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Qtly div 18 cts vs 14 cts prior Pay March 31 Record March 25 Reuter | ESSELTE BUSINESS SYSTEMS INC <ESB> UPS PAYOUT |
Oper shr profit 32 cts vs loss 66 cts Oper net profit 2454000 vs loss 3558000 Sales 96.1 mln vs 91.4 mln Year Oper shr profit 72 cts vs loss 63 cts Oper net profit 6495000 vs loss 1833000 Sales 368.1 mln vs 322.1 mln NOTE: Earnings exclude losses from discontinued consolidated operations of 460000 dlrs or eight cts a s... | KATY INDUSTRIES INC <KT> 4TH QTR NET |
PMI Fund Inc said its board declared monthly dividends of six cts for April four cts for May five cts for June seven cts for July and six cts for August. The fund which customarily omits dividends in March and September last paid six cts in February. Dividends declared today are payable April Three May Six June Four Ju... | <PMI FUND INC> SETS MONTHLY DIVIDENDS |
Jan 31 end Shr 51 cts vs 38 cts Net 3254000 vs 2423000 Sales 65.9 mln vs 51.1 mln Year Shr 1.18 dlrs vs 1.15 dlrs Net 7485000 vs 7285000 Sales 207.5 mln vs 164.1 mln Reuter | MERRY-GO-ROUND ENTERPRISES INC <MGRE> 4TH QTR |
TENERA LP said it will make an initial quarterly distribution of 17 cts per unit on April 15 to holders of record March 31. The partnership said the dividend is greater than it had expectd to pay and was warranted by fourth quarter results and anticipated results for this years first quarter. TENERA said it expects a c... | TENERA LP <TLPZV> SETS INITIAL QUARTERLY |
Banca Nazionale del Lavoro (London branch) is issuing a 120 mln dlr five-year straight bond with equity warrants lead manager Credit Suisse First Boston Ltd said. The issue which matures April 3 1992 has an indicated coupon of 5-1/2 to six pct and par pricing. Fees total 2-1/4 pct and listing will be in Luxembourg. Pay... | BANCA NAZIONALE DEL LAVORO LAUNCHES BOND/WARRANTS |
Hanson Industries the U.S. arm of Hanson Trust PLC <HAN> said it has proposed to sell in separate transactions Kaiser Cements Northwest Terminals and Montana City plant to Lone Star Industries Inc <LCE> and <Ash Grove Cement West Inc> respectively for a total of 50.2 mln dlrs. Hanson said the deals are subject... | HANSON <HAN> UNIT TO SELL KAISER TERMINAL/PLANT |
The federal government said Calmos Systems Inc will be given 3075000 Canadian dlrs to join the European consortium Eureka in a research project involving integrated circuit boards. The Kanata Ontario based microchip manufacturer was the first company to qualify under Ottawas 20 mln dlr fund called the Technology Opport... | CANADA SETS GRANT FOR EUREKA RESEARCH |
Ecuadors deputy energy minister Fernando Santos Alvite arrived here last night for talks on further Venezuelan assistance to his countrys oil industry following last weeks earthquake officials said. Ecuador was obliged to suspend crude oil exports for an expected five months as a result of damage to 25 miles of pipelin... | ECUADOR OFFICIAL SEEKS OIL AID IN VENEZUELA |
U.S. 4TH QTR BALANCE OF PAYMENTS TRADE DEFICIT WAS RECORD 38.37 BILLION DLRS | |
NY TRADERS SAY E.C. SOLD 71,000 TONNES OF WHITE SUGAR AT TENDER. | |
The Bank of England said it provided the money market with unspecified late assistance of around 240 mln stg. This brings its total assistance on the day to 346 mln stg compared with a liquidity shortfall it estimated at a revised 250 mln stg. Overnight interbank sterling was being offered at eight pct shortly after th... | U.K. MONEY MARKET GIVEN LATE HELP OF 240 MLN STG |
Finlands mining and metals group Outokumpu Oy <OUTO.HE> which last week reported a 1986 loss of 83 mln markka after three successive years of profits said it restructured its key copper processing division in an attempt to rationalize production and improve profitability. Outokumpus Managing Director Pertti Voutilai... | OUTOKUMPU RESTRUCTURES COPPER DIVISION |
Chile will open talks next month with international lending agencies on the renegotiation of 150 mln dlrs of official debts due for repayment in 1987 and 1988 the influential Mercurio newspaper reported. The newspaper quoting official sources said the terms sought will be similar to those agreed with the countrys comme... | CHILE SET FOR RENEGOTIATION ON OFFICIAL DEBT |
The U.S. merchandise trade deficit on a balance of payments basis was a record 38.37 billion dlrs in the October to December fourth quarter the Commerce Department said. The record trade shortfall came after a revised 37.15 billion dlr third quarter deficit. The department previously reported the third quarter deficit ... | U.S. TRADE DEFICIT 38.37 BILLION DLRS IN 4TH QTR |
UK INTERVENTION BD SAYS EC SETS WHITE SUGAR TENDER REBATE 43.248 ECUS. | |
Symbol Technologies Inc said it called 610000 outstanding five-year stock warrants issued in 1985 and 1986 to Reliance Insurance Co a subsidiary of Reliance Group Holdings <REL>. The company said cash proceeds from the warrants will be 6065000 dlrs. Symbol said it issued 550000 of the warrants to Reliance in 1985 ex... | SYMBOL TECHNOLOGIES INC <SMBL> CALLS WARRANTS |
American Communications and Television Inc said its common stock will continue to be included in the National Association of Securities Dealers NASDAQ system due to an exception from filing requirements which it failed to meet as of February 14. The company said it believes it can meet conditions imposed by the NASD fo... | AMERICAN COMMUNICATIONS <ASTVE> GETS EXCEPTION |
Bayer USA Inc said sales of its affiliated operating cmpanies based in the U.S. increased in 1986 by 4.4 pct from the previous year. Combined sales were 4.2 billion dlrs up from 4.0 billion dlrs in 1985 the company said. However the company said net income was 106.9 mln dlrs three pct below 1985. Bayer said its operati... | BAYER USA <BAYRY> AFFILIATES INCREASED SALES |
Deb Shops Inc said its board declared a 100 pct stock dividend and will increase the quarterly dividend to four cts from 3-1/4 cts after adjustment for the split. The company said the split is payable April 17 to holders of record March 25. The dividend increase will be effective with the April 30 payment it said. Reut... | DEB SHOPS INC <DEBS> SETS STOCK SPLIT |
CANADA LEADING INDICATOR UP 0.4 PCT IN DECEMBER, AFTER 0.4 PCT NOVEMBER GAIN - OFFICIAL | |
Continental Health Affiliates Inc said that it has acquired <Marketech Inc> an 80 pct partner in <Diatronics Nutrition Services>. Continental said Diantronics Nutrition Services is a joint venture with physicians providing patient-ready home infusion therapy products and services to outpatients of five northern N... | CONTINENTAL HEALTH <CTHL> PURCHASES MARKETECH |
Visual Graphics Corp <VGCA> <VGCB> said its board declared a quarterly dividend of 7-1/2 cts per share on its class B common stock and 8-1/4 cts per share on class A common stock payable April Three to shareholders of record as of March 23. The company set up the two classes of common stock in February. Previousl... | VISUAL GRAPHICS SETS DIVIDENDS |
Shr 71 cts vs 57 cts Net 5457000 vs 4299000 Sales 62.9 mln vs 50.1 mln Year Shr 1.65 dlrs vs 1.37 dlrs Net 12.6 mln vs 10.4 mln Sales 181.4 mln vs 147.1 mln Reuter | DEB SHOPS INC <DEBS> 4TH QTR JAN 31 NET |
<Sigma Mines (Quebec) Ltd> 65 pct owned by Dome Mines Ltd <DM> said its Sigma Mine had proven and probable reserves at the end of 1986 of 4902940 tons with an average grade of 0.139 ounces of gold a ton. Sigma said the reserves are equivalent to 10 years future production at current milling rates. The reserves co... | SIGMA MINES DETAILS GOLD ORE RESERVES |
Shr profit nine cts vs loss two cts Net profit 1419000 vs loss 314000 Revs 8097000 vs 4794000 Avg shrs 15.8 mln vs 15.5 mln Year Shr profit 37 cts vs loss 10 cts Net profit 5695000 vs loss 1268000 Revs 40.9 mln vs 4794000 Avg shrs 15.6 mln vs 12.5 mln NOTE: Company began operations Nov 17 1985. Reuter | REGENCY CRUISES INC <SHIP> 4TH QTR NET |
Chile will open talks next month with international lending agencies on the renegotiation of 150 mln dlrs of official debts due for repayment in 1987 and 1988 the influential Mercurio newspaper reported. The newspaper quoting official sources said the terms sought will be similar to those agreed with the countrys comme... | CHILE SET FOR RENEGOTIATION ON OFFICIAL DEBT |
The Metropolis of Tokyo is offering in the Yankee bond market 100 mln dlrs of guaranteed bonds due 1997 yielding 7.57 pct said lead manager First Boston Corp. The bonds bear a 7-1/2 pct coupon and were priced at 99.515 to yield 35 basis points more than comparable Treasury securities. Non-callable for life the issue is... | METROPOLIS OF TOKYO SELLS 10-YEAR BONDS |
Shr 64 cts vs 51 cts Net 4373000 vs 3346000 Sales 59.8 mln vs 45.5 mln Avg shrs 6808000 vs 6600000 Nine mths Shr 1.57 dlrs vs 1.18 dlrs Net 10.7 mln vs 7745000 Sales 167.0 mln vs 123.1 mln Reuter | SEAMAN FURNITURE CO INC <SEAM> 3RD QTR JAN 31 |
Danish-based insulin and enzymes producer Novo Industri A/S (NVO.CO) said pre-tax earnings fell almost 10 pct in 1986 though sales rose by two pct. The pre-tax figure fell to 788 mln crowns from 872 mln in 1985 on sales increased from 4.1 billion to 4.2 billion giving net earnings of 521 mln crowns against 604 mln in 1... | NOVO INDUSTRI EARNINGS FALL DESPITE INCREASED SALES |
Shr loss 30 cts vs loss 43 cts Net loss 891000 vs loss 969000 Revs 1930000 vs 1815000 Avg shrs 2.9 mln vs 2.2 mln Nine Mths Shr loss one dlr vs loss 1.36 dlrs Net loss 2622000 vs loss 3037000 Revs 4638000 vs 4105000 Avg shrs 2.6 mln vs 2.2 mln Reuter | SCS/COMPUTE INC <SCOM> 3RD QTR JAN 31 LOSS |
Alpine Associates a Cresskill N.J. securities dealer told the Securities and Exchange Commission it has acquired 565100 shares of Leaseway Transport Corp or 5.9 pct of the total outstanding common stock. Alpine a limited partnership said it bought the stock for 28.1 mln dlrs as an investment in the ordinary course of i... | SECURITIES DEALER HAS LEASEWAY <LTC> STAKE |
Shr 1.26 dlrs vs 67 cts Net 7299000 vs 3607000 Revs 52.4 mln vs 40.7 mln Avg shrs 6028755 vs 2408766 NOTE: 1985 results restated to include Deltona Corp <DLT> investment on equity method. Reuter | EMPIRE OF CAROLINA INC <EMP> YEAR NET |
Oper shr profit 18 cts vs loss one ct Oper net profit 387832 vs loss 29312 Revs 6872630 vs NA Year Oper shr profit 39 cts vs loss 23 cts Oper net profit 835010 vs loss 441836 Revs 20.8 mln vs NA Avg shrs 2135909 vs 1885909 NOTE: Excludes gains of 378000 dlrs or 18 cts and 715000 dlrs or 33 cts in current qtr and year r... | VHC LTD <VHCL> 4TH QTR OPER NET |
Turkish banks and government offices reopened here after snow blanketing the city began to melt causing floods and traffic jams. Turkish radio said 16 villages in the southern province of Hatay were evacuated after the Karasu river burst its banks flooding 5000 hectares of crops. The radio said cold weather and snow st... | TURKISH WEATHER IMPROVES, BUT BRINGS FLOODS |
Alliant Computer Systems Corp <ALNT> said that it has signed an agreement with MacNeal-Schwendler Corp <MNS> where MacNeal will develop a new version of its MSC/NASTRAN software for Alliants FX/Series Computers. Alliant said MSC/NASTRAN is used for finite element analysis particularly in the automotive and aerosp... | ALLIANT AND MACNEAL-SCHWENDLER SIGN PACT |
Oper shr 91 cts vs seven cts Oper net 4356774 vs 289764 Revs 69.2 mln vs 50.2 mln Avg shrs 4736692 vs 4151672 NOTE: 1985 net excludes 3027714 dlr loss from discontinued operations. Reuter | TRANSTECH INDUSTRIES INC <TRTI> YEAR NET |
Micropolis Corp is raising 75 mln dlrs via an offering of convertible subordinated debentures due 2012 with a six pct coupon and par pricing said lead manager Kidder Peabody and Co Inc. The debentures are convertible into the companys common stock at 48.50 dlrs per share representing a premium of 23.6 pct over the stoc... | MICROPOLIS <MLIS> SELLS CONVERTIBLE DEBENTURES |
Thai sugar production totalled 960788 tonnes in January an increase of 12.7 pct on January 1986 according to figures received by the International Sugar Organization. November and December production figures also exceeded last years totals with the result that output in the first three months of the season showed a 23.... | THAI SUGAR PRODUCTION INCREASES |
Canadas leading composite indicator advanced 0.4 pct in December after gaining 0.4 pct in the two previous months Statistics Canada said. The unfiltered index rose 0.8 pct in the month a turnaround from the 0.3 pct decline in November the federal agency said. The manufacturing groups continued to post advances while go... | CANADA DECEMBER LEADING INDICATOR UP 0.4 PCT |
Nordic Investment Bank is issuing a 300 mln Danish crown bond due April 15 1994 priced at par with an 11-1/4 pct coupon lead manager Enskilda Securities said. The bonds are callable on April 15 1992 at par and at any time for tax reasons. They will be sold in denominations of 20000 crowns and listed in Luxembourg. Fees... | NORDIC INVESTMENT BANK ISSUES DANISH CROWN BOND |
Lead underwriters Josephthal and Co Inc Emmett A. Larkin Co Inc and Hays Securities Corp said an initial public offering of 865000 common shares of Mesa Airlines Inc is underway at 7.50 dlrs per share. Underwriters have been granted an overallotment option to purchase up to another 129750 shares. Reuter | <MESA AIRLINES INC> INITIAL OFFERING UNDERWAY |
<ANova Ventures Corp> said its board declared a dividend payable in the form of registered shares of stock in <Duvel Corp> a blind public pool. ANova describes itself as a publishing and financial services firm specializing in arranging revers acquisitions and mergers between blind pools/shells and private compan... | ANOVA VENTURES SETS DIVIDEND IN DUEVEL SHARES |
DNC International Finance A.S. Is issuing a 10 billion yen eurobond due April 7 1994 with a five pct coupon and priced at 102-3/8 pct Yamaichi International (Europe) Ltd said as joint book-runner with Tokai International Ltd. The non-callable bonds guaranteed by Den norske Creditbank will be issued in denominations of ... | DNC INTERNATIONAL ISSUES 10 BILLION YEN BOND |
Chrysler Corps 1.5 billion dlr bid to takeover American Motors Corp <AMO> should help bolster the small automakers sales but it leaves the future of its 19000 employees in doubt industry analysts say. It was business as usual yesterday at the American Motors headquarters one day after the proposed merger was unveile... | CHRYSLER <C> DEAL LEAVES UNCERTAINTY FOR AMC WORKERS |
St. Joe Gold Corp said it plans to proceed with development of its Golden Patricia gold property in northwestern Ontario. It said about five mln dlrs will be spent to continue underground development and obtain operating permits and another 10.2 mln dlrs is expected to be required to complete underground development co... | ST. JOE GOLD TO DEVELOP ONTARIO MINE |
Qtly div nine cts vs eight cts prior Pay May 12 Record March 31 Reuter | NUCOR CORP <NUE> RAISES QUARTERLY |
DNC International Finance A.S. Is issuing a 10 billion yen eurobond due April 7 1994 with a five pct coupon and priced at 102-3/8 pct Yamaichi International (Europe) Ltd said as joint book-runner with Tokai International Ltd. The non-callable bonds guaranteed by Den norske Creditbank will be issued in denominations of ... | DNC INTERNATIONAL ISSUES 10 BILLION YEN BOND |
Shr 1.60 dlrs vs 3.12 dlrs Net 10.6 mln vs 20.6 mln Revs 162.5 mln vs 214.6 mln Note: 1985 shr restated to reflect January 31 1986 stock split. 73 pct-owned by Kelsey-Hayes Co. Reuter | <KELSEY-HAYES CANADA LTD> YEAR NET |
Nigerias military government clamped a dusk-to-dawn curfew on northern Kaduna state and ordered all schools and colleges there closed after 11 people died in clashes between Moslems and Christians. A statement said the situation in Kaduna was now under control after two days of disturbances caused by undesirable elemen... | CURFEW CLAMPED ON NIGERIAN STATE AFTER CLASHES |
Qtly div 27-1/2 cts vs 27-1/2 cts prior Pay April 15 Record March 31 Reuter | RIGGS NATIONAL CORP <RIGS> SETS QUARTERLY |
Pacer Systems said it has agreed in principle to acquire the assets of Sea Data Corp a maker of low-powered electronic systems including undersea intelligent recording sensors and high-density digital data recorders for one mln dlrs. Reuter | <PACER SYSTEMS> TO MAKE ACQUISITION |
EDF LAUNCHING FIVE BILLION FRENCH FRANC BOND - CO-LEAD MANAGER PARIBAS | |
Concord Computing Corp said Thomas E. Swithenbank has resiged as president and a director and John L. burns has resigned as vice president of manufacturing. No reason was given. It said chairman and chief executive officer Victor M. Tyler will assume the additional post of president. Reuter | CONCORD COMPUTING <CEFT> EXECUTIVES RESIGN |
General Motors Corp said almost 125000 of Chevrolets two newest cars - the four-door Corsica sedan and two-door Beretta Sport Coupe - have been ordered by dealers in advance of their official introduction Thursday. It said on hand in dealer inventory and for immediate delivery were 35000 of the two models. Another 8000... | GM <GM> DEALERS ORDER 125,000 NEW CHEVROLETS |
SHL Systemhouse Inc said it filed a registration statement with the Securities and Exchange Commission relating to common shares owned by <Kinburn Technology Corp>. SHL said the filing was made to satisfy exchange rights under a proposed offering of U.S 100 mln dlrs principal amount of exchangeable secured debenture... | SHL SYSTEMHOUSE <NMS> FILES FOR PUBLIC OFFERING |
Bilfinger und Berger-Bau AG <GBFG.F> expects group construction output in 1987 to fall to around 2.5 billion marks in 1987 from 2.73 billion last year and sees foreign business stabilizing just under its 1986 level. In a letter to shareholders Bilfinger und Berger said foreign construction work fell to 1.37 billion ... | BILFINGER UND BERGER SEES OUTPUT FALLING IN 1987 |
Versar Inc a technical environmental services company said it will release an announcement this afternoon concerning the company. A Versar spokesman said he was unable to divulge any further information. The American Stock Exchange halted trading of Versars stock this morning. Reuter | VERSAR INC <VSR> TO MAKE ANNOUNCEMENT |
Mizuno Corp of Osaka is issuing 30 mln Swiss francs of five year notes with a 4-5/8 pct coupon and 100-1/8 issue price lead manager Swiss Bank Corp said. The notes which are guaranteed by Sumitomo Bank Ltd can be called at 101-1/2 from September 27 1989. Payment is due March 27. REUTER | MIZUNO ISSUING 30 MLN SWISS FRANC FIVE YEAR NOTE |
A Bank of Spain spokesman qualified a bank statement announcing an extension of reserve requirements to convertible peseta funds held by banks saying the move applied only to future rises above current balances. The 19 pct reserve requirement will only be applied to further increases in banks convertible peseta funds t... | SPAIN QUALIFIES RESERVE REQUIREMENTS STATEMENT |
Spains broad based M-4 money supply rose at an annualised rate of 16.7 pct in February against 8.1 pct in January and 22.4 pct in February last year Bank of Spain figures show. The broad-based money supply is measured as liquid assets in public hands plus quasi-monetary assets. Money supply growth was 11.4 pct last yea... | SPAIN'S MONEY SUPPLY GROWTH DOUBLES IN FEBRUARY |
Robert Halmi Inc said it has received a commitment for a five mln dlr revolving credit line from Wells Fargo and Co <WFC>. It said it will use funds for the development and production of television programming. Reuter | ROBERT HALMI <RHI> GETS FIVE MLN DLR CREDIT LINE |
Duff and Phelps raised its ratings to DP-1 (AAA) from DP-2 (high AA) on 2.6 billion dlrs in debentures and 150 mln dlrs in notes of South Central Bell Telephone Co a unit of BellSouth Corp. The rating agency cited the companys strong financial performance which was achieved by keeping expenses under control and not by ... | DUFF/PHELPS UPGRADES BELLSOUTH CORP <BLS> UNIT |
Pennsylvania Power and Light Co said it will offer 500000 shares of 6-7/8 pct series preferred stock at 100 dlrs per share and 500000 shares of 7-3/8 pct series preferred stock at the same price plus accumulated dividends from the date of original issuance. The First Boston Corp Drexel Burnham Lambert Inc Merrill Lynch... | PENNSYLVANIA POWER <PPL> OFFERS PREFERRED STOCK |
Leucadia National Corp a U.S. Financial services holding company has received a 50 mln dlr five-year revolving underwriting facility (RUF) said Merrill Lynch Capital Markets as arranger. Under terms of the facility Leucadia may issue euro-notes in maturities from one to six months subject to a maximum of 183 days. The ... | LEUCADIA HAS 50 MLN DLR REVOLVING FACILITY |
Foreign exchange market rumours that the the Bank of England has been selling sterling to halt its rise prompted a wary response from dealers who said they saw no obvious confirmation market sources said. Bank of England officials were not immediately available for comment. Earlier this week the Bank sanctioned a cut i... | DEALERS WARY OVER STERLING INTERVENTION RUMOUR |
Nov 30 end Shr four cts vs 11 cts Net 62986 vs 174158 Sales 720906 vs 907542 Year Shr 18 cts vs six cts Net 277852 vs 94263 Sales 2247374 vs 2030390 Reuter | TELEPHONE SUPPORT SYSTEMS INC <TSSI> 3RD QTR |
Shr one ct vs five cts Net 50745 vs 161019 Revs 478700 vs 1048543 Avg shrs 4350000 vs 3217500 Nine mths Shr four cts vs 12 cts Net 169275 vs 390179 Revs 1478066 vs 2658692 Avg shrs 4350000 vs 3217500 Reuter | NETWORK VIDEO INC <NVID> 3RD QTR FEB 28 NET |
Oper shr profit one ct vs profit two cts Oper net profit 63000 vs profit 84000 Sales 5009000 vs 4042000 1st half Oper shr profit two cts vs loss 17 cts Oper net profit 87000 vs loss 794000 Sales 9838000 vs 7368000 Backlog 17.8 mln vs 11.4 mln NOTE: Current year net excludes tax credits of 32000 dlrs in quarter and 4500... | COMTECH INC <CMTL> 2ND QTR JAN 31 NET |
Prime Minister Yasuhiro Nakasone will step down only after his plan to overhaul Japans tax system gets parliamentary approval one of his closest aides said today. The aide who declined to be identified said at a private meeting Nakasones power in office does not necessarily terminate at the end of his term in October. ... | NAKASONE SET TO STAY UNTIL TAX REFORM APPROVED |
The French electricity utility Electricite de France is issuing a five billion French franc bond in three tranches co-lead manager Banque Paribas said here. The issue is also being lead-managed by Credit Lyonnais. The first two billion franc tranche carries a fixed interest rate of 8.30 pct with a life of 11 years 316 ... | EDF ISSUING FIVE BILLION FRENCH FRANC BOND |
Oper shr 21 cts vs 34 cts Oper net 480000 vs 765000 Revs 6386000 vs 5862000 Year Oper shr 1.20 dlrs vs 78 cts Oper net 2692000 vs 1732000 Revs 25.2 mln vs 20.3 mln NOTEL Net excludes tax credit 35000 dlrs vs reversal of credit 40000 dlrs in quarter and credits 79000 dlrs vs 72000 dlrs in year. Reuter | BALTEK CORP <BTEK> 4TH QTR NET |
Sahlen and Associates Inc said it has completed the purchase of Gleason Securities Service Inc of New York and Gleason Plant Security Inc of Connecticut. Sahlen said the deals terms were not disclosed but added that the acquired companies had combined annual revenues of over 18 mln dlrs. Sahlen a private invetigation c... | SAHLEN AND ASSOCIATES <SALNU> COMPLETES PURCHASE |
Qtly div 15 cts vs 15 cts prior Pay May 11 Record March 31. Reuter | MEM CO INC <MEM> DECLARES QTLY DIV |
NYNEX Corp will urge the U.S. District Court to approve Justice Department recommendations easing restrictions on offering new services by regional telephone firms chairman Delbert Staley said. While NYNEX would have prefered the unqualified lifting of all of the Modified Final Judgement restrictions we intend to urge ... | NYNEX <NYN> URGES JUSTICE DEPT. PLAN APPROVAL |
Shr nine cts vs four cts Net 658159 vs 299930 Revs 3770341 vs 2614224 Avg shrs 7382802 vs 6747442 Year Oper shr 33 cts vs 18 cts Oper net 2287179 vs 1045799 Revs 13.1 mln vs 8577853 Avg shrs 6874505 vs 5951612 NOTE: 1985 year net includes 13000 dlr tax credit. Reuter | INSITUFORM OF NORTH AMERICA INC <INSUA> 4TH QTR |
Southwest Airlines Cos TranStar Airlines said it will add new flights and increase service to several cities including Los Angeles. TranStar said it will add a third daily nonstop April One from New Orleans to Los Angeles bringing to 10 the total of non stop and connecting flights to that city. It also will start nonst... | SOUTHWEST AIRLINES CO <LUV> UNIT ADDS SERVICE |
SEC CHARGES MERRILL LYNCH U.K. MANAGING DIRECTOR NAHUM VASKEVITCH WITH INSIDER TRADING | |
Computer Network Technology Corp said it introduced the CHANNELink Model 5100/R a high speed networking product line. It said the product line is designed for remote IBM mainframe-to-mainframe data communications. Reuter | COMPUTER TECHNOLOGY <CMNT> NETWORKING DEVICE |
Shr loss 19 cts vs profit 11 cts Net loss 1140270 vs profit 590463 Revs 1259164 vs 3225512 Year Shr loss 67 cts vs profit 10 cts Net loss 4004840 vs profit 580488 Revs 3184480 vs 9123041 Reuter | MAJOR REALTY CORP <MAJR> 4TH QTR LOSS |
Shr 14 cts Net 510917 Sales 12.3 mln NOTE: Share adjusted for five for four stock split in January 1987. Backlog 13.0 mln dlrs vs 3733000 dlrs. Company began operating January 27 1986. Reuter | NUTMEG INDUSTRIES INC <NUTM> YEAR JAN 31 NET |
The Securities and Exchange Commission said it charged a managing director of <Merrill Lynch Pierce Fenner and Smith Ltd> in London with masterminding a massive insider trading scheme. Nahum Vaskevitch the managing director of the Mergers and Aquisitions Department of the brokers London office was charged in a civil... | MERRILL LYNCH U.K. EXECUTIVE CHARGED BY SEC |
The New York Stock Exchange said Tenneco Inc declined to comment on whether there were any corporate developments that might explain the unusual activity in its stock. The exchange said it had requested a statement from the company in light of the activity. Tenneco was up 1-7/8 dlrs to 48-5/8. Reuter | TENNECO <TGT> DECLINES COMMENT ON STOCK |
<Henry Ansbacher Holdings Plc> said it has acquired a 51 pct interest in the U.S. Retail and general corporate insurance broker <Adams and Porter Inc>. The move is the first step in building a new international insurance broking group following the appointment of a new management team for its Seascope Insurance H... | HENRY ANSBACHER HAS 51 PCT OF ADAMS AND PORTER INC |
The Central Issuing Office of the Swiss cantonal banks said it is launching a 150 mln Swiss franc 4-1/2 pct 12-year bond issue at 99.75 pct. Subscriptions close March 23. The funds will be partly used for the conversion or repayment of an 80 mln franc 4-3/4 pct 1972/87 bond maturing on April 15. REUTER | SWISS CANTONAL BANK GROUP SETS 150 MLN SFR BOND |
Deutsche Bank Finance NV is issuing a 150 mln Australia dlr bond due April 15 1992 with a coupon of 14-1/2 pct and priced at 101-1/2 said Deutsche Bank Capital Markets as lead manager. Payment date is April 15. The securities will be listed on the Luxembourg Stock exchange and will available in denominations of 1000 an... | DEUTSCHE BANK ISSUES 150 MLN AUSTRALIA DLR BOND |
The engineers union IG Metall said 35700 workers at 152 West German engineering companies held brief warning strikes today in support of the unions demands for higher wages and shorter working hours without loss of pay. It said most of the stoppages were in northern Germany where employers and union representatives met... | SOME GERMAN ENGINEERS AGAIN HOLD WARNING STRIKES |
Dutch bank F. Van Lanschot Bankiers N.V. Co-owned by National Westminster PLC <NWBL.L> and RABOBANK B.A. <RABN.A> said 1986 net profit rose 8.8 pct to 24.1 mln guilders on a 4.8-pct higher balance sheet total of 6.2 billion. Van Lanschot Bankiers is a subsidiary of Van Lanschot Beleggingscompagnie B.V. In which B... | NATWEST, RABO UNIT REPORTS 8.8 PCT PROFIT GROWTH |
Missouri-based Interco Inc is establishing a 50 mln dlr five year revolving credit facility Swiss Bank Corp International Ltd said as arranger. The facility allows for eurodollar and swingline advances up to 50 mln dlrs and also has an uncommitted option for short-term multi-currency advances. The margin for eurodollar... | INTERCO ESTABLISHES 50 MLN DLR REVOLVING FACILITY |
West German sugar statistician F.O. Licht estimates European beet plantings this year at 7.22 mln hectares compared with a revised 1986 figure of 7.21 mln traders said. In its first estimate for 1987 it puts EC plantings at 1.85 mln hectares compared with 1.89 mln in 1986 while it estimates sowings in Western Europe (i... | LICHT SEES RISE IN EUROPEAN BEET AREA: TRADE |
Frank B. Hall and Co an insurance and brokerage firm said it has joined with <Risk Science International> to offer banks a new service that assesses their environmental risk level. Hall said that under recently enacted legislation banks and other financial institutions can be held liable for environmental risks in p... | FRANK B. HALL <FBH> OFFERS NEW SERVICE |
LTV Corp said Pakistan ordered 180 military trucks and spare parts worth 18.5 mln dlrs from AM General a unit of LTVs Missles and Electronics Group. The company said the order includes 140 M809 Series five-ton trucks and 40 M44A2 Series 2-1/2 ton trucks. They are scheduled to be delivered later this year. Reuter | LTV <LTV> WINS 18.5 MLN DLR PAKISTAN ORDER |
Rodman and Renshaw Capital Group Inc said its directors approved the repurchase of up to 200000 shares of the companys common stock on the open market from time to time. The shares may be used for acquisition and for stock option plans it said. Rodman and Renshaw completed its initial public offering of 1.5 mln common ... | RODMAN/RENSHAW <RR> TO BUY 200,000 OF ITS SHARES |
The Federal Reserve is expected to intervene in the government securities market to add temporary reserves via customer or system repurchase agreements economists said. Most economists said the Fed will inject reserves indirectly via customer repurchases but they added that the Fed might opt for a direct injection of r... | FED EXPECTED TO ADD RESERVES |
Shr 10 cts vs two cts Net 163832 vs 31063 Sales 5434430 vs 3167735 Avg shrs 1712231 vs 1533277 Year Shr 59 cts vs 41 cts Net 1016375 vs 550625 Sales 19.7 mln vs 9755018 Avg shrs 1710256 vs 1327172 Reuter | BEN AND JERRY'S HOMEMADE INC <BJIC> 4TH QTR NET |
Standard and Poors Corp said it raised to A-1-plus from A-1 the commercial paper of Citizens Fidelity Corp and its unit Citizens Fidelity Bank and Trust. S and P cited the completion of the firms merger with PNC Financial Corp <PNCF> saying PNC has shown solid earnings excellent liquidity and a conservative capital ... | CITIZENS FIDELITY <CFDY> PAPER UPGRADED BY S/P |
Shr 52 cts vs 41 cts Net 4921601 vs 3157070 Revs 35.8 mln vs 31.7 mln Avg shrs 8939955 vs 7600000 Nine mths Shr 52 cts vs 34 cts Net 4604406 vs 2585621 Revs 36.0 mln vs 32.1 mln Avg shrs 8939955 vs 7600000 Reuter | BONNEVILLE PACIFIC CORP <BPCO> 3RD QTR JAN 31 |
Ford Motor Credit Co <F> is raising 200 mln marks through a five-year eurobond with currency warrants attached carrying a coupon of 5-3/4 pct and priced at 116-3/4 lead manager Deutsche Bank AG said. The issue will be sold in denominations of 1000 and 10000 marks and listed in Frankfurt. Each 1000 mark bond carries ... | FORD LAUNCHES MARK EUROBOND WITH CURRENCY WARRANTS |
J.C. Penney Cos stock rose sharply after analyst William Smith of Smith Barney recommended the stock based on the companys strong earnings momentum and the possibility of a stock buyback dividend hike or stock split traders said. I am very impressed with the strong basic earnings story analyst Smith said noting that th... | JC PENNEY <JCP> UP ON SMITH BARNEY OPINION |
Schering Corp a unit of Schering-Plough Corp said <Natures Blend Products Inc> agreed to an injunction against its Fiber Slim product. Schering the U.S. distributor of Fibre Trim made by <Farma Food A/S> of Denmark said it and Farma had sued Natures Blend claiming Natures product infringed their trademark on Fibr... | SCHERING-PLOUGH <SGP> TRADEMARK DISPUTE SETTLED |
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