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The West German intervention board said about 100000 tonnes of sugar have been offered into intervention so far. A spokesman speaking from Frankfurt told Reuters offers have increased recently but contracts have not yet been concluded. A European Commission spokesman in Brussels earlier confirmed that one mln tonnes of... | GERMAN SUGAR OFFERS PUT AT ABOUT 100,000 TONNES |
Bankers Trust Co said it raised its broker loan rate to 7-1/4 pct from seven pct effective immediately. U.S. Trust Co which also quotes its broker loan rate publicly is posting a 7-1/2 pct rate. Reuter | BANKERS TRUST CO RAISES BROKER LOAN RATE |
National Gypsum Cos Austin Co said it signed a joint agreement with <Kawasaki Heavy Industries Inc> to join forces to win contracts in connection with the construction of Kansai Airport. Austin said it and the Japanese firm will develop concepts investigate systems and compete for the contracts for the international... | NATIONAL GYPSUM <NG> UNIT JOINS JAPANESE FIRM |
<Sigma Mines (Quebec) Ltd> 65 pct owned by Dome Mines Ltd 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 comprise 1... | SIGMA MINES DETAILS GOLD ORE RESERVES |
Witco Corp is raising 140 mln dlrs via an offering of convertible subordinated debentures due 2012 with a 5-1/2 pct coupon and par pricing said lead manager Smith Barney Harris Upham and Co Inc. The debentures are convertible into the companys common stock at 54.55 dlrs per share representing a premium of 25.76 pct ove... | WITCO <WIT> SELLS CONVERTIBLE DEBT AT 5-1/2 PCT |
Genzyme Corp said the U.S. Patent Office has approved a patent for the companys method of testing for serum alpha amylase an indicator of pancreatic disease. The patent strengthens Genzymes proprietary position as the leading independent supplier of diagnostic enzymes and substrates Henri Temeer Genzyme president said.... | GENZYME <GENZ> GETS TESTING PATENT |
Moore McCormack Resources Inc said it agreed in principle to sell its Globe Metallurgical Inc unit to Cyprus Minerals Co <CYPM> for undisclosed terms. The sale expected to close by mid-April is subject to certain conditions including board approval at both companies. Globe produces silicon metals and magnesium ferro... | MOORE MCCORMACK <MMC> TO SELL GLOBE UNIT |
U.S. Completions of new homes fell 0.2 pct in January to a seasonally adjusted rate of 1.884 mln units from 1.888 mln in December the Commerce Department said. The January fall came after a strong 6.4 pct rise from Novembers rate of 1.774 mln units and brought completions to 6.7 pct above the January 1986 level of 1.76... | U.S. HOSUING COMPLETIONS FELL 0.2 PCT IN JANUARY |
Lead underwriter McDonald and Co Investments Inc <MDD> said an offering of 900000 shares of Action Auto Rental Inc is underway priced at 12 dlrs per share. Undewriters have been granted an option to purchase up to another 135000 shares to cover overallotments. The company is selling 697500 shares and shareholders th... | ACTON AUTO RENTAL INITIAL OFFERING STARTS |
Talks between management and unions at Cargill U.K. Ltds Seaforth oilseed processing plant will resume Monday a company spokesman said. He said some progress had been made. Three consecutive days of negotiations ended this afternoon after failing to break the deadlock. Reuter | CARGILL U.K. STRIKE TALKS TO CONTINUE MONDAY |
The U.S. Department of Justice (DOJ) is reviewing whether Trans World Airlines Inc <TWA> and Chairman Carl Icahn violated federal antitrust law by failing to seek advance clearance from the DOJ or the Federal Trade Commission for his extensive open-market purchases of USAir Group Inc <U> stock a DOJ official told... | U.S. JUSTICE DEPARTMENT REVIEWS ICAHN USAIR FILING |
Anitec Image Technology Corp is raising 75 mln dlrs via an issue of convertible subordinated debentures due 2012 with a 5-7/8 pct coupon and par pricing said lead manager Smith Barney Harris Upham and Co Inc. The debentures are convertible into the companys common stock at 32 dlrs a share representing a 26.73 pct premi... | ANITEC IMAGE <ANTC> SELLS CONVERTIBLE DEBENTURES |
Shr loss one ct vs loss 16 cts Net loss 117989 vs loss 528394 Revs 820484 vs 35186 Avg shrs 8226577 vs 3150000 Nine mths Shr loss seven cts vs loss 37 cts Net loss 527864 vs loss 1177434 Revs 1975487 vs 90875 Avg shrs 7277418 vs 3150000 Reuter | T CELL SCIENCES INC <TCEL> 3RD QTR JAN 31 LOSS |
Wisconsin Public Service Corp said in its annual report the companys five-year construction program 1987 through 1991 is projected at 330 mln dlrs. It said the amount which includes about 4.0 mln dlrs for sulfur dioxide controls at company power plants is 42 mln dlrs more than the previous five-year period. Wisconsin P... | WISCONSIN PUBLIC SERVICE <WPS> RAISES BUDGET |
MERRILL LYNCH SAYS IT SUSPENDS NAHUM VASKEVITCH, HEAD OF LONDON MERGERS DEPARTMENT | |
Merrill Lynch and Co <MER> said the head of its mergers and acquisitions department in London accused by U.S. authorities of insider trading violations has been suspended from the firm. If the charges are true we are disappointed and angry Merrill Lynch said in a statement. Merrill Lynch said it has been cooperating... | MERRILL LYNCH <MER> SUSPENDS U.K. MERGER CHIEF |
Dutch seasonally-adjusted unemployment totalled 690600 people in February unchanged from January but down from 732700 in February 1986 a Social Affairs Ministry spokesman said. The unadjusted figure stood at 708700 at the end of last month a decline of 3800 from the January total of 712500 and comparing with 750000 at ... | DUTCH ADJUSTED UNEMPLOYMENT UNCHANGED IN FEBRUARY |
Bremer Landesbank Kreditanstalt Finance Curacao NV is issuing a 40 mln Australian dlr eurobond due April 24 1990 paying 15 pct and priced at 101-3/8 pct lead manager ANZ Merchant Bank Ltd said. The issue which is guaranteed by Bremer Landesbank Kreditanstalt is available in denominations of 1000 dlrs and will be listed... | BREMER LANDESBANK ISSUES AUSTRALIAN DOLLAR BOND |
 CORRECTED - BANCA NAZIONALE DEL LAVORO =2 LONDON The warrants will be issued by EFI Banca. Each warrant will entitle the holder to purchase 45 savings shares of Banca Nazionale de Lavoro at a premium of about 10 pct above the closing price on the Milan Stock Exchange on or before March 17. EFI Banca is a medium-te... | |
Completions of new homes fell 0.2 pct in January to a seasonally adjusted rate of 1.884 mln units from 1.888 mln in December the Commerce Department said. The January fall came after a strong 6.4 pct rise from Novembers rate of 1.774 mln units and brought completions to 6.7 pct above the January 1986 level of 1.765 mln... | U.S. HOUSING COMPLETIONS FELL 0.2 PCT IN JAN |
4th qtr Jan 31 Shr five cts vs 28 cts Net 2448000 vs 13.3 mln Revs 156.1 mln vs 225.5 mln Avg shrs 47.3 mln vs 47.8 mln Year Shr 18 cts vs 1.01 dlrs Net 8430000 vs 48.2 mln Revs 587.9 mln vs 843.9 mln Avg shrs 47.4 mln vs 47.9 mln Reuter | MITCHELL ENERGY AND DEVELOPMENT CORP <MND> NET |
Businessland Inc said it sold 50 mln dlrs of 5-1/2 pct convertible subordinated debentures due 2007 in a registered public offering. The company said each debenture is convertible into shares of Businessland common stock at a conversion price of 20.50 dlrs. Net proceeds will be used to repay amounts outstanding under t... | BUSINESSLAND <BUSL> COMPLETES OFFERING |
U.S. Completions of new homes fell 0.2 pct in January to a seasonally adjusted rate of 1.884 mln units from 1.888 mln in December the Commerce Department said. The January fall came after a strong 6.4 pct rise from Novembers rate of 1.774 mln units and brought completions to 6.7 pct above the January 1986 level of 1.76... | U.S. HOUSING COMPLETIONS FELL 0.2 PCT IN JANUARY |
Pentair Inc said it has filed for an offering of two mln shares of cumulative convertible preferred stock at an expected price of 25 dlrs per share through underwriters led by <Kidder Peabody and Co Inc > and <Piper Jaffray and Hopwood Inc>. It said proceeds would be used to repay bank debt incurred in the acquis... | PENTAIR <PNTA> FILES TO OFFER PREFERRED |
<Grand Metropolitan PLC>s Heublein Inc subsidiary said it will phase out operations at Almadens San Jose winery and transfer production of the wines to the companys Madera Calif. winery. Heublein said the move will increase the Madera winerys efficiency by bringing it close to full capacity and result in the additio... | GRAND MET'S HEUBLEIN TO CLOSE ALMADINE WINERY |
The Canadian Bond Rating Service said it downgraded ratings for long-term senior debt and subordinated debentures at <Royal Bank of Canada> and <Bank of Montreal> due partly to loan loss problems. Royals long-term senior debt was downgraded to A plus (high) from A plus plus and 1.60 billion dlrs of subordinated d... | BOND SERVICE DOWNGRADES ROYAL, BANK OF MONTREAL |
Witco Corp said it is offering 140 mln dlrs of 5-1/2 pct convertible subordinated debentures due 2012 through co-managing underwriters Smith Barney Harris Upham and Co and Goldman Sachs and Co. Each debenture is convertible into the companys common stock at a rate of 54.55 dlrs per share which represents a conversion p... | WITCO CORP <WIT> OFFERS DEBENTURES |
The <American Stock Exchange> said it has started put and call option trading in Chemical Waste Management Inc stock as a replacement for options on Chesebrough-Pondss Inc which was recently acquired. Initial expiration months are June and September and initial exercise prices 30 and 35 it said. Position and exercis... | AMEX TRADING CHEMICAL WASTE <CHW> OPTIONS |
FED SETS TWO BILLION DLR CUSTOMER REPURCHASE, FED SAYS | |
Shr 19 cts vs 12 cts Net 850000 vs 432000 Sales 9850000 vs 4783000 Avg shrs 4504000 vs 3527000 Nine mths Shr 57 cts vs 37 cts Net 2400000 vs 1281000 Sales 25.2 mln vs 12.8 mln Avg shrs 4233000 vs 3485000 Reuter | GROUNDWATER TECHNOLOGY INC <GWTI> 3RD QTR JAN 31 |
BellSouth Advanced Systems a unit of BellSouth Corp said it has introduced a private telephone system called BellSouth System 30 offering smaller companies a wide range of advanced telecommunications services. BellSouth said the services aimed at companies requiring up to 20 telephones include speed dialing for 500 fre... | BELLSOUTH <BSC> UNIT OFFERS NEW TELEPHONE SYSTEM |
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 <F> LAUNCHES MARK EUROBOND WITH WARRANTS |
Pragma Bio-Tech Inc a clinical testing company said it has started performing comparative studies on differnet varieties of nitroglycerin for use in the treatment of angina pectoris episodes. The company would not disclose details of the testing. Reuter | PRAGMA BIO-TECH <PRAG> IN NITROGLYCERIN TESTING |
Qtly div four cts vs four cts prior Pay April 15 Record March 23 Reuter | SEVEN OAKS INTERNATIONAL INC <QPON> IN PAYOUT |
The Federal Reserve entered the U.S. Government securities market to arrange two billion dlrs of customer repurchase agreements a Fed spokesman said. Dealers said Federal funds were trading at 6-5/16 pct when the Fed began its temporary and indirect supply of reserves to the banking system. Reuter | FED ADDS RESERVES VIA CUSTOMER REPURCHASES |
Engineering Measurements Co said it formed a general partnership with several external investment groups in which the company will have a 58.5 pct interest and be managing partner. Called Measurement Auditors Co the partnership provides flowmeter certification and testing services to the oil and gas industry Engineerin... | ENGINEERING MEASUREMENTS (EMCO) SETS PARTNERSHIP |
Private exporters said China bought a total of 550000 tonnes of U.S. wheat under the export enhancement program with final confirmation by the U.S. Department of Agriculture of the subsidies still awaited. The purchase consisted of a total of 340000 tonnes of hard red winter wheat for various May/Aug shipments with 210... | CHINA BUYS U.S. HARD AND SOFT WHEAT |
Ope shr 63 cts vs 80 cts Oper net 3169000 vs 3757000 Revs 9585000 vs 10.2 mln Avg shrs 5070000 vs 4721000 NOTE: Net excludes gains from sale of investments of 887000 dlrs vs 304000 dlrs. Reuter | PROPERTY TRUST OF AMERICA <PTRAS> YEAR NET |
Synergen Inc said it agreed to provide its human elastase inhibitor designed to treat emphysema to Ciba-Geigy AG <CIGZ> for human clinical trials. Ciba-Geigy is currently testing the substance in animals but the company said the new supplies of the drug will be suitable for human tests. The company said Ciba-Geigy i... | SYNERGEN <SYGN> TO MAKE DRUG FOR CIBA-GEIGY |
Shr loss 38 cts vs profit eight cts Net loss 10.4 mln vs profit 2144317 Revs 72.9 mln vs 67.4 mln Nine mths Shr loss 21 cts vs profit 38 cts Net loss 5747393 vs profit 10.1 mln Revs 224.6 mln vs 200.6 mln NOTE: Current year net both periods includes 20.0 mln dlr pretax charge for disposition of 21 underperforming compa... | CHI-CHI'S INC <CHIC> 3RD QTR JAN 31 LOSS |
CHEMLAWN CORP SAID IT IS TALKING WITH NEW SUITORS ABOUT BEING ACQUIRED | |
Chi-Chis Inc said it has taken a 20 mln dlr pretax charge against earnings for the third quarter ended January 31 to cover the cost of disposing of 21 underperforming company-owned restaurants. The company also said it has agreed to repurchase up to three mln common shares on the open market. The company now has about ... | CHI-CHI'S <CHIC> TAKES 20 MLN DLR CHARGE |
Shares of Du Pont Co rose today after accumulating recommendations from Shearson Lehman Brothers and First Boston traders said. Du Pont which opened with a two point gain stood at 109-1/8 up 1-1/8. First Bostons analyst was not available for comment. Analyst Theodore Semegran of Shearson said he raised his earnings est... | DUPONT <DD> UP ON RECOMMENDATIONS |
ChemLawn Corp said it has started talks on the possible sale of the company with various parties that it did not identify. The company said the talks began after it considred and rejected Waste Management Incs <WMX> 27 dlr per share tender offer for all its sharesd. ChemLawn gave no details on the talks. Reuter | CHEMLAWN <CHEM> IN TALKS ON BEING ACQUIRED |
Uluslararasi Endustri ve Ticaret Bankasi AS (INTERBANK) a large privately-owned trade financing bank in Turkey is seeking a 20 mln dlr committed export advance facility Morgan Guaranty Ltd said as lead manager. The financing will be for 14 months but the borrower will have the option after 10 months to request an exten... | TURKISH BANK SEEKS 20 MLN DLR LOAN |
Cato Corp said it has filed for an initial public offering of about three mln common shares. Cato said the offering to be made in late April or early May is expected to raise 35 to 45 mln dlrs. Cato which had been publicly held several years ago before going private operates a chain of womens specialty stores in small ... | <CATO CORP> FILES FOR INITIAL OFFERING |
SHV Holdings NV said it is withdrawing its take-over bid for Imperial Continental Gas Association <ICGS.L> after failing to gain the minimum number of pledges sought from IC Gas shareholders. SHV said in a statement it had sought to gain 750000 IC Gas shares under a 700p offer for IC Gas ordinary stock but was infor... | SHV WITHDRAWS IC GAS OFFER |
Negotiators at a United Nations conference on natural rubber are making slow progress towards reaching an agreement delegates said. The conference which began Monday is widely seen as the final effort to adopt a new International Natural Rubber Agreement (INRA) before the current one expires in October. Some 40 produci... | PROGRESS AT RUBBER PACT TALKS REPORTED SLOW |
Schering-Plough Corp said it obtained an injunction against Natures Blend Products Inc of due to trademark infringement on its Fibre Trim label. Under terms of the injunction Natures Blend agreed to refrain from making and selling food supplement products under the trademark Fiber Slim or using any any trademark that s... | SCHERING-PLOUGH <SGP> OBTAINS INJUNCTION |
LORD ABBETT VALUE APPRECIATION FUND Annual div 33 cts vs 23 cts prior Long term capital gain 2.06 vs 75 cts prior Short term capital gain 18 cts vs 11 cts prior Pay April 6 Record March 12 LORD ABBETT U.S. GOVERNMENT SECURITIES FUND Daily div .029 cts vs .029 cts prior Pay April 15 Record April 15 LORD ABBETT TAX FREE ... | LORD ABBETT AND CO DECLARES MUTUAL FUND DIVS |
Qtr ended Jan 31 Net 55.3 mln dlrs vs 51.7 mln dlrs Revs 419.1 mln vs 391.7 mln Note: Revs include investment and other income of 18.4 mln dlrs vs 18.5 mln dlrs. Company is wholly owned by Gulf and Western Corp <GW>. Reuter | <ASSOCIATES CORP OF NORTH AMERICA> 1ST QTR NET |
Consumers Power Co said the Federal Energy Regulatory Commission approved the companys Midland cogeneration venture as a qualifying facility under the Public Utility Regulatory Policies Act. It said the approval overcomes the last potential federal hurdle to converting Midland to a combined-cycle natural gas-fired coge... | CONSUMERS POWER <CMS> COGENERATION QUALIFIED |
Vipont Laboratories Inc said the Canadian Bureau of Non-Prescription Drugs approved its Viadent toothpaste and oral rinse for marketing. The company also said it finalized an agreement with a Canadian marketing company to introduce the product in the country. It said Viadent helps prevent plaque build-up and inflamed g... | CANADA OKAYS VIPONT LABS <VLAB> TOOTHPASTE |
<Metromedia Long Distance> said it has introduced OnePlus Wats a telecommunications service for high volume callers. Metromedia said OnePlus uses a local switched network rather than dedicated connections to link customers to the nearest Metromedia Long Distance switching center and could save customers up to 35 pct... | METROMEDIA UNVEILS NEW WATS SERVICE |
Period ended January 31. Shr loss six cts vs profit one ct Net loss 536000 vs profit 166000 Revs 2099000 vs 3149000 Avg shrs 10429000 vs 9943000 Nine Mths Shre loss nine cts vs loss five cts Net loss 790000 vs loss 377000 Revs 7089000 vs 7646000 Avg shrs 10406000 vs 9351000 Note: Full name Newport Pharmaceuticals Inter... | NEWPORT PHARMACEUTICALS <NWPH> 3RD QTR LOSS |
Integrated Genetics Inc said the Food and Drug Administration approved field trials of a hormone which is essential to the regulation of cows reproduction. Integrated said field trials will begin immediately under the direction of Granada Corps Granada R and D Ventures Integrateds partner in this area. Reuter | INTEGRATED <IGNG> FIELD TRIALS APPROVED |
Qtly div 11-3/4 cts vs 11-3/4 cts prior Pay March 27 Record March 13 Reuter | THE RAYMOND CORP <RAYM> DECLARES QTLY DIV |
Mitchell Energy and Development Corp said it plans to hold its capital spending in fiscal 1988 ending January 31 to 96 mln dlrs down from the 123 mln dlrs spent in 1987 and 213 mln dlrs in 1986. The company also said its natural gas revenues so far this year have been reduced by lower contract customer purchases due to... | MITCHELL ENERGY <MND> AGAIN CUTS CAPITAL OUTLAYS |
River Oaks Industries Inc said it agreed in principle to give control of the company to Benson Seizer a New York investor in return for 2.6 mln dlrs in capital. The company a maker of mobile homes said it terminated merger discussions with <Nursing Centers of America>. River Oaks said it will place a 2.6 mln dlr con... | INVESTOR TO TAKE CONTROL OF RIVER OAKS <ROI> |
Consolidated group net profit 1.88 billion francs vs 1.29 billion. Net financial and operating profit 1.11 billion vs 825.1 mln. Extraordinary earnings 774.7 mln vs 462.8 mln. Net dividend 165 francs vs 150. Reuter | GEVAERT NV <GEVN.BR> 1986 YEAR |
(Credithrift Financial Corp) said its board authorized the redemption of the companys 8.20 pct Senior Notes due Dec 15 1987. It said the notes are to be redeemed April 20 at a price equal to 100 pct of the principal amount of the notes plus accrued interest. Reuter | CREDITHRIFT FINANCIAL TO REDEEM NOTES |
U.K. Interest rates look set to move lower even after Mondays half-point cut in bank base rates to 10-1/2 pct analysts said citing as evidence the suspension of a British National Savings issue yesterday. The Department of National Savings effectively a Treasury Department unit yesterday suspended its 32nd issue launch... | NATIONAL SAVINGS MOVE POINTS TO LOWER U.K. RATES |
Qtly div 45 cts vs 45 cts previously Pay May 1 Record March 31 Reuter | NICOR INC <GAS> REGULAR DIVIDEND SET |
Qtly div 14 cts vs 14 cts prior Pay April 10 Record March 27 Reuter | HANDLEMAN CO <HDL> SETS QUARTERLY |
Qtly div 20 cts vs 20 cts prior Pay June 16 Record May 22 Reuter | PERINI CORP <PCR> SETS QUARTERLY |
JONES AND VINING SAID VULCAN CORP OFFERS FIVE DLRS A SHARE FOR JONES | |
The Farmers Home Administration the U.S. Agriculture Departments farm lending arm could lose about seven billion dlrs in outstanding principal on its severely delinquent borrowers or about one-fourth of its farm loan portfolio the General Accounting Office GAO said. In remarks prepared for delivery to the Senate Agricu... | FMHA COULD LOSE SEVEN BILLION DLRS IN LOANS |
Oper shr loss 11 cts vs loss 14 cts Oper net loss 1963000 vs loss 2199000 Revs 17.5 mln vs 40.9 mln Year Oper shr profit nine cts vs profit two cts Oper net profit 1555000 vs 456000 Revs 86.3 mln vs 143.7 mln NOTE: Net excludes extraordinary tax charges of 115000 dlrs vs 995000 dlrs in quarter and credits 8096000 dlrs ... | INTERNATIONAL BANKNOTE CO INC <IBK> 4TH QTR LOSS |
The New York Stock Exchange said General Refractories Co had no comment on the activity in its stock. The companys shares were trading off 1-1/2 at 15-1/4. The exchange said it contacted the company and asked if there were any corporate developments to explain the unusual activity. The company declined to issue a state... | NYSE SAYS GENERAL REFRACTORIES <GRX> NO COMMENT |
The European Community (EC) expressed disquiet over protectionist moves in the United States to limit imports of textiles and said it would retaliate immediately if EC exports were hit. A spokeswoman for the EC Commission said EC External Trade Commissioner Willy De Clercq had written to his U.S. Counterpart special U.... | EC CONCERNED OVER U.S. TEXTILE IMPORT MOVES |
Shr loss seven cts vs profit 17 cts Net loss 102000 vs profit 258000 Revs 1695000 vs 1371000 Year Shr loss 33 cts vs profit 26 cts Net loss 488000 vs profit 384000 Revs 6700000 vs 4774000 NOTE: 1986 results include operations of radio stations WJYE-FM for the full year and WNNR-AM for the last six months. Speed-O-Print... | SPEED-O-PRINT BUSINESS <SBM> 4TH QTR NET |
Asbestec Industries Inc said its board declared a three-for-two stock split payable April 17 record April Three. Reuter | ASBESTEC INDUSTRIES <ASBS> SETS STOCK SPLIT |
Dataproducts Corp said it received a multi-year contract valued at more than 30 mln dlrs to supply band printers to <Siemens AG> of West Germany. Siemens will use the printers for office applications and for medium to large mainframes Dataproducts said. Reuter | DATAPRODUCTS <DPC> GETS SIEMENS CONTRACT |
Qtly div 20 cts vs 20 cts previously Pay April 15 Record March 23 Reuter | QUAKER OATS CO <OAT> REGULAR DIVIDEND |
Jones and Vining Inc said Vulcan Corp one of its main competitors in the production of shoe lasts has offered to acquire Jones and Vining for five dlrs a share. Jones and Vining said a management effort to take the company private will go ahead at 4.50 dlrs per share. The form of the buyout has not yet been determined ... | JONES AND VINING <JNSV> GETS VULCAN <VUL> BID |
Viragen Inc said it is sponsoring clinical studies of Human Leukocyte Interferon Alpha in the treatment of renal cell carcinoma and bladder cell carcinoma. The Food and Drug Administration approved human trials will be conducted on at least 30 patients male and female for each cancer type. Reuter | VIRAGEN <VRGN> STARTS HUMAN TRIALS |
PPG Industries Inc will continue to show earnings growth in 1987 despite a difficult economic climate the company said in its annual report mailed to shareholders today. For 1986 the companys earnings rose five pct to 316 mln dlrs on revenues that increased eight pct to 4.7 billion dlrs. Earnings per share were 2.66 dl... | PPG INDUSTRIES <PPG> SEES GROWTH IN 1987 |
Waste Management Inc said it filed a motion in U.S. District Court for the southern district of Ohio to dismiss the counterclaim brought against it by Chemlawn Corp <CHEM>. The litigation relates to Waste Managements cash tender of 27 dlrs a share for all shares of Chemlawn. A hearing on the counterclaim is schedule... | WASTE MANAGEMENT <WMX> SEEKS SUIT'S DISMISSAL |
Belgian Budget Minister Guy Verhofstadt has proposed a plan to sell off shares in several state-owned enterprises including national airline Sabena and the postal and telecommunications authority government sources said. They said the plan could raise more than 25 billion francs in revenue over the next five years acco... | BELGIAN MINISTER UNVEILS PRIVATISATION PLAN |
Reichhold Chemicals Inc said it is raising the prices of its Emulsion Polymers Divisions styrene-based latexes for nowovens textiles adhesives and other specialty end uses effective April nine. The increases range between three and nine cts per dry pound. Reuter | REICHOLD CHEMICALS <RCI> INCREASES PRICES |
Chrysler Corp said it will use a product designed by Telecredit Incs Light Signatures Inc unit to prevent counterfeit automotive parts. Light Signatures will provide coded warranty labels for Chryslers replacement parts. The system will first be used for glass and then expanded to other products. Parts replaced by inde... | CHRYSLER <C> TO USE TELECREDIT <TCRD> PRODUCT |
Shr 24 cts vs 13 cts Net 704803 vs 385081 Revs 5669682 vs 4142095 Reuter | SCIENCE DYNAMICS CORP <SIDY> YEAR NET |
Avery Inc said it began a public offering of two mln shars at 50.25 dlrs per shares. PUrchasers of the shares are entitled to get one additional share for each share purchased to give effect to the two-for-one stock split approved by the board February 26. There are about 19.9 mln shares outstanding on a presplit basis... | AVERY <AVY> IN OFFERING |
Shr 42 cts vs 35 cts Net 570000 vs 476000 Sales 122.4 mln vs 123.1 mln NOTEL Prior year net includes pretax charge 453000 dlrs for reopening of eight stores. Reuter | FOODARAMA SUPERMARKETS INC <FSM> 1ST QTR JAN 31 |
Qtr ends Jan 31 Shr four cts vs 12 cts Net 102508 vs 264910 Revs 2278083 vs 2536312 Nine mths Shr 18 cts vs 15 cts Net 489253 vs 404877 Revs 6679745 vs 6613551 NOTE: Excludes discontinued operations gain of 40519 dlrs in the third quarter fiscal 1986 and loss of 9666 dlrs in the nine months fiscal 1986. Reuter | ENGINEERING MEASUREMENTS CO <EMCO> 3RD QTR NET |
Shr one ct vs 24 cts Net 43000 vs 1032000 Revs 10 mln vs 4.9 mln Avg shrs 3.7 mln vs 4.3 mln 12 mths Shr 1.02 dlrs vs 1.62 dlrs Net 3950000 vs 7308000 Revs 30.8 mln vs 33.3 mln Avg shrs 3.9 mln vs 4.5 mln NOTE: 1985 restated to reflect tax loss carryforwards. Reuter | BOOTHE FINANCIAL CORP <BCMP> 4TH QTR NET |
Qtly div 37-1/2 cts vs 37-1/2 cts prior Pay May 15 Record April 15 Reuter | CONSOLIDATED NATURAL GAS CO <CNG> IN PAYOUT |
Qtly div six cts vs six cts prior Pay March 31 Record March 20 Reuter | SANDUSKY PLASTICS INC <SPI> SETS QUARTERLY |
IC Industries Inc called for redemption 113.6 mln dlrs worth of securities. IC said it will redeem 69 mln dlrs in 14 pct guaranteed notes seven pct Swiss Franc notes of Abex International worth 40 mln Swiss francs (26.2 mln dlrs) and 18.4 mln dlrs of 11-5/8 pct Pneumo subordinated sinking fund debentures. The guarantee... | IC INDUSTRIES <ICX> TO REDEEM SECURITIES |
Rexnord nc said it signed a definitive agreement to sell its Railway Maintenance Equipment Co subsidiary to Banner Industries Inc. Terms were withheld. It said Railway Maintenance had 1986 sales of 16 mln dlrs and employs 100 people. Rexnord said the sale is part of a major program to divest several of its businesses r... | REXNORD <REX> TO SELL RAILWAY EQUIPMENT UNIT |
Lone Star Industries Inc said it signed an agreement to buy or lease five import cement terminals from Hanson Industries <HAN> Kaiser Cement Corp. Terms of the agreement were not disclosed. Lone Star said three of the terminals are located in Alaska one in Seattle and the other in Portland Ore. Reuter | LONE STAR <LCE> TO ADD FIVE CEMENT TERMINALS |
The overall area devoted to sugar beet in Europe is forecast to remain stagnant this year at 7.22 mln hectares compared with 7.21 mln ha in 1986 West German statistician F.O. Licht said. It was feared that the recent steep rise in sugar prices would have a marked effect on planting intentions this year Licht said but j... | LICHT SEES STAGNANT EUROPEAN BEET AREA |
Britain will from next autumn mint and market a new bullion coin called the Britannia containing one ounce of 24 carat gold together with bullion coins of smaller denominations a Treasury official said. The new investment coin to be sold worldwide will fluctuate in price according to the international price of gold. Th... | BRITAIN TO MINT NEW "BRITANNIA" GOLD COIN |
Benihana National Corp said it signed a letter of intent with <Tishman Realty and Construction Co Inc> to build a teppanyaki-style restaurant at the Hilton Hotel at Walt Disney World Village in Lake Buena Vista Fal. Benihana National said it currently owns and operates 16 teppanyaki-style restaurants under license f... | BENIHANA <BNHN> TO BUILD RESTAURANT IN FLORIDA |
Attorney General Edwin Meese said he saw some benefit in the proposed purchase of American Motors Co <AMO> By Chrysler Corp <C> in that it would return the smallest of the U.S. auto manufacturers to American hands. Meese told the House Appropriations Subcommittee that consideration would be part of the Justice De... | MEESE SEES A PLUS IN CHRYSLER-AMC MERGER |
Dutch members of parliament said they could do little to help resolve the dispute over redundancies in Rotterdam ports general cargo sector and urged the union and employers to sort out their differences themselves. Both sides gave evidence to the all-party standing committee on Social Affairs today but committee membe... | DUTCH PARLIAMENT OFFERS LITTLE HELP IN PORT ROW |
Martin Sosnoff who has offered to buy Caesars World Inc for 28 dlrs a share said senior officials of the company have offered to buy back the Caesars stake he already holds now 13.6 pct of the total outstanding. In a filing with the Securities and Exchange Commission Sosnoff a New York investor and money manager said t... | SOSNOFF SAYS CAESARS <CAW> OFFERED STOCK BUYBACK |
Lured by the weakening dollar and the conviction that oil prices are poised for a rebound European energy companies are buying up cheap U.S. oil and gas reserves to replenish their supplies oil industry analysts said. They said owning oil reserves in a politically stable United States is good insurance against future s... | ENERGY/FOREIGN INVESTORS |
CBT BOARD OF DIRECTORS POSTPONES LAUNCH OF NIGHT TRADING UNTIL APRIL 30, EXCHANGE SAYS | |
A meeting of leading politicians bankers and economists has forecast Austrian real gross domestic product growth for this year at between 0.5 and 1.5 pct a government spokesman said. This compared with a two pct growth forecast made by the semi-official Institute for Economic Research (WIFO) last December. Helmut Krame... | AUSTRIAN 1987 GROWTH SEEN BETWEEN 0.5 AND 1.5 PCT |
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