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<Miller Tabak Hirsch and Co> said it has received an accepted 3424729 common shares of Penn Traffic Co in response to its 31.60 dlr per share tender offer that expired Friday and together with the 380728 shares it already owned it now has about 91.8 pct of Penn Traffic. The company said Penn Traffic is expected to h... | MILLER TABAK HAS 91.8 PCT OF PENN TRAFFIC <PNF> |
Coffee quota talks at the International Coffee Organization council meeting here continued this afternoon but producers and consumers still had not reached common ground on the key issue of how to estimate export quotas delegates said. The 54 member contact group was examining a Colombian proposal to resume quotas Apri... | COFFEE QUOTA TALKS CONTINUE BUT NO AGREEMENT YET |
<Federal Industries Ltd> said it introduced a commercial paper program with an authorization of 440 mln dlrs through agents <Bank of Montreal> <Dominion Securities Inc> and Wood Gundy Inc. Net proceeds from the sale of notes will be used for general corporate purposes and will replace existing outstanding debt... | FEDERAL INDUSTRIES SETS COMMERCIAL PAPER ISSUE |
Waste Management Corp said its board voted a two-for-one stock split payable April 21 record March 30. In other action Waste Management directors approved an increase in the quarterly dividend to 18 cts from 14 cts payable April three record March 18. Reuter | WASTE MANAGEMENT <WMX> VOTES SPLIT, UPS PAYOUT |
Porex Technologies Corp said its board declared an initial annual dividend of 10 cts per share its first payout payable March 26 to holders of record March 12. Reuter | POREX TECHNOLOGIES <PORX> SETS INITIAL DIVIDEND |
Davis Water and Waste Industries Inc said its board declared a 33-1/3 pct stock dividend payable March 23 to holders of record March 12. Reuter | DAVIS WATER <DWWS> DECLARES STOCK DIVIDEND |
Medco Containment Services Inc said its board declared an initial annual dividend of 10 cts per share its first payout payable March 19 to holders of record March 12. Reuter | MEDCO CONTAINMENT <MCCS> SETS INITIAL PAYOUT |
Pittston Co said it has tentatively agreed to acquire WTC International N.V. in a tax-free exchange of stock. Pittston said it agreed to exchange 0.523 common share for each of the about 8612000 WTC common shares outstanding. Pittston said WTCs three principal shareholders who own 62 pct of its stock are parties to thi... | PITTSTON <PCO> AGREES TO ACQUIRE WTC <WAF> |
<SDC Sydney Development Corp> earlier reporting an increased nine month operating loss said a cost control review now underway may result in cost reduction and elimination of unprofitable and non-strategic products and services. The companys operating loss for the nine months ended December 31 1986 increased to 7.7 ... | SDC SYDNEY COST REVIEW MAY ELIMINATE PRODUCTS |
Shr loss 11 cts Loss 739146 Revs 11754251 Note: initial public listing December 1986 Reuter | <MULTI-STEP PRODUCTS INC> SIX MTHS DEC 31 LOSS |
The Bank of England said it had offered borrowing facilities to those discount houses wishing to use them at 1430 GMT. The Bank also said it provided the money market 456 mln stg assistance in the afternoon session bringing its total help so far today to 493 mln stg. This compares with its forecast of a shortage in the... | U.K. MONEY MARKET OFFERED BORROWING FACILTIES |
Electronic Mail Corp of America said its efforts to secure additional financing for expansion have fallen through. The company said that there are no immediate prospects for financing through other sources though efforts will continue. The company said operations wil continue while further efforts are made. Negotiation... | ELECTRONIC MAIL <EMCA> FINANCING ATTEMPT FAILS |
Bangladesh will receive a grant equivalent to 47 mln U.S. Dlrs from the Netherlands during 1987 under an agreement signed here Saturday officials said. This raised the amount of Dutch grants to Bangladesh to 759 mln dlrs since 1972 used mainly for commodity imports and implementing development projects they said. Reute... | NETHERLANDS GRANTS 47 MLN DLRS TO BANGLADESH |
Caisse Centrale Desjardins du Quebec is issuing a 10 billion yen step-up eurobond maturing on March 25 1992 and priced at 101-3/4 pct joint-bookrunner Warburg Securities said. The issues pays a coupon of one pct in years one and two and then pays a coupon of 7-7/8 pct in years three four and five. The selling concessio... | QUEBEC'S CAISSE DES JARDINS ISSUES YEN EUROBOND |
Dow Chemical Co has launched a 200 mln Swiss franc 12-year bond with a 4-3/4 pct coupon priced at 100-1/4 pct lead manager Union Bank of Switzerland said. The issue carries a call option from 1993 at 102 pct declining thereafter by 1/2 percentage point per year. Subscriptions close March 18 and payment date is April 2.... | DOW CHEMICAL LAUNCHES 200 MLN SWISS FRANC BOND |
Sight deposits by commercial banks at the Swiss National Bank rose by 3.10 billion Swiss francs to 10.53 billion in the last 10 days of February the National Bank said. Foreign exchange reserves fell 3.06 billion francs to 30.64 billion. Sight deposits are an important measure of Swiss money market liquidity. The decli... | SWISS SIGHT DEPOSITS RISE 3.10 BILLION FRANCS |
 USDA LIFTS CROSS-COMPLIANCE FOR 1987 CROP OATS REPEAT FROM LATE FRIDAY WASHINGTON Feb 27 - The USDA said it is lifting the limited cross-compliance requirement for 1987 crop oats. Deputy Secretary Peter Myers said the action was being taken to help alleviate the short supply of oats. Under limited cross compliance... | |
CONSOLIDATED TVX SAYS IT WILL ISSUE SHARES TO BUY STAKES IN THREE BRAZIL MINING FIRMS | |
Brazil is not happy with the existing structure of the 14-bank advisory committee which coordinates its commercial bank debt Finance Minister Dilson Funaro said. U.S. Banks have 50 pct representation on the committee while holding only 35 pct of Brazils debt to banks he said adding This is not fair with the European an... | BRAZIL CRITICISES ADVISORY COMMITTEE STRUCTURE |
Oper shr 17 cts vs 25 cts Qtly div 15 cts vs 15 cts prior Oper net 1522000 vs 3501000 Sales 98.0 mln vs 86.3 mln NOTE: Prior year net excludes loss from discontinued operations of 1817000 dlrs. Company said common shares outstanding down significantly to 7814000 reflecting retirement of about 5200000 shares since start... | WHITTAKER CORP <WKR> 1ST QTR JAN 31 NET |
Caisse Centrale Desjardins du Quebec is issuing a 10 billion yen step-up eurobond maturing on March 25 1992 and priced at 101-3/4 pct joint-bookrunner Warburg Securities said. The issues pays a coupon of one pct in years one and two and then pays a coupon of 7-7/8 pct in years three four and five. The selling concessio... | QUEBEC'S CAISSE DES JARDINS ISSUES YEN EUROBOND |
Oper shr 1.80 dlrs vs 1.46 dlrs Oper net 25.0 mln vs 20.2 mln Sales 1.09 billion vs 996.4 mln Avg shrs 13.9 mln vs 13.8 mln Year Oper shr 3.20 dlrs vs 2.57 dlrs Oper net 44.4 mln vs 35.4 mln Sales 3.87 billion vs 3.43 billion Avg shrs 13.9 mln vs 13.8 mln NOTES: Operating net excludes losses of 12.1 mln dlrs or 87 cts ... | STOP AND SHOP COS INC <SHP> 4TH QTR JAN 31 NET |
Qtly div 35 cts vs 35 cts in prior qtr Payable April one Record March 14 Reuter | JIM WALTER CORP <JWC> REGULAR DIVIDEND |
Diagnostic Retrieval Systems Inc said it has made an offer to acquire through a wholly owned unit all outstanding shares of Rospatch Corps common stock for 22 dlrs a share cash or about 53 mln dlrs. DRS a warfare systems producer said it would make the transaction through a cash tender offer for all but not less than 5... | DIAGNOSTIC <DRS> MAKES A BID FOR ROSPATCH <RPCH> |
The volume of contracts traded on the New Zealand Futures Exchange (NZFE) reached a record 25559 contracts in February the International Commodities Clearing House (ICCH) said. The previous high was 22583 contracts in December 1986. The ICCH said the value of the contracts traded in February was 2.90 billion N.Z. Dlrs.... | RECORD N.Z. FUTURES VOLUMES TRADED IN FEBRUARY |
AAR Corp said that the U.S. Air force exercised an option valued at about eight mln dlrs with its Brooks and Perkins Cadillac manufacturing subsidiary in Michigan for cargo pallet maintenence and overhaul. Reuter | AIR FORCE EXERCISES OPTION FOR AAR <AIR> ORDER |
Dow Chemical Co has launched a 200 mln Swiss franc 12-year bond with a 4-3/4 pct coupon priced at 100-1/4 pct lead manager Union Bank of Switzerland said. The issue carries a call option from 1993 at 102 pct declining thereafter by 1/2 percentage point per year. Subscriptions close March 18 and payment date is April 2.... | DOW CHEMICAL LAUNCHES 200 MLN SWISS FRANC BOND |
Tanzanias ruling Chama cha Mapinduzi (CCM) party has endorsed the governments economic reform programme but said it did not think more changes such as a further devaluation of the shilling would be needed. Tanzania has devalued the shilling more than 65 pct in less than a year and has started to overhaul inefficient go... | TANZANIA SAYS NO NEED FOR NEW ECONOMIC MEASURES |
A Taiwan mission will leave next week for Washington to renegotiate an agreement severely limiting the growth of the islands textile exports a Board of Foreign Trade official said. Under the agreement signed last July Taiwans textile export growth was limited to 0.5 pct each year until 1988 based on the value of 1985 e... | TAIWAN TO SEEK HIGHER TEXTILE EXPORTS TO U.S. |
U.S. JAN CONSTRUCTION SPENDING ROSE 1.0 PCT AFTER REVISED 0.9 PCT DEC DROP | |
U.S. NON-FARM PRODUCTIVITY FELL REVISED 2.2 PCT IN 4TH QTR INSTEAD OF 1.7 PCT | |
Productivity in the non-farm business sector fell at a seasonally adjusted revised annual rate of 2.2 pct in the fourth quarter last year the Labor department said. Previously the department said productivity fell 1.7 pct in the fourth quarter. The decline followed a 0.3 pct drop in the third quarter. For all of 1986 p... | U.S. NON-FARM PRODUCTIVITY FELL 2.2 PCT IN QTR |
FRENCH 13-WEEK T-BILL AVERAGE RATE FALLS TO 7.69 PCT FROM 7.82 PCT | |
U.S. construction spending rose 3.6 billion dlrs or 1.0 pct in January to a seasonally adjusted rate of 378.5 billion dlrs the Commerce Department said. Spending in December fell a revised 3.5 billion dlrs or 0.9 pct to 374.9 billion dlrs the department said. Previously it said spending fell 0.5 pct in December. The de... | U.S. CONSTRUCTION SPENDING ROSE 1.0 PCT IN JAN |
Whittaker Corp said it will have a gain on the sale of discontinued businesses after any operating losses from the businesses up until the dates of disposition but it will defer reporting the gain until its restructuring program hsa been substantially completed. The company said in the first quarter ended January 31m i... | WHITTAKER <WKR> TO HAVE GAINS FROM SALES |
The Japan Fund Inc said it has received an unsolicited offer from <Sterling Grace Capital Management LP> acting together with certain other persons and entities to purchase all the assets of the fund at five pct below its aggregate net asset value. The Japan Find said tne deal is subject to obtaining satisfactory fi... | THE JAPAN FUND <JPN> GETS BUYOUT OFFER |
Stansbury Mining Corp said it has arranged the financing it needs to bring its vermiculite mine into operation later this year. The company said New York investment banking firm Matthews and Wright has arranged 7300000 dlrs in tax-free industrial revenue bonds and 4700000 dlrs in conventional bonds. It said it expects ... | STANSBURY MINING <STBY> GETS FUNDING FOR MINE |
Div 50 won vs 50 won Net profit 6.91 billion won vs 6.10 billion Sales 4275.4 billion vs 38017 billion Note - Company has set 1987 sales target of 4800 billion won. Reuter | <SAMSUNG CO> CALENDAR 1986 |
Div 50 won vs 50 won Net profit 35.4 billion won vs 34.2 billion Sales 4214.9 billion won vs 3779.2 bilion Note - company has set 1987 sales target of 5200 billion. REUTER | <DAEWOO CORP> CALENDAR 1986 |
CORNING TO OFFER 0.5165 SHARE FOR EACH HAZLETON SHARE UNDER EARLIER AGREEMENT | |
Bank of New York Co said it and the management of RMJ Securities Corp have agreed to sell 80 pct of their interests in RMJ Holding Corp to <British and Commonwealth Holdings PLC> and Bank of New York expects to realize a substantial gain on the transaction. RMJ Holding is the holding company for RMJ Securities a lar... | BANK OF NEW YORK <BK> TO HAVE GAIN ON UNIT SALE |
Corning Glass Works said the exchange ratio for its previously announced acquisition of Hazleton Laboratories Corp has been established at 0.5165 Corning common share for each Hazleton common share. Corning said the prospectus regarding the merger is expected to be mailed tomorrow to all Hazleton holders of record Febr... | CORNING <GLW>, HAZLETON <HLC> SET EXCAHNGE RATIO |
World animal health experts called for a campaign to eradicate the lethal cattle disease Rinderpest in Bangladesh Bhutan India Nepal and Pakistan a statement from a Food and Agriculture Organization (FAO) meeting here said. Some 230 mln dlrs is needed over two years to vaccinate the entire susceptible cattle population... | HEALTH EXPERTS URGE ERADICATION OF RINDERPEST |
Turkish retail prices rose 2.7 pct in February after 2.9 pct in January and 1.7 pct in February 1986 the State Statistics Institute said. Prices in the year to February rose 31.6 pct compared with 30.3 pct in the year to January and 38.8 pct in the 12 months to February 1986. The index (base 1978/79) covering 14 towns ... | TURKISH RETAIL PRICES RISE 2.7 PCT IN FEBRUARY |
bank of england announces creation of further one billion stg of nine pct 2002 exchequer stock | |
Xerox Corp said it has added a system that can handle more than 3000 calls per hour and store up to 526 hours of messages to its Voice Message Exchange product line. Available with 12 to 64 ports the new System V is designed to serve 800 to 10000 users the company said. It is compatible with the companys entire voice m... | XEROX CORP <XRX> ADDS CAPACITY TO SYSTEM |
Bally Manufacturing Corp said it completed the acquisition of the Golden Nugget Casino Hotel in Atlantic City New Jersey from Golden Nugget Inc. Bally also acquired from Golden Nugget various parcels of real estate in Atlantic City it noted. The transaction included 140 mln dlrs in cash and stock and the assumption of ... | BALLY <BLY> COMPLETES PURCHASE OF GOLDEN NUGGET |
<Consolidated TVX Mining Corp> said it agreed to issue 7.8 mln treasury shares to acquire interests in three gold mining companies in Brazil and an option to increase the companys interest in a platinum property. The company said the transactions will bring immediate production and earnings to Consolidated TVX enhan... | CONSOLIDATED TVX TO BUY BRAZIL GOLD MINE STAKES |
Oper shr 17 cts vs 19 cts Oper net 636000 vs 358000 Revs 10.6 mln vs 7024000 Avg shrs 3808000 vs 1924000 Year Oper shr 73 cts vs 65 cts Oper net 2467000 vs 1199000 Revs 31.5 mln vs 22.9 mln Avg shrs 3372000 vs 1785000 NOTE: Net excludes investment gains 20000 dlrs vs 86000 dlrs in quarter and 586000 dlrs vs 195000 dlrs... | WARWICK INSURANCE MANAGERS INC <WIMI> 4TH QTR |
Canadas industrial product price index rose 0.2 pct in January after falling 0.2 pct in each of the two previous months Statistics Canada said. The rise was led by price gains for papers pharmaceuticals and petroleum and coal products. Price declines were recorded for meat products lumber and motor vehicles. On a year ... | CANADA INDUSTRIAL PRICES UP 0.2 PCT IN MONTH |
Olivers Stores Inc said it has decided to reorganize under Chapter 11 of the federal bankruptcy laws and will file a petition by the end of this week. The company said it has failed to reach agreement with primary lenders Manufacturers Hanover Corp <MHC> and Midlantic Corp <MIDL> on a debt restructuring. It said ... | OLIVER'S STORES <OLVR> FILES CHAPTER 11 |
Howen Owners Federal Savings and Loan Association said its stockholders have approved an amendment to its charter increasing the number of authorized common to 32 mln shares from eight mln and the number of authorized preferred shares to eight mln from two mln. Reuter | HOWE OWNERS FEDERAL <HFSL> HOLDERS OK MORE STOCK |
Commerzbank Overseas Finance NV is issuing a 50 mln stg eurobond due March 31 1992 paying 9-5/8 pct and priced at 101-1/4 pct joint-lead manager Samuel Montagu and Co Ltd said. Commerzbank AG is the other joint-lead. The non-callable bond is available in denominations of 1000 and 10000 stg and will be listed in London.... | COMMERZBANK UNIT ISSUES STERLING EUROBOND |
Nuclear Data Inc said its bank lenders agreed to extend its secured loan agreement through June 30 1987. The agreement which covers about 9.5 mln dlrs in short term debt had been scheduled to expire February 28. Terms of the extension require Nuclear Data to obtain replacement financing from outside sources before June... | NUCLEAR DATA <NDI> GETS EXTENSIONS ON LOANS |
GELCO CORP 2ND QTR SHR 67 CTS VS 23 CTS | |
Shr 22 cts vs 17 cts Net 1232000 vs 834000 Sales 24.1 mln vs 20.9 mln Avg shrs 5609000 vs five mln Year Shr 97 cts vs 69 cts Net 4985000 vs 3426000 Sales 92.4 mln vs 77.9 mln Avg shrs 5153000 vs five mln Reuter | STROBER ORGANIZATION INC <STRB> 4TH QTR NET |
Dow Chemical Co said a judge on the New Jersey Superior Court for Monmouth County granted its Merrell Dow Pharmaceuticals Inc unit a motion for a directed verdict in its favor in a case alleging its morning sickness drug Bendectin caused a childs birth defects. Merrell Dow said after plaintiffs had completed their pres... | JUDGE RULES IN FAVOR OF DOW CHEM <DOW> UNIT |
U.K. Chancellor of the Exchequer Nigel Lawson has told Brazils Finance Minister Dilson Funaro that negotiations on Brazils debt to commercial banks are a matter for the commercial banks themselves a Treasury spokesman said. The spokesman said the Chancellor had emphasised in talks this morning with Funaro the need for ... | U.K. SAYS HAS NO ROLE IN BRAZIL MORATORIUM TALKS |
SHELL CANADA CUTS CRUDE OIL PRICES BY UP TO 1.27 CANADIAN DLRS/BBL EFFECTIVE MARCH ONE | |
The Bank of Enlgand said it was creating and taking onto its own books a one stg tranche of the nine pct Exchequer stock due 2002. The issue is part paid with 20 stg pct payable on issue and the 76 stg pct balance due on April 27. First dealings will take place this Wednesday March 4. The initial reaction among dealers... | BANK OF ENGLAND ANNOUNCES ONE BILLION STG TAP |
Qtly div three cts vs three cts prior Pay April six Record March 20 Reuter | BRENCO INC <BREN> DECLARES QTLY DIVIDEND |
The National Union of Mineworkers NUM said it will demand a 55 pct annual wage increase in upcoming negotiations with South Africas mining companies. The union representing some 360000 black workers at about 118 mines last year sought a 45 pct boost in salaries and settled for 23.5 pct. NUM General Secretary Cyril Rama... | BLACK SOUTH AFRICAN MINERS SEEK WAGE RISE |
Prime Computer Inc said it has introduced the Prime Medusa/pc software a two dimensional version of its Prime Medusa computer-aided-design software. Prime said Prime Medusa/pc is for use on an International Business Machines Corp <IBM> PC/AT operating within a Prime 50 Series minicomputer environment. The company sa... | PRIME COMPUTER <PRM> UNVEILS PC SOFTWARE |
Qtly div from income 5.1 cts vs 3.035 dlrs in prior qtr including capital gains of 2.978 dlrs Payable March 27 Record February 27 Reuter | MASSACHUSETTS INVESTORS GROWTH STOCK FUND PAYOUT |
Federal Industries Ltds earlier announced commercial paper issue of up to 440 mln dlrs will be made only in Canada a company spokesman said. The issue currently underway is expected to be completed within the next few weeks. The final amount of the issue depends on market conditions but will likely be close to 400 mln ... | FEDERAL INDUSTRIES PAPER ISSUE JUST IN CANADA |
Shr 35 cts vs 25 cts Net 1590000 vs 1140000 Revs 32.2 mln vs 23.0 mln YEAR Shr 1.16 dlrs vs 68 cts Net 5300000 vs 3100000 Revs 110.0 mln vs 85.4 mln Reuter | <PREMDOR INC> 4TH QTR NET |
American Nursery Products Inc said it purchased Miami-based Heinls Nursery Inc for undisclosed terms. Heinls Nursery has sales of about 4.5 mln dlrs and owns 100 acres of which 75 are in shade houses and about 58300 square feet cover greenhouses shipping and office facilities. Reuter | AMERICAN NURSERY <ANSY> BUYS FLORIDA NURSERY |
Jutland Telephone Co plans to issue a 75 mln Swiss franc 4-3/4 pct bond with a par price and a maximum 10-year maturity lead manager Union Bank of Switzerland said. The bond may be retired between 1991 and 1996 if the secondary price does not exceed par. It may be called starting in 1992 at 101 with declining premiums ... | JUTLAND TELEPHONE SETS 75 MLN SWISS FRANC BOND |
Regency Cruises Inc said its board elected William Schanz as its chairman and chief executive officer. He replaces Anastasios Kyriakides who resigned in December. Schantz has served as president treasurer and a director since its inception in 1984. The company also elected three directors. They are Paul Hermann John Cl... | REGENCY CRUISES INC <SHIP> ELECTS NEW CHAIRMAN |
Semi-annual div from income of 7.3 cts vs 1.0 cent in prior period Payable March 27 Record February 27 Reuter | MFS MANAGED SECTORS TRUST DIVIDEND INCREASED |
Unocal Corp said it plans to introduce truck lube centers at most of the 148 Unocal 76 Auto/TruckStops along the nations interstate highways. The company said the centers will be the first national program to offer over-the-road trucks a convenient and complete lube-and-oil-change service. The centers will offer a 20-p... | UNOCAL <UCL> PLANS LUBE CENTERS AT TRUCKSTOPS |
Genzyme Corp said it and Howmedica a Rutherford N.J.-based company owned by Pfizer Inc have agreed to an initial joint research and development program. The company said the venture will focus on using Genzymes proprietary technologies to procued hyaluronic acid-based products for use in orthopedic surgery. Hyaluronic ... | <GENZYME>, PFIZER <PFE> UNIT IN JOINT VENTURE |
<Multi-Step Products Inc> earlier reporting an initial six month loss said it agreed to sell wholly owned Multi-Step Manufacturing Inc for 100000 dlrs cash subject to shareholder and regulatory approval. Multi-Step also said it will pay 900000 dlrs to cancel 711192 of its own shares which will be acquired from Micha... | MULTI-STEP TO SELL LADDER UNIT, CANCEL SHARES |
Esselte Business Systems Incs Esselte Meto division said it has acquired the Antonson America Co a subsidiary of <Antonson Machines AB> of Sweden. Esselte said the Antonson unit based in LaPorte Indiana manufactures scales and label printers. The company said the purchase is part of a plan to increase the range of r... | ESSELTE BUSINESS <ESB> UNIT BUYS ANTONSON UNIT |
The Federal Reserve is expected to enter the U.S. Government securities market to add temporary reserves economists said. They expect it to supply the reserves indirectly by arranging a fairly large round two billion dlrs or more of customer repurchase agreements. The Fed may add the reserves directly instead via Syste... | FED EXPECTED TO ADD TEMPORARY RESERVES |
Reuters Holdings Plc <RTRS.L> said it had its first subscriber installation in China of its foreign exchange dealing service. The subscriber is the banking department of the China International Trust and Investment Corps (CITIC) head office in Beijing. The service is also due to be connected soon at the Bank of Chin... | REUTER DEALING SERVICE INTRODUCED IN CHINA |
Cambridge Medical Technology corp said it has signed a letter of intent with Panbaxy Laboratories to jointly make a new AIDS test. The company said it will have the exclusive right to market the product worldwide. The new test will be used to detect specific viral antigens in serum and whole blood samples. It said it h... | CAMBRIDGE MEDICAL <CMTC> IN DEAL ON AIDS TEST |
<Four Seasons Hotels Inc> and VMS Realty Partners said they agreed to acquire the Santa Barbara Biltmore Hotel in California from Marriott Corp for undisclosed terms. Closing was expected by March 31 they added. The companies said they would jointly own the hotel and rename it the Four Seasons Biltmore at Santa Barb... | FOUR SEASONS BUYING MARRIOTT <MHS> HOTEL |
Quaker Oats Co said it filed a shelf registration with the Securities and Exchange Commission covering up to 250 mln dlrs in debt securities. The company said it may offer the securites in one or more issues from time to time over the next two years. Proceeds will be used to repay short term debt issued in connection w... | QUAKER OATS <OAT> FILES SHELF REGISTRATION |
Stone Container Corp said it is splitting its common stock 2-for-1 and increasing its dividend 33-1/3 pct. The dividend of 20 cts a share an increase of five cts over the prior 15 cts a share on pre-split shares is payable June 12 to holders of record May 22. The stock split also is payable June 12 to holders of record... | STONE <STO> SPLITS STOCK, RAISES PAYOUT |
Shares of Temple Inland Inc <TIN> and International Paper Co <IP> rose sharply this morning following a recommendation by Prudential Bache Securities traders said. Temple Inland jumped 2-7/8 to 73 and International Paper 1-1/4 to 91-1/4. Prudential Bache analyst Mark Rogers was not available for comment. Traders ... | TEMPLE INLAND/INT'L PAPER UP ON RAISED OPINION |
Presidential Airways Inc said it will serve 12 cities when it starts operating Continental Express under a joint marketing agreement with Texas Air Corps <TEX> Continental Airlines on March 23. From its base at Dulles Airport in Washington Presidential will serve Albany N.Y. Birmingham and Huntsville in Alabama Colu... | PRESIDENTIAL AIR <PAIR> TO START NEW SERVICE |
Shr 81 cts vs 57 cts Net 3660273 vs 2437914 Rev 28.5 mln vs 23.1 mln Six months Shr 29 cts vs 12 cts Net 1325755 vs 483559 Rev 31.7 mln vs 26.4 mln Reuter | S-K-I LTD <SKII> 2ND QTR JAN 25 NET |
Shr loss 20 cts vs profit 96 cts Net loss 499000 vs profit 2369000 Revs 11.5 mln vs 10.3 mln NOTE: Prior year net includes gain on sale of property of 4557000 dlrs. Reuter | KAPOK CORP <KPK> YEAR SEPT 30 LOSS |
The coupon on the 70 mln dlr equity warrant eurobond for Best Denki Co Ltd has been set at three pct compared with the indicated 3-1/8 pct lead manager Nikko Securities Co (Europe) Ltd said. The exercise price was set 1640 yen per share representing a premium of 2-1/2 pct over todays closing price of 1600 yen. The fore... | COUPON REDUCED ON BEST DENKI WARRANT BOND |
Talks due today between management and unions to try to end the strike at Cargill U.K. Ltds Seaforth oilseed crushing plant have been rescheduled for Thursday a company spokesman said. Oilseed processing at the plant has been halted since December 19 when mill workers walked out in protest at new contract manning level... | CARGILL U.K. STRIKE TALKS POSTPONED |
Lotus Development Corp said it has unveiled a new software product named Galaxy to complement the newly introduced Apple Computer Inc <AAPL> Macintosh II and Macintosh SE. Lotus said Galaxy will be formally introduced over the summer. Lotus said Galaxy will include Command language and dynamically linked modules unl... | LOTUS <LOTS> INTRODUCES NEW SOFTWARE |
AMAX Incx said it has identified additional gold and silver ore reserves at its AMAX Sleeper Mine near Winnemucca Nev.. It said as a result of recent drilling reserves at thhe mine are now estimated at 2470000 short tons of ore grading 0.24 ounce of gold and 0.50 ounce of silver per ton that is treatable by conventiona... | AMAX <AMX> IN GOLD, SILVER FIND |
A study group said the United States should increase its strategic petroleum reserve to one mln barrels as one way to deal with the present and future impact of low oil prices on the domestic oil industry. U.S. policy now is to raise the strategic reserve to 750 mln barrels from its present 500 mln to help protect the ... | STUDY GROUP URGES INCREASED U.S. OIL RESERVES |
Oper shr profit 36 cts vs loss 1.48 dlrs Oper net profit 1353000 vs loss 5551000 Revs 11.3 mln vs 8142000 Year Oper shr profit 31 cts vs loss 1.58 dlrs Oper net profit 1165000 vs loss 5919000 Revs 38.0 mln vs 31.6 mln NOTE: Net includes pretax unusual gain 64000 dlrs vs loss 4744000 dlrs in quarter and losses 30077000 ... | K-TRON INTERNATIONAL INC <KTII> 4TH QTR NET |
Ford Motor Co has increased its U.S. production schedule for the second quarter by 52000 cars and 32000 trucks from previous plans the trade paper Wards Automotive Reports said. The paper which tracks industry production said Ford plans to build 485000 cars in the April-June period compared with 497000 a year ago. Ford... | FORD <F> INCREASES 2ND QTR OUTPUT PLANS -REPORT |
The Federal National Mortgage Association said it arranged a swap of 250-350 mln dlrs in stripped mortgage-backed securities with Shearson Lehman Brothers Inc. The exact amount of the swap will be determined later it said. Fannie Mae said the swap includes 15-year mortgages for Fannie Mae stripped mortgage-back securit... | FNMA <FNM> ARRANGES MORTGAGE SECURITIES SWAP |
MCI Communications Corp said it has received a contract to provide telecommunications services to J.C. Penney Co Inc to accomodate much of Penneys nationwide vboice and information transfer requirements via a privatge satellite network. It said video teleconferencing will be provided at five locations data will be tran... | MCI <MCIC> GETS PENNEY <JCP> CONTRACT |
Shr 1.65 dlrs vs 1.50 dlrs Net 5370000 vs 4901000 Rev 8.4 mln vs 7.8 mln NOTE: 1986 net gain from property investments 717000 dlrs or 22 cts per share vs 721000 dlrs or 22 cts per share. Reuter | PRESIDENTIAL REALTY CORP <PDO> ANNUAL NET |
Ford Motor Co has increased its U.S. production schedule for the second quarter by 52000 cars and 32000 trucks from previous plans the trade paper Wards Automotive Reports said. The paper which tracks industry production said Ford plans to build 485000 cars in the April-June period compared with 497000 a year ago. Ford... | FORD INCREASES 2ND QTR OUTPUT PLANS, REPORT SAYS |
Investor Sumner Redstone who leads one of the two groups vying for control of Viacom International Inc offered to sweeten his bid for the company by 1.50 dlrs a share cash and 1.50 dlrs in securities. In a filing with the Securities and Exchange Commission Redstone who controls Dedham Mass.-based National Amusements In... | REDSTONE DETAILS SWEETENED VIACOM <VIA> OFFER |
Montedison Spa <MONI.MI> said it has concluded its negotiations with Spanish pharmaceuticals company <Antibioticos SA>. A company spokesman told Reuters We have concluded the talks and we are now awaiting authorization from Spanish authorities. He declined to comment further. Earlier today the Italian company pos... | MONTEDISON CONCLUDES TALKS WITH ANTIBIOTICOS |
UtiliCorp United Inc said it completed the acquisition of West Virginia Power from Dominion Resources for about 21 mln dlrs. The sale was approved by the West Virginia Public Service Commission in January and became effective March one. West Virginias management will continue to be responsible for operating the utility... | UTILICORP <UCU> COMPLETES ACQUISITION |
Armco Inc said its former European Steel Mill Merchandising department has become a unit of the parents specialty steels division based in Butler. The unit newly named Specialty Steels-Europe is based in Cologne West Germany. It will market and sell in Europe the divisions U.S.-made products and specialty products made... | ARMCO <AS> CHANGES EUROPEAN MARKETING UNIT |
The Federal Aviation Administration fined Delta Air Lines Inc 140400 dlrs for alleged violations of federal air safety rules FAA officials said. The FAA had reviewed Delta safety and maintenance operations early last year as part of a series of special inspections of U.S. air carriers. The Delta fine is the smallest to... | FAA FINES DELTA <DAL> 140,400 DLRS ON SAFETY |
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