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French operators last Friday requested licences to export 10500 tonnes of free market maize 11950 tonnes of free market barley and 13000 of soft wheat flour to non-EC countries at prefixed daily (droit commun) rebates French trade sources said. The latest requests for the maize were for export to Switzerland Austria an... | TRADERS DETAIL FRENCH CEREAL EXPORT REQUESTS |
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 |
NCR Corps Personal Computer division said it signed an agreement to distrubute its personal computer products to 544 <Computerland Corp> stores in the U.S. The company said the agreement covers its entire PC line which will be sold by Computerland franchises Computerland Stores Inc and for major corporate bids throu... | NCR CORP <NCR> UNIT SIGNS DISTRIBUTION PACT |
Union Carbide Corp is looking to acquisitions and joint ventures to aid its chemicals and plastics growth according the H.W. Lichtenberger president of Chemicals and Plastics. Describing this as a major departure in the companys approach to commercial development he told the annual new business forum of the Commercial ... | CARBIDE <UK> LOOKS TO ACQUISITIONS FOR GROWTH |
Bank of America NT and SAs <BAC.N> West German branch said it is negotiating the sale of Bankhaus Centrale Credit AG a small local West German bank it acquired in 1965 and of its West German Visa credit card operation. Michael Seibel Bank of America vice-president and regional manager said the negotiations were proc... | CORRECTED - BANKAMERICA NEGOTIATING SALE OF UNITS |
Semi div 13 cts vs 18 cts prior Pay March 13 Record March Two Reuter | <FRANKLIN GOLD FUND> CUTS DIVIDEND |
Columbia Gas System Inc said it has formed Columbia Erie Pipeline Corp as a subsidiary to participate with Coastal Corps <CGP> ANR Pipeline Co in construction and operation of the Erie Pipeline System. As previously announced Columbia Gas and ANR Pipeline signed a letter of intent to form a partnership to construct ... | COLUMBIA GAS <CG> FORMS ERIE PIPELINE SUBIDIARY |
Mthly div 4.5 cts vs 4.5 cts prior Pay March 13 Record March Two Reuter | <FRANKLIN CALIFORNIA TAX-FREE INCOME FUND>PAYOUT |
Mthly div 3.6 cts vs 3.6 cts prior Pay March 13 Record March Two Reuter | <FRANKLIN AGE HIGH INCOME FUND> SETS PAYOUT |
R.J. Reynolds Tobacco Co a unit of R.J.R. Nabisco Inc <RJR> said it has formed an executive management committee to oversee the companys worldwide tobacco operations. Reynolds Tobacco said the committees members will be senior managers of Reynolds Tobacco Co R.J. Reynolds Tobacco USA and R.J. Reynolds International ... | R.J.R. NABISCO UNIT FORMS OVERSEEING COMMITTEE |
PETRO-CANADA CUT CRUDE PRICES BY 1.43 CANADIAN DLRS/BBL EFFECTIVE MARCH ONE | |
Mthly div 7.7 cts vs 7.7 cts prior Pay March 13 Record March Two Reuter | <FRANKLIN FEDERAL TAX-FREE INCOME FUND> PAYOUT |
Mthly div 7.3 cts vs 7.3 cts prior Pay March 13 Record March Two Reuter | <FRANKLIN NEW YORK TAX-FREE INCOME FUND> PAYOUT |
Mthly div six cts vs six cts prior Pay March 13 Record March Two Reuter | <FRANKLIN U.S. GOVERNMENT SECURITIES FUND>PAYOUT |
General Motors Corps GMAC Financial Services said it plans to offer 25 billion dlrs in pre-approved credit to more than two mln preferred customers in a nationwide direct mail campaign. The GM unit said the program is the largest automotive credit offer of its kind in history. GMAC Financial Services said the mailing w... | GM <GM> UNIT TO OFFER PRE-APPROVED CREDIT |
The Canadian government is expected to announce later this week its final ruling whether U.S. corn exports to Canada have injured Ontario corn growers U.S. government and farm group representatives said. The deadline for a final determination is March 7. U.S. officials said they are encouraged by the outcome in a simil... | CANADA RULING ON U.S. CORN INJURY DUE THIS WEEK |
Qtly div six cts vs six cts prior Pay April 28 Record March 31 Reuter | FIRST MISSISSIPPI CORP <FRM> SETS PAYOUT |
Dutch port and transport union FNV agreed to an employers request to reconvene abandoned peace talks tonight to try to end strikes that have disrupted Rotterdams general cargo sector for the past six weeks a union spokesman said. Talks broke down Thursday when the union walked out after employers tabled their final off... | ROTTERDAM PORT UNION AND EMPLOYERS TO MEET |
FED SETS 1.5 BILLION DLR CUSTOMER REPURCHASE, FED SAYS | |
The New York Stock Exchange said Airgas Inc declined to comment on its stock activity after a request for an explanation by the exchange. The companys stock was up 1-1/8 points to 11 dlrs. Reuter | AIRGAS <AGA> DECLINES TO COMMENT ON STOCK MOVES |
Qtly div 35 cts vs 35 cts prior Pay April One Record March 14 Reuter | JIM WALTER CORP <JWC> SETS PAYOUT |
The Federal Reserve entered the U.S. Government securities market to arrange 1.5 billion dlrs of customer repurchase agreements a Fed spokesman said. Dealers said Federal funds were trading at 6-3/16 pct when the Fed began its temporary and indirect supply of reserves to the banking system. Reuter | FED ADDS RESERVES VIA CUSTOMER REPURCHASES |
Sony (U.K.) Ltd said it would be doubling capacity at its Bridgend Wales television and components factory over the next three years in a 30 mln stg expansion. The expansion backed by Welsh office grants would make Bridgend Sonys biggest tv manufacturing plant in Europe with output of about 500000 tv sets per year a sp... | SONY TO EXPAND U.K. TELEVISION OUTPUT |
<Nippon Telegraph and Telephone Corp> (NTT) expects its profits to fall to 328 billion yen in the year ending March 31 1988 from a projected 348 billion this year the company said. Total sales for the same period are expected to rise to 5506 billion yen from a projected 5328 billion this year NTT said in a business ... | JAPAN'S NTT FORECASTS PROFITS FALL IN 1987/88 |
European Community steelmakers presented the Executive Commission with a controversial plan for the future of the industry which diplomats say it may be forced reluctantly to accept. Under the plan steel output would remain subject to restrictive quotas and imports would be firmly controlled for years to come while ste... | EC COMMISSION GIVEN PLAN TO SAVE STEEL INDUSTRY |
The London Stock Exchange said its ruling council has decided to close the trading floor for government bonds (gilts) and equities in due course because most of the business is now done between brokers offices. A trading floor for traded options will be retained. Dwindling activity on the exchange floor reflects the in... | LONDON STOCK EXCHANGE TO CLOSE TRADING FLOOR |
Eagle Telephonics Inc said it signed a two-year agreement under which Pacific Telesis Groups <PAC> Pacific Bell unit will buy its Eagle line of electronic key telephone systems for internal use. Terms of the contract were not disclosed. Reuter | EAGLE TELEPHONICS <EGLA> SELLS TELEPHONES |
Shr 10 cts vs 14 cts Net 531896 vs 727781 Revs 16.0 mln 16.8 mln Six mths Shr 30 cts vs 39 cts Net 1532431 vs 2000732 Revs 32.7 mln vs 34.5 mln Reuter | DURO-TEST CORP <DUR> 2ND QTR JAN 31 NET |
Qtly div 14 cts vs 14 cts prior Pay March 13 Record March Two Reuter | <FRANKLIN UTILITIES FUND> SETS PAYOUT |
Shr 67 cts vs 23 cts Net 5220000 vs 3143000 Revs 236.1 mln vs 256.2 mln Avg shrs 7.8 mln vs 13.7 mln Six Mths Shr 85 cts vs 59 cs Net 8919000 vs 8158000 Revs 483.8 mln vs 515.5 mln Avg shrs 10.4 mln vs 13.7 mln NOTE: Fiscal 1987 second quarter and first half earnings include a gain of 3.4 mln dlrs and exclude preferred... | GELCO CORP <GEL> 2ND QTR JAN 31 NET |
Qtly div 10 cts vs 8-1/3 cts prior Pay April 21 Record March 20 NOTE: Interchange Financial Services Corp. Reuter | INTERNCHANGE FINANCIAL SERVICES <ISBJ> PAYOUT UP |
Kapok Corp said it is in techical default of its loans from Southeast Banking Corp <STB> and Murray Steinfeld but is negotiating with the lenders. It said neither has declared the loans due. The company said it has agreed to sell the Peter Pan Restaurant in Urbana Md. for 1100000 dlrs or one mln dlrs after the payme... | KAPOK CORP <KPK> IN TECHNICAL DEFAULT |
Shr 11 cts vs 13 cts Net 1037690 vs 1270460 Sales 10.1 mln vs 9215836 Six Mths Shr 25 cts vs 31 cts Net 2319376 vs 2930507 Sales 21.2 mln vs 18.9 mln Reuter | NEWPORT CORP <NESP> 2ND QTR JAN 31 NET |
Shr loss 14 cts vs loss 21 cts Net loss 353000 vs loss 541000 Revs 2668000 vs 2525000 Avg shrs 24523000 vs 2552300 Reuter | KAPOK CORP <KPK> 1ST QTR DEC 31 LOSS |
Shr six cts vs four cts Net 383189 vs 241857 Revs 1506756 vs 793459 12 mths Shr 24 cts vs 15 cts Net 1520797 vs 929017 Revs 5268486 vs 2617995 Reuter | PREFERRED HEALTHCARE LTD <PHCC> 4TH QTR NET |
Qtly div 11 cts vs 11 cts prior Pay April 17 Record March 20 Reuter | TRANZONIC COS <TNZ> SETS QUARTERLY |
Neutrogena Corp said it may purchase up to 100000 shares of its outstanding common stock from time to time in the open market to reduce dilution from the future issue of employee stock options. The company said it currently has 9.2 mln shares outstanding. It said the shares that may be purchased and those currently out... | NUEUTROGENA <NGNA> TO BUY BACK STOCK |
Oper Shr loss 40 cts vs loss 10 cts Oper net loss 2136000 vs loss 467000 Revs 21.9 mln vs 12.9 mln 12 mths Oper shr loss 63 cts vs loss 30 cts Oper net loss 3499000 vs loss 1756000 Revs 82.0 mln vs 54.5 mln NOTE: Excludes income from discontinued operations of 1478000 vs 952000 for qtr and 31.2 mln vs 6500000 for year.... | CRONUS INDUSTRIES INC <CRNS> 4TH QTR LOSS |
Shr loss four cts vs loss one ct Net loss 413021 vs loss 163932 Revs 600971 vs 665800 Reuter | MERCURY ENTERTAINMENT CORP <MCRY> YEAR NOV 30 |
Directors of the Chicago Mercantile Exchange will meet Wednesday to consider a membership petition asking the exchange to tighten rules covering trading activities in the widely-popular Standard and Poors 500 Stock Index futures pit an exchange executive said. The petition calls for elimination of dual trading a legal ... | CME PLANS RULE CHANGES TIGHTENING S/P TRADING |
Net income 154.7 mln pesos vs 127.5 mln Operating revenues 4.42 billion vs 3.3 billion Operating profit 621.2 mln vs 203.4 mln Earnings per share 4.80 vs 3.95 NOTE: Company statement said gold operations contributed 74 pct of consolidated earnings. Reuter | BENGUET CORP <BE> CALENDAR 1986 |
Pogo Producing Co said it has consolidated its onshore and offshore Gulf Coast divisions into a Southern Division responsible for its onshore and offshore oil and gas exploration and development activities in the Gulf Coast and Gulf of Mexico areas. Reuter | POGO <PPP> CONSOLIDATES TWO DIVISIONS |
Unocal Corps Union Oil Co said it lowered its posted prices for crude oil one to 1.50 dlrs a barrel in the eastern region of the U.S. effective Feb 26. Union said a 1.50 dlrs cut brings its posted price for the U.S. benchmark grade West Texas Intermediate to 16 dlrs. Louisiana Sweet also was lowered 1.50 dlrs to 16.35 ... | UNOCAL <UCL> UNIT CUTS CRUDE OIL POSTED PRICES |
Panhandle Eastern Corps Trunkline Gas Co pipeline subsidiary said it is reducing the commodity component of its wholesale natural gas rate four pct effective immediately. In a filing with the Federal Energy Regulatory Commission Trunkline said it is reducing its commodity rate -- the portion of the total rate based on ... | PANHANDLE'S <PEL> TRUNKLINE REDUCES GAS RATES |
WEDGE Group Inc a Houston investment firm with a 5.5 pct stake in American Medical International Inc said it has had talks with Pesch and Co which is seeking control of the company. In a filing with the Securities and Exchange Commission WEDGE which is owned by Issam Fares a Lebanese citizen living in Switzerland also ... | INVESTOR GROUP HAS TALKS WITH PESCH ON AMI <AMI> |
Qtly div four cts vs four cts prior Pay March 27 Record March 13 Reuter | I.M.S. INTERNATIONAL INC <IMSI> SETS QUARTERLY |
Banner Industries Inc said 19.8 mln of the outstanding 20 mln shares in Rexnord Inc were tendered pursuant to its 26.25 dlr a share offer that closed at midnight EST Feb 27. Together with the five mln Rexnard shares it already owns the company said it now holds a 97 pct stake in the company. It said the completion of t... | BANNER <BNR> COMPLETES TENDER FOR REXNORD <REX> |
Qtly div 36 cts vs 36 cts prior Pay April one Record March 13 Reuter | MUTUAL OF OMAHA INTEREST SHARES <MUO> QTLY DIV |
Mobil Corps Mobil Chemical Cos subsidiary the worlds largest producer of disposable plastic products said it will enter the food packaging market. Mobil said it will begin making clear container food packaging for supermarkets and institutions in March and will sharply raise production in the fall to an annual rate of ... | MOBIL <MOB> UNIT TO PRODUCE FOOD PACKAGING |
Bank of America NT and SAs <BAC.N> West German branch said it is negotiating the sale of Bankhaus Centrale Credit AG a small local West German bank it acquired in 1965 and of its West German Visa credit card operation. Michael Seibel Bank of America vice-president and regional manager said the negotiations were proc... | CORRECTED - BANKAMERICA NEGOTIATING UNITS SALE |
OSR Corp said it has agreed to acquire the properties and assets of Telcom International Group for 10.5 mln common shares which would give former Telcom owners an 84 pct interest in the combined company. Telcom is an international film and television distributor. The assets being acquired consist mostly of distribution... | OSR <OSRC> TO MAKE ACQUISITION |
Mercury Entertainment Corp said it expects improved results in 1987. The company today reported a loss for the year ended November 30 of 413021 dlrs on revenues of 600971 dlrs compared with a loss of 163932 dlrs on revenues of 665800 dlrs a year before. Reuter | MERCURY ENTERTAINMENT <MCRY> SEES BETTER RESULTS |
Cronus Industries Inc said it agreed to sell its heat transfer equipment business Southwestern Engineering Co for a slight premium over book value plus a release of Cronus from liability on approximately three mln dlrs of subsidiary indebtedness. The company said the sale to a subsidiary of Senior Engineering Group PLC... | CRONUS INDUSTRIES INC <CRNS> SELLS UNIT |
Qtly div 65 cts vs 65 cts prior Pay May Seven Record April Seven Reuter | UNISYS CORP <UIS> SETS QUARTERLY |
Jacobson Stores Inc said its board voted a three-for-two stock split payble March 30 record March 13. In other action Jacobsons directors approved an increase in its quarterly dividend to 11 cts on a post split basis payable April 14 record March 30. The new dividend rate represents a 32 pct increase over the 12-1/2 ct... | JACOBSON <JCBS> VOTES SPLIT, INCREASES PAYOUT |
AW Computer Systems Inc said it signed an 850000 dlr agreement with TEC America Inc <TCK> to develop and supply intelligent cash register controllers. Under terms of the agreement AW Computer said it will design and manufacture intelligent controllers for resale by TEC worldwide. The company said the controller will... | AW COMPUTER <AWCSA> IN SUPPLY AGREEMENT |
Oper shr 18 cts vs 51 cts Oper net 1048000 vs 1870000 Revs 72.2 mln vs 73.5 mln Avg shrs 5910000 vs 3680000 Year Oper shr 82 cts vs 72 cts Oper net 4307000 vs 2637000 Revs 295.3 mln vs 287.5 mln Avg shrs 5235000 vs 3680000 NOTE: Results exclude one-time gains of 223000 or four cts and 564000 or 11 cts for 1986 qtr and ... | HARLEY-DAVIDSON INC <HDI> 4TH QTR NET |
Hoechst AG of West Germany said it has completed the acquisition of Celanese Corp. Hoechst acquired a majority of Celanese shares in a recent tender offer at 245 dlrs per common share. Reuter | <HOECHST AG> COMPLETES CELANESE <CZ> ACQUISITION |
Americus Trust for American Home Products Shares said it extended its deadline for accepting tendered shares until November 26 an extension of nine months. The trust which will accept up to 7.5 mln shares of American Home Products <AHP> said it has already received tenders for about four mln shares. The trust is man... | AMERICUS TRUST <HPU> EXTENDS DEADLINE |
Shr 59 cts vs 48 cts Net 3244000 vs 2584000 Revs 169.3 mln vs 156.0 mln 12 mths Shr 1.78 dlrs vs 1.32 dlrs Net 9733000 vs 7164000 Revs 585.6 mln vs 541.0 Reuter | MORSE SHOE INC <MRS> 4TH QTR NET |
Benetton Group Spa <BTOM.MI> said it reached agreement with textiles concern GFT-Gruppo Finanziario Tessile Spa for a joint venture in the financial services sector. A Benetton spokeswoman said details of the accord would be outlined at a news conference on Thursday in Milan. The Italian clothing group has targeted ... | BENETTON IN FINANCIAL SERVICES JOINT VENTURE |
Talks at the extended special meeting of the International Coffee Organization (ICO) on the reintroduction of export quotas continued but chances of success were still almost impossible to gauge delegates said. Producer delegates were meeting to examine a Colombian proposal to resume historical quotas from April 1 to S... | ICO QUOTA TALKS CONTINUE, OUTCOME HARD TO GAUGE |
The staff of the federal Securities and Exchange Commission (SEC) plans to recommend that the Washington Public Power Supply System (WPPSS) be charged with securities fraud in connection with its July 1983 default on 2.25 billion dlrs of bonds a WPPSS official told Reuters. WPPSS attorney Ron English said the system wa... | SEC STAFF ADVISES FRAUD CHARGES AGAINST WPPSS |
<Pacific Western Airlines Corp> said it integrated the senior management of Pacific Western and recently acquired Canadian Pacific Air Lines Ltd in preparation for the companies merger this summer. Pacific Western said it appointed president and chief executive Rhys Eaton as chairman and chief executive in the new m... | PACIFIC WESTERN FUSES MANAGEMENT WITH CP AIR |
Amgen Inc said it signed a letter of intent for an estimated 75 mln dlr research and development limited partnership to fund the clinical investigation of certain pharmaceutical products currently under development. Neither terms of the arrangement nor the products covered by the partnership were disclosed but Amgen sa... | AMGEN <AMGN> TO FORM PARTNERSHIP |
Benetton Group Spa [BTOM.MI] said it reached agreement with textiles concern [GFT-Gruppo Finanziario Tessile Spa] for a joint venture in the financial services sector. A Benetton spokeswoman said details of the accord would be outlined at a news conference on Thursday in Milan. The Italian clothing group has targeted f... | BENETTON IN FINANCIAL SERVICES JOINT VENTURE |
The Association of International Bond Dealers AIBD said it will cooperate with major clearing agencies Cedel and Euroclear on a eurobond trade confirmation and matching system to come into force by September this year. The system designed to give market participants a fast and reliable way of checking whether transacti... | AIBD, CEDEL, EUROCLEAR JOIN IN TRADE MATCH SYSTEM |
Zapata Corp said it does not intend to pay the interest due March 15 on its 10-1/4 pct subordinated debentures due 1997 or the interest due May One on its 10-7/8 pct subordinated debentures due 2001. Zapata said the results of continuing discussions with its bank lenders and the companys future financial position will ... | ZAPATA <ZOS> WON'T PAY INTEREST ON DEBENTURES |
Shr 24 cts vs 1.20 dlrs Net 5.8 mln vs 20.2 mln Revs 193.5 mln vs 107.0 mln Avg shrs 16.4 mln vs 12.3 mln NOTE: 1987 net includes tax credits equal to 18 cts. 1986 net includes tax credits of 17 cts and a gain of 1.16 dlrs from a change in accounting for pensions. Periods end January 31 1987 and 1986 respectively. Reut... | HARNISCHFEGER INDUSTRIES INC <HPH> 1ST QTR NET |
Bryson Oil and Gas Plc a Belfast Northern Ireland oil company said it has acquired an 8.5 pct stake in Cynergy Corp and took steps to help it consider the possibility of seeking control or influencing the company. In a filing with the Securities and Exchange Commission in which it disclosed its stake Bryson said it als... | IRISH OIL CONCERN HAS 8.5 PCT OF CYNERGY <CRG> |
ALCAN ALUMINIUM LTD SETS THREE FOR TWO STOCK SPLIT | |
Shr 92 cts vs 83 cts Net 30.8 mln vs 27.5 mln Sales 1.40 billion vs 1.32 billion Year Shr 3.00 dlrs vs 2.57 dlrs Net 184.8 mln vs 154.8 mln Sales 5.38 billion vs 5.06 billion Reuter | ALBERTSON'S INC <ABS> 4TH QTR JAN 29 NET |
Qtly div six cts vs five cts Net 188000 vs 130000 Sales 12.2 mln vs 10.1 mln Avg shrs 3029930 vs 2764544 Year Shr 81 cts vs 1.45 dlrs Net 2463000 vs 3718000 Sales 52.4 mln vs 47.5 mln Avg shrs 3029930 vs 2566680 NOTE: 1985 year net includes gain 500000 dlrs frol life insurance on deceased director. 1985 quarter net inc... | U.S. INTEC INC <INTK> 4TH QTR NET |
Franklin Resources Inc said it formed three mutual funds that free Pennsylvania residents of taxes levied by the states counties on stocks bonds and mutual fund shares. The funds include the Franklin Pennsylvania Investors U.S. Government Securities Fund which invests in Ginnie Mae securities and the Franklin Pennsylva... | FRANKLIN RESOURCES <BEN> FORMS THREE FUNDS |
Qtly div 48 cts vs 44 cts prior Pay May One Record April One Reuter | CINCINNATI BELL INC <CSN> RAISES QUARTERLY |
Cincinnati Bell Inc said its board declared a two-for-one stock split subject to two thirds approval at the annual meeting on April 20 of an increase in authorized common shares to 120 mln from 60 mln. It said the split would be payable May 20 to holders of record May Five. Reuter | CINCINNATI BELL <CSN> SETS STOCK SPLIT |
BRT Realty Trust said it raised its quarterly dividend to 50 cts a share from the 42 cts paid in the previous quarter. It said the dividend is payable March 31 to shareholders of record March 17. BRT also said it filed a registration statement with the Securities and Exchange Commission for the public offering of 1.2 m... | BRT REALTY TRUST <BRT> RAISES QUARTERLY PAYOUT |
Universal Health Realty Income Trust which recently went public said its board has declared an initial quarterly dividednd of 33 cts per share payable MArch 31 to holders of record March 16. Reuter | UNIVERSAL HEALTH REALTY <UHT> IN INITIAL PAYOUT |
Shr six cts vs 12 cts Net 132151 vs 261560 Revs 622909 vs 9684287 1st half Shr nine cts vs 24 cts Net 204765 vsd 539769 Revs 1181424 vs 1867892 Reuter | QED EXPLORATION INC <QEDX> 2ND QTR JAN 31 NET |
Shr 24 cts vs 15 cts Net 1520797 vs 929017 Revs 5268486 vs 2617995 Reuter | PREFERRED HEALTH CARE LTD <PHCC> YEAR DEC 31 NET |
Oper shr one ct vs one ct Oper net 147000 vs 40000 Revs 13.5 mln vs 14.1 mln Year Oper shr five cts vs 20 cts Oper net 621000 vs 2274000 Revs 54.3 mln vs 56.0 mln NOTE: 1986 net excludes tax credits of 60000 dlrs in quarter and 218000 dlrs in year. Results reflect acceleration of depreciation on certain classes of mini... | AOI COAL CO <AOI> 4TH QTR NET |
The Association of International Bond Dealers AIBD said it will cooperate with major clearing agencies Cedel and Euroclear on a eurobond trade confirmation and matching system to come into force by September this year. The system designed to give market participants a fast and reliable way of checking whether transacti... | AIBD, CEDEL, EUROCLEAR JOIN IN TRADE MATCH SYSTEM |
Western Digital Corp said it signed a licensing agreement under which it will sell an electronic mail software package from <Consumers Software> Gilroy Calif. Western Digital said the software package named Network Courier allows computer users operating on a local area network to exchange messages and files without... | WESTERN DIGITAL <WDC> ADDS E-MAIL PACKAGE |
Midway Airlines Inc said will begin to serve several new cities in the United States this year starting April five with new flights to Atlanta from Chicago. The carrier will fly three daily Atlanta flights out of Chicagos Midway Airport using two new airplanes and aircraft acquired from KLM. Reuter | MIDWAY <MDWY> TO EXPAND SERVICE |
Foothill Group Inc said its Foothill Capital Corp unit arranged the private placement of 23 mln dlrs in senior debt and 27 mln in senior subordinated debt. The senior and senior subordinated debt was purchased by institutional lenders and will bear interest at 9.4 pct and 10.15 pct respectively Foothill said. It said c... | FOOTHILL <GFI> ARRANGES DEBT PLACEMENT |
Shr eight cts vs one ct Net 399000 vs 44000 Sales 9603000 vs 7107000 Six Mths Shr 10 cts vs one ct Net 503000 vs 69000 Sales 17.3 mln vs 13.8 mln Reuter | KEVEX CORP <KEVX> 2ND QTR JAN 31 NET |
Western Union said John Pope Jr has been elected president of the telegraph company and executive vice president of the corporation. Western Union said Pope formerly the executive vice president of the company succeeds Robert Leventhal. The company said Leventhal will remain chairman and chief executive officer of the ... | WESTERN UNION <WU> NAMES NEW PRESIDENT |
Shr 40 cts vs 30 cts Net 1408000 vs 1038000 Sales 35.2 mln vs 31.6 mln NOTE: Results restated for change to FIFO inventory accounting from LIFO which reduced 1985 net 192000 dlrs or five cts a share. Reuter | NORTH ATLANTIC INDUSTRIES INC <NATL> YEAR NET |
<Churchill Communications Corp> said it signed an agreement under which it will sell and service Western Union Corps telex electronic mail and long distance services to customers not directly assigned to Western Union representatives. Churchill a privately held firm that processes electronic mail services said the a... | CHURCHILL TO MARKET WESTERN UNION <WU> SERVICES |
Combustion Engineering Inc said it won a contract worth more than 50 mln dlrs for parts and services for a 600 megawatt coal-fired power plant run by the China National Technical Import Corp. It said it will supply plant engineering steam generator components and air quality control systems. Initial delivery is set for... | COMBUSTION ENGINEERING <CSP> SETS CHINA PACT |
Alcan Aluminium Ltd said its board declared a three-for-two stock split subject to shareholder approval at the April 23 annual meeting. The company said the split would be payable to shareholders of record on May Five and the split would take effect at the close of business on that date. New certificates will be issued... | ALCAN ALUMINIUM LTD <AL> SETS STOCK SPLIT |
Shr 10 cts vs nine cts Net 388000 vs 328000 Sales 7.1 mln vs 4.1 mln Avg shrs 4066309 vs 3688890 Year Shr 37 cts vs 30 cts Net 1415000 vs 955000 Sales 27 mln vs 13.1 mln Avg shrs 3849659 vs 3133446 Reuter | BUFFETS INC <BOCB> 4TH QTR NET |
STANDARD OIL SETS 154 MLN SWISS FRANC NOTE WITH 3-1/4 PCT COUPON AND CURRENCY WARRANTS | |
Shr 38 cts vs 26 cts Net 4955000 vs 3444000 Revs 81.7 mln vs 59.3 mln 12 mths Shr 1.41 dlrs vs 80 cts Net 18.6 mln vs 10.5 mln Revs 286.4 mln vs 242.8 mln Reuter | STANDARD MOTORS PRODUCTS INC <SMP> 4TH QTR NET |
Commercial Credit Co said it has completed the sale of its domestic vehicle leasing unit McCullagh Leasing Inc the New England Merchants Leasing Corp for an after-tax gain of 17 mln dlrs. Commercial Credit said it received 68 mln dlrs and the repayment of 250 mln dlrs in debt for McCullagh. It said its Canadian vehicle... | COMMERCIAL CREDIT <CCC> TO HAVE GAIN ON SALE |
Shr 32 cts vs five cts Net 2362000 vs 384000 Revs 29.5 mln vs 31.2 mln Year Shr 66 cts vs 18 cts Net 4869000 vs 1336000 Revs 119.2 mln vs 120.2 mln NOTE: Net includes tax credits of 963000 dlrs vs 720000 dlrs in quarter and 613000 dlrs vs 1460000 dlrs in year. Year net includes gains on sale of assets of 35 cts shr vs ... | AIR WIS SERVICES INC <ARWS> 4TH QTR NET |
OPEC president Rilwanu Lukman accused oil market manipulators of drawing down their own stocks and spreading rumours to give the impression OPEC was breaking its 15.8 mln barrels per day output ceiling set last December. Lukman told reporters the aim was to pull prices below the 18 dlrs per barrel reference level set b... | OPEC PRESIDENT SAYS OIL MARKET BEING MANIPULATED |
Shr 30 cts vs 36 cts Net 1914388 vs 1906095 Sales 58.7 mln vs 40.6 mln Six mths Shr 47 cts vs 53 cts Net 2961718 vs 2817439 Sales 107.6 mln vs 74.9 mln Avg shrs 6342353 vs 5342353 Reuter | ARBOR DRUGS INC <ARBR> 2ND QTR JAN 31 NET |
Epitope Inc said its board of directors has authorized a three-for-one common stock split for which shareholder approval is expected in the next two weeks. The company announced a two-for-one split last week but said the board reconvened and agreed to change it to a three-for-one split. Epitope is involved in the produ... | EPITOPE <EPTO> SETS THREE FOR ONE STOCK SPLIT |
AMC SAYS STEPS BEING TAKEN TO BUILD NEW JEEP AT ALTERNATE SITE AFTER UAW TALKS FAIL |
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