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Mthly div 6.1 cts vs 6.1 cts prior Pay March 31 Record March 16 NOTE: Franklin Ohio Insured Tax-Free Income Fund. Reuter | FRANKLIN OHIO INSURED TAX-FREE SETS PAYOUT |
Mthly div 7.1 cts vs 7.1 cts prior Pay March 31 Record March 16 NOTE: Franklin High-Yield Insured Tax-Free Income Fund. Reuter | FRANKLIN HIGH-YIELD TAX-FREE SETS PAYOUT |
Convergent Technologies Inc said it has reached an agreement in principle to buy Oakleaf Corp which supplies finance insurance and leasing computers to auto dealers. The transaction will involve an exchange of Oakleaf stock for cash and debt and is subject to a definitive agreement the companys said. No other terms wer... | CONVERGENT TECHNOLOGIES <CVGT> TO BUY OAKLEAF |
The New York Mercantile Exchange set April one for the debut of a new procedure in the energy complex that will increase the use of energy futures worldwide. On April one NYMEX will allow oil traders that do not hold a futures position to initiate after the exchange closes a transaction that can subsequently be hedged ... | NYMEX WILL EXPAND OFF-HOUR TRADING APRIL ONE |
CCR Video Corp said it is now current in its filing requirements with both the Securities and Exchange Commission and NASDAQ and meets the trading systems net worth requirements. The company reported a first quarter ended November 30 profit of 156726 dlrs compared to a year earlier loss of 776000 dlrs. CCR also said it... | CCR VIDEO <CCCR> NOW MEETS NASDAQ REQUIREMENTS |
Rospatch Corp said it will have a news release later in response to todays acquisition bid by Diagnostic Retrieval Systems Inc for 22 dlrs a share. Rospatch earlier requested its stock be halted in over the counter trading last trade 24-1/8. Diagnostic said its bid was for a total 53 mln dlrs through a cash tender offe... | ROSPATCH <RPCH> TO RESPOND TO DIAGNOSTIC <DRS> |
Qtly dividend 12-1/2 cts vs 12-1/2 cts Pay March 31 Record March 16 Reuter | GREEN TREE ACCEPTANCE INC <GNT> SETS DIVIDEND |
Argentine crude oil production was down 10.8 pct in January 1987 to 12.32 mln barrels from 13.81 mln barrels in January 1986 Yacimientos Petroliferos Fiscales said. January 1987 natural gas output totalled 1.15 billion cubic metrers 3.6 pct higher than 1.11 billion cubic metres produced in January 1986 Yacimientos Petr... | ARGENTINE OIL PRODUCTION DOWN IN JANUARY 1987 |
ROSPATCH CORP REJECTS OFFER FROM DIAGNOSTIC RETRIEVAL SYSTEMS INC | |
U.S. drilling activity continued to slow last week as the number of active rotary rigs fell by 38 to a total of 801 against 1248 working rigs one year ago Hughes Tool Co said. Most of the decrease came among rigs used for onshore drilling which dropped to a total of 707 from last weeks 744. A total of 77 rigs were acti... | HUGHES' U.S. RIG COUNT SLIPS TO 801 THIS WEEK |
Utilization of offshore mobile rigs in the Gulf of Mexico declined by 0.7 pct during the past week to 35.6 pct reflecting a decrease of two working rigs Offshore Data Services said. The total number of working rigs fell to 83 for the week compared to 85 last week and 134 rigs one year ago. Offshore Data Services said t... | GULF OF MEXICO RIG COUNT FALLS THIS WEEK |
North American Group Ltds North American Acquisition Corp said it has a definitive agreement to buy 100 pct of Pioneer Business Group Inc of Atlanta. Terms of the acquisition were not disclosed. Closing of the acquisition is scheduled for April. North American Acquisition said the agreement is subject to due diligence ... | NORTH AMERICAN GROUP <NAMG> BUYS GEORGIA FIRM |
CANADA PLANS 4-PART 1.2 BILLION DLR BOND ISSUE TUESDAY - OFFICIAL | |
A bidding war for Viacom International Inc one of the largest U.S. entertainment companies pitted a management group and other investors against National Amusements Inc a closely held theater operator. Both sides raised their bids over the weekend. A source close to the management side insisted that timing was on his s... | TALKING POINT/VIACOM INTERNATIONAL <VIA> |
Oper shr five cts vs 29 cts Oper net 151000 vs 867000 Revs 12.7 mln vs 14.1 mln Year Oper shr 87 cts vs 52 cts Oper net 2650000 vs 1565000 Revs 54.7 mln vs 49.1 mln Note: oper data does not include 4th qtr 1986 extraordinary credit of 14000 dlrs or 4th qtr 1985 extraordinary loss of 139000 dlrs or five cts per shr. For... | UP-RIGHT INC <UPRI> 4TH QTR OPER NET |
Canada will offer a 1.2 billion dlr four-part bond issue tomorrow which will be dated March 15 and delivered March 16 the finance department said. The issue will consist of four maturities: - 8 pct bonds due July 1 1990 - 8-1/4 pct bonds due March 1 1994 - 8-1/4 pct bonds due March 1 1997 - 8-1/2 pct bonds due June 1 2... | CANADA LAUNCHES 1.2 BILLION DLR BOND ISSUE |
U.S. electronic companies sales last year totalled 226.5 billion dlrs slightly below the 228.7 billion dlrs reported in 1985 the American Electronic Association said. Despite the decline the fourth-quarter total of 61.1 billion dlrs matched the industry record for the same period of 1984 the AEA said. AEA senior vice p... | U.S. ELECTRONIC SALES FLAT IN 1986 |
Canadas decision to raise the issue of a free trade pact with the U.S. was a sign of what many see as a new spirit of Canadian self-confidence a public policy study group said It suggests the Canada of the immediate post-war period when it was a major player in the process of building a postwar world the Washington-bas... | TALKS SHOW NEW CANADIAN CONFIDENCE, GROUP SAYS |
The Pension Benefit Guaranty Corp a federal agency said it took action to protect pensions of employees and retirees of Kaiser Steel Corp which filed for bankruptcy reorganization last month. The agency said it entered into an agreement to terminate the Kaiser plan and was appointed its trustee. It said that Kaiser ret... | U.S. ACTS TO PROTECT KAISER STEEL RETIREES |
Daiwa Securities Co Ltd said it will provide Financial News Network <FNNI> with an exclusive daily market update from Tokyo. The report can be seen on FNNs World Business Update the company said. Daiwa Securities said the new program describes major business developments around the world using videotaped news and fe... | <DAIWA SECURITIES CO> TO SUPPLY MARKET UPDATE |
UAL Incs United Airlines was accused in a congressional hearing today of locking blacks out of key jobs but the company said it had made tremendous progress in minority hiring. The issue was aired during a hearing of a House Government Operations subcommittee whose chairman Rep. Cardiss Collins called the treatment of ... | UAL <UAL> UNIT ATTACKED ON MINORITY HIRING |
Shr 24 cts vs 21 cts Pay May 25 Record May eight Reuter | ALBERTSON'S INC <ABS> RAISES QTLY DIVIDEND |
Chemical Bank the main subsidiary of Chemical New York Corp is closing its representative office in Dubai United Arab Emirates a spokeswoman said in response to an enquiry. She said the decision to close the office was made as a result of changes in Chemicals regional customer base and to improve efficiency by centrali... | CHEMICAL NEW YORK <CHL> TO CLOSE DUBAI OFFICE |
<Wavehill International Ventures Inc> said it has agreed to acquire Personal Computer Rental Corp of Coral Gables Fla. in a transaction in which shareholders of Personal Computer will receive shares respresenting about a 25 pct interest in the combined company. The company said it will have about two mln shares outs... | WAVEHILL INTERNATIONAL TO MAKE ACQUISITION |
Security Pacific Corp said it completed its planned merger with Diablo Bank following the approval of the comptroller of the currency. Security Pacific announced its intention to merge with Diablo Bank headquartered in Danville Calif. in September 1986 as part of its plan to expand its retail network in Northern Califo... | SECURITY PACIFIC <SPC> COMPLETES MERGER |
Pall Corp said sales in the second quarter rose about 17 pct to 94 mln dlrs from 80 mln dlrs a year ago bringing sales for the six months to 174.6 mln dlrs up 16 pct from 150.3 mln dlrs. Orders in the quarter ended Jan 31 rose about 15 pct to 101.1 mln dlrs and 13 pct to 189.6 mln dlrs in the six months. Reuter | PALL CORP <PLL> 2ND QTR SALES RISE 17 PCT |
J.P. Industries Inc said it has formed two operating groups to serve major markets in its transportation components business -- an Engine Products Group to serve original equipment manufacturers and an Automotive Aftermarket Group to serve repair market customers. The company said senior vice president Gareth L. Reed h... | J.P. INDUSTRIES <JPI> FORMS TWO OPERATING GROUPS |
Shr six cts vs five cts Net 188000 vs 130000 Revs 12.2 mln vs 10.1 mln Avg shrs 3029930 vs 2764544 12 mths Shr 81 cts vs 1.45 dlrs Net 2463000 vs 3718000 Revs 52.4 mln vs 47.5 mln Avg shrs 3029930 vs 2566680 NOTE: net for 1985 includes 500000 or 20 cts per share for proceeds of a life insurance policy. includes tax ben... | U.S. INTEC INC <INTK> 4TH QTR NET |
Lodgistix Inc said its board authorized a program for the company to purchase up to 100000 of its shares from time to time. The company said the shares will be used for general purposes including incentive programs. Reuter | LODGISTIX <LDGX> TO BUYBACK 100,000 SHARES |
Imperial Chemical Industries PLC the largest chemical company in the United Kingdom will expand its specialty chemicals and drug businesses this year and better its 1986 results said chairman-elect Denys Henderson. We expect to shift our company toward higher value-added businesses and continue to broaden our base Hend... | ICI <ICI> SEEKS GAINS IN SPECIALTY BUSINESSES |
Oper shr profit six cts vs loss 20 cts Oper net profit 734000 vs loss 2312000 Revs 16.8 mln vs 13.9 mln Year Oper shr profit 30 cts vs profit three cts Oper net profit 33420000 vs profit 318000 Revs 67.5 mln vs 52.6 mln NOTE: Excludes loss of 41000 dlrs or nil vs gain 7000 dlrs or nil in qtr and gain 247000 dlrs or two... | INT'L HYDRON CORP <HYD> 4TH QTR OPER NET |
Albertsons Inc said its board has adopted a stockholder rights plan intended to protect them in the event of any proposed takeover of the company. Under the plan stockholders will receive a dividend distribution of one right for each share of common stock held on March 23. The rights are exercisable ten days after a pe... | ALBERTSON'S <ABS> ADOPTS STOCKHOLDER RIGHTS PLAN |
Rospatch Corp said it rejected a proposal by Diagnostic Retrieval Systems Inc to acquire its stock at 22 dlrs a share. Rospatchs board believes that the long term interests of its shareholders will be best served by continuing as an independent public company at this time the company said in response to an unsolicited ... | ROSPATCH <RPCH> REJECTS DIAGNOSTIC <DRS> BID |
Shr profit six cts vs loss 4.51 dlrs Net profit 815167 vs loss 12955562 Revs 7981022 vs 2954488 Year Shr profit 16 cts vs loss 7.22 dlrs Net profit 2446100 vs loss 19175931 Revs 23.6 mln vs 14.6 mln Reuter | SYNTECH INTERENATIONAL INC <SYNE> 4TH QTR NET |
International Minerals and Chemical Corp said it completed its acquisition of Johnson and Johnson Cos Pitman-Moore unit a producer of animal health products. Terms of the acquisition were not disclosed. International Minerals and Chemical said annual sales of the unit are about 45 mln dlrs. Pitman-Moore makes health pr... | INT'L MINERALS <IGL> BUYS ANIMAL PRODUCTS UNIT |
JWT Group Inc has not been approached by former Ted Bates Worldwide Chairman Robert Jacoby about the possibility of a syndicate buying a 35 pct stake in JWT Group on a friendly basis a company spokesman said. He said JWT would have no comment on an Advertising Age report that Jacoby is considering heading up a venture ... | JWT <JWT> NOT APPROACHED BY GROUP SEEKING SHARES |
The United Auto Workers said it is willing to enter renewed negotiations to end the impasse between American Motors Corp and two UAW locals in Wisconsin. American Motors earlier said it broke off talks with the UAW on a new labor contract for its plant at Kenosha Wis. The companys move came after its latest contract of... | UAW WANTS TO REVIVE AMERICAN MOTORS <AMO> TALKS |
Banc One Corp said the First National Bank of Fenton has become Bank One Fenton bringing the number of its affiliates to three in Michigan. Reuter | BANC ONE <ONE> HAS MICHIGAN AFFILIATE |
Shr loss 18 cts vs loss one ct Net loss 1343000 vs loss 49000 Revs 6778000 vs 1976000 Year Shr loss 67 cts vs loss ten cts Net loss 4693000 vs loss 672000 Revs 14.0 mln vs 7034000 Note: 1986 loss included one-time loss of 3624000 dlrs on write-off of certain silver oil and gas interests. Reuter | COEUR D'ALENE MINES CORP <COUR> 4TH QTR LOSS |
Brazilian Finance Minister Dilson Funaro flatly rejected a U.K. Suggestion that his country seek International Monetary Fund help in order to facilitate debt negotiations with commercial creditor banks. Talking to reporters Funaro said this attitude would not help resolve the crisis started when Brazil suspended indefe... | FUNARO REJECTS UK SUGGESTION OF IMF BRAZIL PLAN |
Foote Mineral Co said it signed a letter of intent with Shieldalloy Corp a wholly-owned subsidiary of <Metallurg Inc> for the sale of its Cambridge Ohio business. The company said the sale which will be explained in greater detail after the definitive agreement has been signed is part of Footes previously-announced ... | FOOTE MINERAL <FTE> SELLS CAMBRIDGE PLANT |
All major grain producing countries must do their part to help reduce global surpluses and the recent Australian farm policy proposals are flawed two U.S. wheat organizations said. The recent Australian proposals were a good starting point for discussions but we do not want the Australians to feel they are alone in dev... | U.S. WHEAT GROUPS CALL FOR GLOBAL ACTION |
Gelco Corp said that excluding the effects of a restructuring plan it expects pre-tax operating earnings for the year to end July 31 1987 to be about the same as those of last year. For the year ended July 31 1986 Gelco reported pre-tax operating earnings of 14.8 mln dlrs or 1.08 dlrs a share. However final results wil... | GELCO <GEL> SEES FLAT 1987 PRETAX OPERATING NET |
Defense Secretary Caspar Weinberger ordered an increase in cost-of-living allowances for many U.S. military personnel abroad because of the decreased value of the dollar against foreign currencies the Pentagon said. The allowances are expected to rise between 10 and 20 per cent in many areas beginning this month the Pe... | U.S. TROOPS GET COST-OF-LIVING INCREASE |
UtiliCorp United Inc said it has closed the previously announced acquisition of West Virginia Power from Dominion Resources Inc for about 21 mln dlrs. Reuter | UTILICORP <UCU> ACQUIRES DOMINION <D> SUBSIDIARY |
Daisy Systems Corp said it has introduced a line of computer-aided engineering workstations. The workstation family includes the Personal Logician 386 the Logician 386 and the Personal Logicial 286. The Personal Logician 386 is a desktop 32-bit IBM Personal Computer AT-compatible workstation base priced at 20000 dlrs. ... | DAISY SYSTEMS <DAZY> INTRODUCES WORKSTATIONS |
Western Tele-Communications Inc said that through its subsidiary Westlink Inc it has joined Netlink USA a general partnership consisting of Telluride Cablevision Inc and McCaw Satellite Programming Investments Inc. Western said it will act as a 40 pct investor converting its cable television signals to satellite distri... | WESTERN TELE-COMMUNICATIONS <WTLCA> JOINS GROUP |
Chicago physician LeRoy Pesch said he has had discussions with several American Medical International Inc shareholders and sees support for a restructuring of the company. Pesch said he has discussed his sweetened 1.91 billion dlr takeover bid for American Medical with several large shareholders including the biggest i... | PESCH SEES SHAREHOLDER SUPPORT IN AMI <AMI> BID |
Marvin Warner and two fellow officers of the former Home State Savings Bank were convicted on charges connected with the collapse of Home State. Warner the owner of Home State was found guilty of six counts of performing unauthoriazed acts -- investing some Home State money without authorization from the board of direc... | THREE CONVICTED IN HOME STATE FAILURE |
<Video Shopping Mall Inc> said it signed WJTC-TV Pensacola Fla to carry its self-improvement and specialized business opportunity programs. Video Shopping said the station carried over UHF channel 44 in the Pensacola area reaches about 120000 households. Reuter | VIDEO SHOPPING MALL ADDS FLORIDA STATION |
<National Early Warning Systems Inc> said it has offered to purchase <Omega Ballistics Systems Inc> for an undisclosed amount of cash stock and notes. Valley Cottage N.Y. based Omega is a developer and designer of lightweight custom-crafted ballistic assault flame and fire resistant paroducts. Reuter | NATIONAL EARLY WARNING SEEKS OMEGA BALLISTICS |
United Merchants and Manufactuerers Inc said its board has authorized the repurchase of up to one mln shares of the companys common stock. The company now has about 9.1 mln shares outstanding. It said the stock will be acquired from time to time on the open market depending on market conditions and other factors. The n... | UNITED MERCHANTS <UMM> TO BUY ITS OWN STOCK |
Westinghouse Electric Corp said it agreed in principle to form a joint venture in factory automation with Matsushita Electric Industrial Co Ltd of Japan. The company said the venture aims to combine Matsushitas experience in high-volume electronics manufacturing and Westinghouses knowledge of computer integrated manufa... | WESTINGHOUSE <WX>, MATSUSHITA <MC> SET VENTURE |
Efforts to break an impasse between coffee exporting and importing countries over regulating the world coffee market in the face of falling prices appear to have failed senior delegates said after a contact group meeting. The full ICO council is due to meet this evening. President of the Brazilian Coffee Institute (IBC... | SENIOR DELEGATES PESSIMISTIC ON ICO TALKS |
EDO Corp said McDonnell Aircraf Co has invoked its 1987 production option calling for ejection release units for the F-15E aircraft. The company said the contract is not to exceed 10.1 mln dlrs and will be handled by its government systems division in College Point N.Y. The company said the contract is a follow up to t... | EDO CORP <EDO> UNIT WILL BUILD AIRCRAFT PARTS |
Shr 16 cts vs 22 cts Net 1226597 vs 1327016 Revs 6598580 vs 5921828 Reuter | GLAMIS GOLD LTD <GLGVF> SIX MTHS DEC 31 NET |
Coastal Bancorp said the U.S. Federal Reserve Board approved the acquisition of Coastal by Suffield Financial Corp <SSBK>. The acquisition still requires approval from the Banking Department in Maine the company noted. Reuter | U.S. APPROVES BUYOUT OF COASTAL BANCORP <CSBK> |
Qtr ended Dec 31 Shr profit nil vs loss nil Net profit 858 vs loss 3957 Revs 7372 vs 1500 Reuter | LITTLE PRINCE PRODUCTIONS LTD<LTLP>1ST QTR LOSS |
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 |
 CORRECTION - THREE CONVICTED IN HOME STATE TRIAL In the CINCINNATI item headlined THREE CONVICTED IN HOME STATE FAILURE please read in the second and subsequent paragraphs... Warner the owner of Home State was found guilty of six counts of willful misapplication of funds and three counts of securities violations i... | |
Vanguard Technologies International Inc said it was awarded a 2.2 mln dlr contract from the Office of the Secretary of Defense to provide facilities management services. Under the one-year contract which also has two one-year optional performance periods the company said it will provide local area network operations co... | VANGUARD TECHNOLOGIES <VTI> WINS CONTRACT |
AMCA International Ltd said it finalized agreement to sell certain assets and inventories of its Dominion Bridge steel service center operations to <Federal Industries Ltd>s Russelsteel Inc unit. Terms were undisclosed. It said the sale involved assets and operations of the general line of steel service centers in T... | AMCA <AIL> TO SELL SOME DOMINION BRIDGE ASSETS |
<Condor Computer Corp> said it is offering a 3.5-inch floppy diskette version of its Condor 3 Database Management System. Th company said the new version contains all the features of its 5.25-inch package including report writer and applications automation functions. Reuter | CONDOR COMPUTER INTRODUCES DATABASE PRODUCT |
<Scotts Hospitality Inc> said it acquired Capital Food Services Ltd Ottawas largest catering and food service company for undisclosed terms. Scotts said it would operate Capital Food as a separate unit under Capitals current name and management. Reuter | SCOTT'S HOSPITALITY ACQUIRES CAPITAL FOOD |
Brazilian Finance Minister Dilson Funaro flatly rejected a U.K. Suggestion that his country seek International Monetary Fund (IMF) help in order to facilitate debt negotiations with commercial creditor banks. Talking to reporters Funaro said this attitude would not help resolve the crisis started when Brazil suspended ... | FUNARO REJECTS SUGGESTION OF IMF BRAZIL PLAN |
AC and R Advertising a subsidiary of Ted Bates Worldwide a unit of one of the largest advertising agencies in the U.S. Saatchi and Saatchi said it will merge with two other Bates units to form a new entity under Bates called AC and R/DHB and Bess. The company said the other units are Diener/Hauser/Bates (DHB) and Sawdo... | SAATCHI AND SAATCHI <SACHY> COMBINES UNITS |
Union National Corp said it signed a definitive agreement under which its First National Bank and Trust Co of Washington unit will merge with <Second National Bank of Masontown>. Under a previously announced merger agreement each share of Second Nationals common stock will be converted into 25 shares of Union Nation... | UNION NATIONAL <UNBC> SIGNS DEFINITIVE PACT |
Several analysts said they do not believe another suitor will top the 265 mln dlr bid for Purolator Courier Corp by E.F. Hutton LBO Inc and a management group from Purolators courier division. There had been speculation another offer might be forthcoming but analysts mostly believe the 35 dlrs per share price being pai... | ANALYSTS SEE NO OTHER BIDDER FOR PUROLATOR<PCC> |
A former stock broker and an investor who pleaded guilty last June to insider trading as a participant in the scheme that involved lawyer Michael David were sentenced by the Manhattan federal court today. Morton Shapiro who was employed as a broker at Moseley Hallgarten Stabrook and Weeden Inc drew a two month jail sen... | FORMER BROKER, INVESTOR SENTENCED FOR TRADING |
The Farmers Home Admininstration (FmHA) is undertaking its annual mailing of notices to delinquent farm borrowers the U.S. Agriculture Department said. It said about 26400 FmHA farm borrowers were delinquent on December 31 1986 and will be sent letters by early March. They should get in touch with the FmHA county offic... | ANNUAL MAILING TO DELINQUENT FARMERS -- USDA |
Roger Andewelt deputy assistant attorney general for litigation in the Justice Departments antitrust division since last June is being nominated by President Reagan as a judge of the United States Claims Court the White House said. The nomination which is subject to Senate approval is for a 15-year term. Andewelt who h... | ANTITRUST LAWYER NOMINATED CLAIMS COURT JUDGE |
Pan Am Corp said February load factor at Pan American World Airways rose two points to 51.9 pct from 49.9 pct a year ago. Traffic in February increased 11 pct to to 1.50 billion revenue passenger miles from 1.35 billion and rose 7.8 pct in the two months year to date to 3.31 billion from 3.07 billion. Available seat mi... | PAN AM <PN> FEBRUARY LOAD FACTOR UP |
Shr 15 cts vs 55 cts Net 557000 vs 2020000 Revs 8872000 vs 13908000 Year Shr 60 cts vs 2.52 dlrs Net 2198000 vs 9313000 Revs 36.9 mln vs 55.7 mln Reuter | WHITEHALL CORP <WHT> 4TH QTR NET |
Qtr ended Jan 31 Shr 33 cts vs 29 cts Net 14.8 mln vs 11 mln Revs 108.6 mln vs 70.0 mln Avg shrs 45.2 mln vs 37.6 mln Nine mths Shr 88 cts vs 76 cts Net 36.7 mln vs 28.7 mln Revs 260.4 mln vs 193.0 mln Avg shrs 41.9 mln vs 37.8 mln Note: Net for nine mths includes gains from dispositions of 1783000 dlrs or four cts a s... | SERVICE CORP INTERNATIONAL <SRV> 3RD QTR NET |
Warner Communications Inc said its board has approved a 10-year employment contract with Chairman Steven J. Ross. The company said the contract was opposed by the six board members who are nominees of Chris-Craft Inc <CCN>. It said the new contract calls for new bonus awards to be paid out over the period of the con... | WARNER COMMUNICATIONS <WCI>IN CONTRACT WITH ROSS |
Qtly div 25 cts vs 25 cts Pay April 24 Record March 31 Reuter | PEOPLES BANCORPORATION <PEOP> QUARTERLY DIVIDEND |
Caremark Inc said it is changing its fiscal year-end to a calendar year from the previous fiscal year ending June 30. Reuter | CAREMARK <CMRK> CHANGES FISCAL YEAR-END |
Shr 24 cts Net 412737 Revs 605321 Year Shr 93 cts Net 1577892 Revs 2345261 NOTE: Full name CPL Real Estate Investment Trust. Company was formed Dec 30 1985. Reuter | CPL REIT <CNTRS> 4TH QTR NET |
Star Technologies Inc said its shares will begin trading on the Nasdaq national market system tomorrow. The company a manufacturer of very high-speed computers for scientific applications has annual revenues of about 40 mln dlrs. In the nine months ended Dec 31 the company earned 1.9 mln dlrs against a loss of 16.5 mln... | STAR TECHNOLOGIES TO TRADE ON NASDAQ |
Shr loss 85 cts vs loss 88 cts Net loss 2410000 vs loss 24660000 Revs 24.0 mln vs 23.9 mln Year Shr loss 1.18 dlrs vs loss 81 cts Net loss 3338000 vs loss 2275000 Revs 101.4 mln vs 112.3 mln Reuter | REPUBLIC AUTOMOTIVE PARTS <RAUT> 4TH QTR LOSS |
Shr profit four cts vs loss 16 cts Net profit 155383 vs loss 577336 Note: Net includes tax credit of 51226 dlrs or one ct per share. Reuter | REALMERICA CO <RACO> YEAR NOV 30 NET |
Cybertek said it is forming a General Products division which will be located in Dallas. The new division will market personal computer software products targeted at the Fortune 500 companies Cybertek said. Reuter | CYBERTEK <CKCP> FORMING NEW DIVISION |
Shr 81 cts vs 57 cts Net 3660273 vs 2437914 Revs 28.5 mln vs 23.1 mln Six mths Shr 29 cts vs 12 cts Net 1325755 vs 483559 Revs 31.7 mln vs 26.4 mln Reuter | S-K-I LTD <SKII> 2ND QTR JAN 25 NET |
Holiday Corp said it would redeem on March 11 all outstanding 9-1/2 pct first mortgage bonds due 1995 of its Holiday Inns Inc unit and all 9-1/2 pct first mortgage bonds Series A due 1996 of its Harrahs subsidiary. The Holiday bonds will be bought back at 101.6 pct of the bonds principal amount plus accrued interest or... | HOLIDAY CORP <HIA> TO REDEEM TWO BOND ISSUES |
Anchor Glass Container Corp said it has been cleared to apply for listing on the New York Stock Exchange and expects to file its formal application for listing later this month with trading to begin during the week of April 20. The company said the NYSE advised it management that the company meets the criteria for list... | ANCHOR GLASS <AGLS> CLEARED FOR LISTED ON NYSE |
Blockbuster Entertainment Corps Blockbuster Distribution Corp said it executed two additional area licenses to own and operate Blockbuster Videos Rental stores. It said these exclusive licenses were granted to <Videoco Inc> for the Greensboro Winston-Salem Raleigh-Durham and Highpoint N.C. metropolitan areas. It sai... | BLOCKBUSTER <BBEC> UNIT GETS TWO MORE LICENSES |
Ferro Corp said it has formed a joint venture with Paris-based Alsthom Inudstrial Group to export U.S. epxertise in specialty composite materials to the European market. Ferro said although the airframe and aerospace industries are the prime users of composite materials today it plans to develop applications for the gr... | FERRO CORP <FOE> SETS JOINT VENTURE |
Computer Language Research Inc said its CLR/Micro-Tax unit introduced a Micro-Tax W-4 Generator a new software package for accounts and corporate personnel departments. The company said the package takes the user through each question on the new W-4 gives explanatory instructions automatically calculates entries checks... | COMPUTER LANGUAGE <CLRI>UNIT OFFERS TAX PRODUCT |
U.S. SELLS 3-MO BILLS AT 5.47 PCT, STOP 5.48 PCT, 6-MO 5.51 PCT, STOP 5.51 PCT | |
WHITE HOUSE'S HOWARD BAKER SAYS REAGAN TO ADDRESS NATION WEDNESDAY AT 2100 EST | |
The New York Mercantile Exchange said it will introduce exchanges for physicals (EFPS) to its energy futures markets April one. An exchange spokeswoman said the change will allow oil traders that do not hold a futures position to initiate after the exchange closes a transaction that can subsequently be hedged in the fu... | NYMEX RULE CHANGE SEEN BOOSTING ENERGY TRADE |
AMC EXTENDS INCENTIVE PROGRAM, WILL PAY CASH REBATES UP TO 700 DLRS | |
Refined copper stocks held by U.S. refineries fell to 109200 short tons at the end of January from 145400 short tons at the end of December the American Bureau of Metal Statistics reported. Commodity Exchange (Comex) copper stocks climbed to 103000 tons in January from 93300 tons in December. Combined refinery and Come... | U.S. REFINERY COPPER STOCKS FALL IN JANUARY |
The White House announced it was withdrawing the controversial nomination of Robert Gates as CIA director at Gatess request and has not yet decided on a replacement. Withdrawal of the Gates nomination was announced by new White House Chief of Staff Howard Baker who said President Reagan had several names under consider... | WHITE HOUSE WITHDRAWS GATES NOMINATION AS CIA CHIEF |
Diamond Shamrock Corp said it set March 26 as the record date for stockholders entitled to vote at its April 30 annual meeting. Reuter | DIAMOND SHAMROCK <DIA> SETS MEETING RECORD DATE |
WHITE HOUSE'S BAKER SAYS REAGAN TO MEET PRESS "VERY SOON" | |
<CCL Industries Inc>s Continental Can Canada Inc unit said it acquired the Wallaceburg Ontario metal can making operations of Nestle Enterprises Ltd wholly owned by <Nestle SA> of Switzerland. Terms were undisclosed. Continental Can said it would supply Nestles equivalent can requirements under a long-term agreem... | CCL UNIT ACQUIRES NESTLE CANADA CAN OPERATIONS |
The American Pork Congress kicks off tomorrow March 3 in Indianapolis with 160 of the nations pork producers from 44 member states determining industry positions on a number of issues according to the National Pork Producers Council NPPC. Delegates to the three day Congress will be considering 26 resolutions concerning... | AMERICAN PORK CONGRESS KICKS OFF TOMORROW |
Burlington Northern Incs El Paso Natural Gas Co said it filed its regularly scheduled gas cost adjustment that will leave its rates unchanged. But still pending is El Pasos proposal to the Federal Energy Regulatory Commission to directly bill its wholesale customers for deficiencies in natural gas liquid revenues. It s... | BURLINGTON'S EL PASO UNIT<BNI> FILES GAS PRICES |
Refined copper stocks held by refineries outside the U.S. increased to a preliminary 277500 short tons at the end of December from a preliminary 270000 short tons (revised higher) at the end of November the American Bureau of Metal Statistics said. London Metal Exchange stocks fell to 193100 tons in December from 19440... | COPPER STOCKS OUTSIDE U.S. INCREASE IN DECEMBER |
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