title
stringlengths
0
96
body
stringlengths
0
3.57k
CARSON PIRIE <CRN> TO START PROXY MAILING
Carson Pirie Scott and Co said it plans to start mailing proxy materials to stockholders in connection to a November 16 special meeting at which holders will be asked to consider a previously announced agreement with Greyhound Corp <G>. Under the agreement, Greyhound will acquire, in a merger, three of the company'...
PHILIPPINE SENATE ACTS TO SPEED DEBT PACT
The Philippine Senate approved a proposal to repay loans owed by a private company to speed up the signing of a 13.2 billion dlr rescheduling agreement with foreign banks. It concerns a Barclays Bank managed loan to fertilizer company Planter Products Inc, said Teofisto Paterno, chairman of the foreign debt committ...
HOME SAVINGS BANK <HMSB.O> 3RD QTR NET
Shr 57 cts Net 6,889,000 vs 10.7 mln Nine mths Shr 1.67 dlrs Net 20.1 mln vs 22.9 mln Assets 1.63 billion vs 1.47 billion Deposits 1.17 billion vs 1.19 billion Loans 1.25 billion vs 936.5 mln NOTE: 3rd qtr and nine mths 1986 per share figures not available because bank converted to stock...
WOOLWORTH <Z> COMPLETING TENDER OFFER
FW Woolworth and Co said that 2,223,996 shares of Armel Inc's <AML> common stock were tendered to and accepted for payment by Woolworth, under the terms of the previosuly announced cash tender offer which expired at 2400 midnight EDT on October 16. In addition, Woolowrth said 137,367 Armel shares have been tendered...
PLAINS PETROLEUM CO <PLP> 3RD QTR NET
Shr 15 cts vs 13 cts Net 1,352,000 vs 1,210,000 Revs 5,953,000 vs 3,309,000 Nine mths Shr 36 cts vs 27 cts Net 3,257,000 vs 2,416,000 Revs 16.6 mln vs 9,705,000 NOTE: If FASB adopts accounting changes, then 1987 3rd qtr per share results will be restated to 22 cts, and 54 cts a share for 198...
WELLS-GARDNER CORP <WGA> 3RD QTR NET
Shr profit three cts vs loss two cts Net profit 107,000 vs 87,000 loss Revs 6,769,000 vs 4,992,000 Nine mths Shr profit 21 cts vs loss nine cts Net profit 778,000 vs loss 314,000 Revs 21.9 mln vs 13.9 mln Reuter 
SUN MICRO'S <SUNW.O> TOPS UPGRADES SOFTWARE
Sun Microsystems Co's TOPS subsidiary said it will have upgraded versions of its NetPrint and LAN -- local area network -- software packages available early next month. The company said version 2.0 of its NetPrint will be available November 10 at a suggested retail price of 189 dlrs. NetPrint is software that enabl...
PROSPECT GROUP HAS 14.3 PCT OF BRINKMANN<BRIK.O>
New York-based Prospect Group Inc <PROSZ.O> said it acquired 527,000 shares of Brinkmann Instruments Inc common stock, or 14.3 pct of the scientific instrument maker's common stock outstanding. In a filing with the Securities and Exchange Commission, Prospect Group said it bought the 527,000 Brinkmann shares in ope...
IC INDUSTRIES AUTHORIZES REPURCHASE OF 500 MLN DLRS TO 1.0 BILLION DLRS OF ITS STOCK
IC INDUSTRIES SAYS IT WILL CONSIDER POSSIBLE SALE OF ITS AEROSPACE BUSINESS
WARNER <WCI> HAS 8.2 PCT BERKEY INC <BKY> STAKE
Warner Communications Inc said its Warner Communications Investors Inc unit acquired stock and warrants representing 416,668 shares of Berkey Inc common stock, or the equivalent of 8.2 pct of the company's common stock outstanding. In a filing with the Securities and Exchange Commission, Warner Communications Inves...
AMERICAN CYANAMID CO <ACY> 3RD QTR NET
Oper shr 59 cts vs 49 cts Oper net 54.7 mln vs 44.8 mln Sales 1.04 billion vs 921.4 mln Nine mths Oper shr 2.22 dlrs vs 1.62 dlrs Oper net 203.8 mln vs 150.4 mln Sales 3.14 billion vs 2.87 billion Avg shrs 91.6 mln vs 93.1 mln NOTE: 1986 share data restated to reflect 100 pct stock divid...
TANDY CORP <TAN> 1ST QTR SEPT 30 NET
Shr 71 cts vs 49 cts Net 64.3 mln vs 43.7 mln Revs 838.2 mln vs 742.6 mln Avg shrs 89.9 mln vs 89.9 mln Reuter 
BELL ATLANTIC CORP <BEL> 3RD QTR NET
Shr 1.62 dlrs vs 1.49 dlrs Net 321.8 mln vs 297.9 mln Revs 2.59 billion vs 2.49 billion Avg shrs 198.8 mln vs 199.5 mln Nine mths Shr 2.80 dlrs vs 4.48 dlrs Net 955.4 mln vs 895.2 mln Revs 7.70 billion vs 7.32 billion Avg shrs 199.0 mln vs 199.7 mln Reuter 
WANG LABORATORIES INC <WANB> 1ST QTR SEPT 30
Shr profit 14 cts vs loss 19 cts Net profit 22.5 mln vs loss 30.0 mln Revs 693.0 mln vs 597.9 mln Avg shrs 166.0 mln vs 154.2 mln NOTE: Prior year net includes five mln dlr tax credit. Reuter 
BROCKWAY INC <BRK> 3RD QTR NET
Shr 98 cts vs 70 cts Net 12.3 mln vs 8,699,000 Sales 284.7 mln vs 280.7 mln Nine mths Shr 2.83 dlrs vs 2.23 dlrs Net 35.3 mln vs 27.6 mln Sales 824.6 mln vs 818.4 mln NOTE: Share adjusted for December 1986 three-for-two split. Reuter 
NUI <NUI> MAY SPIN OFF NONUTILITY OPERATIONS
NUI Corp said it is studying the feasibility of spinning off nonutility subsidiaries to shareholders. The company said its propane disution, natural gas spot marketing, data processing, oil and natural gas exploration and production, natural gas gathering and underground pipe replacement businesses had sales for th...
UNISYS CORP 3RD QTR SHR 65 CTS VS 34 CTS
TELEX <TC> MAY SEEK OTHER PURCHASERS
Telex Corp said its board has directed management and financial advisor Drexel Burnham Lambert Inc to investigate possible alternatives to the tender offer of Asher Edelman's TLX Partners for all Telex shares that may include seeking other purchasers for Telex. The company said the board at an October 16 meeting de...
FINANCIAL CORP OF AMERICA 3RD QTR SHR LOSS 2.20 DLRS VS PROFIT 24 CTS
IBC ACQUISITION GETS 8,857,807 SHARES IN TENDER, TO BUY 90.9 PCT
SWISS ANALYSTS SAY MOOD ON MARKETS PRECARIOUS
Today's sharp sell-off of Swiss stocks and matching falls around Europe may have been overdone, but the mood on financial markets is precarious, Swiss securities analysts and economists said. Panic selling took Swiss shares down six pct at the opening on enormous volume, triggered by the slide on Wall Street and th...
SOVIET UNION SETS 4.5 PCT INDUSTRIAL OUTPUT GROWTH
Soviet Planning chief Nikolai Talyzin told the Supreme Soviet (parliament) industrial output is planned to rise by 4.5 pct in 1988, up from a planned 4.4 pct in 1987. In the first nine months of this year, industrial output rose by 3.6 pct. Talyzin said national income, the nearest Soviet equivalent to gross na...
BELL ATLANTIC CORP 3RD QTR SHR 1.62 DLRS VS 1.49 DLRS
J.P. MORGAN AND CO INC 3RD QTR SHR 1.18 DLRS VS 1.15 DLRS
KANSAS CITY EXCHANGE'S AUDIT TRAIL ADEQUATE
The Commodity Futures Trading Commission (CFTC) said the Kansas City Board of Trade's (KCBT) one-minute audit trail system was adequate and accurate. But in its second rule enforcement review of an exchange's audit trail system, CFTC said KCBT needed to provide a more accurate indication of the percent of trades th...
IDC SERVICES AGREES TO BE ACQUIRED FOR 16 DLRS A SHARE BY APOLLO PARTNERS GROUP
COOPER <COO> FILES FOR 300 MLN DLR NOTE OFFERING
Cooper Companies Inc filed with the Securities and Exchange Commission for a proposed offering of up to 300 mln dlrs of senior extendible notes set to mature on January 1, 1993. Drexel Burnham Lambert Inc will act as an underwriter for the proposed offering, Cooper said. Proceeds from the offering will be used ...
MANAGEMENT GROUP HAS RESTAURANT <RA> MAJORITY
Restaurant Associates Industries Inc said the management group led by chairman Martin Brody and president Max Pine through October 16 had received 1,796,727 Class A and 1,766,091 Class B shares in response to its tender offer for all shares at 18 dlrs each, giving thema majority of each class of shares. The company...
XIDEX CORP <XIDX.O> 1ST QTR SEPT 30 NET
Shr 13 cts vs 22 cts Net 5,452,000 vs 9,789,000 Sales 155.7 mln vs 135.1 mln NOTE: Prior year net includes gain 6,556,000 dlrs from sale of shares of Seagate Technology Corp <SGAT.O>. Reuter 
CALFED INC <CAL> 3RD QTR NET
shr 1.99 dlrs vs 2.05 dlrs diluted shr 1.80 dlrs vs 1.75 dlrs net 50.0 mln vs 48.5 mln nine months shr 5.37 dlrs vs 5.69 dlrs diluted shr 4.87 dlrs vs 4.76 dlrs net 134.6 mln vs 129.6 mln Reuter 
TANDY CORP 1ST QTR SHR 71 CTS VS 49 CTS
HOG AND CATTLE SLAUGHTER GUESSTIMATES
Chicago Mercantile Exchange floor traders and commission house representatives are guesstimating today's hog slaughter at about 305,000 to 320,000 head versus 291,000 a week ago and 282,000 a year ago. Cattle slaughter is guesstimated at about 128,000 to 132,000 head versus 128,000 week ago and 130,000 a year ago. ...
GENCORP <GY> SEEKS RETENTION OF LICENSES
Gencorp's RKO General said it has asked the Federal Communication scommission to reverse an administrative law judge's decision to revoke all 14 of the company's broadcast licenses. RKO General said "the decision was based on allegations of misconduct that are either in error or have no bearing on our fitness as a ...
SECURITY PACIFIC CORP <SPC> 3RD QTR NET
Shr 1.16 dlrs vs 1.09 dlrs Net 128.1 mln vs 118.3 mln Avg Shrs 108.8 mln vs 105.7 mln Nine Months Shr 40 cts vs 3.12 dlrs Net 53.2 mln vs 335.1 mln Avg Shrs 108.0 mln vs 105.2 mln Note: Prior-period data have been restated to include on a pooling-of-interest basis the August 31, 1987, acquis...
PHELPS DODGE CORP <PD> 3RD QTR NET
Shr 1.77 dlrs vs 60 cts Net 58.2 mln vs 19.4 mln Revs 377.4 mln vs 188.0 mln Nine mths Shr 3.10 dlrs vs 1.51 dlrs Net 100.3 mln vs 50.6 mln Revs 1.11 billion vs 639.7 mln NOTE: 3rd qtr 1987 net includes about 3,000,000 dlrs after-tax extraordinary gain on retirement of debt. Reuter 
CRANE CO <CR> 3RD QTR NET
Shr 70 cts vs 54 cts Net 16.7 mln vs 12.5 mln Revs 343.6 mln vs 323.1 mln Avg shrs 23.9 mln vs 24.8 mln Nine mths Shr 1.98 dlrs vs 1.23 dlrs Net 46.9 mln vs 27.8 mln Revs 960.5 mln vs 893.2 mln Avg shrs 24.2 mln vs 24.9 mln NOTE: 1986 figures reflect the adjustment for 3-for-2 sp...
ATT <T> PLANS COMPUTER USING SUN <SUNW.O> CHIP
American Telephone and Telegraph Co said it plans to build a new computer that incorrates a unified version of its UNIX System IV operating system and Sun Microsystems Inc's recently annouced SPARC micropocessor. The SPARC chip is based on reduced instruction-set computing, or RISC, technology. ATT said the ve...
AMERICAN CYANAMID CO 3RD QTR OPER SHR 59 CTS UP 22 PCT
TELEX CORP TO INVESTIGATE ALTERNATIVES TO TLX PARTNERS BID, MAY SEEK OTHER PURCHASERS
LOTUS DEVELOPMENT CORP <LOTS.O> 3RD QTR NET
Shr 42 cts vs 21 cts Net 19.1 mln vs 9,528,000 Sales 101.2 mln vs 65.6 mln Avg shrs 46.0 mln vs 46.0 mln Nine mths Shr 1.08 dlrs vs 69 cts Net 49.1 mln vs 32.7 mln Sales 280.0 mln vs 201.0 mln Avg shrs 45.6 mln vs 47.4 mln NOTE: Share adjusted for February 1987 two-for-one split. Re...
WANG LABORATORIES INC 1ST QTR SHR PROFIT 14 CTS VS LOSS 19 CTS
IRAN SAYS U.S. NAVAL FORCES ATTACKED TWO PLATFORMS
Iran said U.S. Naval forces attacked two of its oil platforms in the southern Gulf on Monday afternoon, the Iranian news agency IRNA reported. IRNA, received in Nicosia, said an informed source at the Iranian oil ministry identified the two platforms as Resalat and Reshadat, about 60 miles from Iran's Lavan island ...
CHICAGO MERC'S AND P 500 STOCK INDEX FUTURES OPEN MORE THAN 20 POINTS LOWER
WALL STREET STOCKS OPEN BROADLY LOWER
BROCKWAY INC 3RD QTR SHR 98 CTS VS 70 CTS
SOUTHWEST BANCORP <SWB> 3RD QTR LOSS
Oper shr loss 82 cts vs profit 12 cts Oper net loss 4,134,000 vs profit 544,000 Avg shrs 5,030,000 vs 3,927,000 Nine mths Oper shr loss 80 cts vs profit 32 cts Oper net loss 3,615,000 vs profit 1,457,000 Avg shrs 4,557,000 vs 3,927,000 NOTE: 1986 net excludes tax loss carryforwards of 105,00...
GATX CORP <GMT> 3RD QTR NET
Shr 95 cts vs 36 cts Net 9,100,000 vs 3,300,000 Revs 143.7 mln vs 132.4 mln Avg shrs 9,884,000 vs 9,780,000 Nine mths Shr 2.77 dlrs vs 1.49 dlrs Net 26,600,000 vs 19,000,000 Revs 401.8 mln vs 385.2 mln Avg shrs 9,871,000 vs 12,565,000 NOTE: 1986 earnings include a loss from discontin...
KENYA DEBT SERVICING TO ABSORB MOST AID - MOI
Rising service payments on Kenya's three billion dlr external debt will absorb nearly all the 1.1 billion dlrs of foreign aid likely over the next four years, President Daniel arap Moi said. "While we expect to receive 18.3 billion Kenyan shillings in the form of external loans for our development programs in the n...
LOTUS DEVELOPMENT CORP 3RD QTR SHR 42 CTS VS 21 CTS
MICROSOFT CORP <MSFT.O> 1ST QTR NET
Shr 38 cts vs 29 cts Net 21.3 mln vs 15.8 mln Revs 102.6 mln vs 66.8 mln Reuter 
GENCORP SAID IT ASKED THE FCC TO REVERSE REVOCATION OF ITS BROADCAST LICENSES
CMS ENERGY CORP <CMS> 3RD QTR NET
Shr 65 cts vs 10 cts Net 55,960,000 vs 8,785,000 Revs 588.2 mln vs 596.1 mln Avg shrs 85,710,000 vs 87,987,000 Nine mths Shr 1.24 dlrs vs 44 cts Net 106,738,000 vs 39,055,000 Revs 1.98 billion vs 2.24 billion Avg shrs 86,320,000 vs 88,007,000 NOTE: 1986 data restated for adoption of ...
SHAMROCK COMPLETES CENTRAL SOYA SALE TO FERRUZZI
Shamrock Capital LP said it has completed the sale of Cental Soya Co Inc to Ferruzzi Agricola Finanziaria the holding company for the Ferruzzi group of Ravenna, Italy. Shamrock Capital is a limited partnership led by Shamrock Holdings Inc, the Roy E. Disney family company. Under the agreement announced last mon...
CURTICE BURNS FOODS INC <CBI> 1ST QTR NET
Qtr ends Sept 25 Shr 75 cts vs 64 cts Net 2,794,000 vs 2,363,000 Revs 157.8 mln vs 138.4 mln NOTE: 1986 qtr figures exclude effect of 1986 tax reform act which retroactively reduced earnings from 64 cts to 56 cts per shr. Reuter 
PHELPS DODGE CORP 3RD QTR NET 58.2 MLN DLRS VS 19.4 MLN DLRS
CMS ENERGY CORP 3RD QTR SHR 65 CTS VS 10 CTS
VW SAYS AUTOLATINA TO LOSE 500 MLN MARKS IN 1987
Autolatina, Volkswagen AG <VOWG.F> and Ford Motor Co's <F> Latin American joint venture, was expected to make losses of 500 mln marks from Brazilian operations in 1987, VW spokesman Ortwin Witzel said. He could not comment on a report in the Frankfurter Rundschau daily that Ford might pull out of the venture, set u...
U.S. NAVAL FORCES ATTACK IRANIAN OIL PLATFORM
U.S. warships attacked and destroyed an Iranian oil platform on Monday in retaliation for Friday's Iranian attack damaging a U.S.-flagged ship, U.S. Defense Secretary Caspar Weinberger said. When asked how much was left of the oil platform, Weinberger said, "Nothing." "There was no Iranian reaction," he said. "...
LINDBERG CO <LIND.O> 3RD QTR NET
Shr profit 10 cts vs profit eight cts Net profit 477,853 vs profit 348,384 Sales 17.7 mln vs 17.3 mln Nine mths Shr loss 35 cts vs profit 45 cts Net loss 1,639,216 vs profit 2,305,700 Sales 56.2 mln vs 57.1 mln Avg shrs 4,698,501 vs 5,075,717 NOTE: Earnings in the 2nd Qtr of 1987 were re...
OGDEN <OG> SETS BERKS COUNTY WASTE FACILITY
Ogden Corp said its Ogden Martin System of Berks Inc subsidiary has signed a contract with Berks County, Pa., to build, own and operate a resource recovery plant designed to process 365,000 tons per year of municipal solid waste. Ogden said 66 of the 75 municipalities in the county have signed letters of intent to ...
SHAMROCK COMPLETES CENTRAL SOYA SALE TO FERRUZZI
Shamrock Capital LP said it has completed the sale of Cental Soya Co Inc to Ferruzzi Agricola Finanziaria the holding company for the Ferruzzi group of Ravenna, Italy. Shamrock Capital is a limited partnership led by Shamrock Holdings Inc the Roy E. Disney family company. Under the agreement announced last mont...