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test/15571 | test/15571 |@title hanson:1 han:1 buy:1 int:1 l:1 protein:1 pro:1 stock:1 |@word international:5 proteins:2 corp:1 say:4 agree:1 sell:1 private:1 placement:1 330:1 000:3 common:2 share:4 11:1 75:1 dlrs:1 u:1 subsidiary:2 hanson:6 trust:4 plc:1 addition:1 david:1 clarke:2 president:1 another:1 industries:1 name:1 chairman:1 executive:1 committee:1 upon:1 election:1 board:1 annual:2 meeting:2 protein:3 recently:1 acquire:1 family:1 business:1 great:1 south:1 beach:1 sale:2 co:1 900:1 restrict:1 350:1 issue:1 date:1 agreement:2 subject:1 stockholder:1 approval:1 expect:1 hold:1 june:1 company:3 purchase:2 stock:1 investment:1 purpose:1 add:1 include:1 restriction:1 next:1 five:1 year:1 use:1 proceed:1 expand:1 domestic:1 operation:1 2:1 1:1 mln:1 outstanding:1 | HANSON <HAN> TO BUY INT'L PROTEIN <PRO> STOCK
International Proteins Corp said
it has agreed to sell in a private placement 330,000 common
shares at 11.75 dlrs a share to a U.S. subsidiary of Hanson
Trust Plc.
In addition, David Clarke the president of another Hanson
Trust subsidiary, Hanson Industries, will be named chairman of
International Proteins's executive committee upon his election
to the board at the annual meeting.
International Proteins recently acquired Clarke's family
business, Great South Beach Sales Co, for 900,000 restricted
common shares of which 350,000 have been issued to date.
International Proteins said its agreement with Hanson Trust
is subject to stockholder approval at the annual meeting which
is expected to be held in June.
The company said Hanson Trust is purchasing the stock for
investment purposes, adding the agreement includes restrictions
on purchase or sale of the company by Hanson for the next five
years.
International Proteins said it will use the proceeds to
expand domestic operations.
The company has about 2.1 mln shares outstanding.
|
test/15572 | test/15572 |@title egypt:1 buy:1 pl:1 480:1 wheat:1 flour:1 u:1 trader:1 |@word egypt:1 buy:1 125:1 723:1 tonne:3 u:1 wheat:1 flour:1 pl:1 480:1 tender:1 yesterday:1 trade:1 source:1 say:1 purchase:1 include:1 51:1 880:1 may:1 shipment:2 73:1 843:1 june:1 price:1 detail:1 available:1 | EGYPT BUYS PL 480 WHEAT FLOUR - U.S. TRADERS
Egypt bought 125,723 tonnes of U.S.
wheat flour in its PL 480 tender yesterday, trade sources said.
The purchase included 51,880 tonnes for May shipment and
73,843 tonnes for June shipment. Price details were not
available.
|
test/15573 | test/15573 |@title spain:1 35:1 mln:1 dlr:1 current:1 surplus:1 february:1 |@word spain:5 35:1 mln:9 dlr:4 current:1 account:1 surplus:3 february:8 compare:5 68:1 january:3 355:1 last:5 year:4 bank:2 figure:1 show:1 trade:1 deficit:2 narrow:1 581:1 dlrs:8 664:1 large:2 increase:2 non:2 oil:2 import:3 contribute:1 substantial:1 159:1 register:1 1986:1 export:1 2:2 58:1 billion:4 19:1 pct:2 46:1 high:1 totalling:1 3:1 16:1 total:2 79:1 1:1 91:1 reflect:1 ammount:1 investment:1 good:1 enter:1 country:1 recovery:1 spanish:1 economy:1 say:1 tourism:1 earning:1 continue:1 grow:1 655:1 103:1 502:1 | SPAIN HAS 35 MLN DLR CURRENT SURPLUS FEBRUARY
Spain had a 35 mln dlr current account
surplus in February compared with a 68 mln dlr surplus in
January and a 355 mln dlr surplus in February last year, Bank
of Spain figures show.
Spain's trade deficit narrowed to 581 mln dlrs compared
with 664 mln dlrs in January but the large increase in non-oil
imports contributed to the substantial increase over the 159
mln dlr deficit registered in February 1986.
Exports at 2.58 billion dlrs were up 19 pct compared with
February last year, but imports were 46 pct higher than last
February, totalling 3.16 billion dlrs.
Non-oil imports totalled 2.79 billion dlrs compared with
1.91 billion in February last year, reflecting the large
ammount of investment goods entering the country with the
recovery of the Spanish economy, the Bank of Spain said.
Spain's tourism earnings continued to grow and totalled 655
mln dlrs in February, compared with 103 mln dlrs in January and
502 mln dlrs in February last year.
|
test/15574 | test/15574 |@title india:1 oilseed:1 output:1 forecast:1 rise:1 |@word india:2 oilseed:2 output:1 expect:1 rise:1 12:2 25:1 mln:6 tonne:3 1986:4 87:4 end:1 october:1 11:1 15:1 1985:1 86:1 95:1 harvest:1 1984:1 85:1 agriculture:1 ministry:1 report:1 say:2 forecast:1 well:1 target:1 14:1 8:1 fix:1 year:2 add:2 bad:1 weather:1 hit:1 groundnut:1 crop:1 national:1 oilseeds:1 development:1 program:1 invest:1 300:1 rupee:1 supply:1 improve:1 high:1 yield:1 seed:1 support:1 service:1 help:1 boost:1 production:1 import:1 1:1 2:1 edible:1 oil:1 | INDIA OILSEED OUTPUT FORECAST TO RISE
India's oilseed output is expected to
rise to 12.25 mln tonnes in 1986/87 ending October, up on 11.15
mln in 1985/86 but down from 12.95 mln harvested in 1984/85,
the Agriculture Ministry's 1986/87 report said.
But the forecast for 1986/87 is well below a target of 14.8
mln tonnes fixed for the year, it said, adding bad weather hit
groundnut and other oilseed crops.
The National Oilseeds Development Program will invest 300
mln rupees in 1986/87 on supplying improved high-yielding seeds
and other support services to help boost production, it added.
India imports about 1.2 mln tonnes of edible oils a year.
|
test/15575 | test/15575 |@title exxon:1 xon:1 south:1 african:1 unit:1 acquire:1 zenex:1 |@word zenex:3 oil:1 pty:1 ltd:1 say:2 acquire:1 interest:1 esso:2 south:2 africa:2 local:1 subsidiary:1 exxon:3 corp:1 xon:1 use:1 20:1 mln:1 rand:1 profit:2 finance:1 educational:1 social:1 program:1 scheme:1 begin:1 pay:1 undisclosed:1 purchase:1 price:1 chairman:1 john:1 truscott:1 statement:1 acquisition:1 follow:1 withdrawal:1 announce:1 last:1 december:1 | EXXON <XON> SOUTH AFRICAN UNIT ACQUIRED BY ZENEX
<Zenex Oil Pty Ltd> said it
acquired the interests of Esso South Africa, the local
subsidiary of Exxon Corp <XON), and will use up to 20 mln rand
in profits to finance educational and social programs.
The profit scheme will begin after Zenex has paid Exxon an
undisclosed purchase price for Esso, Zenex chairman John
Truscott said in a statement.
The acquisition follows the Exxon withdrawal from South
Africa announced last December.
|
test/15578 | test/15578 |@title sallie:1 mae:1 adjust:1 short:1 term:1 discount:1 note:1 rate:1 |@word student:1 loan:1 marketing:1 association:1 say:1 rate:3 short:1 term:1 discount:1 note:1 follow:1 maturity:2 new:1 old:1 5:10 14:2 day:8 80:2 pct:8 75:1 15:2 360:2 00:4 85:1 86:1 91:1 92:1 176:1 83:1 177:1 183:1 184:1 | SALLIE MAE ADJUSTS SHORT-TERM DISCOUNT NOTE RATES
The Student Loan Marketing
Association said its rates on short-term discount notes were as
follows:
MATURITY NEW RATE OLD RATE MATURITY
5-14 days 5.80 pct 5.75 pct 5-14 days
15-360 days 5.00 pct 5.00 pct 15-85 days
5.80 pct 86-91 days
5.00 pct 92-176 days
5.83 pct 177-183 days
5.00 pct 184-360 days
|
test/15579 | test/15579 |@title freddie:1 mac:1 adjust:1 short:1 term:1 discount:1 rate:1 |@word federal:1 home:1 loan:1 mortgage:1 corp:1 adjust:1 rate:3 short:1 term:1 discount:1 note:1 follow:1 maturity:2 old:1 33:2 day:2 6:2 00:2 pct:2 | FREDDIE MAC ADJUSTS SHORT-TERM DISCOUNT RATES
The Federal Home Loan Mortgage Corp
adjusted the rates on its short-term discount notes as follows:
MATURITY RATE OLD RATE MATURITY
33 days 6.00 pct 6.00 pct 33 days
|
test/15580 | test/15580 |@title argentine:2 grain:2 belt:2 weather:1 report:1 temperature:1 centigrade:1 rain:1 mm:1 24:3 hour:1 12:3 00:1 gmt:1 max:1 temp:2 min:1 rainfall:1 buenos:1 aire:1 0:6 bahia:1 blanca:1 22:3 7:2 tre:1 arroyos:1 8:1 tandil:1 junin:1 11:1 santa:2 rosa:1 6:1 cordoba:1 23:1 1:1 fe:1 21:1 18:1 17:1 reuter:1 |@word | ARGENTINE GRAIN BELT WEATHER REPORT
ARGENTINE GRAIN BELT TEMPERATURES
(CENTIGRADE) AND RAIN (MM) IN THE 24 HOURS TO 12.00 GMT WERE:
...............MAX TEMP..MIN TEMP..RAINFALL
BUENOS AIRES.......24.......12............0
BAHIA BLANCA.......22........7............0
TRES ARROYOS.......22........8............0
TANDIL.............22........7............0
JUNIN..............24.......11............0
SANTA ROSA.........--........6............0
CORDOBA............23.......12............1
SANTA FE...........21.......18...........17 REUTER
|
test/15581 | test/15581 |@title vw:1 say:1 480:1 mln:1 mark:1 maximum:1 currency:1 loss:1 |@word loss:3 volkswagen:1 ag:1 vowg:1 f:1 vw:12 link:1 allege:2 foreign:6 currency:7 fraud:2 exceed:1 480:2 mln:6 mark:11 provision:2 already:1 make:1 spokesman:3 say:6 comment:1 confirm:1 would:2 pay:1 unchanged:2 10:1 dividend:5 ordinary:1 share:4 1986:4 business:1 despite:1 one:1 west:1 german:1 newspaper:1 today:2 quote:1 dealer:1 frankfurt:1 speculate:1 total:2 affair:1 could:1 high:1 1:2 5:2 billion:3 describe:2 upper:1 limit:1 statement:1 follow:1 supervisory:2 board:2 meeting:1 discuss:1 scandal:1 detail:1 set:2 new:3 probe:1 activity:1 carry:1 unnamed:1 auditing:1 company:4 computer:1 program:1 erase:1 document:1 fake:1 believe:1 transaction:1 intend:1 protect:1 possible:1 complete:1 former:1 chief:1 burkhard:1 junger:1 arrest:1 monday:1 suspicion:1 embezzlement:1 evade:1 justice:1 earlier:1 result:2 match:1 1985:5 profit:3 group:1 net:2 596:1 parent:2 477:1 also:2 recommend:1 11:1 preference:2 issue:1 last:2 year:2 analyst:2 hold:1 move:1 reassure:1 worried:1 shareholder:1 increase:1 nominal:1 capital:2 300:1 payment:1 306:1 compare:1 240:1 since:1 dig:1 reserve:2 order:1 maintain:1 disclose:1 level:1 end:1 slightly:1 less:1 three:1 | VW SAYS 480 MLN MARKS MAXIMUM FOR CURRENCY LOSSES
Losses for Volkswagen AG
<VOWG.F>, VW, linked to an alleged foreign currency fraud will
not exceed the 480 mln marks provision already made, a VW
spokesman said.
The spokesman was commenting after VW had confirmed it
would pay an unchanged 10 mark dividend for ordinary shares on
1986 business, despite the provision.
One West German newspaper today quoted foreign currency
dealers in Frankfurt as speculating that the total losses from
the currency affair could be as high as 1.5 billion marks, but
the VW spokesman described 480 mln marks as an 'upper limit.'
VW said in a statement following today's supervisory board
meeting that it had discussed the foreign currency scandal in
detail, and was setting up a new probe into its foreign
currency activities to be carried out by an unnamed auditing
company.
VW has said computer programs were erased and documents
were faked in the alleged fraud in which it believes
transactions intended to protect it against possible foreign
currency losses were not completed.
VW's former foreign currency chief Burkhard Junger was
arrested on Monday on suspicion of embezzlement and of having
evaded justice.
Earlier VW had said that its 1986 results would match 1985
profits. VW's group net profit in 1985 was 596 mln marks and
parent company net was 477 mln marks. It also said it recommend
an unchanged dividend to the supervisory board. The company has
also set a dividend of 11 marks for new preference shares,
which were issued last year. Analysts have described the held
dividend as a move to reassure worried shareholders.
VW increased nominal capital by 300 marks last year to 1.5
billion marks, with the result that its total dividend payment
on 1986 will be 306 mln marks compared with 240 mln on 1985,
since the new capital was in preference shares.
The share analysts say VW will have to dig into reserves in
order to maintain the disclosed 1986 profit at 1985 levels. At
the end of 1985, VW had parent company reserves of slightly
less than three billion marks.
|
test/15582 | test/15582 |@title yugoslavia:1 tender:1 100:1 000:1 tonne:1 wheat:1 |@word yugoslavia:1 tender:1 april:2 14:1 100:1 000:1 tonne:1 wheat:3 u:1 agriculture:1 department:1 counselor:1 belgrade:1 say:3 field:1 report:2 date:1 7:1 must:1 1986:1 1987:1 harvest:1 import:3 soft:1 europe:1 supplier:1 consider:1 use:1 rebuild:1 federal:1 reserve:1 result:1 subject:1 surcharge:1 | YUGOSLAVIA TO TENDER FOR 100,000 TONNES WHEAT
Yugoslavia will tender April 14 for
100,000 tonnes of wheat, the U.S. Agriculture Department's
Counselor in Belgrade said in a field report.
The report, dated April 7, said the wheat must be from 1986
and 1987 harvest, and imports of soft wheat from Europe and
from other suppliers will not be considered.
It said the imports will be used to rebuild the federal
reserves and as a result will not be subject to import
surcharges.
|
test/15583 | test/15583 |@title federated:2 department:2 store:2 march:2 sale:2 4:2 9:2 pct:2 |@word | FEDERATED DEPARTMENT STORES MARCH SALES UP 4.9 PCT
FEDERATED DEPARTMENT STORES MARCH SALES UP 4.9 PCT
|
test/15584 | test/15584 |@title price:1 generally:1 low:1 nairobi:1 coffee:1 auction:1 |@word price:3 low:1 week:1 coffee:3 auction:2 grade:2 quality:2 except:1 well:1 ab:2 hold:1 steady:1 board:3 kenya:2 say:2 offer:3 35:2 000:2 bag:4 sell:3 32:1 876:3 far:1 year:1 918:1 707:1 market:1 326:1 182:1 1986:1 7:1 pool:1 overall:1 average:3 41:1 500:1 shilling:1 tonne:1 add:1 next:1 april:1 14:1 per:1 50:2 kg:1 pb:1 430:2 2304:1 78:1 2267:1 21:1 aa:1 7289:1 6834:1 2292:1 92:1 2358:1 96:1 12664:1 11895:1 2289:1 99:1 2291:1 13:1 c:1 3198:1 2867:1 2073:1 15:1 2107:1 64:2 1508:1 79:1 1510:1 67:1 tt:1 1375:2 2053:1 25:1 2095:1 e:1 159:2 2250:1 19:1 2252:1 18:1 misc:1 9009:1 8440:1 1409:1 1398:1 60:1 total:1 35000:1 32876:1 sale:1 2014:1 93:1 1994:1 94:1 | PRICES GENERALLY LOWER AT NAIROBI COFFEE AUCTION
Prices were lower at this week's coffee
auction for all grades and qualities except better quality AB
grades, which held steady, the Coffee Board of Kenya said.
The board said it offered 35,000 bags and sold 32,876.
So far this coffee year, Kenya has sold 918,707 bags to all
markets, of which 326,182 are for the 1986/7 pool, with an
overall average price of 41,500 shillings a tonne, it added.
The board will offer 35,000 bags at its next auction on
April 14.
BAGS PRICE PER 50 KG
OFFERED SOLD AVERAGE
PB 430 430 2304.78 (2267.21)
AA 7289 6834 2292.92 (2358.96)
AB 12664 11895 2289.99 (2291.13)
C 3198 2867 2073.15 (2107.64)
T 876 876 1508.79 (1510.67)
TT 1375 1375 2053.25 (2095.64)
E 159 159 2250.19 (2252.18)
MISC 9009 8440 1409.50 (1398.60)
TOTAL 35000 32876 AVERAGE FOR SALE 2014.93 (1994.94)
|
test/15585 | test/15585 |@title alex:1 brown:1 absb:1 set:1 split:1 offer:1 share:1 |@word alex:2 brown:2 inc:2 say:3 declare:1 three:1 two:1 stock:1 split:2 payable:1 may:2 29:1 record:2 22:1 company:3 also:1 file:1 offer:1 912:1 000:2 common:1 share:1 include:1 162:1 sell:1 shareholder:1 proceed:1 use:1 work:1 capital:1 general:1 corporate:1 purpose:1 sons:1 subsidiary:1 lead:1 underwriter:1 offering:1 expect:1 make:1 date:1 | ALEX. BROWN <ABSB> SETS SPLIT, TO OFFER SHARES
Alex. Brown Inc said it has declared a
three-for-two stock split, payable May 29, record May 22.
The company also said it has filed to offer 912,000 common
shares, including 162,000 to be sold by a shareholder, with
company proceeds to be used for working capital and general
corporate purposes. Its Alex. Brown and Sons Inc subsidiary is
lead underwriter.
The offering is expected to be made before the record date
of the split, the company said.
|
test/15590 | test/15590 |@title highland:1 superstores:1 inc:1 high:1 4th:1 qtr:1 net:1 |@word period:1 end:1 jan:1 31:1 shr:2 38:1 ct:2 vs:7 61:1 net:2 7:1 012:1 000:4 11:2 193:1 revs:2 223:1 0:1 mln:4 200:1 3:1 year:1 1:2 dlrs:2 36:1 20:1 214:1 23:1 602:1 656:1 5:2 520:1 avg:1 shrs:1 18:1 257:1 631:1 17:1 376:1 480:1 | HIGHLAND SUPERSTORES INC <HIGH> 4TH QTR NET
Period ended Jan 31
Shr 38 cts vs 61 cts
Net 7,012,000 vs 11,193,000
Revs 223.0 mln vs 200.3 mln
Year
Shr 1.11 dlrs vs 1.36 dlrs
Net 20,214,000 vs 23,602,000
Revs 656.5 mln vs 520.5 mln
Avg shrs 18,257,631 vs 17,376,480
|
test/15591 | test/15591 |@title lvi:3 group:1 make:1 acquisition:1 |@word group:1 inc:1 say:4 agree:1 principle:1 purchase:1 outstanding:1 share:1 spectrum:3 holding:1 corp:1 propose:1 13:1 mln:3 dlrs:3 cash:1 lvi:4 additional:1 10:1 common:1 stock:1 seven:1 note:1 become:1 payable:1 certain:1 minimum:1 future:1 earning:1 interior:1 construction:1 firm:1 acquisition:1 subject:1 execution:1 definitive:1 agreement:1 completion:1 due:1 diligence:1 asbestos:1 abatement:1 concern:1 expect:1 close:1 deal:1 june:1 | LVI GROUP <LVI> TO MAKE ACQUISITION
LVI Group Inc said it has agreed in
principle to purchase all outstanding shares of <Spectrum
Holding Corp> for a proposed 13 mln dlrs in cash.
LVI said an additional 10 mln dlrs in common stock and
seven mln dlrs in notes will become payable if Spectrum has
certain minimum future earnings.
LVI, an interior construction firm, said the acquisition is
subject to execution of a definitive agreement and completion
of due diligence.
LVI and Spectrum, an asbestos abatement concern, expect to
close the deal in June, LVI said.
|
test/15593 | test/15593 |@title texas:1 american:1 tae:1 omit:1 preferred:1 payout:1 |@word texas:1 american:1 energy:1 corp:1 say:1 board:1 decide:1 omit:1 quarterly:1 dividend:2 2:1 575:1 dlr:1 cumulative:1 convertible:1 exchangeable:1 preferred:1 stock:1 would:1 payable:1 may:1 one:1 company:1 last:1 pay:1 64:1 3:1 ct:1 share:1 issue:1 august:1 1986:1 | TEXAS AMERICAN <TAE> OMITS PREFERRED PAYOUT
Texas American Energy Corp said
its board has decided to again omit the quarterly dividend on
its 2.575 dlr cumulative convertible exchangeable preferred
stock.
The dividend would have been payable May One. The company
last paid 64.3 cts a share on the issue in August 1986.
|
test/15594 | test/15594 |@title vornado:1 inc:1 vno:1 4th:1 qtr:1 jan:1 31:1 net:1 |@word shr:2 1:3 64:1 dlrs:4 vs:8 56:1 net:2 4:3 583:1 000:2 5:3 313:1 revs:2 20:2 mln:10 19:1 avg:2 shrs:2 2:2 8:1 3:4 year:1 06:1 92:1 16:1 74:1 6:1 68:1 | VORNADO INC <VNO> 4TH QTR JAN 31 NET
Shr 1.64 dlrs vs 1.56 dlrs
Net 4,583,000 vs 5,313,000
Revs 20.1 mln vs 19 mln
Avg shrs 2.8 mln vs 3.4 mln
Year
Shr 5.06 dlrs vs 5.92 dlrs
Net 16 mln vs 20.3 mln
Revs 74.6 mln vs 68 mln
Avg shrs 3.2 mln vs 3.4 mln
|
test/15595 | test/15595 |@title brenda:1 mines:1 sell:1 kerr:1 addison:1 share:1 |@word brenda:1 mines:2 ltd:3 say:1 sell:1 2:1 830:1 390:1 kerr:1 addison:1 share:1 group:1 underwriter:1 lead:1 wood:1 gundy:1 inc:1 brown:1 baldwin:1 nisker:1 redistribution:1 financial:1 term:1 undisclose:1 | BRENDA MINES SELLING KERR ADDISON SHARES
<Brenda Mines Ltd> said it sold
2,830,390 <Kerr Addison Mines Ltd> shares to a group of
underwriters led by Wood Gundy Inc and Brown, Baldwin Nisker
Ltd for redistribution.
Financial terms were undisclosed.
|
test/15596 | test/15596 |@title phoenix:1 financial:1 phfc:1 buy:1 data:1 access:1 stake:1 |@word data:3 access:5 systems:1 inc:1 say:4 chairman:4 david:1 cohen:2 sell:1 1:1 800:1 000:1 common:1 share:1 phoenix:4 financial:2 corp:1 undisclosed:1 term:1 resign:2 chief:1 executive:1 officer:1 company:1 27:1 pct:1 interest:1 effective:1 control:1 datum:2 martin:1 ackerman:1 name:2 well:1 two:1 representative:1 board:2 four:1 director:1 | PHOENIX FINANCIAL <PHFC> BUYS DATA ACCESS STAKE
Data Access Systems Inc said
chairman David Cohen has sold 1,800,000 common shares to
Phoenix Financial corp for undisclosed terms and resigned as
chairman and chief executive officer.
The company said Phoenix Financial now has a 27 pct
interest in Data Access and effective control.
Data Access said Phoenix chairman Martin S. Ackerman has
been named chairman of Data Access as well and two other
Phoenix representatives have been named to the Data Access
board. It said four directors other than Cohen have resigned
from the board.
|
test/15597 | test/15597 |@title health:1 rehabilitation:1 hrp:1 initial:1 payout:1 |@word health:1 rehabilitation:1 property:1 trust:1 say:3 declare:1 intitial:2 dividend:3 55:1 ct:3 per:1 share:2 period:2 end:2 march:2 31:3 1987:3 pay:1 may:1 20:2 shareholder:1 record:1 april:1 company:2 organize:1 late:1 1986:3 close:1 public:1 offering:1 dec:2 23:2 initital:1 include:1 five:1 attributable:2 50:1 first:1 qtr:1 | HEALTH AND REHABILITATION <HRP> INITIAL PAYOUT
Health and Rehabilitation
Properties Trust said it declared an intitial dividend of 55
cts per share for the period ending March 31, 1987
The dividend will be payed May 20 to shareholders of record
on April 20, the company said.
The company said it organized in late 1986 and closed its
intitial public offering of shares Dec 23, 1986.
The initital dividend includes five cts attributable to the
period between Dec 23 and 31, 1986, and 50 cts attributable to
the first qtr of 1987, ending March 31, 1987.
|
test/15598 | test/15598 |@title rowe:1 price:1 trow:1 see:1 high:1 first:1 quarter:1 |@word rowe:1 price:1 associates:1 say:2 first:1 quarter:1 earning:2 rise:1 50:1 pct:2 year:3 ago:2 2:2 634:1 000:1 dlrs:4 revenue:3 30:1 24:1 mln:3 expect:1 good:1 growth:1 1986:1 earn:1 14:1 8:1 111:1 1:1 | T. ROWE PRICE <TROW> SEES HIGHER FIRST QUARTER
T. Rowe Price Associates said its
first quarter earnings rose about 50 pct from the year-ago
2,634,000 dlrs and revenues about 30 pct from the year-ago 24.2
mln dlrs.
It said it expects 'very good' earnings and revenue growth
this year. In 1986 it earned 14.8 mln dlrs on revenues of
111.1 mln dlrs.
|
test/15600 | test/15600 |@title general:1 partners:1 cut:1 stake:1 gencorp:1 gy:1 |@word general:3 partners:1 tell:1 securities:1 exchange:1 commission:1 reduce:1 stake:1 gencorp:3 inc:3 8:2 6:1 pct:2 9:1 sell:1 250:1 000:1 share:4 price:1 equal:1 118:1 5:1 dlrs:2 per:1 partner:1 include:1 gc:1 holdings:1 acquisitions:1 say:1 yesterday:1 drop:1 100:1 dlr:1 hostile:1 takeover:1 bid:1 move:1 buy:1 back:1 130:1 | GENERAL PARTNERS CUTS STAKE IN GENCORP <GY>
General Partners told the Securities
and Exchange Commission it has reduced its stake in GenCorp Inc
to 8.6 pct, from 9.8 pct, by selling 250,000 shares at a price
equal to 118.5 dlrs per share.
General Partners, which includes GC Holdings Inc and
General Acquisitions Inc, said yesterday it was dropping its
100-dlr-a-share hostile takeover bid for GenCorp because of
GenCorp's move to buy back its shares for up to 130 dlrs each.
|
test/15601 | test/15601 |@title heritage:1 financial:1 service:1 1st:1 qtr:1 net:1 |@word shr:1 45:1 ct:2 vs:3 43:1 net:1 1:2 503:1 000:3 938:1 avg:1 shrs:1 3:1 358:1 664:2 2:1 158:1 note:1 company:1 initial:1 public:1 offering:1 200:1 share:1 october:1 1986:1 | HERITAGE FINANCIAL SERVICES <HERS> 1ST QTR NET
Shr 45 cts vs 43 cts
Net 1,503,000 vs 938,000
Avg shrs 3,358,664 vs 2,158,664
NOTE: Company had its initial public offering of 1,200,000
shares in October, 1986
|
test/15602 | test/15602 |@title national:1 computer:1 nlcs:1 see:1 earning:1 growth:1 |@word national:3 computer:3 systems:1 inc:1 expect:2 fiscal:1 year:4 earning:3 improve:2 20:1 pct:1 company:3 tell:1 analyst:1 although:1 say:5 april:1 30:1 first:2 quarter:3 show:1 virtually:1 flat:1 revenue:2 chairman:1 charles:1 oswald:2 take:1 step:1 margin:1 increase:2 modestly:1 decision:1 downsize:1 leasing:1 business:1 nonrecurring:1 revenueslast:1 one:1 time:1 texas:1 teacher:1 assessment:1 project:1 impact:1 discontinuance:1 product:1 last:2 result:2 major:1 financial:1 system:1 sale:1 high:1 effective:1 tax:1 rate:1 number:1 share:1 outstanding:1 next:1 three:1 consecutive:1 demonstrate:1 excellent:1 growth:1 | NATIONAL COMPUTER <NLCS> SEES EARNINGS GROWTH
National Computer Systems Inc
expects fiscal year earnings to improve by about 20 pct, the
company told analysts, although it said the April 30 first
quarter should show 'down earnings and virtually flat
revenues.'
Chairman Charles Oswald said National Computer has taken
steps to improve margins. He said revenues are expected to
increase modestly because of the company's decision to downsize
its leasing business, nonrecurring revenueslast year from a
one-time Texas teacher assessment project and the impact of the
discontinuance of products last year.
Oswald said National Computer's first quarter results will
be down as a result of a major financial systems sales last
year, a higher effective tax rate and the increased number of
shares outstanding.
The company said the next three consecutive quarters should
demonstrate 'excellent earnings growth.'
|
test/15603 | test/15603 |@title u:2 k:2 chancellor:2 lawson:2 say:2 may:2 need:2 cut:2 interest:2 rate:2 country:2 |@word | U.K. CHANCELLOR LAWSON SAYS THERE MAY BE NEED TO CUT
INTEREST RATES IN SOME COUNTRIES
U.K. CHANCELLOR LAWSON SAYS THERE MAY BE NEED TO CUT
INTEREST RATES IN SOME COUNTRIES
|
test/15605 | test/15605 |@title rexham:1 rxh:1 repurchases:1 stake:1 nortek:1 ntk:1 |@word rexham:7 corp:1 say:3 repurchase:2 381:1 050:1 share:4 9:1 1:1 pct:3 nortek:4 inc:1 42:1 dlrs:2 withdraw:1 proposal:1 acquire:1 43:1 per:1 also:2 agree:1 buy:1 take:1 action:1 10:1 year:1 standstill:1 agreement:1 board:2 reject:1 bid:1 inadequate:1 company:1 authorize:1 open:1 market:1 privately:1 time:2 additional:1 five:1 establishment:1 employee:1 stock:2 ownership:1 plan:3 expect:1 purchase:1 new:1 convertible:1 preferred:1 11:1 5:1 vote:1 power:1 proceed:1 pension:1 overfunde:1 borrowing:1 | REXHAM <RXH> REPURCHASES STAKE FROM NORTEK <NTK>
Rexham Corp said it has
repurchased 381,050 of its shares or 9.1 pct from Nortek Inc
for 42 dlrs each, and Nortek has withdrawn its proposal to
acquire Rexham for 43 dlrs per share.
Rexham said Nortek has also agreed not to buy Rexham shares
or take other actions under a 10-year standstill agreement.
The Rexham board had rejected the Nortek bid as inadequate.
The company also said its board has authorized the
repurchase in the open market or privately from time to time of
up to an additional five pct of its own shares and the
establishment of an Employee Stock Ownership Plan. The plan is
expected to purchase from Rexham a new convertible preferred
stock with 11.5 pct of Rexham's voting power with proceeds of a
pension plan overfunding and borrowings.
|
test/15607 | test/15607 |@title exxon:1 xon:1 cut:1 heating:1 oil:1 price:1 trader:1 say:1 |@word oil:3 trader:2 new:2 york:2 area:1 say:3 exxon:3 corp:1 u:1 unit:1 reduce:1 price:4 charge:1 contract:2 barge:2 customer:1 heat:2 harbor:1 0:1 50:1 cent:1 gallon:1 effective:1 today:1 reduction:1 bring:1 49:1 75:1 decrease:1 follow:1 sharp:1 decline:1 spot:1 future:1 market:1 | EXXON <XON> CUTS HEATING OIL PRICE, TRADERS SAID
Oil traders in the New York area said
Exxon Corp's Exxon U.S.A. unit reduced the price it charges
contract barge customers for heating oil in New York harbor
0.50 cent a gallon, effective today.
They said the reduction brings Exxon's contract barge price
to 49.75. The price decrease follows sharp declines in heating
oil prices in the spot and futures markets, traders said.
|
test/15610 | test/15610 |@title fhlbb:1 change:1 short:1 term:1 discount:1 note:1 rate:1 |@word federal:1 home:1 loan:1 bank:1 board:1 adjust:1 rate:3 short:1 term:1 discount:1 note:1 follow:1 maturity:2 new:1 old:1 30:2 174:2 day:10 5:10 00:6 pct:10 175:2 190:2 88:1 85:1 191:2 270:2 271:2 288:2 92:2 289:2 360:2 | FHLBB CHANGES SHORT-TERM DISCOUNT NOTE RATES
The Federal Home Loan Bank Board
adjusted the rates on its short-term discount notes as follows:
MATURITY NEW RATE OLD RATE MATURITY
30-174 days 5.00 pct 5.00 pct 30-174 days
175-190 days 5.88 pct 5.85 pct 175-190 days
191-270 days 5.00 pct 5.00 pct 191-270 days
271-288 days 5.92 pct 5.92 pct 271-288 days
289-360 days 5.00 pct 5.00 pct 289-360 days
|
test/15613 | test/15613 |@title strathfield:1 oil:1 gas:1 ltd:1 year:1 net:1 |@word shr:1 46:1 ct:2 vs:3 48:1 net:1 1:2 196:1 331:1 341:1 314:1 rev:1 5:1 153:1 109:1 7:1 680:1 350:1 | <STRATHFIELD OIL AND GAS LTD> YEAR NET
Shr 46 cts vs 48 cts
Net 1,196,331 vs 1,341,314
Revs 5,153,109 vs 7,680,350
|
test/15615 | test/15615 |@title fed:1 may:1 add:1 reserve:1 banking:1 system:1 |@word federal:2 reserve:3 may:1 intervene:1 government:1 security:1 market:1 supply:1 temporary:1 indirectly:1 via:1 customer:1 repurchase:1 agreement:1 economist:1 say:2 fed:2 face:1 great:1 urgency:1 add:1 start:1 two:1 week:1 maintenance:1 period:1 today:1 would:1 probably:1 order:1 offset:1 relatively:1 high:2 fund:2 rate:1 open:1 6:2 3:1 16:1 pct:3 remain:1 early:1 trading:1 yesterday:1 average:1 45:1 rise:1 seven:1 close:1 | FED MAY ADD RESERVES TO BANKING SYSTEM
The Federal Reserve may intervene in
the government securities market to supply temporary reserves
indirectly via customer repurchase agreements, economists said.
They said that while the Fed faces no great urgency to add
reserves at the start of the two-week maintenance period today
it would probably do so in order to offset a relatively high
federal funds rate.
Fed funds opened at 6-3/16 pct and remained there in early
trading. Yesterday, they averaged 6.45 pct, after rising as
high as seven pct at the close.
|
test/15616 | test/15616 |@title diamond:1 crystal:1 dslt:1 may:1 sell:1 salt:1 unit:1 |@word diamond:3 crystal:3 salt:2 co:1 say:4 may:1 sell:1 division:4 company:2 retain:1 first:1 boston:1 corp:1 assist:1 possible:1 sale:2 assume:1 fair:1 price:1 reasonable:1 term:2 obtain:1 unit:2 good:1 long:1 interest:1 shareholder:1 also:1 incorporate:1 packet:1 product:1 april:1 one:1 indirect:1 wholly:1 subsidiary:1 call:1 specialty:1 foods:1 inc:1 current:1 management:1 remain:1 | DIAMOND CRYSTAL <DSLT> MIGHT SELL SALT UNIT
Diamond Crystal Salt Co said it
might sell its salt division.
The company said it retained First Boston Corp to assist it
with the possible sale of the division, 'assuming a fair price
and reasonable terms can be obtained.'
Diamond Crystal said sale of the unit was in the best
long-term interests of its shareholders.
The company also said it incorporated its Packet Products
Division as of April one. The unit will be an indirect wholly
owned subsidiary called Diamond Crystal Specialty Foods Inc.
Current management of the division will remain.
|
test/15617 | test/15617 |@title lawson:1 say:1 country:1 could:1 cut:1 rate:1 |@word nigel:1 lawson:7 britain:1 chancellor:1 exchequer:1 say:14 country:4 may:1 need:3 cut:1 interest:4 rate:7 aim:1 maintain:1 exchange:3 stability:1 speak:1 journalist:1 one:2 day:1 group:1 seven:1 reaffirm:1 goal:2 set:1 paris:1 six:2 week:2 ago:1 central:2 bank:2 would:2 continue:3 intervene:1 necessary:1 g:3 7:3 concern:2 japan:2 stimulate:2 domestic:2 demand:2 welcome:3 measure:2 outline:2 japanese:3 finance:1 minister:1 kiichi:1 miyazawa:2 yesterday:3 still:2 worried:1 risk:2 simultaneous:1 recession:1 united:4 states:4 west:1 germany:1 though:1 less:2 give:1 march:1 17:1 budget:3 speech:1 british:1 parliament:1 anything:1 little:1 bit:1 concerned:1 ask:2 consider:1 increase:3 support:1 dollar:2 change:1 relative:1 rise:2 express:1 meeting:1 slow:1 progress:2 make:1 reduce:2 deficit:2 believe:2 worthwhile:1 year:4 important:1 thing:2 february:1 22:1 louvre:3 accord:3 call:2 effort:1 stabilize:1 currency:1 current:2 follow:1 yen:1 despite:1 massive:1 intervention:4 whether:1 sign:2 weakness:3 think:1 although:1 could:1 cause:1 inflation:1 world:1 appear:1 inflationary:1 mode:1 vigilant:1 statement:1 affirm:1 level:1 appropriate:1 carefully:1 word:1 know:1 mean:2 financial:1 market:1 seem:1 source:1 agreement:1 therefore:1 presentation:1 plan:1 supplemental:1 particularly:1 immediate:1 public:1 work:1 spending:1 package:1 also:1 involve:1 second:2 stage:1 expenditure:1 half:1 | LAWSON SAYS SOME COUNTRIES COULD CUT RATES
Nigel Lawson, Britain's Chancellor of
the Exchequer, said some countries may need to cut interest
rates with the aim of maintaining exchange rate stability.
Speaking to journalists one day after the Group of Seven
countries reaffirmed goals set in Paris six weeks ago, he said
central banks would continue to intervene 'as and when
necessary.'
He said the G-7 countries were concerned that Japan do more
to stimulate domestic demand and welcomed measures outlined by
Japanese Finance Minister Kiichi Miyazawa yesterday.
Lawson said he was still worried about the risk of a
simultaneous recession in the United States, Japan and West
Germany, though less so than when he gave his March 17 budget
speech to the British Parliament.
'If anything I'm a little bit less concerned, but there is
still a risk,' he said.
Asked if the United States should consider increasing
interest rates to support the dollar, he said, 'If there is a
need for changes in relative interest rates, it doesn't need to
be a rise in interest rates in the United States.'
Lawson said there was some concern expressed in yesterday's
meetings at the slow progress the United States had made in
reducing its budget deficit.
'We believe there will be some worthwhile progress in
reducing the deficit this year. The important thing is that it
continue year after year,' Lawson said.
The February 22 Louvre accord called for efforts to
stabilize currencies at then-current exchange rates. In the six
weeks that followed the Japanese yen continued to rise against
the dollar despite massive central bank intervention.
Asked whether this intervention was a sign of weakness in
the Louvre accord, he said, 'I don't think so. If there had been
no intervention you would have called that a sign of weakness.'
Although intervention could be a cause of inflation, Lawson
said, 'the world does not appear to be in an inflationary mode
... but one has to be vigilant.'
He said yesterday's G-7 statement, which affirmed that
'current levels' of exchange rates were appropriate, had been
'carefully worded.' 'We know what we mean, and we all mean the
same thing,' he said.
Lawson said financial markets seem to believe that Japanese
measures outlined in the Louvre accord were the source of
weakness for that agreement.
Therefore, the G-7 countries welcomed Miyazawa's
presentation of plans for a supplemental budget to stimulate
domestic demand.
They particularly welcomed the goal of an immediate
increase in public works spending, but Lawson said the package
also involved a second stage to increase expenditures during
the second half of this year.
|
test/15618 | test/15618 |@title french:1 free:1 market:1 cereal:1 export:1 bid:1 detail:1 |@word french:1 operator:1 request:3 licence:1 export:1 320:1 000:8 tonne:10 free:2 market:2 barley:3 225:1 maize:3 25:2 bread:2 make:2 wheat:4 20:1 feed:2 today:1 ec:1 tender:1 trade:1 source:2 say:2 rebate:3 138:2 141:1 european:1 currency:1 unit:1 ecus:8 per:2 seek:1 129:1 65:1 139:2 around:2 145:1 142:1 45:1 50:1 total:2 40:1 85:1 130:1 55:1 131:1 105:1 | FRENCH FREE MARKET CEREAL EXPORT BIDS DETAILED
French operators have requested licences
to export 320,000 tonnes of free market barley, 225,000 tonnes
of maize, 25,000 tonnes of free market bread-making wheat and
20,000 tonnes of feed wheat at today's EC tender, trade sources
said.
For the barley, rebates of between 138 and 141.25 European
currency units (Ecus) per tonne were sought, for maize they
were between 129.65 and 139 Ecus, for bread-making wheat around
145 Ecus and for feed wheat around 142.45 Ecus.
Barley rebates of up to 138.50 Ecus were requested for a
total of 40,000 tonnes and at 139 Ecus for 85,000 tonnes.
Rebates of up to 130 Ecus per tonne were requested for a
total of 55,000 tonnes maize and up to 131 Ecus for 105,000
tonnes, the sources said.
|
test/15620 | test/15620 |@title u:1 k:1 potato:1 future:1 trade:1 suspend:1 |@word trade:3 london:2 potato:5 future:8 market:6 suspend:1 richard:1 harris:3 chairman:1 futures:1 association:2 lpfa:4 say:6 statement:1 floor:1 member:1 response:1 strong:1 representation:1 marketing:1 board:1 pmb:4 complain:1 gross:1 distortion:1 price:3 result:1 large:2 delivery:1 physical:5 april:3 position:1 expire:1 seek:1 immediate:1 suspension:1 trading:1 ask:1 take:2 action:1 restore:1 relationship:1 farmer:1 merchant:2 allege:1 squeeze:1 cornering:1 point:1 recent:1 investigation:1 broker:1 dealer:1 afbd:1 international:1 commodities:1 clearing:1 house:1 icch:1 party:1 find:1 evidence:1 substantiate:1 main:1 complaint:1 section:1 unrealistic:1 premium:1 average:2 ex:1 farm:1 morning:1 168:1 170:1 stg:4 per:2 tonne:2 compare:1 104:1 bill:1 englebright:1 joint:1 secretary:1 two:1 tier:1 quality:2 short:1 supply:1 prepacker:1 pay:1 145:1 165:1 good:1 sample:1 less:1 grade:1 100:1 fear:1 tonnage:1 deliver:1 contract:1 end:1 month:1 possibly:1 disrupt:1 rule:1 book:1 allow:1 management:1 committee:2 step:1 necessary:1 correct:1 malpractice:1 assure:1 monitor:1 situation:1 | U.K. POTATO FUTURES TRADING NOT TO BE SUSPENDED
Trading on the London potato futures
market will not be suspended, Richard Harris, Chairman of the
London Potato Futures Association (LPFA), said in a statement
to floor members.
It was in response to strong representations by the Potato
Marketing Board (PMB) complaining of a gross distortion of
price which they say will result in large deliveries into the
physical market when the April futures position expires.
The PMB had sought an immediate suspension in futures
trading and asked the LPFA to take action to restore the
relationship between futures and physicals.
Farmers and merchants have alleged a squeeze and cornering
of the market but Harris pointed out that recent investigations
by the Association of Futures Brokers and Dealers (AFBD), the
International Commodities Clearing House (ICCH) and other
parties, found no evidence to substantiate this.
The main complaint from some sections of the physical
market is what they say is an unrealistic futures premium over
the PMB's average ex-farm price. April futures traded this
morning between 168 and 170 stg per tonne compared with PMB's
average price of 104 stg.
Bill Englebright, joint secretary of the LPFA said there is
a two-tier market for physical potatoes. He said quality
potatoes are in short supply and prepackers have been paying
between 145 and 165 stg per tonne for best samples. But lesser
quality grades have traded below 100 stg.
Some merchants fear that a large tonnage will be delivered
against the April futures contract between now and the end of
the month, and possibly disrupt the physical market.
Harris said the LPFA rule book allows the management
committee to take steps as necessary to correct any malpractice
and he assured the committee is monitoring the situation.
|
test/15621 | test/15621 |@title group:1 10:1 welcome:1 late:1 g:1 7:1 agreement:1 |@word group:3 10:6 develop:1 nation:1 issue:2 communique:3 welcome:1 reaffirmation:1 paris:1 accord:1 currency:3 stability:3 seven:2 lead:1 industrial:1 democracy:1 yesterday:1 morning:2 g:6 say:2 prospect:1 member:2 country:1 economy:1 would:1 improve:1 exchange:1 rate:1 include:1 united:1 states:1 canada:1 britain:1 japan:1 italy:1 west:1 germany:1 france:1 plus:1 belgium:1 netherlands:1 sweden:1 also:1 switzerland:1 source:1 attend:1 conference:1 reference:1 late:1 7:1 agreement:1 especially:1 add:1 brief:1 benefit:1 meet:1 briefly:1 international:1 monetary:1 fund:1 interim:1 committee:1 meeting:1 schedule:1 today:1 | GROUP OF 10 WELCOMES LATEST G-7 AGREEMENT
The Group of 10 developed nations
issued a communique welcoming the reaffirmation of the Paris
accord on currency stability by the Group of Seven leading
industrial democracies yesterday.
In the communique issued this morning, the G-10 said
'prospects of member countries' economies would be improved by
stability in the exchange rates of their currencies.'
The G-10 includes the group of seven - the United States,
Canada, Britain, Japan, Italy, West Germany and France - plus
Belgium, the Netherlands, Sweden and also Switzerland.
Sources who attended the G-10 conference this morning said
the reference to the latest G-7 agreement was especially added
to the brief communique because currency stability will benefit
all the G-10 members.
The G-10 met briefly before the International Monetary Fund
Interim Committee meeting scheduled for today.
.
|
test/15623 | test/15623 |@title canam:1 manac:1 win:1 8:1 5:1 mln:1 dlr:1 contract:1 |@word canam:3 manac:2 group:1 inc:2 say:2 steel:2 work:1 unit:1 receive:1 contract:1 value:1 8:1 5:1 mln:1 dlrs:1 supply:1 truss:2 canron:1 new:1 car:1 plant:2 ingersoll:1 ontario:2 produce:1 quebec:1 delivery:1 complete:1 august:1 | CANAM MANAC WINS 8.5 MLN DLR CONTRACT
(The Canam Manac Group Inc) said its
Canam Steel Works unit received a contract valued at 8.5 mln
dlrs to supply steel trusses to (Canron Inc) for a new car
plant in Ingersoll, Ontario.
Canam Manac said it will produce the trusses at its Quebec
and Ontario plants and delivery will be completed by August.
|
test/15624 | test/15624 |@title spot:1 tin:1 easy:1 european:1 free:1 market:1 |@word spot:2 tin:2 european:1 free:1 market:3 indicate:1 easy:1 range:1 4:4 200:2 230:1 stg:4 per:3 tonne:1 high:2 grade:2 metal:2 warehouse:1 rotterdam:1 20:1 yesterday:1 afternoon:1 kerb:1 close:2 stability:1 sterling:1 versus:1 dollar:1 continue:1 apply:1 pressure:1 come:1 test:1 psychological:1 chart:1 support:1 base:1 trader:2 say:3 dealer:1 major:1 consumer:1 still:2 need:1 cover:1 may:1 june:1 requirement:1 hold:1 even:1 low:1 offer:1 report:2 business:2 london:1 confine:1 end:1 april:1 225:1 small:1 scale:1 west:1 german:1 operator:1 12:3 60:1 63:1 mark:2 kilo:2 although:1 undercut:1 chinese:1 material:1 trade:1 one:1 stage:1 54:1 | SPOT TIN EASIER ON EUROPEAN FREE MARKET
Spot tin on the European free market was
indicated in the easier range 4,200 to 4,230 stg per tonne, for
high grade metal in warehouse Rotterdam, down 20 stg from
yesterday's afternoon kerb close.
Stability in sterling versus the dollar continued to apply
pressure to a market which is coming close to testing a
psychological chart support base at 4,200 stg, traders said.
Dealers said major consumers still need to cover their May
and June requirements but are holding out for even lower
offers. Reported high grade tin business in London was confined
to end April metal at 4,225 stg.
Small-scale spot business was reported by West German
operators at 12.60 and 12.63 marks per kilo although the market
was still being undercut by Chinese material, which traded at
one stage down to 12.54 marks per kilo, traders said.
|
test/15625 | test/15625 |@title dollar:1 end:1 low:1 lacklustre:1 frankfurt:1 |@word dollar:3 drift:1 end:5 one:1 pfennig:1 low:2 lacklustre:1 session:1 hold:1 limit:1 lack:1 concrete:1 news:1 group:1 seven:1 meeting:3 comment:3 edge:1 washington:1 imf:1 world:1 bank:4 dealer:3 say:5 communique:2 early:1 european:1 morning:1 g:2 7:3 contain:1 significant:1 new:2 factor:1 although:1 dip:2 generally:1 resist:1 attempt:1 push:1 day:2 u:1 currency:2 1:5 8270:1 80:3 mark:6 yesterday:5 last:3 8365:1 75:1 koch:2 assessment:1 direction:1 base:1 global:1 view:1 operator:1 pay:1 attention:1 finance:1 official:1 see:3 closely:1 state:2 adherence:1 international:1 agreement:2 set:1 plaza:1 hotel:1 1985:1 paris:1 february:1 22:1 describe:1 wording:1 soft:2 wax:1 bundebank:1 vice:1 president:2 helmut:1 schlesinger:3 tell:1 reuters:1 telephone:1 interview:1 german:3 central:4 current:1 reason:1 change:1 monetary:1 course:1 present:1 respond:2 question:1 follow:1 remark:1 bundesbank:2 board:1 member:1 claus:1 koehler:1 west:1 berlin:1 dieter:1 hiss:1 revive:1 speculation:1 interest:1 rate:4 cut:3 may:2 consideration:1 call:1 money:1 slightly:2 today:1 around:3 3:4 70:1 pct:5 liquidity:1 injection:1 add:1 via:1 security:1 repurchase:1 next:2 week:2 hope:1 dash:1 tuesday:1 allocation:1 unchanged:2 speaking:1 pact:1 tender:1 since:1 council:1 give:1 opinion:1 theme:1 every:1 14:1 hardly:1 probable:1 euromark:1 scarcely:1 banker:1 six:1 month:1 fund:1 unaltered:1 8:1 eurodollar:1 maturity:1 rise:1 fractional:1 16:2 6:1 11:1 sterling:1 2:2 952:1 956:1 960:1 965:1 night:2 swiss:1 franc:3 firm:1 120:2 30:2 45:1 per:4 100:4 25:1 40:1 yen:1 soar:1 however:2 2570:1 90:1 2515:1 35:1 ems:1 french:1 03:1 06:1 belgian:1 ease:1 4:2 829:1 831:2 833:1 | DOLLAR ENDS LOWER IN LACKLUSTRE FRANKFURT
The dollar drifted down to end one
pfennig lower after a lacklustre session, held in limits by the
lack of concrete news from the Group of Seven meeting and
comments on the edge of the Washington IMF/World Bank meeting.
Dealers said the communique early in the European morning
from the G-7 meeting contained no significant new factors and
although the dollar dipped it generally resisted further
attempts to push it lower through the day.
The U.S. Currency ended at 1.8270/80 marks, below
yesterday's last 1.8365/75.
Koch said the assessment of the dollar's direction was
based on a global view, with operators paying most attention to
comments by finance officials to see how closely they stated
adherence to international agreements such as those set at the
Plaza Hotel in 1985 and in Paris on February 22.
Koch described the wording of the communique from the G-7
as 'soft as wax.'
Bundebank vice-president Helmut Schlesinger told Reuters in
a telephone interview that the German central bank sees no
current reason to change monetary course at present.
Schlesinger was responding to questions following remarks
yesterday by Bundesbank board member Claus Koehler and West
Berlin state central bank president Dieter Hiss, which dealers
said revived some speculation that German interest rate cuts
may be under consideration.
German call money was slightly softer today, at around 3.70
pct after 3.80 yesterday.
Some dealers said rates on new liquidity injections added
via Bundesbank securities repurchase agreements may be cut next
week. Hopes of a cut were dashed on Tuesday with an allocation
at an unchanged 3.80 pct.
But speaking of the pact tender rate next week, Schlesinger
said, 'since the central bank council gives its opinion on this
theme only every 14 days, this is hardly probable.'
Euromark rates scarcely responded to the central bankers
comments, with six months funds ending unaltered at around
3-7/8 pct. Eurodollars for the same maturity rose a fractional
1/16 pct from yesterday to around 6-11/16 pct.
Sterling dipped to end at 2.952/956 marks after 2.960/965
last night. The Swiss franc firmed slightly to 120.30/45 marks
per 100 from 120.25/40, with the yen soaring however to
1.2570/90 marks per 100 from 1.2515/35 yesterday.
EMS currencies saw the French franc end unchanged from last
night at 30.03/06 marks per 100, with the Belgian franc easing
however to 4.829/831 marks per 100 from 4.831/833.
|
test/15626 | test/15626 |@title consolidated:1 papers:1 inc:1 cper:1 1st:1 qtr:1 net:1 |@word shr:1 1:2 01:1 dlrs:2 vs:3 08:1 net:1 21:1 983:1 000:2 23:1 434:1 sale:1 174:1 9:1 mln:2 161:1 7:1 | CONSOLIDATED PAPERS INC <CPER> 1ST QTR NET
Shr 1.01 dlrs vs 1.08 dlrs
Net 21,983,000 vs 23,434,000
Sales 174.9 mln vs 161.7 mln
|
test/15629 | test/15629 |@title humana:1 hum:1 sell:1 medical:1 office:1 |@word humana:2 inc:1 say:3 agree:1 principle:1 sell:1 68:1 medfirst:2 primary:1 medical:1 care:1 facility:1 primedical:1 corp:1 undisclosed:1 term:1 transfer:1 take:1 place:1 next:1 four:1 month:1 retain:1 37:1 office:1 mostly:1 chicago:1 area:1 transaction:1 expect:1 impact:1 earning:1 | HUMANA <HUM> TO SELL MEDICAL OFFICES
Humana Inc said it has agreed in
principle to sell 68 MedFirst primary medical care facilities
to <Primedical Corp> for undisclosed terms, with transfers
taking place over the next four months.
It said it retains 37 MedFirst offices, mostly in the
Chicago area.
The transaction is not expected to have any impact on
earnings, Humana said.
|
test/15632 | test/15632 |@title met:1 coil:1 systems:1 corp:1 mets:1 3rd:1 qtr:1 feb:1 28:1 net:1 |@word shr:2 seven:1 ct:6 vs:7 nine:2 net:2 168:1 000:4 206:1 sale:2 15:1 3:1 mln:4 10:2 9:1 mth:1 38:1 228:1 649:1 35:1 8:1 32:1 5:1 qtly:1 div:1 three:2 prior:1 pay:1 april:2 30:1 record:1 20:1 | MET-COIL SYSTEMS CORP<METS> 3RD QTR FEB 28 NET
Shr seven cts vs nine cts
Net 168,000 vs 206,000
Sales 15.3 mln vs 10.9 mln
Nine mths
Shr 10 cts vs 38 cts
Net 228,000 vs 649,000
Sales 35.8 mln vs 32.5 mln
Qtly div three cts vs three cts prior
Pay April 30
Record April 20
|
test/15634 | test/15634 |@title ford:2 raise:2 qtly:2 payout:2 10:2 ct:4 shr:2 75:2 |@word | FORD RAISES QTLY PAYOUT 10 CTS/SHR TO 75 CTS
FORD RAISES QTLY PAYOUT 10 CTS/SHR TO 75 CTS
|
test/15636 | test/15636 |@title lawson:1 see:1 change:1 u:1 k:1 monetary:1 policy:1 |@word british:2 chancellor:1 exchequer:1 nigel:1 lawson:1 say:2 see:1 immediate:2 implication:2 monetary:2 policy:2 arise:1 group:1 seven:1 meeting:1 yesterday:1 exchange:1 rate:1 stability:1 u:2 k:2 interest:1 tell:1 journalist:1 ask:1 mean:1 think:1 | LAWSON SEES NO CHANGE IN U.K. MONETARY POLICY
British Chancellor of the Exchequer
Nigel Lawson said he saw no immediate implications for British
monetary policy arising from the Group of Seven meeting
yesterday.
'Exchange rate stability is in the U.K.'s interest,' he told
journalists.
Asked what it meant for U.K. monetary policy, he said, 'No,
I do not think there are any immediate implications.'
|
test/15637 | test/15637 |@title ford:1 motor:1 co:1 f:1 raise:1 qtly:1 payout:1 |@word qtly:1 div:1 75:1 ct:2 vs:1 65:1 prior:1 pay:1 june:1 one:2 record:1 may:1 | FORD MOTOR CO <F> RAISES QTLY PAYOUT
Qtly div 75 cts vs 65 cts prior
Pay June one
Record May one
|
test/15639 | test/15639 |@title talk:1 point:1 steel:1 company:1 |@word steel:8 stock:5 healthy:1 runup:1 recently:1 still:2 present:1 short:3 term:3 investment:3 opportunity:1 accord:1 analyst:3 say:13 upturn:1 base:2 strong:2 order:4 firm:1 price:5 spring:1 strictly:2 seasonal:3 end:1 soon:1 recommend:6 take:1 profit:1 time:1 year:6 charles:1 bradford:6 merrill:2 lynch:1 co:1 two:2 month:1 sign:1 rate:2 start:2 dive:1 already:1 dean:1 witter:1 reynolds:1 inc:5 clarence:1 morrison:2 see:6 potential:2 group:2 include:2 usx:7 corp:2 x:1 bethlehem:1 bs:1 armco:7 inland:3 industries:1 iad:1 attractiveness:1 intermediate:1 improved:1 rise:1 one:2 however:1 modernize:1 steelmaking:2 operation:2 make:1 efficient:1 despite:1 bearishness:1 continue:1 major:1 turnaround:1 profitable:1 balance:1 sheet:1 improve:2 oilfield:1 equipment:1 business:1 slimme:1 put:1 joint:1 venture:1 note:1 high:4 quality:1 situation:1 yet:1 come:3 long:1 way:1 think:2 moderately:1 better:1 market:2 share:5 trade:2 1:3 4:1 10:1 today:1 could:2 go:2 12:1 possibly:1 15:1 earn:3 50:2 75:1 ct:2 1987:2 special:1 gain:1 recouped:1 tax:1 credit:2 loss:2 last:3 1988:2 earning:2 significantly:1 sale:3 buy:1 20:1 get:1 28:2 let:1 somebody:1 else:1 energy:1 concern:1 dlr:1 half:1 asset:1 dlrs:3 2:3 lot:2 depend:1 oil:2 add:1 60:1 pct:1 natural:1 gas:1 michelle:1 galanter:1 applebaum:3 salomon:2 brothers:2 company:1 restructuring:1 give:1 mid:1 30:1 8:1 predict:1 18:1 73:1 next:1 large:1 1986:1 also:2 positive:2 since:1 november:1 peter:1 marcus:1 painewebber:1 neutral:1 although:1 outlook:1 third:1 quarter:1 trouble:1 beyond:1 booking:1 basis:1 drop:2 summer:1 dropoff:1 later:1 negative:1 cite:1 reduce:1 capacity:1 domestic:1 industry:1 well:1 weak:1 dollar:1 cause:1 import:1 slightly:1 | TALKING POINT/STEEL COMPANIES
Steel stocks, which have had a healthy
runup recently, still present some short term investment
opportunities, according to some steel analysts.
But others say the upturn, based on strong orders and firm
prices this spring, has been strictly seasonal and will end
soon. They recommend taking profits.
'It's that time of year. This is strictly seasonal,' said
Charles Bradford of Merrill Lynch and Co. 'Orders will be
strong for about two months, and there are signs that some
(order rates) are starting to dive already.'
But Dean Witter Reynolds Inc analyst Clarence Morrison sees
some short-term potential in the group, which includes USX Corp
<X>, Bethlehem Steel Corp <BS>, Armco Inc <AS> and Inland Steel
Industries Inc <IAD>.
'There is still some attractiveness to steels over the
short- to intermediate-term based on improved order rates and
rising prices,' Morrison said. He only recommends one stock,
however, Inland, which is modernizing steelmaking operations to
make them more efficient.
Despite his bearishness, Merrill's Bradford continues to
recommend Armco, which he sees as a major turnaround.
Armco's steelmaking operations are profitable, the balance
sheet has been improved, and its oilfield equipment business
has been slimmed and put in a joint venture with USX, Bradford
noted. 'It's not a high-quality investment situation yet but
they've come a long way,' he said.
'We think the stock will do moderately better than the
market,' he said. Armco shares, trading off 1/4 at 10 today,
could go to 12, and possibly as high as 15, he said.
Bradford sees Armco earning 50 to 75 cts a share in 1987,
before special gains from recouped investment tax credits,
against losses last year.
Armco's 1988 earnings could be significantly higher, he
said.
Bradford is recommending sale of USX shares. 'We had a buy
on it below 20 but when it gets to 28, let somebody else have
it,' he said.
The steel and energy concern will earn about one dlr a
share in 1987, about half of that coming from asset sales, and
from two dlrs to 2.50 dlrs in 1988, Bradford said. 'But a lot
depends on oil prices,' he added. About 60 pct of USX's sales
come from oil and natural gas.
Other analysts, including Michelle Galanter Applebaum of
Salomon Brothers Inc, recommend USX. 'The company's done a lot
(of restructuring), more than the market's given them credit
for,' she said.
She sees the stock going to the mid 30s or higher. USX was
trading up 1/8 at 28-1/2. She predicts USX will earn 18 cts a
share this year and 2.73 dlrs next year against large losses in
1986.
Applebaum, who is also positive on Armco and Inland, has
been recommending the stocks since last November.
Peter Marcus of Painewebber Inc is neutral on the group
although he said the earnings outlook is improved through the
third quarter.
But he sees potential trouble beyond then. 'I think (steel)
prices on a bookings basis will start to drop by the summer,'
he said.
Applebaum of Salomon Brothers also sees some seasonal
dropoff later in the year. 'But there are more positives than
negatives,' she said, citing reduced capacity in the domestic
industry, better prices, and a weaker dollar, which should
cause steel imports to drop off slightly from last year.
|
test/15640 | test/15640 |@title dekalb:1 corp:1 dklbb:1 2nd:1 qtr:1 feb:1 28:1 net:1 |@word shr:1 20:1 ct:4 vs:6 14:1 net:2 2:1 4:2 mln:8 1:1 7:2 revs:2 136:1 174:1 six:1 mth:1 sdhr:1 72:1 82:1 8:2 6:1 9:2 212:1 5:1 268:1 | DEKALB CORP <DKLBB> 2ND QTR FEB 28 NET
Shr 20 cts vs 14 cts
Net 2.4 mln vs 1.7 mln
Revs 136.7 mln vs 174.4 mln
Six Mths
SDhr 72 cts vs 82 cts
Net 8.6 mln vs 9.9 mln
Revs 212.5 mln vs 268.8 mln
|
test/15641 | test/15641 |@title abbott:1 abt:1 see:1 gain:1 weak:1 dollar:1 |@word abbott:4 laboratories:1 inc:1 say:5 1987:2 first:5 quarter:5 record:3 result:1 reflect:1 continued:1 productivity:1 improvement:1 high:1 volume:1 well:1 product:4 mix:1 weak:1 u:1 dollar:1 report:1 earning:1 rise:2 142:1 mln:6 dlrs:7 62:1 ct:1 share:1 sale:5 one:1 billion:1 research:1 development:1 expense:1 apply:1 diagnostic:1 pharmaceutical:2 increase:1 23:1 pct:5 78:1 nutritional:1 548:1 17:1 6:1 year:1 ago:1 hospital:1 laboratory:1 14:1 1:2 456:1 domestic:1 market:1 advance:1 11:1 5:1 688:1 international:1 jump:1 27:1 316:1 | ABBOTT <ABT> SEES GAINS FROM WEAKER DOLLAR
Abbott Laboratories Inc said
its 1987 first quarter record results reflected continued
productivity improvement, higher volume, better product mix and
a weaker U.S. dollar.
Abbott reported 1987 first quarter earnings rose to a
record 142 mln dlrs or 62 cts a share on record sales of one
billion dlrs.
Research and development expenses, most of which was
applied to diagnostic and pharmaceutical products, increased by
23 pct to 78 mln dlrs, it said.
Sales of pharmaceutical and nutritional products were 548
mln dlrs in the first quarter, up 17.6 pct over a year ago,
Abbott said. Hospital and laboratory product sales in the first
quarter rose 14.1 pct to 456 mln dlrs, it said.
First quarter sales in domestic markets advanced 11.5 pct
to 688 mln dlrs while international sales jumped 27.1 pct to
316 mln dlrs, Abbott said.
|
test/15642 | test/15642 |@title eastern:1 distributive:1 beef:1 trade:1 weekly:1 usda:1 |@word demand:1 good:1 moderate:1 supply:1 beef:2 cut:4 however:1 limit:1 interest:1 note:1 tenderloin:1 flank:1 steak:1 yield:1 grade:1 2:1 3:1 fabricate:1 item:1 vacuum:1 pack:1 lbs:1 choice:1 round:4 steady:1 11:1 00:1 160:1 part:1 bnls:2 50:1 85:2 137:1 161:2 42:1 80:1 147:1 diamond:1 49:1 149:1 167:1 knuckle:2 8:2 15:2 148:1 167a:1 peel:1 163:1 168:1 top:1 inside:1 14:1 26:1 165:1 175:1 170:1 bottom:1 gooseneck:1 rnd:1 18:1 33:1 131:1 135:1 | EASTERN DISTRIBUTIVE BEEF TRADE WEEKLY - USDA
Demand good for moderate
supplies of most beef cuts, However, limited interest noted for
tenderloins/flank steaks. Yield grade 2-3 beef cuts, fabricated
items, vacuum packed.
LBS CHOICE
ROUND CUTS -steady/up 11.00
160 round, part bnls 50-85 few 137
161 round, bnls 42-80 few 147
161 diamond cut 49-85 few 149
167 knuckle 8-15 few 148
167a knuckle, peeled 8-15 few 163
168 top inside round 14-26 165-175
170 bottom gooseneck rnd 18-33 131-135
More
|
test/15643 | test/15643 |@title brazil:1 cotton:1 crop:1 lower:1 usda:1 report:1 |@word brazil:1 1986:1 87:1 cotton:2 crop:3 estimate:3 reduce:2 710:1 000:4 735:1 tonne:3 lint:1 basis:1 u:1 agriculture:1 department:1 officer:1 sao:2 paulo:2 say:5 field:1 report:3 date:1 april:1 7:1 reduction:1 base:1 expect:1 small:1 harvest:2 center:2 south:2 region:1 550:1 25:1 previous:1 hot:1 dry:1 weather:1 part:1 january:1 excessive:1 rain:1 area:1 february:1 yield:1 prospect:1 may:1 affect:1 quality:2 nearly:1 60:1 pct:1 parana:1 slightly:1 less:1 entering:1 gin:1 fairly:1 good:1 accord:1 trade:1 source:1 | BRAZIL COTTON CROP LOWER -- USDA REPORT
Brazil's 1986/87 cotton crop estimate
has been reduced to 710,000 from 735,000 tonnes (lint basis),
the U.S. Agriculture Department's officer in Sao Paulo said in
a field report.
The report, dated April 7, said the reduction is based on
an expected smaller harvest in the center-south region.
The center-south crop is now estimated at 550,000 tonnes --
25,000 tonnes below the previous estimate.
Hot, dry weather during part of January and excessive rains
in some areas in February reduced yield prospects and may have
affected quality, the report said.
Nearly 60 pct of the crop has been harvested in Parana and
slightly less in Sao Paulo, it said. Cotton entering gins is of
fairly good quality, according to trade sources, it said.
|
test/15646 | test/15646 |@title treasury:2 baker:2 say:2 trade:2 current:2 account:2 imbalance:2 simply:2 sustainable:2 |@word | TREASURY'S BAKER SAYS TRADE, CURRENT ACCOUNT IMBALANCES 'SIMPLY NOT SUSTAINABLE'
TREASURY'S BAKER SAYS TRADE, CURRENT ACCOUNT IMBALANCES 'SIMPLY NOT SUSTAINABLE'
|
test/15648 | test/15648 |@title ec:2 authorise:2 export:2 55:2 000:2 tonne:4 maize:2 maximum:2 rebate:2 130:2 ecus:2 trade:2 source:2 |@word | EC AUTHORISES EXPORT 55,000 TONNES MAIZE, MAXIMUM REBATE 130 ECUS/TONNE - TRADE SOURCES.
EC AUTHORISES EXPORT 55,000 TONNES MAIZE, MAXIMUM REBATE 130 ECUS/TONNE - TRADE SOURCES.
|
test/15649 | test/15649 |@title ec:2 authorise:2 export:2 65:2 000:2 tonne:2 barley:2 maximum:2 rebate:2 138:2 75:2 ecus:2 brussels:2 trade:2 |@word | EC AUTHORISES EXPORT 65,000 TONNES BARLEY, MAXIMUM REBATE 138.75 ECUS - BRUSSELS TRADE
EC AUTHORISES EXPORT 65,000 TONNES BARLEY, MAXIMUM REBATE 138.75 ECUS - BRUSSELS TRADE
|
test/15651 | test/15651 |@title rjr:2 nabisco:2 first:2 quarter:2 net:2 include:2 208:2 mln:4 dlr:4 gain:2 209:2 charge:2 |@word | RJR NABISCO FIRST QUARTER NET TO INCLUDE 208 MLN DLR GAIN, 209 MLN DLR CHARGE
RJR NABISCO FIRST QUARTER NET TO INCLUDE 208 MLN DLR GAIN, 209 MLN DLR CHARGE
|
test/15653 | test/15653 |@title brazil:1 cocoa:1 exporter:1 unlikely:1 limit:1 sale:1 |@word brazilian:1 cocoa:5 exporter:2 likely:1 follow:2 example:2 producers:1 alliance:1 cpa:2 member:2 may:1 limit:1 sale:2 product:1 effort:1 boost:1 world:1 price:2 trade:3 source:4 say:4 similar:1 procedure:1 take:1 past:1 brazil:2 work:1 accord:1 plan:1 market:2 completely:1 free:3 unlike:1 coffee:1 control:1 export:1 registration:1 operate:1 trader:1 respond:1 question:1 whether:1 would:1 meet:2 yaounde:1 banco:1 brasil:1 foreign:1 department:1 cacex:1 never:1 interfere:1 reject:1 certain:1 shipment:1 criterion:1 position:1 local:1 producer:1 always:1 negotiate:1 please:1 buy:1 ten:1 sell:1 eleven:1 think:1 good:1 deal:1 go:1 ahead:1 one:1 add:1 | BRAZIL COCOA EXPORTERS UNLIKELY TO LIMIT SALES
Brazilian cocoa exporters are not
likely to follow the example of Cocoa Producers Alliance, CPA,
members, who may limit sales of the product in an effort to
boost world prices, trade sources said.
They said a similar procedure was taken in the past in
Brazil and that it did not work out according to plans.
'The cocoa market is completely free. Unlike coffee, which
is controlled through export registrations, cocoa exporters in
Brazil operate at their own free will,' a trade source said.
The traders were responding to questions whether they would
follow the example of CPA members meeting in Yaounde.
The sources said the Banco do Brasil's Foreign Trade
Department, CACEX, never interferes in the cocoa market by
rejecting sales that do not meet certain price or shipment
criteria.
'The position of local producers is always to negotiate as
they please. If they buy for ten and sell for eleven and think
it's a good deal, they are free to go ahead,' one source added.
|
test/15655 | test/15655 |@title health:1 rehabilitation:1 hrp:1 set:1 first:1 payout:1 |@word health:1 rehabilitation:1 property:1 trust:1 say:1 board:1 declare:1 initial:2 dividend:2 55:1 ct:3 include:1 50:1 first:1 quarter:1 end:1 five:1 operating:1 period:1 begin:1 december:1 23:1 payable:1 may:1 30:1 record:1 april:1 20:1 | HEALTH/REHABILITATION <HRP> SETS FIRST PAYOUT
Health and Rehabilitation
Properties Trust said its board declared an initial dividend of
55 cts, including 50 cts for the first quarter just ended and
five cts from its initial operating period that began December
23.
The dividend is payable May 30, record April 20.
|
test/15656 | test/15656 |@title u:1 treasury:1 baker:1 say:1 rate:1 shift:1 orderly:1 |@word treasury:1 secretary:1 james:1 baker:5 say:5 change:2 exchange:3 rate:3 generally:2 orderly:2 improve:2 prospect:2 reduction:2 external:2 imbalance:3 sustainable:3 level:2 remark:1 imf:1 policy:1 make:1 interim:1 committee:1 reiterate:1 group:1 seven:1 statement:1 last:1 night:1 substantial:1 since:1 plaza:1 agreement:1 18:1 month:1 ago:1 bring:1 currency:1 within:1 range:1 broadly:1 consistent:1 economic:1 fundamental:1 shift:1 today:1 trade:3 current:1 account:1 simply:1 tell:1 minister:1 reagan:1 administration:1 resist:1 strong:1 domestic:1 pressure:1 protection:1 work:1 closely:1 u:1 congress:1 craft:1 bill:2 yet:1 sure:1 outcome:1 ensure:1 protectionist:1 also:1 urge:1 international:1 monetary:1 fund:2 executive:1 board:1 review:1 possible:1 modification:1 compensatory:1 financing:1 facility:1 annual:1 meeting:1 fall:1 pay:1 particular:1 attention:1 lack:1 continue:1 conditionality:1 associate:1 use:1 cff:1 whether:1 shortfall:1 export:1 earning:1 indeed:1 temporary:1 | U.S. TREASURY'S BAKER SAYS RATE SHIFTS ORDERLY
Treasury Secretary James Baker said
that changes in exchange rates have generally been orderly and
have improved the prospects for a reduction in external
imbalances to more sustainable levels.
In remarks before the IMF's policy-making Interim
Committee, Baker reiterated a Group of Seven statement last
night that the substantial exchange rate changes since the
Plaza agreement 18 months ago have 'now brought currencies
within ranges broadly consistent with economic fundamentals.'
Baker said, 'These exchange rate shifts have generally been
orderly, and have improved prospects for the reduction of
external imbalances to more sustainable levels.'
As they are today, the trade and current account imbalances
'simply are not sustainable,' Baker told the ministers.
He said that the Reagan administration was resisting 'strong
domestic pressure' for trade protection and was working closely
with the U.S. Congress in crafting a trade bill.
'While we cannot yet be sure of the outcome, we are doing
what we can to ensure that the bill is not protectionist,' he
said.
Baker also urged the International Monetary Fund's
executive board to review possible modifications to the Fund's
compensatory financing facility before the annual meeting this
fall.
'We should pay particular attention to the lack of
continuing conditionality associated with the use of the CFF
and to whether shortfalls in export earnings are indeed
temporary,' he said.
|
test/15664 | test/15664 |@title time:1 tl:1 sell:1 part:1 unit:1 |@word time:3 inc:2 say:2 life:2 video:3 subsidiary:1 agree:1 principle:1 sell:1 institutional:1 training:1 business:2 president:1 william:1 v:1 ambrose:2 undisclosed:1 term:1 operate:1 publishing:1 | TIME <TL> TO SELL PART OF UNIT
Time Inc said its Time-Life Video Inc
subsidiary has agreed in principle to sell its institutional
training business to Time-Life Video president William V.
Ambrose for undisclosed terms.
It said the business will operate as Ambrose Video
Publishing.
|
test/15666 | test/15666 |@title sprinkel:1 say:1 tax:1 hike:1 would:1 reduce:1 deficit:1 |@word council:1 economic:2 advisers:1 chairman:1 beryl:1 sprinkel:3 say:3 reagan:1 administration:2 remain:1 strongly:1 opposed:1 tax:1 increase:2 include:1 18:1 billion:1 dlrs:1 new:1 revenue:1 budget:2 plan:1 congressional:1 democrat:1 believe:1 significant:1 taxis:1 would:1 reduce:2 deficit:4 could:1 adverse:1 effect:1 growth:2 tell:1 house:1 rules:1 committee:1 want:1 continue:1 policy:1 gradually:1 restrain:1 government:1 spending:1 promote:1 cut:1 good:1 way:1 lower:1 trade:1 | SPRINKEL SAYS TAX HIKE WOULD NOT REDUCE DEFICIT
Council of Economic Advisers chairman
Beryl Sprinkel said the Reagan Administration remains strongly
opposed to a tax increase, including 18 billion dlrs of new
revenues in the budget plan by Congressional Democrats.
'We believe that significant increases in taxes would not
reduce deficits and could have adverse effects on growth,'
Sprinkel told the House Rules Committee.
He said the Administration wanted to continue its policy of
gradually reducing deficits through restraining government
spending and promoting economic growth. Sprinkel said cutting
the budget deficit was the best way to lower the trade deficit.
|
test/15667 | test/15667 |@title royal:1 business:1 group:1 inc:1 roy:1 2nd:1 qtr:1 march:1 one:1 |@word shr:4 49:1 ct:8 vs:6 five:2 dilute:2 45:1 net:3 651:1 000:5 95:1 rev:2 give:2 1st:1 half:1 57:1 one:2 53:1 781:1 56:1 note:1 current:1 year:1 period:1 include:1 gain:1 873:1 dlrs:1 repurchase:1 security:1 result:1 exclude:1 business:1 form:1 division:1 sell:1 | ROYAL BUSINESS GROUP INC <ROY> 2ND QTR MARCH ONE
Shr 49 cts vs five cts
Shr diluted 45 cts vs five cts
Net 651,000 vs 95,000
Revs not given
1st half
Shr 57 cts vs one ct
Shr diluted 53 cts vs one ct
Net 781,000 vs 56,000
Revs not given
NOTE: Current year net both periods includes gain 873,000
dlrs from repurchase of securities.
Results exclude Business Forms Division, which is to be
sold.
|
test/15668 | test/15668 |@title mse:1 cable:1 systems:1 inc:1 4th:1 qtr:1 net:1 |@word shr:2 nil:4 vs:7 net:2 18:1 534:1 vcs:1 27:1 431:1 revs:2 270:1 032:1 188:1 326:1 avg:2 shrs:2 6:3 598:1 871:1 090:1 576:1 year:1 47:1 299:1 21:1 570:1 1:1 004:1 392:1 677:1 909:1 618:1 063:1 5:1 931:1 324:1 note:1 share:1 adjust:1 one:1 11:1 reverse:1 split:1 | <MSE CABLE SYSTEMS INC> 4TH QTR NET
Shr nil vs nil
Net 18,534 vcs 27,431
Revs 270,032 vs 188,326
Avg shrs 6,598,871 vs 6,090,576
Year
Shr nil vs nil
Net 47,299 vs 21,570
Revs 1,004,392 vs 677,909
Avg shrs 6,618,063 vs 5,931,324
NOTE: Share adjusted for one-for-11 reverse split.
|
test/15669 | test/15669 |@title rule:2 industries:1 inc:1 2nd:1 qtr:1 feb:1 28:1 net:1 |@word shr:2 17:2 ct:4 vs:6 10:1 net:2 408:1 000:6 237:1 revs:2 8:1 863:1 6:1 738:1 1st:1 half:1 27:1 15:1 647:1 356:1 2:1 mln:2 12:1 5:1 | RULE INDUSTRIES INC <RULE> 2ND QTR FEB 28 NET
Shr 17 cts vs 10 cts
Net 408,000 vs 237,000
Revs 8,863,000 vs 6,738,000
1st half
Shr 27 cts vs 15 cts
Net 647,000 vs 356,000
Revs 17.2 mln vs 12.5 mln
|
test/15672 | test/15672 |@title new:1 jersey:1 investor:1 buy:1 5:1 2:1 pct:1 kinark:1 kin:1 |@word new:1 jersey:1 investor:1 joseph:1 falkenstein:1 tell:1 securities:1 exchange:1 commission:1 hold:1 5:1 2:1 pct:1 share:2 kinark:1 corp:1 say:1 plan:1 change:1 company:1 buy:1 believe:1 stock:1 undervalue:1 would:1 rise:1 next:1 six:1 month:1 | NEW JERSEY INVESTOR BUYS 5.2 PCT OF KINARK <KIN>
A New Jersey investor, Joseph
Falkenstein, told the Securities and Exchange Commission he
holds 5.2 pct of the shares of Kinark Corp.
He said he has no plans to change the company and that he
bought the shares because he believed the stock was undervalued
and would rise in the next six months.
|
test/15674 | test/15674 |@title national:1 distillers:1 dr:1 see:1 second:1 qtr:1 gain:1 |@word national:7 distillers:2 chemical:4 corp:1 expect:2 realize:1 second:2 quarter:3 tax:1 gain:2 four:2 dlrs:7 per:5 share:5 545:1 mln:6 dlr:2 sale:4 spirit:4 business:7 american:1 brands:1 inc:2 amb:1 stock:2 rise:1 1:3 8:1 65:1 2:2 opening:1 delay:1 new:1 york:1 exchange:1 imbalance:1 order:1 think:1 price:1 high:1 people:1 say:6 john:1 henry:4 e:1 f:1 hutton:1 group:1 company:2 spokeswoman:1 include:3 net:3 compare:1 31:1 ct:2 last:3 year:2 wine:4 700:1 ease:1 interest:1 cost:2 burden:1 distiller:5 sell:2 month:1 grand:1 metropolitan:1 plc:1 heublein:1 128:1 anticipate:1 would:2 600:1 two:2 liquor:3 recover:1 buy:2 enron:3 fourth:1 pay:1 570:1 cash:1 assume:1 34:1 debt:1 time:1 move:1 area:1 1986:2 third:1 income:2 propane:1 earn:1 exclude:1 21:1 discontinue:1 operation:1 67:1 | NATIONAL DISTILLERS <DR> SEES SECOND QTR GAIN
National Distillers and Chemical Corp
expects to realize a second quarter after-tax gain of four dlrs
per share from the 545 mln dlr sale of its spirits business to
American Brands Inc <AMB>.
National Distillers' stock rose 1-1/8 to 65-1/2, after an
opening delay on the New York Stock exchange for an imbalance
of orders.
'I think the sales price was higher than most people
expected,' said John Henry of E.F. Hutton Group.
A company spokeswoman said the four dlr per share gain will
be included in second quarter net, which compares with 31 cts
per share last year, including the spirits and wine business
'They netted over 700 mln dlrs for spirits and wine. That
will ease their interest cost burden,' said Henry.
National Distillers sold its wine business last month to
Grand Metropolitan PLC's Heublein Inc for 128 mln dlrs.
Henry said he had anticipated National Distillers would net
only 600 mln dlrs at the most from the sale of the two liquor
businesses.
Henry said the company recovered from the sales the cost of
buying Enron Chemicals in the fourth quarter last year.
National Distillers paid 570 mln dlrs cash for Enron and
assumed 34 mln dlrs in debt. National Distillers said at the
time it bought Enron it would sell the spirits and wine
businesses, moving more into the chemical area.
For 1986, two thirds of income were from chemicals and
propane. National Distillers earned, excluding the liquor
businesses, 2.21 dlrs per share for 1986. Income from
discontinued operations, including the liquor businesses, was
67 cts per share.
|
test/15675 | test/15675 |@title weather:1 hurt:1 italian:1 orange:1 usda:1 report:1 |@word unfavorable:1 weather:1 condition:1 second:1 week:1 march:1 cause:1 damage:2 orange:5 calabria:2 region:3 southern:1 italy:1 u:1 agriculture:1 department:1 officer:1 rome:1 say:4 field:1 report:3 date:1 april:1 3:1 account:1 22:1 000:2 hectare:1 italian:2 crop:2 26:1 pct:3 total:2 production:2 however:1 marketing:1 year:1 1986:1 87:1 forecast:1 565:1 tonne:1 25:1 trade:1 contact:1 agree:1 15:1 output:1 frost:1 | WEATHER HURTS ITALIAN ORANGES - USDA REPORT
Unfavorable weather conditions during
the second week of March caused damage to oranges in the
Calabria region in southern Italy, the U.S. Agriculture
Department's officer in Rome said in a field report.
The report, dated April 3, said the region accounts for
about 22,000 hectares of the Italian orange crop or about 26
pct of total production.
However, orange production in the region for marketing year
1986/87 is forecast at 565,000 tonnes or 25 pct of the total
Italian orange crop, it said.
The report said trade contacts agree that about 15 pct of
the orange output in Calabria was damaged by frost.
|
test/15676 | test/15676 |@title ec:1 grant:1 free:1 market:1 barley:1 maize:1 export:1 |@word european:2 commission:1 authorise:1 export:1 65:1 000:2 tonne:2 free:1 market:1 barley:1 today:1 tender:1 maximum:1 rebate:1 138:1 75:1 currency:1 unit:1 55:1 french:1 maize:1 130:1 ecus:1 grain:1 trader:1 say:2 reject:1 bid:1 breadmaking:1 feed:1 wheat:1 | EC GRANTS FREE MARKET BARLEY, MAIZE EXPORTS
The European Commission authorised the
export of 65,000 tonnes of free market barley at today's tender
at a maximum rebate of 138.75 European currency units and
55,000 tonnes of French maize at 130 Ecus, grain traders here
said.
It rejected bids for breadmaking and feed wheat, they said.
|
test/15677 | test/15677 |@title feed:1 buy:1 dollar:2 yen:2 open:2 market:2 new:2 york:2 dealer:2 say:2 fed:1 buying:1 |@word | FED BUYING DOLLARS FOR YEN IN OPEN MARKET, NEW YORK DEALERS SAY
FED BUYING DOLLARS FOR YEN IN OPEN MARKET, NEW YORK DEALERS SAY
|
test/15679 | test/15679 |@title waste:1 recovery:1 inc:1 wrii:1 4th:1 qtr:1 net:1 |@word shr:2 loss:8 eight:1 ct:4 vs:8 nine:1 net:2 311:1 255:1 157:2 941:1 revs:2 546:1 069:1 284:1 636:1 avg:2 shrs:2 3:2 790:1 235:1 1:4 819:1 680:1 year:1 27:1 24:1 858:1 624:1 399:1 385:1 491:1 518:1 407:1 441:1 175:1 692:1 700:1 | WASTE RECOVERY INC <WRII> 4TH QTR NET
Shr loss eight cts vs loss nine cts
Net loss 311,255 vs loss 157,941
Revs 546,069 vs 284,636
Avg shrs 3,790,235 vs 1,819,680
Year
Shr loss 27 cts vs loss 24 cts
Net loss 858,624 vs loss 399,385
Revs 1,491,518 vs 1,407,441
Avg shrs 3,175,157 vs 1,692,700
|
test/15680 | test/15680 |@title branch:1 corp:1 bnch:1 1st:1 qtr:1 net:1 |@word shr:2 primary:1 99ct:1 vs:6 82:1 cxt:1 dilute:1 93:1 ct:2 78:1 net:1 7:1 784:1 000:2 6:1 357:1 asset:1 3:1 25:1 billion:6 2:4 74:1 deposit:1 58:1 24:1 loan:1 20:1 1:1 81:1 | BRANCH CORP <BNCH> 1ST QTR NET
Shr primary 99ct vs 82 cxts
Shr diluted 93 cts vs 78 cts
Net 7,784,000 vs 6,357,000
Assets 3.25 billion vs 2.74 billion
Deposits 2.58 billion vs 2.24 billion
Loans 2.20 billion vs 1.81 billion
|
test/15682 | test/15682 |@title kurz:1 kasch:1 stake:1 component:1 tech:1 ctec:1 |@word kurz:1 kasch:1 inc:1 dayton:1 thermoset:1 molding:1 maker:1 tell:1 securities:1 exchange:1 commission:1 increase:1 holding:1 component:1 technology:1 corp:1 two:1 pct:2 9:1 3:1 say:1 buy:1 39:1 000:1 share:2 stock:1 5:1 30:1 6:1 875:1 dlrs:1 investment:1 purpose:1 | KURZ-KASCH UPS STAKE IN COMPONENT TECH <CTEC>
Kurz-Kasch Inc, a Dayton thermoset
molding maker, told the Securities and Exchange Commission it
had increased its holdings in Component Technology Corp by two
pct, to 9.3 pct.
It said it bought the 39,000 shares of stock at 5.30-6.875
dlrs a share for investment purposes.
|
test/15686 | test/15686 |@title brazil:1 soybean:1 yield:1 see:1 average:1 usda:1 report:1 |@word base:1 field:3 travel:1 brazilian:1 state:1 parana:3 soybean:5 yield:2 average:2 2:3 0:1 tonne:1 per:1 hectare:1 u:1 agriculture:1 department:1 officer:1 sao:1 paulo:1 say:6 report:5 date:1 march:2 24:2 note:2 account:2 20:3 pct:4 brazil:1 total:2 crop:6 generally:1 favorable:2 weather:2 early:2 december:1 february:1 help:1 compensate:1 dryness:1 however:1 hot:1 dry:1 past:1 30:1 day:1 follow:1 unseasonably:1 brief:1 cold:1 spell:1 second:1 week:1 raise:1 concern:1 late:2 plant:1 still:1 immature:1 impact:1 may:1 localize:1 corn:4 expect:4 record:1 create:1 serious:1 storage:1 problem:1 due:2 support:2 price:2 area:1 increase:1 25:1 expense:1 planting:2 harvest:2 trip:1 long:1 truck:1 line:1 grain:1 elevator:1 preference:1 give:1 new:1 wheat:1 decline:2 60:1 production:1 major:1 reason:1 reduce:1 government:1 good:1 summer:1 | BRAZIL SOYBEAN YIELDS SEEN AVERAGE - USDA REPORT
Based on field travel in the
Brazilian state of Parana, soybean yields should be about
average or 2.0 to 2.2 tonnes per hectare, the U.S. Agriculture
Department's officer in Sao Paulo said in a field report.
The report, dated March 24, noted Parana accounts for about
20 to 24 pct of Brazil's total soybean crop.
It said generally favorable weather from early December
through February helped compensate for earlier dryness.
However, hot, dry weather during the past 20 to 30 days
followed by an unseasonably brief cold spell during the second
week of march has raised concern about late planted soybeans
which are still immature, but the impact may be localized, the
report said.
The corn crop is expected to be a record and will create
serious storage problems, the report said.
Due to favorable support prices, corn area increased by
more than 25 pct at the expense of soybeans, and yields are
expected to be above average, it said.
Due to late plantings only about 20 pct of the corn crop
crop has been harvested.
During the field trip long truck lines were noted at grain
elevators where preference is given to soybeans over corn, the
report said.
New crop wheat plantings are expected to decline -- Parana
accounts for about 60 pct of total production. Major reasons
for the decline are expected reduced government support price
and good summer crop harvests.
|
test/15688 | test/15688 |@title zayre:1 corp:1 zy:1 raise:1 quarterly:1 |@word qtly:1 div:1 10:1 ct:2 vs:1 eight:1 prior:1 pay:1 june:1 four:1 record:1 may:1 14:1 | ZAYRE CORP <ZY> RAISES QUARTERLY
Qtly div 10 cts vs eight cts prior
Pay June Four
Record May 14
|
test/15689 | test/15689 |@title fed:1 see:1 buy:1 dollar:1 yen:1 open:1 market:1 |@word federal:1 reserve:1 detect:1 buy:1 dollar:3 yen:2 open:1 market:1 fall:1 40:1 year:1 low:1 144:2 60:1 nervous:1 late:2 morning:1 trading:1 currency:2 dealer:2 say:2 size:1 intervention:1 relatively:1 modest:1 far:1 clear:1 indication:1 u:1 remain:1 committed:1 february:1 paris:1 stabilization:1 accord:1 reaffirm:1 washington:1 last:1 night:1 fed:1 spokeswoman:1 comment:1 report:1 hover:1 around:1 70:1 midday:1 | FED SEEN BUYING DOLLARS FOR YEN IN OPEN MARKET
The Federal Reserve was detected buying
dollars for yen in the open market as the dollar fell to a
40-year low of 144.60 yen in nervous late morning trading,
currency dealers said.
They said the size of the intervention was relatively
modest so far but it was a clear indication that the U.S.
remained committed to the late February Paris currency
stabilization accord, which was reaffirmed in Washington last
night.
A Fed spokeswoman had no comment on the dealer reports.
The dollar hovered around 144.70 just before midday.
|
test/15691 | test/15691 |@title rjr:3 nabisco:1 offset:1 gain:1 charge:1 |@word nabisco:3 inc:2 say:4 1987:1 first:1 quarter:1 result:2 include:2 tax:2 gain:1 208:1 mln:4 dlrs:4 sale:1 heublein:1 offset:1 charge:2 company:1 operation:2 perform:1 well:1 line:1 expectation:1 rjr:2 reflect:1 reserve:1 establish:1 cover:2 certain:1 expense:2 basis:1 50:1 write:1 redundant:1 equipment:1 facility:1 modernization:1 u:1 tobacco:1 79:1 continue:1 restruction:1 food:1 subsidiary:1 80:1 connection:1 early:1 retirement:1 high:1 coupon:1 debt:1 | RJR NABISCO <RJR> HAS OFFSETTING GAINS, CHARGES
RJR Nabisco Inc said its
1987 first quarter results will include an after-tax gain of
208 mln dlrs from the sale of Heublein Inc and offsetting
charges.
The company said its operations are performing well and in
line with expectations.
RJR Nabisco said the charges reflect reserves it
established to cover certain expenses.
RJR Nabisco said the expenses covered, on after-tax basis,
include --
-- 50 mln dlrs for the write-down of redundant equipment
and facilities resulting from modernization of its U.S. tobacco
operations,
-- 79 mln dlrs for continuing restruction of its food
subsidiaries, and
-- 80 mln dlrs in connection with the early retirement of
high coupon debt.
|
test/15692 | test/15692 |@title baybanks:1 inc:1 bbnk:1 1st:1 qtr:1 net:1 |@word oper:3 shr:2 1:4 08:1 dlrs:3 vs:5 96:1 ct:2 dilute:1 02:1 89:1 net:2 16:2 mln:6 12:1 8:2 avg:2 shrs:2 14:2 9:1 13:1 4:2 note:1 1987:1 exclude:1 gain:1 820:1 000:1 cumulative:1 effect:1 change:1 calculate:1 depreciation:1 expense:1 | BAYBANKS INC <BBNK> 1ST QTR NET
Oper shr 1.08 dlrs vs 96 cts
Oper shr diluted 1.02 dlrs vs 89 cts
Oper net 16.1 mln vs 12.8 mln
Avg shrs 14.9 mln vs 13.4 mln
Avg shrs 16.1 mln vs 14.8 mln
NOTE: 1987 net excludes gain 4,820,000 dlrs from cumulative
effect of change in calculating depreciation expense.
|
test/15694 | test/15694 |@title france:1 balladur:1 say:1 target:1 zone:1 notion:1 nearer:1 |@word french:1 finance:2 minister:2 edouard:1 balladur:2 say:4 financial:1 community:1 close:1 arrive:1 system:1 target:2 zone:2 currency:2 despite:1 fact:1 little:1 speak:1 reporter:2 semiannual:1 meeting:1 international:1 monetary:1 fund:1 far:1 notion:1 even:1 tell:1 idea:1 progress:1 add:1 talk:1 cooperation:1 economic:1 policy:1 level:1 around:1 stabilize:1 | FRANCE'S BALLADUR SAYS TARGET ZONE NOTION NEARER
French Finance Minister Edouard
Balladur said that the financial community is closer to
arriving at a system of target zones for currencies despite the
fact that little is being said about them.
Speaking with reporters at the semiannual meetings of the
International Monetary Fund, Balladur said, 'We are not very far
from the notion of target zones, even if we don't say so.'
He told reporters that 'our ideas are progressing,' adding
that the finance ministers have been talking about more
cooperation on economic policies and on levels around which
currencies should stabilize.
|
test/15695 | test/15695 |@title student:1 loan:1 marketing:1 association:1 slm:1 1st:1 qtr:1 |@word shr:1 95:1 ct:2 vs:3 71:1 net:1 42:1 4:1 mln:2 34:1 5:1 asset:1 18:1 61:1 billion:2 15:1 66:1 | STUDENT LOAN MARKETING ASSOCIATION <SLM> 1ST QTR
Shr 95 cts vs 71 cts
Net 42.4 mln vs 34.5 mln
Assets 18.61 billion vs 15.66 billion
|
test/15696 | test/15696 |@title fire:1 tate:1 lyle:1 london:1 jetty:1 halts:1 unload:1 |@word raw:3 sugar:4 unload:1 tate:4 lyle:4 refinery:1 silvertown:2 river:1 thames:1 follow:1 fire:2 yesterday:1 afternoon:1 plc:1 say:3 destroy:1 large:1 sector:1 main:1 conveyor:1 jetty:2 weighhouse:1 company:1 yet:1 know:1 long:1 use:2 hope:1 tomorrow:1 unloading:1 bulk:2 carrier:1 mykon:2 wave:2 able:1 continue:1 temporary:1 arrangement:1 arrive:1 port:1 recently:1 18:1 300:1 tonne:2 maputo:1 swaziland:1 1:1 600:1 remain:1 discharge:2 five:1 ship:1 load:1 await:1 add:1 | FIRE AT TATE/LYLE LONDON JETTY HALTS UNLOADING
No raw sugar is being unloaded at Tate
and Lyles refinery at Silvertown on the River Thames following
a fire yesterday afternoon, Tate and Lyle Plc said.
The fire destroyed a large sector of the main conveyor from
the raw sugar jetty to the weighhouse.
The company said it is not yet known how long the jetty
will be out of use but it hoped that by tomorrow unloading of
the bulk carrier Mykon Wave will be able to continue using
temporary arrangements, Tate and Lyle said.
The Mykon Wave arrived in the port recently with about
18,300 tonnes of bulk sugar from Maputo in Swaziland. About
1,600 tonnes remain to be discharged.
Five other ships loaded with raw sugar are awaiting at
Silvertown to be discharged, Tate and Lyle added.
|
test/15698 | test/15698 |@title jp:2 industries:1 jpi:1 confirm:1 proposal:1 |@word industries:6 inc:2 confirm:1 announcement:1 clevite:4 clev:1 jp:4 submit:1 proposal:1 acquisition:1 company:2 13:1 50:1 dlrs:1 per:1 share:1 cash:1 john:1 psarouthakis:1 chairman:1 president:1 say:3 hope:1 promptly:1 negotiate:1 agreement:1 special:1 committee:1 board:1 february:1 purchase:1 engine:1 part:1 division:1 aware:1 reason:1 activity:1 stock:1 | JP INDUSTRIES <JPI> CONFIRMS PROPOSAL
JP Industries Inc confirmed the
announcement by Clevite Industries Inc <CLEV> that JP
Industries has submitted a proposal to Clevite for the
acquisition of the company at 13.50 dlrs per share in cash.
John Psarouthakis, chairman and president of JP Industries,
said that the company hopes to promptly negotiate an agreement
with the special committee of Clevite's board.
In February, JP Industries said it purchased Clevite's
engine parts division.
JP Industries said it is not aware of any other reason for
activity in its stock.
|
test/15702 | test/15702 |@title meditrust:1 mtrus:1 raise:1 quarterly:1 |@word qtly:1 div:1 43:1 ct:2 vs:1 38:1 prior:1 pay:1 may:1 15:1 record:1 april:1 30:1 | MEDITRUST <MTRUS> RAISES QUARTERLY
Qtly div 43 cts vs 38 cts prior
Pay May 15
Record April 30
|
test/15703 | test/15703 |@title monsanto:1 mtc:1 unit:1 see:1 operate:1 loss:1 1987:1 |@word monsanto:1 corp:2 g:1 searle:6 co:1 unit:1 say:6 report:1 operating:2 loss:3 1987:2 mainly:1 due:1 expense:1 research:1 development:1 chairman:1 sheldon:1 gilgore:2 operate:1 less:1 87:1 mln:4 dlr:1 1986:2 first:1 quarter:2 sale:3 21:1 8:1 pct:1 179:1 dlrs:4 147:1 year:2 ago:1 665:1 company:2 intend:1 three:1 billion:1 mid:1 1990:1 anticipate:1 approval:1 japan:1 u:2 italy:1 spain:1 k:1 ulcer:2 treatment:1 drug:3 cytotech:1 also:1 paper:1 yet:1 publish:1 show:1 prevent:1 flare:1 long:1 period:1 time:1 tagamet:1 make:2 smithkline:1 beckman:1 skb:1 pipeline:1 include:1 tissue:1 plasminogen:1 activator:1 tpa:2 different:1 process:1 genentech:1 gene:1 expect:1 approve:1 market:1 | MONSANTO <MTC> UNIT SEES OPERATING LOSS IN 1987
Monsanto Corp's G.D. Searle and Co unit
said it will report an operating loss for 1987, mainly due to
expenses for research and development.
Searle chairman Sheldon Gilgore said Searle's operating
loss in 1987 will be less than the 87 mln dlr operating loss in
1986.
He said Searle's first quarter sales will be up 21.8 pct to
179 mln dlrs from 147 mln dlrs in the year ago quarter. In 1986
Searle's sales were 665 mln dlrs.
Gilgore said the company intends to have sales of three
billion dlrs by the mid-1990s.
He said the company anticipates approval in Japan, the
U.S., Italy, Spain and the U.K. for its ulcer treatment drug
Cytotech.
He also said that in a paper not yet published the drug was
shown to prevent a flare-up of ulcers for a longer period of
time than Tagamet, made by SmithKline Beckman Corp <SKB>.
Other drugs in Searle's pipeline include tissue plasminogen
activator (TPA), made by a different process than Genentech's
<GENE> TPA, expected to be approved for marketing this year.
|
test/15704 | test/15704 |@title status:1 game:1 corp:1 stgm:1 3rd:1 qtr:1 feb:1 28:1 net:1 |@word oper:4 shr:2 six:1 ct:4 vs:10 one:1 net:4 194:2 109:1 28:1 751:1 revs:2 2:4 731:1 688:1 347:1 134:1 avg:2 shrs:2 3:2 360:1 527:1 295:1 359:1 nine:3 mth:3 11:1 five:1 356:1 571:1 111:1 545:1 5:2 923:1 907:1 1:1 491:1 852:1 296:1 982:1 289:1 762:1 note:1 share:1 adjust:1 10:1 pct:1 stock:1 dividend:1 december:1 1986:1 prior:1 year:1 exclude:2 tax:1 credit:1 775:1 dlrs:6 quarter:2 17:1 325:1 discontinue:1 amusement:1 game:1 operation:1 gain:2 144:1 095:1 70:1 loss:1 952:1 814:1 196:1 872:1 | STATUS GAME CORP <STGM> 3RD QTR FEB 28 NET
Oper shr six cts vs one ct
Oper net 194,109 vs 28,751
Revs 2,731,688 vs 347,134
Avg shrs 3,360,527 vs 2,295,359
Nine mths
Oper shr 11 cts vs five cts
Oper net 356,571 vs 111,545
Revs 5,923,907 vs 1,491,852
Avg shrs 3,296,982 vs 2,289,762
NOTE: Share adjusted for 10 pct stock dividend in December
1986. Prior year net excludes tax credits of 5,775 dlrs in
quarter and 17,325 dlrs in nine mths.
Net excludes discontinued amusement game operations gains
144,095 dlrs vs 70,194 dlrs in quarter and loss 2,952,814 dlrs
vs gain 196,872 dlrs in nine mths.
|
test/15707 | test/15707 |@title universal:1 foods:1 corp:1 ufc:1 vote:1 dividend:1 |@word qtly:1 div:1 20:2 ct:2 vs:1 prior:1 qtr:1 pay:1 6:1 may:1 record:1 21:1 april:1 | UNIVERSAL FOODS CORP <UFC> VOTES DIVIDEND
Qtly div 20 cts vs 20 cts prior qtr
Pay 6 May
Record 21 April
|
test/15708 | test/15708 |@title betz:2 laboratories:1 inc:1 set:1 quarterly:1 |@word qtly:1 div:1 35:2 ct:2 vs:1 prior:1 pay:1 may:1 14:1 record:1 april:1 30:1 | BETZ LABORATORIES INC <BETZ> SETS QUARTERLY
Qtly div 35 cts vs 35 cts prior
Pay May 14
Record April 30
|
test/15709 | test/15709 |@title northwestern:1 national:1 life:1 nwnl:1 payout:1 |@word qtly:1 div:1 24:2 ct:2 vs:1 21:1 1:1 2:1 prior:1 pay:1 may:1 15:1 record:1 april:1 note:1 northwestern:1 national:1 life:1 insurance:1 co:1 | NORTHWESTERN NATIONAL LIFE <NWNL> UPS PAYOUT
Qtly div 24 cts vs 21-1/2 cts prior
Pay May 15
Record April 24
NOTE: Northwestern National Life Insurance Co.
|
test/15710 | test/15710 |@title grain:1 ship:1 wait:1 new:1 orleans:1 |@word ten:1 grain:5 ship:1 load:2 14:1 wait:3 new:1 orleans:1 elevators:1 trade:1 source:1 say:1 elevator:3 loading:2 continental:1 westwego:1 1:10 6:1 mississippi:1 river:1 myrtle:1 grove:1 0:6 adm:1 growmark:1 4:1 bunge:1 destrehan:2 st:2 charles:1 reserve:1 corp:1 peavey:1 co:1 elmo:1 cargill:2 terre:1 haute:1 2:2 port:1 allen:1 zen:1 noh:1 | GRAIN SHIPS WAITING AT NEW ORLEANS
Ten grain ships were loading and 14
were waiting to load at New Orleans elevators, trade sources
said.
ELEVATOR LOADING WAITING
Continental Grain, Westwego 1 6
Mississippi River, Myrtle Grove 1 0
ADM Growmark 1 4
Bunge Grain, Destrehan 1 0
ELEVATOR LOADING WAITING
ST CHARLES DESTREHAN 1 1
RESERVE ELEVATOR CORP 1 0
PEAVEY CO, ST ELMO 1 0
CARGILL GRAIN, TERRE HAUTE 2 1
CARGILL GRAIN, PORT ALLEN 0 0
ZEN-NOH 1 2
|
test/15713 | test/15713 |@title foothill:1 fgi:1 sierrita:1 standstill:1 accord:1 |@word foothill:8 group:1 inc:3 say:4 reach:1 standstill:1 agreement:1 santa:4 cruz:4 resources:2 parent:1 sierrita:3 bar:2 company:2 acquire:1 30:1 pct:2 interest:1 except:1 business:2 combination:2 approve:1 board:2 also:2 advise:1 24:1 7:1 outstanding:1 common:1 stock:1 addition:1 agree:1 vote:1 share:1 accordance:1 instruction:1 connection:1 certain:3 anti:1 takeover:1 matter:1 arrangement:1 fron:1 tender:2 security:1 offer:1 unless:1 unspecified:1 condition:1 meet:1 | FOOTHILL <FGI>, SIERRITA IN STANDSTILL ACCORD
Foothill Group Inc said it reached a
standstill agreement with Santa Cruz Resources Inc and its
parent, Sierrita Resources Inc, that bars the companies from
acquiring more than a 30 pct interest in Foothill, except
through a business combination approved by Foothill's board.
The company also said Santa Cruz has advised it that it
owns 24.7 pct of Foothill's outstanding common stock.
In addition, Santa Cruz and Sierrita have agreed to vote
their shares in accordance with instructions from the Foothill
board in connection with certain business combinations and
certain anti-takeover matters, Foothill said.
Foothill said the arrangement also bars Santa Cruz and
Sierrita fron tendering any Foothill securities owned by them
into any tender offer unless certain unspecified conditions are
met.
|
test/15715 | test/15715 |@title first:1 federal:1 michigan:1 ffom:1 1st:1 qtr:1 net:1 |@word shr:1 3:2 33:1 dlrs:2 vs:3 39:1 net:1 37:1 069:1 000:2 36:1 902:1 avg:1 shrs:1 10:2 95:1 mln:2 05:1 | FIRST FEDERAL OF MICHIGAN <FFOM> 1ST QTR NET
Shr 3.33 dlrs vs 3.39 dlrs
Net 37,069,000 vs 36,902,000
Avg shrs 10.95 mln vs 10.05 mln
|
test/15717 | test/15717 |@title colonial:1 bancgroup:1 clbga:1 make:1 acquisition:1 |@word colonial:1 bancgroup:1 say:2 sign:1 letter:1 intent:1 acquire:1 community:2 bank:2 trust:1 hartselle:1 ala:1 asset:1 26:1 mln:1 dlrs:1 undisclosed:1 term:1 subject:1 approval:1 regulatory:1 authority:1 shareholder:1 completion:1 expect:1 within:1 next:1 year:1 | COLONIAL BANCGROUP <CLBGA> MAKES ACQUISITION
Colonial BancGroup said it has
signed letter of intent to acquire Community Bank and Trust of
Hartselle, Ala., with assets of 26 mln dlrs, for undisclosed
terms, subject to approval by regulatory authorities and
Community Bank shareholders.
Completion is expected within the next year, it said.
|
test/15719 | test/15719 |@title fab:1 industries:1 inc:1 fit:1 1st:1 qtr:1 feb:1 28:1 net:1 |@word shr:1 69:1 ct:2 vs:3 67:1 net:1 2:2 488:1 000:2 435:1 revs:1 27:1 6:1 mln:2 26:1 5:1 | FAB INDUSTRIES INC <FIT> 1ST QTR FEB 28 NET
Shr 69 cts vs 67 cts
Net 2,488,000 vs 2,435,000
Revs 27.6 mln vs 26.5 mln
|
test/15720 | test/15720 |@title ec:1 commission:1 authorise:1 buy:1 maize:1 june:1 |@word european:1 commission:2 authorise:1 buy:1 one:1 mln:2 tonne:3 maize:5 intervention:4 store:1 second:1 half:1 june:1 although:1 sale:1 normally:1 end:1 april:2 30:2 source:2 say:4 approval:1 give:1 ec:3 cereals:1 management:1 committee:1 possible:1 disturbance:1 market:2 due:1 heavy:1 import:1 agreement:2 united:2 states:2 guarantee:1 access:1 spanish:1 two:1 non:1 year:2 next:1 four:1 price:2 would:1 201:1 49:1 ecus:1 seem:1 unlikely:1 full:1 add:1 decision:1 also:1 design:1 prevent:1 massive:1 offer:1 ahead:1 normal:1 deadline:1 could:1 cause:1 speculation:1 implementation:1 accord:1 | EC COMMISSION AUTHORISED TO BUY MAIZE IN JUNE
The European Commission was authorised
to buy up to one mln tonnes of maize into intervention stores
in the second half of June, although sales into intervention
normally end on April 30, Commission sources said.
They said approval was given by the EC's Cereals Management
Committee because of the possible disturbance of the market due
to heavy imports of maize under the agreement between the EC
and the United States.
The agreement guarantees access to the Spanish market for
two mln tonnes of non-EC maize a year for the next four years.
The sources said the intervention price for the maize would
be 201.49 Ecus a tonne.
They said at this price it seemed unlikely that the full
They added the decision is also designed to prevent massive
offers of maize for intervention just ahead of the normal April
30 deadline, which could be caused by speculation about the
implementation of the accord with the United States.
|
test/15721 | test/15721 |@title japan:1 buy:1 5:1 000:1 tonne:1 canadian:1 rapeseed:1 |@word japan:1 buy:1 5:1 000:1 tonne:1 canadian:1 rapeseed:1 overnight:1 undisclosed:1 price:1 may:1 shipment:1 trade:1 source:1 say:1 | JAPAN BUYS 5,000 TONNES CANADIAN RAPESEED
Japan bought 5,000 tonnes Canadian
rapeseed overnight at an undisclosed price for May shipment,
trade sources said.
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test/15723 | test/15723 |@title northern:1 trust:1 corp:1 ntrs:1 1st:1 qtr:1 net:1 |@word shr:1 87:1 ct:2 vs:5 73:1 net:1 14:1 7:3 mln:2 11:1 asset:1 8:1 38:1 billion:6 43:1 loan:1 3:2 91:1 40:1 deposit:1 5:2 60:1 08:1 | NORTHERN TRUST CORP <NTRS> 1ST QTR NET
Shr 87 cts vs 73 cts
Net 14.7 mln vs 11.7 mln
Assets 8.38 billion vs 7.43 billion
Loans 3.91 billion vs 3.40 billion
Deposits 5.60 billion vs 5.08 billion
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test/15725 | test/15725 |@title colombia:1 jan:1 export:1 coffee:1 value:1 fall:1 |@word value:1 colombian:1 export:3 coffee:3 rise:1 55:1 pct:2 january:2 compare:3 period:1 last:2 year:2 apparently:1 set:1 trend:1 trade:2 balance:2 1987:2 government:1 statistics:1 institute:1 figure:1 show:1 amount:1 180:1 8:1 mln:4 dlrs:3 fob:1 147:1 5:2 drop:1 42:1 register:1 35:1 dlr:2 surplus:2 56:1 1986:1 national:1 planning:1 department:1 forecast:1 colombia:1 traditional:1 major:1 account:1 one:1 third:1 total:1 1:1 billion:1 | COLOMBIA JAN EXPORTS UP BUT COFFEE VALUES FALL
The value of colombian exports other than
coffee rose 55 pct in january compared with the same period
last year, apparently setting a trend for the trade balance in
1987, government statistics institute figures show.
They amounted to 180.8 mln dlrs fob compared with 147.5 mln
dlrs for coffee, a drop of 42 pct from last year.
The trade balance registered a 35 mln dlr surplus, compared
with a 56 mln dlr surplus in january 1986.
The national planning department forecast that in 1987
coffee, colombia's traditional major export, will account for
only one-third of total exports, or about 1.5 billion dlrs.
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test/15726 | test/15726 |@title london:1 grain:1 freight:1 27:1 000:1 |@word long:2 ton:2 usg:2 taiwan:1 23:1 25:1 dlrs:4 fio:1 five:1 day:1 1:3 500:1 10:1 5:3 continental:1 trade:1 banner:1 30:1 000:3 grain:4 morocco:1 13:1 50:1 end:1 april:3 early:1 may:1 comanav:1 reference:2 new:2 york:2 freights:2 8:2 ship:1 broker:1 say:2 vessel:1 fix:1 cam:1 great:1 lake:1 algeria:1 28:1 report:2 vamand:1 wave:1 2:1 cory:1 maize:1 business:1 east:1 london:1 22:1 japan:1 spain:1 | LONDON GRAIN FREIGHTS
27,000 long tons
USG/Taiwan 23.25 dlrs fio five days/1,500 1-10/5 Continental.
Trade Banner - 30,000 long tons grain USG/Morocco 13.50
dlrs 5,000/5,000 end-April/early-May Comanav.
Reference New York Grain Freights 1 of April 8, ship
brokers say the vessel fixed by Cam from the Great Lakes to
Algeria at 28 dlrs is reported to be the Vamand Wave.
Reference New York Grain Freights 2 of April 8, they say
the Cory Grain maize business from East London at 22 dlrs is to
Japan and not to Spain as reported.
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test/15727 | test/15727 |@title london:1 sugar:1 freight:1 tbn:1 14:1 00:1 |@word mt:5 bulk:3 sugar:6 fiji:2 prai:1 16:1 dlrs:3 fio:2 10:6 000:12 1:8 5:4 marketing:1 tbn:1 15:2 queensland:1 japan:1 14:1 65:1 20:3 30:1 4:2 csr:1 enquiry:1 antwerp:1 3:1 port:2 greece:1 40:1 bag:2 indication:1 750:3 shipment:1 tonne:1 spread:1 may:1 july:1 c:3 unnamed:1 charterer:2 inchon:1 india:1 12:1 600:1 kaine:1 reunion:1 2:2 portugal:1 french:1 | LONDON SUGAR FREIGHTS
TBN 14,00 mt bulk sugar
Fiji/Prai 16 dlrs fio 10,000/1,000 1-10/5 Fiji Sugar Marketing.
TBN 15,000 mt bulk sugar Queensland/Japan 14.65 dlrs fio
10,000/1,000 20-30/4 CSR.
ENQUIRIES - Antwerp/1-3 ports Greece 40,000 mt bagged sugar
indications 750/750 in shipments of 10,000/15,000 tonnes spread
from May to July a/c unnamed charterer.
Inchon/India 12,600 mt bagged sugar 1,000/1,000 20/4-5/5
a/c Kaines.
Reunion/1-2 ports Portugal 10,000 mt bulk sugar about 20
dlrs 2,000/750 1-10/5 a/c French charterer.
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test/15728 | test/15728 |@title london:1 grain:1 freight:1 enquiry:1 |@word antwerp:1 libya:1 5:3 500:2 mt:5 bag:2 flour:2 14:1 dap:1 24:1 27:1 4:6 new:1 orleans:1 guanta:1 9:1 387:1 bulk:1 hss:2 3:2 000:12 13:3 day:2 25:1 naantali:1 saudi:1 red:1 sea:1 30:2 35:1 barley:1 20:3 early:1 may:1 dunkirk:1 xingang:1 12:1 1:2 700:1 toledo:1 seaforth:1 17:1 offer:1 18:1 50:1 dlrs:1 four:1 8:1 15:1 river:1 plate:1 malaysia:1 22:1 long:1 ton:1 hs:1 2:2 apr:1 | LONDON GRAIN FREIGHT ENQUIRIES
Antwerp/Libya 5,500 mt bagged flour 14
daps 24-27/4.
New Orleans/Guanta 9,387 mt bulk hss 3,000/13 days
25-4/5-5.
Naantali/Saudi Red Sea 30,000/35,000 mt barley 4,000/3,000
20-30/4 or early May.
Dunkirk/Xingang 12,000 mt bagged flour 1,500/1,700 13-20/4.
Toledo/Seaforth 17,000 mt hss offers 18.50 dlrs four
days/8,000 13-15/4.
River Plate/Malaysia 20,000/22,000 long tons hss
2,000/2,000 Apr.
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test/15729 | test/15729 |@title home:1 savings:1 bank:1 hmsb:1 1st:1 qtr:1 net:1 |@word shr:1 51:1 ct:1 vs:4 give:1 net:4 6:1 089:1 000:8 7:1 310:1 note:1 company:1 go:1 public:1 november:1 1986:2 include:3 loan:1 loss:1 provision:1 75:1 dlrs:5 30:1 gain:2 sale:1 security:1 756:1 2:2 468:1 pretax:1 tax:2 credit:2 1:1 022:1 1987:1 400:1 dlr:1 result:1 reduction:1 goodwill:1 | HOME SAVINGS BANK <HMSB> 1ST QTR NET
Shr 51 cts vs not given
Net 6,089,000 vs 7,310,000
NOTE: Company went public in November 1986.
Net includes loan loss provisions of 75,000 dlrs vs 30,000
dlrs and gains on sale of securities of 756,000 dlrs vs
2,468,000 dlrs pretax.
1986 net includes tax credit 1,022,000 dlrs.
1987 net includes 2,400,000 dlr gain from tax credit
resulting in reduction of goodwill.
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test/15732 | test/15732 |@title amoskeag:1 bank:1 shares:1 inc:1 amkg:1 1st:1 qtr:1 net:1 |@word shr:1 70:1 ct:2 vs:3 67:1 net:2 6:2 416:1 000:4 057:1 note:1 include:1 pretax:1 security:1 sale:1 gain:1 5:2 900:2 dlrs:2 | AMOSKEAG BANK SHARES INC <AMKG> 1ST QTR NET
Shr 70 cts vs 67 cts
Net 6,416,000 vs 6,057,000
NOTE: Net includes pretax securities sales gains of
5,900,000 dlrs vs 5,900,000 dlrs.
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test/15733 | test/15733 |@title msr:2 exploration:1 ltd:1 year:1 loss:1 |@word shr:1 loss:2 five:1 ct:2 vs:3 profit:2 10:1 net:1 381:1 391:2 736:1 974:1 revs:1 6:1 161:1 9:1 241:1 882:1 note:1 canadian:1 dollar:1 prove:1 oil:1 reserve:2 year:2 end:1 3:2 mln:1 barrel:1 39:1 pct:2 earlier:1 natural:1 gas:1 4:1 7:1 billion:1 cubic:1 foot:1 nine:1 | MSR EXPLORATION LTD <MSR> YEAR LOSS
Shr loss five cts vs profit 10 cts
Net loss 381,391 vs profit 736,974
Revs 6,161,391 vs 9,241,882
NOTE: Canadian dollars.
Proved oil reserves at year-end 3.3 mln barrels, up 39 pct
from a year earlier, and natural gas reserves 4.7 billion cubic
feet, off nine pct.
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test/15736 | test/15736 |@title southmark:1 sm:1 offer:1 special:1 dividend:1 |@word southmark:9 corp:1 say:8 issue:2 shareholder:3 special:1 dividend:4 right:10 acquire:2 22:2 share:7 american:5 realty:4 trust:3 arb:1 100:2 entitle:1 holder:3 buy:1 one:1 beneficial:1 interest:1 price:3 3:1 75:1 dlrs:1 per:1 offer:2 record:1 date:3 may:3 1:1 ex:3 april:4 27:2 add:1 6:3 expire:1 receive:2 84:1 pct:1 outstanding:1 455:1 would:1 pay:2 cash:2 lieu:1 distribution:1 company:2 compute:1 base:1 average:1 closing:1 market:1 stock:3 exchange:1 first:1 ten:1 day:1 trade:2 begin:1 order:1 get:1 must:1 common:2 basis:1 | SOUTHMARK <SM> TO OFFER SPECIAL DIVIDEND
Southmark Corp said it will issue its
shareholders a special dividend right to acquire 22 shares of
American Realty Trust <ARB> for each 100 shares of Southmark
they own.
Each right entitles the holder to buy one share of
beneficial interest of American Realty Trust at a price of 3.75
dlrs per share, Southmark said.
Southmark said the offer's record date is May 1, with an
ex-dividend date of April 27, adding that the it will issue the
rights to shareholders on May 6 and the offer will expire on
May 22.
Southmark said it received the rights on April 6 as the
holder of about 84 pct of American Realty Trust's outstanding
shares.
Holders of fewer than 455 Southmark shares who would
receive rights to acquire fewer than 100 American Realty shares
will be paid cash in lieu of the rights distribution, the
company said.
Southmark said it will compute the cash price paid based on
the average closing market price of the rights on the American
Stock Exchange for the first ten days the rights are traded,
beginning April 6.
In order to get the dividend for these rights a Southmark
shareholder must own common stock on the ex-dividend date,
April 27, the company said.
After that, Southmark said its common stock will be traded
on an ex-rights basis.
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