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House Ways and Means Committee Chairman Dan Rostenkowski said Congress must avoid a temptation to pass a protectionist trade bill this year. In remarks prepared for delivery before the National Press Club Rostenkowski D-Ill. predicted major trade legislation will be sent to President Reagan by the end of this year. But... | ROSTENKOWSKI OPPOSES PROTECTIONIST TRADE BILL |
General Motors hopes to sell between 7000 and 8000 North American-made vehicles in Europe this year a five-fold rise over the year before James Fry vice- president of GM Overseas Distribution Corporation said. The low dollar makes our prices very attractive he told a news briefing before the opening of the Geneva Motor... | CORRECTED - GM SEES RISE IN EUROPEAN SALES |
Imtec Inc said some shareholders of Computer Identics Inc <CIDN> have proposed a merger of the two companies. The company said the shareholders had previously expressed dissatisfaction with Computer Identics management and had informed Computer Identics that the present board no longer had the support of a majority ... | IMTEC <IMTC> GETS MERGER OFFER |
 CORRECTED - GM SEES Fry said at an average price of 13000 dollars his projected sales figure for North American-made GM cars in Europe would mean turnover of between 91 million and 104 million dollars. GM sales in Europe of North American-made cars in the 1985 model year totalled 500 vehicles due largely to uncomp... | |
Shr 1.62 dlrs vs 1.33 dlrs Net 10.3 mln vs 8459000 Revs 127.5 mln vs 95.7 mln Year Shr 1.52 dlrs vs 1.20 dlrs Net 9669000 vs 7481000 Revs 278.1 mln vs 232.00 mln Reuter | KAY JEWELERS INC <KJI> 4TH QTR NET |
ROSTENKOWSKI CALLS FOR U.S. DEFICIT CUT NEAR 36 BILLION DLRS | |
The prospects of the International Coffee Organization (ICO) reaching an agreement on coffee export quotas before September appear dim Alberto Hesse former president of the European Coffee Federation said. There is no real goodwill in certain delegations to go to quotas Hesse who advises the Italian Foreign Affairs Min... | ICO PACT UNLIKELY BY AUTUMN - ITALIAN ADVISER |
Anacomp Inc one of the most actively traded NYSE issues rose today as at least one analyst expected earnings to be boosted by its planned acquisition of a micrographics company. Anacomp rose 1/2 to 6-3/4 on volume of 950000 shares after trading as high as seven earlier. Howard Harlow analyst at Whale Securities Corp sa... | WALL STREET STOCKS/ANACOMP INC <AAC> |
Lifetime Corp said it agreed to buy five mln shares or 16 pct of <Nippon Lace Co Ltd> for 3.28 dlrs a share or 16.5 mln dlrs. It said it plans to enter the health care business in Japan. In addition it said <Koba Electronics Co Ltd> an affiliate of Nippon will buy four mln unissued shares or a 12 pct stake of Lif... | CORRECTED - LIFETIME<LFT> TO BUY NIPPON LACE SAHRES |
Export Credits Guarantee Department has named Malcolm Stephens director of export finance at Barclays Bank Plc and a former career civil servant at ECGD for 17 years to the post of executive director a department spokesman said. Stephens replaces Jack Gill who is retiring early aged 57. A drop in the ECGDs business vol... | U.K. EXPORTS BODY GETS NEW EXECUTIVE DIRECTOR |
Visible stocks of 17 oils and fats are probably peaking now and are likely to fall sharply by October 1 this year the Oil World newsletter said. Oil World forecast that stocks of oils and fats may be cut to only 9.8 mln tonnes at the end of this season compared with 10.6 mln a year earlier. Its survey covered 13 oils -... | OILS/FATS STOCKS SEEN FALLING SHARPLY IN 1986/87 |
Coffee producing countries must quickly map out a fresh common strategy following the failure of the International Coffee Organization ICO to reach agreement on export quotas Gilberto Arango president of Colombias private coffee exporters association said. Arango told Reuters that the most intelligent thing now would b... | COLOMBIA TRADERS SAY NEW COFFEE STRATEGY VITAL |
Tender Loving Care Health Care Services Inc said it and Staff Buildiers Inc have extended the term of their merger agreement until May 31. Tender Loving Care also said <Norrell Corp> agreed not to acquire any additional Staff Builders shares until September 30 adding Norrell was paid 750000 dlrs for the standstill a... | TENDER LOVING <TLCI>, STAFF <STAF> EXTEND PACT |
The 1987 outlook for U.S. auto sales is clouded by a decidedly mixed sales forecast and analysts who follow the industry say it is also true for companies that sell parts and equipment to the major car and truck manufacturers. But while there are only four major U.S.-based automakers whose shares are traded on stock ex... | TALKING POINT/AUTO SUPPLIER STOCKS |
Soviet imports of soymeal may reach or exceed one mln tonnes between January and September this year the Oil World newsletter said. Oil World said it was likely the Soviet Union would reduce soybean imports and step up significantly its imports of meal. At least 500000 tonnes of soymeal may be shipped from the European... | SOVIET SOYMEAL IMPORTS SEEN RISING IN 1987 |
Colombia is holding a snap selling tender tonight for one cargo of world market raw sugar traders said. The sugar is for March 15/April 15 shipment and bids are being sought based on the New York May delivery futures contract they added. Reuter | COLOMBIA TO SELL SUGAR, LONDON TRADERS SAY |
Varian Associates Inc said it is holding discussions with Philips Electronics regarding the purchase of Philips broadcast transmission unit in the United Kingdom Pye TVT Limited. Pye TVT designs and manufactures broadcast transmission equimpment specializing in television frequencies. Reuter | VARIAN <VAR> IN TALKS WITH PHILIPS ELECTRONICS |
Jaguar PLCs Jaguar Cars Inc U.S. subsidiary said February sales were 1466 down from 1673 a year before. The company said it expects a resumption of U.S. sales growth towards the latter half of 1987. Jaguar said year-to-date U.S. sales were 2523 down from 2684 a year before. Reuter | JAGUAR <JAGRY> FEBRUARY U.S. SALES FALL |
Fruit of the Loom Inc said it is offering 60 mln dlrs of 6-3/4 pct convertible subordinated debentures due March 2002 and 250 mln dlrs of 10-3/4 pct senior subordinated notes due July 1995. Both issues are priced at par. The convertible debentures may be exchanged for class A common stock at the holders option at 11.25... | FRUIT OF THE LOOM OFFERS DEBENTURES, NOTES |
Butler Manufacturing Co said it agreed in principal to sell part of its controls division to Enercon Data Corp of Minneapolis. Terms of the sale were not disclosed. The transaction expected to be closed in March involves the controls divisions energy management and power line carrier product lines. Butler said costs as... | BUTLER <BTLR> TO SELL PART OF UNIT |
Commonwealth Realty Trust said it has transferred its ownership of six buildings at the Valley Forge Executive Mall in Valley Forge Pa. to an equally-owned joint venture with Pennsylvania Public School Employees Retirement System as part of a refinancing. The trust said it received five mln dlrs for its half interest i... | COMMONWEALTH REALTY <CRTYZ> IN REFINANCING DEAL |
Dynamics Research Corp said it has received a two-year 9995000 dlr U.S. Navy contract to supply a number of accelerometer test stations and spares for Trident submarine guidance systems. Reuter | DYNAMICS RESEARCH <DRCO> GETS NAVY CONTRACT |
KMW Systems Corp said cofounder Fred R. Klingensmith has resigned as a voting director and become an advisory or non-voting director. The company said Klingensmith is founder and president and KRL Systems Inc which plans to develop customized systems based in part on products bought from KMW. It said he left the board ... | KMW <KMWS> COFOUNDR RESIGNS FROM BOARD |
A World Bank team led by senior economist Katrine Saito arrived in Uganda for talks on an economic recovery program projected to cost one billion dlrs over three years. The four-member mission is expected to stay two to three weeks. An International Monetary Fund (IMF) team is due here over the same period a World Bank... | WORLD BANK TEAM ARRIVES IN UGANDA |
Periods ended December 31 Shr loss 10 cts vs loss seven cts Net loss 316289 vs loss 189140 Revs 61762 vs 8934 Reuter | FERTILITY AND GENETICS RESEARCH <BABY> 1ST QTR |
House Ways and Means Committee Chairman Dan Rostenkowski said he would be reluctant to back the tax increase if it did not have President Reagans support. He told a National Press Club luncheon there would be a number of tax proposals that could be debated if Reagan sought a tax increase to help balance the budget. How... | ROSTENKOWSKI RELUCTANT TO BACK TAX HIKE |
The deal AMR Corp cut to buy 40 new planes is a plus for the company because it clearly puts the financial burden on aircraft manufacturers Boeing Co <BA> and <Airbus Industrie> a European consortium analysts said. The terms put most of the risk on the shoulders of the manufacturers said analyst Kevin Murphy of M... | AMR <AMR> AIRCRAFT FINANCING SEEN POSITIVELY |
Magellan Corp said it has entered into a letter of intent to acquire Balzac Investments Inc in a transaction that will result in former Balzac shareholders owning about 83 pct of the combined company. The company said on completion of the merger the combined company wopuld be known as Power-Cell Inc and be engaged in t... | <MAGELLAN CORP> SETS MERGER WITH BALZAC |
Shr 68 cts vs 78 cts Net 2432179 vs 2236471 Revs 50.8 mln vs 35.1 mln Avg shrs 3600000 vs 2850000 Year Shr 2.82 dlrs vs 3.35 dlrs Net 10.0 mln vs 9554658 Revs 177.5 mln vs 138.1 mln Avg shrs 3567123 vs 2850000 Reuter | UNITED COS FINANCIAL CORP <UNCF> 4TH QTR NET |
The International Monetary Fund said it approved 125.9 mln SDRs to assist development in Jamaica. Of this total 85 mln SDRs can be drawn over the next 15 months under a standby arrangement in support of the governments economic and financial program. Another 40.9 mln is available immediately under the compensatory fina... | IMF APPROVES 125.9 MLN SDR'S FOR JAMAICA |
General Motors Corp said it will cease production at its Norwood Ohio car assembly plant effective August 26 to reduce output of the sporty CHevrolet Camaro and Pontiac Firebird models built there. After careful review and analysis of our capacitry requirements it has become necessary for us to close Norwood at the end... | GM <GM> TO CLOSE NORWOOD PLANT IN AUGUST |
Fertility and Genetics Research Inc said it will not establish further free-standing ovum transfer centers and is exploring the establishment of general fertility centers and alternative businesses. The company said this followed its evaluation of unpublished technical information regarding some competing technology wh... | FERTILITY/GENETICS <BABY> STUDIES ALTERNATIVES |
Executive Telecommunications Inc said the recently announced joint board of directors meeting with <First Equipment Leasing Co> to negotiate the details of the First Equipment reverse takeover offer has been changed from March 12 to March 16. XTEL said the move was made to accommodate several of the directors with c... | EXECUTIVE TELECOM <XTEL> CHANGES MEETING DATE |
Qtly div 70 cts vs 70 cts prior Pay May One Record April Three Reuter | BRISTOL-MYERS CO <BMY> SETS QUARTERLY |
Perini Investment Properties Inc said it has purchased three industrial/warehouse properties in Boca Raton Fla. and one in Pompano Beach Fla. for an undisclosed amount. The company said the purchases increase its industrial/warehouse inventory by about 252000 square feet. Reuter | PERINI INVESTMENT <PNV> BUYS FLORIDA PROPERTIES |
FBI Director William Webster refused all comment on whether he has been approached to head the Central Intelligence Agency. After testifying before a Senate Judiciary Committee Webster answered repeatedly with no comment when asked by reporters if he has been approached. Webster has been mentioned as a possible top cho... | FBI CHIEF WEBSTER REFUSES COMMENT ON CIA POST |
American Adventure Inc said a U.S. Bankruptcy Court confirmed its reorganization plan. The plan calls for the sale of substantially all the assets of the company to a new company that will retain the same name but be incorporated in Delaware. The comany said the transaction is expected to close later this month. Shareh... | AMERICAN ADVENTURE <GOAA> SETS BANKRUPTCY PLAN |
<American Aircraft Corp> said it has acquired a 51 pct interest in privately-held <Hunter Helicopter of Nevada Inc>. The purchase was made for an undisclosed amount of American Aircraft stock the company said. It said the acquisition will increase shareholder equity in American Aircraft to 45 cts per share from 1... | AMERICAN AIRCRAFT CORP BUYS PRIVATE FIRM |
Qtly div nine cts vs eight cts in prior qtr Payable March 31 Record March 13 Reuter | AID CORP <AIDC> RAISES QUARTERLY DIVIDEND |
American Network Inc said it has reduced its long distance telephone service rates by two to 15 pct. The reductions apply to the companys subsidiaries STARNET International Inc and American Telephone Exchange. Reuter | AMERICAN NETWORK <ANWI> REDUCES CUSTOMER RATES |
National Data Corp said it signed a multi-year contract with US Sprint to provide the long distance telephone company with around the clock operator services. National Data said it was the first step in establishing a Center Services Divisioin. The company said it will provide 24-hour 7-day-a week services to the long ... | NATIONAL DATA <NDTA> SIGNS PACT WITH US SPRINT |
Hewlett Packard Co said it unveiled the HP LaserJet Series II printer the next generation of its laser printer line. The company said the HP LaserJet II offers more capabilities than earlier models but at 2495 dlrs costs 500 dlrs less than previous machines. The LaserJet II prints eight pages a minute and can be used f... | HEWLETT-PACKARD <HWP> UNVEILS NEW PRODUCTS |
International Technology Corp said it has purchased <Western Emergency Services Inc> in a pooling-of-interests transaction. International Technology a hazardous materials management company said it purchased Western Emergency an environmental services firm to offer a broader range of environmental services to the Gu... | INTERNATIONAL TECHNOLOGY <ITX> MAKES ACQUISITION |
Semi-annual 30 cts vs 25 cts prior Pay June 30 Record June 15 Reuter | <D.H. HOWDEN AND CO LTD> INCREASES DIVIDEND |
Oper shr 25 cts vs 25 cts Oper net 6322000 vs 4660000 Revs 189.1 mln vs 174.7 mln Avg shrs 23.5 mn vs 17.1 mln Year Oper shr 1.04 dlrs vs 14 cts Oper net 21929000 vs 3629000 Revs 760.2 mln vs 674.8 mln Avg shrs 20.5 mln vs 17.1 mln Note: Qtr shr and net exclude tax gain of 4573000 dlrs or 17 cts share versus gain of 17... | <CO-STEEL INC> 4TH QTR NET |
Recent heavy rains have not affected the Peru coffee crop and producers are looking forward to a record harvest the president of one of Perus four coffee cooperative groups said. Justo Marin Ludena president of the Cafe Peru group of cooperatives which accounts for about 20 pct of Perus exports told Reuters a harvest o... | PERU COFFEE CROP UNAFFECTED BY RAINS |
WHITE HOUSE SAYS REAGAN TO MAKE 1530 EST/2030 GMT ANNOUNCEMENT, TOPIC UNDISCLOSED | |
Brazilian Finance Minister Dilson Funaro on the third leg of a trip to explain his countrys stance on debt to European governments met West German Finance Minister Gerhard Stoltenberg for talks this evening and the two men were continuing their discussions over dinner Brazilian delegation sources said. They said the Fu... | BRAZILIAN FINANCE MINISTER MEETS STOLTENBERG |
The Federal Savings and Loan Insurance Corp is facing a deficit because of its potential liability from insolvent savings associations the General Accounting Office told a House Banking hearing. We have preliminarily determined that FSLIC needs to establish a contingent liability in the range of eight billion dlrs to h... | GAO SAYS FSLIC SHOWS DEFICIT, NEEDS FUNDS |
The White House said President Reagan would make an announcement at 1530 EST/2030 gmt but the topic was undisclosed. A spokesman said officials would brief reporters on details of the announcement afterwards. Athough Reagans topic was not disclosed speculation centered on the possible naming of a nominee to to head the... | REAGAN TO MAKE ANNOUNCEMENT |
Oper shr 42 cts vs 41 cts Oper net 2322000 vs 1785000 Sales 72.3 mln vs 59.8 mln Avg shrs 5527000 vs 4355000 Year Oper shr 1.48 dlrs vs 1.40 dlrs Oper net 7637000 vs 5973000 Sales 261.7 mln vs 224.7 mln Avg shrs 5165000 vs 4277000 NOTE: 1985 operating net excludes gains of 1523000 dlrs or 35 cts a share in quarter and ... | WILLCOX AND GIBBS INC <WG> 4TH QTR NET |
One of General Electric Cos biggest businesses aircraft engines will ride a wave of increasing profits into 1991 because of a new contract worth 650 mln dlrs Wall Street analysts said. Previously it was expected the business would peak and decline at some point in the next five years. The improved outlook results from ... | GE <GE> PROFIT OUTLOOK AIDED BY ENGINE ORDER |
TREASURY'S MULFORD SEES MAJOR NEW LENDING FOR BRAZIL, OTHER DEBTORS, IN 1987 | |
Eastman Kodak Co best known for its cameras and film products took several steps today to boost its image as a diversified information systems company. The Rochester N.Y.-based company unwrapped a series of new electronic data and image storage systems that can create vast computerized libraries of documents and pictur... | KODAK <EK> CONTINUES DRIVE INTO NEW MARKETS |
The International Monetary Fund IMF said it approved 125.9 mln sdrs to assist development in Jamaica. Over the next 15 months 85 mln sdrs can be drawn under a standby arrangement in support of the governments economic and financial program. Another 40.9 mln is available immediately following an export shortfall for Jam... | IMF APPROVES DEVELOPMENT AID FOR JAMAICA |
MOBIL CORP FILES FOR OFFER OF ONE BILLION DLRS OF DEBT SECURITIES | |
French exporters estimated that around 600000 tonnes of French soft wheat has been sold to China for delivery in the 1986/87 (July/June) year. Around 300000 tonnes were exported to China between July 1986 and February this year. Another 100000 to 150000 tonnes will be shipped during this month and around the same amoun... | FRENCH EXPORTERS SEE HIGHER WHEAT SALES TO CHINA |
Oper shr loss 1.24 dlrs vs profit 19 cts Oper net loss 1965000 vs profit 646000 Revs 10.5 mln vs 11.6 mln Avg shrs 1741000 vs 3581000 12 mths Oper shr loss 1.55 dlrs vs profit 42 cts Oper net loss vs profit 2051000 vs 1492000 Revs 42.9 mln vs 45.5 mln Avg shrs 1816000 vs 3581000 NOTE: prior qtr excludes loss 229000 or ... | BUCKHORN INC <BKN> 4TH QTR LOSS |
Assistant Treasury Secretary David Mulford said rapid progress was being made in talks with commercial banks for loans to Argentina the Philippines and Brazil. This should result in substantial new lending for the major debtors in 1987 he said in prepared testimony for the Subcommittee on International Development Inst... | TREASURY'S MULFORD SEES BRAZIL LENDING PROGRESS |
Buckhorn Inc said itd nine million dlr backlog for orders and a less expensive operating environment should yield significant levels of operating profits for 1987. Buckhorn a manufacturer of reusable plastic shipping and storage containers recorded 2051000 or 1.55 dlrs per share operating net loss for 1986. Buckhorn sa... | BUCKHORN INC <BKN> SEES HIGHER PROFITS IN 1987 |
Mobil Corp filed with the Securities and Exchange Commission for a shelf offering of up to one billion dlrs of debt securities on terms to be determined at the time of the sale. Proceeds from the sale will be used for general corporate purposes the company said. Mobil did not name any underwriters for the offering. Reu... | MOBIL <MOB> FILES FOR ONE BILLION DLR DEBT OFFER |
<CIIT Inc> said it filed a final prospectus for a 15 mln dlr rights offering to subscribe for 1.1 mln common shares at 13.85 dlrs each. Under the terms of the offering each common share holder will receive 1-1/2 rights for each common share held on March 13 and each right will entitle the holder to subscribe for one... | CIIT PLANS RIGHTS OFFERING |
Alcan Aluminium Ltd said it joined with Carrozzeria Bertone S.P.A. to exhibit Alcans technology in aluminum structured vehicles at Genevas international auto salon. Alcan said it and Bertone have built several Bertone X1/9 sports cars with structures of adhesively bonded sheet aluminum. It said the bodies were made on ... | ALCAN, BERTONE MAKE ALUMINUM STRUCTURE CAR |
Shr 2-1/5 cts vs nil Net 156726 vs 11989 Sales 1157883 vs 890138 Reuter | CCR VIDEO 1ST QTR NOV 30 NET |
Shr eight cts vs 16 cts Net 188000 vs 354000 Revs 538000 vs 594000 Year Shr 31 cts vs 28 cts Net 692000 vs 617000 Revs 2640000 vs 906000 (Del E. Webb Investment Properties Inc) Reuter | DEL E. WEBB INVESTMENT <DWPA> 4TH QTR NET |
AID Corp said its stockholders will be asked to change the companys name to ALLIED Group Inc to more closely reflect the corporate logo adopted last year. It said stockholders of record March 31 will be eligible to vote at the meeting. The company said its board has approved an amendment to the pooling agreement effect... | AID <AIDC> PROPOSES NAME CHANGE |
Moodys Investors Service Inc said it downgraded to Baa-2 from A-3 the rating on Loral Corps 7-1/4 pct convertible subordinated debentures of 2010 and on 10-3/4 pct subordinated sinking fund debentures due 1997. Moodys said it took the action which affects approximately 117 mln dlrs of debt after examining Lorals acquis... | MOODY'S DOWNGRADES LORAL <LOR> DEBT |
U.S. EXPORTERS REPORT 104,000 TONNES OF CORN SOLD TO UNKNOWN DESTINATIONS FOR 1986/87 | |
The specialty retailing area continues to pay off for F.W. Woolworth Co once known only as a five and dime store chain which said its 1986 income rose 21 pct. It was the fourth consecutive year of profit increases for the New York-based retailer which was founded over 100 years ago. Woolworths 1986 income rose to 214 m... | F.W. WOOLWORTH'S <Z> 1986 PROFITS RISE 21 PCT |
Assistant Treasury Secretary David Mulford said he prefers debt conversion plans to help heavily indebted countries over quick-fix political plans to help ease their debt burden. In my view debt conversions or swaps into either equity or local debt claims provide a preferable route to debt relief for the debtor nations... | TREASURY'S MULFORD BACKS DEBT CONVERSIONS |
Shr loss 72 cts vs loss 1.48 dlrs Net loss 4466006 vs loss 9091688 Revs 608181 vs 1280727 Six Mths Shr loss 77 cts vs loss 1.51 dlrs Net loss 4752455 vs loss 9265457 Revs 1444149 vs 2791188 Reuter | ROYAL RESOURCES CORP <RRCO> 2ND QTR DEC 31 LOSS |
Canadian economic growth is expected to slow further in 1987 but an improved the trade picture should keep the country from recession economists said. The economy is ready for about a 2.0 pct rate of growth over the course of 1987 said Carl Beigie Chief Economist at Dominion Securities Pitfield Ltd. Statistics Canada r... | CANADA ECONOMY EXPECTED TO GROW MODERATELY |
The U.S. Agriculture Department said private U.S. exporters reported sales of 104000 tonnes of corn to unknown destinations for shipment in the 1986/87 marketing year. The marketing year for corn began September 1 it said. Reuter | USDA REPORTS CORN SOLD SOLD TO UNKNOWN |
PRESIDENT REAGAN SAYS U.S. TO SUBMIT DRAFT TREATY ON INTERMEDIATE MISSILES REDUCTION | |
The Bank of England proposed that banks in Britain for the first time will have to seek authorization to be lead underwriters of new issues in the euromarkets. In addition the Bank has proposed limits on the amount of credit risk that firms can take on with each new issue they lead manage. The proposed rules were outli... | BANK OF ENGLAND PROPOSES LIMITS ON UNDERWRITERS |
<American Aircraft Corp> said it has acquired a 51 pct interest in privately-owned <Hunter Helicopter of Nevada Inc> for an undisclosed amount of stock. An American Aircraft official said the company has an option to acquire the remaining 49 pct. Hunter Helicopter is in the business of building a two passenger he... | AMERICAN AIRCRAFT BUYS INTO HELICOPTER BUILDER |
Qtly div 11 cts vs 11 cts in prior qtr Payable April 10 Record March 23 Reuter | PREMIER INDUSTRIAL CORP <PRE> REGULAR DIVIDEND |
Premier Industrial Corp said it named Robert Warren to the new post of vice chairman and William Hamilton president succeeding Warren. Morton Mandel continues as chairman and chief executive officer and Warren continues as chief operating officer the company said. Hamilton formerly senior vice president will have the c... | PREMIER INDUSTRIAL <PRE> NAMES EXECUTIVES |
The American Stock Exchange said it sold an options principal membership for a record 305000 dlrs 56000 dlrs more than the previous seat sold on January 19 1987 and 35000 dlrs above the previous record high in 1983. The Exchange said the current bid is 280000 dlrs and the current offer is 315000 dlrs. Reuter | AMEX HAS RECORD SEAT SALE |
International Technology Corp said it has purchased privately-held Western Emergency Service Inc in a stock transaction. Western Emergency an environmental services firm has annual sales of between one and two mln dlrs compared to International Technologys roughly 240-mln-dlr annual sales a spokesman for International ... | INTERNATIONAL TECHNOLOGY <ITX> BUYS FIRM |
AST Research Inc said it nominated Richard Goeglein president and chief operating officer for Holiday Corp and Phillip Matthews chairman and chief executive officer for Echelon Sports Corp for election to its board at the May 19 meeting. Two members of the board Michael Child and Henry McCance will retired at the meeti... | AST RESEARCH INC <ASTA> NOMINATES BOARD MEMBERS |
Norfolk Southern Corp said it entered into a joint venture with Sovran Financial Corp <SOVN> to build the Sovran III Building which will be renamed Norfolk Southern Tower. Norfolk Southern said it will locate its headquarters in the tower and occupy the 17th through 21st floors. It did not disclose the financial ter... | NORFOLK SOUTHERN <NSC> IN BUILDING VENTURE |
Shr 20 cts vs 21 cts Net 783564 vs 806278 Year Shr 89 cts vs 86 cts Net 3443392 vs 3242588 Note:Full company name is Continental General Insurance Co Net includes profit from sale of securities of 155410 dlrs or four cts a share and 192896 dlrs or five cts a share respectively in 1986 qtr and year and of 12879 dlrs or ... | CONTINENTAL GENERAL INSURANCE <CGIC> 4TH QTR NET |
Shr loss 1.60 dlrs vs loss 45 cts Net loss 9883000 vs loss 2744000 Revs 1309000 vs 3289000 Nine mths Shr loss 2.29 dlrs vs loss 98 cts Net loss 14.1 mln vs loss 6008000 Revs 4577000 vs 11.9 mln NOTE: Current periods include loss of 7.5 mln dlrs from discontinued operations. Reuter | MARGAUX CONTROLS INC <MARGX> 3RD QTR LOSS |
Oper shr profit 21 cts vs loss 2.13 dlrs Oper net profit 456000 vs loss 2454000 Revs 16.3 mln vs 13.1 mln Year Oper shr 1.39 dlrs vs loss 2.41 dlrs Oper net profit 1815000 vs loss 2779000 Revs 58.0 mln vs 43.8 mln NOTE: 1986 4th qtr and yr oper net exclude realized investment gains of 279000 dlrs and 1013000 dlrs respe... | MERCHANTS GROUP INC <MRCH> 4TH QTR OPER NET |
The Hitech Engineering Co and <Qume Corp> said that Hitech has agreed to design and certify certain Qume desktop laser printers for the industrial and government TEMPEST market. The TEMPEST program is a set of standards for government information processing equipment designed to minimize electromagnetic eavesdroppin... | HITECH <THEX> AND QUME IN PACT |
Continental General Insurance Co said its board of directors declared a 10 pct stock dividend on common shares payable April one to shareholders of record March 16. The company yesterday paid a quarterly cash dividend of 2-1/2 cts a share unchanged from the previous quarter to shareholders of record February 20. Reuter | CONTINENTAL GENERAL <CGIC> SETS STOCK DIVIDEND |
Shr loss 1.60 dlrs vs loss 45 cts Net loss 9883000 vs loss 2744000 Revs 1309000 vs 3289000 Nine mths Shr loss 2.29 dlrs vs loss 98 cts Net loss 14.1 mln vs loss 6008000 Revs 4577000 vs 11.9 mln Note: 1986 net losses inlcude 7507000-dlr charge from discontinued operations of building management system sold to Cetek Syst... | MARGAUX CONTROLS INC <MARGX> 3RD QTR DEC 28 LOSS |
American Adventure Inc said its reorganization plan was approved by the United States Bankruptcy Court for the Western District of the State of Washington. The company said the plan calls for the sale of substantially all of the assets of the company to a new company which will retain the name American Adventure Inc an... | AMERICAN ADVENTURE <GOAA> PLAN GET APPROVAL |
President Reagan said the United States would offer a draft treaty on medium-range missile reductions at talks with the Soviet Union in Geneva tomorrow. Reagan also said in a brief televised appearance in the White House briefing room that he was summoning Ambassador Max Kampelman and the other top U.S. arms negotiator... | REAGAN SAYS U.S. TO OFFER MISSILE TREATY |
Harris Associates L.P. a Chicago investment advisory limited partnership said it lowered its stake in Bell Industries Inc to 1015800 shares or 18.7 pct of the total outstanding from 1083800 shares or 20.0 pct. In a filing with the Securities and Exchange Commission Harris said it sold 68000 Bell common shares between D... | HARRIS CUTS STAKE IN BELL INDUSTRIES <BI> |
The chairman of Goodyear Tire and Rubber Co a concern that survived a recent hostile takeover bid charged that terrorists in three-piece suits are undermining the nations industrial base. In a speech to a meeting of south Florida business executives Goodyear Chairman Robert Mercer lashed out at corporate raiders and ta... | GOODYEAR <GT> CHAIRMAN CRITICIZES CORPORATE RAIDS |
Shr six cts vs five cts Net 459131 vs 289433 Revs 1808832 vs 1680240 Reuter | <TIVERTON PETROLEUMS LTD> NINE MTHS DEC 31 NET |
Carling OKeefe Ltd said the board decided to retain ownership of its Toronto Argonaut Football Club after considering offers to acquire the team. The company said it received a number of expressions of interest in buying the club of which two became formal offers to purchase. Neither offer met the companys unspecified ... | CARLING O'KEEFE <CKB> TO RETAIN FOOTBALL CLUB |
The Commodity Credit Corporation has approved an additional 45.0 mln dlrs under its interemdiate export credit guarantee program GSM-103 for sales of U.S. wheat to Morocco the U.S. Agriculture Department said. The action increases Moroccos cumulative fiscal year 1987 program for wheat under GSM-103 to 75.0 mln dlrs. Th... | MORE INTERMEDIATE U.S. WHEAT CREDITS FOR MOROCCO |
Equitable Life Leasing Corp said it named Lawrence Johnes president and chief operating officer effective April one. Johnes joined the company in November 1984 as executive vice president and chief financial officer. Edward Horman will continue as chairman and chief executive officer the company said. Reuter | EQUITABLE LIFE LEASING NAMES PRESIDENT |
Royal Resources Inc said it is calling a special shareholder meeting for April 21 seeking approval of a name change and an increase in its authorized common shares. Stockholders will be asked to change the companys name to Royal Gold Inc to better reflect the companys goal to become a gold company. Royal defines a gold... | ROYAL <RRCO> SEEKS NAME CHANGE, SHARE BOOST |
Qtrly div 17 cts vs 17 cts prior Pay April 13 Record March 25 Reuter | MCA INC <MCA> SETS REGULAR QTRLY PAYOUT |
Soviet winter grains could be off to a faulty start this spring after enduring an usually dry fall and cold winter weather and crop analysts said. Prospects for another near-record grain harvest in the Soviet Union appear dim at this point but it is premature to forecast any major crop problems analysts said. But the s... | SOVIET GRAINS SEEN ENTERING SPRING ON SHAKY NOTE |
(Alcan Aluminium Ltd) is closing its aluminum smelter in Ludwigshafen West Germany this June due to high operating costs an Alcan spokesman said. The smelter near Frankfurt had annual capacity of about 44000 metric tons but was operating at about half that in January spokesman Fernand Leclerc said. Leclerc said Alcan d... | ALCAN (AL) TO CLOSE WEST GERMAN SMELTER |
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