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Shr loss 72 cts vs loss 1.48 dlrs Net loss 4466006 vs loss 9091688 Revs 608181 vs 1280727 Avg shrs 6194000 vs 6155461 First half Shr loss 77 cts vs loss 1.51 dlrs Net loss 4752455 vs loss 9265457 Revs 1444149 vs 2791188 Avg shrs 6174731 vs 6155461 NOTE: Losses include charges of 4.0 mln dlrs in both 1986 periods vs 14.... | ROYAL RESOURCES CORP <RRCO> 2ND QTR DEC 31 LOSS |
Musto Explorations Ltd said it negotiated the private placement of up to 300000 shares at 1.65 dlrs each. It said the investors would receive non-transferable share purchase warrants allowing them to acquire up to another 300000 shares at 1.90 dlrs each over one year. The placement is subject to regulatory approval it ... | MUSTO <MUSMF> NEGOTIATES PRIVATE PLACEMENT |
Hanson Trust PLC said Kaiser Cement shareholders today approved the previously announced merger agreement making Kaiser Cement an indirect wholly owned unit of Hanson Trust. Hanson said that promptly following the filing of the certificate of merger Kaiser Cement common shares will be delisted from the New York Stock E... | HANSON TRUST <HAN> COMPLETES KAISER PURCHASE |
Applied Magnetics Corp said its board named Ben Newitt to the new position of vice chairman and as chief executive officer. Newitt who had been president and chief executive officer is succeeded as president by William Anderson who had been executive vice president and chief operating officer. Reuter | APPLIED MAGNETICS <APM> NAMES OFFICERS |
Phone-A-Gram System Inc said it named Eugene Mora its Chairman and chief executive officer. Mora succeed Fred Peterson who resigned. Mora had been president of Victor Temporary Services. He has been a member of Phone-A-Grams board since 1986. Reuter | PHONE-A-GRAM <PHOG> NAMES NEW CHAIRMAN |
Crude oil prices rallied today moving over 17.00 dlrs a barrel because of Saudi Arabias determined effort to support prices analysts said. The Saudis and other OPEC nations are jawboning the market hoping to restore confidence and prices and to do this without another meeting said Sanford Margoshes oil analyst with She... | OIL PRICES RISE ON SAUDI EFFORT |
U.S. SELLING 13.2 BILLION DLRS OF 3 AND 6-MO BILLS MARCH 9 TO PAY DOWN 2.45 BILLION DLRS | |
Treasury balances at the Federal Reserve rose on Feb 27 to 3.482 billion dlrs from 1.538 billion dlrs the previous business day the Treasury said in its latest budget statement. Balances in tax and loan note accounts fell to 21.334 billion dlrs from 25.164 billion dlrs on the same respective days. The Treasurys operati... | TREASURY BALANCES AT FED ROSE ON FEB 27 |
The U.S. Treasury said it will sell 13.2 billion dlrs of three and six-month bills at its regular auction next week. The March 9 sale to be evenly divided between the three and six month issues will result in a paydown of 2.45 billion dlrs as maturing bills total 15.65 billion dlrs. The bills will be issued March 12. R... | U.S. TO SELL 13.2 BILLION DLRS IN BILLS |
Nynex Business Information Systems Co said it won a contract valued at nine mln dlrs from the U.S. Army Corp of Engineers to provide an advanced communications system for a facility in upstate New York. The company a unit of Nynex Corp said the contract was for initial work on the project at the new Fort Drum Light Inf... | NYNEX <NYN> UNIT WINS ARMY CONTRACT |
Shr profit three cts vs loss seven cts Net profit 161000 vs loss 367000 Revs 24.3 mln vs 26.5 mln Reuter | KASLER CORP <KASL> 1ST QTR JAN 31 NET |
Coffee prices may have to fall even lower to bring exporting and importing countries once more round the negotiating table to discuss export quotas ICO delegates and traders said. The failure last night of International Coffee Organization ICO producing and consuming countries to agree export quotas brought a sharp fal... | COFFEE MAY FALL MORE BEFORE NEW QUOTA TALKS |
Seaman Furniture Co Inc said its board declared a two-for-one split of the companys outstanding stock. It said holders of its common will receive one additional share for each share held as of March 20. It said certificates representing additional shares will be distributed as soon as possible after April 10. Reuter | SEAMAN FURNITURE <SEAM> IN STOCK SPLIT |
Oper shr eight cts vs eight cts Oper net 5219000 vs 4377000 Revs 214.9 mln vs 182.5 mln NINE MTHS Oper shr 51 cts vs 51 cts Oper net 29.6 mln vs 27.9 mln Revs 634.5 mln vs 569.3 mln 1986 net excludes extraordinary gain of 8031000 dlrs or 15 cts shr. 1987 net reflects three-for-one stock split in 2nd qtr and issue of 1.... | <SCOTT'S HOSPITALITY INC> 3RD QTR JAN 31 NET |
Telxon Corp reported it expects revenues for the quarter ending March 31 to be between 26 to 28 mln dlrs. The company said earnings per share for the period should be between 23 cts to 26 cts. The company is making an announcement at this time in response to analysts fourth quarter revenues and earnings per share estim... | TELXON CORP <TLXN> SEES HIGHER REVENUES |
Royal Resources Corp said its board set an April 21 a shareholders meeting to vote on the sale of its oil and gas properties for 3650000 dlrs an increase in authorized common to 20 mln shares from 15 mln and the change of the companys name to Royal Gold Inc. The company has agreed to sell its oil and gas properties to ... | ROYAL RESOURCES <RRCO> SETS VOTE ON SALE |
Shr 57 cts vs 27 cts Net 1002000 vs 470000 Sales 15.9 mln vs 12.0 mln Note: 4th qtr figures not given. Reuter | AMERICAN VANGUARD CORP <AMGD> YEAR NET |
Legislation to implement the first stage of a promised sweeping new regulatory framework for the Canadian banking system was presented in the House of Commons the finance department said. The department said the main measures in the bill include the previously announced consolidation of federal supervisory agencies int... | CANADA INTRODUCES NEW BANKING LEGISLATION |
American Telephone and Telegraph Co said it will offer a special team of representatives to help hearing-impaired persons use telecommunications services. The team will work through the companys National Special Needs Center which offers various products that enable hearing- motion- speech- and vision-impaired persons ... | ATT <T> SETS HEARING IMPAIRED SERVICE |
Shr 12 cts vs 19 cts Net 369000 vs 358000 Revs 7076000 vs 6712000 Avg shrs 3050000 vs 1850000 Nine mths Shr 53 cts vs 63 cts Net 1523000 vs 1158000 Revs 22.6 mln vs 20.7 mln Avg shrs 2852198 vs 1850000 Reuter | HARPER INTERNATIONAL INC <HNT> 3RD QTR JAN 31 |
Home Intensive Care Inc said it extended until March 15 the period during which holders of its callable cumulative convertible preferred stock may convert each of their shares into 2.2 shares of the companys common stock. After that date the preferred may be converted into two shares of common the company said. Reuter | HOME INTENSIVE CARE <KDNY> EXTENDS CONVERSION |
Qtly div 28 cts vs 28 cts prior Pay April one Record March 13 Reuter | WITCO CORP <WIT> SETS REGULAR QTLY PAYOUT |
Reidel Environmental Technologies Inc said its Reidel Envirnomental Services Inc unit won a contract with the Environmental Protection Agency that could total over 100 mln dlrs over the next four years. Under the agreement which began March 1 Reidel will act as the prime contractor for the cleanup and removal of hazard... | REIDEL <RETI> UNIT SELECTED FOR EPA CONTRACT |
PANCANADIAN TO SELL NORTH SEA PROPERTIES, UNIT TO WHITEHALL FOR CASH | |
U.S. power companies generated a net 50.08 billion kilowatt-hours of electrical energy in the week ended Feb 28 up 2.4 pct from 48.91 billion a year earlier the Edison Electric Institute (EEI) said. In its weekly report on electric output the electric utility trade association said electric output in the week ended Feb... | WEEKLY ELECTRIC OUTPUT UP 2.4 PCT FROM 1986 |
Qtly div six cts vs six cts prior Pay April one Record March 23 Reuter | <MDS HEALTH GROUP LIMITED> IN QTLY PAYOUT |
Qtr ended Jan 31 Shr 12 cts vs 19 cts Net 369000 vs 358000 Revs 7076000 vs 6712000 Avg shrs 3050000 vs 1850000 Nine mths Shr 53 cts vs 63 cts Net 1523000 vs 1158000 Revs 22.6 mln vs 20.7 mln Avg shrs 2852198 vs 1850000 Reuter | HARPER INTERNATIONAL INC <HNT> 3RD QTR NET |
Net loss 705496 vs loss 182766 Sales 642590 vs 1126315 Reuter | BURST AGRITECH INC <BRZT> YEAR NOV 30 LOSS |
Riedel Environment Technologies Incs subsidiary Riedel Environmental Services Inc <RES> received a contract to clean up and remove hazardous substances from contaminated sites in 23 states west of the Mississippi River. The contract which could total more than 100 mln dlrs over the next four years is with the Federa... | RIEDEL ENVIRONMENT <RETI> UNIT GETS EPA CONTRACT |
The New York Stock Exchange said Cannon Group Inc declined to comment on the unusual activity in its common stock. Cannons stock is up 1-3/8 points at 10-1/8. Reuter | CANNON GROUP <CAN> DECLINES COMMENT ON STOCK |
API SAYS DISTILLATE STOCKS OFF 4.4 MLN BBLS, GASOLINE OFF 30,000, CRUDE UP 700,000 | |
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 tonnes but was operating at about half that in January spokesman Fernand Leclerc said. Leclerc said Alcan decided ... | ALCAN TO CLOSE WEST GERMAN SMELTER |
The Writers Guild of America said it agreed to meet with representatives of CBS Inc <CBS> and Capital Cities/ABC Inc <CCB> at the offices of the Federal Mediation Service at 1000 EST Thursday. The guild is pleased that the networks have returned to the table a spokesman said. The talks would be the first since th... | WRITERS GUILD TO MEET WITH NETWORKS THURSDAY |
Coca-Cola Bottling Co Consolidated said James Moore Jr. will assume the position of president and chief executive office replacing Marvin W. Griffin Jr. who resigned effective today. The company said Moore previously served as president of <Atlantic Soft Drink Co>. Reuter | COCA-COLA BOTTLING <COKE> NAMES NEW PRESIDENT |
<PanCanadian Petroleum Ltd> said it agreed to sell its working interest in its North Sea properties and its British unit Canadian Pacific Oil and Gas of Canada Ltd to Whitehall Petroleum Ltd a private British company. PanCanadian 87 pct-owned by Canadian Pacific Ltd <CP> said it would receive 1.7 mln British poun... | PANCANADIAN TO SELL BRITISH INTERESTS |
Allegheny International Inc said it plans to close three appliance manufacturing plants as part of a restructuring. The company said it will close its Milwaukee plant by October 1 idling 350 employees and its Dayton Tenn. facility with about 300 employees by March 1 1988. In addition a plant in Toronto will phase out p... | ALLEGHENY INT'L <AG> TO CLOSE THREE PLANTS |
Congress passed and sent to President Reagan a bill that sets energy efficiency standards for major household appliances such as refrigerators air conditioners washers and dryers and furnances. Final action came on a voice vote in the House. The Senate had passed the bill 89-6 on February 17. Reagan vetoed a similar bi... | CONGRESS PASSES APPLIANCE STANDARD BILL |
Piedmont Aviation Incs Piedmont Airlines said its February load factor or percentage of seats filled rose to 55.5 pct from 52.6 pct for the same month last year. The airline said revenue passenger miles for the month were up 20.1 pct to 780 mln from 649.3 mln. A revenue passenger mile is one paying passenger flown one ... | PIEDMONT AIR <PIE> FEBRUARY LOAD FACTOR RISES |
Telxon Corp said it expects per-share earnings for its fourth quarter ending March 31 to be about 23 cts to 26 cts on revenues of 26 mln dlrs to 28 mln dlrs. For the year-ago quarter the company earned 22 cts a share adjusted for a three-for-two stock split on revenues of 24.2 mln dlrs. The company said it made the ear... | TELXON <TXLN> SEES SLIGHTLY HIGHER 4TH QTR NET |
Reid-Ashman Inc said it has decided to divest its test products division located in Santa Clara. The company said it will entertain offers through March 30. It also said Steven Reid a company founder and president of the test division has made an offer to purchase the unit. The companys test division accounted for abou... | REID-ASHMAN <REAS> TO DIVEST TEST PRODUCT UNIT |
Qtly div 87 cts vs 87 cts Pay Feb 17 Record Jan 20 Reuter | PACIFIC LIGHTING COPR <PLT> QUARTERLY DIVIDEND |
Qtly div five cts vs five cts Pay May 22 Record May 8 Reuter | CETEC CORP <CEC> QUARTERLY DIVIDEND |
Distillate fuel stocks held in primary storage fell by 4.4 mln barrels in the week ended Feb 27 to 127.10 mln barrels from 131.50 mln the previous week the American Petroleum Institute (API) said. In its weekly statistical bulletin the oil industry trade group said gasoline stocks fell 30000 barrels to 252.92 mln barre... | API SAYS DISTILLATE, GAS STOCKS OFF IN WEEK |
Shr six cts vs five cts Net 199037 vs 135587 Sales 1594895 vs 1368959 Avg shrs 3.1 mln vs 2.5 mln Year Shr 25 cts vs 19 cts Net 695398 vs 446426 Sales 5785365 vs 4520781 Avg shrs 2.8 mln vs 2.4 mln Reuter | JONES MEDICAL INDUSTRIES INC <JMED> 4TH QTR NET |
Qtly div 12-1/2 cts vs 12-1/2 cts Pay March 31 Record Feb 27 Reuter | MAUI LAND AND PINAPPLE CO INC QUARTERLY DIVIDEND |
GM TO REPUCHASE UP TO 20 PCT OF 1.66 DLR PAR VALUE COMMON BY END OF 1990 | |
Exports of American wine rose 14.9 per cent last year to a total of 7.2 million gallons the Wine Institute said. The San Francisco-based promotional group said 95 per cent of the exported wine was from California and the top three markets were Canada Japan and Britain. Japan which edged out Britain as the leading impor... | U.S. WINE EXPORTS ROSE 15 PER CENT LAST YEAR |
Assistant U.S. 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... | U.S. TREASURY OFFICIAL SEES LATIN DEBT PROGRESS |
Canadas 1.20 billion dlr bond offer was virtually sold out as bond prices closed weaker in moderate trading dealers said. Sales of todays issue were slowed by the decline in American credit markets and rising oil prices which stirred concerns about inflation the traders said. The issue was selling at or just below issu... | NEW CANADA ISSUE ALMOST SOLD OUT AT CLOSE |
the U.S. Agriculture Departments National Agricultural Statistics Services (NASS) said it will change its citrus estimate program for California and Arizona starting in 1988. NASS said it will discontinue California forecasts for lemons during December February March May and June and for grapefruit and tangerines for t... | USDA TO REDUCE CITRUS ESTIMATING PROGRAM |
Shr nine cts vs six cts Net 3500000 vs 2500000 Revs 294.0 mln vs 351.5 mln Note: 1986 year includes tax gain of 1700000 dlrs Reuter | <TRIMAC LTD> YEAR NET |
Arvin Industries Inc said it will offer 150 mln dlrs of debt securities. The company will offer 75 mln dlrs of 8-3/8 pct notes due March 1 1997 and 75 mln dlrs of 9-1/8 pct sinking fund debentures due March 1 2017 as part of an existing 200 mln dlr shelf registration. The notes were priced at 99.63 pct to yield 8.43 pc... | ARVIN INDUSTRIES <ARV> OFFERS SECURITIES |
General Motors Corp said its directors authorized the repurchase of up to 20 pct of its 1.66 dlr par value common stock by the end of 1990. GM said the level of repurchases this year will not exceed 10 mln shares or about three pct of its outstanding stock. It said the stock repurchase as market conditions permit will ... | GM <GM> TO REPUCHASE COMMON STOCK |
Oppenheimer and Co a New York brokerage firm said it raised its stake in Viacom International Inc to the equivalent of 2709600 shares or 7.7 pct of the total from 2232400 shares or 6.3 pct. In a filing with the Securities and Exchange Commission Oppenheimer said it bought a net 477200 Viacom common shares between Jan 1... | OPPENHEIMER UPS VIACOM <VIA> STAKE TO 7.7 PCT |
Shr loss 25 cts vs profit 11 cts Net loss 446005 vs profit 185325 Sales 2.4 mln vs 2.5 mln 12 mths Shr loss 16 cts vs profit 41 cts Net loss 282305 vs profit 709787 Sales 10.1 mln vs nine mln Reuter | EMPI INC <EMPI> 4TH QTR LOSS |
The U.S. Senate Agriculture Committee may take up a bill tomorrow that would strengthen the activities of U.S. agricultural trade teams in selected developing countries committee staff said. The measure sponsored by committee Chairman Patrick Leahy (D-Vt.) and Sen. John Melcher (D-Mont.) would establish trade teams of ... | U.S. SENATE PANEL COULD CONSIDER TRADE MEASURE |
The U.S. is sticking for the moment to its policy that Brazil which two weeks ago suspended debt payments to private banks should deal with its creditors and not with governments U.S. officials said. I dont see any desire here to scurry around and help Brazil until we get a better sense of what they are trying to do a ... | U.S. OFFICIALS SAY BRAZIL SHOULD DEAL WITH BANKS |
Standard and Poors said it is reviewing <MEPC Plcs> two A-rated eurobond issues totalling 125 mln stg for a possible downgrade. The review follows the agreement by the British-based real-estate firm to acquire a controlling interest in Oldham Estate Plc and its offer to buy the remaining equity. The maximum cost of ... | S/P MAY DOWNGRADE MEPC PLC'S EUROBONDS |
Florida Public Utilities Co said its board declared a three-for-two stock split on its common stock. It said holders of record April 15 will receive one additional share May one for each two shares held. The company also said it raised the dividend on its common stock by two cts to 33 cts a share on a pre-split basis. ... | FLORIDA PUBLIC <FPUT> SPLITS STOCK, UPS DIV |
City Investing Co Liquidating Trust said it declared a cash distribution of 25 cts a unit payable April 10 to unit-holders of record April one. The trust last paid a stock distribution of General Development Corp <GDB> shares in July. Reuter | CITY INVESTING TRUST <CNVLZ> SETS CASH PAYOUT |
Total supply of frozen concentrated orange juice (FCOJ) in 1986/87 is expected to be significantly above year-earlier levels even with carry-in stocks well below the previous season the U.S. Agriculture Department said. In a summary of its Fruit Situation Report the Department said Floridas imports of FCOJ mostly from ... | FCOJ SUPPLIES SIGNIFICANTLY ABOVE YEAR AGO-USDA |
House Ways and Means Committee chairman Dan Rostenkowski would want White House support for any tax increase including a tax on securities transactions before considering the issue a staff member said. In addition congressional leaders have not agreed on whether they will seek any tax increase this year he said. Rosten... | SECURITIES TAX WOULD NEED WHITE HOUSE SUPPORT |
Qtly div 14 cts vs 19 cts prior Pay March 31 Record March 16 Note: Quarterly dividend for prior quarter included special payout of five cts a share. Reuter | FLORIDA COMMERCIAL BANKS INC <FLBK> DIVIDEND |
Oper shr 33 cts vs 33 cts Oper net 3330000 vs 2969000 Revs 95.9 mln vs 92.0 mln Avg shrs 8610068 vs 7603219 Note: 1986 net excludes extraordinary gain of 577000 dlrs or seven cts shr vs yr-ago gain of 71000 dlrs or one ct shr. Reuter | <TIMMINCO LTD> YEAR NET |
A membership seat on the Chicago Board Options Exchange (CBOE) sold for a record 342000 dlrs Friday the exchange said today. The previous record price of 308000 dlrs was set on February 17. The current bid for a CBOE seat is 315000 dlrs and the offer is 345000 dlrs. Reuter | CBOE MEMBERSHIP SEAT SELLS FOR RECORD HIGH |
Shr profit 31 cts vs loss 20 cts Net profit 1044424 vs loss 515425 Avg shrs 3406841 vs 2544531 Year Shr profit 2.83 dlrs vs profit 42 cts Net profit 8811142 vs profit 1058503 Avg shrs 3111464 vs 2544531 Note: Full company name is United Fire and Casualty Co Net includes realized gains of 93551 dlrs and 764177 dlrs resp... | <UNITED FIRE AND CASUALTY> 4TH QTR NET |
Oper shr 30 cts vs 24 cts Oper net 38686000 vs 28384000 Revs 42.3 mln vs 31.2 mln Year Oper shr 1.05 dlrs vs 94 cts Oper net 136594000 vs 110831000 Revs 153.3 mln vs 125.1 mln Note: Fourth quarter results exclude extraordinary and other items which raised final 1986 net to 62485000 dlrs or 49 cts a share and lowered fi... | <POWER CORP OF CANADA> 4TH QTR NET |
JEFFERIES AND CO INC SAID IT IS MAKING A MARKET FOR GM STOCK AT 77-1/2 to 78 | |
Eligible producers of 1986 crop U.S. corn and sorghum will receive an estimated 600 mln dlrs in deficiency payments -- 50 pct in generic commodity certificates and 50 pct in cash the U.S. Agriculture Department said. It said corn producers will receive about 515 mln dlrs and sorghum producers about 85 mln dlrs. Only th... | U.S. CORN, SORGHUM PAYMENTS 50-50 CASH/CERTS |
Pennzoil Co chairman J. Hugh Liedtke said the company has made several proposals to Texaco Inc <TX> to settle a 9.13 billion dlr judgment awarded to Pennzoil and that a settlement was in the best interests of both companies. Liedtke in a letter mailed today to Pennzoil shareholders said Texacos management has incorr... | PENNZOIL <PZL> SAYS IT HAS MADE SETTLEMENT OFFERS |
A membership seat on the Chicago Board Options Exchange (CBOE) sold for a record 342000 dlrs Friday the exchange said today. The previous record price of 308000 dlrs was set on February 17. The current bid for a CBOE seat is 315000 dlrs and the offer is 345000 dlrs. Reuter | CBOE MEMBERSHIP SEAT SELLS FOR RECORD HIGH |
The U.S. Agriculture Department proposes to rename the USDA Good grade of beef to USDA Select. The department said the proposed change is in response to a petition from Public Voice for Food and Health Policy and would present a more positive image of this grade of beef and help calorie-conscious consumers select leane... | USDA PROPOSES NAME CHANGES IN BEEF GRADE |
Jefferies and Co Inc said it is making a market for General Motors Corp <GM> stock at 77-1/2 to 78. GM said earlier today its directors authorized the repurchase of up to 20 pct of its common stock by the end of 1990 and that it would not repurchase more than ten mln shares this year. Reuter | JEFFERIES AND CO MAKING MARKET FOR GM STOCK |
Morton Thiokol Inc said it has a tentative agreement to sell its downtown headquarters to Tishman Midwest Management Corp for undisclosed terms. Thomas Russell company spokesman said the proceeds representing a non-operating asset will be reinvested into the operating part of its business. The company will move 700 of ... | MORTON THIOKOL <MTI> SELLING HEADQUARTERS |
Shr loss 1.48 dlrs vs loss 36 cts Net loss 4036000 vs loss 983000 Sales 16.6 mln vs 17 mln 12 mths Shr loss 1.88 dlrs vs profit 71 cts Net loss 5113000 vs profit 1904000 Sales 85.4 mln vs 88.5 mln Note: Prior year net includes extraordinary loss of 298000 dlrs in qtr and extraordinary profit of 718000 dlrs in year. Reu... | VENDO CO <VEN> 4TH QTR LOSS |
Hilton Hotels Corp said it received approval from Federal court to sue the Internal Revenue Service to determine if the IRS was correct in allowing the Conrad Hilton Foundation to hold certain stocks. That ruling by the IRS allowed the Foundation set up by the late Conrad Hilton to hold onto 27 pct of the Hilton Corp w... | HILTON HOTELS <HLT> GIVEN RIGHT TO SUE IRS |
The Australian Government will likely reimburse the Australian Wheat Board AWB about 132 mln (U.S.) dlrs to pay wheat farmers for their 1986/87 crop the U.S. Agriculture Department said. In its report on Export Markets for U.S. Grains the department said the sharp fall in world wheat prices has reduced the export sales... | AUSTRALIAN GOVERNMENT TO PAY SUBSIDIES--USDA |
Qtly div seven cts vs six cts prior Pay April 17 Record April three Reuter | LAWSON PRODUCTS INC <LAWS> RAISES QTLY PAYOUT |
Kaneb Energy Partners Ltd said it may be forced to omit or lower future quarterly cash distributions because of a contract dispute with two major customers and the continued slump in oil and gas prices. The partnership said however that it will pay a regular quarterly distribution of 60 cts a unit on April 15 to holder... | KANEB ENERGY <KEP> MAY OMIT FUTURE PAYOUTS |
ITT Corp Chairman Rand Araskog told a meeting of analysts that the company has been considering a repurchase of some shares. We are considering that as a very important way to increase earnings per share Araskog said and noted the aim was not to boost ITTs stock short term in the market. ITT recently reported that its ... | ITT <ITT> CONSIDERING STOCK REPURCHASE |
Shr 50 cts vs 46 cts Net 43.0 mln vs 34.8 mln YEAR Shr 1.55 dlrs vs 1.38 dlrs Net 136.8 mln vs 112.9 mln Note: Holding company. Reuter | BRASCAN LTD <BRS.A> 4TH QTR NET |
Qtly div 14 cts vs 14 cts prior Payable March 31 Record March 16 Reuter | FLORIDA COMMERCIAL BANKS INC <FLBK> QTLY DIV |
First Union Corp said it is raising 100 mln dlrs through an offering of par-priced 8-1/8 pct subordinated notes due December 15 1996. Managing underwriter for the issue is Shearson Lehman Brothers Inc. The bonds which are non-callable are rated A-2 by Moodys Investors Service and A-minus by Standard and Poors. They wer... | FIRST UNION <FUNC> SELLS DEBT AT 8-1/8 PCT |
Shr 16 cts vs 35 cts Net 476000 vs 929000 Revs 3000000 vs 3600000 Reuter | <CHAUVCO RESOURCES LTD> YEAR NET |
Japanese traders have apparently sharply reduced commitments to buy Chinese corn over the next six months due to high prices the U.S. Agriculture Department said. In its World Production and Trade Report the department said traders indicated China may lack supplies or be unwilling to sell at current low world prices. I... | JAPAN CUTTING CHINA CORN COMMITMENTS - USDA |
<Photon Technology International Inc> said it entered an agreement in principle with <ML Technology Ventures L.P.> to undertake a research and development project. ML Technology will pay Photon about 3.1 mln dlrs over a three-year period to develop new photonic technologies with applications in the medical field.... | PHOTON TECHNOLOGY, ML TECHNOLOGY IN VENTURE |
Saudi Arabia will succeed in pressuring other members of the Organization of Petroleum Exporting Countries to stay within their production quotas said Morgan Stanley Group managing director John Wellemeyer. Wellemeyer speaking to reporters at an offshore oil engineering conference also said he expected OPEC nations to ... | SAUDI SUCCESS SEEN IN CURBING OPEC PRODUCTION |
The European Community EC sold 75000 tonnes of soft wheat at a subsidized price of between 85 and 89 dlrs per tonne FOB for March delivery in a continuing bid to establish itself in the Brazilian wheat market the U.S. Agriculture Department said. The sale sharply undercut the U.S. offer of 112 dlrs per tonne FOB for 33... | EC DRIVING TO CAPTURE BRAZIL WHEAT MARKET - USDA |
British Aerospace inc said it would hold a news conference Thursday morning to announce the sale of 18 to 20 jets to four airlines two of them in the United States. A company spokesman said the sales involved 12 BAE 146 jets and six to eight Jetstream 31 commuter jets. He declined to name the four airlines which were b... | BRITISH AEROSPACE TO ANNOUNCE JET SALES |
<Mark Resources Inc> said it agreed to sell 50.3 mln dlrs of securities to Canadian investment dealers Nesbitt Thomson Deacon Inc Gordon Capital Corp and First Marathon Securities Ltd. Mark said the securities would consist of 2.3 mln series A special warrants at 11 dlrs each with each exchangeable for one common sh... | MARK RESOURCES TO SELL SECURITIES |
Zenith Laboratories Inc said the company will report a fourth quarter loss and the amount will be determined on completion of its year end audit. The company did not elaborate further. For the third quarter ended Sept 30 1986 Zenith reported a loss of 3451000 dlrs or 16 cts per share adjusted for a May 1986 2-for-1 sto... | ZENITH LABS <ZEN> WILL REPORT 4TH QTR LOSS |
Commerce Secretary Malcolm Baldrige said he felt a proposed takeover by Japans <Fujitsu Ltd> of U.S.-based Fairchild Semiconductor Corp a subsidiary of Schlumberger Ltd <SLB> should be carefully reviewed. He told the Semiconductor Industry Association the deal would soon be discussed by representatives of several... | U.S. COMMERCE SECRETARY QUESTIONS FUJITSU DEAL |
Delegates to the American Pork Congress will decide whether or not they want mandatory production controls when they vote on the official pork producer policy wednesday the National Pork Producers Council said. The American Pork Congress APC delegates listened to both sides of the question when former Iowa Congressman ... | MANDATORY PRODUCTION CONTROLS DEBATED AT APC |
Taiwan bought 25000 tonnes U.S. soybeans today at 203.40 dlrs a tonne C and F Gulf for May 15-30 shipment private export sources said. Reuter | TAIWAN BUYS 25,000 TONNES U.S. SOYBEANS |
Taiwan passed on its tender overnight for 25000 tonnes of U.S. corn and 49000 tonnes U.S. sorghum private export sources said. Taiwan will retender for the corn for May 15-30 shipment if via the Gulf or June 1-15 via Pacific northwest on March 6 but has not rescheduled a tender for sorghum they said. Reuter | TAIWAN PASSES ON U.S. CORN, WILL RETENDER |
Bangladesh passed on its weekend tender for 100000 tonnes of optional origin soft wheat private export sources said. Reuter | BANGLADESH PASSES ON TENDER FOR SOFT WHEAT |
The American Stock Exchange (Amex) which faces stiff competition from the New York Stock Exchange and the over-the-counter market for listed companies said it is launching a 2 mln dlr advertising campaign. Amex will advertise on television for the first time it said. The campaign also includes print ads. Our entry into... | AMERICAN STOCK EXCHANGE PLANS AD CAMPAIGN |
The National Pork Board announced at the American Pork Congress convention in Indianapolis that refunds under the legislative checkoff program are running less than expected. The Board oversees collection and distribution of funds from the checkoff program that was mandated by the 1985 farm bill. Virgil Rosendale a por... | PORK CHECKOFF REFUNDS LESS THAN EXPECTED |
Despite earlier optimistic indications the South African corn crop is at a critical stage in its development and recent reports of heat stress could reduce production and therefore exportable supplies the U.S. Agriculture Department said. In its report on Export Markets for U.S. Grains the department said South Africas... | SOUTH AFRICA CORN EXPORTS COULD BE REDUCED-USDA |
Arvin Industries Inc said it is raising 150 mln dlrs through an offering of 8-3/8 pct 10-year notes and 9-1/8 pct 30-year sinking fund debentures. Lead underwriter for the offerings both of 75 mln dlrs is Merrill Lynch Capital Markets. The notes were priced at 99.63 pct to yield 8.43 pct and the debentures were priced ... | ARVIN INDUSTRIES <ARV> TO SELL 150 MLN DLRS DEBT |
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