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Tug crews in New South Wales (NSW) Victoria and Western Australia yesterday lifted their ban on foreign-flag ships carrying containers but NSW ports are still being disrupted by a separate dispute shipping sources said. The ban imposed a week ago over a pay claim had prevented the movement in or out of port of nearly 2... | AUSTRALIAN FOREIGN SHIP BAN ENDS |
RUBBERMAID INC 1ST QTR SHR 28 CTS VS 22 CTS | |
The two sides in the Rotterdam port general cargo dispute have agreed to appoint an independent chairman Han Lammers to preside over future meetings employers spokesman Gerard Zeebregts said. Lammers Queens Commissioner for the province of Flevoland will not act as a mediator but will draw up an agenda and procedures f... | INDEPENDENT CHAIRMAN FOR DUTCH CARGO DISPUTE |
Shr 20 cts vs 32 cts Net 1358000 vs 2476000 Revs 27.1 mln vs 26.2 mln Avg shrs 6852000 vs 7764000 Nine mths Shr 68 cts vs 1.05 dlrs Net 4957000 vs 8129000 Revs 82.6 mln vs 78.8 mln Avg shrs 7316000 vs 7754000 Reuter | ELECTRO RENT CORP <ELRC> 3RD QTR FEB 28 NET |
Boeing Cos Boeing Commerical Airplane Co said it selected an unducted fan engine for continued development as the baseline engine for the advanced technology 7J7 airliner due to enter service in 1992. Boeing said it reached the decision following a three-month study of <International Aero Engines> SuperFan concept a... | BOEING <BA> UNIT CHOOSES UNDUCTED FAN ENGINE |
Shr 28 cts vs 22 cts Net 20.6 mln vs 16.1 mln Sales 238.0 mln vs 188.8 mln Reuter | RUBBERMAID INC <RBD> 1ST QTR NET |
Shr profit 13 cts vs loss 33 cts Net profit 1149000 vs loss 2833000 Rev 51.8 mln vs 47.8 mln Year Shr profit 24 cts vs loss 18 cts Net profit 2050000 vs loss 1551000 Rev 200.6 mln vs 180.1 mln Reuter | WTC INTERNATIONAL INC <WAF> 4TH QTR FEB 28 NET |
The Bank of England said it provided the market with further help totalling 166 mln stg during the afternoon. In band one it bought 31 mln stg of treasury bills and three mln stg of bank bills at 9-7/8 pct while in band two it bought 69 mln stg of bank bills at 9-13/16 pct. In addition it bought 63 mln stg of band thre... | U.K. MONEY MARKET GIVEN FURTHER 166 MLN STG HELP |
MEAD CORP 1ST QTR OPER SHR 1.09 DLRS VS 67 CTS | |
Canadian Airlines International said it agreed to purchase six Boeing Co 767-300ER (extended range) aircraft and options on eight more for 1.6 billion Canadian dlrs including spare parts and training. Delivery will begin in April 1988 and run through April 1989 the company said. The airline said it plans to finance the... | CANADIAN AIRLINES TO PURCHASE SIX BOEING<BA>JETS |
Rubbermaid Inc said its incoming order rates continue strong and it expects to continue recording favorable year to year comparisons in each remaining quarter of 1987. Today the company reported first quarter earnings of 20.6 mln dlrs on sales of 238.0 mln dlrs up from earnings of 16.1 mln dlrs on sales of 188.8 mln dl... | RUBBERMAID <RBD> SEES CONTINUED IMPROVEMENT |
Shr 55 cts vs 41 cts Net 494000 vs 204000 Avg shrs 896655 vs 494155 Reuter | CAYUGA SAVINGS BANK <CAYB> 1ST QTR NET |
Shr 33 cts vs not given Net 642484 vs 362883 NOTE: Company went public in October 1986. Net includes pretax loan loss provisions of 90000 dlrs vs 56250 dlrs and gain on sale of securities of 113432 dlrs vs 88946 dlrs. Reuter | JOHNSTOWN SAVINGS BANK FSB <JSBK> 1ST QTR NET |
2nd qtr March 31 Shr 57 cts vs not given Net 790874 vs 628020 1st half Shr 1.15 dlrs vs not given Net 1588985 vs 1073163 NOTE: Company recently went public. Reuter | HOME SAVINGS AND LOAN ASSOCIATION INC <HSLD> |
Shr 21 cts vs 20 cts Net 596000 vs 594000 Revs 8693000 vs 8164000 Nine mths Shr 61 cts vs 58 cts Net 1784000 vs 1653000 Revs 26.3 mln vs 23.0 mln Reuter | GEODYNAMICS CORP <GDYN> 3RD QTR FEB 27 NET |
North Star Uranium Inc said it has changed its name to West Coast Traders Inc to reflect its business the bulk importing of olive oil. The company said it plans to start distributing its Italia Olive Oil brand now sold on the West Coast nationally. North Star Uranium had been inactive until it acquired West Coast Trade... | <NORTH STAR URANIUM INC> CHANGES NAME |
Great Lakes Chemical Corp said it will build a new plant in El Dorado Ark. to produce several fluorine-based specialty chemicals. It said total cost of the project which would employ up to 50 workers is estimated in excess of 20 mln dlrs. Reuter | GREAT LAKES CHEMICAL <GLK> TO BUILD NEW PLANT |
Swedish unemployment was steady at 2.2 pct of the workforce in March compared with the previous month the Central Bureau of Statistics said. In March 1986 the figure stood at 2.4 pct. REUTER | SWEDISH UNEMPLOYMENT STEADY IN MARCH |
Compaq Computer Corp said it expects sales and earnings for the first quarter of 1987 to be higher than analysts expectations due to strong demand for its products. Rod Canion president and chief executive officer of Compaq said he expects sales of over 200 mln dlrs for the period ending March 31 above analysts estimat... | COMPAQ <CPQ> EXPECTS HIGHER FIRST QUARTER NET |
Italys majority Christian Democrats have handed in their resignation from the five-party government in which they are senior partners Deputy Prime Minister Arnaldo Forlani said. Forlani president of the party said he had handed a letter of resignation by the Christian Democrats who make up more than half the 30 member ... | CHRISTIAN DEMOCRAT MINISTERS RESIGN |
M/A-Com Inc said it has eliminated the post of cheif operating officer which had been held by president Thomas F. Burke until his recent election as chief executive officer. The company said in a reorganization it has named senior vice president-corporate marketing James F. Bunker to the new post of executive vice pres... | M/A-COM <MAI> ENDS CHIEF OPERATING OFFICER POST |
I.U. International Co said it reached a preliminary agreement to sell the Hawaiian Insurance Cos to Hawaiian Electric Industries Inc. <HE>. Terms of the transaction were not disclosed the company said. The transaction is subject to the execution of definitive agreements certain governmental approvals and approvals b... | I.U. INTERNATIONAL <IU> TO SELL INSURANCE UNITS |
Colorocs Corp said it has extended the expiration of the exercise period for its Class A warrants to May Eight from April 16. Each warrant allows the holder to buy a common share for 3.75 dlrs. Reuter | COLOROCS <CLRX> EXTENDS WARRANT EXERCISE PERIOD |
<Mason Best Co> said it has formed <Meridian Energy Corp> a privately-owned holding company structured to acquire operating companies ans assets in the oil and gas industry. Mason Best a Texas-based merchant banking firm said it is sponsor and largest shareholder of Meridian. The new companys chairman and chief e... | MASON BEST FORMS ENERGY HOLDING COMPANY |
Shr nil vs nil Net 215000 vs 16000 Revs 2800000 vs 1100000 Nine mths Shr one ct vs nil Net 620000 vs 231000 Revs 8100000 vs 2100000 Reuter | CXR TELCOM CORP <CXRL> 3RD QTR MARCH 31 NET |
Senate Banking Committee Chairman William Proxmire (D-Wis) said he planned to introduce legislation shortly to require greater public disclosure of corporate takeovers and fairer treatment for all shareholders. Speaking to the National Association of Manufacturers Proxmire said recent insider trading stock scandals inc... | PROXMIRE OUTLINES INSIDER TRADING LEGISLATION |
Shr 17 cts vs 13 cts Net 598000 vs 392000 Sales 10.2 mln vs 7474000 Avg shrs 3432000 vs 3045000 Year Oper shr profit 1.05 dlrs vs loss 47 cts Oper net profit 3498000 vs loss 1427000 Sales 52.2 mln vs 40.8 mln Avg shrs 3320000 vs 3060000 NOTE: Latest year net excludes 782000 dlr tax credit. Reuter | HELEN OF TROY CORP <HELE> 4TH QTR FEB 28 NET |
Bankers Trust New York Corp said it has placed its approximately 540 mln dlrs of medium- and long-term loans to Brazil on non-accrual status and that first-quarter net income will be reduced by about seven mln dlrs as a result. Brazil suspended interest payments on its 68 billion dlrs of medium- and long-term debt on F... | BANKERS TRUST <BT> PUTS BRAZIL ON NON-ACCRUAL |
Shr profit 63 cts vs 22 cts Net 775868 vs 276446 Revs 2255742 vs 706130 Reuter | <FIRST MERCANTILE CURRENCY FUND INC> 1ST QTR NET |
UK INTERVENTION BD SAYS EC SOLD 118,350 TONNES WHITE SUGAR AT REBATE 46.496 ECUS. | |
West German Finance Minister Gerhard Stoltenberg said todays meetings of major industrial countries would look at ways of strengthening the Paris accord on stabilizing foreign exchange rates. Stoltenberg told journalists he saw no fundamental weakness of the February 22 agreement of the Group of Five countries and Cana... | STOLTENBERG SEES MOVES TO STRENGTHEN PARIS ACCORD |
A total 118350 tonnes of current series white sugar received export rebates of a maximum 46.496 European Currency Units (Ecus) per 100 kilos at todays European Community (EC) tender the U.K. Intervention Board said. Out of this traders in the U.K. Received 37800 tonnes in France 34500 in West Germany 20000 in Belgium 1... | U.K. INTERVENTION BOARD DETAILS EC SUGAR SALES |
FORD EXTENDS INCENTIVE PROGRAM ON LIGHT TRUCKS TO APRIL 30 FROM APRIL SIX | |
<Noranda Inc> said it will sell 150 mln dlrs of adjustable convertible subordinated debentures to a group of investment dealers led by Gordon Capital Corp. The debentures will be convertible into Noranda common shares until April 29 2007 at 35 dlrs per share. Interest rate will be five pct subject to upward adjustme... | NORANDA TO SELL 150 MLN DLRS IN DEBENTURES |
BACHE SECURITIES CANADA BUYS TORONTO EXCHANGE SEAT FOR 301,000 DLRS | |
The issue amount of Mafina BVs seven year two pct Swiss franc bond with equity warrants has been set at 250 mln Swiss francs lead manager Credit Suisse said. REUTER | MAFINA BOND WITH WARRANTS SET AT 250 MLN SFR |
Mead Corp said the outlook for its major paper markets looks strong for the second quarter and augurs well for its earnings in 1987. The generally strong outlook bodes well for significantly improved earnings this year Burnell Roberts chairman and chief executive officer said. Earlier the company reported first quarter... | MEAD <MEA> EXPECTS IMPROVED EARNINGS THIS YEAR |
Endotronics Inc said because of its decisions to discontinue development of health care products reorganize under Chapter 11 and establish adequate allowances for uncollectible receivables it expects to establish reserves totaling about 11 mln dlrs in the March 31 second quarter. The company said it plans to seek buyer... | ENDOTRONICS SEEKS TO ESTABLISH 2ND QTR RESERVE |
Shr profit 20 cts vs loss three cts Net profit 849299 vs loss 82512 Revs 7929138 vs 3849224 Reuter | AMERTEK INC <ATEKF> 1ST QTR NET |
Comstock Group Inc said it has signed a letter of intent to sell about 20 mln dlrs of convertible preferred stock to <Spie Batignolles SA> of Paris Spie Group Inc U.S. subsidiary. Details were not disclosed. Reuter | COMSTOCK GROUP <CSTK> SELLS PREFERRED STOCK |
QVC Network Inc said its agreement in principle with Safeguard Scientifics Inc <SFE> allows Safeguard to name the majority of QVCs directors only if a seven mln dlr indebtedness to Safeguard is in default. Yesterday QVC said announced it entered into the agreement in principle with Safegaurd under which QVC would re... | QVC NETWORK <QVCN> CLARIFIES AGREEMENT |
Shr primary 78 cts vs 68 cts Shr diluted 75 cts vs 68 cts Qtrly div six cts vs five cts Net 7929000 vs 6569000 Revs 78.7 mln vs 61.9 mln NOTE: Pay date for the qtrly div is April 28 for shareholders of record April 20. Reuter | ALEX BROWN INC <ABSB> 1ST QTR MARCH 27 NET |
Equitable Resources Inc said it filed with the Securities and Exchange Commission a registration statement covering a 75 mln dlr issue of units. Each unit will consist of a 1000 dlr face amount 25-year debenture with up to 21 five-year warrants to purchase the companys common stock. Each warrant will equal one share. T... | EQUITABLE RESOURCES <EQT> FILES UNIT OFFERING |
4thh qtr Feb 28 Shr 46 cts vs 22 cts Net 2139034 vs 854182 Sales 30.8 mln vs 20.6 mln Avg shrs 5280854 vs 4559646 Year Shr 1.34 dlrs vs 1.15 dlrs Net 5935117 vs 4156171 Sales 107.2 mln vs 71.6 mln Avg shrs 5281387 vs 3616183 NOTE: Town and Country Jewelry Manufacturing Corp. Reuter | TOWN AND COUNTRY JEWELRY MANUFACTURING <TCJC> |
Paxar Corp said it has acquired Thermo-Print GmbH of Lohn West Germany a distributor of Paxar products for undisclosed terms. Reuter | PAXAR CORP <PAKS> MAKES ACQUISITION |
Shr 10 cts vs 32 cts Net 975000 vs 3145000 Sales 159.1 mln vs 147.3 mln Reuter | <MARK'S WORK WEARHOUSE LTD> YEAR JAN 31 NET |
Key Tronic corp said it has received contracts to provide seven original equipment manufacturers with which it has not done business recently with over 300000 computer keyboards for delivery within the next 12 months. The company said The new contracts represent an annual increase of approximately 25 pct in unit volume... | KEY TRONIC <KTCC> GETS NEW BUSINESS |
Canadian Bashaw Leduc Oil and Gas Ltd said it agreed to merge with Erskine Resources Ltd. Terms were not disclosed. Ownership of the combined company with 18.8 pct for the current shareholders of Canadian Bashaw and 81.2 pct to the current shareholders of Erskine the companies said. Reuter | CANADIAN BASHAW, ERSKINE RESOURCES TO MERGE |
Entourage International Inc said it had a first quarter loss of 104357 dlrs after incurring 70000 dlrs in costs for an internal audit a report for shareholders and proxy soliciation and 24000 dlrs in startup expenses for opening London offices. The company went public during 1986. Entourage also said it has started mar... | ENTOURAGE <ENTG> HAS FIRST QUARTER LOSS |
Shr 58 cts vs 29 cts Net 3141000 vs 1440000 Sales 24.7 mln vs 13.0 mln Reuter | <MR. JAX FASHIONS INC> YEAR FEB 28 NET |
Digital Communications Associates Inc said its board has named James Ottinger president and chief operating officer. The company said Ottinger replaces Bertil Nordin as president. Nordin will become chairman and chief executive officer Digital Communications added. Reuter | DIGITAL COMMUNICATIONS<DCAI> NAMES NEW PRESIDENT |
Teradyne Inc said Digital Equipment Corp signed a multi-license purchase agreement valed at over one mln dlrs for Teradynes Lasar Version Six Simulation System. The company said the agreement includes the option for futrue lasar purchases by Digital. Reuter | DIGITAL <DEC> IN TERADYNE <TER> LICENSING PACT |
Home Intensive Care Inc said it has opened a Dialysis at Home office in Philadelphia its 12th nationwide. Reuter | HOME INTENSIVE <KDNY> EXTENDS DIALYSIS AT HOME |
Bache Securities Inc 80 pct owned by Prudential Bache Securities Inc said it acquired its third Toronto Stock Exchange seat for 301000 Canadian dlrs. The company said the price was the highest yet paid for an exchange seat. A Toronto Stock Exchange spokesman said an exchange seat last sold for 195000 dlrs in March whic... | BACHE CANADA BUYS TORONTO STOCK EXCHANGE SEAT |
F.W. WOOLWORTH CO SAYS IT HIKES DIVIDEND TO 33 CTS A SHARE FROM 28 CTS | |
Qtly div 33 cts vs 28 cts prior Pay June 1 Record May 1 Reuter | F.W. WOOLWORTH CO <Z> HIKES DIVIDEND |
Roughly half of this years expected 130000 hectare Dutch sugar beet crop is already in the ground a spokesman for Suiker Unie the largest sugar processor in the Netherlands told Reuters. Conditions are generally good and the average sowing date for the crop is expected to be around April 11 against April 23 last year a... | DUTCH SUGAR BEET PLANTING HALF FINISHED |
Demand for shares in state-owned engine maker <Rolls Royce Plc> is expected to be substantial when the government privatises it at the end of April Christopher Clark of the groups bankers Samuel Montagu and Sons Ltd said. He told a press conference after the release of an initial prospectus for the float that the is... | U.K. EXPECTS SUBSTANTIAL DEMAND FOR ROLLS SHARES |
NV Philips Gloeilampenfabrieken <PGLO.AS> shares are due to start trading on the New York Stock Exchange on April 14 Philips chairman Cor van der Klugt told the annual shareholders meeting. In March the Dutch electronics group announced it would end its current over the counter listing on the New York NASDAQ system ... | NV PHILIPS SHARES GET NYSE QUOTE FROM APRIL 14 |
J.P. MORGAN AND CO INC 1ST QTR SHR 1.22 DLRS VS 1.28 DLRS | |
The EC Commission confirmed it granted export licences for 118350 tonnes of current series white sugar at a maximum export rebate of 46.496 European Currency Units (ECUs) per 100 kilos. Out of this traders in France received 34500 tonnes in the U.K. 37800 in West-Germany 20000 in Belgium 18500 in Spain 5800 and in Denm... | EC COMMISSION DETAILS SUGAR TENDER |
<Pancontinental Oil Ltd> said it arranged a 10 mln dlr private financing with Pemberton Houston Willoughby Bell Gouinlock Inc. The private placement consists of special warrants to purchase seven pct convertible redeemable preferred shares. The shares will be convertible for five years into common shares at five dlr... | PANCONTINENTAL OIL HAS PRIVATE FINANCING |
Todays dollar convertible eurobond for Federal Realty Investment Trust has been increased to 100 mln dlrs from the initial 75 mln lead manager Salomon Brothers International said. The coupon has been fixed at 5-1/4 pct compared with the indicated range of 5-1/4 to 5-1/2 pct. The conversion price has been fixed at 30-5/... | FEDERAL REALTY CONVERTIBLE INCREASED, PRICED |
Volkswagen AG <VOWG.F> VW is due to make a formal announcement about its 1986 dividend tomorrow after saying the 1985 level of 10 marks per ordinary share would be held despite massive losses because of a suspected foreign currency fraud. A spokesman said VWs supervisory board will meet tomorrow to discuss the payou... | VOLKSWAGEN DIVIDEND DECISION DUE TOMORROW |
Toronto Dominion Bank Nassau Branch is issuing a 40 mln Australian dlr eurobond due May 15 1990 paying 14-1/2 pct and priced at 101-3/8 pct lead manager Hambros Bank Ltd said. The non-callable bond is available in denominations of 1000 Australian dlrs and will be listed in London. The selling concession is one pct whil... | TORONTO DOMINION UNIT ISSUES AUSTRALIAN DLR BOND |
Toronto Dominion Bank Nassau Branch is issuing a 40 mln Australian dlr eurobond due May 15 1990 paying 14-1/2 pct and priced at 101-3/8 pct lead manager Hambros Bank Ltd said. The non-callable bond is available in denominations of 1000 Australian dlrs and will be listed in London. The selling concession is one pct whil... | TORONTO DOMINION UNIT ISSUES AUSTRALIAN DLR BOND |
Shr 1.40 dlrs vs 1.16 dlrs Net 5776000 vs 4429000 Avg shrs 4132828 vs 3834117 Reuter | CITYTRUST BANCORP INC <CITR> 1ST QTR NET |
Southmark Corp said it acquired 28 long-term care facilities containing for approximately 70 mln dlrs in cash. It said the facilities which contain approximately 2500 beds in seven western states were bought from Don Bybee and Associates of SalemOre. The acquistion brings to 57 health care facilities acquired in the la... | SOUTHMARK <SM> ACQUIRES 28 NURSING HOMES |
Helen of Troy Corp said it filed with the Securities and Exchange Commission a registration statement covering a 20 mln dlr issue of covertible subordinated debentures due 2007. Proceeds will be used for general corporate purposes including possible repayment of bank debt product development and possible acquisitions H... | HELEN OF TROY <HELE> FILES CONVERTIBLE OFFERING |
shr 1.22 dlrs vs 1.28 dlrs net 226.4 mln vs 233.9 mln assets 80.45 billion vs 70.23 billion loans 35.16 billion vs 35.99 billion deposits 45.22 billion vs 39.68 billion return on assets 1.14 pct vs 1.35 pct return on common equity 18.20 pct vs 22.08 pct NOTE: 1987 qtr net was reduced by 20 mln dlrs because 1.3 billion ... | J.P. MORGAN AND CO INC <JPM> 1ST QTR NET |
Shr 74 cts vs 67 cts Net 8067000 vs 7317000 Reuter | FIRSTBANC CORP OF OHIO <FBOH> 1ST QTR NET |
Qtr ends Feb 28 Shr Class A 61 cts vs 48 cts Shr Class B 59 cts vs 46 cts Net 2358000 vs 1876000 Revs 122508000 vs 105871000 Six mths Shr Class A 1.15 dlrs vs 86 cts Shr Class B 1.13 dlrs vs 84 cts Net 4485000 vs 3378000 Revs 242453000 vs 210117000 NOTE: qtr and six mths prior figures reflect two-for-one stock split in... | MAYFAIR SUPER MARKETS INC <MYFRA> 2ND QTR NET |
Hanover Insurance Co said its stockholders approved a two-for-one stock split. As a result of the split Hanover said it increases the number of authorized shares of capital stock from 10.4 mln having a par value of one dlr to 20.9 mln also having a par value of one dlr. The stock split is payable April 30 to stockholde... | HANOVER INSURANCE <HINS> GET SPLIT APPROVAL |
Federal Paperboard Co Inc said it has entered into an agreement with Ozaki Trading Co Ltd of Osaka Japan allowing Ozaki to represent Federal Paperboards bleached paperboard sales in Japan. Federal added it will be opening an office in Japan in the near future. Reuter | FEDERAL PAPERBOARD <FBO> ENTERS AGREEMENT |
National Guardian Corp said it has acquired a number of security services companies recently with aggregate revenues of about 3500000 dlrs for an aggregate cost of about 2700000 dlrs. It said it acquired guard service companies C.S.C. Security Gaurd Service of Paramus N.J. from Cartel Security Consultants Inc the Guard... | NATIONAL GUARDIAN <NATG> MAKES ACQUISITIONS |
Qtly distribution 7-1/2 cts vs 7-1/2 cts prior (excluding 2-1/2 cts special) Pay April 30 Record April 22 NOTE: Full name is Universal Medical Buildings L.P. Reuter | UNIVERSAL MEDICAL <UMBIZ> DISTRIBUTION SET |
The Zambian government has no immediate plans to follow last weeks increase in the producer price of maize with a hike in the retail price of maize meal an official of the ruling party said. Last December a 120 pct increase in the consumer price for refined maize meal a Zambian staple led to food riots in which at leas... | ZAMBIA DOES NOT PLAN RETAIL MAIZE PRICE HIKE |
Blocker Energy corp said an offering of 20 mln common shares is underway at 2.625 dlrs per share through underwriters led by <Drexel Burnham Lambert Inc> and Alex. Brown and Sons Inc <ABSB>. The company is offering 19.7 mln shares and shareholders the rest. Before the offering it had about 33.6 mln shares outstan... | BLOCKER ENERGY <BLK> SHARE OFFERING UNDERWAY |
Asarco Inc said it completed the sale of four mln shares of Asarco common stock to an underwriting group led by First Boston Corp. The underwriters sold the shares to the public at a price of 22.50 dlrs a share the minerals and energy company said. Proceeds of about 86 mln dlrs will be used to reduce outstanding debt i... | ASARCO <AR> COMPLETES SHARE OFFERING |
American Midland Corp said <Braodway Casinos Inc> has entered into a letter of intent for a new company to be formed by <Carnival Cruise Lines Inc> and <Continental Hotel Cos> to operate Broadways planned hotel/casino in the Marina area of Atlantic City N.J. American Midland has agreed to spin off its 8.2 acre... | AMERICAN MIDLAND <AMCO> SETS OPERATOR FOR CASINO |
Wedgestone Realty Investors Trust said shareholkders have approved the acquisition of its advisor Wedgestone Advisory Corp for 600000 shares. It said completion is expected to take place April 10. Reuter | WEDGESTONE REALTY <WDG> ACQUISITION APPROVED |
Sun Cos Sun Refining and Marketing Co subsidiary said it is decreasing the price it charges contract barge customers for heating oil in ny harbor by 0.50 cent a gallon effective today. The 0.50 cent a gallon price reduction brings Suns heating oil contract barge price to 50 cts a gallon the company said. Reuter | SUN <SUN> CUTS HEATING OIL BARGE PRICE |
MOODY'S AFFIRMS AVCO FINANCIAL'S LONG-TERM DEBT, CUTS COMMERCIAL PAPER | |
Promising new findings in the use of a controversial experimental drug called Interleukin-2 as a cure for cancer will be published in the April 9 issue of the prestigious New England Journal of Medicine according to a Wall Street analyst who has obtained an advance copy of the magazine. Among interleukins principal U. ... | MEDICAL JOURNAL REPORTS NEW INTERLEUKIN PROMISE |
An audit submitted to the Georgia Public Service Commission claims that between 944 mln dlrs and 1.8 billion dlrs of the costs of the Plant Vogtle nuclear power station should be disallowed a Southern Co spokeswoman said. Southerns Georgia Power Co subsidiary has a 45.7 pct interest in the plant and estimated earlier t... | REPORT SEEKS TO DISALLOW SOUTHERN <SO> COSTS |
The coupon on the 75 mln dlr 15-year convertible eurobond for Atari Corp has been set at 5-1/4 pct compared with indicated range of five to 5-1/4 pct lead manager Paine Webber International said. The conversion price was set at 32-5/8 dlrs representing a premium of 20.38 pct over yesterdays Atari share close of 27 dlrs... | FINAL TERMS SET ON ATARI CORP CONVERTIBLE EUROBOND |
Argentine grain producers adjusted their yield estimates for the 1986/87 coarse grain crop downward in the week to yesterday after the heavy rains at the end of March and beginning of April trade sources said. They said sunflower maize and sorghum production estimates had been reduced despite some later warm dry weathe... | FURTHER ARGENTINE COARSE GRAIN LOSSES FEARED |
TOP OFFICIALS ARRIVE AT U.S. TREASURY TO BEGIN GROUP OF FIVE MEETING | |
Dutch seasonally adjusted unemployment rose in the month to end-March to a total 693000 from 690600 at end-February but was well down from 730100 at end-March 1986 Social Affairs Ministry figures show. The figure for male jobless rose by 2000 in the month to 436500 compared with 470700 a year earlier. The figure for wo... | DUTCH ADJUSTED UNEMPLOYMENT RISES IN MARCH |
 HARTMARX CORP <HMX> BOOSTS DIVIDEND CHICAGO April 8 Qtly div 25 cts vs 23 cts prior qtr Pay 15 May Record 1 May  | |
Moodys Investors Service Inc said it affirmed the long-term debt ratings but cut the commercial paper to Prime-2 from Prime-1 of Avco Financial Services Inc a unit of Avco Corp. Avco Financial has 2.5 billion dlrs of debt outstanding. For the paper cut Moodys cited a higher risk profile inherent in the companys core bu... | MOODY'S AFFIRMS AVCO UNIT'S LONG-TERM DEBT |
Top officials of leading industrial nations arrived at the U.S. Treasury main building to begin a meeting of the Group of Five. Officials seen arriving by Reuter correspondents included West German Finance Minister Gerhard Stoltenberg and Bundesbank President Karl Otto Poehl French Finance Minister Edouard Balladur and... | TOP OFFICIALS ARRIVE AT TREASURY FOR G-5 TALKS |
The Federal Reserve is expected to intervene in the government securities market to supply temporary reserves indirectly via customer repurchase agreements economists said. Economists expect the Fed to execute 2.0-2.5 billion dlrs of customer repos to offset pressures from the end of the two-week bank reserve maintenan... | FED EXPECTED TO SET CUSTOMER REPURCHASES |
Best Buy Co Inc said its sales for March rose to 26.1 mln dlrs from 11.9 mln dlrs in the comparable 1986 period. It said sales for the fiscal year ended March 31 rose to 329.5 mln dlrs from 113.1 mln dlrs a year earlier. The company said sales performance was based on the addition of 12 new retail facilities. Reuter | BEST BUY <BBUY> MARCH SALES RISE |
AutoSpa corp said it will redeem all its common stock purchase warrants on May Five at 7.5 cts each. Through May Four each warrant may be exercised into one common share at 1.75 dlrs. Reuter | AUTOSPA <LUBE> TO REDEEM WARRANTS |
<The Readers Digest Association Inc> said it sold its subsidiary Source Telecomputing Corp to the venture capital firm of <Welsh Carson Anderson and Stowe>. The purchase price was not disclosed Readers Digest said. It said it purchased an 80 pct stake in Source in 1980 and earned an unspecified profit on 14 mln d... | READER'S DIGEST ASSOCIATION SELLS UNIT |
Shr 59 cts vs 51 cts Net 18.0 mln vs 15.6 mln Revs 278.6 mln vs 272.2 mln Reuter | WEIS MARKETS INC <WMK> 1ST QTR MARCH 28 NET |
Anvet Inc said it filed with the Securities and Exchange Commission a registration statement for a proposed public offering of 150 mln dlrs of convertible subordinated debentures due 2012. Avnet said it will use the net proceeds for general working capital purposes and the anticipated domestic and foreign expansion of ... | AVNET INC <AVT> FILES FOR DEBENTURE OFFERING |
Continental Bank of Canada said shareholders approved a capital reorganization to allow an initial payout by the end of May to common shareholders from last years 200 mln Canadian dlr sale of most Continental assets to <Lloyds Bank PLC>s Lloyds Bank Canada. The bank said the initial distribution would take the form ... | CONTINENTAL BANK INITIAL DISTRIBUTION APPROVED |
4th qtr Shr loss 17 cts vs loss 22 cts Net loss 14.5 mln vs loss 18.0 mln Revs 27.3 mln vs 23.7 mln Year Shr 58 cts vs 1.01 dlrs Net loss 48.3 mln vs loss 84.2 mln Revs 111.7 mln vs 141.9 mln NOTE: Atlas Consolidated Mining and Development Corp of Manila. Translated from Philippine pesos at 20.3489 pesos to dollar vs 1... | ATLAS CONSOLIDATED MINING AND DEVELOPMENT <ACMB> |
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