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Ford Motor Co said it extended its buyer incentive program on light trucks to April 30 from April 6 the programs previous expiration date. Ford which saw a 23 pct rise in its March truck sales over the March 1986 level said the incentives were extended to maintain its truck sales momentum. The program itself was not ch... | FORD <F> EXTENDS INCENTIVES ON LIGHT TRUCKS |
World output of staple foods maintained growth in 1986 following a record harvest the year before and most of the increase was in developing countries the director general of the U.N.s Food and Agriculture Organisation (FAO) said. Speaking to FAOs committee on world food security Edouard Saouma said sub-Saharan Africa ... | FAO REPORTS BETTER CROPS IN DEVELOPING COUNTRIES |
AVX Corp said it has filed a registration statement with the Securities and Exchange Commission for a proposed public offering of 75 mln dlrs prinicipal amount of convertible subordinated debentures. AVX said a syndicate managed by Shearson Lehman Brothers Inc will underwrite the offering. Reuter | AVX CORP <AVX> FILES FOR DEBENTURE OFFERING |
Sci-Med Life Systems Inc said its directors approved a previously proposed agreement of merger with Bristol-Myers Co. The proposed transaction is subject to completion of a due diligence investigation including a review by Bristol-Myers of a patent infringement suit served on Sci-Med by Advanced Cardiovascular Systems ... | SCI-MED <SMLS> BOARD AGREES TO BRISTOL<BMY>DEAL |
Fidelcor Inc said it has completed the sale of its Industrial Valley Title Insurance Co subsidiary to a group of investors including the units management for undisclosed terms. Industrial Valley has assets of about 37.6 mln dlrs and was acquired last year along with IVB Financial Corp. Reuter | FIDELCOR <FICR> COMPLETES SALE OF UNIT |
Shr 18 cts vs 13 cts Net 575000 vs 379000 Sales 6625000 vs 4537000 Avg shrs 3173000 vs 2977000 Reuter | DATA TRANSLATION INC <DATX> 1ST QTR FEB 28 NET |
Cheap oil feedstocks the weakened U.S. dollar and a plant utilization rate approaching 90 pct will propel the streamlined U.S. petrochemical industry to record profits this year with growth expected through at least 1990 major company executives predicted. This bullish outlook for chemical manufacturing and an industry... | ENERGY/U.S. PETROCHEMICAL INDUSTRY |
Federal Paper Board Co Inc said it has named Ozaki Trading Co Ltd of Osaka to represent it it Japan on the sale of bleached paperboard. Federal said it plans to open its own Japanese office in the near future. Reuter | FEDERAL PAPER BOARD <FBO> IN MARKETING DEAL |
Shr loss two cts vs profit 38 cts Net loss 90000 vs profit 1685000 Revs 1826000 vs 29.3 mln Year Shr profit 3.37 dlrs vs profit 46 cts Net profit 15.0 mln vs profit 2047000 Revs 26.2 mln vs 123.6 mln NOTE: Net includes pretax securities sale gain 10000 dlrs vs loss 1000 dlrs in quarter and gain 486000 dlrs vs loss 1120... | FIDATA CORP <FID> 4TH QTR LOSS |
CMS Enhancements Inc said it has introduced the first add-on mass storage products for the new International Business Machines Corp <IBM> IBM Personal System/2 Model 30 personal computers. CMS said the products are available immediately and include hard disk drives tape backup subsystems and a hard disk drive on an ... | CMS <ACMS> UNVEILS FIRST IBM SYSTEM/2 ADD ONS |
Oper shr 26 cts vs not given Oper net 866000 vs 480000 NOTE: 1987 net excludes 157000 dlr gain from termination of pension plan. Company went public in August 1986. Reuter | MARBLE FINANCIAL CORP <MRBL> 1ST QTR NET |
Nantucket Industries Inc said James Adams has been named president of its hosiery division replacing John Wineapple and Terry Hampton has been named vice president of manufacturing for the division replacing Howard Fromkin. No reason was given for the changes. Reuter | NANTUCKET <NAN> NAMES NEW HEAD FOR UNIT |
DOMINION TEXTILE CALLS REPORT OF BID FOR BURLINGTON RUMOR | |
RAYTHEON CO 1ST QTR SHR 1.37 DLRS VS 1.19 DLRS | |
Freeport-McMoRan Inc said it has decided to begin accruing a portion of its estimate of the intanmgible drilling and development cost recapture amount as a cost in determining payments to be made to Freeport-McMoRan Oil and Gas Royalty Trust <PMR> unitholders. Freeport said this is expected to reduce monthly payment... | FREEPORT <FTX> TO ACCRUE INTANGIBLE COSTS |
American Telephone and Telegraph Co said it has developed superconducting wires that can easily be formed into coils. It said when cooled to 91 degrees Kelvin or 296 degrees below zero Fahrenheit the wires conduct electricity without resistance. ATT said the wires are made of a barium-yttrium-copper oxide compound. It ... | ATT <T> DEVELOPS SUPERCONDUCTING WIRE |
Faulty repair work by The Boeing Company <BA.N> was a contributary cause to a Japan Air Lines Co Ltd <JAPN.Y> 747 crash on August 12 1985 that killed 520 people the final draft of a Ministry of Transport report says. There were only four survivors when the aircraft crashed into a mountain north of Tokyo. The repo... | JAL BOEING CRASH CAUSED BY FAULTY REPAIRS-REPORT |
FLEET FINANCIAL GROUP 1ST QTR SHR 73 CTS VS 60 CTS | |
<Shared Network Technologies Inc> said it entered into a cooperative marketing agreement with MCI Communications Corp involving services designed specifically for the university market. Under the agreement the companies will jointly promote and support TelNet Plus a combination of MCIs PRISM family of services and T... | MCI <MCIC> ENTERS JOINT MARKETING AGREEMENT |
Reynolds and Reynolds said that it filed a coutersuit in the U.S. District Court in Detroit against Advanced Voice Technologies and that it denied all allegations in Advanceds March lawsuit against Reynolds. As previously reported Advanceds suit charges Reynolds with pirating a computer-based voice messaging system for... | REYNOLDS <REYNA> FILES COUNTER SUIT |
Qtly div 30 cts vs 30 cts prior Pay June 8 Record May 18 Reuter | DIEBOLD INC <DBD> DECLARES DIVIDEND |
Qtly div 10 cts vs 10 cts previously Pay April 20 Record April 10 Reuter | INDEPENDENT BANK CORP <IBCP> REGULAR DIVIDEND |
Shr 1.37 dlrs vs 1.19 dlrs Net 101.8 mln vs 92.3 mln Revs 1.750 billion vs 1.725 billion Avg shrs 74.2 mln vs 77.8 mln Reuter | RAYTHEON CO <RTN> 1ST QTR NET |
The Victorian Corporate Affairs Commission CAC said it had suspended the futures trading licence of G H Shintoh (Australia) Ltd after a receiver was appointed to the companys South Australian branch. The one month suspension followed consultation with the Sydney Futures Exchange SFE which was liaising with Shintoh conc... | LICENCE OF AUSTRALIAN FUTURES TRADER SUSPENDED |
Shopsmith Inc said its board has released Joseph DiGaicomo Jr. as president but he will remain on the board. The company said the post of president will not be filled at present. With very disappointing sales results during the quarter just ended adjustments are appropriate the company quoted chairman John R. Folkerth ... | SHOPSMITH <SHOP> REMOVES PRESIDENT |
Qtly div eight cts vs N.A. Payable May 11 Record April 24 Reuter | WALTHAM SAVINGS BANK <WLBK> INITIAL DIVIDEND |
Eastman Kodak Co is issuing a 200 mln Australian dlr zero-coupon bond due May 12 1992 and priced at 54-3/8 for an effecitve yield of 13.52 pct said Merrill Lynch Capital Markets as lead manager. The securities which are available in denominations of 1000 and 10000 dlrs will be listed on the Luxembourg Stock Exchange. E... | EASTMAN KODAK ISSUES AUSTRALIA DOLLAR BOND |
First Boston Corp analyst William Randol recommended the purchase of Texaco Inc today saying the discount that investors have made in the share price to reflect the ongoing litigation with Pennzoil has been overdone relative to how we expect the case to conclude. Texacos stock rose 1/8 to 34-1/8. On Monday the stock tu... | TEXACO <TX> RECOMMENDED BY FIRST BOSTON |
NV Philips Gloielampenfabrieken <PGLO.AS> expects volume turnover to show a satisfactory increase in the first 1987 quarter chairman Cor van der Klugt told the annual shareholders meeting. But an average dollar rate of only 2.07 guilders against the 2.69 guilders in the first quarter of 1986 would take turnover for ... | PHILIPS SEES HIGHER FIRST QUARTER TURNOVER |
Data I/O Corp said it unveiled a software package that helps engineers design complex integrated circuits that fit on circuit boards built by <Mosaic Systems Inc>. It said the Mosaic boards allow engineers to develop the circuits at one-tenth their present size. The software will be marketed in conjuction with the c... | DATA I/O <DAIO> HAS SOFTWARE FOR MOSAIC SYSTEMS |
Photographic Sciences Corp said it has formed a new Metrology Division for the production and marketing of surface profiler measurement equipment. It said the equipment a new market area should add significantly to company revenues in the next few years. Reuter | PHOTOGRAPHIC SCIENCES <PSXX> FORMS NEW UNIT |
Merck and Co Inc said a combination heart drug is available by prescription in the U.S. The drug is Vaseretic a once-a-day medication combining an angiotensin converting enzyme inhibitor (ACE) and a diuretic to treat high blood pressure. The inhibitor is a new class of antihypertensive drugs. Last year Merck introduced... | MERCK <MRK> COMBINATION HEART DRUG AVAILABLE |
Britain intends to negotiate further agreements on international securities regulation to match those now in force with the U.S. And Japan government sources said. The Department of Trade and Industry said earlier it had concluded a memorandum of understanding with Japans Finance Ministry to swap supervisory and invest... | U.K. SEEKS MORE GLOBAL SECURITIES CO-OPERATION |
Shr primary 73 cts vs 60 cts Shr diluted 70 cts vs 58 cts Net 38528000 vs 31680000 Avg shares 52087634 vs 51294652 NOTE: Qtr net interest income is 130.7 mln dlrs vs 114.8 mln dlrs. Earnings per share reflects two-for-one common stock split on March 15. Reuter | FLEET FINANCIAL GROUP <FLT> 1ST QTR NET |
<Dominion Textile Inc> considers a published report that it has bought a stake in Burlington Industries Inc and is considering making a joint bid for the company to be a rumor a company spokesman said. As far as I am concerned and the company is concerned they are rumors and were not commenting on rumors spokesman M... | DOMINION CALLS BURLINGTON <BUR> REPORT RUMOR |
FED SETS OVERNIGHT SYSTEM REPURCHASES, FED SAYS | |
Raytheon said a 10 pct rise in its first quarter net to 101.8 mln dlrs reflected improved operations and a lower effective tax rate. The company said revenue gains in electronics major appliances and other lines were offset by decreases in energy services and aircraft products. Revenues in the quarter rose 1.4 pct to 1... | RAYTHEON <RTN> NET RISES ON OPERATIONS |
Ended Feb 28 Shr loss 2.80 dlrs vs profit 17 cts Net loss 90.5 mln vs profit 5271000 Revs 240.9 mln vs 159.4 mln Year Shr loss 2.49 dlrs vs loss 2.07 dlrs Net loss 80.4 mln vs loss 66.5 mln Revs 787.9 mln vs 612.4 mln NOTE: Includes loss of 89.6 mln dlrs vs loss 14.5 mln dlrs in year and loss of 91.6 mln dlrs in curren... | GENERAL INSTRUMENT CORP <GRL> 4TH QTR LOSS |
Major cocoa exporters are likely to limit sales in the weeks ahead in an effort to boost world prices sources close to a meeting of the Cocoa Producers Alliance (CPA) said. The sources said the depressed world market had been one of the main topics discussed in a closed door meeting of the 11-member CPA which began on ... | COCOA EXPORTERS EXPECTED TO LIMIT SALES |
The Federal Reserve entered the U.S. Government securities market to arrange overnight System repurchase agreements a Fed spokesman said. Dealers said that Federal funds were trading at 6-3/8 pct when the Fed began its temporary and direct supply of reserves to the banking system. Reuter | FED ADDS RESERVES VIA OVERNIGHT REPURCHASES |
Honduras will tender April 13 under Public Law 480 for approximately 52500 tonnes of various wheats in bulk an agent for the country said. The agent said Honduras is seeking U.S. no. 2 or better northern spring/DNS with 14 pct protein minimum and 13 pct moisture maximum and U.S. no. 2 or better hard red winter with 12 ... | HONDURAS SEEKING PL-480 BULK WHEAT APRIL 13 |
Pan Am Corps Pan Am World Airways said it began hiring pilots and flight engineers for the first time in 19 years. The need for about 130 to 150 new pilots has been created by the Pan AM shuttle it said. Processing of applicants began March 30 and the first class of new-hire pilots will begin training on APril 15. Pan ... | PAN AM <PN> BEGINS HIRING PILOTS |
Thermwood Corp said it is extending the expiration date of its 620000 common stock warrants through Dec 31 1987. It said the warrants to purchase one share of common stock which have an exercise price of 3.00 dlrs were to expire April 11. The company noted that its stock price has more than doubled since late last year... | THERMWOOD <THM> EXTENDS DATE ON WARRANTS |
Ameribanc Inc is raising 15 mln dlrs through an offering of convertible subordinated capital notes due 1995 with an eight pct coupon and par pricing said lead manager Stifel Nicolaus and Co Inc. The debentures are convertible into the companys common stock at 18.75 dlrs per share representing a premium of 27.1 pct over... | AMERIBANC <ABNK> SELLS CONVERTIBLE CAPITAL NOTES |
Highland Superstores Inc said its March sales rose to 50.6 mln dlrs from 47.4 mln dlrs a year ago. On a comparable store basis it said the sales decreased nine pct. Reuter | HIGHLAND SUPERSTORES <HIGH> MARCH SALES GAIN |
Investment Technologies Inc said it will make available its online investment advisory service to <Spear Securities Inc> customers. Investment Technologies said that through a Spear rebate program purchasers of the investment advisory service VESTOR can receive a cash rebate of up to the full subscription price of t... | INVESTMENT TECHNOLOGIES <IVES> IN REBATE PACT |
J.P. Morgan and Co Inc said its first-quarter earnings fell by 3.2 pct largely reflecting its previously announced decision to place on non-accrual status its 1.3 billion dlrs of medium- and long-term loans to Brazil. That decision spurred by Brazils suspension of interest payments on February 20 reduced the quarters n... | J.P. MORGAN <JPM> NET HURT BY BRAZIL, TRADING |
Shr loss 17.3 cts vs 21.5 cts Net loss 14.5 mln vs loss 18.0 mln Revs 27.3 mln vs 23.7 mln Year Shr loss 58 cts vs loss 1.01 dlrs Net loss 48.3 mln vs loss 84.2 mln Revs 111.7 mln vs 141.9 mln Reuter | ATLAS CONSOLIDATED MINING <ACMB> 4TH QTR |
Avnet Inc said it filed with the Securities and Exchange Commission a registration statement covering a 150 mln dlr issue of convertible subordinated debentures due 2012. Proceeds will be used for general working capital and the anticipated domestic and foreign expansion of Avnets businesses the company said. Avnet nam... | AVNET <AVT> FILES CONVERTIBLE DEBT OFFERING |
Storage problems with Brazils record grain crop are likely to result in losses of about five mln tonnes an Agriculture Ministry spokesman said. Ministry spokesman Leonardo Brito speaking from Brasilia told Reuters he believed that about five mln tonnes of this years estimated crop of 65 mln tonnes would be lost. He sai... | BRAZIL GRAIN HARVEST FACES STORAGE PROBLEMS |
Fleet Financial Group said its shareholders approved an increase in shares of the companys authorized common stock to 100000000 shares from 75000000 shares currently. The company said shareholders approved the move at the annual meeting in Providence today when the company reported that its first quarter earnings rose ... | FLEET <FLT> SHAREHOLDERS APPROVE SHARE INCREASE |
General Motors Acceptance Corp a unit of General Motors Corp is raising 500 mln dlrs via offerings of 300 mln dlrs of notes due 1990 and 200 mln dlrs of notes due 1994 said lead manager Merrill Lynch Captial Markets. The three-year notes have a 7-1/4 pct coupon and were priced at 99.682 to yield 7.37 pct or 52 basis po... | GM <GM> UNIT OFFERS 500 MLN DLRS OF NOTES |
Shr 42 cts vs 35 cts Net 854000 vs 839000 Revs 23.2 mln vs 21.9 mln Reuter | ROWE FURNITURE CORP <ROWE> 1ST QTR FEB 28 |
Exchanges and telecommunications authorities should abolish their restrictions on full and free dissemination of information to the investment and banking communities Reuters Holdings Plc <RTRS.L> chairman Sir Christopher Hogg said. In the 1986 annual repoprt he said lengthy negotiations had brought agreement with t... | REUTERS CHAIRMAN URGES FREER INFORMATION FLOWS |
<CCL Industries Inc> said it purchased a majority interest in Monobloc U.S.A. from Envases Metalurgicos de Alava of Spain. Terms were not disclosed. CCL also said it agreed to exchange present and future technology with Envases. Reuter | CCL INDUSTRIES PURCHASES STAKE IN MONOBLOC |
The Association of White Metals has decided to publish a daily tin price here in French francs per 100 kilos the French Federation of Non-Ferrous Metals said. The price quoted for the first time yesterday was introduced as the lack of tin quotes was causing problems for some French companies a spokesman for the non-fer... | PARIS GROUP PUBLISHING DAILY FRANC TIN PRICE |
AVX Corp said it filed with the Securities and Exchange Commission a registration statement covering a 75 mln dlr issue of convertible subordinated debentures. The company named Shearson Lehman Brothers Inc as manager of the offering. Reuter | AVX <AVX> FILES TO OFFER CONVERTIBLE DEBENTURES |
Securities and Exchange Commission John Shad said he wanted Congress to write a better definition of insider trading but thought action should wait until the Supreme Court ruled on an insider trading case. Id like the benefit of the Winans decision before deciding on a definition Shad told a Senate Appropriations subco... | SHAD WANTS INSIDER TRADING DEFINITION |
The Brotherhood of Railway and Airline Clerks said more than 5500 former Republic Airlines workers will receive an average of 10000 dlrs each as part of a stock payout. It said some members will receive almost 19000 dlrs in payments. The total 56 mln dlr payment comes from an employee stock ownership plan negotiated by... | FORMER REPUBLIC WORKERS GET STOCK PAYOUT |
Western Digtial Corp said it has completed the redemption of its 47 mln dlr 6-3/4 pct convertible subordinated debentures due 2011. The redemption resulted in the issuance of 2685142 shares of the companys common stock Western Digital said. Reuter | WESTERN DIGITAL CORP <WDC> REDEEMS DEBT |
OMB'S MILLER SAYS REAGAN WILL REJECT TAX INCREASE IN HOUSE 1988 BUDGET | |
Qtly div nine cts vs nine cts prior Pay July 15 Record June 15 Reuter | RHODES INC <RHD> DECLARES DIVIDEND |
<Madeira Inc> said it signed a letter of intent to be acquired by Tradevest Inc through a stock-for-stock exchange. After completion of the transaction Tradevest would own 90 pct of the issued outstanding stock of Madeira. Reuter | MADEIRA IN LETTER OF INTENT TO BE ACQUIRED |
Celltronics Inc said its directors declared a one-for-10 reverse stock split of its common stock. It said the split will be payable April 17 to shareholders of record April 16. Reuter | CELLTRONICS <CELT> DECLARES ONE-FOR-10 SPLIT |
<Montedison SPA> of Italy said net consolidated profit for its Agrimont Group formed in June 1986 totalled 1.5 billion lire in 1986. Agrimont SPA the holding company for Montedisons Agro-Industrial businesses had sales of 810 billion lire and a net profit of about 1.1 billion lire after amortization costs of 35 bill... | MONTEDISON'S AGRIMONT UNIT 1986 EARNINGS |
Datron Corp said it agreed to merge with GGFH Inc a Florida-based company formed by the four top officers of the company. According to terms of the proposed transaction each share of Datron common stock excluding those shares owned by the four officers will be bought for six dlrs a share it said. Datrons officers hold ... | DATRON <DATR> AGREES TO BUYOUT BY OFFICERS |
Office of Management and Budget Director James Miller said President Reagan will reject the tax increase called for in the House Budget Committees 1988 budget proposal which is before the House for a vote today. Its just completely unacceptable Miller told a House Appropriations subcommittee on Treasury Postal Service ... | MILLER SAYS REAGAN WILL REJECT TAX INCREASE |
TRUMP AND INTERSTATE PROPERTIES IN TALKS TO ACQUIRE ALEXANDERS | |
Dutch state-owned chemical firm NV DSM <DSMN.AS> the former Dutch state mines which today reported a 2.5 pct increase in 1986 net profit to 412 mln guilders said it was poised to be privatised possibly next year. DSM chairman Hans van Liemt told journalists We have done our homework. Were ready. It is up to the stat... | DUTCH CHEMICAL FIRM DSM TO BE PRIVATISED |
Shr 26 cts vs 52 cts Net 1386000 vs 2773000 Revs 47.7 mln vs 38.5 mln Nine mths Shr 52 cts vs 97 cts Net 2765000 vs 5419000 Revs 116.9 mln vs 97 mln Reuter | SOUND WAREHOUSE INC <SWHI> 3RD QTR FEB 28 NET |
CNA Income Shares Inc said it filed with the Securities and Exchange Commission a registration statement covering a 30 mln dlr issue of convertible extendible notes due 1992. The proceeds will be used for investment purposes the company said. CNA Inc named Drexel Burnham Lambert Inc as sole underwriter for the offering... | CNA INCOME SHARES <CNN> FILES FOR NOTE OFFERING |
Donald Trump and Interstate Properties said they were holding preliminary discussions regarding a possible joint acquisition of Alexanders Inc at 47 dlrs per share. The possible acquisition is subject to any applicable real estate gains and transfer taxes the joint statement said. Trump and Interstate which presently o... | TRUMP AND INTERSTATE IN TALKS FOR ALEXANDERS |
Japan bought 4000 tonnes of Canadian rapeseed overnight at an undisclosed price for last half May/first half June shipment trade sources said. Reuter | JAPAN BUYS 4,000 TONNES CANADIAN RAPESEED |
Shr profit 12 cts vs loss 14 cts Net profit 183000 vs loss 234000 Revs 2.4 mln vs 1.5 mln Six months Shr profit 22 cts vs loss 22 cts Net profit 345000 vs loss 358000 Revs 5.2 mln vs 2.9 mln NOTE:1987 2nd qtr and six months include gains of 78000 dlrs and 154000 dlrs for tax loss carryforward. Reuter | TELECRAFTER CORP <SWHI> 2ND QTR FEB 28 NET |
Entourage International Inc said it plans to package solid perfume in a lipstick tube and retail the product called Amadeus for 15 dlrs. The company said the product was first test marketed in Feburary after six months of research and development. Reuter | ENTOURAGE <ENTG> TO SELL SOLID PERFUME |
Tunisia is expected to tender April 14 for 100000 tonnes of French soft wheat for delivery between May and August and which would be covered by the French export credit agency COFACE export credits traders said here. No official tender has been announced yet by Tunisia they said. France has sold a total of 200000 tonne... | TUNISIA EXPECTED TO TENDER FOR FRENCH WHEAT |
Great Lakes Chemical Corp said it registered with the Securities and Exchange Commission a proposed public offering of two mln shares of its common stock. Proceeds from the offering will be used to repay debt incurred in the acquisition of two chemical companies to increase Great Lakes equity investment in Huntsman Che... | GREAT LAKES CHEMICAL <GLK> FILES OFFERING |
Northern Telecom said it shipped the first digital central office switching system it sold to Nippon Telegraph and Telephone under the terms of a 250 mln dlrs supply agreement. The agreement began with the signing of a letter of understanding in December 1985. THe formal seven-year agreement was signed in May 1986. The... | NORTHERN TELECOM <NT> SENDS SHIPMENT TO NIPPON |
West Germanys total net direct investments abroad fell to 11.2 billion marks in 1986 from 13.6 billion in 1985 but investments in developing countries rose to 683 mln marks from 358 mln the Economics Ministry said. Foreign investments in West Germany were a net 5.8 billion marks in 1986 up from 3.6 billion in 1985 with... | GERMAN INVESTMENTS ABROAD FALL IN 1986 |
Shr 28 cts vs 16 cts Net 9387000 vs 25617000 Revs 410.1 mln vs 393.5 mln Avg shrs 35.4 mln vs 164.7 mln NOTE: 1987 net reflects interest expense on debt incurred to finance recapitalization in Oct. 1986. Prior year earnings restated to reflect recapitalization plan. Reuter | COLT INDUSTRIES INC <COT> 1ST QTR NET |
The Senate Budget Committee ended its stalemate over a budget plan and approved by a single vote a revised 1988 budget proposed by chairman Lawton Chiles to cut the deficit to 133.7 billion next year. The new plan broke last weeks gridlock in which the committee failed to approve a similar Chiles plan on a tie vote. To... | U.S. SENATE BUDGET COMMITTEE APPROVES BUDGET |
Yankee Cos Inc said its Eskey Inc <ESK> subsidiary has decided not to sell its Yale E. Key unit. Further details were not disclosed. Reuter | YANKEE <YNK> UNIT NOT TO SELL SUBSIDIARY |
The Chicago Mercantile Exchange CME said it has added a new chief compliance officer and will expand its regulatory surveillance program. Paul OKelly currently assistant regional administrator of the Securities and Exchange Commission was named vice-president of compliance for the exchange the CME said. The expanded co... | CME ADDS COMPLIANCE CHIEF, EXPANDS SURVEILLANCE |
Plans to rejuvenate Polands economy by reducing central government control would help reassure Western creditors that the countrys economy was safe to invest in a senior Polish official said. The business of granting loans to Poland is not as bad a business as you might imagine senior Polish government spokesman Jerzy ... | POLAND REASSURES CREDITORS ON ECONOMIC REFORMS |
Shr 59 cts vs 46 cts Net 2.4 mln vs 1.9 mln Revs 122.5 mln vs 105.9 mln Six months Shr 1.13 dlrs vs 84 cts Net 4.5 mln vs 3.4 mln Revs 242.5 mln vs 210.1 mln NOTE: 1986 share adjusted for 2-for-1 stock split. Reuter | MAYFAIR SUPER MARKETS INC <MYFRA> 2ND QTR FEB 28 |
Iran decided to continue its operations east of Basra to destroy Iraqs forces Iranian Prime Minister Mir-Hossein Mousavi told Tehran Radio. That seems to be the best spot for the complete destruction of (Iraqi President) Saddams forces. This is why it was decided that the operations would forcefully continue there he s... | IRAN SAYS OFFENSIVE AIMED AT DESTROYING IRAQ ARMY |
The Bank of France said it will offer 9.5 billion francs worth of negotiable Treasury bills at its next weekly tender on April 13. The total includes four billion francs worth of 13-week bills 2.5 billion francs of two-year bills and three billion francs of five-year bills. At this weeks tender on Monday the Bank sold ... | FRANCE SETS 9.5 BILLION FRANC T-BILL TENDER |
Shr 33 cts vs 31 cts Net 9219017 vs 8515539 Revs 112.0 mln vs 95.4 mln Reuter | <BATON BROADCASTING INC> SIX MTHS FEB 28 NET |
Shr loss 24 cts vs profit seven cts Net loss 5952000 vs profit 2078000 Revs 55.9 mln vs 50.6 mln Avg shrs 25.2 mln vs 24.7 mln Nine mths Shr loss 11 cts vs profit 24 cts Net loss 2673000 vs profit 6800000 Revs 162.6 mln vs 143.9 mln Avg shrs 25.0 mln vs 24.4 mln NOTE: Current year net both periods includes pretax charg... | UNITED CABLE TELEVISION CORP <UCT> 3RD QTR NET |
Investment Canada said it has allowed the indirect takeover of Holt Rinehart and Winston Canada Ltd. W.B. Saunders Co of Canada Ltd and Les Editions HRW Ltd by Harcourt Brace Jovanovich Canada Inc. The government agency said however Harcourt Canada has agreed to sell control of the firms to Canadian interests within tw... | CANADA ALLOWS PUBLISHING TAKEOVER BY HARCOURT |
The New Jersey Hospital Association said it will hold a symposium on the quality of hospital care on Friday April 10. Thirty-eight health-care executives from 18 nations will be on hand at the symposium. Reuter | NEW JERSEY HOSPITAL ASSOCIATION SYMPOSIUM |
FED SAYS IT BUYS ALL COUPONS FOR REGULAR DELIVERY | |
The largest U.S. textile maker focused on its own business as its competitors found merger partners but now Burlington Industries Inc may have restructured itself into an attractive takeover candidate analysts said. The takeover spotlight fell today on Burlington which rose 4-7/8 to 52-7/8 on speculation that investor ... | TALKING POINT/BURLINGTON INDUSTRIES <BUR> |
UNITED AIRLINES MARCH LOAD FACTOR RISES TO 70.6 PCT FROM 66.2 PCT | |
Kidder Peabody and Co and E.F. Hutton Co Inc acting as co-managers in the underwriting group said <Amplicon Incs> initial public offering of 1650000 shares of its common stock was being offered at 12.25 dlrs per share. Of the shares being offered 1400000 are being sold by the company and 250000 shares are being sold... | AMPLICON INITIAL OFFERING AT 12.25 DLRS A SHARE |
Shr profit 10 cts vs loss 17 cts Net profit 206000 vs loss 281000 Revs 102200 vs 344000 Reuter | STERIVET LABORATORIES LTD <STVTF> 1ST QTR NET |
Shr loss 48 cts vs loss 19 cts Net loss 746000 vs loss 342000 Revs 3213000 vs 2925000 Reuter | STERIVET LABORATORIES LTD <STVTF> YEAR LOSS |
Senior Japanese officials tomorrow open talks with American trade negotiators in a last-ditch effort to avert new high U.S. tariffs to be imposed on a wide variety of Japanese electronic exports. Makoto Kuroda vice minister of Japans Ministry of International Trade and Industry (MITI) is to hold two days of meetings wi... | JAPAN IN LAST-DITCH EFFORT TO AVERT TARIFFS |
Emerson Radio Corp said it has sold 10 mln dlrs of eight pct senior notes due March 1992 to a major institutional investor it did not name. The company also said 5800000 dlrs of its convertible subordinated notes due 1997 have been converted into 728476 common shares. Reuter | EMERSON RADIO <EME> SELLS NOTES PRIVATELY |
<Hoechst Celanese Corp> said it sent propsective customers a confidential report describing its polyester textile fiber facilities in North Carolina and South Carolina. The company did not disclose any prices. The report describes the facilities in Darlington County S.C. and Fayetteville N.C. the company said. The r... | HOECHST CELANESE SENDS REPORT ON NEW FACILITIES |
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