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Public Service Co of New Mexico said it is evaluating placing its electric distribution system in a limited partnership with assets of about 400 mln dlrs. The utility said it advised a customer task force this is one restructuring alternative being considered for the companys electric business. The structure is being e... | PS NEW MEXICO <PNM> STUDIES SYSTEM PARTNERSHIP |
Castle and Cooke Inc said it would take a fourth quarter after-tax loss of 33.9 mln dlrs from the previously reported sale of its Flexi-Van container leasing business to Itel Corp <ITEL> for about 215 mln dlrs. Earlier the company reported a loss for the fourth quarter ended January 3 of 31.9 mln dlrs or 76 cts a sh... | CASTLE AND COOKE <CKE> TAKES FOURTH QTR LOSS |
The Federal Reserve is expected to enter the U.S. Government securities market to add temporary reserves economists said. They expect it to supply the reserves indirectly by arranging around 1.5 of customer repurchase agreements. Federal funds which averaged 6.22 pct yesterday opened at six pct and remained there in ea... | FED EXPECTED TO ADD TEMPORARY RESERVES |
Xerox Corp said it is launching in May a more powerful version of its Xerox Ventura Publisher desktop computer software called Release 1.1. that offers 80 new features. It said the new software used for both long and short documents in IBM PCs includes conversion for Hewlett-Packard Soft Fonts and more sophisticated gr... | XEROX <XRX> LAUNCHES MORE POWERFUL SOFTWARE |
<Omnibus Computer Graphics Inc> said it is in default of certain credit provisions of its line of credit with its Canadian banker resulting from a working capital beficit of eight mln dlrs. The company said it is currently negotiating additional financing to alleviate the problem. Reuter | OMNIBUS COMPUTER IN DEFAULT ON LINE OF CREDIT |
Convenient Food Mart Inc said it has tentatively agreed to buy all the outstanding stock of Plaid Pantries Inc and two associated businesses in Oregon and Washington for undisclosed terms. Plaid Pantries owns and operates 161 convenience stores in the Portland and Seattle areas. The other business are two companies inv... | CONVENIENT FOOD MART <CFMI> AGREES TO BUY CHAIN |
Standard and Poors Corp said it affirmed the BB-plus rating on AFG Industries Incs 185 mln dlrs of subordinated debt. S and P said it believed AFG would make acquisitions of moderate size in the next few years. AFGs healthy cash flow and pro forma cash balances of 169 mln dlrs at September 30 1986 should be adequate to... | AFG INDUSTRIES <AFG> DEBT AFFIRMED BY S/P |
WAL-MART STORES INC 4TH QTR SHR 65 CTS VS 47 CTS | |
<Hoechst Celanese Corp> recently formed from the merger of the Celanese Corp with American Hoechst Corp a unit of <Hoechst AG> said Juergen Dormann former member of Hoechts AGs management board has been named chairman and chief executive officer of Hoechst Celanese. The chemical company also said it named Dieter ... | HOECHST CELANESE NAMES SENIOR OFFICERS |
Data Architects Inc said it received a contract from the <Bank of Tokyo> to expand the installation of its bank electronic support systems at the bank. It said the contract exceeds one mln dlrs. Reuter | DATA ARCHITECTS <DRCH> GETS TOKYO BANK CONTRACT |
General DataComm Industries Inc said it has agreed to sell for 40 mln dlrs its Network Services facility and its corporate facility and lease back the facilities. It said it has an option to buy the buildings back at a later date. Proceeds from the financing will be used to reduce debt it said. Reuter | GENERAL DATACOMM <GDC> IN SALE/LEASEBACK DEAL |
Marine Midland Banks Inc said it has acquired the customer account base of New York discount brokerage firm Ovest Financial Services Inc for undisclosed terms to expand its discount brokerage operations in the Northeastern U.S. It said it will combine Ovests activities with those of its Marine Midland Brokerage Service... | MARINE MIDLAND <MM> BUYS BROKERAGE ASSETS |
A one billion stg issue of nine pct Exchequer stock due 2002 which became available for trading only this morning was exhausted in mid-afternoon trading on the U.K. Government bond market dealers said. The Bank of England said the issue was no longer operating as a tap. The issue was announced Monday at a price of 96 s... | U.K. ONE BILLION STG BOND ISSUE EXHAUSTED |
U.S. TREASURY DEPUTY ASST SECRETARY BERGER SAYS FURTHER DOLLAR DROP COULD CAUSE INFLATION | |
West Germany and Tanzania have signed an agreement on rescheduling 145 mln marks worth of commercial credits the Finance Ministry said. Tanzania will now have until April 1 1997 to pay back the credits some of which had originally fallen due in 1979 a ministry statement said. Interest on the credits will be paid at mar... | WEST GERMANY, TANZANIA AGREE DEBT RESCHEDULING |
The European Community is close to bankruptcy the ECs Executive Commission said in a report. In its bluntest ever warning about the state of EC finances it said The Community is at present faced with a budgetary situation which can only be characterised as being on the brink of bankruptcy. The report dated Saturday is ... | COMMISSION REPORT WARNS ON EC FINANCING |
AMERICAN MOTORS CORP LATE FEBRUARY CAR SALES | |
Waxman Industries Inc said it filed with the Securities and Exchange Commission a registration statement covering a 25 mln dlr issue of convertible subordinated debentures due 2007. Proceeds will be used to repay short-term indebtedness and for general corporate purposes which may include acquisitions Waxman said. The ... | WAXMAN INDUSTRIES <WAXM> TO SELL CONVERTIBLES |
The Dominican Republic sold 35000 long tons of sugar for immediate delivery with an option for 25000 tons more to Czarnikow Rionda of New York the state sugar council announced. It was not immediately clear when the sale was made or at what price. A council communique said the sale was made at the best prevailing condi... | DOM REPUBLIC SELLS CZARNIKOW 35,000 TONS SUGAR |
The EC Executive Commission has backed a plan to allow member countries to ban regular leaded gasoline in a move designed to encourage use of unleaded fuel. It said in a statement it backed a proposal to allow EC states to ban sales of regular grade gasoline containing lead at six months notice. The proposal which need... | EC BACKS NEW MOVE TO ENCOURAGE UNLEADED GASOLINE |
SUN RAISES CRUDE OIL POSTINGS ONE DLR ACROSS BOARD. WTI NOW 17.00 DLRS/BBL | |
<Strong Point Inc> said its Pharmaceutical Technologies Inc subsidiary will market in Europe its Immunol-RD nutritional product designed to protect individuals exposed to medium or minimal radiation dosage levels. The company said it will market the product in Europe because of the radiation exposure from the Cherno... | STRONG POINT UNIT TO MARKET PRODUCT IN EUROPE |
Michaels Stores Inc said February sales rose 26.2 pct to 8049000 dlrs from 6380000 dlrs a year before with same-store sales up 10.6 pct. Reuter | MICHAELS STORES <MKE> FEBRUARY SALES RISE |
Shr 14 cts vs nine cts Net 1180000 vs 640000 Revs 25.6 mln vs 20.1 mln Six mths Shr 26 cts vs 12 cts Net 2103000 vs 853000 Revs 44.8 mln vs 33.0 mln Reuter | <DEVTEK CORP> 2ND QTR JAN 31 NET |
Shr 13 cts vs 41 cts Net 1079100 vs 3535205 Revs 13.6 mln vs 16.2 mln Note: Current results for 16 months after change in fiscal year end to December 31 from August 31 Reuter | SAXTON INDUSTRIES LTD <SAXIF> YEAR NET |
<Toronto Sun Publishing Corp> said it planned a two-for-one split of its common shares subject to regulatory approval and approval by shareholders at the April 21 annual meeting. Reuter | TORONTO SUN PLANS TWO-FOR-ONE STOCK SPLIT |
Shr 43 cts vs 41 cts Net 316000 vs 298000 Sales 4857000 vs 4543000 Reuter | SERVO CORP OF AMERICA <SCA> 1ST QTR JAN 31 NET |
Shr loss 1.77 dlrs vs profit 15 cts Net loss 8036000 vs profit 576000 Sales 16.2 mln vs 17.2 mln Avg shrs 4539437 vs 3816580 1st half Shr loss 1.96 dlrs vs profit 26 cts Net loss 8231000 vs profit 996000 Sales 30.9 mln vs 32.2 mln Avg shrs 4205707 vs 3814141 NOTE: Current half net includes 68000 dlr tax credit. Current... | ELECTRO-NUCLEONICS INC <ENUC> 2ND QTR DEC 31 |
Shr 65 cts vs 47 cts Net 184.3 mln vs 133.1 mln Sales 3.85 billion vs 2.77 billion Year Shr 1.59 dlrs vs 1.16 dlrs Net 450.1 mln vs 327.5 mln Sales 11.91 billion vs 8.45 billion Reuter | WAL-MART STORES INC <WMT> 4TH QTR JAN 31 NET |
FORD LATE FEBRUARY U.S. CAR SALES UP 29.3 PCT | |
Micropolis Corp said it filed with the Securities and Exchange Commission a registration statement covering a 75 mln dlr issue of convertible subordinated debentures due 2012. Proceeds will be used for general corporate purposes and possible acquisitions Micropolis said. The company named Kidder Peabody and Co Inc as l... | MICROPOLIS <MLIS> TO OFFER CONVERTIBLE DEBT |
Shr two cts vs two cts Net 407396 vs 376243 Revs 5341353 vs 4292819 Reuter | <MIRTONE INTERNATIONAL INC> 1ST QTR DEC 31 NET |
Thomas Berger Deputy Assistant Secretary of the Treasury said that a further drop in the exchange value of the dollar could cause prices to go up and trigger inflation. He told a meeting of the Presidents Export Council that the Japanese and the Germans have cut their profit margins to reflect recent drops in the dolla... | U.S. TREASURY AIDE WARNS ON INFLATION |
Independent Air Holdings Inc said it is planning an exchange offer for its Class A warrants which expire April 11. The company said for 30 days after the effective date of the registration statement covering the offer it would exchange 100 dlrs principal amount of 12 pct convertible subordinated notes due 1991 plus 300... | INDEPENDENT AIR <IAIR> IN EXCHANGE FOR WARRANTS |
A leaf disease affecting seven pct of Sri Lankas rubber plantations may reduce output this year and raise currently depressed prices industry officials and researchers told Reuters. About 2900 hectares of rubber planted with the Rubber Research Institute (RRI) clone 103 have been hit by the fungus corenes pora which at... | LEAF DISEASE HITS SRI LANKA RUBBER |
Shr 36 cts vs 66 cts Net 4775000 vs 9342000 Revs 105.5 mln vs 130.0 mln Reuter | PYRO ENERGY CORP <BTU> YEAR NET |
The European Commission confirmed it authorised the export of 60500 tonnes of current series white sugar at a maximum rebate of 43.147 European Currency Units (ECUs) per 100 kilos. Out of this traders in the U.K. Received 43500 tonnes in the Netherlands 12000 in Denmark 4000 and in West Germany 1000 tonnes. REUTER | EC COMMISSION DETAILS SUGAR TENDER |
 CORRECTION - ROVER GROUP REPORTS SALES In a Miami item please read headline <ROVER GROUP> REPORTS SALES ON STERLINGS... Please read in first paragraph ... Austin Rover Cars of North America a unit of Great Britains Rover Group PLC reported ... corrects parent company name. In third paragraph please correct spel... | |
The Geneva Motor Show the first major car show of the year opens tomorrow with U.S. Car makers hoping to make new inroads into European markets due to the cheap dollar automobile executives said. Ford Motor Co <F> and General Motors Corp <GM> sell cars in Europe where about 10.5 mln new cars a year are bought. GM... | U.S. CAR MAKERS HOPE TO PROFIT FROM WEAK DOLLAR |
The Bundesbank is planning changes in the system by which banks bid for funds in securities repurchase pacts to improve the flexibility of its key open market instrument central bank officials said. Banking economists said the changes will shorten the tender process to two days from three currently enabling the Bundesb... | BUNDESBANK CHANGES REPURCHASE PACT SYSTEM |
Shr loss 13 cts vs profit 10 cts Net loss 1804062 vs profit 1370063 Revs 33.5 mln vs 40.4 mln 12 mths Shr loss 51 cts vs profit cts Net loss 7030235 vs profit 9163141 Revs 149.4 mln vs 167.9 mln NOTE: income before taxes for the 12 mths ended Jan 1987 includes gains 895000 for fire insurance settlement and unusual char... | UNITRODE CORP <UTR> 4TH QTR JAN 31 LOSS |
National Semiconductor Corps National Advanced Systems unit said it is accelerating the delivery schedule for the two most powerful models of its AS/XL series mainframe processors because of growing customer demand. The company said the AS/XL 90 and AS/XL 100 which had been scheduled for general availability in the thi... | NATIONAL SEMI <NSM> UNIT STEPS UP DELIVERIES |
Shr five cts vs 20 cts Qtly div two cts vs two cts prior Net 223000 vs 1418000 Sales 15.3 mln vs 17.1 mln Year Shr 61 cts vs 81 cts Net 3106000 vs 5940000 Sales 63.0 mln vs 59.5 mln NOTE: 1986 net includes tax credits of 63000 dlrs in quarter and 1365000 dlrs in year. 1986 net both periods includes 500000 dlr pretax in... | BUEHLER INTERNATIONAL INC <BULR> 4TH QTR NET |
Ford Motor Co said its sales of U.S.-made cars in late February rose 29.3 pct over the same period last year. The automaker said it sold 51411 domestic cars in the February 21-28 period up from 39754 last years period. There were seven selling days in both periods. Fords sales of U.S. cars for the month of February wer... | FORD <F> LATE FEBRUARY CAR SALES UP 29.3 PCT |
Qtly div 23 cts vs 21 cts prior Pay April 1 Record March 16 Reuter | STANHOME INC <STH> RAISES QUARTERLY TWO CTS |
Qtly div three cts vs three cts prior Pay April 2 Record March 16 Reuter | INSTRON CORP <ISN> SETS QUARTERLY |
Landesbank Rheinland-Pfalz International SA is issuing a 300 mln Luxembourg franc private placement bond with a 7-1/4 pct coupon at par lead manager Caisse dEpargne de lEtat du Grand-Duche de Luxembourg said. The five-year non-callable bullet bond is for payment on March 24 and coupon payments are annually on March 25.... | WEST GERMAN BANK ISSUES LUXEMBOURG FRANC BOND |
FED PROPOSES CURRENCY, RATE SWAP RISK GAUGE AS PART OF NEW CAPITAL STANDARD | |
 MIDLAND RIGHTS ISSUE STILL EXPECTED SAY ANALYSTS LONDON March 4 - Midland Bank Plcs <MDBL.L> 1986 results suggest its shares show further recovery potential although a rights issue is still expected in the next few months banking analysts said. A rights issue of the order of 400 mln stg is seen perhaps in June ... | |
The cost of living in West Germany will likely be about 0.5 pct higher on average in 1987 than in 1986 when the cost of living actually fell by an average 0.2 pct in the first recurrence of negative inflation since the 1950s the HWWA economic research institute said. The re-emergence of inflation will result mainly fro... | GERMAN INSTITUTE SEES INFLATION RISING IN 1987 |
Cereals Monetary Compensatory Amounts MCAs will be unchanged for the week starting March 9 an EC Commission spokesman said. They will be plus 2.4 points for the Netherlands and West Germany minus two for Denmark minus eight for France minus nine for Ireland minus 5.7 for Italy minus 30.2 for Britain minus 44.1 for Gree... | CEREALS MCAS TO BE UNCHANGED NEXT WEEK |
Latin American debtor nations are still willing to negotiate on their debts World Bank director for Latin America and the Caribbean Rainer Steckhan said. In an article published in todays Handelsblatt daily Steckhan said despite decisions by Peru Costa Rica Ecuador and Brazil to suspend some interest payments these nat... | WORLD BANK SAYS S. AMERICAN DEBTORS STILL TALKING |
The Federal Reserve Board voted unanimously to propose a formula for calculating the risk of interest rate and currency swaps as part of its ongoing effort to come up with a new capital standard for U.S. banks that takes into account the riskiness of a banks loans and other assets. Fed officials said an identical propo... | FED DRAFTS CURRENCY, RATE SWAP RISK GAUGE |
Oper shr 10 cts vs eight cts Oper net 325000 vs 228000 Sales 7070000 vs 6483000 Avg shrs 3313000 vs three mln Year Oper shr 69 cts vs 51 cts Oper net 2124000 vs 1536000 Sales 31.2 mln vs 22.7 mln Avg shrs 3071000 vs three mln NOTE: 1986 net both periods includes 72000 dlr tax credit. Reuter | IDEAL SCHOOL SUPPLY CORP <IDEL> 4TH QTR NET |
Qtly div 16 cts vs 16 cts prior Pay April One Rcord March 20 Reuter | SALOMON INC <SB> SETS REGULAR QUARTERLY |
Worldwide spot crude oil movements fell to 30.07 mln long dwt in February from 37.25 mln tons in January and 41.44 mln in December London shipbroker Howard Houlder said. The decline mainly reflected a sharp drop in movements out of the Mideast Gulf which totalled 7.4 mln tons last month against 11.65 mln in January. Th... | JANUARY CRUDE OIL MOVEMENTS FALL SEVEN MLN TONS |
The 350 mln Ecu three-year package of social and structural measures agreed early today by European Community farm ministers features a plan to compensate farmers for reducing output of certain surplus products EC Commission sources said. The ministers agreed that under this extensification scheme farmers would qualify... | EC SOURCES DETAIL NEW FARM SOCIAL PACKAGE |
National Fuel Gas Co said it has proposed a plan of reorganization for <Argo Petroleum Corp>. The proposal calls for National Fuels Seneca Resources Corp subsidiary to receive 75 pct of Argos principal producing and undeveloped oil and gas assets in return for refinancing Argos debt to Seneca. The plan calls for Sen... | NATIONAL FUEL <NFG> PROPOSES ARGO REORGANIZATION |
Landesbank Rheinland-Pfalz International SA is issuing a 300 mln Luxembourg franc private placement bond with a 7-1/4 pct coupon at par lead manager Caisse dEpargne de lEtat du Grand-Duche de Luxembourg said. The five-year non-callable bullet bond is for payment on March 24 and coupon payments are annually on March 25.... | WEST GERMAN BANK ISSUES LUXEMBOURG FRANC BOND |
The Bank of England and the U.S. Federal Reserve Board have agreed new proposals for joint standards to measure the risk of an array of credit exposures that do not show up in bank balance sheets the Bank of England said. The plan covering swaps forward contracts and options involving interest or exchange rates complem... | U.S., BRITAIN AGREE FURTHER BANK CAPITAL PROPOSALS |
Outboard Marine Corp whose stock is trading higher said there were no corporate developments to account for the rise. Outboard Marine was up 2-1/2 to 34 with 48000 shares traded. A spokesman said the company wasnt planning any announcements. Several analysts who follow the company also did not know why Outboard was tra... | OUTBOARD MARINE <OM> KNOWS NO REASON STOCK IS UP |
Piedmont Avaition Incs board of directors will conduct a special meeting beginning at 1400 est today a Piedmont spokesman said. The spokesman would not say what was on the agenda. In mid-February Piedmont said its board would meet to discuss all proposals to acquire the company. Its board also withdrew a recommendation... | PIEDMONT AVIATION <PIE> BOARD TO MEET TODAY |
First Union Real Estate Investments said its board left the quarterly dividend unchanged at 37-1/2 cts per share payable April 30 record March 31. The trust which has raised its quarterly dividend frequently in the past two years and in the first quarter in both years said the Tax Reform Act of 1986 has limited its fle... | FIRST UNION <FUR> LEAVES DIVIDEND UNCHANGED |
Shr 21 cts vs 28 cts Net 1456000 vs 1925000 Sales 258.7 mln vs 290.2 mln Nine Mths Shr 77 cts vs 1.10 dlrs Net 5384000 vs 7658000 Sales 804.3 mln vs 760.1 mln Reuter | RYKOFF-SEXTON INC <RYK> 3RD QTR JAN 31 NET |
Jamaica will draw down 40.9 mln Special Drawing Rights (SDRs) from the International Monetary Fund following IMF approval yesterday of a new credit program for the island the government announced. Financing from the compensatory facility is meant to offset losses in export earnings and does not carry the same condition... | JAMAICA WILL MAKE NEW DRAWING UNDER IMF PROGRAM |
Periods end January 31 1987 and 1986 Shr 12 cts vs nine cts Net 507000 vs 362000 Revs 5010000 vs 3558000 NOTE: System Software Associates Inc is full name of company. Reuter | SYSTEM SOFTWARE ASSOCIATES <SSAX> 1ST QTR NET |
Qtrly div 34 cts vs 27 cts prior Pay March 31 Record March 16 Reuter | GEICO CORP <GEC> RAISES QTRLY DIVIDEND |
Qtly div 19 cts vs 19 cts prior Pay March 31 Record March 12 Reuter | STANLEY WORKS <SWK> SETS QUARTERLY |
Shr 31 cts vs 20 cts Net 3541000 vs 2071000 Sales 29.9 mln vs 14.5 mln Avg shrs 11.6 mln vs 10.4 mln NOTE Fourteen vs 13-week periods. Reuter | NOVELL INC <NOVL> 1ST QTR JAN 31 NET |
Polands winter wheat is likely to survive recent frosts but the impact of the cold will not be known until late April the Polish meteorology institute said. Some varieties of winter wheat sown in Poland can survive ground temperatures as low as minus 20 degrees C Spokesman Teresa Tomaszewska told Reuters. Even though a... | FROST NOT EXPECTED TO DAMAGE POLAND'S WHEAT |
Brown-Forman Inc said at the suggestion of the American Stock Exchange it has changed the record date for the 28 ct per share quarterly dividend on its Class A and Class B common stock that is payable April One to March 20 from March 13 to coincide with the record date for a three-for-two stock split declared February ... | BROWN-FORMAN <BFDB> TO CHANGE RECORD DATES |
Goodyear Tire and Rubber Co said its 1986 results include a tax refund of 75.7 mln dlrs from the costs of restructuring the company in a successful defense against a takeover attempt by James Goldsmith. Chairman Robert Mercer said Heavy restructuring costs related to the takeover attempt combined with government tax in... | GOODYEAR TIRE <GT> DETAILS 1986 TAX REFUND |
Geico Corp said it named two board members W. Reid Thompson chairman and the chief executive officer of Potomac Electric Power Company and Norma Brown major general US Air Force retired. Reuter | GEICO CORP <GEC> NAMES NEW BOARD MEMBERS |
The United States today handed Soviet arms negotiators a draft treaty which would eliminate all superpower medium-range nuclear missiles in Europe and slash such weapons elsewhere to 100 warheads on each side. Maynard Glitman who heads the American team discussing medium-range nuclear forces told reporters the document... | U.S. PRESENTS MOSCOW WITH DRAFT MISSILE TREATY |
The Great Northern Nekoosa Corp said it will recommend to shareholders a two-for-one common stock split. The company said it will make the proposal to shareowners at its annual mmeting May 6 in Dothan Ala. near the companys Great Southern Paper division operations. In conjunction with the stock split proposal the share... | GREAT NORTHERN NEKOOSA <GNN> ANNOUNCES SPLIT |
Consolidated Edison Co of New York Inc has agreed to reduce its rates 3.1 pct next month and write-off 50 mln dlrs of deferred debits New York Governor Mario M. Cuomo said. He told a press conference the 132.5 mln dlr reduction in annual rates along with the removal of 50 mln dlrs in fuel charges from base rates are pa... | CONED <ED> AGREES TO CUT RATES, WRITE OFF DEBITS |
Harris Associates L.P. a Chicago investment advisor said it raised its stake in Builders Transport Inc to the equivalent of 466754 shares or 9.1 pct of the total outstanding from 335800 shares or 6.7 pct. In a filing with the Securities and Exchange Commission Harris said it bought 36700 Builders Transport common share... | HARRIS LIFTS BUILDERS TRANSPORT <TRUK> STAKE |
PaineWebber Inc The First Boston Corp <FBC> and Salomon Inc <SB> said Paine Webber Group Inc has made a public offering of four mln shares of 1.375 dlrs convertible exchangeable preferred stock with a liquidation preferance of 25 dlrs per share. The firms co-managers of the underwriting group said Paine Webber or... | PAINE WEBBER <PWJ> IN FOUR MLN SHARE OFFERING |
Failure of talks on re-establishing International Coffee Organization ICO coffee quotas last week may put political pressure on the United States particularly the State Department to reassess its position but the U.S. is unlikely to back away from its basic demand quotas be set by objective criteria U.S. officials said... | COFFEE TALKS FAILURE SEEN PRESSURING U.S. |
International Business Machines Corp said it demonstrated an experimental computer chip called an opto-electronic receiver that transforms light into electrical signals that translate into computer language. IBM said the chip is two times faster than any similar chip reported and can read 40 encyclopedia volumes a seco... | IBM <IBM> DEMONSTRATES NEW CHIP |
Mark Hammer a private investor from Melville N.Y. and members of his family told the Securities and Exchange Commission they have acquired a total of 375200 shares of Exovir Inc or 12.9 pct of the total outstanding. Hammer said his group has been accumulating Exovir stock since Oct 28 1985 for investment purposes and m... | INVESTORS HAVE 12.9 PCT OF EXOVIR <XOVR> |
Torrential rains throughout Argentinas grain-producing areas virtually paralysed coarse grain harvesting in the week to yesterday trade sources said. Sunflower maize and sorghum harvests were particularly affected they said. But the rains proved to be a great aid to soybean crops as their harvesting will not begin unti... | TORRENTIAL RAINS HALT ARGENTINE GRAIN HARVEST |
The Western Airlines unit of Delta Air Lines Inc said its February load factor fell to 52.6 pct from 57 pct a year earlier and its year-to-date load factor was down to 52.2 pct from 54.8 pct during the same period last year. February revenue passenger miles rose to 790 mln from 786 mln a year earlier and year-to-date r... | DELTA <DAL> UNIT POSTS LOWER LOAD FACTOR |
Lotus Development Corp said it has signed a letter of intent to acquire substantially all of the assets of Computer Access Corp for undisclosed terms. Computer Asscess makes BlueFish full-text search and retrieval software for International Business Machines Corp <IBM> and compatible personal computers. The company ... | LOTUS <LOTS> TO ACQUIRE <COMPUTER ACCESS CORP> |
Oper shr 78 cts vs 51 cts Oper net 7030000 vs 4944000 Revs 126.6 mln vs 120.9 mln Year Oper shr 1.59 dlrs vs 89 cts Oper net 14.7 mln vs 9864000 Revs 425.1 mln vs 416.9 mln NOTE: Net excludes realized gains on investment of 73000 dlrs vs 4224000 dlrs in quarter and 6253000 vs 14.5 mln dlrs in year. Net excludes discont... | EQUITABLE OF IOWA COS <EQICA> 4TH QTR NET |
Qtly div 21 cts vs 16-1/4 cts prior Pay April One Record March 17 Reuter | CORROON AND BLACK CORP <CBL> RAISES QUARTERLY |
Cheyenne Resources Inc said it has restructured its 499750 debt to the First Interstate Bank of Denver to 250000. It said it gave the bank 500000 shares of restricted Cheyenne Resources common stock. It said it would pay the balance on a monthly basis over 28 months. Cheyenne also reported it had settled out of court a... | CHEYENNE RESOURCES <CHYN> COMPLETES RESTRUCTURE |
The European Community Commission today appointed its chief spokesman Hugo Paemen as its top official in charge of multilateral trade negotiations a Commission spokesman said. Paemen a Belgian official who had previously been chief aide to former External Affairs Commissioner Etienne Davignon has been in his post since... | EC APPOINTS NEW TRADE CHIEF |
EASTMAN KODAK CO FILES 900 MLN DLR DEBT SHELF REGISTRATION | |
Sen. Rudy Boschwitz R-Minn. said he intended to offer legislation that would allow 1987 producers of wheat feedgrains cotton and rice to receive at least 92 pct of their deficiency payments regardless of how much they planted. Boschwitz told the Senate Agriculture Committee that applying the so-called 0/92 provision to... | U.S. SENATOR TO PROPOSE 0/92 FOR 1987 CROPS |
Brazilian Finance Minister Dilson Funaro met his Swiss counterpart Otto Stich Swiss Economics Minister Jean-Pascal Delamuraz and National Bank President Pierre Languetin on the fourth leg of a tour to discuss his countrys debt problems. Funaro told reporters his trip which has already taken him to London Paris and Bonn... | BRAZILIAN FINANCE MINISTER MEETS SWISS OFFICIALS |
CHRYSLER LATE-FEBRUARY U.S.-BUILT CAR SALES UP 11 PCT | |
UAW TO MEET WITH PRESS THIS AFTERNOON ON AMERICAN MOTORS | |
The world trade body GATT has decided to set up an arbitration panel to rule on objections by Canada and the European Community to a customs user fee imposed by the U.S. Government a GATT spokesman said. Canada and the EC told a GATT (General Agreement on Tariffs and Trade) council meeting that the fee which imposes a ... | GATT TO RULE ON U.S. CUSTOMS USER FEE DISPUTE |
National Healthcare Inc said it has received a waiver until May 26 of its technical defaults under covenants of its bank credit agreement. The company said that under an amendment to the credit agreement its line of credit has been cut to 125 mln dlrs due to reduced requirements for acquisition financing interest on al... | NATIONAL HEALTHCARE <NHCI> GETS DEFAULT WAIVERS |
McDonalds Corp said it filed a shelf registration with the Securities and Exchange Commission covering 300 mln dlrs of debt securities. McDonalds said it intends to issue the securities from time to time denominated in U.S. dollars and/or other currencies including European Currency Units. Proceeds may be used for debt... | MCDONALD'S <MCD> FILES 300 MLN DLRS SHELF OFFER |
The new European Community dairy regime agreed last night is too complicated and may destabilise prices Abele Kuypers secretary of the dairy section of the Dutch farmers organisation Landbouwschap said. He welcomed the decision to write off existing stocks of butter and skimmed milk powder and agreed there should be so... | EC DAIRY PACT MAY DISRUPT MARKET - DUTCH FARMERS |
India bought up to 10 cargoes of white sugar at a buying tender today which originally called for just two to three cargoes of March/April shipment traders said. London trader E D and F Man said it sold two cargoes at 233 dlrs a tonne CIF for March/April shipment with an option to sell an additional two cargoes at the ... | INDIA BUYS UP TO 10 CARGOES SUGAR - TRADERS |
Chrysler Corp said sales of its U.S.-built cars rose 11 pct in the February 20-28 period to 30634 units compared to 27526 in the period a year ago. There were seven selling days in both periods. For the month of February sales fell two pct to 78508 cars from 80322 a year ago. Year-to-date sales were not immediately ava... | CHRYSLER <C> LATE-FEBRUARY SALES RISE 11 PCT |
The Department of Transportation said it has tentatively awarded the Baltimore to London route to Trans World Airlines Inc. The DOT issued a show cause order which give interested parties seven days to question the decision. In addition the White House must decide on the choice under foreign policy and national securit... | TWA <TWA> GETS LONDON/BALTIMORE ROUTE |
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