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Qtly div 25 cts vs 25 cts prior Payable May 6 Record April 24 Reuter | MELLON PARTICIPATING MORTGAGE TRUST <MPMTS> DIV |
A Treasury official said there are no plans to try to reduce the U.S. budget deficit by issuing yen-denominated bonds that would become known as Reagan bonds. It simply isnt something that we are planning to do the official said. He added the Treasury was aware of Japanese news reports suggesting the Reagan administrat... | U.S. TREASURY SAYS NO PLANS FOR SPECIAL BONDS |
Public Service Co of Colorado said it has reached a preliminary agreement to resolve a territorial dispute with Union Rural Electric Association of Brighton Colo. The company said The tentative agreement protects Unions boundaries and also would set in motion a vote of Unions membership which could lead to acquisition ... | PUBLIC SERVICE COLORADO <PSR> IN SETTLEMENT |
Advanced Micro Devices Inc said it is developing a set of five computer chips for use in digital communications systems. The company said the new chips support the integrated services digital network or ISDN the international standard for digital voice and data communications. Advanced Micro also said it has signed a l... | ADVANCED MICRO <AMD> UNVEILS COMPUTER CHIPS |
General Electric Co Plc <GECL.L> (GEC) declined comment on rumours on the London stock market that it is planning another purchase in the U.S. Medical equipment field in addition to its existing U.S. Subsidiary <Picker International Inc>. A GEC spokesman said that it is company policy not to comment on acquisitio... | U.K. GEC DECLINES COMMENT ON U.S. PURCHASE RUMOUR |
Preston corp said it expects to report a loss of about 300000 dlrs or five cts per share for the first quarter compared with a profit of 1081000 dlrs or 19 cts per share a year before. The trucking company attributed the loss to the continued rate of discounted in its primary markets flat revenues and increased costs i... | PRESTON CORP <PTRK> SEES FIRST QUARTER LOSS |
The Federal Reserve entered the U.S. Government securities market and offered to buy all maturities of Treasury notes and bonds a Fed spokesman said. He said this coupon pass which adds permanent reserves to the banking system was for regular delivery tomorrow. Dealers said that Federal funds were trading at 6-7/16 pct... | FED SAYS IT OFFERS TO BUY ALL COUPON ISSUES |
Synergen Inc said it has filed for an offering of 1500000 common shares through underwriters led by Alex. Brown Inc <ABSB> Hambrecht and Quist Inc and Boettcher and Co Inc. It said proceeds will be used to fund research and testing and for other general corporate purposes. Reuter | SYNERGEN <SYGN> FILES TO OFFER SHARES |
The U.S. 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 vot... | U.S. SENATE BUDGET COMMITTEE APPROVES PLAN |
Quebec mines minister Raymond Savoie said the province is prepared to offer money to help re-open (Noranda Inc)s Murdochville Quebec copper mine shut down by fire last week but said he could not give a specific figure until damage estimates have been completed. Federal member of parliament for the region Charles-Eugene... | QUEBEC GOVERNMENT TO OFFER HELP TO NORANDA MINE |
Western Digital Corp said its 47 mln dlrs of 6-3/4 pct convertible debentures due 2011 which had been called for redemption were converted into 2685142 common shares. Reuter | WESTERN DIGITAL <WDC> DEBENTURES CONVERTED |
Eastman Kodak Co is raising 25 mln dlrs through an offering of notes due 1997 said sole underwriter Morgan Stanley and Co Inc. The notes have a 7-1/2 pct coupon and an initial offering price of 99.625 to yield 7.34 pct or 20 basis points over five-year Treasury notes. Morgan said the notes will be reoffered to investor... | EASTMAN KODAK <EK> SELLS 25 MLN DLRS OF NOTES |
<Le Peep Restaurants Inc> said it is suing an Ohio company charging it copied its restaurant from its menu to its design. The action is being taken against <Shellys Inc> operator of three restaurants in Columbus Ohio the company said. The suit alleges copyright infringement and unfair competition it said. The sui... | LE PEEP RESTAURANTS SUES OHIO COMPANY |
The <American Stock Exchange> said it has listed Red Lion Inns LP which went public today. The initial trade of the partnership units was at 19.75 dlrs it said. Reuter | AMEX LISTS RED LION INNS <RED> |
Presidential spokesman Marlin Fitzwater said U.S. trade sanctions against Japan were likely take effect on April 17 in spite of a full court press by Japanese officials to avoid them. All indications are they will take effect he said. I would say Japan is applying the full court press ... They certainly are putting bot... | WHITE HOUSE STANDING FIRM ON JAPANESE SANCTIONS |
DOW JONES AND CO INC FIRST QUARTER SHR 69 CTS VS 64 CTS | |
Stanford Telecommunications Inc said it was awarded a three-year contract for 2945052 dlrs to support the National Aeronautics and Space Administrations Goddard Space Flight Center. The company said its tasks will include mission modeling ground system specific task assignements ground system architecture/operations st... | STANFORD TELECOMMUNICATIONS <STII> WINS CONTRACT |
Sir Norman Macfarlane non-executive chairman of <Guinness PLC> has agreed to remain in his post for two more years the company said. The company said its board asked Macfarlane to continue in his capacity. Macfarlane has been in his post since January. Reuter | GUINNESS PLC NON-EXEC CHAIRMAN TO REMAIN |
Shr 30 cts vs 28 cts Net 5000000 vs 4600000 Revs 125.2 mln vs 123.9 mln Note: 52 pct-owned by Dana Corp <DCN>. Reuter | <HAYES-DANA INC> 1ST QTR NET |
The following proposed securities offerings were filed recently with the Securities and Exchange Commission: Stone Container Corp <STO> - Secondary offering of 1633453 shares of common stock and offering of 300000 shares of common stock both through Morgan Stanley and Co Inc and Goldman Sachs and Co. American Contin... | PROPOSED OFFERINGS RECENTLY FILED WITH THE SEC |
Western Digital Corp said it has completed the redemption of its 47 mln dlrs of 6-3/4 pct convertible subordinated debentures due 2011. The debt was surrendered for conversion into comon stock resulting in 2685142 shares being issued. Reuter | WESTERN DIGITAL <WDC> REDEEMS DEBT |
CopyTele Inc said the U.S. Patent Office has issued a structure patent for its high resolution charged particle flat panel display screen. The company said it has successfully developed an experimental model with a 4.5 inch image area measured diagonally and is continuing development on panels with larger image areas. ... | COPYTELE <COPY> GETS FLAT PANEL PATENT |
The basic deposit on cocoa futures contracts will be reduced by 25 pct as from Friday April 10 taking the required deposit for one 10 tonne lot to 300 stg from 400 previously a spokesman for the International Commodity Clearing House (ICCH) said. The deposit for spread contracts will be similarly cut to 150 stg for a o... | COCOA TERMINAL DEPOSITS TO BE CUT 25 PCT - ICCH |
Shr 20 cts vs 32 cts Net 1358000 vs 2476000 Revs 27.1 mln vs 26.2 mln Nine Mths Shr 68 cts vs 1.05 dlrs Net 4957000 vs 8129000 Revs 82.6 mln vs 78.8 mln Reuter | ELECTRO RENT CORP <ELRC> 3RD QTR FEB 28 NET |
Munson Geothermal Inc said it received the necessary financing to complete construction work at its Brady Hot Springs facility and begin commercial delivery of geothermally produced electricity to Sierra Pacific Resouces Corp <SRP> by July this year. Munson has a 30-year contract which calls for it to supply Sierra ... | MUNSON <MGEO> GETS PROJECT FINANCING |
Arvin Industries Inc said it and Sango Co Ltd of Japan have started building a new 119000 square foot joint venture auto exhaust plant in Madison Wis. The company said the 15.2 mln dlr plant of its Arvin Sango Inc venture with Sango is scheduled to be in operation early in 1988. Reuter | ARVIN <ARV>, SANGO START BUILDING PLANT |
Washington Energy Co said it plans to file a registration statement later this month covering a planned public offering of 1.2 mln common shares. Proceeds from the offering will be used to reduce short-term bank borrowings incurred to finance capital expenditures the company said. Reuter | WASHINGTON ENERGY <WECO> PLANS PUBLIC OFFERING |
<Whonnock Industries Ltd> said it agreed to sell two mln class A subordinate voting shares to investment dealers Dominion Securities Inc and Pemberton Houston Willoughby Bell Gouinlock Inc for resale to the public at 7.75 dlrs each. Whonnock said <Toronto Dominion Bank> agreed to sell 500000 of its Whonnock class... | WHONNOCK PLANS SHARE ISSUE |
WALGREEN CO 2ND QTR SHR 62 CTS VS 58 CTS | |
A third Marine has been arrested on suspicion of espionage in a growing sex-spy scandal involving security at both the U.S. Embassy in Moscow and the American Consulate in Leningrad the Pentagon said. Sgt. John Joseph Weirick 26 was arrested yesterday in California and jailed for questioning on suspicion of espionage w... | THIRD U.S. MARINE ARRESTED IN SPY SCANDAL |
Philadelphia Electric Co will have to spend an average of about five mln dlrs a day to replace the electricity which would have been generated by the Peach Bottom nuclear power plant Chairman J. Lee Everett said. The Nuclear Regulatory Commission ordered the utility to close the plant early last week. This is the first... | PHILADELPHIA ELECTRIC <PE> NUCLEAR COST ESTIMATE |
Shr loss two cts vs profit nine cts Net loss 74000 vs profit 418000 Sales 18.2 mln vs 17.5 mln Year Shr profit nine cts vs profit 26 cts Net profit 426000 vs profit 1170000 Sales 58.7 mln vs 56.7 mln Reuter | JUDY'S INC <JUDY> 4TH QTR JAN 31 LOSS |
Shr profit 2.26 dlrs vs loss 81 cts Net profit 9785000 vs loss 3422000 Revs 26.0 mln vs 18.9 mln Avg shrs 4316000 vs 4207000 1st half Shr profit 2.75 dlrs vs loss 1.07 dlrs Net profit 11.9 mln vs loss 4486000 Revs 39.0 mln vs 37.2 mln Avg shrs 4318000 vs 4181000 NOTE: Current year net both periods includes gain 9500000... | ORANGE-CO INC <OJ> 2ND QTR FEB 28 NET |
Shr 69 cts vs 64 cts Net 66719000 vs 61773000 Rev 285.6 mln vs 259.7 mln NOTE: Earnings include after-tax gain of 29.4 mln dlrs or 30 cts a share versus after-tax gain of 31.4 mln dlrs or 32 cts a share for 1986 first quarter. Earnings per share reflects a 50 pct stock dividend in the form of a class B common stock dis... | DOW JONES AND CO INC <DJ> 1ST QTR NET |
Standard and Poors Corp said it cut to CCC-plus from B-minus Lanesborough Corps 50 mln dlrs of senior subordinated notes. S and P said the downgrade reflected Lanesboroughs planned purchase of Ampex Corp from Allied-Signal Inc <ALD> for 479 mln dlrs. The acquisition represents a dramatic departure from managements s... | LANESBOROUGH'S SUBORDINATED NOTES LOWERED BY S/P |
United Airlines a subsidiary of UAL Inc said its load factor in March rose to 70.6 pct from 66.2 pct in the same period a year ago. United said its March traffic jumped 23.2 pct to 6.05 billion revenue passenger miles from 4.91 billion revenue passenger miles in the same month last year. Available seat miles for the mo... | UAL'S (UAL) UNITED AIR MARCH LOAD FACTOR RISES |
LORD ABBETT BOND DEBENTURE FUND Qtly div 28 cts vs 29 cts prior Pay May 5 Record April 9 --- LORD ABBETT U.S. GOVERNMENT SECURITIES FUND Daily div 2.9 cts vs 2.9 cts prior Pay May 15 Record May 15 LORD ABBETT TAX FREE INCOME FUND NATIONAL SERIES Daily div 6.7 cts vs 6.7 cts prior Pay May 15 Record May 15 --- LORD ABBET... | LORD ABBETT AND CO MUTUAL FUND DIVIDENDS |
Dutch brewer Heineken NV said it hoped to maintain for a number of years a similar earnings growth to the 7.5 pct increase in net profit achieved in 1986 despite continuing investments in a reorganization program and efforts to extend world penetration. Heineken last month reported a 1986 net profit of 285 mln guilders... | HEINEKEN SEES HIGHER PROFITS, WIDER PENETRATION |
Research Industries Corp said it is introducing three additions to its line of cardiovascular specialty products. The company said the products are a patented drainage bicaval cannula for open heart surgery a proprietary catheter for neonatal thoracic surgery and a line of specialized baloon catheter shunts for carotid... | RESEARCH INDUSTRIES <REIC> UNVEILS NEW PRODUCTS |
Orange-Co Inc said shareholders at the annual meeting approved a name change to Stoneridge Resources Inc. The company said yesterday shareholders of American Agronomics Corp <AGR> which acquired Orange-Cos Orange-Co of Florida subsidiary late in 1986 approved a name change to Orange-Co Inc. Reuter | ORANGE-CO <OJ> HOLDERS APPROVE NAME CHANGE |
Qtly div 13-1/2 cts vs 12-1/2 cts prior qtr Pay 12 June Record 21 May Reuter | WALGREEN CO <WAG> VOTES QUARTERLY DIVIDEND |
A Colombia government trade official has urged the business community to aggressively diversify its activities and stop relying so heavily on coffee. Samuel Alberto Yohai director of the Foreign Trade Institute INCOMEX said private businessmen should not become what he called mental hostages to coffee traditionally Col... | COLOMBIA BUSINESS ASKED TO DIVERSIFY FROM COFFEE |
GM SETS MAY 29 SHUTDOWN OF MICHIGAN TRUCK LINE, 2,000 COULD BE LAID OFF | |
Turkey said today its disputes with Greece including rights on the continental shelf in the Aegean Sea should be solved through negotiations. A Foreign Ministry statement said the latest crisis between the two NATO members stemmed from the continental shelf dispute and an agreement on this issue would effect the securi... | TURKEY CALLS FOR DIALOGUE TO SOLVE DISPUTE |
GM SAYS ST. LOUIS TRUCK PLANT TO BE SHUT AUGUST SEVEN | |
Digilog Inc said revenues for the second quarter ended MArch 31 were about 4300000 dlrs up from 3065000 dlrs a year earlier. Reuter | DIGILOG <DILO> SAYS 2ND QTR REVENUES ROSE |
Cuba will continue to develop its economy despite the need to cut imports from hard currency nations by half this year President Fidel Castro said. The Cuban economy is going through a difficult period due mainly to two years of drought low sugar prices a fall in the price of petroleum and the fall in the value of the ... | CUBA TO STIMULATE ECONOMY DESPITE IMPORT CUTS |
Frontier Insurance Group Inc said it is currently negotiating to acquire the business of Medical Quadrangle Inc formerly its largest medical malpractice insurance producer and the business of its other malpractice producer Medical Professional Liability Agency Inc. It gave no details. Reuter | FRONTIER INSURANCE <FRTR> IN ACQUISITION TALKS |
Oper shr 25 cts vs six cts Oper net 840000 vs 139000 Revs 8290000 vs 4743000 Avg shrs 3335029 vs 2400000 Year Oper shr 97 cts vs 53 cts Oper net 2546000 vs 1275000 Revs 28.8 mln vs 18.5 mln Avg shrs 2635665 vs 2400000 NOTE: Net excludes investment gain four cts shr vs loss six cts in quarter and gain five cts vs loss s... | FRONTIER INSURANCE GROUP INC <FRTR> 4TH QTR NET |
The official in charge of agricultural matters in the new round of global trade talks is in Washington today and tomorrow to meet with congressional and Reagan administration officials. Aart de Zeeuw chairman of the General Agreement on Tariffs and Trades negotiating group on agriculture met this morning with members o... | GATT OFFICIAL MEETS WITH U.S. FARM LEADERS |
Shr 39 cts vs not given Net 707000 vs 505000 NOTE: Company went public in July 1986. Reuter | SOUTHINGTON SAVINGS BANK <SSBB> 1ST QTR NET |
Qtly div 12-1/2 cts vs 12-1/2 cts prior qtr Pay 20 May Record 20 April Reuter | CATERPILLAR INC <CAT> VOTES QUARTERLY DIVIDEND |
Walgreen Co said preliminary figures show that its sales for March will be up 11.2 pct over March 1986 when it had 313.4 mln dlrs in sales. Final March retail figures are expected Thursday April 9. It also said it expects a strong Easter selling season. Reuter | WALGREEN <WAG> SEES MARCH SALES UP 11.2 PCT |
Datron Corp said it agreed to merge with GGHF 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 converted into six dlrs a share it said. Datrons officers h... | CORRECTED - DATRON <DATR> AGREES TO BUYOUT |
Shr 62 cts vs 58 cts Qtly div 13-1/2 cts vs 13-1/2 cts prior Net 38.8 mln vs 35.7 mln Revs 1.18 billion vs one billion Six mths Shr 84 cts vs 86 cts Net 52 mln vs 52.9 mln Revs 2.14 billion vs 1.82 billion NOTE: Results include charge of four cts shr for latest six mths vs credit of five cts shr for prior six mths from... | WALGREEN CO <WAG> 2ND QTR FEB 28 NET |
The relatively high level of real U.S. interest rates suggests that there is scope for further declines in money market rates but the Federal Reserve is unlikely to promote such a drop as long as the dollar remains volatile said J.P. Morgan and Co Inc chairman Lewis Preston. He said in response to a reporters question ... | J.P. MORGAN<JPM> SAYS DLR MAY PREVENT FED EASING |
Medtronic Inc said it sees 15 pct growth in sales and earnings for the year ending April 30 1988. At an analysts meeting here the company said that for the year ending April 30 1987 it will earn about 73 mln dlrs or about 5.15-5.35 dlrs a share on sales of about 500 mln dlrs. In the year ago period the company earned 5... | MEDTRONIC <MDT> SEES 15 PCT EARNINGS GROWTH |
International Business Machines Corp said IBM vice president Ray S. AbuZayyad has been named president of its ROLM Corp subsidiary succeeding Dennis D. Paboojian who remains with IBM as a consultant. The company said IBM vice president Paul R. Low has been named president of the IBM General Products Division succeeding... | IBM <IBM> NAMES NEW PRESIDENT FOR ROLM UNIT |
Capital spending in the U.K. Chemical industry is expected to rise to 1.4 billion stg this year a three pct increase on the 1986 level after inflation the Chemical Industry Association said. A further increase to 1.52 billion stg is expected in 1988 but there will be a decline to 1.38 billion in 1989 the association fo... | U.K. CHEMICAL INDUSTRY CAPITAL SPENDING SEEN UP |
Southern California Edison said it signed a 30-year contract with the federal government for hydroelectric power from Hoover Dam. Southern California Edison said it would receive some 277.5 megawatts of electrical power under the contract enough to serve about 160000 homes. Terms of the contract were not disclosed. The... | SOCAL EDISON <SCE> SIGNS HOOVER DAM POWER PACT |
Construction group <Spie Batignolles> is negotiating to increase its holding in U.S. Engineering and electrical installations firm <Comstock>. Spie Batignolles a subsidiary of Schneider SA <SCHN.PA> said in a statement it was negotiating to invest 20 mln dlrs in Comstock in the form of bonds convertible into s... | SPIE BATIGNOLLES COULD INCREASE COMSTOCK HOLDING |
General Motors Corp said it set dates to shut down two of its truck and bus facilities that had been slated for closure. General Motors said its number one line at its Flint Mich. truck and bus assembly plant will be closed May 29. The company said the closing was in line with its announcement last November that it wou... | GENERAL MOTORS <GM> SETS SHUTDOWN DATES |
Discussions on the possible extension of the sixth International Tin Agreement (ITA) began at the quarterly session of the International Tin Council (ITC) but the Council is still waiting for decisions from various member states. A number of producer governments in particular have not decided their final position on wh... | TALKS CONTINUE ON TIN AGREEMENT EXTENSION |
Pakistan is likely to produce a record 7.6 mln bales (375 lbs each) of cotton from the current 1986/87 crop exceeding a target of 7.2 mln bales Food and Agriculture Minister Mohammad Ibrahim Baluch said. He told a Pakistan Central Cotton Committee meeting here the present was the third consecutive poroduction record-se... | PAKISTAN COTTON CROP SEEN RECORD 7.6 MLN BALES |
Shr 54 cts vs 24 cts Net 633300 vs 300859 Sales 15.2 mln vs 13.0 mln Avg shrs 1165047 vs 1224982 Year Shr two dlrs vs 1.64 dlrs Net 2379400 vs 2011924 Sales 58.6 mln vs 54.0 mln Avg shrs 1187828 vs 1223511 Reuter | TRANZONIC COS <TNZ> 4TH QTR FEB 28 NET |
SECURITY PACIFIC EXPECTS BRAZIL LOAN ACTION TO CUT NET BY 7.2 MLN DLRS | |
The White House said high U.S. Tariffs on Japanese electronic goods would likely be imposed as scheduled on April 17 despite an all-out effort by Japan to avoid them. Presidential spokesman Marlin Fitzwater made the remark one day before U.S. And Japanese officials are to meet under the emergency provisions of a July 1... | WHITE HOUSE SAYS JAPANESE TARRIFFS LIKELY |
Controversial plans to pay Western Europes surplus-producing farmers generous cash grants to leave the land ran into problems at todays weekly meeting of the European Community (EC) Commission officials said. They said the 17-member Commission which effectively runs the Community on a day-to-day basis appeared divided ... | EC PLANS FOR CASH PAYMENTS TO FARMERS IMPEDED |
Electrospace Systems Inc said it won two follow up contracts from the U.S. Defense Communications Agency worth 10.7 mln dlrs. The company said the three year contracts are for scientific and technical support at the Center for Command and Control Communications systems. The company has provided the services since 1972.... | ELECTROSPACE <ELE> WINS U.S. DEFENSE CONTRACTS |
Showboat Inc will take a charge of 19 to 20 mln dlrs pretax against results for the third quarter ended March 31 director and assistant to the president J. Kell Houssels III told Reuters. He said the charge results from pre-operating expenses of its recently-opened Atlantic City N.J. Showboat Hotel Casino and Bowling C... | SHOWBOAT <SBO> TO TAKE CHARGE, SEES 3RD QTR LOSS |
Security Pacific Corp said it is placing medium and long-term loans to Brazil and Ecuador on a non-accrual basis as of March 31 a move that will reduce first quarter earnings by 7.2 mln dlrs or nine cts per share after taxes. Despite the anticipated reduction to quarterly earnings Security Pacific said it still expects... | SECURITY PACIFIC <SPC> LOANS PUT ON NON-ACCRUAL |
A British opinion poll showed the ruling Conservative party was still ahead of Labour and the Liberal-Social Democratic Alliance but support appeared to be declining raising the spectre of an inconclusive election result. The Marplan poll to be published in tomorrows Guardian newspaper showed support for the Conservati... | CONSERVATIVE LEAD DROPS IN NEW U.K. OPINION POLL |
GROUP OF FIVE MEETING CONCLUDES, LAWSON, STOLTENBERG DECLINE COMMENT | |
Iraq said today its troops were pushing Iranian forces out of positions they had initially occupied when they launched a new offensive near the southern port of Basra early yesterday. A High Command communique said Iraqi troops had won a significant victory and were continuing to advance. Iraq said it had foiled a thre... | IRAQI TROOPS REPORTED PUSHING BACK IRANIANS |
UAL RISES ON RUMORS THAT CONISTON PARTNERS IS TAKING POSITION IN STOCK, TRADERS SAY | |
Ashton-Tate Corp said it appointed Harry Wong to the newly created position of senior scientist. Wong formerly of the University of Californias Lawrence Berkeley Laboratory will provide technical direction in advanced database architectures and structured query language SQL a computer language. The company also said it... | ASHTON-TATE <TATE> NAMES SENIOR SCIENTIST |
Shr 15 cts vs nine cts Qtly div six cts vs six cts in prior qtr Net 2002261 vs 1168638 Revs 29.2 mln vs 29.3 mln Avg shrs 13.1 mln vs 13.0 mln Nine mths Shr 49 cts vs 36 cts Net 6404536 vs 4623295 Revs 92.2 mln vs 88.2 mln Avg shrs 13.1 mln vs 13.0 mln NOTE: Dividend is payable April 30 to holders of record April 20 Re... | GOLDEN ENTERPRISES INC <GLDC> 3RD QTR FEB 28 NET |
A meeting of finance ministers and central bankers of the Group of Five ended after nearly three and a half hours. West German Finance Minister Gerhard Stoltenberg and British Chancellor of the Exchequer Nigel Lawson declined to comment on the meeting as they emerged from the U.S. Treasury. A European monetary official... | GROUP OF FIVE MEETING ENDS |
Siemens Information Systems Inc a unit of <Siemens AG> of West Germany has reached an agreement in principle with NEC America Inc a unit of NEC Corp of Japan allowing Siemens Informations Tel Plus Communications Inc subsidiary to continue distributing NECs NEAX2400 Information Management System. Siemens Information ... | SIEMENS AG UNIT AND NEC <NIPNY> UNIT IN PACT |
The National Association of Securities Dealers Inc said it set April 15 as the deadline for government securities brokers and dealers to submit applications for registration under new rules. It said the rules apply to unregulated brokers and dealers who must be registered with the Securities and Exchange Commission by ... | NASD SETS FILING DEADLINES FOR BROKERS/DEALERS |
The U.S. Agriculture Department is preparing a proposal that would require all foreign meat products to be inspected at their point of arrival in the United States a USDA official said. Donald Houston administrator of USDAs Food Safety and Inspection Service FSIS told a House Agriculture subcommittee USDA was developin... | USDA TO PROPOSE FOREIGN MEAT INSPECTION RULE |
Union Texas Petroleum said its worldwide proved reserves fell to 511 mln barrels of oil equivalent at the end of 1986 from 555 mln barrels reported in 1985. In its newly released annual report Union Texas said it replaced about 71 pct of its production of 56 mln barrels of oil equivalent last year after taking into acc... | UNION TEXAS OIL RESERVES DROPPED IN 1986 |
UAL Inc may have a response this afternoon to the pilots union proposal to buy its United Airlines unit a UAL spokesman said. Obviously we have a lot of movement in our stock and we need to get a clarification out the spokesman said adding that there was a 50-50 chance a statement would be released today. The pilots ea... | UAL <UAL> MAY RESPOND TO PILOTS TODAY |
Hartmarx Corp following a year of restructuring continues to target record earnings for fiscal 1987 Chairman John Meinert told the annual meeting. Meinert reiterated an earlier comment that earnings for the remainder of the year must double the 1986 level to meet that goal. In fiscal 1986 ended November 30 1986 Hartmar... | HARTMARX <HMX> TARGETS EARNINGS GROWTH |
Analysts at Salomon Brothers Inc say the outlook for stock markets worldwide is postivie although total returns in the U.S. stock market are not expected to exceed 10 pct over the next 12 months. The report by Robert Salomon Jr and Caroline Davenport said that after a strong first quarter which saw U.S. stock market in... | SALOMON <SB> SEES MORE STOCK GAINS WORLDWIDE |
FED'S HELLER SEES RETURN TO SLOWER MONEY SUPPLY GROWTH | |
GENERAL ELECTRIC CO 1ST QTR SHR 1.37 DLRS VS 1.18 DLRS | |
Ghana will import 15000 tonnes of crude oil annually from Iran under an agreement reached in Tehran today the Iranian news agency IRNA reported. The agency received in London said the accord was reached between Iranian Oil Minister Gholamreza Aqazadeh and a visiting Ghanaian delegation headed by Foreign Minister Obed A... | GHANA TO BUY CRUDE OIL FROM IRAN |
<New Hampshire Yankee> said it will submit to the Nuclear Regulatory Commission emergency response plans for the six Massachusetts communities within a 10-mile radius of the Seabrook Station. New Hampshire Yankee a consortium of utility companies said it is filing the plans because it claimed Massachusetts refuses t... | NEW HAMPSHIRE YANKEE TO SUBMIT EMERGENCY PLANS |
Robert Heller a member of the Federal Reserve Board said he expects more modest levels of growth in the money supply this year. In my view this would not only be a logical but also a most desireable development he said in a speech prepared for delivery to an economic forum at Chapman College in Orange Calif. A text was... | FED'S HELLER SAYS MONETARY GROWTH TO BE SLOWER |
Shr 1.37 dlrs vs 1.18 dlrs Net 624 mln vs 537 mln Sales 8.32 billion vs 5.88 billion NOTE: Prior year does not include results of RCA Corp. Reuter | GENERAL ELECTRIC CO <GE> 1ST QTR NET |
CHRYSLER, RENAULT EXTEND BY UP TO 2 WEEKS TIME FOR AMERICAN MOTORS ACCORD | |
NSA Inc said in an attempt to go private and repurchase its shares it is offering to exchange a five year subordinated investment note for each share held by shareholders with more than 600 shares. NSA said the investment note will carry a face value of one dlr and will pay five annual principal installments as well as... | <NSA INC> OFFERS TO REPURCHASE OWN SHARES |
Energy Development Partners Ltd said it had an operating loss for the year ended December 31 of 2.4 mln dlrs or 40 cts per share. But it said a 41.5 mln dlr non-cash writeoff of oil and gas properties taken in the first quarter resulted in a net loss of 43.9 mln dlrs or 7.21 dlrs per share. Energy Development Partners ... | ENERGY DEVELOPMENT <EDP> HAD YEAR LOSS |
Kaufman and Broad Inc said it registered with the Securities and Exchange Commission to offer up to two mln shares of common stock. First Boston Corp and Merrill Lynch Capital Markets will be the underwriters for the offering. Reuter | KAUFMAN AND BROAD <KB> FILE STOCK OFFER |
INDUSTRIAL NATIONS RECONVENE AT U.S. TREASURY FOR FURTHER TALKS | |
Financial ministers and central bankers of leading industrial nations reconvened here this afternoon. Canadian Finance Minister Michael Wilson said on entering the meeting the ministers would review the Paris agreement. Asked if he was satisfied with West German and Japanese stimulus Wilson replied They could do a litt... | INDUSTRIAL NATIONS RECONVENE FOR TALKS |
The U.S. meat and poultry inspection programs are incapable of protecting consumers from contaminated products groups representing inspectors and consumers charged. The whole trend of inspection for the last 10 years has been to corrupt and to degrade the system where today the public is at constant risk to contaminate... | U.S. MEAT, POULTRY INSPECTION CALLED FAULTY |
Chrysler Corp and Regie Natiionale des Usines Renault said they agreed to extend by up to two weeks the period for reaching definitive agreement on Chryslers proposed 1.5 billion dlr takeover of American Motors Corp. The letter of intent signed by Chrysler and Renault on March nine set April nine as the target date for... | CHRYSLER <C> RENAULT DELAY AM MOTORS <AMO> PACT |
GM EXTENDS CASH REBATES ON THREE CARS TO APRIL 30 FROM APRIL SIX |
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