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Perry Drug Stores Inc said its March sales rose 9.3 pct to 60 mln dlrs from 55 mln dlrs in the same month a year ago. Fiscal year-to-date (November through March) sales increased 15 pct to 300 mln dlrs from 261 mln dlrs in the comparable period of fiscal 1986 it said. Reuter | PERRY DRUG <PDS> MARCH SALES UP 9.3 PCT |
Qtly div 16-1/2 cts vs 16-1/2 cts Pay April 27 Record April 20 Reuter | RITE AID CORP <RAD> SETS DIVIDEND |
Shr loss five cts vs loss six cts Net loss 696777 vs loss 598095 Sales 472812 vs 41454 Nine mths Shr loss 15 cts vs loss 17 cts Net loss 2194482 vs loss 1751884 Sales 800336 vs 151884 Reuter | AIRSENSORS INC <ARSN> 3RD QTR JAN 31 LOSS |
Gulf and Western Incs Madison Square Garden Corp subsidiary said it has reorganized into three operating groups including two new groups. The company said its MSG Sports group will continue to operate the New York Rangers National Hockey League team and the New York Knickerbockers National Basketball Association team. ... | GULF AND WESTERN <GW> REORGANIZES UNIT |
<Trizec Corp Ltd> said it completed its previously announced 171.25 mln dlr share offering consisting of five mln Class A subordinated voting ordinary shares at 34.25 dlrs per share. Reuter | TRIZEC COMPLETES OFFERING |
CANADA PLANS TO MONITOR STEEL IMPORTS, EXPORTS, TRADE MINISTER SAYS | |
General Electric Corp said its first quarter results were significantly higher due to the strong results of RCA which was acquired last year. General Electric also attibuted continued strong performances in plastics major appliances and the Employers Reinsurance Corp for its strong quarter. GE recorded net earnings for... | GENERAL ELECTRIC <GE> 1ST QTR HELPED BY RCA |
<Teck Corp> said it was continuing talks about joining a joint copper venture at Highland Valley British Columbia held by affiliates Cominco Ltd <CLT> and <Lornex Mining Corp> but did not know when negotiations would be completed. Teck vice-president of administration John Guminski said in reply to a query tha... | TECK STILL IN TALKS ON B.C. COPPER VENTURE |
Shr 1.08 dlrs vs 1.00 dlr Net 6215538 vs 5757013 Reuter | BANPONCE CORP <BDEP> 1ST QTR NET |
Angered by late flights and complicated restrictions on discount air fares a senator has introduced legislation to make airlines provide more details on fares and schedules in their advertisements. Sen. Frank Lautenberg the bills sponsor said airline ads now are often misleading because they do not give prospective pas... | AIRLINE FARE DISCLOSURE BILL PROPOSED IN SENATE |
E.F. Hutton Group Inc said it is providing financing for the previously announced acquisition of <Virgin Islands Telephone Co> by <Atlantic Tele-Network Co>. Terms of the financing were not disclosed. Virgin Islands Telephone which operates telephone systems in the U.S. Virgin Islands handles about 1.5 mln local ... | E.F. HUTTON <EFH> SETS FINANCES TELEPHONE DEAL |
General Automation Inc said it signed a joint venture with Madrid Spain-based Ingenieria De Sistemas Electronics S.A. The pact establishes General Automation Iberica S.A. as a local manufacturer and master distributor of General Automations ZEBRA multi-user business systems in Spain and Portugal. General Automation Ibe... | GENERAL AUTOMATION <GENA> SETS JOINT VENTURE |
Minnetonka Inc said that neither its Foltene hair treatment nor its European supplier Crinos Industria Farmacobiologica SpA are named or involved in action filed by Upjohn Co. Earlier today Upjohn said it filed a complaint with the International Trade Commission requesting an investigation of infringement of its patent... | MINNETONKA <MINL> NOT PART OF UPJOHN <UPJ> SUIT |
Xebec Corp said it expects to report a loss for its second quarter ended April three due principally to a decline in sales to International Business Machines Corp <IBM> the companys largest customer. Xebec also said it expects revenues to total about 23 mln dlrs. The company reported a second quarter loss last year ... | XEBEC <XEBC> TO REPORT 2ND QTR LOSS |
The Commodity Credit Corporation has accepted a bid for an export bonus to cover a sale of 12500 tonnes of wheat flour to Iraq the U.S. AGriculture Department said. The bonus awarded was 113.0 dlrs per tonne and will be paid to Peavey Company in the form of commodities from CCC stocks. The wheat flour is for delivery M... | CCC ACCEPTS EXPORT BID FOR WHEAT FLOUR TO IRAQ |
Saudi American Bank (SAMBA) will concentrate on treasury activities and be an active market maker in Saudi riyal foreign exchange through the new branch that opened here Shaukat Aziz SAMBA managing director said. He told Reuters that SAMBA also will be active in corporate banking correspondent banking and investment ma... | SAUDI AMERICAN BANK OPENS BRANCH IN LONDON |
Egypt has been authorized to purchase about 200000 tonnes of U.S. wheat under an existing PL-480 agreement the U.S. Agriculture Department said. It may buy the wheat valued at 22.0 mln dlrs between April 15 and August 31 1987 and ship it from U.S. ports by September 30 the department said. Reuter | EGYPT AUTHORIZED TO BUY PL-480 WHEAT - USDA |
Caterpillar Inc in remarks delivered at its annual meeting in San Francisco reiterated its expectation of a loss in the first quarter. It said results would be hurt by a 25 mln dlr one-time charge by Caterpillar Mitsubishi a 50-pct owned affiliate. The company said it expected profit from operations for the full year t... | CATERPILLAR <CAT> REAFFIRMS FIRST QUARTER OUTLOOK |
Mingold Resources a newly formed gold company equally owned by Inspiration Resources Corp <IRC> and <Minorco Canada Ltd> said it plans to be a publicly traded self-financing gold mining company within three to four years. Mingold currently manages Hudson Bay Gold Inc and Farley Gold Inc both wholly owned units of... | INSPIRATION RESOURCES VENTURE PLANS TO GO PUBLIC |
An investor group headed by Minneapolis Minn. broker Jeffrey Wendel said it raised its stake in Zondervan Corp to 292900 shares or 7.1 pct of the total outstanding from 238900 shares or 5.8 pct. In a filing with the Securities and Exchange Commission the Wendel group said it bought 54000 Zondervan common shares between... | BROKER BOOSTS ZONDERVAN <ZOND> STAKE TO 7.1 PCT |
Corvus Systems Inc said it named Lewis Lipton its president and chief operating officer. Lipton had been consulting for Corvus for the past nine months and prior to that was the chief executive officer of Trimedia Corp. He reports to James Siehl who had been acting as president and continues as chief executive officer.... | CORVUS SYSTEMS <CRVS> NAMES NEW PRESIDENT |
<Kiena Gold Mines Ltd> said shareholders approved a previously reported proposed two-for-one common stock split. Record date of the split will be April 21 Kiena said. Reuter | KIENA TWO-FOR-ONE SHARE SPLIT APPROVED |
America West Airlines Inc said its March load factor fell to 58.7 pct from 69.8 pct a year earlier and its year-to-date load factor dropped to 56.6 pct from 60.4 pct during the same period of 1986. March revenue passenger miles rose to 422.1 mln from 280 mln and year-to-date revenue miles were up to 1.15 billion from 7... | AMERICA WEST <AWAL> REPORTS LOWER LOAD FACTOR |
Hanover Insurance Co said its board declared a quarterly dividend of nine cts per share payable May 15 to holders of record April 17. The dividend comes after a two-for-one stock split effective April 10 which was approved by shareholders today. The company paid a dividend of 14 cts per share on a pre-split basis. Reut... | HANOVER INSURANCE <HINS> RAISES DIVIDEND |
Day International Corp said it has entered into a letter of intent to sell its Allen Industries Inc unit to a group including the units current management. Day said the sale could enable Day to accelerate its earnings for its current fiscal year ending October 31 1987. Net earnings for the full year (ending October 31)... | DAY INT'L <DAY> TO SELL UNIT |
Kansas Power and Light Co said it named David Black as chief executive officer. It said he will succeed William Wall after the May Five annual meeting. It said Black is the companys senior vice president law. Reuter | KANSAS POWER/LIGHT <KAN> NAMES CHIEF EXECUTIVE |
Qtly div 16.5 cts vs 16.5 cts Pay April 27 Record April 20 Reuter | RITE AID CORP <RAD> SETS QUARTERLY DIVIDEND |
U.S. Secretary of State George Shultz said the Marines spy case had cast a heavy shadow over his scheduled talks in Moscow next week. Unfortunately as is so often the case when we are in the midst of potentially promising discussions with the Soviets the discussions take place in a difficult environment generated by th... | SHULTZ SAYS "SHADOW" CAST OVER HIS USSR VISIT |
GROUP OF 24 CALLS FOR DEBT RELIEF AND "NEW ATTITUDE" BY BANKS | |
The European <Airbus Industrie> consortium today formally signed an agreement with the Franco-U.S. Group <CFM International> for an improved version of the CFM56-5 engine to power the A340-200 and A340-300 aircraft an Airbus statement said. Airbus said yesterday that it chosen the CFM56-5-S3 engine to be produced... | AIRBUS SIGNS ACCORD ON CFM ENGINE FOR A340 PLANE |
South Koreas purchase of about 2.4 mln tonnes of U.S. corn in the past six months -- close to double last years total -- indicates that imports from the United States as well as total imports are set for a dramatic jump the U.S. Agriculture Department said. In its World Production and Trade Report the department said t... | SOUTH KOREA CORN IMPORTS MAY INCREASE - USDA |
The Group of 24 developing countries said in a communique that some kind of debt relief is necessary and called for a new attitude on the part of the banks. The communique released in conjunction with the semiannual meetings of the International Monetary Fund and the World Bank said the very low income countries needed... | GROUP OF 24 COUNTRIES CALLS FOR DEBT RELIEF |
the Peruvian government decreed that a wide range of firms would have to earmark between 20 and 30 pct of their 1986 net profits to buy treasury bonds this year. A presidential decree said that banking financial and insurance firms as well as bottling and tobacco industries with 1986 sales of more than 1.6 mln intis wo... | PERU DECREES FIRMS SHOULD BUY TREASURY BONDS |
All steers imported into the United States from Mexico must now be branded with the letter M on the right jaw the U.S. Agriculture Department said. In its World Production and Trade Report the department said the branding is necessary to improve surveillance for bovine tuberculosis because it provides a permanent way t... | MEXICAN CATTLE IMPORTS TO BE BRANDED - USDA |
General Motors Corps Chevrolet Motor Division said it extended its cash rebates to April 30 on three of its cars and to June 30 on a fourth. A fifth car the Cavalier was dropped from the program after rebates on all five cars expired April six. Terms of the program were not changed. The Chevrolet division said buyers o... | GENERAL MOTORS <GM> EXTENDS CHEVROLET REBATES |
Vulcan Corps first quarter operating results will show a loss Chairman Lloyd I. Miller told told the annual meeting. The company reported a profit of 365883 dlrs 23 cts a share for the first quarter last year with one cent a share coming from non-operating factors a spokesman said. Miller attributed the expected loss t... | VULCAN <VUL> SEES FIRST QUARTER OPERATING LOSS |
Detroit Edison Co is raising 400 mln dlrs through a two-tranche offering of general and refunding mortgage bonds said sole manager Morgan Stanley and Co Inc. A 175 mln dlr issue of bonds due 1997 was given an 8-3/4 pct coupon and priced at 99.375 to yield 8.845 pct or 128 basis points over comparable Treasury securitie... | DETROIT EDISON <DTE> SELLS BONDS IN TWO TRANCHES |
UAL Inc citing company policy told the New York Stock Exchange it would not comment on the unusual rise in its stock. UAL parent of United Airlines closed up 6-1/4 at 72 on volume of 3.9 mln shares. Wall Street traders said UALs stock soared in response to the the proposed 4.6 billion dlr buyout offer by United Airs pi... | UAL <UAL> HAS NO COMMENT ON STOCK RISE |
Shr loss 1.11 dlrs vs loss 1.53 dlrs Net loss 7.1 mln vs loss 8.8 mln Revs 3.1 mln vs eight mln Reuter | STRATA CORP <STATA> YEAR DEC 31 LOSS |
Strata Corp said its 1986 earnings report contained a qualified opinion from its independent auditors. Strata said it owed 1.4 mln dlrs in overdue interest to its lender at the end of 1986 and the entire 10.9 mln dlr principle has been classified as a liability. The company which has an agreement to merge with <Loma... | STRATA <STATA> 1986 EARNINGS REPORT QUALIFIED |
The Federal Home Loan Bank Board of New York said mortgage loans acquired by member institutions in 1986 rose 54 pct from the prior record made in 1985. Fouth-quarter mortgage lending by the 98 New York thrifts required to report was nearly 75 pct above the lending volume of the same 1985 period. Mortgage loans acquire... | N.Y. THRIFTS HAD RECORD MORTGAGE LOANS IN 1986 |
VMS Short Term Income Trust said it agreed to commit to fund a 1.8 mln dlrs loan increase for 1420 K Street a 12-story 60000 square foot office building in Washington D.C. The trust previously approved a 2.9 mln dlr loan for the property making the total loan 4.7 mln dlrs. VMS said the increased financing will have an ... | VMS SHORT TERM <VST> TO FUND LOAN INCREASE |
Qtly div 23 cts vs 23 cts prior qtr Pay 10 June Record 20 May Reuter | DAYTON HUDSON CORP <DH> VOTES QUARTERLY PAYOUT |
Qtly div 20 cts vs 20 cts in prior qtr Payable June 10 Record May 22 Reuter | VULCAN CORP <VUL> REGULAR DIVIDEND |
President Reagan has agreed to let the House and Senate select committees investigating the Iran arms sale review his personal diary notes on the affair committee members said today. The notes will cover the period from January 1 1984 to December 19 1986 when the Iran arms deal was planned and carried out and will incl... | REAGAN TO ALLOW REVIEW OF HIS NOTES ON IRAN |
NAT'L DISTILLERS SAYS IT AGREES TO SELL SPIRITS UNIT FOR 545 MLN DLRS TO AMERICAN BRANDS | |
The U.S. Agriculture Department is seeking public comments on the question of adjusting the Commodity Credit Corporations (CCC) discount and premium schedules to improve the quality of grain it accepts as loan collateral or under price support programs. The premiums and discounts schedule are based on quality factors s... | USDA SEEKS COMMENTS ON GRAIN DISCOUNT SCHEDULE |
Brazil has a foreign debt of 110.6 billion dlrs according to the latest official figures released by the Central Bank. The figure published in the Central Banks quarterly review Brazil Economic Program refers to the situation in December 1986. The Central Bank said the registered medium and long-term debt was 101.54 bi... | BRAZILIAN FOREIGN DEBT REACHES 110.6 BILLION DLRS |
MCF Financial Corp said it filed a registration statement with the Securities and Exchange Commission covering a proposed initial public offering of 1075000 common shares. MCF said proceeds from the offering will be used to repay debt to purchase loan participation interests and for working capital. MCF is engaged in t... | MCF FINANCIAL PLANS INITIAL PUBLIC OFFERING |
<Cascade Importers Inc USA>s Cascade International Europa GmbH of West Germany said it tentatively acquired worldwide rights for the products of Madam Gre from the Bernard Tapie Group in Paris. The agreement calls for Cascade to have the rights for the manufacturing and trading of perfumes skin care and treatment pr... | CASCADE IMPORTERS UNIT ACQUIRES PARIS COMPANY |
Oper shr loss 79 cts vs loss 2.32 dlrs Oper net loss 2536896 vs loss 6562472 Revs 13.8 mln vs 14.5 mln Year Oper shr loss 59 cts vs loss 2.35 dlrs Oper net loss 1712896 vs loss 5747472 Revs 43.6 mln vs 44.2 mln NOTE: 1986 excludes charge of 12 cts per share in the fourth quarter and gain of 11 cts per share in the year... | ARMEL INC <AML> 4TH QTR LOSS |
National Distillers and Chemical Corp said it signed a definitive agreement to sell its spirits division for 545 mln dlrs to James Beam Distilling Co a unit of American Brands Inc <AMB>. The sale of the spirits division was made under the companys previously announced plan to sell its spirits and wines businesses it... | NATIONAL DISTILLERS <DR> TO SELL SPIRITS UNIT |
Management Science America Inc clarifying statements made earlier today said its loss for the first quarter could exceed 20 cts a share because of non-recurring expenses associated with the acquisition of several companies including Comserv Inc. Earlier today the company told a meeting of investors here that the first ... | MANAGEMENT SCIENCE <MSAI> LOSS MAY TOP 20 CTS |
The Federal Reserve will promote lower interest rates this year to sustain world economic growth First Boston Corp managing director Albert Wojnilower said. As much as the Fed would like to take a tough line against inflation it cannot act to slow the growth of credit without subverting national U.S. economic policy. O... | WOJNILOWER SEES DROP IN U.S. INTEREST RATES |
Raytech Corp said it acquired <Raybestos Industrie-Produkte GmBH> for 7.5 mln dlrs. Raybestos with manufacturing facilities in Radevormwald West Germany produces friction materials for use in clutch and braking applications. Reuter | RAYTECH <RAY> BUYS WEST GERMAN COMPANY |
Intercare Inc said it expects to report a substantial loss for its fourth quarter ended January 31 because of a writeoff of expenses associated with its recently terminated debt and equity offering. The company also said the write off includes expenses associated with the acquisition of U.S. Medical Enterprises Inc and... | INTERCARE <CARE> TO POST 4TH QTR LOSS |
Canada plans to monitor steel shipments flowing in and out of the country in an attempt to appease concerns in the U.S. over the high level of Canadian steel exports Trade Minister Pat Carney said. To help maintain our open access to the U.S. steel market the government is taking further action to ensure we have more a... | CANADA TO MONITOR STEEL IMPORTS, EXPORTS |
United Technologies Corp said the decision by an international consortium not to develop a new engine would have no impact on 1987 or 1988 earnings. <International Aero Engines> IAE 30 pct owned by United Technologies Pratt and Whitney division has decided not to launch a superfan version of its V2500 engine. Weve t... | UNITED TECH <UTX> SEES NO EARNINGS IMPACT |
Shr profit 72 cts vs profit 14 cts Net profit 3309000 vs profit 609000 Revs 72 mln vs 65 mln Year Shr nil vs loss 4.13 dlrs Net profit 1000 vs loss 19 mln Revs 249 mln vs 269 mln NOTE: Full name Stewart and Stevenson Services Inc. Reuter | STEWART AND STEVENSON <SSSS> 4TH QTR NET |
Canada plans to offer a three-part bond issue Tuesday April 14 which will be dated and delivered May 1 the finance department said. The issue will have a mid-term bond a bond due in about 10 years and a long term bond. Further details including the amount being offered will be announced Monday. The deparment said 650 m... | CANADA PLANS NEW BOND ISSUE APRIL 14 |
General Electric Cos RCA Global Communications said it now offers RCA THRUFAX a service that delivers telex messages to facsimile terminals. No special equipment or extra cost is required to receive telex messages but the facsimile terminal must be registered - without charge - with RCA the company said. The company sa... | GENERAL ELECTRIC <GE> UNIT OFFERS NEW SERVICE |
Centocor Inc said it entered into an agreement with <Ajinomoto Co Inc> for the exclusive distribution of Centocors Panorex in Japan. Panorex is a monoclonal antibody made through recombinant gene technology for the treatment of pancreatic cancer. It has been tested in humans in Europe and the U.S. since 1982. Centoc... | CENTOCOR <CNTO> IN PACT WITH AJINOMOTO |
G-24 MINISTERS SAY DEBT CRISIS ENTERING NEW AND DANGEROUS PHASE | |
<Century Bancorp Inc> said it filed for an initial public offering of 1.6 mln shares of Class A common shares through an underwriting group managed by Moseley Securities Corp. The company said the Class A shares are non-voting except under certain limited conditions. Reuter | CENTURY BANCORP FILES FOR STOCK OFFERING |
Shr 98 cts vs 63 cts Net 2602000 vs 1571000 Loans 834.8 mln vs 729.0 mln Deposits 1.04 billion vs 942.1 mln Assets 1.15 billion vs 1.02 billion Reuter | WESTAMERICA BANCORP <WAB> 1ST QTR NET |
The Senate unanimously approved legislation to lift a ban on new construction of natural gas-fired power plants and other large industrial gas-burning plants. The bill sponsored by Senate Energy Committee chairman Bennett Johnston also repeals mandatory incremental pricing of natural gas which was designed to protect r... | U.S.SENATE LIFTS SOME BANS ON NATURAL GAS |
The value of U.S. farmland declined again last year but less than in the previous year the U.S. Agriculture Department said. In a summary of its Agricultural Resources Report the department said on February 1 1987 the average value per acre of farmland stood at 548 dlrs down eight pct from a year earlier. Values droppe... | U.S. FARM LAND VALUE DECLINE MODERATES--USDA |
Following the lead of other major banks Southeast Banking Corp told the Securities and Exchange Commission it would place 54.2 mln dlrs of medium- and long-term Brazilian debt on non-accrual or cash status. Based on current interest rates it estimated in a filing that the move will reduce net income by about 800000 dlr... | SOUTHEAST BANCORP <STB> ACTS ON BRAZILIAN DEBT |
Williams Cos said it expected oil and fertilizer transportation volumes to be flat in 1987 but said operating profits from the pipeline unit should improve from 49.4 mln dlrs earned last year when a seven mln dlr special charge was incurred. Williams Pipeline Co took the charge against earnings in 1986 for the removal ... | WILLIAMS <WMB> SEES FLAT PIPELINE VOLUMES IN 1987 |
Shr 38 cts vs 25 cts Net 28339000 vs 18650000 Sales 2.27 billion vs 1.97 billion Avg shrs 74485000 vs 74270000 Year Shr 1.20 dlrs vs 1.23 dlrs Net 89301000 vs 91247000 Sales 9.07 billion vs 7.91 billion Avg shrs 74387000 vs 74184000 NOTE: 1986 period ended February 22 1986 1986 earnings include net loss of unconsolidat... | SUPER VALU STORES INC <SVU> 4TH QTR FEB 28 NET |
Shr loss 70 cts vs loss 57 cts Net loss 20616000 vs loss 16854000 Revs 23.1 mln vs 60.1 mln Six mths Shr loss 1.38 dlrs vs loss 1.02 dlrs Net loss 40780000 vs loss 29996000 Revs 61.0 mln vs 114.9 mln Reuter | PARKER DRILLING CO <PKD> 2ND QTR FEB 28 LOSS |
Ministers from the Group of 24 developing coutries said that the debt crisis was entering a new and dangerous phase and called for the formation of a ministerial committee to examine solutions to the problem. In a statement following a meeting of the ministers they said that the existing (debt) strategy offers no prosp... | G-24 SAYS DEBT CRISIS ENTERING NEW PHASE |
International coffee prices could drop to between 70 and 80 cents a lb by next October if no agreement is reached to support the market Jorge Cardenas manager of Colombias National Coffee Growers Federation said. Speaking at a forum for industrialists he said one of the reasons was that the market was already saturated... | COFFEE COULD DROP TO 70/80 CTS, CARDENAS SAYS |
Pan American Corps Pan Am World Airways said it will begin daily service tomorrow from Atlanta to New York Washington and Miami. The company said it will offer the flights for 49 dlrs between April 9 and May 9. The 49 dlr fare is unrestricted but is capacity controlled Pan Am said. Pan Am said the flights are timed to ... | PAN AM <PN> UNIT SETS INTRO FARE TO ATLANTA |
Standard and Poors Corp said it is keeping 230 mln dlrs of debt of Caesars World Inc and Caesars World Finance Corp on creditwatch with negative implications. S and P cited Caesars Worlds proposed recapitalization plan that calls for incurring one billion dlrs of bank and other debt to finance a 25 dlr per share specia... | CAESARS WORLD <CAW> STAYS ON S/P WATCH, NEGATIVE |
Phoenix Financial Corp said that in connection with its previously announced reorganization its board of directors resigned. Resigning as directors officers and employees of the company were Mary Anne Cossa Thomas C. Amendola and James J. OMaller the company said. It said Martin S. Ackerman and Joel Yonover both attorn... | PHOENIX FINANCIAL <PHFC> BOARD RESIGNS |
Engineered Systems and Development Corp said Wells Fargo and Cos <WFC> Wells Fargo Bank has demanded immediate payment of a 1750000 dlr loan made to Engineereds Seaborn Development Inc unit under a revolving credit arrangment that expired on April 30 1986. The company said Wells Fargo has also said it will sue to co... | ENGINEERED SYSTEMS <ESD> UNIT GETS LOAN NOTICE |
Summa Medical Corp said it intends to file a prospectus with the Securities and Exchange Commission outling a commitment for a six mln dlr financing signed yesterday. Summa said it expects the filing to take place before April 24. Reuter | SUMMA <SUMA> TO FILE FOR FINANCING COMMITMENT |
HBO and Co said it sent a letter of strongly urging shareholders not to sign any proxy cards sent by Andover Group. ON March 30 Andover Group a two-man general partnership which owns about seven pct of HBOs stock filed preliminary proxy materials with the Securities and Exchange Commission seeking to nominate an altern... | HBO <HBOC> URGES SHAREHOLDERS AGAINST ANDOVER |
Shr 51 cts vs 56 cts Net 5645000 vs 6153000 Revs 45.9 mln vs 45.3 mln Reuter | (CFCF INC) SIX MTHS FEB 28 NET |
<UAP Inc> said it has acquired Slater Auto Electric Ltd with two Ontario stores and United Diesel Engine Parts Ltd of Dartmouth Nova Scotia for undisclosed terms. It said the transactions together with acquisitions earlier this year will increase its annual sales by about 4.5 mln dlrs. Reuter | UAP MAKES ACQUISITIONS |
Greece accused Turkish warplanes of infringing the Athens Flight Information Region (FIR) in the Aegean Sea three times. The Defense Ministry said the Turkish intrusions took place over the islands of Chios Samos Lesbos and Lemnos. The planes were identified and intercepted by Greek fighters it said. Greece has charged... | GREECE ACCUSES TURKEY OF AIR SPACE INFRINGEMENTS |
EIA SAYS DISTILLATE STOCKS UNCHANGED, GASOLINE OFF 200,000, CRUDE UP 6.3 MLN | |
The following proposed securities offerings were filed recently with the Securities and Exchange Commission: First Interstate Bancorp <I> - Shelf offering of up to 112 mln dlrs of debt securities including notes and debentures on terms to be determined at the time of the sale. Pacificorp Credit Inc subsidiary of Pac... | PROPOSED OFFERINGS RECENTLY FILED WITH THE SEC |
The U.S. Agriculture Department is currently discussing an amendment to a PL 480 agreement signed with Morocco on January 22 but the mix of commodities under the amendment has not been determined a U.S. Agriculture Department official said. The official noted the agreement signed in January provided for the supply of a... | USDA DISCUSSING PL 480 AGREEMENT WITH MOROCCO |
<Thorn-EMI PLC> said the New York Supreme Court dismissed six of the nine actions in a suit filed by the Beatles for royalties on their songs. It said the court dismissed charges of fraud and conversion and claims of 50 mln dlrs in punitive damages sought by the companies <Apple Records Inc> <Apple Corps Ltd> ... | THORN-EMI WINS U.S. RULING IN BEATLES SUIT |
The negotiating committees for the United Steelworkers of America and LTV Corp said they have begun intensive negotiations and have made a firm commitment to successfully conclude these negotiations by May one. They said the talks will cover issues related to termination of pension plans by the Pension Benefit Guaranty... | LTV <QLTV> AND STEELWORKERS BEGIN NEGOTIATIONS |
Distillate fuel stocks held in primary storage were unchanged in the week ended April three at 106.9 mln barrels the Energy Information Administration (EIA) said. In its weekly petroleum status report the Department of Energy agency said gasoline stocks were off 200000 barrels in the week to 248.1 mln barrels and refin... | EIA SAYS DISTILLATE STOCKS UNCHANGED IN WEEK |
Hawkeye Bancorps 1986 annual financial results were qualified by its auditors according to the annual report. ...there are conditions which may indicate that the company will be unable to continue as a going concern auditors Deloitte Haskins and Sells said in Hawkeyes annual report to shareholders. Hawkeye reported a 1... | HAWKEYE <HWKB> 1986 ANNUAL REPORT QUALIFIED |
 CORRECTION - PHILADELPHIA ELECTRIC <PE> NUCLEAR In Philadelphia story headlined Philadelphia Electric Nuclear Cost Estimate ... please read in first paragraph ... Philadelphia Electric Co will have to spend an average of about five mln dlrs a month to replace the electricity which would have been generated by t... | |
Standard and Poors Corp said that corporate credit quality stabilized in the first quarter of the year even though downgrades outpaced upgrades. S and P said it reduced 79 debt ratings affecting 63 billion dlrs of debt securities and raised 28 ratings affecting 12 billion dlrs of debt. However the rating agency pointed... | S/P SEES STABLE CREDIT QUALITY IN FIRST QUARTER |
Shr 33 cts vs 37 cts Net 2051000 vs 1.8 mln Assets 1.7 billion vs 1.5 billion Deposits 1.4 billion vs 1.2 billion Loans 1.1 billion vs 900 mln Note: Year-ago results restated to reflect merger with Colson Inc. Reuter | <WASHINGTON BANCORPORATION> 1ST QTR NET |
Dome Petroleum Ltds proposal to restructure debt of more than 6.10 billion Canadian dlrs includes provisions that may force the company to sell its 42 pct stake in <Encor Energy Corp Inc> Dome said in a U.S. Securities and Exchange Commission filing. Dome said in the filing that its debt plan proposes making payment... | DOME <DMP> PLAN MAY FORCE SALE OF ENCOR STAKE |
Petroleos de Venezuela S.A. signed a letter of intent with Agip Carbone and Arco Coal Co a unit of Atlantic Richfield Co <ARC> to exploit the coal deposits at Guasare in western Zulia state PDVSA officials said. The Carbozulia project will include open-pit mining of the low sulphur content coal as well as the constr... | PDVSA SIGNS WITH AGIP, ARCO FOR COAL PROJECT |
U.S. oil demand as measured by products supplied fell 2.6 pct in the four weeks ended April three to 15.73 mln barrels per day (bpd) from 16.16 mln in the same period a year ago the Energy Information Administration (EIA) said. In its weekly petroleum status report the Energy Department agency said distillate demand wa... | RECENT U.S. OIL DEMAND OFF 2.6 PCT FROM YEAR AGO |
Financial analysts say they are pleased with congressional moves to trim next years federal budget deficit but believe the actions will do little to help improve the U.S. trade deficit or buoy the economy. The House of Representatives is expected to vote tomorrow to approve a trillion-dollar budget blueprint for the co... | DEFICIT CUTS SEEN UNABLE TO CURE TRADE DEFICIT |
Ford Motor Co said it has extended to April 30 its buyer incentive program on 1986 and 1987 Ford Escort and Tempo and Mercury Lynx and Topaz. Consumers will have a choice of 3.9 pct to 9.9 pct annual percentage rate financing or a cash rebate of up to 600 dlrs. Earlier Ford extended its incentive program to April 30 on... | FORD <F> EXTENDS BUYER INCENTIVE PROGRAM |
4th qtr ended Jan 31. Shr profit 72 cts vs profit 14 cts Net profit 3309000 vs 609000 Revs 72 mln vs 65 mln Year Shr profit nil vs loss 4.13 dlrs Net profit 1000 vs loss 19 mln Revs 245 mln vs 269.1 mln Reuter | STEWART AND STEVENSON SERVICES <SSSS> 4TH QTR |
Robert A. Alexander resigned yesterday as chairman president and director of ORS Corp following his conviction in the United States District Court in Tulsa of seven counts of mail and wire fraud the company said. The company which will appoint an interim president said Alexander plans to appeal the conviction. The comp... | ORS <ORSC> CHAIRMAN RESIGNS AFTER CONVICTION |
Shr 98 cts vs 63 cts Net 2602000 vs 1571000 Assets 1.15 billion vs 1.02 billion Deposits 1.04 billion vs 942.1 mln Loans 834.8 mln vs 729.0 mln Return on avg assets 0.92 pct vs 0.63 pct Reuter | WESTAMERICA BANCORPORATION <WSAM> 1ST QTR NET |
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