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F. W. Woolworth Co said sales for the five weeks ended april 4 rose 0.2 pct to 591 mln dlrs from 590 mln dlrs. Domestic sales decreased 4.4 pct to 355 mln dlrs from 371 mln dlrs and foreign sales expressed in U.S. dlrs rose 7.9 pct the company said. If foreign exchange rates had remained constant foreign sales would ha... | F. W. WOOLWORTH <Z> MARCH SALES UP 0.2 PCT |
Shr 70 cts vs 42 cts Net 2918000 vs 1746000 Sales 68.3 mln vs 53.5 mln NOTE: 1987 net includes pretax gain 400000 dlrs from change in pension accounting. 1987 results include Production Graphics Corp and Systems Technology and Weapons System Test Divisions of NEw Technology Inc acquired December 30 1986. Reuter | REXHAM CORP <RXH> 1ST QTR NET |
Shr 50 cts vs 47 cts Net 3445000 vs 3193000 NOTE: Share adjusted for two-for-one stock split in January 1987. Reuter | FIRST EASTERN CORP <FEBC> 1ST QTR NET |
The Federal Home Loan Bank Board adjusted the rates on its short-term discount notes as follows: MATURITY NEW RATE OLD RATE MATURITY 30-174 days 5.00 pct 5.00 pct 30-87 days 175-190 days 5.85 pct 5.82 pct 88-103 days 191-270 days 5.00 pct 5.00 pct 104-179 days 271-288 days 5.92 pct 5.85 pct 180-205 days 289-360 days 5.... | FHLBB CHANGES SHORT-TERM DISCOUNT NOTE RATES |
Anchor Financial Corp said it has agreed to acquire Waccamaw State Bank of Surfside Beach S.C. in an exchange of 1.435 Anchor shares for each Waccamaw share subject to regulatory and shareholder approvals. Waccamaw had assets of 22.8 mln dlrs as of March 31. Reuter | ANCHOR FINANCIAL <AFCX> TO MAKE ACQUISITION |
West German Finance Minister Gerhard Stoltenberg said he was not surprised by the overnight decline of the dollar in foreign exchange markets. Speaking briefly with reporters before entering a meeting of the International Monetary Fund he said These minor movements dont really affect us. The dollar declined in the init... | STOLTENBERG NOT SURPRISED BY DOLLAR REACTION |
Asarco Inc said it is increasing its base spot sales price for refined lead by one-half cent to 26.50 cents a lb FOB delivered in carload lots effective immediately. Reuter | ASARCO UPS U.S. LEAD PRICE 0.50 CT TO 26.50 CTS |
French government ministers will meet next Tuesday to discuss measures to cover the state Social Security Funds deficit before the summer Prime Minister Jacques Chiracs social affairs adviser Marie-Helene Berard said. Employment Ministry officials say the fund in surplus until 1985 faces a 24 billion franc deficit by t... | FRANCE PLANS TO COVER SOCIAL SECURITY DEFICIT |
E.F. Hutton LBO Inc said the tender offer by its wholly owned unit PC Acquisition Inc for Purolator Courier Corp <PCC> expired at 2400 EDT yesterday without the purchase of any Purolator common stock. Hutton added that PC Acquisition also terminated its merger agreement with Purolator. Hutton said the offer which ha... | E.F. HUTTON <EFH> UNIT'S PUROLATOR OFFER EXPIRES |
ABBOTT LABORATORIES 1ST QTR NET SHR 62 CTS VS 52 CTS | |
Indias national foodgrain target has been fixed at 160 mln tonnes in 1987/88 (Apr-Mar) unchanged from the 1986/87 target the Agriculture Ministry said in its annual report for 1986/87. Actual output was estimated at 151 mln tonnes in 1986/87 due to failure of monsoon rains in 15 out of 35 meterological sub-divisions of... | INDIA FOODGRAIN TARGET 160 MLN TONNES IN 1987/88 |
Certificated cotton stocks deliverable on the New York Cotton Exchange No 2 cotton futures contract as of April 8 were reported at 34661 bales down 421 bales from the previous days figure. There were no bales awaiting review and 1218 bales awaiting decertification. Reuter | CERTIFICATED COTTON STOCKS |
Reichhold Chemical Inc said its board adopted a warrant dividend plan in which one preferred stock purchase right will be distributed as a dividend on each common share outstanding. The company said its warrant dividend plan is designed to protect its shareholders against unsolicted coercive attempts to aquire control ... | REICHHOLD CHEMICAL <RCI> SETS ANTI-TAKEOVER PLAN |
Shr 62 cts vs 52 cts Net 142.0 mln vs 123.0 mln Sales 1.00 billion vs 865.0 mln Reuter | ABBOTT LABORATORIES INC <ABT> 1ST QTR NET |
International Proteins Corp said it has agreed to sell in a private placement 330000 common shares at 11.75 dlrs a share to a U.S. subsidiary of Hanson Trust Plc. In addition David Clarke the president of another Hanson Trust subsidiary Hanson Industries will be named chairman of International Proteinss executive commi... | HANSON <HAN> TO BUY INT'L PROTEIN <PRO> STOCK |
Egypt bought 125723 tonnes of U.S. wheat flour in its PL 480 tender yesterday trade sources said. The purchase included 51880 tonnes for May shipment and 73843 tonnes for June shipment. Price details were not available. Reuter | EGYPT BUYS PL 480 WHEAT FLOUR - U.S. TRADERS |
Spain had a 35 mln dlr current account surplus in February compared with a 68 mln dlr surplus in January and a 355 mln dlr surplus in February last year Bank of Spain figures show. Spains trade deficit narrowed to 581 mln dlrs compared with 664 mln dlrs in January but the large increase in non-oil imports contributed t... | SPAIN HAS 35 MLN DLR CURRENT SURPLUS FEBRUARY |
Indias oilseed output is expected to rise to 12.25 mln tonnes in 1986/87 ending October up on 11.15 mln in 1985/86 but down from 12.95 mln harvested in 1984/85 the Agriculture Ministrys 1986/87 report said. But the forecast for 1986/87 is well below a target of 14.8 mln tonnes fixed for the year it said adding bad weat... | INDIA OILSEED OUTPUT FORECAST TO RISE |
<Zenex Oil Pty Ltd> said it acquired the interests of Esso South Africa the local subsidiary of Exxon Corp <XON) and will use up to 20 mln rand in profits to finance educational and social programs. The profit scheme will begin after Zenex has paid Exxon an undisclosed purchase price for Esso Zenex chairman John ... | EXXON <XON> SOUTH AFRICAN UNIT ACQUIRED BY ZENEX |
Britain France and other European nations will make a strong plea in high-level meetings today for urgent debt relief for the very poorest countries European monetary sources said. The request will be put to the International Monetary Funds policy-making Interim Committee which meets here as part of semi-annual IMF and... | UK, FRANCE TO URGE DEBT RELIEF FOR POOREST LANDS |
Commonwealth Edison Co filed with the Securities and Exchange Commission for the sale of 375 mln dlrs in first mortgage bonds. It said the proceedings would be used to discharge or refund outstanding obligations. No underwriter was named. Reuter | COMMONWEALTH EDISON <CWE> FILES DEBT OFFER |
The Student Loan Marketing Association said its rates on short-term discount notes were as follows: MATURITY NEW RATE OLD RATE MATURITY 5-14 days 5.80 pct 5.75 pct 5-14 days 15-360 days 5.00 pct 5.00 pct 15-85 days 5.80 pct 86-91 days 5.00 pct 92-176 days 5.83 pct 177-183 days 5.00 pct 184-360 days Reuter | SALLIE MAE ADJUSTS SHORT-TERM DISCOUNT NOTE RATES |
The Federal Home Loan Mortgage Corp adjusted the rates on its short-term discount notes as follows: MATURITY RATE OLD RATE MATURITY 33 days 6.00 pct 6.00 pct 33 days Reuter | FREDDIE MAC ADJUSTS SHORT-TERM DISCOUNT RATES |
ARGENTINE GRAIN BELT TEMPERATURES (CENTIGRADE) AND RAIN (MM) IN THE 24 HOURS TO 12.00 GMT WERE: ...............MAX TEMP..MIN TEMP..RAINFALL BUENOS AIRES.......24.......12............0 BAHIA BLANCA.......22........7............0 TRES ARROYOS.......22........8............0 TANDIL.............22........7............0 JUNI... | ARGENTINE GRAIN BELT WEATHER REPORT |
Losses for Volkswagen AG <VOWG.F> VW linked to an alleged foreign currency fraud will not exceed the 480 mln marks provision already made a VW spokesman said. The spokesman was commenting after VW had confirmed it would pay an unchanged 10 mark dividend for ordinary shares on 1986 business despite the provision. One... | VW SAYS 480 MLN MARKS MAXIMUM FOR CURRENCY LOSSES |
Yugoslavia will tender April 14 for 100000 tonnes of wheat the U.S. Agriculture Departments Counselor in Belgrade said in a field report. The report dated April 7 said the wheat must be from 1986 and 1987 harvest and imports of soft wheat from Europe and from other suppliers will not be considered. It said the imports ... | YUGOSLAVIA TO TENDER FOR 100,000 TONNES WHEAT |
FEDERATED DEPARTMENT STORES MARCH SALES UP 4.9 PCT | |
Prices were lower at this weeks coffee auction for all grades and qualities except better quality AB grades which held steady the Coffee Board of Kenya said. The board said it offered 35000 bags and sold 32876. So far this coffee year Kenya has sold 918707 bags to all markets of which 326182 are for the 1986/7 pool wit... | PRICES GENERALLY LOWER AT NAIROBI COFFEE AUCTION |
Alex. Brown Inc said it has declared a three-for-two stock split payable May 29 record May 22. The company also said it has filed to offer 912000 common shares including 162000 to be sold by a shareholder with company proceeds to be used for working capital and general corporate purposes. Its Alex. Brown and Sons Inc s... | ALEX. BROWN <ABSB> SETS SPLIT, TO OFFER SHARES |
Jamesway Corp said sales for the five weeks ended April Four were up 15 pct to 54.1 mln dlrs from 47.1 mln dlrs a year before with same-store sales up four pct. The company said sales for the first nine weeks of its fiscal year were up 14 pct to 85.8 mln dlrs from 75.1 mln dlrs a year before with same-store sales up fo... | JAMESWAY <JMY> MARCH SALES UP 15 PCT |
Federated Department Stores Inc said sales for the five weeks ended April Four were up 4.9 pct to 934.9 mln dlrs from 891.6 mln dlrs a year before. The company said sales for the first two months of its fiscal year were up 6.8 pct to 1.65 billion dlrs from 1.55 billion dlrs a year before. Reuter | FEDERATED DEPARTMENT STORES <FDS> MARCH SALES UP |
Zayre Corp said sales for the five weeks ended April Four were up 12.7 pct to 522.3 mln dlrs from 463.5 mln dlrs a year before. The company said sales for the first nine weeks of its fiscal year were up 17.4 pct to 849.3 mln dlrs from 723.7 mln dlrs a year before. Reuter | ZAYRE <ZY> MARCH SALES UP 12.7 PCT |
AMR Corp the parent of American Airlines rose sharply in active trading after analyst Roland Moreno of Smith Barney upgraded his opinion of the stock to buy from accumulate and added it to the brokerage houses recommended list traders said. AMR climbed 1-3/8 to 55-5/8. A spokeswoman for Smith Barney said the recommenda... | AMR <AMR> UP ON SMITH BARNEY OPINION |
Period ended Jan 31 Shr 38 cts vs 61 cts Net 7012000 vs 11193000 Revs 223.0 mln vs 200.3 mln Year Shr 1.11 dlrs vs 1.36 dlrs Net 20214000 vs 23602000 Revs 656.5 mln vs 520.5 mln Avg shrs 18257631 vs 17376480 Reuter | HIGHLAND SUPERSTORES INC <HIGH> 4TH QTR NET |
LVI Group Inc said it has agreed in principle to purchase all outstanding shares of <Spectrum Holding Corp> for a proposed 13 mln dlrs in cash. LVI said an additional 10 mln dlrs in common stock and seven mln dlrs in notes will become payable if Spectrum has certain minimum future earnings. LVI an interior construct... | LVI GROUP <LVI> TO MAKE ACQUISITION |
MacGregor Sporting Goods Inc said its wholly-owned MacGregor Team Sports Inc subsidiary has filed for an initial public offering of two mln common shares at an expected price of 11 to 14 dlrs a share. The company said after the offering it would continue to own 8800000 shares or at least an 80 pct interest since McGreg... | MACGREGOR <MGS> UNIT FILES TO OFFER SHARES |
Texas American Energy Corp said its board has decided to again omit the quarterly dividend on its 2.575 dlr cumulative convertible exchangeable preferred stock. The dividend would have been payable May One. The company last paid 64.3 cts a share on the issue in August 1986. Reuter | TEXAS AMERICAN <TAE> OMITS PREFERRED PAYOUT |
Shr 1.64 dlrs vs 1.56 dlrs Net 4583000 vs 5313000 Revs 20.1 mln vs 19 mln Avg shrs 2.8 mln vs 3.4 mln Year Shr 5.06 dlrs vs 5.92 dlrs Net 16 mln vs 20.3 mln Revs 74.6 mln vs 68 mln Avg shrs 3.2 mln vs 3.4 mln Reuter | VORNADO INC <VNO> 4TH QTR JAN 31 NET |
<Brenda Mines Ltd> said it sold 2830390 <Kerr Addison Mines Ltd> shares to a group of underwriters led by Wood Gundy Inc and Brown Baldwin Nisker Ltd for redistribution. Financial terms were undisclosed. Reuter | BRENDA MINES SELLING KERR ADDISON SHARES |
Data Access Systems Inc said chairman David Cohen has sold 1800000 common shares to Phoenix Financial corp for undisclosed terms and resigned as chairman and chief executive officer. The company said Phoenix Financial now has a 27 pct interest in Data Access and effective control. Data Access said Phoenix chairman Mart... | PHOENIX FINANCIAL <PHFC> BUYS DATA ACCESS STAKE |
Health and Rehabilitation Properties Trust said it declared an intitial dividend of 55 cts per share for the period ending March 31 1987 The dividend will be payed May 20 to shareholders of record on April 20 the company said. The company said it organized in late 1986 and closed its intitial public offering of shares ... | HEALTH AND REHABILITATION <HRP> INITIAL PAYOUT |
T. Rowe Price Associates said its first quarter earnings rose about 50 pct from the year-ago 2634000 dlrs and revenues about 30 pct from the year-ago 24.2 mln dlrs. It said it expects very good earnings and revenue growth this year. In 1986 it earned 14.8 mln dlrs on revenues of 111.1 mln dlrs. Reuter | T. ROWE PRICE <TROW> SEES HIGHER FIRST QUARTER |
Cray Research Inc said British Petroleum ordered a CRAY X-MP/24 supercomputer valued at about 6.6 mln dlrs. The leased system will be installed at BP Exploration Co Ltds London headquarters in the fourth quarter of 1987 pending export license approval it said. The CRAY X-MP/24 will replace a CRAY X-MP/12 supercomputer ... | CRAY <CYR> GETS 6.6 MLN DLRS ORDER FROM BP <BP> |
General Partners told the Securities and Exchange Commission it has reduced its stake in GenCorp Inc to 8.6 pct from 9.8 pct by selling 250000 shares at a price equal to 118.5 dlrs per share. General Partners which includes GC Holdings Inc and General Acquisitions Inc said yesterday it was dropping its 100-dlr-a-share ... | GENERAL PARTNERS CUTS STAKE IN GENCORP <GY> |
Shr 45 cts vs 43 cts Net 1503000 vs 938000 Avg shrs 3358664 vs 2158664 NOTE: Company had its initial public offering of 1200000 shares in October 1986 Reuter | HERITAGE FINANCIAL SERVICES <HERS> 1ST QTR NET |
National Computer Systems Inc expects fiscal year earnings to improve by about 20 pct the company told analysts although it said the April 30 first quarter should show down earnings and virtually flat revenues. Chairman Charles Oswald said National Computer has taken steps to improve margins. He said revenues are expec... | NATIONAL COMPUTER <NLCS> SEES EARNINGS GROWTH |
U.K. CHANCELLOR LAWSON SAYS THERE MAY BE NEED TO CUT INTEREST RATES IN SOME COUNTRIES | |
Mobil Corp said sales of its Montgomery Ward and Co subsidiary for the five weeks ended April Four rose 3.3 pct on a comparable store basis to 332.9 mln dlrs from 323.2 mln dlrs a year ago. Cumulative sales for the nine week period of February One through April Four rose 7.3 pct on a comparable store basis to 609.6 mln... | MOBIL'S <MOB> MARCH SALES UP THREE PCT |
Rexham Corp said it has repurchased 381050 of its shares or 9.1 pct from Nortek Inc for 42 dlrs each and Nortek has withdrawn its proposal to acquire Rexham for 43 dlrs per share. Rexham said Nortek has also agreed not to buy Rexham shares or take other actions under a 10-year standstill agreement. The Rexham board had... | REXHAM <RXH> REPURCHASES STAKE FROM NORTEK <NTK> |
LAWSON SAYS MAJOR CENTRAL BANKS WILL INTERVENE AS AND WHEN NECESSARY | |
Oil traders in the New York area said Exxon Corps Exxon U.S.A. unit reduced the price it charges contract barge customers for heating oil in New York harbor 0.50 cent a gallon effective today. They said the reduction brings Exxons contract barge price to 49.75. The price decrease follows sharp declines in heating oil p... | EXXON <XON> CUTS HEATING OIL PRICE, TRADERS SAID |
LAWSON SAYS IT ESSENTIAL THAT JAPAN DEVELOP DOMESTIC DEMAND | |
Kapok Corp said it has cured technical defaults on laons from Southeast Banking Corp <STB> and Murray Steinfeld and has negotiated extensions of both loans. The company also said it has arranged a one mln dlr loan secured by its Fort Lauderdale Fla. property from Republic Bank for Savings of Jackson Miss. and has so... | KAPOK CORP <KPK> CURES TECHNICAL DEFAULTS |
The Federal Home Loan Bank Board adjusted the rates on its short-term discount notes as follows: MATURITY NEW RATE OLD RATE MATURITY 30-174 days 5.00 pct 5.00 pct 30-174 days 175-190 days 5.88 pct 5.85 pct 175-190 days 191-270 days 5.00 pct 5.00 pct 191-270 days 271-288 days 5.92 pct 5.92 pct 271-288 days 289-360 days ... | FHLBB CHANGES SHORT-TERM DISCOUNT NOTE RATES |
With seven car assembly plants down this week including six at General Motors Corp <GM> U.S. carmakers are expected to built an estimated 160111 cars for the week ending April 11 down from 177687 a year ago said the trade publication Wards Automotive Reports. Year to date it estimated domestic car output at 2334528 ... | WEEKLY CAR PRODUCTION ESTIMATED LOWER |
Cannon International said <Viva Films International> agreed to exclusively distribute Cannon films in the Philippines for the new four years. The company said the agreement covers both theatrical and video distribution. Terms were not disclosed. Reuter | CANNON INT'L <CAN> SETS PHILIPPINES FILM PACT |
Shr 46 cts vs 48 cts Net 1196331 vs 1341314 Revs 5153109 vs 7680350 Reuter | <STRATHFIELD OIL AND GAS LTD> YEAR NET |
AFP Imaging Corp said it expects revenues to reach about 20 mln dlrs in fiscal 1987 ending June 31 compared with sales of 16.8 mln dlrs in fiscal 1986. AFP said its products have continue to gain market share in the medical dental and graphic arts industries over the past eight months adding that it will spend consider... | AFP IMAGING <AFPC> SEES HIGHER FISCAL 1987 SALES |
The Federal Reserve may intervene in the government securities market to supply temporary reserves indirectly via customer repurchase agreements economists said. They said that while the Fed faces no great urgency to add reserves at the start of the two-week maintenance period today it would probably do so in order to ... | FED MAY ADD RESERVES TO BANKING SYSTEM |
Diamond Crystal Salt Co said it might sell its salt division. The company said it retained First Boston Corp to assist it with the possible sale of the division assuming a fair price and reasonable terms can be obtained. Diamond Crystal said sale of the unit was in the best long-term interests of its shareholders. The ... | DIAMOND CRYSTAL <DSLT> MIGHT SELL SALT UNIT |
Nigel Lawson Britains Chancellor of the Exchequer said some countries may need to cut interest rates with the aim of maintaining exchange rate stability. Speaking to journalists one day after the Group of Seven countries reaffirmed goals set in Paris six weeks ago he said central banks would continue to intervene as an... | LAWSON SAYS SOME COUNTRIES COULD CUT RATES |
French operators have requested licences to export 320000 tonnes of free market barley 225000 tonnes of maize 25000 tonnes of free market bread-making wheat and 20000 tonnes of feed wheat at todays EC tender trade sources said. For the barley rebates of between 138 and 141.25 European currency units (Ecus) per tonne we... | FRENCH FREE MARKET CEREAL EXPORT BIDS DETAILED |
Dayton Hudson Corp said retail sales for the five weeks ended April Four were 791.8 mln dlrs compared to 755.6 mln dlrs a year ago. On a comparable store basis it said sales declined 4.9 pct. Sales for the nine months were 1.39 billion dlrs up from 1.26 billion dlrs in the same 1986 period. On a comparable store basis ... | DAYTON HUDSON <DH> MARCH SALES OFF 4.9 PCT |
Trading on the London potato futures market will not be suspended Richard Harris Chairman of the London Potato Futures Association (LPFA) said in a statement to floor members. It was in response to strong representations by the Potato Marketing Board (PMB) complaining of a gross distortion of price which they say will ... | U.K. POTATO FUTURES TRADING NOT TO BE SUSPENDED |
The Group of 10 developed nations issued a communique welcoming the reaffirmation of the Paris accord on currency stability by the Group of Seven leading industrial democracies yesterday. In the communique issued this morning the G-10 said prospects of member countries economies would be improved by stability in the ex... | GROUP OF 10 WELCOMES LATEST G-7 AGREEMENT |
Credit National is issuing a one billion franc convertible bond issue in two tranches both paying 8.50 pct and in 5000 franc units lead managers Caisse Nationale de Credit Agricole Union de Garantie et de Placement and Morgan et Cie said. Both tranches will be redeemable at the end of their lives and both have a paymen... | CREDIT NATIONAL ISSUES BILLION FRANC CONVERTIBLE |
(The Canam Manac Group Inc) said its Canam Steel Works unit received a contract valued at 8.5 mln dlrs to supply steel trusses to (Canron Inc) for a new car plant in Ingersoll Ontario. Canam Manac said it will produce the trusses at its Quebec and Ontario plants and delivery will be completed by August. Reuter | CANAM MANAC WINS 8.5 MLN DLR CONTRACT |
Spot tin on the European free market was indicated in the easier range 4200 to 4230 stg per tonne for high grade metal in warehouse Rotterdam down 20 stg from yesterdays afternoon kerb close. Stability in sterling versus the dollar continued to apply pressure to a market which is coming close to testing a psychological... | SPOT TIN EASIER ON EUROPEAN FREE MARKET |
The dollar drifted down to end one pfennig lower after a lacklustre session held in limits by the lack of concrete news from the Group of Seven meeting and comments on the edge of the Washington IMF/World Bank meeting. Dealers said the communique early in the European morning from the G-7 meeting contained no significa... | DOLLAR ENDS LOWER IN LACKLUSTRE FRANKFURT |
Shr 1.01 dlrs vs 1.08 dlrs Net 21983000 vs 23434000 Sales 174.9 mln vs 161.7 mln Reuter | CONSOLIDATED PAPERS INC <CPER> 1ST QTR NET |
Gandalf Technologies Inc said its Redifacts division and Apparel Computer Systems Inc of Concord Calif. started a joint marketing effort in industrial data collection and dissemination. Financial terms of the agreement were not disclosed. Gandalf said the companies will link software products to develop an on-line real... | GANDALF <GANDF> IN PACT WITH APPAREL COMPUTER |
K Mart Corp said it was opening branch offices of <First Nationwide Bank> in 21 of its stores in Florida. The company said this brings to 57 the number of bank branch which are part of the Nationwide Network an alliance of 40 independent locally managed financial institutions locations in Florida. Reuter | K MART <KM> OPENS BANK BRANCHES IN STORES |
Humana Inc said it has agreed in principle to sell 68 MedFirst primary medical care facilities to <Primedical Corp> for undisclosed terms with transfers taking place over the next four months. It said it retains 37 MedFirst offices mostly in the Chicago area. The transaction is not expected to have any impact on ear... | HUMANA <HUM> TO SELL MEDICAL OFFICES |
Moodys Investors Service Inc said it may downgrade American Healthcare Management Incs 80 mln dlrs of 15 pct subordinated notes. Moodys review will focus on prospects for the companys operating earnings in view of moderately disappointing results in 1986 an increasingly difficult industry environment and the possible l... | MOODY'S MAY DOWNGRADE AMERICAN HEALTHCARE <AHI> |
Morgan Olmstead Kennedy and Gardner Capital Corp said Michael Fusco has been named president of its securities brokerage and investment banking firm Morgan Olmstead Kennedy and Gardner Inc. Fusco formerly was executive vice president of PaineWebber Inc. He replaces G. Bryan Herrmann who will retain his title of preside... | MORGAN, OLMSTEAD, KENNEDY <MOKG> NAMES PRES |
Shr seven cts vs nine cts Net 168000 vs 206000 Sales 15.3 mln vs 10.9 mln Nine mths Shr 10 cts vs 38 cts Net 228000 vs 649000 Sales 35.8 mln vs 32.5 mln Qtly div three cts vs three cts prior Pay April 30 Record April 20 Reuter | MET-COIL SYSTEMS CORP<METS> 3RD QTR FEB 28 NET |
Food-N-Fuel Partners L.P. said it filed a registration statement with the Securities and Exchange Commission covering a planned initial offering of 2575000 Class A Units of limited partnership interest. The partnership said the units are expected to be offered at 13 to 15 dlrs each next month by underwriters managed by... | FOOD-N-FUEL REGISTERS PARTNERSHIP UNIT OFFERING |
FORD RAISES QTLY PAYOUT 10 CTS/SHR TO 75 CTS | |
Ranger Oil Ltd said its previously reported public 75 mln U.S. convertible debenture to be placed in the European market would mature April 28 2002 bear yearly interest of 6-1/2 pct and have a six U.S. dlr a share conversion price. Lead managers are Credit Suisse First Boston Ltd and Cazenove and Co. Reuter | RANGER <RGO> SETS TERMS OF EUROBOND OFFER |
British Chancellor of the Exchequer Nigel Lawson said he saw no immediate implications for British monetary policy arising from the Group of Seven meeting yesterday. Exchange rate stability is in the U.K.s interest he told journalists. Asked what it meant for U.K. monetary policy he said No I do not think there are any... | LAWSON SEES NO CHANGE IN U.K. MONETARY POLICY |
Qtly div 75 cts vs 65 cts prior Pay June one Record May one Reuter | FORD MOTOR CO <F> RAISES QTLY PAYOUT |
Standard Elektrik Lorenz Finanz BV is issuing a 40 mln Australian dlr eurobond due May 11 1990 paying 14-1/4 pct and priced at 101-1/2 pct lead manager Credit Suisse First Boston Ltd said. It is guaranteed by Standard Elektrik Lorenz AG. The non-callable bond is available in denominations of 1000 and 5000 Australian dl... | STANDARD ELEKTRIK ISSUES AUSTRALIAN DLR EUROBOND |
Steel stocks which have had a healthy runup recently still present some short term investment opportunities according to some steel analysts. But others say the upturn based on strong orders and firm prices this spring has been strictly seasonal and will end soon. They recommend taking profits. Its that time of year. T... | TALKING POINT/STEEL COMPANIES |
Shr 20 cts vs 14 cts Net 2.4 mln vs 1.7 mln Revs 136.7 mln vs 174.4 mln Six Mths SDhr 72 cts vs 82 cts Net 8.6 mln vs 9.9 mln Revs 212.5 mln vs 268.8 mln Reuter | DEKALB CORP <DKLBB> 2ND QTR FEB 28 NET |
Abbott Laboratories Inc said its 1987 first quarter record results reflected continued productivity improvement higher volume better product mix and a weaker U.S. dollar. Abbott reported 1987 first quarter earnings rose to a record 142 mln dlrs or 62 cts a share on record sales of one billion dlrs. Research and develop... | ABBOTT <ABT> SEES GAINS FROM WEAKER DOLLAR |
Demand good for moderate supplies of most beef cuts However limited interest noted for tenderloins/flank steaks. Yield grade 2-3 beef cuts fabricated items vacuum packed. LBS CHOICE ROUND CUTS -steady/up 11.00 160 round part bnls 50-85 few 137 161 round bnls 42-80 few 147 161 diamond cut 49-85 few 149 167 knuckle 8-15 ... | EASTERN DISTRIBUTIVE BEEF TRADE WEEKLY - USDA |
Brazils 1986/87 cotton crop estimate has been reduced to 710000 from 735000 tonnes (lint basis) the U.S. Agriculture Departments officer in Sao Paulo said in a field report. The report dated April 7 said the reduction is based on an expected smaller harvest in the center-south region. The center-south crop is now estim... | BRAZIL COTTON CROP LOWER -- USDA REPORT |
US Sprint a joint venture of GTE Corp <GTE> and United Telecommunications Inc <UT> said its second transcontinental fiber-optic route now is fully operational. The cable placement was completed in mid-March abd commercial traffic began moving on the route April 1 Charles Skibo US Sprint president said. The new So... | US SPRINT COMPLETES SECOND FIBER OPTIC ROUTE |
Combustion Engineering Inc said it will offer four mln shares of its common stock at 33.75 dlrs per share. It said the U.S. offering will be underwritten by Salomon Brothers Inc The First Boston Corp and Goldman Sachs and Co Inc. The underwriters have been granted an option to purchase up to an additional 600000 shares... | COMBUSTION ENGINEERING <CSP> IN PUBLIC OFFERING |
TREASURY'S BAKER SAYS TRADE, CURRENT ACCOUNT IMBALANCES "SIMPLY NOT SUSTAINABLE" | |
FIRST INTERSTATE BANCORP SETS FRANCHISE AGREEMENTS WITH BANKS IN LOUISIANA, WASHINGTON, D.C. | |
EC AUTHORISES EXPORT 55,000 TONNES MAIZE, MAXIMUM REBATE 130 ECUS/TONNE - TRADE SOURCES. | |
EC AUTHORISES EXPORT 65,000 TONNES BARLEY, MAXIMUM REBATE 138.75 ECUS - BRUSSELS TRADE | |
Iran said it launched a fresh offensive today north of Baghdad three days after it began a new thrust against Iraq on the southern Gulf war front. The Iranian news agency IRNA received in London said the offensive began before dawn northeast of Qasr-e-Shirin on the border 110 miles northeast of the Iraqi capital. Heavy... | IRAN SAYS IT OPENS NEW OFFENSIVE NORTH OF BAGHDAD |
RJR NABISCO FIRST QUARTER NET TO INCLUDE 208 MLN DLR GAIN, 209 MLN DLR CHARGE | |
Berliner Bank AG Berlin is issuing a 50 mln Australian dlr eurobond due November 13 1990 paying 14-1/4 pct and priced at 101-1/2 pct lead manager Banque Paribas Capital Markets said. The non-callable bond is available in denominations of 1000 Australian dlrs and will be listed in Luxembourg. The selling concession is o... | BERLINER BANK ISSUES 50 MLN AUSTRALIAN DLR BOND |
Brazilian cocoa exporters are not likely to follow the example of Cocoa Producers Alliance CPA members who may limit sales of the product in an effort to boost world prices trade sources said. They said a similar procedure was taken in the past in Brazil and that it did not work out according to plans. The cocoa market... | BRAZIL COCOA EXPORTERS UNLIKELY TO LIMIT SALES |
U.S. HOUSE OF REPRESENTATIVES DEFEATS REAGAN'S 1988 BUDGET | |
Health and Rehabilitation Properties Trust said its board declared an initial dividend of 55 cts including 50 cts for the first quarter just ended and five cts from its initial operating period that began December 23. The dividend is payable May 30 record April 20. Reuter | HEALTH/REHABILITATION <HRP> SETS FIRST PAYOUT |
Treasury Secretary James Baker said that changes in exchange rates have generally been orderly and have improved the prospects for a reduction in external imbalances to more sustainable levels. In remarks before the IMFs policy-making Interim Committee Baker reiterated a Group of Seven statement last night that the sub... | U.S. TREASURY'S BAKER SAYS RATE SHIFTS ORDERLY |
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