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The American Stock Exchange said Data Architects Inc common will begin trading on the exchange tomorrow under the symbol <DAI>. REUTER^M | DATA ARCHITECTS <DRCH> TO TRADE ON AMEX |
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 |
Conseco Inc said it has filed to offer two mln common shares through underwriters led by Sears Roebuck and Co Incs <S> Dean Witter Reynolds unit. It said the offering is expected to be made in early May with proceeds to be used to partly finance the proposed 275 mln dlr acquisition of Western National Life Insurance... | CONSECO <CNC> FILES TO OFFER SHARES |
Comair Inc said March load factor fell to 36.6 pct from 39.8 pct a year earlier. The company said revenue passenger miles rose 9.0 pct to 12.4 mln from 11.3 mln and available seat miles rose 18.5 pct to 33.8 mln from 28.5 mln. For the year to date Comair said load factor fell to 36.3 pct to 40.3 pct a year before as re... | COMAIR <COMR> MARCH LOAD FACTOR FALLS |
The Democratic-run House of Representatives defeated on a 394 to 27 vote President Reagans 1988 budget and planned to vote later on one written by House Budget Committee Democrats. The defeat was expected. Republicans as well as Democrats abandoned Reagans budget for containing what they said were unrealistic assumptio... | U.S. HOUSE DEFEATS REAGAN'S 1988 BUDGET |
Toth Aluminum Corp said an offering of 2500000 common shares is under way at 1.875 dlrs each. It said another 5993577 shares are issuable on the exercise of outstanding options. Reuter | TOTH ALUMINUM <TOTH> SHARE OFFERING UNDER WAY |
<Varity Corp> said shareholders approved a previously reported proposal to transfer 137.5 mln U.S. dlrs to the contributed surplus account on the companys balance sheet from the stated capital account for common shares. The company said the move would allow it to meet Canadian government tests related to dividend pa... | VARITY <VAT> CAPITAL RESTATEMENT APPROVED |
Time Inc said its Time-Life Video Inc subsidiary has agreed in principle to sell its institutional training business to Time-Life Video president William V. Ambrose for undisclosed terms. It said the business will operate as Ambrose Video Publishing. Reuter | TIME <TL> TO SELL PART OF UNIT |
Toronto Dominion Bank Nassau Branch has increased its eurobond offering to 50 mln Australian dlrs from 40 mln lead manager Hambros Bank Ltd said. All other terms remain the same. REUTER | TORONTO DOMINION AUSTRALIA DOLLAR BOND INCREASED |
Council of Economic Advisers chairman Beryl Sprinkel said the Reagan Administration remains strongly opposed to a tax increase including 18 billion dlrs of new revenues in the budget plan by Congressional Democrats. We believe that significant increases in taxes would not reduce deficits and could have adverse effects ... | SPRINKEL SAYS TAX HIKE WOULD NOT REDUCE DEFICIT |
Shr 49 cts vs five cts Shr diluted 45 cts vs five cts Net 651000 vs 95000 Revs not given 1st half Shr 57 cts vs one ct Shr diluted 53 cts vs one ct Net 781000 vs 56000 Revs not given NOTE: Current year net both periods includes gain 873000 dlrs from repurchase of securities. Results exclude Business Forms Division whic... | ROYAL BUSINESS GROUP INC <ROY> 2ND QTR MARCH ONE |
Shr nil vs nil Net 18534 vcs 27431 Revs 270032 vs 188326 Avg shrs 6598871 vs 6090576 Year Shr nil vs nil Net 47299 vs 21570 Revs 1004392 vs 677909 Avg shrs 6618063 vs 5931324 NOTE: Share adjusted for one-for-11 reverse split. Reuter | <MSE CABLE SYSTEMS INC> 4TH QTR NET |
Shr 17 cts vs 10 cts Net 408000 vs 237000 Revs 8863000 vs 6738000 1st half Shr 27 cts vs 15 cts Net 647000 vs 356000 Revs 17.2 mln vs 12.5 mln Reuter | RULE INDUSTRIES INC <RULE> 2ND QTR FEB 28 NET |
Carson Pirie Scott and Co said its March retail sales increased 8.2 pct to 70.6 mln dlrs from 65.3 mln dlrs a year ago. It said cumulative sales gained 13.2 pct to 125.0 mln dlrs from 110.4 mln dlrs in the same 1986 period. Reuter | CARSON PIRIE SCOTT AND CO <CRN> MARCH SALES UP |
Japan which has been accused of dumping everything from steel to computer microchips on world markets is now under attack for alleged cutthroat selling of a product of a different sort -- banking services. At meetings here this week Bank of England officials pressed their Japanese counterparts to change regulations tha... | JAPAN CRITICISED FOR "DUMPING" OF BANK SERVICES |
A New Jersey investor Joseph Falkenstein told the Securities and Exchange Commission he holds 5.2 pct of the shares of Kinark Corp. He said he has no plans to change the company and that he bought the shares because he believed the stock was undervalued and would rise in the next six months. reuter | NEW JERSEY INVESTOR BUYS 5.2 PCT OF KINARK <KIN> |
<Honeywell Bull> is seeking a 400 mln dlr five-year multi option facility arranger Banque Nationale de Paris said. The facility will be co-arranged by Morgan Guaranty and The Industrial Bank of Japan Ltd. The operation has an evergreen facility and can be extended up to eight years BNP said. The facility will be mad... | HONEYWELL BULL SEEKING 400 MLN DLR FACILITY |
National Distillers and Chemical Corp expects to realize a second quarter after-tax gain of four dlrs per share from the 545 mln dlr sale of its spirits business to American Brands Inc <AMB>. National Distillers stock rose 1-1/8 to 65-1/2 after an opening delay on the New York Stock exchange for an imbalance of orde... | NATIONAL DISTILLERS <DR> SEES SECOND QTR GAIN |
Unfavorable weather conditions during the second week of March caused damage to oranges in the Calabria region in southern Italy the U.S. Agriculture Departments officer in Rome said in a field report. The report dated April 3 said the region accounts for about 22000 hectares of the Italian orange crop or about 26 pct ... | WEATHER HURTS ITALIAN ORANGES - USDA REPORT |
The European Commission authorised the export of 65000 tonnes of free market barley at todays tender at a maximum rebate of 138.75 European currency units and 55000 tonnes of French maize at 130 Ecus grain traders here said. It rejected bids for breadmaking and feed wheat they said. Reuter | EC GRANTS FREE MARKET BARLEY, MAIZE EXPORTS |
FED BUYING DOLLARS FOR YEN IN OPEN MARKET, NEW YORK DEALERS SAY | |
Lloyds of London has offered to meet part of the 235 mln stg in claims that investors in PCW Underwriting Agencies face due to fraud and mismanagement chairman Peter Miller said at a press conference. Miller urged 3000 PCW members to accept the offer so that the five-year-old affair could be closed. The members have un... | LLOYD'S OFFERS CASH IN BID TO END PCW AFFAIR |
Shr loss eight cts vs loss nine cts Net loss 311255 vs loss 157941 Revs 546069 vs 284636 Avg shrs 3790235 vs 1819680 Year Shr loss 27 cts vs loss 24 cts Net loss 858624 vs loss 399385 Revs 1491518 vs 1407441 Avg shrs 3175157 vs 1692700 Reuter | WASTE RECOVERY INC <WRII> 4TH QTR NET |
Shr primary 99ct vs 82 cxts Shr diluted 93 cts vs 78 cts Net 7784000 vs 6357000 Assets 3.25 billion vs 2.74 billion Deposits 2.58 billion vs 2.24 billion Loans 2.20 billion vs 1.81 billion Reuter | BRANCH CORP <BNCH> 1ST QTR NET |
Amsterdam-Rotterdam Bank NV <AMRO.AS> said it plans to issue 300 mln 6.75 pct capital bonds due 1988/2007. The bonds will be redeemable in 20 almost equal annual instalments starting June 1 1988. Early redemption is not permitted the bank said. The issue price will be announced no later than Wednesday April 15. Subs... | AMRO BANK PLANS 300 MLN GUILDER 6.75 PCT BONDS |
Kurz-Kasch Inc a Dayton thermoset molding maker told the Securities and Exchange Commission it had increased its holdings in Component Technology Corp by two pct to 9.3 pct. It said it bought the 39000 shares of stock at 5.30-6.875 dlrs a share for investment purposes. Reuter | KURZ-KASCH UPS STAKE IN COMPONENT TECH <CTEC> |
First Interstate Bancorp said it signed franchise agreements with banks in Louisiana and Washington D.C. The banks Citizens Bank and Trust Co of Thibodaux Louisiana and National Enterprise Bank of Washington will change their names to First Interstate this summer. Citizens Bank has assets of 267 mln dlrs in eight offic... | FIRST INTERSTATE <I> SETS TWO FRANCHISE PACTS |
Avions Marcel Dassault-Breguet Aviation <AVMD.PA> has offered the French Defence Ministry a new design of its Rafale fighter which is lighter and less detectible by radar a company spokesman said today. The new version would weigh between 8.5 and nine tonnes unarmed against 9.5 tonnes for the existing Rafale-A demon... | DASSAULT OFFERS NEW PLANE TO DEFENCE MINISTRY |
A key U.S. lawmaker in the securities field said the insider trading scandal gripping Wall Street reflects the attitude of the Reagan administration. They dont ask the question Is it right or is it wrong? They ask the question Can you pull it off? Rep Edward Markey (D-Mass) told a state securities administrators meetin... | WALL ST. SCANDAL SAID TO REFLECT REAGAN ETHIC |
Based on field travel in the Brazilian state of Parana soybean yields should be about average or 2.0 to 2.2 tonnes per hectare the U.S. Agriculture Departments officer in Sao Paulo said in a field report. The report dated March 24 noted Parana accounts for about 20 to 24 pct of Brazils total soybean crop. It said gener... | BRAZIL SOYBEAN YIELDS SEEN AVERAGE - USDA REPORT |
Colombia has secured total borrowings this year for 1.95 billion dlrs of which 1.40 billion correspond to loans arranged before 1986 Director of Public Credit Mauricio Cabrera said. Cabrera said about half of the borrowings would come from the World Bank and the Inter-American Development Bank. He was speaking at a for... | COLOMBIA SECURES 1.95 BILLION DLRS OF DEBT |
Qtly div 10 cts vs eight cts prior Pay June Four Record May 14 Reuter | ZAYRE CORP <ZY> RAISES QUARTERLY |
The Federal Reserve was detected buying dollars for yen in the open market as the dollar fell to a 40-year low of 144.60 yen in nervous late morning trading currency dealers said. They said the size of the intervention was relatively modest so far but it was a clear indication that the U.S. remained committed to the la... | FED SEEN BUYING DOLLARS FOR YEN IN OPEN MARKET |
MAY DEPARTMENT STORES MARCH SALES RISE 3.5 PCT | |
RJR Nabisco Inc said its 1987 first quarter results will include an after-tax gain of 208 mln dlrs from the sale of Heublein Inc and offsetting charges. The company said its operations are performing well and in line with expectations. RJR Nabisco said the charges reflect reserves it established to cover certain expens... | RJR NABISCO <RJR> HAS OFFSETTING GAINS, CHARGES |
Oper shr 1.08 dlrs vs 96 cts Oper shr diluted 1.02 dlrs vs 89 cts Oper net 16.1 mln vs 12.8 mln Avg shrs 14.9 mln vs 13.4 mln Avg shrs 16.1 mln vs 14.8 mln NOTE: 1987 net excludes gain 4820000 dlrs from cumulative effect of change in calculating depreciation expense. Reuter | BAYBANKS INC <BBNK> 1ST QTR NET |
The United States and Britain served notice that they would block a move in the U.N. Security Council to impose sanctions against South Africa in a bid to end its rule of Namibia (South West Africa). Their vetoes would repeat the joint action they took on February 20 to bar selective sanctions against Pretoria over its... | U.S., BRITAIN BAR SANCTIONS AGAINST SOUTH AFRICA |
French Finance Minister Edouard Balladur said that the financial community is closer to arriving at a system of target zones for currencies despite the fact that little is being said about them. Speaking with reporters at the semiannual meetings of the International Monetary Fund Balladur said We are not very far from ... | FRANCE'S BALLADUR SAYS TARGET ZONE NOTION NEARER |
Shr 95 cts vs 71 cts Net 42.4 mln vs 34.5 mln Assets 18.61 billion vs 15.66 billion Reuter | STUDENT LOAN MARKETING ASSOCIATION <SLM> 1ST QTR |
No raw sugar is being unloaded at Tate and Lyles refinery at Silvertown on the River Thames following a fire yesterday afternoon Tate and Lyle Plc said. The fire destroyed a large sector of the main conveyor from the raw sugar jetty to the weighhouse. The company said it is not yet known how long the jetty will be out ... | FIRE AT TATE/LYLE LONDON JETTY HALTS UNLOADING |
May Department Stores Co said sales for March rose 3.5 pct to 885.4 mln dlrs from 855.2 mln dlrs for the five-week period ended April 4. It said a major factor in March was the absence of Easter sales which will be three weeks later this year than last year. For the first two months of fiscal 1987 sales were 1.52 billi... | MAY STORES <MA> MARCH SALES RISE 3.5 PCT |
JP Industries Inc confirmed the announcement by Clevite Industries Inc <CLEV> that JP Industries has submitted a proposal to Clevite for the acquisition of the company at 13.50 dlrs per share in cash. John Psarouthakis chairman and president of JP Industries said that the company hopes to promptly negotiate an agree... | JP INDUSTRIES <JPI> CONFIRMS PROPOSAL |
SCI Holdings Inc and its unit Storer Communications Inc said they are negotiating with <The Gillet Group> to create a new entity jointly owned by SCI and Gillet to own and operate six of Storers television stations Storer Television sales and Storers Washington News Bureau. SCI said the six stations involved include... | <SCI HOLDINGS INC> DISCUSSES JOINT VENTURE PACT |
GenCorp Inc said its board extended to April 13 the date the rights issued under the companys shareholder rights plan will trade separately from the common stock. The company said the plan originally adopted February 18 has been extended several times since its adoption. GenCorp said the rights plan makes it more diffi... | GENCORP <GY> EXTENDS SHAREHOLDER RIGHT PLAN |
Rep. Anthony Beilenson D-Cal said he introduced legislation to triple the federal excise taxes on beer and on two types of wine which have the least alcohol. His bill would raise the tax on beer from nine dlrs to 27 dlrs per 31-gallon barrel an increase of about 32 cents per six pack. The tax on the two types of wine w... | U.S. TAX INCREASE PROPOSED ON BEER AND WINE |
Qtly div 43 cts vs 38 cts prior Pay May 15 Record April 30 Reuter | MEDITRUST <MTRUS> RAISES QUARTERLY |
Monsanto Corps G.D. Searle and Co unit said it will report an operating loss for 1987 mainly due to expenses for research and development. Searle chairman Sheldon Gilgore said Searles operating loss in 1987 will be less than the 87 mln dlr operating loss in 1986. He said Searles first quarter sales will be up 21.8 pct ... | MONSANTO <MTC> UNIT SEES OPERATING LOSS IN 1987 |
Oper shr six cts vs one ct Oper net 194109 vs 28751 Revs 2731688 vs 347134 Avg shrs 3360527 vs 2295359 Nine mths Oper shr 11 cts vs five cts Oper net 356571 vs 111545 Revs 5923907 vs 1491852 Avg shrs 3296982 vs 2289762 NOTE: Share adjusted for 10 pct stock dividend in December 1986. Prior year net excludes tax credits ... | STATUS GAME CORP <STGM> 3RD QTR FEB 28 NET |
International Surgical and Pharmaceutical Corp said it will offer diagnostic testing services to hospitals clinics and private medical practices in the metropolitan New York area. The company said it has leased a vascular diagnostic testing mobile unit to conduct a test for early indicators of potential stroke. Medicar... | INT'L SURGICAL <SURG> TO OFFER TEST |
European airlines hit by a drop in business across the North Atlantic for much of last year today reported record passenger traffic for February. The 21-member Association of European Airlines said passenger traffic in February was 11 pct higher than a year earlier allowing carriers to fill just under 60 pct of seat ca... | EUROPEAN AIRLINES REPORT RECORD PASSENGER RESULTS |
Qtly div 20 cts vs 20 cts prior qtr Pay 6 May Record 21 April Reuter | UNIVERSAL FOODS CORP <UFC> VOTES DIVIDEND |
Qtly div 35 cts vs 35 cts prior Pay May 14 Record April 30 Reuter | BETZ LABORATORIES INC <BETZ> SETS QUARTERLY |
Qtly div 24 cts vs 21-1/2 cts prior Pay May 15 Record April 24 NOTE: Northwestern National Life Insurance Co. Reuter | NORTHWESTERN NATIONAL LIFE <NWNL> UPS PAYOUT |
Ten grain ships were loading and 14 were waiting to load at New Orleans elevators trade sources said. ELEVATOR LOADING WAITING Continental Grain Westwego 1 6 Mississippi River Myrtle Grove 1 0 ADM Growmark 1 4 Bunge Grain Destrehan 1 0 ELEVATOR LOADING WAITING ST CHARLES DESTREHAN 1 1 RESERVE ELEVATOR CORP 1 0 PEAVEY C... | GRAIN SHIPS WAITING AT NEW ORLEANS |
Centel Corp is raising 50 mln dlrs through an offering of debentures due 2017 yielding 9.233 pct said lead manager Smith Barney Harris Upham and Co Inc. The debentures have a 9-1/8 pct coupon and were priced at 98.90 to yield 117 basis points over comparable Treasury securities. Non-callable for five years the issue is... | CENTEL <CNT> SELLS DEBENTURES AT 9.233 PCT |
Ames Department Stores Inc said sales for the five weeks ended April Four were up 8.2 pct to 164.0 mln dlrs from 151.6 mln dlrs a year earlier with same-store sales up 6.5 pct. The company said for the first nine weeks of its fiscal year sales were up 16.3 pct to 277.6 mln dlrs from 238.7 mln dlrs a year before with sa... | AMES DEPARTMENT STORE <ADD> MARCH SALES UP |
Foothill Group Inc said it reached a standstill agreement with Santa Cruz Resources Inc and its parent Sierrita Resources Inc that bars the companies from acquiring more than a 30 pct interest in Foothill except through a business combination approved by Foothills board. The company also said Santa Cruz has advised it ... | FOOTHILL <FGI>, SIERRITA IN STANDSTILL ACCORD |
Shoe-Town Inc said sales for the five weeks ended April four 1987 rose 19 pct to 16.8 mln dlrs from 14.1 mln dlrs a year ago. It said year-to-date rose 19.4 pct to 36.3 mln dlrs from 30.4 mln dlrs a year ago. Reuter | SHOE-TOWN <SHU> MARCH SALES RISE 19 PCT |
Shr 3.33 dlrs vs 3.39 dlrs Net 37069000 vs 36902000 Avg shrs 10.95 mln vs 10.05 mln Reuter | FIRST FEDERAL OF MICHIGAN <FFOM> 1ST QTR NET |
Waste Recovery Inc said it has received an exclusive license to use <Blue Circle Industries PLCs> refuse-derived fuel technology in the U.S. The company said it plans to modify a 750 short ton per day resource recovery plant in Miami to use the technology and will sell refuse-derived fuel from the Miami plant to Lon... | WASTE RECOVERY <WRII> IN DEAL WITH BLUE CIRCLE |
Colonial BancGroup said it has signed letter of intent to acquire Community Bank and Trust of Hartselle Ala. with assets of 26 mln dlrs for undisclosed terms subject to approval by regulatory authorities and Community Bank shareholders. Completion is expected within the next year it said. Reuter | COLONIAL BANCGROUP <CLBGA> MAKES ACQUISITION |
The United States will push for a strong statement from Western heads-of-state at the June economic summit in Venice urging comprehensive negotiations on agriculture begin immediately to reduce domestic farm subsidies the senior U.S. planner for the summit said. Agriculture has really become the number one internationa... | U.S. TO PUSH STRONG SUMMIT AGRICULTURE STATEMENT |
Shr 69 cts vs 67 cts Net 2488000 vs 2435000 Revs 27.6 mln vs 26.5 mln Reuter | FAB INDUSTRIES INC <FIT> 1ST QTR FEB 28 NET |
The European Commission was authorised to buy up to one mln tonnes of maize into intervention stores in the second half of June although sales into intervention normally end on April 30 Commission sources said. They said approval was given by the ECs Cereals Management Committee because of the possible disturbance of t... | EC COMMISSION AUTHORISED TO BUY MAIZE IN JUNE |
Japan bought 5000 tonnes Canadian rapeseed overnight at an undisclosed price for May shipment trade sources said. Reuter | JAPAN BUYS 5,000 TONNES CANADIAN RAPESEED |
Corroon and Black Corp said <Minet Holdings PLC> of which it owns 25 pct agreed to participate in a 103 mln stg fund set up by Lloyds of London to cover part of the claims faced by PCW underwriting agencies. The company said Minet and several other companies were involved in the syndicate which faces 235 mln stg in ... | CORROON/BLACK <CBL> SAYS UNIT IN LLOYD'S FUND |
Shr 87 cts vs 73 cts Net 14.7 mln vs 11.7 mln Assets 8.38 billion vs 7.43 billion Loans 3.91 billion vs 3.40 billion Deposits 5.60 billion vs 5.08 billion Reuter | NORTHERN TRUST CORP <NTRS> 1ST QTR NET |
The consumption of some base metals along with dollar prices are showing signs of modest improvement according to Rio Tinto-Zinc Corp Plc (RTZ). However the company said iron ore markets have weakened. RTZ commodity specialist Philip Crowson told reporters he thought base metals industry forecasts for 1987 were erring ... | RIO TINTO SEES MODEST INCREASE IN METALS DEMAND |
The value of colombian exports other than coffee rose 55 pct in january compared with the same period last year apparently setting a trend for the trade balance in 1987 government statistics institute figures show. They amounted to 180.8 mln dlrs fob compared with 147.5 mln dlrs for coffee a drop of 42 pct from last ye... | COLOMBIA JAN EXPORTS UP BUT COFFEE VALUES FALL |
27000 long tons USG/Taiwan 23.25 dlrs fio five days/1500 1-10/5 Continental. Trade Banner - 30000 long tons grain USG/Morocco 13.50 dlrs 5000/5000 end-April/early-May Comanav. Reference New York Grain Freights 1 of April 8 ship brokers say the vessel fixed by Cam from the Great Lakes to Algeria at 28 dlrs is reported t... | LONDON GRAIN FREIGHTS |
TBN 1400 mt bulk sugar Fiji/Prai 16 dlrs fio 10000/1000 1-10/5 Fiji Sugar Marketing. TBN 15000 mt bulk sugar Queensland/Japan 14.65 dlrs fio 10000/1000 20-30/4 CSR. ENQUIRIES - Antwerp/1-3 ports Greece 40000 mt bagged sugar indications 750/750 in shipments of 10000/15000 tonnes spread from May to July a/c unnamed chart... | LONDON SUGAR FREIGHTS |
Antwerp/Libya 5500 mt bagged flour 14 daps 24-27/4. New Orleans/Guanta 9387 mt bulk hss 3000/13 days 25-4/5-5. Naantali/Saudi Red Sea 30000/35000 mt barley 4000/3000 20-30/4 or early May. Dunkirk/Xingang 12000 mt bagged flour 1500/1700 13-20/4. Toledo/Seaforth 17000 mt hss offers 18.50 dlrs four days/8000 13-15/4. Rive... | LONDON GRAIN FREIGHT ENQUIRIES |
Shr 51 cts vs not given Net 6089000 vs 7310000 NOTE: Company went public in November 1986. Net includes loan loss provisions of 75000 dlrs vs 30000 dlrs and gains on sale of securities of 756000 dlrs vs 2468000 dlrs pretax. 1986 net includes tax credit 1022000 dlrs. 1987 net includes 2400000 dlr gain from tax credit re... | HOME SAVINGS BANK <HMSB> 1ST QTR NET |
Israeli helicopter gunships attacked Palestinian guerrilla positions near Sidon in southern Lebanon today in the ninth air raid over Lebanon this year the military spokesman said. All our aircraft returned safely to base and the pilots reported accurate hits he said. The aircraft returned ground fire he said. The targe... | ISRAEL IN NINTH AIR RAID OVER LEBANON THIS YEAR |
Ross Stores Inc said its five-week sales for the period ended April 4 totaled 44 mln dlrs up five pct from a year earlier. The company said for the two months ended April 4 sales totaled 85 mln dlrs up nine pct from a year ago. Ross stores operates 121 retail stores. It closed 25 of its stores earlier this year. It sai... | ROSS STORES <ROST> FIVE WEEK SALES UP FIVE PCT |
Shr 70 cts vs 67 cts Net 6416000 vs 6057000 NOTE: Net includes pretax securities sales gains of 5900000 dlrs vs 5900000 dlrs. Reuter | AMOSKEAG BANK SHARES INC <AMKG> 1ST QTR NET |
Shr loss five cts vs profit 10 cts Net loss 381391 vs profit 736974 Revs 6161391 vs 9241882 NOTE: Canadian dollars. Proved oil reserves at year-end 3.3 mln barrels up 39 pct from a year earlier and natural gas reserves 4.7 billion cubic feet off nine pct. Reuter | MSR EXPLORATION LTD <MSR> YEAR LOSS |
Analysts who follow Sears Roebuck and Co said the companys 4.2 pct sales gain in March by its Merchandise Group reflects more competitive pricing and continues a pattern of growth started in late 1986. Sears said sales for the five weeks ended April 4 rose to 2.62 billion dlrs from 2.51 billion dlrs a year earlier. Lin... | SEARS <S> SALES REFLECT COMPETITIVE PRICING |
Beirut radio stations said Israeli helicopter gunships raided south Lebanon and that one of the craft was downed. State owned Beirut Radio quoted witnesses as saying one helicopter was apparently shot down by heavy anti-aircraft fire as it attacked targets in the Ain al-Hilweh area east of the port of Sidon. The Sunni ... | ISRAELI HELICOPTERS RAID SOUTH LEBANON - RADIO |
Southmark Corp said it will issue its shareholders a special dividend right to acquire 22 shares of American Realty Trust <ARB> for each 100 shares of Southmark they own. Each right entitles the holder to buy one share of beneficial interest of American Realty Trust at a price of 3.75 dlrs per share Southmark said. ... | SOUTHMARK <SM> TO OFFER SPECIAL DIVIDEND |
Colombian exports other than coffee rose 55 pct in January compared with the same period last year figures from the government statistics institute show. Non-coffee exports amounted to 180.8 mln dlrs fob compared with 147.5 mln dlrs for coffee a drop of 42 pct from last year. The trade balance registered a 35 mln dlr s... | EXPORTS OTHER THAN COFFEE RISE SHARPLY IN COLOMBIA |
The United States will push for a strong statement from Western heads-of-state at the June economic summit in Venice urging comprehensive negotiations on agriculture begin immediately to reduce domestic farm subsidies the senior U.S. planner for the summit said. Agriculture has really become the number one internationa... | U.S. TO PUSH STRONG SUMMIT AGRICULTURE STATEMENT |
TVX Broadcast Group Inc <TVXG> said it has completed the previously-announced purchase of five Taft television stations. Last week TVX said the sale which was scheduled to close then had been delayed. Taft said the purchase price was 240 mln dlrs as previously announced. The price is subject to final adjustments Taf... | TAFT BROADCASTING <TFB> COMPLETES STATION SALE |
Beirut radio stations said Israeli helicopter gunships raided south Lebanon and that one of the craft was downed. State owned Beirut Radio quoted witnesses as saying one helicopter was apparently shot down by heavy anti-aircraft fire as it attacked targets in the Ain al-Hilweh area east of the port of Sidon. The Sunni ... | ISRAELI HELICOPTERS RAID SOUTH LEBANON - RADIO |
European Community trade experts will meet in Brussels tomorrow to discuss possible EC action against Japan over trade British Prime Minister Margaret Thatcher said. She told Parliament the officials would examine ideas put forward by the U.K. Last weekend. Trade matters and trade initiatives have to be taken by the Co... | EC EXPERTS TO STUDY POSSIBLE ACTION AGAINST JAPAN |
U.S. retailers lackluster March sales were due to a late Easter according to analysts who expect a recovery in April. Sales look soft because of the Easter shift but underlying business is better than the numbers indicate said Bear Stearns analyst Monroe Greenstein. Analysts generally average the sales results of March... | U.S. MARCH RETAIL SALES CUT BY LATE EASTER |
Eurodollar bonds closed as much as a full point lower as the dollar fell to a post-war low against the yen and interest rates on U.S. Treasuries rose almost to eight pct. The dollar fell to 144.30 yen and recovered only slightly after foreign exchange traders in New York said the Federal Reserve intervened to buy dolla... | LONDON EURODOLLAR BONDS CLOSE LOWER |
World Bank President Barber Conable said his agency plans to send a mission to Brazil next week to explore economic conditions. Speaking to reporters at the International Monetary Fund and World Bank annual meeting Conable said that he felt positive and optimistic that something between Brazil and its creditors will be... | WORLD BANK TO SEND ECONOMIC MISSION TO BRAZIL |
Reducing the amount of crop base a farmer can receive deficiency payments on is being looked at as one way to cut the U.S. agriculture budget for fiscal year 1988 congressional aides and lobbyists said. Rep. Charles Stenholm (D-Tex.) has suggested that the planted crop base a producer receives deficiency payments on be... | LOWER U.S. FARM PAYMENT BASE EYED FOR SAVINGS |
Gillette Canada Inc is issuing a 70 mln stg bond due October 30 1993 carrying a coupon of 9-5/8 pct and priced at 101-1/2 Morgan Stanley Ltd said as lead manager. The issue is guaranteed by Gillette Co and is available in denominations of 1000 and 5000 stg. Payment date is April 30 and there is a long first coupon. The... | GILLETTE CANADA ISSUES 70 MLN STG BOND |
Gillette Canada Inc is issuing a 70 mln stg bond due October 30 1993 carrying a coupon of 9-5/8 pct and priced at 101-1/2 Morgan Stanley Ltd said as lead manager. The issue is guaranteed by Gillette Co and is available in denominations of 1000 and 5000 stg. Payment date is April 30 and there is a long first coupon. The... | GILLETTE CANADA ISSUES 70 MLN STG BOND |
European Community trade experts will meet in Brussels tomorrow to discuss possible EC action against Japan over trade British Prime Minister Margaret Thatcher said. She told Parliament the officials would examine ideas put forward by the U.K. Last weekend. Trade matters and trade initiatives have to be taken by the Co... | EC EXPERTS STUDY POSSIBLE ACTION AGAINST JAPAN |
FIRST INTERSTATE EXPECTS BRAZIL, ECUADOR LOAN ACTIONS TO CUT 1987 NET BY 15.4 MLN DLRS | |
World Bank President Barber Conable said his agency plans to send a mission to Brazil next week to explore economic conditions. Speaking to reporters at the International Monetary Fund and World Bank annual meeting Conable said that he felt positive and optimistic that something between Brazil and its creditors will be... | WORLD BANK TO SEND ECONOMIC MISSION TO BRAZIL |
Morocco is scheduled to tender April 14 for a total of 55000 tonnes of U.S. soyoil under PL-480 for shipments from May through September private export sources said. The tender calls for shipment of 6100 tonnes in May 12200 tonnes each in June July and August and 12300 tonnes in September they said. Reuter | MOROCCO TENDERS FOR 55,000 TONNES PL 480 SOYOIL |
President Reagan declared that a major disaster existed in the State of Maine in following severe storms and flooding there paving the way for federal relief and reconstruction assistance. In announcing Reagans action the White House said in a written statement that Androscoggin Franklin Kennebec Oxford Penobscot Pisca... | REAGAN DECLARES MAINE DISASTER AREA |
Shr diluted 1.18 dlrs vs 1.04 dlrs Net 45.0 mln vs 39.2 mln Assets 16.7 billion vs 15.2 billion Deposits 13.0 billion vs 12.1 billion Loans 11.9 billion vs 10.1 billion NOTE: Results restated for merger of Midlantic Banks Inc and Continental Bancorp Inc on January 30 1987. Reuter | MIDLANTIC CORP <MIDL> 1ST QTR NET |
<Worldwide 800 Services Inc> whose Service 800 unit recently filed a lawsuit against American Telephone and Telegraph Co for false advertising and anti-competitive practices said it has named <Young and Rubicam> an advertising firm as a defendent in the case. Worldwide said Young and Rubicam designed and placed t... | YOUNG AND RUBICAM IS DEFENDENT IN ATT <T> SUIT |
(Canadian Airlines International Ltd) said it signed an agreement with (The Flying Tiger Line Inc) that will offer Canadas first around-the-world cargo service. The service from Mirabel airport will link Canada to a large network of worldwide air freight markets using wide-body B747 freighter aircraft Canadian Airlines... | CANADIAN AIRLINES, FLYING TIGER IN PACT |
A.T. Brod and Co Inc an investment banking firm said Michael L. Brod has been named president and chief operating officer succeeding his father Albert T. Brod who remains chairman and chief executive officer. Reuter | A.T. BROD NAMES NEW PRESIDENT |
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