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Hayes-Albion Corp said it has delayed the special meeting at which shareholders will vote on its merger into Harvard Industries Inc <HAVA> until March 24 from March 17 due to a delay in Securities and Exchange Commission clearance of proxy materials. Reuter | HAYES-ALBION <HAY> DELAYS SPECIAL MEETING |
Oper shr loss nine cts vs profit 12 cts Oper net loss 1791000 vs profit 2336000 Sales 242.9 mln vs 225.8 mln Year Oper shr profit 15 cts vs loss 17 cts Oper net profit 2925000 vs loss 3324000 Sales 1.01 billion vs 875.6 mln NOTE: Net includes discontinued operations gain 2437000 dlrs vs loss 190.0 mln dlrs in quarter a... | GROSSMAN'S INC <GROS> 4TH QTR LOSS |
Eastman Kodak Co said it filed a shelf registration with the Securities and Exchange commission for debt securities totaling 900 mln dlrs. The company which has 576000 dlrs remaining from a shelf registration of 450 mln dlrs last June said the borrowing is intended for general corporate purposes including the refinanci... | EASTMAN KODAK <EK> FILES FOR DEBT OFFERING |
Centerior Energy Corps Cleveland Electric Illuminating Co subsidiary sdaid it will redeem on April Three all 75 mln dlrs of its 16-5/8 pct first mortgage bonds due 2012 at 1120 dlrs per 1000 dlrs principal amount plus accrued interest of 14.78 dlrs. It said funds for the redemption came from the sale of 300 mln dlrs of... | CENTERIOR ENERGY CORP <CX> REDEEMING BONDS |
The Department of Transportation said that an administrative law judge had recommended that small package service between the United States and Tokyo be granted to Federal Express Corp <FDX>. A final decision by the department is expected within 90 days. In addition the department said the law judge recommended that... | FEDERAL EXPRESS TENTATIVELY GETS US/TOKYO ROUTE |
Comdata Network Inc said it is in active talks with other parties on a possible acquisition or recapitalization of Comdata in an effort to maximize shareholder values. Comdata said <Rosewood Financial Inc> together with <Cypress Partners LP> and <Driftwood Ltd> have acquired over five pct of Comdata stock and ... | COMDATA NETWORK <CDN> IN NEW ACQUISITION TALKS |
Northgate Exploration Ltd said year-end 1986 ore reserves at its two Chibougamau mines in Quebec fell to 8141150 short tons grading 0.077 ounce gold a ton and 1.63 pct copper from year-earlier 8462000 tons grading 0.077 ounce gold ton and 1.67 pct copper. The company said it launched a 700000 dlr exploration program at... | NORTHGATE <NGX> QUEBEC ORE RESERVES DECLINE |
Shr loss 51 cts vs loss 44 cts Net loss 1.8 mln vs loss 1.5 mln Revs 3.1 vs 5.4 mln Nine months Shr loss 1.16 dlrs vs loss 1.33 dlrs Net loss 4.0 mln vs loss 4.6 mln Revs 9.9 mln vs 12.3 mln Reuter | WEBCOR ELECTRONICS INC <WER> 3RD QTR DEC 31 |
Porsche Cars North America said it sold 1815 cars during February down from 2129 cars during February of 1986. The company said sales since the beginning of the year totaled 3469 down from 3862 a year earlier. Reuter | PORSCHE CARS NORTH AMERICA REPORTS LOWER SALES |
Shr 12 cts vs 10 cts Net 613986 vs 534093 Revs 9494570 vs 7591564 Year Shr 41 cts vs 59 cts Net 2151130 vs 3111317 Revs 35.9 mln vs 33.7 mln NOTE: 1986 net includes gains from discontinued operations equal to three cts compared with nine cts in 1985. Reuter | COMMUNICATIONS SYSTEMS INC <CSII> 4TH QTR NET |
Turkey expects a 1986 balance of payments deficit of 1.5 billion dlrs well over target but is taking steps to improve its performance in this and other fields Ali Tigrel director of economic planning at the State Planning Organisation said. He told Reuters the shortfall was a direct consequence of economic growth of ne... | TURKEY SEES 1.5 BILLION DLR DEFICIT IN 1986 |
GENERAL MOTORS LATE FEBRUARY CAR SALES OFF 8.6 PCT | |
AMERICAN MOTORS LATE FEBRUARY U.S. CAR SALES OFF 65 PCT | |
United Auto Workers vice president Marc Stepp said he will meet with reporters this afternoon on the unions negotiations with American Motors Corp. A union spokesman was not immediately available to discuss the content of the press conference set to begin at 1530 EST. Both the union and American Motors this week have v... | UAW TO MEET WITH PRESS ON AMERICAN MOTORS <AMO> |
FORD CANADA FEBRUARY CAR SALES FALL TO 13,734 UNITS FROM YEAR-AGO 14,589 | |
Drilling for oil in California is likely to continue at last years sharply reduced levels despite recent gains in crude oil prices industry analysts said. Because much of the crude oil in California fields is thick heavy and expensive to extract oil prices would have to increase to near 1985s levels before any signific... | ENERGY/CALIFORNIA OIL PRODUCTION |
President Reagan angrily denounced press reports that his wife Nancy is running the government as despicable fiction. He said the reports had touched a nerve. Reagan made the comments at a photo session with William Webster his nominee as head of the Central Intelligence Agency. The president and Mrs Reagan celebrate t... | REAGAN DENOUNCES REPORTS OF WIFE'S ROLE |
General Motors Corp said car sales for February 21 through 28 were off 8.6 pct to 98036 from 107207 a year before. The company said truck sales for the period were up 10.9 pct to 42593 from 38402 a year before. It said for the full month car sales were off 20.7 pct to 286771 from 361785 a year before and truck sales we... | GM <GM> LATE FEBRUARY CAR SALES OFF 8.6 PCT |
Standard Oil Co said the Friendswood Development Number One well in the Fostoria or Deep Wilcox Field of Montgomery County Texas flowed 4500000 cubic feet of natural gas per day from depths of 14252 to 14486 feet through a 14/64 inch choke. It said it has contracted for Perry Gas Cos Inc to purchase natural gas from th... | STANDARD OIL <SRD> IN TEXAS NATURAL GAS FIND |
Webcor Electronics Inc said it remains in technical and payment default under its revolving credit agreement and in technical default under certain other obligations to its lender. Although its lender has not enforced its right to demand payment of the debt in full it continues to reserve its right to do so at any time... | WEBCOR ELECTRONICS <WER> IN TECHNICAL DEFAULT |
General Motors Corp said it will offer a special finance rate support program on some Oldsmobile cars. General Motors said that as an alternative to its ongoing rate option sale program buyers can opt for a special finance rate. Buyers may select 3.9 pct financing on 24 month contracts a 7.9 pct interest rate on 36 mon... | GM'S <GM> OLDSMOBILE SETS INCENTIVE PROGRAM |
First Savings Bank of Florida said it expects a special shareholder meeting to be held around May 21 to consider the proposed merger into Gibraltar Financial Corp <GFC>. It said the annual meeting will be held April 30 to elect two directors and ratify the appointment of auditors. Reuter | FIRST SAVINGS BANK FLORIDA <FSBF> SETS MEETING |
The government daily Izvestia said a considerable amount of Soviet winter crops need to be reseeded and the state 1987 grain harvest target of 232 mln tonnes will not be easy to fulfil. Without giving figures the newspaper said: A considerable part of the winter crops must be reseeded but that creates extra effort in t... | IZVESTIA SAYS SOVIET WINTER CROPS NEED RESEEDING |
<Morrison Petroleums Ltd> said it will have a net gain after taxes of 1580000 dlrs or 29 cts a share from the 2750000 dlr sale of 200 acres of real estate in Oshawa Ontario. Proceeds increased working capital to 12.0 mln dlrs and were invested in short term deposits the company said. Reuter | MORRISON PETROLEUMS HAS GAIN FROM PROPERTY SALE |
Central Bank director Daniel Marx said Argentinas creditor banks were divided on the countrys request for rescheduling its foreign debt. There are difficulties (among the banks) to reach an agreement and find a unanimous decision Marx told a local radio station in a telephone interview from New York. Argentinas great e... | ARGENTINA'S CREDITORS SAID DIVIDED OVER DEBT ISSUE |
Safeway Stores Inc said it agreed to sell the assets and operations of its Salt Lake City Division to Bormans Inc under undisclosed terms. The division includes 60 operating supermarkets in five states most of which are in Utah Idaho and Wyoming together with distribution and manufacturing facilities Safeway said. It s... | BORMAN'S <BRF> TO BUY SAFEWAY'S UTAH DIVISION |
Ford Motor Co of Canada 90 pct-owned by Ford Motor Co <F> said February car sales fell six pct to 13734 units from year-earlier 14589 units. Year-to-date car sales fell one pct to 25534 units from 25851 units the previous year it said. Reuter | FORD CANADA <FC> FEBRUARY CAR SALES OFF SIX PCT |
Fisher Foods Inc said <American Financial Corp> has sold its 1500000 Fishers shares a 44 pct interest to a group consisting of <American Seaway Foods Inc> <Rini Supermarkets Inc> and <Rego Supermarkets Inc>. The company said in connection with the transaction all five American Financial representatives have... | FISHER FOODS <FHR> SAYS STAKE IN FIRM SOLD |
American Motors Corp said its U.S. car sales for the February 21 to 28 period dropped 65 pct to 926 cars from 2672 cars in the same period a year ago. There were seven selling days in both periods. Domestic sales for the month were off 61 pct to 2501 cars from 6472 cars in February last year American Motors said. Year-... | AMERICAN MOTORS <AMO> LATE FEBRUARY SALES OFF |
Home Intensive Care Inc said it extended by 11 days the period of time during which its callable March cumulative convertible preferred stock may be converted at the current conversion ratio of 2.2 shares of common stock for every preferred share. The conversion ratio is now in effect until the close of business on Mar... | HOME INTENSIVE <KDNY> EXTENDS CONVERSION RIGHTS |
The U.S. Senate Agriculture Committee approved a measure that would exempt farmers who planted alfalfa or other multiyear grasses and legumes between 1981 and 1985 from a federal conservation requirement. Sen. Edward Zorinsky D-Neb. said his bill would restore equity under federal sodbuster rules which currently deny f... | U.S. SENATE PANEL MAKES CONSERVATION EXEMPTION |
AVX Corp said it has entered a two mln dlr settlement with the U.S. government and the Commonwealth of Massachusetts to pay for damage claims against the company for contaminating the New Bedford Mass. harbor with polychloride biphenyls (PCBs). As part of the agreement AVX said the government and Massachusetts have agr... | AVX <AVX> REACHES POLLUTION SETTLEMENT |
Shr profit three cts vs loss nine cts Net profit 103664 vs loss 326675 Revs 7.6 mln vs 6.9 mln Six months Shr loss two cts vs loss 15 cts Net loss 78246 vs loss 522868 Revs 14.7 mln vs 12.9 mln NOTE:1986 net includes gain of 43185 or one cts in 2nd qtr and six months for discount on early long-term debt repayment. Reut... | PICO PRODUCTS INC <PPI> 2ND QTR JAN 31 |
Wall Street traders said the stock of Outboard Marine Corp was rising on a rumor over a cable television program that Outboard is a likely takeover target of Sun Chemical Corp <SNL>. Outboard was up 3-1/8 to 34-5/8. On Tuesday it rose 1-3/8 to 31-1/2 Tuesday. A report on Cable News Network today said Sun Chemical ha... | OUTBOARD MARINE <OM> RISING ON TAKEOVER RUMOR |
Cadema Corp said it entered a letter of intent with a national underwriting firm for an offering of five mln dlrs worth of convertible preferred stock. Cadema said it will file a registration statement with the Securities and Exchange Commission later this month for the offering. Proceeds will be used to fund clinical ... | CADEMA <CDMA> PLANS PREFERRED OFFERING |
Audiotronics Corp said it registered with the Securities and Exchange Commission to offer five mln dlrs of convertible subordinated debentures due 2002. H.J. Meyers and Co Inc will manage the underwriting of the offer. The company said proceeds will be used to repay bank debt and for working capital. Reuter | AUDIOTRONICS CORP <ADO> TO OFFER DEBT |
General Motors Corp said car sales for February 21 through 28 were off 8.6 pct to 98036 from 107207 a year before. The company said truck sales for the period were up 10.9 pct to 42593 from 38402 a year before. It said for the full month car sales were off 20.7 pct to 286771 from 361785 a year before and truck sales we... | GM LATE FEBRUARY CAR SALES OFF 8.6 PCT |
Oper shr 36 cts vs 39 cts Oper net 1391000 vs 1485000 Revs 61.6 mln vs 58.5 mln YEAR Oper shr 70 cts vs 1.16 dlrs Oper net 2677000 vs 4410000 Revs 207.6 mln vs 200.2 mln Note: 1986 net excludes extraordinary loss of 297000 dlrs or eight cts shr vs yr-ago gain of 514000 dlrs or 13 cts shr. Reuter | <ALGOMA CENTRAL RAILWAY> 4TH QTR NET |
Oper shr profit four cts vs loss four cts Oper net profit 151448 vs loss 170709 Sales 11.5 mln vs 9581406 NOTE: Prior year net includes 123650 dlr tax credit but excludes 52409 dlr gain on early debt retirement. Reuter | GENOVA INC <GNVA> 1ST QTR DEC 27 NET |
French soft wheat exports to other European Community countries fell 18 pct to 4.13 mln tonnes in the first seven months of the 1986/87 season to January compared with 5.04 mln in the same 1985/86 period the French Cereals Intervention Office (ONIC) said. According to latest ONIC statistics the main buyers were Italy w... | FRENCH WHEAT EXPORTS TO EC FALL |
American Motors Corp said its U.S. car sales for the February 21 to 28 period dropped 65 pct to 926 cars from 2672 cars in the same period a year ago. There were seven selling days in both periods. Domestic sales for the month were off 61 pct to 2501 cars from 6472 cars in February last year American Motors said. Year-... | AMERICAN MOTORS LATE FEBRUARY SALES OFF |
Shr 61 cts vs 18 cts Net 670000 vs 194000 Revs 10.7 mln vs 10.4 mln Six months Shr 73 cts vs 35 cts Net 798000 vs 377000 Revs 19.5 mln vs 19.8 mln NOTE:1987 net includes gain of 362000 dlrs in 2nd qtr and 431000 dlrs in six months from tax loss carryforward. Reuter | SUPREME EQUIPMENT/SYSTEMS CORP <SEQP> 2ND QTR |
Oper shr loss five cts vs loss 24 cts Oper net loss 165000 vs loss 802000 Revs 4988000 vs 3101000 Year Oper shr loss 13 cts vs loss 1.33 dlrs Oper net loss 454000 vs loss 4407000 Revs 23.1 mln vs 8937000 NOTE: Results restated for discontinued operations. 1986 net both periods excludes 143000 dlr tax credit. Net exclud... | GULF APPLIED TECHNOLOGIES INC <GATS> 4TH QTR |
Shr 55 cts vs 80 cts Net 2517443 vs 3633217 Revs 79.1 mln vs 76.3 mln 12 mths Shr 2.57 dlrs vs 3.41 dlrs Net 11.7 mln vs 15.4 mln Revs 305.1 mln vs 314.3 mln Reuter | VAN DORN CO <VDC> 4TH QTR NET |
Gulf Applied Technologies Inc said it will report a gain of 2900000 dlrs or 89 cts per share on the previously-announced sale of its pipelines and terminals segment in first quarter results. Reuter | GULF APPLIED <GATS> TO HAVE GAIN FROM SALE |
Ford Motor Co of Canada 90 pct-owned by Ford Motor Co said February car sales fell six pct to 13734 units from year-earlier 14589 units. Year-to-date car sales fell one pct to 25534 units from 25851 units the previous year it said. Reuter | FORD CANADA FEBRUARY CAR SALES OFF SIX PCT |
HCC Industries said its board has authorized the purchase from time to time of up to 150000 shares of the companys common stock. Currently HCC has about 1775000 shares outstanding. The company said although the purchases will reduce working capital it believes its liquidity will not be impaired. Reuter | HHC INDUSTRIES <HCCI> TO REPURCHASE STOCK |
Qtly div 17 cts vs 17 cts prior Pay March 31 Record March 17 Reuter | FIELDCREST CANNON INC <FLD> SETS QUARTERLY |
Varian Associates Inc said it acquired all the outstanding stock of closely-held Analytichem International Inc for an undisclosed amount of cash. Analytichem based in Harbor City Calif. is a supplier of bonded phase preparation products used to prepare chemical samples for analysis Varian said. Reuter | VARIAN <VAR> BUYS ANALYTICHEM INTERNATIONAL |
Oper shr loss 1.05 dlrs vs profit nine cts Oper net loss 30.5 mln vs profit 3930000 Revs 23.9 mln vs 45.6 mln 12 mths Oper shr loss 5.30 dlrs vs profit 34 cts Oper net loss 155.8 mln vs profit 16.0 mln Revs 113.7 mln vs 178.8 mln Note: Oper excludes loss from discontinued operations of 9127000 dlrs vs 12.4 mln dlrs for... | KANEB SERVICES INC <KAB> 4TH QTR LOSS |
Shr 33 cts vs 60 cts Net 1.1 mln vs 1.7 mln Revs 11.7 mln vs 10.6 mln NOTE:Full name is Suspensions and Parts Industries Ltd. Reuter | SUSPENSIONS/PARTS INDUSTRIES LTD <SPILF> YEAR |
The size of French 1986/87 carryover barley stocks estimated at 1.72 mln tonnes compared with 700000 tonnes in 1985/86 is worrying French Cereals Intervention Office (ONIC) Director Bernard Vieux said. He told journalists these estimates were unchanged at the end of February from the previous month while export forecas... | ESTIMATED FRENCH BARLEY STOCKS WORRYING - ONIC |
Qtly div six cts vs six cts prior Pay April Two Record March 18 Reuter | MITCHELL ENERGY AND DEVELOPMENT CORP <MND>PAYOUT |
Hyundai Motor America said February sales of its Excel subcompact car totaled 18656. Hyundai began selling the car in the U.S. on February 20 1986. Sales that month totaled 588. The company said sales in the first 12 months totaled 201328. Reuter | HYUNDAI MOTOR AMERICA SAYS CAR SALES STRONG |
Shr profit 12 cts vs loss two cts Net profit 182173 vs loss 28977 Revs 4483047 vs 3994808 1st half Shr profit 14 cts vs loss eight cts Net profit 221376 vs loss 120435 Revs 8270947 vs 7150265 Reuter | FROST AND SULLIVAN INC <FRSL> 2ND QTR JAN 31 |
South Koreas record 7.1 billion dlrs trade surplus with the U.S. is bound to diminish as the country switches purchases from Japan in favor of U.S. companies Trade Minister Woong-Bae Rha said. He rejected suggestions the Korean Won is undervalued and denied any plans for a drastic and sudden revaluation. Rha is heading... | S. KOREAN TRADE SURPLUS WITH U.S. SEEN FALLING |
CRI Insured Mortgage Investments Inc said its advisor will recommend a special distribution of 50 cts per share due to the sale of a federally insured first mortgage on Park Meadows I in Madison Wis. for 4267871 dlrs. It said it received a 3695465 dlr return of capital and 572406 dlrs in income on the sale and the 50 c... | CRI INSURED <CII> TO SET SPECIAL DISTRIBUTION |
Unit loss one ct Net loss 186000 Revs 10.7 mln 11 mths Unit loss 7.26 dlrs Net loss 121.4 mln Revs 46.9 mln Note: Partnership formed in February 1986. Net includes writedown of oil and gas assets of 124.8 mln dlrs for 11 mths to comply with full-cost accounting methods. Reuter | KANEB ENERGY PARTNERS LTD <KEP> 4TH QTR LOSS |
Digicon Inc said it has completed the previously-announced disposition of its computer systems division to an investment group led by <Rotan Mosle Incs> Rotan Mosle Technology Partners Ltd affiliate. Reuter | DIGICON <DGC> COMPLETES SALE OF UNIT |
Texas Eastern Corp said it has completed the purchase of an idle petroleum products terminal near Norris City Ill. from <Growmark Inc> for undisclosed terms and will reopen it in September after remodeling. The company said the terminal will handle leaded and unleaded regular gasolines number two fuel oil ethanol an... | TEXAS EASTERN <TET> BUYS PETROLEUM TERMINAL |
<Sterling Investment Group> said it successfully drilled and completed a significant development well 65 miles southwest of Houston Texas. The well has a choke of 11/64 of an inch and is 10097 feet deep. The well initially tested at a maximum daily flow rate of two mln cubic feet of gas and 304 barrels of condensate... | STERLING IN TEXAS GAS AND OIL DISCOVERY |
Range Rover of North America Inc a subsidiary of the British Land Rover Group said it would begin selling the luxury utility vehicles in the United States March 16 at a suggested retail price of 30825 dlrs. Range Rover executives told Reuters after a press conference they expect to generate 80 mln dlrs in revenues this... | <RANGE ROVER> TO SELL VEHICLES IN U.S. |
GE Information Services Co a unit of General Electric Co said it is making avialable this week an on-line stock market analysis database called VESTOR on GEnie the General Electric Network for Information Exchange. GE said Investment Technologies Inc <IVES> developed the database that evaluates more than 6000 securi... | GENERAL ELECTRIC<GE> UNVEILS NEW STOCK DATABASE |
Blinder International Enterprises Inc said its common stock will continue to be quoted on the National Association of Securities Dealers NASDAQ system due to an exception pending the resolution of a dispute between the NASD and Blinder on Blinders qualifications for continued NASDAQ quotation. The company said the NASD... | BLINDER INTERNATIONAL <BINLC> HAS NASD EXCEPTION |
Computer Horizons Corp said it purchased ComputerKnowledge Inc a software training education company headquartered in Dallas. Terms were not disclosed. Reuter | COMPUTER HORIZONS <CHRZ> IN ACQUISITION |
Policy Management Systems Corp said it has acquired the majority of the assets and business of Allied Research Inc of Salem Ore. and Consolidated Insurance Services Inc of Springfield Va. for undisclosed terms. It said the two companies which had combined 1986 revenues of about two mln dlrs provide underwriting informa... | POLICY MANAGEMENT <PMSC> MAKES ACQUISITION |
Unicorp Canada Corp told the Securities and Exchange Commission it cut its stake in Purolator Courier Corp to 286500 shares or 3.7 pct of the total outstanding from 962400 shares or 12.4 pct. Unicorp a management and investment holding company controlled by its chairman George Mann said it sold 675900 Purolator common ... | UNICORP CANADA<UNI.A> CUTS PUROLATOR<PCC> STAKE |
American Telephone and Telegraph Co said it is offering its USA Direct service in Denmark. The service allows callers in Denmark to reach an ATT operator in the United States by dialing a single telephone number 0430-0010 ATT said. USA Direct is now available in 26 countries including the United Kingdom France and Aust... | ATT <T> OFFERS USA DIRECT SERVICE IN DENMARK |
Atlantic Research Corp said it has received a U.S. Navy contract to test Navy ships and their electronic systems installations to isolate and correct deficiencies caused by electromagnetic interference. It said the first year of the contract is worth 1500000 dlrs and with two option years the total value is 4800000 dlr... | ATLANTIC RESEARCH <ATRC> GETS NAVY CONTRACT |
Moodys Investors Service Inc said it upgraded the ratings on NRM Energy Cos senior cumulative preferred depository units to B-3 from CAA. The rating agency also assigned a B-3 rating to the partnerships proposed issue of cumulative convertible acquisition preferred units Series A. Moodys actions affect 188 mln dlrs of ... | NRM ENERGY <NRM> SECURITIES RAISED BY MOODY'S |
Toyota Motor Sales U.S.A. Inc said its February car sales totaled 36811 down from 40012 last February. The company said February truck sales totaled 20437 down from 28519 a year earlier. Toyota said sales of its domestically produced Corolla models totaled 2098 units during the month. Reuter | TOYOTA MOTOR U.S.A. FEBRUARY CAR SALES DOWN |
Trans Lux Corp said it will repurchase up to 350000 shares common and/or class B stock over an indefinite period in the open market. It also declared a five pct stock dividend payable April nine to holders of record march 20 and a regular quarterly dividend of two cts per share payable APril nine to holders of record M... | TRANS LUX <TLX> IN STOCK REPURCHASE |
<Nusource Investments Inc> a publicly held shell company said it acquired American Nutrition Works Inc through a transaction in which American Nutrition shareholders received 28 mln shares of Nusource stock in exchange for their shares. American Nutrition operates a chain of stores sellings vitamins and health produ... | FIRM ACQUIRES <AMERICAN NUTRITION WORKS INC> |
The Canadian Wheat Board has advised the federal government to sharply cut initial prices paid to farmers for their wheat oats and barley in the crop year beginning August 1 a board spokesman said. The spokesman declined to give the size of the recommended price drops but said it would not be good news for western Cana... | CANADA WHEAT BOARD ADVISES CUT IN GRAIN PRICES |
The ruling GATT Council deferred a decision on whether to set up a dispute panel on the basis of a European Community complaint against the U.S.- Japanese agreement on exports of computer semiconductors. David Woods spokesman of the General Agreement on Tariffs and Trade (GATT) told a news briefing that the main partie... | GATT COUNCIL DEFERS DECISION ON SEMICONDUCTORS |
First Southern Federal Savings and Loan Association said it has agreed in principle to acquire Horizon Financial Corp and Horizon Funding corp from <Victor Federal Savings and Loan Association> of Muskogee Okla. for undisclosed terms. The company said the purchase is subject to approval of the boards of First Southe... | FIRST SOUTHERN <FSFA> TO MAKE ACQUISITION |
Shr 71 cts vs 43 cts Net 7274000 vs 4447000 Rev 161.6 mln vs 77.6 mln Year Shr 1.51 dlrs vs 1.32 dlrs Net 15401000 vs 13525000 Rev 454.0 mln vs 304.9 mln Reuter | DANAHER CORP <DHR> 4TH QTR NET |
<Chatsworth Enterprises Inc> a publicly held shell corporation said it signed a letter of intent to merger with <Lotoquik International Ltd> a Nassau Bahamas-based maker of video lottery machines. Under terms of the merger agreement Chatsworth said Lotoquik shareholders would own a majority of the surviving compa... | FIRM AGREES TO MERGE WITH LOTOQUIK INT'L |
<Asbestec Industries Inc> said it signed a letter of intent to buy asbestos abatement contractor <P.W. Stephens> for three mln dlrs in cash stock and notes. The transaction is expected to be completed early in the third quarter of its fiscal year ending September 30 1987. Asbestec also said it expects to sign Mar... | ASBESTEC TO BUY CONTRACTOR, RECEIVES CONTRACT |
The ruling GATT Council set up a formal dispute panel to examine a U.S. Complaint that a Canadian law prohibiting export of unprocessed herring and salmon was discriminatory. David Wood official spokesman of the General Agreement on Tariffs and Trade (GATT) told a news briefing the decision was taken after bilateral co... | GATT SETS UP DISPUTE PANEL ON CANADIAN HERRING |
colombias cost of living index rose 2.03 pct in february after a 3.27 pct increase in january and a 3.15 pct rise in february 1986 the government statistics institute said. The rise brought year-on-year inflation to 19.77 pct compared with 23.72 pct at end-february 1986 and 21.66 pct for the year ending january 1987. T... | COLOMBIAN INFLATION RISES 2.03 PCT IN FEBRUARY |
General Motors Corp staged an explosive rally on Wall Street after a share buyback program announced yesterday but analysts said GMs future remains clouded by stiff competition and erosion of market share. GM shares rose 3-1/2 to 79-1/8 in active trading. Analysts agreed that investors liked the repurchase program but ... | TALKING POINT/GENERAL MOTORS <GM> |
EMS Systems Ltd said it has signed an agreement for <Teleco USA Inc> to sell EMS Six-Party Conference Bridge for telecommunications through the Teleco network of 150 dealers nationwide. Reuter | EMS SYSTEMS <EMSIF> IN MARKETING DEAL |
Parsow Partnership Ltd a Nevada investment partnership said it lowered its stake in ERC International Inc to 343500 shares or 8.3 pct of the total outstanding common stock from 386300 shares or 9.3 pct. In a filing with the Securities and Exchange Commission Parsow said it sold 42800 ERC common shares between Jan 9 and... | PARTNERSHIP CUTS STAKE IN ERC INTERNATIONAL<ERC> |
Healthy growth in corporate profits and in consumer spending the two pillars on which Japan rests its hopes of sustained economic growth both look rotten at the core economists polled by Reuters said. Profits and domestic consumption are meant to replace exports as the engine of growth. But close ties between corporate... | ECONOMIC SPOTLIGHT - JAPAN LOW GROWTH MODEL |
Iranian Oil Minister Gholamreza Aqazadeh is expected here on Friday for talks with his Algerian counterpart Belkacem Nabi the official Algerian news agency APS said today. Aqazadeh who will be accompanied by a large delegation will have talks on bilateral relations in the field of energy and exchange views with Algeria... | IRANIAN OIL MINISTER DUE IN ALGERIA ON FRIDAY |
Northern Telecom Ltd said it signed a contract with the Peking Telecommunications Administration and the Peking Foreign Trade Corp to supply an SL-1 automatic call distributor system for Pekings central telephone office. Financial terms were undisclosed. It said Pekings telephone company would use the system to receive... | NORTHERN TELECOM <NT> IN PHONE PACT WITH CHINA |
Net 52.9 mln vs 21.9 mln NOTE: Company is mutual savings bank. Reuter | <GOLDOME FSB> YEAR NET |
Oper shr 18 cts vs 28 cts Oper net 1076000 vs 1441000 Sales 22.6 mln vs 21.2 mln Avg shrs 5970000 vs 5080000 Year Oper shr 55 cts vs 49 cts Oper net 3007000 vs 2521000 Sales 82.9 mln vs 73.7 mln Avg shrs 5429000 vs 4484000 Note: Full company name is Bear Automotive Service Equipment Co Oper shr excludes extraordinary p... | BEAR AUTOMOTIVE SERVICE <BEAR> 4TH QTR OPER NET |
Environmental Power Corp said its subsidiary Environmental Protection Resources Inc of Houston has been hired to build a 20 mln dlr resource recovery plant for Lubbock Texas. Environmental said its subsidiary also will own and operate the plant which will convert solid waste into electricity. The plant is scheduled for... | ENVIRONMENTAL POWER <POWR> UNIT GETS CONTRACT |
Softech Inc said it was awarded a 1035767 mln dlr contract by the U.S. Air Force Aeronautical Systems Division at Wright-Patterson Air Force base. Under the seven-month contract which carries four one-year renewal options Softech said it will continue to operate the Defense Departments Ada Validation Facility and JOVIA... | SOFTECH <SOFT> GETS AIR FORCE CONTRACT |
The U.K. Offshore oil industry has suffered from last years collapse in oil prices but should not sustain any permament damage Minister of State for Energy Alick Buchanan-Smith said. The drilling diving and supply vessels sectors had been most affected Buchanan Snith told the House of Commons energy committee. He noted... | U.K. OIL INDUSTRY SAID NOT PERMANENTLY DAMAGED |
<Chase Manhattan Bank N.A.> is considering expanding its operations in Italy particularly in the consumer banking sector a Chase Manhattan official said. Robert D. Hunter Chase Manhattan area executive for Europe Africa and the Middle East said at a news conference that plans to broaden the banks activities on the I... | CHASE MANHATTAN STUDYING ITALIAN EXPANSION |
International H.R.S. Industries Inc said it would reduce its stake in Hal Roach Studios Inc to 22 pct from 52 pct in return for 6.3 mln U.S. dlrs from Qintex Incs Qintex America (Media) Ltd unit. H.R.S. said that under the deals first stage closng March 22 it would sell Qintex 900000 Hal Roach shares at seven U.S. dlrs... | HRS <IHIRF> REDUCING STAKE IN HAL ROACH <HRSI> |
The National Labor Relations Board said it issued an unfair Labor practice complaint against First Union Management a unit of First Union Real Estate Investments <FUR> for discouraging membership in a labor organization. The NLRB said the complaint asserts First Union Management hired a cleaning contractor <Syste... | FIRST UNION REAL ESTATE UNIT HIT WITH LABOR SUIT |
French oil group Total Cie Francaise des Petroles <TPN.PA> is still expecting a 1.5 billion franc consolidated net loss including minority interests for 1986 after taking account of stock losses of 7.5 billion francs the company said in a communique after a board meeting here. In late January group president Francoi... | TOTAL STILL EXPECTS 1.5 BILLION FRANC 1986 LOSS |
A consortium of electrics industry firms to challenge Japans presence in the global semiconductor market was announced by the Semiconductor Industry Association. The initiative will be funded by U.S. manufacturers to develop the most advanced semiconductor manufacturing technologies the association said at a news confe... | U.S. SEMICONDUCTOR INDUSTRY FORM CONSORTIUM |
GENERAL MOTORS CANADA FEBRUARY CAR SALES FALL TO 25,779 UNITS FROM YEAR-AGO 31,361 | |
CHRYSLER TO SPEND 367 MLN DLRS ON MODEL CHANGEOVER AT ILLINOIS PLANT | |
American Ventures Inc said it and joint venture partner <Sagamore Corp> have executed an engagement letter for <Donaldson Lufkin and Jenrette Securities Corp> to assist in arranging the financing for the 80 megawatt Mon Valley coal-fired fluidized bed cogeneration project in Greene County Pa. The company said the... | <AMERICAN VENTURES INC> HAS COGENERATION FUNDING |
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