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The European Community (EC) has effectively given Japan six weeks to take moves to open its market to imports before it decides on possible tough retaliatory trade measures EC diplomats said. They said EC foreign ministers will meet on May 25 and 26 to review the state of trade relations between the two sides. The EC e... | EC COULD DECIDE ON JAPAN TRADE MOVES IN LATE MAY |
P.H. Glatfelter Co said it has reached an agreement to acquire all the capital stock of <Ecusta Corp> for 149177857 dlrs in cash. Glatfelter a printing and writing paper maker said Ecusta operates an uncoded three sheet and light-weight specialty paper mill in Pisgah Forest N.C. The mill produces and converts paper ... | P.H. GLATFELTER <GLT> ACQUIRING ECUSTA |
Greenwhich Pharmaceuticals Inc <GRPI.O> said it has completed a private placement of its common stock generating more than eight mln dlrs in net proceeds. These funds together with the two mln dlrs in cash currently held by the company will be used to complete its Therafectin rheumatoid arthritis drug development pr... | GREENWICH PHARMACEUTICALS COMPLETES PLACEMENT |
NCR CORP 1ST QTR SHR 65 CTS VS 51 CTS | |
CECOS International Inc a subsidiary of Browning-Ferris Industries Inc said it expects the U.S. Environmental Protection Agency to sue the company claiming non-compliance with regulatory requirements at CECOS Livingston Louisiana hazardous waste treatment plant. CECOS said the EPA advised the company it intendend to se... | BROWNING-FERRIS <BFI> UNIT SEES EPA LAWSUIT |
First Marathon Inc said it planned a two-for-one stock split to be effective on shareholders approval at the June 4 annual meeting. The financial services company said it also completed the previously reported 29.6 mln dlr private placement of 1.5 mln non-voting preferred shares convertible one-for-one into non-voting ... | FIRST MARATHON <FMS.A.TO> PLANS STOCK SPLIT |
Shr 66 cts vs 57 cts Net 20.0 mln vs 17.1 mln Avg shrs 30.3 mln vs 30.0 mln Reuter | U.S. BANCORP <USBC> 1ST QTR NET |
International Business Machines Corp said shipments and revenues were higher in the first quarter but net earnings fell 22.8 pct in part due to higher expenses. IBM said net income fell to 785 mln dlrs or 1.30 dlrs a share from 1.02 billion dlrs or 1.65 dlrs on about 1.8 pct fewer shares outstanding. While total sales ... | IBM <IBM> HAS HIGHER SHIPMENTS, COSTS IN QTR |
Graan Elevator Mij GEM said its balance in port of grains oilseeds and derivatives rose to 146000 tonnes on April 11 from 111000 a week earlier after arrivals of 404000 tonnes and discharges of 369000 tonnes last week. The balance comprised 21000 tonnes of grains plus oilseeds and 125000 tonnes of derivatives. This wee... | ROTTERDAM GRAIN HANDLER SAYS PORT BALANCE ROSE |
Shr 15 cts vs 15 cts Net 689561 vs 784088 Sales 19.2 mln vs 19.8 mln Avg shrs 4.7 mln vs 5.3 mln NOTE: 1986 net includes a gain of 108000 dlrs or two cts a share from proceeds from the sale of property. Reuter | LINDBERG CORP <LIND> 1ST QTR NET |
Belgelectric Finance BV is raising 300 mln Luxembourg francs through a five year non-callable bullet bond carrying a 7-1/4 pct coupon at par lead manager Banque Internationale a Luxembourg SA (BIL) said. The private placement for the Belgian utilities finance company is for payment on May 26 and coupon payments are ann... | BELGELECTRIC RAISES 300 MLN LUXEMBOURG FRANCS |
Four of West Germanys five leading economic research institutes warned that excessive monetary growth threatened a resurgence of inflation. But in a dissenting view the DIW institute in West Berlin echoing recent statements by leading Bundesbank officials said the expansion seen over the last 1-1/2 years did not necess... | GERMAN INSTITUTES WARN ON MONEY SUPPLY |
Shr 65 cts vs 51 cts Net 61.5 mln vs 50.2 mln Revs 1.12 billion vs 960.8 mln Avg shrs 95.3 mln vs 99.4 mln Reuter | NCR CORP <NCR> 1ST QTR NET |
West German producer prices fell 0.1 pct in March compared with February to stand 3.9 pct lower than in March last year the Federal Statistics Office said. In February producer prices fell 0.3 pct from January and dropped 4.2 pct from their levels a year earlier. The Statistics Office said producer prices for natural g... | GERMAN PRODUCER PRICES FALL 0.1 PCT IN MARCH |
The U.S. Agriculture Department has lowered its ASCS terminal prices for low protein hard red winter and hard red spring wheat at a number of locations a senior USDA official said. USDA reduced the price of hard red winter wheat at Kansas City and Texas by six cents at Minneapolis and Duluth by 32 cents and at St Louis... | USDA CHANGES LOW PROTEIN WHEAT TERMINAL PRICES |
Alcide Corp said preliminary experimental results obtained using a formulation it has developed for the disinfection of blood platelets indicate feasibility for the approach. The company notes there have been recent increases in reports of transmission of microbial infections in recipients of platelets which are used i... | ALCIDE <ALCD.O> SAYS TESTS ENCOURAGING |
Texaco Canada Inc said its business operations its plans and financial integrity are unaffected by yesterdays move by 78 pct-owner Texaco Inc <TX> to file for protection under U.S. bankruptcy law. Texaco Canada chief executive Peter Bijur said in a statement that it is business as usual for us on Monday morning. Tex... | TEXACO CANADA <TXC> UNAFFECTED BY LEGAL MOVE |
The Federal Home Loan Bank Board adjusted the rates on its short-term discount notes as follows: MATURITY NEW RATE OLD RATE MATURITY 30-140 days 5.00 pct 5.00 pct 30-179 days 141-160 days 6.13 pct 6.08 pct 180-200 days 161-182 days 5.00 pct 5.00 pct 201-274 days 183-200 days 6.17 pct 6.18 pct 275-290 days 201-360 days ... | FHLBB CHANGES SHORT-TERM DISCOUNT NOTE RATES |
Shr 51 cts vs 40 cts Net 1.4 mln vs 851000 Revs 9.8 mln vs 6.5 mln Six months Shr 74 cts vs 50 cts Net 2.0 mln vs 1.1 mln Revs 17.7 mln vs 11.3 mln Avg shrs 2.7 mln vs 2.1 mln NOTE:Quarter ended March 31. 1987 six months includes charge of 115000 dlrs due to reversal of investment tax credits. Reuter | GALILEO ELECTRO-OPTICS CORP <GAEO> 2ND QTR |
GREAT LAKES FOREST PLANS 390 MLN DLR ONTARIO EXPANSION | |
Boston Five Cents Savings Bank said it and Neworld Bank for Savings have agreed to merge forming a new holding company Boston Five Bancorp. Boston Five said the proposal calls for its holders to receive 1.163 shares of the new companys stock for each share now held and for Neworld Bank holders to recieve one share for ... | BOSTON FIVE <BFCS.O>, NEWORLD <NWOR.O> TO MERGE |
Coopervision Inc said it is preparing a recapitalization plan which includes a common stock repurchase program and an exchange of debt securities for common stock. The plan along with a proposal to change its name to Cooper Cos Inc will be submitted for shareholders approval at the companys annual meeting on June 22. T... | COOPERVISION <EYE> FORMS RECAPITALIZATION PLAN |
Colombia has opened coffee registrations for June shipment with no limit set for private exporters as in April and May a National Coffee Growers Federation official said. Colombia has sold an average of 900000 bags per month since the beginning of the calendar year. Reuter | COLOMBIA JUNE COFFEE REGISTRATIONS OPENED |
U.S. FEDERAL HOME LOAN BANKS SET OFFERING TOTALING 2.135 BILLION DLRS | |
CANADA LEADING INDICATOR UP 0.4 PCT IN JANUARY AFTER 0.4 PCT DECEMBER RISE - OFFICIAL | |
Spains principal measure of money supply the broad-based liquid assets in public hands (ALP) grew at an annualised rate of 17.6 pct in March against 16.6 pct in February and 19.6 pct in March last year provisional Bank of Spain figures show. The banks target range for this year is 6.5 to 9.5 pct and Bank of Spain Gover... | SPANISH MONEY SUPPLY GROWING AT DOUBLE TARGET PACE |
Shr 72 cts vs 52 cts Net 38.6 mln vs 25 mln Revs 281.8 mln vs 174.5 mln Avg shrs 53.5 mln vs 48.2 mln NOTE: 1987 1st quarter amounts do not includes sales of AVIA Group International Inc acquired at the end of the first quarter. 1987 1st quarter revenues include Rockport revenues of 31 mln dlrs. 1986 1st quarter amount... | REEBOK INTERNATIONAL LIMITED <RBK> 1ST QTR |
Oper shr 16 cts vs three cts Oper net 1930000 vs 391000 Revs 313.9 mln vs 308.9 mln Avg shrs 11.9 mln vs 12.0 mln Year Oper shr 60 cts vs 27 cts Oper net 7215000 vs 3340000 Revs 1.23 billion vs 1.16 billion Avg shrs 11.9 mln vs 12.0 mln NOTE: Prior year net excludes gains 4896000 dlrs in quarter and 8873000 dlrs in yea... | BLOUNT INC <BLT> 4TH QTR NET |
The Bank of England said it gave the market late assistance of around 210 mln stg bringing its total help on the day to some 353 mln stg. This compares with the Banks estimate of the liquidity shortage of around 450 mln stg raised from its early forecast of 400 mln stg. REUTER | U.K. MONEY MARKET GIVEN LATE HELP OF 210 MLN STG |
Giant Bay Resources Ltd said it signed an agreement in principle with Hecla Mining Co for an operating joint venture on Heclas Stibnite Idaho gold deposit. Giant Bay said if its bioleaching technology is used for ore processing it will have the right to acquire a working interest in the property. It said it may spend a... | GIANT BAY <GBYLF> IN IDAHO GOLD VENTURE |
Blue Arrow PLC said it signed an agreement to acquire Richards Consultants Ltd for 29 mln dlrs in cash and securities. Richards is a privately-owned New York-based executive recruitment firm. As part of the agreement Blue Arrow said the four principal shareholders who manage Richards will enter into long-term service c... | BLUE ARROW TO ACQUIRE RICHARDS CONSULTANTS |
Merry-Go-Round Enterprises Inc said its board declared a three-for-two stock split payable May One to holders of record April 17. Reuter | MERRY-GO-ROUND <MGRE> SETS STOCK SPLIT |
Asarco Inc said it is increasing its base spot sales price for refined lead by one-half cent to 27.0 cents a lb FOB delivered in carload lots effective immediately. Reuter | ASARCO UPS U.S. LEAD PRICE 0.50 CT TO 27 CTS |
Italys state-owned Ente Nazionale per lEnergia Elettrica (ENEL) is issuing a 15 billion yen eurobond due May 27 1994 paying 4-3/4 pct and priced at 101-7/8 pct joint-lead bookrunner IBJ International Ltd said. Morgan Stanley International is the other joint-lead bookrunner and appears on the left in documentation. The ... | ENEL ISSUES 15 BILLION YEN EUROBOND |
IRVING BANK CORP 1ST QTR SHR 1.51 DLRS VS 1.62 DLRs | |
Saudi Arabia has speeded up reform of its financial system with a package of measures designed to boost the economy and open up the Kingdom to the lucrative world of investment banking. Bankers in Saudi Arabia detect a fundamental shift in policy stemming from a need to tackle the underlying contradiction between an Is... | SAUDI ARABIA LIBERALISES BANKING SYSTEM |
GENERAL NUTRITION FILES FOR SECONDARY OFFERING OF EIGHT MLN COMMON SHARES | |
Shr 1.51 dlr vs 1.62 dlr Net 28.6 mln vs 30.4 mln Assets 23.8 billion vs 20.9 billion Deposits 15.5 billion vs 14 billion Loans 13.8 billion vs 12 billion Reuter | IRVING BANK CORP <V> 1ST QTR NET |
General Nutrition Inc filed a registration statement with the Securities and Exchange Commission for a secondary offering of eight mln common shares. All the shares are being sold by the estate of David Shakarian the founder of the company. Kidder Peabody and Co Inc will be the sole manager of the underwriting. The Sha... | GENERAL NUTRITION <GNC> FILES FOR OFFERING |
TEXACO NOT REQUIRED TO POST BOND IN APPEAL OF PENNZOIL JUDGMENT, COURT SAYS | |
Shr 28 cts vs 32 cts Net 2823000 vs 3216000 Rev 47.9 mln vs 42.9 mln NOTE: The 1986 earnings per share adjusted for a four for three stock distribution paid May 1986. Reuter | O'SULLIVAN CORP <OSL> 1ST QTR NET |
FRENCH 13-WEEK T-BILL AVERAGE RATE RISES TO 7.39 PCT FROM 7.36 PCT - OFFICIAL | |
Shr 15 cts vs 14 cts Net 2028000 vs 1879000 Revs 32.1 mln vs 29.5 mln Reuter | PARK COMMUNICATIONS INC <PARC> 1ST QTR NET |
NVHomes LP said April 30 will be the distribution date for new units as a result of its previously-announced two-for-one split to unitholders of record April 20. Reuter | NVHOMES <NVH> SETS SPLIT PAYMENT DATE |
 BERKEY INC <BKY> 4TH QTR NET GREENWICH Conn. April 13 Oper shr profit one cent vs loss 32 cts Oper net profit 64000 vs loss 1496000 Revs 47.1 mln vs 60.4 mln 12 mths Oper shr loss 2.87 dlrs vs loss 70 cts Oper Net loss 13.5 mln vs loss 3267000 Revs 166.6 mln vs 159.8 mln NOTE: qtr 1985 excludes profit 663000 dl... | |
DILLARD DEPARTMENT STORES AGREES TO BUY TWO ALLIED STORES UNITS FOR 255 MLN DLRS CASH | |
CHEMICAL NEW YORK CORP 1ST QTR SHR 1.58 DLRS VS 1.93 DLRS | |
Bankers Trust Co said it is raising its broker loan rate to 7-1/2 pct from 7-1/4 pct effective immediately. U.S. Trust Co the only other bank to publicize its broker rate was already posting 7-1/2 pct. Reuter | BANKERS TRUST <BT> RAISES BROKER LOAN RATE |
MOODY'S MAY DOWNGRADE IRVING BANK CORP, AFFECTS 950 MLN DLRS OF DEBT | |
Pennzoil Co lawyers said they plan to file documents challenging Texaco Incs Chapter 11 bankruptcy proceedings in the Southern District of New York. John Jeffers a Houston lawyer representing Pennzoil in its 10.53 billion dlr dispute with Texaco over the acquisition of Getty Oil Co said he expected the challenge to be ... | PENNZOIL<PZL> TO CONTEST TEXACO <QTX> BANKRUPTCY |
Pentland Industries PLC said it report a substantial capital gain from the sale of part of its holdings in Reebok International Limited which will cut its stake in Reebok to 32.2 pct from 36.7 pct. It said Reebok filed a registration statement with the Securities and Exchange Commission for the offering of six mln shar... | PENTLAND TO REDUCE REEBOK <RBK> HOLDINGS |
SEARS ROEBUCK SAID IT WILL REDEEM ALL ADJUSTABLE RATE PREFERRED SHARES, FIRST SERIES | |
The Office of Finance of the Federal Home Loan Banks announced a debt offering totalling 2.135 billion dlrs consisting of three issues. The issues are 1.2 billion dlrs maturing April 25 1989; 635 mln dlrs maturing April 27 1992; and 300 mln dlrs maturing April 25 1994. The office said the issues will be priced and offe... | U.S. HOME LOAN BANKS SET 2.135 BILLION DLR OFFER |
Canadas leading composite indicator rose 0.4 pct in January with eight of the 10 major components posting gains the most widespread monthly advance in the past year Statistics Canada said. The index also gained 0.4 pct in the preceeding month. The unfiltered index however fell 0.1 pct in January after rising 1.0 pct in... | CANADA JANUARY LEADING INDICATOR UP 0.4 PCT |
Net 17.7 mln vs 15.3 mln NOTE: <National Westminster Bank PLC> subsidiary. Loan loss provision 13.8 mln vs 13.0 mln Investment securitiesd gaons 2003000 dlrs vs 169000 dlrs. Figures in dollars. Reuter | <NATIONAL WESTMINSTER BANK PLC> 1ST QTR NET |
Irving Bank Corp said the decline in its first quarter earnings to 28.6 mln dlrs from 30.4 mln dlrs in the year-ago period were due to the placement on a non-accrual basis of 215 mln dlrs and 33 mln dlrs of medium and long-term loans to borrowers in Brazil and Equador. Excluding the impact of the non-accrual loans Irvi... | IRVING BANK <V> CITES LOANS IN EARNING DECLINE |
Sears Roebuck and Co said it will redeem all its outstanding adjustable rate preferred shares first series. The redemption price is 103.79 dlrs a share which includes accrued and unpaid dividends from April 1 1987 to the date of redemption of 79 cts a share. Of the 50 mln shares authorized 2.5 mln were issued the compa... | SEARS <S> TO REDEEM ADJUSTABLE RATE PREFERRED |
Global Petroleum corp said today it lowered the posted cargo prices for number six fuel in the new york harbor 45 to 75 cts a barrel effective today. The decrease brings the prices for one pct sulphur to 20.75 dlrs down 45 cts two pct sulphur 20.10 dlrs down 75 cts 2.2 pct sulphur 19.75 dlrs down 75 cts and 2.5 pct sul... | GLOBAL LOWERS HEAVY FUELS PRICES |
shr 1.58 dlrs vs 1.93 dlrs net 86220000 vs 102629000 avg shrs 50831512 vs 49156828 assets 61.04 billion vs 57.95 billion loans 38.76 billion vs 39.68 billion deposits 38.20 billion vs 33.14 billion return on assets 0.57 pct vs 0.71 pct return on common equity 11.47 pct vs 15.19 pct NOTE: 1987 qtr net reduced by 12 mln ... | CHEMICAL NEW YORK CORP <CHL> 1ST QTR NET |
The Commodity Credit Corporation (CCC) has accepted a bid for an export bonus to cover the sale of 2750 head of dairy cattle to the Canary Islands the U.S. Agriculture Department said. The cattle are for delivery May 1987-October 1988 it said. The bonus was 1379.00 dlrs per head and was made to Holstein-Friesian Inc an... | CCC ACCEPTS BONUS ON CATTLE TO CANARY ISLANDS |
Shr primary 54 cts vs 41 cts Shr diluted 51 cts vs 38 cts Net 9098000 vs 5.924000 Revs 111.7 mln vs 85.0 mln Avg shrs primary 16889254 vs 14500737 Reuter | AFG INDUSTRIES INC <AFG> 1ST QTR NET |
Preparatory work for construction of a 450 mln dlr alumina plant near the village of Aghia Efthymia in the Greek province of Fokida will begin at the end of next month and the plant will be operational by 1992 Industry Undersecretary George Petsos said. Greece yesterday signed contracts with the Soviet Union for the jo... | WORK ON GREEK ALUMINA PLANT TO START END MAY |
Shr 62 cts vs 26 cts Net 2312000 vs 944000 NOTE: 1987 includes five ct shr charge from loan loss provision. Reuter | <NEW MILFORD SAVINGS BANK> 1ST QTR NET |
Commonwealth Aluminum (Comalco) said it put its Goldendale Wash. smelter back on the market after would-be buyer Columbia Aluminum Corp of Hermiston Ore. failed to pull together financing by an April one deadline. The plant which has an asking price of 18.7 mln dlrs plus several mln more dlrs for inventory it said. Com... | COMMONWEALTH ALUMINUM PUTS PLANT ON THE BLOCK |
Alza Corp <AZA> a U.S. Pharmaceutical products concern is issuing a 75 mln dlr convertible eurobond due May 8 2002 with an indicated coupon of 5-1/2 to 5-3/4 pct and par pricing lead manager Merrill Lynch Capital Markets said. The bond is available in denominations of 1000 and 10000 dlrs and will be listed in Luxemb... | ALZA CORP ISSUES 75 MLN DLR CONVERTIBLE BOND |
Interfinco S.A. Of Luxembourg is launching a 50 mln Swiss franc five-year convertible bond with an indicated coupon of 2-1/2 pct lead manager S.G. Warburg Soditic SA said. The issue guaranteed by Cofide-Compagnia Finanziaria de Benedetti SpA of Turin Italy is convertible into shares of <CIR SpA - Compagnie Industria... | INTERFINCO SETS 50 MLN SFR FIVE-YEAR CONVERTIBLE |
Standard and Poors Corp said it downgraded to D about 8.4 billion dlrs of debt of Texaco Inc and the oil companys subsidiaries. The rating agency cited Texacos filing over the weekend for protection under Chapter 11 of the Bankruptcy Code while Texaco seeks judicial relief from an 8.5 billion dlr plus interest and cost... | S/P DOWNGRADES TEXACO'S <TX> DEBT TO 'D' |
Shr 84 cts vs 80 cts Net 82416000 vs 67819000 Revs 703.9 mln vs 759.7 mln Avg shrs 98369307 vs 84807498 Loans 19.06 billion vs 19.51 billion Deposits 21.60 billion vs 19.86 billion Assets 27.16 billion vs 27.15 billion Note: Prior qtr per shr figure adjusted for three-for-one stock split of May 1986. Reuter | H.F. AHMANSON AND CO <AHM> 1ST QTR NET |
Du Pont Overseas Capital N.V. a unit of Du Pont Co said it will redeem on May 15 all 189 mln dlrs of its outstanding 13-3/4 pct guaranteed retractable notes due 1997. It will buy back the notes at par value plus accrued interest Du Pont Overseas said. Reuter | DU PONT <DD> UNIT TO REDEEM NOTES |
Berkey Inc said it elected Jonathan Taplin as its chairman replacing A. Michael Victory who will remain as a company director. Taplin was formerly a director of the company Berkey said. In addition the company said it will raise four mln dlrs through a privately-placed convertible preferred stock offering and other sec... | BERKEY <BKY> ELECTS CHAIRMAN, RAISES 4 MLN DLRS |
Pakistan is reported to have bought 100000 tonnes of white sugar at its weekend tender from a North Korean operator traders said. The purchase believed priced around 210 dlrs a tonne cost and freight for fine/medium grain was due to be shipped for arrival in May (30000 tonnes) in June (45000) and in July (25000 tonnes)... | PAKISTAN REPORTEDLY BOUGHT WHITE SUGAR AT TENDER |
bank of england to auction up to 3.25 billion stg in gilts, first auction in mid-may | |
EKN Bank of Nidwalden is launching a 25 mln Swiss franc 2-1/2 pct 10-year bond with warrants at par lead manager Bank Leu AG said. Each 1000-franc bond carries a warrant entitling the holder to buy one 200-franc nominal EKN bearer share for 510 francs. Subscriptions close April 24. REUTER | EKN BANK SETS 25 MLN SWISS FRANC WARRANT BOND |
Moodys Investors Service Inc said it may downgrade the top-flight Aaa ratings of Societe Generale Banque Nationale de Paris and Credit Lyonnais. The rating agency cited the ongoing deregulation of the French banking industry and financial markets. Moodys said it anticipates increasing competition and reduced profitabil... | MOODY'S MAY DOWNGRADE THREE FRENCH BANKS |
The Federal Reserve is expected to enter the U.S. Government securities market to add temporary reserves directly by arranging three-day System repurchase agreements economists said. They said the Fed may add the reserves indirectly instead via a large round two billion dlrs or more of customer repurchase agreements. F... | FED EXPECTED TO SET THREE-DAY REPURCHASE PACTS |
Dillard Department Stores Inc based in Little Rock Ark. and Allied Stores Corp jointly said they entered a definitive purchase agreement for the sale to Dillard of the Joskes and the Cain-Sloan divisions of Allied for 255 mln dlrs cash subject to certain closing adjustments. The sale excludes certain real estate assets... | ALLIED STORES <ALS> SELLS DILLARD <DDS> TWO UNITS |
A Texas State Court of Appeal agreed that Texaco Incs bankruptcy petition effectively stays the companys obligation under Texas law to post a bond in its 10.53 billion dlr litigation against Pennzoil Co <PZL>. In a brief hearing before a three-judge appeals court Texaco attorney James Sales said the companys motion ... | TEXACO <QTX> NOT REQUIRED TO POST BOND |
The Chicago Board of Trades (CBT) April Major Market Index (MMI) stock index futures will expire 1515 CDT Thursday instead of Friday because of the Good Friday holiday the exchange said. The Chicago Board Options Exchange said April options on the Standard and Poors 100 and 500 stock indexes currency options and about ... | CBT MMI STOCK INDEX FUTURES TO EXPIRE THURSDAY |
U.S. drilling activity slowed marginally in the week ended today as the number of active rotary rigs fell by three to 749 against 917 one year ago Hughes Tool Co said. The latest total included 662 working land rigs 70 offshore rigs and 17 in inland waters. Among individual states California dropped by three Colorado b... | HUGHES' U.S. RIG COUNT DOWN THREE THIS WEEK |
NCR Corp earlier reporting higher first quarter profit said it continues to expect that it will report record earnings and revenue for all of 1987. Our optimism is based on our incoming order rates and the strength of our product lines the company said. NCR Corp plans additional new product announcements this year it s... | NCR <NCR> CONTINUES TO EXPECT EARNINGS GROWTH |
Period ended February 28 Shr loss 11 cts vs loss 11 cts Net loss 1309000 vs loss 937000 Revs 5271000 vs 4417000 Avg shrs 11690000 vs 8724000 Reuter | GENETICS INSTITUTE INC <GENI.O> 1ST QTR LOSS |
Prime Computer Inc said tomorrow it will introduce two new high-end superminicomputers. The company said the machines will significantly expand the performance of its 50 Series product line. It gave no further details. Reuter | PRIME COMPUTER <PRM> TO INTRODUCE NEW MACHINES |
Entre Computer Centers Inc said it is discontinuing its European and Australian operations. The company today reported a loss for the second quarter ended February 28 of 2733000 dlrs after a 6705000 dlr pretax provision for the shutdown of the overseas units and a 2511000 dlr tax credit. A year earlier it earned 911000... | ENTRE COMPUTER <ETRE.O> CLOSING OVERSEAS UNITS |
Moodys Investors Service Inc said it may downgrade 950 mln dlrs of debt of Irving Bank Corp and lead bank Irving Trust Co. The rating agency said it will assess Irvings ability to substantially improve operating results in increasingly competitive markets. The review will also focus on Irvings shifting risk profile in ... | MOODY'S MAY DOWNGRADE IRVING <V> DEBT |
State bank Banca Commerciale Italiana (BCI) said it is launching a 50 billion lire eurobond on behalf of Merrill Lynch & Co. Due May 26 1992 paying 10 pct and priced at 100 -1/2 pct. BCI said in a statement that it is leading an international underwriting consortium of 25 banks and financial institutions. The bank ... | ITALY'S BANCA COMMERCIALE TO LAUNCH EUROLIRE BONDS |
Shr loss 29 cts vs profit 10 cts Net loss 2733000 vs profit 911000 Revs 21.5 mln vs 18.5 mln 1st half Shr loss 23 cts vs profit 26 cts Net loss 2154000 vs profit 2445000 Revs 37.8 mln vs 37.7 mln NOTE: Current year net both periods includes 6705000 dlr pretax provision for closing overseas operations and tax credits 25... | ENTRE COMPUTER CENTERS INC <ETRE> 2ND QTR LOSS |
Merrill Lynch and Co said investment banking revenues were strong in the first quarter rising to 257.4 mln dlrs from 152.9 mln in the first quarter 1986. We have made steady progress in a period of market activity which has been marked by unprecedented activity William Schreyer chairman and cheif executive officer and ... | MERRILL LYNCH <MER> INVESTMENT REVENUES UP |
DSC Communications Corp said it amended an existing long term supply contract with MCI Communications Corp <MCIC> for deliveries of a new tandem switch. Deliveries of the switch the DEX 600E are scheduled to begin in third quarter of 1988 and end by year-end 1989 the telecommunications systems company said. The new ... | DSC COMMUNICATIONS <DISI.O> AMENDS SUPPLY PACT |
Woodward and Lothrop Inc said president David Mullen resigned and will be replaced by Tom Roach effective April 20 1987. Woodward and Lothrop a privately held retailer said Mullen has stated his desire to pursure other business interests. Roach joined J.W. Robinson Inc of Los Angeles as chairman in March 1986 resigning... | WOODWARD AND LOTHROP PRESIDENT RESIGNS |
Feb 28 end Shr profit four cts vs loss nil Net profit 448000 vs loss 28000 Revs 15.1 mln vs 11.5 mln Avg shrs 11.2 mln vs 11.1 mln Year Shr profit four cts vs profit nil Net profit 459000 vs profit 51000 Revs 53.2 mln vs 44.5 mln Avg shrs 11.2 mln vs 11.1 mln NOTE: Net includes tax credits of 53000 dlrs vs 1023000 dlrs... | STANDARD MICROSYSTEMS CORP <SMSC.O> 4TH QTR NET |
Oper shr 39 cts vs 47 cts Oper net 2104462 vs 2452420 Revs 4675904 vs 4744248 Avg shrs 5427561 vs 5139415 1st half Oper shr 82 cts vs 93 cts Oper net 4418718 vs 4609613 Revs 9346483 vs 9338590 Avg shrs 5427486 vs 4943966 NOTE: Current year net excludes gains on sale of real estate of 470778 dlrs in quarter and 1533273 ... | PENNSYLVANIA REAL ESTATE INVESTMENT TRUST <PEI> |
Shr profit four cts vs loss one cts Net profit 172000 vs loss 180000 Revs 4.2 mln vs 883000 Six months Shr profit nine cts vs loss four cts Net profit 315000 vs loss 107000 Revs 7.4 mln vs 1.8 mln Avg shrs 4.4 mln vs 2.6 mln Reuter | ALLWASTE INC <ALWS.O> 2ND QTR FEB 28 |
Combustion Engineering Inc said its C-E Environmental Systems and Services Inc unit agreed to work with Keeler/Dorr-Oliver a unit of Standard Oil Co <SRD> to develop systems to destroy hazardous wastes. Under the teaming arrangement Keeler/Dorr-Oliver will supply fluid bed technology equipment and services. C-E Envi... | COMBUSTION ENGINEERING <CSP> IN SYSTEMS PACT |
Shr 37 cts vs 37 cts Net 687888 vs 441659 Revs 7.9 mln vs 6.8 mln Nine months Shr 1.12 dlrs vs 1.07 dlrs Net 1.8 mln vs 1.3 mln Revs 23.2 mln vs 19.7 mln Avg shrs 1.6 mln vs 1.2 mln NOTE:Full name is Scott and Stringfellow Financial Corp. Reuter | SCOTT AND STRINGFELLOW <SCOT.O> 3RD QTR MAR 31 |
General Nutrition Inc said it has filed for a secondary offering of eight mln common shares. It said all the shares are being sold by the estate of founder David B. Shakarian. Lead underwriter will be Kidder Peabody and Co Inc. General Nutrition has about 33.0 mln shares outstanding. Reuter | GENERAL NUTRITION <GNC> SHARES TO BE SOLD |
Texaco Incs decision to file for protection under the bankruptcy code had a chilling effect on its stock and sent Pennzoil Cos shares sharply lower as well traders said. Texaco dropped 3-1/2 to 28-3/8 and Pennzoil fell 12-7/8 to 79-3/8. A lot of people had bid up Pennzoil expecting a settlement of two to five billion d... | WALL STREET STOCKS/TEXACO <QTX>, PENNZOIL <PZL> |
John Mowlem Plc the U.K. Building and construction company has arranged a 50 mln stg commercial paper program with an option to issue notes in U.S. Dollars Mowlem treasurer Philip Ridal said. He said the company hopes to make the first drawings in May to take advantage of lower borrowing costs and the greater flexibili... | JOHN MOWLEM ARRANGES 50 MLN STERLING CP PROGRAM |
Foster Wheeler Corp <FWC> said an audit of its Stearns Airport Equiment Co Inc unit revealed substantial discrepancies in Stearns accounts that may require material adjustments to previously announce consolidated results of the company and its subsidiaries. Foster said certain Stearn officers and senior management m... | FOSTER <FWC> UNIT AUDIT REVEALS DISCREPANCIES |
Bank Mees en Hope NV a fully-owned subsidiary of Algemene Bank Nederland NV said it launched the second tranche of a 100 mln guilders commercial paper program for the city of The Hague. Mees en Hope declined to comment on the size of the second tranche but said the first tranche ended March 10 was for 50 mln guilders. ... | THE HAGUE LAUNCHES SECOND TRANCHE OF CP PROGRAM |
Drilling activity slowed down substantially in Canada. The number of active rotary rigs fell by 19 in the week ended today Hughes Tool Co reported. A total of 66 rigs were working during the week compared with 71 one year ago it said. Reuter | HUGHES' CANADA RIG COUNT DOWN 19 THIS WEEK |
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