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Taiwan announced plans for another round of import tariff cuts on 862 foreign goods shortly before trade talks with Washington which officials described as a move to help balance trade with the United States. Wang Der-Hwa Deputy Director of the Finance Ministrys Customs Administration Department told reporters the list... | TAIWAN ANNOUNCES NEW ROUND OF IMPORT TARIFF CUTS |
Despite a sharp early fall in Texaco Inc bonds the 125 billion dlr U.S. junk bond market was largely unaffected by Texacos weekend filing for protection under Chapter 11 of the Bankruptcy Code analysts said. Texacos filing had little if any effect on junk bond prices this morning. It should not spill over to the overal... | U.S. JUNK BONDS UNAFFECTED BY TEXACO <TX> FILING |
Current prospects for this years grain crop in Bulgaria and Romania appear less favorable than in 1986 the U.S. Agriculture Departments officer in Belgrade said in a field report. The report said the assessment was based on travel in the two countries from March 30 to April 4. It said crop conditions were better than e... | BULGARIA, ROMANIA GRAIN CROP SEEN LESS FAVORABLE |
Shr 21 cts vs eight cts Net 1.5 mln vs 536000 Revs 26.6 mln vs 17.7 mln Nine months Shr 1.11 dlrs vs 43 cts Net 7.8 mln vs 3.0 mln Revs 86.9 mln vs 82.9 mln NOTE:Shares adjusted for 2-for-1 stock split payable May 28 1987 to holders of record May 14 1987. 1987 3rd qtr and nine months includes tax loss carryforward gain... | ELCOR CORP <ELK> 3RD QTR MARCH 31 |
Borrowing on the international capital markets contracted significantly in March with 23.1 billion dlrs of medium and long-term funds raised down 3.4 billion from February and about nine billion dlrs less than in March 1986 the Organisation for Economic Cooperation and Development said in its latest monthly report. Bor... | CAPITAL MARKET BORROWING FALLS IN MARCH, OECD SAYS |
Saudi Arabia bought 4000 tonnes of Malaysian refined bleached deodorised palm olein for June 1/10 shipment at around 356 dlrs per tonne cost and freight Jeddah traders said. Reuter | SAUDI ARABIA BUYS RBD PALM OLEIN |
Shr 27 cts vs not given Net 617000 vs 550000 Loans 92.8 mln vs 84.7 mln Deposits 121.9 mln vs 119.4 mln Assets 155.4 mln vs 152.4 mln Note: prior share not given due to June 18 1986 conversion to stock ownserhip Reuter | ABINGTON SAVINGS BANK <ABBK.O> 1ST QTR NET |
Great Lakes Forest Products Ltd said it plans a 390 mln dlr modernization and expansion of its fine paper and newsprint operations in northwestern Ontario over the next five years. It will install a 175 mln dlr fine paper machine at Dryden and a 215 mln dlr newsprint machine at Thunder Bay to replace two aging machines... | GREAT LAKES <GL.TO> IN 390 MLN DLR EXPANSION |
Shr 29 cts vs not given Net 3508000 vs 2483000 NOTE: Company went public in August 1986. 1986 figures restated. Net includes loan loss provision 550000 dlrs vs 203000 dlrs gain on sale of securities of 309000 dlrs vs 638000 dlrs and gain on sale of loans 403000 dlrs vs 553000 dlrs. Reuter | BANKING CENTER <TBCX> 1ST QTR NET |
Kuwait has agreed to charter tankers from the Soviet Union in a move to protect its oil exports through the Mideast Gulf diplomatic sources said. They said the agreement followed months of talks with the Soviet Union and the U.S. On ways to secure its oil exports after Iran started to attack Kuwaiti-connected vessels i... | SOVIET TANKERS SET TO CARRY KUWAITI OIL |
Chemical New York Corp said its first-quarter profits fell by 16 pct largely because it placed 1.04 billion dlrs of loans to Brazil on non-accrual. Chemical reported first-quarter net income of 86.2 mln dlrs down from 102.6 mln a year earlier but declaring the Brazilian loans non-performing cost Chemical 21 mln dlrs in... | CHEMICAL <CHL> NET HURT BY BRAZIL, EXPENSES |
Borrowing on the international capital markets contracted significantly in March with 23.1 billion dlrs of medium and long-term funds raised down 3.4 billion from February and about nine billion dlrs less than in March 1986 the Organisation for Economic Cooperation and Development said in its latest monthly report. Bor... | CAPITAL MARKET BORROWING FALLS IN MARCH, OECD SAYS |
Genetics Institute Inc earlier reporting an increased first quarter net loss said it expects to incur losses in fiscal 1987 that are somewhat higher than those reported in fiscal 1986. It had a loss of 4504000 dlrs for fiscal 1986 ended November 30 compared to a fiscal 1985 loss of 173200 dlrs. The company said the los... | GENETICS <GENI.O> SEES HIGHER 87 LOSSES |
Investor Albert Kahn said in a statement that a group he heads increased its stake in Trans-Lux Corp to 8.9 pct from 8.1 pct on a fully diluted basis. Kahn said he indicated in a filing with the Securities and Exchange Commission that his group bought an additional 7300 Trans-Lux common shares and 100000 dlrs of nine p... | INVESTOR BOOSTS TRANS-LUX <TLX> STAKE |
Period ended February 28 Shr 40 cts vs 15 cts Net 1747000 vs 775000 Revs 13.2 mln vs 13.3 mln Avg shrs 4321376 vs 5148318 Year Shr 67 cts vs 67 cts Net 3300000 vs 3299000 Revs 49.5 mln vs 50.2 mln Avg shrs 4895788 vs 4951177 Note: 1986 year after 819000 dlr tax provision and 660000 dlr tax credit 1985 year after 559000... | SOLITRON DEVICES INC <SOD> 4TH QTR NET |
U.S. TRUST CORP FIRST QTR SHR 88 CTS VS 83 CTS | |
National Computer Systems Inc said its board authorized the company to repurchase up to 2.0 mln shares of its common stock in the open market. The company currently has about 19 mln shares outstanding. It said the shares will be retained for use in the employee stock purchase plan stock option plans and for general cor... | NATIONAL COMPUTER <NLCS.O> TO BUY SHARES |
Shr 51 cts vs not given Net 4661000 vs 2499000 NOTE: Net includes securities gains of 663000 dlrs vs 1173000 dlrs. Company went public in December 1986. Reuter | PEOPLES HERITAGE BANK <PHBK> 1ST QTR NET |
The Michigan Attorney General said it reached a settlement with Michigan Bell Telephone Co a subsidiary of American Information Technologies Corp which will reduce rates resulting in 79.6 mln dlrs lower revenues to Michigan Bell. The settlement reflects Michigan Bells reduced federal income taxes resulting from tax ref... | AMERITECH <AIT> MICHIGAN UNIT TO LOWER RATES |
Shr 11 cts vs 12 cts Net 301820 vs 248419 Revs 12.1 mln vs 10.2 mln Avg shrs 2855966 vs 2033881 Reuter | STUART HALL CO INC <STUH.O> 1ST QTR FEB 28 NET |
Shr 21 cts vs 18 cts Net 2256000 vs 1915000 Revs 38.2 mln vs 35.3 mln Nine mths Shr 62 cts vs 56 cts Net 6474000 vs 5808000 Revs 125.9 mln vs 112.3 mln Backlog nine mln vs six mln NOTE: Share adjusted for five-for-four stock split in June 1986. Reuter | CLAYTON HOMES INC <CMH> 3RD QTR MARCH 31 NET |
Command Airways Inc said its March load factor rose to 44.6 pct from 40.8 pct in March 1986. Revenue passenger miles rose 43.2 pct in March to 4573200 from 3192700 and 34.3 pct year-to-date to 41.6 mln from 30.9 mln the company said. Available seat miles increased 30.8 pct in March to 10.2 mln from 7832800 and 25.9 pct... | COMMAND AIRWAYS<COMD.O> MARCH LOAD FACTOR RISES |
Swift Independent Packing Co said it agreed in principle to sell its Huron South Dakota pork plant to Huron Dressed Beef for undisclosed terms. Completion of the proposed transaction is subject to Hurons ability to hire an experienced work force at competitive rates and receive government approval of the purchase and o... | SWIFT TO SELL SOUTH DAKOTA PORK PLANT |
Shr primary 88 cts vs 83 cts Shr diluted 84 cts vs 78 cts Net 8869000 vs 8176000 Avg Assets 2.62 billion vs 2.42 billion Deposits 2.06 billion vs 1.80 billion Reuter | U.S. TRUST CORP <USTC.O> 1ST QTR NET |
Primary dealers in U.K. Government gilts will not be required to underwrite the governments offering of its securities when the first auctions begin in Mid-May the Bank of England said. In an official notice released today the Bank said There will be no formal or informal underwriting arrangement for the auctions but t... | PRIMARY GILTS DEALERS NEED NOT BUY AT AUCTIONS |
Utilization of offshore mobile rigs in the Gulf of Mexico fell about 0.5 percentage point to 35.0 pct this week with a total of 82 working and 152 idled Offshore Data Services said. In the European-Mediterranean area utilization remained about unchanged at 46.1 pct after rising four percentage points in the previous tw... | GULF OF MEXICO RIG COUNT DOWN SLIGHTLY THIS WEEK |
The Federal Reserve entered the U.S. Government securities market to arrange 1.5 billion dlrs of customer repurchase agreements a Fed spokesman said. Dealers said Federal funds were trading at 6-1/2 pct when the Fed began its temporary and indirect supply of reserves to the banking system. Most had expected the Fed to ... | FED ADDS RESERVES VIA CUSTOMER REPURCHASES |
(Burroughs-Wellcome Inc) said it plans to invest 10 mln dlrs in research and development-related activities over the next five years if changes planned to Canadas patent act become law. The company said it would increase its commitment to clinical research if the patent act is changed to provide further protection for ... | BURROUGHS-WELLCOME SETS RESEARCH SPENDING |
Shr 54 cts vs 51 cts Net 2151000 vs 2439000 Sales 90.3 mln vs 96.8 mln Avg shrs 3960000 vs 4782000 Reuter | DESPTP OMC <DSO> 1ST QTR NET |
Shr 15 cts vs 14 cts Net 2028000 vs 1879000 Revs 32.1 mln vs 29.5 mln Reuter | PARK COMMUNICATIONS INC <PARC.O> 1ST QTR MAR 31 |
Software Services of America Inc said its board has extended the expiration date of its warrants until August 31 from April 30. Reuter | SOFTWARE SERVICES <SSOA> EXTENDS WARRANTS |
Shr 34 cts vs 32 cts Net 2891844 vs 2666278 Revs 13.7 mln vs 12.7 mln Reuter | FEDERAL GUARANTEE CORP <FDGC.O> 1ST QTR NET |
Bache Securities Inc 80 pct-owned by Prudential-Bache Securities Inc a unit of Prudential Insurance Co of America said it would change its name on April 15 to Prudential-Bache Securities Canada Ltd as the first part of a major expansion in Canada. The investment dealer said the expansion would involve increased researc... | BACHE SECURITIES SETS NAME CHANGE, EXPANSION |
Shr 38 cts vs 36 cts prior Pay July 31 Record June 23 Reuter | ANGELL CARE MASTER LP <ACR> RAISES QUARTERLY |
<Charterhouse Group International> which specializes in leveraged buyouts and purchasing troubled companies said it has raised 310 mln dlrs in new capital to help it compete in the acquisition market for U.S. companies. Charterhouse said that it has formed Charterhouse Mezzanine Partners a limited partnership capita... | CHARTERHOUSE GETS 310 MLN DLRS IN NEW CAPITAL |
Mthly div 6.6 cts vs 6.9 cts prior Pay April 30 Record April 15 NOTE: Franklin michigan Insured Tax-Free Income Fund. Reuter | FRANKLIN MICHIGAN INSURED SETS LOWER PAYOUT |
Mthly div eight cts vs 7.1 cts prior Pay April 30 Record April 15 NOTE: Franklin High Yield Tax-Free Income Fund. Reuter | FRANKLIN HIGH YIELD SETS HIGHER PAYOUT |
Franklin Pennsylvania Tax-Free Income Fund said its board declared an initial monthly dividend of six cts per share payable April 30 to holders of record April 15. Reuter | FRANKLIN PENNSYLVANIA TAX-FREE IN INITIAL PAYOUT |
General Partners a Texas partnership that recently ended its bid to take over GenCorp Inc told the Securities and Exchange Commission it sold nearly all of its remaining 8.6 pct stake in the company. General Partners said it sold 1930500 shares of GenCorp on April 10 at 118.25 dlrs a share in an open market transaction... | GENERAL PARTNERS SELLS GENCORP <GY> STAKE |
Franklin Pennsylvania Investors U.S. Government Securities Fund Fund said its board declared an initial monthly dividend of 7.8 cts per share payable April 30 to holders of record April 15. Reuter | FRANKLIN PENNSYLVANIA U.S. SETS INITIAL PAYOUT |
Duff and Phelps today lowered the senior debt rating of Mellon Bank Corp. to D&P-8 (High BBB) from D&P-6 (middle A) and lowered the preferred stock rating to D&P-9 (middle BBB) from D&P-7 (low A). These rating changes affect approximately 607 mln dlrs of securities. In addition the certificate of deposi... | DUFF/PHELPS DOWNGRADES MELLON BANK CORP <MEL> |
GAF Corp is studying an agreement under which Merrill Lynch Capital Partners will take Borg-Warner Corp private in a 4.23 billion dlr transaction a GAF spokesman said. The spokesman had no further comment. Analysts said there was speculation GAF would make a new offer for the Chicago-based plastics and automobile parts... | GAF <GAF> STUDYING BORG-WARNER <BOR> PLAN |
National Westminster Bank USA said higher loans and core deposit volumes as well as a substantial increase in net interest income contributed to a 16 pct rise in first-quarter earnings to 17.7 mln dlrs from 15.3 mln reported a year earlier. The earnings gain came despite a 1.5 mln dlr reduction of income as a result of... | NATIONAL WESTMINSTER BANK USA 1ST-QTR NET RISES |
Shr loss 26 cts vs loss one cts Net loss 699000 vs loss 20617 Revs 883000 vs 1.1 mln Year Shr loss 62 cts vs loss eight cts Net loss 1.7 mln vs loss 185003 Revs 3.6 mln vs 4.5 mln Reuter | LASER PHOTONICS INC <LAZR.O> 4TH QTR DEC 31 |
Qtly div 57-1/2 cts vs 54-1/2 cts prior qtr Pay May 15 Record May 1 Reuter | EASTERN UTILITIES ASSOCIATES <EUA> UPS PAYOUT |
Carlo De Benedettis food company Industrie Buitoni Perugina Spa said it has acquired the Italian food group Vismara. Buitoni said in a statement that Vismara had 1986 sales of 181 billion lire and net profit of 11 billion lire employs 950 people and has four subsidaries. Buitoni did not disclose financial details about... | ITALY'S BUITONI ACQUIRES VISMARA FOOD GROUP |
McGraw-Hill Inc said it has sold its McGraw-Hill Book Co South Africa Pty Ltd subsidiary to a local management group for an undisclosed amount of cash and halted the sale of all products and services to South Africa. The company said the divestiture follows a resolution of its board in February that cited increased pol... | MCGRAW-HILL <MHP> DIVESTS SOUTH AFRICAN UNIT |
Oak Industries Inc said it agreed to buy the stock of Electronic Technologies Inc of New York for an undisclosed amount of cash. Electronic Technologies manufactures quartz crystal components Oak said. It said the acquisition is part of its ongoing stategy to restructure its core businesses through cost reduction progr... | OAK ONDUSTRIES <OAK> TO BUY ELECTRONICS FIRM |
Shr 51 cts vs not given Net 4661000 vs 2499000 NOTE: Includes net securities gains of 663000 dlrs vs 1.2 mln dlrs from. Company converted to stock ownership in December 1986. Reuter | PEOPLES HERITAGE BANK <PHBK> 1ST QTR NET |
REVLON GROUP AGREES TO MERGE WITH MACANDREWS AND FORBES GROUP FOR 20.10 DLRS/SHR CASH | |
U.S. Trust Co said it raised its broker loan rate to 7-3/4 pct from 7-1/2 pct effective immediately. Bankers Trust Co <BT> which also quotes its broker loan rate publicly raised its rate to 7-1/2 pct earlier today. Reuter | U.S. TRUST CO <USTC> RAISES BROKER LOAN RATE |
Firestone Tire and Rubber Co said Chairman John Nevin entered into a new employment agreement allowing him to continue as an executive or consultant with the company until he becomes 65 years old in February 1992. Firestone said Nevin has agreed to remain as chief executive officer until its board elects a successor. T... | FIRESTONE <FIR> IN AGREEMENT WITH CHAIRMAN |
Crazy Eddie Inc said its board has adopted a defensive shareholder rights plan and said it has reacived inquiries on a friendly merger. It said under the plan shareholders of record as of April 21 will receive a right to purchase under certain circumstances at a price of 42 dlrs 0.01 preferred share for each common sha... | (CORRECTED)-CRAZY EDDIE <CRZY.O> SETS RIGHTS |
Shr eight cts vs one-half ct Net 508000 vs 21000 Revs 7.2 mln vs 7.4 mln Nine mths Shr 28 cts vs 11 cts Net 1523000 vs 567000 Revs 26.2 mln vs 22.6 mln Note: period ended February 28. REUTER Reuter | BIOTECH ELECTRONICS INC <ION.TO> 3RD QTR NET |
<Texcan Corp> said it reached an agreement in principle with its major creditors on a reorganization plan to lift it out of bankruptcy. The plan proposes Texcan to pay its bank debt partially through a 15 mln dlr secured obligation to pay its general trade debt of two mln dlrs and to satisfy subordinate debenture ho... | TEXSCAN TO FILE REORGANIZATION PLAN |
Nomura International Ltd said it is using a special purpose issuing vehicle Lives 2 Ltd to repackage part of the Denmarks 7-1/8 pct dollar straight issue launched by Nomura on January 8 this year and due 1992 into a zero coupon 17 billion yen bond priced at 82-1/4 pct. The notes and swap agreement are secured by a char... | NOMURA REPACKAGES DANISH ISSUE AS ZERO-COUPON BOND |
(Rhone Poulenc Pharma Inc) said it plans to spend 29 mln dlrs over the next five years for research and development in Canada. It said the investment depends upon passage of a federal government bill which proposes greater protection for holders of drug patents. The company said it will spend 7.9 mln dlrs to upgrade it... | RHONE-POULENC PLANS DRUG RESEARCH SPENDING |
Texaco Petroleum Maatschaapij (Netherlands) BV said its operations were unaffected by yesterdays move by Texaco Inc <TX.N> to file for protection under Chapter 11 of the U.S. Bankruptcy code. A Texaco spokesman said the Dutch unit wholly owned by Texaco Inc through holding companies had its own financial relationshi... | TEXACO NETHERLANDS UNAFFECTED BY CHAPTER 11 FILING |
Portugals consumer prices rose 1.4 pct in March after a one pct increase in February and a 1.2 pct rise in March 1986 the National Statistics Institute said. The consumer price index (base 100 for 1976) rose to 772.0 from 761.3 in February and compared with 703.4 in March 1986. This gave a year-on-year March inflation ... | PORTUGUESE CONSUMER PRICES UP 1.4 PCT IN MARCH |
Dest Corp said it expects a 17 pct increase in revenues for its fourth quarter ended March 31 compared with the 4.8 mln dlrs reported for the same quarter a year earlier. The company said the increase is due to increased demand for its PC Scan product family. The scanning products are used with desktop publishing syste... | DEST <DEST.O> EXPECTS HIGHER 4TH QTR SALES |
Shr 22 cts vs 18 cts Net 803708 vs 642534 Sales 21.0 ln vs 18.8 mln NOTE: Per share figures adjusted for ten pct stock dividend paid August 1986. Reuter | MYERS INDUSTRIES INC <MYE> 1ST QTR NET |
GTE CORP 1ST QTR SHR 78 CTS VS 86 CTS | |
Resdel Industries said it and San/Bar Corp has agreed to merge San/Bar into Resdel. The arrangement calls for San/Bar to spin-off assets of its Break-Free division to shareholders then exchange its own shares for Resdel stock at a ratio of one Resdel share for each San/Bar share held Resdel said. Reuter | RESDEL <RSDL.O> TO MERGE WITH SAN/BAR <SBAR.O> |
Midlantic Corp said it agreed to acquire County Bancorp for about 23 mln dlrs in an agreement calling for County Trust Co a County Bancorp subsidiary to merge into Midlantic National Bank/North. Midlantic said it will pay 83.73 dlrs a share in cash or 2.36 times County Bancorps March 31 book value for each of Countys a... | MIDLANTIC <MIDL.O> TO ACQUIRE COUNTY BANCORP |
Net 646000 vs 470000 Assets 173.0 mln vs 152.9 mln NOTE:Quarter ended March 31. The company completed conversion from mutual to stock form in October 1986 raising 14.1 mln dlrs in net proceeds through the sale of 2.3 mln shares of common stock. Reuter | PEOPLE'S SAVINGS BANK OF BROCKTON <PBKB.O> |
Period ended December 28. Shr nil vs loss six cts Net loss 6319 vs loss 265651 Revs 1117778 vs 1090001 Avg shrs 6874383 vs 4323614 Year Shr nil vs loss 10 cts Net profit 4323 vs loss 432458 Revs 4711350 vs 4256708 Avg shrs 6837871 vs 4322816 Reuter | MICRO GENERAL CORP <MGEN.O> 4TH QTR LOSS |
The United Automobile Workers Union UAW is asking local leaders to back a renewed drive for higher wages in upcoming bargaining with the car and other major industries while acknowledging that futher job losses are inevitable as traditional U.S. manufacturing shrinks. The UAW will begin bargaining this summer on new co... | U.S. AUTOWORKERS SET FOR TOUGH BARGAINING ROUND |
Shr 78 cts vs 86 cts Net 265.0 mln vs 283.0 mln Revs 3.7 billion vs 3.6 billion Avg shrs 329.0 mln vs 319.0 mln Reuter | GTE CORP <GTE> 1ST QTR MAR 31 |
Mitel Corp said it introduced two new digital telephone switching systems and additional applications software for its current product line. The new SX-2000s digital private branch exchange is a smaller version of the SX-2000 directed at line capacities of 100 to 500 telephone extensions. The other new product is the e... | MITEL <MLT> HAS TWO NEW PRODUCTS |
GTE POSTS PRE-TAX LOSS OF 121 MLN DLRS IN 1ST QTR FOR 50 PCT SHARE OF US SPRINT | |
A shareholder group consisting of foreign investment firms and investors said it raised its stake in Scandinavia Fund Inc to 2607900 shares or 40.0 pct of the total outstanding from 2309700 shares or 35.4 pct. In a filing with the Securities and Exchange Commission the group also said it is considering an informal offe... | GROUP RAISES SCANDINAVIA FUND <SCF> STAKE |
Shr 79 cts vs 73 cts Net 22901000 vs 21042000 Sales 336.1 mln vs 334.1 mln Reuter | SQUARE D CORP <SQD> 1ST QTR NET |
Triton Energy Corp said proven reserves of the Villespedue oil field in Frances Paris Basin were estimated at a total of 67.5 mln barrels on March one up 39 pct from 48.7 mln barrels on May 31 1986. Triton said its 60 pct owned <Triton Europe Plc> subsidiary has a 50 pct interest in the field which is located 50 mil... | TRITON <OIL> SAYS PARIS BASIN RESERVES UP 39 PCT |
International Business Machines Corp has started the year aggressively but industry analysts said the company still faces some tough rounds in its fight to stop a two-year earnings slump. I am more impressed with whats happening at IBM than I have been in a long time said PaineWebber analyst Stephen Smith. But theyre n... | TALKING POINT/IBM <IBM> |
BankEast Corp <BENH> said a state Superior Court enjoined <Suncook Bank> from delivering any notices of shareholder meetings until it produces a shareholder list. The order effectively prevents Suncook from holding any shareholder meetings until BankEast has a copy of its shareholder list BankEast said. The order... | SUNCOOK BANK MEETING ENJOINED BY COURT ORDER |
Oper shr loss 20 cts vs loss 63 cts Oper net loss 439000 vs loss 1347000 Sales 6303000 vs 5062000 Six mths Oper shr loss 43 cts vs loss 1.02 dlrs Oper net loss 934000 vs loss 2333000 Sales 12.1 mln vs 9878000 Note: oper data does not include 1986 losses from discontinued operations of 60000 dlrs or three cts per shr in... | MICRO MASK INC <NMS.O> 2ND QTR MAR 31 OPER LOSS |
Japanese crushers bought 3000 to 4000 tonnes of Canadian rapeseed in export business overnight for last half May/first half June shipment trade sources said. Reuter | JAPANESE CRUSHERS BUY CANADIAN RAPESEEED |
Irving Bank Corp said a six pct drop in first-quarter net income from a year earlier was largely the result of placing medium- and long-term loans to borrowers in Brazil and Ecuador on non-accrual status. Income in the first three months fell to 28.60 mln dlrs from 30.43 mln in the same 1986 period. Earnings per share ... | IRVING BANK <V> 1ST-QTR NET HURT BY BRAZIL |
Alza Corp said it plans to make an offering in Europe of 75 mln dlrs principal amount of 15-year convertible subordinated debentures. The company said it expects the annual coupon rate of the bonds to be between 5-1/2 pct and 5-3/4 pct. It said the bonds will be convertible into Alza common stock at an expected premium... | ALZA <AZA> PLANS DEBENTURE OFFERING |
Morgan Stanley (Jersey) Ltd is issuing 45000 covered equity warrants exercisable into shares of Japan Synthetic Rubber Co Ltd at an issue price of 212 Swiss francs per warrant lead manager Morgan Stanley SA said. The initial exercise price is 494 yen per share and final maturity is February 4 1992. The issue price repr... | MORGAN STANLEY ISSUES WARRANTS INTO JAPANESE FIRM |
Qtly div 7-1/2 cts vs six cts prior Pay June 3 Record May 15 NOTE: Full name Allegheny and Western Energy Corp. Reuter | ALLEGHENY/WESTERN ENERGY <ALGH.O> UPS PAYOUT |
Standard Oil Co said a contract has been awarded to <CBS Engineering Inc> for a drilling and production platform to be installed in Ewing Bank Block 826 in the Gulf of Mexico where Standard and Mobil Corp each own a 40 pct interest. Standard said its Standard Oil Production Co subsidiary will operate the platform wh... | STANDARD <SRD>,MOBIL <MOB>PLAN OFFSHORE PLATFORM |
MOODY'S DOWNGRADES TEXACO'S 8.2 BILLION DLRS OF DEBT TO 'CAA' | |
UNITED TELECOMMUNICATIONS INC 1ST QTR SHR 13 CTS VS 47 CTS | |
Shr profit one ct vs loss 28 cts Net profit 23000 vs loss 725000 Sales 20.6 mln vs 18.5 mln Avg shrs 3959011 vs 2608571 Reuter | <COAST R.V. INC> 1ST QTR NET |
The February monthly merchandise trade figures to be reported Tuesday by the Commerce Department will be on a new basis reflecting more recent data so avoiding future revisions of the monthly figure Commerce officials said. The overall January deficit of 14.8 billion dlrs will be revised but the February figure will be... | U.S. FEBRUARY TRADE TO BE REPORTED ON NEW BASIS |
<MacAndrews and Forbes Group> and Revlon Group Inc <REV> said that they have entered into a definitive mergewr agreement where MacAndrews will acquire Revlon at 20.10 dlrs per common share in cash. MacAndrews said it increased its offer to purchase all Revlon common shares to 20.10 dlrs a share from its April 1 o... | REVLON <REV> AND MACANDREWS AND FORBES TO MERGE |
Roland International Corp a Coconut Grove Fla. real estate development company said it cut its stake in Intermagnetics General Corp to 308400 shares or 4.8 pct of the total outstanding from 358400 shares or 5.6 pct. In a filing with the Securities and Exchange Commission Roland said it sold 50000 shares on Feb 4 at 5.1... | REAL ESTATE FIRM CUTS INTERMAGNETICS<INMA> STAKE |
Data Technology Corp said it registered with the Securities and Exchange Commission to make an initial public offering of 1700000 shares of common stock. It said all the shares will be offered by the company at an anticipated price of between eight and ten dlrs per share. The offering will be managed by Hambrecht and Q... | DATA TECHNOLOGY SETS INITIAL STOCK OFFERING |
<DHL Worldwide Express> added 35 overseas and 10 domestic service centers to its delivery network. The private air express company said one of the additions includes the German Democratic Republic (East Germany) bringing to eight the number of Eastern Bloc countries it serves. Reuter | DHL WORLDWIDE EXPRESS BROADENS NETWORK |
USG Corp in a proxy for its May 13 annual meeting said it will ask shareholders to increase the authorized common shares to 300 mln from 100 mln and the preferred shares to 36 mln from 12 mln. The company said it there were insufficient shares available for a two-for-one stock split although it said there were no plans... | USG <USG> TO ASK INCREASE IN AUTHORIZED SHARES |
Shr 40 cts vs 31 cts Net 5151000 vs 4078000 Reuter | FIRST COMMERCE CORP <FCOM> 1ST QTR NET |
Dataproducts Corp said it signed a letter of intent to acquire the Imaging Solutions Inc unit of Reliance Electric Co under undisclosed terms. This acquisition will give it all rights to proprietary solid and liquid ink technologies which had been developed by a joint venture operated by it and Exxon Corp <XON> Data... | DATAPRODUCTS <DPC> TO BUY IMAGING SOLUTIONS |
Jannock Ltd said its Jannock Imaging Co Ltd unit acquired a 50 pct stake in Arthurs-Jones Lithographing Ltd of Toronto for undisclosed terms. It said the acquisition would lift Jannock Imaging revenues to 50 mln dlrs this year. It did not specify Arthurs-Jones 1986 revenues. Reuter | JANNOCK <JN.TO> ACQUIRES HALF-STAKE IN PRINTER |
Presidential Airways said its Continental Jet Express will begin daily non-stop service between Dulles International Airport here and Akron/Canton Ohio and the Lexington/Frankfort area of Kentucky. Presidential reiterated its marketing agreement with Texas Air Corps <TEX> Continental Airlines on Jan 12 which calls f... | PRESIDENTIAL AIRWAYS <PAIR.O> UNIT ADDS SERVICE |
Northern Trust Corp said it filed with the Securities and Exchange Commission to offer up to 150 mln dlrs of debt securities. The company said it may sell the securities through underwriters who may include Goldman Sachs and Co or directly to other purchasers. Proceeds will be used for general purposes which may includ... | NORTHERN TRUST <NTRS.O> FILES SHELF |
Northern Trust Corp said it filed with the Securities and Exchange Commission a shelf registration statement covering up to 150 mln dlrs of debt. Proceeds will be used for possible future acquisitions the repayment of outstanding debt and general corporate purposes. The company said Goldman Sachs and Co may underwrite ... | NORTHERN TRUST <NRTS> FILES FOR SHELF DEBT |
Shr 30 cts vs 17 cts Net 2526000 vs 1452000 Revs 71.9 mln vs 25.2 mln Year Shr 1.20 dlrs vs 68 cts Net 10.2 mln vs 4738000 Revs 291.5 mln vs 83.0 mln Avg shrs 8511000 vs 6983000 NOTE: Current periods include gain of 299000 dlrs in qtr and 1.2 mln dlrs in year from changes in pension accounting. Year-ago shr figures res... | MARK IV INDUSTRIES INC <IV> 4TH QTR FEB 28 NET |
Pacific Nuclear Systems Inc said its Nuclear Packaging Inc unit won a contract with the U.S. Department of Energy worth up to 2.3 mln dlrs. The company said the initial phase of the contract was awarded for 1.2 mln dlrs with an optional second phase for 1.1 mln dlrs. Under the pact Pacific Nuclear will design license a... | PACIFIC NUCLEAR SYSTEMS <PACN.O> WINS CONTRACT |
Aequitron Medical Inc said that a wrongful death suit in which the company was named as a defendant has been voluntarily dismissed with prejudice by the plaintiffs. The suit asking one mln dlrs in damages was originally filed in U.S. district court in Atlanta in August 1986 it said. It alleged that the defective perfor... | AEQUITRON <AQTN> WRONGFUL DEATH SUIT DISMISSED |
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