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The Bank of France said it will offer 7.5 billion francs worth of negotiable Treasury bills at its next public weekly tender on March 9. The total includes two billion francs of 13-week bills 2.5 billion francs of two-year bills and three billion francs worth of five year bills. No maximum or minimum price has been set... | FRANCE SETS 7.5 BILLION FRANC T-BILL TENDER |
Nissan Motor Corp U.S.A. said domestic car sales in the February 21 to 28 period rose to 3501 from 2578 cars at the same time last year. For the month of February U.S. car sales increased to 7200 from 6843 cars in the comparable month a year ago Nissan Motor a wholly-owned subsidiary of Nissan Motor Ltd said . For the ... | (NISSAN MOTOR) LATE FEBRUARY U.S. CAR SALES UP |
Standard and Poors Corp said it has upgraded approximately two billion dlrs of securities for the Williams Cos. and its related entities. S and P said recent sales of non-regulated oil and gas coal fertilizer and telecommunications assets significantly reduce business risk. With 900 mln dlrs of proceeds available to re... | S/P UPGRADES WILLIAMS COS <WMB> DEBT SECURITIES |
General Motors of Canada Ltd wholly owned by General Motors Corp said February car sales fell 17.8 pct to 25779 units from 31361 units the previous year. Year-to-date car sales fell 23.8 pct from last year the company said. It did not immediately disclose actual year-to-date figures. Reuter | GM <GM> CANADA FEBRUARY CAR SALES OFF 17.8 PCT |
Merrill Lynch and Co analyst Richard Vietor said he reiterated a buy recommendation on several drug stocks today. The stocks were Bristol-Myers Co <BMY> which rose 2-1/4 to 101 Schering-Plough Corp <SGP> 2-7/8 to 97 and Syntex Corp <SYN> 1-3/8 to 82. Vietor described these stocks as a middle group of performer... | ANALYST REITERATES BUY ON SOME DRUG STOCKS |
Oper shr loss 16 cts vs loss 10 cts Oper net loss 1569000 vs loss 990000 Sales 50.3 mln vs 50.1 mln Nine mths Oper shr loss nine cts vs loss two cts Oper net loss 849000 vs loss 199000 Sales 159.9 mln vs 156.6 mln NOTE: Current nine mths net includes 1036000 dlr pretax gain on sale of property. Prior year net both peri... | STEEGO CORP <STG> 3RD QTR JAN 31 LOSS |
MCA Inc said noted film maker Steven Spielberg will serve as creative consultant for Universal Studios Tour Florida. The tour is a joint venture between MCA and Cineplex Odeon Corp that is scheduled to open in 1989. MCA is also planning a major expansion of its Universal Studio Tours. The expansion includes four live-a... | MCA <MCA> NAMES SPIELBERG CREATIVE CONSULTANT |
Qtly div 12-1/2 cts vs 12-1/2 cts prior Pay April One Record March 13 Reuter | E-SYSTEMS INC <ESY> SETS QUARTERLY |
Resource Exploration Inc said it has agreed to let <Langasco Energy Corp> drill 50 oil and natural gas wells on its Clinton Sandstone formation within its Tuscarawas and Harrison County Ohio area of operation. Resource said it would receive a cash payment and an overriding royalty interest on oil and gas production ... | RESOURCE EXPLORATION <REXI> IN DRILLING PACT |
CME POSTPONES CONSIDERATION OF PETITION TO BAN DUAL TRADING UNTIL NEXT WEEK | |
Texas Railroad Commissioner James Nugent saying that the ailing oilpatch cannot wait for Congress to act today urged Texas state lawmakers to adopt incentives to find new oil reserves and to exempt severance taxes on oil produced from stripper wells. Nugent said in a speech to the Texas house of representatives that th... | TEXAS OIL REGULATOR CALLS FOR STATE TAX BREAKS |
General Motors of Canada Ltd wholly owned by General Motors Corp said February car sales fell 17.8 pct to 25779 units from 31361 units the previous year. Year-to-date car sales fell 23.8 pct from last year the company said. It did not immediately disclose actual year-to-date figures. Reuter | GM CANADA FEBRUARY CAR SALES OFF 17.8 PCT |
CHRYSLER TO IDLE 2,800 WORKERS AT ILLINOIS PLANT | |
Qtly div 15 cts vs 15 cts prior Pay March 31 Record March 13 Reuter | UNICORP AMERICAN CORP <UAC> SETS QUARTERLY |
Colombian finance minister Cesar Gaviria blamed an inflexible U.S. position for the failure of last weeks International Coffee Organisation ICO talks on export quotas. We understand that the U.S. Position was more inflexible than the one of Brazil where current economic and political factors make it difficult to adopt ... | COLOMBIA BLASTS U.S. FOR COFFEE TALKS FAILURE |
Qtly div 12.5 cts vs 12.5 cts in prior qtr Payable March 13 Record February 27 Reuter | LIBERTY FINANCIAL GROUP <LFG> REGULAR DIVIDEND |
CHRYSLER CANADA FEBRUARY CAR SALES FALL TO 9,640 UNITS FROM YEAR-AGO 11,967 | |
Pacific Telesis Group chairman Donald Guinn told a meeting of security analysts that the company sees continued earnings growth in 1987 above the 1.08 billion dlrs or 5.02 dlrs per share earned in 1986. Guinn also said that capital spending stood at about 1.8 billion dlrs in 1986 and the company expected the figure to ... | PACTEL <PAC> SEES EARNINGS GROWTH |
TRANS WORLD AIRLINES MAKES 52 DLR/SHARE CASH MERGER PROPOSAL FOR USAIR | |
The Senate Banking Committee has issued a revised draft bank regulation bill which would permit so-called non-bank banks to continue all their activities in progress as of March 5 1987. The bill which the committee is scheduled to consider tomorrow would prohibit non-bank banks from beginning any new activities after M... | SENATE COMMITTEE ISSUES REVISED BANK BILL |
Texas Air Corps Continental Airlines subsidiary said it will serve Las Vegas from several Northeastern cities from its Newark hub starting March 15 with MaxiSaver fares as low as 99 dlrs each way for off-peak and 119 dlrs for peak flights. It said a daily non-stop Newark-Las Vegas flight will carry passengers from such... | TEXAS AIR <TEX> UNIT SETS LAS VEGAS FLIGHTS |
Shr 13 cts vs 70 cts Net 1279000 vs 7979000 Revs 16.4 mln vs 19.6 mln Year Shr 89 cts vs 2.43 dlrs Net 10.3 mln vs 29.8 mln Revs 56.2 mln vs 83.8 mln Avg shrs 12.1 mln vs 13.1 mlnm NOTE: 1986 year net includes gain 12.9 mln dlrs from sale of eight real estate properties. Reuter | UNICORP AMERICAN CORP <UAC> 4TH QTR NET |
Kenya has signed an agreement with British and German interests to establish a shipping line that will handle 40 pct of the countrys external trade sources close to the deal said. The state-owned Kenya Ports Authority KPA signed an agreement with the Hamburg-based shipping line Unimar Seetransport to establish the Keny... | KENYA SIGNS PACT TO ESTABLISH OWN SHIPPING LINE |
U.S. and U.K. bank regulators are asking banks to set aside more reserves than is necessary to cushion them against the risks posed by the interest rate and currency swap transactions they carry swap dealers said. After viewing proposed guidelines released jointly today by the Bank of England and the Federal Reserve Bo... | NEW BANK RULES TOUGHER THAN NEEDED, DEALERS SAY |
Former White House spokesman Larry Speakes said he and President Reagan misled the public unintentionally on the Iran arms scandal because they themselves were misled by others. In a televised interview Speakes was contrasting the defensive much-criticized efforts Reagan made in early attempts to cool the scandal with ... | SPEAKES SAYS HE, REAGAN MISLED PUBLIC UNWITTINGLY |
The Canadian governments reduced borrowing needs enabled the Bank of Canada to make aggressive use of short term debt instruments and pare the cost of financing in 1986 the central bank said in its annual report. The report authored by retired governor Gerald Bouey also noted advances to Canadian banks fell to under on... | BANK OF CANADA MADE AGGRESSIVE USE OF T-BILLS |
Shr 1.23 dlrs vs 1.33 dlrs Semi-annual div six cts vs six cts prior payment Net 16.2 mln vs 14.8 mln Sales 1.09 billion vs 909.4 mln NOTE: Dividend is payable April one to holders of record March nine Reuter | SHAW'S SUPERMARKETS INC <SHAW> YEAR JAN 3 |
Standard and Poors said it lowered Robert Bruce Industries Incs 15 mln dlrs of subordinated debentures to CCC from B-minus because of a deterioration in earnings and cash flow. Debt leverage has risen to 87 pct and the company has suspended dividend payments to conserve cash S and P noted. Reuter | ROBERT BRUCE <BRUC> DOWNGRADED BY S/P |
Dynamics Corp of America said it has reached an agreement with CTS Corp resolving all differences between the two companies. It said as a result of the settlement CTSs special board committee has stopped soliciting orders to purchase some or all of CTS. Dynamics which now owns 27.5 pct of CTS outstanding stock said it ... | DYNAMICS CORP <DYA> IN SETTLEMENT WITH CTS <CTS> |
Chicago Mercantile Exchange CME directors have postponed action on a membership petition calling for a ban on dual trading CME Chairman Jack Sandner told Reuters. Consideration of the petition was scheduled for a regular board meeting today but directors first wanted the opinions of a special committee that has been st... | CME POSTPONES RULING ON DUAL TRADING PETITION |
Prospects for renewal of the five-year U.S./USSR grains agreement are uncertain at this point a Soviet trade official told Reuters. The current trade imbalance between the United States and the Soviet Union high U.S. commodity prices and increased world grain production make a renewal of the supply agreement next year ... | RENEWAL OF U.S./USSR GRAIN PACT SAID UNCERTAIN |
Danaher Corp said it expects higher earnings in 1987 versus 1986. We expect significant increases in earnings and revenues in 1987 Steven Rales Danaher chairman and chief executive officer said. Earlier the company reported 1986 net earnings of 15.4 mln dlrs or 1.51 dlrs a share versus 13.5 mln dlrs or 1.32 dlrs a shar... | DANAHER <DHR> EXPECTS EARNINGS INCREASE IN 1987 |
Chrysler Corps Chrysler Motors Corp said it will spend 367 mln dlrs at its Belvidere Ill. assembly plant to modernize the facility. Chrysler said the plant its sixth to undergo extensive modernization will be shut down for model changeover starting March five. Some 2800 workers of the plants 3300 hourly employees will ... | CHRYSLER <C> TO MODERNIZE ILLINOIS PLANT |
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 NOTE: Fourth qtr net includes extraordinary gain of 3.8 mln dlrs or 37 cts per share versus 2.9 mln dlrs or 28 cts a share in 1985s fourth qtr and an extraordinary ch... | DANAHER CORP <DHR> 4TH QTR NET |
Trans World Airlines said it has proposed a cash merger of USAir Group with TWA in which the holders of USAir common would receive 52 dlrs in cash in exchange for their stock. TWA said the offer was made in a letter to Edmin Colodny chairman and president of USAir. TWA said however that if the negotiated deal is not ac... | TWA <TWA> MAKES MERGER OFFER FOR USAIR <U> |
Chrysler Canada Ltd wholly owned by Chrysler Corp said February car sales fell to 9640 units from year-earlier 11967 units. Chrysler Canada said year-to-date car sales fell to 18094 units from 22073 units in the same period last year. Reuter | CHRYSLER <C> CANADA FEBRUARY CAR SALES FALL |
Texas Instruments Incorp said its executive vice president Grant Dove will take an early retirement effective July. The company said Dove will become chairman and chief executive officer of <Microelectronics and Computer Technology Corp> of Austin. He will have worked 28 years with Texas Instruments the company said... | TEXAS INSTRUMENTS <TXN> EXECUTIVE TO RETIRE |
Genossenschaftliche Zentralbank AG <GZB> said that it had increased its three-part bond issue to 1.8 billion schillings from the 1.5 billion orginally planned. GZB said in a statement that the amount being issued between today and March 6 had been raised due to heavy demand. A 12-year tranche caries seven pct intere... | GZB INCREASES BOND ISSUE TO 1.8 BILLION SCHILLINGS |
CTS Corp and Dynamics Corp of America reached an agreement resolving all outstanding differences between them according to a joint statment. As a result of the settlement a special committee of the board of directors of CTS stopped soliciting offers to buy all or part of the company it said. CTS and DCA also agreed to ... | CTS <CTS> AND DYNAMICS <DYA> REACH ACCORD |
Measurex Corp said it completed the sale of its Measurex (South Africa Pty) subsidiary to a group of employees who manage the operation. Measurex a maker of computer integrated manufacturing systems said the subsidiary represented less than one pct of worldwide revenues and the sale will have no impact on this years ea... | MEASUREX <MX> SELLS SOUTH AFRICAN UNIT |
Jefferies and Co said it is making a market in the stock of USAir Group Inc at 48-1/2 to 50. USAir received an offer from Trans world airlines to buy the airline at 52 dlrs cash per share. USAir was halted on the New York Stock EXcahnge for dissemination of the news. It was indicated at 47 to 54. Reuter | JEFFERIES MAKING MARKET IN USAIR <U> |
Federal Express Corp said it received a recommendation from an administrative law judge that it be awarded the exclusive air express route between the U.S. and Japan. Federal Express said the recommendation now must be approved by the Secretary of Transporation Elizabeth Dole and President Reagan. Federal Express said ... | FEDERAL EXPRESS <FDX> PURSUES OVERSEAS ROUTE |
Honda Motor Co Ltd of Japans American Honda Motor Co Inc unit said its February sales rose to 56704 from 48443 a year ago. The sales figures include sales of 7056 cars from its new Acura division which was not in place a year ago. Year to date sales totaled 102751 at the end of February up from 98724. This included sal... | AMERICAN HONDA MOTOR CO FEBRUARY SALES RISE |
KLM Royal Dutch Airlines <KLM.AS> in a move following similar steps recently by U.S. carrier TWA said it is cutting its fares on transatlantic flights from April 1. From April 1 a return fare Amsterdam-New York will be cut by eight per cent to 1099 guilders for the low season until mid-June when seasonal increases w... | KLM LOWERS TRANSATLANTIC FARES |
Anheuser-Busch Cos Metal Container Corp said it plans to build a beverage can manufacturing plant at Chester N.Y. The facility is expected to become operational in late 1988. Metal Container operates six can and lid plants in the U.S. and plans to build three more including the Chester facility. Facilities are under co... | ANHEUSER-BUSCH <BUD> TO BUILD PLANT |
President Reagan fighting to recover politically from the Iran-contra scandal plans to acknowledge in a critical speech to the nation tonight he needs to change his ways administration officials said. It will be a forward-looking speech in which he will say he accepts the need for change said an official who asked not ... | REAGAN IRAN SPEECH SAID TO ADMIT NEED FOR CHANGE |
Trans-Lux Corp said its board declared a five pct stock dividend payable April nine to holders of record March 20. The company said directors also declared regular quarterly dividends on presently outstanding shares of both classes of common payable April nine to holders of record March 16. It said an unchanged dividen... | TRANS-LUX <TLX> SETS FIVE PCT STOCK DIVIDEND |
<Lacana Mining Corp> said Gil L. Leathley was appointed president and chief executive replacing William Gross who retired. The company said Gross will continue as a director and executive committee member. Reuter | LACANA <LCNAF> NAMES NEW CEO AND PRESIDENT |
Noland Co said effective April 23 when Lloyd U. Noland Jr. turns 70 and retires as previously announced as chairman and president Lloyd U. Noland III will become chairman and chief executive officer and Carl Watson president and chief operating officer. The company said Noland III 43 is vice president manager of mercha... | NOLAND CO <NOLD> NAMES NEW CHIEF EXECUTIVE |
A 100 mln dlr offering of Xerox Credit Corp 12-year notes was given an eight pct coupon and priced at 99.534 to yield 8.061 pct Salomon Brothers Inc said as lead manager. The securities of the Xerox Corp unit are not callable for seven years. The yield reflected a premium of 91 basis points over that of comparable U.S.... | XEROX CREDIT <XRX> NOTES YIELD 8.061 PCT |
Shr loss one cent Net loss 186000 Revs 10.7 mln 11 mths Shr loss 7.26 dlrs Net loss 121.4 mln Revs 46.9 mln NOTE: In February 1986 Kaneb Services Inc contributed all of its domestic oil and gas operations to Kaneb Partners which was newly formed and exchanged approximately 3200000 depositary units respresenting limited... | KANEB ENERGY PARTNERS LTD <KEP> 4TH QTR LOSS |
Shr profit three cts vs loss two cts net profit 157500 vs loss 60200 Revs 1.1 mln vs 1.0 mln Nine months Shr profit five cts vs profit six cts Net profit 223400 vs profit 260800 Revs 3.2 mln vs 3.1 mln Reuter | DALTON COMMUNICATIONS INC <DALT> 3RD QTR JAN 31 |
Green Mountain Power Corp said it signed an agreement to provide <Bozrah Light and Power Co> a private utility based in Gilman Conn. with all its electric power requirements. Under the agreement which runs through 1996 Green Mountain said it will sell the utility roughly 30000 megawatt-hours generating about 1.5 mln... | GREEN MOUNTAIN <GMP> TO SELL POWER TO UTILITY |
The Federal National Mortgage Association said it wanted to clarify the status of yesterdays offering of one billion dlrs of debentures due March 10 1992. It said the offering was a new issue and not a reopening as stated yesterday. FNMA had said the offering was a reopening of a 1972 20-year issue. The debtentures wil... | FNMA CLARIFIES CURRENT DEBT OFFERING STATUS |
<Venture Funding Corp> said it has extended the exercise period on its outstanding class A and B warrants until April 15 1988. The original exercise date was April 15 1987. The company also said it has executed a non-binding letter of intent to acquire three affiliated California corporations that own and operate Me... | VENTURE FUNDING CORP EXTENDS WARRANT PERIOD |
Duff and Phelps lowered the ratings assigned to Public Service Electric and Gas Companys fixed income securities valued at a total of 3.44 billion dlrs. The companys 2.61 billion dlrs in first mortgage bonds were downgraded to DP-4 (low AA) from DP-3 (middle AA). The ratings on its debentures and preferred stock valued... | DUFF/PHELPS LOWERS PUBLIC SERVICE ELECTRIC <PEG> |
Advanced Genetic Sciences Inc said Debra Coyman was named director of business development of the company. The company said Coyman was previously director of product development of Agrigenetics Research Corp in Boulder Colo. Reuter | ADVANCED GENETIC SCIENCES <AGSI> NAMES DIRECTOR |
 (CORRECTION) - SHAWS SUPERMARKETS EARNINGS In item headlined SHAWS SUPERMARKETS INC <SHAW> YEAR JAN 3 please read per share earnings 1.33 drs vs 1.23 dlrs correcting order of results. Reuter  | |
Shr profit 13 cts vs loss one ct Net profit 853000 vs loss 22000 Sales 41.1 mln vs 20.3 mln Avg shrs 6349753 vs 4403852 Nine Mths Shr profit 57 cts vs profit 28 cts Net profit 2869000 vs profit 1252000 Sales 119.0 mln vs 67.6 mln Avg shrs 5054844 vs 4403852 Reuter | WTD INDUSTRIES INC <WTDI> 3RD QTR JAN 31 NET |
Healthvest a Maryland real estate investment trust said it began selling five mln shares of common stock at 21 dlrs a share. The company said it is also selling 543237 shares to Healthcare International Inc <HII> giving the company a 9.8 pct stake in Healthvest. Reuter | HEALTHVEST <HVT> SELLS SHARES |
There has been no rise in the price of Frozen Concentrated Orange Juice FCOJ a spokesman for the Banco do Brasils Foreign Trade Department Cacex said. He was responding to rumours in the international market that Brazil had raised its FCOJ prices in range of 1075 to 1150 dlrs per tonne. Reuter | CACEX DENIES BRAZIL FCOJ PRICE RISE RUMOURS |
Epitope Inc said it has developed a Western Blot AIDS test and it will begin worldwide marketing efforts immediately. Reuter | EPITOPE <EPTO> TO MARKET AIDS TEST |
Qtrly div 12.5 cts vs 12.5 cts prior Pay April 1 Record March 13 Reuter | E-SYSTEMS <ESY> SETS QTRLY PAYOUT |
Shr 70 cts vs 4.91 dlrs Net 3.7 mln vs 26.3 mln Year Shr 1.99 dlrs vs 3.35 dlrs Net 10.7 mln vs 18.0 mln NOTE:1986 year 4th qtr include capital gains of 3.5 mln dlrs and 1.1 mln dlrs respectively and extraordinary gain of 3.4 mln dlrs and 1.2 mln dlrs respectively. 1985 year and 4th qtr include capital gains of 24.0 ml... | PIEDMONT MANAGEMENT CO INC <PMAN> 4TH QTR |
Shr 1.52 dlrs vs 17 cts Net 1306000 vs 144000 Rev 758000 vs 670000 Year Shr 2.68 dlrs vs 2.63 dlrs Net 2313000 vs 2285000 Rev 2.8 mln vs 2.7 mln NOTE: Fourth qtr and 1986 had gains on real estate investments of 933000 dlrs or 1.08 a share and 970000 dlrs or 1.12 a share respectively. This compares with a loss of 137000... | EASTPARK REALTY TRUST <ERT> 4TH QTR NET |
Irvine Sensors Corp said it completed a public offering of 1.25 mln units consisting of two shares of common stock and one warrant to purchase an additional share. The units were sold at a price of 1.60 dlrs each Irvine Sensors said adding the units will trade under the NASDAQ symbol IRSNU and the new warrants under th... | IRVINE SENSORS <IRSN> COMPLETES UNIT OFFERING |
Qtrly div five cts vs five cts qtr Pay April One Record March 16 Reuter | NL INDUSTRIES INC <NL> SETS QTRLY PAYOUT |
Shr profit 13 cts vs loss one ct Net profit 853000 vs loss 22000 Revs 41.1 mln vs 20.3 mln Avg shrs 6349753 vs 4403852 Nine mths Shr profit 57 cts vs profit 28 cts Net profit 2869000 vs profit 1252000 Revs 119.0 mln vs 67.6 mln Avg shrs 5054844 vs 4403000 Note: Company went public in October 1986. Reuter | WTD INDUSTRIES INC <WTDI> 3RD QTR JAN 31 NET |
Shr four cts vs four cts prior qtr Pay May five Record April 15 Reuter | ALASKA AIR GROUP INC <ALK> QTLY DIVIDEND |
The former chairman of Peoples National Bank of Rockland County N.Y. pleaded guilty to charges of bribery and income tax evasion. Leonard Slutsky 41 faces up to five years in prison on each of two counts of bank bribery and tax evasion. He could also be fined up to 745000 dlrs. In his guilty plea before Judge Charles B... | FORMER BANK CHAIRMAN ADMITS ACCEPTING BRIBES |
USAir Group Inc said it had no comment on an offer it received from Trans World Airlines to buy USAir for 52 dlrs cash per share. USAir spokesman David Shipley also declined comment on Piedmont Aviation Inc <PIE>. USAir has offered 71 dlrs cash per share for half of Piedmonts stock and 73 dlrs in its own stock for t... | USAIR <U> HAS NO COMMENT ON TWA <TWA> OFFER |
Congressmen from beef producing states and representatives of the U.S. livestock industry urged the Reagan administration to press Japan and South Korea to open up their markets to imports of beef. Testifying at a House subcommittee hearing on livestock issues Rep. Hal Daub (R-Nebr.) said the administration should push... | MORE PRESSURE URGED FOR ASIA TO TAKE U.S. BEEF |
South Africas total gold and foreign assets rose by 700 mln rand in February to 6.2 billion rand after rising by almost one billion rand in January Reserve Bank Governor Gerhard de Kock said. De Kock interviewed on state-run television gave no breakdown of the reserves. He also said that to curb inflation salary increa... | SOUTH AFRICAN FOREIGN RESERVES UP SHARPLY IN FEB |
President Reagan formally accepted the resignation of White House counsel Peter Wallison and named Arthur Culvahouse an associate of new White House chief Howard Baker to replace him. Wallison who has handled White House legal affairs for the past year was closely identified with former chief of staff Donald Regan and ... | REAGAN CHANGES WHITE HOUSE LAWYERS |
E.F. Hutton Group Inc said it named Jerry Welsh to the newly-created post of senior executive vice president for marketing and strategic development. The company said Welsh was previously executive vice president of worldwide marketing and communications for American Express<AXP> Travel Related Services Co Inc. Reut... | E.F. HUTTON GROUP INC <EFH> NAMES EXECUTIVE |
The chairman of the U.S. House subcommittee on dairy livestock and poultry issues Rep. Charles Stenholm (D-Tex.) said it is likely the U.S. dairy support price will be cut next year. It looks like the price cut may take place Stenholm said at a hearing today on dairy issues. Under the 1985 farm bill the Agriculture Sec... | U.S. DAIRY PRICE SUPPORT CUT SEEN LIKELY IN 1988 |
Whether the Soviet Union will fulfill its buying obligations under the U.S./USSR grains agreement depends entirely on the United States a Soviet trade official told Reuters. How can I tell that we are ready to fulfill the agreement if the United States does not want to offer us grain at competitive prices? said Albert ... | MORE SOVIET GRAIN BUYING FROM U.S. TIED TO PRICE |
Computer Identics Corp said its board elected Frank Wezniak to the new position of chief executive officer and as director and president succeeding David Collins. Collins also founder of the company said he resigned because the company has progressed beyond the entrepreneurial stage and requires the management experien... | COMPUTER IDENTICS <CIDN> NAMES CHIEF EXECUTIVE |
A three-part 160 mln dlr offering of Virginia Housing Development Authority collateralized mortgage obligations was priced First Boston Corp said as a manager. The package includes 84 mln dlrs of CMOs with an average life of 1.1 years priced to yield 6.88 pct and 23.5 mln dlrs of bonds with a 5.5 year average life and ... | VIRGINIA HOUSING AGENCY CMO BOND ISSUE PRICED |
HARTFORD STEAM BOILER BUYS 600,000 OF ITS SHARES FROM TRAVELERS | |
TRC Cos Inc said its wholly owned unit Alliance Technologies Corp received a 4.2 mln dlr contract from the U.S. Environmental Protection Agency to develop an inventory of pollutants contributing to acid deposition nationwide. TRC said the program would be the basis for evaluating the relationship between emission sourc... | TRC COS <TRCC> UNIT GETS EPA CONTRACT |
Biospherics Inc said its common stock quotations will appear in the NASDAQ stock table published in more than 100 newspapers. The company said higher trading volume is expected from the new listing. Previously Biospherics was listed only in the regional securities sections in the Washington Post and Baltimore Sun. Reut... | BIOSPHERICS INC <BINC> QUOTES TO BE LISTED |
Qtly div 37.5 cts vs 37.5 cts prior Pay April eight Record March 16 Reuter | LEASEWAY TRANSPORTATION CORP <LTC> QTLY DIV |
Shares of Johnson and Johnson rose sharply today following a reiterated recommendation by Kidder Peabody analyst Arnie Snider traders said. Snider said the stock had also been placed on Kidders selected stock list. The stock gained 3-1/2 points to 91. The reiterated recommendation focused on a strong growth rate and th... | JOHNSON/JOHNSON <JNJ> UP ON RECOMMENDATION |
Sugar production in Peru for the 1986/87 season has been revised to 593000 tonnes (raw value) down 10 pct from the previous forecast and 21 pct below the 1985/86 harvest the U.S. Agriculture Department said in its World Production and Trade Report. It said while rains in the northern mountain region are improving the s... | PERU SUGAR HARVEST SEEN LOWER -- USDA |
Key tax and budget lawmakers Wednesday expressed reservations about the suggested new securities tax which has has aroused concern on Wall Street and put pressure on brokerage stocks. Grappling with the need to either raise taxes or cut federal spending to meet the fiscal 1988 budget deficit target of 108 billion dlrs ... | LEGISLATORS COOL TO NEW STOCK TAX IDEA |
Itel Corp said it obtained commitments from a syndicate of banks for a six-year secured loan of about 325 mln dlrs and had separately filed registration statements for two public offerings for a total of 150 mln dlrs to fund its December 1986 acquisition of <Anixter Bros Inc>. It said one of the offerings will be a ... | ITEL <ITEL> GETS FINANCING FOR ANIXTER BUY |
The Hartford Steam Boiler Inspection and Insurance Co said it will purchase 600000 of its own common stock from Travelers Insurance Companies <TIC>. Hartford said it will buy the stock at 60 dlrs per share. It also said the remaining 200000 shares currently held by the Travelers will be retained for investment purpo... | HARTFORD STEAM BOILER <HBOL> TO BUY STOCK |
Great American First Savings Bank said the bank recorded gains exceeding 80 mln dlrs on sales of loans and mortgage securities valued at 1.1 billion dlrs. The San Diego-based bank said in a prepared release of its report to analysts here that the gains included 6.6 mln dlrs in arbitrage profits from the premium paid fo... | GREAT AMERICAN <GTA> GAINS OVER 80 MLN IN LOANS |
Tandy Brands Inc said it sold its Grate Home and Fireplace division to an investor group that includes some members of Grates management for 1600000 dlrs in cash and secured notes. The company said the sale will not materially offset the 9848000 dlr non-recurring charge it took against the sale of the division. Reuter | TANDY BRANDS <TAB> SELLS UNIT |
The following proposed securities offerings were filed recently with the Securities and Exchange Commission: Intermark Inc <IMI> - Offering of 40 mln dlrs of convertible subordinated debentures due 2007 through Drexel Burnham Lambert Inc. Avery International Corp <AVY> - Offering of two mln shares of common stock... | PROPOSED OFFERINGS RECENTLY FILED WITH THE SEC |
The directors of the American Farm Bureau the nations largest farm organization voted Tuesday to urge Congress to leave the 1985 farm bill in place without alterations. We are solidly opposed to opening up the 1985 farm bill said Dean Kleckner president. The current farm bill has been in place for just a little over a ... | AMERICAN FARM BUREAU OPPOSES FARM BILL CHANGES |
White House chief of staff Howard Baker said he has no secret plan to raise taxes. Talking to reporters he pointed out that Ronald Reagan is president. I am chief of staff. His program is my program. I have no tax plan at all. Bakers comments came in response to a question as to whether he planned to support higher tax... | WHITE HOUSE CHIEF HAS NO SECRET TAX PLAN |
Browning-Ferris Industires Inc said its board declared a two-for-one stock split payable April 24 to holders of record March 31. Reuter | BROWING-FERRIS <BFI> DECLARES 2-FOR-1 SPLIT |
EG and G said its EG and G Services unit was awarded a contract to provide facilities operations maintenance and related services for the U.S. governments chemical decontamination training facility at Fort McClellan Ala. Terms were not disclosed. Reuter | EG AND G <EGG> UNIT WINS GOVERNMENT CONTRACT |
A plan by U.S. semiconductor firms to cooperate in a manufacturing facility to compete with firms in Japan could conflict with anti-monopoly law the plans backers said. The Semiconductor Industry Association announced at a news conference a plan for a consortium to be known as SEMATECH to build an advanced semiconducto... | U.S. SEMICONDUCTOR PLAN RAISES ANTITRUST ISSUE |
Qtly div 55 cts vs 55 cts prior Payable May one Record April three Reuter | PENNWALT CORP <PSM> QTLY DIVIDEND |
Banner Industries Inc said it completed the purchase of all Rexnord Inc <REX> common shares for its 26.25 dlrs per share cash tender offer that ended Feb 27 1987. The purchase follows Banner receiving earlier today 310 mln dlrs under a credit agreement with Citicorp Industries Credit Inc and the Bank of Nova Scotia ... | BANNER INDUSTRIES INC <BNR> COMPLETES PURCHASE |
MURPHY RAISES CRUDE OIL POSTED PRICES ONE DLR/BBL. WTI TO 17.00 DLRS TODAY | |
The Commonwealth of Australia is offering in the Yankee bond market 400 mln dlrs of bonds in two tranches said lead manager Morgan Stanley and Co Inc. A 250 mln dlr issue of bonds due 1997 was given a 7-5/8 pct coupon and was priced at 99.25 to yield 7.73 pct or 60.5 basis points more than comparable Treasury securitie... | AUSTRALIA SELLS BONDS IN TWO TRANCHES |
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