text stringlengths 0 9.69k | target stringlengths 0 137 |
|---|---|
The U.S. Court of Appeals for the Second Circuit upheld a lower court decision dismissing a suit by Apex Oil Co against the New York Mercantile Exchange and several oil companies. The Court however ruled that Apex Oil could pursue anititrust and commodities market manipulation allegations against Belcher Oil Co a unit ... | U.S. COURT UPHOLDS APEX DECISION FAVORING NYMEX |
TRIBUNE CO TO ISSUE UP TO 100 MLN DLRS IN MEDIUM TERM NOTES | |
Canadian letter carriers today rejected a new contract offer from Canada Post as the strike spread to Toronto where half the nations mail is sorted. The Letter Carriers Union said the new offer presented June 18 contained the same demands for concessions the union had already refused. The union members walked out in ot... | CANADA POST WORKERS REJECT LATEST OFFER |
Most private banks in central Madrid and Barcelona closed as Spanish bank staff went on strike for more pay union officials and employers said. Union officials said there was at least partial response to the strike call in the rest of Spain. But a spokesman for the employers Banks Association said banks in many towns w... | SPANISH PRIVATE BANK WORKERS STRIKE |
American Federal Savings and Loans Association of Colorado said its earnings will continue to be under pressure this year due to the weakness of the Colorado economy. The company which today declared a regular quarterly dividend said it was also under pressure from the level of non-earning assets it holds. The company ... | AMERICAN FEDERAL SAVINGS <AFSL.O> SEES PRESSURE |
Daxor Corp said it has received an offer from Federal Express Corp to establish a national frozen blood bank at Federals Memphis Tenn. headquarters. The company said its blood could be shipped anywhere in the U.S. within six hours from Memphis via Federal Express delivery system. Reuter | DAXOR <DAXR.O> IN FEDERAL EXPRESS <FDX> DEAL |
FED SETS SIX-DAY SYSTEM REPURCHASES, FED SAYS | |
Canon Inc of Japan said Canon of Virginia Inc has opened a 26 mln dlr 289000 square foot plant in Newport News Va. The company said the plant will initially make 700 to 1000 Canon dual-color copiers a month and other business equipment lines including laser beam printers and electronic typewriters may be phased in late... | CANON <CANNY.O> OPENS VIRGINIA FACILITY |
Digicon Inc said it started an offer to exchange a package of new securities for all 55019000 dlrs of its outstanding subordinated debentures. The exchange includes its 12-7/8 pct senior subordinated notes 10-1/2 pct convertible subordinated debentures and the 8-1/2 pct convertible subordinated debentures of Digicon Fi... | DIGICON <DGC> STARTS EXCHANGE OFFER FOR DEBT |
GTE Corp scientists said they have discoverd a much simpler method for producing transistors by creating an entirely new electronic material. The new method they said consists of simultaneously growing metal connections and silicon crystals together to form one three dimensional device with connections penetrating the ... | GTE <GTE> DEVELOPS METHOD FOR MAKING TRANSISTORS |
Daxor Corp said it has received an offer from Federal Express Corp to establish a national frozen blood bank at Federals Memphis Tenn. Headquarters. The company said its blood could be shipped anywhere in the U.S. Within six hours from Memphis via Federal Express delivery system. REUTER | DAXOR <DAXR.O> IN FEDERAL EXPRESS <FDX> DEAL |
Allergan Inc a subsidiary of Smithkline Beckman Corp said the U.S. District Court in New York has ordered Bausch and Lomb Inc to immediately recall from retail shelves all soft contact lens solutions sold under the HYPO-CARE name and cease any further distribution. The company said the court found that HYPO-CARE was to... | SMITHKLINE <SKB> SAYS BAUSCH <BOL> RECALL SET |
 ARTHUR D. LITTLE INC <LTLE.O> DIVIDEND CAMBRIDGE Mass. June 19 Qtly div 17.5 cts vs 17.5 cts in prior qtr Payable July 15 Record June 30 Reuter  | |
The Hydraulic Co said it filed for a proposed public offering of 500000 shares of common stock through an underwriting group co-managed by Salomon Brothers Inc and Edward D. Jones and Co. The company said proceeds will be used to repay certain short-term debt. Reuter | THE HYDRAULIC CO <THC> FILES FOR OFFERING |
The Federal Reserve entered the government securities market to arrange six-day repurchase agreements for system account a spokeswoman for the New York Fed said. Fed funds were trading at 6-3/4 pct at the time of the direct injection of temporary reserves dealers said. Economists had expected three- or six-day repurcha... | FED SETS SIX-DAY SYSTEM REPURCHASES |
Dutch salvage firm Smit-Tak said it may take some three weeks to lift the Swiss tug Orinoko and its lighter Pavo which sank 10 days ago at Karlsruhe in West Germany blocking the Rhine river. Smit-Tak which with its West German subsidiary Harms Bergung GmbH was commissioned by the local water authorities to raise the ve... | RHINE BLOCKED FOR THREE MORE WEEKS - SALVAGER |
Tribune Co said it will offer up to 100 mln dlrs of medium-term notes. The notes will be offered on a continuing basis through Salomon Brothers Inc and Merrill Lynch Capital Markets. The notes may have maturities of nine months to 15 years. Specific terms of each transaction will be established at the time of sale the ... | TRIBUNE <TRB> TO ISSUE 100 MLN DLRS IN NOTES |
STIFEL FINANCIAL SAID IT RECEIVED UNSOLICITED MERGER PROPOSAL | |
Harcourt Brace Jovanovich Inc officials were not available for comment on market rumors that it is interested in acquiring Reed International plc <REED.L>. Officials of First Boston Inc Harcourts financial adviser declined comment. A Wall Street arbitrageur who owns Harcourt shares said the rumors did not make much ... | HARCOURT <HBJ> MUM ON REED <REED.L> RUMORS |
Salomon Brothers Inc said it has acquired 21978 convertible subordinated debentures of Harcourt Brace Jovanovich Inc which it says could be converted into 21978000 common shares. In a filing with the Securities and Exchange Commission the New York brokerage firm said it bought the debentures which have a face value of ... | SALOMON BROTHERS HAS HARCOURT <HBJ> DEBENTURES |
General Dynamics Corp said it formed an international consortium to compete for the contract relating to the multinational air to ground missile known as the modular standoff weapon. The modular standoff program is an agreement between the U.S. West Germany United Kingdom France Italy Canada and Spain to develop three ... | GEN DYNAMICS <GD> IN CONTRACT CONSORTIUM |
LLOYDS BANK SAYS IT WITHDRAWING FROM MARKET MAKING IN EUROBONDS AND GILTS | |
South African staff of the U.S. Bank Citicorp <CCI> said they will challenge its plans to sell local operations and withdraw from the country. Employees said they had written to Citicorp chief executive John Reed protesting against the way the disinvestment deal has been handled. They said that they were not consult... | S. AFRICA CITICORP STAFF CHALLENGE DISINVESTMENT |
The World Bank said it has extended three loans to India totalling 929 mln dlrs for two projects in the power sector and one for water supply and sewage. One power project will be supported by a 485 mln dlr loan the bank said. The other power project supported by a 375 mln dlr loan plans to aid in the first phase of a ... | WORLD BANK LOANS INDIA 929 MLN DLRS |
Lloyds Bank Plc said it is withdrawing from market making in Eurobonds and U.K. Government bonds (gilts). It said in a statement it will maintain an active presence in short-term securities trading swaps and other treasury products building on its strengths in traditional foreign exchange and money markets. In the stat... | LLOYDS PULLS OUT OF EUROBOND/GILT MARKET MAKING |
Viacom Inc said the ex-dividend date for its preferred stock is Friday June 19. The company which halted activity on the stock this morning said trading will resume shortly. The last price for Viacom Inc preferred was 24-1/2. Reuter | VIACOM <VIA> SETS EX-DIVIDEND DATE FOR PREFERRED |
Ford Motor Co said that through May its European dealers Europe sold a record 643000 cars and increased their market share to 12 pct from 11.7 pct a year earlier. The company said industry sales ran at a seasonally adjusted annual rate of 11.6 mln cars during the first five months of 1987 compared with 10.9 mln cars in... | FORD <F> HAS 12 PCT MARKET SHARE IN EUROPE |
The U.S. Agriculture Department has ended its screwworm alert control program in Albuquerque New Mexico because the potential of a screwworm outbreak in the area has been contained. The department said the program was set up after a case of screwworms was confirmed in a hunting dog being returned from Venezuela. It sai... | USDA ENDS SCREWWORM CONTROL POST IN ALBUQUERQUE |
Moodys Investors Service Inc said it affirmed First Wisconsin Corps 50 mln dlrs of debt. Affirmed were the firms Baa-1 senior debt and Baa-2 preferred stock. Moodys noted that First Wisconsin said it would add a special loan loss provision of 96 mln dlrs to reflect exposure to economically troubled international borrow... | FIRST WISCONSIN <FWB> DEBT AFFIRMED BY MOODY'S |
Great Western Bank a unit of Great Western Financial Corp is offering 200 mln dlrs of notes due 1997 yielding 9.60 pct said lead manager Merrill Lynch Capital Markets. The notes have a 9-1/2 pct coupon and were priced 99.365 to yield 130 basis points more than comparable Treasury securities. Non-callable to maturity th... | GREAT WESTERN <GWF> UNIT SELLS 10-YEAR NOTES |
The market for advanced visual displays will grow seven-fold into a five billion dlr business in five years NV Philips Gloeilampenfabrieken <PGLO.AS> said. Philips is Europes largest supplier of liquid crystal displays (LCDs) currently used in lighter and more efficient televisions and screens. Last year the market ... | PHILIPS SEES BOOM IN MINI VISUAL DISPLAY BUSINESS |
Five mths end may 31 Shr 1.37 dlrs vs 1.38 dlrs Net 75.2 mln vs 73.6 mln Revs 632.3 mln vs 629.6 mln Avg shrs 54.9 mln vs 53.4 mln 12 mths Shr 3.19 dlrs vs 3.13 dlrs Net 173.6 mln vs 165.1 mln Revs 1.43 billion vs 1.47 billion Avg shrs 54.4 mln vs 52.8 mln Reuter | NEW ENGLAND ELECTRIC SYSTEM <NES> FIVE MTHS NET |
Minnesota Governor Rudy Perpich is considering calling a special legislative session to consider amendments to the states anti-takeover statute according to the governors office. A spokesman for the governor said nothing will be decided today but said the governor will evaluate later whether to call a special session i... | MINNESOTA MAY CONSIDER ANTI-TAKEOVER AMENDMENT |
Boeing Co said the Hart-Scott-Rodino waiting period required in connection with its pending tender offer for ArgoSystems Inc <ARGI.O> expired at midnight June 18. Boeing began its 37 dlr per share cash tender offer for the defense electronics firm on June two. Reuter | BOEING <BA> MERGER WAITING PERIOD EXPIRES |
MOODY'S MAY UPGRADE SCI HOLDINGS' 1.45 BILLION DLRS OF DEBT | |
<MegaVest Industries Inc> said it has agreed in principle to acquire unlisted Computer Trade Development Corp in exchange for 119 mln shares of its common stock. The company said it has about 21.5 mln shares outstanding. It said Computer Trade had revenues of about 6.1 mln dlrs last year. Reuter | MEGAVEST TO ACQUIRE COMPUTER TRADE DEVELOPMENT |
May Department Stores Co said it expects record profits and sales in the fiscal 1988 and also set a five-year 3.3 billion dlr capital expenditure plan. Our sights are set on achieving our 13th consecutive year of record sales and earnings chairman David Farrell told the annual meeting. In the year ended January 31 1987... | MAY DEPT STORES <MA> SEES RECORD FISCAL 1988 |
Gemcraft Inc said it expects to post a profitable second quarter. Gemcraft recorded net income of 908000 dlrs or 16 cts per shr for the second quarter ended June 30 1986. In addition the company said at its annual shareholders meeting that it will repurchase approximately 130000 shares of its common stock a decrease fr... | GEMCRAFT <GEMH.O> SEES PROFIT IN 2ND QTR |
Moodys Investors Service Inc said it may upgrade the ratings on 1.45 billion dlrs of debt of SCI Holdings Inc. The agency cited SCIs announcement that it agreed to sell for 1.3 billion dlrs six television stations and related properties to a joint venture formed by SCI and Gillett Holdings Inc. While financing details ... | SCI HOLDINGS MAY BE UPGRADED BY MOODY'S |
Cold and wet weather in northern western and central parts of Europe continued to slow beet growth but plant density is reported to be good in most countries sugar statistician F.O. Licht said. Temperatures were too low for the season and the rain has hampered field work and occasionally led to water-logged fields. But... | COLD, WET WEATHER SLOWS BEET GROWTH IN W. EUROPE |
First City Bancorp of Texas Inc which is soliciting bidders reiterated that it is premature to speculate on what course of action it will pursue following a story in todays Wall Street Journal that it has attracted at least three potential acquirers. First City said the article was not confirmed by the company and it c... | FIRST <FBT> REITERATES SPECULATION PREMATURE |
BankAmerica Corps Bank of America unit said it will offer 300 mln dlrs in certificates representing interests in a pool of receivables selected from its California Classic Visa credit card accounts. The certificate rate is 8.2 pct. The offering price to the public is 99.89 dlrs resulting in a yield to certificate holde... | BANKAMERICA <BAC> TO SECURITIZE CREDIT CARDS |
Tribune Co said it is offering up to 100 mln dlrs of medium-term notes. The notes will have maturities from nine months to 15 years the company said. The terms of each deal will be set at the time of sale. They will be offered on a continuing basis through Salomon Brothers and Merrill Lynch the firm added. Proceeds wil... | TRIBUNE CO <TRB> TO SELL MEDIUM-TERM NOTES |
The Paris Club of creditor nations agreed to a major rescheduling of Ugandas and Mozambiques government-to-government debts the Club said in a statement. At meetings here this week both countries were accorded terms that were more generous than usually granted by the Club. Uganda was given 15 years to repay its debts w... | UGANDA, MOZAMBIQUE WIN DEBT RESCHEDULING ACCORD |
Shr loss 20 cts vs loss three cts Net loss 346000 dlrs vs loss 26000 dlrs Revs 7671000 dlrs vs 4775000 dlrs 12 mths Shr profit one dlr vs profit 2.19 dlrs Net profit 2927000 dlrs vs profit 5613000 dlrs Revs 40.9 mln vs 35.8 mln Reuter | CHANCELLOR CORP <CHCR.O> 4TH QTR MARCH 31 LOSS |
Jewelmasters Inc said it signed a licensing agreement with Walt Disney Co to make and market gold jewelry featuring such Disney characters as Mickey Mouse Minnie Mouse Donald Duck Pluto and Goofy. Terms were not disclosed. The company said the Disney in Gold merchandise including necklaces earrings and rings in 14 cara... | JEWELMASTERS <JEM> IN PACT WITH DISNEY <DIS> |
U.S. Agriculture Department inspectors have refused entry to parts of two lots of Australian beef because of pesticide residues a spokeswoman for the department said. She said USDA has notified Australia which assured it that stricter controls would be implemented. The Australian government had already imposed residue ... | U.S. REFUSES PARTS OF TWO AUSTRALIA BEEF CARGOES |
Chevron Corp said it sold 4.6 mln shares of UNC Inc common stock on June 15 leaving it with 1.4 mln UNC common shares or 8.4 pct of the total. In a filing with the Securities and Exchange Commission Chevron said it sold the shares for 11.88 dlrs each or a total of 54.6 mln dlrs under an agreement it had with UNC. The s... | CHEVRON <CHV> CUTS UNC <UNC> STAKE TO 8.4 PCT |
N-D Resources Inc said it agreed in principle to issue an undetermined number of shares to Recovery Resources Corp Bahrain in order to acquire Recoverys Atoka Gas Gathering Systems Inc. Atoka currently operates a 20-mile natural gas pipeline of 46 miles in length in southeastern Oklahoma. Reuter | N-D RESOURCES <NUDY.O> AGREES TO ACQUIRE ATOKA |
The United Food and Commercial Workers Union said unlisted Safeway Inc has agreed to provide severance pay to about 5000 workers in the Dallas area resulting from the closure of a division last April. The union said the total severance payment will be about five mln dlrs. It said the division was closed as a result of ... | SAFEWAY AGREES TO SEVERANCE FOR DALLAS WORKERS |
Fifteen countries in Eastern and Southern Africa have agreed to cut tariffs on regional trade by 10 pct every two years up to 1996. A statement by the Preferential Trade Area (PTA) which seeks to create a common market stretching from Ethiopia in the north to Lesotho in the south said the governments would make the fir... | AFRICAN STATES AGREE TO REGIONAL TARIFF CUTS |
The World Bank said it approved four loans to Jamaica totalling 104 mln dlrs to assist that country with an economic structural adjustment program a sugar industry rehabilitation scheme and a population and health project. The bank said two loans will support Jamaicas structural adjustment program -- a 40 mln dlr loan ... | WORLD BANK TO LOAN JAMAICA 104 MLN DLRS |
Hot dry weather has caused some deterioration in Saskatchewan crops according to the Saskatchewan Wheat Pools weekly crop report. Rain was needed in the southwest west-central and northeast regions and other regions were expected to need rain soon. Summerfallow crops were in fair to good condition while stubble crops w... | SASKATCHEWAN CROPS DETERIORATE IN HOT WEATHER |
Illinois Governor James Thompson will likely sign a bill setting December 1 1990 as the trigger date opening the state to wider interstate banking a gubernatorial spokesman said. The bill passed both chambers of the Illinois legislature this week by wide margins. The bill provides that Illinois banks and bank holding c... | FULL INTERSTATE BANKING GAINS IN ILLINOIS |
Japanese crushers bought 8000 tonnes of Canadian rapeseed for shipment from the last-half of July to September trade sources said. Price details were not available. Reuter | JAPAN BUYS 8,000 TONNES OF CANADIAN RAPESEED |
The World Bank said it approved loans to Jamaica totalling 104 mln dlrs to assist it with an economic structural adjustment program a sugar industry rehabilitation scheme and a population and health project. The bank said two loans will support Jamaicas structural adjustment program -- a 40 mln dlr loan for the trade a... | WORLD BANK TO LOAN JAMAICA 104 MLN DLRS |
IC INDUSTRIES NAMES KARL BAYS CHAIRMAN, CHIEF EXECUTIVE | |
Galaxy Cablevision L.P. said it signed a letter of intent to sell the assets of its cable television systems in West Texas which serve about 4600 basic subscribers through nine cable television systems. Terms were not disclosed and the Galaxy did not identify the buyer. The company also said it will make its first cash... | GALAXY <GTV> TO SELL WEST TEXAS ASSETS |
NORTH AMERICAN COMMUNICATIONS WEIGHS POSSIBLE SALE OR MERGER | |
IC industries Inc said Karl Bays has been elected chairman and chief executive officer effective July one. William Johnson who is recovering from a recent stroke has been named chairman emeritus and will continue as a member of the board. Bays is currently chairman of Baxter Travenol Laboratories Inc <BAX>. Reuter | IC INDUSTRIES <ICX> NAMES KARL BAYS AS CHAIRMAN |
Stifel Financial Corp said it received an unsolicited merger proposal from privately held Laidlaw Adams and Peck Inc for 15 dlrs a share in cash for all its outstanding shares. The proposal which expires July 1 values Stifel at about 54 mln dlrs. Stifel has about 3.6 mln shares outstanding. The company said its managem... | STIFEL FINANCIAL <SF> RECEIVES MERGER PROPOSAL |
CANADIAN MONEY SUPPLY M-1 FELL 430 MLN DLRS IN WEEK, BANK OF CANADA SAID | |
U.S. crude oil prices are at their highest level in more than a year ahead of next weeks OPEC meeting even though most industry analysts do not expect any policy changes from the session. They said prices which have steadily climbed since the organizations accord in December have risen on technical factors within the m... | U.S. OIL PRICES STRONG AHEAD OF OPEC MEETING |
The New York Times Co said it had an agreement to buy the Gwinnett Daily News an evening newspaper published in Lawrenceville Ga. Terms were not disclosed. The company said Gwinnett has a weekday circulation of about 27500 and a Sunday circulation of about 30900. The New York Times also said Gwinnett County a northeast... | N.Y. TIMES <NYT> TO BUY GWINNETT DAILY NEWS |
Lloyds of London the insurance market said its offer for a settlement of the five-year old <PCW Underwriting Agencies> affair which involved losses totaling about 235 mln stg was unconditional. For the offers to become unconditional there had to be 90 pct acceptance by those Lloyds members affected by the PCW fraud ... | LLOYD'S OF LONDON DECLARES PCW OFFER UNCONDITIONAL |
Chancellor Corp said its board declared a special dividend of 17 cts per share payable Aug 14 1987 to shareholders of record July 31 1987. The company said it is not its intention to pay quarterly dividends but from time to time pays special dividends if the board believes it appropriate. Reuter | CHANCELLOR <CHCR.O> DECLARES SPECIAL DIVIDEND |
The tug-of-war over who pays to develop new weapons--contractors or the government--is likely to lead to more writeoffs by defense firms analysts said. Singer Co <SMF> and Northrop Corp <NOC> recently announced planned second quarter writeoffs related to costs of major defense programs under fixed-price governmen... | FURTHER US DEFENSE WRITEOFFS LIKELY, ANALYSTS SAY |
Reed International Plc <REED.L> said it had no comment to make on U.K. stock market rumors that Harcourt Brace Jovanovich Inc <HBJ> may make a bid for the company in order to escape unwelcome offers from Robert Maxwells British Printing and Communication Corp <BPCL.L>. A spokeswoman for Reed said earlier analy... | REED SAYS IT HAS NO COMMENT ON HARCOURT RUMOURS |
Unocal Corp said it told the U.S. Treasury Department that it will not include fluidized bed combustion technology a method for the more efficient burning of solids at its Parachute Creek oil shale project in Colorado due to high costs. Under a 1985 agreement with the now-defunct U.S. Synthetic Fuels Corp Unocal said i... | UNOCAL<UCL> SCRAPS FLUIDIZED BED BOILER PROJECT |
Merck Co <MRK> and Squibb Corp <SQB> will benefit from a study that shows lower levels of blood cholesterol slows the build-up of fat in the hearts arteries lowering the risk of heart attacks industry analysts said. Both companies have developed drugs that slow the bodys production of cholesterol although Merck i... | MERCK <MRK>, SQUIBB <SQB> BENEFIT FROM STUDY |
Civil service industrial action started early this month will delay the publication of Mays U.K. Overseas trade figures which had been due out next Thursday a Trade and Industry Department statement said. A department spokesman said the figures will probably be put back by about a month. The June trade figures due in l... | CIVIL SERVICE STRIKE DELAYS U.K. TRADE FIGURES |
Canadian narrowly-defined money supply M-1 fell 430 mln dlrs to 35.65 billion dlrs in week ended June 10 Bank of Canada said. M-1-A which is M-1 plus daily interest chequable and non-personal deposits fell 874 mln dlrs to 79.97 billion dlrs and M-2 which is M-1-A plus other notice and personal fixed-term deposits fell ... | CANADIAN MONEY SUPPLY FALLS IN WEEK |
Demand for platinum could reach 3.4 mln ounces by 1991 compared with an estimated offtake of 2.88 mln in 1986 Chris Clark platinum marketing director for Johnson Matthey Plc said. Clark told a meeting of the Minerals Research Organisation in Milton Keynes he foresaw a 250000 ounce increase in consumption for use in aut... | PLATINUM DEMAND ESTIMATED 17 PCT HIGHER BY 1991 |
Trammel Crow Co said it agreed to buy the 42-story headquarters building of First Wisconsin Corp for undisclosed terms. The privately held real estate development and investment firm said it plans to develop the remainder of the eight-acre site in Milwaukee to include a tower with office space luxury condominiums and r... | <TRAMMEL CROW> TO BUY WISCONSIN <FWB> BUILDING |
Metro Airlines Inc said it has agreed in principle to acquire privately held Chaparral Airlines inc for 5700000 dlrs in cash. Chaparral provides regularly scheduled service out of Dallas/Fort Worth Regional Airport as an affiliated carrier of AMR Corp <AMR> and had revenues in 1986 of 14.1 mln dlrs. Reuter | METRO AIRLINES <MAIR.O> TO MAKE ACQUISITION |
Weatherford International Inc said executive vice president and chief operating officer Kurt K. Bushati will leave September One to accept a senior operating position with the Austrian national oil company. The company said president and chief executive officer Eugene L. Butler will assume the added duties of chief ope... | WEATHERFORD INTERNATIONAL <WII> EXECUTIVE LEAVES |
Duff and Phelps said it lowered its ratings on senior debt and preferred stock to DP-7 (low A) from DP-6 (high A) affecting nearly 670 mln dlrs in debt securities. The action reflects the increased financial leverage resulting from the companys 1986 acquisition of Hammmermill Paper which raised the fixed obligations ra... | DUFF/PHELPS LOWERS INTERNATIONAL PAPER <IP> DEBT |
Standard and Poors Corp said it is keeping Crazy Eddie Incs 81 mln dlrs of B-rated convertible subordinated debt on creditwatch with negatives implications. The companys implied senior debt rating is BB-minus. S and P said it considers a downgrade of Crazy Eddie more likely because of a rash of senior management resign... | CRAZY EDDIE <CRZY.O> REMAINS ON S/P CREDITWATCH |
Manufacturers Hanover Corp is offering 200 mln dlrs of two-year senior extendable notes with a final maturity of 1993 yielding 8.30 pct said lead manager Shearson Lehman Brothers Inc. The notes have an 8-1/4 pct coupon and were priced at 99.90 to yield 85 basis points more than the when-issued two-year Treasury note. A... | MANUFACTURERS<MHC> SELLS 2-YEAR EXTENDABLE NOTES |
Standard and Poors Corp said it downgraded to B-plus from A about 50 mln dlrs of collateral trust notes of Leaseway Transportation Corp. S and P cited a leveraged buyout offer from an investor group that was organized by Citibank and included management. The buyout of Leaseway will result in significant deterioration o... | LEASEWAY <LTC> DEBT DOWNGRADED BY S/P |
June 19 Semi-annual div eight cts vs 15 cts prior Pay Aug 1 Record July 1 NOTE: Before the establishment of the Amity Bancorp Inc holding company Amity Bank declared a full year dividend of 15 cts for the year ended December 31 1986. Reuter | AMITY BANCORP INC <AMTY.O> SEMI-ANNUAL DIV |
Shr loss 46 cts vs loss five cts Net loss 3922000 vs loss 420000 Sales 16.0 mln vs 23.9 mln Avg shrs 8567000 vs 8458000 Nine mths Shr loss 1.02 dlrs vs profit 35 cts Net loss 8685000 vs profit 2978000 Avg shrs 8547000 vs 8437000 Reuter | TELCO SYSTEMS INC <TELC.O> 3RD QTR MAY 31 LOSS |
FEDERAL CO PREDICTS RECORD EARNINGS PER SHARE 4.25-4.50 DLRS FISCAL 1987. | |
Chyron Corp said it has entered into a long term 10 mln dlr revolving credit agreement with European American Bank. It said the agreement will allow it to convert 10 mln dlrs of short-term debt to long-term debt. The agreement is for a period of three years with an option to extend payments for another four years it sa... | CHYRON <CHY> GETS 10 MLN DLR CREDIT |
Altus Bank said it has not been able to reach a definitive agreement to buy Horizon Financial Corp Horizon Funding and 2.8 billion dlrs in loan servicing from Victor Savings and Loan Association. Altus formerly known as First Southern Federal Savings and Loan Association earlier announced the signing of a letter of int... | ALTUS BANK <ALTS.O> FAILS TO REACH AGREEMENT |
Shr 12 cts vs 10 cts Net 189578 vs 100254 Sales 3403914 vs 3122983 Avg shrs 1617600 vs 954400 Reuter | MARS GRAPHIC SERVICES INC <WMD> 1ST QTR MAY 31 |
Qtly div 35 cts vs 35 cts prior Pay July 15 Record June 30 NOTE: Full name is Winthrop Insured Mortgage Investors II Reuter | WINTHROP INSURED MORTGAGE <WMI> SETS PAYOUT |
Qtly div 17-1/2 cts vs 17-1/2 cts prior Pay July 15 Record June 30 Reuter | ARTHUR D. LITTLE INC <LTLE.O> SETS QUARTERLY |
Qtly div 2-1/2 cts vs 2-1/2 cts prior Pay Sept 18 Record Aug 21 Reuter | AMES DEPARTMENT STORES INC <ADD> SETS QUARTERLY |
Marcade Group said it had agreed to buy Europe Craft Imports Inc for a combination of cash and common stock. The company said Europe Craft designs imports and distributes menswear and sportswear under the Members Only brand name. The company said Europe Craft had sales of 70 mln dlrs last year. Marcade said this latest... | MARCADE GROUP INC <MAR> BUYS EUROPE CRAFT |
Qtly div 47 cts vs 47 cts prior Pay Aug 15 Record Aug Three Reuter | UNITIL CORP <UTL> SETS QUARTERLY |
Merck and Co Inc said it has opened a new 80 mln dlr research facility at its Rahway N.J. headquarters. The company said researchers in the new building will be involved in research on MK-906 for reducing the size of enlarged prostate glands an agent to promote wound healing the leukotiene substances linked to asthma a... | MERCK <MRK> OPENS NEW RESEARCH CENTER |
Options on Viacom International stock have been adjusted to account for the payment of a dividend on preferred stock the Chicago Board Options Exchange said. Trading in Viacom stock at the New York Stock Exchange was halted this morning after the company announced a preferred stock dividend at a rate of 0.025834 of pre... | OPTIONS ON VIACOM <VIA> ADJUSTED BY DIVIDEND |
The 72-member Canadian Chemical Producers Association said it adopted a code of practice for the safe transport of chemicals and their by-products. Through cooperation with the transportation industry we will not only minimize transportation accidents but also the risks to people and the environment association preside... | CANADIAN CHEMICAL PRODUCERS SET TRANSPORT CODE |
Pacific International Services Corp said it plans to register with the Securities and Exchange Commission in July to issue convertible subordinated debentures. The company did not detail the prospective offering. Reuter | PACIFIC INTERNATIONAL <PISC.O> TO OFFER DEBT |
European coffee roasters and traders have agreed to propose a new formula for calculating International Coffee Organization ICO quotas Dutch Coffee Trade Association chairman chairman Frits van Horick said. Van Horick who is a council member of the European Coffee Federation was speaking at the end of the ECF annual me... | EUROPEAN COFFEE TRADE PROPOSES NEW QUOTA FORMULA |
Continental Illinois Corp will add to its reserves against bad loans from less developed countries when its board meets next week E.F. Hutton analyst Fred Meinke said. Meinke said a Continental executive told him Friday the banking firm parent of Continental Illinois National Bank and Trust Co of Chicago will add to it... | CONT'L ILLINOIS <CIL> PLANS TO ADD TO RESERVE |
Hills Department Stores Inc said it has decided to amend the registration on file with the Securities and Exchange Commission covering its planned initial offering. The company said it expects to offer three mln common shares at a filing range of 11 to 12 dlrs a share along with a 40 mln dlr offering of convertible jun... | HILLS DEPARTMENT STORES PLANS OFFERING CHANGES |
The World Bank said it approved a 70 mln dlr loan to Hungary to help finance a 833.1 mln dlr telecommunications project. The Bank noted that Hungary which until recently had given telecommunications low priority recognized that inadequate telecommunications are a serious constraint to economic development and reform. T... | WORLD BANK LOANS HUNGARY 70 MLN DLRS |
Brazil has bought 75000 tonnes of French wheat at tender a Brazilian Wheat Board spokesman said. He said the Board accepted offers for 25000 tonnes of wheat from grain firm J. Souffle at 80.49 dlrs per tonne Fob for August shipment. For September shipment the Board bought 25000 tonnes from Graniere at 79.32 dlrs per to... | BRAZIL BUYS FRENCH WHEAT AT TENDER |
Subsets and Splits
No community queries yet
The top public SQL queries from the community will appear here once available.