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The Dutch central bank announced new eleven-day special advances at an unchanged 5.3 pct to aid money market liquidity covering the period March 9 to 20. The amount will be set at tender on Monday March 9 between 0800 and 0830 GMT. The new facility will replace the current 4.8 billion guilders of seven-day advances exp... | NEW DUTCH SPECIAL ADVANCES ANNOUNCED AT 5.3 PCT |
Shr loss not given vs profit 16 cts Net loss 309000 vs profit 426000 Revs 6358000 vs 6747000 Year Shr profit 27 cts vs profit 76 cts Net profit 713000 vs profit 2021000 Revs 24.9 mln vs 27.1 mln NOTE: Pretax net profits 113000 dlrs vs 824000 dlrs in quarter and 1863000 dlrs vs 3606000 dlrs in year. Reuter | SELECTERM INC <SLTM> 4TH QTR LOSS |
<Colonial Municipal Income Trust> said it has filed for an initial public offering of six mln shares of beneficial interest through underwriters led by Morgan Keegan and Co Inc Bateman Eichler Hill Richards Inc and Piper Jaffray and Hopwood Inc at an expected price of 10 dlrs per share. It said proceeds will be inve... | COLONIAL MUNICIPAL TRUST SETS INITIAL OFFERING |
Stone Container Corp said it and Southwest Forest Industries Inc <SWF> completed all waiting period requirements under the Hart-Scott-Rodino Anti-Trust Improvements Act of 1976. Stone said it will proceed with its previously proposed acquisition of Southwest. Reuter | STONE CONTAINER <STO> COMPLETES WAITING PERIOD |
<Fisher Transportation Services Inc> said it has filed for an initial public offering of 1100000 common shares at an expected price of six to seven dlrs a share through underwriters led by Laidlaw Adams and Peck Inc. Fisher is an irregular route truckload quantity general commodity carrier operating throughout the c... | FISHER TRANSPORTATION FILES FOR INITIAL OFFERING |
The failure of International Coffee Organization talks on the reintroduction of quotas has paralysed business on the Hamburg green coffee market in the past week trade sources said. There was only sporadic activity for spot material which was mainly requirement buying they said adding that pre-registered coffees were n... | ICO QUOTA TALKS FAILURE PARALYSE HAMBURG MARKET |
TORONTO DOMINION BANK BUYS SEAT ON TORONTO STOCK EXCHANGE | |
Qtly div 24 cts vs 24 cts prior Pay April 10 Record March 31 Reuter | RESIDENTIAL MORTGAGE INVESTMENTS INC <RMI>PAYOUT |
Southwest Forest Industries said it and Stone Container Corp have complied with all federal waiting period requirements for Stones proposed 32.25 dlr per share cash acquisition of Southwest. Southwest currently has 12.3 mln shares outstanding. The companies entered into a merger agreement on January 27 and made their i... | SOUTHWEST <SWF>, STONE <STO> COMPLY FOR MERGER |
The State Bank of South Australia is issuing a novel 50 mln Australian dlr eurobond due April 8 1992 paying an initial coupon of 16-1/4 pct and priced at 101 pct lead manager Swiss Bank Corp International said. The coupon will then be re-fixed annually at the one-year Australian Treasury rate. There will also be an inv... | STATE BANK OF SOUTH AUSTRALIA ISSUES NOVEL BOND |
OKC Limited Partnership said it will make a five ct per share distribution to unitholders down from 15 cts in December and payable March 30 to holders of record March 18. The partnership said the payout is the largest quarterly cash distribution allowable under terms of its letter of credit. Reuter | OKC LIMITED PARTNERSHIP <OKC> SETS LOWER PAYOUT |
<Rapidtech Systems Inc> said it acquired all rights to the patent for the pocket modem which eliminates the need for stand-alone modems that are attached between telephones and computer terminals as well as modems built into computers. Rapidtech said the patent includes all rights to license and build the modems as ... | RAPIDTECH SYSTEMS INC BUYS PATENT RIGHTS |
Shr profit one ct vs loss seven cts Net profit 63761 vs loss 43006 Revs 1961219 vs 1413859 Year Shr loss seven cts vs loss 20 cts Net loss 380273 vs loss 1108151 Revs 6245012 vs 5368522 Shr out 5950000 vs 5462547 Reuter | BIOTECH RESEARCH LABORATORIES INC <BTRL> 4TH QTR |
South Africas director-general of finance Chris Stals said he was optimistic about reaching a mutually acceptable agreement with foreign bank creditors in debt renegotiation talks scheduled to begin next month. Stals the countrys chief foreign debt negotiator said we are busy finding out how they (banks) feel. They all... | SOUTH AFRICA OPTIMISTIC ABOUT DEBT TALKS |
Morgan Stanley Mortgage Trust I a unit of Morgan Stanley Group is offering 317.8 mln dlrs of AAA-rated collateralized mortgage obligations that include two floating-rate tranches said sole manager Morgan Stanley. The floaters have average lives of 7.85 and 15.6 years for maturities of 2012 and 2015. The rate on the sho... | MORGAN STANELY <MS> UNIT SELLS FLOATER CMOS |
MTech Corp said it expects to file shortly for an offering of subordinated debentures convertibe into common stock. It gave no details on the size of the offering. Reuter | MTECH <MTCH> TO OFFER CONVERTIBLE DEBENTURES |
The Canadian Import Tribunal ruled today subsidized U.S. corn imports were injurious to Canadian growers and upheld a countervailing duty of 84.9 U.S. cts a bushel set earlier this year. The ruling is the result of trade action launched in 1985 by the Ontario Corn Producers Association that contended U.S. subsidies wer... | CANADA UPHOLDS COUNTERVAIL DUTY ON U.S. CORN |
Momentum in th U.S. economy may be picking up given solid across-the board increases in the February U.S. employment report economists said. U.S. non-farm payroll employment rose 337000 in February twice what the financial markets expected. This follows a 319000 gain in January revised down from a previously reported 4... | FEBRUARY U.S. JOBS GAINS SHOW STRONGER ECONOMY |
Shr 1.57 dlrs vs 1.60 dlrs Net 55.7 mln vs 56.5 mln Revs 3.7 billion vs 3.6 billion Year Shr 3.79 dlrs vs 4.11 dlrs Net 144.5 vs 154.5 mln Revs 14.0 billion vs 13.9 billion NOTE: 1986 4th qtr and yr per shr amts includes reduction of 15 cts per shr for establishment of reorganization reserves. Tax increase reduced 1986... | AMERICAN STORES CO <ASC> 4TH QTR NET |
Treasury Secretary James Baker said the agreement among industrial nations in Paris last month is only a start in Washingtons drive to intensify economic cooperation among leading countries. In a speech to the National Newspaper Association Baker said the six steps beginning with the Plaza Agreement and culminating in ... | BAKER SAYS G-6 PACT JUST A START |
TREASURY'S BAKER FULLY EXPECTS BRAZIL TO STRIKE DEAL WITH PRIVATE CREDITORS | |
TREASURY'S BAKER FORECASTS REDUCTION IN JAPANESE TRADE SURPLUS THIS YEAR | |
TREASURY'S BAKER SAYS THERE HAS BEEN NO CHANGE IN U.S. POLICY ON DOLLAR | |
STONE CONTAINER CORP HIKES CONTAINERBOARD PRICES 30 DLRS A TON ALL GRADES EFFECTIVE APRIL SIX | |
USG Corp is raising 100 mln dlrs through an offering of notes due 1997 with an eight pct coupon and par pricing said lead manager Salomon Brothers Inc. That is 80 basis points more than the yield of comparable Treasury paper. Non-callable to maturity the notes are rated A-1 by Moodys and A by Standard and Poors. Goldma... | USG <USG> SELLS 10-YEAR NOTES AT EIGHT PCT |
The Federal Reserve is unlikely to operate in the U.S. government securities market during its usual intervention period this morning economists said. Fed funds opened comfortably at 5-15/16 pct and remained at that level. Yesterday Fed funds averaged 5.99 pct. Reuter | FED NOT EXPECTED TO ACT IN MONEY MARKETS |
<Toronto Dominion Bank> said it agreed to acquire a seat on the Toronto Stock Exchange becoming the first Canadian bank to do so after government proposals to allow banks full involvement in the securities industry. The bank Canadas fifth largest said one of its subsidiaries was already a member of the Toronto Futur... | TORONTO DOMINION TO BUY SEAT ON STOCK EXCHANGE |
Martin Ardbo managing director of <AB Bofors> which is at the centre of a police inquiry into illegal arms shipments to Iran has resigned the company said. Ardbo was Bofors marketing head at the time peace groups say the company supplied arms to countries Sweden had blacklisted. Ardbo was stepping down from his post... | BOFORS MANAGING DIRECTOR RESIGNS |
PicTel Corp said it is filing an amendment to increased the size of its proposed offering of common stock and warrants. It said it is still offering one mln units but each unit will now consist of five common shares and three warrants rather than two shares and one warrant. F.N. Wolf and Co Inc is underwriter. Reuter | PICTEL CORP <PCTL> INCREASES SIZE OF OFFERING |
Boston Bancorp said its board declared a two-for-one stock split payable March 31 record March 17. Reuter | BOSTON BANCORP <SBOS> SETS TWO FOR ONE SPLIT |
South Africas director-general of finance Chris Stals said he was optimistic about reaching a mutually acceptable agreement with foreign bank creditors in debt renegotiation talks scheduled to begin next month. Stals the countrys chief foreign debt negotiator said we are busy finding out how they (banks) feel. They all... | SOUTH AFRICA OPTIMISTIC ABOUT DEBT TALKS |
U.S. Treasury Secretary James Baker said he believes Brazil will strike an agreement with its private creditors. Answering questions from the National Newspaper Association Baker said Brazil is not defaulting on its debt and pointed out its interest payments moratorium was called because of dwindling foreign reserves. ... | BAKER SEES BRAZIL/BANKS REACHING AGREEMENT |
Treasury Secretary James Baker said there has been no change in U.S. policy on the value of the dollar. Baker when asked if the policy was changed in view of comments yesterday by a senior Commerce Department official who said he thought the Japanese yen was undervalued against the dollar by 10 to 15 pct replied No. Ye... | BAKER DENIES CHANGE IN U.S. POLICY ON DOLLAR |
 CORRECTION - MACANDREWS AND FORBES HOLDINGS In New York story headlined MacAndrews and Forbes Holdings bids for Revlon pls read in headline and first paragraph MacAndrews and Forbes considers bid for Revlon and in first paragraph MacAndrews and Forbes holdings Inc said it is considering making a proposal. (Correct... | |
Limited shipping restrictions due to high water remain in force on parts of the West German stretch of the Rhine river between the Dutch border and the city of Mainz but most are expected to be lifted this weekend. water authority officials said The restrictions caused by high water levels include speed limits and dire... | SOME SHIPPING RESTRICTIONS REMAIN ON RHINE |
Allure Cosmetics Inc said it reached an agreement with <Motown Industries> of Los Angeles to be the exclusive licensee of the Motown name for skin care cosmetics and hair-care products. Allure said the medium-priced products are scheduled to be introduced at a trade show in Philadelphia in early April. The company s... | ALLURE COSMETICS <ALUR> SIGNS PACT WITH MOTOWN |
<Hawker Siddeley Group PLC>s offer of 74 dlrs a share for all of Clarostat Mfg Co Incs stock was scheduled to expire at 2400 EST yesterday. Company officials were unavailable for comment as to why the American Stock Exchange had stopped trading in Clarostats stock for a pending news announcement. Reuter | HAWKER SIDDELEY OFFER FOR CLAROSTAT <CLR> ENDS |
Narragansett Capital Inc <NARR> said it and Dudley S. Taft have requested a response from Taft Broadcasting Co by March 12. Earlier today Taft Broadcasting said Taft the companys vice chairman and Narragansett had offered 145 dlrs for each of Tafts 9.2 mln outstanding shares. The company said the offer is conditione... | TAFT <TFB> GIVEN DEADLINE ON BUYOUT PROPOSAL |
Stone Container Corp said that effective April six prices for all grades of containerboard products will increase 30 dlrs per ton. Stone Container chairman and chief executive officer Roger Stone said that for example the base price of 42 lb paper delivered to the Northeast will rise to 380 dlrs a tone from 350 dlrs a ... | STONE CONTAINER <STO> RAISING PRICES |
<Scandinavian Airline System> said it has cut the price of its peak-season Super Apex fares from New York to Scandinavia about 150 dlrs. The airline said there will be comparable savings from other U.S. gateways. The new fares which are subject to government approval were introduced so SAS can remain competitive wit... | SAS CUTS PEAK-SEASON U.S. DISCOUNT AIR FARES |
American Can Co said it plans to change its name to Primerica Corp subject to approval by shareholders at the April 28 annual meeting. It said its new New York Stock Exchange ticker symbol would be <PA>. American Can sold all its packaging operations -- and rights to the American Can name -- to Triangle Industries I... | AMERICAN CAN <AC> TO CHANGE NAME |
Sound Warehouse Inc said revenues for the five weeks ended March One were up 27 pct to 15.0 mln dlrs from 11.9 mln dlrs a year before with same-store revenues off one pct. It said revenues for the third quarter were up 24 pct to 48.0 mln dlrs from 38.7 mln dlrs a year before with same-store revenues off one pct and nin... | SOUND WAREHOUSE <SWHI> SAME-STORE SALES SLIP |
<IBM Canada Ltd> said it filed a lawsuit in the federal court of Canada against a number of companies and individuals operating in Montreal under the names Crazy Irving Inc Irving Le Fou Inc and other names. IBM said the companies are making and distributing copies of IBM personal computer programs that infringe upo... | IBM CANADA FILES COPYRIGHT INFRINGEMENT SUIT |
Standard and Poors said it lowered its rating of Southdown Incs 50 mln dlrs of sinking fund debentures to BB-plus from BBB and removed the issue from Creditwatch. The downgrading reflects higher debt levels from the debt-financed repurchase of 89 mln dlrs worth of common shares combined with a bleaker earnings outlook ... | SOUTHDOWN <SDW> DOWNGRADED BY S/P |
period ended January 31 Shr loss 28 cts vs profit seven cts Net loss 931000 vs profit 7000 Sales 2303000 vs 2006000 Nine mths Shr loss 55 cts vs profit seven cts Net loss 1619000 vs profit 185000 Sales 7684000 vs 7059000 Note: per share reflects issue of 600000 shares in October 1986. Reuter | <PETER MILLER APPAREL GROUP INC> 3RD QTR LOSS |
La Caisse Centrale Desjardins Du Quebec is issuing a 10 billion yen eurobond due April 7 1994 paying five pct and priced at 102-3/8 pct Yamaichi International (Europe) Ltd said as joint book runner for the deal. Tokai International Ltd is other joint book runner. The bond is available in denominations of one mln yen an... | QUEBEC CAISSE DESJARDINS BRINGS EUROYEN BOND |
Santa Fe Southern Pacific Corp said it filed a petition asking the U.S. Interstate Commerce Commission to reconsider its earlier rejection of the merger of the holding companys railroad assets. The ICC had rejected in July the merger of the Santa Fe and Southern Pacific Railroads on the grounds that it would reduce com... | SANTA FE SOUTHERN <SFX> APPEALS MERGER RULING |
U.S. Treasury Secretary James Baker said the Japanese trade surplus would begin to decline this year. He told the National Newspaper Association Youre going to see a reduction in the Japanese trade surplus -- some of it this year. But he said the reduction would be due principally to the exchange rate shifts since the ... | BAKER SEES LOWER JAPANESE TRADE SURPLUS |
CINEPLEX ODEON CORP YEAR OPER SHR BASIC 1.04 DLRS VS 77 CTS | |
Monfort of Colorado Inc soared 21-1/2 to 75 in over-the-counter trading responding to an announcement late yesterday that the firm will be acquired by Conagra Inc <CAG>. According to a letter of intent signed by both companies Conagra will offer 2.5 of its own shares for each of Monforts 4.3 mln outstanding shares. ... | MONFORT <MNFT> SOARS ON ACQUISITION AGREEMENT |
Standard and Poors Corp said it affirmed the ratings on 255 mln dlrs of debt of Triangle Industries Inc and the unit National Can Corp. S and P cited an increase in Triangles equity base to about 450 mln dlrs at year-end 1986 from 102 mln dlrs a year ago. That resulted from a conversion of debt securities and the issua... | TRIANGLE INDUSTRIES <TRI>, UNIT AFFIRMED BY S/P |
Swedens <Nordbanken> banking group said it would sell the 4.2 mln B free shares deposited as loan collateral by Fermenta ABs <FRMS.ST> founder and former chief executive Refaat el-Sayed and it planned to buy them up itself. The bank said the sale - by public auction on March 16 -- was because of a debtors inabili... | NORDBANKEN TO AUCTION ITS FERMENTA SHARES |
The Vancouver Stock Exchange said February volume rose to 362.4 mln shares up from 274.8 mln a year ago and up 27 pct from the previous volume record for the month set in 1983. The exchange said market value for the month was 469.5 mln dlrs up from 336.3 mln dlrs a year before and 8.5 pct ahead of the previous record f... | VANCOUVER EXCHANGE FEBRUARY VOLUME RISES |
Sole underwriter E.F. Hutton Group Inc <EFH> said an offering of 2100000 common shares of Computer Factory Inc is under way at 24.50 dlrs per share. The company is selling 1800000 shares and a shareholder the rest. Computer Factory and the shareholder have granted Hutton an option to buy up to 315000 more shares to ... | COMPUTER FACTORY <CFA> SHARE OFFERING STARTS |
La Caisse Centrale Desjardins Du Quebec is issuing a 10 billion yen eurobond due April 7 1994 paying five pct and priced at 102-3/8 pct Yamaichi International (Europe) Ltd said as joint book runner for the deal. Tokai International Ltd is other joint book runner. The bond is available in denominations of one mln yen an... | QUEBEC CAISSE DESJARDINS BRINGS EUROYEN BOND |
Standard and Poors Corp said it raised to BBB-plus from BBB Public Service Co of Indianas first mortgage bonds. The utilitys BBB-minus preferred stock was affirmed. The company has one billion dlrs of debt outstanding. S and P cited continuing improvement in earnings protection measures because of a 1986 emergency rate... | P.S. INDIANA <PIN> BONDS UPGRADED BY S/P |
America West Airlines said its February load factor slipped to 57.9 pct from 58.1 pct a year earlier and the year-to-date load factor was up slightly at 55.5 pct compared with 55.4 pct a year earlier. February revenue passenger miles rose to 367.6 mln from 209.1 mln and year-to-date revenue miles were up to 730.3 mln f... | AMERICAN WEST <AWAL> HAS LOWER LOAD FACTOR |
Shr loss 1.27 dlrs vs profit 43 cts Net loss 17.0 mln vs profit 5667000 Sales 67.8 mln vs 70.1 mln Year Shr loss 69 cts vs profit 2.18 dlrs Net loss 9174000 vs profit 29.1 mln Sales 272.5 mln vs 269.4 mln Avg shrs 13.3 mln vs 13.4 mln NOTE: 1986 net includes tax credits of 14.5 mln dlrs in quarter and 8408000 dlrs in y... | UNITED INDUSTRIAL CORP <UIC> 4TH QTR LOSS |
Oper shr basic 1.04 dlrs vs 77 cts Oper shr diluted 89 cts vs 60 cts Oper net 31.6 mln vs 12.5 mln Revs 500.6 mln vs 170.9 mln Avg shrs 29.1 mln vs 14.3 mln Note: 1985 net excludes extraordinary gain of 1756000 dlrs or 12 cts shr basic and eight cts shr diluted. 1986 net involves 53-week reporting period to reflect cha... | <CINEPLEX ODEON CORP> YEAR NET |
Mine Safety Appliances Co said it agreed to sell its filter products division to Donaldson Co Inc <DCI> for undisclosed terms. It said the filter products unit will be relocated from its plant in Pennsylvania to a Donaldson facility in Illinois. It said it expects a number of the units 100 employees will be offered ... | MINE SAFETY APPLIANCES <MNES> TO SELL UNIT |
Equimark Corp said <Equimark Purchasing Partners> will be dissolved effective February 24. Equimark a bank holding company with is the limited parterships general partner said the partnerships dissolution will proceed in accordance with the partnership agreement and the assets are being distributed to partners on a ... | EQUIMARK <EQK> PARTNERS TO BE DISSOLVED |
Purchases of West German bonds in January reached a record 13 billion marks worth as a result of investment from other European countries amid expectations of a European Monetary System realignment the Bundesbank said. This produced a surplus in the securities item of the long-term capital account of 11.17 billion mark... | GERMAN SECURITIES PURCHASES SET RECORD IN JANUARY |
Shr loss 10 cts vs loss 50 cts Net loss 1830000 vs loss 3584000 Revs 40.7 mln vs 26.8 mln Avg shrs 19.2 mln vs 7115847 12 mths Shr profit 10 cts vs loss 91 cts Net profit 1422000 vs loss 6195000 Revs 185.7 mln vs 126.9 mln Avg shrs 14.8 mln vs 6811280 NOTES: In May 1986 Prospect raised 1018100000 dlrs from an initial p... | PROSPECT GROUP INC <PROSZ> 4TH QTR LOSS |
France Fund Inc said its board declared an initial dividend of 1.12 dlrs per share payable April six to holders of record March 20. The fund said the dividend represents two cts per share for net investment income realized during 1986 and 1.10 dlrs from net taxable gains realized during the year. Reuter | FRANCE FUND INC <FRN> SETS INITIAL DIVIDEND |
3Com Corp said it filed a registration statement with the Securities and Exchange Commission covering a proposed public offering of one mln common shares. It said the offering will be managed by Goldman Sachs and Co and Montgomery Securities. Proceeds from the proposed offering will be added to working capital to fund ... | 3COM <COMS> FILES FOR ONE MLN SHR OFFERING |
Pre-tax profit 513.2 mln guilders vs 545.5 mln Net profit 285.3 mln guilders vs 265.4 mln Consolidated net turnover 6.68 billion guilders vs 6.40 billion Net profit per 25.00 guilder nominal share 11.11 guilders vs 10.33 taking into account one-for-three scrip issue last year Final dividend two guilders vs same making ... | HEINEKEN N.V. <HEIN.AS> 1986 YEAR |
Oper shr loss 15 cts vs profit 57 cts Oper net loss 151000 vs profit 570000 Year Oper shr profit 2.08 dlrs vs loss 12 cts Oper net profit 2122000 vs loss 127000 NOTE: Net excludes realized capital loss 19000 dlrs vs gain 896000 dlrs in quarter and gains 1646000 dlrs vs 1331000 dlrs in year. 1986 net both periods exclud... | NATIONAL SECURITY INSURANCE CO <NSIC> 4TH QTR |
Standard and Poors Corp said debt ratings on 840 mln dlrs of debt of Baker International Corp and Hughes Tool Co remain on creditwatch. S and P cited the adjournment of a special shareholder meeting in which Hughes objected to certain conditions for the merger of the companies set by the U.S. Justice Department. If the... | BAKER <BKO>, HUGHES <HT> STILL ON S/P WATCH |
Wilson Foods Corp said an offering of 2500000 common shares is underway at 10.375 dlrs each through underwriters led by <Smith Barney Harris Upham and Co Inc>. Reuter | WILSON FOODS <WILF> SHARE OFFERING STARTS |
Rollins Environmental Services Inc said an offering of 900000 common shares is under way at 34.625 dlrs a share through underwriter Merrill Lynch and Co Inc <MER>. Reuter | ROLLINS ENVIRONMENTAL <REN> SHARE OFFER STARTS |
Cyprus Minerals Co said along with about 40 other companies it has been named a defendant in 23 product liability lawsuits filed in California by individual tireworkers aleging injury as a result of exposure to talc and other products. It said other suits are expected to be brought. Cyprus which produces talc said it h... | CYPRUS MINERALS <CYPM> NAMED IN SUITS |
Donaldson Co Inc said it reached an agreement to buy the assets of the Filter Products Division of Mine safety Appliances Co for undisclosed terms. It said Filter Products will operate as part of Donaldsons Industrial Group and its manufacturing operations will be relocated to Dixon Ill. from Evans City Pa. Donaldson s... | DONALDSON <DCI> TO BUY MINE SAFETY <MNES> UNIT |
Philip Crosby Associates Inc said it and police authorities are investigating a possible embezzlement by a bonded former employee that may involve several hundred thousand dollars. The company said it does not expect the possible embezzlement to materially affect 1986 earnings. It said the release of results will be de... | PHILIP CROSBY <PCRO> PROBES POSSIBLE EMBEZZLING |
Shr 1.73 dlrs vs 1.66 dlrs Net 3637000 vs 3789000 Revs 27.6 mln vs 26.6 mln Year Shr 3.47 dlrs vs 2.34 dlrs Net 7815000 vs 5340000 Revs 94.3 mln vs 81.9 mln Reuter | ARUNDEL CORP <ARL> 4TH QTR NET |
R.J. REYNOLDS TO REDEEM 1.2 BILLION DLRS OF 11.20 PCT NOTES | |
Meridian Diagnostics Inc said it finalized a licensing agreement with the University of Arizona for the production of a test kit that detects Giardia lamblia a major cause of travelers diarrhea. Giardia is a common parasite found in water and Meridian said it is the most common parasite in the U.S. It said it expects t... | MERIDIAN <KITS> LICENSES PARASITE TEST KIT |
Gulf States Utilities Co said auditor Coopers and Lybrand has issued a qualified opinion on 1986 financial statements. Gulf States said the audit opinion satated that without sufficient rate increases or funds from other sources Gulf states may be unable to maintain its financial viability which is necessary to permit ... | GULF STATES UTILITIES <GSU> GETS QUALIFIED AUDIT |
FED SETS ONE BILLION DLR CUSTOMER REPURCHASE, FED SAYS | |
Genentech Inc said it filed a suit against the Food and Drug Administration in the U.S. District Court for the District of Columbia over an unresolved issue relating to genetically engineered human growth hormone. At issue said Genentech is whether Eli Lilly and Cos <ELI> recombinant human growth hormone and its new... | GENENTECH <GENE> FILES SUIT AGAINST FDA |
The Finance Ministry said it set a price of 335 francs per investment certificate for a public offering of the states rights to a 2.5 billion franc one-for-five rights issue of certificates by Rhone-Poulenc <RHON.PA> opening Monday. The price was based on a 12 billion franc minimum value set on Rhone-Poulenc by the ... | FRANCE SETS PRICE FOR RHONE-POULENC ISSUE |
The Mississippi River is now open for barge traffic up to the Twin Cities in Minnesota after repairs were completed and the first barges moved upstream through Lock and Dam 20 near Quincy Ill at 0600 CST today an Army Corps of Engineers spokesman said. About 14 to 15 inches of ice were reported between locks three and ... | MIDMISSISSIPPI RIVER OPENS TODAY FOR SEASON |
Fieldcrest Cannon Inc said it filed with the Securities and Exchange Commission a registration statement covering a 100 mln dlr issue of convertible subordinated debentures. Proceeds will be used to reduce outstanding bank debt under the companys revolving credit agreement Fieldcrest Cannon said. The company named Kidd... | FIELDCREST CANNON <FLD> TO SELL CONVERTIBLE DEBT |
The Federal Reserve entered the government securities market to arrange one billion dlrs of customer repurchase agreements a spokesman for the New York Fed said. Fed funds were trading at 5-15/16 pct at the time of the indirect injection of temporary reserves dealers said. Reuter | FED SETS ONE BILLION DLR CUSTOMER REPO |
Residential Mortgage Acceptance Inc a unit of Residential Mortgage Investments Inc is offering 100 mln dlrs of collateralized mortgage obligations said sole manager Merrill Lynch Capital Markets. Average lives for two floating-rate classes are 2.36 and 11.27 years for maturities of 2011 and 2016. Rates will be reset at... | RESIDENTIAL MORTGAGE <RMI> SELLS CMOS |
Duff and Phelps said it has downgraded fixed income securities of USX Corp and its subsidiaries and at the same time took the issues off its watch list. The change affects about 6.6 billion dlrs in debt securities. USX senior debt was lowered to DP-11 (high BB) from DP-9 middle BBB) Marathon oil senior debt to DP-11 fr... | DUFF/PHELPS DOWNGRADES USX CORP <X> DEBT |
Cash in circulation in West Germany rose by 2.8 billion marks in the last week of February to 121.5 billion a gain of 8.3 pct over the same month last year the Bundesbank said. Cash in circulation is one of two components of the West German money supply which the German central bank is targeting to grow between three a... | GERMAN CASH IN CIRCULATION UP AT FEBRUARY'S CLOSE |
Shr profit 15 cts vs loss six cts Net profit 1051000 vs loss 381000 Revs 50.8 mln vs 41.8 mln Avg shrs 703300 vs 6557000 NOTE: 1987 net includes tax credits equal to six cts vs one cent in 1986. Reuter | SUN ELECTRIC CORP <SE> 1ST QTR JAN 31 NET |
Ecuador today suspended its crude oil exports indefinitely due to an earthquake last night that damaged pumping and crude transport installations an Energy and Mines MInistry statement said. It said the state oil firm Corporacion Estatal Petrolera Ecuatoriana (CEPE) notified foreign customers that it was declaring forc... | ECUADOR SAYS SUSPENDS OIL EXPORTS DUE EARTHQUAKE |
RJR Nabisco Inc said it will redeem all 1.2 billion dlrs of its 11.20 pct notes due August 1 1997 on April Six using the proceeds from the sale of its Heublein Inc subsidiary to Grand Metropolitan PLC. The company said it completed the previously-announced sale of Heublein for 1.2 billion dlrs in cash today. It said th... | RJR NABISCO<RJR>TO REDEEM 1.2 BILLION DLRS NOTES |
The following proposed securities offerings were filed recently with the Securities and Exchange Commission: Evans and Sutherland Computer Corp (ESCC) - Offering of 50 mln dlrs of 25-year convertible subordinated debentures through Hambrecht and Quist Inc. Gould Inc (GLD) - Offering of two mln shares of convertible exc... | PROPOSED OFFERINGS RECENTLY FILED WITH THE SEC |
Oper shr loss 39 cts vs profit 62 cts Oper net loss 4628000 vs profit 7256000 Revs 338.1 mln vs 327.9 mln Year Oper shr profit 1.12 dlrs vs profit 1.88 dlrs Oper net profit 13.2 mln vs 22.2 mln Revs 1.32 billion vs 1.29 billion NOTE: Net excludes gains from discontinued leasing operations of 37.6 mln dlrs vs 40.3 mln d... | LEASEWAY TRANSPORTATION CORP <LTC> 4TH QTR LOSS |
Hertz Corp a unit of UAL Inc filed with the Securities and Exchange Commission for a shelf offering of up to 500 mln dlrs of senior debt securities on terms to be set at the time of sale. Underwriters were not named in the draft prospectus. Hertz said offering proceeds would be used for general corporate purposes and t... | UAL (UAL) HERTZ UNIT FILES 500 MLN DLR OFFERING |
Shr 51 cts vs 44 cts Net 4710000 vs 4086000 Sales 109.2 mln vs 98.2 mln Nine mths Shr 1.62 dlrs vs 1.39 dlrs Net 15.0 mln vs 13.6 mln Sales 314.6 mln vs 279.7 mln Reuter | NCH CORP <NCH> 3RD QTR JAN 31 NET |
Moodys Investors Service Inc said it downgraded 50 mln dlrs of debt of Allied Bancshares Inc and the lead bank Allied Bank of Texas. Cut were the parents senior debt to Ba-3 from Baa-2 and commercial paper to Not Prime from Prime-2. The lead banks long-term deposits were reduced to Ba-1 from Baa-2 and short-term deposi... | ALLIED BANCSHARES <ALBN> DOWNGRADED BY MOODY'S |
<Nationwide Mutual Insurance Co> said its property-casualty companies had a net loss of 56 mln dlrs last year while its life insurance operations earned 66.8 mln dlrs. Nationwide said its property-casualty group the fourth-largest U.S. property-casualty insurer had a 106 mln dlr loss in 1986. Nationwide Life Insuran... | NATIONWIDE HAD 1986 PROPERTY-CASUALTY LOSS |
Sun Cos Sun Refining and Marketing subsidiary said it increased the price it charges contract barge customers for heating oil in New York harbor 0.50 cent a gallon effective today. They said the 0.50 cent increase brings Suns contract barge price to 49 cts. The recent price hike represents the fifth this week totalling... | SUN <SUN> RAISES HEATING OIL BARGE PRICE |
The French primary bond market is showing signs of renewed effervescence after several weeks of lethargy and the trend is expected to continue if hopes of imminent interest rate cuts are fulfilled market operators said. The Bank of France is generally expected to give a signal to the market possibly at the beginning of... | FRENCH PRIMARY BOND MARKET SHOWS NEW SPARKLE |
U.S. TREASURY SELLING 9.5 BILLION DLRS OF ONE-YEAR BILLS MARCH 12 TO RAISE 275 MLN DLRS | |
The investor group owning about 42 pct of the outstanding capital stock of <The First Womens Bank> said a cash tender offer for the banks remaining outstanding shares at 11 dlrs per share expired on March three. The investors said about 132000 shares or about 20 pct of the outstanding had been tendered. Reuter | FIRST WOMEN'S BANK INVESTOR GROUP OFFER EXPIRES |
Period ended December 31. Shr loss nine cts vs loss 1.92 dlrs Net loss 950000 vs loss 21334000 Revs 580000 vs 22.2 mln Nine Mths Shr loss six cts vs loss 1.23 dlrs Net loss 694000 vs loss 13710000 Revs 5129000 vs 111.9 mln Note: Current qtr includes tax loss of 118000 vs loss of 476000 dlrs. Reuter | COMPUTER MEMORIES INC <CMIN> 3RD QTR LOSS |
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