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The U.K. Government forecasts that oil revenues will fall to four billion stg in the fiscal year 1987/88 from 4.75 billion in 1986/87 and 11.5 billion in 1985/86. The forecast came in the Treasurys Financial Statement and Budget Report issued after the Chancellor of the Exchequer Nigel Lawsons annual budget statement t... | U.K. OIL REVENUE FORECAST TO FALL IN 1987/88 |
Shares of Reynolds Metals Co rose sharply after Wall Street firm Furman Selz Mager Dietz and Birney issued a report focusing on the strong earnings potential from the companys Australian gold holding traders familiar with the report said. Traders said the report notes that earnings from Australian gold holdings could b... | REYNOLD METALS <RLM> UP ON FURMAN SELZ REPORT |
Alcan Aluminium Ltd said it may issue up to two mln first preferred shares in addition to an unlimited number of additional common shares and an unlimited number of additional preference shares at any time after its proposed reorganization. In a proxy statement the company said shareholders are to vote on the reorganiz... | ALCAN <AL> MAY MAKE SHARE ISSUES |
 CORRECTION - SIMMONS AIRLINES INC <SIMM> LOSS In CHICAGO item headlined Simmons Airlines Inc <SIMM> 2nd qtr loss please reverse qtrs for which figures are reported. Reuter  | |
Qtly div 15 cts vs 12-1/2 cts prior Pay April 15 Record March 31 Reuter | WESTERN FEDERAL SAVINGS BANK <WFPR> UPS PAYOUT |
NASDAQ HALT - ALLEGHENY BEVERAGE CORP <ABEV>, NEWS PENDING,LAST 4-3/4 | |
Hydro-Quebec the provincially-owned utility said it is appearing this week before the National Energy Board to defend its application to export about five billion Canadian dlrs worth of electricity to the New England states. The contract with the New England Power Pool was signed in 1985 and runs from 1990 to 1999. A s... | HYDRO-QUEBEC IN HEARINGS FOR U.S. POWER EXPORTS |
OPEC believes world oil prices should be set around a fixed average price of 18 dlrs a barrel OAPEC Assistant General Secretary Abdelaziz Al-Wattari said. In a speech to a European Community/OAPEC/OPEC seminar in Luxembourg released here Al-Wattari said OPEC believes ...the world energy trade should be kept without res... | OPEC WANTS 18 DLR OIL PRICE - OAPEC OFFICIAL |
The House of Representatives approved a bill to enable 1987 winter wheat and feedgrains farmers hit by midwestern flooding last year to receive at least 92 pct of their federal income support payments even if they did not plant. The one-time pilot 0/92 program designed to assist farmers in Kansas Oklahoma Michigan and ... | U.S. HOUSE APPROVES PILOT 0/92 DISASTER PROGRAM |
Simmons Airlines Inc said its load factor for February declines to 41.8 pct from 46.1 pct a year ago. Traffic increased 31.3 pct to 15 mln revenue passenger miles from 11.4 mln while capacity increased 45.1 pct to 35.8 mln available seat miles from 24.7 mln. Reuter | SIMMONS <SIMM> FEBRUARY LOAD FACTOR DECLINES |
Shr profit one cts vs profit four cts Net profit 27490 vs 89687 Sales 2899189 vs 2785931 Nine mths Shr loss four cts vs profit nine cts Net loss 78038 vs profit 184062 Sales 8785918 vs 8273913 Reuter | DIODES INC <DIO> 3RD QTR JAN 31 NET |
ALLEGHENY BEVERAGE SAYS GROUP INTERESTED IN ACQUIRING ITS SERVICE AMERICA CORP UNIT | |
Oper shr nine cts vs 128 cts Qtly div 18 cts vs 22 cts prior Oper net 951000 vs 1817000 Total income 5010000 vs 5575000 Nine mths Oper shr 39 cts vs 59 cts Oper net 4014000 vs 5936000 Total income 15.2 mln vs 16.7 mln NOTE: Current year net both periods includes 750000 dslr provision for possible losses. Net excludes g... | MONY REAL ESTATE INVESTORS <MYM> 3RD QTR FEB 28 |
Hilton Hotels Corp expects earnings per share for first quarter fiscal 1987 to March 31 to be about 90 cts compared with 70 cts a year earlier Hilton Hotels division president Carl Mottek said. He told a news conference the company expected costs for its first 10 all-suite hotels announced today to be about 150 mln dlr... | HILTON <HLT> SEES IMPROVED FIRST QUARTER PROFITS |
H.J. Heinz Co is within sight of our 22nd consecutive year of new records in financial growth for the fiscal year ending April 30 Chairman and Chief Executive Officer Anthony OReilly told investment analysts. OReilly who declined to make a specific projection said the food company is stronger than at any time in its 11... | H.J. HEINZ <HNZ> POISED FOR RECORD YEAR |
An attorney was named today in a 24-count federal indictment alleging he initiated an insider trading scheme which allowed friends and relatives to make nearly 1.5 mln dlrs in illegal profits on non-public knowledge of a corporate restructuring. Israel G. Grossman 34 who had been a pension specialist for the New York f... | U.S. ATTORNEY INDICTED IN INSIDER SCHEME |
Allegheny Beverage Corp said it has been approached by a group interested in acquiring its foodservice unit Service America Corp. The group includes senior management of Service America but no officers of Allegheny Beverage the company said. The company has agreed to permit the group and its potential lenders to perfor... | ALLEGHENY BEVERAGE <ABEV> EXPLORES UNIT SALE |
Inspiration Resources Corp said a gold project in northern Manitoba in which it has a 44.8 pct interest has yielded estimated total reserves of 1580000 short tons grading an average 0.185 ounce of gold per ton. The company said <Manitoba Mineral Resources Ltd> owns the remaining interest in the project which is loca... | INSPIRATION <IRC> IN CANADIAN GOLD FIND |
Standard and Poors Corp said it raised to B from B-minus Valero Energy Corps preferred stock. Also the rating agency affirmed Valeros BB-minus industrial revenue bonds and B-rated debentures. About 950 mln dlrs of long-term debt is outstanding. S and P said Valeros financial flexibility would improve as the company pla... | VALERO <VLO> PREFERRED STOCK UPGRADED BY S/P |
MarCor Development Co Inc said it expects to post a profit for its fiscal year ended February 28 of about two mln dlrs compared to a year earlier loss of 3.2 mln dlrs. During the prior year the company operated as F and M Importing a publicly-held wholesale food distributor. During March last year privately-held Marcor... | MARCOR <MAAR> EXPECTS FISCAL YEAR PROFIT |
Honduras has been authorized to buy about 75000 tonnes of U.S. wheat about 15000 tonnes of U.S. corn and about 6000 tonnes of U.S. tallow under an existing PL 480 agreement the U.S. Agriculture Department said. The department said it may buy the wheat valued at 8.5 mln dlrs the corn valued at 1.5 mln and the tallow val... | HONDURAS AUTHORIZED TO BUY PL 480 COMMODITIES |
Valley Resources Inc said its board declared a three-for-two stock split and raised the quarterly cash dividend on the pre-split shares to 42 cts from 38 cts. The company said both the split and the dividend are payable April 15 to holders of record March 31. Reuter | VALLEY RESOURCES (VR) SETS STOCK SPLIT, UPS PAYOUT |
A shareholder group led by New York investor Theodore Cross said in a Securities and Exchange Commission filing that it boosted its stake in Frost and Sullivan Inc common stock to 208800 shares or 13.7 pct of the total outstanding. The group said Cross bought 17000 shares in the open market between Feb. 17 and March 10... | CROSS BOOSTS FROST AND SULLIVAN <FRSL> HOLDINGS |
Champion Home Builders Co as part of a previously announced reorganization said it set up a subsidiary to handle two of its operations. The company transferred its recreational vehicle and commercial bus manufacturing operations to a new wholly owned subsidiary Champion Motor Coach Inc. Total sales from the three manuf... | CHAMPION HOME <CHB> SETS UP UNIT |
peru will sell about 40 state-owned firms to trim a projected 740 mln dlrs loss this year among government-owned companies. Some companies would be sold in their entirety and others would be privatised only partially according to jose palomino president of the governments state company holding firm the national develop... | PERU TO SELL 40 STATE FIRMS TO CUT BUDGET DEFICIT |
Diebold Inc said it signed an original equipment manfacturing agreement with Wang Laboratories Inc. Terms of the agreement were not disclosed. Diebold said the agreement gives Wang the right to sell and support a variety of Diebold retail and electronic funds transfer systems to selected markets worldwide. In a press r... | DIEBOLD <DBD> IN PACT WITH WANG <WAN> |
Shr loss 28 cts vs loss 80 cts Net loss 2150000 vs loss 3722000 Sales 1478000 vs loss 2097000 Reuter | INTERDYNE CO <IDYN> 1ST QTR FEB 1 LOSS |
The Coldwell Banker Commercial Real Estate Services unit of Sears Roebuck and Co said it recorded 1986 real estate sales and leases totaling 17.7 billion dlrs compared with 15.4 billion in 1985. Some 62.1 pct of the volume was in leases and the remainder in sales the company said. It also said sales and leases in offic... | SEARS <S> REAL ESTATE UNIT BUSINESS IMPROVES |
<Terumo Corp of Tokyo> has committed 75 mln dlrs to the expansion of its medical products manufacturing and research development facility in Elkton Md. said Gov. William Donald Schaefer in a press release. Terumo which operates in Maryland as Terumo Medical Corp is the largest manufacturer of disposable medical prod... | TERUMO CORP IN 75 MLN DLR EXPANSION IN MARYLAND |
Moodys Investors Service Inc said it may downgrade 700 mln dlrs of debt of Dana Corp and its unit Dana Credit Corp. The agency said its review would focus on the implications of Danas aggressive balance sheet management on liquidity and financial flexibility. Moodys will also take into account intensifying competition ... | DANA <DCN> DEBT MAY BE DOWNGRADED BY MOODY'S |
Qtr ends Jan 31 Shr 23 cts vs eight cts Net 309963 vs 110356 Revs 2503451 vs 1351076 Nine mths Shr 62 cts vs 25 cts Net 851776 vs 331666 Revs 6739351 vs 4107713 Reuter | KILLEARN PROPERTIES INC <KPI> 3RD QTR NET |
Period end Jan 31 Shr loss one cts vs profit eight cts Net loss 52198 vs profit 602766 Revs 18.6 mln vs 7833424 Nine mths Shr profit 10 cts vs profit six cts Net profit 809243 vs profit 393372 Revs 36.3 mln vs 18.7 mln Reuter | <GATEWAY MEDICAL SYSTEMS INC> 3RD QTR LOSS |
Shr two cts vs three cts Net 369000 vs 347000 Revs 21.3 mln vs 14 mln NOTE: Per shr reflects payment of preferred dividends. Reuter | SPARTECH CORP <SPTN> 1ST QTR JAN 31 NET |
Shr profit two cts vs loss 1.05 dlrs Net profit 1666000 vs loss 18306000 Revs 29.1 mln vs 28.3 mln Avg shrs 69.1 mln vs 17.5 mln Year Shr loss 21 cts vs loss 2.72 dlrs Net loss 7571000 vs loss 45517000 Revs 117.4 mln vs 123.3 mln Avg shrs 35.4 mln vs 16.7 mln NOTE: Results include losses of nil vs 473000 dlrs or three ... | ACADEMY INSURANCE GROUP INC <ACIG> 4TH QTR NET |
Qtly div 15 cts vs 15 cts in prior qtr Payable May 11 Record April 10 Reuter | ESSEX CHEMICAL CORP <ESX> REGULAR DIVIDEND |
U.S. EXPORTERS REPORT 350,000 TONNES CORN SOLD TO UNKNOWN DESTINATIONS FOR 1986/87 | |
Calumet Industries Inc said it raised 4.2 mln dlrs from holders exercising company warrants. The program expired February 27. It issued 420000 shares to holders who had exercised options to exchange four warrants and 10 dlrs for each share of common stock. About 87 pct of its warrants were exercised. These proceeds and... | CALUMET <CALI> GETS 4.2 MLN DLRS FROM WARRANTS |
The Financial Times newspaper said it has launched a new international share index which represents more than 70 pct of the worlds total stock market value. The FT-Actuaries World Indices published for the first time today feature a main world share index and indices plotting the movement of share prices in different r... | FINANCIAL TIMES LAUNCHES NEW WORLD SHARE INDEX |
The U.S. Agriculture Department said private U.S. exporters reported sales of 350000 tonnes of corn for delivery to unknown destinations during the 1986/87 marketing season. The marketing year for corn began September 1. This is the second day running that exporters have reported corn sales to unknown destinations. Yes... | USDA REPORTS 350,000 TONNES CORN TO UNKNOWN |
Shr 38 cts vs 47 cts Net 2253664 vs 2806820 Revs 5173318 vs 5873904 NOTE: 1987 qtr includes 126117 dlrs or two cts per share from gains on sale of property vs gain 29812 or less than one cent per share for prior qtr. Reuter | HRE PROPERTIES <HRE> 1ST QTR ENDS JAN 31 NET |
Moodys Investors Service Inc said it upgraded 475 mln dlrs of debt of Continental Airlines Inc a unit of Texas Air Corp. Raised were the units senior secured Denver industrial revenue bonds to B-1 from Ca and subordinated debt to B-3 from C. Moodys said the action recognizes the airlines reorganization under Chapter 11... | MOODY'S UPGRADES TEXAS AIR <TEX> UNIT'S DEBT |
Shr nil vs nil Net loss 77879 vs loss 65501 Revs 3895741 vs 4872163 Nine mths Shr profit nine cts vs profit two cts Net profit 488898 vs profit 118208 Revs 13.0 mln vs 15.8 mln Reuter | JAYARK CORP <JAYA> 3RD QTR ENDS JAN 31 LOSS |
Shr loss three cts vs profit two cts Net loss 54791 vs profit 28866 Sales 1379810 vs 338886 Avg shrs 1602717 vs 1331739 Reuter | <BIO-VASCULAR INC> 1ST QTR JAN 31 LOSS |
Period ended Jan 31 Shr loss 89 cts vs loss 82 cts Net loss 5187000 vs loss 5362000 Revs 128.4 mln vs 50.3 mln Six mths Shr loss 1.27 dlrs vs loss 1.04 dlrs Net loss 7015000 vs loss 6790000 Revs 264.7 mln vs 97.3 mln NOTE: Full name is Great American Management and Investment Inc Reuter | GREAT AMERICAN MANAGEMENT <GAMI> 2ND QTR LOSS |
Newmont Gold Co said it filed a registration statement with the Securities and Exchange Commission for the proposed public offering of five mln shares of common plus an over-allotment option of 500000 shares. Newmont Gold said the newly registered shares would represent about 5.2 pct of the 105 mln shares outstanding a... | NEWMONT GOLD <NGC> FILES FOR PUBLIC OFFERING |
Norstar Bancorp said it reached an agreement in principle to buy United National Bank of Callicoon through a stock exchange valued at 20 mln dlrs. Under terms of the agreement Norstar would buy all 201660 shares of Uniteds common stock at a rate of three Norstar shares for each United share. With year-end assets of 90 ... | NORSTAR <NOR> TO BUY CALLICOON BANK |
<Majestic Contractors Ltd> said it will purchase up to a maximum of 403828 of its common shares on the Toronto Stock Exchange at the market price. Purchases will begin on April 13 1987 and will end when Majestic has bought 403828 common shares or on April 12 1988 whichever comes first. Reuter | MAJESTIC CONTRACTORS TO PURCHASE SHARES |
Oper shr profit one ct vs loss 1.14 dlrs Oper net profit 435000 vs loss 19.9 mln Year Oper shr loss 28 cts vs loss 2.78 dlrs Oper net loss 10 mln vs loss 46.5 mln NOTE: Excludes investment gains of one ct per share vs 12 cts in the quarter and gains 10 cts per share vs 13 cts in the year. Excludes loss from discontinue... | ACADEMY INSURANCE GROUP INC <ACIG> 4TH QTR NET |
The New York stock exchange said its rules for triple expiration Friday permit entering arbitrage-related market-on-close orders in the final 30 minutes of trading providing they are on the other side of imbalances and providing they open positions. The NYSE clarified a statement released yesterday in which it detailed... | NYSE CLARIFIES TRIPLE WITCHING PROCEDURE |
House Budget Committee Chairman William Gray D-Pa said he would propose a freeze on all spending for federal government programs for the fiscal 1988 budget to meet budget deficit targets. An outlay freeze -- with no additional revenues -- produces almost enough savings to reach the 108 billion dlr deficit target. For f... | U.S HOUSE BUDGET CHAIRMAN PROPOSES SPENDING HOLD |
The U.S. Office of Management and Budget does not have a policy position one way or another on whether the Agriculture Departments commodity certificate program should be expanded or contracted an OMB official said. Speaking at the National Grain and Feed Associations annual convention Ron Landis chief of OMBs agricult... | NO POLICY FOR OR AGAINST CERTIFICATES -- OMB |
Qtly div 82 cts vs 82 cts prior Pay April 25 Record April one Reuter | MANUFACTURERS HANOVER CORP <MHC> SETS DIVIDEND |
The European Community may decide to increase the cereals co-responsibility levy and extend its scope to cover cereal substitutes if the Commissions 1987/88 farm price package is opposed by member states Edgar Pye vice-president of the British agricultural merchants association UKASTA said. At the moment the Commission... | UK TRADE WARY OF HIGHER EC GRAIN LEVY |
Qtr ended Jan 31 Shr 10 cts vs three cts Net 194842 vs 54200 Revs 22.2 mln vs 11.2 mln Six mths Shr 50 cts vs 28 cts Net 965924 vs 502008 Revs 43.8 mln vs 21.6 mln Note: Current six mths revs include 16.8 mln dlrs in revs from John F. Beasley Construction Co a wholly owned unit. Reuter | WILLIAMS INDUSTRIES INC <WMSI> 2ND QTR NET |
The Hydraulic Co said its Bridgeport Hydraulic Co subsidiary had its proposal to use land sales proceeds to help fund capital improvements denied by the Connecticut Department of Public Utility Control. Hydraulic said its proposal also called for a distribution of the finaical benefits to its stockholders and customers... | HYDRAULIC CO <THC> UNIT LAND SALE PLAN DENIED |
Mo-Flo Industries Inc said the federal appeals court has affairmed a trial court ruling that Mor-Flo infringed on patents held by <State Industries Inc> for insulating gas water heaters with polyurethane. Mor-Flo said it intends to seek a rehearing of the decision. If the rehearing is denied further proceedings befo... | MOR-FLO <MORF> LOSES INFRINGEMENT APPEAL |
Oper shr loss 26 cts vs profit 22 cts Oper net loss 672879 vs profit 596760 Revs 2188678 vs 2364280 Nine mths Oper shr loss 1.60 dlrs vs profit 92 cts Oper net loss 4278055 vs profit 2472532 Revs 5896322 vs 7497782 Note: Oper net excludes tax gains of 596000 dlrs for year-ago qtr and 2173000 dlrs for year-ago nine mths... | <HANOVER COS INC> 3RD QTR JAN 31 LOSS |
U.S. SELLING 12.8 BILLION DLRS OF 3 AND 6-MO BILLS MARCH 23 TO PAY DOWN 2.875 BILLION DLRS | |
From April through December 1986 the Commodity Credit Corporation (CCC) issued 3.85 billion dlrs worth of generic certificates and about 1.8 billion had not been exchanged by January 1 1987 the U.S. Agriculture Department said. The department said an additional 4.3 billion dlrs in certificates has been authorized for i... | U.S. CERTIFICATES TO PROVIDE WHEAT/CORN SUPPLIES |
First Capital Holdings Corp said it and Robert M. Bass Group formed a joint venture called FCB Partners to acquire and manage real estate investments. The joint venture partners also intend to create new products which will be offered through its Pilgrim Group Inc mutual funds subsidiary First Capital said. Reuter | FIRST CAPITAL <FCH> ENTERS JOINT VENTURE |
SkyWest Airlines Inc said its revenue passenger miles rose to 10.3 mln from 8.5 mln its available seat miles rose to 24.2 mln from 18.9 mln and load factor decreased to 42.6 pct from 44.9 pct. Skywest said Februarys traffic includes two new EMB-120 aircraft manufactured by Embraer Corp of Brazil. For the year to date r... | SKYWEST AIRLINES <SKYW> FEBRUARY TRAFFIC ROSE |
An Inland Revenue ruling accompanying todays U.K. Budget would eliminate a favourable tax treatment on certain foreign loans by British banks and may be a nightmare of practical application banking sources said. This is because banks will only be able to offset the tax credit for foreign withholding tax paid on the int... | FAVOURABLE TAX TREATMENT GONE ON CERTAIN UK LOANS |
The U.S. Treasury said it will sell 12.8 billion dlrs of three and six-month bills at its regular auction next week. The March 23 sale to be evenly divided between the three and six month issues will result in a paydown of 2.875 billion dlrs as maturing bills total 15.68 billion dlrs. The bills will be issued March 26.... | U.S. TO SELL 12.8 BILLION DLRS IN BILLS |
Sen. Pete Domenici a main sponsor of legislation to set an oil import fee said the administrations energy security report was based on flawed economic assumptions. The New Mexico Republican said the report did not take into account the last few weeks drop in domestic oil production in its statement that an oil fee woul... | SENATOR SAYS ENERGY REPORT ASSUMPTIONS FLAWED |
Upcoming changes being considered in the U.S. Agriculture Departments transportation and loan programs were outlined by a USDA official today. Addressing the annual meeting of the National Grain and Feed Association Tom VonGarlem assistant deputy administrator for USDAs state and county operations said the following ch... | FARM PROGRAM CHANGES OUTLINED BY USDA OFFICIAL |
<Davox Corp> said it filed a registration statement with the Securities and Exchange Commission covering a proposed initial offering of 1.6 mln common shares. The company said Kidder Peabody and Co Inc and Hambrecht and Quist Inc will co-manage the underwriters adding they anticipate the initial offering price will ... | DAVOX REGISTERS 1.6 MLN SHARE INITIAL OFFERING |
There will be seven to eight billion dlrs of generic certificates on the market by the end of harvest an Agriculture Department official said. The Commodity Credit Corp will depend heavily on certificates to relieve storage problems this year Ralph Klopfenstein Deputy Administrator for Commodity Operations USDA told pa... | USDA OFFICIAL SEES 7-8 BILLION DLRS CERTIFICATES |
Brazilian Planning Minister Joao Sayad resigns - Globo television reports | |
Seven major U.S. farm groups took the unusual step of releasing a joint statement urging congressional leaders not to tinker with existing farm law. Following meetings with House Agriculture Committee Chairman Kika de la Garza (D-Tex.) and Senate Agriculture Committee Chairman Patrick Leahy (D-Vt.) the groups issued a ... | MAJOR U.S. FARM GROUPS OPPOSE POLICY CHANGES |
The Senate Budget Committee at its first budget drafting meeting of the year discarded President Reagans economic assumptions upon which he claims his budget would show a 108 billion dlr deficit. In its place the committee agreed to accept the non partisan Congressional Budget Office (CBO) economic assumptions in its d... | SENATE BUDGET GROUP SHELVES REAGAN ECONOMIC DATA |
Shr profit six cts vs profit 17 cts Net profit 269000 vs profit 833000 Revs 28.0 mln vs 30.8 mln Nine mths Shr loss 4.16 dlrs vs profit 74 cts Net loss 20.0 mln vs profit 3543000 Revs 93.1 mln vs 117.7 mln Note: Current qtr net includes writedown of 20.4 mln dlrs of net investment in companys oil and gas properties. Ye... | HOWELL CORP <HWL> 4TH QTR LOSS |
Brazil presidential spokesman confirms resignation of Planning Minister | |
Shr one ct vs five cts Net 42469 vs 226791 Sales 7963620 vs 6886414 Nine mths Shr 12 cts vs 22 cts Net 490927 vs 949650 Sales 24.0 mln vs 18.7 mln Reuter | SIGMAFORM CORP <SGMA> 3RD QTR JAN 31 NET |
Shr 14 cts vs 15 cts Net 733000 vs 788000 Revs 31.9 mln vs 28.9 mln Nine Mths Shr 1.08 dlrs vs 1.20 dlrs Net 5560000 vs 6162000 Revs 104.5 mln vs 97.2 mln NOTE: 1987 net includes tax credits of 25000 dlrs in the third quarter and 100000 dlrs in the nine months compared with 370000 dlrs and 910000 dlrs in the 1986 perio... | MARCUS CORP <MRCS> 3RD QTR FEB FIVE NET |
Qtly div class A nine cts vs 7.5 cts prior Qtly div class B nine cts vs 7.5 cts prior Pay April 30 Record March 31 Reuter | FIRSTCORP INC <FCR> RAISES QTLY DIVIDENDS |
Healthvest said it acquired the Eastwood Hospital medical complex in Memphis from Healthcare International Inc for 50 mln dlrs cash. Healthcare International will continue to operate the hospital under a lease agreement the company said. Reuter | HEALTHVEST <HVT> BUYS TENNESSEE MEDICAL COMPLEX |
Ventra Management Inc an over the counter company said it acquired Joint Venture Leasing Inc for 60 mln Venture shares valued at 3.6 mln dlrs. Joint Venture was organized in September 1986 to establish leasing joint ventures with manufacturers and vendors of computer equipment. As a result of the acquisition and Joint ... | VENTRA BUYS JOINT VENTURE LEASING |
<Oxford Financial Inc> said it acquired <Clancy Systems International Inc> for an undisclosed sum. The company said Clancy has developed a fully automated parking citation system currently in use in Oklahoma City the University of California at Sacramento and in a pilot program in San Francisco. Reuter | OXFORD FINANCIAL BUYS CLANCY SYSTEMS |
Shr 1.03 dlrs vs 82 cts Net 1982296 vs 1359273 Revs 2403481 vs 1494304 Investments 22.4 mln vs 11.5 mln NOTE: Shr figures adjusted for 3-for-2 split Feb 23 1987. 1985 results reflect operations for eight months ended Dec 31 1985. Company began operating May 1985. Reuter | REALTY SOUTH INVESTORS INC <RSI> YEAR NET |
Qtly cash distribution 20 cts vs 20 cts prior Pay April eight Record March 27 Reuter | TURNER EQUITY INVESTORS INC <TEQ> PAYOUT |
Harley-Davidson Inc said it is petitioning the International Trade Commission to lift import taxes on Japanese motorcycle manufacturers. Harley-Davidson said it no longer needed tariff relief to compete with the Japanese. It said President Reagan imposed the tariff in April 1983 after Harley-Davidson convinced the admi... | HARLEY-DAVIDSON <HDI> WANTS TARIFFS LIFTED |
W.R. Grace and Co said it completed the sale of its Bermans The Leather Experts retail business to a new company in a management led buyout. Grace received 99.3 mln dlrs cash and will record a pretax gain of about 37 mln dlrs in the first quarter the company said. An additional pretax gain of 19 mln dlrs will be deferr... | GRACE <GRA> COMPLETES RETAIL UNIT SALE |
Period ended Feb 28 Shr 61 cts vs 56 cts Net 2764000 vs 2540000 Sales 60.4 mln vs 55.8 mln Six mths Shr 1.27 dlrs vs 1.15 dlrs Net 5741000 vs 5269000 Sales 122.8 mln vs 109.9 mln NOTE: Per-share data restated for 10 pct stock dividends paid to holders of record Dec 26 1986 and Dec 26 1985 Reuter | WAUSAU PAPER MILLS CO <WSAU> 2ND QTR NET |
The Director-General of the Food and Agricultural Organisation (FAO) Edouard Saouma signed an agreement to aid peru with 160000 dlrs in technical asistance to draw up studies for farm development in the country. Saouma also formally offered the country 200000 dlrs in aid for technicians to draft studies to aid the esti... | FAO DIRECTOR GENERAL SIGNS PERU AID AGREEMENT |
Brazilian Planning Minister Joao Sayad resigned a presidential spokesman said. His resignation was accepted during a meeting with President Jose Sarney this afternoon the spokesman said. No official reasons for the resignation were immediately available but sources close to the government said Sayad had pressed for a t... | BRAZILIAN PLANNING MINISTER RESIGNS |
American Exploration Co said it is offering units in New York Life Oil and Gas Producing Properties Program II. It said the offer consists of 75 mln dlrs of preformation units representing limited partnership interests. The unit which will acquire producing oil and gas properites is being formed by a unit of American E... | AMERICAN EXPLORATION <AXO> OFFERS UNITS |
Taunton Savings Bank said its board declared an initial cash dividend of six cts per share. Taunton which went public last June said the rate was based on 3220000 outstanding shares. It said the dividend was payable April 15 to shareholders of record March 31. The company said it did not know if it would pay regular di... | TAUNTON SAVINGS BANK <TSBK> SETS FIRST DIVIDEND |
Shr loss 14 cts vs loss one ct Net loss 836327 vs loss 34926 Revs 8939390 vs 8136160 Year Shr loss 34 cts vs loss nil Net loss 2008103 vs loss 14078 Revs 30.1 mln vs 28.0 mln Note: Year-ago results restated to reflect acquisition of Spartacus Inc in Febaruary 1986. Reuter | FIBRONICS INTERNATIONAL INC <FBRX> 4TH QTR LOSS |
IBM Corp is being awarded a 120.3 mln dlr Navy contract modification to a previously awarded contract for equipment and work related to the AN/UYS-1 Advanced Signal Processors. Work on the contract which combines purchases for the U.S. Navy and Spain under the Foreign Military Sales program is expected to be completed ... | IBM <IBM> GETS 120.3 MLN DLR NAVY CONTRACT |
Firstcorp Inc said its board has increased the maximum number of Class A shares in its repurchase program to 250000 from 200000 shares. The program was first adopted in June 1986 and provided for a maximum of 100000 shares to be repurchased through June 1987. In June 1986 the company increased the shares to 200000 and ... | FIRSTCORP <FCR> INCREASES REPURCHASE PROGRAM |
California Micro Devices Corp said its common stock is now listed on the expansion of the Nasdaq National Market System. The company said entry into NMS provides shareholders and other investors with last sale information and up-to-the-second volume information through stockbrokers. Reuter | CALIFORNIA MICRO DEVICES <CAMD> TRADES ON NMS |
Texas Air Corps Continental Airlines and Eastern Air Lines said they will combine their frequent flyer programs in late April. Frequent flyer members will begin receiving one monthly statement that reflects combined earnings from both Continental and Eastern the companies said. Continental said reciprocity between the ... | CONTINENTAL, EASTERN <EAL> COMBINE PROGRAMS |
Oper shr 94 cts vs 93 cts Oper net 8889000 vs 8570000 Revs 155.0 mln vs 123.4 mln Avg shrs 9450000 vs 9174000 NOTE: Net excludes discontinued operations a gain of 4679000 dlrs or 50 cts a share vs a loss of 720000 dlrs or seven cts a share. 1986 net includes charge of 865000 dlrs from repeal of investment tax credits C... | TELEPHONE AND DATA SYSTEMS INC <TDS> YEAR NET |
API SAYS DISTILLATE STOCKS OFF 7.35 MLN BBLS, GASOLINE OFF 2.89 MLN, CRUDE OFF 4.39 MLN | |
Shr 31 cts vs 31 cts prior Payable April 24 Record March 31 Reuter | CPC INTERNATIONAL INC <CPC> QTLY DIV |
Kansas Republican Congressman Pat Roberts urged the Reagan administration to offer export enhancement program eep subsidies to the Soviet Union. Speaking at a House foreign agriculture subcommittee Roberts said the U.S. has offered eep to China and Poland and should also include the Soviet Union. Rep. Roberts said ther... | CONGRESSMAN URGES WHEAT EEP TO SOVIET UNION |
Period ends February 28 Shr 89 cts vs 87 cts Net 119.5 mln vs 114.6 mln Revs 872.3 mln vs 917.4 mln Year Shr 2.87 dlrs vs 3.32 dlrs Net 383.4 mln vs 413.6 mln Revs 4.45 billion vs 4.45 billion NOTE: Full name Public Service Enterprise Group Inc. Reuter | PUBLIC SERVICE ENTERPRISE <PEG> TWO MONTHS NET |
Shr profit 49 cts vs loss 41 cts Net profit 543000 vs loss 457000 Revs 10.4 mln vs 14.2 mln Year Shr loss 71 cts vs loss 2.11 dlrs Net loss 781000 vs loss 2325000 Revs 38.9 mln vs 44.9 mln Reuter | DAMON CREATIONS INC <DNI> 4TH QTR JAN THREE NET |
Shr loss 12 cts vs loss 99 cts Net loss 1476000 vs loss 11965000 Sales 83.4 mln vs 110.9 mln Year Shr loss 1.79 dlrs vs loss 1.90 dlrs Net loss 21720000 vs loss 22969000 Sales 259.0 mln vs 317.3 mln Reuter | GATES LEARJET CORP <GLJ> 4TH QTR LOSS |
Standard and Poors Corp said it raised to BBB-plus from BBB Hechinger Cos 86 mln dlrs of convertible subordinated debentures of 2009. S and P cited Hechingers outstanding record of sales and earnings growth as well as what it termed the companys position as one of the best operators in the retail home improvement indus... | HECHINGER <HECHA> CONVERTIBLES UPGRADED BY S/P |
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