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The Finance Ministry said it will allow more foreign brokers to participate in government note auctions from April by abolishing a requirement that participants have current accounts with the Bank of Japan. This will allow 18 more Japanese branches of foreign-owned brokerages to bid it said. Currently 22 foreign broker... | JAPAN TO ALLOW MORE FOREIGN BROKERS AT AUCTIONS |
Dixons Group Plc <DXNS.L> said its tender offer for all of the common shares in <Cyclops Corp> of the U.S. Expired at midnight yesterday and that it had accepted approximately 2.3 mln shares in the company at 90.25 dlrs each. This represents just over 54 pct of the outstanding shares on a fully diluted basis. But... | DIXONS HAS 56 PCT OF CYCLOPS CORP |
An on-off parliamentary boycott has forced Japanese Prime Minister Yasuhiro Nakasone to adopt a provisional budget government officials said. Economic analysts saw this as another setback in Nakasones plans to overhaul the Japanese tax system. The parliamentary boycott by opposition parties over Nakasones plans for a f... | BOYCOTT FORCES NAKASONE TO ADOPT STOP-GAP BUDGET |
Iraq said its warplanes hit two ships off the Iranian coast in attacks last night and early today. The planes dealt accurate and effective blows to both maritime targets before they returned safely to base a military spokesman told the Iraqi new agency INA. There was no immediate confirmation of the attacks from Persia... | IRAQ SAYS IT ATTACKS TWO SHIPS IN GULF |
ICCO delegates accept principles of buffer stock compromise as negotiation base | |
New Zealands inflation and interest rates should decline and the balance of payments improve significantly in the fiscal year to the end of March 1988 the Institute of Economic Research (NZIER) said. The independent institute said in its quarterly March issue that it was also revising its fiscal 1987 real gross domesti... | NEW ZEALAND ECONOMY FORECAST TO IMPROVE IN 1987/88 |
International Cocoa Organization (ICCO) producers and consumers accepted the principles of a compromise proposal on buffer stock rules as a basis for further negotiation delegates said. The buffer stock working group then asked ICCO Executive Director Kobena Erbynn who wrote up the draft compromise to flesh out details... | ICCO MEMBERS ACCEPT BUFFER STOCK PRINCIPLES |
Land Securities Plc is issuing a 100 mln stg eurobond due April 29 2007 with a 9-1/2 pct coupon and priced at 95-3/4 lead manager J. Henry Schroder Wagg and Co Ltd said. The non-callable bonds will be listed in London and will be issued in denominations of 1000 and 10000 stg. Fees are 1-1/2 pct for selling and one pct ... | LAND SECURITIES ISSUES 100 MLN STG EUROBOND |
The Federal Deposit Insurance Corp. (FDIC) announced the failure of an Oklahoma City bank the 44th U.S. bank failure this year. The FDIC said it had approved the assumption of the United Oklahoma Bank by United Bank of Oklahoma a newly chartered subsidiary of United Bank Shares Inc. of Oklahoma City. It said the failed... | FDIC ANNOUNCES 44TH U.S. BANK FAILURE OF YEAR |
<General Partners> controlled by privately-held Wagner and Brown and by AFG Industries Inc said it has started a tender offer for all common shares of GenCorp Inc and associated defensive preferred share purchase rights for 100 dlrs a share. GenCorp stock closed yesterday in composite tape trading at 90.50 dlrs a sh... | AFG <AFG>, WAGNER/BROWN BID FOR GENCORP <GY> |
France today protested over Canadas decision to declare its ports off limits to French fishing vessels and bar further fishing by France off Newfoundland. A foreign ministry statement described yesterdays decision by Canada as unjustified and contrary to international law and commitments made by Canada and called on Ot... | FRANCE PROTESTS OVER CANADA'S FISHING BAN |
Egypt rejected all offers at a vegetable oil import tender yesterday for unspecified amounts of sunflowerseed oil and/or cottonseed oil traders said. It has asked for a renewal of offers on March 24. Exporters said they were not prepared to offer material on Egypts new landed contract terms which include a clause free ... | EGYPT REJECTS VEG OIL OFFERS, TO RETENDER |
Texaco Refining and Marketing an operating subsidiary of Texaco Inc said it would cease to post crude oil prices for West Texas crudes at the end of this month following a decision to discontinue purchase of crude oil from leases a Texaco spokesman in Houston said. But it will continue to purchase quantities of U.S. an... | TEXACO <TX> TO CEASE POSTING TEXAS OIL PRICE |
Ivorian Agriculture Minister Denis Bra Kanon chairman of the International Cocoa Organization (ICCO) council will not be able to open the council session here tomorrow an Ivorian ICCO delegate told Reuters. He will arrive sometime later during the meetings here the delegate said. The council session will be chaired ins... | IVORY COAST MINISTER DELAYED FOR COCOA TALKS |
Spains second largest union the Workers Commissions CC.OO has voted against a general strike next month to back wage demands and oppose the governments economic policies a CC.OO spokesman said. The proposal for a general strike was narrowly defeated at a meeting yesterday but union leaders voted instead for a national ... | SPANISH UNION VOTES AGAINST APRIL GENERAL STRIKE |
U.S. REAL GNP ROSE REVISED 1.1 PCT IN 4TH QTR INSTEAD OF 1.3 PCT RISE | |
U.S. GNP PRICE DEFLATOR ROSE 0.7 PCT IN 4TH QTR, UNCHANGED | |
U.S. NET CORPORATE PROFITS ROSE 6.1 PCT IN 4TH QTR AFTER 5.5 PCT 3RD QTR RISE | |
Matrix Science Corp said its board declared a two-for-one stock split and a six-cent per share (pre stock split) dividend payable May 7 to stockholders of record April 16. The company said the dividend is in addition to the ten cts per share dividend paid January 2 1987 making the post stock split annual dividend eight... | MATRIX SCIENCE <MTRX> SETS STOCK SPLIT |
Shr loss 69 cts vs loss 1.45 dlrs Net loss 2015000 vs loss 4268000 Revs 16.6 mln vs 16.9 mln Year Shr loss 1.21 dlrs vs loss 59 cts Net loss 3514000 vs loss 1839000 Revs 58.8 mln vs 61.4 mln Reuter | SEA GALLEY STORES INC <SEAG> 4TH QTR DEC 28 LOSS |
Contract terms for trade in coconut oil are to be changed from long tons to tonnes with effect from the Aug/Sep contract onwards Dutch vegetable oil traders said. Operators have already started to take account of the expected change and reported at least one trade in tonnes for Aug/Sept shipment yesterday. The Federati... | COCONUT OIL CONTRACT TO CHANGE - DUTCH TRADERS |
Far West Financial Corp said its Far West Savings and Loan Association unit has reached an agreement in principle to acquire all the outstanding stock of Progressive Savings and Loan Association <PRSL>. Far West said it does not expect the cost of the transaction to exceed 15 mln dlrs. Progressive Savings has ten br... | FAR WEST FINANCIAL <FWFP> TO BUY PROGRESSIVE |
Wheeling-Pittsburgh Steel Corp said George A. Ferris 70 has resigned as vice chairman and chief executive officer. The company also said Lloyd C. Lubensky 64 its largest shareholder has been named chairman. Lubensky is president of Ryder System Incs <RDR> American Jet Industries subsidiary. In early January Allan E.... | WHEELING-PITTSBURGH <QWHX> CHIEF EXECUTIVE QUITS |
American Adventure Inc said its common stock will continue to be quoted on the NASDAQ system due to an exception from capital and surplus requirements which it failed to meet as of January 20. The company said it believes it can meet conditions imposed for the exception but there is no assurance that it will be able to... | AMERICAN ADVENTURE <GOAAQ> HAS NASDAQ EXCEPTION |
Coastal Corp said it belives the two billion dlr suit against it by <TransAmerican Natural Gas Corp> in Texas state court is frivolous and without merit. The company said it intends toi proceed with filing a reorganization plan for TransAmerican with the U.S. Bankruptcy Court in Houston. Yesterday afternoon the bank... | COASTAL <CGP> SAYS TRANSAMERICAN SUIT FRIVOLOUS |
The Bundesbank is likely to steer a steady monetary course over the next few weeks and a change in credit policies is not expected at tomorrows regular central bank council meeting bank economists and dealers said. There is no need for action Hermann Remsperger chief economist of Berliner Handels- and Frankfurter Bank ... | BUNDESBANK SEEN STEERING STEADY MONETARY COURSE |
The U.S. Gross National Product after removing the impact of inflation increased at a revised annual rate of 1.1 pct in the fourth quarter the Commerce Department said. That was down from an earlier preliminary 1.3 pct rise estimated a month ago and down from the 2.1 pct rise in the fourth quarter of 1985. The final fo... | U.S. REAL GNP ROSE 1.1 PCT IN FOURTH QUARTER |
Cable and Wireless PLC <CAWL.L> and the Pacific Telesis group <PAC.N> may take part in a proposed merger of two rival firms seeking to enter Japans international telecommunications market a senior industry official said. Fumio Watanabe head of a telecommunications committee with the Federation of Economic Organis... | JAPAN TELECOM MERGER COULD INVOLVE U.K.,U.S. FIRMS |
The European Community executive Commission today announced plans to open up government contracts to companies throughout the 12-country bloc. Internal Market commissioner Lord Cockfield told a news conference the Commission will shortly make proposals to open up contracts awarded by state-owned utilities such as telec... | EC COMMISSION PLANS TO OPEN UP PUBLIC CONTRACTS |
Italys <Gruppo Ferruzzi> is in the advanced stages of negotiations that could result in an acquisition worth some hundreds of billions of lire in the European agro-industrial sector a company spokesman told Reuters. The spokesman declined to identify the other party or parties involved in talks or whether a complete... | FERRUZZI NEGOTIATING EUROPEAN ACQUISITION |
Profits of U.S. corporations after tax liabilities increased 8.3 billion dlrs or 6.1 pct in the fourth quarter to a seasonally adjusted annual rate of 144.2 billion dlrs the Commerce Department said. The increase was the largest since the third quarter of 1983 when profits rose 11.4 pct and followed a 5.5 pct rise in t... | U.S. CORPORATE PROFITS ROSE 6.1 PCT IN 4TH QTR |
Malaysias state oil company Petronas will cut oil production to 420000 barrels per day (bpd) from May 1 trade sources said. Malaysia cut its 510000 bpd target output by 10 pct last September to support Opec moves to boost prices and the latest cut would reduce output by 17.5 pct from 1986s target level. Petronas said i... | MALAYSIA TO CUT OIL OUTPUT FURTHER, TRADERS SAY |
InterCare Inc said it has agreed to terminate the proposed acquisition of <Universal Care> because <First Jersey Securities> has withdrawn as underwriter for a proposed offering of InterCare securities. The company said the offering was to have raised 7500000 dlrs for working capital through the sale of equity an... | INTERCARE <CARE> SAYS ACQUISITION TERMINATED |
Rank Organisation Plc <RANK.L> said trading in the current year had continued satisfactorily taking into account seasonal fluctuations. Association companies such as <Rank-Xerox Ltd> indicated an improved performance a statement issued at the annual meeting said. It said it planned to spend some 15 mln stg on ref... | RANK ORGANISATION CURRENT TRADING SATISFACTORY |
HARCOURT BRACE SETS MARCH 30 DEADLINE IN HARPER AND ROW BID | |
Some 10 Indian ships have been held up at Calcutta port after four days of industrial action by local seamen a spokesman for the shipowners association INSA said. The dispute has prevented local crewmen signing on and off but has not affected foreign ships with international crews docking at Calcutta which exports tea ... | SHIPS HELD UP AT CALCUTTA |
Shr 3.65 dlrs vs 33 cts Net 82.5 mln vs 7300000 Sales 94.4 mln vs 85.4 mln Avg shrs 22.6 mln vs 21.7 mln NOTE: Current year net includes pretax gain 175.2 mln dlrs on sale of ophthalmic business and loss 17.9 mln dlrs posttax from repurchase of debt. Prior year net includes 120000 dlr loss from discontinued operations.... | COOPERVISION INC <EYE> 1ST QTR JAN 31 NET |
CooperVision Inc said it has delayed its annual meeting to June 22 from May 14 to allow its board to review possible recapitalization options before the meeting. CooperVision today reported first quarter net income of 64.6 mln dlrs after a 175.2 mln dlr pretax gain from the sale of its ophthalmic business to Johnson an... | COOPERVISION <EYE> DELAYS ANNUAL MEETING |
Jefferies and Co Inc said it is making a market in Gencorp at 100 bid and 115 offerred. Reuter | JEFFERIES IS MAKING MARKET IN GENCORP <GY> |
GREAT ATLANTIC AND PACIFIC TEA CO 4TH QTR OPER SHR 55 CTS VS 36 CTS | |
Mobex Corp said 2088461 Grant Industries Inc common shares about 87 pct of the 2.4 mln outstanding have been tendered in response to Mobexs offer. The company said its offer of 7.75 dlrs a share for the stock has been extended to 2000 EST March 23 from 2400 March 17. Reuter | MOBEX SAYS ABOUT 87 PCT OF GRANT <GTX> TENDERED |
Harcourt Brace Jovanovich Inc said it has told Harper and Row Publishers Inc representatives that it intends to withdraw its proposal to acquire Harper and Row for 50 dlrs per share in cash if the parties have not made satisfactory progress in discussions by the close of business on March 30. Harcourt Brace said We do ... | HARCOURT BRACE <HBJ> SETS HARPER <HPR> DEADLINE |
DIXONS GROUP SAID IT ACCEPTS 54 PCT OF CYCLOPS SHARES IN TENDER | |
The United Arab Emirates UAE has banned a Czechoslovakian milk powder because checks showed unacceptable radiation levels government officials said. They said stocks of the powdered milk are being withdrawn from the market following checks on food imported from Europe since last years Chernobyl nuclear accident in the ... | CZECHOSLOVAKIAN MILK POWDER BANNED BY UAE |
Bankers Trust International Ltd said it is issuing 200000 stg call/dlr put currency warrants at an initial offer price of 31.25 dlrs per warrant. The issue is guaranteed by Bankers Trust New York Corp. Each warrant entitles the holder to exchange 500 dlrs for stg at a rate of 1.60 stg/dlr and the minimum number of warr... | BANKERS TRUST ISSUING STG/DLR CURRENCY WARRANTS |
The Bundesbank will not hold a press conference after its regular fortnightly council meeting tomorrow a spokeswoman said in answer to enquiries. Bundesbank President Karl Otto Poehl will chair the meeting. The next meeting is scheduled for April 2. REUTER | BUNDESBANK WILL NOT HOLD PRESS CONFERENCE TOMORROW |
Oper shr 55 cts vs 36 cts Oper net 20.7 mln vs 13.6 mln Sales 2.34 billion vs 1.58 billion Avg shrs 38.1 mln vs 37.7 mln Year Oper shr 1.82 dlrs vs 1.48 dlrs Oper net 69.0 mln vs 56.1 mln Sales 7.83 billion vs 6.62 billion Avg shrs 38.0 mln vs 37.8 mln NOTES: Results for 13 and 53 week periods ended Feb 28 1987 and 12 ... | GREAT ATLANTIC AND PACIFIC TEA CO <GAP> 4TH QTR |
French regional financing group <Societes de Developpement Regional> is issuing a 1.41 billion franc domestic bond Banque Nationale de Paris and <Banque Indosuez> said. The issue will be in three tranches with BNP being the book-keeper for a 770 mln franc 15-year 9.10 pct fixed rate tranche issued at par. Redempt... | FRENCH FINANCE GROUP SDR ISSUES DOMESTIC BOND |
GROUP TENDERING FOR GENCORP SAYS IT HOLDS ABOUT 9.8 PCT OF GENCORP COMMON | |
The city of Rotterdam today signed an agreement in principle to cooperate with the AOMI Cargo Distribution Centre in Tokyo. Acting Mayor Roel den Dunnen said that cooperation between private and public entities in the Tokyo and Rotterdam area and a fruitful exchange of information have a favourable influence on the flo... | ROTTERDAM SIGNS COOPERATION AGREEMENT WITH TOKYO |
Davy McKee Ltd a subsidiary of U.K. Engineering and contruction company Davy Corp Plc has been awarded a contract worth around 15 mln stg for the design of a zinc and lead smelter in India a spokesman for the company said. The contract is being funded by Britains Overseas Development Administration as part of a total g... | DAVY CORP UNIT WINS INDIA SMELTER CONTRACT |
The Bank of England said it had provided the money market with a further 15 mln stg assistance. This brings the Banks total help so far today to 344 mln stg and compares with the estimated shortage of around 1.3 billion stg. The central bank purchased bank bills outright at the lower dealing rates established this morn... | U.K. MONEY MARKET GIVEN 15 MLN STG AFTERNOON HELP |
West German commercial banks are cautiously cutting key savings and lending rates banking sources said. The cuts follow nearly two months after the Bundesbank reduced leading interest rates far longer than the usual interim period. A Deutsche Bank AG <DBKG.F> spokesman said it is cutting leading savings rate for pri... | WEST GERMAN BANKS SLOWLY CUTTING KEY SAVINGS RATES |
Shr 89 cts vs 68 cts Net 116.0 mln vs 88.1 mln Revs 1.17 billion vs 924.0 mln 12 mths Shr 1.17 dlrs vs 93 cts Net 152.2 mln vs 119.8 mln Revs 2.44 billion vs 1.97 billion NOTE: net 1986 were restated to reflect three-for-two stock split on June 27 1986. Reuter | TOYS "R" US INC <TOY> 4TH QTR FEB ONE NET |
Shr 34 cts vs 27 cts Qtrly div six cts vs 4.5 cts prior Net 6448000 vs 4969000 Revs 51.1 mln vs 44.7 mln Avg shrs 19.1 mln vs 18.7 mln NOTE: pay for dividend was March 11 to shareholders of record on Feb 20. Reuter | MEASUREX CORP <MX> 1ST QTR NET |
Qtr ends Jan 31 Shr three cts vs one cent Qtrly div seven cts vs seven cts prior Net 106185 vs 28871 Revs 46.9 mln vs 30.3 mln 12 mths Shr 33 cts vs 23 cts Net 1306595 vs 878484 Revs 187.2 mln vs 140.8 mln NOTE: effective July One 1986 the company acquired the outstanding stock of Western American Forest Product Inc fo... | PALMER LEWIS CO INC <LWIS> 4TH QTR NET |
Qtrly div five cts vs five cts Pay April 20 Record March 30 | CAPITAL CITIES/ABC <CCB> SETS PAYOUT |
Shr loss five cts vs loss 15 cts Net loss 619000 vs loss 1730000 Sales 3138000 vs 5667000 Avg shrs 12.5 mln vs 11.5 mln Year Shr loss four cts vs loss 40 cts Net loss 343000 vs loss 3963000 Sales 13.4 mln vs 35.3 mln Avg shrs 12.5 mln vs 10.3 mln Reuter | PUBLICKER INDUSTRIES INC <PUL> 4TH QTR LOSS |
FEDERAL EXPRESS CORP 3RD QTR OPER SHR 69 CTS VS 83 CTS | |
Qtrly div 96 cts vs 90 cts Pay May One 1987 Record March 31 1987 Reuter | BELL ATLANTIC CORP <BEL> INCREASES PAYOUT |
Rhodes Inc said it now estimates fourth quarter ended February 28 earnings were eight cts a share down from the 25 cts earned in the final quarter of fiscal 1986. The company said the major causes for the reduction were an unfavorable LIFO adjustment and softer than projected sales in the quarter due primarily to unfav... | RHODES <RHDS> SEES SHARPLY LOWER 4TH QTR NET |
Swedens AB Volvo <VOLV.ST> said its subsidiary Volvo Flygmotor had won a contract worth 330 mln crowns over four years from General Electric Co <GE.N> to supply flight engine components. Volvo said it received the order after General Electric had won a contract for 40 CF-80C aircraft engines from American Airline... | VOLVO UNIT RECEIVES GENERAL ELECTRIC ORDER |
(General Partners) a Texas general partnership equally owned by affiliates of Wagner and Brown and AFG Industries Inc <AFG> said it currently holds 2180608 common shares or about 9.8 pct of Gencorp Incs <GY> outstanding common stock. General Partners said it began a 100 dlrs a share cash tender offer for all of G... | GENCORP <GY> GROUP HOLDS 9.8 PCT STAKE |
Thailands trade deficit widened to an estimated 4.7 billion baht in February from 2.1 billion in January and 2.8 billion a year ago the Bank of Thailand said. Exports fell to around 18.9 billion baht from 20.4 billion in January compared with 17.4 billion a year ago the bank said. Imports rose to 23.6 billion baht from... | THAI TRADE DEFICIT WIDENS IN FEBRUARY |
The Great Atlantic and Pacific Tea Co said its three-year 345 mln dlr capital program will be be substantially increased to accommodate growth and expansion plans for Waldbaum Inc and Shopwell Inc over the next two years. A and P said the acquisition of Shopwell in August 1986 and Waldbaum in December helped us achieve... | A AND P <GAP> SETS HIGHER CAPITAL SPENDING |
Oper shr 69 cts vs 83 cts Oper net 35.9 mln vs 42.4 mln Revs 798.9 mln vs 659.2 mln Avg shrs 52.0 mln vs 50.9 mln Nine mths Oper shr 2.38 dlrs vs 2.75 dlrs Oper net 123.3 mln vs 135.6 mln Revs 2.31 billion vs 1.86 billion Avg shrs 51.8 mln vs 49.3 mln NOTE: Net excludes losses from discontinued operations of nil vs 16.... | FEDERAL EXPRESS CORP <FDX> 3RD QTR FEB 28 NET |
Federal Express Corp said February package and document volume was 14.7 mln up 26.0 pct from 11.6 mln a year earlier. The company said year-to-date volume was 128.9 mln up from 100.2 mln a year before. Reuter | FEDERAL EXPRESS <FDX> FEBRUARY VOLUME RISES |
Austria is issuing a 50 mln Australian dlr eurobond due April 22 1992 with a 14-1/4 pct coupon and priced at 101-3/4 pct lead manager Credit Suisse First Boston Ltd said. The non-callable bonds will be listed in Luxembourg and will be issued in denominations of 1000 and 10000 dlrs. Pay date is April 22. Total fees of t... | AUSTRIA ISSUES 50 MLN AUSTRALIAN DLR BOND |
Midland Bank International Financial Services is issuing a 900 mln franc floating rate note due April 15 1997 at par lead manager Societe Generale said. The deal guaranteed by Midland Bank Plc will pay interest based on rates of French 13-week Treasury bills plus 55 basis points in the first five years and plus 65 poin... | MIDLAND BANK UNIT ISSUES 900 MLN FRENCH FRANC FRN |
Senate Democratic leader Robert Byrd said he and other critics of Nicaragua rebel military aid will lose this afternoon an attempt to block 40 mln dlrs in funds to the contras. Were going to lose today the West Virginia Democrat told reporters. The Senate votes at 1600 est/2100 gmt on giving the U.S. backed rebels also... | BYRD SAYS CONTRA AID CRITICS WILL LOSE VOTE |
<Morgan Grenfell Group Plc> said its 1986 pre-tax profits were lower than forecast because of depreciation in the value of its Guinness Plc <GUIN.L> shares and because of securities trading losses in the U.S. Morgan chairman Lord Catto said the losses on the groups seven mln Guinness shares in addition to a 3.5 m... | MORGAN GRENFELL SAYS 1986 PROFITS HIT BY GUINNESS |
The Philippines is poised for several years of stability and economic growth but faces major long-term problems from its rapidly increasing population U.S. Ambassador Stephen Bosworth told Reuters in an interview. Medium-term out to the 1990s I am increasingly optimistic about this country he said. But if you look beyo... | ENVOY SEES BRIGHT ECONOMIC FUTURE FOR PHILIPPINES |
The Securities and Exchange Commission (SEC) staff is seeking authority to take enforcement action against Allegheny International Inc the Pittsburgh-based industrial and consumer products firm said. Allegheny made the disclosure in documents filed with the SEC in connection with its recent agreement to be taken privat... | SEC MOVES TO DISCIPLINE ALLEGHENY INT'L <AG> |
Qtly div four cts vs three cts prior Pay April 15 Record March 31 Reuter | UNITED ASSET MANAGEMENT CORP <UAM> UPS PAYOUT |
Qtr ends dec 31 Shr one cent vs 15 cts Net 466000 vs 6866000 Revs 123.1 mln vs 93.5 mln NOTE: the company changed its fiscal year end from Aug 31 to Dec 31. qtr prior ended Jan 17 1986 and included two more weeks than current qtr. current qtr includes loss 899000 for accounting change. Reuter | KINDER-CARE INC <KNDR> FIRST QTR NET |
Shr 26 cts vs 18 ctsd Net 2102000 vs 1415000 Revs 44.1 mln vs 42.2 mln Year Shr 21 cts vs 91 cts Net 1678000 vs 7105000 Revs 155.1 mln vs 149.2 mln Avg shrs 7960000 vs 7808000 NOTE: Latest year net includes writeoff of investment in Dawn Enterprises ethanol refinery of 79 cts shr. Reuter | ULTRASYSTEMS INC <ULS> 4TH QTR JAN 31 NET |
<Canamax Resources Inc> said it agreed to acquire the 50 pct interest it does not already own in the Krezmar gold property near Wawa Ontario by paying nine mln dlrs to <Algoma Steel Corp Ltd> and granting Algoma a four pct net smelter return royalty which is payable after payback. The propertys drill indicated re... | CANAMAX TO ACQUIRE KREZMAR GOLD PROPERTY STAKE |
NFS Financial Corp said its board declared an initial dividend of five cts per share payable April 21 to holders of record March 31. Reuter | NFS FINANCIAL <NFSF> SETS INITIAL DIVIDEND |
Publicker Industries Inc said its 1986 financial statements will receive an unqualified opinion by the companys auditors Authur Andersen and Co. The company said the qualified opinion on its 1985 financial statements will be changed to an unqualified opinion. The 1985 opinion had been qualified due to the uncertainty o... | PUBLICKER <PUL> AUDITORS' OPINION UNQUALIFIED |
National Australia Bank Ltd is issuing a 40 mln Australian dlr eurobond due April 24 1990 paying 15 pct and priced at 101-3/8 pct lead manager Orion Royal Bank Ltd said. The bond in denominations of 1000 and 10000 dlrs will be listed in London. Paydate is April 24 and fees comprise one pct selling concession and 1/2 pc... | NATIONAL AUSTRALIAN BANK PLANS AUSTRALIAN DLR BOND |
Audi AG <NSUG.F> the 99 pct owned subsidiary of Volkswagen AG <VOWG.F> said profit in 1986 fell by around half compared with 1985 when it achieved a record 221 mln marks net profit a rise of 19.5 pct on the previous year. Managing board chairman Wolfgang Habbel told a news conference he expected both profit and t... | VW'S AUDI SAYS PROFIT FELL AROUND 50 PCT IN 1986 |
LTV CORP GETS 500 MLN DLR CONTRACT FROM BOEING | |
The Bank of England said it had lent one billion stg to the discount market for fourteen days at 10 pct. This brings the Banks total help today to some 1.34 billion stg and satisfies the estimated shortage in the system today which it had earlier estimated at 1.3 billion stg. The Banks announcement this morning that it... | BANK OF ENGLAND LENDS ONE BILLION STG AT 10 PCT |
UK INTERVENTION BD SAYS EC SOLD 60,500 TONNES WHITE SUGAR AT REBATE 44.819 ECUS. | |
Feb 28 end Shr profit 11 cts vs loss 37 cts Net profit 3027000 vs loss 10.4 mln Revs 22.3 mln vs 19.9 mln Avg shrs 28.6 mln vs 29.0 mln Nine mths Shr profit 34 cts vs loss 22 cts Net profit 9560000 vs loss 6072000 Revs 71.9 mln vs 64.7 mln Avg shrs 28.5 mln vs 27.9 mln NOTE: Prior year net both periods after 15.2 mln d... | SENSORMATIC ELECTRONICS CORP <SNSR> 3RD QTR NET |
A total 60500 tonnes of current series white sugar received export rebates of a maximum 44.819 European Currency Units (Ecus) per 100 kilos at todays European Community (EC) tender the U.K. Intervention Board said. Out of this traders in France received 18000 tonnes in Denmark 15000 in West Germany 12250 in the Netherl... | U.K. INTERVENTION BOARD DETAILS EC SUGAR SALES |
AA Gage a manufacturer of rotary indexers and test systems for the aerospace and machine tool industries said it was awarded an initial subcontract of 2.2 mln dlrs by Singer Cos Kearfott Guidance and Navigation Division. It said the subcontract is to produce computerized two-axis test stand systems and other support se... | AA GAGE GETS SINGER <SMF> DIVISION SUBCONTRACT |
Anacomp Inc said it acquired the common stock of DatagraphiX Inc from General Dynamics Corp <GD> for about 128 mln dlrs. It said the purchase will be financed with a combination of a new bank credit agreement and through private placement of senior subordinated notes and convertible preferred stock. DatagraphiX whic... | ANACOMP <AAC> ACQUIRES DATAGRAPHIX |
Christiania Bank og Kreditkasse is issuing a 15 billion yen eurobond due March 31 1992 paying 7-1/2 pct and priced at 101-3/4 pct lead manager Yamaichi International (Europe) Ltd said. The bond is available in denominations of 10 mln yen and will be listed in London. Fees comprise 1-1/4 pct selling concession and 5/8 p... | CHRISTIANIA BANK ISSUES EUROYEN BOND |
LTV Corp said it has received a contract worth more than 500 mln dlrs from Boeing Co to produce major sections for Boeing 767 757 and 747 airliners including the new 747-400. The company said the contract covers continuing production through mid-1990. LTV makes aft body sections and horizontal and vertical stabilizers ... | LTV <QLTV> GETS 500 MLN DLR BOEING <BA> CONTRACT |
Period ended February 28 Shr 25 cts vs 25 cts Net 6292000 vs 6340000 Sales 97.0 mln vs 87.0 mln Six mths Shr 36 cts vs 28 cts Net 9122000 vs 7053000 Sales 193.2 mln vs 168.6 mln NOTE: 1986 period ended March One Reuter | WINNEBAGO INDUSTRIES INC <WGO> 2ND QTR NET |
Most of the cattle now being placed on U.S. feedlots weigh less than normal and likely will remain on feed longer spreading out marketings and supporting cattle prices through the summer because of reduced beef supply. The prospect of so many cattle remaining on feed for a longer time blunted the market impact of the h... | CATTLE BEING PLACED ON FEED LIGHTER THAN NORMAL |
New York cocoa traders reacted with caution to todays developments at the International Cocoa Organization talks in London saying there is still time for negotiations to break down. I would be extremely cautious to go either long or short at this point said Jack Ward president of the cocoa trading firm Barretto Peat. I... | N.Y. COCOA TRADERS STILL CAUTIOUS ON ICCO |
President Reagan said the 1.1 pct U.S. economic growth rate during the final quarter of 1986 wasnt all that bad. The Commerce Department said the rate of growth of the Gross National Product in the October-December period was only slightly less than a preliminary estimate of 1.3 pct made earlier. At the same time it sa... | REAGAN UPBEAT ABOUT LATEST GNP FIGURES |
Shr 85 cts vs 24 cts Net 2381000 vs 754000 Revs 35.3 mln vs 32.6 mln Avg shrs 2777620 vs 3161603 Six mths Shr 1.35 dlrs vs 44 cts Net 3756000 vs 1388000 Revs 65.8 mln vs 64.3 mln Avg shrs 2777620 vs 3161603 Reuter | PENWEST LTD <PENW> 2ND QTR ENDS FEB 28 NET |
Shr loss 10 cts vs profit six cts Net loss 986000 vs profit 576000 Rev 9.6 mln vs 9.1 mln Year Shr loss seven cts vs profit 27 cts Net loss 714000 vs profit 2299000 Rev 42.8 mln vs 34.6 mln Reuter | SIERRA SPRING WATER CO <WTR> 4TH QTR LOSS |
Gelco Corp said it signed a letter of intent to sell its Canadian courier unit Gelco Express Ltd to Air Canada for about 54 mln dlrs (U.S.). It said consummation of the transaction depends on execution of a definitive agreement which is expected in May. As part of its restructuring plan Gelco had announced that it woul... | GELCO <GEL> TO SELL CANADIAN COURIER UNIT |
Synthetech Inc said it discontinued negotiations on acquiring Southwest Photo chem Inc of Pomona Calif. The company cited irreconcilable differences in the financial structure of the deal. It said Southwest Photo proposed a significant change in terms outlined in the letter of intent signed last month. Reuter | SYNTHETECH <NZYM> ENDS SOUTHWEST PHOTO TALKS |
Ranco Inc said shareholders at a special meeting approved a merger into <Siebe PLC> for 40 dlrs per share. Reuter | RANCO <RNI> HOLDERS APPROVE MERGER |
Shr profit five cts vs profit two cts Net profit 268000 vs profit 134000 Revs 6951000 vs 5938000 12 mths Shr profit 14 cts vs loss 11 cts Net profit 801000 vs loss 623000 Revs 24.6 mln vs 24.3 mln NOTE: full name of company is american physicians service group inc. Reuter | AMERICAN PHYSICIANS SERVICE <AMPH> 4TH NET |
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