text stringlengths 0 9.69k | target stringlengths 0 137 |
|---|---|
M.S. Carriers Inc said it has completed an offering of 550000 common shares including 350000 sold by shareholders for 32.25 dlrs each. Lead underwriters were Alex. Brown and Sons Inc <ABSB> and Morgan Keegan Inc <MOR>. Reuter | M.S. CARRIERS <MSCA> COMPLETES OFFERING |
State-owned Air Canada said it will make a statement at 1100 EST concerning a published report that the airline has agreed to acquire Gelco Corps Canadian unit Gelco Express Ltd an Air Canada spokesman said. The spokesman declined to comment on the Toronto Globe and Mail report when queried. The sale of Gelco Express C... | AIR CANADA TO COMMENT ON GELCO<GEC> UNIT REPORT |
Philip Crosby Associates Inc said it expects its audited results for 1986s fourth quarter to be lower than its previously estimated 10 to 15 cts per share. Philip Crosby Jr executive vice president said normal accounting adjustments as well as a review of the companys international operations due to a previously report... | PHILIP CROSBY <PCRO> SEES LOWER 4TH QTR RESULTS |
Shr profit three cts vs loss 44 cts Net profit 247000 vs loss 2410000 Revs 3845000 vs 3264000 Avg shrs 8743000 vs 5507000 Year Shr profit one ct vs loss 53 cts Net profit 41300 vs loss 2840000 Revs 13.0 vs 9767000 Avg shrs 7497000 vs 5384000 NOTE: 1985 4th qtr and year net includes two mln dlr loss for litigation settl... | GENZYME CORP <GENZ> 4TH QTR NET |
Shr two cts vs six cts Net 43295 vs 147724 Revs 3787507 vs 4000019 Reuter | INFORMATION SOLUTIONS INC <ISOL> 1ST QTR JAN 31 |
Qtrly div five cts vs five cts Pay Apirl 10 Record March 30 Reuter | FAIRCHILD INDUSTRIES <FEN> SETS REGULAR PAYOUT |
Group profit after financial income and expenses 731 mln Crowns vs 651 mln Sales 10.15 billion crowns vs 10.05 billion Profit per share after full taxes - 31.80 crowns vs 30 Crowns Proposed dividend - 11 crowns vs 10 crowns. Reuter | ALFA LAVAL AB <ALFS.ST> 1986 YEAR |
Sheldahl Inc said it signed the previously announced agreements with Sumitomo Bakelite Co Ltd Tokyo Japan providing for a joint participation program for manufacturing flexible circuits and circuitry components. Under terms of the agreement each company granted the other a license to use flexible circuit and related te... | SHELDAHL <SHEL> IN AGREEMENT WITH SUMITOMO |
Qtly div 1-3/4 cts vs 1-3/4 cts prior Pay April 15 Record April One Reuter | SPECTRUM CONTROL INC <SPEC> SETS QUARTERLY |
Eastern Utilities Associates <EAU> said PaineWebber Inc Prudential-Bache Capital Funding and A.G. Edwards and Sons Inc were the successful bidders for one mln of its common shares offered at 36-5/8 dlrs per share. Eastern said it has about 11.7 mln common shares outstanding. As previously reported Eastern said it wi... | BIDDERS BUY SHARES OF EASTERN UTILITIES <EAU> |
The Icelandic government said it will privatise the state-owned bank Utvegsbanki the countrys second largest. Parliament also granted an 800 mln crown cash infusion to ease cash flow problems that arose when the bank lost 600 mln crowns in a shipping firm bankruptcy two years ago. Utvegsbanki director Halldor Gudbjarna... | ICELAND TO PRIVATISE STATE BANK UTVEGSBANKI |
<Candlewood Bank and Trust Co> said it plans an initial public offering of 500000 common shares at an expected price of 10 dlrs each through underwriter Moseley Holdings Corp <MOSE> which has been granted an option to buy up to 75000 more shares to cover overallotments. Candlewood is being formed to serve the are... | CANDLEWOOD BANK PLANS INITIAL OFFERING |
Monetary compensatory amounts (mcas) for cereals will be unchanged for the week starting March 23 European Commission officials said. Cereals mcas are plus 2.4 points for West Germany and the Netherlands minus two points for Denmark minus eight points for France minus nine points for Ireland minus 5.7 points for Italy ... | CEREALS MCAS TO BE UNCHANGED NEXT WEEK |
Qtly div five cts vs five cts prior Pay April 20 Record April 13 Reuter | GENOVESE DRUG STORES INC <SPEC> SETS QUARTERLY |
Silver looks unlikely to break out of gold and platinums shadow in the near future although this year is likely to see demand increasing at a faster rate than supply a study by Credit Suisse said. The study predicted demand rising by 300 tonnes to 13200 tonnes this year against a 50 tonne increase in supply to 14050 to... | STUDY SHOWS ONLY LIMITED OPTIMISM FOR SILVER |
Duff and Phelps said it lowered the ratings on Duquesne Light Company fixed income securities affecting approximately 1.8 billion dlrs in debt. Duquesne first mortgage bonds and debentures were lowered to DP-9 (middle BBB) from DP-8 (high BBB) preferred stock rating to DP-10 (low BBB) from DP-9 and preference stock to ... | DUFF/PHELPS LOWERS DUQUESNE LIGHT <DQU> DEBT |
Pacad Inc said it has entered into a contractual agreement with <Okamoto U.S.A. Inc> to market condoms manufactured by Okamotos parent company Okamoto Riken Gomu Co Ltd of Japan. Pacad president David Tucker said the agreement covered the entire U.S. and Caribbean. With mounting public health concerns we expect our ... | PACAD INC <BAGS> IN PACT WITH OKAMOTO U.S.A. |
Premark International Inc said it is extending to April 17 the offer to buy its common stock from holders of fewer than 100 shares. Owners of record Jan 27 1987 are eligible for the offer which enables shareholders to sell their holdings to Premark without paying brokerage fees or commission. The offer is being made on... | PREMARK <PMI> EXTENDS BUY-BACK DEADLINE |
First Bancorp said it filed with the Securities and Exchange Commission its public offering of 400000 shares of common stock to be underwitten by Interstate Securities Corp. First Bancorp said the registration statement also covers 60000 additional shares that Interstate Securities has the right to acquire in order to ... | FIRST BANCORP FILES REGISTRATION WITH SEC |
Shr loss six cts vs profit three cts Net loss 368188 vs profit 149334 Revs 39i3523 vs 4129240 Reuter | ANIMED INC <VETS> 1ST QTR JAN 31 LOSS |
ANIMED Inc said it expects to return to profitability during the current year. Today it reported a loss for the first quarter ended in January of 368188 dlrs compared with a 149334 dlr profit a year before. Reuter | ANIMED <VETS> EXPECTS TO TURN PROFITABLE |
Shr loss 14 cts vs loss 31 cts Net loss 144522 vs loss 334890 Revs 10019828 vs 9021835 Year Shr loss 16 cts vs profit 10 cts Net loss 170177 vs profit 105090 Revs 36.8 mln vs 36.1 mln Avg shrs 1068850 vs 1074624 NOTE: 1985 period ended December 28 1985 earnings include loss in each period from discontinued operations o... | CROWN AUTO INC <CRNI> 4TH QTR DEC 27 LOSS |
Shr 20 cts vs 34 cts Net 797000 vs 1137000 Rev 22.2 mln vs 18.2 mln Avg shares 3966667 vs 3366667 Year Shr 73 cts vs one dlr Net 2625000 vs 3371000 Rev 69.6 mln vs 62.9 mln Avg shares 3583653 vs 3366667 NOTE: 1986 includes extraordinary gain of 281000 dlrs or eight cts a share. Reuter | UNION VALLEY CORP <UVC> 4TH QTR NET |
Shr profit 48 cts vs loss 21 cts Net profit 1308503 vs loss 561384 Revs 56.0 mln vs 66.1 mln NOTE: 1986 net includes pretax gain 2429563 dlrs from sale of Worldwide Computer Services Inc subsidiary and 352000 dlr tax credit. Reuter | GENERAL DEVICES INC <GDIC> YEAR NET |
Deutsche Babcock AG <DBCG.F> will increase its dividend on results in the year ending September 30 1987 chief executive Helmut Wiehn said. Wiehn told a news conference Deutsche Babcock would double the absolute amount it distributes to shareholders. This overall increase would also be due partly to an increase of no... | DEUTSCHE BABCOCK TO INCREASE DIVIDEND IN 1986/87 |
Finance for Danish Industry is issuing a 300 mln Danish crown eurobond due April 23 1992 paying 11-3/8 pct and priced at 100-1/4 pct lead manager Privatbanken Ltd said. The bond will be listed in Luxembourg. Pay date is April 24. Fees comprise 1-1/4 pct selling concession and 5/8 pct management and underwriting combine... | FINANCE FOR DANISH INDUSTRY HAS DANISH CROWN BOND |
Exovir Inc said it sold to an investor group led by Mark Hammer 200000 shares of company common stock and warrants to purchase an additional 200000 shares. Exovir said the transaction increases the groups stake from 12.9 pct to 18.5 pct. The net proceeds to the company total 2.8 mln dlrs the company said. The warrants ... | EXOVIR <XOVR> SELLS STOCK FOR 2.8 MLN DLRS |
Qtly div three cts vs three cts prior Pay May 4 Record April 3 Reuter | BRAD RAGAN INC <BRD> SETS QUARTERLY |
Net loss 1321000 vs loss 1397000 Sales 31.1 mln vs 29.2 mln 1st half Net loss 94000 vs loss 1745000 Sales 63.0 mln vs 61.9 mln NOTE: Company recently went private. Latest quarter net includes 24000 dlr tax credit. Current half net includes gain 2041000 dlrs pretax from termination of pension plan. Reuter | <BASTIAN INDUSTRIES INC> 2ND QTR JAN 31 LOSS |
International Business Machines Corp has released software programing standards that will eventually make it possible to link the companys computers of all sizes a spokeswoman said. She said standards were contained in a programing announcement IBM sent to its sales representatives and some customers. The new standards... | IBM <IBM> DETAILS STANDARDS ON LINKING PRODUCTS |
Todays modest half-point cut in U.K. Bank base lending rates to 10 pct signals the Bank of Englands determination to maintain a cautious monetary stance but financial markets appear set to force its hand analysts said. They said a further half-point cut in base rates to 9-1/2 pct was bound to occur within the next week... | U.K. BASE RATES WILL FALL AGAIN SOON, SAY ANALYSTS |
Commercial National Corp said it cut its quarterly dividend to 15 cts per share from 25 cts due to current expectations for 1987 earnings. The company said the dividend is payable April 10 to holders of record March 31. Reuter | COMMERCIAL NATIONAL CORP <CNCL> CUTS QUARTERLY |
Shr 14 cts vs 22 cts Net 188000 vs 307000 Sales 14.6 mln vs 12.1 mln Year Shr 44 cts vs 63 cts Net 600000 vs 852000 Sales 51.0 mln vs 45.7 mln Reuter | TIMBERLAND INDUSTRIES INC <TIMB> 4TH QTR NET |
Shr 34 cts vs 22 cts Net 1280185 vs 875692 Revs 19.0 mln vs 15.8 mln Assets 585.6 mln vs 469.1 mln Reuter | <MUNICIPAL FINANCIAL CORP> 1ST QTR JAN 31 NET |
Pakistan and Sweden have signed a commodity exchange agreement for 88 mln dlrs each way the Pakistan government announced. Pakistans exports under the agreement will include raw cotton cotton products cotton textiles steel products molasses naphtha and fresh and dried fruits. Swedish exports to Pakistan will include me... | PAKISTAN-SWEDISH GOODS EXCHANGE AGREED |
BRISTOL-MYERS TO SEEK FDA MARKETING APPROVAL FOR AIDS VIRUS BY END OF MONTH | |
<Peat Marwick> an accounting and management consulting firm and <Nolan Norton and Co> an information and technology planning concern said they have merged. The companies said with the merger Nolan now will be known as Nolan Norton and Co-partners the information technology arm of Peat Marwick. Also as part of the... | PEAT MARWICK AND NOLAN NORTON TO MERGE |
Trus Joist Corp said it agreed to purchase Dashwood Industries Ltd a Canadian wood window and patio door manufacturer for an undisclosed amount of cash. Trus Joist said it expects to close the transaction before June 30. Reuter | TRUS JOIST <TJCO> TO ACQUIRE CANADIAN FIRM |
Kinder-Care Inc projected its 1987 earnings to be 44 mln dlrs. Richard Grassgreen president of the company said earnings per share are expected to be between 97 cts and one dlr in comparison to 75 cts earnings per share for the fiscal year ended August 29 1986 and 80 cts for the trailing 12 months ended November 1986. ... | KINDER-CARE <KNDR> SEES HIGHER EARNINGS IN 1987 |
Shr profit 11 cts vs loss 1.45 dlrs Net profit 267000 vs loss 3458000 Sales 23.6 mln vs 23.0 mln First half Shr loss 27 cts vs loss 1.91 dlrs Net loss 633000 vs loss 4548000 Sales 46.2 mln vs 49.7 mln Avg shrs 2382000 vs 2381000 Backlog 26.1 mln vs 36.0 mln Reuter | ROBBINS AND MYERS INC <ROBN> 2ND QTR FEB 28 NET |
Japans ailing shipbuilding industry plans to refloat itself in a few years from the twin rocks of recession and a strong yen through capacity and workforce cuts and greater use of computers industry sources told Reuters. The salvage measures which include a government-sponsored rationalisation program are aimed at claw... | ECONOMIC SPOTLIGHT - JAPAN SHIPBUILDERS RECOVERY |
CONT'L ILLINOIS SAYS BRAZIL MORATORIUM COULD CUT 1ST QTR NET BY 10 MLN DLRS | |
The Federal Reserve is expected to enter the U.S. Government securities market to add temporary reserves indirectly via 1.5 billion dlrs or more of customer repurchase agreements economists said. They said the below-six pct Federal funds rate suggests the Fed does not have a large reserve adding need. However some deal... | FED EXPECTED TO ADD RESERVES IN MONEY MARKET |
Bristol-Myers Co <BMY> said it would seek Food and Drug Administration permission to test its AIDS vaccine in humans by the end of March. A company spokesman said the company will file an investigational new drug application by the end of the month requesting the FDA to allow testing of the vaccine in humans. Scient... | BRISTOL-MYERS <BMY> SEEKS AIDS VACCINE TESTING |
The Municipality of Metropolitan Toronto is issuing a 75 mln Canadian dlr eurobond due May 7 1997 paying 8-3/4 pct and priced at 101-1/8 pct lead manager Wood Gundy Inc said. The bond will be listed in Luxembourg and is available in denominations of 1000 dlrs. Fees comprise 1-1/4 pct selling concession and 3/8 pct each... | MUNICIPALITY OF TORONTO ISSUES CANADIAN DLR BOND |
The 1.4 mln tonnes capacity bauxite refinery at Paranam in Surinam which closed at the end of January after being sabotaged by anti-government rebels has now reopened a spokesman for Dutch metals company Billiton said. The refinery is run by Suralco jointly owned by the U.S. Company Alcoa and the Dutch company Billiton... | SURALCO BAUXITE REFINERY REOPENED |
Continental Illinois Corp said if the Brazilian debt moratorium remains in effect it may place its medium and long term loans to Brazil on a cash basis. This would increase non-performing loans by about 380 mln dlrs and reduce income before taxes and net income by about 10 mln dlrs in the 1987 first quarter and 35 mln ... | CONT'L ILLINOIS<CIL> SAYS MORATORIUM MAY CUT NET |
The Queensland Government Development Authority is launching a 300 mln U.S. Dlr euro-commercial paper program Morgan Guaranty Ltd said as one of the dealers. The other dealer is Swiss Bank Corp International Ltd and issuing and paying agent is Morgan Guaranty Trust Co of New Yorks London office. The program is guarante... | QUEENSLAND GOVERNMENT DEVELOPMENT HAS CP PROGRAM |
Shr loss 3.26 dlrs vs loss 2.75 dlrs Net loss 3479744 vs 2939619 Year Shr loss 5.58 dlrs vs loss 2.20 dlrs Net loss 5964454 vs loss 2341818 NOTE: Net includes tax credits of 108798 dlrs vs 1445275 dlrs in quarter and 838690 dlrs vs 1124805 dlrs in year. Reuter | CYPRESS SAVINGS ASSOCIATION <CYPSA> 4TH QTR LOSS |
The following proposed securities offerings were filed recently with the Securities and Exchange Commission: Norwest Corp - Shelf offering of up to 100 mln dlrs of debt securities supplementing another 275 mln dlrs of debt securities which remain unsold from a previous shelf registration. First Bancorp Troy N.C. - Init... | PROPOSED OFFERINGS RECENTLY FILED WITH THE SEC |
Shr loss 24 cts vs profit 23 cts Net loss 5106000 vs profit 5120000 Sales 11.4 mln vs 20.4 mln Year Shr loss 19 cts vs profit 73 cts Net loss 4062000 vs profit 15.7 mln Sales 50.4 mln vs 80.5 mln Avg shrs 21.7 mln vs 21.6 mln NOTE: 1986 net includes tax credits of 2742000 dlrs in quarter and 5903000 dlrs in year. Reute... | ZENITH LABORATORIES INC <ZEN> 4TH QTR LOSS |
Shr loss 22 cts vs profit 10 cts Net loss 1056000 vs profit 427000 Sales 5440000 vs 4982000 Avg shrs 5229542 vs 4435691 Year Shr profit one ct vs profit 26 cts Net profit 29000 vs profit 993000 Sales 19.1 mln vs 16.8 mln Avg shrs 4947632 vs 3780543 Reuter | CERADYNE INC <CRDN> 4TH QTR LOSS |
LyphoMed Inc said the Food and Drug Administration gave it approval to market Vancomycin HCL an antibiotic used in hospitals to treat life-threatening infections. It said the product is currently marketed by Eli Lilly and Co <LLY> under the trade name Vancocin. Sales in 1986 were 110 mln dlrs. LyphoMed said its obje... | LYPHOMED <LMED> TO MARKET ANTIBIOTIC |
Frances <Regie Nationale des Usines Renault> agreed to forgive 150 mln to 200 mln dlrs of American Motors Corp debt as part of Chrysler Corps <C> 1.5 billion dlr acquisition of American Motors a Chrysler official said. Chrysler investor relations director Everett Scranton said through a spokesman that the French ... | RENAULT TO FORGIVE AMERICAN MOTORS <AMO> DEBT |
UIniversal Medical Buildings LP said its partnership units were admitted for trading on the NASDAQ National Market System. Reuter | UNIVERSAL MEDICAL <UMBIZ> JOINS NASDAQ SYSTEM |
ChemClear Inc said it terminated merger talks with Environmental Systems Co <ESC>. ChemClear said it was unable to reach agreement with Environmental which was considering buying ChemClear. ChemClear said it is considering other options including other business combinations and financing through commercial lending a... | CHEMCLEAR INC <CMCL> TERMINATES MERGER TALKS |
World stocks of silver are large enough to accommodate any changes in the supply-demand equation this year with industrial consumption expected to again exceed mine production the dealer house Handy and Harman said in its annual review of the silver market. The house estimated that the industry last year withdrew 20000... | HANDY AND HARMAN SEES SUFFICIENT SILVER SUPPLIES |
Spains financially troubled power company <Fuerzas Electricas de Cataluna S.A.> (FECSA) may suspend payments if it fails to reach agreement with creditors on renegotiating its 594 billion peseta debt a company official said. We would only take this step in the event of a lack of co-operation on the part of our credi... | SPANISH POWER COMPANY FECSA MAY SUSPEND PAYMENTS |
Vista Chemical co said it expects earnings for the year ending September 30 to be up substantially but extensive planned downtime at two of its plants is expected to affect third quarter results. It said it is looking at a number of financial options for increasing shareholder value but did not elaborate. The company e... | VISTA CHEMICAL <VC> SEES YEAR NET HIGHER |
Consolidated Natural Gas Co said it has received Securities and Exchange Commission approval to establish a wholly-owned gas marketing subsidiary. The company said the unit - to be known as CNG Trading Co - will do business in six states: New York Pennsylvania Ohio West Virgina Louisiana and Texas. The company said the... | CONSOLIDATED NATURAL GAS <CNG> CREATES UNIT |
Aristech Chemical Corp said it plans to increase production capacity for three of its key product lines: polypropylene bisphenol-A and phenol. Aristech said the polypropylene expansion involves a major modernization of its Neal W. Va. polypropylene plant. When completed Aristech said the project would increase the plan... | ARISTECH <ARS> TO INCREASE PRODUCTION CAPACITY |
Pearson Plc <PSON.L> said <Camco Inc> its 65.4 pct owned U.S. Oil and oil services subsidiary signed a letter of intent covering Camcos purchase from Baker International Corp <BKO.N> of substantially all the business of <Reed Tool Co>. Reed a leading manufacturer of drilling bits had sales for 1986 of aroun... | CAMCO SIGNS LETTER OF INTENT FOR REED TOOL |
Pentair Inc is offering two mln shares of 1.50 dlrs cumulative convertible preferred stock for 25 dlrs a share said underwriters Kidder Peabody and Co Inc and Piper Jaffray and Hopwood Inc. The underwriters said the shares are convertible at any time into Pentair common stock at 38.875 dlrs a share subject to adjustmen... | PENTAIR <PNTA> OFFERS TWO MLN PREFERRED SHARES |
National Savings Bank of Albany said Thomas P. Bilbao will join the company as President and Chief Executive officer next month. He was fomerly a Senior Vice President for <Goldome FSB>. National Savings said Bilbao succeeds George O. Pfaff who was elected chairman of the board and continues as chief executive offic... | NAT'L SAVINGS BANK <NSBA> HIRES NEW PRESIDENT |
Policy Management Systems Corp said it has begun development of a new generation of systems that will be introduced in early 1988. The provider of software to the insurance industry said the Series III systems will offer artificial intelligence and expert systems technology intelligent workstations image processing and... | POLICY MANAGEMENT <PMSC> TO DEVELOP NEW SYSTEMS |
On-Line Software International Inc said a Canadian venture equally owned with Nexa Corp On-Line Software Canada Inc began operating. On-Line Software Canada will offer software products acquired from Martin Marietta Corp <ML> last October and other On-Line products. Nexa is a Canadian investment firm specializing in... | ON-LINE SOFTWARE <OSII> SETS CANADIAN VENTURE |
Irving Bank Corp said a new subsidiary called Irving Trust Co California will begin operations tomorrow. The unit which will be headquartered here and have a branch in Los Angeles will provide a full range of institutional and personal asset management services to companies institutions and individuals throughout the s... | IRVING BANK <V> UNIT TO OPEN IN CALIFORNIA |
Qtly div 25 cts vs 25 cts prior Pay April 24 Record April Three NOTE: First Connecticut Small Business Investment Co. Reuter | FIRST CONNECTICUT <FCO> SETS QUARTERLY PAYOUT |
DOW JONES INDUSTRIALS SURPASSES 2300 LEVEL FOR FIRST TIME end of body | |
Teikoku Kako Co Ltd is launching 40 mln Swiss francs of five-year notes with warrants with a 1-1/2 pct indicated coupon lead manager Credit Suisse said. Terms will be set on March 24 with payment due April 23. The notes are guaranteed by Dai-Ichi Kangyo Bank Ltd. REUTER | TEIKOKU LAUNCHES 40 MLN SWISS FRANC NOTES |
Chase Manhattan Corp said it introduced the Market Index Investment a new deposit account that allows investors to take advantage of stock market gains without risk of principal loss. Chase said the account offers the option of guaranteed interest rate carries no commissions or fees and is fully insured to 100000 dlrs ... | CHASE MANHATTAN <CMB> OFFERS NEW MARKET ACCOUNT |
Qtly div 40 cts vs 40 cts prior Pay May 15 Record April One Reuter | STONE AND WEBSTER INC <SW> SETS QUARTERLY |
Shr profit one ct vs loss 27 cts Net profit 22000 vs loss 763000 Revs 161000 vs 316000 NOTE: Prior year net includes 1209000 dlr writedown of oil properites and 314000 dlr tax credit. Reuter | CREDO PETROLEUM CORP <CRED> 1ST QTR JAN 31 NET |
<Metromedia Cos> Metromedia Long Distance unit said it lowered interstate long distance rates for business customers by an average of 10 pct. The cuts were effective March one. Reuter | METROMEDIA CUTS SOME LONG DISTANCE PHONE RATES |
Qtrly div 30 cts vs 30 cts prior Pay May One Record March 31 Reuter | ATT <T> SETS PAYOUT FOR REGULAR DIVIDEND |
Finance and economy ministers of the six-nation Gulf Cooperation Council (GCC) have ended talks after adopting resolutions and recommendations aimed at boosting economic integration. But the ministers from Bahrain Kuwait Oman Qatar Saudi Arabia and the United Arab Emirates (UAE) did not endorse a resolution on a common... | GULF ARAB STATES MOVE TOWARDS ECONOMIC INTEGRATION |
Hartford Steam Boiler Inspection and Insurance Co said its board declared a two-for-one stock split and raised the quarterly dividend to 25 cts postsplit from 20 cts both payable April 30 to holders of record April 10. Reuter | HARTFORD STEAM <HBOL> SETS SPLIT, DIVIDEND HIKE |
Energy Secretary John Herrington said he believes the Reagan Administration will review its decision to cut the fill rate of the Strategic Petroleum Reserve because of a department report issued yesterday warning of growing U.S. dependence on oil imports. As part of this study I think the Administration will take the f... | DOE SECRETARY FAVORS HIGHER SPR FILL RATE |
AMERICAN EXPRESS TO CONVERT 100 MLN DLR MEXICO DEBT TO EQUITY INVESTMENT | |
Rhode Island Democratic Sen. Claiborne Pell introduced legislation to permit eight states along the northeast corridor to sell tax-exempt transportation bonds to improve high speed rail service. His legislation which also rejects President Reagans call to sell the Amtrak rail line would affect the states of Massachuset... | PELL CALLS FOR TRANSPORTATION BONDS |
The Tax Reform Act of 1986 will have a substantial impact on Continental Illinois Corp the companys annual report says. One provision repeals the reserve method of providing for bad debts for banks with over 500 mln dlrs in assets and requires that tax loan loss reserves taken in the past be restored to current earning... | CONT'L ILLINOIS <CIL> SEES IMPACT FROM TAX REFORM |
AMERICAN TELEPHONE AND TELEGRAPH TO REDEEM 15.5 MLN PFD SHARES FOR 775 MLN DLRS | |
Parent bank net profit 181.5 mln schillings vs 135.1 mln Parent bank balance sheet total 197.7 billion vs 182.2 billion Parent bank cash flow 877.4 mln vs 715.5 mln Dividend 12 pct vs 10 pct on nominal share capital of 1.5 billion vs 1.35 billion. Cons banking gp balance sheet total 239.7 billion vs 227.3 billion. REUT... | OESTERREICHISCHE LAENDERBANK AG [OLBV.VI] 1986 |
NL INDUSTRIES INC 4TH QTR SHR LOSS 28 CTS VS PROFIT SEVEN CTS | |
The U.S. Senate Finance Committee approved nonbinding resolutions urging the Reagan administration oppose Canadas ruling on U.S corn imports and a proposed new European Community tax on vegetable oils. The resolutions approved by voice vote now will be sent to the Senate floor were they are expected to be approved. The... | EC OILS TAX, CANADA CORN RULING OPPOSED BY PANEL |
net 65 mln vs 57 mln year shr preferred 14.87 dlrs vs 12.51 dlrs shr common 236.77 dlrs vs 197.40 dlrs net 247 mln vs 208 mln NOTE: Federal Home Loan Mortgage Corp. FHLMC had 14998210 preferred shares outstanding in 1986 vs 14998379 in 1985 owned by about 3000 member institutions of the 12 Federal Home Loan Banks. FHLM... | FHLMC <FREPR> 4TH QTR NET |
Federal Aviation Administration chief Donald Engen said he plans to leave the government in July. Engen 62 has been FAA administrator for the past three years. Before that he was a member of the National Transportation Safety Board. Prior to his service there he had been in the U.S. Navy 36 years reaching the rank of a... | FAA ADMINISTRATOR ENGEN TO RESIGN IN JULY |
Recent purchases of U.S. corn by the Soviet Union have skewed the domestic cash market by increasing the price difference between the premium price paid at the Gulf export point and interior levels cash grain dealers said. Many dealers expect the USDA will act soon to reduce the cash price premium at the Gulf versus th... | U.S. CORN MARKET SKEWED BY SOVIET BUYING |
Senate and House investigators into the Iran arms scandal agreed to grant limited immunity to obtain the testimony of key witnesses and to combine their planned hearings. Chairmen of the separate Senate and House select Iran committees told a news conference they would accede to a request from special prosecutor Lawren... | U.S. PANELS AGREE ON IMMUNITY IN IRAN AFFAIR |
HRE Properties said its board cut the quarterly dividend to 45 cts per share from 57 cts payable April 20 to holders of record March 31. HRE said the board reduced the dividend due to the continuing impact of overbuilding in its office building markets and its inability to replace the income from high yielding investme... | HRE PROPERTIES <HRE> CUTS QUARTERLY |
Shr 1.27 dlrs vs two cts Net 18.8 mln vs 357000 Revs 126.0 mln vs 98.5 mln Avg shrs 14.7 mln vs 12.0 mln Year Shr loss 2.17 dlrs vs loss 65 cts Net loss 28.4 mln vs loss 7225000 Revs 405.0 mln vs 356.2 mln Avg shrs 13.1 mln vs 12.2 mln NOTE: 1986 net both periods includes 15.0 mln dlr gain from sale of real estate. 198... | HORN AND HARDART CO <HOR> 4TH QTR NET |
Shr loss 28 cts vs profit seven cts Net loss 10.7 mln vs profit 5188000 Sales 119.3 mln vs 216.1 mln Year Shr loss 5.80 dlrs vs profit 30 cts Net loss 324.2 mln vs profit 21.5 mln Sales 549.3 mln vs 859.1 mln NOTE: Share after preferred dividends. NOTE: In July 1986 company set a dividend on Series C preferred effectin... | NL INDUSTRIES INC <NL> 4TH QTR DEC 31 LOSS |
The DIW economic research institute said West German economic growth in 1987 is unlikely to reach the 1.5 pct rate it had forecast earlier this year. The institute whose forecasts are more pessimistic than those of the other four leading German institutes said the economy had passed its peak in the summer of 1986 and i... | GERMAN RESEARCH INSTITUTE LOWERS GROWTH FORECAST |
Qtr ends Jan 31 Oper shr loss 24 cts vs loss 19 cts Oper loss 1096332 vs loss 794711 Revs 803085 vs 442420 Six mths Oper shr loss 53 cts vs loss 43 cts Oper loss 2375844 vs loss 1741437 Revs 1471257 vs 768683 NOTE: Prior year excludes losses from discontinued operations of 13 cts per share in the quarter and 17 cts per... | (CORRECTED) - UNIVERSITY PATENTS INC<UPT> 2ND QTR |
Several traders and analysts here told Reuters Latin American coffee producers will meet this weekend in Managua Nicaragua. The purpose they said is to review the breakdown of International Coffee Organization quota talks last month and try to formulate a unified position ahead of possible future negotiations. Two trad... | N.Y. TRADERS SAY LATIN COFFEE PRODUCERS TO MEET |
Peru registered a 16 mln dlr trade deficit in 1986 its first trade shortfall in four years a central bank statement said. The figure compared with a surpluses of 1.17 billion dlrs in 1985 1.01 billion in 1984 and 293 mln in 1983. The last trade deficit was a 428 mln shortfall in 1982. Perus exports fell to 2.51 billion... | PERU HAS FIRST TRADE DEFICIT IN FOUR YEARS |
Craftmatic/Contour Industries Inc said it would report substantial profits for the first quarter of fiscal 1987 ending March 31. The company recorded net income of 732000 dlrs or 22 cts per share on revenues of 10.2 mln dlrs. Reuter | CRAFTMATIC/CONTOUR <CRCC> SEES HIGHER PROFITS |
The White House said a proposal for a tax break for the oil industry would undergo review. Spokesman Marlin Fitzwater said President Reagan had no position on recommendations submitted by Energy Secretary John Herrington to encourage investment in the hard hit domestic oil industry. But Fitzwater noted that Reagan did ... | U.S. OIL TAX BREAK PROPOSAL TO BE EXAMINED |
General Motors Corps Pontiac said it expanded its current Option Bonus program adding a 1200 dlr rebate on all new and unused 1986 Fiero models an increased savings of 700 dlrs added to the existing 1986 Fiero rebate of 500 dlrs. Under the Option Bonus program which is in effect through April 30 customers can receive t... | GM'S <GM> PONTIAC EXPANDS OPTION BONUS PROGRAM |
U.K. Agriculture Minister Michael Jopling said an OECD study which calculates the level of domestic farm subsidies in industrial countries would be a good basis for global agriculture negotiations now underway. The controversial study which has not yet been released by the Paris-based OECD has calculated a measure of f... | UK MINISTER SAYS FARM TALKS CAN USE OECD STUDY |
Subsets and Splits
No community queries yet
The top public SQL queries from the community will appear here once available.