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Shr loss eight cts vs loss 1.39 dlrs Net loss 94000 vs loss 1569000 Sales 6951000 vs 5518000 Year Shr profit four cts vs loss 2.95 dlrs Net profit 41000 vs loss 3333000 Sales 25.3 mln vs 22.9 mln Reuter | CRAMER INC <CRMR> 4TH QTR LOSS |
American Travellers Corp said it has entered into an agreement to purchase ISL Life Insurance Co of Dallas a corporate shell with active licenses to operate in 12 states for about 400000 dlrs. The company said closing is expected by late spring and will result in American Travellers being licensed in seven new states. ... | AMERICAN TRAVELLERS <ATVC> TO MAKE ACQUISITION |
MGM/UA Communications Co said it has joined Paramount Pictures and MCA Incs <MCA> Universal Studios in their agreement with China Film Corp of Beijing to distribute motion pictures in China. MGM said it is also joining a venture to license two hours a week of primetime television programming to Chinas national telev... | MGM/UA <MGM> JOINS CHINA FILM CORP PACT |
Navistar International Corp said it and Dina Camiones a truck subsidiary of Diesel Nacional a Mexican government company said they signed a technical assistance agreement. It said the agreement provides for Navistar to provide technical knowledge and assistance to Dina Camiones for the production of International S-Ser... | NAVISTAR<NAV>, DINA CAMIONES IN TECHNICAL PACT |
Qtly div six cts vs six cts prior Pay May Eight Record April 10 Reuter | OHIO ART CO <OAR> SETS QUARTERLY |
Thermo Electron Corp said its British subsidiary Peter Brotherhood Ltd received five mln dlrs in order for steam turbine and turbine generator systems during the first quarter of fiscal 1987. It said Peter Brotherhoods current backlog is 20 mln dlrs. Reuter | THERMO ELECTRON <TMO> UNIT GETS TURBINE ORDERS |
American Express Co climbed 2-1/2 to 80-1/8 on rumors the company was about to announce an agreement to sell 10 pct of its Shearson Lehman Brothers unit to Nippon bLife Insurance of Japan traders said. Speculation about an impending deal rumored to be worth 600 mln dlrs also sent shares of other U.S. brokerages up shar... | AMERICAN EXPRESS <AXP> UP ON SHEARSON RUMORS |
Continental Illinois Corps <CIL> Chairman John Swearingen said he sees negotiations to reschedule Brazils debt payments taking at least three to six months. Brazil declared last month a moratorium on payment of interest on its medium- and long-term debts. The moratorium is expected to persist the entire time that de... | CONT'L ILLINOIS SEES MONTHS OF BRAZIL DEBT TALKS |
Qtly div Class A 27.5 cts vs 26.4 cts prior Qtly div Class B 2.5 cts vs 2.4 cts prior Pay June One Record May One Reuter | RELIABLE LIFE INSURANCE CO <RLIFA> UPS DIVIDENDS |
Cross and Trecker Corp said its Warner and Swasey subsidiary will seek to sell its Grinding Division to focus on other areas of its business. The company said the Grinding Division had sales last year of about 18 mln dlrs. It makes grinding machines. Reuter | CROSS AND TRECKER <CTCO> TO SELL UNIT |
Shr loss eight cts vs loss eight cts Net loss 220724 vs loss 210120 Revs 4194466 vs 4224633 Year Shr profit eight cts vs profit four cts Net profit 207514 vs profit 98050 Revs 17.8 mln vs 16.1 mln NOTE: Quarter net includes tax credits of 162600 dlrs vs 236100 dlrs. Reuter | NOVAR ELECTRONICS CORP <NOVR> 4TH QTR JAN THREE |
Consolidated Natural Gas Co said it has received Securities and Exchange Commission approval to establish a wholly-owned natural gas marketing subsidiary called CNG Trading Co. It said the new unit will operate in New York Pennsylvania Ohio West Virginia Louisiana and Texas and compete with other markets for delivery o... | CONSOLIDATED NATURAL <CNG> FORMS TRADING UNIT |
 CORRECTION - FEDERAL PAPER <FBT> RAISES PAYOUT In item appearing March 17 please read headline FEDERAL PAPER BOARD CO <FBT> RAISES PAYOUT. Also please read ... Qtly div 17-1/2 cts vs 17-1/4 cts. Corrects headline and dividend figure to show payout was raised.  | |
Shell Canada Ltd said its Shell Canada Products Ltd unit will sell three tankers effective April one 1987 to <Socanav Inc>. Terms were not disclosed. Shell also said it will contract exclusively from Socanav normal marine distribution requirements for domestic markets with some exceptions for an initial 10-year peri... | SHELL CANADA <SHC> TO SELL TANKERS TO SOCANAV |
CAROLINA POWER AND LIGHT CANCELS COAL-FIRED MAYO TWO POWER UNIT | |
The European Community (EC) has warned the U.S. House of Representatives that tough trade legislation it is considering could prompt retaliation by U.S. trading partners. The warning was sent in a letter from Sir Roy Denman head of the EC delegation in Washington to Dan Rostenkowski chairman of the House Ways and Means... | EC WARNS CONGRESS ON NEW TRADE BILL |
Scott Paper Co said it will spend 70 mln dlrs to upgrade pulping facilities at its paper plant in Westbrook Me. The company said the effort is part of its plan to reduce costs by increasing the integration of its pulping facilities with its papermaking operations. Construction is expected to start in early April with c... | SCOTT PAPER <SPP> TO UPGRADE PULP FACILITIES |
<Pacific Eastern Corp> said it added three trucking operations to its affiliate program totaling about 6.7 mln dlrs in annual revenue. The company said the addition brings to 10 to 12 mln dlrs its annualized revenues and predicts that figure will be more than 25 mln dlrs by the end of the year. Pacific Eastern said ... | PACIFIC EASTERN ADDS THREE TRUCKING OPERATIONS |
Fairchild Semiconductor Corp president Donald Brooks said he intends to take a management buyout proposal to the companys parent at some point in the future and substantial funding is available for such a purchase. Fairchild is owned by Schlumberger Ltd <SLB>. Brooks also told a press conference that if management i... | FAIRCHILD PRESIDENT SEEKING MANAGEMENT BUYOUT |
The 1988 agriculture budget will have to be cut by an additional one to two billion dlrs the chairman of a key house agriculture subcommittee said. Implementation of a 0/92 program a tightening up of the use of commodity certificates and reconstitution of farms are possibilities that will be studied to reduce farm spen... | HOUSE FARM LEADER SEES BILLION DLR BUDGET CUTS |
CPC International Inc said it expects 1987 earnings per share to increase over 1986 levels. We are confident that 1987 will top 1986 in earnings per share and are optimistic about our longer-term future as well the company said in its 1986 annual report. In 1986 CPC earned 219.2 mln dlrs or 2.30 dlrs a share on revenue... | CPC <CPC> SEES 1987 HIGHER EARNINGS PER SHARE |
The U.S. oil and gas industry is in better health than it was a year ago according to testimony given to the Texas Railroad Commission at its annual state of the industry hearing today. The Commission which regulates the states oil and gas industry heard testimony from a number of high-level company executives reflecti... | U.S. ENERGY INDUSTRY SAID IN BETTER HEALTH |
Novar Electronics corp said it expects improved earnings this year due to a rapid expansion of its Logic One computerized buolding management system customer base and expectations of good crime deterrent business. The company today reported earnings for the year ended January Three of 207514 dlrs up from 98050 dlrs a y... | NOVAR ELECTRONICS <NOVR> SEES RESULTS IMPROVING |
<Bralorne Resources Ltd> said it reached agreement in principle with its long term lenders for a debt rescheduling plan. When the agreements are finalized Bralornes debt structure will be modified so that debt servicing requirements match available cash flow for each of the next three years. During that period princ... | BRALORNE RESOURCES IN AGREEMENT WITH LENDERS |
Mitsui and Co Ltd said it has signed a letter of intent with Security Pacific Corp to buy 50 pct of Japan Security Pacific Finance Co Ltd for an undisclosed sum to form a joint venture. Japan Security Pacific has assets of 200 mln dlrs. The joint venture will introduce various financial products to the customer base of... | MITSUI <MITSY>, SECURITY PACIFIC <SPC> SET PACT |
Carolina Power and Light Co said its board has decided to cancel coal-fired Mayo Unit Two the second unit planned for its Mayo Plant in Person County N.C. The company said the 690000 kilowatt unit was only about one pct complete and was scheduled for commercial service in 1992. Carolina Power said the status of the uni... | CAROLINA POWER <CPL> CANCELS GENERATING UNIT |
ICM Property INvestors INc said Crestmont Federal Savings and Loan Association signed a five-year lease on an office building in the Edison Square complex. ICM and Weingarten Group are joint venture partners in the Edison N.Y. complex. Terms of the lease were not immediately available. ICM said it has about 25.1 mln dl... | ICM PROPERTY <ICM> SIGNS LEASE AGREEMENT |
Penguin Group Inc said it told a group of analysts that it has started to book orders for its LEctronique line of costume jewelery and The Simplifier a device which employs artificial intelligence to make computers easy to use. Penguin officials were not available to comment on the potential market of these products. R... | PENGUIN GROUP <PGC> REPORTS ORDERS |
Qtr ends Jan 31 Shr seven cts vs 20 Net 184000 vs 387000 revs 9.1 mln vs 6.7 mln Avg shrs 2804752 vs 1875000 12 mths shr 13 cts vs 33 cts Net 315000 vs 627000 revs 32.4 mln vs 24.6 mln Avg shrs 2475943 vs 1875000 Reuter | ALLISON'S PLACE INC <ALLS> 4TH QTR NET |
Qtly div 69 cts vs 69 cts prior Pay May One Record April 10 Reuter | CAROLINA POWER AND LIGHT CO <CPL> SETS PAYOUT |
Puritan-Bennedtt Corp said it has acquired a majority interest in Medicom Inc which makes a heart monitor for use in diagnosing heart disorders for undisclosed terms. The company said the device will be sold under the name Companion Heart Monitor. Reuter | PURITAN-BENNETT <PBEN> MAKES ACQUISITION |
Murray Ohio Manufacturing Co said it expects first quarter earnings to be higher than the year-ago 4800840 dlrs or 1.25 dlrs per share due to excellent lawn and garden shipments. The company said bicycle sales were soft early in the period but recent orders and shipments have been running well ahead of last year. It sa... | MURRAY OHIO <MUR> SEES HIGHER FIRST QUARTER NET |
Mthly div 14-1/2 cts vs 14-1/2 cts prior Pay July One Record June 17 Reuter | DEL-VAL FINANCIAL CORP <DVL> SETS PAYOUT |
Enron Corp said it will pay accrued second quarter dividends on the three series of preferred stock it will redeem on May 1. The company said it will pay second quarter accrued dividends to the redemption date of 53 cts per share on the 6.40 pct stock 56 cts on 6.84 pct and 70 cts on 8.48 pct. Reuter | ENRON <ENE> TO PAY DIVIDENDS ON PREFERRED |
The Soviet Unions recent corn purchases from the United States could total as much as 3.5 mln tonnes U.S. Agriculture Undersecretary Daniel Amstutz said. We are not sure how much (Soviets have bought) but we think it could be as high as 3.5 mln tonnes Amstutz told a House Agriculture Appropriations Subcommittee. He add... | USSR CORN BUYING MAY BE 3.5 MLN TONNES--AMSTUTZ |
Republic New York Corp said it will redeem on May 1 all 839700 shares of its Series A floating rate cumulative preferred stock at 51.50 dlrs per share plus accrued dividends or a 1.50 dlr premium over stated value. Reuter | REPUBLIC NEW YORK <RNB> CALLS PREFERRED |
Allisons Place Inc president Marvin Schenker said company-owned stores sales for February increased 82 pct over the same period last year. He said comparable store sales in February increased 36 pct. The company which owns and franchises a total of 237 clothing outlets where all articles cost six dlrs will increase tha... | ALLISON'S PLACE <ALLS> SALES INCREASE IN FEBRUARY |
Shr 1.10 dlrs vs 1.33 dlrs Net 3065000 vs 3730000 Sales 273.9 mln vs 241.0 mln Year Shr 3.27 dlrs vs 2.62 dlrs Net 9168000 vs 7338000 Sales 1.07 billion vs 987.2 mln NOTE: Fiscal 1987 net includes tax credits of 10 cts for the fourth quarter and 1.04 dlrs for the year compared with 43 cts and 85 cts in the respective p... | BORMAN'S INC <BRF> 4TH QTR NET |
Qtly div 41-1/2 cts vs 41-1/2 cts prior Pay April 25 Record March 31 NOTE: Full name Bankers Trust New York Corp. (Company corrects pay date April 25 not April 28 in story that ran yesterday. Reuter | (CORRECTED)-BANKERS TRUST NEW YORK <BT> PAYOUT |
New England Electric Systems auditors have again qualified the utilitys annual report because of uncertainty about whether its oil and gas subsidiary can recover its investments. The qualification was noted in the annual report which New England Electric released at a security analysts meeting today. The auditors also ... | NE ELECTRIC <NES> AUDITORS QUALIFY ANNUAL REPORT |
Qtly div 17-1/2 cts vs 17-1/4 cts Pay April 15 Record March 31 NOTE: Full name Federal Paper Board Co. (Corrects headline and dividend figure in item appearing March 17 to show dividend was raised.) Reuter | CORRECTED - FEDERAL PAPER <FBT> RAISES PAYOUT |
New England Electric System <NES> expects its cash construction spending to reach 205 mln dlrs this year up from 188 mln dlrs in 1986 the utility said in material distributed at an analysts meeting. It said spending is expected to advance to 215 mln dlrs in 1988 and 220 mln dlrs in 1989. The utility said these total... | NE ELECTRIC SEES HIGHER CONSTRUCTION OUTLAYS |
Ended December 31 Shr three cts vs nine cts Net 220000 vs 721000 Revs 4920000 vs 4184000 Avg shrs 6425925 vs 6599000 NOTE: Full name Rada Electronic Industries Ltd. Reuter | RADA ELECTRONIC INDUSTRIES<RADIF> NINE MTHS NET |
The National Association of Wheat Growers NAWG board of directors is scheduled to meet Secretary of State George Schultz and Undersecretary of State Allen Wallis to discuss the Departments current role in farm trade policy the association said. NAWG President Jim Miller said in a statement that the organization wanted ... | U.S. WHEAT GROWERS SET STATE DEPT TRADE MEETING |
World food production over the next decade will exceed population growth but because of unequal distribution many parts of the world will go hungry the U.N. Food and Agriculture Organisation (FAO) said. In a report to be considered by its agriculture committee at a meeting later this month FAO said: The long term trend... | WORLD FOOD PRODUCTION OUTSTRIPS POPULATION |
Energy Secretary John Herrington said he will propose tax incentives to increase domestic oil and natural gas exploration and production to the Reagan Administration for consideration. These options boost production while avoiding the huge costs associated with proposals like an oil import fee Herrington told a House E... | DOE SECRETARY PROPOSES OIL TAX INCENTIVES |
Shr loss 18 cts vs profit six cts Net loss 509471 vs profit 163840 Revs 2623974 vs 1835580 12 mths Shr loss 18 cts vs profit 10 cts Net loss 494352 vs profit 173948 Revs 10.1 mln vs 3551429 NOTE: 4th qtr loss reflects 290000 dlrs of non-recurring expenses related to senior management changes. Full name of company is Ch... | CHILDREN'S DISCOVERY <CDCRA> 4TH QTR LOSS |
CPI Corp said it expects to post higher sales and earnings for its fiscal year ended February 7 when it officially reports results in three weeks. It said preliminary figures show total sales of 258 mln dlrs up 30 pct from 198 mln dlrs in its 1985 fiscal year. Net earnings from continuing operations rose to 18 mln dlrs... | CPI CORP <CPIC> TO POST HIGHER 1986 RESULTS |
Commodore International Ltd said its Commodore Business Machines unit reached an agreement with Bally Manufacturing Corp to supply software for the design of coin-operated video games. The company said its Amiga computer graphics technology will be used to develop the games. In return Commodore will receive software li... | COMMODORE <CBU>, BALLY <BLY> SET SOFTWARE PACT |
Standard and Poors Corp said it may downgrade AFG Industries Inc and GenCorp Inc because a partnership affiliated with AFG and Wagner and Brown made a 2.2 billion dlr tender offer to acquire GenCorp. AFG has 185 mln dlrs of BB-plus subordinated debt and GenCorp carries 100 mln dlrs of same-rated subordinated debt. Fina... | S/P MAY DOWNGRADE AFG <AFG> AND GENCORP <GY> |
Jamaica has been authorized to purchase about 56000 tonnes of U.S. wheat under an existing PL 480 agreement the U.S. Agriculture Department said. It may buy the wheat valued at 7.0 mln dlrs between March 25 and August 341 and ship it from U.S. ports and/or Canadian transshipment points by September 30 1987. Reuter | JAMAICA AUTHORIZED TO BUY PL 480 WHEAT - USDA |
Laidlaw Transportation Ltd said earnings per share for the current fiscal year should increase by substantially more than the 30 pct average annual growth experienced in the last four years. Revenues for the year ended August 31 will be about 1.2 billion dlrs including GSX Corp the U.S. waste services unit acquired fro... | LAIDLAW TRANSPORTATION <LDMFA> SEES BETTER YEAR |
Hyponex Corp is raising 150 mln dlrs through an offering of senior subordinated debentures due 1999 yielding 11.828 pct said sole underwriter Drexel Burnham Lambert Inc. The debentures have an 11-3/4 pct coupon and were priced at 99.50 Drexel said. The issue is non-callable for five years. There were no ratings by Mood... | HYPONEX <HYPX> SELLS DEBENTURES AT 11.828 PCT |
Xerox Corp said it sold a 102-acre site in Greenwich Conn. to a limited partnership for 10.5 mln dlrs. Other details were not disclosed. The purchaser was identified as Greenwich King Street Associates II Limited Partnership. Reuter | XEROX <XRX> SELLS CONNECTICUT PROPERTY |
LSI Logic Corp of Canada Inc said it filed for a proposed public offering of common shares to be underwritten by McLeod Young Weir Ltd and Nesbitt Thomson Deacon Inc. The company did not give details of the proposed offering. LSI Logic is associated with but not owned by LSI Logic Corp <LLSI>. Reuter | LSI LOGIC CANADA FILES FOR OFFERING |
The Commodity Credit Corporation CCC received no acceptable bids on the offer to sell about 16610 short tons of 1986-crop farmers stock peanuts for domestic crushing the U.S. Agriculture Department said. An additional offering of 1986-crop peanuts will be made at a later date the department said. Reuter | NO ACCEPTABLE BIDS FOR CCC PEANUTS - USDA |
perus short-term foreign trade credit lines have more than doubled to 430 mln dlrs under president alan garcias 20-month administration. Central bank general manager hector neyra told reporters that many of the credits were for 90-day terms and could be used several times a year. The trade credits stood at 210 million ... | PERU SHORT-TERM TRADE LINES RISE TO 430 MLN DLRS |
Brazils Gross Domestic Product GDP rose by 8.2 pct in real terms last year following an 8.3 pct increase in 1985 the Geography and Statistics Institute said. In money terms this equalled 3.6 trillion Cruzados giving per capita GDP of 26120 Cruzados or 1.6 pct above the level achieved in 1980 before the recession of 198... | BRAZIL'S GDP GREW 8.2 PCT LAST YEAR |
Shr loss 60 cts vs loss 6.50 dlrs Net loss 2012000 vs loss 21.9 mln Revs 8.6 mln vs 13.5 mln Year Shr loss 1.04 dlrs vs loss 5.96 dlrs Net loss 3.5 mln vs loss 20.2 mln Revs 36.6 mln vs 52.1 mln Reuter | ENSOURCE INC <EEE> 4TH QTR LOSS |
mexicos proven reserves of liquid hydrocarbons at end-1986 were 70 billion barrels slightly down from 70.9 billion a year ago and 71.75 billion in 1984 the state oil company petroleos mexicanos (pemex) announced. Reserves were just 5.77 billion barrels in 1974 rose sharply to 40.19 billion in 1978 and flattened out at ... | MEXICAN HYDROCARBON RESERVES FALL SLIGHTLY IN 1986 |
Qtly div 15 cts vs 10 cts prior qtr Pay 17 April Record 3 April NOTE: Great Lakes Federal Savings and Loan is full name of company. Reuter | GREAT LAKES FEDERAL <GLFS> HIKES DIVIDEND |
The Murray Ohio Manufacturing Co said it expects first quarter earnings to be higher than the 4800840 dlrs or 1.25 dlrs per share it recorded for the first quarter of last year. The company which produces lawn mowers and bicycles said earnings are ahead of last year due to increased lawn and garden shipments in January... | MURRAY OHIO <MYO> SEES HIGHER 1ST QTR EARNINGS |
Alleghany Corp said its board declared a stock dividend of one share of its common for every 50 shares outstanding as the companys dividend on its company for 1987. It said the dividend will be distributed on April 30 to holders of record on March 30. Alleghany said cash will be paid in lieu of any fractional shares of... | ALLEGHANY CORP <Y> DECLARES 1987 DIVIDEND |
A House Banking subcommittee has approved legislation to limit the interest rates charged by banks and other credit card issuers. The Consumer Affairs and Coinage subcommittee bill would limit credit card interest rates at eight percentage points above the yield on one-year Treasury securities. If in effect now the bil... | HOUSE SUBCOMMITTEE VOTES CREDIT CARD RATE CAP |
Ended Feb 28 Shr 39 cts vs 35 cts Net 11.5 mln vs 10.4 mln Revs 111.0 mln vs 104.6 mln Nine mths Shr 1.16 dlrs vs 1.04 dlrs Net 34.3 mln vs 30.8 mln Revs 335.2 mln vs 320.0 mln Avg shrs 26.7 mln vs 29.6 mln Reuter | PREMIER INDUSTRIAL CORP <PRE> 3RD QTR NET |
Childrens Discovery Centers of America Inc said Richard Niglio has been appointed chairman and chief executive officer effective April 15. Niglio 44 is currently president and chief executive officer of Victoria Station Inc a restaurant chain based in San Francisco. The company said Niglio replaces James DeSanctis. Reu... | CHILDREN'S DISCOVERY <CDCRA> GETS NEW CHAIRMAN |
Union Corp said it agreed in principle to sell its Union Flonetics Corp subsidiary to Irvin Kaplan a Houston investor. The unit makes valves and marine specialty equipment for the military. Kaplan is also controlling shareholder of <Hunt Valve Co Inc>. The amount of the cash transaction expected to close in April wa... | UNION <UCO> TO SELL UNION FLONETICS UNIT |
KeyCorp is offering 75 mln dlrs of subordinated capital notes due 1999 with an 8.40 pct coupon and par pricing said sole manager First Boston Corp. That is 122 basis points more than the yield of comparable Treasury securities. Non-callable for life the issue is rated A-3 by Moodys Investors Service Inc and A-minus by ... | KEYCORP <KEY> SELLS SUBORDINATED CAPITAL NOTES |
Western Waste Industries said it believes charges alleging that the company illegally transported and disposed of hazardous waste are unfounded. A complaint filed by the Los Angeles County District Attorneys office alleges that the company was involved in the disposal of materials at county landfills Western Waste said... | WESTERN WASTE <WWIN> DENIES CHARGES |
Problems in the farmbelt and oilpatch regions contributed to the first decline in overall income for U.S. banks in a quarter century the Federal Deposit Insurance Corp (FDIC) said. The nations 14181 commercial banks had net income of 17.8 billion dlrs in 1986 down slightly from 1985s record 18.1 billion dlrs. The total... | U.S. BANK INCOME SHOWS FIRST DROP IN 25 YEARS |
Shr 55 cts vs NA Net 2512000 vs 773000 Year Net 7123000 vs 3098000 Assets 417.7 mln vs 251.1 mln Deposits 329.4 mln vs 230.1 mln Loans (net) 366.1 mln vs 205.2 mln NOTE: Some per shr amounts not available as company converted to public ownership in July 1986. Reuter | SOMERSET SAVINGS BANK <SOSA> 4TH QTR FEB 28 NET |
Interand Corp said Harris/3M Document Products Inc is the new national sales representative for the Discon Imagephone Interands advanced interactive video telephone system. It said the portable telephone can display detailed black and white pictures using the ordinary voice-grade telephone network. Reuter | INTERAND <IRND> NAMES NEW VIDEO PHONE MARKETER |
Qtrly div 30.1 cts vs 34.1 cts prior Pay April 14 Record March 31 NOTE: company said prior qtr includes end of year additional four cts dividend. Reuter | VESTAR SECURITIES INC <VES> SETS PAYOUT |
Qtly div 1.25 dlrs vs 1.25 dlrs Pay May 1 Record March 31 NOTE: Full name is American Information Technologies Corp Reuter | AMERITECH <AIT> REGULAR DIVIDEND SET |
Coca-Cola Bottling Group Inc said it filed with the Securities and Exchange Commission to offer 125 mln dlrs of subordinated notes due 1997 through Salomon Brothers Inc. Proceeds will be used to repay outstanding debt incurred to finance recent acquisitions the soft drink bottler said. Reuter | COCA-COLA BOTTLING <COKE> FILES TO OFFER NOTES |
Qtly div 30 cts vs 30 cts prior Pay April 20 Record March 31 Reuter | HARTFORD NATIONAL CORP <HNAT> DECLARES DIVIDEND |
Qtly div nine cts vs nine cts prior Pay April 13 Record March 30 Reuter | ARKANSAS BEST CORP <ABZ> DECLARES QTLY DIVIDEND |
Auditors for Public Service Co of Indiana Inc lifted a qualification in effect for two years on its 1986 financial results according to the companys annual shareholders report. PSIs report was qualified in 1984 and 1985 when its auditors Arthur Andersen and Co questioned the utilitys ability to recover costs of its Mar... | AUDITORS LIFT QUALIFICATION ON PS INDIANA <PIN> |
Shr 14 cts vs 12 cts Net 1017000 vs 877000 Sales 68.1 mln vs 61.2 mln Nine Mths Shr 40 cts vs 17 cts Net 2986000 vs 1215000 Sales 205.3 mln vs 174 mln Note: Per share figure reflects two-for-one stock split of July 1986. Reuter | MARSHALL INDUSTRIES <MI> 3RD QTR FEB 28 NET |
Moodys Investors Service Inc said it may downgrade the debt of AFG Industries Inc and GenCorp Inc. The rating agency cited a 2.2 billion dlr tender offer for GenCorp by General Acquisitions Inc a unit of a partnership affiliate of AFG and Wagner and Brown. Moodys said it would study the proposed acquisitions effects on... | MOODY'S MAY DOWNGRADE AFG <AFG>, GENCORP <GY> |
Dynalectron Corp said subsidiaries of its specialty contracting group have recently received over 34 mln dlrs in electrical and mechanical contracting awards. Reuter | DYNALECTRON <DYN> UNITS GET CONTRACTS |
S/P AFFIRMS RATINGS ON ATT'S SEVEN BILLION DLRS OF DEBT | |
Shr loss 11 cts vs loss 48 cts Net loss 254000 vs loss 784000 NOTE: Includes realized gains of one mln dlrs versus 840000 dlrs. Reuter | FINANCIAL BENEFIT GROUP INC <FBGI> YEAR LOSS |
Arkansas Best Corp said its 1987 first quarter earnings will be significantly lower than fully diluted earnings of 22-1/2 cts per share in last years first quarter. The company said pricing competition and lower traffic levels in the motor carrier industry hurt its first quarter results. However the company said its fu... | ARKANSAS BEST <ABZ> SEES LOWER FIRST QTR NET |
Shr primary 29 cts vs 26 cts Shr diluted 27 cts vs 23 cts Net 1500000 vs 1008000 Revs 30 mln vs 23.1 mln Avg shrs pimary 5254000 vs 3821000 Reuter | URS CORP <URS> 1ST QTR JAN 31 NET |
The Air Line Pilots Association said Pan Am Corp agreed that pilots of its non-union subsidiary Pan Am Express will be placed on the pilot seniority list of its unionized subsidiary Pan American World Airways and will be covered by the current ALPA contract. Reuter | PAN AM <PN> AGREES TO EXTEND UNION PACT |
Oper shr loss 1.28 dlrs vs loss 59 cts Oper net loss 46.0 mln vs loss 21.1 mln Revs 63.9 mln vs 77.8 mln 12 mths Oper shr loss 1.65 dlrs vs loss 2.09 dlrs Oper net loss 59.3 mln vs 75.0 mln Revs 298.2 mln vs 321.3 mln NOTE: for the qtr and yr 1986 loss reflects pretax loss of 45.0 mln and 55.5 mln which included a writ... | TIE/COMMUNICATIONS INC <TIE> 4TH QTR LOSS |
A U.S. House subcommittee voted to give President Reagan authority to block foreign takeovers of U.S. companies similar to the takeover of Fairchild Semiconductor Corp. by Fujitsu Ltd which was withdrawn. The Energy and Commerce Subcommittee on Commerce approved as an amendment to the overall House trade bill a provisi... | U.S. HOUSE PLAN SEEKS TO BAR FOREIGN TAKEOVER |
<Siebe Plc> of the U.K. said it completed the acquisition of Ranco Inc following approval by Ranco shareholders. According to the terms of the deal Ranco holders will receive 40 dlrs a share in cash. Ranco will be transferred to one of Siebes U.S. subsidiaries Robertshaw Controls Co. Ranco produces automatic control... | SIEBE COMPLETES ACQUISTION OF RANCO <RNI> |
Shr 1.06 dlrs vs 1.54 dlrs Net 9455000 vs 13.4 mln Sales 418.7 mln vs 422.0 mln Note: 59 pct owned by Hawker Siddeley Group PLC Reuter | <HAWKER SIDDELEY CANADA INC> YEAR NET |
ESSO SAF <ESSF.PA> the French subsidiary of Exxon Corp <XON> said it had no immediate plans to shut down one of its two refineries. Exxons new president Lee R. Raymond said earlier that it could decide to close a French refinery. An ESSO SAF spokesman said a closure was a hypothesis that depended on the evolution... | NO IMMEDIATE PLANS TO CLOSE REFINERY - ESSO SAF |
Standard and Poors Corp said it affirmed the ratings on seven billion dlrs of debt and preferred stock of American Telephone and Telegraph Co. It said that despite flat revenues ATTs interexchange business and strong cash flow should sustain the current level of debtholder protection for the next several years. But ATT... | S/P AFFIRMS RATINGS ON ATT <T> DEBT |
The Interstate Commerce Commission (ICC) which regulates interstate freight rail service concluded that none of the 24 largest U.S. freight railroads had adequate revenues in 1985. The finding is important because it means the ICC is likely to look favorably on requests for rate increases by these railroads made during... | U.S. AGENCY FINDS RAILROAD REVENUES INADEQUATE |
Qtly distribution 43.5884 cts vs 37.2427 cts in prior qtr Payable April 10 Record March 31 Reuter | TEL OFFSHORE TRUST <TELOZ> UPS QUARTERLY PAYOUT |
The American Stock Exchange said it approved for original listing 12315000 common shares of Landmark Technology Corp a real estate services company. The exchange said trading in the new issue is scheduled to start March 20 under ticker symbol LCO. The Marietta Ga. concern currently trades in over-the-counter market und... | AMEX APPROVES LANDMARK TECHNOLOGY FOR LISTING |
The 25-nation Latin American Economic System (SELA) has presented a document calling for a new strategy to cope with Latin Americas crushing debt and faltering growth. SELA presented the document to a week-long conference of latin american financial and economic experts meeting to lay the groundwork for this years annu... | LATIN AMERICA SEEKS NEW APPROACH TO DEBT |
Emhart Corp said it plans to increase worldwide revenues and earnings at an annual compounded growth rate of 15 pct and about 13 pct respectively. It said these objectives were based on several assumptions including a four pct average inflation rate through 1989 and a two pct to three pct GNP real growth. In 1986 Emhar... | EMHART CORP <EMH> SET TO INCREASE EARNINGS |
The Belcher Co of New York a subsidiary of Coastal Corp <CGP> said it will raise the posted prices for number six fuel in New York 25 cts to 1.75 dlrs a barrel depending on grades. Effective March 19 the new prices are 0.3 pct sulphur 22.50 dlrs up one dlr 0.5 pct sulphur 21.75 dlrs up 1.75 dlrs 0.7 pct sulphur 21 d... | BELCHER TO RAISE HEAVY FUELS PRICES |
Shr 27 cts vs 23 cts Net 1713000 vs 1447000 Revs 46.9 mln vs 39.3 mln Year Shr 97 cts vs 78 cts Net 6154000 vs 4855000 Revs 167.9 ln vs 130.4 mln Reuter | GRAPHIC INDUSTRIES INC <GRPH>4TH QTR JAN 31 NET |
Ramada Inc said it filed a registration statement with the Securities and Exchange Commission covering a proposed offering of 100 mln dlrs of 12-year subordinated notes through underwriter Salomon Brothers Inc. Net proceeds from the offering will be used to repay debt and to fund its capital expenditure program Ramada ... | RAMADA INC <RAM> FILES FOR NOTE OFFERING |
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