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Qtly div 10 cts vs 10 cts in prior qtr Payable April 22 Record April 10 Reuter | CENTRAL PENNSYLVANIA FINANCIAL CORP <CPSA>PAYOUT |
Qtly div 30 cts vs 30 cts in prior qtr Payable April 20 Record March 31 Reuter | HARTFORD NATIONAL CORP <HNAT> REGULAR DIVIDEND |
U.S. TREASURY SETS 10-BILLION DLR MARCH 24 2-YR NOTE SALE, 9.275 BILLION NEW | |
Brazilian red meat production in 1986 fell more than 20 pct to 1.9 mln tonnes due to drought which reduced slaughter weight and to herd rebuilding which started because of high cattle prices the U.S. Agriculture Department said. In its report on World Production and Trade Developments USDA said that in 1987 beef produc... | BRAZILIAN RED MEAT OUTPUT DOWN SHARPLY - USDA |
GENCORP ASKS SHAREHOLDERS TO POSTPONE ACTION IN TENDER OFFER | |
<Cato Corp> said it filed with the Securities and Exchange Commission for an initial public offering of 2.7 mln shares of stock. The company said the offering is expected to be made in mid or late April at a price of 13 to 15 dlrs a share. It said Shearson Lehman Bros Inc and Interstate Securities Corp are managing ... | CATO FILES FOR INITIAL PUBLIC OFFERING |
<MONY Financial Services> said it purchased United Administrators Inc in an effort to secure a larger market share for its group insurance line. MONY said this acquisition coupled with its purchase of Kelly Associates in 1985 contributes to its goal of expanding its group business and improving its product lines. Re... | MONY FINANCIAL BUYS UNITED ADMINISTRATORS <UAI> |
U.S. TREASURY SELLING 7.75 BILLION 4-YR, 7.25 BILLION 7-YR NOTES MARCH 25, 26 | |
Shr loss 18 cts vs loss 20 cts Net loss 629527 vs loss 697847 Revs 404345 vs 1558951 Year Shr loss 56 cts vs loss 1.81 dlrs Net loss 1910063 vs loss 5744588 Revs 5999377 vs 6347702 Avg shrs 3441513 vs 3175402 Reuter | BFI COMMUNICATIONS SYSTEMS INC 4TH QTR LOSS |
Fortune Financial Group Incs Fortune Savings Bank subsidiary said it executed a definitive agreement to buy <Marine Savings and Loan Association of Florida> for 10.1 mln dlrs. It said the agreement has been approved by the directors of both banks and is subject to approval of Marine shareholders by a majority vote. ... | FORTUNE <FORF> TO ACQUIRE MARINE SAVINGS |
<Hawker Siddeley Canada Inc> said that due to poor market conditions for railway freight car manufacturing it plans to sell its Trenton Works division in Trenton Nova Scotia. Hawker Siddeley said it set aside a provision of 7.7 mln dlrs for the proposed sale. It also said lower 1986 earnings were due to much lower e... | HAWKER SIDDELEY CANADA TO SELL UNIT |
Total Health Systems Inc said it began a sale of up to 700000 common shares by the company and up to 410000 shares by certain stockholders. Proceeds will be used for general purposes. Reuter | TOTAL HEALTH <TLHT> IN PUBLIC OFFERING |
Shr 2.04 dlrs vs 1.83 dlrs Net 76172000 vs 71101000 Revs 621.7 mln vs 670.3 mln NOTE: Central Illinois Public Service Co is full name of company. Most recent 12 months net excludes preferred dividends of 6.4 mln dlrs compared with 8.6 mln dlrs last year. Reuter | CENTRAL ILLINOIS <CIP> 12 MTHS FEB 28 NET |
Yr ends Nov 29 1986 Shr loss 61 cts vs loss 1.19 dlrs Net loss 1017000 vs loss 1987000 Revs 10.4 mln vs 10.3 mln NOTE: Prior yr ended Nov. 30 Reuter | BOGART CRAFTS CORP <VOGT> YEAR LOSS |
GAMCO Investors Inc an affiliate of Gabelli and Co plans to propose an anti-greenmail provision at the GenCorp Inc annual meeting March 31 according to GAMCO Chairman Mario Gabelli. Greenmail often involves the repurchase of shares at a premium by a company from an unwanted investor. GenCorp today received a surprise t... | GENCORP <GY> GROUP TO SEEK ANTI-GREENMAIL VOTE |
Oesterreichische Laenderbank AG [OLBV.VI] expects to maintain its dividend and to record a moderate rise in profits this year after the 181.5 mln schilling net profit made in 1986 General Director Gerhard Wagner said. Wagner told a news conference that last years 34.3 pct rise in net profit from 135.1 mln in 1985 was l... | LAENDERBANK EXPECTS MODEST PROFIT RISE IN '87 |
National Data Communications Inc said it is no longer obligated to issue its majority shareholder <Signature Capital Corp> 20 mln common shares under a previous agreement. National said it entered into a new agreement with Signature which would have owned about 80 pct of Nationals common under the prior pact. Under ... | NATIONAL DATA <NDAC> IN PACT WITH SIGNATURE |
<Pilgrim Venture Corp> said it signed a letter of intent to merge with <Marketing Technologies Group Inc> Rockville Center N.Y. Under terms of the agreement Pilgrim a publicly held corporation said it will issue two mln shares of authorized but unissued restricted common stock to Marketing Technologies shareholde... | PILGRIM VENTURE IN MERGER AGREEMENT |
GenCorp Inc chairman William Reynolds said the companys board and its financial and legal advisors will study the unsolicited tender offer from <General Partners>. Right now our advice to all our shareholders is to wait until the board advises them of its position ... which will happen on or before March 31 Reynolds... | GENCORP <GY> TO STUDY GENERAL PARTNER BID |
SSMC Inc said it formed a separate division to consolidate the manufacture and marketing of its motors for the appliance computer and automotive industries. SSMC was spun-off from Singer Co <SMF> in July and operates the former sewing machines and furniture businesses of Singer. Reuter | SSMC <SSM> FORMS ELECTRICAL PRODUCTS DIVISION |
The U.S. Treasury said it will auction 25 billion dlrs of two four and seven-year notes next week to raise a total of 9.275 billion dlrs of new cash. The financing will begin with the monthly auction on Tuesday March 24 of 10 billion dlrs of two-year notes. That will be followed on Wednesday and Thursday by respective ... | U.S. TREASURY SELLING 25 BILLION DLRS OF NOTES |
SENATE NARROWLY DEFEATS MOVE TO BLOCK DLRS 40 MLN IN NICARAGUAN REBEL AID | |
Leaders of the major U.S. commodity exchanges and their federal regulators begin a three-day meeting here tomorrow satisfied with the industrys growth but uncertain about their futures. An estimated 1200 industry officials are expected to attend the annual gathering hosted by the Futures Industry Association FIA. The s... | TRIPLE WITCHING ISSUE OVERHANGS FUTURES MEETING |
Unocal Corp said its Desert Power subsidiary began construction of a 47500 kilowatt geothermal plant in Southern Californias Imperial Valley. The company said Desert Power expects the plant to be operational by early 1989. The new plant will be located at the southern end of the Salton Sea about one-half mile from an e... | UNOCAL <UCL> UNIT BEGINS PLANT CONSTRUCTION |
Qtly div 1-3/4 cts vs 1-3/4 cts prior Pay April 23 Record April nine NOTE: Full name Restaurant Management Services Inc Reuter | RESTAURANT MANAGEMENT SERVICES <RESM> IN PAYOUT |
The Senate defeated a move to block dlrs 40 mln in military aid to the Nicaraguan contra rebels virtually assuring the aid will go through. The 52-to-48 vote was a victory for President Reagan who made the contra program the centerpiece of his Central American policy. The vote virtually guaranteed that 40 mln dlrs -- t... | SENATE DEFEATS MOVE AGAINST NICARAGUAN REBEL AID |
Qtly div 15 cts vs 12.5 cts prior Pay May 1 Record April 17 Note: Prior dividend is adjusted for recent six-for-five stock split. Reuter | CITIZENS FIRST BANCORP INC <CFB>RAISES DIVIDEND |
Texaco Refining and Marketing Inc is being awarded a 84.1 mln dlr Defense Logistics Agency contract for jet fuel the Defense Department said. It said work on the contract which was awarded as part of a multi-contract procurement program is expected to be completed by March 31 1988. Reuter | TEXACO INC <TX> 84.1 MLN DLR DEFENSE CONTRACT |
The Canadian government welcomed President Reagans announcement that he would seek 2.5 billion dlrs over five years to combat acid rain. This action on the part of the U.S. administration serves well our ultimate objective of a bilateral accord providing for a common resolution of this serious environment problem Prime... | CANADA WELCOMES LATEST REAGAN ACID RAIN PLEDGE |
Shr seven cts vs 20 cts Net 184000 vs 387000 Revs 9100000 vs 6700000 Year Shr 13 cts vs 33 cts Net 315000 vs 627000 Revs 32.4 mln vs 24.6 mln Reuter | ALLISON'S PLACE INC <ALLS> 4TH QTR NET |
CONAGRA INC 3RD QTR SHR 36 CTS VS 31 CTS | |
McDonnell Douglas Corp said it received its first order for an executive jet model of its MD-80 aircraft from Ginji Yasuda owner of Aladdin Hotel and Casino in Las Vegas NEvada. A spokesman said the commercial model of the aircraft sells for about 26 mln dlrs but would not disclose the value of the customized version o... | MCDONNELL DOUGLAS <MD> GETS ORDER |
Litton Industries Applied Technology Division is being awarded a 164.2 mln dlr Navy contract for aircraft radar warning receivers for the U.S. Navy Australia and Spain the Defense Department said. It said work on the contract which combines purchases for the three countries under the Foreign Military Sales program is e... | LITTON <LIT> UNIT GETS 164.2 MLN DLR CONTRACT |
DEFENSE DEPARTMENT SAYS LOCKHEED AWARDED 304 MLN DLR AIR FORCE SDI CONTRACT | |
DEFENSE DEPARTMENT SAYS GRUMMAN GETS 303.9 MLN DLR AIR FORCE SDI CONTRACT | |
Pacific Resources Inc said it signed a definitive agreement with Royal Dutch/Shell Group unit Shell Oil Co to buy Shells marketing terminaling and distribution assets in Hawaii for 32 mln dlrs. The purchase would include Shells interest in 39 retail gasoline stations and four petroleum product terminals PRI said. The c... | PRI <PRI> TO BUY SHELL <RD> HAWAII GAS STATIONS |
Oper shr 40 cts vs 30 cts Oper net 1364000 vs 1025000 Revs 14.7 mln vs 11.0 mln Avg shrs 3372970 vs 3425400 Year Oper shr 86 cts vs 32 cts Oper net 2925000 vs 1109000 Revs 43.0 mln vs 35.7 mln Avg shrs 3383651 vs 3418594 NOTE: Year-ago periods exclude extraordinary gain of 1.1 mln dlrs or 31 cts/shr. Includes gains of ... | READING CO <RDGC> 4TH QTR OPER NET |
Eight people were killed and some 30 injured in a blast in a crowded cafe in the Red Sea port of Djibouti a spokesman for the African countrys main newspaper La Nation said. Reached by telephone from Paris he said the blast in one of the citys most popular cafes appeared to have been caused by a bomb. He said the death... | EIGHT KILLED IN DJIBOUTI BLAST |
Lotus Development Corp said it reduced the suggested retail price of its 1-2-3 Report Writer software package to 95 dlrs from 150 dlrs. The company said it also removed copy protection from the program which is used to generate customized reports and forms from data base files. Lotus said the steps bring 1-2-3 Report W... | LOTUS <LOTS> CUTS PRICE ON 1-2-3 REPORT WRITER |
Shr primary 36 cts vs 31 cts Shr diluted 36 cts vs 31 cts Net 25.1 mln vs 21.7 mln Revs 1.53 billion vs 1.39 billion Avg shrs primary 68.8 mln vs 68.9 mln Avg shrs diluted 70.5 mln vs 71.0 mln Nine mths Shr primary 1.32 dlrs vs 1.13 dlrs Shr diluted 1.30 dlrs vs 1.11 dlrs Net 90.8 mln vs 77.6 mln Nine mths Revs 5.18 bi... | CONAGRA INC <CAG> 3RD QTR FEB 22 NET |
Canadian Pacific Ltd said it retained Wood Gundy Inc to seek a buyer for Maple Leaf Mills Ltd of Toronto. The company said Maple Leaf had 1986 sales of 819 mln dlrs and an after tax profit of 16.3 mln dlrs. It is a diversified agriproducts company which produces and sells industrial and consumer flour flour-based produ... | CANADIAN PACIFIC <CP> SEEKS BUYER FOR UNIT |
Wilson Foods Corp said it made the final creditor payment under its 1984 plan of reorganization. The plan resulted from its 1983 filing under Chapter 11 filing of the U.S. Bankruptcy Code. Including the final payment the company said it has paid its creditors 31 mln dlrs plus interest at 9.5 pct repaying all outstandin... | WILSON FOODS <WILF> SETS FINAL CREDITOR PAYMENT |
Ocilla Industries Inc said its Flintstone Industries Inc subsidiary obtained a three mln dollar revolving credit with Bank South Corp <BKSO>. It said Bank South will lend Flintstone amounts constituting up to a maximum of 80 pct of acceptable receivables and 25 pct of acceptable inventory as defined in the loan agre... | OCILLA INDUSTRIES <OCIL> UNIT OBTAINS CREDIT |
Air Canadas 54 mln U.S. dlr acquisition of Gelco Corps <GEC> Canadian unit has dramatically altered Canadas fast growing courier industry largely dominated by U.S. companies until this year company officials and analysts said. State-owned Air Canada takes over the countrys second largest overnight courier business j... | AIR CANADA COURIER BUY SHARPLY ALTERS INDUSTRY |
Chock Full ONuts Corp said it filed a registration statement with the Securities and Exchange Commission for a proposed offering of 60 mln dlrs in convertible senior subordinated debentures due 2012. Drexel Burnham Lambert Inc Bear Stearns and Co Inc and Ladenburg Thalmann and Co inc will underwrite the offering. Proce... | CHOCK FULL O'NUTS <CHF> OFFERS DEBENTURES |
Representatives of the International Wrought Copper Council (IWCC) and major copper producers have told the London Metal Exchange (LME) a clear statement of its forward strategy would lead to a better understanding between industry and the LME. In a press release the IWCC said that at the latest meeting between the cop... | COPPER INDUSTRY ASKS LME FOR STRATEGY STATEMENT |
FORMER WHITE HOUSE AIDE MICHAEL DEAVER INDICTED ON FIVE COUNTS OF PERJURY | |
Oper shr 64 cts vs 52 cts Oper net 872272 vs 706836 Revs 9271541 vs 7744466 Year Oper shr 2.03 dlrs vs 1.96 dlrs Oper net 27827801 vs 2684089 Revs 31.2 mln vs 29.1 mln NOTE: Full name is North-West Telecommunications Inc Reuter | NORTH-WEST TELECOM <NOWT> 4TH QTR OPER NET |
A shareholder group led by Far Hills N.J. investor Natalie Koether said it is reconsidering its plan to seek control of Computer Memories Inc and now plans to sell its entire stake in the company. In a filing with the Securities and Exchange Commission the group which includes Sun Equities Corp said it sold a net 36537... | GROUP RECONSIDERS COMPUTER MEMORIES <CMIN> BID |
Shr profit eight cts vs loss 16 cts Net profit 153000 vs loss 310000 Sales 3937000 vs 2364000 Nine Mths Shr profit five cts vs loss 53 cts Net profit 97000 vs loss 1042000 Sales 10.2 mln vs 7564000 Reuter | AULT INC <AULT> 3RD QTR MARCH ONE NET |
Former White House aide Michael Deaver a close friend of President Reagan was indicted by a grand jury on criminal charges that he lied about his Washington lobbying business. Deaver long a confidant of Reagan and his wife Nancy faces a maximum 25 years in prison if convicted on five counts that he lied to Congress and... | FORMER WHITE HOUSE AIDE DEAVER INDICTED |
Americus Trust for American Telephone and Telegraph Shares Series Two said it will distribute an initial dividend of 28.75 cts on May 12 to shareholders of record March 31. Reuter | AMERICUS TRUST <ATU> AND <ATP> INITIAL DIVIDEND |
XTRA Corp said it agreed to acquire all the stock of RentCo Trailer Corp a wholly owned subsidiary of Fruehauf Corp for about 70 mln dlrs. RentCo had revenues of about 70 mln dlrs. The transaction is expected to be completed in April and is subject to regulatory approval. Reuter | XTRA <XTR> TO BUY FRUEHAUF <FTR> UNIT |
Lockheed Corps Lockheed Missiles and Space Co Inc is being awarded a 304 mln dlr Air Force contract for work related to the Strategic Defense Initiative (SDI) the Defense Department said. It said the work consists of a 34 month SDI Boost Surveillance and Tracking System demonstration/validation effort which is expected... | LOCKHEED <LK> UNIT GETS 304 MLN DLR SDI CONTRACT |
Wickes Companies Inc said it completed the sale of its Sequoia Supply division to a new company created by the management of that division. Paul Hylbert president of Sequoia has been named president and chief executive officer of the new company. Reuter | WICKES COMPANIES <WIX> COMPLETES SALE OF UNIT |
LDBrinkman Corp Chairman L.D. Brinkman and members of his family said they cut their stake in Cenergy Corp to 3647 shares or 0.4 pct of the total outstanding from 912147 shares or 9.4 pct. In a filing with the Securities and Exchange Commission the group said it sold 302833 Cenergy common shares to Snyder Oil Partners ... | LDBRINKMAN <LDBC> CHIEF CUTS CENERGY <CRG> STAKE |
The Grumman Space Systems division of Grumman Corp is being awarded a 303.9 mln dlr Air Force contract for work related to the Strategic Defense Initiative (SDI) the Defense Department said. It said the contract similar to one awarded to Lockheed Corp is for a 34 month SDI Boost Surveillance and Tracking System demonst... | GRUMMAN<GQ> UNIT GETS 303.9 MLN DLR SDI CONTRACT |
Tiger International Inc said it will pay the interest due April 1 on its 11-1/2 pct Sinking Fund debentures by distributing common stock. Each debenture holder will receive the number of whole shares of Tiger common stock obtained by dividing the interest payable by 90 pct of the average closing price of the stock from... | TIGER INTERNATIONAL <TGR> PAYS INTEREST IN STOCK |
Shr three cts vs one ct Net 235000 vs 66000 Revs 10 mln vs 8202000 Avg shrs 7972000 vs 8545000 Reuter | INTER-TEL INC <INTLA> 1ST QTR FEB 28 NET |
Shr loss 83 cts Net loss 2115000 Revs 139.6 mln Avg shrs 3.6 mln NOTE: Company went public February 1986. Reuter | TEXSTYRENE CORP <FOAM> 11 MTHS DEC 31 LOSS |
Shr seven cts vs seven cts prior qtr Pay April 30 Record April 15 Reuter | FLUOROCARBON CORP <FCBN> QTLY DIVIDEND |
Metro Mobile CTS Inc said it declared a 10 pct stock dividend. The dividend will be distributed on April 13 to holders of record March 30. Reuter | METRO MOBILE <MMCT> DECLARES STCOK DIVIDEND |
<Laurentian Group Corp> said it expects 1987 earnings per share will show about the same proportionate increase as in 1986. Last year the company had 25.7 mln dlrs operating profit or 76 cts per share up from 11.1 mln dlrs or 59 cts per share in 1985. Shares outstanding increased to 39 mln from 27.8 mln. The America... | LAURENTIAN GROUP SEES HIGHER SHARE NET |
Metro Mobile CTS Inc said it declared a 10 pct stock dividend. The dividend will be distributed on April 13 to holders of record March 30. Reuter | METRO MOBILE <MMCT> DECLARES STOCK DIVIDEND |
Shr 1.05 dlrs vs 51 cts Net 8500000 vs 4100000 Revs 183.2 mln vs 136.6 mln Reuter | <TRIDEL ENTERPRISES INC> YEAR NET |
Perus short-term foreign trade credit lines regarded as vital to ensure smooth foreign commercial transactions have more than doubled to 430 mln dollars under the 20-month government of president Alan Garcia. Central bank general manager Hector Neyra told reporters many of the credits were 90-day. Trade credits were 21... | PERU SHORT-TERM TRADE CREDIT UP TO 430 MLN DLRS |
Shearson Lehman Brothers Inc said it has sold a new type of certificate of deposit designed to provide top-rated Japanese banks with broader access to the U.S. money markets. The investment banker said its variable money market certificates of deposit are structured as traditional floating rate CDs with the rate based ... | SHEARSON SELLS NEW CDS FOR JAPANESE BANKS |
JOHN LABATT TO ISSUE 125 MLN DLRS OF DEBENTURES | |
The British Conservative government said it would sell off its remaining 31.7 pct shareholding in British Petroleum Co Plc <BP.L> during the next financial year which starts on April 1. Treasury Financial Secretary Norman Lamont made the announcement to Parliament. He said The governments policy is to sell its minor... | U.K. TO SELL OFF REMAINING 31.7 PCT STAKE IN BP |
Westinghouse Electric Corps Defense and Electronic Systems Center is being awarded two Air Force contract increases totalling 114.0 mln dlrs for work related to the F-16 radar the Defense Department said. It said both contracts which combine purchases for the U.S. Air Force and Turkey under the Foreign Military Sales p... | WESTINGHOUSE <WX> GETS 114 MLN DLRS IN CONTRACTS |
EIA SAYS DISTILLATES OFF 7.6 MLN BBLS, GASOLINE OFF 3.4 MLN, CRUDE OFF 4.4 MLN | |
East Rand Proprietary Mines Ltd said that barring any major disruption in production it expects 1987 gold output to top 10 tonnes after dropping to 9.223 tonnes last year from 10.251 in 1985. Chairman Clive Knobbs said in the annual report the mine was expected to mill a higher tonnage while capital expenditure during ... | EAST RAND MINES EXPECT HIGHER GOLD PRODUCTION |
Snyder Oil Partners LP said it acquired 1.2 mln shares or 12 pct of Cenergy Corp. It said it is continuing to review its investment and has made no determination of its future course of action. Reuter | SNYDER <SOI> BUYS STAKE IN CENERGY |
Progressive Savings and Loan Association <PRSL> said it has agreed in principle to be purchased by Far West Financial Corps Far West Savings and Loan Association. The acquisition would be a cash merger with Progressive shareholders receiving up to three dlrs per share the company said. Progressive Savings has assets... | FAR WEST FINANCIAL <FWF> TO BUY PROGRESSIVE |
Qtly div six cts vs six cts prior Pay April 17 Record April 3. Reuter | COMMUNITY SAVINGS BANK <CSBN> QTLY DIVIDEND |
The U.S. Congress and the oil industry are deeply divided on ways the government should assist the industry hurt by the sharp fall in oil prices and the subsequent growth in oil imports industry analysts said. The industry is deeply divided between those who support an oil tariff and those who believe tax incentives ar... | DIVISION SEEN ON HOW TO HELP U.S. OIL INDUSTRY |
Texstyrene Corp said it has suspended quarterly cash dividend payments on its 9.5 pct convertible exchangeable preferred stock. The suspension effects the March 15 payment and it said it does not expect to pay preferred dividends in the forseeable future. It said the payments were suspended because of certain covenants... | TEXSTYRENE <FOAM> SUSPENDS PREFERRED PAYMENTS |
American International Petroleum Corp said a law suit alleging breach of contract and misrepresentation has been filed against its Majestic Crude Corp subsidiary by AMONI Ltd. The suit seeks 600000 dlrs in damages. American International said it will defend against the charges. Reuter | AMERICAN INTERNATIONAL <AIPN> IN SUIT |
Prism Entertainment Corp said it has entered an acquisition and distribution agreement with Tokyo-based Gaga Communications to make and distribute home video titles in Japan under the Prism label. Both companies will provide funding for joint acquisitions of up to ten mln dlrs. Gaga is a subsidiary of Nihon Tape Corp J... | PRISM ENTERTAINMENT <PRZ> TO SELL VIDEO IN JAPAN |
Shr loss 2.22 dlrs vs profit 16 cts Net loss 10.2 mln vs profit 760443 Revs 1.1 mln vs 3.7 mln Year Shr loss 3.68 dlrs vs profit 64 cts Net loss 16.9 mln vs profit 2.7 mln Revs 3.6 mln vs 15.2 mln NOTE:1986 4th qtr includes 6.7 mln dlr restructuring charge and writedowns of 280000 dlrs. year includes writedown of 3.6 m... | SPECTRAN CORP <SPTR> 4TH QTR |
Qtly div 18 cts vs 18 cts prior Pay April 30 Record March 26. Reuter | <VANGUARD INDEX TRUST> QUARTERLY DIVIDEND |
Asked what the U.S. State Departments policy is on offering subsidized wheat to Moscow Secretary of State George Shultz told a group of farm leaders that U.S. products must be competitive in the world market. If we are going to sell our products whatever they may be wheat or anything else then we have to meet the marke... | SHULTZ SAYS U.S. PRODUCTS MUST BE COMPETITIVE |
<John Labatt Ltd> said it agreed to issue in Canada 125 mln dlrs of 1987 adjustable rate convertible subordinated debentures maturing April 1 2007. Labatt 38 pct-owned by Brascan Ltd <BRS.A> said Brascans 49 pct-owned <Great Lakes Group Inc> agreed to acquire 75 mln dlrs of the debentures from the underwriters... | JOHN LABATT TO ISSUE 125 MLN DLRS OF DEBENTURES |
Canadian Pacific Ltd said it retained Wood Gundy Inc to seek a buyer for Maple Leaf Mills Ltd of Toronto. The company said Maple Leaf had 1986 sales of 819 mln Canadian dlrs and an after tax profit of 16.3 mln Canadian dlrs. It is a diversified agriproducts company which produces and sells industrial and consumer flour... | CANADIAN PACIFIC SEEKS BUYER FOR MAPLE LEAF UNIT |
SpecTran Corp said <Sterling Extruder Corp> filed a complaint against it and Sonetran its partly-owned business venture claiming a breach of contract for the purchase of about 545000 dlrs worth of equipment. SpecTran said it and Sonetran deny any liability and intend to contest the suit most vigorously. SpecTran sai... | STERLING FILES SUIT AGAINST SPECTRAN <SPTR> |
Greyhound corp said it completed the sale of its Greyhound Lines unit to Dallas-based GLI Holdings Inc for 350 mln dlrs in cash securities royalties and other considerations. Greyhound said GLI is authorized to continue using the familiar running dog logo on a red white and blue shield while Greyhound Corp will continu... | GREYHOUND CORP <G> COMPLETES BUS LINE SALE |
InterCare Inc said it terminated plans to acquire Universal Care a California health mainenance organization following First Jersey Securities decision to withdraw as underwriter for InterCares proposed public debt and equity securities offering. The acquisition was contingent on its ability to obtain financing to fund... | INTERCARE <CARE> DROPS OFFERING, BUYOUT PLANS |
Providence Energy Corp said it completed the purchase of North Attleboro Gas co. Terms were not disclosed. North Attleboro serves 2273 residential customers 288 commercial customers and 40 industrial customers. Reuter | PROVIDENCE ENERGY <PVY> FINALIZES ACQUISITION |
Legg Mason Wood Walker Inc a unit of Legg Mason Inc said it formed a Philadelphia-based corporate finance unit headed by Graham Humes formerly head of corporate finance for Mellon Bank Corp <MEL>. Reuter | LEGG MASON <LM> SETS UP CORPORATE FINANCE UNIT |
Argentine grain growers reduced their estimates for maize and soybean production in the current harvest in the week to yesterday trade sources said. Soybean production for 1986/87 is now estimated to reach between 7.7 and eight mln tonnes versus 7.8 to 8.2 mln tonnes estimated a week ago and eight to 8.4 mln tonnes est... | ARGENTINE MAIZE, SOYBEAN FORECASTS FALL |
The Federal Reserve Board has approved the application of Chase Manhattan Corp to engage in underwriting and dealing in commercial paper of Chase Commercial Corp the lending subsidiary of the parent bank holding company. The Fed order said Chase Manhattans application was consistent with sound banking practices and exi... | FED APPROVES CHASE MANHATTAN COMMERCIAL DEALING |
Pacific Nuclear Systems Inc said it has received a contract to lease a nuclear packaging shipping cask to General Public Utilities <GPU>. The cask will be leased for one year beginning in the fourth quarter of 1987 with an option for General Public to extend the lease for an additional year. The exepcted cask lease ... | PACIFIC NUCLEAR <PACN> LEASES OUT SHIPPING CASK |
U.S. oil demand as measured by products supplied rose 2.3 pct in the four weeks ended March 13 to 16.49 mln barrels per day (bpd) from 16.11 mln in the same period a year ago the Energy Information Administration (EIA) said. In its weekly petroleum status report the Energy Department agency said distillate demand was u... | RECENT U.S. OIL DEMAND UP 2.3 PCT FROM YEAR AGO |
Mesa Royalty Trust <MRT> said unit holders of record March 31 will receive a distribution amounting to 55192 dlrs or 2.96 cts per unit payable April 30. Reuter | MESA ROYALTY TRUST <MRT> MONTHLY PAYOUT |
<Cambridge Shopping Centres Ltd> said wholly owned Cambridge Leaseholds Ltd privately sold 100 mln dlrs of secured debentures. It said the debentures were issued in three parts consisting of a 20 mln dlr issue at 10.4 pct maturing March 31 1997 22 mln dlrs at 10.6 pct maturing March 31 2002 and 58 mln dlrs at 10.7 p... | CAMBRIDGE SELLS 100 MLN DLRS OF DEBENTURES |
Treasury Secretary James Baker and Federal Reserve Board chairman Paul Volcker have told House leaders they were optimistic their debt strategy would work but acknowledged the crisis could take a sharp turn for the worse Congressional sources and U.S. officials said. Baker and Volcker gave these views at closed-door ta... | BAKER AND VOLCKER SAY DEBT STRATEGY WILL WORK |
Taiwan overnight bought 450000 tonnes of U.S. number two corn 14.5 pct moisture for Gulf and West Coast shipment in 11 cargoes between May and October private export sources said. Gulf shipment ranged in prices from 75.17 to 78.45 dlrs per tonne stowed and trimmed FOB euqivalent and West Coast shipments ranged from 79.... | TAIWAN BUYS 450,000 TONNES OF U.S. CORN |
Results were awaited on Egypts tender today for 200000 tonnes of U.S. soft or white wheat for April shipment under PL 480 private export sources said. Reuter | RESULTS AWAITED ON EGYPT PL 480 WHEAT TENDER |
ecuadors union federations called a general strike for next wednesday to press the governent to suspend austerity measures adopted recently to grapple with losses from a recent earthquake. The 500000-strong unitary workers front (fut) and the 100000-member general union of workers (ugt) have protested the measures whic... | ECUADOREAN UNIONS TO CALL GENERAL STRIKE |
Oncogene Science INc said Robert Ivy is resigning as president chief executive officer and director effective April 12 No immediate successor was named. Reuter | ONCOGENE <ONCS> PRESIDENT RESIGNS |
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