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Mortgage and Realty Trust said C.W. Strong Jr. executive vice president will succeed Hayward L. Elliott as president and chief executive officer when Elliott retires on April 1987. It said Elliott 70 will remain a trustee. Reuter | MORTGAGE AND REALTY <MRT> ELECTS NEW PRESIDENT |
The American Stock Exchange said it has approved the listing of 12.3 mln common shares of Landmark Technology Corp. Trading of the shares will begin Friday March 20. The stock is currently traded over the counter under the symbol LTCO. Reuter | AMEX APPROVES LISTING OF LANDMARK <LCO> |
Bahrain-based <Arabian Investment Banking Corp (Investcorp) EC> is raising 60 mln dlrs through a medium-term revolving multi-purpose facility arranger and co-lead manager <Arab Banking Corp> (ABC) said. ABC said the deal had originally been mandated for 50 mln dlrs but a lead management group of six banks each un... | INVESTCORP RAISES 60 MLN DLR FACILITY |
FED SAYS IT SETS 1.5 BILLION DLRS OF CUSTOMER REPURCHASE AGREEMENTS | |
EC GRANTS 25,000 TONNES BARLEY, 80,000 FRENCH MAIZE LICENCES, REJECTS WHEAT - TRADERS | |
UAW SAYS IT PLANS TO AUTHORIZE STRIKE AT GM TRUCK PLANT AT PONTIAC, MICH. | |
The Federal Reserve entered the U.S. Government securities market to arrange 1.5 billion dlrs of customer repurchase agreements a Fed spokesman said. Dealers said Federal funds were trading at six pct when the Fed began its temporary and indirect supply of reserves to the banking system. Reuter | FED ADDS RESERVES VIA CUSTOMER REPURCHASES |
DOMTAR SETS TWO-FOR-ONE STOCK SPLIT TO TAKE EFFECT MAY 14 | |
Public Service Co of New Hampshire said its board voted to omit the quarterly dividend which would have been paid on May 15. The company said the omission is the thirteenth consecutive dividend omission. Reuter | PUBLIC SERVICE CO OF N.H.<PNH> OMITS DIVIDEND |
Moodys Investors Service Inc said it downgraded the ratings on six billion dlrs of debt of Merrill Lynch and Co Inc. Cut were the firms senior debt Eurodebt and senior guaranteed Eurodebt to A-1 from Aa-3 and subordinated debt to A-2 from A-1. Merrills Prime-1 commercial paper was not under review. Moodys said that whi... | MERRILL LYNCH <MER> DEBT DOWNGRADED BY MOODY'S |
A coupon of 1/2 pct equal to the lowest ever in the Swiss franc market has been set for Sumitomo Corps 200 mln franc convertible notes due September 30 1992 lead manager Swiss Bank Corp said. The conversion price has been set at 1004 yen a 3.93 pct premium over todays 966 yen close. The exchange rate has been set at 99... | RECORD LOW COUPON ON SUMITOMO SWISS CONVERTIBLE |
Shr loss 76 cts vs profit 50 cts Net loss 19186000 vs profit 12438000 Sales 157.9 mln vs 149.2 mln NOTE: Fiscal 1987 net loss includes a pretax charge of 19.5 mln dlrs from restructuring and an after tax charge of about seven mln dlrs from debt prepayment premiums. Fiscal 1986 net profit includes a pretax gain of 7.2 m... | REXNORD INC <REX> 1ST QTR JAN 31 LOSS |
 TIME <TL> SAYS IT WILL REFINANCE DEBT NEW YORK March 19 Time Inc said it intends to make a cash tender offer for its 150 mln dlr outstanding 10-5/8 pct notes due October 15 1992. The price and other terms of the tender offer have not yet been determined the company said. Time also announced its subsidiary Time-... | |
Deputy Assistant Treasury Secretary James Conrow said he was exceedingly pessimistic that 1988 funding for the multilateral development banks as proposed by the Reagan administration will be approved by Congress. Speaking to an international development conference Conrow said it appears almost certain Congress will opt... | U.S. OFFICIAL PESSIMISTIC ON AID FUNDING |
The EC Commission granted 25000 tonnes of free market barley export licences at todays tender and 80000 tonnes of French maize grain traders said. The maximum export rebate for barley was set at 137.25 Ecus and for maize at 129.75 Ecus per tonne. All bids for wheat were rejected they said. Reuter | TRADERS DETAIL EC GRAIN EXPORT LICENCES |
Carson Pirie Scott and Co said the Tax Reform Act of 1986 which repealed investment tax credits had a negative impact of 22 cts a share on earnings for the year ended January 31. Earlier Carson reported yearly per-share earnings of 1.83 dlrs down from 1.86 dlrs a year ago. Average shares increased to 10.2 mln from 9.9 ... | CARSON <CRN> CITES IMPACT OF TAX REFORM ACT |
<Domtar Inc> said it plans a two-for-one stock split to take effect May 14. The company said shareholders will be asked to approve the split at the annual meeting on April 29. Domtar said its directors believe the split could favorably affect marketability of the shares and encourage wider distribution. The shares h... | DOMTAR PLANS TWO-FOR-ONE STOCK SPLIT |
Financial Performance Corp said it continued its rapid expansion with a signing of a partnership agreement with Gold Sierra Financial Advisors founded by former Bank of America officers in capital markets. It said the agreement under which it owns 50 pct of the partnership enables it to move into the mergers and acquis... | FINANCIAL PERFORMANCE <FPCC> PURSUES EXPANSION |
Deputy Assistant Treasury Secretary James Conrow said he was exceedingly pessimistic that Congress will approve the Reagan administrations proposed 1988 funding for the multilateral development banks. Speaking to an international development conference Conrow said it appears almost certain that Congress will opt to cut... | TREASURY'S CONROW PESSIMISTIC ON MDB FUNDING |
AmSouth Corp said the Federal Reserve Board approved the affiliation of First Tuskaloosa Corp with Amsouth. The approval was the final regulatory step in the affiliation process which began in August Amsouth said. Under terms of the affiliation each First Tuskaloosa shareholder will receive 66 dlrs value of AmSouth sto... | FED APPROVES AMSOUTH <ASO> AFFILIATION |
French official reserves rose 12.73 billion francs to 388.68 billion francs at the end of February from 375.95 billion at the end of January the Finance Ministry said. It said in a statement the rise was mainly due to inflows of foreign currency through the exchange stabilisation fund which resulted in an increase of 1... | FRENCH FEBRUARY OFFICIAL RESERVES RISE |
French gross domestic product will grow by only 1.5 pct in real terms this year compared with the governments forecast of two to 2.5 pct growth the private Institut des Previsions Economiques et Financieres pour le Developpement des Entreprises (IPECODE) said. However it expects growth to recover next year to the 1986 ... | FRENCH INSTITUTE PESSIMISTIC ON 1987 GROWTH |
Champion International Corp said its board approved a 285 mln dlrs expansion of its mill in Hinton Alberta Canada. The project will double capacity of the mills pulping operation to 424000 short tonnes a year. Champion expects the expansion to be completed by 1989. Reuter | CHAMPION <CHA> IN 285 MLN DLR EXPANSION |
COCA-COLA, COLOR SYSTEMS IN 100-MLN-DLR VENTURE TO COLORIZE FILMS | |
Independence Bancorp Inc said it completed its merger with Scranton Penn.-based <Third National Bank and Trust Co> with assets of 316 mln dlrs. Independence said its combined assets are now 2.5 billion dlrs. The company said that each share of Third National common will be exchanged for 4.06 shares of its common. In... | INDEPENDENCE BANCORP <INBC> COMPLETES MERGER |
Shr 55 cts vs 93 cts Net 1.6 mln vs 2.6 mln Revs 5.3 mln vs 1.2 mln Year Shr 73 cts vs 1.36 dlrs Net 2.0 mln vs 3.0 mln Revs 9.1 mln vs 11.0 mln NOTE:1985 net includes 2.7 mln dlrs gain on disposal of unit. 1986 includes operations of Dependable Insurance Gruop Inc. Reuter | RIVERSIDE GROUP INC <RSGI> 4TH QTR |
Columbus and Southern Ohio Electric Co a unit of American Electric Power Co Inc is offering 100 mln dlrs of first mortgage bonds due 2017 priced to yield nine pct said lead manager Morgan Stanley and Co Inc. Morgan headed a syndicate that won the bonds in competitive bidding. Daiwa Securities Drexel Burnham and UBS Sec... | AMERICAN ELECTRIC <AEP> UNIT SELLS BONDS |
TRIZEC CORP LTD TO ISSUE 171.25 MLN DLRS OF CLASS A SHARES AT 34.25 DLRS EACH | |
Oper shr loss two cts vs profit three cts Oper net profit 301000 dlrs vs profit 130000 Revs 10.5 mln vs eight mln NOTE: Dividends on preferred shares 370000 dlrs vs 51000 dlrs. Oper net excludes gains on tax loss carryforward of 247000 dlrs vs 118000 dlrs. Reuter | <I.T.L. INDUSTRIES LTD> 1ST QTR FEB 28 NET |
The United Auto Workers said it plans to tell General Motors Corp later today that it will authorize a strike by its local at GMs truck and bus works in Pontiac Mich. The union said its letter to GM means the 9000 workers at the Pontiac facility will walk out of the plant next week if a contract dispute is not settled ... | UAW TO AUTHORIZE STRIKE AT GM <GM> PLANT |
Tracor Incs Applied Sciences Inc unit said it received an 8.4 mln dlrs contract from the U.S. Navy The contract is for one year and includes four one-year options. Reuter | TRACOR <TRR> GETS NAVY CONTRACT |
MCI Telecommunications Corp said it filed suit against 27 Johnson C. Smith University students in Mecklenburg County General Court to recover damages from credit card fraud in excess of 600000 dlrs. The suit is based on the use of two credit card codes for long distance services it said. Reuter | MCI <MCI> FILES CREDIT CARD FRAUD SUIT |
The Reagan administration protested for the first time the constitutionality of the 1978 special prosecutor law that led to a current investigation of the Iran-contra scandal. The constitutional attack by Assistant Attorney General John Bolton was the first official public objection although reportedly the administrati... | ADMINISTRATION OPPOSES SPECIAL PROSECUTOR LAW |
Carroon and Black Corp said it completed the acquisition of <Poggi-Harrison Agency Inc> and <Risk Control Inc>. Terms of the acquisitions were not disclosed. Separately Carroon said it also completed the acquisition of <Rosskopf Rapp and Schmidt Insurance Agency> based in El Monte Calif. Reuter | CORROON AND BLACK <CBL> COMPLETES ACQUISITION |
Qtly div nine cts vs eight cts prior Payable July one Record June 12 Reuter | TULTEX <TTX> INCREASES DIVIDEND |
The Chicago Mercantile Exchanges board of the directors has decided to drop a proposal to place a limit on daily price movements of its Standard and Poors 500 futures contract CME President William Brodsky said. Brodsky told the Futures Industry Association that the exchanges board decided Tuesday to withdraw the propo... | CME DROPS S AND P 500 FUTURES PRICE LIMIT PLAN |
Mining companies may have to develop specialty metals and metal-containing products if plastics and other substitutes are not to make further inroads in their markets according to the United Nations. In a report by Secretary General Javier Perez de Cuellar on world mineral resources U.N. experts termed conditions in th... | U.N. ADVISES MINES TO FIGHT METAL SUBSTITUTES |
Ford Motor Co said one of its U.S. car and one of its U.S. truck assembly plants will work overtime on Saturday March 21. The number two automaker said all of its U.S. car and truck plants will work overtime during the week. The two plants scheduled to work Saturday are Fords assembly plant in Dearborn Mich. which make... | TWO FORD <F> PLANTS TO WORK SATURDAY |
J and J Snack Foods Corp said it filed with the Securities and Exchange Commission a registration statement covering a 25 mln dlr issue of convertible debentures. The company said proceeds would be used for potential future acquisitions. Reuter | J AND J SNACK <JJSF> TO SELL CONVERTIBLE DEBT |
<Benetton SpA> of Italy expects to further diversify into financial services and is weighing possible acquisitions a Benetton spokeswoman here said. We are thinking of diversification outside of the retail line the spokeswoman said. We are looking at financial services and other manfacturing companies. However she s... | BENETTON OF ITALY SEES EXPANSION, ACQUISITIONS |
The Hamburgische Landesbank Girozentrale Canadian dollar bond issued earlier today due May 6 1990 at 8-1/4 pct and 101-3/8 has been increased to 75 mln dlrs said Merrill Lynch Capital Markets as lead manager. REUTER | HAMBURGISCHE LB BOND RAISED TO 75 MLN CANADIAN DLRS |
MCorp said it plans to convert 35 of its 62 member banks to branches during the next nine months. It said it expects the conversions pending regulatory approval of branching applications will provide substantial long-term benefits for its customers and shareholders. In connection with the conversions MCorp said it also... | MCORP <M> TO CONVERT 35 MEMBER BANKS TO BRANCHES |
<Trizec Corp Ltd> said it plans a 171.25 mln dlr issue of class A subordinate voting shares consisting of five mln shares at 34.25 dlrs each. It said <Great Lakes Group Inc> will buy 3750000 shares from the underwriters after closing and grant the underwriters an option to repurchase 150000 shares. Underwriters a... | TRIZEC TO ISSUE 171.25 MLN DLRS OF NEW STOCK |
Shr 23 cts vs 28 cts Net 4.3 mln vs 5.1 mln Revs 64.5 mln vs 67.1 mln NOTE:1986 reflects two for one stock split effective July 31 Reuter | TULTEX CORP <TTX> 1ST QTR FEB 28 |
Federated Financial Savings said it declared an initial quarterly dividend of 85 cts a share April 27 record April 13. This is the first dividend paid by Federated since its conversion to a stock company from a mutual on Jan 28 1987. Reuter | FEDERATED FIN'L SAVINGS <FEDF> INITIAL PAYOUT |
Elsinore Corp said it deposited about 2.33 mln dlrs with trustee Manufacturers Hanover Trust Co to cover accrued and unpaid interest on the 15-1/2 pct senior mortgage bonds due 1999 of its unit Elsinore Finance Corp. The interest has not been paid for January and February and will be paid April 9 to bondholders of reco... | ELSINORE<ELS> MAKES DEPOSIT FOR INTEREST PAYMENT |
Rexnord Inc said it expects to merge with a wholly-owned subsidiary of Banner Industries Inc in early May. Late last month Banner said it completed a tender offer for and held 96 pct of Rexnords common shares. Reuter | REXNORD <REX> SEES MAY MERGER WITH BANNER <BNR> |
Newcor Inc said its board elected William Mitchell as chairman succeeding Frank Gofrank who is retiring as chairman but remains a director. In other action Newcors board approved payment of a regular quarterly dividend of eight cts on May one record April 15. Reuter | NEWCOR <NEW> NAMES NEW CHAIRMAN |
Zurn Industries Inc said it acquired technology to control potentially toxic gases from polluting the atmosphere at various stationary sources. The equipment was purchased from <Proctor and Schwartz> for an undisclosed amount. Reuter | ZURN <ZRN> BUYS ANTI-POLLUTANT EQUIPMENT |
Qtrly div three cts vs three cts prior Pay May 15 Record April 24 Reuter | <BURKE-PARSONS-BOWLBY> CORP SETS REGULAR PAYOUT |
West German corporate insolvencies totalled 1099 in January 0.7 pct less than in the same month of 1986 the Federal Statistics Office said. The number of insolvencies fell by 3.6 pct in the building industry and by four pct in manufacturing industry but rose by 1.8 pct in the services sector. Overall insolvencies inclu... | GERMAN COMPANY INSOLVENCIES DOWN IN JANUARY |
Immunogenetics Inc said it declared the distribution of one common stock purchase right on each outstanding share. Each right will entitle holders to buy a share at 20 dlrs for each share held. The rights are exercisable only if someone acquires 35 pct or more of the company. The rights are not being distributed in res... | IMMUNOGENETICS <IGEN> IN RIGHTS PLAN |
Symbion Inc said <Warburg Pincus Capital Co L.P.> began a tender offer to purchase up to 2.5 mln shares or about 33 pct of Symbions shares at 3.50 dlrs per share. Warburg already owns about 26 pct of Symbion. Symbion has 7472000 shares outstanding. The company makes artificial hearts. Symbion said its board and mana... | WARBURG BEGINS TENDER OFFER FOR SYMBION <SYMB> |
French Social Affairs and Labour Minister Philippe Seguin has renewed a controversy over whether France is positioning itself for an economic U-turn saying it was possible to boost domestic demand without giving rise to negative economic effects. Prime Minister Jacques Chiracs spokesman Denis Baudouin on Monday sparked... | FRENCH MINISTER RENEWS ECONOMIC CONTROVERSY |
Union Carbide Corp is raising 350 mln dlrs through an offering of senior subordinated notes due 1994 yielding 9.90 pct said sole manager First Boston Corp. The notes have a 9-3/4 pct coupon and were priced at 99.24 to yield 290 basis points more than comparable Treasury paper. Non-callable for five years the debt is ra... | UNION CARBIDE <UK> SELLS NOTES YIELDING 9.90 PCT |
SEAGRAM CO LTD YEAR SHR 4.45 DLRS VS 3.44 DLRS | |
The Hamburgische Landesbank Girozentrale Canadian dollar bond issued earlier today due May 6 1990 at 8-1/4 pct and 101-3/8 has been increased to 75 mln dlrs said Merrill Lynch Capital Markets as lead manager. Reuter | HAMBURGISCHE LB BOND RAISED TO 75 MLN CANADIAN DLRS |
Litton Industries said its Applied Technology division won a 164.2 mln dlr contract from the U.S. Navy to produce AN/ALR-67 (V) and AN/ALR-45F airborne threat warning systems. The company said the systems will be used on a variety of Navy attack and reconnaissance aircraft. Deliveries are set from August this year to F... | LITTON <LIT> WINS 164.2-MLN-DLR NAVY CONTRACT |
Parent company net profit 754.45 mln francs vs 674.1 mln. Dividend 19.50 francs vs same. NOTE - Company said the dividend would apply to shares issued under capital increases during 1986. This means a 32 pct rise in total dividend payments to 528.14 mln francs on 1986 results from 399.62 mln the previous year. Reuter | L'AIR LIQUIDE <AIRP.PA> YEAR ENDED DEC 31 |
Solar Systems by Sundance Inc said it agreed to buy a 45 pct interest in a company that will sell condoms produced by INKEY SA of Spain. It said a spermicide used in INKEYs condoms contains an ingredient that may help prevent the sexual transmission of AIDS. The ingredient was cited in an article in the West German pub... | SOLAR SYSTEMS <SSDN>, INKEY OF SPAIN SET PACT |
Shr loss 12 cts vs profit 37 cts Net loss 350738 vs profit 1095991 Revs 18.8 mln vs 15.8 mln Year Shr profit 28 cts vs profit 1.29 dlrs Net profit 831901 vs profit 3000716 Revs 60.6 mln vs 48.2 mln Avg shrs 2996903 vs 2756596 Note: Per share date adjusted to reflect 10 pct stock dividend of March 1986. Reuter | MODULAIRE INDUSTRIES <MODX> 4TH QTR LOSS |
IntelliCARD International Inc said its common stock will continue to be quoted on NASDAQ due to an exception from capital asset requirements of the National Association of Securities Dealers which it failed to meet as of December 16. The company said it believes it can meet conditions imposed by the NASD for the except... | INTELLICARD <ICRDC> GETS NASDAQ EXCEPTION |
Owners of two aluminum smelters in Kentucky received temporary relief from higher electric rates after a decision Tuesday by state regulators denying a rate hike to (Big Rivers Electric Corp) of Henderson Ky. But the owners of the smelters (National Southwire Aluminum Co) and Alcan Aluminium Ltd <AL> said further vi... | KENTUCKY SMELTERS GET RELIEF ON HIGHER RATES |
Shr 4.45 dlrs vs 3.44 dlrs Shr diluted 4.30 dlrs vs 3.34 dlrs Net 423.5 mln vs 319.1 mln Sales 3.34 billion vs 2.97 billion Avg shrs 95.1 mln vs 92.6 mln NOTE: U.S. funds. Net includes equity in earnings of Du Pont Co <DD> of 169.1 mln dlrs vs 75.7 mln dlrs and dividend income from Du Pont shares of 154.1 mln dlrs v... | SEAGRAM CO LTD <VO> YEAR JAN 31 NET |
Caisse Nationale des Autoroutes (CNA) is issuing a three billion franc 8.50 pct 15-year domestic bond at 96.10 pct co-lead managers Caisse Nationale de Credit Agricole Credit du Nord and Credit Lyonnais said. Payment date will be April 6. Denominations are of 5000 francs. Redemption will be in three equal tranches afte... | FRANCE'S CNA ISSUES THREE BILLION FRANC BOND |
Qtly div 20 cts vs 20 cts prior Pay May 11 Record April Three Reuter | AIR PRODUCTS AND CHEMICALS INC <APD> IN PAYOUT |
Qtly div 30 cts vs 30 cts prior Pay April 30 Record April Three Reuter | J.P. STEVENS AND CO <STN> IN PAYOUT |
A former vice president of Painewebber Inc pleaded guilty in Manhattan Federal Court to charges he conspired to launder over 700000 dlrs in cash from investors. Gary Eder 41 PaineWebbers highest paid broker between 1982-86 was indicted last week on charges of conspiracy and falsifying brokerage records. Eder who resign... | FORMER BROKER PLEADS GUILTY IN U.S. TAX SCHEME |
Hubco Inc said its board is in the process of filing an application with the New York State Banking Department to permit the formation of a loan production office in that state. Reuter | HUBCO <HCO> TO SEEK N.Y. LOAN OFFICE |
Germantown Savings Bank said it has started a subscription offering of 3500000 shares at a maximum price of 11.50 dlrs each to customers and community residents. It said the offer will expire April 15. The company said any shares not sold will be offered to the public through underwriter Alex. Brown and Sons Inc <AB... | <GERMANTOWN SAVINGS BANK> IN SUBSCRIPTION OFFER |
First Federal Savings and Loan Association of Salt Lake City <FFUT> said an initial public offering of 816927 common shares is under way at 6.50 dlrs each through underwriters led by Boettcher and Co Inc. It said it sold a total of one mln shares with the others sold in an earlier offering to customers. Reuter | FIRST FEDERAL SALT LAKE INITIAL OFFERING STARTS |
Oper shr one ct vs six cts Oper net 48000 vs 556000 Revs 19.0 mln vs 26.5 mln Year Oper shr 19 cts vs 46 cts Oper net 1586000 vs 3971000 Revs 90.8 mln vs 103.1 mln NOTE: Previous oper net excludes 404000 dlrs of extraordinary expenses for qtr and 991000 dlr gain for year. TIE/communications Inc <TIE> holds 65 pct in... | <TIE/TELECOMMUNICATIONS CANADA LTD> 4TH QTR NET |
The stock market could be jolted one way or another on Friday as the so-called triple witching expiration raises the specter of volatile movement. The Dow Jones Industrial Average could soar or plunge as much as 100 points or both or even remain static according to analysts of the stock and stock index futures markets.... | TRIPLE-EXPIRATION MAY JOLT STOCK MARKET |
Bobbie Brooks Inc said its board approved a defensive common stock purchase rights plan. Under the plan shareholders will receive one common shares purchase right March 31 on each outstanding share of record on that date. Each right entitles shareholders to buy one share of common stock at an exercise price of 4.50 dlr... | BOBBIE BROOKS <BBKS> IN RIGHTS PLAN |
Qtly div 12 cts vs 10 cts prior Pay April 24 Record April One Reuter | PEOPLES SAVINGS BANK <PEBW> RAISES QUARTERLY |
Shr three cts vs 16 cts Net 127000 vs 605000 Sales 14.4 mln vs 9726000 Six Mths Shr 17 cts vs 30 cts Net 678000 vs 1141000 Sales 24.6 mln vs 19.2 mln Reuter | DEP CORP DEPC 2ND QTR JAN 31 NET |
Qtly div 20 cts vs 20 cts previously Pay June Two Record May 12 Reuter | FEDERAL SIGNAL CORP <FSS> REGULAR DIVIDEND |
Qtly div 10 cts vs 10 cts prior Pay April 15 Record April One Reuter | STATE STREET BOSTON CORP <STBK> SETS QUARTERLY |
Qtly div 47-1/2 cts vs 47-1/2 cts prior Pay May 13 Record April Six Reuter | MARSH AND MCLENNAN COS INC <MMC> SETS QUARTERLY |
<Meridian Insurance Group Inc> said an initil public offering of 1500000 shares is underway at 12 dlrs each through underwriters led by Prescott Ball and Turben Inc and Wm. Sword and Co Inc. It said underwriters have been granted an option to buy up to 225000 additional shares to cover overallotments. Reuter | MERIDIAN INSURANCE INITIAL OFFERING STARTS |
American Equine Products Inc said it has signed a letter of intent for a proposed underwritten public offering. It gave no details. Reuter | AMERICAN EQUINE <WHOA> FILES FOR OFFERING |
The American Stock Exchange said it has started trading the common stock of Adams-Russell Electronics Co Inc which had been traded on the NASDAQ system. Reuter | AMEX TRADING ADAMS-RUSSELL ELECTRONICS <AEI> |
Whitehall Corp said the U.S. Navy has exercised contract options to lease two additional Quick Reaction Surveillance Systems for the year ending September 30 from Whitehall for 4437000 dlrs. The company said the contract contains further options for the lease of those two systems and two others for two more years at ab... | WHITEHALL <WHT> GETS NAVY CONTRACT |
Nostalgia Network Inc said it signed an agreement to air two minute and five minute commercial announcements of its home shopping service called Collectible Showcase on the ACTS Satellite Network. ACTS Network with over six mln subscribers will air the spots about 28 times per week for 13 weeks. Reuter | NOSTALGIA <NNET>, ACTS SATELLITE IN DEAL |
Rocky Mountain Medical Corp said the Baby News Store chain of childrens stores will carry its tenderCare line of non-chemical disposable diapers. Rocky claimed its patented dryness technology provides a diaper that is demonstrably drier than conventional disposable diapers and cloth diapers. Baby News 60 stores are loc... | RETAIL CHAIN TO SELL ROCKY MOUNTAIN <RMED> ITEM |
Qtly div Class A 27-1/2 cts vs 27-1/2 cts Qtly div Class B 24-1/2 cts vs 24-1/2 cts Pay April 10 Record April Three Reuter | JOHN WILEY AND SONS INC <WILLB> SETS QUARTERLY |
The American Petroleum Institute said that U.S. crude oil production in February declined 9.8 pct from year-ago levels to about 8.3 mln barrels a day. In its monthly report on U.S. oil supplies and stocks API said that domestic demand for petroleum products as measured by products supplied continued to rise reaching 16... | API SAYS U.S. CRUDE OIL OUPUT OFF FROM YEAR AGO |
<Canada Development Corp> said it is considering the sale of the 270.8 mln dlrs it holds of Falconbridge Ltds 8.5 pct convertible debentures and of its 25 pct holding in <CDC Life Sciences Inc>. It said it made the disclosure in two prospectuses filed today with the Ontario Securities Commission. CDC said one pro... | CDC MAY SELL FALCONBRIDGE (FALCF) DEBT |
Italys state-controlled telecommunications company <Stet - Societa Finanziaria Telfonica P.A.> and Frances Thomson-CSF <TCSF.PA> said they were negotiating a deal involving their respective subsidiaries <SGS Microelettronica SpA> and <Thomson Semiconducteurs>. The deal in question was in the civil semicondu... | STET CONFIRMS TALKS UNDER WAY WITH THOMSON |
Consumers may benefit from new telephone services if business restrictions against the regional Bell companies are eased but safeguards against rate hikes may be needed congressional and industry analysts say. An easing of the restrictions by the U.S. District Court would help bring new services to markets that the reg... | EASED RESTRICTIONS TO CREATE NEW PHONE SERVICES |
<TransAmerican Natural Gas Corp> said it denies that Coastal Corp has standing to file a plan or reorganization for TransAmerican in U.S. Bankruptcy Court. In an earlier statement TransAmerican said Coastal claimed its rights to file a reorganization planhad been affirmed by the court. Coastal claims they have stand... | TRANSAMERICAN CHALLENGES COASTAL <CGP> STANDING |
L.M. Ericsson Telephone Co of Stockholm said it has signed a contract to supply BellSouth Corp with two Ericsson AXE Signal Transfer Point Switches for use in transfering signals and data between telephone central offices. It said the switches will be installed in early 1988. Value was not disclosed. Ericsson also said... | ERICSSON <ERICY> GETS BELLSOUTH <BSC> CONTRACT |
Jiffy Lube International Inc said it cant account for the drop in its stock price. The companys stock is currently trading at 29-1/2 bid 29-7/8 bid. Yesterday in NASDAQ trading it fell 4-1/4 to close at 31. Reuter | JIFFY LUBE <JLUB> CAN'T EXPLAIN STOCK ACTION |
Cytogen Corp said its will expand clinical trials of its cancer imaging technology. It said the new studies were anticipated to begin by mid year. It said the first phase of human testing begain in October. The technology uses a monocloncal antibody tagged with a radioisotope to diagnose colorectal cancer and several o... | CYTOGEN <CYTO> TO EXPAND IMAGING TESTS |
Lanson Champagne of France said it named Whitbread PLCs Regal Brands Inc unit as its exclusive U.S. importer effective April one. Regal Brands is also the sole U.S. importer for Benedictine S.A.s liqueurs. Reuter | LANSON NAMES WHITBREAD PLC UNIT AS IMPORTER |
Prime Medical Services Inc said merger talks with National HMO Corp <NHMO> have been terminated. Prime gave no reason for the termination of the talks with National HMO. Reuter | PRIME MEDICAL <PMSI> SAYS MERGER TALKS END |
Qtly div seven cts vs seven cts prior Payable April 28 Record April three Reuter | FIRST FEDERAL SAVINGS BANK OF MONTANA <FFSM> DIV |
 CORRECTION - PARIS - FRENCH MINISTER RENEWS Please read at end of first para of item FRENCH MINISTER RENEWS ECONOMIC CONTROVERSY ....An economic U-turn saying it was possible to obtain the results of a reflation without its negative effects. this makes it clear the minister did not use the phrase boost domestic de... | |
FED'S JOHNSON SAYS THERE IS ROOM FOR STRONGER DOMESTIC GROWTH IN LARGE SURPLUS STATES | |
FED'S JOHNSON SAYS INFLATIONARY PRESSURES ARE UNDER CONTROL |
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