text stringlengths 0 9.69k | target stringlengths 0 137 |
|---|---|
FED'S JOHNSON SAYS FED SUPPORTS G-6 PARIS CURRENCY ACCORD | |
Shr profit 10 cts vs loss one ct Net profit 647390 vs loss 75967 Sales 2120027 vs 1666908 NOTE: Current year net includes 456004 dlr gain from debt extinguishment. Reuter | <CCR VIDEO CORP> 1ST HALF FEB 28 NET |
FED'S JOHNSON SAYS BUDGET DEFICIT CUT ESSENTIAL TO INT'L ECONOMIC COOPERATION | |
A new International Natural Rubber Agreement (INRA) will be formally adopted tomorrow chairman of the negotiating conference Manaspas Xuto of Thailand said. The successful negotiation of the new agreement represents a significant step forward in international economic cooperation he told a news conference. The new INRA... | NEW RUBBER PACT TO BE FORMALLY ADOPTED TOMORROW |
A group of New York investment companies told the Securities and Exchange Commission they have acquired 173000 shares of Moore-Handley Inc or 6.9 pct of the total outstanding common stock. The firms Robert H. Barker and Co J.M.R. Barker Foundation Quaker Hill Associates L.P. Upland Associates L.P. and James M. Barker T... | INVESTMENT GROUP HAS MOORE-HANDLEY <MHCO> STAKE |
Ventra Management Inc said it received a 10.8 mln dlr equipment lease with Georgetown Medical Clinic of San Clemente Calif. The lease was funded by by Ventras leasing subsidary Joint Venture Leasing in a venture agreement with Phillips Equipment Co West a unit of Telefunken AG of West Germany. Ventra said the lease wil... | VENTRA MANAGEMENT IN EQUIPMENT LEASE AGREEEMENT |
Panhanele Eastern Corp said its two interstate pipeline subsidiaries will extend the availability of self-implementing transportation service beyond the scheduled May one termination of the program set by federal regulators. The company explained that Panhandle Eastern Pipe Line Co and Trunkline Gas Co are engaged in r... | PANHANDLE <PEL> LINES EXTEND TRANSPORT SERVICE |
Sugar which EC producers plan to sell into intervention may be offered by the European Commission for sale within the Community broker C. Czarnikow says in its latest sugar review. The Commission will propose to offer the sugar at a very nominal premium of 0.01 European Currency Unit (Ecu) to the intervention price wit... | EC MAY OFFER INTERVENTION SUGAR TO LOCAL MARKET |
Household Financial Corp Ltd is issuing a 75 mln Canadian dlr bond due April 23 1994 carrying a coupon of nine pct and priced at 101-3/4 said Orion Royal Bank as lead manager. The securities are guaranteed by the parent company Household Finance Corp and are available in denominations of 1000 and 10000 dlrs each. There... | HOUSEHOLD FINANCE SETS 75 MLN CANADIAN DLR NOTE |
The Association of German Cooperative Banks said in a financial survey that domestic interest rates would continue to remain low for the time being. It said the Bundesbank could hold them down despite strong foreign influence and it saw no interest-straining factors in the economy that could affect the long-term capita... | GERMAN BANKS SEE LOW INTEREST RATES CONTINUING |
The International Cocoa Council ICCO adjourned for the day after a detailed proposal on buffer stock rules was distributed and executive committee officials were elected delegates said. Producers EC consumers and all consumers are scheduled to hold separate meetings tomorrow to review the proposal written by ICCO execu... | ICCO TO EXAMINE BUFFER STOCK DETAILS TOMORROW |
Federal Reserve Board Vice Chairman Manuel Johnson said that the U.S.s main industrial partners should expand their domestic growth. In a speech to a womens group here Johnson said There is room for stronger domestic growth in those countries ... strong enough to absorb growth in U.S. export markets. Johnson also said ... | FED'S JOHNSON URGES STRONGER ALLIED GROWTH |
Slower than expected growth in Britains narrow M0 money supply measure in February will help spur a further cut in U.K. Interest rates if a surge in sterlings value requires such a move economic analysts said. M0 the only targeted money supply measure left after Chancellor of the Exchequer Nigel Lawson scrapped the off... | U.K. MONEY DATA MAY EASE RATE CUT, ANALYSTS SAY |
Federal Reserve Board Vice Chairman Manuel Johnson said inflationary pressures are under control and noted wage and price pressures are very moderate. Johnson told a womens group that the U.S. was not seeing the kind of cost pressures of the past. He said the trade imbalance was a serious trouble spot and strong protec... | FED'S JOHNSON SEES INFLATION CONTROLLED |
Greyhound Corp said it has signed a definitive agreement to buy General Motors Corps U.S. Transit Bus and Parts business for an undisclosed sum. The agreement tentatively set in January includes production tooling design and equipment for urban transit buses inventories and trademark identification. The agreement also ... | GREYHOUND <G> BUYS GENERAL MOTORS <GM> BUS UNIT |
Merrill Lynch and Co said it feels the cut in its credit rating by Moodys Investors Service is not justified in view of the companys improvement in profitability and increase in equity capital in 1986. Moodys earlier today downgraded six billion dlrs of Merrill debt citing lagging profitability relative to other broker... | MERRILL LYNCH <MER> DISPUTES MOODY'S DOWNGRADE |
Excel Bancorp Inc said its board declared an initial dividend of 10 cts per share payable April 20 to holders of record on April Six. Reuter | EXCEL BANCORP <XCEL> SETS INITIAL DIVIDEND |
Champion International Corp based in Stamford Conn. said it will expand its mill in Hinton Alberta at a cost of about 285 mln Canadian dlrs. The expansion will double the facilitys pulping operation to 424000 short tons per year. The mill produces softwood kraft pulp which is sold to other Champion facilities and on th... | CHAMPION <CHA> TO EXPAND ALBERTA MILL |
Mark IV Industries Inc <IV> which has said it is mulling a bid to seek control of Baird Corp said it has no present plans to acquire more than 25 pct of the companys total outstanding common stock. In a filing with the Securities and Exchange Commission Mark IV said its top officials told Baird executives at a March... | MARK IV SAYS IT DOES NOT PLAN BAIRD <BATM> BUY |
Qtly div 24 cts vs 24 cts prior Pay May Eight Record April 17 Reuter | HARRIS-TEETER PROPERTIES INC <HTP> SETS PAYOUT |
CANADA 91-DAY T-BILLS AVERAGE 6.89 PCT, MAKING BANK RATE 7.14 PCT | |
Dresser Industries Inc said it expects the joint ventures it has entered into and a gradual improvement in the energy market to allow it to regain profitability before the end of the current year. Dresser earned 9600000 dlrs for the year ended October 31 -- after a 95.0 mln dlr gain from a change in accounting and pens... | DRESSER INDUSTRIES <DI> SEES RETURN TO PROFIT |
European Community (EC) industry ministers agreed on a plan for voluntary steel plant closures drawn up by industry lobby group Eurofer and calculated to lead to the loss of about 22000 jobs. The ministers resolved that the proposed closures which should bring production capacity more in line with weak demand remain co... | EC MINISTERS ANNOUNCE PLAN FOR STEEL CLOSURES |
FED'S JOHNSON SAYS DEBT CRISIS SOLUTION DEPENDS ON INDUSTRIAL COUNTRY GROWTH | |
JOHNSON SAYS FED SUPPORTS ADDING SECURITIES POWERS TO BANKING LEGISLATION | |
A statement yesterday by Secretary of State George Shultz after he met with wheat growers that U.S. agricultural products must be competitively priced was significant in that he recognized the importance of the Soviet market and the need for U.S. prices to be at world market levels U.S. grain trade industry officials s... | U.S. GRAIN TRADE CALLS SHULTZ REMARK SIGNIFICANT |
Federal Reserve Board Vice Chairman Manuel Johnson said a resolution of the debt crisis depends on growth in the industrialized world. We can work our way through as long as we have growth in industrialized countries to allow indebted countries to get out of their problems Johnson told the Women in Housing and Finance.... | JOHNSON SAYS GROWTH WILL DIFFUSE DEBT CRISIS |
Federal Reserve Board Vice Chairman Manuel Johnson said the Federal Reserve favored adding securities powers to banking legislation. We support any willingness to add those powers to the legislation Johnson told the Women in Housing and Finance. We would prefer to see those powers in the legislation. He was referring t... | JOHNSON URGES SECURITIES POWERS FOR BANKS |
NYNEX INCREASES QTRLY DIV TO 95 CTS FROM 87 CTS end of body | |
Shr profit five cts vs loss 40 cts Net profit 669000 vs loss 4256000 Revs 46.1 mln vs 43.8 mln Avg shrs 13.9 mln vs 10.5 mln Nine mths Shr profit 42 cts vs loss 23 cts Net profit 5529000 vs loss 2219000 Revs 152.2 mln vs 139.6 mln Avg shrs 13.3 mln vs 9489000 NOTE: Current year net both periods includes 1800000 dlr gai... | BURNUP AND SIMS INC <BSIM> 3RD QTR JAN 31 NET |
Qtr ended Jan 31 Shr 48 cts vs 38 cts Net 1171000 vs 794000 Revs 15.6 mln vs 14.0 mln Year Shr 85 cts vs eight cts Net 1831000 vs 266000 Revs 50.4 mln vs 46.5 mln Reuter | AARON BROTHERS ART MARTS INC <AARN> 4TH QTR NET |
Quaker State Oil Refining Corp said it signed a 100 mln dlr revolving credit and term loan agreement with a group of six banks for which Mellon Bank N.A. is agent. The four-year arrangement has an additional four-year term loan amortization agreement Quaker said. Quaker said the credit line will be used to finance expa... | QUAKER STATE <KSF> ARRANGES 100 MLN DLR CREDIT |
MarkitStar Inc said it has filed for an offering of 1700000 common shares through underwriters led by Woolcott and Co Inc. The company said it will sell 1500000 shares and shareholders the rest. Company proceeds will be used for the development and expansion of marketing and sales operations and facilities for research... | MARKITSTAR <MARK> FILES TO OFFER SHARES |
Lomas Mortgage Corp said it has filed for an offering of four mln common shares through underwriters led by Merrill Lynch and Co Inc <MER>. The company said it has granted underwriters an option to buy up to another 600000 shares to cover overallotments. Reuter | LOMAS MORTGAGE <LMC> FILES TO OFFER SHARES |
<Strong Point Inc> said its Pharmaceutical Technologies Inc unit has developed a formula for stimulating immune system function and reparing immune system damage thereby protecting vulnerable body structures against Acquired Immune Deficiency Syndrome (AIDS). The company said while the product called IMMUNOL-IM is n... | STRONG POINT INC HAS IMMUNE SYSTEM FORMULA |
The European Community Commission has decided to abolish a special tax of eight Ecus per tonne imposed on exports of Spanish maize Commission sources said. They said the tax which applies to Spanish sales to EC and non-EC countries alike would no longer be required on exports from Spanish ports south of Valencia. The d... | EC TO ABOLISH TAX ON SPANISH MAIZE EXPORTS |
Great American Management and Investment Inc said its 80 pct-owned subsidiary agreed to buy certain assets of two subsidiaries of Standard Oil Co for 40 mln dlrs and the assumption of certain liabilities. Great American Industrial Group Inc agreed to acquire all the U.S. and United Kingdom assets of Pfaudler Co and the... | GREAT <GAMI> TO BUY STANDARD<SRD> UNITS' ASSETS |
Oper shr three cts vs three cts Oper net 511000 vs 550000 Revs 19.7 mln vs 17.7 mln Avg shrs 15777000 vs 16074000 NOTE: Earnings exclude gains from utilization of tax loss caryforwards of 398000 dlrs or three cts a share vs 455000 dlrs or three cts a share Reuter | KMS INDUSTRIES INC <KMSI> YEAR NET |
WICKES COS INC 4TH QTR SHR LOSS TWO CTS VS PROFIT 14 CTS | |
Consolidated Frieghtways Corp said it has formed a new regional less-than-truckload carrier called Con-Way Southern Express. The company said the new unit will start overnight service April One in the Carolinas Georgia Tennessee and Virginia. Reuter | CONSOLIDATED FREIGHTWAYS <CNF> FORMS NEW UNIT |
To-Fitness Inc said it has been named exclusive Florida distributor for the hardpack version of the frozen dessert Tofutti by Tofutti Brands Inc <TOF> replacing Pillsbury Cos <PSY> Haagen Dazs. Reuter | TO-FITNESS <TFIT> IN DISTRIBUTION DEAL |
First Financial Management corp said it has offered to acquire Comdata Network Inc for 18 dlrs per share in cash and stock or a total of about 342.7 mln dlrs. The company said for each Comdata share it would exchange half a First Data share and enough cash to bring the total value up to 18 dlrs per share provided that ... | FIRST FINANCIAL <FFMC> BIDS FOR COMDATA <CDN> |
A House Banking subcommittee approved a plan to seek U.S. negotiations with other industrialized countries for the purchase of developing country debt from commercial banks. The plan is expected to face opposition in the full House Banking Committee where approval must be obtained to send it on to the full House for a ... | U.S. CONGRESS THIRD WORLD DEBT PLAN ADVANCES |
POP Radio Corp said it has signed a seven-year agreement to provide Rite Aid Corp with in-store customized disc jocky-hosted radio programs resulting in an increase of more than 50 pct in the total number of stores POP now has under contract. Value was not disclosed. Reuter | POP RADIO <POPX> GETS RITE AID <RAD> |
Biosensor Corp said it signed an agreement with Del Mar Avionics Irvine Calif. to market the Biosensor Multiday system. Multiday monitoring products can analyze patient heart signals for up to five days in or out of the hospital. Patients can transmit complex cardiac data over the telephone to their medical center allo... | BIOSENSOR <BSNR> SIGNS MARKETING AGREEMENT |
Qtly div 22 cts vs 22 cts previously Pay April 15 Record March 31 Reuter | ALLIANCE FINANCIAL CORP <ALFL> DIVIDEND SET |
Jefferies and Co said it is making a market in Comdata Network at 16-1/2 to 17. The stock was halted on the New York Stock Exchange for dissemination of news at 15-1/8. Reuter | JEFFERIES MAKING MARKET IN COMDATA NETWORK<CDN> |
Nostalgia Network Inc said it signed an agreement with the ACTS Satellite Network to produce a series of two- and five-minute commercials of its home shopping service Collectible Showcase. It said the ACTS Network with more than six mln cable television subscribers will air the commercials approximately 28 times a week... | NOSTALGIA NETWORK <NNET> ADDS SUBSCRIBERS |
Nynex Corp said it is raising its quarterly dividend to 95 cts from 87 cts payable May 1 1987 to shareholders of record March 31. The company said this was the third consecutive year it has raised its quarterly cash dividend. It added it had a two-for-one stock split in May 1986. Reuter | NYNEX <NYN> INCREASES QTRLY CASH DIVIDEND |
Saudi Arabias Crown Prince Abdullah Ibn Abdulaziz said in remarks published today there would be important progress in the next few months on Arab and Islamic efforts to end the Iraq-Iran war. Prince Abdullah in an interview with the Kuwait magazine Al-Majalis carried by the official Saudi Press Agency (SPA) said: Impo... | PROGRESS TOWARD IRAQ-IRAN PEACE SEEN |
The Italian Treasury said it would offer 24500 billion lire of short-term Treasury bills (BOTs) at net rates lower than on the preceding issue. Three-month bills worth 3500 billion lire will be offered for competitive tender at a base price of 97.50 pct giving an effective annualised compound yield after tax of 9.87 pc... | ITALIAN TREASURY OFFER HAS LOWER RATES |
Vulcan Corp said it was discontinuing its efforts to negotiate a purchase of the common stock of Jones and Vining Inc. On February 6 Vulcan a Cincinnati maker of shoe lasts and other products offered five dlrs a share for all of Jones and Vining common subject to certain conditions. Vulcan said it is dropping the propo... | VULCAN <VUL> WITHDRAWS JONES/VINING <JNSV> BID |
Tempo Enterprises Inc said it signed a letter of intent to sell seven cable television systems representing about 5000 subscribers to <Eagle Cable>. Terms of the acquisition were not disclosed. Reuter | TEMPO <TPO> TO SELL CABLE SYSTEMS TO EAGLE |
Erbamont N.V. said its major shareholder <Montedison SpA> which owns 85 pct of its common and Farmitalia Carlo Erba its 75 pct owned subsidiary have acquired <Antibioticos S.A.> and related subsidiaries. Terms of the acquisition were not disclosed. Reuter | ERBAMONT <ERB> ACQUIRES ANTIBIOTICOS S.A. |
The cross field allowance relief on Petroleum Revenue Tax (PRT) announced by U.K. Chancellor of the Exchequer Nigel Lawson this week will favour smaller non-PRT paying fields according to stockbrokers Wood Mackenzie and Co. The cross field allowance offsets up to 10 pct of qualifying spending on a new oil field against... | UK CROSS FIELD PRT RELIEF FAVOURS SMALLER FIELDS |
Several leading farm-state Congressmen said they will press the U.S. Agriculture Department to implement some kind of marketing loan to make soybeans exports competitive while protecting farm income. Speaking at a House grains subcommittee hearing chairman Dan Glickman D-Kan. proposed that Congressmen and representativ... | CONGRESSMEN URGE U.S. SOYBEAN PROGRAM CHANGES |
There is no confirmation that Brazils major processors of Frozen Concentrated Orange Juice FCOJ will raise export prices of the product to 1375 dlrs per tonne from April 1 a spokesman for the Brazilian Association of Citrus Juice Industries (Abrassuco) said. Asked to comment on a report from New York that Cutrale and C... | RAISE IN BRAZIL FCOJ EXPORT PRICES NOT CONFIRMED |
Alden Electronics Inc said its board declared an annual dividend of 15 cts per share on Class A and B common stock down from 25 cts last year due to an expected drop in earnings for the year ended March 28. The dividend is payable April 15 to holders of record on April 3. Alden earned 1357000 dlrs last year. Reuter | ALDEN ELECTRONICS <ADNEA> SETS LOWER DIVIDEND |
Shr loss two cts vs profit 14 cts Net loss 2515000 vs profit 28569000 Sales 1.41 billion vs 885.2 mln Avg shrs 239.2 mln vs 104.4 mln Year Shr profit 33 cts vs profit 47 cts Net profit 83750000 vs profit 76130000 Sales 4.77 billion vs 2.81 billion Avg shrs 198.8 mln vs 98.3 mln Note: Current qtr and year figures includ... | WICKES COS INC <WIX> 4TH QTR LOSS |
A U.S. House Banking subcommittee approved a plan to seek negotiations with other industrialized countries for the purchase of developing country debt from commercial banks. The plan is expected to face opposition in the full House Banking Committee where approval must be obtained to send it on to the full House for a ... | U.S. HOUSE PLAN TO EASE LDC DEBT ADVANCES |
Coca-Cola Enterprises Inc said one of its key bottling subsidiaries is being investigated by a grand jury for possible price fixing violations of its soft drinks. In a filing with the Securities and Exchange Commission the company said its Mid-Atlantic Coca-Cola Bottling Co understands a federal grand jury in Norfolk V... | COKE<CCE> SAYS ITS UNIT ITS PRICING PROBE TARGET |
<Azure Ventures Ltd> said it signed a letter of intent to acquire John Paul Richards and Associates Inc. The company said if the merger is approved by shareholders of both companies the shareholders of John Paul Richards would become majority shareholders owning 60 pct of the common stock of the new public company. ... | AZURE VENTURES TO BUY ADVERTISING UNIT |
Scott and Stringfellow Financial Inc said it declared its first quarterly dividend of three cents per share payable April 15 to shareholders of record April one. Reuter | SCOTT <SCOT> DECLARES FIRST PAYOUT |
Jefferies Group Incs new chief executive Frank Baxter said the company intends to review its operations following the resignation of founder and chairman Boyd Jefferies but he has no immediate plans for changes Well be examining all our practices Baxter said in a telephone interview adding we do not expect any changes.... | NEW JEFFERIES <JEFG> CHIEF PLANS NO CHANGES |
Pacad Inc said it expects to have a written contract with Okamoto U.S.A. Inc to market condoms produced by its parent company <Okamoto Riklen Gomu Co Ltd> in the United States within 10 days. Yesterday Pacad said it has reached an agreement to enter into a contract with Okamoto adding we expect our condom sales to b... | PACAD <BAGS> SEES OKAMOTO CONTRACT IN A FEW DAYS |
Texas Commerce Bancshares Inc said that relatively stable oil prices and the banks planned merger with Chemical New York Corp <CHL> would help 1987 earnings increase from last years profits of 20 mln dlrs. Texas Commerce chairman Ben Love in an interview with Reuters did not elaborate on how much the bank expected e... | TEXAS COMMERCE <TCB> SEES IMPROVEMENT IN 1987 |
An additional margin of 1000 dlrs will be required on all July 1987 delivery coffee C contracts as of the opening of trade Monday March 23 the Coffee Sugar and Cocoa Exchange CSCE said. The March contract ends trading this week making May and July the two spot or unlimited contract months next week. Members will then h... | CSCE PUTS ADDITIONAL MARGIN ON JULY COFFEE |
U.S. Attorney Rudolph Giuliani said Boyd Jefferies former chairman of Jefferies Group Inc <JEFG> is cooperating with an investigation into violations of U.S. securities laws. The Jefferies firm said earlier today that Boyd Jefferies resigned and intends to plead guilty to two felony counts. Giulianis written stateme... | U.S. ATTORNEY SAYS BOYD JEFFERIES COOPERATING |
Americus Trust for American Telephone and Telegraph Co Shares Series 2 said it has reached its limit of 10 mln ATT <T> shares and has closed. The trust was scheduled to close April One. Common stock tendered into an Americus trust is converted into trust units on a one share for one unit basis. Each unit may be divi... | ATT AMERICAUS TRUST 2 <ATU> CLOSES EARLY |
Odyssey Filmpartners Ltd said is terminated discussions to acquire <United Color Labs> pursuant to a Jan 27 letter of intent for it to buy the company for stock and cash. Reuter | ODYSSEY FILMPARTNERS <ODYY> DROPS MERGER TALKS |
Victory Markets Inc is raising 60 mln dlrs through an offering of subordinated debentures due 1999 with a 12-1/2 pct coupon and par pricing said sole underwriter Drexel Burnham Lambert Inc. Non-callable for five years the debt is rated B-2 by Moodys Investors Service Inc. The issue was increased from an initial offerin... | VICTORY MARKETS <VMKT> SELLS DEBENTURES |
North American Philips Corp said Lyman Beggs has been named president of its Consumer Products Divisions. The company said Beggs formerly executive vice president of Tambrands Inc <TMB> succeeds Richard Kress who retired. The company said approximately 58 pct of the common stock of North American Philips is owned by... | NORTH AMERICAN PHILIPS <NPH> UNIT NAMES EXECUTIVE |
A 150 mln dlr issue of Mead Corp 30-year debentures was given a nine pct coupon and priced at par Smith Barney Harris Upham and Co Inc said as lead manager. The securities which are not callable for 10 years carry a rating of A-3 from Moodys Investors Service Inc and one of BBB-plus from Standard and Poors Corp. Mead s... | MEAD <MEA> SELLS DEBENTURES AT NINE PCT |
Dow Chemical Co said it will issue 100 mln New Zealand dollar denominated bonds worth approximately 56 mln U.S. dlrs at current exchange rates. It said the two-year bonds will offer a floating interest rate which will not be less than 17 pct in New Zealand dollars. Proceeds from the bonds issued under the companys shel... | DOW <DOW> TO ISSUE 56 MLN DLRS IN BONDS |
Beryl Sprinkel chairman of the presidents council of economic advisors said stronger domestic demand growth in Japan and Western Europe is needed to help stimulate U.S. exports without having to rely on futher dollar declines. Stronger domestic demand growth in the major foreign industrial countries is needed to engend... | SPRINKEL URGES GREATER GROWTH IN JAPAN, EUROPE |
Moodys Investors Service Inc said it may upgrade Fleet Financial Groups 1.1 billion dlrs of debt. Moodys cited Fleets announced merger with Norstar Bancorp Inc <NOR>. The rating agency said it will examine the degree to which the combined entity would have a more diversified earnings stream balanced funding structur... | FLEET FINANCIAL <FLT> MAY BE UPGRADED BY MOODY'S |
Newly privatised financial services group Cie Financiere de Paribas <PARI.PA> said it will call an extraordinary general meeting of shareholders for the authorisation to issue various share and bond issues over periods varying between one and five years. It said in the Official Bulletin it would seek permission to i... | PARIBAS TO SEEK SHARE, BOND ISSUES |
Allegheny International Inc said a consortium of banks which entered into long term and short term secured revolving credit agreements with the company last year has agreed to extend a previously granted waiver of certain financial net worth covenants to April 29 from March 18. The company said last week it was seeking... | ALLEGHENY INT'L <AG> BANKS EXTEND WAIVER |
Brown Transport Co said it expects to report record 1987 results with revenues increasing to 214 mln dlrs and earnings per share between 1.25 dlrs and 1.30 dlrs. Brown reported 1986 net income of 1.05 dlrs per share or 5.45 mln dlrs on revenues of 191.7 mln dlrs. Last week the company declared an initial quarterly divi... | BROWN TRANSPORT <BTCI> SEES RECORD 1987 NET |
Minnesota Mining and Manufacturing Co knows of no reason for the rise in its stock trading at 129 up 3-1/4 on the New York Stock Exchange a company spokeswoman told Reuters. She said the company had issued no news today that might account for the increase. Reuter | 3M <MMM> CANNOT ACCOUNT FOR STOCK RISE |
Bombay Palace Restaurants Inc with its emphasis on location and low food costs expects its 1987 sales to increase 150 pct to about 22 mln dlrs from about 8.5 mln dlrs in 1986 according to President Sant S. Chatwal. Chatwal told members of the Dallas financial community at a lunchtime briefing we go for prime locations ... | BOMBAY <CURY> BASES GROWTH ON LOCATION, COSTS |
AmeriTrust Corp said its board proposed a two-for-one split of its common subject to stockholder approval at its May 14 annumal meeting. The company also said it intends to recommend an increase in its annual regular dividend to at least two dlrs per share before the split beginning with the May dividend. The current a... | AMERITRUST <AMTR> PROPOSES 2-FOR-1 STOCK SPLIT |
International Lease Finance Corp is negotiating with <Airbus Industrie> for additional orders of A320 and A330 jets according to ILFC president Steven Udvar-Hazy. ILFC a commercial aircraft leasing concern last week set conditional orders with Airbus the European consortium for three short-haul A320s and three A330s... | INT'L LEASE FINANCE <ILFC> DISCUSSING AIRBUS ORDER |
OBrien Energy Systems Inc is raising 25 mln dlrs through an offering of convertible subordinated debentures due 2002 with a 7-3/4 pct coupon and par pricing said sole underwriter Drexel Burnham Lambert Inc. The debentures are convertible into the companys common stock at 10.925 dlrs per share representing a premium of ... | O'BRIEN ENERGY <OBS> SELLS CONVERTIBLE DEBT |
Qtly div 12 cts vs 10 cts previously Pay May 11 Record April 10 Reuter | FIRST FEDERAL OF MICHIGAN <FFOM> DIVIDEND HIKE |
United Jersey Banks said it plans to merge two of its southern New Jersey member banks into one 704 mln dlr organization. It said United Jersey Bank/Fidelity Bank based in Pennsauken will be merged into United Jersey Bank/South in order to improve customer service and maximize efficiency throughout the southern New Jer... | UNITED JERSEY BANKS <UJB> TO MERGE TWO BANKS |
U.S. EXPORTERS REPORT 900,000 TONNES CORN SOLD TO THE USSR FOR 1986/87 | |
Qtr ends Jan 31 Shr loss 38 cts vs loss 60 cts Net loss 1388000 vs 2181000 Revs 8199000 vs 6668000 NOTE: 1987 qtr includes tax gain 964000 for insurance claims. 1987 qtr also includes non-recurring expense 150000 for discontinued operations and consolidation of four distribution service centers. Reuter | HELDOR INDUSTRIES <HLDR> 1ST QTR LOSS |
U.S. EXPORTERS REPORT 350,000 TONNES CORN SWITCHED FROM UNKNOWN TO USSR FOR 1986/87 | |
U.S. EXPORTERS REPORT 143,000 TONNES CORN SOLD TO TAIWAN FOR 1986/87, 1987/88 | |
American Express Cos plan to sell a stake in its Shearson Lehman Brothers is believed to be a prelude to a public offering of shares in the brokerage unit analysts said. American Express earlier said it has a general understanding with Nippon Life Insurance Co of Japan to sell a 13 pct interest in Shearson for 530 mln ... | TALKING POINT/AMERICAN EXPRESS <AXP> |
RJR NABISCO INC NOMINATES J. PAUL STICHT AS CHAIRMAN | |
Yamakawa Manufacturing Corp of America said it began construction of a 17 mln dlrs manufacturing plant in Portland Tenn. The plant will produce metal parts for automobile manufacturers including Nissan Motor Manufacturing Corp USA. Long-term plans call for the addition of stamping capabilities and pressed plastic parts... | YAMAKAWA MANUFACTURING TO BUILD U.S. PLANT |
Liberalization of Italys foreign exchange controls should be gradual but also reasonably rapid a report issued by a study committee nominated by the Italian Treasury Ministry said. The report looking at the countrys financial development prospects said Italys large public sector deficit and growing public debt were amo... | ITALIAN PANEL URGES EXCHANGE LIBERALIZATION |
The U.S. Agriculture Department said private U.S. exporters reported new sales of 900000 tonnes of corn to the Soviet Union and 350000 tonnes of corn switched from previously announced unknown destinations to the USSR. The corn is for delivery during the 1986/87 marketing year and under the fourth year of the U.S.-USSR... | USDA REPORTS CORN SOLD TO USSR, TAIWAN |
The United Auto Workers has set a March 26 strike deadline at General Motors Corps Pontiac Mich. truck and bus plant a UAW spokesman said. The spokesman said in response to an inquiry that the 9000 UAW-represented workers at the facility will walk off the job at noon (EST) next Thursday if an agreement is not reached b... | UAW SETS STRIKE DATE AT GM <GM> TRUCK PLANT |
Caltex Petroleum Corp a joint venture between Chevron Corp <CHV> and Texaco Inc <TX> said it raised posted prices for several petroleum products in Singapore effective today. The company said its naphtha posting is up three cts a gallon to 43 cts. It said it is raising jet and kerosene postings 2.5 cts bringing j... | CALTEX RAISES SINGAPORE OIL PRODUCT PRICES |
Shr profit two cts vs profit two cts Net profit 216000 vs profit 265000 Revs 1661000 vs 1376000 12 mths Shr profit four cts vs loss two cts Net profit 528000 vs loss 290000 Revs 5881000 vs 5541000 NOTE: full name of company is pension insurance group of america inc. Reuter | PENSION INSURANCE GROUP <PGAI> 4TH QTR NET |
RJR Nabisco Inc said it nominated J. Paul Sticht to become chairman of the board replacing J. Tylee Wilson who will take early retirement. Sticht retired as chairman and chief executive officer of R.J. Reynolds Industries Inc in 1983. Stichts appointment will be voted on by RJRs board at its regular meeting on April 22... | RJR NABISCO <RJR> NOMINATES NEW CHAIRMAN |
First City Bancorp said two subsidiaries sold 54 mln dlrs of energy-related loans and loan participations to <Prudential-Bache Energy Growth Fund LP G-One>. The loans were made by First City National Bank of Houston and First City Energy Finance Co to energy-related entites that have had difficulty complying with Fi... | FIRST CITY BANCORP <FBT> SELLS ENERGY LOANS |
Subsets and Splits
No community queries yet
The top public SQL queries from the community will appear here once available.