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<ACS Systems Inc> said it has completed an initial public offering of 1722655 units consisting of one common share and one warrant per unit. ACS said two warrants entitle a holder to purchase one share of common stock at 1.50 dlrs a share exercisable 90 days from the effective date for a 36 month period. The company... | ACS SYSTEMS COMPLETES INITIAL PUBLIC OFFERING |
Mthly div 14.248 cts vs 4.912 cts prior Pay April 10 Record March 31 Reuter | FREEPORT-MCMORAN OIL AND GAS <FMR> PAYOUT RISES |
AMAX Inc said it has filed for an offering of 15757350 common shares including 757300 to be sold by Mitsui and Co Ltd <MITSY>. AMAX said it will offer 12607350 shares in the U.S. through underwriters led by First Boston Inc <FBC> along with American Express Cos <AXP> Shearson Lehman Brothers Inc subsidiary <... | AMAX <AMX> FILES TO OFFER 15.8 MLN SHARES |
Illinois Regional Bancorp said it is evaluating whether to affiliate with a larger bank holding company or continue to remain independent. The 500 mln dlr-asset bank holding company said that in view of recent investor interest in suburban Chicago banks it retained Merrill Lynch Capital markets to advise it on its alte... | ILLINOIS REGIONAL <ILLR> MULLS AFFILIATION |
Morgan Guaranty Ltd through a special financing subsidiary said it is issuing the first repackaging of perpetual floating rate notes consisting of a repackaging of an outstanding WestPac Banking Corp security. Trading in perpetual floating rate notes about 17 billion dlrs of which are outstanding has come to a virtual ... | MORGAN GUARANTY SELLS FIRST REPACKAGED PERPETUAL |
Treasury Secretary James Baker told a Senate Appropriations subcommittee there is still lots of room for improvement in government programs to crack down on tax cheating. I think were far from the point at which we reach saturation Baker said when asked at what point additional efforts to catch cheating become fruitles... | TREASURY'S BAKER SAYS TAX CHEATING UNDETECTED |
Sheldahl Inc said its directors approved a three-for-two stock split payable April 24 record April 3. Reuter | SHELDAHL <SHEL> VOTES THREE-FOR-TWO STOCK SPLIT |
Hechinger Co is raising 125 mln dlrs through an offering of convertible subordinated debentures due 2012 with a 5-1/2 pct coupon and par pricing said sole underwriter Morgan Stanley and Co Inc. The debentures are convertible into the companys common stock at 27.84 dlrs per share representing a premium of 28 pct over th... | HECHINGER <HECHA> SELLS CONVERTIBLE DEBENTURES |
Qtly div 19 cts vs 19 cts prior Pay April 15 Record April One Reuter | RUSS TOGS INC <RTS> SETS QUARTERLY |
The Bank of Finland said it has started dealings in banks certificates of deposits (CDs) with immediate effect and that it was prepared to issue its own paper to stimulate operations on the domestic money market. Bank of Finland Governor Rolf Kullberg told a news conference the Bank will also limit credits on the call ... | BANK OF FINLAND TO TRADE IN BANKS' CERTIFICATES |
Denmark is issuing a 200 mln ECU eurobond due April 23 1992 paying 7-1/4 pct and priced at 101-3/8 pct lead manager Morgan Stanley International said. The bond is available in denominations of 1000 10000 and 250000 ECU and will be listed in Luxembourg. Fees comprise 1-1/4 pct selling concession and 5/8 pct management a... | DENMARK ISSUES 200 MLN ECU EUROBOND DUE 1992 |
Japan will liberalize rules restricting their financial institutions ability to trade foreign financial futures contracts within the next two years Leo Melamed director of the Chicago Mercantile Exchanges CMEs executive committee said. Melamed also the head of Dellsher Investment Co Inc told a press conference yesterda... | U.S. FUTURES LEADER SEES TOKYO LIBERALIZING |
A trading link between the Chicago Board of Trade CBT and the London International Financial Futures Exchange LIFFE should be in operation by the beginning of next year CBT Chairman Karsten Mahlmann said. It could be the end of this year or the beginning of next year that the linkage could become operational Mahlmann t... | CBT SEES LIFFE LINK OPERATING BY EARLY 1988 |
Piedmont Aviation Inc said February cargo ton miles tose 33.9 pct to 4419923 from 3299686 a year earlier. It said year-to-date cargo ton miles rose 26.5 pct to 8504918 from 6720440 a year before. Reuter | PIEDMONT AIR <PIE> FEBRUARY FREIGHT TRAFFIC UP |
Carteret Savings Bank said it has completed the previously announced sale of six Virginia branches to Charter Federal Savings and Loan Association <CHFD>. Carteret said it has opened a retail banking office in Vienna Va. as the next step in its move to build a strong presence in the Washington D.C. Baltimore Md. are... | CARTERET SAVINGS<CBC> COMPLETES SALE OF BRANCHES |
The Federal Reserve is expected to intervene in the government securities market to add temporary reserves indirectly via 1.5-2.0 billion dlrs of customer repurchase agreements economists said. Federal funds which averaged 6.06 pct yesterday opened at 6-1/16 pct and remained there in early trading. Reuter | FED EXPECTED TO SET CUSTOMER REPURCHASES |
On-Line Software International Inc is raising 40 mln dlrs through an offering of convertible subordinated debentures due 2002 with a 6-1/4 pct coupon and par pricing said lead manager Drexel Burnham Lambert Inc. The debentures are convertible into the companys common stock at 27.61 dlrs per share representing a premium... | ON-LINE <OSII> SELLS CONVERTIBLE DEBENTURES |
U.S. TREASURY'S BAKER OPPOSES NEW TAX ON SECURITIES TRANSACTIONS | |
MEXICO SIGNS 7.7 BILLION DLR LOAN AGREEMENT WITH COMMERCIAL BANKS | |
U.S. FDA APPROVES BURROUGHS WELLCOME'S AZT TO TREAT CERTAIN AIDS PATIENTS | |
Treasury Secretary James Baker said he opposes a new tax on securities transactions. No he said when asked by a reporter whether he favored such a tax which has been advocated by House Speaker James Wright (D-Tex). He added Not unless you want to tax a whole bunch of little security holders which is not a good idea. Re... | U.S. TREASURY'S BAKER OPPOSES SECURITIES TAX |
The stock of McDonalds Corp rose sharply this morning after analyst Daniel Lee of Drexel Burnham Lambert Inc reiterated his recommendation of the stock traders said. McDonalds an operator of fast food restaurants rose 1-5/8 to 77-3/8. Comparable store sales are up 5.6 pct in 1986 vs 1985 Lee said and the stock is tradi... | MCDONALD'S <MCD> UP ON REAFFIRMED RECOMMENDATION |
Oper shr 14 cts vs four cts Oper net 2959000 vs 1103000 Sales 22.5 mln vs 25.2 mln Note: oper data does not include extraordinary gains of 3686000 dlrs or 17 cts per shr in current quarter and 975000 dlrs or eight cts per shr in year ago quarter from sales of certain marketable securities. Reuter | ICN PHARMACEUTICAL INC <ICN> 1ST QTR FEB 28 NET |
<Noranda Inc> has agreed to cut acid rain emissions by 50 pct at its Quebec copper smelter by 1990 with the federal and Quebec governments each providing 41.6 mln dlrs towards the cost the federal industry department said. Under an agreement Noranda will also be required to 41.6 mln Canadian dlrs and cover operating... | NORANDA WINS AID TO PARE ACID RAIN EMISSIONS |
American Federal Savings and Loan Association of Colorado said its board cut the quarterly dividend to 7-1/2 cts per share from 15 cts. The dividend is payable April 14 to holders of record March 31. The company said earnings will continue under pressure this year due to the weakness of the Colorado economy and a high ... | AMERICAN FEDERAL COLORADO <AFSL> HALVES PAYOUT |
Shr 4.50 dlrs vs 4.30 dlrs Net 637.4 mln vs 588.5 mln Revs 3.95 billion vs 4.10 billion Avg shrs 141.7 mln vs 136.9 mln Reuter | TEXAS UTILITIES CO <TXU> 12 MTHS FEB 28 NET |
Holiday Rambler Corp a unit of Harley-Davidson Inc said it filed with the Securities and Exchange Commission a registration statement covering a 70 mln dlr issue of subordinated notes due 1997. Proceeds will be used to repay 60 mln dlrs of debt. The remainder will be applied toward reducing any outstanding borrowings u... | HARLEY-DAVIDSON <HDI> UNIT TO SELL 10-YEAR NOTES |
Shr 15 cts vs nine cts Net 528000 vs 374000 Revs not given Year Shr 1.25 dlrs vs 42 cts Net 2853000 vs 1579000 Revs 55.3 mln vs 46.8 mln Note: shr after preferred dividends Reuter | <GUARDIAN TRUSTCO INC> 4TH QTR NET |
Enviropact Inc said it has signed a letter of intent to acquire Willms Trucking Co Inc for about 12.5 mln dlrs with completion expected in 45 days. In the year ended September 30 Willms had revenues of about 15 mln dlrs. It transports hazardous waste sand and gravel. Reuter | ENVIROPACT <VIRO> TO MAKE ACQUISITION |
Oper shr loss 23 cts vs profit 16 cts Oper loss 1868000 vs profit 1293000 Revs 183000 vs 3400000 Note: Oper data does not include year ago extraordinary gain of 750000 dlrs or nine cts per shr. Reuter | VIRATECK INC <VIRA> 1ST QTR FEB 28 OPER LOSS |
Mexican officials and representatives of about 360 creditor banks worldwide started to sign agreements for 7.7 billion dlrs in new loans Citibank said as co-chairman of Mexicos bank advisory committee. The package which was agreed in principle with the committee last October 16 is built on a core loan of six billion dl... | MEXICO SIGNS 7.7 BILLION DLR LOAN AGREEMENT |
Qtly div 20 cts vs 20 cts prior Pay May 20 Record May Four Reuter | PARKWAY CO <PKWY> SETS QUARTERLY |
Companies will henceforth be able to own stakes in banks but these should not constitute a dominant holding an Italian government committee ruled. The Interministerial Committee on Credit and Savings headed by Treasury Minister Giovanni Goria said its decision reflected the need to safeguard the principle of separation... | ITALY SETS RULES FOR COMPANY HOLDINGS IN BANKS |
Shr 58 cts vs 57 cts Net 4313000 vs 3824000 Sales 72.8 mln vs 61.5 mln Avg shrs 7492000 vs 6740000 Year Shr 1.33 dlrs vs 1.23 dlrs Net 9592000 vs 8257000 Sales 226.4 mln vs 184.4 mln Avg shrs 7228000 vs 6740000 Reuter | PARISIAN INC <PASN> 4TH QTR JAN 31 NET |
Qtr ended Feb 28 Oper shr 31 cts vs 14 cts Oper net 3203000 vs 1357000 Revs 13.0 mln vs 15.6 mln Note: Oper data does not include year ago extraordinary gain of 821000 dlrs or eight cts per shr. Reuter | SPI PHARMACEUTICALS INC <SPIP> 1ST QTR OPER NET |
<Guardian Trustco Inc> earlier reporting a 198 pct increase in full year earnings per share said the outlook for 1987 is more modest. The company said it has started a number of long-term growth projects which have a payback period exceeding one year. Guardian Trustco did not give a specific earnings forecast. The c... | GUARDIAN TRUSTCO SEES MODEST 1987 OUTLOOK |
<Cogeco Inc> said it agreed to acquire 100 pct of Quebec City radio station CJMF-FM and will issue subordinated voting shares of the company to cover a portion of the purchase price. It said the purchase price and other terms of the transaction have not been disclosed. The transaction is subject to approval of the C... | COGECO BUYS FM STATION, PLANS SHARE ISSUE |
NESTLE 1986 NET 1.79 BILLION SWISS FRANCS VS 1.75 BILLION, DIV UNCHANGED 145 FRANCS | |
Shr loss 50 cts vs profit one ct Net loss 4419000 vs profit 276000 Sales 126.8 mln vs 151.3 mln Nine mths Shr loss 42 cts vs profit 1.27 dlrs Net loss 3160000 vs profit 11.2 mln Sales 429.9 mln vs 477.5 mln NOTE: Current year net includes tax credits of 2164000 dlrs in quarter and 328000 dlrs in nine mths. Reuter | TEXAS INDUSTRIES INC <TXI> 3RD QTR FEB 28 NET |
General Electric Co said its researchers will investigate the potential of a gas turbine powered by the combustion gases of burning coal. The company said the research is part of a five-year 19.1 mln dlr program supported by the U.S. Energy Departments Morgantown Energy Technology Center. The center is expected to put ... | GE <GE> TO RESEARCH COAL-FIRED GAS TURBINE POWER |
Westcorps Western Financial Auto Loans 2 Inc said it has commenced an offering of 125 mln dlrs of AAA-rated automobile receivable collateralized bonds. The bonds will be due March 1 1990 and are priced at 99.9375 pct to yield 6.86 pct. This is the third such offering the company has made and the second in the past four... | WESTCORP <WCRP> UNIT OFFERS AUTO BONDS |
First City Bancorporations sale of 54 mln dlrs in oil loans to Prudential-Bache should significantly reduce its energy problems but the banks losses are still virtually guaranteed to continue analysts said. The package of energy loans was sold at book value so First City did not to show a gain or loss said bank spokesm... | TALKING POINT/FIRST CITY BANCORPORATION <FBT> |
SUNSHINE MINING CO 4TH QTR SHR LOSS 64 CTS VS LOSS 57 CTS | |
 CORRECTION - ROME - ITALIAN JANUARY PRODUCTION In story headlined ITALIAN JANUARY INDUSTRIAL OUTPUT FALLS 3.4 PCT in second paragraph please read ... The fall follows ... (changing rise to fall) REUTER  | |
Cray Research Inc said Standard Oil Production Co a Dallas-based subsidiary of Standard Oil Co will lease its CRAY X-MP/28 supercomputer with an SSD solid state storage device. The leased system will be installed in the second quarter of 1987 and replace a CRAY X-MP/24 computer system in operation since 1984 it said. R... | STANDARD OIL <SRD> LEASES CRAY <CYR> COMPUTER |
Qtly div 15 cts vs 15 cts prior qtr Pay 6 May Record 8 April Reuter | GRACO INC <GGG> VOTES QUARTERLY DIVIDEND |
Audio/Video Affiliates Inc said it has filed suit against <Dixons Group PLC> Cyclops Corp Alleghany Corp <Y> and others in connection with Dixons recently completed tender offer in which it raised its ownership of Cyclops to 56 pct. The company said the suit filed in U.S. District Court for the Southern District ... | AUDIO/VIDEO <AVA> SUES OVER CYCLOPS <CYL> BID |
Standard and Poors Corp said it cut to BBB-plus from A-minus Data General Corps 184 mln dlrs of senior debt. S and P cited expectations of continued profit pressure for this maker of minicomputer products. The rating agency noted that incoming orders remain lackluster and will probably inhibit any significant rebound i... | DATA GENERAL <DGN> DEBT DOWNGRADED BY S/P |
<Dixons Group PLC> said the Securities and Exchange Commission has authorized but not commenced the filing of an action against it concerning its waiver of a condition in its tender offer for Cyclops Corp. Dixons has offered to buy about 80 pct of Cyclops shares. The SEC action deals with a waiver by Dixons of a con... | DIXONS SAYS SEC MOVING ON CYCLOPS <CYL> TENDER |
Fedders Corp said an offering of 1500000 shares of 1.75 dlr convertible exchangeable preferred stock is under way at 25 dlrs per share through underwriters led by Bear Stearns Cos Inc <BSC>. The preferred is convertible at any time into common stock at 9.50 dlrs a share and is exchangeable after two years at Fedders... | FEDDERS <FJQ> OFFERS PREFERRED STOCK |
REAGAN SAYS HE WILL VETO HIGHWAY AND TRANSIT BILL | |
Shr loss 64 cts vs loss 57 cts Net loss 34.9 mln vs loss 22.1 mln Revs 31.5 mln vs 60.2 mln Avg shrs 60.1 mln vs 45.2 mln Year Shr loss 2.27 dlrs vs loss 1.66 dlrs Net loss 103.2 mln vs loss 57.6 mln Revs 129.8 mln vs 169.5 mln Avg shrs 51.2 mln vs 38.1 mln NOTE: Per share results after preferred dividend requirements ... | SUNSHINE MINING CO <SSC> 4TH QTR LOSS |
The Food and Drug Administration has approved Burroughs Wellcome Cos AZT as a treatment to help certain AIDS patients including those with advanced-AIDS related complex. The drug is the first approved treatment for AIDS in the U.S. AZT or azidothymidine will be marketed as Retrovir by the company the U.S. arm of Britai... | FDA OKAYS BURROUGHS WELLCOME AZT AS AIDS TREATMENT |
Belding Heminway Co Inc said Bruce Hausman has resigned as senior vice chairman and chairman of the executive committee to pursue personal interests in real estate and other investments but will remain on the board. Reuter | BELDING HEMINWAY <BHY> OFFICIAL RESIGNS |
Shr loss not given Net loss 1300000 Sales 3300000 NOTE: Company incorporated in June 1985. Fourth quarter loss 895000 dlrs. Reuter | SCAT HOVERCRAFT INC <SCAT> YEAR LOSS |
Standard and Poors Corp said it downgraded to CCC-plus from B-minus Hyponex Corps 30 mln dlrs of subordinated debt. It assigned a CCC-plus rating to Hyponexs 150 mln dlrs of senior subordinated debentures due 1999 that were priced Wednesday for offering. The implied senior debt rating is B. S and P cited an increase in... | HYPONEX <HYPX> DEBT DOWNGRADED BY S/P |
Div 145 Swiss francs per share and 29 francs per participation certificate (unchanged) Net 1.79 billion vs 1.75 billion Shr 526 vs 515 Turnover 38.05 billion vs 42.23 billion Addition to reserves 170 mln vs 95 mln. Reuter | NESTLE SA <NESZ.Z> YEAR 1986 |
President Reagan said he will veto an 87.5 billion dlr highway and transit bill citing his commitment to hold to spending cuts to meet budget deficit reduction goals. I am adamantly opposed to the excessive spending that is in the bill as it emerged from a (House-Senate) conference committee he said in a statement. Whi... | REAGAN TO VETO 87.5 BILLION DLR HIGHWAY BILL |
Automatic Data Processing Inc said it and Merrill Lynch and Co Inc have reached agreement on detailed specifications in their previously-announced development project for a customized quote service system. If the development plans proceed as projected Automatic Data Processing will start a rollout to Merrill Lynchs 600... | AUTOMATED DATA <AUD>, MERRILL <MER> IN AGREEMENT |
The Commodity Exchange Inc COMEX is researching the possibility of offering futures contracts on foreign currency swaps and Ginnie Mae repurchase agreements a COMEX consultant said. Kurt Dew president of Risk Analysis Systems said the idea was on the drawing board at the staff level and not near realization. Dew said t... | COMEX CONSIDERING NEW FUTURES CONTRACTS |
Qtly div 22 cts vs 22 cts prior Pay April 10 Record March 30 Reuter | SOUTHEAST BANKING CORP <STB> SETS QUARTERLY |
Shr loss one ct vs profit five cts Net loss 34496 vs profit 207165 Rev 102691 vs 297813 Nine months Shr profit one ct vs profit five cts Net profit 69018 vs profit 230188 Rev 641823 vs 666319 NOTE: The company was delisted from the NASDAQ in November 1985. Third qtr 1986 net includes extraordinary credit of 76400 dlrs ... | BALANCE COMPUTER CORP 3RD QTR JAN 31 LOSS |
Analyst Thomas McCrann of Merrill Lynch said he reiterated a buy recommendation of Wang Laboratories Inc noting that a successful cost cutting campaign could reduce the earnings loss expected for the third quarter ending in March. Wang was the most actively traded stock on the American Stock Exchange rising 3/4 to 16-5... | RECOMMENDATION REITERATED ON WANG LABS <WANB> |
FED SAYS IT SETS 1.5 BILLION DLRS OF CUSTOMER REPURCHASE AGREEMENTS | |
Cable and Wireless Plc <CAWL.L> is resisting attempts to merge two Japan-based telecommunications firms in the hope that overseas political pressure will force a change in those plans a company executive said. Cable and Wireless which holds a 20 pct stake in one of the two Japanese firms is opposed to plans to reduc... | JAPAN, BRITAIN DISAGREE ON TELECOM MERGER |
Qtly div 35 cts vs 35 cts prior Pay April 15 Record March 31 NOTE: Winthrop Insured Mortgage Investors II. Reuter | WINTHROP INSURED MORTGAGE II <WMI> SETS PAYOUT |
West Germanys money supply growth slowed in February after Januarys sharp rise but the trend is still definitely upward the Bundesbank said in a statement. Growth in the traditionally broad M3 aggregate was only moderate in February. While cash in circulation deposits with statutory withdrawal notice and sight deposits... | GERMAN MONEY SUPPLY GROWTH SLOWS IN FEBRUARY |
Qtly div 15 cts vs 15 cts prior Pay May 29 Record March 31 Reuter | ENTEX ENERGY DEVELOPMENT LTD <EED> SETS PAYOUT |
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 6-1/16 pct when the Fed began its temporary and indirect supply of reserves to the banking system. Reuter | FED ADDS RESERVES VIA CUSTOMER REPURCHASES |
Duff and Phelps said it lowered its rating on Delmarva Power and Light Co first mortgage bonds to DP-3 (middle AA) from DP-2 (high AA) and on preferred stock to DP-4 (low AA) from DP-3 affecting approximately 646 mln dlrs in debt securities. The rating change reflects expectations of lower fixed charge coverages and lo... | DUFF/PHELPS LOWERS DELMARVA POWER AND LIGHT<DEW> |
The European Community Commission has charged the United States with breaking international trade rules by excluding Dutch-made fibres from the U.S. Market and said it would take the issue to the world trade body GATT. In the latest of a series of trade disputes with Washington the executive authority alleged that a se... | EC SAYS U.S. BROKE TRADE RULES IN AKZO-DUPONT ROW |
MOODY'S DOWNGRADES STANDARD CHARTERED PLC, AFFECTS 1.6 BILLION DLRS OF DEBT | |
U.S. AGENCY TO ALLOW U.S. AIR TO BUY 51 PCT OF PIEDMONT PENDING FINAL OKAY OF MERGER | |
Shr loss six cts vs loss 88 cts Net loss 128141 vs loss 1298377 Sales 1332218 vs 385146 Year Shr profit six cts vs loss 1.47 dlrs Net profit 120571 vs loss 2171011 Sales 4617034 vs 2959141 Reuter | FINAL TEST INC <FNLT> 4TH QTR LOSS |
<Houston Metals Corp> said the the first phase of the underground rehabilitation extensive drilling and bulk sampling program at its Silver Queen Mine has yielded positive results. Houston said representative assays from the 2750 ft and 2600 ft levels at the south end of the mine established ore deposits in the foll... | HOUSTON METALS' MINE YIELDS POSITIVE RESULTS |
Qtly div 30 cts vs 30 cts prior qtr Pay 15 April Record 1 April Reuter | MICHIGAN NATIONAL CORP <MNCO> VOTES DIVIDEND |
British Prime Minister Margaret Thatcher came under fresh pressure for an early election today as financial indicators bolstered the governments forecasts of a boom in the economy following the budget earlier this week. Two of the countrys leading lending institutions announced cuts in home loans rates following Wednes... | PRESSURE BUILDS ON THATCHER TO CALL ELECTION |
Electronic Mail Corp of America has completed financing arrangements in the amount of 200000 dlrs. It also announced its president J.R.Moman resigned last Friday. Joshua Graham chairman and chief executive officer will assume the role of president the company said. Electronic said the refinancing was done through a gro... | ELECTRONIC MAIL<EMCAC> REFINANCES, PRESIDENT QUITS |
<Banque de lUnion Europeenne> said it signed a cooperation agreement with the Soviet Unions central bank <Gosbank> and Foreign Trade Bank <Vneshtorgbank> with the aim of creating a joint financial holding under new Soviet joint venture laws. Jean-Paul Dessertine international director at BUE said the function ... | FRANCE'S BUE SIGNS SOVIET COOPERATION ACCORD |
Lotus Development Corp and MCI Communications Corp said they made the first shipment of Lotus Express for MCI Mail a communications-software product that enables personal computer users to exchange messages send telexes and transfer files. Lotus Express was announced last December and was shipped on schedule the compan... | LOTUS <LOTS>, MCI <MCIC> SHIP SOFTWARE PACKAGE |
Commerce Group Corp said its common stock will begin trading March 23 on NASDAQ under the symbol CGCO. The company is doing preliminary work necessary to the actual extraction of gold from the San Sebastian Gold Mine in El Salvador Central America. Commerce said it and San Sebastian Gold Mines Inc have concession right... | COMMERCE GROUP <CGCO> TO START TRADE ON NASDAQ |
Qtly div four cts vs four cts prior Pay April 15 Record March 31 . Reuter | AUTOCLAVE ENGINEERS INC <ACLV> QTLY DIVIDEND |
Texaco Inc said it has formed a new Frontier Exploration Department to initiate and evaluate high-potential frontier opportunities for Texaco worldwide. Reuter | TEXACO <TX> FORMS A NEW EXPLORATION DEPARTMENT |
WASTE MANAGEMENT AMENDS CHEMLAWN OFFER, RAISING IT TO 35 DLRS A SHARE FROM 33 DLRS | |
AMERICAN MOTORS SAID DIRECTORS TOOK NO ACTION ON CHRYSLER PROPOSAL, POSTPONES ANNUAL MEETING | |
COMPUTER SCIENCES IN TALKS WITH NASA FOR ONE BILLION DLR CONTRACT | |
Moodys Investors Service Inc said it downgraded 1.6 billion dlrs of debt of Standard Chartered PLC and its units Standard Chartered Bank and Union Bancorp. Moodys cited concerns over the asset quality of Standard Chartered Bank. Cut were the parents junior subordinated debt to A-3 from A-2 and Standard Chartered Banks ... | MOODY'S DOWNGRADES STANDARD CHARTERED <STCH> |
The government said it will freeze prices at end-December levels within five days. The announcement followed a wave of strikes that swept the country in protest against a wages freeze. The government in a statement through the official Tanjug news agency said the freeze would affect food consumer goods tools textiles a... | YUGOSLAVIA FREEZING PRICES AFTER STRIKES |
Waste Management Inc said it amended its offer to buy the outstanding shares of ChemLawn Corp to 35 dlrs a share. On Thursday the company said it was prepared to bid 33 dlrs a share up from its original 27 dlrs a share offer. As a result of the price increase made through Waste Managements wholly owned subsidiary WMX A... | WASTE MANAGEMENT<WMX> HIKES CHEMLAWN <CHEM> BID |
Unit loss 4.36 dlrs vs loss 4.27 dlrs Net loss 37.4 mln vs 32.9 mln Revs 19.3 mln vs 30.3 mln Avg units 8413000 vs 7557000 Note: Net includes writedown of oil and gas properties of 21.0 ln dlrs vs 16.5 mln dlrs and writedown of geothermal property of 10.4 mln dlrs vs 10.5 mln dlrs. Reuter | ENTEX ENERGY DEVELOPMENT LTD <EED> YEAR LOSS |
The Department of Transportation said it will allow USAIR Group to acquire up to 51 pct of Piedmont Aviation <PIE> voting stocks pending final approval of the proposed merger of the two airlines. The agency said the stock would have to be held in a voting trust controlled by an independent trustee. An agency spokesm... | U.S. SAYS USAIR <U> MAY BUY 51 PCT OF PIEDMONT |
The Agriculture Department is not considering any major changes in its pricing system for posted county prices an Agriculture Department offical said. We do not have current plans to make any major adjustments or changes in our pricing said Bob Sindt USDA assistant deputy administrator for commodity operations. U.S. gr... | USDA NOT PLANNING ANY MAJOR PRICING CHANGES |
Duff and Phelps said it lowered the ratings on Atlantic City Electric Co first mortgage bonds collateralized pollution control revenue bonds and debentures to DP-5 (high A) from DP-4 (low AA) and preferred stock to DP-6 (middle A) from DP-5 affecting about 500 mln dlrs in debt. The rating change is a result of a New Je... | DUFF/PHELPS LOWERS ATLANTIC CITY ELECTRIC <ATE> |
Chadian troops killed 384 Libyans and captured 48 in fighting near the key Libyan air base of Ouadi Doum in northern Chad a Chadian government statement said. The statement issued by Chads Paris embassy said government troops had completely annihilated a Libyan column yesterday some 45 km (28 miles) from the Libyan bas... | CHAD SAYS IT KILLED 384 LIBYANS IN BATTLE |
AFFILIATED PUBLICATIONS TO BUY BILLBOARD PUBLICATIONS FOR 100 MLN DLRS | |
American Motors Corp said its directors reviewed a Chrysler Corp merger proposal but took no action on it. The company said its directors met in New York today at a regularly scheduled meeting. The boards review is continuing with the companys independent legal and financial advisers American Motors said in a statement... | AMC <AMO> TAKES NO ACTION ON CHRYSLER <C> BID |
Nestle SA <NESZ.Z> said it would seek shareholder approval to issue participation certificates up to 20 pct of share capital instead of the current limit of 10 pct. It said it wanted this authorisation in view of future certificate issues. Nestles nominal capital amounts to 330 mln Swiss francs. Nestle reported net ... | NESTLE SEEKING AUTHORISATION FOR CERTIFICATE ISSUE |
 CORRECTION - TALKING POINT/FIRST CITY In fourth take of Houston Talking Point on FIRST CITY BANCORPORATION <FBT> please read loan portfolio amount as 9.9 billion dlrs. (Corrects figure)  | |
Thermo Electron Corp said it filed with the Securities and Exchange Commission a registration statement covering a 75 mln dlr issue of convertible subordinated debentures due 2012. Proceeds will be used principally for acquisitions of companies that complement or expand Thermos existing line of business and for general... | THERMO ELECTRON <TMO> TO SELL CONVERTIBLE DEBT |
Astrocom Corp said it added two new products aimed at improving on-premise data network efficiency. Its ATDM/MS six-port time-division multiplexor is designed to combine and send data from up to 18 remove terminals on a single transmission link to the controller in the central network. The other product the Squeeziplex... | ASTROCOM <ACOM> ADDS NEW NETWORKING PRODUCTS |
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