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General Public Utilities Corp said the water-clarity problem delaying the removal of fuel from the damaged Unit Two of the Three Mile Island nuclear power plant appears to have been resolved. The company said the slower than expected removal of the fuel which has been primarily due to the water-clarity problems is now ... | GPU <GPU> SEES TMI-2 FUEL PROBLEMS RESOLVED |
Echlin Inc said it expects further earnings increases for the second half of fiscal 1987 ending in August due to unit sales growth and improved operations. As expected market conditions have improved so that demand for automotive replacement parts is gradually and steadily expanding Echlin president Frederick Mancheski... | ECHLIN<ECH> EXPECTS CONTINUED PROFIT GROWTH |
American Telephone and Telegraph Co chairman James E. Olson said he is very pleased with the companys efforts so far to cut costs. He told a meeting of securities analysts that although the company is not yet at point in its cost-cutting drive to improve profit margins it is on the right track. Olson said ATTs cash flo... | ATT <T> COST-CUTTING EFFORTS ON TARGET |
<Hudsons Bay Co> said a writeoff of 40.4 mln dlrs or 1.39 dlrs per share that it took in 1986 was mainly due to its investment in Dome Petroleum Ltd <DMP>. The company reported an operating profit of 33.0 mln dlrs or 32 cts per share for fiscal 1986 compared to an operating loss of 9055000 dlrs or 1.23 dlrs per s... | HUDSON'S BAY WRITEOFF MAINLY DUE TO DOME STAKE |
French bank Credit Lyonnais said it signed a protocol of agreement with the Soviet Union to establish a joint financial group to help set up and finance joint ventures between the Soviet Union and western firms. It said in a statement it signed the agreement here with the Soviet central bank (Gosbank) and foreign trade... | CREDIT LYONNAIS SIGNS USSR JOINT VENTURE PACT |
President Reagan is to nominate John Shad chairman of the Securities and Exchange Commission SEC as ambassador to the Netherlands the White House said today. Shad 63 a former executive with the Wall Street firm of E.F. Hutton and Co. would succeed L. Paul Bremer now the State Departments chief counter-terrorism expert.... | SEC HEAD NOMINATED U.S. AMBASSADOR TO NETHERLANDS |
Japan has agreed to drop barriers to American-caught herring and pollock opening the way for shipments that could reach 300 mln dlrs annually U.S. Trade Representative Clayton Yeutter announced. Yeutter said the accord was reached after extensive bilateral negotiations that ended earlier today in Tokyo. He said the Com... | JAPAN OPENS HOME MARKET TO U.S. FISH |
First Union National Bank of Florida a unit of First Union Corp said it has electronically linked its Florida and North Carolina 24-hour banking machines. The bank said the service which starts April 15 will let First Union customers make withdrawals and balance inquiries at any of its locations in Florida and North Ca... | FIRST UNION <FUNC> BANKS ELECTRONICALLY LINKED |
REAGAN WILL NOMINATE SEC CHAIRMAN SHAD AS AMBASSADOR TO NETHERLANDS | |
AMERICAN EXPRESS SAID IT GETS SEC SUBPOENA ON DEALINGS WITH FIREMAN'S FUND, AMERICAN EXPRESS | |
SHEARSON LEHMAN GETS SEC SUBPOENA ON TRANSACTIONS WITH JEFFERIES AND OTHERS | |
First Financial Management Corp said it acquired the data processing contracts and certain related assets of Tel-A-Data L.P. for about 5.7 mln dlrs cash plus the assumption of certain liabilities of about 2.5 mln dlrs. Tel-A-Data serves about 50 bank and thrift institutions through a processing center in Lombard Illino... | FIRST FINANCIAL <FFMC> ACQUIRES TEL-A-DATA |
Qtly div six cts vs six cts prior Pay April 10 Record March 31 Reuter | MCM CORP <MCMC> SETS QUARTERLY |
Oper shr loss 22 cts vs loss 20 cts Oper net profit 1013000 vs profit 2219000 Sales 77.0 mln vs 74.0 mln Avg shrs 5107401 vs 5361793 Reuter | THACKERAY CORP <THK> YEAR LOSS |
U.S. FEB BUDGET DEFICIT 28.37 BILLION DLRS VS YEAR AGO DEFICIT 24.58 BILLION | |
Genisco Technology Corps Genisco Peripheral Systems unit said it set a pact with Westward Technology Ltd based in England to exchange technology efforts and grant mutual distribution rights to a variety of computer graphics products. Under the pact Westard and Genisco will sell both companies graphics products in Europ... | GENISCO TECHNOLOGY <GES> UNIT SETS PACT |
There are heightened fears that El Nino may be returning to Peru with an intensity approaching the 1983 disaster which affected the weather on several continents and caused widespread damage through floods and drought the U.S. Agriculture Departments officer in Lima said in a field report. Continued heavy rains in the ... | CONCERN OVER "EL NINO" IN PERU - USDA REPORT |
<Allied-Lyons PLC> will report substantial growth in the second half of fiscal 1987 ended March 7 chairman Derrick Holden-Brown said in answer to reporters queries. You will certainly see substantial growth in Allied-Lyons in the second half Holden-Brown said following a presentation to Toronto securities analysts. ... | ALLIED-LYONS SEES SUBSTANTIAL SECOND HALF GROWTH |
FIRST INTERSTATE BANCORP FILES SHELF REGISTRATION FOR 1.5 BILLION DLRS IN DEBT SECURITIES | |
U.S. FROZEN ORANGE JUICE STOCKS - MARCH 1 102,618,000 GALLONS VS 97,111,000 YEAR AGO | |
U.S. COLD STORAGE STOCKS - MARCH 1 FROZEN PORK BELLIES - LBS - 34,471,000, VS A REVISED 34,900,000 ON FEB 1 AND 51,218,000 A YEAR AGO. | |
Shr 82 cts vs 63 cts Net 1661000 vs 1251000 Revs 14.8 mln vs 11.6 mln Reuter | <DRYCLEAN USA> YEAR NET |
The U.S. budget was in deficit 28.37 billion dlrs in February up from a deficit of 24.58 billion dlrs in February 1986 the Treasury Department said. Last months deficit compared with a January deficit of 2.17 billion dlrs. For the fiscal year to date the budget was in deficit by 93.92 billion dlrs compared with 106.2 b... | U.S. BUDGET DEFICIT 28.37 BILLION DLRS IN FEB |
Chicago Mercantile Exchange floor traders immediate reaction to the cold storage report for pork bellies was neutral to slightly negative. Frozen pork belly stocks at 34.5 mln lbs on March 1 compared with a revised 34.9 mln lbs on February 1 for a net out movement of 0.5 mln lbs. The number on hand compared with trade ... | COLD STORAGE REPORT FOR BELLIES NEUTRAL/NEGATIVE |
American Express Co said it was subpoenaed by the Securities and Exchange Commission in connection with documents on transactions in securities of American Express and its former unit Firemans Fund. American Express said its brokerage unit Shearson Lehman Brothers Inc was also served with a subpoena. Shearson acted as ... | AMERICAN EXPRESS <AXP> AND UNIT GET SUBPOENAS |
Standard and Poors Corp said it raised to A-1 from A-2 American Security Corps commercial paper. S and P also upgraded to A and A-1 from BBB-plus and A-2 respectively the certificates of deposit of American Securitys lead bank American Security Bank N.A. The rating agency said the actions reflected the firms merger wit... | S/P UPGRADES AMERICAN SECURITY <ASEC> AND UNIT |
Bally Manufacturing Corps proposed public offering of 24 pct of its Health and Tennis Corp unit is seen as the first step towards the sale of the entire unit analysts said. In the longer-term horizon Bally wants to concentrate on its gaming businesses said analyst Dennis Forst of Seidler Amdec Securities Inc. Last week... | BALLY <BLY> SEEN SELLING OFF HEALTH UNIT |
Commercial Credit Co said its American Health and Life Insurance Co sold its ordinary life insurance business to American National Insurance Co <ANAT>. American National will assume the business no later than August 31 1987 Commercial Credit said. The sale is part of a restructuring program begun by Commercial Credi... | COMMERCIAL CREDIT <CCC> UNIT SELLS DIVISION |
MORGAN STANLEY SAYS IT ENTERED MARKET ON CLOSE ORDERS TOTALING 1.1 BILLION DLRS | |
Delta Air Lines <DAL> said a court order requiring Western Air Lines <WAL> to arbitrate with two of its unions will not delay the April 1 merger between the two airlines. The order which was issued by the Ninth Circuit Court of Appeals requires Western to discuss with its two unions whether Westerns labor contrac... | DELTA SAYS COURT ORDER WILL NOT DELAY MERGER |
OKC Limited Partnership said the Fifth Circuit U.S. Court of Appeals has affirmed a partial summary judgment renedered against it and for Phillips Petroleum Co <P> by the U.S. District Court for the Eastern District of Louisiana. OKC said it plans to seek a rehearing. The company said Phillips is due 21.5 mln dlrs p... | OKC <OKC> SAYS APPEALS COURT UPHOLDS RULING |
Centrust Savings Bank said it will recapitalize its common stock at the close of business today converting each share of outstanding common into 0.5 share of common and 0.5 share of series one participating stock. Centrust said its shareholders previously approved the recapitalization at a meeting held on February 20 1... | CENTRUST SAVINGS <DLP> TO RECAPITALIZE STOCK |
A financial newsletter which reported last November that car maker Volkswagen AG <VOWG.F> lost large sums in currency transactions alleged that unnamed banks had circumvented banking regulations with help from VWs foreign exchange department. VW had no immediate comment and there was nothing in the report by the new... | BANKS HAD EXCESS POSITIONS WITH VW - NEWSLETTER |
The Soviet Unions winter grain crop is likely to have suffered losses due to dry planting conditions last fall and severe cold this winter an analyst of world weather and crop conditions said. Grain analyst and meteorologist Gail Martell author of the EF Hutton publication Global Crop News said in her latest report tha... | ANALYST SAYS USSR WINTER GRAINS HURT BY WEATHER |
Integrated Generics Inc said it is discussing with an unnamed pharmaceutical distributor the sale of 10 pct of its A.N.D.A. Development Corp subsidiary for 200000 dlrs. Integrated said its subsidiary Biopharmaceutics is negotiating with the same unnamed distributor to sell it five prescription drugs. The company said i... | INTEGRATED GENERICS <IGN> MAY SELL 10 PCT OF UNIT |
Morgan Stanley and Co <MS> said it entered market-on-close orders totaling 1.1 billion dlrs for stocks in the Major Market Index and Standard and Poors 500 stock index. Morgan Stanley said its orders were entered in accordance with Securities and Exchange Commission and New York Stock Exchange requirements. The firm... | MORGAN STANLEY <MS> HAS MARKET-ON-CLOSE ORDERS |
Additional capital inflows of 1.5 billion dlrs so far this year have boosted Mexicos reserves to about eight billion dlrs director of public credit Angel Gurria told reporters. Money has been coming back to Mexico because of improved investor confidence and because a tight monetray policy has forced credit-starved indu... | MEXICO'S RESERVES REACH EIGHT BILLION DLRS |
First Interstate Bancorp said it has filed a shelf registration with the Securities and Exchange Commission for up to 1.50 billion dlrs principal amount of its debt securities. The filing consists of 1.00 billion dlrs of senior debt securities and 500 mln dlrs of subordinated debt securities including capital securitie... | FIRST INTERSTATE BANCORP <I> FILES DEBT OFFER |
Navistar International Corps stock rose after brokerage house Sanford C. Bernstein and Co raised its earnings estimate of the company based on expectations of better truck orders and truck tonnage traders said. Navistar led the active list with a gain of 1/4 to 7-1/4 on volume of 4.2 mln shares. Traders familiar with t... | NAVISTAR <NAV> UP ON HIGHER EARNINGS OPINION |
ICN Pharmaceuticals Inc has about 500 mln dlrs in cash and another 1.50 billion dlrs in available credit which it intends to use to buy a pharmaceutical company Chairman Milan Panic said. At the companys annual meeting he said an acquisition could take place in the next 24 months. The company has nearly two billion dlr... | ICN PHARMACEUTICALS <ICN> SEEKING ACQUISITION |
The all-party House of Commons Finance Committee has unanimously called for a substantial cut in credit card interest rates charged by banks and other financial institutions. In a report the committee recommended that if action is not taken soon the government should investigate whether there is anti-competitive behavi... | CANADA COMMITTEE SEEKS LOWER CREDIT CARD RATES |
Qtly div 10 cts vs 10 cts prior Pay April 10 Record March 27 Reuter | JUSTIN INDUSTRIES INC <JSTN> SETS DIVIDEND |
U.S. EXPORTERS REPORT 150,000 TONNES CORN CORN SWITCHED FROM UNKNOWN TO USSR FOR 1986/87 | |
Boeing Co said the National Aeronautics and Space Administration has selected Boeing to operate its computational mission services at the Marshall Space Flight Center in Huntsville. Boeing said it will provide NASA engineers and scientists with management personnel equipment materials and services to aid the operations... | BOEING <BA> WINS NASA CONTRACT |
Security Pacific Corps Security Pacific Merchant Bank said acting as lead manager it has offered 270 mln dlrs in 30-year and 35 mln dlrs in 15-year mortgage pass-through certificates. The offering is the second this year under an 800-mln-dlr shelf registration. The first was for 310 mln dlrs. The mortgages were origina... | SECURITY PACIFIC <SPC> UNIT OFFERS CERTIFICATES |
Merry Land and Investment Co Inc said it will offer two million shares of common stock for sale. Merry Land said it filed a registration statement with the Security and Exchange Commission. It also said the sale will be offered through an underwriting group managed by <Johnson Lane Space Smith and Co Inc> and Inters... | MERRY LAND AND INVESTMENT <MERY> TO OFFER STOCK |
Banks of Iowa Inc <biow> said it has sold 254608 common shares at 51.50 dlrs each to a group of institutional investors through a private placement. In connection with the stock sale the company said it reserved the right to sell privately up to an additional 133741 common shares at the same price before March 28. I... | BANKS OF IOWA <BIOW> PRIVATELY PLACES STOCK |
Shr 1.55 dlrs vs 70 cts Net 3409000 vs 1455000 Rev 54.1 mln vs 45.3 mln Nine months Shr 1.60 dlrs vs 10 cts Net 3517000 vs 211000 Rev 144.4 mln vs 127.0 mln NOTE: Qtr net includes extraordinary gain of 1.2 mln dlrs versus 155000 dlrs for fiscal 1986s third quarter and a non-recurring pre-tax gain of 720000 dlrs. Reuter | SCHOLASTIC INC <SCHL> 3RD QTR FEB 28 NET |
Kleinwort Benson International Investment Ltds subsidiary Kleinwort Benson Australian Income Fund a closed end management investment company declared its first quarterly dividend of 36.5 cts payable April 16 to shareholders of record April 1. Reuter | KLEINWORT BENSON <KBA> UNIT SETS FIRST DIVIDEND |
Deputy Finance Ministers from the Group of 10 leading western industrialised countries met here to discuss the world debt crisis trade imbalances and currency stability today following last months Paris monetary accord sources close to the talks said. The officials met at the offices of the International Monetary Fund ... | G-10 FINANCE OFFICIALS DISCUSS DEBT, CURRENCIES |
The Commodity Credit Corporation CCC has reallocated 15.0 mln dlrs in credit guarantees to Turkey previously earmarked for sales of U.S. oilseeds to provide coverage for sales of U.S. protein meals in fiscal year 1987 the U.S. Agriculture Department said. The department said the action reduces the guarantee line author... | CCC GUARANTEES TO TURKEY SWITCHED TO MEALS-USDA |
The European Community (EC) agreed on new rules to cut diesel exhaust emissions from trucks and buses in an attempt to reduce air pollution threatening vast stretches of the regions forests. Diplomats said EC environment ministers meeting here agreed member states would have to reduce by 20 pct over the next few years ... | EC AGREES TO REDUCE DIESEL EXHAUST EMISSIONS |
Oper shr loss 49 cts vs loss 10 cts Oper net loss 3014000 vs loss 656000 Revs 22.7 mln vs 23.6 mln 12 mths Oper shr loss 19 cts vs profit 40 cts Oper net loss 1142000 vs profit 2476000 Revs 93.3 mln vs 99.0 mln NOTE: qtr 1986 and prior qtr excludes loss discontinued operations 2441000 and 4078000 respectively. Year 198... | VERNITRON CORP <VRN> 4TH QTR AND YEAR LOSS |
Oper shr 1.21 vs 88 cts Oper net 7767000 vs 5494000 Revs 163.7 mln vs 133.5 mln NOTE: 1986 and 1985 oper net excludes a loss of 1332000 dlrs and a profit of 319000 dlrs respectively for discontinued operations. Earnings per shr are restated to reflect 3-for-2 stock split effective July one 1986. Reuter | GOODY PRODUCTS INC <GOOD> YEAR END OPER NET |
DIst nine cts vs nine cts prior Payable May 14 Record April one Reuter | VMS MORTGAGE INVESTORS L.P. <VMLPZ> MONTLY DIV |
Qtly div 5.5 cts vs 5.5 cts prior Pay April 27 Record April one. Reuter | PEPS BOYS-MANNY, MOE AND JACK <PBY> SET PAYOUT |
The Commodity Credit Corporation CCC has accepted a bid for an export bonus to cover a sale of 6000 tonnes of semolina to Egypt the U.S. Agriculture Department said. The department said the semolina is for shipment April-October 1987 and the bonus awarded was 224.87 dlrs per tonne. The bonus was made to International M... | CCC ACCEPTS EXPORT BONUS ON SEMOLINA TO EGYPT |
VMS Mortgage Investors LP II said it raised its first quarter 1987 cash dividend to 21 cts from 20 cts the prior quarter payable May 14 1987 to shareholders of record April One 1987. Reuter | VMS MORTGAGE INVESTORS <VMTGZ> RAISES PAYOUT |
Regency Cruises Inc said it agreed to sell a 40 pct interest in the corporation that owns the M/V Regent Sea cruise ship for 2.1 mln dlrs to Monmouth International SA which owns the other 60 pct. The company said it also extended a 1.7 mln dlr secured loan to Monmouth to finance completion of the renovation of another ... | REGENCY CRUISES <SHIP> SELLS SHIP INTEREST |
Shipments of products by Canadian manufacturers declined by 1.5 pct in January to 21.08 billion dlrs seasonally adjusted led by a slowdown in transportation equipment Statistics Canada said. In December orders rose 2.8 pct. The federal agency said new orders fell 4.0 pct following a 4.5 pct increase in December. Invent... | CANADIAN MANUFACTURING SHIPMENTS FALL IN MONTH |
the U.S. Agriculture Department is proposing to permit coverage of freight cost and marine and war risk insurance for sales of all agricultural commodities sold on credit terms under the Commodity Credit Corporations CCC credit guarantee programs. The proposal only applies to commodities that are sold by exporters on a... | FREIGHT, INSURANCE PROPOSED FOR CCC SALES - USDA |
The U.S. Commodity Credit Corporation (CCC) has accepted a bid for an export bonus to cover a sale of 186 head of dairy cattle to Egypt the U.S. Agriculture Department said. The department said the cattle are for delivery May 7-June 7 1987 and the bonus awarded was 1888.06 dlrs per head. The bonus was made to First Int... | CCC ACCEPTS EXPORT BONUS FOR CATTLE TO EGYPT |
Clark Equipment Co said it has purchased 1339000 shares of its common stock from an investor group led by Arthur M. Goldberg for 26.375 dlrs a share. It said the purchase reduces the number of shares of Clark common stock to be purchased under its stock repurchase plan announced March 10. At the time the company said i... | CLARK EQUIPMENT <CKL> BUYS 1.3 MLN SHARES |
Yankee Cos Incs Eskey Inc <ESK> subsidiary said it reached an agreement in principle to sell its Eskeys Yale E. Key Inc subsidiary to a new concern formed by Keys management and a private investor for about 15.5 mln dlrs. As part of sale Eskey said the buyers will assume the 14.5 mln dlrs of publicly held Eskey 10-3... | YANKEE COS <YNK> UNIT TO SELL ASSSETS |
LTV Corp said a credit agreement between the company and its 22-member bank group has been approved by the U.S. Bankruptcy Court for the Southern District of New York. The company said the agreement provides an additional 100 mln dlrs of credit that may be borrowed by the company or used to cover the issuance of new le... | COURT APPROVES LTV <QLTV> BANK CREDIT AGREEMENT |
Wendys International Inc declined to comment on vague rumors by traders that it might be a takeover target. Wendys is currently trading up one at 11-3/4 on turnover of more than 1.6 mln shares. A Wendys spokesman said it was corporate policy not to comment on market rumors. He further declined to attribute active tradi... | WENDY'S <WEN> DECLNES COMMENT ON MARKET RUMORS |
Goody Products Inc said it entered into an agreement to sell its J. and P.B. Myers packaging business to Union Camp Corp to focus on its consumer products and automated distribution system businesses. Terms of the agreement were not disclosed. Reuter | GOODY <GOOD> TO SELL UNIT TO UNION CAMP <UCC> |
Champion Parts Rebuilders Inc said it asked the Federal District Court in Chicago for a declaratory judgment upholding its recent 5.4 mln dlr sale of common shares and warrants to Echlin Inc <ECH>. Champion said in hearings Thursday morning before the federal judge on its lawsuit charging federal securities law viol... | CHAMPION PARTS<CREB> ASKS DECLARATORY JUDGMENT |
CYACQ RAISES OFFER FOR CYCLOPS TO 92.50 DLRS/SHARE FROM 80 DLRS | |
Qtr ends Feb 28 Shr 53 cts vs N/A Net 1165000 vs 575000 Nine mths Shr 1.54 dlrs vs N/A Net 3363000 vs 1535000 Assets 375.2 mln vs 320.7 mln Deposits 313.8 mln vs 264.2 mln Loans 286.3 mln vs 235.9 mln NOTE: earnings per share data not presented for 1986 as Great Country Bank converted from a mutual to a capital stock s... | GREAT COUNTRY BANK <GCBK> 3RD QTR NET |
U.S. BUSINESS LOANS FALL 660 MLN DLRS IN MARCH 11 WEEK, FED SAYS | |
The European Community (EC) agreed tough new rules to cut diesel exhaust emissions from trucks and buses in an attempt to reduce air pollution threatening vast stretches of the regions forests. Diplomats said EC environment ministers meeting here agreed member states would have to reduce by 20 pct over the next few yea... | EC AGREES REDUCTION OF DIESEL EXHAUST EMISSIONS |
The following proposed securities offerings were filed recently with the Securities and Exchange Commission: Weyerhaeuser Co <WY> - Offering of four mln shares of convertible exchangeable preference shares through Morgan Stanley and Co Inc. Kansas City Power and Light Co <KLT> - Shelf offering of up to 100 mln dl... | PROPOSED OFFERINGS RECENTLY FILED WITH THE SEC |
Marcus Corp said its board voted a 50 pct stock dividend to be distributed May 1 record April 15. It said the dividend applies equally to holders of its common stock and Class B common. Reuter | MARCUS <MRCS> VOTES 50 PCT STOCK DIVIDEND |
VMS Mortgage Investors L.P. II said it declared a first-quarter 1987 cash distribution of 21 cts a depositary unit up five pct from the prior quarter. It said the distribution will be payable May 14 record January 1. Reuter | VMS MORTGAGE <VMTGZ> CASH DISTRIBUTION RISES |
Pico Products Inc and <Anixter Communications> jointly announced that they received a purchase order from Tele-Communications Inc for pay TV security products to be included in Tele-Comms on-site control systems. Terms were not disclosed. Reuter | PICO <PPI>, ANIXTER GET TELE-COMM <TCOM> ORDER |
An investment group led by Audio/Video Affiliates Inc said it raised its tender offer to acquire Cyclops Corp to 92.50 dlrs a share from 80 dlrs a share. The group Cyacq Acquisition Corp also said it extended the offer until April three from March 20. The group said it added several conditions to its offer including re... | AUDIO/VIDEO <AVA>SWEETENS BID FOR CYCLOPS <CYL> |
MOODY'S DOWNGRADES BAKER INTERNATIONAL AND UPGRADES HUGHES TOOL | |
Emerald Homes L.P. said its general partners declared an initial 30-ct per unit distribution payable May 15 to unitholders of record March 31. Emerald made its initial public offering February 6. Reuter | EMERALD HOMES <EHP> SETS INITIAL DISTRIBUTION |
Business loans on the books of major U.S. banks excluding acceptances fell 660 mln dlrs to 277.93 billion dlrs in the week ended March 11 the Federal Reserve Board said. The Fed said that business loans including acceptances declined 492 mln dlrs to 280.56 billion dlrs. Reuter | U.S. BUSINESS LOANS FALL 660 MLN DLRS |
<Texas Capital Bancshares> said its subsidiary Texas Capital Bank-Westwood was the first Texas bank to file for a statewide branch to be located in Austin. The company said it filed with the Comptroller of the Currency under a 1986 state constitutional amendment allowing Texas banks to establish a limit of three bra... | TEXAS CAPITAL BANCSHARES UNIT FIRST TO FILE |
<Water Sports Network> said it purchased 750000 dlrs in convertible debentures from <NTN Communications Inc>. The companies said they are exploring ways to mutually market the programs and properties of each company. Reuter | WATER SPORTS NETWORK BUYS DEBT FROM NTN |
Jefferies and Co said it is making a market in the stock of Cyclops Corp at 92-1/2 to 95. Cyclops received a sweetened offer of 92.50 dlrs per share from Cyacq Acquisition Corp led by Audio/Video Affiliates Inc <AVA>. Reuter | JEFFERIES MAKES MARKET IN CYCLOPS <CYL> |
BEI Holdings Ltd said it acquired Ivey-Rowton and Associates a Nashville Tenn.-based bank marketing firm. Terms were not disclosed. Reuter | BEI <BEIH> ACQUIRES IVEY-ROWTON AND ASSOCIATES |
LAC Minerals Ltd said it will suspend underground mining and exploration at its Lake Shore Mine at Kirkland Lake Ontario on April 30 pending results of a surface exploration drilling program. LAC said it does not expect the decision to affect earnings but 44 employees will be affected. The company said it has completed... | LAC MINERALS <LAC> TO CLOSE LAKE SHORE MINE |
Multi Solutions Incs Multi Soft Inc <MSOF> announced Version 3.0 of Super-Link its application development system for building cooperative peer-to-peer applications under CICS TSO VM/CMS and IDMS-DC. The release adds two new components to the Super-Link system and provides enhanced features and support for applicati... | MULTI SOLUTIONS <MULT> UNIT ADDS CAPABILITY |
Shr 1.86 dlrs vs 1.85 dlrs Net 1923304 vs 1897998 Reuter | SOUTHERN HOME SAVINGS BANK <SHSB> YEAR NET |
Super Valu Stores Inc said its capital budget for the fiscal year beginning March One is 330 mln dlrs. It said it spent 363.7 mln dlrs last year primarily because the previous years budget included funding for such major projects as completely new distribution centers. It said the current budget provides for significan... | SUPER VALU <SVU> SETS LOWER CAPITAL SPENDING |
SALOMON BROS SAID IT WAS SUBPOENAED BY SEC REGARDING FIREMAN'S FUND, AMERICAN EXPRESS | |
Qtly div 25 cts vs 25 cts previously Pay April 17 Record March 30 Reuter | BINKS MFG CO <BIN> REGULAR DIVIDEND SET |
 WEST CO INC <WST> SETS REGULARY PAYOUT PHOENIXVILLE Pa. March 20 Qtrly div 13 cts vs 13 cts prior Pay May 5 Record April 21 Reuter  | |
Southeastern Asset Management Inc and its two controlling shareholders said they sold their entire 5.6 pct stake in Allegheny International Inc. In a filing with the Securities and Exchange Commission Southeastern a Memphis Tenn. investment advisor said it sold the entire 604000-share stake between March 13 and 16 at p... | FIRM SELLS ENTIRE ALLEGHENY INT'L <AG> STAKE |
Sumitomo Bakelite Co Ltd a Japanese company told the Securities and Exchange Commission it has acquired 325000 shares of Sheldahl Inc or 10.7 pct of the total outstanding common stock. Sumitomo Bakelite said it bought the stock for 4.9 mln dlrs for investment purposes. Under an between Sumitomo Bakelite and Sheldahl as... | JAPANESE FIRM HAS 10.7 PCT OF SHELDAUL <SHEL> |
Period ended Feb 28 Shr 4.66 dlrs vs 4.40 dlrs Net 1048884000 vs 959626000 Revs 5.43 billion vs 5.04 billion Avg shrs 200242000 vs 191840000 NOTE: Per-share earnings reflect payment of preferred dividend requirements Reuter | COMMONWEALTH EDISON CO <CWE> 12 MONTHS NET |
Representatives from 26 Latin American countries ended a United Nations trade meeting here today with a call for greater economic integration between developing and industrialised countries. (We) urge the international community to recognise the ... difficulties which confront the region a statement released by the gro... | LATIN NATIONS CALL FOR ECONOMIC CO-OPERATION |
Moodys Investors Service Inc said it downgraded the debt ratings of Baker International Corp and upgraded Hughes Tool Cos debt. The actions affect a combined 662 mln dlrs of securities. Moodys said the anticipated merger of Baker and Hughes Tool into Baker Hughes Inc would result in increased financial leverage at a ti... | MOODY'S CUTS BAKER <BKO>, UPGRADES HUGHES <HT> |
Subsidiaries of John Hancock Mutual Life Insurance Co told the Securities and Exchange Commission they sold their entire 13.1 pct stake in Price Communications Corp back to the company. The Hancock subsidiaries said they sold their entire 1627603-share stake in Price Communications to the company for 11 dlrs a share on... | JOHN HANCOCK UNITS DUMP STAKE IN PRICE <PR> |
Ohio Power Co a unit of American Electric Power Co said it will redeem 34.4 mln dlrs of its first mortgage bonds on June one. It will buy back at par 33 mln dlrs of its outstanding 10 pct bonds of 2016 and 1.4 mln dlrs of its outstanding 12-7/8 pct bonds due 2013. Also the utility will pay accrued interest for the 10 p... | AMERICAN ELECTRIC <AEP> UNIT TO BUY BACK BONDS |
Salomon Incs Salomon Brothers unit said the Securities and Exchange Commission subpoenaed its records with respect to Firemans Fund Corp American Express Co Shearson Lehman Brothers Inc Jefferies and Co and others. Salomon brothers co-managed a public offering by American Express of Firemans Fund securities. Salomon sa... | SALOMON INC <SB> SAID IT RECEIVED SUBPOENA |
Niagara Mohawk Corp said it is cautiously optimistic about results improvements for 1987 and said it is studying measures to cut operating costs. These measures include freezing management salaries abolishing vacant positions and reducing overtime. A spokesman said the company had no current plans to lay off workers. T... | NIAGARA MOHAWK <NMK> TO CUT COSTS |
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