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5,162 | swedish prime minister s china visit boosts trade an big expansion in bilateral trade is expected as a result of swedish prime minister ingvar carlsson s visit to china a official of china s foreign economic relations and trade ministry official said he told the china daily that petroleum coal cotton non ferrous metals and electric engines could help balance the trade running at over three to one in sweden s favour total trade reached mln dlrs last year up pct on according to chinese statistics swedish sources said major paper mill projects and an aviation agreement would be discussed during carlsson s one week visit reuter | 7 |
4,594 | gaf gaf seeks all of borg warner bor gaf corp said it has made an all cash merger proposal to borg warner corp at dlrs per share for all the company s common stock following a meeting yesterday with borg warner officials and investment bankers gaf said it is today delivering a letter to the borg warner board outling the terms of the proposal that would be made by tender offer pursuant to a mutually acceptable merger agreement to be approved by the borg warner board and conditioned on that board s recommendation of the tender offer and merger gaf in its letter stated it intends to finance the proposed acquisition entirely with its own funds and bank borrowings under a syndicated bank loan from a group of banks led by chase manhattan corp s cmb chase manhattan bank last week gaf increased its ownership of borg warner shares to pct of those outstanding minstar inc mnst sold its pct holding gaf emphasized the amicable nature of the proposed transaction which it characterized as a partnership gaf said it wanted to discuss with the borg warner board key roles for borg warner s senior management in the new organization board representation for borg warner directors on a newly constituted board and a company name change gaf said it will be filing an amendment to its d with the u s securities and exchange commission borg warner has about mln common shares outstanding minstar chairman irwin l jacobs sold his stake after borg warner after the company failed to respond to his mid february offer for a negotiated agreement at a minimum price of dlrs a share in november jacobs had offered to enter into acquisition talks with borg warner based on a price of between and dlrs a share reuter | 0 |
3,876 | mcclain industries inc mccl st qtr dec net shr cts vs cts net vs sales vs note current year net includes gain from sale of sterling heights mich plant of dlrs another dlrs of gain from sale sale has been treated as deferred income reuter | 2 |
4,047 | foothill group fgi sees better first quarter don gevirtz chairman of the foothill group inc told reuters the company s first quarter results will be up sharply over last year s eight cents a share first quarter results will be dramatically better he said following a presentation to analysts he cited a sharp drop in non earning assets healthy asset growth and lower expenses he declined to predict specific results for the first quarter in the first quarter the commerical finance company earned dlrs or eight cts per share gevirtz also declined to predict full year results but said we expect an excellent year in foothill earned dlrs or cts per share analysts expect foothill to record earnings of cts to cts a share in during the presentation gevirtz said foothill has reduced to less than five pct the company s level of non performing assets which was as high as eight pct in previous years david hilton chief financial officer said the company s general and administrative expenses in will be reduced to about to pct of average assets from pct in the company had average assets of mln dlrs from continuing operations and mln dlrs from discontinued operations in according to its annual report reuter | 2 |
4,406 | tenneco tgt buys unisys uis unit tenneco inc said its newport news shipbuilding subsidiary has completed the purchase of the sperry marine systems division of unisys corp for about mln dlrs sperry marine has annual revenues of about mln dlrs reuter | 0 |
1,058 | carling o keefe ckb sells oil unit takes gain carling o keefe ltd said it sold its star oil and gas ltd unit to united coal canada ltd for about mln dlrs cash carling said it will record an extraordinary gain of about two mln dlrs after tax or nine cts a common share resulting from the sale the company did not elaborate further on financial terms a carling official later said in reply to an inquiry that carling would record the extraordinary gain in its fourth quarter ending march the move came after carling s pct owner rothmans inc agreed last week to sell its carling stake to elders ixl ltd of australia for mln canadian dlrs reuter | 0 |
3,808 | reuters to buy i p sharp of canada reuters holdings plc rtrs l said it had agreed in principle to buy i p sharp associates ltd of toronto for mln stg sharp is a time sharing network and database company specialising in finance economics energy and aviation it operates a global packet switching network and global limits systems for foreign exchange trading sharp shareholders will be offered cash shares or a mixture of the two in settlement the acquisition which is subject to canadian government approval would be through amalgamation into a specially created company reuters said it had been given options by a number of sharp shareholders covering pct of the common stock pending completion of a reuters review of the company sharp operates offices in countries in it reported revenue of mln canadian dlrs with a pretax loss of mln compared with a mln profit in however sharp said that internal accounts showed the company was in profit in the first two months of end net assets totalled mln dlrs a reuters statement said the acquisition would fit perfectly into its package for the banking and securities industries reuter | 0 |
3,010 | wardair international ltd year net shr dlrs vs dlrs net vs revs mln vs mln note current net includes gain of dlrs a share on disposal of assets m w ward holds pct voting interest reuter | 2 |
1,637 | borg warner bor to sell unit for mln dlrs borg warner corp said it agreed to sell its industrial products group to clayton and dubilier inc and senior management of the group for about mln dlrs clayton and dubilier is a new york based private investment firm which has completed two other management led buyout transactions since december borg warner s industrial products group based in long beach california has sales of about mln dlrs and employs about staff its businesses include standard and custom engineered centrifugal pumps and mechanical seals for the petroleum industry and advanced controls for the aerospace and defense industries the sale is part of borg warner s planned restructuring the proposed sale is subject to approval by borg warner s directors it said reuter | 0 |
3,798 | nvhomes nvh sets two for one split nvhomes lp said its board declared a two for one split of class a units payable to shareholders of record on april it said certificates will be distributed about two weeks after the record date reuter | 2 |
3,695 | firm reduces sceptre resources srl holdings montreal based noverco inc told the securities and exchange commission it reduced its stake in sceptre resources ltd to shares or pct of the total outstanding noverco said it sold off shares to reduce the investment of noverco in sceptre additional common shares of sceptre may be sold or purchased by noverco depending upon market conditions noverco said reuter | 0 |
5,085 | manufacturers mhc puts brazil on non accrual manufacturers hanover corp said it placed billion dlrs of medium and long term loans to brazilian borrowers on non accrual as of yesterday meaning that income will be recorded only when actual cash payments are received as a result net income for the first quarter will be reduced by mln dlrs if brazil which suspended interest payments on its term debt on february continues to defer interest payments for the rest of the year net income for the whole of would be reduced by a total of mln dlrs u s bank accounting guidelines do not require loans to be placed on nonaccrual unless interest payments are past due days or more however manufacturers hanover said that in light of current circumstances it was more appropriate to record income on its brazilian loans only when cash payments were received it added that it believes brazil will reach agreement with its banks on a debt restructuring and that all interest payments will be received later in the company earned mln dlrs in first quarter and mln dlrs for the whole of the year reuter | 2 |
2,486 | spartech corp sptn st qtr jan net shr two cts vs three cts net vs revs mln vs mln note per shr reflects payment of preferred dividends reuter | 2 |
2,900 | goodmark foods inc gdmk nd qtr feb net shr cts vs cts net vs sales mln vs mln nine mths shr cts vs cts net vs sales mln vs mln avg shrs vs reuter | 2 |
3,463 | citicorp cci seeks cyclops cyl steel unit citicorp capital investors ltd a unit of citicorp said it wants to buy cyclops corp s steel assets from dixons group plc and is willing to pay mln dlrs nearly mln dlrs more than had been offered for the assets by alleghany corp the disclosure of the citicorp unit s interest in cyclops industrial group came in disclosure documents filed by dixons group with the securities and exchange commission alleghany s msl industries inc unit had agreed to buy the steel assets from dixons group for mln dlrs dixons group has tendered for all outstanding cyclops shares at dlrs a share in cash the citicorp unit said its higher offer came to about three dlrs more for each cyclops share outstanding as a condition of its offer it said dixons would have to increase the cash price it was to pay for each cyclops share to dlrs in cash dixons on friday extended the expiration time of its tender offer until midnight est march reuter | 0 |
2,820 | canterra energy to drill well off nova scotia canterra energy ltd said it will drill an exploratory well on the scotian shelf about kilometers east southeast of halifax nova scotia drilling will begin in late april in meters of water and will be drilled to a total depth of meters canterra said canterra will operate the well and has a pct interest in it petro canada inc has pct trillium exploration corp has pct and nova scotia resources ventures ltd has pct reuter | 1 |
5,483 | south korean won fixed at month high the bank of korea said it fixed the midrate of the won at to the dollar its highest level since february when it was the won was set at yesterday the won has risen pct against the dollar so far this year after rising pct in reuter | 5 |
4,491 | amoskeag amkg takeover blocked by court amoskeag bank shares inc said the new hampshire supreme court overturned its proposed acquisition of portsmouth savings bank in a three two vote the acquisition had been opposed by some depositors who filed an action to block the takeover we will respond to this news as soon as we have had an opportunity to analyze the decision and any and all options available to us chairman william bushnell said in a statement reuter | 0 |
4,840 | boliden takes over allis chalmers division swedish mining and metals group boliden ab said it would buy the mining equipment operations of the u s allis chalmers corp amounting to more than pct of group sales for mln crowns boliden president kjell nilsson told a news conference the acquisition of the allis chalmers unit which he described as the world s leading producer of equipment for the mineral processing industry would yield positive synergy effects for boliden mining metals and engineering operations nilsson said the takeover will provide opportunities to cooperate with the mining and materials handling operations of boliden s parent company trelleborg ab he said allis chalmers was selling out because it needed new cash after suffering big losses in its farm equipment operation the deal is subject to approval by allis chalmers annual meeting company officials said reuter | 0 |
4,546 | shandwick buys los angeles pr company public relations consultancy shandwick plc said it had agreed to buy the los angeles based rogers and cowan inc which specialises in the entertainment industry a total of mln dlrs is payable on completion mln will be injected into the business through an interest free loan and the expenses of the acquisition amount to stg shandwick said it would raise mln stg through the placing of mln shares to finance the deal with the balance of mln stg used to strengthen the balance sheet and in anticipation of future performance related payments in the year to end september rogers operating income was more than mln dlrs after the acquisition shandwick s u s operating income will be comparable to that it earns in the u k rogers estimated that pretax profit in the year to end would exceed dlrs an extraordinary loss of dlrs in resulted from the write off of assets net tangible assets at end september were dlrs shandwick shares were unchanged at p reuter | 0 |
306 | cra ltd craa s net net mln dlrs vs mln shr cents vs final div to announced after july vs final cents making sales revenue billion vs billion investment income mln vs mln shrs mln vs mln note net is after tax mln dlrs vs mln interest mln vs mln depreciation mln vs mln but before net extraordinary loss mln vs profit mln reuter | 2 |
1,463 | for better living inc th qtr net shr profit primary cts vs loss cts shr profit diluted cts vs loss cts net profit vs loss sales mln vs mln year shr profit profit dlrs vs profit five cts shr profit diluted dlrs vs profit five cts net profit vs profit sales mln vs mln note prior qtr and year figures include gains on disposal of discontinued operations of dlrs and dlrs respectively reuter | 2 |
4,884 | acme cleveland corp amt sets quarterly qtly div cts vs cts prior pay may record april reuter | 2 |
5,338 | kuwait may re register gulf tankers newspaper kuwait may re register part of its tanker fleet with foreign flag jurisdictions including the u s and ussr in an attempt to protect them from iranian missile attacks in the gulf war zone u s officials were quoted by the new york times as saying the transfers would allow the country of registration to escort kuwaiti owned ships in the gulf kuwait had earlier declined an offer of u s naval escorts as too public an admission of its need for protection they said kuwait is also looking at flagging out to european registries the officials said soviet flag tankers transporting kuwaiti oil through the gulf may get soviet escorts the officials said kuwait had earlier considered having both ussr and u s escorts but the u s was unwilling to give the soviet union a naval role in the region the newspaper quoted the officials as saying kuwait has backed iraq in the seven year war against iran and its ships have increasingly been the target of iranian attacks the u s and kuwait have been negotiating for over a month on methods of protecting kuwaiti ships reuter | 6 |
3,912 | u s shoe corp usr th qtr jan net shr cts vs cts net mln vs mln sales mln vs mln avg shrs mln vs mln year shr cts vs dlrs net mln vs mln sales billion vs billion avg shrs mln vs mln note current year net both periods includes gain five cts shr from sale of just for kids and giggletree mail order catalogs and charges of cts shr from writedowns of assets related to the closing of linens and domestics stores and leased departments and of leased shoe departments year net includes lifo inventory charges six cts shr vs two cts shr reuter | 2 |
751 | polaroid prd up on reaffirmed opinion shares of polaroid corp rose following a reiterated recommendation by merrill lynch and co that focused on strong earnings momentum for the company traders said we have been recommending the stock since it was in the s but we reiterated today because of expectations of strong earnings momentum its benefits from the lower dollar and anticipation of nice gains in margins merrill lynch analyst charles ryan said he said a negative opinion by another brokerage house hurt the stock wednesday and it can be bought at a relatively bargain price today ryan said you always have to look at polaroid at its weakness its a volatile stock that has to be caught on weakness polaroid s stock which gained more than a point early this morning was trading at up it was down over three points wednesday morning before closing down polaroid is working overtime on production of cameras and film so we expect first quarter earnings to be up about pct ryan said estimating earnings of cts a share in the first quarter compared to cts a share earned a year earlier he expects the company to earn four dlrs a share in as compared to dlrs a share last year reuter | 2 |
1,567 | china closes second round of offshore oil bids china has closed the second round of bidding by foreign firms for offshore oil exploration rights the china daily has reported it quoted a spokesman for the china national offshore oil corp cnooc as saying china signed eight contracts with foreign firms for blocks in the pearl river mouth and south yellow sea covering a total area of sq km second round bidding began at the end of and only one well has so far produced results lufeng km south east of shenzhen with an output of barrels a day the well was drilled by a group of japanese companies the spokesman added cnooc was ready to enter into contracts for offshore blocks before third round bidding began he did not say when this would be but added the contracts would not be bound by restrictions imposed during the second round china has signed oil contracts and agreements with companies from countries since when offshore exploration was open to foreigners eleven contracts were terminated after no oil was discovered foreign firms have invested billion dlrs on offshore china since reuter | 1 |
4,240 | india steps up countertrade deals to cut trade gap india is searching for non communist countertrade partners to help it cut its trade deficit and conserve foreign exchange wheat tobacco tea coffee jute engineering and electronic goods as well as minerals including iron ore are all on offer in return for crude oil petroleum products chemicals steel and machinery trade sources told reuters most of the impetus behind countertrade which began in comes from two state trading firms the state trading corp stc and the minerals and metals trading corp mmtc the two state trading corporations are free to use their buying power in respect to bulk commodities to promote indian exports a commerce ministry spokeswoman said adding that private firms are excluded from countertrading one trade source said india has targetted countries that depend on an indian domestic market recently opened to foreign imports however countertrade deals still make up only a small part of india s total trading and are likely to account for less than eight pct of the estimated billion dlrs in trade during the nine months ended december the sources said countertrade accounted for just five pct of india s billion dlrs in trade during fiscal ended march against almost nothing in official figures show however the figures exclude exchanges with the eastern bloc paid in non convertible indian rupees the sources said total trade with the soviet union involving swaps of agricultural produce and textiles for soviet arms and crude oil is estimated at billion dlrs in fiscal against three billion in indian countertrade which is being promoted mainly to help narrow the country s large trade deficit is still insignificant compared with agreements reached by indonesia venezuela and brazil the trade sources said the trade deficit which hit an estimated record billion dlrs in is expected to decline to billion in the current fiscal year but the push to include non communist countries in countertrade is also due to other factors including the slow growth of foreign reserves a tight debt repayment schedule shrinking aid and trade protectionism businessmen said one source said india is showing more dynamism in promoting countertrade deals than in the past when the deals were made discreetly because they break gatt rules as a member of the general agreement on tariffs and trade gatt india cannot officially support bartering the mmtc s recent countertrade deals include iron ore exports to yugoslavia for steel structures and rails mmtc s recent global tenders now include a clause that preference will be given to parties who accept payment in kind for goods and services sold to india a trade official said adding that the policy remains flexible we also take into account other factors such as prices at which the goods and services are offered to india the trade official said early this year the commerce ministry quietly told foreign companies interested in selling aircraft ships drilling rigs and railway equipment to india that they stood a better chance if they bought indian goods or services in return the trade sources said illustrating the point the official said a south korean firm recently agreed to sell a drilling platform worth mln dlrs to the state run oil and natural gas commission reuter | 7 |
843 | striking brazilian seamen hold pay talks striking brazilian seamen who say they have made idle ships and halted brazilian exports today held pay talks in rio de janeiro with labour minister almir pazzianotto union officials said jorge luis leao franco a senior official of the national merchant marine union told reuters he was optimistic the talks would lead to an end of the stoppage which began last friday brazil s seamen are seeking a pay rise of pct the union official said the strike had halted a total of vessels including in brazil s main port santos and about more in rio de janeiro abroad six ships lay idle in the netherlands spain venezuela france and south africa he said economic analysts said the strike was of serious concern to the government which has already had to suspend interest payments on part of brazil s foreign debt following a drastic deterioration in the country s trade balance the head of the national merchant marine authority murilo rubens habbema was quoted in today s gazeta mercantil newspaper as saying that if the strike continued foreign ships could be authorized to transport brazilian exports brazil is living through a crisis at the moment and it is not conceivable that exports be hit he said but even using foreign ships we must not forget that we are going to lose foreign exchange paying freight charges abroad and all this through the fault of the seamen rubens habbema said a spokesman for the port of santos which has been the scene of labour unrest and congestion in recent months said movement of ships out of the port was running at about half its normal level of ships a day he said a total of ships were either waiting at anchor on moored in the harbour reuter | 6 |
709 | usair group rejects trans world airlines takeover bid | 0 |
140 | waste management wmx votes split ups payout waste management corp said its board voted a two for one stock split payable april record march in other action waste management directors approved an increase in the quarterly dividend to cts from cts payable april three record march reuter | 2 |
1,493 | j p morgan and co inc jpm sets quarterly dividend cts vs cts previously pay april record march reuter | 2 |
384 | unilever s un chesebrough offers to sell bass chesebrough pond s inc recently acquired by a unit of unilever n v said it is offering to sell its bass shoe division as a result of an ongoing evaluation of the long term direction of its businesses the diversified maker of health and beauty aids said it acquired falmouth maine based g h bass and co in when the company reported annual sales of mln dlrs bass is known for its high quality casual shoes chesebrough said bass s sales exceeded mln dlrs reuter | 0 |
1,445 | international banknote co inc ibk th qtr loss oper shr loss cts vs loss cts oper net loss vs loss revs mln vs mln year oper shr profit nine cts vs profit two cts oper net profit vs revs mln vs mln note net excludes extraordinary tax charges of dlrs vs dlrs in quarter and credits dlrs vs dlrs in year year net includes pretax gain dlrs from termination of pension plan net includes pretax charge dlrs in quarter and gain dlrs in year from restructuring and consolidation quarter net includes dlr tax credit year net includes pretax gain mln dlrs from sale of foreign subsidiary reuter | 2 |
5,441 | hubco inc hco st qtr net shr cts vs cts net vs assets mln vs mln reuter | 2 |
2,590 | rhodes rhds sees sharply lower th qtr net rhodes inc said it now estimates fourth quarter ended february earnings were eight cts a share down from the cts earned in the final quarter of fiscal the company said the major causes for the reduction were an unfavorable lifo adjustment and softer than projected sales in the quarter due primarily to unfavorable weather despite the th qtr results rhodes said net income for the year just ended should come close to the record level of the previous year dlrs dlrs a share reuter | 2 |
2,588 | federal express corp rd qtr oper shr cts vs cts | 2 |
4,472 | rochester telephone rtc completes acquisition rochester telephone corp said it completed its acquisition of the enterprise telephone co based in new holland pa in exchange for stock valued at mln dlrs enterprises serves about access lines in lancaster county enterprise becomes the third operating telephone subsidiary of rochester telephone in pennsylvania and its sixth largest overall the company said reuter | 0 |
897 | unicorp uac lincoln in definitve pact unicorp american corp said it signed a definitive agreement to acquire lincoln savings bank fsb under terms of the agreement announced in january lincoln would be acquired by a unit of unicorp which is minority owned by lincoln president alton marshall the acquisition will take place through a voluntary conversion of lincoln to a federally chartered stock savings bank from a mutual federal savings bank in connection with the conversion unicorp will contribute mln dlrs in cash to lincoln reuter | 0 |
3,866 | int l broadcasting ibca sets reverse split international broadcasting corp said shareholders at its annual meeting approved a one for reverse stock split the split will be effective after completion of filing requirements it said new certificates will be needed it added the media company said it currently has common shares issued and outstanding and upon completion of the reverse split will have shares outstanding reuter | 2 |
3,914 | cyclops cyl says dixons appointees resign cyclops corp said the three members of its board appointed last week by dixons group plc had resigned and that it named three cyclops executives to replace them cyclops said the moves followed the announcement earlier today by dixons that it received only pct of cyclops outstanding common stock under an extended tender offer that expired yesterday dixons initially ended its dlr a share tender offer on march after receiving pct of cyclops shares however the securities and exchange commission last friday pressed dixons to reopen the offer because the u k based company had dropped a condition that at least pct of cyclops stock be tendered by the close of the offer dixons then extended the offer until yesterday and earlier today indicated that a substantial number of tendered cyclops shares had been withdrawn leaving it with only shares or just over pct of the roughly mln cyclops shares outstanding dixons said today that it purchased the tendered shares which when combined with the shares it already holds gives it a pct stake in cyclops cyclops said its reconstituted board includes the three newly named directors and five outside directors all of whom were on the board prior to dixons tender offer the three cyclops directors were replaced by dixons appointees on march under an agreement reached between the two companies reuter | 0 |
747 | copley properties inc cop th qtr net shr cts vs cts net vs revs vs year shr dlrs vs cts net vs revs vs note company began operations after its july public offering therefore annual data are not directly comparable reuter | 2 |
5,355 | cardinal industries cdni restates net lower cardinal industries inc said it restated earnings for the first nine months of to dlrs or nine cts per share from dlrs or cts reported previously due to the failure of an automated accounting system installed in mid year and replaced in the fourth quarter the company said its reliance segment sustained a significant operating loss for the full year due to the accounting problems and increased promotional and advertising expenses for the full year it said it earned dlrs or cts a share up from dlrs or cts in cardinal industries said revenues for the year were mln dlrs up from mln dlrs in the company said for the first quarter of earnings were about dlrs up from dlrs or nil per share in the year ago period the year ago first quarter earnings however have been restated from dlrs or four cts per share it said sales for the first quarter were about dlrs up from dlrs for the first half of the company said it restated earnings to dlrs or five cts per share from dlrs or cts per share reported previously reuter | 2 |
5,118 | cpc international cpc sells south african unit cpc international inc said it has completed the sale of its south african subsidiary robertsons pty ltd to a consortium of european and south african investors for an undisclosed amount in excess of book value due to the increasing difficulty of operating there it said the operation accounted for less than two pct of worldwide sales of billion dlrs in the company said small royalties expected to result from use of cpc trademarks by the new owners will be utilized for social programs in south africa it said no significant impact on earnings is expected from the sale reuter | 0 |
4,037 | british politicians urge japan trade sanctions one hundred members of britain s ruling conservative party have signed a motion calling for trade sanctions against japan to force tokyo to open its domestic market to british goods the government announced last week that japan had a billion dlr trade surplus with britain in the department of trade and industry said the government was drawing up contingency plans to force japan into opening up its domestic markets but a spokesman said such moves were very much a last resort ideas being considered included blocking japanese companies from trading in britain and revoking licenses of japanese operations in the london financial district reuter | 7 |
4,437 | kaufman board kb units cut quaker ksf stake kaufman and board inc and its insurance subsidiaries said they lowered their stake in quaker state oil refining corp to shares or pct of the total outstanding from shares or pct in a filing with the securities and exchange commission the kaufman and board group which includes sun life group said it sold quaker state common shares between feb and march at prices ranging from to dlrs each reuter | 0 |
2,505 | ventra buys joint venture leasing ventra management inc an over the counter company said it acquired joint venture leasing inc for mln venture shares valued at mln dlrs joint venture was organized in september to establish leasing joint ventures with manufacturers and vendors of computer equipment as a result of the acquisition and joint venture s backlog ventra said it expects sales to be mln dlrs with net profits of mln dlrs ventra was organized in september and completed a public offering of mln shares in january reuter | 0 |
3,346 | harper row hpr gets expressions of interest harper and row publishers inc said its special committee of independent directors has received expressions of interest from a considerable number of domestic and foreign firms with respect to restructuring or acquisition transactions with the company winthrop knowlton chairman of special committee said no determination has been made by the full board as to any transaction he said the special committee and kidder peabody and co inc intend to engage in discussions with interested parties in an effort to come to a conclusion in the near future formation of the special committee was announced early last week when harper and row said its board had taken no action on two pending acquisition proposals at that time directors also indefinately postponed a planned special shareholders vote on a restructuring proposal which would have created a class b common with votes a share and limited transferability the acquisition proposals had come from theodore l cross owner of about six pct of the company s stock who offered dlrs a share and harcourt brace jovanovich inc hbj which offered dlrs a share reuter | 0 |
1,407 | sahlen and associates salnu completes purchase sahlen and associates inc said it has completed the purchase of gleason securities service inc of new york and gleason plant security inc of connecticut sahlen said the deal s terms were not disclosed but added that the acquired companies had combined annual revenues of over mln dlrs sahlen a private invetigation company said the gleason companies provide security guard services to corporations in the tri state area reuter | 0 |
4,201 | urs corp urs regular stock dividend qtly div five pct stock vs five pct stock pay april record april six reuter | 2 |
5,450 | itt corp itt declares dividend qtly div cts vs cts prior pay july record may reuter | 2 |
3,221 | att t cost cutting efforts on target american telephone and telegraph co chairman james e olson said he is very pleased with the company s 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 att s cash flow was very strong in the first two months of the year better than budgeted while olson does not know if the company s earnings and revenues will improve by yearend he said att is moving in the proper direction for att s earnings dropped to mln dlrs or five cts a share on revenues of billion dlrs from billion dlrs or dlrs a share on revenues of billion dlrs in during att took billion dlrs in charges from expenses related to reducing its work force by reuter | 2 |
5,375 | volcker says more stimulus abroad needed for adjustments in trade balances | 7 |
2,560 | afg afg wagner brown bid for gencorp gy general partners controlled by privately held wagner and brown and by afg industries inc said it has started a tender offer for all common shares of gencorp inc and associated defensive preferred share purchase rights for dlrs a share gencorp stock closed yesterday in composite tape trading at dlrs a share up two dlrs on the day in a newspaper advertisement general partners said the offer and withdrawal rights expire april unless extended general partners said the offer is conditioned on receipt of sufficient financing to buy all shares on a fully diluted basis and receipt of enough shares to give general partners at least pct voting power again fully diluted it said the offer is also conditioned on gencorp redeeming the defensive rights or general partners being satisfied that the rights have been invalidated and general partners obtaining from the federal communications commission a special temporary authorization allowing completion of the acquisition of gencorp shares general partners said it would set up voting trust arrangements pending review of its long form application for fcc approval of its acquisition of control of gencorp s broadcasting subsidiary the partnership said the offer is further conditioned on gencorp management withdrawing its proposals to amend the company s articles of incorporation and code of regulations to provide for an increase in authorized common shares a classified board of directors and the elimination of cumulative voting the latter two changes would make it harder for minority shareholders to elect directors general partners said it is asking gencorp for its shareholder lists for help in disseminating the offer gencorp has about mln shares outstanding making the value of the offer about billion dlrs last fall afg and wagner and brown offered to acquire lear siegler inc for about billion dlrs but withdrew the offer when higher bids emerged and due to complications of the tax reform act of lear siegler eventually went private for billion dlrs gencorp is involved in tire and plasticmaking and aerospace as well as broadcasting the company faces challenges to its two television and radio station licenses partly becuase it failed to inform the fcc about allegedly improper foreign payments and political contributions gencorp has agreed to sell its new york area television station wor to mca inc mca for mln dlrs and its los angeles station khj to walt disney co dis for mln dlrs an investor group challenging the los angeles license would also receive mln dlrs from disney for the year ended november gencorp earned mln dlrs on sales of billion dlrs a gencorp spokesman said the offer came as a surprise and the company was not yet in a position to comment on the bid reuter | 0 |
3,810 | waste wmx ends offer for chemlawn chem waste management inc said its wholly owned subsidiary wmx acquisition corp ended its tender offer to buy shares of chemlawn corp at dlrs a share all shares tendered to waste management will be returned to shareholders as soon as practical it said earlier this week chemlawn agreed to accept a merger proposal at dlrs a share from ecolab inc in a transaction valued at about mln dlrs reuter | 0 |
1,222 | investor has technology development tdcx stake leon greenblatt a chicago investor told the securities and exchange commission he has acquired shares of technology development corp or pct of the total outstanding common stock greenblatt said he bought the stock for dlrs soley as an investment and has no intention of seeking control of the company reuter | 0 |
2,442 | hre properties hre st qtr jan net shr cts vs cts net vs gross income vs note net includes gains on sale of real estate of dlrs vs dlrs reuter | 2 |
1,578 | japanese corporate earnings recovery predicted japanese corporate earnings will rise pct in fiscal for the first year on year increase in three years partly because of the yen s stable exchange rate the nomura research institute said sales of all industries are predicted to rise pct in the year which starts april the research arm of nomura securities co said in a statement recurrent profits were estimated to fall pct in the current fiscal year with sales forecast to drop pct the forecast assumes an average rate of yen to the dollar in compared with yen in the current year corporate efforts to cope with the yen s appreciation such as cutting production costs are expected to bear fruit next fiscal year the institute said the economy should also benefit from pump priming expected from the government and a halt in rising prices of manufactured goods it said recurrent profits of manufacturing industries are projected to rise pct next fiscal year against an estimated pct fall in the current year non manufacturing sector profits will decline pct in against an estimated pct rise in the current year it said reuter | 2 |
1,611 | dudley taft and narragansett capital to pursue taft broadcasting bid | 0 |
3,130 | spi pharmaceuticals inc spip st qtr oper net qtr ended feb oper shr cts vs cts oper net vs revs mln vs mln note oper data does not include year ago extraordinary gain of dlrs or eight cts per shr reuter | 2 |
3,158 | affiliated publications to buy billboard publications for mln dlrs | 0 |
3,877 | synalloy syo ends plans to sell unit synalloy corp said it has ended talks on the sale of its blackman uhler chemical division to intex products inc because agreement could not be reached the company said it does not intend to seek another buyer reuter | 0 |
4,212 | jardine matheson holdings ltd jard hkg year shr h k cents vs adjusted final div cents vs making vs net mln dlrs vs mln turnover billion vs billion note profits excluded extraordinary items mln dlrs vs losses mln dividend payable after general meeting on june books close april to may note bonus issue of four new b shares of par value cents each for every one share of par value two dlrs each books close august to reuter n | 2 |
3,829 | stockholder systems ssiaa makes acquisition stockholder systems inc said it has agreed in principle to acquire privately held software concepts inc which provides software for check processing mortgage application processing and safe deposit box accounting for undisclosed terms software concepts had revenues of about dlrs for the year ended june reuter | 0 |
4,492 | metromail mtma predicts flat earnings metromail corp said it expects flat operating profits for its fiscal year ending may with last fiscal year s earnings from operations of dlrs or dlrs a share the company said the flat results will be due to higher than normal expenditures during the fourth quarter for expansion of its data processing capabilities earlier metromail reported fiscal third quarter earnings of mln dlrs or cts a share versus three mln dlrs or cts a share the prior third quarter and nine months net of mln dlrs or cts a share versus mln dlrs or cts a share the prior nine months reuter | 2 |
3,895 | encor energy corp inc year loss shr not given net loss mln vs profit mln revs mln vs mln note net includes mln dlr asset writedown before mln dlr recovery of deferred taxes pct owned by dome petroleum ltd dmp reuter | 2 |
4,815 | lowell institution for savings lifs qtly div qtly div cts vs cts prior pay may record april reuter | 2 |
847 | yeutter says u s budget deficit reduction key to trade deficit solution | 7 |
3,999 | hoechst raises profits on lower sales hoechst ag hfag f said in a statement it increased its pretax profits in despite a fall in turnover due to lower foreign sales the lower sales were due to the fall in the dollar and other currencies against the mark other factors were pressure on selling prices because of a sharp fall in the prices of crude oil and petrochemical raw materials and the sale of polystyrene business in the u s and netherlands world group pretax profit rose to billion marks in from billion in with sales falling to billion from billion within group turnover foreign sales fell to billion marks in from billion in a drop of pct the statement made no mention of net profit figures hoechst will announce its dividend proposal on april in the first quarter of this year sales were hit by the cold weather at the start of the year if the dollar continues at present low levels sales will again be below the previous year although in volume terms they are unchanged from hoechst said sales of paints and dyes fibres sheeting and information technology all rose in but plant construction sales fell hoechst attributed its good results to the performance of the parent company other units in west germany and to american hoechst corp improved earnings in the u s largely reflected the restructuring of styrene and polystyrene activities roussel uclaf rucf pa and most domestic non consolidated partners did not perform as well as in hoechst attributed the pct rise in parent company pretax profits to billion marks above all to a rise in earnings from interest and holdings in other companies and a fall in extraordinary costs the fall in raw material prices was not enough to compensate for the decline in turnover due to lower prices and currencies hoechst said the bulk of the billion marks investment in new projects up from mln marks in went on the capital increase of hoechst capital corp in connection with the acquisition of celanese corp celanese was merged with american hoechst in february to form hoechst celanese corp reuter | 2 |
3,644 | enserch corp ens sets quarterly qtly div cts vs cts prior pay june one record may reuter | 2 |
3,149 | u s agency to allow u s air to buy pct of piedmont pending final okay of merger | 0 |
4,137 | carson pirie scott and co crn sets dividend qtly div cts vs cts prior pay june record may reuter | 2 |
5,360 | datron systems dtsi sees lower year net datron systems inc said it expects to report a falloff in earnings for the year ended march of about pct from fiscal levels in fiscal datron earned dlrs the company said new orders for the year just ended however rose pct to mln dlrs bringing backlog at year end to mln dlrs reuter | 2 |
1,159 | white engine bought by private investor white engine a manufacturer of industrial and automotive diesel and gasoline engines with more than mln dlrs in sales said it has been sold to a group of group investors white engine said the purchase is led by donald stewart a private investment banker along with white senior executives a source close to the transaction said the purchase prices is being set at more than mln dlrs the company said it will change its name to hercules engines inc and stewart will be the majority interest owner as well as the president and chief executive officer in addition john lennon current chairman and chief executive officer will remain as chairman he company said and joseph g scheetz currently president will be vice chairman according to the company reuter | 0 |
963 | central sprinkler corp cnsp st qtr jan net shr cts vs cts shr diluted cts vs cts net vs sales mln vs mln avg shrs s vs avg shrs diluted vs reuter | 2 |
4,050 | macneal schwendler corp mns raises payout qtly div five cts vs cts prior pay june record may note prior payment adjusted for two for one stock split declared recently reuter | 2 |
5,455 | ronson corp ronc th qtr dec shr loss cts vs loss seven cts net loss vs loss revs mln vs mln year shr loss cts vs profit cts net loss mln vs profit revs mln vs mln note loss includes reserves of includes tax benefit of and dlrs th qtr includes dlrs writedowns dlr gain from sale net includes extraordinary items of and gain on sale of mln dlrs tax carryforward gain of dlrs reuter | 2 |
753 | sl industries inc sl nd qtr jan net oper shr cts vs cts oper net vs revs mln vs mln six mths oper shr cts vs cts oper net vs revs mln vs mln note exlcudes discontinued operations for oper net for six mths for sale of electronics division oper shr for qtr and six mths adjusted for stock split and dividend distribution in november reuter | 2 |
3,975 | u s chipmakers urge sanctions against japan the semiconductor industry association urged the u s government to impose trade sanctions against japan for violating the u s japan semiconductor trade agreement in a letter to treasury secretary james baker the group said sanctions should be imposed against japanese chipmakers as of april and continue until the u s is satisfied there is full compliance with the agreement the group said action by japan to cut back on semiconductor exports is not what is required america s interests require that agreements be honored and that u s industries not bear the burden for the persistent unwillingness or inability of the government of japan to deliver on its commitments the trade group said the white house economic policy council is expected to discuss possible sanctions against japan at a meeting scheduled for thursday the trade group said japan has not lived up to the terms of the agreement last year which was aimed at ending japanese dumping of semiconductors and at opening japanese markets to foreign based manufacturers reuter | 7 |
5,032 | harris bank increases its prime rate the harris trust and savings bank said it has increased its prime rate to from effective immediately reuter | 4 |
432 | varian var in talks with philips electronics varian associates inc said it is holding discussions with philips electronics regarding the purchase of philips broadcast transmission unit in the united kingdom pye tvt limited pye tvt designs and manufactures broadcast transmission equimpment specializing in television frequencies reuter | 0 |
143 | medco containment mccs sets initial payout medco containment services inc said its board declared an initial annual dividend of cts per share its first payout payable march to holders of record march reuter | 2 |
4,910 | monsanto mtc invests in biotechnology biod biotechnology development corp said its medicontrol corp subsidiary received a dlr investment by monsanto co s g d searle and co subsidiary the company said the investment was made pursuant to an option searle held and increases searle s stake in medicontrol to pct with a total investment of one mln dlrs reuter | 0 |
2,206 | precision target marketing ptmi rd qtr net qtr ends jan shr profit one ct vs loss two cts net profit vs loss revs vs nine mths shr profit five cts vs loss cts net profit vs loss revs vs note full name precision target marketing inc nine months includes extraordinary gain of two cts per share reuter | 2 |
1,800 | counsel corp sets three for two stock split counsel corp said it plans a three for two stock split pending shareholder approval at the april annual meeting the company said it recently reported profit of mln dlrs or dlrs a share before extraordinary items compared with mln dlrs or cts in reuter | 2 |
2,593 | federal express corp fdx rd qtr feb net oper shr cts vs cts oper net mln vs mln revs mln vs mln avg shrs mln vs mln nine mths oper shr dlrs vs dlrs oper net mln vs mln revs billion vs billion avg shrs mln vs mln note net excludes losses from discontinued operations of nil vs mln dlrs in quarter and mln dlrs vs mln dlrs in nine mths quarter net includes gains from sale of aircraft of two mln dlrs vs dlrs reuter | 2 |
2,156 | markel corp makl th qtr net shr cts vs cts net vs revs mln vs mln year shr dlrs vs cts net vs revs mln vs mln reuter | 2 |
2,343 | clabir clg unit agres to buy popsicle canada clabir corp said its pct owned affiliate ambrit inc abi has agreed to acquire the popsicle industries division of sara lee corp of canada ltd for about mln canadian dlrs in cash clabir said the purchase from the sara lee corp sle subsidiary is worht about mln u s dlrs the agreement is subject to canadian regulatory approval popsicle canada through its licensees is the largest maker and distributor of frozen novelty products in canada clabir added reuter | 0 |
1,585 | british telecom rd qtr ended dec shr p vs p making p vs p for nine months pre tax profit mln stg vs mln making billion stg vs billion net profit before minorities mln vs mln making mln vs mln note company s full name is british telecommunications plc bty l third quarter turnover billion stg vs billion making billion vs billion for nine months operating profit mln vs mln making billion vs billion net interest payable mln vs mln making mln vs mln tax mln vs mln making mln vs mln minorities nil vs nil making two mln vs nil reuter | 2 |
1,746 | ipco corp ihs sets regular payout qtrly div nine cts vs nine cts prior pay may record april reuter | 2 |
627 | hrs ihirf reducing stake in hal roach hrsi international h r s industries inc said it would reduce its stake in hal roach studios inc to pct from pct in return for mln u s dlrs from qintex inc s qintex america media ltd unit h r s said that under the deal s first stage closng march it would sell qintex hal roach shares at seven u s dlrs a share each for a total of mln dlrs and roach will repay h r s mln u s dlrs of advances qintex will also complete the mln u s dlr buy of mln roach treasury shares at seven dlrs each and provide roach with mln u s dlrs of financing for expansion h r s said h r s said that the agreement also provided for a second stage over one year in which it had a put option exercisable one year from closing to sell qintex all or part of its two mln roach shares for u s dlrs a share it said qintex had a day call option exerciseable nine months from closing to buy from h r s all or part of one mln roach shares at the greater of dlrs each or the average roach share price for three months before exercise date qintex will also acquire another mln roach treasury shares at seven dlrs a share months after closng for another mln dlrs h r s said reuter | 0 |
2,494 | academy insurance group inc acig th qtr net oper shr profit one ct vs loss dlrs oper net profit vs loss mln year oper shr loss cts vs loss dlrs oper net loss mln vs loss mln note excludes investment gains of one ct per share vs cts in the quarter and gains cts per share vs cts in the year excludes loss from discontinued operations of three cts per share in fourth quarter and loss of cts per share vs loss dlrs in the year reuter | 2 |
1,542 | usx x unit to raise most crude postings usx s subsidiary marathon petroleum co said it will raise its contract prices for eleven grades of crude oil cts a barrel effective tomorrow the increase brings marathon s posted price for west texas intermediate and west texas sour grades to dlrs a barrel the light louisiana grade was also raised cts to dlrs a barrel reuter | 1 |
24 | cofab inc buys gulfex for undisclosed amount cofab inc said it acquired gulfex inc a houston based fabricator of custom high pressure process vessels for the energy and petrochemical industries cofab said its group of companies manufacture specialized cooling and lubricating systems for the oil and gas petrochemical utility pulp and paper and marine industries reuter | 0 |
4,860 | john adams life corp jalc th qtr loss oper shr loss cts vs profit cts oper net loss vs profit revs vs avg shrs vs year oper shr profit nil vs profit dlrs oper net profit vs profit revs mln vs mln avg shrs vs note net excludes realized investment gains of dlrs vs dlrs quarter and dlrs vs dlrs year net both periods excludes dlr extraordinary gain reuter | 2 |
1,526 | vista resources inc vist th qtr net shr dlrs vs one dlr net vs revs mln vs mln mths shr dlrs vs dlrs net vs revs mln vs mln reuter | 2 |
4,786 | dome pete dmp takes billion dlr writedown dome petroleum ltd earlier reporting a billion dlr loss compared to year earlier profit of mln dlrs said the loss was mainly due to write downs totalling billion dlrs before a reduction in deferred income taxes of mln dlrs the loss also includes mln dlrs in accumulated foreign exchange losses the company said the dramatic drop in energy prices in early reverses much of the progress the company has made in the two previous years dome chairman j howard macdonald said in a statement but even a net loss of this magnitude has very little bearing on the day to day operations of dome chairman macdonald said it merely reflects the realistic carrying value of the company s assets in today s economic environment and the absolute need for reaching a timely agreement with our lenders on a debt restructuring plan to assure the company s continued existence he added dome is now trying to reach agreement on a complex plan for restructuring debt of more than billion dlrs dome said it charged the mln dlrs in accumulated foreign exchange losses to current expenses because of the uncertainty arising from its proposed restructuring plan normally the expenses would be amortized over the remaining period of the loans to which they apply it said dome also said the write downs included a fourth quarter reduction in the value of its oil and gas properties of billion dlrs before a reduction in deferred income taxes of mln dlrs the fourth quarter writedown was in addition to a charge of mln dlrs on certain other assets taken mainly in the third quarter dome said the billion dlr fourth quarter charge resulted from a year end accounting change made under new full cost accounting guidelines by the canadian institute of chartered accountants the company said it previously determined a write down of conventional oil and gas properties was not required at september under the previous method of calculating the limitation of oil and gas values dome said the most significant accounting change under the new guidelines is using current oil and gas prices in calculations instead of escalating price forecasts terms of dome s proposed debt restructuring plan preclude the company from making an accurate estimate of future financing costs which are used in the new accounting calculations it said as a result dome adopted current prices and costs and a pct discount factor in the calculations which substantially conform with accounting rules prescribed by the u s securities and exchange commission the company said dome said operating income from its crude oil and natural gas segments fell by billion dlrs to a loss of billion dlrs from prior year earnings of mln dlrs dome said the steep drop in crude oil and natural gas operating income was due to write downs totalling billion dlrs and lower energy prices that sharply reduced revenue reduced production of natural gas and lower utilization of dome s offshore drilling fleet in the beaufort sea also contributed to the decline it said earnings from its natural gas liquids business fell by pct to mln dlrs from mln dlrs in cash from operations dropped to mln dlrs from year ago mln dlrs and unrestricted cash balance declined to mln dlrs from mln dlrs dome said crude oil production in was maintained at prior year s levels through new drilling activity and improvements in productivity natural gas production fell by nine pct as a result of lower domestic and export sales it said oil and field natural gas liquids production totalled barrels a day compared to bpd in the prior year natural gas production fell to mln cubic feet a day from mcf a day reuter | 2 |
11 | cinram ltd th qtr net shr cts vs cts net mln vs sales mln vs mln avg shrs vs year shr dlrs vs dlrs net mln vs mln sales mln vs mln avg shrs vs reuter | 2 |
1,162 | chrysler says amc holders to get chrysler stock worth four dlrs a share under buyout plan | 0 |
2,849 | u k money market given mln stg assistance the bank of england said it provided the money market with mln stg in assistance this morning this compares with the bank s revised shortage forecast of around mln stg the central bank purchased bank bills outright at the new dealing rates established yesterday these comprised mln stg in band one at pct mln stg in band two at pct and two mln stg in band three at pct reuter | 5 |
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