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BAHIA COCOA REVIEW | Showers continued throughout the week in
the Bahia cocoa zone, alleviating the drought since early
January and improving prospects for the coming temporao,
although normal humidity levels have not been restored,
Comissaria Smith said in its weekly review.
The dry period means the temporao will be late this year.
... |
STANDARD OIL <SRD> TO FORM FINANCIAL UNIT | Standard Oil Co and BP North America
Inc said they plan to form a venture to manage the money market
borrowing and investment activities of both companies.
BP North America is a subsidiary of British Petroleum Co
Plc <BP>, which also owns a 55 pct interest in Standard Oil.
The venture will be called BP/Standard... |
TEXAS COMMERCE BANCSHARES <TCB> FILES PLAN | Texas Commerce Bancshares Inc's Texas
Commerce Bank-Houston said it filed an application with the
Comptroller of the Currency in an effort to create the largest
banking network in Harris County.
The bank said the network would link 31 banks having
13.5 billion dlrs in assets and 7.5 billion dlrs in deposits.
... |
TALKING POINT/BANKAMERICA <BAC> EQUITY OFFER | BankAmerica Corp is not under
pressure to act quickly on its proposed equity offering and
would do well to delay it because of the stock's recent poor
performance, banking analysts said.
Some analysts said they have recommended BankAmerica delay
its up to one-billion-dlr equity offering, which has yet to be
approve... |
NATIONAL AVERAGE PRICES FOR FARMER-OWNED RESERVE | The U.S. Agriculture Department
reported the farmer-owned reserve national five-day average
price through February 25 as follows (Dlrs/Bu-Sorghum Cwt) -
Natl Loan Release Call
Avge Rate-X Level Price Price
Wheat 2.55 2.40 IV 4.65 --
V... |
ARGENTINE 1986/87 GRAIN/OILSEED REGISTRATIONS | Argentine grain board figures show
crop registrations of grains, oilseeds and their products to
February 11, in thousands of tonnes, showing those for futurE
shipments month, 1986/87 total and 1985/86 total to February
12, 1986, in brackets:
Bread wheat prev 1,655.8, Feb 872.0, March 164.6, total
2,692.4 (4,161.0).... |
RED LION INNS FILES PLANS OFFERING | Red Lion Inns Limited Partnership
said it filed a registration statement with the Securities and
Exchange Commission covering a proposed offering of 4,790,000
units of limited partnership interests.
The company said it expects the offering to be priced at 20
dlrs per unit.
It said proceeds from the offering, al... |
USX <X> DEBT DOWGRADED BY MOODY'S | Moody's Investors Service Inc said it
lowered the debt and preferred stock ratings of USX Corp and
its units. About seven billion dlrs of securities is affected.
Moody's said Marathon Oil Co's recent establishment of up
to one billion dlrs in production payment facilities on its
prolific Yates Field has significant... |
CHAMPION PRODUCTS <CH> APPROVES STOCK SPLIT | Champion Products Inc said its
board of directors approved a two-for-one stock split of its
common shares for shareholders of record as of April 1, 1987.
The company also said its board voted to recommend to
shareholders at the annual meeting April 23 an increase in the
authorized capital stock from five mln to 25 ... |
COMPUTER TERMINAL SYSTEMS <CPML> COMPLETES SALE | Computer Terminal Systems Inc said
it has completed the sale of 200,000 shares of its common
stock, and warrants to acquire an additional one mln shares, to
<Sedio N.V.> of Lugano, Switzerland for 50,000 dlrs.
The company said the warrants are exercisable for five
years at a purchase price of .125 dlrs per share.
... |
COBANCO INC <CBCO> YEAR NET | Shr 34 cts vs 1.19 dlrs
Net 807,000 vs 2,858,000
Assets 510.2 mln vs 479.7 mln
Deposits 472.3 mln vs 440.3 mln
Loans 299.2 mln vs 327.2 mln
Note: 4th qtr not available. Year includes 1985
extraordinary gain from tax carry forward of 132,000 dlrs, or
five cts per shr.
Reuter
|
OHIO MATTRESS <OMT> MAY HAVE LOWER 1ST QTR NET | Ohio Mattress Co said its first
quarter, ending February 28, profits may be below the 2.4 mln
dlrs, or 15 cts a share, earned in the first quarter of fiscal
1986.
The company said any decline would be due to expenses
related to the acquisitions in the middle of the current
quarter of seven licensees of Sealy Inc, a... |
AM INTERNATIONAL INC <AM> 2ND QTR JAN 31 | Oper shr loss two cts vs profit seven cts
Oper shr profit 442,000 vs profit 2,986,000
Revs 291.8 mln vs 151.1 mln
Avg shrs 51.7 mln vs 43.4 mln
Six mths
Oper shr profit nil vs profit 12 cts
Oper net profit 3,376,000 vs profit 5,086,000
Revs 569.3 mln vs 298.5 mln
Avg shrs 51.6 mln vs 41.... |
BROWN-FORMAN INC <BFD> 4TH QTR NET | Shr one dlr vs 73 cts
Net 12.6 mln vs 15.8 mln
Revs 337.3 mln vs 315.2 mln
Nine mths
Shr 3.07 dlrs vs 3.08 dlrs
Net 66 mln vs 66.2 mln
Revs 1.59 billion vs 997.1 mln
Reuter
|
NATIONAL INTERGROUP<NII> TO OFFER PERMIAN UNITS | National Intergroup Inc said it plans
to file a registration statement with the securities and
exchange commission for an offering of cumulative convertible
preferred partnership units in Permian Partners L.P.
The Permian Partners L.P. was recently formed by National
Intergroup to continue to business of Permian Co... |
ECONOMIC SPOTLIGHT - BANKAMERICA <BAC> | BankAmerica Corp is not under
pressure to act quickly on its proposed equity offering and
would do well to delay it because of the stock's recent poor
performance, banking analysts said.
Some analysts said they have recommended BankAmerica delay
its up to one-billion-dlr equity offering, which has yet to be
approve... |
NATIONAL HEALTH ENHANCEMENT <NHES> NEW PROGRAM | National Health Enhancement
Systems Inc said it is offering a new health evaluation system
to its line of fitness assessment programs.
The company said the program, called The Health Test, will
be available in 60 days.
Customers who use the program will receive a
computer-generated report and recommendations fo... |
DEAN FOODS <DF> SEES STRONG 4TH QTR EARNINGS | Dean Foods Co expects earnings for the
fourth quarter ending May 30 to exceed those of the same
year-ago period, Chairman Kenneth Douglas told analysts.
In the fiscal 1986 fourth quarter the food processor
reported earnings of 40 cts a share.
Douglas also said the year's sales should exceed 1.4
billion dlrs, up... |
BONUS WHEAT FLOUR FOR NORTH YEMEN -- USDA | The Commodity Credit Corporation, CCC,
has accepted an export bonus offer to cover the sale of 37,000
long tons of wheat flour to North Yemen, the U.S. Agriculture
Department said.
The wheat four is for shipment March-May and the bonus
awarded was 119.05 dlrs per tonnes and will be paid in the form
of commodities f... |
CREDIT CARD DISCLOSURE BILLS INTRODUCED | Legislation to require disclosure of
credit card fees and interest rates before the cards are issued
have been introduced in the Senate and House.
Sen. Chris Dodd, D-Conn, a co-sponsor of the bill, said
many banks and financial institutions do not disclose all the
information about terms of their cards in promotion... |
HUGHES CAPITAL UNIT SIGNS PACT WITH BEAR STEARNS | Hughes/Conserdyne Corp, a
unit of <Hughes Capital Corp> said it made Bear Stearns and Co
Inc <BSC> its exclusive investment banker to develop and market
financing for the design and installation of its micro-utility
systems for municipalities.
The company said these systems are self-contained
electrical generating ... |
MAGMA LOWERS COPPER 0.75 CENT TO 66 CTS | Magma Copper Co, a subsidiary of Newmont
Mining Corp, said it is cutting its copper cathode price by
0.75 cent to 66 cents a lb, effective immediately.
Reuter
|
BROWN-FORMAN <BFDB> SETS STOCK SPLIT, UPS PAYOUT | Brown-Forman Inc said its board
has approved a three-for-two stock split and a 35 pct increase
in the company cash dividend.
The company cited its improved earnings outlook and
continued strong cash flow as reasons for raising the dividend.
Brown-Forman said the split of its Class A and Class B
common shares wo... |
ESQUIRE RADIO AND ELECTRONICS INC <EE> 4TH QTR | Shr profit 15 cts vs profit four cts
Annual div 72 cts vs 72 cts prior yr
Net profit 72,000 vs profit 16,000
Revs 7,075,000 vs 2,330,000
12 mths
Shr profit 42 cts vs loss 11 cts
Net profit 203,000 vs loss 55,000
Revs 16.1 mln vs 3,971,000
NOTE: annual dividend payable April 10, 1987, to
... |
SHEARSON LEHMAN NAMES NEW MANAGING DIRECTOR | Shearson Lehman Brothers, a unit of
American Express Co <AXP>, said Robert Stearns has joined the
company as managing director of its merger and acquisition
department.
Shearson said Stearns formerly was part of Merrill Lynch
Pierce, Fenner and Smith Inc's <MER> merger and acquisitions
department.
Reuter
|
BANKERS REPORT BREAKTHROUGH ON VENEZUELAN DEBT | Venezuela and its bank advisory
committee have agreed in principle on revisions to the terms of
a 21 billion dlr debt-rescheduling package signed last
February, bankers said.
They declined to disclose details because two or three
representatives on the panel have still to obtain the approval
of their senior managem... |
UNITED PRESIDENTIAL CORP <UPCO> 4TH QTR NET | Shr 39 cts vs 50 cts
Net 1,545,160 vs 2,188,933
Revs 25.2 mln vs 19.5 mln
Year
Shr 1.53 dlrs vs 1.21 dlrs
Net 6,635,318 vs 5,050,044
Revs 92.2 mln vs 77.4 mln
NOTE: Results include adjustment of 848,600 dlrs or 20 cts
shr for 1986 year and both 1985 periods from improvement in
results of its... |
TOWER REPORT DIMINISHES REAGAN'S HOPES OF REBOUND | The Tower Commission report, which
says President Reagan was ignorant about much of the Iran arms
deal, just about ends his prospects of regaining political
dominance in Washington, political analysts said.
"This is certification of incompetence," private political
analyst Stephen Hess told Reuters in commenting on... |
JANUARY HOUSING SALES DROP, REALTY GROUP SAYS | Sales of previously owned homes
dropped 14.5 pct in January to a seasonally adjusted annual
rate of 3.47 mln units, the National Association of Realtors
(NAR) said.
But the December rate of 4.06 mln units had been the
highest since the record 4.15 mln unit sales rate set in
November 1978, the group said.
"The d... |
ASSETS OF MONEY MARKET MUTUAL FUNDS ROSE 720.4 MLN DLRS IN LATEST WEEK
| |
U.S. TAX WRITERS SEEK ESTATE TAX CURBS, RAISING 6.7 BILLION DLRS THRU 1991
| |
SENATORS INTRODUCE EXPORT LICENSING REFORM BILL | Sens. Alan Cranston (D-Cal.) and
Daniel Evans (R-Wash.) said they introduced export licensing
reform legislation that could save U.S. companies hundreds of
thousands of dollars annually.
"Our emphasis is two-fold: Decontrol and de-license items
where such actions will not endanger our national security, and
elimina... |
EXCELAN INC SETS INITIAL STOCK OFFER | Excelan Inc said it is making an
initial public offering of 2,129,300 shares of common stock at
12 dlrs per share.
Excelan said 1.6 mln of the shares are being sold by the
company and 529,300 shares are being sold by stockholders.
Excelan designs and manufactures computer-related products.
Reuter
|
CCX NETWORK <CCXN> SECONDARY OFFERING UNDERWAY | CCX Network Inc said it was offering
220,838 shares of stock at 15.75 dlrs a share though
underwriters Stephens Inc and Cazenove Inc.
The company said it was selling the stock on behalf of some
shareholders, including those who recently received shares
in the company in exchange for their businesses.
The compan... |
FIRST UNION <FUNC> FILES 100 MLN DLR NOTES ISSUE | First Union Corp said it has filed with
the Securities and Exchange Commission for a proposed offering
of 100 mln dlrs of fixed rate subordinated notes due 1997.
The notes will be sold nationwide through underwriters
managed by Shearson Lehman Brothers Inc.
Reuter
|
OWENS AND MINOR INC <OBOD> RAISES QTLY DIVIDEND | Qtly div eights cts vs 7.5 cts prior
Pay March 31
Record March 13
Reuter
|
COMPUTER LANGUAGE RESEARCH IN <CLRI> 4TH QTR | Shr loss 22 cts vs loss 18 cts
Net loss 3,035,000 vs loss 2,516,000
Revs 20.9 mln vs 19.6 mln
Qtly div three cts vs three cts prior
Year
Shr profit two cts vs profit 34 cts
Net profit 215,000 vs profit 4,647,000
Revs 93.4 mln vs 98.7 mln
NOTE: Dividend payable April one to shareholders o... |
<CINRAM LTD> 4TH QTR NET | Shr 45 cts vs 58 cts
Net 1.1 mln vs 829,000
Sales 7.9 mln vs 9.4 mln
Avg shrs 2,332,397 vs 1,428,000
Year
Shr 1.22 dlrs vs 1.06 dlrs
Net 2.9 mln vs 1.5 mln
Sales 25.7 mln vs 22.2 mln
Avg shrs 2,332,397 vs 1,428,000
Reuter
|
DU PONT CO <DD> LAUNCHES IMPROVED ARAMID FIBERS | The Du Pont Co said it has
devloped a new generation of high-strength aramid fibers which
is stiffer and less absorbant than previous generations.
Du Pont said the new product, Kevlar 149, is up to 40 pct
stiffer than first generation aramids, and absorbs less than
half the moister of other similar aramid fibers.
... |
STANDARD TRUSTCO SEES BETTER YEAR | Standard Trustco said it expects earnings
in 1987 to increase at least 15 to 20 pct from the 9,140,000
dlrs, or 2.52 dlrs per share, recorded in 1986.
"Stable interest rates and a growing economy are expected to
provide favorable conditions for further growth in 1987,"
president Brian O'Malley told shareholders at ... |
HANDY AND HARMAN <HNH> 4TH QTR LOSS | Shr loss 51 cts vs loss three cts
Net loss 7,041,000 vs loss 467,000
Rev 138.9 mln vs 131.4 mln
12 months
Shr loss 64 cts vs profit 46 cts
Net loss 8,843,000 vs profit 6,306,0000
Rev 558.9 mln vs 556.7 mln
NOTE: Net loss for 4th qtr 1986 includes charge for
restructuring of 2.6 mln dlrs afte... |
ICO PRODUCERS TO PRESENT NEW COFFEE PROPOSAL | International Coffee Organization, ICO,
producing countries will present a proposal for reintroducing
export quotas for 12 months from April 1 with a firm
undertaking to try to negotiate up to September 30 any future
quota distribution on a new basis, ICO delegates said.
Distribution from April 1 would be on an unc... |
SHULTZ SAYS NO RESIGNATION OVER IRAN REPORT | Secretary of State George
Shultz acknowledged failings in the Iran arms affair but
declared he would not resign.
His role in the scandal that has scarred the Reagan
administration attracted harsh criticism from the Tower
commission in its report on the affair published today.
Shultz, travelling to China for a w... |
MCLEAN'S <MII> U.S. LINES SETS ASSET TRANSFER | McLean Industries Inc's United
States Lines Inc subsidiary said it has agreed in principle to
transfer its South American service by arranging for the
transfer of certain charters and assets to <Crowley Mariotime
Corp>'s American Transport Lines Inc subsidiary.
U.S. Lines said negotiations on the contract are expec... |
CHEMLAWN <CHEM> RISES ON HOPES FOR HIGHER BIDS | ChemLawn Corp <CHEM> could attract a
higher bid than the 27 dlrs per share offered by Waste
Management Inc <WNX>, Wall Street arbitrageurs said.
Shares of ChemLawn shot up 11-5/8 to 29-3/8 in
over-the-counter- trading with 3.8 mln of the company's 10.1
mln shares changing hands by late afternoon.
"This company ... |
U.S. SUGAR IMPORTS DOWN IN WEEK - USDA | Sugar imports subject to the U.S.
sugar import quota during the week ended January 9, the initial
week of the 1987 sugar quota year, totaled 5,988 short tons
versus 46,254 tons the previous week, the Agriculture
Department said.
The sugar import quota for the 1987 quota year
(January-December) has been set at 1,001... |
BRAZIL ANTI-INFLATION PLAN LIMPS TO ANNIVERSARY | inflation
plan, initially hailed at home and abroad as the saviour of the
economy, is limping towards its first anniversary amid soaring
prices, widespread shortages and a foreign payments crisis.
Announced last February 28 the plan froze prices, fixed the
value of the new Cruzado currency and ended widespread
inde... |
N.Z. OFFICIAL FOREIGN RESERVES FALL IN JANUARY | New Zealand's official foreign
reserves fell to 7.15 billion N.Z. Dlrs in January from 7.20
billion dlrs in December and compared with 3.03 billion a year
ago period, the Reserve Bank said in its weekly statistical
bulletin.
Reuter
|
AGENCY REPORTS 39 SHIPS WAITING AT PANAMA CANAL | The Panama Canal Commission, a U.S.
government agency, said in its daily operations report that
there was a backlog of 39 ships waiting to enter the canal
early today. Over the next two days it expects --
2/26 2/27
Due: 27 35
Scheduled to Transit: 35 41
... |
AMERICA FIRST MORTGAGE SETS SPECIAL PAYOUT | <America First Federally Guaranteed
Mortgage Fund Two> said it is making a special distribution of
71.6 cts per exchangeable unit, which includes 67.62 cts from
return on capital and 3.98 cts from income gains.
Reuter
|
REPUBLICANS EYE BIGGER U.S. CONSERVATION RESERVE | A group of Republican governors and
members of Congress said they intended to explore expanding the
conservation reserve program by up to 20 mln acres.
Under current law, between 40 and 45 mln acres of erodible
land must be enrolled in the program by the end of fiscal 1990.
The Republican Task Force on Farm and... |
ARVIN INDS <ARV> PROMOTES EVANS TO PRESIDENT | Arvin Industries Inc said L.K.
Evans has been elected president, succeeding James Baker who
remains chairman. Evans had been executive vice president.
Reuter
|
EMHART CORP <EMH> QTLY DIVIDEND | Qtly div 35 cts vs 35 cts prior
Payable March 31
Record March nine
Reuter
|
U.S. DATA POINT TO CAPITAL SPENDING SLOWDOWN | A surprise 7.5 pct drop in U.S. January
durable goods orders points to a slowdown in capital spending
that could presage lackluster real growth in the U.S. economy
in the first quarter of 1987, economists said.
With total orders, excluding the volatile defense sector,
falling a record 9.9 pct, economists agreed tha... |
SENATORS INTRODUCE EXPORT LICENSING REFORM BILL | Sens. Alan Cranston (D-Cal.) and
Daniel Evans (R-Wash.) said they introduced export licensing
reform legislation that could save U.S. companies hundreds of
thousands of dollars annually.
"Our emphasis is two-fold: Decontrol and de-license items
where such actions will not endanger our national security, and
elimina... |
AM INTERNATIONAL <AM> CITES STRONG PROSPECTS | AM International Inc, reporting an
operating loss for the January 31 second quarter, said
prospects for the balance of the fiscal year remain good.
It said orders at its Harris Graphics subsidiary, acquired
in June 1986, "continue to run at a strong pace." For the six
months, orders rose 35 pct over the correspondi... |
CCC CREDITS FOR HONDURAS SWITCHED TO WHITE CORN | The Commodity Credit Corporation (CCC)
announced 1.5 mln dlrs in credit guarantees previously
earmarked to cover sales of dry edible beans to Honduras have
been switched to cover sales of white corn, the U.S.
Agriculture Department said.
The department said the action reduces coverage for sales
of dry edible beans ... |
ASSETS OF U.S. MONEY FUNDS ROSE IN WEEK | Assets of money market mutual funds
increased 720.4 mln dlrs in the week ended yesterday to 236.90
billion dlrs, the Investment Company Institute said.
Assets of 91 institutional funds rose 356 mln dlrs to 66.19
billion dlrs, 198 general purpose funds rose 212.5 mln dlrs to
62.94 billion dlrs and 92 broker-dealer f... |
GULF BARGE FREIGHT RATES UP FURTHER ON CALL | Gulf barge freight rates firmed again on
the outlook for steady vessel loadings at the Gulf, increasing
the demand for barges to supply those ships, dealers said.
No barges traded today on the St Louis Merchants' Exchange
call session, versus 29 yesterday.
Quotes included -
- Delivery this week on the Illinois... |
ARGENTINA COULD SUSPEND DEBT PAYMENTS - DEPUTY | Argentina could suspend payments on
its foreign debt if creditor banks reject a 2.15 billion dlr
loan request to meet 1987 growth targets, ruling Radical Party
Deputy Raul Baglini told a local radio station.
"Argentina does not discard the use of (a moratorium) if the
negotiations do not produce a result that guara... |
KEY U.S. TAX WRITERS SEEK ESTATE TAX CURBS | The chairmen and senior Republican
members of the House and Senate tax writing committees proposed
legislation to curb estate tax deduction on sales of stock to
an employee stock ownership plan.
The proposal would raise federal revenues of 6.7 billion
dlrs over the fiscal year period 1987 to 1991.
If adopted by... |
TREASURY BALANCES AT FED ROSE ON FEB 25 | Treasury balances at the Federal
Reserve rose on Feb 25 to 4.151 billion dlrs from 2.727 billion
dlrs the previous business day, the Treasury said in its latest
budget statement.
Balances in tax and loan note accounts fell to 25.137
billion dlrs from 25.780 billion dlrs on the same respective
days.
The Treasury... |
CANADA'S WILSON SEEKS TEMPORARY BORROWING | Canadian Finance Minister Michael Wilson
said he will use temporary authority under the Financial
Administration act to borrow an additional 600 mln dlrs in next
Thursday's treasury bill auction.
In a statement, Wilson said the action would permit the
government to proceed with its debt program during a period
when... |
GULF APPLIED <GATS> SELLS UNITS, SEES GAIN | Gulf Applied Technologies Inc said it
sold its pipeline and terminal operations units for 12.2 mln
dlrs and will record a gain of 2.9 mln dlrs in the first
quarter.
It added that any federal taxes owed on the transaction
will be offset by operating loss carryovers.
Reuter
|
FARMERS GROUP INC <FGRP> 4TH QTR NET | Shr 80 cts vs 72 cts
Net 55,513,000 vs 48,741,000
Revs 290.9 mln vs 264.2 mln
Year
Shr 3.09 dlrs vs 2.72 dlrs
Net 213,470,000 vs 184,649,000
Revs 1.12 billion vs 992.9 mln
Avg shrs 69,127,000 vs 68,004,000
Reuter
|
POTOMAC ELECTRIC POWER CO <POM> JAN NET | Shr 27 cts vs 29 cts
Net 13,555,000 vs 14,635,000
Revs 104,606,000 vs 110,311,000
Avg shrs 47.2 mln vs 47.1 mln
12 mths
Shr 4.10 dlrs vs 3.66 dlrs
Net 226,653,000 vs 186,790,000
Revs 1.4 billion vs 1.3 billion
Avg shr 47.1 mln vs 47.1 mln
NOTE: latest 12 mths net includes gain 46... |
SPRINGBOARD <SPBD> IN DEAL | Springboard Software INc said it
signed a contract under which International Technology
Development Corp will provide software designers, programmers,
project supervisors and technical support personnel to
Springboard.
International Technology, based in San Francisco and
Shanghai, China, employs Chinese computer sp... |
<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 in... |
U.S. WEEKLY SOYBEAN CRUSH 21,782,929 BUSHELS | Reporting members of the National
Soybean Processors Association (NSPA) crushed 21,782,929
bushels of soybeans in the week ended Feb 25 compared with
22,345,718 bushels in the previous week and 16,568,000 in the
year-ago week, the association said.
It said total crushing capacity for members was 25,873,904
bushels ... |
SCHULT HOMES OFFERING PRICED AT FIVE DLRS/UNIT | The underwriters said the initial
offering of 833,334 Schult Homes Corp units is being made at
five dlrs per unit.
The underwriters, managed by Janney Montgomey Scott Inc and
Woolcott and Co Inc, said each unit consits of one common share
and one warrant to purchase one-half a common share at 5.50
dlrs per share un... |
TULTEX CORP <TTX> SETS QUARTERLY DIVIDEND | Qtly div eights cts vs eight cts prior
Pay April one
Record March 13
Reuter
|
BURLINGTON <BUR> GETS 30.5 MLN DLR CONTRACT | Burlington Menswear of New York City,
a division of Burlington Industries Inc, has received a 30.5
mln dlr defense contract for 3.69 mln yards of tropical cloth,
the Defense Logistics Agency said.
reuter
|
ROCKWELL <ROK> GETS 28.3 MLN DLR B-1 CONTRACT | Rockwell International Corp has
received a 28.3 mln dlr contract for work on the B-1B bomber in
the current fiscal year, the Air Force said.
reuter
|
ATICO FINANCIAL CORP <ATFC> 4TH QTR NET | Shr 30 cts vs 5.92 dlrs
Net 1,142,000 vs 16.0 mln
Revs 10.6 mln vs 24.2 mln
Year
Shr 90 cts vs 6.20 dlrs
Net 3,320,000 vs 16.9 mln
Revs 45.00 mln vs 26.2 mln
NOTE: 1986 4th qtr and yr amounts include acquisition of
98.8 pct of common of Atico, formerly Peninsula Federal Savings
and Loan Asso... |
ICO EXPORTERS TO MODIFY NEW PROPOSAL | International Coffee Organization (ICO)
exporters will modify their new proposal on quota resumption
before presenting it to importers tomorrow, ICO delegates said.
The change, which will be discussed tonight informally
among producers, follows talks after the formal producer
session with the eight-member producer ... |
U.S. COMMERCIAL PAPER FALLS 375 MLN DLRS IN FEB 18 WEEK, FED SAYS
| |
N.Y. BUSINESS LOANS FALL 195 MLN DLRS IN FEB 18 WEEK, FED SAYS
| |
NEW YORK BANK DISCOUNT WINDOW BORROWINGS 64 MLN DLRS IN FEB 25 WEEK
| |
QUEBECOR <PQB> HEAD SEES NEW VENTURES LIKELY | Quebecor Inc, one of Canada's largest
publishing and printing companies, is likely to launch a new
daily newspaper in Montreal, probably this fall, president
Pierre Peladeau told Reuters in an interview.
The company, which last week won a bid to buy the Quebec
government's 55 pct interest in pulp and paper company ... |
NEW YORK BUSINESS LOANS FALL 195 MLN DLRS | Commercial and industrial loans on the
books of the 10 major New York banks, excluding acceptances,
fell 195 mln dlrs to 65.06 billion in the week ended February
18, the Federal Reserve Bank of New York said.
Including acceptances, loans declined 114 mln dlrs to 65.89
billion.
Commercial paper outstanding natio... |
N.Y. BANK DISCOUNT BORROWINGS 64 MLN DLRS | The eight major New York City banks had
64 mln dlrs in average borrowings from the Federal Reserve in
the week to Wednesday February 25, a Fed spokesman said.
The week marked the second half of the two-week bank
statement period that ended on Wednesday. The banks had no
borrowings in the prior week.
Commenting ... |
PHILIPPINE LONG DISTANCE <PHI> YEAR NET | Shr primary 95.30 pesos vs 29.71 pesos
Shr diluted 61.11 pesos vs 18.49 pesos
Qtly div 1.25 pesos vs 1.25 pesos
Net 1.9 billion vs 779 mln
Revs 6.1 billion vs 4.7 billion
NOTE: Full name Philippine Long Distance Telephone Co.
Figures quoted in Philippine Pesos.
Dividend payable April 15 to h... |
LIBERTY ALL-STAR EQUITY FUND INITIAL DIV | Qtly div five cts vs N.A.
Payable April two
Record March 20
NOTE:1986 dividend includes special two cts per share for
the period beginning with the fund's commencement of operations
on Novebmer three through December 31, 1986.
Reuter
|
COLUMBIA GAS SYSTEM INC <CG> REDEEMS DEBENTURES | The Columbia Gas Systems Inc said
it will redeem 4.7 mln dlrs principal amount of its 9-1/8 pct
debentures, series due May 1, 1996, and five mln dlrs
principal amount of its 10-1/4 pct debentures, series due May
1, 1999.
The company said it is redeeming the debentures to meet
mandatory sinking fund requirements.
... |
COMBUSTION ENGINEERING INC <CSP> REGULAR DIV | Qtly div 25 cts vs 25 cts prior
Pay April 30
Record April 16
Reuter
|
TONKA CORP <TKA> RAISES DIVIDEND | Qtly div two cts vs 1.7 cts
Pay March 26
Record March 12
Reuter
|
BDM INTERNATIONAL <BDM> INCREASES QTRLY DIVS | Annual div Class A 14 cts vs 12 cts prior
Annual div Class B 12.1 cts vs 10.4 cts prior
Payable April one
Record March 20
NOTE: full name is BDM International Inc.
Reuter
|
SORG <SRG> STOCKHOLDERS FORM GROUP | Sorg Inc said a group composed of
one-third of the stockholders in Sorg agreed not to sell their
holdings without the consent of the entire group.
Sorg said the group also agreed to vote as a body on any
proposed merger or election of directors.
The company further said it retained the First Boston Corp
to act ... |
SYSTEMATICS INC <SYST> REGULAR PAYOUT | Qtly div three cts vs three cts prior
Pay March 13
Record February 27
Reuter
|
TEXAS INSTRUMENTS <TXN> DEVELOPS NEW CHIP | Texas Instruments Inc said it has
developed the first 32-bit computer chip designed specifically
for artificial intelligence applications.
The company said the new microprocessor, measuring
one-centimeter square and containing 553,687 transistors, is
the densest chip ever made.
The chip was designed, Texas Inst... |
CONSOLIDATED GAS <CNG>UNIT SAYS NO RULES BROKEN | Consolidated Natural Gas
System's Consolidated Gas Transmission Corp said it is in
compliance with all federal regulations regarding the disposal
of polychlorinated biphenyls, or PCBs.
The company said it successfully cleaned up the only
earthen pit at which PCBs were reported to be above
Environmental Protection A... |
U.S. M-1 MONEY SUPPLY RISES 2.1 BILLION DLRS IN FEB 16 WEEK, FED SAYS
| |
<IVACO INC> YEAR NET | Shr 1.11 dlrs vs 1.04 dlrs
Net 44,092,000 vs 35,145,000
Revs 1.94 billion vs 1.34 billion
Note: 1986 results include extraordinary gain of 1,035,000
dlrs or six cts a share from secondary share offering of Canron
unit.
Reuter
|
U.S. BANK DISCOUNT BORROWINGS AVERAGE 310 MLN DLRS IN FEB 25 WEEK, FED SAYS
| |
U.S. BANK NET FREE RESERVES 644 MLN DLRS IN TWO WEEKS TO FEB 25, FED SAYS
| |
INVESTMENT FIRMS CUT CYCLOPS <CYL> STAKE | A group of affiliated New York
investment firms said they lowered their stake in Cyclops Corp
to 260,500 shares, or 6.4 pct of the total outstanding common
stock, from 370,500 shares, or 9.2 pct.
In a filing with the Securities and Exchange Commission,
the group, led by Mutual Shares Corp, said it sold 110,000
Cycl... |
ASCS TERMINAL MARKET VALUES FOR PIK GRAIN | The Agricultural Stabilization and
Conservation Service (ASCS) has established these unit values
for commodities offered from government stocks through
redemption of Commodity Credit Corporation commodity
certificates, effective through the next business day.
Price per bushel is in U.S. dollars. Sorghum is priced p... |
CORADIAN CORP <CDIN> 4TH QTR NET | Shr profit three cts vs loss three cts
Net profit 363,000 vs loss 197,000
Revs 3,761,000 vs 2,666,000
Year
Shr profit one cent vs loss 37 cts
Net profit 129,000 vs loss 1,715,000
Revs 11.4 mln vs 10.9 mln
Avg shrs 10,694,081 vs 4,673,253
Reuter
|
N.Z. TRADING BANK DEPOSIT GROWTH RISES SLIGHTLY | New Zealand's trading bank seasonally
adjusted deposit growth rose 2.6 pct in January compared with a
rise of 9.4 pct in December, the Reserve Bank said.
Year-on-year total deposits rose 30.6 pct compared with a
26.3 pct increase in the December year and 34.5 pct rise a year
ago period, it said in its weekly statis... |
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