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Plans to rejuvenate Poland's economy by reducing central government control would help reassure Western creditors that the country's economy was safe to invest in, a senior Polish official said. "The business of granting loans to Poland is not as bad a business as you might imagine," senior Polish government spokesman Jerzy Urban told a news conference in Stockholm. Urban, visiting the Swedish capital to deliver a lecture at the Foreign Policy Institute, announced earlier this week that Poland would soon offer shares to private citizens in state companies in a bid to make the economy more responsive. This was part of a major economic reform to be announced in the coming weeks, he said. Urban said the main problem with his country's foreign debt burden of 32 billion dollars was short term interest charges but the long term looked more secure. He said he hoped talks under way with the Paris Club, grouping Poland's main government creditors, would shortly solve the problem of short term servicing. Urban told reporters that debt servicing was hampering the expansion of the national economy, but that the new plans for economic reform would "open new vistas for Polish exports." He criticised the blocking efforts of some Western governments, whom he declined to name, for putting political considerations ahead of economic co-operation. "After the lifting of U.S. Sanctions against the Polish economy we considered all political obstacles had been removed, but that has not been the case," Urban said. REUTER

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"15140"

8-APR-1987 12:41:38.39

POLAND REASSURES CREDITORS ON ECONOMIC REFORMS

Shr 59 cts vs 46 cts Net 2.4 mln vs 1.9 mln Revs 122.5 mln vs 105.9 mln Six months Shr 1.13 dlrs vs 84 cts Net 4.5 mln vs 3.4 mln Revs 242.5 mln vs 210.1 mln NOTE: 1986 share adjusted for 2-for-1 stock split. Reuter

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"4124"

"15141"

8-APR-1987 12:43:03.91

MAYFAIR SUPER MARKETS INC <MYFRA> 2ND QTR FEB 28

The Bank of France said it will offer 9.5 billion francs worth of negotiable Treasury bills at its next weekly tender on April 13. The total includes four billion francs worth of 13-week bills, 2.5 billion francs of two-year bills and three billion francs of five-year bills. At this week's tender on Monday the Bank sold a total of 7.7 billion francs worth of 13 and 26-week bills against an original offer of seven billion and demand for 22.66 billion. REUTER

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"4126"

"15143"

8-APR-1987 13:00:08.84

FRANCE SETS 9.5 BILLION FRANC T-BILL TENDER

Shr 33 cts vs 31 cts Net 9,219,017 vs 8,515,539 Revs 112.0 mln vs 95.4 mln Reuter

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"4127"

"15144"

8-APR-1987 13:00:14.90

<BATON BROADCASTING INC> SIX MTHS FEB 28 NET

Shr loss 24 cts vs profit seven cts Net loss 5,952,000 vs profit 2,078,000 Revs 55.9 mln vs 50.6 mln Avg shrs 25.2 mln vs 24.7 mln Nine mths Shr loss 11 cts vs profit 24 cts Net loss 2,673,000 vs profit 6,800,000 Revs 162.6 mln vs 143.9 mln Avg shrs 25.0 mln vs 24.4 mln NOTE: Current year net both periods includes pretax charge seven mln dlrs from increase in reserve for investments in broadcast television entities and tax credits of 1,002,000 dlrs in quarter and 520,000 dlrs in nine mths. Reuter

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"4128"

"15145"

8-APR-1987 13:00:25.53

UNITED CABLE TELEVISION CORP <UCT> 3RD QTR NET

Investment Canada said it has allowed the indirect takeover of Holt, Rinehart and Winston Canada Ltd., W.B. Saunders Co of Canada Ltd and Les Editions HRW Ltd by Harcourt Brace Jovanovich Canada Inc. The government agency said, however, Harcourt Canada has agreed to sell control of the firms to Canadian interests within two years. Harcourt Canada's U.S. parent, Harcourt Brace Jovanovich Inc <HBJ>, indirectly acquired the Canadian book publishing companies when it purchased Holt Rinehart and Winston from CBS Inc <CBS> last October. Reuter

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"4129"

"15146"

8-APR-1987 13:02:34.97

CANADA ALLOWS PUBLISHING TAKEOVER BY HARCOURT

The largest U.S. textile maker focused on its own business as its competitors found merger partners, but now Burlington Industries Inc may have restructured itself into an attractive takeover candidate, analysts said. The takeover spotlight fell today on Burlington, which rose 4-7/8 to 52-7/8 on speculation that investor Asher Edelman and Dominion Textiles Inc of Canada bought an almost five pct stake. A published report said Edelman and Dominion jointly acquired a stake in Burlington and were weighing a takeover offer. Edelman would not comment, and a spokesman for Montreal-based Dominion called the report just "rumors." Burlington said it did not know if the report was true. Wall Street professionals said they were not convinced of the story or that Edelman and Dominion would be the victors if Burlington actually came into play. Arbitragers said past comments from Dominion, however, added credence to the speculation. Dominion has said that it was looking for a takeover in the U.S. Last year, Dominion unsuccessfully bid for Avondale Mills and has maintained a 120 mln dlr line of credit to be used for a U.S. acquisition. A Dominion spokesman said Canada's largest textile producer has been negotiating with "many" U.S. textile companies, but would not say whether Burlington was among them. "There have been acquisitions in this area. It's not unusual that someone could be looking at Burlington after the housecleaning they've done," said Eileen Gormley of Thomson McKinnon. Burlington sold its domestic operations, which made sheets and other linens, to J.P. Stevens and Co Inc for 110 mln dlrs last year. It also has reorganized management, and focused its operations on businesses that would be less affected by foreign competition, Gormley said. "They've pulled back so as not to be a commodity marketer," said Gormley. She said in moving more heavily into industrial fabrics, Burlington bought C.H. Masland, which supplies carpets and other fabric to the auto industry. "In the past, they just spent and never realized the return on the outlays they did make," she said. "You look at their record over the year, and I think they're poised to be more profitable than they had been in the past," Gormley said. She estimated 1987 earnings of 2.50 dlrs per share, up from 2.01 dlrs per share. Some analysts today recommended clients not buy Burlington at its current levels. Edward Johnson of Johnson Redbook said he recommends selling. He said he believes the stock is worth only about 50 dlrs on a takeover basis and about 46 dlrs on an earnings basis. Some arbitragers, however, said takeover values have been placed on the company of 60 to 65 dlrs per share. "After Asher's (Edelman) recent history, a lot of people don't find him very credible anymore," said one arbitrager. Another, however, said Edelman succeeds in forcing managements to take steps to enhance shareholder values even if he doesn't win the target company. Edelman was unsuccessful last year in offers for Lucky Stores Inc and Fruehauf Corp. He did succeed in buying Ponderosa Inc. The stocks of other textile makers rose along with Burlington. J.P. Stevens <STN> climbed 5/8 to 44-7/8, and Fieldcrest Cannon Inc <FLD>, the result of a merger of Fieldcrest and Cannon, rose 1-1/8 to 39-3/4. West Point-Pepperell Inc <WPM> rose 1-7/8 to 67-1/8. Reuter

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"4463"

"15149"

8-APR-1987 13:06:52.07

TALKING POINT/BURLINGTON INDUSTRIES <BUR>

Shr profit 10 cts vs loss 17 cts Net profit 206,000 vs loss 281,000 Revs 1,022,00 vs 344,000 Reuter

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"4466"

"15152"

8-APR-1987 13:08:17.96

STERIVET LABORATORIES LTD <STVTF> 1ST QTR NET

Shr loss 48 cts vs loss 19 cts Net loss 746,000 vs loss 342,000 Revs 3,213,000 vs 2,925,000 Reuter

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"4136"

"15153"

8-APR-1987 13:08:21.26

STERIVET LABORATORIES LTD <STVTF> YEAR LOSS

Senior Japanese officials tomorrow open talks with American trade negotiators in a last-ditch effort to avert new high U.S. tariffs to be imposed on a wide variety of Japanese electronic exports. Makoto Kuroda, vice minister of Japan's Ministry of International Trade and Industry (MITI), is to hold two days of meetings with the Deputy U.S. Trade Representative, Michael Smith, and the Under Secretary of Commerce, Bruce Smart. The new tariffs, to go into effect on April 17, are in retaliation for Japan's failure to adhere to an agreement to end dumping semiconductors in world markets at below cost and to open its home market to U.S. semiconductor shipments. They are to be imposed on goods which use semiconductors, including television and audio equipment and computers. Both U.S. and Japanese officials have said there was little likelihood the talks would do anything to avert the 100 pct duties on 300 mln dlrs worth of Japanese shipments. President Reagan announced the planned tariffs on March 27 after he said that close monitoring of the July 1986 U.S.-Japanese semiconductor pact convinced U.S. officials that Japan was not honoring the agreement. In making the annoucement, Reagan said "I am committed to the full enforcement of our trade agreements designed to provide American industry with free and fair trade." Trade analysts said his move was aimed as much at Japan's semiconductor trade practices, which are said to have injured the U.S. semiconductor industry, as Congress, which has complained about presidential timidity on trade issues. Congressional Democrats have pledged to enact aggressive trade laws to counter what they contend has been Reagan's inaction to redress the growing U.S. trade deficit, which last year reached 169.8 billion dlrs. About one-third of the deficit was with Japan. Reagan said there were recent signs Japan was beginning to adhere to the pact and that was why he was not terminating it. Kuroda said on leaving Tokyo today he had no new proposals but did have an explanation of the semiconductor situation. He told the daily newspaper Ashai Shimbun that Reagan's decision was based on inaccurate data and an exaggerated sense of MITI's power to control Japanese traders. "The United States has excessive expectations.," he said. To stabilize supply-demand relations which have been disrupted by excess inventories since 1985 will take some time." He also said that U.S. firms had not been aggressive enough in trying to sell in the Japanese market. Reuter

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"4137"

"15154"

8-APR-1987 13:08:33.80

JAPAN IN LAST-DITCH EFFORT TO AVERT TARIFFS

Emerson Radio Corp said it has sold 10 mln dlrs of eight pct senior notes due March 1992 to a major institutional investor it did not name. The company also said 5,800,000 dlrs of its convertible subordinated notes due 1997 have been converted into 728,476 common shares. Reuter

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"4138"

"15155"

8-APR-1987 13:08:54.02

EMERSON RADIO <EME> SELLS NOTES PRIVATELY

<Hoechst Celanese Corp> said it sent propsective customers a confidential report describing its polyester textile fiber facilities in North Carolina and South Carolina. The company did not disclose any prices. The report describes the facilities in Darlington County, S.C., and Fayetteville, N.C., the company said. The report also decribes related manufacturing, marketing, administrative and technical resources that could be made avialable to a buyer. Hoechst Celanese was formed Feb 27 by the merger of Celanese Corp and American Hoechst Corp. The merger took place after an agreement was reached with the Federal Trade Commission that certain domestic polyester textile fiber assets of the combined companies would be divested, it said. Hoechst Celanese said it has the option of divesting either the South Carolina facilities of the former American Hoechst or a package of polyester textile fiber facilities of the former Celanese. Reuter

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"4139"

"15156"

8-APR-1987 13:09:33.53

HOECHST CELANESE SENDS REPORT ON NEW FACILITIES

Qtly div 25 cts vs 25 cts prior Payable May 6 Record April 24 Reuter

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"4471"

"15157"

8-APR-1987 13:09:59.96

MELLON PARTICIPATING MORTGAGE TRUST <MPMTS> DIV

A Treasury official said there are no plans to try to reduce the U.S. budget deficit by issuing yen-denominated bonds that would become known as "Reagan bonds." "It simply isn't something that we are planning to do," the official said. He added the Treasury was aware of Japanese news reports suggesting the Reagan administration might issue such bonds as the former Carter administration did when it sold "Carter bonds" denominated in West German marks. But he said the situation was greatly different now. "If you look at the differences between the treasury market now and in the Carter administration years, it is a much more global market now," the official said. "There was not the same ease then for the holder of another currency to buy other countries' securities," he added, "But there is no difficulty now for them to purchase dollars and buy U.S. securities." The United States needs dollars, not Japanese yen, to pay its debts and reduce the deficit and so has no plans to issue yen-denominated bonds, he emphasized. Reuter

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"4141"

"15158"

8-APR-1987 13:10:55.21

U.S. TREASURY SAYS NO PLANS FOR SPECIAL BONDS

General Electric Co Plc <GECL.L> (GEC) declined comment on rumours on the London stock market that it is planning another purchase in the U.S. Medical equipment field, in addition to its existing U.S. Subsidiary <Picker International Inc>. A GEC spokesman said that it is company policy not to comment on acquisition rumours. Stock Exchange traders said the rumour helped GEC's share price to rise 5p, to a final 206p from yesterday's closing price of 201p. Reuter

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"4144"

"15161"

8-APR-1987 13:12:50.47

U.K. GEC DECLINES COMMENT ON U.S. PURCHASE RUMOUR

Preston corp said it expects to report a loss of about 300,000 dlrs or five cts per share for the first quarter, compared with a profit of 1,081,000 dlrs or 19 cts per share a year before. The trucking company attributed the loss to the continued rate of discounted in its primary markets, flat revenues and increased costs, including uninsured claims expense resulting from adverse weather conditions during the last three months. It said results outside the Northeast were strong, and it expects to show improved results for the rest of the year. Reuter

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"4145"

"15162"

8-APR-1987 13:12:55.51

PRESTON CORP <PTRK> SEES FIRST QUARTER LOSS

The Federal Reserve entered the U.S. Government securities market and offered to buy all maturities of Treasury notes and bonds, a Fed spokesman said. He said this coupon "pass," which adds permanent reserves to the banking system, was for regular delivery tomorrow. Dealers said that Federal funds were trading at 6-7/16 pct when the Fed announced the operation. Economists had been expecting the Fed to do this because of the need to offset seasonal factors expected to drain reserves heavily over the next few weeks. The Fed had previously offered to buy all coupon issues on March 31. Reuter

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"4146"

"15163"

8-APR-1987 13:14:01.82

FED SAYS IT OFFERS TO BUY ALL COUPON ISSUES

Western Digital Corp said its 47 mln dlrs of 6-3/4 pct convertible debentures due 2011, which had been called for redemption, were converted into 2,685,142 common shares. Reuter

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"4150"

"15167"

8-APR-1987 13:17:33.89

WESTERN DIGITAL <WDC> DEBENTURES CONVERTED

Eastman Kodak Co is raising 25 mln dlrs through an offering of notes due 1997, said sole underwriter Morgan Stanley and Co Inc. The notes have a 7-1/2 pct coupon and an initial offering price of 99.625 to yield 7.34 pct, or 20 basis points over five-year Treasury notes. Morgan said the notes will be reoffered to investors at variable prices. Non-callable for life, the issue is rated Aaa by Moody's Investors Service Inc and AA by Standard and Poor's Corp. Investors can sell the notes back to the company in 1992. Reuter

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"4151"

"15168"

8-APR-1987 13:18:19.01

EASTMAN KODAK <EK> SELLS 25 MLN DLRS OF NOTES

Presidential spokesman Marlin Fitzwater said U.S. trade sanctions against Japan were likely take effect on April 17 in spite of a "full court press" by Japanese officials to avoid them. "All indications are they will take effect," he said. "I would say Japan is applying the full court press ... They certainly are putting both feet forward in terms of explaining their position," Fitzwater told reporters. He noted high level meetings on the trade dispute are underway here but said, "I don't think there's anything I can report and I don't believe there's been any official movement." REUTER

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"4154"

"15171"

8-APR-1987 13:19:26.77

WHITE HOUSE STANDING FIRM ON JAPANESE SANCTIONS

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"4155"

"15172"

8-APR-1987 13:19:40.08

DOW JONES AND CO INC FIRST QUARTER SHR 69 CTS VS 64 CTS

Shr 30 cts vs 28 cts Net 5,000,000 vs 4,600,000 Revs 125.2 mln vs 123.9 mln Note: 52 pct-owned by Dana Corp <DCN>. Reuter

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"4158"

"15175"

8-APR-1987 13:23:16.10

<HAYES-DANA INC> 1ST QTR NET

The following proposed securities offerings were filed recently with the Securities and Exchange Commission: Stone Container Corp <STO> - Secondary offering of 1,633,453 shares of common stock and offering of 300,000 shares of common stock, both through Morgan Stanley and Co Inc and Goldman, Sachs and Co. American Continental Corp <AMCC> - Shelf offering of up to 250,000 shares of 100 dlr cumulative convertible preferred stock through Offerman and Co Inc. Reuter

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"4159"

"15176"

8-APR-1987 13:23:32.07

PROPOSED OFFERINGS RECENTLY FILED WITH THE SEC

Western Digital Corp said it has completed the redemption of its 47 mln dlrs of 6-3/4 pct convertible subordinated debentures due 2011. The debt was surrendered for conversion into comon stock, resulting in 2,685,142 shares being issued. Reuter

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"TRAINING-SET"

"4160"

"15177"

8-APR-1987 13:23:57.64

WESTERN DIGITAL <WDC> REDEEMS DEBT

The basic deposit on cocoa futures contracts will be reduced by 25 pct as from Friday, April 10, taking the required deposit for one 10 tonne lot to 300 stg from 400 previously, a spokesman for the International Commodity Clearing House (ICCH) said. The deposit for spread contracts will be similarly cut, to 150 stg for a one 10 tonne lot from 200 previously, he said. The ICCH had been looking at cocoa market fluctuations over a period of weeks, he said, adding the market's basic stability had warranted a cut in deposit rates. The decision to cut deposits was taken by the ICCH after consultation with the London Cocoa Terminal Market, the spokesman said. The cuts were likely to attract more business to the market, he said. Reuter

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"4162"

"15179"

8-APR-1987 13:25:18.02

COCOA TERMINAL DEPOSITS TO BE CUT 25 PCT - ICCH

Shr 20 cts vs 32 cts Net 1,358,000 vs 2,476,000 Revs 27.1 mln vs 26.2 mln Nine Mths Shr 68 cts vs 1.05 dlrs Net 4,957,000 vs 8,129,000 Revs 82.6 mln vs 78.8 mln Reuter

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"4163"

"15180"

8-APR-1987 13:25:58.36

ELECTRO RENT CORP <ELRC> 3RD QTR FEB 28 NET

"BRIEF"

"TEST"

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"4168"

"15185"

8-APR-1987 13:28:07.39

WALGREEN CO 2ND QTR SHR 62 CTS VS 58 CTS

Shr loss two cts vs profit nine cts Net loss 74,000 vs profit 418,000 Sales 18.2 mln vs 17.5 mln Year Shr profit nine cts vs profit 26 cts Net profit 426,000 vs profit 1,170,000 Sales 58.7 mln vs 56.7 mln Reuter

"NORM"

"TEST"

"TRAINING-SET"

"4171"

"15188"

8-APR-1987 13:29:35.04

JUDY'S INC <JUDY> 4TH QTR JAN 31 LOSS

Shr profit 2.26 dlrs vs loss 81 cts Net profit 9,785,000 vs loss 3,422,000 Revs 26.0 mln vs 18.9 mln Avg shrs 4,316,000 vs 4,207,000 1st half Shr profit 2.75 dlrs vs loss 1.07 dlrs Net profit 11.9 mln vs loss 4,486,000 Revs 39.0 mln vs 37.2 mln Avg shrs 4,318,000 vs 4,181,000 NOTE: Current year net both periods includes gain 9,500,000 dlrs from sale of Orange-Co of Florida subsidiary to American Agrnomics Corp <AGR>. Net includes pretax real estate disposition loss 920,000 dlrs vs gain 52,000 dlrs in quarter and loss 863,000 dlrs vs gain 117,000 dlrs in half. Prior year net includes tax credits of 2,132,000 dlrs in quarter and 3,039,000 dlres in half. Current half net includes 2,051,000 dlr pretax gain 2,051,000 dlrs from change in accounting. Reuter

"NORM"

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"4172"

"15189"

8-APR-1987 13:30:20.12

ORANGE-CO INC <OJ> 2ND QTR FEB 28 NET

Shr 69 cts vs 64 cts Net 66,719,000 vs 61,773,000 Rev 285.6 mln vs 259.7 mln NOTE: Earnings include after-tax gain of 29.4 mln dlrs, or 30 cts a share, versus after-tax gain of 31.4 mln dlrs, or 32 cts a share, for 1986 first quarter. Earnings per share reflects a 50 pct stock dividend in the form of a class B common stock distribution on June 30, 1986. Reuter

"NORM"

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"4173"

"15190"

8-APR-1987 13:30:43.55

DOW JONES AND CO INC <DJ> 1ST QTR NET

Standard and Poor's Corp said it cut to CCC-plus from B-minus Lanesborough Corp's 50 mln dlrs of senior subordinated notes. S and P said the downgrade reflected Lanesborough's planned purchase of Ampex Corp from Allied-Signal Inc <ALD> for 479 mln dlrs. "The acquisition represents a dramatic departure from management's stated financial policies," S and P said. It also said that Lanesborough is making a major investment in a venture with extremely high financial risk. The company's implied senior debt rating is B. Reuter

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"4174"

"15191"

8-APR-1987 13:31:24.55

LANESBOROUGH'S SUBORDINATED NOTES LOWERED BY S/P

LORD ABBETT BOND DEBENTURE FUND Qtly div 28 cts vs 29 cts prior Pay May 5 Record April 9 --- LORD ABBETT U.S. GOVERNMENT SECURITIES FUND Daily div 2.9 cts vs 2.9 cts prior Pay May 15 Record May 15 LORD ABBETT TAX FREE INCOME FUND NATIONAL SERIES Daily div 6.7 cts vs 6.7 cts prior Pay May 15 Record May 15 --- LORD ABBETT TAX FREE INCOME NEW YORK SERIES Daily div 6.7 cts vs 6.7 cts prior Pay May 15 Record May 15 LORD ABBETT TAX FREE INCOME TEXAS SERIES Daily div 5.9 cts vs 5.9 cts prior Pay May 15 Record May 15 --- LORD ABBETT CALIFORNIA TAX FREE INCOME Daily div of 6.2 cts vs 6.2 cts prior Pay May 15 Record May 15 Reuter

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"4176"

"15193"

8-APR-1987 13:33:04.03

LORD ABBETT AND CO MUTUAL FUND DIVIDENDS

Dutch brewer Heineken NV said it hoped to maintain for a number of years a similar earnings growth to the 7.5 pct increase in net profit achieved in 1986, despite continuing investments in a reorganization program and efforts to extend world penetration. Heineken last month reported a 1986 net profit of 285 mln guilders, after 265 mln in 1985. Chairman Freddie Heineken said the company, Europe's leading beer producer with six pct of market share in 1986, said sales increased by 6.3 pct to 42.1 mln hectoliters. The volume increase was due mainly to a rise in the U.S., Where the brand Amstel Lite saw great demand, and in Europe, where sales accounted for 25.5 pct of the total. Turnover, despite losses in guilder terms due to weaker foreign currencies, rose by 4.4 pct, to 6.7 billion guilders. Further consolidation of foreign companies, including the increase of its stake in leading Spanish brewery <El Aguila S.A.> to 51.2 pct, new ventures and modernization, particularly in French and Spanish interests, eroded profit margins. The company still planned to invest 700 mln guilders this year in restructuring and marketing, Heineken said. Heineken's Spanish activities should start yielding profit next year, Heineken said, adding that its French operations had already turned to profit after vast rationalization last year. Vice Chairman Gerard van Schaik said the decision by the European Court of Justice in Luxembourg to allow foreign beer into the closed West German market -- Europe's biggest beer market -- offered interesting possibilities for Heineken. "We have the beer, but distribution and sales is the important point," van Schaik said, adding that since the ruling Heineken had been inundated by German traders seeking joint ventures. "The question is not if we want to penetrate the German market, but how we are to do it," van Schaik said, adding that while the widely traveled Germans seemed to be developing a taste for foreign beer, the internal structure was very regionalized. Heineken board member Hans Coebergh, responsible for African operations, said he saw Africa as one of the most important beer growth markets in the long term. He said the company, present in Africa since 1932 and with majority stakes in six breweries and interests in 25, was hampered by the lack of hard currencies there. Africa, where beer consumption averages only nine liters per head per year and sales are limited by import restrictions and currency risks, nonetheless accounted for 6.5 pct of total 1986 sales. On-site production is rendered expensive by the high price of imports of essential ingredients. But Heineken scientists have been looking at other possibilities. To balance the costs of imported malt, Heinken launched on the Nigerian market a new beer made of 50 pct sorghum, which had sold successfully, Coebergh said. Heineken is urging farmers to grow the traditional raw materials, but Coebergh noted that banana and palm beer were popular in Rwanda . "This is a possibility, but we could not possibly achieve the Heineken flavor," Coebergh said. Chairman Heineken said the company's seven year efforts to penetrate the Soviet market had finally resulted this week in a contract that relaxed some of the restrictions they faced. But again, a lack of hard currencies limited Heineken's market potential. Heineken now has seven bars in Moscow that are enjoying good sales, but the bars only accept western money. Reuter

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"4177"

"15194"

8-APR-1987 13:34:14.92

HEINEKEN SEES HIGHER PROFITS, WIDER PENETRATION

Qtly div 13-1/2 cts vs 12-1/2 cts prior qtr Pay 12 June Record 21 May Reuter

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"4180"

"15197"

8-APR-1987 13:37:05.66

WALGREEN CO <WAG> VOTES QUARTERLY DIVIDEND

A Colombia government trade official has urged the business community to aggressively diversify its activities and stop relying so heavily on coffee. Samuel Alberto Yohai, director of the Foreign Trade Institute, INCOMEX, said private businessmen should not become what he called "mental hostages" to coffee, traditionally Colombia's major export. The National Planning Department forecast that in 1987 coffee will account for only one-third of total exports, or about 1.5 billion dlrs, with oil and energy products making up another third and non-traditional exports the remainder. Reuter

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"4181"

"15198"

8-APR-1987 13:39:33.92

COLOMBIA BUSINESS ASKED TO DIVERSIFY FROM COFFEE

Turkey said today its disputes with Greece, including rights on the continental shelf in the Aegean Sea, should be solved through negotiations. A Foreign Ministry statement said the latest crisis between the two NATO members stemmed from the continental shelf dispute and an agreement on this issue would effect the security, economy and other rights of both countries. "As the issue is basicly political, a solution can only be found by bilateral negotiations," the statement said. Greece has repeatedly said the issue was legal and could be solved at the International Court of Justice. The two countries approached armed confrontation last month after Greece announced it planned oil exploration work in the Aegean and Turkey said it would also search for oil. A face-off was averted when Turkey confined its research to territorrial waters. "The latest crises created an historic opportunity to solve the disputes between the two countries," the Foreign Ministry statement said. Turkey's ambassador in Athens, Nazmi Akiman, was due to meet Prime Minister Andreas Papandreou today for the Greek reply to a message sent last week by Turkish Prime Minister Turgut Ozal. The contents of the message were not disclosed. Reuter

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"4183"

"15200"

8-APR-1987 13:45:08.83

TURKEY CALLS FOR DIALOGUE TO SOLVE DISPUTE

Frontier Insurance Group Inc said it is currently negotiating to acquire the business of Medical Quadrangle Inc, formerly its largest medical malpractice insurance producer, and the business of its other malpractice producer, Medical Professional Liability Agency Inc. It gave no details. Reuter

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"4187"

"15204"

8-APR-1987 13:48:28.73

FRONTIER INSURANCE <FRTR> IN ACQUISITION TALKS

Oper shr 25 cts vs six cts Oper net 840,000 vs 139,000 Revs 8,290,000 vs 4,743,000 Avg shrs 3,335,029 vs 2,400,000 Year Oper shr 97 cts vs 53 cts Oper net 2,546,000 vs 1,275,000 Revs 28.8 mln vs 18.5 mln Avg shrs 2,635,665 vs 2,400,000 NOTE: Net excludes investment gain four cts shr vs loss six cts in quarter and gain five cts vs loss six cts in year. Reuter

"NORM"

"TEST"

"TRAINING-SET"

"4188"

"15205"

8-APR-1987 13:48:35.94

FRONTIER INSURANCE GROUP INC <FRTR> 4TH QTR NET

The official in charge of agricultural matters in the new round of global trade talks is in Washington today and tomorrow to meet with congressional and Reagan administration officials. Aart de Zeeuw, chairman of the General Agreement on Tariffs and Trade's negotiating group on agriculture, met this morning with members of the House Agriculture Committee. Committee sources said De Zeeuw expressed concern over protectionism and high farm price supports. House lawmakers noted that in 1985 the United States took steps to reduce loan rates, committee staff said. "Members told him (De Zeeuw) that we lowered our (U.S.) loan rates and can't eliminate subsidies unilaterally," one source said. De Zeeuw was told of the U.S. lawmakers' frustration with Japan's restrictive rice import policy, and members defended the U.S. dairy policy, which aims to cut surplus production by subsidizing producers to trim herds, sources said. Later today De Zeeuw will meet the Senate Agriculture members and Undersecretary of State Affairs Allen Wallis. Tomorrow, De Zeeuw is to meet the House Ways and Means Trade Subcommittee and the Senate Finance Committee, before visiting Agriculture Secretary Richard Lyng. De Zeeuw goes to Canada later this week. His trip to North America is part of his attempt to meet farm policy leaders in the key GATT member states. The negotiating group on agriculture held its first meeting in February and is expected to meet again in May. Reuter

"NORM"

"TEST"

"TRAINING-SET"

"4189"

"15206"

8-APR-1987 13:48:57.15

GATT OFFICIAL MEETS WITH U.S. FARM LEADERS

Shr 39 cts vs not given Net 707,000 vs 505,000 NOTE: Company went public in July 1986. Reuter

"NORM"

"TEST"

"TRAINING-SET"

"4190"

"15207"

8-APR-1987 13:55:24.73

SOUTHINGTON SAVINGS BANK <SSBB> 1ST QTR NET

Qtly div 12-1/2 cts vs 12-1/2 cts prior qtr Pay 20 May Record 20 April Reuter

"NORM"

"TEST"

"TRAINING-SET"

"4191"

"15208"

8-APR-1987 13:55:51.81

CATERPILLAR INC <CAT> VOTES QUARTERLY DIVIDEND

Datron Corp said it agreed to merge with GGHF Inc, a Florida-based company formed by the four top officers of the company. According to terms of the proposed transaction, each share of Datron common stock, excluding those shares owned by the four officers, will be converted into six dlrs a share, it said. Datron's officers hold about 73 pct of the total 896,000 Datron common shares outstanding, it said. (corrects company name, GGHF, in first paragraph) REUTER

"NORM"

"TEST"

"TRAINING-SET"

"4193"

"15210"

8-APR-1987 13:56:41.23

CORRECTED - DATRON <DATR> AGREES TO BUYOUT

Shr 62 cts vs 58 cts Qtly div 13-1/2 cts vs 13-1/2 cts prior Net 38.8 mln vs 35.7 mln Revs 1.18 billion vs one billion Six mths Shr 84 cts vs 86 cts Net 52 mln vs 52.9 mln Revs 2.14 billion vs 1.82 billion NOTE: Results include charge of four cts shr for latest six mths vs credit of five cts shr for prior six mths from investment tax credit Dividend payable June 12, record May 21 Reuter

"NORM"

"TEST"

"TRAINING-SET"

"4194"

"15211"

8-APR-1987 13:57:29.01

WALGREEN CO <WAG> 2ND QTR FEB 28 NET

The relatively high level of real U.S. interest rates suggests that there is scope for further declines in money market rates, but the Federal Reserve is unlikely to promote such a drop as long as the dollar remains volatile, said J.P. Morgan and Co Inc chairman Lewis Preston. He said in response to a reporter's question after the bank's annual meeting that money market rates could decline further but, "I don't think the Fed is going to encourage that as long as the exchange markets are as volatile as they are." On the other hand, he said that, barring a collapse of the dollar, he did not see rates going much higher. He said that Morgan's recent rise in its prime lending rate was "purely a reflection of an increase in a whole spectrum of rates." Preston reiterated earlier company forecasts that the U.S. economy should show roughly 2.5 to three pct real growth this year. He also said that as a consequence of the dollar's decline and oil price rises, inflation would rise "moderately" to a 3.5 to four pct rate in 1987. Reuter

"NORM"

"TEST"

"TRAINING-SET"

"4195"

"15212"

8-APR-1987 13:59:30.35

J.P. MORGAN<JPM> SAYS DLR MAY PREVENT FED EASING

Medtronic Inc said it sees 15 pct growth in sales and earnings for the year ending April 30, 1988. At an analysts meeting here the company said that for the year ending April 30, 1987 it will earn about 73 mln dlrs, or about 5.15-5.35 dlrs a share on sales of about 500 mln dlrs. In the year ago period, the company earned 53.4 mln dlrs, or 3.65 dlrs a share, on sales of 402.8 mln dlrs. Winston Wallin, Medtronic chairman, said the company will improve market share in fiscal 1988 in cardiac pacemakers and expand its cardiovascular therapeutic product line. Wallin cautioned analysts not to quickly change their per share estimates for the company as he said Medtronic will have heavy sales and marketing expenses in fiscal 1988. He said the company intends to reinvest its earnings in its businesses and not in its dividends. "Shareholders are better off if we grow the business rather than reinvest in dividends or share repurchases," he said. Wallin said he sees Medtronic's share of the total worldwide pacemaker market increasing to 42 pct in fiscal 1988, from 40 pct in fiscal 1987. He said the worldwide market for cardiovascualr therapeutic products, which includes pacemakers, valves, catheters and lasers, will be valued at about 2.5 billion dlrs 1990 and will double that by 1995. Wallin said, "Our objective is to get a hold of new products and start building market share if we have to beg, borrow or steal to get into new markets." In the past, Medtronic's pacemakers have been plagued with a number of problems leading to product recalls. Regulators also have criticized the industry, citing quality problems and a needless overprescription of pacemakers. "We have no knowledge of any major problems in our pacemakers or leads," Wallin said. "We intend to re-establish our company as the quality leader in the industry." Glen Nelson, executive vice president for Medtronics, said the company intends to diversify internally and through acquisitions of companies in areas of Medtronic's expertise, such as drug delivery systems. Wallin said the 15 pct earnings growth for fiscal 1988 does not include dilutions from acquisitions. "We hope to have some safety provisions so that we won't have any major dilutions from an acquisition." Wallin also said the company will have virtual exclusivity in rate responsive pacemakers for all of fiscal 1988. The company markets Activitrax, the first single chamber pacemaker that varies heartrate in response to physical activity. Siemens AG, a West German company, is also developing a rate responsive pacemaker. Reuter

"NORM"

"TEST"

"TRAINING-SET"

"4484"

"15213"

8-APR-1987 14:01:31.06

MEDTRONIC <MDT> SEES 15 PCT EARNINGS GROWTH

Construction group <Spie Batignolles> is negotiating to increase its holding in U.S. Engineering and electrical installations firm <Comstock>. Spie Batignolles, a subsidiary of Schneider SA <SCHN.PA>, said in a statement it was negotiating to invest 20 mln dlrs in Comstock in the form of bonds convertible into shares. Spie Batignolles has held a 20 pct stake in Comstock since February 1986. A spokesman said if Spie Batignolles converted all the new bonds, it could open the way for the French company to take control of Comstock but he gave no other details. Reuter

"NORM"

"TEST"

"TRAINING-SET"

"4200"

"15217"

8-APR-1987 14:04:59.85

SPIE BATIGNOLLES COULD INCREASE COMSTOCK HOLDING

Discussions on the possible extension of the sixth International Tin Agreement (ITA) began at the quarterly session of the International Tin Council (ITC) but the Council is still waiting for decisions from various member states. A number of producer governments in particular have not decided their final position on whether the ITA should be extended for up to two years or wound down after it expires on June 30, according to delegate sources. Earlier today European Community (EC) members decided to back an extension, with the exception of Britain, which undertook to communicate its decision to its EC partners later. Delegates said it could be Friday before all the member countries declare their positions on the possible extension. Today's full Council session started shortly before 1500 GMT after the scheduled 1330 start was delayed by an EC coordination meeting. The council reconvenes at 0930 GMT tomorrow, although delegates said the morning is likely to be taken up with minor technical matters and the main issue will probably not be discussed before the afternoon session. Reuter

"NORM"

"TEST"

"TRAINING-SET"

"4202"

"15219"

8-APR-1987 14:07:50.81

TALKS CONTINUE ON TIN AGREEMENT EXTENSION

Pakistan is likely to produce a record 7.6 mln bales (375 lbs each) of cotton from the current 1986/87 crop, exceeding a target of 7.2 mln bales, Food and Agriculture Minister Mohammad Ibrahim Baluch said. He told a Pakistan Central Cotton Committee meeting here the present was the third consecutive poroduction record-setting year and said the momentum would be accelerated in the future, the official APP news agency reported. Baluch said indications were that Pakistan is to attain a record cotton production of 7.6 mln bales, compared to the 1985/86 crop of 7.2 mln bales which also represented the target earlier set by authorities for this year's production. Reuter

"NORM"

"TEST"

"TRAINING-SET"

"4203"

"15220"

8-APR-1987 14:08:02.04

PAKISTAN COTTON CROP SEEN RECORD 7.6 MLN BALES

Shr 54 cts vs 24 cts Net 633,300 vs 300,859 Sales 15.2 mln vs 13.0 mln Avg shrs 1,165,047 vs 1,224,982 Year Shr two dlrs vs 1.64 dlrs Net 2,379,400 vs 2,011,924 Sales 58.6 mln vs 54.0 mln Avg shrs 1,187,828 vs 1,223,511 Reuter

"NORM"

"TEST"

"TRAINING-SET"

"4204"

"15221"

8-APR-1987 14:08:24.22

TRANZONIC COS <TNZ> 4TH QTR FEB 28 NET

"BRIEF"

"TEST"

"TRAINING-SET"

"4205"

"15222"

8-APR-1987 14:11:21.13

SECURITY PACIFIC EXPECTS BRAZIL LOAN ACTION TO CUT NET BY 7.2 MLN DLRS

The White House said high U.S. Tariffs on Japanese electronic goods would likely be imposed as scheduled on April 17, despite an all-out effort by Japan to avoid them. Presidential spokesman Marlin Fitzwater made the remark one day before U.S. And Japanese officials are to meet under the emergency provisions of a July 1986 semiconductor pact to discuss trade and the punitive tariffs. Fitzwater said: "I would say Japan is applying the full-court press...They certainly are putting both feet forward in terms of explaining their position." But he added that "all indications are they (the tariffs) will take effect." Reuter

"NORM"

"TEST"

"TRAINING-SET"

"4206"

"15223"

8-APR-1987 14:12:07.22

WHITE HOUSE SAYS JAPANESE TARRIFFS LIKELY

Showboat Inc will take a charge of 19 to 20 mln dlrs pretax against results for the third quarter ended March 31, director and assistant to the president J. Kell Houssels III told Reuters. He said the charge results from pre-operating expenses of its recently-opened Atlantic City, N.J., Showboat Hotel, Casino and Bowling Center and will cause a loss for the third quarter and probably for all of fiscal 1987 as well. But Houssels said Showboat's earnings for fiscal 1988 should show a sharp increase from fiscal 1986 levels due to the contribution of the new Atlantic City facility. Showboat earned 1,753,000 dlrs in last year's third quarter. For all of fiscal 1986 it earned 5,769,000 dlrs. Houssels said Showboat since the opening of the Atlantic City hotel/casino, Showboat has had to start charging interest expenses connected with debt it sold to finance the facility directly against income rather than capitalizing the interest as it had been able to do previously. Showboat opened the hotel during its third quarter and gaming began last Thursday on a regular basis after test gaming was completed earlier in the week. Reuter

"NORM"

"TEST"

"TRAINING-SET"

"4490"

"15226"

8-APR-1987 14:19:32.05

SHOWBOAT <SBO> TO TAKE CHARGE, SEES 3RD QTR LOSS

Security Pacific Corp said it is placing medium and long-term loans to Brazil and Ecuador on a non-accrual basis as of March 31, a move that will reduce first quarter earnings by 7.2 mln dlrs, or nine cts per share, after taxes. Despite the anticipated reduction to quarterly earnings, Security Pacific said it still expects to report first quarter earnings higher than the 88 mln dlrs, or 1.11 dlrs per share reported for the first quarter of 1986. The bank holding company said the action affects 401 mln dlrs of loans to Brazil and 73 mln of loans to Ecuador. Brazil suspended interest payments on its 68 billion dlrs of medium- and long-term debt on February 20. Ecuador, which has foreign debt of roughly eight billion dlrs, has not paid any interest to foreign banks since February. In March Ecuador said it would suspend interest payments for the rest of the year because of an earthquake which halted the export of oil, which accounts for about 75 pct the country's export revenues. In its announcement, Security Pacific said it will record interest income only as it is received in cash. The company also said it believes that Brazil will reach an agreement with its banks and that interest payments will resume later in 1987. The Brazilian negotiations resume on Friday in New York when Central Bank Governor Francisco Gros is expected to ask banks for a 90-day roll-over of some 9.5 billion dlrs of term debt that matures on April 15. Reuter

"NORM"

"TEST"

"TRAINING-SET"

"4491"

"15227"

8-APR-1987 14:23:05.12

SECURITY PACIFIC <SPC> LOANS PUT ON NON-ACCRUAL

Iraq said today its troops were pushing Iranian forces out of positions they had initially occupied when they launched a new offensive near the southern port of Basra early yesterday. A High Command communique said Iraqi troops had won a significant victory and were continuing to advance. Iraq said it had foiled a three-pronged thrust some 10 km (six miles) from Basra, but admitted the Iranians had occupied ground held by the Mohammed al-Qassem unit, one of three divisions attacked. The communique said Iranian Revolutionary Guards were under assault from warplanes, helicopter gunships, heavy artillery and tanks. "Our forces are continuing their advance until they purge the last foothold" occupied by the Iranians, it said. (Iran said its troops had killed or wounded more than 4,000 Iraqis and were stabilising their new positions.) The Baghdad communique said Iraqi planes also destroyed oil installations at Iran's southwestern Ahvaz field during a raid today. It denied an Iranian report that an Iraqi jet was shot down. Iraq also reported a naval battle at the northern tip of the Gulf. Iraqi naval units and forces defending an offshore terminal sank six Iranian out of 28 Iranian boats attempting to attack an offshore terminal, the communique said. Reuter

"NORM"

"TEST"

"TRAINING-SET"

"4492"

"15230"

8-APR-1987 14:25:27.74

IRAQI TROOPS REPORTED PUSHING BACK IRANIANS

Shr 15 cts vs nine cts Qtly div six cts vs six cts in prior qtr Net 2,002,261 vs 1,168,638 Revs 29.2 mln vs 29.3 mln Avg shrs 13.1 mln vs 13.0 mln Nine mths Shr 49 cts vs 36 cts Net 6,404,536 vs 4,623,295 Revs 92.2 mln vs 88.2 mln Avg shrs 13.1 mln vs 13.0 mln NOTE: Dividend is payable April 30 to holders of record April 20 Reuter

"NORM"

"TEST"

"TRAINING-SET"

"4216"

"15233"

8-APR-1987 14:32:40.34

GOLDEN ENTERPRISES INC <GLDC> 3RD QTR FEB 28 NET

A meeting of finance ministers and central bankers of the Group of Five ended after nearly three and a half hours. West German Finance Minister Gerhard Stoltenberg and British Chancellor of the Exchequer Nigel Lawson declined to comment on the meeting as they emerged from the U.S. Treasury. A European monetary official said the ministers of the Group of Seven countries would gather at about three p.m. local (1900 GMT) at the Treasury. Reuter

"NORM"

"TEST"

"TRAINING-SET"

"4217"

"15234"

8-APR-1987 14:33:37.00

GROUP OF FIVE MEETING ENDS

The U.S. Agriculture Department is preparing a proposal that would require all foreign meat products to be inspected at their point of arrival in the United States, a USDA official said. Donald Houston, administrator of USDA's Food Safety and Inspection Service, FSIS, told a House Agriculture subcommittee USDA was developing a proposed change in regulations that would put an end to the current practice of permitting foreign meat products to be unloaded at one port and inspected at another port. Houston said the requirement would be phased in over several years to "avoid disruptions and economic hardship." Reuter

"NORM"

"TEST"

"TRAINING-SET"

"4220"

"15237"

8-APR-1987 14:53:17.91

USDA TO PROPOSE FOREIGN MEAT INSPECTION RULE

Union Texas Petroleum said its worldwide proved reserves fell to 511 mln barrels of oil equivalent at the end of 1986 from 555 mln barrels reported in 1985. In its newly released annual report, Union Texas said it replaced about 71 pct of its production of 56 mln barrels of oil equivalent last year after taking into account the sale of 27 mln barrels of U.S. reserves. Union Texas, the nation's largest independent oil and gas producer based on revenues, is a privately-held company owned by Kohlberg Kravis Roberts and Co and Allied-Signal Inc <ALD>. The Houston-based company said it lost 57.5 mln dlrs on 1.26 billion dlrs in sales last year, compared to profits of 165 mln dlrs on 2.04 billion dlrs in sales in 1985. Union Texas said it received an average of 13.35 dlrs per barrel for its international oil production and 2.99 dlrs per mcf for its foreign natural gas sales. The majority of the company's total energy production is in the United Kingdom, Indonesia and Pakistan. In the United States, Union Texas said it completed evaluation work on its oil find in Alaska's Colville Delta area. "Although significant oil reserves were confirmed, development of this discovery will not be economical without substantially higher prices," the company said. Union Texas said it planned to spend about 42 mln dlrs over the next two years to develop its Eugene Island Block 371 in the Gulf of Mexico. In 1987, the company said it budgeted 178 mln dlrs for capital spending, less than half of the amount spent in 1985 and down from 199 mln dlrs budgeted last year. Union Texas also said it would seek acquisitions of oil and gas properties as well as petrochemical-related businesses. Reuter

"NORM"

"TEST"

"TRAINING-SET"

"4221"

"15238"

8-APR-1987 14:55:03.37

UNION TEXAS OIL RESERVES DROPPED IN 1986

UAL Inc may have a response this afternoon to the pilots union proposal to buy its United Airlines unit, a UAL spokesman said. "Obviously, we have a lot of movement in our stock, and we need to get a clarification out," the spokesman said, adding that there was a "50-50" chance a statement would be released today. The pilots earlier this week offered to buy the airline for 2.3 billion dlrs, and assume 2.2 billion dlrs of existing debt. Takeover speculation has driven UAL's stock for several weeks. UAL last month said New York Real estate developer Donald Trump held a position in its stock, and that he also held discussions with its chairman. The developer indicated in those talks that he took the position as an investment, but he revealed no other plans. Today, rumors circulated that Coniston Partners were buying UAL stock. UAL jumped five to 70-3/4 on volume of more than 3.2 mln shares. "United has got to consider this proposal. I think the pilot's proposal is realistic. I don't exptect them to take it, but it could put some interesting options in front of UAL management," said Timothy Pettee, Bear Stearns and co analyst. Analysts have said UAL made itself vulnerable to attack when it diversified away from its core airline. It added Hertz rental cars, Westin and Hilton International hotels in a strategy to become a travel service company. The strategy left its stock in a slump and its pilots union concerned that the company was not focussing enough attention on its airline. UAL has stood firm on its strategy. It is emphasizing its new focus by changing its name to Allegis, as of May one. But takeover speculation has escalated, and Wall Street has been busy calculating break up values well in excess of 100 dlrs per share. Traders today described the buying in UAL as widespread, indicative to them that big institutions believe the stock is in play. Market sources have said that although Trump attracted attention to the stock, the pilots proposal acted as a catalyst, kicking off a new round of speculation and perhaps throwing the company into the hands of another buyer. "The first domino is you have an investor with a considerable stake. the second domino is the union. That type of attitude has been a precursor to airline deals in the past," said Pettee. "What's interesting is the values are there. There's something for everybody," he said. Reuter

"NORM"

"TEST"

"TRAINING-SET"

"4494"

"15239"

8-APR-1987 14:56:04.60

UAL <UAL> MAY RESPOND TO PILOTS TODAY

Hartmarx Corp, following a year of restructuring, continues to target record earnings for fiscal 1987, Chairman John Meinert told the annual meeting. Meinert reiterated an earlier comment that earnings for the remainder of the year must double the 1986 level to meet that goal. In fiscal 1986, ended November 30, 1986, Hartmarx reported earnings of 24.8 mln dlrs, or 1.20 dlrs a share, down from the prior year's 42.7 mln dlrs, or 2.25 dlrs a share. The 110-year-old apparel manufacturer recently posted first-quarter earnings of 54 cts a share, up from 40 cts a year ago. Meinert told shareholders Hartmarx has no plans to sell any of its divisions. He added, "We have the financial capacity to take advantage of acquisitions." In 1987, Meinert said the company will open five new and 10 redesigned Kuppenheimer direct-to-consumer stores in Atlanta, Detroit, St. Louis, Washington, D.C. and San Francisco. He said the company's women's apparel continues to grow, and Hartmarx has on the drawing board a Briar concept store which will feature ties, shirts and some tailored clothing. Reuter

"NORM"

"TEST"

"TRAINING-SET"

"4223"

"15240"

8-APR-1987 15:02:11.19

HARTMARX <HMX> TARGETS EARNINGS GROWTH

"BRIEF"

"TEST"

"TRAINING-SET"

"4225"

"15242"

8-APR-1987 15:03:03.51

FED'S HELLER SEES RETURN TO SLOWER MONEY SUPPLY GROWTH

"BRIEF"

"TEST"

"TRAINING-SET"

"4226"

"15243"

8-APR-1987 15:03:07.55

GENERAL ELECTRIC CO 1ST QTR SHR 1.37 DLRS VS 1.18 DLRS

Ghana will import 15,000 tonnes of crude oil annually from Iran under an agreement reached in Tehran today, the Iranian news agency IRNA reported. The agency, received in London, said the accord was reached between Iranian Oil Minister Gholamreza Aqazadeh and a visiting Ghanaian delegation headed by Foreign Minister Obed Asamoah. IRNA said that under the agreement, Iran will also provide technical and scientific assistance in manpower training and oil exploitation, production and refining. Reuter

"NORM"

"TEST"

"TRAINING-SET"

"4227"

"15244"

8-APR-1987 15:04:59.32

GHANA TO BUY CRUDE OIL FROM IRAN

Robert Heller, a member of the Federal Reserve Board, said he expects "more modest levels" of growth in the money supply this year. "In my view, this would not only be a logical, but also a most desireable development," he said in a speech prepared for delivery to an economic forum at Chapman College in Orange, Calif. A text was released in Washington. He said the effect of lower inflation and financial deregulation on monetary aggregates was now largely finished. "Consequently, monetary growth may return to more modest levels," Heller said. He noted growth in the money supply slowed after mid-January. "I would not be surprised at all if the monetary aggregates were to grow rather slowly during the balance of the year as well," he added. Heller said there was a danger of renewed price inflation. "The pricing behavior of American producers in response to price increases of their foreign competitors will be crucial for our economic future," he said. Widespread domestic price rises in response to rising import prices would "generalize the inflationary forces emanating from the foreign trade sector" and might not gain more market share for U.S. producers. "A return to the stagflation of the late 1970s may well be the result of such a behavior pattern," Heller warned. He said "we at the Federal Reserve will have to be disciplined in our conduct of monetary policy." Heller said said the government should also exercise fiscal discipline and cut the deficit by spending restraint rather than new taxes. "The imposition of new taxes would tend to rekindle inflation and certainly would not make us more competitive in international markets," Heller said. He said the U.S. economy should expand by nearly three pct during 1987, aided by higher exports to Europe and Canada. A free trade agreement currently being negotiated with Canada "would be exceedingly helpful in allowing American producers to compete more effectively in that country," Heller said. Reuter

"NORM"

"TEST"

"TRAINING-SET"

"4229"

"15246"

8-APR-1987 15:06:29.65

FED'S HELLER SAYS MONETARY GROWTH TO BE SLOWER

Shr 1.37 dlrs vs 1.18 dlrs Net 624 mln vs 537 mln Sales 8.32 billion vs 5.88 billion NOTE: Prior year does not include results of RCA Corp. Reuter

"NORM"

"TEST"

"TRAINING-SET"

"4230"

"15247"

8-APR-1987 15:08:22.36

GENERAL ELECTRIC CO <GE> 1ST QTR NET

NSA Inc said, in an attempt to go private and repurchase its shares, it is offering to exchange a five year subordinated investment note for each share held by shareholders with more than 600 shares. NSA said the investment note will carry a face value of one dlr and will pay five annual principal installments, as well as quarterly interest payments on the outstanding principal amount at an eight pct annual rate. NSA added that for shareholders with less than 600 shares it is offering to purchase their shares for cash at one dlr per share. Reuter

"NORM"

"TEST"

"TRAINING-SET"

"4499"

"15249"

8-APR-1987 15:13:12.58

<NSA INC> OFFERS TO REPURCHASE OWN SHARES

Energy Development Partners Ltd said it had an operating loss for the year ended December 31 of 2.4 mln dlrs, or 40 cts per share. But it said a 41.5 mln dlr non-cash writeoff of oil and gas properties taken in the first quarter resulted in a net loss of 43.9 mln dlrs, or 7.21 dlrs per share. Energy Development Partners, is a limited partnership which began operating in September 1985. Full year revenues totaled 23.7 mln dlrs, the company also said. It said proved reserves at December 31 totaled 4.8 mln barrels of oil and 88 mln cubic feet of natural gas. Reuter

"NORM"

"TEST"

"TRAINING-SET"

"4233"

"15250"

8-APR-1987 15:13:26.70

ENERGY DEVELOPMENT <EDP> HAD YEAR LOSS

Financial ministers and central bankers of leading industrial nations reconvened here this afternoon. Canadian Finance Minister Michael Wilson said on entering the meeting the ministers would review the Paris agreement. Asked if he was satisfied with West German and Japanese stimulus, Wilson replied, "They could do a little more." French Finance Minister Edouard Balladur, meanwhile, confirmed there would be a communique at the end of the meeting. Finance ministers and central bankers of Britain, FRance, Canada and West Germany were seen by Reuter correspondents returning to a Treasury building. Japanese officials and Bundesbank President Karl Otto Poehl did not appear to have left the building at the end of earlier Group of Five talks which broke up around 2 p.m. local time (1800 gmt). There was no sign, however, of the Italian delegation whose position was thrown into question this morning by the resignation of the Christian Democratic wing of Italy's Socialist-led government. European monetary officials said later that the Italian delegation was inside the building. This meant that a full blown meeting of the Group of Seven was in progress. Reuter

"NORM"

"TEST"

"TRAINING-SET"

"4236"

"15253"

8-APR-1987 15:21:56.07

INDUSTRIAL NATIONS RECONVENE FOR TALKS

The U.S. meat and poultry inspection programs are incapable of protecting consumers from contaminated products, groups representing inspectors and consumers charged. "The whole trend of inspection for the last 10 years has been to corrupt and to degrade the system where today the public is at constant risk to contaminated and adulterated meat," Kenneth Blaylock, president of the American Federation of Government Employees, told a House Agriculture subcommittee. "The American consumer has little reason to feel confident about the safety of meat and poultry being offered to him today," said Rodney Leonard, executive director of the Community Nutrition Institute. "Company management is less concerned about the risk to health than about raising plant output and company profits," Leonard told a hearing of the House Agriculture Subcommittee on Livestock, Dairy and Poultry. Kenneth Morrison, staff associate at the Government Accountability Project, said inspectors consistently disclose violations of federal law, demonstrating a "serious breakdown in the entire inspection system." Morrison told of chicken fat for flavoring being contaminated by "intestines dragging in a water trough used to flush away the condemned product, fecal material, human spit, chewing gum and paper towels used by plant employees to blow their noses." Donald Houston, administrator of the U.S. Agriculture Department's Food Safety and Inspection Service, FSIS, defended the government's program, calling it "one of the most respected public health programs in the world." FSIS inspects an estimated 127 mln head of cattle and 4.5 billion chicken and turkeys every year. Houston said inspection programs have kept pace with change, but conceded that the danger of chemical residues in the meat and poultry supply has increased. He also said that, although he was confident the bacterium salmonella eventually could be eradicated, it would take time and much money to contain the growing problem. Salmonella, which in extreme cases can cause death, is found in approximately 37 pct of U.S. broilers, 12 pct of raw pork and three to five pct of raw beef, Houston said. The number of reported cases has doubled over the past 20 years, he said, to 40,000 cases annually. "We certainly really have not found an effective means of turning this disease around," said Rep. James Olin (D-Va.) The National Research Council recommended in 1985 that FSIS intensify efforts to develop rapid diagnostic procedures for detecting microoganisms. But the meat and poultry industries have said such controls would cost too much. "Hopefully we will not overreact by installing unnecessarily complicated procedures that may become obstacles to the real goal of providing an increasingly safer, more nutritious and economical meat supply for consumers," Stanley Emerling, executive vice president of the National Association of Meat Purveyors, said. Blaylock, speaking on behalf of food inspectors, said a new program allowing elimination of USDA inspection functions at certain plants "voids the law in letter and spirit, and must be repealed or we will see rising consumer fraud and an epidemic of death and illness for which there will be no prevention nor legal recourse." Subcommittee Chairman Charles Stenholm (D-Tex.) said the panel would hold a hearing on salmonella June 2. Reuter

"NORM"

"TEST"

"TRAINING-SET"

"4501"

"15254"

8-APR-1987 15:22:24.60

U.S. MEAT, POULTRY INSPECTION CALLED FAULTY

Chrysler Corp and Regie Natiionale des Usines Renault said they agreed to extend by up to two weeks the period for reaching definitive agreement on Chrysler's proposed 1.5 billion dlr takeover of American Motors Corp. The letter of intent signed by Chrysler and Renault on March nine set April nine as the target date for completing negotiations. However, the letter also allowed room for an extension of that date to April 23 if an agreement could not be reached. The two companies said they "now plan to complete work by April 23." Chrysler and Renault said, "Given the complex nature of the deal, the need for additional time was to be expected." The March letter of intent between the two companies says that Chrysler could ask Renault to extend the agreement date "in the event that prior to April 9, 1987, Chrysler discovers an unforeseen problem in the course of its 'due diligence' investigation of the company," referring to American Motors. A Chrysler spokeswoman would not say whether some problem had cropped up in the talks. She stuck by the company's statement that more time was needed because the talks are complex. "That is our definition of the delay," she said. Under the previous agreement between Chrysler and Renault, their letter of intent would be terminated on April nine or when an agreement was reached. But the letter could be amendend by a written agreement by both companies. The Chrysler spokeswoman said, "We are still working toward a definitive agreement." Said another Chrysler official who is not part of the talks but who would be told if the deal were in trouble: "There are no glitches." Analysts also downplayed the significance of the delay. "I can't visualize where they wouldn't want it to be done," said Donaldson Lufkin Jenrette analyst Richard Henderson. Reuter

"NORM"

"TEST"

"TRAINING-SET"

"4502"

"15255"

8-APR-1987 15:24:13.33

CHRYSLER <C> RENAULT DELAY AM MOTORS <AMO> PACT

Qtly div 16-1/2 cts vs 16-1/2 cts Pay April 27 Record April 20 Reuter

"NORM"

"TEST"

"TRAINING-SET"

"4241"

"15258"

8-APR-1987 15:28:24.71

RITE AID CORP <RAD> SETS DIVIDEND

Shr loss five cts vs loss six cts Net loss 696,777 vs loss 598,095 Sales 472,812 vs 41,454 Nine mths Shr loss 15 cts vs loss 17 cts Net loss 2,194,482 vs loss 1,751,884 Sales 800,336 vs 151,884 Reuter

"NORM"

"TEST"

"TRAINING-SET"

"4242"

"15259"

8-APR-1987 15:28:49.15

AIRSENSORS INC <ARSN> 3RD QTR JAN 31 LOSS

"BRIEF"

"TEST"

"TRAINING-SET"

"4245"

"15262"

8-APR-1987 15:32:46.05

CANADA PLANS TO MONITOR STEEL IMPORTS, EXPORTS, TRADE MINISTER SAYS

General Electric Corp said its first quarter results were significantly higher due to the strong results of RCA, which was acquired last year. General Electric also attibuted continued strong performances in plastics, major appliances and the Employers Reinsurance Corp for its strong quarter. GE recorded net earnings for the first quarter 1987 of 624 mln dlrs, or 1.37 dls per shr, up 16 pct from 537 mln dlrs, or 1.18 dlrs per share for the same quarter a year ago. General Electric chairman John Welch Jr reiterated the company's outlook for 1987 in which it expects double-digit GE earnings growth for the year. He said the first quarter results are in line with those expectations. General Electric cited the strong results in TV network and station operations of the National Broadcasting Co, which was not part of GE in the first quarter of 1986, as one reason for its strong earnings. It also noted that aircraft engine operating profit was much higher than a year ago, caused by a increase in shipments than the 1986 quarter, which was impacted by a strike. Aerospace revenues were sharply higher in this year's first quarter from a year ago, mainly because of the inclusion of RCA's aerospace and defense business, the company said. In addition, consumer products revenues were up from last year, mainly because of including sales of RCA video products. General Electric said restructuring provisions of 308 mln dlrs before taxes to implement various strategic moves were charged against operations in the first quarter of 1987. It added that there was a one-time gain of 281 mlns dlrs after taxes from an inventory accounting change. And technical products revenues and operating profit were ahead of last year, led by a strong increases in medical systems volume and the inclusion this year of RCA's communications and related services. Reuter

"NORM"

"TEST"

"TRAINING-SET"

"4504"

"15263"

8-APR-1987 15:34:05.19

GENERAL ELECTRIC <GE> 1ST QTR HELPED BY RCA

<Teck Corp> said it was continuing talks about joining a joint copper venture at Highland Valley, British Columbia, held by affiliates Cominco Ltd <CLT> and <Lornex Mining Corp>, but did not know when negotiations would be completed. Teck vice-president of administration John Guminski said in reply to a query that the talks had been "ongoing for a long time." He declined to speculate on the outcome. Cominco, 29.5 pct owned by a consortium led by Teck, is optimistic that the talks will soon be concluded, spokesman Don Townson told Reuters. "I think all partners are hopeful that the situation will be resolved," Cominco's Townson said. "We're optimistic that they will be concluded shortly," he added. Townson declined to specify when the talks might end. Cominco and Teck's 22 pct-owned Lornex agreed in January 1986 to form the joint venture, merging their Highland Valley copper operations. Cominco and Lornex share equally in control and management of the Highland Valley operations, while Cominco has a 55 pct share of production and Lornex receives 45 pct. For the six months following July 1, 1986, when the venture officially started production, Highland Valley had total ore milled of 22.6 mln short tons, grading an average of 0.41 pct copper, Townson said. Cominco's share of production was 43,000 short tons of copper contained in concentrate, 1,200 short tons of Molybdenum in concentrate, 340,000 ounces of silver and 800 ounces of gold, he said. A consortium, 50 pct owned by Teck and 25 pct each by MIM (Canada) Inc and Metallgesellschaft Canada Ltd, acquired its Cominco stake last year from Canadian Pacific Ltd <CP>. Reuter

"NORM"

"TEST"

"TRAINING-SET"

"4247"

"15264"

8-APR-1987 15:34:13.45

TECK STILL IN TALKS ON B.C. COPPER VENTURE

Shr 1.08 dlrs vs 1.00 dlr Net 6,215,538 vs 5,757,013 Reuter

"NORM"

"TEST"

"TRAINING-SET"

"4248"

"15265"

8-APR-1987 15:34:16.03

BANPONCE CORP <BDEP> 1ST QTR NET

Xebec Corp said it expects to report a loss for its second quarter ended April three, due principally to a decline in sales to International Business Machines Corp <IBM>, the company's largest customer. Xebec also said it expects revenues to total about 23 mln dlrs. The company reported a second quarter loss last year of 1.9 mln dlrs, or 14 cts per share, on 23.9 mln in revenues. Xebec said IBM has historically accounted for about 50 pct of the company's revenues, but that total fell to 20 pct during the quarter just ended. IBM had used Xebec's hard disk drive controller products in the IBM PC/XT, a product which IBM is phasing out. Xebec said it intends to continue streamlining its operations in light of the loss of business. The company also said it has already consolidated two of its plants in Nevada and it now plans to sell unused and surplus assets to provide additional liquidity. Reuter

"NORM"

"TEST"

"TRAINING-SET"

"4506"

"15270"

8-APR-1987 15:39:33.72

XEBEC <XEBC> TO REPORT 2ND QTR LOSS

The Commodity Credit Corporation has accepted a bid for an export bonus to cover a sale of 12,500 tonnes of wheat flour to Iraq, the U.S. AGriculture Department said. The bonus awarded was 113.0 dlrs per tonne and will be paid to Peavey Company in the form of commodities from CCC stocks. The wheat flour is for delivery May 15-June 15, 1987, the department said. An additional 162,500 tonnes of wheat flour are still available to Iraq under the Export Enhancement Program initiative announced January 7, 1987, USDA said. Reuter

"NORM"

"TEST"

"TRAINING-SET"

"4254"

"15271"

8-APR-1987 15:39:56.00

CCC ACCEPTS EXPORT BID FOR WHEAT FLOUR TO IRAQ

Egypt has been authorized to purchase about 200,000 tonnes of U.S. wheat under an existing PL-480 agreement, the U.S. Agriculture Department said. It may buy the wheat, valued at 22.0 mln dlrs, between April 15 and August 31, 1987, and ship it from U.S. ports by September 30, the department said. Reuter

"NORM"

"TEST"

"TRAINING-SET"

"4256"

"15273"

8-APR-1987 15:42:21.53

EGYPT AUTHORIZED TO BUY PL-480 WHEAT - USDA

Caterpillar Inc, in remarks delivered at its annual meeting in San Francisco, reiterated its expectation of a loss in the first quarter. It said results would be hurt by a 25 mln dlr one-time charge by Caterpillar Mitsubishi, a 50-pct owned affiliate. The company said it expected profit from operations for the full year to improve over 1986. In remarks prepared for delivery to shareholders, President Peter Donis said Caterpillar's targeted five pct cost reduction in 1987 "will be difficult to achieve because the weaker dollar has limited opportunities to obtain lower material costs." Reuter

"NORM"

"TEST"

"TRAINING-SET"

"4257"

"15274"

8-APR-1987 15:43:02.47

CATERPILLAR <CAT> REAFFIRMS FIRST QUARTER OUTLOOK

An investor group headed by Minneapolis, Minn., broker Jeffrey Wendel said it raised its stake in Zondervan Corp to 292,900 shares, or 7.1 pct of the total outstanding, from 238,900 shares, or 5.8 pct. In a filing with the Securities and Exchange Commission, the Wendel group said it bought 54,000 Zondervan common shares between March 24 and April 3 at prices ranging from 27.87 to 29.96 dlrs a share. The Wendel group has acted in cooperation with another shareholder group headed by London investor Christopher Moran, who sought unsuccessfully last year to take over Zondervan. Reuter

"NORM"

"TEST"

"TRAINING-SET"

"4259"

"15276"

8-APR-1987 15:47:37.30

BROKER BOOSTS ZONDERVAN <ZOND> STAKE TO 7.1 PCT

<Kiena Gold Mines Ltd> said shareholders approved a previously reported proposed two-for-one common stock split. Record date of the split will be April 21, Kiena said. Reuter

"NORM"

"TEST"

"TRAINING-SET"

"4261"

"15278"

8-APR-1987 15:50:48.18

KIENA TWO-FOR-ONE SHARE SPLIT APPROVED

Hanover Insurance Co said its board declared a quarterly dividend of nine cts per share payable May 15 to holders of record April 17. The dividend comes after a two-for-one stock split, effective April 10, which was approved by shareholders today. The company paid a dividend of 14 cts per share on a pre-split basis. Reuter

"NORM"

"TEST"

"TRAINING-SET"

"4263"

"15280"

8-APR-1987 15:52:35.12

HANOVER INSURANCE <HINS> RAISES DIVIDEND

Day International Corp said it has entered into a letter of intent to sell its Allen Industries Inc unit to a group including the unit's current management. Day said the sale could enable Day to accelerate its earnings for its current fiscal year ending October 31, 1987. "Net earnings for the full year (ending October 31) should be in the ball park of some analysts' estimates of 16 mln dlrs to 19 mln dlrs," Richard Jacob, Day chairman and chief executive officer said. Day reported earnings of 3.1 mln dlrs, or 39 cts a share, in fiscal 1986. Day said the agreement is subject to the preparation and negotiation of a definitive agreement and the ability of the group to obtain financing. Reuter

"NORM"

"TEST"

"TRAINING-SET"

"4264"

"15281"

8-APR-1987 15:53:17.19

DAY INT'L <DAY> TO SELL UNIT

Qtly div 16.5 cts vs 16.5 cts Pay April 27 Record April 20 Reuter

"NORM"

"TEST"

"TRAINING-SET"

"4266"

"15283"

8-APR-1987 15:54:31.92

RITE AID CORP <RAD> SETS QUARTERLY DIVIDEND

South Korea's purchase of about 2.4 mln tonnes of U.S. corn in the past six months -- close to double last year's total -- indicates that imports from the United States, as well as total imports are set for a dramatic jump, the U.S. Agriculture Department said. In its World Production and Trade Report, the department said total South Korea corn imports for the 1986/87 season (Oct-Sept) are estimated at 4.3 mln tonnes, with about 3.4 mln tonnes from the United States. During the 1985/86 season, imports totaled only 1.3 mln tonnes of U.S. corn out of a total of 3.6 mln tonnes. Ite appears the Koreans are shifting back to U.S. corn in light of competitive U.S. prices and uncertain supplies from China, Argentina and South Africa, it said. Reuter

"NORM"

"TEST"

"TRAINING-SET"

"4510"

"15287"

8-APR-1987 15:59:39.88

SOUTH KOREA CORN IMPORTS MAY INCREASE - USDA

The Group of 24 developing countries said in a communique that some kind of debt relief is necessary and called for "a new attitude" on the part of the banks. The communique, released in conjunction with the semiannual meetings of the International Monetary Fund and the World Bank, said the very low income countries needed a cancellation of debt to industrial countries, a conversion of part of their debt into grants and a rescheduling on concessional terms. For some other countries, the communique said, the debt cannot be properly serviced if the countries are to grow at the same time. "The debt overhang effects the capacity to grow as it reduces the ability to import," the communique said. It added: "Some kind of debt relief and a new attitude on the part of the banks is necessary." The communique added that debtor countries and banks have to explore new market mechanisms, debt into equity swaps, capitalization of interest and writeoffs. Reuter

"NORM"

"TEST"

"TRAINING-SET"

"4511"

"15288"

8-APR-1987 16:01:10.82

GROUP OF 24 COUNTRIES CALLS FOR DEBT RELIEF

the Peruvian government decreed that a wide range of firms would have to earmark between 20 and 30 pct of their 1986 net profits to buy treasury bonds this year. A presidential decree said that banking, financial and insurance firms as well as bottling and tobacco industries with 1986 sales of more than 1.6 mln intis would have to earmark 30 pct of their net profits from last year to buy the bonds. The bonds would be redeemed over the next two years and their interest rate would be set by the central bank. Textile, commercial and fishing canneries with sales over 1.24 mln intis would have to buy bonds equal to 20 pct of profits. The firms would have to buy the bonds between April and December 1987. The decree said the government adopted the move to obtain financing for high-priority investment projects, which it did not specify. The economy ministry says it aims to keep the public sector's budget deficit to between five and six pct of the gross domestic product (gdp). Last year, the deficit was six pct of gdp, according to the central bank. Reuter

"NORM"

"TEST"

"TRAINING-SET"

"4512"

"15289"

8-APR-1987 16:01:39.34

PERU DECREES FIRMS SHOULD BUY TREASURY BONDS

All steers imported into the United States from Mexico must now be branded with the letter M on the right jaw, the U.S. Agriculture Department said. In its World Production and Trade Report, the department said the branding is necessary to improve surveillance for bovine tuberculosis because it provides a permanent way to identify Mexican steers. The requirement is not expected to affect the number of Mexican steers imported into the United States and the brand will be applied before the animals arrive at U.S. ports of entry. Last November, the Mexican Government authorized an export quota of nearly 1.1 mln head of live cattle for the 1986/87 season (Aug-July), most of which goes to the United States. Reuter

"NORM"

"TEST"

"TRAINING-SET"

"4513"

"15290"

8-APR-1987 16:05:10.65

MEXICAN CATTLE IMPORTS TO BE BRANDED - USDA

Vulcan Corp's first quarter operating results will show a loss, Chairman Lloyd I. Miller told told the annual meeting. The company reported a profit of 365,883 dlrs, 23 cts a share, for the first quarter last year with one cent a share coming from non-operating factors, a spokesman said. Miller attributed the expected loss to completion of the purchase transfer and consolidation of operating assets of the O'Sullivan Rubber Division, saying this was proving more costly and taking more time than originally anticipated. Vulcan is working to resolve the problems, Miller told shareholders, adding it appears it will take most of 1987 to find solutions. Reuter

"NORM"

"TEST"

"TRAINING-SET"

"4275"

"15292"

8-APR-1987 16:07:33.05

VULCAN <VUL> SEES FIRST QUARTER OPERATING LOSS

Detroit Edison Co is raising 400 mln dlrs through a two-tranche offering of general and refunding mortgage bonds, said sole manager Morgan Stanley and Co Inc. A 175 mln dlr issue of bonds due 1997 was given an 8-3/4 pct coupon and priced at 99.375 to yield 8.845 pct, or 128 basis points over comparable Treasury securities. A companion 225 mln dlr offering of 27-year bonds was given a 9-3/4 pct coupon and priced at 99.625 to yield 9.79 pct, or 180 basis points over Treasuries. Both tranches are non-refundable for five years and rated Baa-2 by Moody's and BBB by Standard and Poor's. Reuter

"NORM"

"TEST"

"TRAINING-SET"

"4276"

"15293"

8-APR-1987 16:08:27.40

DETROIT EDISON <DTE> SELLS BONDS IN TWO TRANCHES

UAL Inc, citing company policy, told the New York Stock Exchange it would not comment on the unusual rise in its stock. UAL, parent of United Airlines, closed up 6-1/4 at 72 on volume of 3.9 mln shares. Wall Street traders said UAL's stock soared in response to the the proposed 4.6 billion dlr buyout offer by United Air's pilots union and on a general rise in air fares throughout the industry. Reuter

"NORM"

"TEST"

"TRAINING-SET"

"4277"

"15294"

8-APR-1987 16:08:52.19

UAL <UAL> HAS NO COMMENT ON STOCK RISE

Shr loss 1.11 dlrs vs loss 1.53 dlrs Net loss 7.1 mln vs loss 8.8 mln Revs 3.1 mln vs eight mln Reuter

"NORM"

"TEST"

"TRAINING-SET"

"4278"

"15295"

8-APR-1987 16:11:08.06

STRATA CORP <STATA> YEAR DEC 31 LOSS

Strata Corp said its 1986 earnings report contained a qualified opinion from its independent auditors. Strata said it owed 1.4 mln dlrs in overdue interest to its lender at the end of 1986, and the entire 10.9 mln dlr principle has been classified as a liability. The company, which has an agreement to merge with <Lomak Petroleum Inc>, lost 7.1 mln dlrs in 1986 against a loss of 8.8 mln dlrs a year earlier. Reuter

"NORM"

"TEST"

"TRAINING-SET"

"4279"

"15296"

8-APR-1987 16:12:58.92

STRATA <STATA> 1986 EARNINGS REPORT QUALIFIED

Qtly div 23 cts vs 23 cts prior qtr Pay 10 June Record 20 May Reuter

"NORM"

"TEST"

"TRAINING-SET"

"4282"

"15299"

8-APR-1987 16:14:18.82

DAYTON HUDSON CORP <DH> VOTES QUARTERLY PAYOUT

Qtly div 20 cts vs 20 cts in prior qtr Payable June 10 Record May 22 Reuter

"NORM"

"TEST"

"TRAINING-SET"

"4283"

"15300"

8-APR-1987 16:14:23.24

VULCAN CORP <VUL> REGULAR DIVIDEND

"BRIEF"

"TEST"

"TRAINING-SET"

"4285"

"15302"

8-APR-1987 16:20:49.88

NAT'L DISTILLERS SAYS IT AGREES TO SELL SPIRITS UNIT FOR 545 MLN DLRS TO AMERICAN BRANDS

The U.S. Agriculture Department is seeking public comments on the question of adjusting the Commodity Credit Corporation's (CCC) discount and premium schedules to improve the quality of grain it accepts as loan collateral or under price support programs. The premiums and discounts schedule are based on quality factors such as moisture content and kernel damage. The schedule stipulates the premiums and discounts used for valuing grain the CCC accepts or purchases during the year. The department said it is possible that producers could be encouraged to delivery higher quality grain to CCC by adjusting the premiums and discounts. Comments are due by April 24 and a report to Congress is required by law by May 10. Reuter

"NORM"

"TEST"

"TRAINING-SET"

"4516"

"15303"

8-APR-1987 16:22:03.81

USDA SEEKS COMMENTS ON GRAIN DISCOUNT SCHEDULE

<Cascade Importers Inc USA>'s Cascade International Europa GmbH of West Germany, said it tentatively acquired worldwide rights for the products of Madam Gre from the Bernard Tapie Group in Paris. The agreement calls for Cascade to have the rights for the manufacturing and trading of perfumes, skin care and treatment products, and cosmetics of the group, it said. Cascade said the agreement also includes the exclusive rights to trade through duty-free channels worldwide the designer Gres accessories. In addition, Cascade said it was granted an option to purchase all the assets including the plant and equipment located in France. The company said the cosmetic product line in the U.S. market alone could represent 20 mln dlrs in revenue. Reuter

"NORM"

"TEST"

"TRAINING-SET"

"4289"

"15306"

8-APR-1987 16:25:37.84

CASCADE IMPORTERS UNIT ACQUIRES PARIS COMPANY

Oper shr loss 79 cts vs loss 2.32 dlrs Oper net loss 2,536,896 vs loss 6,562,472 Revs 13.8 mln vs 14.5 mln Year Oper shr loss 59 cts vs loss 2.35 dlrs Oper net loss 1,712,896 vs loss 5,747,472 Revs 43.6 mln vs 44.2 mln NOTE: 1986 excludes charge of 12 cts per share in the fourth quarter and gain of 11 cts per share in the year. Reuter

"NORM"

"TEST"

"TRAINING-SET"

"4290"

"15307"

8-APR-1987 16:26:35.71

ARMEL INC <AML> 4TH QTR LOSS