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Supermarkets General Corp said it
agreed to sell 11 super drug stores to <F and M Distributors>.
The nine existing and two unopened stores are located in
Maryland, Virginia and upstate New York and are operated under
the Pathmark Super Drug trade name, the company said.
Terms of the transaction were not disclosed.
The nine existing stores generated approximately 34.8 mln
dlrs of Supermarkets General's total sales of 2.9 billion
during the six-month period ended Aug One, 1987.
F and M Distributors operates 42 discount drug stores in
Michigan, Ohio, Illinois, Indiana and Wisconsin.
Reuter
| "NORM" | [
"acq"
] | "TEST" | "TRAINING-SET" | "20386" | "21051" | [
"usa"
] | [] | [] | [] | 19-OCT-1987 14:52:34.06 | SUPERMARKETS GENERAL <SGL> SELLS 11 DRUG STORES |
Shr 31 cts vs nine cts
Net 1,345,000 vs 368,000
Revs 31.9 mln vs 26.4 mln
Nine mths
Shr 91 cts vs 40 cts
Net 3,890,000 vs 3,556,000
Revs 89.3 mln vs 71.7 mln
NOTE: 1986 qtr and nine mths include loss 831,000 dlrs, or
19 cts per share, and loss 1,872,000 dlrs, or 44 cts per share,
respectively, from discontinued operations.
Reuter
| "NORM" | [
"earn"
] | "TEST" | "TRAINING-SET" | "20384" | "21053" | [
"usa"
] | [] | [] | [] | 19-OCT-1987 14:51:34.80 | ERC INTERNATIONAL INC <ERC> 3RD QTR NET |
Shr 44 cts vs 71 cts
Net 14.8 mln vs 21.1 mln
Revs 628.6 mln vs 605.6 mln
Avg shrs 30,743,000 vs 26,969,000
Nine mths
Shr 2.01 dlrs vs 1.93 dlrs
Net 65.0 mln vs 57.4 mln
Revs 1.89 billion vs 1.81 billion
Avg shrs 30,782,000 vs 26,619,000
Reuter
| "NORM" | [
"earn"
] | "TEST" | "TRAINING-SET" | "20382" | "21055" | [
"usa"
] | [] | [] | [] | 19-OCT-1987 14:50:41.28 | PAINEWEBBER GROUP INC <PWG> 3RD QTR NET |

VENEZUELA SAYS OPEC OIL OUTPUT 0VER 18 MLN BPD CARACAS, Oct 19
- The current OPEC oil production is above 18 mln barrels per
day (bpd) and this level threatens the precarious equilibrium
of the of oil market, Venezuelan Energy and Mines Minister
Arturo Hernandez Grisanti said on Monday.
He told reporters three or four countries out of OPEC's 13
members were mainly responsible for the overproduction, but
declined to identify them.
OPEC's production ceiling for the second half of 1987 is
16.6 mln bpd. The Venezuelan minister said OPEC's production
reached a peak this year when it went over 19 mln bpd in
August.
Hernandez Grisanti, together with the oil ministers of
Nigeria and Indonesia, met the heads of state of six Mideast
Gulf countries earlier this month to urge OPEC members to
comply with assigned production quotas.
He said some of the countries which were complying as
Venezuela, Indonesia, Libya, Algeria, Ecuador, Saudi Arabia and
Iran.
Hernandez declined to say whether the three or four
countries he said were overproducing bordered the Mideast Gulf.
REUTER

| "UNPROC" | [
"crude"
] | "TEST" | "TRAINING-SET" | "20379" | "21058" | [
"venezuela"
] | [] | [
"opec"
] | [] | 19-OCT-1987 14:45:58.06 | |
"BRIEF" | [
"acq"
] | "TEST" | "TRAINING-SET" | "20378" | "21059" | [
"usa"
] | [] | [] | [] | 19-OCT-1987 14:45:13.72 | ATLANTIS GROUP TELLS SEC IT SEEKS NEGOTIATED PURCHASE OF CHARTER-CRELLIN |
|
Dynascan Corp said it completed the sale
of its industrial electronic products group and expects to
recognize about a 3.0 mln dlr pretax gain on the transaction in
the fourth quarter.
It said the group was sold October 15 for 13.5 mln dlrs to
Maxtec International Corp, a privately held company created by
the company's management team.
It said the purchase price was 12 mln dlrs in cash and 1.5
mln dlrs in five-year notes plus warrants to buy 7.0 pct of the
stock of Maxtec.
Dynascan said the group was projected to provide about 12
pct of its consolidated sales in 1987.
Reuter
| "NORM" | [
"acq"
] | "TEST" | "TRAINING-SET" | "20377" | "21060" | [
"usa"
] | [] | [] | [] | 19-OCT-1987 14:44:27.84 | DYNASCAN <DYNA.O> COMPLETES MANAGEMENT BUYOUT |
"BRIEF" | [
"acq"
] | "TEST" | "TRAINING-SET" | "20376" | "21061" | [] | [] | [] | [] | 19-OCT-1987 14:43:45.78 | HENLEY GROUP REVIEWING INVESTMENT IN SANTA FE SOUTHERN PACIFIC |
|
"BRIEF" | [
"acq"
] | "TEST" | "TRAINING-SET" | "20374" | "21063" | [] | [] | [] | [] | 19-OCT-1987 14:42:48.01 | HENLEY GROUP SAID IT ENDED TALKS ON BUYING SOUTHERN PACIFIC FROM SANTA FE SOUTHERN |
|
Spanish property firm <Renta Inmobiliaria
SA> is negotiating to buy the property assets of U.S. media
company Cannon Group Inc <CAN>, Renta's finance director Jose
Luis Sanchez said.
Sanchez told Reuters that Renta's chairman Juan Antonio
Robles was currently in the U.S. to negotiate the deal but
declined to give other details.
Interpart, a Luxembourg-based holding company chaired by
Italian financier Giancarlo Paretti, payed around 12.2 billion
pesetas in July to acquire a 63.5 pct stake in Renta
Inmobiliaria.
The Spanish daily newspaper El Pais said the Cannon
property assets sought by Renta included the Elstree film
studios in Britain and a chain of movie-theaters in Europe and
the U.S.
Reuter
| "NORM" | [
"acq"
] | "TEST" | "TRAINING-SET" | "20372" | "21065" | [
"spain",
"uk",
"usa"
] | [] | [] | [] | 19-OCT-1987 14:42:08.28 | RENTA INMOBILIARIA SEEKS CANNON GROUP <CAN> ASSETS |
Citgo Petroleum Corp, a subsidiary of
Southland Corp, said it raised the contract price it will pay
for all grades of crude oil by 50 cts a barrel, effective Oct
16
The increase brings Citgo's postings for the West Texas
Intermediate and West Texas Sour grades to 19.00 dlrs/barrel,
while Light Louisiana SWeet is now priced at 19.35 dlrs.
Citgo last changed it crude oil postings on Sept 9.
Reuter
| "NORM" | [
"crude"
] | "TEST" | "TRAINING-SET" | "20370" | "21067" | [
"usa"
] | [] | [] | [] | 19-OCT-1987 14:41:28.16 | SOUTHLAND <SLC> UNIT RAISES CRUDE OIL PRICES |
A shareholder group including Far
Hills, N.J. attorney Natalie Koether said it reduced its stake
in CCX Inc common stock to 10,000 shares, or less than one pct
of the company's common stock outstanding, from a previous
stake of about ten pct.
In a filing with the Securities and Exchange Commission,
the group said it sold 380,000 CCX common shares on October 15
at four dlrs a share.
The group gave no reason for the sales.
Reuter
| "NORM" | [
"acq"
] | "TEST" | "TRAINING-SET" | "20366" | "21071" | [
"usa"
] | [] | [] | [] | 19-OCT-1987 14:40:42.14 | GROUP SELLS MOST OF STAKE IN CCX INC <CCX> |
Orion Capital Corp said it acquired
163,000 shares of Twin Disc Inc common stock, or 5.2 pct of the
company's common stock outstanding.
In a filing with the Securities and Exchange Commission,
Orion Capital said the stock represents "a favorable investment
opportunity at current market prices."
In open market transactions between August 21 and October
16, an Orion Capital subsidiary bought 56,200 Twin Disc common
shares at 21.06 dlrs to 22.43 dlrs a share. The entire 5.2 pct
stake was purchased at a cost of 3.2 mln dlrs, Orion Capital
told the SEC.
Reuter
| "NORM" | [
"acq"
] | "TEST" | "TRAINING-SET" | "20364" | "21073" | [
"usa"
] | [] | [] | [] | 19-OCT-1987 14:39:55.20 | ORION <OC> HAS 5.2 PCT TWIN DISC <TDI> STAKE |
Venezuelan Energy Minister Arturo
Hernandez Grisanti said he foresaw market stability in the
price of crude, despite growing tension in the Gulf augmented
by the U.S. military attack on an Iranian oil platform.
He told a news conference the market continues to be stable
despite all the military action in the Gulf.
Reuter
| "NORM" | [
"crude"
] | "TEST" | "TRAINING-SET" | "20361" | "21076" | [
"venezuela",
"usa",
"iran"
] | [] | [] | [] | 19-OCT-1987 14:38:08.85 | VENEZUELA SEES OIL STABILITY DESPITE GULF ATTACK |
Net 13,185,000 vs 6,715,000
Nine mths
Net 26.2 mln vs 15.3 mln
NOTE: Company is owned by a consortium of European banks.
Reuter
| "NORM" | [
"earn"
] | "TEST" | "TRAINING-SET" | "20360" | "21077" | [
"usa"
] | [] | [] | [] | 19-OCT-1987 14:37:44.00 | <EUROPEAN AMERICAN BANCORP> 3RD QTR NET |
Northeast Savings F.A. said its
board adopted a shareholder rights plan designed to protect the
company from coercive takeover tactics and bids not fair to all
sharholders.
Under the plan, the board declared a dividend of one share
purchase right for each of the Northeast common shares held of
record as of November two, the company said.
Initially, the rights are not exerciseable, rights
certificates are not distributed, and the rights automatically
trade with Northeast's shares, the company said.
However, 20 days following the acquisition of 20 pct or
more of Northeast's common shares shares or 20 days following
the commencement of a tender offer for 30 pct or more of
Northeast's shares, the rights will become exerciseable and
separate rights certificates will be distributed, the company
said.
The rights will entitle holders of Northeast's common
shares to purchase additional shares at an exercise price of 60
dlrs a share, the company said.
The company said that in the event of certain triggering
events described in the rights plan, holders of the rights,
other than an acquiring person, will be entitled to acquire
Northeast's common shares having a market value of twice the
then-current exercise price of the rights. Also, in the event
Northeast enters into certain business combination
transactions, holders of the rights will be provided a right to
acquire equity securities of the acquiring entity having a
market value of twice the then-current exercise price of the
rights, the company said. Northeast said it will be entitled to
redeem the rights at one cent per right until the occurence of
certain events.
Reuter
| "NORM" | [
"acq"
] | "TEST" | "TRAINING-SET" | "20359" | "21078" | [
"usa"
] | [] | [] | [] | 19-OCT-1987 14:37:31.72 | NORTHEAST SAVINGS <NSB> ADOPTS RIGHTS PLAN |
The U.S. is drafting options including
possible trade retaliation against Argentina in a dispute over
the differential between soybean and product taxes which
Buenos Aires levies on exports.
The drafting of retaliation options follows the failure
of high-level talks earlier this month to resolve a case filed
by the U.S. National Soybean Processors Association, U.S.
officials said. The NSPA charged that Argentina's differential
export taxes implicitly subsidize soyproduct exports in
competition with the U.S.
"Our only option is some sort of retaliation to restrict
(Argentine) access to our market," said one U.S. source.
The U.S. shelved the NSPA case earlier this year after
Trade Representative Clayton Yeutter said Argentina agreed to
end the differential.
But when Argentina announced export taxes for the 1987/88
year in July, the differential was narrowed only one pct.
Deputy trade representative Michael Smith met Agriculture
minister Ernesto Figuerras and Economy minister Juan Sourroille
on September 29 and the Argentine officials said they could not
narrow the differential further for 1987/88.
As a result of the impasse, the U.S. is considering
restrictions on imports of items such as Argentine corned beef
and finished leather, the U.S. sources said.
A decision on reprisals is likely to be made by the Reagan
administration soon, they said.
Reuter
| "NORM" | [
"oilseed",
"soybean"
] | "TEST" | "TRAINING-SET" | "20357" | "21080" | [
"usa",
"argentina"
] | [] | [] | [] | 19-OCT-1987 14:36:15.11 | U.S. DRAFTS SANCTIONS IN ARGENTINA SOY CASE |
Shr 17 cts vs 13 cts
Net 2.1 mln vs 1.03 mln
Revs 15.6 mln vs 12 mln
Nine mths
Shr 58 cts vs 37 cts
Net 6.9 mln vs 3.7 mln
Revs 56.2 mln vs 27.5 mln
Avg shrs 11.9 mln vs 10.0 mln
Reuter
| "NORM" | [
"earn"
] | "TEST" | "TRAINING-SET" | "20356" | "21081" | [
"canada"
] | [] | [] | [] | 19-OCT-1987 14:36:05.75 | KAUFEL GROUP LTD (KFL.TO) 4TH QTR AUG 31 NET |

NATIONAL GUARDIAN <NATG.O> ACQUIRES ALARM FIRM
GREENWICH, Conn., National Guardian Corp said it acquired
Pacific Fire Extinguisher Co, which specializes in installation
of fire and burglar alarms.
The operations acquired in the transaction have total
revenues in excess of 2.3 mln dlrs, the company said.
In a separate announcement, the company said it expects to
record revenues of approximately 150 mln dlrs for 1987.
For 1986, the company had revenues of 98.3 mln dlrs.
National Guardian's revenues for the first six months of
1987 were approximately 72 mln dlrs, compared to about 42 mln
dlrs the year-ago period.
Reuter

| "UNPROC" | [
"acq"
] | "TEST" | "TRAINING-SET" | "20355" | "21082" | [
"usa"
] | [] | [] | [] | 19-OCT-1987 14:35:51.12 | |
"BRIEF" | [
"oilseed",
"soybean",
"grain",
"wheat",
"corn"
] | "TEST" | "TRAINING-SET" | "20346" | "21091" | [] | [] | [] | [] | 19-OCT-1987 14:30:25.97 | U.S. EXPORT INSPECTIONS, IN THOUS BUSHELS, SOYBEANS 16,333 WHEAT 30,917 CORN 36,781 |
|
CCR Video Corp said it has received
an offer to enter into negotiations for <Intercep Investment
Corp> to acquire a controlling interest through a tender offer.
The company said "The negotiations would determine the
terms under which the CCR board of directors could support the
INTERCEP tender offer."
It gave no further details.
Reuter
| "NORM" | [
"acq"
] | "TEST" | "TRAINING-SET" | "20344" | "21093" | [
"usa"
] | [] | [] | [] | 19-OCT-1987 14:24:54.78 | CCR VIDEO <CCCR.O> IN TALKS ON BEING ACQUIRED |
Shr primary 1.15 dlrs vs 76 cts
Shr fully diluted 1.15 dlrs vs 76 cts
Net 40.8 mln vs 27.1 mln
Revs 369.6 mln vs 263.2 mln
Nine mths
Shr primary 2.95 dlrs vs 3.44 dlrs
Shr fully diluted 2.95 dlrs vs 3.33 dlrs
Net 103.8 mln vs 119.0 mln
Revs 1.06 billion vs 897.8 mln
Reuter
| "NORM" | [
"earn"
] | "TEST" | "TRAINING-SET" | "20342" | "21095" | [
"usa"
] | [] | [] | [] | 19-OCT-1987 14:23:40.69 | FIRST BOSTON INC <FBC> 3RD QTR NET |
Italy's overall balance of payments showed a
919 billion lire surplus in September against a deficit of
1,026 billion in August, provisional Bank of Italy figures
showed.
The September surplus compared with a shortfall of 1,697
billion lire in September 1986. For the first nine months of
1987, the overall balance of payments showed a deficit of 1,921
billion lire against a 1,725 billion deficit in the same 1986
period.
The central bank said Italy's one billion dlr Eurobond
launched last month contributed to September's surplus.
REUTER
| "NORM" | [
"bop"
] | "TEST" | "TRAINING-SET" | "20341" | "21096" | [
"italy"
] | [] | [] | [] | 19-OCT-1987 14:22:43.28 | ITALY SHOWS SEPTEMBER OVERALL PAYMENTS SURPLUS |
<Willis Faber Plc> said its 20.8 pct
holding in stockbrokers Morgan Grenfell Group Plc <MGFL.L> was
not up for sale.
The insurance broker issued a statement in reply to recent
press speculation which it said was in part "inaccurate and
undesirable."
"Willis Faber has not received any offers for its stake in
Morgan Grenfell," it said, adding that an offer would have to be
considered on its merits.
"Willis Faber's stake in Morgan Grenfell has been a very
successful investment," it said.
Reuter
| "NORM" | [
"acq"
] | "TEST" | "TRAINING-SET" | "20340" | "21097" | [
"usa"
] | [] | [] | [] | 19-OCT-1987 14:22:30.03 | WILLIS FABER NOT SELLING MORGAN GRENFELL STAKE |
Shr 22 cts vs 57 cts
Net 504,808 vs 1,281,781
Revs 633,119 vs 1,396,703
Nine mths
Shr 87 cts vs 1.32 dlrs
Net 1,959,385 vs 2,986,379
Revs 2,342,322 vs 3,346,555
NOTE: Full name of trust is Travelers Realty Income
Investors
Reuter
| "NORM" | [
"earn"
] | "TEST" | "TRAINING-SET" | "20337" | "21100" | [
"usa"
] | [] | [] | [] | 19-OCT-1987 14:20:07.78 | TRAVELERS REALTY INCOME <TRIIS.O> 3RD QTR NET |
Shr 75 cts vs 55 cts
Net 8,031,000 vs 5,819,000
Nine mths
Shr 2.16 dlrs vs 1.42 dlrs
Net 23.2 mln vs 15.1 mln
Assets 3.41 billion vs 2.84 billion
Deposits 2.54 billion vs 2.19 billion
NOTE: 1987 nine mths includes gain 1,008,000 dlrs, or nine
cts per share, from utilization of prior year's net operating
loss carryforwards.
NOTE: 1986 qtr and nine mths include loss 131,000 dlrs, or
one cent per share, from unspecified extraordinary item.
1986 qtr and nine mths includes gain 2,281,000 dlrs, or 22
cts per share, and 6,393,000 dlrs, or 60 cts per share,
respectively, from utilization of net operating loss
carryforwards.
full name of company is society for savings bancorp inc.
Reuter
| "NORM" | [
"earn"
] | "TEST" | "TRAINING-SET" | "20334" | "21103" | [
"usa"
] | [] | [] | [] | 19-OCT-1987 14:18:56.96 | SOCIETY FOR SAVINGS BANCORP <SOCS.O> 3RD QTR |
Shr 88 cts vs 73 cts
Net 2,580,000 vs 2,147,000
Nine mths
Shr 2.48 dlrs vs 2.33 dlrs
Net 7,266,000 vs 5,948,000
Reuter
| "NORM" | [
"earn"
] | "TEST" | "TRAINING-SET" | "20332" | "21105" | [
"usa"
] | [] | [] | [] | 19-OCT-1987 14:17:09.80 | PROGRESSIVE BANK INC <PSBK.O> 3RD QTR NET |
Shr loss 12 cts vs profit two cts
Net loss 2,669,000 vs profit 528,000
Revs 79.8 mln vs 74.9 mln
Nine mths
Shr profit 64 cts vs profit 1.63 dlrs
Net profit 14.3 mln vs profit 35.7 mln
Revs 280.0 mln vs 288.8 mln
Reuter
| "NORM" | [
"earn"
] | "TEST" | "TRAINING-SET" | "20331" | "21106" | [
"usa"
] | [] | [] | [] | 19-OCT-1987 14:16:21.69 | WASHINGTON WATER POWER <WWP> 3RD QTR LOSS |
Shr 87 cts vs 84 cts
Net 418.6 mln vs 399.2 mln
Revs 3.12 billion vs 2.89 billion
Nine mths
Shr 2.61 dlrs vs 2.62 dlrs
Net 1.25 billion vs 1.23 billion
Revs 9.10 billion vs 8.62 billion
Avg shrs 481.4 mln vs 473.6 mln
NOTE: Share adjusted for three-for-two stock split in
February 1987.
Reuter
| "NORM" | [
"earn"
] | "TEST" | "TRAINING-SET" | "20328" | "21109" | [
"usa"
] | [] | [] | [] | 19-OCT-1987 14:13:32.25 | BELLSOUTH CORP <BLS> 3RD QTR NET |
Shr profit 55 cts vs loss 12 cts
Net profit 3,998,000 vs loss 915,000
Sales 93.8 mln vs 80.9 mln
Nine mths
Shr profit 1.71 dlrs vs profit 95 cts
Net profit 12,641,000 vs profit 7,282,000
Sales 260.9 mln vs 249 mln
Note: 1986 figures include a five mln dlr or 65 cts a share
charge for electronics restructuring and 1.7 mln dlr charge
from early retirement of 12 mln dlrs in long-term notes
Reuter
| "NORM" | [
"earn"
] | "TEST" | "TRAINING-SET" | "20325" | "21112" | [
"usa"
] | [] | [] | [] | 19-OCT-1987 14:12:05.24 | RTE CORP <RTE> 3RD QTR NET |
Shr 2.17 dlrs vs 1.42 dlrs
Net 24,907,000 vs 16,117,000
Nine mths
Shr 4.05 dlrs vs 3.75 dlrs
Net 47,105,000 vs 42,874,000
Assets 9.66 billion vs 9.25 billion
Deposits 8.06 billion vs 7.80 billion
Loans 842.5 mln vs 711.1 mln
Reuter
| "NORM" | [
"earn"
] | "TEST" | "TRAINING-SET" | "20324" | "21113" | [
"usa"
] | [] | [] | [] | 19-OCT-1987 14:11:01.74 | COMERICA INC <CMCA.O> 3RD QTR NET |
Shr 84 cts vs 86 cts
Net 3,893,000 vs 4,054,000
Revs 21.0 mln vs 21.2 mln
Nine Mths
Shr 1.88 dlrs vs 1.87 dlrs
Net 8,707,000 vs 8,848,000
Revs 57.9 mln vs 59.1 mln
NOTE: 1986 per share adjusted for three for two stock split
effective June 1, 1987.
St. Joseph Light and Power Co is full name of company.
Reuter
| "NORM" | [
"earn"
] | "TEST" | "TRAINING-SET" | "20323" | "21114" | [
"usa"
] | [] | [] | [] | 19-OCT-1987 14:10:06.52 | ST. JOSEPH LIGHT <SAJ> 3RD QTR NET |
Yugoslav Prime Minister Branko Mikulic,
unveiling a new draft economic program, said Yugoslavia would
cut repayments on its almost 20 billion lr hard currency debt
to bring them in line with its hard currency earning capacity.
"We have decided to coordinate repayment of our debt with
realistically assessed capabilities of our economy," he said in
Parliament. He said the current debt-service ratio (over 40 pct
of export revenue) was too high.
Yugoslavia is to negotiate a long-term restructuring of its
debt after missing repayments in recent months, Mikulic said.
"If we did not change the dynamics of repaying our debt, the
situation would become increasingly worse," Mikulic said.
He said on the present repayment schedule, Yugoslavia would
have a net outflow of two billion dlrs and the level of debt
would be halved by 1995. But he added:
"The consequences would not only mean slower economic growth
in the coming years but also further exhaustion of the economy
and lasting damage to the economy's capacity for development,"
he said.
"All that would, of course, intensify social difficulties,"
Mikulic added.
The state news agency Tanjug said on October 9 that
Yugoslavia plans to adjust debt repayments over the next eight
years and to cut the debt-service ratio to 25 pct.
Yugoslavia failed to make a principal repayment due last
month which had already been postponed by 90 days.
Mikulic's proposed economic program, which also includes
higher personal taxes as well as wage and price restraint, is
intended to serve as a basis for the debt talks to demonstrate
Yugoslavia's ability to eventually repay the credits.
His program has to be discussed and approved by parliament
by early November.
Mikulic said foreign debt should be retained at about the
same level as now until 1990 and the country should then be
able to keep currency reserves equal to three months payments.
"Of course, these are our proposals for talks with
creditors. We expect understanding and support because it is in
their interest as well," Mikulic said.
He said that under the present schedule debt payments had
slowed economic development and exhausted currency reserves.
Banking sources say Yugoslavia's reserves are inadequate at
present for even one month's debt and import bill.
REUTER
| "NORM" | [] | "TEST" | "TRAINING-SET" | "20322" | "21115" | [
"yugoslavia"
] | [] | [] | [] | 19-OCT-1987 14:09:34.41 | YUGOSLAVIA DEBT PAYMENTS TO BE ADJUSTED TO EXPORTS |
Shr 1.04 dlrs vs 67 cts
Shr diluted 1.01 dlrs vs 66 cts
Net 63.2 mln vs 40.5 mln
Sales 1.70 billion vs 1.43 billion
Nine mths
Shr 2.91 dlrs vs 2.88 dlrs
Shr diluted 2.85 dlrs vs 2.82 dlrs
Net 176.5 mln vs 172.7 mln
Sales 5.08 billion vs 4.49 billion
Avg shrs 60.3 mln vs 59.6 mln
Avg shrs diluted 62.0 mln vs 61.3 mln
Reuter
| "NORM" | [
"earn"
] | "TEST" | "TRAINING-SET" | "20320" | "21117" | [
"usa"
] | [] | [] | [] | 19-OCT-1987 14:07:19.58 | TRW INC <TRW> 3RD QTR NET |
French Finance Minister Edouard Balladur
said the Group of Seven (G-7) industrial countries should
respect pledges on monetary policy made in the February Louvre
accord on currency stability.
"We have to strengthen the cooperation between the seven
major industrial countries and remind ourselves of the pledges
we made at the Louvre," he told journalists.
"They were not simply pledges to maintain currency
stability, but also to conduct a certain type of economic and
monetary policy," he added.
Reuter
| "NORM" | [
"money-fx"
] | "TEST" | "TRAINING-SET" | "20315" | "21122" | [
"france"
] | [
"balladur"
] | [] | [] | 19-OCT-1987 14:04:55.20 | BALLADUR URGES G-7 TO RESPECT LOUVRE ACCORD |
Recent announcements from Moscow of
next year's grain production targets indicate that the Soviets
are estimating this year's grain crop at 205 to 213 mln tonnes,
Agriculture Department analysts said.
USDA is projecting the Soviet crop at 210 mln tonnes, but
some earlier estimates from Soviet officials were that the 1987
grain crop could match the 1978 record of 237 mln tonnes.
Moscow outlined its economic targets for 1988 on Monday,
putting the grain harvest goal at 235 mln tonnes. An analyst of
Soviet agriculture at USDA noted that a recent article in
Izvestia said Soviet grain production in 1988 is planned to be
"25 to 30 mln tonnes more than expected this year."
"This indicates that their own estimate is for a 205 to 213
mln tonne (grain) crop," the analyst said.
In calculating Moscow's crop estimate, USDA used the 235
mln tonne production goal, as well as a 238 mln tonne figure
published in a Soviet economic journal this month.
USDA's production estimate of 210 mln tonnes reflects a
range of 207 to 212 mln tonnes, a USDA source said.
Late season rains damaged Soviet crops, slowed harvest
progress and lowered Soviet production, analysts said.
While in the U.S. earlier this month, Soviet agriculture
official Viktor Nikonov predicted that the grain crop would be
as good or better than last year's 210 mln tonne harvest.
A member of Nikonov's party commented that although 230 mln
tonnes of grain were in the fields, harvest problems would
bring the final crop down to around 210 mln tonnes.
Reuter
| "NORM" | [
"grain"
] | "TEST" | "TRAINING-SET" | "20314" | "21123" | [
"ussr"
] | [] | [] | [] | 19-OCT-1987 14:04:26.45 | SOVIET 1988 GRAIN TARGET INDICATES 1987 OUTPUT |
"BRIEF" | [
"interest"
] | "TEST" | "TRAINING-SET" | "20313" | "21124" | [] | [] | [] | [] | 19-OCT-1987 14:04:15.98 | CANADA 750 MLN DLR T-BILL ISSUE YIELD AVERAGE 8.60 PCT - OFFICIAL |
|
Federal Reserve Board Vice Chairman
Manuel Johnson said the Louvre Accord is still healthy, but
said the United States and West Germany must work out
differences over their respective roles in fulfilling the
accord.
"The Louvre Accord has worked very well in terms of
stabilizing exchange rates," he said in response to a question
during an American Stock Exchange conference here.
He said exchange rates have been stable so far in 1987 as a
result of the accord.
Reuter
| "NORM" | [
"money-fx"
] | "TEST" | "TRAINING-SET" | "20309" | "21128" | [
"usa",
"west-germany"
] | [] | [] | [
"amex"
] | 19-OCT-1987 14:00:30.12 | FED'S JOHNSON SAYS LOUVRE ACCORD STILL VITAL |
M.A. Hanna Co said it has reached
definitive agreement to purchase PMS Consolidated, a privately
owned manufacturer of colorants for the plastics industry.
M.A. Hanna said the purchase, which is subject to certain
conditions, is scheduled to close around the end of October.
Hanna announced last August that it was in negotiaitons to
purchase the company.
Headquartered in Somerset, N.J., PMS reported over 70 mln
dlrs in revenues in its last fiscal year, which ended May 1987.
Reuter
| "NORM" | [
"acq"
] | "TEST" | "TRAINING-SET" | "20308" | "21129" | [
"usa"
] | [] | [] | [] | 19-OCT-1987 14:00:00.43 | M.A. HANNA CO <HNM> TO ACQURE <PMS CONSOLIDATED> |
Federal Reserve Board Vice-Chairman
Manuel Johnson said the inflationary expectations in the
financial markets have eased since the Fed's last half-point
increase in its discount rate to 6.0 pct.
"We have seen the kind of expectational forces develop I
think that we've been satisfied with since our last discount
rate move," Johnson said.
Fed Chairman Alan Greenspan has said the most recent
discount rate increase on September 4 was largely aimed at
quelling inflationary fears in financial markets which he said
were largely unfounded.
Reuter
| "NORM" | [
"cpi"
] | "TEST" | "TRAINING-SET" | "20307" | "21130" | [
"usa"
] | [] | [] | [] | 19-OCT-1987 13:59:50.85 | FED'S JOHNSON SEES EASING OF INFLATIONARY FEARS |
Ample supplies of OPEC crude weighing on
world markets helped limit and then reverse oil price gains
that followed the U.S. Strike on an Iranian oil platform in the
Gulf earlier on Monday, analysts said.
December loading rose to 19.65 dlrs, up 45 cents before
falling to around 19.05/15 later, unchanged from last Friday.
"Fundamentals are awful," said Philip Lambert, analyst with
stockbrokers Kleinwort Grieveson, adding that total OPEC
production in the first week of October could be above 18.5 mln
bpd, little changed from September levels.
Peter Nicol, analyst at Chase Manhattan Bank, said OPEC
production could be about 18.5-19.0 mln in October. Reuter and
International Energy Agency (IEA) estimates put OPEC September
production at 18.5 mln bpd.
The U.S. Attack was in retaliation of last Friday's hit of
a Kuwaiti oil products tanker flying the U.S. Flag, the Sea
Isle City. It was struck by a missile, believed to be Iranian,
in Kuwaiti waters, and was the first hit on a U.S. Flag
commercial vessel in the seven year Iran/Iraq war.
The U.S. Owned Liberian flag tanker Sungari was hit in the
area on Thursday, also believed struck by an Iranian missile.
Refiners were not significant purchasers of physical oil on
Monday as a result increased Gulf tension following the U.S.
Attack, analysts said.
They said a closure of the Strait of Hormuz, through which
around eight mln bpd passes, isnlikely because it is not in
the interests of the U.S. Or Iran, they said.
Any threat to oil supplies would stem from an increase in
the number of tanker attacks as part of a widening of Gulf
hostilities, analysts said.
But they saw the U.S. Strike as a limited reply to Iranian
missile attacks, with some describing it as responsible.
Geoffrey Pyne, analyst at stockbrokers Phillips and Drew,
said he was impressed by the sensible U.S. Response.
"The U.S. Has thought carefully about what would correspond
to Iranian agression. They have proved to the Iranians that any
further action will be met with a like-for-like response.
Today's action by the U.S. Was not escalatory," Pyne said.
Kleinwort Grieveson's Lambert said the U.S. Strike was "a
responsible retaliation," with the U.S. Apparently indicating to
Iran that it could increase the severity of its attacksf Iran
chose to raise the level of conflict.
Chase Manhattan's Nicol took a different view, however.
He said he was unable to see what the U.S. Had achieved as
Arab states such as Kuwait and Saudi Arabia, whose interests
the U.S. Is supposedly defending, will feel less secure as a
result of the U.S. Attack and fear some sort of Iranian
retaliation.
The initial upward market move this morning reflected a
strong speculative reaction to rumours of a U.S. Attack which
was thought at one stage to have been against Iranian missile
launchers on the Faw Peninsula, close to Kuwait, analysts said.
The later downtrend followed confirmation of a U.S. Navy
attack on an Iranian oil platform by the U.S. Defence Secretary
Caspar Weinburger.
Market operators were able to evaluate the situation in the
Gulf on the basis of confirmed fact, and finding it less
serious than first thought, took profits, taking prices lower,
analysts and traders said.
REUTER
| "NORM" | [
"crude"
] | "TEST" | "TRAINING-SET" | "20306" | "21131" | [
"uk",
"usa",
"iran",
"kuwait",
"saudi-arabia"
] | [] | [
"opec"
] | [] | 19-OCT-1987 13:58:27.47 | AMPLE SUPPLIES LIMIT U.S. STRIKE'S OIL PRICE IMPACT |
June 30 end
Shr 0.3 ct vs four cts
Net 18,463 vs 174,486
Revs 5,074,686 vs 4,181,978
Avg shrs 5,624,041 vs 4,860,000
Reuter
| "NORM" | [
"earn"
] | "TEST" | "TRAINING-SET" | "20305" | "21132" | [
"usa"
] | [] | [] | [] | 19-OCT-1987 13:58:00.17 | <TOTAL RESEARCH CORP> FISCAL 1987 NET |
Communications and Cable
Inc said it acquired about 21 pct of the outstanding shares of
Imnet Corp, a privately owned company that designs, makes and
services proprietary image storage and retrieval systems. Terms
were not disclosed.
Reuter
| "NORM" | [
"acq"
] | "TEST" | "TRAINING-SET" | "20304" | "21133" | [
"usa"
] | [] | [] | [] | 19-OCT-1987 13:56:40.48 | COMMUNICATIONS AND CABLE <CCAB.O> BUYS STAKE |
Baltek Corp said it has acquired
a shrimp packing plant in Ecuador for undisclosed terms.
The company said the acquisition will result in a tripling
of its Ecuadorian shrimp sales to about three mln pounds
annually by 1988.
Reuter
| "NORM" | [
"acq"
] | "TEST" | "TRAINING-SET" | "20303" | "21134" | [
"usa",
"ecuador"
] | [] | [] | [] | 19-OCT-1987 13:56:34.72 | BALTEK <BTEK.O> BUYS ECUADORIAN PLANT |
Shr nine cts vs six cts
Net 242,000 vs 135,000
Sales 4,003,000 vs 2,968,000
Six Mths
Shr 17 cts vs 14 cts
Net 414,000 vs 297,000
Sales 7,54,000 vs 5,912,000
Avg shrs 2.4 mln vs 2.1 mln
NOTE: 1986 net includes tax credits equal to one cent in
the quarter and two cts in the six months.
Reuter
| "NORM" | [
"earn"
] | "TEST" | "TRAINING-SET" | "20302" | "21135" | [
"usa"
] | [] | [] | [] | 19-OCT-1987 13:56:30.44 | GENDEX CORP <XRAY.O> 2ND QTR SEPT 30 NET |
Shr 42 cts vs 32 cts
Net 1,076,572 vs 826,939
Sales 20.5 mln vs 12.5 mln
NOTE: Company released results in connection with filing
for Class A common stock offering.
Reuter
| "NORM" | [
"earn"
] | "TEST" | "TRAINING-SET" | "20301" | "21136" | [
"usa"
] | [] | [] | [] | 19-OCT-1987 13:56:25.21 | BEN AND JERRY'S HOMEMADE INC <BJIC.O> EIGHT MTHS |
French Finance Minister Edouard Balladur
said the Group of Seven (G-7) industrial countries should
respect pledges on monetary policy made in the February Louvre
accord on currency stability.
"We have to strengthen the cooperation between the seven
major industrial countries and remind ourselves of the pledges
we made at the Louvre," he told journalists.
"They were not simply pledges to maintain currency
stability, but also to conduct a certain type of economic and
monetary policy," he added.
Balladur's comments came after U.S. Treasury Secretary
James Baker said on Sunday that the U.S. Would have to
re-examine the Louvre accords in the light of the rise in West
German short-term interest rates.
Balladur was one of the main architects of the Louvre
accord and has invested considerable political capital in
defending them.
REUTER
| "NORM" | [
"money-fx"
] | "TEST" | "TRAINING-SET" | "20299" | "21138" | [
"france",
"usa"
] | [
"james-baker",
"balladur"
] | [] | [] | 19-OCT-1987 13:56:06.59 | BALLADUR URGES G-7 TO RESPECT LOUVRE ACCORD |
BancTEXAS Group Inc said it has signed a
definitive agreement to sell its BancTEXAS Sulphur Springs
affiliate to a group of local investors led by Gene Watson for
a cash amount equal to book value at the time of the sale,
subject to regulatory approvals.
The unit had assets of 18.2 mln dlrs as of September 30.
BancTEXAS said it plans to concentrate on its primary
market, the Dallas area.
Reuter
| "NORM" | [
"acq"
] | "TEST" | "TRAINING-SET" | "20297" | "21140" | [
"usa"
] | [] | [] | [] | 19-OCT-1987 13:55:41.10 | BANCTEXAS <BTX> TO SELL AFFILIATE |
Oper shr 17 cts vs not available
Oper net 1,619,000 vs 6,354,000
Nine Mths
Oper shr 80 cts vs not available
Oper net 7,675,000 vs 22,669,000
Assets 6.06 billion vs 5.74 billion
Loans 3.11 billion vs 3.33 billion
Deposits 4.57 billion vs 4.83 billion
NOTE: 1987 operating net excludes tax credits of 3.9 mln
dlrs or 40 cts a share in the quarter and 8.1 mln dlrs or 85
cts in the nine months period.
1986 nine months operating net excludes prepayment
penalties on early retirement of loans of 736,000 dlrs.
Talman Home Federal Savings and Loan Association, Chicago
is full name of company.
Reuter
| "NORM" | [
"earn"
] | "TEST" | "TRAINING-SET" | "20295" | "21142" | [
"usa"
] | [] | [] | [] | 19-OCT-1987 13:54:58.02 | TALMAN HOME FEDERAL <TLMN.O> 3RD QTR OPER NET |
Allwaste Inc said it entered into an
agreement in principle to buy Tank Cleaning Co, a
privately-held company that cleans tank trailers, in exchange
for about 1.3 mln shares or Allwaste common.
Allwaste said that Tank Cleaning earned about one mln dlrs
before taxes last year and had about 1.5 mln dlrs in pre-tax
income for the nine months ended September 30.
Reuter
| "NORM" | [
"acq"
] | "TEST" | "TRAINING-SET" | "20294" | "21143" | [
"usa"
] | [] | [] | [] | 19-OCT-1987 13:54:35.22 | ALLWASTE <ALWS.O> TO ACQUIRE FIRM |
Shr loss 1.39 dlrs vs profit 1.20 dlrs
Net loss 5,306,000 vs profit 7,246,000
Six mths
Shr loss 18 cts profit 2.23 dlrs
Net profit 3,259,000 vs profit 14.2 mln
Assets 6.79 billion vs 5.42 billion
Deposits 3.99 billion vs 3.38 billion
Loans 4.92 billion vs 4.53 billion
NOTE: 1987 six mths per share includes preferred stock
dividend payments.
Reuter
| "NORM" | [
"earn"
] | "TEST" | "TRAINING-SET" | "20291" | "21146" | [
"usa"
] | [] | [] | [] | 19-OCT-1987 13:53:34.46 | NORTHEAST SAVINGS F.A. <NSB> 2ND QTR NET LOSS |
Shr 30 cts vs 30 cts
Net 1,804,000 vs 1,800,000
Nine mths
Shr 89 cts vs 79 cts
Net 5,334,000 vs 4,496,000
Reuter
| "NORM" | [
"earn"
] | "TEST" | "TRAINING-SET" | "20289" | "21148" | [
"usa"
] | [] | [] | [] | 19-OCT-1987 13:53:07.87 | MARINE CORP <MCOR.O> 3RD QTR NET |
Iran said several people were injured in
Monday's U.S. Attack on an Iranian offshore oil site and vowed
retaliation, Tehran radio reported.
It quoted President Ali Khamenei as saying, "We will
definitely retaliate and will not leave this American move
unanswered."
A broadcast monitored in Nicosia said several civilian
personnel on the Rashadat oil platforms in the Gulf east of
Qatar were injured when U.S. Warships bombarded them this
afternoon. It described damage as "severe."
Washington said four American frigates shelled and
destroyed two Iranian platforms at the Rashadat (formerly
Rostam) field at 1100 GMT on Monday in response to Friday's
missile attack on a U.S.-flag ship in Kuwaiti waters.
The U.S. Said Iranians used the platforms for military
pruposes and had fired on an American helicopter from the rigs
earlier this month.
Khamenei denied that the platforms had military gear or
personnel and said the U.S. Attack lacked miltary value.
"With this move Mr. Reagan has committed a big mistake and
has definitely increased his problems...
REUTER
| "NORM" | [
"crude",
"ship"
] | "TEST" | "TRAINING-SET" | "20288" | "21149" | [
"cyprus",
"iran",
"usa",
"kuwait"
] | [] | [] | [] | 19-OCT-1987 13:52:56.47 | IRAN VOWS REPRISAL FOR U.S. ATTACK ON OIL RIG |
"BRIEF" | [
"money-fx"
] | "TEST" | "TRAINING-SET" | "20286" | "21151" | [] | [] | [] | [] | 19-OCT-1987 13:51:55.05 | FED'S JOHNSON SAYS LOUVRE ACCORD ALIVE, BUT CITES U.S.-GERMAN DIFFERENCES |
|
The Senate Agriculture committee voted
to limit changes in county loan rate differentials starting
with the 1988 crop as part of a budget deficit reduction
package.
The panel also approved measures that could trigger larger
corn and wheat acreage reduction requirements, increase
farmer-held reserve storage payments, reduce a potential milk
support price cut, and require advance deficiency payments for
producers of major crops.
A proposal to require imported tropical oils be labeled on
U.S. food products failed by a 10-8 vote.
Reuter
| "NORM" | [
"grain",
"veg-oil"
] | "TEST" | "TRAINING-SET" | "20285" | "21152" | [
"usa"
] | [] | [] | [] | 19-OCT-1987 13:51:30.39 | U.S SENATE PANEL VOTES TO LIMIT COUNTY LOAN DROP |
Federal Reserve Board Vice-Chairman
Manuel Johnson cautioned against seeking "quick-fix solutions" to
persistent U.S. trade and federal budget deficits.
In particular, he told an American Stock Exchange
conference, a decline in the dollar below current levels would
exacerbate financial market conditions.
"Trying to artificially depress the dollar severely below
current levels ... would exacerbate financial market conditions
and lead to further potential for financial problems."
Nowhere, Johnson said, are Fed officials hearing that U.S.
businesses cannot compete at current exchange rates.
He acknowledged the U.S. trade deficit was persisting
despite a decline in the dollar's value of 40 to 50 pct in the
past two years.
But the deficit is improving in volume terms and will soon
begin showing improvement.
"The stage I think is being set for a healthy, constructive
expansion without inflationary instability," he said.
Reuter
| "NORM" | [
"money-fx",
"dlr"
] | "TEST" | "TRAINING-SET" | "20280" | "21157" | [
"usa"
] | [] | [] | [] | 19-OCT-1987 13:47:55.19 | FED'S JOHNSON WARNS AGAINST LOWER DOLLAR |
"BRIEF" | [
"money-fx"
] | "TEST" | "TRAINING-SET" | "20274" | "21163" | [] | [
"balladur"
] | [] | [] | 19-OCT-1987 13:45:16.81 | Balladur urges G-7 to respect pledges on monetary policy in Louvre accord |
|
Periods ended September 30
Oper shr 24 cts vs six cts
Oper net 1,297,881 vs 312,295
Sales 60.5 mln vs 52.2 mln
First half
Oper shr 39 cts vs 13 cts
Oper net 2,099,679 vs 711,530
Sales 118.1 mln vs 103.7 mln
NOTE: 1986 operating net excludes losses from discontinued
operations of 154,661 dlrs, or three cts a share, in quarter
and 409,476 dlrs, or seven cts a share, in half.
Reuter
| "NORM" | [
"earn"
] | "TEST" | "TRAINING-SET" | "20273" | "21164" | [
"usa"
] | [] | [] | [] | 19-OCT-1987 13:44:15.49 | PIONEER-STANDARD ELECTRONICS INC <PIOS.O>2ND QTR |
Shr 43 cts vs 55 cts
Net 6,262,000 vs 7,948,000
Nine mths
Shr 1.30 dlrs vs 1.54 dlrs
Net 18.8 mln vs 22.3 mln
Assets 2.4 billion vs 2.1 billion
NOTE: Prior year amounts restated to reflect 2-for-1 stock
split effective May 15, 1987.
Reuter
| "NORM" | [
"earn"
] | "TEST" | "TRAINING-SET" | "20272" | "21165" | [
"usa"
] | [] | [] | [] | 19-OCT-1987 13:43:28.40 | CITIZENS FINANCIAL GROUP INC <CITN.O> 3RD QTR |
Period ended Sept 27
Shr nine cts vs 24 cts
Net 474,000 vs 880,000
Sales 11.2 mln vs 11.8 mln
Avg shrs 5,369,555 vs 3,654,986
Note: 1986 figures include tax credits of 113,000 dlrs or
three cts a share.
Reuter
| "NORM" | [
"earn"
] | "TEST" | "TRAINING-SET" | "20271" | "21166" | [
"usa"
] | [] | [] | [] | 19-OCT-1987 13:42:40.78 | IRWIN MAGNETIC SYSTEMS INC <IRWN> 1ST QTR NET |
"BRIEF" | [
"grain"
] | "TEST" | "TRAINING-SET" | "20269" | "21168" | [] | [] | [] | [] | 19-OCT-1987 13:41:13.62 | U.S. SENATE PANEL VOTES TO LIMIT COUNTY LOAN RATE CHANGES STARTING WITH 1988 CROPS |
|
"BRIEF" | [
"money-fx",
"dlr"
] | "TEST" | "TRAINING-SET" | "20265" | "21172" | [] | [] | [] | [] | 19-OCT-1987 13:34:50.11 | FED'S JOHNSON SAYS LOWER DOLLAR WOULD EXACERBATE MARKET CONDITIONS |
|
Shr 23 cts vs 22 cts
Net 1,293,000 vs 1,256,000
Sales 39.7 mln vs 31.6 mln
Nine mths
Shr 72 cts vs 61 cts
Net 4,099,000 vs 3,470,000
Sales 115.9 mln vs 87.6 mln
NOTE: Share adjusted for three-for-two stock split in
February 1987.
Reuter
| "NORM" | [
"earn"
] | "TEST" | "TRAINING-SET" | "20264" | "21173" | [
"usa"
] | [] | [] | [] | 19-OCT-1987 13:31:35.12 | BENCH CRAFT INC <SOFA.O> 3RD QTR NET |
Shr primary loss eight cts vs profit 49 cts
Shr fully diluted loss eight cts vs profit 45 cts
Net profit 681,000 vs profit 11.5 mln
Nine mths
Shr primary profit 33 cts vs profit 2.36 dlrs
Shr fully diluted profit 33 cts vs profit 1.92 dlrs
Net profit 12.7 mln vs profit 47.5 mln
Assets 10.53 billion vs 10.75 billion
Deposits 5.98 billion vs 5.89 billion
Loans 8.44 billion vs 9.09 billion
NOTE: 1987 nine mth figures include gain of 2,470,000 dlrs
from cumulative effect of an accounting change.
1987 3rd qtr and nine mth figures also include gain of 12.1
mln dlrs from sale of real estate investment property.
1987 3rd qtr and nine mths earnings per share reflect
payment of dividends on company's two series of preferred stock
amounting to 2.2 mln dlrs.
Reuter
| "NORM" | [
"earn"
] | "TEST" | "TRAINING-SET" | "20261" | "21175" | [
"usa"
] | [] | [] | [] | 19-OCT-1987 13:28:39.54 | CITYFED FINANCIAL CORP <CTYF.O> 3RD QTR LOSS |
Shr profit 1.47 dlrs vs loss 26 cts
Net profit 146 mln vs loss 26 mln
Revs 2.25 billion vs 1.82 billion
Nine mths
Shr profit 1.82 dlrs vs profit 2.27 dlrs
Net profit 180 mln vs profit 224 mln
Revs 5.94 billion vs 5.55 billion
Reuter
| "NORM" | [
"earn"
] | "TEST" | "TRAINING-SET" | "20260" | "21176" | [
"usa"
] | [] | [] | [] | 19-OCT-1987 13:28:23.42 | CATERPILLAR INC <CAT> 3RD QTR NET |
Colombia has opened export registrations
for November coffee shipments, trade sources said. No further
details were available.
Reuter
| "NORM" | [
"coffee"
] | "TEST" | "TRAINING-SET" | "20259" | "21177" | [
"uk",
"colombia"
] | [] | [] | [] | 19-OCT-1987 13:26:48.75 | COLOMBIA OPENS COFFEE REGISTRATIONS - LDN TRADE |
Period ended August 29.
Shr profit one ct vs loss one ct
Net profit 128,112 vs loss 30,170
Sales 1,620,707 vs 1,325,406
Avg shrs 9,306,031 vs 3,499,219
Six Mths
Shr nil vs loss nine cts
Net profit 25,890 vs loss 322,675
Sales 2,915,077 vs 1,845,003
Avg shrs 9,283,631 vs 3,499,219
Reuter
| "NORM" | [
"earn"
] | "TEST" | "TRAINING-SET" | "20258" | "21178" | [
"usa"
] | [] | [] | [] | 19-OCT-1987 13:24:19.68 | DENSE-PAC MICROSYSTEMS INC <DPAC.O> 2ND QTR |
Shr 1.13 dlrs vs 87 cts
Net 5,010,000 vs 3,868,000
Nine mths
Shr 4.91 dlrs vs 4.84 dlrs
Net 21.8 mln vs 21.5 mln
NOTE: Current quarter figures include gain of 4.7 mln dlrs
on property sales vs gain of 2.9 mln in prior year's quarter.
Current nine month figures include gain of 20.5 mln dlrs on
property sales vs gain of 19 mln dlrs.
Reuter
| "NORM" | [
"earn"
] | "TEST" | "TRAINING-SET" | "20257" | "21179" | [
"usa"
] | [] | [] | [] | 19-OCT-1987 13:24:12.91 | NEWHALL INVESTMENT PROPERTIES <NIP> 3RD QTR |
Sept 30
Shr seven cts vs five cts
Net 234,504 vs 157,862
Revs 4,096,000 vs 3,007,383
Reuter
| "NORM" | [
"earn"
] | "TEST" | "TRAINING-SET" | "20255" | "21181" | [
"usa"
] | [] | [] | [] | 19-OCT-1987 13:22:54.91 | ASPEN RIBBONS INC <ARIB.O> 1ST QTR NET |
Qtr ends September 30
Shr 25 cts vs 13 cts
Net 759,000 vs 383,000
Revs 9,052,000 vs 6,829,000
Reuter
| "NORM" | [
"earn"
] | "TEST" | "TRAINING-SET" | "20254" | "21182" | [
"usa"
] | [] | [] | [] | 19-OCT-1987 13:22:51.94 | LSI LIGHTING SYSTEMS INC <LYTS.O> 1ST QTR NET |
House Speaker Jim Wright dismissed
charges that the trade bill before Congress contributed to the
fall in stock prices on Wall Street.
"That is utterly ridiculous," the Texas Democrat told
reporters.
Treasury Secretary James Baker and other administration
officials over the weekend pointed to the pending legislation
-- which they brand too protectionist -- as a key factor in the
record-setting drop.
Reuter
| "NORM" | [
"trade"
] | "TEST" | "TRAINING-SET" | "20249" | "21187" | [
"usa"
] | [
"james-baker"
] | [] | [] | 19-OCT-1987 13:21:11.21 | U.S. HOUSE SPEAKER DENIES TRADE BILL HURT STOCKS |
Shr 23 cts vs 20 cts
Net 1,115,000 vs 971,000
Revs 13.8 mln vs 11.9 mln
Nine mths
Shr 64 cts vs 52 cts
Net 3,134,000 vs 2,521,000
Revs 40.1 mln vs 31.8 mln
Reuter
| "NORM" | [
"earn"
] | "TEST" | "TRAINING-SET" | "20247" | "21189" | [
"usa"
] | [] | [] | [] | 19-OCT-1987 13:18:52.60 | ROTO-ROOTER INC <ROTO.O> 3RD QTR NET |
Shr 34 cts vs not given
Net 510,192 vs 328,428
Nine mths
Shr one dlr vs not given
Net 1,489,831 vs 741,136
NOTE: Company went public in September 1986.
Reuter
| "NORM" | [
"earn"
] | "TEST" | "TRAINING-SET" | "20246" | "21190" | [
"usa"
] | [] | [] | [] | 19-OCT-1987 13:18:30.52 | CITY SAVINGS BANK OF MERIDEN <CSBM.O> 3RD QTR |
3rd qtr net
Shr 22 cts vs 54 cts
Net 366,497 vs 877,148
Nine mths
Shr 70 cts vs 1.17 dlrs
Net 1,185,352 vs 1,924,255
Reuter
| "NORM" | [
"earn"
] | "TEST" | "TRAINING-SET" | "20245" | "21191" | [
"usa"
] | [] | [] | [] | 19-OCT-1987 13:18:25.11 | HOME FEDERAL SAVINGS BANK OF GEORGIA <HFGA.O> |
Shr loss five cts vs loss eight cts
Net loss 657,000 vs loss 566,535
Revs 9,341,755 vs 260,468
Avg shrs 14,323,384 vs 7,081,688
Nine mths
Shr loss 19 cts vs loss 39 cts
Net loss 2,449,094 vs loss 1,408,789
Revs 15,571,230 vs 683,684
Avg shrs 12,655,172 vs 3,612,300
Reuter
| "NORM" | [
"earn"
] | "TEST" | "TRAINING-SET" | "20244" | "21192" | [
"usa"
] | [] | [] | [] | 19-OCT-1987 13:18:11.61 | INTERNATIONAL TELECHARGE INC <ITIL.O> 3RD QTR |
Shr profit seven cts vs n/a
Net profit 587,000 vs profit 3,231,000
Sales 18.5 mln vs 18.7 mln
Nine Mths
Shr loss 39 ct s vs n/a
Net loss 2,368,000 vs protit 7,165,000
Sales 55.4 mln vs 54.2 mln
Note: Current nine month figures include extraordinary loss
of 1.2 mln dlrs, or 17 cts per share, resulting from costs
associated with restructuring.
Prior quarter and nine month per share figures not
applicable because company began operations in October, 1986
with the acquisition of Gould Inc's <GLD> medical products
group.
Reuter
| "NORM" | [
"earn"
] | "TEST" | "TRAINING-SET" | "20243" | "21193" | [
"usa"
] | [] | [] | [] | 19-OCT-1987 13:17:31.40 | SPECTRAMED INC <SPMD.O> 3RD QTR NET |
Shr 21 cts vs 11 cts
Net 661,000 vs 325,000
Revs 13.6 mln vs 13.4 mln
Avg shrs 3,148,000 vs 3,011,000
1st half
Shr 42 cts vs 25 cts
Newt 1,310,000 vs 752,000
Revs 28.2 mln vs 25.6 mln
Avg shrs 3,136,000 vs 3,006,000
Reuter
| "NORM" | [
"earn"
] | "TEST" | "TRAINING-SET" | "20242" | "21194" | [
"usa"
] | [] | [] | [] | 19-OCT-1987 13:17:13.36 | M/A/R/C INC <MARC.O> 2ND QTR SEPT 30 NET |
Shr 23 cts vs 15 cts
Net 2,641,000 vs 1,295,000
Revs 15.6 mln vs 7,925,000
Avg shrs 11.6 mln vs 8,900,000
Nine mths
Shr 65 cts vs 37 cts
Net 6,805,000 vs 3,308,000
Revs 42.7 mln vs 20.6 mln
Avg shrs 10.5 mln vs 8,900,000
Reuter
| "NORM" | [
"earn"
] | "TEST" | "TRAINING-SET" | "20241" | "21195" | [
"usa"
] | [] | [] | [] | 19-OCT-1987 13:17:08.17 | CHAMBERS DEVELOPMENT CO INC <CDV> 3RD QTR NET |
Shr loss 24 cts vs loss 13 cts
Net loss 619,956 vs loss 340,735
Revs 17.2 mln vs 18.2 mln
Nine mths
Shr profit six cts vs loss 92 cts
Net profit 172,384 vs loss 2,437,333
Revs 57.7 mln vs 57.5 mln
Reuter
| "NORM" | [
"earn"
] | "TEST" | "TRAINING-SET" | "20240" | "21196" | [
"usa"
] | [] | [] | [] | 19-OCT-1987 13:17:02.19 | VOPLEX CORP <VOT> 3RD QTR LOSS |
The U.N. Security Council was
called to a private meeting on Monday for consultations
following the United States attack on an Iranian oil platform.
Meanwhile, a U.N. spokesman said that as far as he knew a
report to the council and Secretary General Javier Perez de
Cuellar on the action had not been received from the Americans.
In Washington, President Reagan said the United Nations was
being informed of the attack under the provision of the U.N.
Charter regarding notification of actions taken under the right
of self-defense.
The U.N. spokesman, Francois Giuliani, said Perez de
Cuellar had no comment on the attack, taken in response to
Iranian action against an American-owned tanker last week, but
was trying to find out "what actually happened."
Calls to Iran's U.N. commission elicited no response.
Reuter
| "NORM" | [
"crude"
] | "TEST" | "TRAINING-SET" | "20239" | "21197" | [
"usa",
"iran"
] | [
"perez-de-cuellar"
] | [] | [] | 19-OCT-1987 13:16:48.45 | SECURITY COUNCIL CALLS TALKS AFTER GULF ATTACK |
Sept 30
Shr 44 cts
Net 905,000 vs 631,000
Six months
Shr 88 cts
Net 1,793,000 vs 1,378,000
Assets 221 mln vs 223.2 mln
Deposits 186.4 mln vs 189.8 mln
Loans 176.5 mln vs.7 mln
Reuter
| "NORM" | [
"earn"
] | "TEST" | "TRAINING-SET" | "20237" | "21199" | [
"usa"
] | [] | [] | [] | 19-OCT-1987 13:14:06.52 | UNITED SAVINGS AND LOAN <UNSA.O> 2ND QTR NET |
Baring Capital Investors Ltd (BCI), a unit
of the U.K. Merchant bank <Baring Brothers and Co Ltd>, said it
has raised 61 mln European Currency Units (ECUs) which will be
invested in management buy-outs and development capital
opportunities in the U.K. And continental Europe.
The funds were raised through BCI's first such fund - the
Baring Euaring European Capital Trust - from investors in nine
European countries. It expects to raise another 40 mln ECUs
soon through a French fund and a fund for U.S. Investors.
BCI was set up last year by Baring Brothers to advise
buy-out and development capital investors.
BCI said the new fund is structured as a Guernsey-based
unit trust, which will be listed on the Luxembourg Stock
Exchange. It will be advised by BCI and managed by a company
owned jointly by Barings and the management of BCI.
Individual investments are expected to range between one
and 10 mln ECUs and are likely to be concentrated in the U.K.,
Germany and France.
BCI said its aims are to invest in established companies,
principally family companies with succession-issues and
corporate spin-offs.
REUTER
| "NORM" | [
"acq"
] | "TEST" | "TRAINING-SET" | "20235" | "21201" | [
"uk"
] | [] | [] | [] | 19-OCT-1987 13:06:04.05 | BARING UNIT SETS UP FUND FOR MANAGEMENT BUY-OUTS |
International monetary officials will
rush to paper over the deep cracks that have appeared in the
Louvre accord on currency stability to prevent a dollar
free-fall and to calm turmoil in world capital markets,
economists and currency traders said.
"I don't think the Louvre is dead because if it breaks up
in an acrimonious way, the potential outcome is a rout of the
dollar, higher interest rates and collapsing stock markets.
It's in the Group of Seven's interest to calm things down,"
said Douglas Madison, corporate trader at BankAmerica Corp.
In a weekend television interview, U.S. Treasury secretary
James Baker sharply criticised a recent rise in West German
money market rates and said the eight month-old Louvre pact to
foster exchange rate stability needs to be reviewed.
His comments rocked the currency markets and helped send
the already-fragile U.S. and overseas stock markets into a
tailspin.
The dollar lost more than two pfennigs in the U.S. to about
1.7740/50 marks and about one yen to 141.25/35 yen. The Dow
Jones Industrial Average slumped more than 200 points at one
stage and U.S. Treasury bonds dropped about 1-3/4 points.
Reuter
| "NORM" | [
"money-fx"
] | "TEST" | "TRAINING-SET" | "20234" | "21202" | [
"usa"
] | [
"james-baker"
] | [] | [] | 19-OCT-1987 13:03:34.94 | G-7 SEEN FIGHTING TO KEEP CURRENCY PACT |
Shr loss five cts vs loss eight cts
Net loss 118,000 vs loss 87,000
Sales 1,765,000 vs 1,345,000
Avg shrs 2,370,000 vs 1,070,000
Reuter
| "NORM" | [
"earn"
] | "TEST" | "TRAINING-SET" | "20233" | "21203" | [
"usa"
] | [] | [] | [] | 19-OCT-1987 13:01:11.56 | TONS OF TOYS INC <TONS.O> 1ST QTR AUG 31 LOSS |
Shr 28 cts vs 41 cts
Net 205,000 vs 229,000
Nine mths
Shr 86 cts vs 1.01 dlrs
Net 622,000 vs 566,000
NOTE: Share reflects issuance of 166,750 common shares in
December 1986.
Reuter
| "NORM" | [
"earn"
] | "TEST" | "TRAINING-SET" | "20231" | "21205" | [
"usa"
] | [] | [] | [] | 19-OCT-1987 13:00:43.02 | ANCHOR FINANCIAL CORP <AFCX.O> 3RD QTR NET |
Shr 38 cts vs 25 cts
Net 708,197 vs 404,471
Sales 6,592,736 vs 6,122,133
Avg shrs 1,886,400 vs 1,648,477
Reuter
| "NORM" | [
"earn"
] | "TEST" | "TRAINING-SET" | "20230" | "21206" | [
"usa"
] | [] | [] | [] | 19-OCT-1987 12:59:59.82 | PHOTRONICS CORP <PHOT.O> 1ST HALF AUG 31 NET |
"BRIEF" | [
"ipi"
] | "TEST" | "TRAINING-SET" | "20229" | "21207" | [
"france"
] | [] | [] | [] | 19-OCT-1987 12:59:27.55 | French industrial production fell 0.95 pct in July/August from June -- INSEE data |
|
Shr profit five cts vs profit seven cts
Net profit 59,000 vs profit 39,000
Nine mths
Shr profit 12 cts vs loss four cts
Net profit 92,000 vs loss 20,000
Avg shrs 775,000 vs 548,000
Reuter
| "NORM" | [
"earn"
] | "TEST" | "TRAINING-SET" | "20228" | "21208" | [
"usa"
] | [] | [] | [] | 19-OCT-1987 12:59:15.04 | HOMETOWN BANCORP INC <HTWN.O> 3RD QTR NET |
Shr 42 cts vs 59 cts
Net 734,659 vs 1,033,309
Nine mths
Shr 92 cts vs 1.69 dlrs
Net 1,629,719 vs 2,971,144
NOTE: 1987 nine mths net includes a loss of 290,000 dlrs on
sale of securities and nine-recurring charge of 32,713 dlrs for
write-off of FSLIC secondary reserve.
Reuter
| "NORM" | [
"earn"
] | "TEST" | "TRAINING-SET" | "20227" | "21209" | [
"usa"
] | [] | [] | [] | 19-OCT-1987 12:59:00.05 | FIDELITY FEDERAL SAVINGS AND LOAN <FFED.O> 3RD |
Crazy Eddie Inc said its board will
not oppose the slate of nominees proposed for election to the
board by the committee led by Entertainment Marketing Inc <EM>
and the <Oppenheimer-Palmieri Fund, LP.>
Crazy Eddie said its board is not endorsing, but will
simply refrain from opposing, the EMI-Palmieri nominees.
The board also said it will ask representatives of the
Committee to Restore Shareholder value to begin acquainting
themselves with the business and affairs of the company as
promptly as possible.
To that end, the committee's representatives will be
invited in advance of the annual meeting to examine the
company's financial records, to monitor its operations and to
join company officers in meetings with the company's suppliers,
bankers and key personnel, Crazy Eddie said.
The board said that to continue to oppose the EMI-Palmieri
group would only increase the expenses of the company, create
further uncertainty among its suppliers, customers and
employees, and result in deterioration of moral among company
personnel.
A further release from the company will follow, it said.
Reuter
| "NORM" | [
"acq"
] | "TEST" | "TRAINING-SET" | "20226" | "21210" | [
"usa"
] | [] | [] | [] | 19-OCT-1987 12:58:40.79 | CRAZY EDDIE <CRCY.O> WON'T OPPOSE SLATE |
Shr 1.33 dlrs vs 90 cts
Net 12.0 mln vs 8,180,000
Nine mths
Shr 3.63 dlrs vs 2.88 dlrs
Net 32.9 mln vs 26.2 mln
Reuter
| "NORM" | [
"earn"
] | "TEST" | "TRAINING-SET" | "20225" | "21211" | [
"usa"
] | [] | [] | [] | 19-OCT-1987 12:58:32.54 | HORIZON BANCORP <HZB> 3RD QTR NET |

SOCIETY FOR SAVINGS BANCORP INC <SOCS.O> 3RD QTR
HARTFORD, Conn., Oct 19
Shr 75 cts vs 55 cts
Net 8,031,000 vs 5,819,000
Nine mths
Shr 2.16 dlrs vs 1.42 dlrs
Net 23.2 mln vs 15.1 mln
Reuter

| "UNPROC" | [
"earn"
] | "TEST" | "TRAINING-SET" | "20224" | "21212" | [
"usa"
] | [] | [] | [] | 19-OCT-1987 12:57:42.95 | |
Shr profit three cts vs profit nine cts
Net profit 102,136 vs profit 307,516
Revs 8,459,182 vs 8,469,476
Avg shrs 3,448,218 vs 3,613,672
Nine mths
Shr loss 13 cts vs profit 28 cts
Net loss 458,823 vs profit 1,014,969
Revs 25.5 mln vs 24.6 mln
Avg shrs 3,467,099 vs 3,612,626
Reuter
| "NORM" | [
"earn"
] | "TEST" | "TRAINING-SET" | "20222" | "21214" | [
"usa"
] | [] | [] | [] | 19-OCT-1987 12:56:57.80 | <ACC CORP> 3RD QTR NET |
3rd qtr
Oper shr 27 cts vs 29 cts
Oper net 4,926,000 vs 5,231,000
Revs 18.5 mln vs 17.8 ln
Nine mths
Oper shr 78 cts vs 84 cts
Oper net 14.1 mln vs 15.3 mln
Revs 55.0 mln vs 53.6 mln
NOTE: Net excludes capital gains of 751,000 dlrs vs 664,000
dlrs in quarter and 5,881,000 dlrs vs 3,409,000 dlrs in nine
mths.
Reuter
| "NORM" | [
"earn"
] | "TEST" | "TRAINING-SET" | "20221" | "21215" | [
"usa"
] | [] | [] | [] | 19-OCT-1987 12:56:50.83 | FIRST UNION REAL ESTATE INVESTMENTS <FUR> NET |
A top Iranian military official said
America's attack on an Iranian oil platform on Monday had
involved the United States in full-scale war and Iran would
avenge it with a "crushing blow."
"The United States has entered a swamp from which it can in
no way get out safely," the Iranian news agency IRNA quoted the
head of Iran's war information headquarters as saying.
The official, Kamal Kharrazi, said Washington had now
become involved in what he called a full-fledged war with Iran.
It was the first official Iranian reaction to the attack by
four U.S. Navy destroyers on the Reshadat oil platform.
Reuter
| "NORM" | [
"ship",
"crude"
] | "TEST" | "TRAINING-SET" | "20220" | "21216" | [
"cyprus",
"iran",
"usa"
] | [] | [] | [] | 19-OCT-1987 12:56:08.03 | IRAN SAYS US ATTACK INVOLVES IT IN FULL-SCALE WAR |
Shr 66 cts vs 48 cts
Net 8,413,000 vs 6,112,000
Sales 267.9 mln vs 230.6 mln
Nine mths
Shr 2.20 dlrs vs 2.05 dlrs
Net 28.1 mln 26.4 mln
Sales 806.7 mln vs 720.7 mln
NOTE: 1986 3rd qtr results include extraordinary loss on
extinguishment of debt of 1,482,000 dlrs or 12 cts a shr.
Reuter
| "NORM" | [
"earn"
] | "TEST" | "TRAINING-SET" | "20218" | "21218" | [
"usa"
] | [] | [] | [] | 19-OCT-1987 12:55:36.93 | FEDERAL-MOGUL CORP <FMO> 3RD QTR NET |
Shr 33 cts vs 13 cts
Net 2,272,000 vs 880,000
Revs 6,399,000 vs 5,912,000
Chainwide sales 142.0 mln vs 126.7 mln
Nine mths
Shr 1.07 dlrs vs 44 cts
Net 7,369,000 vs 2,868,000
Revs 19.1 mln vs 16.1 mln
Chainwide sales 402.9 mln vs 357.1 mln
Avg shrs 6,918,000 vs 6,569,000
Reuter
| "NORM" | [
"earn"
] | "TEST" | "TRAINING-SET" | "20217" | "21219" | [
"usa"
] | [] | [] | [] | 19-OCT-1987 12:55:17.35 | USACAFES LP <USF> 3RD QTR NET |
Shr 17 cts vs four cts
Qtly div eight cts vs eight cts
Net 739,000 vs 157,000
Revs 21.1 mln vs 14.5 mln
NOTE: 1986 1st qtr adjusted for five pct stock dividend
pain in March 1987.
Qtly dividend payable December seven to shareholders or
record November nine.
Reuter
| "NORM" | [
"earn"
] | "TEST" | "TRAINING-SET" | "20215" | "21221" | [
"usa"
] | [] | [] | [] | 19-OCT-1987 12:54:00.85 | ACME ELECTRIC CORP <ACE> 1ST QTR OCT TWO |
Sept 30 end
Shr loss 38 cts vs loss three cts
Net loss 3,300,000 vs loss 205,000
Revs 63.4 mln vs 72.1 mln
Avg shrs 8,966,000 vs 9,741,000
NOTE: 1986 first quarter results include 398,000 gain from
repurchase of debentures that had been discounted below market
value.
Reuter
| "NORM" | [
"earn"
] | "TEST" | "TRAINING-SET" | "20214" | "21222" | [
"usa"
] | [] | [] | [] | 19-OCT-1987 12:53:49.00 | NBI INC <NBI> 1ST QTR LOSS |
Shr profit 30 cts vs profit three cts
Net profit 3,933,000 vs profit 436,000
Revs 70.4 mln vs 47.2 mln
Avg 13.2 mln vs 13.0 mln
Nine mths
Shr profit 85 cts vs loss 17 cts
Net profit 11.2 mln vs loss 2,083,000
Revs 192.1 mln vs 144.8 mln
Avg shrs 13.2 mln vs 12.0 mln
Reuter
| "NORM" | [
"earn"
] | "TEST" | "TRAINING-SET" | "20212" | "21224" | [
"usa"
] | [] | [] | [] | 19-OCT-1987 12:51:37.08 | AVX CORP <AVX> 3RD QTR OCT THREE NET |
Shr 26 cts vs 18 cts
Net 5,281,000 vs 3,496,000
Revs 48.8 mln vs 32.1 mln
Nine mths
Shr 64 cts vs 51 cts
Net 12.9 mln vs 9,822,000
Revs 129.0 mln vs 89.2 mln
Reuter
| "NORM" | [
"earn"
] | "TEST" | "TRAINING-SET" | "20209" | "21227" | [
"usa"
] | [] | [] | [] | 19-OCT-1987 12:46:29.00 | STRATUS COMPUTER INC <STRA.O> 3RD QTR NET |