[ { "label": 7, "text": "asian exporters fear damage from u s japan rift mounting trade friction between the u s and japan has raised fears among many of asia s exporting nations that the row could inflict far reaching economic damage businessmen and officials said they told reuter correspondents in asian capitals a u s move against japan might boost protectionist sentiment in the u s and lead to curbs on american imports of their products but some exporters said that while the conflict would hurt them in the long run in the short term tokyo s loss might be their gain the u s has said it will impose mln dlrs of tariffs on imports of japanese electronics goods on april in retaliation for japan s alleged failure to stick to a pact not to sell semiconductors on world markets at below cost unofficial japanese estimates put the impact of the tariffs at billion dlrs and spokesmen for major electronics firms said they would virtually halt exports of products hit by the new taxes we wouldn t be able to do business said a spokesman for leading japanese electronics firm matsushita electric industrial co ltd mc t if the tariffs remain in place for any length of time beyond a few months it will mean the complete erosion of exports of goods subject to tariffs to the u s said tom murtha a stock analyst at the tokyo office of broker james capel and co in taiwan businessmen and officials are also worried we are aware of the seriousness of the u s threat against japan because it serves as a warning to us said a senior taiwanese trade official who asked not to be named taiwan had a trade trade surplus of billion dlrs last year pct of it with the u s the surplus helped swell taiwan s foreign exchange reserves to billion dlrs among the world s largest we must quickly open our markets remove trade barriers and cut import tariffs to allow imports of u s products if we want to defuse problems from possible u s retaliation said paul sheen chairman of textile exporters taiwan safe group a senior official of south korea s trade promotion association said the trade dispute between the u s and japan might also lead to pressure on south korea whose chief exports are similar to those of japan last year south korea had a trade surplus of billion dlrs with the u s up from billion dlrs in in malaysia trade officers and businessmen said tough curbs against japan might allow hard hit producers of semiconductors in third countries to expand their sales to the u s in hong kong where newspapers have alleged japan has been selling below cost semiconductors some electronics manufacturers share that view but other businessmen said such a short term commercial advantage would be outweighed by further u s pressure to block imports that is a very short term view said lawrence mills director general of the federation of hong kong industry if the whole purpose is to prevent imports one day it will be extended to other sources much more serious for hong kong is the disadvantage of action restraining trade he said the u s last year was hong kong s biggest export market accounting for over pct of domestically produced exports the australian government is awaiting the outcome of trade talks between the u s and japan with interest and concern industry minister john button said in canberra last friday this kind of deterioration in trade relations between two countries which are major trading partners of ours is a very serious matter button said he said australia s concerns centred on coal and beef australia s two largest exports to japan and also significant u s exports to that country meanwhile u s japanese diplomatic manoeuvres to solve the trade stand off continue japan s ruling liberal democratic party yesterday outlined a package of economic measures to boost the japanese economy the measures proposed include a large supplementary budget and record public works spending in the first half of the financial year they also call for stepped up spending as an emergency measure to stimulate the economy despite prime minister yasuhiro nakasone s avowed fiscal reform program deputy u s trade representative michael smith and makoto kuroda japan s deputy minister of international trade and industry miti are due to meet in washington this week in an effort to end the dispute reuter" }, { "label": 3, "text": "china daily says vermin eat pct grain stocks a survey of provinces and seven cities showed vermin consume between seven and pct of china s grain stocks the china daily said it also said that each year mln tonnes or pct of china s fruit output are left to rot and mln tonnes or up to pct of its vegetables the paper blamed the waste on inadequate storage and bad preservation methods it said the government had launched a national programme to reduce waste calling for improved technology in storage and preservation and greater production of additives the paper gave no further details reuter" }, { "label": 6, "text": "australian foreign ship ban ends but nsw ports hit tug crews in new south wales nsw victoria and western australia yesterday lifted their ban on foreign flag ships carrying containers but nsw ports are still being disrupted by a separate dispute shipping sources said the ban imposed a week ago over a pay claim had prevented the movement in or out of port of nearly vessels they said the pay dispute went before a hearing of the arbitration commission today meanwhile disruption began today to cargo handling in the ports of sydney newcastle and port kembla they said the industrial action at the nsw ports is part of the week of action called by the nsw trades and labour council to protest changes to the state s workers compensation laws the shipping sources said the various port unions appear to be taking it in turn to work for a short time at the start of each shift and then to walk off cargo handling in the ports has been disrupted with container movements most affected but has not stopped altogether they said they said they could not say how long the disruption will go on and what effect it will have on shipping movements reuter" }, { "label": 0, "text": "sumitomo bank aims at quick recovery from merger sumitomo bank ltd sumi t is certain to lose its status as japan s most profitable bank as a result of its merger with the heiwa sogo bank financial analysts said osaka based sumitomo with desposits of around trillion yen merged with heiwa sogo a small struggling bank with an estimated billion dlrs in unrecoverable loans in october but despite the link up sumitomo president koh komatsu told reuters he is confident his bank can quickly regain its position we ll be back in position in first place within three years komatsu said in an interview he said that while the merger will initially reduce sumitomo s profitability and efficiency it will vastly expand sumitomo s branch network in the tokyo metropolitan area where it has been relatively weak but financial analysts are divided on whether and how quickly the gamble will pay off some said sumitomo may have paid too much for heiwa sogo in view of the smaller bank s large debts others argue the merger was more cost effective than creating a comparable branch network from scratch the analysts agreed the bank was aggressive it has expanded overseas entered the lucrative securities business and geared up for domestic competition but they questioned the wisdom of some of those moves they ve made bold moves to put everything in place now it s largely out of their hands said kleinwort benson ltd financial analyst simon smithson among sumitomo s problems are limits placed on its move to enter u s securities business by taking a share in american investment bank goldman sachs and co sumitomo last august agreed to pay mln dlrs for a pct limited partnership in the bank but for the time being at least the federal reserve board has forbidden them to exchange personnel or increase the business they do with each other the tie up is widely looked on as a lame duck because the fed was stricter than sumitomo expected said one analyst but komatsu said the move will pay off in time u s regulations will change in the near future and if so we can do various things we only have to wait two or three years not until the st century komatsu said komatsu is also willing to be patient about possible routes into the securities business at home article of the securities and exchange act japan s version of the u s glass steagall act separates commercial from investment banking but the walls between the two are crumbling and komatsu said he hopes further deregulation will create new opportunities we need to find new business chances komatsu said in some cases these will be securities related in some cases trust bank related that s the kind of deregulation we want until such changes occur sumitomo will focus on such domestic securities business as profitable government bond dealing and strengthening relations with meiko securities co ltd in which it holds a five pct share komatsu said he said sumitomo is cautiously optimistic about entering the securities business here through its swiss universal bank subsidiary banca del gottardo the finance ministry is expected to grant licences to securities subsidiaries of u s commercial banks soon following a similar decision for subsidiaries of european universal banks in which the parent holds a less than pct but komatsu is reluctant to push hard for a similar decision on a gottardo subsidiary we don t want to make waves we expect this will be allowed in two or three years he said like other city banks sumitomo is also pushing to expand lending to individuals and small and medium businesses to replace disappearing demand from big business he added the analysts said sumitomo will have to devote a lot of time to digesting its most recent initiatives including the merger with ailing heiwa sogo it s sumitomo been bold in its strategies said kleinwort s smithson after that it s a question of absorbing and juggling around it will be the next decade before we see if the strategy is right or wrong reuter" }, { "label": 2, "text": "amatil proposes two for five bonus share issue amatil ltd amaa s said it proposes to make a two for five bonus issue out of its revaluation reserve to shareholders registered may shareholders will be asked to approve the issue and an increase in authorised capital to mln shares from mln at a general meeting on may it said in a statement the new shares will rank for dividends declared after october amatil in which b a t industries plc bti l holds a pct stake said it does not expect to maintain its latest annual dividend rate of cents a share on the enlarged capital reuter" }, { "label": 2, "text": "bowater pretax profits rise mln stg shr p vs p div p vs p making p vs p turnover billion stg vs billion pretax profit mln vs mln tax mln vs mln company name is bowater industries plc bwtr l trading profit mln vs mln trading profit includes packaging and associated products mln vs mln merchanting and services mln vs mln tissue and timber products mln vs mln interest debit mln vs mln minority interests mln debit vs mln debit extraordinary items mln credit vs mln debit reuter" }, { "label": 0, "text": "cra sold forrest gold for mln dlrs whim creek whim creek consolidated nl said the consortium it is leading will pay mln dlrs for the acquisition of cra ltd s craa s forrest gold pty ltd unit reported yesterday cra and whim creek did not disclose the price yesterday whim creek will hold pct of the consortium while austwhim resources nl will hold pct and croesus mining nl pct it said in a statement as reported forrest gold owns two mines in western australia producing a combined ounces of gold a year it also owns an undeveloped gold project reuter" }, { "label": 2, "text": "bowater industries profit exceed expectations bowater industries plc bwtr l pretax profits of mln stg exceeded market expectations of around mln and pushed the company s shares up sharply to a high of p from p last night dealers said the shares later eased back to p bowater reported a mln stg profit in the company said in a statement accompanying the results that the underlying trend showed improvement and it intended to expand further by developing existing businesses and seeking new opportunities it added that it had appointed david lyon currently managing director of redland plc rdld l as its new chief executive analysts noted that bowater s profits of mln stg from mln previously had been given a boost by pension benefits of mln stg profit from australia and the far east showed the greatest percentage rise jumping pct to mln from mln while the profit from u k operations rose pct to mln and europe pct to mln reuter" }, { "label": 2, "text": "citibank norway unit loses six mln crowns in citibank a s cci n the norwegian subsidiary of the u s based bank said it made a net loss of just over six mln crowns in although foreign bankers said they expect it to show profits after two lean years citibank s oslo treasury head bjoern sejerstad told reuters citibank one of seven foreign bank subsidiaries operating in norway lost money because of restructuring for investment banking away from commercial banking and an economic slump in norway following last year s plunge in oil prices foreign banks have been allowed to operate susbidiaries in norway since foreign banking analysts in oslo said access to norway s second hand securities and equities markets to be approved later this spring and lower primary reserve requirements would make profit this year citibank lost crowns in norway in but sejerstad said a profit was likely this year because of planned liberalisation and better economic performance helped by a steadier oil price of around dlrs a barrel earlier this year chase manhattan bank s cmb n subsidiary decided to stop foreign exchange trading after heavy losses and focus instead on fee based merchant banking reuter" }, { "label": 2, "text": "vieille montagne says conditions unfavourable a sharp fall in the dollar price of zinc and the depreciation of the u s currency created unfavourable economic conditions for vieille montagne sa vmnb br in it said in a statement that the two factors led to a squeeze on refining margins and an pct fall in sales and services income despite an unchanged level of activity vieille montagne which is actively pursuing a restructuring program reported a mln franc net loss after mln francs in provisions for the closure of an electrolysis plant compared with a mln franc net profit in reuter" }, { "label": 2, "text": "vieille montagne reports loss dividend nil year net loss after exceptional charges mln francs vs profit mln exceptional provisions for closure of viviez electrolysis plant mln francs vs exceptional gain mln sales and services billion francs vs billion proposed net dividend on ordinary shares nil vs francs company s full name is vieille montagne sa vmnb br reuter" }, { "label": 7, "text": "japan given little hope of avoiding u s sanctions a top u s official said japan has little chance of convincing the u s to drop threatened trade sanctions despite the efforts of a japanese team that left for washington today michael armacost under secretary of state for political affairs was asked at a press conference whether japan s moves to boost its domestic economy and open its markets could persuade the u s not to impose tariffs on japanese imports said and replied it is probably too early for the figures to demonstrate that the situation has turned around and to permit the result you have described armacost said the u s hopes japan will take steps to lift its domestic economy and reduce dependence on exports remove barriers to imports and settle outstanding trade issues there are obvious problems at the moment in the trade area but we do not wish those problems to divert attention from important areas of cooperation that continue to exist on security and political issues he said the question is whether through cooperative actions between our governments we can reduce the trade imbalance or whether congress takes action to reduce it through protectionist legislation he said reuter" }, { "label": 0, "text": "anheuser busch joins bid for san miguel anheuser busch companies inc bud n has joined several other foreign bidders for sequestered shares of the philippines largest food and beverage maker san miguel corp sanm mn the head of a government panel which controls the shares told reuters ramon diaz secretary of the presidential commission on good government pcgg said anheuser busch had told the government it was interested in buying mln b shares of san miguel he did not disclose the offered price diaz said australian brewer alan bond s bond corp holdings ltd had offered pesos per share for the b shares diaz said new york investment bank allen and co inc had earlier said it was interested in buying all mln sequestered shares he told reuters last month elders ixl ltd elxa s the melbourne based brewing company had also bid for the b shares the hong kong economic journal last month quoted a spokesman of australian stock broker jacksons ltd as saying that barwon farmlands ltd an australian firm owned pct by ariadne australia ltd was planning a filipino branch in order to buy the entire block of mln shares anheuser busch last year made a mln dlr bid to buy san miguel brewery ltd a hong kong listed company which is pct owned by neptunia corp ltd a san miguel corp subsidiary the talks broke down last june after the two sides said they could not agree on the terms of the sale reuter" }, { "label": 2, "text": "jardine matheson said it sets two for five bonus issue replacing b shares" }, { "label": 0, "text": "monier says britain s redland may bid for it diversified building materials group monier ltd mnra s said talks are taking place which may lead to britain s redland plc rdld l making an offer for the monier shares it does not already hold chairman bill locke said redland already holds about pct of monier s mln issued shares he said in a brief notice to the australian stock exchange locke said shareholders would be advised as soon as the discussions progressed and recommended that they keep their shares monier shares were trading at a high of dlrs today up from the previous peak of at yesterday s close and well above the low of dlrs monier is the largest concrete roof tile manufacturer in australia the u s and new zealand and the world s largest marketer of fly ash according to its annual report for ended june it recently reported first half net fell to mln dlrs from mln a year earlier due to the australian housing downturn although foreign earnings rose reuter" }, { "label": 2, "text": "isuzu plans no interim dividend isuzu motor ltd isum t will pay no dividend for the first half year ending april as the company is expected to mark a billion yen parent company current loss in the first half due to slow exports caused by the yen s appreciation a company spokesman said the company has paid no dividend since the year ended october when it paid five yen it had a billion yen current profit in the first half of reuter" }, { "label": 7, "text": "japanese official takes data to microchip talks ministry of international trade and industry miti vice minister makoto kuroda leaves for washington today with data he hopes will refute u s charges japan has violated a pact on microchip trade a three man japanese trade team is already in washington laying the groundwork for talks between kuroda and deputy u s trade representative michael smith aimed at persuading the u s not to impose tariffs on certain japanese products but kuroda said he is taking no new proposals i have nothing in my briefcase except an explanation of the current situation kuroda told the daily newspaper asahi shimbun kuroda said the u s decision was based on incorrect data and an exaggerated sense of miti s power to control market forces the u s has excessive expectations to stabilise supply demand relations which have been disrupted by excess inventories since will take some time he said kuroda also laid part of the blame for low u s chip sales in japan on a lack of effort by american firms here he said if he fails in talks tomorrow and friday to forestall sanctions he will seek further talks with u s trade representative clayton yeutter u s officials said this week s talks are unlikely to delay imposition of tariffs reuter" }, { "label": 0, "text": "bell group confirms standard chartered stake the bell group ltd blla s said it now holds pct of the issued capital of standard chartered plc stch l after acquiring further shares the one sentence statement from bell s headquarters confirmed what its brokers warburg securities told reuters in london yesterday bell previously held pct of standard bell chairman robert holmes a court who is also a director of standard was not available for comment on his company s intentions in boosting its holding and other company officials contacted here by reuters declined to comment reuter" }, { "label": 0, "text": "nippon steel denies china seeking japanese plants nippon steel corp nstc t denied local newspaper reports that china has been seeking to buy steel plants from japanese firms which plan to suspend output under the recently announced rationalisation program the mainichi shimbun quoted nippon steel as saying that china s state planning commission and some chinese firms have asked japanese makers to sell them steel works and rolling mills to expand steelmaking cheaply it named no sources a nippon steel spokesman told reuters that china has made no such official request and the company was not considering such sales at the moment but mainichi quoted nippon steel officials as saying if prices are reasonable they would export their used mills to china the paper said china s crude steel output totalled mln tonnes in calendar and that it plans to increase to mln by japan s steel industry rationalisation plan is aimed at cutting production capacity sharply over the next few years reuter" }, { "label": 2, "text": "jardine matheson replaces b share by bonus issue jardine matheson holdings ltd jard hk said it will withdraw the previously announced four for one bonus issue of b shares and replace it by a two for five bonus issue of ordinary shares a statement said the firm expects to pay total dividends for of not less than cents a share on the expanded capital jardine matheson decided to withdraw its issue because of a joint announcement earlier today by ronald li chairman of the stock exchange of hong kong and securities commissioner ray astin that the listings of new b shares would be barred the official announcement said this will include the proposal by jardine matheson but the jardine statement quoted chairman simon keswick as saying we continue to believe that the issuing of b shares would benefit shareholders and regret that they will not be given the opportunity to vote on the matter at this stage keswick said the b share issue will benefit jardine matheson s shareholders by giving the firm flexibility to issue ordinary shares for expansion in future without diluting existing shareholders voting rights however he added we certainly welcome the secretary for monetary affairs david nendick s referral of this very important matter to the standing committee on company law reform and are hopeful that the process will lead to the development of general principles which can be embraced by all constituents of the hong kong market reuter" }, { "label": 7, "text": "japan given little hope of avoiding u s sanctions a top u s official said japan has little chance of persuading the u s to drop threatened trade sanctions despite the efforts of a japanese team that left for washington today michael armacost under secretary of state for political affairs was asked at a press conference whether japan s moves to boost its domestic economy and open its markets could persuade the u s not to impose tariffs on japanese imports said and replied it is probably too early for the figures to demonstrate that the situation has turned around and to permit the result you have described armacost said the u s hopes japan will take steps to lift its domestic economy and reduce dependence on exports remove barriers to imports and settle outstanding trade issues there are obvious problems at the moment in the trade area but we do not wish those problems to divert attention from important areas of cooperation that continue to exist on security and political issues he said the question is whether through cooperative actions between our governments we can reduce the trade imbalance or whether congress takes action to reduce it through protectionist legislation he said reuter" }, { "label": 0, "text": "san miguel deal hit by more lawsuits a bid by san miguel corp smc sanm mn to buy back mln sequestered shares from united coconut planters bank ucpb has been hit by two new lawsuits sources in the philippine food and brewery company said a manila court yesterday issued an injunction barring ucpb from selling the shares which represent pct of smc s outstanding capital stock of mln shares until hearings on april on a petition filed by eduardo cojuangco a former chairman of both smc and ucpb cojuangco said the coconut industry investment fund ciif and mln farmers were the rightful owners of the shares cojuangco said the shares were held in trust by ucpb and represented a blue chip investment his petition said ucpb s plans to sell the shares to smc were a serious breach of fiduciary duties the smc sources said the proposed share sale could also be held up by a second derivative suit filed before the securities and exchange commission sec by eduardo de los angeles a government nominee on the company s board de los angeles who represents smc s minority stockholders asked the sec to block the transaction approved last week by the company s board on april the board sanctioned the repurchase of the sequestered shares for billion pesos at pesos per share de los angeles told the sec the company s retained earnings of billion pesos would be wiped out by the purchase of the shares and would prevent the declaration of dividends de los angeles said the share purchase would also violate an smc agreement with its creditors to maintain a to debt to equity ratio he quoted smc s chief financial director ramon del rosario as telling the board that the transaction would boost the ratio to to in petitioning the sec de los angeles amended an earlier suit two weeks ago in which he charged smc chairman andres soriano iii and nine other directors of violating their duties de los angeles earlier complaint related to smc assuming last december a mln dlr loan contracted by smc s hong kong subsidiary neptunia corp for a down payment on the shares the loan assumption was again ratified by last week s board meeting an arbitration panel set up by president corazon aquino to resolve the ownership issue is expected to submit its report by april the amended suit filed by eduardo de los angeles is part of a continuing attempt by certain elements in complete disregard of the facts and with questionable motives to delay an early disposition of the sequestered shares san miguel corp said in a statement coming as it does when san miguel corp and ucpb have reached agreement on the price of the shares and the method of payment this suit is in direct contravention of the government s expressed desire to reach an amicable settlement of the controversy by april the statement added a san miguel spokesman said he had no comment on cojuangco s court petition adding any statement coming from us might be interpreted as adversarial meanwhile ramon diaz the head of a government panel which sequestered the shares last year said soriano was not eligible to buy the major portion of the shares because he was a united states citizen the sequestered shares are split into mln a shares which can only be owned by filipinos and mln b shares which are available to foreign buyers smc sources said soriano personally was not among prospective buyers they said the shares would be purchased by the a soriano group of companies smc neptunia and unnamed institutional investors soriano was named as one of the buyers in a bid in march for mln shares controlled by ucpb the sale was aborted when diaz s presidential commission on good government sequestered the shares on suspicion they were owned by cojuangco a close associate of former president ferdinand marcos cojuangco lives in self imposed exile in the u s the shares grew to mln after a pct stock dividend announced last june we have no objection to soriano buying the b shares diaz told reuters but everything is on hold now the smc spokesman said he did not know if the controversy would be resolved before the company s annual stockholders meeting scheduled for may san miguel corp reported sales revenue of billion pesos in pct above its billion peso sales in it said unaudited net profit was in the neighbourhood of mln pesos an increase of about pct over reuter" }, { "label": 2, "text": "italy s la fondiaria to report higher profits italian insurer la fondiaria spa lfdi mi said it expects to report consolidated group profit in significantly higher than the billion lire reported in the company said in a statement that parent company net profit last year will rise from the billion lire reported in consolidated group premiums totaled billion lire in compared with billion the previous year iniziativa meta inzi mi the financial services unit of montedison spa moni mi controls the largest single stake in florence based fondiaria with pct reuter" }, { "label": 2, "text": "higher profit for dutch chemical firm dsm the fully state owned dutch chemical firm nv dsm dsmn as said its net profit rose to mln guilders from mln in while turnover fell to billion guilders in from billion in the company said dividend which will be paid to the dutch state in its capacity of the firm s sole shareholder would be raised to mln guilders from mln guilders in in an initial comment on its results dsm said the drop in turnover had been caused mainly by losses in the company s fertilizer division reuter" }, { "label": 0, "text": "cincinnati bell csn starts auxton auxt bid cincinnati bell inc said it has started its previously announced dlr per share tender offer for all shares of auxton computer enterprises inc in a newspaper advertisement the company said the tender and withdrawal rights will expire may five unless extended the offer which has been approved by the auxton board and is to be followed by a merger at the same price is conditioned on receipt of a majority of auxton s voting stock on a fully diluted basis reuter" }, { "label": 2, "text": "california biotech cbio sees st qtr loss california biotechnology inc said it expects to report a loss of dlrs to dlrs for the first quarter due to increased investment in research and manufacturing and a scaleup of production the company said research spending is running to pct above a year ago as it tries to commercialize its products as quickly as possible and increased expenditures are expected to continue for several more quarters it said operating results will fluctuate quarter to quarter depending on the timing of significant payments from commercial partners in the first three months of the company lost dlrs the company changed its fiscal year in to a calendar year from a year ending november for the first quarter of last year ended february california biotech earned dlrs reuter" }, { "label": 2, "text": "pall corp pll sets quarterly dividend qtly div cts vs cts prior pay may one record april reuter" }, { "label": 0, "text": "unilever seeks buyer for stauffer chemical unilever plc and nv un as has issued a prospectus through investment bankers goldman sachs and co seeking a buyer for stauffer chemical co of the u s which it acquired with the recent takeover of chesebrough pond s inc a unilever spokesman said he noted unilever has been indicating plans to dispose of stauffer plus some smaller assets of chesebrough since the bid was made in december the stauffer sale prospectus has been sent in recent weeks to a number of companies expressing interest the unilever spokesman declined to say how much the group expected to receive for stauffer chesebrough s footwear and tennis racket businesses are also likely to be disposed of he added immediately available financial information on stauffer which is wholly owned was limited he added nine month sales to september were about billion dlrs unilever aquired chesebrough for billion dlrs in order to benefit from its well known toiletry brands and food products reuter" }, { "label": 0, "text": "conrac corp said it has entered talks on its acquisition with several parties" }, { "label": 0, "text": "conrac cax in merger talks with several conrac corp sait has started negotiations with several interested parties on its possible acquisition it said there can be no assurance that any transaction will result from the talks it gave no further details mark iv industries inc iv started tendering for all conrac shares at dlrs each on march and owned pct of conrac before starting the bid conrac is a producer and marketer of computer related information display and communications equipment which also produces special purpose architectural and industrial products it owns code a phone corp a producer of telephone answering machines for the company reported profits of mln dlrs or dlrs a share on sales of mln dlrs it has nearly mln shares outstanding reuter" }, { "label": 2, "text": "computer research inc core nd qtr feb net shr cts vs nine cts net vs revs vs st half shr cts vs cts net vs revs vs reuter" }, { "label": 6, "text": "australian foreign ship ban ends tug crews in new south wales nsw victoria and western australia yesterday lifted their ban on foreign flag ships carrying containers but nsw ports are still being disrupted by a separate dispute shipping sources said the ban imposed a week ago over a pay claim had prevented the movement in or out of port of nearly vessels they said the pay dispute went before a hearing of the arbitration commission today meanwhile disruption began today to cargo handling in the ports of sydney newcastle and port kembla they said the industrial action at the nsw ports is part of the week of action called by the nsw trades and labour council to protest changes to the state s workers compensation laws reuter" }, { "label": 2, "text": "rubbermaid inc st qtr shr cts vs cts" }, { "label": 6, "text": "independent chairman for dutch cargo dispute the two sides in the rotterdam port general cargo dispute have agreed to appoint an independent chairman han lammers to preside over future meetings employers spokesman gerard zeebregts said lammers queen s commissioner for the province of flevoland will not act as a mediator but will draw up an agenda and procedures for meetings between the employers and unions on a work practice agreement and proposed redundancies two months of strikes in the sector began on january in protest at employers proposals for redundancies from the strong workforce this year the strikes were called off by the main port union fnv on march following an amsterdam court s interim injunction against the redundancies on procedural grounds the court is due to make a final ruling on may but zeebregts said he expected the judgment to go against the employers and they were therefore very likely to restart the complicated legal redundancy procedures in the near future meanwhile the dispute over a new work practice agreement in the port s grain sector continued with maintenance workers on strike although loading was not affected a spokesman for graan elevator mij the largest employer in the sector said the employers have written to the union asking it to reconsider its position and a meeting of union members has been called for tomorrow reuter" }, { "label": 2, "text": "electro rent corp elrc rd qtr feb net shr cts vs cts net vs revs mln vs mln avg shrs vs nine mths shr cts vs dlrs net vs revs mln vs mln avg shrs vs reuter" }, { "label": 2, "text": "rubbermaid inc rbd st qtr net shr cts vs cts net mln vs mln sales mln vs mln reuter" }, { "label": 2, "text": "wtc international inc waf th qtr feb net shr profit cts vs loss cts net profit vs loss rev mln vs mln year shr profit cts vs loss cts net profit vs loss rev mln vs mln reuter" }, { "label": 2, "text": "mead corp st qtr oper shr dlrs vs cts" }, { "label": 2, "text": "rubbermaid rbd sees continued improvement rubbermaid inc said its incoming order rates continue strong and it expects to continue recording favorable year to year comparisons in each remaining quarter of today the company reported first quarter earnings of mln dlrs on sales of mln dlrs up from earnings of mln dlrs on sales of mln dlrs reuter" }, { "label": 2, "text": "cayuga savings bank cayb st qtr net shr cts vs cts net vs avg shrs vs reuter" }, { "label": 2, "text": "johnstown savings bank fsb jsbk st qtr net shr cts vs not given net vs note company went public in october net includes pretax loan loss provisions of dlrs vs dlrs and gain on sale of securities of dlrs vs dlrs reuter" }, { "label": 2, "text": "home savings and loan association inc hsld nd qtr march shr cts vs not given net vs st half shr dlrs vs not given net vs note company recently went public reuter" }, { "label": 2, "text": "geodynamics corp gdyn rd qtr feb net shr cts vs cts net vs revs vs nine mths shr cts vs cts net vs revs mln vs mln reuter" }, { "label": 2, "text": "compaq cpq expects higher first quarter net compaq computer corp said it expects sales and earnings for the first quarter of to be higher than analysts expectations due to strong demand for its products rod canion president and chief executive officer of compaq said he expects sales of over mln dlrs for the period ending march above analysts estimates of mln dlrs he added that earnings per share would exceed analysts estimates of as high as cts a share compaq reported earnings of mln dlrs or cts a share and sales of mln dlrs for the first quarter the company said demand for its deskpro portable iii and the new compaq deskpro will contribute to the sales increase the initial demand for the recently introduced compaq portable iii and the new models of the compaq deskpro exceeds that of any other compaq personal computers canion said we saw continued demand for our personal computers across the quarter with march being a particularly strong month reuter" }, { "label": 0, "text": "i u international iu to sell insurance units i u international co said it reached a preliminary agreement to sell the hawaiian insurance cos to hawaiian electric industries inc he terms of the transaction were not disclosed the company said the transaction is subject to the execution of definitive agreements certain governmental approvals and approvals by the boards of directors involved i u international said hawaiian electric said the planned purchase was part of its strategy to increase the company s investment in selected service industries in hawaii including financial services reuter" }, { "label": 2, "text": "cxr telcom corp cxrl rd qtr march net shr nil vs nil net vs revs vs nine mths shr one ct vs nil net vs revs vs reuter" }, { "label": 0, "text": "proxmire outlines insider trading legislation senate banking committee chairman william proxmire d wis said he planned to introduce legislation shortly to require greater public disclosure of corporate takeovers and fairer treatment for all shareholders speaking to the national association of manufacturers proxmire said recent insider trading stock scandals increased the chance that congress will act to curb abuses we are proposing legislation that would provide for more disclosure would be fairer to all shareholders and would insure that takeovers are properly financed he said among the provisions the bill would reduce the threshold for notifying the securities and exchange commission that a investor or group has acquired a percentage of stock in a company to three pct from the current five pct threshold within days proxmire said in addition there would be a pre notificaton requirement that an investor intended to aquire three pct that would have to filed with the sec proxmire said the pre notification requirement was meant to prevent arbitragers from having a jump on the general public in knowing about coming takeover attempts proxmire said he would call for extending the period that a tender offer must be kept open under the williams act to business days from the current business days his bill would provide for private suits if the acquiring company violated the time period on the tender offer to correct abuses in the financing of takeovers proxmire said the legislation would aim at insuring current margin requirments are properly enforced the federal reserve board has a pct margin requirement for purchasing stock but proxmire said it is not generally enforced in hostile takeovers rather the groups or individuals leading a takeover declare that they can raise the capital for a takeover without actually putting any of their own money proxmire said he said his bill would allow private suits for damages for failure to meet the federal reserve s pct margin requirements the bill also would require more disclose when several investors form an alliance in a hostile takeover when pickens and icahn get together we want people to know about it proxmire said proxmire said he favored the approach used in britain towards two tiered tender offers that insures that all shareholders recieve equal treatment he said he expected amendments to the bill also would cover defensive mechanisms such as green mail and poison pills proxmire said he intended to introduce his bill later this month and predicted the senate committee would act this spring he said he was hopeful congress could pass a bill this year reuter" }, { "label": 2, "text": "helen of troy corp hele th qtr feb net shr cts vs cts net vs sales mln vs avg shrs vs year oper shr profit dlrs vs loss cts oper net profit vs loss sales mln vs mln avg shrs vs note latest year net excludes dlr tax credit reuter" }, { "label": 2, "text": "bankers trust bt puts brazil on non accrual bankers trust new york corp said it has placed its approximately mln dlrs of medium and long term loans to brazil on non accrual status and that first quarter net income will be reduced by about seven mln dlrs as a result brazil suspended interest payments on its billion dlrs of medium and long term debt on february u s banking regulations do not require banks to stop accruing interest on loans until payments are days overdue but bankers trust said it acted now because of the high potential of a continued suspension that would result in reaching the day limit in the second quarter of assuming no cash payments at current interest rates are received for the rest of bankers trust estimated that full year net income would be reduced by about mln dlrs bankers trust said it assumes that debt negotiations between brazil and its commercial bank lenders will lead to the resumption of interest payments the negotiations resume in new york on friday when central bank governor francisco gros is expected to ask banks for a day rollover of some billion dlrs of term debt that matures on april reuter" }, { "label": 2, "text": "first mercantile currency fund inc st qtr net shr profit cts vs cts net vs revs vs reuter" }, { "label": 5, "text": "stoltenberg sees moves to strengthen paris accord west german finance minister gerhard stoltenberg said today s meetings of major industrial countries would look at ways of strengthening the paris accord on stabilizing foreign exchange rates stoltenberg told journalists he saw no fundamental weakness of the february agreement of the group of five countries and canada to keep exchange rates near the then current levels but he declined to say what measures would be discussed ahead of a communique of the group of seven ministers later today stoltenberg and bundesbank president karl otto poehl said the importance of the paris agreement also known as the louvre accord had been underestimated stoltenberg said there is greater agreement now among major countries than six months ago at the time of the annual meeting of the international monetary fund and world bank marked by sharp discord between the united states and its major trading partners there is no fundamental weakness of the paris accord he said we will be looking at ways of strengthening it but i do not want to discuss that here stoltenberg said the louvre agreement was working despite a slight firming of the yen against the dollar and poehl noted that the dollar mark parity was unchanged since february without the bundesbank having had to sell marks to support the dollar the louvre agreement has been honored by the market he said poehl said west germany had lived up to its side of the bargain in paris by preparing the way for tax cuts to be accelerated as a way of stimulating growth poehl said however that japan had not yet fulfilled its pledges for economic stimulation and we will have to see if the united states is able to do what they promised in paris on reducing the budget deficit and get it through congress he added stoltenberg reiterated west german concern about a further fall in the dollar noting that the mark was up pct against the dollar and nearly pct on a trade weighted basis you cannot expect that to go unnoticed in an economy and it is not just a german problem it is a european problem he said reuter" }, { "label": 2, "text": "mead mea expects improved earnings this year mead corp said the outlook for its major paper markets looks strong for the second quarter and augurs well for its earnings in the generally strong outlook bodes well for significantly improved earnings this year burnell roberts chairman and chief executive officer said earlier the company reported first quarter earnings of mln dlrs or dlrs a share versus mln dlrs or cts a share in last year s first quarter in the company reported earnings from continuing operations of mln dlrs or dlrs a share mead said its first quarter benefitted from stronger market conditions and improved operations the combination of capital improvement programs and more employee involvement has been paying off throughout our paper operations roberts said he added that mead s pulp and paperboard businesses are operating well as prices have improved and strong demand has placed most products in a sold out position through the middle of the year mead said sales of its unbleached coated paperboard was particularly strong up pct versus the first quarter reuter" }, { "label": 2, "text": "amertek inc atekf st qtr net shr profit cts vs loss three cts net profit vs loss revs vs reuter" }, { "label": 2, "text": "alex brown inc absb st qtr march net shr primary cts vs cts shr diluted cts vs cts qtrly div six cts vs five cts net vs revs mln vs mln note pay date for the qtrly div is april for shareholders of record april reuter" }, { "label": 2, "text": "town and country jewelry manufacturing tcjc thh qtr feb shr cts vs cts net vs sales mln vs mln avg shrs vs year shr dlrs vs dlrs net vs sales mln vs mln avg shrs vs note town and country jewelry manufacturing corp reuter" }, { "label": 0, "text": "paxar corp paks makes acquisition paxar corp said it has acquired thermo print gmbh of lohn west germany a distributor of paxar products for undisclosed terms reuter" }, { "label": 2, "text": "mark s work wearhouse ltd year jan net shr cts vs cts net vs sales mln vs mln reuter" }, { "label": 0, "text": "canadian bashaw erskine resources to merge canadian bashaw leduc oil and gas ltd said it agreed to merge with erskine resources ltd terms were not disclosed ownership of the combined company with pct for the current shareholders of canadian bashaw and pct to the current shareholders of erskine the companies said reuter" }, { "label": 2, "text": "entourage entg has first quarter loss entourage international inc said it had a first quarter loss of dlrs after incurring dlrs in costs for an internal audit a report for shareholders and proxy soliciation and dlrs in startup expenses for opening london offices the company went public during entourage also said it has started marketing a solid perfume packaged in a lipstick tube called amadeus retailing at dlrs the company also said it has acquired north country media group a video productions company reuter" }, { "label": 2, "text": "mr jax fashions inc year feb net shr cts vs cts net vs sales mln vs mln reuter" }, { "label": 2, "text": "f w woolworth co says it hikes dividend to cts a share from cts" }, { "label": 2, "text": "f w woolworth co z hikes dividend qtly div cts vs cts prior pay june record may reuter" }, { "label": 2, "text": "j p morgan and co inc st qtr shr dlrs vs dlrs" }, { "label": 2, "text": "volkswagen dividend decision due tomorrow volkswagen ag vowg f vw is due to make a formal announcement about its dividend tomorrow after saying the level of marks per ordinary share would be held despite massive losses because of a suspected foreign currency fraud a spokesman said vw s supervisory board will meet tomorrow to discuss the payout a statement will be made afterwards vw has also said disclosed profits for will reach their level despite provisions of a possible mln marks linked to the currency affair the figure is virtually the same as the mln mark parent company net profit when vw first confirmed the currency scandal on march it said the management board would propose an unchanged mark dividend to the supervisory board a dividend of marks would be proposed for the company s new preference shares share analysts said they saw supervisory board approval of the management board proposal as virtually a formality anything else would be more than a surprise one said company sources said vw would have to dig into reserves to maintain the disclosed profit parent company reserves stood at around three billion marks at end reuter" }, { "label": 2, "text": "citytrust bancorp inc citr st qtr net shr dlrs vs dlrs net vs avg shrs vs reuter" }, { "label": 0, "text": "southmark sm acquires nursing homes southmark corp said it acquired long term care facilities containing for approximately mln dlrs in cash it said the facilities which contain approximately beds in seven western states were bought from don bybee and associates of salem ore the acquistion brings to health care facilities acquired in the last three months the company said reuter" }, { "label": 2, "text": "j p morgan and co inc jpm st qtr net shr dlrs vs dlrs net mln vs mln assets billion vs billion loans billion vs billion deposits billion vs billion return on assets pct vs pct return on common equity pct vs pct note qtr net was reduced by mln dlrs because billion dlrs of loans to brazil were placed on non accrual loan loss provision mln dlrs vs mln year earlier reuter" }, { "label": 2, "text": "firstbanc corp of ohio fboh st qtr net shr cts vs cts net vs reuter" }, { "label": 2, "text": "mayfair super markets inc myfra nd qtr net qtr ends feb shr class a cts vs cts shr class b cts vs cts net vs revs vs six mths shr class a dlrs vs cts shr class b dlrs vs cts net vs revs vs note qtr and six mths prior figures reflect two for one stock split in august reuter" }, { "label": 2, "text": "hanover insurance hins get split approval hanover insurance co said its stockholders approved a two for one stock split as a result of the split hanover said it increases the number of authorized shares of capital stock from mln having a par value of one dlr to mln also having a par value of one dlr the stock split is payable april to stockholders of record april hanover said reuter" }, { "label": 0, "text": "national guardian natg makes acquisitions national guardian corp said it has acquired a number of security services companies recently with aggregate revenues of about dlrs for an aggregate cost of about dlrs it said it acquired guard service companies c s c security gaurd service of paramus n j from cartel security consultants inc the guard services division of security services of america of wayne n j capital investigations and protective agency of hackensack n j and meyer detective agency inc of national park n j the company said it bought alarm service operations certified security services inc of key west fla custom security services of myrtle beach s c a t e security group inc of houston and the louisville kent and nashville tenn offices of wells fargo alarm services reuter" }, { "label": 2, "text": "universal medical umbiz distribution set qtly distribution cts vs cts prior excluding cts special pay april record april note full name is universal medical buildings l p reuter" }, { "label": 0, "text": "wedgestone realty wdg acquisition approved wedgestone realty investors trust said shareholkders have approved the acquisition of its advisor wedgestone advisory corp for shares it said completion is expected to take place april reuter" }, { "label": 2, "text": "hartmarx corp hmx boosts dividend chicago april qtly div cts vs cts prior qtr pay may record may" }, { "label": 5, "text": "top officials arrive at treasury for g talks top officials of leading industrial nations arrived at the u s treasury main building to begin a meeting of the group of five officials seen arriving by reuter correspondents included west german finance minister gerhard stoltenberg and bundesbank president karl otto poehl french finance minister edouard balladur and his central banker jacques de larosiere also seen arriving were japanese finance minister kiichi miyazawa and japan s central bank governor satoshi sumita and british chancellor of the exchequer and central bank governor robin leigh pemberton there was no immediate sign of italian or canadian officials monetary sources have said a fully blown meeting of the group of seven is expected to begin around p m local time gmt and last at least until p m gmt when a communique is expected to be issued italian sources said italian acting finance minister giovanni goria met treasury secretary james baker last night at those talks baker apparently convinced goria who declined to attend the february meeting of the group of seven in paris that italy would participate fully in any meaningful decisions reuter" }, { "label": 4, "text": "fed expected to set customer repurchases the federal reserve is expected to intervene in the government securities market to supply temporary reserves indirectly via customer repurchase agreements economists said economists expect the fed to execute billion dlrs of customer repos to offset pressures from the end of the two week bank reserve maintenance period today some also look for a permanent reserve injection to offset seasonal pressures via an outright purchase of bills or coupons this afternoon the federal funds rate opened at pct and remained at that level up from yesterday s pct average reuter" }, { "label": 0, "text": "reader s digest association sells unit the reader s digest association inc said it sold its subsidiary source telecomputing corp to the venture capital firm of welsh carson anderson and stowe the purchase price was not disclosed reader s digest said it said it purchased an pct stake in source in and earned an unspecified profit on mln dlrs in revenues in reuter" }, { "label": 2, "text": "weis markets inc wmk st qtr march net shr cts vs cts net mln vs mln revs mln vs mln reuter" }, { "label": 2, "text": "continental bank initial distribution approved continental bank of canada said shareholders approved a capital reorganization to allow an initial payout by the end of may to common shareholders from last year s mln canadian dlr sale of most continental assets to lloyds bank plc s lloyds bank canada the bank said the initial distribution would take the form of a stock dividend of cumulative redeemable retractable class a series two preferred shares entitling holders to monthly floating rate dividends at pct of prime and to dlrs a share on retraction continental said the initial payout was subject to canadian government approval the bank reiterated that total distributions to common shareholders would range from dlrs a share to dlrs including the initial stock dividend and a final distribution in late or early the payout of existing preferred shareholders will be completed just before next month s initial distribution to common shareholders continental added reuter" }, { "label": 2, "text": "atlas consolidated mining and development acmb th qtr shr loss cts vs loss cts net loss mln vs loss mln revs mln vs mln year shr cts vs dlrs net loss mln vs loss mln revs mln vs mln note atlas consolidated mining and development corp of manila translated from philippine pesos at pesos to dollar vs in quarter and vs in year reuter" }, { "label": 0, "text": "sci med smls board agrees to bristol bmy deal sci med life systems inc said its directors approved a previously proposed agreement of merger with bristol myers co the proposed transaction is subject to completion of a due diligence investigation including a review by bristol myers of a patent infringement suit served on sci med by advanced cardiovascular systems inc on march bristol myers has the right to call off the agreement under certain circumstances it said sci med said it continues to believe the patent suit is without merit reuter" }, { "label": 0, "text": "fidelcor ficr completes sale of unit fidelcor inc said it has completed the sale of its industrial valley title insurance co subsidiary to a group of investors including the unit s management for undisclosed terms industrial valley has assets of about mln dlrs and was acquired last year along with ivb financial corp reuter" }, { "label": 2, "text": "data translation inc datx st qtr feb net shr cts vs cts net vs sales vs avg shrs vs reuter" }, { "label": 2, "text": "fidata corp fid th qtr loss shr loss two cts vs profit cts net loss vs profit revs vs mln year shr profit dlrs vs profit cts net profit mln vs profit revs mln vs mln note net includes pretax securities sale gain dlrs vs loss dlrs in quarter and gain dlrs vs loss dlrs in year net includes pretax gains on sale of businesses of nil vs dlrs in quarter and mln dlrs vs dlrs in year net includes pretax losses on disposition of product line of nil vs dlrs in quarter and dlrs vs dlrs in year quarter net includes tax credits of dlrs vs dlrs net includes reversal of tax loss carryforwards of dlrs vs dlrs in quarter and tax loss carryforwards of dlrs vs dlrs in year reuter" }, { "label": 2, "text": "marble financial corp mrbl st qtr net oper shr cts vs not given oper net vs note net excludes dlr gain from termination of pension plan company went public in august reuter" }, { "label": 0, "text": "dominion textile calls report of bid for burlington rumor" }, { "label": 2, "text": "raytheon co st qtr shr dlrs vs dlrs" }, { "label": 2, "text": "fleet financial group st qtr shr cts vs cts" }, { "label": 2, "text": "diebold inc dbd declares dividend qtly div cts vs cts prior pay june record may reuter" }, { "label": 2, "text": "independent bank corp ibcp regular dividend qtly div cts vs cts previously pay april record april reuter" }, { "label": 2, "text": "raytheon co rtn st qtr net shr dlrs vs dlrs net mln vs mln revs billion vs billion avg shrs mln vs mln reuter" }, { "label": 2, "text": "waltham savings bank wlbk initial dividend qtly div eight cts vs n a payable may record april reuter" }, { "label": 2, "text": "fleet financial group flt st qtr net shr primary cts vs cts shr diluted cts vs cts net vs avg shares vs note qtr net interest income is mln dlrs vs mln dlrs earnings per share reflects two for one common stock split on march reuter" }, { "label": 0, "text": "dominion calls burlington bur report rumor dominion textile inc considers a published report that it has bought a stake in burlington industries inc and is considering making a joint bid for the company to be a rumor a company spokesman said as far as i am concerned and the company is concerned they are rumors and we re not commenting on rumors spokesman michel dufour told reuters in response to a query all the information that has been given out publicly is that yes dominion textile is interested in making an acquisition that big probably based on that people are starting all sorts of rumors he said dufour said yes when asked whether the report was only a rumor but said the company was not prepared to comment further dominion textile president and chairman thomas bell was out of town and unavailable for comment dominion textile last year made an unsuccesful mln u s dlr bid for avondale mills and has maintained a mln u s dlr line of credit to be used for an american acquisition dufour said the company has been negotiating with many u s textile companies but would not say whether burlington industries was one of them burlington s stock rose sharply this morning on the report which said dominion textile had joined with u s investor asher edelman to buy a stake in the company and to consider making a takeover offer dominion textile which reported operating profit of mln canadian dlrs last year on sales of mln dlrs has repeatedly said it will concentrate on expanding into the u s the company has said it plans to diversify into new product and market areas in addition to expanding its textile operations reuter" }, { "label": 4, "text": "fed sets overnight system repurchases fed says" }, { "label": 2, "text": "raytheon rtn net rises on operations raytheon said a pct rise in its first quarter net to mln dlrs reflected improved operations and a lower effective tax rate the company said revenue gains in electronics major appliances and other lines were offset by decreases in energy services and aircraft products revenues in the quarter rose pct to billion dlrs it said the company said backlog stood at billion dlrs down from billion dlrs a year earlier it said a five year billion dlr u s defense contract was awarded shortly after the close of the first quarter reuter" }, { "label": 2, "text": "general instrument corp grl th qtr loss ended feb shr loss dlrs vs profit cts net loss mln vs profit revs mln vs mln year shr loss dlrs vs loss dlrs net loss mln vs loss mln revs mln vs mln note includes loss of mln dlrs vs loss mln dlrs in year and loss of mln dlrs in current qtr from discontinued operations qtr includes pretax gain of five mln dlrs from settlement of litigation and tax gain of mln dlrs from change in estimated effective tax rate reuter" }, { "label": 4, "text": "fed adds reserves via overnight repurchases the federal reserve entered the u s government securities market to arrange overnight system repurchase agreements a fed spokesman said dealers said that federal funds were trading at pct when the fed began its temporary and direct supply of reserves to the banking system reuter" }, { "label": 2, "text": "j p morgan jpm net hurt by brazil trading j p morgan and co inc said its first quarter earnings fell by pct largely reflecting its previously announced decision to place on non accrual status its billion dlrs of medium and long term loans to brazil that decision spurred by brazil s suspension of interest payments on february reduced the quarter s net income by mln dlrs to mln dlrs compared with mln in the first three months of morgan also reported a loss of mln dlrs from securities underwriting and trading in contrast to a gain of mln dlrs in the year earlier period in the fourth quarter of morgan posted other trading losses of mln dlrs because of setbacks in the trading and underwriting of euromarket securities conditions in some sectors of the euromarket remained difficult last quarter with floating rate notes suffering heavy price falls but a spokeswoman was unable to say whether morgan s trading losses were restricted to the euromarket on the positive side morgan reduced its provision for loan losses to mln dlrs from mln a year earlier foreign exchange trading income rose to mln dlrs from mln and trust income increased to mln dlrs from mln morgan said other operating income mainly fees and commissions rose to mln dlrs from mln but net investment securities gains dropped to mln from mln net interest earnings were mln dlrs in the first quarter down from mln a year earlier and net yield fell to pct from pct if brazil had not been placed on non accrual which means that interest can be recorded as income only when payments are actually received net interest earnings would have been mln dlrs and net yield pct if brazil does not resume payments net would be cut by mln dlrs morgan added after the provision for loan losses morgan s allowance for credit losses at the end of march totaled mln dlrs compared with mln at end and mln a year earlier it reported net recoveries of six mln dlrs after charge offs of eight mln compared with net charge offs of mln dlrs after recoveries of three mln a year earlier excluding brazil non accruing loans at quarter s end were mln dlrs down from mln at end and mln a year earlier non interest expenses rose to mln dlrs from mln dlrs with more than half the increase related to personnel costs morgan said reuter" }, { "label": 2, "text": "atlas consolidated mining acmb th qtr shr loss cts vs cts net loss mln vs loss mln revs mln vs mln year shr loss cts vs loss dlrs net loss mln vs loss mln revs mln vs mln reuter" }, { "label": 2, "text": "fleet flt shareholders approve share increase fleet financial group said its shareholders approved an increase in shares of the company s authorized common stock to shares from shares currently the company said shareholders approved the move at the annual meeting in providence today when the company reported that its first quarter earnings rose to mln dlrs or cts a share from mln dlrs or cts a share in the first quarter j terence murray chairman and president of fleet financial said fleet s mortgage banking activities in particular continued to produce signficant income increases in the first quarter murray said fleet s mortgage servicing portfolio reached billion dlrs by march including billion dlrs purchased in march reuter" }, { "label": 2, "text": "rowe furniture corp rowe st qtr feb shr cts vs cts net vs revs mln vs mln reuter" }, { "label": 2, "text": "reuters chairman urges freer information flows exchanges and telecommunications authorities should abolish their restrictions on full and free dissemination of information to the investment and banking communities reuters holdings plc rtrs l chairman sir christopher hogg said in the annual repoprt he said lengthy negotiations had brought agreement with the tokyo and london stock exchanges for fuller but still not complete access to market data through reuter services many other markets maintain restrictions he added hogg said members of some markets appear to believe that information restrictions protected their interests in other cases exchanges seem to be limiting the distribution of data in order to provide competitive advantage to their own commercial information businesses he also noted that despite increasing liberalisation in the telecommunications field some countries continue to protect their state monopolies at the expense of other economic sectors reuter dealing services remain excluded from such countries as a result banking communities serving entire economies are put at a competitive disadvantage he added reuters increased its pre tax profit by pct from the previous year to mln stg on a pct rise in revenues to mln stg earnings per ordinary share were up pct to p the annual shareholder meeting will be held in london on april reuter" }, { "label": 0, "text": "ccl industries purchases stake in monobloc ccl industries inc said it purchased a majority interest in monobloc u s a from envases metalurgicos de alava of spain terms were not disclosed ccl also said it agreed to exchange present and future technology with envases reuter" }, { "label": 2, "text": "rhodes inc rhd declares dividend qtly div nine cts vs nine cts prior pay july record june reuter" }, { "label": 0, "text": "madeira in letter of intent to be acquired madeira inc said it signed a letter of intent to be acquired by tradevest inc through a stock for stock exchange after completion of the transaction tradevest would own pct of the issued outstanding stock of madeira reuter" }, { "label": 2, "text": "celltronics celt declares one for split celltronics inc said its directors declared a one for reverse stock split of its common stock it said the split will be payable april to shareholders of record april reuter" }, { "label": 2, "text": "montedison s agrimont unit earnings montedison spa of italy said net consolidated profit for its agrimont group formed in june totalled billion lire in agrimont spa the holding company for montedison s agro industrial businesses had sales of billion lire and a net profit of about billion lire after amortization costs of billion lire and a billion lire reduction in the value of inventory due to falling market prices montedison said agrimont still wholly owned by montedison is taking steps to be traded on the milan exchange the company said the company said that was characterized by an unstable fertlizer market due to the weak dollar and the decline of international prices for products sold in europe and the u s where agrimont operates through its conserv division in pesticides and in animal health care products agrimont maintained its previous level of revenues and market share in montedison said montedison said it named ettore dell isola to the newly created position of president of agrimont montedison also said it named renato picco managing director of eridania spa and gianfranco ceroni managing director of italiana olii e sifi both of whom are members of the the ferruzzi group s management board to argimont s board of directors ferruzzi owns about pct of montedison the company said reuter" }, { "label": 0, "text": "datron datr agrees to buyout by officers datron corp said it agreed to merge with ggfh 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 bought for six dlrs a share it said datron s officers hold about pct of the total datron common shares outstanding upon completion of the proposed transaction the officers of datron would own pct of the company the merger is subject to gghf s receiving financing for the plan datron said shareholders of datron will be asked to approve the plan at their annual meeting to be held in june or july and the merger is expected to be completed by july it said reuter" }, { "label": 0, "text": "trump and interstate properties in talks to acquire alexanders" }, { "label": 2, "text": "sound warehouse inc swhi rd qtr feb net shr cts vs cts net vs revs mln vs mln nine mths shr cts vs cts net vs revs mln vs mln reuter" }, { "label": 0, "text": "trump and interstate in talks for alexanders donald trump and interstate properties said they were holding preliminary discussions regarding a possible joint acquisition of alexanders inc at dlrs per share the possible acquisition is subject to any applicable real estate gains and transfer taxes the joint statement said trump and interstate which presently own about pct of alexander s common stock said they intend to keep the company as a retailer if they succed in their acquisition there can be no assurances that the parties will reach any agreement regarding an acquisition or what price might be offered the statement said reuter" }, { "label": 2, "text": "telecrafter corp swhi nd qtr feb net shr profit cts vs loss cts net profit vs loss revs mln vs mln six months shr profit cts vs loss cts net profit vs loss revs mln vs mln note nd qtr and six months include gains of dlrs and dlrs for tax loss carryforward reuter" }, { "label": 2, "text": "colt industries inc cot st qtr net shr cts vs cts net vs revs mln vs mln avg shrs mln vs mln note net reflects interest expense on debt incurred to finance recapitalization in oct prior year earnings restated to reflect recapitalization plan reuter" }, { "label": 0, "text": "yankee ynk unit not to sell subsidiary yankee cos inc said its eskey inc esk subsidiary has decided not to sell its yale e key unit further details were not disclosed reuter" }, { "label": 2, "text": "mayfair super markets inc myfra nd qtr feb shr cts vs cts net mln vs mln revs mln vs mln six months shr dlrs vs cts net mln vs mln revs mln vs mln note share adjusted for for stock split reuter" }, { "label": 2, "text": "baton broadcasting inc six mths feb net shr cts vs cts net vs revs mln vs mln reuter" }, { "label": 2, "text": "united cable television corp uct rd qtr net shr loss cts vs profit seven cts net loss vs profit revs mln vs mln avg shrs mln vs mln nine mths shr loss cts vs profit cts net loss vs profit revs mln vs mln avg shrs mln vs 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 dlrs in quarter and dlrs in nine mths reuter" }, { "label": 0, "text": "canada allows publishing takeover by harcourt 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" }, { "label": 0, "text": "talking point burlington industries bur 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 to 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 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 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 earnings of dlrs per share up from 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 dlrs on a takeover basis and about dlrs on an earnings basis some arbitragers however said takeover values have been placed on the company of to 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 to and fieldcrest cannon inc fld the result of a merger of fieldcrest and cannon rose to west point pepperell inc wpm rose to reuter" }, { "label": 2, "text": "sterivet laboratories ltd stvtf st qtr net shr profit cts vs loss cts net profit vs loss revs vs reuter" }, { "label": 2, "text": "sterivet laboratories ltd stvtf year loss shr loss cts vs loss cts net loss vs loss revs vs reuter" }, { "label": 7, "text": "japan in last ditch effort to avert tariffs 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 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 pct duties on mln dlrs worth of japanese shipments president reagan announced the planned tariffs on march after he said that close monitoring of the july 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 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 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" }, { "label": 0, "text": "hoechst celanese sends report on new facilities 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 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" }, { "label": 2, "text": "mellon participating mortgage trust mpmts div qtly div cts vs cts prior payable may record april reuter" }, { "label": 0, "text": "u k gec declines comment on u s purchase rumour 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 p to a final p from yesterday s closing price of p reuter" }, { "label": 2, "text": "preston corp ptrk sees first quarter loss preston corp said it expects to report a loss of about dlrs or five cts per share for the first quarter compared with a profit of dlrs or 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" }, { "label": 7, "text": "white house standing firm on japanese sanctions presidential spokesman marlin fitzwater said u s trade sanctions against japan were likely take effect on april 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" }, { "label": 2, "text": "dow jones and co inc first quarter shr cts vs cts" }, { "label": 2, "text": "hayes dana inc st qtr net shr cts vs cts net vs revs mln vs mln note pct owned by dana corp dcn reuter" }, { "label": 2, "text": "electro rent corp elrc rd qtr feb net shr cts vs cts net vs revs mln vs mln nine mths shr cts vs dlrs net vs revs mln vs mln reuter" }, { "label": 2, "text": "walgreen co nd qtr shr cts vs cts" }, { "label": 2, "text": "judy s inc judy th qtr jan loss shr loss two cts vs profit nine cts net loss vs profit sales mln vs mln year shr profit nine cts vs profit cts net profit vs profit sales mln vs mln reuter" }, { "label": 2, "text": "orange co inc oj nd qtr feb net shr profit dlrs vs loss cts net profit vs loss revs mln vs mln avg shrs vs st half shr profit dlrs vs loss dlrs net profit mln vs loss revs mln vs mln avg shrs vs note current year net both periods includes gain dlrs from sale of orange co of florida subsidiary to american agrnomics corp agr net includes pretax real estate disposition loss dlrs vs gain dlrs in quarter and loss dlrs vs gain dlrs in half prior year net includes tax credits of dlrs in quarter and dlres in half current half net includes dlr pretax gain dlrs from change in accounting reuter" }, { "label": 2, "text": "dow jones and co inc dj st qtr net shr cts vs cts net vs rev mln vs mln note earnings include after tax gain of mln dlrs or cts a share versus after tax gain of mln dlrs or cts a share for first quarter earnings per share reflects a pct stock dividend in the form of a class b common stock distribution on june reuter" }, { "label": 2, "text": "lord abbett and co mutual fund dividends lord abbett bond debenture fund qtly div cts vs cts prior pay may record april lord abbett u s government securities fund daily div cts vs cts prior pay may record may lord abbett tax free income fund national series daily div cts vs cts prior pay may record may lord abbett tax free income new york series daily div cts vs cts prior pay may record may lord abbett tax free income texas series daily div cts vs cts prior pay may record may lord abbett california tax free income daily div of cts vs cts prior pay may record may reuter" }, { "label": 2, "text": "heineken sees higher profits wider penetration dutch brewer heineken nv said it hoped to maintain for a number of years a similar earnings growth to the pct increase in net profit achieved in despite continuing investments in a reorganization program and efforts to extend world penetration heineken last month reported a net profit of mln guilders after mln in chairman freddie heineken said the company europe s leading beer producer with six pct of market share in said sales increased by pct to 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 pct of the total turnover despite losses in guilder terms due to weaker foreign currencies rose by pct to billion guilders further consolidation of foreign companies including the increase of its stake in leading spanish brewery el aguila s a to pct new ventures and modernization particularly in french and spanish interests eroded profit margins the company still planned to invest 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 and with majority stakes in six breweries and interests in 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 pct of total 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 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" }, { "label": 2, "text": "walgreen co wag votes quarterly dividend qtly div cts vs cts prior qtr pay june record may reuter" }, { "label": 1, "text": "turkey calls for dialogue to solve dispute 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" }, { "label": 0, "text": "frontier insurance frtr in acquisition talks 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" }, { "label": 2, "text": "frontier insurance group inc frtr th qtr net oper shr cts vs six cts oper net vs revs vs avg shrs vs year oper shr cts vs cts oper net vs revs mln vs mln avg shrs vs 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" }, { "label": 2, "text": "southington savings bank ssbb st qtr net shr cts vs not given net vs note company went public in july reuter" }, { "label": 2, "text": "caterpillar inc cat votes quarterly dividend qtly div cts vs cts prior qtr pay may record april reuter" }, { "label": 0, "text": "corrected datron datr agrees to buyout 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 pct of the total datron common shares outstanding it said corrects company name gghf in first paragraph reuter" }, { "label": 2, "text": "walgreen co wag nd qtr feb net shr cts vs cts qtly div cts vs cts prior net mln vs mln revs billion vs one billion six mths shr cts vs cts net mln vs mln revs billion vs 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 record may reuter" }, { "label": 2, "text": "medtronic mdt sees pct earnings growth medtronic inc said it sees pct growth in sales and earnings for the year ending april at an analysts meeting here the company said that for the year ending april it will earn about mln dlrs or about dlrs a share on sales of about mln dlrs in the year ago period the company earned mln dlrs or dlrs a share on sales of mln dlrs winston wallin medtronic chairman said the company will improve market share in fiscal 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 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 pct in fiscal from pct in fiscal he said the worldwide market for cardiovascualr therapeutic products which includes pacemakers valves catheters and lasers will be valued at about billion dlrs and will double that by 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 pct earnings growth for fiscal 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 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" }, { "label": 0, "text": "spie batignolles could increase comstock holding 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 mln dlrs in comstock in the form of bonds convertible into shares spie batignolles has held a pct stake in comstock since february 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" }, { "label": 2, "text": "tranzonic cos tnz th qtr feb net shr cts vs cts net vs sales mln vs mln avg shrs vs year shr two dlrs vs dlrs net vs sales mln vs mln avg shrs vs reuter" }, { "label": 2, "text": "security pacific expects brazil loan action to cut net by mln dlrs" }, { "label": 7, "text": "white house says japanese tarriffs likely the white house said high u s tariffs on japanese electronic goods would likely be imposed as scheduled on april 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 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" }, { "label": 2, "text": "showboat sbo to take charge sees rd qtr loss showboat inc will take a charge of to mln dlrs pretax against results for the third quarter ended march 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 as well but houssels said showboat s earnings for fiscal should show a sharp increase from fiscal levels due to the contribution of the new atlantic city facility showboat earned dlrs in last year s third quarter for all of fiscal it earned 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" }, { "label": 2, "text": "security pacific spc loans put on non accrual security pacific corp said it is placing medium and long term loans to brazil and ecuador on a non accrual basis as of march a move that will reduce first quarter earnings by 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 mln dlrs or dlrs per share reported for the first quarter of the bank holding company said the action affects mln dlrs of loans to brazil and mln of loans to ecuador brazil suspended interest payments on its billion dlrs of medium and long term debt on february 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 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 the brazilian negotiations resume on friday in new york when central bank governor francisco gros is expected to ask banks for a day roll over of some billion dlrs of term debt that matures on april reuter" }, { "label": 1, "text": "iraqi troops reported pushing back iranians 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 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 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 iranian boats attempting to attack an offshore terminal the communique said reuter" }, { "label": 2, "text": "golden enterprises inc gldc rd qtr feb net shr cts vs nine cts qtly div six cts vs six cts in prior qtr net vs revs mln vs mln avg shrs mln vs mln nine mths shr cts vs cts net vs revs mln vs mln avg shrs mln vs mln note dividend is payable april to holders of record april reuter" }, { "label": 5, "text": "group of five meeting ends 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 gmt at the treasury reuter" }, { "label": 0, "text": "ual ual may respond to pilots today 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 chance a statement would be released today the pilots earlier this week offered to buy the airline for billion dlrs and assume 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 on volume of more than 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 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" }, { "label": 2, "text": "hartmarx hmx targets earnings growth hartmarx corp following a year of restructuring continues to target record earnings for fiscal chairman john meinert told the annual meeting meinert reiterated an earlier comment that earnings for the remainder of the year must double the level to meet that goal in fiscal ended november hartmarx reported earnings of mln dlrs or dlrs a share down from the prior year s mln dlrs or dlrs a share the year old apparel manufacturer recently posted first quarter earnings of cts a share up from 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 meinert said the company will open five new and 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" }, { "label": 2, "text": "general electric co st qtr shr dlrs vs dlrs" }, { "label": 1, "text": "ghana to buy crude oil from iran ghana will import 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" }, { "label": 2, "text": "general electric co ge st qtr net shr dlrs vs dlrs net mln vs mln sales billion vs billion note prior year does not include results of rca corp reuter" }, { "label": 2, "text": "energy development edp had year loss energy development partners ltd said it had an operating loss for the year ended december of mln dlrs or cts per share but it said a mln dlr non cash writeoff of oil and gas properties taken in the first quarter resulted in a net loss of mln dlrs or dlrs per share energy development partners is a limited partnership which began operating in september full year revenues totaled mln dlrs the company also said it said proved reserves at december totaled mln barrels of oil and mln cubic feet of natural gas reuter" }, { "label": 5, "text": "industrial nations reconvene for talks 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 p m local time 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" }, { "label": 0, "text": "chrysler c renault delay am motors amo pact 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 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 if an agreement could not be reached the two companies said they now plan to complete work by april 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 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" }, { "label": 2, "text": "rite aid corp rad sets dividend qtly div cts vs cts pay april record april reuter" }, { "label": 2, "text": "airsensors inc arsn rd qtr jan loss shr loss five cts vs loss six cts net loss vs loss sales vs nine mths shr loss cts vs loss cts net loss vs loss sales vs reuter" }, { "label": 2, "text": "general electric ge st qtr helped by rca 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 of mln dlrs or dls per shr up pct from mln dlrs or dlrs per share for the same quarter a year ago general electric chairman john welch jr reiterated the company s outlook for 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 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 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 mln dlrs before taxes to implement various strategic moves were charged against operations in the first quarter of it added that there was a one time gain of 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" }, { "label": 2, "text": "banponce corp bdep st qtr net shr dlrs vs dlr net vs reuter" }, { "label": 2, "text": "xebec xebc to report nd qtr loss 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 mln dlrs the company reported a second quarter loss last year of mln dlrs or cts per share on mln in revenues xebec said ibm has historically accounted for about pct of the company s revenues but that total fell to 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" }, { "label": 2, "text": "caterpillar cat reaffirms first quarter outlook 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 mln dlr one time charge by caterpillar mitsubishi a pct owned affiliate the company said it expected profit from operations for the full year to improve over in remarks prepared for delivery to shareholders president peter donis said caterpillar s targeted five pct cost reduction in will be difficult to achieve because the weaker dollar has limited opportunities to obtain lower material costs reuter" }, { "label": 0, "text": "broker boosts zondervan zond stake to pct an investor group headed by minneapolis minn broker jeffrey wendel said it raised its stake in zondervan corp to shares or pct of the total outstanding from shares or pct in a filing with the securities and exchange commission the wendel group said it bought zondervan common shares between march and april at prices ranging from to 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" }, { "label": 2, "text": "kiena two for one share split approved 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 kiena said reuter" }, { "label": 2, "text": "hanover insurance hins raises dividend hanover insurance co said its board declared a quarterly dividend of nine cts per share payable may to holders of record april the dividend comes after a two for one stock split effective april which was approved by shareholders today the company paid a dividend of cts per share on a pre split basis reuter" }, { "label": 0, "text": "day int l day to sell unit 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 net earnings for the full year ending october should be in the ball park of some analysts estimates of mln dlrs to mln dlrs richard jacob day chairman and chief executive officer said day reported earnings of mln dlrs or cts a share in fiscal 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" }, { "label": 2, "text": "rite aid corp rad sets quarterly dividend qtly div cts vs cts pay april record april reuter" }, { "label": 2, "text": "vulcan vul sees first quarter operating loss 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 dlrs 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 to find solutions reuter" }, { "label": 0, "text": "ual ual has no comment on stock rise 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 at on volume of mln shares wall street traders said ual s stock soared in response to the the proposed billion dlr buyout offer by united air s pilots union and on a general rise in air fares throughout the industry reuter" }, { "label": 2, "text": "strata corp stata year dec loss shr loss dlrs vs loss dlrs net loss mln vs loss mln revs mln vs eight mln reuter" }, { "label": 2, "text": "strata stata earnings report qualified strata corp said its earnings report contained a qualified opinion from its independent auditors strata said it owed mln dlrs in overdue interest to its lender at the end of and the entire mln dlr principle has been classified as a liability the company which has an agreement to merge with lomak petroleum inc lost mln dlrs in against a loss of mln dlrs a year earlier reuter" }, { "label": 2, "text": "dayton hudson corp dh votes quarterly payout qtly div cts vs cts prior qtr pay june record may reuter" }, { "label": 2, "text": "vulcan corp vul regular dividend qtly div cts vs cts in prior qtr payable june record may reuter" }, { "label": 0, "text": "nat l distillers says it agrees to sell spirits unit for mln dlrs to american brands" }, { "label": 3, "text": "usda seeks comments on grain discount schedule 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 and a report to congress is required by law by may reuter" }, { "label": 0, "text": "cascade importers unit acquires paris company 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 mln dlrs in revenue reuter" }, { "label": 2, "text": "armel inc aml th qtr loss oper shr loss cts vs loss dlrs oper net loss vs loss revs mln vs mln year oper shr loss cts vs loss dlrs oper net loss vs loss revs mln vs mln note excludes charge of cts per share in the fourth quarter and gain of cts per share in the year reuter" }, { "label": 0, "text": "national distillers dr to sell spirits unit national distillers and chemical corp said it signed a definitive agreement to sell its spirits division for mln dlrs to james beam distilling co a unit of american brands inc amb the sale of the spirits division was made under the company s previously announced plan to sell its spirits and wines businesses it said the wine business was sold last month for mln dlrs to heublein inc part of grand metropolitan plc national distillers said the purchase price will be paid in cash a national distillers spokeswoman said the sale permits national to focus on its core businesses chemicals and propane marketing proceeds from the sale will be used to repay debt and for other corporate purposes the company said in a separate statement american brands said the sale would be for mln dlrs plus the assumption of liabilities the sale would be subject to compliance with the hart scott rodino antitrust improvements act and other regulatory approvals the company said national s distilled spirits business has sales of about mln dlrs american brands said national s spirits brands include gilbey s gin and vodka dekuyper liqueurs and windsor supreme canadian whisky reuter" }, { "label": 2, "text": "management science msai loss may top cts management science america inc clarifying statements made earlier today said its loss for the first quarter could exceed cts a share because of non recurring expenses associated with the acquisition of several companies including comserv inc earlier today the company told a meeting of investors here that the first quarter loss would be cts a share reuter" }, { "label": 4, "text": "wojnilower sees drop in u s interest rates the federal reserve will promote lower interest rates this year to sustain world economic growth first boston corp managing director albert wojnilower said as much as the fed would like to take a tough line against inflation it cannot act to slow the growth of credit without subverting national u s economic policy on selected occasions when the dollar seems steady and because the trade deficit is not responding the united states decided to push germany and japan harder to meet their commitments to economic growth the federal reserve will do its part by moving rates down wojnilower said in a report justifiably not anticipating either a recession or seriously higher interest rates securities market participants have seen little to fear wojnilower said he said last week s hiccup in money and currency rates and bond and stock prices was probably caused by japanese window dressing for march end of fiscal year accounts wojnilower said the u s probably enjoyed above average economic growth in the first quarter however the pick up seems to reflect an unsustainable pace of inventory building and the prospect for the full year is still for real gross national product growth of about pct he said reuter" }, { "label": 0, "text": "raytech ray buys west german company raytech corp said it acquired raybestos industrie produkte gmbh for mln dlrs raybestos with manufacturing facilities in radevormwald west germany produces friction materials for use in clutch and braking applications reuter" }, { "label": 2, "text": "intercare care to post th qtr loss intercare inc said it expects to report a substantial loss for its fourth quarter ended january because of a writeoff of expenses associated with its recently terminated debt and equity offering the company also said the write off includes expenses associated with the acquisition of u s medical enterprises inc and with the restructuring of certain partnerships intercare also said it increased its reserve against accounts receivable executives at the company were not immediately available to provide additional details intercare also said it has implemented a workforce reduction closed two medical centers and is considering additional closings as a means of reducing a working capital deficit reuter" }, { "label": 2, "text": "united tech utx sees no earnings impact united technologies corp said the decision by an international consortium not to develop a new engine would have no impact on or earnings international aero engines iae pct owned by united technologies pratt and whitney division has decided not to launch a superfan version of its v engine we ve told analysts that iae s decision not to launch a full development program of the iae superfan for certification in will have no short term impact on earnings a united technologies spokesman told reuters short term refers to and the spokesman said he declined to elaborate iae s other owners are rolls royce plc japanese aero engines corp fiat spa and mtu of west germany analysts are estimating united technologies will earn dlrs to dlrs a share in it reported earnings of cts a share in which included two large writeoffs reuter" }, { "label": 2, "text": "stewart and stevenson ssss th qtr net shr profit cts vs profit cts net profit vs profit revs mln vs mln year shr nil vs loss dlrs net profit vs loss mln revs mln vs mln note full name stewart and stevenson services inc reuter" }, { "label": 2, "text": "westamerica bancorp wab st qtr net shr cts vs cts net vs loans mln vs mln deposits billion vs mln assets billion vs billion reuter" }, { "label": 2, "text": "southeast bancorp stb acts on brazilian debt following the lead of other major banks southeast banking corp told the securities and exchange commission it would place mln dlrs of medium and long term brazilian debt on non accrual or cash status based on current interest rates it estimated in a filing that the move will reduce net income by about dlrs in the first quarter and mln dlrs for all of the company also said it did not believe the brazilian debt situation would have a material adverse effect on it it also said it would issue common shares in connection with its acquisition of popular bancshares corp reuter" }, { "label": 2, "text": "williams wmb sees flat pipeline volumes in williams cos said it expected oil and fertilizer transportation volumes to be flat in but said operating profits from the pipeline unit should improve from mln dlrs earned last year when a seven mln dlr special charge was incurred williams pipeline co took the charge against earnings in for the removal of more than miles of old pipeline from service and for casualty losses companywide williams had a net loss of mln dlrs on total revenues of billion dlrs a decline from profits of mln dlrs on sales of billion in in its annual report williams said its northwest pipeline corp and williams natural gas co had natural gas costs that are among the lowest in the nation averaging dlrs and dlrs per mcf respectively last year total natural gas reserves for both units declined to billion cubic feet in from billion cubic feet the previous year the company said its williams natural gas unit which has less take or pay exposure than most major pipelines should show improvement in its operating results because of changes tariff and federal tax rates the company s gas marketing business is expected to have somewhat lower earnings in because of competition in its operating region the annual report said the gas marketing unit earned mln dlrs on sales of mln dlrs last year williams also said it expected a substantial decline in its debt to equity ratio this year because of more than mln dlrs received in cash from the sale of agrico chemical co and proceeds from the sale and leaseback of williams telecommunications co the telecommunications business a mile fiber optic system for long distance use will not be profitable until late williams said reuter" }, { "label": 2, "text": "super valu stores inc svu th qtr feb net shr cts vs cts net vs sales billion vs billion avg shrs vs year shr dlrs vs dlrs net vs sales billion vs billion avg shrs vs note period ended february earnings include net loss of unconsolidated subsidiary of dlrs in the quarter and dlrs for the year reuter" }, { "label": 2, "text": "parker drilling co pkd nd qtr feb loss shr loss cts vs loss cts net loss vs loss revs mln vs mln six mths shr loss dlrs vs loss dlrs net loss vs loss revs mln vs mln reuter" }, { "label": 0, "text": "hbo hboc urges shareholders against andover hbo and co said it sent a letter of strongly urging shareholders not to sign any proxy cards sent by andover group on march andover group a two man general partnership which owns about seven pct of hbo s stock filed preliminary proxy materials with the securities and exchange commission seeking to nominate an alternative slate of directors at the company s april annual meeting andover had expressed an interest to acquire the company in september but hbo has never received an offer from them it said in addition hbo said its financial condition is improving rapidly as the result of a significant restructuring implemented in it expects the company to report net income of about cts per share in and a very significant increase in for the year ended december the company reported a loss of mln dlrs or cts per share reuter" }, { "label": 2, "text": "cfcf inc six mths feb net shr cts vs cts net vs revs mln vs mln reuter" }, { "label": 0, "text": "uap makes acquisitions uap inc said it has acquired slater auto electric ltd with two ontario stores and united diesel engine parts ltd of dartmouth nova scotia for undisclosed terms it said the transactions together with acquisitions earlier this year will increase its annual sales by about mln dlrs reuter" }, { "label": 2, "text": "hawkeye hwkb annual report qualified hawkeye bancorp s annual financial results were qualified by its auditors according to the annual report there are conditions which may indicate that the company will be unable to continue as a going concern auditors deloitte haskins and sells said in hawkeye s annual report to shareholders hawkeye reported a loss of almost mln dlrs citing an increase in its loan loss provision to mln dlrs and restructuring costs of mln dlrs however hawkeye with assets of billion dlrs at year end said it expects to have sufficient cash to meet its obligations for the next month period last july the bank holding company reached a debt restructuring agreement which identifed bank subsidiaries and five non bank operations for disposition the restructuring has improved hawkeye s financial condition but it does not assure that hawkeye will be able to survive as a going concern the report said hawkeye s survival will depend on its ability to comply with provisions of the debt restructuring and regulatory agreements and on its ability to return to profitable operations it said there can be no assurance that hawkeye will be able to meet these requirements however the company believes it will be able to do so hawkeye said reuter" }, { "label": 2, "text": "washington bancorporation st qtr net shr cts vs cts net vs mln assets billion vs billion deposits billion vs billion loans billion vs mln note year ago results restated to reflect merger with colson inc reuter" }, { "label": 0, "text": "dome dmp plan may force sale of encor stake dome petroleum ltd s proposal to restructure debt of more than billion canadian dlrs includes provisions that may force the company to sell its pct stake in encor energy corp inc dome said in a u s securities and exchange commission filing dome said in the filing that its debt plan proposes making payments under a five year income debenture to the lender whose debt is secured by dome s encor shares after the five years are up under certain circumstances the shares of encor may be required to be disposed the company said dome has pledged its mln encor shares as security for part of its debt to canadian imperial bank of commerce estimated last year at mln dlrs analysts have said commerce bank was pressing dome to sell the stock to pay down its debt dome s encor shares had a market value of mln dlrs on march the company s filing said as previously reported dome is seeking approval in principle for the debt restructuring plan dome said in the filing it proposed lenders sign a letter of understanding in early april with implementation to be effective july dome petroleum reiterated in the sec filing that its existence as a going concern is dependent on continuing the interim debt plan due to expire on june and winning agreement for its proposed restructuring plan the company believes that the negotiation and implementation of the proposed debt restructuring plan is realistic and achievable dome said however the final outcome of the negotiations cannot be predicted at this time it said reuter" }, { "label": 7, "text": "deficit cuts seen unable to cure trade deficit financial analysts say they are pleased with congressional moves to trim next year s federal budget deficit but believe the actions will do little to help improve the u s trade deficit or buoy the economy the house of representatives is expected to vote tomorrow to approve a trillion dollar budget blueprint for the coming fiscal year that reduces the deficit by billion dlrs similarly the senate budget committee has approved a plan that would cut federal red ink by about billion dlrs next year in terms of the economy billion dlrs is infinitesimal so cuts of this magnitude will have little impact on the economy and the trade deficit said stanley collander a touche ross federal budget policy analyst at best it will have a small positive effect collander said in an interview federal reserve board chairman paul volcker has repeatedly told congress that cutting federal red ink would go a long way to help reduce the massive trade deficit and also help ease some of the downward pressure on the value of the dollar the u s government has attempted to remedy the trade imbalance by driving down the value of the dollar but volcker has warned that a further fall in the dollar s value is fraught with danger such a decline he has said could refuel inflation as imported goods become more expensive and chase away foreign capital needed to finance the federal budget deficit in addition in february u s officials meeting with other major industrialized nations in paris agreed that the value of the dollar had dropped enough and that world exchange rates should be stabilized at around current levels as part of that agreement japan and west germany agreed to take steps to stimulate their economies and the united states agreed to cut its budget deficit the alternative to driving down the dollar any further as a way to deal with the trade deficit volcker said recently is to reduce u s consumption particularly federal spending if you don t deal with the budget deficit everything else you do is going to be counterproductive volcker said in recent testimony before the senate banking committee volcker also said he would prefer to further tighten the government s purse strings than have the fed tighten the credit supply if action was needed to fight inflationary pressures or to assure the continued flow of foreign capital into the united states analysts say that fed tightening now could choke off the current modest economic expansion and threaten a recession kemper financial services economist john silvia stressed that any deficit reduction was better than none but he said the size of the cuts under consideration were not enough to give the federal reserve board the flexibility it needs to steer the economy or to keep the value of the dollar from plunging further in world exchange markets there s no doubt that some deficit reduction helps but if your objective is to stabilize the dollar and perserve the fed s flexibility to conduct monetary policy then the answer is it s not enough silvia told reuters the u s trade deficit has become one of the government s most vexing and persistent problems the deficit was billion dlrs and there is as yet little indication that this year s figure will be any lower though administration officials have predicted it will drop by about to billion dlrs by year s end in the past volcker has joked that he never lost sleep worrying whether congress would cut too much fat from the federal budget on the other hand he also has made it clear he is not attached to the gradually declining deficit ceilings set for the period by last year s gramm rudman balanced budget law while the new law set a ceiling of billion dlrs for next year s federal deficit both the house and senate budget committees have conceded that their budget plans would fall short of the deficit reduction goal by about billion dlrs for political reasons to billion dlrs is about the most you re going to get out of congress at the present time said touche ross s collander to do something more than that would be extraordinary remarkable and very very difficult collander said the real danger for congress was to end up short of the deficit reduction goal set by its budget panels to an extent this has become the minimum acceptable reduction level he explained anything less than that will now look like a failure to wall street the budget plan now under debate on the house floor would lower an estimated billion dlr deficit for the year beginning on october one to about billion dlrs by cutting defense and domestic programs by billion dlrs from their anticipated spending levels for next year the senate budget committee has called for a deficit of nearly billion dlrs with about billion dlrs in new taxes and about the same amount in spending cuts reuter" }, { "label": 2, "text": "stewart and stevenson services ssss th qtr th qtr ended jan shr profit cts vs profit cts net profit vs revs mln vs mln year shr profit nil vs loss dlrs net profit vs loss mln revs mln vs mln reuter" }, { "label": 2, "text": "westamerica bancorporation wsam st qtr net shr cts vs cts net vs assets billion vs billion deposits billion vs mln loans mln vs mln return on avg assets pct vs pct reuter" }, { "label": 2, "text": "gateway bancorp inc gban st qtr net shr cts vs cts net vs deposits mln vs mln note per share amounts adjusted to reflect for one stock split effective sept reuter" }, { "label": 0, "text": "more american brands amb acquisitions seen american brands inc s mln dlrs acquisition of national distillers and chemical corp s liquor business is expected to be one of a series of acquisitions by the tobacco company analysts said they were very frustrated with their inability to get chesebrough they said they were looking for an acquisition it doesn t surprise me that they came up with another one said allan kaplan of merrill lynch and co american brands failed late last year in its billion dlrs bid for chesebrough ponds inc when unilever n v agreed to buy the company but since then wall street has been speculating that american brands would find another candidate to help reduce its earnings exposure to tobacco this is just typical said george thompson of prudential bache securities there s going to be more to come here american brands had to make an acquisition because tobacco is still a significant part of earnings their position is a little less favorable than philip morris and rj reynolds he said cash flow from its low growth tobacco but the tobacco business does require great amounts of capital expenditures it can therefore use its funds to make acquisitions analysts said the national distillers spirits company which makes gilbey s gin and vodka old grandad and old crow whiskey is not quite the type of acquisition they envisioned the distilled spirits business has been in a steady gradual decline for sometime as has the tobacco business said thompson reuter" }, { "label": 0, "text": "csr says it is retaining non delhi gas oil stakes csr ltd csra s said its sale of delhi petroleum pty ltd will not affect the other oil and gas interests it manages or operates csr sold delhi which holds an average pct in the santos ltd stos s led cooper eromanga basin onshore gas and liquids joint ventures to an exxon corp xon unit for mln dlrs on april in a statement to clarify the position csr said it will retain its roma gas unit the associated roma brisbane gas pipeline and the bula oilfield on seram indonesia plus exploration interests in queensland and hainan island china reuter" }, { "label": 2, "text": "rio tinto zinc corp plc pretax profit mln stg vs mln" }, { "label": 2, "text": "rio tinto zinc net attributable profit lower year to december shr p vs p div p making p vs p pretax profit mln stg vs mln net attributable profit mln stg vs mln turnover billion stg vs billion note accounts have been restated full name of company is rio tinto zinc corp plc rtzl l group operating profit mln stg vs mln operating costs billion stg billion share of profit less losses of related companies mln stg vs mln interest receivable other income mln stg vs mln interest payable mln stg vs mln tax mln stg vs mln leaving mln stg vs mln rtz investment in australian associate cra has been equity accounted for and figures restated on the same basis after the reduction of rtz s interest to pct in october reuter" }, { "label": 2, "text": "burmah oil pre tax profit mln stg vs mln" }, { "label": 4, "text": "german bankers remarks revive talk of rate cut remarks by two leading central bankers sparked renewed speculation in financial markets that a cut in the west german three pct discount rate may be under discussion currency dealers said bundesbank board member claus koehler said in a speech that monetary growth resulting from speculative capital inflows required cuts in interest rates separately west berlin state central bank president dieter hiss told journalists that the discount rate could fall below its lowest ever point of pct he made clear that he was not making a forecast on interest rates however currency dealers here and in the far east said the dollar gained slight background support from the speculation but german dealers noted that the bundesbank kept the pct rate unchanged at which it offered liquidity to the money market this week dashing some expectations that it may either offer lower fixed rate money or offer a reduced minimum rate and let the strength of banks demands set the allocation rate it allocated billion marks in new liquidity much less than the billion leaving the market as a prior pact expired this further weakened sentiment the bundesbank could move to a more accommodative monetary stance dealers said koehler said in a speech in surrey england speculative capital inflows may cause monetary growth regardless of whether central banks intervened or exchange rates fell in other words the monetary policy measures required are different from and sometimes diametrically opposed to those needed when the money stock is increasing as a result of mounting economic activity though koehler was known to be the most liberal of the generally monetarist bundesbank board his comments marked the first time cuts in rates had been concretely suggested as a counterpoint to overly strong monetary growth dealers said reuter m" }, { "label": 7, "text": "soviet trade deficit with west soars in the soviet trade deficit with the west almost quadrupled last year reaching billion roubles compared with mln in official figures showed statistics published by the monthly journal foreign trade showed soviet trade turnover for fell to billion roubles from billion the previous year a drop of pct moscow s trade surplus with east bloc countries continued to grow in western analysts attributed the deficit rise with the west to the world oil price slump which hit moscow s main export and cut hard currency earnings needed for purchases in the west reuter" }, { "label": 2, "text": "burmah oil profit climbs to mln stg year shr p vs p final div p making p vs p pre tax profit mln stg vs mln net profit before minorities mln vs mln turnover net of duties billion stg vs billion minorities stg vs same extraordinary debit mln vs mln note company s full name is the burmah oil co plc burm l reuter m" }, { "label": 2, "text": "rtz sees rising u s output aiding results rio tinto zinc corp plc rtzl l rtz said the predicted rise in industrial production in the u s and europe should boost its performance consumption of some base metals and their dlr prices are showing signs of improvement although iron ore markets have weakened the oil price in u s dlrs is above the average and if sustained should improve energy earnings the company was commenting in a statement on its results which on a restated basis showed net attributable profits lower at mln stg after mln the previous year pretax profits also dipped to mln stg after mln rtz said the excellent performance of its expanding range of industrial businesses in was offset by the collapse in oil prices industrial businesses contributed mln stg to net profit a pct increase from mln in and pct of the total trading performance improved at wholly owned subsidiaries rtz borax ltd rtz cement ltd rtz chemicals ltd and rtz pillar ltd first time contributions from recent investment and acquisitions mainly in speciality chemicals and minerals also aided performance metals activities contributed mln stg to net profit" }, { "label": 2, "text": "bridgestone corp brit t year to december group shr yen vs net billion vs billion current billion vs billion operating billion vs billion sales billion vs billion note company forecast for current year is group shr yen net billion current billion and sales billion reuter" }, { "label": 2, "text": "burmah oil prospects remain favourable the current year has opened well with trading prospects remaining favourable burmah oil co plc burm l said in a statement with its results the company plans to maintain a steady rate of investment in its marketing operations and to obtain improved profit margins on its liquified natural gas lng project burmah has the financial capacity to continue making acquisitions within its business sectors it added the rationalisation programme including sale of the bahamas oil terminal and all peripheral activities is now complete pre tax profit for rose to mln stg from mln reuter m" }, { "label": 2, "text": "gebrueder sulzer profit up almost pct year consolidated net profit mln swiss francs vs mln dividend francs per registered share vs francs and francs per participation certificate vs eight consolidated turnover billion francs vs billion parent company net profit mln francs vs mln parent company turnover billion francs vs billion note company s full name is gebrueder sulzer ag sulz z reuter" }, { "label": 0, "text": "pergamon holdings reduces bpcc and hollis stakes pergamon holdings ltd and its associate companies said that they had sold mln ordinary shares in the british printing and communication corp plc bpcl l and mln in hollis plc together with other securities no total price was given but the company said the proceeds of the sales would be used to fund pergamon s expansion programme and worldwide acquisition stategy the company said that following these sales pergamon s ordinary shareholdings in both bpcc and hollis remained above pct it said it had no intention of further reducing its holdings in either company reuter" }, { "label": 2, "text": "nationale nederlanden profits sales steady year net profit mln guilders vs mln revenues billion guilders vs billion net profit per nominal guilder share guilders vs corrected for capital increase uncorrected figure dividend guilders vs corrected uncorrected note full name is nationale nederlanden nv ntnn as reuter" }, { "label": 4, "text": "saudi rates rise as bahrain banks caught short saudi riyal interest rates rose as bahrain based banks scrambled to cover short positions dealers said several bahrain banks had been lending in the fixed periods and borrowing in the short dates but today they found the day to day money in short supply dealers said everybody s stuck in the spot next one trader said spot next rose to as high as six pct from five pct yesterday and the borrowing interest spilled over into the periods with one month rising to around pct from pct yesterday three months edged up to around pct from pct while six months was quoted a touch firmer by some banks at seven pct commercial banks quoted the spot riyal at to the dollar after yesterday reuter" }, { "label": 2, "text": "philippine telephone firm plans stock split the philippine long distance telephone co pldt mn is planning a two for one stock split and a pct stock dividend later this year to reduce excess market buoyancy vice president sennen lazo told reuters lazo said the stock split would reduce the par value of the company s common stock from to five pesos he said the stock split would apply to holders of about mln common shares of stock on the record date of september the exercise should make our stock more marketable lazo said now it is beyond the reach of many small investors pldt common stock surged from a low of pesos in february to at close of trading yesterday on the manila stock exchange lazo said the pct stock dividend payable on october would also apply to stockholders on record as of september pldt reported net income of billion pesos up pct from mln pesos in on operating revenues of six billion pesos up from billion pesos in at end december the company had stockholders a pldt spokesman said the company s profits are likely to be substantial since the government raised its franchise tax to three pct from two and to impose a pct corporate income tax from which it was previously exempt the government has not so far ordered the implementation of the tax decision pldt is the largest of telephone companies in the philippines on december the company had telephones in operation representing pct of all instruments in the country in manila item philippine telephone firm plans stock split please read in page first para the company s profits are likely to be substantially cut inserting dropped word this replaces the company s profits are likely to be substantial" }, { "label": 2, "text": "ccf reports pct profit boost share split seen credit commercial de france ccfp pa reported a parent company net profit up pct to mln francs from mln francs a few weeks before its denationalisation around the end of this month official sources said the bank france s sixth largest in terms of its deposits and seventh in terms of its assets planned a share split to increase the number of shares on offer ahead of the sale of pct of its ordinary share capital to the public of pct to staff and pct abroad previously one of france s biggest private banks it was nationalised by the socialists in the sources said it was too early to give details of the planned split or of the share price but cited april as a likely date for the flotation launch so far pct of the group s capital currently at mln shares of francs nominal has been offered for sale to large private investors to constitute a solid core of eight to ten shareholders before the flotation the private tender offer closes on april while a mln franc advertising campaign for the flotation begins on sunday the privatisation will be a way of attracting extra clients ccf deputy director general rene de la serre told reuters market sources put the total value of ccf s privatisation at between four and five billion francs de la serre said the bank was likely to attract at least the same number of investors as sogenal another recently privatised bank in which people bought shares the government s sweeping privatisation programme has also included the sale of saint gobain sgep pa and cie financiere de paribas pari pa the sale of banque du batiment et des travaux publics and banque industrielle et mobiliere privee should be completed this month while third largest french bank societe generale sgen pa will be privatised later this year reuter" }, { "label": 0, "text": "lex service buys sears motor group lex service plc lexl l said it had acquired sears motor group ltd the retail motor distribution arm of sears plc sehl l and an mln stg loan note payable by sears motor for mln stg the purchase will be through mln stg in cash and the issue to sears plc of mln new lex ordinary shares the company said in a statement that immediately following the acquisition of the motor group its car and commercial vehicle contract hire fleet of some vehicles was sold to lex vehicle leasing ltd for mln stg in cash a sum equal to the net book value of the vehicles transferred lex vehicle is owned equally by lex services and lombard north central plc lex said the shares involved in the transaction were today being placed for sears plc with institutions at p these shares will not qualify for the final lex dividend on april lex said in a statement that its acquisition of sears motor group represents a major development for its automotive activities the enlarged retailing operations of the lex automotive group now have a turnover of mln stg lex s existing automotive interests include volvo concessionaires the sole importer of volvo cars and parts into the u k lex said the turnover for sears motor group in the year to december was mln stg and that at the date of the acquisition the group had about mln stg in external borrowings lex shares fell on the announcement to trade around p from a p close yesterday reuter" }, { "label": 0, "text": "mepc extends offer for oldham mepc plc mepc l said that its offer for oldham estates ltd would remain open until further notice on february mepc made an agreed bid for oldham based on a formula reflecting its asset value at september a year earlier oldham s net asset value was put at mln stg as of april the valuation used under the formula had still to be agreed so oldham had yet to give a firm recommendation to its shareholders regarding the value of the the offer reuter" }, { "label": 2, "text": "george wimpey profits up pct to mln stg year to december shr p vs p div p vs p making p vs p pretax profit mln stg vs mln tax mln stg vs mln net profit mln stg vs mln turnover billion stg vs billion note full name of company is george wimpey plc wmpy l operating profit before exceptional items mln stg vs mln exceptional debits mln stg vs mln operating profit mln stg vs mln share of profits less losses of associated companies mln stg vs mln loss interest net payable mln stg vs mln attributable minority profits debits mln stg vs mln extraordinary items debit mln stg vs mln credit net borrowings mln stg vs mln reuter" }, { "label": 7, "text": "canada february trade surplus billion dlrs after january mln dlrs surplus" }, { "label": 2, "text": "aegon net profit rises pct net profit mln guilders vs total revenue billion guilders vs billion net profit per five guilder nominal share guilder vs corrected for capital increase final dividend guilders and pct stock vs guilders and pct in stock interim dividend already paid was guilders note full name of company is aegon nv aegn as reuter" }, { "label": 7, "text": "canada february trade surplus billion dlrs canada had a trade surplus of billion dlrs in february compared with an upward revised mln dlrs surplus in january statistics canada said the january surplus originally was reported at mln dlrs the february surplus last year was mln dlrs february exports seasonally adjusted were billion dlrs against billion in january and billion in february february imports were billion dlrs against billion in january and billion in february reuter" }, { "label": 2, "text": "natned forecasts results in line with the netherlands largest insurer nationale nederlanden nv nttn as natned said it expected at least unchanged results in after reporting net profits up pct to mln guilders from mln in revenues increased by pct to billion guilders after billion the previous year and the dividend was raised to guilders per share from guilders in corrected on a capital increase the company said guilder revenue and profit were pressured by falls in exchange rates particularly in the us and australian dollar and sterling without these currency fluctuations net profit would have been mln guilders higher and revenue billion higher natned said the international share in turnover was pct in compared with pct in the company s life insurance result fell to mln guilders after mln in due to currency influences tighter interest margins and increased investment claim payouts fell to mln guilders after mln the previous year the company s total assets reached billion guilders in against billion the year before assets per share equalled guilders against without these currency fluctuations net profit would have been mln guilders higher and revenue billion higher natned said the international share in turnover was pct in compared with pct in the company s life insurance result fell to mln guilders aft interrupted" }, { "label": 7, "text": "ec launches anti dumping probe on japanese chips the european community launched an investigation into allegations of dumping by japanese semiconductor makers in a move which diplomats said could mark an intensification of world trade strains tokyo already faces a deadline of april from washington for the imposition of mln dlrs worth of tariffs on chips it imports into the u s the ec executive commission said today the european electrical component manufacturers association complained that japanese firms were selling high capacity eprom type erasable programmable read only memory chips at unfairly low prices japan last year took pct of the mln dlr ec eprom market up from pct in the ec firms said they had been forced to offer their products at a discount of up to pct in order to compete with the japanese the commission said it believed the association had given sufficient elements of proof for dumping to warrant an investigation which could lead it to impose duties if it found the complaints were justified the commission claims last year s accord between the u s and japan on microchip pricing gives u s firms privileged access to the japanese market reuter" }, { "label": 5, "text": "swiss to launch new series of money market paper the swiss federal government will launch a new series of three month money market certificates totalling around mln swiss francs the national bank said subscriptions close april and payment date is april the last series of three month paper issued in march raised mln francs at an issue price of pct giving an average annual yield of pct reuter" }, { "label": 5, "text": "finance ministers agree on need for stability finance ministers from seven major industrialized nations agreed on the need to stabilize currencies at current levels but said more action was needed to reduce trade imbalances and sustain economic growth in a communique issued after a four hour meeting at the u s treasury that ended last night the ministers said the value of the dollar and other currencies was basically correct now and they welcomed new measures planned by the japanese to boost their economy west german finance minister gerhard stoltenberg called it a good meeting and in brief remarks exchanged with reporters other ministers seemed pleased with its outcome shortly after the communique was issued and just as foreign exchange trading opened in tokyo the bank of japan intervened again to prevent the yen rising too quickly the communique said the ministers and governors reaffirmed the commitment to the cooperative approach agreed at the recent paris meeting they agreed however that further actions will be essential to resist rising protectionist pressures sustain global economic expansion and reduce trade imbalances it welcomed the plans set this week by the japan s ruling liberal democratic party to stimulate its economy with what the communique termed extraordinary and urgent measures including an unprecedented front end loading of public works expenditures the meeting of the so called group of seven brought together ministers and central bank governors of the seven major industrial democracies the united states japan west germany france britain italy and canada the communique said the ministers reaffirmed the commitment on cooperation reached in a meeting on february in paris when they had agreed to stabilize foreign exchange rates at the then current levels in the weeks that followed the dollar continued to fall against the japanese yen despite massive dollar purchases by the bank of japan and other central banks and is now trading at around postwar lows japan has come under growing criticism from both the united states and european countries for its only modest efforts to open its markets to outside competition and to reduce its exports the communique said japan affirmed its intention to open domestic markets to foreign goods and services but did not elaborate it said the officials reaffirmed the view that around current levels their currencies are within ranges broadly consistent with economic fundamentals and the basic policy intentions outlined at the louvre meeting reuter" }, { "label": 2, "text": "aegon expects moderate rise in profits dutch insurer aegon nv aegn as reported a pct increase in net profits to mln guilders and said it expected a moderate increase in profits for total revenue was eight pct lower in at billion guilders vs billion guilders in the company said its revenues were down due to lower foreign exchange rates and a change in accounting practice it added that revenues would have risen by about seven pct had those changes not occurred revenue from dutch operations rose five pct in mainly due to its life insurance business health insurance revenues in the netherlands also rose despite a notable shift to insurances with lower premiums and higher personal risks damage insurances made losses mainly due to car damage insurances aegon did not specify the loss in the united states revenue in guilders from health and life insurance was lower aegon said this was due to a change in accounting for u s annuities aegon said annuities are subject to such strong personal investment influences that it should be accounted differently from the more traditional insurances this change in accounting practice and another change to account for profits made on fixed interest investments resulted in an incidental rise in net profits of mln guilders aegon said incidental negative influences on net profits were slightly higher being the lower dollar rate high initial costs for new products and the cost of new headquarters in the hague in a large number of new insurance products emerged in the netherlands and the u s aegon said large initial costs for these products have depressed net profits somewhat monumental corp a u s insurer which merged with aegon in may saw its profits almost completely eroded by these costs and made only a small contribution to the group s profits aegon said it has written off mln guilders in goodwill for monumental corp aegon s net equity was billion guilders in december against billion the year before reuter" }, { "label": 5, "text": "g wants to show markets its resolve miyazawa japanese finance minister kiichi miyazawa said the group of seven g countries reaffirmed their paris accord on stabilising currencies to convince the market of their resolve at a news conference after today s g meeting miyazawa said the ministers and central bank governors did not believe a totally new statement was needed the speculative selling did not reflect economic fundamentals and since the fundamentals had not changed only a reaffirmation of the goals of the paris accord was needed he said he also noted that this test of the g nations resolve had concentrated on the yen while other currencies especially the mark had remained stable miyazawa said any change in economic conditions since the paris accord was not worth being called fundamental as i said at a time of louvre agreement the expression of current level is rather vague idea he said the yen s movement in the past several weeks is within the range agreed in paris in febraury he said it was better to give a vague expression than pin pointing a level which could have an adverse impact on the market miyazawa said asked why only japan was committed to fresh measures in the statement he said japan was exceptional among the seven because the yen appreciated against the dollar while other major currencies largely have been stable he also said japan s ruling liberal democratic party has justed adoped a package to reflate the economy while other nations are not supposed to produce new measures in a short period since the paris agreement miyazawa also said the u s sanctions against japanese semiconductor products was not discussed through the g meeting and did not affect the currency talks the seven nations discussed the debt problems of developing countries and ways to proceed in line with the debt initiative outlined by u s treasury secretary james baker months ago reuter" }, { "label": 2, "text": "unifirst corp unf sets quarterly qtly div five cts vs five cts prior pay july one record june reuter" }, { "label": 2, "text": "trump plaza th qtr net net profit vs loss revs mln vs mln year net profit mln vs profit revs mln vs mln note company became wholly owned and operated by donald trump in may when he acquired pct interest that had been owned by former operator holiday corp hia reuter" }, { "label": 0, "text": "step saver coda says warrant exercised step saver data systems inc said bergen richards corp has exercised a warrant to buy step saver shares at two dlrs each it said warrants issued to the underwriter in its initial public offering were exercised in march for an aggregate of dlrs reuter" }, { "label": 0, "text": "coast savings csa in talks on buying bank coast savings and loan association said it is in talks with the federal savings and loan insurance corp on the acquisition of central savings and loan association of san diego central which operates branches has been under management guidance of the fslic since may coast said the acquisition would give it an entry into the san joaquin valley market besides strengthening its presence in the san diego los angeles and orange counties areas reuter" }, { "label": 0, "text": "bramall to acquire gelco for up to mln dlrs c d bramall plc said in a statement accompanying its annual results that it proposed to acquire gelco u k for some mln dlrs part of the cost will be met by the issue of mln new ordinary bramall shares which are being placed at p each the acquisition will be satisfied by an initial payment of some mln dlrs in cash with further payments of dlrs up to a maximum mln dlrs these further payments will only be made if profits achieved by gelco for the year ending july reach a certain level bramall shares were trading p lower at p reuter" }, { "label": 2, "text": "cb and t bancshares inc cbtb st qtr net shr cts vs cts net vs avg shrs mln vs mln note results reflected pooled acquisition of first community bancshares inc on march and include camden bancorp from january purchase reuter" }, { "label": 2, "text": "xicor inc xico st qtr march net shr profit five cts vs loss cts net profit vs loss revs mln vs note net includes dlr tax credit reuter" }, { "label": 2, "text": "george wimpey says benefits of restructuring seen george wimpey plc wmpy l said the outlook for looked encouraging as the company realised the continuing benefits of restructuring it said its overall financial position showed further improvement in and the reshaping of its u k business into clearly defined and activity related divisions had been successfully achieved wimpey was commenting in a statement on its results which showed pretax profits up pct to mln stg the group had a good overall year in north america the company said in a statement reuter" }, { "label": 0, "text": "c o m b cmco makes acquisition c o m b co said it has acquired the principal assets of national tech industries inc and telkom corp which are engaged in the sale and telemarketing of consumer electronic merchandise and do business as house of imports and n l industries respectively the company said it paid a total of dlrs including the assumption of liabilities national tech had sales of about mln dlrs for it said reuter" }, { "label": 2, "text": "datatrak inc dtrk rd qtr feb net shr profit nil vs profit nil net profit vs profit sales vs nine mths shr loss one ct vs loss two cts net loss vs loss sales vs reuter" }, { "label": 6, "text": "todd shipyards tod struck on west coast todd shipyards corp said production workers represented by the multi union pacific coast metal trades district council at its san francisco division struck on april six it said negotiations are expected to resume at the end of this month todd also said the collective bargaining division in effect at its galveston division expires april and negotiations with the galveston metal trades council are continuing the company said results of balloting on a new collective bargaining agreement proposal in its seattle division are expected to be tabulated at the close of business tomorrow the pacific coast council has recommended acceptance of that proposal by membership todd said reuter" }, { "label": 0, "text": "clevite industries says j p industries offered dlrs a share to buy company" }, { "label": 2, "text": "suntrust banks inc sti st qtr net shr cts vs cts net mln vs mln note share adjusted for two for one split in july results restated for pooled acquisition of third national corp in december net chargeoffs mln dlrs vs mln dlrs assets billion dlrs up pct from a year earlier deposits billion up pct and loans billion dlrs up pct reuter" }, { "label": 2, "text": "international thomson to report in u s funds international thomson organisation ltd said it will report financial results in u s funds rather than sterling beginning from jan it said the change will not be applied retroactively to prior financial periods the company said as a result of recent investments most of its assets now are located in the united states reuter" }, { "label": 2, "text": "philip crosby associates inc pcro th qtr net shr three cts vs cts net vs revs mln vs year shr cts vs cts net vs revs mln vs mln reuter" }, { "label": 2, "text": "colonial american bankshares corp cabk st qtr shr cts vs cts qtly div cts vs cts prior net vs note share adjusted for pct stock dividend in november dividend pay may one record april reuter" }, { "label": 0, "text": "clevite clev gets dlr shr offer clevite industries inc said it received a written proposal from j p industries inc jpi seeking to buy all of its outstanding shares for dlrs a share clevite s stock was trading on nasdaq at j p industries recently completed the acquisition of clevite s engine parts division j p industries said its proposed transaction would be financed through borrowings under its available bank lines and a bridge financing facility which donaldson lufkin and jenrette securities corp agreed to arrange to expedite the transaction j p industries said it would be willing to start a cash tender for clevite s shares within five days after agreeing upon a definitive merger and confirmation of clevite s financial results and condition reuter" }, { "label": 5, "text": "u k money market deficit revised downward the bank of england said it has revised its estimate of today s shortfall to mln stg from mln before taking account of mln stg morning assistance reuter" }, { "label": 2, "text": "physio technology phyt sees loss in default physio technology inc said it expects to have a third quarter ended march loss of about dlrs and is in default on its bank loan because of the resignation of chairman and chief executive officer the company said the loss followed four quarters of modest profits in the year ago quarter it earned dlrs or one cent a share for the first half of fiscal it reported a profit of dlrs or two cts a share compared to a year earlier loss of dlrs or cts a share it said president michael r hall will assume the duties of chief executive officer physio technology said the resignation of chairman james c lane can constitute non compliance with its series a convertible subordinated debentures due and a default under its agreement with the merchants bank of kansas city it explained a declaration of non compliance under the debentures would create a a default under the loan agreements requiring immediate payment of mln dlrs of debentures and about dlrs outstanding under the bank credit line the company said the debenture holders intend to waive the non compliance but reserve the right to withdraw the waiver at the end of any day period physio technology said it is changing its field sales force to independent representatives and dealers from employees to significantly reduce its fixed overhead its statement did not indicate how many employees would be affected by the move the company said lane will become an independent dealter for the company in certain midwestern states he will continue to serve as a director it added reuter" }, { "label": 2, "text": "washington federal savings wfsl nd qtr net qtr ends march shr one dlr vs cts net mln vs six mths shr dlrs vs dlrs net mln vs mln note full name of bank is washington federal savings and loan association reuter" }, { "label": 2, "text": "ponce federal bank f s b pfbs st qtr net shr cts vs cts net vs avg shrs vs note net for both qtrs reflects gains on sales of securities of or pct of net in and or pct of net in reuter" }, { "label": 5, "text": "u k money market deficit removed the bank of england said it has satisfied its revised estimate of today s shortfall in the money market providing mln stg assistance in afternoon operations the bank bought in band one mln stg bank bills at pct and in band two mln stg bank bills and one mln stg treasury bills at pct this brings the total help so far today to mln stg compared with its deficit estimate of mln stg reuter" }, { "label": 5, "text": "lebanese pound falls sharply against dollar the lebanese pound fell sharply against the u s dollar again today with dealers attributing the decline to continued political uncertainty the pound closed at against the dollar compared to yesterday s close of political deadlock is reflected in the pound s position there was more demand and less on offer in the market one dealer told reuters the pound which was at to the dollar in january has lost more than pct of its international value over the past three months reuter" }, { "label": 2, "text": "brown boveri und cie ag lifts dividend dividend on business marks per share vs seven marks company is a subsidiary of switzerland s bbc ag brown boveri und cie bbcz z reuter" }, { "label": 2, "text": "whirlpool corp st qtr shr cts vs cts" }, { "label": 0, "text": "e f hutton lbo inc said tender offer by pc acquisittion for purolator courier expired" }, { "label": 0, "text": "e f hutton lbo inc says unit terminates merger agreement with purolator courier" }, { "label": 0, "text": "gemina has no comment on ambrosiano report holding company gemina spa said it had no comment on an italian press report today that it has acquired a pct stake in nuovo banco ambrosiano spa italian daily la repubblica said that gemina paid billion lire for the shareholding from several italian banks a gemina spokeswoman told reuters we have nothing to say about the report a spokeswoman for milan based ambrosiano said we have no information at this time in february ambrosiano chairman giovanni bazoli said foreign and domestic firms have expressed interest in buying stakes in the bank reuter" }, { "label": 2, "text": "volkswagen dividend unchanged on dividend on business unchanged at marks per ordinary share company also set dividend of marks for new preference shares which were issued last year note company has said profit will match level despite provisions of mln marks connected with alleged currency fraud group net profit in was mln marks parent company net was mln marks company s full name is volkswagen ag vowg f reuter" }, { "label": 2, "text": "whirlpool corp whr st qtr net shr cts vs cts net vs sales mln vs mln avg shrs vs reuter" }, { "label": 4, "text": "bank of france leaves intervention rate unchanged the bank of france said it left its intervention rate unchanged at pct when it injected funds in the market against first category paper in today s money market intervention tender money market dealers had earlier expressed mixed views on the possibility of quarter point cut the rate was last adjusted on march when it was cut to pct from the eight pct rate set in january reuter" }, { "label": 2, "text": "showboat sbo declares stock split showboat inc said its board declared a two for one stock split payable to shareholders of record on may reuter" }, { "label": 2, "text": "rexham corp rxh st qtr net shr cts vs cts net vs sales mln vs mln note net includes pretax gain dlrs from change in pension accounting results include production graphics corp and systems technology and weapons system test divisions of new technology inc acquired december reuter" }, { "label": 2, "text": "first eastern corp febc st qtr net shr cts vs cts net vs note share adjusted for two for one stock split in january reuter" }, { "label": 4, "text": "fhlbb changes short term discount note rates the federal home loan bank board adjusted the rates on its short term discount notes as follows maturity new rate old rate maturity days pct pct days days pct pct days days pct pct days days pct pct days days pct pct days reuter" }, { "label": 0, "text": "anchor financial afcx to make acquisition anchor financial corp said it has agreed to acquire waccamaw state bank of surfside beach s c in an exchange of anchor shares for each waccamaw share subject to regulatory and shareholder approvals waccamaw had assets of mln dlrs as of march reuter" }, { "label": 0, "text": "e f hutton efh unit s purolator offer expires e f hutton lbo inc said the tender offer by its wholly owned unit pc acquisition inc for purolator courier corp pcc expired at edt yesterday without the purchase of any purolator common stock hutton added that pc acquisition also terminated its merger agreement with purolator hutton said the offer which had been conditioned upon the tender of at least purolator shares or about two thirds of the outstanding shares was terminated because the minimum number of shares was not tendered purolator had entered into a definitive agreement with pc acquisition part owned by e f hutton lbo inc a unit of e f hutton and some officers of purolator s u s courier division in which pc offered to purchase purolator common stock shares for dlrs a share following that move pc acquisition planned to merge a subsidiary into purolator converting all outstanding purolator common it did not own into an aggregate mln dlrs principal amount of pct guaranteed debentures due and warrants to purchase pct of a purolator unit comprised of purolator s u s courier operations hutton said as of edt yesterday about shares of purolator common stock or about pct of the outstanding shares had been validly tendered and not withdrawn pc acquisition has instructed its depository for the offer to return promptly the purolator stock deposited by or on behalf of tendering shareholders hutton said reuter" }, { "label": 2, "text": "abbott laboratories st qtr net shr cts vs cts" }, { "label": 2, "text": "reichhold chemical rci sets anti takeover plan reichhold chemical inc said its board adopted a warrant dividend plan in which one preferred stock purchase right will be distributed as a dividend on each common share outstanding the company said its warrant dividend plan is designed to protect its shareholders against unsolicted coercive attempts to aquire control without making an adequate offer for all shares reichhold said the adoption is not a response to any specific takeover attempt reichhold said each right will entitle shareholders to buy one one hundreth of a share of a newly created series of preferred stock at an initial exercise price of dlrs with dividend and voting rights approximately equal to those of one share of the company s common stock the rights will be exercisable only if without reichhold s prior consent a person or group a acquires pct or more of the voting power or announces a tender offer which would result in pct ownership the company said reichhold said it is entitled to redeem the rights at five cts apiece before a pct position has been acquired or before an existing pct shareholder buys an additional two pct or more of the voting power of the company or in connection with certain transactions afterward the tax free distribution will become effective may and will expire years later the company said details of the plan are outlined in a letter to be mailed to stockholders reuter" }, { "label": 2, "text": "abbott laboratories inc abt st qtr net shr cts vs cts net mln vs mln sales billion vs mln reuter" }, { "label": 0, "text": "hanson han to buy int l protein pro stock international proteins corp said it has agreed to sell in a private placement common shares at dlrs a share to a u s subsidiary of hanson trust plc in addition david clarke the president of another hanson trust subsidiary hanson industries will be named chairman of international proteins s executive committee upon his election to the board at the annual meeting international proteins recently acquired clarke s family business great south beach sales co for restricted common shares of which have been issued to date international proteins said its agreement with hanson trust is subject to stockholder approval at the annual meeting which is expected to be held in june the company said hanson trust is purchasing the stock for investment purposes adding the agreement includes restrictions on purchase or sale of the company by hanson for the next five years international proteins said it will use the proceeds to expand domestic operations the company has about mln shares outstanding reuter" }, { "label": 0, "text": "exxon xon south african unit acquired by zenex zenex oil pty ltd said it acquired the interests of esso south africa the local subsidiary of exxon corp xon and will use up to mln rand in profits to finance educational and social programs the profit scheme will begin after zenex has paid exxon an undisclosed purchase price for esso zenex chairman john truscott said in a statement the acquisition follows the exxon withdrawal from south africa announced last december reuter" }, { "label": 4, "text": "sallie mae adjusts short term discount note rates the student loan marketing association said its rates on short term discount notes were as follows maturity new rate old rate maturity days pct pct days days pct pct days pct days pct days pct days pct days reuter" }, { "label": 4, "text": "freddie mac adjusts short term discount rates the federal home loan mortgage corp adjusted the rates on its short term discount notes as follows maturity rate old rate maturity days pct pct days reuter" }, { "label": 3, "text": "argentine grain belt weather report argentine grain belt temperatures centigrade and rain mm in the hours to gmt were max temp min temp rainfall buenos aires bahia blanca tres arroyos tandil junin santa rosa cordoba santa fe reuter" }, { "label": 2, "text": "vw says mln marks maximum for currency losses losses for volkswagen ag vowg f vw linked to an alleged foreign currency fraud will not exceed the mln marks provision already made a vw spokesman said the spokesman was commenting after vw had confirmed it would pay an unchanged mark dividend for ordinary shares on business despite the provision one west german newspaper today quoted foreign currency dealers in frankfurt as speculating that the total losses from the currency affair could be as high as billion marks but the vw spokesman described mln marks as an upper limit vw said in a statement following today s supervisory board meeting that it had discussed the foreign currency scandal in detail and was setting up a new probe into its foreign currency activities to be carried out by an unnamed auditing company vw has said computer programs were erased and documents were faked in the alleged fraud in which it believes transactions intended to protect it against possible foreign currency losses were not completed vw s former foreign currency chief burkhard junger was arrested on monday on suspicion of embezzlement and of having evaded justice earlier vw had said that its results would match profits vw s group net profit in was mln marks and parent company net was mln marks it also said it recommend an unchanged dividend to the supervisory board the company has also set a dividend of marks for new preference shares which were issued last year analysts have described the held dividend as a move to reassure worried shareholders vw increased nominal capital by marks last year to billion marks with the result that its total dividend payment on will be mln marks compared with mln on since the new capital was in preference shares the share analysts say vw will have to dig into reserves in order to maintain the disclosed profit at levels at the end of vw had parent company reserves of slightly less than three billion marks reuter" }, { "label": 2, "text": "federated department stores march sales up pct" }, { "label": 2, "text": "alex brown absb sets split to offer shares alex brown inc said it has declared a three for two stock split payable may record may the company also said it has filed to offer common shares including to be sold by a shareholder with company proceeds to be used for working capital and general corporate purposes its alex brown and sons inc subsidiary is lead underwriter the offering is expected to be made before the record date of the split the company said reuter" }, { "label": 2, "text": "highland superstores inc high th qtr net period ended jan shr cts vs cts net vs revs mln vs mln year shr dlrs vs dlrs net vs revs mln vs mln avg shrs vs reuter" }, { "label": 0, "text": "lvi group lvi to make acquisition lvi group inc said it has agreed in principle to purchase all outstanding shares of spectrum holding corp for a proposed mln dlrs in cash lvi said an additional mln dlrs in common stock and seven mln dlrs in notes will become payable if spectrum has certain minimum future earnings lvi an interior construction firm said the acquisition is subject to execution of a definitive agreement and completion of due diligence lvi and spectrum an asbestos abatement concern expect to close the deal in june lvi said reuter" }, { "label": 2, "text": "texas american tae omits preferred payout texas american energy corp said its board has decided to again omit the quarterly dividend on its dlr cumulative convertible exchangeable preferred stock the dividend would have been payable may one the company last paid cts a share on the issue in august reuter" }, { "label": 2, "text": "vornado inc vno th qtr jan net shr dlrs vs dlrs net vs revs mln vs mln avg shrs mln vs mln year shr dlrs vs dlrs net mln vs mln revs mln vs mln avg shrs mln vs mln reuter" }, { "label": 0, "text": "brenda mines selling kerr addison shares brenda mines ltd said it sold kerr addison mines ltd shares to a group of underwriters led by wood gundy inc and brown baldwin nisker ltd for redistribution financial terms were undisclosed reuter" }, { "label": 0, "text": "phoenix financial phfc buys data access stake data access systems inc said chairman david cohen has sold common shares to phoenix financial corp for undisclosed terms and resigned as chairman and chief executive officer the company said phoenix financial now has a pct interest in data access and effective control data access said phoenix chairman martin s ackerman has been named chairman of data access as well and two other phoenix representatives have been named to the data access board it said four directors other than cohen have resigned from the board reuter" }, { "label": 2, "text": "health and rehabilitation hrp initial payout health and rehabilitation properties trust said it declared an intitial dividend of cts per share for the period ending march the dividend will be payed may to shareholders of record on april the company said the company said it organized in late and closed its intitial public offering of shares dec the initital dividend includes five cts attributable to the period between dec and and cts attributable to the first qtr of ending march reuter" }, { "label": 2, "text": "t rowe price trow sees higher first quarter t rowe price associates said its first quarter earnings rose about pct from the year ago dlrs and revenues about pct from the year ago mln dlrs it said it expects very good earnings and revenue growth this year in it earned mln dlrs on revenues of mln dlrs reuter" }, { "label": 0, "text": "general partners cuts stake in gencorp gy general partners told the securities and exchange commission it has reduced its stake in gencorp inc to pct from pct by selling shares at a price equal to dlrs per share general partners which includes gc holdings inc and general acquisitions inc said yesterday it was dropping its dlr a share hostile takeover bid for gencorp because of gencorp s move to buy back its shares for up to dlrs each reuter" }, { "label": 2, "text": "heritage financial services hers st qtr net shr cts vs cts net vs avg shrs vs note company had its initial public offering of shares in october reuter" }, { "label": 2, "text": "national computer nlcs sees earnings growth national computer systems inc expects fiscal year earnings to improve by about pct the company told analysts although it said the april first quarter should show down earnings and virtually flat revenues chairman charles oswald said national computer has taken steps to improve margins he said revenues are expected to increase modestly because of the company s decision to downsize its leasing business nonrecurring revenueslast year from a one time texas teacher assessment project and the impact of the discontinuance of products last year oswald said national computer s first quarter results will be down as a result of a major financial systems sales last year a higher effective tax rate and the increased number of shares outstanding the company said the next three consecutive quarters should demonstrate excellent earnings growth reuter" }, { "label": 4, "text": "u k chancellor lawson says there may be need to cut interest rates in some countries" }, { "label": 0, "text": "rexham rxh repurchases stake from nortek ntk rexham corp said it has repurchased of its shares or pct from nortek inc for dlrs each and nortek has withdrawn its proposal to acquire rexham for dlrs per share rexham said nortek has also agreed not to buy rexham shares or take other actions under a year standstill agreement the rexham board had rejected the nortek bid as inadequate the company also said its board has authorized the repurchase in the open market or privately from time to time of up to an additional five pct of its own shares and the establishment of an employee stock ownership plan the plan is expected to purchase from rexham a new convertible preferred stock with pct of rexham s voting power with proceeds of a pension plan overfunding and borrowings reuter" }, { "label": 4, "text": "fhlbb changes short term discount note rates the federal home loan bank board adjusted the rates on its short term discount notes as follows maturity new rate old rate maturity days pct pct days days pct pct days days pct pct days days pct pct days days pct pct days reuter" }, { "label": 2, "text": "strathfield oil and gas ltd year net shr cts vs cts net vs revs vs reuter" }, { "label": 0, "text": "diamond crystal dslt might sell salt unit diamond crystal salt co said it might sell its salt division the company said it retained first boston corp to assist it with the possible sale of the division assuming a fair price and reasonable terms can be obtained diamond crystal said sale of the unit was in the best long term interests of its shareholders the company also said it incorporated its packet products division as of april one the unit will be an indirect wholly owned subsidiary called diamond crystal specialty foods inc current management of the division will remain reuter" }, { "label": 4, "text": "lawson says some countries could cut rates nigel lawson britain s chancellor of the exchequer said some countries may need to cut interest rates with the aim of maintaining exchange rate stability speaking to journalists one day after the group of seven countries reaffirmed goals set in paris six weeks ago he said central banks would continue to intervene as and when necessary he said the g countries were concerned that japan do more to stimulate domestic demand and welcomed measures outlined by japanese finance minister kiichi miyazawa yesterday lawson said he was still worried about the risk of a simultaneous recession in the united states japan and west germany though less so than when he gave his march budget speech to the british parliament if anything i m a little bit less concerned but there is still a risk he said asked if the united states should consider increasing interest rates to support the dollar he said if there is a need for changes in relative interest rates it doesn t need to be a rise in interest rates in the united states lawson said there was some concern expressed in yesterday s meetings at the slow progress the united states had made in reducing its budget deficit we believe there will be some worthwhile progress in reducing the deficit this year the important thing is that it continue year after year lawson said the february louvre accord called for efforts to stabilize currencies at then current exchange rates in the six weeks that followed the japanese yen continued to rise against the dollar despite massive central bank intervention asked whether this intervention was a sign of weakness in the louvre accord he said i don t think so if there had been no intervention you would have called that a sign of weakness although intervention could be a cause of inflation lawson said the world does not appear to be in an inflationary mode but one has to be vigilant he said yesterday s g statement which affirmed that current levels of exchange rates were appropriate had been carefully worded we know what we mean and we all mean the same thing he said lawson said financial markets seem to believe that japanese measures outlined in the louvre accord were the source of weakness for that agreement therefore the g countries welcomed miyazawa s presentation of plans for a supplemental budget to stimulate domestic demand they particularly welcomed the goal of an immediate increase in public works spending but lawson said the package also involved a second stage to increase expenditures during the second half of this year reuter" }, { "label": 5, "text": "group of welcomes latest g agreement the group of developed nations issued a communique welcoming the reaffirmation of the paris accord on currency stability by the group of seven leading industrial democracies yesterday in the communique issued this morning the g said prospects of member countries economies would be improved by stability in the exchange rates of their currencies the g includes the group of seven the united states canada britain japan italy west germany and france plus belgium the netherlands sweden and also switzerland sources who attended the g conference this morning said the reference to the latest g agreement was especially added to the brief communique because currency stability will benefit all the g members the g met briefly before the international monetary fund interim committee meeting scheduled for today reuter" }, { "label": 2, "text": "consolidated papers inc cper st qtr net shr dlrs vs dlrs net vs sales mln vs mln reuter" }, { "label": 0, "text": "humana hum to sell medical offices humana inc said it has agreed in principle to sell medfirst primary medical care facilities to primedical corp for undisclosed terms with transfers taking place over the next four months it said it retains medfirst offices mostly in the chicago area the transaction is not expected to have any impact on earnings humana said reuter" }, { "label": 2, "text": "met coil systems corp mets rd qtr feb net shr seven cts vs nine cts net vs sales mln vs mln nine mths shr cts vs cts net vs sales mln vs mln qtly div three cts vs three cts prior pay april record april reuter" }, { "label": 2, "text": "ford raises qtly payout cts shr to cts" }, { "label": 5, "text": "lawson sees no change in u k monetary policy british chancellor of the exchequer nigel lawson said he saw no immediate implications for british monetary policy arising from the group of seven meeting yesterday exchange rate stability is in the u k s interest he told journalists asked what it meant for u k monetary policy he said no i do not think there are any immediate implications reuter" }, { "label": 2, "text": "ford motor co f raises qtly payout qtly div cts vs cts prior pay june one record may one reuter" }, { "label": 2, "text": "dekalb corp dklbb nd qtr feb net shr cts vs cts net mln vs mln revs mln vs mln six mths sdhr cts vs cts net mln vs mln revs mln vs mln reuter" }, { "label": 2, "text": "abbott abt sees gains from weaker dollar abbott laboratories inc said its first quarter record results reflected continued productivity improvement higher volume better product mix and a weaker u s dollar abbott reported first quarter earnings rose to a record mln dlrs or cts a share on record sales of one billion dlrs research and development expenses most of which was applied to diagnostic and pharmaceutical products increased by pct to mln dlrs it said sales of pharmaceutical and nutritional products were mln dlrs in the first quarter up pct over a year ago abbott said hospital and laboratory product sales in the first quarter rose pct to mln dlrs it said first quarter sales in domestic markets advanced pct to mln dlrs while international sales jumped pct to mln dlrs abbott said reuter" }, { "label": 2, "text": "rjr nabisco first quarter net to include mln dlr gain mln dlr charge" }, { "label": 2, "text": "health rehabilitation hrp sets first payout health and rehabilitation properties trust said its board declared an initial dividend of cts including cts for the first quarter just ended and five cts from its initial operating period that began december the dividend is payable may record april reuter" }, { "label": 5, "text": "u s treasury s baker says rate shifts orderly treasury secretary james baker said that changes in exchange rates have generally been orderly and have improved the prospects for a reduction in external imbalances to more sustainable levels in remarks before the imf s policy making interim committee baker reiterated a group of seven statement last night that the substantial exchange rate changes since the plaza agreement months ago have now brought currencies within ranges broadly consistent with economic fundamentals baker said these exchange rate shifts have generally been orderly and have improved prospects for the reduction of external imbalances to more sustainable levels as they are today the trade and current account imbalances simply are not sustainable baker told the ministers he said that the reagan administration was resisting strong domestic pressure for trade protection and was working closely with the u s congress in crafting a trade bill while we cannot yet be sure of the outcome we are doing what we can to ensure that the bill is not protectionist he said baker also urged the international monetary fund s executive board to review possible modifications to the fund s compensatory financing facility before the annual meeting this fall we should pay particular attention to the lack of continuing conditionality associated with the use of the cff and to whether shortfalls in export earnings are indeed temporary he said reuter" }, { "label": 0, "text": "time tl to sell part of unit time inc said its time life video inc subsidiary has agreed in principle to sell its institutional training business to time life video president william v ambrose for undisclosed terms it said the business will operate as ambrose video publishing reuter" }, { "label": 7, "text": "sprinkel says tax hike would not reduce deficit council of economic advisers chairman beryl sprinkel said the reagan administration remains strongly opposed to a tax increase including billion dlrs of new revenues in the budget plan by congressional democrats we believe that significant increases in taxes would not reduce deficits and could have adverse effects on growth sprinkel told the house rules committee he said the administration wanted to continue its policy of gradually reducing deficits through restraining government spending and promoting economic growth sprinkel said cutting the budget deficit was the best way to lower the trade deficit reuter" }, { "label": 2, "text": "royal business group inc roy nd qtr march one shr cts vs five cts shr diluted cts vs five cts net vs revs not given st half shr cts vs one ct shr diluted cts vs one ct net vs revs not given note current year net both periods includes gain dlrs from repurchase of securities results exclude business forms division which is to be sold reuter" }, { "label": 2, "text": "mse cable systems inc th qtr net shr nil vs nil net vcs revs vs avg shrs vs year shr nil vs nil net vs revs vs avg shrs vs note share adjusted for one for reverse split reuter" }, { "label": 2, "text": "rule industries inc rule nd qtr feb net shr cts vs cts net vs revs vs st half shr cts vs cts net vs revs mln vs mln reuter" }, { "label": 0, "text": "new jersey investor buys pct of kinark kin a new jersey investor joseph falkenstein told the securities and exchange commission he holds pct of the shares of kinark corp he said he has no plans to change the company and that he bought the shares because he believed the stock was undervalued and would rise in the next six months reuter" }, { "label": 2, "text": "national distillers dr sees second qtr gain national distillers and chemical corp expects to realize a second quarter after tax gain of four dlrs per share from the mln dlr sale of its spirits business to american brands inc amb national distillers stock rose to after an opening delay on the new york stock exchange for an imbalance of orders i think the sales price was higher than most people expected said john henry of e f hutton group a company spokeswoman said the four dlr per share gain will be included in second quarter net which compares with cts per share last year including the spirits and wine business they netted over mln dlrs for spirits and wine that will ease their interest cost burden said henry national distillers sold its wine business last month to grand metropolitan plc s heublein inc for mln dlrs henry said he had anticipated national distillers would net only mln dlrs at the most from the sale of the two liquor businesses henry said the company recovered from the sales the cost of buying enron chemicals in the fourth quarter last year national distillers paid mln dlrs cash for enron and assumed mln dlrs in debt national distillers said at the time it bought enron it would sell the spirits and wine businesses moving more into the chemical area for two thirds of income were from chemicals and propane national distillers earned excluding the liquor businesses dlrs per share for income from discontinued operations including the liquor businesses was cts per share reuter" }, { "label": 2, "text": "waste recovery inc wrii th qtr net shr loss eight cts vs loss nine cts net loss vs loss revs vs avg shrs vs year shr loss cts vs loss cts net loss vs loss revs vs avg shrs vs reuter" }, { "label": 2, "text": "branch corp bnch st qtr net shr primary ct vs cxts shr diluted cts vs cts net vs assets billion vs billion deposits billion vs billion loans billion vs billion reuter" }, { "label": 0, "text": "kurz kasch ups stake in component tech ctec kurz kasch inc a dayton thermoset molding maker told the securities and exchange commission it had increased its holdings in component technology corp by two pct to pct it said it bought the shares of stock at dlrs a share for investment purposes reuter" }, { "label": 2, "text": "zayre corp zy raises quarterly qtly div cts vs eight cts prior pay june four record may reuter" }, { "label": 2, "text": "rjr nabisco rjr has offsetting gains charges rjr nabisco inc said its first quarter results will include an after tax gain of mln dlrs from the sale of heublein inc and offsetting charges the company said its operations are performing well and in line with expectations rjr nabisco said the charges reflect reserves it established to cover certain expenses rjr nabisco said the expenses covered on after tax basis include mln dlrs for the write down of redundant equipment and facilities resulting from modernization of its u s tobacco operations mln dlrs for continuing restruction of its food subsidiaries and mln dlrs in connection with the early retirement of high coupon debt reuter" }, { "label": 2, "text": "baybanks inc bbnk st qtr net oper shr dlrs vs cts oper shr diluted dlrs vs cts oper net mln vs mln avg shrs mln vs mln avg shrs mln vs mln note net excludes gain dlrs from cumulative effect of change in calculating depreciation expense reuter" }, { "label": 5, "text": "france s balladur says target zone notion nearer french finance minister edouard balladur said that the financial community is closer to arriving at a system of target zones for currencies despite the fact that little is being said about them speaking with reporters at the semiannual meetings of the international monetary fund balladur said we are not very far from the notion of target zones even if we don t say so he told reporters that our ideas are progressing adding that the finance ministers have been talking about more cooperation on economic policies and on levels around which currencies should stabilize reuter" }, { "label": 2, "text": "student loan marketing association slm st qtr shr cts vs cts net mln vs mln assets billion vs billion reuter" }, { "label": 0, "text": "jp industries jpi confirms proposal jp industries inc confirmed the announcement by clevite industries inc clev that jp industries has submitted a proposal to clevite for the acquisition of the company at dlrs per share in cash john psarouthakis chairman and president of jp industries said that the company hopes to promptly negotiate an agreement with the special committee of clevite s board in february jp industries said it purchased clevite s engine parts division jp industries said it is not aware of any other reason for activity in its stock reuter" }, { "label": 2, "text": "meditrust mtrus raises quarterly qtly div cts vs cts prior pay may record april reuter" }, { "label": 2, "text": "monsanto mtc unit sees operating loss in monsanto corp s g d searle and co unit said it will report an operating loss for mainly due to expenses for research and development searle chairman sheldon gilgore said searle s operating loss in will be less than the mln dlr operating loss in he said searle s first quarter sales will be up pct to mln dlrs from mln dlrs in the year ago quarter in searle s sales were mln dlrs gilgore said the company intends to have sales of three billion dlrs by the mid s he said the company anticipates approval in japan the u s italy spain and the u k for its ulcer treatment drug cytotech he also said that in a paper not yet published the drug was shown to prevent a flare up of ulcers for a longer period of time than tagamet made by smithkline beckman corp skb other drugs in searle s pipeline include tissue plasminogen activator tpa made by a different process than genentech s gene tpa expected to be approved for marketing this year reuter" }, { "label": 2, "text": "status game corp stgm rd qtr feb net oper shr six cts vs one ct oper net vs revs vs avg shrs vs nine mths oper shr cts vs five cts oper net vs revs vs avg shrs vs note share adjusted for pct stock dividend in december prior year net excludes tax credits of dlrs in quarter and dlrs in nine mths net excludes discontinued amusement game operations gains dlrs vs dlrs in quarter and loss dlrs vs gain dlrs in nine mths reuter" }, { "label": 2, "text": "universal foods corp ufc votes dividend qtly div cts vs cts prior qtr pay may record april reuter" }, { "label": 2, "text": "betz laboratories inc betz sets quarterly qtly div cts vs cts prior pay may record april reuter" }, { "label": 2, "text": "northwestern national life nwnl ups payout qtly div cts vs cts prior pay may record april note northwestern national life insurance co reuter" }, { "label": 0, "text": "foothill fgi sierrita in standstill accord foothill group inc said it reached a standstill agreement with santa cruz resources inc and its parent sierrita resources inc that bars the companies from acquiring more than a pct interest in foothill except through a business combination approved by foothill s board the company also said santa cruz has advised it that it owns pct of foothill s outstanding common stock in addition santa cruz and sierrita have agreed to vote their shares in accordance with instructions from the foothill board in connection with certain business combinations and certain anti takeover matters foothill said foothill said the arrangement also bars santa cruz and sierrita fron tendering any foothill securities owned by them into any tender offer unless certain unspecified conditions are met reuter" }, { "label": 2, "text": "first federal of michigan ffom st qtr net shr dlrs vs dlrs net vs avg shrs mln vs mln reuter" }, { "label": 0, "text": "colonial bancgroup clbga makes acquisition colonial bancgroup said it has signed letter of intent to acquire community bank and trust of hartselle ala with assets of mln dlrs for undisclosed terms subject to approval by regulatory authorities and community bank shareholders completion is expected within the next year it said reuter" }, { "label": 2, "text": "fab industries inc fit st qtr feb net shr cts vs cts net vs revs mln vs mln reuter" }, { "label": 2, "text": "northern trust corp ntrs st qtr net shr cts vs cts net mln vs mln assets billion vs billion loans billion vs billion deposits billion vs billion reuter" }, { "label": 2, "text": "home savings bank hmsb st qtr net shr cts vs not given net vs note company went public in november net includes loan loss provisions of dlrs vs dlrs and gains on sale of securities of dlrs vs dlrs pretax net includes tax credit dlrs net includes dlr gain from tax credit resulting in reduction of goodwill reuter" }, { "label": 2, "text": "amoskeag bank shares inc amkg st qtr net shr cts vs cts net vs note net includes pretax securities sales gains of dlrs vs dlrs reuter" }, { "label": 2, "text": "msr exploration ltd msr year loss shr loss five cts vs profit cts net loss vs profit revs vs note canadian dollars proved oil reserves at year end mln barrels up pct from a year earlier and natural gas reserves billion cubic feet off nine pct reuter" }, { "label": 2, "text": "southmark sm to offer special dividend southmark corp said it will issue its shareholders a special dividend right to acquire shares of american realty trust arb for each shares of southmark they own each right entitles the holder to buy one share of beneficial interest of american realty trust at a price of dlrs per share southmark said southmark said the offer s record date is may with an ex dividend date of april adding that the it will issue the rights to shareholders on may and the offer will expire on may southmark said it received the rights on april as the holder of about pct of american realty trust s outstanding shares holders of fewer than southmark shares who would receive rights to acquire fewer than american realty shares will be paid cash in lieu of the rights distribution the company said southmark said it will compute the cash price paid based on the average closing market price of the rights on the american stock exchange for the first ten days the rights are traded beginning april in order to get the dividend for these rights a southmark shareholder must own common stock on the ex dividend date april the company said after that southmark said its common stock will be traded on an ex rights basis reuter" }, { "label": 0, "text": "taft broadcasting tfb completes station sale tvx broadcast group inc tvxg said it has completed the previously announced purchase of five taft television stations last week tvx said the sale which was scheduled to close then had been delayed taft said the purchase price was mln dlrs as previously announced the price is subject to final adjustments taft said taft did not indicate the size of the gain if any it would post on the sale it said the stations are wtaf philadelphia wdca washington wcix miami ktxa dallas and ktxh houston reuter" }, { "label": 2, "text": "first interstate expects brazil ecuador loan actions to cut net by mln dlrs" }, { "label": 2, "text": "midlantic corp midl st qtr net shr diluted dlrs vs dlrs net mln vs mln assets billion vs billion deposits billion vs billion loans billion vs billion note results restated for merger of midlantic banks inc and continental bancorp inc on january reuter" }, { "label": 2, "text": "community bank system inc cbsi st qtr net shr cts vs cts net vs note share adjusted for two for one stock split in may reuter" }, { "label": 2, "text": "fitchburg gas fge raises quarterly qtly div cts vs cts prior pay may record may one reuter" }, { "label": 2, "text": "northern trust ntrs net hurt by brazil loans northern trust corp said its first quarter earnings were reduced by dlrs by placing mln dlrs of loans to brazil and six mln dlrs in loans to ecuador on a cash basis should these loans remain on nonperforming basis for the rest of net income for year will be cut by about mln dlrs the bank said earlier it posted net income for the period of mln dlrs or cts a share up from mln dlrs or cts a share total nonperforming assets were mln dlrs at march up from mln dlrs at december and mln dlrs at march the bank said the provision for loan losses for the first quarter was eight mln dlrs compared to mln a year ago net loan charge offs were six mln dlrs down from mln dlrs a year ago the reserve for loan losses was mln dlrs or two pct of outstanding loans higher than the mln dlrs of pct of loans outstanding at march reuter" }, { "label": 2, "text": "sulpetro ltd st qtr jan loss shr not given net loss vs loss revs mln vs mln note previous loss restated reuter" }, { "label": 2, "text": "western federal savings bank wfpr st qtr net shr cts vs cts net vs note share adjusted for pct stock dividend in july company based in mayaguez puerto rico reuter" }, { "label": 2, "text": "final test inc fnlt th qtr loss shr loss six cts vs loss cts net loss vs loss revs vs year shr profit six cts vs loss dlrs net profit vs loss revs vs reuter" }, { "label": 0, "text": "protective life prot in acquisition protective life corp said it has signed a letter of intent to assume liberty life insurance co s group insurance on july subject to regulatory approvals terms were not disclosed reuter" }, { "label": 2, "text": "a o smith corp smc sets quarterlies qtly divs class a and b cts vs cts pay may record april reuter" }, { "label": 2, "text": "central bancorp inc cban st qtr net shr dlrs vs cts net mln vs mln note net includes gain dlrs from termination of pension plan results restated for pooled acquisitions and share adjusted for stock dividends reuter" }, { "label": 0, "text": "emcor completes sale of stock to investors emcore said it completed the sale of mln dlrs of stock to citicorp venture capital ltd concord ventures of dillon read and co and private investors reuter" }, { "label": 2, "text": "vlsi technology inc vlsi st qtr net shr seven cts vs six cts net vs revs mln vs mln avg shrs vs reuter" }, { "label": 2, "text": "silicon systems inc slcn nd qtr march shr profit five cts vs profit two cts net profit vs profit revs mln vs mln six mths shr profit nine cts vs loss cts net profit vs loss revs mln vs mln reuter" }, { "label": 2, "text": "shawmut corp shas st qtr net shr dlrs vs dlrs net mln vs mln avg shrs mln vs mln assets billion vs billion deposits billion vs billion loans billion up pct note results restated for pooled acquisitions of shawmut home bank and fidelity trust co and include first gibraltar mortgage corp from december purchase loan loss provision dlrs vs dlrs reuter" }, { "label": 2, "text": "minntech mntx sees first quarter loss minntech corp said it expects to report loss for its fiscal first quarter to end june due to start up costs related to a new membrane oxygenator and water filtration products however revenues and earnings should consistently increase throughout the remainder of the year president louis cosentino told analysts reuter" }, { "label": 4, "text": "canada day t bills average pct making bank rate pct" }, { "label": 2, "text": "republic savings and loan rsla rd qtr net shr cts vs not available net vs nine mths net vs note company converted to stock ownership effective august periods end march and respectively reuter" }, { "label": 2, "text": "southmark sm to issue american realty rights southmark corp said shareholders will be issued as a special dividend rights to acquire shares of american realty trust arb for each shares of southmark owned the record date for southmark shareholders to receive these rights will be may one with an ex dividend date of april southmark received these rights on april six as the holder of about pct of american realty trust s outstanding shares reuter" }, { "label": 0, "text": "wall street stocks ual inc ual takeover speculation continues to fuel heavy trading in ual inc traders said ual rose to on volume of more than two mln shares after trading with little upward movement earlier in the session traders said rumors which began yesterday added to speculation that the company would be the target of a takeover they said it was believed coniston partners and the pritzker family of chicago were buying the stock coniston declined comment and the pritzkers had no comment traders said there was speculation a bidder might appear and also that real estate developer donald trump who holds a stake in ual might participate in a takeover bid ual pilots said they would be willing to pay billion dlrs which includes debt for the company s united airlines unit reuter" }, { "label": 4, "text": "canadian bank rate rises in week canada s key bank rate rose to pct from pct the week before bank of canada said bank rate is set percentage point above the average yield on the weekly issue of day treasury bills this week s yield was pct compared with the previous week s pct tenders were accepted for billion dlrs of day bills at an average price of dlrs against dlrs last week the billion dlrs of day bills were priced at an average dlrs against dlrs last week to yield an average pct versus pct last week the mln dlrs of day bills were priced at an average dlrs against dlrs last week to yield an average pct versus pct last week tenders will be received next week for billion dlrs of day bills billion dlrs of day bills and mln dlrs of day bills reuter" }, { "label": 2, "text": "slater electric inc slat st qtr feb net shr four cts vs cts net vs sales mln vs reuter" }, { "label": 2, "text": "south jersey industries inc sji st qtr net oper shr dlrs vs dlrs oper net vs revs not given mths oper shr dlrs vs dlrs oper net mln vs note net income including discontinued operation and in both periods dlr gain from change in accounting for which results restated dlrs vs dlrs in quarter and mln dlrs vs mln dlrs reuter" }, { "label": 2, "text": "city national corp ctyn st qtr net shr cts vs cts net vs loans billion vs billion deposits billion vs billion assets billion vs billion reuter" }, { "label": 2, "text": "allied bankshares inc abga st qtr net shr cts vs cts net vs note qtr includes tax gain dlrs or cts per share reuter" }, { "label": 2, "text": "first bank system inc fbs st qtr net shr cts vs cts net mln vs mln assets billion vs billion loans billion vs billion reuter" }, { "label": 2, "text": "centerre bancorp ctbc st qtr net shr cts vs dlrs net vs loans billion vs billion deposits billion vs billion assets billion vs billion reuter" }, { "label": 2, "text": "sea galley stores inc seag st qtr net oper shr four cts vs one ct oper net vs revs mln vs mln note current qtr figures exclude operating loss carryforward gain of dlrs or two cts per share vs gain of dlrs or one ct per share reuter" }, { "label": 7, "text": "canada trade rise seen as start of recovery canada s trade picture has brightened considerably underscoring economists predictions the sector would post a long awaited recovery this year the federal government reported today that the monthly surplus soared to billion canadian dlrs in february double january s mln dlrs surplus and sharply higher than february s mln dlr tally hopefully it s the beginning of a trend said richardson greenshields of canada ltd economist susan clark in toronto economists generally don t expect such large gains over the next months but are looking for an upward trend throughout the year we thought the trade balance would improve over the year and it certainly looks as if this morning s figure is indicative of that commented economist james donegan at the toronto securities firm of midland doherty ltd statistics canada reported the surplus was driven by a pct gain in automobile product exports to a record billion dls in the month recovery in the automotive sector helped push the value of exports up by pct in february the agency said in its monthly report total exports expanded to billion dlrs from billion dlrs in february while imports slipped to billion dlrs from billion dlrs economists have predicted the trade surplus would end up three to five billion dlrs higher than last year s dismal billion dlr total in the surplus was billion dlrs money market analysts said the positive trade news touched off a modest rally in the canadian dollar which rose to u s cts on north american markets early this morning after closing at cts wednesday the currency was hovering around cts in early afternoon trading economists have been banking on an improved trade performance this year to stimulate an otherwise sluggish canadian economy money market analysts said the positive trade news touched off a modest rally in the canadian dollar which rose to u s cts on north american markets early this morning after closing at cts wednesday the currency was hovering around cts in early afternoon trading economists have been banking on an improved trade performance this year to stimulate an otherwise sluggish canadian economy they say the country s consumers who have been spending at a torrid pace in recent years will sharply curtail outlays this year and this should help curtail the flow of imports into the country meanwhile demand for canadian exports in the united states by far the country s largest market is expected to be strong as a result of a projected rise in american consumer spending and the relatively low value of the canadian currency we maintain what s going to drive canada s export performance is income growth in the u s said midland s donegan but at the bank of nova scotia deputy chief economist warren jestin was less optimistic about the u s outlook and said it could be a mistake to read too much into february s trade upturn jestin said given the fact the u s economy is showing signs of weakening particularly car sales it would indicate that part of the strength in canada s trade figures is probably transitory reuter" }, { "label": 2, "text": "first bank fbs sees loss on brazilian loans first bank systems inc in reporting higher first quarter net said that if interest is not paid on the mln dlrs in brazilian loans and nine mln dlrs in ecuadorian loans for the rest of its profits for the entire year will be cut by mln dlrs the banking firm said the non performing status of these loans cut first quarter net by mln dlrs earlier it reported first quarter profits of mln dlrs or cts a share up from mln dlrs or cts a share in the year ago period nonaccrual loans restructured loans and other real estate were mln dlrs or pct of total assets compared to mln dlrs or pct of assets at the end of and mln or pct of assets at march the provision for loan losses in the quarter was mln dlrs compared to mln in the first quarter when there was a special addition to the reserve of mln dlrs net charge offs were mln compared to mln dlrs a year earlier reuter m" }, { "label": 3, "text": "usda estimates ussr grain imports mln tonnes vs in march year ago" }, { "label": 3, "text": "usda estimates soviet grain crop at mln tonnes vs in march year ago" }, { "label": 2, "text": "vornado inc vno th qtr jan net oper shr dlrs vs cts oper net vs revs mln vs mln avg shrs vs year oper shr dlrs vs dlrs oper net mln vs mln revs mln vs mln avg shrs vs note operating net excludes gains of nothing vs dlrs or cts a share in quarter and dlrs or cts a share vs dlrs or dlrs a share in year from tax loss carryforwards reuter" }, { "label": 2, "text": "first union corp first qtr shr cts vs cts" }, { "label": 0, "text": "clevite clev amends rights plan clevite industries inc which earlier received a mln dlr takeover offer from j p industries inc jpi said it amended its shareholder rights plan so that certain provisions of the plan cannot occur until the board determines that it is in the best interests of the company and stockholders the plan adopted in december permits clevite to issue shares at half price to existing stockholders and allows stockholders to buy shares of an unfriendly bidder at half price clevite said the amendments by its board effectively mean that the so called flip in and flip over provisions of its rights plan can only be triggered by affirmative board approval the company said it acted inview of the proposed acquisition and because certain debt restrictions could block its ability to redeem the rights reuter" }, { "label": 2, "text": "stop and shop cos in for split hikes dividend" }, { "label": 2, "text": "stop and shop cos shp in two for one split the stop and shop cos inc said its board voted a two for one stock split payable july one to stockholders of record may it also said it was raising its quarterly cash dividend pct to cts per share from cts per share prior as a result of the split the number of outstanding shares will increase to mln from mln the company said the dividend is payable july one to shareholders of record may it said reuter" }, { "label": 0, "text": "national beverage to acquire faygo beverages national beverage corp said it agreed to acquire faygo beverages inc for an undisclosed amount of cash faygo has revenues in excess of of mln dlrs national beverage said reuter" }, { "label": 2, "text": "audio video affiliates ava th qtr jan net shr cts vs cts net vs revs mln vs mln avg shrs mln vs mln mths shr cts vs cts net vs revs mln vs mln avg shrs mln vs mln note full name of company is audio video affiliates inc reuter" }, { "label": 0, "text": "fluorocarbon fcbn buys eaton etn division fluorocarbon co said it signed a definitive agreement to acquire eaton corp s industrial polymer division for an undisclosed price the polymer division based in aurora ohio had sales of mln dlrs fluorocarbon also said reuter" }, { "label": 2, "text": "first union corp func st qtr net shr cts vs cts net mln vs mln note current qtr includes gain of seven cts shr from sale of securities year ago restated reuter" }, { "label": 2, "text": "financial news network inc fnni nd qtr net qtr ended february shr six cts vs three cts net vs rev mln vs mln avg shares vs six months shr cts vs five cts net vs rev mln vs mln avg shares vs reuter" }, { "label": 2, "text": "first colonial bankshares corp fcola st qtr shr cts vs cts net vs avg shrs vs reuter" }, { "label": 0, "text": "hawaiian electric he to buy hawaiian insurance hawaiian electric industries said it has entered a letter of intent to buy the hawaiian insurance companies the transaction is subject to a definitive agreement and government and board approvals the hawaiian insurance companies ad assets at the end of of mln dlrs and earned premiums of mln dlrs hawaiian electric said it plans to operate the comapny which has employees with current management reuter" }, { "label": 0, "text": "disney family makes bid for holly sugar hly the roy disney family disclosed in a filing with the securities and exchange commission that it made a bid to acquire holly sugar corp for a package of cash and securities shamrock holdings of california inc a disney family company said it submitted the bid on april to salomon brothers inc holly sugar s investment banker the offer was for dlrs in cash securities with a face value of dlrs and a contingent payment certificate that would pay out as much as dlrs over a year period for each share of holly sugar outstanding the disney family already holds holly sugar shares or pct of the total outstanding following purchases of shares march april shamrock told the sec shamrock said it had asked for certain information about holly sugar s financial condition but had been turned down it said its offer was therefore subject to further discussions once we have had an opportunity to complete our due diligence evaluation of the company including inspections of certain facilities and meetings with key management personnel we would be prepared to negotiate all aspects of our proposal including price it said in its april letter reuter m" }, { "label": 2, "text": "universal health realty uht st qtr net shr cts vs nil net vs nil rev mln vs nil note company s full name is universal health realty income trust quarter is company s first full quarter of earnings reuter" }, { "label": 2, "text": "frost and sullivan inc frsl increases payout semi annual div seven cts vs six cts prior pay june one record may one reuter" }, { "label": 0, "text": "c o m b cmco makes acquisition c o m b co said it acquired for mln dlrs the principal assets of national tech industries inc and telkon corp the companies are engaged in servicing sales and telemarketing of consumer electronic merchandise reuter" }, { "label": 2, "text": "rai research corp rac rd qtr feb shr one cts vs cts net vs revs mln vs mln nine months shr cts vs cts net vs revs mln vs mln note net includes loss of in nine months from discontinued and gain of dlrs in rd qtr reuter" }, { "label": 0, "text": "centel cnt completes acquisition centel corp said it completed the acquisition of welbac cable television corp which serves more than cable television subscribers in east central michigan terms were not disclosed with the addition of welbac customers centel cable television co of michigan serves more than customers overall centel has nearly customers in seven states reuter" }, { "label": 2, "text": "james river corp jr sets regular payout qtrly div cts vs cts prior pay april record april reuter" }, { "label": 2, "text": "three d departments inc tdd sets payout class a qtly div cts vs cts prior class b qtly div cts vs cts prior pay may record april reuter" }, { "label": 2, "text": "adams express co adx march assets shr dlrs vs dlrs assets mln vs mln shrs out mln vs mln note lastest assets after capital gain distributions of cts a share in february and dlrs a share in december reuter" }, { "label": 2, "text": "petroleum and resources corp peo march shr dlrs vs dlrs assets mln vs mln shrs out vs note latest assets after capital gain distributions of cts a share in february and cts a share in december and with stated value dlr convertible preferred stock outstanding reuter" }, { "label": 0, "text": "international american home to acquire cos international american homes inc said it entered into a conditional contract to acquire the maione hirschberg cos inc and affiliated entitles for mln dlrs international american whose stock was halted on nasdaq earlier said the purchase price is payable mln dlrs in cash and the balance in its own common shares selling shareholders may earn an additional amount up to a maximum of eight mln dlrs payable in cash based on the future performance of the companies acquired during the three years ending march international said the acquisition is subject to certain conditions such as satisfactory results of due diligence investigations the company said reuter" }, { "label": 2, "text": "sony chairman forecasts lower profits this year sony corp sne t chairman akio morita said sony s profits would be sharply down in as a result of the dollar s decline sony corp posted net consolidated income of billion yen million dollars in pct down on s billion yen million dollars but morita added that japan would benefit from the strong yen by saving on its energy import bill and he expected profits to recover from onwards he was speaking to reporters at a sony factory opening here reuter" }, { "label": 3, "text": "coarse grain supply demand by country usda the u s agriculture department detailed world supply demand data for major importers and exporters of coarse grains by country as follows in mln tonnes ussr coarse grain start stcks n a n a n a n a production imports domes use exports nil nil nil nil end stocks n a n a n a n a n a not available ec coarse grain in mln tonnes start stcks production imports dom use exports end stocks eastern europe coarse grain mln tonnes start stcks production imports dom use exports end stocks japan coarse grain in mln tonnes start stcks production imports dom use exports nil nil nil nil end stocks argentina coarse grain in mln tonnes start stcks production imports nil nil nil domes use exports end stocks canada coarse grain in mln tonnes start stcks production imports dom use exports end stocks thailand coarse grains in mln tonnes start stcks production imports nil nil nil nil domes use exports end stocks reuter" }, { "label": 0, "text": "winn enterprises wnn unit sells dairy winn enterprises knudsen foods inc said it entered an agreement to sell its hawaiian dairy operations to foremost foods inc for mln dlrs cash the company said the purchase price is subject to adjustment and the entire transaction is subject to approval by the u s bankruptcy court for the central district of california reuter" }, { "label": 0, "text": "national beverage to acquire faygo national beverage corp said it agreed to acquire privately held faygo beverages inc for an undisclosed amount of cash the company said detroit based faygo a soft drink maker has annual revenues of more than mln dlrs national beverage which is also privately held owns and bottles shasta beverages spree all natural beverages and private label brands in its bottling facilities in the united states reuter" }, { "label": 2, "text": "james river corp jr sets regular dividend qtly div cts vs cts prior pay april record april reuter" }, { "label": 2, "text": "newhall investment properties nip payout shr cts vs cts prior qtr pay june one record april reuter" }, { "label": 2, "text": "newhall resources nr qtly distribution shr cts vs cts prior qtr pay june one record april reuter" }, { "label": 2, "text": "westinghouse electric corp st qtr shr dlrs vs cts" }, { "label": 1, "text": "u s oil dependency seen rising to record level the united states dependency on foreign oil sources may reach record levels by the mid s according to john h lichtblau president of petroleum industry research associates lichtblau speaking at an alternative energy conference here said the u s may depend on foreign suppliers for as much as pct of its oil by surpasssing the previous high level of pct in the long term growth in dependency on foreign oil is inevitable lichtblau said as much as pct of u s oil imports in could come from opec nations he said lichtblau said the u s depended on foreign suppliers for pct of its oil in and predicted that would increase to pct by however the rate of this growth can be affected positively or negatively through government action or inaction lichtblau said he said that one of the government s negative actions is the maintenance of the windfall profits tax which acts as a disincentive to developing existing fields and reduces cash flow for oil exploration lichtblau called for the adoption of an international floor price for crude oil to help stabilize world oil prices an international floor price adopted by all or most industrial countries would clearly be a much more effective measure and would be much less distortive for the u s than if we imposed it alone lichtblau said development of alternate energy sources such as synthetic fuels as well as increased development in alaska could lessen u s dependency on foreign oil lichtblau said a potential for alternative supplies could limit the willingness of opec nations to raise oil prices he said lichtblau also called for the federal government to offer tax abatements for oil drilling to fill the strategic petroleum reserve at a faster rate and to develop pilot plans for alternative energy reuter" }, { "label": 2, "text": "westinghouse electric corp wx st qtr net shr primary dlrs vs cts shr dilulted dlrs vs cts net mln vs mln revs billion vs billion avg shrs mln vs mln reuter" }, { "label": 0, "text": "fundamental brokers buys part of mki brokers fundamental brokers institutional associates a leading inter dealer broker in u s government securities said it has agreed to acquire certain assets of mki government brokers inc for undisclosed terms acquisition documents have been signed and are being held in escrow pending the receipt of certain consents it said in conjunction with the sale of assets mki has ceased brokering treasury bills notes and bonds fundamental said industry sources told reuters yesterday that fundamental was close to acquiring the government securities brokerage division of mki a major broker of corporate bonds fundamental said it intends to use the facilities formerly used by mki to provide a new block brokering service in the most active treasury issues by separating the execution of wholesale trades from the heavy volume of smaller lots large scale transactions will be facilitated the company said the new system is expected to substantially enhance the liquidity and effiency of markets fundamental said the wholesale brokering service will begin on or around april reuter" }, { "label": 2, "text": "newhall investment nip sets special payout newhall investment properties said it declared a special distribution of cts per share payable june one to unitholders of record april reuter" }, { "label": 0, "text": "national heritage nher buys management firm national heritage inc said it acquired the assets of chartham management corp of salem ore terms were not disclosed the assets acquired will be used to form a new divisional office serving the northwest the nursing home operator said the newly acquired salem operation has management responsibility for about beds in nursing homes in seven states southmark corp sm which owns pct of national heritage recently agreed to acquire the facilities national is the manager of nursing home properties owned by southmark reuter" }, { "label": 0, "text": "ohio mattress omt buys sealy of michigan ohio mattress co said that its ohio sealy mattress manufacturing co unit completed its previously announced acquisition of sealy mattress co of michigan inc in addition the company said sealy inc of which its owns pct redeemed the outstanding sealy stock held by michigan sealy thus increasing the company s stake in sealy to pct reuter" }, { "label": 1, "text": "la land llx du pont dd get exploration tracts louisiana land and exploration co said it du pont co s conoco inc subsidiary and oranje nassau energie b v have been offered four exploration blocks offshore the netherlands louisiana land said blocks q a e c and e b were offered to the group in which conoco has a pct interest louisiana land pct and orange nassau pct while this group along with a consortium headed by pennzoil co pzl were offered block q c the offers were the result of applications submitted to the ministry of economic affairs for the netherlands sixth offshore licensing round louisiana land said the conoco group intends to provide a formal acceptance of the blocks with plans to start exploration this year the company also said the two q blocks immediately offset other offshore blocks on which hydrocarbons have been found in commercial quantities reuter" }, { "label": 2, "text": "patient pti considering debt restructuring patient technology inc said it retained an investment banking firm to consider alternatives in restructuring its long term debt including a possible exchange offer for mln dlrs of outstanding convertible debentures on april one it began consolidating sales marketing and manufacturing operations the consolidation is expected to be complete by june one and the company said it is now focusing on restructuring its balance sheet the company said the first quarter will be adversely affected by the consolidation effort for the year ago first quarter the company reported a profit of dlrs on mln dlrs the company further said that the second quarter will be transitional period and that earnings growth will resume in the second half of for the year ended december patient reported a net loss of mln dlrs on sales of mln dlrs due to write offs from discontinued operations and a temporary backlog of orders reuter" }, { "label": 0, "text": "napco npco management cannot raise funding napco international inc said it has suspended its plan to sell its international business to a group of that business top managers because the group has failed to obtain satisfactory financing the company also said it still intends to pursue a new corporate direction and is exploring acquisition alternatives reuter" }, { "label": 2, "text": "banks of mid america inc boma st qtr net shr loss cts vs loss cts net profit vs loss assets billion vs billion deposits billion vs billion loans billion vs billion note shr data after payment of preferred dividends reuter" }, { "label": 0, "text": "mcdonnell douglas md buys computer firm mcdonnell douglas corp said it acquired frampton computer services ltd a british software company that is also known as isis terms of the acquisition were not disclosed based in bristol england isis employs workers and has annual revenues of about five mln dlrs mcdonnell douglas said the company added that isis will operate as part of mcdonnell douglas information systems international reuter" }, { "label": 2, "text": "westinghouse electric wx optimistic for year westinghouse electric corp chairman douglas danforth said he was encouraged by first quarter results for fiscal and said the company was positioned to capitalize on the economy s modest growth for the rest of the year i am encouraged by the continuing improvement in earnings danworth said the first quarter met our expectations westinghouse recorded net income for the first quarter of mln dlrs or dlrs per share on revenues of billion dlrs danworth attributed the results to an increase in the operating profit in the energy and advanced technology industries and commerical segments reuter" }, { "label": 2, "text": "bsd bancorp bsd st qtr net shr seven cts vs five cts net vs loans mln vs mln deposits mln vs mln assets mln vs mln reuter" }, { "label": 2, "text": "gateway communications inc gway st qtr net shr cts vs six cts net vs revs vs reuter" }, { "label": 2, "text": "baker communications inc bakr year loss shr loss cts vs loss cts net loss vs loss revs vs reuter" }, { "label": 2, "text": "eastover corp easts th qtr net shr cts vs cts net vs revs vs year shr dlrs vs dlrs net vs rev vs note net includes state tax credit of for qtr and year net also includes gains from sale of real estate of vs for qtr and vs for year reuter" }, { "label": 0, "text": "bevis bevi receives takeover inquiries bevis industries inc which has been seeking to be acquired said it recently received inquiries concerning the purchase of the company the company did not identify the parties that made the inquiries but it said they had been referred to its investment bankers tucker anthony and r l day inc for study on march the company said it engaged tucker anthony to seek purchasers of its operating units greenville tube corp and md pneumatics inc reuter" }, { "label": 0, "text": "jacor jcor to buy two denver radio stations jacor communications inc said it agreed to buy two denver radio stations from a h belo corp blc for mln dlrs in cash and notes jacor said the two stations are koa am and koaq fm the acquisitions must be approved by the federal communications commission jacor added reuter" }, { "label": 0, "text": "polycast ptcc reduces spartech sptn stake polycast technology corp told the securities and exchange commission it sold off of its spartech corp common shares reducing its stake in spartech to shares or pct of the total outstanding polycast said it made the sales april in the over the counter market it gave no reason for the sales reuter" }, { "label": 0, "text": "hospital corp says it received dlr a share offer from investor group" }, { "label": 2, "text": "beverly enterprises bev sets regular dividend qtly div five cts vs five cts prior pay july record june reuter" }, { "label": 5, "text": "treasury s baker says floating exchange rate system needs greater stability" }, { "label": 1, "text": "crude oil netbacks up sharply in europe u s crude oil netback values in complex refineries rose sharply in europe and firmed in the u s last friday from the previous week but fell sharply in singapore according to calculations by reuters pipeline the firmer tone to refining margins in europe and the u s relected higher prices for petroleum products particularly gasoline and support from crude oil prices netback values for crude oil refined in northern europe rose substantially following strong gains in gasoline prices there brent is valued at dlrs up cts a barrel or three pct from the previous week in the u s gulf sweet crudes rose in value by cts to dlrs for west texas intermediate up about pct sour grades in the u s gulf showed an increase of cts a barrel for alaska north slope up pct but netbacks for crude oil refined in singapore fell sharply down cts to as much as cts a barrel as ample distillate supplies weighed on petroleum product prices attaka in singapore is valued at dlrs a decline of cts a barrel or pct from the previous week for refineries in the mediterranean netback values were mostly lower with declines of seven to cts the value of kuwait crude fell cts to dlrs while iranian light fell cts to dlrs on the u s west coast netback values for ans cif l a also jumped sharply up cts a barrel or pct to dlrs on higher gasoline prices reuter" }, { "label": 5, "text": "treasury s baker says system needs stability treasury secretary james baker said the floating exchange rate system has not been as effective as had been hoped in promoting stability and preventing imbalances from emerging in the global economy in remarks before the afternoon session of the international monetary fund s interim committee baker said he was not suggesting that the system should be abandoned but i do suggest he said that we need something to give it more stability and to keep it headed in the right direction when the wind shifts he said that indicators can serve as a kind of compass but added that structural indicators can help focus attention on some policies baker however said the imf needs to move beyond macroeconomic indicators and find structural indicators that can help focus attention on some of the policies of specific relevance to the imbalances we face today the treasury secretary said that indicators should be given a more prominent role in the annual economic reviews article iv consultations that the fund performs baker also told the policy making group that it was time for the imf to adopt earlier recommendations making imf surveillance more relevant to national policymakers and the public in particular we urge increased publicity for imf appraisals developed in article iv consultations the use of follow up reports on country actions to implement imf recommendations and greater use of special consultation procedures he said baker emphasized that indicators were a device for moving beyond rhetoric to action he said they provide more structure to the system and induce more discipline and peer pressure into the process of policy coordination he said the fund s procedures for surveillance need to be reviewed and updated to reflect the use of indicators this should be matter of priority for the executive board he said baker also urged the fund to develop alternative medium term economic scenarios for countries that can help us focus even more clearly on the most important imbalances by identifying options for addressing them and analyzing the implications of these options he said also that further work should be done on finding paths that lead toward possible medium term objectives if we are to take effective remedial action when there are significant deviations from an intended course then we must have more definitive ways of indentifying the right course for key variables he said reuter" }, { "label": 2, "text": "trustcorp inc ttco st qtr net shr cts vs cts net vs assets billion vs four billion note shr and net data are before accounting change announced in which added cts a share to year ago st qtr results reuter" }, { "label": 2, "text": "napa valley bancorp nvbc st qtr net shr cts vs cts net vs reuter" }, { "label": 2, "text": "international power machines pwr th qtr loss shr loss cts vs loss cts net loss vs loss revs vs year shr loss cts vs loss dlrs net loss vs loss revs mln vs mln note net includes adjustment in inventory valuations and in cost reduction expenses full name is international power machines corp reuter" }, { "label": 0, "text": "great american mgmt gami has atcor atco stake great american management and investment inc told the securities and exchange commission it acquired a pct stake in atcor inc great american said it bought the stake for investment it added that it has also considered but not yet decided to buy additional atcor shares either in the open market in private transactions through a tender offer or otherwise great american said it paid about mln dlrs for its atcor shares it said its most recent purchases included shares bought march april reuter" }, { "label": 2, "text": "rai research corp rac rd qtr feb net oper shr one ct vs cts oper net vs revs vs nine mths oper shr cts cs cts oper net vs revs vs note oper excludes gain from discontinued operations of for year ago qtr and loss from discontinued operations of for year ago nine mths reuter" }, { "label": 2, "text": "moore mcl sees substantial profit gain moore corp ltd expects profits from continuing operations will exceed results and recover to levels when the company earned mln u s dlrs or dlrs a share president m keith goodrich said we ll have a substantial increase in earnings from continuing operations he told reporters after the annual meeting he said he expected profits would recover last year s lost ground and reach results in profits from continuing operations slumped to mln dlrs or dlrs a share the total excluded losses of mln dlrs on discontinued operations goodrich said moore is still actively looking for acquisitions related to its core areas of business forms manufacturing or handling we could do a large acquisition he said when asked if the company could raise as much as one billion dlrs for this purpose chairman judson sinclair answering a shareholder s question told the annual meeting that a special resolution passed by shareholders to create a new class of preferred shares would allow moore to move quickly if it decided to pursue an acquisition if we were to make a major acquisition it means we can move with a certain expediency sinclair said asked if the resolution was designed to give moore protection from a possible hostile takeover sinclair said only i know of no threat to the corporation at this time reuter" }, { "label": 0, "text": "firm has pct of decision capital fund dcf gabelli group inc said it and two subsidiaries held a total of decision capital fund inc shares or pct of the total outstanding it said the shares were held on behalf of investment clients and it said it had no intention of seeking control of the fund gabelli said its most recent purchases of decision capital fund stock included shares bought april on the philadelphia stock exchange gabelli is an investment firm headquartered in new york city its gabelli and co subsidiary is a brokerage firm reuter" }, { "label": 0, "text": "partnership buys ipco ihs stake of pct mp co a new york investment partnership told the securities and exchange commission it bought a pct stake in ipco corp common stock the partnership said it acquired ipco shares paying mln dlrs because it believed the securities to be an attractive investment opportunity it said it planned to regularly review its investment and may in the future recommend business strategies or an extraordinary corporate transaction such as a merger reorganization liquidation or asset sale the partnership is controlled by marcus schloss and co inc a new york brokerage firm and prime medical products inc a greenwood s c medical supplies firm reuter" }, { "label": 2, "text": "delmed inc dmd year loss oper shr loss cts vs loss dlrs oper net loss vs loss mln revs mln vs mln avg shrs mln vs mln note oper excludes loss on provision for discontinued operations of vs mln and loss from conversion of debt vs gain of oper excludes loss from pension plan liquidation of and loss from discontinued operations of reuter" }, { "label": 0, "text": "cadillac fairview says it has received some acquisition proposals" }, { "label": 0, "text": "cadillac fairview says it received takeover bids cadillac fairview corp ltd said it received proposals to acquire the company following its announcement last august that it had retained investment dealers to solicit offers for all outstanding common shares cadillac fairview said the offers are subject to clarification and negotiation and offered no further details reuter" }, { "label": 0, "text": "winterhalter wntlc holders okay takeover winterhalter inc said its shareholders approved the dlr acquisition of winterhalter by interface systems inc intf the acquisition would be for cts per winterhalter share reuter" }, { "label": 2, "text": "american eagle petroleums ltd year loss shr loss cts vs profit cts net loss vs profit revs mln vs mln reuter" }, { "label": 7, "text": "chilean trade surplus narrows slightly in february chile s trade surplus narrowed to mln dlrs in february from mln dlrs in the same month last year but it was above the mln dlr surplus recorded in january the central bank said exports in february totalled mln dlrs pct above the january figure imports fell pct from the previous month to mln dlrs the figures for the same month last year were mln and mln dlrs respectively the accumulated trade surplus over the first two months of stands at mln dlrs against mln dlrs the previous year reuter" }, { "label": 2, "text": "valex petroleum inc valp year dec shr loss six cts vs loss cts net loss vs loss mln revs mln vs mln note net includes mln dlrs of writedowns and tax benefit of reuter" }, { "label": 4, "text": "average yen cd rates fall in latest week average interest rates on yen certificates of deposit cd fell to pct in the week ended april from pct the previous week the bank of japan said new rates previous in brackets average cd rates all banks pct money market certificate mmc ceiling rates for week starting from april pct average cd rates of city trust and long term banks less than days pct days pct average cd rates of city trust and long term banks days pct days pct days unquoted days pct over days pct unqtd average yen bankers acceptance rates of city trust and long term banks to less than days pct days pct days unquoted unqtd reuter" }, { "label": 4, "text": "japan has no plans to cut discount rate bank of japan sources said the bank has no plans to cut its discount rate they told reporters that there was no pressure on japan during the group of seven g meeting here yesterday to lower its discount rate they added that they themselves do not feel any need for a cut at all chancellor of the exchequer nigel lawson told reporters earlier today that some countries those with strong currencies might have to cut interest rates the bank of japan sources also said that it was too soon to call the g pact a failure the central bank sources were commenting on the dollar s renewed tumble in new york and tokyo which was sparked by remarks by u s treasury secretary james baker that the dollar s fall had been orderly they said the market must have misinterpreted baker s comments because he was referring to the dollar s fall since the plaza agreement in september over a long time span not the currency s recent movements they added that the foreign exchange markest seem to seize on anything to use as an excuse to drive the dollar one way or the other the bank of japan sources said the u s is putting more weight on the dollar yen rate in terms of judging market stability than on other currencies throughout the g meeting japan pointed to the dangers that would arise from a further dollar fall because it would reduce the flow of japanese capital to the u s hurting the u s and world economies they said in february and in march of this year japanese investors reduced their purchases of u s treasury bonds the sources said each country in the g britain canada france italy japan the u s and west germany has a different view about currency stability the bank of japan sources said this is because the overall foreign exchange market is a triangle of dollar yen european currencies yen and dollar european currencies at the time of the louvre agreement european countries did not want the yen to weaken against their currencies so they did not object to the yen strengthening they said reuter" }, { "label": 6, "text": "australian unions and nsw government reach deal union and new south wales government officials have reached a compromise in a dispute over workers compensation averting increased industrial action in the state union sources said but some unions including those of building and mining workers said they were dissatisfied with the deal and would continue their strikes for a few more days state officials said the government had agreed to revise its proposals to cut compensation and would allow slightly higher cash benefits for injured workers under the original proposal which sparked strikes and other industrial action in the state on april workers compensation would have been cut by one third full details of the compromise package are not yet known the labour council affiliated to the australian council of trade unions actu had threatened to paralyse new south wales unless the government modified its pending legislation on the issue state officials said the only sectors affected in the past three days were some government building projects railway freight movement and cargo handling in sydney s ports reuter" }, { "label": 1, "text": "ecuador crude oil output to resume next month ecuador is due to resume limited crude oil output on may when a new km pipeline to neighbouring colombia should be finished an energy ministry spokesman said oil output was halted on march by an earthquake which damaged km of the main pipeline linking jungle oilfields at lago agrio to the ecuadorean port of balao on the pacific about km of the new link capable of carrying some barrels per day bpd has been built he said ecuador pumped to bpd before the earthquake the new link will connect lago agrio to puerto colon in colombia the starting point of columbia s pipeline to the pacific ocean port of temuco the government estimates it will take about four more months to repair the lago agrio to balao pipeline and return output to normal levels the spokesman said reuter" }, { "label": 2, "text": "mobil australia reports mln dlr loss wholly owned mobil corp mob unit mobil oil australia ltd reported a mln dlr net loss in a turnaround from its mln profit in the loss reflected a combination of strikes plus scheduled and unscheduled refinery shutdowns for maintenance and inventory losses caused by government controls on both crude and product prices mobil said in a statement however equity accounting of associates profits reduced the loss to mln dlrs against a mln profit in mobil said it was confident would see a return to profit as it built further on its company restructuring reuter" }, { "label": 7, "text": "japan warns u s it may retaliate in trade dispute japan warned the united states it may take retaliatory measures if the united states imposes its planned trade sanctions on april a senior government official said shinji fukukawa vice minister of the international trade and industry ministry said in a statement japan would consider measures under the general agreement on tariffs and trade and other actions if the united states imposes pct tariffs on some japanese exports as planned next week however fukukawa said japan was ready to continue trade talks with the united states despite its failure to convince america to call off the threatened tariffs during two days of emergency talks which ended in washington yesterday last month president reagan announced the sanctions in retaliation for what he called japan s failure to honour a july agreement to stop dumping computer microchips in markets outside the united states and to open its home market to american goods fukukawa said the united states had regrettably not listened to japan s explanation of its efforts to live up the pact and said washington had not given any detailed explanation of why it planned to impose the tariffs reuter" }, { "label": 0, "text": "kuwait increases stake in sime darby the kuwait investment office kio has increased its stake in sime darby bhd to mln shares representing pct of sime darby s paid up capital from mln shares malayan banking bhd mbkm si said since last november kio has been aggressively in the open market buying shares in sime darby a major corporation with interests in insurance property development plantations and manufacturing the shares will be registered in the name of malayan banking subsidiary mayban nominees sdn bhd with kio as the beneficial owner reuter" }, { "label": 7, "text": "taiwan announces new round of import tariff cuts taiwan announced plans for another round of import tariff cuts on foreign goods shortly before trade talks with washington which officials described as a move to help balance trade with the united states wang der hwa deputy director of the finance ministry s customs administration department told reporters the list of products included items asked by washington the move is part of our government efforts to encourage imports from our trading partners particularly from the united states he said he said the ministry sent a proposal today to the cabinet that the tariffs on such products as cosmetics bicycles apples radios garments soybeans and television sets be cut by between five and pct the cabinet was expected to give its approval next thursday and the new tariff cuts would be implemented possibly starting on april he added taiwan introduced a sweeping tariff cut on some foreign products last january aimed at helping reduce its growing trade surplus with the united states the island s largest trading partner washington however was not satisfied with the cuts and pressed for more reductions as a way of cutting its huge trade deficit with taipei washington s deficit with taipei rose to a record billion u s dlrs last year from billion in it widened to billion in the first quarter of from billion a year earlier taiwan s official figures show today s announcement came before a departure later today of a member taiwan delegation for washington for a series of trade talks with u s officials the delegation s leader vincent siew told reporters last night he was leaving with a heavy heart meaning that he would face tough talks in washington because of rising protectionist sentiments in the u s congress taiwan s trade surplus with washington was the third largest after japan and canada siew said the talks starting on april would cover u s calls for taiwan to open its market to american products purchases of major u s machinery and power plant equipment import tariff cuts and protection of intellectual property i am afraid this time we have to give more than take from our talks with the u s he said without elaborating reuter" }, { "label": 7, "text": "british minister says he warned tokyo of sanctions a british minister said he had given the japanese government a clear warning of sanctions against japanese companies if tokyo did not allow more access to its internal markets and it was clearly understood corporate affairs minister michael howard said on his return from a visit to japan he thought the japanese were beginning to appreciate the need to be fair and open about access to their own markets at an airport news conference howard denied opposition charges that his trip had been a failure because he had returned empty handed i did what i set out to do i was sent to deliver a clear message to the japanese government and i delivered it very clearly and it has been clearly understood howard said that under the financial services act the govenment had considerable flexibility in taking sanctions against japanese companies and finance houses operating in britain it is not simply a question of withdrawing or refusing operating licences we can ban firms from certain countries from carrying out certain kinds of business while allowing them to carry out other kinds i hope we don t have to use these powers but i made it clear in japan that if our timetable isn t met we shall use them he said it would be unfortunate if britain and japan became involved in a tit for tat exchange adding that japan gained more than anyone else from an open trading relationship i think they are beginning to appreciate that if this relationship is to continue it is very important for them to be fair and open about access to their own markets on the question of the british firm cable and wireless plc cawl l which is trying to win a significant share of telecommunications contracts in japan howard said he had told the japanese this was being widely regarded as a test case he said there were signs of movement on the case cable and wireless was due to take part in talks in japan next tuesday he said earlier this week british prime minister margaret thatcher said britain could not go it alone on sanctions against japan but would have to coordinate action with its european community partners community sources said after a meeting of trade officials yesterday that the group might impose steep new tariffs on a range of japanese goods to prevent diversion from united states markets if washington imposes trade sanctions against tokyo as it has threatened reuter" }, { "label": 4, "text": "yield rises on day sama deposits the yield on day bankers security deposit accounts issued this week by the saudi arabian monetary agency sama rose by more than point to pct from a week ago bankers said sama decreased the offer price on the mln riyal issue to from last saturday like dated interbank deposits were quoted today at pct point higher than last saturday sama offers a total of billion riyals in and day paper to banks in the kingdom each week reuter" }, { "label": 2, "text": "texaco sees business little hit by bankruptcy move texaco inc tx said its decision to file for protection under chapter of the u s bankruptcy code will not affect the majority of its businesses it said its subsidiaries which account for pct of its billion dlrs in revenues and pct of its net property plant and equipment were free of the action only parent holding company texaco inc and operating subsidiaries texaco capital inc and texaco capital n v are affected it said but the company said it was likely to suspend its cents per share quarterly common stock dividend and halt repayments on debts of some billion dlrs texaco said it filed for chaper because suppliers were demanding cash payments and banks were withholding loans as a result of a legal dispute with pennzoil co pzl texaco is fighting a texas law requiring it to post a bond of more than billion dlrs before it can appeal a judgment that ruled it illegally interfered with pennzoil s acquisition of getty petroleum corp gty the bond almost matches the damages awarded against texaco should texaco fail to place the bond pennzoil could begin to attach its assets to secure the judgment last monday the supreme court overturned a decision to cut texaco s bond to one billion dlrs and sent the issue back to the texas courts analysts said the bankruptcy filing effectively froze all texaco s obligations while it continued to appeal the merits of the pennzoil lawsuit attempts last week to win a compromise on both the bond issue and the larger dispute failed james kinnear texaco s president and chief executive officer told reporters kinnear said pennzoil s disclosure in court papers on friday that it wanted to extend the bond issue hearing until the end of april pushed texaco further towards chapter pennzoil had asked texaco to post a billion dlr cash bond and to reduce its dividend to not more than pct of earnings pennzoil also wanted assurances that texaco would not sell any assets kinnear said texaco offered to put up one billion dlrs in a letter of credit and agreed not to let the value of its assets fall under billion dlrs he added joseph jamail a houston attorney for pennzoil said the company had made its latest settlement offer to texaco on saturday and was taken by surprise when texaco filed for bankruptcy he declined to reveal the amount of the proposal citing a confidentiality agreement between the two companies texaco told us they would get back to us but instead they chose to go to bankruptcy court jamail said attorneys for pennzoil said they believed the company would prevail in court appeals adding that texaco s assets were ample ultimately to pay the pennzoil judgment in full reuter" }, { "label": 0, "text": "western mining sells acm stake western mining corp holdings ltd wmng s wmc said it sold its entire holding of mln shares in the gold mining company australian consolidated minerals ltd acm wmc gave no details but stockbrokers said the sale was made at eight dlrs a share on friday to a number of u s european and australian investors through wmc s usual brokers the company purchased the pct parcel in early march from amax inc amx n at dlrs a share ahead of a one for three bonus issue when amax sold its entire pct stake in acm to a number of local companies reuter" }, { "label": 2, "text": "anz bank sets one for two bonus issue australia and new zealand banking group ltd anza s said it will make a one for two bonus issue from its asset revaluation reserve to shareholders registered june the proposed bonus and an increase in authorised capital to one billion one dlr par shares from mln will be put to shareholders for approval at an extraordinary general meeting on may the anz said in a statement the issue will absorb about mln dlrs of the mln standing in the asset revaluation reserve it said the bank said that by lowering the dividend rate it expects to maintain the value of dividend payout on the enlarged capital at about the level of its last full year ended september the group paid cents a share and mln dlrs in all for that year shareholders will also be asked to approve changes in the bank s articles of association to allow it to offer shares in lieu of the interim dividend at a discount of five pct to the market price the group is the latest to announce a tax free bonus issue ahead of dividend imputation effective july reuter" }, { "label": 4, "text": "uae central bank cd yields rise yields on certificates of deposit cd offered by the united arab emirates central bank were higher than last monday s offering the bank said the one month cd rose point to pct while the two three and six month maturities rose point each to and pct respectively reuter" }, { "label": 7, "text": "singapore external trade gains pct in quarter singapore s external trade grew pct in first quarter against a pct decline in the same period last year and two pct growth in the previous quarter the trade development board said it said exports over the period rose by pct to billion dlrs and imports by pct to billion for a trade deficit of billion against a billion deficit in the same period and billion deficit previously the growth was attributed to the strength of non oil trade especially computers and computer parts electronic components and garments it said reuter" }, { "label": 7, "text": "malaysia s manufacturing exports rise pct malaysia s manufacturing exports rose by pct to billion ringgit in chairman of the export promotion council ahmad sarji abdul hamind said the improved export performance was led by electrical and electronic products textiles footwear clothing processed food timber chemical and rubber products he told a news conference however total gross exports for the year declined by pct to billion ringgit from billion in due to a fall in major commodity exports and weak prices he said reuter" }, { "label": 0, "text": "offer for dome may short circuit its debt talks a billion dlr offer for dome petroleum ltd dmp mo by transcanada pipelines ltd trp to may short circuit dome s restructuring plan and open the door for more takeover bids oil analysts said dome is trying to get approval for a plan to refinance debt of more than billion dlrs by july when an interim debt plan that allowed the canadian oil and gas firm to defer substantial payments to creditors will expire analysts said transcanada s bid signals dome s debtholders that an alternative exists to dome s debt plan dome announced its plan to major creditors as well as public noteholders in march after several months of delicate negotiations transcanada s proposal amounts to a quasi debt restructuring oil analyst doug gowland of brown baldwin nisker ltd said from toronto calgary based dome s restructuring plan would allow creditors to convert debt to common shares under a formula yet to be negotiated payments on remaining debt would be linked to cash flow generated by assets pledged against the debt the weakness of the whole debt refinancing proposal is that even with approval of creditors there is no assurance that dome will in fact be able to repay all of its debt obligations said wilf gobert an oil analyst for peters and co ltd in calgary transcanada s announcement came as a surprise since dome was waiting for responses from creditors on its proposed refinancing packages gobert said the transcanada proposal could open the bidding for dome since other potential buyers were probably waiting for lenders to agree to a restructuring he added i would think that the debtholders would want to entertain any and all offers for dome gobert said dome spokesman david annesley said in new york that transcanada s announcement could be seen as an attempt to fix the bidding price for dome and an effort to preclude other possible buyers from making an offer by drawing attention to us in our discussions it means that others may be a little reluctant to come forward he said dome does not consider transcanada s proposal a formal offer because the pipeline utility s announcement breached a confidential agreement between the two companies he said dome responded to the statement by suspending discussions with transcanada in order to pursue talks with other unidentified parties however dome said its management and financial advisers would evaluate all proposals including transcanada s gowland said transcanada s offer is probably a fair price for the company s mln acres of oil and gas land holdings however he said not enough financial details are known about dome s debt restructuring to compare the value of transcanada s proposed offer reuter" }, { "label": 5, "text": "u k money market deficit forecast at mln stg the bank of england said it forecast a shortage of around mln stg in the money market today among the main factors affecting liquidity bills maturing in official hands and the take up of treasury bills will drain some billion stg partly offsetting these outflows a fall in note circulation will add some mln stg exchequer transactions around mln and bankers balances above target about mln reuter" }, { "label": 0, "text": "rothmans denies share sale speculation rothmans holdings tobacco ltd said in a sttement there was no foundation to press speculation that it would sell its stake in rothmans international plc rot l to philip morris inc mo n or that it would buy morris stake in the report rothmans international said rht which is controlled by rupert foundation sa owned mln ordinary and mln b ordinary shares or pct and pct respectively morris owns mln b ordinary shares or pct rothmans b shares which firmed on the speculation to close at p from p on friday eased to p at gmt reuter" }, { "label": 7, "text": "trade issues straining ec s patience with japan member states of the european community are starting to run out of patience with japan which they believe has repeatedly promised major initiatives to open its market to imports but as often made only minor moves diplomatic sources here said several recent actions by ec countries bear witness to a new disillusionment with the willingness or at least the ability of the japanese government to reduce its massive trade surplus with the ec however they said an all out trade war may be far off as ec states know they would suffer almost as much as japan senior ec diplomats gave a generally favourable reaction to an ec executive commission proposal under which the ec could raise tariffs on a range of japanese products if the u s carries out a threat to make a similar move on april the ec tariffs which would involve renouncing obligations entered into with the world trade body gatt would be designed to stop a diversion of exports to the ec market from that of the u s the diplomats were meeting as tokyo announced that the ec s trade deficit with japan reached a record billion dlrs in march up from billion in february in japanese exports to the ec totalled billion dlrs up pct from while ec exports to japan fell one pct to billion dlrs in paris trade minister michel noir said france has decided to give japan a taste of its own medicine burgeoning imports of microwave ovens and of frozen coquilles st jacques will be restricted by a strict application of french quality standards something ec states say often happens to their own exports entering japan britain has threatened to withdraw the licences of japanese banks and insurance companies to operate in the city of london because the british cable and wireless company lost out in competition for a japanese telecommucations contract however british officials in london have said that the government may have gone too far in implying that it would take immediate drastic action unless the contract was reopened by contrast west germany with the ec s most successful economy has never threatened tokyo with sanctions preferring to rely on firm diplomacy and encouragement of its own industries to surmount obstacles to export to japan the ec commission itself has switched its tactics in recent years substituting general calls for action by japan to open its market with specific demands for moves in key areas at present it is for instance pressuring japan to end allegedly discriminatory taxation of imported wines and spirits to ensure ec companies have a chance to win contracts for the building of a new international airport and to simplify certification and safety checks on imported cars ec officials say these tactics yield some benefits but often the japanese announce modifications of their non tariff barriers which open the door to imports by only a token amount they stress however that any action must be taken by the ec as a whole to stop beggar my neighbour action one of the problems britain could face if it were to withdraw licences for japanese banks would be that the bankers would be welcomed with open arms in frankfurt or amsterdam they point out reuter" }, { "label": 2, "text": "morgan crucible says prospects are encouraging morgan crucible co plc mgcr l said the prospects for were encouraging with orders and sales significantly up on last year in all divisions it said there were good opportunities for growth in both existing and recently acquired businesses as well as for growth by acquisition in related areas it earlier announced a mln stg rise in pre tax profit to mln stg for the year to december turnover rose to mln from mln most of its companies performed well despite a slowdown in the u s u k and australian economies in the first half currency fluctuations reduced pretax profit by around one mln stg it noted morgan said although profits in the electronics sector improved to mln stg from stg previously results were nonetheless disappointing sales were lower than expected due mainly to delayed defence orders and cancellations however it said it had taken the necessary remedial action obtained new business and was now proceeding with the delivery of major delayed orders morgan shares firmed two pence to p at gmt from p at friday s close reuter" }, { "label": 2, "text": "morgan crucible pretax profit rises mln stg year to december shr p vs p div p vs p making p vs p turnover mln stg vs mln pretax profit mln vs mln tax mln vs mln operating profit mln vs mln investment income mln vs mln net finance charges mln vs mln company full name is morgan crucible co plc mgcr l minorities and provisions for preference dividends mln vs mln extraordinary debit mln vs mln credit operating profit includes carbon mln vs mln technical ceramics mln vs mln thermal ceramics mln vs mln speciality chemicals mln vs mln electronics mln vs mln reuter m" }, { "label": 5, "text": "kenya devalues shilling by pct against sdr kenya devalued the shilling by pct against the special drawing right sdr in response to the decline of the dollar last last week bankers said the central bank of kenya set the shilling at to the sdr compared with the rate in force since the last devaluation on march the kenyan shilling has lost pct of its value against the sdr this year in a series of devaluations designed to keep the value of the dollar above shillings reuter" }, { "label": 0, "text": "williams details acceptances of norcros offer williams holdings plc said that it had received acceptances for its offer for norcros plc ncro l from the holders of norcros ordinary shares or pct and preference shares or pct before the mln stg contested bid was launched last month williams held ordinary shares or pct and since then it had acquired options to buy a further mln or pct the offer has been extended to april norcros shares eased p to p on the announcement while williams fell to p from p reuter" }, { "label": 4, "text": "commonwealth bank cuts australia prime to pct the commonwealth bank of australia said it will lower its prime lending rate to pct from effective april the bank s new rate will be the lowest of australia s current prime rates they now range from pct to after a recent series of reductions since late march following an easier trend in short term money market rates two of the three other major trading banks now have prime rates of pct and one of the commonwealth s move reverses an increase from pct in early february reuter" }, { "label": 0, "text": "hepworth sells u s unit to globe machine hepworth ceramic holdings plc hepc l said it had agreed to sell its western plastics corp unit to globe machine manufacturing co for mln dlrs cash western which makes polystyrene foam and container products has net assets of mln dlrs and reported a pre tax profit of mln the proceeds of the sale would be used to reduce borrowings and develop activities in the u k hepworth shares eased p on the announcement to p reuter" }, { "label": 0, "text": "bond corp to acquire pct of merlin pete bond corp holdings ltd bona s said it has agreed to acquire an pct stake in merlin international petroleum corp from crowley maritime corp for mln u s dlrs of this total mln dlrs is due on exchange of contracts on april and mln on july subject to any regulatory approvals being obtained bond said in a statement the balance of mln dlrs will be paid as required by merlin for its exploration and production commitments it said bond said merlin has a pct working interest plus a pct reversionary interest in the papua new guinea permit ppl the site of the iagifu oil discovery merlin also has a pct stake in the adjacent papuan basin permit ppl which contains the juha gas and condensate discovery in addition to papua new guinea merlin has petroleum exploration and production interests in the u s bond added reuter" }, { "label": 0, "text": "blue arrow to buy u s richards companies blue arrow plc said it had agreed terms to acquire a group of u s companies collectively known as the richards companies which specialise in executive recruitment and management consultancy on personnel matters the total consideration will be mln u s dlrs of which pct will be payable in cash and pct by the issue of mln new ordinary shares in blue arrow the richard companies made a pre tax profit of mln dlrs in the year to end on turnover of mln dlrs with net tangible assets at the end of of mln dlrs blue arrow shares were trading p lower at this morning reuter" }, { "label": 0, "text": "borg warner agrees to buyout by merrill lynch firm borg warner bor corp facing an unwanted offer from gaf corp gaf agreed to a billion dlr buyout offer from a company to be formed by merrill lynch capital partners inc borg warner and merrill said yesterday they entered a definitive merger agreement under which a subsidiary of the new company av holdings corp will begin a dlr per share cash tender offer today for mln shares or pct of borg warner common stock the offer will be followed by a merger in which each remaining share will be converted into dlrs cash and dlrs principal amount of av holdings junior subordinated discount debentures as a result of the merger borg warner will become a wholly owned subsidiary of av holdings a borg warner spokeswoman said members of management do not plan to participate in the transaction but they will retain their positions with the company a spokesman for gaf was unavailable for comment gaf holds pct of borg warner s shares gaf had said it would offer dlrs per share borg warner s spokeswoman said the company still plans to sell its financial services unit which includes wells fargo security guards and the chilton corp a credit rating service borg warner has been the focus of takeover speculation for about a year corporate raider irwin jacobs last year proposed a takeover of the firm and until recently held pct of the stock following the gaf offer analysts had calculated breakup values for the company in the low dlrs per share range and speculated an offer would have to be sweetened in its statement borg warner said its board endorsed the merrill offer and it recommended that shareholders tender their shares the board received opinions on the offer from its advisors first boston corp and goldman sachs and co james burke president of merrill lynch capital partners said we are very pleased to have entered into this transaction with borg warner we are looking forward to working with the employees of borg warner and to borg warner maintaining its strong presence in the chicago community merrill lynch will be the dealer manager for the offer which expires at midnight edt may gmt may subject to conditions including the completion of necessary financing arrangements the offer is also subject to a minimum mln shares or pct of the outstanding shares being tendered merrill lynch and certain affiliates have committed to provide mln dlrs in av holdings equity and mln in subordinated financing and forward underwriting commitments merrill lynch said that following discussions with commercial banks it is confident it can obtain the rest of the financing required to complete the transaction the junior subordinated discount debentures to be issued in the merger will carry a pct coupon and will begin paying cash interest after five years the debentures will be redeemable at the company s option for the first six years at pct during the seventh year at pct and after that at pct of the principal amount the junior subordinated discount debentures have a maturity of years and are entitled to a sinking fund commencing in the th year designed to retire pct of the issue before maturity borg warner will also redeem all of its outstanding dlrs cumulative preferred stock series a for dlrs per share holders who wish to participate in the offer must first convert their preferred stock into borg warner common stock the board of borg warner has also taken steps to redeem its poison pill or share purchase rights for five cents per right effective immediately reuter" }, { "label": 2, "text": "credit commercial de france splits shares french commercial bank credit commercial de france has split each of its shares into four to increase the number of shares on offer when it is privatised at the end of this month a company official said he told reuters a general assembly had passed a proposal splitting mln shares of francs nominal into around mln shares of francs nominal market sources have put the total value of ccf s selloff at between four and five billion francs the bank said the share sale price was likely to be announced on april before the launch of a public flotation offer on april reuter" }, { "label": 2, "text": "glaxo pre tax profit mln stg vs mln in six months to end december" }, { "label": 0, "text": "hillsdown buys bedding companies for mln dlrs hillsdown holdings plc hldn l said its christie tyler ltd unit would buy the european bedding making interests of simmons co u s a owned by gulf and western industries inc usa gw for mln dlrs the acquisitions include sleepeeze ltd in the u k compagnie continentale simmons sa in france and compagnia italiana simmons spa in italy in the three businesses made pre tax profit of around mln stg on sales of mln stg net assets being acquired come to around nine mln stg hillsdown shares were unchanged at p reuter" }, { "label": 2, "text": "glaxo profits up sharply dividend raised six months to end december shr p vs p div p vs p pre tax profit mln stg vs mln turnover mln vs mln tax mln vs mln note company full name is glaxo holdings plc glxo l trading profit mln vs mln share of profits of associates mln vs seven mln investment income less interest payable mln vs mln profit after tax mln vs mln minority interests two mln vs one mln extraordianry credit eight mln vs nil turnover includes continuing activities mln vs mln discontinued activities eight mln vs mln u k mln vs mln europe mln vs mln north america mln vs mln central and south america mln vs mln africa and middle east mln vs mln south east asia and far east mln vs mln australasia mln vs mln anti peptic ulcerants mln vs mln systemic antibiotics mln vs mln respiratory system mln vs mln reuter" }, { "label": 0, "text": "takeover battle for dome petroleum begins a takeover battle began today for debt burdened dome petroleum ltd dmp mo as transcanada pipelines ltd trp to announced a billion dlr offer and dome said it is continuing talks with other possible buyers companies mentioned in market speculation as potential buyers for dome include imperial oil ltd imo a which is pct owned by exxon corp xon n pancanadian petroleum ltd which is pct owned by the conglomerate canadian pacific ltd cp n and british petroleum co plc bp l along with the transcanada offer dome has had another proposal from a substantial company and discussions with a third company which could lead to an offer dome said in a statement the statement confirmed dome received transcanada s bid but did not identify the companies involved in talks transcanada canada s largest natural gas pipeline operator said it is offering dome a package of cash common and preferred shares and shares in a new subsidiary which would own and operate dome s assets transcanada said the offer is to dome management not to shareholders dome has massive oil and gas landholdings in canada totalling mln acres of which mln have been developed it also has tax credits worth about billion dlrs dome s statement said the transcanada announcement violated the terms and spirit of a confidentiality agreement entered into with prospective purchasers and was apparently timed to prevent dome from considering other proposals it said the transcanada bid seems to require favourable and substantial taxation concessions from the federal and provincial governments but dome added that its management and financial advisers will evaluate all proposals transcanada chief financial officer h neil nichols said he was surprised at the vehemence of dome s statement and denied that transcanada was trying to usurp other bids i find dome s statement very bothersome once the board made the decision to authorise the proposal it had a legal obligation to announce it he said nichols said he did not know the identity of the other bidders or the terms of other offers dome common shares closed at dlrs on friday on the toronto stock exchange the preferred class a stock closed at dlrs common stock traded as high as dlrs in reuter" }, { "label": 5, "text": "bank of japan to sell billion yen in bills the bank of japan will sell billion yen in deficit financing bills today through day repurchase agreements maturing june to help absorb a projected money market surplus money traders said the operation will raise the outstanding supply of the bills to a record billion yen the yield on the bills for sale to banks and securities houses from money houses will be pct compared with the two month commercial bill discount rate today of pct and the two month certificate of deposit rate of pct the traders estimated the surplus today at about billion yen they said it is mainly due to billion yen of government tax allocations to local governments and public entities and to excessive banking system cash holdings due to continuous large central bank dollar purchases reuter" }, { "label": 5, "text": "u k money market given mln stg assistance the bank of england said it had provided the money market with mln stg help in the morning session this compares with the bank s estimate that the system would face a shortage of around mln stg today the central bank bought bank bills outright comprising two mln stg in band two at pct mln stg in band three at pct and mln stg in band three at pct reuter" }, { "label": 2, "text": "deposit guaranty corp deps st qtr net shr dlrs vs dlrs shr diluted dlrs vs dlrs net vs reuter" }, { "label": 0, "text": "computer associates ca starts bpi bpii bid computer associates international inc said it has started its previously announced dlr per share tender offer for all shares of bpi systems inc in a newspaper advertisement the company said the offer which has been approved by the bpi board and is to be followed by a merger at the same price is conditioned on receipt of at least shares the offer and withdrawal rights expire may unless extended in addition to shares sought in the tender shareholders of bpi owning shares or pct have agreed to sell their shares to computer associates for the tender price reuter" }, { "label": 2, "text": "king world productions inc kwp nd qtr feb shr cts vs eight cts net vs revs mln vs mln st half shr cts vs cts net mln vs revs mln vs mln reuter" }, { "label": 2, "text": "blue circle profits dividend rise year to end december shr p vs p div p making p vs p pretax profit mln stg vs mln turnover billion vs mln tax mln vs mln note company full name is blue circle industries plc bcil l company said it proposes one for one capitalisation issue gross profit mln vs mln distribution costs mln vs mln administrative expenses mln vs mln other operating income mln vs mln share of profits of related companies mln vs mln operating profit mln vs mln net interest payable mln vs mln exceptional items mln debit vs mln debit minorities mln vs mln extraordinary items after tax mln vs mln pretax profit includes u k mln vs mln u s mln vs mln mexico mln vs mln australasia mln vs mln africa mln vs mln reuter" }, { "label": 0, "text": "crazy eddie crzy may make acquisition crazy eddie inc said it is negotiating for the possible acquisition of benel distributors ltd which operates crazy eddie record and tape asylums in all crazy eddie stores it said the acquisition would probably also include affiliate disc o mat inc which operates a number of record and tape stores in the new york metropolitan area other details were not disclosed reuter" }, { "label": 0, "text": "crazy eddie crzy sets defensive rights crazy eddie inc said its board has adopted a defensive shareholder rights plan and said it has received friendly inquiries on its acquisition it said under the plan shareholdrs of record as of april will receive a right to purchase under certain circumstances at a price of dlrs preferred share for each common share held the rights will expire april nine the company said the rights would be exercisable business days after a party were to acquire pct or more of crazy eddie common stock or announce a tender or exchange offer that would result in ownership of pct or more crazy eddie said if a party owning pct or more of its stock were to merge into it or if a party were to acquire pct or more of crazy eddie stock right holders other than the acquiring party would be entitled to acquire common shares or other securities or assets with a market value equal to twice the rights exercise price if after a party acquired pct or more of its stock crazy eddie were acquired or pct of its earnings power or assets sold rightholders other than the acquirer would be entitled to buy shares of the acquirer s common stock worth twice the rights exercise price the company said crazy eddie said if a party were to acquire pct or more of its common stock and then fail to acquire crazy eddie within days thereafter rightholders would be entitled to exchange their crazy eddie common stock for subordinated notes of crazy eddie maturing either one year or above a certain dollar limt five years after issuance crazy eddie said adoption of the plan is not in response to any known effort to acquire control of it but the company said it has become aware of some possible accumulations of its stock has has received some friendly inquiries reuter" }, { "label": 5, "text": "zambia s kwacha falls at weekly auction the zambian kwacha fell at this week s foreign exchange auction to kwacha to the dollar from last week s the bank of zambia said the rate was the lowest since the auctions resumed two weeks ago under a new two tier exchange rate system worked out with the world bank and international monetary fund the bank of zambia said it received bids ranging from to kwacha for the six mln dlrs on offer one hundred and thirty five bids were successful a british high commission spokesman said britain would put eight mln stg into the auction at a rate of one mln a week as soon as zambia reached a full agreement with the imf the money could be spent only on goods produced and supplied by british firms excluding luxuries and defence equipment the spokesman added reuter" }, { "label": 4, "text": "u s senate leader calls for interest rate cuts senate finance committee chairman lloyd bentsen d tex called on major industrial countries to make a pledge at the coming economic summit in venice to cut interest rates i think at the summit meeting in venice what we ought to be trying to do is to get the other major industrial nations that are involved to bring interest rates down say one pct bentsen told nbc television s meet the press bentsen said coordinated rate cuts could take billions off the debt service of the latin countries and help ease protectionist pressures in the industrial countries bentsen also south korea and taiwan should be pressured to revalue their currencies in relation to the u s dollar you take the taiwanese with an enormous capital surplus enormous trade surplus and we ve had very little cooperation there he said departing deputy treasury secretary richard darman told the same television network he agreed that the u s dollar had not fallen enough against the currencies of some countries i think that more does have to be done there in negotiations with the countries involved the so called nics newly industrialized countries he said darman said such negotiations with newly industrialized countries were underway privately bentsen predicted congress and the white house would agree on a fiscal budget that would raise between and billion dlrs in new revenues the texas senator said a series of excise taxes would be considered by congress including an extension of the telephone tax and new levies on liquor and cigarettes bentsen said he supported an oil import fee but that it would not happen without president reagan s support darman called for a top level negotiation between the white house and congress on a budget compromise that would include asset sales some excise taxes cuts in middle class entitlement programs a reasonable steady rate of growth in defense and reform of the budget process reuter" }, { "label": 0, "text": "offer for dome may short circuit its debt talks a billion dlr offer for dome petroleum ltd dmp mo by transcanada pipelines ltd trp to may short circuit dome s restructuring plan and open the door for more takeover bids oil analysts said dome is trying to get approval for a plan to refinance debt of more than billion dlrs by july when an interim debt plan that allowed the canadian oil and gas firm to defer substantial payments to creditors will expire analysts said transcanada s bid signals dome s debtholders that an alternative exists to dome s debt plan dome announced its plan to major creditors as well as public noteholders in march after several months of delicate negotiations transcanada s proposal amounts to a quasi debt restructuring oil analyst doug gowland of brown baldwin nisker ltd said from toronto calgary based dome s restructuring plan would allow creditors to convert debt to common shares under a formula yet to be negotiated payments on remaining debt would be linked to cash flow generated by assets pledged against the debt the weakness of the whole debt refinancing proposal is that even with approval of creditors there is no assurance that dome will in fact be able to repay all of its debt obligations said wilf gobert an oil analyst for peters and co ltd in calgary transcanada s announcement came as a surprise since dome was waiting for responses from creditors on its proposed refinancing packages gobert said the transcanada proposal could open the bidding for dome since other potential buyers were probably waiting for lenders to agree to a restructuring he added i would think that the debtholders would want to entertain any and all offers for dome gobert said dome spokesman david annesley said in new york that transcanada s announcement could be seen as an attempt to fix the bidding price for dome and an effort to preclude other possible buyers from making an offer by drawing attention to us in our discussions it means that others may be a little reluctant to come forward he said dome does not consider transcanada s proposal a formal offer because the pipeline utility s announcement breached a confidential agreement between the two companies he said dome responded to the statement by suspending discussions with transcanada in order to pursue talks with other unidentified parties however dome said its management and financial advisers would evaluate all proposals including transcanada s gowland said transcanada s offer is probably a fair price for the company s mln acres of oil and gas land holdings however he said not enough financial details are known about dome s debt restructuring to compare the value of transcanada s proposed offer reuter" }, { "label": 0, "text": "sosnoff raises bid for caesars world caw investor martin t sosnoff said he has raised his offer for caesars world inc shares to dlrs each from dlrs and has reduced the number of shares he is seeking to mln from all those not already owned in a newspaper advertisement sosnoff said the bid by his mts acquisition corp withdrawal rights and the proration period will now expire june unless extended the offer had been scheduled to expire may in late march sosnoff said he had received a negligible number of shares in response to the offer which had been rejected by caesars as inadequate sosnoff already owns about four mln of caesars mln common shares now outstanding or a pct interest on a primary basis last week caesars board approved a recapitalization plan as an alternative to the sosnoff offer under which shareholders would receive a special dividend of dlrs per share subject to approval by shareholders at a special meeting to be held in june the company planned to borrow mln dlrs and sell mln dlrs in debt to finance the payout sosnoff said in the newspaper advertisement that the amended offer is conditioned on receipt of enough shares to give him a majority interest on a fully diluted basis and on the arrangement of financing as well as to approvals by new jersey and nevada gaming authorities he said the tender would be the first step in acquiring all of caesars shares and if successful would be followed by a merger transaction sosnoff said later in a statement that the mln shares he is now seeking together with the shares he owns would give him a pct interest on a fully diluted basis he said he still has received only a negligible number of shares in response to his tender in a letter to caesars chairman henry gluck included in the statement sosnoff said gluck had again refused on april to meet with him even though he had said he was willing to increase the price of his offer sosnoff said the financing for the offer is almost fully in place sosnoff said painewebber group inc pwj has now delivered to him commitments to purchase up to mln dlrs of increasing dividend cumulative exchangeable preferred stock of mts holding corp an indirect parent corporation of mts acquisition he said marine midland banks inc mm which leads a syndicate that has provided commitments for a mln dlr margin facility believes it will be able to arrange for further commitments under the margin facility to advance up to an additional mln dlrs that may be needed to permit the purchase of shares under the offer sosnoff said under the merger that would follow his tender each of the caesars shares not covered by the offer or pct on a fully diluted basis would be converted into series a preferred stock valued at dlrs per shareby an independent investment baking firm he said to the extent that fewer than sdhares are purchased in the offer the stockholders would receive a combination of cash and series a preferred stock having a value of dlrs per share of caesars sosnoff said he believes terms of his offer are superior to caesars recapitalization sosnoff said he will be meeting this week with gaming officials in nevada in an effort to expedite the investigatory process required for regulatory approval a process that it already underway in new jersey he said his offer has been extended based on the likely duration of the regulatory process he said he intends to further extend the offer if the approval process is not completed by the expiration date reuter" }, { "label": 2, "text": "compact video inc cvsi o year loss shr loss cts vs loss two cts net loss vs loss revs mln vs mln note results for months ended dec and eight months ended dec because of the acquisition of brooks drug in september and the company s change of fiscal year prior year results are not comparable compact video explained reuter" }, { "label": 2, "text": "neworld bank for savings nwor st qtr net oper shr cts vs cts oper net vs note net excludes dlr tax credit reuter" }, { "label": 0, "text": "usair to buy pct of mln piedmont shares tendered" }, { "label": 2, "text": "merrill lynch first qtr shr one dlr vs cts" }, { "label": 2, "text": "merrill lynch and co mer st qtr net shr primary one dlr vs cts shr diluted cts vs cts net mln vs mln rev billion vs billion reuter" }, { "label": 0, "text": "corona icr to favors royex rgm to offer international corona resources ltd said its board of directors believes that terms of royex gold mining corp s previously announced offer are fair and reasonable but it decided it will make no recommendation on the offer to its shareholders royex on march offered to buy four mln corona shares for each corona share it offered four dlrs cash one series b share of royex one series c share of royex and one share purchase warrant it also bid for all corona warrants expiring aug reuter" }, { "label": 0, "text": "s atlantic soaf o independence inho o merge south atlantic financial corp said it has agreed in principle to merge with independence holding co into a new company to be called safco international ltd it said each south atlantic share would be exchanged for one safco share and each independence share for safco shares independence now owns about pct of south atlantic s mln primary common shares south atlantic said said its chairman and chief executive officer sheldon s gordon would have the same posts with safco and independence president ronald g strackbein would be president of safco the company said the transaction is subject to execution of definitive agreements the receipt of fairness opinions from investment banks and approval by boards and shareholders of both companies it said proxy materials are expected to be maioled this quarter both south atlantic and independence are insurance companies reuter" }, { "label": 2, "text": "home federal upper east tennessee hfet st qtr shr cts vs not given net vs note company went public in fourth quarter of home federal savings and loan association of upper east tennessee reuter" }, { "label": 0, "text": "p h glatfelter co says it will buy ecusta corp for mln dlrs in cash" }, { "label": 2, "text": "family health systems inc fhsy nd qtr feb shr profit one ct vs nil net profit vs profit revs vs avg shrs mln vs nine mln six mths shr loss nil vs loss one ct net loss vs loss revs vs reuter" }, { "label": 2, "text": "international business machines corp ibm net st qtr shr dlrs vs dlrs net mln vs billion gross income billion vs billion avg shrs mln vs mln note pretax net billion vs billion sales billion vs billion maintenance gross income billion vs billion program products gross income billion vs billion and rentals and other services mln vs billion reuter" }, { "label": 0, "text": "usair u reports final proration factor usair group inc said in announcing the final proration factor for its tender offer for piedmont aviation inc pie that mln shares or pct of the shares were validly tendered usair said it has purchased and will pay for mln shares representing about pct of those tendered reuter" }, { "label": 5, "text": "u k money market given further mln stg help the bank of england said it provided the market with a further mln stg assistance this afternoon bringing its total assistance on the day to mln stg shortly before the bank said it had revised its estimate of the shortage up to mln stg from the earlier forecast of mln during the afternoon the bank bought mln stg of band two bank bills at pct and two mln stg of local authority bills plus mln stg of bank bills in band four at pct these rates were in all cases unchanged from previous intervention levels reuter" }, { "label": 2, "text": "goodyear gt predicts first quarter net goodyear tire and rubber co said it expects to report earnings from continuing operations of over one dlr per share on mln average shares outstanding in last year s first quarter the company lost mln dlrs or cts per share on mln shares outstanding after a mln dlr writedown of oil reserves of its celeron corp unit goodyear said it will report first quarter results april goodyear chairman robert e mercer also told the annual meeting that unless there is a major downturn in the economy it expects to work its debt down to normal levels in three years through its restructuring and cash flow from improved margins the company set up its restructuring program to fend off a hostile takeover attempt by sir james goldsmith as part of the restructuring goodyear executed a major stock buyback program that resulted in an increase in its debt reuter" }, { "label": 7, "text": "trade issues straining ec s patience with japan member states of the european community are starting to run out of patience with japan which they believe has repeatedly promised major initiatives to open its market to imports but as often made only minor moves diplomatic sources here said several recent actions by ec countries bear witness to a new disillusionment with the willingness or at least the ability of the japanese government to reduce its massive trade surplus with the ec however they said an all out trade war may be far off as ec states know they would suffer almost as much as japan senior ec diplomats gave a generally favourable reaction to an ec executive commission proposal under which the ec could raise tariffs on a range of japanese products if the u s carries out a threat to make a similar move on april the ec tariffs which would involve renouncing obligations entered into with the world trade body gatt would be designed to stop a diversion of exports to the ec market from that of the u s the diplomats were meeting as tokyo announced that the ec s trade deficit with japan reached a record billion dlrs in march up from billion in february reuter" }, { "label": 7, "text": "ec could decide on japan trade moves in late may the european community ec has effectively given japan six weeks to take moves to open its market to imports before it decides on possible tough retaliatory trade measures ec diplomats said they said ec foreign ministers will meet on may and to review the state of trade relations between the two sides the ec executive commission was asked by representatives of member states on friday to propose a renunciation of some ec pledges to the world trade body gatt unless there are adequate and early measures to open the japanese market such a renunciation would be the first step to imposing stiff increases in duties or quantitative limits on japanese exports the diplomats said it was unlikely that the issue would be discussed in detail at the next meeting of ec foreign ministers on april and in luxembourg as time was needed to prepare proposals for possible retaliatory action they said the commission has powers to take some limited action before getting ministerial approval to prevent japanese exports of electrical photographic and other goods being diverted to europe following of possible u s tariff moves in may the ministers are also likely to discuss how to prevent japan from getting an extra trading advantage as a result of spain and portugal joining the bloc which obliges them gradually to reduce tariffs on many industrial goods japan s trade surplus with the community has grown steadily registering a record billion dlrs in march reuter" }, { "label": 0, "text": "p h glatfelter glt acquiring ecusta p h glatfelter co said it has reached an agreement to acquire all the capital stock of ecusta corp for dlrs in cash glatfelter a printing and writing paper maker said ecusta operates an uncoded three sheet and light weight specialty paper mill in pisgah forest n c the mill produces and converts paper products used by the doemstic and foreign tobacco industry glatfelter said it expects to close the deal by may reuter" }, { "label": 2, "text": "ncr corp st qtr shr cts vs cts" }, { "label": 2, "text": "first marathon fms a to plans stock split first marathon inc said it planned a two for one stock split to be effective on shareholders approval at the june annual meeting the financial services company said it also completed the previously reported mln dlr private placement of mln non voting preferred shares convertible one for one into non voting class a shares reuter" }, { "label": 2, "text": "u s bancorp usbc st qtr net shr cts vs cts net mln vs mln avg shrs mln vs mln reuter" }, { "label": 2, "text": "ibm ibm has higher shipments costs in qtr international business machines corp said shipments and revenues were higher in the first quarter but net earnings fell pct in part due to higher expenses ibm said net income fell to mln dlrs or dlrs a share from billion dlrs or dlrs on about pct fewer shares outstanding while total sales and income rose pct to billion dlrs from billion dlrs costs and expenses rose pct to billion dlrs from billion in the quarter the computer maker said the company said it continues to take actions to make it more competitive including cost and expense reduction measures although the worldwide economic situation remains unsettled there are some encouraging signs in our business ibm said in a statement in addition to the increase in first quarter shipments we have announced new offerings in our large processor and personal computing product lines it said we have yet to fully benefit from our recent product announcements retirement incentives and other resource balancing measures and we expect these actions will have a more significant impact as progresses the company added it said it expects more than u s employees to take advantage of the retirement incentives announced last year pretax earnings fell pct to billion dlrs from billion ibm said pretax margins slipped to pct in from pct in it said reuter" }, { "label": 2, "text": "lindberg corp lind st qtr net shr cts vs cts net vs sales mln vs mln avg shrs mln vs mln note net includes a gain of dlrs or two cts a share from proceeds from the sale of property reuter" }, { "label": 2, "text": "ncr corp ncr st qtr net shr cts vs cts net mln vs mln revs billion vs mln avg shrs mln vs mln reuter" }, { "label": 4, "text": "fhlbb changes short term discount note rates the federal home loan bank board adjusted the rates on its short term discount notes as follows maturity new rate old rate maturity days pct pct days days pct pct days days pct pct days days pct pct days days pct pct days reuter" }, { "label": 2, "text": "galileo electro optics corp gaeo nd qtr shr cts vs cts net mln vs revs mln vs mln six months shr cts vs cts net mln vs mln revs mln vs mln avg shrs mln vs mln note quarter ended march six months includes charge of dlrs due to reversal of investment tax credits reuter" }, { "label": 0, "text": "boston five bfcs o neworld nwor o to merge boston five cents savings bank said it and neworld bank for savings have agreed to merge forming a new holding company boston five bancorp boston five said the proposal calls for its holders to receive shares of the new company s stock for each share now held and for neworld bank holders to recieve one share for each share held in a tax free exchange boston five said the planned merger with newworld bank for savings will create the largest savings bank in massachusetts and the third largest in new england with combined assets of billion dlrs boston five chairman robert j spiller said there is a natural fit between both banks we consider this to be a merger of equals spiller will become chairman of boston five bancorp and neworld president james m oates will be president and chief executive officer boston five said its president peter j blampied will become vice chairman and chief operating officer of the holding company the board of the holding company will have an equal number of directors from each institution unlike many recent combinations this merger has no acquisition premium associated with it blampied said boston five has assetsof billion dlrs and officers neworld has assets of billion dlrs and officers in massachusetts it also has a loan center in new hampshire reuter" }, { "label": 2, "text": "coopervision eye forms recapitalization plan coopervision inc said it is preparing a recapitalization plan which includes a common stock repurchase program and an exchange of debt securities for common stock the plan along with a proposal to change its name to cooper cos inc will be submitted for shareholders approval at the company s annual meeting on june the meeting had been postponed from its original date of may in order to let management review recapitalization options it said in addition coopervision said operating income in its current fiscal quarter ending april is expected to show an improvement over its prior fiscal quarter s mln dlrs and its year ago quarter income from continuing operations was not immediately availalbe for the prior year s second quarter in which it reported a net loss of mln dlrs at a drexel burnham lambert investor conference coopervision chairman parker montgomery said as previously announced he will listen to any bid that makes sense for shareholders he also said coopervision s stock fell in due to its second quarter loss rumors of a liquidation at dlrs and dlrs a share and ivan boesky s subsequent sale of his position the stock dropped six dlrs in three days after boesky sold his position and has never recovered montgomery said the company s stock is currently trading at montgomery further told the conference don t be an investor in the stock on the basis of any short term recovery in operating or net income in and our concentration is on maintaining or increasing market share in our core businesses this year and next regardless of the impact to the bottom line he said reuter" }, { "label": 2, "text": "reebok international limited rbk st qtr shr cts vs cts net mln vs mln revs mln vs mln avg shrs mln vs mln note st quarter amounts do not includes sales of avia group international inc acquired at the end of the first quarter st quarter revenues include rockport revenues of mln dlrs st quarter amounts do not include rockport as reebok acuqired that company in october reuter" }, { "label": 2, "text": "blount inc blt th qtr net oper shr cts vs three cts oper net vs revs mln vs mln avg shrs mln vs mln year oper shr cts vs cts oper net vs revs billion vs billion avg shrs mln vs mln note prior year net excludes gains dlrs in quarter and dlrs in year from termination of overfunded pension plans backlog billion dlrs vs mln dlrs reuter" }, { "label": 5, "text": "u k money market given late help of mln stg the bank of england said it gave the market late assistance of around mln stg bringing its total help on the day to some mln stg this compares with the bank s estimate of the liquidity shortage of around mln stg raised from its early forecast of mln stg reuter" }, { "label": 0, "text": "blue arrow to acquire richards consultants blue arrow plc said it signed an agreement to acquire richards consultants ltd for mln dlrs in cash and securities richards is a privately owned new york based executive recruitment firm as part of the agreement blue arrow said the four principal shareholders who manage richards will enter into long term service contracts with it the agreement is subject to approval of blue arrow shareholders reuter" }, { "label": 2, "text": "merry go round mgre sets stock split merry go round enterprises inc said its board declared a three for two stock split payable may one to holders of record april reuter" }, { "label": 2, "text": "irving bank corp st qtr shr dlrs vs dlrs" }, { "label": 2, "text": "irving bank corp v st qtr net shr dlr vs dlr net mln vs mln assets billion vs billion deposits billion vs billion loans billion vs billion reuter" }, { "label": 2, "text": "o sullivan corp osl st qtr net shr cts vs cts net vs rev mln vs mln note the earnings per share adjusted for a four for three stock distribution paid may reuter" }, { "label": 4, "text": "french week t bill average rate rises to pct from pct official" }, { "label": 2, "text": "park communications inc parc st qtr net shr cts vs cts net vs revs mln vs mln reuter" }, { "label": 2, "text": "nvhomes nvh sets split payment date nvhomes lp said april will be the distribution date for new units as a result of its previously announced two for one split to unitholders of record april reuter" }, { "label": 2, "text": "berkey inc bky th qtr net greenwich conn april oper shr profit one cent vs loss cts oper net profit vs loss revs mln vs mln mths oper shr loss dlrs vs loss cts oper net loss mln vs loss revs mln vs mln note qtr excludes profit dlrs or cts per share from discontinued operations and excludes loss dlrs or cts per share for net operating loss carryforward mths excludes discontinued operations loss dlrs or three cts per share mths excludes discontinued operations gain dlrs or dlrs per share and excludes gain dlrs or cts per share for net operating loss carryforward reuter" }, { "label": 0, "text": "dillard department stores agrees to buy two allied stores units for mln dlrs cash" }, { "label": 2, "text": "chemical new york corp st qtr shr dlrs vs dlrs" }, { "label": 4, "text": "bankers trust bt raises broker loan rate bankers trust co said it is raising its broker loan rate to pct from pct effective immediately u s trust co the only other bank to publicize its broker rate was already posting pct reuter" }, { "label": 0, "text": "pentland to reduce reebok rbk holdings pentland industries plc said it report a substantial capital gain from the sale of part of its holdings in reebok international limited which will cut its stake in reebok to pct from pct it said reebok filed a registration statement with the securities and exchange commission for the offering of six mln shares of reebok common reebok will sell three mln shares and pentland will sell shares reducing its stake in reebok to mln from mln shares after the offering reebok will have mln shares shares outstanding pentland said the amount of the capital gain from the sale depends on the offering price for the reebok shares to be negotiated between it reebok and the other selling stockholders who will offer about mln shares of reebok common and the underwriters pentland said proceeds from the offering will be used by reebok to retire bank debt incurred in its acquisition of avia group for about mln dlrs is said that afterwards reebok will have bank credit lines available for general corporate purposes including possible acquisitions reebok s stock was selling at up at that price the mln reebok shares pentland will sell are worth about mln dlrs and the three mln shares reebok will sell are worth about mln dlrs pentland said it will use proceeds to fund growth and possible acquisitions pentland said shares of rebbok will be offered in the u s by a syndicate led by kidder peabody and co inc and shares will be offered outside the u s by an international syndicate led by kidder it said the u s underwriters have been granted an option to buy from certain selling stockholders up to an additional shares to cover overallotments pentland said it has not chosen to participate in this over allotment pentland said that as soon as the date and price of the offering have been determined it will release further details it said it expects the offering to close in may reuter" }, { "label": 2, "text": "national westminster bank plc st qtr net net mln vs mln note national westminster bank plc subsidiary loan loss provision mln vs mln investment securitiesd gaons dlrs vs dlrs figures in dollars reuter" }, { "label": 2, "text": "irving bank v cites loans in earning decline irving bank corp said the decline in its first quarter earnings to mln dlrs from mln dlrs in the year ago period were due to the placement on a non accrual basis of mln dlrs and mln dlrs of medium and long term loans to borrowers in brazil and equador excluding the impact of the non accrual loans irving said its first quarter net income would have rose pct to mln and per share amounts would have risen eight pct to dlr in the first quarter the bank reported earnings per share of dlr compared to dlr in the same period last year reuter" }, { "label": 2, "text": "chemical new york corp chl st qtr net shr dlrs vs dlrs net vs avg shrs vs assets billion vs billion loans billion vs billion deposits billion vs billion return on assets pct vs pct return on common equity pct vs pct note qtr net reduced by mln dlrs because billion dlrs of brazil loans were placed on non accrual reuter" }, { "label": 2, "text": "afg industries inc afg st qtr net shr primary cts vs cts shr diluted cts vs cts net vs revs mln vs mln avg shrs primary vs reuter" }, { "label": 2, "text": "new milford savings bank st qtr net shr cts vs cts net vs note includes five ct shr charge from loan loss provision reuter" }, { "label": 2, "text": "h f ahmanson and co ahm st qtr net shr cts vs cts net vs revs mln vs mln avg shrs vs loans billion vs billion deposits billion vs billion assets billion vs billion note prior qtr per shr figure adjusted for three for one stock split of may reuter" }, { "label": 5, "text": "fed expected to set three day repurchase pacts the federal reserve is expected to enter the u s government securities market to add temporary reserves directly by arranging three day system repurchase agreements economists said they said the fed may add the reserves indirectly instead via a large round two billion dlrs or more of customer repurchase agreements federal funds which averaged a high pct on friday opened at pct and traded between there and pct reuter" }, { "label": 0, "text": "allied stores als sells dillard dds two units dillard department stores inc based in little rock ark and allied stores corp jointly said they entered a definitive purchase agreement for the sale to dillard of the joske s and the cain sloan divisions of allied for mln dlrs cash subject to certain closing adjustments the sale excludes certain real estate assets of joske s and cain sloan which allied estimates have an aggregate value of mln dlrs based on current market conditions joske s has stores in texas and one in arizona cain sloan has four stores in nashville joske s is the largest unit allied has slated for sale in its restructuring allied stores corp a subsidiary of campeau corp was acquired by acquired by the canadian developer last year robert campeau chairman of allied said this is a terrific start to our disposition program which is proceeding well ahead of schedule this sale will fulfill the requirements under our bank agreements to sell certain assets by june and give us additional flexibility in the disposal of the remaining divisions being sold allied stores is required to pay mln dlrs in bank debt by june there had been some doubts on wall street that the company could meet the payment a campeau source said we believe this cash sale puts us in a very strong negotiating position to maximize the proceeds allied can receive from its other divisions allied was able to put itself in a position where it knows it will be able to meet the june payment schedules the source said about bilion dlrs in allied assets had been targeted for sale by dec to pay for the aquisition of allied by campeau allied will be taking bids for its other divisions targeted for sale are bonwit tellers garfinckel s dey s donaldson s herpolsheimer s heer s miller s miller and rhoads pomeroy s catherine s plymouth shops and jerry leonard the divisions provided pct of allied net sales and pct of store profit in fiscal reuter" }, { "label": 2, "text": "ncr ncr continues to expect earnings growth ncr corp earlier reporting higher first quarter profit said it continues to expect that it will report record earnings and revenue for all of our optimism is based on our incoming order rates and the strength of our product lines the company said ncr corp plans additional new product announcements this year it said without elaborating ncr earlier said first quarter profit increased to mln dlrs or cts share from mln dlrs or cts share in the prior year ncr s full year earnings rose to mln dlrs from mln dlrs in the prior year ncr said the increase in first quarter profit resulted from strong revenue growth which was particularly strong in europe and pacific marketing groups growth in u s revenues also improved the company said first quarter revenues increased to billion dlrs from mln dlrs in the prior year ncr s u s dollar value of first quarter worldwide incoming orders posted a very substantial gain over the prior year first quarter ncr also said without giving specific figures order growth was broad based across ncr s product lines with the greatest growth coming from u s it said reuter" }, { "label": 2, "text": "genetics institute inc geni o st qtr loss period ended february shr loss cts vs loss cts net loss vs loss revs vs avg shrs vs reuter" }, { "label": 2, "text": "entre computer etre o closing overseas units entre computer centers inc said it is discontinuing its european and australian operations the company today reported a loss for the second quarter ended february of dlrs after a dlr pretax provision for the shutdown of the overseas units and a dlr tax credit a year earlier it earned dlrs it said the overseas operations lost dlrs in the second quarter and did not appear strong enough to provide for future growth reuter" }, { "label": 2, "text": "entre computer centers inc etre nd qtr loss shr loss cts vs profit cts net loss vs profit revs mln vs mln st half shr loss cts vs profit cts net loss vs profit revs mln vs mln note current year net both periods includes dlr pretax provision for closing overseas operations and tax credits dlrs in quarter and dlrs in half reuter" }, { "label": 2, "text": "merrill lynch mer investment revenues up merrill lynch and co said investment banking revenues were strong in the first quarter rising to mln dlrs from mln in the first quarter we have made steady progress in a period of market activity which has been marked by unprecedented activity william schreyer chairman and cheif executive officer and daniel tully president and chief operating officer said earlier the company reported first quarter net income of mln dlrs or one dlr per share up from mln dlrs or cts per share in s first quarter merrill lynch said its insurance revenues made the biggest gains in the first quarter rising to mln dlrs in the this first quarter from mln dlrs in last year s first quarter reuter" }, { "label": 2, "text": "standard microsystems corp smsc o th qtr net feb end shr profit four cts vs loss nil net profit vs loss revs mln vs mln avg shrs mln vs mln year shr profit four cts vs profit nil net profit vs profit revs mln vs mln avg shrs mln vs mln note net includes tax credits of dlrs vs dlrs in quarter and dlrs vs dlrs in year reuter" }, { "label": 2, "text": "pennsylvania real estate investment trust pei oper shr cts vs cts oper net vs revs vs avg shrs vs st half oper shr cts vs cts oper net vs revs vs avg shrs vs note current year net excludes gains on sale of real estate of dlrs in quarter and dlrs in half period ended february reuter" }, { "label": 2, "text": "allwaste inc alws o nd qtr feb shr profit four cts vs loss one cts net profit vs loss revs mln vs six months shr profit nine cts vs loss four cts net profit vs loss revs mln vs mln avg shrs mln vs mln reuter" }, { "label": 2, "text": "scott and stringfellow scot o rd qtr mar shr cts vs cts net vs revs mln vs mln nine months shr dlrs vs dlrs net mln vs mln revs mln vs mln avg shrs mln vs mln note full name is scott and stringfellow financial corp reuter" }, { "label": 2, "text": "foster fwc unit audit reveals discrepancies foster wheeler corp fwc said an audit of its stearns airport equiment co inc unit revealed substantial discrepancies in stearns accounts that may require material adjustments to previously announce consolidated results of the company and its subsidiaries foster said certain stearn officers and senior management made stearn s operations appear more profitable than they were by improperly recording job costs it said stearn s president and controller had resigned a foster spokesman said he did not know the names of the president and controller and could not immediately comment on the release foster said the amount involved in the discrepancy is about mln dlrs before taxes or about mln dlrs net after tax due to an improper recording of job costs over a period of several years and continuing through part of the first quarter of stearns is a unit of foster s conergic corp subsidiary the company said the impact on its results for was not likely to be significant but the amount to be charged to prior periods had not been determined foster reported after tax earnings of mln dlrs mln dlrs and mln dlrs for and respectively stearns based in crowley texas makes airport baggage conveyor equipment and passenger loading bridges foster a diversified international concern with subsidiaries operating worldwide is based in livingston new jersey its reported revenues for the period ended december of billion dlrs the company said a detailed audit and investigation is continuing a company spokesman declined to comment further on the investigation reuter" }, { "label": 7, "text": "taiwan announces new round of import tariff cuts taiwan announced plans for another round of import tariff cuts on foreign goods shortly before trade talks with washington which officials described as a move to help balance trade with the united states wang der hwa deputy director of the finance ministry s customs administration department told reporters the list of products included items asked by washington the move is part of our government efforts to encourage imports from our trading partners particularly from the united states he said he said the ministry sent a proposal today to the cabinet that the tariffs on such products as cosmetics bicycles apples radios garments soybeans and television sets be cut by between five and pct the cabinet was expected to give its approval next thursday and the new tariff cuts would be implemented possibly starting on april he added taiwan introduced a sweeping tariff cut on some foreign products last january aimed at helping reduce its growing trade surplus with the united states the island s largest trading partner washington however was not satisfied with the cuts and pressed for more reductions as a way of cutting its huge trade deficit with taipei washington s deficit with taipei rose to a record billion u s dlrs last year from billion in it widened to billion in the first quarter of from billion a year earlier taiwan s official figures show today s announcement came before a departure later today of a member taiwan delegation for washington for a series of trade talks with u s officials the delegation s leader vincent siew told reporters last night he was leaving with a heavy heart meaning that he would face tough talks in washington because of rising protectionist sentiments in the u s congress taiwan s trade surplus with washington was the third largest after japan and canada siew said the talks starting on april would cover u s calls for taiwan to open its market to american products purchases of major u s machinery and power plant equipment import tariff cuts and protection of intellectual property i am afraid this time we have to give more than take from our talks with the u s he said without elaborating reuter" }, { "label": 3, "text": "bulgaria romania grain crop seen less favorable current prospects for this year s grain crop in bulgaria and romania appear less favorable than in the u s agriculture department s officer in belgrade said in a field report the report said the assessment was based on travel in the two countries from march to april it said crop conditions were better than earlier expected following the extreme dry conditions last fall and the prolonged winter temperatures this spring however in general plant development was at least three weeks or more behind normal this spring and conditions varied greatly by regions the report said fields seeded during the optimum period last fall and especially those receiving supplemental irrigation water about pct of the fields observed appeared to be in good condition with little evidence of winterkill while others varied considerably the report said fields lacking adequate moisture last fall showed weak and uneven stands spotty germination and winterkill in those fields averaged to pct it said reuter" }, { "label": 2, "text": "elcor corp elk rd qtr march shr cts vs eight cts net mln vs revs mln vs mln nine months shr dlrs vs cts net mln vs mln revs mln vs mln note shares adjusted for for stock split payable may to holders of record may rd qtr and nine months includes tax loss carryforward gain of dlrs and mln dlrs respectively rd qtr nine months includes tax loss carryforward gains of dlrs and mln dlrs respectively reuter" }, { "label": 2, "text": "abington savings bank abbk o st qtr net shr cts vs not given net vs loans mln vs mln deposits mln vs mln assets mln vs mln note prior share not given due to june conversion to stock ownserhip reuter" }, { "label": 2, "text": "banking center tbcx st qtr net shr cts vs not given net vs note company went public in august figures restated net includes loan loss provision dlrs vs dlrs gain on sale of securities of dlrs vs dlrs and gain on sale of loans dlrs vs dlrs reuter" }, { "label": 2, "text": "chemical chl net hurt by brazil expenses chemical new york corp said its first quarter profits fell by pct largely because it placed billion dlrs of loans to brazil on non accrual chemical reported first quarter net income of mln dlrs down from mln a year earlier but declaring the brazilian loans non performing cost chemical mln dlrs in lost interest income or mln dlrs after tax a pct jump in non interest expense to mln dlrs from mln also hit the bottom line it said the rise was mainly due to staff costs associated with continued growth in consumer capital markets and investment banking activities excluding the effect of placing brazil on non accrual chemical said its net income would have been mln dlrs or pct below earnings brazil suspended interest payments on billion dlrs of medium and long term debt on february if they are not resumed by year s end chemical said its after tax net for the whole of will be reduced by about mln dlrs chemical also placed mln dlrs of loans to ecuador on non accrual because the quito government also suspended interest payments on its foreign debt this reduced interest income by mln dlrs chemical said net interest income fell to mln dlrs from mln and its net spread narrowed to pct from pct this reflected the reclassification of brazilian loans a reduced federal income tax rate which affected the calculation of the taxabale equivalent adjustment on tax exempt assets and a narrowing of the spread between the prime rate and chemical s cost of funds foreign exchange trading profits rose to mln dlrs from mln but bond trading profits dropped to mln dlrs from mln fees from trust and other banking services rose to mln dlrs from mln a year earlier chemical said the provision for loan losses was mln dlrs compared with mln net loan charge offs were mln up from mln leaving the allowance for loan losses at mln dlrs at quarter s end or pct of loans outstanding compared with mln or pct a year earlier non accruing loans at the end of march were billion dlrs billion excluding brazil compared with billion at the end of and billion at the end of march reuter" }, { "label": 2, "text": "genetics geni o sees higher losses genetics institute inc earlier reporting an increased first quarter net loss said it expects to incur losses in fiscal that are somewhat higher than those reported in fiscal it had a loss of dlrs for fiscal ended november compared to a fiscal loss of dlrs the company said the losses result from its strategic decision to invest prudent levels of equity in development of products the company can manufacture and bring to market genetics earlier said first quarter ended february losses rose to dlrs from year ago loss of dlrs reuter" }, { "label": 0, "text": "investor boosts trans lux tlx stake investor albert kahn said in a statement that a group he heads increased its stake in trans lux corp to pct from pct on a fully diluted basis kahn said he indicated in a filing with the securities and exchange commission that his group bought an additional trans lux common shares and dlrs of nine pct convertible subordinated debentures due convertible into an additional shares kahn said he is considering seeking representation on the trans lux board and starting a proxy contest in connection with the upcoming annual meeting kahn also said he is seeking an examination of the trans lux shareholder list and corporate books and records under delaware law trans lux is a connecticut concern that leases teleprinters and display units in brokerage offices airports and other public places kahn is a miami insurance executive and investor reuter" }, { "label": 2, "text": "solitron devices inc sod th qtr net period ended february shr cts vs cts net vs revs mln vs mln avg shrs vs year shr cts vs cts net vs revs mln vs mln avg shrs vs note year after dlr tax provision and dlr tax credit year after dlr credit for anticipated income tax settlement for and dlr tax provision reuter" }, { "label": 2, "text": "u s trust corp first qtr shr cts vs cts" }, { "label": 2, "text": "peoples heritage bank phbk st qtr net shr cts vs not given net vs note net includes securities gains of dlrs vs dlrs company went public in december reuter" }, { "label": 2, "text": "stuart hall co inc stuh o st qtr feb net shr cts vs cts net vs revs mln vs mln avg shrs vs reuter" }, { "label": 2, "text": "clayton homes inc cmh rd qtr march net shr cts vs cts net vs revs mln vs mln nine mths shr cts vs cts net vs revs mln vs mln backlog nine mln vs six mln note share adjusted for five for four stock split in june reuter" }, { "label": 2, "text": "u s trust corp ustc o st qtr net shr primary cts vs cts shr diluted cts vs cts net vs avg assets billion vs billion deposits billion vs billion reuter" }, { "label": 2, "text": "desptp omc dso st qtr net shr cts vs cts net vs sales mln vs mln avg shrs vs reuter" }, { "label": 2, "text": "park communications inc parc o st qtr mar shr cts vs cts net vs revs mln vs mln reuter" }, { "label": 2, "text": "federal guarantee corp fdgc o st qtr net shr cts vs cts net vs revs mln vs mln reuter" }, { "label": 2, "text": "angell care master lp acr raises quarterly shr cts vs cts prior pay july record june reuter" }, { "label": 2, "text": "franklin michigan insured sets lower payout mthly div cts vs cts prior pay april record april note franklin michigan insured tax free income fund reuter" }, { "label": 2, "text": "franklin high yield sets higher payout mthly div eight cts vs cts prior pay april record april note franklin high yield tax free income fund reuter" }, { "label": 2, "text": "franklin pennsylvania tax free in initial payout franklin pennsylvania tax free income fund said its board declared an initial monthly dividend of six cts per share payable april to holders of record april reuter" }, { "label": 0, "text": "general partners sells gencorp gy stake general partners a texas partnership that recently ended its bid to take over gencorp inc told the securities and exchange commission it sold nearly all of its remaining pct stake in the company general partners said it sold shares of gencorp on april at dlrs a share in an open market transaction on the new york stock exchange it said the sale leaves it with gencorp common shares the partnership which includes wagner and brown of midland texas and irvine calif based afg industries inc last week dropped its dlr a share hostile tender offer reuter" }, { "label": 2, "text": "franklin pennsylvania u s sets initial payout franklin pennsylvania investors u s government securities fund fund said its board declared an initial monthly dividend of cts per share payable april to holders of record april reuter" }, { "label": 0, "text": "gaf gaf studying borg warner bor plan gaf corp is studying an agreement under which merrill lynch capital partners will take borg warner corp private in a billion dlr transaction a gaf spokesman said the spokesman had no further comment analysts said there was speculation gaf would make a new offer for the chicago based plastics and automobile parts company borg warner s stock rose to above the merrill lynch dlrs per share tender offer price merrill lynch capital partners a unit of merrill lynch and co is tendering for pct of borg warner and offering a package of cash and securities for the balance of the shares gaf had offered dlrs per share previously it holds pct of borg warner s stock reuter" }, { "label": 2, "text": "national westminster bank usa st qtr net rises national westminster bank usa said higher loans and core deposit volumes as well as a substantial increase in net interest income contributed to a pct rise in first quarter earnings to mln dlrs from mln reported a year earlier the earnings gain came despite a mln dlr reduction of income as a result of placing brazilian loans on non accrual net interest income totalled mln dlrs compared with mln dlrs in the same period as loans mostly to middle market businesses increased by mln dlrs but some of these gains were offset by low levels of interest rates provision for loan losses rose to mln dlrs from mln a year earlier at march the allowance for loan losses was mln dlrs versus mln at end of march non accrual loans rose to mln dlrs from mln at the end of the first quarter of largely because mln dlrs of loans to brazil were put on non accrual status the bank said that if these loans remain on non accrual for the remainder of the year net income for would be reduced by about mln dlrs national westminster bank usa is a wholly owned subsidiary of national westminster bank plc reuter" }, { "label": 2, "text": "laser photonics inc lazr o th qtr dec shr loss cts vs loss one cts net loss vs loss revs vs mln year shr loss cts vs loss eight cts net loss mln vs loss revs mln vs mln reuter" }, { "label": 2, "text": "eastern utilities associates eua ups payout qtly div cts vs cts prior qtr pay may record may reuter" }, { "label": 0, "text": "mcgraw hill mhp divests south african unit mcgraw hill inc said it has sold its mcgraw hill book co south africa pty ltd subsidiary to a local management group for an undisclosed amount of cash and halted the sale of all products and services to south africa the company said the divestiture follows a resolution of its board in february that cited increased political and social unrest within south africa and the refusal of the south african government to abolish the apartheid system reuter" }, { "label": 0, "text": "oak ondustries oak to buy electronics firm oak industries inc said it agreed to buy the stock of electronic technologies inc of new york for an undisclosed amount of cash electronic technologies manufactures quartz crystal components oak said it said the acquisition is part of its ongoing stategy to restructure its core businesses through cost reduction programs and the purchase of compatible companies reuter" }, { "label": 2, "text": "peoples heritage bank phbk st qtr net shr cts vs not given net vs note includes net securities gains of dlrs vs mln dlrs from company converted to stock ownership in december reuter" }, { "label": 0, "text": "revlon group agrees to merge with macandrews and forbes group for dlrs shr cash" }, { "label": 4, "text": "u s trust co ustc raises broker loan rate u s trust co said it raised its broker loan rate to pct from pct effective immediately bankers trust co bt which also quotes its broker loan rate publicly raised its rate to pct earlier today reuter" }, { "label": 0, "text": "corrected crazy eddie crzy o sets rights crazy eddie inc said its board has adopted a defensive shareholder rights plan and said it has reacived inquiries on a friendly merger it said under the plan shareholders of record as of april will receive a right to purchase under certain circumstances at a price of dlrs preferred share for each common share held the rights expire april the company said the rights would be exercisable business days after a party were to acquire pct or more of crazy eddie common stock or announce a bid for pct or more adds dropped year of rights expiration reuter" }, { "label": 2, "text": "biotech electronics inc ion to rd qtr net shr eight cts vs one half ct net vs revs mln vs mln nine mths shr cts vs cts net vs revs mln vs mln note period ended february reuter reuter" }, { "label": 2, "text": "myers industries inc mye st qtr net shr cts vs cts net vs sales ln vs mln note per share figures adjusted for ten pct stock dividend paid august reuter" }, { "label": 2, "text": "gte corp st qtr shr cts vs cts" }, { "label": 0, "text": "resdel rsdl o to merge with san bar sbar o resdel industries said it and san bar corp has agreed to merge san bar into resdel the arrangement calls for san bar to spin off assets of its break free division to shareholders then exchange its own shares for resdel stock at a ratio of one resdel share for each san bar share held resdel said reuter" }, { "label": 0, "text": "midlantic midl o to acquire county bancorp midlantic corp said it agreed to acquire county bancorp for about mln dlrs in an agreement calling for county trust co a county bancorp subsidiary to merge into midlantic national bank north midlantic said it will pay dlrs a share in cash or times county bancorp s march book value for each of county s about shares outstanding it said it received an option from three principal shareholders for pct of county s outstanding the acquisition is expected in the third quarter of and is subject to regulatory and shareholder approvals reuter" }, { "label": 2, "text": "people s savings bank of brockton pbkb o net vs assets mln vs mln note quarter ended march the company completed conversion from mutual to stock form in october raising mln dlrs in net proceeds through the sale of mln shares of common stock reuter" }, { "label": 2, "text": "micro general corp mgen o th qtr loss period ended december shr nil vs loss six cts net loss vs loss revs vs avg shrs vs year shr nil vs loss cts net profit vs loss revs vs avg shrs vs reuter" }, { "label": 2, "text": "gte corp gte st qtr mar shr cts vs cts net mln vs mln revs billion vs billion avg shrs mln vs mln reuter" }, { "label": 2, "text": "gte posts pre tax loss of mln dlrs in st qtr for pct share of us sprint" }, { "label": 0, "text": "group raises scandinavia fund scf stake a shareholder group consisting of foreign investment firms and investors said it raised its stake in scandinavia fund inc to shares or pct of the total outstanding from shares or pct in a filing with the securities and exchange commission the group also said it is considering an informal offer made by scandinavia fund president bjorn carlson on march which would grant it representation on the company s board the group includes vbi corp a turks and caicos islands investment firm and ingemar rydin industritillbehor ab a swedish investment firm and erik martin vik a norwegian investor and vik s son alexander the group said vbi and the elder vik bought a combined scandinavia fund common shares since march at prices ranging from to dlrs a share reuter" }, { "label": 2, "text": "square d corp sqd st qtr net shr cts vs cts net vs sales mln vs mln reuter" }, { "label": 1, "text": "triton oil says paris basin reserves up pct triton energy corp said proven reserves of the villespedue oil field in france s paris basin were estimated at a total of mln barrels on march one up pct from mln barrels on may triton said its pct owned triton europe plc subsidiary has a pct interest in the field which is located miles east of paris the other pct is held by total exploration s a the field s operator reuter" }, { "label": 2, "text": "talking point ibm ibm international business machines corp has started the year aggressively but industry analysts said the company still faces some tough rounds in its fight to stop a two year earnings slump i am more impressed with what s happening at ibm than i have been in a long time said painewebber analyst stephen smith but they re not out of the woods yet he added at dlrs a share ibm s first quarter net income easily topped most estimates on wall street which had ranged from an even dollar to dlrs most analysts said they were pleasantly surprised by ibm s performance but they indicated that ibm s chances for a full recovery hinged on several key factors whose impact will not be felt until later in the year these include the success of ibm s new personal computer line introduced two weeks ago and its minicomputers which will begin volume shipments in july in addition ibm has said the full benefits of its early retirement program and other cost cutting moves will emerge as the year progresses analysts noted that ibm chairman john f akers was relatively more upbeat in assessing the company s outlook than he has been for nearly a year although the worldwide economic situation remains unsettled there are some encouraging signs in our business akers said pointing to among other things higher first quarter shipments we remain optimistic about the prospects for both the industry and ibm he said akers was most encouraging said painewebber s smith a weak dollar a lower tax rate and strong mainframe computer sales all contributed to the better than expected first quarter results analysts said shipments of the mainframes were very strong in march after a weak january and february said ulric weil of washington based weil and associates sales of the top of the line mainframes commonly called the sierras bailed out the whole quarter weil said adding if this continues it augers well for the rest of the year reuter m" }, { "label": 2, "text": "micro mask inc nms o nd qtr mar oper loss oper shr loss cts vs loss cts oper net loss vs loss sales vs six mths oper shr loss cts vs loss dlrs oper net loss vs loss sales mln vs note oper data does not include losses from discontinued operations of dlrs or three cts per shr in qtr and dlrs or seven cts per shr in six mths reuter" }, { "label": 2, "text": "irving bank v st qtr net hurt by brazil irving bank corp said a six pct drop in first quarter net income from a year earlier was largely the result of placing medium and long term loans to borrowers in brazil and ecuador on non accrual status income in the first three months fell to mln dlrs from mln in the same period earnings per share dropped to dlrs from irving put mln dlrs of brazilian and mln dlrs of ecuadorean loans on non accrual reducing first quarter net income by a total of mln dlrs after tax irving estimates full year net would be reduced by mln dlrs after tax if no cash interest payments are received on these loans during the remainder of also adversely affecting earnings were losses on the trading of securities and higher non interest expenses although these were partly offset by increased trust income profits from foreign exchange trading and investment securities gains the bank said the allowance for loan losses was mln dlrs up from mln a year earlier the provision for loan losses was mln versus mln in the first quarter of reuter" }, { "label": 2, "text": "allegheny western energy algh o ups payout qtly div cts vs six cts prior pay june record may note full name allegheny and western energy corp reuter" }, { "label": 2, "text": "united telecommunications inc st qtr shr cts vs cts" }, { "label": 2, "text": "coast r v inc st qtr net shr profit one ct vs loss cts net profit vs loss sales mln vs mln avg shrs vs reuter" }, { "label": 7, "text": "u s february trade to be reported on new basis the february monthly merchandise trade figures to be reported tuesday by the commerce department will be on a new basis reflecting more recent data so avoiding future revisions of the monthly figure commerce officials said the overall january deficit of billion dlrs will be revised but the february figure will be a final one officials said previously the initial monthly figure has had to be revised in subsequent months because of the time lag between the report and the compiling of final estimates on imports and exports the reporting of the february trade data was delayed several weeks to permit gathering latest figures on imports and exports to give a clearer picture of the monthly trade balance reuter" }, { "label": 0, "text": "revlon rev and macandrews and forbes to merge macandrews and forbes group and revlon group inc rev said that they have entered into a definitive mergewr agreement where macandrews will acquire revlon at dlrs per common share in cash macandrews said it increased its offer to purchase all revlon common shares to dlrs a share from its april offer of dlrs a share following consummation of the offer a unit of macandrews will merge into revlon and each remaining share will be converted into the right to receive dlrs per share in cash the companies said revlon said its board of directors unanimously approved the merger agreement macandrews and revlon also said they have reached a settlement with the plaintiff in the pending litigation challenging acquisition of the shares by macanrews the companies said the tender offer and withdrawal rights will expireon tuesday april unless extended macandrews said it will promptly file revised tender offer material with the securities and exchange commission drexel burnham lambert inc is acting as dealer manager for the offer the companies said revlon currently has about mln shares outstanding the current offer price is about mln dlrs a company spokesman said up from the previous offer of mln dlrs on april macandrews and forbes owned by ronald perelman offered dlrs a share for the pct of revlon shares he did not already own since the offer was made over a dozen shareholder lawsuits were brought against revlon alleging the original offer was too low but the companies said these lawsuits have been settled in the amended offer reuter" }, { "label": 0, "text": "real estate firm cuts intermagnetics inma stake roland international corp a coconut grove fla real estate development company said it cut its stake in intermagnetics general corp to shares or pct of the total outstanding from shares or pct in a filing with the securities and exchange commission roland said it sold shares on feb at dlrs each as long as roland s stake in intermagnetics general is below five pct it is not required to report any further dealings in the company s stock reuter" }, { "label": 2, "text": "first commerce corp fcom st qtr net shr cts vs cts net vs reuter" }, { "label": 0, "text": "dataproducts dpc to buy imaging solutions dataproducts corp said it signed a letter of intent to acquire the imaging solutions inc unit of reliance electric co under undisclosed terms this acquisition will give it all rights to proprietary solid and liquid ink technologies which had been developed by a joint venture operated by it and exxon corp xon dataproducts said it said imaging solutions formerly named exxon printing systems inc had been a reliance electric co subsidiary but reliance recently became an independent company as the result of a leveraged buyout from its former owner exxon reuter" }, { "label": 0, "text": "jannock jn to acquires half stake in printer jannock ltd said its jannock imaging co ltd unit acquired a pct stake in arthurs jones lithographing ltd of toronto for undisclosed terms it said the acquisition would lift jannock imaging revenues to mln dlrs this year it did not specify arthurs jones revenues reuter" }, { "label": 2, "text": "mark iv industries inc iv th qtr feb net shr cts vs cts net vs revs mln vs mln year shr dlrs vs cts net mln vs revs mln vs mln avg shrs vs note current periods include gain of dlrs in qtr and mln dlrs in year from changes in pension accounting year ago shr figures restated for for splits paid june and january reuter" }, { "label": 0, "text": "electrohome el x to to sell unit electrohome ltd said it agreed to sell certain assets of the computer service sector of its aabex service division to canadian general electric co ltd cge to terms were not disclosed the closing date is expected to be may reuter" }, { "label": 2, "text": "salick health care inc shci o nd qtr net period ended february shr cts vs cts net vs revs vs six mths shr cts vs cts net vs revs mln vs reuter" }, { "label": 0, "text": "laser photonics inc lazr o closes sale laser photonics inc said it completed a previously announced sale of shares or pct of its common stock to a group of investors for one mln dlrs a dlrs loan made by the investors was repaid out of the proceeds it said it also said it restructured its board to include three members designated by the investors including pierre schoenheimer roger kirk and leonard lichter reuter" }, { "label": 0, "text": "amsouth bancorp aso sets exchange ratio amsouth bancorp said it will issue about shares of stock to acquire first tuskaloosa corp under a previously announced merger agreement amsouth offered dlrs a share in amsouth stock for first tuskaloosa the company said first tuskaloosa shareholders will receive shares of amsouth stock for each first tuskaloosa share held when the merger is effected april first tuskaloosa has assets of more than mln dlrs amsouth s assets are about six billion dlrs reuter" }, { "label": 2, "text": "voplex corp vot st qtr mar shr cts vs cts net vs revs mln vs mln reuter" }, { "label": 0, "text": "hadson corp hads o completes acquisition hadson corp said it completed the acquisition of pct of the seaxe energy corp s seax o common stock for shares of hadson s stock seaxe is engaged in international oil and gas exploration and development primarily in the paris basin of france reuter" }, { "label": 0, "text": "arrays aray completes merger arrays inc said it completed its merger with haba systems inc terms of the merger called for each share of arrays to be exchange for a share of haba in a transaction valued at mln dlrs the company said both companies produce and market microcomputer software reuter" }, { "label": 2, "text": "franklin massachusetts sets monthly payout mthly div cts vs cts prior pay april reord april note franklin massachusetts insured tax free income fund reuter" }, { "label": 2, "text": "franklin minnesota sets monthly payout mthly div cts vs cts prior pay april reord april note franklin minnesota insured tax free income fund reuter" }, { "label": 2, "text": "franklin insured sets monthly payout mthly div cts vs cts prior pay april reord april note franklin insured tax free income fund reuter" }, { "label": 2, "text": "franklin ohio sets monthly payout mthly div cts vs cts prior pay april reord april note franklin ohio insured tax free income fund reuter" }, { "label": 2, "text": "franklin puerto rico sets monthly payout mthly div cts vs cts prior pay april reord april note franklin puerto rico tax free income fund reuter" }, { "label": 2, "text": "franklin california sets monthly payout mthly div cts vs cts prior pay april reord april note franklin california insured tax free income fund reuter" }, { "label": 0, "text": "canada stocks dome petroleum ltd dmp dome petroleum ltd shares moved higher in the u s and canada after transcanada pipelines ltd trp made a billion canadian dlr bid for dome and dome said it is in talks with two other unidentified companies market speculation is that the other two potential bidders are not canadian companies and dupont s dd conoco and atlantic richfield co arc are mentioned as possibilities wilf gobert of peters and co ltd said dome rose to on the american stock exchange transcanada pipelines was down at on the new york stock exchange dome was the most active stock on the toronto exchange at dlrs per share up cts gobert characterized the market action in dome as awfully optimistic but said investors are hoping for a competing offer to the shareholders transcanada pipelines offer is to dome management not to shareholders however it proposes issuing new equity in a subsidiary that would operate dome assets current dome shareholders would own pct of the new subsidiary reuter" }, { "label": 2, "text": "united telecommunications inc ut st qtr net shr cts vs cts net vs revs mln vs mln avg shrs vs note per share results reflect payment of preferred dividend requirements reuter" }, { "label": 2, "text": "first pennsylvania corp fpa st qtr net shr cts vs cts net vs avg shrs mln vs mln note includes gains of mln dlrs or cts vs mln dlrs or cts from tax loss carryforwards reuter" }, { "label": 0, "text": "clark copy international buys w german stake clark copy international corp said it acquired a majority interest in datagraph gmbh of lich west germany the acquisition was made through clark copy s majority owned subsidiary interactive computer aids of norway no price was disclosed for the acquisition clark copy said worldwide sales for datagraph which makes color graphics workstations were mln dlrs for the year ended dec reuter" }, { "label": 2, "text": "entre computer centers inc etre o nd qtr loss ended feb shr loss cts vs profit cts net loss vs profit revs mln vs mln six mths shr loss cts vs profit cts net loss vs profit revs mln vs mln reuter" }, { "label": 2, "text": "gte gte cites loss of sprint gte corp said the decline in its first quarter net income reflects a mln dlr loss from its pct share ownership of u s sprint s operations this loss is an increase from the mln dlrs loss reported on operations gte owned a year ago quarter and prior to entering a joint venture with united telecommunications ut in july under the joint venture each company owns pct of sprint earlier the company reported net income declined to mln dlrs from mln dlrs in the first quarter a year ago theodore brophy chairman of gte said we expect us sprint s losses to diminish later this year as customer traffic migrates to the new fiber optic network for long distance telecommunications the reason for the higher losses reflect lower prices as well as higher operating costs related in part to the fraudalent use of the network operating income of its telephone operations which account for pct of the total rose eight pct to mln dlrs revenues from telephone operations rose eight pct to billion dlrs reuter" }, { "label": 2, "text": "new england savings bank nesb st qtr net shr cts vs not given net vs note converted to stock ownership aug reuter" }, { "label": 2, "text": "american national corp fnb st qtr net net mln vs mln loans billion vs billion deposits billion vs billion assets billion vs billion note american national corp is a wholly owned subsidiary of first chicago corp reuter" }, { "label": 2, "text": "ab astra share split to widen foreign ownership ab astra asts st said it was proposing a two for one share split and the issue in june of a new series of foreign targeted shares with lower voting rights as part of a strategy to internationalise the company the deal which requires swedish government approval will raise the percentage of foreign voting rights allowed in the medical group to pct from pct astra said an extraordinary meeting of astra s board proposed the creation of b free shares open to foreign buyers with one tenth of a voting right per share at present astra stock consists of one series of restricted shares and one of free shares reuter" }, { "label": 2, "text": "corrected national westminster bank usa st qtr net mln vs mln note national westminster bank plc subsidiary loan loss provision mln vs mln investment securities gains dlrs vs dlrs figures in dollars corrects name to subsidiary from parent reuter" }, { "label": 2, "text": "the one bancorp tone st qtr net shr cts vs cts net vs avg shrs vs note includes gains of mln dlrs vs dlrs from benefit of tax loss carryforwards includes operations of bank of hartford acquired feb year ago shr figures reflect for split on april reuter" }, { "label": 0, "text": "nor quest nqrlf makes bid for northair nrm to nor quest resources inc said it will make a takeover offer to acquire all shares of northair mines ltd on the basis of one nor quest share plus one dlr for two shares of northair nor quest said it plans to bring northair s willa mine in the nelson area of british columbia into production using nor quest s recently acquired ton per day mill located in the area reuter" }, { "label": 2, "text": "aristech ars says st qtr shr estimate right aristech chemical corp chairman and chief executive officer thomas marshall said analysts estimates of its fiscal year earnings of dlrs to dlrs per share are about right addressing a gathering of analysts and institutional investors marshall also said that analysts estimates of its first qtr earnings cts to cts per share were in the ballpark marshall said the full year estimates represent more than a pct increase over s fiscal year net of dlrs per share he also said the first quarter estimates were pct higher than s first quarter net of cts per share marshall attributibuted the first quarter earnings growth to several factors including sustained demand in aristech s major domestic markets and continued growth in exports aristech plans to spend approximately mln dlrs over in capital investments over the next three years marshall added reuter" }, { "label": 2, "text": "united telecom ut reports us sprint loss united telecommunications inc said its lower first quarter earnings included a loss of dlrs from its equity in us sprint us sprint was formed july as a partnership which combined united telecommunications long distance voice and data operations with those of gte corp gte earlier united telecommunications reported first quarter earnings of mln dlrs or cts a share compared to mln dlrs or cts a share a year ago revenues declined to mln dlrs from mln dlrs united telecommunications said the transition of us sprint s nationwide fiberoptic network is proceeding ahead of schedule it said the transition to the fiber network from interim networks would not only reduce operating costs in the second half of but also assist in controlling unauthorized network use reuter" }, { "label": 2, "text": "brand companies bran sees first quarter loss brand companies inc said it expects to report a first quarter loss of to cts a share on revenues of to mln dlrs in the first quarter brand reported earnings of cts on revenues of mln dlrs no reason was given for the expected loss final quarterly results will be reported toward the end of the month or the beginning of may a company spokesman said reuter" }, { "label": 7, "text": "u s february trade to be reported on new basis the february monthly merchandise trade figures to be reported tuesday by the commerce department will be on a new basis reflecting more recent data so avoiding future revisions of the monthly figure commerce officials said the overall january deficit of billion dlrs will be revised but the february figure will be a final one officials said previously the initial monthly figure has had to be revised in subsequent months because of the time lag between the report and the compiling of final estimates on imports and exports the reporting of the february trade data was delayed several weeks to permit gathering latest figures on imports and exports to give a clearer picture of the monthly trade balance reuter" }, { "label": 0, "text": "boothe bcmp o makes acquisition boothe financial corp a diversified holding company said it has acquired the robert half and accountemps franchises in new england including four offices in boston and eastern massachusetts and one office in providence r i boothe said it previously announced the purchase of robert half international inc the franchisor of the robert half and accountemps offices in the u s the company said the aggregate purchase price it paid for robert half international and the franchises was about mln dlrs reuter" }, { "label": 0, "text": "atlantic financial atlf o to acquire s and l atlantic financial said it signed a definitive agreement to acquire centurion savings and loan association atlantic did not disclose the purchase price atlantic said it originally announced its intention to acquire centurion located in los angeles on feb centurion has assets of mln dlrs atlantic said reuter" }, { "label": 0, "text": "gaf gaf seen raising borg warner bor bid gaf corp set on acquiring borg warner corp s valuable plastics business is believed by analysts to be preparing an increased offer for the chicago based company yesterday borg warner said it agreed to be acquired for billion dlrs by a company to be formed by merrill lynch capital partners merrill offered dlrs cash per share for pct of borg warner s common stock and a package of cash and securities for the balance borg warner stock rose to i think it s the stock price telling us gaf is coming in with another bid said one analyst who values the company at or dlrs per share gaf has offered dlrs per share it holds pct of borg warner s stock you re in a cat and mouse game on how you re going to up the price obviously nobody wants to pay more than you have to i think gaf is looking at the company the way we re looking at it that it s worth more pershing and co analyst richard henderson said henderson estimated it is worth abouth dlrs per share gaf has only said it was reviewing the situation merrill lynch officials did not return phone calls analysts have said they believe gaf chairman samuel heyman sought borg warner because of its chemicals and plastics business the rigid plastics are used in such things as telephones computer terminals and appliances where the heck can you buy a world class chemical operation these days said henderson he s heyman s got the bucks he s a heavy hitter and he does not like to get pushed around said henderson gaf a roofing and chemicals concern attempted a takeover of the much larger union carbide corp two years ago while gaf did not win the company it made a substantial gain on its investment in carbide analysts said gaf already has a large profit built into its borg warner holdings they said even if gaf raises its offer and does not succeed a higher bid from another company would give gaf millions of dollars in profits on its stock it s a win win situation said one analyst one analyst speculated an offer from gaf would be forthcoming shortly i think we are finally down to the final paragraph in this book he said borg warner s other businesses include automotive parts protective services which includes wells fargo security guards and chilton corp a credit rating service charles rose an oppenheimer and co analyst who follows gaf said if gaf were to sell into the merrill lynch offer it would realize about mln dlrs net profit or about per share i think there s a probability he goes up in price said rose rose said however he could not really predict what heyman would do sam s a low risk high return player is he trying to build a major industrial chemical enterprise or is he trying to be an investment bank rose said analysts said borg warner s chemical business would add earnings momentum to gaf i worked out that paying as much as dlrs per share would still be additive to gaf in time if they sold off most of the non chemical facilities said john henry of e f hutton borg warner s chemical and plastics business provided operating profits of mln dlrs on revenues of billion dlrs total operating profits were mln dlrs and net earnings were mln dlrs for the borg chemical business is great said rose adding its only u s competitors are monsanto co mct and dow chemical co dow reuter" }, { "label": 2, "text": "pueblo international inc pii sets payout qtly div five cts vs five cts prior pay june two record april reuter" }, { "label": 0, "text": "gen term corp acquires private firm gen term corp said it entered into escrow for the mln dlr purchase of lewis westco and co a privately held bottler and distributor of wines and distilled spirits lewis westco had sales of more than mln dlrs for its fiscal year ended june gen term also said separately gen term which trades over the counter said it plans to apply for nasdaq listing after it completes the acquisition reuter" }, { "label": 2, "text": "c and r clothiers inc jan year net shr dlrs vs cts net vs sales mln vs mln reuter" }, { "label": 0, "text": "ccx network ccxn to make acquisition ccx network inc said it has entered into a letter of intent to acquire privately held modern mailers inc and its affiliate anwalt inc for about dlrs in common stock the company said modern mailers had revenues of dlrs for the year ended october and provides computer service computer printing and lettershop facilities reuter" }, { "label": 2, "text": "personal computer products pcpi o expects loss personal computer products inc said it expects to report a loss of about dlrs in its third quarter ended march compared to a year ago loss in the quarter of dlrs it said revenues in the quarter are expected to be about dlrs compared to dlrs a year earlier for the nine months ended march personal computer expects a net loss of about dlrs compared to a loss of dlrs the previous year revenues in the nine months are expected to be about dlrs compared to a year ago the company said it will report its earnings soon reuter" }, { "label": 2, "text": "great northern nekoosa first qtr shr dlrs vs cts" }, { "label": 0, "text": "gander gndr o buys western wear retailer gander mountain inc said it acquired the privately held western ranchman outfitters a catalog and point of purchase retailer of western apparel based in cheyenne wyo it said western ranchman had sales for the year ended jan of about mln dlrs the purchase was made for an undisclosed amount of cast reuter" }, { "label": 2, "text": "great northern nekoosa gnn st qtr net shr dlrs vs cts net mln vs mln revs mln vs mln avg shrs mln vs mln note figures restated for adoption of financial accounting standards board statement employer s accounting for pensions net and includes dlrs of investment tax credits in and mln dlrs in reuter" }, { "label": 2, "text": "american health properties inc ahe st qtr shr cts net revs note company began operating on february reuter" }, { "label": 2, "text": "wells fargo and co st qtr shr dlrs vs dlrs" }, { "label": 2, "text": "wells fargo and co wfc st qtr net shr dlrs vs dlrs net mln vs mln avg shrs vs loans billion vs billion deposits billion vs billion assets billion vs billion reuter" }, { "label": 2, "text": "comerica inc cmca o st qtr net shr dlrs vs dlrs shr diluted dlrs vs dlrs net vs avg shrs vs loans mln vs mln deposits billion vs billion assets billion vs billion note per share results reflect payment of preferred dividends reuter" }, { "label": 2, "text": "champion products ch sets pay date for split champion products inc said the two for one stock split it declared february will be payable april to shareholders of record april one reuter" }, { "label": 2, "text": "spearhead industries inc sprh o rd qtr net periods ended feb shr cts vs cts net vs sales mln vs nine mln avg shrs vs nine mths shr cts vs cts net vs sales mln vs mln avg shrs vs reuter" }, { "label": 2, "text": "kdi corp kdi st qtr march shr cts vs six cts net mln vs revs mln vs mln reuter" }, { "label": 0, "text": "rj nabisco s rjr unit sells cigar business rjr nabisco inc s rj reynolds tobacco usa unit said it reached a definitive agreement to sell winchester little cigar business to tobacco exporters international usa ltd of atlanta the u s subsidiary of rothman s international plc terms were not disclosed last week rj reynolds announced the sale of four smoking tobacco brands these brands and winchester represent less than one pct of rj reynolds tobacco usa s total sales which were billion dlrs in reynolds said the sale is expected to be completed on april the company said it planned to concentrate its resources on the manufacture and sale of cigarettes reynolds said that winchester introduced in was a dominant brand in the little cigar market reuter" }, { "label": 2, "text": "software services of america inc ssoa o net rd qtr feb shr profit cts vs loss four cts net profit vs loss revs vs nine mths shr profit cts vs profit two cts net profit vs profit revs vs reuter" }, { "label": 0, "text": "gander mountain gndr o buys western wear firm gander mountain inc said it acquired privately held western ranchman outfitters a cheyenne wyo retailer and catalog seller of western apparel terms were not disclosed western ranchman had sales of about mln dlrs for the year ended jan the company said gander mountain sells brand name hunting fishing and outdoor gear through catalogs reuter" }, { "label": 2, "text": "health and rehabilitation hrp sets first divi health and rehabilitation properties trust said it declared its initial dividend of cts per share for the quarter ending march the dividend is payable may to shareholders of record april it said the dividend includes five cts attributable to the period between dec and and cts attributable to the first quarter of ending march reuter" }, { "label": 2, "text": "utah power and light co utp st qtr net shr cts vs cts net mln vs mln revs mln vs mln avg shrs mln vs mln mths shr dlrs vs dlrs net mln vs mln revs mln vs billion avg shrs mln vs mln note mth net includes mln dlr charge due to december provision for coal mining operations refund reuter" }, { "label": 0, "text": "ericsson ericy o to buy rest of spanish unit l m ericsson of sweden said it agreed in principle to buy the pct of intelsa its spanish unit that it does not already own from telefonica spain s telecommunications administration terms of the agreement were not disclosed ericsson said intelsa which controls about pct of the spanish telephone switch market has employees and annual sales of mln crowns or mln dlrs the purchase will not affect the close working relationship between telefonica and intelsa ericsson said reuter" }, { "label": 2, "text": "computrac llb sees lower first quarter net computrac inc said it expects first quarter earnings to be down to pct from a year ago in last year s first quarter ended april computrac earned dlrs on revenues of mln dlrs the company said sales commitments on hand are about pct above those of a year ago but system sales revenues are recognized at shipment and only to pct of sales commitments in hand will ship during the period it said its outlook for the year remains unchanged reuter" }, { "label": 0, "text": "nova nva a to not planning dome dmp bid nova an alberta corp chief executive robert blair expressed hope that dome petroleum ltd dmp remains under canadian ownership but added that his company plans no bid of its own for debt troubled dome we ve no plan to bid blair told reporters after a speech to a business group although he stressed that nova and pct owned husky oil ltd hyo were interested in dome s extensive western canadian energy holdings but being interested can sometimes be different from making a bid blair said transcanada pipelines ltd trp yesterday bid billion dlrs for dome but dome said it was discontinuing talks with transcanada and was considering a proposal from another company and was also talking with another possible buyer both rumored to be offshore asked by reporters if dome should remain in canadian hands blair replied yes i think that we still need to be building as much canadian position in this industry as we can and i think it would be best if dome ends up in the hands of canadian management he said he did not know who other possible bidders were blair said that any move to put dome s financial house in order will remove one of the general problems of attitude that have hung over western canadian industry he added however that the energy industry still faced a couple of tough tough additional years asked about nova s prospects blair predicted that nova s net profit would rise this year to more than mln dlrs from last year s net profit of mln dlrs due to improved product prices and continued cost cutting reuter" }, { "label": 0, "text": "first montauk securities in merger deal first montauk securities corp said it has reached a preliminary merger agreement with mcc presidential inc the company said mcc shareholders would have a pct stake in the combined company and would receive a cash distribution of about cts per share reuter" }, { "label": 2, "text": "barnett banks of florida inc bbf st qtr net shr cts vs cts net mln vs mln avg shrs mln vs mln reuter" }, { "label": 2, "text": "golden west financial corp gdw st qtr net shr dlrs vs dlrs net vs loans billion vs billion deposits billion vs billion assets billion vs billion note current qtr figures include mln dlr charge resulting from penalties for prepayment of fhlb borrowings reuter" }, { "label": 2, "text": "honeywell inc hon st qtr oper net oper shr cts vs cts oper net mln vs mln sales billion vs billion note sales includes operations of sperry aerospace operating net excludes a charge from discontinued operations of mln dlrs or cts a share reuter" }, { "label": 2, "text": "wall street stocks browning ferris bfi the environmental protection agency s five to mln dlr suit against a browning ferris industries inc bfi unit cecos international inc caused the stock to drop today analysts said the stock has fallen to so far today after the news about the suit was released this morning it s potentially a big suit and investors feel that its not good to go against regulators kenneth ch u k ai leung a smith barney analyst said what investors are actually saying by selling off some bfi shares is the cloud over this industry is the threat that the epa will get tough on waste management companies willard brown senior analyst for first albany corp investors are saying to themselves that waste management companies have that kind of exposure to regulatory suits brown said brown said if the suit were settled for mln dlrs it would have an impact on browning ferris earnings leung said however that browning ferris has adequate cash reserves to cover the fine it would have no impact on earnings whatsoever he said reuter" }, { "label": 2, "text": "chronar corp crnr o year loss shr loss cts vs loss nine cts net loss vs loss revs mln vs mln avg shrs vs note net includes dlrs in increased provisions for uncollectible receivables from affiliates lower recoverable value of inventories and writeoffs of capitalized costs on discontinued projects dlr provision for resolution of shareholder class action suit and gain dlrs from repurchase of manufacturing equipment reuter" }, { "label": 0, "text": "empire empa to to buy sobeys sysa to stock empire co ltd said it will acquire all shares of sobeys stores ltd it does not already own under an arrangement approved by directors of both companies holders of sobeys class a non voting shares and class b common shares may elect to receive either non voting class a empire shares or one non voting class a empire share and one half of an eight pct redeemable retractable preferred share the preferred share has a par value of dlrs and is retractable at the holder s option on may reuter" }, { "label": 2, "text": "international research irdv st qtr net shr six cts vs three cts net vs revs vs note international research and development corp is full name of company reuter" }, { "label": 0, "text": "corrected goodyear gt to sell celeron goodyear tire and rubber co said it expects to sell its celeron corp oil and gas subsidiary for about two billion dlrs in about two months after the company s annual meeting rober mercer goodyear s chairman and chief executive officer also said goodyear expects to report a profit of more than one dlr a share from continuing operations in the first quarter in the same year ago period goodyear reported a loss of cents a share from continuing operations mercer said about seven companies are interested in buying celeron and they may form a consortium to buy the unit reuter" }, { "label": 2, "text": "int l research development irdv o st qtr net shr six cts vs three cts net vs revs vs note full name is international research and development corp reuter" }, { "label": 2, "text": "bank of new england corp st qtr shr dlrs vs cts" }, { "label": 2, "text": "honeywell hon cites cost cutting for gain honeywell inc said a gain of pct in its first quarter operating earnings was the result of cost cutting efforts which began last year honeywell reported first quarter operating earnings rose to mln dlrs or cts a share from mln dlrs or cts in the same period a year ago better operating results in each of the company s three sectors offset higher interest costs in the first quarter due to financing the december acquisition of sperry aerospace and the sharing of the federal systems subsidiary pre tax profit with honeywell bull inc honeywell said our first quarter results show clear benefits of our restructuring chairman edson spencer said all of our businesses are producing better results than last year even though we do not see significant improvement in the external market environment he said total orders in the first quarter were up substantially with a sharp increase in aerospace and defense orders in addition to those of the new sperry aerospace group it said domestic industrial automation and control orders were modestly higher than the same period in it said orders in honeywell s home and building automation and control business were flat in the u s and up in international markets it said international orders increased with the greatest strength in europe honeywell said the company said that by year end it intends to complete the repurchase of mln shares remaining of a five mln share buyback program which began in reuter" }, { "label": 2, "text": "mgm ua communications mgm nd qtr feb loss shr loss cts net loss mln vs profit mln revs mln vs mln six mths shr loss cts net loss mln vs profit mln revs mln vs mln note company said year ago per share not given as not comparable due to certain allocations of expenses from the turner entertainment group not made in subsequent periods results reflect the tbs merger agreement and operations of the company as independent agent data includes extraordinary tax loss carryforward gains of dlrs in qtr and six mths reuter" }, { "label": 2, "text": "interfirst corp st qtr loss cts vs profit three cts" }, { "label": 1, "text": "kuwaiti daily says opec credibility at stake opec s credibility faces fresh scrutiny in coming weeks amid signs of a significant rise in supplies of oil to international oil markets the kuwait daily al qabas said in an article headlined gulf oil sources say middle east production up mln bpd it warned opec s official prices could face fresh pressure from international oil companies seeking cheaper supplies it did not say whether only opec or both opec and other producers were behind the reported rise in mideast output nor did it specify if the sources were official or other contacts the sources said the credibility of opec would come under fresh scrutiny from today monday with activity in the european and american markets the daily said the sources were quoted as saying that after opec had in march demonstrated its commitment to quota agreements some members had raised output last week it gave no details dealers in oil markets were now waiting to see if opec was able to control production or whether the days of cheating and producing over quotas has begun anew it said the sources warned that maybe the price of a barrel of oil will fall below perhaps dlrs this week or next if there is no control on supplies it said the sources believed a return of oil below dlrs a barrel may open the doors for international oil companies to pressure opec over contract prices similar to the struggle last march it said apparently referring to resistance by buyers to lift from qatar unless it gave price discounts more than one official has warned opec would find its solidarity under scrutiny by the end of april or start of may it said noting demand usually fell with the onset of summer reuter" }, { "label": 2, "text": "willamette industries wmtt th qtr net shr cts vs cts net mln vs sales mln vs mln note per share figures reflect april five to three stock split full year figures not available reuter" }, { "label": 2, "text": "marine midland banks inc st qtr dlrs vs dlrs" }, { "label": 2, "text": "american century act restates earnings american century corp said it has restated its earnings for the fiscal year ended june to provide an additional five mln dlrs to its loan loss allowance causing a restated year end net loss of dlrs instead of dlrs the company said the change came after talks with the securities and exchange commission on the company s judgement in considering the five mln dlrs collectible in the note to its financial statement american century said it considered the five mln dlrs collectible making its loan loss provision less than required the company said in spite of the sec decision it still feels its allowance for possible loan losses at june was adequate and that it has considered all relevant information to determine the collectibility of the five mln dlr receivable but it said continued disagreement with the sec staff would not be in its best interest reuter" }, { "label": 2, "text": "interfirst corp ifg st qtr loss shr loss cts vs profit three cts net loss mln vs profit mln assets billion vs billion deposits billion vs billion loans billion vs billion note net includes securities gains of mln vs mln net charge offs totaled mln vs mln while provisions for loan losses was mln vs mln non performing assets totaled billion vs mln reuter" }, { "label": 2, "text": "marine midland banks inc mm st qtr net shr dlrs vs dlrs net mln vs mln assets billion vs billion deposits billion vs billion loans billion vs billion note qtr includes pre tax provision of mln dlrs resulting in mln dlrs after tax loss for reserve against interest due on medium and long term brazilian loans net investment gains for the qtr were mln dlrs versus a gain of mln in last year s first quarter provision for loan losses in the quarter was mln dlrs vs mln dlrs the prior first quarter reuter" }, { "label": 0, "text": "fourth national corp stake acquired fourth national corp said an investor group led by management has acquired a pct stake in the company from interfirst corp ifc a dallas bank holding firm a fourth national spokesman said the deal was for cash but would not disclose the amount fourth national a bank holding company with about mln dlrs in assets said in a statement that it will continue to operate its four subsidiaries and retain its employees reuter" }, { "label": 0, "text": "del webb wbb unit sells joint venture stake del e webb corp said its del e webb properties corp unit sold one half of its interest in the acre towne meadows mixed use development near mesa and gilbert ariz to klukwan inc an alaskan native cooperative terms of the sale were not disclosed webb said it had a one half interest in the venture reuter" }, { "label": 2, "text": "bank of new england corp bkne o st qtr shr dlrs vs cts net mln vs mln reuter" }, { "label": 2, "text": "canandaigua wine co inc cdg a nd qtr net qtr ended feb shr cts vs cts net vs revs mln vs mln six mths shr cts vs cts net vs revs mln vs mln reuter" }, { "label": 2, "text": "national city corp st qtr shr primary cts vs cts" }, { "label": 2, "text": "florida progress corp fpc st qtr net shr cts vs cts net mln vs mln revs mln vs avg shrs mln vs mln months shr dlrs vs dlrs net mln vs mln revs billion vs billion avg shrs mln vs note first quarter profits restated down one cent a share as a result of previously reported pooling of interests merger with mid continent life insurance co reuter" }, { "label": 2, "text": "national city bancorp ncbm o st qtr net shr cts vs cts net vs reuter" }, { "label": 2, "text": "oneok inc oke nd qtr feb net shr dlrs vs dlrs net mln vs mln revs mln vs mln mths shr dlrs vs dlrs net mln vs mln revs mln vs mln note company reports earnings qtrly and includes the previous mths figures reuter" }, { "label": 1, "text": "texaco tx says some oil flows re established texaco inc has re established some key oil supply lines following yesterday s court filing for protection under chapter of the u s bankrupcty code said elton yates texaco s coordinator of worldwide operations several companies say they are willing to start trading yates told reuters in an interview the company last week had stated that a number of domestic and international oil suppliers were demanding cash for oil shipments and in some cases had cut supplies altogether banks had also cut credit lines it said in court filings manufacturers hanover corp mhc and other banks told texaco it would cut off a one billion dlr credit line texaco said in the court filing chase manhattan corp cmb and j p morgan co s jpm morgan guaranty trust co asked for deposits to cover transactions it said the severe conditions with suppliers and creditors arose from an unfavorable ruling last monday by the u s supreme court in texaco s ongoing dispute with pennzoil co pzl over the acquisition of getty oil co in the high court said texas courts must consider texaco s plea to cut its billion dlr bond while appealing the case most of the suppliers stayed with us as long as they could elton said but following monday s supreme court ruling texaco s suppliers began demanding cash and halting supplies it wasn t until last wednesday that it turned into an avalanche he said supplies were cut to the point where we could not run the system at anywhere near capacity he said less than half of texaco s oil supplies had been in jeapordy but the cut off would have produced severe shortages by mid may now the situation appears much less severe elton said it said that sonatrach the algerian national oil company canceled future deliveries of crude oil and natural gas occidental petroleum co oxy demanded cash for crude and atlantic richfield co arc asked for special safeguards the company also said british petroleum co plc bp last week refused to accept an order for fuel oil but yates today said a big u k company has in fact said they would go on supplying they had cancelled last week he declined to identify the company petroleos de venezuela s a the venezuelan state oil company that supplies a large portion of texaco s oil also halted shipments two weeks ago yates said but he added that texaco expected to meet with the venezuelans later today in an attempt to reestablish that key supply line talks were also expected to take place with the algerians he added bankruptcy specialists said it was likely texaco s chapter filing would allow the company to secure its credit lines and oil supplies that are key to the company s business it will be business as usual for texaco said martin klein a bankruptcy attorney at the new york law firm dreyer and traub creditors are a nervous bunch of people he said but when the dust settles they will reevaluate the situation and will likely extend credit to the chapter company but other officials at texaco were not immediately available to say whether discussions were being held with its banks or whether credit lines had been reestablished reuter" }, { "label": 2, "text": "national city bancorp ncbm o pct dividend national city bancorp said directors at the annual meeting declared a pct stock dividend payable may record april reuter" }, { "label": 2, "text": "flagler bank corp flgla o st qtr net shr cts vs cts net vs assets mln vs mln deposits mln vs mln loans mln vs mln note per share amounts adjusted for stock dividends reuter" }, { "label": 2, "text": "national city corp ncty o st qtr net shr primary cts vs cts shr diluted cts vs cts net mln vs mln avg shrs mln vs mln assets billion vs billion deposits billion vs billion loans billion vs billion return on assets pct vs pct note net includes securities gains of seven cts a shr vs two cts net includes loan loss provision of mln vs mln net charge offs totaled mln brining the loan loss reserve at the end of the qtr to mln reuter" }, { "label": 2, "text": "bank of new england bkne o post pro forma net bank of new england corp reported that pro forma first quarter earnings which reflect its combined operations under a pending merger with the conifer group rose to mln dlrs or cts a share from mln dlrs or cts a share in the merger is expected to close on april earlier bank of new england reported first quarter net income not taking the merger into account rose to dlrs from cts a share note first quarter of does not include restatement from recent acquisitions after restatement net income was mln dlrs the pro forma first quarter results include nonrecurring merger expenses of mln dlrs excluding these expenses growth in operating expenses of the combined companies was reduced from pct to pct during the first quarter loans and leases increased pct to billion dlrs and deposits grew pct to billion dlrs the provision for possible credit losses was mln dlrs in the first quarter compared with mln dlrs last year net charge offs were mln dlrs down from mln dlrs in reuter" }, { "label": 2, "text": "burnham american propoerties bapyz o nd qtr qtr ended march net vs revs vs six mths net vs revs vs note per share data not given as not comparable to net figures which are before depreciation reuter" }, { "label": 0, "text": "canada s wilson has no comment on dome dmp finance minister michael wilson said it was too early to comment on the tax implications of transcanada pipelines ltd s billion dlr offer for dome petroleum ltd the specific offer by transcanada is just in the course of being made and we don t have the details of all the elements of the proposal wilson told the house of commons daily question period opposition parties were questioning wilson about a possible loss of tax revenue if the takeover was completed because of the large tax credits held by dome reuter" }, { "label": 0, "text": "dauphin deposit dapn to acquire colonial dauphin deposit corp said it signed a definitive agreement to acquire colonial bancorp inc the agreement calls for colonial to be merged into dauphin deposit corp and colonial s subsidiary new holland farmers national bank to be merged into dauphin deposit bank and trust co the lead bank of dauphin deposit corp the company said shareholders of colonial will receive between and shares of dauphin common stock for each share of colonial depending on dauphin s current market value it said as of dec colonia bancorp had assets of mln dlrs dauphin said reuter" }, { "label": 1, "text": "kuwaiti daily says opec credibility at stake opec s credibility faces fresh scrutiny in coming weeks amid signs of a significant rise in supplies of oil to international oil markets the kuwait daily al qabas said in an article headlined gulf oil sources say middle east production up mln bpd and markets witness new surplus amid whispers of return to cheating days it warned opec s official prices could face fresh pressure from international oil companies seeking cheaper supplies it did not say whether only opec or opec and other producers were behind the reported rise in mideast output nor did it specify if the sources were official or other contacts the sources said the credibility of opec would come under fresh scrutiny from monday with activity in the european and american markets it said the sources were quoted as saying that after opec had in march demonstrated its commitment to quota agreements some members had raised output last week it gave no details dealers in oil markets were now waiting to see if opec was able to control production or whether the days of cheating and producing over quotas has begun anew it reported the sources warned that maybe the price of a barrel of oil will fall below perhaps dlrs this week or next if there is no control on supplies the sources believed a return of oil below dlrs a barrel may open the doors for international oil companies to pressure opec over contract prices similar to the struggle last march it said apparently referring to resistance by buyers to lift from qatar unless it gave price discounts more than one official has warned opec would find its solidarity under scrutiny by the end of april or start of may it said noting demand usually fell with the onset of summer reuter" }, { "label": 1, "text": "doe resolves issues with royal dutch rd unit the energy department said it had approved in final form an agreement that resolves all remaining issues with shell oil co over oil pricing and allocation controls that ended in under the agreement the royal dutch shell group unit agreed to pay mln dlrs to settle refiner pricing issues and mln dlrs to settle crude oil pricing issues doe said doe said that before making the pact final it modified it to reflect shell s compliance with the tertiary incentive program a provision not in the version published last dec reuter" }, { "label": 0, "text": "cellular communications comm o closes buyout cellular communications inc said that a unit purchased a pct interest in the cincinnati non wireline cellular system as a result of the transaction the company said it now owns pct of the system in cincinnati reuter" }, { "label": 2, "text": "athlone industries inc ath sets qtly dividend qtly div cts vs cts prior pay may record may one reuter" }, { "label": 2, "text": "first federal savings bank ffsd o nd qtr net qtr ended march shr cts net vs six mths shr dlrs net vs note bank went public on dec reuter" }, { "label": 2, "text": "plantronics inc plx rd qtr march net shr cts vs cts net vs sales mln vs mln nine mths shr dlrs vs dlrs net vs sales mln vs mln note current qtr and nine mth net include dlr gain on asset sales prior nine mth net includes mln dlr asset sale gain reuter" }, { "label": 0, "text": "gaf gaf seeks information on borg warner bor gaf corp said it is exploring its options in response to merrill lynch capital partners billion dlr offer for borg warner corp and it has asked for all information that was supplied to merrill lynch a gaf spokesman said the company asked for the information in order to enable gaf to fully evaluate its alternatives the spokesman also confirmed that gaf did raise its bid to dlrs cash from dlrs per share on friday merrill is offering dlrs per share cash for pct of borg warner and a package of cash and securities for the balance the transaction with merrill lynch will take borg warner private in the form of a leveraged buyout merrill lynch does not intend to sell borg warner assets but it may be forced to do so in financing the deal said sources familiar with the transaction borg warner has said its management is not a participant in the transaction but managers will retain their positions the investors involved with merrill include pension funds insurance companies and other institutional investors sources said analysts believe gaf which owns pct of borg warner will raise its offer that speculation drove borg warner stock up to in heavy trading gaf closed at off reuter" }, { "label": 1, "text": "abu dhabi marketing said not breaching opec pact a senior abu dhabi oil official said in remarks published today the emirate largest producer in the united arab emirates uae was succeeding in marketing its crude oil without breaching opec accords khalaf al oteiba marketing director at the abu dhabi national oil co adnoc told the company s petroleum community magazine adnoc was also keen to keep good customer relations the company will maintain its dialogue with and care for its customers in accordance with market conditions and take necessary steps to guarantee marketing its production he said the present oil marketing policy of adnoc is based on adherence to opec decisions of december to control production and establish a new pricing system in an attempt to stabilize the market he added opec agreed last december to limit production to mln bpd and return to fixed prices averaging dlrs a barrel oteiba said stabilization of the oil market in the future depended on how much discipline opec showed oteiba said last year when world oil prices dropped was adnoc s most difficult ever but a practical and flexible pricing policy was implemented to relate to the changed market environment he said crude oil sales last year jumped to an average bpd of which pct was exported refined product sales totalled eight mln metric tonnes of which pct was exported in adnoc marketed a total of bpd of crude oil and mln tonnes of refined products reuter" }, { "label": 2, "text": "rhnb corp rhnb st qtr net shr cts vs cts net vs loans mln vs mln deposits mln vs mln assets mln vs mln reuter" }, { "label": 0, "text": "kraft kra completes acquisition kraft inc said it completed the acquisition of holleb and co a foodservice distributor based in bensenville ill terms were withheld it said holleb s sales were about mln dlrs reuter" }, { "label": 2, "text": "first of america bank inc fabk o st qtr net shr dlrs vs dlrs net vs avg shrs vs loans billion vs billion deposits billion vs billion assets billion vs billion reuter" }, { "label": 2, "text": "lomak petroleum inc lomk o year loss shr loss cts vs loss cts net loss vs loss revs mln vs mln acg shrs mln vs mln reuter" }, { "label": 0, "text": "newmont nem stake in du pont dd declines newmont mining corp held du pont co shares or about pct of those outstanding at the end of down from the shares or pct of those outstanding it held a year earlier newmont s annual report said corrects march item to show holdings decreased reuter" }, { "label": 2, "text": "bankeast corp benh o st qtr net shr cts vs cts net vs assets billion vs mln deposits mlnvs mln loans mln vs mln note results restated to reflect acquisition of united banks corp reuter" }, { "label": 2, "text": "ust corp utsb o st qtr net shr cts vs cts net vs assets billion vs billion deposits billion vs billion note results restated to reflect a pct stock dividend reuter" }, { "label": 2, "text": "central ill public service cip st qtr net shr cts vs cts net vs revs mln vs mln note full name is central illinois public service co per share results reflect payment of preferred dividends reuter" }, { "label": 0, "text": "thera care inc to acquire cushing thera care inc said it agreed to acquire cushing and associates of glendale calif in exchange for thera care shares reuter" }, { "label": 0, "text": "interco iss completes lane lane acquisition interco inc said its shareholders and those of lane co approved a merger of the two companies at special meetings as previously announced lane s shareholders will receive shares of interco common stock for each share of lane stock held interco said the merger becomes effective april reuter" }, { "label": 0, "text": "hmo america hmoa agrees to be acquired hmo america inc said it signed a letter of intent with mount sinai medical center here and an affiliate providing that all of its common and preferred stock be acquired by a new not for profit company to be controlled by mount sinai and other chicago area not for profit hospitals who may elect to participate in the acquisition the form of the transaction has not yet been determined it said according to terms hmo s shareholders would receive a combination of cash and debt securities to be issued by the buyer in exchange for their outstanding shares of common and preferred stock it said the amount of cash per share has not yet been determined it added arrangements for financing have not yet been made and there can be no assurance that any financing will be received hmo said closing of the proposed transaction if it is completed is expected on or before november it said reuter" }, { "label": 2, "text": "everest and jennings ej a qtly dividend shr five cts vs five cts prior qtr pay may record april reuter" }, { "label": 2, "text": "ps group inc psg qtly dividend shr cts vs cts prior qtr pay may record april reuter" }, { "label": 0, "text": "dome dmp benefits from takeover speculation shares of dome petroleum ltd posted their biggest gain in months in the u s and canada as stock markets foresaw a takeover tug of war beginning for the debt heavy company dome rose to on the american stock exchange and gained cents to canadian dlrs on the toronto stock exchange where it was the most active stock it rose as high as dlrs in toronto during the day in recent months dome has normally moved by only a few cents per day transcanada pipelines yesterday announced a billion dlr canadian billion u s bid for all of dome s assets but dome which is based in calgary alberta said it is also still talking with two other companies which it refuses to identify market analysts today said the other two firms are believed to be foreign oil companies noting that transcanada yesterday stressed that its bid is a canadian solution to the financial difficulties of dome petroleum the talk is about conoco which is controlled by dupont dd and atlantic richfield co arc which sold its canadian interest in and could be getting back in said wilf gobert of peters and co ltd david bryson of moss lawson and co also noted that british petroleum plc bp is mentioned as a possible buyer despite bp s u s dlr per share bid two weeks ago for the percent of standard oil co srd it does not already own calgary based independent analyst james hamilton has said in recent reports that amoco corp an has also been in talks with dome representatives of atlantic richfield british petroleum conoco and amoco were not immediately available for comment gobert characterized the market action in dome today as awfully optimistic given transcanada s offer to give current dome shareholders stock in a new subsidiary which it valued at dlrs canadian per common share under the offer current dome common and preferred shareholders would own pct of the new subsidiary which would own and operate all dome s former assets transcanada would own pct however bryson said the market may be looking at the potential for shares in a publicly traded subsidiary the transcanada offer has quite a bit of upside potential for dome he said gobert said he believes the transcanada offer is at the upper end of what i thought somebody would pay for dome the transcanada proposal would pay dome s creditors billion canadian dlrs billion u s dlrs with another one billion canadian dlrs mln u s dlrs available to secured creditors if the dome subsidiary earns profits above a certain level transcanada would not detail the profit level dome currently is seeking to restructure about six billion canadian dlrs billion u s dlrs in debt which it took on several years ago when oil prices were high and the company wanted to expand there has been speculation that dome s assets are capable of supporting debt of three to four billion dlrs so on that basis the transcanada offer would be at the upper end of that gobert said dome s debt troubles have often obscured the fact that it is a major player in the canadian oil and gas field it holds reserves of about mln barrels of crude oil and billion cubic feet of natural gas the company also owns or has an interest in mln acres of oil and gas exploration land in the province of alberta the heart of canada s oil industry dome owns or has an interest in a total of mln acres of land across canada the company also has tax credits of about billion dlrs canadian billion dlrs u s it reported a loss of billion dlrs billion dlrs u s believed to be the largest ever by a canadian company reuter" }, { "label": 4, "text": "u s bill auction rates average pct the u s treasury said its weekly auction of three month bills produced an average rate of pct with a pct rate on six month bills these rates compared with averages of pct for the three and pct for the six month bills sold last week the bond equivalent yield on three month bills was pct accepted bids ranges from to pct and pct of the bids at the high or stopout rate were taken for six months the yield was pct and the bids ranged from pct to pct with pct of the bids accepted the treasury said it received billion dlrs of bids for the three month bills including billion dlrs in non competitive bids from the public it accepted billion dlrs of bids including billion dlrs from the federal reserve and mln dlrs from foreign and international monetary authorities some billion dlrs in bids for six month bills were received including mln dlrs in non competitives the treasury accepted billion dlrs including billion dlrs from the fed and billion dlrs from foreign and international authorities the average price for the three month bills was and prices ranged from to the average price for the six months bills was and prices ranged from to the average yield on the three month bills was the highest since pct on june the average yield on the six month bills was the highest since pct on june reuter" }, { "label": 0, "text": "group raises computer memories cmin stake a shareholder group led by far hills n j investor natalie koether said it raised its stake in computer memories inc to shares or pct of the total outstanding from shares or pct in a filing with the securities and exchange commission the group which includes sun equities corp an investment firm said it bought a net computer memories common shares since march at prices ranging from three to dlrs a share for capital appreciation the group had earlier abandoned plans to seek control of the company and lowered its stake to less than five pct reuter" }, { "label": 0, "text": "hong kong firm has pct of mcgill mgll o industrial equity pacific ltd told the securities and exchange commission it has acquired shares of mcgill manufacturing co inc or pct of the total outstanding common stock industrial equity which is principally owned by brierley investments ltd a publicly held new zealand firm said it bought the stake for mln dlrs for investment purposes it said it may add to its stake or sell some or all of it but has no plans to seek control of the company reuter" }, { "label": 2, "text": "montgomery street income mts st qtr net shr cts vs cts net vs note full name montgomery street income securities inc reuter" }, { "label": 0, "text": "northair nrm to opposing norquest nqrlf bid northair mines ltd said it would oppose nor quest resources inc s earlier reported proposed takeover bid with every means at its disposal saying this attempt at a property grab is an insult to the intelligence of our shareholders it said nor quest s offer to swap one nor quest share plus one dlr for two northair shares would seriously dilute northair s equity in its willa mine in british columbia our company is in sound financial position and production financing can be readily arranged when required we re not looking for a partner and if we were it certainly wouldn t be these guys northair said reuter" }, { "label": 0, "text": "texas air tex unit completes system sale texas air corp s eastern airlines said it completed its previously announced plan to sell its travel agency automation system systemone direct access inc and its computer and communications support unit eal automation systems inc to systemone corp a wholly owned subsidiary of texas air corp reuter" }, { "label": 2, "text": "ncnb corp ncb st qtr net shr cts vs cts net mln vs mln assets billion vs billion loans billion vs vs billion deposits billion vs vs billion reuter" }, { "label": 0, "text": "investment firm has pct of blasius blas o fidelity international ltd a bermuda based investment advisory firm and an affiliated investment firm american values iii n v said they have acquired share of blasius industries inc in a filing with the securities and exchange commission the group said it bought the stake which amounts to pct of the total outstanding common stock to acquire an equity interest in the company for investment purposes the group said it may raise its stake or sell some or all of it and has no plans to seek control of the company reuter" }, { "label": 2, "text": "isc systems iscs o rd qtr march net shr seven cts vs cts net vs revs mln vs mln nine mths shr cts vs cts net vs revs mln vs mln reuter" }, { "label": 0, "text": "adams russell aar to acquire cable systems adams russell co inc said it agreed to acquire cable television systems serving about customers in new york state from sammons communications inc for undisclosed terms adams russell said the systems operate in wellsville amity andover scio willing belmont milo jerusalem benton and penn yan n y reuter" }, { "label": 2, "text": "independent bank corp ibcp o st qtr net shr cts vs shr cts net vs reuter" }, { "label": 1, "text": "gulf canada goc acquires suez oil stake gulf canada corp said it acquired a pct working interest in the gulf of suez oil concession for undisclosed terms the company said its agreement with operator conoco hurghada inc and hispanoil covered the acre east hurghada offshore concession it said a mln u s dlr four well program was planned for after the acquisition which is subject to egyptian government approval working interests in the hurghada block will be conoco hurghada at pct hispanoil pct and gulf canada the balance reuter" }, { "label": 2, "text": "convergent technologies cvgt o sees qtr loss convergent technologies inc said it expects to report in the first quarter a loss more than twice the size of the mln dlr loss reported in the fourth quarter of convergent reported a first quarter profit of dlrs or five cts per share the company said results declined in the quarter both in its traditional oem business and its business systems group the anticipated loss reflects lower than expected operating margins start up costs for new product manufacturing and higher than planned expenses reuter" }, { "label": 0, "text": "interco iss shareholders approve merger interco inc said its shareholders and shareholders of the lane co lane o approved the merger of the two companies in the merger lane s stockholders will receive shares of interco common stock for each outstanding share of lane common stock interco said reuter" }, { "label": 2, "text": "john h harland co jh st qtr net shr cts vs cts net mln vs revs mln vs mln reuter" }, { "label": 2, "text": "travelers realty income investors st qtr net shr cts vs cts qtrly div cts vs cts prior net vs note dividend payable may to shareholders of record april reuter" }, { "label": 0, "text": "dotronix inc dotx o to buy video monitors dotronix inc said it agreed in principle to buy video monitors inc a privately held company in payment for the acquisition dotronix will issue unregistered shares of its common stock notes worth mln dlrs payable over three years and about dlrs in cash dotronix said video monitors sales for the fiscal year ended april were mln dlrs dotronix had income of dlrs on sales of mln dlrs for the six months ended dec as previously reported reuter" }, { "label": 2, "text": "develcon electronics ltd dlcff nd qtr loss period ended feb shr loss cts vs loss cts net loss vs revs vs six mths shr loss cts vs loss cts net loss vs loss revs vs reuter" }, { "label": 1, "text": "texaco filing adds uncertainty in oil market u s oil traders said texaco inc s filing for protection under the chapter bankruptcy code is adding uncertainty to an already skittish oil market but opinions are divided on the impact to the market the filing is holding up wet barrel trading today said one trader everyone is talking about it assessing their company s situations in relation to texaco he added some traders said companies that deal with texaco are concerned about whether they will receive payment or supplies under the bankruptcy filing however others were less worried the first paid will be the trading community and those connected with texaco in the shipping industry one new york trader said if texaco doesn t get crude supplies it can t run its refineries so its other assets would not be worth anything he added texaco filed for protection under chapter of the u s bankruptcy code yesterday after failing to reach a settlement with pennzoil on an billion dlrs court award for illegally interferring with pennzoil s proposed purchase of getty oil co however others were less worried the first paid will be the trading community and those connected with texaco in the shipping industry one new york trader said if texaco doesn t get crude supplies it can t run its refineries so its other assets would not be worth anything he added texaco filed for protection under chapter of the u s bankruptcy code yesterday after failing to reach a settlement with pennzoil on an billion dlrs court award for illegally interferring with pennzoil s proposed purchase of getty oil co there is some reluctance to trade with texaco but no great change said another trader adding that traders are tending toward prudence in their dealings with the company traders are assessing whether to require cash prepayment or letters of credit or to continue to trade as usual with texaco on an open line basis he said another trader however described today s activity as business as usual adding that traders feel more secure because no liens can be put on texaco s assets while it is in bankruptcy traders said there was no apparent effect of the texaco filing on crude futures trading although they said the exchange might lower texaco s position limit and require higher margins for texaco s trades new york mercantile exchange president rosemary mcfadden declined to comment on texaco s futures trading saying that is is proprietary information mcfadden did say however that as a matter of procedure it is possible the exchange can lower allowable position limits or increase margin requirements for companies that are in financial trouble reuter" }, { "label": 2, "text": "valley national corp vncp o st qtr net shr dlrs vs dlrs net mln vs mln assets billion vs billion deposits billion vs billion net loans billion vs billion reuter" }, { "label": 2, "text": "otter tail power co ottr o sets dividend qtly dividend cts vs cts pay june record may reuter" }, { "label": 0, "text": "merrill to get mln dlr fee in borg bor deal merrill lynch and co inc mer subsidiary seeking to take over of borg warner corp said it could realize a mln dlr fee for its efforts whether or not the deal which it values at billion dlrs succeeds in a filing with the securities and exchange commission merrill lynch capital partners inc said it would receive a mln dlr fee from the surviving company for acting as dealer manager of the merger after the borg warner deal is completed but it said it could also receive a break up fee of mln dlrs if the deal fails for reasons which include another party holding more than pct of its stock or tendering for pct the mln dlr fee is among the highest set down in any tender offer agreement either in compensation for dealer manager services or for break up of the deal merrill lynch capital markets backed by a group of investors it organized has launched a dlr a share tender offer for borg warner for pct of its stock the company s board has approved the plan which was intended to thwart an unsolicited offer from gaf corp borg warner also agreed to redeem all outstanding series a preferred shares and to pay off on all options at a dlr a share exercise price before the merger is effective it said merrill lynch said its representatives discussed a possible leveraged buyout with borg warner as early as last december at that time merrill lynch told the company it would consider a dlr a share tender offer in cash and securities if the borg warner board approved it said on feb it said it was told the company had decided against a buyout but talks were revived after gaf launched its dlr a share proposal on march merrill lynch said unlike its earlier proposal merrill lynch said borg warner management was asked not to take part in the new deal and it was conditioned upon payment of the fees in addition to its fees merrill lynch said it will also get up to mln dlrs from borg warner to cover its expenses in the tender offer merrill lynch said it would continue operating borg warner as a subsidiary with its current officers keeping their positions but for flexibility purposes merrill lynch said it is considering redistributing borg warner s assets to a number of subsdiaries of an entity it created to carry out the merger all in all merrill lynch estimated that there would be mln dlrs in fees and expenses connected with the deal another mln dlrs will be needed to repay certain debt of borg warner merrill lynch said to finance the deal merrill lynch said it expects to borrow billion dlrs from a group of banks and sell mln dlrs of common stock of the new company sell mln dlrs of non voting preferred stock of the new company to merrill lynch and co sell up to mln dlrs of subordinated notes to merrill lynch and co and sell to the public mln dlrs of subordinated discount debentures gaf has raised its offer to dlrs a share cash reuter" }, { "label": 0, "text": "chrysler c non profit group sells unit chrysler corp s chrysler motors corp said its chrysler training corp non profit organization sold the name and assets of its motech auto mechanic and body shop schools to o e corp of troy mich the sale price was not disclosed under the internal revenue service code proceeds from the sale of motech must be donated to another tax exempt nonprofit organization chrysler did not reveal the name of the group that received the proceeds reuter" }, { "label": 2, "text": "potlatch corp pch st qtr net shr cts vs cts net mln vs mln sales mln vs mln reuter" }, { "label": 0, "text": "diceon electronics dicn o to buy symtron corp diceon electronics inc said it has entered an agreement in principal to buy closely held symtron corp in a stock exchange transaction under the pact diceon would exchange shares of its stock for all of symtron s shares the acquisition which is subject to board approval and a definitive agreement is expected to be concluded during may diceon said symtron management would continue running the business which would become a wholly owned subsidiary symtron had sales of about mln dlrs reuter" }, { "label": 1, "text": "ecuador says will resume limited oil production ecuador will resume limited crude output next week to fill up storage tanks as a first step to pump oil to a colombian pipeline on may one the state ecuadorean petroleum corp cepe said cepe manager carlos romoleroux told reporters that ecuador would begin pumping an unspecified amount of crude in northeastern jungle oilfields at the end of next week in preparation to send the oil through a new pipeline link up to neighbouring colombia oil production in ecuador was halted on march five when an earthquake damaged the country s main pipeline from lago agrio at the heart of the ecuadorean jungle oilfields to the pacific port of balao it will take at least until the end of july to repair the pipeline and return output to normal levels the country was pumping between bpd and bpd before the tremor to resume limited output in the meantime ecuador is constructing a mile pipeline linkup capable of carrying bpd from lago agrio to puerto colon the starting point of colombia s pipeline to the pacific port of tumaco the original target date to resume limited crude output was may eight the scheduled date for the inauguration of the lago agrio to puerto colon pipeline an energy ministry spokesman said reuter" }, { "label": 7, "text": "miyazawa sees eventual lower u s trade deficit japanese finance minister kiichi miyazawa told a press conference he expects the u s trade deficit to eventually start reflecting economic fundamentals which should influence exchange rates the minister was not referring to the u s trade data to be released in washington later today miyazawa also said he told major industrial nations when he was in washington last week that present exchange rates are not necessarily good he had said earlier in washington that current exchange rates were within levels implied in the february paris currency accord reuter" }, { "label": 0, "text": "no talks set on proposed japan telecom merger no formal talks have been scheduled yet among companies involved in a controversial proposal to merge two groups seeking to enter japan s international telecommunications sector an official from one group said nothing has been firmed up yet said an official at international digital communications planning inc idc one of the groups set up last year to study competing against kokusai denshin denwa co ltd which monopolises the sector britain s cable and wireless plc cawl l which holds a pct share in idc has opposed plans to merge with rival group international telecom japan inc under the plan backed by the post and telecommunications ministry cable and wireless and u s based pacific telesis international inc would become core companies in the merged firm with shares equal to those of the six major japanese core companies and seats on the board of directors britain angry over what it feels are moves to restrict cable and wireless role in the sector views the issue as a test case the idc official declined to specify what was holding up the talks a spokesman for c itoh and co ltd citt t which holds pct of idc said a meeting may be held later this week reuter" }, { "label": 5, "text": "bank of japan intervening to support dollar against yen dealers" }, { "label": 0, "text": "bank of china buys share in luxembourg company state owned bank of china has bought a three to five pct share of baii holding sa a financial institution registered in luxembourg the china daily business weekly said it said the institution is pct owned by arab interests and has set up a wholly owned commercial banking branch in hong kong but gave no more details reuter" }, { "label": 1, "text": "saudi arabia wants to increase oil sales to japan saudi arabia hopes to increase the volume of its oil exports to japan through expanding bilateral trade saudi arabian interior minister naif bin abdul aziz said he told a tokyo reception his country hopes to raise crude and products exports to japan to earlier levels but did not elaborate to promote trade saudi arabia is inviting japanese industries to do business there he said japanese firms now have long term contracts to import a total of barrels per day of saudi crude reuter" }, { "label": 5, "text": "japan s ldp to call for flexible monetary policies japan s ruling liberal democratic party ldp will call for adequate and flexible management of the nation s monetary polices in its plan to expand domestic demand a senior ldp official told reuters junichiro koizumi the head of the ldp committee working out the plan said the phrase should not be taken as implying an immediate cut in japan s pct discount rate the ldp generally believes that there is no need for a further discount rate cut at the moment he said but koizumi said the ldp does not rule out a rate cut if necessary in the future bank of japan governor satoshi sumita told a press conference on wednesday that the central bank does not have any intention of easing credit conditions reuter" }, { "label": 7, "text": "japan details plan to stave off trade problems japan s liberal democratic party ldp has drawn up a detailed plan calling for large tax cuts and an increase in government purchases of foreign goods the head of the committee working out the plan junichiro koizumi said the plan will also urge the government to double s official development assistance to billion dlrs within five years instead of seven as the government had promised senior ldp officials said at a press conference ldp executive council chairman shintaro abe will explain the plan to u s officials when he visits the u s on april abe s visit is to prepare for prime minister yasuhiro nakasone s talks with president ronald reagan later this month koizumi said the ldp plan will not specify the size of the tax cut or the amount of domestic demand to be stimulated however top ldp executives will work out figures so that abe will be able to offer specifics to u s officials the proposed increase in procurement of foreign goods by the government will probably include the purchase of super computers ldp officials said specific trade problems with other nations and will encourage flows of funds to developing countries the officials said the ldp expects the measures to prop up the economy and lessen trade problems with the u s they added the basic ideas of the ldp s plan were presented to and welcomed by monetary authorities of the major industrial nations in washington last week they said the ldp plan will form the basis for the last of several packages to stimulate japanese domestic demand and will be unveiled by the government in late may reuter" }, { "label": 7, "text": "japan farm reform a key to trimming trade surplus basic reform of japan s protected farm sector is a key to shifting its economy away from export to domestic led growth a vital step if it is to trim its trade surplus securities analysts said the farm sector which is protected by import tariffs and quotas propped up by subsidies and price supports and sheltered by the tax system has ample room for change they said in economic terms reform would be a plus said christopher chew of brokerage firm james capel and co the ultimate cost of the existing system is food prices twice those in europe and two to three times those in the u s the analysts said spending on food accounts for about one quarter of the average household s budget and roughly pct of the gross national product gnp according to a study by chew reducing these prices could increase household spending power by five pct his study said the money could be spent on products which would have a more direct impact in boosting domestic growth it added there s a lot of slack a u s government official in tokyo said all that money could be spent on something else direct central government subsidies to the farm sector amount to some five billion dlrs per year independent estimates put total subsidies from all sources as high as billion and the analysts said much of that money is wasted changing tax laws to encourage city residents who only farm on weekends to put their land up for sale for residential development would also give a boost to domestic spending economists said housing construction is the key strategic variable in the expansion of domestic demand wrote chihiro nakajima professor at kyoto gakuen university japanese business groups are calling for staged farm reform to shift some of the burden of trade friction and economic restructuring away from the manufacturing sector and onto the farm sector employers groups also want change if you really want to expand domestic demand the way to do it is not to raise wages recklessly but to reduce commodity prices bumpei otsuki president of the japan federation of employers associations told a recent press conference external pressures are rising as the u s and europe seek removal of tariffs and quotas to help reduce their trade deficits with japan but vested japanese interests opposed to change remain well entrenched dimming prospects for quick reform analysts said although the full time farm population is falling and there are signs the ldp is paying more attention to urban constituencies the ruling party remains heavily dependent on farm votes in the rural areas one rural vote is worth several city votes due to the pattern of constituency borders the ldp is already in political trouble over its tax reform plan and does not want to raise another sticky issue so soon the analysts said consumer groups are politically weak and tend to accept the traditional view that higher prices are a small fee to pay for national food security they said powerful agricultural cooperatives are fiercely opposed to import liberalisation but are more flexible about reforms aimed at stepping up productivity they said reform when it comes will be in response to specific pressure rather than an all embracing program said chew reuter" }, { "label": 7, "text": "japan details plan to stave off trade problems japan s liberal democratic party ldp has drawn up a detailed plan calling for large tax cuts and an increase in government purchases of foreign goods the head of the committee working out the plan junichiro koizumi said the plan will also urge the government to double s official development assistance to billion dlrs within five years instead of seven as the government had promised senior ldp officials said at a press conference ldp executive council chairman shintaro abe will explain the plan to u s officials when he visits the u s on april abe s visit is to prepare for prime minister yasuhiro nakasone s talks with president ronald reagan later this month koizumi said the ldp plan will not specify the size of the tax cut or the amount of domestic demand to be stimulated however top ldp executives will work out figures so that abe will be able to offer specifics to u s officials the proposed increase in procurement of foreign goods by the government will probably include the purchase of super computers ldp officials said according to the plan japan will also strive to solve specific trade problems with other nations and will encourage flows of funds to developing countries the officials said the ldp expects the measures to prop up the economy and lessen trade problems with the u s they added the basic ideas of the ldp s plan were presented to and welcomed by monetary authorities of the major industrial nations in washington last week they said the ldp plan will form the basis for the last of several packages to stimulate japanese domestic demand and will be unveiled by the government in late may reuter" }, { "label": 7, "text": "baldrige to launch far east trade drive u s commerce secretary malcolm baldrige leaves on saturday on a day trip to the far east to help spur u s trade and improve business relations with china south korea and the philippines u s officials say baldrige will also stop in hong kong to meet british officials and local u s and hong kong businessmen the u s last year had major deficits with three of its asian trading partners south korea billion dlrs hong kong billion and china billion the deficit with the philippines was mln dlrs baldrige will meet south korean president chun doo hwan and trade minister rha woong bae on monday to discuss opening south korean markets to more u s goods baldrige will be in peking from april to he will meet zheng tuobin minister for foreign economic relations and trade attend a meeting of the u s china joint commission on commerce and trade and address a management and training organisation however u s officials said a chief purpose of baldrige s visit would be to discuss relaxed u s rules for transferring modern technology to chinese industries in hong kong baldrige will hold meetings on april with governor david wilson and trade and industry secretary eric ho as well as addressing the american chamber of commerce u s officials said baldrige will meet philippines president corazon aquino on april to show continued u s support for her government and to discuss steps it could take to improve the atmosphere for american investment he will also will meet finance secretary jaime ongpin and trade and industry secretary jose concepcion reuter" }, { "label": 2, "text": "federated guaranty fdgc o sets stock split federated guaranty corp said its board declared a two for one stock split and raised the quarterly dividend to cts per share post split from six cts both payable june one record may the company said shareholders at the annual meeting approved an increase in authorized common shares to mln from mln and a name change to alfa corp it said the name change should take effect next week along with a nasdaq ticker symbol change to alfa o reuter" }, { "label": 7, "text": "reagan to announce decision on japan sanctions president reagan today is to announce a decision on tough new tariffs on japanese exports to retaliate for what he calls japan s failure to end its unfair practices in semiconductor trade the pct tariffs are to be imposed on mln dlrs of japanese goods recommended for curbs by a special panel of experts headed by the u s trade representative s office reagan announced last march he would impose the tariffs on certain goods taken from a list that ranged from computors and television sets to power tools and photographic film the panel this week winnowed through the list of the some products and sent their recommendations yesterday to santa barbara where reagan is vacationing in his march annoucement reagan said i am committed to full enforcement of our trade agreements designed to provide american industry with free and fair trade opportunities he added the tariffs would be lifted once japan honored the pact it signed last year to end dumping semiconductors in world markets and opened its home market to u s products u s officials said japan had done nothing since the march announcement to alter reagan s plan to invoke the sanctions white house spokesman marlin fitzwater said yesterday we do not want a trade war but we feel that this is the kind of action that requires meaningful action reagan s move follows steadily rising u s trade deicits with last year s hitting a record billion about one third of the deficit is in trade with japan congress is weighing a trade bill to force the president to retaliate in certain cases of unfair trade practices he has opposed the legislation saying it would prevent negotiated solutions to trade disputes and in any case that existing law was adqeuate to end unfair trade practices trade experts say his tough action against the japanese was as much to penalize the japanese as to show congress he did not need any new trade legislation the japanese have complained that they have been honoring the semiconductor pact but that it would take time before the results showed up u s officials however have said their monitoring of japanese semiconductor shipments to east asian countries and western europe showed no letup in the dumping and that the japanese home markets remained shut to american exports japan has said that if reagan imposed the tariffs it would file a complaint with the general agreement on tariff and trade gatt it said hoped gatt would find the u s retaliation had violated the regulations of the global trading group and would approve compensation or japanese retaliation u s officials have said they did not think japan would retaliate because it had too much to lose in any trade war with the united states reuter" }, { "label": 2, "text": "union planters corp upcm o st qtr net shr cts vs dlrs qtly div cts vs cts prior net vs avg shrs vs note dividend pay may record may one reuter" }, { "label": 0, "text": "union planters upcm o acquisitions approved union planters corp said it has received regulatory approvals for its previously announced acquisitions of borc financial corp and first citizens bank of hohenwald and approval of its acquisition of merchants state holding co is expected within days all are to be completed during the second quarter of it said reuter" }, { "label": 2, "text": "pioneer savings bank inc psbn o nd qtr net march end shr cts vs cts net vs avg shrs vs st half shr dlrs vs dlrs net vs avg shrs vs reuter" }, { "label": 2, "text": "management science america inc msai o st qtr shr loss cts vs loss two cts net loss vs loss revs mln vs mln avg shrs mln vs mln note net includes tax credits of dlrs vs dlrs reuter" }, { "label": 2, "text": "general housewares corp ghw st qtr net shr two cts vs one ct net vs sales mln vs mln note net includes gain dlrs from change in pension accounting reuter" }, { "label": 2, "text": "oakite products inc okt st qtr net shr cts vs cts net vs sales mln vs mln reuter" }, { "label": 2, "text": "bha group inc bhag o nd qtr march net shr cts vs cts net vs sales vs avg shrs vs st half shr cts vs cts net vs sales mln vs mln avg shrs vs reuter" }, { "label": 2, "text": "p a m transportation services inc ptsi o net st qtr shr cts vs cts net vs revs mln vs avg shrs vs reuter" }, { "label": 2, "text": "first federal bank ffbn o nd qtr march net shr cts vs cts net vs total income vs st half shr dlrs vs dlrs net vs total income mln vs mln reuter" }, { "label": 2, "text": "global natural resources inc gnr th qtr loss oper shr loss five cts vs loss nil ope net loss vs loss revs vs mln avg shrs mln vs mln year oper shr profit cts vs loss one ct oper net profit vs loss revs mln vs mln avg shrs mln vs mln note net excludes extraordinary tax charges dlrs vs dlrs in quarter and credits dlrs vs dlrs in year reuter" }, { "label": 2, "text": "first interstate of iowa inc fiia o st qtr shr profit two cts vs loss two cts net profit vs loss note pretax net profit dlrs vs loss dlrs charge against earnings for loan losses dlrs vs dlrs and net chargeoffs dlrs vs dlrs reuter" }, { "label": 2, "text": "double eagle petroleum and mining co dblb o nd qtr feb shr loss two cts vs loss eight cts net loss vs loss revs vs st half shr loss cts vs loss eight cts net loss vs loss revs vs reuter" }, { "label": 2, "text": "k tel international inc nd qtr dec loss shr loss two cts vs profit cts net loss vs profit sales vs mln st half shr loss cts vs loss seven cts net loss vs loss sales mln vs mln reuter" }, { "label": 2, "text": "electromagnetic sciences inc elmg o st qtr shr cts vs cts net vs sales mln vs backlog mln vs mln reuter" }, { "label": 2, "text": "cape cod bank and trust co ccbt o st qtr net shr cts vs cts shr diluted cts vs cts net vs avg shrs vs avg shrs diluted vs reuter" }, { "label": 0, "text": "holiday corp hia sells stake in venture residence inn corp said it has agreed to buy holiday corp out of their equaly owned joint venture for mln dlrs with closing expected within the next few weeks the all suite residence inn system which is geated to extended stays currently has open franchised or company owned hotels nationwide and another in construction or development reuter" }, { "label": 2, "text": "cadnetix corp cadx o rd qtr march net oper shr cts vs five cts oper net vs sales mln vs avg shrs mln vs mln nine mths oper shr cts vs cts oper net vs sales mln vs mln avg shrs mln vs mln note prior year net excludes extraordinary credits of dlrs in quarter and dlrs in nine mths reuter" }, { "label": 2, "text": "bush industries inc bsh st qtr net shr cts vs cts net vs sales mln vs mln note share adjusted for three for two stock split in february reuter" }, { "label": 2, "text": "plasti line inc sign o st qtr net shr cts vs cts net vs sales mln vs reuter" }, { "label": 2, "text": "endata inc data o st qtr net oper shr cts vs cts oper net vs revs vs note net excludes dlr tax credit reuter" }, { "label": 2, "text": "roto rooter inc roto st qtr net shr cts vs cts net vs revs mln vs reuter" }, { "label": 2, "text": "birdsboro corp th qtr loss shr loss cts vs loss cts net loss vs loss sales vs year shr loss dlrs vs loss cts net loss mln vs loss sales mln vs mln note year net includes pretax realized loss on secureity transaction of dlrs net includes tax credits of dlrs vs dlrs in quarter and dlrs vs dlrs in year net both periods includes gain dlrs from pension plan termination reuter" }, { "label": 2, "text": "dynamics research corp drco o st qtr march shr cts vs cts net vs revs mln vs mln note share adjusted for five for four stock split in january reuter" }, { "label": 2, "text": "martin processing inc mpi st qtr net oper shr cts vs cts oper net vs sales mln vs mln note net excludes dlr gain from discontinued machinery division reuter" }, { "label": 2, "text": "bush industries bsh sees higher year results bush industries inc said it expects higher earnings and sales for partly due to efficiencies in manufacturing that have improved its margins the company reported first quarter earnings of dlrs up from dlrs a year before on sales of mln dlrs up from mln dlrs for all of last year it earned dlrs on sales of mln dlrs reuter" }, { "label": 2, "text": "j bildner and sons inc jbil o year jan net shr cts vs three cts net vs sales mln vs mln avg shrs vs note net includes dlr tax credit reuter" }, { "label": 2, "text": "j bildner jbil o sees improved results j bildner and sons inc said it expects improved earnings and sales in the current fiscal year the company reported earnings for the year ended january of dlrsl up from dlrs a year before on sales of mln dlrs up from mln dlrs bildner also said it plans to offer mln dlrs in eurodollar convertible subordinated debentures due through underwriters led by painewebber group inc pwj and kidder peabody and co inc with proceeds to be used to finance expansion and reduce debt reuter" }, { "label": 0, "text": "amoco an may buy dome dmp report says amoco corp is apparently the successful bidder for debt laden dome petroleum ltd according to a published report the toronto globe and mail quoting sources close to the negotiations today said dome broke off talks last night with transcanada pipelines ltd which last week announced a billion canadian dlr offer for all of dome s assets no financial details about the amoco offer were available and a dome spokesman would neither confirm nor deny that amoco had emerged the winner the newspaper said however the dome spokesman indicated that the sale of dome could be finalized and announced this weekend the globe and mail said representatives of amoco were not immediately available for comment last sunday when transcanada announced its offer dome said it was also in talks with two other companies but refused to identify them since then market speculation has centered on amoco and exxon corp s xon pct owned imperial oil ltd subsidiary in canada british petroleum plc bp and royal dutch shell group rd have also been mentioned as possible suitors for dome in the past two days dome management has been pressured by the federal government to select the offer from transcanada the only canadian company in the bidding prime minister brian mulroney s government appears to want to avoid a dome sale to a foreign company since the government gave dome hundreds of millions of dollars in tax breaks to encourage oil and gas exploration in the arctic analysts and officials have said a purchase by transcanada would be least likely to run afoul of canadian antitrust laws however transcanada is asking for tax concessions from a federal government that is trying to hold its deficit below billion canadian dlrs analysts have said a takeover by amoco or imperial would also give a foreign oil company a dominant position in canada s oil industry imperial oil is already canada s largest energy company with revenues of billion canadian dlrs chicago based amoco had revenues of billion u s dlrs its amoco canada petroleum subsidiary is pct owned by amoco corp reuter" }, { "label": 2, "text": "gorman rupp co grc sets quarterly qtly div cts vs cts prior pay june record may eight reuter" }, { "label": 2, "text": "lilly industrial coatings inc licia in payout qtly div cts vs cts prior pay july one record june reuter" }, { "label": 2, "text": "grumman corp gq in payout qtly div cts vs cts prior pay may record may eight reuter" }, { "label": 2, "text": "ambrit inc abi in payout qtly div two cts vs two cts prior pay may record may eight reuter" }, { "label": 2, "text": "oneok inc oke in payout qtly div cts vs cts prior pay may record april reuter" }, { "label": 2, "text": "diamond shamrock offshore partners dsp payout qtly div cts vs cts prior pay june eight record may eight reuter" }, { "label": 2, "text": "rlc corp rlc nd qtr march net shr loss nil vs profit six cts net loss vs profit revs mln vs mln st half shr loss two cts vs profit cts net loss vs profit revs mln vs mln avg shrs mln vs mln note current quarter net includes dlr tax credit current half net includes reversal of dlrs of investment tax credits reuter" }, { "label": 2, "text": "fresh juice co inc frsh o st qtr feb net shr loss five cts net loss sales note company began opeations in april reuter" }, { "label": 0, "text": "french government sets terms of bimp sale the french finance ministry said today a public flotation offer opening this coming tuesday for pct of the capital of banque industrielle et mobiliere privee bimp has been set at francs per share the offer closes next friday the ministry said in a statement pct of the bank s capital had been sold to a solid core of large investors including insurance companies and michelin subsidiary spika for pct of the public offer price ten pct of the shares have been reserved for employees who get a five pct discount increased to pct if they keep the shares for two years employees also get one free share for each one bought if the shares are held for at least one year small investors would receive one free share for every bought with an upper limit of five free shares per investor and on condition the shares are held for at least months the state owned capital of bimp comprises mln shares the bank is being sold to the public as part of a sweeping programme to privatise state owned groups over five years in a separate statement the ministry said last week s privatisation offer of mln shares in banque du batiment et des travaux publics btp was times oversubscribed reuter" }, { "label": 4, "text": "budget chief miller warns fed on interest rates white house budget chief james miller said he was concerned that the federal reserve might overreact to the decline in the value of the u s dollar by raising interest rates a move he said could cause a recession next year our greatest danger is overreaction miller told newspaper reporters yesterday i m concerned about the fed s overreaction i m concerned about what i see in recent data showing a substantial fall in the money supply edwin dale miller s spokesman said the remarks published in the new york times today were accurate miller said he was concerned the fed might overreact to signals of rising inflation by tightening credit a move he said could have political consequences the white house budget chief appeared to be referring to the effect an economic slowdown could have on the presidential and congressional elections next year my fear is that if we get into a recession we are in deep soup and there is no question about it he said miller said an economic slowdown could lead to lower tax revenues and a widening of the budget deficit miller s remarks reflected concern that the u s central bank might feel compelled to tighten credit as a means of bolstering the dollar both treasury secretary james baker and federal reserve board chairman paul volcker recently have warned that further declines in the value of the u s dollar could jeopardize global growth prospects u s officials have urged japan and west germany to stimulate economic growth in their countries a move that could boost u s exports and relieve trade protectionist pressures in the united states reuter" }, { "label": 7, "text": "yeutter says japanese curb all but certain u s trade representative clayton yeutter said it was all but certain president reagan would go ahead today and impose curbs on japanese exports as planned asked in a television interview what the chance was for reagan to cancel the scheduled pct tariffs on japanese electronic exports he said slim to none reagan announced on march he would impose the tariffs to retaliate for japan s failure to honor a agreement to end dumping computer semiconductors in world markets at less than cost and to open its home markets to u s products yeutter on the nbc program today said the united states did not want to terminate the agreement and would drop the tariffs once japan began fulfilling the agreement he said japanese negotiators last week told u s officials they were honoring the pact but yeutter said it would take time to monitor any compliance asked how long that would take he said we want to see a pattern of compliance so in a minimum i would say that would take a few weeks yeutter said he did not think there would be much consumer impact by the tariffs on mln dlrs worth of japanese goods because the items selected are also readily available from other countries and manufacturers he said he did not think japan would retaliate it seems to me it is not in the interests of either country to get in an escalating conflict the japanese understand that full well yeutter said he added japan might challenge the tariffs in the general agreement on tariffs and trade gatt but that s more of a paper kind of exercise and i don t really expect to see any adverse impact on u s trade yeutter also said he did not see any way the semiconductor issue could be resolved before or during a washington visit later this month by japanese prime minister yasuhiro nakasone he said he hoped the visit which is to have trade as a major issue would be productive but i don t see any practical way to resolve this particular dispute before or during his visit reuter" }, { "label": 2, "text": "church s fried chicken inc chu st qtr net shr one ct vs cts qtly div cts vs cts prior net vs revs mln vs mln note dividend pay may record may one reuter" }, { "label": 2, "text": "dominion resources inc d st qtr net shr dlrs vs dlrs net mln vs mln revs mln vs mln avg shrs mln vs mln mths shr dlrs vs dlrs net mln vs mln revs billion vs billion avg shrs mln vs mln reuter" }, { "label": 7, "text": "u s commerce trade report omits freight costs the commerce department said on that insurance and freight costs for imported goods of billion dlrs were included in the february trade deficit of billion dlrs reported on tuesday the department is required by law to wait hours after the initial trade report to issue a second report on a customs value basis which eliminates the freight and insurance charges from the cost of imports private sector economists emphasized that the commerce department was not revising down the deficit by billion dlrs but simply presenting the figures on a different basis a report in the washington post caused a stir in the foreign exchanges today because it gave the impression dealers said that the underlying trade deficit for february had been revised downward the commerce department would like to have the law changed to permit it to report both sets of figures simultaneously my feeling is the second one is a better report but there s legislation that requires us to delay it two days said robert ortner commerce undersecretary for economic affairs but this has been going on for a long time and no one pays any attention to the second figure the billion dlr february trade deficit compared with a revised january deficit of billion dlrs the law requiring a hour delay in publishing the monthly trade figure excluding freight and insurance was passed in reportedly the feeling was the first figure which includes customs freight and insurance allowed a better comparison with other countries that reported their trade balances on the same basis the second figure which would always be lower by deducting freight and insurance presents the deficit in a more favorable light for the reagan administration ortner said he would like to see the law changed to eliminate the hour delay in reporting the two figures we re considering it he said it s one of those dinosaur laws and i think it s time has come the second figure which would always be lower by deducting freight and insurance presents the deficit in a more favorable light for the reagan administration ortner said he would like to see the law changed to eliminate the hour delay in reporting the two figures we re considering it he said it s one of those dinosaur laws and i think its time has come reuter" }, { "label": 0, "text": "hong kong firm ups calmat czm stake to pct industrial equity pacific ltd a hong kong investment firm said it raised its stake in calmat co to shares or pct of the total outstanding common stock from shares or pct in a filing with the securities and exchange commission industrial equity which is principally owned by brierley investments ltd a publicly held new zealand company said it bought calmat common shares between april and for a total of mln dlrs reuter" }, { "label": 0, "text": "foundation cuts wurlitzer wur stake the farny r wurlitzer foundation told the securities and exchange commission it cut its stake in wurlitzer co to shares or pct of the total outstanding common stock from shares or pct the foundation said it sold wurlitzer common shares between march and at prices ranging from to dlrs a share as long as the foundation s stake in wurlitzer is below five pct it is not required to report further dealings it has in the company s common stock reuter" }, { "label": 0, "text": "investment firms raise orient express oeh stake two affiliated investment firms and funds they control told the securities and exchange commission they raised their orient express hotels inc stake to shares or pct of the total from or pct the firms boston based fmr corp and bermuda based fidelity international ltd said they bought a combined orient express common shares from march to april at prices ranging from to dlrs each reuter" }, { "label": 0, "text": "hospital corp hca board against buyout bid hospital corp of america said its management believes the dlr per share acquisition offer it received from charles r miller richard e ragsdale and richard l scott is not in the best interest of shareholders and it does not plan to meet with the individuals the company said its board considered information on the three and their bid and given the lack of any demonstrated ability on the part of these individuals to consummate an acquisition of this magnitude the board decided it was not necessary to take any action on their proposal at this time hospital corp said the benefits of the company s ongoing repositioning program are already being realized and we will continue to explore appropriate alternatives for enhancing shareholder value reuter" }, { "label": 2, "text": "calny inc clny sets quarterly qtly div four cts vs four cts prior pay may record april reuter" }, { "label": 2, "text": "rowan rdc sees substantial losses for year rowan cos inc said it expects to incur substantial losses in despite expected improvement in drilling levels in the gulf of mexico and the north sea the offshore and onshore drilling company today reported a first quarter loss of mln dlrs after a mln dlr tax credit compared with a year earlier loss of dlrs after a tax credit of dlrs for all of rowan lost mln dlrs after a mln dlr tax credit reuter" }, { "label": 2, "text": "rowan cos inc rdc st qtr loss shr loss cts vs loss cts net loss mln vs loss revs mln vs mln note net includes tax credits of mln dlrs vs dlrs reuter" }, { "label": 2, "text": "care enterprises cre th qtr loss oper shr loss cts vs profit cts oper net loss vs profit revs mln vs mln avg shrs mln vs year oper shr loss cts vs profit cts oper net loss vs profit revs mln vs mln avg shrs vs note quarter net includes dlr tax credit net excludes charges from debt restructuring of dlrs in quarter and dlrs in year reuter" }, { "label": 2, "text": "lance inc lnce st qtr net shr cts vs cts qtly div cts vs cts prior net vs sales mln vs mln note pay may record may one reuter" }, { "label": 2, "text": "fhlbb reports thrift results in fourth quarter the federal home loan bank board said its insured savings and loan associations thrifts that made a profit in the fourth quarter of reported moderate increases in net earnings it said that the pct of the thrifts reporting profits had net after tax income of billion dlrs up from billion dlrs earned by pct of the profitable industry in the third quarter for as a whole the profitable firms had a net income of billion dlrs up from billion dlrs in it said the pct of the industry that made no profit in the fourth quarter had losses of billion dlrs the figure for the unprofitable firms was up from billion dlrs in the third quarter of it said over the year these firms had total losses of billion dlrs up from billion dlrs in reuter" }, { "label": 5, "text": "white house says u s monetary policy correct the white house distancing itself from remarks by the administration s budget chief said the federal reserve s current course of monetary policy was appropriate the administration feels that the current course of monetary policy is appropriate white house spokesman marlin fitwater said fitzwater said the administration did not endorse remarks by white house budget chief james miller who said he was concerned the federal reserve might overreact to the decline in the value of the u s dollar by raising interest rates more" }, { "label": 2, "text": "communications satellite corp cq st qtr net shr cts vs cts div cts vs cts prior net mln vs mln note qtr net is after a mln dlr reserve for a potential refund as a result of the federal communications commission s continuing rate investigation company said it believes any refunds it may have to make would not materially affect its financial position reuter" }, { "label": 2, "text": "american management systems amsy o st qtr net shr cts vs cts net vs revs mln vs mln avg shrs vs note shr reflects for stock split on june reuter" }, { "label": 2, "text": "hytek microsystems inc htek o st qtr loss shr loss cts vs loss cts net loss vs loss revs vs avg shrs vs reuter" }, { "label": 2, "text": "tvi corp tvie o year loss shr loss cts vs profit two cts net loss vs profit revs vs reuter" }, { "label": 2, "text": "riggs national corp rigs o st qtr net shr cts vs dlrs net vs avg shrs vs assets billion vs billion loans billion vs billion deposits billion vs billion note gain from sale of securities mln vs mln loan loss provision dlrs vs mln reuter" }, { "label": 2, "text": "northwest natural gas co nwng o st qtr net shr dlrs vs dlrs div cts vs cts prior net vs revs mln vs mln avg shrs vs reuter" }, { "label": 0, "text": "kentucky central kenca o unit sells stations kentucky central life insurance co said its bluegrass broadcasting co inc subsidiary has agreed to sell two orlando fla radio stations to tk communications inc for mln dlrs subject to fcc approval reuter" }, { "label": 2, "text": "kimbark oil and gas co kimb o year loss shr loss cts vs loss dlrs net loss vs loss reuter" }, { "label": 2, "text": "southern national corp snat o st qtr net shr cts vs cts net vs reuter" }, { "label": 0, "text": "first bank system fbs sells lewiston bank first bank system said it has agreeed to sell its first bank lewiston subsidiary of lewiston mont to two local bankers for undisclosed terms first bank lewiston has assets of mln dlrs at the end of the first quarter reuter" }, { "label": 0, "text": "icn icn has five pct of syncor scor o icn pharmaceuticals inc told the securities and exchange commission it has acquired shares of syncor international corp or pct of the total outstanding common stock icn said it bought the stake for mln dlrs as an investment and has no plans to seek control of the company or to participate in the management of it reuter" }, { "label": 0, "text": "dixons exploring sale of cyclops cyl unit dixons group plc dxns l the british concern that recently acquired operational control of cyclops corp said it is exploring the possibility of selling the cyclops subsidiary busy beaver building centers inc in a filing with the securities and exchange commission dixons said it has determined to explore the possibility of the sale following its preliminary review of the business and activities of cyclops busy beaver building centers is a pittsburgh pa lumber and building materials company dixons won control of cyclops with a dlr a share tender offer reuter" }, { "label": 7, "text": "japanese tariffs seen as worldwide warning the tough trade sanctions president reagan imposed on japanese exports are not only a shot across japan s bow but also a sign reagan will attack unfair trade practices worldwide u s officials said but robert crandall a trade specialist at brookings institution a think tank said a shot across their bow can often result in a shot in our stern he said it left the united states open to retaliation the u s officials said the pct tariffs reagan ordered on mln dlrs worth of japanese goods will also show congress that a tough pro trade stand can be taken under existing laws and no new protectionist legislation is needed in the past year tough trade action had been taken against the european community over corn and sorghum taiwan over beer and wine south korea over counterfeiting of copyrights patents and trademarkets and japan on tobacco white house spokesman marlin fitzwater told reporters the tariffs up from five pct should be seen as a serious signal to other nations on the need for fair trade practices reagan said he imposed the sanctions on certain computers television sets and some hand tools because japan did not honor an agreement to end dumping semiconductors in world markets at less than cost and to open its markets to u s products the tariffs were placed on items which were available from other sources so there would be little effect on the american consumer fitzwater said reagan has come under heavy pressure to take tougher action especially against japan to end global unfair trade practices and reverse the growing u s trade deficit the alternative was that if he did not congress would the u s trade gap last year was a record billion dlrs and continues to rise with japan accounting for about one third of america s overall deficit but there are other two way deficits with canada west germany taiwan and south korea and reagan officials said the president is ready to fight them all reagan said in announcing the sanctions today that i regret that these actions are necessary but that the health and vitality of the u s semiconductor industry was essential to american competitiveness in world markets we cannot allow it to be jeopardized by unfair trading practices reagan added in the statement from his california vacation home at santa barbara he said the tariffs would remain in force until japan abided by the agreement u s officials say the action today will show congress which is about to write a trade bill he does not like that he already has the tools needed to fight unfair trade the white house aide said of the tariff action it wasn t done to appease congress but because there was an unfair trade practice the aide added however on another plane it was an example of how the administration uses the trade law to fight unfair practices an that it is not necessary to make a major overall of our trade laws but the analyst crandall said the tariff action was not in the best interests of the united states and that negotiations should have been pursued to resolve the issue it s very dangerous to go down the retaliatory route he said because it leads to more retaliation and restrictions in trade crandall said the administration is doing this for its political impact across the country and therefore its impact on congress he said i don t think it makes a lot of sense but other analysts said it made little difference whether the tariffs were aimed at u s trading partners or congress and that the main point was that the trading partners were on notice that retaliation was a weapon reagan was ready to use spokesman fitzwater said we don t want a trade war but the imposition of sanctions showed the united states would act when it had evidence that trade pacts were being violated crandall said the administration is doing this for its political impact across the country and therefore its impact on congress he said i don t think it makes a lot of sense but other analysts said it made little difference whether the tariffs were aimed at u s trading partners or congress and that the main point was that the trading partners were on notice that retaliation was a weapon reagan was ready to use spokesman fitzwater said we don t want a trade war but the imposition of sanctions showed the united states would act when it had evidence that trade pacts were being violated reuter" }, { "label": 7, "text": "yeutter almost sure japan will not retaliate u s trade representative clayton yeutter said he was almost sure japan would not retaliate against tariffs president reagan slapped on mln dlrs of japanese electronic goods today i d say it s plus pct sure that it the tariffs will not provoke a retaliation on american products yeutter told cable news network japan has far too much at stake in this relationship with the united states to seriously entertain thoughts of retaliation yeutter said earlier today reagan imposed pct tariffs on a range of japanese goods in retaliation for japan s alleged violation of a bilateral pact governing semiconductor trade yeutter did say that u s farm products would be targeted if tokyo decided to hit back if they japan were to retaliate it would probably be on something like american agricultural products he said but i really think the chances of that happening are between slim and none he added reuter" }, { "label": 7, "text": "japan will not retaliate now against u s tariffs japan does not plan to take immediate retaliatory action against implementation of u s tariffs on some japanese electronic goods the minister of international trade and industry hajime tamura said in a statement japan requested bilateral consultations in accordance with article of the general agreement on tariffs and trade gatt in washington yesterday tamura said there was deep regret over the u s measures which will impose pct tariffs on about mln dlrs worth of japanese imports of some small computers colour television sets and power tools reuter" }, { "label": 2, "text": "southam inc stm to st qtr net oper shr cts vs cts oper net mln vs mln revs mln vs mln note net excludes extraordinary gain of mln dlrs or five cts shr from sale of surplus property reuter" }, { "label": 2, "text": "loctite corp loc rd qtr march net shr cts vs cts net vs revs m ln vs mln nine mths shr dlrs vs dlrs net mln vs mln revs mln vs mln reuter" }, { "label": 2, "text": "glenfed inc gln rd qtr march net oper shr dlrs vs cts oper net mln vs mln revs mln vs mln nine mths oper shr dlrs vs dlrs oper net mln vs mln revs billion vs billion assets billion vs billion deposits billion vs billion loans billion vs billion note oper net excludes extraordinary loss and mln for qtr and nine mths on prepayment of borrowings from the federal home loan bank board oper also excludes tax credits of mln vs for qtr and mln vs mln for nine mths reuter" }, { "label": 2, "text": "horizon industries inc hrzn nd qtr net qtr ended april four shr profit eight cts vs loss cts net profit vs loss revs mln vs mln six mths shr profit cts vs loss cts net profit vs loss revs ln vs mln reuter" }, { "label": 2, "text": "rorer group inc ror st qtr net oper shr profit cts vs loss cts oper net profit vs loss mln revs mln vs mln note year ago oper exludes gain on sale of businesses of mln year ago oper includes charges of mln resulting from allocation of the purchase price of revlon s businesses to inventory and mln for restructuring costs reuter" }, { "label": 0, "text": "us study discusses dropped comsat contel merger a congressional study today said the proposed but now apparently abandoned merger of the communications satellite corp cq and contel corp ctc would technically be legal but could violate the spirt of the law setting up comsat two weeks ago before the study was completed contel announced it would seek to terminate the proposed merger the study by the non partisan congressional research service crs said the proposed merger appears to comply technically with the mandates or letter of statutes if may nevertheless violate the spirit of the law comsat created by a act of congress and contel a corporation of local telephone and communications firms filed with the federal communications commission last november an application for merger several firms had protested the proposed merger in an analysis of the law the research service issued several critical comments about the structure of the new firm and said apparent domination by contel of a restructured comsat would have broken the spirit of the law setting up comsat comsat is the u s arm of intelstat the international satellite communications firm reuter m" }, { "label": 0, "text": "standard oil says british petroleum share tender extended until may" }, { "label": 0, "text": "standard oil says bp extends tender standard oil co srd said in a brief announcement issued after a meeting of its board of directors that british petroleum co plc bp l bp has extended its dlr per share tender offer until midnight may the offer for the pct of standard shares not owned by bp had been due to expire midnight april standard oil said discussions with bp concerning the tender were continuing but provided no further details so long as those discussions continue no recommendation will be made to standard oil shareholders regarding the offer standard said standard directors met at the company s cleveland headquarters on thursday in a regularly scheduled meeting the spokesman was unable to say if the meeting would continue on friday a committee of independent directors previously obtained an opinion from first boston corp that the standard shares were worth dlrs each dlrs more than the bp offer reuter" }, { "label": 4, "text": "national mutual cuts australian prime to pct national mutual royal bank ltd said it would cut its prime rate to pct from effective april the cut follows a trend toward lower rates started last month and accelerated by westpac banking corp which yesterday cut its prime to pct from pct westpac s pct is the lowest prevailing rate reuter" }, { "label": 0, "text": "elders purchase of canadian brewer approved elders ixl ltd elxa s said the canadian government approved its bid for carling o keefe ltd elders earlier announced it was buying mln shares or pct of carling from the canadian subsidiary of rothmans international plc rot l for canadian dlrs each elders chairman john elliott said in a statement when the offer for the ordinary shares closed on april that acceptances representing over pct of outstanding shares had been received ixl holdings would proceed to acquire the rest compulsorily he said reuter" }, { "label": 1, "text": "ecuador to use colombia oil link for five years ecuador will use a new pipeline link with colombia to export crude oil for the next five years colombian mines and energy minister guillermo perry said the link will be inaugurated on may it was built to allow ecuador to resume exports of crude oil halted on march by earthquake damage to its lago agrio to balao pipeline once that pipeline is repaired ecuador will exceed its opec quota in order to offset lost income and pay debts contracted with venezuela and nigeria since the quake ecuador mines and energy minister javier espinosa said the two ministers were speaking at a news conference after signing an agreement for joint oil exploration and exploitation of the jungle border zone between the two nations drilling will begin in september the agreement to transport ecuadorean crude oil is not only for this emergency period but for the next five years with possibility of an extension between and barrels per day bpd will be pumped along it perry said espinosa said ecuador planned to pump mln barrels through the link in the next five years at a cost of cents per barrel during the first year the km link with a maximum capacity of bpd will run from lago agrio the centre of of ecuador s jungle oilfields to an existing colombian pipeline that runs to the pacific port of tumaco espinosa said the km stretch of the link built on the ecuadorean side cost mln dlrs perry gave no figures for colombia s km segment but said it was insignificant compared with what we are going to earn opec member ecuador was pumping around bpd before the quake lost exports of bpd are costing it mln dlrs per month espinosa said reuter" }, { "label": 6, "text": "iran says it will combat gulf intervention iranian foreign minister ali akbar velayati warned that iran would combat any superpower intervention in the gulf iran which is the most powerful country in the gulf will not allow the superpowers or any other foreign forces to interfere in the region he said velayati visiting the united arab emirates on the first leg of a gulf tour told reporters iran had the capabilities and means to prevent any interference president reagan has pledged to keep the gulf sealanes open and to protect kuwaiti tankers from possible iranian attack reuter" }, { "label": 2, "text": "toshiba corp tsba t year ended march group shr yen vs net billion vs billion pretax billion vs billion operating billion vs billion sales billion vs billion reuter" }, { "label": 4, "text": "bundesbank s schlesinger says no plan to cut discount rate nihon keizai newspaper" }, { "label": 4, "text": "bundesbank reported to have no plan for rate cut bundesbank deputy president helmut schlesinger said the west german central bank had no plan to cut its three pct discount rate nihon keizai newspaper reported the financial daily quoted schlesinger as saying in an interview that the bank would try to maintain current interest rate levels for the time being he also told the newspaper he saw no need for large scale intervention in the foreign exchange market because exchange rates are stable earlier schlesinger told a press conference that the bundesbank would continue its policy of maintaining short term interest rates at a low level for currency stability he also said he was satisfied with the current dollar mark exchange rate but added that he was not certain if it was ideal for the west german economy reuter" }, { "label": 7, "text": "seoul announces more tariff cuts for u s south korea will cut import taxes on items including construction equipment photographic film cigarettes and pipe tobacco to help reduce its trade surplus with the united states the finance ministry said the tariff cuts of between five and percentage points take effect on july this brings to the number of goods on which import taxes have been cut this year a ministry official said the are among about items on which washington has asked seoul to lower tariffs he added today s announcement follows saturday s removal of import curbs on products for of those products the u s had had sought free access to the south korean market this is in line with the government s policy to limit our trade surplus with the united states to help reduce trade friction between the two countries the official said south korea s trade surplus with the u s rose to billion dlrs in from billion in officials said the surplus was expected to widen further in but seoul would try to hold it below eight billion dlrs the finance ministry said tariffs would be cut later this month on a further items including acrylic yarn and ethylene by an average percentage points in order to check inflation the officials said the tariff cuts would contribute to holding wholesale and consumer price rises at less than three pct this year reuter" }, { "label": 7, "text": "u s study says tariffs and quotas could backfire the use of tariffs and quotas to reduce the flow of foreign goods into the united states will do little to cut the nation s swelling trade deficit a government study said in fact the federal trade commission ftc report said such protectionist policies could make u s products less competitive in the world marketplace by raising the cost of imported products that are re exported in different forms such policies are much more likely to hurt rather than help the productive capabilities of the u s economy it said the page report written by ftc economists john hilke and philip nelson blamed the rising trade shortfall which climbed to a record billion dlrs last year on shifting currency exchange rates and growing u s consumer demand other factors commonly blamed for the deficit such as foreign trade practices deteriorating u s industrial competitiveness high labour costs and government restrictions on mergers added little to the problem it said although each industry s competitiveness affects the level of imports and exports in that industry in general we find that there have been no significant industry specific changes affecting competitiveness that would explain the increase in the overall trade deficit the study said to the extent any government action is needed to deal with the trade deficits policies should focus on economy wide phenomena such as exchange rates and relative economic growth the ftc study said supporting its conclusion that broad based economic shifts were the cause of the increase in the trade deficit the report said it found that nearly all u s industries lost some domestic market share to foreign competitors in the s it also said it found a fairly direct relationship between the increased trade deficit and the influence of shifting currency exchange rates u s economic growth and domestic demand for goods and services which has outpaced foreign consumer demand the study examined seven factors which have been commonly blamed for the trade deficit foreign government subsidies and trade barriers to protect foreign industries a lack of investment in u s industry declining research and development in u s industry high labour costs union work rules the oil prices rises of the s and u s antitrust regulations in each case the study found little or no evidence that the factor had any impact on the trade deficit reuter" }, { "label": 6, "text": "moscow says will retaliate against gulf attacks any iranian attack on soviet ships in the gulf will bring a forceful and violent response a soviet foreign ministry official said in an interview published here alexander ivanov head of the gulf desk at the soviet foreign ministry told al rai al aam newspaper moscow will answer back with force and violence if iran attempts to attack any soviet ship or tanker in the gulf a soviet tanker hit a mine in the gulf last month ivanov also accused the united states of stepping up the regional crisis and of failing to exert genuine efforts to end the iran iraq war reuter" }, { "label": 4, "text": "window for bank aid in kuwait remains shut the kuwait central bank kept its window for funds to the domestic interbank deposit market shut as banks returned from a four day holiday dealers said the move drove short term interest rates sharply higher with overnight and tomorrow next funds more than doubling from last wednesday and hitting pct there were few offers in a tight market and traders scrambled for any available funds one month to one year deposits were indicated one point higher at eight seven pct but there was little activity at the longer end of the market bankers see the suspension of central bank aid as a deliberate move to drive up kuwaiti dinar interest rates and stem a flow of funds out of the country where market nervousness is increasing over the growing tension in the gulf the central bank s move has been combined with a steady cut in the dinar exchange rate today s rate was reduced to to the dollar from on wednesday before the four day bank holiday that celebrated the end of the fasting month of ramadan reuter" }, { "label": 1, "text": "pemex official says opec output critical to price crude oil prices could remain around dlrs a barrel until the end of the year but opec s decision on output at its next meeting would be the critical factor an official of mexico s state oil company petroleos mexicanos pemex told a group of japanese businessmen adrian lajous pemex executive vice president of international trade said current opec output already appeared to be very near the mln barrel per day level it set itself for the third quarter production is surging ahead of what was originally planned while demand is growing more slowly than envisaged a few months ago he said he said opec had to look very carefully at what level of production in the third quarter would effectively sustain the dlrs price and that an increase to what had originally been envisaged might soften price levels the member cartel is scheduled to meet on june in vienna to review its december accord on prices and output i hope opec will follow a very conservative attitude in terms of volume decisions lajous said a repetition of what happened last year when opec boosted output and sent oil prices tumbling down below dlrs is always there as a possibility he said i hope never again to go through the trauma of i expect other oil exporters have learned their lessons and discipline will be maintained he said lajous said there was still excess supply and as long as this remains there will be a tendency to instability in oil markets but prices should remain around to dlrs during if output remains under control he said saudi king fahd s remarks last month that increased production was not so important as long as incomes would not be affected by the output were very relevant and welcome from such a powerful producer reuter" }, { "label": 0, "text": "coniston group to continue bid for allegis aeg an investor group led by coniston partners said it plans to continue its effort to gain control of allegis corp despite the defensive maneuvers allegis announced last week allegis said then that it would borrow three billion dlrs and pay shareholders a dividend of dlrs per share lowering the company s net worth the coniston group which owns pct of allegis stock has said that it would seek shareholder consents to remove of the allegis directors the group had said it would consider breaking up allegis into its airline hotel and vehicle rental components if it succeeded the coniston group said it expects to make a further announcement today on its plans for allegis wall street analysts and traders had not expected coniston to abandon its pursuit of allegis as a result of the allegis defensive measures allegis officials were unavailable for comment reuter" }, { "label": 0, "text": "spectra physics rejects ciba geigy tender offer" }, { "label": 0, "text": "first city industries sells yale and nutone units for mln dlrs and securities" }, { "label": 0, "text": "boeing co to acquire argosystems for dlrs a share" }, { "label": 0, "text": "first city fcy sells yale nutone units first city industries inc said it has reached a definitive agreement to sell its nuton and yale security subsidiaries to valor plc for mln dlrs and warrants to purchase two mln valor ordinary shares in addition the company said it will recieve a special dividend of mln dlrs from nutone and yale and it has agreed to buy mln dlrs of valor convertible preference shares first city said it is seeking to increase shareholder values by improving and realizing the values inherent in its operating subsidiaries the company said the transaction is subject to approval by shareholders of valor and is expected to be completed within days it said valor has arranged financing through an issue of ordinary and convertible preference shares underwritten by hoare govette ltd and barclays de zoete wedd ltd nutone makes built in electric products for the housing market and yale makes door locks and electronic security products valor makes home products reuter" }, { "label": 2, "text": "genovese drug stores inc gdxa o st qtr may shr cts vs seven cts net vs sales mln vs mln reuter" }, { "label": 0, "text": "national security nsic o stake acquired national security insurance co said a group of investors has acquired common shares or a pct interest for dlrs per share the company said the acquisition of the portion of the shares over a five pct interest is subject to approval by the alabama department of insurance it said the sellers included atlantic american corp aame o bankers fidelity life insurance co and georgia casualty insurance co reuter" }, { "label": 0, "text": "computer associates to acquire uccel corp for about mln dlrs" }, { "label": 0, "text": "entertainment marketing seeks to buy crazy eddie for eight dlrs a share" }, { "label": 0, "text": "spectra physics spy board rejects tender offer spectra physics inc said its board rejected a dlrs per share unsolicited tender offer for the company s stock from ciba geigy ltd cigz z which already holds pct of the stock spectra physics said it also filed a lawsuit in delaware federal court this morning seeking to enjoin the offer and alleging among other things that the offer vilates federal securities laws certain agreements between ciba geigy and spectra physics and ciba geigy s fiduciary duties spectra physics said the two ciba geigy designess to its board were not present at yesterday s special meeting which voted to reject the offer as financially inadequate unfair and not in the best interests of spectra physics or its stockholders the company said the board also authorized a special committee of outside directors to take whatever steps it deems necessary to protect the interests of spectra physics and its stockholders and to investigate all alternatives to maximize the value of the stock including talks with third parties spectra physics said a letter communicating the board s recommendation and reasons therefore is being mailed to stockholders it said robert bruce reliance group holdings inc s rel designee on spectra physics board resigned his position on may his letter of resignation said the action was to alleviate ciba geigy s stated justification for making the unsolicited offer that it had not contemplated another significant investor having representation on the board when its spectra physics investment was made reuter" }, { "label": 0, "text": "boeing ba to acquire defense electronics firm boeing co and argosystems inc argi o said they reached an agreement for boeing to acquire the sunnyvale calif defense electronics firm for about mln dlrs the boards of both companies have approved the merger which will be accomplished through a tender offer by a boeing subsidiary of dlrs a share cash for all of argosystems shares the companies said under the agreement the boeing subsidiary tbc holdings corp will begin the tender offer promptly if at least pct of the shares are not tendered the offer will be prorated to pct the companies said argosystems has granted boeing an option to buy shares or pct of the outstanding stock for dlrs a share they said also bill may chairman of argosystems and three other officers have granted boeing an option to buy their shares another pct of the outstanding stock for dlrs a share argosystems makes equipment to monitor and analyze military communications signals electronic warfare equipment to monitor and jam radar signals and signal processing systems for the nine months ended march argosystems reported earnings more than doubled to mln dlrs or cts a share from mln dlrs or cts the year ago period included a mln dlr charge from a writedown of securities sales rose pct to mln dlrs sales are expected to exceed mln dlrs for the fiscal year ending june the companies said in a joint statement the company s backlog is currently more than mln dlrs they said it has about employees about pct of argosystems business comes from international customers argosystems is a clear leader in its field this association will expand our overall activities and significantly enhance our ability to compete in the defense electronics area boeing president frank shrontz said in a statement argosystems will operate as a wholly owned subsidiary of boeing co the merger following the tender offer will be subject to approval by argosystems shareholders the companies said the tender offer and merger are subject to customary conditions and expiration of the hart scott rodino notification waiting period they said reuter" }, { "label": 0, "text": "computer associates ca uccel set merger computer associates international inc and uccel corp uce said they have signed a definitive merger agreement under which computer associates will pay about mln dlrs in stock for all outstanding uccel shares the companies said under the terms of the agreement all uccel shareholders will receive about shares of computer common stock for each of the approximately mln uccel shares outstanding according to the companies this would amount to about dlrs per uccel share based on may new york stock exchange closing prices closing of the transaction is anticipated in august the companies said the companies said the resulting company wil retain the name computer associates international inc additionally the companies said charles wang currently computer associates chairman and chief executive will continue as chairman of the new company reuter" }, { "label": 7, "text": "seoul announces more tariff cuts for u s south korea will cut import taxes on goods including construction equipment cigarettes and tobacco to help reduce its trade surplus with the united states the finance ministry said today the tariff cuts of between five and pct will take effect on july south korea ran a trade surplus of billion dlrs with washington in sharply up from billion in today s announcement brings to the number of goods for which similar measures were taken this year a ministry official said the are among about items on which washington has asked seoul to lower tariffs this is in line with the government s policy to limit our trade surplus with the united states to help reduce trade friction between the two countries said the official reuter" }, { "label": 0, "text": "entertainment makes buyout offer to crazy eddie entertainment marketing inc em said it has made an offer to the board of crazy eddie inc to acquire all outstanding shares of crazy eddie inc for eight dlrs a share in cash entertainment said the offer would be conducted through a negotiated merger with a new corporation to be formed by entertainment marketing entertaiment said it has requested an early meeting with crazy eddie inc s board and that it has committed mln dlrs toward the purchase of the shares including those already purchased the company also said it has retained dean witter reynolds inc to assist in raising the balance of the financing according to entertainment its company and its chairman own about pct of crazy eddie s currently outstanding shares additionally the company said it is willing to negotiate all aspects of its offer and is willing to consider a transaction which would be tax free to crazy eddie s shareholders reuter" }, { "label": 0, "text": "society for savings socs o forms parent society for savings bancorp inc said it has completed its previously announced plan of acquisition making a new delaware chartered bank holding company the parent of conneticut chartered society for savings reuter" }, { "label": 1, "text": "saudi renegotiation of aramco deal moving along saudi arabia s renegotiation of its collective agreement with aramco to purchase oil for the latter s ex partners is moving along and should lead to a fundamental structural change in the contract oil industry sources said petroleum intelligence weekly in this monday s edition said negotiations are moving along for adjustment of the mln bpd joint long term agreement at official prices and volumes and other terms may be rearranged the agreement signed in january for the months from february to june is up for renegotiation under the january contract aramco was to purchase mln bpd for the four partners allocated among them as exxon corp xon bpd texaco inc tx bpd mobil corp mob and chevron corp chv bpd between them but an overlifting by texaco inc in the first quarter allowed other companies like exxon corp to underlift its obligations under the contract piw said that that one alternative under consideration is to revert to four individual contracts rather than a collective agrement john lichtblau director of the petroleum industry research foundation inc said that renegotiation of the pact was more of a formality as the saudis have each company on a separate schedule although separate agreements with the companies would favor one on one negotiations and ensure that contracted liftings occur the companies will probably follow the saudi wants within limits as they do not want to antagonize them for the long haul he said lichtblau said that the renegotiations would most likely concentrate on volume rather than price saudi displeasure with the agreement has long been noted and in april industry publications said that renegotiation were being sought a fact later confirmed by reuters with aramco aramco corp was formerly owned by chevron corp chv exxon corp xon mobil corp mob and texaco inc tx but is now owned by saudi arabia which bought its assets although the ex partners have various agreements with saudi arabia reuter" }, { "label": 5, "text": "u k money market given mln stg late assistance the bank of england said it provided the money market with late assistance of around mln stg this takes the bank s total help today to some mln stg and compares with its latest forecast of a mln stg shortage reuter" }, { "label": 0, "text": "cpc international cpc completes asian sale cpc international inc said it has completed previously announced transactions involving its grocery products businesses in four asian countries with ajinomoto co inc ajin t raising about mln dlrs it said it will receive about mln dlrs more later mostly this month when closings are expected in three more countries proceeds will be used mostly for debt reduction cpc said ajinomoto has purchased its equity in knorr foods co ltd a joint venture in japan between the two companies with cpc to get fees for trademark and technology use cpc said ajinomoto is also purchasing pct interests in cpc s wholly owned subsidiaries in hong kong malaysia the philippines singapore taiwan and thailand reuter" }, { "label": 0, "text": "borden to acquire prince co for about mln dlrs" }, { "label": 0, "text": "porex porx o to merge with medco mccs o porex technologies corp said it has agreed to merge with its partly owned subsidiary medco containment services inc in a deal worth about mln dlrs in cash and common stock to porex shareholders the company said under the agreement prex holders would receive new medco shares representing a pro rata share of the medco shares now owned by porex plus a pro rata shares of the cash value of other porex assets which is estimated at mln dlrs subject to adjustment medco now has mln shares outstanding while exact terms may not be determined until the transaction becomes effective porex said each porex share is expected to be exchanged for medco share and dlrs in cash subject to approval by sharehoilders of both companies as part of the deal medco will split its stock five for two the company said the merger will be accounted for as a corporate reorganization and be recorded at historical book values reuter" }, { "label": 0, "text": "colt industries cot to sell british unit colt industries inc said it signed a conditional agreement to sell its woodville polymer engineering ltd subsidiary in great britain to the dowty group plc of gloucestershire england for mln stg the deal is scheduled to close by the end of june the company said woodville which makes high technology precision products for aerospace automotive and other industries had sales of about mln stg it said reuter" }, { "label": 2, "text": "advanced systems inc asy nd qtr april net shr cts vs cts net vs revs mln vs mln avg shrs vs six mths shr cts vs cts net vs revs mln vs mln avg shrs vs reuter" }, { "label": 2, "text": "mannville oil and gas ltd mog to st qtr net shr two cts vs seven cts net vs revs vs reuter" }, { "label": 2, "text": "house of fabrics inc hf st qtr net april shr cts vs cts net vs revs mln vs mln reuter" }, { "label": 2, "text": "orbit oil and gas ltd orb to st qtr net shr three cts vs three cts net vs revs vs avg shrs vs reuter" }, { "label": 0, "text": "video juke o to buy president s shares video jukebox network inc said it signed a letter of intent to purchase up to mln shares of the four mln shares of the company s common stock from its founder and president steven peters video said the shares are to be purchased by louis wolfson iii senior vice president of venture w inc national brands inc j patrick michaels jr and cea investors partnership ii video said it currently has shares of common stock outstanding the company said it went public earlier this year and its current ask price was cea investors partnership ii has planned the partnership to be operated by michaels who is chairman and president of communications equity associates inc a media brokerage firm video said the terms of the proposed transaction were not disclosed video said peters will continue as chairman and president of the company it said the parties have until june to agree to all terms of the letter of intent reuter" }, { "label": 2, "text": "berkshire gas co bgas o raises payout qtly div cts vs cts prior pay july record june reuter" }, { "label": 2, "text": "marcade group inc mar st qtr may net shr four cts vs cts shr diluted two cts vs cts net vs revs mln vs mln avg shrs vs avg shrs diluted vs reuter" }, { "label": 2, "text": "greenman bros inc gmn st qtr may loss shr loss cts vs loss cts net loss vs loss sales mln vs mln note year ago share results adjusted for five for four stock split in august reuter" }, { "label": 0, "text": "marcade group mar plans acquisition marcade group inc said it has agreed in principle to acquire a prominent privately held maker of ladies sports wear for an cash shares and options to purchase marcade common valued at about mln dlrs in its fiscal year recently ended marcade said the company to be acquired which owns five u s manufacturing facilities and one offshore had revenues of over mln dlrs and pretax earnings of about four mln dlrs reuter" }, { "label": 0, "text": "pennsylvania enterprises pent o bid stands utilities investment inc said it still is offering to acquire pennsylvania enterprises inc for dlrs per share it said it is prepared to negotiate its offer the pennsylvania enterprises board rejected the offer two weeks ago as being inadequate utilities said it has the financial commitments required to ensure that pennsylvania enterprises facilities would be upgraded to insure an adequate supply of safe drinking water it said its representatives will be attending pennsylvania enterprises annual meeting tomorrow in wilkes barre pa reuter" }, { "label": 0, "text": "merrill lynch says proration factor for supermarkets tender is pct" }, { "label": 0, "text": "raven industries rav buys truck body business raven industries inc said it purchased the utility truck body business of astoria fibra steel inc for cash details of the transaction were not disclosed the astoria product line which has annual sales of about mln dlrs will be manufactured and sold by raven s newly formed subsidiary astoria industries inc raven said its glasstite inc subsidiary also manufactures and sells utility truck bodies reuter" }, { "label": 0, "text": "pay n pak pnp gets two offers for company pay n pak stores inc said it received two proposals in response to its previously announced solicitation of potential buyers for the company the company said it is evaluating the proposals from paul bilzerian and from a third party which is active in the leveraged buyout field but which pay n pak declined to identify it said the bilzerian proposal calls for shareholders to receive on a blended basis dlrs in cash and dlrs in liquidation value of cumulative exchangeable redeemable preferred stock for each common share pay n pak said the second proposal is structured as a merger in which each holder would receive a combination of dlrs in cash and dlrs in liquidation value of pct cumulative preferred the company said the dividend on the preferred offered by bilzerian would be set so that in the opinion his financial advisor and the company s financial advisor the preferred would trade in the public market at its liquidation value dividends on the preferred could be paid at the option of the surviving corporation in cash or additional shares of preferred for the first five years it added pay n pak said bilzerian s proposal is subject to a physical inventory of merchandise at june bilzerian did not provide details with respect to financing of his proposal which is not subject to a financing condition the company said dividends on the preferred being offered in the second proposal would be paid in additional preferred in the first three years and the preferred would be redeemed in years and it said the second offer is contingent on the arrangement of financing adding the party making the offer is confident of its ability to obtain the balance of the financing pay n pak said the second proposal is conditioned upon a satisfactory agreement with the company s management regarding its equity participation in the new company the second party anticipates executing a letter of intent when it delivers its financing commitment to the pay n pak board that would incorporate an expense reinbursement and option arrangement the company said reuter" }, { "label": 0, "text": "maxwell files suit to stop harcourt hbj publisher robert maxwell s british printing and communicaton corp plc said it filed a lawsuit in u s district court against harcourt brace jovanovich inc its directors and advisers to stop among other things payment of the special dividend harcourt is paying as part of its recapitalization the suit filed in manhattan also names first boston corp fbc and seeks to void the issue by harcourt of shares of super voting preferred stock to first boston securities corp and the issue of convertible voting preferred stock with votes in the harcourt employee stock ownership plan the preferred shares to be issued to first boston have votes the suit brought derivatively on behalf of harcourt and individually in british printing s capacity as a substantial holder of harcourt common shares and pct convertible debentures the suit alleges harcourt s special dividend exceeds by more than one billion dlrs harcout s surplus available for dividends under new york law and contstitutes a fraudulent conveyance the lawsuit also alleges that harcourt failed to disclose that one consequence of the payment of the dividend which it terms illegal will be that shareholders will be liable to repay it harcourt last week said it would pay dlrs per share to stockholders as a special dividend harcourt also announced an extensive recapitalization plan which analysts said was aimed at thwarting a takeover effort by british printing british printing last week withdrew its dlr per share or two billion dlr offer for harcourt because of the recapitalizaton plan at the time it said it was reviewing its alternatives british printing said it filed the suit after consultation with its advisers its lawsuit also alleges that harcourt failed to disclose the effect of the special dividend on harcourt pct convertible debentures british printing alleges the effect will be an enormous increase effective on the june eight record date for the dividend in the number of harcourt common shares issuable upon conversion of the debentures british printing also charged harcourt is unlawfully coercing debenture holders to convert denbentures before the record date because harcourt may not have enough authorized common shares to honor conversion after the date british printing holds shares and mln dlrs worth of debentures the suit also alleges that management the board of directors and first boston engaged in an illegal scheme of entrenchment through a combination of selling to first boston securities corp the super voting preferred at a bargain price the grant to the company employee stock plan of convertible voting preferred the six mln share open market repurchase program and the manner in which its financing has been structured reuter" }, { "label": 0, "text": "steinberg group has five pct of pizza inn pza a group controlled by new york investor saul steinberg told the securities and exchange commission it has acquired shares of pizza inn inc or pct of the total outstanding common stock the group which includes reliance financial serivces corp a subsidiary of reliance group holdings inc rel said it bought the stock as an investment it said it might add to its stake or sell some or all of it the steinberg group said it bought the stock for mln dlrs in open market purchases between april and may at prices ranging from to dlrs a share reuter" }, { "label": 0, "text": "supermarkets general sgl tender expires smg acquisition corp a subsidiary of merrill lynch capital partners inc said mln shares of supermarkets general corp were validly tendered by the midnight friday expiration resulting in a preliminary proration factor of pct merrill lynch said it expects to announce the final proration factor within business days and begin payment immediately thereafter shares validly tendered represented about pct of the outstanding shares of supermarkets general the announcement said the cash tender offer was for up to mln shares at dlrs net per share reuter" }, { "label": 1, "text": "opec output in may seen over ceiling at mln bpd london june opec s may output appears to have risen well above its mln bpd ceiling to mln bpd and the increase is likely to put a short term lid on spot oil prices kleinwort grieveson securities says but kleinwort s latest world oil report said re stocking and lower non opec output earlier this year should allow the group to produce up to mln bpd in the current third quarter on the supply demand front the market continues to enjoy a degree of stability rarely seen in recent years it said it said most opec members were overproducing slightly but only the united arab emirates uae was seriously above quota the report said saudi arabia had been sending clear signals on the need to maintain oil prices at current levels of around dlrs a barrel and adopt provisional output rises agreed in december when opec meets in vienna on june if opec adopts the provisional ceilings of mln bpd in third quarter and mln bpd in the fourth there will probably be room for overproduction in the third quarter when demand for its crude will probably be to mln it said it said that the uae and ecuador may demand higher quotas in vienna but the biggest obstacle is iraq which has refused to honour its quota as it is less than that of gulf war enemy iran but opec appears committed to a short meeting and realises something must be done about the iraq issue the report said according to kleinwort s sources saudi arabia has already held separate talks with iran and iraq and is urging iraq to be more moderate one strong indication that some kind of deal may be eventually worked out is the almost complete silence coming from iran it said indications are that in return for going along with the saudi desire to maintain official prices in vienna iran is seeking concessions from the kingdom on the iraq issue it said kleinwort said the kingdom will face an increasingly uphill task in trying to maintain prices around dlrs beyond firstly opec hardliners led by iran are bound to oppose such a move secondly other opec members will press for another price rise if the dollar remains weak against other currencies thirdly saudi arabia may be forced to raise prices earlier than it intended to ward off growing calls for higher prices from the u s to stimulate domestic drilling and exploration the report concluded that there is a strong possibility official opec prices will rise to dlrs a barrel by end and dlrs a barrel by end reuter" }, { "label": 0, "text": "suburban bancorp woodstock bancorp to merge suburban bancorp inc and woodstock state bancorp inc said they agreed to a merger under which suburban will purchase woodstock s shares for a total of more than mln dlrs in cash and suburban bancorp shares woodstock is the holding company for the mln dlr state bank of woodstock the merger will bring suburban s assets to mln dlrs and its total banks to the merger is subject to regulatory and shareholder approval reuter" }, { "label": 4, "text": "u k bankers consider new ecgd financing plan representatives of major u k based banks are meeting here today to consider a new plan for reducing the cost of financing british exports guaranteed by the export credits guarantee department ecgd senior banking sources said the plan is being developed in conjunction with the ecgd and the bank of england neither the ecgd nor the bank of england would comment on the plan however bankers said one of the main points under discussion is a plan to refinance the bulk of the ecgd s medium term credit portfolio in the international capital markets the proposals involve introducing a set of interest margins on ecgd backed debt of to pct depending on the size and maturity of the credit and the currency the banks are likely to push for a higher margin bankers said that while these rates would reduce a bank s return they would still be more than those proposed about a year ago when the government attempted unsuccessfully to initiate another cost reduction plan at the same time the banks would be expected to allow the ecgd to realise additional savings by refinancing existing government backed credit in the capital markets on credits that are refinanced an original lender would receive a residual margin of pct for loans up to mln stg and pct on larger transactions reuter" }, { "label": 0, "text": "coke consolidated coke o to sell canada unit coca cola bottling co consolidated said it has agreed in principle to sell its vancouver based canadian bottling subsidiary to coca cola co ko for undisclosed terms with closing expected within days subject to regulatroy approvals the company said the sale a previously announced agreement for coca cola to buy coke consolidated common shares and operating cash flow should allow it to reduce its long term debvt to about nmln dlrs from mln dlrs at the end of the first quarter reuter" }, { "label": 0, "text": "campeau cmp t unit to sell garfinckel s campeau corp said its allied stores corp entered into a definitive agreement to sell its garfinckel s division to raleigh stories corp for mln dlrs the transaction is expected to close in july the company said garfinckel s net sales for fiscal were mln dlrs the company said campeau said it expects to sell its remaining allied divisions in the near future campeau announced its first agreement to sell an allied unit in april the company said reuter" }, { "label": 0, "text": "wallace computer wcs buy office products firm wallace computer services inc said it acquired for mln dlrs in cash and industrial revenue bonds certain assets of rockwell barnes inc a chicago based office products company reuter" }, { "label": 0, "text": "sun sun to acquire more of wyoming field wolverine exploration co said substantially all the material aspects of the agreement to sell its pct working interest in the luckey ditch unit in unita county wyo to sun co inc have been satisfied closing of the transaction is scheduled for june eight wolverine said the company agreed to sell its interest for dlrs subject to downward adjustment for certain title and state requirements sun already owns a pct working interest in the unit reuter" }, { "label": 2, "text": "consolidated professor cpf to st qtr net shr profit one ct vs nil net profit vs loss revs vs note full name consolidated professor mines ltd reuter" }, { "label": 0, "text": "geodyne geod o sets warrants acquisition geodyne resources inc said iit filed a registration with the securities and exchange commission covering a planned offering of mln warrants to buy its common the company also said its board is evaluating a proposal to acquire closely held snyder exploration co for one mln geodyne shares members of geodyne s senior management also serve as senior management at snyder and painewebber group inc pwj which owns pct of geodyne s mln outstanding shares has a substantial equity interest in snyder the acquisition is being evaluated by geodyne board members not employed by the company painewebber or any company affiliated with painewebber it will be subject to approval by the board and series c preferred shareholders geodyne resources said a registration related to the stock to be exchanged for snyder has been filed with the sec but has not yet become effective the snyder owners other than painwebber are geodyne s president michael w tomasso and its executive vice president james d snyder the company said the warrants will be offered solely to investors in the painewebber geodyne energy income program ii for every dlrs invested in the program an investor will be entitled to buy one warrant to purchase one geodyne common share at a price equal to pct of the average closing price of the stock for the trading days prior to formation of the partnership to which the investor subscribes in adddition geodyne said painewebber investment executives who market the program will be entitled to receive one warrant for every dlrs in subcriptions generated after a four year vesting period these warrants would have an exercise price equal to pct of the day average the company said the warrants are currently priced at cts each but this price is suject to further evaluation by an independent underwriter reuter" }, { "label": 2, "text": "detection systems detc o year end march shr cts vs nil net vs revs mln vs reuter" }, { "label": 2, "text": "j bildner and sons inc jbil o st qtr shr one ct vs nil net vs revs vs reuter" }, { "label": 1, "text": "compromise seen likely over conoco statoil dispute norway is expected to seek a compromise solution to defuse a row between den norske stats oljeselskap a s stat ol statoil and conoco norge a s over which firm will operate the heidrun oil field government sources said the sources who asked not to be named said the government will likely recommend that conoco be allowed to continue as the field s operator through the development phase with statoil taking over only after production starts in the early s oil minister arne oeien told reuters the government had today discused the heidrun matter but that no final decision had been taken and several questions remained unresolved it was unlikely the government would announce its decision on heidrun operatorship until after thursday s cabinet meeting and after discussing a proposed solution with both companies the sources added this spring norway s state owned oil company statoil exercised an option in the heidrun field exploration license that if approved by the government would allow it to relieve conoco as heidrun operator a move sharply criticised by conoco heidrun is often cited by the government and industry as the most likely candidate for the first field development project on the haltenbanken exploration tract off central norway reuter" }, { "label": 2, "text": "fiat unit fidis reports sharply higher profit year net profit billion lire vs billion ordinary share dividend lire vs note finanziaria di sviluppo spa a financial services subsidiary of fiat spa fiat mi said in a statement that shareholders approved a previously announced nominal share capital increase from billion lire to billion reuter" }, { "label": 0, "text": "royal gold rgld o agrees to make acquisition royal gold inc said it has signed two agreements in principle to acquire the stock of two transwestern mining co units for mln shares of royal gold common stock royal said the assets of the units it will acquire from transwestern are mostly gold properties it added it expects to close the deals on june and subject to standard closing conditions including title and environmental approval and closing of a definitive agreement royal said the shares issued in the deal will be subject to registration rights reuter" }, { "label": 2, "text": "hawkins chemical inc hwkn o nd qtr mar net shr cts vs six cts net vs sales vs six mths shr cts vs cts net vs sales mln vs mln note per share earnings adjusted for ten pct stock dividend paid february reuter" }, { "label": 0, "text": "partnership ups hbo hboc o stake to pct andover group a great falls va investment partnership that is seeking control of hbo and co said it raised its stake in the company to shares or pct of the total from shares or pct in a filing with the securities and exchange commission the partnership said it bought hbo common shares for mln dlrs on may the group which has a slate of candidates seeking board seats said it would decide whether to submit an offer to acquire the company after the hbo annual shareholders meeting which was to have been april but was postponed reuter" }, { "label": 0, "text": "humana hum to buy int l medical assets humana inc said a florida judge approved a previously announced proposal for the company to buy certain assets of international medical centers which had been declared insolvent and put into receivership in early may humana said it will pay mln dlrs to the state s department of insurance to pay prior claims and mln dlrs in working capital reuter" }, { "label": 0, "text": "diversified industries dmc to sell units diversified industries inc plans to recover more than four mln dlrs from the sale of two marginal subsidiaries chairman ben fixman told the annual meeting fixman said diversified industries as part of its effort to redeploy assets wants to sell its theodore sall inc and liberty smelting works ltd units the two either lost money or had marginal profitability in recent years he said diversified also said it is in the process of obtaining six mln dlrs in an industrial revenue bond financing from the state of connecticut to modernize the company s plume and atwood brass mill plant in thomaston conn reuter" }, { "label": 0, "text": "insurance firm as piezo pepi o preferred stake corporate life insurance co a west chester pa insurance firm told the securities and exchange commission it has acquired shares of preferred stock in piezo electric products inc or pct of the total corporate insurance said it bought the cumulative convertible preferred stock stake for dlrs for investment purposes reuter" }, { "label": 0, "text": "cellular inc cels o to sell unit take gain cellular inc said it reached a definitive agreement to sell assets of its wholly owned michigan cellular inc to century telephone enterprises inc ctl and add cts a share to the year s earnings as a result it said the sale subject to regulatory approval represents a capital gain in excess of dlrs over the original price paid by cellular for its cellular interests in michigan acquired in december reuter" }, { "label": 2, "text": "comptek research inc cmtk o th qtr march shr cts vs four cts net vs sales mln vs year shr cts vs cts net vs sales mln vs mln reuter" }, { "label": 0, "text": "dotronix dotx o completes acquisition dotronix inc said it completed the acquisition of video monitors inc for mln dlrs video monitors is a privately owned wisconsin based manufacturer of video display and and video monitor devices reuter" }, { "label": 2, "text": "dataflex corp dflx o th qtr march net shr cts vs eight cts net vs revs vs year shr cts vs cts net vs revs mln vs note share adjusted for pct stock dividend in april reuter" }, { "label": 2, "text": "polydex pharmaceuticals ltd polxf o st qtr april end shr loss one ct vs loss two cts net loss vs loss sales vs reuter" }, { "label": 0, "text": "clark copy buys norwegian firm clark copy international corp said it bought a norwegian drafting machines company for three mln u s dlrs clark copy said its majority owned norwegian subsidiary interactive computer aids co of norway purchased kongsberg drafting systems a division of norwegian state owned kongsberg vappenfabrikk kongsberg drafting s annual worldwide sales are about mln dlrs clark copy said reuter" }, { "label": 0, "text": "society savings socs o forms holding company society for savings said it has completed a merger into newly formed holding company society for savings bancorp inc on a share for share basis reuter" }, { "label": 2, "text": "geodyne resources inc geod o th qtr feb shr profit three cts vs profit cts net profit vs profit revs vs avg shrs vs year shr loss eight cts vs profit six cts net loss vs profit revs vs avg shrs vs note share results after preferred dividend requirements of dlrs vs dlrs in quarter and dlrs vs dlrs in year company pct owned by painwebber group inc pwj reuter" }, { "label": 0, "text": "ladd furniture ladf o completes acquisition ladd furniture inc said it has completed the previously announced acquisition of privately held colony house furniture inc for an undisclosed amount of cash and notes reuter" }, { "label": 0, "text": "philip crosby pcro o makes acquisition philip crosby associates inc said it has agreed to acquire process integrity inc of dallas a computer software designer for undisclosed terms it said process software helps companies monitor industrial processes identifies problems and recommends solutions reuter" }, { "label": 0, "text": "peerless manufacturing pmfg o sells unit peerless manufacturing co said it has sold its industrial sensors and instruments division and panhandle equipment co subsidiaries for a total of dlrs in cash it said the transaction will result in a loss of about dlrs or cts per share which it will take in the fourth quarter ending june peerless said due to the sale it will probably have a loss for the year it said it sold the units to buyers it did not name due to increasing losses caused by the depressed petroleum equipment market peerless earned dlrs or cts per share in fiscal it said the units being sold lost cts per share in the first nine months of fiscal and cts in all of fiscal reuter" }, { "label": 0, "text": "hicks and haas group gets financing for spectradyne acquisition" }, { "label": 2, "text": "united tote inc tote o nd qtr april shr profit four cts vs profit three cts net profit vs profit revs mln vs mln six months shr profit four vs loss seven cts net profit vs loss revs mln vs mln note first half includes revnues of new racetrack operation reuter" }, { "label": 0, "text": "semicon tools inc making acquisition semicon tools inc said it has signed a letter of intent to acquire a majority interest in privately held east coast sales a distributor and fabricator of technical ceramic products and disposable clean room materials and supplies terms were not disclosed it said it expects to acquisition to result in a substantial sales increase reuter" }, { "label": 0, "text": "safety kleen sk completes acquisition safety kleen corp said it completed the acquisition of an pct interest in breslube enterprises for about mln dlrs in stock and cash breslube based in toronto collects used lubricating oils from auto garages car dealers and other businesses and re refines it for resale its annual revenues are about mln dlrs reuter" }, { "label": 0, "text": "hicks haas group has spectradyne spdy o funds spi holding inc a group consisting of hicks and haas and acadia partners lp said it has received commitments for the senior bank financing needed to complete its proposed acquisition of spectradyne inc for dlrs a share in cash or securities or a total of about mln dlrs the transaction was conditioned on the arrangement fo financing by today it said it has also executed multi year employment and non competition agreements with five spectrayne senior managers reuter" }, { "label": 0, "text": "computer assoc ca bolsters hand against ibm computer associates international inc s mln dlr merger with uccel corp uce will eliminate its strongest rival but the company still faces stiff competition from international business machines corp ibm wall street analysts said ibm is still the ruling force in mainframe systems software said scott smith an analyst with donaldson lufkin and jenrette but the combination of the two companies will clearly present a much stronger front he said besides ibm computer associates will be far and away the most powerful company in the field added e f hutton analyst terence quinn that field is a segment of the market known as system utilities or software packages that boost the productivity of a company s data processing facilities by increasing the speed power and efficiency of large mainframe computers the merger of uccel and computer associates combines the two biggest systems utilities suppliers other than ibm analysts said the remaining players are mostly small firms that will find the competition much harder than in the past for computer associates the merger with uccel caps a six year acquisition campaign that has vaulted the garden city n y based company to the top of the software industry when the deal is completed sometime in august the company s revenues will exceed mln dlrs pushing it past microsoft corp mfst as the world s largest independent software vendor computer associates founder and chairman charles b wang took the company public in and since then he has bought companies and boosted annual sales from mln to mln dlrs for the year ended march liemandt took charge of wyly sold off its non computer businesses and decided that it would focus solely on mainframe computer software in the company was renamed uccel corp liemandt who said he will leave the company after the merger is completed also turned to acquisitions for growth on the last day of uccel completed the buyouts of six companies for a total of about mln dlrs for it earned mln dlrs or dlrs a share on sales of mln dlrs the agreement took industry analysts by surprise largely because the companies had been such bitter rivals also dallas based uccel had engineered a strong comeback from the dark days of when as wyly corp it lost mln dlrs or cts a share at that time wyly owned a potpourri of different businesses only three of which were involved in computer software in walter haefner a swiss financier and a major wyly investor lured gregory j liemandt away from his job as chairman of general electric co s ge computer services unit computer associates wang and uccel s liemandt said at a news conference that the merger would give computer users a single source for a wide range of software products in addition to system utilities computer associates also sell products for microcomputers while uccel has made inroads in the applications software market where analysts said it has been successful with accounting and banking systems wang said computer associates would continue to support and enhance both companies product lines but noted that the company will eventually weed out duplicate offerings he said about pct of the companies products overlap analysts said the merger would dilute the holdings of current computer associates shareholders by about pct but they joined wang in forecasting that the deal will not dilute computer associates earnings for the current fiscal year quinn of e f hutton said wang has a proven track record of completing acquisitions without earnings dilution therefore he said he would not change his earnings estimate of dlrs a share wang said he would look closely at the combined operations of the two companies and cut duplication in sales marketing and research and development analysts said computer associates paid a premium for uccel based on friday s closing price the company will swap dlrs worth of its stock for each uccel share which is nearly times uccel s estimated earnings of dlrs a share stephen t mcclellan of merrill lynch research said most software companies are currently valued at about times per share earnings but the analyst said uccel was worth the premium because of its earnings potential and customer base wang said haefner the swiss investor would hold about pct of computer associates stock after the merger he currently owns pct of uccel the executive said the merger would not alter his target of maintaining sales and earnings growth of pct to pct in addition he said he expects no problems in having the deal cleared by the antitrust division of the u s justice department uccel s liemandt declined to say what he will do after the merger but he did not rule out working together with wang reuter" }, { "label": 0, "text": "maxwell would not renew bid if suit fails british press magnate robert maxwell said his british printing and communication corp plc would not renew its bid for harcourt brace jovanovich inc hbj if the lawsuit filed against harcourt in new york today fails speaking at a press conference maxwell denied market rumors that british printing had approached british institutions to arrange a rights issue with a view to relaunching its bid for the u s publishing concern i don t believe in chasing mirages maxwell said british printing filed suit in u s district court in manhattan to block what maxwell called a fraudulent recapitalization announced by harcourt last week harcourt in response to a hostile two billion dlr takeover proposal from maxwell planned a recapitalization that would pay shareholders dlrs per share under the plan it also said pct of its shares will be controlled by its employees management and its financial adviser first boston corp fbc reuter" }, { "label": 2, "text": "grand union co th qtr march net net vs sales mln vs mln year net mln vs mln sales billion vs billion note twelve and week periods generale occidentale sa subsidiary prior year net both periods includes dlr pretax charge for store closings year net includes pension gain dlrs vs charge dlrs due to change in pension accounting income tax rate for year pct vs pct due to abolition of investment tax credits elimination of investment tax credits approximately offset gain from change in pension accounting company said reuter" }, { "label": 0, "text": "u s video vvco o first national in merger u s video vending corp said it completed acquiring first national telecommunications inc from first national entertainment corp for about mln or a controlling interest of u s video vending shares pursuant to the transaction harvey seslowsky and william hodes resigned from u s video s board and were replaced by four members of first national reuter" }, { "label": 0, "text": "rapid american completes k mart km store buy privately held rapid american corp said it has completed the previously announced acquisition of kresge and jupiter stores from k mart corp the company said it plans to operate of the stores as mccrory five and variety stores and close the others by the end of july reuter" }, { "label": 2, "text": "hughes supply inc hug st qtr april net shr cts vs cts shr diluted cts vs cts net vs sales mln vs mln note average shares up pct on primary basis reuter" }, { "label": 0, "text": "total health tlht o to make acquisition total health systems inc said it has agreed to acquire comed inc of denville n j a health maintenance organization with over subscribers for an undisclosed amount of cash the assumption of liabilities and the provision of up to mln dlrs in equity and debt financing the company said the acquisition is subject to regulatory approvals it said comed had revenues of mln dlrs and earnings of dlrs and had revenues for the first four months of of mln dlrs up pct from a year before reuter" }, { "label": 0, "text": "united asset uam completes acquisition united asset management corp said it has completed the acquisition of rice hall james and associates of san diego for undisclosed terms it said rice hall manages investments for institutions and individuals and has about mln dlrs in assets under management currently reuter" }, { "label": 0, "text": "computerland to be acquired by investor group computerland corp said an investor group led by the financial services firm e m warburg pincus and co inc has agreed to acquire computerland s business computerland a privately held company said to be the world s largest retailer of personal computers declined to provide details of the arrangement but the company said it expects to close the acquisition over the next to days in announcing the transaction computerland said the acquisition will provide it with resources and support to maintain and expand its leadership position in the computer retail industry computerland also said its network retail sales in totalled billion dlrs reuter" }, { "label": 0, "text": "bilzerian says if pay n pak signs merger accord he will tender for mln shares" }, { "label": 0, "text": "piosec pio al acquires semiconductor stake piosec technology ltd said it exchanged mln common shares for pct of privately owned alliance semiconductor corp of santa clara calif followin the acquisition a piosec spokesman said the company has mln shares outstanding reuter" }, { "label": 0, "text": "co operative cobk o completes acquisition co operative bancorp said it completed the acquisition of all the issued and outstanding stock of the quincy co operative bank qbck o under the agreement quincy stockholders will receive dlrs cash for each share owned of the quincy co operative bank for a total transaction of approximately mln dlrs co operative said reuter" }, { "label": 5, "text": "reagan says u s allies must honor accords on exchange rate stability" }, { "label": 0, "text": "info data to acquire usa outdoor advertising info data inc said it will acquire usa outdoor advertising inc of jacksonville fla in exchange for stock usa outdoor advertising was acquired for pct of the outstanding shares of info data inc the company said info data said it plans to change its name to usa outdoor advertising inc to reflect the change in the company s operations reuter" }, { "label": 5, "text": "reagan urges fulfillment of exchange accords president reagan preparing to depart for the venice economic summit on wednesday said the united states and its allies must fulfill agreements on exchange rate stability economic policy decisions made last year in tokyo and at this year s meetings of group of finance ministers in paris and in washington cannot be ignored or forgotten he said the commitments made at these meetings need to be translated into action reagan said in a pre summit speech celebrating the th anniversary of the marshall plan reuter" }, { "label": 0, "text": "uni marts imma o acquires gas n all stores uni marts inc said it acquired seven gas n all inc convenience stores for an undisclosed amount of cash the acquisition bring to the number of convenience stores owned by uni marts the company said reuter" }, { "label": 2, "text": "merrill corp mrll o st qtr april net shr cts vs cts net vs revs mln vs mln avg shrs vs reuter" }, { "label": 0, "text": "advanced telecommunications atel o to buy co advanced telecommunications corp said it reached an agreement in principle to purchase teltec savings communications co a long distance telephone service in florida the proposed acquisition price is approximately mln dlrs in cash the company said reuter" }, { "label": 2, "text": "odetics inc oa ob th qtr march net shr seven cts vs eight cts net vs revs mln vs year shr three cts vs one ct net vs revs mln vs mln reuter" }, { "label": 1, "text": "basin pipeline texas okla border washed out by floods some bpd crude affected" }, { "label": 4, "text": "ccc interest higher in june usda says interest rates on commodity loans disbursed by the commodity credit corporation ccc this month will carry a pct interest rate the u s agriculture department said that is up from the may rate of pct and reflects the interest rate charged the ccc by the u s treasury in june usda noted reuter" }, { "label": 0, "text": "bilzerian prepared to tender for pay n pak pnp investor paul bilzerian said if pay n pak stores inc enters into a merger accord with him he will immediately begin a tender offer for mln shares for dlrs per share in cash bilzerian told reuters he believes his offer is superior to a leveraged buyout proposal disclosed in an announcement by the company this morning the company said it is evaluating both proposals bilizerian said he was optimistic his offer will be accepted at a meeting of the board of directors wednesday officials of pay n pak did were not immediately available for comment bilzerian said he has a pool of mln dlrs raised by shearson lehman brothers inc available for the tender and we may add a bank to that we ve submitted an agreement we re prepared to sign he said shares not accepted in bilzerian s tender would be exchangeable for dlrs in convertible preferred stock asked what would happen if the leveraged buyout group which the company did not identify topped his offer between now and the board meeting bilzerian said he expected an opportunity to respond pay n pak gave no details about the buyout group but did say the offer was contingent on financing and on an agrreement regarding management s equity participation bilzerian said it was his understanding that the management particpation was nominal pay n pak fell to arbitrageurs said there was disappointment that neither of the offers topped dlrs we were expecting an offer north of above or dlrs said one arbitrageur the leveraged buyout plan was for dlrs per share in cash and dlrs in pct cumulative preferred stock robert cheadle analyst at montgomery securities said you have to ask yourself why no one in the industry made a bid scott drysdale analyst at birr wilson securities said the company has not made the best strategic moves over the years they have not done the right things at the right time he said and as a result earnings per share have steadily declined since the cts per share in earnings reported for the fiscal year ended in february was lower than s earnings he said earnings totaled mln dlrs on revenue of mln dlrs drysdale said pay n pak has better trained sales people than many competitors but it competes on price even though competitors have lower costs the result is squeezed margins he noted that there have been no other publicly identified bidders stepping forward since the company rejected an earlier bilzerian proposal in mid april another arbitrageur said it might not be too late for another bidder to get in the game he speculated that someone in the same home improvement business might be able to offer a deal for stock that would top both the buyout proposal and bilzerian s plan reuter" }, { "label": 0, "text": "forstmann little and co said it plans to sell sybron corp unit" }, { "label": 0, "text": "pharmacontrol phar o acquires revco unit pharmacontrol corp said it acquired private formulations inc from revco d s inc for six mln dlrs in cash a dlr promissory note and warrants to buy pharmacontrol common shares pharmacontrol said the purchase price was financed along with one mln dlrs in working capital through secured institutional financing the company said betweenm dlrs and dlrs f the principal amount of the revco note plus accrued interest is payable june the balance is payable over three years pharmacontrol said it expects to make the payment due to revco from proceeds of a proposed offering of units consisting of convertible subordinated debenturers and common stock currently on file with the securities and exchange commission upon closing of the public offering the company said it expects the secured institutional financing to increase to a total of mln dlrs private formulations is primarily engaged in the manufacture and distribution of vitamins and private label over the counter pharmaceutical products reuter" }, { "label": 0, "text": "fisher shareholder indecisive over stock buy fisher foods inc fhr said richmond road corp its largest shareholder has not yet reached a definitive decision about whether it will buy more fisher stock through a possible merger tender offer or another acquisition proposal is a delaware corporation formed by american seaways foods inc rini holding co and rego companies which owns mln shares of fisher or about pct of its outstanding common stock fisher said had announced on april that they would make a decision on june about the move fisher said also told it they will continue to explore possible advantages and disadvantages of various acquisition proposals also said it is continuing to discuss with various financial groups about possible financing for such a move but gave no indication of when any financing or proposal would be finalized fisher said reuter" }, { "label": 0, "text": "u s bancorp usbc o has acquisition approval u s bancorp oregon said it has been advised orally that its application for the acquisition of old national bancorp has been approved by the board of governors of the federal reserve the company said it has also been advised that it has received fed approvals for its acquisition of heritage bank of camas wash and for its conversion of its subsidiary u s thrift and loan of salt lake city utah into a commercial bank in january u s bancorp and old national reached a definitive agreement covering the acquisition of all the stock of old national which it does not already own for mln dlrs u s bancorp currently owns pct of old national s stock reuter" }, { "label": 1, "text": "major u s oil pipeline shut down by floods flooding in the red river on the texas oklahoma border has shut down the basin pipeline a inch pipeline that transports as much as barrels per day of sweet and sour crudes from texas to cushing okla a texaco pipeline co spokesman confirmed the water is rushing by so fast that we can t get any divers down to assess the damage but there is some possibility that the pipeline could be up by the end of the week a company source said the pipeline transmits roughly two thirds sour crude and one third sweet crude oil from the midland texas region texaco sources said that if the pipeline service is restored by friday there would be little problem in restoring oil which has been lost to the flood but if the pipeline is down more than days it will be difficult to make up without prorationing and we would not like to proration this pipeline if we don t have to the basin pipeline is jointly owned by atlantic richfield corp arc shell oil co a subsidiary of the royal dutch shell group rd and texaco inc tx which is the pipeline s operator peter beutel analyst at elders futures inc said crude oil futures contracts on new york mercantile exchange rose to new highs this afternoon following news of the pipeline break july crude futures of west texas intermediate traded up to dlrs a barrel a rise of more than cts cash market prices also firmed on the news with sellers of wti raising offers to dlrs a barrel sour crudes which would be most affected by the pipeline shutdown however were slow to react to the news with west texas sour and alaska north slope holding cts to one dlr a barrel below wti respectively dan stevens manager of public and government affairs at texaco said the company hopes to fix the pipeline in five days but that will depend on when the water level of the red river recedes there is already evidence that the water level is dropping and it appears the rain has stopped in the area affecting the pipeline stevens said he said the segment of the pipeline that was damaged was underground and at a distance from the red river that flooded the pipeline runs over the red river and under the subsoil nearby according to stevens he said some of this subsoil was apparently washed away the potential for environmental damage is being downplayed at this time despite the volume of oil that runs through this line texaco s stevens said that aerial surveillance has not found any crude on the water in the river or in lake texoma which is nearby reuter" }, { "label": 2, "text": "british land of america inc bla year march shr loss cts vs loss cts net loss vs loss revs mln vs mln avg shrs mln vs mln note company is a subsidiary of british land co plc reuter" }, { "label": 0, "text": "forstmann little and co to sell unit forstman little and co said it plans to sell its sybron corp unit a leading maker and marketer of dental and laboratory products for an undisclosed sum forstmann little said it acquired sybron in february and since that time sybron has been substantially restructured with new management lower corporate overhead and a new location in saddle brook n j fortsmann little said goldman sachs and co will act as its financial advisor for the move it added that sybron expects revenues for the current fiscal year of mln dlrs with operating income of about mln dlrs reuter" }, { "label": 0, "text": "takeover speculation lifts hutton efh shares e f hutton group inc shares rose on speculation the company would receive a takeover offer traders said hutton s stock also was affected by a newspaper report that first boston corp fbc accumulated almost five pct of hutton s stock on behalf of an outside client traders said traders said the story which appeared in usa today added speculation which began on the street last week they said there were rumors the stock was under accumulation and speculation abounded the company would soon receive an offer a hutton official declined comment hutton s stock rose to hutton several months ago rejected a buyout offer from shearson lehman brothers inc she the newspaper story mentioned speculation american express co axp the parent of shearson was a possible buyer but traders said the rumors today did not name buyers first boston officials were not immediatley available for comment prudential bache analyst larry eckenfelder said he doubted the speculation about american express he said he believed hutton which is occassionally surrounded by rumors moved up today as a result of the newspaper article hutton is still a takeover candidate said eckenfelder reuter" }, { "label": 0, "text": "hong kong firm ups wrather wco stake to pct industrial equity pacific ltd a hong kong investment firm said it raised its stake in wrather corp to shares or pct of the total outstanding common stock from shares or pct in a filing with the securities and exchange commission industrial equity which is principally owned by brierley investments ltd a publicly held new zealand firm said it bought wrather common shares on may and at dlrs a share or mln dlrs total reuter" }, { "label": 1, "text": "congressman says u s unprepared for oil cutoff rep mike synar said today that while president reagan is ready to use military force to protect kuwait tankers in the gulf the united states is ill prepared at home to deal with a new energy crisis synar democrat of oklahoma made his remarks in comments on a study by the general accounting office gao on the u s participation in the test of the emergency oil sharing program of the international energy agency the iea an alliance of oil consuming countries was formed after the arab oil embargo to find ways to deal with any future oil cutoff synar said the president is prepared to take military action to protect kuwaiti oil tankers but has been unwilling to take less dangerous equally important action to prepare our nation for the next energy crisis reagan said the u s military would protect kuwaiti oilers to assure the west of a continuing supply of middle east oil increasingly being threatened by the iranian iraqi war synar who asked for the gao report after criticism of u s action in a previous iea test said the united states successfully advocated a test limited to training participants in oil sharing procedures and the system s mechanical aspects reuter" }, { "label": 0, "text": "allied signal ald completes sale of mpb corp allied signal inc said it completed the sale of its mpb corp unit to bearing acquisition corp for mln dlrs plus assumption of certain mpb liabilities headquartered in keene n h mpb designs and makes precision ball and roller bearings used in aerospace ordnance and computer applications allied signal said the unit had sales of over mln dlrs it noted the sale to newly formed bearing acquisition was announced may allied signal said bearing acquisition is a newly formed corporation owned by an investors group organized by harold s geneen and donaldson lufkin and jenrette securities corp wells fargo bank provided senior debt financing to bearing acquisition and donaldson lufkin and jenrette provided bridge financing in the form of subordinated notes preferred stock and common stock in an amount sufficient to fund the purchase price allied signal added reuter" }, { "label": 0, "text": "bass group cuts national distillers dr stake an investor group led by members of the bass family of fort worth texas said it lowered its stake in national distillers and chemical corp to shares or pct of the total common from or pct in a filing with the securities and exchange commission the bass group said it sold national distillers common shares between may and at prices ranging from to dlrs a share as long as the group s stake is below five pct it is not required to disclose its further dealings in national distillers common stock reuter" }, { "label": 0, "text": "republic american rawc o ups buckeye bpl stake republic american corp told the securities and exchange commission it raised its stake in buckeye partners l p to limited partnership units or pct of the total from units or pct republic which is controlled by cincinnati ohio financier carl lindner and his american financial corp said it bought buckeye units between may and at prices ranging from to dlrs each or about mln dlrs total reuter" }, { "label": 0, "text": "kingsbridge masco set merger kingsbridge holdings ltd said it signed a letter of intent for a merger with masco sports inc the transaction calls for mln sahres of kingsbridge common stock to be issued to shareholders of masco reuter" }, { "label": 2, "text": "international corona icr to nd qtr net period ended march oper shr profit four cts vs loss cts oper net profit vs loss revs vs not given six mths oper shr profit eight cts vs loss cts oper net profit vs loss revs mln vs not given reuter" }, { "label": 2, "text": "royex gold mining rgm to nd qtr march net oper shr loss three cts vs loss one ct oper net loss vs loss revs vs six mths oper shr loss eight cts vs loss four cts oper net loss vs loss revs vs note net excludes nd qtr extraordinary gain of mln dlrs or dlrs shr from sale of pct stake of mascot gold mines ltd msg to full name royex gold mining corp reuter" }, { "label": 0, "text": "dresser industries inc to sell reliance standard life insurance to rosenkranz unit" }, { "label": 2, "text": "diana corp dna year march oper net oper shr cts vs cts oper net vs note operating net excludes credits of dlrs or cts a share operating net excludes discontinued operations of dlrs or two cts and extraordinary charges of dlrs or a loss of cts reuter" }, { "label": 0, "text": "wyse wyse o to get link technologies wyse technology said it agreed in principle to acquire privately held link technologies inc in exchange for an undisclosed amount of wyse technology shares link technologies develops and markets computer terminals wyse also said reuter" }, { "label": 2, "text": "mclain industries inc mccl o nd qtr march shr cts vs cts net vs revs mln vs mln six months shr cts vs cts net vs revs mln vs mln reuter" }, { "label": 2, "text": "phillips van heusen corp pvh st qtr shr cts vs cts net mln vs mln revs mln vs mln note includes lifo charge of mln dlrs pension expenses declined by dlrs due to change in accounting interest decreased by dlrs reuter" }, { "label": 0, "text": "dresser di to sell unit to rosenkranz and co dresser industries inc said it signed a definitive agreement to sell its reliance standard life insurance co to rsl holding co inc a subsidiary of the privately held new york based investment firm of rosenkranz and co terms were not undisclosed philadelphia based reliance earned mln dlrs on sales of mln dlrs in dresser said it will use the proceeds from the sale for stock repurchases debt reduction and possibly complementary acquisitions in the field of engineered products and services for energy producers reuter" }, { "label": 0, "text": "atcor atco o seeks buyers for consumer business atcor inc said that roth american inc which had signed a letter of intent on may to acquire its turco and charmglow operations of its consumer products segment has decided against buying charmglow while roth american said it is still interested in acquiring turco atcor said it is now reviewing its options with other potential buyers who have expressed interest in its consumer products businesses reuter" }, { "label": 2, "text": "international consumer brands icbi o st qtr shr profit one cts vs loss three cts net profit vs loss revs mln vs reuter" }, { "label": 0, "text": "uspci upc seen rejecting union pacific bid share bid made last wednesday by union pacific corp unp analysts said the offer is inadequate said douglas augenthaler an analyst with e f hutton noting that it does not represent the needed premium over the company s fundamental value based on earnings estimates uspci which has mln shares outstanding was trading at down uspci vice president of finance larry shelton said he could not comment on the adequacy of the offer or on when the board would meet to consider it augenthaler said that while uspci was trading at only dlrs a share at the time of the takeover bid its announcement that same day of higher earnings expectations changed its value uspci said its second quarter earnings would exceed analysts expectations of to cts a share at that price uspci could maintain a stock price in the low s augenthaler said hutton revised its earnings estimate for the waste management concern to dlrs a share from dlrs on the announcment he said it lifted its projection to dlrs a share from dlrs in addition analysts said the hazardous waste management business holds significant growth potential the industry has grown from to pct over the last five years based on earnings per share said jeffrey klein an analyst with kidder peabody and co the industry is expected to continue growing at to pct over the next five years he said augenthaler said the dlr a share offer or mln dlrs total would be a bargain for union pacific the transportation and energy company would both gain entry into a profitable business and win cost control benefits he said union pacific has what are rumored to be some fairly signficant environmmental problems of its own he said herb mee jr president of beard oil co bec which holds a pct stake in uspci said last week union pacific s offer was grossly inadequate reuter" }, { "label": 1, "text": "total petroleum tpn shuts texas pipelines total petroleum na tpn shut down several small crude oil pipelines operating near the texas oklahoma border last friday as a precaution against damage from local flooding according to gary zollinger manager of operations total shut a inch line that runs across the ouachita river from wynnewood to ardmore with a capacity of bpd as well as several smaller pipelines a few inches wide with capacities of several thousand bpd or less zollinger said the basin pipeline a major pipeline running bpd run by a consortium of other oil companies was closed today one other small pipeline that total also closed has a capacity of to bpd and crosses the red river in fargo texas zollinger said he said the closed pipelines run under river water and could be damaged as the flooded rivers erode the river banks and expose the piping zollinger said total is waiting for the river waters to recede before they reactivate the pipelines reuter" }, { "label": 1, "text": "doe reaches proposed oil settlements the energy department said it reached proposed oil pricing settlements totaling dlrs with the operator and four working interest owners of a d leblanc no well vermillion parish la trigon exploration co inc operated the well from june to january for d bryan ferguson c william rogers omni drilling partnership no and entex inc doe alleged trigon caused overcharges of dlrs by improperly classifying its oil as newly discovered crude a classification that allowed charging higher prices during a period of price controls it said the proposed settlements would resolve disputes over possible violations by the five parties doe added that in agreeing to the settlements the five did not admit any violations or non compliance with its regulations it said it would receive written comments on the settlements before making it final reuter" }, { "label": 0, "text": "first of america fabk o acquires keystone first of america bank corp said it acquired keystone bancshares inc for mln dlrs keystone shareholders will receive dlrs per keystone share payable in first of america convertible preferred stock having a dividend rate of nine pct keystone has two affiliates with combined assets of mln dlrs first of america has billion dlrs in assets reuter" }, { "label": 0, "text": "fluorocarbon fcbn o completes acquisition fluorocarbon co said it completed the acquisition of eaton corp s etn industrial polymer division the company said it paid about mln dlrs in cash for the division which will be renamed samuel moore group fluorocarbon also said the division should boost annual sales to mln dlrs from last year s mln dlrs reuter" }, { "label": 2, "text": "charter power systems inc chp st qtr shr cts vs cts net vs revs mln vs mln avg shrs mln vs mln reuter" }, { "label": 0, "text": "financial security fssla o to be acquired financial security savings and loan association said it signed a letter of intent for a controlling interest to be acquired by an investor group led by south florida developer william landa terms were not disclosed reuter" }, { "label": 0, "text": "edelman group cuts burlington bur stake new york investor asher edelman and dominion textile inc dtx t who are currently seeking to acquire burlington industries inc in a hostile tender offer said they lowered their stake in the company in a filing with the secruties and exchange commission the edelman dominion group known as samjens acqusition corp said it sold options to buy burlington common shares reducing its stake in the company to shares or pct from shares or pct the group said the sale which represented all the burlington options it owned was made may for mln dlrs the edelman dominion group last week sweetened its hostile tender offer to dlrs a share after burlington agreed to a leveraged buyout by a morgan stanley and co backed group for dlrs a share but the edelman dominion group which has litigation pending against burlington also said it has held talks with morgan stanley about the possibility of settlement of outstanding matters among it morgan stanley and burlington reuter" }, { "label": 0, "text": "entertainment marketing tops crazy eddie offer a quickly growing texas based distributor of electronics products offered mln dlrs for crazy eddie inc crzy the leading new york city electronics retailer or one dlr per share more than its founder has bid the dlr a share offer by entertainment marketing inc em for crazy eddie comes less than two weeks after founder eddie antar and a firm controlled by the belzbergs of canada announced a bid to take the store crazy eddie chain private analysts said entertainment marketing whose revenues and profits quadrupled in may be looking to break into the highly competitive new york city retail market for consumer electronics the nation s biggest at a time the fortunes of electronics retailers have sagged the analysts questioned whether houston based entertainment marketing founded by a former electronics retailer but whose present buinesses are primarily as wholesale distributors had the management expertise for retailing or was merely trying to drive up the price of the crazy eddie shares it already owns i have mixed feelings said analyst dennis telzrow of eppler geurin and turner a dallas brokerage on the one hand it s probably a cheap price on the other hand does entertainment marketing have the management talent to run it and will the crazy eddie people leave it s a risky strategy for entertainment marketing said analyst eliot laurence of wessels arnold and henderson a minneapolis brokerage electronics retailing is very management concentrated they d want to keep crazy eddie s management in place laurence said that since entertainment marketing already owns percent of crazy eddie s million shares it may be trying to get the antar belzberg group to increase its dlr a share offer shares of crazy eddie which have jumped from the high dlr range to above dlrs since the antar belzberg bid was announced may rose another cents monday to a share in over the counter trading antar the reclusive founder of the chain in the new york city philadelphia and connecticut areas said last month that his group controlled percent of crazy eddie s shares a crazy eddie spokesman said the company s board has taken no decision on the antar belzberg offer worth some mln dlrs since they own more shares than entertainment marketing he would not comment on the new offer entertainment marketing sells computer products such as disk drives and other often discounted electronics goods to retailers primarily in the southwest and directly to consumers by cable television in fiscal ending last january its revenues rose to mln dlrs from mln dlrs the previous year net profit went to mln dlrs from dlrs in entertainment marketing whose chief executive officer elias zinn once ran an electronics retailing business said in a statement it had committed mln dlrs toward the purchase of crazy eddie and had retained dean witter reynolds inc to assist in financing the balance analyst telzerow estimated that the company would have to borrow about mln dlrs to complete the proposed buyout since crazy eddie has cash and other assets worth about the same amount shares of entertainment marketing were up cents monday to reuter" }, { "label": 0, "text": "first union func o completes acquisitions first union corp said it completed the acquisition of two florida based banks north port bank based in north port and city commerical bank based in sarasota reuter" }, { "label": 2, "text": "crop genetics international crop o th qtr th qtr ended march shr loss cts vs loss cts net loss vs loss revs vs year shr loss dlrs vs loss cts net loss vs revs vs reuter" }, { "label": 0, "text": "investors may take computerland public the investor group that has agreed to buy computerland corp will likely take the leading personal computer retailer public or sell it to other investors industry analysts said now s a good time said joe levy of international data corp the personal computer industry has bottomed out and is on the way up again he said earlier today closely held computerland the largest pc retailing chain in the country said it agreed to be bought by an investor group led by e m warburg pincus and co new york neither computerland which is pct owned by its founder william h millard nor e m warburg a money management and venture capital firm would disclose the value of the transaction analysts estimated that computerland whose stores generated billion dlrs in sales last year would fetch mln dlrs to mln dlrs computerland franchise owners pay royalties averaging pct to the parent company officials for e m warburg referred all questions to computerland computerland officials could not immediately be reached for comment e m warburg currently manages billion dlrs in venture capital funds and its past investments have included mattel inc mat and the ingersoll newspaper chain it is also a money manager with billion dlrs under management although the pc retailers are benefitting from the strong upturn in pc sales analysts said computerland must make key changes if it is to fend off advances from rivals like businessland inc busl o and tandy corp s tan radio shack stores the name of the game now is outbound sales forces customer service and customer support said levy of international data relations between computerland and its franchise owners have mellowed recently after millard was forced to give up managment control of the company in ed faber who took over as chairman and chief executive officer revamped the company s royalty plan which help quell much of the franchisee dissent reuter" }, { "label": 0, "text": "ladd ladd o unit completes acquisition ladd furniture inc s clayton marcus furniture subsidiary said it completed the previously announced purchase of privately held colony house furniture inc for an undisclosed amount of cash and notes reuter" }, { "label": 0, "text": "cis cisif o agrees to second extension cis technologies inc said that it and the swiss reinsurance co of zurich switzerland agreed to a second extension of two dates for the final part of their share purchase agreement it said the june one election date has been extended to june and the june closing date has been changed to july reuter" }, { "label": 0, "text": "waste management wmx board okays modulaire buy waste management inc said its directors approved a may accord with modulaire industries modx o under which waste management would acquire modulaire under the agreement modulaire stockholders would receive dlrs in waste management stock for each modulaire share modulaire has scheduled a special shareholders meeting for july to vote on the merger waste management said it has received proxies from holders of pct of modulaire s common stock that could be voted in favor of the merger the hart scott roding waiting period on the takeover will expire june reuter" }, { "label": 0, "text": "burlington bur hearing to continue tomorrow u s district court judge eugene a gordon said he plans to issue a decision tomorrow on burlington industries inc s request for an injunction to stop samjens acquisition corp s takeover bid for the company wall street sources have said the outcome of the case could be pivotal in determining the winner in the fierce takeover battle for burlington the largest u s textile maker gordon presided over six hours of argument today by lawyers for burlington and samjens a partnership formed by dominion textile inc and new york investor asher edelman hearings are scheduled to continue tomorrow a preliminary injunction would hold up samjens billion dlr offer until the case is decided burlington had previously agreed to a billion dlr buyout from morgan stanley group inc ms one dlr per share lower than a sweetened dlr per share bid made by samjens last week burlington has not responded to the new samjens offer burlington has alleged in its lawsuit that edelman and dominion used illegally obtained confidential information about the company in making their takeover attempt that information burlington said was provided by james ammeen a former burlington executive through painewebber group inc pwj ammeen who had worked for burlington for years had as many as divisions with pct of burlington s sales reporting to him when he left burlington in november burlington said he signed a contract promising never to divulge inside information about the company burlington lawyers said shortly after he left he began working with a painewebber employee on a hostile plan to takeover the company dismember the company and displace its management burlington lawyer hubert humphrey said samjens lawyers acknowledged it received information from painewebber but argued the information was public information and could be obtained either from texitle industry analysts or burlington s public financial statements burlington lawyers said painewebber and ammeen met with edelman and dominion in november and continued to meet with them until a couple of days before edelman and dominion went public april with their intention to take over the company burlington lawyers claim dominion s board decided to attempt a takeover of burlington after ammeen met with the board in february burlington lawyers said edelman and dominion held discussions with painewebber and ammeen about acting as financial advisers to samjens but they allege talks broke off because painewebber and ammeen could not satisfy edelman and dominion with a written statement that they did not provide inside information lawyers for samjens contended that painewebber and ammeen withdrew as potential advisers because burlington chairman frank greenberg had called a painewebber executive and threatened legal action if painewebber got involved in an effort to takeover burlilgnton the ultimate question is not the price per share or the profit but rather the permissable standards of conduct for those who would takeover an american company said burlington lawyer humphrey burlington lawyers also contended that burlington as the largest manufacturer of denim in the united states would be in violation of anti trust laws if it acquired dominion canada s largest textile maker dominion has denim manufacturing plants in georgia which would reduce competition in the denim market the lawyers said samjens lawyers discounted the concern they said the market for denim is more fragmented than burlington contends and that burlington has the ability to switch between light weight and heavy weight denim production as demand and price dictate samjens lawyers also pointed to a lawsuit filed by burlington in canada in which it said it was considering a bid for dominion surely what would have been sauce for the goose would have been sauce for the gander said sidney rosdeitcher a samjens lawyer reuter" }, { "label": 0, "text": "edelman details burlington bur options sale a tender offer of asher edelman and dominion textile ltd dtx to for burlington idustries inc is not affected by the investors sale of options to buy burlington stock according to an associate of edelman noting that our tender offer is definitely in place the aide said the investors are prohibited by securities and exchange commission regulations from exercising options as long as a tender offer is open the options are due to expire at the end of june he said the may sale of options to buy burlington shares was thus a non event reuter" }, { "label": 0, "text": "cont l materials cuo ends consideration of bid continental materials corp said its directors decided not to give further consideration to business combination proposed by a stockholder group that holds pct of continental materials stock continental materials said the offer had been received from continental associates a group of st louis businessmen according to continental materials the group said may it might boost its stake in continental materials but the group also said in a letter last week to the company that the group had no financing the board did not consider it an official offer a continental materials spokeswoman said reuter" }, { "label": 0, "text": "ameribanc ainv o cardinal end acquisition ameribanc investors group and cardinal savings and loan association jointly announced that the proposed acquisition of cardinal by ameribanc has been terminated by mutual agreement reuter" }, { "label": 0, "text": "court upholds bank building bb self tender bank building and equipment corp of america said the delaware chancery court denied a stockholder s request for a preliminary injunction against an offer for bank building stock made by the company and its employee stock ownership plan and trust bank building said the joint offer is for shares of bank building stock at dlrs a share the offer is scheduled to expire midnight edt on june bank building also said its board set july as the date of the company s annual meeting with a record date of july six reuter" }, { "label": 0, "text": "harcourt hbj debentures may trigger suit holders of convertible subordinated debentures of harcourt brace jovanovich inc threatened to sue the company if they do not get more information about how their investment will be affected by the company s proposed recapitalization plan the holders none of whom was willing to be identified said although harcourt has urged that they convert their shares to common stock by the june eight record date for a special dividend they were unable to determine if it might be better for them to continue holding the debentures there are rumors that various houses will bring litigation if we don t get answers said a wall street source officials of harcourt declined to comment citing a suit brought by british publisher robert maxwell whose has been trying to acquire harcourt executives of first boston inc harcourt s financial adviser did not return a telephone call seeking comment when it announced its recapitalization may harcourt advised holders of the pct convertible subordinated debentures due to convert into common by the june eight record date for the company s special dividend harcourt s special dividend pays dlrs per share in cash plus a security worth dlrs holders would also retain stock in the recapitalized firm the debentures had been convertible at dlrs per share harcourt s may announcement said the conversion price would be adjusted according to the indenture covering the securities arbitrageurs said the conversion formula yielded a negative number and thus they needed further information from the company reuter" }, { "label": 1, "text": "south korea increases duty on crude imports south korea has increased its duty on crude oil imports to dlrs a barrel from dlrs effective today the energy ministry said the duty to raise funds for special energy projects was adjusted after average crude import prices rose to dlrs a barrel in april from dlrs in march and dlrs in april ministry officials said a separate pct import tax on crude oil is unchanged reuter" }, { "label": 0, "text": "equiticorp tasman to bid for monier ltd equiticorp tasman ltd etl said it will offer dlrs a share cash for all the issued capital of monier ltd mnra s currently the subject of a dlrs a share bid by csr ltd csra s alternatively etl will offer three shares plus cents cash for each monier share it said in a statement as previously reported etl moved into the market for monier shares last week taking its stake to pct by friday it now holds pct the maximum allowed without foreign investment review board firb approval etl is classified as foreign because of its new zealand base the etl cash offer values monier s issued capital of mln shares at mln dlrs against mln for the csr bid based on the current price of etl shares of dlrs the alternative is worth dlrs per share but etl said the value placed on its shares for the offer aproximates to the diluted asset backing of etl as at march etl said the offer will have no minimum acceptance conditions and will be subject to australian foreign investment and u s hart scott rodino anti trust clearances etl chairman allan hawkins said in the statement that the shareholding in monier was a long term investment etl and its feltex international ltd associate have targetted the building products sector as an area of expansion and monier fits well with this aim he added monier chairman bill locke said in a separate statement that the independent directors of monier intend to recommend acceptance of the etl bid in the absence of a higher bid he also said monier will not now proceed with the one for two bonus issue announced with its interim results on march in view of the proposed takeover bids as previously reported the csr offer involves a complex put and call option deal with monier s major shareholder redland plc rdld l which gives redland the choice of accepting the csr offer for its pct stake or moving to pct within six months of the bid closing csr officials have made it clear that they see redland taking the second option resulting in the two companies running monier as a joint venture csr officials have also said they had no intention of raising the company s bid for monier after etl s intervention became public last week reuter" }, { "label": 5, "text": "venezuela tightens foreign exchange restrictions venezuela s central bank has ordered venezuelan banks and exchange houses to cease foreign exchange operations with brokers based outside the country according to a copy of a central bank telex made available to reuters the measure confirmed by a brokerage firm here has effectively cut off all foreign participation in venezuela s volatile currency market the telex issued on may was signed by carlos hernandez delfino manager of the bank s department of international operations the telex said the restriction on business with foreign brokers is in line with an earlier measure prohibiting foreign exchange houses from selling dollars or other foreign currencies to anyone living outside venezuela in recent weeks the venezuelan government has denied rumours that it intends to impose foreign exchange controls to prop up the weakening bolivar but brokers said the central bank s move is seen as a de facto currency control it is definitely a control in the sense that there s no longer complete freedom to operate one broker here said gradually they re imposing restrictions and the direction is towards complete control the broker said the broker who requested anonymity said virtually all his venezuelan customers had stopped doing business with him since the central bank issued the telex and followed it up with telephone calls he said that before the restriction was imposed the volume of his firm s transactions with venezuela was about mln dlrs a day it was a frenetic market it was really quite active he said the broker said he saw no logical explanation for the prohibition because his firm only acted act as an intermediary between venezuelan brokers exchange houses and banks we weren t buying dollars from venezuelans that s ridiculous he said they ve been on a rampage against foreigners the broker noted that two months ago venezuela s central bank quietly announced that banks doing foreign exchange business outside venezuela would have to respect a new pct reserve requirement in february the central bank also prohibited trading in bolivar futures the broker said we used to have a forward market he said for a small currency it was miraculous he said the bolivar which averaged to the u s dollar in would continue to slip from its current range of to because the central bank was rapidly running out of foreign reserves to support the currency on the free market reuter" }, { "label": 4, "text": "tokyo bundesbank s schlesinger sees no reason to lower interest rates" }, { "label": 2, "text": "fujitsu ltd itsu t group year ended march group shr yen vs net billion vs billion current billion vs billion operating billion vs billion sales billion vs billion reuter" }, { "label": 1, "text": "mees newsletter says oman offers oil discounts oman has granted term crude oil customers retroactive discounts from official prices of to cents per barrel on liftings made during february march and april the weekly newsletter middle east economic survey mees said mees said the price adjustments arrived at through negotiations between the omani oil ministry and companies concerned are designed to compensate for the difference between market related prices and the official price of dlrs per barrel adopted by non opec oman since february reuter" }, { "label": 4, "text": "bundesbank sets new repurchase tender the bundesbank set a new tender for a day securities repurchase agreement offering banks liquidity aid at a minimum bid rate of pct a central bank spokesman said banks must make their bids by gmt today and funds allocated will be credited to accounts tomorrow banks must repurchase securities pledged on july reuter" }, { "label": 2, "text": "storehouse reports higher profits in weeks to april share basic p vs p fully diluted p vs p final dividend p vs p making p vs p pretax profits mln stg vs mln turnover mln stg vs mln profit from retail operations mln stg vs mln tax mln stg vs mln profit after tax mln stg vs mln extraordinary items debit mln stg vs debit mln note full name is storehouse plc sthl l reuter" }, { "label": 2, "text": "norcros profits advance in year to march shr p vs p final dividend p vs p making p vs p pretax profit mln stg vs mln turnover mln stg vs mln group operating profit mln stg vs mln share of associates profits mln stg vs mln investment income mln stg vs mln interest payable mln stg vs mln tax mln stg vs mln leaving mln vs minorities debit mln stg vs debit mln extraordinary items credit mln stg vs debit mln operating profits breakdown by class of business building materials manufacture mln stg vs mln distribution mln stg vs mln specialist print and pack mln stg vs mln international mln stg vs mln head office and property mln stg vs mln discontinued sold businesses stg vs mln operating profits geographic breakdown britain mln stg vs mln africa mln stg vs mln australasia mln stg vs stg north america mln stg vs mln note full name is norcros plc ncro l reuter" }, { "label": 0, "text": "stad rotterdam takes stake in swiss owned insurer dutch insurer stad rotterdam anno n v asrn as said from july it will own pct of the shares of europeesche verzekering maatschappij n v a fully owned unit of swiss insurer union rueckversicherungs gesellschaft stad rotterdam chairman lucas van leeuwen told reuters it may raise its stake to a majority interest if the two companies are found to be sufficiently compatible van leeuwen said that due partly to the fact europeesche made losses in and the pct stake was obtained at below the shares intrinsic value he gave no precise sum the europeesche which specialises in travel and recreation insurance had a premium income of mln guilders in stad rotterdam s premium income in was billion guilders making it the fifth largest dutch insurer europeesche made a loss of nine mln guilders in which narrowed to mln guilders in van leeuwen said he said the company was on course for independent recovery and was expected to reduce its losses further in reuter" }, { "label": 0, "text": "duffour igon gives backing to aga takeover bid french industrial gas group duffour et igon has decided to back the takeover bid by swedish industrial gases group aga ab aga st ending a lengthy battle between rival bidders from france spain and west germany duffour et igon chairman jean igon said the board agreed late last night to back the aga bid and advise its shareholders to accept the swedish group s latest offer of francs per share he told reuters the other main bidders were union carbide corp s uk french subsidiary union carbide france and west germany s linde ag ling f aga topped rival bids for the gases distribution group in may by raising its offer to francs from francs this was accepted by spain s carburos metalicos sa which sold aga six pct of duffour et igon s stock and the right of first refusal on the remaining nine pct of stock it holds it also won over the french midi pyrenees development authority which agreed to sell aga its pct stake in duffour et igon under aga s offer shareholders can either accept a cash bid or exchange one share in duffour et igon for one bond of a nominal value of francs with a pct coupon issue by aga france sa the bond issue is guaranteed by the parent aga ab the takeover battle for the toulouse based company which controls eight pct of the french industrial gas distribution market began on april with an offer of francs per share from union carbide france uk aga s offer which puts a price of mln francs on the company closes on june and the results will be announced on july duffour et igon shares were quoted yesterday at francs with no buyers after a series of suspensions during the takeover tussle they traded at francs on january before the first suspension reuter" }, { "label": 5, "text": "poehl looks set for eight more years at bundesbank for currency dealers karl otto poehl is the scourge of speculators for bankers he is the man who has played a key role in shaping the world s financial destiny for the last seven years and for germans he is the guardian of the mark president of the powerful and independent west german central bank the bundesbank poehl is likely to have his contract renewed for another eight years when it expires at the end of this year government officials say index of economic spotlights see page ecra but no official announcement has yet been made raising eyebrows in west germany s business community the ebullient poehl spent seven years in bonn in top ministerial posts under the social democrats now in opposition before he moved to the bundesbank there has been speculation that chancellor helmut kohl would try to replace poehl with a man closer to his own christian democrats but officials noted that poehl has worked closely and successfully with finance minister gerhard stoltenberg since kohl s government took office in poehl the most senior central banker apart from paul volcker of the united states enjoys a strong international reputation which it would take a newcomer years to build up given these circumstances kohl will probably overlook poehl s past as an adviser to former social democrat chancellor willy brandt and top aide to helmut schmidt when he was finance minister bankers said it was schmidt who as chancellor appointed poehl to his present job in in recent months with the mark s strong rise against the dollar poehl has made exchange rates the central concern of the bundesbank s council a highly conservative institution which has doggedly pursued monetary policies to prevent inflation catching hold older germans can remember two bouts of galloping inflation this century but with consumer prices falling for much of and inflation negligible so far this year poehl thinks it is safe to relax the monetary reins a little and concentrate on the dangers to the german economy of a bloated exchange rate i am of the opinion that efforts to stabilise the dollar mark rate have reached a high priority also for the bundesbank because a further massive revaluation of the mark would endanger the economy in west germany he told business journalists in frankfurt recently ute geipel head of research at citibank ag says that poehl s reappointment would guarantee flexible monetary policy poehl s policy has always been a policy which does not focus so rigidly on domestic factors but also on the external economy she said an economist at a german bank who declined to be identified said if poehl is confirmed in his post it will certainly be a plus for the pragmatic course which is not so rigidly oriented towards money supply one of poehl s great struggles recently has been to persuade the united states to stop talking down the dollar for poehl the significance of the february louvre accord was that the united states agreed to join efforts to stabilise currencies the louvre accord was greeted with scepticism by currency dealers who said they would soon put it to the test but in fact the dollar has been relatively stable since the pact this is because the markets know or perhaps because they don t know what the central banks can do poehl says of intervention in currency markets which can quickly turn rates round making a speculator s position worthless poehl was born in and worked as a financial journalist in the s before starting his ministerial career a relaxed sun tanned figure who enjoys cracking jokes over a glass of beer he is hardly a stereotype central banker he is also a keen sportsman who likes to watch football and play golf poehl says currency market intervention cannot substitute for correct economic policies if exchange rates are imbalanced but you can achieve an enormous effect with a small amount if you strike at the right moment he said bundesbank dealers are very professional and skilled they ve burnt the fingers of many people he said and unlike the speculators poehl notes the bundesbank dealers usually make a profit reuter" }, { "label": 2, "text": "de la rue raises annual profits by pct year ended march fin div p making p vs p shr p vs p pretax profit mln stg vs mln net mln vs mln turnover mln vs mln net interest payable mln vs mln profit share of related companies mln vs mln note the de la rue co plc dlar l proposes to offer ordinary shareholders the opportunity to receive their dividends in the form of new shares as an alternative to cash reuter" }, { "label": 6, "text": "kuwait rejects iranian spy boat charges kuwait a target of iranian anger over the emirate s backing for iraq in the gulf war today rejected charges that fishing vessels seized recently by iran were spy boats there are no bases of truth to the contents of the iranian accusation on the nature of the operations of the vessels recently taken into custody by iran these vessels were out fishing the foreign ministry said in a statement it said iranian charge d affaires mohammad baqeri was summoned by the ministry yesterday to confer with foreign undersecretary suleiman majed al shaheen the iranian news agency irna said on sunday iran had seized seven kuwaiti speed boats and detained their crew who confessed to spying for iraq under the cover of fishing it said the boats were intercepted in the khur abdullah waterway which separates kuwait and iraq s faw peninsula at the head of the gulf captured by iran last year the kuwaiti response came as iranian envoys toured gulf arab states saying responsibility for security and stability in the waterway was a regional matter a u s senate team was scheduled today to meet kuwait s crown prince and prime minister sheikh saad al abdulla al sabah and the defence and oil ministers today s foreign ministry statement carried by the kuwait news agency kuna said the recent detention of kuwaiti fishing vessels by iran was not the first tehran in the past had held back a number of vessels kuwait had sought to release through diplomatic contacts it said however kuwait is perplexed that this time the iranian charges are accompanied by accusations that the vessels were undertaking espionage activities it said shaheen condemned the detentions and accusations and asked tehran to free all fishing boats and sailors held by iran the statement said reuter" }, { "label": 1, "text": "saudi arabia will not agree mad oil price rise saudi arabia s oil minister hisham nazer said riyadh would not agree to a cut in oil prices and would not accept a mad increase that would drive consumers away he told al riyadh newspaper saudi arabia follows a balanced petroleum policy it does not approve of a decrease in prices from current levels and it also does not accept a mad increase that would drive consumers away and make them try and find alternative sources for energy opec agreed last december to cut production after world prices hit new lows in they agreed on a pricing system aimed to stabilise the market around dlrs a barrel opec is scheduled to meet in vienna on june where it will review its current oil price and production policy saudi arabia s king fahd said last month that he wanted oil prices to remain stable for the next two years saudi arabia is the architect of the current pricing and production pact which is backed by kuwait and the uae the current pact set a production ceiling for first half of mln bpd and implemented fixed prices based on an dlrs a barrel average reuter" }, { "label": 5, "text": "taiwan curbs inflows of foreign exchange taiwan s central bank announced that as from today the overseas foreign exchange borrowings of local and foreign banks would be frozen at the level they reached at the end of may the central bank s statement added that the measure would be effective until the end of july bankers said the measure is designed to curb the inflow of foreign exchange and slow the growth of money supply they added that the move which sparked a record single day plunge of the local stock market would limit their ability to lend foreign exchange to importers and exporters foreign exchange borrowings by local and foreign banks reached almost billion u s dlrs by the end of april according to official statistics last week the central bank said that from today it would reduce its purchase of forward u s dollars from banks to pct from pct of the value of the contract it said the move was needed because of distortions in the foreign exchange market exporters nervous about the appreciating taiwan dollar have been heavily selling forward u s dollars on the interbank market to avoid exchange rate losses official figures show that forward u s dollar sales in may reached a record of almost six billion u s dlrs against billion in april all taiwan s foreign exchange earnings must be converted into local dollars boosting money supply at a time of booming exports money supply rose a seasonally adjusted pct in the year to end april raising fears of higher inflation in march the central bank clamped tight restrictions on remittances of foreign exchange by companies and individuals to taiwan in a move to curb inflows of speculative money economists and bankers estimate that the rising value of the local dollar has attracted about ten billion u s dlrs of speculative money into taiwan since early last year it has flowed in mainly from hong kong japan and the u s since september the taiwan dollar has risen by about pct against the u s dollar bankers said the government s efforts to stabilise the foreign exchange market were a prelude to lifting all curbs on capital outflows the central bank has said the controls will be dropped by the end of july or early august foreign exchange dealers said today s announcement caused jitters in the market with foreign and local banks making heavy purchases of u s dollars they said the central bank sold about mln u s dlrs taiwan s stock market plunged a record points to close at reuter" }, { "label": 4, "text": "nakasone sumita agree discount rate cut not appropriate now central bank sources" }, { "label": 4, "text": "nakasone sumita agree rate cut not appropriate prime minister yasuhiro nakasone today agreed with bank of japan governor satoshi sumita that a further cut in the discount rate was not appropriate at present central bank sources said they told reuters the two discussed the subject at a routine meeting sumita told nakasone he did not feel a rate cut was appropriate and nakasone expressed his understanding the sources said currency dealers have speculated that japan and west germany might come under pressure at next week s venice summit to cut interest rates to boost their economies nakasone but not sumita is due to attend the summit reuter" }, { "label": 7, "text": "japan concerned at ec trade threats minister japan is disappointed at the recent threats of trade retaliation from the european community ec just as the trade situation between the two is improving japanese trade and industry minister hajime tamura said i am deeply concerned that the ec has moved to take a harsher line toward japan despite this tangible improvement he said in a speech prepared for delivery at the opening of a new centre designed to improve understanding between the two sides last week foreign ministers of the ec nations agreed to impose tariffs on a range of unspecified japanese electrical goods unless tokyo opened its markets more to ec exports tamura referred to a pct rise in japanese imports of ec manufactured goods in the year ended march i feel this is a strong step on the road to balance through expansion while i do not deny the existence of the trade deficit between japan and the ec i believe it should be rectified not by reducing trade through import restrictions or export restraints but by expanding the overall trade tamura said reuter" }, { "label": 0, "text": "glynwed buys gallaher units for around mln stg glynwed international plc glyn l said it had bought all the issued shares of two companies belonging to gallaher ltd a subsidiary of american brands inc amb in a deal worth around mln stg the full names of the companies purchased from gallaher are formatura iniezione polimeri spa genoa and fip u k ltd weybridge consideration for the purchases which will be based on the net asset values per share of the companies has yet to be finalised but some nine mln stg of the total represents debt assumed by glynwed fip is a manufacturer of valves and other pressure pipe fittings in thermoplastics its products are complementary to those of glynwed subsidiaries durapipe u k and philmac the acquisitions appreciably develop and strengthen glynwed s strategic position in the thermoplastic pipework systems market the sale by gallaher reflects a decision to dispose of more peripheral businesses proceeds of the sale will be used in the continuing expansion of the gallaher group glynwed shares were up p to after the announcement gallaher is not quoted on the london stock exchange reuter" }, { "label": 5, "text": "kuwaiti dinar rates firm aid window open interest rates on kuwaiti dinar deposits held firm in scattered trading despite a central bank decision to revive limited funding lines dealers said the central bank which last tuesday shut a daily aid window through which it lent funds of up to one year reopened the facility for three month money which was available at seven pct they said it offered one month funds at seven pct through swap facilities dealers said today s central bank action combined with sales of dollars by some banks helped ease a recent credit squeeze engineered by the monetary authority to stem a rush for the u s currency arising from attractive u s interest rates and gulf tension dealers said however as one dealer noted the market is still unsettled overnight funds bid at pct at the outset of business traded up to pct before easing as liquidity dragged offers down to pct by the close tomorrow next for which buy sell quotes started at pct ended at eight spot next was indicated at seven after opening bids of dealers quoted one week at eight seven against an early one month rates were at the same level after trade at eight then dealers quoted three months at seven pct and six month to one year funds at seven six pct they reported offshore offers of overnight at tomorrow next at eight and one year at pct towards the close the central bank fixed its dinar exchange rate steady at to the dollar against yesterday s the spot dinar was reuter" }, { "label": 0, "text": "boeing ba starts argosystems argi o bid boeing co said it has started the dlr per share tender offer for all shares of argosystems inc that it announced yesterday morning in a newspaper advertisement the company said the offer withdrawal rights and proration deadline all expire june unless extended the offer is not conditioned on receipt of any minimum number of shares boeing said if at least pct of argosystems shares are tendered it said it will buy all shares but if less than pct are tendered it said it plans to buy only pct in the offer boeing said if less than pct of argosystems shares are tendered but the purchase of all shares tendered along with the exercise of options it holds would give it over pct of argosystems boeing may buy all shares tendered argosystems has granted boeing an option to buy up to new shares or a pct interest at dlrs each and shareholders have granted boeing an option to purchase up to shares at the same price or about pct of those now outstanding without taking the company option into consideration a merger at the tender price that has been approved by the argosystems board is to follow the offer reuter" }, { "label": 0, "text": "dumez has united westburne uwi to shares dumez investments inc said it is accepting and paying for shares of united westburne industries ltd in response to its dlr per share tender offer and it has extended the offer until june dumez pct owned by dumez sa dump pa and pct by unicorp canada corp unia to said the shares represent pct of those not controlled by westburne international ltd which dumez previously acquired in a tender reuter" }, { "label": 0, "text": "italy s agip petroli buys stake in u s company state oil firm agip petroli spa said it has acquired a pct stake in steuart petroleum co an independent u s oil products company financial terms were not disclosed agip petroli a subsidiary of state energy concern ente nazionali idrocarburi said in a statement that the remaining pct of the u s firm is owned by steuart investment co a holding company that also operates in the sectors of transportation hotels and insurance the italian firm said steuart petroleum operates primarily on the east coast reuter" }, { "label": 0, "text": "carolco crc may bid for lieberman lman o lieberman enterprises inc said carolco pictures inc is negotiating for the acquisition of the pct of lieberman shares held by the families of chairman david lieberman and president harold okinow at dlrs each and if the deal were concluded public shareholders would be offered the same price for their shares lieberman said the carolco bid to its public shareholders would be in cash or shareholders could be offered securities as an alternative the offer would occur within about days after the closing of the sale of the initial pct stake the company said the company said a final agreement has not yet been reached on the first transaction but negotiations are expected to be concluded in early june present management is expected to continue to operate lieberman the company said lieberman distributes prerecorded music video movies and other products reuter" }, { "label": 1, "text": "saudi arabia opposes drastic change in oil price saudi arabia s oil minister hisham nazer said riyadh would not agree to a cut in oil prices and would not accept a mad increase that would drive consumers away he told al riyadh newspaper saudi arabia follows a balanced petroleum policy it does not approve of a decrease in prices from current levels and it also does not accept a mad increase that would drive consumers away and make them try and find alternative sources for energy opec agreed last december to cut production after world prices hit new lows in they agreed on a pricing system aimed to stabilize the market around dlrs a barrel opec is scheduled to meet in vienna on june where it will review its current oil price and production policy saudi arabia s king fahd said last month that he wanted oil prices to remain stable for the next two years saudi arabia is the architect of the current pricing and production pact which is backed by kuwait and the uae the current pact set a production ceiling for first half of mln bpd and implemented fixed prices based on an dlrs a barrel average reuter" }, { "label": 2, "text": "hanson trust shows sharply higher half year profit six months ended march share p vs p diluted interim dividend p vs p pre tax profit mln stg vs mln net profit mln vs mln sales billion vs billion operating profit mln vs mln interest and other income less central expenses credit mln vs debit six mln company s full name is hanson trust plc hnsn l u k operating profit by sector consumer goods mln stg vs mln building products mln vs mln industrial mln vs same food mln vs nil u s sectors consumer goods mln stg vs mln building products mln vs mln food seven mln vs two mln businesses owned in and sold during nil vs nine mln reuter" }, { "label": 2, "text": "harnischfeger industries inc hph nd qtr net april end oper shr cts vs cts oper net vs sales mln vs mln orders mln vs mln st half oper shr cts vs cts oper net vs mln sales mln vs mln orders mln vs mln backlog mln vs mln note prior year net excludes losses from discontinued operations of mln dlrs in quarter and mln dlrs in half net excludes tax credit dlrs vs credit reversal dlrs in quarter credit dlrs vs nil half results include syscom corp from december purchase and beloit corp from march purchase orders exclude mln dlrs acquired with syscon acquisition backlog at january mln dlrs average shares mln vs mln in quarter and mln vs mln in half income tax provisions dlrs vs dlrs in quarter and dlrs vs dlrs in half current quarter tax rate of pct benefited from wisconsin department of revenue decision the company said reuter" }, { "label": 2, "text": "seal inc sinc o nd qtr april net shr profit cts vs loss six cts net profit vs loss sales vs st half shr profit cts vs profit cts net profit vs profit sales mln vs avg shrs vs reuter" }, { "label": 0, "text": "eni unit agip petroli buys stake in u s company a subsidiary of state energy concern ente nazionali idrocarburi entn mi eni said it has acquired a pct stake in steuart petroleum co an independent u s oil products company financial terms were not disclosed agip petroli spa said in a statement that the remaining pct of the u s firm is owned by steuart investment co a holding company which also has interests transportation hotels and insurance the italian firm said steuart petroleum operates primarily on the east coast of the u s reuter" }, { "label": 2, "text": "del e webb investment properties inc dwpa o st qtr shr seven cts vs nine cts net vs revs vs reuter" }, { "label": 0, "text": "basix corp bas to sell unit to cubic cub basix corp said it has agreed in principle to sell the stock of its automatic toll systems inc subsidiary to cubic corp for about mln dlrs the company said it would retain automatic toll assets worth about nine mln dlrs to dispose of over time the company said completion of the transaction is subject to approval by both boards and basix s banks and the expiration of the hart scott rodino waiting period reuter" }, { "label": 2, "text": "oncor inc oncr o st qtr loss shr loss cts vs loss five cts net loss vs loss sales vs reuter" }, { "label": 0, "text": "resdel rsdl o san bar sbar o in merger deal resdel industries inc said it has agreed to acquire san bar corp in a share for share exchange after san bar distributes all shgares of its break free corp subsidiary to san bar shareholders on a share for share basis the company said also before the merger san bar would barry k hallamore and lloyd g hallamore san bar s director of corporate development dlrs and dlrs respectviely under agreements entered into in october reuter" }, { "label": 6, "text": "colombo to defend waters india readies flotilla sri lanka today ordered its armed forces to defend the island s territorial waters as india prepared to send a flotilla with relief supplies that colombo says it does not want for the tamils in the jaffna peninsula the sudden crisis between sri lanka and its giant neighbour deepened as prime minister ranasinghe premadasa told parliament we have our territorial limits and nobody can be allowed to trespass there president junius jayewardene has ordered the army navy and air force to protect the island and its territorial waters premadasa said to a round of applause from the house in new delhi an indian spokesman said the plan to send a flotilla of small unarmed boats with red cross supplies to jaffna tomorrow would go ahead despite colombo s objections the confrontation was the latest result of the long and bitter conflict between sri lanka s buddhist sinhalese majority and the hindu tamil minority which has strong ethnic and cultural links with india s mln tamils reuter" }, { "label": 5, "text": "lawson says louvre currency accord satisfactory the louvre agreement by the group of seven finance ministers and central bankers to stabilise currencies has worked well and needs no fundamental strengthening at the economic summit in venice on june u k chancellor of the exchequer nigel lawson said previewing the summit which he expected would not produce any major new economic initiatives lawson told reporters work remained to be done on improving the conditions for lasting world economic growth side measures to boost growth he said i think it is possible that there may be scope for a further reduction in interest rates in germany he added but stressed that he had had no indication that such a move was likely he made no mention of japanese interest rates lawson said the u s should embark on a gradual reduction of its fiscal deficits over the next two or three years he said the february louvre accord had produced satisfactory exchange rate stability in part thanks to heavy coordinated intervention of group of seven central banks and he was content with sterling s exchange rate pointing to the record billion stg rise in u k may currency reserves announced today he said we have been playing a very full part ourselves we have been intervening to a very much greater extent than we had done hitherto lawson said there was a risk that the louvre agreement may falter if member states did not implement the macro economic commitments underlying the accord certainly it would be more difficult to maintain exchange rate stability if countries are seen not to implement their commitments in paris in this respect he said the u s budget deficit was very important noting the billion yen economic package announced by japanese prime minister yasuhiro nakasone last week lawson said what is really needed in japan is an increase in merchandise imports supply side measures are critical there is a specific range of consumer and agricultural goods where they have an extremely restrictive regime which is wholly unjustified he said lawson doubted that tokyo s partners would indulge in japan bashing at the summit especially after the economic stimulation package and the announcement of nakasone s plans to increase japanese development aid over the next three years japan s more flexible stance on tokyo stock exchange membership would also help deflect criticism he said he said he thought west germany would instead come under pressure at the summit to adopt similar stimulation measures to jack up faltering economic growth in this respect lawson said he hoped bonn would bring forward to january part of its agreed package of tax cuts scheduled for he also called on bonn to push ahead with the privatisation of german national industries on debt lawson said he expected a three point british plan to alleviate the burden of the poorest sub saharan countries to make progress in venice the plan involving concessional rescheduling of sovereign debt in the paris club was first proposed at the imf and world bank meetings in washington earlier this year lawson said he would seek to consolidate political backing for the plan at the venice summit and hoped the programme would be finalised at the autumn meetings of the imf and world bank he welcomed the recent moves by citicorp and chase manhattan to increase sharply their third world debt provisions first it is a blow for realism second because the market response has shown that banks have much less to fear from this sort of move than they felt before citicorp he said u k banks should follow bank of england recommendations strengthening their balance sheets and making more provisions they have done it to some extent they need to do it more lawson said adding it was up to the banks themselves to determine the appropriate size of provisions he also said the dismantling of farm subsidies would be discussed at the summit there is a consensus which we have to push further reuter" }, { "label": 0, "text": "centel cnt completes sale centel corp said it completed the sale of its water properties serving customers in four southwestern kansas communities to central kansas utility co of columbia mo terms were not disclosed reuter" }, { "label": 0, "text": "csr says it is proceeding with offer for monier csr ltd csra s intends to proceed with its planned bid for building materials group monier ltd mnra s despite the counter bid from equiticorp tasman ltd etl csr executive director gene herbert told reuters etl said today it would offer dlrs each for monier s issued capital of mln shares plus a share alternative this compares with a dlr cash element in csr s proposed bid the proposed offer by etl controlled by new zealand entrepreneur allan hawkins came after it built up a pct stake in monier in a mln dlr share raid in recent days herbert said britain s redland plc rdld l which holds just under pct of monier still supported the csr bid and had told csr it is not a seller he said redland wanted to maintain and build on its operations in australia and the u s where monier has built up a strong presence notably in roofing tile manufacture the csr offer contains a put and call option agreement with redland this enables redland to accept the csr bid within six months of its close or to lift its stake to pct in the same period and to run monier as a joint venture with csr csr has said that redland will take up the second option etl has declined to say why it intervened in monier beyond describing it as a long term investment etl would bring no synergies to monier unlike csr which is a leader in building materials herbert said we fit better with monier he said csr has said that it will concentrate development on its core businesses of sugar and building materials after its moves into energy several years ago asked what he thought etl s bid sought to achieve herbert said i m puzzled as to what hawkins strategy is one has to wonder if monier is the main target herbert said csr had no plans to raise its bid and said a higher price would be difficult to justify on fundamentals monier was trading at dlrs when csr launched its original bid of or times earnings in late april the shares closed at dlrs today down cents on yesterday after etl withdrew on reaching the top foreign shareholding level permitted without foreign investment review board firb approval its bid is subject to firb approval herbert also said that institutions which are more likely to accept a share alternative than cash would have to judge the respective values of etl and csr shares etl is the third group to become involved in a possible acquisition of monier this year redland held discussions on a possible takeover before the csr bid emerged but the negotiations foundered on the price share analysts said that for this reason they did not think etl s intervention would flush out a full redland bid although monier s ultimate fate rests in its hands redland is still in the driving seat said tim cohen of ord minnett ltd adding that redland would be happier having csr as a partner in running monier than etl monier s independent directors have recommended etl s bid reuter" }, { "label": 2, "text": "comp u card international inc cucd o st qtr periods ended april shr cts vs cts net vs revs mln vs mln avg shrs mln vs mln note net includes gain of dlrs or seven cts a share from tax loss carryforwards reuter" }, { "label": 0, "text": "montrose holding to acquire virginia federal virginia federal savings and loan association said it has signed a definitive agreement to be acquired by montrose holding co an affiliate of montrose capital corp for mln dlrs virginia federal and montrose capital said the agreement provides for the conversion of virginia federal from a mutual to a stock association and the purchase of pct of its stock for mln dlrs by montrose according to the companies virginia federal has over mln dlrs in assets and operates branches in virginia virginia federal said the proceeds would enable it to provide increased mortgage and lending services and enable the company to compete more effectively in the virginia market the companies said the agreement is subject to federal home loan bank board approval expected later this year additionally the companies said the converted association would be managed by a board of directors consisting of the six current virginia federal directors and two representatives of montrose holding the senior management of virginia federal was expected to continue in office after the conversion the companies said reuter" }, { "label": 4, "text": "bank of france leaves intervention rate unchanged at pct official" }, { "label": 0, "text": "acme precision acl buyout bid dropped acme precision products inc said a management group has withdrawn a six dlr per share leveraged buyout offer acme said the management group dropped its bid due to continued weakness in the machine tool industry and in acme precision s operating results and to the inability of the management group to obtain modifications to terms of its financing commitment it said the effect of these factors led the management group to conclude that the six dlr per share price was excessive under current conditions reuter" }, { "label": 2, "text": "pep boys manny moe and jack inc pby st qtr may two net shr cts vs eight cts net vs sales mln vs mln note share adjusted for three for one stock split payable july to holders of record july one reuter" }, { "label": 0, "text": "elders happy to leave carling shares outstanding elders ixl ltd elxa s says it is happy to leave preferences shares of brewer carling o keefe ltd outstanding after an undisclosed bidder made an offer to acquire all of carling s outstanding preferred stock elders which owns pct of carling s outstanding common shares previously proposed to redeem the carling series a preferred shares at canadian dlrs each and redeem the series b preferreds at dlrs a share the series a and b preferred shares carry no vote while dividends are paid elders says neither it nor carling knows the identity of the bidder for carling s preferred shares on may the bidder offered to acquire the carling preferred for dlrs for each series a and dlrs for each series b share elders said leaving the carling preferred shares outstanding will not affect ongoing plans of the company series b preferred shareholders had previously rejected carling s proposal to redeem the shares and a series a preferred shareholders meeting was adjourned to june reuter" }, { "label": 0, "text": "jones and vining jnsv o starts bid for shares jones and vining inc said it has started a tender offer for all of its own shares at five dlrs per share the company said it will hold a special meeting on july for a vote on approval of a merger at the tender price it said the price to be paid in the tender and merger could be reduced by any fees and expenses the court may award to counsel for the plaintiffs in the class action suit brought against it in delaware chancery court by ronda inc the plaintfiffs counsel are seeking fees of up to cts per share jones and vining said the company said the court has scheduled a hearing on the proposed settlement of the suit for july eight the company said the start of the tender offer and the calling of the special meeting are conditions of the settlement and completion of the tender and merger are conditioned on final approval of the settlement reuter" }, { "label": 0, "text": "healthsouth hsrc o makes acquisition healthsouth rehabilitation corp said it has acquired pine island sports medicine center in fort lauderdale fla and will incorporate the facility into its healthsouth rehabilitation center of fort lauderdale which is now under construction and should be in operation by mid summer terms were not disclosed reuter" }, { "label": 0, "text": "banc one one makes indiana acquisition banc one corp said it has completed the acquisition of first national bank of bloomington ind which has assets of mln dlrs reuter" }, { "label": 0, "text": "orion broadcast obgi o buys ford f unit orion broadcast group inc said its majority owned orion financial services corp subsidiary has agreed to purchase fn realty services inc from ford motor co for to dlrs in cash and notes it said closing is expected within days after receipt of regulatory approvals fn provides loan collection accounting data processing and administrative services to the real estate industry reuter" }, { "label": 2, "text": "phh group inc phh th qtr april net shr cts vs cts net mln vs mln revs mln vs mln mths shr dlrs vs dlrs net mln vs mln revs billion vs billion note prior year restated to reflect results from current year acquisitions reuter" }, { "label": 5, "text": "lawson calls intervention proof of stability goal the scale of foreign exchange intervention the bank of england has carried out recently is clear proof of britain s determination to stabilise exchange rates as agreed between the group of seven industrialised countries in paris in february chancellor of the exchequer nigel lawson said saying he was content with sterling s current value lawson told reporters he wanted to maintain the exchange rate stability we have all signed up for he declined to say if he favoured a rise or a fall from present sterling levels may currency reserves out today showed a record billion stg rise pointing to massive currency intervention in april reserves rose a hefty billion stg pointing to the reserves data lawson said we have been playing a very full part ourselves in meeting our commitments toward exchange rate stability as agreed in paris we wish to see it stability continuing he added asked which techniques were available to preserve stability lawson said both central bank intervention and interest rate changes could be used to tackle the market pressures there are from time to time interest rate stability is not an objective in that sense rates have to be moved up and down at times he added lawson said he expected intervention to be sterilised by draining excess sterling liquidity from the market through new issues of government securities and foreign currency sales when the market allowed this would limit the inflationary impact of intervention he said sterilisation will be dictated by market tactics not necessarily in the month in which intervention occurs lawson said i am confident that we can sterilise on this scale reuter" }, { "label": 2, "text": "gulf and western inc gw nd qtr april net shr cts vs cts net mln vs mln revs mln vs mln six mths shr dlrs vs dlrs net mln vs mln revs billion vs billion reuter" }, { "label": 7, "text": "turkish trade deficit widens in april turkey s trade deficit widened to mln dlrs in april from mln in march and mln in april the state statistics institute said the deficit for the first quarter of widened to billion dlrs from billion a year earlier april exports totalled mln dlrs compared with imports of billion exports in the first four months were worth billion dlrs compared with imports of billion reuter" }, { "label": 2, "text": "united financial banking ufbc o st qtr net shr four cts vs cts net vs note full name is united financial banking cos inc net includes loan loss provision nil vs dlrs reuter" }, { "label": 2, "text": "brown group inc bg st qtr may net shr cts vs cts net vs sales mln vs mln avg shrs vs reuter" }, { "label": 1, "text": "u s energy secretary sees higher oil prices energy secretary donald hodel said he expects oil prices to rise significantly by the year probably to around dlrs a barrel in current dollars i do anticipate a significant increase by thirty three dlrs a barrel is not unreasonable hodel told the senate energy committee hodel said the loss of some domestic oil production through the shutdown of stripper barrels a day or less wells because of low prices was probably permanent he said he was also concerned by the decline in domestic oil exploration hodel urged congress to approve oil exploration in section of the arctic national wildlife refuge in alaska he said geologic condtions in the area were favorable for the discovery of oil fields equal to those in nearby prudhoe bay reuter" }, { "label": 2, "text": "northwest teleproductions nwtl o th qtr net shr cts vs cts net vs sales vs year shr cts vs cts net vs sales mln vs reuter" }, { "label": 0, "text": "judge to decide burlington bur in several days u s district court judge eugene a gordon said he will decide in the next few days whether to grant burlington industries inc s request to stop a takeover by samjens acquisition corp i do not know how i come down on this preliminary injunction gordon said after listening to arguments by attorneys for days it s been a long time since i was deluged with as much information as i have been i have to consider what s been presented and issue an opinion on this both sides cannot be winners he said burlington requested the injunction to stop a takeover effort by samjens claiming the partnership used illegally obtained confidential information about the company to make its offer it also alleges there would be anti trust violations if samjens formed by asher edelman and dominion textiles inc of canada were to succeed samjens last week topped a dlr per share offer for burlington from morgan stanley group ms by one dlr per share morgan stanley made its billion dlr bid after samjens bid dlrs per share for burlington burlington lawyers told the court if the injunction is not granted samjens would win control of burlington a samjens lawyer argued that if the judge granted the injunction it would kill the offer jay greenfield an attorney for samjens said the partnership would suffer irreparable harm if the injunction were granted there s only one burlington he said if we cannot get that then no amount of money can compensate us greenfield also said samjens could sell its holdings in burlington for mln dlrs we don t want that we re not in this for the money he said irving nathan a burlington lawyer reiterated that information provided by james ammeen a former burlington executive was crucial to dominion s decision to attempt o takeover of burlington dominion relied on the information provided by the insider jim ammeen nathan said an attorney for ammeen who is named as a defendant asked the court to dismiss the lawsuit against his client the judge said he would not rule on the request today reuter" }, { "label": 0, "text": "allegis aeg to sell canadian hotels allegis corp said it has created a limited partnership to sell selected hotels in canada to the public it said the offering is expected to raise in excess of mln canadian dlrs and will be completed by the end of september the limited partnership will be similar to the westin hotels limited partnership completed last year when allegis sold westin hotels in san francisco and chicago allegis reported a pretax gain of mln dlrs as a result of that partnership an allegis spokesman said the offerings have been in planning stages for a long time and are unrelated to recent corporate developments such as the firm s recapitalization plan and a threatened takeover by an investor group lead by coniston partners and the pilots of its united airlines unit the spokesman said the company has not yet identified which of its canadian hotels will be offered for sale allegis has pct ownership in westin hotels in vancouver calgary ottawa and toronto and pct interest in hilton international hotels in toronto and montreal it owns pct of the westin in edmonton richard ferris chairman of allegis said in a statement the hotel limited partnerships allow the company to convert unrecognized asset appreciation into cash as with the proceeds from the earlier limited partnership the money will be used for general corporate needs the spokesman said merrill lynch capital markets and wood gundy will be lead underwriters for to the public offering the limited partnership will be offered outside the u s allegis said reuter" }, { "label": 0, "text": "raycomm transworld racm o to make acquisition raycomm transworld industries inc said it has agreed in principle subject to board approvals to acquire spiridellis consulting group inc a privately held computer services consulting firm for a number of common shares to be determined based on pretax earnings of spiridellis over a five year period the company said it will gaurantee that almost all of the issued shares will attain price levels ranging from five to nine dlrs each for two years after their issuance it said spiridellis had revenues of dlrs in calendar reuter" }, { "label": 0, "text": "m mmm acquires control data cda unit minnesota mining and manufacturing said it acquired a computerized hospital information systems business from control data corp terms were not disclosed the business which has employees and supplies computers and software for hospital information systems will be integrated into m s hospital software business control data said the divestiture was part of its strategy to focus on narrower markets reuter" }, { "label": 1, "text": "lukman sees stable oil price for next couple years the current crude oil price of between and dlrs a barrel will remain stable over the next couple of years rising only one to two dlrs a barrel per annum to keep up with inflation opec president rilwanu lukman said lukman who was speaking during talks with swedish trade officials said the stable price depended upon output restraint by both opec and non opec oil producers swedish government officials said they said lukman who is also nigerian oil minister made the remarks whilst talking about the connection between third world debt and industrialised nations crude oil output controls did not necessarily mean higher energy bills for the world s industrial nations lukman said although very low oil prices such as those seen around the beginning of the year may appear beneficial for the industrial countries that depend on imported energy they would only lead to wastage and overdependence on the fuel in the long term he said this in turn would bring a swing back to extremely high prices he added sweden heavily dependent on imported oil suffered a major crisis in the mid s when oil prices spiralled reuter" }, { "label": 2, "text": "royal bank of canada ry to nd qtr april net shr basic cts vs dlrs shr diluted cts vs cts net vs six mths shr basic dlrs vs dlrs shr diluted dlrs vs dlrs net vs loans billion vs billion deposits billion vs billion assets billion vs billion avg shrs mln vs mln reuter" }, { "label": 0, "text": "century ccc o to buy to puerto rican co century communications corp said it had entered into an agreement to acquire all the assets of community cable vision of puerto rico associates and its associated companies for about mln dlrs century said it anticipates that ml media partners lp which jointly owns with century a company called cable television co of greater san juan will join in acquisition and management of community cable century said community cable is located in san juan puerto rico reuter" }, { "label": 7, "text": "u s weighs lifting japanese trade curbs the white house has completed a new review of japanese semiconductor trading practices but has not yet decided whether trade sanctions levied against japan last april should be lifted u s officials said they said the president s economic policy council looked at japan s adherence to the u s japanese semiconductor pact yesterday and that an announcement may be made shortly but there was no hint what the announcement might be officials have said the pct tariffs on mln dlrs of japanese exports could be modified if japan was found to be honoring a portion of its semiconductor pact but they also noted that the white house has said it was unlikely the tariffs would be lifted before the meeting of the world s seven major economic powers in venice on june the officials added that while the curbs complicated u s japanese economic cooperation they did serve to blunt congressional criticism that the reagan administrtation was not taking tough actions to reduce he u s trade deficit reagan imposed the sanctions on april in retaliation for japan s failure to honor commitments to end dumping semiconductors in world markets at less than production costs and to open its own market to u s goods the sanctions were levied on certain japanese television sets personal computers and hand held power tools reagan in imposing the curbs said they would be lifted as soon as there was evidence of a pattern that japan was adhering to the pact reuter" }, { "label": 4, "text": "u s house speaker wright concerned of interest rate rise under greenspan" }, { "label": 1, "text": "energy secretary sees higher oil prices energy secretary donald hodel said he expects oil prices to rise significantly by the year probably to around dlrs a barrel in current dollars i do anticipate a significant increase by thirty three dlrs a barrel is not unreasonable hodel told the senate energy committee hodel said the loss of some domestic oil production through the shutdown of stripper barrels a day or less wells because of low prices was probably permanent he said he was also concerned by the decline in domestic oil exploration hodel urged congress to approve oil exploration in section of the arctic national wildlife refuge in alaska he said geologic condtions in the area were favorable for the discovery of oil fields equal to those in nearby prudhoe bay the area could contain potentially recoverable oil resources of more than billion barrels an amount nearly equal to the prudhoe bay oil field which currently provides almost one fifth of u s domestic production hodel said he said production from the new section could begin about the time prudhoe bay production begins to decline in without endangering caribou or other wildlife in the area reuter" }, { "label": 0, "text": "stewart stew o sells plant to sara lee sle stewart sandwiches inc said it has sold its coffee roasting plant to sara lee corp s superior coffee and foods subsidiary for undisclosed terms the company said superior will become the exclusive packer of squire labeled coffee products which are marketed by stewart and stewart will provide equipment service and distribution suppoort for some superior coffee accounts reuter" }, { "label": 2, "text": "aep industries inc aepi o nd qtr april shr cts vs cts net vs sales mln vs mln avg shrs vs st half shr cts vs cts net vs sales mln vs mln avg shrs vs note current year net both periods includes nonrecurring gain dlrs reuter" }, { "label": 0, "text": "ncnb ncb to merge with centrabank ncnb corp said the board of governors of the federal reserve system approved its application to merge with centrabank inc of baltimore expected to be completed july the company said the board s approval included the dismissal of a protest by the baltimore based maryland alliance for responsible investing against ncnb s performance under the community reinvestment act the company said maryland alliance wanted the merger blocked on the grounds that ncnb inadequately served the credit and financial needs of low income and minority communities in its markets the company said it denied the claim reuter" }, { "label": 0, "text": "spectra physics spy mulls sale restructure spectra physics inc said it is considering the possibility of recapitalizing restructuring or seeking a buyer for the company following its rejection of an unsolicitied dlr a share bid from ciba geigy corp in a filing with the securities and exchange commission the san jose calif gas lasers and accessories company also said its board sunday agreed to a plan that gives top executives bonuses ranging from to pct of their base salary if they stay with the company through august in rejecting the takeover proposal by the u s subsidiary of swiss based ciba geigy ag the company said it was unfair the spectra physics board voted unanimously with two ciba geigy representatives not participating to reject the swiss based chemical and pharmaceutical company s takeover bid citing an opinion from its financial advsior morgan stanley and co inc that it is inadequate and unfair from a financial point of view to the holders of shares the company said the board also authorized a special committee and morgan stanley to vigorously investigate pursue and authorize any alternatives which would maximize the value of shareholders investment in the company the company said among the alternatives the special committee will consider are a sale of the company to a third party for more than dlrs a share a recapitalization or restructuring including self tender offers and or asset dispositions through the use of dividends spectra physics said the retention plan for the top officers will pay an average bonus percentage of pct of salary it said spectra physics said its board approved the plan in order to encourage key operating personnel to remain with the company during the period of turmoil and uncertainty engendered by the ciba geigy offer under the plan the executives would be entitled to their cash bonuses if they stay with the company through august but could receive them earlier if they are fired for reasons other than gross and willful misconduct or if they leave the company because their salaries have been sharply cut spectra physics also said it filed suit against ciba geigy yesterday in u s district court in wilmington del charging it with making a takeover bid that was false and misleading in violation of securities law and with violating the intent of july standstill agreement spectra physics said ciba geigy indicated at the time of the standstill agreement that it would not make an unsolicited takeover proposal for the company and that the intent of the agreement was that ciba geigy would not acquire more than pct of the company unless there was another takeover threat ciba geigy was pct of spectra physics and reliance group holdings rel which is controlled by new york investor saul steinberg controls pct spectra physics said the agreement prevents ciba geigy from raising its stake beyond pct through jan unless another person get more than pct of its voting power reuter" }, { "label": 0, "text": "atlantic richfield arc unit buys technology atlantic richfield co said it has acquired exclusive worldwide rights to the methyl methacrylate technology of texas eastern corp s halcon sd group affiliate for undisclosed terms the company said the technology will allow it to introduce a cleaner and more efficient way of making methyl methacrylate a liquid monomer used to make resins for acrylic sheet coatings molded parts and products and plastic impact modifiers arco said it is reviewing options for commercialization of the technology reuter" }, { "label": 7, "text": "shultz welcomes tokyo economic package u s secretary of state george shultz said the billion yen economic package announced by tokyo last week went further than the u s had expected but he said the u s would not lift the selective economic sanctions it imposed on japanese imports in april until tokyo changed its sales policies concerning computer microchips speaking in a televised news conference linking several european capitals shultz said it was heartening that the japanese had confronted the problem of stimulating domestic and global demand there is an even greater amount of stimulus than was originally thought said shultz speaking from washington it is a lot more than nothing it is more than was talked about when prime minister yasuhiro nakasone was here it involves a major reduction in tax rates and we believe that getting the tax burden down is one way of stimulating the economy he added but asked by japanese reporters also linked into the news conference whether the positive reaction meant the u s might decide at next week s venice summit to lift its sanctions on some japanese electronic goods shultz replied these sanctions were undertaken on the basis of an agreement that had been reached between the united states and japan on various sale practices and prices relating to the chip market they will be lifted as the facts of change by japan to the agreement that it made become evident he said u s officials had only been able to monitor the situation for a month and that it was impossible to determine a trend on only one month s data the u s imposed pct import duties on personal computers colour televisions and power tools alleging that japan had violated last september s bilateral agreement by selling computer chips at below fair market value shultz said west germany and other nations would also do well to look at what they could do to stimulate demand asked whether the u s could reasonably ask its allies to take action to stimulate the world economy without a bold american initiative to reduce the size of the federal budget deficit shultz said moves were already underway to tackle the problem he said by the end of the current fiscal year the deficit would probably be reduced by around billion dlrs against last year and that the budget being worked on this year would contain a major reduction reuter" }, { "label": 0, "text": "champion home chb sells two properties champion home builders inc said it sold the commerce meadows site manufactured housing rental community in commerce township michigan for a pre tax gain of about dlrs and the heron cay site adult community in vero beach florida for a nominal pre tax gain the company said the sales proceeds will be partly used to reduce debt it said it is shifting its focus away from the development of communities requiring significant equity and having lengthy projected life cycles the company also said along with local landowners and investors it will acquire acre tract northtowne meadows in the toledo ohio area for development into home sites and three acres of commercial land terms of the transactions and other parties involved were not disclosed reuter" }, { "label": 2, "text": "burlington coat factory bcf nd qtr net quarter ended may shr cts vs cts net vs sales mln vs mln six mths shr dlrs vs dlrs net mln vs mln sales mln vs mln note full name is burlington coat factory warehouse corp reuter" }, { "label": 2, "text": "cml group inc cmli o rd qtr net qtr ended may shr cts vs cts net vs revs mln vs mln avg shrs vs nine mths shr dlrs vs cts net vs revs mln vs mln avg shrs vs reuter" }, { "label": 0, "text": "ball corp bll completes acquisition of verac ball corp said it completed the acquisition of privately held verac inc terms were not disclosed the company said the san diego based defense systems and software development company had sales of about mln dlrs in and will operate as part of ball s technical products group reuter" }, { "label": 2, "text": "nodaway valley co nvco o st qtr net qtr ended april shr seven cts vs cts net vs revs vs reuter" }, { "label": 6, "text": "need for bigger allied force in gulf played down secretary of state george shultz said today that a boost in allied forces in the mideast gulf was not vital to protect shipping against attack but that possible allied contributions should be examined asked if he saw the need for a greater military presence by the allies in the gulf shultz told reporters not necessarily particularly so but he said an adequate force was needed to deter attack and noted that the british and the french as well as the united states maintained naval contingents there we have to look at things that others might do he said reuter" }, { "label": 2, "text": "gamma biologicals inc gama o th qtr march shr profit four cts vs loss cts net profit vs loss sales vs year shr loss cts vs loss cts net loss vs loss sales mln vs mln reuter" }, { "label": 2, "text": "london house inc lond o year april net shr cts vs cts net vs revs vs avg shrs mln vs mln reuter" }, { "label": 0, "text": "group has pct of distributed logic dlog o an investor group led by technology growth fund ltd an aspen colo investment firm said it has acquired shares of distributed logic corp or pct of the total and may try to influence the company in a filing with the securities and exchange commission the group which also includes individual investors and a non profit foundation said it bought the stake for dlrs as an investment in the anaheim calif company but it also said it is investigating the possibility of seeking to influence the composition of the management of the company and may increase its stake reuter" }, { "label": 1, "text": "major u s pipeline may be closed several days the operator of a major u s crude oil pipeline shutdown because of flood damage said it may be several days before repairs are made and the system is functioning again dan stevens manager of public and government affairs at texaco inc tx operator of the pipeline through its subsidiary texaco pipeline co said the company hopes repairs will begin in about five days and expects it to take several more days to complete at this point we are lining up what we know we need to get the job done stevens said adding that the timing for repairs will depend on the damage to the pipeline which is difficult to assess because of flooding on the red river the pipeline was shipping roughly barrels of crude oil per day or about pct of its capacity during the days preceding its shutdown on saturday stevens said the pipeline was shut down from cushing okla to witchita falls kan on saturday due to an undetermined leak at the red river crossing near the oklahoma texas border because of severe rains a spokesman for texaco said stevens said it was reasonable to suggest the pipeline could operate at full capacity when it reopens in order to make up for the shortfull but cautioned they will talk with customers to determine their requirements oil analysts and traders said they were not sure if the shutdown will continue to raise u s oil prices monday after texaco confirmed that the pipeline had been closed west texas intermediate crude in the spot market and on new york mercantile exchange s energy futures complex rose cts a barrel stevens said it was reasonable to suggest the pipeline could operate at full capacity when it reopens in order to make up for the shortfull but cautioned they will talk with customers to determine their requirements oil analysts and traders said they were not sure if the shutdown will continue to raise u s oil prices monday after texaco confirmed that the pipeline had been closed west texas intermediate crude in the spot market and on new york mercantile exchange s energy futures complex rose cts a barrel reuter" }, { "label": 0, "text": "neti technologies netfc o sells subsidiary neti technologies inc said it has sold for over four mln dlrs u s in cash notes and the assumption of liabilities its huron leasing inc subsidiary to a group of investors headed by a former huron executive the company said the transaction will yield about two mln dlrs in cash huron sells leases and services computer hardware the transaction is subject to approval by the montreal and vancouver stock exchange and the arrangement of financing by june reuter" }, { "label": 0, "text": "pacificorp ppw buys buys computer firm pacificorp said it acquired thomas nationwide computer corp for mln dlrs in cash and mln dlrs in deferred consideration depending on the future performance of the company thomas nationwide leases and re markets new and used international business machines corp equipment pacificorp said it said thomas nationwide will be combined with its systems leasing corp unit in maclean va reuter" }, { "label": 0, "text": "investment firm ups france fund frn stake vbi corp a british west indies investment firm told the securities and exchange commission it raised its stake in france fund inc to shares or pct of the total from shares or pct vbi said it bought france fund common shares between april and june at prices ranging from to dlrs a share reuter" }, { "label": 0, "text": "lynch lgl plans offer for becor bcw stock lynch corp said it will offer dlrs a share in cash dlrs in subordinated debentures and a share in a new company for each becor western inc share outstanding lynch said its proposed offer substantially improves over the offer of dlrs a share in cash and dlrs of senior sinking fund debentures made by bcw acquisition inc formed by becor s management lynch chairman mario gabelli who heads a group which owns pct of becor s mln outstanding shares said the lynch bid is about one dlr better than the present offer gabelli previously said in a filing with the securities and exchange commission he felt the becor managment buyout was unfar the lynch officer said he was invited by other becor shareholders to make an offer following sale of becor s aerospace subsidiary in february the management group led by president william winter announced plans for a mln dlr leveraged buyout was planning to take becor for about mln dlrs a shareholder vote on the buyout offer is scheduled for june four reuter" }, { "label": 0, "text": "group lifts stake in scandinavia fund scf a foreign investment group told the securities and exchange commission it raised its stake in scandinavia fund inc to shares or pct of the total outstanding from shares or pct the group which includes ingemar rydin industritillbehor ab a swedish firm vbi corp a british west indies investment firm and norwegian investor erik vik said it bought scandinavia common shares since april at prices ranging from to dlrs a share reuter" }, { "label": 0, "text": "pay n pak pnp receives amended proposal pay n pak stores inc said it received a revision to one of the two previously disclosed proposals to buy the company pay n pak said that the proposal from a leveraged buyout firm had been amended to increase the dividend rate on the cumulative preferred stock to be received by pnp shareholders from pct to pct as previoiusly announced the proposal calls for a transaction in which pnp shareholders would receive a combination of dlrs in cash and dlrs in liquidation value of cumulative preferred stock for each common share under the other proposal received from paul bilzerian pnp shareholders would receive on a blended basis dlrs in cash and dlrs in liquidation value of cumulative redeemable preferred stock for each common share the company said under the bilzerian proposal the dividend rate on the preferred stock would be set so that in the joint opinion of the financial advisor to bilzerian and the financial advisor to pay n pak the preferred stock would trade at its liquidation value on a fully distributed basis the company said reuter" }, { "label": 6, "text": "u s to protect only american ships u s military forces in the mideast gulf are under orders to protect only american flag vessels and occasional u s arms deliveries on other ships to non belligerent states in the area the pentagon said today no one has ever stated or supported a policy of protecting all shipping in those waters pentagon spokesman bob sims said as the reagan administration drew up plans to increase the protective u s military presence in the gulf sims denied published reports that u s defense secretary caspar weinberger sought air cover to protect all neutral shipping in the western gulf from attacks by iran and iraq as we have said repeatedly only american flag vessels are under our protection with the exception on a limited case by case basis of ships carrying our foreign military sales equipment to friendly non belligerent states in the region sims said u s warships in the gulf two weeks ago protected a kuwaiti ship which sailed to bahrain with u s arms for bahrain and kuwait but sims said washington had received assurances that the the arms would not be used elsewhere he said kuwait which is turning oil tankers over to u s firms to fly the american flag and be protected by the u s warships is not considered a belligerent despite iranian charges that kuwait is supporting iraq in the gulf war kuwaiti tankers have come under repeated iranian attack sims refused to say how the united states will beef up its seven ship middle east task force in the gulf to protect the kuaiti tankers but pentagon officials said that additional ships and air cover are under consideration reuter" }, { "label": 0, "text": "viacom says federal court rejects request to block planned merger" }, { "label": 1, "text": "asamera asm completes refinery sale asamera inc said wholly owned asamera oil u s inc concluded the mln u s dlr sale of its denver refinery to total petroleum north america ltd in addition total is purchasing crude oil and refined product inventories at market value asamera said reuter" }, { "label": 0, "text": "court declines to block viacom via merger viacom international inc said the u s district court for the southern district of new york denied the motion of carsey werner co for a temporary injunction to block the proposed merger of viacom with a subsidiary of national amusements inc carsey werner is the producer of the cosby show reuter" }, { "label": 0, "text": "aegon n v aegn as buys life investors shares aegon u s holding corp a unit of aegon n v of the netherlands and life investors inc linv o said they have purchased about shares of life investors common stock for dlrs per share cash the purchase is part of an agreement between the two companies made in november saying that on or before each april between and the companies would offer to buy one sixth of the number of life investors common stock outstanding as of dec not already owned by aegon on dec they would offer to buy any and all remaining shares reuter" }, { "label": 0, "text": "wesbanco wsbc o acquiring bank of sissonville wesbanco inc said its board executed a merger agreement with the bank of sissonville when the merger is completed each of the shares of the bank of sissonville common stock outstanding will be converted into shares of wesbanco common stock the company said the bank of sissonville has total assets of mln dlrs as of dec the company said reuter" }, { "label": 2, "text": "municipal financial corp mfc to six mths net period ended april shr cts vs cts shr diluted cts vs cts net vs revs mln vs mln reuter" }, { "label": 2, "text": "commonwealth mortgage ccmc o th qtr net qtr ends april shr cts vs cts net dlrs vs dlrs avg shrs vs mths shr dlrs vs cts net dlrs vs dlrs avg shrs vs note full name of company is commonwealth mortgage co inc reuter" }, { "label": 2, "text": "aaron rents inc aron o year net year ended march shr cts vs dlrs net vs rev mln vs mln reuter" }, { "label": 0, "text": "holllinger hlg to paying mln dlrs for buy hollinger inc will pay about mln dlrs cash for its previously reported acquisition of privately owned unimedia inc chairman conrad black told reporters after the annual meeting confirming a published report commenting on press reports about the mln dlr price tag black said that would not be wildly inaccurate although he declined to disclose the actual cost montreal based unimedia is quebec s third largest newspaper group with three french language daily newspapers in quebec city ottawa and chicoutimi quebec and four printing plants in ontario and quebec black added that hollinger would also continue seeking acquisitions of daily newspapers with circulation under readers he said hollinger was currently talking to about such newspapers in the u s where the company currently owns dailies there is really no end to the ones that are available he told reporters although he added that most remaining acquisition opportunities are in the u s he said that hollinger s pct owned daily telegraph plc of london should become profitable in this year s fourth quarter for full year the daily telegraph could break even or better said black citing major reductions in labor costs and improved technology at the telegraph britain s largest circulation quality daily the telegraph lost mln canadian dlrs last year daily telegraph chief executive andrew knight told reporters after the meeting that the telegraph s daily circulation had risen by since september to about on weekdays despite added competition from the new independent daily newspaper knight said the independent was not affecting the telegraph s growth but was making inroads into the circulation of other london quality dailies such as the times and the guardian hollinger chairman black predicted hollinger would post net income of about mln dlrs or one dlr a share including extraordinary gains from previous sales of discontinued operations hollinger lost mln dlrs or dlrs a share last year on fewer average shares and after an extraordinary loss of mln dlrs black told shareholders that first quarter operating earnings on continuing operations amounted to dlrs against a year ago loss of dlrs revenues on continuing operations rose to mln dlrs from mln dlrs last year which did not include daily telegraph revenues he added consolidated first quarter figures were not disclosed he said the daily telegraph s first quarter operating loss was sharply reduced from last year reuter" }, { "label": 7, "text": "reagan seeks romania trade concession president reagan called for continued nondiscriminatory treatment for romanian exports to the united states in the face of congressional opposition because of the bucharest government s record on human rights a white house statement said reagan s decision to press for continuation of so called most favored nation mfn status for romania had been exceptionally difficult and came after all options were seriously considered but the statement said that despite concerns about human rights abuses by the bucharest government the president had decided that should be continued because it helped stimulate emigration from romania and gave the united states influence on human rights practices there the statement was issued as reagan sent to congress requests for one year extensions of mfn for romania hungary and china the house of representatives has attached to a trade bill legislation that would temporarily deny mfn for romania pending certification by reagan that the country had made progress on human rights there is no controversy over continuation of mfn for hungary and china reuter" }, { "label": 2, "text": "timberline industries inc timb o st qtr net oper shr eight cts vs two cts oper net vs sales mn vs mln note current qtr figures exclude loss from discontinued operations of dlrs or two cts per share vs loss of dlrs or four cts per share reuter" }, { "label": 6, "text": "last minute opposition to gulf bill arises house speaker jim wright predicted passage of legislation requiring the reagan administration to provide congress with a report on its mideast gulf policy but a last minute revolt by an alliance of liberals and conservatives left the bill s fate in doubt the legislation was written in the wake of the may th iraqi missile attack on the u s frigate stark in the gulf which killed americans and president reagan s decision to protect kuwaiti oil tankers by putting them under u s flags effectively making them american ships since the administration made known its reflagging plans congressional leaders complained they had not been consulted and some charged the policy could lead the united states into the year old war between iran and iraq the house was to vote today on a bill supported by the democratic and republican congressional leadership and the administration which demanded a report within seven days on plans to meet the security needs of u s forces in the gulf the resolution was expected to pass without controversy today in the house foreign affairs committee before the full house was to take up the bill but in a surprise move liberal democrats and conservative republicans on the committee joined in an unusual alliance to oppose the resolution liberal democrats said a lack of any restrictions in the bill implied consent to reagan s policies reuter" }, { "label": 2, "text": "texas american energy corp tae st qtr shr cts vs cts net vs revs mln vs mln reuter" }, { "label": 2, "text": "intermetco ltd int to six mths april net shr cts vs cts net vs revs mln vs mln reuter" }, { "label": 0, "text": "professor lifts banc texas btx preferred stake a university of massachusetts finance professor said he raised his stake in banc texas group inc to shares of dlr cumulative preferred stock or pct of the total from shares or pct in a filing with the securities and exchange commission ben shirley branch also said he bought shares of class a cumulative convertible preferred stock or pct of the total for dlrs bringing his total investment in both preferred series to about dlrs branch said he bought the stock as an investment but reserved the right to try to influence the company reuter" }, { "label": 7, "text": "investment crucial to u s textile recovery with more private investment not more protection the u s textile industry could become competitive with the most modern foreign producers analysts from two congressional agencies said today the office of technology assessment a nonpartisan arm of congress told a house ways and means trade subcommittee hearing there was still concern for the future of parts of the u s textile and apparel industry but there was more reason for optimism than a few years ago while textile producers are making significant investments they could do more ota analyst henry kelly said the congressional budget office cbo the nonpartisan budget analysis arm of congress said federal loans or loan guarantees would be preferable options for congress rather than increased trade protection which could lead to foreign retaliation cbo analyst edward gramlich said past trade protections first imposed in the s have had only a small benefit for profits and investments of domestic firms trade subcommittee chairman rep sam gibbons said the agencies analyses seemed to agree with his opinion against congressional approval of protectionist textile quota legislation aimed mainly at western europe japan and other asian textile producing countries president reagan last year vetoed a textile protection bill but it was reintroduced in this session of congress and is expected to be voted on in the house this year however approval this year is in doubt because passage of a major trade bill without specific protections for textiles showed a weakening of support for the legislation most u s producers have fallen behind other foreign producers in the use of modern textile and apparel production equipment and net imports are growing faster than the domestic markets kelly said he added that private investment in the textile and clothing industry in of pct was less than one seventh the average manufacturing investment of pct despite existing import quotas and tariffs imports of textiles grew pct in and imports of apparel grew pct while u s production rose only pct the traditional industry seems destined to be replaced by new technology imports or some combination of both while the industry may not be able to compete in all domestic markets that it enjoyed twenty years ago the results of our research indicate that portions of the domestic market can be recovered and that exports can be expanded kelly said reuter" }, { "label": 2, "text": "ione inc six months march net shr two cts vs n a net revs note company became public in march reuter" }, { "label": 2, "text": "atlas yellowknife ay to six mths loss period ended march shr loss nil vs profit one ct net loss vs profit revs vs note full name atlas yellowknife resources ltd reuter" }, { "label": 2, "text": "woodward s ltd wdsa to st qtr may loss shr loss cts vs loss cts net loss vs loss revs mln vs mln reuter" }, { "label": 2, "text": "commonwealth mortgage co inc ccmc o th qtr qtr ended april shr cts vs cts net vs year shr dlrs vs cts net vs assets mln vs mln reuter" }, { "label": 0, "text": "stockholders won t pursue continental cuo bid continental associates a group of four shareholders who hold about pct of of continental materials corp stock said it will not pursue a tender offer for all of its shares the shareholders said they were told that continental materials directors had no interest in selling the company late yesterday continental materials board said it decided not to give further consideration to a business combination proposed by the group of st louis businessmen reuter" }, { "label": 2, "text": "minntech corp mntx o th qtr mar net opr shr nil vs seven cts opr net vs revs vs avg shrs vs year opr shr cts vs cts opr net vs revs mln vs avg shrs vs note earnings for year exclude gains due to tax loss carryforward of dlrs or cts a share in and dlrs or cts in reuter" }, { "label": 6, "text": "u s house passes gulf bill despite opposition the u s house of representatives approved a bill that requires the reagan administration to provide congress with a report on its gulf policy but does not place any restrictions on its actions the bill passed winning a necessary two thirds of those voting despite a last minute revolt by an alliance of liberal democrats and conservative republicans who sought to defeat it as a signal that a growing number of legislators oppose president reagan s policies in the region the legislation was passed in the wake of the may th iraqi missile attack on the u s frigate stark in the gulf which killed americans and reagan s decision to protect kuwaiti oil tankers by putting them under u s flags effectively making them american ships the legislation supported by congress democratic and republican leadership as well as by the administration required defense secretary caspar weinberger to provide a report to congress within seven days of enactment on plans to protect u s warships and flag ships in the persian gulf it did not however place any restrictions on the administration as it proceeds to reflag the kuwaiti ships and thus has no immediate effect on u s policy the senate was expected to approve the legislation this week the bill would then be sent to reagan for signature supporters of the bill said passage of the bill was only a first step toward a greater congressional involvement in formulating policy but democratic critics said the bill did not ask the administration to address tough policy questions in the report reuter" }, { "label": 1, "text": "colombian group suspends bombings of pipelines a colombian group announced the suspension of its bombings of oil pipelines pending the government s levy of a social tax on foreign petroleum companies and an mln dlrs fine on the occidental petroleum corp oxy there was no indication the government would meet the conditions demanded by the leftist national liberation army eln according to the state oil firm ecopetrol the eln carried out attacks on petroleum pipelines between and the assaults the most recent launched two months ago have caused an estimated total of mln dlrs in damage in a communique the eln said it would demand a tax of one dollar per barrel of crude oil pumped by foreign firms as a condition for maintaining its suspension of the assaults foreign oil firms pump an average of barrels per day in colombia colombian tax authorities are investigating occidental a u s owned firm for alleged tax evasion if the charges are proven the firm could face a fine of up to mln dlrs the eln demands the government charge the penalty reuter" }, { "label": 0, "text": "investment firms have pct of midway mdwy o two affiliated investment firms told the securities and exchange commission they have acquired shares of midway airlines inc or pct of the total outstanding common stock the firms boston based fmr corp and fidelity international ltd a bermuda based investment advisory firm said they bought the stake to acquire an equity interest in the company in pursuit of specified investment objectives the firms said they may increase or decrease their stake in the company but have no plans to seek control of the company or representation on its board reuter" }, { "label": 0, "text": "wickes wix completes purchase wickes cos inc said it has completed the purchase of dura corp for an undisclosed amount dura a supplier of automotive equipment had annual sales of over mln dlrs reuter" }, { "label": 0, "text": "ball corp bll completes acquisition ball corp said it completed the purchase of privately held verac inc a san diego defense systems and software development company terms of the acquisition were not disclosed verac had sales of about mln dlrs verac will operate in san diego as part of ball s technical products group reuter" }, { "label": 0, "text": "freedom frdm to recognize gain on unit sale freedom savings and loan association said it will record a net gain of mln dlrs on the sale of certain assets of its freedom mortgage co subsidiary to chase home mortgage corp a subsidiary of chase manhattan corp cmb freedom also said it had completed the sale the company said about mln dlrs of the gain will be recnogized in the quarter ending june with the remainder derferred and recognized over the remaining life of the serviced mortgage porfolio reuter" }, { "label": 2, "text": "comp u card international inc cucd o st qtr shr cts vs cts net mln vs mln revs mln vs mln note net includes seven cts or mln dlrs tax loss carryforward reuter" }, { "label": 2, "text": "merchants mchn o to report nd qtr loss merchants national corp with billion dlrs in assets said it will report a loss of mln dlrs for the second quarter due to its decision to increase its provision for losses by mln dlrs mainly due to uncertainties surrounding latin american debt in the second quarter last year merchants reported net income of mln dlrs or cts a share as a result of the increased loan loss provision the bank said the allowance for loan losses will increase from pct to pct of the bank s total loans the bank said its expects to report estimated net of over mln dlrs for reuter" }, { "label": 6, "text": "u s house passes mideast gulf bill the house today approved a bill requiring the reagan administration to report to congress on its mideast gulf policy but not restricting its actions the vote in favor was despite a last minute revolt by an alliance of liberal democrats and conservative republicans who sought to defeat it as a signal that a growing number of legislators oppose president reagan s policies in the region in the senate a leading republican senator former senate appropriations committee chairman mark hatfield of oregon said he would try to prevent consideration of the bill he said he will put a so called hold on the bill until he finds out whether the war powers act applies to protecting kuwaiti tankers congressional leaders complain they were not consulted about plans to put the u s flag on kuwaiti ships and some charged the policy could lead the u s into the iran iraq war conservative republicans said increasing the u s military obligation in the gulf would place impossible burdens on american servicemen and equipment and warned it could lead to war it is a real snake pit at best and a powder keg that will blow sky high at worst said wisconsin rep toby roth reuter" }, { "label": 5, "text": "near term strength seen for currency futures currency futures are likely to move higher following the sharp rally today after president reagan announced that paul volcker would not accept a third term as federal reserve chairman and that alan greenspan was nominated as his replacement currency analysts said contrary to predictions before the volcker resignation analysts are calling for higher currency futures prices between now and the june venice economic summit in particular uncertainty about greenspan s attitude to the dollar could undermine sentiment toward the u s currency analysts said greenspan said today that the dollar appeared to be nearing a bottom but the market will bear in mind his remarks in chicago last week that the dollar s recent move upward was a technical reaction and that it would trade significantly lower analysts said disappointment of european central bankers over the appointment will be used as an opportunity to sell the dollar lower said manufacturers hanover futures vice president carol mackoff the international community will not like this appointment as it suggests the possibility that the u s budget deficit is too much of a burden on monetary policy and that volcker was unable to get the commitment he sought to reduce the deficit added merrill lynch economics analyst david horner furthermore that greenspan was not named two months ago suggests that he was not the administration s first choice and that the status of his appointment was as a bridesmaid horner said a declining dollar scenario with higher currency futures prior to and throughout the venice meetings would be mitigated only by concrete action as opposed to jawboning at the g summit he said but g finance ministers judged by recent statements may be at an impasse analysts said japan and west germany today reiterated that neither planned further interest rate cuts despite pressure from the u s to do so mackoff said the u s on the other hand has not cut its budget deficit as japan and west germany have urged she said should g members force a u s commitment to cut its budget deficit in the next two years a further decline in the dollar could be forestalled horner said however the impact from venice will be nothing if nothing changes horner said smith barney harris upham and co analyst craig sloane said european currencies will likely move to the higher end of their ranges after today s sharp advance for the next two weeks sloan calls for september yen futures to advance toward the area he said september marks could close in on as an upside target while swiss francs could climb to a range between and reuter" }, { "label": 4, "text": "westpac drops new zealand indicator lending rate westpac banking corp wstp s said it is cutting its indicator lending rate to pct from pct effective from june westpac said in a statement various other lending rates are also being revised downwards the westpac move follows base rate drops by other new zealand trading banks recently bank of new zealand s base rate drops to pct from on june and national bank of new zealand ltd s rate falls to pct from on june the australia and new zealand banking group ltd anza s rate remains at pct reuter" }, { "label": 4, "text": "citibank lowers australian prime rate to pct citibank ltd said it would lower its australian prime rate to pct from effective tomorrow the new rate if unmatched by other banks will be the lowest among australian trading banks other primes range from to pct australian prime rates have now retreated from a recent peak of pct in october in line with declining money market levels citibank said its reduction reflected the decline reuter" }, { "label": 0, "text": "australia s ansett to take pct of america west australia s ansett airlines will exercise an option to acquire pct of america west airlines inc awal o for about mln u s dlrs ansett transport industries ltd managing director peter abeles said exercise involving the purchase of about three mln new america west shares for u s dlrs each was scheduled to be finalised in july or august he said in a statement abeles said ansett would become the largest single shareholder in what he said was the fastest growing airline in the united states america west is based in phoenix arizona under the terms of the option agreement ansett would have the right to maintain its pct position in the event of future stock sales but could not go beyond pct unless so requested by america west abeles said america west would retain the right of first refusal if ansett offered any of the shares for sale in addition ansett would gain one board seat he said ansett transport industries wholly owns ansett airlines one of australia s two major domestic airlines and is in turn owned by abeles international transport group tnt ltd tnta s and rupert murdoch s news corp ltd ncpa s reuter" }, { "label": 6, "text": "japan foreign shipbuilding orders fall in may new foreign shipbuilding orders received by japanese yards in may fell to five vessels totalling gross tons gt from eight ships of gt in april against four ships of gt a year earlier the japan ship exporters association said the backlog of orders at end may was ships of mln gt against ships of mln at end april and ships of mln a year ago an association official said the world shipping recession and the yen s appreciation against the dollar depressed may orders he said reuter" }, { "label": 7, "text": "shultz predicts rapid narrowing of u s trade gap secretary of state george shultz said the u s would erase its large foreign trade deficit faster than many predicted and the consequences for its trade partners might be traumatic the u s economy will inevitably make the adjustment necessary to move from a deficit to a surplus trade balance in order to service our growing foreign debt he told a conference attended by the six members of the association of southeast asian nations and their leading western friends in my view this will happen more rapidly than many observers now predict the universal strategy of aggressive export led growth is becoming less effective shultz said it is not arithmetically possible for every country in the world to be a net exporter at the same time the u s deficit which we all decry has been in a sense the place into which everyone s export led strategy for growth has gone the huge surpluses of japan and west germany have fed on this deficit so something will have to give and it will be possibly a traumatic experience he added while you must keep up the pressure on us to eschew protectionist policies you must act too shultz said i can do a better job of convincing the congress to leave our door open to imports if more of our trading partners open their doors wider he told the group which included representatives from australia canada japan new zealand and the european community reuter" }, { "label": 0, "text": "hong kong s dairy farm says it bids for pct of kwik save for mln stg" }, { "label": 0, "text": "dairy farm bids mln stg for pct kwik save dairy farm international holdings ltd said in a statement it is making a tender offer for pct of kwik save discount group plc kwik l of britain for a total mln stg dairy farm said it will offer to buy up to mln kwik save shares at stg each the offer will bring dairy farm s stake in kwik save to pct from the present pct or mln shares the offer which will begin on monday and ends june requires that the shares tendered will bring its stake to at least pct dairy farm said it will finance the acquisition by placing mln shares with affiliate jardine strategic holdings ltd jars hk at h k dlrs each for a total of mln dlrs the placement will raise jardine strategic s stake in dairy farm to pct from the current pct it said the kwik save purchase will also be financed with a loan from the hongkong and shanghai banking corp hkbh hk it did not give the size of the loan but it said it would raise its net bank borrowings to a maximum of billion h k dlrs dairy farm said it would reduce its bank borrowings by the proceeds from the previously announced sale of its office building in sydney for mln dlrs it will consider raising additional capital most probably through a placement of convertible preference shares in the euromarket it added company chairman simon keswick said the u k market offers attractive opportunities for competitively priced food retailers and that a strategic investment in kwik save offers the best vehicle to pursue those opportunities reuter" }, { "label": 2, "text": "mazda motor corp mazt t six months ended april parent shr yen vs div yen vs same net billion vs billion current billion vs billion sales billion vs billion oustanding shrs mln vs mln reuter" }, { "label": 2, "text": "berisford lifts first half profit mln stg six months to march shr p vs p div p vs p turnover billion vs billion interest mln vs mln pretax profit mln vs mln tax mln vs mln minorities mln vs extraordinary items mln credit vs mln debit note company name is s and w berisford plc brfd l reuter" }, { "label": 4, "text": "commonwealth bank cuts australian split prime the commonwealth bank of australia said it will lower its reference rate for loans to pct from pct and its overdraft reference rate to pct from effective june bank officials have said the bank regards the overdraft reference rate based on short term rate trends as its key prime lending rate to corporate customers the loan reference rate is based on longer term trends the bank is the latest to cut prime rates in recent days following a continuing decline in market rates other prime rates now range from pct to pct reuter" }, { "label": 1, "text": "australian crude output falls in first nine months australian crude oil and condensate output fell pct to megalitres or about mln barrels in the first nine months of fiscal ending june the department of resources and energy said the decline in production in the nine months to end march reflected mainly a sharp dip early in the fiscal year when low oil prices and high marginal excise rates led to a reduction of output from bass strait department figures in its major energy statistics publication show a megalitre is barrels reuter" }, { "label": 2, "text": "british telecom raises profit pct year to end march shr p a pct rise div p making p vs vs p turnover billion a pct increase operating profit billion a pct increase pretax profit billion a pct rise fourth quarter turnover billion a pct rise operating profit mln a pct increase pretax profit mln a pct rise reuter" }, { "label": 2, "text": "johnson matthey raise pretax profits by pct year to march fin div p making p vs p shr p vs p pretax profit mln stg vs mln net after tax mln vs mln turnover billion vs billion extraordinary dbt mln vs mln note full company name is johnson matthey plc reuter" }, { "label": 0, "text": "government to sell pct of air new zealand the new zealand government will sell pct of state owned air new zealand ltd to the public civil aviation minister richard prebble said prebble said in a statement the government would appoint an adviser to help it decide how the shares should be sold the timing of any sales and the price clearly there will be a need to gauge the effect of other proposed share issues so as to enter the market at the best opportunity prebble said we are in no particular rush to sell our shares in air new zealand he said our aim is to maximise the benefit to the taxpayer if that means waiting for a while then so be it prebble said he said air new zealand expects to release its results soon for the year to march he said he was confident it would post an excellent profit prebble said air new zealand was successful but its ability to prosper in future was hampered by its wholly government owned status prebble said access to new sources of capital would increase its ability to expand and develop this sale announcement follows the public float in march of around pct of the bank of new zealand ltd the government has said it will also float part of the capital of other state owned operations including dfc new zealand ltd formerly development finance corp of new zealand ltd and petroleum corp of new zealand ltd reuter" }, { "label": 2, "text": "london international raise profits by mln year to march final dividend p vs p making p vs p share p vs p pre tax profit mln stg vs mln net profit mln vs mln turnover mln vs mln note london international group plc lonl l said that sharply increased sales of condoms had led to a particularly strong start to the year and it had considerable confidence for the future reuter" }, { "label": 7, "text": "toshiba sharp restrain lap top pc exports to ec toshiba corp tsba t and sharp corp shrp t decided to maintain exports of lap top personal computers to the european community ec at last year s levels despite the halt of shipments to the u s company spokesmen told reuters they said the voluntary restraints were aimed at averting ec sanctions urged by european computer makers the europeans feared japanese personal computers would flood ec markets after washington imposed pct tariffs last april toshiba and sharp together control about pct of the personal computer market in the ec the sharp spokesman said toshiba said exports of t and t lap top computers would continue at units a month for the time being sharp said exports to the ec of pc series lap top personal computers would continue at last year s level of to units a year washington imposed the tariffs because of japan s alleged failure to uphold a agreement on semiconductor trade reuter" }, { "label": 4, "text": "belgium cuts treasury certificate rates the belgian national bank said it cut one two and three month treasury certificate rates all by points effective immediately the cuts take the one month rate to pct the two month rate to pct and the key three month rate to pct the central bank said in a telex a national bank spokesman said the modest cut was made after a decline in domestic money market rates yesterday and was not expected to be followed by a cut in the pct discount rate the short term treasury certificate rates and especially the three month rate have been the national bank s main monetary policy instrument for the last two years the discount rate has been the market s penalty rate rather than a guiding rate since and its advances are currently little used as liquidity is ample bank economists said the bank last cut one to three month certificate rates on june also by points reuter" }, { "label": 1, "text": "indonesia cuts july crude supplies to japan indonesia s state oil company pertamina has informed its affiliated japanese companies that crude oil supplies will be pct less than contractual volumes in july a spokesman for an affiliated company said he said the allocations were in line with indonesia s production ceiling under its current opec quota so they might be increased if opec ratifies a production rise next week allocations of indonesia s main traded crude minas had been cut by pct and duri by pct he said last month contractual volumes were cut by pct contractual volumes assume no production ceiling oil traders said indonesian grades were already trading above their official selling prices osp on the spot market due to strong demand from japan and the u s and tight supplies a cargo of duri loading in july was reportedly traded yesterday at cents over its osp of dlrs per barrel and minas is trading about cents higher they said reuter" }, { "label": 0, "text": "french state sell offs raise billion francs the french government s privatisation program which began late last year has earned the french state about billion francs to date the finance ministry said sources close to finance minister edouard balladur said the revenues raised from the privatisation program would be used in priority to pay off public debt which stood at billion at the end of the ministry said in a communique that the returns included banking group societe generale sgen pa which began its two week public flotation last monday the government has carried out eight flotations as well as the private sale of telephone group cie generale de constructions telephoniques cgct since its denationalisation scheme began last december with the sell off of glass makers saint gobain sgep pa it added the government has pledged to privatise state owned industrial banking and insurance companies by other companies to be sold to the private sector in the near future are television network tf later this month and banking group cie financiere de suez fspp pa in the autumn the ministry said tf s forthcoming sell off meant that a third of the government s programme would have been completed in less than nine months balladur on sunday rejected press and opposition charges that the share prices for privatised companies had been pitched too low he said that the average premium of shares trading on the bourse was between and pct over their offer price this compared with premiums of between and pct on similar share flotations in britain reuter" }, { "label": 4, "text": "may ajusted sterling bank lending up billion stg after billion in april official" }, { "label": 4, "text": "citibank lowers australian prime rate to pct citibank ltd said it would lower its australian prime rate to pct from effective tomorrow the new rate if unmatched by other banks will be the lowest among australian trading banks other primes range from to pct australian prime rates have now retreated from a recent peak of pct in october in line with declining money market levels citibank said its reduction reflected the decline reuter" }, { "label": 7, "text": "u s senators propose ban on toshiba imports three u s senators said they will propose a temporary ban on imports of all toshiba products due to the company s illegal sales of sensitive high technology goods to the soviet union senator jake garn john heinz and richard selby said at a hearing of the senate banking committee on export control they will offer the proposal as part of a major trade bill when it is brought before the senate this summer garn a utah republican said i am talking about specific retribution on a company that endangers the security of their own country and ours reuter" }, { "label": 2, "text": "james hardie industries ltd haha s yr to march yr ended march shr cents vs final div cents vs making yr vs net mln dlrs vs mln turnover billion vs billion other income mln vs mln shrs mln vs mln note div pay aug reg july div is unfranked and thus will not be tax free under dividend imputation net is after tax mln dlrs vs mln depreciation mln vs mln interest mln vs mln and minorities mln vs mln but before extraordinary profit mln vs loss mln reuter" }, { "label": 4, "text": "commonwealth bank cuts australian split prime the commonwealth bank of australia said it will lower its reference rate for loans to pct from pct and its overdraft reference rate to pct from effective june bank officials have said the bank regards the overdraft reference rate based on short term rate trends as its key prime lending rate to corporate customers the loan reference rate is based on longer term trends the bank is the latest to cut prime rates in recent days following a continuing decline in market rates other prime rates now range from pct to pct reuter" }, { "label": 0, "text": "csr declares pioneer sugar bid unconditional csr ltd csra s said it had declared unconditional its takeover bid for pioneer sugar mills ltd following pioneer s recommendation that shareholders accept this meant pioneer shareholders would be paid for all shares tendered within days csr said in a statement csr s statement follows industrial equity ltd s inea s disclosure yesterday that it had built up a pct stake in pioneer at dlrs a share topping csr s cash bid of csr is also offering one share currently worth dlrs plus cash for every two pioneer shares which values pioneer at per share it holds about pct of pioneer reuter" }, { "label": 0, "text": "sandvik diamant boart finalise drills merger sweden s sandvik ab svik st and diamant boart sa of belgium in which societe generale de belgique belb br holds an indirect pct stake have finalised negotiations on merging oil and gas drilling tool activities officials of both companies said staffan paues president of the new brussels based joint venture company diamant boart stratabit sa dbs told a news conference that the merged firm would be able to offer products for all types of drilling operations he said there were already signs that a slow recovery from recession was under way in the oil and gas industries stability in oil prices should lead to renewed investment paues said dbs which paues said began operations today brings together sandvik s wholly owned u s subsidiary strata bit corp of houston and diamant boart s petroleum activities in europe north america the middle and far east and africa paues said the merger was a direct result of the sharp fall in oil prices months ago which led oil firms to cut back exploration activities officials said the complementary character of the two firms operations was a further reason reuter" }, { "label": 0, "text": "thomson grand public takes over thorn emi s audiovisual division thomson" }, { "label": 0, "text": "thomson takes over thorn emi audiovisual thomson grand public the subsidiary of thomson sa thmp pa has taken over the audiovisual consumer goods division of british group thorn emi thomson grand public chairman pierre garcin said the cost of the deal signed late yesterday is around mln stg and thomson will finance mln of this from its equity thorn emi is a leader in the british audiovisual market with a turnover last year of mln stg garcin said the new acquisition would substantially increase thomson s turnover in the sector reuter" }, { "label": 0, "text": "jwt group jwt sues wpp group plc jwt group inc said it filed a suit against wpp group plc to enjoin the company from continuing its tender offer the company said it charged that former jwt group unit executive john peters has breached his fiduciary duty by disclosing confidential information about the company and its clients the company said the suit filed in new york state supreme court seeks to halt the ongoing misuse and misappropriation of highly confidential and proprietary information concerning jwt and its clients the defendants in the suit are wpp group and its units and peters who until january was a director of j walter thompson co jwt group s main subsidiary and its president and chief operating officer jwt said it asked the court to enjoin the defendants from acquiring any further jwt stock make them return all confidential and proprietary information and to disgorge all profits or other gains the company said it also asked the court to award jwt unspecified damages reuter" }, { "label": 0, "text": "jwt group jwt grants golden parachutes jwt group inc disclosed in a filing with the securities and exchange commission that it awarded so called golden parachutes to top officers the company said it granted the special bonuses which take effect only if an executive is fired within two years of a successful takeover on june it granted of the officials a severance payment of just under three times their annual compensation if they are fired after a takeover for chairman don johnston the payment was limited to twice his annual compensation jwt approved additional lump sum payments of one year s compensation to an unspecified number of other highly paid company officials the company also altered its employee retirement and stock incentive plans to assure continued protection and benefits for employees in the event of a hostile takeover the company did not disclose the cost of the changes made in the severance retirement or stock plans reuter" }, { "label": 0, "text": "unilever declines comment on gillette bid rumours a spokesman for unilever plc un as declined to comment on market rumours that it may be considering a bid for the u s health care group the gillette co gs n gillette shares are traded on the over the counter market in london and this morning stood one dollar higher at dlrs in response to the bid speculation unilever dipped p to in a generally depressed u k market most analysts dismissed the rumours saying it was an old story and one commented that it was utter rubbish adding he thought unilever would not be interested in gillette gillette shares rose sharply at the beginning of the month on wall street rumours that sir james goldsmith was building a stake in the company gillette has been the subject of repeated rumours since ronald perelman chairman of the revlon group inc rev made an unsuccessful bid for the company last year reuter" }, { "label": 0, "text": "service resources src ends sorg srg bid service resources corp said it has withdrawn and terminated its dlr per share takeover offer to sorg inc because sorg failed to respond to the bid it said as sorg s largest single shareholder it will evaluate all its options including making a further offer to sorg or disposing of some or all of its sorg shares reuter" }, { "label": 0, "text": "halcyon has stake in research cottrell rc halcyon investments a new york firm reported a pct stake in research cottrell inc alan slifka a partner in halcyon told reuters the shares were purchased for investment purposes but declined further comment on june research cottrell said it had entered into a definitive agreement to be acquired by r c acquisitions inc for dlrs per share research cottrell closed at today unchanged from the previous close reuter" }, { "label": 2, "text": "cullinet software inc cul th qtr earnings april end shr loss cts vs shr profit cts net loss vs net profit revs mln vs mln avg shrs vs months shr loss cts vs shr profit cts net loss mln vs net profit mln revs mln vs mln avg shrs vs note both and figures restated to reflect april acquisition of distribution management systems inc accounted for as a pooling of interests results include a first quarter non recurring charge of mln dlrs with an after tax impact of cts per share attributable to the write off of the remaining assets acquried from computer pictures corp in november reuter" }, { "label": 0, "text": "allegis aeg meets with united employees group a spokesman for a group of united airlines employees who oppose the attempted takeover of united by the airline pilots association said he met with the new chairman of allegis frank olson william palmer the group s spokesman which claims to speak for thousands of united employees said the meeting with olson was positive and friendly but no future meeting dates were set in april the pilots union offered to buy out united an allegis subsidiary through an employee stock ownership plan reuter" }, { "label": 4, "text": "nat west cuts mortgage rate for new borrowers national westminster bank plc nwbl l announced a pct reduction in the mortgage interest rate applicable to new mortgages taken out from june the new rate is pct apr annual percentage rate pct including fees for normal repayment mortgages and pct including fees for endowment and pension mortgages a spokesman for nat west said the position for existing mortgages is being kept under active review in the light of market conditions and an announcement will be made as soon as possible reuter" }, { "label": 0, "text": "harcourt brace hbj calls special meeting harcourt brace jovanovich inc said it has called a special meeting for july for a vote on an increase in authorized common shares to mln from mln an increase in preferred shares to mln from and a provision allowing the payment of preferred dividends in stock or property as well as cash the company said june will be the record date for the meeting harcourt which is fighting off a takeover bid from british printing and communication corp plc has declared a special dividend on common stock of dlrs in cash and pct preferred stock with a market value of dlrs per share the special dividend is to be paid july reuter" }, { "label": 2, "text": "penwest inc penw o rd qtr may net shr dlrs vs cts net vs sales mln vs mln avg shrs vs nine mths shr dlrs vs cts net vs sales mln vs mln avg shrs vs reuter" }, { "label": 0, "text": "first data management fdmc o completes merger first data management co inc said it has completed a merger into firsst data management holding co following sharehoplder approval it said each shares will be exchanged for dlrs principal amount of pct senior subordinated debentures due june reuter" }, { "label": 2, "text": "frost and sullivan inc frsl o rd qtr qtr ends april shr loss cts vs profit nine cts net loss vs profit revs vs nine mths shr profit four cts vs profit one ct net profit vs profit revs vs reuter" }, { "label": 2, "text": "culp inc culp o th qtr may two net shr cts vs cts net vs sales mln vs mln year shr dlrs vs one dlr net vs sales mln vs mln note prior year net both periods includes gain dlrs from adjustments to lifo reserves compensation related accruals and a revised effective tax rate reuter" }, { "label": 1, "text": "opec differentials not seen posing major problems some opec states are unhappy about the prices assigned to their crude oil but this should not pose great problems when the group reviews its six month old price and output pact in vienna next week oil analysts say they said nigeria which holds the opec conference presidency and qatar probably have the biggest grievances about price differentials making some of their crudes uncompetitive there has also been speculation by japanese traders that opec might want to mark up prices of high sulphur heavy crudes to correspond with greater demand and higher fuel oil prices but most experts agree that a major overhaul of price differentials is unlikely so as to avoid giving the market signals of a dent in opec s new unity all opec members can make a good case for changing differentials said one analyst with a major oil company but at the end of the day the attitude is going to be leave well alone and little or nothing is likely to be altered iran libya and saudi arabia are among those who also saw sales problems earlier this year traders say but diminished customer resistance to fixed prices and in some cases marketing incentives have helped their sales some producers can sell uncompetitively priced crudes by means of discounts processing deals or selling them alongside better priced grades in a package many opec crudes are seen to be reasonably priced at least for some part of the year but many experts say opec should change prices quarterly or monthly to match seasonal demand for fuel oil rich heavy crudes and gasoline rich lighter grades at its last meeting in december opec agreed to reintroduce fixed prices from february around an dlr per barrel reference point official prices had been effectively dropped in when members offered discounts to attract customers opec also decided to limit first half output to mln bpd and proposed ceilings of mln for the third quarter and mln for the fourth analysts expect it will now extend or raise slightly the current ceiling for the coming months spot market and netback values for some crudes do not mirror official prices but opec will probably keep the dlr target and at most make minimal changes to differentials analysts say the dlr figure is based on a basket of six opec and one non opec crudes opec assigned prices to its other key export crudes with a dlr gap between the heaviest and lightest extra heavy crudes were among those left out industry estimates vary on the proportion of opec oil exports actually sold at official prices several experts say only one quarter to one third of the total in fact sells at official prices with some of the rest included in processing or barter deals or sold in the form of refined products problems with the new structure appeared earlier this year when some producers output fell due to customer reluctance to pay the new prices nigeria especially found its gasoline rich bonny light crude now opec s highest priced grade at dlrs a barrel was uncompetitive on the spot market against britain s brent in february and march nigeria s production shrank below its mln bpd opec quota spot prices have since revived due partly to seasonal demand for gasoline and its output has risen some experts feel bonny light is still overvalued and say its price should be cut by between cts to one dlr a barrel but mehdi varzi chief oil analyst with london s kleinwort grieveson securities doubts nigeria will actively push the differentials question in vienna it would not look good for opec unity if nigeria which holds the presidency raised the issue he said reuter" }, { "label": 2, "text": "general instrument corp grl st qtr may shr cts vs eight cts net mln vs mln revs mln vs mln backlog mln vs mln reuter" }, { "label": 0, "text": "mr rooter root o rescinds united western pact mr rooter corp said it rescinded a recent agreement calling for united western energy corp to to buy a majority of mr rooter s stock for four dlrs a share the company said it has also demanded repayment of a dlr loan made to united western since announcing the agreements mr rooter said it discovered additional information relating to united western and the unaffiliated privately held corporation which had guaranteed all of united western s obligations under the agreements mr rooter said the agreements were rescinded d in light of this additional information without providing details it said talks are in progress with united western with regard to the repayment terms of the loan reuter" }, { "label": 0, "text": "gillette says revlon asked its board to consent to dlrs per share offer" }, { "label": 0, "text": "liberty financial says it agrees to be acquired by equimark for dlrs per share" }, { "label": 2, "text": "price co pclb o rd qtr june seven net shr cts vs cts net mln vs mln sales mln vs mln avg shrs mln vs mln nine mths shr dlrs vs ctsd net mln vs mln sales billion vs billion avg shrs mln vs mln note twelve and week periods reuter" }, { "label": 2, "text": "medchem products inc mdch o rd qtr net qtr ends may shr cts vs eight cts net dlrs vs dlrs revs dlrs vs dlrs nine mths shr cts vs cts net dlrs vs dlrs revs dlrs vs dlrs reuter" }, { "label": 0, "text": "lomas and nettleton lnf to make acquisition lomas and nettleton financial corp said it has agreed in principle to acquire houston discount brokerage firm texas first brokerage services inc for undisclosed terms subject to regulatory approvals it said completion is expected by july reuter" }, { "label": 1, "text": "shell canada raises crude oil posting canadian cts bbl" }, { "label": 0, "text": "liberty financial announces merger with equimark liberty financial group inc the parent of liberty savings bank said it has signed a definitive agreement to be acquired by equimark corp eqk the parent of equibank for dlrs a share of liberty the transaction is structured as a merger of liberty with a duly formed unit of equimark the company said liberty shareholders will receive about dlrs per share uopn the merger the company said according to the companies the acquisition is contingent upon the approval of liberty s shareholders and the appropriate regulatory authorities liberty said the acquisition of its unit liberty savings bank by equimark corp will result in the bank operating as a separate wholly owned unit of equimark charles cheleden chairman and president of liberty financial and liberty savings will continue as president and chief executive officer of liberty savings headquartered in horsham pa the company said liberty said it feels that the price of dlrs in cash per share is attractive and that it has advised by shearson lehman brothers that the price is fair reuter" }, { "label": 0, "text": "gillette gs gets offer from revlon rev gillette co said revlon group made an unsolicited request asking the gillette board to allow revlon to make a cash offer for all gillette shares of at least dlrs per share gillette said consent for the bid is required under a standstill agreement between revlon and gillette before revlon can make any move on gillette s stock in november revlon made an unsolicited offer for gillette shares gillette said subsequently revlon withdrew its offer sold back to gillette the shares it owned at that time and entered into the standstill agreement the gillette board of directors has a regularly scheduled meeting this afternoon and gillette said it anticipates making a statement after that meeting reuter" }, { "label": 0, "text": "becor western bcw talks to fourth bidder becor western inc said it is talking with a possible fourth bidder for the company the company also said lynch corp lgl has renewed its offer for becor which was withdrawn last week talks with the possible bidder are expected to be concluded shortly becor said adding its board will evaluate all then existing offers at that time in the meantime the company said it plans today to adjourn further its meeting of stockholders to june that meeting was called to act on a merger agreement calling for a buyout by bcw acquisitions inc the third identified becor suitor is davis mining and manufacturing inc in fairfield n j lynch said its latest proposal calls lynch to own pct of becor s stock and becor holders to retain the other pct peviously lynch would have held about pct with becor holders receiving pct and becor management about half lynch said the proposal was changed because it believes becor s management needs more guidance in terms of financial structuring reuter" }, { "label": 0, "text": "s and w berisford wants to stay independent s and w berisford plc brfd l which has attracted takeover bids is making every possible effort to remain independent deputy chairman henry lewis said after the company announced interim results we ve taken specific steps to strengthen ourselves for this purpose he added referring to management changes and a corporate strategy of concentrating on four business sectors berisford aims to produced balanced earnings growth from a combination of commodities property financial services and food its industrial division with assets of about mln stg including debt is being reviewed and parts may be sold reuter" }, { "label": 5, "text": "fed s seger says foreign exchange markets showing signs of stability" }, { "label": 4, "text": "fed s seger says u s thrift industry needs stable interest rates" }, { "label": 5, "text": "fed governor seger sees currency stability federal reserve board governor martha seger said there were signs of helpful stability in foreign exchange markets in recent weeks i think we are beginning to see more calm in those markets seger told reporters after a speech to the u s league of savings institutions i think it is very healthy when you can get into a period of stability she said she said market forces have a major influence on exchange rates and said she did not know the right value for the dollar against the yen or the mark seger told the savings and loan executives that she was concerned about financial markets absorption with exchange rate influences i am concerned that we have gotten so nervous about exchange rates seger said she said the fed takes into account additional factors in determining monetary policy than the value of the dollar against other currencies on the economy seger called the latest figures in gross national product a modest upward revision reuter" }, { "label": 1, "text": "imperial oil raises crude oil postings canadian cts bbl light sweet now" }, { "label": 1, "text": "phillips raises crude oil posted prices cts bbl effective yesterday wti now dlrs" }, { "label": 0, "text": "usair u says dot public counsel backs merger usair group inc said the u s department of transportation s office of public counsel has urged that expedited non hearing procedures be used in its proposed acquisition of piedmont aviation inc pie the company said that america west airlines inc awal o was the only party voicing opposition to the acquisition the department of transportation had asked parties to submit statements by june either supporting or opposing the acquisition usair said it and piedmont again requested expedited approval for the acquisition the company said the office of public counsel could find no evidence that the acquisition would substantially lessen competition in any market reuter" }, { "label": 0, "text": "freedom federal frfe o seeks buyer freedom federal savings bank said it hired salomon brothers inc to solicit offers for the purchase of the bank as part of an ongoing review of methods to enhance shareholder value freedom federal operates retail branch banks and had year end assets of about mln dlrs there is no assurance the bank will receive acceptable offers or be sold but we feel this is a prudent step to take at this time the bank said reuter" }, { "label": 0, "text": "arco arc spin off seen at mln dlrs atlantic richfield co considering a spin off of a pct interest in its chemical operations could gain about mln dlrs from the deal industry analysts estimated yesterday arco s stock jumped as much as five points on rumors it was spinning off the chemical operations based on about mln outstanding shares the market in its frenzy was valuing the spin off at about mln dlrs analysts said atlantic richfield aware of the rumors issued a statement around mid day that it was considering a sale of only pct of the unit leading investors to take profits after the announcement the company s stock retreated closing at up today it was off it was a smaller deal than expected and somewhat disappointing said analyst george baker at smith barney he said rumors of the spin off had been around for a couple of days baker said the unit was very profitable but it wasn t getting the type of exposure atlantic richfield sought and its value was not reflected in the company s stock price industry analyst richard pzena of sanford c bernstein said the unit had operating earnings of mln dlrs last year and he expected it to earn about mln dlrs this year based on a multiple of times earnings which pzena says chemical companies now sell for the entire unit is worth about three billion dlrs putting the pct interest at around to mln dlrs pzena said he thought the company was selling the stake because chemical margins had peaked and he speculated the company would use the proceeds to pay down debt but he added the possibility remained the deal would fall through yesterday arco said the proposal had not yet been presented to its board the chemical unit last year had revenues of billion dlrs reuter" }, { "label": 1, "text": "shell canada shc raises crude cts canadian shell canada shc whose majority interest is owned by the royal dutch shell group of companies raised the postings of light sweet and sour crude oil from edmonton swann hills canadian cts a barrel effective today the new price for light sweet crude oil is canadian dlrs a barrel while the new price for light sweet sour crude is canadian dlrs a barrel the royal dtuch shell group owns pct of shell canada and public shareholders primarily canadian own the remaining pct of the company a shell canada spokesman said reuter" }, { "label": 1, "text": "union pacific raises crude oil postings cts a bbl effective yesterday wti to dlrs" }, { "label": 1, "text": "imperial oil imo a raises crude canadian cts canadian imperial oil pct exxon owned said it raised its posting for light sweet crude oil at edmonton by canadian cts a barrel effective today the company said its new posting for light sweet crude oil at edmonton is canadian dlrs a barrel reuter" }, { "label": 2, "text": "tultex corp ttx nd qtr may net shr cts vs cts net vs revs mln vs mln avg shrs mln vs mln six mths shr cts vs cts net vs revs mln vs mln avg shrs mln vs mln reuter" }, { "label": 1, "text": "diamond shamrock raises crude oil posted prices cts a bbl effective yesterday wti to dlrs" }, { "label": 2, "text": "poco petroleums ltd poc to nd qtr net period ended april shr not given net vs revs mln vs mln six mths shr cts vs cts net vs revs mln vs mln reuter" }, { "label": 1, "text": "coastal raises crude oil postings cts bbl yesterday wti to dlrs" }, { "label": 1, "text": "southland corp raised crude oil postings cts bbl wti now dlrs bbl" }, { "label": 1, "text": "murphy raises crude oil postings cts a bbl yesterday wti to dlrs" }, { "label": 1, "text": "permian raises crude oil postings cts a bbl wti to dlrs" }, { "label": 2, "text": "robert bruce industries bruca o st qtr loss qtr ends march shr loss dlrs vs loss cts net loss dlrs vs loss dlrs revs mln vs mln avg shrs vs note full name of company is robert bruce industries inc reuter" }, { "label": 2, "text": "evergood products corp evgd o year loss oper shr loss cts vs loss cts oper net loss dlrs vs loss dlrs revs mln vs mln reuter" }, { "label": 2, "text": "calstar inc csar o year april net shr primary cts vs dlrs shr diluted cts vs cts net vs revs mln vs mln avg shrs primary vs avg shrs diluted vs note latest net includes tax credits of dlrs vs dlrs reuter" }, { "label": 2, "text": "microdyne corp mcdy o nd qtr may three net oper shr nil vs profit one ct oper net profit vs profit revs vs six mths oper shr loss nine cts vs profit seven cts oper net loss vs profit dlrs revs dlrs vs mln note qtr and six mths excludes loss dlrs and dlrs respectively for loss from discontinued operations reuter" }, { "label": 2, "text": "major video corp majv o year april net shr cts vs cts net vs revs mln vs note latest year includes three cent per share loss from discontinued operations while prev year includes seven cent per share tax credit reuter" }, { "label": 1, "text": "southland slc unit raises crude cts bbl southland corp s subsidiary citgo petroleum said it raised its posted prices for crude oil across the board by cts a barrel effective june citgo said its new posting for west texas intermediate and west texas sour is dlrs a barrel light louisiana sweet is now posted at the company said reuter" }, { "label": 0, "text": "hollinger hlg to completes unimedia takeover hollinger inc said it completed the previously reported acquisition of privately held unimedia inc the owner of three french language daily newspapers and four printing plants in ontario and quebec the company which owns pct of daily telegraph plc said it named former carling o keefe ltd chief executive pierre des marais as chief executive of la societe media quebec the unit acquiring unimedia it said his appointment is effective july reuter" }, { "label": 2, "text": "a g edwards inc age st qtr may net shr cts vs cts net vs revs mln vs mln avg shrs vs reuter" }, { "label": 1, "text": "murphy oil mur raises crude postings murphy oil said it increased its crude oil posted prices by cts a barrel effective june the company said its new posting for west texas intermediate and west texas sour is dlrs a barrel light louisiana sweet crude is now dollars a barrel the company said increases follow a general trend in the industry started yesterday by sun co reuter" }, { "label": 1, "text": "phillips petroleum p raises crude postings phillips petroleum co said it raised its crude oil posted prices for west texas intermediate and west texas sour by cts a barrel effective june the company said the new posted price for wti and wts is dlrs a barrel the increase is in reaction to sun co raising postings similarly yesterday reuter" }, { "label": 1, "text": "petro canada raises crude postings cts canadian bbl sweet crude at dlrs canadian bbl" }, { "label": 1, "text": "union pacific unp raises crude oil prices union pacific resources formerly champlin petroleum said it raised posted prices for crude oil by cts a barrel effective yesterday the price increase brings west texas intermediate the u s benchmark grade to dlrs a barrel the posted price increase follows a similar move by several other oil companies sun co was the first to raise crude oil postings yesterday afternoon and today many other companies are following the last price increase made by oil companies was around may reuter" }, { "label": 1, "text": "marathon raises crude oil postings cts bbl wti now dlrs" }, { "label": 0, "text": "becor western bcw again adjourns holder meeting becor western inc said its reconvened shareholders meeting has been adjourned to cdt june the company had previously announced plans to again adjourn the meeting following receipt of a renewed offer from lynch corp lgl yesterday the meeting was originally convened on june four when shareholders approved the sale of becor s western gear corp subsidiary before adjourning the remaining matter to be presented is the proposed acquisition of becor by bcw acquisition inc now one of four offers for the company reuter" }, { "label": 1, "text": "coastal cgp crude posting up cts bbl coastal corp cgp said it raised the postings of crude oil cts a barrel across the board effective yesterday june the new price for west texas intermediate is dlrs a barrel for west texas sour the new price is dlrs a barrel reuter" }, { "label": 1, "text": "national intergroup nii unit raises crude prices permian corp a subsidiary of national intergroup said it raised its crude oil postings by cts a barrel effective june the company said its new posted price for west texas intermediate and west texas sour is dlrs a barrel while light louisiana sweet is now the price hike follows other increases industrywide reuter" }, { "label": 2, "text": "standard commercial stob o th qtr net qtr ended march shr cts vs cts net vs revs mln vs mln year shr dlrs vs dlrs net mln vs mln revs mln vs mln note full name is standard commercial tobacco co latest qtr and year includes tax loss carryforwards of dlrs and dlrs respectively and a loss of dlrs for discontinued operation prev qtr and year includes tax loss carryforwards of dlrs and dlrs respectively reuter" }, { "label": 1, "text": "petro canada crude up cts canadian bbl petro canada a state owned oil company raised the posting prices of sweet and sour crude oils cts canadian per barrel effective today the company said the change brings the price of light sweet crude to dlrs canadian per barrel and the price of light sour crude to dlrs canadian a barrel the crude oils are from edmonton swann hills reuter" }, { "label": 1, "text": "u k court rules against rtz on oil field costs the u k high court dismissed an appeal by rio tinto zinc corp plc s rtzl l rtz oil and gas ltd unit and ruled that the financial provisions a company makes for the future cost of abandoning an oil field are not tax deductible the press association reported the company was appealing against a decision of the tax commissioners that any such provision was a capital expenditure not a revenue expenditure and was not deductible the court was told that since the company had made an annual provision of around stg for the eventual cost of abandoning a rig an rtz spokesman said the ruling was not worrying as the subsidiary had assumed that the provisions were not deductible from corporation tax payable it would have been a bonus if the company had won but all budgeting had been on the assumption that it would not he said oil analysts said that rtz s assumption of liability was shared by the industry as a whole the ruling appeared to mean that tax relief on the expensive process of abandoning rigs would apply when the expense occurred not when provisions for future expenses were built into the accounts one analyst added reuter" }, { "label": 0, "text": "southmark sm acquires berg ventures southmark corp said it acquired berg ventures inc which manages apartment complexes with over units and shopping centers stretching from new jersey to florida that are controlled or affiliated with berg harmon associates terms were not disclosed southmark said the acquisition makes it the nation s largest apartment management firm with over units under its wing southmark also said it has become the managing partner of berg harmon associates over berg harmon limited partners have made capital investments of over mln dlrs in the properties now managed by southmark reuter" }, { "label": 2, "text": "klm net profit declines in year amsterdam june year ended march net profit mln guilders vs mln profit per guilder nominal ordinary share guilders vs on unchanged mln shares operating revenues billion guilders vs billion profit on sale of fixed assets mln guilders vs mln dividend eight pct or guilders per ordinary share vs same and five pct vs same for priority and preferential shares costs including depreciation billion guilders vs billion financial charges mln vs mln profit from participations mln vs mln extraordinary gain one mln vs nil note the company was not required to pay corporation tax in the book year thanks to fiscal compensation possibilities the full company name is koninklijke luctvaart maatschappij nv klm as klm released provisional figures on may these were net profit mln guilders vs mln operating revenues billion guilders vs billion reuter" }, { "label": 0, "text": "may ma won t buy allied s dey brothers stores may department stores co said it terminated an agreement with allied stores corp to buy from allied the four dey brothers stores in syracuse n y may and allied said conditions necessary for the closing were not met may had planned to make the acquisition an expansion of its sibley s department store co which operates in syracuse rochester and buffalo n y reuter" }, { "label": 1, "text": "unocal raised crude oil postings cts bbl wti now dlrs bbl" }, { "label": 1, "text": "unocal ucl raised crude oil postings by cts bbl unocal said it raised its postings for crude oil by cts a barrel effective june the company said it is now posting west texas intermediate and west texas sour at dlrs a barrel unocal said its new light louisiana sweet posted price is dlrs a barrel the price move follows a wave of increases initiated by sun co yesterday reuter" }, { "label": 1, "text": "diamond shamrock drm raises crude postings diamond shamrock r and m said it raised its crude oil contract prices by cts a barrel effective june the company said its new posting for west texas intermediate crude is dlrs a barrel the price increase follows similar moves by several other companies reuter" }, { "label": 0, "text": "xerox xrx affiliate to sell s african unit xerox corp s affiliate rank xerox ltd said it signed a definitive agreement to sell its rank xerox south africa pty ltd affiliate to altron group alrn o for undisclosed terms xerox said the preliminary agreement to sell the affiliate to fintech an altron unit had been reached in march xerox said completion of the sale awaits approval of fintech shareholders and a review by the johannesburg stock exchange rank xerox south africa was founded in as a wholly owned unit of rank xerox the xerox affiliate that manufactures and markets xerox products in the eastern hemisphere rank xerox said that of the man workforce of rank xerox south africa pct are black colored or asian the company will become a wholly owned unit of altron reuter" }, { "label": 2, "text": "monolithic memories inc mmic o rd qtr net qtr ended june shr six cts vs cts net vs sales mln vs mln nine mths shr cts vs cts net vs sales mln vs mln reuter" }, { "label": 1, "text": "dupont unit raises crude oil postings cts bbl effective yesterday" }, { "label": 2, "text": "applied solar energy corp solr o nd qtr net qtr ended may oper shr profit three cts vs loss five cts oper net profit dlrs vs loss revs vs six mths oper shr profit ten cts vs loss cts oper net profit vs loss revs mln vs note oper data does not include extraordinary gain of dlrs or one ct per shr in nd qtr or or dlrs or four cts per shr in six mths reuter" }, { "label": 2, "text": "convergent solutions inc csol o nd qtr net march end shr profit cts vs loss two cts net profit vs loss sales vs avg shrs vs st half shr profit cts vs profit nil net profit vs profit sales vs avg shrs vs note prior half net includes dlr tax credit reuter" }, { "label": 2, "text": "barricini foods inc st qtr loss shr loss three cts vs loss three cts net loss vs loss sales vs avg shrs vs reuter" }, { "label": 7, "text": "european community criticises u s trade measures the european community ec accused the united states of violating a political commitment to free trade through practices including a tax on imported gasoline and a customs user fee ec ambassador tran van thinh made the formal charge to the surveillance body of the general agreement on tariffs and trade gatt gatt spokesman david woods told reporters woods also said the ec was joined by the united states in criticising brazil for extending its list of products for which import licenses have been temporarily suspended so as to improve its balance of payments the united states charged japan with violating gatt rules by restricting imports of agricultural products through an import licensing system the united states asked for consultations with tokyo on the issue tran charged that the trade measures contravened a political commitment to halt and reverse trade barriers pledged by ministers in punta del este last september when ministers established the four year uruguay round to negotiate freer trade in areas they set up the gatt surveillance body to monitor this commitment known in gatt jargon as standstill and rollback tran criticised washington for the superfund tax on oil imports a customs user fee and the removal of a special machine tool known as category fsc from its government procurement list for reasons of national security warren lavorel a u s trade official defended the policies saying they did not violate gatt trade rules the surveillance body will send a record of today s talks to the trade negotiating committee which oversees the round to decide any further action on the charges the oil tax and customs user fee have already been the subject of formal gatt dispute panels set up outside the uruguay round to rule on the legality of the practices the ruling gatt council yesterday adopted a dispute panel s report and ruled that the u s superfund tax on oil imports breached trade rules it called on washington to modify its legislation mexico and canada along with the european community brought the dispute to the gatt last year reuter" }, { "label": 1, "text": "dupont unit raises crude oil postings conoco inc a subsidiary of dupont denemours dd said it raised the contract price it will pay for all grades of crude oil cts a barrel effective yesterday the increase brings conoco s posted price for west texas intermediate to dlrs a barrel the west texas sour grade at api now stands at dlrs a barrel light louisiana was also raised cts to dlrs barrel conoco last changed its crude postings on may reuter" }, { "label": 0, "text": "allegheny international ag sells three units allegheny international inc said it has sold its chemetron railway products inc true temper railway appliances inc and allegheny axle co units to newly formed chemetron railway products inc for undisclosed terms it said the new company was formed by senior management of the three railway product units and kleinwort benson group of london reuter" }, { "label": 6, "text": "rio de janeiro dockers strike over wages rio de janeiro s dockworkers went on strike for an indefinite period today to demand wage increases a spokesman for the dockers said the rio dockers did not get support from their colleagues in santos brazil s main port but the spokesman said they would not return to work unless their demands were met earlier this week some dockworkers cancelled a scheduled national strike to pressure port officials to give them a wage increase and other benefits a rio port spokesman said the halt would cause daily losses of about u s dlrs reuter" }, { "label": 0, "text": "gencorp said agreement to sell rko pictures terminated" }, { "label": 0, "text": "leaseway transportation ltc completes unit sale leaseway transportation corp said it has completed the previously announced sale of its leaseway of puerto rico inc subsidiary to caguas central federal savings bank for undisclosed terms the company said the sale satisfied a condition for its proposed acquisition by an investor group led by citicorp cci reuter" }, { "label": 0, "text": "magellan sets merger with balzac investments magellan corp said its shareholders approved the merger of magellan with balzec investments inc a privately held company based in dallas magellan a company without operations that was formed to acquire an operating entity said it plans to engage in the development and marketing of a battery charger product owned by balzac magellan did not disclose the terms of the agreement following the merger balzac shareholders will hold pct of the outstanding stock of magellan the company said magellan said it will be the surviving corporation following the merger the companies said they expect the merger will occur after the declaration of effectiveness of an amendment to magellan s registration statement relating to its common stock purchase warrants and the underlying shares reuter" }, { "label": 0, "text": "gencorp gy says rko unit sale terminated gencorp said its agreement to sell its rko pictures subsidiary to a management group has been terminated because the group could not raise the necessary financing the company said it will again seek buyers for the unit and its library of over films reuter" }, { "label": 6, "text": "rio de janeiro dockers strike rio de janeiro s dockworkers went on strike for an indefinite period today to demand wage increases a spokesman for the dockers said the rio dockers did not get support from their colleagues in santos brazil s main port but the spokesman said they would not return to work unless their demands were met earlier this week some dockworkers cancelled a scheduled national strike to pressure port officials to give them a wage increase and other benefits a rio port spokesman said the halt would cause daily losses of about u s dlrs reuter" }, { "label": 7, "text": "u s said unfairly protecting defense industry britain s defence minister george younger said the u s was unfairly protecting its defence industry and this could lead to british firms demanding counter measures younger told a u s chamber of commerce meeting that u s legislators were failing to realise the true nature of the two way street in terms of ideas technology and equipment a british parliamentary report said that up to march british firms had been awarded just mln dlrs worth of contracts for the strategic defence initiative compared with the billion dlrs britain had hoped to secure the committee said u s technology export restrictions and selectiveness towards foreign contractors had denied british competitors more lucrative orders and largely excluded them from technological research for sdi younger said london had given u s companies contracts under conditions of fair and open competition all we ask is for our companies to be given similar opportunities he added if new american legislation aimed at curbing unfair subsidies was used to exclude foreign suppliers it would not be surprising if british firms pressed for retaliatory measures younger said reuter" }, { "label": 2, "text": "godfrey co gdfy o st qtr may net shr cts vs cts net vs sales mln vs mln reuter" }, { "label": 2, "text": "rochester community savings bank rcsb o nd second quarter ended may shr cts vs na net mln vs six mths shr cts vs na net vs note year ago per shr figures not available as bank converted to stock ownership april nd quarter and six mth net excludes dlrs or cts a share and dlrs or cts a share respectively for tax carryforwards nd qtr and six mth net excludes dlrs and dlrs respectively for tax carryforwards reuter" }, { "label": 0, "text": "pennwalt psm to make acquisition pennwalt corp said it has agreed in principle to acquire a line of fungicides insecticides and herbicidesand related manufacturing facilities from le raffineries de soufre reunies of marseilles for undisclosed terms subject to approval by bothe boards and government authorities the company said the acquired products are sold mostly in france for use on grapevines wheat and sugar beets and sales are about mln dlrs annually reuter" }, { "label": 0, "text": "leader development ldco o merger approved leader development corp said shareholders at the annual meeting approved the acquisition of privately held clinton american corp and two related partnerships for common shares with the transaction to be accounted for as a pooling of interests the company said clinton president f daniel ryan will become president of leader reuter" }, { "label": 0, "text": "crane cr acquires assets of marley unit crane co said it acquired certain assets of chicago heater co inc a wholly owned subsidiary of the marley co the terms of the transaction were not disclosed chicago heater will be intergrated with crane s cochrane environment systems division the company said reuter" }, { "label": 4, "text": "canada bank rate rises to pct canada s bank rate rose marginally to pct from pct last week bank of canada said the bank rate is set one quarter percentage point above the average yield on the weekly issue of day treasury bills this week s yield was pct compared with the previous week s pct tenders were accepted for billion dlrs of day bills at an average price of dlrs against dlrs last week the billion dlrs of day bills were priced at an average dlrs against dlrs last week to yield an average pct against pct last week the mln dlrs of day bills were priced at an average dlrs against dlrs last week to yield an average pct against pct last week tenders will be received next week for billion dlrs of day bills billion dlrs of day bills and mln dlrs of day bills reuter" }, { "label": 0, "text": "pengo pgo to sell some wireline operations pengo industries inc said it has agreed to sell its wireline products manufacturing division in fort worth texas wireline services division operations in several locations and pengo international inc subsidiary to john wood group plc for undisclosed terms the company said the wireline services operations being sold are in lafayette houma and harvey la alvin odessa and longview texas and moore okla pengo said its kuykenball slickline operation in moore and surplus wireline equipment operations in fort worth and cleburne texas will be sold separately reuter" }, { "label": 0, "text": "magic years kids o to acquire three centers magic years child care and learning centers inc said it signed a letter of intent to acquire three profitable day care centers in south central pennsylvania for a total price of dlrs the three privately owned centers had aggregate revenues of dlrs in with profits of six thousand dlrs the company said the transaction is scheduled to close in early july the company said reuter" }, { "label": 0, "text": "cbc bancorp to be acquired by union planters cbc bancorp inc said it will be acquired by the memphis based union planters corp upcm o in a merger agreement details were not disclosed cbc which is the holding company which owns cookeville s citizens bank said it has signed an agreement which would merge cbc with union which has billion dlrs in assets according to cbc union reported shareholders equity of nearly mln dlrs for the period ending march cbc said the merger will not affect citizens banks name management board of directors or employees reuter" }, { "label": 0, "text": "tie communications tie renews agreements tie communications inc said it has renewed agreements to sell its gte corp gte bell atlantic corp bel nynex corp nyn and us west inc usw for two years the company is providing small to mid siezed key telephone systems to gte and key systems hybrids and data star pabx systems to the others reuter" }, { "label": 0, "text": "gillette gs seen object of global bidding war ronald perelman head of revlon group inc rev may be trying to ignite a bidding war for gillette co that could draw some big international players and in the process make a lot of money for himself wall street analysts said several hours before a regularly scheduled board of directors meeting gillette disclosed that perelman requested consent of its board for an offer of at least dlrs per share perelman needed the consent because he agreed in november not to buy stock for years without permission i think ronald perelman is less interested in gillette and more interested in putting gillette into play because he stands to make a ton of money said andrew shore analyst at shearson lehman brothers inc in play is a term used on wall street to describe what happens when a company becomes an unwiling takeover target shore noted that according to the agreement revlon gets paid if there is any acquisition of gillette through november of this year at a price higher than dlrs per share gillette rose three to today following a gain of three yesterday the agreement would be calculated on the basis of perelman s previous holding of mln shares adjusted for a split for example a deal between gillette and some other company at dlrs per share would make revlon richer by mln dlrs under the formula neither perelman nor his spokesmen returned telephone calls seeking comment revlon stands to make a substantial amount of money if someone else takes over gillette said analyst deepak raj of merrill lynch and co i m not saying that is going to happen but gillette is an undervalued stock with a breakup value of dlrs per share shore of shearson lehman said there are a couple of reasons why perelman may not be really interested in acquiring gillette he said perelman in the process of taking revlon private after acquiring control of the cosmetics company two years ago probably wants to concentrate on improving revlon s operations he s trying to overhaul and improve the image of the dearptment store business another reason is that revlon has recently made two other acquisitions under those circumstances shore would not be surprised if some company such as unilever plc un as or procter and gamble co pg decided to take a look at gillette shore mentioned half a dozen other potential buyers for gillette including sir james goldsmith hanson trust plc han rjr nabisco inc rjr american brands inc amb and ralston purina co ral perelman is trying to put the company in play said a wall street arbitrageur he gets to share in the upside if the company is sold another arbitrageur said he expects gillette to resist perelman s overture i can t see the board consenting what has changed between november and now he said another arbitrageur said he was not sure what was going on perelman never does anything without a fair amount of calculation he said but he added the gillette board has to be careful they just can t say no or they ll be sued by shareholders gillette s board was still meeting at edt three and one half hours after the scheduled starting time according to a copy of perelman s letter released by gillette he would be prepared to sign a defnitive merger agreement without any financing condition he said citibank n a is his lead lender and first boston inc is his financial adviser reuter" }, { "label": 2, "text": "agf management ltd six mths may net shr cts vs cts net vs revs mln vs mln reuter" }, { "label": 2, "text": "data med clinical support dmcs o st qtr loss period ended may shr loss five cts vs loss cts net loss vs loss sales vs note full name is data med clinical support services inc per share data adjusted for three for one stock split payable june the only sales reflected in fiscal period are sales recorded subsequent to the may acquisition of the assets of a predecessor company by data med reuter" }, { "label": 0, "text": "nova corp says it is considering a takeover bid for dome petroleum" }, { "label": 0, "text": "carter hawley chh sets record date for vote carter hawley hale stores inc said it has set june as the record date for shareholders voting on the company s proposed restructuring at its annual meeting the company has yet to set a date for the meeting but has said it will be held before the end of august under the proposal carter hawley would split into a specialty store company and a department store company shareholders would get dlrs in cash and a share in each of the two new companies for each existing common share they hold the restructuring was announced in december after carter hawley rejected a buy out offer by retail partners reuter" }, { "label": 0, "text": "allegheny ai sells three industrial units allegheny international inc said it sold three of its industrial units which served the railroad industry to chemetron railway products inc a senior management group of allegheny terms of the transaction were not disclosed included in the sale were chemetron railway products true temper railway appliances inc and allegheny axle co the company said the three units include plants throughout the u s the company said reuter" }, { "label": 0, "text": "nova nvaa to considering bid for dome dmp nova corp is considering a takeover bid for dome petroleum ltd either alone or as part of a consortium nova chairman bob blair said we are thinking about making an offer to dome or amoco canada petroleum co ltd or the creditors blair told reporters before the annual meeting amoco canada is a unit of amoco corp an which has made a billion dlr acquisition offer for dome there is ongoing serious thought applied to dome in nova and in husky but no decision of substance as to future action has been taken in either company blair said nova owns pct of husky oil ltd hyo to blair also said that nova has made no decision as to whether it would want to be lead partner in a joint purchase of dome he added that some of the discussions with other parties about dome included transcanada pipelines ltd trp but refused to name the other participants reuter" }, { "label": 0, "text": "investment firm raises tvx tvxg o stake wedge group inc a houston investment firm said it raised its stake in tvx broadcast group inc to shares or pct of the total outstanding common stock from shares or pct in a filing with the securities and exchange commission wedge said it bought tvx common shares at prices ranging from to dlrs a share reuter" }, { "label": 0, "text": "group raises nash finch nafc o stake a group including members of the sobey family of nova scotia and empire company ltd said it raised its stake in nash finch co to shares or pct of the total outstanding from shares or pct in a filing with the securities and exchange commission the group said it bought nash finch common shares between april and june reuter" }, { "label": 7, "text": "u s canada ties seen worse without trade pact u s canadian ties could worsen if the two nations are unable to reach a free trade pact according to a study published by two nonpartisan public policy research groups the cato institute of washington and the fraser institute of vancouver said removing the remaining tariffs on cross border trade would benefit both countries but cato chairman william niskanen added the two nations generally harmonious trade relations are probably not sustainable without a new agreement the united states and canada whose cross border trade totaled about billion dlrs last year have been holding talks since last june on a pact to end the few trade barriers remaining between their two countries the u s put a deadline on the talks of october but both sides have said an agreement is likely despite tough bargaining remained niskanen said if no pact is reached bilateral trade ties could deteriorate because of congressional pressure on president reagan to implement trade laws more aggressively and this could hit some canadian trade practices he noted canada is seeking foreign investment in its auto industry which could put strains on the considerable bilateral free trade in u s and canadian autos and parts niskanen also said the canadian government is vulnerable to a resurgence of economic nationalism which could restrict u s exports to canada a free trade pact backed by president reagan and prime minister brian mulroney would open new markets for canada and enable its industries to achieve economies of scale which would also help it widen exports worldwide he said it would also increase the gross national products of both countries niskanen said the goal of a pact should be to end all tariffs within years lower subsidies on exports set rules for trade in services and investments end curbs on government procurement and agree ways to resolve trade disputes reuter" }, { "label": 2, "text": "mark s work wearhouse mww to st qtr loss period ended may shr loss four cts vs loss three cts net loss vs loss revs mln vs mln note full name mark s work wearhouse ltd reuter" }, { "label": 0, "text": "squibb sqb said not interested in buying cetus robert fildes president and chief executive of cetus corp ctus o told reuters that squibb corp is not interested in buying cetus earlier the companies said squibb would buy from cetus a five pct equity postion in cetus for about mln dlrs this is not an attempt by squibb to become a major majority holder in cetus fildes told reuters in an interview squibb has not approached us with any indication that they want to acquire us and we wouldn t be interested in that kind of arrangement said fildes squibb could not be reached to comment on the late comments by fildes squibb is cetus first pharmaceutical partner and the only one to own an equity position in cetus eastman kodak co ek and w r grace wr both have joint ventures with cetus but neither owns an equity position in the company said fildes cetus has a venture with kodak to develp diagnostic products and with grace to develop agricultural products earlier squibb and cetus announced in a joint statement an agreement in principle to form a joint venture to develop new biotechnology products in several fields as part of the deal squibb will license several of cetus anticancer agents including interleukin in development squibb will sell the drugs only in japan and other markets but not in north american and western europe we wouldn t have done this deal had it not been understood that cetus wants to build its own fully integrated business in north america and europe said fildes he said squibb was the good partner because squibb has a major joint venture in japan and has sales capabilities of its own in that market fildes said cetus has shunned licensing arrangements with pharmaceutical companies because it wanted to build its own business many large corporations have invested in small biotech firms but squibb s investment in cetus is the first it has made in biotechnology fildes said that was attractive to cetus because it wanted a partner that didn t have a relationship with a large number of other biotechnology companies fildes said his strategy was to have partners in non drug areas like diagnostics and agriculture but to keep the biggest developments in anticancer drugs to ourselves fildes said the partnership with squibb would be used to broaden the company s reach in such big money making areas as the cardiovascular anti infective and the anti inflammatory markets squibb is also investming mln dlrs in cetus research over the next five years squibb is putting up over mln dlrs in research and development to make it happen while the equity position part of the package is simply to demonstrate the seriousness of this partnership said fildes reuter" }, { "label": 2, "text": "tri star pictures inc trsp o st qtr may shr four cts vs four cts net vs revs mln vs mln avg shrs mln vs mln note company changed its fiscal year from december to the last day of february thus results of operations for the year ago period have been restated to reflect this change current first quarter includes results of operations of loews theatre management corp which tri star acquired december reuter" }, { "label": 4, "text": "anz banking group says it will cut prime rate to pct from on june" }, { "label": 4, "text": "anz banking group cuts prime rate to pct the australia and new zealand banking group ltd anza s said it will cut its prime rate to pct from effective june the cut takes the anz s prime to the lower end of the range of prime rates being offered by australian trading banks the highest rate is pct the cut follows announcements of cuts yesterday by citibank ltd to pct from effective today and commonwealth bank of australia to pct from effective june reuter" }, { "label": 2, "text": "national semiconductor corp nsm fourth quarter shr profit six cents vs loss net profit mln dlrs vs loss mln sales mln vs mln avg shrs mln vs mln year shr loss cents vs loss dlrs net loss mln dlrs vs loss mln sales billion vs billion avg shrs mln vs mln note current year figure includes previously announced mln dlr restructuring charge figures include extraordinary credit from tax benefit of mln dlrs in quarter vs mln a year earlier and mln for year vs mln year earlier the year net reflects mln dlr gain from cumulative effect of accounting change reuter" }, { "label": 7, "text": "shultz warns asean of looming trade problem u s secretary of state george shultz warned members of the association of southeast asian nations asean they could no longer rely on increased exports to the u s for growth given the importance of exports particularly export manufactures to all of your countries you are going to have to work hard to diversify your markets he said while you may be able to maintain your current market share in the u s you clearly will not be able to look to the u s to take major increases in your exports he added shultz told the foreign ministers of brunei indonesia malaysia the philippines singapore and thailand the u s would cut its huge foreign trade deficit more rapidly than many now believed he said asean s looming trade problems would not necessarily stem from protectionist legislation now being contemplated by congress but simply because of the adjustments the u s economy will have to make in order to service our large and growing external debt shultz said the u s deficit had resulted not from falling exports but from higher imports that had fuelled world growth reuter" }, { "label": 0, "text": "mitsui buys five pct stake in u s chip maker mitsui and co ltd mits t paid mln dlrs in early may for a five pct stake in zoran corp a california based maker of large scale integrated circuits lsi with computer graphic communications and medical applications a mitsui spokesman told reuters he said the two firms will form a marketing company in japan as early as next year although details of the joint venture are not yet fixed mitsui expects last year s billion yen japanese lsi market to grow quickly zoran was founded in and now has about employees he said reuter" }, { "label": 7, "text": "japan s june interim trade surplus narrows japan s custom cleared trade surplus narrowed to billion dlrs in the first days of june from billion a year earlier the finance ministry said the june interim surplus compares with a billion dlr surplus in the same may period fob exports in the first days of june rose pct from a year earlier to billion dlrs while cif imports rose pct to billion the average yen dollar rate used for the figures was yen against a year earlier reuter" }, { "label": 2, "text": "c itoh and co ltd citt t year ended march group shr yen vs net billion vs billion pretax billion vs billion operating billion vs billion sales billion vs billion reuter" }, { "label": 0, "text": "sainsbury s says it taking control of shaw s supermarkets for dlrs a share" }, { "label": 0, "text": "sainsbury s taking control of shaw s supermarkets j sainsbury plc snb l said it agreed to take control of the u s shaw s supermarkets inc through a combination of share purchases and a tender offer at dlrs a share sainsbury bought about pct of the stock in it said its u s subsidiary chene investments inc bought mln common shares from the controlling davis family yesterday at dlrs a share for mln dlrs lifting its stake to pct a tender offer for the outstanding shares will be launched also at dlrs a share for a maximum further cost of mln the shaw s board and the davis family has agreed to accept the offer thus assuring sainsbury s a total holding of pct the company had allotted mln new ordinary shares to warburg securities ltd which it said would be sufficient to finance about mln dlrs of the maximum mln dlrs payable shaw s operates a chain of supermarkets in massachusetts maine and new hampshire which in produced sales of billiob dlrs and pretax profit of mln at the end of it had net assets of mln dlrs last september sainsbury s increased its stake in shaw s to pct in the year to march it reported a rise in pretax profit to mln stg from mln on sales that increased to billion from billion sainsbury shares had fallen five pence before the announcement to p from last night s close but were unmoved by news of the deal reuter" }, { "label": 2, "text": "isuzu motors ltd isum t six months to april parent shr loss yen vs profit interim div nil vs nil net loss billion vs profit billion current loss billion vs profit billion operating loss billion vs profit billion sales billion vs billion outstanding shrs mln vs mln reuter" }, { "label": 7, "text": "japan must try harder to cut surplus minister japan must try harder to reduce its trade surplus or the yen will come under renewed upward pressure economic planning minister tetsuo kondo he told a press luncheon he hoped japan could cut its current account surplus by some billion dlrs a year until it is reduced to some to billion dlrs in the fiscal year ended march the surplus totalled billion dlrs or about pct of gnp the billion yen economic stimulation package the government unveiled late last month would help slash japan s current account surplus by five to six billion dlrs he said reuter" }, { "label": 1, "text": "sri lanka plans to renew abu dhabi oil contract ceylon petroleum corp cpc has decided to renew its one year contract with abu dhabi for tonnes of upper zakum crude oil cpc officials told reuters they said cpc made the recommendation to the cabinet and is now awaiting its approval cpc s one year contract with abu dhabi expired on may this year and it wants the renewed contract to begin on june at the government selling price delivery will be determined in the course of the year last year shipments were in three parcels of tonnes each and four of tonnes each cpc officials also said the company agreed with the egyptian government for the supply of tonnes of gulf of suez crude for delivery in two shipments this year at the government selling price last year cpc bought tonnes gulf of suez through c itoh officials said plans to buy tonnes of basra light from iraq have not been finalised yet because of several constraints cpc said it could not accept tonne parcels and proposed to lift tonnes in eight shipments iraq national oil co inoc told cpc a red sea port where lifting was to take place could not accept small ships inoc then proposed to deliver eight shipments of tonnes each cpc said inoc planned to ship the oil to an indian port for delivery of indian requirements later going to colombo to offload cpc s needs but cpc considered this unsuitable cpc said it had not received a reply from inoc since december sri lanka imports all its annual needs of mln tonnes this year it plans to buy tonnes on the spot market compared with about mln tonnes last year reuter" }, { "label": 6, "text": "taiwan s evergreen line to go public liner shipping specialist evergreen marine corp taiwan s largest private company has applied to the security and exchange commission to go public next month a company spokeswoman told reuters she said evergreen had doubled its capital to eight billion taiwan dlrs since last august the capital increase will boost our operations she said she said evergreen will use the funds raised from the stock market to buy new ships and step up its global services the spokeswoman said the company posted an after tax profit of more than one billion dlrs last year on total revenues of billion compared to an after tax profit of billion on revenues of billion in evergreen has placed newbuilding orders for three teu twenty foot equivalent unit fully cellular container ships with the state owned china shipbuilding corp for delivery in late evergreen has a fleet of container vessels totalling more than two mln dwt the spokeswoman said reuter" }, { "label": 0, "text": "bpcc planning sale of packaging operations the british printing and communication corp plc bpl l is considering selling its specialist packaging and labelling operations a spokeswoman said she gave no dates or prices for the transaction but said the units would be sold by negotiation she declined to give any turnover or profit figures for the packaging and labelling operations beyond saying that they were very profitable they formed a self contained part of the overall group she said analysts said the packaging and labelling division could be sold for up to mln stg earlier this week group chairman robert maxwell also said it expected to float its mirror group newspaper subsidiary bought from reed international plc reed l for mln stg in the spokeswoman said that bpcc intended to keep a majority share in the newspaper group if it was floated bpcc is currently locked in legal battles resulting from its attempt to take over u s publisher harcourt brace jovanovich inc hbj earlier this week bpcc launched a two for three rights issue to raise mln stg and said the money raised would enable it to renew its assault on harcourt it has also expressed interest in dutch publisher kluwer nv kluw as reuter" }, { "label": 6, "text": "belgian one day strike hits transport shipping a hour strike by belgian public employees protesting against a government pay offer disrupted transport and hit ferry services and shipping port and union officials said some cross channel ferry services from ostend were cancelled the local news agency belga said an antwerp port authority spokesman said electricians came out in support reducing ship movements to a trickle unions said ghent and other major belgian ports were also hit few trains were running and some early morning flights by sabena belgian s national airline were cancelled reuter" }, { "label": 6, "text": "china resumes ussr ship repairs after year gap china has resumed repairs of soviet ships after a year break caused by the ideological split between the two countries the new china news agency said an agreement to resume the business was signed by the two sides on wednesday in shanghai where three soviet commercial vessels were being repaired the china daily said the first two soviet ships to be repaired in china since left the ports of dalian and xingang last month bi yueran managing director of china state shipbuilding corp s ship repair department told the newspaper the soviet union lacked adequate repair facilities for the more than ships deployed in the far east bi said china s yards offered competitive prices guaranteed quality and prompt delivery reuter" }, { "label": 0, "text": "fidelcor ficr o buys new england bkne o stake fidelcor inc said it has acquired a substantial portion of the assets of bank of new england corp s lazere financial corp subsidiary for undisclosed terms the company said the transaction includes most of lazere s loan portfolio and other assets including lazere s miami office reuter" }, { "label": 0, "text": "chrysler agrees to acquire electrospace systems for mln dlrs" }, { "label": 4, "text": "top discount rate at u k bill tender rises to pct" }, { "label": 6, "text": "spain cargo firms hire dockers to offset strike cargo handling companies said they were hiring twice the usual number of dockers to offset an intermittent strike in spanish ports spanish dockers began a nine day strike on wednesday in which they only work alternate hours in protest at government plans to partially privatize port services reuter" }, { "label": 0, "text": "chrysler c to tender for electrospace ele chrysler corp said electrospace systems inc agreed to be acquired under a merger agreement in which chrysler will tender dlrs a share for pct of the richardson texas based defense electronics contractor it said total cost to chrysler to buy all of the outstanding stock would be about mln dlrs electrospace systems designs develops and installs communications and electronic systems and equipment for the specialized needs of military and commercial customers worldwide chrysler said electrospace will help its gulfstream operations grow in military and commercial aircraft sales but it said there are no plans to merge gulfstream and electrospace rather they will operate as sister companies it said chrysler said its tender offer is expected to begin by june and will be managed by first boston corp for the fiscal year ended april electrospace systems had earnings of mln dlrs on sales of mln dlrs the company employs people about pct of its sales were to the military reuter" }, { "label": 1, "text": "opec president lukman expects short calm meeting opec conference president rilwanu lukman said he expects next week s ministerial meeting in vienna to be brief and calm and that opec s current price and production agreement may only need a slight review i expect the meeting in vienna to be short and calm lukman who is also nigerian oil minister told reporters here ahead of his departure on sunday for the conference which starts june we already have an agreement which may need only a slight review lukman said the agreement reached at a long session of opec ministers in december last year pegged the group s crude oil output at mln bpd for first half at fixed prices of around dlrs a barrel since then prices have risen from dlrs in december to just above the official opec levels with oil industry analysts firmly convinced the organisation will maintain the agreement to keep the market stable i myself believe that opec will tend to take a position to strengthen the gains we have made so far lukman said he declined to say if the current ceiling should be maintained or raised to mln bpd for the third quarter and mln for the fourth as provisionally agreed last december whatever decision we arrive at will be guided by our collective will to keep the market strong he said he said non opec member norway which he visited two weeks ago had pledged further cooperation with the group and this was significant for its members lukman said heavy destocking by consumers early this year when opec s fixed price regime came into effect and a restocking now for the winter was responsible for current market strength reuter" }, { "label": 0, "text": "davis mining revises offer for becor bcw becor western inc said davis mining and manufacturing inc has amended its offer for the company becor said the cash portion of the offer remains unchanged at dlrs a share but the principal amount of debentures would increase to dlrs from dlrs a becor share the amended offer also includes dlrs face value of the surviving corporation s pct nonvoting cumulative preferred not included in the previous offer and reduces the amount of the surviving corporation s common to be held by present shareholders to pct from pct becor western the amended davis mining offer is suject to confirmation of certain due diligence information becor also said discussions continue with one other possible bidder which it still has not been identified again the company said it expects discussions with the other possible investor to conclude shortly at that time the board will evaluate all the then existing offers for becor it added reuter" }, { "label": 0, "text": "mtech mtch has commercial shares mtech corp said it has received shares of commercial resources corp in response to its dlr per share tender offer for all shares the company said it has extended the offer until july it was to have expired yesterday reuter" }, { "label": 2, "text": "micron technology inc dram o rd qtr june four shr loss cts vs loss cts net loss vs loss revs mln vs mln avg shrs mln vs mln nine mths shr loss dlrs vs loss dlrs net loss mln vs loss mln revs mln vs mln avg shrs mln vs mln reuter" }, { "label": 0, "text": "nat l computer nlcs o to buy data card stake national computer systems inc said it agreed to acquire deluxe check printers inc s dlx pct stake in data card corp national computer said it plans to issue mln dlrs in five year subordinated convertible debentures to purchase the shares of data card from deluxe completion of the proposed transaction subject to regulatory approval is expected in mid july it said the debenture will bear an increasing rate of interest over its term with a pct weighted average rate and will be convertible into national computer common stock at dlrs a share it said separately deluxe said its data card investment no longer fits its business strategy deluxe has held an interest in data card since when it provided funds for data card to buy troy computer products corp in november data card said it planned to sell its troy division reuter" }, { "label": 0, "text": "microsemi mscc o acquires hybrid components microsemi corp a supplier of semiconductor products and assemblies said it has acquired the operating assets of hybrid components inc for mln dlrs in cash microsemi said the purchase includes the fixed assets software inventories technology intellectual properties and other business operations of hci the company said hci will continue to operate its beverly plant as a subsidiary of microsemi reuter" }, { "label": 7, "text": "reagan says trade bill faces veto in present form president reagan said he would veto a house passed trade bill requiring mandatory retaliation for unfair trade if it reached its desk in its present form in a statement at a white house meeting with senate republicans on the legislation he said i would have no choice but to veto that bill in its present form he said the measure would move us exactly in the wrong direction towards high tariffs trade barriers trade distorting subsidies slow growth and crimped world markets and would destroy jobs reuter" }, { "label": 4, "text": "u k central bank warns of excessive rate cuts bank of england governor robin leigh pemberton said lowering interest rates too fast could jeopardise recent economic achievements in the u k in remarks prepared for delivery to businessmen in birmingham he said prospective returns on real investment are more favourable relative to those on financial assets than for a good number of years it would surely be foolish to put that favourable conjuncture at risk by lowering interest rates prematurely or excessively he said we might enjoy a short term boost to activity but at the risk of a damaging return to the uncertainty and acrimony of high inflation he added leigh pemberton said he recognised there are some who would argue that interest rates are still too high and deter investment in industry but we should not forget that less than a year ago we were intervening to support sterling and had some temporary difficulty in persuading the markets that a one pct increase in base rates to pct was a sufficient tightening of policy at the time he added base rate is currently nine pct reuter" }, { "label": 2, "text": "american greetings corp agrea o st qtr net period ended may shr cts vs cts net vs revs mln vs mln reuter" }, { "label": 2, "text": "american greetings corp agrea o st qtr net period ended may shr cts vs cts net vs revs mln vs mln reuter" }, { "label": 2, "text": "texas utilities co txu mos may net shr dlrs vs dlrs net mln vs mln rev billion vs billion avg shares mln vs mln reuter" }, { "label": 2, "text": "boston digital corp bost o th qtr net period ended april shr profit nil vs loss eight cts net profit vs loss sales vs year shr loss cts vs loss cts net loss vs loss sales mln vs mln note earnings in each period include a provision for unrealized loss on marketable securities of dlrs reuter" }, { "label": 0, "text": "colonial bancgroup clbga buys destin bank colonial bancgroup said it agreed to buy first national bank of destin for an undisclosed sum the company said if it is approved the sale will mark its second move to acquire a florida bank it said it signed a letter of intent to buy liberty bank of pensacola in april reuter" }, { "label": 0, "text": "chrysler c has no plans to raise bid chrysler corp said it has no intention of increasing its offer for electrospace systems inc ele chrysler agreed to purchase the texas based defense electronics contractor in a tender offer of dlrs a share for a total value of about mln dlrs eletrospace shares closed yesterday on the nyse at we have no intention of increasing the offer a company spokeswoman said we believe it is adequate and will be accepted she said the proposed transaction was unanimously recommended by the board of directors and principal shareholders of electrospace further she noted that the dlrs tender offer price is pct above the price of electrospace s shares before april when it put itself up for sale reuter" }, { "label": 1, "text": "texaco canada raises crude oil postings canadian cts bbl light sweet now dlrs bbl" }, { "label": 4, "text": "u k lenders offer more fixed rate mortgages more u k lenders are offering homebuyers fixed interest rate mortgages under which the borrower makes the same monthly payment no matter what happens to other interest rates and with mortgage rates now at their lowest levels in years the loans have been snapped up by eager home buyers trying to lock into cheap money the decision to offer fixed rate loans industry officials said reflects the increasingly competitive nature of the home mortgage business while fixed rate mortgages are uncommon in the u k they were the mainstay of the business in the u s up until only a few years ago but in the early s interest rates soared u s lenders mostly savings and loan associations were earning rates as low as three pct on year fixed rate mortgages they held in their portfolios but had to pay depositors rates as high as pct to induce them to retain their accounts as a result hundreds of institutions collapsed or were forced to merge the survivors decided to offer mortgages whose rates would move in line with the cost of funds we very much have the example of the u s thrifts in mind said a spokesman for abbey national building society explaining why his institution for the time being is only offering variable rate mortgages the rash of advertising to solicit new business has helped homebuyers to become even choosier about loans and lenders concede they are being forced to undercut each other still more sharp cuts on variable rate mortgages announced earlier this week by the nation s two largest building societies and by national westminster bank plc reflect growing competition for new business officials at all three institutions said the fixed rate mortgages on offer carry interest rates even below those on the variable rate loans of course they are less profitable than other variable rate mortgages said a spokesman for midland bank plc which earlier this year said it earmarked mln dlrs for fixed rate new mortgage loans but he said the bank is willing to offer less profitable loans because it was just another way to attract people to our mortgage product trustee savings bank plc tsb was offering five year fixed rate mortgages at pct earlier this year the mln stg that tsb set aside for the loans was exhausted within just a few days according to a spokeswoman everybody loves an under pct mortgage she said noting that within five days the bank loaned the equivalent of pct of its volume in short the appeal of fixed rate mortgages is that they offer an opportunity to gamble on the direction of interest rates if interest rates fall after the mortgage is made the lender is earning an above average return on assets but if interest rates rise it is the homebuyer who has won the benefit of cheap money household mortgage co had planned to offer a year fixed rate mortgage after the june elections on the assumption that a conservative party victory would help money market rates fall further according to duncan young managing director young explained that the company had planned to protect itself against the chance of rising interest rates by buying a complicated hedging instrument but money market rates have risen contrary to expectations and the company has shelved its plans for the time being he said money market rates were too high to arrange both the mortgages and hedge profitably however he said that when the household mortgage co does make fixed rate mortgages it is likely to securitise them this means bundling different mortgages together to resemble a bond and selling them to an investor for technical reasons securitisation is simpler and more efficient with fixed rate rather than with floating rate mortgages in the u s where fixed rate mortgages are popular again securitisation has provided the bulk of mortgage money over the past few years reuter" }, { "label": 1, "text": "texaco txc canada to raise crude oil postings texaco inc s texaco canada said it will raise postings for its edmonton swann hills crude by canadian cts a barrel effective june the company said the new posting for edmonton swann hills will be dlrs a barrel the price hike follows a round of crude oil price increases started late june by sun co the other major canadian crude suppliers raised prices june reuter" }, { "label": 6, "text": "high water extends rhine river blockage rising water levels on the rhine caused by heavy rain are delaying an operation near karlsruhe to raise two sunken boats which have blocked the river s main navigation channel since early last week a karlsruhe water authority spokesman said he said two floating cranes were unable to begin lifting the sunken tug orinoko and its lighter because the water level had reached centimetres and was forecast to rise to cm by tomorrow he was unable to say when the operation might begin meanwhile high water at cologne has forced vessels to travel at reduced speed a water authority spokesman in cologne said but a water authority spokesman in duisburg kms north of cologne said vessels there were moving normally reuter" }, { "label": 0, "text": "greyhound lines agrees to acquire remaining routes of trailways corp" }, { "label": 0, "text": "greyhound agrees to acquire trailways routes greyhound lines said it agreed to acquire the routes of trailways corp greyhound said it had petitioned the interstate commerce commission for authority to acquire and operate trailways routes of its buses and some of its terminals and garages trailways has abandoned all service in seven states in the past year and more than half of its sevice in three other states the company said without intervention the collaspe of trailways is imminent said fred currey chairman and president of greyhound reuter" }, { "label": 6, "text": "rhine blocked for three more weeks salvager dutch salvage firm smit tak said it may take some three weeks to lift the swiss tug orinoko and its lighter pavo which sank days ago at karlsruhe in west germany blocking the rhine river smit tak which with its west german subsidiary harms bergung gmbh was commissioned by the local water authorities to raise the vessels said its lifting fleet was in position and divers had made the first inspection smit is still preparing its final salvage plan and said the work would begin on sunday reuter" }, { "label": 0, "text": "stifel financial said it received unsolicited merger proposal" }, { "label": 0, "text": "harcourt hbj mum on reed reed l rumors harcourt brace jovanovich inc officials were not available for comment on market rumors that it is interested in acquiring reed international plc reed l officials of first boston inc harcourt s financial adviser declined comment a wall street arbitrageur who owns harcourt shares said the rumors did not make much sense because harcourt has announced a recapitalization plan to ward off a takeover attempt by british publisher robert maxwell it s completely inconsistent with the recapitalization the only way is if they drop the recapitalization he said calls to harcourt seeking comment were not returned harcourt s recapitalization will come under scrutiny of a u s court in orlando fla monday the company has sought a declaratory judgment on convertibility of debentures due in light of the recapitalization harcourt said in a statement this week that salomon brothers inc sb and mutual shares corp have intervened in the case claiming ownership of more than mln dlrs face amount of the debenture in addition british printing and communications corp headed by maxwell owns mln dlrs face amount harcourt said salomon said in a filing with the securities and exchange commission today that it has of the debentures if the court decides they should be converted at par value of one dlr they could be converted into mln shares harcourt is asking the court to rule the company is not required to issue common to debenture holders who did not convert prior to june eight an increase in reed shares in london today was attributed by brokers to rumors of harcourt s interest and also to rumors that maxwell might be a buyer but an adviser to maxwell in new york said there s no basis to think that it s us reuter" }, { "label": 2, "text": "new england electric system nes five mths net five mths end may shr dlrs vs dlrs net mln vs mln revs mln vs mln avg shrs mln vs mln mths shr dlrs vs dlrs net mln vs mln revs billion vs billion avg shrs mln vs mln reuter" }, { "label": 0, "text": "minnesota may consider anti takeover amendment minnesota governor rudy perpich is considering calling a special legislative session to consider amendments to the state s anti takeover statute according to the governor s office a spokesman for the governor said nothing will be decided today but said the governor will evaluate later whether to call a special session in the next few days the governor s office said the possible action was triggered by a proposal by dayton hudson corp dh which has been the subject of takeover rumors a spokesman for the governor said the company proposed several amendments to perpich designed to make any takeover attempt in the state more difficult dayton hudson suggested amendments be passed and instituted by next friday the spokesperson said press reports in minneapolis newspapers this morning quoted several legislators as saying they were inclined to support legislation that would help dayton hudson according to a governor s spokesperson senate majority leader roger moe was quoted as saying he would be inclined to support any action that would help the company the spokesperson said robert vanasek the house speaker designate was quoted in the minneapolis star and tribune as saying we are taking their dayton hudson concerns very seriously and we are going to do what we can to help reuter" }, { "label": 0, "text": "boeing ba merger waiting period expires boeing co said the hart scott rodino waiting period required in connection with its pending tender offer for argosystems inc argi o expired at midnight june boeing began its dlr per share cash tender offer for the defense electronics firm on june two reuter" }, { "label": 0, "text": "megavest to acquire computer trade development megavest industries inc said it has agreed in principle to acquire unlisted computer trade development corp in exchange for mln shares of its common stock the company said it has about mln shares outstanding it said computer trade had revenues of about mln dlrs last year reuter" }, { "label": 0, "text": "first fbt reiterates speculation premature first city bancorp of texas inc which is soliciting bidders reiterated that it is premature to speculate on what course of action it will pursue following a story in today s wall street journal that it has attracted at least three potential acquirers first city said the article was not confirmed by the company and it cautioned that there is absotluely nothing to say or report beyond its statement the journal reported that among the bidders for first city was robert carney and robert abboud a former chicago banker reuter" }, { "label": 2, "text": "chancellor corp chcr o th qtr march loss shr loss cts vs loss three cts net loss dlrs vs loss dlrs revs dlrs vs dlrs mths shr profit one dlr vs profit dlrs net profit dlrs vs profit dlrs revs mln vs mln reuter" }, { "label": 0, "text": "chevron chv cuts unc unc stake to pct chevron corp said it sold mln shares of unc inc common stock on june leaving it with mln unc common shares or pct of the total in a filing with the securities and exchange commission chevron said it sold the shares for dlrs each or a total of mln dlrs under an agreement it had with unc the stock was sold to an underwriting syndicate managed by dillon read and co inc and donaldson lufkin and jenrette securities corp with the underwriters paying mln dlrs and unc paying mln it said reuter" }, { "label": 0, "text": "safeway agrees to severance for dallas workers the united food and commercial workers union said unlisted safeway inc has agreed to provide severance pay to about workers in the dallas area resulting from the closure of a division last april the union said the total severance payment will be about five mln dlrs it said the division was closed as a result of billion dlrs in debt incurred from a leveraged buyout last year the union said it filed suit following the leveraged buyout to protect the claims of union members the leveraged buyout was implemented to ward off a bid by dart group corp darta o reuter" }, { "label": 7, "text": "african states agree to regional tariff cuts fifteen countries in eastern and southern africa have agreed to cut tariffs on regional trade by pct every two years up to a statement by the preferential trade area pta which seeks to create a common market stretching from ethiopia in the north to lesotho in the south said the governments would make the first tariff cut next year in they would assess the impact of the tariff reductions and work out a new timetable for the complete elimination of all barriers to trade by the year the pta set up in groups burnudi the comoros djibouti ethiopia kenya lesotho malawi mauritius rwanda somalia swaziland tanzania uganda zambia and zimbabwe pta sources said the agreement averted a split between members wanting more progress towards free trade and weaker states concerned about the effects on customs revenue the reductions cover only a common list of or so widely traded commodities and goods but pta sources said the organisation planned to expand the list to include items reuter" }, { "label": 0, "text": "galaxy gtv to sell west texas assets galaxy cablevision l p said it signed a letter of intent to sell the assets of its cable television systems in west texas which serve about basic subscribers through nine cable television systems terms were not disclosed and the galaxy did not identify the buyer the company also said it will make its first cash dividend of cents per unit on or about august to holders of record june in march galaxy completed a public offering of mln units for mln dlrs and acquired the assets of cable television systems for about mln dlrs reuter" }, { "label": 0, "text": "north american communications weighs possible sale or merger" }, { "label": 0, "text": "stifel financial sf receives merger proposal stifel financial corp said it received an unsolicited merger proposal from privately held laidlaw adams and peck inc for dlrs a share in cash for all its outstanding shares the proposal which expires july values stifel at about mln dlrs stifel has about mln shares outstanding the company said its management and board of directors will consider the proposal but have not set a date to meet it said the proposal is currently being studied by goldman sachs and co and legal counsel it said conditions of the proposal include obtaining necessary financing satisfactory completion of a due diligence investigation by laidlaw and execution of employment contracts with key employees to be designated by laidlaw reuter" }, { "label": 1, "text": "u s oil prices strong ahead of opec meeting u s crude oil prices are at their highest level in more than a year ahead of next week s opec meeting even though most industry analysts do not expect any policy changes from the session they said prices which have steadily climbed since the organization s accord in december have risen on technical factors within the market and concerns about supplies because of the iran iraq war which could disrupt deliveries from the gulf the u s benchmark crude west texas intermediate is trading around dlrs in the july contract on new york mercantile exchange s energy futures and in the spot market that is its highest level since january opec conference president rilwanu lukman who is nigeria s oil minister said friday he expects the meeting in vienna to be brief and calm and that opec s current price and production agreement may only need a slight review although most industry experts expect just a reaffirmation of the december agreement oil prices continue to climb due to a desire to hedge positions in case of any surprises analysts expect the higher prices to continue until soon after the opec meeting at that point barring any increased tension in the gulf or changes in opec s policies prices should begin easing opec will probably not do anything it hasn t already agreed to in december because oil prices are firm said john hill a vice president at merrill lynch futures opec agreed in december to maintain official oil prices at dlrs a barrel and raise the group s production ceiling to mln barrels per day in the third quarter and to mln barrels in the fourth quarter this agreement helped send prices sharply higher rising from dlrs a barrel in early december several opec members who are price hawks including iran algeria and libya will seek a higher official price and a reduction in output and if u s west texas intermediate crude continues to trade above dlrs a barrel there is a greater chance that opec will raise its official dlrs price said nauman barakat analyst at smith barney harris upham and co but most analysts expect the more moderate producers such as saudi arabia to block any changes in policy the meeting will be a non event with no change in the official prices because opec and in particular the saudis are committed to stabilizing the market said rosario ilacqua analyst with l f rothschild however some analysts said opec may need to hold a meeting in september to re evaluate market conditions overproduction by opec will become a real problem in the fourth quarter when the quota is raised to mln barrels a day and iraq s pipeline through turkey brings another barrels to the market each day said john lichtblau president of petroleum industry ressearch foundation most expect saudi arabia to oppose a price increase at this meeting but many look for an increase by year end to dlrs to offset the decline in the dollar oil prices are denominated throughout the world in dollars so as the currency declines producers receive less money for their oil the only real production restraint in opec is saudi arabia said sanford margoshes analyst at shearson lehman brothers in the second half of the year we expect the saudis not to produce at their mln barrel a day quota and therefore act as a vehicle to stablize the market and pave the way for a two dlrs a barrel price increase at the december meeting he said one uncertain factor is the course of the iran iraq war the wild card is the increased tensions in the persian gulf said frank knuettel analyst with prudential bache securites oil tankers taking oil from iraq and kuwait have been regular targets for iranian planes the reagan administration is planning to put kuwait tankers under the protection of the u s flag with naval escorts extra oil inventories are needed during a time of crisis like this and just general nervousness over an incident that could disrupt oil supplies drives prices up knuettel said reuter" }, { "label": 0, "text": "n y times nyt to buy gwinnett daily news the new york times co said it had an agreement to buy the gwinnett daily news an evening newspaper published in lawrenceville ga terms were not disclosed the company said gwinnett has a weekday circulation of about and a sunday circulation of about the new york times also said gwinnett county a northeast suburb of atlanta is the fastest growing county in the country the purchase agreement includes the forsyth county news published on wednesday and sunday and the winder news a weekly among other publications reuter" }, { "label": 0, "text": "reed says it has no comment on harcourt rumours reed international plc reed l said it had no comment to make on u k stock market rumors that harcourt brace jovanovich inc hbj may make a bid for the company in order to escape unwelcome offers from robert maxwell s british printing and communication corp bpcl l a spokeswoman for reed said earlier analysts forecasts that a bid for reed will have to be about mln stg were totally unrealistic adding that its current market is about billion stg reuter" }, { "label": 1, "text": "unocal ucl scraps fluidized bed boiler project unocal corp said it told the u s treasury department that it will not include fluidized bed combustion technology a method for the more efficient burning of solids at its parachute creek oil shale project in colorado due to high costs under a agreement with the now defunct u s synthetic fuels corp unocal said it would study using the technology at the oil shale plant in return the company would have been eligible for mln dlrs in loan gaurantees and price supports from the u s treasury department which took over the contract from the synthetic fuels corp unocal said unocal said its studies showed the cost for the fluidized bed combustion facility would have exceeded mln dlrs compared with an original estimate of mln dlrs the fluidized bed facility would have provided heat and electricity for the oil shale project unocal said last year s fall in oil prices and the loss of investment tax credit under the tax reform act made the project uneconomical even with government price supports and loan guarantees unocal said the parachute creek oil shale plant produces about to barrels per day of crude shale oil unocal said reuter" }, { "label": 7, "text": "civil service strike delays u k trade figures civil service industrial action started early this month will delay the publication of may s u k overseas trade figures which had been due out next thursday a trade and industry department statement said a department spokesman said the figures will probably be put back by about a month the june trade figures due in late july will also be delayed he added reuter" }, { "label": 0, "text": "metro airlines mair o to make acquisition metro airlines inc said it has agreed in principle to acquire privately held chaparral airlines inc for dlrs in cash chaparral provides regularly scheduled service out of dallas fort worth regional airport as an affiliated carrier of amr corp amr and had revenues in of mln dlrs reuter" }, { "label": 2, "text": "telco systems inc telc o rd qtr may loss shr loss cts vs loss five cts net loss vs loss sales mln vs mln avg shrs vs nine mths shr loss dlrs vs profit cts net loss vs profit avg shrs vs reuter" }, { "label": 0, "text": "altus bank alts o fails to reach agreement altus bank said it has not been able to reach a definitive agreement to buy horizon financial corp horizon funding and billion dlrs in loan servicing from victor savings and loan association altus formerly known as first southern federal savings and loan association earlier announced the signing of a letter of intent to make the acquisitions horizon financial and horizon funding both are units of victor savings and loan association reuter" }, { "label": 2, "text": "mars graphic services inc wmd st qtr may shr cts vs cts net vs sales vs avg shrs vs reuter" }, { "label": 0, "text": "marcade group inc mar buys europe craft marcade group said it had agreed to buy europe craft imports inc for a combination of cash and common stock the company said europe craft designs imports and distributes menswear and sportswear under the member s only brand name the company said europe craft had sales of mln dlrs last year marcade said this latest deal is part of an ongoing acquisition phase reuter" }, { "label": 0, "text": "n american communications nacs o weighs sale north american communications corp said it is considering several options to maximize shareholder value including a possible sale merger corporate restructuring or leveraged buyout trading in the company s stock was halted pending an announcement the company which owns and operates cable television systems in minnesota and wisconsin said it retained communications equity associates as its financial adviser to explore alternatives reuter" }, { "label": 0, "text": "murphy oil said it proposing to acquire remaining pct of canadian subsidiary" }, { "label": 0, "text": "primerica pa completes smith barney takeover primerica corp said it completed the previously announced acquisition of smith barney inc for mln dlrs in cash primerica wh ich changed its name in april from american can co said smith barney harris upham and co inc wholly owned by smith barney inc will add more than domestic and overseas branch offices reuter" }, { "label": 0, "text": "king world kwp has financing for offer king world productions inc said it will finance the repurchase of up to of its shares announced earlier today through cash on hand and about mln dlrs of bank borrowings for which it has received commitments from first chicago corp fnb and bank of new york bk the company today started a tender offer for up to shares at dlrs each and agreed to buy up to more shares from members of the king family and management who together own a total of mln shares all the shares being repurchased amount to about pct of king world s stock reuter" }, { "label": 0, "text": "murphy oil mur to acquire canadian subsidiary murphy oil corp said its board proposed a reorganization in which it would acquire the pct of common shares of its canadian subsidiary not owned by the parent under the proposal which would be undertaken as a court approved plan of arrangement shareholders of murphy oil co ltd of calgary alberta canada would be offered the option to receive dlrs canadian a share cash or the equivalent market value of common shares of the parent company reuter" }, { "label": 0, "text": "investor sells pct rb rbi stake jeffrey neuman of santa monica calif told the securities and exchange commission he sold his entire rb industries inc stake of shares or pct of the total outstanding neuman who transferred the stock nearly two years ago to the tudor trust of which he is trustee said the trust sold the entire stake in a private deal on june at dlrs a share reuter" }, { "label": 0, "text": "fortune fin l forf o unit makes acquisition fortune financial group inc said its fortune savings bank acquired a financial security savings and loan association branch in sunrise fla terms were not disclosed the new fortune savings bank office had about mln dlrs in deposits as of june meanwhile acquisition of marine savings and loan association of florida with four offices in naples fla is awaiting regulatory approval reuter" }, { "label": 0, "text": "group has pct of american physicians amph o a group led by far hills n j investors natalie and paul koether told the securities and exchange commission it has acquired shares of american physicians service group inc or pct of the total the koether group said it bought the stock for mln dlrs for capital appreciation and may buy more the group also said paul koether met on june with management representatives for talks that included the company s business potential acquisitions for the company possible opportunities to expand the company and the possibility of koether being named to its board the group did not say whether the talks resulted in any agreements as they have done in several sec filings concerning other companies in which they have had a stake the koethers said they reserve the right to take any actions which they deem appropriate to maximize the value of the shares but said they have no current plans about taking any action while they may buy more american physicians shares the koethers also said they may decide to sell some or all of the their stake in the company reuter" }, { "label": 0, "text": "barco directors approve buyout offer from senior management" }, { "label": 0, "text": "irwin jacobs says he holds less than five pct of gillette" }, { "label": 2, "text": "costco wholesale cost o rd qtr may net oper shr two cts vs three cts oper net vs sales mln vs mln nine mths oper shr six cts vs eight cts oper net vs sales mln vs mln note oper data does not include extraordinary gains from tax loss carryforwards of dlrs or one ct per shr vs dlrs or one ct per shr in qtr and dlrs or four cts per shr vs dlrs or four cts per shr in nine mths reuter" }, { "label": 0, "text": "sithe to raise energy factors efac stake sithe energies lp said it has signed an agreement under which it will increase its interest in energy factors inc to pct from pct now by investing mln dlrs in energy factors stock reuter" }, { "label": 0, "text": "barco brc board approves leveraged buyout bacro of california said its board approved an offer from its chairman kenneth donner and president michael donner to purchase all the outstanding barco common shares at dlrs per share in a leveraged transaction the donners currently own about pct of the company s outstanding shares barco said it also said vice chairman david grutman and family members who own about pct of barco s shares have agreed to sell their stock for the offering price reuter" }, { "label": 0, "text": "irwin jacobs has gillette gs stake investor irwin jacobs said he has an investment in gillette co amounting to less than five pct of the consumer products company s stock jacobs who made his comment in response to an enquiry did not comment further yesterday gillette rebuffed a takeover proposal from revlon inc under an agreement between the two companies revlon must have the permission of gillette s board before making an offer to shareholders the board declined to grant that permission gillette has been the topic of takeover speculation for several weeks its stock has traded heavily and arbitragers said they believe jacobs may not be the only investor who has a sizeable position in the company reuter" }, { "label": 2, "text": "rapitech systems inc rpsy o rd qtr loss april end shr losses not given net loss vs loss revs vs nine mths shr losses not given net loss vs loss revs vs reuter" }, { "label": 0, "text": "vr vrbb o closes stock sale to vr acquisition vr business brokers inc said it closed the sale of a controlling interest in its comon and preferred stock to vr acquisition corp a delaware corporation controlled by an investment group led by c robin relph of london under the agreement dated april vr business agreed to sell shares of common stock and shares of pct cumulative stock vr business said it issued shares of common stock and shares of preferred stock with the remaining shares of common to be listed within the next week to days reuter" }, { "label": 0, "text": "microwave laboratories inc mwav o th qtr net april end shr cts vs eight cts net vs sales vs avg shrs vs year shr cts vs cts net vs sales vs avg shrs vs reuter" }, { "label": 2, "text": "passport travel inc ppti o nd qtr may net shr profit six cts vs loss one ct net profit vs loss rev mln vs mln six months shr profit eight cts vs loss one ct net profit vs loss rev mln vs mln reuter" }, { "label": 2, "text": "savoy industries inc savo o st qtr loss oper shr loss cts vs loss cts oper net loss vs loss sales mln vs mln avg shrs vs note operating loss excludes profit of dlrs or cts a share from discontinued operations reuter" }, { "label": 7, "text": "latin caribbean nations oppose trade bills a group of latin american and caribbean nations formally opposed trade legislation pending in congress saying it would curb their exports slow development and hinder its ability to repay foreign debt mario rodriguez montero president of an organization of american states special committee on trade said he was aware of the large u s trade deficit but added the region should not be the one affected by the trade bills he said the causes of the deficit were the strong dollar and the budget deficit and it is regrettable to solve it by a trade bill that would only serve private u s interests rodriguez made the comment at a news conference after two days of meetings with u s officials on trade bills now in congress that are designed to reduce the u s trade deficit which last year hit a record billion dlrs congressional observers say the bills are aimed mainly at japan taiwan south korea and a few other nations with large annual trade surpluses with the united states mexico brazil and venezuela are the only latin nations with large trade surpluses last year with the united states but even mexico with the largest had a surplus of only billion dlrs against japan s of billion dlrs the european community has also opposed the bills rodriguez said the latin and caribbean nations backed the reagan administration s opposition to many of the sections in the legislation including those to curb imports and to require retaliation for foreign unfair trade practices he told reporters the committee would likely mount a campaign to fight the legislation when it comes up for debate on the senate floor expected next week rodriguez said the region needs trade to continue development we hope this need will not be affected negatively by trade legislation rodriguez said we need to keep the market opens especially the u s market to obtain the necessary foreign exchange not only to service the debt but also to continue national development progress president reagan has said he would veto any legislation he termed protectionist and his aides now are mounting a effort to water down some of the objectionable provisions in the legislation asked whether reagan was ready to cast a veto rodriguez said as yet the administration is not in a veto frame of mind reuter" }, { "label": 0, "text": "reed intl denies bid approach reed international plc reed l denied rumours on the u k stock market that it was the target of a takeover bid and said it had received no approach in view of the increase in our share price today i want to make clear that we have not received any bid approaches reed s chairman leslie carpenter said in a statement rumours that u s publisher harcourt brace jovanovich inc hbj might bid for reed a paper and printing company pushed reed shares up p at p at one stage today before they eased back to p at the close against a background of a widespread decline in u k equity prices share market analysts said speculators were buying the stock on belief that harcourt would bid for reed in an effort to escape the unwelcome two billion dlr bid from robert maxwell s british printing and communication corp bpcl l such a move would have made harcourt too big for bpcc to take it over analysts added they also said there was some speculation that if bpcc s bid for harcourt was unsuccessful it could turn its attention to reed reuter" }, { "label": 0, "text": "applied data adcc o to buy dateline applied data communications said it agreed to acquire privately held dateline technology inc of redmond wash for an undisclosed amount of cash and stock dateline technology designs and sells high capacity high speed computer peripheral subsystems primarily for data storage applied data said reuter" }, { "label": 0, "text": "gulf and western gw ups interest in network usa network today said it has acquired time inc s tl one third interest in the network the network formerly a joint venture between time gulf and western inc and mca inc mca said that gulf and western and mca who each previously held a one third interest now will jointly own usa network on a basis terms were not disclosed usa network said usa network is an advertiser supported entertainment basic cable network reaching mln homes on cable systems reuter" }, { "label": 0, "text": "tektronix tek begins dutch auction tender tektronix inc said it began its previously announced dutch auction cash tender offer for up to mln of its own common shares under the terms of the offer the company will select a single cash purchase price for the stock based on the number of shares tendered not to exceed dlrs per share or be lower than dlrs per share tektronix said the company also said it does not intend to spend more than mln dlrs for the shares tendered it further stated that the tender offer expires on july eight unless extended reuter" }, { "label": 0, "text": "kay kay to acquire specialty fastener firm kay corp said its balfour maclaine international ltd subsidiary signed a letter of intent to acquire certain assets of a privately owned distributor of specialty fasteners for about mln dlrs plus management incentives which it did not disclose kay said the firm has annual sales of about mln dlrs kay also said it is pursuing private placement of debt securities for a number of corporate purposes reuter" }, { "label": 0, "text": "new england critical care necc o buys npo new england critical care inc said it completed its purchase of npo therapies inc of salt lake city the company said that npo therapies president and founder kelly mutchie has joined new england critical care as regional vice president covering the western united states npo therapies provides home infusion therapy services reuter" }, { "label": 0, "text": "dayton hudson said it told buyer of stock it s not interested in being acquired" }, { "label": 0, "text": "pacific basin to acquire pct of t e a m pacific basin development corp based in vancouver british columbia said it reached an agreement to buy pct of t e a m pacific corp and its marketing arm for mln u s dlrs pacific also said it expects ot earn three mln canadian dlrs for the year ended june and mln canadian dlrs for the year ended june t e a m a former signetics corp unit assembles integrated circuits in southeast asia and is itself buying an assembler pacific said t e a m expects to earn over mln canadian dlrs per year when the acquisition is completed reuter" }, { "label": 2, "text": "andersen group inc andr o st qtr may may shr loss cts vs loss cts net loss vs loss revs mln vs mln avg shrs vs reuter" }, { "label": 0, "text": "dayton hudson dh not interested in acquisition dayton hudson corp in a letter to employees said it told an aggressive buyer of the company s stock that it does not want to be acquired a dayton hudson spokeswoman would not identify the buyer but wall street sources said dart group corp darta o was the company interested in buying dayton hudson stock the wall street sources said the dart group is expected soon to file a statement with the securities and exchange commission on its accumulation of dayton hudson stock according to the letter to company employess dayton hudson management has moved in two directions to fend off a takeover according to the letter chairman kenneth macke expressed to the group buying its stock the company s desire to remain independent dayton hudson thursday night met with minnesota governor rudy perpich appealing for legislative help a spokesman for governor perpich earlier said the governor is expected later today to recommend stiffening the state s anti takeover law to help the minneopolis retailer defend itself minnesota house speaker designate said the legislators would probably look at language similar to that contained in indiana and new york law he said any amendment proposed would probably be designed to thwart a company from dismantling a company for its own profit obviously dayton hudson people feel whatever statutes we have would not protect them enough vanasek said reuter" }, { "label": 0, "text": "barnett banks bbf files against federal board barnett banks inc and home federal bank of florida said they filed a suit against the federal home loan bank board and the federal savings and loan insurance corp the companies said the suit asks a jacksonville fla federal district court to enjoin the enforcement of an interpretive rule adopted by the fhlbb last year which seeks to give it jurisdiction over barnett s proposed acquisition of home the suit says this rule is arbitrary and capricious reuter" }, { "label": 5, "text": "u s business loans fell mln dlrs business loans on the books of major u s banks excluding acceptances fell mln dlrs to billion in the week ended june the federal reserve board said the fed said that business loans including acceptances fell mln dlrs to billion dlrs reuter" }, { "label": 0, "text": "judge to rule monday on burlington bur case manhattan federal court judge shirley wohl kram said she would rule monday on whether to grant a request to block a dlr per share merger agreement between burlington industries inc and morgan stanely group inc ms the request to bar the merger was made by samjens acquisition corp a partnership formed by financier asher b edelman and dominion textiles inc samjens has made a hostile dlr per share takeover bid for burlington reuter" }, { "label": 0, "text": "k g saur sells assets to reed international k g saur the german based publisher of databases and legal and bilbiographic reference material said it has sold all of its assets to the butterworth group a division of reed international plc reed l for under mln dlrs saur said klaus saur president and owner of the company will remain president of saur operations in munich london and new york reuter" }, { "label": 2, "text": "ael industries inc aelna o first qtr net shr cts vs four cts net dlrs vs dlrs revs mln dlrs vs mln dlrs note the first quarter ended may reuter" }, { "label": 2, "text": "national video inc nvis o year net shr four cts vs nine cts net dlrs vs dlrs revs mln dlrs vs mln dlrs note the fiscal year ended march reuter" }, { "label": 0, "text": "archer daniels adm denies rumor archer daniels midland co denied a report that it is interested in acquiring international minerals and chemical corp igl we have no interest in international minerals or any of its divisions a spokesman told reuters we ve had no conversations with them usa today reported that archer daniels midland might be seeking a hostile takeover of international minerals reuter" }, { "label": 2, "text": "kaufel group ltd kgl m rd qtr net shr cts vs cts net vs revs mln vs mln nine mths shr cts vs cts net vs revs mln vs mln avg shrs mln vs mln reuter" }, { "label": 0, "text": "group cuts zondervan zond o stake to pct one of several investor groups formerly associated with london investor christopher moran in his unsuccessful bid to take over zondervan corp last year said it cut its stake in the company to less than five pct in a filing with the securities and exchange commission the group led by investors lawrence altschul and james apostolakis said it cut its zondervan stake to shares or pct of the total from shares or pct the group which earlier this month said in an sec filing it wanted join with other groups to maximize share values said it sold shares between june and for mln dlrs the group had joined with the moran group which last year assembled a combined pct stake in zondervan during its unsuccessful takeover try last month the moran group broke up and splintered into various factions moran himself withdrew from the takeover effort and last reported his personal stake at pct a group led by miwok capital corp a california broker with a pct stake and another one led by minneapolis stockbroker jeffrey wendel with pct have both made recent sec filings saying they are seeking agreements with other parties who may want to seek control of the company reuter" }, { "label": 0, "text": "new leader coming to u s sec in challenging era president reagan s nominee as top policeman for the nation s securities markets will inherit an agency challenged by an insider trading scandal wild stock price gyrations and a host of uncertainties stemming from the globalization of financial markets david ruder a year old republican law professor at northwestern university in evanston ill was named thursday to be the rd chairman of the five member u s securities and exchange commission if confirmed by the senate as expected he will succeed john shad who left the agency earlier this week after a record six years as chairman to become ambassador to the netherlands the sec has been in the limelight for the past year as its investigators have probed into the most colossal insider trading scandal ever uncovered on wall street the investigation which is still active mushroomed in recent months as a growing number of well known traders and prominent investment banking firms have been charged with wrongdoing the pace of the probe picked up markedly in november after ivan boesky one of wall street s most successful stock speculators agreed to cooperate with government investigators and to pay a record mln dlrs in penalties and illegal profits after being charged with insider trading but the agency is also wrestling with a vexing new phenomenon of huge and rapid swings in stock prices spurred by computer driven trading strategies that span markets in securities options and futures the price gyrations have combined with rising trading volumes to bring unprecedented volatility to some u s securities markets at the same time the sec is being pressed by some lawmakers to put a stop to abusive tactics in corporate takeover contests as an unrelenting wave of such takeovers steadily reshapes the u s corporate landscape and the agency is being pushed by u s and foreign exchanges intent on expansion to lay the regulatory groundwork for an international securities marketplace in which trading occurs across borders throughout the world around the clock such worldwide trading networks offer vast new investment opportunities but could strain the sec s ability to enforce u s securities laws and guard investors from fraud under the leadership of shad the sec eased financial disclosure requirements for publicly traded companies eliminated many minor investor protection rules attempted to spur competition among exchanges and streamlined the agency s review of hostile corporate takeovers shad who had been vice chairman of the e f hutton investment banking firm brought a wall street perspective to the agency upon being named chairman in in line with the views of other top administration officials he favored marketplace determination of takeover battles over new federal regulations the sec under shad also stressed prosecution of insider trading violations over the corporate wrongdoing cases that topped the agency s enforcement agenda during the administration of president jimmy carter a democrat securities lawyers and industry officials acquainted with ruder say the new chairman designate is unlikely to significantly alter the commission s current priorities the sec currently has about employees most of them lawyers and an annual budget of about mln dlrs though that figure likely will be significantly higher next year as the agency moves to beef up its enforcement staff the agency is one of the few in the government that actually has taken in more money than it has spent in the past few years because of fees it charges public companies investment banks and other securities firms it regulates the sec is structured as an independent regulatory agency meaning that its five commissioners are appointed by the president to fixed five year terms and protected from firing for policy differences alone by law no more than three commissioners may be of the same political party and the agency prepares its own budget request each year instead of leaving this to the white house established by congress in the sec traces its origins to the great stock market crash of which was attributed in large part to widespread trading on credit and attempted market manipulations by large investment firms the agency requires public companies and investment vehicles such as mutual funds to issue periodic reports on their financial condition and to disclose changes in their condition any time they issue new securities it requires brokers dealers and investment banks to register with it and comply with investor protection rules and it polices exchanges and regulates trading practices its first chairman was joseph kennedy an industrial magnate who was also the father of john kennedy later to become the nation s th president other former chairmen include william douglas who served from until his appointment to the u s supreme court in and william casey who served during president nixon s first term and was reagan s director of the central intelligence agency until his death earlier this year reuter" }, { "label": 7, "text": "u s asks congress to revise tariff categories the administration asked congress to replace the u s tariff schedule with a new system to bring it into line with international tariff categories u s trade representative clayton yeutter said the new system will add such items as fiber optics and more accurately define new composites items not widely traded when the current schedule was devised some years ago yeutter said the harmonized system as the new schedule is called will change tariff categories and definitions to meet the present day needs of exporters and importers but they should pay about the same rates of duties yeutter said american exporters will find it far easier to deal with one standardized worldwide system than the variety of differing systems which they now face he said the new system ended years of multinational negotiations to create the unified tariff schedule yeutter said government and business moves are based on data from tariff schedules and the new system will improve knowledge of trade flows and the quality of decision making he said nations pledged to bring their standards under the new system with about half expected to join the system by january reuter" }, { "label": 0, "text": "service resources src unit cuts sorg srg stake a group led by chas p young co a subsidiary of service resources corp said it cut its stake in sorg inc to shares or pct of the total outstanding common stock from shares or pct in a filing with the securities and exchange commission young which yesterday withdrew its dlr a share takeover proposal said its other group member sdi partners ltd partnership sold sorg common shares between june and at to dlrs each reuter" }, { "label": 2, "text": "dwi corp dwic o rd qtr march net shr profit nil vs loss two cts net profit vs loss revs vs nine mths shr loss nil vs loss five cts net loss vs loss revs vs reuter" }, { "label": 0, "text": "firm has supreme equipment seqp o stake towle and co a st louis mo investment advisory firm told the securities and exchange commission it has acquired shares of supreme equipment and systems corp or pct of the total outstanding towle said it bought the stock for investment purposes on behalf of its advisory clients reuter" }, { "label": 0, "text": "sico sic to to buy reichold rci unit assets sico inc said it agreed in principle to buy the u s assets of reichold chemicals inc s sterling group which manufactures electrical insulation compounds and industrial resins and develops coatings for the electronics industry terms were undisclosed sico said it acquired sterling group s canadian assets in february it said the u s acquisition adds about mln dlrs to its annual sales volume reuter" }, { "label": 0, "text": "investor group dumps silicon slcn o stake a group of boston investors and investment partnerships told the securities and exchange commission it sold its entire stake in silicon systems inc of shares or pct of the total outstanding the group which includes hlm associates hlm associates ii and their three general partners said it sold the stock between april and june at to dlrs a share as the result of an investment decision reuter" }, { "label": 2, "text": "shirmax fashions ltd shx m st qtr net qtr ended may oper shr three cts vs cts oper net vs revs mln vs mln note latest qtr exludes writeoff of dlrs from store renovation reuter" }, { "label": 0, "text": "group ups stake in tandy brands tab to pct a group of companies including chicago based coronet insurance co and sunstates corp a jacksonville fla real estate firm said it raised its stake in tandy brands inc to shares or pct of the total in a filing with the securities and exchange commission the group said it bought tandy common shares between may and june for dlrs in addition to the shares or pct it had held previously reuter" }, { "label": 0, "text": "gateway gmsi o recinds offer for westworld gateway medical systems inc said it has withdrawn its may offer to acquire westworld community healthcare inc the company said it remains interested in acquiring the westworld s hospitals and will attempt to continue negotiations with westworld reuter" }, { "label": 2, "text": "bower industries inc st qtr net shr profit six cts vs loss cts net profit vs loss revs vs reuter" }, { "label": 0, "text": "wpp group extending expiration of its merger proposal to jwt group until june" }, { "label": 0, "text": "joe franklin and assets development to merge privately held joe franklin productions inc said it entered into a preliminary agreement to merge with assets development corp a public company terms were not disclosed the companies said they expected the merged group to qualify for listing on nasdaq reuter" }, { "label": 0, "text": "dart group declines comment on dayton hudson dh dart group corp darta o said it has no comment on reports the company has been accumulating shares of dayton hudson corp dayton hudson said in a letter to shareholders it told an aggressive buyer of its stock that it does not want to be acquired wall street sources have identified the buyer as dart which earlier this year was thwarted in a takeover attempt for the now privately held supermarkets general corp reuter" }, { "label": 2, "text": "rise technology inc rtek o st qtr loss shr loss cts vs loss one ct net loss vs loss revs vs reuter" }, { "label": 0, "text": "wpp group plc extends its offer for jwt jwt wpp group plc said it is extending its dlrs a share offer for jwt group inc until midday june the company temporarily extended the offer on june but did not give an expiration date its dlrs a share offer for jwt which has been rejected by jwt expires on july reuter" }, { "label": 0, "text": "maxicare maxi o ends plans to sell unit maxicare health plans inc said it ended negotiations to sell maxicare alabama l p to complete health inc the companies said last week they had reached agreement in principle for complete health to purchase the health maintenance organization the largest in alabama maxicare said the terms would not be in the best interests of the heatlh care providers who have built the alabama hmo it said it now intends to work with its health care providers in alabama to further develop the hmo reuter" }, { "label": 2, "text": "chiron corp chir o th qtr april loss shr loss cts vs loss cts net loss vs loss revs vs year shr loss cts vs loss cts net loss vs loss revs vs reuter" }, { "label": 2, "text": "methode electronics inc meth o th qtr net qtr ended april shr nine cts vs cts net vs revs mln vs mln year shr cts vs cts net vs revs mln vs mln reuter" }, { "label": 0, "text": "investment partnership ups facet fct stake charter oak partners a connecticut investment partnership said it raised its stake in facet enterprises inc to shares or pct of the total outstanding common stock from shares or pct in a filing with the securities and exchange commission charter oak said it bought facet common shares on june at dlrs each reuter" }, { "label": 4, "text": "uptrend remains intact for debt futures the six basis point rise of the past month in u s debt futures may be extended next week by a series of u s economic reports analysts said as long as the dollar holds firm interest rates have declined by approximately basis points over the last month largely over indications that inflation is not as high as people had feared and the narrowing u s trade balance in nominal terms samuel kahan chief financial economist with kleinwort benson government securities said kahan said recent government reports have shown strength in the economy during the first quarter but his concern is whether the u s economy will sustain that strength in the longer term weak u s economic growth could hurt the dollar which has become more important to the direction of debt futures than the beneficial impact on interest rates of a sluggish economy the median trade expectations for tuesday s u s consumer price index and durable goods reports are up pct and down pct respectively meanwhile the eight billion dlr drop in the m money supply announced this week was surprising much larger than expected according to kahan unless quickly reversed such a trend will ensure that june m growth will be negative kahan said taken in conjunction with m and m aggregates which kahan said have slowed to a crawl below federal reserve board annual targets the consequences could be a hint of economic weakness down the road he said based on chart formations t bond futures may be poised for further gains although the advance has been slowed recently analysts said september t bonds are up almost six points since about may merrill lynch debt analyst jim duggan noted september bond futures climbed from the low of a month ago to over in mid june duggan said while follow through buying has aided the advance so far and bouts of short covering have prohibited a slide through chart support the rally in september t bonds has been thwarted above the level the level is formidable resistance and must be taken out before this activity is anything other than a trading range market carroll mcentee and mcginley futures debt analyst brian singer said the dollar remains the key fundamental factor and the u s currency has made little headway of late analysts said the critical variable remaining in the market is the value of the dollar kahan said additional influences next week will be possible developments ahead of an opec members meeting and the impact and size of the u s budget deficit although these will not be in the forefront of the market early next week kahan said in looking ahead to the u s treasury mini refunding auctions of billion in t notes on tuesday wednesday and thursday singer said the market will likely greet the results with little excitement however a successful auction could prove to be a turning point depending on prevailing market psychology reuter" }, { "label": 4, "text": "hk shanghai bank standard chartered bank raise prime point to pct" }, { "label": 5, "text": "venezuela probes alleged foreign exchange fraud banking authorities and police are investigating an alleged fraud by the second largest trading house in the caracas free foreign exchange market finance minister manuel azpurua told reporters the superintendency of banks and the technical and judicial police have both begun probes of cambio la guiara azpurua said on friday night police said the owners of the firm mario muggia and his brother luigi muggia have left venezuela cambio la guiara operated in part on the parallel market in which traders buy and sell dollars among themselves the venezuelan central bank on june suspended the licences of all foreign exchange operators in the parallel market blaming their speculation for the constant rise in the value of the u s dollar here juan domingo cordero vice president of the caracas stock exchange and the owner of a foreign exchange trading house said on friday he had begun legal action against cambio la guiara for issuing him four checks without funds for a total amount of almost one mln dlrs the cambio la guiara exchange house had operated in venezuela for more than years reuter" }, { "label": 6, "text": "kuwait says it has full gulf arab support kuwait whose shipping has come under repeated attack by iran has the full support of saudi arabia and other gulf allies a senior government official said cabinet spokesman abdul aziz al otaibi quoted by the kuwaiti news agency kuna yesterday said foreign minister sheikh sabah al ahmed al sabah had told cabinet he had found complete support at this delicate phase during visits to gulf cooperation council gcc states the gcc an economic and military alliance which has generally supported iraq over iran comprises bahrain kuwait oman qatar saudi arabia and the united arab emirates reuter" }, { "label": 1, "text": "santos says it has significant oil find santos ltd stos s said it had made a significant oil discovery at its mawson one well in the moomba block of the cooper basin south australia it said the well flowed oil from sands at an average rate of barrels per day from to metres through a mm choke santos said the well was cased and suspended pending further evaluation but it said the proximity of the discovery to existing production facilities at the gidgealpa south field would allow mawson one to be brought into production rapidly santos has a pct stake in the block delhi petroleum pty ltd has pct and south australian oil and gas corp pty ltd has pct reuter" }, { "label": 1, "text": "far east traders expect dlr oil in january opec s agreement to limit output to mln barrels per day bpd for the rest of the year should boost spot prices and enable the group to raise its official reference price to dlrs a barrel in january from the current dlrs far east oil industry sources said fundamentally the market situation is bullish and the official price will be dlrs in january a japanese refiner said the sources said that in spite of over production by opec members such as iraq the united arab emirates kuwait and qatar demand should exceed supply by the fourth quarter spot oil prices surged on friday in late u s trading as the market anticipated an opec agreement on second half output in early tokyo trade levels were firm at dlrs for mideast dubai cargoes loading next month and dlrs for u k brent traders said they said they expect more foreign crudes to be sucked into the u s market as the benchmark crude west texas intermediate wti trades at around dlrs with wti at or dlrs u s refiners will import mideast and far east crudes and this will strengthen those grades further said a japanese oil trader some tokyo traders were cautious about whether thu spot market has further upward potential in the short term having risen strongly on the opec news on friday you could certainly argue that if new york rose on that basis there s no reason for prices to go up again today said one international oil trader in tokyo but i think if there s any sign of a dip it will be bought back up again pretty quickly he added one oil industry analyst concurred there is no reason to expect a weak market from now on he said he expected opec to raise prices to dlrs when it meets on december oil sources said spot prices are unlikely to surge strongly in the next few months due to cheating by some opec members and the likelihood that saudi arabia will act as swing producer to maintain steady prices iraq is currently producing around two mln barrels per day compared to its second half quota of mln they said its export capability will rise to mln bpd when a new pipeline through turkey comes onstream in or around september qatar is said to be achieving sales of around bpd against its opec assigned quota of by discounting up to cents a barrel from official prices the sources said iran the united arab emirates and kuwait are also cheating on the opec agreement with over production and effective price discounts through counter purchases industry sources said but they mostly agreed that saudi arabia will unofficially act as swing producer cutting production to compensate for higher output by other members or boosting output if spot prices rise too high too fast saudi arabia has a floating oil stockpile of to mln barrels saudi arabia wants oil price stability so the stockpile may be utilized to cool down the market if it rises too much an oil industry analyst said reuter" }, { "label": 0, "text": "willis faber says it making agreed mln stg bid for stewart wrightson" }, { "label": 1, "text": "saudi oil company gets new acting governor the acting governor of saudi arabia s state owned oil company petromin jamal hassan jawa has retired at his own request oil industry sources said they said ali ibrahim rubaishi head of organisation planning in petromin would take over as acting governor jawa held the post since his predecessor abdul hadi taher left in a major oil industry shake up last december the sources said rubaishi had not been expected to hold the post permanently the government removed taher and oil minister ahmed zaki yamani from their posts late last year in a move which industry sources said was aimed at coming to grips with a buyers oil market the two men had run the saudi oil industry for more than years industry sources said that despite huge resources saudi arabia had been unable to mould an oil marketing strategy tuned to the competitive realities of the s glut hisham nazer who replaced yamani successfully led an opec engineered return to fixed oil prices of dlrs a barrel last december nazer is believed to be reviewing saudi oil operations which could lead to a thorough overhaul in the way saudi arabia does business the sources said the sources had said possible candidates for the governor s job include prince abdul aziz ibn salman ibn abdul aziz who earlier ran a research center at saudi arabia s university of petroleum and minerals and former deputy planning minister faisal beshir they also list abdulla bakr president of the university of petroleum and minerals economist ali jonahi ahmed shinawi and zuheir masoud director of jeddah islamic port reuter" }, { "label": 1, "text": "uae oil minister oteiba visits egypt agency uae oil minister mana said al oteiba arrived in alexandria last night for a visit to egypt the national middle east news agency mena said it said oteiba who had just attended the opec ministerial meeting in vienna would stay for several days but gave no details non opec egypt has pledged to restrain output to support opec s moves to boost oil prices oil minister abdel hadi kandeel last week said egypt plans to leave its oil production of barrels per day unchanged for the next five years egypt is able to produce up to one mln bpd reuter" }, { "label": 0, "text": "willis faber bids for stewart wrightson willis faber plc wifl l will make an agreed mln stg offer for fellow insurance broker stewart wrightson plc a joint statement said the offer would be on the basis of three willis shares for every two in stewart valuing each stewart share at about p willis already owns mln shares or pct and has received acceptances from stewart s directors for a further shares full acceptance of the offer would involve the issue of mln new willis shares or pct of the enlarged total the companies said the proposed merger would bring together businesses that were largely complementary both believed the combination would permit more effective competition throughout the world and enahnce the service provided to clients following the merger the two companies saw significant opportunities for growth in brokerage income and considerable scope for improved operating efficiency willis shares were suspended on friday at p when trading restarted they dropped sharply to p stewart wrightson shares rose to p at gmt from a suspension price of p reuter" }, { "label": 1, "text": "norway extends pct oil output cut ministry norway will extend its pct cutback in planned north sea oil output in support of opec from july until the end of this year oil ministry spokesman egil helle told reuters we took a very positive view of the opec meeting in vienna he said the accord reached there means stability in the oil market and we shall continue making our contribution the cuts originally brought in from february would probably be officially approved on july by parliament helle said the ministry had written to norway s oil companies and would now discuss with them how best to implement the cuts opec agreed this weekend in vienna on an output ceiling of mln barrels per day bpd for the rest of and retained the fixed prices that were set in its december accord based on an dlr per barrel reference point opec s first half output ceiling was mln bpd and it s december pact had provisionally set a third quarter ceiling of mln bpd rising to mln in the fourth quarter norway which pumps around one mln bpd from its offshore fields previously said it would continue its output curbs from planned production for the rest of the year if opec remained within its december accord on output and prices norway s oil production rose pct to an average of around bpd in since then it has risen to around one mln bpd and is expected to reach about mln bpd by the pct cut from planned production implemented since february reduced norway s oil output by about bpd norway s oil minister arne oeien currently in iceland for a meeting of nordic ministers has made no official statement on the latest oil production cutbacks over the past year several other leading non opec producers including the soviet union mexico china malaysia and egypt have also pledged support for opec s bid to keep prices stable norway decided on the initial round of cuts following an opec agreement last december which boosted oil prices to around dlrs per barrel from around to dlrs last december norway relies on oil for about pct of its total export earnings and was hit hard by the collapse in the oil price during the first half of but firmer oil prices since then have brought some stability to the economy and helped narrow the foreign trade deficit norway s north sea neighbour britain has consistently refused to cooperate with opec output cuts saying it is up to the producing oil companies to set the levels of production reuter" }, { "label": 0, "text": "brent to buy lonrho division proposes rights brent walker group plc said it had agreed to buy the group of companies comprising lonrho plc s lrho l metropole casino division together with a freehold in central london for mln stg payment will be in cash on completion except for three mln stg payable on december brent said it also proposed to raise about mln stg net through the issue of mln convertible shares at one stg each the shares can be converted between and at the rate of four ordinary shares for every convertibles held on full conversion the issued ordinary share capital of the company would increase by some pct birdcage walk ltd a company controlled by the walker family owns pct of the shares and is entitled to mln convertible shares under the offer the trustees had indicated that it intended to sell enough of the convertibles nil paid to enable it to take up the remainder brent would buy the casino companies and the freehold of park lane in london under the arrangements it would also arrange for the repayment of mln stg in inter company debt brent walker shares firmed sharply on the announcement to p from p at friday s close while lonrho also firmed to p from p reuter" }, { "label": 4, "text": "bank of japan determined to keep easy money policy the bank of japan bought billion yen in certificates of deposit cds via repurchase agreements today to show its determination to maintain an easy money policy central bank officials said today s cd buying operation was designed to seek an announcement effect in which we would reassure the market of the fact that we have not changed our policy stance a senior central bank official told reuters the bank also bought billion yen in two month commercial bills to smooth out tight credit conditions in the interbank market today the officials said the central bank was concerned about growing market expectations of higher interest rates which were in part responsible for the recent plunge in stock and yen bond prices the officials said but money traders said the market generally shrugged off the bank s cd operation because it was small and at a rate far below prevailing market rates the rate on the key three month cds in the primary market was pct while the bank s bid was pct they said the bank s bill buying operation also had little impact because it was regarded as a routine operation they said the money traders said they regarded the central bank s cd buying operation as simply a gesture to live up to japan s pledge to guide interest rates lower and stimulate the economy we did not expect the central bank to ease its credit grip any further a bank manager said adding that the prevailing market expectation of higher rates will remain if this is the case the three month cd rate will stay above four pct for the time being he said reuter" }, { "label": 4, "text": "bank of japan to sell billion yen in bills the bank of japan will tomorrow sell billion yen in bills from its holdings to help absorb a projected money market surplus of billion money market traders said of the total billion yen will yield pct on sales from money houses to banks and securities houses in day repurchase agreements maturing on august the other billion yen will yield pct in day repurchase accords maturing on august the remaining billion yen will yield pct in day repurchase agreements maturing on august the repurchase agreement yields compare with the pct one month commercial bill discount rate today and pct on two month bills they attributed the projected surplus mainly to billion yen of government tax allocations to local governments and public bodies reuter" }, { "label": 2, "text": "ricoh co ltd rict t year ended march group shr yen vs net billion vs billion pretax billion vs billion operating billion vs billion sales billion vs billion note no forecast for current year reuter" }, { "label": 4, "text": "uae central bank cd yields unchanged yields on certificates of deposit cds issued today by the united arab emirates central bank were unchanged from those on last monday s offer the bank said the one month yield was set at last week s pct while two and three month cds also remained unchanged at pct the six month yield was set at seven pct reuter" }, { "label": 7, "text": "bangladesh s trade gap to widen in bangladesh s trade gap is expected to widen in fiscal beginning on july after the government relaxed restrictions on some imports including luxury cars the country has set its export target for the year at billion u s dlrs against imports of billion dlrs compared with s one billion dlrs of export earnings and billion dlrs of imports commerce minister mohammad abdul munim said the changes were aimed at encouraging export oriented industries to boost foreign exchange earnings and imports of essential machinery and raw materials to increase industrial production the government was easing procedures to enhance incentives especially for exporters of textiles and frozen food and importers of industrial machinery and raw materials munim told reporters commerce ministry officials told reuters the import policy covered only commercial imports amounting to billion dlrs imports of capital machinery and foodgrains by the government were not included in the policy they added they said the country s total import bill both commercial and other imports was expected to reach billion dlrs in the new year compared with billion dlrs in the minister said ending restrictions on imports of cars and dropping pct sales tax on small cars would not harm the economy munim said bangladesh feared a further drop in prices for its main export jute which will certainly affect our export earnings in the coming year bangladesh s jute exports fell to mln dlrs from mln in according official figures but munim said exports of non traditional items which accounted for over pct of total exports this year would play a key role in achieving the export target reuter" }, { "label": 4, "text": "bank of france cuts intervention rate to pct from pct official" }, { "label": 7, "text": "ec u s remain divided over pasta dispute top level talks last week between the european community ec and the united states failed to resolve a dispute over pasta which may provoke new trade frictions next month diplomatic sources said the u s insists the ec complies with what it regards as an unambiguous ruling from the world trade body gatt and dismantles an export subsidy system which has led to italy taking an increasing share of the u s pasta market the sources said the ec which currently provides subsidies of around cents a pound offered a compromise in last week s talks in brussels but that this was rejected by the u s u s assistant special trade representative jim murphy has returned to washington ahead of a theoretical july deadline for agreement set last august when the two sides resolved a related dispute over ec restrictions on u s citrus imports the diplomatic sources said the citrus issue could be reopened if the pasta dispute was not solved quickly it was also possible the u s would reimpose a pct tariff on ec pasta lifted when the citrus row was settled but the two sides may agree to extend the deadline for a few days as ec commissioners willy de clercq and frans andriessen are due to visit washington from july to reuter" }, { "label": 4, "text": "bank of france cuts seven day repurchase rate to eight pct from pct official" }, { "label": 1, "text": "extracts from opec communique following are extracts from the communique issued at the conclusion of the opec conference here the conference expressed satisfaction about the positive results of the agreement signed in december by which opec re established the system of fixed price at a level of dlrs per barrel supported by opec production ceilings distributed into national production levels the conference noted that all market indicators including spot prices in the market and netback values of all opec crudes have been firming up significantly thus consolidating the opec price structure as defined by the agreement the conference examined the supply demand outlook for the second half of the year and decided that in order to secure continued firm prices in the market opec production during the fourth quarter of will be equal to that of the third quarter i e mln barrels per day bpd distributed into the same national production levels as were defined by the above mentioned agreement for that quarter furthermore the conference decided to establish a committee of five heads of delegation to monitor the price evolution in the market in relation to the opec official prices in order to secure price stability around the opec price structure should there be any significant change in market prices the committee would immediately call for an extraordinary meeting of the conference with a view to deciding on the necessary opec production levels during the second half of the year which would secure the desired market stability the conference reiterated the necessity of member countries strict adherence to the agreement signed in december both in terms of official price and national production levels for this purpose the conference decided to establish a committee of three heads of delegation to undertake visits to member countries in order to motivate them to comply with the terms of the agreement moreover the conference stressed the necessity of the cooperation of the oil producing exporting countries outside opec as an essential prerequisite for a lasting market stability the conference therefore decided to reinstate the group of five heads of delegation established by the th extraordinary meeting of the conference in april to undertake the necessary contacts with those countries the conference observed the continued fall in the value of the u s dollar and agreed that the matter should be studied and reported to the next meeting of the conference the conference discussed the appointment of the secretary general and decided to discuss the matter again in its next ordinary meeting the conference extended the term of office of fadhil al chalabi as deputy secretary general for a period of one year from october the next ordinary meeting of the conference will be convened in vienna on december reuter" }, { "label": 4, "text": "poehl speaks against german interest rate cut bundesbank president karl otto poehl said west germany would be badly advised to lower interest rates and that he believed the economy would continue to recover after a six month lull asked by the newspaper bild am sonntag if lower interest rates could boost the domestic economy poehl said we would be badly advised if we forced further interest rate cuts this could under certain circumstances release new inflationary fears which would then be more likely to lead to higher interest rates he added poehl said germany had practically no growth in the past six months because of the mark s surge and the cold winter but since april statistics clearly show that the economy finds itself on a course of growth he said i expect this development to continue in the coming months asked about his expectations of a u s european community trade war poehl said such an event would be disastrous for this reason we in europe must avoid everything used by protectionist forces in the u s as pretexts he added this includes eliminating existing restrictions in the ec as far as possible protectionism is not found only in the u s reuter" }, { "label": 1, "text": "kuwait sees opec output over ceiling to end year opec output for the second half of including that of iraq will be above the official mln barrels per day bpd output ceiling agreed by opec saturday kuwait oil minister sheikh ali al khalifa al sabah said iraq refused to sign the pact by which opec maintained its ceiling at mln bpd for both the third and fourth quarters of in december opec set a provisional fourth quarter level of mln bpd now cut back to the third quarter target ali told a news conference that including iraq opec third quarter output will be between and mln bpd while fourth quarter output will be nearly mln bpd ali did not detail what effect he thought these production levels would have on prices iraq has an official first half quota of mln bpd rising to mln in the second half but has refused to adhere to it and has recently been producing around two mln barrels per day exporting it through pipelines to saudi arabia and turkey iraq s export capacity will be further boosted when a bpd oil pipeline via turkey comes on stream in about september iraq has been insisting on a quota equal to its gulf war enemy iran which has a quota of mln bpd rising to mln in the second half ali said the position of the bpd production from the neutral zone between saudi arabia and kuwait which has been supplied to iraq as war relief crude was fixed we will not discuss it there will not be any change he said ali said the conference which began thursday and ended saturday evening had been too short for all necessary problems to be adressed we are overdoing it in holding too short a meeting we sweep a lot under the carpet he said ali said the problem of price differentials between the prices of various opec crudes had not been dealt with properly at the meeting ali said the problem of differentials is a real one i would hate to be producing today a light crude and that problem has not been dealt with properly light crudes are overpriced relative to heavy crudes asked if the issue of differentials would be raised at the next opec meeting to be held in vienna on december ali said if my crudes are affected i will raise the issue i will not do the work of another minister kuwait s own crudes range from medium to heavy grades opec reintroduced fixed prices on february with a spread of dlrs a barrel between its lightest and heaviest crudes reuter" }, { "label": 1, "text": "iraq rejects new opec oil quota iraq has rejected its new opec production quota set in vienna for the second half of this year the official iraqi news agency ina reported it quoted oil minister issam abdul rahim al chalabi who returned sunday as saying iraq will continue to adhere to its position considering itself as not included in the agreement last december iraq rejected its assigned first half quota of mln bpd and demanded a share equal to the mln bpd quota set for iran its enemy in the nearly seven year old gulf war the accord reached by opec ministers in vienna saturday set an output ceiling of mln bpd for the group s members from july to december raising iraq s share to mln bpd and iran s to mln reuter" }, { "label": 2, "text": "fraser and neave ltd frnm si half yr to march shr cents vs cents int div six cents vs same group net mln dlrs vs mln turnover vs mln note div pay aug register july co says it expects results for the second half year to be similar to those of the first half reuter" }, { "label": 2, "text": "mitsui real estate development co ltd mrea t year ended march group shr yen vs net billion vs billion current billion vs billion operating billion vs billion sales billion vs billion note the company said the pct increase in group current profit from a year earlier was mainly due to a drop of two billion yen in interest payments reuter" }, { "label": 7, "text": "german may trade surplus billion marks april surplus billion official" }, { "label": 2, "text": "tata iron and steel pre tax falls pct year to march share rupees vs pre tax profit mln rupees vs billion net profit mln vs billion sales billion vs billion dividend pct vs same tax mln vs mln note full company name is tata iron and steel co ltd tata bo dividend is payable to shareholders on aug reuter" }, { "label": 0, "text": "kraft kra completes buy of quaker oat unit kraft inc said it has completed the previously announced acquisition of the anderson clayton foods division from quaker oats co for mln dlrs in cash reuter" }, { "label": 0, "text": "martin processing said it accepts dlrs share bid from courtaulds plc" }, { "label": 0, "text": "frontier frtr o buys malpractice business frontier insurance group inc said it acquired the malpractice book of business generated by medical quadrangle inc and medical professional liability agency ltd a producer of medical malpractice coverage it said the acquisition will enable all of frontier s medical malpractice coverage to be serviced internally reuter" }, { "label": 2, "text": "helene curtis industries inc hc st qtr net period end may shr profit four cts vs loss cts net profit vs loss revs mln vs mln reuter" }, { "label": 2, "text": "le groupe videotron ltee vdo to nine mths net period ended may shr cts vs cts net mln vs mln revs mln vs mln avg shrs mln vs mln reuter" }, { "label": 2, "text": "inter tel inc intla o nd qtr may oper net oper shr three cts vs one ct oper net vs revs vs avg shrs vs six mths oper shr five cts vs two cts oper net vs revs mln vs mln avg shrs vs note earnings exclude gain from utilization of tax loss carryforwards of dlrs or one ct a share in the quarter and dlrs or two cts a share for the six months reuter" }, { "label": 0, "text": "new generation products makes acquisition new generation products inc said it has acquired a pct ownership in personal protection technolgies inc new generation said personal protection is developing a group of personal care products which are effective in killing a variety of viruses and bacteria on contact for u s and export markets reuter" }, { "label": 2, "text": "town and country jewelry tnc first qtr net shr cts vs cts net dlrs vs dlrs revs mln dlrs vs mln dlrs note first quarter ended may the company s full name is town and country jewelry manufacturing corp reuter" }, { "label": 2, "text": "data architects inc dai nd qtr may net shr cts vs cts net dlrs vs dlrs revs mln dlrs vs mln dlrs six mths shr cts vs cts net dlrs vs dlrs revs mln dlrs vs mln dlrs reuter" }, { "label": 0, "text": "martin processing mpi accepts courtaulds bid martin processing inc said its board approved an agreement to be acquired by courtaulds plc cou l for dlrs a share the company said the transaction is valued at more than mln dlrs based on its shares of stock outstanding it said courtaulds has privately agreed to purchase a majority of martin s common from trusts established by julius hermes for dlrs a share it said courtaulds intends to conduct a tender offer for all the martin stock it does not own beginning as soon as necessary documents are prepared reuter" }, { "label": 2, "text": "lifetime corp lft year march net shr cts net mln dlrs revs mln dlrs note the company said year ago figures are not comparable due to its reverse merger last year reuter" }, { "label": 2, "text": "university genetics co ugen o rd qtr loss shr loss two cts vs loss four cts net loss dlrs vs loss dlrs revs dlrs vs dlrs nine mths shr loss cts vs loss cts net loss dlrs vs loss dlrs revs mln dlrs vs dlrs note the third quarter ended april reuter" }, { "label": 0, "text": "bsn bsn has purchased macgregor mgs stock bsn corp said it purchased macgregor sporting goods common stock in recent open market transactions bsn said its position is less than the five pct ownership which would require specific disclosure the company will continually review its position and may nelect to increase or decrease the number of shares owned it added reuter" }, { "label": 2, "text": "telecommunications network tnii o year net shr cts vs cts net dlrs vs dlrs revs mln dlrs vs mln dlrs note the year ended march reuter" }, { "label": 2, "text": "hovnanian enterprises hov st qtr may net shr cts vs cts net vs revs mln vs mln avg shrs vs reuter" }, { "label": 7, "text": "armistice eludes ec and u s in spaghetti war talks between the european community ec and the united states have failed to settle a trade dispute over pasta an ec commission spokesman said diplomatic sources said the dispute could provoke new trade friction unless it was settled soon washington is insisting that the ec comply with what it regards as an unambiguous ruling from the world trade body gatt and cut export subsidies which have allowed italy to take an increasing share of the u s pasta market the ec provides subsidies of about cents a pound on pasta exports the spokeswoman said the talks foundered on the question of how much the subsidy should be cut reuter" }, { "label": 0, "text": "utilicorp ucu unit buys stake in power plant utilicorp united inc said its utilco group subsidiary completed the purchase of a pct interest in westwood energy properties limited partnership for about mln dlrs the company said the partership is building and will operate a megawatt electric generation facility in schuykill county penn scheduled to begin commercial operation in july it said the pct interest was sold by westwood funding corp a wholly owned subsidiary of combustion engineering inc csp westwood funding retains an interest in the partership and serves as a general partner it said reuter" }, { "label": 0, "text": "coradian cdin o stake acquired by sage coradian corp said a group led by privately held sage equities group agreed to buy a pct interest in coradian in connection with the agreement the company said it sold shares at cts a share it said that in addition to common stock sage equities will receive warrants exercisable at dlrs a share reuter" }, { "label": 2, "text": "sikes corp ska st qtr may net shr cts vs cts shr diluted cts vs cts net vs sales mln vs mln note share results reflect two for one stock split to be paid july eight reuter" }, { "label": 2, "text": "inter tel inc intla o nd qtr may net shr four cts vs one ct net vs rev mln vs mln avg shares vs six months shr seven cts vs two cts net vs rev mln vs mln avg shares vs note qtr includes extraordinary gain of dlrs or one ct a share while six months net includes gain of or two cts a share reuter" }, { "label": 0, "text": "entertainment marketing demands crazy eddie shareholder list may pursue merger" }, { "label": 0, "text": "datacard datc o adopts dividend rights plan datacard corp said it adopted a dividend rights plan in response to deluxe check printers inc dlx having agreed to sell its pct interest in datacard to national computer systems inc nlcs o datacard declared a dividend distribution of one preferred stock purchase right on each outstanding share its common stock the dividend is designed to deter national computer or other potential suitors from preventing datacard from evaluating all alternatives to maximize shareholder value datacard said national computer told reuters june it could make a bid for datacard on june datacard filed suit in hennepin county district court in minnesota to block the sale of the pct stake of its stock to national computer in announcing the rights plan datacard said it is not designed to deter takeovers that would be consistent with the objective of maximizing stockholders value to all of datacard s stockholders the rights will not become exercisable until days after an announcement that a person or group has acquired beneficial ownership of pct or more of datacard s common stock once exercisable each right would entitle a holder to buy th of a share of datacard series a junior participation preferred stock for dlrs holders other than an acquirer would be entitled to purchase for six months after the right becomes exercisable a number of shares of the new preferred stock with a market value equal to twice the exercise price of the rights the rights dividend distribution is payable july to shareholders of record july reuter" }, { "label": 2, "text": "sheldahl inc shel rd qtr may net shr cts vs one cent net vs revs mln vs mln nine mths shr cts vs seven cts net vs revs mln vs mln note per share figures adjusted for three for two stock split paid april reuter" }, { "label": 0, "text": "federal resources fdrc o acquires retailer federal resources corp said it has acquired the capital stock and related real estate assets of new generation inc a regional consumer electronics specialty retailer terms of the acquisition were not disclosed new generation has annual sales volume of about mln dlrs federal resources said federal resources said it will search for additional acquisitions including but not limited to specialty retailers reuter" }, { "label": 0, "text": "entertainment em may seek crazy eddie crzy enetertainment marketing inc and its president elias zinn have demanded a list of crazy eddie inc shareholders from the company and said they may pursue a merger of the edison n j electronics retailer in a filing with the securities and exchange commission zinn said the demand for the shareholder list was made on june because he may desire to communicate with other crazy eddie shareholders regarding the affairs of the company zinn and his firm which disclosed they hold a pct stake in crazy eddie common stock said they may acquire more shares through a negotiated merger or tender offer entertainment marketing was informed on june by shearson lehman brothers inc acting on behalf of crazy eddie that it would be provided with certain information about crazy eddie it told the sec entertainment marketing a houston based firm involved in electronics wholesaling and televised home shopping sales proposed an eight dlr a share merger acquisition of crazy eddie on may and modified the proposal on june to include the possible participation of crazy eddie management entertainment marketing told the sec it expects to meet with crazy eddie representatives in the near future entertainment marketing also disclosed that it retained drexel burnham lambert inc as its financial advisor and investment banker in light of a june announcement from crazy eddie that chemical bank would no longer fund a mln dlr credit facility with the company plus further declines in the price of its stock entertainment marketing and zinn said they are continuing to evaluate their alternatives with respect to their investment in crazy eddie stock depending on its evaluation of the company including actions by crazy eddie s board and any possible third party bids for the company entertainment marketing and its president said they may hold their present stake in the company sell some of their shares or purchase more shares on the open market through private purchases or in connection with a merger or tender offer according to the sec filing entertainment marketing and zinn bought their current holdings of crazy eddie common shares between may and june at dlrs to dlrs a share or a total of about mln dlrs reuter" }, { "label": 0, "text": "cyclops cyl merger approved cyclops corp said shareholders approved a previously announced merger of the company with a subsidiary of dixons group plc it said dixons held about pct of cyclops stock following a tender offer and other purchases earlier in the year with the completion of the transaction dixons will proceed to pay dlrs a share to the remaining cyclops shareholders reuter" }, { "label": 0, "text": "vernitron vrn sets new record date vernitron corp said it has set a new record date of july for shareholders entitled to vote on the proposed merger of vernitron with sb holding corp the original record date was may vernitron said that it currently expects the special shareholder meeting concerning the merger will be held in august following its tender offer in november sb holding holds pct of vernitron a maker of electromechanical components and related products and services reuter" }, { "label": 0, "text": "energas egas o to buy texas american tae unit energas co said it has agreed in principle to purchase western kentucky gas co from texas american energy corp for mln dlrs in cash plus assumptrion of certain liabilities western kentucky is a gas distribution company which serves about customers in towns and communities in kentucky reuter" }, { "label": 0, "text": "gibraltar gfc to buy thrift for mln dlrs gibraltar financial corp said its gibraltar savings unit has agreed in principle to buy first federal savings and loan of ridgecrest for about mln dlrs cash the company said the actual price will be determined at the close based on net book value at may it said first federal is located in kearn county northeast of los angeles and has assets of mln dlrs it said the transaction is subject to a definitive agreement shareholder and regulatory approval reuter" }, { "label": 0, "text": "winley buys land from m d c holdings inc mdc winley home builders inc said it completed a land purchase agreement with m d c holdings inc mdc for dlrs in notes and preferred stock the company said it bought lots in colorado from richmond homes ltd an m d c unit in return for dlrs in promissory notes and dlrs in preferred stock the company said m d c has an option to convert winley preferred stock into pct winley common in a year reuter" }, { "label": 2, "text": "star classics inc scls o st qtr march net shr three cts vs two cts net vs rev vs avg shrs vs reuter" }, { "label": 0, "text": "gabelli firms have pct stake in digiorgio corp may seek control" }, { "label": 2, "text": "cleopatra kohlique inc cleo o year net year ended march shr three cts vs cts net vs revs mln vs mln reuter" }, { "label": 0, "text": "interstate bakeries ibc buys mexican food firm interstate bakeries corp said its royal american foods subsidiary agreed to buy the assets of landshire food products inc a new mexico based producer of packaged mexican food products terms of the proposed transaction were not disclosed reuter" }, { "label": 2, "text": "federated group inc fegp o st qtr loss period ended may shr loss eight cts vs profit six cts net loss vs profit sales mln vs mln reuter" }, { "label": 0, "text": "gabelli firms hold digiorgio dig stake a group of firms led by gabelli group inc told government regulators it holds a pct stake in digiorgio corp common stock and said two partnerships making up part of the group may seek control of the company in a filing with the securities and exchange comission the group of firms said it holds shares of digiorgio common stock of the total shares are held by gamco investors inc and gabelli funds inc for investment purposes the group said gabelli rosenthal and partners lp and g and r partners which hold the remaining digiorgio common shares told the sec their purpose is to ultimately obtain control of digiorgio contingent upon approval of digiorgio according to the sec filing as previously reported gabelli and co inc acting as investment advisor to a group including gabelli rosenthal proposed on june to acquire all digiorgio common shares for a per share price of dlrs in cash a subordinated note with a face value of eight dlrs pct redeemable preferred stock and one common share of the post buyout company the june buyout proposal which remains open until july also provides that key members of digiorgio management and some of its directors would be invited to remain with the firm and participate in the group acquiring the company the proposal is also subject to a due diligence review execution of a merger agreement arrangement of financing and receipt of government approvals all of which gabelli and co said could be completed within days between april and june the entire group led by gabelli group inc made net purchases of digiorgio common shares at dlrs to dlrs a share reuter" }, { "label": 0, "text": "unicoa to merge into its united insurance unit unicoa corp said it agreed to a merger with its wholly owned subsidiary united insurance co of america under the agreement each outstanding share of unicoa common stock will be converted into one share of united common stock the agreement is subject to shareholder and regulatory approval teledyne inc tdy owns about pct of unicoa s outstanding shares a shareholder meeting is expected to be held in august reuter" }, { "label": 2, "text": "hovnanian enterprises inc hov qtr earnings may end shr cts vs cts net vs revs mln vs mln avg shrs vs note first quarter report reuter" }, { "label": 0, "text": "fed approves citicorp purchase of some assets of sears calif thrift" }, { "label": 0, "text": "health properties hrp to buy properties health and rehabilitation properties trust said it reached an understanding to purchase three nursing facilities in mass and conn for mln dlrs from greenery rehabilitation group inc grgi o the buildings will be leased back to greenery for an initial term of seven years subject to renewal options for an additional years health and rehabilitation properties said the transaction is expected to close on or before august reuter" }, { "label": 0, "text": "bsn bsn buys stake in macgregor mgs bsn corp said it holds less than five pct of macgregor sporting goods the company said the stock was acquired through recent open market purchases and the stake does not require specific disclosure reuter" }, { "label": 0, "text": "vernitron vrn sets record date for merger vote vernitron corp said it has set a new record date for shareholders entitled to vote on the proposed merger of vernitron corp with sb holding corp for july vernitron which manufactures electromechanical components and related products and services said it expects that a special meeting of shareholders will be held in august vernitron said that sb holding holds pct in vernitron resulting from a tender offer in november reuter" }, { "label": 0, "text": "fed allows citicorp cci sears s thrift deal the federal reserve board said it approved citicorp s application to purchase through its subsidiary citicorp savings of oakland calif some assets and assume some liabilities of sears savings bank of glendale calif citicorp savings proposed to assume two billion dlrs in deposits and other liabilities and to purchase billion dlrs in assets of branch offices of sears savings the proposal involved less than one third of the assets and liabilities of sears savings owned by sears roebuck and co s the fed said that it generally has determined there were potentially adverse effects of allowing affiliations of banks and savings and loan associations although it has allowed bank holding companies to acquire some failing thrifts it said citicorp s proposal properly may be viewed as the permissible acquisition of certain assets and liabilities of s and l branches rather than the acquisition of an s and l citicorp savings the successor to the failed fidelity savings and loan association has assets of billion dlrs and operates branches in california mainly in the north sears savings has billion in assets and branches predominantly in southern california the application which was approved unanimously will not eliminate sears savings as a competitor the fed said reuter" }, { "label": 0, "text": "icn icn buys stake from eastman kodak ek icn pharmaceuticals inc said it purchased the remaining shares of viratek inc vira o owned by eastman kodak co owned as part of a previously announced program the company said it paid kodak dlrs a share or mln dlrs as previously announced icn also said it authorized the additional purchase of up to mln shares of viratek common to date icn said it bought a total of about mln shares of viratek including the shares purchased from kodak the company said it now owns pct of viratek as a result of these transactions reuter" }, { "label": 2, "text": "rite aid corp rad st qtr may oper shr cts vs cts oper net mln vs mln revs mln vs mln note st quarter net excludes a gain of mln dlrs or dlrs a share for discontinued operations reuter" }, { "label": 0, "text": "maxtor corp mxtr o buys private firm maxtor corp said it bought privately held storage dimensions inc for an undisclosed sum the company said storage dimensions incorporates maxtor s high capacity inch winchester and optical disk drives into a family of data storage subsystems for ibm pcs xts ats and compatibles storage dimensions is the creator or speedstor software a utility program that integrates high capacity disk drives into pcs maxtor said the purchase reflects its desire to compete in the high capacity segment of the pc market reuter" }, { "label": 2, "text": "super rite foods inc srfi o st qtr may shr cts vs seven cts net vs revs mln vs mln reuter" }, { "label": 0, "text": "sec charges campeau s allied stores with disclosure violations in recent takeover" }, { "label": 0, "text": "group may support cardis corp cds buyout a group of companies controlled by brookehill partners inc told government authorities it may support a buyout of cardis corp as a way to maximize the value of the company s stock in a filing with the securities and exchange commission the group disclosed that it currently holds a pct stake in cardis common stock and said it would likely support an acquisition of the company as a whole or in parts by another party terming such a move the most likely means for the company s shareholders to maximize the value of their investment although the group characterized its cardis stock holdings as principally for investment it said it intends to contact third parties who might be interested in an acquisition of cardis a los angeles based auto parts distributor the group added its has already had some contacts with others concerning the company but said no understandings have been reached the cardis common shares continue to offer opportunity for price appreciation on the basis of the company s asset value and earnings momentum the brookehill group told the sec the group which currently holds cardis common shares consists of new york based brookehill partners and its two subsidiaries brookehill equities inc a brokerage and moore grossman and derose inc an investment advisor walter grossmman s edward moore and robert derose all of new york each own one third interests in brookehill partners since april members of the brookehill group made net purchases of cardis common shares at approximately dlrs a share the group told the sec it may continue to purchase additional cardis stock but also reserved the right to sell its shares in the company reuter" }, { "label": 0, "text": "caremark cmrk o to vote baxter bax merger caremark inc and baxter travenol laboratories inc jointly announced that caremark shareholders will vote on july to approve the previously announced merger with baxter the companies said caremark shareholders of record as of june will be entitled to vote at the meeting to be held in newport beach calif at pdt on may baxter and carmark announced a definitive agreement for baxter to acquire carmark in a stock transaction valued at mln dlrs reuter" }, { "label": 0, "text": "sec says campeau unit violated disclosure rules the securities and exchange commission charged allied stores corp with failing to promptly disclose key steps it was taking last september to thwart a takeover attempt by campeau corp in an administrative complaint the sec said allied and its legal adviser failed to promptly inform shareholders and the agency that it had begun talks with youngstown ohio shopping center developer edward debartolo in response to campeau s takeover offer campeau acquired allied for an estimated billion dlrs on jan following a battle with debartolo on sept a day after allied disclosed that its board had urged rejection of campeau s sept tender offer for dlrs a share allied began negotiating the sale of six shopping centers to debartolo the sec said allied legal advisor and director george kern who heads the merger and acquisitions group at the new york law firm of sullivan and cromwell decided against amending allied s sec filing to disclose the talks even though they had resulted in sales price of mln dlrs for the shopping centers it said securities law requires takeover target companies to promptly disclose such things as the sale of major assets the day after campeau increased its tender offer to pct of allied s stock from pct and raised its bid to dlrs a share from dlrs on sept allied and a partnership headed by debartolo began negotiating a takeover deal aimed at thwarting campeau the sec said kern again decided against disclosing the talks in an amended sec filing the agency charged allied s first disclosure of the debartolo takeover was made on oct even though its board approved the merger on oct and the merger agreement was executed on oct the complaint said debartolo and campeau later engaged in a bitter battle for control of allied with campeau winning out later in october when it bought a block of mln shares of allied stock or pct of the total in a controversial move made only minutes after it dropped its hostile tender offer the acquisition of the additional pct which a federal judge allowed to be completed gave campeau a majority stake in allied campeau bought the rest at dlrs a share the sec said it had planned to file a court brief joining with allied in charging that campeau had engaged in an illegal tender offer but the sec brief was never filed since the case was dropped following an agreement between campeau and debartolo in the administrative proceeding against allied and kern the sec is asking for an administrative order that they comply with reporting provisions of securities laws in the future although allied is no longer publicly traded since it became a subsidiary of campeau it still files annual and quarterly reports to the sec because it has outstanding debt reuter" }, { "label": 2, "text": "great country bank gcbk o year may net shr cts vs n a net dlrs vs dlrs year shr dlrs vs n a net four mln dlrs vs mln dlrs assets mln dlrs vs mln dlrs deposits mln dlrs vs mln dlrs loans mln dlrs vs mln dlrs note the company does not give per share earnings as it converted from a mutual savings bank to a stock savings bank in january reuter" }, { "label": 0, "text": "allied signal ald completes unit sales allied signal inc said it completed the sale seven businesses in its electronics and instrumentation sector for billion dlrs in cash and in debt assumed by the purchasers the company said last december its would sell the units by mid it did not identify the buyers the company said the proceeds will be used to reduce debt continue the company s share buyback program and increase strategic investments in its core businesses and other corporate purposes it said the units sold were ampex corp amphenol prodcuts linotype group neptune international mpb corp revere corp and sigma instruments inc reuter" }, { "label": 0, "text": "cycare cycr o buys control data cad unit cycare systems inc an information processing systems company said it purchased the assets of control data corp s medtec unit for undisclosed terms medtec is a provider of patient accounting and scheduling systems for large scale group medical practices reuter" }, { "label": 0, "text": "becor bcw to adjourn delayed holders meeting becor western inc said no business will be transacted at the shareholders meeting scheduled for cdt tomorrow and the meeting will be permanently adjourned if a definitive agreement or transaction results from any of the offers now pending for the company s stock becor said a date for a new shareholders meeting will be established reuter" }, { "label": 0, "text": "universal communication ucs to sell assets universal communication systems inc said it has tentatively agreed to sell substantially all its assets for about mln dlrs in cash and notes plus limited profit participation the company said the terms of the sale have been approved by its board and by prime motor inns inc pdq owner of about pct of universal s outstanding stock it described the purchaser as a subsidiary of a company in the communications field which is one of the largest u s corporations the company said the transaction involves the payment of mln dlrs in cash a non interest bearing payment of mln dlrs in four equal instalments over four years and two promissory notes guaranteed by an affiliate of the purchaser it said a mln dlr pct note is payable in four equal instalments over four years it said a mln dlr pct note due dec includes participation in the profits of the acquiring company universdal said the profit element can be terminated with payments by the purchaser of either five mln dlrs in six mln dlrs in seven mln dlrs in or eight mln dlrs in reuter" }, { "label": 0, "text": "union uel to ends pact to sell canbra cbf to union enterprises ltd said its agreement to sell its interest in canbra foods ltd to macluan capital corp has been terminated union said macluan failed to make an offer for union s pct interest in canbra before the june deadline union said it is no longer bound by the agreement and is continuing to seek a buyer for the interest reuter" }, { "label": 0, "text": "ssmc ssm to buy cutters exchange division ssmc inc said it has executed a letter of understanding to acquire the parts catalog division of cutters exchange inc for an undisclosed amount ssmc spun off from the singer co smf a year ago said that the parts catalog division wholesales parts and needles to the industrial sewing trade in the u s under the agreement key managers and employees of the parts catalog division in nashville tenn will relocate to the ssmc facility in murfreesboro ssmc said reuter" }, { "label": 4, "text": "u s to end netherlands antilles tax treaty the treasury department said it notified the netherlands that it was terminating the income tax treaty as it applies to the netherlands antilles and aruba the termination is effective january the treasury said in a two sentence announcement the treasury decided to end the treaty after negotiations between the united states and the netherlands over the past eight years had failed to reach an accord a treasury spokesman said the decision means the sale by u s parent companies of eurobonds through netherlands antilles subsidiaries will no longer be free of the pct u s withholding tax the spokesman said terminating the tax treaty with the netherlands antilles may cause bond issuers to call in the bonds early most have maturities of years or less and were issued before the spokesman said he said the treasury did not expect the action to have an adverse effect on u s issuers of the bonds because the general decline in interest rates means they will be able to refinance at lower interest rates however the holders of the bonds presumably will be faced with lower yields reuter" }, { "label": 0, "text": "carolco pictures crc orbis in agreement carolco pictures inc said it signed a letter of intent to exchange mln of its shares for all orbis communications inc stock within the next days it said the carolco shares used in the exchange are valued at dlrs a share or a total value of mln dlrs and will be adjusted based on the price of carolco shares on the closing date it said orbis management will remain in place for at least three years reuter" }, { "label": 2, "text": "canadian home shopping cws to st qtr loss shr loss cts net loss revs mln note full name canadian home shopping network ltd period ended april was company s first quarter of operations reuter" }, { "label": 2, "text": "concord fabrics inc cis rd qtr oper net period ended may oper shr cts vs cts oper net vs sales mln vs mln nine mths oper shr dlrs vs dlrs oper net vs sales mln vs mln note period ended june one note earnings exclude gain on disposal of discontinued operations of dlrs or nine cts a share vs loss of dlrs or cts a share in the quarter and a gain of dlrs or cts a share vs a loss of dlrs or cts a share for the nine months earnings exclude losses from discontinued operations of dlrs or six cts a share in the quarter and dlrs or cts a share for the nine months reuter" }, { "label": 2, "text": "general public utilities gpu five mths net period ended may shr dlrs vs dlrs net vs revs billion vs billion note full name is general public utilities corp reuter" }, { "label": 2, "text": "comtrex systems corp comx o year loss year ended march shr loss three cts vs profit cts net loss vs profit sales vs avg shrs vs reuter" }, { "label": 0, "text": "seton sel directors approve merger agreement seton co said its board of directors unanimously approved an agreement and plan of merger providing for the merger of seton with a unit of s acquisition corp a new jersey company seton said its board of directors unanimously approved the merger in a meeting held today seton said the agreement and plan of merger provides that all shares of seton co common stock not held by s acquisition corp or its units will be converted upon the merger into the right to receive dlrs per share in cash reuter" }, { "label": 0, "text": "di giorgio dig to evaluate gabelli offer di giorgio corp said it plans to respond to an unsolicited recapitalization plan proposed by gabelli and co inc after the company its board and its investment bankers evaluate the proposal earlier gabelli said in a filing with the securities and exchange commission that it holds a pct stake in digiorgio and that it together with gamco investors inc may seek control of the company in addition on june the gabelli group proposed to acquire all of di giorgio s common shares for a combination of dlrs per share in cash a subordinated note with a face value of eight dlrs and one common share of the post buyout company the june buyout proposal remains open until july reuter" }, { "label": 2, "text": "data architects inc dai nd qtr may net shr cts vs cts net vs revs vs six mths shr cts vs cts net vs revs mln vs mln reuter" }, { "label": 0, "text": "british petroleum completes standard oil merger british petroleum company plc bp l has completed its merger with standard oil co of the u s srd raising its holding to pct from pct bp said in a statement the acquisition was made through bp s wholly owned subsidiary bp america inc bp took a pct stake in standard in raising its stake to pct in and pct in bp chairman sir peter walters will be chairman of bp america while robert horton is to be vice chairman and chief executive officer with frank mosier as president bp said further details would be released on july reuter" }, { "label": 2, "text": "thor energy resources thr year jan loss shr loss four cts vs loss seven cts net loss vs loss revs vs note full name is thor energy resources inc reuter" }, { "label": 2, "text": "hei corp heic o th qtr march loss oper shr loss cts vs profit three cts oper net loss vs profit revs mln vs mln year oper shr loss nine cts vs profit cts oper net loss vs profit revs mln vs mln note revenues exclude medical publishing and retail operations the company decided to dispose of during the fourth quarter which had fiscal year revenues of mln dlrs vs mln dlrs operating results exclude discontinued operations which had year loss of dlrs vs profit dlrs reuter" }, { "label": 0, "text": "rte rte buys some emhart emh assets rte corp said it completed the purchase of the u s aluminum electrolytic capacitor business and related assets of emhart corp for undisclosed terms reuter" }, { "label": 0, "text": "rochester rtc acquires canton telephone co rochester telephone corp said it completed the acquisition of canton telephone co and is now operating the company terms of the acquisition were not disclosed canton telephone serves about access lines in northwestern pennsylvania and had operating revenues of about dlrs rochester telephone said reuter" }, { "label": 0, "text": "san francisco not region hurt by restructuring corporate mergers and acquisitions in and around san francisco over the past seven years have had only a modest effect on the metropolitan area s economy a leading business backed organization said the bay area council a group of more than business firms said that a study of corporate restructuring in a nine county area found that san francisco itself had suffered some ill effects from corporate shake ups but that surrounding communities had not seventeen of the fortune companies in the area left due to corporate restructuring between and but another firms were added to the list ten of the departing companies were based in san francisco during the period only six located in the city achieved fortune status ted hall a council director and local managing director of mckinsey and co which conducted the survey said the study grew out of concern that mergers and acquisitions had seriously hurt the economic climate of northern california however hall said that only about jobs had been lost in the region while more than new jobs were created during the period at the same time he said the region experienced a greater rise in per capita income and lower unemployment than the rest of the united states and california council president george keller who also is chairman and chief executive officer of chevron corp told a news conference that the region had difficulties in persuading companies to locate there because of a fragmented local political system but he said that because of the amenities of living in san francisco he was the envy of many chief executives in other metropolitan area it s a great place to run a business he added but it s a hell of a place to do business with government the study concluded that chevron which mergered with gulf oil in would benefit in the long run from the restructuring activity among the corporate headquarters lost during the period were crown zellerbach memorex southern pacific castle cooke and rolm companies that grew enough during the period to make the fortune list included apple computer pacific telesis mckesson tandem computer u s leasing and amfac the study by the management consulting firm said that partly due to corporate restructuring the rate of job growth in san francisco has slowed since in addition it said that the loss of corporate leadership had adversely affected some of the bay area s civic and charitable activities reuter" }, { "label": 0, "text": "wtc shareholders approve pittston pco buyout pittston co said wtc international n v shareholders approved the acquisition of the company by pittston terms of the transaction call for pittston to exchange of its own common shares for each outstanding wtc share pittston said wtc is engaged in domestic international air freight ocean and surface freight forwarding and consolidation and distribution services reuter" }, { "label": 0, "text": "home federal hfbf o sets shareholder meeting home federal bank of florida f s b hfbf o said it has scheduled a special shareholders meetng for july to approve proposed changes to the bank s charter and merge with barnett bank inc s barnett bank of pinellas county n a home federal said the meeting is to approve a definitive agreement signed may calling for each share of home federal s common stock to be exchanged for about dlrs in market value of barnett common stock the exchange would be based on conversion of home federal shares of not less than or more than shares of barnett stocks at dlrs a share home federal said the total market value of the transaction would be about mln dlrs home federal said notice of the meeting and related proxy materials which has been filed previously with the securities and exchange commission and the federal home loan bank board were mailed on june to holders of record on june reuter" }, { "label": 1, "text": "chevron n sea find may hold mln bbls analysts a north sea oil find announced by chevron corp s chv chevron exploration north sea ltd may indicate a new field with recoverable crude oil reserves of mln barrels industry analysts said chevron said a sidetrack well on block on the u k continental shelf tested barrels per day bpd of api crude oil from the tertiary alba sand through a three inch surface choke the estimated amount of oil at the alba field is around mln barrels paul spedding of stockbroker kleinwort grieveson and co told reuters he said industry estimates put the total reserves at the field at over one billion barrels but given the low gravity of oil the recovery rate would be expected to be around pct analysts said the results were encouraging but the potential difficulty of operating and recovering oil in the field was shown by the fact that the first well had to be plugged and a sidetrack drilled the field seems to be shallow and widespread which will require a multi platform development in recovery pushing costs up christopher osborne of stockbroker hoare govett said most analysts said that although the low gravity of the oil found would require additional costs in recovery the test well showed that it flows well although the gravity of oil at the field seems to be low it seems to flow quite well and around mln barrels could be recovered carol bell of phillips and drew told reuters however chevron officials declined to comment on the analysts reserve estimates they said that without further research and drilling in the area this summer they would not disclose any reserve figures analysts said that if the field were declared commercial and developed there would be a ready local market for the heavy crude it produced most refineries are now upgraded to refine heavy oils and the price differentials between heavy and light crudes are a lot narrower today osborne said chevron operates the block on behalf of companies which include british petroleum development ltd dsm hydrocarbons uk ltd enterprise oil tns ltd marathon int pet gb ltd and phillips petroleum co u k ltd reuter" }, { "label": 0, "text": "arden group ardna o plans issuer tender arden group inc said it filed a registration statement with the securities and exchange commission covering two issuer tender offers it said one offer its directed to its class a common stock holders and another to holders of its pct debentures due march the planned offer for common stock holders calls for the company to exchange either dlrs in cash or dlrs principal amount of pct subordinated debentures due september or one share of a new class b common stock for each class a share held arden group said it also said the cash payment is subject to proration in addition the company said it plans to offer to exchange one dlr principal amount of pct debentures due september for each outstanding one dlr principal amount of pct debentures reuter" }, { "label": 0, "text": "lomas lnk shareholders approve acquisition lomas and nettleton financial corp said its shareholders approved at a special meeting the company s acquisition of equitable life leasing corp for mln dlrs equitable life leasing corp is a subsidiary of equitable investment corp which is owned by the equitable life assurance co of u s lomas said the acquistion price will consist of one mln in cash mln shares of the company s common stock shares of a new series c preferred stock and mln dlrs principal amount of nine pct senior notes due the company added that the acquisition will close june reuter" }, { "label": 0, "text": "almi group acquires interest in clearview baking almi group l p said its co chairmen michael landes and albert schwartz and its vice chairman michael spiegler have acquired a pct equity interest in clearview baking corp for undisclosed terms a dale mayo clearview s president and chief executive officer will retain a pct interest in the company almi group said reuter" }, { "label": 1, "text": "ecuador to produce above opec quota minister ecuador will produce crude oil in excess of its bpd opec quota during the second half of this year energy minister fernando santos alvite told a news conference ecuador plans to produce bpd in august rising to bpd next january the minister said we will be producing more than the quota to pay off the crude and products we have been lent by venezuela nigeria and kuwait and to compensate for the crude we have been unable to produce during the past few months he said earthquake damage to a pipeline sharply cut ecuadorean production from march to may this year santos said the move had been explained to fellow opec members during last week s meeting in vienna when an increase in ecuador s quota to bpd from was approved they understood our position and we believe we remain within the spirit of the quota agreement he said immediately before the march quake ecuadorean production was bpd with bpd exported while its production was down venezuela nigeria and kuwait loaned ecuador a total mln barrels of crude and four mln barrels of products santos said reuter" }, { "label": 2, "text": "laidlaw transportation ltd ldmf o third qtr shr cts vs cts net vs revs mln vs mln nine mths shr cts vs cts net vs revs mln vs mln avg shrs mln vs mln reuter" }, { "label": 2, "text": "morrison inc morr o th qtr may net oper shr cts vs cts qtly div cts vs cts oper net vs revs mln vs mln year oper shr dlrs vs dlrs oper net mln vs mln revs mln vs mln note operating net in both periods excludes loss mln dlrs or cts a share from discontinued operations reuter" }, { "label": 0, "text": "wal mart wmt completes acquisition wal mart stores inc said it has completed the acquisition of super saver warehouse inc and super saver is now a wholly owned unit of wal mart reuter" }, { "label": 0, "text": "kraft kra completes frostex acquisition kraft inc said it completed the acquisition of frostex foods inc for undisclosed terms kraft said last month it had signed a letter of intent to acquire the austin texas based foodservice distributor reuter" }, { "label": 2, "text": "precision target marketing ptmi o th qtr net qtr ended april shr profit one ct vs loss three cts net profit vs loss revs vs year shr profit four cts vs loss cts net profit vs loss revs vs note full name is precision target marketing inc latest year and quarter includes extraordinary gains of dlrs or three cts a share and dlrs or one ct a share reuter" }, { "label": 0, "text": "rte corp rte buys emhart corp unit rte corp said it completed the purchase of emhart corp s united states aluminum electrolytic capacitor business for an undisclosed sum the company said the capacitor business is part of emhart s electrical and electronic group marketed under the mallory brand name the company said the product lines it acquired had sales of mln dlrs last year reuter" }, { "label": 2, "text": "seven oaks international inc qpon o year net periods ended april shr cts vs cts net vs revs mln vs mln avg shrs vs reuter" }, { "label": 0, "text": "united medical corp um sells unit united medical corp said it will sell its trotter treadmills inc unit the company said the sale is in line with its strategy of refocusing on its health care service business it said it had received interest from several parties but no agreement has yet been reached trotter treadmills makes motorized treadmills for the exercise enthusiast and fitness club market it said its sales for this year are projected to be over mln dlrs reuter" }, { "label": 0, "text": "cycare systems inc cycr buys medtec cycare systems inc said it bought control data corp s cda medtec unit for an undisclosed sum the company said medtec s new client base could have a significant impact on long term revenues although it expects a minimal positive impact on earnings in the next six months it said the assets purchased include processing agreements software maintenance contracts and the supporting software reuter" }, { "label": 0, "text": "bass led group has pct bell and howell co stake for investment" }, { "label": 0, "text": "mcchip mcs to to acquire reserve holding mcchip resources inc said it has agreed to exchange its interest in oklahoma oil and gas properties operated by reserve exploration co rexc o for restricted reserve common shares the company said it will have a pct stake in reserve s outstanding shares as a result of the exchange reuter" }, { "label": 0, "text": "bass group has stake in bell and howell bhw an investor group led by robert bass of fort worth texas said it owns shares of bell and howell co common stock equal to pct of the company s common stock outstanding in a filing with the securities and exchange commission the group said it purchased bell and howell common shares between april and june at dlrs to dlrs a share the stock was acquired for investment purposes the group said adding it may purchase or sell additional shares in the future reuter" }, { "label": 6, "text": "u s reasserts plans for deterrent role in gulf the united states responded to an apparent escalation of iranian rhetoric with continued assurances that its expanded military force in the gulf would play purely a deterrent role i can only emphasize that our role there is deterrent that we re going to be assuring safety for american shipping and that that shipping is not related to the war itself state department spokesman charles redman told reporters he was asked about iranian claims that the united states was moving towards the brink of armed conflict with iran tehran radio quoted defence spokesman ali akbar hashemi rafsanjani telling a visiting nicaraguan delegation yesterday at the moment the united states is moving towards the brink of an armed encounter with us we are not concerned about this and believe that the u s presence in the war will make our nation even more serious we are determined to stand firm and will certainly win the united states disclosed last week it was beefing up its gulf fleet from seven to warships and also sending the refurbished battleship missouri to patrol just outside the strategic strait of hormuz entrance to the gulf the buildup ties in with u s plans to escort kuwaiti oil tankers which have been re registered to fly the american flag and gain naval protection against iranian attacks asked about the iranian rhetoric white house spokesman marlin fitzwater said we won t have any comment or response to the iranian statements our position has been made clear about the status of events in the gulf we want an end to the war with no winners and no losers and any activities or statements that tend to prolong the war or increase hostilities are not helpful or welcome redman said he could not independently confirm reports that iran has offered to halt attacks on gulf shipping reuter" }, { "label": 2, "text": "hartmarx corp hmx nd qtr may net shr cts vs cts net vs sales mln vs mln six mths shr cts vs cts net mln vs mln sales mln vs mln reuter" }, { "label": 0, "text": "cxr cxrl o torotel trtl o to settle suit cxr telcom corp and torotel inc agreed in principle to settle pending litigation regarding the sale of torotel s former halcyon communications inc unit to cxr in march the two companies said in a joint statement the agreement calls for cxr to pay to torotel dlrs in exchange for return of a mln dlr note and five mln cxr common shares valued at mln dlrs the companies said in june cxr filed the suit in san francisco federal court charging that the mln dlr price it paid for halycon was excessive torotel said it also said that in is suit cxr asked for seven mln dlrs in damages along with an unspecified punitive award reuter" }, { "label": 0, "text": "cablevision systems cvcc buys stations cablevision systems corp said it bought cable television systems in six dutchess county n y communities from dutchess county cablevision associates ltd the company said the acquisition of the new systems will add to its presence in new york it said it will add subsribers to its subscriber base reuter" }, { "label": 0, "text": "austec ail s complete purchase of private firm austec international ltd said its north american unit austec inc completed the purchase of privately held ryan mcfarland corp for an undisclosed sum the company said the two units combined are expected to have net revenues of about mln dlrs in ryan mcfarlnad develops cobol and fortran language compilers for the micro mini and mainframe computer markets austec international is based in melbourne australia ryan mcfarland is located in rolling hills estates calif reuter" }, { "label": 0, "text": "tecsyn international terminates takeover talks with investor group" }, { "label": 0, "text": "campeau says it is not part of sec proceeding campeau corp said it is not involved in the securities and exchange commission s administrative proceeding against allied stores corp which campeau acquired at the end of last year in a statement the company said the sec action involves events that occurred prior to campeau s acquisition of allied relating to the alleged failure of allied to make certain disclosures consequently campeau is not subject to the procedings reuter" }, { "label": 0, "text": "fortune systems fsys o approves unit sale fortune systems corp said its shareholders approved the sale of its computer hardware business to sci technologies inc the transaction is expected to close this week at its annual meeting fortune said shareholders also voted to change fortune s name to tigera inc its principal subsidiary is tigeral corp reuter" }, { "label": 0, "text": "tecsyn tsna to terminates takeover talks tecsyn international inc said it terminated takeover discussions with a u s based investors group after the group was unable to establish access to funds to complete the proposed transactions contrary to previous assurances tecsyn previously said it and its controlling shareholders accepted in principle a proposal from the group to offer nine dlrs a share for pct of tecsyn s outstanding shares the investor group also planned to invest mln dlrs in a private placement of four mln non voting tecsyn common shares the company said reuter" }, { "label": 0, "text": "goodyear gt to sell stake in toyobo petcord goodyear said it is selling its pct interest in toyobo petcord ltd of japan to its partner in the venture toyobo co reuter" }, { "label": 2, "text": "washington scientific wsci o nd qtr net shr cts vs two cts net vs sales vs six mths shr cts vs cts net vs sales mln vs mln note full company name is washington scientific industries inc second quarter ended june seven reuter" }, { "label": 0, "text": "gencorp inc says to sell general tire to continental gummi for mln dlrs" }, { "label": 1, "text": "venezuela budget sees dlrs oil price venezuela s government tomorrow presents a budget proposal for billion bolivars based upon an oil price of dlrs per barrel finance minister manuel azpurua said azpurua told reporters after a cabinet meeting the new budget projects ordinary income of billion bolivars and extraordinary income of billion oil revenues are expected to produce billion or pct of the total the finance minister said the oil revenue projection is based on an average price of dlrs per barrel in venezuelan oil through the first half of has averaged dlrs per barrel according to the state oil company petroleos de venezuela s a reuter" }, { "label": 0, "text": "gencorp gy to sell general tire gencorp inc and continental ag of hanover west germany jointy announced they signed an agreement for continental to buy gencorp s general tire inc subsidiary for mln dlrs in cash under the agreement the companies said continental will acquire general tire including its related domestic and foreign operations and gencorp will retain liability for the medical benefits of retired general tire employees who retired on or before november the sale is expected to be completed on or before november one and is subject to meeting certain conditions continental is europe s second largest tire producer last year the company had sales of billion dlrs with billion dlrs generated by its tire operations last year general tire had operating profits of mln dlrs on sales of billion dlrs and gencorp had operating profits of mln dlrs on sales of billion dlrs gencorp spokesman rip tilden said the company will retain about mln dlrs in liability for its former general tire employees under the agreement tilden said gencorp will use the proceeds from the sale to reduce its billion dlr debt in april gencorp sucessfully thwarted a takeover by a partnership formed by afg industries inc afg and wagner and brown with a restructuring program that included the purchase of up to pct or mln shares of its common at dlrs a share for a total of billion dlrs as part of the restructuring gencorp also said it planned to sell its tire business the bottling operations of its rko general inc subsidiary and rko s remaining broadcast properties to focus on the company s aerospace and automotive components businesses tilden said gencorp expects to realize about mln dlrs in after tax proceeds by the end of as a result of sale of several pieces of the nonbroadcast assets of the company including general tire the price paid for general tire would not cause us to reevaluate that estimate said tilden general tire employs people worldwide and has four tire manufacturing plants in the u s and one in canada in a statemnet a william reynolds gencorp chairman said the sale of general tire represents a critical accomplishment in our plan to restructure gencorp reynolds also said gencorp s previously announced sale of its other businesses are proceeding satisfactorily among the pieces of gencorp s empire that remain to be sold are its rko bottling operations gencorp agreed to sell rko s khj tv station to walt disney co dis for mln dlrs that deal awaits approval by the federal communications commission gencorp also received dlrs after tax from the sale of rko s wor tv reuter" }, { "label": 2, "text": "advanced institutional aims o year loss shr loss cts vs profit cts net loss mln dlrs vs profit dlrs revs mln dlrs vs mln dlrs note the year ended march the company s full name is advanced institutional management software inc reuter" }, { "label": 0, "text": "kellwood kwd buying three companies kellwood co said it signed a definitive agreement to acquire robert scott ltd inc david brooks ltd inc and andrew harvey ltd of dedham mass terms were not disclosed combined sales of the three companies in were over mln dlrs it said the deals are expected to be completed by july kellwood said reuter" }, { "label": 0, "text": "a h robins says rorer group merger proposal merits further consideration" }, { "label": 0, "text": "digital communications dcai o buys fox unit digital communications associates inc said it agreed with fox technology inc foxt o to buy its fox research inc unit for a cash payment and the assumption of liabilities of around mln dlrs the company said part of the agreement includes payment of up to an additional mln dlrs based on the performance of the unit in the year following the closing the company said the deal is expected to be closed in mid august fox research develops makes and markets local area networks for personal computers reuter" }, { "label": 0, "text": "a h robins qrah to consider rorer offer a h robins co said its board has concluded that the merger proposal submitted by rorer group inc ror merits further consideration at the request of the board rorer has agreed to extend until edt july its deadline for response from a h robins after rorer announced its second bid for the company last thursday analysts forecast that the robins family which holds control of the company would vigourously oppose any merger but the analysts added that robins desire to emerge independent from two years of bankruptcy proceedings may be thwarted by some robins shareholders who perceive a merger as a more expedient way of dealing with the company s dalkon shield related liabilities after a failed first attempt earlier this year rorer s latest merger plan calls for a share swap worth about mln dlrs rorer would also set up two trusts to cover the estimated billion dlrs in liabilities to deal with about claims by women who suffered maladies from the use of the dalkon shield interuterine device reuter" }, { "label": 0, "text": "citicorp cci savings extends california reach citicorp has extended its reach into the california market with citicorp savings acquisition of of sears roebuck s s sears savings bank branches bringing its presences to branches in communities citicorp savings said thrift industry analysts said the move approved by the federal reserve board today is a plus for citicorp and shows its serious intent to penetrate the california market the acquisition mostly extends citicorp s reach into southern california where of the branches are located citicorp savings was predominantly in northern california this marks our first major expansion in california particularly in the south said citicorp savings president edward valencia in a statement thrift industry sources said they do not see a major near term impact on the southern california thrift market but do expect citicorp to be a more aggressive competitor than sears was in that market we do believe they will be a better competitor than sears said james stutz executive vice president of home federal savings and loan association hfd based in san diego banking industry sources said the move is viewed as groundwork to establish citicorp throughout the california market well before the law change that will allow it to operate as a bank in the state they said citicorp is likely to convert the branches to banks at that time in the near term however analysts said with seven billion dlrs in assets citicorp savings is still not a major force in the thrift market against such large california thrifts as home federal great western financial corp gwf h f ahmanson and co ahm golden west financial gwd and great american first savings bank gta reuter" }, { "label": 0, "text": "contel ctc unit sales seen by analysts contel corp s telecommunications equipment unit is the most likely candidate for sale by the atlanta based telecommunications company wall street analysts said executone is at the top of the list said one analyst referring to contel s loss riden telecommunications equipment unit the question is who would take it he added the company forecasting a pct drop in operating earnings over last year said late today that it is reviewing all operations in an effort aimed at maximizing long term stockholder value analysts also said contel s federal systems division which has been hit with several executive defections may also be put on the block contel officials declined to comment on the possibility of selling any operations however the company indicated in a statement that it was closely evaluating the telecommunications and federal systems units reuter" }, { "label": 2, "text": "royal gold and silver corp rgs to six mths net shr profit two cts vs loss two cts net profit vs loss revs mln vs nil note period includes dlr extraordinary gain reuter" }, { "label": 0, "text": "cdc life sciences lsi to stake sold canada development corp cdc to said it agreed to sell its pct interest in cdc life sciences inc to caisse de depot et placement du quebec the provincial pension fund manager and institut merieux a french biological laboratory company for mln dlrs it said the caisse and institut merieux will each buy mln common shares of the company for dlrs a share it said following the transaction the caisse will hold about pct of cdc life sciences canada development said the purchasers do not plan to acquire the remaining publicly held shares reuter" }, { "label": 0, "text": "cyclops cyl holders approve dixons merger dixons group plc said shareholders at a special meeting of cyclops corp approved the previously announced merger of cyclops with dixons under the terms of the merger dixons said the remaining public cyclops shareholders are to receive dlrs a share dixons also said the previously announced sale of cyclops steel and nonresidential construction businesses to a former alleghany corp y subsidiary is expected to be completed june after the sale cyclops will retain its specialty retailing business and change its name to silo inc said dixons reuter" }, { "label": 0, "text": "ste genevieve ups offer for sullivan sum to ste genevieve resources ltd said it increased its cash takeover bid for sullivan mines inc shares to dlrs a share it did not give the original bid the offer is for a minimum five mln common shares and a maximum six mln shares the company said it gave no further details reuter" }, { "label": 3, "text": "u s soviet grain meeting unlikely this summer prospects appear slim for a summer meeting between u s and soviet officials before the two countries enter the final year of their bilateral grains agreement agriculture department officials said the two sides usually try to meet as each new year of the agreeement approaches although the last meeting was delayed up to last february however any delay this year should not endanger the fifth year of the grains agreement that extends through september usda officials said it will be difficult to pull together the people for the meeting during july an aide to usda undersecretary daniel amstutz said since the last meeting was only around four months ago the next talks could still be a couple more months he said there has been grain industry speculation that the usda will offer moscow another wheat subsidy during the next marketing year but usda officials said even if consultations were held soon a subsidy offer would probably not be made i doubt that there would be any subsidy offer this summer or before the next agreement year begins a usda source said citing limited subsidy funds and uncertainties about next year s crops he said there are too many variables now it would be uncharacteristic of us to make an offer now under the nonbinding pact moscow has agreed to purchase a minimum of nine mln tonnes of u s grain per year soviet and u s officials normally meet in the summer before the start of a new agreement year to discuss grain quality shipping logistics and production outlooks reuter" }, { "label": 0, "text": "ge credit says it will buy kraft inc s d and k financial corp" }, { "label": 2, "text": "wall and redekop corp wrk to three mths net shr five cts vs one ct net vs revs mln vs mln note period ended april reuter" }, { "label": 0, "text": "justice opposes quick greyhound trailways merger the justice department said it asked the government to proceed cautiously on a plan allowing the nation s two largest intercity bus companies to merge their operations a move one of the firms said may derail the deal justice s opposition to quick federal approval of a bid by greyhound lines inc to take immediate control trailways corp prompted greyhound to threaten in a brief filed with the interstate commerce commission icc to drop the merger plan greyhound officials told reuters late today the company hoped for icc action on the merger by tomorrow greyhound lines will go forward with the transaction only if it is permitted to assume immediate unconditional control of trailways operations and to integrate them with its operations greyhound said in a filing with the icc the federal regulatory agency which has the final say over mergers of interstate bus companies but justice had said in an earlier filing with the icc that it wanted the agency to move slowly on the plan and to turn down greyhound s request to begin operating trailways immediately the department has just begun to receive relevant information on trailways financial condition and is in the process of assessing the correctness of the company s allegations acting assistant attorney general charles rule said in comments submitted to the icc greyhound announced june that it wanted the icc to let it begin operating trailways immediately while continuing to evaluate the merger for possible antitrust problems greyhound said it would pay mln dlrs for many of trailways terminals buses and garages the two companies said in papers filed with the icc that trailways could collapse in a matter of days they said trailways owed suppliers more than six mln dlrs with another six mln dlrs due june the suppliers they said could force trailways into bankruptcy at any time trailways also owes a consortium of banks mln dlrs and the consortium has threatened to call the loan if trailways fails to pay the interest due june they said reuter" }, { "label": 0, "text": "allied signal ald sells to schlumberger slb allied signal inc and schlumberger ltd jointly announced that schlumberger had acquired allied signal s neptune international unit terms weren t disclosed atlanta ga based neptune which makes water meters and flow measurement equipment had sales last year of mln dlrs reuter" }, { "label": 2, "text": "lennar corp len nd qtr may shr cts vs cts net vs revs mln vs mln six mths shr dlrs vs cts net mln vs revs mln vs mln reuter" }, { "label": 0, "text": "digital dcai o to acquire fox foxt o unit digital communications associates inc dcai o said it has entered into an agreement to acquire substantially all the assets of fox technology inc s fox research inc subsidiary the company said it will assume about mln dlrs of fox liabilities with a provision for a further mln dlrs based on the future financial performance of fox during the one year period following the closing of the deal it said the acquisition is subject to approval by fox shareholders and is expected to close in mid august reuter" }, { "label": 0, "text": "general electric ge to buy kraft kra unit general electric co s ge credit corp said it agreed to buy all of the capital stock of kraft inc s wholly owned subsidiary d and k financial corp terms of the acquisition were not disclosed d and k with assets of more than one billion dlrs is one of the leading u s companies involved in the leasing of fleets of cars according to ge credit jim ahtes a spokesman for ge credit s outside public relations firm manning selvage and lee inc emphasized that the terms of the acquisition had not yet been approved reuter" }, { "label": 0, "text": "iep lifts ultramar and ogelbay norton stakes industrial equity pacific ltd iep the hong kong listed unit of brierley investments ltd brya we said it has lifted its stakes in british oil company ultramar plc umar l and u s firm ogelbay norton co iep told the stock exchange it now holds mln ultramar shares representing pct of the issued capital it holds shares in ogelbay representing pct of the delaware based company no other details were available reuter" }, { "label": 5, "text": "miyazawa says g still supports louvre accord japanese finance minister kiichi miyazawa said the group of seven g nations still support the louvre accord to stabilise currencies he also told a news conference following a cabinet meeting that the group of five g and g do not have any plans to meet for talks the finance minister further said that overseas stock market plunges will not lead to a freefall in the tokyo stock market there is no special worry about the stock market in tokyo he added miyazawa said the tokyo stock market should not be gravely affected by the downturns of markets in new york and london because there is a clear sign of an economic recovery in japan and stability of exchange rates asked if the u s had contacted japan after the stock market plunge in new york miyazawa said there was not any contact reuter" }, { "label": 5, "text": "miyazawa says baker s remarks were aimed at just reaffirming louvre agreement" }, { "label": 5, "text": "baker remarks aimed at confirming accord miyazawa japan s finance minister kiichi miyazawa said that remarks by u s treasury secretary james baker on sunday that some nations were not abiding by the spirit of the louvre accord were just aimed at reaffirming that agreement the agreement to cooperate in stabilising currencies was reached in paris in february this year the finance minister made the remark at a news conference which followed a morning cabinet meeting reuter" }, { "label": 1, "text": "venezuela sees flat oil price despite u s attack world oil prices would remain stable despite the u s attack against iranian oil platforms and growing tension in the gulf venezuelan energy minister arturo hernandez grisanti said on monday he described the situation as extremely tense but said gulf military activity would not significantly affect prices because supply and demand were roughly equal demand for opec crude in the final quarter of was mln barrels per day bpd and the group s members were now pumping above mln bpd he told a news conference hernandez grisanti said the supply demand balance was precarious and prices were in danger of falling from their current average of about dlrs per barrel if overproduction continued three or four members of the nation organisation of petroleum exporting countries were overproducing in an exaggerated manner above their assigned quotas he said opec s overall ceiling is mln bpd reuter" }, { "label": 5, "text": "if dollar follows wall street japanese will divest if the dollar goes the way of wall street japanese will finally move out of dollar investments in a serious way japan investment managers say the japanese the dominant foreign investors in u s dollar securities have already sold u s equities but if the dollar falls steeply which did not happen yesterday japanese investors will definitely try to withdraw significant funds from u s shares said akira kawakami deputy manager of nomura investment trust and management co ltd s international investment department an unstable lower dollar would also affect japanese investment in u s bonds japan u s interest rate differentials which currently look wide enough mean nothing in the absence of dollar stability said kawakami u s bonds could benefit due to a gloomy economic picture following the estimated huge losses in stocks by major u s institutional and individual investors he said the effect should be to rule out any u s interest rate rise but most japanese investors in u s bonds are still wiating to see if the dollar really is stable he said the dollar was holding firm at above yen on tuesday morning although japanese investors sold huge amounts of stocks in new york yesterday most are still looking for chances to lighten their u s stock inventories hiromitsu sunada manager of meiji mutual life insurance co s international investment department said their sales helped send wall street stocks down points to the market s biggest percentage drop since investment in u s stocks and bonds is difficult considering the dangers said katsuhiko okiyama deputy general manager and chief adviser of yamaichi securities co ltd s fixed income securities marketing group japanese investment at home could start to pick up once markets have stopped reacting to wall street the managers said the tokyo yen bond market is likely to stabilise in one or two weeks which is what investors have been waiting for the bottom for yen bonds should be around a pct yield for the pct th bond they said the basic background which has supported the stocks and bonds markets has not changed said norio okutsu assistant general manager of nikko securities bond department but new outflows of funds to the u s will be decreasing however this was already evident three months ago he said reuter" }, { "label": 1, "text": "malaysia advised to raise crude oil output in malaysia s national oil company petronas has advised the government to raise crude oil output to barrels a day bpd in from a current bpd a senior company official said we have the capacity to produce the amount rastam hadi petronas s vice president for upstream sector said the government will announce its decision on friday when it unveils the country s budget malaysia raised output this month to current levels from bpd after reviewing the world oil market in may malaysia cut output to bpd from in response to a call by opec to boost prices reuter" }, { "label": 5, "text": "sumita welcomes u s west german joint confirmation of louvre accord" }, { "label": 5, "text": "sumita welcomes u s japan agreement on louvre bank of japan governor satoshi sumita said he welcomed monday s u s and west german joint confirmation of their commitment to the louvre accord sumita said in a statement that world stockmarkets were excessively concerned about the economic future the bank of japan will continue to adhere to a system of policy coordination based upon the louvre accord of february he said the accord called for stability in foreign exchange rates exchange rates generally are regaining stability and the economies of industrialised nations are heading for a steady recovery he said reuter" }, { "label": 5, "text": "new zealand will continue firm monetary policy the reserve bank of new zealand said there was no evidence to suggest the fall in share prices had affected financial stability and it would maintain its firm monetary policy governor spencer russell said in a statement the central bank did not accept arguments that the battle against inflation should now take a low second priority after the sharemarket s plunge russell said the bank had two statutory responsibilities to implement the government s monetary policy to bring down inflation and to ensure the financial sector s stability unless the bank is directed otherwise the firm monetary policy will continue because it is very much in the national interest that it do so he said and there is yet no evidence available to the bank to suggest that the fall in share prices has affected the stability of the financial sector the barclays share index fell a record points to on tuesday a decline of pct reuter" }, { "label": 4, "text": "aquino says manila watching interest rates closely president corazon aquino said the philippines was closely monitoring interest rates in the wake of monday s record drop on wall street and steep declines in manila and other asian stock markets we will monitor these developments closely and will continue to hope that they do not precipitate large declines in economic activity around the world aquino told a meeting of major philippine business groups the philippines as a trading country in the world economy depends on the continued health and growth of both the world economy and the world trading system she said the manila stock exchange composite index plunged points or pct by the midday close to depressed by the record point fall of the dow jones industrial average on monday the philippines in addition as a large borrower nation is affected by developments in interest rate levels around the world and will carefully monitor the impact of these developments on interest rates on gold and on commodity prices aquino said we welcome the statements from world leaders that urge calm in the present difficult situation she added reuter" }, { "label": 4, "text": "poehl says german and international interest rate rises are cause for concern" }, { "label": 6, "text": "iranian tanker reports sighting mine in gulf an iranian shuttle tanker reported spotting a floating mine in the central gulf on tuesday about miles west of lavan island regional shipping sources said the khark iii owned by the national iranian tanker co gave the position of the mine as degrees minutes north east there was no indication of measures being taken against the mine which is in iranian territorial waters reuter" }, { "label": 0, "text": "faber open for offers on morgan grenfell stake willis faber plc wifl l chairman and chief executive david palmer said the company would consider any bid for its pct shareholding in morgan grenfell group plc mgfl l but had not yet received any offers we will entertain any approaches he told reuters in reply to questions following u k press speculation in an earlier statement faber said that if an offer were to be received for its stake in the merchant banking group it would be considered on its merits reuter" }, { "label": 0, "text": "corby distilleries to expand in canada corby distilleries ltd pct owned by allied lyons plc alld l subsidiary hiram walker goodman worts is to buy the spirits business of mcguinness distillers ltd of toronto for mln canadian dlrs mcguinness is a producer and marketer of spirits and also has exclusive agencies for some imported wines and spirits the sale is subject to the approval of the bureau of competition policy michael jackaman president and chief executive officer of hiram walker and allied vintners said the acquisition is an excellent one both commercially and financially reuter" }, { "label": 4, "text": "poehl says rate rises are cause for concern rises in west german and international interest rates are a cause for concern and the bundesbank has no interest in higher capital market rates bundesbank president karl otto poehl said we consider the interest rate increase that has occurred here and internationally to be a problem and cause for concern poehl told an investment conference i would like to stress that the bundesbank has no interest in higher capital market rates he said shortly after poehl spoke the bundesbank announced a tender for a securities repurchase pact at a fixed rate of pct previous tenders over the last month by interest rate have seen the allocation rate on these facilities rise to pct at last week s pact from on the last fixed rate tender in late september the bundesbank s reduction of the key allocation rate to from pct was heralded monday by repeated injections of money market liquidity at between and pct these moves to cap interest rates followed a meeting between poehl finance minister gerhard stoltenberg and u s treasury secretary james baker monday in frankfurt officials said afterwards the three men had reaffirmed their commitment to the louvre accord on currency stability over the weekend criticism by baker of the tightening in west german monetary policy had prompted a sharp fall of the dollar on speculation that louvre cooperation had ended but the dollar rallied on news of monday s meeting in nervous trading to trade above marks tuesday poehl said that the recent rise in interest rates was not due to central bank policy but to markets expectations and currency developments commenting on the inflationary expectations poehl said you have to get to the root of the problem you have to pursue a policy which reveals that there are no grounds for such fears the inflationary fears were unjustified and exaggerated he said poehl rebuffed recent u s criticism of west germany saying the bundesbank had made a substantial contribution to international cooperation in interest and monetary policy the bundesbank has tolerated an overshooting of its money supply target arousing criticism from other quarters he said today we still have lower interest rates than at the end of quite the contrary of other countries where interest rates have risen substantially more poehl said this had to be taken into account when considering recent rises in repurchase pact allocation rates which were due to rising international money market rates that had spilled over into the german market he said poehl expressed surprise that financial markets had so far ignored improvements in the u s deficits the adjustment process in the u s trade balance is definitely underway he said noting that this was not so noticeable in absolute figures the spectacular improvement in the budget deficit had also attracted little attention he said reuter" }, { "label": 0, "text": "lawson says bp share offer going ahead u k chancellor of the exchequer nigel lawson said the government was going ahead with this month s flotation of british petroleum co plc bp l shares despite the collapse on international stock markets we are going ahead because the whole issue has been underwritten we had it underwritten because there is always a risk of this sort of thing happening lawson said in a bbc radio interview lawson s remarks came as renewed selling on the london stock market took bp shares down a further p to well below the p price set for the around seven billion stg issue lawson said the u k economy is fundamentally sound and added that stock markets had reflected that recently i profoundly believe in the market system as the best way for securing economic prosperity but that does not mean to say the markets are infallible my advice to small investors is to remain calm there is absolutely no reason not to do so lawson said reuter" }, { "label": 4, "text": "tokyo stock plunge could force easier money policy plunging tokyo stock prices will prevent the bank of japan from raising its discount rate and could even force it to ease monetary policy if the collapse continues government and private economists said a rise in interest rates now would only serve to spark further selling of shares that could ultimately have a major deflationary impact on the real economy they said although bank of japan officials have consistently maintained that they had no plans to raise the pct discount rate many in the markets have thought otherwise fears of a rise in the discount rate were fanned by the central bank s apparent decision last week to countenance higher rates on commercial bills dealers said but today s stock market collapse prices fell nearly pct means that the bank of japan would be hard pressed to raise the discount rate now despite its concerns about a renewed outbreak of inflation dealers and economists said japanese government bond prices rose sharply today as the markets concluded that the stock market s collapse precluded the central bank from carrying out the widely rumoured discount rate increase a senior government economist suggested that both the u s and japan needed to ease monetary policy now to prevent a further drop in new york and tokyo stock prices they need to support the stock and security markets he said but bank of japan officials said they saw no need to change policy for the moment although one admitted that the central bank may have to rethink its strategy if tokyo stock prices continue to plunge during the rest of the week both government and bank of japan economists agreed the economy is better placed now to cope with the deflationary impact of plunging stock prices than it was a few months ago with the economy recovering strongly the steep drop in stock prices is not likely to put a major dent in consumer and business confidence one government economist said there will be some impact on the real economy but it won t be that big said another individuals are not heavily invested in stocks on their own although they do participate through trust funds and other investment vehicles and while many manufacturing firms turned to financial market investments for profits during last year s economic downturn the recent rebound has allowed them to refocus their attention on their core businesses he said paradoxically it is the pick up in the economy that is partly to blame for the stock market collapse as companies have shifted funds away from financial investments to increase inventories and step up capital spending one government economist said in deciding what response to make to the steep stock price drop the bank of japan must first determine whether prices will continue to fall further and then decide if they pose a greater economic danger than the threat of higher inflation one central bank official said that will at least take a couple of days if not weeks he said reuter" }, { "label": 5, "text": "stoltenberg says meeting with baker underscored monetary cooperation" }, { "label": 5, "text": "stoltenberg says baker meeting underscores accord west german finance minister gerhard stoltenberg said the meeting on monday with u s treasury secretary james baker underscored the determination of the u s and west germany to continue close cooperation to stabilise foreign exchange rates stoltenberg told a news conference the statement released yesterday monday after the private meeting emphasized our determination to continue the close economic cooperation regarding foreign exchange stabilization and monetary policy stoltenberg said that he baker and bundesbank president karl otto poehl had a very constructive discussion and had all reached a positive evaluation of the louvre accord during their meeting on monday stoltenberg said initial contacts with several european counterparts showed that they shared this view we expect the declaration of our unified position to have a positive effect he said he noted that the dollar firmed again in late u s trading after the outcome of the baker meeting was published reuter" }, { "label": 5, "text": "louvre accord vital to w germany stoltenberg west german finance minister gerhard stoltenberg said the louvre accord was vital to west germany stoltenberg told a news conference given west germany s unusually high dependence on world trade and exports it is vital for west germany to continue its constructive contribution to trusting international cooperation on the basis of the louvre accord some monetary analysts have speculated that inflation conscious bundesbank vice president helmut schlesinger may have been leading the central bank to a course of tighter monetary policy stoltenberg is due to attend a routine bundesbank meeting on thursday in west berlin he declined to forecast what if any policy decisions the bundesbank might take reuter" }, { "label": 5, "text": "stoltenberg does not rule out central bank intervention to stabilize currencies" }, { "label": 5, "text": "further marked dollar fall would burden u s trade deficit stoltenberg" }, { "label": 5, "text": "stoltenberg declines comment on possible changed targets for currencies" }, { "label": 5, "text": "stoltenberg declines comment on currency zones west german finance minister gerhard stoltenberg declined to comment on whether unpublished target zones for currencies agreed at last february s louvre accord had been changed as a result of the meeting on monday with u s treasury secretary james baker he was asked about target zones at a news conference in bonn stoltenberg referred to a statement released after monday s meeting which said continuing cooperation was aimed at promoting currency stability at current levels this was the same formula used in the text of the louvre accord he noted reuter" }, { "label": 5, "text": "stoltenberg does not rule out intervention west german finance minister gerhard stoltenberg said he could not rule out the possibility of central bank intervention to support currencies asked at a news conference whether central banks were prepared to intervene to defend currencies he said we cannot rule out the use of any instrument which leads to foreign currency stability however he added that in the end it was market forces which prevailed reuter" }, { "label": 1, "text": "iran says u s raid caused mln dlrs damage u s attacks on two iranian oil platforms in the gulf both of which were still blazing caused damage estimated at mln dlrs tehran radio quoted iranian oil minister gholamreza aqazadeh as saying the rigs one of which was heavily shelled by four american destroyers on monday were still burning almost hours after the attack and could cause widespread pollution in the gulf the minister told a news conference in tehran he said the reshadat rigs miles km east of bahrain in international waters were in the final stages of reconstruction after an attack by iraqi jets last year reuter" }, { "label": 1, "text": "indonesia says it will extend oil contracts indonesia told the oil industry on tuesday it will extend contracts on producing blocks and improve the investment climate but wants to see increased expenditure on exploration in return president suharto in an opening speech to the indonesian petroleum association said indonesia was ready to extend contracts held by foreign oil companies on producing areas in order to boost investment in the petroleum industry the government of indonesia has basically approved of extending production sharing contracts under the present laws suharto said apart from that the government will keep improving the investment climate in order to accelerate the development of the petroleum industry he said indonesian energy minister subroto told the association he was aware that the oil industry needed to be assured that contracts on blocks expiring within the next years would be renewed before they would invest in further exploration as we all have heard this morning the president is fully aware of this situation subroto said the government has already made the political decision to entertain this time problem by inviting the existing producers to continue their activities in indonesia albeit on a selective basis indonesia one of the members of opec must find new oil reserves if it is to remain an exporter in the next decade oil industry sources say subroto said the government was also working to ease other problems including granting easier terms for remote areas or deep water conditions but subroto said relations with oil companies were two way and that they should step up expenditure on oil exploration now that the oil price had recovered president suharto said he wanted to see greater transfer of technology to indonesian companies and more help from the oil industry for the regions in which companies operated abdul rachman ramly the president of state oil company pertamina has said that budgeted exploration and production expenditure for all oil companies in indonesia was forecast to fall to billion dlrs in calendar from billion in pertamina has production sharing or joint operation contracts with foreign oil companies subroto said speeding up necessary approvals for field operations was a government priority there had been misunderstandings between the government and the oil industry in certain areas such as when a field is designated commercial and a thorough evaluation was being made he said the government wanted to finalise contract extensions as soon as practical and urged the industry in the meantime to maintain its exploration drive subroto said indonesia needed the companies to maintain exploration efforts even if their contract was due to expire within years this need in itself is some sort of guarantee that we will soon have to come up with an extension agreement eleven major contract areas are due to come up for renewal between and industry sources said extension of the contracts on the blocks has involved detailed negotiations but so far no extension has been granted subroto told reporters afterwards that contract extensions would be selective based on how much capital would be invested reuter" }, { "label": 2, "text": "musicland group inc tmg rd qtr net shr cts vs cts net vs revs mln vs mln avg shrs mln vs nine mths shr cts vs cts net vs revs mln vs mln avg shrs mln vs note company pct owned by primerica corp pa reuter" }, { "label": 2, "text": "applied biosystems inc abio o st qtr sept shr cts vs cts net vs sales mln vs mln reuter" }, { "label": 0, "text": "plum holding inc starts hoilly sugar hly bid plum holding inc said it has started its previously announced offer to purchase common shares of holly sugar corp at dlrs each in a newspaper advertisement the firm said the offer proration period and withdrawal rights expire november unless extended the offer which has been approved by the holly board and is to be followed by a merger in which remaining shares are to be exchanged for cumulative redeemable exchangeable preferred stock is conditioned on receipt of at least shares which would give plum a two thirds interest and the receipt of financing reuter" }, { "label": 2, "text": "nalco chemical corp nlc rd qtr net shr cts vs cts net mln vs mln sales mln vs mln nine mths shr dlrs vs dlrs net mln vs mln sales mln vs mln reuter" }, { "label": 2, "text": "stepan co scl rd qtr net shr cts vs cts net vs sales mln vs mln nine mths shr dlrs vs dlrs net vs sales mln vs mln reuter" }, { "label": 2, "text": "convergent inc cvgt o rd qtr net shr profit four cts vs loss cts net profit vs loss mln revs mln vs mln avg shrs mln vs mln nine mths shr loss cts vs loss cts net loss vs loss mln revs mln vs mln avg shrs mln vs mln note net includes tax credits of dlrs in quarter and dlrs in nine mths nine mths results restated for pooled acquisition of bidtek inc reuter" }, { "label": 2, "text": "tribune co trb rd qtr net shr cts vs dlrs net vs revs mln vs mln avg shrs vs nine mths shr dlrs vs dlrs net vs revs billion vs billion avg shrs vs note per share earnings include daily news severance charges of cts a share in the quarter and cts a share for the nine months net income includes non recurring gains of dlrs a share in the quarter and dlrs a share in the nine months and five cts a share daily news severance charges reuter" }, { "label": 2, "text": "great western financial corp gwf rd qtr net shr cts vs cts net mln vs mln nine mths shr dlrs vs dlrs net mln vs mln reuter" }, { "label": 2, "text": "printronix inc ptnx o nd qtr sept net shr profit cts vs loss cts net profit vs loss sales mln vs mln avg shrs vs st half shr loss cts vs profit cts net loss vs profit sales mln vs mln avg shrs vs note half net includes pretax gain dlrs from sale of option to buy facility backlog mln dlrs vs mln dlrs at end of previous quarter and mln dlrs at end of prior year s second quarter reuter" }, { "label": 0, "text": "gaf gaf to purchase up to pct of stock gaf corp said its board has authorized the repurchase from time to time of up to seven mln of its common shares or about pct for cash in open market purchases or private transactions the company said it repurchased shares under an april authorization to buy back up to three mln shares and authorization for further repurchases under the old program has been withdrawn yesterday gaf said a group led by chairman samuel j heyman has decided to reconsider its offer to acquire gaf gaf said a revised offer by the group is still possible reuter" }, { "label": 2, "text": "dow chemical co dow rd qtr net shr dlrs vs cts net vs sales billion vs billion avg shrs vs nine mths shr dlrs vs dlrs net vs sales billion vs billion avg shrs vs note earnings include a loss of mln dlrs or one ct a share in the quarter from early extinguishment of debt earnings include losses in the nine months of mln dlrs or two cts a share vs mln dlrs or four cts a share from early extinguishment of debt reuter" }, { "label": 2, "text": "thrifty rent a car system inc tfty o th qtr june end shr cts vs cts net vs revs mln vs year shr cts vs cts net vs revs mln vs mln reuter" }, { "label": 0, "text": "computer memories cmin o to delay merger computer memories inc said its board has decided to take additional time to evaluate the impact of litigation on the proposed acquisition of hemdale film corp computer memories said it plans to adjourn its annual shareholders meeting scheduled for october after it is convened one purpose of the meeting is to consider the transaction the company explained computer memories said hemdale agrees with this course of action reuter" }, { "label": 4, "text": "chemical bank cuts prime rate to pct from pct effective immediately" }, { "label": 2, "text": "shearson lehman brothers holdings she rd qtr shr cts net mln dlrs vs mln dlrs revs billion vs billion nine mths shr dlrs net mln vs mln revs billion vs billion note full name is shearson lehman brothers holdings inc company went public may reuter" }, { "label": 4, "text": "marine midland bank cuts prime rate to pct from pct effective immediately" }, { "label": 4, "text": "chemical chl marine midland mm cut prime chemical bank and marine midland banks inc said they are cutting their prime lending rate to pct from pct reversing an increase that they announced just last week the reduction is effective immediately no other major u s bank had followed the lead of chemical and marine midland preferring to keep their prime rates at pct while they waited to see what course money market rates would take following monday s record fall in wall street stock prices money market rates fell sharply on tuesday as investors ploughed proceeds into short term instruments and the federal reserve said it is prepared to provide liquidity to support the economy and the financial system eurodollar deposit rates in london fell by as much as percentage point treasury bill rates fell by as much as half a point after falling between and basis points on monday and the fed funds rate dropped to pct from monday s average of pct speculation even surfaced of a discount rate cut to calm the markets dealers said reuter" }, { "label": 2, "text": "sears roebuck and co s rd qtr net shr dlrs vs cts net vs revs billion vs billion avg shrs mln vs mln nine mths shr dlrs vs dlrs net billion vs mln revs billion vs billion avg shrs mln vs mln reuter" }, { "label": 2, "text": "prime computer inc prm rd qtr sept shr cts vs cts net mln vs mln revs mln vs mln nine mths shr cts vs cts net mln vs mln revs mln vs mln reuter" }, { "label": 2, "text": "ryder system inc rdr rd qtr net shr cts vs cts net mln vs mln revs billion vs mln avg shrs mln vs mln nine mths shr dlrs vs dlrs net mln vs mln revs billion vs billion note share after preferred dividends reuter" }, { "label": 2, "text": "schlumberger ltd slb rd qtr net shr nil vs loss cts net vs loss mln revs billion vs billion avg shrs mln vs mln nine mths shr profit cts vs profit cts net profit mln vs mln revs billoin vs billion avg shrs mln vs mln note rd qtr includes mln dlrs for continuing operations which includes a mln dlrs after tax gain on sale of company s investment in compagnie luxembourgeoise de telediffusion rd qtr and nine mths net includes a loss of mln dlrs or cts a share for discontinued operations and mln dlrs or cts a share for extraordinary gain rd qtr and nine mths net includes a loss of mln dlrs or cts a share from continuing operations mainly for employee layoff costs in oilfied services sale of small electronic business and unfavorable lease comitments nine mths net also includes a loss of mln dlrs from discontinued operations due to completion of previously announced sale of fairchild semiconductor business extraordinary item of mln dlrs relates to award from iran u s claims tribunal from iran s seizure of sedco inc drilling business in prior to its acquisition by schlumberger rd qtr and nine mths net also includes in discontinued operations a loss of mln dlrs from fairchild semiconductor offset by a mln dlrs gain from favorable settlement of litigation with data general reuter" }, { "label": 2, "text": "wells fargo and co wfc rd qtr net shr profit dlrs vs profit dlrs net mln vs mln nine mths shr loss dlrs vs profit dlrs net loss mln vs profit mln assets billion vs billion loans billion vs billion deposits billion vs billion reuter" }, { "label": 2, "text": "baxter travenol labs bax rd qtr shr net shr cts vs cts net mln vs mln sales billion vs billion avg shrs mln vs mln nine mths shr cts vs cts net mln vs mln sales billion vs billion avg shrs mln vs mln note results include caremark inc from august caremark acquisition reduced nine months net by five cts offset by a three ct gain from the sale of securities third quarter net excludes gains from discontinued operations of mln dlrs or four cts a gain from sale of discontinued operations of mln dlrs or dlrs and a charge from early repayment of debt of mln dlrs or cts nine months net excludes gains from discontinued operations of mln dlrs or cts a gain from sale of discontinued operations of mln dlrs or dlrs and a charge from early repayment of debt of mln dlrs or cts reuter" }, { "label": 2, "text": "lamson and sessions co lms rd qtr net oper shr profit cts vs loss cts oper net profit vs loss revs mln vs mln nine mths oper shr profit cts vs loss cts oper net profit vs loss revs mln vs mln note net excludes losses from discontinued operations of dlrs in quarter and dlrs in nine mths nine mths net excludes gain dlrs from cumulative effect of pension accounting change net excludes tax credits of dlrs in quarter and dlrs in nine mths reuter" }, { "label": 2, "text": "kraft inc kra rd qtr sept net shr cts vs cts net vs sales billion vs billion nine mths shr dlrs vs dlrs net vs sales billion vs billion avg shrs vs note earnings include a loss from discontinuedoperations of mln dlrs or cts a share in the quarter and a gain of mln dlrs or cts a share in the nine months reuter" }, { "label": 2, "text": "ust inc ust rd qtr net shr cts vs cts net mln vs mln revs mln vs mln nine mths shr dlrs vs dlrs net mln vs mln revs mln vs mln avg shrs mln vs mln reuter" }, { "label": 2, "text": "smithkline beckman corp skb rd qtr net shr dlrs vs cts net mln vs mln revs billion vs mln avg shrs mln vs mln nine mths shr dlrs vs dlrs net mln vs mln revs billion vs billion note rd qtr and nine mths net includes a charge of mln dlrs or nine cts a share and mln dlrs or cts a share for the interest expense for share repurchases nine mths net includes a charge of mln dlrs or cts a share for early retirement program and withdrawal of contac cold remedy from the market due to tampering reuter" }, { "label": 2, "text": "union camp corp ucc rd qtr sept shr cts vs cts net mln vs mln sales mln vs mln nine months shr dlrs vs dlrs net mln vs mln sales billion vs billion reuter" }, { "label": 2, "text": "newell co nwl rd qtr net shr cts vs cts net vs sales mln vs mln nine mths shr dlrs vs dlrs net vs sales mln vs mln note net income excludes preferred dividends of mln dlrs in the quarter and mln dlrs in the nine months compared with dlrs and dlrs in reuter" }, { "label": 0, "text": "circle express terminates planned acquisition of overland express" }, { "label": 2, "text": "first valley corp fivc o rd qtr net shr cts vs cts net vs nine mths shr dlrs vs dlrs net mln vs mln reuter" }, { "label": 2, "text": "avon products inc rd qtr net shr cts vs cts net mln vs mln sales mln vs mln avg shrs mln vs mln nine mths shr dlrs vs dlrs net mln vs mln sales billion vs billion avg shrs mln vs mln reuter" }, { "label": 2, "text": "springs industries inc smi rd qtr oct three shr cts vs cts net mln vs sales mln vs mln nine mths shr dlrs vs cts net mln vs mln sales billion vs billion note share adjusted for two for one stock split in april reuter" }, { "label": 0, "text": "circle express cexx o ends overland over o buy circle express inc said negotiations on its proposed acquisitions of overland express inc and privately held continental training services inc have been terminated by mutual agreement the company said the recent declines in stock prices have made it unlikely that the transactions could qualify as tax free reorganizations reuter" }, { "label": 2, "text": "marsh and mclennan cos inc mmc rd qtr net shr dlrs vs cts net mln vs mln revs mln vs mln avg shrs mln vs mln nine mths shr dlrs vs dlrs net mln vs mln revs billion vs billion avg shrs mln vs mln reuter" }, { "label": 2, "text": "central illinois public cip rd qtr net springfield ill oct shr cts vs cts net vs revs mln vs mln nine mths shr dlrs vs dlrs net vs revs mln vs mln note central illinois public service co is full name of company reuter" }, { "label": 2, "text": "sundstrand corp sns rd qtr net shr cts vs dlrs net vs sales mln vs mln nine mths shr dlrs vs dlrs net vs sales mln vs billion reuter" }, { "label": 0, "text": "crazy eddie crzy o amends shareholder rights crazy eddie inc said its board of directors amended the company s shareholder rights plan in moves it said were designed to preserve stockholder protection and provide flexibility to the plan yesterday crazy eddie agreed not to oppose a slate of candidates to its board proposed by the committee to restore stockholder value a shareholder group led by the oppenheimer palmieri fund l p and entertainment marketing inc em that has been seeking to oust current management crazy eddie said the new amendments limit future amendments to the plan modify the definition of continuing directors and permit amendment or termination of the plan with the consent of the company s shareholders if there are no continuing directors in office or the approval of at least three such directors cannot be obtained the company also said it approved a certificate of designation with respect to its mln shares of authorized but previously undesignated and unissued shares of preferred stock and adopted an employee stock ownership plan crazy eddie also that it requested that the shareholder group make a commitment not to take the company private until crazy eddie has had a chance to recover from current financial difficulties a committment that the group rejected crazy eddie said it will hold its annual shareholders meeting on november reuter" }, { "label": 2, "text": "huntington bancshares inc hban o rd qtr net shr cts vs cts shr diluted cts vs cts net mln vs mln avg shrs mln vs mln nine mths shr dlrs vs dlrs shr diluted dlrs vs dlrs net mln vs mln avg shrs mln vs mln note share adjusted for july pct stock dividend results restated for pooled acquisitions net includes loan loss provisions of dlrs vs dlrs in quarter and mln dlrs vs mln dlrs in nin mths reuter" }, { "label": 2, "text": "weirton steel corp rd qtr net mln vs mln revs mln vs mln nine mths net mln vs mln revs mln vs mln note company does not report per share earnings as it is a privately owned concern net amounts reported are before taxes profit sharing and contribution to employee stock ownership trust reuter" }, { "label": 2, "text": "domtar inc dtc rd qtr net shr cts vs cts net mln vs mln revs not given nine mths shr dlrs vs dlrs net mln vs mln revs not given reuter" }, { "label": 2, "text": "general signal corp gsx rd qtr net shr cts vs cts net mln vs mln revs mln vs mln nine mths shr dlrs vs dlrs net mln vs mln revs billion vs billion reuter" }, { "label": 2, "text": "mellon bank corp mel rd qtr net shr profit cts vs profit dlrs net profit mln vs profit mln avg shrs mln vs mln nine mths shr loss dlrs vs profit dlrs net loss mln vs profit mln avg shrs mln vs mln assets billion vs billion deposits billion vs billion loans billion vs billion note net includes loan loss provisions of mln dlrs vs mln dlrs in quarter and mln dlrs vs mln dlrs in nine mths net includes pretax gains on sale of securities of mln dlrs vs mln dlrs in quarter and mln dlrs vs mln dlrs in nine mths reuter" }, { "label": 2, "text": "musicland group inc tmg rd qtr net sept shr cts vs cts net vs sales mln vs mln avg shrs mln vs mln nine mths shr cts vs cts net vs sales mln vs mln avg shrs mln vs mln note effective september primerica corp pa owned pct of musicland s common shares reuter" }, { "label": 2, "text": "melville corp mes rd qtr net shr cts vs cts net mln vs mln revs billion vs billion nine mths shr dlrs vs dlrs net mln vs mln revs billion vs billion reuter" }, { "label": 2, "text": "bolt beranek and newman inc bbn st qtr net ended sept shr cts vs cts net vs sales mln vs mln note share adjusted for july two for one stock split reuter" }, { "label": 2, "text": "dominion resources inc d rd qtr net shr dlrs vs dlrs net mln vs mln revs mln vs mln avg shrs mln vs mln mths shr dlrs vs dlrs net mln vs mln revs billion vs billion avg shrs mln vs mln reuter" }, { "label": 2, "text": "inter regional financial ifg rd qtr oper net oper shr cts vs cts oper net vs revs mln vs mln nine mths oper shr cts vs cts oper net vs revs mln vs mln note earnings exclude a gain from utilization of tax loss carryforwards of dlrs or cts a share vs a loss of dlrs or cts a share in the quarter and gains of dlrs or cts a share vs dlrs or cts a share in the nine months earnings exclude losses from discontinued operations of dlrs or dlrs a share in the quarter and dlrs or five cts a share in the nine months reuter" }, { "label": 2, "text": "gte corp gte rd qtr net shr cts vs cts net mln vs mln revs billion vs billion nine mths shr dlrs vs dlrs net mln vs mln revs billion vs billion note share results restated for for stock split in january net in both periods includes business repositioning gains of mln dlrs or five cts a share and gains from early retirement programs of mln dlrs or cts a share nine months net also includes pre tax charge of mln dlrs for gte s share of a special write off at u s sprint which reduced after tax net by mln dlrs or cts a share net in both periods includes business repositioning gains of mln dlrs or cts per share reuter" }, { "label": 2, "text": "u s west usw rd qtr net shr dlrs vs dlrs net mln vs mln dlrs revs billion vs billion nine mths shr dlrs vs dlrs net mln vs mln revs billion vs billion reuter" }, { "label": 2, "text": "kelsey hayes canada ltd kel to nine mths net shr cts vs dlrs net vs sales mln vs mln reuter" }, { "label": 2, "text": "rockefeller center properties inc rcp rd qtr shr cts vs cts net mln vs mln revs mln vs mln nine mths shr cts vs cts net mln vs mln revs mln vs mln reuter" }, { "label": 2, "text": "aritech corp arit o rd qtr oct two shr cts vs cts net vs revs mln vs mln nine mths shr cts vs cts net vs revs mln vs mln note rd qtr and nine mths revs includes sales to adt inc of mln dlrs and mln dlrs rd qtr and nine mths includes sales of mln dlrs and mln dlrs reuter" }, { "label": 2, "text": "southold savings bank sdsb o rd qtr net shr cts net vs nine mths net vs assets mln vs mln loans mln vs mln deposits mln vs mln note per share figures for and nine mths not available as bank converted to stock form of company in april reuter" }, { "label": 2, "text": "constellation bancorp cstl o rd qtr net shr cts vs cts net vs nine mths shr dlrs vs dlrs net mln vs mln reuter" }, { "label": 5, "text": "louvre reaffirmation not enough u k analysts u s and west german reaffirmation of support for the louvre accord cannot cure the fundamental problems bedevilling the world economy which lie behind the current collapse in stock markets london economists said there s going to have to be some acknowledgement that the dollar is going to be allowed to slip said richard jeffrey of hoare govett if not there is going to be continued fear that when pressure emerges on the dollar the fed will be forced to tighten this throws up the economic abyss of recession in the u s with obvious knock on effects on the rest of the world but some economists added that wall street s crash which dragged other major markets down with it may help curb the very problems that sparked the turmoil namely world inflation fears and the massive and persistent u s trade deficits if there is a benefit from a pct fall in wall street it s some sort of resistance to inflation worldwide said geoffrey dennis of brokers james capel echoing comments from other london and tokyo analysts lower personal wealth from lower stock prices and fears of further falls should dampen credit growth curbing inflationary pressures and import demand in the u s they say such considerations may be helping bond markets resist the equity crash according to mike osborne of kleinwort grieveson it would be suicidal for any government in the context of what happened in the last couple of days to jack up their interest rates he added stocks surged after news chemical bank cut its prime lending rate half a point to pct tuesday and u s fed chairman alan greenspan pledged support for the financial system the news eroded the most immediate fears that the stock collapse would spill over into the economy via a banking crisis for example thus precipitating recession it also helped the dollar rally sharply to a high of marks from a european low of but economists said today s whiplash moves do not have long term significance and that markets should try to keep the underlying fundamentals in mind the united states has been able to live on borrowed time if the effect of this crash is to produce slower economic growth not recession it contains good news and provides a more realistic assessment of the u s economy said capel s dennis but he added that markets are still very much in danger the liquidity doesn t disappear all it s doing is disappearing from the equity markets dennis noted david morrison of goldman sachs international said world market turbulence will be exacerbated if the group of seven g leading western nations confirms a base for the dollar as implied by west german finance minister gerhard stoltenberg s remarks that intervention to support currencies is still on last week s dollar fall was partly triggered by expectations that the germans were more worried about the money supply impact of such intervention than maintaining currency stability but rigid adherence to dollar ranges would be bad said morrison the louvre accord is fundamentally misconceived to stabilise the dollar at too high a level is wrong he said reuter" }, { "label": 6, "text": "new container cranes arrive at tanzania port two large container cranes donated by the danish international development agency danida have arrived in dar es salaam where they will help to increase the port s cargo handling capacity port officials said the two new container cranes join one danish container crane already installed in the port which is an important trade outlet for tanzania zambia malawi and eastern zaire five more cranes from finland are due to arrive soon increasing the container terminal s handling capacity to units per year from at present the officials said reuter" }, { "label": 4, "text": "u k credit policy seen steady despite bank data an unexpectedly heavy billion stg surge in u k september sterling bank lending is unlikely to nudge the bank of england towards tightening monetary policy as long as sterling remains in its present robust state economists said an acute crisis of confidence in equity markets over the past two days will in any case subdue personal consumer credit demand which has largely been behind growth in lending in the normal course of events the markets would have been extremely worried about that figure noted peter spencer u k economist with credit suisse first boston after an initial dip in reaction to the bank lending data which compared won stg august rise u k government bonds gilts soared as investors continued to flee from plummetting equities into the relative security of government securities equity markets dropped sharply on the news touching a day s low of on the ftse index after the data before staging a recovery sterling held its buoyant tone throughout u k money market rates in a similarly calm response resumed the slightly easier trend of earlier in the morning after little more than a token blip as the figures came out noting that such a huge rise in credit extended by banks would under other circumstances have prompted market fears of a rise in clearing bank base rates from the current pct with the financial markets doing what they re doing that s the last thing the bank of england would want to do spencer said the monetary situation is clearly very bad but as long as sterling is firm the authorities are unlikely to put rates up said kevin boakes chief u k economist at greenwell montagu gilt edged boakes pointed to a rise in the narrow money measure m to pct year on year from august s pct growth which he said must cause some concern at the treasury but the fact that overall broad money growth has slowed down is a rather encouraging sign noted paul temperton u k economist with merrill lynch capital markets he pointed to a fall in the year on year growth rate of the m broad money aggregate to pct in september from august s pct it was concern about credit growth which prompted the bank of england to engineer a one point rise in u k bank base rates to pct in early august caution endorsed subsequently by news of a massive billion stg july rise in bank lending temperton noted that a particular focus of bank worry in that period had been the behaviour of u k asset markets housing and equities were the key two asset markets in influencing consumer behaviour he said in the light of the precipitous falls on u k equity markets in the past few days there will almost certainly be a straightforward impact on consumer spending and on retail sales temperton said almost certainly we can look forward to slower growth in consumer borrowing if the equity shakeout continues he added i think the stock market has decided that the bank lending figure is a thing of the past we are talking about a very serious panic and a flight to quality spencer said a u k treasury official said that it was important to look at all the monetary information not just the bank lending adding that monetary aggregates were growing much more slowly than bank lending senior banking sources noted that the surge in bank lending was evidence of the continuing recent trend of fairly heavy personal sector borrowing figures from the banking information service showed personal sector lending by u k clearing banks rose by billion stg in september after a mln stg august rise much of the rise reflected quarterly interest payments reuter" }, { "label": 4, "text": "bank of france says it leaves intervention rate unchanged at pct" }, { "label": 2, "text": "louisiana pacific corp lpx rd qtr net shr dlrs vs cts net mln vs mln sales mln vs mln nine mths shr dlrs vs dlrs net mln vs mln sales billion vs billion reuter" }, { "label": 2, "text": "olin corp oln rd qtr net shr cts vs cts net mln vs revs mln vs mln nine mths shr dlrs vs dlrs net mln vs mln revs billion vs billion reuter" }, { "label": 1, "text": "norway boosts oil output by pct in september norway s september oil output rose by pct to mln barrels per day bpd from bpd in august according to a reuter survey of firms operating here operators said the sharp rise reflected higher output at several of norway s biggest fields and resumed production at fields shut down for days in august for the ekofisk field rescue project industry analysts said the increase did not exceed norway s voluntary move to curb by pct planned growth in its oil output a move designed to back opec led efforts to stabilise oil prices by limiting supplies to world crude markets norway not an opec member decided in june to extend the production restraints enforced since february on all its north sea fields for the rest of the year oil minister arne oeien said last month he expected norway would extend into its policy of slowed production growth the biggest increase was seen on the ekofisk field which pumped bpd in september against bpd in august field operator phillips petroleum norway inc said ekofisk and the nearby valhall and ula fields which use the ekofisk pipeline were shut down for most of august while phillips raised ekofisk platforms to counter seabed subsidence bp petroleum development norway ltd operator of the ula field said september output rose to bpd after dropping to bpd in august because of the shutdown valhall operated by amoco norway a s flowed bpd last month compared with bpd in august the company said september production was also sharply higher at the statfjord field norway s pct share of statfjord which extends into the british north sea sector was bpd against bpd in august operator den norske stats oljeselskap a s statoil said norway s pct share of the murchison field which like statfjord extends into the british sector yielded bpd in september a slight bpd decrease from the previous month norwegian partners on the british operated field said statoil boosted output at its gullfaks field to bpd in september compared with in august norsk hydro operator of the oseberg field said test output at the field from the mobile production ship petro jarl totalled bpd last month down sharply from bpd in august hydro said the drop was caused by failure to bring on stream a second well cutting september production to just two days reuter" }, { "label": 2, "text": "bristol myers co bmy rd qtr net shr cts vs cts net mln vs mln sales billion vs billion nine mths shr dlrs vs dlrs net mln vs mln sales billion vs billion note share adjusted for two for one stock split reuter" }, { "label": 2, "text": "xyvision inc xyvi o nd qtr september shr cts vs cts net vs revs vs six mths shr cts vs cts net vs revs mln vs mln note nd qtr and six mths net includes dlrs and dlrs for tax credits nd qtr and six mths net includes dlrs and dlrs for tax credits reuter" }, { "label": 4, "text": "first republic bank dallas cuts prime rate to pct from pct effective today" }, { "label": 2, "text": "perkins family restaurants lp pfr rd qtr shr cts vs cts net vs revs mln vs mln nine mths shr cts vs cts net vs revs mln vs mln reuter" }, { "label": 2, "text": "first american bank for savings famb o rd qtr shr cts vs cts net vs nine mths shr dlrs vs not given net mln vs note company went public in july net includes loan loss provisions of dlrs vs dlrs in quarter and dlrs vs dlrs in nine mths net includes pretax gains on sale of assets of dlrs vs dlrs in quarter and dlrs vs dlrs in nine mths reuter" }, { "label": 2, "text": "arkansas best corp abz rd qtr net shr diluted cts vs cts net vs revs mln vs mln nine mths shr diluted cts vs dlrs net vs mln revs mln vs mln reuter" }, { "label": 2, "text": "fireman s fund corp ffc rd qtr net shr dlrs vs cts net mln vs mln revs mln vs mln nine mths shr dlrs vs dlrs net mln vs mln revs billion vs billion note realized investment gains net of taxes for rd qtr and nine mths were mln dlrs and mln dlrs respectively realized investment gains for rd qtr and nine mths were mln dlrs and mln dlrs respectively company repurchased mln shares of its stock during the rd qtr reuter" }, { "label": 2, "text": "e f hutton group inc efh rd qtr net shr cts vs cts net vs revs mln vs mln nine mths shr dlrs vs dlrs net mln vs mln revs billion vs billion note net for includes mln from discontinued opers mln after tax gain on sale of e f hutton insurance group and mln on extraordinary gains from utiliazation of loss carryforward net in included mln from discontinued opers and an extraordinary credit of mln from utilization of loss carryforwards reuter" }, { "label": 0, "text": "bastian technologies says it has five pct of cosmo communications may seek control" }, { "label": 0, "text": "service corp srv dumps capital southwest stake service corp international said its investment capital corp unit sold its entire pct stake in capital southwest corp cswc o common stock and no longer holds any capital southwest shares in a filing with the securities and exchange commission investment capital said it sold shares of capital southwest common stock since september at dlrs to dlrs a share no reason was given for the recent sales reuter" }, { "label": 2, "text": "manufacturers hanover corp mhc rd qtr net shr profit dlrs vs dlrs net mln vs mln nine mths shr loss dlrs vs profit dlrs net loss billion vs profit mln note rd qtr includes previously reported gain of mln dlrs or mln after tax by capturing excess pension funds nine mths include billion dlr addition to loan loss reserves in nd qtr mostly for shaky ldc debts reuter" }, { "label": 2, "text": "coca cola enterprises inc cce rd qtr net shr cts vs cts net mln vs mln revs mln vs mln avg shrs mln vs mln nine mths shr cts vs cts net mln vs mln revs billion vs billion avg shrs mln vs mln note results include acquired bottling companies from dates of acquisition on pro forma basis as if all acquisitions had been in place from the start of the period company earned dlrs or four cts per share on mln shares outstanding with revenues of mln dlrs for quarter and earned mln dlrs or cts per share on same number of shares and revenues of billion dlrs for nine mths reuter" }, { "label": 2, "text": "ball corp bll rd qtr net shr cts vs cts net vs sales mln vs mln nine mths shr dlrs vs dlrs net vs sales mln vs mln reuter" }, { "label": 2, "text": "bankers trust bt rd qtr net shr dlrs vs dlrs net mln vs mln nine months shr loss dlrs vs profit dlrs net loss mln vs profit mln avg shrs mln vs mln assets billion vs billion deposits billion vs billion loans billion vs billion note nine month loss reflects mln dlr increase in loan loss provisions without the tax benefit third quarter net income would have been mln dlrs up pct or mln dlrs from the third quarter of non interest income totaled mln dlrs in the third quarter up pct or mln dlrs largely due to increased income from foreign exchange trading fees and commissions foreign exchange trading income totaled mln dlrs up mln from a year ago provision for loan losses in the third quarter was mln dlrs versis mln a year previously at september the provision for loan losses jumped to billion dlrs from mln at the same time last year reuter" }, { "label": 0, "text": "trans world airlines said carl icahn withdraws acquisition offer" }, { "label": 2, "text": "u s telecommunications inc ut rd qtr net shr profit cts vs profit cts net profit mln vs profit mln revs mln vs mln nine mths shr loss cts vs profit dlrs net loss mln vs profit mln revs billion vs billion note per shr reflects payment of preferred dividends results include loss of or eight cts shr in prior nine mths from discontinued operations latest nine month results include one time charge of dlrs share relating to us sprint revenues exclude those for us sprint a joint venture with gte corp gte reuter" }, { "label": 2, "text": "bristol myers co bmy rd qtr net shr cts vs cts net mln vs mln sales billion vs billion nine mths shr dlrs vs dlrs net mln vs mln sales billion vs billion note share adjusted for two for one stock split reuter" }, { "label": 2, "text": "gander mountain inc gndr o st qtr sept net shr cts vs cts net vs sales mln vs mln reuter" }, { "label": 0, "text": "bastian technologies mulling cosmo csmo o bid new york based bastian technologies corp said it acquired a five pct stake in cosmo communications corp and is considering a move to seek control of the company or to secure a role in its affairs bastian technologies believes that with the appropriate management policies and business strategies the company can once again become profitable and maximize for all shareholders the underlying value of their company bastian said in a filing with the securities and exchange commission bastian said alternatives being considered include an attempt to acquire cosmo through a merger tender or exchange offer seeking to influence the company s management and policies and seeking representation on cosmo s board of directors through a proxy contest or otherwise bastian said it may contact third parties regarding its intentions toward cosmo adding it intends to request a meeting with cosmo representatives to discuss its investment in cosmo stock bastian currently holds cosmo common shares or five pct of the total outstanding the shares were purchased from nasta international inc nas on october for about mln dlrs bastia said reuter" }, { "label": 2, "text": "snap on tools corp sna rd qtr net shr cts vs cts net vs sales mln vs mln nine mths shr dlrs vs dlrs net vs sales mln vs mln reuter" }, { "label": 2, "text": "nycor inc nyco o rd qtr net shr loss two cts vs profit two cts net profit vs profit revs mln vs mln nine mths shr profit one cent vs profit cts net profit vs profit revs mln vs mln note qtr and nine mths includes gain dlrs or one cent per share and dlrs or six cts per share respectively from utilization of tax loss carryforward qtr and nine mths includes gain dlrs or one cent per share and gain dlrs or six cts per share respectively from utilization of tax loss carryforward nine mths includes loss dlrs or cts per share from early extinguishment of debt reuter" }, { "label": 0, "text": "icahn drops bid for twa twa trans world airlines inc said chairman carl c icahn has withdrawn his proposal to acquire the twa shares he does not already own due to the deterioration in market conditions under the proposal icahn would have paid for each twa share dlrs in cash and dlrs face amount of pct subordinated debentures due twa said icahn reserves the right to make a subsequent proposal at some future date on the same terms or different terms reuter" }, { "label": 2, "text": "american savings bank fsb abny o rd qtr net shr primary dlrs vs dlrs shr diluted dlrs vs dlrs net mln vs mln nine mths shr primary dlrs vs dlrs shr diluted dlrs vs dlrs net mln vs mln assets billion vs billion loans billion vs billion note qtr and nine mths includes gain dlrs and mln dlrs respectively from utilization of net operating loss carryforward qtr and nine mths includes gain dlrs and mln dlrs respectively from utilization of net operating loss carryforward full name of company is american savings bank fsb of new york reuter" }, { "label": 0, "text": "a w brands soda o completes acquisition a and w brands inc said it completed the acquisition of vernors inc from united brands co ub in a cash and stock transaction worth valued at about mln dlrs reuter" }, { "label": 2, "text": "washington post co wpo rd qtr net shr dlrs vs dlrs net mln vs mln revs mln vs mln nine mths shr dlrs vs dlrs net mln vs mln revs mln vs mln note net in both periods includes gains of mln dlrs or dlrs a share from sale of interest in detroit cellular telephone company and mln dlrs or cts a share from sale of interest in sportschannel cable programing network reuter" }, { "label": 2, "text": "banc one corp one rd qtr net shr cts vs cts net mln vs mln nine mths shr dlrs vs dlrs net mln vs mln assets billion vs billion deposits billion vs billion loans billion vs billion reuter" }, { "label": 2, "text": "warner communications inc wci rd qtr net shr cts vs cts net mln vs mln revs mln vs mln nine mths shr dlrs vs cts net mln vs mln revs billion vs billion reuter" }, { "label": 2, "text": "aristech chemical corp ars rd qtr net shr cts vs cts qtly div cts vs cts prior net mln vs mln revs mln vs mln nine mths shr dlrs vs dlrs net mln vs mln revs mln vs mln note dividend payable december to shareholders of record october reuter" }, { "label": 2, "text": "apple bank for savings appl o rd qtr net shr dlrs vs dlrs net vs nine mths shr dlrs vs dlrs net mln vs mln assets billion vs billion deposits billion vs billion note qtr and nine mths includes gain dlrs or cts per share from utilization of tax loss carryforward qtr and nine mths includes gain dlrs or cts per share and dlrs or dlrs per shr respectively from utilization of tax loss carryforward reuter" }, { "label": 2, "text": "kellogg co k rd qtr net shr cts vs cts net mln vs mln revs billion vs mln nine mths shr dlrs vs dlrs net mln vs mln revs billion vs billion note nine month earnings include nonrecurring loss of mln dlrs or eight cents a share from purchase of mln dlrs principal amount of the company s mln dlr pct debentures due february reuter" }, { "label": 5, "text": "poehl says chances for exchange rate stability are good" }, { "label": 5, "text": "balladur has had contact with g ministers french finance minister edouard balladur has been in contact with several finance ministers from the group of seven leading industrial countries in particular west german finance minister gerhard stoltenberg to discuss the crisis on world markets finance ministry sources said they did not say whether the contacts had led to concerted action on the markets or merely an exchange of views but they added that french ministry officials were continuing the contacts to exchange views on market performance reuter" }, { "label": 0, "text": "lasmo canada to merge with onyx petroleum lasmo exploration canada ltd a subsidiary of london scottish marine oil plc lsml l is merging with onyx petroleum exploration co ltd lasmo said the merger is to be made by onyx buying lasmo exploration in a share swap a new company lasmo canada inc will be formed lasmo will control pct of the equity worth some mln canadian dlrs based on the current onyx share price the new company will have proven reserves of mln barrels of oil and billion cubic feet of gas lasmo said reuter" }, { "label": 2, "text": "regal beloit corp rbc rd qtr net shr cts vs cts net vs sales mln vs mln nine mths shr cts vs cts net vs sales mln vs mln reuter" }, { "label": 2, "text": "burndy corp bdc rd qtr oct net shr cts vs cts net vs revs mln vs mln nine mths shr cts vs cts net vs revs mln vs mln reuter" }, { "label": 2, "text": "first florida banks ffbk rd qtr net shr cts vs cts net mln vs mln nine mths shr dlrs vs dlrs net mln vs mln assets billion vs billlion loans billion vs billion note rd qtr includes securities after tax gain of dlrs or cts a share reuter" }, { "label": 2, "text": "j w mays inc mays o th qtr july net shr profit seven cts vs profit cts net profit vs profit revs mln vs mln year shr profit cts vs loss cts net profit vs loss revs mln vs mln note year results include extraordinary credit of dlrs or cts per shr due to utilization of tax loss carryforward fiscal nonrecurring income items totaled vs in qtr includes dlrs or cts per shr extraordinary charge due to duction in utilization of tax loss carryforward nonrecurring income items totaled in three mths vs in three mths nonrecurring income for year included pretax gain of dlrs on sale of company s leasehold of glen oaks store on dec the company discontinued operations in that unit on jan nonrecurring income for three and months included for settlement of litigation and a gain of dlrs on surrender of leaseholds the month period also included refund of prior year s real estate tadxes of reuter" }, { "label": 2, "text": "alliance financial corp alfl o rd qtr net shr cts vs cts net vs nine mths shr dlrs vs dlrs net vs reuter" }, { "label": 2, "text": "metropolitan federal mftn o st qtr net qtr ended september shr cts vs cts net vs assets billion vs billion deposits mln vs mln loans mln vs mln reuter" }, { "label": 2, "text": "altos computer systems alto o st qtr net period ended september shr cts vs cts net mln vs mln sales mln vs mln reuter" }, { "label": 2, "text": "jannock ltd jn to rd qtr net shr cts vs cts net mln vs mln revs mln vs mln nine mths shr dlrs vs dlrs net mln vs mln revs mln vs mln reuter" }, { "label": 2, "text": "yellow freight system yell o rd qtr net shr cts vs cts qtly div cts vs cts prior net mln vs mln revs mln vs mln nine mths shr dlrs vs dlrs net mln vs mln revs billion vs billion note full name is yellow freight system inc dividend is payable november record november reuter" }, { "label": 2, "text": "raleigh federal savings bank rfbk o rd qtr shr cts net mln vs nine mths shr cts net vs note company converted to stock ownership in july reuter" }, { "label": 2, "text": "florida employers insurance flaef o rd qtr shr cts vs cts net vs nine mths shr cts vs cts net vs note full name of company is florida employers insurance co reuter" }, { "label": 2, "text": "first oak brook fobba o rd qtr net shr cts vs cts net vs nine mths shr dlrs vs dlrs net vs note full name is first oak brook bancshares inc reuter" }, { "label": 2, "text": "united service advisors inc usvsp o st qtr qtr ends sept shr profit seven cts vs loss two cts net profit vs loss revs vs avg shrs vs reuter" }, { "label": 2, "text": "wolohan lumber co wlhn o rd qtr net shr cts vs cts net vs sales mln vs mln nine mths shr seven cts vs cts net vs sales mln vs mln reuter" }, { "label": 5, "text": "poehl sees good chances for currency stability bundesbank president karl otto poehl said there were good chances for exchange rate stability the chances for exchange rate stability are good he told reporters reuter" }, { "label": 2, "text": "taunton savings bank tsbk o rd qtr net shr cts vs cts net vs nine mths shr dlrs net vs assets mln vs mln deposit mln vs mln loans mln vs mln note nine mths per share figures not available because bank converted to stock form in june of reuter" }, { "label": 0, "text": "gordon to make bid to acquire pagecorp pgoa to gordon investment corp said it plans to make an offer to acquire all of pagecorp inc s class a and class b shares for dlrs cash per share the bid is conditional upon an examination by gordon of the business and affairs of pagecorp during the days ending december the proposed offer would be condition upon ainimum number of shares being tendered gordon said it did not say what the minimum will be meanwhile pagecorp said it agreed to grant gordon an option to purchaser class a shares at dlrs per share which is exercisable only if gordon makes the acquisition bid before december or if any third party begins a takeover before december pagecorp also said all class b shareholders have agreed to deposit their class b shares if gordon proceeds with its offer reuter" }, { "label": 2, "text": "trillium telephone tlm to nd qtr net shr profit seven cts vs loss dlrs net profit vs loss revs mln vs mln six mths shr profit eight cts vs loss dlrs net profit vs loss revs mln vs mln avg shrs vs note trillium telephone systems inc reuter" }, { "label": 2, "text": "trans national leasing inc tnls o year loss shr loss cts vs profit cts net loss vs profit revs vs reuter" }, { "label": 2, "text": "elmira savings bank fsb esbk o rd qtr net shr cts vs cts net vs nine mths shr dlrs vs dlrs net vs assets mln vs mln deposits mln vs mln loans mln vs mln note nine mths includes gain dlrs or cts per share from utilization of operating loss carryforward qtr and nine mths includes gain dlrs or cts per share and dlrs or dlrs per share from utilization of operation loss carryforward reuter" }, { "label": 2, "text": "golden valley microwave gvmf o rd qtr net period ended september shr cts vs cts net vs sales mln vs mln avg shrs vs nine mths shr cts vs cts net vs sales mln vs mln avg shrs vs reuter" }, { "label": 2, "text": "home federal savings rockies hrok o rd qtr shr cts vs nil net vs nine mths shr dlrs vs cts net vs assets mln vs mln note full name of company is home federal savings and loan association of the rockies reuter" }, { "label": 2, "text": "westport bancorp inc wbat o rd qtr net shr cts vs cts net vs nine mths shr cts vs dlrs net vs reuter" }, { "label": 2, "text": "ohio edison co oec rd qtr net shr cts vs cts net mln vs mln revs mln vs mln avg shrs mln vs mln mths shr dlrs vs dlrs net mln vs mln revs billion vs billion avg shrs mln vs mln reuter" }, { "label": 2, "text": "new york state electric gas corp nge rd qtr oper shr cts vs cts oper net mln vs mln revs mln vs mln avg shrs mln vs mln nine mths oper shr dlrs vs dlrs oper net mln vs mln revs mln vs mln avg shrs mln vs mln mths oper shr dlrs vs dlrs oper net mln vs mln revs billion vs billion avg shrs mln vs mln note nine month and month operating net excludes charges of mln dlrs and mln dlrs reflecting disallowed costs of utility s pct share of nine mile point number two nuclear power plant and the abandoned jamesport nuclear project respectively the charges resulted in nine month share loss of dlrs and month share loss of dlrs reuter" }, { "label": 2, "text": "citicorp cci rd qtr net shr profit dlrs vs profit dlrs net profit mln vs profit mln nine mths shr loss dlrs vs profit dlrs net loss billion vs profit mln note net in nine mths vs includes provision for possible credit losses of billion vs billion net in qtr vs includes provision for possible crit losses of mln vs mln assets billion vs billion loans billion vs billion deposits billion vs billion rd qtr reflects previously announced aftertax gain of mln from recognition of pension plan over funding and mln of tax benefits from the three billion provision net write offs in qtr vs totaled mln vs mln and in year to date vs of billion vs mln reuter" }, { "label": 2, "text": "coleman co inc cln rd qtr net shr cts vs cts net vs sales mln vs mln nine mths shr dlrs vs dlrs net vs sales mln vs mln avg shrs vs note data restated for changes in method of accounting for pensions reuter" }, { "label": 0, "text": "jacobs sells stake in gillette gs minneapolis investor irwin jacobs said he sold the stake he held in gillette co gs after deciding that he could not force gillette to accept a dlr a share takeover bid made by revlon group inc rev revlon s bid expired last week after being repeatedly rejected by gillette jacobs had earlier considered waging a proxy fight over gillette jacobs told reuters he sold the gillette stake which he called substantial but under five pct a few weeks ago over a period of several days he said he sold the stock at a profit but did not disclose the selling price gillette s stock was at up in morning trade off the high of reached after revlon announced its bid jacobs said he sold his gillette stake based on an investment decision i surely did not see this happening he said of monday s stock market free fall a gillette spokesman said the mpany had no comment jacobs said he and fellow investor carl pohlad continue to hold a stake in allegheny international inc ag in august they disclosed in a securities and exchange commission filing that they had acquired shares or pct of allegheny and would consideer seeking control of the company reuter" }, { "label": 0, "text": "transamerica ta to buy sedgwick sdwk l unit transamerica corp s transamerica insurance co said it signed a definitive pact to buy a pct interest in sedgwick group plc s river thames insurance co transamerica will buy mln newly issued class a shares of river thames for dlrs per share sedgwick wil retain a pct interest in river thames which is a property liability reinsurer the agreement subject to shareholder approval is expected to close by the end of the year the company said in river thames reported net premiums written of mln dlrs reuter" }, { "label": 2, "text": "intermec corp intr o nd qtr sept net shr cts vs cts net vs revs mln vs mln avg shrs vs six mths shr cts vs cts net vs revs mln vs mln avg shrs vs reuter" }, { "label": 2, "text": "homestead financial corp hfl rd qtr net shr cts vs cts net vs nine mths shr dlrs vs dlrs net vs avg shrs vs note prior nine month figures include extraordinary after tax loss of mln dlrs or cts per share reuter" }, { "label": 2, "text": "silvercrest corp slv st qtr sept net shr cts vs cts net vs revs mln vs mln note current qtr figures include tax loss carryforward credit of dlrs vs credit of dlrs reuter" }, { "label": 4, "text": "donald regan says u s should ease credit supply donald regan president reagan s former chief of staff said the government should loosen the money supply try to keep interest rates down and try to reduce the federal budget and trade deficits to avoid a recession i think what we have to face now is trying to preserve our economy the one time chairman of merrill lynch and co inc mer said in an interview on the abc television network we ve got to loosen money we ve got to keep interest rates down we can t afford to let them go up that means we re going to have to work on our twin deficits both the budget deficit and the trade deficit regan said i certainly wouldn t tighten money at this particular moment regan said when asked about the prospects for a recession following monday s price drop on wall street i think that if they were to do that they d create the same conditions that we did in they choked off the money supply and what happened we went into a major recession i think that s the one thing we ve got to avoid right now regan also called on the government to impose restrictions on program trading i think that that s exacerbated exaggerated this decline and i think it s something that they must stop he said reuter" }, { "label": 2, "text": "h f ahmanson and co ahm rd qtr net shr cts vs cts net mln vs mln nine mths shr dlrs vs dlrs net mln vs mln avg shrs vs assets billion vs billion loans billion vs billion deposits billion vs billion reuter" }, { "label": 2, "text": "jwp inc jwp rd qtr net shr cts vs cts net mln vs revs mln vs mln avg shrs mln vs mln nine mths shr dlrs vs cts net mln vs revs mln vs mln avg shrs mln vs mln reuter" }, { "label": 2, "text": "peoples savings bank pebw o rd qtr net shr cts vs not given net vs nine mths shr dlrs vs not given net vs note company went public in october reuter" }, { "label": 2, "text": "texas eastern corp tet rd qtr net shr profit three cts vs profit cts net profit vs profit mln nine mths shr profit dlrs vs loss cts net mln vs loss mln note rd qtr and nine months includes a profit of mln dlrs and a loss of mln dlrs from discontinued operations earnings per share are reported after payment of preferred stock dividends of subsidiaries reuter" }, { "label": 1, "text": "phillips p raises crude oil prices phillips petroleum corp said it raised the contract price it will pay for all grades of crude oil by cts a barrel effective oct the increase brings the company s postings for the west texas intermediate and west texas sour grades to dlrs a barrel phillips last changed it crude oil postings on sept reuter" }, { "label": 2, "text": "meditrust sbi mt rd qtr net shr cts vs cts net vs revs vs avg shrs mln vs nine mths shr dlrs vs dlrs net mln vs revs mln vs avg shrs mln vs reuter" }, { "label": 2, "text": "health images inc himg o rd qtr net shr profit five cts vs loss four cts net profit vs loss revs vs nine mths shr loss cts vs loss cts net loss vs revs mln vs note nine mths includes charge dlrs for exchange by an officer and director of shares of junior subordinated stock for shares of common stock and a year warrant to purchase shares of common stock at dlrs per share reuter" }, { "label": 2, "text": "preston corp ptrk o rd qtr net shr four cts vs cts net vs revs mln vs mln nine mths shr cts vs dlrs net vs revs mln vs mln reuter" }, { "label": 0, "text": "u s commerce dept opposes foreign takeover ban commerce undersecretary j michael farren opposed language in the trade bill before congress to limit foreign takeovers of u s companies anything that would serve to have a chilling effect on foreign investment is going to cost us jobs and economic growth farren said before a congressional coittee house and senate negotiators are ironing out differences in trade bills passed by both chambers once the negotiators reach agreement the bill will be sent to president reagan for his signature reuter" }, { "label": 2, "text": "contrans corp css to th qtr august net shr cts vs cts net vs revs mln vs mln year shr cts vs dlrs net vs revs mln vs mln note share figures for year are after payment of preferred share dividend and include unspecified extraordinary items reuter" }, { "label": 2, "text": "stanadyne inc stna o rd qtr net shr cts vs cts net vs revs mln vs mln nine mths shr dlrs vs dlrs net mln vs mln revs mln vs mln reuter" }, { "label": 2, "text": "mercantile bankshares corp mrbk o rd qtr net shr cts vs cts net mln vs avg shrs mln vs mln nine mths shr dlrs vs dlrs net mln vs mln note net includes pretax securities gains dlrs vs dlrs in quarter and dlrs vs dlrs in nine mths net includes loan loss provisions dlrs vs dlrs in quarter and dlrs vs dlrs in nine mths reuter" }, { "label": 6, "text": "pentagon says u s warships begin escorting gulf tanker convoy south from kuwait" }, { "label": 2, "text": "allegheny ludlum corp als rd qtr net shr cts vs not given net vs not given revs mln vs mln nine mths shr dlrs vs not given net mln vs not given revs mln vs mln note year ago per share and net income not available as company recapitalized on december after it became a new reporting entity for financial reporting purposes reuter" }, { "label": 2, "text": "atlantic research corp atrc o rd qtr net shr primary cts vs cts shr diluted cts vs cts net vs revs mln vs mln nine mths shr primary dlrs vs dlrs shr diluted dlrs vs dlrs net mln vs mln revs mln vs mln reuter" }, { "label": 2, "text": "tw services inc tw rd qtr net shr cts vs cts net mln vs mln revs mln vs mln avg shrs vs nine months shr cts vs cts net mln vs mln revs billion vs billion avg shrs vs note results do not include september acquisiton of denny s inc reuter" }, { "label": 2, "text": "santa fe energy partners sfp rd qtr loss shr loss cts vs loss dlrs net loss vs loss mln revs mln vs mln avg units mln vs mln nine mths shr loss cts vs loss dlrs net loss vs loss mln revs mln vs mln avg units mln vs mln note full name is sante fe energy partners l p reuter" }, { "label": 2, "text": "general development corp cdv rd qtr net shr cts vs cts net vs revs mln vs mln avg shrs vs nine mths shr dlrs vs dlrs net mln vs mln revs mln vs mln avg shrs vs reuter" }, { "label": 0, "text": "group lifts stake in smith international sii a group of firms led by hong kong based industrial equity pacific ltd said it increased its stake in smith international inc common stock to shares or pct of the total outstanding from about pct in a filing with the securities and exchange commission the group said it bought smith common shares between october and at dlrs to dlrs a share no reason was given for the recent purchases reuter" }, { "label": 1, "text": "iran soviets to hold talks on oil exchange deal iran and the soviet union have provisionally agreed to hold talks on a possible exchange of iranian crude oil for finished soviet oil products an official spokesman said tuesday gennady gerasimov chief of the soviet foreign ministry s information directorate told reporters the agreement had been reached during a visit to moscow last week by iran s oil minister gholamreza aqazadeh gerasimov said no date had been set for the talks which would also study the possibility of soviet technical assistance for iran s oil industry reuter" }, { "label": 2, "text": "us west inc usw rd qtr net shr dlrs vs dlrs net mln vs mln sales billion vs billion avg shrs mln vs mln nine mths shr dlrs vs dlrs net mln vs mln sales billion vs billion avg shrs mln vs mln reuter" }, { "label": 0, "text": "guinness completes unit sales worth mln stg guinness plc guin l said it has completed the sale of subsidiaries martin ctn group plc and drummonds pharmacy group plc total consideration was mln stg subject to adjustment on final audit which is expected to add mln stg guinness said martins has been sold to panfida ltd an australian investment company and drummonds to macarthy plc reuter" }, { "label": 2, "text": "north side savings bank nsbk o th sept shr cts vs cts net vs year shr dlrs vs cts net vs note year excludes dlrs for tax credits th qtr and year excludes a gain of dlrs and dlrs respectively for tax credits per share amounts caclulted from april to septebmer the date of bank s conversion to stock ownership reuter" }, { "label": 7, "text": "lyng defends u s export subsidy program u s agriculture secretary richard lyng said the united states will continue its policy of subsidizing farm exports to regain lost markets until there is a global agreement to end such subsidies in an interview with reuters lyng also acknowledged he was troubled by the prospect that the export enhancement program eep could prove so indispensable to boosting u s exports that the u s would have difficulty abandoning it yes i m troubled with that a little bit he said there s no question about it the longer you feed the calf on the cow the longer it is to wean it in recent months usda has offered subsidies on a growing list of commodities to an increasing number of countries lyng called u s and european community export subsidies just plain nonsensical as a long term policy and said he saw an end to the expansion of the eep i m sure there s an end to the expansion but we are doing this to accomplish our goal which is to regain the markets that we ve lost to keep our products competitive and to let those particularly the european community who we are convinced are the worst offenders in terms of the export subsidization that we are prepared to continue to do this until we can come to some agreement to put an end to it he said reuter" }, { "label": 2, "text": "athey products corp atpc o rd qtr net shr cts vs cts net vs revs mln vs nine mths shr dlrs vs cts net vs revs mln vs mln reuter" }, { "label": 2, "text": "nature s sunshine products inc amtc o rd qtr shr cts vs cts net vs revs vs avg shrs vs nine mths shr cts vs cts net vs revs mln vs mln avg shrs vs reuter" }, { "label": 2, "text": "legg mason inc lm nd qtr net shr cts vs cts net vs revs mln vs mln avg shrs vs six mths shr cts vs cts net vs revs mln vs mln avg shrs vs reuter" }, { "label": 1, "text": "soviet oil output target at mln tonnes the soviet oil production target for has been set at mln tonnes a rise of eight mln tonnes over this year s planned output oil minister vasily dinkov announced the figure on tuesday at the supreme soviet the country s nominal parliament he said a new development strategy fuller use of oil deposits and better housing and pay for oilmen had allowed an upsurge in the oil industry after three years of stagnation which began in late last year the soviet union produced mln tonnes of oil slightly short of the target of mln january september figures released at the weekend showed soviet oil output in the first nine months of this year at mln tonnes the target is million dinkov said the soviet union would develop new oil deposits in the coming year he called for speedier geolog prospecting across the country to spur the oil industry the supreme soviet convened on monday to endorse the budget and plan the session is expected to end on tuesday reuter" }, { "label": 2, "text": "dyncorp dyn rd qtr net shr cts vs cts net vs revs mln vs mln nine mths oper shr cts vs cts oper net vs revs mln vs mln note nine mths net excludes dlr charge from antitrust litigation reuter" }, { "label": 2, "text": "frozen food express fexp o rd qtr net shr cts vs cts net vs revs mln vs mln nine mths shr dlrs vs cts net vs revs mln vs mln note full name of company is frozen food express industries inc reuter" }, { "label": 2, "text": "astrocom corp acom o rd qtr net shr loss four cts vs profit four cts net loss vs profit revs vs nine mths shr loss three cts vs profit seven cts net loss vs profit revs vs reuter" }, { "label": 0, "text": "ericsson sells office machine division telefon ab l m ericsson eric st said it would sell its office machinery unit with a turnover of two billion crowns to norway s norska design funktion a s ericsson information systems of which the unit is a part said in a statement a decision would be reached in november about when the norwegian firm would take over the operation no price was given for the deal eis managing director stig larsson said the deal would allow eis to concentrate on voice and data communication products reuter" }, { "label": 2, "text": "armor all products corp armr o nd qtr sept shr cts vs cts net vs revs mln vs mln st half shr cts vs cts net vs revs mln vs mln note affiliate of mckesson corp mck reuter" }, { "label": 0, "text": "goodman fielder has pct of ranks hovis goodman fielder ltd goow s of australia said in a statement that it had acquired mln ordinary shares in ranks hovis mcdougall plc rhml l rhm bringing its stake in the company to pct or mln ordinary shares goodman said it has no intention of making a full bid for the company and would not contemplate doing so over the next six months in the absence of a material change in the circumstances of ranks rhm said it regards the stake build up as a hostile move which is unwelcome and not in the long term interest of shareholders reuter" }, { "label": 2, "text": "multibank financial corp mltf o rd qtr net shr cts vs cts net vs avg shrs vs nine mths shr dlrs vs dlrs net mln vs mln avg shrs vs reuter" }, { "label": 2, "text": "usp real estate investment trust uspts o rd shr eight cts vs cts qtly div cts vs cts prior net vs nine mths shr dlrs vs cts net vs note and nine mths includes a net gain on sale of assets of dlrs or cts a share and dlrs respectively dividend payable november to shareholders or record october reuter" }, { "label": 2, "text": "lincoln financial corp lfin o rd qtr net shr cts vs cts net vs nine mths shr dlrs vs dlrs net vs assets billion vs bilion deposits billion vs billion loans billion vs mln note figures restated to reflect pooling of interests transactions with angola state bank and shipshewana state bank and an october three for one stock split reuter" }, { "label": 5, "text": "lawson says u s west german row was unnecessary u k chancellor of the exchequer nigel lawson said the recent dispute between the united states and west germany over economic policy was responsible for much financial turmoil and that it should never have happened he said in a television interview the dispute had fanned fears of a breakdown in the cooperation which is so important between finance ministers of the major nations he said the dispute was a row which should not have happened and agreed that much of the blame lay with u s treasury secretary james baker who had publicly criticised west germany for having raised its key interest rates reuter" }, { "label": 2, "text": "republic american corp rawc o rd qtr net oper shr cts vs cts oper net vs avg shrs mln vs mln nine mths oper shr dlrs vs cts oper net mln vs mln avg shrs mln vs mln note net excludes realized capital gains of dlrs in quarter and mln dlrs in nine mths reuter" }, { "label": 2, "text": "kent electronics corp kec nd qtr sept net shr cts vs seven cts net vs revs vs avg shrs vs nine mths shr cts vs cts net vs revs mln vs avg shrs vs reuter" }, { "label": 2, "text": "qms inc aqm th qtr oct net shr cts vs cts net vs revs mln vs mln avg shrs vs year shr cts vs cts net vs revs mln vs mln avg shrs vs reuter" }, { "label": 2, "text": "la petite academy inc lpai o rd qtr net shr cts vs nine cts net vs revs mln vs mln nine mths shr cts vs cts net vs revs mln vs mln note share adjusted for stock dividends reuter" }, { "label": 2, "text": "teleconcepts corp tcc rd qtr net shr profit cts vs profit one ct net profit vs profit sales vs avg shrs vs nine mths shr profit cts vs loss cts net profit vs loss sales mln vs avg shrs vs backlog vs reuter" }, { "label": 2, "text": "wells fargo and co wfc raises quarterly div qtly div cts vs cts pay jan record dec reuter" }, { "label": 2, "text": "petrolane partners l p lpg rd qtr loss shr loss five cts vs profit six cts net loss mln vs profit mln revs mln vs mln nine months shr profit one dlrs vs profit cts net profit mln vs profit mln revs mln vs mln note results are in pro forma form partnership became public on march previous results reported from texas eastern corp s tet petrolane inc domestic division reuter" }, { "label": 2, "text": "valero energy corp vlo rd qtr loss shr loss dlrs vs loss dlrs net loss mln vs loss mln revs mln vs mln nine mths shr loss cts vs loss dlrs net profit mln vs loss mln revs mln vs mln note all periods toher than rd qtr are pro forma note rd qtr includes a mln dlrs or ct a share after tax loss from discontinued operations mainly from sale of assets of oil and gas exploration and production subsidiary on september rd qtr also includes an extraordinary mln dlrs or cts a share for planned redemtion of company s pct subordinated debentures nine mths net includes a loss of mln dlrs or dlrs a share for discontinued operations per share loss is after deducting for preferred stock dividends nine mths net also includes after tax gain of mln dlrs or dlrs per share for formation of valero natural gas partners l p rd qtr includes after tax loss from discontinued operations of mln dlrs or dl share reuter" }, { "label": 2, "text": "american filtrona corp afil o rd qtr shr cts vs cts net vs revs mln vs mln nine mths shr dlrs vs dlrs net vs revs mln vs mln note rd qtr includes a charge of dlrs or cts a share for relocation costs for phase out some operations reuter" }, { "label": 0, "text": "stanadyne stna o purchases ambac stake stanadyne inc said it has acquired a substnatial majority of ambac s p a s outstanding stock from ail corp the successor to united technologies corp s utx diesel systems division for undisclosed terms in addition to purchase a majority of the brescia italy based company stanadyne said it acquired a minority interest in ambac s u s operation headquartered in columbia s c reuter" }, { "label": 2, "text": "family steak houses of florida inc ryfl o rd shr four cts vs two cts net vs revs vs nine mths shr cts vs seven cts net vs revs mln vs avg shrs mln vs reuter" }, { "label": 2, "text": "ecolab inc ecl rd qtr oper shr oper shr cts vs cts oper net vs revs mln vs mln nine mths oper shr dlrs vs dlrs oper net mln vs mln revs mln vs mln note results include restructuring and non recurring charge of cts a share to restructure chemlawn acquired in april and other recent acquisitions results exclude gain on sale of discontinued operations of mln dlrs or dlrs a share in rd qtr results also exclude income from discontinued operations of dlrs in nine mths of dlrs or two cts in rd qtr and dlrs or cts in nine mths reuter" }, { "label": 2, "text": "merchants national corp mchn o rd qtr net shr cts vs cts net mln vs nine mths shr cts vs dlrs net vs mln note nine mths net reflects mln dlr addition to latin american loan loss provision reuter" }, { "label": 4, "text": "lawson says uk interest rate prospects unchanged u k chancellor of the exchequer nigel lawson said the collapse of british share prices this week held no implication so far for domestic interest rates he said in a television interview that there is nothing in the events of the past few days to increase the upward pressure on u k interest rates sterling has so far stayed solid during the crisis backed by strong economic fundamentals and by pct bank base lending rates analysts said lawson s comments followed another frantic day in london s financial center where british shares closed pct down on the day reuter" }, { "label": 2, "text": "loral corp lor nd qtr sept shr cts vs cts net mln vs mln revs mln vs mln six mths shr dlrs vs dlrs net mln vs mln revs mln vs mln backlog billion vs mln note year ago qtr and six mths included after net charge of about four cts per shr representing the difference between a gain on the sale of securities and the write off of certain nonrecurring costs in addition the six mths includes a mln dlr gain on the sale of a unit and a one mln dlr writedown of a minority interest investment results for the qtr and the six mths in current year include loral systems group formerly goodyear aerospace acquired in march reuter" }, { "label": 2, "text": "citizens and southern corp csou o rd qtr net shr cts vs cts qtly div cts vs cts prior net mln vs mln avg shrs mln vs mln nine mths shr dlrs vs dlrs net mln vs mln avg shrs mln vs mln note nine mths net includes special mln dlr loan loss provision nine mths net includes mln dlr charge for settlement of suit dividend pay dec record nov reuter" }, { "label": 2, "text": "alex brown inc absb o rd qet sept end primary shr cts vs cts diluted shr cts vs cts net vs revs mln vs mln primary avg shrs vs diluted avg shrs vs nine months primary shr dlrs vs dlrs diluted shr dlrs vs dlrs net mln vs mln revs mln vs mln primary avg shrs vs diluted avg shrs vs note results are pro forma assuming that company was public throughout company became public feb reuter" }, { "label": 2, "text": "banctexas group inc btx rd qtr oper loss oper shr loss dlrs vs loss dlrs oper net loss vs loss avg shrs vs nine mths oper shr loss dlrs vs loss dlrs oper net loss vs loss avg shrs vs assets mln vs billion deposits mln vs mln loans mln vs mln note july company completed recapitalization with injection of mln dlrs in cash mln from the federal deposit insurance corp and mln dlrs raised through a stock rights offering qtr and nine mths exclude gain of mln dlrs realized primarily from early settlement of debt in connection with the recapitalization and a three mln dlr loss on investment securities qtr and nine mths exclude mln dlr gain on investment securities nine mths excludes gain of mln dlrs from sale of subsidiary bank and shr and avg shrs restated for one for reverse stock split number of shrs outstanding at sept was reuter" }, { "label": 2, "text": "gotaas larsen shipping corp gotlf o rd qtr shr cts vs cts net mln vs revs mln vs mln nine mths shr dlrs vs dlrs net mln mln revs mln vs mln reuter" }, { "label": 0, "text": "science accessories seas o ends purchase talks science accessories corp said it has ended talks on acquiring privately held owl electronics laborarories inc because it could not reach satisfactory terms reuter" }, { "label": 2, "text": "greater new york savings bank grtr o rd qtr shr cts vs n a net vs nine mths shr n a vs n a net mln vs mln assets billion vs billion note year ago per shr amts not available as bank converted to stock ownership june rd qtr and nine mths has mln and mln dlrs for tax credits rd and nine mths mln and mln dlrs for tax credits reuter" }, { "label": 2, "text": "consolidated fibres inc cfib o st qtr net qtr ended sept shr cts vs cts net vs sales mln vs mln reuter" }, { "label": 2, "text": "computer task group inc tsk rd qtr net shr cts vs cts net vs revs mln vs mln avg shrs vs nine mths shr cts vs cts net vs revs mln mln avg shrs vs reuter" }, { "label": 2, "text": "simpson industries inc smps o rd qtr net shr cts vs cts net vs sales mln vs mln nine mths shr cts vs dlrs net vs sales mln vs mln note figures include dlr gain or eight cts a share from discontinued operations reuter" }, { "label": 2, "text": "network systems corp nsco o rd qtr net shr cts vs cts net vs revs mln vs mln nine mths shr cts vs cts net mln vs mln revs mln vs mln reuter" }, { "label": 2, "text": "pittsburgh and west virginia pw rd qtr net shr cts vs cts net vs revs mln vs mln nine months shr cts vs cts net vs revs vs note full name pittsburgh and west virginia railroad reuter" }, { "label": 2, "text": "national micronetics inc nmic o st qtr st qtr ended september shr profit two cts vs loss cts net profit vs loss revs vs reuter" }, { "label": 2, "text": "public service enterprise peg rd qtr net shr cts vs cts net mln vs mln revs one billion vs billion avg shrs vs nine months shr dlrs vs dlrs net mln vs mln revs billion vs billion avg shrs vs months shr dlrs vs dlrs net mln vs mln revs billion vs billion avg shrs vs note full name public service enterprise group inc all results reflect three for two stock split effective july reuter" }, { "label": 2, "text": "p and c foods inc food o rd qtr oct net shr cts vs cts net vs revs mln vs mln avg shrs vs nine mths shr cts vs cts net vs revs mln vs mln avg shrs vs reuter" }, { "label": 0, "text": "total capital acquires dunhill compact total capital corp said it acquired dunhill compact classics inc for an unspecified amount of stock the surviving company will be controlled by dunhill s principals total capital said dunhill makes compact discs reuter" }, { "label": 2, "text": "american business products inc abp rd qtr oper shr cts vs cts oper net vs sales mln vs mln nine mths oper shr dlrs vs dlrs oper net vs sales mln vs mln note net both periods excludes dlr special charge reuter" }, { "label": 2, "text": "bemis co bms rd qtr net shr cts vs cts net vs sales mln vs mln nine mths shr dlrs vs dlrs net vs sales mln vs mln reuter" }, { "label": 2, "text": "tolland bank fsb tobk o nd qtr net sept end shr cts net vs six months shr cts net vs assets mln vs mln note company became public dec reuter" }, { "label": 2, "text": "western co of north america wsn rd qtr loss shr loss cts vs loss dlrs net mln vs loss mln revs mln vs mln nine mths shr loss dlrs vs loss dlrs net loss mln vs loss mln revs mln vs ml note qtr includes loss dlrs for mobilization costs associated with two offshore drilling rigs qtr includes charge mln dlrs for write down of oilfield services equipment and offshore drilling rigs reuter" }, { "label": 2, "text": "coachmen industries coa rd qtr net shr loss eight cts vs profit six cts net loss vs profit sales mln vs mln avg shrs vs nine mths shr profit cts vs profit cts net profit vs profit sales mln vs mln avg shrs vs reuter" }, { "label": 2, "text": "diamond crystal dslt o nd qtr sept net shr cts vs cts net vs sales mln vs mln six mths shr cts vs cts net vs sales mln vs mln note full name is diamond crystal salt co reuter" }, { "label": 2, "text": "kmw systems corp kmw st qtr net sept end primary shr five cts vs eight cts diluted shr five cts vs eight cts net vs revs vs primary avg shrs vs diluted avg shrs vs note results includes a tax credit of dlrs reuter" }, { "label": 0, "text": "owens illinois oi extends brockway brk offer owens illinois inc said its subsidiary s dlr a share cash tender offer for all the outstanding common shares of brockway inc has been extended to midnight october the offer had been scheduled to expire at midnight october owens illinois said that as of oct common shares or about pct of the outstanding shares of brockway have been tendered it said it and brockway are preparing responses to the previously announced request for additional information from the federal trade commission under the hart scott rodino act the owens illinois subsidiary which began the tender offer on september will not be able to buy brockway s common shares until days following owens illinois compliance with the ftc request or other conditions reuter" }, { "label": 6, "text": "us senate cuts off stall tactics on gulf bill confronted by new hostilities involving u s forces in the gulf the u s senate voted to end republican stalling tactics and limit debate on a measure that could give congress a larger role in gulf policy the measure however does not require president reagan to comply with the war powers act as does a related senate bill the controversial war powers act could require a pullout of u s forces from the gulf the senate voted to stop a filibuster and limit debate to hours on a bipartisan measure that requires reagan to report to congress on gulf policy within days and calls for a resolution to be passed in the house and senate on the situation in the volatile waterway days later the resolution could be about any gulf related issue including an expression of support or of disapproval for reagan s policy of protecting kuwaiti tankers from iran in the waterway the pentagon said the th u s protected convoy began moving through the gulf early tuesday reuter" }, { "label": 2, "text": "ingersoll rand co ir rd qtr net shr cts vs cts net mln vs mln revs mln vs mln avg shrs vs nine months shr dlrs vs dlrs net mln vs mln revs billion vs billion avg shrs vs note all results reflect five for two common stock split payable in the form of a stock dividend payable july results include gains from retroactive adoption of new accounting rules for pension on jan of mln and mln dlrs for third quarter and nine month periods respectively company redeemed its outstanding preference stock dlrs convertible series on sept reuter" }, { "label": 2, "text": "sjw corp sjw rd qtr net shr dlrs vs dlrs net vs revs mln vs mln nine mths shr dlrs vs dlrs net vs revs mln vs mln reuter" }, { "label": 1, "text": "us ruled out attack on iranian silkworms u s military planners ruled out iran s silkworm missiles as a target in the retaliatory attack mounted on monday for fear of being drawn more deeply into the iran iraq war defense and middle east experts said u s naval forces destroyed an offshore oil platform and raided another in what the administration called a measured and appropriate response to an iranian silkworm missile attack last friday on a u s flagged tanker in kuwaiti waters private analysts generally agreed that going after the rig rather than an onshore economic or military target such as silkworm launch sites reflected a careful bid by washington to limit the political military and diplomatic fallout both at home and in the gulf it simply demonstrated the united states will take military action when they iran take military action norman polmar a defense analyst and author said he said hitting the platforms had spared iran the embarrassment of casualties on its own soil possibly avoiding an escalating spiral of attack and counterattack in addition it minimized the risk to u s forces and the potential embarrassment of any losses including aircraft that could have been shot down had they taken part in an attack anthony cordesman author of a new book on the iran iraq war said the united states apparently chose a limited target to keep alive the possibility that u n secretary general javier perez de cuellar might still persuade iran to accept a security council call for a ceasefire we want the u n peace initiative to work if there s any chance at all he said adding that the action made it clear tougher steps would follow if iran to attack gulf shipping in targeting an oil rig albeit one said by the pentagon to have been turned into a military command post washington also sent a message that it might be willing to attack iran s economic lifeline pentagon officials said the platform had been used as a base for iranian raids against shipping in the lower gulf we have chosen a military target but we also have shown iran that we are willing to interfere with its oil exporting capabilities cordesman said he predicted the united states would respond to any future major iranian challenges by hitting iran s naval base at bandar abbas on the straits of hormuz followed by mining the approaches to iran s oil export terminal on kharg island defense secretary caspar weinberger said on monday the united states did not seek further confrontation with iran but we will be prepared to meet any escalation of military action by iran with stronger countermeasures reuter" }, { "label": 2, "text": "adobe resources corp adb rd qtr net shr loss two cts vs loss cts net profit vs loss revs mln vs mln nine mths shr profit cts vs loss dlrs net profit mln vs loss mln revs mln vs mln note qtr and nine mths includes gain dlrs or five cts per share and mln dlrs or cts per share respectively from net operating loss carryforward qtr and nine mths includes loss dlrs or cts per share and loss mln dlrs or cts per share respectively from payment of preferred dividends qtr and nine mths includes loss dlrs or cts per share and mln dlrs or cts per share respectively from payment of preferred dividends reuter" }, { "label": 2, "text": "kenner parker toys inc kpt rd qtr oper oper shr dlrs vs cts oper net mln vs mln revs mln vs mln nine mths oper shr dlrs vs dlrs oper net mln vs mln revs mln vs mln note rd qtr and nine mths oper net excludes gains from tax loss carryforwards of dlrs and dlrs respectively rd qtr and nine mths oper net excludes tax carryforward gains of dlrs and dlrs respectively reuter" }, { "label": 2, "text": "tennant co tant o rd qtr net shr cts vs cts net vs sale mln vs mln nine mths shr dlrs vs dlrs net vs sales mln vs mln reuter" }, { "label": 0, "text": "welbilt welb o acquires food handling systems welbilt corp said it acquired food handling systems inc of dallas a producer of commercial ovens conveyers and proofer systems terms of the transaction were not disclosed food handling which also produces equipment for the commercial baking industry was privately owned by richard shumway of mesa ariz and vic ferrara of dallas both of whom will remain with the company the company has manufacturing facilities in dallas and phoenix reuter" }, { "label": 2, "text": "de laurentiis entertainment deg nd qtr loss period ended august shr loss cts vs profit cts net loss vs profit revs mln vs mln six mths shr loss dlrs vs loss seven cts net loss vs loss revs mln vs mln note full name de laurentiis entertainment group inc reuter" }, { "label": 2, "text": "albany international corp aaica o rd qtr net shr cts vs cts net vs revs mln vs mln nine mths shr cts vs cts net mln vs revs mln vs mln avg shrs mln vs mln reuter" }, { "label": 2, "text": "american business products inc abp rd qtr shr cts vs eight cts net vs revs mln vs mln nine mths shr dlrs vs dlrs net vs revs mln vs mln note qtr and nine mths includes loss dlrs or cts per share from unspecified extraordinary item reuter" }, { "label": 2, "text": "allied bancshares inc albn o rd qtr loss shr loss dlrs vs loss dlrs net loss mln vs loss mln nine mths shr loss dlrs vs loss cts net loss mln vs loss mln note qtr and nine mths includes loss mln dlrs and mln dlrs respectively for loan loss allowance provision qtr includes gain mln dlrs from tax benefit reuter" }, { "label": 2, "text": "central banking system inc csys o rd qtr net shr cts vs cts net vs nine mths shr dlrs vs cts net vs loans mln vs mln deposits mln vs billion assets billion vs billion reuter" }, { "label": 1, "text": "outer continental shelf sale postponed outer continental shelf oil and gas lease sale number in the beaufort sea tentatively schedualed for january has been postponed the u s department of interior said alan powers chief of the minerals maanagement service for the department said the delay is to have more time to study the effects of drilling noise on whale migrations powers said the state has asked for additional noise data for the sale area off alaska s north slope a new date has not been set but it will likely be no sooner than next march powers said some blocks encompassing about mln acres are involved in the proposed sale the area is between three and miles off the northern coast of alaska in the artic ocean between the canadian border and degrees west longitude reuter" }, { "label": 2, "text": "seacoast banking corp of florida sbcf o rd shr cts vs cts net vs nine mths shr dlrs vs dlrs net vs reuter" }, { "label": 2, "text": "coeur d alene mines corp cour o rd qtr net shr profit cts vs loss cts net profit vs loss revs mln vs avg shrs vs nine mths shr profit cts vs loss cts net profit vs loss revs mln vs avg shrs vs reuter" }, { "label": 2, "text": "strathcona resource srh to rd qtr aug net shr profit two cts vs nil net profit vs loss revs vs nine mths shr loss one ct vs loss four cts net loss vs loss revs mln vs mln note full name is strathcona resource industries ltd reuter" }, { "label": 2, "text": "corporate software inc csof o rd qtr net shr cts vs cts net vs revs mln vs avg shrs vs nine mths shr cts vs cts net vs revs mln vs mln avg shrs vs note includes extraordinary credit of or six cts per shr in qtr and or cts per shr in nine mths reuter" }, { "label": 2, "text": "susquehanna corp sqn rd qtr net shr cts vs seven cts net vs revs mln vs mln nine mths shr cts vs cts net vs revs mln vs mln note net includes loss from discontinued operations of or two cts per shr in qtr and or cts per shr in nine mths reuter" }, { "label": 1, "text": "ecuador s cepe names new head the state run ecuadorean state oil corporation cepe has named jaime sanchez valdivieso as its new general manager replacing carlos romo leroux a cepe spokesman said the spokesman told reuters sanchez is a year old civil engineer who formerly headed cepe s administration and finances division romo leroux resigned last week for personal and family reasons the spokesman said reuter" }, { "label": 0, "text": "amex says bear stearns bought specialist unit the american stock exchange said as previously reported that bear stearns and co bsc has purchased w damm m frank and co a specialist unit on the amex trading floor amex said the unit which trades stocks and options is small in comparison to other specialist units the personel and operations remain the same the exchange added the price was not disclosed a specialist unit is authorized by a stock exchange to deal as an agent for other brokers to keep a stable market in one or more particular stocks reuter" }, { "label": 2, "text": "dinner bell foods inc dinb o st qtr sept shr dlrs vs seven cts qtly div cts vs cts in prior qtr net vs sales mln vs mln note net includes pre tax gain of dlrs from termination of retirement plan for salaried employees and dlrs charge for reorganization costs dividend payable november to holders of record november two reuter" }, { "label": 2, "text": "petrolane partners l p lpg rd qtr loss shr loss five cts vs profit six cts net loss vs profit nine mths shr profit dlrs vs profit cts net profit mln vs profit mln note year ago results are pro forma since the company was created in march by the transfer to a master limited partnership of all domestic assets of petrolane inc s liquefied petroleum gas division reuter" }, { "label": 2, "text": "eastek corp estk o st qtr sept loss shr loss cts vs loss four cts net loss vs loss revs vs not available note the company made its initial offering in march and before then had been a development stage company so no sales were posted in reuter" }, { "label": 2, "text": "american capital management aca rd qtr net shr cts vs cts net vs revs mln vs mln nine mths shr dlrs vs dlrs net mln vs mln revs mln vs mln note company s full name is american capital management and research inc reuter" }, { "label": 2, "text": "p and c foods inc food o rd qtr net oct end shr cts vs cts net vs revs mln vs mln avg shrs vs nine months shr cts vs cts net vs revs mln vs mln avg shrs vs reuter" }, { "label": 2, "text": "regency electronics inc rgcy o st qtr net period ended september shr profit one ct vs loss three cts net profit vs sales mln vs mln reuter" }, { "label": 0, "text": "dinner bell dinb o leverage buy out dropped dinner bell foods inc said the talks concerning a proposed leveraged buy out of the company have been terminated a spokesman said the group led by joseph f grimes ii a director of the company and b rober kill has withdrawn their proposal to acquire the company s stock for dlrs a share the company also said its board determined the previously postponed annual meeting will be held on january five reuter" }, { "label": 2, "text": "quaker oats co oat st qtr sept net shr cts vs cts net mln vs mln sales billion vs mln avg shrs vs reuter" }, { "label": 7, "text": "ecuador posts mln dlr mth trade deficit ecuador posted a trade deficit of mln dlrs in the first eight months of compared with a surplus of mln dlrs in the same period of central bank figures show ecuador suspended oil exports which made up pct of the value of its total exports in for five months this year after an earthquake in march shattered the country s pipeline the central bank said the value of exports from january to august stood at billion dlrs and imports billion dlrs net international monetary reserves declined to mln dlrs at end september from mln dlrs at end september reuter" }, { "label": 2, "text": "nl industries inc nl rd qtr net shr profit two cts vs loss cts net profit mln vs loss mln revs mln vs mln nine mths shr loss cts vs loss dlrs net profit mln vs loss mln revs billion vs mln note net income per share is after deductions for mandatory preferred stock dividends and income from the chemical operations not attributable to common stockholders qtr and nine mths includes gain of eight cts per share for the partial redemption of series a preferred stock which will be paid from the net earnings of the chemicals operations nine mths includes loss mln dlrs from write down of petroleum service assets and other restructuring costs reuter" }, { "label": 1, "text": "amoco raises most crude postings cts today wti to dlrs" }, { "label": 0, "text": "pan am pn sets pacific satellite stake sale johnson geneva u s a said it has agreed to buy pan am corp s pct holding in their joint venture company pan am pacific satellite corp for undisclosed terms johnson geneva said pan am divested owership in the project as part of a corporate restructuring plan but will continue to provide engineering services on a contract basis johnson geneva said the buy out was accomplished through onpraise ltd a hong kong company controlled by johnson geneva chairman michael johnson funds have been provided by onpraise to increase the satellite company s working capita reuter" }, { "label": 2, "text": "ifr systems inc ifrs o st qtr sept net shr cts vs cts net vs sales vs reuter" }, { "label": 0, "text": "telex tc adopts shareholder rights plan telex corp said its board adopted a shareholder rights plan which will allow shareholders to purchase one common share for two dlrs if a hostile group acquires pct or more of the company however the company said the plan will not be triggered by purchases pursuant to the dlrs a share tender offer commenced on october by a unit of tlx partners a group controlled by new york financier asher edelman it said the rights will be distributed on a one for one basis to all shareholders as of october and may be redeemed before they become exercisable at five cents per right the company said the rights will expire on the later of february next year or days from the date they become exercisable it said the plan was intended to protect stockholders against any attempt to take unfair advantage of the recent decline in stock prices or to use abusive tactics such as market accumulations which would interfere with its ability to maximize stockholder value the rights become exercisable if any person or group acquires pct or more of the company s common stock other than through an all cash tender offer for all outstanding shares at dlrs per share it said the rights will also not become exercisable if the company is acquired by a group under an agreement made with its board a spokeswoman told reuters the company would have an official response to edelman s bid by friday oct reuter" }, { "label": 2, "text": "alcan aluminium ltd al to rd qtr net shr cts vs cts net mln vs mln revs billion vs billion avg shrs mln vs mln nine mths shr dlrs vs dlrs net mln vs mln revs billion vs billion note net for current qtr included non operating costs of mln vs income of mln in qtr net in nine mths included non operating costs of mln in nine mths vs income of mln in nine mths prior year s earnings per shr and average number of shrs outstanding have been restated to reflect a for split which became effective may for purposes of comparability following the reorganization of july net figures including those for are reported before preferred dividends reuter" }, { "label": 2, "text": "john hanson savings jhsl o st qtr net sept end shr profit cts vs loss six cts net profit vs loss assets billion vs mln reuter" }, { "label": 1, "text": "amoco an raises crude prices amoco corp said it raised the contract price it will pay for most grades of crude oil by cts a barrel effective today the company said the increase brings its posting for west texas intermediate to dlrs a barrel west texas sour at degrees api was raised to dlrs the light louisiana sweet grade was also increased cts to dlrs a barrel amoco said wyoming southwest sweet colorado western and two utah grades of oil black wax and yellow wax were unchanged the company last changed its crude oil postings on september reuter" }, { "label": 2, "text": "minnetonka corp minl o rd qtr net periods end sept shr cts vs cts net vs sales mln vs mln weeks shr cts vs cts net vs sales mln vs mln reuter" }, { "label": 2, "text": "electronic tele communications rd qtr loss shr class a loss three cts vs profit cts shr class b loss seven cts vs profit eight cts net loss vs profit sales vs nine mths shr class a profit five cts vs profit cts shr class b loss three cts vs profit cts net profit vs profit sales vs note full name is electronic tele communications inc etcia o reuter" }, { "label": 2, "text": "schering plough corp sdg rd qtr net shr cts vs cts net mln vs mln sales mln vs mln nine mths shr dlrs vs dlrs net mln vs mln sales billion vs billion avg shrs mln vs mln reuter" }, { "label": 6, "text": "saudi role in gulf praised by u s officials saudi arabian crown prince abdullah bin abdul aziz was thanked by the reagan administration for his country s close and closed mouthed cooperation with washington in the gulf a senior u s official said the saudis are being very cooperative it would be nice if the saudis would go more public but it s their real estate said the official who asked not to be named he declined to describe what sort of help the saudis were providing saying that saudi officials are reluctant to acknowledge their role in the gulf where the united states has stationed forces to protect shipping lanes the prince met vice president george bush on monday after u s naval forces attacked offshore iranian oil platforms in what washington said was retaliation for an iranian attack on a ship moored off kuwait and flying the u s flag asked at the start of the meeting how he felt about the attack the prince who is here on an official visit replied i believe what the united states has done is their responsibility as a superpower the senior u s official said his remark was an endorsement of the u s attack reuter" }, { "label": 1, "text": "texaco tx unit raises crude oil prices texaco inc said it raised the contract price it will pay for most grades of crude oil by cts a barrel effective october the company said the increase brings its posting for the u s benchmark grade west texas intermediate to dlrs a barrel the west texas sour and light louisiana sweet grades were also raised cts to and dlrs a barrel respectively texaco last changed its crude oil postings on september reuter" }, { "label": 0, "text": "chase acquires mln dlr revolving credit the chase manhattan bank a unit of the chase manhattan corp cmb said it acquired a portfolio of about consumer revolving credit accounts from atlantic financial federal atlf o valued at mln dlrs the company said the acquisition makes chase the second largest issuer of credit card and other unsecured consumer credit loans outstandings now exceed billion dlrs the company said the company said the portfolio accessed by checks is similar to chase s advantage credit product reuter" }, { "label": 2, "text": "republic american corp rawc o rd qtr net shr cts vs cts net vs net premiums mln vs mln avg shrs vs nine mths shr dlrs vs dlrs net mln vs mln net premiums mln vs mln avg shrs vs reuter" }, { "label": 0, "text": "reser s fine foods inc to go private reser s fine foods inc said certain directors and officers who currently represent about pct of the company s stock plan to take reser s private through a cash buyout the company said the group plans to offer dlrs per share for the pct of its stock currently outstanding reuter" }, { "label": 2, "text": "laclede steel co lcld o rd qtr net shr cts vs cts net vs sales mln vs mln nine mths shr dlrs vs cts net vs sales mln vs mln reuter" }, { "label": 2, "text": "redlake corp nd qtr sept net shr profit five cts vs loss nine cts net profit vs loss revs vs six mths shr profit cts vs loss five cts net profit vs loss revs vs reuter" }, { "label": 0, "text": "bank of new york reaffirms terms for irving v the bank of new york corp bk said it reaffirmed the terms of its offer for irving bank corp despite the drop in the bank of new york s share price to a bank of new york spokesman said the offer still stands we have not changed our offer a bank of new york spokesman said irving would not comment on how the drop in the market affects its position on the bid or whether it would buy back any of its own shares earlier this month irving rejected the bid as inadequate and said it wanted to retain its independence in late september bank of new york offered dlrs per share in cash for pct of irving for the remaining pct it offered an exchange of shares of its shares for one irving share at that time the stock purchase portion was worth close to dlrs per share but now that portion is worth dlrs per share for a net price of dlrs one analyst said according to the prospectus offer shareholders may tender for all cash or all shares on a first come first serve basis analysts were mixed about how the stock price drop would affect the acquisition if it gets to the irving shareholders they would approve it but irving hopes the offer won t go to the shareholders said mark alpert banking analyst with bear stearns cos inc and the market is saying the deal won t go through alpert said the transaction looks highly unlikely to be completed at present if irving wouldn t go with the offer at dlrs a share then they won t go at a lower price another analyst said the analyst also doubted that bank of new york could afford to retain its original offer however industry sources were more uncertain about prospects for the deal with irving s price so low bank of new york s offer will look good to irving shareholders said michael flores a consultant at bank earnings international a consulting firm the drop of irving s share to dlrs per share which is about a dlr drop from the beginning of last week increases the chance that bank of new york will succeed flores said analysts said that the drop in bank stock prices is likely to depress the level of mergers and acquisition in the banking industry bank takeovers are less likely because banks can t use their own stock to make acquisitions because their share price is too depressed alpert said since only banks can buy another bank the only other possible acquirors would be a foreign bank alpert said in the market drop the stock of acquirors got clobbered more than the acquirees another analyst said reuter" }, { "label": 2, "text": "kollmorgen corp kol rd qtr net shr profit cts vs loss cts net profit vs loss revs mln vs mln nine mths shr loss eight cts vs loss cts net loss vs loss revs mln vs mln note qtr and nine mths includes gain dlrs or three cts per share from utilization of tax loss carryforward reuter" }, { "label": 2, "text": "farm fresh inc ffsh o rd qtr net shr one cts vs cts net vs revs mln vs mln nine mths shr cts vs cts net vs revs mln vs mln reuter" }, { "label": 2, "text": "first republicbank frb n corp rd qtr loss shr diluted loss cts net loss nine mths shr diluted loss dlrs net loss note no comparisons because company was formed in june through merger of republicbank corp and interfirst corp nine mths includes previously reported provision of mln dlrs in second quarter for possible losses on ldc loans reuter" }, { "label": 0, "text": "dart group said it will not solicit proxies or attempt to acquire dayton hudson" }, { "label": 0, "text": "dart said it sold mln dayton hudson shares expects to sell rest of holding" }, { "label": 7, "text": "brazil s sept trade surplus highest of the year brazil s september trade surplus was the best so far this year totalling billion dlrs compared with billion dlrs in august and mln dlrs in september last year banco do brasil s foreign trade department cacex director namir salek said in a news conference september exports were billion dlrs slightly down from billion dlrs in august imports in september amounted to billion dlrs against billion dlrs in august salek said the accumulated surplus in the jan sept period was billion dlrs compared with billion dlrs in a similar period coffee accounted with mln dlrs of exports up from mln dlrs in august and mln in september salek said the cacex director said he expected the country s trade surplus to average mln dlrs in the remaining three months of the year estimating the year s overall surplus to reach billion dlrs from billion dlrs worth of exports and billion dlrs of imports he attributed the good surplus on exports of manufactured and semimanufactured goods he mentioned car exports which accounted alone with sales of mln dlrs in the jan sept period against mln dlrs in a similar period reuter" }, { "label": 4, "text": "reagan says there is room for further declines in interest rates" }, { "label": 0, "text": "group lifts airlease fly stake to pct a group of firms led by ps group inc psg said it increased its stake in airlease ltd depositary units representing limited partners interest to units or pct of the total outstanding from a previous figure of approximately units or pct in a filing with the securities and exchange commission the group said it bought airlease units between july andf october at dlrs to dlrs a share no reason was given for the recent purchases reuter" }, { "label": 2, "text": "continental information systems corp cny nd shr cts vs cts net vs revs mln vs mln six mths shr cts vs cts net vs revs mln vs mln note nd qtr end august per share amounts adjusted for pct stock dividend paid june two reuter" }, { "label": 2, "text": "tenera ltd tlpzz o rd qtr net shr cts vs cts net vs revs vs nine mths shr cts vs cts net vs revs million vs million reuter" }, { "label": 4, "text": "reagan sees room for interest rate declines president reagan said he was pleased with the actions of some banks to reduce their prime lending rates today and said he sees room for a further decline in interest rates i believe there is room in the market for a further decline in interest rates reagan said in a statement as he left the white house to visit his wife nancy at bethesda naval hospital reagan s statement followed a meeting with his top economic advisers reagan said he remains concerned about the market but that actions taken by the federal reserve have helped interest rates are down across the spectrum reagan said specifically i am pleased that the bond market is strong and that foreign exchange markets are stable reagan said reuter" }, { "label": 2, "text": "atlantic american corp aame o rd qtr net shr profit seven cts vs loss cts net profit vs loss revs mln vs mln nine mths shr profit cts vs profit cts net profit vs profit revs mln vs mln note qtr and nine mths includes gain dlrs or cts per share and dlrs or cts per share respectively from realized gains on investments qtr and nine mths includes gain dlrs or one cent per share and dlrs or three cts per share respectively from realized gains on investments qtr and nine mths includes charge or cts per share from strengthening reserve for casualty claims reuter" }, { "label": 2, "text": "trinity industries inc trn nd qtr sept shr six cts vs cts net vs revs mln vs mln avg shrs mln mln six mths shr cts vs cts net vs revs mln vs mln avg shrs mln vs mln reuter" }, { "label": 2, "text": "dart group drops dayton hudson dh takeover bid dart group corp darta o affiliate madison partners said that given current market conditions it has dropped its takeover bid for dayton hudson corp the company said it sold mln of its mln shares of dayton hudson stock it said it intends to sell the rest of its dayton hudson shares at current market levels it would suffer a mln dlr aftertax loss on its holding a spokesman said dart said it will not solicit authorization to call a meeting of dayton hudson shareholders dart had offered to buy dayton hudson for dlrs per share valuing the minneapolis based retailer at billion dlrs that offer was rejected by the company following the selloff in takeover stocks last week and the market s decline this week dayton hudson stock closed at today off dart s holdings amounted to just under five pct of dayton hudson a dart spokesman said the mln shares were sold in the market today reuter" }, { "label": 0, "text": "metropolitan mony o to make offer for metex metropolitan consolidated industries inc said it will make a tender offer for all or any of the outstanding shares of common stock of metex corp mtx not currently held by or under option to metropolitan for dlrs per share the company said the offer will be subject ot securing satisfactory financing metropolitan currently owns about pct of metex common and holds options to purchase about an additional pct of metex common stock metropolitan said the offer will be made no later than october reuter" }, { "label": 2, "text": "bii enterprises bii to nine mths aug net shr cts vs cts net mln vs mln sales mln vs mln note bii enterprises inc reuter" }, { "label": 1, "text": "artillery shells said to fall on kuwait border artillery shells from an exchange of fire between iran and iraq fell on kuwait s northern border on tuesday but caused no casualties the kuwait news agency kuna said quoting a defense ministry official there were rumors in world oil markets on tuesday that iran had fired shells at an oil camp in northern kuwait in retaliation for u s attacks on iranian oil platforms in the gulf on monday several shells fell in a random manner on the northern border of the country the official told kuna it seems these shells arose from an exchange of fire between iran and iraq no one was wounded and there were no losses diplomats said shells from the nearby iran iraq warfront had in the past fallen in the northern kuwaiti desert a senior kuwait petroleum corporation official had earlier told reuters he was unaware of any attack against kuwaiti oil installations reuter" }, { "label": 2, "text": "zero corp zro nd quarter net shr cts vs cts net vs revs mln vs mln six mths shr cts vs cts net vs revs mln vs mln avg shrs mln vs mln reuter" }, { "label": 2, "text": "sealed air corp see rd qtr net shr cts vs cts net vs revs mln vs mln nine mths shr dlrs vs dlrs net mln vs mln revs mln vs mln reuter" }, { "label": 7, "text": "u s may end additional sanctions against japan the united states may lift an additional mln dlrs in trade sanctions against japan later this month reagan administration officials said president reagan imposed mln dlrs in sanctions on japanese goods last april for its failure to honor a agreement to end dumping semiconductors in the u s and third country markets and to open its home market to u s goods the move raised tariffs to pct from about five pct on japanese color television sets hand held power tools and portable computers reagan lifted mln dlrs of the sanctions last june after japan ended selling the semiconductors on the u s market at below production costs semiconductors are the small silicon chips used for memory and recall purposes in a wide variety of computers the administration officials said commerce department monitors showed that japan was ending its dumping of the semiconductors in third countries where they had been taking sales away from american made semiconductors they said it was likely the mln dlrs in sanctions would be lifted by the end of the month the united states and japan remain at odds over opening the closed japanese markets to u s goods u s and japanese officials reviewed japan s compliance with the agreement earlier this week the periodic reviews are to continue and the remaining sanctions to stay in force the officials said until japan is in full compliance with the semiconductor agreement reuter" }, { "label": 2, "text": "california first bank cfbk o rd qtr net shr cts vs cts net vs avg shrs vs nine mths shr dlrs vs dlrs net vs avg shrs vs assets billion vs billion deposits billion vs billion loans and leases billion vs billion reuter" }, { "label": 0, "text": "trace products trce o merger agreement suspended trace products inc said its stock swap merger agreement with privately held central point software has been suspended indefinitely because of uncertainty in the stock market trace products which manufactures diskette and tape duplication equipment for software publishers had earlier agreed to acquire portland ore based central point for mln shares of its common stock reuter" }, { "label": 2, "text": "rpc energy services inc res st qtr sept shr profit one cent vs loss cts net profit vs loss revs mln vs reuter" }, { "label": 2, "text": "brenton banks brbk o rd qtr oper net oper shr cts vs dlrs oper net vs nine mths oper shr dlrs vs dlrs oper net vs note results exclude extraordinary gain from net loss carryforward of dlrs or cts in rd qtr dlrs cts in rd qtr and dlrs or cts in nine months results include mln dlr gain from termination of defined benefit pension plan reuter" }, { "label": 5, "text": "reagan says u s committed to louvre accord president reagan said the united states remains committed to the louvre accord in which the seven major industrial nations agreed to stabilize currency exchange rates the united states remains committed to the louvre agreement reagan said in a statement following a meeting with his top economic advisers reagan said the united states japan and west germany had all reaffirmed their commitment to coordinate economic policies reagan said japanese prime minister designate noboru takeshita said in a telephone conversation tuesday morning that his takeshita s top priority was to maintain stable economic relations with the united states reagan noted that treasury secretary james baker met with west german financial officials and reaffirmed their commitment to the louvre agreement they reaffirmed our agreement to coordinate economic policies to provide for non inflationary growth and stable exchange rates reagan said reuter" }, { "label": 0, "text": "group lifts stake in suave shoe swv to pct a shareholder group including entregrowth interational ltd of auckland new zealand said it lifted its stake in suave shoe corp common stock to shares or pct of the total outstanding from a previous figure of approximately shares or pct in a filing with the securities and exchange commission the group said it bought suave shoe common shares in open market transactions between october and at dlrs to dlrs a share no reason was given for the purchases reuter" }, { "label": 2, "text": "budget rent a car corp bdgt o rd qtr net shr cts vs cts net vs revs mln vs mln nine mths shr dlrs vs cts net mln vs revs mln vs mlln note resutls restated on pro forma basis to reflect comparable treatment of budget s leveraged buyout on september and initial common stock offering on may reuter" }, { "label": 2, "text": "uspci inc upc rd qtr net shr cts vs cts net vs revs mln vs mln nine mths shr cts vs cts net vs revs mln vs mln reuter" }, { "label": 2, "text": "somerset bancorp inc somb o rd qtr net net vs nine mths shr dlrs vs dlrs net vs assets mln vs mln note per shr data in qtr not disclosed reuter" }, { "label": 2, "text": "cpt corp cptc o st qtr sept loss shr loss cts vs loss cts net loss vs loss revs mln vs mln reuter" }, { "label": 2, "text": "the chariot group inc cgr rd qtr net shr cts vs two cts net vs revs mln vs avg shrs vs nine mths shr cts vs cts net vs revs mln vs mln note all per shr data adjusted to reflect pct stock dividend distributed in nd qtr reuter" }, { "label": 2, "text": "comshare inc csre o st qtr sept loss shr loss cts vs profit cts shr net loss vs profit revs mln vs mln reuter" }, { "label": 2, "text": "marine corp mcrp o rd qtr net shr dlrs vs dlrs net mln vs nine mths shr dlrs vs dlrs net mln vs mln assets billion vs billion deposits billion vs billion loans billion vs billion reuter" }, { "label": 0, "text": "southland slc targeted in sec investigation southland corp said it was told the securities and exchange commission ordered a private investigation into southland stock trading and statements made by the company this year southland has been advised that the commission has issued a private order of investigation concerning the trading of southland stock during various times in and the issuance of various public statements by southland southland said in a proxy statement to shareholders southland did not elaborate on the sec order of investigation and company officials could not be reached for comment late tuesday the sec has a long standing policy against confirming or denying the existence of investigations the proxy statement filed with the securities and exchange commission is required for a november shareholders meeting called to approve the previously announced acquisition of southland by a company controlled by southland chairman john thompson and members of his family earlier this year a group led by thompson acquired majority ownership of southland through a dlrs a share tender offer for mln shares of southland common stock if the merger is approved common stock still outstanding will be converted into the right to receive dlrs a share in cash plus a fraction of a share of preferred stock reuter" }, { "label": 2, "text": "continental information systems cny nd qtr qtr ends aug shr cts vs cts net vs revs mln vs mln six mths shr cts vs cts net vs revs mln vs mln note full name of company is continental information systems corp reuter" }, { "label": 2, "text": "family dollar stores inc fdo th qtr aug shr cts vs cts net vs revs mln vs mln year shr cts vs dlrs net mln vs mln revs mln vs mln reuter" }, { "label": 2, "text": "alfa corp alfa o rd qtr net shr cts vs cts net vs revs mln vs mln nine mths shr cts vs cts net mln vs revs mln vs mln note per shr amounts are after giving retroactive effect for a for split effected as a pct stock dividend which was paid june net includes net realized investment gains of vs in nine mths vs and vs in qtr vs net includes net investment income of mln vs mln in nine mths vs and vs in qtr vs reuter" }, { "label": 2, "text": "invitron corp invn o st qtr sept net shr eight cts vs cts net vs revs vs note invitron went public on october seven reuter" }, { "label": 2, "text": "squibb corp sqb rd qtr net shr dlrs vs cts net mln vs mln revs mln vs mln nine mths shr dlrs vs dlrs net mln vs mln revs billion vs billion note per shr amounts reflect the for split to shareholders of record on june for qtr and nine mths exchange rate fluctuations had a favorable sales impact of mln dlrs and mln dlrs respectively net in nine mths includes income from discontinuing operations of mln or nine cts per shr and income of mln dlrs or four cts per shr in qtr reuter" }, { "label": 0, "text": "edelman group committed to telex tc bid tlx partners a group led by asher edelman does not see any problems with its dlr per share bid for telex corp a shearson lehman official advising the group said several other takeover proposals have crumbled following declines in financial markets leading to speculation that edelman might also drop his offer telex fell to earlier today carl icahn dropped his bid to take trans world airlines inc twa private and dart group corp darta o said it abandoned plans to acquire dayton hudson corp dh both cited market conditions nothing fundamental has changed with the company the stock price has changed but the company hasn t changed so there s no reason for us to change said daniel good head of shearson lehman merchant banking things are proceeding as planned and we fully expect that at the time we have to pay for the shares the financing will be in place good said shearson has agreed to provide bridge financing of up to mln dlrs for the edelman group reuter" }, { "label": 2, "text": "cp national corp cpn rd qtr net shr cts vs cts net vs revs mln vs mln nine mths shr dlrs vs dlrs net mln vs mln revs mln vs mln reuter" }, { "label": 2, "text": "great american first savings gta rd qtr net shr primary cts vs dlrs shr diluted cts vs cts net mln vs mln nine mths shr primary dlrs vs dlrs shr diluted dlrs vs dlrs net mln vs mln assets billion vs billion deposits billion vs billion loans billion vs billion reuter" }, { "label": 7, "text": "canada seeks five year farm reform plan canada will propose at the new round of international trade talks that most trade distorting farm subsidies be phased out over a five year period trade minister pat carney said agricultural subsidies and trade barriers have created a vicious circle which continues to cause problems of overproduction and low commodity prices carney told the house of commons carney was outlining the government s new position on the farm trade problem that was tabled on tuesday in geneva in the multilateral talks under the gatt general agreement on tariffs and trade while few details were released carney said the government would also be pressing for an improvement in market access and new measures to ensure countries do not erect artificial barriers under the canadian proposal all countries would have to ensure that domestic policies and programs to address the specific needs of their farm sectors do not distort trade a government background paper said furthermore in assessing the trade impact of programs credit could be given to countries which effectively control the output of farm products the papers said reuter" }, { "label": 2, "text": "smithkline beckman corp skb rd qtr net shr dlrs vs cts net mln vs mln revs billion vs mln nine mths shr dlrs vs dlrs net mln vs mln revs billion vs billion avg shrs mln vs mln note results include mln dlr reduction of operating income for the relaunch of contac reuter" }, { "label": 0, "text": "first commercial fcob o to acquire citizens bank first commercial bancorp said it will acquire the three branch citizens bank of roseville in a stock swap the value of the agreement will be based on citizens adjusted book value at year end and the trading price of first commercial s stock citizens book value was about mln dlrs at the end of the third quarter according to the bank s counsel guy gibson under the agreement citizens shareholders could also trade their stock for a five year debenture issued by first commercial terms of the debenture have not been established reuter" }, { "label": 0, "text": "united artists uaci o suspends merger talks united artists communications inc and united cable television corp said they have indefinitely suspended negotiations on a proposed merger of their companies previously announced the companies cited a combination of extraordinary market conditions and unresolved terms of the merger as contributing to the action reuter" }, { "label": 2, "text": "the dexter corp dex rd qtr net shr cts vs cts net mln vs revs mln vs mln nine months shr dlrs vs dlrs net mln vs mln revs mln vs mln reuter" }, { "label": 2, "text": "washington mutual savings bank wamu o rd qtr net shr cts vs cts net vs nine mths shr dlrs vs dlr net mln vs mln avg shrs mln vs mln assets billion vs billion deposits billion vs billion loans billion vs billion reuter" }, { "label": 2, "text": "trinity industries inc trn nd qtr net sept end shr six cts vs cts net vs revs mln vs mln avg shrs vs six months shr cts vs cts net vs revs mln vs mln avg shrs vs reuter" }, { "label": 0, "text": "southmark sm to purchase national self national self storage said has sold nine storage facilities to southmark corp for mln dlrs national self a developer of storage space for business records said the purchase includes nine storage facilties national self also said it and southmark plan a two year facility expansion program in south florida and across the country reuter" }, { "label": 5, "text": "miyazawa says g still strongly supports louvre accord" }, { "label": 7, "text": "us says canadian israeli pacts should spur trade trade representative clayton yeutter said on monday that the u s free trade agreements with canada and israel should help to pave the way for liberalizing the global trading system he said the canadian and israeli pacts will not set back worldwide reform efforts under the general agreement on tariffs and trade gatt as some critics feared but help them the gatt talks began a year ago in punta del este uruguay to liberalize the global trading system and to include in it trade in agriculture and services such as banking yeutter made his remarks at a u s israeli trade meeting marking the second year of their bilateral accord the canadian u s pact signed by two sides two weeks ago has yet been approved by the u s congress and canadian parliament the two free trade agreements fta would gradually remove tariffs and other barriers to cross border trade in goods and many services yeutter said in the aftermath of the canadian and israeli pacts other countries have realized that if they want to continue to have access to the world s largest market they had better get serious about improving the gatt the pact with israel he said is gradually increasing shipments both ways and the canadian pact will substantially increase the gross national products in both countries yeutter also said the canadian and israeli pacts should serve as important precedents for progress in gatt yeutter said increasing trade is one of the keys to enhanced political and economic stability around the globe he said a stronger gatt will enhance prosperity not only for advanced industrial nations but also for other countries that need to increase trade in order to better their standards of living yeutter added it was important not to risk the progress made in the israeli and canadian trade pacts by resorting to protectionism he was referring to trade legislation pending in congress that would force the united states to take retaliatory actions against nations with large trade surpluses with the united states if the countries practiced unfair trade the legislation was prompted by a growing u s trade deficit that hit billion dlrs last year and is still rising yeutter said the pressures for congress to act were hard to resist but the pending legislation would undermine president reagan s efforts to liberalize the world trade yeutter renewed the threat of a white house veto he said president reagan will veto any bill that contains serious flaws and i believe that veto would be sustained reuter" }, { "label": 1, "text": "ex arco arc chief sees energy crisis by dwindling global crude oil reserves and the lack of any major new discoveries in recent years will send the world into an energy crisis by the former atlantic richfield co chairman robert o anderson said it s going to come sooner than anyone thinks anderson told reporters after addressing a houston business lunch i believe we re going to see a change in the world oil markets in two to three years because oil is becoming harder to find anderson who retired from arco last year to form hondo oil and gas co said world oil consumption is approaching mln barrels a day but a current excess capacity cushion of about mln barrels a day will rapidly disappear if you looked around the world you could not scrape up one mln barrels a day in shut in production outside the middle east he said we re soon going to be right back where we were in and anderson predicted that world oil prices would end at about dlrs a barrel and continue a gradual climb there s no way prices can stay flat because there isn t enough supply he said there have been no major oil discoveries for the past to years alaska s prudhoe bay oil reserves the last major world discovery has already produced about five billion barrels of oil or more than half of its estimated reserves he said reuter" }, { "label": 1, "text": "venezuela backs increase in ecuador opec quota venezuela will back ecuador s bid to raise its opec quota above barrels per day bpd because it is a justifiable demand venezuelan energy minister arturo hernandez grisanti said on monday he told reporters the country deserved a higher quota in compensation for the five months it was forced to suspend oil production when its main pipeline was destroyed by an earthquake last march for this five month period ecuador did not exercise its right to produce bpd he said we should recognize ecuador s right to increase its quota there is a basis of justice in that country s petition he added however the quota increase should be gradual to avoid harming the market he added hernandez grisanti said he understood ecuador would formally submit the request for a higher quota at the next ministerial conference of the organization of petroleum exporting countries opec opening december in vienna reuter" }, { "label": 2, "text": "capitol bancorp capb o rd qtr net shr profit dlrs vs loss dlrs net profit vs loss nine mths net profit vs profit note latest and prior nine month per share amounts not given reuter" }, { "label": 2, "text": "potash co of america inc nine mths loss shr loss dlrs vs nil net loss mln vs profit sales mln vs mln note per share is after payment of preferred dividends reuter" }, { "label": 2, "text": "jepson corp jeps o rd qtr net shr cts vs cts net vs sales mln vs mln avg shrs mln vs mln nine mths shr cts vs cts net mln vs mln sales mln vs mln avg shrs mln vs mln note rd qtr per share reflects issuance of two mln shares in initial public offering nine mth results include extraordinary gain of dlrs or cts reuter" }, { "label": 0, "text": "fifth third fitb o to merge with c and h fifth third bancorp and c and h bancorp said they reached a preliminary agreement to merge c and h bancorp has assets of mln dlrs and is the parent company of citizens heritage bank n a the companies said the agreement calls for each of the about one mln shares of c and h bancorp to be exchanged for one share of fifth third bancorp based on its financial expectations fifth third said the dilution in per share earnings for the merger will be negligible reuter" }, { "label": 2, "text": "banking center tbcx o rd qtr net shr cts vs na net vs nine mths shr cts vs na net mln vs note year ago per share amounts not available as bank converted to stock ownership august amounts include operations of burgdoff realtors acquired during december and other operations reuter" }, { "label": 5, "text": "lawson welcomes reaffirmation of louvre accord u k chancellor of the exchequer nigel lawson welcomed on monday the reaffirmation by the u s and west germany of the louvre accord aimed at stabilising currencies his office said lawson had welcomed the outcome of a meeting between u s treasury secretary james baker bundesbank president karl otto poehl and west german finance minister gerhard stoltenberg in frankfurt after the meeting a bonn finance ministry spokesman quoted stoltenberg as saying he was confident that foreign currencies could be stabilised at around current levels the meeting came after baker criticised west germany for increasing key interest rates saying they were not in line with last february s louvre accord reuter" }, { "label": 2, "text": "sun state savings sssl o rd qtr net shr cts vs cts net vs avg shrs vs nine mths shr cts vs dlrs net vs avg shrs vs loans mln vs mln deposits mln vs mln assets mln vs mln note full name sun state savings and loan association reuter" }, { "label": 2, "text": "california water service co cwtr o rd qtr shr dlrs vs dlrs net vs revs mln vs mln nine mths shr dlrs vs dlrs net vs revs mln vs mln note curent nine mth figures include mln dlr or cts per share gain resulting from change in accounting method for unbilled revenues reuter" }, { "label": 0, "text": "great atlantic gap withdraws dechamps bid the great atlantic and pacific tea co inc said it withdrew its offer to acquire delchamps inc dlch o for dlrs a share or about mln dlrs which was made earlier this month michael rourke a and p vice president said the company withdrew the offer because delchamps did not respond favorably to it and because of market conditions he would not comment on whether a and p would make another offer to acquire delchamps reuter" }, { "label": 2, "text": "american fructose corp afc rd qtr net shr cts vs cts net vs revs mln vs mln nine mths shr cts vs cts net vs mln revs mln vs mln note qtr and nine mths includes loss dlrs and dlrs or four cts per share from repurchase and retirment of debt reuter" }, { "label": 0, "text": "great atlantic and pacific tea co said it withdrew its offer to buy delchamps inc" }, { "label": 6, "text": "italy worried at rising tension after gulf attack italian prime minister giovanni goria told the cabinet on monday he was worried about the increased tension in the gulf but said america s retaliation against iran had been limited a statement issued after a cabinet meeting said goria had been informed by the united states that it would take action against an iranian target in the gulf but had not known beforehand that the action would involve an attack on an oil platform the prime minister expressed his concern over the possible consequences of increased tension in the gulf at the same time recognizing the limited character of the american military reaction to the attacks it has suffered in the past few days the statement said goria said italy s own ships were far from the platform at the time of the attack and the fleet had been advised to follow events with caution italy has sent eight ships including three frigates and three minesweepers to the gulf to protect italian merchant shipping there reuter" }, { "label": 2, "text": "a h belo corp blc rd qtr net shr cts vs cts net vs revs mln vs mln avg shrs mln vs mln nine mths shr dlrs vs dlrs net mln vs mln revs mln vs mln avg shrs mln vs mln reuter" }, { "label": 0, "text": "media general mega family wont sell shares media general inc s chairman d tennant bryant said his family would not sell its controlling share block so it would be impossible for an investor group led by giant group ltd to gain control of the company the investor group which includes barris industries brrs o recently reported that it acquired a pct stake of media general s class a shares and might seek control bryant said the company s class a stock elects only pct of the board with the remaining pct being elected by class b shares two thirds of which are controlled by the bryant family trust which has no intention of selling its shares reuter" }, { "label": 5, "text": "bonn confident of maintaining currency stability u s treasury secretary james baker met west german finance minister gerhard stoltenberg and bundesbank president karl otto poehl in frankfurt on monday a bonn finance ministry spokesman said after the meeting the spokesman quoted stoltenberg as saying he was confident that foreign currencies could be stabilised at around current levels the meeting came after baker criticised west germany for increasing short term money market interest rates he had said the rise was not in line with the spirit of the louvre accord aimed at stabilizing the u s dollar last february the meeting had been arranged last week the spokesman said baker stoltenberg and poehl had agreed to pursue the policies agreed under the louvre pact with reference to currency stability and monetary policy earlier on monday the bundesbnak injected liquidity into the west german money market in a move which money market dealers interpreted as an attempt by the west german monetary authority to curb interest rate rises the spokesman described monday s talks which he called private as very positive reuter" }, { "label": 1, "text": "iran foreign minister tells cuba of gulf situation iranian foreign minister ali akbar velayati here on a two day official visit informed cuban foreign ministry officials on monday on the tense situation in the gulf diplomatic sources said they said the envoy s trip to be followed from tuesday by a visit to nicaragua could be linked to a possible mediation of the non aligned movement in the seven year old iran iraq war but they ruled out any prominent cuban role in it velayati could not be reached for comment on the u s attack on an abandoned iranian oil rig on monday which tehran vowed to avenge reuter" }, { "label": 2, "text": "cleveland cliffs inc clf rd qtr net shr loss nine cts vs loss dlrs net profit vs loss mln revs mln vs mln nine mths shr loss dlrs vs loss cts net loss mln vs loss mln revs mln vs mln note qtr includes loss mln dlrs non recurring after tax charges due almost entirely to the company s recent buyout of its tilden mine debt obligations nine mths includes loss mln dlrs pre tax charge to reduce the carrying value of the company s land drilling rigs nine mths includes pre tax gain mln dlrs on sale of uranium reserves nine mths includes pre tax gain mln dlrs on sale of iron ore interest in western australia reuter" }, { "label": 2, "text": "cade industries inc cade o rd qtr net shr three cts vs two cts net vs sales mln vs mln nine mths shr six cts vs cts net vs sales mln vs mln order backlog mln vs mln note figures include a gain of mln dlr or cts a share from life insurance proceeds reuter" }, { "label": 2, "text": "abitibi price inc aib to rd qtr oper net oper shr cts vs cts oper net mln vs mln revs mln vs mln nine mths oper shr dlrs vs dlrs oper net mln vs mln revs billion vs billion note prior nine mths and qtr excludes loss of mln dlrs due to discontinued operations reuter" }, { "label": 0, "text": "partnership increases gull gll holdings gary associates lp which said previously it may seek control of gull inc said it increased its stake in gull common stock to shares or pct of the total outstanding from a previous figure of approximately shares or pct in a filing with the securities and exchange commission gary associates said it made net purchases of gull common shares at dlrs to dlrs a share gary associates made no mention of a possible takeover attempt in its report to the sec reuter" }, { "label": 2, "text": "signet banking corp sbk rd qtr net shr cts vs cts net mln vs mln avg shrs mln vs mln nine mths shr cts vs dlrs net vs mln avg shrs mln vs mln assets billion vs billion deposits billion vs billion loans billion vs billion reuter" }, { "label": 1, "text": "unocal ucl raises crude oil posted prices unocal corp said it raised its posted prices for most u s grades of crude oil by cts a barrel effective october the move brings the price the company will pay for the u s benchmark grade west texas intermediate and west texas sour to dlrs a barrel the price was last changed september unocal said reuter" }, { "label": 2, "text": "american management systems amsy o rd qtr net shr cts vs cts net vs revs mln vs mln nine mths shr cts vs cts net vs revs mln vs mln note full name is american management systems inc reuter" }, { "label": 0, "text": "media general says giant group affiliates have pct of class a common stock" }, { "label": 5, "text": "delors calls for g meeting european community commission president jacques delors called for a swift convening of a meeting of the g countries following the instability in today s trading on world money and stock markets he told a press conference here g should meet discreetly and quickly delors said if the dollar were to fall further against the mark to levels around the european monetary system would undergo a test by fire delors said the current problems in the markets had been caused by excessive growth in financial trading excessive deregulation and the failure of the fundamentals of the world economy to adapt themselves quickly enough to changing circumstances he said it was profoundly unjust to blame it on recent increases in west germany reuter" }, { "label": 5, "text": "u s treasury s baker meets west german minister u s treasury secretary james baker met west german finance minister gerhard stoltenberg and bundesbank president karl otto poehl today in west germany and agreed to support the louvre pact the treasury department said the treasury described the meeting as a very positive private meeting in frankfurt west germany which had been agreed upon last week the parties agreed to continue economic cooperation under the louvre agreement and its flexible application including cooperation on exchange rate stability and monetary policies the treasury said the treasury said baker and stoltenberg are consulting with their g colleagues and are confident that this will enable them to foster exchange rate stability around current levels the louvre pact is an agreement between the group of seven leading industrial countries including the united states and west germany to promote currency stability baker was scheduled to visit scandinavia and belgium this week and the department earlier refused to release details of his travel itinerary citing security considerations reuter" }, { "label": 2, "text": "scicom data scie o st qtr sept net shr cts vs cts net vs revs vs note full name is scicom data services ltd reuter" }, { "label": 2, "text": "acc corp rd qtr net shr profit three cts vs profit nine cts net profit vs profit revs vs nine mths shr loss cts vs profit cts net loss vs profit revs mln vs mln reuter" }, { "label": 2, "text": "westport bancorp webat o rd qtr net shr cts vs cts net vs nine mths shr cts vs dlrs net vs note company would not provide assets deposits and loans figures reuter" }, { "label": 2, "text": "gateway federal savings gatw o rd qtr net shr cts vs not given net vs not given nine mths shr dlrs vs not given net vs not given note full name is gateway federal savings and loan association latest qtr includes a tax credit of dlrs or cents a share latest nine mths includes a tax credit of dlrs or dlrs figures not given as company went public on june reuter" }, { "label": 2, "text": "kmw systems corp kmws o st qtr sept shr five cts vs eight cts net vs revs vs note qtr includes gain dlrs or four cts per share from tax gain reuter" }, { "label": 1, "text": "arco arc raises crude oil postings cts atlantic richfield s arco oil and gas co said it increased contract prices for crude oil by cts a barrel effective today arco said the cts increase brings its posted price for west texas intermediate the u s benchmark grade to dlrs a barrel the price of west texas sour was increased to dlrs light louisiana sweet was raised to dlrs the price was last changed on september reuter" }, { "label": 2, "text": "polaroid corp prd rd qtr sept shr cts vs cts net mln vs mln revs mln vs mln nine mths shr dlrs vs dlrs net mln vs mln revs billion vs billion note net adjusted to account for the recent for split of the company s common qtr includes a seven cts per shr gain due to net after tax foreign currency exchange effect reuter" }, { "label": 2, "text": "morrison knudsen corp mrn rd qtr loss oper shr loss dlrs vs profit cts oper net loss mln vs profit mln revs mln vs mln nine mths oper shr loss dlrs vs profit dlrs oper net loss mln vs profit mln revs billion vs billion note qtr and nine mths excludes loss mln dlrs or dlrs per share and loss mln dlrs or dlrs per share respectively from discontinued real estate operations qtr and nine mths include loss dlrs or one cent per share and gain dlrs or three cts per share respectively from discontinued operations reuter" }, { "label": 5, "text": "treasury s baker met west germany s stoltenberg today agreed to support louvre pact" }, { "label": 2, "text": "westport bancorp webat o rd qtr net shr cts vs cts net vs nine mths shr cts vs dlrs net vs note company would not provide assets deposits and loans figures reuter" }, { "label": 1, "text": "arco raises crude oil prices cts barrel today wti to" }, { "label": 0, "text": "pepsico unit pep lifts calny o stake taco bell corp a unit of pepsico inc said it increased its stake in calny inc common stock to shares or pct of the total outstanding from a previous figure of approximately shares or pct in a filing with the securities and exchange commission taco bell said it bought calny common shares on october and at dlrs a share no reason was given for the recent purchases reuter" }, { "label": 0, "text": "macyro group myo m buys companies groupe macyro inc said it agreed to buy two quebec construction wholesalers nap dumont ltd and nap transport cie ltd for mln dlrs macyro said the two companies operate in the construction material electiricty plumbing hardware and locksmithing sectors and had sales of mln dlrs last year reuter" }, { "label": 2, "text": "cts corp cts rd qtr oper net oper shr profit cts vs profit seven cts oper net profit vs profit revs mln vs mln nine mths oper shr profit dlrs vs loss cts oper net profit vs loss revs mln vs mln note period ended september results exclude extraordinary gain from net loss carryforward of dlrs or three cts a shr in the rd qtr and dlrs or cts in the nine mths nine mth results exclude earnings from discontinued operations of dlrs or dlrs reuter" }, { "label": 5, "text": "german finance ministry confident of maintaining currency stability at around current levels spokesman" }, { "label": 2, "text": "amca international ail rd qtr loss shr loss two cts vs loss dlrs net profit vs loss mln revs mln vs mln nine mths shr loss cts vs loss dlrs net loss vs loss mln revs mln vs mln note full name is amca international ltd results in u s dlrs latest qtr earnings include pension refund of mln dlrs representing loss of two cts per shr after payment of preferred dividends reuter" }, { "label": 2, "text": "valley capital corp vccn o rd qtr net shr dlrs vs cts net vs nine months shr dlrs vs dlrs net mln vs mln assets billion vs billion deposits billion vs billion loans mln vs mln reuter" }, { "label": 5, "text": "german finance ministry confident of maintaining currency stability at around current levels spokesman" }, { "label": 1, "text": "u s military leader predicts iranian response william crowe chairman of the u s joint chiefs of staff predicted iran will retaliate for the u s strike against its oil platform though he said iranian options were limited they will be determined they will not be easily deterred and let me stress for you that our commitment there is not going to be risk free or casualty free he said the most likely iranian response would involve terrorism or the laying of mines they obviously will look for ways that are probably more in line with the silent hand than what they have tried thus far crowe told an american stock exchange conference he declined comment on a reporter s query whether he favored a stronger move against iran than that ordered by the president we carried out the operation that was decided upon and we carried it out with enthusiasm and i think it was professionally and well done crowe said reuter" }, { "label": 2, "text": "specialty composites corp spcm o rd qtr net shr cts vs nine cts net vs revs vs nine mths shr cts vs cts net vs revs vs note qtr and nine mths includes tax gain dlrs and dlrs respectively qtr and nine mths includes tax gain dlrs and dlrs respectively reuter" }, { "label": 2, "text": "bulcan corp bul rd qtr net shr five cts vs seven cts net vs revs vs nine mths shr five cts vs dlrs net vs revs mln vs mln reuter" }, { "label": 2, "text": "chemed corp che rd qtr net primary shr cts vs cts diluted shr cts vs cts net vs revs mln vs mln primary avg shrs vs diluted avg shrs vs nine months primary shr dlrs vs dlrs diluted shr dlrs vs dlrs net mln vs mln revs mln vs mln primary avg shrs vs diluted avg shrs vs note third qtr results exclude extraordinary dlr gain from termination of a pension plan nine month results include dlr gain from june sale of national sanitary supply common stock in an initial offering reuter" }, { "label": 2, "text": "waltham corp wlbk o rd qtr net shr cts vs cts net vs nine mths shr cts net vs assets mln vs mln loans mln vs mln deposits mln vs mln note nine mths per share not available because bank did not convert to stock form until may reuter" }, { "label": 2, "text": "national banc of commerce co nbcc o rd qtr shr cts vs cts net vs avg shrs vs nine mths shr dlrs vs dlrs net vs avg shrs vs reuter" }, { "label": 2, "text": "edac technologies corp edac o rd qtr net shr three cts vs two cts net vs sales mln vs mln nine mths shr seven cts vs cts net vs sales mln vs mln order backlog mln vs mln note figures include life insurance proceeds of mln dlr or cts a share reuter" }, { "label": 2, "text": "autotrol corp autr o rd qtr net shr profit cts vs loss cts net profit vs loss sales vs nine mths shr profit cts vs loss dlrs net profit vs loss sales mln vs mln note data restated to reflect operations discontinued in earnings exclude loss from discontinued operations of dlrs or cts a share in the quarter and dlrs or cts a share for the nine months reuter" }, { "label": 2, "text": "stratus computer inc stra o rd qtr net shr cts vs cts net vs rev mln vs mln nine mos shr cts vs cts net vs rev mln vs mln reuter" }, { "label": 0, "text": "gulf and western gw to acquire british company gulf and western inc s publishing unit simon and schuster said it agreed in principle to acquire woodhead faulkner publishers ltd a british based publisher of professional and consumer books for undisclosed terms upon completion of the proposed transaction woodhead faulkner will become part of simon and schuster s international group which in the u k includes simon and schuster trade books and prentice hall academic texts simon and schuster said that woodhead faulkner will continue to publish under that name the company will continue to be under the direction of martin woodhead who will report to henry hirschberg president of simon and schuster s international group woodhead faulkner founded in publishes international banking finance and investment books reuter" }, { "label": 2, "text": "cnb bancshares inc cnbe o rd qtr net shr cts vs cts net vs nine mths shr dlrs vs dlrs net vs reuter" }, { "label": 2, "text": "national sanitary supply co nssx o rd qtr shr cts vs cts net vs revs mln vs mln avg shrs vs nine mths shr cts vs cts net vs revs mln vs mln avg shrs vs reuter" }, { "label": 2, "text": "eastern utilities associates rd qtr net shr cts vs cts net mln vs mln revs mln vs mln avg shrs vs nine mths shr dlrs vs dlrs net mln vs vs mln revs mln vs mln avg shrs vs mths shr dlrs vs dlrs net mln vs mln revs mln vs mln avg shrs vs reuter" }, { "label": 7, "text": "ec u s plan high level trade talks the european community is willing to offer limited concessions to the united states on one of two major issues which threaten to poison their trade relations next year an ec commission spokesman said he said the offer would be made at a meeting later this month between u s trade representative clayton yeutter and ec external relations commissioner willy de clercq ec farm commissioner frans andriessen told agriculture ministers meeting in luxembourg that the ec is willing to make some temporary arrangements to lighten the impact on u s exports of an ec plan to ban the sales of meat from animals fed with growth hormones the spokesman said washington has said it will take trade reprisals if the ec proceeds with the ban from january and if european countries do not quickly cut back what it sees as unfair subsidies to the makers of their airbus airliner which are harming u s manufacturers it claims the hormones ban has no scientific basis and will rob it of mln dlrs worth of exports a year diplomatic sources said the yeutter de clercq meeting will take place in london and will also involve the aerospace ministers of france britain west germany and spain the countries involved in the airbus project reuter" }, { "label": 0, "text": "simon and schuster to acquire woodhead faulkner of the u k for undisclosed terms" }, { "label": 0, "text": "ccr video cccr o gets offer on takeover talks ccr video corp said it received an offer to enter into negotiations for intercep investment corp of vancouver b c to acquire a controlling interest in the company through a tender offer ccr said the negotiations would determine the terms under which the ccr board could support an intercep tender offer additional details were not immediately available reuter" }, { "label": 0, "text": "ccr video sayst received offer to negotiate a takeover by intercep investment corp" }, { "label": 0, "text": "brown disc to buy rhone poulenc rhon pa unit brown disc products co inc a unit fo genevar enterprises inc said it has purchased the ongoing business trademarks and certain assets of rhone poulenc s brown disc manufacturing unit for undisclosed terms rhone poulenc is a french based chemical company under the agreement rhone poulenc will supply magnetic tape and media products to brown disc products reuter" }, { "label": 2, "text": "consolidated freightways inc cnf rd qtr net shr cts vs cts net vs revs mln vs mln nine mths shr dlrs vs dlrs net revs billion reuter" }, { "label": 2, "text": "rochester telephone corp rtc rd qtr net shr cts vs cts net mln vs revs mln vs mln nine mths shr dlrs vs dlrs net mln vs mln revs mln vs mln reuter" }, { "label": 2, "text": "south carolina national corp scnc o rd qtr shr cts vs cts net mln vs mln nine mths shr dlrs vs dlrs net mln vs mln assets billion vs billion loans billion vs billion deposits billion vs billion reuter" }, { "label": 2, "text": "marine corp mcor o rd qtr net shr cts vs cts net vs nine mths shr cts vs cts net vs note earnings per share reflect initial public offering of common shares in march and for stock splits in january and june reuter" }, { "label": 1, "text": "statoil awards veslefrikk oil field contracts norwegian state oil company den norske stats oljeselskap statoil signed contracts worth a total of billion norwegian crowns in connection with the development of the veslefrikk oil field statoil said moss rosenberg verft of stavanger has been awarded a contract to convert the the drilling platform west vision to a floating production platform the work is to be completed in the summer of aker verdal has been awarded a contract for the engineering purchasing and construction of the steel jacket for the wellhead platform also to be completed in statoil said reuter" }, { "label": 0, "text": "u k treasury confirms bp sale to go ahead the british treasury confirmed that the sale of british petroleum co plc will go ahead as planned despite monday s stock market crash which forced bp below the p a share set for the billion stg issue the government are not considering terminating the bp offer the offer has been fully underwritten a treasury spokesman said the issue which remains open until october was fully underwritten last week when the issue price was set bp shares closed down p at p as the ft se share index crashed a record points more than pct reuter" }, { "label": 2, "text": "harman international hiii o st qtr sept shr cts vs cts net vs revs mln vs mln avg shrs vs note full name of company is harman international industries inc reuter" }, { "label": 5, "text": "german banker calls for special monetary meeting finance ministers from major industrial nations should hold a special meeting to deal with the u s dollar s sharp decline helmut geiger president of the west german savings bank association said geiger told reuters finance ministers should meet soon to take confidence building measures to limit the damage caused by the dollar s fall separately geiger told bild newspaper in an interview released ahead of publication on tuesday that the lower dollar which had been artificially talked down by u s officials would damage west german exports and cost jobs reuter" }, { "label": 2, "text": "the banking center tbcx o rd qtr net shr cts net vs nine months shr cts net mln vs assets billion vs billion deposits mln vs mln note company converted to a stock savings bank on aug results include operations of realtech realtors which was acquired in results include operations of burgdorff realtors acquired in december cornerstone mortgage co acquired in july centerbank mortgage co acquired in july and center capital corp formed in august reuter" }, { "label": 0, "text": "calmat czm sues industrial equity calmat co said it filed suit in los angeles superior court against industrial equity pacific ltd against certain of its affiliates and against ronald langley president of industrial equity s north american operations the company said its sut charges that langley missapropriated material non public information acquired in his capacity as a calmat director and used the information for the benefit of industrial equity according to its more recent amendment to its schedule d industrial equity owned about pct of calmat s stock at october calmat said it said industrial has also stated that it intends to pursue a possible business combination in the near future reuter" }, { "label": 7, "text": "reagan calls for vigilance on certain exports president reagan said the commerce department should be vigilant in preventing the flow of strategic technology from reaching the the soviet union and other communist countries he was speaking at the swearing in of c william verity as secretary of the commerce department verity said the u s should make certain that militarily sensitive high technology does not wind up in communist nations but he also said the u s must reduce the list of products of a nontechnological nature thereby allowing manufacturers to increase exports and jobs reuter" }, { "label": 2, "text": "watts industries inc watta o st qtr sept shr cts vs cts net vs sales mln vs mln avg shrs mln vs mln reuter" }, { "label": 2, "text": "moniterm corp mtrm o rd qtr oper net oper shr profit cts vs nil oper net profit vs profit sales vs nine mths oper shr profit cts vs loss four cts oper net profit vs loss sales mln vs note earnings exclude gains from utilization of tax loss carryforwards of dlrs or seven cts a share in the quarter and dlrs or cts a share for the nine months reuter" }, { "label": 2, "text": "erie lackawanna inc erie o rd qtr net shr dlrs vs dlrs net vs total income vs nine mths shr dlrs vs dlrs net vs total income vs reuter" }, { "label": 2, "text": "quantum corp qntm o nd qtr sept net shr cts vs cts net vs sales mln vs mln six mths shr six cts vs cts net vs sales mln vs mln reuter" }, { "label": 2, "text": "termiflex corp tflx o st qtr sept net shr five cts vs seven cts net vs sales vs note backlog three mln dlrs vs as of june reuter" }, { "label": 0, "text": "durakon drkn o to make acquisition durakon industries inc said it has entered into a definitive agreement to acquire dfm corp a maker of bug and gravel protective shields for trucks and cars for an undisclosed amount of cash and debentures retroactive to september one reuter" }, { "label": 0, "text": "atlantis agh may bid for charter crellin crtr o atlantis group inc said it bought shares of charter crellin inc common stock or pct of the total outstanding and may seek control in a negotiated transaction in a filing with the securities and exchange commission atlantis said it has informally discussed a business combination with charter crellin management but the company said it has not held negotiations with charter crellin and does not intend to initiate further discussions pending development of specific proposals atlantis said it will continue to purchase additional charter crellin shares in private or open market transactions depending on a range of factors including the market price of the stock atlantis said it bought its charter crellin common stock in open market transactions between september and october at dlrs to dlrs a share or for a total of about mln dlrs reuter" }, { "label": 0, "text": "allwaste alws o to make acquisition allwaste inc said it has agreed in principle to acquire a privately held firm that performs interior cleaning services for tank trailers for common shares it said the firm which it did not name earned about dlrs pretax for the first nine mons of the company said closing is expected by october reuter" }, { "label": 2, "text": "travelers real estate trat o rd qtr net shr cts vs cts net vs revs vs nine mths shr cts vs cts net vs revs vs note full name is travelers real estate investment trust reuter" }, { "label": 2, "text": "new york times co nyt rd qtr net shr cts vs cts net mln vs mln revs mln vs mln nine months shr dlrs vs dls net mln vs mln revs billion vs billion reuter" }, { "label": 2, "text": "safeguard health sfgd o rd qtr net shr cts vs five cts net vs revs mln vs mln nine mths shr cts vs cts net vs revs mln vs mln note full name safeguard health enterprises inc reuter" }, { "label": 0, "text": "henley heng o ends talks with sante fe henley group inc said it ended talks with sante fe southern pacific corp concerning the possible acquisition of sante fe s southern pacific transportation co subsidiary the company also said it is reviewing its investment in santa fe southern pacific in light of sante fe s announcement that it recieved several bids ranging from mln dlrs to more than one billion dlrs for its southern pafific transportation subsidiary henley said it held discussions with sante fe concerning the acquisition by henley of bankers leasing and financial corp and certain sante fe transportation and real estate assets henley said it began talks with sante fe after it announced its restructuring program in august as previously disclosed henley made necessary filings under the hart scott rodino antitrust improvement acts to permit henley to increase its investment in sante fe to pct of the outstanding common stock from pct henley said that depending on prevailing conditions including price and availability of sante fe stock substantial developments affecting sante fe other investment and business opportunities available to henley henley may additional sante fe shares or sell all or part of its investment in sante fe reuter" }, { "label": 2, "text": "mercury savings and loan msl rd qtr loss shr loss cts vs profit cts net loss vs profit nine mths shr profit cts vs profit dlrs net profit vs profit note full name mercury savings and loan association reuter" }, { "label": 2, "text": "burnham service corp bsco o rd qtr net shr cts vs cts net vs revs mln vs mln nine mths shr dlrs vs cts net vs revs mln vs mln reuter" }, { "label": 0, "text": "texas american bancshares txa to sell unit texas american bancshares inc said it agreed to sell its texas american bank levelland unit to first american bancorp inc for about mln dlrs in cash texas american said regulatory approval ofthe transaction is expected in december and the sale will close shortly thereafter once the sale is completed the unit s name will change to first american bank of texas the unit reported total assets of mln dlrs on juen reuter" }, { "label": 0, "text": "supermarkets general sgl sells drug stores supermarkets general corp said it agreed to sell 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 mln dlrs of supermarkets general s total sales of billion during the six month period ended aug one f and m distributors operates discount drug stores in michigan ohio illinois indiana and wisconsin reuter" }, { "label": 2, "text": "erc international inc erc rd qtr net shr cts vs nine cts net vs revs mln vs mln nine mths shr cts vs cts net vs revs mln vs mln note qtr and nine mths include loss dlrs or cts per share and loss dlrs or cts per share respectively from discontinued operations reuter" }, { "label": 2, "text": "painewebber group inc pwg rd qtr net shr cts vs cts net mln vs mln revs mln vs mln avg shrs vs nine mths shr dlrs vs dlrs net mln vs mln revs billion vs billion avg shrs vs reuter" }, { "label": 1, "text": "venezuela says opec oil output ver mln bpd caracas oct the current opec oil production is above 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 members were mainly responsible for the overproduction but declined to identify them opec s production ceiling for the second half of is mln bpd the venezuelan minister said opec s production reached a peak this year when it went over 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" }, { "label": 0, "text": "atlantis group tells sec it seeks negotiated purchase of charter crellin" }, { "label": 0, "text": "dynascan dyna o completes management buyout dynascan corp said it completed the sale of its industrial electronic products group and expects to recognize about a mln dlr pretax gain on the transaction in the fourth quarter it said the group was sold october for mln dlrs to maxtec international corp a privately held company created by the company s management team it said the purchase price was mln dlrs in cash and mln dlrs in five year notes plus warrants to buy pct of the stock of maxtec dynascan said the group was projected to provide about pct of its consolidated sales in reuter" }, { "label": 0, "text": "henley group reviewing investment in santa fe southern pacific" }, { "label": 0, "text": "henley group said it ended talks on buying southern pacific from santa fe southern" }, { "label": 0, "text": "renta inmobiliaria seeks cannon group can assets 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 billion pesetas in july to acquire a 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" }, { "label": 1, "text": "southland slc unit raises crude oil prices citgo petroleum corp a subsidiary of southland corp said it raised the contract price it will pay for all grades of crude oil by cts a barrel effective oct the increase brings citgo s postings for the west texas intermediate and west texas sour grades to dlrs barrel while light louisiana sweet is now priced at dlrs citgo last changed it crude oil postings on sept reuter" }, { "label": 0, "text": "group sells most of stake in ccx inc ccx a shareholder group including far hills n j attorney natalie koether said it reduced its stake in ccx inc common stock to 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 ccx common shares on october at four dlrs a share the group gave no reason for the sales reuter" }, { "label": 0, "text": "orion oc has pct twin disc tdi stake orion capital corp said it acquired shares of twin disc inc common stock or 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 and october an orion capital subsidiary bought twin disc common shares at dlrs to dlrs a share the entire pct stake was purchased at a cost of mln dlrs orion capital told the sec reuter" }, { "label": 1, "text": "venezuela sees oil stability despite gulf attack 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" }, { "label": 2, "text": "european american bancorp rd qtr net net vs nine mths net mln vs mln note company is owned by a consortium of european banks reuter" }, { "label": 0, "text": "northeast savings nsb adopts rights plan 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 days following the acquisition of pct or more of northeast s common shares shares or days following the commencement of a tender offer for 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 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" }, { "label": 2, "text": "kaufel group ltd kfl to th qtr aug net shr cts vs cts net mln vs mln revs mln vs mln nine mths shr cts vs cts net mln vs mln revs mln vs mln avg shrs mln vs mln reuter" }, { "label": 0, "text": "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 mln dlrs the company said in a separate announcement the company said it expects to record revenues of approximately mln dlrs for for the company had revenues of mln dlrs national guardian s revenues for the first six months of were approximately mln dlrs compared to about mln dlrs the year ago period reuter" }, { "label": 0, "text": "ccr video cccr o in talks on being acquired 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" }, { "label": 2, "text": "first boston inc fbc rd qtr net shr primary dlrs vs cts shr fully diluted dlrs vs cts net mln vs mln revs mln vs mln nine mths shr primary dlrs vs dlrs shr fully diluted dlrs vs dlrs net mln vs mln revs billion vs mln reuter" }, { "label": 0, "text": "willis faber not selling morgan grenfell stake willis faber plc said its 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" }, { "label": 2, "text": "travelers realty income triis o rd qtr net shr cts vs cts net vs revs vs nine mths shr cts vs dlrs net vs revs vs note full name of trust is travelers realty income investors reuter" }, { "label": 2, "text": "society for savings bancorp socs o rd qtr shr cts vs cts net vs nine mths shr dlrs vs dlrs net mln vs mln assets billion vs billion deposits billion vs billion note nine mths includes gain dlrs or nine cts per share from utilization of prior year s net operating loss carryforwards note qtr and nine mths include loss dlrs or one cent per share from unspecified extraordinary item qtr and nine mths includes gain dlrs or cts per share and dlrs or cts per share respectively from utilization of net operating loss carryforwards full name of company is society for savings bancorp inc reuter" }, { "label": 2, "text": "progressive bank inc psbk o rd qtr net shr cts vs cts net vs nine mths shr dlrs vs dlrs net vs reuter" }, { "label": 2, "text": "washington water power wwp rd qtr loss shr loss cts vs profit two cts net loss vs profit revs mln vs mln nine mths shr profit cts vs profit dlrs net profit mln vs profit mln revs mln vs mln reuter" }, { "label": 2, "text": "bellsouth corp bls rd qtr net shr cts vs cts net mln vs mln revs billion vs billion nine mths shr dlrs vs dlrs net billion vs billion revs billion vs billion avg shrs mln vs mln note share adjusted for three for two stock split in february reuter" }, { "label": 2, "text": "rte corp rte rd qtr net shr profit cts vs loss cts net profit vs loss sales mln vs mln nine mths shr profit dlrs vs profit cts net profit vs profit sales mln vs mln note figures include a five mln dlr or cts a share charge for electronics restructuring and mln dlr charge from early retirement of mln dlrs in long term notes reuter" }, { "label": 2, "text": "comerica inc cmca o rd qtr net shr dlrs vs dlrs net vs nine mths shr dlrs vs dlrs net vs assets billion vs billion deposits billion vs billion loans mln vs mln reuter" }, { "label": 2, "text": "st joseph light saj rd qtr net shr cts vs cts net vs revs mln vs mln nine mths shr dlrs vs dlrs net vs revs mln vs mln note per share adjusted for three for two stock split effective june st joseph light and power co is full name of company reuter" }, { "label": 2, "text": "trw inc trw rd qtr net shr dlrs vs cts shr diluted dlrs vs cts net mln vs mln sales billion vs billion nine mths shr dlrs vs dlrs shr diluted dlrs vs dlrs net mln vs mln sales billion vs billion avg shrs mln vs mln avg shrs diluted mln vs mln reuter" }, { "label": 5, "text": "balladur urges g to respect louvre accord french finance minister edouard balladur said the group of seven g 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" }, { "label": 3, "text": "soviet grain target indicates output recent announcements from moscow of next year s grain production targets indicate that the soviets are estimating this year s grain crop at to mln tonnes agriculture department analysts said usda is projecting the soviet crop at mln tonnes but some earlier estimates from soviet officials were that the grain crop could match the record of mln tonnes moscow outlined its economic targets for on monday putting the grain harvest goal at mln tonnes an analyst of soviet agriculture at usda noted that a recent article in izvestia said soviet grain production in is planned to be to mln tonnes more than expected this year this indicates that their own estimate is for a to mln tonne grain crop the analyst said in calculating moscow s crop estimate usda used the mln tonne production goal as well as a mln tonne figure published in a soviet economic journal this month usda s production estimate of mln tonnes reflects a range of to 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 mln tonne harvest a member of nikonov s party commented that although mln tonnes of grain were in the fields harvest problems would bring the final crop down to around mln tonnes reuter" }, { "label": 4, "text": "canada mln dlr t bill issue yield average pct official" }, { "label": 5, "text": "fed s johnson says louvre accord still vital 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 as a result of the accord reuter" }, { "label": 0, "text": "m a hanna co hnm to acqure pms consolidated 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 mln dlrs in revenues in its last fiscal year which ended may reuter" }, { "label": 1, "text": "ample supplies limit u s strike s oil price impact 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 dlrs up cents before falling to around 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 mln bpd little changed from september levels peter nicol analyst at chase manhattan bank said opec production could be about mln in october reuter and international energy agency iea estimates put opec september production at 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" }, { "label": 2, "text": "total research corp fiscal net june end shr ct vs four cts net vs revs vs avg shrs vs reuter" }, { "label": 0, "text": "communications and cable ccab o buys stake communications and cable inc said it acquired about 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" }, { "label": 0, "text": "baltek btek o buys ecuadorian plant 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 reuter" }, { "label": 2, "text": "gendex corp xray o nd qtr sept net shr nine cts vs six cts net vs sales vs six mths shr cts vs cts net vs sales vs avg shrs mln vs mln note net includes tax credits equal to one cent in the quarter and two cts in the six months reuter" }, { "label": 2, "text": "ben and jerry s homemade inc bjic o eight mths shr cts vs cts net vs sales mln vs mln note company released results in connection with filing for class a common stock offering reuter" }, { "label": 5, "text": "balladur urges g to respect louvre accord french finance minister edouard balladur said the group of seven g 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" }, { "label": 0, "text": "banctexas btx to sell affiliate 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 mln dlrs as of september banctexas said it plans to concentrate on its primary market the dallas area reuter" }, { "label": 2, "text": "talman home federal tlmn o rd qtr oper net oper shr cts vs not available oper net vs nine mths oper shr cts vs not available oper net vs assets billion vs billion loans billion vs billion deposits billion vs billion note operating net excludes tax credits of mln dlrs or cts a share in the quarter and mln dlrs or cts in the nine months period nine months operating net excludes prepayment penalties on early retirement of loans of dlrs talman home federal savings and loan association chicago is full name of company reuter" }, { "label": 0, "text": "allwaste alws o to acquire firm 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 mln shares or allwaste common allwaste said that tank cleaning earned about one mln dlrs before taxes last year and had about mln dlrs in pre tax income for the nine months ended september reuter" }, { "label": 2, "text": "northeast savings f a nsb nd qtr net loss shr loss dlrs vs profit dlrs net loss vs profit six mths shr loss cts profit dlrs net profit vs profit mln assets billion vs billion deposits billion vs billion loans billion vs billion note six mths per share includes preferred stock dividend payments reuter" }, { "label": 2, "text": "marine corp mcor o rd qtr net shr cts vs cts net vs nine mths shr cts vs cts net vs reuter" }, { "label": 5, "text": "fed s johnson says louvre accord alive but cites u s german differences" }, { "label": 5, "text": "balladur urges g to respect pledges on monetary policy in louvre accord" }, { "label": 2, "text": "pioneer standard electronics inc pios o nd qtr periods ended september oper shr cts vs six cts oper net vs sales mln vs mln first half oper shr cts vs cts oper net vs sales mln vs mln note operating net excludes losses from discontinued operations of dlrs or three cts a share in quarter and dlrs or seven cts a share in half reuter" }, { "label": 2, "text": "citizens financial group inc citn o rd qtr shr cts vs cts net vs nine mths shr dlrs vs dlrs net mln vs mln assets billion vs billion note prior year amounts restated to reflect for stock split effective may reuter" }, { "label": 2, "text": "irwin magnetic systems inc irwn st qtr net period ended sept shr nine cts vs cts net vs sales mln vs mln avg shrs vs note figures include tax credits of dlrs or three cts a share reuter" }, { "label": 3, "text": "u s senate panel votes to limit county loan rate changes starting with crops" }, { "label": 2, "text": "bench craft inc sofa o rd qtr net shr cts vs cts net vs sales mln vs mln nine mths shr cts vs cts net vs sales mln vs mln note share adjusted for three for two stock split in february reuter" }, { "label": 2, "text": "cityfed financial corp ctyf o rd qtr loss shr primary loss eight cts vs profit cts shr fully diluted loss eight cts vs profit cts net profit vs profit mln nine mths shr primary profit cts vs profit dlrs shr fully diluted profit cts vs profit dlrs net profit mln vs profit mln assets billion vs billion deposits billion vs billion loans billion vs billion note nine mth figures include gain of dlrs from cumulative effect of an accounting change rd qtr and nine mth figures also include gain of mln dlrs from sale of real estate investment property rd qtr and nine mths earnings per share reflect payment of dividends on company s two series of preferred stock amounting to mln dlrs reuter" }, { "label": 2, "text": "caterpillar inc cat rd qtr net shr profit dlrs vs loss cts net profit mln vs loss mln revs billion vs billion nine mths shr profit dlrs vs profit dlrs net profit mln vs profit mln revs billion vs billion reuter" }, { "label": 2, "text": "dense pac microsystems inc dpac o nd qtr period ended august shr profit one ct vs loss one ct net profit vs loss sales vs avg shrs vs six mths shr nil vs loss nine cts net profit vs loss sales vs avg shrs vs reuter" }, { "label": 2, "text": "newhall investment properties nip rd qtr shr dlrs vs cts net vs nine mths shr dlrs vs dlrs net mln vs mln note current quarter figures include gain of mln dlrs on property sales vs gain of mln in prior year s quarter current nine month figures include gain of mln dlrs on property sales vs gain of mln dlrs reuter" }, { "label": 2, "text": "aspen ribbons inc arib o st qtr net sept shr seven cts vs five cts net vs revs vs reuter" }, { "label": 2, "text": "lsi lighting systems inc lyts o st qtr net qtr ends september shr cts vs cts net vs revs vs reuter" }, { "label": 7, "text": "u s house speaker denies trade bill hurt stocks 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" }, { "label": 2, "text": "roto rooter inc roto o rd qtr net shr cts vs cts net vs revs mln vs mln nine mths shr cts vs cts net vs revs mln vs mln reuter" }, { "label": 2, "text": "city savings bank of meriden csbm o rd qtr shr cts vs not given net vs nine mths shr one dlr vs not given net vs note company went public in september reuter" }, { "label": 2, "text": "home federal savings bank of georgia hfga o rd qtr net shr cts vs cts net vs nine mths shr cts vs dlrs net vs reuter" }, { "label": 2, "text": "international telecharge inc itil o rd qtr shr loss five cts vs loss eight cts net loss vs loss revs vs avg shrs vs nine mths shr loss cts vs loss cts net loss vs loss revs vs avg shrs vs reuter" }, { "label": 2, "text": "spectramed inc spmd o rd qtr net shr profit seven cts vs n a net profit vs profit sales mln vs mln nine mths shr loss ct s vs n a net loss vs protit sales mln vs mln note current nine month figures include extraordinary loss of mln dlrs or 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 with the acquisition of gould inc s gld medical products group reuter" }, { "label": 2, "text": "m a r c inc marc o nd qtr sept net shr cts vs cts net vs revs mln vs mln avg shrs vs st half shr cts vs cts newt vs revs mln vs mln avg shrs vs reuter" }, { "label": 2, "text": "chambers development co inc cdv rd qtr net shr cts vs cts net vs revs mln vs avg shrs mln vs nine mths shr cts vs cts net vs revs mln vs mln avg shrs mln vs reuter" }, { "label": 2, "text": "voplex corp vot rd qtr loss shr loss cts vs loss cts net loss vs loss revs mln vs mln nine mths shr profit six cts vs loss cts net profit vs loss revs mln vs mln reuter" }, { "label": 1, "text": "security council calls talks after gulf attack 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" }, { "label": 2, "text": "united savings and loan unsa o nd qtr net sept shr cts net vs six months shr cts net vs assets mln vs mln deposits mln vs mln loans mln vs mln reuter" }, { "label": 0, "text": "baring unit sets up fund for management buy outs baring capital investors ltd bci a unit of the u k merchant bank baring brothers and co ltd said it has raised 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 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 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" }, { "label": 5, "text": "g seen fighting to keep currency pact 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 marks and about one yen to yen the dow jones industrial average slumped more than points at one stage and u s treasury bonds dropped about points reuter" }, { "label": 2, "text": "tons of toys inc tons o st qtr aug loss shr loss five cts vs loss eight cts net loss vs loss sales vs avg shrs vs reuter" }, { "label": 2, "text": "anchor financial corp afcx o rd qtr net shr cts vs cts net vs nine mths shr cts vs dlrs net vs note share reflects issuance of common shares in december reuter" }, { "label": 2, "text": "photronics corp phot o st half aug net shr cts vs cts net vs sales vs avg shrs vs reuter" }, { "label": 2, "text": "hometown bancorp inc htwn o rd qtr net shr profit five cts vs profit seven cts net profit vs profit nine mths shr profit cts vs loss four cts net profit vs loss avg shrs vs reuter" }, { "label": 2, "text": "fidelity federal savings and loan ffed o rd shr cts vs cts net vs nine mths shr cts vs dlrs net vs note nine mths net includes a loss of dlrs on sale of securities and nine recurring charge of dlrs for write off of fslic secondary reserve reuter" }, { "label": 0, "text": "crazy eddie crcy o won t oppose slate 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" }, { "label": 2, "text": "horizon bancorp hzb rd qtr net shr dlrs vs cts net mln vs nine mths shr dlrs vs dlrs net mln vs mln reuter" }, { "label": 2, "text": "society for savings bancorp inc socs o rd qtr hartford conn oct shr cts vs cts net vs nine mths shr dlrs vs dlrs net mln vs mln reuter" }, { "label": 2, "text": "acc corp rd qtr net shr profit three cts vs profit nine cts net profit vs profit revs vs avg shrs vs nine mths shr loss cts vs profit cts net loss vs profit revs mln vs mln avg shrs vs reuter" }, { "label": 2, "text": "first union real estate investments fur net rd qtr oper shr cts vs cts oper net vs revs mln vs ln nine mths oper shr cts vs cts oper net mln vs mln revs mln vs mln note net excludes capital gains of dlrs vs dlrs in quarter and dlrs vs dlrs in nine mths reuter" }, { "label": 2, "text": "federal mogul corp fmo rd qtr net shr cts vs cts net vs sales mln vs mln nine mths shr dlrs vs dlrs net mln mln sales mln vs mln note rd qtr results include extraordinary loss on extinguishment of debt of dlrs or cts a shr reuter" }, { "label": 2, "text": "usacafes lp usf rd qtr net shr cts vs cts net vs revs vs chainwide sales mln vs mln nine mths shr dlrs vs cts net vs revs mln vs mln chainwide sales mln vs mln avg shrs vs reuter" }, { "label": 2, "text": "acme electric corp ace st qtr oct two shr cts vs four cts qtly div eight cts vs eight cts net vs revs mln vs mln note st qtr adjusted for five pct stock dividend pain in march qtly dividend payable december seven to shareholders or record november nine reuter" }, { "label": 2, "text": "nbi inc nbi st qtr loss sept end shr loss cts vs loss three cts net loss vs loss revs mln vs mln avg shrs vs note first quarter results include gain from repurchase of debentures that had been discounted below market value reuter" }, { "label": 2, "text": "avx corp avx rd qtr oct three net shr profit cts vs profit three cts net profit vs profit revs mln vs mln avg mln vs mln nine mths shr profit cts vs loss cts net profit mln vs loss revs mln vs mln avg shrs mln vs mln reuter" }, { "label": 2, "text": "stratus computer inc stra o rd qtr net shr cts vs cts net vs revs mln vs mln nine mths shr cts vs cts net mln vs revs mln vs mln reuter" }, { "label": 0, "text": "sosnoff reduces caesars world caw stake new york investor martin sosnoff said he reduced his stake in caesars world inc common stock to shares or pct of the company s common stock outstanding from about pct sosnoff who tried unsuccessfully to acquire caesars world earlier this year said in a filing with the securities and exchange commission that he sold caesars world shares on october and at dlrs to dlrs a share sosnoff said he holds his caesars world stock primarily for investment purposes he also said he reserves the right to alter his intentions at any time reuter" }, { "label": 0, "text": "crazy eddie inc says it won t oppose slate of entertainment marketing" }, { "label": 2, "text": "myers industries inc mye rd qtr net shr cts vs cts net vs revs mln vs mln nine mths shr cts vs cts net vs revs mln vs mln note earnings per share adjusted for for stock split distributed on september reuter" }, { "label": 2, "text": "victoria banckshares inc vict o rd qtr net shr profit two cts vs loss dlrs net profit vs loss mln nine mths shr profit cts vs loss dlrs net profit vs loss mln reuter" }, { "label": 2, "text": "interstate securities inc is th qtr sept shr cts vs cts qtly div cts vs cts prior net vs revs mln vs mln year shr cts vs dlrs net vs revs mln vs mln note qtly div payable december to shareholders of record november reuter" }, { "label": 2, "text": "pancho s mexican buffet inc pamx o th qtr net sept end shr cts vs cts net vcs revs mln vs mln avg shrs vs year shr cts vs cts net vs revs mln vs mln avg shrs vs fiscal net both periods includes charge dlrs to adjust premium reserves for workers compensation and liability insurance claims reuter" }, { "label": 2, "text": "franklin electric co inc fele o rd qtr net shr cts vs cts net vs sales mln vs mln nine mths shr dlrs vs dlrs net vs sales mln vs mln note tax credits added cts to third quarter net and cts to nine months net compared with credits of cts and cts in the respective periods reuter" }, { "label": 2, "text": "altus bank alts o rd qtr net oper shr three cts vs cts oper net vs nine mths oper shr dlrs vs dlrs oper net vs note operating net excludes extraordinary gains of dlrs or four cts a share vs dlrs or cts a share in quarter and dlrs or cts a share vs dlrs or cts a share in the nine months reuter" }, { "label": 2, "text": "kennametal inc kmt st qtr sept net shr cts vs cts net vs sales mln vs mln avg shrs mln vs mln reuter" }, { "label": 2, "text": "computer consoles inc ccs rd qtr net oper shr profit four cts vs profit cts oper net profit vs profit revs mln vs mln avg shrs mln vs mln nine mths oper shr profit cts vs loss cts oper net profit vs loss revs mln vs mln avg shrs mln vs mln note net excludes tax credits of dlrs in quarter and dlrs in nine mths net both perioods includes charge one mln dlrs from restructuring of computer products division reuter" }, { "label": 2, "text": "omnicare inc ocr rd qtr net shr profit five cts vs loss one ct net profit vs loss revs mln vs mln nine mths shr profit cts vs profit cts net profit vs profit revs mln vs mln note rd qtr net includes a after tax charge of dlrs for sale of reliacare inc nine mths net includes charge of dlrs or cts a share for sale of reliacare and inspiron hospital products division nine mths net also includes aftertax earnings of dlrs or dlrs a share for american medical international inc ami contracts which expired july reuter" }, { "label": 2, "text": "dime savings bank n y dime o rd qtr net shr dlrs net mln vs mln nine mths shr dlrs net mln vs mln assets billion vs billion deposits billion vs billion loans billion vs billion note full name is dime savings bank of new york per share figures not available as bank converted to stock form in august qtr and nine mths includes gain mln dlrs and mln dlrs respectively from utilization of net operating loss carryforwards qtr and nine mths includes gain mln dlrs and mln dlrs respectively from utilization of net operating loss carryforwards qtr and nine mths also includes charge of dlrs for the early extinguishment of debt net of tax benefit reuter" }, { "label": 0, "text": "hal roach hrsi o robert halmi rhi to merge robert halmi inc said it and hal roach studios inc signed a definitive agreement to merge in a stock swap value at mln dlrs based on october closing prices the company said the agreement calls for the holders of common stock in hal roach to exchange their shares on a one for one basis for shares in the combined company it said holders of robert halmi common will exchange their shares on a two and one half for one basis for shares in the combined company the company said the swap will be tax free the company also said qintex ltd a pct owner of hal roach common stock has agreed to use the company as the exclusive vehicle for its u s media and entertainment investments the company said the company said qintex s u s subsidiary also agreed to supply a minimum mln dlrs line of credit to the new company which shall be used with qintex approval for financing new hri products the company said that under the definitive agreement qintex s u s division will have the right to purchase up to pct of the new company in the open market in private transactions or by tender offer but will not be purchasing warrants to bring its ownership to pct of the new company if qintex s u s subsidiary has not achieved this ownership within one year after the completion of the merger the subsidiary will have the right two years thereafter to request that hri commence a rights offering to hri stockholders the company said regarding the potential rights offering qintex s u s subsidiary will act as standby purchaser the company said the transaction is subject to the approval of both company s shareholders the receipt of certain tax approvals and the continued employement of robert halmi sr and robert halmi jr the company said robert halmi sr who is currently chairman and chief executive officer of robert halmi inc will be chairman of the new company and david evans current president and chief operating officer of hal roach will become chief executive the company said reuter" }, { "label": 2, "text": "piccadilly cafeterias inc picc o st qtr net sept end shr cts vs cts net vs sales mln vs mln reuter" }, { "label": 0, "text": "system software ssax o completes acquisition system software associates inc said it completed its previously announced acquisition of admin edp pty ltd for cash and a small amount of stock admin edp of sydney australia is a full service software sales and services firm reuter" }, { "label": 2, "text": "first michigan bancorp fmbc o rd qtr net shr cts vs cts net vs nine mths shr dlrs vs dlrs net vs reuter" }, { "label": 2, "text": "countrywide transport cwts o rd qtr net shr cts vs cts net vs revs mln vs mln avg shrs vs nine mths shr cts vs cts net vs revs mln mln avg shrs vs note full name countrywide transport services inc reuter" }, { "label": 2, "text": "software services of america inc ssoa o net shr four cts vs five cts net vs revs vs reuter" }, { "label": 2, "text": "keycorp key rd qtr net shr cts vs cts net mln vs mln avg shrs mln vs mln nine mths shr dlrs vs dlrs net mln vs mln avg shrs mln vs mln note previously reoprted amounts restated for earnings of first northwest bancorp acquired in pooling of interests on july reuter" }, { "label": 2, "text": "allied signal inc ald rd qtr oper net oper shr dlrs vs cts oper net mln vs mln revs billion vs billion nine mths oper shr dlrs vs dlrs oper net mln vs mln revs billion vs billion note rd qtr and nine mths includes after tax mln dlr or cts a share gain for increase in equity of union texas petroleum holdings inc for initial public offering nine mths net includes after tax gain of mln dlrs or cts a share on sale of remaining interest in the henley group inc and other related transactions which was partly offset by an after tax loss of mln dlrs ot cts a share for repurchase of high coupon bonds nine mths also excludes mln dlrs for estimated net gain on disposal of discontinued operations as of march including linotype group amphenol products ampex corp amounts restated to exclude sales and expenses of discontinued operations rd qtr and nine mths oper net excludes operating income of mln dlrs and and mln dlrs for discontinued operations nine mths includes a mln dlrs or cts a share after tax gain for reversion of surplus pension funds at end of and third quarter average shares outstanding were mln and mln outstanding after deducting dividends accured on preferred stock at end of and nine mth period average shares were mln and respectively after deducting for preferred stock dividends reuter" }, { "label": 0, "text": "corby distilleries cdl to to buy heublein unit corby distilleries ltd said it has agreed to buy toronto based mcguinness distillers ltd from heublein inc for about mln dlrs in a move which corby expects to add significantly to domestic earnings heublin is a subsidiary of grand metropolitan plc gmhl l corby said mcguinness will remain a seperate business unit with a seperate sales force mcguinness markets liquers brandy and other liquors and has entered the fast expanding wine cooler market corby said corby said it expects to benefit from mcguinness s succesfull introduction of schnapps and coolers and its strength in traditional market sectors heublein said the sale does not include mcguinness s calona wines ltd a canadian wine company heublein said it is will still be represented in canada by gilbey canada inc reuter reuter" }, { "label": 2, "text": "burr brown corp bbrc o rd qtr net shr cts vs cts net vs sales mln vs mln nine mths shr cts vs cts net vs sales mln vs mln reuter" }, { "label": 2, "text": "temple inland inc tin rd qtr net shr dlrs vs dlrs net mln vs mln revs mln vs mln nine mths shr dlrs vs dlrs net mln vs mln revs billion vs mln reuter" }, { "label": 2, "text": "universal furniture ltd ufurf o rd qtr net shr cts vs cts net vs revs mln vs mln nine months shr cts vs cts net mln vs mln revs mln vs mln note all share and per share data have been adjusted to reflect pct stock dividend distrition on april and the public offier of two mln shares ofthe company on june reuter" }, { "label": 2, "text": "a schulman inc shlm o th qtr aug net shr cts vs cts net vs sales mln vs mln year shr dlrs vs dlrs net mln vs mln sales mln vs mln note share adjusted for february three for two split prior year results restated reuter" }, { "label": 1, "text": "usx x unit hikes crude oil posted prices marathon petroleum company a subsidiary of usx corp said it lowered posted prices for crude oil by cts with an effective date of october the increase brings posted prices for west texas intermediate and west texas sour to dlrs a barrel each south louisiana sweet was increased to dlrs a barrel several indepndent oil companies such as permian corp and coastal corp cgp said they had moved prices up effective last friday the day sun co sun announced a cts a barrel increase to dlrs a barrel reuter" }, { "label": 2, "text": "bearings inc ber st qtr net sept end primary cts vs cts diluted shr cts vs cts net vs revs mln vs mln primary avg shrs vs diluted avg shrs vs reuter" }, { "label": 2, "text": "chemical waste management inc chw rd qtr net shr cts vs cts net vs revs mln vs mln nine mths shr cts vs cts net vs revs mln vs mln reuter" }, { "label": 1, "text": "marathon raised crude posted prices by cts a barrel effective october" }, { "label": 2, "text": "air products and chemicals inc apd th qtr net oper shr cts vs cts oper net mln vs mln sales mln vs mln year oper shr dlrs vs dlrs oper net mln vs mln sales billion vs billion avg shrs mln vs mln note results restated for discontinued engineering services operations prior year net excludes losses from discontinued operations of dlrs in quarter and dlrs in year fiscal year net excludes dlr charge from early debt retirement fiscal net includes special charges mln dlrs in quarter and mln dlrs in year from worgroce reduction costs revaluation of south african investment reversal of investment tax credits and othe r items reuter" }, { "label": 5, "text": "transatlantic row imperils louvre accord dealers the louvre accord on currency stability which has maintained an uneasy calm in currency markets since last february appeared in serious danger today as a transatlantic dispute over west german interest rates came to the boil foreign exchange dealers said but as the dollar slid against the mark and world stock and bond markets plunged officials in the major industrial countries played down the dispute as a bilateral problem between the united states and west germany and insisted that the currency pact was still alive u s treasury secretary james baker sparked the market fears when he attacked the rise in west german short term interest rates that s not in keeping with the spirit of what we agreed to as recently as earlier this month in washington baker said in a u s television interview on sunday he was referring to the meetings of finance ministers from the group of seven g leading industrial nations which reaffirmed the pact under the louvre accord west germany and japan who both have large trade surpluses pledged to boost their economic growth to take in more exports from the u s while the u s agreed to stop talking the dollar down however baker said on saturday that while the louvre agreement was still operative the west german interest rate move would force the u s to re examine the accord the foreign exchange market has been told by baker that he s going to hammer germany he has just declared all bets are off in terms of currency cooperation chris johns currency analyst at ubs phillips and drew in london said but a bank of japan official took a much more sanguine view telling reuters that the exchange market is apparently reacting too much and anyone who sold the dollar on the baker comment will regret it later on french finance minister edouard balladur who hosted the louvre meeting was the only one of the g finance ministers to respond directly to baker s remarks he called for a faithful and firm adherence by all the major industrial countries to the louvre accords in both their letter and spirit neither the west german finance ministry nor the british treasury commented on the row but a japanese finance ministry official said that despite u s frustration over higher interest rates abroad this does not represent its readiness to scrap the basic framework of the louvre accord in frankfurt f wilhelm christians joint chief executive of west germany s largest bank deutsche bank said that following recent meetings with baker he believed that the u s was still committed to the accord in a move which the market interpreted as a possible gesture of reconciliation the bundesbank added short term liquidity to the west german money market at pct on monday down from the pct level at which it injected medium term liquidity last week the bank of france also stepped into the french money market to hold down rates injecting short term liquidity at pct after rates rose close to eight pct reuter" }, { "label": 0, "text": "northview novc o plans to sell company northview corp said it reached an agreement in principal covering the acquisition of the company by privately held calmark financial corp the agreement calls for northview to make a self tender offer for all of its outstanding stock at a price of dlrs per share in cash calmark headquartered in los angeles develops manages and syndicates real estate northview also said reuter" }, { "label": 2, "text": "union national corp unbc o rd qtr net shr cts vs cts shr diluted cts vs cts qtly div cts vs cts prior net vs nine mths shr dlrs vs dlrs shr diluted dlrs vs dlrs net mln vs mln avg shrs vs mln note dividend pay dec record nov reuter" }, { "label": 0, "text": "corby distilleries ltd to buy heublein s mcginness distillers for mln canadian dlrs" }, { "label": 2, "text": "amcast industrial corp acst o th qtr loss aug shr loss cts vs profit cts net loss vs profit revs mln vs mln avg shrs vs months shr profit cts vs loss dlrs net profit vs loss revs mln vs mln avg shrs vs note results include pretax restructuring provisions of mln dlrs and mln dlrs for and respectively reuter" }, { "label": 4, "text": "fed arranges three day system repos the federal reserve entered the government securities market to arrange three day system repurchase agreements a spokesman for the new york fed said federal funds were trading at pct at the time of the direct injection of temporary reserves dealers said reuter" }, { "label": 2, "text": "datacopy corp dcpy o rd qtr net shr profit three cts vs profit one ct net profit vs profit revs vs nine mths shr loss six cts vs profit two cts net loss vs profit revs vs note prior qtr and nine mth figures include extraordinarycredits of dlrs and dlrs respectively reuter" }, { "label": 0, "text": "media general meg holders may seek control a shareholder group led by barris industries inc brss o said it acquired a pct stake in media general inc class a common stock and may seek seek contorl of the company in a filing with the securities and exchange commission the group said it holds shares of media general commons stock purchased at a total cost of about mln dlrs in addition to the possible bid for control the group said it may purchase additional media general shares or possibly seek one or more seats on the company s board of directors through a proxy contest a bid for control of media general would be subject to a recapitalization or possible restructuring and to possible changes in the charter documents and by laws of the company it said the group said it had held discussions with third parties to gauge their interest in joining the shareholder group but no agreements were reached talks with third parties are expected to continue the shareholder group said between october and barris industries bought shares of media general class a common stock dlrs to dlrs a share in open market transactions and another shares privately reuter" }, { "label": 0, "text": "s k i skii o to buy califora ski area s k i ltd and goldmine ski associates inc said they reached an agreement calling for s k i to buy goldmine s california ski area for approximately mln dlrs s k i which owns killlington and mount snow ski resorts in vt said the california ski area is located in the san bernardino mountains the company said it plans to invest approximately mln dlrs into the ski area in the next few years reuter" }, { "label": 0, "text": "allegis aeg westin sets news conference on sale westin hotels and resorts a subsidiary of allegis corp said it will hold a press conference on october near san francisco to discuss the pending sale of the hotel chain by allegis allegis has said that it plans to sell westin buyt has not announced that a deal has been set reuter" }, { "label": 2, "text": "american republic bancorp arbc o rd qtr net shr profit cts vs profit nine cts net profit vs profit avg shrs vs nine mths shr profit cts vs loss cts net profit vs loss avg shrs vs reuter" }, { "label": 0, "text": "cal fed income cfi buys two shopping centers cal fed income partners l p said it has acquired two shopping centers for a total price of mln dlrs the company said it bought best plaza shopping center in pleasanton calif for mln dlrs and bristol place shopping center in santa ana calif for mln dlrs reuter" }, { "label": 2, "text": "firstier financial inc frst o rd qtr net shr dlrs vs cts net vs nine mths shr dlrs vs dlrs net mln vs mln reuter" }, { "label": 2, "text": "southwest bancorp swb rd qtr loss shr loss primary cts vs profit cts shr loss diluted cts vs cts net loss vs profit avg shrs vs nine mths shr loss primary cts vs profit cts shr loss diluted cts vs cts net loss vs profit avg shrs vs loans mln vs mln deposits mln vs mln assets mln vs mln note prior qtr and nine mth figures include operating loss carryforward gains of dlrs or two cts per share and dlrs or four cts per share respectively reuter" }, { "label": 0, "text": "shamrock capital completes central soya sale shamrock capital l p a limited partnership led by shamrock holdings inc said it completed its sale of central soya co inc to ferruzzi agricola finanziaria of italy under terms of the sale agreement which was announced on september ferruzzi acquired all the equity in central soya and assumed subordinated term debt of about mln dlrs in a transaction valued at about mln dlrs reuter" }, { "label": 2, "text": "martin marietta ml rd qtr net shr dlrs vs cts net mln vs mln revs billion vs billion nine mths shr dlrs vs dlrs net mln vs mln revs billion vs billion note rd qtr and nine mths includes one time after tax charge of mln dlrs or cts a share for previously announced anticipated sale in the fourth quarter of an investment in equatorial communications co amounts restated increasing net by four cts a share for change in pension expense accounting backlog on september was billion dlrs which company said was a record reuter" }, { "label": 5, "text": "stoltenberg assumes cooperation will continue the west german government assumes that the commitment to international monetary cooperation which was renewed in washington last month will continue a finance ministry spokesman quoted finance minister gerhard stoltenberg as saying stoltenberg s statement was a reaction to criticism of rises in west german interest rates voiced by u s treasury secretary james baker over the weekend reuter" }, { "label": 0, "text": "barris ind says it leads group with pct of media general may seek control" }, { "label": 2, "text": "neiman marcus group inc nmg nd qtr aug loss shr not given net loss mln vs profit revs mln vs mln six mths shr loss mln vs profit mln revs mln vs mln note company recently spun off from carter hawley hale stores inc chh current year net both periods includes mln dlrs in pretax charges from carter hawley hale restructuring reuter" }, { "label": 2, "text": "deluxe check printers inc dlx rd qtr net shr cts vs cts net mln vs mln revs mln vs mln nine mths shr dlrs vs dlrs net mln vs mln revs mln vs mln note nine month earnings include nonrecurring gain of nine cents a share from sale of the company s data card investment reuter" }, { "label": 0, "text": "transamerica ta unit buys reinsurance unit transamerica insurance group the main property liability insurance operation of transamerica corp said it signed a definitive agreement to acquire a newly formed insurer commerical risk underwriters insurance co from clarendon group ltd transamerica said the unit which will be renamed transamerica reinsurance co will initially be capitalized at about mln dlrs transamerica said the acquisition represents its first move into specialty treaty reinsurance the company said about members of clarendon will join transamerica as part of the acquisition which is expected to close in november and is subject to various regulatory approvals reuter" }, { "label": 0, "text": "industrial equity has pct of triton oil a group of firms led by hong kong based industrial equity pacific ltd said it acquired shares of triton oil corp common stock or pct of the company s common stock outstanding industrial equity pacific which is controlled by brierley investments ltd bryw we and which has applied with u s antitrust regulators to buy up to pct of triton s common stock said the current pct stake was acquired for investment purposes the company said it informed triton of its present good faith intention to buy more than mln dlrs worth of triton stock it said it also told triton it may depending on market conditions acquire pct or more and possibly pct of the voting securities of triton it said it received clearance to buy up to pct of the stock on september industrial equity pacific reported it bought shares of triton common stock on october at dlrs a share reuter" }, { "label": 2, "text": "home savings bank of brooklyn hmsb o rd qtr shr cts vs not given net vs mln nine mths shr dlrs vs not given net mln vs mln note company went public in november net both periods includes dlr pretax gain on sale of branches net includes securities and loan sales loss dlrs pretax vs gain dlrs in quarter and gains dlrs vs dlrs in nine mths and loan losxs provisions dlrs vs dlrs in quarter and dlrs vs dlrs in nine mths reuter" }, { "label": 5, "text": "stoltenberg says he assumes monetary cooperation will continue" }, { "label": 2, "text": "mci communications corp mcic o rd qtr net shr eight cts vs six cts net mln vs mln revs mln vs mln nine mths shr cts vs cts net mln vs mln revs billion vs billion note rd qtr and nine mths include pre tax gains of from antitrust settlement of dlrs and dlrs respectively rd qtr includes pre tax gain of mln dlrs from sale of mci airsignal subsidiary and after tax extraordinary loss of mln dlrs from early redemption of pct subordinated notes reuter" }, { "label": 2, "text": "sterling drug inc sty rd qtr net shr dlrs vs cts net mln vs mln revs mln vs mln avg shrs mln vs mln nine mths shr dlrs vs dlrs net mln vs mln revs billion vs billion avg shrs mln vs mln note figures restated to reflected change in accounting methods related to pension expenses reuter" }, { "label": 2, "text": "fpl group inc fpl rd qtr net shr dlrs vs dlrs net mln vs mln revs billion vs billion avg shrs mln vs mln mths shr dlrs vs dlrs net mln vs mln revs billion vs billion avg shrs mln vs mln reuter" }, { "label": 4, "text": "french week t bill rate rises to pct from bank of france" }, { "label": 0, "text": "multifoods imc files suit against bregman international multifoods corp said it filed a suit charging bregman partners and its affiliates unlawfully planned to acquire control of the company in a suit filed in u s district court international multifoods said bregman partners and its affiliates who reportedly hold pct of the company s shares tried to induce multifood s management to join them in an effort to take the company private and give controlling interest to bregman partners bregman partners include the interests of the belzberg families of canada the complaint also discloses that on each occasion multifoods management rejected the group s overtures multifoods is asking bregman s group to divest its shares in open market sales in a manner not to further disrupt the market place according to the suit the suit seeks compensatory and punitive damages in an amount to be determined in addition multifoods is seeking to stop bregman partners from acquiring any more stock or voting the shares it reportedly owns the suit said according to multifoods the actions proposed by bregman partners would prevent shareholders from realizing the full benefits of the company s restructuring in the past three years multifoods has substantially altered its domestic business mix by divesting its u s consumere foods operations and emphasizing growth in selected segments of the u s foodservice industry reuter" }, { "label": 2, "text": "at and t t rd qtr net shr cts vs cts net mln vs mln revs billion vs billion nine mths shr dlrs vs dlrs net billion vs billlion revs billion vs billion note full name is american telephone and telegraph co note prior quarter and nine mth net reduced by mln dlrs or two cts per share for estimated costs to reduce workforce and consolidate various facilities prior qtr and nine mths include pretax gain of mln dlrs from damages paid by republic of iran and pretax gain of mln dlrs from change in company s ownership in ing c olivetti spa after tax these gains added mln dlrs or six cts per shr to net income prior qtr and nine mth results were previously restated to reflect a change in depreciation methods that reduced net income by mln dlrs or cts per share reuter" }, { "label": 2, "text": "gordon jewelry corp gor th qtr aug loss shr loss cts vs loss cts net loss vs loss revs mln vs mln year shr loss dlrs vs profit dlrs net loss mln vs profit mln revs mln vs mln note year includes charge mln dlrs pre tax for inventory valuation allowance year also includes charge mln dlrs from discontinued operations reuter" }, { "label": 5, "text": "west germany still committed to louvre accord west german government sources said bonn remained committed to the louvre accord to stabilise currencies which was struck by leading western democracies in paris last february over the weekend u s treasury secretary james baker criticised recent rises in west german short term interest rates and said such developments were not in the spirit of the louvre pact he said the agreement may have to be re examined the sources said the west german interest rate rises had to be seen in the context of interest rate developments worldwide reuter" }, { "label": 4, "text": "fdic s seidman says higher rates could harm banks federal deposit insurance corp chairman william seidman said he would be concerned about the impact on banks of a further sharp rise in interest rates however seidman attending the american bankers association convention said he did not expect rates to rise much higher and said the outlook for the u s economy and for banking was sound the potential for greater interest rate rises gives us concern we see nothing right now in the outlook that causes us to believe rates are going much higher or that the economy is not sound seidman told a news conference reuter" }, { "label": 5, "text": "fed seen adding reserves via system repos the federal reserve is expected to enter the government securities market to supply reserves to the banking system via system repurchase agreements economists said most economists said the fed would execute three day system repurchases to meet a substantial need to add reserves in the current maintenance period although some said a more aggressive add via overnight system repos was possible federal funds opened at pct and remained at that level late this morning compared with an average effective rate of pct friday reuter" }, { "label": 2, "text": "standard products co spd st qtr sept net shr cts vs cts net vs sales mln vs mln avg shrs mln vs mln note share adjusted for august five for four split reuter" }, { "label": 2, "text": "bankeast corp benh o rd qtr net shr cts vs cts net vs nine mths shr cts vs dlrs net vs mln reuter" }, { "label": 2, "text": "dallas corp dls rd qtr net shr cts vs cts net vs sales mln vs mln nine mths shr cts vs cts net vs sales mln vs mln reuter" }, { "label": 2, "text": "anchor glass container corp anc rd qtr net shr cts vs cts net vs revs mln vs mln nine mths oper shr dlrs vs dlrs oper net mln vs mln revs mln vs mln avg shrs mln vs mln note nine mths net exclude dlr gain from reversion of pension assets net both periods includes pretax charge dlrs from amortization of goodwill reuter" }, { "label": 2, "text": "middle south utilities inc msu rd qtr net shr cts vs cts net mln vs mln revs billion vs billion nine mths shr dlrs vs dlrs net mln vs mln revs billion vs billion mths shr dlrs vs dlrs net mln vs mln revs billion vs billion reuter" }, { "label": 0, "text": "industrial equity to make proposal to calmat czm industrial equity pacific ltd a hong kong based investment firm leading a group holding pct of calmat co s common stock said it intends to submit to calmat a proposal for a possible business combination in a filing with the securities and exchange commission industrial equity pacific did not disclose details of the proposal but said it would be delivered to calmat in the near future industrial equity pacific does not intend to remain a passive investor in calmat the firm told the sec in its sec filing industrial equity pacific said its president of north american operations ronald langley met with calmat officials on october to discuss an acquisition of the company at a premium over the market price of calmat stock industrial equity pacific added it is considering launching a tender offer for calmat stock or making a merger proposal to the company but said it has not decided whether it will pursue a calmat acquisition on a non negotiated basis industrial equity pacific which currently holds mln calmat common shares said it is also evaluating the company s recently adopted shareholder rights plan and its potential effect on calmat and on possible acquisition proposals made to the company between october and industrial equity pacific bought shares of calmat common stock at dlrs to dlrs a share or a total of about mln dlrs reuter" }, { "label": 0, "text": "oregon steel buys kaiser s napa valley plant kaiser steel corp s plant in napa calif has been purchased by oregon steel mills for mln dlrs the privately owned portland company said the transaction was approved by the u s bankruptcy judge in denver who is hearing kaiser steel s chapter reorganization case james mccaughey former vice president of sales for kaiser has been named general manager for the plant which will be called napa pipe corp oregon steel said reuter" }, { "label": 2, "text": "unisys corp uis rd qtr net shr primary cts vs cts shr diluted cts vs cts net mln vs mln revs billlion vs billion avg shrs primary mln vs mln avg shrs diluted mln vs mln nine mths shr primary dlrs vs dlrs shr diluted dlrs vs dlrs net mln vs mln revs billion vs billion avg shrs primary mln vs mln avg shrs diluted mln vs mln note earnings per share for have been restated to reflect for split effective july results for three and nine mths includes results from july of sperry corp acquired on sept with net income reflecting ownership in sperry of about pct for the months of july and august and pct for the month of sept revenue for periods reflects reclassification of revenue of divested sperry operations to other income with no effect on net income reuter" }, { "label": 2, "text": "woburn five cents savings wobs o st qtr net shr cts vs cts net vs assets mln vs mln deposits mln vs mln loans mln vs mln note full name of company is woburn five cents savings bank reuter" }, { "label": 2, "text": "first federal savings fcht o st qtr net shr cts qtly div eight cts vs eight cts prior net vs assets mln vs mln deposits mln vs mln loans mln vs mln note per share figures not available because bank converted to stock ownership dec dividend payable dec to shareholders of record nov full name of company is first federal savings and loan association of chattanooga reuter" }, { "label": 1, "text": "coastal cgp raises oil posted prices coastal corp said that effective october it had raised posted prices for crude oil by cts a barrel the increase brings west texas intermediate to dlrs a barrel and west texas sour to dlrs a barrel sun co sun announced that it would make a cts a barrel increase late friday bringing wti to dlrs a barrel and traders said that other oil companies could be expected to increase prices reuter" }, { "label": 1, "text": "tass denounces u s attack on iran as adventurism the official soviet news agency tass denounced a u s attack on an iranian oil drilling platform in the gulf on monday as military adventurism and said it would bring no dividends to the reagan administration tass commentator mikhail krutikhin said the administration had embarked on an adventurist path in order to deflect attention from the scandal in which the united states sold arms to iran and the profits were diverted to nicaraguan rebels the confrontation is a fact now what is obvious is that the latest military adventure will not bring political dividends to the american administration krutikhin said soviet leader mikhail gorbachev and foreign minister eduard shevardnadze abruptly left a parliamentary session earlier on monday sparking diplomatic speculation that they were concerned with an urgent matter of foreign affairs soviet officials have previously criticized the united states for sending naval forces into the gulf saying their presence serves to increase tension moscow is officially neutral in the war between iran and iraq it is a major arms supplier to iraq but has also sought broader contacts with iran in the last year krutikhin said the united states has undertaken an act of armed aggression against iran the probability of which has long been spoken of by washington officials reuter" }, { "label": 6, "text": "world telecoms watchdog relaxes car phone rules the international telecommunications union which regulates communications worldwide decided at the end of a five week conference to allow mobile phone systems to be linked with satellites telecommunications officials said until now car phones have been linked with land stations and have been limited mainly to urban areas the new ruling will make it easier for calls to be made from remote regions the meeting which finished over the weekend also decided to allow a radio determination satellite system which would enable fleet owners to trace to within about metres the movements of their lorries or cars or ships around the world reuter" }, { "label": 2, "text": "international research irdv o rd qtr payout qtly div nine cts vs nine cts prior qtr pay nov record nov note full name is international research and development corp reuter" }, { "label": 2, "text": "rohm and haas co roh rd qtr net shr cts vs cts net mln vs mln sales mln vs mln nine mths shr dlrs vs dlrs net mln vs mln sales billion vs billion reuter" }, { "label": 0, "text": "industrial equity tells sec it will send calmat proposal for business combination" }, { "label": 0, "text": "idc services idcs o holders offered dlrs idc services inc said a new company will begin a cash tender offer by october to acquire all of idc s outstanding common for dlrs a share the company said the offer is being made under a definitive agreement reached with the new company idc acquisition corp formed by apollo partners ltd and investment clients of equitable capital management inc the agreement calls for the acquisition of idc for about mln dlrs idc acquisition will also tender for all of idc s outstanding nine pct convertible subordinated debentures idc said the merger agreement also provides for payment of an equivalent amount in respect of employee stock options to be cancelled in the merger as part of the transaction the company said it granted idc acquisition an option to acquire up to pct of the company s outstanding shares for dlrs per share it said the planned tender offer is subject to several conditions including the tendering of over pct of the company s outstanding stock mim holdings ltd mima s a substantial shareholder in idc has agreed it will not buy any additional idc shares until february seven and has granted idc acquisition a right of first refusal on any idc shares it sells during that period the company said it said apollo partners was recently organized by three former senior viacom inc via executives terrence a elkes george c catell and kenneth f gorman reuter" }, { "label": 2, "text": "monsanto co mtc rd qtr net shr dlrs vs dlrs net vs sales billion vs billion nine mths shr dlrs vs dlrs net vs sales billion vs billion note figures include mln dlrs or cts a share of net gains from facilities and businesses sold shut down or impaired and other non recurring income and expenses reuter" }, { "label": 1, "text": "coastal said raised oil postings cts a barrel october wti now dlrs" }, { "label": 0, "text": "ic industries icx may sell aerospace unit ic industries inc said its board approved a second major step in the reorganization and restructuring of the company to implement the plan of sharpening its strategic focus on consumer goods and services the company will give serious consideration to the sale of its pneumo abex its aerospace and defense company if it can realize a price which will return maximum value to shareholders in pneumo abex had operating income of mln dlrs on sales of mln dlrs ic said it will use the proceeds of any asset sale to invest in new high return businesses in the consumer goods and services field the company said it authorized a program to repurchase between mln dlrs and billion dlrs of ic s common stock from time to time when conditions warrant it also said it will begin an immediate cost reduction program to cust annual operating expenses by mln dlrs an ic spokesman said the cost reduction program involved across the board cuts rather than specific about targeted areas ic s board earlier approved a plan to spin off the company s illinois central gulf railroad to shareholders the company s other major subsidiaries are pet inc pepsi cola general bottlers midas international corp and hussmann corp reuter" }, { "label": 2, "text": "georgia gulf corp gglf o rd qtr net shr dlrs vs cts net mln vs sales mln vs mln nine mths shr dlrs vs dlrs net mln vs mln sales mln vs mln reuter" }, { "label": 2, "text": "financial corp of america fin rd qtr loss shr loss dlrs vs profit cts net loss mln vs profit mln avg shrs primary mln vs mln avg shrs diluted mln vs mln nine mths shr primary loss dlrs vs profit dlrs shr diluted loss dlrs vs profit dlrs avg shrs primary mln vs mln avg shrs diluted mln vs mln net loss mln vs profit mln assets billion vs billion loans billion vs billion deposits billion vs billion note net includes fslic sepcial assessment loss of vs in qtr vs and mln vs mln in nine mths vs net includes gain from sale of mortgage backed securities and loans of mln vs mln and mln vs mln in nine mths vs net includes gain from sale of investments of in qtr and vs in nine mths vs net includes provision for losses and discounts of mln vs mln in qtr vs and mln vs mln in nine mths vs nine mths included write off of fslic secondary reserve of mln reuter" }, { "label": 0, "text": "arnox arnx o still in merger talks with txl arnox corp said a special committee of its board is continuing talks with txl corp on the terms of txl s offer to acquire arnox at dlrs per share it said txl has arranged preliminary financing reuter" }, { "label": 2, "text": "j p morgan and co inc jpm rd qtr net shr profit dlrs vs profit dlrs net profit mln vs profit mln nine mths shr loss cts vs profit dlrs net loss mln vs profit mln assets billion vs billion loans billion vs billion deposits billion vs billion note nine mths include previously reported mln dlr addition to loan loss reserve in nd qtr for ldc debts reuter" }, { "label": 7, "text": "cairns group said influential in trade talks australian minister for trade negotiations michael duffy said his country and third world commodity producers have formed an effective lobby group against farm export subsidies and market access restrictions duffy told a press conference the cairns group of major agricultural producers to which australia and thailand belong has emerged as an important third force in any multilateral trade talks there s no doubt that the cairns group is being seen as a third force to be reckoned with both inside the general agreement on tariffs and trade and in other international trade negotiations he said duffy here on a three day visit after talks in the united states the european community ec and latin america said considerable progress has been made by the group towards fighting costly protectionist policies pursued by developed countries the minister said the ec commission s new farm trade paper will recognise the heavy financial burdens imposed by its common agricultural policy and its future expansion he said the reagan administration has also displayed a determination to resist the currently strong protectionist sentiment in the u s congress reuter" }, { "label": 0, "text": "ibc s interstate bakeries ibc bid oversubscribed ibc acquisition corp said it received about interstate bakeries corp shares in response to its tender offer for up to shares that expired october and it will purchase about pct of the shares tendered it said a final proration factor should be announced and payment for shares start october ibc is made up of interstate management first boston inc fbc and george k braun and co reuter" }, { "label": 0, "text": "oregon steel buys kaiser s napa valley plant kaiser steel corp s plant in napa calif has been purchased by oregon steel mills for mln dlrs the privately owned portland company said the transaction was approved by the u s bankruptcy judge in denver who is hearing kaiser steel s chapter reorganization case james mccaughey former vice president of sales for kaiser has been named general manager for the plant which will be called napa pipe corp oregon steel said reuter" }, { "label": 0, "text": "carson pirie crn to start proxy mailing carson pirie scott and co said it plans to start mailing proxy materials to stockholders in connection to a november special meeting at which holders will be asked to consider a previously announced agreement with greyhound corp g under the agreement greyhound will acquire in a merger three of the company s foodservice operations dobbs international services dobbs houses and carson international if the transaction is approved carsons said its stockholders will receive dlrs cash and one share of common in the new carson pirie scott and co for each share held reuter" }, { "label": 2, "text": "home savings bank hmsb o rd qtr net shr cts net vs mln nine mths shr dlrs net mln vs mln assets billion vs billion deposits billion vs billion loans billion vs mln note rd qtr and nine mths per share figures not available because bank converted to stock form nov reuter" }, { "label": 0, "text": "woolworth z completing tender offer fw woolworth and co said that shares of armel inc s aml common stock were tendered to and accepted for payment by woolworth under the terms of the previosuly announced cash tender offer which expired at midnight edt on october in addition woolowrth said armel shares have been tendered subject to guaranteed delivery woolowrth said as a result of the tender offer and options which it has exercised to purchase armel stock fww acquisiton corp a woolworth unit today expects to own about pct of amrel s outstanding stock woolworth said the percent it owns does not include class a shares of armel which were tendered or will be purchased pursuant to the options as previuosly announced fww will now proceed with the cash merger in which all shares of armel other than those held by fww or woolworth will be entitled to receive dlrs per share woolworth said it expects to consummate the deal later this year armel is a specialty retailer of a broad line of athletic and leisure footwear accessories and other sportswear reuter" }, { "label": 2, "text": "plains petroleum co plp rd qtr net shr cts vs cts net vs revs vs nine mths shr cts vs cts net vs revs mln vs note if fasb adopts accounting changes then rd qtr per share results will be restated to cts and cts a share for nine mths reuter" }, { "label": 2, "text": "wells gardner corp wga rd qtr net shr profit three cts vs loss two cts net profit vs loss revs vs nine mths shr profit cts vs loss nine cts net profit vs loss revs mln vs mln reuter" }, { "label": 0, "text": "prospect group has pct of brinkmann brik o new york based prospect group inc prosz o said it acquired shares of brinkmann instruments inc common stock or pct of the scientific instrument maker s common stock outstanding in a filing with the securities and exchange commission prospect group said it bought the brinkmann shares in open market transactions between august and october at dlrs to dlrs or a total of mln dlrs prospect group said it bought the stock to establish a significant minority equity interest in the company but does not intend to seek control of brinkmann at the present time prospect group said it will review its investment objectives regarding brinkmann as warranted by market conditions the company s performance and other factors including discussions with brinkmann management reuter" }, { "label": 0, "text": "ic industries says it will consider possible sale of its aerospace business" }, { "label": 0, "text": "warner wci has pct berkey inc bky stake warner communications inc said its warner communications investors inc unit acquired stock and warrants representing shares of berkey inc common stock or the equivalent of pct of the company s common stock outstanding in a filing with the securities and exchange commission warner communications investors said it paid about one mln dlrs to berkey on september to acquire shares of berkey series b convertible preferred stock the preferred stock is convertible into berkey common shares and warrants to buy another shares warner communications and its subsidiary said the berkey stock is held as an investment which they will review and evaluate from time to time reuter" }, { "label": 2, "text": "american cyanamid co acy rd qtr net oper shr cts vs cts oper net mln vs mln sales billion vs mln nine mths oper shr dlrs vs dlrs oper net mln vs mln sales billion vs billion avg shrs mln vs mln note share data restated to reflect pct stock dividend distributed june operating net in both periods excludes additional gain of mln dlrs or cts a share associated with sale of formica brand products group business nine month operating net includes pre tax gain of mln dlrs equal to about cts a share from sale of jacqueline cochran businesses reuter" }, { "label": 2, "text": "tandy corp tan st qtr sept net shr cts vs cts net mln vs mln revs mln vs mln avg shrs mln vs mln reuter" }, { "label": 2, "text": "bell atlantic corp bel rd qtr net shr dlrs vs dlrs net mln vs mln revs billion vs billion avg shrs mln vs mln nine mths shr dlrs vs dlrs net mln vs mln revs billion vs billion avg shrs mln vs mln reuter" }, { "label": 2, "text": "wang laboratories inc wanb st qtr sept shr profit cts vs loss cts net profit mln vs loss mln revs mln vs mln avg shrs mln vs mln note prior year net includes five mln dlr tax credit reuter" }, { "label": 2, "text": "brockway inc brk rd qtr net shr cts vs cts net mln vs sales mln vs mln nine mths shr dlrs vs dlrs net mln vs mln sales mln vs mln note share adjusted for december three for two split reuter" }, { "label": 0, "text": "telex tc may seek other purchasers telex corp said its board has directed management and financial advisor drexel burnham lambert inc to investigate possible alternatives to the tender offer of asher edelman s tlx partners for all telex shares that may include seeking other purchasers for telex the company said the board at an october meeting decided to defer until a board meeting later this week a recommendation on the edelman offer and said the board expects to make a recommendation by october reuter" }, { "label": 0, "text": "ibc acquisition gets shares in tender to buy pct" }, { "label": 0, "text": "idc services agrees to be acquired for dlrs a share by apollo partners group" }, { "label": 0, "text": "management group has restaurant ra majority restaurant associates industries inc said the management group led by chairman martin brody and president max pine through october had received class a and class b shares in response to its tender offer for all shares at dlrs each giving thema majority of each class of shares the company said the tender has been extended until november reuter" }, { "label": 2, "text": "xidex corp xidx o st qtr sept net shr cts vs cts net vs sales mln vs mln note prior year net includes gain dlrs from sale of shares of seagate technology corp sgat o reuter" }, { "label": 2, "text": "calfed inc cal rd qtr net shr dlrs vs dlrs diluted shr dlrs vs dlrs net mln vs mln nine months shr dlrs vs dlrs diluted shr dlrs vs dlrs net mln vs mln reuter" }, { "label": 2, "text": "security pacific corp spc rd qtr net shr dlrs vs dlrs net mln vs mln avg shrs mln vs mln nine months shr cts vs dlrs net mln vs mln avg shrs mln vs mln note prior period data have been restated to include on a pooling of interest basis the august acquisition of rainier bancorporation reuter" }, { "label": 2, "text": "phelps dodge corp pd rd qtr net shr dlrs vs cts net mln vs mln revs mln vs mln nine mths shr dlrs vs dlrs net mln vs mln revs billion vs mln note rd qtr net includes about dlrs after tax extraordinary gain on retirement of debt reuter" }, { "label": 2, "text": "crane co cr rd qtr net shr cts vs cts net mln vs mln revs mln vs mln avg shrs mln vs mln nine mths shr dlrs vs dlrs net mln vs mln revs mln vs mln avg shrs mln vs mln note figures reflect the adjustment for for split in may net for nine mths includes a cumulative effect of a change in accounting for gain on pension assets reversion of mln or cts a shr reuter" }, { "label": 0, "text": "telex corp to investigate alternatives to tlx partners bid may seek other purchasers" }, { "label": 2, "text": "lotus development corp lots o rd qtr net shr cts vs cts net mln vs sales mln vs mln avg shrs mln vs mln nine mths shr dlrs vs cts net mln vs mln sales mln vs mln avg shrs mln vs mln note share adjusted for february two for one split reuter" }, { "label": 2, "text": "southwest bancorp swb rd qtr loss oper shr loss cts vs profit cts oper net loss vs profit avg shrs vs nine mths oper shr loss cts vs profit cts oper net loss vs profit avg shrs vs note net excludes tax loss carryforwards of dlrs in quarter and dlrs in nine mths quarter net includes dlr tax credit net both periods includes dlr addition to loan loss reserves due mostly to one out of state real estate transaction reuter" }, { "label": 2, "text": "gatx corp gmt rd qtr net shr cts vs cts net vs revs mln vs mln avg shrs vs nine mths shr dlrs vs dlrs net vs revs mln vs mln avg shrs vs note earnings include a loss from discontinued operations of dlrs or cts a share in the quarter and a gain of dlrs or cts a share for the nine months reuter" }, { "label": 2, "text": "microsoft corp msft o st qtr net shr cts vs cts net mln vs mln revs mln vs mln reuter" }, { "label": 2, "text": "cms energy corp cms rd qtr net shr cts vs cts net vs revs mln vs mln avg shrs vs nine mths shr dlrs vs cts net vs revs billion vs billion avg shrs vs note data restated for adoption of new accounting standard relating to pensions nine month earnings include mln dlr after tax writeoff in the th qtr of of a portion of the assets of the company s midland nuclear project reuter" }, { "label": 0, "text": "shamrock completes central soya sale to ferruzzi shamrock capital lp said it has completed the sale of cental soya co inc to ferruzzi agricola finanziaria the holding company for the ferruzzi group of ravenna italy shamrock capital is a limited partnership led by shamrock holdings inc the roy e disney family company under the agreement announced last month ferruzzi acquired all the equity and assumed subordinated term debt of about mln dlrs in a transaction valued at about mln dlrs reuter" }, { "label": 2, "text": "curtice burns foods inc cbi st qtr net qtr ends sept shr cts vs cts net vs revs mln vs mln note qtr figures exclude effect of tax reform act which retroactively reduced earnings from cts to cts per shr reuter" }, { "label": 2, "text": "lindberg co lind o rd qtr net shr profit cts vs profit eight cts net profit vs profit sales mln vs mln nine mths shr loss cts vs profit cts net loss vs profit sales mln vs mln avg shrs vs note earnings in the nd qtr of were reduced by dlrs or cts a share from a charge reflecting elimination or transfer of certain product lines and operations at the company s racine wis foundry reuter" }, { "label": 0, "text": "shamrock completes central soya sale to ferruzzi shamrock capital lp said it has completed the sale of cental soya co inc to ferruzzi agricola finanziaria the holding company for the ferruzzi group of ravenna italy shamrock capital is a limited partnership led by shamrock holdings inc the roy e disney family company under the agreement announced last month ferruzzi acquired all the equity and assumed subordinated term debt of about mln dlrs in a trction valued at about mln dlrs reuter" }, { "label": 1, "text": "weinberger says u s forces attacked iranian oil platform" }, { "label": 0, "text": "cable and wireless restructures h k units cable and wireless plc cawl l said its subsidiary hong kong telephone co ltd would cease to be a listed company following the restructure of the company s hong kong units earlier today the company announced that hong kong telephone and cable and wireless hong kong in which the territory s government has a pct stake would become subsidiaries of a newly formed holding company hong kong telecommunications in exchange for the cable and wireless hong kong capital hong kong telecommunications will issue billion new shares to cable and wireless plc s cable and wireless far east ltd that subsidiary now holds the group s pct stake in cable and wireless hong kong and about pct of h k telephone it will issue an additional billion shares to the goverment that will leave the cable and wireless group with an pct stake in hong kong telecommunications the government pct and nine pct in public hands but that will be reduced early next year after a placement of pct of the issued shares of hong kong telecommunications by both cable and wireless and the government reuter" }, { "label": 0, "text": "gaf gaf group reconsiders buyout bid gaf corp said the management group led by chairman samuel j heyman intends to reconsider its proposal to acquire gaf on september the group offered dlrs in cash and dlrs principal amount of pct junior subordinated debentures due for each gaf share heyman owns about of gaf s mln shares outstanding in a letter to the committee of independent directors formed to consider the offer heyman said it will have to modify the terms of the offer if it is to continue the bid due to rising interest rates and financial market conditions heyman said in the considerable time that has elapsed since our original proposal was submitted the credit and financial markets have experienced extraordinary and almost unprecedented deterioration as of the present time the average interest rate on the financing which we proposed to raise in connection with the acquisition has increased since the original proposal by approximately basis points he said the group intends to promptly review all available options including the revision of its offer to reflect current market conditions reuter" }, { "label": 2, "text": "ply gem industries inc pgi rd qtr net shr cts vs cts shr diluted cts vs cts net vs sales mln vs mln avg shrs mln vs avg shrs diluted mln vs mln nine mths shr cts vs cts shr diluted cts vs cts net mln vs sales mln vs mln avg shrs mln vs avg shrs diluted mln vs mln reuter" }, { "label": 5, "text": "deutsche bank chief says louvre pact still intact deutsche bank ag joint chief executive friedrich wilhelm christians said he believed the louvre accord on currency stability was still intact christians told a news conference he met u s treasury secretary james baker in the last two weeks after short term german interest rates had risen twice i am sure that with marks the dollar is still within the louvre agreement i do not see that the accord has been terminated christians said he was responding to questions about comments by baker who said the louvre accord was still operative but criticised rises in west german interest rates reuter" }, { "label": 0, "text": "gaf corp said management group to reconsider acquisition proposal" }, { "label": 2, "text": "emulex corp emlx o st qtr sept net shr cts vs cts net vs revs mln vs mln avg shrs mln vs mln reuter" }, { "label": 2, "text": "lyphomed inc lmed o rd qtr net shr cts vs cts net vs sales mln vs mln avg shrs vs nine mths shr cts vs cts net vs sales mln vs mln avg shrs vs note earnings adjusted for three for two stock split paid june reuter" }, { "label": 1, "text": "shipping sources say unidentified jets raid iranian oil platforms in southern gulf" }, { "label": 2, "text": "intellicorp inai o st qtr sept loss shr loss nine cts vs loss cts net loss vs loss revs vs avg shrs vs note current year net includes charge dlrs from amortization of previously capitalized software costs capitalized product development costs dlrs vs dlrs reuter" }, { "label": 2, "text": "owens and minor inc obod o rd qtr net shr cts vs cts shr diluted cts vs cts net vs sales mln vs mln avg shrs vs avg shrs diluted vs nine mths shr dlrs vs cts shr diluted cts vs cts net vs sales mln vs mln avg shrs vs avg shrs diluted vs reuter" }, { "label": 2, "text": "trinova corp tnv rd qtr net shr cts vs cts net mln vs mln sales mln vs mln avg shrs mln vs mln nine mths oper shr dlrs vs cts oper net mln vs mln sales billion vs billion avg shrs mln vs mln note nine mths net includes mln dlr provision for restructuring but excludes mln dlr gain on sale of discontinued glass business and dlr gain from discontinued operations quarter orders mln dlrs vs mln dlrs backlog mln dlrs vs mln dlrs reuter" }, { "label": 6, "text": "pentagon has no information on iran attack rumors a u s defense department spokesman said he had no information on london oil and stock market rumors that the united states had launched a retaliatory strike against iran for an attack on friday that damaged a u s shi i don t have anything major randy morger said i have no information at all president reagan said on sunday he had already made a decision on the u s response to friday s iran attack but would not say what the decision was defense secretary caspar weinberger said on saturday the attack on a u s flagged ship in kuwaiti waters on friday was almost certainly by an iran silkworm missile some of the rumors in the london markets were that the united states had launched an offshore strike against iranian missile installations reuter" }, { "label": 1, "text": "south yemen plans oil export pipeline mees south yemen is planning a major oil pipeline system to be completed in months time to start exports at a initial rate of barrels per day bpd the middle east economic survey mees said mees said government approval for the export pipeline followed a visit to aden by a high ranking delegation from the soviet union which will help south yemen construct the line the engineering studies for the pipeline are nearly finished and construction is expected to start early next year the industry newsletter said the pipeline will run about kms miles from shabwa oilfields to a coastal terminal at bir ali on the gulf of aden mees said mees said the soviet firm technoexport which is developing oilfileds for south yemen has substantially increased its initial reserve estimates and recommended a pipeline with an eventual bpd capacity the discovery of commercial quaotities of oil was confirmed by technoexport earlier this year in three structures in the shabwa region in the northwestern part of the country kms east of north yemen s alif oilfield reuter" }, { "label": 0, "text": "trafalgar house buys u s builder for mln dlrs trafalgar house plc traf l said it has acquired the entire share capital of capital homes inc of the u s for mln dlrs in cash capital homes builds single family homes in the washington d c area and is also active as a land developer both for its own use and for sale to other builders in the financial year to end february capital recorded pre tax profits of mln dlrs on a turnover of mln dlrs from the sale of homes capital has a land bank of some units and in the current year the company expects to sell homes trafalgar house said reuter" }, { "label": 5, "text": "balladur insists on maintenance of louvre accords french finance minister edouard balladur issued a firm call for the continued faithful application of the louvre accords on currency stability by all major industrial countries balladur responding to weekend remarks by u s treasury secretary james baker that the u s would take another look at the accords said i firmly desire a faithfull and firm adherence by all the major industrial countries to the louvre accords in both their letter and spirit on sunday baker said last week s rise in short term west german interest rates was not in keeping with the accords the louvre accords agreed in paris last february called for stability among the major currencies after a prolonged dollar slide the accords were reaffirmed by the group of seven finance ministers in washington last month but baker said at the weekend that the west german rate rise was not in keeping with the spirit of what we agreed to what i m really saying is that they should not expect us to simply sit back here and accept increased tightening on their part on the assumption that somehow we are going to follow them he added reuter" }, { "label": 6, "text": "iran warns u s against raising tension in gulf iran warned the united states on monday against exacerbating the gulf crisis saying it would endanger american interests tehran radio monitored by the british broadcasting corporation said a spokesman for iran s war information headquarters was responding to u s officials remarks about taking military action against iran the radio also quoted an iranian foreign ministry spokesman as saying iran would respond decisively to any aggressive measure by the united states the radio said the spokesman made the statement following the attack on a kuwaiti ship under the u s flag and comments by american officials on carrying out retaliatory action against iran the spokesman said any u s military aggression against iran will certainly be the beginning of an extensive clash in the persian gulf and amidst this our principled policy is to confront any act which escalates tension reuter" }, { "label": 5, "text": "bonn ministry has no comment on baker remarks the west german finance ministry declined to comment on weekend criticism by u s treasury secretary james baker of recent west german interest rate increases baker said the u s would re examine the february louvre accord to stabilise currencies reached by leading industrial democracies the rise in west germany short term interest rates was not in the spirit of an agreement by these nations in washington which reaffirmed the louvre pact he said a finance ministry spokesman asked for an official ministry reaction to baker s remarks said he could make no comment reuter" }, { "label": 6, "text": "animal feed ship on fire again at chinese port the cyprus vessel fearless tonnes dw which was on fire grounded then towed to yantai china in august had all its cargo reloaded but the cargo in the no hold caught fire on october the fire was put out with salt water and water from the no hold has spread over most of the cargo some water is also in the no hold bottom patching was reported complete but only the no starboard wing tank has been pumped out and remains dry the engine room is flooded to about three metres the ship was originally loaded with tonnes of animal feed reuter" }, { "label": 0, "text": "equiticorp holding in guinness reaches pct equiticorp holdings ltd equw we now owns or has received acceptances representing pct of the issued ordinary share capital of guinness peat group plc gnsp l equiticorp said in a statement equiticorp s offer for guinness peat became unconditional on october when it had pct and closed on october reuter" }, { "label": 5, "text": "banks extend trading halt in lebanese pound lebanon s bankers association said it extended its suspension of trading in the lebanese pound for two more working days to study ways to stem the currency s collapse the central bank did not post the rate of the pound to the dollar and other currencies on monday the pound closed on thursday at to the dollar compared with wednesday s close of association sources told reuters friday s suspension of trading for two working days was continued on monday for two more days so as to study proposals to reinforce the pound the association which comprises commercial banks in east and west beirut halted trading on friday in a chaotic market after the pound crashed to four record lows in the week the pound hit by the inability of lebanon s religiously and ideologically divided government to end years of civil war has lost more than pct of its international value this year reuter" }, { "label": 1, "text": "statoil places north sea veslefrikk field orders den norske stats oljeselskap a s statoil stat ol operator on norway s north sea veslefrikk oil field has placed field development contracts totalling billion crowns with two domestic yards the company said in a statement moss rosenberg verft a subsidiary of kvaerner industrier a s kvio ol won a billion crown contract to convert statoil s semisubmersible rig west vision to a floating production platform and to build the deck for a separate fixed well head platform to be placed on the field it said statoil said aker verdal a unit of aker norcem a s amvo ol won a mln crown contract to design and build the well head platform s tonne steel substructure to stand in metres of water next to the converted rig statoil said using a floating production unit rather than a fixed platform would cut construction time enabling field partners to bring veslefrikk on stream in late several months earlier than previously planned veslefrikk with estimated recoverable reserves of mln barrels oil and billion cubic feet gas is located km west of bergen statoil estimates the field s total development cost including drilling at billion crowns planned daily output is barrels oil and mln cubic feet gas veslefrikk s oil will be landed via the nearby oseberg field pipeline at the sture crude terminal near bergen its gas will be fed into the statpipe line which gathers gas from norway s statfjord gullfaks and oseberg fields partners on the field are statoil the operator with a pct share unocal norge a s pct deminex norge a s pct norsk hydro a s nhy ol nine pct and svenska petroleum ab pct reuter" }, { "label": 0, "text": "cable and wireless details merger of h k units cable and wireless plc cawl l said it will merge its hong kong telephone co ltd telh hk and cable and wireless hong kong ltd units into a new holding firm to be called hong kong telecommunications ltd under the merger h k telephone shareholders will receive two h k telecommunication shares at a par value of h k cents for each h k telephone share at par of one dlr h k telephone shareholders other than the cable and wireless group will receive warrants on a one for five basis entitling them to acquire from cable and wireless plc within five years one h k telecom share at dlrs each the cable and wireless plc group now holds some pct of h k telephone it also owns pct of cable and wireless hong kong while the hong kong government holds the balance trading in h k telephone shares was suspended on october the shares last traded at dlrs reuter" }, { "label": 2, "text": "tdk group net up pct in nine months nine months ended august group shr yen vs yen group shr per ads vs net billion vs billion pretax billion vs billion sales billion vs billion company s full name is tdk corp tdk t reuter" }, { "label": 2, "text": "tdk group net up pct in three months to august third quarter ended august group shr yen vs group shr per ads vs net billion vs billion pretax billion vs billion sales billion vs billion company s full name is tdk corp tdk t reuter" }, { "label": 0, "text": "cable and wireless to merge two h k units into new telecommunication operation" }, { "label": 5, "text": "balladur insists on maintenance of louvre accords french finance minister edouard balladur issued a firm call for the continued faithful application of the louvre accords on currency stability by all major industrial countries balladur responding to weekend remarks by u s treasury secretary james baker that the u s would take another look at the accords said i firmly desire a faithfull and firm adherence by all the major industrial countries to the louvre accords in both their letter and spirit on sunday baker said last week s rise in short term west german interest rates was not in keeping with the accords the louvre accords agreed in paris last february called for stability among the major currencies after a prolonged dollar slide the accords were reaffirmed by the group of seven finance ministers in washington last month but baker said at the weekend that the west german rate rise was not in keeping with the spirit of what we agreed to what i m really saying is that they should not expect us to simply sit back here and accept increased tightening on their part on the assumption that somehow we are going to follow them he added reuter" }, { "label": 7, "text": "philippine trade gap widens in january august the philippines trade deficit widened to mln dlrs in the eight months to end august from mln dlrs in the same period the national statistics office said it said exports in the eight month period rose to billion dlrs from billion in while imports rose to billion dlrs from billion a year earlier the country s trade deficit totalled mln dlrs in reuter" }, { "label": 1, "text": "iran soviet union to swap crude refined products the soviet union has agreed to supply iran with refined oil products in exchange for barrels per day of crude iran s national news agency irna said irna monitored in nicosia quoted oil minister gholamreza aqazadeh as saying on his return to tehran from moscow that the agreement was part of a protocol on economic cooperation signed during his visit the amount of crude delivered to the soviet union might double to bpd later he said aqazadeh said the two sides agreed to conduct feasibility studies for a pipeline to take iranian crude from fields in southern iran to the black sea through the soviet union iran is pursuing the pipeline project to protect part of its oil exports from iraqi air attacks in the gulf irna made no mention of natural gas exports to the soviet union which aqazadeh had said would be discussed before he left for moscow iran lost most of its refining capacity early in the gulf war and now imports several hundred thousand bpd of refined products aqazadeh said soviet refined products would be delivered at the caspian sea ports of anzali and nowshahr at neka near the caspian and at jolfa in north west iran reuter" }, { "label": 0, "text": "n z s chase corp makes offer for entregrowth chase corp ltd chca we said it will make an offer for all fully paid shares and options of entregrowth international ltd it does not already own chase a property investment firm said it holds pct of entregrowth its vehicle for expansion in north america it said agreements are being concluded to give it a beneficial pct interest the offer for the remaining shares is one chase share for every three entregrowth shares and one chase option for every four entregrowth options chase shares closed on friday at dlrs and the options at entregrowth closed at dlrs and options at cents chase said the offer for the remaining pct of entregrowth worth mln dlrs involved the issue of mln chase shares and mln chase options chase chairman colin reynolds said the takeover would allow entregrowth to concentrate on north american operations with access to chase s international funding base and a stronger executive team he said there also would be benefits from integrating new zealand investment activities chase said the offer is conditional it receiving accptances for at least pct of the shares and options reuter" }, { "label": 6, "text": "japan india conference cuts gulf war risk charges the japan india pakistan gulf japan shipping conference said it would cut the extra risk insurance surcharges on shipments to iranian and iraqi ports to a minimum three pct from pct on october it said surcharges on shipments of all break bulk cargoes to non iraqi arab ports would be reduced to pct from a conference spokesman declined to say why the move was taken at a time of heightened tension in the gulf reuter" } ]