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training/41
|
training/41 |@title handy:1 harman:1 hnh:1 4th:1 qtr:1 loss:1 |@word shr:2 loss:8 51:1 ct:6 vs:6 three:1 net:4 7:3 041:1 000:3 467:1 rev:2 138:1 9:2 mln:6 131:1 4:1 12:1 month:1 64:1 profit:2 46:1 8:1 843:1 6:2 306:1 0000:1 558:1 556:1 note:1 4th:1 qtr:1 1986:2 include:2 charge:2 restructuring:1 2:2 dlrs:2 tax:2 19:1 share:2 special:1 20:1
|
HANDY AND HARMAN <HNH> 4TH QTR LOSS
Shr loss 51 cts vs loss three cts
Net loss 7,041,000 vs loss 467,000
Rev 138.9 mln vs 131.4 mln
12 months
Shr loss 64 cts vs profit 46 cts
Net loss 8,843,000 vs profit 6,306,0000
Rev 558.9 mln vs 556.7 mln
NOTE: Net loss for 4th qtr 1986 includes charge for
restructuring of 2.6 mln dlrs after tax, or 19 cts a share.
1986 net loss includes after tax special charge of 2.7 mln
dlrs, or 20 cts a share.
|
training/410
|
training/410 |@title multi:1 step:1 products:1 inc:1 six:1 mth:1 dec:1 31:1 loss:1 |@word shr:1 loss:2 11:2 ct:1 739:1 146:1 revs:1 754:1 251:1 note:1 initial:1 public:1 listing:1 december:1 1986:1
|
<MULTI-STEP PRODUCTS INC> SIX MTHS DEC 31 LOSS
Shr loss 11 cts
Loss 739,146
Revs 11,754,251
Note: initial public listing December, 1986
|
training/4100
|
training/4100 |@title next:1 plc:1 nexl:1 l:1 five:1 month:1 end:1 january:1 |@word shr:1 7:2 67p:1 vs:6 5:1 34p:1 div:1 1:2 5p:1 08p:1 pretax:1 profit:1 30:1 12:2 mln:6 stg:2 40:1 net:2 interest:1 payable:1 2:1 55:1 200:1 tax:1 19:1 58:1 44:1 turnover:1 exclude:1 vat:1 257:1 66:1 74:1 09:1 note:1 company:1 say:1 intend:1 issue:1 second:1 interim:1 statement:1 six:1 month:1 july:1 1987:1 pay:1 relate:1 dividend:1 early:1 1988:1
|
<NEXT PLC> <NEXL.L> FIVE MONTHS TO END JANUARY
Shr 7.67p vs 5.34p
Div 1.5p vs 1.08p
Pretax profit 30.12 mln stg vs 12.40 mln
Net interest payable 2.55 mln vs 200 stg
Net after tax 19.58 vs 7.44 mln
Turnover excluding VAT 257.66 mln vs 74.09 mln
Note - The company said it intends to issue a second
interim statement for the six months to July 1987 and to pay a
related dividend in early 1988.
|
training/4101
|
training/4101 |@title australia:1 expect:1 rise:1 meat:1 export:1 mideast:1 |@word australia:7 expect:1 meat:5 livestock:4 export:3 middle:4 east:4 maintain:2 upward:1 trend:1 year:6 manage:1 director:1 australian:3 corp:1 peter:1 frawley:6 say:10 tell:1 reuters:1 improvement:1 economic:1 climate:1 less:1 competition:2 european:2 community:2 lead:1 gulf:4 area:2 high:1 beef:2 sale:5 drop:2 33:1 000:1 tonne:6 1980:1 2:2 300:1 last:4 three:1 four:2 month:2 resurgence:1 inquiry:1 tour:1 also:1 take:1 saudi:2 arabia:2 united:2 arab:3 emirates:2 kuwait:1 assess:1 market:6 potential:1 50:1 pct:1 intervention:1 stock:1 past:1 12:1 would:4 help:1 fall:2 mean:1 ec:1 aggressive:1 trade:2 natural:1 source:1 supply:2 back:1 debate:1 whether:1 account:1 two:1 third:1 value:1 believe:1 remain:1 continue:2 demand:3 fresh:2 number:2 live:1 sheep:1 ship:2 big:1 single:1 3:1 214:1 159:1 compare:1 939:1 226:1 1985:2 bahrain:1 however:1 slackening:1 offset:1 country:1 around:1 mediterranean:1 overall:1 rise:1 72:1 374:1 1986:2 52:1 403:1 previous:1 largely:1 due:1 25:1 790:1 mutton:1 lamb:3 iran:4 sell:1 9:1 824:1 virtually:1 exclude:1 new:1 zealand:1 several:1 contract:1 include:1 barter:2 provision:2 pay:2 full:1 cash:1 negotiation:1 iranians:1 1987:1 shipment:1 currently:1 way:1 seek:1 credit:1 tremendous:1 growth:1 chill:2 five:1 predict:1 particular:1 large:1 fly:1 ideal:1 position:1 provide:1 willing:1 premium:1 young:1 product:1
|
AUSTRALIA EXPECTS RISE IN MEAT EXPORTS TO MIDEAST
Australia expects meat and livestock
exports to the Middle East to maintain an upward trend this
year, managing director of the Australian Meat and Livestock
Corp, Peter Frawley, said.
He told Reuters an improvement in the economic climate and
less competition from the European Community should lead in the
Gulf area to higher beef sales, which dropped from 33,000
tonnes in 1980 to just 2,300 tonnes last year.
'In the last three to four months there has been a
resurgence of inquiries,' he said.
Frawley is on a Gulf tour which will also take him to Saudi
Arabia, the United Arab Emirates and Kuwait to assess market
potential.
On beef exports, he said a 50 pct drop in European
Community intervention stock in the past 12 months would help
Australian sales.
The fall meant the EC was not as aggressive in these
markets, where the Australian trade was the natural source of
supply, and Australia was 'now back in,' Frawley said.
He said there was a debate in Australia as to whether the
Middle East market for livestock, which accounts for two-thirds
of meat export value to the area, would be maintained.
He believed the trade would remain with a continuing demand
for fresh meat.
The number of live sheep shipped last year to Saudi Arabia,
the biggest single market, was 3,214,159 compared with
2,939,226 in 1985. The numbers shipped to the United Arab
Emirates and Bahrain fell, however.
Frawley said the slackening in demand in the Gulf had been
offset by other Arab countries around the Mediterranean.
Other than livestock, Australia's overall meat sales to the
Middle East rose to 72,374 tonnes in 1986 from 52,403 tonnes
the previous year, largely due to the sale of 25,790 tonnes of
mutton and lamb to Iran.
Australia sold 9,824 tonnes to Iran in 1985 after being
virtually excluded by New Zealand competition for several
years. Frawley said the 1986 sale contract had included a
barter provision, but Iran had paid in full in cash.
Negotiations with the Iranians for 1987 shipments were
currently under way, with Iran again seeking credit and barter
provisions, he said.
Frawley said there had been a tremendous growth in demand
for chilled lamb in the last four to five years and he
predicted this would continue.
'The Middle East, and the Gulf in particular, is now
Australia's largest market for lamb, chilled and flown in.
Australia is in an ideal position to provide the supplies if
the market is willing to pay a premium for a fresh, young
product,' he said.
|
training/4103
|
training/4103 |@title india:1 1986:1 87:1 cotton:1 export:1 quota:1 190:1 000:1 bale:1 |@word india:1 raw:1 cotton:2 export:3 quota:2 raise:1 190:1 000:5 170:1 kg:1 bale:6 600:2 1986:4 87:4 end:1 august:1 still:1 well:1 1985:3 86:3 1:2 35:1 mln:2 bales:1 minister:1 state:2 textile:1 r:1 n:1 mirdha:1 say:2 private:1 agency:1 contract:2 34:1 tell:1 journalist:1 433:1 ship:2 year:2 rest:1 deliver:1 758:1 february:1 2:1 government:1 long:2 extra:1 staple:1 three:1
|
INDIA 1986/87 COTTON EXPORT QUOTA UP 190,000 BALES
India's raw cotton export quota has
been raised by 190,000 170-kg bales to 600,000 bales in 1986/87
ending August, still well below the 1985/86 quota of 1.35 mln
bales, Minister of State for Textiles R.N. Mirdha said.
State and private agencies contracted to export 1.34 mln
bales in 1985/86, he told journalists. But only 433,000 bales
were shipped that year, with the rest to be delivered in
1986/87. About 758,000 bales from 1985/86 contracts were
shipped up to February 2 in 1986/87.
The government will export 600,000 bales of long and
extra- long staple cotton in the three years from 1986/87, he
said.
|
training/4105
|
training/4105 |@title ste:1 lyonnaise:1 des:1 eaux:1 lyoe:1 pa:1 year:1 end:1 dec:1 31:1 |@word consolidated:1 attributable:1 net:2 1986:1 profit:2 360:1 mln:4 franc:1 vs:2 279:1 8:1 parent:1 company:1 191:1 150:1 9:1
|
STE LYONNAISE DES EAUX <LYOE.PA> YEAR ENDED DEC 31
Consolidated attributable net 1986 profit 360 mln francs vs
279.8 mln.
Parent company net profit 191 mln vs 150.9 mln.
|
training/4106
|
training/4106 |@title lyonnaise:1 des:1 eaux:1 forecast:1 1987:1 profit:1 rise:1 |@word consolidated:1 attributable:1 net:1 profit:1 ste:1 lyonnaise:2 des:2 eaux:2 lyoe:1 pa:2 likely:1 rise:2 least:1 10:3 pct:5 year:9 360:1 mln:11 franc:6 report:2 1986:1 chairman:1 jerome:1 monod:4 tell:1 news:1 conference:1 group:6 turnover:2 seven:1 15:2 7:1 investment:6 total:4 around:2 1:2 8:1 billion:2 somewhat:1 3:1 annual:1 average:1 past:1 three:2 add:1 aim:3 mainly:3 develop:2 leisure:3 industry:2 health:1 communication:3 activity:3 say:6 sector:3 plan:1 joint:1 development:2 club:3 mediterranee:1 cmi:1 med:2 200:2 hectare:1 pleasure:1 park:1 puisaye:1 yonne:1 department:1 eastern:1 central:1 france:2 wholly:1 subsidiary:1 de:1 developpement:1 touristique:1 would:8 carry:1 construction:1 work:1 financial:2 planning:1 lease:1 operator:1 complex:1 give:1 detail:1 100:1 next:3 go:1 cable:3 television:4 25:1 metropole:4 affiliate:1 recently:1 win:2 concession:1 operate:1 sixth:1 channel:1 financing:1 requirement:1 700:1 four:1 lyonaise:1 provide:1 175:1 20:1 audience:2 share:1 capture:1 national:1 advertising:1 market:1 include:1 300:1 400:1 five:2 concentrate:1 coming:1 operation:1 150:1 widen:1 280:1 000:2 subscriber:1 12:1 boost:1 450:1
|
LYONNAISE DES EAUX FORECASTS 1987 PROFIT RISE
Consolidated attributable net profit of
Ste Lyonnaise des Eaux <LYOE.PA> is likely to rise by at least
10 pct this year from the 360 mln francs reported for 1986,
Chairman Jerome Monod told a news conference.
Group turnover should rise about seven pct from the 15.7
mln reported for this year, while group investments should
total around 1.8 billion francs, somewhat above the 1.3 billion
annual average of the past three years, he added.
Investments will be aimed mainly at developing the group's
leisure industry, health and communications activities, Monod
said.
In the leisure sector the group planned a joint development
with Club Mediterranee <CMI.PA>, Club Med, of a 200 hectare
pleasure park at Puisaye in the Yonne department of Eastern
Central France, he said.
Wholly-owned subsidiary Lyonnaise de Developpement
Touristique would carry out the construction work and financial
planning of the development which would be leased to Club Med
as operator of the complex, he said.
He gave no financial details but said leisure sector
investments would total about 100 mln francs over the next
three years.
Investments in the communications industry would go mainly
to develop the group's cable television activities and its 25
pct owned Metropole Television affiliate. Metropole recently
won the concession to operate a sixth television channel in
France.
Financing requirement of Metropole would be about 700 mln
francs over the next four years, of which Lyonaise des Eaux
would provide about 175 mln, Monod said.
Monod said Metropole aimed to win a 15 to 20 pct audience
share and to capture about 10 pct of the national television
advertising market.
Total investment by the group in the communications sector,
including cable activities, would be between 300 mln and 400
mln francs over the next five years, mainly concentrated in the
coming year.
Investment in cable operations would total between 150 mln
and 200 mln over the five years, with the aim of widening the
audience to 280,000 subscribers from 12,000, and boosting
turnover to around 450 mln francs a year from 10 mln.
|
training/4107
|
training/4107 |@title gus:1 make:1 8:1 2:1 mln:1 stg:1 agree:1 offer:1 pantherella:1 |@word great:1 universal:1 stores:1 plc:2 gus:4 l:1 say:2 make:1 agree:1 offer:3 pantherella:5 value:1 company:3 8:1 2:1 mln:1 stg:3 ordinary:3 share:5 205:1 penny:2 base:1 eight:2 new:2 non:1 voting:1 plus:1 95:1 16:1 every:1 100:1 receive:2 per:1 interim:1 dividend:1 respect:2 year:1 end:1 march:1 1987:1 statement:1 irrevocable:1 undertaking:1 accept:1 39:1 1:1 pct:1 director:1 family:1 board:1 estimate:1 manufacture:1 sock:1 show:1 1986:1 pretax:1 profit:1 690:1 000:1
|
GUS MAKES 8.2 MLN STG AGREED OFFER FOR PANTHERELLA
Great Universal Stores Plc <GUS.L> said
it has made an agreed offer for <Pantherella Plc>, valuing the
company at 8.2 mln stg and each Pantherella ordinary share at
205 pence.
The offer is based on eight new 'A' non voting ordinary
shares in GUS plus 95.16 stg for every 100 ordinary
Pantherella.
The new GUS shares will not receive the eight pence per
share interim dividend in respect of the year ending March
1987, the statement said.
GUS has received irrevocable undertakings to accept the
offer in respect of 39.1 pct of Pantherella shares from the
company's directors and their families.
The Pantherella board estimates the company, which
manufactures socks, will show a 1986 pretax profit of about
690,000 stg.
|
training/411
|
training/411 |@title u:1 k:1 money:1 market:1 offer:1 borrow:1 faciltie:1 |@word bank:6 england:2 say:3 offer:2 borrow:2 facility:2 discount:2 house:2 wish:1 use:2 1430:1 gmt:1 also:1 provide:1 money:3 market:3 456:1 mln:6 stg:6 assistance:1 afternoon:1 session:1 bring:1 total:1 help:1 far:1 today:2 493:1 compare:1 forecast:1 shortage:1 system:1 around:1 700:1 central:1 purchase:1 bill:1 outright:1 comprise:1 41:1 band:3 one:1 10:3 7:1 8:1 pct:3 361:1 two:1 13:1 16:1 54:1 three:1 3:1 4:1 dealer:1 recently:1 signal:1 want:1 see:1 early:1 reduction:1 u:1 k:1 base:1 lending:1 rate:3 lend:1 interest:1 high:1 prevail:1 deal:1
|
U.K. MONEY MARKET OFFERED BORROWING FACILTIES
The Bank of England said it had offered
borrowing facilities to those discount houses wishing to use
them at 1430 GMT.
The Bank also said it provided the money market 456 mln stg
assistance in the afternoon session bringing its total help so
far today to 493 mln stg. This compares with its forecast of a
shortage in the system today of around 700 mln stg.
The central bank purchased bank bills outright comprising
41 mln stg in band one at 10-7/8 pct 361 mln stg in band two at
10-13/16 pct and 54 mln stg in band three at 10-3/4 pct.
Money market dealers said the Bank of England has recently
used the offer of borrowing facilities to signal that it does
not want to see an early reduction in U.K. Base lending rates.
The Bank does this by lending to the discount houses at
rates of interest higher than its prevailing money market
dealing rates.
|
training/4111
|
training/4111 |@title bond:1 corp:1 international:1 ltd:1 nine:1 mos:1 dec:1 31:1 |@word shr:1 loss:3 17:1 4:2 h:1 k:1 cent:1 comparison:2 dividend:1 nil:1 net:2 11:1 49:1 mln:3 dlrs:4 note:1 exclude:2 extraordinary:1 27:1 91:1 property:2 valuation:1 reserve:1 surplus:1 67:1 result:1 reflect:1 trading:1 subsidiary:1 humphreys:1 estate:1 group:1 influence:1 bulk:1 firm:1 buy:1 late:1 last:1 year:1 hongkong:1 land:1 co:1 ltd:2 hkld:1 hk:1 1:1 billion:1 company:1 control:1 bond:1 corp:1 holdings:1 australia:1
|
<BOND CORP INTERNATIONAL LTD> NINE MOS TO DEC 31
Shr loss 17.4 H.K. Cents (no comparison)
Dividend nil (no comparison)
Net loss 11.49 mln dlrs.
Notes - Net excluded extraordinary losses 27.91 mln dlrs.
Property valuation reserve surplus 67 mln dlrs.
Results reflected trading in subsidiary <Humphreys Estate
Group> but excluded influence of a bulk of properties which the
firm bought late last year from Hongkong Land Co Ltd <HKLD.HK>
for 1.4 billion dlrs.
Company controlled by Bond Corp Holdings Ltd of Australia.
|
training/4113
|
training/4113 |@title german:1 public:1 authority:1 bundesbank:1 holdings:1 fall:1 |@word net:4 position:2 federal:2 state:3 worsen:1 first:1 march:1 week:7 cut:1 public:1 authority:1 holding:1 bundesbank:5 500:1 mln:7 mark:7 central:3 bank:3 say:4 cash:4 deposit:1 fall:2 800:1 also:2 draw:1 1:2 2:1 billion:8 book:1 credit:2 900:3 prior:2 contrast:1 however:1 government:1 able:1 reduce:1 drawdown:1 despite:1 strong:1 need:1 market:2 dependent:1 influence:1 balanced:1 outflow:1 liquidity:2 money:1 increase:1 circulation:2 rise:3 4:1 122:1 9:2 come:1 maturing:1 short:1 term:1 treasury:1 bill:1 buy:1 gross:1 currency:2 reserve:2 400:2 109:1 foreign:1 liability:1 largely:1 unchanged:1 22:1 8:1 give:1 87:1 0:1 balance:1 sheet:1 total:1 3:1 77:1 218:1 45:1
|
GERMAN PUBLIC AUTHORITY BUNDESBANK HOLDINGS FALL
The net position of federal states
worsened in the first March week, cutting public authority net
holdings at the Bundesbank by 500 mln marks, the central bank
said.
States' cash deposits at the central bank fell to 800 mln
and they also drew down 1.2 billion marks in book credit, 900
mln marks more than in the prior week.
By contrast, however, the federal government was able to
reduce its credit drawdown at the central bank by 900 mln marks
to 900 mln.
Despite the stronger states' net needs in the week, their
cash position and other market dependent influences just about
balanced the outflow of liquidity from the money market through
an increase in cash in circulation, the Bundesbank said.
Cash in circulation rose by 1.4 billion marks in the week
to 122.9 billion.
Liquidity also came in through the maturing of short-term
treasury bills bought from the Bundesbank in the prior week.
Gross currency reserves rose in the week by 400 mln marks
to 109.9 billion. Foreign liabilities of the Bundesbank were
largely unchanged at 22.8 billion marks, giving a rise in net
currency reserves of 400 mln to 87.0 billion, it said.
The Bundesbank said its balance sheet total fell by 3.77
billion in the week to 218.45 billion.
|
training/4114
|
training/4114 |@title canada:2 january:2 trade:2 surplus:4 533:2 mln:4 dlrs:4 december:2 965:2 |@word
|
CANADA JANUARY TRADE SURPLUS 533 MLN DLRS AFTER DECEMBER 965 MLN DLRS SURPLUS
CANADA JANUARY TRADE SURPLUS 533 MLN DLRS AFTER DECEMBER 965 MLN DLRS SURPLUS
|
training/4115
|
training/4115 |@title canada:1 january:1 trade:1 surplus:1 533:1 mln:1 dlrs:1 |@word canada:2 trade:1 surplus:4 533:1 mln:3 dlrs:6 january:6 compare:1 upward:1 revise:1 965:1 december:4 statistics:1 say:1 originally:1 report:1 964:1 last:1 year:1 1:1 19:2 billion:7 export:1 seasonally:1 adjust:1 9:4 72:1 10:2 39:1 89:1 1986:2 import:1 43:1 71:1
|
CANADA JANUARY TRADE SURPLUS 533 MLN DLRS
Canada had a trade surplus of 533 mln dlrs
in January compared with an upward revised 965 mln dlrs surplus
in December, Statistics Canada said.
The December surplus originally was reported at 964 mln
dlrs. The January surplus last year was 1.19 billion dlrs.
January exports, seasonally adjusted, were 9.72 billion
dlrs against 10.39 billion in December and 10.89 billion in
January, 1986.
January imports were 9.19 billion dlrs against 9.43 billion
in December and 9.71 billion in January 1986.
|
training/4117
|
training/4117 |@title hungarian:1 1987:1 sugar:1 beet:1 area:1 little:1 changed:1 |@word hungary:2 grow:1 sugar:2 beet:4 105:1 000:5 hectare:1 land:1 year:2 compare:1 95:1 1986:2 official:1 mti:1 news:1 agency:1 say:2 diplomat:1 reflect:1 policy:1 keep:2 area:1 stable:1 current:1 five:1 plan:1 1985:3 89:1 produce:1 enough:1 cover:1 domestic:1 demand:1 despite:1 recent:1 rise:1 world:1 price:1 10:1 month:1 high:1 drought:1 cut:1 harvest:1 3:1 58:1 mln:2 tonne:3 4:1 07:1 record:1 yield:1 130:1 kilo:1 per:1 production:1 454:1 30:1 extra:1 refine:1 yugoslavia:1 hungarian:1 output:1 483:1
|
HUNGARIAN 1987 SUGAR BEET AREA LITTLE CHANGED
Hungary is to grow sugar beet on
105,000 hectares of land this year compared with some 95,000 in
1986, the official MTI news agency said.
Diplomats said this reflected Hungary's policy of keeping
the sugar beet area stable under the current five-year plan
(1985-89) and producing enough to cover only domestic demand
despite the recent rise of world prices to 10 month highs.
Drought cut the 1986 harvest to 3.58 mln tonnes from 4.07
mln in 1985. But a record yield of 130 kilos per tonne of beet
kept production at 454,000 tonnes, with 30,000 extra refined in
Yugoslavia from Hungarian beet. Output was 483,000 in 1985.
|
training/4120
|
training/4120 |@title kidston:1 say:1 high:1 net:1 reflect:1 gold:1 sale:1 rise:1 |@word kidston:2 gold:3 mines:1 ltd:2 attribute:1 rise:3 1986:1 net:2 profit:2 high:1 price:1 increase:1 sale:2 237:1 969:1 ounce:3 206:1 467:1 1985:2 placer:1 development:1 offshoot:1 operate:1 australia:1 large:1 mine:1 north:1 queensland:1 earlier:1 report:1 60:1 50:2 mln:3 dlrs:2 76:1 period:1 10:1 month:1 start:1 production:1 silver:1 also:1 165:1 968:1 109:1 516:1 say:1 statement:1 spend:1 5:2 upgrade:1 mill:3 grind:1 circuit:2 ball:1 crush:1 boost:1 output:1 25:1 pct:1 end:1 1987:1
|
KIDSTON SAYS HIGHER NET REFLECTS GOLD SALE RISE
<Kidston Gold Mines Ltd> attributed
the rise in 1986 net profit to higher prices and an increase in
gold sales to 237,969 ounces from 206,467 ounces in 1985.
The <Placer Development Ltd> offshoot, which operates
Australia's largest gold mine, in North Queensland, earlier
reported net profit rose to 60.50 mln dlrs from 50.76 mln in
the 1985 period of 10 months from the start of production.
Sales of silver also rose to 165,968 ounces from 109,516.
Kidston said in a statement it will spend about 5.5 mln
dlrs to upgrade its mill grinding circuit to a mill-ball,
mill-crushing circuit to boost output by 25 pct from end-1987.
|
training/4122
|
training/4122 |@title bulletin:1 say:1 tin:1 price:1 may:1 rise:1 20:1 ringgit:1 |@word tin:6 price:6 likely:2 rise:1 20:2 ringgit:3 kilo:2 year:1 producer:2 accord:1 export:2 quota:2 reluctance:1 broker:2 bank:1 sell:1 metal:1 low:1 malaysian:2 government:1 bulletin:4 say:5 interest:1 keep:1 limit:1 total:1 90:1 000:3 tonne:3 gradually:1 deplete:1 80:1 overhang:1 consumption:1 industrialise:1 country:1 stay:1 160:1 international:1 council:1 creditor:1 dump:1 stock:1 excessively:1 unless:1 large:1 abrupt:1 jump:1 continue:1 depreciation:3 dollar:2 could:1 also:1 help:1 push:1 mean:1 closely:1 peg:1 make:1 cheap:1 sterling:1 term:1 add:1 even:1 absence:1 economic:1 rationale:1 market:1 psychological:1 optimism:1 alone:1 sufficient:1 secure:1 recovery:1 per:1
|
BULLETIN SAYS TIN PRICE MAY RISE TO 20 RINGGIT
The tin price is likely to rise to
20 ringgit a kilo this year because of the producers' accord on
export quotas and the reluctance of brokers and banks to sell
the metal at lower prices, a Malaysian government bulletin
said.
The Malaysian Tin bulletin said it is in producers'
interest to keep to their quotas to limit total exports to
90,000 tonnes and to gradually deplete the 80,000 tonnes
overhang.
It said consumption by industrialised countries should stay
at 160,000 tonnes and that International Tin Council creditors
and brokers are not likely to dump their stocks excessively
unless there is a large and abrupt price jump.
The continued depreciation of the dollar could also help
push up the price of tin, the bulletin said.
A depreciation of the dollar means the depreciation of the
ringgit which is closely pegged to it, making the price of tin
cheaper in sterling terms, it added.
'Even in the absence of economic rationale in the tin
market, psychological optimism alone is sufficient to secure a
price recovery of up to 20 ringgit per kilo,' the bulletin said.
|
training/4123
|
training/4123 |@title kidston:1 gold:1 mines:1 ltd:1 1986:1 year:1 |@word shr:1 48:1 4:1 cent:3 vs:10 40:1 6:1 yr:1 div:1 37:2 15:2 net:2 60:1 50:2 mln:10 dlrs:2 76:2 turnover:1 134:1 54:1 100:1 63:1 income:1 1:1 02:1 920:1 000:3 shrs:1 125:1 note:1 company:1 pay:1 total:1 previously:1 declare:1 quarterly:1 divs:1 tax:1 173:1 285:1 interest:1 9:2 67:1 8:1 05:1 depreciation:1 11:1 59:1
|
<KIDSTON GOLD MINES LTD> 1986 YEAR
Shr 48.4 cents vs 40.6
Yr div 37 cents vs 15
Net 60.50 mln dlrs vs 50.76 mln
Turnover 134.54 mln vs 100.63 mln
Other income 1.02 mln vs 920,000
Shrs 125 mln vs same.
NOTE - Company paid total 37 cents in previously declared
quarterly divs vs 15. Net is after tax 173,000 dlrs vs 285,000,
interest 9.67 mln vs 8.05 mln and depreciation 11.76 mln vs
9.59 mln.
|
training/4125
|
training/4125 |@title china:1 close:1 second:1 round:1 offshore:1 oil:1 bid:1 |@word china:6 close:1 second:3 round:4 bidding:3 foreign:3 firm:3 offshore:5 oil:4 exploration:2 right:1 daily:1 report:1 quote:1 spokesman:2 national:1 corp:1 cnooc:2 say:2 sign:2 eight:1 contract:5 15:1 block:2 pearl:1 river:1 mouth:1 south:2 yellow:1 sea:1 cover:1 total:1 area:1 44:1 913:1 sq:1 km:2 begin:2 end:1 1984:1 one:1 well:2 far:1 produce:1 result:1 lufeng:1 13:1 1:3 250:1 east:1 shenzhen:1 output:1 6:1 770:1 barrel:1 day:1 drill:1 group:1 japanese:1 company:2 add:2 ready:1 enter:1 third:1 would:2 bind:1 restriction:1 impose:1 36:1 agreement:1 37:1 10:1 country:1 since:2 1979:2 open:1 foreigner:1 eleven:1 terminate:1 discover:1 invest:1 2:1 billion:1 dlrs:1
|
CHINA CLOSES SECOND ROUND OF OFFSHORE OIL BIDS
China has closed the second round of
bidding by foreign firms for offshore oil exploration rights,
the China Daily has reported.
It quoted a spokesman for the China National Offshore Oil
Corp (CNOOC) as saying China signed eight contracts with 15
foreign firms for blocks in the Pearl River mouth and south
Yellow Sea covering a total area of 44,913 sq km.
Second round bidding began at the end of 1984 and only one
well has so far produced results -- Lufeng 13-1-1, 250 km
south-east of Shenzhen, with an output of 6,770 barrels a day.
The well was drilled by a group of Japanese companies.
The spokesman added CNOOC was ready to enter into contracts
for offshore blocks before third round bidding began. He did
not say when this would be, but added the contracts would not
be bound by restrictions imposed during the second round.
China has signed 36 oil contracts and agreements with 37
companies from 10 countries since 1979, when offshore
exploration was open to foreigners. Eleven contracts were
terminated after no oil was discovered.
Foreign firms have invested 2.1 billion dlrs on offshore
China since 1979.
|
training/4127
|
training/4127 |@title leigh:1 pemberton:1 oppose:1 takeover:1 protection:1 rule:1 |@word bank:2 england:1 favour:1 introduction:1 rule:1 shield:1 company:7 hostile:1 takeover:6 attempt:1 governor:1 robin:1 leigh:4 pemberton:4 say:7 instead:1 merchant:1 advise:1 bidding:1 must:2 show:1 restraint:1 responsibility:2 avoid:1 excess:2 mar:1 recent:3 tell:1 yorkshire:1 humberside:1 regional:1 confederation:1 british:1 industries:1 annual:1 dinner:1 also:1 call:1 improve:1 tie:1 institutional:1 investor:1 suggest:2 representative:1 institution:1 grant:1 seat:1 board:2 director:1 invest:1 expect:2 protection:1 unwelcome:1 predator:1 short:2 step:1 protect:1 shareholder:2 proprietor:1 add:2 merger:1 important:1 role:1 play:1 economy:1 scale:1 integration:1 efficient:1 market:2 penetration:1 degree:1 success:2 failure:1 experience:1 depend:2 whether:1 contest:1 note:1 activity:2 past:1 aim:1 pressurise:1 management:1 action:1 dedicate:1 solely:1 favourable:1 impact:1 share:2 price:1 term:1 partly:1 even:3 primarily:1 expense:1 future:1 bid:1 often:1 create:1 highly:1 charge:1 artificial:1 situation:1 give:1 rise:1 temptation:1 side:1 battle:1 engage:1 aggressive:1 manipulative:1 tactic:1 immensely:1 damaging:1 interest:1 clear:1 reference:1 event:1 city:1 act:2 individual:1 ready:1 accept:1 full:1 measure:1 entail:1 opprobrium:1 transaction:1 may:1 result:1 exercise:1 careful:1 judgment:1 outset:1 respect:1 client:1 contenplate:1 sow:1 wind:1 whirlwind:1 visit:1 elsewhere:1
|
LEIGH-PEMBERTON OPPOSES TAKEOVER PROTECTION RULES
The Bank of England does not favour the
introduction of rules to shield companies from hostile takeover
attempts, its governor, Robin Leigh-Pemberton, said.
Instead, merchant banks advising bidding companies must
show restraint and responsibility to avoid the excesses that
have marred recent takeovers, he told the Yorkshire and
Humberside Regional Confederation of British Industries' annual
dinner.
Leigh-Pemberton also called on companies to improve ties
with institutional investors, suggesting representatives of
those institutions be granted seats on the boards of directors
of companies they invest in.
'Boards cannot expect protection from unwelcome predators,
for that is but a short step from saying that they should be
protected from their own shareholders -- who are, after all,
the proprietors of the company,' Leigh-Pemberton said.
He added takeovers and mergers had an important role to
play in furthering economies of scale, integration and more
efficient market penetration. 'The degree of success or failure
(of a takeover) has not in my experience depended on whether or
not the takeover was contested,' he said.
Leigh-Pemberton noted there had been excesses in takeover
activity in the recent past. 'The aim is to pressurise a
company's management into action dedicated solely to a
favourable impact on the share price in the short-term, partly
or even primarily at the expense of the future,' he said.
Such bids 'often depend for their success on creating a
highly-charged and artificial situation in the share market,
and give rise to temptations, on both sides of the battle, to
engage in aggressive, even manipulative tactics that are
immensely damaging to the interest of the shareholders,' he
said.
In a clear reference recent events, he said 'those in the
City who act for companies or individuals .. Must, I suggest,
be ready to accept a full measure of responsibility -- even if
it entails opprobrium -- for the transactions that may result.'
They 'should exercise the most careful judgment at the
outset with respect to the clients for whom they act and the
activities contenplated. Those who sow wind cannot expect the
whirlwind to visit elsewhere,' he added.
|
training/4129
|
training/4129 |@title ecuador:1 ask:1 opec:1 raise:1 export:1 quota:1 |@word ecuador:7 ask:1 opec:2 raise:1 oil:2 export:3 quota:1 100:1 000:4 barrel:2 per:1 day:1 310:1 compensate:1 lose:1 output:2 due:2 last:2 week:1 earthquake:1 deputy:1 energy:2 minister:2 fernando:1 santos:1 alvite:3 say:3 santo:2 arrive:1 caracas:1 night:1 discuss:1 aid:1 plan:2 organisation:1 petroleum:1 exporting:1 countries:1 would:3 approach:1 additional:1 relate:1 discussion:1 venezuela:1 mexico:2 lend:1 crude:1 repair:1 pipeline:2 damage:2 quake:1 earlier:1 venezuelan:1 mines:1 aturo:1 hernandez:1 grisanti:1 country:1 supply:3 unspecified:1 part:1 commitment:1 tell:1 reporter:1 hope:1 first:1 cargo:1 300:1 could:1 leave:1 maracaibo:1 weekend:1 refinery:1 near:1 guayaquil:1 add:1 also:1 want:1 make:1 50:1 bpd:1 ship:1 caribbean:1 destinations:1 may:2 south:1 korean:1 market:1 unable:1 five:1 month:1 extensive:1 25:1 mile:1 stretch:1 link:1 jungle:1 oilfield:1 pacific:1 port:1 balao:1
|
ECUADOR TO ASK OPEC TO RAISE EXPORT QUOTA
Ecuador will ask OPEC to raise its oil
export quota by 100,000 barrels per day to 310,000 to
compensate for lost output due to last week's earthquake,
deputy Energy Minister Fernando Santos Alvite said.
Santos Alvite, who arrived in Caracas last night to discuss
an aid plan for Ecuador, did not say when the Organisation of
Petroleum Exporting Countries (OPEC) would be approached.
The additional output would be related to plans now under
discussion for Venezuela and Mexico to lend Ecuador crude while
it repairs a pipeline damaged by the quake.
Earlier, Venezuelan Energy and Mines Minister Aturo
Hernandez Grisanti said his country would supply an unspecified
part of Ecuador's export commitments.
But Santos Alvite told reporters he hoped a first cargo of
300,000 barrels could leave Maracaibo this weekend to supply
refineries near Guayaquil. He added Ecuador also wanted to make
up for 50,000 bpd it shipped to Caribbean destinations. Mexico
might supply Ecuador's South Korean market.
Ecuador may be unable to export oil for up to five months
due to extensive damage to a 25 mile stretch of pipeline
linking jungle oilfields to the Pacific port of Balao.
|
training/4131
|
training/4131 |@title u:1 k:1 money:1 market:1 give:1 442:1 mln:1 stg:1 help:1 |@word bank:4 england:1 say:1 provide:1 market:2 442:1 mln:4 stg:6 assistance:2 morning:1 offset:1 liquidity:1 shortage:1 estimate:1 1:3 60:1 billion:3 revise:1 55:1 buy:2 outright:1 eight:1 band:2 one:2 treasury:1 bill:3 five:1 10:2 3:1 8:1 pct:2 429:1 resale:1 discount:1 house:1 april:1 2:1 interest:1 rate:1 7:1 16:1 far:1 today:1 give:1 worth:1 total:1 501:1
|
U.K. MONEY MARKET GIVEN FURTHER 442 MLN STG HELP
The Bank of England said it provided the
market with a further 442 mln stg assistance during the morning
to offset a liquidity shortage it estimated at 1.60 billion
stg, revised up from 1.55 billion
The bank bought outright eight mln stg of band one treasury
bills and five mln stg of band one bank bills at 10-3/8 pct.
It bought a further 429 mln stg of bills for resale to the
discount houses on April 2 at an interest rate of 10-7/16 pct.
So far today, the bank has given the market assistance
worth a total of 1.501 billion stg.
|
training/4132
|
training/4132 |@title jacobs:1 suchard:1 expect:1 another:1 excellent:1 year:1 |@word jacobs:4 suchard:2 ag:1 jacz:1 z:1 hope:1 another:1 excellent:1 year:3 1987:1 27:1 pct:11 increase:4 1986:4 net:2 profit:4 result:2 first:1 month:1 show:1 head:1 right:1 direction:1 company:2 president:1 klaus:1 say:4 group:4 report:1 190:1 9:3 mln:4 swiss:1 franc:7 compare:1 150:1 4:1 1985:3 raise:1 dividend:1 per:1 bearer:1 share:3 160:1 155:1 far:1 exceed:1 target:1 five:1 real:1 annual:1 growth:2 make:2 possible:2 restructure:1 measure:1 introduce:1 january:1 also:1 major:1 acquisition:3 last:1 hermann:1 pohl:2 general:1 director:1 charge:1 economic:1 affair:1 2:3 7:1 decline:2 turnover:3 5:3 24:1 billion:5 due:2 currency:2 factor:1 negative:1 influence:1 partially:1 offset:1 operation:1 structural:1 change:1 within:1 coffee:1 business:1 fall:1 3:4 10:1 56:1 chocolate:1 sector:2 rise:2 14:1 1:1 82:1 tonnage:1 sell:1 high:2 price:1 lower:1 consumer:1 demand:1 especially:1 france:2 west:2 germany:2 market:2 44:1 39:1 largely:1 little:1 changed:1 25:2 average:1 tax:2 rate:1 32:1 28:1 8:1 despite:1 write:1 loss:1 new:1 level:1 expect:1 future:1 taxis:1 jump:1 51:1 92:1 61:1 previous:1
|
JACOBS SUCHARD EXPECTS ANOTHER EXCELLENT YEAR
Jacobs Suchard AG <JACZ.Z> hopes for
another excellent year in 1987 after a 27 pct increase in 1986
net profit. Results in the first few months show it heading in
the right direction, company president Klaus Jacobs said.
The group reported 1986 net profit of 190.9 mln Swiss
francs compared with 150.4 mln in 1985 and raised its dividend
per bearer share to 160 francs from 155 francs.
Jacobs said the increase in profit, which far exceeded the
company's target of five pct real annual growth, had been made
possible by restructuring measures introduced in January 1986
which had also made some major acquisitions possible last year.
Hermann Pohl, general director in charge of economic
affairs, said the 2.7 pct decline in group turnover to 5.24
billion francs was due to currency factors.
A 5.2 pct negative currency influence was partially offset
by growth in operations and by structural changes within the
group.
Turnover in the coffee business fell to 3.10 billion francs
from 3.56 billion in 1985 while turnover in the chocolate
sector rose to 2.14 billion francs from 1.82 billion. The
tonnage sold in both sectors declined due to higher prices and
lower consumer demand, especially in France and West Germany.
Jacobs Suchard increased its market share in West Germany
to 44.9 pct from 39.9 pct in 1985, largely as a result of
acquisitions. Market share in France was little changed at 25
pct against 25.3 pct.
Pohl said the group's average tax rate rose to 32.5 pct
from 28.8 pct because of the higher profits and despite
write-offs on the losses of new acquisitions. A further
increase in tax levels was expected in future.
Taxes jumped 51.3 pct to 92 mln francs in 1986 from 61 mln
the previous year.
|
training/4133
|
training/4133 |@title japan:1 firm:1 plan:1 sell:1 u:1 farmland:1 japanese:1 |@word japanese:5 real:1 estate:1 company:2 say:4 launch:1 campaign:1 sell:2 land:5 u:4 farm:3 area:1 rich:1 higashi:2 nippon:2 house:1 would:3 offer:1 around:1 2:1 200:1 acre:1 illinois:1 california:1 florida:1 indiana:1 early:1 april:1 gauge:1 response:1 set:1 international:1 corp:1 america:1 chicago:1 last:1 september:1 oversee:1 operation:1 american:1 farmer:3 continue:1 work:1 tenant:1 part:1 profit:1 harvest:1 rice:1 corn:1 soybean:1 orange:1 go:1 investor:2 rental:1 agriculture:2 ministry:1 official:1 tell:1 reuters:1 sale:2 limit:1 keep:1 agricultural:1 use:1 two:1 year:1 ago:1 begin:2 seek:1 farmland:3 japan:1 isao:1 nakamura:2 president:1 however:1 strictly:1 control:1 government:1 look:1 make:1 dream:1 come:1 true:1 hundred:1 exist:1 face:1 difficulty:1 due:1 recession:1
|
JAPAN FIRM PLANS TO SELL U.S. FARMLAND TO JAPANESE
A Japanese real estate company
said it will launch a campaign to sell land in U.S. Farming
areas to rich Japanese.
Higashi Nippon House said it would offer around 2,200 acres
of land in Illinois, California, Florida and Indiana from early
April to gauge response. It set up International Farm Corp of
America in Chicago last September to oversee the operation.
American farmers would continue as working tenants and part
of the profits from harvests of rice, corn, soybean and oranges
would go to the Japanese investors as rental.
Japanese Agriculture Ministry officials told Reuters sales
were limited to farmers to keep land in agricultural use.
'Two years ago, I began to seek my own farmland in Japan,'
said Isao Nakamura, president of Higashi Nippon. 'However, sale
of Japanese farmland is strictly controlled by the government,
so I began to look for the land in the U.S to make my dream to
own farm land come true.'
Nakamura said hundreds of companies exist in the U.S. To
sell farmland to investors as more and more farmers face
difficulties due to the recession in U.S. Agriculture.
|
training/4135
|
training/4135 |@title taft:1 tfb:1 reject:1 145:1 dlr:1 shr:1 offer:1 |@word taft:3 broadacasting:1 co:2 say:2 board:2 director:1 unanimously:1 decide:1 accept:1 pending:1 buyout:1 proposal:1 theta:1 corp:1 investor:1 group:1 lead:1 dudley:1 decision:1 base:1 among:1 thing:1 advice:1 financial:2 advisor:1 goldman:1 sachs:1 offer:2 145:1 dlrs:1 per:1 share:1 inadequate:1 conclude:1 fail:1 recognize:1 fully:1 future:1 propsect:1 company:1 direct:1 management:1 explore:1 alternative:1 include:1 possible:1 restructuring:1
|
TAFT <TFB> REJECTS 145 DLR/SHR OFFER
Taft Broadacasting Co said its
board of directors unanimously decided not to accept the
pending buyout proposal of <Theta Corp>, an investor group led
by Dudley Taft.
The decision was based on, among other things, the advice
of its financial advisors, Goldman Sachs and Co, that the offer
of 145 dlrs per share was inadequate.
Taft said the board concluded that the offer failed to
recognize fully the future propsects of the company and
directed management to explore alternatives including possible
financial restructuring.
|
training/4138
|
training/4138 |@title pakistan:1 could:1 import:1 100:1 000:1 tonne:1 palm:1 oil:1 |@word pakistan:3 likely:1 import:3 100:1 000:2 tonne:2 refined:1 bleach:1 deodorise:1 palm:2 oil:4 april:1 june:1 year:2 vegetable:1 dealer:1 say:2 would:2 finance:1 islamic:1 development:1 bank:1 idb:1 sign:1 agreement:1 earlier:1 week:1 jeddah:1 saudi:1 arabia:1 600:1 edible:1 since:1 beginning:1 current:1 financial:1 last:1 july:1 add:1 come:1 malaysia:1 indonesia:1
|
PAKISTAN COULD IMPORT 100,000 TONNES OF PALM OIL
Pakistan is likely to import 100,000
tonnes of refined, bleached and deodorised palm oil between
April and June this year, vegetable oil dealers said.
They said the import would be financed by the Islamic
Development Bank (IDB) which signed an agreement with Pakistan
earlier this week in Jeddah, Saudi Arabia.
Pakistan had imported 600,000 tonnes of edible oil since
the beginning of the current financial year last July, they
added. The palm oil would come from Malaysia or Indonesia.
|
training/4139
|
training/4139 |@title treasury:1 secretary:1 baker:1 decline:1 comment:1 g:1 6:1 u:1 |@word treasury:1 secretary:1 james:1 baker:3 decline:2 comment:2 february:1 22:1 paris:2 accord:2 six:1 major:1 industrial:1 nation:1 agree:1 foster:1 exchange:2 rate:1 stability:1 ask:1 reporter:1 speech:1 national:1 fitness:1 foundation:1 banquet:1 currency:1 intervention:2 level:1 set:1 reply:1 never:1 talk:1 also:1 view:1 foreign:1 market:1 reaction:1
|
TREASURY SECRETARY BAKER DECLINES COMMENT ON G-6
U.S. Treasury Secretary James Baker
declined comment on the February 22 Paris accord between the
six major industrial nations under which they agreed to foster
exchange rate stability.
Asked by reporters after a speech before the National
Fitness Foundation banquet what, if any, currency intervention
levels had been set in Paris, Baker replied: 'We never talk
about intervention.'
Baker also declined to comment on his views about the
foreign exchange markets' reaction to the accord.
|
training/4141
|
training/4141 |@title bel:1 fuse:1 inc:1 belf:1 4th:1 qtr:1 net:1 |@word shr:2 22:1 ct:4 vs:6 13:1 net:2 1:2 063:1 000:6 639:1 sale:2 7:1 489:1 4:1 656:1 year:1 55:1 28:1 2:1 633:1 343:1 23:1 3:1 mln:2 17:1 9:1
|
BEL FUSE INC <BELF> 4TH QTR NET
Shr 22 cts vs 13 cts
Net 1,063,000 vs 639,000
Sales 7,489,000 vs 4,656,000
Year
Shr 55 cts vs 28 cts
Net 2,633,000 vs 1,343,000
Sales 23.3 mln vs 17.9 mln
|
training/4142
|
training/4142 |@title southwest:1 realty:1 swl:1 year:1 loss:1 |@word shr:3 loss:2 44:1 ct:3 vs:3 profit:2 1:3 13:1 dlrs:3 net:1 544:1 000:4 3:1 912:1 note:1 cash:1 flow:1 010:1 29:1 2:1 835:1 82:1
|
SOUTHWEST REALTY <SWL> YEAR LOSS
Shr loss 44 cts vs profit 1.13 dlrs
Net loss 1,544,000 vs profit 3,912,000
NOTE: Cash flow 1,010,000 dlrs or 29 cts shr vs 2,835,000
dlrs or 82 cts shr.
|
training/4143
|
training/4143 |@title southwest:1 realty:1 swl:1 liquidity:1 problem:1 |@word southwest:6 realty:1 ltd:1 say:8 believe:1 could:5 make:3 schedule:1 montly:1 debt:4 service:3 payment:4 1987:3 despite:1 falloff:1 rental:1 operation:1 would:2 probably:1 severely:1 impair:1 liquidity:1 restrict:1 ability:1 maintain:1 quality:1 property:8 company:2 today:1 report:1 1986:2 loss:1 1:2 544:1 000:3 dlrs:4 compare:1 1985:1 profit:1 3:1 912:1 addition:1 monthly:1 scheduyled:1 743:1 dlr:1 loan:3 one:5 houston:4 due:1 mature:1 april:1 commitment:1 reduce:1 interest:2 rate:1 extend:1 year:3 accept:1 talk:2 underway:1 lender:2 obtain:1 partial:1 moratorium:1 grant:1 cut:1 cash:1 deficit:1 level:1 renegotiation:1 involve:3 bankruptcy:1 litigation:1 connect:1 specific:1 suspension:1 principal:1 attempt:1 restructure:1 succeed:1 lose:1 10:1 pct:2 current:2 value:2 equity:2 december:1 31:1 14:1 20:1 per:1 share:1 16:1 68:1 depend:1 success:1 operating:1 result:1 two:2 become:1 subject:1 similar:1 negotiation:1 additional:1 comprise:1 11:1 end:1
|
SOUTHWEST REALTY <SWL> HAS LIQUIDITY PROBLEMS
Southwest Realty Ltd said it believes it
could make all of its scheduled montly debt service payments
for 1987 despite the falloff in its rental operations, but
making the payments would probably severely impair its
liquidity and restrict its ability to maintain the quality of
its properties.
The company today reported a 1986 loss of 1,544,000 dlrs
compared with a 1985 profit of 3,912,000 dlrs.
Southwest said in addition to its monthly scheduyled debt
service payments, a 1,743,000 dlr loan on one of its Houston
properties is due to mature on April One.
Southwest said a commitment to reduce the interest rate and
extend the Houston loan for one year has been accepted.
It said talks are underway with lenders on other Houston
properties to obtain partial debt service moratoriums which, if
granted, would cut 1987 cash deficits from 1986 levels. The
loan renegotiations could involve bankruptcy or other
litigation connected with the specific properties involved and
could involve the suspension of interest and principal payments
to some of the lenders. Southwest said if the attempts to
restructure debt do not succeed, it could lose one or more of
the properties.
Southwest said the Houston properties made up about 10 pct
of its current value equity as of December 31 of 14.20 dlrs per
share, down from 16.68 dlrs a year before.
The company said depending on the success of the talks and
operating results for 1987, one or two more properties could
become subject to similar negotiations. The two additional
properties comprised about 11 pct of its current value equity
at year-end, Southwest said.
|
training/4144
|
training/4144 |@title h:1 holmes:1 co:1 ltd:1 hlme:1 set:1 payout:1 |@word qtly:1 div:1 12:2 1:2 2:2 ct:2 vs:1 prior:1 pay:1 april:1 one:1 record:1 march:1 20:1
|
D.H. HOLMES CO LTD <HLME> SETS PAYOUT
Qtly div 12-1/2 cts vs 12-1/2 cts prior
Pay April One
Record March 20
|
training/4145
|
training/4145 |@title pope:1 evans:1 per:1 repurchase:1 share:1 |@word pope:4 evans:4 robbins:1 inc:2 say:3 repurchase:1 780:1 000:3 common:1 share:3 putnam:2 mills:1 corp:1 principals:1 sidney:1 peter:1 kaplan:1 2:1 25:1 dlrs:5 per:1 purchase:1 price:1 apply:1 1:1 700:1 mill:1 currently:1 owe:1 merchandise:1 7:1 6:1 mln:3 outstanding:1 company:1 also:1 agree:1 principle:1 acquire:1 privately:1 hold:1 pat:4 fashions:1 industries:1 18:1 cash:1 note:1 financing:1 come:1 partly:1 bank:1 borrowing:1 subject:1 approval:1 board:1 shareholder:1 fashion:1 import:1 apparel:2 far:1 east:1 make:1 domestically:1 well:1 year:1 end:1 november:1 30:1 earn:1 5:1 400:1 pretax:1 sale:1 83:1 0:1
|
POPE EVANS <PER> REPURCHASES SHARES
Pope, Evans and Robbins Inc said it
has repurchased 780,000 common shares from Putnam Mills Corp
principals Sidney and Peter Kaplan for 2.25 dlrs per share.
It said the purchase price will be applied against the
1,700,000 dlrs Putnam Mills currently owes Pope Evans for
merchandise. Pope Evans has about 7.6 mln shares outstanding.
The company also said it has agreed in principle to acquire
privately-held Pat Fashions Industries Inc for 18 mln dlrs in
cash and notes, with financing to come partly from bank
borrowings, subject to approval by the Pope Evans board and Pat
shareholders.
Pat Fashions imports apparel from the Far East and makes
apparel domestically as well. In the year ended November 30,
Pat earned 5,400,000 dlrs pretax on sales of 83.0 mln dlrs.
|
training/4146
|
training/4146 |@title baird:1 batm:1 get:1 temporary:1 restraining:1 order:1 |@word baird:5 corp:1 say:3 massachusetts:3 state:1 court:2 suffolk:1 county:1 grant:1 temporary:2 restraining:2 order:2 prohibit:1 mark:4 iv:5 industries:1 inc:1 purchase:1 stock:2 complie:1 anti:1 takeover:2 statute:1 company:1 currently:1 least:1 17:1 6:1 pct:1 indicate:1 may:1 attempt:1 acquire:1 u:1 district:1 boston:1 deny:1 application:1 prevent:1 enforcement:1 law:1
|
BAIRD <BATM> GETS TEMPORARY RESTRAINING ORDER
Baird Corp said the Massachusetts state
court for Suffolk county has granted it a temporary restraining
order prohibiting Mark IV Industries Inc <IV> from further
purchases of Baird stock until Mark IV complies with the
Massachusetts Anti-Takeover Statute.
The company said Mark IV currently owns at least 17.6 pct
of Baird stock and has indicated that it may attempt to acquire
Baird.
Baird said the U.S. District Court in Boston has denied
Mark IV's application for a temporary restraining order to
prevent enforcement of the Massachusetts takeover law.
|
training/4147
|
training/4147 |@title jacobs:1 suchard:1 see:1 100:1 000:1 tonne:1 cocoa:1 surplus:1 |@word jacobs:1 suchard:1 ag:1 expect:3 world:3 cocoa:2 surplus:2 around:2 100:1 000:2 tonne:2 1987:1 compare:1 104:1 1986:1 jens:1 sroka:4 head:1 commodity:1 buying:1 tell:1 news:1 conference:2 company:1 price:4 remain:3 current:1 level:1 despite:1 likelihood:1 agreement:2 buffer:2 stock:3 rule:1 forthcoming:1 london:2 talk:3 believe:1 market:3 intervention:1 manager:1 would:2 stabilise:1 say:2 coffee:6 weak:1 international:1 fail:1 produce:1 stagnate:1 consumption:1 slight:1 overproduction:1 continue:2 weigh:1 forecast:1 build:1 recent:1 failure:1 surprise:1 observer:1 unless:1 reason:1 prevail:1 major:1 producer:2 return:1 table:1 free:1 consequence:1 dependant:1 foreign:1 exchange:1 earning:1 catastrophic:1 add:1
|
JACOBS SUCHARD SEES 100,000 TONNE COCOA SURPLUS
Jacobs Suchard AG expects a world cocoa
surplus of around 100,000 tonnes in 1987 compared with a
104,000 tonne surplus in 1986, Jens Sroka, head of commodity
buying, told a news conference.
The company expects prices to remain at around current
levels despite the likelihood of agreement on buffer stock
rules at the forthcoming London cocoa talks, and believes
market intervention by the buffer stock manager would stabilise
prices.
Sroka said world coffee prices are expected to remain weak
if any international coffee talks fail to produce agreement.
Sroka said stagnating consumption and slight overproduction
will continue to weigh on coffee prices and he forecast a
continued build-up in stocks.
The recent failure of the London coffee talks had surprised
market observers.
Unless reason prevails and the major producers return to
the conference table, the world coffee market will remain free
and the consequences for some producers dependant on coffee for
their foreign exchange earnings would be catastrophic, Sroka
added.
|
training/4148
|
training/4148 |@title dudley:2 taft:4 narragansett:2 capital:2 pursue:2 broadcasting:2 bid:2 |@word
|
DUDLEY TAFT AND NARRAGANSETT CAPITAL TO PURSUE TAFT BROADCASTING BID
DUDLEY TAFT AND NARRAGANSETT CAPITAL TO PURSUE TAFT BROADCASTING BID
|
training/4149
|
training/4149 |@title general:1 mining:1 union:1 corp:1 ltd:1 genm:1 j:1 year:1 net:1 |@word shr:1 616:1 ct:2 vs:7 481:1 final:1 div:1 150:1 140:1 make:1 230:1 195:1 pre:1 tax:2 705:1 4:1 mln:8 rand:1 485:1 2:3 net:1 591:1 7:2 458:1 0:1 79:1 82:1 attrib:1 outside:1 shareholder:1 123:1 52:1 3:1
|
GENERAL MINING UNION CORP LTD (GENM.J) YEAR NET
Shr 616 cts vs 481
Final div 150 cts vs 140, making 230 vs 195
Pre-tax 705.4 mln rand vs 485.2 mln
Net 591.7 mln vs 458.0 mln
Tax 79.2 mln vs 82.2 mln
Attrib to outside shareholders 123.7 mln vs 52.3 mln
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training/4150
|
training/4150 |@title u:2 retail:2 sale:4 rise:4 4:2 1:4 pct:4 feb:2 non:2 auto:2 5:2 |@word
|
U.S. RETAIL SALES ROSE 4.1 PCT IN FEB, NON-AUTO SALES ROSE 1.5 PCT
U.S. RETAIL SALES ROSE 4.1 PCT IN FEB, NON-AUTO SALES ROSE 1.5 PCT
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training/4152
|
training/4152 |@title u:2 retail:1 sale:1 rise:1 4:1 1:1 pct:1 february:1 |@word retail:4 sale:18 rise:9 4:10 77:1 billion:8 dlrs:8 1:12 pct:29 february:10 seasonally:1 adjust:1 122:1 29:1 commerce:1 department:7 say:5 increase:6 come:1 revise:2 7:4 drop:4 january:19 level:4 117:2 52:2 previously:1 report:2 fall:7 5:5 8:5 exclude:1 auto:3 0:10 spokesman:2 major:1 cause:1 revision:1 downward:1 weak:1 dealer:2 figure:1 originally:2 estimate:1 26:1 91:1 14:1 27:1 december:1 23:1 22:1 expiration:1 tax:2 deduction:1 new:1 law:1 main:1 reason:1 sales:1 durable:2 good:2 46:1 72:1 17:1 building:1 material:1 non:1 3:3 75:1 58:1 2:2 general:1 merchandise:1 store:5 6:2 two:1 food:1 decline:1 grocery:1 gasoline:1 service:1 station:1 9:1 apparel:1 last:1 month:1 eat:1 drinking:1 place:1 year:1 ago:1 09:1
|
U.S. RETAIL SALES RISE 4.1 PCT IN FEBRUARY
U.S. retail sales rose 4.77 billion
dlrs, or 4.1 pct, in February to a seasonally adjusted 122.29
billion dlrs, the Commerce Department said.
The increase came after a revised 7.4 pct drop in January
sales to a level of 117.52 billion dlrs. The department
previously reported January retail sales fell 5.8 pct.
Excluding autos, retail sales in February were up 1.5 pct
after falling by a revised 0.4 pct in January.
Department spokesmen said the major cause for the revision
downward in January sales was a weaker January auto dealer
sales figure than originally estimated.
Auto dealer sales were 26.91 billion dlrs in February, a
14.4 pct rise from January levels. But January sales dropped by
27.7 pct from December levels to 23.52 billion dlrs, more than
the 22.4 pct fall originally reported.
The expiration of the sales tax deduction under new tax
laws on January 1 was the main reason for the drop in January
sales, department spokesmen said.
Sales of durable goods rose in February by 8.8 pct to 46.72
billion dlrs after dropping by 17.7 pct in January.
Building materials rose 1.8 pct in February after falling
by 1.7 pct in January.
Non-durable goods sales rose by 1.3 pct to 75.58 billion
dlrs in February after falling by 0.2 pct in January, the
department said.
General merchandise stores rose 1.4 pct after increasing
sales by 1.6 pct in January, and department stores were up two
pct in February after rising 1.5 pct in January.
Food store sales increased 0.4 pct after declining by 1.0
pct in January, while grocery store sales increased 0.3 pct in
February after falling 0.6 pct in January.
Gasoline service station sales rose 2.0 pct in February
after a 1.9 pct January increase.
Apparel store sales were up 0.8 pct last month after
falling 3.0 pct in January, while sales at eating and drinking
places increased 1.5 pct after rising 0.5 pct in January.
February's retail sales were 4.4 pct above the year-ago
level of 117.09 billion dlrs, the department said.
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training/4153
|
training/4153 |@title dudley:1 taft:2 pursue:1 broadcast:1 tfb:1 bid:1 |@word taft:10 broadcasting:5 co:2 vice:1 chairman:1 dudley:2 narragansett:2 capital:1 inc:1 narr:1 say:5 intend:2 pursue:1 effort:1 acquire:1 broadcast:1 despite:1 rejection:1 yesterday:2 145:1 dlr:1 per:1 share:1 offer:3 board:3 joint:1 statement:1 explore:1 alternative:1 achieve:1 acquisition:1 include:1 talk:1 confident:1 conclude:2 resolution:1 company:1 current:1 unstable:1 situation:1 quickly:1 possible:1 good:1 interest:1 party:1 fair:1 shareholder:1 however:1 financial:1 advisor:1 goldman:1 sachs:1 find:1 inadequate:1
|
DUDLEY TAFT TO PURSUE TAFT BROADCAST <TFB> BID
Taft Broadcasting Co vice chairman
Dudley Taft and Narragansett Capital Inc <NARR> said they
intend to pursue their effort to acquire Taft Broadcasting
despite the rejection yesterday of their 145 dlr per share
offer by the Taft Broadcasting board.
Dudley Taft and Narragansett, in a joint statement, said
they intend to explore alternatives to achieve the acquisition,
including further talks with Taft Broadcasting.
They said they are confident that the Taft Broadcasting
board will conclude that the resolution of the company's
current 'unstable situation' as quickly as possible is in the
best interests of all parties.
They said the Taft board did not conclude that their offer
was not fair to Taft shareholders. Taft Broadcasting
yesterday, however, said financial advisor Goldman, Sachs and
Co found the offer to be inadequate.
|
training/4155
|
training/4155 |@title harper:1 group:1 harg:1 4th:1 qtr:1 net:1 |@word shr:2 24:1 ct:4 vs:8 31:1 net:3 2:2 245:1 000:9 885:1 revs:1 50:1 7:2 mln:4 46:1 5:2 avg:2 shrs:2 9:5 396:1 270:1 year:2 oper:2 96:1 99:1 8:1 994:1 220:1 rev:1 191:1 174:1 394:1 282:1 note:1 1985:1 exclude:1 1:1 360:1 dlr:1 loss:1 discontinued:1 operation:1 share:1 adjust:1 three:1 two:1 stock:1 split:1
|
HARPER GROUP <HARG> 4TH QTR NET
Shr 24 cts vs 31 cts
Net 2,245,000 vs 2,885,000
Revs 50.7 mln vs 46.5 mln
Avg shrs 9,396,000 vs 9,270,000
Year
Oper shr 96 cts vs 99 cts
Oper net 8,994,000 vs 9,220,000
Revs 191.5 mln vs 174.7 mln
Avg shrs 9,394,000 vs 9,282,000
NOTE: 1985 year net excludes 1,360,000 dlr loss from
discontinued operations.
Share adjusted for three-for-two stock split.
|
training/4156
|
training/4156 |@title canada:1 leader:1 fail:1 set:1 pact:1 free:1 trade:1 |@word prime:1 minister:1 brian:2 mulroney:4 say:8 hold:2 frank:1 discussion:2 canadian:2 province:3 premier:6 pace:1 free:1 trade:3 talk:5 united:2 states:2 longstanding:1 issue:1 provincial:2 ratification:2 remain:2 settle:1 speak:1 reporter:1 nearly:2 five:1 hour:1 meeting:2 10:2 would:2 june:2 september:1 discuss:1 role:2 approve:1 new:2 deal:2 maintain:1 progress:3 make:4 sweeping:1 unites:1 state:1 get:1 two:2 year:2 ago:1 appear:2 reasonable:1 alberta:1 getty:1 agree:1 thing:2 run:1 pretty:1 quickly:1 launch:1 progressive:1 conservative:1 government:2 concern:1 protectionist:1 sentiment:1 u:1 aim:1 reduce:1 barrier:2 world:1 large:1 trading:2 partnership:1 expect:2 play:1 major:1 arrangement:1 leader:1 complain:1 lack:1 reach:2 formula:2 view:1 think:1 right:1 along:1 question:1 substance:1 agreement:2 comment:1 ontario:2 david:1 peterson:2 highly:1 critical:1 past:1 newfoundland:1 peckford:2 likely:1 emerge:1 consensus:1 need:1 hard:1 fast:1 canada:1 prepared:1 concession:1 financial:1 service:1 order:1 inroad:1 bargaining:1 area:1 agriculture:1 publish:1 report:1 quote:1 source:1 country:1 close:1 involve:1 eliminate:1 border:1 tariff:2 many:1 non:1 next:1 12:1 rough:1 draft:1 accord:1 present:2 finished:1 document:1 hope:1 congress:1 october:1 tight:1 time:1 frame:1 last:1 night:1 moment:1 tough:1 transpire:1
|
CANADA LEADERS FAIL TO SET PACT ON FREE TRADE
Prime Minister Brian Mulroney said he
held 'frank' discussions with the Canadian province premiers on
the pace of free trade talks with the United States, but the
longstanding issue of provincial ratification remains to be
settled.
Speaking to reporters after nearly five hours of meetings
with the 10 premiers, Mulroney said further discussions would
be held in June and September to discuss the role of the
provinces in approving any new trade deal.
But he maintained progress was being made in the sweeping
talks with the Unites States that got under nearly two years
ago.
'It appears reasonable progress is being made (in the
talks),' Mulroney said.
Alberta Premier Don Getty agreed, 'Things are running pretty
quickly now.'
The talks, launched by Mulroney's Progressive Conservative
government after concerns about protectionist sentiment in the
U.S., are aimed reducing the remaining barriers between the
world's largest trading partnership.
But the provinces are expected to play a major role in any
new trading arrangement, and some of the provincial leaders
complained of a lack of progress on reaching a ratification
formula.
'It's my view that we should be thinking about these things
right now, along with the questions of the substance of the
agreement,' commented Ontario Premier David Peterson, who has
been highly critical of the talks in the past.
But Newfoundland Premier Brian Peckford said an agreement
was more likely to emerge by consensus and there would be no
need for a 'hard and fast formula.'
Peckford said it appears Canada is prepared to make
concessions to the United States on financial services in order
to make inroads on other bargaining areas, such as agriculture.
Canadian published reports, quoting government sources, say
the two countries are close to reaching a trade deal and it
will involve eliminating border tariffs and many non-tariff
barriers over the next 10 to 12 years.
A rough draft of the accord is expected to be presented to
the premiers at the June meeting while the finished document is
hoped to be presented to Congress in October.
'It's a very tight time frame,' Ontario's Peterson said last
night. 'But at this moment it is tough to say what will
transpire.'
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training/4157
|
training/4157 |@title healthsouth:1 rehabilitation:1 corp:1 hsrc:1 4th:1 qtr:1 |@word shr:2 profit:4 eight:1 ct:4 vs:6 loss:4 10:1 net:2 622:1 000:7 564:1 revs:2 7:1 508:1 1:2 913:1 year:1 15:1 28:1 933:1 548:1 19:1 8:1 mln:1 4:1 799:1
|
HEALTHSOUTH REHABILITATION CORP <HSRC> 4TH QTR
Shr profit eight cts vs loss 10 cts
Net profit 622,000 vs loss 564,000
Revs 7,508,000 vs 1,913,000
Year
Shr profit 15 cts vs loss 28 cts
Net profit 933,000 vs loss 1,548,000
Revs 19.8 mln vs 4,799,000
|
training/4158
|
training/4158 |@title baldrige:1 oppose:1 japanese:1 purchase:1 firm:1 |@word commerce:1 secretary:2 malcolm:1 baldrige:2 ask:2 white:2 house:2 consider:2 block:1 plan:1 japanese:4 acquisition:1 major:2 u:5 supercomputer:2 semiconductor:2 manufacturer:2 national:1 security:1 reason:1 official:3 say:4 name:1 yesterday:1 serious:1 concern:1 sale:4 fairchild:2 corp:1 fujitsu:1 ltd:1 another:1 electronics:1 firm:1 tell:1 reuter:1 go:1 could:1 leave:1 military:1 overly:1 dependent:1 foreign:2 ompany:1 vital:1 high:2 technology:2 equipment:1 use:2 advanced:1 missile:1 aircraft:1 electronic:1 intelligence:1 gathering:1 addition:1 would:2 also:1 worsen:1 already:1 strain:1 trade:1 relation:1 japan:1 stem:1 huge:1 surplus:1 economic:1 policy:1 council:1 come:1 week:1 defense:1 caspar:1 weinberger:1 position:1 immediately:1 know:1 past:1 oppose:1 transfer:1 government:3 company:1 make:1 widely:1 throughout:1 world:1 none:1 sell:1 run:1 agency:1 university:1
|
BALDRIGE OPPOSES JAPANESE PURCHASE OF FIRM
Commerce Secretary Malcolm Baldrige
has asked the White House to consider blocking the planned
Japanese acquisition of a major U.S. supercomputer and
semiconductor manufacturer for national security reasons, U.S.
officials said.
The officials, who asked not to be named, said yesterday
that Baldrige has 'serious concerns' about the sale of Fairchild
Semiconductor Corp. to Fujitsu Ltd., another major electronics
firm.
The officials told Reuters that if the sale went through it
could leave the U.S. military overly dependent on a foreign
/ompany for vital high technology equipment used in its
advanced missiles, aircraft electronics and intelligence
gathering.
In addition, they said, the sale would also worsen the
already strained trade relations between the U.S. and Japan
stemming from the huge Japanese surplus.
The White House Economic Policy Council would consider the
sale in the coming weeks, they said.
Defense Secretary Caspar Weinberger's position was not
immediately known but in the past he has opposed the transfer
of high technology to foreign governments and companies.
Supercomputers made by Fairchild and other U.S.
manufacturers are widely used throughout the world, but none
have been sold to the Japanese government or to Japanese
government-run agencies and universities.
|
training/4159
|
training/4159 |@title first:1 union:1 func:1 acquisition:1 advance:1 |@word first:3 union:2 corp:1 say:2 shareholder:1 north:1 port:1 bancorp:1 northport:1 fla:1 approve:1 merger:1 40:1 dlrs:2 per:1 share:1 5:1 100:1 000:1 company:1 acquisition:1 still:1 subject:1 regulatory:1 approval:1 expect:1 complete:1 second:1 quarter:1
|
FIRST UNION <FUNC> ACQUISITION ADVANCES
First Union Corp said
shareholders of First North Port Bancorp of Northport, Fla.,
have approved a merger into First Union for 40 dlrs per share,
or about 5,100,000 dlrs.
The company said the acquisition is still subject to
regulatory approvals and is expected to be completed during the
second quarter.
|
training/416
|
training/416 |@title swiss:1 sight:1 deposit:1 rise:1 3:1 10:1 billion:1 franc:1 |@word sight:2 deposit:3 commercial:1 bank:4 swiss:3 national:3 rise:2 3:2 10:3 billion:7 franc:4 53:1 last:1 day:1 february:1 say:2 foreign:2 exchange:2 reserve:2 fall:2 06:1 30:1 64:1 important:1 measure:1 money:1 market:1 liquidity:1 decline:1 reflect:1 dismantling:1 swap:1 arrangement:1 banknote:1 circulation:1 834:1 mln:1 24:1 79:1 call:1 mainly:1 government:1 fund:1 1:2 60:1 04:1
|
SWISS SIGHT DEPOSITS RISE 3.10 BILLION FRANCS
Sight deposits by commercial banks at the
Swiss National Bank rose by 3.10 billion Swiss francs to 10.53
billion in the last 10 days of February, the National Bank
said.
Foreign exchange reserves fell 3.06 billion francs to 30.64
billion.
Sight deposits are an important measure of Swiss money
market liquidity.
The decline in foreign exchange reserves reflected the
dismantling of swap arrangements, the National Bank said.
Banknotes in circulation rose by 834 mln francs to 24.79
billion while other deposits on call - mainly government funds
- fell 1.60 billion francs to 1.04 billion.
|
training/4160
|
training/4160 |@title sand:1 technology:1 sndcf:1 mull:1 reverse:1 split:1 |@word sand:9 technology:3 systems:2 inc:2 say:8 consider:1 reverse:1 stock:4 split:1 least:1 one:3 10:1 expect:2 report:2 second:5 quarter:8 profit:3 compare:1 loss:2 last:4 year:7 consolidation:1 something:1 discuss:1 definite:1 president:1 jerry:1 shattner:8 tell:1 reuter:1 interview:1 private:1 placement:1 recently:1 bring:1 number:1 outstanding:1 share:5 106:1 mln:7 97:1 1:3 july:1 31:2 1986:1 fiscal:4 yearend:1 company:6 always:1 aura:1 penny:1 add:2 plan:3 time:1 apply:1 list:1 montreal:1 exchange:1 five:1 pct:1 350:2 000:1 dlrs:10 sale:5 seven:1 end:1 january:1 result:3 third:1 lose:2 243:1 064:1 revenue:1 7:1 012:1 195:1 disastrous:1 first:2 hope:1 break:1 even:1 current:1 scale:1 back:1 forecast:1 25:1 33:1 5:1 project:1 december:1 rapid:1 appreciation:1 japanese:2 yen:2 u:2 canadian:1 dollar:2 lead:1 2:1 two:1 ct:2 per:2 24:1 9:1 387:1 3:1 570:1 585:1 believe:1 post:1 well:1 due:1 several:1 factor:1 big:1 problem:1 buy:2 product:3 hitachi:2 start:1 show:1 sell:1 trademark:1 computer:3 accessory:1 disk:1 drive:1 solid:1 state:1 memory:1 enhancement:1 device:1 printer:2 manufacture:1 ltd:1 hit:1 japan:1 affiliate:1 detroit:1 st:1 develop:1 software:1 let:1 large:2 maniframe:1 handle:1 database:1 application:1 also:2 distribute:1 new:1 call:1 sapiens:1 artificial:1 intelligence:1 language:1 use:1 major:1 corporation:1 reduce:1 cost:1 staff:2 cut:1 switch:1 sharing:1 instead:1 straight:1 commission:1 market:1 laser:1 fourth:1
|
SAND TECHNOLOGY <SNDCF> MULLING REVERSE SPLIT
Sand Technology Systems Inc said it is
considering a reverse stock split of at least one-for-10 and
expects to report a second-quarter profit, compared to a loss
last year.
The stock consolidation 'is something we're discussing, but
it's not definite,' Sand Technology president Jerry Shattner
told Reuters in an interview.
A private placement recently brought the number of
outstanding shares to 106 mln, up from 97.1 mln shares on July
31, 1986, the fiscal yearend.
'The company has always had the aura of a penny stock,'
Shattner said, adding that Sand plans, at some time, to apply
for listing on the Montreal Stock Exchange.
Shattner said the company expects to report a profit of
five pct, or about 350,000 dlrs, on sales of seven mln dlrs,
for the second quarter ended January 31. Results for the third
quarter should be about the same as the second, he added.
Last year, Sand lost 243,064 dlrs on revenues of 7,012,195
dlrs in the second quarter.
After 'a disastrous first quarter,' Sand hopes to break even
in the current fiscal year, Shattner said. The company has
scaled back its sales forecast to about 25 mln dlrs, from the
33.5 mln dlrs projected in December.
The rapid appreciation of the Japanese yen against U.S. and
Canadian dollars last year led to Sand's loss of 2.1 mln dlrs,
or two cts per share, on sales of 24.9 mln dlrs.
In the first fiscal quarter this year, the company lost
1,350,387 dlrs, or one ct per share, on sales of 3,570,585
dlrs.
Shattner believes the company will post better results this
year due to several factors.
'Last year, one of our biggest problems was we were buying
products in Japanese yen. We now buy some products from Hitachi
in U.S. dollars and the results are starting to show up in the
second quarter,' he said.
Sand Technology sells, under its trademark, computer
accessories such as disk drives, solid-state memory enhancement
devices and printers manufactured by Hitachi Ltd <HIT> of
Japan.
Shattner said Sand's affiliate in Detroit, ST Systems Inc,
is developing software that lets large maniframe computers
handle large databases and share them between applications.
It is also distributing a new product called Sapiens, which
is artificial intelligence computer language for use by major
corporations.
The company has also reduced costs through some staff
cutting and a switch to profit sharing plans for sales staff
instead of straight commissions, Shattner said.
And Sand plans to market a laser printer in the fourth
fiscal quarter, Shattner said.
|
training/4161
|
training/4161 |@title concorde:1 ventures:1 inc:1 merger:1 agreement:1 |@word concorde:1 ventures:1 inc:2 say:2 sign:1 letter:1 intent:1 acquire:1 englewood:1 colo:1 homebuilder:1 winley:2 12:1 mln:3 common:1 share:2 investment:1 company:2 merger:1 combine:1 15:1 outstanding:1 year:1 end:1 january:1 31:1 earn:1 116:1 000:1 dlrs:2 pretax:1 revenue:1 11:1 7:1
|
<CONCORDE VENTURES INC> IN MERGER AGREEMENT
Concorde Ventures Inc said it has signed
a letter of intent to acquire Englewood, Colo., homebuilder
Winley Inc for 12 mln common shares.
The investment company said after the merger the combined
company will have 15 mln shares outstanding.
For the year ended January 31, Winley earned 116,000 dlrs
pretax on revenues of 11.7 mln dlrs.
|
training/4162
|
training/4162 |@title dune:1 resources:1 dnlaf:1 reserve:1 rise:1 1986:1 |@word dune:1 resources:1 ltd:1 say:3 oil:2 reserve:4 increase:1 225:1 pct:2 1986:1 natural:1 gas:2 six:1 company:1 prove:1 estimate:2 605:1 682:1 barrel:3 december:1 31:2 186:1 655:1 year:2 earlier:1 boost:1 discovery:2 put:1 423:1 659:1 rise:1 8:3 mln:3 cubic:4 foot:4 3:2 dec:1 1985:1 nearly:1 1:1 partialy:1 offset:1 production:1 287:1 391:1 downward:1 revision:1 previous:1 total:1 491:1 694:1
|
DUNE RESOURCES <DNLAF> RESERVES ROSE IN 1986
Dune Resources Ltd said its oil
reserves increased 225 pct during 1986 while its natural gas
reserves were up six pct.
The company said its proven oil reserves were estimated at
605,682 barrels on December 31, up from 186,655 barrels a year
earlier boosted by discoveries during the year put at 423,659
barrels.
It said gas reserves rose to 8.8 mln cubic feet from 8.3
mln on Dec 31, 1985, as discoveries of nearly 1.3 mln cubic
feet were partialy offset by production of 287,391 cubic feet
and downward revisions of previous estimates totaling 491,694
cubic feet.
|
training/4164
|
training/4164 |@title borg:2 warner:2 sell:2 industrial:2 product:2 business:2 240:2 mln:2 dlrs:2 |@word
|
BORG-WARNER TO SELL INDUSTRIAL PRODUCTS BUSINESS FOR ABOUT 240 MLN DLRS
BORG-WARNER TO SELL INDUSTRIAL PRODUCTS BUSINESS FOR ABOUT 240 MLN DLRS
|
training/4165
|
training/4165 |@title japan:1 economy:1 may:1 near:1 bottom:1 economist:1 say:1 |@word bad:4 may:7 japan:4 batter:1 economy:10 economist:10 say:18 expect:4 vigorous:1 recovery:3 anytime:1 soon:1 japanese:2 bank:5 poll:1 reuters:1 18:1 month:6 old:1 slowdown:1 likely:1 end:5 first:2 half:2 year:13 help:2 rise:10 export:4 step:1 government:9 spending:2 fall:2 price:2 bottom:2 middle:1 sumitomo:1 ltd:3 chief:1 masahiko:1 koido:1 industrial:2 senior:3 susumu:1 taketomi:3 agree:1 offing:1 add:2 slow:1 growth:2 fiscal:2 begin:1 next:3 pick:1 2:5 pct:10 two:3 current:2 sign:2 weather:2 increase:1 volume:1 slightly:1 basis:1 decline:2 toward:1 last:7 although:2 due:1 extraordinary:1 factor:1 sharp:1 car:1 rebuild:1 depleted:1 european:1 stock:1 several:1 could:2 mark:1 beginning:1 production:1 0:4 7:1 january:1 much:1 small:2 forecast:1 3:1 february:1 6:2 march:1 survey:1 release:2 week:2 show:3 corporate:1 earning:1 near:1 paris:2 currency:2 accord:1 foster:1 hope:1 rapid:1 yen:3 come:2 six:1 nation:1 u:4 k:1 canada:1 france:1 west:1 germany:1 pledge:1 stabilise:2 around:2 level:1 40:1 climb:1 dollar:1 hit:1 drive:1 hard:1 force:1 company:1 raise:2 lose:1 sale:2 market:1 important:1 thing:1 exchange:1 rate:1 firm:1 grow:1 confident:1 investment:1 plant:1 equipment:1 yet:1 stable:1 would:3 also:3 exporter:1 regain:1 competitive:1 edge:1 start:1 recover:1 domestically:1 get:1 boost:3 loosening:1 tight:1 policy:1 haruo:1 muto:1 manager:1 national:1 economic:2 tokyo:1 reading:1 health:1 early:1 gnp:2 figure:3 quarter:12 1986:3 private:1 5:2 previous:1 third:1 official:3 fourth:6 surprise:1 one:1 point:1 statistical:2 aberration:1 significant:1 shift:1 activity:1 maintain:1 1:1 final:2 1985:2 strong:1 probably:2 anomaly:1 repeat:1 distort:1 gold:1 coin:3 second:1 classify:1 legal:1 tender:1 purchase:1 statistic:1 consumer:2 expenditure:1 tail:1 december:1 normal:1 bonus:1 buy:1 back:1 retailer:1 unsold:1 contribution:1 receive:1 buying:1 farm:1 product:1 domestic:2 crop:1 good:1 performance:1 sector:2 generally:1 external:1 well:1
|
JAPAN ECONOMY MAY BE NEAR BOTTOM, ECONOMISTS SAY
The worst may be just about over for
Japan's battered economy but economists said they do not expect
a vigorous recovery anytime soon. Japanese bank economists
polled by Reuters said the economy's 18 month-old slowdown is
likely to end in the first half of this year, helped by rising
exports, stepped-up government spending and falling prices. 'The
economy will bottom out in the middle of the year,' said
Sumitomo Bank Ltd chief economist, Masahiko Koido.
Industrial Bank of Japan Ltd senior economist Susumu
Taketomi agreed. 'It (the bottom) is in the offing,' he said.
But he added that the recovery will be slow. Growth in the
fiscal year beginning next month will only pick-up 2.2 pct,
from two pct in the current year, he said.
Signs that the economy has just about weathered the worst
are increasing.
The volume of exports in the first two months of the year
rose slightly on a year-on-year basis, after declining toward
the end of last year.
Although this may be due to extraordinary factors such as a
sharp rise in car exports to rebuild depleted European stocks,
several economists said it could mark the beginning of a
recovery.
Industrial production fell 0.7 pct in January, much smaller
than expected, and is forecast by the government to rise 0.3
pct in February and 2.6 pct in March. A Bank of Japan survey
released last week showed that the decline in Japanese
corporate earnings may be nearing its end.
And the Paris currency accord last month has fostered hopes
the rapid yen rise has come to the end, they said.
Six nations - the U.K., Canada, France, Japan, the U.S. And
West Germany - pledged in Paris last month to stabilise
currencies around current levels.
The yen's 40 pct climb against the dollar over the last two
years has hit the export-driven economy hard, by forcing its
companies to raise prices and lose sales in the U.S. Market.
'The important thing is the exchange rate,' Taketomi said.
If it stabilises firms will grow more confident and raise
investment in plant and equipment, although there are no signs
of that yet, economists said.
A stable yen would also help exporters regain some of their
competitive edge just as the U.S economy may be starting to
recover, economists said.
Domestically, the economy may get a boost from some
loosening of the government's tight fiscal policy said Haruo
Muto, manager of national economics at the Bank of Tokyo Ltd.
The next reading of the economy's health should come early
next week with the release of gnp figures for the last quarter,
1986.
Most private economists expect a rise of about 0.5 pct from
the previous quarter. In the third quarter, GNP rose 0.6 pct.
But a senior government official said the fourth quarter
figures could surprise by showing a rise of more than one point
quarter-on-quarter. But he added that would be a statistical
aberration and not a significant shift in economic activity.
To maintain year-on-year growth of around 2.5 pct, the
economy would have had to rise about 1.2 pct in the fourth
quarter as the final quarter of 1985 was strong.
The rise in the fourth quarter of 1985 was probably a
statistical anomaly that was repeated in the final months of
1986, the official said.
Economists said the fourth quarter figures were also
distorted by the government's sale of gold coins in the second
half of 1986.
Because the coins were classified as legal tender, their
purchase did not show up in the statistics on consumer
expenditure. Consumer spending also tailed off in December
because of bad weather and smaller-than-normal end-year
bonuses, they said.
As the government had to buy back some of the coins from
retailers because they were unsold, the government's
contribution to the economy in the fourth quarter may have been
boosted, economists said.
Taketomi said it may have received a further boost from
government buying of farm products as the domestic crop last
year was good.
The senior government official said the fourth quarter
performance of the domestic sector was probably worse than
generally expected, while that of the external sector was
better.
|
training/4167
|
training/4167 |@title qintex:1 extend:1 princeville:1 pvdc:1 offer:1 |@word qintex:3 america:1 ltd:1 say:3 extend:2 offer:3 13:1 dlrs:1 share:3 3:2 mln:2 princeville:3 development:1 corp:1 today:1 yesterday:2 report:1 seven:1 tender:1 response:1 allow:1 comply:1 federal:1 law:1 restrict:1 ownership:1 u:2 airline:1 non:1 citizen:1 finalize:1 term:1 condition:1 letter:1 credit:1 bank:1 guarantee:1 require:1 previously:1 announce:1 acquisition:1 agreement:1
|
QINTEX EXTENDS PRINCEVILLE <PVDC> OFFER
<Qintex America Ltd> said it is again
extending its offer of 13 dlrs a share for 3.3 mln Princeville
Development Corp shares until today from yesterday.
As reported yesterday, Qintex said, about seven mln
Princeville shares had been tendered in response to the offer.
Qintex said it is extending the offer to allow Princeville
to comply with federal law restricting the ownership of U.S.
airlines by non-U.S. citizens and to finalize the terms and
conditions of the letter of credit or bank guarantee required
under the previously announced acquisition agreement.
|
training/4169
|
training/4169 |@title correct:1 network:1 video:1 inc:1 nvid:1 3rd:1 qtr:1 |@word feb:1 28:1 end:1 shr:2 five:1 ct:4 vs:8 one:1 net:2 161:1 019:1 50:1 745:1 revs:2 1:2 048:1 543:1 478:2 700:1 avg:2 shrs:2 3:2 217:2 500:2 4:2 350:2 000:2 nine:1 mth:1 12:1 four:1 390:1 179:1 169:1 275:1 2:1 658:1 692:1 066:1 note:1 correct:1 reverse:1 figure:1 march:1 11:1 item:1
|
CORRECTED-NETWORK VIDEO INC <NVID> 3RD QTR
Feb 28 end
Shr five cts vs one ct
Net 161,019 vs 50,745
Revs 1,048,543 vs 478,700
Avg shrs 3,217,500 vs 4,350,000
Nine mths
Shr 12 cts vs four cts
Net 390,179 vs 169,275
Revs 2,658,692 vs 1,478,066
Avg shrs 3,217,500 vs 4,350,000
NOTE: Corrects reversed figures in March 11 item.
|
training/417
|
training/417 |@title 2:2 mar:2 1987:2 09:2 39:2 50:2 97:2 |@word
|
2-MAR-1987 09:39:50.97
2-MAR-1987 09:39:50.97
|
training/4170
|
training/4170 |@title banker:1 oppose:1 strict:1 taiwan:1 currency:1 control:1 |@word taiwan:4 impose:1 currency:4 control:3 today:1 banker:2 call:1 desperate:1 move:1 prevent:1 speculation:2 dollar:2 appreciate:1 u:2 strict:1 require:1 proof:1 large:1 remittance:3 connect:1 commercial:1 transaction:1 rather:1 attack:1 ineffective:1 say:1 panic:1 reaction:1 pressure:1 washington:1 fast:1 appreciation:1 would:1 slow:1 export:2 united:1 states:1 exceed:1 one:1 mln:1 dlrs:2 earn:1 ship:1 insurance:1 bank:1 lending:1 need:1 government:1 approval:1 along:1 10:1 000:1 source:1
|
BANKERS OPPOSE STRICT TAIWAN CURRENCY CONTROLS
Taiwan imposed currency controls today
in what bankers called a desperate move to prevent speculation
as the Taiwan dollar appreciated against the U.S. currency.
The strict controls will require proof that large
remittances to Taiwan are connected to commercial transactions
rather than currency speculation.
Bankers attacked the controls as ineffective, saying they
were a panic reaction to pressure from Washington for faster
appreciation of the Taiwan currency against the U.S. dollar,
which would slow exports to the United States.
Remittances exceeding one mln dlrs earned through exports,
shipping, insurance or bank lending will now need government
approval, along with remittances of more than 10,000 dlrs from
any other source.
|
training/4171
|
training/4171 |@title saudi:1 supertanker:1 report:1 hit:1 iran:1 uae:1 |@word iran:1 attack:2 saudi:2 arabian:3 supertanker:1 sea:2 united:1 arab:1 emirates:1 last:1 night:1 vessel:1 able:1 proceed:1 incident:1 lloyds:2 shipping:1 intelligence:1 report:1 315:1 695:1 dwt:1 set:1 sail:1 tuesday:1 load:1 oil:1 port:1 ras:1 tannurah:1 say:1 occur:1 2200:1 hrs:1 local:1 time:1 1800:1 gmt:1
|
SAUDI SUPERTANKER REPORTED HIT BY IRAN OFF UAE
Iran attacked the Saudi Arabian
supertanker Arabian Sea off the United Arab Emirates last night
but the vessel was able to proceed after the incident, Lloyds
Shipping Intelligence reported.
The 315,695-dwt Arabian Sea had set sail on Tuesday after
loading oil at the Saudi port of Ras Tannurah. Lloyds said the
attack occurred at about 2200 hrs local time (1800 GMT).
|
training/4172
|
training/4172 |@title taiwan:1 relax:1 import:1 curb:1 good:1 |@word taiwan:5 relax:2 import:2 control:1 foreign:2 good:2 government:1 spokesman:1 say:3 today:1 move:2 allow:1 great:1 access:1 market:1 overseas:1 trading:2 partner:2 especially:1 united:2 states:2 official:2 council:1 economic:1 planning:1 development:1 tell:1 reuters:1 curb:2 400:1 include:1 stationery:1 book:1 would:2 soon:1 announce:1 ease:1 600:1 farming:1 industrial:1 product:1 last:2 month:1 intend:1 balance:1 trade:2 surplus:1 reach:1 record:1 15:1 6:1 billion:2 dlrs:1 year:1 10:1 62:1 1985:1
|
TAIWAN TO RELAX IMPORT CURBS ON MORE GOODS
Taiwan will relax import controls on
more foreign goods, a government spokesman said today.
The move was to allow greater access to Taiwan markets by
overseas trading partners, especially the United States, an
official of the Council for Economic Planning and Development
told Reuters.
Import curbs on about 400 foreign goods, including
stationery and books, would soon be relaxed, he said.
Taiwan announced it would ease curbs on some 600 farming
and industrial products last month.
The official said the moves were intended to balance trade
between Taiwan and the United States and other trading
partners. Taiwan's trade surplus reached a record 15.6 billion
dlrs last year, up from 10.62 billion in 1985.
|
training/4173
|
training/4173 |@title u:2 k:2 retailer:1 see:1 growth:1 consumer:1 spending:1 |@word retailer:4 expect:6 consumer:1 spending:1 accelerate:1 march:6 disappointing:1 increase:1 february:2 accord:1 monthly:1 survey:4 confederation:1 british:1 industry:1 cbi:1 fifty:1 nine:1 pct:4 325:1 question:1 late:1 distributive:2 trade:1 sale:7 high:2 1986:1 six:1 low:1 chairman:1 trades:1 panel:1 nigel:1 whittaker:1 say:3 favourable:1 budget:1 next:1 week:2 would:1 help:1 summer:1 figure:1 release:1 earlier:1 show:1 retail:1 january:1 fall:1 2:2 mainly:1 due:1 exceptionally:1 cold:1 weather:1 recover:1 much:1 look:1 well:1 business:1 today:1 report:2 clothing:1 store:1 optimistic:1 80:1 year:1 ago:1 wholesaler:2 also:1 strong:1 slow:1 growth:1 import:1 penetration:1
|
U.K. RETAILERS SEE GROWTH IN CONSUMER SPENDING
U.K. Retailers expect consumer spending
to accelerate in March after a disappointing increase in
February, according to a monthly survey by the Confederation of
British Industry (CBI).
Fifty-nine pct of the 325 retailers questioned for the
latest Distributive Trades Survey expected sales to be higher
in March than they were in March 1986, with only six pct
expecting lower sales.
The chairman of the Distributive Trades Survey Panel, Nigel
Whittaker, said a favourable Budget next week would further
help sales during the summer.
Figures released earlier this week showed retail sales in
January fell 2.2 pct, mainly due to exceptionally cold weather.
'Sales did not recover in February as much as retailers had
expected, and they are now looking for better business in
March,' today's survey said.
It reported clothing stores were the most optimistic, with
80 pct expecting sales in March to be higher than a year ago.
Wholesalers also expected stronger sales in March, while
both retailers and wholesalers reported slower growth in import
penetration, it said.
|
training/4174
|
training/4174 |@title japan:1 firm:1 renew:1 iran:1 term:1 contract:1 |@word japanese:6 company:3 decide:1 renew:3 term:3 contract:4 lift:5 iranian:4 crude:9 oil:8 spot:6 price:15 remain:2 considerably:2 low:2 opec:11 official:8 level:3 industry:1 source:3 say:14 cargo:2 mideast:1 benchmark:1 dubai:3 trade:1 yesterday:2 16:2 50:2 dlrs:6 barrel:2 compare:1 17:4 42:1 one:4 second:3 quarter:3 total:1 185:1 000:3 per:1 day:1 bpd:3 firm:1 agree:2 10:1 15:2 move:2 could:1 inspire:1 iran:1 offer:1 discount:2 load:1 april:2 likelihood:1 depend:1 largely:1 go:1 30:1 would:3 probably:1 buy:1 refiner:3 intend:1 put:1 pressure:2 add:3 buyer:2 little:1 incentive:1 grade:1 trader:2 higher:1 problem:3 find:2 purchase:1 qatar:2 charter:1 float:1 storage:1 march:1 likely:1 recur:1 country:2 surplus:1 iraq:1 dissociate:1 december:2 production:1 agreement:2 fix:1 analyst:1 keep:1 group:1 output:1 close:1 first:1 half:1 1987:1 ceiling:1 8:1 mln:1 supply:1 demand:1 balance:1 end:1 also:1 hold:2 structure:1 base:1 reference:1 18:2 fluctuation:1 limit:1 20:1 range:2 north:1 sea:1 brent:1 blend:1 moment:1 lot:1 particularly:1 beginning:1 trust:1 ability:1 nigerian:1 minister:1 president:1 rilwanu:1 lukman:1 tell:1 news:1 conference:1 lagos:1 nigeria:1 member:1 determined:1 uphold:1 adhere:1 strictly:1 various:1 quota:1 selling:1 believe:1 consumer:2 draw:1 heavily:1 stock:1 refined:1 product:1 reduce:1 well:1 time:1 last:1 year:1 soon:1 return:1 market:2 search:1 european:1 u:1 begin:1 look:1 better:1 may:1 quite:1 lucky:1
|
MOST JAPAN FIRMS NOT RENEWING IRAN TERM CONTRACTS
Most Japanese companies have decided not
to renew term contracts to lift Iranian crude oil because spot
prices remain considerably lower than OPEC's official levels,
industry sources said.
They said a cargo of the Mideast benchmark crude Dubai
traded yesterday at 16.50 dlrs a barrel, compared to its
official price of 17.42 dlrs.
Only one Japanese company has renewed its term contract for
Iranian crude oil for the second quarter, the sources said.
The sources said Japanese companies had been lifting a
total of about 185,000 barrels per day (bpd) of Iranian crude
under term contracts, but only one firm has agreed to lift in
the second quarter. It is lifting just 10,000 to 15,000 bpd.
They said this move could inspire Iran to offer discounts
on cargoes loading in April, but the likelihood of discounts
depended largely on the levels of spot prices.
'If the spot price of Dubai goes above 17.30 dlrs we would
probably buy Iranian crude at the official price,' one Japanese
refiner said.
'We don't intend to put pressure on them,' he added.
Buyers have little incentive to renew contracts to lift oil
at official OPEC prices while spot prices on all grades are
considerably lower, oil traders said.
They said if spot prices move higher there will be no
problem finding OPEC crude to purchase at the official prices.
Qatar has chartered floating storage for its crude oil after
finding no buyers at official prices in March. The problem is
likely to recur in April, adding to that country's surplus.
The traders added that Iraq had dissociated itself from
OPEC's December production agreement, while agreeing to the
fixed prices.
But oil analysts said if OPEC keeps group output close to
its first-half 1987 ceiling of 15.8 mln bpd, supply and demand
would be balanced by the end of the second quarter.
They also said if OPEC holds its official price structure
based on a reference price of 18 dlrs, spot price fluctuations
should be limited to a 16.50 to 17.20 dlrs range for Dubai and
a 17 to 18 dlrs range for the North Sea's Brent blend.
One Japanese refiner said, 'At the moment there's a lot of
pressure on OPEC, particularly on Qatar. But if they hold out
there will be no problem, and I'm beginning to trust their
ability.'
Nigerian oil minister and OPEC president Rilwanu Lukman
told a news conference in Lagos yesterday, 'Nigeria and all
member countries of OPEC remain determined to uphold the
December agreement by adhering strictly to their various quotas
and official selling prices.'
He said OPEC believed consumers had drawn heavily on stocks
of both crude oil and refined products, reducing them to levels
well below this time last year. He said consumers would soon
return to the market in search of crude.
A Japanese refiner said, 'The European and U.S. Markets are
beginning to look better so OPEC might be quite lucky.'
|
training/4175
|
training/4175 |@title possis:1 poss:1 vote:1 100:1 pct:1 stock:1 dividend:1 |@word possis:2 corp:1 say:2 board:1 approve:2 100:1 pct:1 stock:1 dividend:1 payable:1 may:1 one:1 record:1 march:1 27:1 company:2 annual:1 meeting:1 wednesday:1 shareholder:1 proposal:1 increase:1 authorize:1 common:1 share:2 20:1 mln:3 eight:1 currently:1 3:1 9:1 outstanding:1
|
POSSIS <POSS> VOTES 100 PCT STOCK DIVIDEND
Possis Corp said its board approved
a 100 pct stock dividend payable May One, record March 27.
At the company's annual meeting Wednesday, Possis said
shareholders approved a proposal to increase the authorized
common shares to 20 mln from eight mln. The company currently
has about 3.9 mln shares outstanding.
|
training/4176
|
training/4176 |@title seal:1 inc:1 sinc:1 1st:1 qtr:1 jan:1 31:1 net:1 |@word shr:1 29:1 ct:2 vs:3 16:1 net:1 610:1 000:4 329:1 sale:1 6:1 714:1 4:1 582:1
|
SEAL INC <SINC> 1ST QTR JAN 31 NET
Shr 29 cts vs 16 cts
Net 610,000 vs 329,000
Sales 6,714,000 vs 4,582,000
|
training/4177
|
training/4177 |@title dow:2 chemical:1 co:1 regular:1 dividend:1 |@word qtly:1 div:1 50:2 ct:2 vs:1 prior:1 pay:1 april:1 30:1 record:1 march:1 31:1
|
DOW CHEMICAL CO <DOW> REGULAR DIVIDEND
Qtly div 50 cts vs 50 cts prior
Pay April 30
Record March 31
|
training/4178
|
training/4178 |@title telco:1 telc:1 delays:1 defensive:1 right:1 offering:1 |@word telco:1 systems:1 inc:1 say:1 plan:1 distribute:1 dividend:1 common:1 stock:1 purchase:1 right:1 shareholder:1 record:1 march:1 16:1 delay:1 pende:1 completion:1 necessary:1 regulatory:1 approval:1
|
TELCO <TELC> DELAYS DEFENSIVE RIGHTS OFFERING
Telco Systems Inc said its plan
to distribute a dividend of common stock purchase rights to
shareholders of record on March 16 has been delayed pending the
completion of necessary regulatory approvals.
|
training/418
|
training/418 |@title consolidated:1 tvx:2 say:2 issue:2 share:2 buy:2 stake:2 three:2 brazil:2 mining:2 firm:2 consolidate:1 |@word
|
CONSOLIDATED TVX SAYS IT WILL ISSUE SHARES TO BUY STAKES IN THREE BRAZIL MINING FIRMS
CONSOLIDATED TVX SAYS IT WILL ISSUE SHARES TO BUY STAKES IN THREE BRAZIL MINING FIRMS
|
training/4182
|
training/4182 |@title clayton:1 dubili:1 new:1 joint:1 unit:1 buy:1 firm:1 |@word clayton:4 dubilier:1 inc:1 senior:1 management:1 unit:1 borg:4 warner:4 corp:2 bor:1 say:4 form:1 new:3 company:4 buy:1 industrial:3 product:3 group:1 240:1 mln:2 dlrs:2 sale:1 300:1 three:1 division:2 provide:1 advanced:1 technology:1 fluid:1 transfer:1 control:1 equipment:1 system:1 service:1 worldwide:1 3:1 000:1 employee:1 headquarter:1 long:1 beach:1 calif:1 peter:1 valli:1 vice:1 president:3 become:1 chief:1 executive:1 officer:1 accord:1 private:1 investment:1 firm:1 third:1 mangement:1 buyout:1 divestiture:1 complete:1 since:1 december:1 1986:1
|
CLAYTON AND DUBILIER NEW JOINT UNIT TO BUY FIRM
Clayton and Dubilier Inc and senior
management of a unit of Borg-Warner Corp <BOR> said it will
form a new company to buy Borg-Warner's industrial products
group for about 240 mln dlrs.
Borg-Warner industrial products has sales of about 300 mln
dlrs from three divisions, which provide advanced technology
fluid transfer and control equipment, systems and
services worldwide, Clayton said.
The new company will have 3,000 employees and be
headquartered in Long Beach, Calif., the company said.
Peter Valli, vice president of Borg-Warner Corp and
president of its industrial products division, will become
president and chief executive officer of the new company,
according to Clayton.
Clayton, a private investment firm, said this was the third
mangement buyout of a divestiture completed by them since
December 1986.
|
training/4184
|
training/4184 |@title u:1 health:1 inc:1 ushi:1 2nd:1 qtr:1 jan:1 31:1 net:1 |@word shr:2 10:1 ct:4 vs:6 seven:1 net:2 1:4 541:1 000:4 056:1 revs:2 20:1 mln:4 17:1 0:1 1st:1 half:1 19:1 11:1 2:3 945:1 742:1 38:1 35:1
|
U.S. HEALTH INC <USHI> 2ND QTR JAN 31 NET
Shr 10 cts vs seven cts
Net 1,541,000 vs 1,056,000
Revs 20.1 mln vs 17.0 mln
1st half
Shr 19 cts vs 11 cts
Net 2,945,000 vs 1,742,000
Revs 38.2 mln vs 35.2 mln
|
training/4185
|
training/4185 |@title k:2 mart:2 corp:2 4th:2 qtr:2 shr:2 2:2 11:2 dlrs:2 vs:2 nine:2 ct:2 |@word
|
K MART CORP 4TH QTR SHR 2.11 DLRS VS NINE CTS
K MART CORP 4TH QTR SHR 2.11 DLRS VS NINE CTS
|
training/4188
|
training/4188 |@title uk:1 money:1 market:1 give:1 two:1 mln:1 stg:1 help:1 |@word bank:3 england:1 say:1 give:2 market:2 assistance:2 two:2 mln:1 stg:2 afternoon:1 buying:1 amount:1 band:1 bill:1 10:1 5:1 16:1 pct:1 worth:1 1:2 503:1 billion:2 today:1 offset:1 shortage:1 estimate:1 revise:1 60:1
|
UK MONEY MARKET GIVEN FURTHER TWO MLN STG HELP
The Bank of England said it gave the
market further assistance of two mln stg during the afternoon,
buying that amount of band two bank bills at 10-5/16 pct.
The bank has given the market assistance worth 1.503
billion stg today to offset a shortage it estimated at a
revised 1.60 billion.
|
training/4189
|
training/4189 |@title environmental:1 systems:1 co:1 esc:1 1st:1 qtr:1 jan:1 31:1 |@word shr:1 13:1 ct:2 vs:3 15:2 net:1 2:3 193:1 000:2 1:1 918:1 revs:1 18:1 mln:2 note:1 share:1 prefer:1 dividend:1
|
ENVIRONMENTAL SYSTEMS CO <ESC> 1ST QTR JAN 31
Shr 13 cts vs 15 cts
Net 2,193,000 vs 1,918,000
Revs 18.2 mln vs 15.2 mln
NOTE: Share after preferred dividends.
|
training/4192
|
training/4192 |@title general:1 mining:1 genm:1 j:1 caution:1 1987:1 profit:1 |@word general:2 mining:2 union:1 corp:1 ltd:1 chairman:1 derek:1 keys:1 caution:1 profit:1 may:1 rise:2 year:2 rand:2 stay:2 current:1 level:2 48:1 u:1 cent:1 would:1 well:1 repeat:1 last:1 result:1 depressed:1 key:1 say:1 dividend:1 however:1 ought:1 affect:1 add:1 discuss:1 1987:1 outlook:1 earlier:1 report:1 1986:1 per:1 share:1 earning:1 28:1 pct:1 616:1 ct:1
|
GENERAL MINING (GENM.J) CAUTIONS ON 1987 PROFITS
General Mining Union Corp Ltd
chairman Derek Keys cautioned that profits may not rise this
year if the rand stays at its current level of 48 U.S. Cents.
'We would do well to repeat last year's results if the rand
stays depressed,' Keys said.
The level of the dividend, however, 'ought not to be
affected,' he added, discussing the 1987 outlook.
General Mining earlier reported that 1986 per share
earnings rose 28 pct to 616 cts.
|
training/4193
|
training/4193 |@title colgate:1 palmolive:1 co:1 cl:1 set:1 payout:1 |@word qtrly:1 div:1 34:2 ct:2 vs:1 pay:1 may:1 15:1 record:1 april:1 24:1
|
COLGATE-PALMOLIVE CO <CL> SETS PAYOUT
Qtrly div 34 cts vs 34 cts
Pay May 15
Record April 24
|
training/4194
|
training/4194 |@title isco:1 inc:1 isko:1 2nd:1 qtr:1 end:1 jan:1 30:1 net:1 |@word shr:2 12:1 ct:4 vs:6 13:1 net:2 414:1 968:1 449:1 533:1 revs:2 5:2 726:1 722:1 276:1 627:1 six:1 mth:1 23:1 33:1 779:1 981:1 1:1 116:1 857:1 11:2 3:2 mln:2
|
ISCO INC <ISKO> 2ND QTR ENDS JAN 30 NET
Shr 12 cts vs 13 cts
Net 414,968 vs 449,533
Revs 5,726,722 vs 5,276,627
Six mths
Shr 23 cts vs 33 cts
Net 779,981 vs 1,116,857
Revs 11.3 mln vs 11.3 mln
|
training/4199
|
training/4199 |@title ccc:1 reallocate:1 credit:1 guarantee:1 el:1 salvador:1 |@word commodity:1 credit:3 corporation:1 ccc:1 reallocate:1 two:1 mln:5 dlrs:5 gurantee:1 previously:1 earmark:1 sale:4 u:2 protein:2 meal:2 cover:1 vegetable:2 oil:2 tallow:2 el:1 salvador:1 agriculture:1 department:3 say:4 action:1 reduce:1 coverage:2 14:1 16:1 create:1 new:1 line:2 one:2 grease:1 guarantee:3 must:1 register:1 export:1 sepember:1 30:1 1987:1 rate:2 include:1 charge:1 provide:1 yearly:1 interest:1 4:1 5:1 pct:1 value:1
|
CCC REALLOCATES CREDIT GUARANTEES TO EL SALVADOR
The Commodity Credit Corporation,
CCC, has reallocated two mln dlrs in credit gurantees
previously earmarked for sales of U.S. protein meals to cover
sales of vegetable oil and tallow to El Salvador, the U.S.
Agriculture Department said.
The action reduces coverage for sales of protein meals to
14 mln dlrs from 16 mln dlrs and creates new lines of one mln
dlrs for tallow and/or greases and one mln dlrs for vegetable
oils, the department said.
All sales under the credit guarantee lines must be
registered and exported by Sepember 30, 1987, it said.
The guarantee rates include a charge to provide for a
yearly interest rate coverage of up to 4.5 pct on the
guaranteed value, the department said.
|
training/42
|
training/42 |@title ico:1 producer:1 present:1 new:1 coffee:1 proposal:1 |@word international:1 coffee:1 organization:1 ico:3 produce:1 country:1 present:1 proposal:2 reintroduce:1 export:1 quota:2 12:1 month:1 april:2 1:3 firm:1 undertaking:1 try:1 negotiate:1 september:1 30:1 future:1 distribution:2 new:1 basis:2 delegate:2 say:3 would:1 unchanged:1 early:1 producer:1 include:1 shortfall:1 redistribution:1 total:1 22:1 mln:1 bag:1 resumption:1 contact:1 group:1 meeting:1 consumer:1 schedule:1 evening:1 postpone:1 tomorrow:1
|
ICO PRODUCERS TO PRESENT NEW COFFEE PROPOSAL
International Coffee Organization, ICO,
producing countries will present a proposal for reintroducing
export quotas for 12 months from April 1 with a firm
undertaking to try to negotiate up to September 30 any future
quota distribution on a new basis, ICO delegates said.
Distribution from April 1 would be on an unchanged basis as
in an earlier producer proposal, which includes shortfall
redistributions totalling 1.22 mln bags, they said.
Resumption of an ICO contact group meeting with consumers,
scheduled for this evening, has been postponed until tomorrow,
delegates said.
|
training/420
|
training/420 |@title whittaker:1 corp:1 wkr:1 1st:1 qtr:1 jan:1 31:1 net:1 |@word oper:2 shr:1 17:1 ct:4 vs:4 25:1 qtly:1 div:1 15:2 prior:2 net:2 1:2 522:1 000:5 3:2 501:1 sale:1 98:1 0:1 mln:2 86:1 note:1 year:1 exclude:1 loss:1 discontinue:1 operation:1 817:1 dlrs:1 company:1 say:1 common:1 share:2 outstanding:1 significantly:1 7:1 814:1 reflect:1 retirement:1 5:1 200:1 since:1 start:1 restructurine:1 august:1 1986:1 dividend:1 pay:1 april:2 30:1 record:1 16:1
|
WHITTAKER CORP <WKR> 1ST QTR JAN 31 NET
Oper shr 17 cts vs 25 cts
Qtly div 15 cts vs 15 cts prior
Oper net 1,522,000 vs 3,501,000
Sales 98.0 mln vs 86.3 mln
NOTE: Prior year net excludes loss from discontinued
operations of 1,817,000 dlrs.
Company said common shares outstanding down significantly
to 7,814,000, reflecting retirement of about 5,200,000 shares
since start of restructurining in August 1986.
Dividend pay April 30, record April 16.
|
training/4201
|
training/4201 |@title borg:1 warner:1 bor:1 sell:1 unit:1 240:1 mln:1 dlrs:1 |@word borg:4 warner:4 corp:1 say:2 agree:1 sell:1 industrial:2 product:2 group:3 clayton:2 dubilier:2 inc:1 senior:1 management:2 240:1 mln:2 dlrs:2 new:1 york:1 base:2 private:1 investment:1 firm:1 complete:1 two:1 lead:1 buyout:1 transaction:1 since:1 december:1 1986:1 long:1 beach:1 california:1 sale:3 300:1 employ:1 3:1 000:1 staff:1 business:1 include:1 standard:1 custom:1 engineer:1 centrifugal:1 pump:1 mechanical:1 seal:1 petroleum:1 industry:2 advanced:1 control:1 aerospace:1 defense:1 part:1 plan:1 restructure:1 propose:1 subject:1 approval:1 director:1
|
BORG-WARNER <BOR> TO SELL UNIT FOR 240 MLN DLRS
Borg-Warner Corp said it agreed to sell
its industrial products group to <Clayton and Dubilier Inc>
and senior management of the group, for about 240 mln dlrs.
Clayton and Dubilier is a New York-based private investment
firm, which has completed two other management-led buyout
transactions since December 1986.
Borg-Warner's industrial products group, based in Long
Beach, California, has sales of about 300 mln dlrs and employs
about 3,000 staff.
Its businesses include standard and custom engineered
centrifugal pumps and mechanical seals for the petroleum
industry and advanced controls for the aerospace and defense
industries.
The sale is part of Borg-Warner's planned restructuring.
the proposed sale is subject to approval by Borg-Warner's
directors, it said.
|
training/4203
|
training/4203 |@title panamanian:1 wheat:1 ship:1 still:1 ground:1 syria:1 |@word panamanian:1 bulk:1 carrier:1 juvena:2 still:1 aground:2 outside:2 tartous:2 syria:1 despite:1 discharge:1 6:1 400:1 ton:2 39:1 000:1 cargo:1 wheat:1 water:1 enter:1 engine:1 room:1 due:1 crack:1 vessel:1 bottom:1 lloyds:1 ship:1 intelligence:1 service:1 say:1 53:1 351:1 tonne:1 dw:1 run:1 port:1 basin:1 breakwater:1 february:1 25:1 heavy:1 weather:1 rough:1 sea:1
|
PANAMANIAN WHEAT SHIP STILL GROUNDED OFF SYRIA
The Panamanian bulk carrier Juvena is
still aground outside Tartous, Syria, despite discharging 6,400
tons of its 39,000-ton cargo of wheat, and water has entered
the engine-room due to a crack in the vessel bottom, Lloyds
Shipping Intelligence Service said.
The Juvena, 53,351 tonnes dw, ran aground outside Tartous
port basin breakwater on February 25 in heavy weather and rough
seas.
|
training/4204
|
training/4204 |@title guardian:1 morton:1 shulman:1 agree:1 takeover:1 bid:1 |@word guardian:7 morton:8 shulman:2 precious:1 metals:1 inc:2 say:4 guardman:2 investment:3 management:2 services:1 agree:2 principle:1 andrew:1 sarlos:1 make:1 takeover:4 bid:6 special:6 share:7 series:3 ii:3 warrant:4 subject:1 regulatory:1 approval:1 completion:1 definitive:1 documentation:1 current:1 manager:1 owner:1 common:2 also:1 sell:1 agreement:1 company:3 control:1 sarlo:3 successful:1 price:1 offer:1 90:3 pct:4 net:1 asset:1 value:1 time:2 two:1 dlrs:1 conditional:1 acquire:1 least:1 combine:1 number:1 offeror:1 manage:1 currently:1 slightly:1 less:1 10:1
|
GUARDIAN-MORTON SHULMAN AGREES TO TAKEOVER BID
<Guardian-Morton Shulman Precious
Metals Inc> said Morton Shulman and Guardman Investment
Management Services Inc agreed in principle for Andrew Sarlos
to make a takeover bid for all special shares and series II
warrants of Guardian-Morton, subject to regulatory approval and
completion of definitive documentation.
Guardman Investment, current manager and owner of all
common shares of Guardian-Morton, also agreed to sell the
common and its management agreement to a company controlled by
Sarlos if the takeover bid is successful, Guardian-Morton said.
Price to be offered for the Guardian-Morton special shares
under the takeover bid will be 90 pct of the net asset value of
the special shares at the time of the bid, and two dlrs for
each series II warrant, the company said.
Guardian-Morton said the takeover bid will be conditional
on Sarlos acquiring at least 90 pct of the special shares and
90 pct of the series II warrants, when combined the number of
special shares and warrants owned by the offeror at the time of
the bid.
Investment companies managed by Sarlos currently own
slightly less than 10 pct of Guardian-Morton's special shares.
|
training/4205
|
training/4205 |@title k:1 mart:1 corp:1 km:1 4th:1 qtr:1 jan:1 28:1 net:1 |@word shr:2 2:1 11:1 dlrs:10 vs:10 nine:1 ct:4 net:2 285:1 000:9 10:1 500:1 rev:2 7:1 35:2 billion:4 6:1 76:1 avg:2 shrs:2 134:2 300:3 131:2 600:2 year:4 4:3 1:2 73:1 582:1 221:1 200:1 24:1 13:1 22:1 33:1 note:1 late:1 earning:2 include:2 loss:2 period:1 16:1 mln:6 12:2 share:5 premium:1 pay:1 early:1 call:1 250:1 dlr:1 75:1 pct:1 30:2 debenture:1 gain:3 discontinue:1 operation:1 8:1 23:1 238:1 9:1 82:1 quarter:1 28:1 21:1 472:1 0:1 3:1 64:1
|
K MART CORP <KM> 4TH QTR JAN 28 NET
Shr 2.11 dlrs vs nine cts
Net 285,000,000 vs 10,500,000
Revs 7.35 billion vs 6.76 billion
Avg shrs 134,300,000 vs 131,600,000
Year
Shr 4.35 dlrs vs 1.73 dlrs
Net 582,300,000 vs 221,200,000
Revs 24.13 billion vs 22.33 billion
Avg shrs 134,300,000 vs 131,600,000
NOTE: Latest year earnings include a loss in each period of
16.4 mln dlrs, or 12 cts a share, for a premium paid in the
early call of a 250 mln dlr 12.75 pct 30-year debenture
Earnings include a gain from discontinued operations of
30.8 mln dlrs, or 23 cts a share vs a loss of 238.9 mln dlrs,
or 1.82 dlrs a share in the quarter and a gain of 28.4 mln
dlrs, or 21 cts a share vs a gain of 472.0 mln dlrs, or 3.64
dlrs a share for the year
|
training/4206
|
training/4206 |@title hog:1 cattle:1 slaughter:1 guesstimate:1 |@word chicago:1 mercantile:1 exchange:1 floor:1 trader:1 commission:1 house:1 representative:1 guesstimate:2 today:1 hog:1 slaughter:2 290:1 000:8 310:1 head:2 versus:2 309:1 week:2 ago:4 328:1 year:2 cattle:1 128:1 131:1 129:1 127:1
|
HOG AND CATTLE SLAUGHTER GUESSTIMATES
Chicago Mercantile Exchange floor
traders and commission house representatives are guesstimating
today's hog slaughter at about 290,000 to 310,000 head versus
309,000 week ago and 328,000 a year ago.
Cattle slaughter is guesstimated at about 128,000 to
131,000 head versus 129,000 week ago and 127,000 a year ago.
|
training/4209
|
training/4209 |@title van:1 ommeren:1 acquire:1 dutch:1 gas:1 container:1 unit:1 |@word dutch:2 shipping:1 transport:2 group:1 phs:1 van:2 ommeren:2 nv:1 ommn:1 say:1 take:1 small:1 gas:5 container:4 firm:2 first:1 step:1 establish:2 world:1 wide:1 organisation:1 liquid:1 bv:1 lgt:1 employ:1 10:1 people:1 fleet:1 200:1 shortly:1 open:1 office:1 singapore:1 expand:1 facility:1 houston:1 network:1
|
VAN OMMEREN ACQUIRES DUTCH GAS CONTAINER UNIT
Dutch shipping and transport group
PHS Van Ommeren NV <OMMN.AS> said it has taken over a small
Dutch gas container firm as a first step in establishing a
world-wide gas container organisation.
The firm, Liquid and Gas Transport BV (LGT), employs 10
people and has a fleet of 200 gas containers.
Van Ommeren will shortly open an office in Singapore and
expand its facilities in Houston to establish the gas container
network.
|
training/4210
|
training/4210 |@title dorchester:1 hugoton:1 ltd:1 dhulz:1 raise:1 payout:1 |@word qtly:1 div:1 10:1 ct:2 vs:1 eight:1 prior:1 pay:1 april:1 16:1 record:1 march:1 31:1
|
DORCHESTER HUGOTON LTD <DHULZ> RAISES PAYOUT
Qtly div 10 cts vs eight cts prior
Pay April 16
Record March 31
|
training/4212
|
training/4212 |@title international:1 american:1 home:1 set:1 acquisition:1 |@word international:3 american:3 homes:1 inc:1 say:2 contract:1 acquire:1 diversified:1 shelter:1 group:1 ltd:1 11:1 850:1 000:1 dlrs:3 pay:1 73:1 pct:2 cash:1 27:1 common:1 stock:1 value:1 30:1 day:1 trading:1 average:1 prior:1 close:1 price:1 base:1 diversify:2 estimate:1 3:2 2:1 mln:2 pro:1 forma:1 pre:1 tax:1 earning:1 1986:2 adjustment:1 certain:1 non:1 continue:1 expense:1 developer:1 single:1 family:1 housing:1 atlanta:1 market:1 revenue:1 25:1 acquisition:1 subject:1 arranging:1 financing:1
|
INTERNATIONAL AMERICAN <HOME> SETS ACQUISITION
International American Homes inc
said it has contracted to acquire <Diversified Shelter Group
Ltd> for about 11,850,000 dlrs to be paid 73 pct in cash and 27
pct in International American common stock to be valued on a 30
day trading average prior to closing.
It said the price is based on Diversified's estimated 3.2
mln dlrs pro forma pre-tax earnings for 1986 after adjustment
for certain non-continuing expenses. Diversified, a developer
of single family housing in the Atlanta market, had 1986
revenues of about 25.3 mln dlrs. The acquisition if subject to
International American arranging financing.
|
training/4215
|
training/4215 |@title ec:1 commission:1 open:1 attitude:1 steel:1 quota:1 |@word ec:2 commission:2 say:3 adopt:1 open:1 attitude:1 whether:1 system:2 production:1 quota:3 remain:1 indefinite:1 future:1 heavy:1 steel:2 product:1 account:1 45:1 pct:2 good:1 statement:1 reiterate:1 view:1 industry:2 need:1 lose:2 25:1 30:1 mln:1 tonne:1 capacity:1 1990:1 previously:1 start:1 1980:1 wind:1 completely:1 end:1 next:1 year:1 argue:1 maintenance:1 exist:1 cover:1 almost:2 70:1 output:1 steelmaker:1 money:1 due:1 depressed:1 market:1
|
EC COMMISSION HAS OPEN ATTITUDE ON STEEL QUOTAS
The EC Commission said it was
adopting an 'open attitude' about whether a system of production
quotas should remain for the indefinite future on heavy steel
products which account for about 45 pct of all EC steel goods.
In a statement, the Commission reiterated its view that the
industry needs to lose between 25 and 30 mln tonnes of capacity
by 1990. It had previously said the quota system, started in
1980, should be wound up completely by the end of next year.
The industry has argued for the maintenance of existing
quotas, which cover almost 70 pct of all output, saying almost
all steelmakers are losing money due to the depressed market.
|
training/4216
|
training/4216 |@title precision:1 aerotech:1 inc:1 par:1 3rd:1 qtr:1 jan:1 31:1 net:1 |@word oper:4 shr:2 16:1 ct:4 vs:9 two:1 net:3 467:1 000:7 52:1 sale:2 8:2 954:1 6:2 338:1 avg:2 shrs:2 2:2 939:1 459:1 1:3 979:2 916:2 nine:1 mth:1 45:1 18:1 068:1 387:1 24:1 5:1 mln:4 19:1 299:1 764:1 note:2 current:1 year:2 period:1 exclude:1 176:1 dlr:1 gain:1 retirement:1 backlog:1 30:1 26:1 7:1 start:1 fiscal:1
|
PRECISION AEROTECH INC <PAR> 3RD QTR JAN 31 NET
Oper shr 16 cts vs two cts
Oper net 467,000 vs 52,000
Sales 8,954,000 vs 6,338,000
Avg shrs 2,939,459 vs 1,979,916
Nine mths
Oper shr 45 cts vs 18 cts
Oper net 1,068,000 vs 387,000
Sales 24.5 mln vs 19.6 mln
Avg shrs 2,299,764 vs 1,979,916
NOTE: Current year net both periods excludes 176,000 dlr
gain from retirement of notes.
Backlog 30.8 mln vs 26.7 mln at start of fiscal year.
|
training/4218
|
training/4218 |@title guardian:1 national:1 insurance:1 co:1 ltd:1 garj:1 j:1 year:1 |@word shr:1 100:1 6:2 ct:4 vs:9 76:1 9:1 final:1 div:2 40:1 32:1 make:1 58:1 50:1 pre:1 tax:2 14:1 17:1 mln:12 rand:1 8:1 85:1 net:2 10:3 06:1 7:1 69:2 4:1 1:2 16:2 gross:1 premium:2 210:1 178:1 write:1 143:1 99:1 123:1 88:1 underwriting:1 loss:2 78:1 25:1 pay:1 april:1 register:1 march:1 27:1 note:1 period:1 year:1 december:1 31:1 1986:1
|
GUARDIAN NATIONAL INSURANCE CO LTD <GARJ J> YEAR
Shr 100.6 cts vs 76.9 cts
Final div 40 cts vs 32 making 58 cts vs 50
Pre-tax 14.17 mln rand vs 8.85 mln
Net 10.06 mln vs 7.69 mln
Tax 4.10 mln vs 1.16 mln
Gross premiums 210.16 mln vs 178.69 mln
Net premiums written 143.99 mln vs 123.88 mln
Underwriting loss 1.78 mln vs loss 6.25 mln
Div pay April 10, register March 27.
Note - period year to December 31 1986.
|
training/4219
|
training/4219 |@title datametrics:1 corp:1 dmcz:1 1st:1 qtr:1 jan:1 31:1 net:1 |@word shr:1 dilute:2 five:1 ct:2 vs:5 13:1 net:2 278:1 780:1 442:1 532:1 revs:1 5:1 101:1 747:1 4:1 293:1 393:1 avg:1 shrs:1 6:1 050:1 968:1 3:1 414:1 145:1 note:1 include:1 tax:1 credit:1 123:1 500:1 dlrs:2 179:1 000:1
|
DATAMETRICS CORP <DMCZ> 1ST QTR JAN 31 NET
Shr diluted five cts vs 13 cts
Net 278,780 vs 442,532
Revs 5,101,747 vs 4,293,393
Avg shrs diluted 6,050,968 vs 3,414,145
NOTE: Net includes tax credits of 123,500 dlrs vs 179,000
dlrs.
|
training/422
|
training/422 |@title stop:1 shop:1 cos:1 inc:1 shp:1 4th:1 qtr:1 jan:1 31:1 net:1 |@word oper:4 shr:2 1:5 80:1 dlrs:10 vs:10 46:1 net:4 25:1 0:2 mln:13 20:2 2:3 sale:2 09:1 billion:3 996:1 4:3 avg:2 shrs:2 13:4 9:2 8:2 year:2 3:3 57:1 44:1 35:1 87:2 43:2 note:1 operate:2 exclude:1 loss:1 12:2 ct:4 share:4 321:1 000:2 two:1 quarter:3 6:1 5:1 37:1 discontinue:1 operation:1 include:2 provision:1 late:2 closing:1 almys:1 department:1 store:1 co:1 750:1 charge:1 restructure:1 announce:1 early:1 january:1
|
STOP AND SHOP COS INC <SHP> 4TH QTR JAN 31 NET
Oper shr 1.80 dlrs vs 1.46 dlrs
Oper net 25.0 mln vs 20.2 mln
Sales 1.09 billion vs 996.4 mln
Avg shrs 13.9 mln vs 13.8 mln
Year
Oper shr 3.20 dlrs vs 2.57 dlrs
Oper net 44.4 mln vs 35.4 mln
Sales 3.87 billion vs 3.43 billion
Avg shrs 13.9 mln vs 13.8 mln
NOTES: Operating net excludes losses of 12.1 mln dlrs, or
87 cts a share, vs 321,000 dlrs, or two cts a share, in quarter
and 6.0 mln dlrs, or 43 cts a share, vs 5.1 mln dlrs, or 37 cts
a share, from discontinued operations. This includes provision
in latest quarter of 12.2 mln dlrs for closing of Almys
Department Store Co.
Operating net in latest quarter and year includes 750,000
dlrs charge for restructuring announced in early January
|
training/4220
|
training/4220 |@title wiener:1 enterprises:1 inc:1 wpb:1 year:1 jan:1 31:1 net:1 |@word shr:1 60:1 ct:4 vs:4 85:1 qtly:1 div:1 10:2 prior:1 net:1 1:2 407:1 000:2 996:1 sale:1 75:1 4:1 mln:2 58:1 2:1 note:1 dividend:1 pay:1 april:2 16:1 record:1 nine:1
|
WIENER ENTERPRISES INC <WPB> YEAR JAN 31 NET
Shr 60 cts vs 85 cts
Qtly div 10 cts vs 10 cts prior
Net 1,407,000 vs 1,996,000
Sales 75.4 mln vs 58.2 mln
NOTE: Dividend pay April 16, record April Nine
|
training/4223
|
training/4223 |@title k:2 mart:1 km:1 say:1 record:1 1986:1 net:1 turning:1 point:1 |@word mart:12 corp:2 say:13 record:2 fiscal:2 1986:7 net:1 earning:4 582:1 3:2 mln:9 dlrs:16 rise:5 221:1 2:3 year:7 ago:3 mark:2 major:2 turning:2 point:3 world:1 second:1 big:1 retailer:2 k:11 fourth:3 quarter:4 end:1 january:1 28:1 285:1 10:1 5:3 result:1 merchandise:4 refurbishing:1 expense:2 control:1 take:1 charge:1 239:1 discontinued:2 operation:6 continue:3 retail:1 total:1 270:1 00:1 share:1 compare:1 249:1 4:2 1:3 91:1 chairman:2 bernard:1 fauber:3 success:1 program:1 better:1 illustrate:1 strong:1 35:1 9:1 pct:10 increase:2 income:3 taxis:1 03:1 billion:6 first:1 time:1 reach:2 milestone:1 sale:8 23:4 8:4 22:1 04:1 prior:2 1985:6 restate:2 account:1 comparable:2 store:4 growth:2 come:1 great:1 consumer:1 acceptance:1 apparel:1 marked:1 hardline:1 grow:2 contribution:1 specialty:2 retailing:1 pre:1 tax:2 493:1 32:1 gain:1 372:1 6:4 last:1 period:1 7:3 65:1 effective:1 rate:1 44:1 37:1 sell:1 general:1 administrative:1 ease:1 performance:2 statement:1 immediately:1 focus:1 change:1 look:1 structure:1 company:1 commit:1 dollar:1 remodel:1 instal:1 centralized:1 system:1 upgrade:1 mix:1 acquire:1 three:1 large:1 divest:1 underperform:1 business:1 restructure:1 long:2 term:2 debt:1 force:1 pay:1 temporary:1 price:1 form:1 slow:1 low:1 rating:1 investment:1 community:1 however:1 begin:1 improve:1 proof:1 approach:1 correct:1
|
K MART <KM> SAYS RECORD 1986 NET 'TURNING POINT'
K Mart Corp said its record fiscal
1986 net earnings of 582.3 mln dlrs, a rise from 221.2 mln dlrs
a year ago, marked a 'major turning point' for the world's
second biggest retailer.
K Mart said the earnings rise for the fourth quarter ended
January 28 to 285 mln dlrs from 10.5 mln dlrs resulted from
'merchandising, refurbishing and expense control.'
A year ago, K Mart took a charge of 239 mln dlrs for
discontinued operations. Earnings from continuing retail
operations in the quarter totalled 270 mln dlrs or 2.00 dlrs a
share compared with 249.4 mln dlrs or 1.91 dlrs a year ago.
K Mart Chairman Bernard Fauber said 'the success of these
programs is better illustrated by the strong 35.9 pct increase
in 1986 income from continuing operations before income taxes
to 1.03 billion dlrs, the first time K Mart Corp has reached
this milestone.'
Sales for the 1986 fiscal year reached a record 23.8
billion dlrs, an 8.1 pct rise from 22.04 billion dlrs the prior
year. K Mart said 1985 was restated to account for discontinued
operations. Comparable store sales rose 5.5 pct in 1986 over
1985, it said.
Fauber said the sales growth came from greater consumer
acceptance of K Mart's apparel merchandise, 'a marked increase
in hardline merchandise sales and a growing contribution from
specialty retailing operations.'
K Mart said its fourth quarter pre-tax income from
continuing operations was 493 mln dlrs, a 32.3 pct gain from
372.6 mln dlrs last year. It said sales in the period grew 8.8
pct to 7.23 billion dlrs from a restated 6.65 billion dlrs in
1985 with comparable store sales up 4.7 pct.
K Mart said its effective tax rate rose in 1986 to 44.6 pct
from 37.6 pct in 1985. But it said selling, general and
administrative expense eased to 23.2 pct of sales from 23.7 pct
in 1985.
'Our performance in 1986 marks a major turning point for K
Mart,' Fauber said in a statement.
'In the years immediately prior to 1986, we focused on
changing the look of our stores and the structure of the
company.'
K Mart, he said, committed billion of dollars for store
remodeling and installing a centralized point of sale system,
upgraded its merchandise mix, acquired three large specialty
retailers, divested underperforming businesses and restructured
its long-term debt.
'We were forced to pay a temporary price in the form of
slower earnings growth and a lower rating by the investment
community. However, beginning with the fourth quarter of 1985,
our improved performance is proof that our approach is correct
for the long term,' the K Mart chairman said.
|
training/4227
|
training/4227 |@title dainippon:1 ink:1 invest:1 quixote:1 quix:1 |@word quixote:4 corp:1 say:4 dainippon:4 ink:1 chemicals:1 inc:3 japan:1 buy:1 526:1 315:1 share:3 common:1 stock:1 6:1 7:1 pct:1 stake:1 10:1 mln:1 dlrs:3 19:1 two:2 company:1 also:1 agree:1 result:1 research:1 development:2 activity:1 optical:4 disc:5 technology:2 focus:1 new:1 direct:1 read:2 write:1 advanced:1 erasable:1 wholly:1 subsidiary:1 laservideo:2 make:1 advancement:1 art:1 master:1 manufacture:1 compact:1 cd:1 rom:1 laser:1 videodiscs:1 agreement:1 annual:1 sale:1 billion:1 provide:1 representative:1 sit:1 board:1 director:1
|
DAINIPPON INK TO INVEST IN QUIXOTE <QUIX>
Quixote Corp said Dainippon Ink and
Chemicals Inc of Japan will buy 526,315 shares of Quixote
common stock, a 6.7 pct stake, for 10 mln dlrs, or 19 dlrs a
share.
It said the two companies also agreed to share the results
of their research and development activities in optical disc
technology.
Dainippon Inc's optical disc technology focuses on the
development of a new Direct-Read-After-Write optical disc and
an advanced erasable optical disc.
Quixote said its wholly owned subsidiary, LaserVideo Inc,
is making advancements in the art of mastering and
manufacturing Compact Discs, CD-ROMs and laser-read videodiscs.
Quixote said the agreement with Dainippon, which has annual
sales of more than two billion dlrs, provides for a Dainippon
representative to sit on the LaserVideo board of directors.
|
training/4228
|
training/4228 |@title circuit:1 city:1 stores:1 inc:1 cc:1 set:1 quarterly:1 |@word qtly:1 div:1 1:4 2:2 ct:2 vs:1 prior:1 pay:1 april:1 15:1 record:1 march:1 30:1
|
CIRCUIT CITY STORES INC <CC> SETS QUARTERLY
Qtly div 1-1/2 cts vs 1-1/2 cts prior
Pay April 15
Record March 30
|
training/4229
|
training/4229 |@title knoll:1 buy:1 american:1 saving:1 aaa:1 share:1 |@word american:11 savings:5 loan:2 association:1 florida:1 say:7 knoll:6 international:1 holdings:1 inc:2 offer:3 purchase:4 500:1 000:1 new:2 share:5 saving:6 10:1 mln:1 dlrs:2 board:1 accept:1 already:1 796:1 413:1 9:2 pct:2 resolve:1 previously:2 announce:2 disagreement:1 federal:1 home:1 bank:1 atlanta:1 replacement:1 capital:1 use:1 repurchase:1 common:2 january:1 1985:1 former:1 chairman:3 marvin:1 l:1 warner:1 completion:1 transaction:1 would:1 give:1 15:1 ownership:1 also:1 talk:1 executive:1 committee:1 shepard:1 broad:2 morris:1 well:1 20:1 agreement:1 reach:1 company:1 buy:1 condition:1 stock:1 person:1 entity:1 engagement:1 salomon:1 sb:1 evaluate:1 alternative:1 enhance:1 shareholder:1 value:1 include:1 possible:1 sale:1 still:1 actively:1 pursue:1
|
KNOLL TO BUY AMERICAN SAVINGS <AAA> SHARES
American Savings and Loan Association of
Florida said <Knoll International Holdings Inc> has offered to
purchase 500,000 new shares of American Savings for 10 mln
dlrs, and the board has accepted Knoll's offer.
Knoll already owns 796,413 shares or 9.9 pct of American
Savings.
American Savings said the purchase will resolve a
previously-announced disagreement between American Savings and
the Federal Home Loan Bank of Atlanta on the replacement of the
capital American Savings used to repurchase common shares in
January 1985 from former chairman Marvin L. Warner.
It said completion of the transaction would give Knoll 15
pct ownership in American Savings.
American Savings said Knoll also had talks with chairman of
the executive committee Shepard Broad and chairman Morris Broad
on the purchase of their American Savings shares as well at 20
dlrs each but no agreement was reached.
American Savings said The company said Knoll's offer to buy
the new shares is not conditioned on other purchase of common
stock from any person or entity.
It said its previously-announced engagement of Salomon Inc
<SB> to evaluate alternatives to enhance shareholder values,
including the possible sale of American Savings, is still being
actively pursued.
|
training/423
|
training/423 |@title jim:1 walter:1 corp:1 jwc:1 regular:1 dividend:1 |@word qtly:1 div:1 35:2 ct:2 vs:1 prior:1 qtr:1 payable:1 april:1 one:1 record:1 march:1 14:1
|
JIM WALTER CORP <JWC> REGULAR DIVIDEND
Qtly div 35 cts vs 35 cts in prior qtr
Payable April one
Record March 14
|
training/4231
|
training/4231 |@title igene:2 biotechnology:1 igne:1 find:1 crop:1 loss:1 aid:1 |@word biotechnology:1 inc:1 say:3 research:1 team:1 auburn:1 hebrew:1 university:1 find:1 patented:1 pesticide:1 highly:1 effective:1 combat:1 disease:2 reponsible:1 approximately:1 three:1 billion:1 dlrs:1 annual:1 crop:2 loss:1 company:2 learn:1 clandosan:1 control:2 nematode:1 deadly:2 plant:2 pathogen:1 formerly:1 ban:1 synthetic:1 chemical:1 variety:1 attack:1 major:1 cash:1 cotton:1 vegetable:1 orchard:1 tree:1 citrus:1 fruit:1 garden:1
|
IGENE BIOTECHNOLOGY <IGNE> FINDS CROP LOSS AID
IGENE Biotechnology Inc said its
research teams at Auburn and Hebrew universities have found its
patented pesticide is highly effective in combating a disease
reponsible for approximately three billion dlrs in annual crop
losses.
The company said it learned ClandoSan controls nematodes,
deadly plant pathogens formerly controlled by now-banned
synthetic chemicals.
Varieties of the deadly disease attack major cash crops
such as cotton, vegetables, orchard trees, citrus fruits, and
garden plants, the company said.
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training/4232
|
training/4232 |@title phillips:1 p:1 emphasize:1 cash:1 flow:1 pare:1 debt:1 |@word phillips:5 petroleum:1 co:1 emphasize:1 improve:2 short:3 term:5 cash:7 flow:7 year:4 pare:1 debt:4 c:1 j:1 pete:1 silas:14 chairman:1 tell:1 reuters:1 interview:1 priority:2 get:3 increase:3 asset:8 already:1 instal:1 say:15 decline:1 estimate:3 annual:1 1987:4 analyst:1 phillip:4 one:1 billion:5 dlrs:9 long:2 result:1 restructure:1 find:1 corporate:1 raider:1 1985:2 hover:1 5:2 9:1 december:1 1986:5 hope:2 achieve:1 goal:1 raise:1 capital:2 expenditure:3 budget:2 develop:2 oil:7 gas:2 property:2 plan:2 high:2 prospect:1 project:2 730:1 mln:5 655:1 nearly:1 half:1 spend:2 exploration:1 production:1 overseas:1 top:1 waterflooding:1 norway:1 jack:1 ekofisk:1 field:3 ability:1 extract:1 earning:4 expect:2 cost:4 1:2 recovery:2 170:1 gross:1 barrel:1 period:1 24:1 also:2 pursue:1 opportunity:1 china:1 seek:1 modification:1 chinese:1 government:1 make:1 discovery:1 offshore:1 xijang:1 commercially:1 viable:1 u:3 point:1 arguello:1 calif:1 start:2 fourth:1 quarter:1 first:1 platform:1 emphasis:1 force:1 company:2 part:2 several:2 sell:2 interest:1 block:1 k:1 north:1 sea:1 reserve:1 total:1 3:1 two:1 sale:5 program:1 complete:1 produce:1 good:4 value:1 possibly:1 someone:1 else:1 affect:1 everything:1 manage:2 use:1 even:1 regrettable:1 necessary:1 reduce:1 price:2 fall:1 sharply:1 lower:1 stay:1 low:2 level:1 month:1 everyone:1 would:1 look:2 different:1 area:1 improved:1 chemical:1 operation:2 provide:1 299:1 219:1 second:1 push:1 supply:2 demand:2 balance:2 product:1 feedstock:2 energy:2 think:1 market:1 rise:1 due:1
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PHILLIPS <P> TO EMPHASIZE CASH FLOW TO PARE DEBT
Phillips Petroleum Co will emphasize
improving its short-term cash flow this year to pare its debt,
C.J. 'Pete' Silas, chairman, told Reuters in an interview.
'Our priority is to get cash flow increased from the assets
already installed,' he said, but he declined to estimate annual
cash flow for 1987.
Analysts estimate Phillips' cash flow at over one billion
dlrs for 1987, while long term debt, which resulted from
restructuring to find off corporate raiders in 1985, hovers
about 5.9 billion dlrs as of December 1986.
Silas said Phillips hope to achieve its goal by raising
the capital expenditures budget to develop its oil and gas
properties.
'We plan to develop the properties with short-term high cash
flow prospects,' he said. He projected a capital expenditure
budget of 730 mln dlrs, up from the 1986 expenditure of 655 mln
dlrs.
Nearly half of that will be spent on exploration and
production, and most of that will be spend overseas, Silas
said.
'Phillips' top priority in 1987 will be to get the
waterflooding in Norway and jack up the (Ekofisk) oil fields to
improve our ability to extract oil and increase earnings,' Silas
said.
Phillips estimates that the project, which is expected to
cost 1.5 billion dlrs, will increase recovery by 170 mln gross
barrels of oil over a period of 24 years.
Phillips is also pursue opportunities in China where Silas
said he was seeking 'a modification of terms with the Chinese
government to make oil discoveries (in the offshore Xijang
fields) commercially viable.'
In the U.S. Silas said Phillips hopes to get the Point
Arguello, Calif., field started up by the fourth quarter. 'We
expect to start up the first platform then,' Silas said.
But emphasis on short-term cash flow has also forced the
company to part with several oil and gas assets.
Phillips sold its interests in the T-Block in the U.K.
North Sea and U.S. reserves totaling about 1.3 billion dlrs in
1986 as part of a two billion dlrs asset sales program that is
now completed, Silas said.
'We sold high cost producing assets. They were not good
value for us but possibly so for someone else,' Silas said.
Silas said the 1986 assets sales will not affect earnings
for the company.
'Everything we are doing is to manage our cash flow and we
are using that to manage our debt. Even the asset sales, while
regrettable, were necessary to reduce debt,' Silas said.
He said no asset sales are planned this year as long as oil
prices don't fall sharply lower and stay at lower levels for
several months. 'Then, everyone would be looking at sales (of
assets), and we're no different from the others,' Silas said.
In other areas, Silas looks for improved earnings from
Phillips chemical operations, which provided 299 mln dlrs in
earnings for 1986, up from 219 mln dlrs in 1985.
'This was our second best year pushed by a good supply and
demand balance for products, low feedstocks and energy costs
for our operations,' Silas said, 'In 1987 we think the market's
supply and demand balance will be just as good but feedstock
and energy costs will rise due to price recovery.'
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training/4233
|
training/4233 |@title merrill:1 lynch:1 mer:1 canada:1 mulls:1 buy:1 broker:1 |@word merrill:5 lynch:5 canada:4 inc:1 wholly:1 co:1 consider:2 acquire:3 another:1 canadian:1 security:2 company:3 result:1 federal:2 provincial:2 government:2 move:1 lift:1 investment:5 dealer:4 ownership:1 restriction:1 june:2 30:2 accord:1 publish:1 report:2 talk:1 number:1 people:1 deputy:1 chairman:2 e:1 duff:1 scott:2 tell:3 toronto:2 star:2 whether:1 go:1 something:1 know:1 say:3 spokesman:1 decline:1 comment:1 newspaper:2 query:1 disclose:1 quote:1 unidentified:1 industry:4 source:3 serious:1 discussion:2 already:1 hold:1 burns:2 fry:2 ltd:1 jack:1 lawrence:1 make:2 final:1 decision:1 examine:1 three:1 four:1 alternative:1 broker:1 possible:1 merger:2 expect:2 pende:1 deregulation:1 one:1 ask:1 name:1 reuters:1 silly:1 take:2 look:2 acquisition:1 businessman:1 regulation:1 place:1 bank:1 trust:1 foreign:1 allow:1 exist:1 establish:1 subsidiary:1
|
MERRILL LYNCH<MER> CANADA MULLS BUYING BROKER
Merrill Lynch Canada Inc, wholly owned
by Merrill Lynch and Co, is considering acquiring another
Canadian securities company as the result of federal and
provincial government moves to lift investment dealer ownership
restrictions on June 30, according to a published report.
'We're talking to a number of people,' Merrill Lynch Canada
deputy chairman E. Duff Scott told The Toronto Star. 'Whether
we're going to do something, I don't know,' he said.
A Merrill Lynch Canada spokesman declined to comment on the
newspaper report when queried.
Scott did not disclose which investment dealers Merrill
Lynch Canada was considering acquiring, but the Toronto Star
quoted unidentified industry sources as saying serious
discussions have already been held with Burns Fry Ltd.
Burns Fry chairman Jack Lawrence told the newspaper the
investment dealer has not made a final decision, but was
examining 'three or four alternatives.'
Discussions between brokers about possible mergers is to be
expected pending industry deregulation, one investment industry
source, who asked not to be named, told Reuters.
'It's silly not to take a look (at making a merger or
acquisition). If you're a businessman, you have to take a look,'
the industry source said.
Under federal and provincial government regulations
expected to be in place by June 30, banks, trust companies and
foreign companies will be allowed to acquire existing
investment dealers or establish their own securities
subsidiaries.
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training/4235
|
training/4235 |@title american:1 aggregate:1 amag:1 stock:1 acquire:1 |@word consolidated:1 gold:1 field:1 plc:1 arc:2 america:2 corp:2 subsidiary:1 say:1 acquire:2 7:1 521:1 643:1 american:2 aggregates:1 share:3 95:1 pct:1 outstanding:1 result:1 tender:1 offer:1 expire:1 february:1 27:1 soon:1 practicable:1 aggregate:1 convert:1 company:1 remain:1 right:1 receive:1 30:1 625:1 dlrs:1
|
MOST AMERICAN AGGREGATES <AMAG> STOCK ACQUIRED
<Consolidated Gold Fields
PLC>'s ARC America Corp subsidiary said it has acquired
7,521,643 American Aggregates Corp shares, about 95 pct of
those outstanding, as a result of its tender offer which
expired February 27.
As soon as is practicable, ARC America will acquire
American Aggregates, converting the company's remaining shares
into the right to receive 30.625 dlrs a share.
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training/4237
|
training/4237 |@title biotech:1 capital:1 bitc:1 buy:1 magazine:1 |@word biotech:1 capital:1 corp:1 say:2 agree:1 buy:1 high:1 technology:2 magazine:2 goldhirsh:1 group:1 boston:1 term:1 disclose:1 publish:1 information:1 emerge:1 impact:1 business:1 circulation:1 200:1 000:1 large:1 kind:1 world:1 company:1
|
BIOTECH CAPITAL <BITC> TO BUY MAGAZINE
Biotech Capital Corp said it agreed to
buy High Technology magazine from the Goldhirsh Group of
Boston.
Terms were not disclosed.
The magazine publishes information about emerging
technologies and their impact on business. It has a circulation
of 200,000 and is the largest of its kind in the world, the
company said.
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training/4238
|
training/4238 |@title pakistan:1 trade:1 deficit:1 narrow:1 february:1 |@word pakistan:1 trade:1 deficit:1 narrow:1 2:3 64:1 billion:9 rupee:3 provisional:3 february:6 1987:1 85:1 final:3 january:3 compare:3 94:1 1986:3 federal:1 bureau:1 statistic:1 figure:1 show:1 export:1 fall:2 5:2 04:1 34:1 3:1 90:1 import:1 7:1 68:1 8:1 19:1 6:1 84:1
|
PAKISTAN'S TRADE DEFICIT NARROWS IN FEBRUARY
Pakistan's trade deficit narrowed to
2.64 billion rupees (provisional) in February 1987 from 2.85
billion (final) in January and compared with 2.94 billion in
February 1986, the Federal Bureau of Statistics figures show.
Exports fell to 5.04 billion rupees (provisional) in
February from 5.34 billion (final) in January and compared with
3.90 billion in February 1986.
Imports fell to 7.68 billion rupees (provisional) in
February from 8.19 billion (final) in January and compared with
6.84 billion in February 1986.
|
training/4239
|
training/4239 |@title correct:1 insituform:1 north:1 america:1 inc:1 insua:1 |@word 4th:1 qtr:1 shr:2 nine:1 ct:4 vs:8 four:1 net:3 658:1 159:1 299:1 930:1 revs:2 3:1 770:1 341:1 2:2 614:1 224:1 avg:2 shrs:2 7:1 382:1 802:1 6:2 747:1 442:1 year:2 oper:2 33:1 18:1 287:1 179:1 1:2 045:1 799:1 13:2 mln:1 8:1 577:1 853:1 874:1 505:1 5:1 951:1 612:1 note:1 1985:1 exclude:2 000:1 dlr:1 tax:2 credit:2 correct:1 march:1 11:1 item:1
|
CORRECTED-INSITUFORM OF NORTH AMERICA INC<INSUA>
4th qtr
Shr nine cts vs four cts
Net 658,159 vs 299,930
Revs 3,770,341 vs 2,614,224
Avg shrs 7,382,802 vs 6,747,442
Year
Oper shr 33 cts vs 18 cts
Oper net 2,287,179 vs 1,045,799
Revs 13.1 mln vs 8,577,853
Avg shrs 6,874,505 vs 5,951,612
NOTE: 1985 year net excludes 13,000 dlr tax credit.
Corrects March 11 item to exclude tax credit
|
training/424
|
training/424 |@title diagnostic:1 drs:1 make:1 bid:1 rospatch:1 rpch:1 |@word diagnostic:1 retrieval:1 systems:1 inc:1 say:3 make:2 offer:3 acquire:1 wholly:1 unit:1 outstanding:2 share:3 rospatch:4 corp:1 common:2 stock:2 22:1 dlrs:2 cash:2 53:1 mln:1 dr:1 warfare:1 system:1 producer:2 would:1 transaction:1 tender:2 less:1 51:1 pct:1 follow:1 merger:1 label:1 high:1 technology:1 wood:1 purchase:1 price:1 per:1 drs:1 deal:1 subject:1 approval:1 board:1 expire:1 march:1 6:1 1986:1
|
DIAGNOSTIC <DRS> MAKES A BID FOR ROSPATCH <RPCH>
Diagnostic Retrieval Systems Inc
said it has made an offer to acquire, through a wholly owned
unit, all outstanding shares of Rospatch Corp's common stock
for 22 dlrs a share cash, or about 53 mln dlrs.
DRS, a warfare systems producer, said it would make the
transaction through a cash tender offer for all, but not less
than 51 pct, of Rospatch's outstanding common stock followed by
a merger with Rospatch, a labels, high technology and wood
producer, at the same purchase price per share.
DRS said the deal is subject to approval by the Rospatch
board, and the tender offer expires on March 6, 1986.
|
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