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training/4240
|
training/4240 |@title colgate:1 palmolive:1 co:1 cl:1 set:1 quarterly:1 |@word qtly:1 div:1 34:2 ct:2 vs:1 prior:1 pay:1 may:1 15:1 record:1 april:1 24:1
|
COLGATE-PALMOLIVE CO <CL> SETS QUARTERLY
Qtly div 34 cts vs 34 cts prior
Pay May 15
Record April 24
|
training/4241
|
training/4241 |@title co:1 operative:1 bancorp:1 cobk:1 raise:1 quarterly:1 |@word qtly:1 div:1 12:1 1:1 2:1 ct:2 vs:1 10:1 prior:1 pay:1 april:1 15:1 record:1 march:1 31:1
|
CO-OPERATIVE BANCORP <COBK> RAISES QUARTERLY
Qtly div 12-1/2 cts vs 10 cts prior
Pay April 15
Record March 31
|
training/4245
|
training/4245 |@title wilcox:1 gibbs:1 inc:1 wg:1 sets:1 payout:1 |@word semi:1 div:1 7:2 1:2 2:2 ct:2 vs:1 prior:1 pay:1 april:1 30:1 record:1 march:1 31:1
|
WILCOX AND GIBBS INC <WG> SETS PAYOUT
Semi div 7-1/2 cts vs 7-1/2 cts prior
Pay April 30
Record March 31
|
training/4246
|
training/4246 |@title saudi:1 output:1 say:1 year:1 low:1 help:1 opec:1 |@word saudi:8 arabian:1 oil:11 output:3 fall:1 low:4 level:4 year:1 give:1 fresh:1 evidence:1 kingdom:3 determination:1 keep:1 price:5 18:2 dlrs:2 barrel:2 agree:1 opec:6 last:2 december:2 industry:1 source:5 say:10 first:1 eight:2 day:3 march:2 average:5 2:1 6:1 mln:5 per:1 bpd:5 include:1 neutral:1 zone:1 share:1 kuwait:1 compare:1 february:2 3:1 5:1 arabia:5 also:1 sell:1 crude:1 stock:1 tanker:1 around:1 world:2 must:1 count:1 towards:2 member:1 production:4 quota:2 4:1 133:1 indicate:1 large:1 exporter:1 insist:1 get:1 official:2 even:1 cost:1 king:1 fahd:1 reiterate:1 yesterday:1 interview:1 reuters:1 television:1 news:1 agency:1 visnew:1 commitment:1 pact:1 boost:1 completely:1 stick:1 decision:1 export:1 gulf:1 port:1 one:1 end:2 sunday:1 1:1 9:1 allow:1 fluctuate:1 lift:1 nomination:1 try:1 maintain:1 artificially:1 high:1 put:1 storage:1 main:1 buyer:3 four:1 u:1 firm:2 past:2 stake:1 national:1 company:1 aramco:1 mobil:1 exxon:1 texaco:1 chevron:1 enjoy:1 considerable:1 flexibility:1 timing:1 volume:1 lifting:2 bind:1 pay:1 spot:1 market:1 two:1 week:1 still:1 remain:1 major:1 delay:1 hope:1 would:1 improve:1 expect:1 early:1 pick:1 month:1 seek:1 fulfill:1 contractual:1 obligation:1
|
SAUDI OUTPUT SAID AT YEAR LOW TO HELP OPEC
Saudi Arabian oil output has fallen to
its lowest level in more than a year, giving fresh evidence of
the kingdom's determination to keep oil prices at 18 dlrs a
barrel, as agreed by Opec last December, oil industry sources
said.
They said Saudi output in the first eight days of March
averaged 2.6 mln barrels per day (bpd) including oil from the
neutral zone shared with Kuwait, compared to a February average
of 3.5 mln bpd.
They said Saudi Arabia was also selling oil from its crude
oil stocks in tankers around the world, which OPEC says must be
counted towards a member's production quota. Saudi Arabia's
quota is 4.133 mln bpd.
The lower production levels indicated Saudi Arabia, the
world's largest oil exporter, was insisting on getting Opec
official prices, even at the cost of lower production, the
sources said.
King Fahd reiterated yesterday, in an interview with
Reuters and the television news agency Visnews, the Saudi
commitment to OPEC's December pact to boost oil prices to an
average 18 dlrs.
'Saudi Arabia is completely sticking to OPEC decisions,' he
said.
The sources said the kingdom's exports from Gulf ports
averaged one mln bpd during the eight days ending last Sunday,
down from a February average of 1.9 mln bpd.
They said Saudi Arabia was allowing production to fluctuate
with lifting nominations and was not trying to maintain
artificially high levels by putting oil into storage.
The kingdom's main buyers, the four U.S. Oil firms with
past stakes in the national oil company Aramco -- Mobil, Exxon,
Texaco and Chevron -- enjoy considerable flexibility in the
timing and volume of their liftings but are bound to pay
official prices, the sources said.
Spot market prices have firmed in the past two weeks but
still remain below OPEC levels and major buyers have delayed
liftings in the hope they would improve, the sources said.
They expected low early March output to pick up towards the
end of the month as buyers sought to fulfill their contractual
obligations.
|
training/4249
|
training/4249 |@title leader:1 ldco:1 buy:1 petrosurance:1 stake:1 |@word leader:3 development:1 corp:1 say:4 purchase:1 300:1 000:2 share:1 convertible:2 preferred:1 stock:2 petrosurance:4 inc:1 1:1 500:1 dlrs:1 cash:1 real:1 estate:1 specialize:1 property:1 casualty:1 insurance:1 oil:1 industry:1 common:1 already:1 12:1 5:1 pct:2 petrorusrance:1 conversion:1 would:1 give:1 45:1 0:1 company:1 use:1 sale:1 proceed:1 support:1 growth:1 improve:1 structure:1 reinsurance:1 treaty:1 retain:1 large:1 part:1 premium:1 write:1
|
LEADER <LDCO> BUYS PETROSURANCE STAKE
Leader Development Corp said it
has purchased 300,000 shares of convertible preferred stock in
<Petrosurance Inc> for 1,500,000 dlrs in cash and real estate.
Petrosurance specializes in property and casualty insurance
for the oil industry.
Leader said the stock is convertible into a Petrosurance
common. Leader said it already owns 12.5 pct of Petrorusrance
and conversion would give it about 45.0 pct.
The company said Petrosurance will use the sale proceeds to
support growth and improve the structure of its reinsurance
treaties to retain a larger part of premiums written.
|
training/425
|
training/425 |@title record:1 n:1 z:1 future:1 volume:1 trade:1 february:1 |@word volume:1 contract:5 trade:3 new:1 zealand:1 future:1 exchange:1 nzfe:2 reach:1 record:1 25:1 559:1 february:2 international:1 commodities:1 clearing:1 house:1 icch:2 say:2 previous:1 high:1 22:1 583:1 december:1 1986:1 value:1 2:1 90:3 billion:1 n:1 z:1 dlrs:1 seven:1 currently:1 five:1 year:1 government:1 bond:1 share:1 price:1 index:1 day:2 bank:1 bill:1 prime:1 commercial:1 paper:1 u:1 dollar:1 crossbreed:1 wool:1 wheat:1
|
RECORD N.Z. FUTURES VOLUMES TRADED IN FEBRUARY
The volume of contracts traded on the
New Zealand Futures Exchange (NZFE) reached a record 25,559
contracts in February, the International Commodities Clearing
House (ICCH) said.
The previous high was 22,583 contracts in December 1986.
The ICCH said the value of the contracts traded in February
was 2.90 billion N.Z. Dlrs.
The seven contracts currently traded on the NZFE are:
five-year government bonds, the share price index, 90-day bank
bills, 90-day prime commercial paper, the U.S. Dollar,
crossbred wool, and wheat.
|
training/4253
|
training/4253 |@title federal:1 realty:1 investment:1 trust:1 frt:1 payout:1 |@word qtly:1 div:1 27:2 ct:2 vs:1 prior:1 pay:1 april:1 15:1 record:1 march:1 25:1
|
FEDERAL REALTY INVESTMENT TRUST <FRT> IN PAYOUT
Qtly div 27 cts vs 27 cts prior
Pay April 15
Record March 25
|
training/4255
|
training/4255 |@title white:1 house:1 welcome:1 retail:1 sale:1 figure:1 |@word white:1 house:1 welcome:1 february:2 retail:1 sale:3 figure:2 show:2 4:1 1:1 pct:1 rise:2 follow:2 slow:1 performance:1 january:2 spokesman:1 marlin:1 fitzwater:1 tell:1 reporter:1 growth:1 broad:1 base:1 good:1 news:1 economy:1 commerce:1 department:1 large:1 expect:1 depressed:1 level:1 factory:1 order:1
|
WHITE HOUSE WELCOMES RETAIL SALES FIGURES
The White House welcomed the
February retail sales figures showing a 4.1 pct rise, following
a slow performance in January.
Spokesman Marlin Fitzwater told reporters: 'The February
sales growth was broad-based and good news for the economy.'
Commerce Department figures showed a larger than expected
rise following depressed levels of sales and factory orders in
January.
|
training/4257
|
training/4257 |@title beauticontrol:1 cosmetics:1 inc:1 buti:1 1st:1 qtr:1 net:1 |@word qtr:1 end:1 feb:1 28:1 shr:1 10:1 ct:2 vs:3 17:1 net:1 411:1 275:1 584:1 118:1 revs:1 4:2 977:1 818:1 714:1 581:1
|
BEAUTICONTROL COSMETICS INC <BUTI> 1ST QTR NET
Qtr ends Feb 28
Shr 10 cts vs 17 cts
Net 411,275 vs 584,118
Revs 4,977,818 vs 4,714,581
|
training/4258
|
training/4258 |@title old:1 dominion:1 systems:1 inc:1 odsi:1 1st:1 qtr:1 jan:1 31:1 |@word shr:1 loss:2 11:1 ct:2 vs:3 profit:2 five:1 net:1 279:1 726:1 76:1 591:1 revs:1 1:1 300:1 000:2 2:1 200:1
|
OLD DOMINION SYSTEMS INC <ODSI> 1ST QTR JAN 31
Shr loss 11 cts vs profit five cts
Net loss 279,726 vs profit 76,591
Revs 1,300,000 vs 2,200,000
|
training/4259
|
training/4259 |@title sweden:1 set:1 october:1 deadline:1 africa:1 boycott:1 |@word sweden:1 announce:1 promise:1 program:1 unilateral:1 economic:1 sanction:1 south:5 africa:4 give:2 firm:2 october:2 deadline:1 cut:1 trading:1 link:1 foreign:1 trade:5 minister:1 anita:1 gradin:3 say:3 boycott:3 neighbouring:1 namibia:1 would:6 take:1 effect:1 july:1 1:2 follow:1 three:1 month:1 period:1 grace:1 company:1 time:1 wind:1 operation:1 direct:1 allow:1 either:1 direction:1 certain:1 exception:2 cover:1 medical:1 supply:1 print:1 matter:1 tell:1 news:1 conference:1 also:1 grant:1 case:1 swedish:2 benefit:1 african:1 disadvantage:1 black:1 rule:1 neighbour:1 front:1 line:1 state:1 caution:1 legislation:1 upon:1 base:1 impossible:1 get:1 round:1 parliamentary:1 committee:1 investigate:1 way:1 close:1 big:1 loophole:1 include:1 indirect:1 via:1 subsidiary:1 third:1 country:1
|
SWEDEN SETS OCTOBER DEADLINE FOR S.AFRICA BOYCOTT
Sweden announced its promised program
of unilateral economic sanctions against South Africa and gave
firms an October deadline to cut trading links.
Foreign Trade Minister Anita Gradin said a trade boycott of
South Africa and neighbouring Namibia would take effect from
July 1, followed by a three-month period of grace to give
companies time to wind down their operations.
From October 1, no direct trade would be allowed in either
direction, with certain exceptions covering medical supplies
and printed matter, Gradin told a news conference.
She said exceptions would also be granted in cases where a
Swedish trade boycott would benefit South African firms and
disadvantage South Africa's black-ruled neighbours, the
front-line states.
Gradin cautioned that legislation upon which the boycott
would be based was not impossible to get round. She said a
parliamentary committee would investigate ways of closing some
of the bigger loopholes, including indirect trade with South
Africa via Swedish subsidiaries in third countries.
|
training/4261
|
training/4261 |@title fidelity:1 national:1 financial:1 inc:1 fnf:1 1st:1 qtr:1 |@word jan:1 31:1 end:1 shr:1 profit:2 49:1 ct:1 vs:4 loss:2 give:1 net:1 1:2 360:1 000:4 241:1 revs:1 20:1 8:1 mln:2 14:1 3:1 avg:1 shrs:1 2:1 760:1 970:1
|
FIDELITY NATIONAL FINANCIAL INC <FNF> 1ST QTR
Jan 31 end
Shr profit 49 cts vs loss not given
Net profit 1,360,000 vs loss 241,000
Revs 20.8 mln vs 14.3 mln
Avg shrs 2,760,000 vs 1,970,000
|
training/4266
|
training/4266 |@title british:1 telecom:1 cautious:1 earning:1 prospect:1 |@word british:4 telecommunications:2 plc:2 bty:1 l:2 profit:5 growth:3 prospect:1 come:1 year:4 reduce:1 increase:2 competition:1 continued:1 cost:2 replace:1 old:1 telephone:3 system:3 deputy:1 chairman:1 graeme:1 odgers:1 say:9 speak:1 news:1 conference:1 third:1 quarter:2 result:3 release:1 earlier:1 today:1 odger:4 company:4 face:1 heavy:1 instal:1 new:1 digital:1 britain:1 three:1 five:1 mercury:3 communications:1 ltd:2 cable:1 wireless:1 cawl:1 subsidiary:1 become:1 significant:1 competitor:1 seek:2 make:1 inroad:1 telecom:3 profitable:1 area:1 one:1 official:1 privately:1 estimate:1 still:1 99:1 pct:4 share:3 u:1 k:1 market:2 fear:1 could:2 slip:1 95:1 90:1 recent:1 two:3 half:1 week:1 engineering:1 strike:2 lead:1 disruption:1 service:1 well:1 encourage:1 client:1 consider:1 use:1 however:1 forecast:3 last:1 overall:2 adversely:1 affect:1 walkout:1 calculate:1 salary:1 saving:1 50:1 mln:1 stg:2 loss:1 income:1 call:1 limit:2 revenue:1 probably:1 drop:1 peripheral:1 activity:1 balance:1 group:1 financial:2 strength:1 economy:1 scale:1 fact:1 operate:1 industry:1 help:2 produce:1 annual:1 forseeable:1 future:1 also:1 expand:1 manufacturing:1 add:1 research:1 development:1 expenditure:1 rise:3 term:1 value:1 compare:1 current:1 proportion:1 turnover:1 analyst:1 downbeat:1 dip:1 242p:1 mid:1 afternoon:1 4p:1 yesterday:1 close:1 early:1 high:1 248p:1 philip:1 augar:2 stockbroker:1 wood:1 mackenzie:1 co:1 expect:1 slow:1 seven:1 eight:1 earning:1 per:1 pretax:1 next:1 1985:1 86:1 pre:1 tax:1 1:2 81:1 billion:2 48:1 note:1 government:1 impose:1 formula:1 linking:1 charge:1 inflation:2 mean:1 scope:1 raise:1 price:1 long:1 remain:1 low:1
|
BRITISH TELECOM CAUTIOUS ON EARNINGS PROSPECTS
British Telecommunications Plc's <BTY.L>
profit growth prospects for the coming years will be reduced by
increasing competition and continued costs for replacing old
telephone systems, deputy chairman Graeme Odgers said.
Speaking at a news conference on the third quarter results
which were released earlier today, Odgers said the company
faced heavy costs for installing new digital telephone systems
in Britain for three to five years.
He said <Mercury Communications Ltd>, a Cable and Wireless
Plc <CAWL.L> subsidiary, was becoming a significant competitor.
Odgers said Mercury was seeking to make inroads into some
of British Telecom's most profitable areas.
One company official privately estimated that British
Telecom still had a 99 pct share of the U.K. Telecommunications
market but feared that this could slip to 95 or 90 pct.
The recent two-and-a-half-week engineering strike, which
lead to some disruption in service, could well have encouraged
clients to consider using the Mercury system, Odgers said.
However, he forecast that the last quarter's results
overall should not be adversely affected by the walkout.
He calculated salary savings as a result of the strike at
50 mln stg and while loss of income on telephone calls should
be limited revenue probably dropped on peripheral activities.
But on balance Odgers said that group's financial strength,
economies of scale and the fact that it operates in a growth
industry will help produce annual profit increases for the
forseeable future.
British Telecom will also seek to expand into
manufacturing, he said, adding that research and development
expenditure will rise both in terms of value and compared with
the current proportion of two pct of overall turnover.
Analysts said the company's downbeat forecasts helped
shares dip to 242p in mid-afternoon, down 4p from yesterday's
close and off an early high of 248p.
Philip Augar of stockbrokers Wood Mackenzie and Co Ltd said
the market expects slower profit growth, but forecast a seven
to eight pct rise in both earnings per share and pretax profit
over the next two years. In the 1985/86 financial year, pre-tax
profit rose to 1.81 billion stg from 1.48 billion.
Augar noted that a government-imposed formula linking
charges to inflation meant that the company's scope for raising
prices was limited as long as inflation remains low.
|
training/4267
|
training/4267 |@title near:1 term:1 brazil:1 coffee:1 move:1 expect:1 |@word brazilian:2 coffee:5 institute:1 ibc:3 unlikely:2 disclose:1 future:1 export:12 policy:2 end:1 next:1 week:2 early:1 trade:2 source:4 say:9 president:1 jorio:1 dauster:5 meet:2 government:2 minister:1 producer:3 exporter:7 market:4 analyst:1 assess:1 brazil:13 position:3 light:1 failure:2 talk:6 london:2 earlier:1 month:3 set:3 new:2 international:1 organization:1 ico:5 quota:5 mean:2 get:1 rethink:1 completely:1 one:2 santo:1 meeting:1 national:1 council:1 thursday:1 march:1 19:1 almost:2 certainly:1 explain:1 plan:3 member:3 announce:1 measure:1 tell:1 reporter:1 return:1 last:2 decision:1 would:8 make:1 hold:1 sector:1 industry:1 great:1 pressure:2 start:1 marketing:3 immediately:1 world:3 price:4 recover:1 low:2 follow:1 collapse:1 sell:3 reasonable:1 5:4 mln:11 bag:8 60:1 kilo:1 first:1 four:1 year:4 key:1 factor:1 eventual:1 opening:1 may:2 june:2 registration:3 amount:3 contribution:1 little:1 expectation:1 sale:2 incentive:1 mechanism:1 discount:1 bonus:1 fall:2 guarantee:1 introduce:1 level:1 decisive:1 determine:1 competitiveness:1 note:1 february:1 16:2 eve:1 increase:1 april:1 open:2 close:1 1:2 68:1 register:1 record:1 single:1 day:1 similar:1 condition:1 difficulty:1 least:2 2:2 0:3 per:1 problem:2 limit:1 present:1 foreign:2 payment:1 boost:1 maximise:1 exchange:1 earning:2 however:2 expect:1 adopt:1 strategy:1 aim:1 regain:1 dominant:1 without:1 cause:1 war:1 general:1 opinion:1 among:1 17:1 18:1 non:1 15:1 around:2 figure:1 offer:2 ship:1 reintroduce:1 although:1 expire:1 breakdown:1 prospect:1 crop:1 28:1 capacity:1 20:1 local:1 consumption:1 7:1 add:2 even:1 consider:1 quantity:1 inevitably:1 lead:1 try:1 encroach:1 maximum:1 achieve:1 orderly:1 traditional:1 thus:1 establish:1 share:1 unusually:1 9:2 enable:1 rebuild:1 stock:1 maintain:1 cordial:1 relation:1 group:1 back:1 stance:1
|
NO NEAR TERM BRAZIL COFFEE MOVES EXPECTED
The Brazilian Coffee Institute,
IBC, is unlikely to disclose its future export policy until the
end of next week at the earliest, trade sources said.
IBC president Jorio Dauster is meeting government
ministers, producers, exporters and market analysts to assess
Brazil's position in the light of the failure of talks in
London earlier this month to set new International Coffee
Organization, ICO, export quotas.
'The failure of the talks means Brazil has got to rethink
its position completely,' one Santos exporter said.
A meeting of the National Coffee Policy Council is set for
Thursday, March 19, and Dauster will almost certainly explain
his plan to members then before announcing any new measures.
Dauster told reporters on his return from London last week
that no decisions would be made on exports before he had held
talks with all sectors of the industry.
Exporters said Dauster is not under any great pressure to
start marketing coffee immediately. World prices have been
recovering from the lows which followed the collapse of the ICO
talks and Brazil has sold a reasonable 5.5 mln bags of 60 kilos
for export in the first four months of this year.
The exporters said the key factor in the eventual opening
of May and June export registrations will be the amount at
which the contribution quota is set.
With little expectation of other sales incentive mechanisms
such as discounts, bonuses and price fall guarantees being
introduced, the level of the quota will be decisive in
determining the competitiveness of Brazilian coffee on world
markets, they said.
They noted that on February 16, the eve of a planned
increase in the quota, April registrations were opened and
closed after 1.68 mln bags were registered for export, a record
amount for a single day.
If May/June registrations are opened under similar
conditions as before, Brazil would have no difficulty in
selling at least 2.0 mln bags per month.
'The problem would be how to limit sales,' one exporter said.
Brazil's present foreign trade and payments problems mean
there are pressures from the government to boost exports to
maximise foreign exchange earnings.
However, the sources said they expect the IBC to adopt a
marketing strategy aimed at regaining Brazil's dominant
position as an exporter, but without causing a price war.
General opinion among exporters was that Brazil would plan
to export between 17 and 18 mln bags this year of which between
1.5 and 2.0 mln would be to non-members of the ICO.
The 15.5 mln to 16 mln bags sold to members would be around
the figure Brazil had offered to ship if ICO quotas were
reintroduced, although Dauster has said this offer expired with
the breakdown of talks.
With the prospects of a crop of at least 28 mln bags this
year, Brazil has the capacity to export up to 20 mln bags after
meeting local consumption of around 7.0 mln, the sources added.
However, the sources said Brazil is unlikely even to
consider exporting such quantities, as this would almost
inevitably lead to a fall in world prices as Brazil tried to
encroach on other producers' markets.
Maximum export earnings would be achieved by orderly
marketing of traditional amounts, thus re-establishing Brazil's
market share after last year's unusually low exports of 9.9 mln
bags, enabling it to rebuild stocks and maintaining cordial
relations with the producer group which backed Brazil's stance
at the ICO talks, they added.
|
training/4273
|
training/4273 |@title tenney:1 engineering:1 inc:1 tny:1 4th:1 qtr:1 net:1 |@word shr:2 two:1 ct:4 vs:6 nine:1 net:2 86:1 469:1 325:1 937:1 rev:1 5:1 119:1 637:1 6:1 390:1 995:1 12:1 mth:1 10:1 33:1 354:1 820:1 1:1 148:1 476:1 revs:1 21:1 2:2 mln:2 23:1
|
TENNEY ENGINEERING INC <TNY> 4TH QTR NET
Shr two cts vs nine cts
Net 86,469 vs 325,937
Revs 5,119,637 vs 6,390,995
12 mths
Shr 10 cts vs 33 cts
Net 354,820 vs 1,148,476
Revs 21.2 mln vs 23.2 mln
|
training/4275
|
training/4275 |@title fed:1 expect:1 add:1 reserve:1 |@word federal:2 reserve:3 expect:1 intervene:1 government:1 security:1 market:1 today:1 several:1 economist:2 say:3 fed:2 much:1 adding:1 need:1 week:1 may:2 wait:1 tomorrow:1 monday:1 supply:1 outside:1 chance:1 inject:1 indirectly:1 via:1 small:1 round:1 customer:1 repurchase:1 agreement:1 fund:1 hover:1 6:2 1:1 8:1 pct:2 morning:1 average:1 32:1 yesterday:1
|
FED NOT EXPECTED TO ADD RESERVES
The Federal Reserve is not expected to
intervene in the government securities market today, several
economists said.
They said the Fed does not have a much of an adding need
this week and may wait until tomorrow or Monday before
supplying reserves.
But a few economists said there was an outside chance that
the Fed may inject reserves indirectly via a small round of
customer repurchase agreements.
Federal funds hovered at 6-1/8 pct this morning after
averaging 6.32 pct yesterday.
|
training/4276
|
training/4276 |@title modern:1 controls:1 inc:1 mocon:1 4th:1 qtr:1 net:1 |@word shr:2 10:1 ct:4 vs:6 11:1 net:2 226:1 000:4 236:1 sale:2 1:3 3:1 mln:4 5:2 year:1 38:1 45:1 819:1 001:1 8:1 6:1 4:1
|
MODERN CONTROLS INC <MOCON> 4TH QTR NET
Shr 10 cts vs 11 cts
Net 226,000 vs 236,000
Sales 1.3 mln vs 1.5 mln
Year
Shr 38 cts vs 45 cts
Net 819,000 vs 1,001,000
Sales 5.8 mln vs 6.4 mln
|
training/4277
|
training/4277 |@title instinet:1 inet:1 set:1 meet:1 merger:1 |@word instinet:10 corp:1 say:5 board:1 schedule:1 special:2 shareholder:3 meeting:4 may:1 21:1 vote:2 propose:1 merger:7 reuters:4 holdings:1 plc:1 rtrsy:1 record:1 april:1 10:3 eligible:1 date:2 subject:1 adjustment:1 base:1 length:1 time:1 need:1 u:1 securities:1 exchange:1 commission:1 complete:1 review:1 filing:2 proxy:2 material:2 expect:2 make:1 end:1 march:1 preliminary:1 tie:1 finalization:1 audit:1 financial:1 statement:1 reuter:2 1986:1 agreement:1 enter:1 november:1 tender:2 5:1 mln:1 common:1 share:5 45:1 pct:2 already:1 result:1 49:1 holder:1 remain:1 receive:1 8:1 50:1 dlrs:1 american:1 depositary:1 ad:1 value:1 average:1 closing:1 price:1 trading:1 day:1 effective:2 become:1 soon:1 possible:1 approval:1
|
INSTINET <INET> SETS MEETING ON MERGER
Instinet Corp said its board has
scheduled a special shareholders' meeting for May 21 to vote on
its proposed merger into Reuters Holdings PLC <RTRSY>.
It said shareholders of record as of April 10 will be
eligible to vote at the meeting.
Instinet said the meeting date is subject to adjustment,
based on the length of time needed for the U.S. Securities and
Exchange Commission to complete its review of the filing of
merger proxy materials, which Instinet expects to make before
the end of March.
Instinet said the filing of the preliminary merger proxy
materials is tied to the finalization of audited financial
statements of Instinet and Reuters for 1986.
Under a merger agreement entered into in November, Reuters
tendered for up to 5.10 mln Instinet common shares, or about 45
pct of those not already owned by Reuters. As a result of the
tender, Reuters now owns about 49 pct of Instinet shares.
In the merger, holders of remaining Instinet shares will
receive 8.50 dlrs of Reuters American Depositary Shares for
each Instinet share.
The ADS's will be valued at the average of their closing
prices in the 10 trading days before the effective date of the
merger.
Instinet said it expects the merger to become effective as
soon as possible after shareholder approval at the special
meeting.
|
training/4278
|
training/4278 |@title ec:2 grant:2 5:2 000:2 tonne:2 soft:2 wheat:2 export:2 licence:2 134:2 75:2 ecu:2 rebate:2 brussels:2 trade:2 |@word
|
EC GRANTS 5,000 TONNES SOFT WHEAT EXPORT LICENCES AT 134.75 ECU REBATE - BRUSSELS TRADE
EC GRANTS 5,000 TONNES SOFT WHEAT EXPORT LICENCES AT 134.75 ECU REBATE - BRUSSELS TRADE
|
training/4279
|
training/4279 |@title dayton:2 hudson:2 corp:2 4th:2 qtr:2 oper:2 shr:2 1:4 24:2 dlrs:4 vs:2 55:2 |@word
|
DAYTON HUDSON CORP 4TH QTR OPER SHR 1.24 DLRS VS 1.55 DLRS
DAYTON HUDSON CORP 4TH QTR OPER SHR 1.24 DLRS VS 1.55 DLRS
|
training/4280
|
training/4280 |@title ec:2 grants:1 licence:2 35:4 000:2 tonne:2 barley:2 137:2 ecus:2 rebate:2 brussels:2 trade:2 grant:1 |@word
|
EC GRANTS LICENCES FOR 35,000 TONNES BARLEY AT 137.35 ECUS REBATE - BRUSSELS TRADE
EC GRANTS LICENCES FOR 35,000 TONNES BARLEY AT 137.35 ECUS REBATE - BRUSSELS TRADE
|
training/4281
|
training/4281 |@title union:2 pacific:2 say:2 sign:2 pact:2 caracas:2 march:2 17:2 sale:2 half:2 corpus:2 christi:2 refinery:2 |@word
|
UNION PACIFIC SAYS WILL SIGN PACT IN CARACAS ON MARCH 17 FOR SALE OF HALF ITS CORPUS CHRISTI REFINERY
UNION PACIFIC SAYS WILL SIGN PACT IN CARACAS ON MARCH 17 FOR SALE OF HALF ITS CORPUS CHRISTI REFINERY
|
training/4282
|
training/4282 |@title cyacq:2 offer:2 raise:2 cyclop:2 buyout:2 92:2 50:2 dlrs:4 shr:2 80:2 |@word
|
CYACQ OFFERS TO RAISE CYCLOPS BUYOUT TO 92.50 DLRS/SHR FROM 80 DLRS
CYACQ OFFERS TO RAISE CYCLOPS BUYOUT TO 92.50 DLRS/SHR FROM 80 DLRS
|
training/4284
|
training/4284 |@title waste:2 management:2 say:2 wait:2 period:2 end:2 chemlawn:2 bid:2 |@word
|
WASTE MANAGEMENT SAYS WAITING PERIOD ENDS ON ITS CHEMLAWN BID
WASTE MANAGEMENT SAYS WAITING PERIOD ENDS ON ITS CHEMLAWN BID
|
training/4285
|
training/4285 |@title petrie:1 stores:1 corp:1 pst:1 regular:1 payout:1 |@word qtrly:1 div:1 17:2 5:2 ct:2 vs:1 prior:1 pay:1 april:2 20:1 record:1 2:1
|
PETRIE STORES CORP <PST> REGULAR PAYOUT
Qtrly div 17.5 cts vs 17.5 cts prior
Pay April 20
Record April 2
|
training/4286
|
training/4286 |@title unilever:1 fragrance:1 unit:1 low:1 1986:1 earning:1 |@word flavour:1 fragrance:1 firm:1 naarden:3 international:1 n:2 v:2 acquire:1 anglo:1 dutch:1 food:1 detergent:1 group:1 unilever:1 plc:1 un:1 last:3 year:3 say:2 net:2 profit:2 1986:1 fall:3 11:1 4:2 pct:1 19:1 5:2 mln:4 guilde:4 earning:2 hit:1 value:1 dollar:1 sterling:1 note:1 figure:1 line:1 prior:1 expectation:1 22:1 0:1 1985:2 per:1 share:2 64:1 48:1 turnover:1 627:1 8:1 662:1 6:1 set:1 cash:1 dividend:1 1:1 80:1 unchanged:1 without:1 option:1 payment:1
|
UNILEVER FRAGRANCE UNIT HAS LOWER 1986 EARNINGS
The flavours and
fragrances firm <Naarden International N.V.>, acquired by
Anglo-Dutch food and detergents group Unilever Plc N.V. <UN.AS>
last year, said net profits for 1986 fell 11.4 pct to 19.5 mln
guilders.
Naarden said earnings were hit by the fall in the value of
both the dollar and sterling, noting the figure was in line
with prior expectations. Net profit was 22.0 mln guilders in
1985.
Earnings per share fell to 4.64 guilders from 5.48 in 1985
on turnover of 627.8 mln, down from 662.6 mln. Naarden set a
cash dividend of 1.80 guilders, unchanged from last year but
without last year's share option for payment.
|
training/4288
|
training/4288 |@title eagle:1 pitcher:1 industries:1 inc:1 epi:1 1st:1 qtr:1 net:1 |@word shr:1 81:2 ct:2 vs:4 net:1 8:2 750:1 024:1 7:1 772:1 932:1 revs:1 157:1 6:2 mln:4 162:1 4:1 avg:1 shrs:1 10:1 9:1
|
EAGLE-PITCHER INDUSTRIES INC <EPI> 1ST QTR NET
Shr 81 cts vs 81 cts
Net 8,750,024 vs 7,772,932
Revs 157.6 mln vs 162.4 mln
Avg shrs 10.8 mln vs 9.6 mln
|
training/4289
|
training/4289 |@title portugal:1 grain:1 agency:1 bar:1 import:1 tender:1 |@word portuguese:2 court:4 make:1 preliminary:2 ruling:4 state:3 grain:5 buy:1 agency:2 epac:8 allow:2 take:4 part:3 public:4 import:6 tender:6 open:4 private:4 importer:1 trader:6 official:1 say:8 term:1 portugal:2 january:1 1986:1 accession:2 european:1 community:1 ec:4 monopoly:2 hold:2 empresa:1 publica:1 de:2 abastecimento:1 cereais:1 reduce:1 20:2 pct:2 annually:1 liberalise:2 1990:1 protest:1 last:1 year:1 permit:1 first:1 share:1 country:1 annual:1 need:1 oilseed:1 importers:1 association:1 acico:3 legal:1 proceeding:2 stop:1 participate:1 miguel:1 ascensao:2 tell:1 reuters:1 lisbon:1 civil:1 decide:1 trade:1 source:1 though:1 effective:1 immediately:1 subject:1 appeal:1 would:2 confirm:1 member:1 government:1 cereal:1 market:1 commission:4 result:1 decision:1 able:1 accept:1 offer:1 today:1 80:1 000:1 tonne:1 corn:1 participation:2 violate:1 clause:1 treaty:1 deal:1 gradual:1 dismantling:1 also:1 still:1 control:1 national:1 storage:1 distribution:1 network:1 unfair:1 competition:1 believe:1 executive:1 unlikely:1 get:1 involve:1 dispute:1 prefer:1 leave:1 case:2 resolve:1 internal:1 issue:1 keep:1 low:1 profile:1 one:1 ready:1 brussels:1 necessary:1
|
PORTUGAL GRAIN AGENCY BARRED FROM IMPORT TENDERS
A Portuguese court has made a
preliminary ruling that the state grain buying agency EPAC
should not be allowed to take part in public import tenders
open to private importers, grain traders and officials said.
Under the terms of Portugal's January 1986 accession to the
European Community, EC, a grain import monopoly held by EPAC
(Empresa Publica de Abastecimento de Cereais) is being reduced
by 20 pct annually until all imports are liberalised in 1990.
Private traders protested last year that EPAC was being
permitted to take part in tenders open to them for the first
liberalised 20 pct share of the country's annual import needs.
The grain and oilseed importers association ACICO opened legal
proceedings to stop EPAC participating in the public tenders.
Miguel Ascensao of ACICO told Reuters that Lisbon's civil
court, in a preliminary ruling, had decided EPAC should not be
allowed to take part in tenders open to private traders.
Trade sources said the ruling, though effective
immediately, was subject to appeal and would have to be
confirmed in further proceedings.
A member of the government Cereals Market Commission said
that, as a result of the court's decision, the Commission would
not be able to accept offers from EPAC in a public tender being
held today for the import of 80,000 tonnes of corn.
Ascensao said the court ruling stated that EPAC's
participation in the public tenders violated the clauses of
Portugal's EC accession treaty dealing with the gradual
dismantling of the state agency's import monopoly.
It also said the participation of EPAC, which still
controls the national grain storage and distribution network,
was unfair competition to the private traders.
Traders said they believed the EC's Executive Commission
was unlikely to get involved in the dispute, preferring to
leave the case to be resolved as an internal Portuguese issue.
'They (the EC Commission) will be keeping a low profile,' one
trader said.
ACICO says it is ready to take its case to Brussels if
necessary.
|
training/4290
|
training/4290 |@title u:2 retail:1 sale:1 rise:1 mask:1 weak:1 trend:1 analyst:1 |@word retail:6 sale:23 rise:9 sharply:1 february:15 many:1 economist:5 say:16 underlying:2 consumer:3 spending:5 trend:4 remain:1 weak:2 jump:2 4:8 1:10 pct:25 2:3 5:3 3:2 0:8 financial:1 market:2 anticipate:1 january:13 revise:2 7:5 drop:3 previously:3 report:7 8:4 decline:5 toward:1 continue:1 certainly:1 much:2 sluggish:1 pace:2 maude:3 midland:1 montagu:1 capital:2 markets:2 inc:3 average:4 wide:1 swing:1 datum:5 past:1 four:2 month:2 show:1 slow:1 combine:1 late:2 6:3 november:1 gain:10 december:1 compare:3 year:2 see:3 pattern:1 develop:1 surprised:1 fall:5 march:3 especially:1 since:1 probably:3 win:1 boost:2 auto:6 despite:1 impress:1 robust:1 total:5 exclude:2 increase:4 non:4 broadbase:1 durable:4 good:3 well:1 note:3 ward:1 mccarthy:2 merrill:1 lynch:1 pretty:1 healthy:1 building:1 material:1 general:1 merchandise:1 store:1 sign:1 life:1 economy:2 conclusion:1 extrapolate:1 future:1 disposable:2 personal:1 income:2 may:2 link:1 new:2 tax:3 law:2 help:1 spend:2 lot:1 people:2 inadvertently:1 withhold:1 taxis:1 paycheck:1 country:1 get:1 inclination:1 go:1 tomorrow:1 release:1 u:2 first:4 10:1 day:1 important:1 indicator:1 sector:1 add:1 quarter:3 account:2 lion:1 share:1 14:1 follow:3 27:1 22:1 due:1 largely:1 expiration:1 deduction:1 commerce:1 department:1 argue:1 also:2 strength:3 less:1 impressive:1 low:1 level:1 beth:1 reiners:1 dean:1 witter:1 reynolds:1 precursor:1 continued:1 17:1 gasoline:1 service:1 station:1 two:1 9:1 high:1 oil:1 price:1 rather:1 volume:1 gas:1 reiner:1 emphasize:1 weaken:1 123:1 billion:2 dlrs:4 fourth:1 1986:1 seasonally:1 adjust:1 117:1 52:1 bilion:1 122:1 29:1 look:3 like:1 120:1 121:1 mln:1 quartrer:1 indication:1 barrel:1 along:1 number:1 really:1 problematic:1 constructive:1 bond:1 agree:1 elliot:1 platt:2 donaldsen:1 lufkin:1 jenrette:1 securities:1 corp:1 foresee:1 potential:1 tight:1 monetary:1 policy:1 basis:1 fed:2 hold:1 confusing:1 337:1 000:1 farm:1 payroll:1 employment:1 would:1 discount:1 rate:1 cut:1 official:1 wait:1 real:1 gross:1 national:1 product:1 april:1 sort:1 thing:1
|
U.S. RETAIL SALES RISE MASKS WEAK TREND - ANALYSTS
U.S. retail sales rose sharply in
February but many economists said the underlying consumer
spending trend remains weak.
February retail sales jumped 4.1 pct, more than the 2.5-3.0
pct rise the financial markets had anticipated. But January's
sales were revised down to a 7.4 pct drop, from a previously
reported 5.8 pct decline.
'The trend is toward continued spending but certainly at a
much more sluggish pace,' said Don Maude of Midland Montagu
Capital Markets Inc.
Maude averaged out the wide swings in the retail sales data
over past four months to show that the pace of consumer
spending is slowing.
Combining the latest data with a 0.6 pct drop in November
and a 4.6 pct gain in December, the average retail sales gain
over the four months was 0.2 pct, he said, compared to to a 0.4
pct rise for year-over-year sales through February.
'You can see a pattern developing,' Maude said. 'I wouldn't
be surprised to see a fall-off in March, especially since sales
probably won't be boosted by auto sales as they were in
February.'
Despite the weak underlying trend, economists were
impressed by a robust 1.5 pct gain in total sales excluding
autos in February. This compared to a revised 0.4 pct decline
in January, previously reported as a 0.1 pct decline.
'The increase in non-auto sales was broadbased, with gains
in durable goods as well as non-durables,' noted Ward McCarthy
of Merrill Lynch Capital Markets Inc. 'It was a pretty healthy
report.'
He noted that building materials rose 1.8 pct in February
after falling 1.7 pct in January. General merchandise store
sales gained 1.4 pct after a 1.6 pct rise in January.
'There are signs of life in the economy,' McCarthy said.
'But it's jumping to conclusions to extrapolate this report
into the future.'
A 0.7 pct increase in disposable personal income in January
which may be linked to the new tax laws probably helped boost
spending in February, he said.
'A lot of people may be inadvertently under-withholding
taxes from their paychecks,' he said. 'When people in this
country get an increase in disposable income, the inclination
is to go out and spend it,' he said.
Economists said tomorrow's release of U.S. auto sales for
the first 10 days of March will be an important indicator of
how much this sector will add to first quarter spending.
Auto sales accounted for the lion's share of total
February sales, rising 14.4 pct. This followed a 27.7 pct drop
in January, previously reported as a 22.4 pct fall, due largely
to the expiration of the sales tax deduction under new tax laws
January 1, the Commerce Department noted.
Some economists argued that the because the gain in total
sales excluding autos also followed a decline in January, the
strength in the February report is less than impressive.
'There is strength in the February data, but that's because
they were compared to low sales levels in January,' said said
Beth Reiners of Dean Witter Reynolds Inc. 'We don't see it as a
precursor of continued strength.'
Durable goods sales rose 8.8 pct in February, after falling
17.7 pct in January. February non-durable goods sales gained
1.3 pct, after declining 0.2 pct in January.
Gasoline service station sales rose two pct in February,
following a 1.9 pct gain in January, but economists said higher
oil prices rather than an increased volume of gas sales
probably accounted for these gains.
Reiners also emphasized that the trend in consumer spending
is weakening. Total retail sales on average were 123 billion
dlrs in the fourth quarter of 1986, she said. In January, they
fell to a seasonally adjusted 117.52 bilion dlrs, and in
February rose to 122.29 billion dlrs.
'On average, it looks like they'll total 120 to 121 mln
dlrs in the first quartrer,' she said. 'We don't look at this
as indication that the economy is barrelling along.'
'The number is not really that problematic for those of us
who are constructive on the bond market,' agreed Elliot Platt
of Donaldsen Lufkin and Jenrette Securities Corp.
Platt does not foresee potential for tighter monetary
policy on the basis of the latest retail sales report.
'The Fed is on hold now because the data have been so
confusing,' he said.
'Before the 337,000 gain in February non-farm payroll
employment, I would have looked for a discount rate cut in
March,' he said. 'But now Fed officials will have to wait for
the first quarter real U.S. gross national product data in
April to sort things out.'
|
training/4291
|
training/4291 |@title magma:1 mgcpv:1 see:1 profitable:1 copper:1 production:1 |@word newmont:10 mining:1 corp:1 nem:1 say:7 magma:8 copper:6 co:1 anticipate:1 able:1 produce:1 profit:1 1991:1 assume:1 price:2 remain:1 current:1 level:1 information:1 statement:1 distribute:1 shareholder:1 explain:1 dividend:2 share:4 declare:1 tuesday:1 net:4 loss:7 46:1 6:2 mln:9 dlrs:10 1986:4 add:2 equal:1 1:4 22:1 ct:1 holder:1 receive:1 80:1 pct:4 stock:2 one:1 30:1 458:1 000:2 hold:1 retain:1 15:1 pro:1 forma:1 basis:2 historical:1 58:1 operation:1 42:1 3:2 dec:1 31:1 85:1 0:3 operating:1 carryforward:1 expire:2 1999:1 2000:2 4:3 investment:1 tax:3 credit:1 carryover:1 2001:1 pre:2 290:1 1981:1 1985:2 period:2 note:1 five:2 major:1 u:1 primary:1 producer:1 report:1 aggregate:1 9:1 billion:1 year:2 total:1 sale:3 347:1 last:1 include:1 293:1 value:1 267:1 reflect:1 10:1 increase:1 quantity:1 sell:1 212:1 short:1 ton:1 decrease:1
|
MAGMA <MGCPV> SEES PROFITABLE COPPER PRODUCTION
Newmont Mining Corp <NEM> said Magma
Copper Co anticipates being able to produce copper at a profit
by 1991, assuming copper prices remain at their current levels.
In an information statement distributed to Newmont
shareholders explaining the dividend of Magma shares declared
Tuesday, Newmont said Magma had a net loss of 46.6 mln dlrs in
1986, adding this was equal to 1.22 cts a share.
Newmont holders will receive 80 pct of Magma's stock as a
dividend of one share for each of the 30,458,000 Newmont shares
now held. Newmont will retain 15 pct of the stock.
The 1986 net loss was on a pro forma basis, Newmont said.
On a historical basis, it added, Magma had a 1986 net loss of
58.1 mln dlrs on a loss from operations of 42.3 mln dlrs.
On Dec 31, 1986, Newmont said, Magma had about 85.0 mln
dlrs of net operating loss carryforwards expiring in 1999-2000
and about 4.0 mln dlrs of investment tax credit carryover
expiring in 2000-2001.
Newmont said Magma has pre-tax losses of 290 mln dlrs
during the 1981 through 1985 period, noting the five major U.S.
primary copper producers reported aggregate pre-tax losses of
1.9 billion dlrs during five year period.
Newmont said Magma had total sales of 347.3 mln dlrs last
year, including copper sales of 293.4 mln dlrs.
It said the copper sales value was up from 267.6 mln dlrs
in 1985 reflecting a 10.1 pct increase in quantity sold to
212,000 short tons and a 0.4 pct decrease in price.
|
training/4292
|
training/4292 |@title rpt:1 insituform:1 north:1 america:1 inc:1 insua:1 net: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 13:1 mln:1 8:1 577:1 853:1 874:1 505:1 5:1 951:1 612:1 note:1 1985:1 exclude:1 131:1 000:1 dlr:1 tax:1 credit:1
|
RPT-INSITUFORM OF NORTH AMERICA INC <INSUA> NET
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 131,000 dlr tax credit.
|
training/4293
|
training/4293 |@title fed:2 say:2 set:2 two:2 billion:2 dlrs:2 customer:2 repurchase:2 agreement:2 |@word
|
FED SAYS IT SETS TWO BILLION DLRS OF CUSTOMER REPURCHASE AGREEMENTS
FED SAYS IT SETS TWO BILLION DLRS OF CUSTOMER REPURCHASE AGREEMENTS
|
training/4296
|
training/4296 |@title ec:1 commission:1 grant:1 export:1 licence:1 trade:1 |@word european:2 community:1 ec:1 cereal:1 management:1 committee:2 grant:3 export:5 licence:1 5:1 000:3 tonne:6 quality:1 soft:2 bread:1 make:1 wheat:2 maximum:2 rebate:2 134:1 75:1 currency:1 unit:1 ecus:3 per:3 trader:2 say:3 also:2 certificate:2 35:2 barley:1 137:1 reject:1 bid:1 feed:1 15:1 maize:1 132:1 90:1
|
EC COMMISSION GRANTS EXPORT LICENCES - TRADE
The European Community's, EC, cereal
management committee granted export licences for 5,000 tonnes
of quality soft bread-making wheat at a maximum export rebate
of 134.75 European currency units, Ecus, per tonne, traders
said.
The committee also granted export certificates of 35,000
tonnes of barley at 137.35 Ecus per tonne, but rejected all
bids for the export of soft feed wheat, they said.
Certificates were also granted for the export of 15,000
tonnes of maize at a maximum rebate of 132.90 Ecus per tonne,
the traders said.
|
training/4297
|
training/4297 |@title german:1 bank:1 say:1 uncertainty:1 economy:1 grow:1 |@word uncertainty:1 grow:1 prospect:1 economy:3 order:1 industry:2 fall:1 company:1 scale:1 back:1 investment:1 plan:1 german:1 saving:1 bank:2 giro:1 association:4 say:6 exporter:2 expect:4 foreign:1 demand:1 remain:1 weak:2 less:1 optimistic:1 report:1 however:1 last:1 month:1 agreement:1 among:1 six:1 lead:1 western:1 industrialize:1 country:1 keep:1 currency:1 around:1 present:1 level:1 stabilize:1 influence:1 add:2 banking:1 possibility:1 use:1 monetary:2 policy:1 stimulate:1 overestimate:1 another:1 small:1 drop:1 already:1 low:1 interest:1 rate:2 could:1 cause:1 significant:1 rise:1 purchase:1 consumer:1 capital:1 good:1 bundesbank:1 half:1 point:1 cut:1 discount:1 lombard:1 january:1 largely:1 exhaust:1 scope:1 move:1 tuesday:1 federal:1 statistics:1 office:1 gross:1 national:1 product:1 stagnate:2 real:1 seasonally:1 calendar:1 adjust:1 term:1 fourth:1 quarter:5 1986:1 compare:1 third:1 economics:1 ministry:1 comment:1 figure:2 gnp:1 1987:1 first:3 also:1 relatively:1 economist:1 forecast:1 either:1 contract:1 slightly:1 official:1 due:1 early:1 june:1
|
GERMAN BANKS SAY UNCERTAINTY ABOUT ECONOMY GROWING
Uncertainty is growing about the prospects
for the economy as orders for industry fall and companies scale
back investment plans, the German Savings Banks and Giro
Association said.
Exporters expect foreign demand to remain weak, while
industry is less optimistic than it was, the association said
in a report.
However, last month's agreement among the six leading
western industrialized countries to keep currencies around
present levels was expected to be a stabilizing influence for
exporters, it added.
The banking association said the possibility of using
monetary policy to stimulate the economy should not be
overestimated.
Another small drop in already low interest rates could not
be expected to cause any significant rise in purchases of
consumer or capital goods, it said.
The Bundesbank's half-point cuts in the discount and
Lombard rates in January have largely exhausted the scope for
any further monetary moves, the association added.
On Tuesday the Federal Statistics Office said gross
national product stagnated in real, seasonally and calendar
adjusted terms in the fourth quarter of 1986 compared with the
third quarter.
The Economics Ministry, commenting on the figures, said GNP
in the 1987 first quarter was also expected to be relatively
weak.
Bank economists have forecast the economy will either
stagnate or contract slightly in the first quarter. Official
first-quarter figures are due in early June.
|
training/4298
|
training/4298 |@title fed:1 add:1 reserve:1 via:1 customer:1 repurchase:1 |@word federal:2 reserve:2 enter:1 u:1 government:1 security:1 market:1 arrange:1 two:1 billion:1 dlrs:1 customer:1 repurchase:1 agreement:1 spokeswoman:1 say:2 dealer:1 fund:1 trade:1 6:1 1:1 8:1 pct:1 fed:1 begin:1 temporary:1 indirect:1 supply:1 banking:1 system:1
|
FED ADDS RESERVES VIA CUSTOMER REPURCHASES
The Federal Reserve entered the U.S.
Government securities market to arrange two billion dlrs of
customer repurchase agreements, a spokeswoman said.
Dealers said Federal funds were trading at 6-1/8 pct when
the Fed began its temporary and indirect supply of reserves to
the banking system.
|
training/4301
|
training/4301 |@title wait:1 period:1 end:1 waste:1 management:1 wmx:1 bid:1 |@word waste:3 management:3 inc:1 say:3 receive:1 notice:1 early:1 termination:1 hart:1 scott:1 rodino:1 wait:1 period:2 270:1 mln:1 dlr:1 takeover:1 bid:2 chemlawn:2 corp:1 chem:1 waiting:1 terminate:1 march:1 11:1 reject:1 27:1 dlrs:1 share:1 talk:1 party:1 sell:1 business:1
|
WAITING PERIOD ENDS ON WASTE MANAGEMENT<WMX> BID
Waste Management Inc said it
received notice of early termination of the Hart-Scott-Rodino
waiting period for its 270 mln dlr takeover bid for Chemlawn
Corp <CHEM>.
The waiting period was terminated March 11, Waste
Management said.
Chemlawn has rejected Waste Management's 27 dlrs a share
bid. It has said it was talking with other parties about
selling its business.
|
training/4302
|
training/4302 |@title asa:2 ltd:1 1st:1 qtr:1 feb:1 28:1 net:1 |@word shr:1 1:2 42:1 dlrs:4 vs:3 61:1 net:2 13:1 6:1 mln:2 15:1 5:1 note:1 asset:1 value:1 per:1 share:1 77:1 72:1 54:1 35:1
|
ASA LTD <ASA> 1ST QTR FEB 28 NET
Shr 1.42 dlrs vs 1.61 dlrs
Net 13.6 mln vs 15.5 mln
NOTE: Net asset value per share 77.72 dlrs vs 54.35 dlrs.
|
training/4303
|
training/4303 |@title investor:1 raise:1 cyclop:1 cyl:1 tender:1 price:1 |@word cyacq:10 corp:3 investor:2 group:7 bid:1 cyclops:2 say:8 would:3 raise:2 outstanding:2 tender:4 offer:7 price:4 cyclop:12 common:2 92:1 50:1 dlrs:9 share:4 80:1 certain:1 condition:1 meet:1 increased:1 exceed:1 90:1 25:1 dixon:8 plc:1 part:1 definitive:1 agreement:3 acquire:1 pittsburgh:1 base:2 maker:1 carbon:1 tool:1 specialty:3 steel:2 product:3 include:1 audio:1 video:1 affiliates:1 inc:1 citicorp:1 capital:1 investors:1 ltd:1 4:2 1:3 mln:4 must:3 provide:3 non:2 public:1 information:2 satisfied:1 financial:3 projection:3 make:2 material:1 additionally:1 right:2 buy:1 fee:1 expense:1 merger:2 break:1 rescind:1 develop:1 materially:1 low:1 spokeswoman:2 company:1 detail:1 new:2 proposal:1 could:1 comment:2 nothing:1 hand:1 addition:1 metal:1 also:2 operate:1 115:1 store:2 sell:2 consumer:1 electronic:1 locate:1 17:2 state:2 concentrate:1 northeast:1 northwest:1 southwest:1 employ:1 8:1 900:1 people:1 pennsylvania:1 ohio:1 interest:1 residential:1 construction:2 1986:1 earn:1 21:1 3:1 5:2 26:2 sale:2 billion:2 compare:1 1985:1 earning:1 2:1 6:1 20:1 call:1 business:1 unit:1 alleghany:1 110:1 complete:1 spokesman:1 conditional:1 cash:1 whether:1 plan:1 withdraw:1 current:1 schedule:1 expire:1 midnight:1 march:2 six:1 extend:1
|
INVESTORS TO RAISE CYCLOPS <CYL> TENDER PRICE
Cyacq Corp, an investor group
bidding for Cyclops Corp, said it would raise its outstanding
tender offer price for Cyclops common to 92.50 dlrs a share
from 80 dlrs, if certain conditions were met.
The increased offer would exceed the 90.25 dlrs a share
price offered by Dixons Group PLC in a tender offer for Cyclops
that is part of a definitive agreement to acquire the
Pittsburgh-based maker of carbon tool and specialty steel
products.
Cyacq includes Audio/Video Affiliates Inc and Citicorp
Capital Investors Ltd and other investors.
Cyclops has about 4.1 mln shares outstanding.
For the tender price to be raised, Cyclops must provide
Cyacq with all non-public information provided to Dixons Group
and Cyacq must be satisfied with financial projections made in
offering material by Dixons based on the information, Cyacq
said.
Additionally, Dixon Group's rights to buy Cyclops common
and its rights to fees or expenses if the Dixon-Cyclop merger
agreement is broken must be rescinded, Cyacq said.
Cyacq said financial projections it developed for Cyclops
were materially lower than the financial projections provided
by Cyclops to Dixons Group.
A Cyclops spokeswoman said the company had no details of
the new Cyacq proposal and could not comment. 'We have nothing
in hand,' she said.
In addition to making specialty metal products, Cyclops
also operates about 115 specialty stores that sell consumer
electronics products. The stores are located in 17 states
concentrated in the Northeast, Northwest and Southwest.
Cyclops employs about 8,900 people in Pennsylvania, Ohio
and other states. It also has interests in non-residential
construction.
In 1986, Cyclops earned 21.3 mln dlrs or 5.26 dlrs a share
on sales of 1.5 billion dlrs, compared to 1985 earnings of 26.2
mln dlrs or 6.20 dlrs on sales of 1.4 billion, the spokeswoman
said.
The agreement with Dixons Group calls for Cyclops's steel
and construction businesses to be sold to a unit of Alleghany
Corp <Y> for about 110 mln dlrs once the merger is completed.
A Cyacq spokesman said the new conditional tender price
would be all cash. He had no comment on whether Cyacq plans to
withdraw its current offer, which is scheduled to expire
midnight on March six.
Dixon Group's offer extends to March 17.
|
training/4304
|
training/4304 |@title dayton:1 hudson:1 corp:1 dh:1 4th:1 qtr:1 jan:1 31:1 oper:1 net:1 |@word oper:4 shr:2 1:4 24:1 dlrs:11 vs:8 55:1 net:2 120:1 800:1 000:5 150:1 100:1 revs:2 3:4 12:2 billion:4 2:6 74:1 year:3 62:1 89:1 255:1 280:1 500:1 9:2 26:2 8:1 note:2 1986:1 period:2 end:1 february:1 one:1 result:1 exclude:3 earning:3 discontinue:1 operation:1 0:1 mln:7 nine:1 ct:7 share:7 three:2 quarter:2 two:1 1987:2 gain:1 sale:1 b:1 dalton:1 bookseller:1 85:1 88:1 extraordinary:1 charge:1 purchase:1 redemption:1 debt:1 6:1 13:1 32:1 33:1
|
DAYTON HUDSON CORP<DH> 4TH QTR JAN 31 OPER NET
Oper shr 1.24 dlrs vs 1.55 dlrs
Oper net 120,800,000 vs 150,100,000
Revs 3.12 billion vs 2.74 billion
Year
Oper shr 2.62 dlrs vs 2.89 dlrs
Oper net 255,000,000 vs 280,500,000
Revs 9.26 billion vs 8.26 billion
NOTE: 1986 period ended February One
NOTE: Results exclude earnings from discontinued operations
of 9.0 mln dlrs, or nine cts a share vs 3.2 mln dlrs, or three
cts a share in the quarter and 2.1 mln dlrs, or two cts a share
vs 3.1 mln dlrs, or three cts a share for the year
1987 earnings exclude gain on sale of B. Dalton Bookseller
of 85.2 mln dlrs, or 88 cts a share in each period
1987 earnings exclude extraordinary charge from purchase
and redemption of debt of 12.6 mln dlrs, or 13 cts a share in
the quarter and 32.3 mln dlrs, or 33 cts a share for the year
|
training/4305
|
training/4305 |@title india:1 buy:1 rbd:1 palm:1 olein:1 tender:1 |@word indian:1 state:1 trading:1 corp:1 buy:1 one:1 possibly:1 two:1 6:1 000:1 tonne:2 cargo:1 malaysian:1 refined:1 bleach:1 deodorise:1 palm:1 olein:1 vegetable:1 oil:1 import:1 tender:1 today:1 mar:1 15:2 apr:1 shipment:1 355:1 dlrs:1 per:1 cif:1 trader:1 say:1
|
INDIA BUYS RBD PALM OLEIN AT TENDER
The Indian State Trading Corp bought
one, or possibly two, 6,000 tonne cargoes of Malaysian refined
bleached deodorised palm olein at its vegetable oil import
tender today for Mar 15/Apr 15 shipment at 355 dlrs per tonne
cif, traders said.
|
training/4306
|
training/4306 |@title spanish:1 unemployment:1 rise:1 february:1 |@word number:1 spanish:1 register:2 unemployed:2 rise:1 15:1 608:1 2:2 98:1 mln:2 21:2 5:1 pct:2 workforce:2 january:1 sixth:1 consecutive:1 monthly:1 increase:1 labour:1 ministry:1 say:1 total:1 81:1 1:1 february:1 1986:1
|
SPANISH UNEMPLOYMENT RISES IN FEBRUARY
The number of Spanish registered
unemployed rose by 15,608 to 2.98 mln or 21.5 pct of the
workforce in January in the sixth consecutive monthly increase,
the Labour Ministry said.
Registered unemployed totalled 2.81 mln or 21.1 pct of the
workforce in February 1986.
|
training/4307
|
training/4307 |@title vse:1 corp:1 vsec:1 4th:1 qtr:1 net:1 |@word shr:2 49:1 ct:4 vs:6 39:1 net:4 886:1 937:1 892:1 323:1 revs:2 25:1 9:1 mln:4 23:1 7:1 year:3 1:2 78:1 dlr:2 34:1 3:1 254:1 301:1 2:1 472:1 676:1 100:1 6:1 87:1 4:1 note:1 1986:1 4th:2 qtr:2 include:2 income:1 loss:2 metcap:2 subsidiary:1 14:1 881:1 dlrs:4 311:1 848:1 17:1 per:2 share:2 respectively:2 1985:1 unit:1 108:1 598:1 298:1 412:1 16:1
|
VSE CORP <VSEC> 4TH QTR NET
Shr 49 cts vs 39 cts
Net 886,937 vs 892,323
Revs 25.9 mln vs 23.7 mln
Year
Shr 1.78 dlr vs 1.34 dlr
Net 3,254,301 vs 2,472,676
Revs 100.6 mln vs 87.4 mln
NOTE: 1986 4th qtr and year net includes income loss of
MetCap subsidiary of 14,881 dlrs and 311,848 dlrs or 17 cts per
share, respectively.
1985 4th qtr and year net includes loss in MetCap unit of
108,598 dlrs and 298,412 dlrs or 16 cts per share,
respectively.
|
training/4310
|
training/4310 |@title security:1 pacific:1 spc:1 buy:1 orbanco:1 orbn:1 |@word security:8 pacific:8 corp:3 say:3 complete:2 previously:1 announce:1 acquisition:1 orbanco:7 financial:2 services:1 receive:1 federal:2 approval:2 deal:1 reserve:1 board:1 approve:1 wednesday:1 purchase:5 portland:1 ore:1 base:1 bank:6 hold:3 company:3 service:3 concern:1 47:1 mln:2 dlrs:9 cash:3 common:3 stock:4 effective:1 30:1 day:1 spokeswoman:1 term:1 call:1 share:2 exchange:2 14:1 plus:2 1:1 50:1 100:2 dlr:1 par:1 value:1 prefer:1 accrue:1 dividend:1 one:1 billion:4 assest:1 oregon:1 real:1 estate:1 co:1 american:1 data:1 inc:1 securities:1 four:2 major:1 regional:1 outside:1 california:1 pende:2 buy:1 arizona:1 asset:4 fourth:1 quarter:1 1986:1 currently:1 rainier:1 bancorporation:1 rban:1 9:1 2:1 anticipation:1 legislative:1 change:1 take:1 effect:1 1989:1 also:1 negotiate:1 future:1 nevada:1 615:1 sixth:1 large:1 u:1 61:1 60:1
|
SECURITY PACIFIC <SPC> BUYS ORBANCO <ORBN>
Security Pacific Corp said it
completed its previously announced acquisition of Orbanco
Financial Services Corp after receiving federal approval of the
deal.
Security Pacific said the Federal Reserve Board approved on
Wednesday its purchase of the Portland, Ore.-based bank holding
company and financial services concern.
The purchase of Orbanco, for about 47 mln dlrs in cash and
common stock, will be effective in 30 days, a Security Pacific
spokeswoman said.
Terms call for each share of Orbanco common stock to be
exchanged for about 14 dlrs of Security Pacific common stock,
plus 1.50 dlrs cash.
Each share of Orbanco's 100-dlr par value preferred stock
will be exchanged for 100 dlrs cash, plus accrued dividends.
Orbanco, with one billion dlrs in assests, is the holding
company for the Oregon Bank, Orbanco Real Estate Service Co,
American Data Service Inc and Orbanco Securities Corp.
Security Pacific now has four major regional bank purchases
outside California completed or pending.
Security Pacific bought The Arizona Bank, with assets of
four billion dlrs, in the fourth quarter of 1986.
Pending approval currently is the purchase of Rainier
Bancorporation <RBAN>, with assets of 9.2 billion dlrs. In
anticipation of legislative changes that take effect in 1989,
Security Pacific has also negotiated the future purchase of The
Nevada Bank, with assets of 615 mln dlrs.
Security Pacific is the sixth largest U.S. bank holding
company, with assets of about 61.60 billion dlrs.
|
training/4313
|
training/4313 |@title dranetz:1 technologies:1 inc:1 dran:1 year:1 dec:1 31:1 net:1 |@word shr:1 46:1 ct:5 vs:4 77:1 qtly:2 div:2 six:2 prior:1 net:2 2:1 198:1 469:1 3:1 635:1 565:1 revs:1 23:1 1:1 mln:2 26:1 0:1 note:1 1986:1 include:1 one:1 time:1 charge:1 249:1 000:1 dlrs:1 five:1 share:1 discontinuation:1 boat:1 sentry:1 lakontek:1 product:1 payable:1 april:1 15:1 shareholder:1 record:1 march:1 24:1
|
DRANETZ TECHNOLOGIES INC <DRAN> YEAR DEC 31 NET
Shr 46 cts vs 77 cts
Qtly div six cts vs six cts prior
Net 2,198,469 vs 3,635,565
Revs 23.1 mln vs 26.0 mln
Note: 1986 net includes one-time charge of 249,000 dlrs or
five cts a share from discontinuation of Boat Sentry and
Lakontek products.
Qtly div payable April 15 to shareholders of record March
24.
|
training/4314
|
training/4314 |@title u:2 ask:1 share:1 japan:1 rice:1 market:1 |@word agriculture:1 secretary:2 richard:1 lyng:4 say:9 ask:4 japan:4 offer:1 share:3 rice:6 market:4 u:7 exporter:1 visit:2 country:1 next:2 month:2 interview:1 reuters:1 also:1 reagan:2 administration:2 tokyo:2 remove:1 quota:3 beef:3 citrus:3 export:2 plan:1 april:1 14:1 27:1 liberalize:1 fully:1 urge:1 consider:1 usda:1 would:5 big:2 japanese:3 request:1 get:2 none:1 one:1 per:1 cent:1 improvement:1 last:1 year:1 reject:1 petition:1 industry:1 seek:1 relief:1 import:2 restriction:1 however:2 reexamine:1 issue:1 mid:1 1987:1 roll:1 back:1 barrier:1 conduct:1 formal:1 negotiation:1 may:1 forerunner:1 general:1 way:1 talk:1 prior:1 expiration:1 bilateral:1 agreement:1 march:1 1988:1 definite:1 liberalization:2 item:1 translate:1 mean:1 away:1
|
U.S. TO ASK FOR SHARE OF JAPAN'S RICE MARKET
U.S. Agriculture Secretary Richard
Lyng said he will ask Japan to offer a share of its rice market
to U.S. exporters when he visits that country next month.
In an interview with Reuters, Lyng also said the Reagan
administration will ask Tokyo to remove its quotas on U.S. beef
and citrus exports.
Lyng, who plans to be in Japan April 14-27, said he will
not ask Tokyo to liberalize fully its rice market. 'We will urge
that they consider sharing their rice market,' he said.
The USDA secretary would not say how big a share of the
Japanese rice market the U.S. would request. 'We've got none of
it now. If we got one per cent of it, it would be a big
improvement,' he said.
Last year, the Reagan administration rejected a petition by
the U.S. rice industry seeking relief from Japanese import
restrictions.
However, the U.S. said it would reexamine the issue if by
mid-1987 Japan did not roll back import barriers to U.S. rice
exports.
Lyng said he would not be conducting formal negotiations
next month with Japan over their beef and citrus quotas, but
that his visit 'may be a forerunner in a general way' to talks
prior to expiration of the bilateral agreement in March 1988.
He said, however, that the U.S. 'will ask for a definite
liberalization of those items (beef and citrus).... When you
translate 'liberalization' into Japanese, it means do away with
the quota.'
|
training/4315
|
training/4315 |@title union:1 pacific:1 unp:1 sell:1 part:1 refinery:1 |@word union:3 pacific:3 corp:3 say:6 sign:2 pact:1 caracas:1 march:1 17:1 petroleos:1 de:1 venezuela:3 pdvsa:7 sell:1 state:1 company:4 half:3 corpus:3 christi:3 texas:1 refinery:5 champlin:4 petroleum:2 co:1 subsidiary:2 sale:1 also:3 include:1 relate:1 marketing:1 distribution:3 system:1 product:1 spokesman:2 statement:1 may:1 issue:1 later:1 today:1 give:3 detail:1 transaction:2 immediate:1 comment:1 official:3 new:1 york:1 capacity:1 160:1 000:2 barrel:1 per:1 day:1 largely:1 upgrade:1 facility:1 would:1 place:1 value:1 additional:2 acquisition:4 asset:1 expect:1 move:1 aggressively:1 enhance:1 role:1 oil:4 industry:1 producer:1 excpande:1 presence:2 downstream:1 sector:1 purchase:2 part:2 operation:1 fit:1 profile:1 previously:1 look:2 one:1 independent:1 good:1 network:1 strong:1 regional:1 potential:1 interest:2 follow:1 early:2 southland:3 slc:1 citgo:3 agreement:1 september:1 15:1 1986:1 pay:1 290:1 mln:1 dlrs:1 stock:1 potetnital:1 plant:1 outlet:1 crude:2 production:1 refiner:1 assured:1 source:2 supply:2 trade:1 deal:1 agredd:1 least:1 130:1 bpd:1 feedstock:1
|
UNION PACIFIC <UNP> TO SELL PART OF REFINERY
Union Pacific Corp said it will sign a
pact in Caracas on March 17 with Petroleos De Venezuela, PDVSA,
to sell the state owned company half of its Corpus Christi,
Texas refinery owned by its Union Pacific's Champlin Petroleum
Co subsidiary.
The sale will also include the related marketing and
distribution system for the refinery's products.
A spokesman for the company said that a statement may be
issued later today giving details of the transaction.
There was no immediate comment from PDVSA officials in New
York.
The Corpus Christi refinery has a capacity of about 160,000
barrels per day, the Union Pacific spokesman said, and is a
largely upgraded facility but he would place no value on the
transaction.
The additional acquisition of refinery and distribution
assets by PDVSA has been expected as Venezuela has been moving
aggressively to enhance its role in the oil industry from
producer to excpanding its presence in the downstream sector.
Purchase of part of Champlin's operations also fits a
profile which PDVSA officials have said previously they looked
for in any acquisition.
One PDVSA official said the company was looking for
independent oil companies with good refinery and distribution
network and a strong regional presence.
The potential purchase of the interest in Champlin followed
its earlier acquisition of a part interest in Southland Corp's
<SLC> Citgo Petroleum Corp subsidiary.
In that agreement signed September 15, 1986, PDVSA paid
Southland 290 mln dlrs for half of Citgo's stock.
The potetnital acquisition of half Champlin's Corpus
Christi plant will also give Venezuela an additional outlet for
its crude oil production while giving the refiner an assured
source of supply, trade sources said.
In the earlier deal with Southland, PDVSA agredd to to
supply Citgo with at least 130,000 bpd of crude oil and other
feedstocks.
|
training/4318
|
training/4318 |@title lands:1 end:1 inc:1 leys:1 year:1 jan:1 31:1 net:1 |@word shr:1 1:4 46:1 dlrs:2 vs:4 13:1 net:1 14:1 650:1 000:4 11:1 270:1 sale:1 265:1 mln:3 227:1 avg:2 shrs:2 10:1 020:1 9:1 980:1 note:1 earning:1 pro:1 forma:1 include:1 increase:1 common:1 share:3 take:1 place:1 last:1 october:1 company:1 go:1 public:2 initial:1 offering:1 4:1 assume:1 sell:1 employee:1 outstanding:1 entire:1 period:1
|
LANDS END INC <LEYS> YEAR JAN 31 NET
Shr 1.46 dlrs vs 1.13 dlrs
Net 14,650,000 vs 11,270,000
Sales 265 mln vs 227.1 mln
Avg shrs 10,020,000 vs 9,980,000
Note: Earnings are pro forma, including the increase in
common shares that took place last October when the company
went public through an initial offering of 1.4 mln shares. Avg
shrs assume the shares sold to public and employees were
outstanding during the entire period.
|
training/4323
|
training/4323 |@title bancroft:1 bcf:1 sue:1 zico:1 |@word zico:3 investment:2 holdings:1 inc:2 say:3 bancroft:3 convertible:1 fund:1 file:1 suit:2 seek:1 enjoin:1 30:1 dlr:1 share:2 tender:3 offer:3 500:1 000:1 complaint:1 material:1 letter:1 shareholder:1 false:1 misleading:1 violate:1 company:1 act:1 1940:1 totally:1 without:1 merit:1 vigorously:1 intend:1 contest:1 motion:1 schedule:1 hear:1 march:1 16:1
|
BANCROFT <BCF> SUES ZICO
Zico INvestment Holdings INc said that
Bancroft Convertible Fund Inc filed suit seeking to enjoin
Zico's 30 dlr-a-share tender offer for 500,000 Bancroft shares.
In its complaint, Bancroft said the tender offer materials
and letters to shareholders are false and misleading and that
the tender offer violates the investment company act of 1940.
Zico said the suit is totally without merit and vigorously
intends to contest it.
A motion is scheduled to be heard on March 16.
|
training/4327
|
training/4327 |@title seaboard:1 corp:1 seb:1 31:1 week:1 year:1 net:1 |@word shr:1 14:1 63:1 dlrs:1 net:1 21:1 8:1 mln:2 revs:1 252:1 9:1 note:1 company:1 change:1 reporting:1 period:1 dec:1 31:2 may:1 say:1 prior:1 year:1 comparison:1 thus:1 applicable:1
|
SEABOARD CORP <SEB> 31 WEEK YEAR NET
Shr 14.63 dlrs
Net 21.8 mln
Revs 252.9 mln
NOTE: Company changed its reporting period to Dec 31 from
May 31. It said prior year comparisons were thus not
applicable.
|
training/4328
|
training/4328 |@title turkish:1 ship:1 head:1 florida:1 explosion:1 |@word turkish:1 ore:1 bulk:1 oil:1 vessel:3 obo:1 engin:1 78:1 078:1 tonne:1 dwt:1 explosion:1 boiler:1 yesterday:2 lloyds:1 ship:1 intelligence:1 service:1 report:1 retain:1 power:1 evening:1 position:1 lat:1 25:1 57:1 n:1 long:1 75:1 06:1 w:1 divert:1 jacksonville:1 florida:1 cargo:1 58:1 000:1 ton:1 coal:1 bind:1 iskenderun:1 turkey:1 lake:1 charles:1
|
TURKISH SHIP HEADED FOR FLORIDA AFTER EXPLOSION
The Turkish ore/bulk/oil vessel Obo
Engin, 78,078 tonnes dwt, had an explosion in its boiler
yesterday, Lloyds shipping Intelligence Service reported.
The vessel has retained some power and yesterday evening
was in position Lat. 25 57 N., Long. 75 06 W. It is diverting
to Jacksonville, Florida, with its cargo of 58,000 tons of
coal.
The vessel was bound for Iskenderun, Turkey from Lake
Charles.
|
training/4330
|
training/4330 |@title reuter:1 inc:1 reut:1 4th:1 qtr:1 |@word shr:2 67:1 ct:4 vs:6 six:1 net:3 1:3 6:2 mln:7 131:1 630:1 revs:2 5:2 4:3 year:1 85:1 19:1 2:1 0:1 427:1 749:1 25:1 17:1 note:1 1986:1 include:1 dlrs:1 tax:1 loss:1 carryback:1 reuter:1 inc:1 spindle:1 maker:1 connect:1 reuters:1 holdings:1 plc:1
|
REUTER INC <REUT> 4TH QTR
Shr 67 cts vs six cts
Net 1.6 mln vs 131,630
Revs 6.5 mln vs 4.5 mln
Year
Shr 85 cts vs 19 cts
Net 2.0 mln vs 427,749
Revs 25.1 mln vs 17.4 mln
NOTE: 1986 net includes 1.4 mln dlrs in tax loss carryback.
Reuter Inc is a spindle maker. It is not connected with Reuters
Holdings PLC.
|
training/4331
|
training/4331 |@title centel:1 corp:1 cnt:1 regular:1 payout:1 set:1 |@word qtly:1 div:1 62:2 1:2 2:2 ct:2 vs:1 previously:1 pay:1 april:2 30:1 record:1 seven:1
|
CENTEL CORP <CNT> REGULAR PAYOUT SET
Qtly div 62-1/2 cts vs 62-1/2 cts previously
Pay April 30
Record April Seven
|
training/4333
|
training/4333 |@title mobil:1 mob:1 restructure:1 exploration:1 unit:1 |@word mobil:3 oil:1 corp:1 say:3 restructure:1 dallas:1 base:1 exploration:4 producing:1 services:1 inc:2 operation:4 april:1 one:1 provide:1 strong:1 technological:1 support:1 u:1 overseas:1 consist:1 two:1 new:3 unit:1 technical:1 service:1 application:1 technology:1 along:1 exist:1 drilling:1 venture:1 group:1 r:1 c:1 mill:1 president:3 general:2 manager:2 produce:2 southeast:1 name:1 vice:1 report:1 p:1 j:1 hoenman:1 division:1
|
MOBIL <MOB> TO RESTRUCTURE EXPLORATION UNIT
Mobil Oil Corp said it will
restructure its Dallas-based Mobil Exploration and Producing
Services Inc operations April one, to provide stronger
technological support to its U.S. and overseas operations.
Mobil said the operation will consist of two new units,
Technical Services and Application Technology, along with the
existing Drilling and New Exploration Ventures groups. It said
R.C. Mills, president and general manager of its Exploration
and Producing Southeast Inc, has been named vice president and
general manager of the new operation reporting to P.J.
Hoenmans, president of its Exploration and Producing division.
|
training/4337
|
training/4337 |@title equity:1 oil:1 co:1 eqty:1 4th:1 qtr:1 loss:1 |@word shr:2 loss:4 nine:1 ct:4 vs:6 profit:4 11:2 net:2 1:3 102:1 592:1 364:1 763:1 revs:2 2:1 836:1 508:1 5:1 547:1 121:1 year:1 six:1 32:1 789:1 300:1 3:1 953:1 822:1 7:1 mln:2 21:1 note:1 per:1 share:1 figure:1 reflect:1 five:1 pct:1 stock:1 dividend:1 pay:1 december:1 1986:1
|
EQUITY OIL CO <EQTY> 4TH QTR LOSS
Shr loss nine cts vs profit 11 cts
Net loss 1,102,592 vs profit 1,364,763
Revs 2,836,508 vs 5,547,121
Year
Shr loss six cts vs profit 32 cts
Net loss 789,300 vs profit 3,953,822
Revs 11.7 mln vs 21.1 mln
NOTE: Per share figures reflect five pct stock dividend
paid December 1986.
|
training/4338
|
training/4338 |@title fn:1 result:1 hit:1 strike:1 dollar:1 1986:1 |@word fabrique:1 nationale:1 herstal:1 sa:1 fnhb:1 br:1 say:3 suffer:1 net:2 loss:3 2:1 99:1 billion:2 franc:3 last:1 year:2 hit:1 strike:1 fall:1 dollar:1 decline:1 oil:1 price:1 fn:1 statement:1 compare:1 6:1 8:1 mln:1 profit:1 previous:1 include:1 considerable:1 charge:1 restructure:1 1986:1 1987:1 without:1 would:2 1:1 45:1 add:1 restructuring:1 plan:1 allow:1 firm:1 return:1 long:1 term:1 profitability:1 approve:1 local:1 authority:1 bank:1 workforce:1
|
FN RESULTS HIT BY STRIKES, DOLLAR IN 1986
Fabrique Nationale Herstal SA
<FNHB.BR> said it suffered a net loss of 2.99 billion francs
last year after being hit by strikes, the falling dollar and
declining oil prices.
An FN statement said the loss, which compared with a 6.8
mln franc profit the previous year, included considerable
charges for restructuring in 1986 and 1987. Without these the
net loss would have been 1.45 billion francs, it said.
It added that the restructuring plan would allow the firm
to return to long term profitability once it had been approved
by local authorities, banks and the workforce.
|
training/4339
|
training/4339 |@title millipore:1 mili:1 acquire:1 equity:1 protein:1 |@word protein:3 databases:1 inc:1 say:2 millipore:3 corp:1 venture:1 capital:1 subsidiary:1 millicorp:1 acquire:1 equity:1 position:1 company:1 intend:1 establish:1 interactive:1 relationship:1 detail:1 disclose:1 amount:1 investment:1
|
MILLIPORE <MILI> ACQUIRES EQUITY IN PROTEIN
<Protein Databases
Inc> said Millipore Corp through its venture capital
subsidiary, Millicorp, acquired an equity position in the
company.
Protein said it and Millipore intend to establish an
'interactive relationship.'
No other details were disclosed about the amount of
Millipore's investment in Protein.
|
training/4340
|
training/4340 |@title wildlife:1 unit:1 propose:1 alaska:1 refuge:1 oil:1 study:1 |@word national:2 wildlife:6 federation:5 reject:1 interior:8 department:3 draft:1 plan:1 open:3 wilderness:1 land:2 northern:1 alaska:2 oil:9 gas:5 exploration:6 nation:1 large:1 conservation:1 group:1 say:8 study:4 need:1 assess:1 possible:3 damage:1 development:3 may:1 area:4 coastal:3 plain:4 arctic:1 refuge:2 jay:1 hair:4 executive:1 vice:1 president:1 call:2 research:1 effect:2 fundamentally:1 flawed:1 provide:1 little:2 basis:1 make:2 public:2 policy:1 decision:2 proposal:1 reflection:1 largely:1 political:1 add:1 confidence:1 represent:1 broad:1 interest:1 want:1 1:1 5:1 million:1 acre:1 tough:1 safeguard:1 protect:2 caribou:1 musk:1 oxen:1 preliminary:1 survey:1 show:1 region:1 could:2 hold:1 billion:2 barrel:2 potential:1 energy:1 resource:1 would:1 never:1 know:1 without:1 match:1 10:1 find:2 prudhoe:1 bay:1 west:1 exist:1 law:1 congress:3 must:1 agree:1 act:1 remain:1 commercial:2 report:2 fail:2 stress:1 probability:1 recoverable:1 19:1 pct:1 also:1 weigh:1 fish:1 information:1 state:1 gather:1 consult:1 environmental:1 protection:1 agency:1 letter:1 congressman:1 propose:1 nine:1 member:1 commission:1 set:1 aspect:1 issue:1 back:1 two:1 year:1 oppose:1 inadquate:1 sound:1 judgement:1 congressional:1 observer:1 present:1 sentiment:1 exploitation:1 dispite:1 increase:1 concern:1 united:1 states:1 become:1 overly:1 dependent:1 foreign:1
|
WILDLIFE UNIT PROPOSES ALASKA REFUGE OIL STUDY
The National Wildlife Federation
rejected an Interior Department draft plan to open wilderness
lands in Northern Alaska to oil and gas exploration.
The federation, the nation's largest conservation group,
said further study was needed to assess any possible damage
that development might have on the wildlife in the area, the
coastal plain of the Arctic National Wildlife Refuge.
Jay Hair, the federation's executive vice president, called
the Interior's research into the effects of development 'so
fundamentally flawed that it provides little or no basis on
which to make a public policy decision.'
Hair called the department's proposal a 'reflection of a
largely political decision,' adding 'we have no confidence in
Interior to represent the broad public interest in this area.'
Interior wants to open the 1.5 million acre coastal plain
to oil and gas exploration, but it said only with tough
safeguards to protect the area's caribou and musk-oxen.
It said a preliminary survey showed the region could hold
billions of barrels of oil and gas, and that its potential as
an energy resource would never be known without exploration.
Interior said oil on the coastal plain could match the 10
billion barrels found at Prudhoe Bay, just west of the plain.
Under existing law, Congress must agree to oil and gas
exploration, and if it does not act, the land will remain a
wildlife refuge protected from commercial development.
Hair said Interior's report failed to stress the
probability that finding recoverable oil is only 19 pct.
He said Interior's study also failed to weigh oil, gas,
fish and wildlife information the State of Alaska had gathered
nor had the department consulted the Environmental Protection
Agency on the possible effects of exploration.
The federation, in letters to Congressmen, proposed that a
nine-member commission be set up to study all aspects of the
issue and report back to Congress in about two years.
Hair said the federation was not opposed to the possible
exploration of oil, only that Interior's study was inadquate to
make a sound judgement.
Congressional observers said that at present there was
little sentiment in Congress to open the wildlife area for
commercial exploitation dispite increasing concern that the
United States is becoming overly dependent on foreign oil.
|
training/4341
|
training/4341 |@title gemini:1 food:1 corp:1 six:1 mth:1 january:1 31:1 net:1 |@word shr:1 profit:2 one:2 ct:2 vs:3 loss:2 net:1 150:1 594:1 55:1 352:1 revs:1 19:1 0:1 mln:2 12:1 4:1
|
<GEMINI FOOD CORP> SIX MTHS JANUARY 31 NET
Shr profit one ct vs loss one ct
Net profit 150,594 vs loss 55,352
Revs 19.0 mln vs 12.4 mln
|
training/4343
|
training/4343 |@title merrill:1 lynch:1 mer:1 fires:1 vaskevitch:1 |@word merrill:3 lynch:2 co:1 inc:1 fire:1 head:1 merger:1 department:1 london:2 office:1 today:2 say:3 unable:1 provide:1 satisfactory:1 explanation:1 response:1 insider:1 trading:1 charge:2 file:1 yesterday:2 securities:1 exchange:1 commission:1 suspend:1 official:1 nahum:1 vaskevitch:2 time:1 disappointed:1 angry:1 sec:1 true:1 statement:1 midday:1 firm:1 continue:1 cooperatie:1 fully:1 authoriteis:1 u:1 investigate:1 activity:1
|
MERRILL LYNCH <MER> FIRES VASKEVITCH
Merrill Lynch and Co Inc fired the
head of the mergers department in its London office today,
saying he had been unable to provide a 'satisfactory
explanation' in response to insider trading charges filed
yesterday by the Securities and Exchange Commission.
Merrill had suspended the official, Nahum Vaskevitch,
yesterday saying at the time it was 'disappointed and angry' if
the SEC charges are true.
Merrill Lynch's statement at midday today said the firm
will continue to cooperatie fully with authoriteis in the U.S.
and London investigating Vaskevitch's activities.
|
training/4344
|
training/4344 |@title lincoln:1 national:1 corp:1 lnc:1 votes:1 dividend:1 |@word qtly:1 div:1 54:2 ct:2 vs:1 prior:1 qtr:1 pay:1 1:1 may:1 record:1 10:1 april:1
|
LINCOLN NATIONAL CORP <LNC> VOTES DIVIDEND
Qtly div 54 cts vs 54 cts prior qtr
Pay 1 May
Record 10 April
|
training/4345
|
training/4345 |@title st:1 lawrence:1 seaway:1 open:1 schedule:1 |@word st:2 lawrence:2 seaway:3 welland:2 canal:2 linking:1 lakes:1 erie:1 ontario:1 expect:1 open:2 schedule:1 march:1 31:1 april:2 1:2 respectively:1 official:2 say:2 entire:1 already:1 free:1 ice:1 due:1 mild:1 winter:1 could:1 navigation:1 today:1 seem:1 enough:1 demand:1 ship:1 company:1 warrant:1 early:1 opening:1 canadian:1 repair:1 continue:1 step:1 pace:1 complete:1 start:1 date:1 add:1
|
ST LAWRENCE SEAWAY TO OPEN ON SCHEDULE
The St Lawrence Seaway and the Welland
Canal linking Lakes Erie and Ontario were expected to open as
scheduled on March 31 and April 1, respectively, a St Lawrence
Seaway official said.
The entire Seaway is already free of ice due to the mild
Winter and could be open for navigation today, 'but there
doesn't seem to be enough demand from shipping companies to
warrant an early opening,' the Canadian official said.
Repairs are continuing at a stepped up pace on the Welland
Canal and should be completed by the April 1 start-up date, she
added.
|
training/4346
|
training/4346 |@title lvi:2 group:1 inc:1 4th:1 qtr:1 net:1 |@word oper:4 shr:2 profit:4 two:3 ct:8 vs:6 loss:6 19:1 net:2 523:1 000:1 2:5 mln:7 revs:2 102:1 5:1 39:1 9:2 12:1 mth:1 11:1 29:1 304:1 4:1 50:1 3:1 note:1 1986:2 last:1 month:1 1985:2 include:1 result:1 nico:1 inc:1 acquire:1 oct:1 prior:1 year:3 exclude:2 discontinue:1 operation:1 14:1 per:3 share:4 quarter:2 18:1 extraordinary:1 gain:1 four:1
|
LVI GROUP INC <LVI> 4TH QTR NET
Oper shr profit two cts vs loss 19 cts
Oper net profit 523,000 vs loss 2.2 mln
Revs 102.5 mln vs 39.9 mln
12 mths
Oper shr profit 11 cts vs loss 29 cts
Oper net profit 2.2 mln vs loss 2.9 mln
Revs 304.4 mln vs 50.3 mln
NOTE: All 1986 and last two months of 1985 include results
of NICO Inc acquired Oct 1985.
Prior year excludes discontinued operations loss of 14 cts
per share in the quarter and loss 18 cts a share in the year.
1986 excludes extraordinary gain of two cts per share in
the quarter and four cts per share in the year.
|
training/4347
|
training/4347 |@title protocomdevice:1 prcm:1 see:1 profit:1 erosion:1 |@word protocomdevices:1 inc:1 say:4 see:1 erosion:1 general:1 financial:1 condition:1 since:1 december:1 31:2 actively:1 engage:1 negotiation:1 secure:1 additional:1 financing:1 also:2 undergo:1 restructuring:1 management:1 institute:1 staff:1 reduction:1 ramon:1 morale:1 relinquish:1 role:2 president:3 chief:3 operating:2 officer:3 assume:2 position:2 executive:2 vice:1 charge:1 international:1 sale:1 rafael:1 collado:1 addition:1 year:1 end:1 january:1 1986:1 company:1 net:1 loss:1 51:1 000:1 dlrs:2 24:1 ct:1 share:1 revenue:1 2:1 8:1 mln:1
|
PROTOCOMDEVICES <PRCM> SEES MORE PROFIT EROSION
ProtocomDevices Inc said it has seen
more erosion of its general financial condition since December
31, and is actively engaged in negotiations to secure
additional financing. It also said it has undergone a
restructuring of its management and is instituting further
staff reductions.
It said Ramon Morales has relinquished his role as
president and chief operating officer and assumed the position
of executive vice president in charge of international sales.
It also said Rafael Collado has assumed the positions of
president and chief operating officer in addition to his role
as chief executive officer.
For the year ended January 31, 1986, the company had a net
loss of 51,000 dlrs or 24 cts a share on revenues of 2.8 mln
dlrs.
|
training/4349
|
training/4349 |@title ico:1 board:1 meeting:1 delay:1 one:1 day:1 |@word international:1 coffee:1 organization:1 ico:5 executive:1 board:1 meeting:1 schedule:1 end:1 month:1 delay:1 one:1 day:1 run:1 march:3 31:1 april:2 2:1 30:2 1:1 official:1 say:1 ad:1 hoc:1 work:1 group:1 meet:1 consider:1 management:1 consultant:1 ernst:1 amp:1 whinney:1 report:3 secretariat:1 commission:1 late:1 last:1 year:1 administrative:1 structure:1
|
ICO BOARD MEETING DELAYED ONE DAY
The International Coffee Organization
(ICO) executive board meeting scheduled for the end of this
month has been delayed by one day and will now run from March
31 to April 2 and not March 30 to April 1, ICO officials said.
On March 30, the ICO ad hoc working group will meet to
consider management consultants Ernst & Whinney's report on the
ICO secretariat. This report was commissioned late last year to
report on the administrative structure of the ICO.
|
training/435
|
training/435 |@title whittaker:1 wkr:1 gain:1 sale:1 |@word whittaker:3 corp:4 say:4 gain:2 sale:1 discontinue:2 business:2 operate:1 loss:2 date:2 disposition:1 defer:1 report:2 restructure:1 program:1 hsa:1 substantially:1 complete:2 company:3 first:2 quarter:2 end:1 january:1 31:1 divestiture:2 health:1 maintenance:1 organization:1 operation:4 travelers:1 tic:1 sell:3 whittar:1 steel:2 strip:1 dofascoxinc:1 equity:1 investment:1 bertram:1 trojan:1 inc:1 affiliate:1 investcorp:1 enter:1 definitive:1 agreement:1 general:1 medical:1 bennes:1 marrel:1 sa:1 france:1 juster:1 well:1 receive:1 proceed:1 90:1 mln:1 dlrs:3 use:1 fund:1 reduce:1 debt:1 incur:1 repurchase:1 common:1 share:1 today:1 earning:1 continue:1 fall:1 1:2 522:1 000:3 3:1 501:1 year:2 early:1 figure:1 exclude:1 817:1 dlr:1
|
WHITTAKER <WKR> TO HAVE GAINS FROM SALES
Whittaker Corp said it will have a
gain on the sale of discontinued businesses after any operating
losses from the businesses up until the dates of disposition,
but it will defer reporting the gain until its restructuring
program hsa been substantially completed.
The company said in the first quarter ended January 31,m it
completed the divestiture of its health maintenance
organization operations to Travelers Corp <TIC> , sold its
Whittar Steel Strip operations to <DofascoxInc> and sold its
equity investment in Bertram-Trojan Inc to an affiliate of
<Investcorp>.
The company said it has entered into definitive agreements
to sell Whittaker General Medical Corp, Bennes MArrel SA of
France and Juster Steel Corp as well.
The company said to date it has received proceeds of about
90 mln dlrs from divestitures and has used the funds to reduce
debt incurred in the repurchase of its common shares.
Whittaker today reported first quarter earnings from
continuing operations fell to 1,522,000 dlrs from 3,501,000
dlrs a year before. The year-earlier figure excluded a
1,817,000 dlr loss from discontinued operations.
|
training/4351
|
training/4351 |@title paradise:1 fruit:1 co:1 inc:1 parf:1 year:1 net:1 |@word shr:2 86:1 ct:3 vs:3 99:1 net:2 435:1 610:1 497:1 160:1 sale:1 16:1 6:1 mln:2 17:1 7:1 note:1 1986:1 year:1 penalize:1 13:1 loss:1 investment:1 tax:1 credit:1
|
PARADISE FRUIT CO INC <PARF> YEAR NET
Shr 86 cts vs 99 cts
Net 435,610 vs 497,160
Sales 16.6 mln vs 17.7 mln
NOTE: 1986 year net penalized 13 cts shr from loss of
investment tax credits.
|
training/4353
|
training/4353 |@title samson:1 energy:1 co:1 limited:1 partnership:1 sam:1 year:1 |@word net:1 loss:3 14:1 144:1 000:4 vs:3 863:1 rev:1 10:1 3:2 mln:3 16:1 7:1 note:1 1986:1 include:1 write:1 15:1 1:1 dlrs:5 carry:1 value:1 oil:1 gas:1 property:1 take:1 first:1 quarter:1 cash:1 flow:1 operationswas:1 6:1 237:1 01:1 per:2 unit:2 9:1 315:1 4:1 56:1
|
SAMSON ENERGY CO LIMITED PARTNERSHIP <SAM> YEAR
Net loss 14,144,000 vs loss 863,000
Revs 10.3 mln vs 16.7 mln
NOTES: 1986 loss includes write-down of 15.1 mln dlrs in
the carrying value of oil and gas properties taken in the first
quarter
Cash flow from operationswas 6,237,000 dlrs, or 3.01 dlrs
per unit, vs 9,315,000 dlrs, or 4.56 dlrs per unit
|
training/4356
|
training/4356 |@title lyng:1 say:1 decision:1 soviet:1 eep:1 offer:1 u:1 |@word agriculture:2 secretary:1 richard:1 lyng:6 say:4 reagan:1 administration:3 decide:1 offer:7 soviet:3 union:2 subsidize:2 wheat:8 rule:2 interview:1 reuters:1 also:1 knowledge:1 upcoming:1 discussion:1 matter:1 within:1 cabinet:1 ask:3 export:2 department:1 enhancement:1 program:1 make:1 decision:1 even:2 talk:1 look:1 remind:1 report:3 moscow:2 would:5 buy:2 u:3 competitively:1 price:5 respond:1 accept:1 depend:1 add:1 think:2 far:1 world:1 persistent:1 speculation:1 subsidy:2 people:1 see:1 get:1 little:1 spurt:1 market:1 undersecretary:1 daniel:1 amstutz:1 last:1 week:1 commodity:1 future:1 trading:1 commission:1 investigate:1 manipulate:1 imminent:1
|
LYNG SAYS NO DECISION ON SOVIET EEP OFFER
U.S. Agriculture Secretary Richard
Lyng said the Reagan administration had not decided on offering
the Soviet Union subsidized wheat but that such an offer had
not been ruled out.
In an interview with Reuters, Lyng also said that he had no
knowledge of any upcoming discussion of the matter within the
cabinet.
Asked if the administration had ruled out offering to
subsidize wheat exports to the Soviet Union under the
department's export enhancement program, Lyng said, 'No. We
haven't made a decision on it, haven't even talked about it,
haven't even looked at it.'
Reminded that there have been reports that Moscow would buy
U.S. wheat if competitively priced, Lyng responded, 'If they
(the Soviets) would offer to buy some wheat, would we accept
it? It would depend on what price they offered.'
Lyng added that he did not think the price of U.S. wheat
was far off the world price.
Asked about persistent speculation that the administration
would offer Moscow a wheat subsidy, Lyng said, 'Some people
think they're doing it to see if they can get a little spurt in
the market.'
Agriculture Undersecretary Daniel Amstutz last week asked
the Commodity Futures Trading Commission to investigate reports
that wheat prices were being manipulated by reports that a U.S.
wheat subsidy offer was imminent.
|
training/4357
|
training/4357 |@title acceleration:1 corp:1 acle:1 4th:1 qtr:1 |@word shr:2 22:1 ct:4 vs:4 19:1 net:3 1:3 mln:3 994:1 000:2 year:1 83:1 60:1 4:1 3:2 note:1 1985:1 include:1 tax:1 loss:1 carryforward:1 gain:1 8:1 dlrs:1
|
ACCELERATION CORP <ACLE> 4TH QTR
Shr 22 cts vs 19 cts
Net 1.1 mln vs 994,000
Year
Shr 83 cts vs 60 cts
Net 4.3 mln vs 3.1 mln
NOTE:1985 net includes tax loss carryforward gain of 8,000
dlrs.
|
training/4358
|
training/4358 |@title energy:1 optics:1 inc:1 2nd:1 qtr:1 jan:1 31:1 net:1 |@word shr:2 profit:4 nil:1 vs:6 loss:4 five:1 ct:3 net:2 232:1 124:1 380:1 revs:2 143:1 397:1 61:1 901:1 1st:1 half:1 one:1 10:1 15:1 722:1 264:1 539:1 354:1 843:1 120:1 403:1
|
<ENERGY OPTICS INC> 2ND QTR JAN 31 NET
Shr profit nil vs loss five cts
Net profit 232 vs loss 124,380
Revs 143,397 vs 61,901
1st half
Shr profit one ct vs loss 10 cts
Net profit 15,722 vs loss 264,539
Revs 354,843 vs 120,403
|
training/436
|
training/436 |@title japan:1 fund:1 jpn:1 get:1 buyout:1 offer:1 |@word japan:2 fund:2 inc:1 say:2 receive:1 unsolicited:1 offer:1 sterling:1 grace:1 capital:1 management:1 lp:1 act:1 together:1 certain:1 person:1 entity:1 purchase:1 asset:2 five:1 pct:1 aggregate:1 net:1 value:1 find:1 tne:1 deal:1 subject:1 obtain:1 satisfactory:1 financing:1 due:1 diligence:1 review:1 add:1 proposal:1 refer:1 board:1 director:1 consideration:1
|
THE JAPAN FUND <JPN> GETS BUYOUT OFFER
The Japan Fund Inc said it has received
an unsolicited offer from <Sterling Grace Capital Management
LP>, acting together with certain other persons and entities,
to purchase all the assets of the fund at five pct below its
aggregate net asset value.
The Japan Find said tne deal is subject to obtaining
satisfactory financing and a due diligence review.
It added that the proposal has been referred to its Board
of Directors for consideration.
|
training/4360
|
training/4360 |@title blue:1 gass:1 breeder:1 blgr:1 complete:1 acquisition:1 |@word blue:3 grass:3 breeders:1 inc:2 say:3 complete:1 acquisition:1 equine:3 enterprises:1 four:1 mln:1 common:1 share:3 obligate:1 deliver:1 another:1 2:1 741:1 660:1 attainment:1 certain:1 level:1 shareholder:1 equity:1 fiscal:1 quarter:2 within:1 12:1 month:1 close:1 contingent:1 issue:1 former:1 owner:1 75:1 pct:1 interest:1 new:1 mexico:1 horse:1 breeding:1 race:1 company:1
|
BLUE GASS BREEDERS <BLGR> COMPLETES ACQUISITION
Blue Grass Breeders Inc said it has
completed the acquisition of Equine Enterprises Inc for four
mln common shares.
It said it is obligated to deliver another 2,741,660 shares
on the attainment of a certain level of shareholders' equity
during any fiscal quarter within 12 months of closing.
If all the contingent shares are issued, Blue Grass said
former owners of Equine will have a 75 pct interest in Blue
Grass.
Equine is a New Mexico quarter horse breeding and racing
company.
|
training/4361
|
training/4361 |@title digimed:1 corp:1 2nd:1 qtr:1 dec:1 31:1 loss:1 |@word shr:2 loss:6 two:1 ct:4 vs:8 five:1 net:2 17:2 334:1 51:1 507:1 sale:2 245:1 560:1 179:1 839:1 avg:2 shrs:2 1:4 136:2 785:4 046:2 six:1 mth:1 profit:2 four:1 47:1 749:1 174:1 373:1 721:1 937:1 284:1 809:1
|
DIGIMED CORP 2ND QTR DEC 31 LOSS
Shr loss two cts vs loss five cts
Net loss 17,334 vs loss 51,507
Sales 245,560 vs 179,839
Avg shrs 1,136,785 vs 1,046,785
Six mths
Shr profit four cts vs loss 17 cts
Net profit 47,749 vs loss 174,373
Sales 721,937 vs 284,809
Avg shrs 1,136,785 vs 1,046,785
|
training/4363
|
training/4363 |@title flight:1 international:1 group:1 inc:1 flti:1 3rd:1 qtr:1 |@word periods:1 end:1 january:1 31:1 shr:2 profit:4 22:1 ct:4 vs:6 loss:4 26:1 net:2 439:1 000:8 522:1 revs:2 5:1 600:1 3:2 859:1 nine:2 mth:1 46:1 three:1 912:1 59:1 14:1 6:1 mln:2 18:1 note:1 year:1 ago:1 revenue:1 include:1 400:1 dlrs:2 quarter:1 2:1 227:1 month:1 operation:1 subsidiary:1 sell:1 april:1 1986:1
|
FLIGHT INTERNATIONAL GROUP INC <FLTI> 3RD QTR
periods ended January 31
Shr profit 22 cts vs loss 26 cts
Net profit 439,000 vs loss 522,000
Revs 5,600,000 vs 3,859,000
Nine mths
Shr profit 46 cts vs loss three cts
Net profit 912,000 vs loss 59,000
Revs 14.6 mln vs 18.3 mln
NOTE: Year ago revenues include 400,000 dlrs in quarter and
2,227,000 dlrs in nine months from operations of subsidiary
sold in April 1986
|
training/4364
|
training/4364 |@title nord:1 est:1 plan:1 400:1 mln:1 franc:1 bond:1 issue:1 |@word financial:1 industrial:1 hold:1 company:4 nord:3 est:3 plan:1 make:2 convertible:1 bond:1 issue:2 total:1 400:1 mln:8 franc:5 president:1 gustave:1 rambaud:3 say:5 tell:1 news:1 conference:1 expect:1 receive:1 approval:1 bourse:1 supervisory:1 body:1 cob:1 next:1 two:1 week:1 term:1 would:2 set:1 accord:1 market:1 condition:1 mean:1 boost:1 capital:1 ahead:1 new:1 investment:1 pay:1 1986:1 dividend:1 5:3 25:1 unchanged:1 1985:3 parent:2 net:2 profit:4 last:1 year:1 rise:1 99:1 71:1 1:1 provisional:1 consolidated:1 low:2 185:1 compare:1 200:1 120:1 147:1 attributable:1 group:1 mainly:1 due:1 loss:1 steel:1 tube:1 maker:1 vallourec:1 12:1 pct:1 stake:1 forecast:1 1987:1 provision:1 around:1 135:1
|
NORD EST PLANS 400 MLN FRANC BOND ISSUE
Financial and industrial holding company
Nord Est plans to make a convertible bond issue for a total of
400 mln francs, President Gustave Rambaud said.
He told a news conference Nord-Est expected to receive
approval from the Bourse supervisory body COB in the next two
week, when terms would set according to market conditions.
He said the issue was meant to boost capital ahead of new
investments.
Rambaud said the company would pay a 1986 dividend of 5.25
francs, unchanged on 1985. Parent company net profit last year
rose to 99.5 mln francs against 71.1 mln in 1985.
Provisional consolidated profits were lower at 185 mln
francs compared with 200 mln in 1985, of which 120 mln, against
147 mln, was attributable to the group. He said the lower
profit was mainly due to losses made by steel-tube maker
Vallourec, in which Nord Est has a 12.5 pct stake.
Rambaud said he forecast a 1987 parent company net profit
before provisions of around 135 mln francs.
|
training/4365
|
training/4365 |@title solv:2 ex:1 shell:1 canada:1 shc:1 pact:1 complete:1 |@word solv:4 ex:4 corp:1 say:7 successfully:1 complete:1 oil:6 sand:4 pilot:1 testing:1 program:1 agreement:1 shell:6 canada:3 limit:1 shc:1 receive:1 250:1 000:1 u:2 dlr:1 bonus:1 payment:1 also:1 exercise:1 option:1 take:1 25:1 pct:2 work:1 interest:1 construction:2 facility:2 relieve:1 obligation:1 raise:1 62:1 5:1 mln:2 canadian:2 dlrs:3 plant:2 30:1 loan:1 guarantee:1 government:1 alberta:2 exchange:1 participation:1 obligate:1 pay:1 front:1 royalty:2 running:1 base:1 operate:1 profit:1 7:1 500:1 barrel:2 per:2 day:1 project:2 build:1 lease:1 40:1 mile:1 north:1 fort:1 mcmurray:1 athabasca:1 region:1 northern:1 cost:1 260:1 follow:1 final:1 feasibility:1 study:1 open:1 early:1 1990:1 price:1 expect:1 exceed:1 20:1
|
SOLV-EX <SOLV> SHELL CANADA <SHC> PACT COMPLETE
Solv-Ex Corp said it
successfully completed its oil sands pilot testing program
under its agreement with Shell Canada Limited <SHC> and
received a 250,000 U.S. dlr bonus payment.
It also said that Shell Canada exercised its option to take
over Solv-Ex's 25 pct working interest in the construction of
the oil facility, relieving it of its obligation to raise about
62.5 mln Canadian dlrs for plant construction.
It said 30 pct of that loan was guaranteed by the
Government of Alberta.
In exchange for Shell's participation, Solv-Ex said Shell
is obligated to pay it an up-front royalty and a running
royalty based on the operating profits of the oil sands
facility. It said the Shell Canada 7,500 barrel per day oil
sands project will be built on Shell's oil sand lease about 40
miles north of Fort McMurray in the Athabasca region of
northern Alberta.
Solv-Ex said the project will cost about 260 mln Canadian
dlrs. It said that following a final feasibility study the
plant should open in the early 1990s when oil prices are
expected to exceed 20 U.S. dlrs per barrel.
|
training/4366
|
training/4366 |@title spain:1 68:1 mln:1 dlr:1 january:1 payment:1 surplus:1 |@word spain:2 68:1 mln:5 dlr:1 current:1 account:1 balance:1 payment:1 surplus:2 january:4 compare:1 556:1 deficit:2 december:1 370:1 last:1 year:1 bank:1 figure:1 show:1 trade:1 rise:1 664:1 dlrs:1 146:1 1986:1
|
SPAIN HAS 68 MLN DLR JANUARY PAYMENTS SURPLUS
Spain had a 68 mln dlr current account
balance of payments surplus in January compared with a 556 mln
deficit in December and 370 mln surplus in January last year,
Bank of Spain figures show.
The trade deficit rose to 664 mln dlrs in January from 146
mln in January 1986.
|
training/4367
|
training/4367 |@title union:1 pacific:1 unp:1 partnership:1 pdvsa:1 |@word union:8 pacific:8 corp:1 say:8 enter:1 50:3 partnership:3 petroles:2 de:2 venezuela:2 pdvsa:4 operate:2 160:1 000:3 barrel:1 per:1 day:1 corpus:1 christi:1 texas:1 oil:2 refinery:4 assest:1 acquire:3 value:1 190:1 mln:1 dlrs:1 closing:1 expect:1 take:1 place:1 early:1 april:1 venture:3 call:1 champlin:3 refining:2 co:1 distribution:1 system:1 currently:1 petroleum:1 wholly:1 subsidiary:1 related:1 inventory:2 trade:1 name:1 company:4 contribute:1 half:1 capital:1 require:1 arrange:1 revolving:1 credit:1 facility:1 u:1 foreign:1 bank:1 finance:1 receivables:1 also:1 sign:1 25:1 year:1 agreement:3 supply:4 least:1 140:1 bpd:2 venezulean:1 crude:1 naphtha:1 market:1 relate:1 price:1 various:1 option:1 could:1 another:1 similar:1 term:2 provide:1 stable:1 long:1 competitive:1 cost:1 thereby:1 assure:1 economic:1 viability:1 plant:1 statement:2 issue:1 enable:1 steady:1 flow:1 refined:1 product:1 customer:1 employee:1 would:2 transfer:1 new:1 retain:1 benefit:1 past:1
|
UNION PACIFIC <UNP> IN PARTNERSHIP WITH PDVSA
Union Pacific Corp said it will enter
a 50-50 partnership with Petroles de Venezuela, PDVSA, to own
and operate Union Pacific's 160,000 barrel-per-day Corpus
Christi, Texas, oil refinery.
The assests to be acquired by the partnership are valued at
190 mln dlrs, Union Pacific said.
Closing is expected to take place in early April and the
venture is to be called Champlin Refining Co.
The partnership will acquire the refining and distribution
systems currently owned and operated by Champlin Petroleum, a
wholly owned subsidiary of Union Pacific.
The venture will acquire the related inventories and the
Champlin trade name, the company said.
PDVSA and Union Pacific will each contribute half the
capital required by the venture and arrange a revolving credit
facility with U.S. and foreign banks to finance inventories and
receivables, Union Pacific said.
Petroles de Venezuela also signed a 25-year agreement to
supply at least 140,000 bpd of Venezulean crude oil and naphtha
to the refinery at market related prices.
Under various options the in the agreement PDVSA could
supply another 50,000 bpd on similar terms, the company said.
'This will provide a stable, long-term supply to the
refinery at competitive costs, thereby assuring the economic
viability of the plant,' a statement issued by Union Pacific
said.
The statement said the agreement with PDVSA will enable the
company to supply a steady flow of refined products to its
customers.
Union Pacific said employees of the refinery would be
transfered to the new company and would retain the same
benefits as in the past.
|
training/4369
|
training/4369 |@title purolator:1 pcc:1 director:1 quit:1 buyout:1 |@word purolator:6 courier:3 corp:2 director:5 resign:4 company:8 board:4 say:5 plan:1 take:3 step:2 make:2 find:1 offer:3 top:1 265:1 mln:2 dlr:1 buyout:3 deal:3 already:1 accept:1 doresy:1 gardner:4 march:2 10:1 letter:2 include:1 filing:1 securities:1 exchange:2 commission:1 note:1 term:1 merger:1 agreement:1 would:4 buy:2 group:1 manager:1 e:1 f:1 hutton:1 lbo:1 inc:1 bar:1 action:2 solicit:2 initiate:2 encourage:2 acquisition:1 proposal:1 shareholder:6 wish:1 indication:1 interest:1 believe:2 therefore:1 corporation:1 accordingly:1 hereby:1 effective:1 immediately:1 could:2 get:2 well:1 agree:1 sell:2 entity:1 part:1 u:1 division:1 4:1 another:1 rodney:1 shields:1 file:1 class:1 suit:1 behalf:1 charge:1 breach:1 fiduciary:1 duty:1 fail:1 ensure:1 high:1 possible:1 price:1 give:1 35:1 dlrs:3 share:3 cash:2 83:1 pct:1 7:1 6:1 tender:2 receive:1 29:1 six:1 debenture:1 warrant:1 stock:1 new:1
|
PUROLATOR <PCC> DIRECTOR QUITS OVER BUYOUT
A Purolator Courier Corp director
resigned from the company's board, saying he plans to take
steps to make or find an offer that tops the 265 mln dlr buyout
deal already accepted by Purolator's board, the company said.
The director, Doresy Gardner, resigned in a March 10 letter
to the Purolator board, which was included in a filing made by
the company to the Securities and Exchange Commission.
Gardner noted that the terms of the merger agreement in
which the company would bought out by a group of its managers
and E.F. Hutton LBO Inc bar directors from taking action to
solicit, initiate or encourage acquisition proposals.
'I, as a shareholder, wish to solicit, initiate or
encourage such an offer or indication of interest, and believe,
therefore, that I should resign as a director of the
corporation,' Gardner said in the letter.
'Accordingly, I hereby resign as a director of Purolator
Courier Corp, effective immediately,' he said.
Gardner said he believes shareholders could get a better
deal than the buyout offer if the company would agree to be
sold to some other entity, or if it could sell off all or part
of its U.S. courier division.
On March 4, another Purolator shareholder, Rodney Shields,
filed a class action suit on behalf of the company's
shareholders charging the company and its board with breaching
their fiduciary duty by failing to take steps to ensure that
shareholders got the highest possible price in the buyout.
The deal would give shareholders 35 dlrs a share in cash if
just 83 pct of Purolator's 7.6 mln shares are tendered. If more
are tendered, they would receive 29 dlrs in cash and six dlrs
in debentures and a warrant to buy stock in the new company in
exchange for each share.
|
training/4370
|
training/4370 |@title unr:1 industries:1 inc:1 unriq:1 4th:1 qtr:1 net:1 |@word shr:2 profit:6 75:1 ct:2 vs:6 25:1 net:2 2:1 742:1 962:1 936:1 333:1 sale:2 74:1 9:1 mln:4 70:1 1:4 year:1 05:1 dlrs:2 loss:2 07:1 3:3 868:1 888:1 931:1 580:1 299:1 281:1
|
UNR INDUSTRIES INC <UNRIQ> 4TH QTR NET
Shr profit 75 cts vs profit 25 cts
Net profit 2,742,962 vs profit 936,333
Sales 74.9 mln vs 70.1 mln
Year
Shr profit 1.05 dlrs vs loss 1.07 dlrs
Net profit 3,868,888 vs loss 3,931,580
Sales 299.3 mln vs 281.1 mln
|
training/4371
|
training/4371 |@title century:1 telephone:1 ctl:1 sell:1 property:1 |@word century:1 telephone:1 enterprises:1 inc:1 say:2 accept:1 offer:1 sell:1 cable:1 television:1 property:1 michigan:1 tennessee:1 florida:1 arkansas:1 louisiana:1 substantial:1 gain:1 company:1 detail:1 disclose:1
|
CENTURY TELEPHONE <CTL> TO SELL PROPERTIES
Century Telephone Enterprises Inc
said it has accepted an offer to sell its cable television
properties in Michigan, Tennessee, Florida, Arkansas and
Louisiana for a 'substantial' gain.
The company said details were not disclosed.
|
training/4372
|
training/4372 |@title volt:2 information:1 sciences:1 inc:1 1st:1 qtr:1 |@word shr:1 12:1 ct:2 vs:4 seven:1 net:3 817:1 000:4 512:1 revs:1 107:1 5:1 mln:7 99:1 9:2 avg:1 6:1 7:1 2:4 note:1 1987:2 include:1 4:1 dlr:1 pretax:1 gain:2 settlement:1 743:1 dlrs:4 security:1 sale:1 interest:1 expense:1 investment:1 income:1 920:1 fiscal:1 1986:1 change:1 european:1 operation:1 method:1 result:1 pre:1 tax:1 translation:1 loss:1 1:2 period:1 end:1 january:1 30:1
|
VOLT INFORMATION SCIENCES INC <VOLT> 1ST QTR
Shr 12 cts vs seven cts
Net 817,000 vs 512,000
Revs 107.5 mln vs 99.9 mln
Avg 6.9 mln vs 7.2 mln
NOTE: 1987 net includes 2.4 mln dlr pretax gain on
settlement, 743,000 dlrs gain on securities sale, interest
expense net of investment income of 2.2 mln dlrs and 920,000
dlrs in fiscal 1986. Change of European operations method
resulted in pre-tax translation losses of 1.1 mln dlrs in 1987.
Period ended January 30.
|
training/4374
|
training/4374 |@title paradise:1 fruit:1 parf:1 set:1 low:1 dividend:1 |@word paradise:2 fruit:1 co:1 inc:1 say:2 board:1 declare:1 dividend:1 25:1 ct:3 per:2 share:2 payable:1 march:2 31:1 holder:1 record:1 19:1 company:1 last:1 pay:2 50:1 january:2 1986:2 60:1 1985:1 commercial:1 bank:1 lending:1 agreement:1 enter:1 june:1 include:1 retained:1 earning:2 requirement:1 limit:1 amount:1 available:1 distribution:1 shareholder:1
|
PARADISE FRUIT <PARF> SETS LOWER DIVIDEND
Paradise Fruit Co Inc said its
board declared a dividend of 25 cts per share, payable March 31
to holders of record March 19.
The company last paid 50 cts per share in January 1986 and
before that paid 60 cts in January 1985.
Paradise said commercial bank lending agreements it entered
into in June 1986 include retained earnings requirements that
limit the amount of earnings available for distribution to
shareholders.
|
training/4376
|
training/4376 |@title canada:1 malting:1 co:1 ltd:1 year:1 net:1 |@word oper:2 shr:1 1:2 30:1 dlrs:4 vs:3 51:1 net:1 4:2 06:1 mln:5 17:1 sale:1 146:1 3:1 155:1 9:1 note:1 1985:1 exclude:1 extraordinary:1 loss:1 7:1 45:1 2:1 70:1 per:1 share:1
|
<CANADA MALTING CO LTD> YEAR NET
Oper shr 1.30 dlrs vs 1.51 dlrs
Oper net 4.06 mln vs 4.17 mln
Sales 146.3 mln vs 155.9 mln
Note: 1985 excludes extraordinary loss of 7.45 mln dlrs, or
2.70 dlrs per share.
|
training/4378
|
training/4378 |@title north:1 american:1 holding:1 corp:1 nahl:1 3rd:1 qtr:1 net:1 |@word dec:1 31:1 end:1 shr:2 profit:4 nil:1 vs:8 loss:4 four:1 ct:3 net:2 6:2 891:1 590:1 460:1 rev:1 518:1 133:1 2:2 521:1 884:1 avg:2 shrs:2 13:2 1:2 mln:5 12:1 0:1 nine:1 mth:1 six:1 seven:1 772:1 703:1 758:1 620:1 revs:1 20:1 7:1 599:1 017:1 10:1 9:1
|
NORTH AMERICAN HOLDING CORP <NAHL> 3RD QTR NET
Dec 31 end
Shr profit nil vs loss four cts
Net profit 6,891 vs loss 590,460
Revs 6,518,133 vs 2,521,884
Avg shrs 13.1 mln vs 12.0 mln
Nine mths
Shr profit six cts vs loss seven cts
Net profit 772,703 vs loss 758,620
Revs 20.1 mln vs 7,599,017
Avg shrs 13.2 mln vs 10.9 mln
|
training/438
|
training/438 |@title samsung:1 co:1 calendar:1 1986:1 |@word div:1 50:2 win:3 vs:3 net:1 profit:1 6:2 91:1 billion:5 10:1 sale:2 4:3 275:1 3:1 801:1 7:1 note:1 company:1 set:1 1987:1 target:1 800:1
|
<SAMSUNG CO> CALENDAR 1986
Div 50 won vs 50 won
Net profit 6.91 billion won vs 6.10 billion
Sales 4,275.4 billion vs 3,801,7 billion
Note - Company has set 1987 sales target of 4,800 billion
won.
|
training/4380
|
training/4380 |@title general:1 host:1 corp:1 gh:1 set:1 quarterly:1 |@word qtly:1 div:1 six:2 ct:2 vs:1 prior:1 pay:1 april:1 three:1 record:1 march:1 23:1
|
GENERAL HOST CORP <GH> SETS QUARTERLY
Qtly div six cts vs six cts prior
Pay April Three
Record March 23
|
training/4382
|
training/4382 |@title u:2 soviet:1 grain:1 accord:1 question:1 lyng:1 |@word agriculture:1 secretary:1 richard:1 lyng:5 say:8 sure:1 long:1 term:1 u:4 soviet:2 grain:3 agreement:5 would:3 worth:3 extend:1 expire:1 next:1 year:5 much:2 last:3 two:1 live:1 see:2 interview:1 reuters:1 thought:1 effort:1 work:1 someone:1 want:2 one:3 sided:1 thing:1 however:1 make:2 definitive:1 commitment:1 way:1 another:1 point:1 accord:1 cover:1 1983:1 88:1 soviets:3 agree:1 buy:5 least:1 nine:1 mln:4 tonne:5 include:1 four:1 corn:6 wheat:2 moscow:2 6:1 8:1 153:1 000:1 third:1 end:1 september:1 knowledge:3 people:1 comment:1 know:2 unless:1 talk:1 really:1 think:3 anyone:1 month:1 need:1 price:2 right:1 pretty:1 reasonably:1 always:1 find:1 good:1
|
U.S.-SOVIET GRAIN ACCORD QUESTIONED BY LYNG
U.S. Agriculture Secretary Richard
Lyng said he was not sure a long-term U.S.-Soviet grain
agreement would be worth extending when it expires next year.
'It hasn't been worth much in the last two years....They
haven't lived up to the agreement as I see it,' Lyng said in an
interview with Reuters.
'It would be my thought that it's not worth any effort to
work out an agreement with someone who wants the agreement to
be a one-sided thing,' he said.
However, Lyng said he did not want to make a 'definitive
commitment one way or another at this point.'
Under the accord covering 1983-88, the Soviets agreed to
buy at least nine mln tonnes of U.S. grain, including four mln
tonnes each of corn and wheat.
Moscow bought 6.8 mln tonnes of corn and 153,000 tonnes of
wheat during the third agreement year, which ended last
September, and this year has bought one mln tonnes of corn.
Lyng said he had no knowledge of how much U.S. grain Moscow
would buy this year.
'I've seen people making comments on that and I don't know
how they know, unless they talk to the Soviets,' he said. 'I have
no knowledge, and I really don't think anyone other than the
Soviets have any knowledge.'
Lyng said he thought the Soviets bought U.S. corn last
month because 'they needed it and because the price was right.'
'Our corn has been pretty reasonably priced. And I think
they've always found that our corn was good,' he said.
|
training/4384
|
training/4384 |@title grow:1 group:1 inc:1 gro:1 set:1 quarterly:1 |@word qtly:1 div:1 7:2 1:2 2:2 ct:2 vs:1 prior:1 pay:1 april:2 30:1 record:1 15:1
|
GROW GROUP INC <GRO> SETS QUARTERLY
Qtly div 7-1/2 cts vs 7-1/2 cts prior
Pay April 30
Record April 15
|
training/4385
|
training/4385 |@title digimed:1 corp:1 2nd:1 qtr:1 dec:1 31:1 loss:1 |@word shr:2 loss:6 1:1 5:1 ct:4 vs:6 five:1 net:2 17:2 334:1 51:1 507:1 sale:2 245:1 560:1 179:1 839:1 six:1 mth:1 profit:2 four:1 47:1 749:1 174:1 373:1 721:1 937:1 284:1 809:1
|
DIGIMED CORP 2ND QTR DEC 31 LOSS
Shr loss 1.5 cts vs loss five cts
Net loss 17,334 vs loss 51,507
Sales 245,560 vs 179,839
Six mths
Shr profit four cts vs loss 17 cts
Net profit 47,749 vs loss 174,373
Sales 721,937 vs 284,809
|
training/4386
|
training/4386 |@title powerine:1 refinery:1 resume:1 operation:1 |@word powerine:3 oil:4 co:1 say:4 refinery:3 resume:1 operation:1 today:1 initial:2 crude:2 run:1 20:1 000:2 barrel:1 per:1 day:1 privately:1 hold:1 company:2 expect:1 become:1 fully:1 operational:1 may:1 throughput:1 35:1 bpd:1 product:1 delivery:1 schedule:1 monday:1 close:1 due:1 change:1 ownership:1
|
POWERINE REFINERY TO RESUME OPERATIONS
<Powerine Oil Co> said
its refinery here will resume operation today, with initial
crude oil runs of 20,000 barrels per day.
Powerine, a privately-held company, said it expects the
refinery to become fully operational by May, with crude oil
throughput at 35,000 bpd.
Initial oil products deliveries are scheduled for Monday,
Powerine said. The refinery had been closed due to a change of
ownership, the company said.
|
training/4387
|
training/4387 |@title trinity:1 industries:1 inc:1 trn:1 set:1 quarterly:1 |@word qtly:1 div:1 12:2 1:2 2:2 ct:2 vs:1 prior:1 pay:1 april:2 30:1 record:1 15:1
|
TRINITY INDUSTRIES INC <TRN> SETS QUARTERLY
Qtly div 12-1/2 cts vs 12-1/2 cts prior
Pay April 30
Record April 15
|
training/4388
|
training/4388 |@title coastal:1 bancorp:1 csbk:1 set:1 quarterly:1 |@word qtly:1 div:1 five:2 ct:2 vs:1 prior:1 pay:1 april:1 15:1 record:1 march:1 30:1
|
COASTAL BANCORP <CSBK> SETS QUARTERLY
Qtly div five cts vs five cts prior
Pay April 15
Record March 30
|
training/4389
|
training/4389 |@title idaho:1 power:1 co:1 ida:1 set:1 quarterly:1 |@word qtly:1 div:1 45:2 ct:2 vs:1 prior:1 pay:1 may:1 20:1 record:1 april:1 24:1
|
IDAHO POWER CO <IDA> SETS QUARTERLY
Qtly div 45 cts vs 45 cts prior
Pay May 20
Record April 24
|
training/439
|
training/439 |@title daewoo:1 corp:1 calendar:1 1986:1 |@word div:1 50:2 win:4 vs:3 net:1 profit:1 35:1 4:2 billion:4 34:1 2:2 sale:2 214:1 9:1 3:1 779:1 bilion:1 note:1 company:1 set:1 1987:1 target:1 5:1 200:1
|
<DAEWOO CORP> CALENDAR 1986
Div 50 won vs 50 won
Net profit 35.4 billion won vs 34.2 billion
Sales 4,214.9 billion won vs 3,779.2 bilion
Note - company has set 1987 sales target of 5,200 billion.
|
training/4392
|
training/4392 |@title u:2 soybean:1 marketing:1 loan:1 need:1 lyng:1 |@word agriculture:1 secretary:2 richard:1 lyng:2 say:4 marketing:4 loan:4 soybean:3 would:1 serve:1 present:1 purpose:1 u:1 price:4 world:3 ask:1 interview:1 time:1 consider:2 think:2 low:2 anyway:1 however:1 usda:1 current:1 condition:2 surplus:1 production:1 persist:1 may:2 appropriate:1 suppose:1 danger:1 export:1 continue:2 drop:1 government:1 accumulate:1 large:1 stock:1 worth:1 contemplate:1 market:2
|
U.S. SOYBEAN MARKETING LOAN NOT NEEDED - LYNG
U.S. Agriculture Secretary Richard
Lyng said a marketing loan for soybeans would serve no present
purpose because the U.S. price is not above the world price.
Asked in an interview if it was time to consider a
marketing loan for soybeans, Lyng said, 'I don't think so. I
don't think the world price is lower than our price anyway.'
However, the USDA secretary said that if current conditions
of surplus production persisted, it might be appropriate to
consider a marketing loan.
'I suppose that under that condition there is a danger our
exports will continue to drop and that the government will
continue to accumulate large stocks of soybeans,' he said. 'It
might be (worth contemplating a marketing loan), if there were
a world market that was lower than our market.'
|
training/4397
|
training/4397 |@title united:1 stationers:1 inc:1 ustr:1 set:1 dividend:1 |@word qtly:1 dividend:1 six:2 ct:2 vs:1 pay:1 april:1 15:1 record:1 march:1 31:1
|
UNITED STATIONERS INC <USTR> SETS DIVIDEND
Qtly dividend six cts vs six cts
Pay April 15
Record March 31
|
training/4398
|
training/4398 |@title lincoln:1 national:1 corp:1 lnc:1 set:1 quarterly:1 |@word qtly:1 div:1 54:2 ct:2 vs:1 prior:1 pay:1 may:1 one:1 record:1 april:1 10:1
|
LINCOLN NATIONAL CORP <LNC> SETS QUARTERLY
Qtly div 54 cts vs 54 cts prior
Pay May One
Record April 10
|
training/4399
|
training/4399 |@title petrie:1 stores:1 corp:1 pst:1 set:1 quarterly:1 |@word qtly:1 div:1 17:2 1:2 2:3 ct:2 vs:1 prior:1 pay:1 april:2 20:1 record:1
|
PETRIE STORES CORP <PST> SETS QUARTERLY
Qtly div 17-1/2 cts vs 17-1/2 cts prior
Pay April 20
Record April 2.
o
|
training/44
|
training/44 |@title mclean:1 mii:1 u:1 line:1 set:1 asset:1 transfer:1 |@word mclean:1 industries:1 inc:3 united:1 states:1 lines:2 subsidiary:2 say:2 agree:1 principle:1 transfer:2 south:1 american:2 service:1 arrange:1 certain:1 charter:1 asset:1 crowley:1 mariotime:1 corp:1 transport:1 u:2 line:1 negotiation:1 contract:2 expect:1 complete:1 within:1 next:1 week:1 term:1 condition:1 would:1 subject:1 approval:1 various:1 regulatory:1 body:1 include:1 bankruptcy:1 court:1
|
MCLEAN'S <MII> U.S. LINES SETS ASSET TRANSFER
McLean Industries Inc's United
States Lines Inc subsidiary said it has agreed in principle to
transfer its South American service by arranging for the
transfer of certain charters and assets to <Crowley Mariotime
Corp>'s American Transport Lines Inc subsidiary.
U.S. Lines said negotiations on the contract are expected
to be completed within the next week. Terms and conditions of
the contract would be subject to approval of various regulatory
bodies, including the U.S. Bankruptcy Court.
|
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