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training/440
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training/440 |@title corn:2 offer:2 0:2 5165:2 share:4 hazleton:2 early:2 agreement:2 |@word
|
CORNING TO OFFER 0.5165 SHARE FOR EACH HAZLETON SHARE UNDER EARLIER AGREEMENT
CORNING TO OFFER 0.5165 SHARE FOR EACH HAZLETON SHARE UNDER EARLIER AGREEMENT
|
training/4401
|
training/4401 |@title desoto:1 dso:1 sell:1 industrial:1 chemical:1 asset:1 |@word desoto:2 inc:2 say:1 sell:1 plant:1 inventory:1 certain:1 asset:1 industrial:2 chemical:2 operation:2 plastic:1 speciality:1 technologies:1 privately:1 hold:1 company:1 headquarter:1 parsippany:1 new:1 jersey:1 term:1 disclose:1 base:1 fort:1 worth:1 texas:1 annual:1 sale:1 17:1 mln:1 dlrs:1
|
DESOTO <DSO> SELLS INDUSTRIAL CHEMICAL ASSETS
DeSoto Inc said it sold the
plant, inventory and certain other assets of some of its
industrial chemical operations to Plastic Specialities and
Technologies Inc, a privately-held company headquartered in
Parsippany, New Jersey. Terms were not disclosed.
Desoto's industrial chemical operations are based in Fort
Worth, Texas, and has annual sales of about 17 mln dlrs.
|
training/4404
|
training/4404 |@title safeguard:1 health:1 sfgd:1 4th:1 qtr:1 loss:1 |@word shr:2 loss:5 30:1 ct:4 vs:6 profit:4 12:1 net:2 2:2 374:1 000:4 970:1 revs:2 15:1 7:1 mln:5 13:2 4:1 year:2 46:1 1:1 054:1 3:1 425:1 61:1 8:1 49:1 9:2 note:1 full:1 name:1 safeguard:1 health:1 enterprises:1 inc:1 current:1 qtr:1 figure:1 include:1 dlr:1 reserve:1 estimate:1 propose:1 divestment:1 one:1 third:1 exist:1 40:1 office:1
|
SAFEGUARD HEALTH <SFGD> 4TH QTR LOSS
Shr loss 30 cts vs profit 12 cts
Net loss 2,374,000 vs profit 970,000
Revs 15.7 mln vs 13.4 mln
Year
Shr loss 13 cts vs profit 46 cts
Net loss 1,054,000 vs profit 3,425,000
Revs 61.8 mln vs 49.9 mln
Note: Full name Safeguard Health Enterprises Inc.
Current qtr and year figures include 2.9 mln dlr reserve
for estimated loss from proposed divestment of one-third of
existing 40 offices.
|
training/4405
|
training/4405 |@title rubber:1 talk:1 chairman:1 cite:1 slight:1 progress:1 |@word slight:2 progress:2 towards:1 reach:1 rubber:3 pact:4 chairman:1 united:1 nations:1 conference:4 new:1 international:2 natural:2 agreeement:1 inra:1 manaspas:1 xuto:3 thailand:1 say:7 end:1 road:1 yet:1 begin:1 monday:1 see:1 last:1 effort:1 adopt:1 accord:2 replace:1 current:2 one:1 expire:1 october:1 40:1 produce:1 consume:1 country:1 take:1 part:1 two:2 week:3 meeting:3 key:1 outstanding:1 issue:2 resolve:1 tomorrow:1 would:3 hold:1 weekend:1 beginning:1 fourth:1 nearly:1 year:1 imperative:1 settle:1 technical:1 draft:1 work:1 next:1 source:2 highly:1 unlikely:1 producer:2 accept:1 provide:1 possible:2 downward:1 adjustment:5 floor:2 price:13 propose:2 consumer:5 certain:1 circumstance:2 mean:1 centre:1 reference:4 may:2 buy:2 sell:2 must:2 level:1 without:1 change:2 lower:1 indicative:2 150:1 malaysian:3 singapore:3 cents:2 kilo:2 present:5 five:3 day:1 average:1 indicator:1 around:1 192:1 cent:1 seek:1 set:1 201:1 66:1 low:1 buffer:1 stock:1 currently:1 360:1 000:2 tonne:2 rise:1 450:1 want:1 review:1 12:1 month:2 interval:1 instead:1 18:1 revision:1 mechanism:1 respond:1 automatically:1 market:2 trend:1 six:1 revise:1 pct:2 amount:1 decide:1 organisation:1 council:2 automatic:1 resist:1 reduce:1 role:1 procedure:1 express:1 concern:1 weaken:1
|
RUBBER TALKS CHAIRMAN CITES SLIGHT PROGRESS
There has been slight progress towards
reaching a rubber pact, the chairman of a United Nations
conference on a new International Natural Rubber Agreeement,
INRA, Manaspas Xuto of Thailand, said.
'There has been some slight progress but it is not the end
of the road yet,' he said.
The conference, which began Monday, is seen as the last
effort to adopt an accord to replace the current one which
expires in October. Some 40 producing and consuming countries
are taking part in the two-week meeting.
Xuto said if the key outstanding issues are not resolved by
tomorrow he would hold weekend meetings.
At the beginning of the conference, the fourth such meeting
in nearly two years, Xuto said it was imperative to settle
those issues this week so that technical drafting work can be
done next week.
Conference sources said it is highly unlikely that
producers will accept a pact that will provide for any possible
downward adjustment of the floor price, as proposed by
consumers under certain circumstances.
The sources said this means that any possible adjustment
would centre on the reference price, and the 'may buy' (or 'may
sell') and 'must buy' (or 'must sell') levels without changing the
'lower indicative price' (or floor price) of 150
Malaysian/Singapore cents a kilo in the present pact.
The present five-day average of the indicator price is
around 192 Malaysian/Singapore cents.
Consumers are seeking an adjustment of the reference price,
set in the current accord at 201.66 Malaysian/Singapore cents a
kilo, and of the 'lower indicative price' if the buffer stock,
currently 360,000 tonnes, rises to 450,000 tonnes.
Consumers want price reviews at 12-month intervals instead
of the 18 at present, and the price revision mechanism to
respond automatically to market trends.
At present, if the market price has been above or below the
reference price for six months, the reference price is revised
by five pct or by an amount decided by the International
Natural Rubber Organisation council.
Consumers say that, in these circumstances, the adjustment
be automatic at five pct or more.
Producers have resisted reducing the role of the council in
the price adjustment procedure and have expressed concern that
changes proposed by consumers would weaken the present pact.
|
training/4407
|
training/4407 |@title britannia:1 coin:1 sell:1 premium:1 |@word new:1 british:4 one:2 ounce:3 gold:12 coin:12 britannia:3 price:3 basis:1 day:1 purchase:3 plus:1 competitive:1 premium:1 treasury:1 official:2 say:6 value:3 add:3 tax:3 levy:1 member:2 u:1 k:1 public:1 currently:1 case:1 foreign:1 although:2 transaction:1 london:1 market:3 export:1 zero:1 rate:1 decision:1 yet:2 take:2 face:1 number:1 especially:1 canadian:2 maple:2 issue:2 elsewhere:1 attempt:1 place:1 south:2 african:1 krugerrand:1 government:1 still:1 feel:1 gap:1 available:2 present:1 sovereign:1 contain:1 0:1 2354:1 africa:1 soviet:1 union:1 use:1 bullion:1 would:4 buy:2 world:1 analyst:1 difficult:1 ascertain:1 origin:1 detail:1 many:2 much:1 trader:2 amount:1 involve:1 unlikely:1 move:1 enquiry:1 dealer:1 today:1 prove:1 major:1 factor:1 success:1 15:1 pct:1 likely:1 put:1 investor:1 come:1 late:1 leaf:1 american:1 eagle:1 already:1 well:1 establish:1
|
'BRITANNIA' COIN TO SELL AT PREMIUM
The new British one ounce gold coin, the
'Britannia,' will be priced on the basis of the gold price on the
day of purchase plus a 'competitive premium,' Treasury officials
said.
Value added tax will be levied on all purchases by members
of the U.K. Public, as is currently the case with foreign
coins, although transactions between members of the London Gold
Market and all exports of the coins will be zero-rated. No
decision has yet been taken on the face value of the coins.
Although a number of gold coins, especially the Canadian
Maple, have been issued elsewhere in an attempt to take the
place of the South African krugerrand, the British government
still feels that there is a gap in the market for a British one
ounce gold coin. The only British gold coin available at
present is the sovereign, which contains 0.2354 ounces of gold.
Gold from South Africa or the Soviet Union will not be used
in the coin, officials said, adding that bullion would be
bought on the world gold market. But analysts said it would be
difficult to ascertain the origins of such purchases.
No details are yet available on how many coins will be
issued or how much gold will be bought, but traders said that
the amounts involved would be unlikely to move the gold price.
There were some enquiries on the 'Britannia' from coin
dealers today, but value added tax would prove a major factor
in the success of the coin, with the 15 pct tax likely to put
off many investors, traders said.
Some said that the 'Britannia' had come too late, with the
Canadian Maple Leaf, the American Eagle and other gold coins
already well established.
|
training/4408
|
training/4408 |@title cytrx:1 cytr:1 unit:1 buy:1 swedish:1 company:1 |@word cytrx:5 corp:2 say:3 60:1 pct:2 biopool:7 ltd:2 subsidiary:1 acquire:1 ab:4 umea:1 sweden:1 undisclosed:1 term:1 former:1 shareholder:1 remain:1 40:1 develop:1 cardiovascular:1 fibrinolytic:1 product:1 diagnostic:1 application:1 company:1 study:1 possible:1 combination:1 rheothrx:1 drug:2 reduce:1 platelet:1 aggregation:1 viscosity:1 blood:2 pa:1 dissolve:1 clot:1
|
CYTRX <CYTR> UNIT BUYS SWEDISH COMPANY
CytRx Corp said its 60 pct owned CytRx
Biopool Ltd subsidiary has acquired Biopool AB of Umea, Sweden,
for undisclosed terms.
It said former shareholders of Biopool AB own the remaining
40 pct in CytRx Biopool Ltd. Biopool AB develops cardiovascular
and fibrinolytic products for diagnostic applications.
The company said CytRx Biopool is studying the possible
combination of CytRx Corp's RheothRx drug to reduce platelet
aggregation and viscosity in blood with Biopool AB's drug t-PA
for dissolving blood clots.
|
training/4409
|
training/4409 |@title canada:2 91:2 day:2 bill:2 average:2 7:4 03:2 pct:4 make:2 bank:2 rate:2 28:2 |@word
|
CANADA 91-DAY T-BILLS AVERAGE 7.03 PCT, MAKING BANK RATE 7.28 PCT
CANADA 91-DAY T-BILLS AVERAGE 7.03 PCT, MAKING BANK RATE 7.28 PCT
|
training/441
|
training/441 |@title bank:1 new:1 york:1 bk:1 gain:1 unit:1 sale:1 |@word bank:4 new:4 york:4 co:1 say:3 management:3 rmj:8 securities:2 corp:2 agree:1 sell:1 80:1 pct:2 interest:3 holding:2 british:2 commonwealth:2 holdings:1 plc:1 expect:2 realize:1 substantial:1 gain:1 transaction:1 hold:3 company:1 security:3 large:1 broker:1 u:1 government:1 agency:1 obligation:1 majority:1 remainder:1 sale:2 complete:1 second:1 quarter:1 continue:1 20:1 agreement:1 provide:1 remain:1 next:1 six:1 year:1
|
BANK OF NEW YORK <BK> TO HAVE GAIN ON UNIT SALE
Bank of New York Co said it and the
management of RMJ Securities Corp have agreed to sell 80 pct of
their interests in RMJ Holding Corp to <British and
Commonwealth Holdings PLC> and Bank of New York expects to
realize a substantial gain on the transaction.
RMJ Holding is the holding company for RMJ Securities, a
large broker of U.S. government securities and agency
obligations Bank of New York owns a majority interest in RMJ
Holding and management of RMJ Securities the remainder.
Bank of New York said the sale is expected to be completed
during the second quarter.
It said it and RMJ Securities management will continue to
own 20 pct of RMJ Holding for now, but the agreement provides
for the sale of that remaining interest to British and
Commonwealth over the next six years.
|
training/4410
|
training/4410 |@title north:1 american:1 nahl:1 see:1 record:1 fourth:1 qtr:1 |@word north:2 american:2 holding:1 corp:1 say:2 expect:2 record:1 fourth:2 quarter:2 earning:1 sale:3 exceed:2 10:1 mln:4 dlrs:6 end:1 march:1 30:2 1986:2 company:1 report:2 net:2 income:1 631:1 720:1 5:1 2:1 also:1 revenue:1 year:1 fiscal:1 loss:1 126:1 900:1 12:1 8:1
|
NORTH AMERICAN <NAHL> SEES RECORD FOURTH QTR
North American Holding Corp
said it expects to have record fourth quarter earnings and for
sales to exceed 10 mln dlrs.
For the fourth quarter ended March 30, 1986 the company
reported net income of 631,720 dlrs on sales of 5.2 mln dlrs.
It also said it expects revenues for the year to exceed 30
mln dlrs. For fiscal 1986, North American reported a net loss
of 126,900 dlrs on sales of 12.8 mln dlrs.
|
training/4411
|
training/4411 |@title investor:1 intermedic:1 itm:1 stake:1 16:1 8:1 pct:1 |@word group:1 investment:3 firm:2 tell:1 securities:2 exchange:1 commission:1 raise:1 stake:1 intermedics:1 inc:1 1:3 721:1 900:2 share:3 16:1 8:1 pct:2 total:1 outstanding:1 565:1 15:1 2:1 bessemer:1 corp:1 new:2 york:2 cilluffo:1 associates:1 l:1 p:1 partnership:1 related:1 entity:1 say:1 buy:1 156:1 000:1 intermedic:1 common:1 february:1 24:1 march:1 9:1 4:1 mln:1 dlrs:1
|
INVESTORS UP INTERMEDICS <ITM> STAKE TO 16.8 PCT
A group of investment firms told the
Securities and Exchange Commission they raised their stake in
Intermedics Inc to 1,721,900 shares, or 16.8 pct of the total
outstanding, from 1,565,900 shares, or 15.2 pct.
Bessemer Securities Corp, a New York investment firm,
Cilluffo Associates L.P., a New York investment partnership,
and related entities said they bought 156,000 Intermedics
common shares between February 24 and March 9 for 1.4 mln dlrs.
|
training/4412
|
training/4412 |@title wal:1 mart:1 stores:1 inc:1 wmt:1 raise:1 quarterly:1 |@word qtly:1 div:1 six:1 ct:2 vs:1 4:2 1:1 prior:1 pay:1 april:1 10:1 record:1 march:1 23:1
|
WAL-MART STORES INC <WMT> RAISES QUARTERLY
Qtly div six cts vs 4-1/4 cts prior
Pay April 10
Record March 23
|
training/4419
|
training/4419 |@title optrotech:1 ltd:1 optkf:1 year:1 net:1 |@word shr:1 13:1 ct:2 vs:3 50:1 net:2 651:1 397:1 2:1 602:1 120:1 revs:1 26:1 4:1 mln:2 21:1 6:1 note:1 1986:1 include:1 gain:2 291:1 027:1 dlr:1 quantity:1 discount:1 rebate:1 purchase:1 material:1 prior:1 year:1
|
OPTROTECH LTD <OPTKF> YEAR NET
Shr 13 cts vs 50 cts
Net 651,397 vs 2,602,120
Revs 26.4 mln vs 21.6 mln
NOTE: 1986 net includes gain 291,027 dlr gain from quantity
discount rebates on purchases of materials in prior years.
|
training/442
|
training/442 |@title corn:1 glw:1 hazleton:1 hlc:1 set:1 excahnge:1 ratio:1 |@word corn:2 glass:1 work:1 say:2 exchange:1 ratio:1 previously:1 announce:1 acquisition:1 hazleton:4 laboratories:1 corp:1 establish:1 0:1 5165:1 common:2 share:2 corning:1 prospectus:1 regard:1 merger:2 expect:1 mail:1 tomorrow:1 holder:1 record:1 february:1 18:1 shareholder:1 vote:1 propose:1 special:1 meeting:1 march:1 31:1
|
CORNING <GLW>, HAZLETON <HLC> SET EXCAHNGE RATIO
Corning Glass Works said the
exchange ratio for its previously announced acquisition of
Hazleton Laboratories Corp has been established at 0.5165
Corning common share for each Hazleton common share.
Corning said the prospectus regarding the merger is
expected to be mailed tomorrow to all Hazleton holders of
record February 18. Hazleton shareholders will vote on the
proposed merger at a special meeting on March 31.
|
training/4420
|
training/4420 |@title north:1 atlantic:1 technologies:1 natt:1 4th:1 qtr:1 |@word shr:2 loss:8 20:1 ct:4 vs:6 14:1 net:2 352:1 000:8 248:1 revs:2 285:1 681:1 year:1 92:1 49:1 1:2 613:1 842:1 523:1 2:1 557:1 note:1 full:1 name:1 north:1 atlantic:1 technologies:1 inc:1
|
NORTH ATLANTIC TECHNOLOGIES <NATT> 4TH QTR
Shr loss 20 cts vs loss 14 cts
Net loss 352,000 vs loss 248,000
Revs 285,000 vs 681,000
Year
Shr loss 92 cts vs loss 49 cts
Net loss 1,613,000 vs loss 842,000
Revs 1,523,000 vs 2,557,000
NOTE: Full name is North Atlantic Technologies Inc
|
training/4425
|
training/4425 |@title montedison:1 refinery:1 shut:1 work:1 |@word selm:1 societa:1 energia:1 montedison:1 close:4 priolo:1 crude:4 refining:1 unit:2 march:6 15th:1 28th:1 maintenance:5 company:6 spokesman:6 say:8 throughput:2 refinery:9 currently:3 estimate:1 140:1 150:2 000:6 bpd:6 although:1 total:2 capacity:7 nearer:1 200:1 several:1 mediterranean:1 shutdown:5 schedule:1 month:2 ago:2 industry:2 source:2 may:2 rearrange:1 avoid:1 run:1 negative:1 netback:2 tight:1 availability:1 product:2 result:2 med:2 help:1 keep:1 market:1 bullish:2 particularly:1 delivery:1 oil:2 trader:2 garrone:2 san:1 quirico:1 130:1 due:3 14th:1 three:2 week:2 jointly:1 isab:1 mellili:1 220:1 start:1 around:3 20:1 25th:1 follow:1 closure:1 esso:1 italiana:1 augusta:1 siracusa:1 spring:1 france:1 distillation:1 societe:1 francaise:3 de:2 bp:1 lavera:1 since:1 2:1 restart:1 early:3 april:4 181:1 900:1 operate:1 50:1 pct:1 shell:1 berre:1 l:1 etang:1 shut:1 mid:2 june:1 compagnie:1 raffinage:1 cfr:1 visbreaker:1 la:1 mede:1 would:1 affect:1 current:2 136:1 bbl:1 day:1 despite:1 sentiment:1 however:1 note:1 begin:1 look:1 attractive:1 finish:1 two:1 suggest:1 situation:1 ease:1
|
MONTEDISON, OTHER REFINERIES TO SHUT FOR WORK
Selm-Societa Energia Montedison is to
close its Priolo crude refining units from March 15th to March
28th for maintenance, a company spokesman said.
Throughput at the refinery is currently estimated at
140-150,000 bpd, although total capacity is nearer 200,000 bpd.
Several other Mediterranean refineries are currently
shutdown for maintenance, most of which were scheduled some
months ago. But industry sources said that shutdowns may have
been rearranged to avoid running negative-netback crude.
Tighter availabilities of products as a result of the
shutdowns in the Med is helping to keep products markets
bullish, particularly for March deliveries, oil traders said.
Garrone's refinery at San Quirico (capacity 130,000 bpd) is
due to shutdown on March 14th for three weeks, and the
jointly-owned ISAB/Garrone refinery at Mellili, capacity
220,000 bpd, is due to start up around March 20-25th following
its closure for maintenance a month ago, a company spokesman
said.
The Esso Italiana refineries at Augusta and Siracusa will
not be closing this spring, a spokesman for the company said.
In France, the distillation unit at Societe Francaise de
BP's Lavera refinery has been closed for maintenance since
March 2, and is due to restart early April. Total capacity is
181,900 bpd. It is currently operating at around 50 pct
capacity, a company spokesman said.
Shell Francaise's Berre l'Etang refinery will shut down in
early April until mid-June, a company spokesman said. Capacity
is around 150,000 bpd. Compagnie Francaise de Raffinage (CFR)
will close the visbreaker at its La Mede refinery in early
April, but would not affect crude throughput at the refinery, a
company spokesman said. Current capacity is 136,000 bbl/day.
Despite current bullish sentiment in the Med, however,
traders noted that crude netbacks are beginning to look more
attractive, and most maintenance shutdowns should be finished
in two to three weeks.
As a result, oil industry sources suggest that the
situation may ease by mid-April.
|
training/4429
|
training/4429 |@title attack:1 affect:1 colombia:1 oil:1 outlook:1 ecopetrol:1 |@word continuous:1 rebel:1 raid:1 oil:5 pipeline:2 foreign:1 exploration:1 camp:1 endanger:1 colombia:1 present:1 bonanza:2 franciso:1 chona:1 manager:1 state:1 run:1 company:1 ecopetrol:2 say:3 seem:1 subversion:1 want:1 end:1 tell:1 reporter:1 speak:1 meeting:1 defense:1 minister:2 rafael:1 samudio:3 military:1 chiefs:1 mine:1 energy:1 guillermo:1 perry:1 review:1 security:3 situation:2 light:1 recent:2 upsurge:1 leftist:1 guerrilla:1 attack:3 rich:1 arauca:1 region:1 bordering:1 venezuela:1 chief:1 retire:1 general:1 carlos:1 narvaez:1 measure:2 would:2 strict:1 armed:1 force:1 closely:1 collaborate:1 give:1 detail:1 new:1 plan:1 design:1 hope:1 effective:1 stress:1 despite:1 cost:1 four:1 mln:1 dlrs:1 damage:1 overall:1 improve:1 compare:1 last:1 december:1 initial:1 take:1 combat:1 wave:1 repeat:1 bombing:1 vital:1 cano:1 limon:1 oilfield:1 caribbean:1 lead:1 loss:1 51:1 000:1 barrel:1 crude:1
|
ATTACKS AFFECT COLOMBIA'S OIL OUTLOOK-ECOPETROL
Continuous rebel raids against oil
pipelines and foreign exploration camps endanger Colombia's
present oil bonanza, Franciso Chona, manager of the state-run
oil company Ecopetrol said.
'It seems the subversion wants to end with our oil bonanza,'
he told reporters.
He was speaking after a meeting with Defense Minister
Rafael Samudio, military chiefs and Mines and Energy Minister
Guillermo Perry to review the security situation in the light
of a recent upsurge of leftist guerrilla attacks in the
oil-rich Arauca region, bordering Venezuela.
Ecopetrol chief of security, Retired General Carlos
Narvaez, said security measures would be stricter and that the
armed forces were closely collaborating but gave no details.
Samudio said new plans had been designed and hoped they
would be effective. Samudio stressed that, despite the most
recent attacks, which cost more than four mln dlrs in damage,
the overall situation had improved compared with last December
when initial measures were taken to combat a wave of attacks.
Repeated bombings of a vital pipeline from the Cano Limon
oilfield to the Caribbean then led to a loss of 51,000 barrels
of crude.
|
training/443
|
training/443 |@title health:1 expert:1 urge:1 eradication:1 rinderpest:1 |@word world:1 animal:1 health:1 expert:2 call:1 campaign:3 eradicate:1 lethal:1 cattle:3 disease:2 rinderpest:1 bangladesh:2 bhutan:1 india:2 nepal:1 pakistan:2 statement:1 food:1 agriculture:1 organization:1 fao:2 meeting:1 say:1 230:1 mln:2 dlrs:1 need:2 two:1 year:1 vaccinate:1 entire:1 susceptible:1 population:1 high:1 risk:2 area:1 three:1 country:1 240:1 estimate:1 recommend:1 fund:1 mostly:1 government:1 five:1 nation:1 help:1 similar:1 egypt:1 yemen:1 iraq:1 iran:1
|
HEALTH EXPERTS URGE ERADICATION OF RINDERPEST
World animal health experts called for a
campaign to eradicate the lethal cattle disease Rinderpest in
Bangladesh, Bhutan, India, Nepal and Pakistan, a statement from
a Food and Agriculture Organization (FAO) meeting here said.
Some 230 mln dlrs is needed over two years to vaccinate the
entire susceptible cattle population in Bangladesh and Pakistan
and high-risk areas of the other three countries. In India some
240 mln cattle are estimated to be at risk from the disease.
The experts recommended the campaign be funded mostly by
the governments of the five nations, with help from the FAO.
Similar campaigns are needed in Egypt, Yemen, Iraq and Iran.
|
training/4431
|
training/4431 |@title peru:1 centromin:1 say:1 copper:1 force:1 majeure:1 |@word peru:3 big:1 state:2 mining:1 firm:2 centromin:2 sa:1 say:3 today:1 immediate:1 force:2 majeure:2 possibility:1 copper:3 shipment:2 guerrilla:2 blow:2 railway:2 line:2 interrupt:3 train:6 traffic:4 cobriza:6 mine:2 pacific:1 coast:3 spokesman:1 manager:1 could:2 always:1 ship:1 mineral:3 road:1 export:1 continue:1 produce:1 equivalent:1 around:1 40:1 600:1 fine:1 tonne:1 last:1 year:1 maoist:1 use:1 dynamite:1 two:1 day:1 ago:1 track:1 derail:1 laden:1 225:1 km:1 135:1 mile:1 east:1 lima:2 chacapalca:2 official:3 minero:1 comercial:1 minpeco:1 marketing:1 confirm:1 declaration:1 national:1 company:1 enafer:2 headquarters:1 peruvian:1 capital:1 decline:1 comment:1 would:1 restore:2 reach:1 telephone:1 central:1 andean:1 city:1 huancayo:1 near:1 saturday:1
|
PERU'S CENTROMIN SAYS NO COPPER FORCE MAJEURE
Peru's biggest state mining firm,
Centromin SA, said today there was no immediate force majeure
possibility on its copper shipments after guerrillas blew up a
railway line, interrupting train traffic from the Cobriza
copper mine to the Pacific coast.
A Centromin spokesman said the managers of the mine at
Cobriza could always ship the the mineral by road to the coast
for export if the train line continued interrupted. Cobriza
produced the equivalent of around 40,600 fine tonnes of copper
last year.
Maoist guerrillas using dynamite interrupted train traffic
two days ago when they blew up railway tracks and derailed a
train laden with minerals 225 km (135 miles) east of Lima at
Chacapalca, between the coast and Cobriza.
An official at Minero Peru Comercial, Minpeco, Peru's state
minerals marketing firm, confirmed there had been no
declaration of force majeure on the shipments from Cobriza.
Officials at National Train Company, Enafer, headquarters
in Lima, the Peruvian capital, declined to comment on when
train traffic would be restored to Cobriza.
But an Enafer official, reached by telephone in the central
Andean city of Huancayo, near Chacapalca, said traffic could be
restored by Saturday.
|
training/4433
|
training/4433 |@title parker:2 drilling:2 suspend:2 quarterly:2 dividend:2 |@word
|
PARKER DRILLING SUSPENDS QUARTERLY DIVIDEND
PARKER DRILLING SUSPENDS QUARTERLY DIVIDEND
|
training/4434
|
training/4434 |@title first:2 granite:2 bancorp:2 inc:4 agree:2 acquire:2 magna:2 group:2 stock:2 |@word
|
FIRST GRANITE BANCORP INC AGREES TO BE ACQUIRED BY MAGNA GROUP INC FOR STOCK
FIRST GRANITE BANCORP INC AGREES TO BE ACQUIRED BY MAGNA GROUP INC FOR STOCK
|
training/4436
|
training/4436 |@title argentine:1 vegetable:1 oil:1 shipment:1 jan:1 nov:1 1986:1 |@word argentine:2 vegetable:1 oil:1 shipment:2 january:2 november:3 1986:3 total:1 1:2 693:1 951:1 tonne:4 469:1 208:1 1985:3 period:2 grain:1 board:4 say:2 breakdown:1 cotton:2 4:2 000:1 27:2 900:1 sunflow:2 929:1 847:1 816:1 727:1 linseed:2 113:1 827:1 132:1 954:1 groundnutseed:2 26:1 248:1 25:1 508:1 soybean:2 603:1 335:1 448:1 344:1 tung:2 8:1 402:1 10:1 633:1 olive:2 2:1 234:1 3:3 465:1 maize:2 6:1 058:1 677:1 rapeseed:2 nil:13 grape:2 add:2 amount:1 138:1 257:1 109:2 250:1 month:1 breakdwon:1 tonnes:2 715:1 43:1 064:1 5:1 228:2 473:1 819:1 647:1 104:1 314:1 56:1 901:1 20:1 161:1 858:1 307:1 ten:1 principal:1 destination:1 comparative:1 figure:1 bracket:1 holland:1 201:1 660:1 204:1 391:1 iran:1 182:2 042:1 181:1 soviet:1 union:1 163:1 150:1 266:1 389:1 egypt:1 158:1 119:1 159:1 350:1 algeria:1 116:2 330:1 11:1 492:1 brazil:1 101:2 59:1 430:1 south:1 africa:1 94:1 700:1 062:1 cuba:1 89:1 957:1 98:1 740:1 united:1 states:1 80:1 india:1 67:1 17:1 403:1
|
ARGENTINE VEGETABLE OILS SHIPMENTS IN JAN/NOV 1986
Argentine Vegetable oils shipments
during January/November 1986 totalled 1,693,951 tonnes, against
1,469,208 tonnes in the same 1985 period, the Argentine grain
board said.
The breakdown was: cotton 4,000 (27,900), sunflower 929,847
(816,727), linseed 113,827 (132,954), groundnutseed 26,248
(25,508), soybean 603,335 (448,344), tung 8,402 (10,633), olive
2,234 (3,465), maize 6,058 (3,677), rapeseed nil (nil), grape
nil (nil), the board added.
Shipments during November 1986 amounted to 138,257 tonnes,
against 109,250 tonnes in the same month of 1985.
The breakdwon was, in tonnes, cotton nil (nil), sunflower
27,715 (43,064), linseed 5,228 (4,473), groundnutseed 819
(3,647), soybean 104,314 (56,901), tung 20 (nil), olive 161
(858), maize nil (307), rapeseed nil (nil), grape nil (nil),
the board said.
The ten principal destinations during January/November
1986, with comparative figures for the same 1985 period in
brackets, were, in tonnes:
Holland 201,660 (204,391), Iran 182,042 (181,228), Soviet
Union 163,150 (266,389),Egypt 158,119 (159,350), Algeria
116,330 (11,492), Brazil 101,116 (59,430) , South Africa 94,700
(101,062) , Cuba 89,957 (98,740) , United States 80,109 (nil),
India 67,182 (17,403), the board added.
|
training/4437
|
training/4437 |@title parker:1 drilling:1 pkd:1 suspend:1 payout:1 |@word parker:2 drilling:2 co:1 say:3 board:1 director:1 vote:1 suspend:1 payment:1 dividend:3 shareholder:1 pay:1 quarterly:1 one:1 ct:1 share:1 common:1 stock:1 company:1 expect:1 save:1 1:1 3:1 mln:1 dlrs:1 year:1 suspension:1
|
PARKER DRILLING <PKD> SUSPENDS PAYOUT
Parker Drilling Co said its board
of directors voted to suspend the payment of dividends to
shareholders.
Parker Drilling said it has been paying a quarterly
dividend of one ct a share of common stock.
The company said it expects to save 1.3 mln dlrs a year
through the dividend suspension.
|
training/4438
|
training/4438 |@title eqk:1 realty:1 investor:1 ekr:1 4th:1 qtr:1 net:1 |@word shr:2 nine:1 ct:3 vs:4 22:1 net:2 700:2 000:5 2:1 200:1 revs:2 5:2 400:1 avg:1 shrs:1 7:1 589:1 344:1 10:1 1:1 mln:2 12:2 mth:2 43:1 3:1 500:1 21:1 6:1 note:1 figure:1 available:1 1985:2 since:1 company:1 start:1 operation:1 march:1 31:1
|
EQK REALTY INVESTORS <EKR> 4TH QTR NET
Shr nine cts vs 22 cts
Net 700,000 vs 2,200,000
Revs 5,400,000 vs 5,700,000
Avg shrs 7,589,344 vs 10.1 mln
12 mths
Shr 43 cts
Net 3,500,000
Revs 21.6 mln
NOTE: 12 mth figures not available for 1985 since company
started operations March 31, 1985.
|
training/4439
|
training/4439 |@title masco:1 corp:1 mas:1 regular:1 dividend:1 set:1 |@word qtly:1 div:1 nine:2 ct:2 vs:1 previously:1 pay:1 may:1 11:1 record:1 april:1 17:1
|
MASCO CORP <MAS> REGULAR DIVIDEND SET
Qtly div nine cts vs nine cts previously
Pay May 11
Record April 17
|
training/444
|
training/444 |@title turkish:1 retail:1 price:1 rise:1 2:1 7:1 pct:1 february:1 |@word turkish:1 retail:1 price:2 rise:2 2:3 7:2 pct:6 february:6 9:1 january:3 1:4 1986:3 state:1 statistics:1 institute:1 say:1 year:2 31:1 6:1 compare:1 30:1 3:1 38:1 8:2 12:1 month:1 index:1 base:1 1978:1 79:1 cover:1 14:1 town:1 five:1 region:1 886:1 837:1 434:1 0:1
|
TURKISH RETAIL PRICES RISE 2.7 PCT IN FEBRUARY
Turkish retail prices rose 2.7 pct in
February after 2.9 pct in January and 1.7 pct in February 1986,
the State Statistics Institute said.
Prices in the year to February rose 31.6 pct, compared with
30.3 pct in the year to January and 38.8 pct in the 12 months
to February 1986.
The index (base 1978/79), covering 14 towns and five
regions, was 1,886.8 in February, 1,837.2 in January and
1,434.0 in February 1986.
|
training/4440
|
training/4440 |@title eqk:1 realty:1 investor:1 ekr:1 set:1 payout:1 |@word qtrly:1 div:1 41:2 5:2 ct:2 vs:1 prior:1 pay:1 july:1 29:1 record:1 june:1 15:1
|
EQK REALTY INVESTORS I <EKR> SETS PAYOUT
Qtrly div 41.5 cts vs 41.5 cts prior
Pay July 29
Record June 15
|
training/4445
|
training/4445 |@title 12:2 mar:2 1987:2 |@word
|
12-MAR-1987
12-MAR-1987
|
training/4446
|
training/4446 |@title ipco:1 corp:1 ihs:1 set:1 regular:1 payout:1 |@word qtrly:1 div:1 nine:2 ct:2 vs:1 prior:1 pay:1 may:1 1:1 record:1 april:1 9:1
|
IPCO CORP <IHS> SETS REGULAR PAYOUT
Qtrly div nine cts vs nine cts prior
Pay May 1
Record April 9
|
training/4447
|
training/4447 |@title first:1 granite:1 fgbi:1 agree:1 acquire:1 |@word first:6 granite:7 bancorp:1 inc:2 say:1 agree:1 principle:1 become:1 wholly:1 subsidiary:1 magna:3 group:2 magi:1 term:1 agreement:1 shareholder:2 receive:1 2:1 175:1 share:3 hold:1 ask:1 approve:1 tranaction:1 late:1 summer:1 675:1 000:1 outstanding:1 dec:2 31:2 1986:2 asset:2 186:1 5:1 mln:1 dlrs:2 city:2 national:1 bank:3 colonial:1 ill:2 1:1 47:1 billion:1 13:1 datum:1 service:1 company:3 mortgage:1 trust:1 serve:1 st:1 louis:1 well:1 springfield:1 centralia:1 decatur:1
|
FIRST GRANITE <FGBI> AGREES TO BE ACQUIRED
First Granite Bancorp Inc
said it agreed in principle to become a wholly owned subsidiary
of Magna Group Inc <MAGI>.
Under terms of the agreement, First Granite shareholders
will receive 2.175 shares of Magna for each First Granite share
held. First Granite shareholders will be asked to approve the
tranaction in late summer.
First Granite, which has 675,000 shares outstanding, as of
Dec 31, 1986 had assets of 186.5 mln dlrs. It owns First
Granite City National Bank and Colonial Bank of Granite City,
Ill.
Magna Groups as of Dec 31, 1986 had assets of 1.47 billion
dlrs. It owns 13 banks, a data services company, a mortgage
company and a trust company, serving St. Louis as well as
Springfield, Centralia and Decatur, Ill.
|
training/4449
|
training/4449 |@title canadian:2 imperial:2 bank:2 commerce:2 cut:2 prime:2 rate:2 8:2 75:2 pct:2 9:2 25:2 tomorrow:2 |@word
|
CANADIAN IMPERIAL BANK OF COMMERCE CUTS PRIME RATE TO 8.75 PCT FROM 9.25 - TOMORROW
CANADIAN IMPERIAL BANK OF COMMERCE CUTS PRIME RATE TO 8.75 PCT FROM 9.25 - TOMORROW
|
training/4451
|
training/4451 |@title thermwood:1 corp:1 thm:1 2nd:1 qtr:1 jan:1 31:1 net:1 |@word shr:2 three:2 ct:4 vs:7 net:2 165:1 798:1 143:1 872:1 sale:2 1:2 787:1 561:1 072:1 686:1 six:1 mth:1 four:2 175:1 928:1 191:1 310:1 3:1 137:1 695:1 2:1 723:1 557:1 avg:1 shrs:1 4:2 862:1 046:1 722:1 150:1
|
THERMWOOD CORP <THM> 2ND QTR JAN 31 NET
Shr three cts vs three cts
Net 165,798 vs 143,872
Sales 1,787,561 vs 1,072,686
Six mths
Shr four cts vs four cts
Net 175,928 vs 191,310
Sales 3,137,695 vs 2,723,557
Avg shrs 4,862,046 vs 4,722,150
|
training/4452
|
training/4452 |@title perini:1 investment:1 property:1 pnv:1 raise:1 payout:1 |@word qtly:1 div:1 15:1 ct:2 vs:1 12:1 prior:1 qtr:1 payable:1 june:1 25:1 record:1 may:1 28:1
|
PERINI INVESTMENT PROPERTIES <PNV> RAISES PAYOUT
Qtly div 15 cts vs 12 cts in prior qtr
Payable June 25
Record May 28
|
training/4453
|
training/4453 |@title sun:2 raise:1 crude:1 posting:1 50:1 ct:1 |@word sun:3 co:2 say:1 raise:2 contract:1 price:2 pay:1 crude:2 oil:1 50:3 ct:2 barrel:1 effective:1 today:1 increase:1 bring:1 post:1 west:2 texas:2 intermediate:1 sour:1 grade:2 17:2 dlrs:2 bbl:2 light:1 louisiana:1 sweet:1 also:1 85:1 last:1 change:1 posting:1 march:1 4:1
|
SUN <SUN> RAISES CRUDE POSTINGS 50 CTS
Sun Co said it raised the contract
price it will pay for crude oil 50 cts a barrel, effective
today.
The increase brings Sun's posted price for the West Texas
Intermediate and West Texas Sour grades to 17.50 dlrs/bbl. The
Light Louisiana Sweet grade was also raised 50 cts to 17.85
dlrs/bbl.
Sun Co last changed its crude postings on March 4.
|
training/4454
|
training/4454 |@title petroleum:1 resources:1 corp:1 peo:1 dividend:1 |@word interim:1 income:1 dividend:1 20:2 ct:2 last:1 pay:1 1:1 14:1 dlrs:1 february:1 27:1 include:1 capital:1 gain:1 50:1 pyable:1 april:2 record:1 eight:1
|
PETROLEUM AND RESOURCES CORP <PEO> DIVIDEND
Interim income dividend 20 cts. Last paid 1.14 dlrs
February 27, including capital gains of 50 cts.
Pyable April 20
Record April eight
|
training/4455
|
training/4455 |@title royal:2 bank:2 canada:2 lower:2 prime:2 rate:2 8:2 3:2 4:2 pct:2 1:2 2:2 |@word
|
ROYAL BANK OF CANADA LOWERS PRIME RATE TO 8-3/4 PCT, DOWN 1/2
ROYAL BANK OF CANADA LOWERS PRIME RATE TO 8-3/4 PCT, DOWN 1/2
|
training/4457
|
training/4457 |@title new:1 line:1 cinema:1 corp:1 nln:1 4th:1 qtr:1 net:1 |@word shr:2 11:1 ct:4 vs:7 nine:1 net:2 677:1 498:1 461:1 485:1 revs:2 6:1 271:1 010:1 5:3 135:1 729:1 year:1 81:1 20:1 4:2 406:1 065:1 973:1 967:1 26:1 mln:2 14:1 1:1 avg:1 shrs:1 457:1 339:1 978:1 965:1
|
NEW LINE CINEMA CORP <NLN> 4TH QTR NET
Shr 11 cts vs nine cts
Net 677,498 vs 461,485
Revs 6,271,010 vs 5,135,729
Year
Shr 81 cts vs 20 cts
Net 4,406,065 vs 973,967
Revs 26.5 mln vs 14.1 mln
Avg shrs 5,457,339 vs 4,978,965
|
training/4458
|
training/4458 |@title ottawa:1 seek:1 explanation:1 credit:1 card:1 rate:1 |@word minister:1 state:1 finance:1 tom:1 hockin:3 say:2 ask:1 canadian:3 bankers:1 association:2 industry:1 lobby:1 group:1 explanation:1 level:1 credit:2 card:2 interest:1 rate:5 hope:1 response:1 important:1 issue:1 soon:1 respond:1 question:1 house:1 common:1 run:1 high:2 28:2 pct:5 per:1 year:1 remain:1 fall:2 today:1 bank:2 7:2 54:1 last:1 week:1 imperial:1 commerce:1 cut:1 prime:1 effective:1 tomorrow:1 8:1 75:1 9:1 25:1
|
OTTAWA SEEKS EXPLANATION OF CREDIT CARD RATES
Minister of State for Finance Tom Hockin
said he has asked the Canadian Bankers Association, an industry
lobby group, for an explanation of the level of credit card
interest rates.
Hockin said he hopes to here the association's response on
the 'important' issue soon. Hockin was responding to questions
in the House of Commons about why credit card rates, which run
as high as 28 pct per year, remain high when other rates are
falling.
Today, the Canadian bank rate fell to 7.28 pct from 7.54
pct last week and the Canadian Imperial Bank of Commerce cut
its prime rate, effective tomorrow, to 8.75 pct from 9.25 pct.
|
training/4459
|
training/4459 |@title ipco:1 corp:1 ihs:1 regular:1 dividend:1 |@word qtly:1 div:1 nine:3 ct:2 vs:1 prior:1 qtr:1 payable:1 may:1 one:1 record:1 apreil:1
|
IPCO CORP <IHS> REGULAR DIVIDEND
Qtly div nine cts vs nine cts in prior qtr
Payable May one
Record Apreil nine
|
training/4460
|
training/4460 |@title asamera:2 inc:2 year:2 oper:2 shr:2 loss:2 48:2 ct:4 vs:2 profit:2 50:2 |@word
|
ASAMERA INC YEAR OPER SHR LOSS 48 CTS VS PROFIT 50 CTS
ASAMERA INC YEAR OPER SHR LOSS 48 CTS VS PROFIT 50 CTS
|
training/4462
|
training/4462 |@title diamond:2 shamrock:2 raise:2 crude:2 50:4 ct:2 bbl:2 today:2 wti:2 17:2 dlrs:2 |@word
|
DIAMOND SHAMROCK RAISED CRUDE BY 50 CTS/BBL TODAY. WTI UP TO 17.50 DLRS.
DIAMOND SHAMROCK RAISED CRUDE BY 50 CTS/BBL TODAY. WTI UP TO 17.50 DLRS.
|
training/4465
|
training/4465 |@title alleghney:1 international:1 ag:1 face:1 add:1 count:1 |@word alleghney:4 international:1 inc:2 say:4 plaintiff:2 exist:1 lawsuit:2 oppose:1 sale:4 request:2 amendment:1 complaint:1 include:1 class:1 action:1 count:3 suit:1 file:1 u:1 district:2 court:1 western:1 pennsylvania:1 aim:1 block:1 affiliate:1 first:1 boston:1 allegheney:1 additional:2 seek:1 allege:1 price:1 offer:1 ai:1 common:1 stock:1 24:1 60:1 dlrs:1 grossly:1 unfair:1 one:1 purpose:1 propose:2 absolve:1 individual:1 defendant:2 liability:1 among:1 form:1 relief:1 injunction:1 take:1 step:1 accomplish:1
|
ALLEGHNEY INTERNATIONAL <AG> FACES ADDED COUNT
Alleghney International Inc said the
plaintiffs in the existing lawsuits opposing its sale requested
an amendment to their complaint to include a class action
count.
Alleghney said the suit, filed in the U.S. District Court
for the Western District of Pennsylvania, was aimed at blocking
the sale of Alleghney to an affiliate of First Boston Inc.
Allegheney said the additional count sought by the
plaintiffs alleges the price to be offered for AI's common
stock, 24.60 dlrs, is grossly unfair and one the purposes of
the proposed sale is to absolve the individual defendants of
liability in the lawsuit.
The additional count among other forms of relief, requests
an injunction against the defendants from taking any steps to
accomplish the proposed sale, Alleghney said.
|
training/4466
|
training/4466 |@title phillips:1 raise:1 crude:1 posting:1 50:2 ct:1 effective:1 today:1 wti:1 17:1 |@word dlrs:2 bbl:2 phillips:1 raise:1 crude:1 posting:1 50:2 ct:1 effective:1 today:1 wti:1 17:1
|
PHILLIPS RAISES CRUDE POSTINGS 50 CTS EFFECTIVE TODAY, WTI TO 17.50 dlrs/bbl
PHILLIPS RAISES CRUDE POSTINGS 50 CTS EFFECTIVE TODAY, WTI TO 17.50 dlrs/bbl
|
training/4467
|
training/4467 |@title u:1 seismic:1 crew:1 count:1 drop:1 6:1 pct:1 february:1 |@word number:1 seismic:3 crew:3 search:1 oil:2 gas:2 united:2 states:2 drop:1 nine:1 total:2 151:1 decrease:2 six:1 pct:2 january:1 society:1 exploration:2 geophysicist:1 say:1 february:3 represent:1 49:1 1986:1 worldwide:1 association:1 monthly:1 survey:1 show:1 increase:2 395:1 three:2 month:1 africa:1 add:2 middle:1 east:2 two:1 far:1 one:1 reduction:1 report:1 central:1 south:1 america:1 europe:1
|
U.S. SEISMIC CREW COUNT DROPS 6 PCT IN FEBRUARY
The number of seismic crews
searching for oil and gas in the United States dropped by nine
to a total of 151 crews, a decrease of six pct from January,
the Society of Exploration Geophysicists said.
The February total represented a 49 pct decrease from
February 1986.
Worldwide, the association's monthly survey showed that
seismic exploration for oil and gas increased to 395 in
February, up three from the month before. Africa added three
seismic crews, the Middle East increased by two and the Far
East added one while reductions were reported in Central and
South America, Europe and the United States.
|
training/4468
|
training/4468 |@title 12:2 mar:2 1987:2 |@word
|
12-MAR-1987
12-MAR-1987
|
training/447
|
training/447 |@title bally:1 bly:1 complete:1 purchase:1 golden:1 nugget:1 |@word bally:2 manufacturing:1 corp:1 say:1 complete:1 acquisition:1 golden:3 nugget:3 casino:1 hotel:1 atlantic:2 city:2 new:1 jersey:1 inc:1 also:1 acquire:1 various:1 parcel:1 real:1 estate:1 note:1 transaction:1 include:1 140:1 mln:2 dlrs:2 cash:1 stock:1 assumption:1 299:1 mortgage:1
|
BALLY <BLY> COMPLETES PURCHASE OF GOLDEN NUGGET
Bally Manufacturing Corp said it
completed the acquisition of the Golden Nugget Casino Hotel in
Atlantic City, New Jersey from Golden Nugget Inc.
Bally also acquired from Golden Nugget various parcels of
real estate in Atlantic City, it noted.
The transaction included 140 mln dlrs in cash and stock and
the assumption of a 299 mln dlrs mortgage.
|
training/4470
|
training/4470 |@title pessimism:1 mount:1 bahian:1 temporao:1 cocoa:1 crop:1 |@word pessimism:1 effect:1 prolonged:1 dry:1 spell:1 come:2 bahian:1 temporao:11 cocoa:2 crop:8 rise:1 trade:2 forecast:1 generally:2 2:8 0:5 mln:16 5:5 bag:13 range:1 3:3 fortnight:1 ago:1 source:8 tell:2 reuter:1 state:1 capital:1 salvador:1 despite:1 scatter:1 rain:2 since:2 mid:1 february:1 break:3 six:1 week:2 drought:4 plantation:1 pick:2 hope:1 little:1 expect:4 gather:2 first:1 three:1 month:1 may:7 september:2 say:7 arrival:5 july:2 reach:1 around:1 600:1 000:2 whereas:1 normal:2 year:10 figure:4 1:6 start:4 sharply:1 pod:8 current:4 flowering:2 however:3 note:1 late:2 always:1 susceptible:2 rot:5 flourish:1 condition:2 turn:1 cold:1 humid:1 likely:1 doubly:1 poor:2 price:1 mean:1 farmer:1 encourage:1 invest:1 fertiliser:1 insecticide:1 also:2 unlikely:1 treat:1 severe:1 attack:1 cause:2 loss:1 500:1 short:1 period:1 one:2 increase:1 exposure:1 damage:2 estimate:1 final:1 outcome:1 extremely:1 vulnerable:1 production:3 could:1 easily:1 drop:2 mark:1 disease:1 hit:1 although:1 flower:2 good:3 follow:2 setting:2 expectation:1 possibly:1 insect:1 population:1 pollinate:1 report:1 farm:1 indicate:1 moisture:1 level:2 back:2 near:1 result:1 mature:1 fruit:1 august:2 harvesting:2 bean:6 end:3 beginning:1 main:3 officially:2 october:1 cut:2 date:1 completely:1 artificial:1 thing:1 go:2 well:1 see:1 heavy:1 without:1 november:1 even:1 december:1 prediction:1 prove:1 accurate:1 would:3 7:1 average:1 past:1 10:1 last:3 1984:1 prolong:1 later:1 79:1 low:1 1974:1 grow:1 produce:1 12:1 1983:1 17:1 record:4 output:1 suffer:1 77:1 distort:1 upwards:1 inclusion:2 undeclared:1 large:1 quantity:1 believe:1 undeclare:1 total:3 harvest:2 unsure:1 much:1 unregistere:1 official:3 april:1 30:1 recent:1 swell:1 deliver:1 previously:1 port:1 warehouse:2 declare:3 high:1 turnover:1 significant:1 amount:1 deteriorate:1 store:1 long:1 hold:1 mix:1 early:1 1986:2 87:2 6:3 seven:1 still:1 outturn:1 least:1 compare:1 previous:1 set:1 03:1 way:1 many:1 thus:1 true:1 size:1 never:1 register:1
|
PESSIMISM MOUNTS OVER BAHIAN TEMPORAO COCOA CROP
Pessimism over the effects of a
prolonged dry spell on the coming Bahian temporao cocoa crop is
rising with trade forecasts generally in the 2.0 mln to 2.5 mln
bag range against 2.5 mln to 3.0 mln a fortnight ago.
Trade sources told Reuters from the state capital of
Salvador that despite scattered rains since mid-February, which
broke a six week drought, plantations have not picked up as
hoped and very little cocoa is expected to be gathered in the
first three months of the May/September crop.
The sources said arrivals from May through July might only
reach around 600,000 bags whereas in normal years a figure of
1.0 mln to 1.5 mln bags might be expected.
Arrivals from then should start to pick up sharply as pods
from current flowering are gathered. However, the sources noted
a late temporao is always more susceptible to pod rot, which
flourishes if conditions turn cold and humid, and which is more
likely from late July on.
This year's crop is doubly susceptible because poor prices
mean farmers were not encouraged to invest in fertilisers and
insecticides and are also unlikely to treat against pod rot.
A severe attack of pod rot can cause the loss of over
500,000 bags in a very short period, one source said.
Because of the increased exposure to pod rot damage,
estimates of the final outcome of the temporao are extremely
vulnerable and production could easily drop to below the 2.0
mln bag mark if the disease hits.
Although flowering was good following the start of the
rains, pod setting was not up to expectations, possibly because
the drought had caused a drop in the insect population which
pollinates flowers, the sources said.
However, reports from farms indicate moisture levels are
now generally back to near normal levels and that current
flowering and pod setting is good, which should result in
mature fruit from August through September.
The sources said they expect no break in the harvesting of
beans between the end of the temporao and the beginning of the
main crop, which officially starts on October 1.
'The cut-off date is completely artificial. If things go
well from now on we should see heavy harvesting without a break
from August through November or even December,' one said.
If predictions of a 2.0 to 2.5 mln bag temporao prove
accurate this would be below the 2.7 mln bag average for the
past 10 years. The last poor temporao was in 1984 when
prolonged drought and later pod rot cut production to 1.79 mln
bags, the lowest since 1974.
Good growing conditions the following year produced a
temporao of 3.12 mln bags, just below the 1983 3.17 mln bag
record, while last year's output, which also suffered some
drought damage, was 2.77 mln bags.
Figures for the coming temporao might be distorted upwards
by the inclusion of undeclared current main crop beans.
The sources said large quantities of beans are believed to
have been undeclared from this year's record total harvest and
they were unsure how much of this would be unregistered by the
end of the official crop year on April 30.
Recent official arrivals figures have been swollen by the
inclusion of beans which had been delivered previously to port
warehouses but not declared.
Because of the high turnover of beans this year,
significant amounts have deteriorated because they were stored
too long at the back of warehouses. Some of these are expected
to be held for mixing in with early temporao arrivals.
With official arrivals figures for the 1986/87 temporao and
main crops totalling over 6.1 mln bags, and over seven weeks
still to go to the end of the year, the total outturn should be
at least a record 6.5 mln bags if all production is declared,
the sources said.
This would compare with the previous record set last year
of 6.03 mln.
However, there is no way of telling how many current crop
beans will be declared after the May 1 start of the temporao
and thus the true size of the 1986/87 harvest may never be
officially registered.
|
training/4472
|
training/4472 |@title rose:1 stores:1 inc:1 rsto:1 4th:1 qtr:1 jan:1 28:1 |@word shr:2 37:2 ct:3 vs:6 net:2 7:2 6:1 mln:6 5:1 revs:2 383:1 9:1 326:1 3:2 year:1 1:3 17:1 dlrs:1 99:1 24:1 0:2 20:1 2:1 billion:2
|
ROSE'S STORES INC <RSTO> 4TH QTR JAN 28
Shr 37 cts vs 37 cts
net 7.6 mln vs 7.5 mln
Revs 383.9 mln vs 326.3 mln
Year
Shr 1.17 dlrs vs 99 cts
Net 24.0 mln vs 20.3 mln
Revs 1.2 billion vs 1.0 billion
|
training/4473
|
training/4473 |@title u:2 exporter:2 report:2 120:2 000:2 tonne:2 wheat:2 purchase:2 foreign:2 seller:2 1987:2 88:2 |@word
|
U.S. EXPORTERS REPORT 120,000 TONNES WHEAT PURCHASED FROM FOREIGN SELLERS FOR 1987/88
U.S. EXPORTERS REPORT 120,000 TONNES WHEAT PURCHASED FROM FOREIGN SELLERS FOR 1987/88
|
training/4474
|
training/4474 |@title phillips:1 p:1 raise:1 crude:1 posting:1 50:1 ct:1 |@word phillips:1 petroleum:1 say:1 raise:1 contract:1 price:3 grade:2 crude:2 oil:3 50:2 ct:1 barrel:1 effective:1 today:2 increase:2 bring:1 phillip:2 post:1 west:2 texas:2 intermediate:1 sour:1 17:1 dlrs:1 bbl:1 last:1 change:1 posting:1 march:1 4:1 follow:1 similar:1 move:1 usx:1 x:1 subsidiary:1 marathon:1 sun:2 co:1 earlier:1
|
PHILLIPS <P> RAISES CRUDE POSTINGS 50 CTS
Phillips Petroleum said it raised the
contract price it will for all grades of crude oil 50 cts a
barrel, effective today.
The increase brings Phillip's posted price for the West
Texas Intermediate and West Texas Sour grades to 17.50 dlrs a
bbl.
Phillips last changed its crude oil postings on March 4.
The price increase follows similar moves by USX's <X>
subsidiary, Marathon oil, and Sun Co <SUN> earlier today.
|
training/4475
|
training/4475 |@title asamera:1 inc:1 asm:1 year:1 loss:1 |@word oper:2 shr:3 loss:2 48:1 ct:4 vs:4 profit:2 50:1 net:4 11:1 3:1 mln:8 18:1 1:3 revs:1 262:1 8:2 399:1 7:1 note:1 1986:2 exclude:1 tax:1 gain:3 dlrs:3 three:1 yr:1 ago:1 5:1 6:1 17:1 include:2 15:1 dlr:2 charge:1 reduction:1 carry:1 value:1 refinery:1 related:1 asset:1 1985:1 10:1 sale:1 canadian:1 natural:1 gas:1 property:1 u:1
|
ASAMERA INC <ASM> YEAR LOSS
Oper shr loss 48 cts vs profit 50 cts
Oper net loss 11.3 mln vs profit 18.1 mln
Revs 262.8 mln vs 399.7 mln
Note: 1986 net excludes tax gain of 1.1 mln dlrs or three
cts shr vs yr-ago gain of 5.6 mln dlrs or 17 cts shr.
1986 net includes 15 mln dlr charge for reduction in
carrying value of refinery and related assets. 1985 net
includes 10.8 mln dlr gain on sale of Canadian natural gas
property.
U.S. dlrs.
|
training/4476
|
training/4476 |@title lvi:2 group:1 inc:1 4th:1 qtr:1 oper:1 net:1 |@word oper:6 shr:2 profit:4 two:1 ct:6 vs:8 loss:7 19:2 net:4 523:1 000:11 2:3 191:1 revs:2 102:1 5:1 mln:7 39:1 9:2 avg:2 shrs:2 20:1 0:1 11:2 1:4 year:3 29:1 240:1 884:1 304:1 4:2 50:1 3:1 759:1 note:1 1986:1 4th:2 qtr:2 exclude:2 gain:1 492:1 dlrs:6 241:1 respectively:3 carryforward:1 135:1 533:1 early:1 extinguishment:1 debt:1 1985:1 457:1 14:1 per:2 share:2 735:1 18:1 discontinued:1 operation:1
|
LVI GROUP INC <LVI> 4TH QTR OPER NET
Oper shr profit two cts vs loss 19 cts
Oper net profit 523,000 vs loss 2,191,000
Revs 102.5 mln vs 39.9 mln
Avg shrs 20.0 mln vs 11.1 mln
Year
Oper shr profit 11 cts vs loss 29 cts
Oper net profit 2,240,000 vs loss 2,884,000
Revs 304.4 mln vs 50.3 mln
Avg shrs 19.4 mln vs 9,759,000
NOTE: 1986 4th qtr and year oper net excludes a gain of
492,000 dlrs and 1,241,000 dlrs, respectively, for
carryforwards and a loss of 135,000 dlrs and 533,000 dlrs,
respectively, for early extinguishment of debt.
1985 4th qtr and year oper net excludes a loss of 1,457,000
dlrs or 14 cts per share and loss 1,735,000 dlrs or 18 cts per
share, respectively, for discontinued operations.
|
training/4477
|
training/4477 |@title talk:1 point:1 purolator:1 courier:1 corp:1 pcc:1 |@word purolator:11 courier:6 corp:1 stock:4 rise:1 specualtion:1 disgruntle:1 former:1 director:4 would:3 find:3 new:5 suitor:2 company:8 trader:1 say:17 agree:2 late:1 february:1 35:2 dlr:2 share:3 265:1 mln:5 offer:5 e:3 f:3 hutton:11 lbo:3 inc:1 certain:1 member:1 division:3 management:3 today:2 hit:1 36:1 1:1 4:1 one:8 reveal:1 filing:1 securities:1 exchange:1 commission:1 doresy:1 gardner:9 resign:2 board:2 letter:3 date:1 march:1 10:2 merger:2 agreement:1 bar:1 solicit:1 believe:3 shareholder:1 may:8 get:1 well:2 deal:3 sell:3 entity:1 could:4 part:1 u:2 basically:3 450:1 dlrs:5 revenue:1 large:1 50:1 60:1 telephone:1 interview:1 reuters:1 official:2 kelso:1 firm:5 associate:1 fidelity:2 international:1 ltd:1 group:3 eight:1 pct:2 personally:1 20:2 000:1 comment:1 arbitrager:6 speculate:2 another:2 overnight:1 messenger:1 service:1 emerge:2 likely:2 bidder:2 transaction:9 announce:1 analyst:1 also:2 acknowledge:1 fact:1 possibility:2 appear:1 push:1 play:1 shortage:1 question:1 willingness:1 let:1 process:1 continue:1 buyer:1 take:3 risk:3 begin:1 tender:3 83:1 cash:4 per:1 balance:1 buy:1 security:1 warrant:1 hold:1 operation:1 document:3 show:1 need:1 use:1 giant:1 majority:1 equity:2 interest:1 far:1 tell:1 public:1 table:1 put:2 zero:1 always:2 like:3 situation:1 think:1 someone:1 else:1 world:1 higher:1 however:2 supply:2 temporary:2 financing:6 source:5 close:2 dispute:1 claim:1 end:2 pay:1 position:1 scenario:1 mention:1 note:1 subsidiary:2 keep:1 variety:1 contingency:1 restrict:1 sort:1 thing:1 make:1 speculative:1 add:1 severance:1 payment:1 employee:1 279:1 call:1 bridge:2 loan:1 replace:2 permanent:1 expect:1 come:1 bank:1 time:1 result:1 substantial:1 expense:1 stand:1 gain:1 fee:3 low:1 scale:1 complex:1 happen:1 ostensibly:1 money:1 recapture:1 investment:1 place:1
|
TALKING POINT/PUROLATOR COURIER CORP <PCC>
Purolator Courier corp's stock rose on
specualtion that a disgruntled former Purolator director would
find a new suitor for the company, traders said.
Purolator agreed in late February to a 35 dlr-a-share, 265
mln-dlr offer from E.F. Hutton LBO Inc and certain members of
its Purolator courier division's management.
The stock today hit 36-1/4, up one.
Today, Purolator revealed in a filing with the Securities
and Exchange Commission that director Doresy Gardner resigned
from its board of directors in a letter dated March 10.
The letter from Gardner said he resigned the board because
the merger agreement with Hutton barred directors from
soliciting new offers and he believes shareholders might get a
better deal. Gardner said he believes a better offer might be
found 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.
'Basically, (the courier division) is a company that has
450 mln dlrs in revenues. It's a very large company and it's
being sold for 50 or 60 mln dlrs,' said Gardner in a telephone
interview with Reuters.
Gardner is an official of Kelso Management, a firm
associated with Fidelity International Ltd. A group of Fidelity
companies owns eight pct of Purolator, and Gardner said he
personally owns 20,000 shares.
A Purolator official said the company has no comment on the
letter from Gardner.
Arbitragers speculated another overnight messenger service
may emerge as a likely bidder for Purolator. Before the
transaction with Hutton LBO was announced, analysts had also
speculated another courier company would be the most likely
suitor.
While one arbitrager acknowledged there in fact may be no
new bidders, he said the possibility one could appear pushed
the stock into play again.
'There's no shortage of possibilities. It's just a question
of management's willingness to let the process continue,' said
one arbitrager.
Arbitragers said a new buyer might be found because they
believe Hutton LBO has taken on no risk in the transaction.
Hutton has begun a tender for 83 pct of Purolator at 35 dlrs
cash per share. The balance of Purolator's stock will be bought
for securities and warrants in a new company holding the U.S.
courier operations.
The arbitragers said tender offer documents show that
Hutton does not need to use its cash in the transaction and
will emerge with a giant, majority equity interest in
Purolator.
'As far as I can tell from the public documents from the
deal that's on the table, Hutton is basically putting up zero.
One always likes a situation like that. You always like to
think if they can do this deal at no risk, there should be
someone else in the world that could do it higher,' said one
arbitrager.
The firm, however, is supplying temporary financing, and
sources close to the transaction disputed the claim that the
firm will not end up paying for its equity position.
While one scenario mentioned in the tender offer document
did note that the E.F. Hutton Group subsidiary may not have to
keep cash in the transaction, the sources said there is some
risk to the firm.
'There are a variety of contingencies and restricted cash,
and all sorts of things that make it very speculative,' said
one of the sources, adding there are also severance payments to
employees.
The E.F. Hutton Group subsidiary is supplying 279 mln dlrs
in so-called 'bridge' financing for the transaction. The bridge
financing is a temporary loan from Hutton.
The financing is to be replaced with permanent financing,
expected to come from banks. However, it may take some time to
replace the financing, the source said, resulting in what could
be a substantial expense to the firm.
Gardner said Hutton stands to gain fees of 10 to 20 mln
dlrs from the transaction, but sources close to the transaction
said fees are at the low end of the scale.
'It's a very complex transaction, but basically what
happens is they ostensibly put up money but the fees recapture
any investment they might have once the merger takes place,'
Gardner said.
|
training/4478
|
training/4478 |@title usda:1 say:1 wheat:1 purchase:1 foreign:1 seller:1 |@word u:4 agriculture:1 department:2 say:2 private:1 exporter:2 report:1 purchase:2 foreign:3 seller:2 120:1 000:3 tonne:2 wheat:2 delivery:2 unknown:1 destination:1 consist:1 60:2 hard:1 red:2 winter:2 tone:1 soft:1 1987:1 88:1 season:1 begin:1 june:1 1:1 transaction:1 contract:1 buy:1 produce:1 commodity:1 firm:1
|
USDA SAYS WHEAT PURCHASED FROM FOREIGN SELLERS
The U.S. Agriculture Department said
private U.S. exporters reported purchases from foreign sellers
of 120,000 tonnes of wheat for delivery to unknown
destinations.
The wheat, consisting of 60,000 tonnes of hard red winter
and 60,000 tones of soft red winter, is for delivery during the
1987/88 season, which begins June 1.
A purchase from a foreign seller is a transaction in which
a U.S. exporter contracts to buy U.S.-produced commodities from
a foreign firm, the department said.
|
training/448
|
training/448 |@title consolidated:1 tvx:1 buy:1 brazil:1 gold:1 mine:1 stake:1 |@word consolidated:2 tvx:9 mining:6 corp:1 say:7 agree:2 issue:1 7:1 8:2 mln:2 treasury:1 share:2 acquire:4 interest:5 three:1 gold:6 company:7 brazil:2 option:1 increase:2 platinum:2 property:2 transaction:1 bring:1 immediate:1 production:1 earning:2 consolidate:4 enhance:1 precious:1 metal:1 potential:1 expect:4 improve:1 cash:1 flow:1 per:1 basis:1 give:1 specific:1 figure:1 29:2 pct:7 cmp:2 public:1 already:2 hold:1 15:1 make:1 large:1 single:1 shareholder:1 also:2 19:1 stake:2 novo:2 astro:2 private:1 16:1 tele:3 pire:3 ownership:1 51:1 addition:1 right:2 add:1 10:2 4:1 earn:1 11:1 canadian:1 dlrs:2 1986:2 produce:4 42:1 000:4 ounce:6 1987:3 cost:1 160:1 u:1 operate:1 rich:1 mine:1 locate:1 amapa:1 state:1 average:1 grade:1 0:1 ton:1 hardrock:1 quartz:1 vein:1 eluvial:1 surface:1 material:1 25:1 60:1 control:1 350:1 kilometer:1 section:1 river:1 one:1 dredge:1
|
CONSOLIDATED TVX TO BUY BRAZIL GOLD MINE STAKES
<Consolidated TVX Mining Corp> said it
agreed to issue 7.8 mln treasury shares to acquire interests in
three gold mining companies in Brazil and an option to increase
the company's interest in a platinum property.
The company said the transactions will bring immediate
production and earnings to Consolidated TVX, enhance its
precious metal potential and is expected to improve cash flow
and earnings on a per share basis. The company did not give
specific figures.
Consolidated TVX said it will acquire 29 pct of CMP, a
public gold mining company in which TVX already holds a 15 pct
interest, making TVX the largest single shareholder.
The company also agreed to acquire a 19 pct stake in Novo
Astro, a private company, and a 16 pct interest in Teles Pires
Mining, increasing the TVX's ownership to 51 pct.
In addition, Consolidated TVX said it will acquire the
right to add a 10 pct interest to a platinum property in which
it already owns a 29.4 pct stake.
CMP earned 11 mln Canadian dlrs in 1986 and expects to
produce 42,000 ounces of gold in 1987 at a cost of 160 U.S.
dlrs an ounce, Consolidated TVX said.
Novo Astro operates Brazil's richest gold mine located in
Amapa State, with an average grade of 0.8 ounces of gold a ton
in a hardrock quartz vein, Consolidated TVX said. Mining of
eluvial surface material produced 25,000 ounces in 1986 and is
expected to produce 60,000 ounces in 1987.
It also said Teles Pires Mining controls rights to a 350
kilometer section of the Teles Pires River, where one dredge is
expected to produce 10,000 ounces of gold in 1987.
|
training/4480
|
training/4480 |@title volcker:2 see:2 clearcut:2 evidence:2 u:2 trade:2 deterioration:2 yet:2 reverse:2 |@word
|
VOLCKER SEES NO CLEARCUT EVIDENCE THAT U.S. TRADE DETERIORATION HAS YET BEEN REVERSED
VOLCKER SEES NO CLEARCUT EVIDENCE THAT U.S. TRADE DETERIORATION HAS YET BEEN REVERSED
|
training/4481
|
training/4481 |@title diamond:1 shamrock:1 dia:1 raise:1 crude:1 posting:1 |@word diamond:2 shamrock:2 say:1 raise:1 contract:1 price:2 pay:1 crude:1 oil:1 50:2 ct:1 barrel:1 effective:1 today:1 increase:1 bring:1 company:1 post:1 benchmark:1 grade:1 west:1 texas:1 intermediate:1 17:1 dlrs:1 bbl:1 last:1 change:1 posting:1 march:1 4:1
|
DIAMOND SHAMROCK <DIA> RAISES CRUDE POSTINGS
Diamond Shamrock said it raised the
contract price it will pay for crude oil 50 cts a barrel,
effective today.
The increase brings the company's posted price for the
benchmark grade, West Texas Intermediate, to 17.50 dlrs/bbl.
Diamond Shamrock last changed its postings on March 4.
|
training/4483
|
training/4483 |@title toronto:2 dominion:2 bank:2 cut:2 prime:2 rate:2 8:2 3:2 4:4 pct:4 9:2 1:2 tomorrow:2 |@word
|
TORONTO DOMINION BANK CUTS PRIME RATE TO 8-3/4 PCT FROM 9-1/4 PCT - TOMORROW
TORONTO DOMINION BANK CUTS PRIME RATE TO 8-3/4 PCT FROM 9-1/4 PCT - TOMORROW
|
training/4484
|
training/4484 |@title bank:2 montreal:2 cut:2 prime:2 rate:2 8:2 3:2 4:4 pct:4 9:2 1:2 effective:2 friday:2 |@word
|
BANK OF MONTREAL CUTS PRIME RATE TO 8-3/4 PCT FROM 9-1/4 PCT, EFFECTIVE FRIDAY
BANK OF MONTREAL CUTS PRIME RATE TO 8-3/4 PCT FROM 9-1/4 PCT, EFFECTIVE FRIDAY
|
training/4486
|
training/4486 |@title volcker:2 say:2 fed:2 remain:2 concerned:2 possibility:2 renew:2 inflation:2 |@word
|
VOLCKER SAYS FED REMAINS CONCERNED ABOUT THE POSSIBILITY OF RENEWED INFLATION
VOLCKER SAYS FED REMAINS CONCERNED ABOUT THE POSSIBILITY OF RENEWED INFLATION
|
training/4487
|
training/4487 |@title asset:2 money:2 market:2 mutual:2 fund:2 fall:2 35:2 3:2 mln:2 dlrs:2 late:2 week:2 237:2 43:2 billion:2 |@word
|
ASSETS OF MONEY MARKET MUTUAL FUNDS FELL 35.3 MLN DLRS IN LATEST WEEK TO 237.43 BILLION
ASSETS OF MONEY MARKET MUTUAL FUNDS FELL 35.3 MLN DLRS IN LATEST WEEK TO 237.43 BILLION
|
training/4488
|
training/4488 |@title weinberger:1 oppose:1 fujitsu:1 buy:1 u:1 firm:1 |@word defense:4 secretary:2 caspar:1 weinberger:4 join:1 commerce:4 malcolm:1 baldrige:4 fight:1 fujitsu:1 ltd:1 itsu:1 plan:2 buy:1 80:1 pct:1 fairchild:1 semiconductor:1 corp:1 pentagon:3 official:4 say:3 oppose:2 good:1 interest:1 country:1 micro:1 electronics:1 business:1 leave:1 united:1 states:1 one:1 ask:1 identify:1 tell:2 reuters:2 department:3 yesterday:1 sale:4 white:1 house:1 economic:1 policy:1 council:1 take:1 matter:1 within:1 week:1 fear:1 u:2 military:1 already:1 lean:1 heavily:1 foreign:1 electronic:1 support:1 also:1 today:1 differ:1 propose:2 computer:2 equipment:1 iran:2 advise:1 recently:1 objection:1 two:1 iranian:1 power:1 company:1 islamic:1 republic:1 news:1 agency:1 valid:1 small:1 medium:1 would:1 go:1 unless:1 evidence:1 present:1
|
WEINBERGER OPPOSES FUJITSU BUYING U.S. FIRM
Defense Secretary Caspar Weinberger
will join Commerce Secretary Malcolm Baldrige in fighting
Fujitsu Ltd's <ITSU.T> plan to buy 80 pct of <Fairchild
Semiconductor Corp>, Pentagon officials said.
'He (Weinberger) opposes it. It is not in the best interests
of the country to have more of the micro-electronics business
leaving the United States,' one of the Pentagon officials, who
asked not to be identified, told Reuters.
Commerce Department officials told Reuters yesterday that
Baldrige opposed the planned sale and that the White House
Economic Policy Council will take up the matter within weeks.
Commerce and defense officials said Baldrige and Weinberger
feared the U.S. military is already leaning too heavily on
foreign electronic support.
But the Defense Department also said today that Weinberger
and Baldrige differed on the proposed sale of U.S. computer
equipment to Iran.
The Commerce Department advised the Pentagon recently that
defense objections to two proposed sales -- to an Iranian power
company and the Islamic Republic of Iran News Agency -- were
not valid and the sales of small and medium computers would go
through unless more evidence was presented.
|
training/449
|
training/449 |@title warwick:1 insurance:1 managers:1 inc:1 wimi:1 4th:1 qtr:1 |@word oper:4 shr:2 17:1 ct:4 vs:10 19:1 net:4 636:1 000:14 358:1 rev:1 10:1 6:1 mln:3 7:1 024:1 avg:2 shrs:2 3:2 808:1 1:3 924:1 year:3 73:1 65:1 2:1 467:1 199:1 revs:1 31:1 5:1 22:1 9:1 372:1 785:1 note:1 exclude:2 investment:1 gain:1 20:1 dlrs:4 86:1 quarter:1 586:1 195:1 1985:2 304:1 dlr:1 tax:1 credit:1 share:1 adjust:1 one:1 two:1 reverse:1 split:1 november:1
|
WARWICK INSURANCE MANAGERS INC <WIMI> 4TH QTR
Oper shr 17 cts vs 19 cts
Oper net 636,000 vs 358,000
Revs 10.6 mln vs 7,024,000
Avg shrs 3,808,000 vs 1,924,000
Year
Oper shr 73 cts vs 65 cts
Oper net 2,467,000 vs 1,199,000
Revs 31.5 mln vs 22.9 mln
Avg shrs 3,372,000 vs 1,785,000
NOTE: Net excludes investment gains 20,000 dlrs vs 86,000
dlrs in quarter and 586,000 dlrs vs 195,000 dlrs in year.
1985 year net excludes 304,000 dlr tax credit.
Share adjusted for one-for-two reverse split in November
1985.
|
training/4490
|
training/4490 |@title glickman:1 push:1 hard:1 0:1 92:1 farm:1 plan:1 |@word implementation:1 one:1 year:2 0:12 92:14 pilot:1 program:5 wheat:3 feedgrain:2 strongly:1 promote:1 today:1 chairman:2 key:1 house:1 agriculture:2 subcommittee:2 way:2 cut:6 farm:6 cost:2 simultaneously:1 give:1 farmer:7 another:1 option:2 make:3 planting:3 decision:2 budget:2 drive:1 policy:3 may:1 shame:1 lock:1 say:13 dan:1 glickman:6 kans:1 soybean:1 feed:1 grain:1 need:1 look:1 hurt:1 plan:11 properly:1 could:1 announce:1 week:2 introduce:3 bill:6 1987:2 1988:1 aide:1 probably:1 next:1 allow:1 forego:1 still:2 receive:1 pct:2 deficiency:2 payment:3 would:7 major:2 revision:1 1985:1 extension:1 50:1 already:1 provide:2 current:2 premature:1 change:2 meet:1 goal:1 voluntary:1 well:1 sharply:1 target:3 price:2 usda:1 propose:1 however:1 decouple:4 simply:1 different:1 type:1 acreage:3 diversion:1 decoupling:6 delinke:1 government:2 much:1 approve:1 point:1 think:1 interest:1 pursue:1 period:1 unequivocal:1 hearing:1 sen:1 rudy:1 boschwitz:4 r:1 minn:1 cosponsor:1 boren:1 support:1 short:1 term:1 move:2 permament:1 senate:1 guarantee:1 certain:2 participate:1 require:1 idle:2 put:1 conservation:1 use:1 prohibit:1 hay:1 graze:1 extra:1 limit:1 participation:1 number:1 acre:1 county:1 tenant:1 protection:1 provision:1 know:1 obtain:1 complete:1 least:1 direction:1 robbin:1 johnson:3 vice:1 president:1 cargill:1 inc:1 testify:1 favor:1 end:1 bias:1 u:1 towards:1 overproduction:1 reduce:1 dependency:1 go:1 far:1 enough:1 encourage:1 plant:1 official:1 national:2 corn:2 growers:1 association:3 cattlemen:1 group:1 oppose:1 due:1 concern:1 reopen:1 create:1 confusion:1 among:1 ask:1 force:1 choose:1 ten:1 larry:1 grower:1 agree:1 rather:1 take:1 sharp:1 level:1
|
GLICKMAN PUSHES HARD FOR 0/92 FARM PLAN
Implementation of a one-year 0/92
pilot program for wheat and feedgrains was strongly promoted
today by the chairman of a key house agriculture subcommittee
as a way to cut farm costs and simultaneously give farmers
another option when making their planting decisions.
'We have a budget driven farm policy. It may be a shame,
but we are locked into this,' said Dan Glickman, (D-Kans.),
chairman of the subcommittee on wheat, soybeans and feed
grains. 'We need to look at ways to cut costs and not hurt the
farmer. A 0/92 plan, if properly done, could do both.'
Glickman announced this week plans to introduce a 0/92 bill
for 1987 and 1988 wheat and feedgrains. An aide to Glickman
said that it will probably be introduced next week.
Glickman said a 0/92 program, which allows a farmer to
forego planting and still receive 92 pct of his deficiency
payment, would not be a major revision of the 1985 farm bill --
only an extension of the 50/92 option already provided under
the current bill.
It is premature to make any major changes in the farm bill,
he said, but if agriculture has to make further cuts to meet
budget goals, a voluntary 0/92 plan would be better than
sharply cutting target prices, as USDA has proposed.
A 0/92 plan, however, would not be decoupling, but simply a
different type of acreage diversion program, Glickman said.
Decoupling -- delinking planting decisions from government
payments -- is too much of a policy change to approve at this
point, he said.
'I don't think there is any interest in pursuing a
decoupling bill this year. Period. Unequivocal,' Glickman said
at the hearing.
Sen. Rudy Boschwitz (R-Minn.), cosponsor of the
Boren/Boschwitz decoupling plan, said he supports a short term
0/92 program as a move to a more permament decoupling plan.
Boschwitz plans to introduce a 0/92 plan in the senate. His
plan would guarantee a certain deficiency payment to
participating farmers, require that idled acreage be put to
conservation use only, prohibit haying and grazing on extra
idled acreage, limit participation to a certain number of acres
in a county and provide tenant protection provisions.
'I know we cannot obtain complete decoupling in 1987, but
we can at least move in that direction,' Boschwitz said.
Robbin Johnson, vice president of Cargill, Inc., testified
in favor of decoupling. Decoupling would end the current bias
in U.S. farm policy towards overproduction and reduce farmers'
dependency on the government, he said.
A 0/92 plan does not go far enough in decoupling, Johnson
said, and would still encourage farmers to plant.
Officials from the National Corn Growers Association and
the National Cattlemen's Association said their groups oppose
any 0/92 or decoupling plan due to concerns about reopening the
farm bill and creating more confusion among farmers.
But when asked if his association were forced to choose
between a ten pct cut in target prices or a 0/92 program, Larry
Johnson of the Corn Growers said they would agree to 0/92
rather than take sharp cuts in target levels.
|
training/4493
|
training/4493 |@title safeguard:1 scientific:1 sfe:1 equity:1 deal:1 |@word safeguard:2 scientifics:1 inc:2 say:2 make:1 2:1 5:1 mln:1 dlr:1 equity:1 investment:2 sanchez:2 computer:2 associates:1 private:1 software:2 firm:1 base:1 malvern:1 pa:1 give:1 major:1 ownership:1 position:1 specialize:1 product:1 financial:1 institution:1
|
SAFEGUARD SCIENTIFIC <SFE> IN EQUITY DEAL
Safeguard Scientifics Inc
said it made a 2.5 mln dlr equity investment in <Sanchez
Computer Associates Inc>, a private computer software firm
based in Malvern, Pa.
Safeguard said the investment gives it a 'major ownership
position' in Sanchez, which specializes in software products
for financial institutions.
|
training/4494
|
training/4494 |@title core:1 industries:1 inc:1 cri:1 2nd:1 qtr:1 feb:1 28:1 net:1 |@word shr:2 20:1 ct:7 vs:6 22:1 net:2 1:1 948:1 000:7 2:1 124:1 sale:3 40:2 9:2 mln:4 41:1 0:1 six:4 mth:1 50:1 3:1 864:1 4:1 835:1 81:1 7:1 79:1 note:1 1986:2 result:2 include:2 gain:1 land:1 571:1 dlrs:3 share:3 loss:1 discontinue:1 operation:1 403:1 four:1 quarter:1 598:1 month:1
|
CORE INDUSTRIES INC <CRI> 2ND QTR FEB 28 NET
Shr 20 cts vs 22 cts
Net 1,948,000 vs 2,124,000
Sales 40.9 mln vs 41.0 mln
Six mths
Shr 40 cts vs 50 cts
Net 3,864,000 vs 4,835,000
Sales 81.7 mln vs 79.9 mln
NOTE: 1986 results include gain on sale of land of 571,000
dlrs, or six cts a share
1986 results include loss from discontinued operations of
403,000 dlrs, or four cts a share in the quarter and 598,000
dlrs, or six cts a share in the six months
|
training/4498
|
training/4498 |@title first:1 financial:1 ffmc:1 stock:1 split:1 |@word first:1 financial:1 management:1 corp:1 say:1 board:1 declare:1 three:1 two:1 stock:3 split:2 common:1 effect:1 50:1 pct:1 dividend:1 shareholder:1 record:1 march:1 23:1 distribute:1 april:1 six:1
|
FIRST FINANCIAL <FFMC> IN STOCK SPLIT
First Financial Management Corp said
its board declared a three-for-two stock split of its common
stock.
The split will be effected by a 50 pct stock dividend for
shareholders of record March 23 to be distributed on April six.
|
training/4499
|
training/4499 |@title bank:2 nova:2 scotia:2 cut:2 prime:2 rate:2 8:2 3:2 4:4 pct:4 9:2 1:2 effective:2 tomorrow:2 |@word
|
BANK OF NOVA SCOTIA CUTS PRIME RATE TO 8-3/4 PCT FROM 9-1/4 PCT, EFFECTIVE TOMORROW
BANK OF NOVA SCOTIA CUTS PRIME RATE TO 8-3/4 PCT FROM 9-1/4 PCT, EFFECTIVE TOMORROW
|
training/45
|
training/45 |@title chemlawn:1 chem:1 rise:1 hope:1 high:1 bid:1 |@word chemlawn:10 corp:1 chem:1 could:5 attract:1 high:2 bid:1 27:1 dlrs:4 per:2 share:6 offer:4 waste:7 management:6 inc:3 wnx:1 wall:1 street:1 arbitrageurs:1 say:10 shoot:1 11:1 5:1 8:3 29:1 3:2 counter:1 trading:1 mln:3 company:8 10:2 1:2 change:1 hand:1 late:1 afternoon:1 go:1 time:1 cash:2 flow:1 30:2 maybe:1 32:1 dollar:1 depend:1 whether:1 compete:2 bidder:1 arbitrageur:2 tender:2 announce:1 opening:1 today:2 expire:1 march:1 25:1 totally:1 surprise:2 debra:1 strohmai:1 spokeswoman:1 board:1 hold:1 regularly:1 schedule:1 meeting:1 discuss:1 announcement:1 statement:1 expect:1 certain:1 would:2 ready:1 unable:1 prior:1 contact:1 official:1 think:1 resist:2 elliott:1 schlang:5 analyst:2 prescott:1 ball:1 turben:1 like:1 attack:1 point:1 difficult:1 try:1 find:1 white:1 knight:1 want:2 acquire:1 rosemarie:1 morbelli:3 ingalls:1 snyder:1 servicemaster:1 companies:1 l:1 p:1 svm:1 rollin:1 rol:1 example:1 interested:1 two:1 customer:2 large:1 u:1 involve:2 application:1 fertilizer:1 pesticide:1 herbicide:1 lawn:2 removal:1 base:1 valuable:1 another:1 capitalize:1 strong:1 residential:1 commercial:1 distribution:1 system:1 note:2 growth:2 rate:2 catapult:1 price:1 mid:1 1983:1 stock:1 languish:1 slow:1 profit:1 concentrate:1 fourth:2 quarter:2 1986:1 earn:1 19:1 full:1 year:1 2:1 58:1 thousand:1 individual:1 entrepreuer:1 garden:1 care:1 sevice:1
|
CHEMLAWN <CHEM> RISES ON HOPES FOR HIGHER BIDS
ChemLawn Corp <CHEM> could attract a
higher bid than the 27 dlrs per share offered by Waste
Management Inc <WNX>, Wall Street arbitrageurs said.
Shares of ChemLawn shot up 11-5/8 to 29-3/8 in
over-the-counter- trading with 3.8 mln of the company's 10.1
mln shares changing hands by late afternoon.
'This company could go for 10 times cash flow or 30 dlrs,
maybe 32 dollars depending on whether there is a competing
bidder,' an arbitrageur said. Waste Management's tender offer,
announced before the opening today, expires March 25.
'This is totally by surprise,' said Debra Strohmaier, a
ChemLawn spokeswoman. The company's board held a regularly
scheduled meeting today and was discussing the Waste Management
announcement. She said a statement was expected but it was not
certain when it would be ready.
She was unable to say if there had been any prior contact
between Waste Management and ChemLawn officials.
'I think they will resist it,' said Elliott Schlang,
analyst at Prescott, Ball and Turben Inc. 'Any company that
doesn't like a surprise attack would.'
Arbitrageurs pointed out it is difficult to resist tender
offers for any and all shares for cash. Schlang said ChemLawn
could try to find a white knight if does not want to be
acquired by Waste Management.
Analyst Rosemarie Morbelli of Ingalls and Snyder said
ServiceMaster Companies L.P. <SVM> or Rollins Inc <ROL> were
examples of companies that could be interested.
ChemLawn, with about two mln customers, is the largest U.S.
company involved in application of fertilizers, pesticides and
herbicides on lawns. Waste Management is involved in removal of
wastes.
Schlang said ChemLawn's customer base could be valuable to
another company that wants to capitalize on a strong
residential and commercial distribution system.
Both Schlang and Morbelli noted that high growth rates had
catapulted ChemLawn's share price into the mid-30's in 1983 but
the stock languished as the rate of growth slowed.
Schlang said the company's profits are concentrated in the
fourth quarter. In 1986 ChemLawn earned 1.19 dlrs per share for
the full year, and 2.58 dlrs in the fourth quarter.
Morbelli noted ChemLawn competes with thousands of
individual entrepreuers who offer lawn and garden care sevice.
|
training/450
|
training/450 |@title canada:1 industrial:1 price:1 0:1 2:1 pct:1 month:1 |@word canada:2 industrial:1 product:3 price:3 index:2 rise:2 0:3 2:2 pct:3 january:2 fall:2 two:1 previous:1 month:1 statistics:1 say:2 lead:1 gain:1 paper:1 pharmaceutical:1 petroleum:1 coal:1 decline:2 record:2 meat:1 lumber:1 motor:1 vehicle:1 year:2 basis:1 federal:1 agency:1 9:1 large:1 yearly:1
|
CANADA INDUSTRIAL PRICES UP 0.2 PCT IN MONTH
Canada's industrial product price index
rose 0.2 pct in January after falling 0.2 pct in each of the
two previous months, Statistics Canada said.
The rise was led by price gains for papers, pharmaceuticals
and petroleum and coal products. Price declines were recorded
for meat products, lumber and motor vehicles.
On a year over year basis, the federal agency said the
index fell 0.9 pct in January, the largest yearly decline on
record.
|
training/4503
|
training/4503 |@title occidental:1 unit:1 oxy:1 lift:1 lockout:1 |@word iowa:4 beef:4 processors:1 inc:1 lift:2 lockout:2 dakota:2 city:2 nebraska:1 processing:1 plant:4 plan:1 resume:1 operation:2 march:1 16:1 united:1 food:1 commercial:1 workers:1 union:1 spokesman:1 allen:1 zack:2 say:2 phone:1 washington:1 c:1 headquarters:1 susbsidiary:1 occidental:1 petroleum:1 corp:1 mail:1 letter:2 member:2 ufcwu:1 local:2 222:2 inform:1 impose:1 company:1 december:3 14:1 would:1 meatpacker:2 could:1 return:1 work:1 revise:1 last:1 best:1 final:1 offer:1 accord:1 sign:1 four:1 manager:1 close:1 proesse:1 indefinitely:1 mid:1 alternative:1 threat:1 disrupt:1 2:2 800:1 affect:1 shutdown:1 3:1 1:1 year:1 labor:1 contract:1 expire:1 13:1
|
OCCIDENTAL UNIT <OXY> LIFTS LOCKOUT
Iowa Beef Processors Inc is lifting a
lockout at its Dakota City, Nebraska processing plant and plans
to resume operations March 16, United Food and Commercial
Workers Union spokesman Allen Zack said by phone from his
Washington, D.C. headquarters.
Iowa Beef, a susbsidiary of Occidental Petroleum Corp,
mailed a letter to members of UFCWU Local 222 informing them a
lockout imposed by the company on December 14 would be lifted
and meatpackers could return to work under Iowa Beef's
'revised, last and best final offer,' according to Zack.
The letter was signed by four managers at the Dakota City
plant.
Iowa Beef closed the proessing plant indefinitely in
mid-December because, it said, it had no alternative to threats
by meatpackers to disrupt operations.
About 2,800 members of Local 222 are affected by the
shutdown. A 3-1/2 year labor contract at the plant expired
December 13.
|
training/4504
|
training/4504 |@title circon:1 corp:1 ccon:1 4th:1 qtr:1 |@word shr:2 loss:2 two:2 ct:4 vs:6 profit:4 10:2 net:2 79:1 000:6 507:1 rev:1 6:1 mln:2 2:1 238:1 12:1 mth:1 23:1 89:1 1:1 130:1 revs:1 21:1 4:1 7:1 766:1
|
CIRCON CORP <CCON> 4TH QTR
Shr loss two cts vs profit 10 cts
Net loss 79,000 vs profit 507,000
Revs 10.6 mln vs 2,238,000
12 mths
Shr profit two cts vs profit 23 cts
Net 89,000 vs 1,130,000
Revs 21.4 mln vs 7,766,000
|
training/4505
|
training/4505 |@title brown:1 transport:1 btcu:1 declare:1 first:1 payout:1 |@word brown:1 transport:1 co:1 inc:1 say:1 board:1 declare:1 initial:1 quarterly:1 dividend:1 four:1 ct:1 share:1 payable:1 april:1 10:1 stockholder:1 record:1 march:1 31:1
|
BROWN TRANSPORT <BTCU> DECLARES FIRST PAYOUT
Brown Transport Co Inc said its board
declared an initial quarterly dividend of four cts a share,
payable April 10 to stockholders of record March 31.
|
training/4507
|
training/4507 |@title wright:1 say:1 gas:1 tax:1 option:1 cut:1 deficit:1 |@word house:3 speaker:1 jim:1 wright:2 say:1 gasoline:1 tax:4 one:1 option:1 find:1 way:1 reduce:2 deficit:2 tell:1 reporter:1 response:1 question:1 try:1 dictate:1 solution:1 debt:1 problem:1 make:2 suggestion:1 raise:1 taxis:1 20:1 billion:1 dlrs:1 part:1 budget:2 plan:1 proposal:1 give:1 consideration:1 member:1 committee:2 detail:1 increase:1 would:1 write:1 ways:1 means:1
|
WRIGHT SAYS A GAS TAX AN OPTION TO CUT DEFICIT
House Speaker Jim Wright said a
gasoline tax is one option to finding a way to reduce the
deficit, but told reporters in response to a question he will
not try to dictate a solution to the debt problem.
Wright has made suggestions for raising taxes about 20
billion dlrs as part of a budget plan to reduce the deficit.
Tax proposals are being given consideration by members of the
House Budget Committee, but the details of any tax increase
would be made by the tax writing House ways and Means
Committee.
|
training/4509
|
training/4509 |@title key:2 u:4 house:2 trade:4 subcommittee:2 approve:2 bill:2 toughen:2 law:2 |@word
|
KEY U.S. HOUSE TRADE SUBCOMMITTEE APPROVES BILL TO TOUGHEN U.S. TRADE LAWS
KEY U.S. HOUSE TRADE SUBCOMMITTEE APPROVES BILL TO TOUGHEN U.S. TRADE LAWS
|
training/4510
|
training/4510 |@title summit:1 petroleum:1 corp:1 sell:1 share:1 |@word summit:4 petroleum:1 corp:2 say:5 sell:1 11:1 3:1 mln:1 share:2 29:1 4:1 pct:1 common:1 stock:1 halbert:4 associates:1 inc:3 company:3 previously:1 hold:1 consolidated:1 energy:1 harken:1 oil:1 gas:1 hogi:1 addition:1 david:1 president:2 chief:3 executive:3 officer:1 abilene:2 investment:1 firm:2 name:2 chairman:1 charles:1 bruce:2 james:1 burke:2 also:1 director:1 expand:1 board:1 five:1 add:1 ally:1 comprehensive:1 health:1 partner:1 washington:1 law:1 butler:1 binion:1 intend:1 actively:1 seek:1 acquisition:1 increase:1 asset:1 base:1
|
<SUMMIT PETROLEUM CORP> SELLS SHARES
Summit Petroleum Corp said it
sold 11.3 mln shares, or 29.4 pct, of its common stock to
<Halbert and Associates Inc>.
The company said the shares were previously held by
<Consolidated Energy Corp> and Harken Oil and Gas Inc <HOGI>.
In addition, David D. Halbert, president and chief
executive officer of Halbert, an Abilene investment firm, was
named chairman and chief executive of Summit, the company said.
Halbert, Charles M. Bruce and James O. Burke were also named
directors, expanding the board to five, Summit added.
The company said Burke is president and chief executive of
<Allied Comprehensive Health Inc>, Abilene, while Bruce is a
partner in the Washington law firm of Butler and Binion.
Summit said it intends to actively seek acquisitions to
increase its asset base.
|
training/4512
|
training/4512 |@title japanese:1 crusher:1 buy:1 canadian:1 rapeseed:1 |@word japanese:1 crusher:1 buy:1 8:1 000:1 tonne:1 canadian:1 rapeseed:1 export:1 business:1 overnight:1 april:1 shipment:1 trade:1 source:1 say:1
|
JAPANESE CRUSHERS BUY CANADIAN RAPESEED
Japanese crushers bought 8,000 tonnes
of Canadian rapeseed in export business overnight for April
shipment, trade sources said.
|
training/4513
|
training/4513 |@title clear:1 evidence:1 trade:1 gap:1 reverse:1 volcker:1 |@word federal:1 reserve:1 board:1 chairman:1 paul:1 volcker:5 say:6 current:1 data:1 give:1 clear:1 sign:2 deterioration:2 u:2 trade:2 balance:3 yet:2 reverse:2 datum:1 hand:1 provide:1 clearcut:1 evidence:1 remark:1 prepare:1 delivery:1 luncheon:1 community:1 leader:1 however:1 encouraging:1 particularly:1 rise:1 volume:1 export:2 past:1 year:1 achieve:1 despite:1 relatively:1 slow:1 growth:3 abroad:1 warn:1 sustainable:1 economic:2 perspective:1 pile:1 foreign:1 debt:2 fail:1 make:1 investment:2 need:3 generate:1 earn:1 money:1 service:1 process:1 restore:1 external:1 economy:1 require:2 deal:1 budget:1 deficit:1 adjustment:1 relative:1 shift:1 financial:1 real:1 resource:1 internationally:1 competitive:1 industry:1 reflect:1 net:1 business:1 less:1 consumption:1
|
NO CLEAR EVIDENCE TRADE GAP REVERSED - VOLCKER
Federal Reserve Board Chairman Paul
Volcker said current data does not give a clear sign that the
deterioration in the U.S. trade balance has yet been reversed.
'The data we have in hand do not provide clearcut evidence
that the deterioration in the trade balance has yet been
reversed,' Volcker said in remarks prepared for delivery to a
luncheon for community leaders here.
However, Volcker said there are encouraging signs,
particularly the rising volume of exports over the past year,
achieved despite relatively slow growth abroad.
Volcker warned it is not sustainable from an economic
perspective to pile up foreign debt while failing to make the
investment needed to generate growth and earn the money to
service the debt.
He said the process of restoring external balance to the
U.S. economy requires dealing with the budget deficit. He said
needed economic adjustment will require a relative shift of
financial and real resources into internationally competitive
industry. 'More of our growth will need to be reflected in net
exports and business investment and less in consumption,'
Volcker said.
|
training/4514
|
training/4514 |@title iowa:1 beef:1 lift:1 lockout:1 dakota:1 city:1 |@word iowa:4 beef:4 processors:1 inc:1 lift:2 lockout:2 dakota:1 city:1 nebraska:1 processing:1 plant:3 plan:1 resume:1 operation:2 march:1 16:1 united:1 food:1 commercial:1 worker:1 ufcw:2 union:1 spokesman:1 allen:1 zack:2 say:3 mail:1 letter:1 member:2 local:2 222:2 inform:1 impose:1 company:1 december:3 14:1 would:1 meatpacker:2 could:1 return:1 work:1 revise:1 last:1 best:1 final:1 offer:1 close:1 indefinitely:1 mid:1 alternative:1 threat:1 disrupt:1 2:2 800:1 affect:1 shutdown:1 3:1 1:1 year:1 labor:1 contract:1 expire:1 13:1
|
IOWA BEEF LIFTS LOCKOUT AT DAKOTA CITY
Iowa Beef Processors Inc is lifting a
lockout at its Dakota City, Nebraska, processing plant and
plans to resume operations March 16, United Food and Commercial
Workers (UFCW) Union spokesman Allen Zack said.
Iowa Beef mailed a letter to members of UFCW Local 222
informing them a lockout imposed by the company December 14
would be lifted and meatpackers could return to work under Iowa
Beef's 'revised, last and best final offer,' Zack said.
Iowa Beef had closed the plant indefinitely in mid-December
because it said it had no alternative to threats by meatpackers
to disrupt operations.
About 2,800 members of Local 222 are affected by the
shutdown. A 3-1/2 year labor contract at the plant expired
December 13.
|
training/4515
|
training/4515 |@title n:2 business:2 loan:2 fall:2 718:2 mln:2 dlrs:2 march:2 4:2 week:2 fed:2 say:2 |@word
|
N.Y. BUSINESS LOANS FALL 718 MLN DLRS IN MARCH 4 WEEK, FED SAYS
N.Y. BUSINESS LOANS FALL 718 MLN DLRS IN MARCH 4 WEEK, FED SAYS
|
training/4516
|
training/4516 |@title new:2 york:2 bank:2 discount:2 window:2 borrowing:2 nil:2 march:2 11:2 week:2 |@word
|
NEW YORK BANK DISCOUNT WINDOW BORROWINGS NIL IN MARCH 11 WEEK
NEW YORK BANK DISCOUNT WINDOW BORROWINGS NIL IN MARCH 11 WEEK
|
training/4517
|
training/4517 |@title tony:1 loma:1 co:1 inc:1 tlam:1 4th:1 qtr:1 |@word shr:2 profit:2 nil:1 vs:6 loss:6 61:1 ct:4 net:3 3:2 000:5 1:2 148:1 revs:2 18:1 4:1 mln:4 17:1 8:1 year:1 94:1 28:1 762:1 524:1 58:1 5:1 67:1 note:1 1986:1 include:1 extraordinary:1 gain:1 569:1 dlrs:1 30:1 per:1 share:1
|
TONY LOMA CO INC <TLAM> 4TH QTR
Shr profit nil vs loss 61 cts
Net profit 3,000 vs loss 1,148,000
Revs 18.4 mln vs 17.8 mln
Year
Shr loss 94 cts vs loss 28 cts
Net loss 1,762,000 vs loss 524,000
Revs 58.5 mln vs 67.3 mln
NOTE: 1986 net includes extraordinary gain of 569,000 dlrs
or 30 cts per share.
|
training/4518
|
training/4518 |@title allied:1 lyon:1 see:1 change:1 hiram:1 walker:1 stake:1 |@word allied:10 lyons:2 plc:1 alld:1 l:1 canada:6 reichmann:1 brother:1 work:1 well:2 together:1 partner:2 currently:2 plan:3 change:2 joint:1 ownership:1 distiller:2 hiram:5 walker:5 gooderham:4 wort:1 chairman:1 derrick:1 holden:7 brown:7 say:10 lyon:9 get:2 51:1 pct:5 control:3 last:1 year:4 600:1 mln:1 u:1 dlrs:1 reichmanns:1 gulf:5 corp:1 acquire:1 49:4 court:1 pact:1 hostile:1 battle:1 wine:2 spirit:2 division:1 resources:1 ltd:1 along:1 hope:2 win:1 could:3 tell:1 reporter:2 speech:1 toronto:1 two:2 call:2 option:2 force:1 sell:2 stake:1 ally:1 put:2 obligate:1 buy:1 much:1 occasion:1 either:1 exercise:1 answer:1 question:1 would:3 possible:2 part:1 public:1 offering:1 consent:1 think:2 objection:1 add:2 maintain:1 board:1 director:1 total:1 responsibility:1 management:1 contemplate:1 give:2 disclose:1 big:1 profit:2 contribution:1 make:1 financial:1 result:1 substantial:1 able:2 forecast:1 finance:1 acquisition:2 cash:1 borrowing:1 current:1 stock:2 issue:1 company:1 negotiate:1 team:1 official:1 evaluate:1 purchase:1 soft:1 drink:1 food:1 concern:1 shall:1 look:1 brewery:1 scene:1 highly:1 concentrated:1 already:1 list:1 share:1 canadian:1 exchange:1 possibly:1 later:1
|
ALLIED-LYONS SEES NO CHANGE IN HIRAM WALKER STAKE
Allied-Lyons PLC <ALLD.L> and Canada's
Reichmann brothers are working well together as partners and
currently do not plan any change in their joint ownership of
distiller Hiram Walker-Gooderham and Worts, Allied-Lyons
chairman Derrick Holden-Brown said.
Allied-Lyons got 51 pct control of Hiram Walker-Gooderham
last year for about 600 mln U.S. dlrs, while the Reichmanns'
<Gulf Canada Corp> acquired 49 pct in an out-of-court pact
after a hostile battle for the wine and spirits division of
<Hiram Walker Resources Ltd>.
'We are getting along very well as partners ... I hope
there won't be any change, but there could be,' Holden-Brown
told reporters after a speech in Toronto.
He said Allied-Lyons has a two-year call option that could
force Gulf Canada to sell its 49 pct stake to Allied-Lyons, and
Gulf Canada has a two-year put option that could obligate
Allied-Lyons to buy its 49 pct.
'Both we and Gulf hope very much there will be no occasion
for either the put or call to be exercised,' Holden-Brown said.
In answer to a reporter's question, Holden-Brown said it
would be possible for Gulf Canada to sell off part of its 49
pct in a public offering with Allied-Lyons' consent. 'I don't
think we would have any objection to it,' he added.
Allied-Lyons maintains control of Hiram Walker-Gooderham's
board of directors and has total responsibility for its
management. 'We cannot contemplate giving up our control,' he
said.
Holden-Brown would not disclose how big a profit
contribution the distiller will make in Allied-Lyons' financial
results, but he said 'it will be substantial.'
'I am not able to give profit forecasts,' he said.
Holden-Brown said Allied-Lyons was able to finance the
Hiram Walker-Gooderham acquisition with cash and borrowings,
and has no current plans for a stock issue.
He said the company is not currently negotiating any more
acquisitions in Canada but has a team of officials evaluating
possible purchases of wines, spirits, soft drinks or food
concerns. 'I don't think we shall be looking at the brewery
scene (which is) highly concentrated already,' he added.
Holden-Brown said Allied-Lyons plans to list its shares on
Canadian stock exchanges, possibly later this year.
|
training/4519
|
training/4519 |@title new:1 york:1 business:1 loan:1 fall:1 718:1 mln:1 dlrs:1 |@word commercial:2 industrial:1 loan:3 book:1 10:1 major:1 new:2 york:2 bank:2 exclude:1 acceptance:2 fall:2 718:1 mln:3 dlrs:3 64:1 87:1 billion:3 week:1 end:1 march:1 4:1 federal:1 reserve:1 say:1 include:1 581:1 65:1 63:1 paper:1 outstanding:1 nationally:1 drop:1 13:1 336:1 02:1 national:1 business:1 datum:1 schedule:1 release:1 friday:1
|
NEW YORK BUSINESS LOANS FALL 718 MLN DLRS
Commercial and industrial loans on the
books of the 10 major New York banks, excluding acceptances,
fell 718 mln dlrs to 64.87 billion in the week ended March 4,
the Federal Reserve Bank of New York said.
Including acceptances, loans fell 581 mln dlrs to 65.63
billion.
Commercial paper outstanding nationally dropped 13 mln dlrs
to 336.02 billion.
National business loan data are scheduled to be released on
Friday.
|
training/4521
|
training/4521 |@title eaton:1 vance:1 corp:1 eavn:1 1st:1 qtr:1 jan:1 31:1 net:1 |@word shr:1 53:1 ct:2 vs:3 34:1 net:1 2:1 253:1 742:1 1:1 332:1 652:1 avg:1 shrs:1 4:1 251:1 553:1 3:1 932:1 064:1
|
EATON VANCE CORP <EAVN> 1ST QTR JAN 31 NET
Shr 53 cts vs 34 cts
Net 2,253,742 vs 1,332,652
Avg shrs 4,251,553 vs 3,932,064
|
training/4523
|
training/4523 |@title adams:1 express:1 co:1 adx:1 set:1 regular:1 payout:1 |@word div:1 12:3 ct:4 vs:1 pay:2 april:2 20:1 record:1 8:1 note:1 company:1 dividend:2 three:1 time:1 annually:1 bulk:1 payment:1 end:1 fiscal:1 year:1 equal:1 annual:1 50:1
|
ADAMS EXPRESS CO <ADX> SETS REGULAR PAYOUT
Div 12 cts vs 12 cts
Pay April 20
Record April 8
NOTE: company pays dividend of 12 cts three times annually
with a bulk payment at the end of the fiscal year to equal
annual dividend of 50 cts.
|
training/4524
|
training/4524 |@title cargill:1 official:1 defend:1 certificate:1 program:1 |@word use:2 generic:1 kind:1 commodity:1 certificate:7 help:2 ease:2 storage:2 problem:1 necessary:1 part:2 export:3 promotion:2 program:4 senior:1 executive:1 world:1 large:1 grain:4 company:2 say:7 testify:1 house:1 agriculture:1 subcommittee:2 wheat:1 soybean:1 feedgrain:1 robbin:1 johnson:3 vice:1 president:1 cargill:2 inc:1 dispute:1 claim:1 u:1 make:1 huge:1 profit:1 trade:2 cert:4 way:3 windfall:1 deal:1 two:1 pct:1 spread:1 transaction:1 within:1 normal:1 marketing:2 level:1 recognize:1 current:1 concern:1 cost:3 compare:1 cash:1 critic:1 need:1 look:4 closely:1 saving:1 cause:1 note:1 example:1 widespread:1 pik:1 roll:1 technique:1 last:1 summer:1 also:1 important:1 expand:2 market:2 put:1 meet:1 demand:1 chairman:1 dan:1 glickman:1 kans:1 committee:1 would:1 later:1 year:1 study:1 general:1 accounting:1 office:1 report:1
|
CARGILL OFFICIAL DEFENDS CERTIFICATE PROGRAMS
The use of generic in-kind commodity
certificates has helped ease storage problems and is a
necessary part of export promotion programs, a senior executive
for the world's largest grain company said.
Testifying before the House Agriculture subcommittee on
wheat, soybeans and feedgrains, Robbin Johnson, vice president
of Cargill, Inc., disputed claims that U.S. grain companies
have made huge profits from certificate trading.
'The certs program is not in any way a windfall to the
trade,' he said. Johnson said that Cargill has been dealing
with a two pct spread in certificate transactions, and that
this is within the normal grain marketing levels.
Johnson recognized current concern over the cost of
certificates as compared to cash, but said that critics need to
look more closely at the savings caused by certs, noting for
example that widespread use of certs in the PIK and Roll
marketing technique last summer helped ease storage costs.
Certificates are also an important part of any export
promotion program, he said.
'The more you look at ways to expand export markets, the
more you have to look at ways to expand certs to put more grain
into the market to meet demand,' he said.
Subcommittee chairman Dan Glickman (D-Kans.) said his
committee would be looking at the certificate program later
this year and studying the General Accounting Office report on
certificate costs.
|
training/4525
|
training/4525 |@title house:1 speaker:1 back:1 oil:1 import:1 forecast:1 plan:1 |@word house:1 speaker:1 jim:1 wright:2 endorse:1 proposal:2 require:2 president:2 take:1 action:1 reduce:1 oil:3 import:3 threaten:2 top:2 50:2 pct:5 u:1 consumption:1 tell:1 reporter:1 plan:1 sen:1 lloyd:1 bentsen:3 fellow:1 texas:1 democrat:1 positive:1 useful:1 peak:1 1977:1 47:1 short:1 36:1 last:1 year:4 40:1 say:1 support:1 24:1 senator:1 would:3 issue:1 annual:1 three:1 forecast:1 order:1 propose:1 quota:1 solution:1
|
HOUSE SPEAKER BACKS OIL IMPORT FORECAST PLAN
House Speaker Jim Wright endorsed a
proposal to require the president to take action to reduce oil
imports if they threaten to top 50 pct of U.S. consumption.
Wright told reporters the plan by Sen. Lloyd Bentsen, a
fellow Texas Democrat, was positive and useful. Oil imports
peaked in 1977 at 47 pct, were short of 36 pct last year and
this year are up over 40 pct, Bentsen said.
The Bentsen proposal, supported by 24 other Senators, would
would require the president to issue annual three-year oil
import forecasts. In any year they threatened to top 50 pct, he
would be ordered to propose quotas or other solution.
|
training/4532
|
training/4532 |@title u:2 bank:2 discount:2 borrowing:2 average:2 148:2 mln:2 dlrs:2 day:2 march:2 11:2 week:2 fed:2 say:2 |@word
|
U.S. BANK DISCOUNT BORROWINGS AVERAGE 148 MLN DLRS A DAY IN MARCH 11 WEEK, FED SAYS
U.S. BANK DISCOUNT BORROWINGS AVERAGE 148 MLN DLRS A DAY IN MARCH 11 WEEK, FED SAYS
|
training/4533
|
training/4533 |@title u:2 bank:2 net:2 free:2 reserve:2 660:2 mln:2 dlrs:2 two:2 week:2 march:2 11:2 fed:2 say:2 |@word
|
U.S. BANK NET FREE RESERVES 660 MLN DLRS IN TWO WEEKS TO MARCH 11, FED SAYS
U.S. BANK NET FREE RESERVES 660 MLN DLRS IN TWO WEEKS TO MARCH 11, FED SAYS
|
training/4534
|
training/4534 |@title u:2 m1:2 fall:2 600:2 mln:2 dlrs:2 march:2 2:2 week:2 feb:2 m2:2 1:2 6:2 billion:4 m3:2 3:2 0:2 |@word
|
U.S. M1 FALLS 600 MLN DLRS IN MARCH 2 WEEK, FEB M2 DOWN 1.6 BILLION, M3 UP 3.0 BILLION
U.S. M1 FALLS 600 MLN DLRS IN MARCH 2 WEEK, FEB M2 DOWN 1.6 BILLION, M3 UP 3.0 BILLION
|
training/4536
|
training/4536 |@title princeville:1 pvdc:1 sell:1 air:1 operation:1 |@word princeville:6 development:1 corp:1 aloha:5 inc:4 parent:1 airlines:1 jointly:1 say:3 agree:1 term:2 sale:2 airways:3 agreement:1 disclose:1 propose:1 company:1 would:1 acquire:1 entire:1 commuter:1 operation:1 access:1 airport:1 island:1 kauai:1 expect:1 operate:1 subsidiary:1 continue:1 use:1 aiway:1 name:1
|
PRINCEVILLE <PVDC> TO SELL ITS AIR OPERATION
Princeville Development Corp and
<Aloha Inc>, parent of Aloha Airlines Inc, jointly said they
agreed to terms for the sale of Princeville Airways Inc to
Aloha. Terms of the agreement were not disclosed.
Under the proposed sale, the companies said Aloha would
acquire the entire Princeville Airways commuter operation and
access to the Princeville Airport on the island of Kauai.
They said Princeville Airways is expected to operate as a
subsidiary of Aloha Inc and will continue to use the
Princeville Aiways name.
|
training/4537
|
training/4537 |@title new:1 hampshire:1 saving:1 nhsb:1 buy:1 bank:1 |@word new:2 hampshire:2 savings:2 bank:1 corp:1 say:3 agree:1 buy:1 seashore:3 bankshares:1 inc:1 exchange:2 stock:2 accord:1 term:1 deal:1 61:1 000:1 share:1 9:1 8:1 mln:2 dlrs:2 bankshare:1 asset:1 46:1
|
NEW HAMPSHIRE SAVINGS <NHSB> TO BUY BANK
New Hampshire Savings Bank Corp
said it agreed to buy <Seashore Bankshares Inc> in an exchange
of stock.
According to the terms of the deal, it said Seashore's
61,000 shares will be exchanged for 9.8 mln dlrs of New
Hampshire Savings stock.
It said Seashore Bankshares has assets of about 46 mln
dlrs.
|
training/4541
|
training/4541 |@title fcoj:1 movement:1 3:1 915:1 370:1 gallon:1 last:1 week:1 |@word florida:1 citrus:1 processors:1 association:1 say:1 frozen:1 concentrate:1 orange:1 juice:1 movement:4 trade:1 channel:1 week:5 end:2 march:1 7:1 total:1 3:3 915:1 370:1 gallon:6 versus:6 956:1 126:1 february:1 28:1 4:1 284:1 693:1 corresponding:1 year:6 ago:4 period:1 814:1 891:1 foreign:1 import:2 last:3 133:1 505:1 domestic:1 306:1 031:1 retail:1 1:3 652:1 916:1 2:1 015:1 953:1 bulk:1 934:1 494:1 954:1 103:1 earlier:1 current:1 season:2 cumulative:2 60:1 480:1 375:1 59:1 654:1 702:1 net:1 pack:1 80:1 359:1 978:1 74:1 071:1 755:1 inventory:1 83:1 422:1 435:1 81:1 963:1 040:1
|
FCOJ MOVEMENT 3,915,370 GALLONS LAST WEEK
Florida Citrus Processors
Association said frozen concentrate orange juice movement into
trade channels in the week ended March 7 totalled 3,915,370
gallons versus 3,956,126 gallons in the week ended February 28
and 4,284,693 gallons in the corresponding year-ago period.
There were 3,814,891 gallons of foreign imports last week
versus 133,505 gallons the week before. Domestic imports last
week were 306,031. Retail movement was 1,652,916 versus
2,015,953 a year ago. Bulk movement was 1,934,494 against
1,954,103 a year earlier.
Current season cumulative movement was 60,480,375 gallons
versus 59,654,702 last year. Cumulative net pack for the season
was 80,359,978 versus 74,071,755 a year ago. Inventory was
83,422,435 versus 81,963,040 a year ago.
|
training/4544
|
training/4544 |@title u:2 1:2 money:1 supply:1 fall:1 600:1 mln:1 dlrs:1 |@word money:1 supply:1 fall:3 600:1 mln:2 dlrs:5 seasonally:1 adjust:1 738:3 0:1 billion:8 march:1 2:3 week:3 federal:1 reserve:1 say:2 previous:1 1:6 level:1 revise:1 6:2 5:1 four:1 move:1 average:1 rise:2 737:1 736:1 8:2 comment:1 february:1 growth:1 broad:1 monetary:1 aggregate:1 fed:1 3:2 three:1 economist:1 poll:1 reuters:1 project:1 900:1 dlr:2 drop:1 change:1
|
U.S. M-1 MONEY SUPPLY FALLS 600 MLN DLRS
U.S. M-1 money supply fell 600 mln
dlrs to a seasonally adjusted 738.0 billion dlrs in the March 2
week, the Federal Reserve said.
The previous week's M-1 level was revised to 738.6 billion
dlrs from 738.5 billion, while the four-week moving average of
M-1 rose to 737.1 billion dlrs from 736.8 billion.
Commenting on February growth of the broader monetary
aggregates, the Fed said that M-2 fell 1.6 billion dlrs, while
M-3 rose three billion. Economists polled by Reuters had
projected a 900 mln dlr fall in M-1, a 1.8 billion dlr drop in
M-2 and no change in M-3.
|
training/4548
|
training/4548 |@title bolivia:1 offer:1 buy:1 back:1 bank:1 debt:1 |@word bolivia:11 make:5 formal:2 offer:8 next:2 month:5 buy:4 back:4 900:1 mln:7 dlrs:7 debt:10 commercial:5 bank:11 discount:2 90:1 pct:5 central:1 president:1 jier:1 nogales:5 say:15 tell:1 reuters:1 interview:1 steering:1 committee:1 creditor:4 agree:3 consider:1 meeting:1 new:1 york:1 last:3 would:11 base:1 value:2 bolivian:3 paper:2 international:5 secondary:1 market:2 trade:1 10:3 15:1 face:1 nogale:4 single:2 accept:2 pay:4 rate:5 full:1 decline:1 repay:1 20:2 30:1 year:9 interest:6 fix:1 add:5 freeze:1 payment:2 medium:1 long:1 term:1 loan:3 since:1 march:1 1984:1 money:1 available:1 restart:1 traditional:2 service:2 time:2 several:2 latin:1 american:1 country:3 initiate:1 scheme:1 cancel:1 foreign:2 equity:1 swap:1 third:1 party:1 first:2 region:1 discounted:1 practical:1 strategic:1 consideration:1 determine:1 exact:1 timing:1 bargain:1 price:1 hold:2 non:1 negotiable:1 could:1 even:1 friendly:1 let:1 alone:1 way:1 forward:1 capitalise:1 mean:1 great:2 exposure:1 loss:1 provision:1 confident:1 go:1 reasonable:1 resolve:1 problem:1 conservative:1 one:2 want:1 little:1 wait:1 know:1 window:1 opportunity:1 open:1 discuss:2 status:1 part:1 four:1 billion:2 dlr:1 2:1 5:1 owe:1 government:4 rest:1 agency:2 negotiator:1 achieve:1 considerable:1 success:1 recent:1 discussion:1 paris:4 club:4 reschedule:1 five:1 six:2 grace:1 1989:1 bilateral:1 basis:2 rule:1 member:1 disregard:1 penalty:1 negotiation:1 continue:3 argentina:1 brazil:1 700:1 expect:2 receive:1 400:1 disbursement:1 capital:1 flow:1 servicing:1 change:1 negative:2 balance:1 250:2 1985:2 net:2 inflow:1 130:1 reserve:1 stand:1 around:1 compare:1 disposable:1 fund:1 victor:1 paz:1 estenssoro:1 take:1 office:2 august:1 inflation:1 soar:1 000:1 annualised:1 plan:1 level:1 also:1 least:1 three:1 growth:1 gdp:1
|
BOLIVIA TO OFFER TO BUY BACK BANK DEBT
Bolivia is to make a formal offer during
the next few months to buy back its 900 mln dlrs debt from
commercial banks at a discount of up to 90 pct, central bank
president Jier Nogales said.
Nogales told Reuters in an interview the steering
committee of Bolivia's creditor banks had agreed to consider
the offer at a meeting in New York last month.
He said the offer would be based on the value of Bolivian
paper on the international secondary debt market, where it now
trades at between 10 and 15 pct of its face value.
Nogales said Bolivia will make a single offer to buy back
its commercial debt and banks who accepted would be paid the
discounted rate in full.
Banks which declined the offer would be repaid over 20 to
30 years at interest rates below those fixed in the
international markets, he added.
Bolivia has frozen payments on medium and long term loans
to commercial banks since March, 1984, and Nogales said there
would be no money available to restart traditional debt
servicing to them for some time.
Several Latin American countries have initiated schemes to
cancel foreign debt by equity swaps or third party buy-backs,
but Bolivia would be the first country in the region to make a
formal offer to buy back all its commercial bank debt at
discounted rates.
Nogales said practical and strategic considerations would
determine the exact timing of the offer but it would be made in
the next few months.
He said Bolivia would not bargain with creditor banks over
the price to paid for the debt paper they hold, and would make
a single non-negotiable offer.
He said Bolivia could not even pay interest to friendly
creditor countries, let alone commercial banks. The only
traditional way forward was to capitalise interest, which would
mean greater bank exposure in Bolivia and greater loss
provisions, he added.
'We are confident that the banks are going to be
reasonable,' Nogales said. 'Now they can resolve their problems
for once and for all.'
'The most conservative ones who want a little more will
wait a year, but I don't know if the window of opportunity will
be open all the time,' he added.
Discussing the status of other parts of Bolivia's four
billion dlr foreign debt, 2.5 billion of which is owed to
governments and the rest to international agencies, Nogales
said negotiators had achieved considerable success in recent
discussions with the Paris Club.
He said Paris Club creditors had agreed to reschedule
Bolivian debt over 10 years with five to six years grace, while
accepting that interest would not be paid until 1989. Interest
rates were being discussed on a bilateral basis under Paris
Club rules, he added.
He said some Paris Club members had agreed to disregard
penalty interest payments and negotiations were continuing with
Argentina and Brazil, who hold 700 mln dlrs of Bolivian debt.
He said Bolivia was continuing to service loans from
international agencies, and it expected to receive up to 400
mln dlrs in disbursements this year.
The capital flow for loans and their servicing had changed
from a negative balance of 250 mln dlrs in 1985 to a net inflow
of 130 mln dlrs last year, he added.
Nogales said that Bolivia's net international reserves now
stood at around 250 mln dlrs, compared to one mln dlrs in
disposable funds when the government of Victor Paz Estenssoro
took office in August, 1985.
Nogales said inflation, which soared to over 20,000 pct a
year in the government's first month in office, was now down to
10 pct on an annualised basis from the last six months, and the
plan was that it should continue at this level.
He said the government was also expecting at least three
pct growth in gdp this year after several years of negative
rates.
|
training/4549
|
training/4549 |@title u:1 market:1 loan:1 attractive:1 boschwitz:1 |@word marketing:4 loan:5 u:1 wheat:2 feedgrain:2 soybean:3 would:5 nothing:1 help:1 surplus:1 production:2 situation:1 extremely:1 costly:1 sen:1 rudy:1 boschwitz:2 r:1 minn:1 say:2 think:1 support:2 tell:1 house:1 agriculture:1 subcommittee:1 one:1 original:1 supporter:1 cotton:2 rice:2 since:1 focused:1 decouple:1 legislation:1 boren:1 boschwitiz:1 bill:1 market:1 grain:1 encourage:1 especially:1 high:1 yield:1 area:1 much:1 expensive:1 current:1 increase:1 export:1 significantly:1
|
U.S. MARKET LOAN NOT THAT ATTRACTIVE-BOSCHWITZ
A marketing loan for U.S. wheat,
feedgrains and soybeans would do nothing to help the surplus
production situation and would be extremely costly, Sen. Rudy
Boschwitz (R-Minn.) said.
'I think I would not support a marketing loan now,' he told
the House agriculture subcommittee on wheat, soybeans and
feedgrains. Boschwitz was one of the original supporters of a
marketing loan for cotton and rice, but has since focused
support on decoupling legislation, the Boren/Boschwitiz bill.
A market loan for grains and soybeans would encourage more
production, especially in high-yielding areas, would be much
more expensive than the current cotton and rice marketing loans
and not increase exports significantly, he said.
|
training/455
|
training/455 |@title gelco:2 corp:2 2nd:2 qtr:2 shr:2 67:2 ct:3 vs:2 23:2 cts:1 |@word
|
GELCO CORP 2ND QTR SHR 67 CTS VS 23 CTS
GELCO CORP 2ND QTR SHR 67 CTS VS 23 CTS
|
training/4551
|
training/4551 |@title amvestor:1 financial:1 avfc:1 set:1 stock:1 dividend:1 |@word amvestors:1 financial:1 corp:1 say:3 declare:1 25:2 pct:1 stock:1 dividend:2 payable:1 june:2 19:1 holder:1 record:1 one:1 subject:1 increase:2 authorized:2 share:4 shareholder:1 vote:1 april:1 23:1 annual:1 meeting:1 mln:2 10:1 company:1 also:1 plan:1 pay:1 initial:1 quarterly:1 five:1 ct:1
|
AMVESTORS FINANCIAL <AVFC> SETS STOCK DIVIDEND
AmVestors Financial Corp said it
declared a 25 pct stock dividend payable June 19 to holders of
record June one, subject to an increase in authorized shares.
It said shareholders will vote at the April 23 annual
meeting to increase authorized shares to 25 mln from 10 mln.
The company also said it plans to pay an initial quarterly
dividend of five cts a share on the shares.
|
training/4552
|
training/4552 |@title u:1 house:1 panel:1 approve:1 trade:1 bill:1 |@word house:5 ways:1 means:2 trade:14 subcommittee:2 unanimously:1 approve:3 tone:1 version:1 legislation:2 design:1 toughen:2 u:7 law:1 wedge:1 open:2 foreign:4 market:2 good:2 measure:1 go:1 full:3 way:3 committee:4 next:1 week:1 major:1 change:1 expect:1 congressional:1 source:1 say:3 product:2 could:1 well:1 policy:1 manner:1 without:1 frightening:1 word:1 protectionism:1 mean:2 chairman:1 dan:1 rostenkowski:1 illinois:1 democrat:2 back:1 away:1 mandate:3 specific:1 retaliation:1 country:4 unfair:2 practice:2 bill:4 last:2 year:2 hold:1 debate:1 controversial:1 plan:1 rep:1 richard:1 gephardt:2 reduction:1 surplus:2 japan:1 south:1 korea:1 taiwan:1 missouri:1 decide:1 exact:1 form:1 amendment:1 aide:1 idea:1 force:1 annual:1 ten:1 pct:1 cut:1 wrap:1 deal:1 relaxation:1 export:1 control:1 incentive:1 research:1 expand:1 worker:1 training:1 education:1 effort:1 increase:1 competitiveness:1 comprehensive:1 consider:2 late:1 april:1 senate:1 require:1 president:1 reagan:1 retaliate:1 quota:1 tariff:2 allow:1 exemption:1 economic:1 security:1 would:2 harm:1 action:1 make:1 easy:1 industry:1 win:1 relief:1 surge:1 import:1 competitive:1 extend:1 january:1 1993:1 administration:1 authority:1 negotiate:1 agreement:2 part:1 new:1 round:1 multilateral:1 talk:1 general:1 include:1 provision:1 tighten:1 rule:1 copyright:1 patent:1 telecommunication:1
|
U.S. HOUSE PANEL APPROVES TRADE BILL
The House Ways and Means Trade
Subcommittee unanimously approved a toned-down version of
legislation designed to toughen U.S. trade laws and wedge open
foreign markets to more U.S. goods.
The measure now goes to the full House Ways and Means
Committee next week, but major changes are not expected,
congressional sources said.
'This product could very well be toughening our trade policy
and doing it in a manner that opens markets without this
frightening word 'protectionism',' Ways and Means chairman Dan
Rostenkowski, an Illinois Democrat said.
The trade subcommittee backed away from mandating specific
retaliation against foreign countries for unfair foreign trade
practices as the House had approved in a trade bill last year.
But it held over for the full Ways and Means Committee
debate on a controversial plan by Rep. Richard Gephardt to
mandate a reduction in trade surpluses with the U.S. by
countries such as Japan, South Korea and Taiwan.
Gephardt, a Missouri Democrat, has not decided the exact
form of his amendment, an aide said. Last year the House
approved his idea to force an annual ten pct trade surplus cut
by those countries.
The trade bill will be wrapped in with legislation from
other committees dealing with relaxation of export controls,
incentives for research, expanded worker training and education
and other efforts to increase U.S. competitiveness.
The comprehensive trade bill is to be considered by the
full House in late April and then will be considered by Senate
committees.
It requires President Reagan to retaliate against foreign
unfair trade practices but do not mandate quotas or tariffs and
allow an exemption if U.S. economic security would be harmed by
U.S. actions against other countries.
The bill would make it easier for U.S. industries to win
relief from surges of imports of competitive products.
It extends until January 1993, the administration's
authority to negotiate trade agreements as part of the new
round of multilateral talks under the General Agreements on
Tariffs and Trade.
And, it includes provisions to tighten trade rules on
copyrights, patents and telecommunications goods.
|
training/4554
|
training/4554 |@title standard:1 logic:1 inc:1 stdl:1 1st:1 qtr:1 loss:1 |@word qtr:3 end:1 jan:1 30:1 oper:3 shr:1 loss:4 45:1 ct:2 vs:4 profit:2 44:1 net:2 225:1 815:1 219:1 593:1 revs:1 175:1 247:1 827:1 748:1 note:1 1987:1 exclude:2 discontinue:1 operation:1 125:1 047:1 34:1 055:1 prior:2 tax:1 carryforward:1 150:1 000:1
|
STANDARD LOGIC INC <STDL> 1ST QTR LOSS
Qtr ends Jan 30
Oper shr loss 45 cts vs profit 44 cts
Oper Net loss 225,815 vs profit 219,593
Revs 175,247 vs 827,748
NOTE: oper net 1987 excludes loss from discontinued
operations of 125,047 vs loss 34,055 for prior qtr.
excludes tax carryforward 150,000 for prior qtr.
|
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