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training/4714
|
training/4714 |@title opec:1 defend:1 18:1 dlr:1 price:1 subroto:1 say:1 |@word indonesian:1 energy:2 minister:1 subroto:1 say:3 opec:6 deliberately:2 production:3 ceiling:1 15:2 8:2 mln:2 barrel:3 defend:2 18:3 dlr:1 price:4 target:1 tell:1 reporter:1 conference:1 jakarta:1 decide:2 maintain:1 level:1 dlrs:2 less:1 moment:1 state:1 ask:1 would:2 increase:1 go:1 next:1 meeting:3 june:1 discuss:1 market:1 situation:1 add:1 differential:1 committee:2 postpone:1 need:1 elaborate:1 originally:1 due:1 meet:1 vienna:1 week:1
|
OPEC DEFENDING 18 DLR PRICE, SUBROTO SAYS
Indonesian Energy Minister Subroto said
OPEC is deliberately under its production ceiling of 15.8 mln
barrels to defend its 18 dlr a barrel price target.
He told reporters at an energy conference in Jakarta that
OPEC had decided to maintain its price level of 18 dlrs.
'We are deliberately defending the price, so OPEC production
is less than 15.8 (mln) at the moment,' he stated.
Asked if OPEC would increase production if prices went
above 18 dlrs a barrel, he said this would be decided at the
next OPEC meeting in June. 'We will discuss the market situation
then,' he added.
He said a meeting of the OPEC Differentials Committee had
been postponed because 'there is no need for the meeting.'
He did not elaborate. The committee had originally been due
to meet in Vienna this week.
|
training/4717
|
training/4717 |@title bank:1 japan:1 call:1 long:1 term:1 effort:1 trade:1 |@word short:1 term:3 effect:1 foreign:1 exchange:1 rate:1 movement:1 correct:1 international:2 trade:3 imbalance:1 appear:1 wane:1 long:2 effort:1 require:1 cut:1 japan:4 chronic:1 dependence:1 external:1 demand:1 bank:2 say:2 monthly:1 report:1 surplus:1 nominal:1 likely:1 remain:1 high:1 near:1 future:1 central:1 fundamental:1 adjustment:1 need:1 hope:1 benefit:1 well:1 allocation:1 resource:1 maintain:1 free:1 system:1 add:1
|
BANK OF JAPAN CALLS FOR LONG-TERM EFFORTS ON TRADE
The short-term effect of foreign exchange
rate movements in correcting international trade imbalances
appears to be waning, and long-term efforts are required to cut
Japan's chronic dependence on external demand, the Bank of
Japan said in a monthly report.
Japan's trade surplus in nominal terms is likely to remain
high in the near future, the central bank said.
Fundamental adjustments will be needed as long as Japan
hopes to benefit from a better international allocation of
resources and maintain the free trade system, it added.
|
training/4719
|
training/4719 |@title burmese:1 paddy:1 production:1 lower:1 1986:1 87:1 |@word burma:2 paddy:3 production:2 fall:1 729:1 4:1 mln:3 basket:3 fiscal:1 year:2 1986:2 1987:1 end:1 march:1 737:1 3:1 1985:2 cabinet:1 report:1 parliament:1 say:3 local:1 measure:1 equal:1 46:1 lb:1 output:1 1984:1 699:1 1:1 green:1 revolution:1 spark:1 introduction:1 high:1 yield:1 variety:1 strain:1 mid:1 1970:1 appear:1 hit:1 plateau:1 level:1 past:1 two:1 economist:1
|
BURMESE PADDY PRODUCTION LOWER IN 1986/87
Burma's paddy production fell to 729.4
mln baskets in fiscal year 1986-1987 (to end March) from 737.3
mln in 1985-1986, a cabinet report to parliament said.
A basket is a local measure equal to 46 lbs.
Paddy output in 1984-1985 was 699.1 mln baskets, it said.
Burma's 'Green Revolution' sparked by the introduction of
high-yield variety paddy strains in the mid-1970s appears to
have hit a plateau with production levelling off over the past
two years, economists said.
|
training/4720
|
training/4720 |@title u:1 k:1 money:1 market:1 give:1 168:1 mln:1 stg:1 help:1 |@word bank:4 england:1 say:1 provide:2 money:1 market:3 168:1 mln:7 stg:6 assistance:2 help:2 offset:1 shortage:1 estimate:1 1:2 05:1 billion:2 revise:1 10:6 buy:2 21:1 bill:2 outright:1 20:1 band:2 one:3 3:1 8:3 pct:5 two:2 5:2 16:3 addition:1 98:1 resale:2 march:1 30:1 49:1 april:1 interest:1 rate:4 7:1 today:3 early:1 far:1 worth:1 646:1 also:1 announce:1 applicable:1 temporary:1 lending:2 facility:1 roll:2 average:1 mid:1 week:2 15:1
|
U.K. MONEY MARKET GIVEN FURTHER 168 MLN STG HELP
The Bank of England said it provided the
money market with a further 168 mln stg of assistance to help
offset a shortage it now estimated at 1.05 billion stg, revised
down from 1.10 billion.
It bought 21 mln stg of bank bills outright, 20 mln in band
one at 10-3/8 pct and one mln in band two at 10-5/16 pct. In
addition, it bought 98 mln stg of bills for resale on March 30
and 49 mln stg for resale April 8 at an interest rate of
10-7/16 pct. All these rates are the same as for today's
earlier help.
So far today, the bank has provided the market with
assistance worth 646 mln stg.
The bank also announced the rates applicable to temporary
lending facilities rolled over today.
The average mid-market rate for lending rolled over for one
week is 10-15/16 pct and for two weeks 10-5/8 pct.
|
training/4729
|
training/4729 |@title aep:1 industries:1 inc:1 aepi:1 1st:1 qtr:1 jan:1 31:1 net:1 |@word shr:1 19:1 ct:2 vs:4 32:1 net:1 586:1 000:2 802:1 sale:1 14:1 2:2 mln:2 15:1 1:1 avg:1 shrs:1 3:1 006:1 372:1 506:1 250:1
|
AEP INDUSTRIES INC <AEPI> 1ST QTR JAN 31 NET
Shr 19 cts vs 32 cts
Net 586,000 vs 802,000
Sales 14.2 mln vs 15.1 mln
Avg shrs 3,006,372 vs 2,506,250
|
training/473
|
training/473 |@title multi:1 step:1 sell:1 ladder:1 unit:1 cancel:1 share:1 |@word multi:8 step:8 products:1 inc:2 earlier:1 report:1 initial:2 six:2 month:2 loss:2 say:5 agree:3 sell:1 wholly:1 manufacturing:2 100:1 000:5 dlrs:4 cash:1 subject:1 shareholder:1 regulatory:1 approval:1 also:3 pay:2 900:1 cancel:1 711:1 192:1 share:1 acquire:2 michael:1 penhale:2 benficiarie:1 control:1 manage:1 follow:1 transaction:1 739:1 146:1 dlr:2 end:1 december:2 31:1 company:3 receive:1 public:1 listing:1 ladder:1 make:1 unit:3 lose:1 300:1 quarterly:1 sale:1 expect:1 close:1 april:1 call:1 retirement:1 400:2 bank:1 debt:2 tarxien:2 ltd:1 40:1 pct:2 previously:1 remain:1 60:1 already:1
|
MULTI-STEP TO SELL LADDER UNIT, CANCEL SHARES
<Multi-Step Products Inc>, earlier
reporting an initial six month loss, said it agreed to sell
wholly owned Multi-Step Manufacturing Inc for 100,000 dlrs
cash, subject to shareholder and regulatory approval.
Multi-Step also said it will pay 900,000 dlrs to cancel
711,192 of its own shares, which will be acquired from Michael
Penhale and his benficiaries. Penhale will control and manage
Multi-Step Manufacturing, following the transactions.
Multi-Step had a 739,146 dlr loss for the six months ended
December 31. The company received its initial public listing in
December.
The company said its ladder-making unit has been losing
300,000 dlrs quarterly.
The sale, expected to close in April, also calls for
retirement of the unit's 400,000 dlr bank debt, Multi-Step
said. The unit also has agreed to pay a debt of 400,000 dlrs to
Tarxien Company Ltd, which is 40 pct owned by Multi-Step.
Multi-Step previously said it agreed to acquire the
remaining 60 pct of Tarxien it does not already own.
|
training/4732
|
training/4732 |@title h:1 holmes:1 co:1 ltd:1 hlme:1 4th:1 qtr:1 net:1 |@word shr:2 39:1 ct:3 vs:8 1:3 34:1 dlrs:8 net:5 392:1 000:11 4:4 686:1 sale:3 81:2 9:1 mln:4 7:1 year:5 10:1 97:1 355:1 3:2 375:1 270:1 272:1 8:1 note:1 share:1 adjust:1 three:1 pct:1 stock:1 dividend:1 january:1 1987:1 pretax:2 profit:2 052:1 498:1 quarter:2 loss:1 572:1 2:1 922:1 late:1 include:2 gain:2 166:1 420:1 pension:1 plan:1 reversion:1 prior:1 549:1 property:1
|
D.H. HOLMES CO LTD <HLME> 4TH QTR NET
Shr 39 cts vs 1.34 dlrs
Net 1,392,000 vs 4,686,000
Sales 81.9 mln vs 81.7 mln
Year
Shr 10 cts vs 97 cts
Net 355,000 vs 3,375,000
Sales 270.4 mln vs 272.8 mln
NOTE: Share adjusted for three pct stock dividend in
January 1987.
Pretax net profits 3,052,000 dlrs vs 4,498,000 dlrs in
quarter and loss 572,000 dlrs vs profit 2,922,000 dlrs in year.
Latest year net includes pretax gains of 166,000 dlrs in
quarter and 4,420,000 dlrs in year from pension plan
reversions.
Prior year net includes gain 1,549,000 dlrs on sale of
property.
|
training/4733
|
training/4733 |@title first:1 boston:1 fbc:1 start:1 allegheny:1 ag:1 bid:1 |@word first:2 boston:2 inc:2 say:3 start:1 previously:1 announce:1 tender:2 offer:5 common:2 share:5 2:1 19:1 dlr:2 cumulative:1 preference:3 11:1 25:1 convertible:1 preferred:3 allegheny:3 international:1 24:1 60:1 dlrs:3 20:1 00:1 87:1 50:1 respectively:1 newspaper:1 advertisement:1 company:2 withdrawal:1 rioght:1 expire:1 april:1 nine:1 unless:1 extend:1 condition:1 receipt:3 least:2 majority:1 voting:2 power:2 fully:1 diluted:1 basis:1 two:1 third:1 merger:2 approve:1 board:1 remain:1 would:2 acquire:1 price:1 follow:1 minimum:1 amount:1 give:1 sufficient:1 assure:1 approval:1 without:1 affirmative:1 vote:1 shareholder:1
|
FIRST BOSTON <FBC> STARTS ALLEGHENY <AG> BID
First Boston Inc said it has started
its previously-announced tender offer for all common shares,
2.19 dlr cumulative preference shares and 11.25 dlr convertible
preferred shares of Allegheny International Inc at 24.60 dlrs,
20.00 dlrs and 87.50 dlrs respectively.
In a newspaper advertisement, the company said the offer
and withdrawal rioghts will expire April Nine unless extended.
The offer is conditioned on receipt of at least a majority of
Allegheny voting power on a fully diluted basis and on receipt
of at least two thirds each of the preference and preferred
shares.
A merger approved by the Allegheny board in which remaining
common, preference and preferred shares would be acquired at
the tender prices is to follow the offer.
Receipt of the minimum amounts under the offer would give
First Boston sufficient voting power to assure approval of the
merger without the affirmative vote of any other shareholder,
the company said.
|
training/4735
|
training/4735 |@title court:1 put:1 injunction:1 dutch:1 port:1 redundancy:1 |@word employer:5 rotterdam:1 port:3 strike:2 hit:2 general:2 cargo:2 sector:6 serve:1 injunction:1 may:2 7:2 prevent:1 continue:1 plan:2 350:2 redundancy:5 year:2 employers:1 organisation:1 spokesman:3 say:4 amsterdam:1 court:3 yesterday:1 rule:1 legal:1 fault:1 procedure:2 likely:1 restart:1 afresh:1 next:2 week:3 attempt:1 pre:1 empt:1 final:1 ruling:2 transport:1 union:3 representative:1 paul:1 rosenmuller:2 describe:1 victory:1 add:2 still:1 long:1 way:1 go:1 dispute:1 past:1 eight:1 resolve:1 would:1 meeting:2 4:1 000:1 worker:1 afternoon:1 decide:1 action:1 campaign:1 lightning:1 begin:1 january:1 19:1 protest:1 planned:1 800:1 start:1 immediate:1 either:1 propose:1 new:2 work:2 practice:1 agreement:3 meanwhile:1 discussion:1 grain:1 due:1 resume:1 stalemate:1 although:1 could:1 close:1 coal:1 ore:1
|
COURT PUTS INJUNCTION ON DUTCH PORT REDUNDANCIES
Employers in Rotterdam port's
strike-hit general cargo sector have been served with an
injunction until May 7 preventing them from continuing with
plans for 350 redundancies this year, an employers'
organisation spokesman said.
An Amsterdam court yesterday ruled there had been a legal
fault in the employers' redundancy procedure.
The employers' spokesman said they were likely to restart
the redundancy procedure afresh next week in an attempt to
pre-empt the May 7 final court ruling.
Port and transport union representative Paul Rosenmuller
described the court ruling as a victory for the union, but
added there was still a long way to go before the dispute that
has hit the general cargo sector for the past eight weeks was
resolved.
Rosenmuller said there would be a meeting of the sector's
4,000 workers this afternoon to decide on further action in the
campaign of lightning strikes that began on January 19 in
protest at planned redundancies of 800, starting with 350 this
year.
The employers said there were no immediate plans for
meetings with the union either on the proposed redundancies or
on a new work practice agreement in the sector.
Meanwhile, discussions on a new work agreement in the
port's grain sector, due to resume next week, are stalemated,
although agreement could be close in the coal and ore sector,
the employers' spokesman added.
|
training/4739
|
training/4739 |@title strike:1 close:1 new:1 zealand:1 port:1 monday:1 |@word harbour:3 workers:2 say:1 strike:2 24:1 hour:1 monday:1 effectively:1 close:1 new:2 zealand:2 port:2 deadlocked:1 wage:1 negotiation:1 employee:1 union:1 spokesman:1 tell:1 reporter:1 ship:1 movement:1 midnight:1 sunday:1 1200:1 hrs:1 gmt:1 march:1 15:1 loading:1 unload:1 involve:1 board:1 worker:1 cook:1 strait:1 ferry:1 provide:1 vital:1 link:1 north:1 south:1 island:1 run:1 add:1
|
STRIKE TO CLOSE NEW ZEALAND PORTS ON MONDAY
Harbour workers said they will
strike for 24 hours on Monday, effectively closing all New
Zealand's ports.
The strike is over deadlocked wage negotiations.
A Harbour Employees Workers' Union spokesman told reporters
there will be no ship movements in and out of ports from
midnight on Sunday (1200 hrs GMT March 15).
There will be no loading or unloading involving harbour
board workers and the Cook Strait ferries, which provide a
vital link between New Zealand's North and South Islands, will
not run, he added.
|
training/474
|
training/474 |@title esselte:1 business:1 esb:1 unit:2 buy:1 antonson:1 |@word esselte:5 business:1 systems:1 inc:1 meto:1 division:1 say:4 acquire:1 antonson:3 america:1 co:1 subsidiary:1 machines:1 ab:1 sweden:1 unit:1 base:2 laporte:1 indiana:1 manufacture:1 scale:2 label:1 printer:1 company:1 purchase:1 part:1 plan:1 increase:2 range:1 retail:1 electronic:1 offer:1 u:2 acquisition:1 enble:1 distribution:1 effort:1 grow:1
|
ESSELTE BUSINESS <ESB> UNIT BUYS ANTONSON UNIT
Esselte Business Systems Inc's
Esselte Meto division said it has acquired the Antonson America
Co, a subsidiary of <Antonson Machines AB>, of Sweden.
Esselte said the Antonson unit, based in LaPorte, Indiana,
manufactures scales and label printers. The company said the
purchase is part of a plan to increase the range of retail
electronic scales being offered by Esselte in the U.S.
It said the acquisition will enble Esselte to increase its
distribution base in its effort to grow in the U.S.
|
training/4740
|
training/4740 |@title two:1 brazilian:1 shipping:1 firm:1 settle:1 striker:1 |@word two:2 small:1 shipping:1 company:2 reach:1 pay:2 deal:1 strike:4 seaman:3 late:1 yesterday:1 union:2 leader:1 say:3 brazil:2 40:1 000:1 still:1 spokesman:1 rio:1 de:1 janeiro:1 accept:1 120:1 pct:1 raise:1 offer:1 globo:1 flumar:1 less:1 200:1 employee:1 week:1 come:1 face:1 debt:1 crisis:1 delay:1 export:1 badly:1 need:1 earn:1 foreign:1 exchange:1 labour:1 minister:1 almir:1 pazzionotto:1 government:1 force:1 settlement:1 rule:1 illegal:1 last:1 friday:1
|
TWO BRAZILIAN SHIPPING FIRMS SETTLE WITH STRIKERS
Two small shipping companies reached
a pay deal with striking seamen late yesterday, but union
leaders said most of Brazil's 40,000 seamen were still on
strike.
A union spokesman in Rio de Janeiro said the seamen had
accepted a 120 pct pay raise offer from the companies, Globo
and Flumar, which have less than 200 employees each.
The two-week strike comes as Brazil faces a debt crisis and
is delaying exports badly needed to earn foreign exchange.
Labour Minister Almir Pazzionotto said the government will
not force a settlement of the strike, which was ruled illegal
last Friday.
|
training/4741
|
training/4741 |@title portuguese:1 february:1 consumer:1 price:1 rise:1 one:1 pct:1 |@word portugal:1 consumer:2 price:2 rise:3 one:1 pct:9 last:1 month:1 1:3 2:1 increase:1 january:4 3:2 february:5 1986:3 national:1 statistics:1 institute:1 say:1 index:1 base:1 1976:1 761:1 753:1 7:1 compare:2 695:1 4:2 give:1 year:3 inflation:3 rate:2 9:2 5:1 8:1 12:1 6:1 measure:1 annual:2 average:2 11:2 government:1 forecast:1 eight:1
|
PORTUGUESE FEBRUARY CONSUMER PRICES RISE ONE PCT
Portugal's consumer prices rose one pct
last month after a 1.2 pct increase in January and a 1.3 pct
rise in February 1986, the National Statistics Institute said.
The consumer price index (base 1976) rose to 761.3 from
753.7 in January and compared with 695.4 in February 1986.
This gave a year-on-year February inflation rate of 9.5 pct
against 9.8 pct in January and 12.6 pct in February 1986.
Measured as an annual average rate, inflation in February
was 11.1 pct compared with 11.4 pct in January. The government
forecasts annual average inflation of about eight pct this
year.
|
training/4742
|
training/4742 |@title weather:1 close:1 alexandria:1 port:1 sum:1 oil:1 terminal:1 |@word strong:1 wind:1 high:1 sea:1 force:1 closure:1 egypt:1 main:1 port:2 alexandria:1 nearby:1 oil:1 terminal:1 official:2 say:2 tanker:2 load:1 suez:1 mediterranean:1 arab:1 petroleum:1 pipeline:1 co:1 sedi:1 kerir:1 southwest:1 stop:1 five:1 anchorage:1 await:1 improved:1 weather:1
|
WEATHER CLOSES ALEXANDRIA PORT, SUMED OIL TERMINAL
Strong winds and high seas
forced the closure of Egypt's main port of Alexandria and a
nearby oil terminal, port officials said.
Tanker loading at the Suez-Mediterranean Arab Petroleum
Pipelines Co in Sedi Kerir, southwest of here, stopped and
officials said five tankers were at anchorage awaiting improved
weather.
|
training/4743
|
training/4743 |@title u:2 producer:2 price:2 rise:4 0:4 1:2 pct:4 feb:2 6:2 jan:2 |@word
|
U.S. PRODUCER PRICES ROSE 0.1 PCT IN FEB AFTER 0.6 PCT JAN RISE
U.S. PRODUCER PRICES ROSE 0.1 PCT IN FEB AFTER 0.6 PCT JAN RISE
|
training/4744
|
training/4744 |@title u:1 producer:1 price:1 rise:1 0:1 1:1 pct:1 february:1 |@word u:1 producer:2 price:13 index:11 finish:6 good:8 rise:13 0:9 1:8 pct:30 seasonally:1 adjust:1 basis:1 february:7 labor:1 department:8 say:8 increase:9 come:1 6:2 january:15 high:2 energy:6 primarily:1 responsible:1 though:1 slow:3 pace:1 1986:1 level:3 seasonal:2 adjustment:2 stand:2 292:2 3:6 1967:2 base:2 100:2 among:3 product:2 four:2 9:4 8:4 sharply:2 gasoline:4 home:2 heating:2 oil:3 decline:2 include:2 4:4 fall:5 passenger:2 car:2 light:2 truck:2 reflect:2 expand:2 factory:2 finance:2 rebate:2 discount:2 loan:2 program:2 consumer:1 food:1 5:4 drop:1 vegetable:1 pork:1 coffee:1 cost:2 less:2 intermediate:2 follow:1 sharp:2 main:1 reason:1 2:3 7:3 diesel:1 fuel:2 five:1 half:1 10:2 jump:2 record:1 durable:1 manufacturing:1 material:3 edge:1 last:2 month:2 steel:1 precious:1 metal:2 copper:2 stabilize:1 lead:1 zinc:1 hardwood:1 lumber:1 cement:1 crude:3 much:1 petroleum:1 19:1 accellerate:1 log:1 timber:1 tobacco:1 cotton:1 ore:1 aluminum:1 scrap:1 finished:1 15:1 three:1 18:1
|
U.S. PRODUCER PRICES RISE 0.1 PCT IN FEBRUARY
The U.S. Producer Price Index for
finished goods rose 0.1 pct on a seasonally adjusted basis in
February, the Labor Department said.
The increase came after a 0.6 pct increase in producer
prices in January.
Higher energy prices were primarily responsible for the
increase in February, though they rose at a slower pace than
they had in January, the department said.
The finished goods index was up 0.1 pct from its February,
1986 level.
Before seasonal adjustment, the index for finished goods
stood at 292.3 over its 1967 base of 100.
Among finished goods, the index for energy products rose
four pct in February after a 9.8 pct increase in January. But
price increases slowed sharply for gasoline and home heating
oil, the department said.
There were some price declines, including a 3.4 pct fall
for passenger cars and 1.3 pct for light trucks from January
levels. This reflected expanded factory-financed rebates and
discount loan programs, the department said.
Before seasonal adjustment, the index for finished goods
stood at 292.3 over its 1967 base of 100.
Among finished goods, the index for energy products rose
four pct in February after a 9.8 pct increase in January. But
price increases slowed sharply for gasoline and home heating
oil, the department said.
There were some price declines, including a 3.4 pct fall
for passenger cars and 1.3 pct for light trucks from January
levels. This reflected expanded factory-financed rebates and
discount loan programs, the department said.
The index for consumer foods fell 0.5 pct after a 1.8
pct drop in January as vegetables, pork and coffee cost less.
The index for intermediate goods rose 0.5 pct following a sharp
0.9 pct rise in January.
The department said that energy prices again were the main
reason, with the index for intermediate energy up 2.7 pct.
Gasoline and diesel fuel prices were about five pct higher,
half the 10 pct jump recorded in January.
The durable manufacturing materials index edged down 0.1
pct last month after jumping 1.0 pct in January as prices for
steel, precious metals and copper stabilized.
The department said lead and zinc prices fell, while
hardwood lumber and cement cost more. The crude materials index
rose 1.8 pct in February after a 2.9 pct rise in January. Crude
energy materials were up 2.6 pct, much less than the 10 pct
rise in January. Crude petroleum prices rose 4.4 pct last month
after a sharp 19.7 pct rise in January.
Price rises accellerated for logs and timber and tobacco,
but fell for cotton, metal ores and copper and aluminum scrap.
Among finished goods, gasoline rose 5.5 pct after a 15.7
pct January increase, and fuel oil was up three pct in February
after an 18.0 pct increase in January.
|
training/4745
|
training/4745 |@title first:1 farwest:1 corp:1 ffws:1 4th:1 qtr:1 loss:1 |@word shr:2 loss:5 4:2 22:1 dlrs:3 vs:6 profit:4 nil:1 net:3 5:2 568:1 000:5 11:1 rev:1 42:1 2:1 mln:4 37:1 year:1 3:1 74:1 1:3 02:1 898:1 384:1 revs:1 139:1 0:1 132:1 7:1 note:1 1986:1 period:1 include:1 603:1 dlr:1 discontinue:1 operation:1 due:1 settlement:1 lawsuit:1 redemption:1 prefer:1
|
FIRST FARWEST CORP <FFWS> 4TH QTR LOSS
Shr loss 4.22 dlrs vs profit nil
Net loss 5,568,000 vs profit 11,000
Revs 42.2 mln vs 37.5 mln
Year
Shr loss 3.74 dlrs vs profit 1.02 dlrs
Net loss 4,898,000 vs profit 1,384,000
Revs 139.0 mln vs 132.7 mln
NOTE: 1986 net both periods includes 1,603,000 dlr loss
from discontinued operations due to settlement of lawsuit and
redemption of preferred.
|
training/4747
|
training/4747 |@title hemotec:1 inc:1 hemo:1 4th:1 qtr:1 net:1 |@word shr:2 one:1 ct:4 vs:8 two:1 net:3 22:1 000:12 58:1 sale:2 951:1 901:1 year:2 four:1 12:1 88:1 293:1 4:1 014:1 3:1 533:1 note:1 include:1 tax:1 credit:2 46:1 dlrs:4 84:1 quarter:1 19:1 provision:1 37:1
|
HEMOTEC INC <HEMO> 4TH QTR NET
Shr one ct vs two cts
Net 22,000 vs 58,000
Sales 951,000 vs 901,000
Year
Shr four cts vs 12 cts
Net 88,000 vs 293,000
Sales 4,014,000 vs 3,533,000
NOTE: Net includes tax credits of 46,000 dlrs vs 84,000
dlrs in quarter and credit 19,000 dlrs vs provision 37,000 dlrs
in year.
|
training/4748
|
training/4748 |@title service:2 control:1 bid:1 american:1 |@word service:5 control:3 corp:2 say:4 start:1 tender:2 offer:5 share:4 american:2 37:2 dlrs:2 newspaper:1 advertisement:1 company:1 withdrawal:1 right:1 expire:1 april:1 nine:1 unless:1 extend:1 board:1 approve:1 follow:1 merger:1 price:1 condition:1 receipt:1 least:1 534:2 806:1 holder:1 819:1 agree:1 grant:1 option:1 buy:1
|
SERVICE CONTROL BIDS FOR AMERICAN SERVICE
<Service Control Corp> said it has
started a tender offer for all shares of <American Service
Corp> at 37 dlrs each.
In a newspaper advertisement, the company said the offer
and withdrawal rights expire April Nine unless extended. The
American Service board has approved the offer, which is to be
followed by a merger at the same price.
Service Control said the offer is conditioned on receipt of
at least 534,806 shares. It said holders of 534,819 shares
have agreed to tender their shares under the offer and have
granted Service Control an option to buy them at 37 dlrs each.
|
training/475
|
training/475 |@title fed:1 expect:1 add:1 temporary:1 reserve:1 |@word federal:2 reserve:4 expect:2 enter:1 u:1 government:1 security:1 market:1 add:2 temporary:1 economist:1 say:1 supply:1 indirectly:1 arrange:1 fairly:1 large:1 round:1 two:2 billion:1 dlrs:1 customer:1 repurchase:2 agreement:1 fed:1 may:1 directly:1 instead:1 via:1 system:1 fund:2 average:1 6:3 02:1 pct:3 friday:1 open:1 1:2 8:1 trade:1 16:1 upward:1 pressure:1 settlement:1 recently:1 sell:1 year:1 note:1 treasury:1 tax:1 loan:1 call:1 bank:1
|
FED EXPECTED TO ADD TEMPORARY RESERVES
The Federal Reserve is expected to
enter the U.S. Government securities market to add temporary
reserves, economists said.
They expect it to supply the reserves indirectly by
arranging a fairly large round, two billion dlrs or more, of
customer repurchase agreements. The Fed may add the reserves
directly instead via System repurchases.
Federal funds, which averaged 6.02 pct on Friday, opened at
6-1/8 pct and traded between there and 6-1/16 pct. Funds are
under upward pressure from settlement of recently sold two-year
notes and from a Treasury tax and loan call on banks.
|
training/4751
|
training/4751 |@title dreyer:1 grand:1 dryr:1 restate:1 4rth:1 quarter:1 loss:1 |@word dreyer:3 grand:2 ice:1 cream:1 say:3 restate:1 previously:2 report:2 fourth:1 quarter:1 loss:2 904:1 000:7 dlrs:8 13:1 ct:5 per:4 share:6 decide:1 take:1 charge:1 700:1 provide:1 midwest:2 distributing:1 co:1 acquire:1 december:1 30:1 restatement:2 reduce:1 net:1 income:1 full:1 year:3 5:1 914:1 80:1 company:1 indicate:1 change:1 thinking:1 benefit:1 acquisition:1 future:1 prospect:1 distribute:1 market:1 1986:1 earning:1 6:3 614:1 90:1 7:1 960:1 1:1 08:1 first:1 nine:1 month:1 earn:1 818:1 92:1 354:1 86:1
|
DREYER'S GRAND <DRYR> RESTATES 4RTH QUARTER LOSS
Dreyer's Grand Ice Cream said
it has restated its previously-reported fourth quarter loss to
904,000 dlrs or 13 cts per share because it has now decided to
take a charge of about 700,000 dlrs to provide for losses of
Midwest Distributing Co, which was acquired December 30.
Dreyer's said the restatement reduces net income for the
full year to 5,914,000 dlrs or 80 cts per share.
The company said the restatement does not indicate any
change in its thinking on the benefits of the acquisition or
future prospects in Midwest Distributing's markets.
Dreyer's Grand previously reported 1986 earnings of
6,614,000 dlrs or 90 cts per share, down from 7,960,000 dlrs or
1.08 dlrs a share. For the first nine months of the year, it
had earned 6,818,000 dlrs or 92 cts per share, up from
6,354,000 dlrs or 86 cts a share a year before.
|
training/4755
|
training/4755 |@title turbo:1 resources:1 ltd:1 year:1 net:1 |@word oper:4 shr:2 nine:1 ct:4 vs:6 three:3 dilute:1 eight:2 net:2 15:1 mln:8 five:1 revs:1 518:1 622:1 note:1 exclude:1 extraordinary:1 income:1 seven:1 dlrs:2 four:1 tax:1 loss:1 carryforward:1 offset:1 writedown:1 u:1 oil:1 gas:1 property:1 asset:1
|
<TURBO RESOURCES LTD> YEAR NET
Oper shr nine cts vs three cts
Oper shr diluted eight cts vs three cts
Oper net 15 mln vs five mln
Revs 518 mln vs 622 mln
NOTE: Oper net excludes extraordinary income of seven mln
dlrs vs four mln on tax loss carryforward, offset by writedowns
of three mln dlrs vs eight mln on U.S. oil and gas properties
and other assets.
|
training/4756
|
training/4756 |@title vw:1 comment:1 seat:1 loss:1 report:1 |@word volkswagen:1 ag:1 vowg:1 f:1 spokesman:1 say:2 group:1 immediate:1 comment:1 report:2 great:1 expect:1 loss:2 spanish:2 subsidiary:1 sociedad:1 espanola:1 de:2 automoviles:1 turismo:1 seat:4 german:1 newspaper:2 werner:1 schmidt:2 supervisory:1 board:1 chairman:1 tell:1 journalist:1 1986:1 around:1 27:1 billion:3 peseta:2 386:1 mln:1 mark:1 almost:1 double:1 original:1 expectation:1 accord:1 boersen:1 zeitung:1 vw:1 would:2 invest:1 42:1 year:2 1995:1 spend:1 462:1 new:1 unit:1
|
VW HAS NO COMMENT ON SEAT LOSS REPORTS
A Volkswagen AG
<VOWG.F> spokesman said the group had no immediate comment on
reports of greater than expected losses at its Spanish
subsidiary Sociedad Espanola de Automoviles de Turismo (SEAT).
German newspapers reported that Werner Schmidt, SEAT
supervisory board chairman, had told journalists that SEAT
losses for 1986 were around 27 billion pesetas, or about 386
mln marks, almost double original expectations.
According to the Boersen-Zeitung newspaper, Schmidt said VW
would invest 42 billion pesetas in SEAT this year and in the
years to 1995 would spend 462 billion on its new Spanish unit.
|
training/4758
|
training/4758 |@title beneficial:2 corp:2 sell:2 western:2 national:2 life:2 275:2 mln:2 dlrs:2 |@word
|
BENEFICIAL CORP TO SELL WESTERN NATIONAL LIFE FOR 275 MLN DLRS
BENEFICIAL CORP TO SELL WESTERN NATIONAL LIFE FOR 275 MLN DLRS
|
training/4759
|
training/4759 |@title general:2 mills:2 inc:2 3rd:2 qtr:2 shr:2 64:2 ct:4 vs:2 52:2 |@word
|
GENERAL MILLS INC 3RD QTR SHR 64 CTS VS 52 CTS
GENERAL MILLS INC 3RD QTR SHR 64 CTS VS 52 CTS
|
training/4761
|
training/4761 |@title caesars:2 world:2 inc:2 say:2 board:2 reject:2 martin:2 sosnoff:2 tender:2 |@word
|
CAESARS WORLD INC SAID BOARD REJECTS MARTIN SOSNOFF TENDER
CAESARS WORLD INC SAID BOARD REJECTS MARTIN SOSNOFF TENDER
|
training/4763
|
training/4763 |@title |@word top:2 discount:2 rate:2 u:2 k:2 bill:2 tender:2 fall:2 9:2 3657:2 pct:2
|
Top discount rate at U.K. Bill tender falls to 9.3657 pct
Top discount rate at U.K. Bill tender falls to 9.3657 pct
|
training/4765
|
training/4765 |@title mdi:1 mobile:1 data:1 international:1 inc:1 year:1 net:1 |@word oper:4 shr:2 63:1 ct:5 vs:4 47:1 dilute:1 56:1 38:1 net:2 3:1 284:1 955:1 2:1 176:1 925:1 revs:1 31:1 6:1 mln:2 23:1 0:1 note:1 current:1 exclude:1 writedown:1 344:1 039:1 dlrs:1 seven:1 share:1 unidentified:1 investment:1
|
<MDI MOBILE DATA INTERNATIONAL INC> YEAR NET
Oper shr 63 cts vs 47 cts
Oper shr diluted 56 cts vs 38 cts
Oper net 3,284,955 vs 2,176,925
Revs 31.6 mln vs 23.0 mln
NOTE: Current oper net excludes writedown of 344,039 dlrs,
or seven cts a share, on unidentified investment.
|
training/4768
|
training/4768 |@title uk:1 money:1 market:1 deficit:1 revise:1 one:1 billion:1 stg:1 |@word bank:1 england:1 say:1 revise:1 estimate:1 today:1 shortfall:1 one:1 billion:1 stg:2 take:1 account:1 646:1 mln:1 morning:1 assistance:1
|
UK MONEY MARKET DEFICIT REVISED TO ONE BILLION STG
The Bank of England said it has revised
its estimate of today's shortfall to one billion stg, before
taking account of 646 mln stg morning assistance.
|
training/4769
|
training/4769 |@title outokumpu:1 close:1 nickel:1 refinery:1 summer:1 |@word finnish:1 metal:1 mining:1 group:1 outokumpu:1 oy:1 say:3 close:1 nickel:3 refinery:2 harjavalta:1 central:1 finland:1 six:1 week:1 july:1 august:1 year:2 due:1 current:1 low:1 price:2 market:1 consider:1 bad:1 moment:1 although:1 rise:1 slightly:1 since:1 january:1 sale:1 manager:1 pekka:1 purra:1 closure:2 mean:1 drop:1 production:1 3:1 000:1 tonne:2 1987:1 last:1 output:1 17:1 800:1 also:1 move:1 cut:1 labour:1 cost:1 extra:1 staff:1 employ:1 holiday:1 keep:1 plant:1 open:1
|
OUTOKUMPU TO CLOSE NICKEL REFINERY DURING SUMMER
The Finnish metal and mining group
Outokumpu Oy said it will close its nickel refinery at
Harjavalta in central Finland for six weeks in July and August
this year due to current low prices on the nickel market.
'We consider nickel prices as bad at the moment, although
they have been rising slightly since January,' refinery sales
manager Pekka Purra said.
He said the closure will mean a drop in production of 3,000
tonnes in 1987 from last year's output of 17,800 tonnes. The
closure was also a move to cut labour costs as no extra staff
have to be employed during holidays to keep the plant open.
|
training/4770
|
training/4770 |@title u:2 feb:2 industrial:2 production:2 rise:2 0:4 5:2 pct:4 revise:2 1:2 jan:2 gain:2 |@word
|
U.S. FEB INDUSTRIAL PRODUCTION ROSE 0.5 PCT AFTER REVISED 0.1 PCT JAN GAIN
U.S. FEB INDUSTRIAL PRODUCTION ROSE 0.5 PCT AFTER REVISED 0.1 PCT JAN GAIN
|
training/4771
|
training/4771 |@title u:2 feb:1 industrial:1 production:1 rise:1 0:1 5:1 pct:1 |@word industrial:4 production:8 rise:12 0:19 5:5 pct:28 february:9 revise:2 1:10 increase:5 january:10 federal:1 reserve:1 board:1 say:8 fed:8 previously:1 4:3 gain:3 dominate:1 sharp:1 motor:1 vehicle:1 boost:1 output:11 consumer:3 good:3 business:3 equipment:4 stand:1 127:1 3:5 1977:1 average:1 7:3 year:4 ago:4 also:1 december:1 figure:1 originally:1 report:1 manufacture:1 include:1 8:2 durable:3 non:1 manufacturing:1 2:7 level:1 auto:2 assembly:1 annual:1 rate:2 mln:2 unit:2 last:3 month:3 6:3 fall:2 reflect:1 truck:1 use:1 recovery:1 strike:1 farm:1 industry:1 mining:1 still:1 six:1 low:1 utility:1 defense:1 space:1 high:1 construction:1 supply:1 material:2 fourth:1 consecutive:1 monthly:1 decline:1 throughout:1 much:1 1986:1 recent:1 strength:1 concentrate:1 textile:1 paper:1 chemical:1 home:1 item:1 like:1 appliance:1 furniture:1 continue:1 strong:1
|
U.S. FEB INDUSTRIAL PRODUCTION ROSE 0.5 PCT
U.S. industrial production rose 0.5
pct in February after a revised 0.1 pct increase in January,
the Federal Reserve Board said.
The Fed previously said industrial production rose 0.4 pct
in January.
The Fed said the February gain was dominated by a sharp
rise in motor vehicle production, which boosted output of both
consumer goods and business equipment. Industrial production
stood at 127.3 pct of the 1977 average in February and was up
1.7 pct from a year ago, the Fed said.
The Fed also revised the December industrial production
figure to a gain of 0.5 pct from 0.3 pct originally reported.
Manufacturing output rose 0.5 pct in February after a 0.1
pct increase in January and included gains of 0.8 pct in
durables and 0.1 pct in non-durables, the Fed said.
Manufacturing was 2.4 pct above the year ago level.
Production of auto assemblies rose to an annual rate of 8.3
mln units last month from a January rate of 7.5 mln units.
Output of consumer goods rose 0.6 pct after falling 0.3 pct
in January and output of consumer durables was up 2.1 pct in
February after falling by 2.0 pct in January.
Business equipment production rose 1.0 pct in February,
reflecting more output of autos and trucks for business use and
a recovery from strikes in farm equipment industries, the Fed
said.
Mining output rose 0.1 pct after a 1.6 pct increase in
January, but was still six pct lower than a year ago.
Utilities output rose 0.7 pct in February after a 1.2 pct
rise in January.
Output of defense and space equipment was up 0.4 pct, the
same as in January, and 6.2 pct higher than a year ago.
Output of construction supplies rose 0.2 pct in February
after a 1.5 pct January rise.
Materials output increased by 0.2 pct last month, the
fourth consecutive monthly increase after declining throughout
much of 1986. The recent strength in materials has been
concentrated in textiles, paper and chemicals, the Fed said.
Output of home goods was up 0.3 pct in February and the Fed
said production of items like appliances and furniture
continued strong last month.
|
training/4772
|
training/4772 |@title caesars:1 world:1 caw:1 reject:1 sosnoff:1 offer:1 |@word caesars:7 world:1 inc:2 say:7 board:1 unanimously:1 reject:3 28:2 dlr:1 share:4 takeover:1 offer:7 new:1 york:1 investor:1 martin:1 sosnoff:11 outstanding:1 common:1 stock:3 inadequate:2 good:1 interest:1 shareholder:3 company:4 recommend:1 make:1 mts:1 acquisition:1 corp:1 tender:1 explore:1 variety:1 alternative:1 transaction:1 elaborate:1 caesar:1 brief:1 statement:1 whether:1 would:2 seek:1 buy:1 back:1 hold:1 spokesman:1 comment:2 decision:1 wednesday:1 tell:1 securities:1 exchange:1 commission:1 control:1 13:1 6:1 pct:1 also:1 inform:1 sec:1 buyout:1 holding:1 several:1 time:1 past:1 year:1 one:1 organization:1 immediately:1 available:1 financial:2 advisor:1 drexel:1 burnham:1 lambert:1 determine:1 financially:1 factor:1 consider:1 condition:4 future:1 prospect:1 current:1 market:1 numerous:1 bid:1 open:1 1:3 8:3 point:2 price:1
|
CAESARS WORLD <CAW> REJECTS SOSNOFF'S OFFER
Caesars World Inc said its board
unanimously rejected a 28 dlr a share takeover offer by New
York investor Martin T. Sosnoff.
Caesars said Sosnoff's offer to by all its outstanding
shares of common stock was inadequate and not in the best
interests of its shareholders.
The company recommended that shareholders reject Sosnoff's
offer, made through his <MTS Acquisition Corp>, and not tender
any of their shares.
Caesars said it will explore a variety of alternative
transactions but did not elaborate.
Caesars, in a brief statement, did not say whether it would
seek to buy back its shares held by Sosnoff.
A Caesars spokesman said the company would not comment
further on its decision.
On Wednesday, Sosnoff told the Securities and Exchange
Commission that he controls 13.6 pct of the company's stock.
Sosnoff also informed the SEC that Caesars had offered to
buyout his holdings several times during the past year.
No one from the Sosnoff organization was immediately
available for comment.
Caesars said its financial advisor, Drexel Burnham Lambert
Inc, had determined that Sosnoff's offer was financially
inadequate for shareholders other than Sosnoff.
The company said other factors it considered in rejecting
the offer were its financial condition, future prospects,
current market conditions and the numerous conditions on which
Sosnoff's bid was conditioned.
Caesars' stock opened up 1/8 point at 28-1/8. That is 1/8
point above Sosnoff's offer price.
|
training/4773
|
training/4773 |@title esselte:1 ab:1 esb:1 st:1 1986:1 result:1 |@word group:1 profit:2 net:1 interest:1 item:1 742:1 mln:2 crown:4 vs:4 741:1 sale:1 11:1 25:1 billion:2 10:2 22:1 estimate:1 per:1 share:1 9:1 20:1 propose:1 dividend:1 four:1 3:1 38:1
|
ESSELTE AB <ESB.ST> 1986 RESULTS
Group profit after net interest items
742 mln crowns vs 741 mln.
Sales 11.25 billion crowns vs 10.22 billion.
Estimated profit per share 10 crowns vs 9.20.
Proposed dividend four crowns vs 3.38.
|
training/4774
|
training/4774 |@title conseco:1 cnc:1 buy:1 beneficial:1 bnl:1 unit:1 |@word conseco:3 inc:1 say:3 sign:1 definitive:1 agreement:1 acquire:1 western:3 national:2 life:2 insurance:7 co:7 beneficial:3 corp:1 275:1 mln:5 dlrs:8 cash:2 asset:2 1:1 9:2 billion:2 end:1 1986:3 premium:1 investment:1 revenue:3 issue:1 structure:1 settlement:2 annuity:2 personal:1 injury:1 damage:1 claim:1 sell:2 tax:1 shelter:1 acquisition:2 subject:1 regulatory:1 approval:1 would:1 raise:1 2:1 7:1 annual:1 800:1 previously:1 announce:1 plan:1 leave:1 business:1 march:1 three:1 agree:1 principle:1 american:1 centennial:1 international:1 consolidated:1 marine:1 general:2 ltd:2 consolidate:1 assurance:1 wesco:1 service:1 subsidiary:1 management:1 lead:1 group:1 98:1 note:1 mostly:1 contingent:1 performance:1 unit:1 10:1 operate:1 earning:1 4:1 968:1 000:1 84:1
|
CONSECO <CNC> TO BUY BENEFICIAL <BNL> UNIT
Conseco Inc said it has signed a
definitive agreement to acquire Western National Life Insurance
Co from Beneficial Corp for 275 mln dlrs in cash.
Western National had assets of 1.9 billion dlrs at the end
of 1986 and 1986 premium and investment revenues. Western
issues structured settlement annuities for the settlement of
personal injury and damage claims and sells tax-sheltered
annuities.
The acquisition is subject to regulatory approval.
Conseco said the acquisition would raise its assets to 2.7
billion dlrs and annual revenues to about 800 mln dlrs.
Beneficial had previously announced plans to leave the
insurance business. On March Three, it said it agreed in
principle to sell its American Centennial Insurance Co,
Beneficial International Insurance Co, Consolidated MArine and
General Insurance Co Ltd, Consolidated Life Assurance Co Ltd,
Wesco Insurance Co and Service General Insurance Co
subsidiaries to a management-led group for 98 mln dlrs in notes
mostly contingent on performance of the units and 10 mln dlrs
in cash.
Conseco had 1986 operating earnings of 4,968,000 dlrs on
revenues of 84.9 mln dlrs.
|
training/4775
|
training/4775 |@title great:1 american:1 bancorp:1 grtb:1 4th:1 qtr:1 net:1 |@word shr:1 profit:2 seven:1 ct:3 vs:7 loss:6 24:1 net:2 151:1 000:4 523:1 12:1 mth:1 shrs:1 1:2 70:1 dlrs:1 44:2 3:2 670:1 947:1 asset:1 99:1 7:2 mln:6 102:1 6:2 deposit:1 91:1 90:1 loan:1 51:1
|
GREAT AMERICAN BANCORP <GRTB> 4TH QTR NET
Shr profit seven cts vs loss 24 cts
Net profit 151,000 vs loss 523,000
12 mths
Shrs loss 1.70 dlrs vs loss 44 cts
Net loss 3,670,000 vs loss 947,000
Assets 99.7 mln vs 102.6 mln
Deposits 91.1 mln vs 90.6 mln
Loans 44.3 mln vs 51.7 mln
|
training/4776
|
training/4776 |@title koninklijke:1 nederlandse:1 papierfabrieken:1 knpn:1 |@word net:1 1986:1 profit:1 132:1 6:2 mln:3 guilde:4 vs:4 117:1 3:1 turnover:1 1:1 billion:1 earning:1 per:2 share:3 16:1 00:2 15:1 80:1 capital:1 expand:1 11:1 pct:1 8:1 21:1 outstanding:1 propose:1 dividend:1 5:2 50:1 note:1 full:1 company:1 name:1 koninklijke:1 nederlandse:1 papierfabrieken:1 nv:1
|
KONINKLIJKE NEDERLANDSE PAPIERFABRIEKEN <KNPN.AS>
Net 1986 profit 132.6 mln guilders vs 117.3 mln
Turnover 1.6 billion guilders vs same
Earnings per share 16.00 guilders vs 15.80 on capital
expanded by 11 pct to 8.21 mln outstanding shares.
Proposed dividend per share 5.50 guilders vs 5.00
Note - Full company name is Koninklijke Nederlandse
Papierfabrieken NV.
|
training/4777
|
training/4777 |@title general:1 mills:1 inc:1 gis:1 3rd:1 qtr:1 feb:1 22:1 net:1 |@word shr:2 64:1 ct:5 vs:9 52:1 net:2 56:1 900:2 000:4 46:1 400:1 sale:2 1:5 31:1 billion:4 13:1 avg:2 shrs:2 88:2 2:2 mln:7 89:2 3:4 nine:2 mth:1 09:1 dlrs:5 59:1 185:1 141:1 300:1 84:1 36:1 9:1 note:1 1986:2 period:1 end:1 february:1 23:1 prior:1 year:2 amount:1 restate:1 reflect:1 discontinue:2 furniture:1 operation:2 earning:1 include:1 gain:2 5:2 two:1 share:3 quarter:1 8:1 10:1 fiscal:1 1987:1 month:1 0:1 four:1 earlier:1
|
GENERAL MILLS INC <GIS> 3RD QTR FEB 22 NET
Shr 64 cts vs 52 cts
Net 56,900,000 vs 46,400,000
Sales 1.31 billion vs 1.13 billion
Avg shrs 88.2 mln vs 89.3 mln
Nine mths
Shr 2.09 dlrs vs 1.59 dlrs
Net 185,900,000 vs 141,300,000
Sales 3.84 billion vs 3.36 billion
Avg shrs 88.9 mln vs 89.1 mln
NOTE: 1986 period ended February 23
Prior year amounts restated to reflect discontinued
furniture operations
Earnings include gains from discontinued operations of 1.5
mln dlrs, or two cts a share in the 1986 quarter and gains of
8.5 mln dlrs, or 10 cts a share in the fiscal 1987 nine months
vs 3.0 mln dlrs, or four cts a share a year earlier
|
training/4778
|
training/4778 |@title unofficial:1 strike:1 hit:1 rotterdam:1 grain:1 sector:1 |@word 220:1 man:1 rotterdam:1 port:2 grain:1 sector:1 stop:1 work:3 afternoon:1 unofficial:1 protest:1 slow:1 progress:1 negotiation:2 new:1 practice:2 agreement:1 spokesman:2 transport:1 union:3 fnv:2 say:2 employer:1 due:1 resume:1 early:1 next:2 week:2 currently:1 stalemate:1 refuse:1 accept:1 sweeping:1 change:1 hour:1 return:1 1:1 5:1 pct:1 pay:1 increase:1 action:1 yet:1 official:1 backing:1 add:1 matter:1 may:1 different:1
|
UNOFFICIAL STRIKE HITS ROTTERDAM GRAIN SECTOR
About 220 men in Rotterdam port's
grain sector stopped work this afternoon in an unofficial
protest at the slow progress of negotiations over a new work
practice agreement, a spokesman for the port and transport
union FNV said.
Negotiations between the union and employers, which are due
to resume early next week, are currently stalemated with the
union refusing to accept sweeping changes in working hours and
practices in return for a 1.5 pct pay increase.
The FNV spokesman said the action did not yet have official
backing, but added that next week matters might be different.
|
training/4779
|
training/4779 |@title novell:1 novl:1 set:1 payment:1 date:1 stock:1 split:1 |@word novell:1 inc:1 say:2 dividend:1 effect:1 previously:1 announce:1 two:1 one:1 stock:1 split:1 distribute:1 april:1 13:1 state:1 time:1 original:1 announcement:1 company:1 payment:1 make:1 holder:1 record:1 march:1 31:1
|
NOVELL <NOVL> SETS PAYMENT DATE FOR STOCK SPLIT
Novell Inc said the dividend to
effect its previously announced two-for-one stock split will be
distributed April 13.
As stated at the time of the original announcement, the
company said the payment will be made to holders of record
March 31.
|
training/478
|
training/478 |@title four:1 season:1 buy:1 marriott:1 mhs:1 hotel:1 |@word four:2 seasons:1 hotels:1 inc:1 vms:2 realty:2 partner:1 say:3 agree:1 acquire:1 santa:2 barbara:2 biltmore:3 hotel:3 california:1 marriott:1 corp:1 undisclosed:1 term:1 close:1 expect:1 march:1 31:1 add:1 company:1 would:2 jointly:1 rename:1 season:1 spend:1 13:1 mln:1 u:1 dlrs:1 enhance:1 position:1 one:1 fine:1 resort:1 north:1 america:1 chicago:1 base:1 real:1 estate:1 development:1 firm:1
|
FOUR SEASONS BUYING MARRIOTT <MHS> HOTEL
<Four Seasons Hotels Inc> and VMS Realty
Partners said they agreed to acquire the Santa Barbara Biltmore
Hotel in California from Marriott Corp, for undisclosed terms.
Closing was expected by March 31, they added.
The companies said they would jointly own the hotel and
rename it the Four Seasons Biltmore at Santa Barbara. They said
they would spend more than 13 mln U.S. dlrs 'to enhance the
Biltmore's position as one of the finest resort hotels in North
America.' Chicago-based VMS Realty is a real estate and
development firm.
|
training/4780
|
training/4780 |@title nortek:1 inc:1 ntk:1 set:1 quarterly:1 |@word qtly:2 div:2 common:2 2:4 1:2 ct:4 vs:2 prior:1 special:1 one:2 pay:1 may:1 eight:1 record:1 april:1 three:1
|
NORTEK INC <NTK> SETS QUARTERLIES
Qtly div common 2-1/2 cts vs 2-1/2 cts prior
Qtly div special common one ct vs one ct
Pay May Eight
Record April Three
|
training/4781
|
training/4781 |@title dutch:1 port:1 union:1 call:1 general:1 cargo:1 strike:1 |@word dutch:1 port:2 transport:1 union:1 fnv:1 call:1 strike:4 planned:1 redundancy:7 hit:1 rotterdam:1 general:2 cargo:2 sector:3 past:1 eight:1 week:2 leader:1 paul:1 rosenmuller:3 tell:2 mass:1 meeting:2 decision:1 follow:1 yesterday:1 ruling:1 amsterdam:1 court:3 prevent:1 employer:3 continue:2 current:1 plan:2 350:1 year:1 sit:1 may:2 7:2 4:1 000:1 worker:1 today:2 rule:1 make:2 mistake:1 complicated:1 legal:1 procedure:1 obtain:1 official:1 permission:3 therefore:1 could:2 proceed:1 need:1 moment:1 immediate:1 pressure:1 lift:1 say:2 add:1 begin:1 january:1 19:1 protest:1 800:1 1990:1 resume:1 time:1 move:1 apply:2 svz:1 labour:1 relation:1 manager:1 gerrard:1 zeebregts:1 would:1 meet:1 lawyer:1 view:1 next:1 hope:1 gain:1 approval:1 within:1 month:1
|
DUTCH PORT UNION CALLS OFF GENERAL CARGO STRIKES
Dutch port and transport union, FNV,
has called off the strikes against planned redundancies that
have hit Rotterdam port's general cargo sector for the past
eight weeks, strike leader Paul Rosenmuller told a mass
meeting.
The decision followed yesterday's ruling by an Amsterdam
court preventing the sector's employers continuing with current
plans for 350 redundancies this year until the court sits again
on May 7, Rosenmuller told a meeting of the general cargo
sector's 4,000 workers today.
The court ruled the employers had made a mistake in the
complicated legal procedure for obtaining official permission
for the redundancies, and therefore could not proceed.
'There is no need to continue the strikes for the moment now
the immediate pressure of redundancies has been lifted,'
Rosenmuller said.
But he added that the strikes, which began on January 19 in
protest against plans for 800 redundancies by 1990, could
resume at any time before May 7 if the employers made any moves
to re-apply for permission for the redundancies.
SVZ labour relations manager Gerrard Zeebregts said they
would be meeting their lawyers today with a view to re-applying
for this permission next week in the hope of gaining approval
for the redundancies within a month.
|
training/4782
|
training/4782 |@title nova:2 alberta:2 corp:2 4th:2 qtr:2 shr:2 loss:4 15:2 ct:2 vs:2 1:2 09:2 dlrs:2 |@word
|
NOVA AN ALBERTA CORP 4TH QTR SHR LOSS 15 CTS VS LOSS 1.09 DLRS
NOVA AN ALBERTA CORP 4TH QTR SHR LOSS 15 CTS VS LOSS 1.09 DLRS
|
training/4783
|
training/4783 |@title u:1 k:1 money:1 market:1 give:1 furth:1 195:1 mln:1 stg:1 help:1 |@word bank:4 england:1 say:1 provide:1 money:1 market:2 195:1 mln:6 stg:7 assistance:1 afternoon:1 bring:1 total:1 help:1 today:1 841:1 compare:1 liquidity:1 shortage:1 estimate:1 revise:1 one:2 billion:1 buy:2 176:1 band:2 two:2 bill:3 outright:1 10:3 5:1 16:2 pct:3 13:1 3:1 8:2 addition:1 four:1 resale:2 march:1 30:1 april:1 common:1 interest:1 rate:1 7:1
|
U.K. MONEY MARKET GIVEN FURTHER 195 MLN STG HELP
The Bank of England said it provided the
money market with a further 195 mln stg assistance during the
afternoon.
This brings total help today to 841 mln stg compared with a
liquidity shortage it has estimated at a revised one billion
stg.
The Bank bought 176 mln stg of band two bank bills outright
at 10-5/16 pct and 13 mln stg of band one bank bills at 10-3/8
pct. In addition, it bought four mln stg of bills for resale to
the market on March 30 and two mln stg for resale on April 8,
at a common interest rate of 10-7/16 pct.
|
training/4785
|
training/4785 |@title uganda:1 route:1 coffee:1 export:1 kisumu:1 |@word long:1 delay:2 railway:2 crossing:1 kenyan:3 border:2 lead:1 uganda:3 route:2 coffee:6 export:3 ferry:3 link:2 port:3 kisumu:4 across:1 lake:3 victoria:1 ugandan:3 official:2 base:1 kenya:1 say:4 direct:1 rail:3 mombasa:1 conduct:1 70:1 pct:3 external:1 trade:2 chronic:1 shortage:1 wagon:2 custom:1 take:1 less:1 day:1 compare:1 two:1 three:1 malaba:2 cross:1 railways:1 handle:1 10:1 oil:1 go:1 however:1 accident:1 recently:1 damage:1 ply:1 jinja:1 cause:1 bottleneck:1 source:1 marketing:1 board:1 kampala:1 report:1 shipment:2 last:2 january:1 due:1 congestion:1 account:1 95:1 earning:1 november:1 president:1 yoweri:1 museveni:1 order:2 carry:1 avoid:1 high:1 cost:1 road:1 haulage:1
|
UGANDA RE-ROUTES COFFEE EXPORTS THROUGH KISUMU
Long delays at the railway crossing on
the Kenyan border have led Uganda to re-route its coffee
exports through a ferry link with the Kenyan port of Kisumu
across Lake Victoria, Ugandan officials based in Kenya said.
Uganda has a direct rail link with the Kenyan port of
Mombasa through which it conducts 70 pct of its external trade
but there is a chronic shortage of railway wagons, they said.
Customs at Kisumu take less than a day compared with two to
three at the Malaba rail border crossing, a Ugandan Railways
official said. 'Malaba is now handling only 10 pct of the trade
and all the coffee and oil goes through Kisumu,' he said.
However, an accident recently damaged the wagon ferry which
plies between Kisumu and the Ugandan port of Jinja, causing
bottlenecks on the lake route too.
Sources at the Coffee Marketing Board in Kampala reported
delays in coffee export shipments last January due to
congestion on the lake ferries.
Coffee accounts for about 95 pct of Uganda's export
earnings and last November President Yoweri Museveni ordered
all coffee shipments to be carried by rail in order to avoid
the higher costs of road haulage.
|
training/4787
|
training/4787 |@title norway:1 wholesale:1 price:1 rise:1 0:1 5:1 pct:1 february:1 |@word norway:1 wholesale:1 price:1 index:1 base:1 1981:1 rise:2 0:3 5:2 pct:5 february:3 136:1 1:1 7:3 january:2 135:1 central:1 bureau:1 statistics:1 say:1 year:2 increase:1 9:1 compare:1 2:2 1986:1 add:1
|
NORWAY'S WHOLESALE PRICES RISE 0.5 PCT IN FEBRUARY
Norway's wholesale price index (base 1981)
rose 0.5 pct in February to 136.0 after a 1.7 pct rise in
January to 135.0, the Central Bureau of Statistics said.
The year on year increase for February was 7.9 pct compared
with 5.7 pct in January and 2.2 pct in February 1986, it added.
|
training/4788
|
training/4788 |@title healthco:1 international:1 inc:1 hlco:1 4th:1 qtr:1 net:1 |@word oper:6 shr:4 51:1 ct:4 vs:12 43:2 dilute:4 47:1 net:5 3:1 182:1 000:6 2:2 462:1 revs:2 101:1 7:2 mln:6 87:1 0:2 avg:4 shrs:4 6:3 246:1 664:1 5:5 671:2 607:2 501:1 209:1 year:2 1:5 84:1 dlrs:7 48:2 76:1 11:1 8:2 312:1 349:1 307:1 238:1 720:1 616:2 019:2 969:1 389:1 note:1 1986:3 period:2 exclude:2 charge:2 205:1 distribution:1 system:1 restructuring:1 cost:1 440:1 dlr:1 debt:1 retirement:1 gain:2 12:1 sale:1 hpsc:2 inc:1 stock:1 include:1 768:1 reversal:1 investment:1 tax:1 credit:1
|
HEALTHCO INTERNATIONAL INC <HLCO> 4TH QTR NET
Oper shr 51 cts vs 43 cts
Oper shr diluted 47 cts vs 43 cts
Oper net 3,182,000 vs 2,462,000
Revs 101.7 mln vs 87.0 mln
Avg shrs 6,246,664 vs 5,671,607
Avg shrs diluted 7,501,209 vs 5,671,607
Year
Oper shr 1.84 dlrs vs 1.48 dlrs
Oper shr diluted 1.76 dlrs vs 1.48 dlrs
Oper net 11.5 mln vs 8,312,000
Revs 349.2 mln vs 307.0 mln
Avg shrs 6,238,720 vs 5,616,019
Avg shrs diluted 6,969,389 vs 5,616,019
NOTE: 1986 net both periods excludes charge 1,205,000 dlrs
from distribution system restructuring costs.
1986 year net excludes 440,000 dlr debt retirement gain and
gain 12.8 mln dlrs from sale of HPSC Inc <HPSC> stock.
1986 net both periods includes charge 768,000 dlrs from
reversal of investment tax credits.
|
training/4791
|
training/4791 |@title wilfred:1 american:1 educational:1 corp:1 wae:1 4th:1 qtr:1 |@word shr:2 two:1 ct:4 vs:6 36:1 net:4 182:1 000:6 3:1 433:1 revs:2 20:1 1:1 mln:4 21:1 4:2 year:1 71:1 98:1 6:1 706:1 9:1 275:1 85:1 7:1 75:1 note:1 1985:1 period:1 include:2 gain:1 743:1 dlrs:2 cancellation:1 debt:1 1986:1 quarter:1 reversal:1 216:1 investment:1 tax:1 credit:1
|
WILFRED AMERICAN EDUCATIONAL CORP <WAE> 4TH QTR
Shr two cts vs 36 cts
Net 182,000 vs 3,433,000
Revs 20.1 mln vs 21.4 mln
Year
Shr 71 cts vs 98 cts
Net 6,706,000 vs 9,275,000
Revs 85.7 mln vs 75.4 mln
NOTE: 1985 net both periods includes gain 743,000 dlrs from
cancellation of debt.
1986 quarter net includes reversal of 216,000 dlrs in
investment tax credits.
|
training/4792
|
training/4792 |@title al:1 laboratories:1 inc:1 bmd:1 4th:1 qtr:1 net:1 |@word shr:2 10:1 ct:4 vs:6 14:1 net:4 913:1 000:4 1:1 273:1 revs:2 37:1 7:2 mln:4 24:1 12:1 mth:1 61:1 60:1 5:2 529:1 448:1 123:1 6:1 96:1 8:1 note:1 qtr:1 yr:1 1986:4 1985:2 adjust:1 reflect:1 retroactive:1 effect:1 three:1 two:1 stock:1 split:1 distribute:1 shareholder:1 july:1 august:1 include:1 result:1 operation:1 parme:1 pharmaceuticals:1 inc:1 acquire:1 may:1 29:1
|
AL LABORATORIES INC <BMD> 4TH QTR NET
Shr 10 cts vs 14 cts
Net 913,000 vs 1,273,000
Revs 37.7 mln vs 24.7 mln
12 mths
Shr 61 cts vs 60 cts
Net 5,529,000 vs 5,448,000
Revs 123.6 mln vs 96.8 mln
NOTE: net for qtr and yr 1986 and 1985 adjusted to reflect
retroactive effect of three-for-two stock splits distributed to
shareholders in July 1986 and August 1985.
1986 net includes results of operations of Parmed
Pharmaceuticals Inc, acquired May 29, 1986.
|
training/4794
|
training/4794 |@title nu:1 med:1 inc:1 nums:1 3rd:1 qtr:1 jan:1 31:1 net:1 |@word shr:2 26:1 ct:4 vs:8 10:3 net:3 2:1 867:1 000:5 1:3 208:1 revs:2 100:1 0:2 mln:6 85:1 avg:2 shrs:2 4:3 9:2 791:1 671:1 nine:1 mth:1 57:1 34:1 6:1 327:1 3:1 951:1 284:1 225:1 831:1 097:1 current:1 year:1 period:1 include:1 gain:1 755:1 dlrs:1 change:1 inestimation:1 useful:1 life:1 use:1 depreciation:1 property:1 equipment:1
|
NU-MED INC <NUMS> 3RD QTR JAN 31 NET
Shr 26 cts vs 10 cts
Net 2,867,000 vs 1,208,000
Revs 100.0 mln vs 85.0 mln
Avg shrs 10.4 mln vs 9,791,671
Nine mths
Shr 57 cts vs 34 cts
Net 6,327,000 vs 3,951,000
Revs 284.4 mln vs 225.4 mln
Avg shrs 10.1 mln vs 9,831,097
Current year net both periods includes gain 1,755,000 dlrs
from change inestimation of useful lives used in depreciation
of property and equipment.
|
training/4795
|
training/4795 |@title alusuisse:1 plan:1 50:1 pct:1 capital:1 cut:1 |@word schweizerische:1 aluminium:1 ag:1 alusuisse:2 plan:1 reduce:2 share:3 participation:1 certificate:1 capital:3 50:3 pct:3 cover:1 loss:4 1986:3 carry:2 forward:1 previous:2 year:2 chief:1 executive:1 hans:1 jucker:3 say:4 tell:1 news:1 conference:1 great:1 drain:1 financial:1 resource:1 stop:1 extraordinary:1 charge:1 net:1 688:1 mln:3 franc:2 slightly:1 756:1 1985:1 make:1 necessary:1 however:1 company:2 improve:1 liquidity:1 recovery:1 cash:1 flow:1 conversion:1 300:1 swiss:1 credit:1 subordinated:1 loan:1 trading:2 suspend:1 zurich:1 stock:1 exchange:1 today:1 announcement:1 would:2 cut:1 bourse:1 resume:1 monday:1
|
ALUSUISSE PLANS 50 PCT CAPITAL CUT
Schweizerische Aluminium AG, Alusuisse,
plans to reduce share and participation certificate capital by
50 pct to cover losses in 1986 and those carried forward from
the previous year, chief executive Hans Jucker said.
Jucker told a news conference that the greatest drain on
its financial resources had been stopped, but after
extraordinary charges the net loss of 688 mln francs in 1986
was only slightly under the 756 mln loss of the previous year.
The losses in 1986 and those carried over from 1985 made it
necessary to reduce capital by 50 pct, he said.
However, Jucker said the company improved liquidity through
a recovery in cash flow and conversion of 300 mln Swiss francs
of credit into a subordinated loan.
Trading in Alusuisse shares was suspended on the Zurich
stock exchange after today's announcement by the company that
it would cut its share capital by 50 pct, the bourse said.
Trading would resume again on Monday.
|
training/4796
|
training/4796 |@title davis:1 water:1 dwws:1 release:1 pre:1 split:1 earning:1 |@word davis:2 water:1 waste:1 industries:1 inc:1 say:3 restate:1 earning:3 pre:3 stock:2 split:6 basis:3 fiscal:3 1987:2 third:3 quarter:3 nine:2 month:2 end:1 january:1 31:1 report:1 march:1 10:1 post:3 four:1 three:2 company:1 per:2 share:2 convert:2 16:1 ct:8 12:1 versus:1 two:1 1986:2 would:1 77:1 44:1 respectively:2 58:1 33:1
|
DAVIS WATER <DWWS> RELEASES PRE-SPLIT EARNINGS
Davis Water and Waste
Industries Inc said it has restated its earnings on a pre-
stock split basis for fiscal 1987's third quarter and nine
months ended January 31, which were reported March 10 on a post
four-for-three stock split basis.
The company said its earnings per share for the third
quarter on a pre-split basis, converts to 16 cts from 12 cts
post-split, versus three cts pre-split from two cts post-split
for fiscal 1986's third quarter.
For the nine months, Davis said, earnings per share would
convert to 77 cts and 44 cts for fiscal 1987 and 1986
respectively, from 58 cts and 33 cts, respectively.
|
training/4797
|
training/4797 |@title nova:1 alberta:1 corp:1 4th:1 qtr:1 loss:1 |@word shr:2 loss:6 15:1 ct:2 vs:7 1:4 09:1 dlrs:2 net:2 19:1 3:2 mln:8 139:1 6:2 revs:2 611:1 7:2 868:1 year:1 profit:2 12:1 31:1 16:1 167:1 9:1 2:1 68:1 billion:2 35:1 avg:1 shrs:1 134:1 128:1
|
<NOVA AN ALBERTA CORP> 4TH QTR LOSS
Shr loss 15 cts vs loss 1.09 dlrs
Net loss 19.3 mln vs loss 139.6 mln
Revs 611.7 mln vs 868.6 mln
Year
Shr profit 12 cts vs loss 1.31 dlrs
Net profit 16.1 mln vs loss 167.9 mln
Revs 2.68 billion vs 3.35 billion
Avg shrs 134.7 mln vs 128.1 mln
|
training/4798
|
training/4798 |@title eld:1 beerman:1 eldr:1 get:1 offer:1 30:1 dlrs:1 share:1 |@word eld:1 beerman:2 stores:1 corp:1 say:3 owner:1 70:2 pct:3 stock:3 offer:2 take:1 company:3 private:1 offerre:1 30:2 dlrs:1 per:1 share:1 remain:1 proposal:1 consider:1 regularly:1 schedule:1 board:2 meeting:1 march:1 17:1 make:1 member:2 family:1 hold:1 chairman:1 max:1 gutmann:1 certain:1
|
ELDER-BEERMAN <ELDR> GETS OFFER OF 30 DLRS/SHARE
Elder-Beerman Stores Corp said
owners of about 70 pct of its stock have offered to take the
company private by offerring 30 dlrs per share for the
remaining 30 pct of its stock.
The company said the proposal will be considered at a
regularly scheduled board meeting on March 17.
It said the offer was made by members of the Beerman family
holding about 70 pct of the company's stock, Chairman Max
Gutmann, and certain members of the board.
|
training/48
|
training/48 |@title n:1 z:1 official:1 foreign:1 reserve:1 fall:1 january:1 |@word new:1 zealand:1 official:1 foreign:1 reserve:2 fall:1 7:2 15:1 billion:3 n:1 z:1 dlrs:2 january:1 20:1 december:1 compare:1 3:1 03:1 year:1 ago:1 period:1 bank:1 say:1 weekly:1 statistical:1 bulletin:1
|
N.Z. OFFICIAL FOREIGN RESERVES FALL IN JANUARY
New Zealand's official foreign
reserves fell to 7.15 billion N.Z. Dlrs in January from 7.20
billion dlrs in December and compared with 3.03 billion a year
ago period, the Reserve Bank said in its weekly statistical
bulletin.
|
training/480
|
training/480 |@title stone:1 sto:1 split:1 stock:1 raise:1 payout:1 |@word stone:1 container:1 corp:1 say:1 split:3 common:1 stock:2 2:1 1:2 increase:2 dividend:2 33:1 3:1 pct:1 20:1 ct:3 share:3 five:1 prior:1 15:1 pre:1 payable:2 june:2 12:2 holder:2 record:2 may:2 22:2 also:1
|
STONE <STO> SPLITS STOCK, RAISES PAYOUT
Stone Container Corp said it is
splitting its common stock 2-for-1 and increasing its dividend
33-1/3 pct.
The dividend of 20 cts a share, an increase of five cts
over the prior 15 cts a share on pre-split shares, is payable
June 12 to holders of record May 22.
The stock split also is payable June 12 to holders of
record May 22.
|
training/4801
|
training/4801 |@title echlin:1 inc:1 ech:1 dividend:1 increase:1 12:1 pct:1 |@word qtly:1 div:1 14:1 ct:2 vs:1 12:1 5:1 prior:1 qtr:1 payable:1 april:2 18:1 record:1 two:1
|
ECHLIN INC <ECH> DIVIDEND INCREASED 12 PCT
Qtly div 14 cts vs 12.5 cts in prior qtr
Payable April 18
Record April two
|
training/4803
|
training/4803 |@title national:1 entertainment:1 corp:1 nent:1 3rd:1 qtr:1 net:1 |@word jan:1 31:1 end:1 shr:2 six:1 ct:4 vs:6 eight:2 net:3 177:1 000:9 252:1 revs:1 3:1 209:1 1:1 070:1 nine:1 mth:1 12:1 365:1 247:1 rev:1 7:1 156:1 2:1 960:1 note:1 prior:1 year:1 period:1 include:1 91:1 dlr:1 tax:1 credit:1
|
NATIONAL ENTERTAINMENT CORP <NENT> 3RD QTR NET
Jan 31 end
Shr six cts vs eight cts
Net 177,000 vs 252,000
Revs 3,209,000 vs 1,070,000
Nine mths
Shr 12 cts vs eight cts
Net 365,000 vs 247,000
Revs 7,156,000 vs 2,960,000
NOTE: Prior year net both periods includes 91,000 dlr tax
credit.
|
training/4804
|
training/4804 |@title national:1 entertainment:1 nent:1 reverse:1 split:1 set:1 |@word national:1 entertainment:1 corp:2 say:3 shareholdersapprove:1 one:1 25:1 reverse:1 stock:1 split:1 name:1 change:1 major:2 video:2 effective:1 march:1 16:1 new:1 ticker:1 symbol:1 majv:1 company:2 also:1 expect:1 add:1 nine:1 franchise:1 store:1 next:1 60:1 day:1 operate:1 64:1
|
NATIONAL ENTERTAINMENT <NENT> REVERSE SPLIT SET
National Entertainment Corp
said shareholdersapproved a one-for-25 reverse stock split and
a name change to Major Video Corp, both effective March 16.
It said its new ticker symbol will be <MAJV>.
The company also said it expects to add nine company-owned
and franchised Major Video stores in the next 60 days. It now
operates 64.
|
training/4805
|
training/4805 |@title pembina:1 resources:1 ltd:1 year:1 net:1 |@word shr:1 48:1 ct:2 vs:3 81:1 net:1 3:2 986:1 000:2 6:1 760:1 revs:1 77:1 mln:2 40:1 5:1
|
<PEMBINA RESOURCES LTD> YEAR NET
Shr 48 cts vs 81 cts
Net 3,986,000 vs 6,760,000
Revs 77.3 mln vs 40.5 mln
|
training/4806
|
training/4806 |@title computer:1 memories:1 cmin:1 set:1 film:1 firm:1 merger:1 |@word computer:4 memories:2 inc:1 end:1 disk:1 drive:1 operation:1 june:1 1986:1 agree:2 acquire:2 hemdale:5 film:2 corp:3 transaction:2 give:1 owner:2 control:1 result:2 company:4 memorie:1 principal:1 asset:1 29:1 4:1 mln:1 dlrs:2 cash:2 equivalent:1 exchange:1 newly:1 issue:2 share:4 equal:1 80:1 pct:1 aggregate:1 john:1 daly:1 would:2 become:1 chief:1 executive:1 officer:1 combine:1 rename:1 say:3 propose:1 subject:1 certain:1 corporate:1 review:1 approval:1 shareholder:1 hold:2 special:1 meeting:1 soon:1 practicable:1 11:1 109:1 190:1 outstanding:1 1:1 734:1 000:1 intel:1 intc:1 anticipate:1 fintel:1 purchase:1 2:1 75:1 connection:1 merger:1 memory:1
|
COMPUTER MEMORIES <CMIN> SETS FILM FIRM MERGER
Computer Memories Inc, which ended
its disk drive operations in June 1986, agreed to acquire
<Hemdale Film Corp> in a transaction which will give Hemdale's
owner control of the resulting company.
Computer Memories' principal asset is about 29.4 mln dlrs
in cash and cash equivalents. It has agreed to exchange newly
issued shares equaling 80 pct of the aggregate issued to
acquire Hemdale. That company's owner, John Daly, would then
become chief executive officer of the combined company which
would be renamed Hemdale Film Corp.
Computer Memories said the proposed transaction is subject
to the results of certain corporate reviews and approval of its
shareholders, who will hold a special meeting as soon as
practicable.
The company said it has 11,109,190 shares outstanding, of
which about 1,734,000 are held by Intel Corp <INTC>. It is
anticipated the FIntel shares will be purchased for 2.75 dlrs a
share in connection with the merger with Hemdale, Computer
Memories said.
|
training/4807
|
training/4807 |@title klm:2 seek:1 stake:1 british:1 courier:1 service:1 |@word royal:1 dutch:2 airlines:1 klm:3 say:1 negotiate:1 minority:1 stake:3 british:3 commonwealth:3 shipping:1 plc:1 bcom:1 l:1 courier:2 service:2 transaction:1 may:1 include:1 convertible:1 loan:1 issue:1 already:1 active:1 fast:1 grow:1 door:2 delivery:1 market:1 50:1 pct:2 seek:1 buy:1 one:1 third:1 iml:1 air:2 services:1 group:1 ltd:2 two:2 company:1 agree:1 earlier:1 month:1 take:1 15:1 commuter:1 airline:1 u:1 k:1 deal:1 worth:1 around:1 mln:1 stg:1
|
KLM SEEKS STAKE IN BRITISH COURIER SERVICE
KLM Royal Dutch Airlines <KLM.AS>
said it is negotiating for a minority stake in a British and
Commonwealth Shipping Plc <BCOM.L> courier service in a
transaction which might include a convertible loan issue.
KLM, already active in the fast growing door-to-door
delivery market through a 50-pct stake in a Dutch courier
service, is seeking to buy one-third of <IML Air Services Group
Ltd> from British and Commonwealth.
The two companies agreed earlier this month for KLM to take
a 15-pct stake in British and Commonwealth commuter airline Air
U.K. Ltd in a deal worth around two mln stg.
|
training/4809
|
training/4809 |@title economic:1 spotlight:1 ems:1 mark:1 eighth:1 birthday:1 |@word european:5 monetary:4 system:10 mark:5 eighth:1 anniversary:1 still:2 vulnerable:1 turmoil:1 world:3 money:1 market:1 despite:1 create:1 island:1 currency:9 rate:3 stability:1 europe:2 economist:7 say:8 many:1 hold:2 eight:1 community:2 within:2 narrow:1 fluctuation:1 band:1 remain:1 infancy:1 new:1 unit:1 ecu:3 runaway:1 success:2 investor:3 borrower:1 alike:1 seek:1 alternative:1 volatile:1 dollar:6 wednesday:1 long:1 term:1 vision:1 common:2 take:3 step:2 nearer:1 become:1 reality:1 belgium:2 mint:1 first:1 coin:1 member:2 west:4 germany:2 far:1 block:1 second:1 stage:1 development:2 envisage:1 found:1 father:1 ex:1 german:2 chancellor:1 helmut:1 schmidt:1 former:1 french:2 president:1 valery:1 giscard:1 estaing:1 phase:1 originally:1 due:3 start:1 two:3 year:2 ems:7 set:2 decision:2 making:1 transfer:1 national:1 government:3 central:2 bank:2 autonomous:1 fund:1 jealously:1 guard:1 sovereignty:1 economic:2 matter:1 basic:1 problem:1 prepared:1 make:1 quantum:1 leap:1 situation:1 certain:1 one:1 closely:1 watch:1 result:2 ec:3 often:1 divide:1 policy:1 third:1 accentuate:1 great:1 weakness:2 vulnerability:1 weak:1 past:1 18:1 month:4 u:1 plunge:1 move:1 strong:1 sharp:1 rise:3 severely:1 strain:2 soar:1 also:1 currencie:1 less:1 favour:1 international:1 last:3 refuse:1 give:1 pressure:1 several:1 partner:1 united:1 states:1 cut:1 interest:1 slow:1 realign:1 twice:1 ease:1 financial:1 trade:1 ago:1 dutch:1 guilder:1 revalue:1 three:1 pct:2 belgian:1 luxembourg:1 franc:2 italian:1 lira:1 irish:1 punt:1 danish:1 crown:1 another:1 frustration:1 britain:1 failure:1 lend:1 political:1 support:1 keep:1 pound:1 major:2 outside:1 change:2 british:1 attitude:1 expect:1 country:1 next:2 general:1 election:1 mid:1 1988:1 meanwhile:1 realignment:1 11th:1 since:1 prompt:1 finance:2 minister:2 ask:1 highly:1 secretive:1 committee:2 governor:1 come:1 suggestion:1 reinforce:1 idea:1 unveil:1 informal:1 meeting:1 early:1 proposal:1 unlikely:1 involve:1 tinker:1 technical:2 detail:1 sceptical:1 chance:1 fundamental:1 measure:1 win:1 enough:1 protect:1 external:1 factor:1 must:1 forward:1 institutional:1 level:1 leo:1 de:1 corel:1 kredietbank:1 research:1 department:1 fortune:1 depend:1 largely:1 agreement:1 among:1 industrial:1 nation:1 stabilise:1 exchange:1 resume:1 slide:1 could:1 turbulence:1 predict:1
|
ECONOMIC SPOTLIGHT - EMS MARKS EIGHTH BIRTHDAY
The European Monetary System marks its
eighth anniversary still vulnerable to turmoil in world money
markets despite creating an island of currency rate stability
in Europe, economists say. But many economists say the system,
which holds eight European Community currencies within narrow
fluctuation bands, remains in its infancy.
Its new currency, the European Currency Unit (Ecu), has
been a runaway success with investors and borrowers alike
seeking an alternative to the volatile dollar.
And on Wednesday, the long term vision of the Ecu as
Europe's common currency took a step nearer to becoming reality
when Belgium minted the world's first Ecu coin.
But economists say members such as West Germany have so far
blocked a second stage of development envisaged by the system's
founding fathers, ex-West German Chancellor Helmut Schmidt and
former French President Valery Giscard d'Estaing.
Under this phase, originally due to have started two years
after the EMS was set up, decision-making was to have been
transferred from national governments and central banks to an
autonomous European Monetary Fund.
But members have jealously guarded their sovereignty in
economic and monetary matters. 'The basic problem of the EMS is
that governments are not prepared to make the quantum leap to a
situation where certain decisions are taken in common,' said one
economist who has closely watched the system's development.
The result is that the EC is often divided over policy on
third currencies, accentuating what the economists say is the
system's greatest weakness, its vulnerability to a weak dollar.
Over the past 18 months, as the U.S. Dollar plunged and
investors moved into strong currencies, the resulting sharp
rise of the West German mark severely strained the system. MORE
As the mark soared against the dollar, it also rose against
EMS currencies less favoured by international investors. And as
West Germany last year refused to give in pressure from several
EC partners and the United States to cut interest rates to slow
the mark's rise, the EMS had to be realigned twice to ease
financial and trade strains within the community.
Two months ago the mark and the Dutch guilder were revalued
by three pct and the Belgian and Luxembourg francs by two pct
against other currencies in the system -- the French franc,
Italian lira, the Irish punt and Danish crown.
Another frustration has been Britain's failure to lend the
EMS political support by keeping the pound, still a major world
currency, outside the system.
No change in the British government's attitude is expected
before the country's next general elections, due by mid-1988.
Meanwhile, the system's last realignment, the 11th since it
was set up, prompted European finance ministers to ask the EC's
highly-secretive Monetary Committee and Committee of Central
Bank Governors to come up with suggestions for reinforcing it.
Their ideas are due to be unveiled when finance ministers
hold an informal meeting in Belgium early next month.
But economists said the proposals are unlikely to involve
more than tinkering with technical details. They are sceptical
about the chances for any fundamental change.
'Technical measures won't be enough to protect the EMS
against external factors such as dollar weakness. For that we
must take the step forward to the institutional level,' said Leo
de Corel of Kredietbank's economic research department.
Economists say the system's fortunes now will depend
largely on the success of an agreement last month among major
industrial nations to stabilise exchange rates. If the dollar
resumes its slide the EMS could be in for more turbulence, they
predict.
|
training/4810
|
training/4810 |@title general:1 mills:1 gis:1 see:1 strong:1 4th:1 qtr:1 result:1 |@word general:3 mills:1 inc:1 report:3 strong:3 result:1 third:3 quarter:5 end:2 february:1 22:1 say:6 expect:3 momentum:1 continue:2 fourth:1 company:2 earning:2 per:1 share:4 growth:2 record:1 return:2 equity:2 fiscal:1 1987:1 achieve:1 despite:1 non:2 operating:2 charge:2 final:1 mill:2 likely:1 offset:1 gain:2 include:1 six:1 ct:3 first:1 half:1 average:1 31:2 6:1 pct:2 major:1 factor:1 contribute:1 improvement:1 11:1 unit:1 volume:1 consumer:1 food:1 good:1 profit:1 red:1 lobster:1 usa:1 performance:1 specialty:1 retail:1 quarterly:1 56:1 9:1 mln:2 dlrs:4 64:1 46:1 4:1 52:1 year:2 ago:2 sale:1 rise:1 1:2 billion:2 13:1 datum:1 reflect:1 two:1 one:1 common:1 stock:1 split:1
|
GENERAL MILLS<GIS> SEES STRONG 4TH QTR RESULTS
General Mills Inc, reporting
stronger results for the third quarter ended February 22, said
it expects the momentum to continue in the fourth quarter.
The company said it expects to report 'strong earnings per
share growth and a record return on equity in fiscal 1987.' It
said this should be achieved despite expected non-operating
charges in the final quarter.
General Mills said these charges will likely offset
non-operating gains, which included six cts a share in the
first half.
General Mills said at the end of the third quarter, its
return on average equity was 31.6 pct.
It said major factors contributing to the third quarter
improvement were an 11 pct gain in unit volume by Consumer
Foods, continuing good profit growth at Red Lobster USA and
strong performance in Specialty Retailing.
The company reported quarterly earnings of 56.9 mln dlrs,
or 64 cts a share, up from 46.4 mln dlrs, or 52 cts a share a
year ago. Sales rose to 1.31 billion dlrs from 1.13 billion
dlrs. Year-ago data reflect a two-for-one common stock split.
|
training/4812
|
training/4812 |@title packaging:1 system:1 pak:1 buy:1 label:1 firm:1 |@word packaging:1 systems:1 corp:1 say:1 agree:1 acquire:1 walter:1 richter:1 labels:1 inc:1 privately:1 hold:1 maker:1 weave:1 label:1 base:1 paterson:1 n:1 j:1 term:1 acquisition:1 expect:1 complete:1 within:1 60:1 day:1 disclose:1
|
PACKAGING SYSTEMS <PAKS> TO BUY LABEL FIRM
Packaging Systems Corp said
it agreed to acquire <Walter-Richter Labels Inc>, a privately
held maker of woven labels based in Paterson, N.J.
Terms of the acquisition, which is expected to be completed
within 60 days, were not disclosed.
|
training/4814
|
training/4814 |@title manufactured:1 homes:1 inc:1 mnh:1 year:1 net:1 |@word shr:1 53:1 ct:2 vs:3 85:1 net:3 2:1 033:1 425:1 3:2 718:1 325:1 revs:1 120:1 6:1 mln:2 79:1 5:1 note:1 1986:1 include:2 300:1 000:1 dlr:1 provision:1 credit:1 loss:1 1985:1 charge:1 504:1 571:1 dlrs:1 cumulative:1 effect:1 account:1 change:1
|
MANUFACTURED HOMES INC <MNH> YEAR NET
Shr 53 cts vs 85 cts
Net 2,033,425 vs 3,718,325
Revs 120.6 mln vs 79.5 mln
NOTE: 1986 net includes 3,300,000 dlr provision for credit
loss.
1985 net includes charge 504,571 dlrs from cumulative
effect of accounting change.
|
training/4816
|
training/4816 |@title haiti:1 announce:1 find:1 ore:1 rich:1 gold:1 field:1 |@word ministry:2 mines:1 announce:1 discovery:1 major:1 gold:6 field:1 grand:3 bois:3 haiti:1 mineral:1 rich:1 north:1 press:1 conference:1 yesterday:1 spokesman:3 report:1 deposit:2 contain:3 estimate:2 44:1 mln:2 ton:2 ore:1 capable:1 7:1 666:1 gram:1 give:1 think:1 find:1 discover:1 wednesday:1 worth:1 however:1 mining:1 could:1 begin:1 foreign:1 partner:1 invest:1 eight:1 dlrs:1 need:1 technical:1 equipment:1 say:2 haitian:1 government:1 never:1 operate:2 mine:5 united:1 nations:1 recently:1 complete:1 three:1 year:2 feasibility:1 study:1 list:1 morne:1 bossa:1 site:1 important:1 1971:1 sedren:2 copper:2 gonaive:1 canadian:1 firm:1 close:1 concentrate:1 well:1 new:1 represent:1 large:1 amount:1 money:2 former:1 official:2 like:1 everything:1 else:1 catch:1 extract:1 first:1 someone:1 come:1 finance:1 operation:1 ask:1 name:1 tell:1 reuters:1
|
HAITI ANNOUNCES FIND OF ORE-RICH GOLD FIELD
The Ministry of Mines
has announced the discovery of a major gold field in Grand Bois
in Haiti's mineral-rich North.
At a press conference yesterday, a Ministry spokesman
reported the deposit contained an estimated 44 mln tons of ore,
with each ton capable of containing 7,666 grams of gold. The
spokesman gave no estimate of what he thought the find,
discovered on Wednesday, was worth.
However, mining could only begin after foreign partners
invest eight mln dlrs needed for technical equipment, the
spokesman said.
The Haitian government has never before operated a gold
mine, but the United Nations has recently completed a three
year feasibility study which lists Grand Bois and Morne Bossa
as sites of important gold deposits.
In 1971, the Sedren copper mine in Gonaives, operated by a
Canadian firm, closed down after years of mining a concentrate
containing gold as well as copper.
'The new Grand Bois mine represents large amounts of money,'
said a former official of Sedren Mine.
'But like everything else there's a catch. The gold has to
be extracted, and first someone has to come up with the money
to finance the operation,' the official, who asked not to be
named, told Reuters.
|
training/4818
|
training/4818 |@title holiday:1 corp:1 hia:1 comsat:1 cq:1 close:1 sale:1 |@word holiday:4 corp:2 communications:1 satellite:2 say:2 close:1 previously:1 announce:1 sale:1 comsat:2 50:2 pct:1 interest:1 hi:2 net:2 communication:1 joint:1 venture:2 provide:2 room:1 video:1 entertainment:1 hotel:2 term:1 deal:1 pay:1 25:1 mln:2 dlrs:2 cash:1 assume:1 half:1 outstanding:1 debt:1 company:1 add:1 continue:1 programming:1
|
HOLIDAY CORP <HIA>, COMSAT <CQ> CLOSE SALE
Holiday Corp and Communications
Satellite Corp said they closed the previously announced sale
to Comsat of Holiday's 50 pct interest in Hi-Net
Communications, their joint venture that provides in-room video
entertainment to hotels by satellite.
Under terms of the deal, Comsat paid Holiday 25 mln dlrs in
cash and assumed half of the venture's 50 mln dlrs of
outstanding debt, the company's said.
Hi-Net, they added, will continue to provide programming to
Holiday's hotels.
|
training/4819
|
training/4819 |@title consumers:1 financial:1 corp:1 cfin:1 1986:1 net:1 |@word shr:1 61:1 ct:5 vs:3 42:1 net:2 6:2 247:1 000:2 5:1 587:1 rev:1 65:1 4:1 mln:2 53:1 note:1 1986:1 include:1 investment:1 gain:2 25:1 share:3 versus:1 six:1 1985:1 extraordinary:1 seven:1
|
CONSUMERS FINANCIAL CORP <CFIN> 1986 NET
Shr 61 cts vs 42 cts
Net 6,247,000 vs 5,587,000
Rev 65.4 mln vs 53.6 mln
NOTE: 1986 net includes investment gains of 25 cts a share,
versus six cts a share for 1985, and extraordinary gain of
seven cts a share.
|
training/4820
|
training/4820 |@title chicago:1 rivet:1 machine:1 co:1 cvr:1 4th:1 qtr:1 net:1 |@word shr:2 21:1 ct:2 vs:6 60:1 net:2 156:1 576:1 443:1 404:1 sale:2 5:2 309:1 519:1 381:1 264:1 year:1 1:3 06:1 dlrs:2 55:1 788:1 220:1 151:1 330:1 22:1 3:1 mln:2 23:1 6:1
|
CHICAGO RIVET AND MACHINE CO <CVR> 4TH QTR NET
Shr 21 cts vs 60 cts
Net 156,576 vs 443,404
Sales 5,309,519 vs 5,381,264
Year
Shr 1.06 dlrs vs 1.55 dlrs
Net 788,220 vs 1,151,330
Sales 22.3 mln vs 23.6 mln
|
training/4821
|
training/4821 |@title filtertek:1 inc:1 ftk:1 set:1 quarterly:1 |@word qtly:1 div:1 11:2 ct:2 vs:1 prior:1 pay:1 may:2 15:1 record:1 one:1
|
FILTERTEK INC <FTK> SETS QUARTERLY
Qtly div 11 cts vs 11 cts prior
Pay May 15
Record May One
|
training/4822
|
training/4822 |@title uk:1 money:1 market:1 give:1 late:1 help:1 185:1 mln:1 stg:1 |@word bank:3 england:1 say:2 give:1 money:1 market:1 late:1 unspecified:1 assistance:1 around:3 185:1 mln:1 stg:3 take:1 total:1 liquidity:1 inject:1 system:1 today:2 1:3 026:1 billion:2 compare:2 shortage:1 estimate:1 one:1 overnight:1 interbank:1 sterling:1 dip:1 10:2 nine:1 pct:3 announcement:1 level:1 2:1 shortly:1 11:2 4:1 initially:1 dealer:1
|
UK MONEY MARKET GIVEN LATE HELP OF 185 MLN STG
The Bank of England said it gave the
money market late, unspecified assistance of around 185 mln
stg.
This takes the total liquidity injected into the system by
the bank today to 1.026 billion stg compared with a shortage it
estimated at around one billion stg.
Overnight interbank sterling dipped to 10 nine pct after
the bank's announcement compared with levels around 10-1/2 pct
shortly before and 11-1/4 11 pct initially today, dealers said.
|
training/4824
|
training/4824 |@title new:1 rubber:1 pact:1 appear:1 balance:1 |@word negotiation:2 new:1 international:2 natural:2 rubber:2 agreement:3 inra:2 approach:1 make:1 break:1 point:1 prospect:1 future:1 pact:2 appear:2 balance:1 delegate:4 say:7 manaspas:1 xuto:4 thailand:1 chairman:1 renegotiation:1 conference:1 hold:2 consultation:1 small:1 group:1 producer:3 consumer:5 try:1 resolve:1 major:1 outstanding:1 issue:3 talk:2 begin:1 monday:1 settle:2 end:1 first:1 week:2 allow:1 time:1 draft:1 second:1 due:1 last:2 march:1 20:1 nothing:1 concrete:1 yet:1 atmosphere:1 good:1 discussion:1 expect:1 continue:1 late:1 night:1 may:5 weekend:1 meeting:1 focus:1 degree:1 price:12 adjustment:4 automatic:2 present:2 market:1 reference:3 set:2 201:1 66:1 malaysian:2 singapore:2 cents:1 kilo:1 current:2 six:1 month:2 revise:1 five:2 pct:2 amount:1 decide:1 organisation:1 council:2 ask:1 circumstance:2 want:1 word:1 resist:1 reduce:1 role:1 procedure:1 seem:1 optimism:1 another:2 floor:3 consider:2 drop:1 insistence:1 downward:1 call:1 low:1 indicative:2 certain:1 mean:1 possible:1 compromise:1 would:1 centre:1 buy:2 sell:2 must:2 level:1 without:1 change:1 lower:1 150:1 cent:1 exchange:1 flexibility:1 question:1 agree:1 proposal:1 frequent:1 review:1 12:1 interval:1 instead:1 18:1
|
NEW RUBBER PACT APPEARS IN THE BALANCE
Negotiations on a new International
Natural Rubber Agreement, INRA, are approaching the
make-or-break point and prospects for a future pact appear to
be in the balance, delegates said.
Manaspas Xuto of Thailand, chairman of the INRA
renegotiation conference, is holding consultations with a small
group of producers and consumers to try to resolve major
outstanding issues. When the talks began on Monday Xuto said
those issues should be settled by the end of the first week to
allow time to draft an agreement during the second week.
The talks are due to last until March 20.
Xuto said, 'There is nothing concrete yet, but the
atmosphere is good.' The discussions are expected to continue
late into the night, and Xuto said he may hold weekend
meetings.
Delegates said negotiations now focus on the degree to
which price adjustments should be automatic.
At present, if the market price has been above or below the
reference price (set at 201.66 Malaysian/Singapore cents a kilo
in the current agreement) for six months, the reference price
is revised by five pct or by an amount decided by the
International Natural Rubber Organisation council.
Consumers are asking that, in these circumstances, the
adjustment be automatic at five pct or more.
Producers want the council to have the last word and have
resisted reducing its role in the price adjustment procedure.
Delegates said there seems to be optimism about settling
another issue -- that of the floor price.
It now appears that consumers may consider dropping their
insistence of a downward adjustment of the floor price, called
the 'lower indicative price,' under certain circumstances.
This means that any possible compromise 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'
-- which is set at 150 Malaysian/Singapore cents in the current
pact.
Delegates said that in exchange for consumer flexibility on
the floor price question, producers may consider agreeing to
another consumer proposal for more frequent price reviews -- at
12 month intervals instead of 18 at present.
|
training/4825
|
training/4825 |@title soviets:1 rumor:1 buy:1 u:1 corn:1 |@word soviet:3 union:2 rumor:3 morning:2 buy:2 1:2 5:1 mln:2 tonne:2 u:3 corn:2 export:1 trade:4 source:1 say:1 amount:1 confirm:1 talk:2 widespread:1 gulf:1 cash:1 barge:1 basis:1 level:1 jump:1 two:1 three:1 cent:1 expect:1 boost:1 future:1 price:1 today:2 open:1 recently:1 0:1 ostensibly:1 conciliatory:1 gesture:1 ahead:1 agriculture:1 official:2 purchase:2 see:1 positive:1 factor:1 light:1 statement:1 previous:1 satisfy:1 near:1 term:1 need:1
|
SOVIETS RUMORED TO HAVE BOUGHT MORE U.S. CORN
The Soviet Union is rumored
this morning to have bought up to 1.5 mln tonnes of U.S. corn,
export trade sources said.
The amount was not confirmed, but the talk was widespread
through the trade. Gulf cash barge basis levels jumped two to
three cents this morning on the rumors, which were expected to
boost futures prices on today's open.
The Soviet Union recently bought over 1.0 mln tonnes of
U.S. corn, ostensibly as a conciliatory gesture ahead of trade
talks with U.S. agriculture officials.
Purchases rumored today were seen as a positive factor in
light of a Soviet trade official's statement that the previous
purchase had satisfied near-term needs.
|
training/4827
|
training/4827 |@title transact:1 int:1 l:1 inc:1 tact:1 3rd:1 qtr:1 jan:1 31:1 net:1 |@word shr:2 one:1 ct:5 vs:6 three:1 net:2 66:1 922:1 194:1 531:1 rev:2 4:1 2:2 mln:4 5:1 7:1 nine:3 month:3 two:2 four:1 93:1 802:1 260:1 702:1 10:1 1:1 13:1 note:1 1987:1 period:2 include:2 gain:2 196:1 043:1 dlrs:3 sale:2 meston:1 lake:1 resources:1 share:2 credit:1 127:1 000:1 favroable:1 settlement:1 state:1 income:1 tax:1 assessment:1 1986:1 160:1 431:1 ferrotherm:1 co:1
|
TRANSACT INT'L INC <TACT> 3RD QTR JAN 31 NET
Shr one ct vs three cts
Net 66,922 vs 194,531
Rev 4.2 mln vs 5.7 mln
Nine months
Shr two cts vs four cts
Net 93,802 vs 260,702
Rev 10.1 mln vs 13.2 mln
NOTE: Nine months 1987 period includes gain of 196,043 dlrs
from sale of Meston Lake Resources shares and a credit of
127,000 dlrs from a favroable settlement of s state income tax
assessment. 1986 nine months period includes gain of 160,431
dlrs, or two cts a share, from sale of Ferrotherm Co.
|
training/4829
|
training/4829 |@title france:1 repay:1 currency:1 intervention:1 debt:1 |@word france:1 today:1 repay:1 21:1 95:1 billion:2 franc:5 short:1 term:1 currency:1 intervention:1 debt:2 european:2 monetary:2 cooperation:1 fund:1 emcf:2 finance:1 ministry:1 say:2 part:1 33:1 90:1 liability:1 incur:1 activation:1 swap:1 facility:1 defend:1 january:1 11:1 system:1 realignment:2 follow:1 several:1 week:1 speculative:1 pressure:1 produce:1 three:1 pct:2 revaluation:2 west:1 german:1 mark:1 dutch:1 guilder:1 french:1 two:1 belgian:1
|
FRANCE REPAYS SOME OF CURRENCY INTERVENTION DEBT
France today repaid 21.95 billion francs
of short-term currency intervention debt to the European
Monetary Cooperation Fund, EMCF, the Finance Ministry said.
It said the debt was part of a 33.90 billion franc
liability incurred through the activation of EMCF swap
facilities to defend the franc before the January 11 European
Monetary System realignment.
The realignment, following several weeks of speculative
pressure, produced a three pct revaluation of the West German
mark and the Dutch guilder against the French franc and a two
pct revaluation of the Belgian franc.
|
training/483
|
training/483 |@title k:1 ltd:1 skii:1 2nd:1 qtr:1 jan:1 25:1 net:1 |@word shr:2 81:1 ct:4 vs:6 57:1 net:2 3:1 660:1 273:1 2:1 437:1 914:1 rev:2 28:1 5:1 mln:4 23:1 1:2 six:1 month:1 29:1 12:1 325:1 755:1 483:1 559:1 31:1 7:1 26:1 4:1
|
S-K-I LTD <SKII> 2ND QTR JAN 25 NET
Shr 81 cts vs 57 cts
Net 3,660,273 vs 2,437,914
Rev 28.5 mln vs 23.1 mln
Six months
Shr 29 cts vs 12 cts
Net 1,325,755 vs 483,559
Rev 31.7 mln vs 26.4 mln
|
training/4831
|
training/4831 |@title shell:2 canada:2 raise:2 crude:2 price:2 64:2 canadian:2 ct:2 bbl:2 today:2 edmonton:2 |@word
|
SHELL CANADA RAISES CRUDE PRICES BY 64 CANADIAN CTS/BBL TODAY AT EDMONTON
SHELL CANADA RAISES CRUDE PRICES BY 64 CANADIAN CTS/BBL TODAY AT EDMONTON
|
training/4832
|
training/4832 |@title 13:2 mar:2 1987:2 |@word
|
13-MAR-1987
13-MAR-1987
|
training/4833
|
training/4833 |@title haiti:1 allow:1 importation:1 ban:1 black:1 pig:1 |@word haiti:2 agriculture:1 minister:1 yesterday:1 announce:1 department:1 permit:1 importation:1 730:2 black:1 creole:1 pig:4 ban:1 island:1 nation:1 since:1 1983:2 1981:1 team:1 canadian:1 veterinarian:1 fund:1 united:1 states:1 canada:1 mexico:1 costa:1 rica:1 supervise:1 slaughter:2 1:1 200:1 000:1 program:1 eradicate:1 african:1 swine:1 flu:1 today:1 announcement:1 catholic:1 relief:1 service:1 carita:1 import:1 jamaican:1 come:1 month:1 protest:1 farmer:1 90:1 pct:1
|
HAITI ALLOWS IMPORTATION OF BANNED BLACK PIGS
Haiti's agriculture minister
yesterday announced his department will permit the importation
of 730 black Creole pigs, which had been banned from the island
nation since 1983.
Between 1981 and 1983, a team of Canadian veterinarians
funded by the United States, Canada, Mexico and Costa Rica
supervised the slaughter of all Haiti's 1,200,000 pigs under a
program to eradicate African swine flu.
Today's announcement that Catholic Relief Services
(CARITAS) can import 730 Jamaican pigs comes after months of
protests by farmers who had owned 90 pct of the slaughtered
pigs.
|
training/4835
|
training/4835 |@title german:1 bank:1 see:1 good:1 soviet:1 trade:1 prospect:1 |@word soviet:3 west:2 german:1 trade:1 expect:1 develop:1 favourably:1 due:1 moscow:2 increase:1 openness:1 east:1 economic:1 relations:1 dresdner:2 bank:3 ag:1 representative:1 michael:1 stein:1 say:2 tell:1 presentation:1 union:2 last:1 year:1 hit:1 fall:1 world:1 oil:3 price:2 cut:1 export:1 revenue:1 related:1 product:1 natural:1 gas:1 overseas:1 buying:1 power:1 also:1 adversely:1 affect:1 low:1 dollar:2 economist:1 alfred:1 apholte:1 large:1 currency:1 gold:1 reserve:1 soften:1 impact:1 weakening:1 drop:1
|
GERMAN BANK SEES GOOD SOVIET TRADE PROSPECTS
Soviet-West German trade is expected
to develop favourably due to Moscow's increasing openness to
East-West economic relations, Dresdner Bank AG's Moscow
representative Michael Stein said.
He told a bank presentation the Soviet Union was last year
hit by the fall in world oil prices, which cut export revenue
from oil-related products and natural gas, and its overseas
buying power was also adversely affected by the lower dollar.
Dresdner Bank economist Alfred Apholte said the Soviet
Union's large currency and gold reserves had softened the
impact of the dollar weakening and oil price drop.
|
training/484
|
training/484 |@title kapok:1 corp:1 kpk:1 year:1 sept:1 30:1 loss:1 |@word shr:1 loss:2 20:1 ct:2 vs:3 profit:2 96:1 net:2 499:1 000:3 2:1 369:1 rev:1 11:1 5:1 mln:2 10:1 3:1 note:1 prior:1 year:1 include:1 gain:1 sale:1 property:1 4:1 557:1 dlrs:1
|
KAPOK CORP <KPK> YEAR SEPT 30 LOSS
Shr loss 20 cts vs profit 96 cts
Net loss 499,000 vs profit 2,369,000
Revs 11.5 mln vs 10.3 mln
NOTE: Prior year net includes gain on sale of property of
4,557,000 dlrs.
|
training/4841
|
training/4841 |@title national:1 pizza:1 co:1 piza:1 acquire:1 restaurant:1 |@word national:3 pizza:5 co:1 say:3 reach:1 agreement:1 principle:1 buy:1 seven:1 straw:1 hat:1 restaurant:3 certain:1 related:1 real:1 estate:1 approximately:2 three:1 mln:2 dlrs:2 cash:1 acquisition:1 convert:1 hut:1 expect:1 generate:1 annual:1 sale:2 eight:1 complete:1 bring:1 24:1 number:1 operate:1 company:1
|
NATIONAL PIZZA CO <PIZA> TO ACQUIRE RESTAURANTS
National Pizza Co said it reached an
agreement in principle to buy seven Straw Hat pizza restaurants
and certain related real estate for approximately three mln
dlrs in cash.
The acquisitions will be converted to Pizza Hut
restaurants, said National Pizza, and are expected to generate
annual sales of approximately eight mln dlrs.
When the sale is complete, it will bring to 24 the number
of restaurants operated by National Pizza, the company said.
|
training/4843
|
training/4843 |@title citicorp:2 say:2 place:2 brazil:2 loan:2 cash:2 basis:2 could:2 cut:2 1st:2 qtr:2 net:2 50:2 mln:2 dlrs:2 |@word
|
CITICORP SAYS PLACING BRAZIL LOANS ON CASH BASIS COULD CUT 1ST QTR NET BY 50 MLN DLRS
CITICORP SAYS PLACING BRAZIL LOANS ON CASH BASIS COULD CUT 1ST QTR NET BY 50 MLN DLRS
|
training/4845
|
training/4845 |@title singapore:1 spend:1 1:1 2:1 billion:1 dlrs:1 port:1 |@word port:4 singapore:1 authority:2 psa:2 spend:1 1:1 2:1 billion:1 dlrs:1 develop:1 facility:1 cargo:3 handling:1 equipment:1 next:1 five:1 year:1 communications:1 minister:1 yeo:2 ning:1 hong:1 tell:1 parliament:1 say:1 improvement:1 need:1 cope:1 expect:1 growth:1 ship:1 tonnage:1 handle:2 give:1 detail:1 529:1 mln:1 gross:1 registered:1 tonne:1 1985:1 accord:1 late:1 available:1 statistic:1
|
SINGAPORE TO SPEND 1.2 BILLION DLRS ON PORTS
The Port of Singapore Authority (PSA)
will spend 1.2 billion dlrs to develop port facilities and
cargo-handling equipment over the next five years,
Communications Minister Yeo Ning Hong told parliament.
Yeo said the improvements were needed to cope with an
expected growth of ship tonnage and cargo handled by the port,
but gave no further details.
The PSA handled 529 mln gross-registered tonnes of cargo in
1985, according to the latest available statistics from the
port authority.
|
training/4848
|
training/4848 |@title ors:2 seek:1 canadian:1 fund:1 heavy:1 oil:1 test:1 |@word corp:1 say:2 dominion:1 securities:1 alberta:1 inc:1 appoint:1 offer:2 common:1 share:1 new:2 canadaina:1 company:2 organize:1 exploit:1 heavy:1 oil:1 production:1 opportunity:1 canada:1 western:1 europe:1 ors:2 private:1 sale:1 stock:1 make:1 good:1 effort:1 basis:1 design:1 raise:1 five:1 mln:1 canadian:1 dlrs:1 invest:1 property:1 project:1 use:1 electromagnetic:1 well:1 stimulation:1 process:1 develop:1 iit:1 research:1 institute:1 sponsorship:1
|
ORS SEEKS CANADIAN FUNDS FOR HEAVY OIL TEST
<ORS Corp> said <Dominion
Securities (Alberta) Inc> has been appointed to offer common
shares in a new Canadaina company being organized to exploit
heavy oil production opportunities in Canada and Western
Europe.
ORS said the offer for private sale of the stock being made
on a best efforts basis is designed to raise five mln Canadian
dlrs which the new company will invest in properties and
projects using the Electromagnetic Well Stimulation Process
developed by IIT Research Institute under sponsorship of ORS.
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training/4850
|
training/4850 |@title chrysler:1 c:1 unit:2 buy:1 beneficial:1 bnl:1 |@word chrysler:4 corp:4 say:2 first:2 inc:1 acquire:1 major:1 portion:1 commercial:1 lending:1 portfolio:1 beneficial:2 business:1 credit:1 subsidiary:2 acquisition:1 involve:1 84:1 mln:1 dlrs:2 net:1 receivables:2 financial:1 4:1 3:1 billion:1 end:1 1986:1
|
CHRYSLER <C> UNIT BUYS BENEFICIAL <BNL> UNIT
Chrysler Corp said its Chrysler
First Inc acquired a major portion of the commercial lending
portfolio of Beneficial Business Credit Corp, a subsidiary of
Beneficial Corp.
It said the acquisition involves about 84 mln dlrs of net
receivables.
Chrysler First, a subsidiary of Chrysler Financial Corp,
had receivables of 4.3 billion dlrs at the end of 1986.
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training/486
|
training/486 |@title cargill:1 u:1 k:1 strike:1 talk:1 postpone:1 |@word talk:1 due:1 today:1 management:1 union:1 try:1 end:1 strike:1 cargill:1 u:1 k:1 ltd:1 seaforth:1 oilseed:2 crush:1 plant:2 reschedule:1 thursday:1 company:1 spokesman:1 say:1 process:1 halt:1 since:1 december:1 19:1 mill:1 worker:1 walk:1 protest:1 new:1 contract:1 manning:1 level:1
|
CARGILL U.K. STRIKE TALKS POSTPONED
Talks due today between management and
unions to try to end the strike at Cargill U.K. Ltd's Seaforth
oilseed crushing plant have been rescheduled for Thursday, a
company spokesman said.
Oilseed processing at the plant has been halted since
December 19 when mill workers walked out in protest at new
contract manning levels.
|
training/4867
|
training/4867 |@title petrobra:1 ask:1 army:1 withdraw:1 troop:1 |@word brazil:2 state:1 oil:4 company:3 petrobra:5 ask:1 army:1 withdraw:1 troop:4 occupy:1 installation:1 since:1 tuesday:1 say:8 statement:5 request:3 withdrawal:2 make:2 calmness:1 reign:1 refinery:1 also:1 due:1 end:1 seaman:3 strike:3 willingness:1 industry:2 worker:1 sit:1 negotiating:1 table:1 even:1 though:1 union:1 spokesman:2 two:1 small:1 shipping:1 reach:1 pay:1 agreement:1 overwhelming:1 majority:1 remain:1 meeting:1 leader:1 set:1 next:1 wednesday:1 rio:1 presence:1 labour:1 minister:1 almir:1 pazzionotto:1 mediator:1 1100:1 local:1 hour:1 1400:1 gmt:1 know:1 already:1 remove:1
|
PETROBRAS ASKS ARMY TO WITHDRAW TROOPS
Brazil's state-oil company
Petrobras has asked the Army to withdraw the troops which were
occupying its oil installations since Tuesday, Petrobras said
in a statement.
The statement said the request for the withdrawal of the
troops was made because of the calmness reigning in all of its
refineries.
'The request was also due to the end of the seamen's strike
and the willingness of the oil industry workers to sit again by
the negotiating table,' the statement said.
Even though the Petrobras statement said the seamen's
strike was over, a union spokesman said only two small shipping
companies had reached a pay agreement. The overwhelming
majority of Brazil's seamen remained on strike.
The statement said a meeting between Petrobras and oil
industry leaders was set for next Wednesday in Rio, with the
presence of Labour Minister Almir Pazzionotto as a mediator.
Petrobras said the request for the withdrawal of the troops
was made at 1100 local hours (1400 GMT), but a company
spokesman said he did not know if the troops had already been
removed.
|
training/488
|
training/488 |@title amax:2 amx:1 gold:1 silver:1 find:1 |@word incx:1 say:4 identify:1 additional:2 gold:3 silver:3 ore:2 reserve:3 amax:2 sleeper:1 mine:1 near:1 winnemucca:1 nev:1 result:1 recent:1 drilling:2 thhe:1 estimate:2 2:1 470:1 000:1 short:1 ton:4 grade:1 0:4 24:2 ounce:4 50:1 per:2 treatable:1 conventional:1 milling:1 technique:1 amenable:1 heap:1 leaching:1 38:1 3:1 mln:1 average:1 025:1 conduct:1
|
AMAX <AMX> IN GOLD, SILVER FIND
AMAX Incx said it has identified
additional gold and silver ore reserves at its AMAX Sleeper
Mine near Winnemucca, Nev..
It said as a result of recent drilling, reserves at thhe
mine are now estimated at 2,470,000 short tons of ore grading
0.24 ounce of gold and 0.50 ounce of silver per ton that is
treatable by conventional milling techniques.
AMAX said additional reserves amenable to heap leaching are
estimated at 38.3 mln tons averaging 0.025 ounce gold and 0.24
ounce silver per ton. Further drilling is being conducted, it
said.
|
training/4881
|
training/4881 |@title italian:1 interbank:1 rate:1 rise:1 february:1 |@word italy:3 average:3 interbank:1 rate:4 rise:1 provisional:3 12:3 18:1 pct:7 february:2 05:1 january:2 figure:1 bank:2 show:1 weight:2 lending:1 13:2 78:1 compare:1 83:1 pay:1 deposit:1 ease:1 7:2 49:1 66:1 today:1 announce:1 official:1 discount:1 would:1 cut:1 11:1 5:1 effective:1 tomorrow:1
|
ITALIAN INTERBANK RATE RISES IN FEBRUARY
Italy's average interbank rate
rose to a provisional 12.18 pct in February from 12.05 pct in
January, figures from the Bank of Italy show.
Weighted average rate on bank lending was a provisional
13.78 pct in February compared with 13.83 in January, while
average weighted rate paid on deposits eased a provisional 7.49
pct from 7.66 pct.
Italy today announced that its official discount rate would
be cut to 11.5 pct from 12 pct effective tomorrow.
|
training/4882
|
training/4882 |@title yeutter:1 say:1 dlr:1 level:1 base:1 economic:1 policy:1 u:1 |@word trade:1 representative:1 clayton:1 yeutter:2 say:5 whether:2 exchange:4 rate:4 dollar:2 would:4 fall:2 rise:2 coming:1 decade:1 depend:2 nation:5 financial:2 monetary:2 tax:2 policy:3 speech:1 remark:1 heritage:1 foundation:1 end:1 marketplace:1 ultimately:1 rule:1 day:1 ask:1 future:1 economic:1 coooperation:1 among:1 trading:2 right:1 kind:1 thing:1 less:1 burden:1 adjustment:2 place:1 one:1 could:1 envision:1 situation:1 major:1 move:1 back:1 far:1 closer:1 consider:1 equilibrium:1 become:1 relatively:1 stable:1 hand:1 exhibit:1 great:1 self:1 discipline:1 international:1 cooperation:1 simply:1 inevitable:1 make:1
|
YEUTTER SAYS DLR LEVEL BASED ON ECONOMIC POLICY
U.S. Trade Representative Clayton
Yeutter said that whether the exchange rate of the dollar would
fall or rise in the coming decade would depend on nations'
financial, monetary and tax policies.
But, he said, in a speech and remarks to the Heritage
Foundation, that in the end 'the marketplace will ultimately
rule the day.'
Asked about the future of the dollar, he said that whether
or not it would rise or fall depended on economic policies and
coooperation among trading nations.
Yeutter said 'if nations do the right kinds of things in
financial, monetary and tax policies, then a lesser burden of
adjustment is placed on exchange rates, and one could envision
a situation of the major trading nations moving back far closer
to what most of us would consider equilibrium and exchange
rates becoming relatively stable.'
But he said, on the other hand, that if nations did not
exhibit greater self discipline and international cooperation,
'It is simply inevitable that the exchange rates will make that
adjustment.'
|
training/4884
|
training/4884 |@title paint:1 company:1 metex:1 mtx:1 stake:1 may:1 buy:1 |@word metropolitan:8 consolidated:1 industries:1 inc:1 new:1 york:1 paint:1 company:2 say:8 acquire:5 278:1 709:1 share:9 metex:7 corp:1 21:1 2:1 pct:3 total:3 leave:1 open:2 possibility:1 may:4 merger:2 filing:2 securities:1 exchange:2 commission:1 buy:5 stock:2 investment:1 also:1 additional:1 sell:1 current:1 stake:3 would:2 consider:1 market:1 private:1 deal:1 offer:2 tender:1 option:4 william:1 hack:3 director:1 together:1 wife:1 hold:1 149:1 750:2 common:4 11:4 4:1 already:1 another:1 42:1 25:2 dlrs:4 exercisable:1 april:1 12:1 1988:1 exercise:1 471:1 208:1 35:1 9:1 sec:1 make:1 shareholder:1 group:1 spend:1 3:1 1:1 mln:1 list:1 recent:1 purchase:1 54:1 993:1 march:2 67:1 10:1 83:1 916:1
|
PAINT COMPANY HAS METEX<MTX> STAKE, MAY BUY MORE
Metropolitan Consolidated Industries
Inc, a New York paint company, said it has acquired 278,709
shares of Metex Corp, or 21.2 pct of the total, and left open
the possibility that it might acquire more through a merger.
In a filing with the Securities and Exchange Commission,
Metropolitan said it bought the Metex stock as an investment.
It also said it may buy additional shares, or sell some or
all of its current stake. If it buys more shares, Metropolitan
said it would consider doing so in the open market, in private
deals, or through an exchange offer, tender offer or merger.
Metropolitan said it may acquire an option on or may buy
some or all of the Metex shares owned by William Hack, a Metex
director, who, together with this wife, holds 149,750 of the
company's common shares, or 11.4 pct of the total.
Metropolitan said it already has an option to buy another
42,750 Metex common shares at 11.25 dlrs each. The option is
not exercisable until April 12, 1988, it said.
If Metropolitan were to exercise the option and acquire all
of Hack's stake, it would have 471,208 Metex common shares, or
35.9 pct of the total. Metropolitan's SEC filing was
made as a shareholder group with Hack.
Metropolitan, which said it spent 3.1 mln dlrs to acquire
its Metex stake, listed its recent stock purchases as 54,993
common shares on March 67 at 10 dlrs each and 83,916 shares on
March 11 at 11.25 dlrs.
|
training/4887
|
training/4887 |@title bpi:2 systems:1 bpii:1 talk:1 sell:1 company:1 |@word systems:1 inc:1 say:1 hold:1 discussion:1 could:1 lead:1 sale:2 outstanding:1 share:1 12:1 mln:1 dlrs:3 bpi:2 president:1 chief:1 executive:1 officer:1 david:1 r:1 fernald:1 decline:1 identify:1 party:1 involve:1 talk:1 nine:1 month:1 end:1 december:1 31:1 lose:1 1:1 286:1 000:2 6:1 452:1
|
BPI SYSTEMS <BPII> IN TALKS TO SELL COMPANY
BPI Systems Inc said it is
holding discussions that could lead to the sale of all its
outstanding shares for about 12 mln dlrs.
BPI president and chief executive officer David R. Fernald
declined to identify the other party involved in the talks.
For the nine months ended December 31, BPI lost 1,286,000
dlrs on sales of 6,452,000 dlrs.
|
training/4889
|
training/4889 |@title bally:2 manufacturing:2 say:2 consider:2 sale:2 six:2 flag:2 theme:2 park:2 |@word
|
BALLY MANUFACTURING SAID IT IS CONSIDERING SALE OF SIX FLAGS THEME PARKS
BALLY MANUFACTURING SAID IT IS CONSIDERING SALE OF SIX FLAGS THEME PARKS
|
training/489
|
training/489 |@title study:1 group:1 urge:1 increase:1 u:1 oil:1 reserve:1 |@word study:2 group:2 say:2 united:1 states:1 increase:3 strategic:2 petroleum:1 reserve:3 one:2 mln:3 barrel:3 way:1 deal:1 present:2 future:1 impact:1 low:1 oil:4 price:3 domestic:1 industry:1 u:2 policy:1 raise:1 750:1 500:1 help:2 protect:1 economy:1 overseas:1 embargo:1 sharp:1 rise:2 aspen:1 institute:1 humanistic:1 private:1 also:1 call:1 new:1 research:2 exploration:2 development:2 technique:1 predict:1 would:2 remain:1 15:1 18:1 dlrs:1 several:1 year:1 mid:1 20:1 import:2 30:1 pct:1 consumption:1 instead:1 move:1 guard:1 mitigate:1 risk:1
|
STUDY GROUP URGES INCREASED U.S. OIL RESERVES
A study group said the United States
should increase its strategic petroleum reserve to one mln
barrels as one way to deal with the present and future impact
of low oil prices on the domestic oil industry.
U.S. policy now is to raise the strategic reserve to 750
mln barrels, from its present 500 mln, to help protect the
economy from an overseas embargo or a sharp price rise.
The Aspen Institute for Humanistic Studies, a private
group, also called for new research for oil exploration and
development techniques.
It predicted prices would remain at about 15-18 dlrs a
barrel for several years and then rise to the mid 20s, with
imports at about 30 pct of U.S. consumption.
It said instead that such moves as increasing oil reserves
and more exploration and development research would help to
guard against or mitigate the risks of increased imports.
|
training/4890
|
training/4890 |@title telemedia:1 buy:1 harrowsmith:1 equinox:1 magazine:1 |@word telemedia:6 inc:2 say:7 publishing:1 subsidiary:1 agree:2 buy:1 privately:1 harrowsmith:3 equinox:2 magazine:7 undisclosed:1 amount:1 cash:1 acquisition:1 expect:2 small:1 positive:1 impact:1 short:1 term:1 earning:1 alternative:1 life:1 style:1 canada:1 seventh:1 large:2 pay:2 circulation:3 english:1 language:1 country:1 eighth:1 160:1 000:2 copy:1 group:1 revenue:1 eight:1 mln:1 dlrs:1 last:2 year:2 employ:1 50:1 people:1 also:1 acquire:1 10:1 pct:1 interest:1 company:2 recently:1 launch:1 u:2 edition:1 editiion:1 begin:1 180:1 final:1 deal:1 mid:1 april:1 founder:1 continue:1 provide:1 editorial:1 publish:1 direction:1
|
TELEMEDIA TO BUY HARROWSMITH, EQUINOX MAGAZINES
(Telemedia Inc) said its (Telemedia
Publishing Inc) subsidiary agreed to buy privately-owned
Harrowsmith and Equinox magazines for an undisclosed amount of
cash.
Telemedia said the acquisition is expected to have a small
positive impact on short-term earnings.
Harrowsmith, an alternative life-style magazine, is
Canada's seventh-largest paid circulation English-language
magazine while Equinox is the country's eighth largest. Each
has a circulation of about 160,000 copies.
The magazine group had revenues of eight mln dlrs last
year and employs 50 people, Telemedia said.
Telemedia said it will also acquire a 10 pct interest in
the company which recently launched the U.S. edition of
Harrowsmith.
The magazine's U.S. editiion, begun last year, now has a
paid circulation of 180,000, the company said.
It said a final deal is expected in mid-April.
Telemedia said the magazines' founder has agreed to
continue to provide editorial and publishing direction for the
magazines.
|
training/4892
|
training/4892 |@title divi:1 hotel:1 nv:1 dvh:1 3rd:1 qtr:1 net:1 |@word shr:2 profit:4 36:1 ct:5 vs:6 14:1 net:2 1:3 162:1 000:4 464:1 revs:2 16:2 6:1 mln:4 11:1 3:1 nine:2 mth:1 loss:4 89:1 79:1 2:2 988:1 673:1 35:1 25:1 note:1 month:1 fiscal:1 1987:1 include:1 extraordinary:1 gain:1 per:1 share:1
|
DIVI HOTELS NV <DVH> 3RD QTR NET
Shr profit 36 cts vs profit 14 cts
Net profit 1,162,000 vs profit 464,000
Revs 16.6 mln vs 11.3 mln
Nine mths
Shr loss 89 cts vs loss 79 cts
Net loss 2,988,000 vs loss 2,673,000
Revs 35.1 mln vs 25.1 mln
NOTE: Nine months fiscal 1987 includes extraordinary gain
of 16 cts per share.
|
training/4893
|
training/4893 |@title bally:1 bly:1 consider:1 sale:1 six:1 flag:1 |@word bally:10 manufacturing:1 corp:3 say:6 consider:1 sale:2 six:5 flag:5 theme:2 amusement:3 park:5 unit:3 would:2 use:2 proceed:1 pay:2 debt:4 addition:1 possible:1 plan:1 sell:4 minority:1 stake:1 health:4 club:6 chain:3 public:1 company:5 register:1 propose:1 offering:1 securities:1 exchange:2 commission:1 20:1 30:1 pct:2 soon:1 spokesman:1 william:1 peltier:2 tell:1 reuter:1 definitely:1 consideration:1 response:1 inquiry:1 much:2 income:1 repay:1 may:2 300:1 mln:19 dlrs:19 analyst:1 nation:1 large:1 value:1 350:1 375:1 reportedly:1 already:1 approach:1 several:1 prospective:1 buyer:1 need:1 cash:1 begin:1 back:2 1:3 6:7 mountain:1 recently:1 complete:1 439:1 acquisition:1 golden:2 nugget:2 casino:1 hotel:1 atlantic:1 city:1 inc:1 gng:1 n:1 purchase:1 push:1 long:1 term:1 billion:2 almost:1 2:6 7:1 time:1 equity:1 600:1 325:1 tennis:1 revenue:4 1986:3 450:1 28:1 total:1 64:1 acquire:1 147:1 4:4 january:1 1982:1 penn:1 central:1 buy:4 great:1 america:1 gurnee:1 ill:1 1984:1 113:1 marriott:1 mhs:1 pretax:1 operating:2 profit:2 48:1 369:1 equipment:1 combine:1 post:1 60:1 475:1 456:1 come:1 earlier:1 month:1 take:1 charge:1 earning:1 first:1 quarter:1 17:1 3:2 result:1 deal:3 common:1 share:5 real:1 estate:1 developer:1 donald:1 trump:4 february:2 21:2 agree:1 06:1 hold:1 24:1 62:1 plus:1 relate:1 expense:1 seek:1 control:1 10:1 year:1 also:1 require:1 remain:1 33:1 stock:1 price:1 reach:1 level:1 1988:1
|
BALLY <BLY> CONSIDERING SALE OF SIX FLAGS
Bally Manufacturing Corp said it is
considering the sale of its Six Flag theme amusement park unit
and would use the proceeds to pay off debt.
In addition to the possible sale of the amusement parks,
Bally plans to sell a minority stake in its health club chain
to the public. The company will register a proposed offering
with the Securities and Exchange Commission for 20 to 30 pct of
the health clubs soon, spokesman William Peltier told Reuters.
'Selling Six Flags is definitely under consideration,'
Peltier said in response to an inquiry. He said the company
would use much of the income from the amusement park chain,
were it to be sold, to repay debt.
Six Flags might sell for as much as 300 mln dlrs, analysts
said. The health club chain, the nation's largest, is valued at
350 to 375 mln dlrs, they said.
Bally reportedly already has been approached about Six
Flags by several prospective buyers.
The company needs the cash to begin paying back a 1.6 mln
dlrs mountain of debt.
Bally recently completed a 439 mln dlrs acquisition of the
Golden Nugget casino hotel in Atlantic City from Golden Nugget
Inc <GNG.N>.
The purchase pushed its long-term debt to 1.6 billion dlrs,
or almost 2.7 times its equity of 600 mln dlrs.
Bally's 325-unit health and tennis clubs had revenues in
1986 of more than 450 mln dlrs, or about 28 pct of Bally's
total revenues of 1.64 billion dlrs.
Bally acquired Six Flags for 147.4 mln dlrs in January 1982
from Penn Central Corp. Bally bought the Great America theme
park in Gurnee, Ill., in May 1984 for 113.2 mln dlrs from
Marriott Corp <mhs>.
In 1986 the parks had pretax operating profit of 48.6 mln
dlrs on revenues of 369.4 mln dlrs.
The clubs and equipment unit combined to post operating
profit of 60.4 mln dlrs on revenues of 475.6 mln dlrs in 1986,
of which 456.2 mln came from the clubs.
The company earlier this month said it will take a charge
to earnings in the first quarter of 17.3 mln dlrs as a result
of its deal to buy back 2.6 mln of its common shares from real
estate developer Donald Trump.
Under a February 21 deal, Bally agreed to buy the 2.6 mln
of the 3.06 mln shares held by Trump at 24 dlrs a share, or
62.4 mln dlrs, plus 6.2 mln dlrs related expenses in exchange
for Trump not seeking control of the company for 10 years.
The deal also requires Bally to buy Trump's remaining
shares for 33 dlrs a share if the stock price does not reach
that level by February 21, 1988.
|
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