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training/4894
|
training/4894 |@title franklin:1 resources:1 ben:1 say:1 net:1 may:1 double:1 |@word franklin:2 resources:1 inc:1 say:1 believe:1 earning:1 could:1 double:1 year:3 compare:1 ago:1 company:2 report:1 income:1 32:1 mln:2 dlrs:2 143:1 revenue:1 resource:1 financial:1 service:1 fiscal:1 end:1 september:1 30:1
|
FRANKLIN RESOURCES <BEN> SAYS NET MAY DOUBLE
Franklin Resources Inc said
it believes earnings could double this year as compared to a
year ago when the company reported income of 32 mln dlrs on 143
mln dlrs in revenues.
Franklin Resources is a financial services company. Its
fiscal year ends September 30.
|
training/4898
|
training/4898 |@title cuba:1 sugar:1 crop:1 see:1 least:1 last:1 year:1 |@word cuban:3 sugar:5 export:7 figure:5 january:5 suggest:1 year:9 crop:5 may:1 least:1 large:1 last:3 7:4 35:2 mln:7 tonne:17 accord:2 analyst:1 total:4 733:1 000:13 raw:1 value:1 725:1 earlier:2 receive:3 international:1 organization:1 first:1 major:1 month:2 thus:1 give:2 good:1 indication:1 current:1 say:1 fourth:1 quarter:3 fall:1 622:1 909:1 cuba:3 destocke:1 end:1 1985:4 add:1 trade:1 house:1 c:1 czarnikow:1 recently:1 estimate:1 production:3 50:1 third:2 1986:4 12:1 final:1 86:1 compare:2 1984:1 85:1 8:1 10:1 normally:1 hurricane:1 mean:1 extend:1 ussr:1 substantially:2 362:1 489:1 comecon:1 country:1 210:1 80:1 iso:1 show:2 bulgaria:1 czechoslovakia:1 poland:1 romania:1 take:1 november:1 158:1 190:1 december:1 237:1 518:1 calendar:1 also:1 low:2 6:2 69:1 21:1 level:1 since:1 1980:1 19:1
|
CUBA SUGAR CROP SEEN AT LEAST SAME AS LAST YEAR
Cuban sugar export figures for January
suggest that this year's crop may be at least as large as last
year's 7.35 mln tonnes, according to sugar analysts.
Exports in January totalled 733,000 tonnes raw value, up
from 725,000 a year earlier, according to figures received by
the International Sugar Organization.
January is the first major export month and the figures
thus give a good indication of the current crop, they said.
Fourth quarter exports fell to 622,000 tonnes from 909,000
tonnes a year earlier, but this was because Cuba was destocking
at the end of 1985, they added.
Trade house C Czarnikow recently estimated production this
year at 7.50 mln tonnes.
Cuban sugar production in the third quarter of 1986 was
12,000 tonnes, giving a final 1985/86 crop total of 7.35 mln
tonnes, compared with a 1984/85 crop of 8.10 mln tonnes.
There is normally no third quarter production in Cuba, but
a hurricane meant that last year's crop was extended.
Exports to the USSR were substantially down in January at
362,000 tonnes from 489,000 in January 1986, but other Comecon
countries received 210,000 tonnes, against 80,000 tonnes in the
same month last year, figures received by the ISO show.
Bulgaria, Czechoslovakia, Poland and Romania all took
substantially more Cuban sugar.
Cuba's November 1986 exports totalled 158,000 tonnes,
compared with 190,000 tonnes in 1985, and December's total was
237,000 tonnes, down from 518,000 tonnes the year before.
Calendar year exports for 1986 were also lower at 6.69 mln
tonnes against 7.21 mln in 1985 -- the lowest level since
1980's 6.19 mln tonnes, the figures show.
|
training/49
|
training/49 |@title agency:1 report:1 39:1 ship:1 wait:1 panama:1 canal:1 |@word panama:1 canal:2 commission:1 u:1 government:1 agency:1 say:1 daily:1 operation:1 report:1 backlog:2 39:1 ship:1 wait:2 enter:1 early:1 today:1 next:1 two:1 day:2 expect:1 2:2 26:2 27:2 due:1 35:2 schedule:1 transit:1 41:1 end:3 31:1 25:1 average:1 time:1 tomorrow:1 super:1 tanker:1 regular:1 vessel:1 north:1 13:1 hrs:4 15:1 south:1 4:1
|
AGENCY REPORTS 39 SHIPS WAITING AT PANAMA CANAL
The Panama Canal Commission, a U.S.
government agency, said in its daily operations report that
there was a backlog of 39 ships waiting to enter the canal
early today. Over the next two days it expects --
2/26 2/27
Due: 27 35
Scheduled to Transit: 35 41
End-Day Backlog: 31 25
Average waiting time tomorrow --
Super Tankers Regular Vessels
North End: 13 hrs 15 hrs
South End: 4 hrs 26 hrs
|
training/490
|
training/490 |@title k:1 tron:1 international:1 inc:1 ktii:1 4th:1 qtr:1 net:1 |@word oper:4 shr:2 profit:4 36:1 ct:2 vs:8 loss:7 1:4 48:1 dlrs:6 net:4 353:1 000:10 5:2 551:1 revs:2 11:1 3:2 mln:3 8:1 142:1 year:2 31:2 58:1 165:1 919:1 38:1 0:1 6:1 note:1 include:2 pretax:1 unusual:1 gain:1 64:1 4:2 744:2 quarter:1 0077:1 1986:2 item:2 settlement:1 patent:1 suit:1 provision:2 investment:1 writeoff:1 1985:1 sale:1 scale:1 business:1 period:1 exclude:1 400:1 dlr:1 tax:1 credit:1
|
K-TRON INTERNATIONAL INC <KTII> 4TH QTR NET
Oper shr profit 36 cts vs loss 1.48 dlrs
Oper net profit 1,353,000 vs loss 5,551,000
Revs 11.3 mln vs 8,142,000
Year
Oper shr profit 31 cts vs loss 1.58 dlrs
Oper net profit 1,165,000 vs loss 5,919,000
Revs 38.0 mln vs 31.6 mln
NOTE: Net includes pretax unusual gain 64,000 dlrs vs loss
4,744,000 dlrs in quarter and losses 3,0077,000 dlrs vs
4,744,000 dlrs in year. 1986 items include settlement of
patent suit and provision for investment writeoff and 1985 item
provision for loss on sale of scale business.
1986 net both periods excludes 400,000 dlr tax credit.
|
training/4900
|
training/4900 |@title helmerich:1 payne:1 inc:1 hp:1 increase:1 div:1 |@word qtly:1 div:1 10:1 ct:2 vs:1 nine:1 payable:1 june:1 one:1 record:1 may:1 15:1
|
HELMERICH AND PAYNE INC <HP> INCREASES DIV
Qtly div 10 cts vs nine cts
Payable June one
Record May 15
|
training/4901
|
training/4901 |@title holly:1 corp:1 hoc:1 2nd:1 qtr:1 jan:1 31:1 loss:1 |@word shr:2 loss:5 45:1 ct:5 vs:6 profit:4 20:1 net:2 1:1 841:1 000:3 983:1 revs:2 56:1 2:1 mln:5 102:1 9:1 six:2 mth:1 13:1 80:1 534:1 4:3 121:1 209:1 3:1 note:1 month:1 fiscal:1 1987:1 include:1 17:1 per:2 share:2 discontinue:1 operation:1 figure:1 also:1 reflect:1 partial:1 three:1 one:1 stock:1 split:1 effect:1 december:1 1985:1
|
HOLLY CORP <HOC> 2ND QTR JAN 31 LOSS
Shr loss 45 cts vs profit 20 cts
Net loss 1,841,000 vs profit 983,000
Revs 56.2 mln vs 102.9 mln
Six mths
Shr loss 13 cts vs profit 80 cts
Net loss 534,000 vs profit 4.4 mln
Revs 121.4 mln vs 209.3 mln
NOTE: Six months fiscal 1987 includes loss of 17 cts per
share from discontinued operations.
Per share figures also reflect partial three-for-one stock
split effected December 1985.
|
training/4903
|
training/4903 |@title white:1 house:1 say:1 trade:1 bill:1 generally:1 good:1 |@word white:1 house:2 spokesman:1 marlin:1 fitzwater:1 say:2 administration:1 disagreement:2 trade:2 bill:2 clear:1 subcommittee:1 yesterday:1 generally:2 feel:2 good:2 bipartisan:1 consideration:1 legislation:1 think:1 progress:1 well:1 tell:1 reporter:1 wide:1 area:2 agreement:1
|
WHITE HOUSE SAYS TRADE BILL GENERALLY GOOD
White House spokesman Marlin
Fitzwater said the administration had some disagreements with
the trade bill that cleared a House subcommittee yesterday but
generally felt good about the bill.
'Generally we feel very good about the bipartisan
consideration of the trade legislation. I think we are
progressing very well,' he told reporters.
'There are wide areas of agreement. There are some areas of
disagreement,' he said.
|
training/4904
|
training/4904 |@title sunter:2 acquisition:2 begin:2 tender:2 allegheny:2 international:2 inc:2 |@word
|
SUNTER ACQUISITION BEGINS TENDER FOR ALLEGHENY INTERNATIONAL INC
SUNTER ACQUISITION BEGINS TENDER FOR ALLEGHENY INTERNATIONAL INC
|
training/4905
|
training/4905 |@title u:1 conservation:1 signup:1 see:1 10:1 12:1 mln:1 acre:1 |@word grain:1 trader:1 analyst:2 look:1 10:2 12:2 mln:4 acre:6 sign:2 usda:2 conservation:2 reserve:1 program:3 schedule:1 announce:1 1400:1 cst:1 today:1 probably:1 accept:1 80:1 90:1 pct:1 submit:2 say:2 total:2 enrollment:1 first:1 three:1 year:3 8:1 9:1 sharp:1 increase:1 expect:1 underpin:1 new:2 crop:2 corn:3 future:1 week:1 however:1 may:2 end:1 negative:1 price:1 cite:1 trade:1 talk:1 earlier:1 14:1 15:1 farmer:1 also:1 set:1 aside:1 definition:1 poor:1 yield:1 impact:1 production:1 minimal:1 add:1
|
U.S. CONSERVATION SIGNUP SEEN 10 TO 12 MLN ACRES
Grain traders and analysts look for a
10 to 12 mln acre sign-up in the USDA's conservation reserve
program, scheduled to be announced after 1400 CST today.
The USDA probably will accept about 80 to 90 pct of the
acres submitted, they said.
Total enrollment in the first three years of the program is
only 8.9 mln acres, so the sharp increase expected this year
has underpinned new crop corn futures all week.
However, some analysts said a 10 to 12 mln acre sign-up may
end up being negative to new crop corn prices, citing trade
talk earlier this year that 14 to 15 mln acres may be submitted
by farmers. Also, acres set-aside under the conservation
program are by definition poor yielding, so the impact on total
corn production will be minimal, they added.
|
training/4908
|
training/4908 |@title irish:1 oil:1 concern:1 boost:1 cenergy:1 crg:1 stake:1 |@word bryson:3 oil:2 gas:1 plc:1 belfast:1 northern:1 ireland:1 company:2 say:4 consider:1 seek:1 control:1 cenergy:4 corp:1 raise:1 stake:1 1:1 281:1 887:2 share:3 13:1 2:1 pct:2 total:1 filing:1 securities:1 exchange:1 commission:1 buy:1 440:1 000:1 common:1 march:1 10:1 eight:1 dlrs:1 previously:1 hold:1 841:1 8:1 5:1 request:2 detailed:1 shareholder:2 information:1 case:1 decide:1 communicate:1 make:1 legal:1 challenge:1
|
IRISH OIL CONCERN BOOSTS CENERGY <CRG> STAKE
Bryson Oil and Gas plc, a Belfast,
Northern Ireland, oil company which has said it is considering
seeking control of Cenergy Corp, said it raised its stake in
the company to 1,281,887 shares, or 13.2 pct of the total.
In a filing with the Securities and Exchange Commission,
Bryson said it bought 440,000 Cenergy common shares on March 10
at eight dlrs each. Previously it had held 841,887 shares, or
8.5 pct.
Bryson has request detailed shareholder information from
Cenergy in case it decided to communicate with shareholders.
But it said Cenergy has made legal challenges to the request.
|
training/4910
|
training/4910 |@title sunter:1 begin:1 tender:1 allegheny:1 ag:1 |@word allegheny:3 international:1 inc:2 say:2 sunter:1 acquisititon:1 corp:1 form:1 first:1 boston:1 begin:1 cash:1 tender:3 offer:3 accordance:1 previously:1 announce:2 merger:2 agreement:3 outsanding:1 share:5 common:2 stock:6 2:1 19:1 dlr:1 cumulative:1 preference:3 11:1 25:1 dlrs:4 convertible:1 prefer:1 expire:1 april:1 9:1 unless:1 extend:1 term:1 shareholder:1 receive:1 24:1 60:1 per:3 20:1 87:1 50:1 preferred:2 condition:1 upon:1 valid:1 represent:1 majority:1 voting:1 power:1 least:1 two:1 third:1 outstanding:1 earlier:1 week:1
|
SUNTER BEGINS TENDER FOR ALLEGHENY <AG>
Allegheny International Inc said
Sunter Acquisititon Corp, formed by First Boston Inc, began a
cash tender offer in accordance with their previously announced
merger agreement for all the outsanding shares of Allegheny's
common stock, 2.19 dlr cumulative preference stock and 11.25
dlrs convertible preferred stock.
The offer expires April 9, unless extended.
Under terms of the agreement, tendering shareholders will
receive 24.60 dlrs per common share, 20 dlrs per preference
share and 87.50 dlrs per preferred share.
Allegheny said the offer is conditioned upon the valid
tender of stock representing a majority of the voting power and
at least two-thirds of outstanding shares of preference stock
and preferred stock.
The merger agreement was announced earlier this week.
|
training/4911
|
training/4911 |@title transit:1 financial:1 holdings:1 inc:1 4th:1 qtr:1 net:1 |@word shr:2 35:1 ct:4 vs:5 13:1 net:2 531:1 840:1 188:1 362:1 rev:1 give:1 year:1 83:1 41:1 1:1 249:1 000:4 620:1 revs:1 10:1 800:1 5:1 600:1
|
<TRANSIT FINANCIAL HOLDINGS INC> 4TH QTR NET
Shr 35 cts vs 13 cts
Net 531,840 vs 188,362
Revs not given
Year
Shr 83 cts vs 41 cts
Net 1,249,000 vs 620,000
Revs 10,800,000 vs 5,600,000
|
training/4914
|
training/4914 |@title sporting:1 life:1 inc:1 splf:1 2nd:1 qtr:1 jan:1 31:1 net:1 |@word oper:4 shr:2 loss:2 six:2 ct:4 vs:6 profit:6 four:1 net:4 58:1 388:1 34:1 101:1 revs:1 2:2 419:1 203:1 145:1 967:1 1st:1 half:2 18:1 61:1 763:1 172:1 166:1 rev:1 5:1 731:1 582:1 4:2 458:1 040:1 note:1 prior:1 year:1 exclude:1 extraordinary:1 credit:2 500:1 dlrs:2 quarter:2 46:1 000:1 current:1 include:1 47:1 470:1 dlr:1 tax:1
|
SPORTING LIFE INC <SPLF> 2ND QTR JAN 31 NET
Oper shr loss six cts vs profit four cts
Oper net loss 58,388 vs profit 34,101
Revs 2,419,203 vs 2,145,967
1st half
Oper shr profit six cts vs profit 18 cts
Oper net profit 61,763 vs profit 172,166
Revs 5,731,582 vs 4,458,040
NOTE: Prior year net excludes extraordinary credits of
4,500 dlrs in quarter and 46,000 dlrs in half.
Current quarter net includes 47,470 dlr tax credit.
|
training/4918
|
training/4918 |@title investment:1 firm:1 cut:1 cyclop:1 cyl:1 stake:1 |@word group:2 affiliate:1 new:1 york:1 investment:1 firm:1 say:2 lower:1 stake:1 cyclops:1 corp:2 200:1 500:2 share:3 5:1 0:1 pct:2 total:1 outstanding:1 260:1 6:1 4:1 filing:1 securities:1 exchange:1 commission:1 lead:1 mutual:1 shares:1 sell:1 60:1 000:1 cyclop:1 common:1 since:1 february:1 26:1
|
INVESTMENT FIRMS CUT CYCLOPS <CYL> STAKE
A group of affiliated New York
investment firms said they lowered their stake in Cyclops Corp
to 200,500 shares, or 5.0 pct of the total outstanding, from
260,500 shares, or 6.4 pct.
In a filing with the Securities and Exchange Commission,
the group, led by Mutual Shares Corp, said it sold 60,000
Cyclops common shares since February 26.
|
training/4920
|
training/4920 |@title argyll:1 energy:1 corp:1 year:1 loss:1 |@word shr:2 loss:2 1:2 41:1 dlrs:1 vs:3 profit:2 27:1 ct:1 net:2 8:1 225:1 052:1 566:1 936:1 revs:1 4:1 028:1 231:1 6:2 725:1 462:1 note:1 1986:1 606:1 646:1 dlr:1 writedown:1 property:1 asset:1
|
<ARGYLL ENERGY CORP> YEAR LOSS
Shr loss 1.41 dlrs vs profit 27 cts
Net loss 8,225,052 vs profit 1,566,936
Revs 4,028,231 vs 6,725,462
Note: 1986 shr and net after 6,606,646 dlr writedown on
property and other assets
|
training/4922
|
training/4922 |@title transit:1 financial:1 see:1 1987:1 share:1 profit:1 rise:1 |@word transit:1 financial:1 holdings:1 inc:1 earlier:3 report:2 high:1 fourth:1 quarter:1 full:1 year:2 earning:2 say:2 expect:1 1987:2 share:7 profit:2 increase:1 1:3 27:1 dlrs:3 83:2 ct:3 1986:4 company:2 forecast:1 base:2 2:1 5:2 mln:3 outstanding:1 one:1 common:1 issue:1 december:1 30:1 1985:1 outstande:1 rise:1 249:1 000:2 620:1 41:1
|
TRANSIT FINANCIAL SEES 1987 SHARE PROFIT RISE
<Transit Financial Holdings Inc>,
earlier reporting higher fourth quarter and full year earnings,
said it expects 1987 share profit to increase to 1.27 dlrs from
83 cts in 1986.
The company said the 1987 share forecast is based on 2.5
mln shares outstanding, after a one mln common share issue on
December 30, 1986. Its 1986 and 1985 earnings were based on 1.5
mln shares outstanding.
The company earlier reported 1986 profit rose to 1,249,000
dlrs or 83 cts a shares from year-earlier 620,000 dlrs or 41
cts a share.
|
training/4925
|
training/4925 |@title san:2 paolo:2 di:2 torino:2 cut:2 prime:2 rate:2 12:2 50:2 pct:4 13:2 00:2 official:2 |@word
|
SAN PAOLO DI TORINO CUTS PRIME RATE TO 12.50 PCT FROM 13.00 PCT - OFFICIAL
SAN PAOLO DI TORINO CUTS PRIME RATE TO 12.50 PCT FROM 13.00 PCT - OFFICIAL
|
training/4929
|
training/4929 |@title canadian:2 money:2 supply:2 1:2 rise:2 592:2 mln:2 dlrs:2 week:2 bank:2 canada:2 say:2 |@word
|
CANADIAN MONEY SUPPLY M-1 RISES 592 MLN DLRS IN WEEK, BANK OF CANADA SAID
CANADIAN MONEY SUPPLY M-1 RISES 592 MLN DLRS IN WEEK, BANK OF CANADA SAID
|
training/4930
|
training/4930 |@title holly:1 corp:1 hoc:1 2nd:1 qtr:1 jan:1 31:1 loss:1 |@word shr:2 loss:3 45:1 ct:4 vs:8 profit:2 20:1 net:4 1:1 841:1 000:10 983:1 revs:2 56:1 2:2 mln:4 102:1 9:1 avg:2 shrs:2 4:5 127:2 835:1 1st:1 half:2 oper:2 four:1 80:1 172:1 359:1 121:1 209:1 3:1 5:1 439:1 note:1 current:1 exclude:1 706:1 dlr:1 discontinue:1 oil:1 natural:1 gas:1 operation:1 share:1 adjust:1 three:1 one:1 stock:1 split:1 recapitalization:2 december:1 1985:1 prior:1 year:1 period:1 include:1 pretax:1 charge:1 300:1 dlrs:1 cost:1
|
HOLLY CORP <HOC> 2ND QTR JAN 31 LOSS
Shr loss 45 cts vs profit 20 cts
Net loss 1,841,000 vs profit 983,000
Revs 56.2 mln vs 102.9 mln
Avg shrs 4,127,000 vs 4,835,000
1st half
Oper shr four cts vs 80 cts
Oper net 172,000 vs 4,359,000
Revs 121.4 mln vs 209.3 mln
Avg shrs 4,127,000 vs 5,439,000
NOTE: Current half net excludes 706,000 dlr loss from
discontinued oil and natural gas operations.
Share adjusted for three-for-one stock split and
recapitalization in December 1985.
Prior year net both periods includes pretax charge of
2,300,000 dlrs from recapitalization costs.
|
training/4933
|
training/4933 |@title cyclop:1 cyl:1 give:1 datum:1 group:1 |@word cyclops:1 corp:2 say:6 board:2 reject:1 request:1 cyacq:8 investor:2 group:2 non:2 public:2 information:1 cyclop:7 maker:1 specialty:1 steel:1 electronics:1 retailer:1 cite:1 agreement:3 acquire:1 britain:1 dixons:1 plc:1 90:1 25:1 dlrs:4 share:3 tender:3 offer:7 expire:1 midnight:1 march:1 17:1 comprise:1 audio:1 video:1 affiliates:1 inc:1 citicorp:1 capital:1 investors:1 ltd:1 yesterday:1 would:1 increase:1 92:1 50:1 80:2 subject:1 certain:1 condition:3 provide:1 datum:1 give:1 dixon:5 satisfied:1 financial:1 projection:1 make:2 also:2 determine:1 announcement:1 press:1 release:1 amend:1 outstanding:1 remain:1 per:1 state:1 financing:1 commitment:1 necessary:1 carry:1 original:1 increased:1 may:1 statement:1 bind:1 indicate:1 rescind:1 waive:1 provision:1 pact:1 company:1 advise:1 shareholder:1 approve:1 merger:1 satisfy:1
|
CYCLOPS <CYL> WILL NOT GIVE DATA TO GROUP
Cyclops Corp said its board rejected
a request by Cyacq Corp, an investor group, for more non-public
information about Cyclops, a maker of specialty steels and an
electronics retailer.
Cyclops cited its agreement to be acquired by Britain's
Dixons Group PLC for 90.25 dlrs a share under a tender offer
that expires midnight March 17.
Cyacq, comprising Audio/Video Affiliates Inc, Citicorp
Capital Investors Ltd and other investors, yesterday said it
would increase its tender offer for Cyclops to 92.50 dlrs a
share from 80 dlrs, subject to certain conditions.
The conditions were that Cyclops provide Cyacq with
non-public data given to Dixons and that Cyacq be satisfied
with financial projections made by Dixons in its offer.
Cyclops also said its board determined that Cyacq's
announcement was not an offer. 'Cyacq's press release does not
amend Cyacq's outstanding tender offer which remains at 80 dlrs
per share and it does not state that Cyacq has financing
commitments necessary to carry out its original offer or any
increased offer that it may make,' Cyclops said in a statement.
Its agreements with Dixons are binding and Dixons indicated
it will not rescind or waive any provisions of the pacts,
Cyclops said.
The company also said it was advised that Dixons'
shareholders approved the merger, satisfying that condition of
the agreement.
|
training/4934
|
training/4934 |@title san:1 juan:1 racing:1 association:1 inc:1 sjr:1 3rd:1 qtr:1 |@word shr:2 22:3 ct:4 vs:6 net:2 915:1 911:1 970:1 141:1 revs:2 8:2 0:3 mln:6 nine:2 month:2 69:1 56:1 3:1 2:1 4:1 23:1 5:1 1:1 note:1 1987:1 3rd:1 qtr:1 include:1 extraordainry:1 gain:1 341:1 145:1 dlrs:2 480:1 412:1 respectively:1 sale:1 land:1
|
SAN JUAN RACING ASSOCIATION INC <SJR> 3RD QTR
Shr 22 cts vs 22 cts
Net 915,911 vs 970,141
Revs 8.0 mln vs 8.0 mln
Nine months
Shr 69 cts vs 56 cts
Net 3.0 mln vs 2.4 mln
Revs 23.5 mln vs 22.1 mln
NOTE:1987 3rd qtr and nine months include extraordainry
gain of 341,145 dlrs and 480,412 dlrs, respectively, on sale of
land.
|
training/4937
|
training/4937 |@title edelman:1 cut:1 lucky:1 store:1 lks:1 stake:1 4:1 8:1 pct:1 |@word group:2 lead:1 new:1 york:1 investor:1 asher:1 edelman:3 say:2 lower:1 stake:2 lucky:3 stores:1 inc:1 lks:1 1:3 827:1 734:2 share:4 4:1 8:1 pct:3 total:1 outstanding:1 common:2 stock:2 930:1 5:1 filing:1 securities:1 exchange:1 commission:1 sell:1 103:1 000:1 store:2 march:1 9:1 10:1 price:1 range:1 28:1 625:1 30:1 375:1 dlrs:1 long:1 five:1 require:1 report:1 dealing:1
|
EDELMAN CUTS LUCKY STORES <LKS> STAKE TO 4.8 PCT
A group led by New York investor
Asher Edelman said he lowered its stake in Lucky Stores Inc
<LKS> to 1,827,734 shares, or 4.8 pct of the total outstanding
common stock, from 1,930,734 shares, or 5.1 pct.
In a filing with the Securities and Exchange Commission,
the Edelman group said it sold 103,000 Lucky Stores common
shares on March 9 and 10 at prices ranging from 28.625 to
30.375 dlrs a share.
So long as Edelman's stake is below five pct he is not
required to report his dealings in Lucky Stores stock.
|
training/4938
|
training/4938 |@title canadian:1 money:1 supply:1 rise:1 week:1 |@word canadian:3 narrowly:1 define:1 money:1 supply:1 1:7 rise:9 592:1 mln:11 dlrs:26 33:1 36:1 billion:15 week:4 end:3 march:3 4:1 bank:5 canada:3 say:1 plus:3 daily:1 interest:1 chequable:1 non:2 personal:3 deposit:4 778:1 75:2 95:2 2:1 notice:1 fix:2 term:3 09:1 177:1 3:1 foreign:2 currency:2 resident:1 book:1 charter:4 13:1 217:1 28:2 general:1 loan:1 outstanding:2 500:1 125:1 54:1 liquid:1 short:1 asset:3 fall:3 244:1 35:1 12:1 total:2 dollar:1 major:1 257:1 221:1 53:1 net:1 782:1 minus:1 876:1 note:1 circulation:1 16:1 45:1 government:2 cash:1 balance:1 37:1 5:1 68:1 11:2 security:1 three:1 224:1 08:1 treasury:1 bill:1 600:1 15:1 savings:1 bond:1 294:1 44:1 05:1
|
CANADIAN MONEY SUPPLY RISES IN WEEK
Canadian narrowly-defined money supply
M-1 rose 592 mln dlrs to 33.36 billion dlrs in week ended March
4, Bank of Canada said.
M-1-A, which is M-1 plus daily interest chequable and
non-personal deposits, rose 778 mln dlrs to 75.95 billion dlrs
and M-2, which is M-1-A plus other notice and personal
fixed-term deposit rose 1.09 billion dlrs to 177.95 billion
dlrs.
M-3, which is non-personal fixed term deposits and foreign
currency deposits of residents booked at chartered banks in
Canada, rose 1.13 billion dlrs to 217.28 billion dlrs.
Chartered bank general loans outstanding rose 500 mln dlrs
to 125.54 billion dlrs.
Canadian liquid plus short term assets fell 244 mln dlrs to
35.12 billion dlrs and total Canadian dollar major assets of
the chartered banks rose 257 mln dlrs to 221.53 billion dlrs.
Chartered bank net foreign currency assets rose 782 mln
dlrs to minus 876 mln dlrs.
Notes in circulation totalled 16.28 billion dlrs, up 45 mln
dlrs from the week before.
Government cash balances rose 1.37 billion dlrs to 5.68
billion dlrs in week ended March 11.
Government securities outstanding fell three mln dlrs to
224.08 billion dlrs in week ended March 11, treasury bills rose
600 mln dlrs to 75.15 billion dlrs and Canada Savings Bonds
fell 294 mln dlrs to 44.05 billion dlrs.
|
training/4939
|
training/4939 |@title ussr:1 heavy:1 buyer:1 yugoslav:1 corn:1 u:1 report:1 |@word soviet:4 union:4 heavy:2 buyer:2 yugoslav:6 corn:9 since:2 october:2 purchase:1 close:1 1:3 5:2 mln:3 tonne:7 1986:2 87:2 marketing:2 year:2 accord:1 report:3 u:2 agriculture:1 counselor:3 belgrade:1 approximately:1 already:1 commit:1 foreign:1 sell:1 grain:2 association:1 official:3 date:1 march:1 10:1 say:6 800:1 000:5 deliver:1 balance:1 700:1 ship:2 june:1 additional:1 500:1 july:1 september:1 associaiton:1 total:1 export:3 could:1 reach:1 2:1 0:1 normal:1 monthly:2 shipping:1 rate:1 due:1 increase:2 use:1 river:1 barge:1 shipment:1 yugoslavia:1 average:1 around:1 160:1 high:1 early:1 estimate:1 150:1 take:1 share:1 sale:1
|
USSR HEAVY BUYERS OF YUGOSLAV CORN-U.S. REPORT
The Soviet Union has been a heavy
buyer of Yugoslav corn since October, purchasing close to 1.5
mln tonnes in the 1986/87 marketing year, according to a report
from the U.S. agriculture counselor in Belgrade.
Approximately 1.5 mln tonnes of Yugoslav corn have already
been committed to foreign buyers for 1986/87, with most of this
sold to the Soviet Union, the Yugoslav Grain Association
reported to the U.S. official.
In a report dated March 10, the official said that about
800,000 tonnes of the corn has been delivered, with the balance
of 700,000 tonnes to be shipped between now and June.
An additional 500,000 tonnes of corn can be shipped from
July-September, the grain associaiton said, so total Yugoslav
corn exports could reach 2.0 mln tonnes, the counselor said.
Heavier than normal monthly shipping rates for Yugoslav
corn exports are due to the increased use of river barges for
exporting corn to the Soviet Union, the counselor said.
Monthly corn shipments out of Yugoslavia have averaged
around 160,000 tonnes since October 1, higher than earlier
estimates of 150,000, the official said.
The Soviet Union has taken an increased share of Yugoslav
corn sales during this marketing year, he said.
|
training/494
|
training/494 |@title presidential:1 realty:1 corp:1 pdo:1 annual:1 net:1 |@word shr:1 1:2 65:1 dlrs:4 vs:4 50:1 net:2 5:1 370:1 000:4 4:2 901:1 rev:1 8:2 mln:2 7:1 note:1 1986:1 gain:1 property:1 investment:1 717:1 22:2 ct:2 per:2 share:2 721:1
|
PRESIDENTIAL REALTY CORP <PDO> ANNUAL NET
Shr 1.65 dlrs vs 1.50 dlrs
Net 5,370,000 vs 4,901,000
Rev 8.4 mln vs 7.8 mln
NOTE: 1986 net gain from property investments 717,000 dlrs,
or 22 cts per share, vs 721,000 dlrs, or 22 cts per share.
|
training/4941
|
training/4941 |@title u:1 make:1 conciliatory:1 move:1 rubber:1 pact:1 talk:1 |@word u:2 drop:1 insistence:1 floor:2 price:5 new:1 international:1 natural:1 rubber:1 agreement:1 inra:1 revise:1 downward:1 certain:1 circumstance:1 conference:2 source:3 say:3 surprise:1 conciliatory:1 move:1 meet:1 one:1 producer:2 main:1 concern:1 lower:1 indicative:2 remain:2 unchanged:1 clear:1 however:1 whether:1 consume:1 country:1 follow:1 suit:1 number:1 particular:1 britain:1 west:1 germany:1 belgium:1 appear:1 strong:1 reservation:1 add:1 group:3 consumer:3 seek:1 adjustment:2 low:1 set:1 150:1 malaysian:1 singapore:1 cents:1 kilo:1 present:1 pact:1 buffer:1 stock:1 currently:1 360:1 000:2 tonne:2 rise:1 450:1 question:1 extent:1 automatic:1 problem:1 chairman:1 manaspas:1 xuto:1 thailand:1 hold:2 consultation:2 throughout:1 day:1 separate:1 meeting:1 ahead:1 within:1 president:1 tonight:1
|
U.S. MAKES CONCILIATORY MOVE AT RUBBER PACT TALKS
The U.S. Has dropped its insistence that
the floor price in a new International Natural Rubber
Agreement, INRA, be revised downward under certain
circumstances, conference sources said.
The surprise conciliatory move by the U.S. Meets one of the
producers' main concerns -- that the floor price, or 'lower
indicative price,' remain unchanged, they said.
It is not clear, however, whether all consuming countries
will follow suit, as a number of them, in particular Britain,
West Germany and Belgium, appeared to have strong reservations,
the sources added.
The group of consumers has been seeking an adjustment of
the 'lower indicative price' (set at 150 Malaysian/Singapore
cents a kilo in the present pact) if the buffer stock,
currently 360,000 tonnes, rises to 450,000 tonnes.
The sources said the question of to what extent price
adjustments should be automatic remains a problem.
Conference chairman Manaspas Xuto of Thailand has been
holding consultations with producers and consumers throughout
the day.
The consumers' group is now holding a separate meeting
ahead of further consultations within the 'president's group'
tonight.
|
training/4944
|
training/4944 |@title fed:1 see:1 content:1 u:2 february:1 economy:1 |@word february:10 report:3 reflect:3 slim:2 gain:9 industrial:7 output:6 moderate:1 inflation:8 pressure:1 reinforce:1 expectation:2 federal:3 reserve:3 continue:2 follow:2 stable:1 course:1 monetary:2 policy:2 economist:4 say:22 fed:8 reason:1 anything:1 steve:1 slifer:3 lehman:1 government:1 securities:2 inc:4 hint:1 gnp:1 pick:1 front:1 well:2 money:1 supply:1 control:1 absolutely:1 ideal:1 situation:1 u:7 production:9 rise:18 0:14 5:7 pct:24 slightly:1 less:2 7:4 financial:2 market:2 expect:4 compare:1 1:5 january:7 number:1 previously:1 4:6 increase:3 producer:5 price:14 index:1 3:6 6:1 ppi:4 go:1 look:2 positively:1 allan:1 leslie:1 discount:1 corporation:1 certainly:1 bad:1 volcker:2 chairman:2 lately:1 growth:1 along:1 line:1 want:1 energy:5 product:1 component:1 9:2 8:6 show:4 impact:1 behind:1 term:1 move:1 15:1 dlrs:2 18:1 per:1 barrel:1 maria:1 ramirez:2 drexel:1 burnham:1 lambert:1 trend:1 still:2 first:6 half:3 year:1 1986:3 decline:3 contribute:2 2:2 sharp:2 drop:7 auto:3 passenger:1 car:1 fall:1 light:1 truck:1 yesterday:1 paul:1 possibility:1 renew:1 remain:1 concern:1 may:5 lower:1 today:1 robert:1 brusca:4 nikko:1 international:1 low:3 permit:1 maintain:1 easy:1 import:4 could:2 necessitate:2 weak:2 dollar:7 outlook:1 air:1 need:2 compete:1 foreign:2 electronic:2 equipment:3 many:1 good:3 produce:3 overseas:2 raise:1 bode:1 ill:1 competitiveness:1 diminish:1 investment:1 debt:1 add:1 high:1 interest:1 rate:5 bond:1 contrast:1 11:1 quarter:5 1985:2 large:3 degree:1 22:1 trade:1 weight:1 real:1 value:1 1987:2 manufacturer:1 contract:2 put:1 place:1 current:1 level:1 expire:1 new:1 make:1 david:1 wyss:3 data:2 resources:1 note:1 manufacture:2 annual:3 second:1 side:1 begin:2 find:1 competitive:1 late:1 point:5 average:1 encouraging:1 sign:2 manufacturing:1 sector:1 revive:1 stephen:1 roach:4 morgan:1 stanley:1 co:1 convince:1 portend:1 economic:1 much:1 strength:1 come:1 factor:1 sustained:1 stiker:1 return:1 work:1 farm:1 industry:1 help:1 account:2 one:1 business:4 utility:1 mostly:1 activity:1 finally:1 assembly:1 million:2 unit:4 like:1 automaker:1 mln:2 sell:1 roughly:1 seven:2 disparity:1 sale:3 inventory:4 outstrip:1 demand:1 since:1 july:1 1979:1 commerce:1 department:1 monthly:1 record:1 nonetheless:1 react:1 month:4 change:1 stand:2 pat:2 last:1 least:1 next:1 couple:1
|
FED SEEN CONTENT WITH U.S. FEBRUARY ECONOMY
U.S. February reports reflecting slim
gains in industrial output and moderating inflation pressures
reinforced expectations that the Federal Reserve will continue
to follow a stable course of monetary policy, economists said.
'If you're the Fed, there's no reason to do anything,' said
Steve Slifer of Lehman Government Securities Inc.
'There are hints that GNP is picking up. On the inflation
front, all is well,' he said. 'Money supply is well under
control. It's an absolutely ideal situation.'
February U.S. industrial production rose 0.5 pct, slightly
less than the 0.7 pct gain the financial markets had expected.
This compared with a slim 0.1 pct rise in January's production
number, previously reported as a 0.4 pct increase.
The February U.S. producer price index gained only 0.1 pct,
less than a 0.3-0.4 pct expected rise. This followed a 0.6 pct
rise in the PPI in January.
'The Fed is going to look at this positively,' said Allan
Leslie of Discount Corporation. 'Certainly inflation is not as
bad as what Volcker (Fed Chairman) has said lately. Industrial
production growth is along the lines of what the Fed wants.'
The energy products component of PPI rose 4.0 pct in
February, after a 9.8 pct increase in January.
'This shows that the impact of energy prices on inflation
is behind us in terms of the move from 15 dlrs to 18 dlrs per
barrel,' said Maria Ramirez of Drexel Burnham Lambert Inc. 'The
trend is still 3.5 pct in the first half of the year.'
In 1986, declining energy prices contributed to a 2.5 pct
decline in the PPI.
Economists said that a rise in energy prices was expected,
but a sharp drop in auto prices was not. Passenger car prices
fell 3.4 pct and light truck prices dropped 1.3 pct.
Yesterday, Federal Reserve Chairman Paul Volcker said that
a possibility of renewed inflation remains a concern in both
the financial markets and the Federal Reserve.
'The Fed may be lowering its own inflation expectations
today,' said Robert Brusca of Nikko Securities International.
While low inflation permits the Fed to maintain an easier
monetary policy, Brusca said if import prices do not rise this
could necessitate a weaker dollar.
'The outlook for the dollar is still up in the air,' he
said. 'We need inflation for U.S. producers to compete with
foreign producers.'
Brusca said prices of electronic equipment dropped 0.8 pct
in February's PPI. With many electronic goods produced
overseas, this may show that foreign producers are not raising
prices which bodes ill for U.S. competitiveness, he said.
If further dollar declines are needed, this could diminish
overseas investment in U.S. debt, Brusca added, which might
necessitate higher interest rates and lower bond prices.
By contrast, Slifer said imported goods prices rose 11.8
pct from first quarter 1985 to first quarter 1986 reflecting to
a large degree a 22 pct drop in the trade-weighted real value
of the dollar from February 1985 to February 1987.
Slifer said import prices may rise further as
manufacturers' contracts put in place before the dollar dropped
to current levels expire, and new contracts are made that
reflect a weaker dollar.
David Wyss of Data Resources Inc noted that imported
manufactured goods prices rose 8.5 pct at an annual rate in the
second half of 1986, which has contributed to rising U.S.
industrial output.
'It's the other side of the lower dollar,' Wyss said.
'Producers are beginning to find themselves more competitive
and they are increasing output.'
Wyss said that the latest data point to an average
industrial production gain of 0.3-0.4 pct in the first quarter.
'It's an encouraging sign that the manufacturing sector is
beginning to revive.'
But Stephen Roach of Morgan Stanley and Co Inc was not
convinced that the February reports portend economic gains. He
said much of the strength came from factors that do not point
to a sustained rise in industrial output.
Roach pointed out that stikers returning to work in farm
equipment industries helped account for a one pct rise in
February business equipment production.
Utilities output rose 0.7 pct in February after gaining 1.2
pct in January, but Roach said it shows mostly that more energy
was produced, not that manufacturing activity gained.
Finally, he pointed out that auto production accounted for
half of the industrial production gain as production of auto
assemblies rose to 8.3 million units at an annual rate from 7.5
million units.
'In the first quarter, it looks like automakers are
producing at an 8.5 mln unit annual rate, but selling at
roughly a seven mln unit rate,' Roach said. 'The disparity
between output and sales is showing up in inventories.'
Economists pointed to sharp rise in January U.S. business
inventories as a sign that production may be outstripping
demand in the first quarter of 1987.
January business inventories rose 0.9 pct, the largest gain
since July 1979 when inventories rose 1.7 pct, the Commerce
Department said. Business sales dropped 4.5 pct in January, the
largest monthly sales drop on record.
Nonetheless, economists do not expect the Fed to react to
month-to-month changes. 'The Fed has been standing pat for the
last seven months,' Ramirez said. 'They will continue to stand
pat for at least the next couple of months.'
|
training/4951
|
training/4951 |@title mobil:1 mob:1 capital:1 expenditure:1 lower:1 1987:1 |@word mobil:10 corp:2 chairman:2 allen:1 e:1 murray:4 say:8 annual:3 report:3 issue:1 today:1 company:5 total:1 1987:1 capital:3 expenditure:3 would:1 low:1 three:2 billion:4 dlrs:5 spend:1 1986:3 overall:1 exploration:9 fall:1 slightly:1 level:1 although:2 ready:1 increase:1 spending:1 whenever:1 outlook:1 become:1 promising:1 datum:1 show:1 cut:2 every:1 year:2 since:2 1984:1 3:2 6:1 5:1 1985:1 tell:1 shareholder:1 despite:1 promise:1 acreage:1 explore:1 well:1 major:1 oil:2 gas:1 reserve:1 develop:1 u:2 canada:1 europe:1 africa:1 indonesia:1 past:1 two:1 week:2 announce:2 restructuring:2 domestic:1 development:2 organization:4 service:1 unit:1 support:2 new:1 affiliate:2 explain:1 change:1 need:1 lean:1 get:1 efficient:1 usage:1 asset:1 john:1 lord:1 spokesman:1 first:1 reorganization:1 combine:1 current:1 produce:1 one:1 production:2 inc:2 effective:1 present:1 improve:1 upstream:2 competitive:1 position:1 yesterday:1 restructure:1 producing:1 services:1 mepsi:1 enhance:1 transfer:1 technology:2 critical:1 area:2 drilling:1 resevoir:1 management:1 computer:1 system:1 earning:1 operation:1 827:1 mln:1 54:1 pct:1 previous:1 1:1 8:1 earnings:1 strategy:1 sector:1 give:1 attention:1 possibility:1 great:3 long:1 term:1 potential:2 include:1 emphasis:2 frontier:1 play:1 risky:1 fit:1 strength:1 size:1 probably:1 also:1 mean:1 shift:1 toward:1 foreign:1 selective:1 overseas:1 offer:1
|
MOBIL <MOB> CAPITAL EXPENDITURES LOWER IN 1987
Mobil Corp chairman Allen E. Murray
said in the annual report issued today that the company's total
1987 capital expenditures would be lower than the three
billion dlrs spent in 1986.
'Overall capital and exploration expenditures will fall
slightly below the level for 1986 although we'll be ready to
increase spending whenever the outlook becomes more promising,'
Murray said.
Mobil data in the annual report shows capital expenditures
have been cut every year since 1984's 3.6 billion dlrs to 3.5
billion dlrs in 1985.
Murray told shareholders that despite the cuts 'the company
has promising acreage to explore as well as major oil and gas
reserves to develop in the U.S., Canada, Europe, Africa and
Indonesia.
Over the past two weeks Mobil has announced restructuring
of its domestic exploration and development organization and
this week a restructuring of its oil services units, which
support the new affiliate.
'Mobil's chairman has explained this change by saying we
need a leaner organization to get more efficient usage from our
assets,' said John Lord, a Mobil Corp spokesman.
Murray said in announcing the first reorganization, which
will combine its current three exploration and producing
affiliates into one organization, Mobil Exploration and
Production U.S. Inc, that it is more effective than the present
organization and will improve the company's upstream
competitive position.
Yesterday the company said that it will restructure its
Mobil Exploration and Producing Services Inc, MEPSI, to enhance
the development and transfer of technology supporting critical
areas of exploration, drilling, resevoir management and
computer systems.
Earnings from Mobil's upstream operations in 1986 were 827
mln dlrs, down 54 pct from the previous year's 1.8 billion dlrs
in earnings.
Mobil's strategy in the exploration and production sector
will be to give most attention to exploration possibilities
with the greatest long term potential, the company said.
In its annual report, Mobil said that this will include
greater emphasis on 'frontier plays that, although riskier, fit
our strengths of technology and size...This probably also means
a shift toward emphasis in the foreign area since selective
overseas exploration offers greater potential.'
|
training/4952
|
training/4952 |@title interconnect:1 prefer:1 friendly:1 gate:1 glj:1 offer:1 |@word interconnect:4 capital:3 say:3 seek:1 acquire:1 gates:4 learjet:4 corp:3 friendly:1 term:1 late:1 yesterday:1 company:1 offer:1 7:1 07:1 dlrs:2 per:1 share:2 gate:2 intend:1 purchase:1 loan:1 13:1 mln:1 bid:1 successful:1 control:1 inc:1 64:1 8:1 pct:1
|
INTERCONNECT PREFERS FRIENDLY GATES <GLJ> OFFER
<Interconnect Capital> said it
seeks to acquire Gates Learjet Corp on friendly terms.
Late yesterday the company said it has offered 7.07 dlrs
per share for all Gates Learjet shares.
Interconnect Capital said it intends to purchase the <Gates
Corp> loan to Gates Learjet for 13 mln dlrs should its bid be
successful.
Interconnect Capital is controlled by <Interconnect Inc>.
Gates Corp owns 64.8 pct of Gates Learjet.
|
training/4953
|
training/4953 |@title brazilian:1 troop:1 leave:1 oil:1 refinery:1 |@word brazil:5 labour:2 trouble:2 ease:1 little:1 today:6 authority:1 announce:2 withdraw:1 troop:3 country:4 main:2 oil:4 installation:1 occupy:1 three:1 day:1 ago:1 go:1 request:2 state:2 company:4 petrobra:3 threat:2 strike:10 55:1 000:2 industry:2 employee:3 say:5 statement:2 withdrawal:1 situation:1 refinery:1 calm:1 indicate:1 willingness:1 negotiate:1 pay:3 deal:1 national:3 seaman:5 however:1 continue:2 marines:2 remain:1 port:3 despatch:1 two:2 week:2 old:1 rule:1 illegal:1 last:1 friday:1 spokesman:1 headquarters:1 rio:2 de:2 janeiro:2 total:1 l63:1 ship:1 bind:1 135:1 28:1 foreign:2 yesterday:1 small:1 specialise:1 transport:1 chemical:1 global:1 flumar:1 accord:1 secure:1 120:1 pct:1 increase:1 brazilian:1 newspaper:1 hail:1 agreement:1 sign:1 could:1 soon:1 come:2 end:1 employ:1 200:1 union:2 leader:2 vast:1 majority:1 40:1 still:2 stoppage:1 appear:1 recede:1 would:2 meet:1 talk:1 next:1 wednesday:1 minister:1 almir:1 pazzionotto:1 act:1 mediator:1 besides:1 industrial:1 also:1 considerable:1 unrest:1 agricultural:1 sector:1 tuesday:1 hundred:1 thousand:1 farmer:2 hold:1 rally:1 throughout:1 protest:2 high:1 interest:2 rate:1 television:1 report:1 show:1 blockade:1 bank:2 vehicle:1 several:1 town:1 sao:1 paulo:1 parana:1 government:1 try:1 extricate:1 serious:1 debt:2 crisis:1 bring:1 deterioration:1 trade:1 balance:1 february:1 20:1 president:1 jose:1 sarney:1 suspend:1 payment:1 68:1 billion:1 dlrs:1 private:1 seamen:1 export:1 delay:1 lose:1 badly:1 need:1 exchange:1
|
BRAZILIAN TROOPS TO LEAVE OIL REFINERIES
Brazil's labour troubles eased a
little today as the authorities announced they were withdrawing
troops from the country's main oil installations occupied three
days ago.
The troops went in at the request of the state-oil company
Petrobras because of the threat of a strike by 55,000 oil
industry employees.
Petrobras said in a statement today it had requested the
withdrawal of the troops. The situation in the refineries was
calm, it said, and the employees had indicated their
willingness to negotiate a pay deal.
A national seamen's strike, however, continued and marines
remained in the country's main ports. The marines were
despatched to the ports after the seamen's strike, now two
weeks old, was ruled illegal last Friday.
A spokesman at the national strike headquarters in Rio de
Janeiro said today a total of l63 ships were strike-bound, 135
in Brazil and 28 in foreign ports.
Yesterday two small companies specialised in the transport
of chemicals, Global and Flumar, struck a pay accord with their
seamen who have secured a 120 pct increase.
Brazilian newspapers today hailed these agreements as a
sign that the national strike could soon come to an end.
Both companies employ fewer than 200 seamen and union
leaders said the vast majority of Brazil's 40,000 seamen were
still on strike.
The threat of a stoppage by oil industry employees appeared
today to be receding. Petrobras said in its statement that the
company would meet union leaders for pay talks in Rio de
Janeiro next Wednesday.
Labour Minister Almir Pazzionotto would act as a mediator.
Besides industrial troubles, there has also been
considerable unrest this week in the agricultural sector.
On Tuesday hundreds of thousands of farmers held rallies
throughout the country to protest against high interest rates.
Television reports showed some of these protests still
continuing today, with farmers blockading banks with their
vehicles in several towns in the states of Sao Paulo and
Parana.
The strikes in Brazil come as the government is trying to
extricate itself from a serious debt crisis brought on by a
deterioration in its trade balance.
On February 20 President Jose Sarney announced that Brazil
was suspending interest payments on 68 billion dlrs of debt to
private banks.
Because of the seamen strike exports are being delayed and
the country is losing badly needed foreign exchange.
|
training/4954
|
training/4954 |@title infinite:1 graphics:1 inc:1 infg:1 3rd:1 qtr:1 jan:1 31:1 net:1 |@word shr:2 profit:4 two:1 ct:4 vs:6 loss:4 11:1 net:2 31:1 734:1 190:1 677:1 sale:2 1:2 325:1 978:1 029:1 921:1 nine:1 mth:1 eight:1 53:1 142:1 200:1 939:1 435:1 4:1 066:1 777:1 2:1 793:1 479:1
|
INFINITE GRAPHICS INC <INFG> 3RD QTR JAN 31 NET
Shr profit two cts vs loss 11 cts
Net profit 31,734 vs loss 190,677
Sales 1,325,978 vs 1,029,921
Nine Mths
Shr profit eight cts vs loss 53 cts
Net profit 142,200 vs loss 939,435
Sales 4,066,777 vs 2,793,479
|
training/4955
|
training/4955 |@title mindscape:1 buy:1 harcourt:1 brace:1 hbj:1 unit:1 |@word mindscsape:1 inc:3 say:2 agree:1 buy:1 educational:1 software:1 unit:1 holt:2 rinehart:2 winston:1 subsidiary:1 harcourt:1 brace:1 jovanovich:1 undisclosed:1 term:1 sale:1 division:1 purchase:1 cbs:1 peak:1 10:1 mln:1 dlrs:1 1985:1 mindscape:1
|
MINDSCAPE BUYS HARCOURT BRACE <HBJ> UNIT
(Mindscsape Inc) said it
agreed to buy the educational software unit of Holt, Rinehart
and Winston Inc, a subsidiary of Harcourt Brace Jovanovich Inc,
for undisclosed terms.
Sales of the division, which had been purchased by Holt,
Rinehart from CBS, peaked at about 10 mln dlrs in 1985,
Mindscape said.
|
training/4956
|
training/4956 |@title health:1 mor:1 inc:1 hmi:1 set:1 dividend:1 |@word qtly:1 dividend:1 17:2 ct:2 vs:1 pay:1 april:1 10:1 record:1 march:1 26:1
|
HEALTH-MOR INC <HMI> SETS DIVIDEND
Qtly dividend 17 cts vs 17 cts
Pay April 10
Record March 26
|
training/4959
|
training/4959 |@title caesars:1 world:2 say:2 consider:2 restructuring:2 sale:2 company:2 caesar:1 |@word
|
CAESARS WORLD SAYS IT CONSIDERS RESTRUCTURING AND SALE TO OTHER COMPANY
CAESARS WORLD SAYS IT CONSIDERS RESTRUCTURING AND SALE TO OTHER COMPANY
|
training/496
|
training/496 |@title redstone:1 detail:1 sweeten:1 viacom:1 via:1 offer:1 |@word investor:1 sumner:1 redstone:14 lead:2 one:2 two:2 group:7 vie:1 control:3 viacom:10 international:1 inc:5 offer:10 sweeten:1 bid:2 company:6 1:3 50:5 dlrs:17 share:7 cash:4 security:1 filing:1 securities:1 exchange:1 commission:1 dedham:1 mass:1 base:1 national:2 amusements:1 theater:1 chain:1 operator:1 raise:4 portion:1 42:1 40:1 also:5 face:1 value:4 preferred:1 stock:4 7:1 six:1 make:1 arsenal:2 holdings:2 amusement:1 subsidiary:1 set:1 purpose:2 give:2 shareholder:1 fifth:1 common:2 takeover:6 say:8 earlier:1 today:2 receive:1 revise:2 mcv:1 management:4 compete:1 already:1 formal:1 merger:3 agreement:2 disclose:1 detail:1 special:1 committee:1 board:1 would:4 review:1 later:1 19:1 5:2 pct:2 stake:2 4:1 agree:3 buy:1 complete:2 unless:1 purchase:1 part:1 tender:1 least:2 half:1 outstanding:1 rival:1 sign:1 confidentiality:1 access:1 financial:1 record:1 provide:3 keep:1 information:1 secret:1 sec:1 file:1 estimate:1 cost:1 2:3 95:1 billion:3 bank:3 america:2 confident:1 275:1 besides:1 financing:3 syndicate:1 separate:1 25:1 mln:7 dlr:1 limited:1 partial:1 commit:1 another:1 592:1 merrill:1 lynch:1 pierce:1 fenner:1 smith:1 increase:1 underwriting:1 commitment:1 175:1 subordinated:1 debt:1 150:1 underwrite:1 early:1 contribute:1 475:1 equity:3 toward:1 contribution:1 consist:1 6:1 881:1 800:1 118:1 new:2 second:1 sweetened:1 deal:1 propose:1 month:1 long:1 bidding:1 war:1 contain:1 newly:1 draw:1 proposed:1 document:1 last:2 week:1 submit:1 call:1 3:2 consisting:1 38:1 prefer:1 eight:1 previous:1
|
REDSTONE DETAILS SWEETENED VIACOM <VIA> OFFER
Investor Sumner Redstone, who leads
one of the two groups vying for control of Viacom International
Inc, offered to sweeten his bid for the company by 1.50 dlrs a
share cash and 1.50 dlrs in securities.
In a filing with the Securities and Exchange Commission,
Redstone, who controls Dedham, Mass.,-based National Amusements
Inc, a theater chain operator, offered to raise the cash
portion of its Viacom offer to 42 dlrs a share from 40.50 dlrs.
Redstone also raised the face value of the preferred stock
he is offering to 7.50 dlrs from six dlrs.
The Redstone offer, which is being made through Arsenal
Holdings Inc, a National Amusements subsidiary set up for that
purpose, which also give Viacom shareholders one-fifth of a
share of Arsenal common stock after the takeover.
Viacom said earlier today it received revised takeover bids
from Redstone and MCV Holdings Inc, a group led by Viacom
management which is competing with Redstone for control of the
company and already has a formal merger agreement with Viacom.
The company did not disclose the details of the revised
offers, but said a special committee of its board would review
them later today.
The Redstone group, which has a 19.5 pct stake in Viacom,
and the management group, which has a 5.4 pct stake, have both
agreed not to buy more shares of the company until a merger is
completed, unless the purchases are part of a tender offer for
at least half of the outstanding stock.
The two rivals also signed confidentiality agreements,
which give them access to Viacom's financial records provided
they keep the information secret.
In his SEC filing, Redstone, who estimated his cost of
completing the takeover at 2.95 billion dlrs, said Bank of
America is confident it can raise 2.275 billion dlrs.
Besides the financing it would raise through a bank
syndicate, Bank of America has also agreed to provide a
separate 25 mln dlr for the limited purpose of partial
financing and has committed to provide another 592 mln dlrs,
Redstone said.
Merrill Lynch, Pierce Fenner and Smith Inc has increased
its underwriting commitment to 175 mln dlrs of subordinated
financing debt for the Viacom takeover, from the 150 mln dlrs
it agreed to underwrite earlier, Redstone said.
Redstone said his group would contribute more than 475 mln
dlrs in equity toward the takeover.
The Redstone equity contribution to the takeover would
consist of all of his group's 6,881,800 Viacom common shares
and at least 118 mln dlrs cash, he said.
The new offer, the second sweetened deal Redstone has
proposed in his month-long bidding war with management, also
contains newly drawn up proposed merger documents, he said.
Last week, the management group submitted what it called
its last offer for the company, valued at 3.1 mln dlrs and
consisting of 38.50 dlrs a share cash, preferred stock valued
at eight dlrs a share and equity in the new company. Redstone's
previous offer had been valued at 3.2 billion dlrs.
|
training/4960
|
training/4960 |@title fairchild:2 industries:2 inc:2 4th:2 qtr:2 oper:2 shr:2 loss:4 44:2 ct:4 vs:2 eight:2 |@word
|
FAIRCHILD INDUSTRIES INC 4TH QTR OPER SHR LOSS 44 CTS VS LOSS EIGHT CTS
FAIRCHILD INDUSTRIES INC 4TH QTR OPER SHR LOSS 44 CTS VS LOSS EIGHT CTS
|
training/4962
|
training/4962 |@title mobil:1 mob:1 add:1 natural:1 gas:1 reserve:1 1986:1 |@word mobil:3 corp:1 increase:3 net:5 proven:1 reserve:7 natural:4 gas:4 liquid:2 1986:4 previous:5 year:7 accord:1 datum:3 annual:1 report:2 state:1 total:1 prove:2 end:1 stand:1 2:1 5:1 billion:1 barrel:8 94:1 mln:8 four:2 pct:3 detailed:1 show:2 gain:2 result:1 proved:2 liquids:1 say:2 indonesia:1 sixth:1 production:2 facility:1 begin:1 operation:1 october:1 capacity:2 manufacture:1 1:1 7:1 tonne:1 liquified:1 company:1 also:3 new:1 bring:1 onstream:1 last:1 replace:1 120:1 decline:1 detail:1 u:1 crude:2 oil:2 fall:2 837:1 853:1 1985:1 low:1 canada:1 224:1 europe:1 403:1 level:1 231:1 439:1 respectively:1
|
MOBIL <MOB> ADDS NATURAL GAS RESERVES IN 1986
Mobil Corp increased net proven
reserves of natural gas liquids in 1986 from the previous year
according to data in its 1986 annual report.
The report states that total net proved reserves at year's
end stood at 2.5 billion barrels, an increase of 94 mln barrels
or four pct above the previous year and detailed data show that
the gains resulted from an increase in net proved reserves of
natural gas liquids.
Mobil said gains were in Indonesia where a sixth production
facility began operation in October with a capacity to
manufacture 1.7 mln tonnes of liquified natural gas.
The company also said that new capacity brought onstream
last year replaced 120 pct of Mobil's production, which
declined by about four pct in 1986 from the previous year.
Detailed data on reserves shows that U.S. net proved
reserves of crude oil fell to 837 mln barrels from 853 mln
barrels in 1985, natural gas liquid reserves were also lower in
1986 from the previous year.
Net proved crude oil reserves also fell in Canada to 224
mln barrels and in Europe to 403 mln barrels from the previous
year's level of 231 mln barrels and 439 mln barrels,
respectively.
|
training/4963
|
training/4963 |@title arco:1 sell:1 two:1 agricultural:1 research:1 operation:1 |@word atlantic:2 richfield:2 co:3 say:3 sell:2 plan:1 cell:2 research:2 institute:1 unit:1 arco:2 seed:2 operation:2 two:1 transaction:1 undisclosed:1 price:1 company:1 dublin:1 calif:2 base:1 plant:1 montedision:1 spa:1 milan:1 italy:1 u:1 f:1 genetic:1 hollister:1 divestiture:1 line:1 policy:1 focus:1 resource:1 oil:1 gas:1 chemical:1 coal:1
|
ARCO SELLS TWO AGRICULTURAL RESEARCH OPERATIONS
Atlantic Richfield Co said it sold
its Plan Cell Research Institute unit and its Arco Seed Co
operations in two transactions for undisclosed prices.
The company said it sold Dublin, Calif.-based Plant Cell
Research to Montedision SpA of Milan, Italy, and ARCO Seed Co
to U.F. Genetics of Hollister, Calif.
Atlantic Richfield said the divestitures are in line with
its policy of focusing resources on oil, gas, chemical and coal
operations.
|
training/4964
|
training/4964 |@title caesars:1 world:1 caw:1 say:1 mull:1 restructuring:1 |@word caesars:2 world:2 inc:1 reject:1 28:1 dlr:1 share:1 takeover:2 bid:1 new:1 york:1 investor:1 martin:1 sosnoff:2 say:2 consider:1 alternative:2 include:1 restructuring:1 company:1 sale:1 someone:1 else:1 filing:1 securities:1 exchange:1 commission:1 board:1 decide:1 special:1 meeting:1 yesterday:1 explore:1 investigate:1 several:1 effort:1 thwart:1 attempt:1
|
CAESARS WORLD <CAW> SAYS IT MULLS RESTRUCTURING
Caesars World Inc, in rejecting a 28
dlr a share takeover bid by New York investor Martin Sosnoff,
said it is considering alternatives that include a
restructuring of the company and the sale to someone else.
In a filing with the Securities and Exchange Commission,
Caesars World said its board decided at a special meeting
yesterday to 'explore and investigate' several alternatives in
an effort to thwart Sosnoff's takeover attempt.
More
|
training/4965
|
training/4965 |@title low:1 sugar:1 price:1 may:1 attract:1 soviet:1 chinese:1 |@word decline:1 raw:1 sugar:1 price:1 likely:1 attract:1 buying:1 soviet:1 union:1 china:1 woodhouse:1 drake:1 carey:1 say:3 late:1 weekly:1 market:1 report:2 present:1 low:1 terminal:1 value:1 may:1 reflection:1 lack:1 renew:1 prompt:1 offtake:1 particularly:1 two:1 large:1 consumer:1 week:1 see:1 good:1 demand:1 thai:1 raws:1 particulary:1 october:2 december:1 shipment:1 trade:1 twenty:1 point:1 premium:1 new:1 york:1 delivery:1
|
LOW SUGAR PRICES MAY ATTRACT SOVIET/CHINESE
Any further decline in raw sugar prices
is likely to attract buying from the Soviet Union and China,
Woodhouse, Drake and Carey said in their latest weekly market
report.
Present lower terminal values may be a reflection of the
lack of renewed prompt offtake, particularly from these two
large consumers, the report said.
The week has seen good demand for Thai raws, particulary
for October/December shipment, which has traded above twenty
points premium to the October New York delivery, it said.
|
training/497
|
training/497 |@title montedison:1 conclude:1 talk:1 antibioticos:1 |@word montedison:2 spa:1 moni:1 mi:1 say:2 conclude:2 negotiation:1 spanish:2 pharmaceuticals:1 company:3 antibioticos:3 sa:1 spokesman:1 tell:1 reuter:1 talk:2 await:1 authorization:1 authority:1 decline:1 comment:1 earlier:1 today:2 italian:2 postpone:1 scheduled:1 press:2 conference:1 report:1 agree:1 acquire:1 500:1 billion:1 lira:1
|
MONTEDISON CONCLUDES TALKS WITH ANTIBIOTICOS
Montedison Spa <MONI.MI> said it has
concluded its negotiations with Spanish pharmaceuticals company
<Antibioticos SA>.
A company spokesman told Reuters 'We have concluded the
talks and we are now awaiting authorization from Spanish
authorities.' He declined to comment further.
Earlier today the Italian company postponed a scheduled
press conference on its talks with Antibioticos. An Italian
press report today said Montedison has agreed to acquire
Antibioticos for 500 billion lire.
|
training/4970
|
training/4970 |@title chemlawn:1 chem:1 seek:1 bid:1 march:1 18:1 |@word chemlawn:9 corp:1 say:6 ask:1 potential:3 purchaser:3 company:3 submit:2 proposal:1 1700:1 est:1 march:1 18:1 waste:4 management:4 inc:2 wmx:1 intend:1 participate:1 bidding:2 process:2 confidentiality:2 agreement:2 financial:1 advisor:1 smith:1 barney:1 harris:1 upham:1 co:1 27:1 dlr:1 per:1 share:1 tender:1 offer:1 underway:1 already:2 reject:1 inadequate:1 hold:1 talk:1 various:1 party:1 sale:1 inform:1 mnust:1 sign:2 agreemnent:1 receive:1 confidential:1 information:2 would:2 supply:2 make:1 exception:1 give:1 advantage:1
|
CHEMLAWN <CHEM> SEEKS BIDS BY MARCH 18
ChemLawn corp said it has asked
potential purchasers of the company to submit their proposals
by 1700 EST on March 18.
ChemLawn said if Waste Management Inc <WMX> intends to
participate in the bidding process, it will have to submit a
confidentiality agreement to Chemlawn financial advisor Smith
Barney, Harris Upham and Co Inc.
Waste Management has a 27 dlr per share tender offer for
Chemlawn underway that Chemlawn has already rejected as
inadequate.
Chemlawn has already said it is holding talks with various
parties on the sale of the company and said it has informed all
potential purchasers that they mnust sign confidentiality
agreemnents to receive confidential information on Chemlawn.
ChemLawn said if Waste Management were to sign such an
agreement, ChemLawn would supply it with the same information
being supplied to other potential purchasers. But it said it
will not make an exception for Waste Management which would
give that company an advantage in the bidding process.
|
training/4972
|
training/4972 |@title gts:1 corp:1 gtsc:1 4th:1 qtr:1 dec:1 31:1 loss:1 |@word shr:2 loss:8 48:1 ct:3 vs:6 10:1 net:3 1:3 234:1 000:9 259:1 revs:2 715:1 941:1 year:1 26:1 dlrs:1 34:1 3:2 229:1 870:1 001:1 9:1 767:1 note:1 1986:1 period:1 include:1 672:1 300:1 dlr:2 writedown:1 value:1 seismic:1 laboratory:1 165:1 increase:1 reserve:1 doubtful:1 account:1
|
GTS CORP <GTSC> 4TH QTR DEC 31 LOSS
Shr loss 48 cts vs loss 10 cts
Net loss 1,234,000 vs loss 259,000
Revs 715,000 vs 1,941,000
Year
Shr loss 1.26 dlrs vs loss 34 cts
Net loss 3,229,000 vs loss 870,000
Revs 3,001,000 vs 9,767,000
NOTE: 1986 net both periods includes 672,300 dlr writedown
of value of seismic laboratory and 165,000 dlr increase in
reserve for doubtful accounts.
|
training/4974
|
training/4974 |@title fairchild:1 industries:1 inc:1 fen:1 4th:1 qtr:1 loss:1 |@word oper:6 shr:2 loss:10 44:1 ct:5 vs:6 eight:1 net:2 3:4 158:1 000:4 profit:2 2:1 035:1 rev:2 166:2 0:1 mln:9 162:1 year:1 34:1 93:1 7:1 599:1 283:1 643:1 576:1 note:1 per:1 share:6 result:1 provision:1 pfd:1 dividend:1 fourth:1 qtr:2 earning:2 exclude:2 discontinue:3 operation:3 67:1 6:1 dlrs:9 4:2 72:1 25:1 8:3 1:2 81:1 tax:1 reverse:1 versus:2 gain:1 14:1 1985:2 4th:1 1986:1 62:1 5:1 41:1 12:1 24:1
|
FAIRCHILD INDUSTRIES INC <FEN> 4TH QTR LOSS
Oper shr loss 44 cts vs oper loss eight cts
Oper net loss 3,158,000 vs profit 2,035,000
Rev 166.0 mln vs 162.3 mln
Year
Oper shr loss 34 cts vs loss 93 cts
Oper net profit 7,599,000 vs loss 283,000
Rev 643.3 mln vs 576.3 mln
NOTE: Per share results after provision for pfd dividends.
Fourth qtr earnings exclude loss from discontinued
operations of 67.6 mln dlrs, or 4.72 dlrs a share, and a loss
of 25.8 mln dlrs, or 1.81 dlrs a share, from tax reverse,
versus a gain from discontinued operations of 1.8 mln dlrs, or
14 cts a share, in 1985's 4th qtr.
1986 oper earnings excludes loss from discontinued
operations of 62.5 mln dlrs, or 4.41 dlrs a share, versus a
loss of 166.8 mln dlrs, or 12.24 dlrs a share, in 1985.
|
training/4976
|
training/4976 |@title smartname:1 buy:1 american:1 information:1 network:1 |@word smartnames:1 inc:1 say:2 reach:1 agreement:2 principle:1 buy:1 american:2 information:1 network:1 term:1 disclose:1 company:1 purchase:1 allow:1 meet:1 need:1 broad:1 range:1 direct:1 mail:1 industry:1 customer:1
|
SMARTNAMES TO BUY AMERICAN INFORMATION NETWORK
SmartNames Inc said it reached
an agreement in principle to buy American Information Network.
Terms of the agreement were not disclosed.
The company said the purchase of American will allow it to
meet the needs of a broader range of direct mail industry
customers.
|
training/498
|
training/498 |@title utilicorp:1 ucu:1 complete:1 acquisition:1 |@word utilicorp:1 united:1 inc:1 say:2 complete:1 acquisition:1 west:3 virginia:3 power:1 dominion:1 resource:1 21:1 mln:1 dlrs:1 sale:1 approve:1 public:1 service:1 commission:1 january:1 become:1 effective:1 march:1 one:1 management:1 continue:1 responsible:1 operate:1 utility:1
|
UTILICORP <UCU> COMPLETES ACQUISITION
UtiliCorp United Inc said it
completed the acquisition of West Virginia Power from Dominion
Resources for about 21 mln dlrs.
The sale was approved by the West Virginia Public Service
Commission in January and became effective March one. West
Virginia's management will continue to be responsible for
operating the utility, it said.
|
training/4981
|
training/4981 |@title arco:1 acr:1 sell:1 two:1 operation:1 |@word atlantic:2 richfield:2 co:3 say:3 sell:2 plan:1 cell:2 research:2 institute:1 unit:1 arco:2 seed:2 operation:2 two:1 transaction:1 undisclosed:1 price:1 company:1 dublin:1 calif:2 base:1 plant:1 montedision:1 spa:1 milan:1 italy:1 u:1 f:1 genetic:1 hollister:1 divestiture:1 line:1 policy:1 focus:1 resource:1 oil:1 gas:1 chemical:1 coal:1
|
ARCO <ACR> SELLS TWO OPERATIONS
Atlantic Richfield Co said it sold
its Plan Cell Research Institute unit and its Arco Seed Co
operations in two transactions for undisclosed prices.
The company said it sold Dublin, Calif.-based Plant Cell
Research to <Montedision SpA> of Milan, Italy and ARCO Seed Co
to U.F. Genetics of Hollister, Calif.
Atlantic Richfield said the divestitures are in line with
its policy of focusing resources on oil, gas, chemical and coal
operations.
|
training/4983
|
training/4983 |@title ecuador:1 begin:1 work:1 oil:1 pipeline:1 colombia:1 |@word construction:1 worker:1 today:1 begin:1 build:2 26:1 km:1 16:1 mile:1 pipeline:10 link:1 ecuador:6 jungle:2 oilfield:2 colombia:3 ecuadorean:7 crude:4 could:1 pump:2 pacific:3 coast:2 energy:3 minsitry:1 official:3 say:7 would:3 take:2 two:1 month:2 least:1 15:1 mln:2 dlrs:2 lago:2 agrio:2 puerto:2 colon:2 connection:1 colombian:3 go:1 port:2 tumaco:3 ocean:2 design:1 transport:2 30:1 000:5 50:1 barrel:1 day:1 bpd:4 ample:1 room:1 currently:1 17:1 100:1 capacity:1 ministry:2 reach:1 ship:1 boat:1 refine:1 oil:2 product:1 meet:1 domestic:1 demand:1 completion:1 allow:1 resume:1 production:1 paralyse:1 since:1 march:1 six:1 earthquake:3 night:1 tremor:1 rupture:1 country:1 main:1 balao:2 260:1 five:1 repair:2 government:1 estimate:1 cost:1 145:1 150:1 installation:1 damage:1 javier:1 espinosa:1
|
ECUADOR BEGINS WORK ON OIL PIPELINE TO COLOMBIA
Construction workers today began building
a 26 km (16 mile) pipeline to link Ecuador's jungle oilfields
to a pipeline in Colombia through which Ecuadorean crude could
be pumped to the Pacific Coast, Ecuadorean energy minsitry
officials said.
They said it would take about two months and at least 15
mln dlrs to build the pipeline from Lago Agrio in Ecuador to
Puerto Colon, Colombia for connection to the Colombian
pipeline, which goes to the port of Tumaco on Colombia's
Pacific Ocean coast.
The Lago Agrio to Puerto Colon pipeline is designed to
transport between 30,000 to 50,000 barrels of day (bpd) of
Ecuadorean crude to the Colombian pipeline, they said.
The Colombian pipeline to Tumaco has ample room for
Ecuadorean crude, they said. It is currently transporting about
17,000 bpd out of its 100,000 bpd capacity, an Ecuadorean
energy ministry official said.
The Ecuadorean crude reaching Tumaco will be shipped by
boat to Ecuador for refining into oil products to meet domestic
demand.
The completion of the pipeline would allow Ecuador to
resume some of production, paralysed since March six by an
earthquake the night before.
The tremor ruptured the country's main pipeline from jungle
oilfields to the Ecuadorean port of Balao, on the Pacific
Ocean.
Ecuador was pumping about 260,000 bpd before the
earthquake. It would take about five months to repair the
pipeline to Balao, government officials said.
Ecuador estimates that it will cost between 145 to 150 mln
dlrs to repair oil installations damaged by the earthquake,
energy ministry Javier Espinosa said.
|
training/4987
|
training/4987 |@title dutch:1 trade:1 fully:1 balance:1 january:1 |@word netherlands:1 record:1 flat:1 trade:1 balance:1 january:5 export:2 import:2 total:1 14:1 2:1 billion:5 guilde:3 modestly:1 low:1 compare:3 december:3 sharply:1 last:3 year:3 economics:1 ministry:1 spokesman:1 say:1 quote:1 official:1 statistic:1 1986:2 figure:1 15:2 0:1 25:1 pct:2 level:1 18:2 9:1 3:1 fall:1 17:1 4:1
|
DUTCH TRADE FULLY IN BALANCE BUT DOWN IN JANUARY
The Netherlands recorded a flat trade
balance in January, with both exports and imports totaling 14.2
billion guilders, a modestly lower compared with December but
sharply down from January last year, an Economics Ministry
spokesman said, quoting official statistics.
January 1986 exports compared with a December figure of
15.0 billion guilders and were 25 pct below last year's level
of 18.9 billion.
January 1986 imports compared with 15.3 billion guilders in
December and fell 18 pct from 17.4 billion in January last
year.
|
training/4988
|
training/4988 |@title numerous:1 factor:1 say:1 point:1 ussr:1 corn:1 buying:1 |@word great:2 anticipate:1 need:4 competitive:4 price:7 political:1 motivation:1 could:2 spark:2 soviet:12 interest:1 u:8 corn:17 industry:3 government:2 official:3 say:10 rumor:1 circulate:1 grain:3 market:2 today:1 union:3 purchase:1 additional:2 1:1 5:2 mln:9 tonne:9 source:6 note:1 number:1 factor:1 make:3 buying:2 likely:2 first:1 supply:1 concern:1 trade:1 recent:1 speculation:1 last:1 year:2 crop:6 revise:1 190:1 rather:1 210:1 announce:1 therby:1 increase:1 drop:1 argentine:4 prospect:1 also:3 affect:1 buy:3 agriculture:1 department:1 dry:1 weather:1 argentina:5 major:1 supplier:1 ussr:3 report:2 problem:2 prompt:1 usda:4 lower:1 1986:1 87:1 estimate:1 week:3 11:2 0:1 export:2 cut:1 500:1 000:1 6:1 8:1 already:1 commit:1 four:2 two:1 book:1 april:2 june:2 delivery:1 significant:1 downside:1 potential:1 still:1 exist:1 decrease:1 amount:2 country:1 sell:2 moscow:2 think:1 may:3 provide:1 period:1 current:1 world:1 earlier:1 around:1 71:1 dlrs:2 per:1 67:1 spread:1 difference:1 american:1 albert:1 melnikov:1 commercial:1 counselor:1 tell:1 reuter:2 impend:1 cause:1 rise:1 recently:1 strong:1 future:1 feel:1 bottom:1 good:1 time:1 finally:1 minimum:1 guarantee:1 grains:1 agreement:1 hope:1 convince:1 offer:3 subsidy:2 wheat:2 inteview:1 secretary:1 richard:1 lyng:1 decision:1 rule:1
|
NUMEROUS FACTORS SAID POINT TO USSR CORN BUYING
A greater than anticipated need,
competitive prices and political motivations could be sparking
Soviet interest in U.S. corn, industry and government officials
said.
As rumors circulated through grain markets today that the
Soviet Union has purchased an additional 1.5 mln tonnes of U.S.
corn, industry and government sources noted a number of factors
that make Soviet buying of U.S. corn likely.
First, there are supply concerns. Some trade sources said
recent speculation has been that last year's Soviet grain crop
be revised to only 190 mln tonnes, rather than the 210 mln
announced, therby increasing the Soviet need for grain.
A drop in Argentine corn crop prospects could also affect
Soviet corn buying, an Agriculture Department source said.
Dry weather in Argentina -- a major corn supplier to the
USSR -- and reported crop problems prompted USDA to lower its
Argentine 1986/87 corn crop estimate this week to 11.0 mln
tonnes, down from 11.5 mln. Argentina corn exports were also
cut by 500,000 tonnes to 6.8 mln tonnes.
Argentina has already committed four mln tonnes of this
year's corn for export, a USDA official said, with two mln
tonnes of that booked for April-June delivery to the USSR.
'Significant downside potential' still exists for the
Argentine crop, the official said, which will decrease the
amount of additional corn that country can sell to Moscow.
'If the Soviet needs are greater than we have been
thinking, then they might need more than what Argentina can
provide during the April to June period,' he said.
Current competitive prices for U.S. corn have also sparked
Soviet buying.
U.S. corn was reported to be selling on the world market
earlier this week for around 71 dlrs per tonne, Argentine corn
for 67 dlrs -- a very competitive price spread, U.S. and Soviet
sources said.
'This price difference makes American corn competitive,'
Albert Melnikov, commercial counselor for the Soviet Union,
told Reuters.
Impending crop problems in Argentina will likely cause
those prices to rise, and with the recently strong U.S. corn
futures prices, the Soviets might feel corn prices have
bottomed and that this is a good time to buy, sources said.
Finally, some industry sources said that by buying the
minimum amount of corn guaranteed under the U.S./USSR grains
agreement (four mln tonnes), the Soviet Union may be hoping to
convince the USDA to offer Moscow a subsidy on wheat.
In an inteview with Reuters this week, USDA secretary
Richard Lyng said that no decision had been made on a wheat
subsidy offer, but that such an offer had not been ruled out.
|
training/4990
|
training/4990 |@title desoto:1 inc:1 dso:1 regular:1 dividend:1 set:1 |@word qtly:1 div:1 35:2 ct:2 vs:1 previously:1 pay:1 april:1 17:1 record:1 march:1 31:1
|
DESOTO INC <DSO> REGULAR DIVIDEND SET
Qtly div 35 cts vs 35 cts previously
Pay April 17
Record March 31
|
training/4991
|
training/4991 |@title methode:1 electronics:1 inc:1 methb:1 regular:1 payout:1 |@word qtly:1 div:1 class:2 b:1 1:4 2:2 ct:4 vs:2 prior:2 two:2 pay:1 april:2 30:1 record:1 15:1
|
METHODE ELECTRONICS INC <METHB> REGULAR PAYOUT
Qtly div Class B 1-1/2 cts vs 1-1/2 cts prior
Class A two cts vs two cts prior
Pay April 30
Record April 15
|
training/4993
|
training/4993 |@title brazil:1 industrial:1 growth:1 rate:1 slow:1 january:1 |@word growth:2 rate:2 brazilian:2 industrial:2 output:3 slow:1 january:4 6:2 09:1 pct:6 1986:2 month:4 rise:2 71:1 december:1 geography:1 statistics:1 institute:2 figure:1 show:1 result:1 line:1 decline:1 trend:1 since:1 october:1 say:1 12:4 end:3 production:1 10:2 48:1 last:1 year:1 calendar:1 89:1 1985:1 big:1 23:1 68:1 pharmaceutical:1 22:1 machinery:1
|
BRAZIL INDUSTRIAL GROWTH RATE SLOWED IN JANUARY
The growth rate of Brazilian
industrial output slowed in January to 6.09 pct above the same
1986 month after rising 6.71 pct in December, Brazilian
Geography and Statistics Institute figures show.
The result is in line with the declining trend in the
growth rate since October, the Institute said.
In the 12 months to end-January industrial production was
10.48 pct above the 12 months to end-January last year while in
calendar 1986 output was 10.89 pct above 1985.
The biggest output rises in the 12 months to end-January
were 23.68 pct in pharmaceuticals and 22.12 pct in machinery.
|
training/4998
|
training/4998 |@title general:1 cinema:1 corp:1 gcn:1 common:1 stock:1 dividend:1 |@word qtly:1 div:1 15:2 ct:2 vs:1 prior:1 pay:1 april:2 30:1 recrod:1 nine:1
|
GENERAL CINEMA CORP <GCN> COMMON STOCK DIVIDEND
Qtly div 15 cts vs 15 cts prior
Pay April 30
Recrod April nine
|
training/4999
|
training/4999 |@title stephan:1 co:1 ftc:1 year:1 net:1 |@word shr:1 25:1 ct:2 vs:3 18:1 net:1 109:1 131:1 75:1 793:1 revs:1 1:2 811:1 636:1 280:1 618:1
|
STEPHAN CO <FTC> YEAR NET
Shr 25 cts vs 18 cts
Net 109,131 vs 75,793
Revs 1,811,636 vs 1,280,618
|
training/5
|
training/5 |@title national:1 average:1 price:1 farmer:1 reserve:1 |@word u:1 agriculture:1 department:1 report:1 farmer:1 reserve:2 national:1 five:1 day:1 average:1 price:5 february:1 25:3 follow:1 dlrs:2 bu:1 sorghum:3 cwt:2 natl:2 loan:2 release:2 call:2 avge:2 rate:3 x:4 level:5 wheat:4 2:6 55:3 40:1 iv:5 4:3 65:4 v:6 vi:2 45:1 corn:2 1:6 35:1 92:1 3:4 15:2 1986:2 rates:1 oats:1 24:1 0:1 99:1 barley:2 n:2 56:1 34:1 5:4 36:2 54:1 ii:1 iii:1 mature:1 reflect:1 grain:1 enter:2 oct:1 6:1 1981:2 feedgrain:1 july:1 23:1 14:1 82:2 7:1 cover:1 january:1 19:1 1984:1 per:1 100:1 lb:1 available:1
|
NATIONAL AVERAGE PRICES FOR FARMER-OWNED RESERVE
The U.S. Agriculture Department
reported the farmer-owned reserve national five-day average
price through February 25 as follows (Dlrs/Bu-Sorghum Cwt) -
Natl Loan Release Call
Avge Rate-X Level Price Price
Wheat 2.55 2.40 IV 4.65 --
V 4.65 --
VI 4.45 --
Corn 1.35 1.92 IV 3.15 3.15
V 3.25 --
X - 1986 Rates.
Natl Loan Release Call
Avge Rate-X Level Price Price
Oats 1.24 0.99 V 1.65 --
Barley n.a. 1.56 IV 2.55 2.55
V 2.65 --
Sorghum 2.34 3.25-Y IV 5.36 5.36
V 5.54 --
Reserves I, II and III have matured. Level IV reflects
grain entered after Oct 6, 1981 for feedgrain and after July
23, 1981 for wheat. Level V wheat/barley after 5/14/82,
corn/sorghum after 7/1/82. Level VI covers wheat entered after
January 19, 1984. X-1986 rates. Y-dlrs per CWT (100 lbs).
n.a.-not available.
|
training/50
|
training/50 |@title america:1 first:1 mortgage:1 set:1 special:1 payout:1 |@word america:1 first:1 federally:1 guarantee:1 mortgage:1 fund:1 two:1 say:1 make:1 special:1 distribution:1 71:1 6:1 ct:3 per:1 exchangeable:1 unit:1 include:1 67:1 62:1 return:1 capital:1 3:1 98:1 income:1 gain:1
|
AMERICA FIRST MORTGAGE SETS SPECIAL PAYOUT
<America First Federally Guaranteed
Mortgage Fund Two> said it is making a special distribution of
71.6 cts per exchangeable unit, which includes 67.62 cts from
return on capital and 3.98 cts from income gains.
|
training/5001
|
training/5001 |@title plm:2 plma:1 unit:1 end:1 merger:1 talk:1 |@word cos:1 inc:1 say:3 plm:2 power:2 co:1 unit:1 break:1 merger:1 discussion:1 sunlaw:2 energy:1 corp:1 beverly:1 hills:1 calif:1 january:1 enter:1 letter:1 intent:1 negotiate:1 potential:1 acquisition:1 subject:1 substantial:1 due:1 diligence:1 company:2 also:1 two:1 able:1 agree:1 mutually:1 satisfactory:1 final:1 term:1 condition:1
|
PLM <PLMA> UNIT ENDS MERGER TALKS
PLM Cos Inc said its PLM Power Co
unit broke off merger discussions with Sunlaw Energy Corp of
Beverly Hills, Calif.
In January PLM Power entered into a letter of intent to
negotiate a potential acquisition of Sunlaw, subject to
substantial due diligence, the company said.
But it also said the two companies were not able to agree
on mutually satisfactory final terms and conditions.
|
training/5002
|
training/5002 |@title colombia:1 open:1 april:1 may:1 coffee:1 registration:1 |@word colombia:1 open:1 coffee:3 export:2 registration:1 april:1 may:1 national:1 grower:1 federation:1 set:1 limit:2 gilberto:1 arango:1 president:1 private:1 exporters:1 association:1 say:1 tell:1 reuters:1 decision:1 put:1 respond:1 new:1 factor:1 emerge:1 recent:1 international:1 organisation:1 talk:1 london:1 producer:1 consumer:1 fail:1 agree:1 introduction:1 quota:1
|
COLOMBIA OPENS APRIL/MAY COFFEE REGISTRATIONS
Colombia opened coffee export
registrations for April and May with the National Coffee
Growers' Federation setting no limit, Gilberto Arango,
president of the private exporters' association, said.
He told Reuters the decision not to put any limit responded
to 'new factors' which have emerged from recent International
Coffee Organisation talks in London, where producers and
consumers failed to agree on a re-introduction of export quotas.
|
training/5003
|
training/5003 |@title usda:1 report:1 10:1 572:1 mln:1 acre:1 conservation:1 |@word u:1 agriculture:1 department:1 accept:3 10:1 572:1 402:1 acre:18 highly:1 erodable:1 cropland:1 conservation:5 reserve:3 program:6 usda:2 announce:1 late:1 signup:3 farmer:1 101:1 020:1 farm:3 submit:1 bid:3 total:2 11:1 254:1 837:1 annual:1 rental:2 payment:3 range:2 90:2 dlrs:5 per:4 average:2 51:1 17:1 land:2 enter:1 ineligible:1 ten:1 year:1 must:1 plant:1 permanent:1 vegetative:1 cover:1 producer:1 enrol:2 1:3 894:1 764:1 corn:6 base:3 acreage:1 take:1 advantage:1 bonus:2 offer:1 pay:1 generic:1 comodity:1 certificate:1 amount:1 two:1 bushel:1 ascs:1 yield:1 state:3 show:2 big:2 enrollment:2 texas:1 approximately:1 225:1 mln:2 follow:1 iowa:1 030:1 minnesota:1 890:1 000:8 montana:1 875:1 kansas:1 842:1 missouri:1 646:1 north:1 dakota:1 588:1 nebraska:1 554:1 belt:1 illinois:1 indiana:1 217:1 116:1 respectively:1 sign:1 date:1 19:1 488:1 587:1 previous:1 45:1 52:1
|
USDA REPORTS 10.572 MLN ACRES IN CONSERVATION
The U.S. Agriculture Department has
accepted 10,572,402 more acres of highly erodable cropland into
the Conservation Reserve Program, USDA announced.
In the latest signup, farmers on 101,020 farms submitted
bids on a total of 11,254,837 acres.
The accepted bids for annual rental payments ranged up to
90 dlrs per acre with an average of 51.17 dlrs per acre.
Land entered into the Conservation Reserve Program will be
ineligible for farming for ten years and must be planted with
permanent vegetative cover.
Producers enrolled 1,894,764 acres of corn base acreage in
the conservation program to take advantage of a corn 'bonus'
rental payment that was offered by USDA.
The corn bonus, to be paid in generic comodity
certificates, amounts to two dlrs per bushel, based on the ASCS
program payment yield for corn, for each acre of corn based
accepted into the reserve.
The state showing the biggest enrollment in the
conservation program during this signup was Texas with
approximately 1.225 mln acres, followed by Iowa with 1.030 mln
acres, Minnesota with 890,000 acres, Montana 875,000 acres, and
Kansas with 842,000 acres.
Other states showing big enrollment were Missouri with
646,000 acres, North Dakota with 588,000 acres, and Nebraska
with 554,000 acres.
In the corn belt states of Illinois and Indiana, 217,000
acres and 116,000 acres respectively were enrolled.
Farm land signed up to date in the conservation program
totals 19,488,587 acres. Bids on the previous signups ranged up
to 90 dlrs per acre with an average of 45.52 dlrs.
|
training/5009
|
training/5009 |@title u:1 meat:1 group:1 file:1 trade:1 complaint:1 |@word american:1 meat:5 institute:1 ame:3 say:2 intend:2 ask:1 u:4 government:2 retaliate:2 european:1 community:1 inspection:1 requirement:1 president:1 c:1 manly:1 molpus:2 also:1 industry:2 would:1 file:2 petition:2 challenge:1 korea:1 ban:1 product:1 tell:1 senate:1 agriculture:1 subcommittee:1 livestock:1 farm:1 group:1 section:1 301:1 general:1 agreement:1 tariffs:1 trade:1 ec:3 directive:1 effective:1 april:1 30:1 require:1 processing:1 plant:1 comply:1 fully:1 standard:1 seek:1 korean:1 export:1 complaint:1 uphold:1
|
U.S. MEAT GROUP TO FILE TRADE COMPLAINTS
The American Meat Institute, AME,
said it intended to ask the U.S. government to retaliate
against a European Community meat inspection requirement.
AME President C. Manly Molpus also said the industry would
file a petition challenging Korea's ban of U.S. meat products.
Molpus told a Senate Agriculture subcommittee that AME and
other livestock and farm groups intended to file a petition
under Section 301 of the General Agreement on Tariffs and Trade
against an EC directive that, effective April 30, will require
U.S. meat processing plants to comply fully with EC standards.
The meat industry will seek to have the U.S. government
retaliate against EC and Korean exports if their complaints are
upheld.
|
training/501
|
training/501 |@title trader:1 detail:1 french:1 cereal:1 export:1 request:1 |@word french:5 operator:1 last:3 friday:2 request:5 licence:1 export:6 10:1 500:3 tonne:8 free:3 market:3 maize:6 11:1 950:1 barley:2 13:1 000:3 soft:2 wheat:2 flour:2 non:4 ec:4 country:4 prefix:2 daily:4 droit:1 commun:1 rebates:1 trade:1 source:1 say:1 late:2 switzerland:2 austria:2 lichtenstein:2 maximum:1 rebate:5 141:1 ecus:3 previous:1 20:1 ecu:1 special:1 set:1 context:2 commission:2 commitment:1 grant:2 season:1 compensation:1 concession:1 u:1 recent:1 dispute:1 grain:1 sale:2 spain:1 accept:1 expect:1 bring:1 total:1 25:1 thursday:1 weekly:1 15:1 ceuta:1 melilla:1 unchanged:2 pre:1 fix:1 restitution:1 125:1 various:1 178:1
|
TRADERS DETAIL FRENCH CEREAL EXPORT REQUESTS
French operators last Friday requested
licences to export 10,500 tonnes of free market maize, 11,950
tonnes of free market barley and 13,000 of soft wheat flour to
non-EC countries, at prefixed daily (droit commun) rebates,
French trade sources said.
The latest requests for the maize were for export to
Switzerland, Austria and Lichtenstein at a maximum daily rebate
prefixed last Friday at 141 Ecus a tonne against a previous 20
Ecu daily rebate.
The special daily rebate for maize was set in the context
of a Commission commitment to grant this season rebates for the
export of 500,000 tonnes of French maize to non-EC countries,
in compensation for concessions to the U.S. in the recent
dispute over grain sales to Spain.
If the latest French requests are accepted as expected,
this will bring the total of French maize exported in this
context to 25,500 tonnes.
The Commission last Thursday granted weekly rebates for the
sale of 15,000 tonnes of free market maize to non-EC countries.
Requests for barley were for export to Switzerland, Austria
and Lichtenstein, Ceuta and Melilla at an unchanged pre-fixed
restitution of 125 Ecus a tonne, while requests for soft wheat
flour were for export to various non-EC countries at an
unchanged 178 Ecus a tonne.
|
training/5012
|
training/5012 |@title meet:1 pro:1 corp:1 mpr:1 pay:1 regular:1 dividend:1 |@word qtrly:1 15:2 ct:2 vs:1 prior:1 pay:1 may:1 eight:1 record:1 april:1 24:1
|
MET-PRO CORP <MPR> TO PAY REGULAR DIVIDEND
Qtrly 15 cts vs 15 cts prior
Pay May Eight
Record April 24
|
training/5013
|
training/5013 |@title aileen:1 inc:1 aee:1 1sr:1 qtr:1 jan:1 31:1 loss:1 |@word shr:1 loss:4 30:1 ct:2 vs:3 20:1 net:1 1:2 553:1 000:3 031:1 revs:1 10:1 0:1 mln:1 8:1 696:1
|
AILEEN INC <AEE> 1SR QTR JAN 31 LOSS
Shr loss 30 cts vs loss 20 cts
Net loss 1,553,000 vs loss 1,031,000
Revs 10.0 mln vs 8,696,000
|
training/5015
|
training/5015 |@title wolverine:1 world:1 wide:1 inc:1 www:1 4th:1 qtr:1 loss:1 |@word shr:2 loss:4 six:1 ct:3 vs:6 profit:4 55:2 net:2 414:1 000:4 3:2 936:1 sale:2 109:1 4:1 mln:5 126:1 8:1 year:2 1:1 75:1 dlrs:1 12:1 589:1 965:1 341:1 7:1 389:1 5:1 note:1 result:1 include:1 14:1 0:1 dlr:1 restructuring:1 charge:1 2nd:1 qtr:1 1986:1
|
WOLVERINE WORLD WIDE INC <WWW> 4TH QTR LOSS
Shr loss six cts vs profit 55 cts
Net loss 414,000 vs profit 3,936,000
Sales 109.4 mln vs 126.8 mln
Year
Shr loss 1.75 dlrs vs profit 55 cts
Net loss 12,589,000 vs profit 3,965,000
Sales 341.7 mln vs 389.5 mln
NOTE: Year results include 14.0 mln dlr restructuring
charge in 2nd Qtr of 1986
|
training/5017
|
training/5017 |@title u:2 exporter:2 report:2 122:2 000:2 tonne:2 corn:2 sell:2 mexico:2 1986:2 87:2 |@word
|
U.S. EXPORTERS REPORT 122,000 TONNES CORN SOLD TO MEXICO FOR 1986/87
U.S. EXPORTERS REPORT 122,000 TONNES CORN SOLD TO MEXICO FOR 1986/87
|
training/5018
|
training/5018 |@title hurco:1 companies:1 inc:1 hurc:1 first:1 qtr:1 net:1 |@word shr:1 profit:2 three:1 ct:2 vs:4 loss:2 18:1 net:1 124:1 000:4 370:1 rev:1 11:2 3:2 mln:2 7:1 avg:1 share:1 673:1 2:1 368:1
|
HURCO COMPANIES INC <HURC> FIRST QTR NET
Shr profit three cts vs loss 18 cts
Net profit 124,000 vs loss 370,000
Rev 11.3 mln vs 11.7 mln
Avg shares 3,673,000 vs 2,368,000
|
training/502
|
training/502 |@title study:1 group:1 urge:1 increase:1 u:1 oil:1 reserve:1 |@word study:3 group:3 say:3 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:5 price:3 domestic:1 industry:2 u:3 policy:2 raise:1 750:1 500:1 help:2 protect:2 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:3 30:1 pct:1 consumption:1 cite:1 two:1 basic:1 path:1 nation:1 fee:1 device:1 accept:1 full:1 economic:1 benefit:2 cheap:1 strongly:1 back:1 either:1 option:1 drawback: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.
The study cited two basic policy paths for the nation: to
protect the U.S. industry through an import fee or other such
device or to accept the full economic benefits of cheap oil.
But the group did not strongly back either option, saying
there were benefits and drawbacks to both.
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/5020
|
training/5020 |@title maxtor:1 mxtr:1 agree:1 acquire:1 u:1 design:1 |@word maxtor:5 corp:2 u:4 design:4 usdc:1 say:3 reach:1 definitive:1 agreement:1 cover:1 acquisition:2 arrangement:1 subject:1 number:2 condition:1 include:1 shareholder:1 approval:1 call:1 issue:2 12:1 mln:1 dlrs:1 worth:1 common:1 stock:2 exchange:1 share:1 determine:1 average:1 closing:1 price:1 10:1 trading:1 day:2 period:1 prior:1 become:1 effective:1 company:1 also:1
|
MAXTOR <MXTR> AGREES TO ACQUIRE U.S. DESIGN
Maxtor Corp and U.S. Design
Corp <USDC>, said they reached definitive agreement covering
the acquisition of U.S. Design by Maxtor.
They said the arrangement, which is subject to a number of
conditions including U.S. Design shareholder approval, calls
for Maxtor to issue 12 mln dlrs worth of its own common stock
in exchange for all of U.S. Design.
The number of Maxtor shares to be issued will be determined
by the average closing price of Maxtor stock over the 10
trading day period prior to the day the acquisition becomes
effective, the companies also said.
|
training/5021
|
training/5021 |@title shared:1 medical:1 systems:1 corp:1 sme:1 set:1 payout:1 |@word qtly:1 div:1 18:2 ct:2 vs:1 prior:1 pay:1 april:1 15:1 record:1 march:1 31:1
|
SHARED MEDICAL SYSTEMS CORP <SMED> SETS PAYOUT
Qtly div 18 cts vs 18 cts prior
Pay April 15
Record March 31
|
training/5029
|
training/5029 |@title weigh:1 tronix:1 inc:1 wght:1 4th:1 qtr:1 net:1 |@word shr:2 18:1 ct:4 vs:7 16:2 net:2 348:1 298:1 308:1 927:1 sale:2 4:1 166:1 750:1 3:1 740:1 970:1 year:1 72:1 52:1 1:4 409:1 867:1 020:1 096:1 5:1 mln:2 15:1 0:1 avg:1 shrs:1 974:1 529:1 956:1 214:1
|
WEIGH-TRONIX INC <WGHT> 4TH QTR NET
Shr 18 cts vs 16 cts
Net 348,298 vs 308,927
Sales 4,166,750 vs 3,740,970
Year
Shr 72 cts vs 52 cts
Net 1,409,867 vs 1,020,096
Sales 16.5 mln vs 15.0 mln
Avg shrs 1,974,529 vs 1,956,214
|
training/5031
|
training/5031 |@title u:1 meat:1 group:1 file:1 trade:1 complaint:1 |@word american:1 meat:4 institute:1 ame:3 say:2 intend:2 ask:1 u:3 government:1 retaliate:1 european:1 community:1 inspection:1 requirement:1 president:1 c:1 manly:1 molpus:2 also:1 industry:1 would:1 file:2 petition:2 challenge:1 korea:1 ban:1 product:1 tell:1 senate:1 agriculture:1 subcommittee:1 livestock:1 farm:1 group:1 section:1 301:1 general:1 agreement:1 tariffs:1 trade:1 ec:2 directive:1 effective:1 april:1 30:1 require:1 processing:1 plant:1 comply:1 fully:1 standard:1
|
U.S. MEAT GROUP TO FILE TRADE COMPLAINTS
The American Meat Institute, AME,
said it intended to ask the U.S. government to retaliate
against a European Community meat inspection requirement.
AME President C. Manly Molpus also said the industry would
file a petition challenging Korea's ban of U.S. meat products.
Molpus told a Senate Agriculture subcommittee that AME and
other livestock and farm groups intended to file a petition
under Section 301 of the General Agreement on Tariffs and Trade
against an EC directive that, effective April 30, will require
U.S. meat processing plants to comply fully with EC standards.
|
training/5033
|
training/5033 |@title cbt:1 trader:1 say:1 u:1 conservation:1 signup:1 neutral:1 |@word 11:2 254:2 837:2 acre:7 highly:1 erodable:1 farmland:1 submit:2 u:1 department:1 agriculture:1 conservation:2 reserve:1 program:4 within:1 trade:1 guess:1 10:2 12:1 mln:1 overall:1 neutral:1 impact:1 grain:2 soybean:1 price:2 monday:1 trader:2 say:2 farmer:2 enrol:1 1:1 894:1 764:1 corn:3 base:1 acreage:1 take:1 advantage:1 bonus:1 rental:2 payment:2 offer:1 usda:2 may:1 underpin:1 new:2 crop:2 future:1 firm:1 earlier:1 week:1 idea:1 large:1 sign:2 note:1 poor:1 yielding:1 set:1 aside:1 result:1 modest:1 decrease:1 final:1 production:1 figure:1 since:1 concentrate:1 high:1 yield:1 land:2 total:2 erodoble:1 accept:1 572:1 402:1 average:1 51:1 17:1 dlrs:1 per:1 farm:1 date:1 19:1 488:1 587:1
|
CBT TRADERS SAY U.S. CONSERVATION SIGNUP NEUTRAL
The 11,254,837 acres of highly erodable
farmland submitted to the U.S. Department of Agriculture for
the conservation reserve program was within trade guesses of
10-12 mln and should have an overall neutral impact on grain
and soybean prices Monday, grain traders said.
Farmers enrolled 1,894,764 acres of corn base acreage in
the conservation program to take advantage of a corn bonus
rental payment that was offered by the USDA, which may underpin
new crop futures, they said.
New crop corn prices firmed earlier this week on ideas of a
large sign-up in the program. But traders noted that the poor
yielding acres being set-aside will result in only a modest
decrease in final production figures, since farmers will
concentrate on high yielding land.
Of a total 11,254,837 erodoble acres submitted, usda
accepted 10,572,402 acres into the program at an average rental
payment of 51.17 dlrs per acre.
Farm land signed up to date now totals 19,488,587 acres.
|
training/5034
|
training/5034 |@title monarch:1 avalon:1 inc:1 mahi:1 3rd:1 qtr:1 jan:1 31:1 loss:1 |@word shr:2 loss:4 11:1 ct:4 vs:6 profit:4 four:1 net:2 199:1 000:4 81:1 rev:2 1:1 9:1 mln:4 2:1 5:1 nine:1 month:1 14:1 15:1 261:1 273:1 6:2 4:1 7:1 note:1 per:1 share:1 information:1 adjust:1 three:1 two:1 stock:1 split:1 january:1 31:1 1986:1
|
MONARCH AVALON INC <MAHI> 3RD QTR JAN 31 LOSS
Shr loss 11 cts vs profit four cts
Net loss 199,000 vs profit 81,000
Rev 1.9 mln vs 2.5 mln
Nine months
Shr loss 14 cts vs profit 15 cts
Net loss 261,000 vs profit 273,000
Rev 6.4 mln vs 7.6 mln
NOTE: Per share information adjusted for three-for-two
stock split on January 31, 1986.
|
training/5037
|
training/5037 |@title u:1 producer:1 energy:1 price:1 rise:1 february:1 |@word price:6 wholesale:1 finished:2 energy:2 good:2 u:1 rise:10 4:4 0:3 pct:12 february:3 9:2 8:2 january:5 labor:1 department:3 say:3 producer:1 index:1 fall:1 20:1 past:1 12:1 month:2 heat:1 oil:2 3:2 18:1 gasoline:1 5:2 last:1 15:1 7:2 natural:1 gas:1 1:1 2:1 crude:1 19:1 21:1 year:1 ago:1 level:1
|
U.S. PRODUCER ENERGY PRICES RISE IN FEBRUARY
Prices of wholesale finished energy
goods in the U.S. rose 4.0 pct in February after a 9.8 pct rise
in January, the Labor Department said.
The Producer Price Index for finished energy goods fell by
20.9 pct in the past 12 months.
Heating oil prices rose 3.0 pct in February after a 18.0
pct rise in January, the department said.
Gasoline prices rose by 5.5 pct last month after a 15.7
pct January rise, the department said. Natural gas prices rose
1.8 pct after a 4.2 pct rise in January.
Crude oil prices rose 4.4 pct in February, after a 19.7 pct
January rise and were off 21.3 pct from the year ago level.
|
training/504
|
training/504 |@title carbide:1 uk:1 look:1 acquisition:1 growth:1 |@word union:2 carbide:3 corp:1 look:3 acquisition:2 joint:2 venture:2 aid:1 chemical:3 plastic:2 growth:2 accord:1 h:1 w:1 lichtenberg:1 president:1 describe:1 major:1 departure:1 company:1 approach:1 commercial:2 development:2 tell:1 annual:1 new:1 business:3 forum:1 association:1 like:1 fast:1 promising:1 route:1 market:2 identify:1 long:1 ago:1 attitude:1 worth:2 go:1 alone:1 lichtenberger:1 explain:1 say:2 time:1 exploit:1 profitable:1 best:1 partner:1 see:1 need:1 plow:1 resource:1 technology:1 may:1 link:1 profitably:1 someone:1 already:1 extend:2 catalyst:1 way:2 specialty:1
|
CARBIDE <UK> LOOKS TO ACQUISITIONS FOR GROWTH
Union Carbide Corp is looking to
acquisitions and joint ventures to aid its chemicals and
plastics growth, according the H.W. Lichtenberger, president of
Chemicals and Plastics.
Describing this as a major departure in the company's
approach to commercial development, he told the annual new
business forum of the Commercial Development Association 'We
are looking to acquisitions and joint ventures when they look
like the fastest and most promising routes to the growth
markets we've identified.'
Not very long ago Union Carbide had the attitude 'that if
we couldn't do it ourselves, it wasn't worth doing. Or, if it
was worth doing, we had to go it alone,' Lichtenberger
explained.
He said 'there are times when exploiting a profitable
market is done best with a partner. Nor do we see any need to
plow resources into a technology we may not have if we can link
up profitably with someone who is already there.'
He said Carbide has extended its catalyst business that way
and is now extending its specialty chemicals business in the
same way.
|
training/5040
|
training/5040 |@title u:1 cotton:1 certificate:1 expiration:1 date:1 extend:1 |@word expiration:2 date:2 upland:5 cotton:5 certificate:6 issue:3 1986:2 program:2 extend:2 agriculture:1 department:1 announce:1 shortage:1 commodity:2 credit:1 corporation:1 inventory:1 available:1 exchange:1 usda:1 undersecretary:1 danial:1 amstutz:1 say:1 presently:1 expire:1 nine:2 month:4 last:2 day:2 issuance:1 new:2 procedure:1 current:1 outstanding:1 either:1 february:1 29:1 1988:1 whichever:1 later:1
|
U.S. COTTON CERTIFICATE EXPIRATION DATE EXTENDED
Expiration dates on upland cotton
certificates issued under the 1986 upland cotton program are
being extended, the Agriculture Department announced.
The certificates are being extended because of a shortage
of Commodity Credit Corporation inventory available for
exchange with certificates, USDA undersecretary Danial Amstutz
said.
Presently, upland cotton commodity certificates expire nine
months from the last day of the month of issuance.
Under the new procedure, all current outstanding and all
new upland cotton certificates issued under the 1986 upland
cotton program will have an expiration date of either February
29, 1988, or nine months from the last day of the month in
which the certificate is issued, whichever is later.
|
training/5042
|
training/5042 |@title bnl:1 announce:1 net:1 1986:1 profit:1 bank:1 sector:1 |@word state:1 banca:1 nazionale:1 del:1 lavoro:1 bnl:2 say:1 1986:2 profit:1 banking:2 activity:1 equal:1 155:1 billion:2 lira:2 146:1 1985:1 consolidate:1 result:2 also:1 interest:1 tourism:1 public:1 work:1 industrial:1 credit:1 sector:2 expect:1 announce:1 later:1 year:1 present:1 shareholder:1 meeting:1 schedule:1 april:1 29:1
|
BNL ANNOUNCES NET 1986 PROFITS IN BANK SECTOR
State-owned <Banca Nazionale del Lavoro
BNL> said 1986 profits for its banking activities equalled 155
billion lire against 146 billion lire in 1985.
Consolidated 1986 results for BNL, which also has interests
in tourism, public works, industrial credit and other sectors,
are expected to be announced later this year.
The results for the banking sector are to be presented at a
shareholders meeting scheduled for April 29.
|
training/5043
|
training/5043 |@title applied:1 dna:1 systems:1 inc:1 adna:1 4th:1 qtr:1 loss:1 |@word shr:2 loss:7 one:1 ct:3 vs:7 nil:1 net:2 148:1 007:1 58:1 863:1 revs:2 198:1 919:1 133:1 071:1 avg:1 shrs:1 7:1 476:1 433:1 6:1 633:1 989:1 year:1 three:1 six:1 230:1 949:1 424:1 719:1 666:1 626:1 509:1 971:1 note:1 amount:1 include:1 50:1 pct:1 scientific:1 development:1 affiliate:1 analytical:1 biosystems:1 corp:1
|
APPLIED DNA SYSTEMS INC <ADNA> 4TH QTR LOSS
Shr loss one ct vs nil
Net loss 148,007 vs loss 58,863
Revs 198,919 vs 133,071
Avg shrs 7,476,433 vs 6,633,989
Year
Shr loss three cts vs loss six cts
Net loss 230,949 vs 424,719
Revs 666,626 vs 509,971
NOTE: Amounts include losses of a 50 pct owned scientific
development affiliate, Analytical Biosystems Corp.
|
training/5044
|
training/5044 |@title oilman:1 8:1 7:1 pct:1 qed:1 exploration:1 qedx:1 |@word kansas:2 oilman:1 nicholas:1 powell:3 tell:1 securities:1 exchange:1 commission:1 acquire:1 195:1 000:1 share:2 qed:2 exploration:2 inc:2 8:1 7:1 pct:1 total:1 outstanding:1 common:1 stock:3 head:1 prairie:1 resources:1 corp:1 mack:1 c:1 colt:1 oil:1 gas:1 company:1 say:3 buy:2 investment:1 purpose:1 already:1 spend:1 609:1 831:1 dlrs:1 plan:1 long:1 consider:1 undervalue:1
|
OILMAN HAS 8.7 PCT OF QED EXPLORATION <QEDX>
Kansas oilman Nicholas Powell told
the Securities and Exchange Commission he has acquired 195,000
shares of QED Exploration Inc, or 8.7 pct of the total
outstanding common stock.
Powell, who heads Prairie Resources Corp and Mack C. Colt
Inc, both Kansas oil and gas exploration companies, said he
bought the stock for investment purposes.
Powell, who said he has already spent 609,831 dlrs on his
QED stock, said he plans to buy more shares as long as he
considers them to be undervalued.
|
training/5046
|
training/5046 |@title john:2 labatt:2 ltd:2 3rd:2 qtr:2 shr:2 dilute:2 32:2 ct:3 vs:2 30:2 cts:1 |@word
|
JOHN LABATT LTD 3RD QTR SHR DILUTED 32 CTS VS 30 CTS
JOHN LABATT LTD 3RD QTR SHR DILUTED 32 CTS VS 30 CTS
|
training/5048
|
training/5048 |@title lifestyle:1 restaurants:1 inc:1 lif:1 1st:1 qtr:1 jan:1 24:1 |@word shr:1 loss:5 31:1 ct:2 vs:3 eight:1 net:1 1:1 780:1 000:4 449:1 revs:1 13:1 9:1 mln:2 17:1 8:1 note:1 current:1 1st:1 qtr:1 include:1 gain:1 870:1 dlrs:2 70:1 sale:1 restaurant:1 lease:1
|
LIFESTYLE RESTAURANTS INC <LIF> 1ST QTR JAN 24
Shr loss 31 cts vs loss eight cts
Net loss 1,780,000 vs loss 449,000
Revs 13.9 mln vs 17.8 mln
NOTE: Current 1st qtr loss included a gain of 870,000 dlrs
and 70,000 dlrs from the sale of restaurant leases.
|
training/505
|
training/505 |@title corrected:1 bankamerica:1 negotiate:1 sale:1 unit:1 |@word bank:5 america:3 nt:1 sa:1 bac:1 n:1 west:4 german:4 branch:2 say:2 negotiate:1 sale:2 bankhaus:2 centrale:2 credit:3 ag:1 small:1 local:1 acquire:1 1965:1 visa:2 card:1 operation:1 michael:1 seibel:1 vice:1 president:1 regional:1 manager:1 negotiation:1 proceed:1 well:1 decline:1 give:1 detail:1 lose:1 32:1 mln:1 mark:1 1985:1 result:1 include:1 profit:1 loss:1 transfer:1 organisation:1 unit:1 part:1 worldwide:1 restructure:1 plan:1
|
CORRECTED - BANKAMERICA NEGOTIATING SALE OF UNITS
Bank of America NT and SA's
<BAC.N> West German branch said it is negotiating the sale of
Bankhaus Centrale Credit AG, a small local West German bank it
acquired in 1965, and of its West German Visa credit card
operation.
Michael Seibel, Bank of America vice-president and regional
manager, said the negotiations were proceeding well. He
declined to give further details.
Bank of America's West German branch lost some 32 mln marks
in 1985. The result includes profit and loss transfers from
Bankhaus Centrale Credit and the Visa organisation. The sale of
the units is part of the bank's worldwide restructuring plan.
|
training/5050
|
training/5050 |@title sierra:1 health:1 services:1 inc:1 sie:1 4th:1 qtr:1 loss:1 |@word shr:2 loss:4 52:1 ct:3 vs:6 profit:4 six:1 net:2 2:1 943:1 000:4 334:1 revs:2 33:1 5:3 mln:4 18:1 year:1 1:1 57:1 dlrs:1 16:1 8:1 781:1 792:1 116:1 0:1 56:1
|
SIERRA HEALTH SERVICES INC <SIE> 4TH QTR LOSS
Shr loss 52 cts vs profit six cts
Net loss 2,943,000 vs profit 334,000
Revs 33.5 mln vs 18.5 mln
Year
Shr loss 1.57 dlrs vs profit 16 cts
Net loss 8,781,000 vs profit 792,000
Revs 116.0 mln vs 56.5 mln
|
training/5051
|
training/5051 |@title firecom:1 inc:1 frcm:1 3rd:1 qtr:1 jan:1 31:1 loss:1 |@word shr:2 loss:4 two:2 ct:3 vs:6 profit:4 net:2 104:1 874:1 90:1 470:1 sale:2 3:1 154:1 673:1 1:1 666:1 313:1 nine:1 mth:1 one:1 cent:1 four:1 39:1 169:1 159:1 784:1 8:1 250:1 003:1 4:1 665:1 553:1
|
FIRECOM INC <FRCM> 3RD QTR JAN 31 LOSS
Shr loss two cts vs profit two cts
Net loss 104,874 vs profit 90,470
Sales 3,154,673 vs 1,666,313
Nine mths
Shr loss one cent vs profit four cts
Net loss 39,169 vs profit 159,784
Sales 8,250,003 vs 4,665,553
|
training/5052
|
training/5052 |@title brazil:1 industrial:1 production:1 slow:1 january:1 |@word industrial:2 output:3 january:4 6:2 09:1 pct:6 1986:2 month:4 rise:2 71:1 december:1 brazilian:1 geography:1 statistics:1 institute:2 figure:1 show:1 result:1 line:1 decline:1 trend:1 growth:1 rate:1 since:1 october:1 say:1 12:4 end:3 production:1 10:2 48:1 last:1 year:1 calendar:1 89:1 1985:1 big:1 23:1 68:1 pharmaceutical:1 22:1 machinery:1
|
BRAZIL INDUSTRIAL PRODUCTION SLOWED IN JANUARY
Industrial output in January was
6.09 pct above the same 1986 month after rising 6.71 pct in
December, Brazilian Geography and Statistics Institute figures
show.
The result is in line with the declining trend in the
growth rate since October, the Institute said.
In the 12 months to end-January industrial production was
10.48 pct above the 12 months to end-January last year, while
in calendar 1986 output was 10.89 pct above 1985.
The biggest output rises in the 12 months to end-January
were 23.68 pct in pharmaceuticals and 22.12 pct in machinery.
|
training/5053
|
training/5053 |@title wheeling:1 lake:1 erie:1 railway:1 co:1 wle:1 div:1 |@word qtly:1 div:1 1:3 4375:2 dlrs:2 vs:1 pay:2 may:1 record:1 april:1 3:1 note:1 dividend:1 shareholder:1 norfolk:2 southern:1 corp:1 nsc:1 western:1 railway:1 co:1
|
WHEELING AND LAKE ERIE RAILWAY CO <WLE> DIV
Qtly div 1.4375 dlrs vs 1.4375 dlrs
Pay May 1
Record April 3
Note: Dividend paid to all shareholders other than Norfolk
Southern Corp's <NSC> Norfolk and Western Railway Co.
|
training/5054
|
training/5054 |@title general:1 cinema:1 corp:1 gcn:1 class:1 b:1 dividend:1 |@word qtly:1 div:1 class:1 b:1 13:2 5:2 ct:2 vs:1 pay:1 april:2 30:1 record:1 9:1
|
GENERAL CINEMA CORP <GCN> CLASS B DIVIDEND
Qtly div class B 13.5 cts vs 13.5 cts
Pay April 30
Record April 9
|
training/5055
|
training/5055 |@title john:1 labatt:1 ltd:1 3rd:1 qtr:1 jan:1 31:1 net:1 |@word shr:4 36:1 ct:4 vs:9 31:1 dilute:2 32:1 30:1 net:2 26:1 158:1 000:4 21:1 798:1 revs:2 1:5 05:1 billion:3 844:1 2:2 mln:3 nine:1 mth:1 28:1 dlrs:4 22:1 15:1 08:1 92:1 779:1 77:1 971:1 3:1 16:1 70:1 avg:1 shrs:1 72:1 4:1 64:1 0:1
|
<JOHN LABATT LTD> 3RD QTR JAN 31 NET
Shr 36 cts vs 31 cts
Shr diluted 32 cts vs 30 cts
Net 26,158,000 vs 21,798,000
Revs 1.05 billion vs 844.2 mln
Nine mths
Shr 1.28 dlrs vs 1.22 dlrs
Shr diluted 1.15 dlrs vs 1.08 dlrs
Net 92,779,000 vs 77,971,000
Revs 3.16 billion vs 2.70 billion
Avg shrs 72.4 mln vs 64.0 mln
|
training/5056
|
training/5056 |@title sudan:1 receive:1 50:1 mln:1 dlrs:1 pl480:1 authority:1 |@word authorization:2 purchase:1 50:1 mln:3 dlrs:3 worth:3 u:2 wheat:6 flour:3 public:1 law:1 480:1 issue:1 sudan:1 today:1 agriculture:1 department:1 say:2 provide:2 34:1 309:1 000:2 tonne:2 grade:1 number:2 two:1 well:2 except:1 durum:1 shall:1 three:1 also:1 16:1 73:1 contracting:1 period:2 commodity:1 march:2 20:2 august:1 31:1 1987:3 delivery:1 september:2 30:2 april:1 10:1 usda:1
|
SUDAN RECEIVES 50 MLN DLRS IN PL480 AUTHORITY
Authorizations to purchase 50 mln
dlrs worth of U.S. wheat and wheat flour under Public Law 480
were issued to Sudan today, the Agriculture Department said.
The authorization provides for 34 mln dlrs -- about 309,000
tonnes -- worth of wheat, grade U.S. number two or better
(except durum which shall be number three or better).
It also provides for 16 mln dlrs -- about 73,000 tonnes --
worth of wheat flour.
The contracting period for both commodities is March 20
through August 31, 1987. The delivery period for wheat is March
20 through September 30, 1987 and for wheat flour is April 10
through SEptember 30, 1987, USDA said.
|
training/5057
|
training/5057 |@title trade:2 bill:1 change:1 agriculture:1 law:1 |@word house:1 ways:1 means:2 committee:2 move:1 toward:1 passage:1 trade:12 bill:5 sponsor:1 say:2 intend:1 help:1 open:1 foreign:4 market:1 u:5 agricultural:5 good:1 modify:1 law:1 subcommittee:1 vote:1 require:1 president:2 reagan:3 take:1 account:1 potential:1 harm:2 export:5 retaliation:1 may:1 impose:1 unfair:3 practice:3 domestic:1 industry:2 would:7 allow:2 producer:2 seek:3 government:1 monitoring:1 import:7 reasonable:1 chance:1 surge:1 full:1 way:1 consider:1 next:1 week:1 congressional:1 source:1 expect:1 approve:1 investigation:1 involve:1 process:2 product:3 association:1 processor:1 petition:1 relief:1 dumping:1 duty:2 set:1 negotiating:1 objective:1 uruguay:1 round:1 talk:1 general:1 agreement:3 tariffs:1 fair:1 agriculture:2 discipline:1 restrictive:1 distort:1 eliminate:1 tariff:2 subsidy:1 quota:1 non:1 barrier:1 authority:3 negotiate:3 new:1 gatt:1 extend:3 january:2 1993:1 free:1 zone:1 canada:1 3:1 1991:2 international:1 coffee:1 october:1 31:2 1989:1 refund:2 pay:1 raw:1 sugar:5 november:1 1:2 1977:1 march:1 1985:1 production:1 contain:1 destine:1 must:2 occur:1 octoer:1 presently:1 qualify:1 within:2 three:1 year:2 five:1 also:1 benefit:1 rapid:1 decision:1 complaint:1 injury:1
|
TRADE BILL TO CHANGE AGRICULTURE TRADE LAWS
The House Ways and Means Committee
is moving toward passage of a trade bill that sponsors said was
intended to help open foreign markets to U.S. agricultural
goods and to modify some U.S. agricultural trade laws.
The trade subcommittee voted to require President Reagan to
take into account the potential harm to U.S. agricultural
exports of any trade retaliation he might impose for foreign
unfair trade practices against other domestic industries.
The bill would allow U.S. agricultural producers to seek
government monitoring of imports if there is a reasonable
chance the industry would be harmed by an import surge.
The full Ways and Means Committee is to consider the bill
next week and congressional sources said they expect it will be
approved.
In investigations involving a processed agricultural
product, trade associations of processors or producers would
have to petition for relief from foreign dumping or unfair
duties.
The bill sets out U.S. trade negotiating objectives for
the Uruguay round of talks under the General Agreement on
Tariffs and Trade. It would seek fair trade in agriculture,
seek to discipline restrictive or trade distorting import and
export practices, to eliminate tariffs, subsidies, quotas and
non-tariff barriers.
President Reagan's authority to negotiate a new GATT
agreement would be extended through January 1993 and authority
to negotiate a free trade zone with Canada would be extended
through January 3, 1991.
The bill extends Reagan's authority to negotiate an
international coffee agreement through October 31, 1989.
It allows a refund of import duties paid on raw sugar
imported from November 1, 1977 to March 31, 1985 for production
of sugar or products containing sugar and destined for
re-export. The export of the sugar or products must occur
before Octoer 1, 1991.
Presently, to qualify for the refund the sugar must be
processed within three years after import and exported within
five years.
Agriculture would also benefit from more rapid decisions in
complaints of unfair foreign trade practices or injury from
imports.
|
training/5058
|
training/5058 |@title american:1 city:1 ambj:1 set:1 initial:1 prefer:1 div:1 |@word american:2 city:2 business:1 journals:1 inc:1 say:2 declare:1 initial:1 dividend:3 15:1 4:1 ct:1 share:2 recent:1 issue:2 1:1 6:1 mln:1 convertible:1 exchangeable:1 preferred:1 stock:2 payable:1 march:2 31:1 shareholder:1 record:1 20:1 add:1 future:1 pay:1 quarterly:1 basis:1 prefer:1 february:1 23:1
|
AMERICAN CITY <AMBJ> SETS INITIAL PREFERRED DIV
American City Business
Journals Inc said it declared an initial dividend of 15.4 cts a
share on its recent issue of 1.6 mln shares of convertible
exchangeable preferred stock.
The dividend is payable March 31 to shareholders of record
March 20, American City said, adding that future dividends will
be paid on a quarterly basis.
The preferred stock was issued on February 23.
|
training/5059
|
training/5059 |@title u:2 business:2 loan:2 rise:2 377:2 mln:2 dlrs:2 march:2 4:2 week:2 fed:2 say:2 |@word
|
U.S. BUSINESS LOANS RISE 377 MLN DLRS IN MARCH 4 WEEK, FED SAYS
U.S. BUSINESS LOANS RISE 377 MLN DLRS IN MARCH 4 WEEK, FED SAYS
|
training/506
|
training/506 |@title franklin:1 gold:1 fund:1 cut:1 dividend:1 |@word semi:1 div:1 13:2 ct:2 vs:1 18:1 prior:1 pay:1 march:2 record:1 two:1
|
<FRANKLIN GOLD FUND> CUTS DIVIDEND
Semi div 13 cts vs 18 cts prior
Pay March 13
Record March Two
|
training/5060
|
training/5060 |@title u:1 business:1 loan:1 rise:1 377:1 mln:1 dlrs:1 |@word business:2 loan:2 book:1 major:1 u:1 bank:1 exclude:1 acceptance:2 rise:1 377:1 mln:2 dlrs:4 279:1 085:1 billion:2 week:1 end:1 march:1 4:1 federal:1 reserve:1 board:1 say:2 fed:1 include:1 increase:1 484:1 281:1 546:1
|
U.S. BUSINESS LOANS RISE 377 MLN DLRS
Business loans on the books of major
U.S. banks, excluding acceptances, rose 377 mln dlrs to 279.085
billion dlrs in the week ended March 4, the Federal Reserve
Board said.
The Fed said that business loans including acceptances
increased 484 mln dlrs to 281.546 billion dlrs.
|
training/5061
|
training/5061 |@title u:1 producer:1 energy:1 price:1 rise:1 february:1 |@word price:12 wholesale:1 finished:2 energy:4 good:4 united:1 states:1 february:7 rise:21 4:8 0:10 pct:33 9:2 8:5 january:10 labor:2 department:7 say:7 producer:1 index:1 fall:2 20:1 past:2 12:4 month:11 heat:1 oil:3 3:7 18:1 gasoline:1 5:4 last:5 15:1 7:4 natural:2 gas:4 1:5 2:4 intermediate:2 stage:2 processing:1 16:2 crude:3 coal:2 wellhead:2 6:3 10:2 11:1 1986:1 liquefy:1 petroleum:1 41:1 year:4 earlier:4 residual:1 fuel:1 13:1 17:1 electric:1 power:1 decline:1 ago:3 19:1 21:1 level:1 14:1 low:1 cost:1
|
U.S. PRODUCER ENERGY PRICES RISE IN FEBRUARY
Prices of wholesale finished energy
goods in the United States were up in February, rising by 4.0
pct after a 9.8 pct rise in January, the Labor Department said.
The Producer Price Index for finished energy goods has
fallen 20.9 pct in the past 12 months.
Heating oil prices rose 3.0 pct in February after a 18.0
pct rise in January, the department said.
Gasoline prices rose by 5.5 pct last month after a 15.7
pct January rise, the department said. Natural gas prices rose
1.8 pct after a 4.2 pct rise in January.
Energy goods at the intermediate stage of processing rose
2.7 pct in February after rising 3.5 pct in January and were
down 16.1 pct over the past 12 months, the Labor Department
said.
Prices for crude energy goods, such as crude oil, coal and
gas at the wellhead, rose 2.6 pct last month after a 10.0 pct
January rise. They were down 11.6 pct from February 1986, the
department said.
At the intermediate stage, liquefied petroleum gas prices
rose 10.1 pct last month after a 5.0 pct January rise and were
41.0 pct below prices a year earlier, the department said.
Residual fuel prices rose 16.7 pct in February after a 13.4
pct rise a month earlier and were off 17.4 pct in 12 months.
Electric power prices fell 0.3 pct last month, after a 1.3
pct January decline, and were down 3.6 pct from a year ago.
Crude oil prices rose 4.4 pct in February, after a 19.7 pct
January rise and were off 21.3 pct from the year ago level.
Prices of natural gas at the wellhead rose 1.8 pct in
February after rising 4.2 pct a month earlier and were 14.8 pct
lower than they were 12 months earlier, the department said.
Coal costs were down 0.3 pct last month after rising 0.4
pct in January and were down 0.8 pct from a year ago.
|
training/5062
|
training/5062 |@title weyerhaeuser:2 say:2 see:2 significant:2 increase:2 earning:2 1987:2 |@word
|
WEYERHAEUSER SAID IT SEES SIGNIFICANT INCREASES IN EARNINGS IN 1987
WEYERHAEUSER SAID IT SEES SIGNIFICANT INCREASES IN EARNINGS IN 1987
|
training/5068
|
training/5068 |@title varity:2 expect:2 report:2 4th:2 qtr:2 full:2 year:2 1986:2 loss:2 |@word
|
VARITY EXPECTS TO REPORT 4TH QTR AND FULL-YEAR 1986 LOSS
VARITY EXPECTS TO REPORT 4TH QTR AND FULL-YEAR 1986 LOSS
|
training/5070
|
training/5070 |@title g:1 6:1 round:1 one:1 go:1 central:1 bank:1 |@word central:7 bank:14 easily:1 beat:1 back:2 foreign:2 exchange:3 market:9 first:1 test:2 industrialize:1 nation:1 recent:2 pact:3 stabilize:1 currency:8 analyst:4 say:13 active:1 trading:2 week:1 push:2 dollar:25 sterle:1 canadian:4 australian:7 higher:1 operator:1 get:1 finger:1 burn:1 one:5 signal:2 displeasure:1 far:1 g:4 6:4 roar:1 success:1 james:2 neill:2 financial:2 economist:1 marine:2 midland:2 na:2 send:1 strong:1 win:1 tolerate:1 kind:1 momentum:1 building:1 behind:1 add:1 senior:1 corporate:1 trader:5 u:14 k:6 february:2 22:1 finance:1 minister:1 governor:1 japan:2 west:3 germany:1 france:1 group:1 five:2 plus:1 canada:2 sign:1 accord:4 agree:1 cooperate:1 closely:1 foster:1 stability:1 rate:2 around:3 prevail:1 level:3 agreement:1 view:1 many:1 attempt:1 put:1 floor:1 sizeable:1 two:1 year:2 decline:2 major:1 world:1 initially:1 indicate:1 respect:1 refrain:1 lower:1 wednesday:2 climb:1 1:9 87:2 mark:7 pfennig:1 friday:1 move:2 aid:1 indication:1 economy:4 pick:1 steam:1 time:2 german:3 regress:1 dealer:6 federal:2 reserve:3 new:1 york:1 give:1 sharp:1 reminder:1 encompass:1 idea:1 limit:1 inordinate:1 gain:3 well:1 differ:1 whether:1 actually:1 intervene:3 sell:3 simply:1 telephone:1 ask:1 quote:1 enquire:1 condition:1 quickly:1 hover:1 today:5 85:1 surprised:1 fed:3 show:3 face:1 soon:1 also:3 london:1 england:1 open:1 sterling:6 rise:2 60:1 dlrs:4 compare:1 5355:1 along:1 high:2 yield:1 like:1 favor:1 surmise:1 chance:2 intervention:1 pursuant:1 paris:1 leave:2 limited:1 room:1 profit:3 play:1 yen:10 pound:1 boost:1 suggestion:1 improve:1 anticipation:1 popular:1 british:2 budget:2 march:3 17:1 public:1 opinion:1 poll:1 good:1 incumbent:1 conservative:1 party:1 general:1 election:1 real:1 run:1 anne:1 mills:1 shearson:1 lehman:1 brothers:1 inc:1 trade:3 5750:1 5870:1 last:2 night:2 slide:1 2:3 917:1 950:1 yesterday:3 peak:1 98:1 recently:1 heavy:1 take:1 ahead:2 next:2 tuesday:1 mcgroarty:2 discount:2 corp:1 speculator:1 detect:1 presence:1 acclerate:1 shift:2 stymie:1 act:1 slow:2 3218:1 23:1 per:1 3185:1 90:1 use:1 agent:1 fall:4 low:3 67:1 45:1 55:1 cent:1 69:1 02:1 thursday:1 stifle:1 sudden:1 upward:1 movement:1 uncertain:1 step:1 focus:1 hold:1 tight:1 range:1 several:1 month:1 152:1 35:2 40:3 153:1 unwound:1 long:1 short:1 position:1 establish:1 lately:1 change:2 perception:1 health:1 fund:1 unwind:1 operation:1 end:3 datum:1 industry:1 order:1 industrial:1 output:1 employment:1 moreover:1 benefit:1 japanese:3 entity:1 invest:1 heavily:1 overseas:1 example:1 instrument:1 repatriate:1 fiscal:1 31:1 note:1 sense:1 controversial:1 large:1 deficit:1 stage:1 could:1 set:1 another:1 downward:1 scope:1 late:1 review:1 january:3 reveal:1 protect:1 28:1 day:1 150:2 sure:1 buy:1 near:1 bear:1 mind:1 situation:1
|
AFTER G-6, ROUND ONE GOES TO CENTRAL BANKS
Central banks have easily beaten back
the foreign exchange market's first test of the industrialized
nations' recent pact to stabilize currencies, analysts said.
In active trading this week, the market pushed the dollar,
sterling, the Canadian dollar and Australian dollar higher. But
operators got their fingers burned as one by one the central
banks signalled their displeasure.
'So far G-6 has been a roaring success,'said James O'Neill,
financial markets economist at Marine Midland Bank NA.
'The central banks are sending strong signals that they
won't tolerate any kind of momentum building behind
currencies,' added a senior corporate trader at one U.K. bank.
On February 22, the finance ministers and central bank
governors of the U.S., Japan, West Germany, France and the U.K.
-- the Group of Five -- plus Canada, signed an accord under
which they agreed to cooperate closely to foster stability of
exchange rates around prevailing levels.
The agreement was viewed by many in the market as an
attempt to put a floor under the dollar after its sizeable
two-year decline against major world currencies.
And initially, traders indicated their respect for the
accord by refraining from pushing the dollar lower.
But by Wednesday, the dollar climbed to more than 1.87
marks, about five pfennigs above its levels the Friday before
the G-6 accord.
The move was aided by indications that the U.S. economy
picked up steam in February at the same time as the West German
economy was regressing.
But dealers said the Federal Reserve Bank of New York gave
traders a sharp reminder that the G-6 pact had encompassed the
idea of limiting inordinate dollar gains as well as declines.
Dealers differed as to whether the U.S. central bank
actually intervened to sell dollars above 1.87 marks, or simply
telephoned dealers to ask for quotes and enquire about trading
conditions.
But the dollar quickly backed off. It hovered today around
1.85 marks. 'The market was surprised that the Fed showed its
face so soon,' said Marine Midland NA's O'Neill.
Also on Wednesday, London dealers said the Bank of England
intervened in the open market to sell sterling as the U.K.
currency rose to 1.60 dlrs compared with 1.5355 dlrs before the
G-6 pact.
Sterling, along with the other high-yield currencies like
the Australian dollar and Canadian dollar, was in favor after
traders surmised that the the chance of intervention pursuant
to the Paris currency accord left limited room for profit plays
on dollar/mark and dollar/yen.
The pound also was boosted by suggestions of an improving
U.K. economy, anticipation of a popular British budget on March
17 and public opinion polls showing good chances for the
incumbent Conservative party in any general election.
'There was a real run on sterling,' said Anne Mills of
Shearson Lehman Brothers Inc.
Sterling traded today around 1.5750 dlrs, down from 1.5870
dlrs last night. It slid to 2.917 marks from 2.950 yesterday
and from a peak of about 2.98 recently. 'There's been some
heavy profit-taking on sterling/mark ahead of next Tuesday's
U.K. budget,' said James McGroarty of Discount Corp.
As speculators detected the presence of the U.S. and
British central banks, they acclerated their shift into
Canadian and Australian dollars. But here too they were
stymied. The Bank of Canada acted to slow its currency's rise.
The Canadian dollar traded at 1.3218/23 per U.S. dollar
today, down from 1.3185/90 yesterday.
And the Australian Reserve Bank, using the Fed as agent,
sold Australian dollars in the U.S. yesterday, dealers said.
The Australian dollar fell to a low of 67.45/55 U.S. cents
today from a high of 69.02 Thursday.
Analysts said the central banks' moves to stifle sudden
upward movement, leave the market uncertain about its next
step. Today, the focus shifted to the yen which has held to a
very tight range against the dollar for several months.
The dollar fell to 152.35/40 yen from 153.35/40 last night.
Analysts said the yen also gained as traders unwound long
sterling/short mark positions established lately.
'Because of the change in perceptions about the health of
the German economy, the funds from those unwinding operations
are ending up in yen,' a dealer at one U.K. bank said.
Recent West German data have shown falling industry orders,
lower industrial output and slowing employment gains.
Moreover, the yen is benefitting as Japanese entities who
have invested heavily overseas, for example in Australian
financial instruments, repatriate their profits ahead of the
end of the Japanese fiscal year on March 31.
Noting that the dollar/yen rate is in a sense the most
controversial one because of the large U.S. trade deficit with
Japan, analysts said the stage could be set for another test of
the dollar's downward scope against the Japanese currency.
In its latest review of the foreign exchange market through
the end of January, the Federal Reserve revealed that it
intervened to protect the dollar against the yen on January 28.
On that day, the dollar fell as low as 150.40 yen.
'Sure, the Fed bought dollars near the 150 yen level in
January. But the market has to bear in mind that time marches
on and the situation changes,' said McGroarty of Discount.
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training/5071
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training/5071 |@title weyerhaeuser:1 wy:1 see:1 high:1 1987:1 earning:1 |@word weyerhaeuser:5 co:1 say:6 significant:2 increase:2 earning:2 1987:1 1988:1 another:1 good:1 year:2 report:1 1986:1 276:1 7:1 mln:1 dlrs:3 1:1 91:1 per:1 share:1 5:1 65:1 billion:1 revenue:1 anticipate:1 improved:1 cash:1 flow:1 allow:1 company:4 invest:1 acquire:1 much:1 aggressively:1 past:1 also:2 principally:1 lumber:1 product:5 forecast:1 make:1 chief:1 financial:2 officer:1 meeting:1 institutional:1 investor:1 tokyo:1 expect:1 see:1 opportunity:1 building:1 area:1 particularly:1 composite:1 panel:1 engineer:1 direct:1 toward:1 specific:1 rather:1 commodity:1 end:1 use:1 market:2 growth:1 may:1 high:1 add:1 value:1 service:1 diversified:1 business:1 addition:1 rise:1 price:1 demand:1 pulp:1 paper:2 reflect:1 major:1 world:1 except:1 case:1 light:1 weight:1 grade:1 overcapacity:1 remain:1 problem:1 state:1 lower:1 manufacturing:1 cost:1 structure:1 obtain:1 productivity:1
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WEYERHAEUSER <WY> SEES HIGHER 1987 EARNINGS
Weyerhaeuser Co said it should
have significant increases in earnings in 1987 and 1988 should
be another very good year.
Weyerhaeuser reported 1986 earnings of 276.7 mln dlrs, or
1.91 dlrs per share, on 5.65 billion dlrs in revenues.
Anticipated improved cash flows will allow the company to
invest and acquire much more aggressively than it has in the
past few years, Weyerhaeuser also said.
Weyerhaeuser, principally a lumber products company, said
the forecast was made by the company's chief financial officer
during a meeting of institutional investors in Tokyo.
It also said its expects to see opportunities in the
building products area, particularly in composite panels and in
other engineered products directed toward specific, rather than
commodity, end-use markets.
But it said growth may be higher in added-value products,
in financial services and in other diversified businesses.
In addition, the company said rising product prices and
demand for pulp and paper are reflected in all the major world
markets, except in the case of some light-weighted paper grades
where overcapacity remains a problem.
Weyerhaeuser further stated that it has lowered its
manufacturing cost structure and is obtaining significant
productivity increases.
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