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training/5491
|
training/5491 |@title csce:1 put:1 additional:1 margin:1 july:1 cocoa:1 250:1 |@word dlr:1 spot:2 charge:1 add:1 new:1 york:1 cocoa:2 futures:1 july:3 delivery:2 contract:1 start:1 wednesday:1 march:4 18:1 coffee:1 sugar:1 exchange:1 say:1 cease:1 trade:1 17:1 make:1 may:3 two:1 nearby:1 unlimited:2 position:2 previously:1 margin:2 requirement:1 1:1 000:1 dlrs:3 750:1 original:1 plus:1 250:1 fee:1
|
CSCE TO PUT ADDITIONAL MARGIN ON JULY COCOA
A 250 dlr spot charge will be added to
the New York cocoa futures, July delivery, contract starting
Wednesday, March 18, the Coffee, Sugar and Cocoa Exchange said.
The March delivery ceases trading March 17, making May and
July the two nearby unlimited positions. Previously, March and
May were unlimited.
The margin requirement for a May or July position will be
1,000 dlrs--750 dlrs original margin plus 250 dlrs spot fee.
|
training/5492
|
training/5492 |@title cooper:1 canada:1 ltd:1 year:1 net:1 |@word shr:1 23:1 ct:2 vs:3 42:1 net:1 1:1 387:1 000:2 2:1 532:1 revs:1 80:1 5:1 mln:2 82:1 6:1
|
<COOPER CANADA LTD> YEAR NET
Shr 23 cts vs 42 cts
Net 1,387,000 vs 2,532,000
Revs 80.5 mln vs 82.6 mln
|
training/5494
|
training/5494 |@title tab:1 products:1 co:1 tbp:1 3rd:1 qtr:1 feb:1 28:1 net:1 |@word shr:2 27:1 ct:4 vs:6 22:1 net:2 1:2 866:1 000:4 476:1 revs:2 33:1 0:3 mln:4 30:1 3:2 nine:1 mth:1 71:1 57:1 4:1 828:1 857:1 92:1 89:1
|
TAB PRODUCTS CO <TBP> 3RD QTR FEB 28 NET
Shr 27 cts vs 22 cts
Net 1,866,000 vs 1,476,000
Revs 33.0 mln vs 30.3 mln
Nine Mths
Shr 71 cts vs 57 cts
Net 4,828,000 vs 3,857,000
Revs 92.0 mln vs 89.0 mln
|
training/5495
|
training/5495 |@title markel:1 corp:1 makl:1 4th:1 qtr:1 net:1 |@word shr:2 32:1 ct:3 vs:6 18:1 net:2 1:3 200:1 466:1 545:1 670:1 revs:1 8:1 2:1 mln:4 6:1 4:2 year:1 52:1 dlrs:1 27:1 972:1 683:1 046:1 460:1 rev:1 33:1 3:1 23:1
|
MARKEL CORP <MAKL> 4TH QTR NET
Shr 32 cts vs 18 cts
Net 1,200,466 vs 545,670
Revs 8.2 mln vs 6.4 mln
Year
Shr 1.52 dlrs vs 27 cts
Net 4,972,683 vs 1,046,460
Revs 33.3 mln vs 23 mln
|
training/5496
|
training/5496 |@title science:1 accessories:1 corp:1 seas:1 1st:1 qtr:1 net:1 |@word qtr:1 end:1 jan:1 31:1 shr:1 two:2 ct:2 vs:3 net:1 78:1 537:1 72:1 364:1 revs:1 626:1 942:1 640:1 030:1
|
SCIENCE ACCESSORIES CORP <SEAS> 1ST QTR NET
Qtr ends Jan 31
Shr two cts vs two cts
Net 78,537 vs 72,364
Revs 626,942 vs 640,030
|
training/5498
|
training/5498 |@title |@word french:2 adjust:2 february:2 trade:2 deficit:4 400:2 mln:2 franc:2 vs:2 january:2 2:2 5:2 billion:2
|
French adjusted February trade deficit 400 mln francs vs January deficit 2.5 billion
French adjusted February trade deficit 400 mln francs vs January deficit 2.5 billion
|
training/5499
|
training/5499 |@title biffex:1 member:1 ballot:1 merger:1 |@word member:1 baltic:3 international:1 freight:1 future:2 exchange:6 biffex:3 ballot:1 end:2 week:2 whether:1 merge:1 london:3 commodity:1 come:1 new:1 umbrella:1 official:1 say:2 final:1 decision:1 leave:1 board:1 meet:1 month:1 last:1 three:1 currently:1 trade:1 potato:1 futures:3 association:2 gafta:1 soya:1 bean:1 meal:1 meat:1 instruct:1 legal:1 adviser:1 implement:1 merger:1
|
BIFFEX MEMBERS TO BALLOT ON MERGER
Members of the Baltic International
Freight Futures Exchange (BIFFEX) are to be balloted at the end
of this week on whether it will merge with the London Commodity
Exchange or come under a new umbrella of Baltic futures
exchanges, a BIFFEX official said.
The final decision will be left with the BIFFEX board,
which will meet at the end of this month, he said.
Last week three exchanges currently trading on the Baltic
Exchange, the London Potato Futures Association, the GAFTA Soya
Bean Meal Futures Association and the London Meat Futures
Exchange, instructed legal advisers to implement a merger.
|
training/550
|
training/550 |@title correct:1 bankamerica:1 negotiate:1 unit:1 sale: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:2 transfer:1 organisation:1 unit:1 part:1 worldwide:1 restructuring:1 plan:1 correct:1 year:1 third:1 paragraph:1 item:1 originally:1 run:1 february:1 27:1
|
CORRECTED - BANKAMERICA NEGOTIATING UNITS SALE
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.
-- corrects year of loss in third paragraph in item which
originally ran February 27.
|
training/5500
|
training/5500 |@title machine:1 technology:1 mtec:1 see:1 2nd:1 qtr:1 loss:1 |@word machine:1 technology:1 inc:1 say:2 expect:2 report:1 second:2 quarter:2 loss:1 13:1 17:1 ct:2 per:2 share:2 sale:2 4:2 400:1 000:3 dlrs:4 year:2 earlier:1 lose:1 139:1 three:1 271:1 company:1 book:1 six:1 mln:1 backlog:1 rise:1 35:1 pct:1 since:1 end:1 fiscal:1 lead:1 improved:1 result:1 half:1
|
MACHINE TECHNOLOGY <MTEC> SEES 2ND QTR LOSS
Machine Technology Inc said it
expects to report a second quarter loss of 13 to 17 cts per
share on sales of about 4,400,000 dlrs.
A year earlier, it lost 139,000 dlrs or three cts per share
on sales of 4,271,000 dlrs.
The company said it booked over six mln dlrs in the quarter
and its backlog has risen 35 pct since the end of its fiscal
year, leading it to expect improved results in the second half.
|
training/5501
|
training/5501 |@title docugraphix:1 inc:1 docx:1 3rd:1 qtr:1 jan:1 31:1 loss:1 |@word shr:2 loss:8 six:1 ct:4 vs:8 18:1 net:2 31:1 896:1 753:1 518:1 revs:2 840:1 075:1 716:1 361:1 avg:2 shrs:2 5:2 45:1 mln:4 4:1 17:1 nine:1 mth:1 25:1 55:1 1:2 271:1 972:1 2:2 115:1 662:1 071:1 676:1 933:1 562:1 02:1 3:1 85:1
|
DOCUGRAPHIX INC <DOCX> 3RD QTR JAN 31 LOSS
Shr loss six cts vs loss 18 cts
Net loss 31,896 vs loss 753,518
Revs 840,075 vs 716,361
Avg shrs 5.45 mln vs 4.17 mln
Nine mths
Shr loss 25 cts vs loss 55 cts
Net loss 1,271,972 vs loss 2,115,662
Revs 2,071,676 vs 1,933,562
Avg shrs 5.02 mln vs 3.85 mln
|
training/5502
|
training/5502 |@title nbd:2 bancorp:1 regular:1 dividend:1 set:1 |@word qtly:1 div:1 30:2 ct:2 vs:1 previously:1 pay:1 may:1 11:1 record:1 april:1 nine:1
|
NBD BANCORP <NBD> REGULAR DIVIDEND SET
Qtly div 30 cts vs 30 cts previously
Pay May 11
Record April Nine
|
training/5505
|
training/5505 |@title triangle:1 microwave:1 trmw:1 talk:1 buyout:1 |@word triangle:3 microwave:3 inc:1 say:3 involve:1 talk:1 possible:1 purchase:1 substantial:1 u:1 company:1 identify:1 agreement:1 yet:1 reach:2 assurance:1 one:1 acquisitioon:1 would:1 subject:1 approval:1 shareholder:1 regulatory:1 filing:1 make:1 system:1 component:1 earning:2 first:1 half:1 end:1 january:1 31:1 1:1 055:1 000:4 dlrs:4 sale:2 7:1 292:1 763:1 6:1 034:1 year:1
|
TRIANGLE MICROWAVE <TRMW> IN TALKS ON BUYOUT
Triangle Microwave Inc said
it is involved in talks on its possible purchase by a
'substantial U.S. company' it did not identify.
Triangle said no agreement has yet been reached and there
can be no assurance that one will be reached. Any acquisitioon
would be subject to approval by its shareholders and to
regulatory filings, it said.
Triangle Microwave makes microwave system components and
had earnings for the first half ended January 31 of 1,055,000
dlrs on sales of 7,292,000 dlrs, up from earnings of 763,000
dlrs on sales of 6,034,000 dlrs a year before.
|
training/5506
|
training/5506 |@title yeutter:1 repeat:1 retaliation:1 threat:1 ec:1 oil:1 tax:1 u:1 |@word trade:1 representative:1 clayton:1 yeutter:3 say:6 united:1 states:1 retaliate:1 european:1 community:1 adopt:1 propose:2 tax:3 vegetable:1 oil:2 ec:3 product:1 would:3 single:1 reprisal:1 speak:1 national:1 grain:1 feed:1 association:1 ngfa:1 convention:1 cautiously:1 optimistic:1 controversial:1 proposal:2 reject:1 council:1 ministers:1 flagrant:1 violation:1 spirit:1 gatt:1 imperil:1 zero:1 bind:1 duty:1 u:1 export:1 soybean:1 europe:1 reagan:1 administration:2 yet:1 decide:1 retaliation:2 list:2 reveal:1 unless:1 approve:1
|
YEUTTER REPEATS RETALIATION THREAT ON EC OIL TAX
U.S. Trade Representative Clayton
Yeutter said the United States will retaliate if the European
Community adopts a proposed tax on vegetable oils, but he did
not say what EC products would be singled-out for reprisal.
Speaking to the National Grain and Feed Association (NGFA)
convention here, Yeutter said he is 'cautiously optimistic' the
controversial oils tax proposal will be rejected by the EC
Council of Ministers.
Yeutter said the proposed tax is a 'flagrant violation of
the spirit of GATT' because it would imperil the zero binding
duty on U.S. exports of soybeans to Europe.
He said the Reagan administration has yet to decide on a
retaliation list. The administration would not reveal a
retaliation list unless the EC approved the proposal, he said.
|
training/5507
|
training/5507 |@title canada:1 mulroney:1 say:1 u:1 trade:1 deal:1 near:1 |@word prime:1 minister:1 brian:1 mulroney:7 say:9 significant:1 progress:1 make:3 trade:10 talk:4 united:1 states:1 profile:2 major:3 deal:7 emerge:2 open:1 debate:1 free:1 house:1 commons:1 accord:1 would:3 create:1 thousand:1 job:1 canada:5 bring:2 great:1 economic:2 prosperity:2 country:3 offer:1 new:2 detail:1 negotiation:1 risky:1 difficult:1 50:1 minute:1 address:1 often:1 passionate:1 defense:1 initiative:1 give:3 poor:1 area:1 boost:1 trading:2 pattern:1 period:1 decade:1 process:1 build:1 two:3 one:3 rich:1 promise:1 develop:1 employ:1 want:1 sure:1 newfoundlander:1 british:1 columbian:1 albertans:1 get:1 chance:1 must:3 opportunity:1 way:2 detial:1 release:1 launch:1 nearly:1 year:2 ago:1 nation:1 important:1 partner:1 recent:1 publish:1 report:2 quote:1 senior:1 source:1 close:1 reach:1 involve:1 eliminate:1 border:1 trariff:1 many:1 non:1 tariff:1 barrier:1 next:1 10:1 12:1 key:1 stumble:1 block:1 canadian:1 proposal:1 find:1 settle:1 dispute:1 something:1 protection:1 washington:1 tough:1 remedy:1 law:1 sharply:1 critical:1 protectionist:1 sentiment:1 u:1 fair:3 trader:1 deny:1 government:1 pursue:1 win:1 unfair:1 access:1 american:1 market:1 benefit:1 side:2 recognize:1 good:1
|
CANADA'S MULRONEY SAYS U.S. TRADE DEAL NEARS
Prime Minister Brian Mulroney said
'significant progress' was being made in trade talks with the
United States and a profile of a major deal was emerging.
Opening a debate on free trade in the House of Commons,
Mulroney said an accord would create thousands of jobs in
Canada and bring greater economic prosperity to both countries.
Mulroney, who offered few new details of the talks, said
that while the negotiations were risky and difficult, 'a
profile of a major trade deal is now emerging.'
In a 50-minute address, Mulroney made an often passionate
defense of the initiative that he said would give poorer areas
of the country a major economic boost.
'Because of our trading patterns over a period of decades,
we are in the process of building two Canadas -- one that is
rich and promising, one that is under-developed and
under-employed,' said Mulroney.
'What we want is to make sure Newfoundlanders and British
Columbians and Albertans and others, that they get their
chance. They must be given the opportunity to trade their way
to prosperity.'
Few detials have been released on the trade talks which
were launched nearly two years ago between the two nations that
are each others most important trading partners.
Recent published reports in Canada, quoting senior trade
sources, said the countries were close to reaching a trade deal
and it will involve eliminating border trariffs and many
non-tariff barriers over the next 10 to 12 years.
It has been reported a key stumbling block in the talks is
a Canadian proposal to find a new way to settle trade disputes,
something that would give Canada protection from Washington's
tough trade remedy laws.
But Mulroney, sharply critical of protectionist sentiment
in the U.S, said Canada was a 'fair trader' and denied the
government was pursuing the deal to win unfair access to the
American market.
He said a trade deal must bring benefits to both sides.
'We recognize a good deal must be a fair deal, one that is
fair to both sides,' Mulroney said.
|
training/5508
|
training/5508 |@title france:1 reduce:1 trade:1 deficit:1 february:1 |@word france:1 post:1 seasonally:2 adjust:2 trade:4 deficit:6 400:1 mln:2 franc:10 february:3 2:4 5:3 billion:11 january:5 finance:1 ministry:3 say:3 first:1 two:3 month:2 year:1 basis:1 9:2 unadjuste:1 4:3 cumulative:1 8:4 1:2 statement:1 export:1 total:2 73:1 pct:2 increase:2 import:1 74:1 3:1 farm:1 food:1 show:2 surplus:3 energy:1 reduce:1 6:1 eight:1 industrial:1 800:1
|
FRANCE REDUCES TRADE DEFICIT IN FEBRUARY
France posted a seasonally adjusted trade
deficit of 400 mln francs in February after a 2.5 billion franc
deficit in January, the Finance Ministry said.
For the first two months of this year the trade deficit, on
a seasonally adjusted basis, was 2.9 billion francs.
Unadjusted, the February deficit was 2.4 billion francs and
the two-month cumulative deficit 8.1 billion, the ministry said
in a statement.
The Ministry said February exports totalled 73.8 billion
francs, an 8.9 pct increase on January, while imports totalled
74.3 billion francs, an increase of 5.8 pct.
Farm and food trade showed a two billion franc surplus
after a surplus of 2.4 billion in January.
The energy deficit was reduced to 6.5 billion francs from
eight billion in January, while industrial trade showed a
surplus of 1.4 billion francs against only 800 mln francs in
January.
|
training/551
|
training/551 |@title osr:2 osrc:1 make:1 acquisition:1 |@word corp:1 say:6 agree:1 acquire:2 property:1 asset:2 telcom:3 international:2 group:1 10:1 5:1 mln:2 common:1 share:1 would:1 give:1 former:1 owner:1 84:1 pct:2 interest:2 combine:1 company:3 film:2 television:1 distributor:1 consist:1 mostly:1 distribution:1 right:1 value:1 one:1 dlrs:2 osr:2 part:1 acquisition:1 agreement:1 require:1 sell:1 80:1 standard:2 knickerbocker:2 ltd:1 make:1 jean:1 canada:1 expect:1 net:1 150:1 000:1 sale:1 transaction:1 subject:1 approval:1 shareholder:1 meeting:1 hold:1 april:1 may:1
|
OSR <OSRC> TO MAKE ACQUISITION
OSR Corp said it has agreed
to acquire the properties and assets of Telcom International
Group for 10.5 mln common shares, which would give former
Telcom owners an 84 pct interest in the combined company.
Telcom is an international film and television distributor.
The assets being acquired consist mostly of distribution
rights to films valued at over one mln dlrs, the company said.
OSR said as part of the acquisition agreement is is
required to sell its 80 pct interest in Standard Knickerbocker
Ltd, which makes jeans in Canada.
OSR said it expects to net about 150,000 dlrs on the sale
of Standard Knickerbocker.
The company said both transactions are subject to approval
by shareholders at a meeting to be held in April or May, it
said.
|
training/5511
|
training/5511 |@title ncr:3 see:1 good:1 chance:1 record:1 year:1 net:1 |@word corp:1 optimistic:1 post:1 record:1 revenue:1 profit:1 1987:3 charles:1 e:1 exley:3 jr:1 chairman:1 president:1 say:4 much:1 considerable:1 optimism:1 future:1 base:1 strength:1 continue:2 flow:1 new:4 product:3 tell:1 meeting:1 security:1 analyst:1 current:1 position:1 strong:1 modern:1 ncr:3 history:1 generation:1 offering:1 deliverable:1 every:1 major:3 category:1 year:1 1986:2 earning:1 rise:1 nine:1 pct:3 3:1 42:1 dlrs:2 share:1 sale:1 increase:2 13:1 4:1 9:1 billion:1 balance:1 pay:1 close:1 attention:1 penetration:1 account:2 expand:1 third:1 party:1 distribution:1 channel:1 introduction:1 introduce:1 within:1 proceding:1 36:1 month:2 65:1 equipment:1 order:1 activity:1 end:1 two:1 add:1 good:1 start:1
|
NCR <NCR> SEES GOOD CHANCE FOR RECORD YEAR NET
NCR Corp is very optimistic that it will
post record revenues and profits for 1987, Charles E. Exley Jr,
chairman and president, said.
'Much of our considerable optimism about the future is
based on the strength of a continuing flow of new products,'
Exley told a meeting of securities analysts. 'Our current
position is the strongest in modern NCR history with
new-generation offerings deliverable in every major category
this year.'
For 1986, NCR's earnings rose nine pct, to 3.42 dlrs a
share, on sales that increased 13 pct, to 4.9 billion dlrs.
During the balance of 1987, Exley said NCR will pay close
attention to increasing its penetration of major accounts,
expanding its third-party distribution channels and continuing
its introduction of new products.
'In 1986, new products introduced within the proceding 36
months accounted for more than 65 pct of our major equipment
order activity,' he said.
'At the end of two months,' he added,' I can say we are off
to a good start' for 1987.
|
training/5516
|
training/5516 |@title equitable:1 banc:1 ebnc:1 boss:1 ameritrust:1 stake:1 |@word group:5 control:2 equitable:2 bancorp:2 chairman:1 alfred:1 lerner:7 say:9 acquire:1 9:3 6:1 pct:3 stake:3 ameritrust:6 corp:2 amtr:1 may:1 buy:5 24:1 obtain:1 regulatory:2 approval:2 filing:1 securities:1 exchange:1 commission:1 2:1 0:1 mln:4 common:2 share:5 81:1 1:1 dlrs:4 investment:1 act:1 clevebaco:5 l:4 p:4 cleveland:3 partnership:1 also:2 would:1 seek:1 increase:1 general:1 partner:1 file:1 federal:1 reserve:1 board:2 march:4 13:1 notice:1 intent:1 10:3 stock:2 bank:2 hold:2 company:2 fed:1 approve:1 whose:1 intend:1 subject:1 market:1 condition:1 factor:1 since:1 head:1 asset:1 great:1 one:3 billion:1 bar:1 law:1 serve:1 director:1 officer:1 representative:1 intention:1 influence:1 management:1 policy:1 bear:1 stearns:1 co:1 inc:1 41:1 accumulate:1 3:1 sell:1 40:1
|
EQUITABLE BANC <EBNC> BOSS HAS AMERITRUST STAKE
A group controlled by Equitable
Bancorp Chairman Alfred Lerner said it has acquired a 9.6 pct
stake in AmeriTrust Corp <AMTR> and may buy up to 24.9 pct if
obtains regulatory approval.
In a filing with the Securities and Exchange Commission,
the group said it bought its stake of 2.0 mln Ameritrust common
shares, for 81.1 mln dlrs as an investment.
But the group, acting through Clevebaco L.P., a Cleveland
partnership, also said it would seek regulatory approval to
increase its stake. Lerner owns Clevebaco Corp, which is the
general partner of Clevebaco L.P.
The Lerner group said it filed with the Federal Reserve
Board on March 13 notice of its intent to buy more than 10 pct
of the common stock of AmeriTrust, a Cleveland bank holding
company.
If the Fed approves, Lerner, whose Equitable Bancorp is
also in Cleveland, said he intends to buy more AmeriTrust
stock, subject to market conditions and other factors.
Since Lerner heads a bank holding company with assets
greater than one billion dlrs, he said he is barred by law from
serving as a director or officer of AmeriTrust or of having his
representatives on its board.
Lerner said he has no intention of influencing AmeriTrust
management or its policies.
The group said Clevebaco L.P. bought one mln of its shares
from Bear, Stearns and Co Inc on March 9 at 41 dlrs a share.
Lerner said he accumulated the other one mln shares through
March 3 and sold them to Clevebaco L.P., which he controls, on
March 10 for 40.10 dlrs a share.
|
training/5517
|
training/5517 |@title american:1 security:1 asec:1 buyout:1 complete:1 |@word maryland:4 national:3 corp:2 mdnt:1 say:3 complete:2 acquisition:1 american:3 security:2 exchange:1 0:1 81:1 share:3 12:1 mln:1 outstanding:1 company:1 mandatory:1 30:1 day:1 review:1 u:1 justice:1 department:1 today:2 shareholder:1 entitle:1 receive:1 32:1 1:1 2:1 ct:1 per:1 regular:1 quarterly:1 dividend:1 payable:1 march:1 31:1 holder:1 record:1
|
AMERICAN SECURITY <ASEC> BUYOUT COMPLETED
Maryland National Corp <MDNT> said it
has completed the acquisition of American Security Corp in an
exchange of 0.81 Maryland share for each of American's 12 mln
shares outstanding.
The company said the mandatory 30-day review by the U.S.
Justice Department was completed today.
Maryland National said American Security shareholders will
be entitled to receive the 32-1/2 ct per share Maryland
National regular quarterly dividend that is payable March 31 to
holders of record today.
|
training/5518
|
training/5518 |@title u:2 could:1 complain:1 gatt:1 canada:1 corn:1 duty:1 |@word trade:3 representative:1 clayton:1 yeutter:2 suggest:1 u:7 could:2 file:2 formal:2 complaint:2 general:1 agreement:1 tariffs:1 gatt:2 challenging:1 canada:1 decision:4 impose:1 duty:2 corn:2 import:1 ask:1 canadian:3 government:1 apply:1 84:1 9:1 cent:1 per:1 bushel:1 shipment:1 say:3 dispute:1 settlement:1 procedure:1 subsidy:1 code:1 option:1 would:1 appeal:1 court:1 retaliate:1 good:1 low:1 level:1 official:2 however:1 retaliation:1 unlikely:1 step:1 least:2 initially:1 action:1 expect:1 document:1 ruling:1 receive:1 later:1 week:1
|
U.S. COULD COMPLAIN TO GATT ON CANADA CORN DUTY
U.S. Trade Representative Clayton
Yeutter suggested the U.S. could file a formal complaint with
the General Agreement on Tariffs and Trade (GATT) challenging
Canada's decision to impose duties on U.S. corn imports.
Asked about the Canadian government decision to apply a
duty of 84.9 cents per bushel on U.S. corn shipments, Yeutter
said the U.S. could file a formal complaint with GATT under the
dispute settlement procedures of the subsidies code.
Other U.S. options would be to appeal the decision in
Canadian courts, or to retaliate against Canadian goods, a
lower-level U.S. trade official said. However, retaliation is
an unlikely step, at least initially, that official said. No
decision on U.S. action is expected at least until after
documents on the ruling are received here later this week.
|
training/552
|
training/552 |@title mercury:1 entertainment:1 mcry:1 see:1 well:1 result:1 |@word mercury:1 entertainment:1 corp:1 say:1 expect:1 improve:1 result:1 1987:1 company:1 today:1 report:1 loss:2 year:2 end:1 november:1 30:1 413:1 021:1 dlrs:4 revenue:2 600:1 971:1 compare:1 163:1 932:1 665:1 800:1
|
MERCURY ENTERTAINMENT <MCRY> SEES BETTER RESULTS
Mercury Entertainment Corp said it
expects improved results in 1987.
The company today reported a loss for the year ended
November 30 of 413,021 dlrs on revenues of 600,971 dlrs,
compared with a loss of 163,932 dlrs on revenues of 665,800
dlrs a year before.
|
training/5520
|
training/5520 |@title rainier:1 rban:1 complete:1 acquisition:1 |@word rainier:4 bancorp:1 say:3 complete:1 acquisition:2 tacoma:1 wash:1 base:1 united:2 bank:2 59:1 mln:2 dlrs:3 worth:1 stock:1 unite:1 saving:1 607:1 asset:2 23:1 office:1 operate:1 wholly:1 subsidiary:1 last:1 month:1 agree:1 merge:1 security:1 pacific:1 corp:1 spc:1 increase:1 9:2 8:1 billion:2 2:1 report:1 end:1 1986:1
|
RAINIER <RBAN> COMPLETES ACQUISITION
Rainier Bancorp said it completed the
acquisition of Tacoma, Wash.-based United Bank, for 59 mln dlrs
worth of Rainier stock.
United, a savings bank with 607 mln dlrs in assets and 23
offices, will operate as a wholly-owned subsidiary, Rainier
said.
Rainier, which last month agreed to merge with Security
Pacific Corp <SPC>, said the United acquisition will increase
its assets to 9.8 billion dlrs from the 9.2 billion reported at
the end of 1986.
|
training/5522
|
training/5522 |@title franklin:1 resources:1 inc:1 ben:1 set:1 quarterly:1 |@word qtly:1 div:1 six:2 ct:2 vs:1 prior:1 pay:1 april:1 10:1 record:1 march:1 27:1
|
FRANKLIN RESOURCES INC <BEN> SETS QUARTERLY
Qtly div six cts vs six cts prior
Pay April 10
Record March 27
|
training/5523
|
training/5523 |@title balladur:1 maintain:1 1987:1 french:1 inflation:1 target:1 |@word finance:2 minister:1 edouard:1 balladur:1 say:4 maintain:1 2:5 5:2 pct:10 inflation:4 target:3 1987:2 announcement:1 earlier:1 today:1 3:3 4:1 year:6 rise:2 retail:1 price:1 february:4 tell:1 radio:1 interviewer:1 see:1 reason:1 revise:2 monthly:1 result:2 0:2 1:1 follow:1 9:2 january:2 three:2 force:1 government:1 early:1 two:2 current:1 happy:1 good:1 stress:1 need:1 continue:1 vigilance:1 ministry:1 statement:2 differential:2 french:1 low:1 west:1 german:1 rate:1 calculate:2 last:2 month:2 narrow:1 compare:1 7:1 12:1 come:1 add:1 tendency:1 therefore:1 one:1 lessening:1 gap:1 main:1 trading:1 partner:1
|
BALLADUR MAINTAINS 1987 FRENCH INFLATION TARGET
Finance Minister Edouard Balladur said he
was maintaining his 2.5 pct inflation target for 1987 after the
announcement earlier today of a 3.4 pct year-on-year rise in
retail prices for February.
He told a radio interviewer he saw no reason to revise his
target for 1987 after the February monthly result of between
0.1 to O.2 pct, following a 0.9 pct rise in January (three pct
year on year) that forced the government to revise an earlier
target of two pct to a current 2.5 pct.
He said he was happy with 'a good result' for February but
stressed a need for continued 'vigilance' against inflation.
A Finance Ministry statement said the year-on-year
differential between French and lower West German inflation
rates, calculated on the last three months, had narrowed in
February to two to 2.3 pct compared to 2.7 pct in January.
If calculated on the last 12 months, the differential came
to 3.9 pct, the statement said, adding 'The tendency is
therefore one of a lessening of the inflation gap with our main
trading partner.'
|
training/5525
|
training/5525 |@title general:1 cinema:1 gcn:1 see:1 flat:1 1987:1 net:1 |@word general:2 cinema:2 corp:1 say:4 expect:1 flat:2 net:2 income:1 fiscal:1 1987:1 end:1 oct:1 31:1 125:1 8:2 mln:1 dlrs:2 3:1 43:1 share:3 year:1 ago:1 company:3 cost:1 restructuring:2 carter:3 hawley:3 hale:1 stores:1 inc:1 unit:1 previous:1 purchase:2 5:1 pct:4 stake:2 cadbury:2 schweppes:2 plc:1 lead:1 figure:1 also:1 may:1 raise:1 25:1 make:1 additional:1 stock:2 far:1 accord:1 restructure:1 plan:1 spin:1 specialty:1 store:1 include:1 neiman:2 marcus:2 bergdorf:1 goodman:1 contempo:1 casual:1 new:3 name:1 group:1 whose:1 trade:1 york:1 exchange:1 previously:1 announce:1 60:1 equity:1 40:1 voting:1 subject:1 approval:1 shareholder:1
|
GENERAL CINEMA <GCN> SEES FLAT 1987 NET
General Cinema Corp said it expects
flat net income for fiscal 1987 ending Oct. 31 against 125.8
mln dlrs or 3.43 dlrs a share a year ago.
The company said the costs of a restructuring at its Carter
Hawley Hale Stores Inc unit and the previous purchase of an 8.5
pct stake in <Cadbury Schweppes PLC> will lead to the flat net
figure.
It also said it may raise its stake in Cadbury Schweppes to
25 pct, but has not made any additional stock purchases so far.
According to the restructuring, Carter Hawley plans to
spin-off its specialty stores, including Neiman-Marcus,
Bergdorf Goodman and Contempo Casuals, into a new company named
<Neiman-Marcus Group>, whose shares will trade on the New York
Stock Exchange, it said.
As previously announced, General Cinema will own 60 pct of
the equity and 40 pct of the voting shares in the new company.
The restructuring is subject to approval by Carter Hawley
shareholders.
|
training/5526
|
training/5526 |@title levon:1 resources:1 lvnvf:1 gold:1 assay:1 improve:1 |@word levon:4 resources:1 ltd:1 say:5 check:2 gold:7 assay:5 howard:1 tunnel:1 congress:1 british:1 columbia:1 property:1 yield:1 high:1 grade:1 report:3 january:1 february:1 zone:5 one:1 average:8 0:5 809:1 ounce:5 ton:5 40:2 foot:10 section:4 width:5 6:1 26:1 previously:2 226:1 5:1 16:1 two:3 693:1 123:1 4:2 66:1 resource:1 revise:1 compare:1 545:1 103:1 302:1 company:1 also:1 intersect:1 another:1 vein:1 90:1 west:1 531:1 across:1 3:1 87:1
|
LEVON RESOURCES <LVNVF> GOLD ASSAYS IMPROVED
Levon Resources Ltd
said re-checked gold assays from the Howard tunnel on its
Congress, British Columbia property yielded higher gold grades
than those reported in January and February.
It said assays from zone one averaged 0.809 ounces of gold
a ton over a 40 foot section with an average width of 6.26
feet. Levon previously reported the zone averaged 0.226 ounces
of gold a ton over a 40 foot section with average width of 5.16
feet. Levon said re-checked assays from zone two averaged 0.693
ounces of gold a ton over a 123 foot section with average width
of 4.66 feet.
Levon Resources said the revised zone two assays compared
to previously reported averages of 0.545 ounces of gold a ton
over a 103 foot section with average width of 4.302 feet.
The company also said it intersected another vein 90 feet
west of zone two, which assayed 0.531 ounces of gold a ton
across a width of 3.87 feet.
|
training/5528
|
training/5528 |@title teeco:1 property:1 lp:1 set:1 cash:1 distribution:1 |@word qtly:1 distribution:1 10:2 ct:2 per:1 unit:1 vs:1 prior:1 pay:1 april:1 20:1 record:1 march:1 31:1
|
<TEECO PROPERTIES LP> SETS CASH DISTRIBUTION
Qtly distribution 10 cts per unit vs 10 cts prior
Pay April 20
Record March 31
|
training/553
|
training/553 |@title cronus:1 industries:1 inc:1 crns:1 sell:1 unit:1 |@word cronus:2 industries:1 inc:1 say:2 agree:1 sell:1 heat:1 transfer:1 equipment:1 business:1 southwestern:1 engineering:2 co:1 slight:1 premium:1 book:1 value:1 plus:1 release:1 liability:1 approximately:1 three:1 mln:1 dlrs:1 subsidiary:2 indebtednes:1 company:2 sale:1 senior:1 group:1 plc:1 british:1 take:1 place:1 month:1
|
CRONUS INDUSTRIES INC <CRNS> SELLS UNIT
Cronus Industries Inc said it agreed to
sell its heat transfer equipment business, Southwestern
Engineering Co, for a slight premium over book value, plus a
release of Cronus from liability on approximately three mln
dlrs of subsidiary indebtedness.
The company said the sale to a subsidiary of Senior
Engineering Group PLC, a British company, will take place this
month.
|
training/5530
|
training/5530 |@title radix:1 ventures:1 inc:1 2nd:1 qtr:1 jan:1 31:1 loss:1 |@word shr:2 loss:6 three:1 ct:3 vs:6 12:1 net:2 25:1 836:1 88:1 819:1 revs:2 50:1 3:3 mln:4 45:1 2:2 six:1 mth:1 profit:2 nil:1 18:1 843:1 137:1 653:1 109:1 99:1
|
<RADIX VENTURES INC> 2ND QTR JAN 31 LOSS
Shr loss three cts vs loss 12 cts
Net loss 25,836 vs loss 88,819
Revs 50.3 mln vs 45.2 mln
Six mths
Shr profit nil vs loss 18 cts
Net profit 2,843 vs loss 137,653
Revs 109.3 mln vs 99.3 mln
|
training/5531
|
training/5531 |@title trade:1 see:1 steady:1 corn:1 wheat:1 export:1 inspection:1 |@word usda:1 weekly:1 export:4 inspection:1 report:1 expect:1 show:1 steady:1 corn:2 wheat:2 low:1 soybean:2 accord:1 cbt:1 floor:1 trader:2 forecast:1 project:1 16:2 mln:11 18:2 bushel:9 6:1 week:3 ago:6 20:1 3:1 year:3 guess:2 range:2 22:2 26:1 compare:2 25:1 2:1 4:2 million:1 13:2 17:1 8:1
|
TRADE SEES STEADY CORN/WHEAT EXPORT INSPECTIONS
The USDA's weekly export inspection
report is expected to show steady corn and wheat exports and
lower soybean exports, according to CBT floor traders'
forecasts.
Traders projected soybean exports at 16 mln to 18 mln
bushels, down from 18.6 mln bushels a week ago and 20.3 mln
bushels a year ago.
Corn guesses ranged from 22 mln to 26 mln bushels, compared
with 25.2 mln bushels a week ago and 22.4 million bushels a
year ago.
Wheat guesses ranged from 13 mln to 17 mln bushels,
compared with 16.8 mln bushels a week ago and 13.4 mln bushels
a year ago.
|
training/5532
|
training/5532 |@title adobe:1 systems:1 inc:1 adbe:1 1st:1 qtr:1 feb:1 28:1 net:1 |@word shr:1 15:1 ct:2 vs:4 six:1 net:1 1:1 410:1 000:6 550:1 revs:1 6:1 901:1 2:1 392:1 avg:1 shrs:1 10:1 326:1 9:1 064:1 note:1 prior:1 qtr:1 per:1 share:1 figure:1 adjust:1 two:1 one:1 stock:1 split:1 february:1 27:1
|
ADOBE SYSTEMS INC <ADBE> 1ST QTR FEB 28 NET
Shr 15 cts vs six cts
Net 1,410,000 vs 550,000
Revs 6,901,000 vs 2,392,000
Avg shrs 10,326,000 vs 9,064,000
Note: Prior qtr per share figure adjusted for two-for-one
stock split of February 27.
|
training/5533
|
training/5533 |@title armtek:1 arm:1 complete:1 sale:1 asset:1 |@word armtek:1 corp:2 formerly:2 armstrong:3 rubber:1 co:1 complete:1 previously:1 announce:1 sale:1 natchez:1 miss:1 tire:2 plant:1 asset:2 condere:3 say:2 form:1 acquire:1 name:1 dennis:1 terwillger:1 vice:1 president:2 controller:1 division:1
|
ARMTEK <ARM> COMPLETES SALE OF ASSETS
Armtek Corp, formerly
Armstrong Rubber Co, completed the previously announced sale of
its Natchez, Miss., tire plant and other assets to <Condere
Corp>, Condere said.
Condere, formed to acquire the Armstrong assets, said it
named Dennis Terwillger, formerly vice president and controller
of Armstrong's Tire Division, president.
|
training/5535
|
training/5535 |@title 202:1 data:1 systems:1 inc:1 toot:1 1st:1 qtr:1 jan:1 31:1 net:1 |@word shr:1 three:1 ct:2 vs:3 four:1 net:1 101:1 376:1 125:1 922:1 revs:1 568:1 884:1 494:1 227:1
|
202 DATA SYSTEMS INC <TOOT> 1ST QTR JAN 31 NET
Shr three cts vs four cts
Net 101,376 vs 125,922
Revs 568,884 vs 494,227
|
training/5537
|
training/5537 |@title vishay:1 vsh:1 set:1 two:1 pct:1 stock:1 dividend:1 |@word vishay:2 intertechnology:1 inc:1 say:2 board:1 declare:1 two:1 pct:1 stock:3 dividend:2 payable:1 april:1 10:1 holder:2 record:1 march:2 26:1 company:1 pay:1 commons:1 tock:1 exchange:2 class:1 b:1 current:1 offer:1 expire:1 25:1
|
VISHAY <VSH> SETS TWO PCT STOCK DIVIDEND
Vishay Intertechnology Inc said
its board declared a two pct stock dividend, payable April 10
to holders of record on March 26.
The company said the stock dividend will be paid only to
holders of commons tock who do not exchange for Class B stock
in Vishay's current exchange offer, which expires March 25.
|
training/5538
|
training/5538 |@title onyx:1 petroleum:1 exploration:1 co:1 ltd:1 year:1 loss:1 |@word shr:2 loss:2 2:1 82:1 dlrs:1 vs:3 profit:2 35:1 ct:1 net:2 10:2 556:1 478:1 1:1 286:1 341:1 revs:1 6:1 202:1 157:1 7:1 641:1 290:1 note:1 1986:1 282:1 353:1 dlr:1 writedown:1 oil:1 gas:1 property:1 value:1
|
<ONYX PETROLEUM EXPLORATION CO LTD> YEAR LOSS
Shr loss 2.82 dlrs vs profit 35 cts
Net loss 10,556,478 vs profit 1,286,341
Revs 6,202,157 vs 7,641,290
Note: 1986 shr and net after 10,282,353 dlr writedown on
oil and gas property values
|
training/554
|
training/554 |@title unisys:1 corp:1 uis:1 set:1 quarterly:1 |@word qtly:1 div:1 65:2 ct:2 vs:1 prior:1 pay:1 may:1 seven:2 record:1 april:1
|
UNISYS CORP <UIS> SETS QUARTERLY
Qtly div 65 cts vs 65 cts prior
Pay May Seven
Record April Seven
|
training/5540
|
training/5540 |@title integrated:1 circuit:1 ictm:1 set:1 record:1 date:1 |@word integrated:1 circuits:1 inc:1 say:2 set:1 march:2 17:1 record:1 date:1 previously:1 announce:1 10:1 pct:1 stock:1 dividend:2 company:1 distribute:1 31:1
|
INTEGRATED CIRCUITS <ICTM> SETS RECORD DATE
Integrated Circuits Inc said it
set March 17 as the record date for its previously announced 10
pct stock dividend.
The company said it will distribute the dividend on March
31.
|
training/5541
|
training/5541 |@title bp:2 unit:1 see:1 mine:1 proceed:1 |@word british:1 petroleum:1 co:2 plc:1 say:3 base:1 feasibility:1 report:1 ridgeway:2 mining:1 joint:2 venture:3 project:2 south:1 carolina:1 could:1 start:2 commercial:1 gold:2 production:2 mid:1 1988:1 company:2 mine:3 would:1 produce:1 approximate:1 rate:1 158:1 000:3 ounce:2 per:2 year:4 first:1 four:1 full:2 operation:1 1989:1 1992:1 average:1 133:1 11:1 life:1 bp:1 partner:1 galactic:1 resources:1 ltd:1 galcf:1 toronto:1 subject:1 receipt:1 statutory:1 permit:1 finalization:1 financing:1 arrangement:1 management:1 review:1 construction:1 15:1 short:1 ton:1 day:1 processing:1 facility:1 capital:1 cost:1 bring:1 estimate:1 76:1 mln:1 dlrs:1
|
BP <BP> UNIT SEES MINE PROCEEDING
British Petroleum Co PLC said based on
a feasibility report from <Ridgeway Mining Co>, its joint
venture Ridgeway Project in South Carolina could start
commercial gold production by mid-1988.
The company said the mine would produce at an approximate
rate of 158,000 ounces of gold per year over the first four
full years of operation from 1989 through 1992 and at an
average of 133,000 ounces a year over the full projected
11-year life of the mine.
BP's partner in the venture is Galactic Resources Ltd
<GALCF> of Toronto.
The company said subject to receipt of all statutory
permits, finalization of financing arrangements and management
and joint venture review, construction of a 15,000 short ton
per day processing facility can start. Capital costs to bring
the mine into production are estimated at 76 mln dlrs.
|
training/5542
|
training/5542 |@title norway:1 approve:1 trade:1 ban:1 south:1 africa:1 |@word norway:5 parliament:2 approve:1 extensive:1 trade:9 ban:2 south:12 africa:11 leave:2 shipowner:2 key:1 loophole:1 controversial:1 oil:4 shipment:3 norwegian:9 tanker:3 may:2 continue:2 government:5 official:3 say:9 unilateral:1 boycott:4 propose:2 minority:1 labour:1 give:1 domestic:1 company:1 late:2 september:1 cut:1 remain:1 tie:1 namibia:1 legislation:2 discuss:1 today:1 must:1 see:1 isolate:1 measure:1 step:1 international:3 process:1 foreign:2 minister:1 thorvald:1 stoltenberg:1 tell:2 hope:1 move:2 intensify:1 pressure:1 pretoria:1 regime:1 apartheid:1 policy:1 sweden:1 similar:1 last:2 week:2 promise:1 halt:1 october:1 although:1 forbid:1 crude:2 make:2 important:2 exception:1 ship:2 whose:1 final:2 destination:1 decide:1 sea:1 cargo:2 often:1 resold:1 load:1 difficult:1 know:1 port:1 start:2 voyage:1 critic:1 bill:1 door:1 open:1 call:1 strict:1 sanction:1 stop:1 shipping:1 supply:1 30:1 pct:3 import:3 early:2 1980s:1 drop:3 sharply:1 one:2 three:1 month:2 ministry:2 figure:2 show:2 36:1 160:1 mln:2 crown:2 first:1 eight:1 1986:1 export:1 plunge:1 52:1 265:1 year:2 ago:1 many:1 would:1 law:3 already:1 effect:3 dramatic:1 african:1 spokesman:1 per:1 paust:1 reuters:1 business:1 stage:1 restructure:1 relation:1 anticipation:1 profound:1 political:1 statement:1 oslo:1 review:1 industry:3 two:1 amendment:1 hurt:1 limit:1 mainly:1 high:1 grade:1 manganese:1 coppernickle:1 ore:2 use:1 ferro:1 alloy:1 light:1 metal:2 manufacturer:1 estimate:1 2:1 000:1 job:1 could:1 affect:1 suitable:1 replacement:1 find:1 go:1 upper:1 house:1 formal:1 ratification:1 later:1 parliamentarian:1
|
NORWAY APPROVES TRADE BAN AGAINST SOUTH AFRICA
Norway's parliament has approved an
extensive trade ban against South Africa but left shipowners a
key loophole through which controversial oil shipments on
Norwegian tankers may continue, government officials said.
The unilateral boycott, proposed by Norway's minority
Labour government, gives domestic companies until late
September to cut remaining trade ties with South Africa and
Namibia.
'The legislation discussed today must not be seen as an
isolated measure, but as a step in an international process,'
Norway's foreign minister Thorvald Stoltenberg told parliament.
Government officials said they hope the move will intensify
international pressure against the Pretoria regime's apartheid
policies. Sweden, in a similar move last week, promised to halt
all trade with South Africa by October.
Norway's boycott, although forbidding crude oil shipments
to South Africa on Norwegian-owned tankers, makes an important
exception for ships whose final destination is decided while
they are at sea.
Oil cargoes are often resold by trades after loading,
making it difficult for shipowners to know their ships' final
port at the start of a voyage.
Critics said the bill leaves the door open for continued
oil shipments to South Africa. They called for stricter
sanctions to stop all Norwegian shipping to South Africa.
Norwegian tankers supplied South Africa with about 30 pct
of its crude imports during the early 1980s, but the trade has
dropped sharply to just one cargo in the last three months,
trade ministry officials said.
The latest trade figures show Norwegian imports from South
Africa dropped 36 pct to 160 mln crowns during the first eight
months of 1986, while exports plunged 52 pct to 265 mln crowns
from the year-ago figure.
'Many would say that the law has already had its effect
because of the dramatic drop in trade between South African and
Norway,' Foreign Ministry spokesman Per Paust told Reuters.
'Norwegian business at an early stage started restructuring
its relations with South Africa in anticipation of the law.
'No one has said the boycott will have a profound effect on
international trade with South Africa, but it is an important
political statement by the Norwegian government,' he said.
The Oslo government said it will review the effects of the
ban on Norwegian industry after two years and may propose
amendments if industry can show it is hurt by the law.
Norwegian imports from South Africa are limited mainly to
high-grade manganese and coppernickle ores used in it
ferro-alloys and light metals industries.
Metals manufacturers estimate some 2,000 jobs could be
affected by the boycott is suitable replacements for these ores
are not found.
The legislation now goes on to the upper house for formal
ratification later this week, parliamentarians said.
|
training/5543
|
training/5543 |@title msa:1 realty:1 corp:1 sss:1 4th:1 qtr:1 net:1 |@word shr:2 profit:4 four:1 ct:4 vs:8 loss:5 two:1 net:4 247:1 970:1 57:1 341:1 revs:2 2:4 393:1 622:1 627:1 612:1 avg:2 shrs:2 5:1 958:1 432:1 440:2 100:1 year:1 71:1 35:1 3:1 213:1 310:1 849:1 180:1 14:1 6:2 mln:1 9:1 099:1 767:1 177:1 666:1 083:1 note:1 1986:2 4th:1 qtr:2 yr:1 include:1 85:1 000:3 dlrs:3 gain:1 250:1 respecitvely:1 extraordinary:1 item:1 assume:1 warrant:1 exercise:1 2nd:1 adjustment:1 second:1 quarter:1 income:1 earning:1 per:1 share:1 1:1 175:1
|
MSA REALTY CORP <SSS> 4TH QTR NET
Shr profit four cts vs loss two cts
Net profit 247,970 vs loss 57,341
Revs 2,393,622 vs 2,627,612
Avg shrs 5,958,432 vs 2,440,100
Year
Shr profit 71 cts vs loss 35 cts
Net profit 3,213,310 vs loss 849,180
Revs 14.6 mln vs 9,099,767
Avg shrs 6,177,666 vs 2,440,083
NOTE: 1986 4th qtr and yr net includes a loss of 85,000
dlrs and a gain of 250,000 dlrs, respecitvely, for
extraordinary item.
1986 net assumes all warrants exercised for the 2nd qtr
only. The adjustment to second quarter income for earnings per
share was 1,175,000 dlrs.
|
training/5544
|
training/5544 |@title lear:1 petroleum:1 partners:1 lp:1 lpp:1 4th:1 qtr:1 loss:1 |@word oper:4 shr:2 loss:9 nil:6 vs:10 net:3 112:1 000:5 125:1 rev:2 avg:2 shrs:2 26:1 7:3 mln:7 21:1 9:2 year:2 two:2 ct:2 450:1 503:1 24:1 8:2 20:1 note:1 exclude:1 discontinue:1 oil:1 natural:1 gas:1 operation:2 44:1 dlrs:4 489:1 quarter:1 92:1 3:1 80:1 company:1 sell:1 end:1 1986:1
|
LEAR PETROLEUM PARTNERS LP <LPP> 4TH QTR LOSS
Oper shr loss nil vs loss nil
Oper net loss 112,000 vs loss 125,000
Revs nil vs nil
Avg shrs 26.7 mln vs 21.9 mln
Year
Oper shr loss two cts vs loss two cts
Oper net loss 450,000 vs loss 503,000
Revs nil vs nil
Avg shrs 24.8 mln vs 20.8 mln
NOTE: Net excludes losses from discontinued oil and natural
gas operations of 44.7 mln dlrs vs 9,489,000 dlrs in quarter
and 92.3 mln dlrs vs 80.7 mln dlrs in year. Company sold all
its operations at the end of 1986.
|
training/5545
|
training/5545 |@title westronic:1 inc:1 wstx:1 year:1 loss:1 |@word shr:1 loss:4 1:2 13:1 dlr:1 vs:3 2:2 04:1 dlrs:1 net:1 3:2 674:1 000:4 016:1 revs:1 894:1 464:1
|
WESTRONIC INC <WSTX> YEAR LOSS
Shr loss 1.13 dlr vs loss 2.04 dlrs
Net loss 3,674,000 vs loss 3,016,000
Revs 2,894,000 vs 1,464,000
|
training/5546
|
training/5546 |@title kenan:1 transport:1 co:1 ktco:1 set:1 quarterly:1 |@word qtly:1 div:1 four:2 ct:2 vs:1 prior:1 pay:1 april:1 15:1 record:1 march:1 31:1
|
KENAN TRANSPORT CO <KTCO> SETS QUARTERLY
Qtly div four cts vs four cts prior
Pay April 15
Record March 31
|
training/5549
|
training/5549 |@title gencorp:2 1st:2 qtr:2 shr:2 77:2 ct:4 vs:2 84:2 |@word
|
GENCORP 1ST QTR SHR 77 CTS VS 84 CTS
GENCORP 1ST QTR SHR 77 CTS VS 84 CTS
|
training/555
|
training/555 |@title jacobson:1 jcbs:1 vote:1 split:1 increase:1 payout:1 |@word jacobson:2 stores:1 inc:1 say:1 board:1 vote:1 three:1 two:1 stock:1 split:3 payble:1 march:3 30:2 record:2 13:1 action:1 director:1 approve:1 increase:2 quarterly:2 dividend:2 11:1 ct:2 post:1 basis:2 payable:1 april:1 14:1 new:1 rate:1 represent:1 32:1 pct:1 12:1 1:1 2:1 pay:1 pre:1
|
JACOBSON <JCBS> VOTES SPLIT, INCREASES PAYOUT
Jacobson Stores Inc said its
board voted a three-for-two stock split, payble March 30,
record March 13.
In other action, Jacobson's directors approved an increase
in its quarterly dividend to 11 cts on a post split basis
payable April 14, record March 30.
The new dividend rate represents a 32 pct increase over the
12-1/2 cts paid quarterly on a pre-split basis.
|
training/5553
|
training/5553 |@title gotaas:1 larsen:1 gotlf:1 build:1 fifth:1 carrier:1 |@word gotaas:1 larsen:1 shipping:1 corp:1 say:1 exercise:1 option:1 build:1 fifth:1 series:1 crude:1 oil:1 carrier:1 construct:1 daewoo:1 shipbuilding:1 heavy:1 machinery:1 ltd:1 south:1 korea:1
|
GOTAAS-LARSEN <GOTLF> TO BUILD FIFTH CARRIER
Gotaas-Larsen Shipping Corp
said it had exercised an option to build a fifth in a series of
crude oil carriers to be constructed by <Daewoo Shipbuilding
and Heavy Machinery Ltd> in South Korea.
|
training/5554
|
training/5554 |@title danish:1 credit:1 downgrade:1 dramatic:1 minister:1 |@word finance:1 minister:1 palle:1 simonsen:3 say:6 today:1 downgrade:2 denmark:3 credit:1 rating:4 standard:5 poor:5 corp:1 dramatise:2 kingdom:1 long:1 term:2 external:5 debt:4 aa:3 plus:1 follow:1 country:1 loss:1 top:2 aaa:2 january:1 1983:2 change:2 regrettable:1 reason:1 nuance:1 define:1 category:1 slightly:1 different:1 statement:1 direct:1 effect:2 low:1 borrowing:1 capability:2 unlikely:1 great:1 expectation:1 fail:1 reduce:1 permanently:1 account:4 deficit:3 inevitably:1 affect:1 borrow:1 add:1 amp:1 note:1 1986:3 series:1 austerity:1 measure:1 design:1 particularly:1 cut:1 lending:1 encourage:1 save:1 tax:1 reform:1 also:1 go:1 become:1 necessary:2 government:3 ready:1 take:1 economic:1 political:1 initiative:1 past:1 weak:1 international:1 competitiveness:1 face:1 rise:4 labour:1 cost:1 would:1 mean:1 deteriorate:1 current:3 balance:1 record:1 preliminary:1 34:1 5:1 billion:4 crown:3 29:1 1:1 1985:1 bring:1 total:2 foreign:2 265:1 accord:1 statistic:1 economist:1 forecast:1 fall:1 19:1 year:1 net:1 129:1 pct:2 export:1 83:1 p:1
|
DANISH CREDIT DOWNGRADING NOT DRAMATIC - MINISTER
Finance Minister Palle Simonsen said
today's downgrading of Denmark's credit rating by Standard and
Poor's Corp should not be over-dramatised.
Standard and Poor's said it had downgraded the Kingdom of
Denmark's long-term external debt to AA from AA-Plus, following
the country's loss of the top AAA rating in January 1983.
'This change is regrettable but there is no reason to
dramatise. This is a change of nuance. Standard and Poor's
defines the AA category as only slightly different from the top
AAA rating,' Simonsen said in a statement.
'The direct effect of the lower rating on our borrowing
capability is unlikely to be very great. But if, against
expectation, we fail to reduce permanently the external account
deficit... This will inevitably affect borrowing terms and
capability,' he added.
'Standard & Poor's has noted that in 1986 there was a series
of austerity measures designed particularly to cut lending and
encourage saving. Tax reforms have also gone into effect.
'If and when it becomes necessary, the government will be
ready to take any necessary economic and political initiatives
as it has in the past,' Simonsen said.
Standard and Poor's said weaker international
competitiveness in the face of rising labour costs would mean a
deteriorating current account balance and a rise in external
debt.
The external current account deficit rose to a record
preliminary 34.5 billion crowns in 1986 from 29.1 billion in
1985, bringing total foreign debt to 265 billion crowns,
according to government statistics.
Government economists forecast that the external current
account deficit will fall to 19 billion crowns this year.
Denmark's net foreign debt rose to 129 pct of total exports
in 1986 from 83 pct in 1983, S and P said.
|
training/5555
|
training/5555 |@title magnetic:1 technologies:1 corp:1 mtcc:1 1st:1 half:1 net:1 |@word jan:1 31:1 end:1 shr:1 give:1 net:1 profit:1 105:1 013:1 vs:2 loss:1 745:1 641:1 sale:1 3:1 661:1 565:1 2:1 810:1 132:1
|
MAGNETIC TECHNOLOGIES CORP <MTCC> 1ST HALF NET
Jan 31 end
Shr not given
Net profit 105,013 vs loss 745,641
Sales 3,661,565 vs 2,810,132
|
training/5556
|
training/5556 |@title gencorp:1 gy:1 1st:1 qtr:1 feb:1 28:1 net:1 |@word shr:1 77:1 ct:2 vs:3 84:1 net:1 17:1 mln:4 19:1 sale:1 650:1 614:1
|
GENCORP <GY> 1ST QTR FEB 28 NET
Shr 77 cts vs 84 cts
Net 17 mln vs 19 mln
Sales 650 mln vs 614 mln
|
training/5558
|
training/5558 |@title bp:1 unit:1 see:1 u:1 gold:1 mine:1 proceeding:1 |@word british:1 petroleum:1 co:2 plc:1 say:3 base:1 feasibility:1 report:1 ridgeway:2 mining:1 joint:2 venture:2 project:2 south:1 carolina:1 could:1 start:2 commercial:1 gold:2 production:2 mid:1 1988:1 company:1 mine:3 would:1 produce:1 approximately:1 158:1 000:3 ounce:2 per:2 year:4 first:1 four:1 full:2 operation:1 1989:1 1992:1 average:1 133:1 11:1 life:1 bp:2 partner:1 galactic:1 resources:1 ltd:1 toronto:1 subject:1 receipt:1 statutory:1 permit:1 finalization:1 financing:1 arrangement:1 management:1 review:1 construction:1 15:1 short:1 ton:1 day:1 processing:1 facility:1 capital:1 cost:1 bring:1 estimate:1 76:1 mln:1 dlrs:1
|
BP UNIT SEES U.S. GOLD MINE PROCEEDING
British Petroleum Co PLC said based on
a feasibility report from Ridgeway Mining Co, its joint venture
Ridgeway Project in South Carolina could start commercial gold
production by mid-1988.
The company said the mine would produce approximately
158,000 ounces of gold per year over the first four full years
of operation from 1989 through 1992 and at an average 133,000
ounces a year over the full projected 11 year life of the mine.
BP's partner is Galactic Resources Ltd of Toronto.
BP said subject to receipt of all statutory permits,
finalization of financing arrangements and management and joint
venture review, construction of a 15,000 short ton per day
processing facility can start. Capital costs to bring the mine
into production are estimated at 76 mln dlrs.
|
training/5559
|
training/5559 |@title safety:1 kleen:1 sk:1 buy:1 stake:1 oil:1 refiner:1 |@word safety:3 kleen:3 corp:1 say:1 tentatively:1 agree:1 buy:1 80:1 pct:1 stake:1 breslube:2 enterprise:1 toronto:1 14:2 mln:3 dlrs:2 stock:2 cash:2 equipment:1 price:1 include:1 common:1 rerefine:1 plant:1 closing:1 deal:1 expect:1 may:1 lead:1 rerefiner:1 use:3 lubricate:1 oil:3 north:1 america:1 collect:1 auto:1 garage:1 car:1 dealer:1 business:1 1986:1 refine:1 20:1 gallon:1
|
SAFETY-KLEEN <SK> TO BUY STAKE IN OIL REFINER
Safety-Kleen Corp said it has
tentatively agreed to buy an 80 pct stake in Breslube
Enterprises of Toronto for 14 mln dlrs in stock, cash and
equipment.
Price includes 14 mln dlrs of Safety-Kleen common stock,
cash and a rerefining plant owned by Safety-Kleen. Closing of
the deal is expected by May.
Breslube is a leading rerefiner of used lubricating oils in
North America, collecting used oils from auto garages, car
dealers and other businesses. In 1986 it refined 20 mln gallons
of used oil.
|
training/5561
|
training/5561 |@title trade:1 interest:1 ready:1 battle:1 u:2 house:1 |@word lawmaker:4 gear:1 showdown:1 protectionist:2 free:3 trader:2 major:1 trade:25 bill:16 wind:1 way:3 committee:3 vote:1 full:2 house:7 representatives:1 late:2 april:1 move:1 toughen:2 u:5 enforcement:2 law:3 key:2 subcommittee:5 last:6 week:4 approve:1 tone:2 version:1 legislation:6 require:1 president:4 reagan:9 retaliate:1 foreign:3 country:4 follow:1 unfair:4 practice:4 cornerstone:1 congressional:1 effort:1 restore:2 competitiveness:1 american:1 industry:6 turn:1 around:1 year:5 record:1 169:1 billion:1 dlrs:1 deficit:1 generally:2 provision:2 force:4 administration:4 act:2 rapidly:2 complaint:1 dump:1 product:2 united:2 states:2 price:2 cost:1 production:1 also:2 complain:1 surge:1 import:6 threaten:1 existence:2 write:3 reject:1 call:2 relief:3 specific:2 textile:2 several:1 argue:1 new:1 make:3 many:1 concession:2 say:7 intend:2 back:2 amendment:2 get:1 tough:2 violate:2 agreement:2 keep:1 congressman:1 know:1 allegiance:1 tie:1 hand:1 much:1 dispute:1 seek:1 negotiate:1 power:1 frenzel:1 r:1 mi:1 one:2 like:3 could:1 endorse:2 respect:1 emphasize:1 consensus:1 among:1 work:1 toward:1 republicans:1 would:7 ultimately:1 goal:1 policy:1 strong:1 without:1 international:1 urging:1 means:2 chairman:1 dan:1 rostenkowski:3 il:1 requirement:1 impose:1 automatically:2 quota:1 tariff:2 engage:1 agree:2 may:1 waive:1 retaliation:2 hurt:1 economy:1 insist:1 moderate:1 approach:1 necessary:1 want:1 pass:2 sign:3 block:1 senate:2 consideration:2 brand:1 reluctantly:1 support:2 see:1 democratic:1 leader:1 determine:1 white:1 spokesman:1 marlin:1 fitzwater:1 tell:1 reporter:1 still:1 add:1 feel:1 good:1 bipartisan:1 think:1 progress:1 well:1 first:1 battle:1 take:1 place:1 next:1 consider:1 rep:2 richard:1 gephardt:2 mo:1 japan:1 south:1 korea:1 taiwan:1 cut:1 surplus:2 limit:1 plan:2 provide:1 large:1 trigger:2 investigation:1 set:2 organize:1 labor:1 press:1 job:1 lose:1 competition:2 afl:1 cio:1 lane:2 kirkland:2 anger:1 worth:1 passage:1 congress:1 debate:1 try:2 please:1 ed:1 jenkins:1 ga:1 push:1 separately:1 protect:1 domestic:3 shoe:1 aide:1 veto:1 similar:1 measure:1 speaker:1 jim:1 wright:1 texas:1 influential:1 proponent:1 aid:1 beset:1 low:1 renew:1 oil:2 announce:1 temporary:1 reach:1 half:1 consumption:1
|
TRADE INTERESTS READY FOR BATTLE IN U.S. HOUSE
U.S. lawmakers are gearing up for a
showdown between protectionists and free traders as a major
trade bill winds its way through committees to a vote by the
full House of Representatives in late April.
In a move to toughen U.S. enforcement of trade laws, a key
House subcommittee last week approved a toned-down version of
legislation to require President Reagan to retaliate against
foreign countries that follow unfair trade practices.
The bill will be the cornerstone of congressional efforts
to restore competitiveness of American industries and turn
around last year's record 169 billion dlrs trade deficit.
Generally, the bill's provisions toughen U.S. enforcement
of trade laws.
The trade bill forces the administration to act rapidly on
complaints of unfair trade practices, such as dumping products
in the United States at prices below cost of production. It
also forces the administration to act rapidly when an industry
complains that a surge in imports threatens its existence.
In writing the bill, the subcommittee rejected calls for
trade relief for specific industries such as textiles.
Several lawmakers have argued the new trade bill made too
many concessions to Reagan and said they intend to back
amendments to 'get tough' with countries that violate trade
agreements or keep out U.S. products.
But congressmen known for their allegiance to free trade
said the bill ties Reagan's hands too much in trade disputes
and they will seek to restore his negotiating powers.
Bill Frenzel, R-MI., said the subcommittee's bill was not
one 'that a free trader like me could endorse in all respects,'
but he emphasized there was a consensus among lawmakers to work
toward a bill Reagan and Republicans would ultimately endorse.
The goal of trade legislation was 'to make our trade policy
stronger without violating our international trade agreements,'
he said.
In a key concession made at the urging of Ways and Means
Committee chairman Dan Rostenkowski, D-IL., the trade
subcommittee backed off a requirement that would have forced
Reagan to impose automatically quotas or tariffs on imports
from countries that engage in unfair trade practices.
It also agreed the president may waive any retaliation if
it would hurt the U.S. economy.
Rostenkowski insisted the more moderate approach was
necessary if the House wanted to pass a bill Reagan would sign
into law.
Reagan last year blocked Senate consideration of a tough
House trade bill he branded as protectionist and this year he
only reluctantly agreed to support a trade bill when he saw
Democratic leaders were determined to pass such legislation.
White House spokesman Marlin Fitzwater told reporters late
last week that the administration still did not like some of
the bill's provisions, but he added, 'Generally we feel very
good about the bipartisan consideration of the trade
legislation. I think we are progressing very well.'
The first battle will take place next week when the full
House Ways and Means Committee considers an amendment by Rep.
Richard Gephardt, D-MO., to force countries like Japan, South
Korea and Taiwan to cut their trade surpluses with the U.S.
The subcommittee limited the Gephardt plan to provide only
that the existence of a large trade surplus with the United
States will trigger an investigation of unfair trade practices,
but would not automatically set off retaliation.
Organized labor has pressed lawmakers for more relief from
imports where jobs have been lost to foreign competition.
AFL-CIO president Lane Kirkland this year angered the
administration when he said any trade bill Reagan would sign
would not be worth passage in Congress.
But Rostenkowski set the tone of the trade debate by
saying, 'I'm not trying to write legislation to please Lane
Kirkland. I'm trying to write legislation that will be signed
by the president.'
Rep. Ed Jenkins (D-GA.) intends to push separately a bill
to protect the domestic textile and shoe industry, an aide
said. Reagan vetoed a similar measure last year.
House Speaker Jim Wright of Texas, one of the most
influential proponents of aid for specific industries beset by
low-priced foreign competition, last week renewed his call for
import relief for the domestic oil industry and announced his
support for a Senate plan to trigger a temporary oil import
tariff when imports reach half of domestic consumption.
|
training/5563
|
training/5563 |@title magnetic:1 technologies:1 mtcc:1 see:1 improvement:1 |@word magnetic:2 technologies:1 corp:1 say:1 expect:1 second:1 half:2 show:1 continued:1 growth:1 earning:1 sale:3 company:1 today:1 report:1 profit:1 first:1 end:1 january:1 31:1 105:1 013:1 dlrs:7 compare:1 year:2 early:1 loss:2 745:1 641:1 3:1 661:1 565:1 2:1 810:1 132:1 last:1 earn:1 996:1 000:3 discontinue:1 operation:1 359:1 6:1 084:1
|
MAGNETIC TECHNOLOGIES <MTCC> SEES IMPROVEMENT
Magnetic Technologies Corp said
it expects the second half to show continued growth in earnings
and sales.
The company today reported a profit for the first half
ended January 31 of 105,013 dlrs, compared with a year-earlier
loss of 745,641 dlrs, on sales of 3,661,565 dlrs, up from
2,810,132 dlrs. In all of last year, Magnetic earned 996,000
dlrs after a loss from discontinued operations of 359,000 dlrs,
on sales of 6,084,000 dlrs.
|
training/5564
|
training/5564 |@title levon:1 resource:1 report:1 improve:1 gold:1 assay:1 |@word levon:4 resources:1 ltd:1 say:5 check:2 gold:7 assay:5 howard:1 tunnel:1 congress:1 british:1 columbia:1 property:1 yield:1 high:1 grade:1 report:3 january:1 february:1 zone:5 one:1 average:4 0:5 809:1 ounce:5 ton:5 previously:2 226:1 two:3 693:1 resource:1 revise:1 compare:1 545:1 company:1 also:1 intersect:1 another:1 vein:1 90:1 foot:1 west:1 531:1
|
LEVON RESOURCES REPORTS IMPROVED GOLD ASSAYS
Levon Resources Ltd
said re-checked gold assays from the Howard tunnel on its
Congress, British Columbia property yielded higher gold grades
than those reported in January and February.
It said assays from zone one averaged 0.809 ounces of gold
a ton. Levon previously reported the zone averaged 0.226 ounces
of gold a ton. Levon said re-checked assays from zone two
averaged 0.693 ounces of gold a ton.
Levon Resources said the revised zone two assays compared
to previously reported averages of 0.545 ounces of gold a ton.
The company also said it intersected another vein 90 feet
west of zone two, which assayed 0.531 ounces of gold a ton.
|
training/5565
|
training/5565 |@title welbilt:1 corp:1 welb:1 4th:1 qtr:1 net:1 |@word shr:2 58:1 ct:2 vs:8 54:2 net:2 3:1 144:1 000:7 2:2 464:1 revs:2 6:2 mln:5 38:1 avg:2 shrs:2 5:3 394:1 4:3 602:2 year:1 03:1 dlrs:2 1:2 76:1 10:1 8:1 084:1 201:1 152:1 154:1
|
WELBILT CORP <WELB> 4TH QTR NET
Shr 58 cts vs 54 cts
Net 3,144,000 vs 2,464,000
Revs 54.6 mln vs 38.6 mln
Avg shrs 5,394,000 vs 4,602,000
Year
Shr 2.03 dlrs vs 1.76 dlrs
Net 10.5 mln vs 8,084,000
Revs 201.1 mln vs 152.4 mln
Avg shrs 5,154,000 vs 4,602,000
|
training/5566
|
training/5566 |@title satellite:1 music:1 network:1 inc:1 smni:1 year:1 net:1 |@word oper:2 shr:1 four:1 ct:2 vs:5 three:1 net:2 340:1 036:1 223:1 297:1 rev:1 11:1 1:1 mln:1 9:1 514:1 115:1 avg:1 shrs:1 8:1 926:1 909:1 7:1 672:1 146:1 note:1 exclude:1 tax:1 credit:1 252:1 160:1 dlrs:2 152:1 717:1
|
SATELLITE MUSIC NETWORK INC <SMNI> YEAR NET
Oper shr four cts vs three cts
Oper net 340,036 vs 223,297
Revs 11.1 mln vs 9,514,115
Avg shrs 8,926,909 vs 7,672,146
NOTE: Net excludes tax credits of 252,160 dlrs vs 152,717
dlrs.
|
training/5567
|
training/5567 |@title starrex:1 link:1 share:1 price:1 assay:1 speculation:1 |@word starrex:3 mining:2 corp:1 ltd:1 say:2 sharp:1 rise:2 share:2 price:1 base:1 speculation:1 favorable:1 result:3 current:1 underground:1 diamond:1 drilling:2 program:3 35:1 pct:1 star:1 lake:1 gold:1 mine:1 northern:1 saskatchewan:1 40:1 ct:1 4:1 75:1 dlrs:1 trading:1 toronto:1 stock:1 exchange:1 company:1 start:1 late:1 february:1 encouraging:1 soon:1 conclusion:1 disclose:1 check:1 assay:1 exploration:1
|
STARREX LINKS SHARE PRICE TO ASSAY SPECULATION
<Starrex Mining Corp Ltd> said a sharp
rise in its share price is based on speculation for favorable
results from its current underground diamond drilling program
at its 35 pct owned Star Lake gold mine in northern
Saskatchewan.
Starrex Mining shares rose 40 cts to 4.75 dlrs in trading
on the Toronto Stock Exchange.
The company said drilling results from the program which
started in late February are encouraging, 'but it is too soon
for conclusions.' Starrex did not disclose check assay results
from the exploration program.
|
training/5568
|
training/5568 |@title combine:2 int:2 l:2 ask:2 doubling:2 authorized:2 share:2 stock:2 split:2 |@word
|
COMBINED INT'L TO ASK DOUBLING OF AUTHORIZED SHARES, STOCK SPLIT
COMBINED INT'L TO ASK DOUBLING OF AUTHORIZED SHARES, STOCK SPLIT
|
training/557
|
training/557 |@title harley:1 davidson:1 inc:1 hdi:1 4th:1 qtr:1 net:1 |@word oper:4 shr:2 18:1 ct:6 vs:9 51:1 net:2 1:4 048:1 000:12 870:1 revs:2 72:2 2:2 mln:4 73:2 5:4 avg:2 shrs:2 910:1 3:3 680:2 year:2 82:1 4:1 307:1 637:1 295:1 287:1 235:1 note:1 result:1 exclude:1 one:1 time:1 gain:2 223:1 four:1 564:1 11:1 1986:1 qtr:1 6:1 359:1 dlrs:2 7:1 318:1 99:1 prior:1 period:1
|
HARLEY-DAVIDSON INC <HDI> 4TH QTR NET
Oper shr 18 cts vs 51 cts
Oper net 1,048,000 vs 1,870,000
Revs 72.2 mln vs 73.5 mln
Avg shrs 5,910,000 vs 3,680,000
Year
Oper shr 82 cts vs 72 cts
Oper net 4,307,000 vs 2,637,000
Revs 295.3 mln vs 287.5 mln
Avg shrs 5,235,000 vs 3,680,000
NOTE: Results exclude one-time gains of 223,000 or four cts
and 564,000 or 11 cts for 1986 qtr and year vs gains of
6,359,000 or 1.73 dlrs and 7,318,000 or 1.99 dlrs for prior
periods.
|
training/5570
|
training/5570 |@title ethiopia:1 minister:1 see:1 africa:1 debt:1 payment:1 problem:1 |@word africa:8 may:1 follow:2 brazil:2 halt:1 foreign:5 debt:3 payment:2 unless:2 industrialise:2 nation:1 prepared:1 flexible:1 trade:4 economic:5 policy:1 ethiopian:2 minister:2 tesfay:3 dinka:1 say:7 grow:1 protectionism:1 decline:1 commodity:2 price:2 cause:1 major:1 deterioration:1 export:3 earning:2 develop:4 country:8 open:1 speech:1 meeting:4 african:4 addis:1 ababa:1 early:1 improvement:1 term:1 choice:1 route:1 appear:1 take:1 two:2 day:1 delegate:1 50:2 state:2 call:2 work:1 consensus:1 ahead:1 group:1 77:1 ministerial:1 havana:1 next:1 month:1 debate:1 strategy:1 negotiation:2 west:2 accuse:2 intransigence:1 recent:2 agreement:1 failure:1 international:1 coffee:3 organisation:1 agree:1 reintroduction:1 quota:1 would:1 mean:1 several:1 exchange:2 import:1 essential:1 item:1 account:1 60:1 pct:1 fall:1 world:1 sharply:1 reduce:1 adebayo:1 adedeji:3 executive:1 secretary:1 u:3 n:3 commission:1 tell:1 increase:1 net:1 outflow:1 resource:3 blame:1 high:1 interest:1 rate:1 servicing:1 repatriation:1 profit:1 investor:1 pay:1 13:1 billion:4 dlrs:3 service:2 total:1 last:2 year:4 1990:1 annual:1 expect:1 rise:1 16:1 24:1 fail:1 provide:1 implement:1 program:2 recovery:1 development:1 despite:1 willingness:1 raise:2 third:1 capital:1 domestic:1 source:1 approve:1 128:1 investment:1 five:1 western:1 donor:2 ask:1 contribute:1 46:1 rest:1 local:1 respond:1 hope:1 view:1 poor:1 response:1 possible:1 2:1 000:1 nearly:1 except:1 categorise:1 least:1 present:1 27:1 odd:1 officially:1 list:1 category:1
|
ETHIOPIA MINISTER SEES AFRICA DEBT PAYMENT PROBLEM
Africa may have to follow Brazil in
halting foreign debt payments unless industrialised nations are
prepared to be more flexible in trade and economic policy,
Ethiopian trade minister Tesfay Dinka said.
Growing protectionism and declining commodity prices had
caused a major deterioration in the export earnings of all
developing countries, he said in an opening speech to a meeting
of African trade ministers in Addis Ababa.
Unless there was an early improvement in developing
countries' terms of trade 'the only choice is to follow the
route that Brazil appears to have taken,' Tesfay said.
The two-day meeting of delegates from 50 African states was
called to work out a consensus ahead of the Group of 77
ministerial meeting in Havana next month, when the developing
countries will debate their strategy in economic negotiations
with the West.
Tesfay accused the West of intransigence in the negotiation
of recent commodity agreements.
The failure of the International Coffee Organisation to
agree on the reintroduction of export quotas would mean 'several
African countries will not have the foreign exchange to import
essential items,' he said.
Coffee accounts for 60 pct of Ethiopian exports and the
recent fall in world coffee prices has sharply reduced the
country's foreign exchange earnings.
Adebayo Adedeji, the executive secretary of the U.N.
Economic Commission for Africa, told the meeting that there was
an increasing net outflow of resources from Africa.
He blamed this on high interest rates, debt servicing and
the repatriation of profits by foreign investors.
Africa paid 13 billion dlrs to service its total foreign
debt last year and by 1990 annual service payments are expected
to rise to between 16 and 24 billion, Adedeji said.
He accused industrialised countries of failing to provide
more resources to implement the U.N. Program for Africa's
economic recovery and development, despite Africa's willingness
to raise two thirds of the capital from domestic sources.
The U.N. Program, approved last year, calls for 128 billion
dlrs of economic investment in Africa over five years.
Western donors were asked to contribute 46 billion dlrs,
with the rest being raised from local resources, but Adedeji
said the donors had not responded as hoped.
In view of this poor response, he said 'it is possible that
by the year 2,000 nearly all African countries, except a few,
will be categorised as least developed countries.'
At present, 27 of Africa's 50-odd states are officially
listed in this category.
|
training/5571
|
training/5571 |@title canbra:2 foods:2 ltd:2 set:2 special:2 one:2 time:2 five:2 dlr:2 common:2 shr:2 cash:2 payout:2 |@word
|
CANBRA FOODS LTD SETS SPECIAL ONE-TIME FIVE DLR/COMMON SHR CASH PAYOUT
CANBRA FOODS LTD SETS SPECIAL ONE-TIME FIVE DLR/COMMON SHR CASH PAYOUT
|
training/5572
|
training/5572 |@title canbra:2 foods:2 ltd:2 year:2 oper:2 shr:2 profit:2 1:2 52:2 dlrs:2 vs:2 loss:2 55:2 ct:2 |@word
|
CANBRA FOODS LTD YEAR OPER SHR PROFIT 1.52 DLRS VS LOSS 55 CTS
CANBRA FOODS LTD YEAR OPER SHR PROFIT 1.52 DLRS VS LOSS 55 CTS
|
training/5573
|
training/5573 |@title wilson:1 foods:1 corp:1 wilf:1 2nd:1 qtr:1 jan:1 31:1 net:1 |@word oper:4 shr:2 profit:4 21:2 ct:3 vs:6 loss:4 55:2 net:4 1:3 528:1 000:5 3:3 296:1 sale:2 329:1 4:3 mln:6 368:1 0:1 1st:1 half:3 28:1 dlrs:4 2:2 026:1 27:1 691:1 738:1 note:1 prior:1 include:1 pretax:1 charge:1 plant:1 closing:1 workforce:1 reduction:1 current:1 year:1 exclude:1 tax:1 credit:1 381:1 quarter:1 722:1
|
WILSON FOODS CORP <WILF> 2ND QTR JAN 31 NET
Oper shr profit 21 cts vs loss 55 cts
Oper net profit 1,528,000 vs loss 3,296,000
Sales 329.4 mln vs 368.0 mln
1st half
Oper shr profit 28 cts vs loss 4.55 dlrs
Oper net profit 2,026,000 vs loss 27.3 mln
Sales 691.3 mln vs 738.2 mln
NOTE: Prior half net includes pretax charge 21.4 mln dlrs
from plant closings and workforce reductions.
Current year net excludes tax credits of 1,381,000 dlrs in
quarter and 1,722,000 dlrs in half.
|
training/5575
|
training/5575 |@title canbra:1 foods:1 ltd:1 year:1 net:1 |@word oper:2 shr:2 profit:2 1:3 52:1 dlrs:2 vs:2 loss:2 55:1 ct:2 4:1 172:1 188:1 502:1 032:1 rev:1 give:1 note:1 1986:1 net:1 exclude:1 extraordinary:1 gain:1 294:1 245:1 47:1 share:1 sale:1 stafford:1 food:1 unit:1
|
<CANBRA FOODS LTD> YEAR NET
Oper shr profit 1.52 dlrs vs loss 55 cts
Oper profit 4,172,188 vs loss 1,502,032
Revs not given
Note: 1986 shr and net exclude extraordinary gain of
1,294,245 dlrs or 47 cts share on sale of Stafford Foods unit
|
training/5576
|
training/5576 |@title oxford:1 first:1 corp:1 ofc:1 4th:1 qtr:1 net:1 |@word oper:4 shr:2 45:1 ct:4 vs:9 24:1 qtly:1 div:1 six:2 prior:1 net:3 1:2 766:1 000:10 950:1 revs:2 9:2 321:1 5:1 298:1 year:2 25:1 dlrs:5 one:1 dlr:1 4:1 985:1 3:2 894:1 28:1 mln:2 19:1 note:1 exclude:1 loss:1 discontinue:1 operation:1 161:1 66:1 quarter:1 464:1 226:1 dividend:1 pay:1 may:1 five:1 record:1 april:1 13:1 share:1 adjust:1 three:1 two:1 stock:1 split:1
|
OXFORD FIRST CORP <OFC> 4TH QTR NET
Oper shr 45 cts vs 24 cts
Qtly div six cts vs six cts prior
Oper net 1,766,000 vs 950,000
Revs 9,321,000 vs 5,298,000
Year
Oper shr 1.25 dlrs vs one dlr
Oper net 4,985,000 vs 3,894,000
Revs 28.3 mln vs 19.9 mln
NOTE: Net excludes losses from discontinued operations of
161,000 dlrs vs 66,000 dlrs in quarter and 464,000 dlrs vs
226,000 dlrs in year.
Dividend pay May Five, record April 13.
Share adjusted for three-for-two stock split.
|
training/5579
|
training/5579 |@title harris:1 teeter:1 property:1 htp:1 report:1 earning:1 |@word harris:1 teeter:1 properties:1 inc:1 report:1 fourth:1 quarter:1 fiscal:1 1986:1 earning:2 per:1 share:1 24:1 ct:1 601:1 000:1 dlrs:1 realty:1 investment:1 trust:1 company:1 start:1 operation:1 august:1 comparable:1 figure:1 say:1
|
HARRIS-TEETER PROPERTIES <HTP> REPORTS EARNINGS
Harris-Teeter Properties Inc
reported fourth quarter fiscal 1986 earnings per share of 24
cts on earnings of 601,000 dlrs.
The realty investment trust company started operations in
August and had no comparable figures, it said.
|
training/558
|
training/558 |@title hoechst:1 ag:1 complete:1 celanese:1 cz:1 acquisition:1 |@word hoechst:2 ag:1 west:1 germany:1 say:1 complete:1 acquisition:1 celanese:2 corp:1 acquire:1 majority:1 share:2 recent:1 tender:1 offer:1 245:1 dlrs:1 per:1 common:1
|
<HOECHST AG> COMPLETES CELANESE <CZ> ACQUISITION
Hoechst AG of West Germany said
it has completed the acquisition of Celanese Corp.
Hoechst acquired a majority of Celanese shares in a recent
tender offer at 245 dlrs per common share.
|
training/5582
|
training/5582 |@title bsn:2 corp:1 4th:1 qtr:1 net:1 |@word shr:3 two:2 ct:6 vs:8 eight:1 net:3 73:1 000:9 233:1 revs:2 21:1 0:1 mln:3 9:1 510:1 avg:2 shrs:2 3:3 620:1 2:3 886:2 year:2 66:1 37:1 246:1 1:1 064:1 68:1 40:1 8:1 392:1 note:1 1985:1 include:1 extraordinary:1 gain:2 one:1 cumulative:1 effect:1 account:1 change:1
|
BSN CORP <BSN> 4TH QTR NET
Shr two cts vs eight cts
Net 73,000 vs 233,000
Revs 21.0 mln vs 9,510,000
Avg shrs 3,620,000 vs 2,886,000
Year
Shr 66 cts vs 37 cts
Net 2,246,000 vs 1,064,000
Revs 68.3 mln vs 40.8 mln
Avg shrs 3,392,000 vs 2,886,000
NOTE: 1985 year net includes extraordinary gain one ct shr
and gain two cts from cumulative effect of accounting change.
|
training/5583
|
training/5583 |@title bsn:3 see:1 high:1 1987:1 net:1 |@word corp:1 say:1 expect:1 revenue:3 120:1 mln:3 dlrs:5 substantial:1 increase:1 net:2 income:2 earning:1 per:3 share:3 1987:1 today:1 report:1 1986:1 2:1 246:1 000:2 66:1 ct:2 68:1 3:1 1:1 064:1 37:1 40:1 8:1 year:1
|
BSN <BSN> SEES HIGHER 1987 NET
BSN Corp said it expects revenues of
about 120 mln dlrs and a substantial increase in net income and
earnings per share for 1987.
Today it reported 1986 net income of 2,246,000 dlrs or 66
cts per share on revenues of 68.3 mln dlrs, up from 1,064,000
dlrs or 37 cts per share on revenues of 40.8 mln dlrs a year
before.
|
training/5585
|
training/5585 |@title combine:1 int:1 l:1 pma:1 holder:1 vote:1 split:1 |@word combined:1 international:1 corp:2 say:3 ask:2 shareholder:1 april:2 23:1 annual:2 meeting:3 approve:2 doubling:1 authorized:2 common:1 share:2 120:1 mln:2 holder:2 also:3 vote:2 proposal:2 create:1 new:2 class:2 25:1 serial:1 prefer:1 stock:4 one:1 dlr:1 par:1 value:1 place:1 exist:1 unissue:1 preferred:1 regular:1 march:1 board:1 member:1 consider:1 split:1 dividend:1 would:1 contingent:1 upon:1 stockholder:1 approval:1 change:1 capital:1 structure:1 corporate:1 name:2 aon:2 gaelic:1 word:1 meaning:1 unit:1 intend:1 eliminate:1 confusion:1 parent:1 company:1 principal:1 subsidiary:1 combine:1 insurance:2 co:1 america:1 holders:1 limit:1 liability:2 director:2 amend:1 provision:1 indemnifying:1 officer:1 employee:1 agent:1 reduce:1 cost:1
|
COMBINED INT'L <PMA> HOLDERS TO VOTE ON SPLIT
Combined International Corp said it
will ask shareholders at the April 23 annual meeting to approve
the doubling of authorized common shares to 120 mln.
Holders will also vote on a proposal to create a new class
of 25 mln shares of serial preferred stock one dlr par value in
place of its existing classes of authorized and unissued
preferred stock.
It said at its regular March board meeting members will
consider a stock split or stock dividend, which would be
contingent upon stockholder approval of the changes in the
capital structure at the April annual meeting.
Holders will also be asked to approve a new corporate name,
Aon Corp. It said aon is a Gaelic word meaning unit. The name
is intended to eliminate confusion between the parent company
and its principal subsidiary, Combined Insurance Co of America.
Holders will also vote on a proposal to limit the liability
of directors and amend the provision for indemnifying
directors, officers employees an agents. This is being done to
reduce the costs of liability insurance.
|
training/5586
|
training/5586 |@title canbra:1 foods:1 set:1 special:1 five:1 dlr:1 shr:1 payout:1 |@word canbra:3 foods:2 ltd:2 earlier:2 report:2 1986:4 net:2 profit:1 year:2 ago:2 loss:2 say:2 declare:1 special:2 one:1 time:1 dividend:1 five:1 dlrs:3 per:1 common:1 share:1 pay:1 march:2 31:1 record:1 26:1 set:1 payout:1 allow:1 shareholder:1 participate:1 gain:2 sale:2 unit:1 stafford:2 november:1 well:1 company:1 unusually:1 profitable:1 performance:1 earning:1 4:1 2:1 mln:3 exclude:1 1:2 3:1 dlr:1 compare:1 5:1
|
CANBRA FOODS SETS SPECIAL FIVE DLR/SHR PAYOUT
<Canbra Foods Ltd>, earlier
reporting a 1986 net profit against a year-ago loss, said it
declared a special, one-time dividend of five dlrs per common
share, pay March 31, record March 26.
Canbra said it set the special payout to allow shareholders
to participate in the gain on the sale of unit Stafford Foods
Ltd in November, 1986, as well as the company's 'unusually
profitable performance' in 1986.
Canbra earlier reported 1986 net earnings of 4.2 mln dlrs,
excluding a 1.3 mln dlr gain on the Stafford sale, compared to
a year-ago loss of 1.5 mln dlrs.
|
training/559
|
training/559 |@title americus:1 trust:1 hpu:1 extend:1 deadline:1 |@word americus:1 trust:3 american:2 home:2 product:2 share:4 say:2 extend:1 deadline:1 accept:2 tender:2 november:2 26:2 extension:1 nine:1 month:1 7:1 5:1 mln:2 ahp:1 already:1 receive:1 four:1 manage:1 alex:1 brown:1 sons:1 inc:1 absb:1 form:1 1986:1
|
AMERICUS TRUST <HPU> EXTENDS DEADLINE
Americus Trust for American Home
Products Shares said it extended its deadline for accepting
tendered shares until November 26, an extension of nine months.
The trust, which will accept up to 7.5 mln shares of
American Home Products <AHP>, said it has already received
tenders for about four mln shares.
The trust is managed by Alex. Brown and Sons Inc <ABSB> and
was formed November 26, 1986.
|
training/5592
|
training/5592 |@title advance:1 circuits:1 inc:1 advc:1 2nd:1 qtr:1 feb:1 28:1 net:1 |@word oper:4 shr:3 profit:2 one:1 ct:5 vs:6 loss:6 22:1 net:2 35:1 000:5 948:1 revs:2 17:1 4:1 mln:4 13:1 8:1 six:1 mth:1 23:1 48:1 1:2 025:1 2:1 093:1 32:1 5:1 27:1 6:1 note:1 result:1 exclude:1 credit:1 737:1 39:1 1987:1 period:1 refinance:1 debt:1
|
ADVANCE CIRCUITS INC <ADVC> 2ND QTR FEB 28 NET
Oper shr profit one cts vs loss 22 cts
Oper net profit 35,000 vs loss 948,000
Revs 17.4 mln vs 13.8 mln
Six mths
Oper shr loss 23 cts vs loss 48 cts
Oper net loss 1,025,000 vs loss 2,093,000
Revs 32.5 mln vs 27.6 mln
NOTE: Results exclude credits of 1,737,000 or 39 cts shr
for both 1987 periods from refinancing of debt.
|
training/5593
|
training/5593 |@title commonwealth:1 mortgage:1 cma:1 set:1 payout:1 |@word qtrly:2 div:2 26:1 ct:2 class:2 vs:2 12:1 one:1 cent:1 b:1 nil:1 pay:1 may:1 15:1 record:1 march:1 31:1 note:1 prior:1 qtr:2 pro:1 rate:1 45:1 day:1 basis:1 abbreviate:1 full:1 name:1 company:1 commonwealth:1 mortgage:1 america:1
|
COMMONWEALTH MORTGAGE <CMA> SETS PAYOUT
Qtrly div 26 cts Class A vs 12 cts
Qtrly div one cent Class B vs nil
Pay May 15
Record March 31
NOTE: prior qtr pro rated on 45 day basis for abbreviated
qtr.
Full name of company commonwealth mortgage of america.
|
training/5594
|
training/5594 |@title bkla:1 bancorp:1 dec:1 31:1 year:1 net:1 |@word shr:1 90:1 ct:2 vs:5 66:1 net:1 924:1 000:2 679:1 loan:1 88:1 7:2 mln:6 67:1 4:1 deposit:1 165:1 5:3 106:1 asset:1 181:1 124:1
|
<BKLA BANCORP> DEC 31 YEAR NET
Shr 90 cts vs 66 cts
Net 924,000 vs 679,000
Loans 88.7 mln vs 67.4 mln
Deposits 165.5 mln vs 106.7 mln
Assets 181.5 mln vs 124.5 mln
|
training/5595
|
training/5595 |@title precision:1 target:1 marketing:1 ptmi:1 3rd:1 qtr:1 net:1 |@word qtr:1 end:1 jan:1 31:1 shr:2 profit:4 one:1 ct:5 vs:6 loss:4 two:2 net:2 74:1 000:8 122:1 revs:2 1:2 657:1 416:1 nine:2 mth:1 five:1 10:1 299:1 624:1 5:1 134:1 3:1 744:1 note:1 full:1 name:1 precision:1 target:1 marketing:1 inc:1 month:1 1987:1 include:1 extraordinary:1 gain:1 per:1 share:1
|
PRECISION TARGET MARKETING <PTMI> 3RD QTR NET
Qtr ends Jan 31
Shr profit one ct vs loss two cts
Net profit 74,000 vs loss 122,000
Revs 1,657,000 vs 1,416,000
Nine mths
Shr profit five cts vs loss 10 cts
Net profit 299,000 vs loss 624,000
Revs 5,134,000 vs 3,744,000
NOTE: Full name Precision Target Marketing Inc.
Nine months 1987 includes extraordinary gain of two cts per
share.
|
training/5596
|
training/5596 |@title cheyenne:1 software:1 chey:1 acquisition:1 talk:1 |@word cheyenne:2 software:1 inc:3 say:3 preliminary:1 talk:1 acquisition:1 compouter:1 hardware:1 distribution:1 firm:1 f:3 components:1 freeman:1 owings:1 subsidiary:1 company:1 sale:1 43:1 1:1 mln:1 dlrs:1 1986:1 expect:1 report:1 loss:1 year:1 purchase:1 price:1 would:2 pay:1 common:1 stock:1 provide:1 additional:1 finance:1 operation:1
|
CHEYENNE SOFTWARE <CHEY> IN ACQUISITION TALKS
Cheyenne Software Inc said it is
in preliminary talks on the acquisition of compouter hardware
distribution firm F.A. Components Inc and its Freeman-Owings
Inc subsidiary.
The company said F.A. had sales of 43.1 mln dlrs for 1986
and expects to report a loss for the year.
Cheyenne said the purchase price would be paid in common
stock and it would provide additional finances for the
operation of F.A.
|
training/5597
|
training/5597 |@title hudson:1 valley:1 patrol:1 agree:1 buy:1 guard:1 firm:1 |@word hudson:2 valley:2 patrol:2 inc:2 say:4 agree:1 acquire:1 privately:1 hold:1 federal:3 protection:3 services:1 palm:1 beach:1 fla:1 security:1 firm:1 200:2 000:2 common:2 share:3 consideration:1 provide:2 guard:2 service:3 upstate:1 n:1 investigation:1 uniformed:1 armoured:1 truck:1 bank:1 corporation:1 residential:1 community:1 southern:1 florida:1 company:1 issue:1 closing:1 additional:1 base:1 pretax:1 earning:1 next:1 three:1 year:1 close:1 subject:1 set:1 definitive:1 agreement:1
|
HUDSON VALLEY PATROL AGREES TO BUY GUARD FIRM
Hudson Valley Patrol Inc said it
agreed to acquire privately held Federal Protection Services
Inc, a Palm Beach, Fla., security firm, for 200,000 common
shares and other considerations.
Hudson Valley, which provides guard and patrol services in
upstate N.Y., said Federal Protection Services provides
investigation, uniformed guard and armoured truck services to
banks, corporations and residential communities in southern
Florida.
The company said it will issue 200,000 shares of its common
at closing and additional shares based on Federal Protection's
pretax earnings over the next three years.
Closing is subject to setting a definitive agreement, it
said.
|
training/5598
|
training/5598 |@title icco:1 examine:1 buffer:1 stock:1 proposal:1 tomorrrow:1 |@word international:1 cocoa:4 organization:1 icco:3 council:2 adjourn:1 present:2 divergent:1 producer:4 consumer:5 view:2 buffer:9 stock:9 rule:2 agree:1 examine:1 draft:1 compromise:3 proposal:1 issue:1 tomorrow:2 delegate:6 say:8 executive:1 director:1 kobena:1 erbynn:1 draw:1 call:1 pre:1 work:1 group:1 1130:1 hrs:1 gmt:1 tuesday:1 member:4 nation:1 disagree:1 implement:1 side:1 reiterate:1 willing:1 come:2 agreement:2 optimistic:1 able:2 maybe:1 next:1 day:1 time:1 later:1 session:1 want:1 consist:1 comprise:1 representative:1 basket:1 various:1 grade:2 cocoas:1 pay:2 different:3 price:2 would:1 rather:1 manager:1 buy:1 non:1 also:1 single:1 without:1 respect:1 origin:1 unify:1 operate:1 several:1 country:1 back:1 aspect:1 stance:1 semi:1 annual:1 meeting:1 schedule:1 run:1 march:1 27:1 consideration:1 controversial:1 topic:1 agenda:1
|
ICCO TO EXAMINE BUFFER STOCK PROPOSAL TOMORRROW
The International Cocoa Organization,
ICCO, council adjourned after presenting divergent producer and
consumer views on buffer stock rules and agreeing to examine a
draft compromise proposal on the buffer stock issue tomorrow,
delegates said.
ICCO Executive Director Kobena Erbynn will draw up what
some delegates called a 'pre-compromise' and present it to the
buffer stock working group at 1130 hrs GMT Tuesday, they said.
While consumer and producer member nations disagree how a
buffer stock should be implemented, both sides reiterated they
were willing to compromise to come to agreement, they said.
'I am optimistic we will be able to come to an agreement --
maybe not tomorrow or the next day, but some time later in the
session,' a consumer delegate said.
Producers say they want the buffer stock to consist only of
ICCO member cocoa, comprise a representative basket of various
grade cocoas and pay different prices for different grades,
delegates said.
Some consumers would rather the buffer stock manager be
able to buy non-member cocoa also, and pay a single price for
the buffer stock cocoa without respect to origin.
Consumer members were not unified in their views on how the
buffer stock should operate, with several countries backing
different aspects of the producer stance, delegates said.
The semi-annual council meeting is scheduled to run until
March 27. Consideration of the buffer stock rules is the most
controversial topic on the agenda, delegates said.
|
training/56
|
training/56 |@title international:1 cite:1 strong:1 prospect:1 |@word international:2 inc:1 report:2 operating:1 loss:2 january:1 31:1 second:1 quarter:2 say:5 prospect:1 balance:1 fiscal:3 year:4 remain:1 good:1 order:2 harris:2 graphics:1 subsidiary:1 acquire:1 june:1 1986:1 continue:1 run:2 strong:1 pace:1 six:1 month:1 rise:2 35:1 pct:2 corresponding:1 prior:1 period:1 annualized:1 basis:1 630:1 mln:5 dlrs:4 backlog:1 30:2 beginning:1 old:1 division:1 expect:1 benefit:1 recent:1 new:1 product:1 introduction:1 decline:1 value:1 dollar:1 research:1 development:1 engineering:1 expenditure:2 1987:1 45:1 50:1 dlr:1 range:1 company:1 allocate:1 another:1 40:1 capital:1 earlier:1 fourth:1 operate:1 two:1 ct:2 share:2 compare:1 profit:1 seven:1 ago:1 revenue:1 291:1 8:1 151:1 1:1
|
AM INTERNATIONAL <AM> CITES STRONG PROSPECTS
AM International Inc, reporting an
operating loss for the January 31 second quarter, said
prospects for the balance of the fiscal year remain good.
It said orders at its Harris Graphics subsidiary, acquired
in June 1986, 'continue to run at a strong pace.' For the six
months, orders rose 35 pct over the corresponding prior-year
period, or on an annualized basis are running at about 630 mln
dlrs.
The backlog at Harris is up 30 pct from the beginning of
the fiscal year, AM said.
AM International said its old division are expected to
benefit from recent new product introductions and the decline
in the value of the dollar.
'Research, development and engineering expenditures in
fiscal 1987 will be in the 45-50 mln dlr range, and the company
said it has allocated another 30-40 mln dlrs for capital
expenditures.
Earlier AM reported a fourth quarter operating loss of two
cts a share compared to profits of seven cts a share a year
ago. Revenues rose to 291.8 mln dlrs from 151.1 mln dlrs.
|
training/560
|
training/560 |@title morse:1 shoe:1 inc:1 mrs:1 4th:1 qtr:1 net:1 |@word shr:2 59:1 ct:2 vs:6 48:1 net:2 3:2 244:1 000:4 2:1 584:1 revs:2 169:1 mln:3 156:1 0:2 12:1 mth:1 1:2 78:1 dlrs:2 32:1 9:1 733:1 7:1 164:1 585:1 6:1 541:1
|
MORSE SHOE INC <MRS> 4TH QTR NET
Shr 59 cts vs 48 cts
Net 3,244,000 vs 2,584,000
Revs 169.3 mln vs 156.0 mln
12 mths
Shr 1.78 dlrs vs 1.32 dlrs
Net 9,733,000 vs 7,164,000
Revs 585.6 mln vs 541.0
|
training/5600
|
training/5600 |@title amcast:1 industrial:1 corp:1 acst:1 2nd:1 qtr:1 march:1 one:1 |@word shr:2 profit:4 10:1 ct:2 vs:8 loss:4 2:2 20:1 dlrs:2 net:2 687:1 000:6 14:1 5:1 mln:6 sale:2 68:1 3:2 54:1 8:2 avg:2 shrs:2 7:1 018:1 6:3 577:1 1st:1 half:1 38:1 1:1 95:1 596:1 12:1 129:1 9:1 113:1 964:1 568:1
|
AMCAST INDUSTRIAL CORP <ACST> 2ND QTR MARCH ONE
Shr profit 10 cts vs loss 2.20 dlrs
Net profit 687,000 vs loss 14.5 mln
Sales 68.3 mln vs 54.8 mln
Avg shrs 7,018,000 vs 6,577,000
1st half
Shr profit 38 cts vs loss 1.95 dlrs
Net profit 2,596,000 vs loss 12.8 mln
Sales 129.9 mln vs 113.3 mln
Avg shrs 6,964,000 vs 6,568,000
|
training/5602
|
training/5602 |@title scientific:1 systems:1 services:1 inc:1 sssv:1 4th:1 qtr:1 |@word shr:2 profit:4 four:1 ct:3 vs:6 loss:4 49:1 net:2 160:1 700:2 1:2 867:1 100:1 revs:1 4:2 000:2 5:3 600:1 year:1 two:1 20:2 dlrs:1 84:1 400:1 507:1 800:1 rev:1 mln:2 22:1
|
SCIENTIFIC SYSTEMS SERVICES INC <SSSV> 4TH QTR
Shr profit four cts vs loss 49 cts
Net profit 160,700 vs loss 1,867,100
Revs 4,700,000 vs 5,600,000
Year
Shr profit two cts vs loss 1.20 dlrs
Net profit 84,400 vs loss 4,507,800
Revs 20.5 mln vs 22.5 mln
|
training/5603
|
training/5603 |@title skippers:1 inc:1 skip:1 semi:1 annual:1 dividend:1 |@word semi:1 annual:1 div:1 four:2 ct:2 vs:1 pay:1 april:2 30:1 record:1 9:1
|
SKIPPERS INC <SKIP> SEMI-ANNUAL DIVIDEND
Semi-annual div four cts vs four cts
Pay April 30
Record April 9
|
training/5604
|
training/5604 |@title ziegler:1 co:1 inc:1 zegl:1 set:1 quarterly:1 |@word qtly:1 div:1 13:2 ct:2 vs:1 prior:1 pay:1 april:2 17:1 record:1 3:1
|
ZIEGLER CO INC <ZEGL> SETS QUARTERLY
Qtly div 13 cts vs 13 cts prior
Pay April 17
Record April 3.
|
training/5606
|
training/5606 |@title u:2 export:2 inspection:2 thous:2 bushel:2 soybean:2 18:2 345:2 wheat:2 11:2 470:2 corn:2 34:2 940:2 |@word
|
U.S. EXPORT INSPECTIONS, IN THOUS BUSHELS SOYBEANS 18,345 WHEAT 11,470 CORN 34,940
U.S. EXPORT INSPECTIONS, IN THOUS BUSHELS SOYBEANS 18,345 WHEAT 11,470 CORN 34,940
|
training/5608
|
training/5608 |@title banking:1 center:1 tbcx:1 make:1 acquisition:1 |@word banking:1 center:1 say:2 sign:1 letter:1 intent:1 acquire:1 first:3 railroad:2 mortgage:1 co:1 union:1 bank:1 augusta:1 ga:1 undisclosed:1 term:1 company:1 loan:2 production:1 100:1 mln:2 dlrs:2 1986:2 service:1 435:1 end:1
|
BANKING CENTER <TBCX> TO MAKE ACQUISITION
Banking Center said it has
signed a letter of intent to acquire First Railroad Mortgage Co
from First Union Bank of Augusta, Ga., for undisclosed terms.
The company said First Railroad had loan production of over
100 mln dlrs in 1986 and was servicing over 435 mln dlrs in
loans at the end of 1986.
|
training/5609
|
training/5609 |@title san:1 paolo:1 di:1 torino:1 acquire:1 californian:1 bank:1 |@word italian:1 state:1 bank:4 istituto:1 bancario:1 san:3 paolo:3 di:1 torino:1 say:2 fully:1 u:2 holding:1 co:1 wilmington:1 sign:1 letter:1 intent:1 acquire:1 valley:2 national:2 california:1 statement:1 subject:1 obtain:1 official:1 authorization:1 relevant:1 body:1 would:1 merge:1 subsidiary:1 first:1 los:1 angeles:1 value:1 planned:1 acquisition:1 disclose:1
|
SAN PAOLO DI TORINO TO ACQUIRE CALIFORNIAN BANK
Italian state bank <Istituto Bancario San
Paolo di Torino> said its fully-owned <San Paolo U.S. Holding
Co> of Wilmington in the U.S. had signed a letter of intent to
acquire <Valley National Bank> of California.
San Paolo said in a statement that, subject to obtaining
official authorization from the relevant bodies, it would merge
Valley National Bank with its subsidiary <First Los Angeles
Bank>.
Value of the planned acquisition was not disclosed.
|
training/5610
|
training/5610 |@title usda:1 detail:1 conservation:1 crop:1 enrollment:1 |@word farmer:1 enrol:2 6:2 5:1 mln:3 acre:15 program:7 crop:5 late:1 conservation:2 reserve:1 signup:1 around:1 four:1 non:5 agriculture:1 department:1 specialist:1 say:4 soybean:2 acreage:6 amount:1 less:1 two:1 usda:3 analyst:4 heavy:1 enrollment:4 base:1 wheat:3 state:2 big:1 percentage:1 would:1 fallow:1 land:1 account:1 large:1 portion:1 corn:2 comprise:1 slightly:1 40:1 pct:1 total:4 10:2 572:2 402:2 accept:1 ten:1 year:1 give:1 following:1 breakdown:2 2:2 615:1 140:1 1:1 894:1 764:1 barley:1 705:1 888:1 sorghum:1 585:1 552:1 cotton:1 417:1 893:1 rice:1 035:1 peanut:1 611:1 tobacco:1 285:1 512:1 700:1 nonprogram:1 4:1 059:1 702:1 currently:1 work:1 complete:1 ready:1 publication:1 later:1 week:1
|
USDA DETAILS CONSERVATION CROP ENROLLMENT
Farmers enrolled over 6.5 mln acres
of program crops in the latest conservation reserve program
signup and around four mln acres of non-program crops,
Agriculture Department conservation specialists said.
Soybean acreage amounted to less than two mln acres of the
non-program crop acreage enrolled, a USDA analyst said. Heavy
enrollment of non-base acreage in wheat states, of which a big
percentage would be fallow and non-soybean land, accounted for
a large portion of the non-program acreage, the analyst said.
Wheat and corn acreage comprised slightly over 40 pct of
the total 10,572,402 acres accepted into the ten-year program.
USDA analysts gave the following enrollment breakdown:
-- wheat 2,615,140 acres
-- corn 1,894,764 acres
-- barley 705,888 acres
-- sorghum 585,552 acres
-- cotton 417,893 acres
-- rice 2,035 acres
-- peanuts 611 acres
-- tobacco 285 acres
-- total program crops 6,512,700 acres
-- total nonprogram 4,059,702 acres
-- total enrollment 10,572,402 acres
USDA analysts are currently working on a complete state
breakdown of crop acreage enrollment and should have it ready
for publication later this week, they said.
|
training/5611
|
training/5611 |@title u:1 senator:1 uncommitte:1 offer:1 0:1 92:1 bill:1 |@word senator:3 richard:1 lugar:4 indiana:1 rank:1 republican:1 u:1 senate:1 agriculture:1 committee:1 decide:2 whether:1 introduce:1 administration:2 back:1 bill:3 apply:1 call:1 0:2 92:2 provision:1 1988:1 1990:1 grain:1 crop:1 aide:4 say:3 reagan:1 ask:1 offer:2 measure:2 however:1 number:1 farm:2 group:1 tell:1 oppose:1 proposal:2 ground:1 would:1 reopen:1 1985:1 take:1 second:1 look:1 last:1 week:1 indicate:1 plan:1 tighten:1 payment:1 limitation:1 loophole:1
|
U.S. SENATOR UNCOMMITTED ON OFFERING 0/92 BILL
Senator Richard Lugar of Indiana,
ranking Republican on the U.S. Senate Agriculture Committee,
has not decided whether to introduce an administration-backed
bill to apply the so-called 0/92 provision to 1988 through 1990
grain crops, an aide to the senator said.
The Reagan administration has asked Lugar to offer the
measure, the aide said.
However, a number of farm groups have told Lugar they
oppose the proposal on the grounds it would reopen the 1985
farm bill, and the senator has decided to take a second look at
the proposal, the aide said.
Last week the aide indicated Lugar was planning to offer
the 0/92 measure and a bill to tighten a payment limitation
loophole.
|
training/5615
|
training/5615 |@title international:1 fine:1 food:1 make:1 acquisition:1 |@word international:1 fine:1 foods:1 inc:2 say:1 acquire:1 2001:2 distributors:1 west:1 babylon:1 n:1 875:1 000:1 common:1 share:2 plus:1 contingent:1 base:1 future:1 earning:1 distribute:1 fresh:1 squeeze:1 juice:1 loss:1 sale:1 one:1 mln:1 dlrs:1 1986:1 first:1 year:1 operation:1
|
INTERNATIONAL FINE FOODS MAKES ACQUISITION
<International Fine Foods Inc> said it
has acquired 2001 Distributors Inc of West Babylon, N.Y., for
875,000 common shares, plus contingent shares based on future
earnings.
2001 distributes fresh-squeezed juices and had a loss on
sales of about one mln dlrs in 1986, its first year of
operation.
|
training/5617
|
training/5617 |@title united:1 tote:2 inc:1 1st:1 qtr:1 jan:1 31:1 net:1 |@word shr:1 profit:2 nil:1 vs:3 loss:2 10:1 ct:1 net:1 2:1 936:1 170:1 866:1 revs:1 4:1 147:1 248:1 1:1 091:1 392:1
|
UNITED TOTE INC <TOTE> 1ST QTR JAN 31 NET
Shr profit nil vs loss 10 cts
Net profit 2,936 vs loss 170,866
Revs 4,147,248 vs 1,091,392
|
training/562
|
training/562 |@title ico:1 quota:1 talk:1 continue:1 outcome:1 hard:1 gauge:1 |@word talk:1 extended:1 special:1 meeting:3 international:1 coffee:1 organization:1 ico:1 reintroduction:1 export:2 quota:4 continue:1 chance:1 success:1 still:1 almost:1 impossible:1 gauge:1 delegate:6 say:6 producer:1 meet:1 examine:1 colombian:2 proposal:2 resume:1 historical:1 april:1 1:1 september:2 promise:1 define:1 specific:1 new:3 criterion:1 system:1 would:1 calculate:1 crop:1 year:1 opinion:1 among:1 potential:1 reach:1 agreement:1 vary:1 widely:1 consumer:1 mood:1 seem:1 slightly:1 optimistic:1 brazil:1 unwillingness:1 concede:1 traditional:1 30:1 55:1 pct:1 market:1 share:1 look:1 likely:1 preclude:1 accord:1 fresh:1 initiative:1 table:1 formally:1 today:1 full:1 council:1 set:1 1900:1 hour:1 progress:1 report:1
|
ICO QUOTA TALKS CONTINUE, OUTCOME HARD TO GAUGE
Talks at the extended special meeting of
the International Coffee Organization (ICO) on the
reintroduction of export quotas continued, but chances of
success were still almost impossible to gauge, delegates said.
Producer delegates were meeting to examine a Colombian
proposal to resume historical quotas from April 1 to September,
with a promise to define specific new criteria by which a new
quota system would be calculated in September for the new crop
year, they said.
Opinions among delegates over the potential for reaching a
quota agreement varied widely.
Some consumers said the mood of the meeting seemed slightly
more optimistic. But Brazil's unwillingness to concede any of
its traditional 30.55 pct of its export market share looks
likely to preclude any accord, other delegates said.
No fresh proposals other than the Colombian initiative had
been tabled formally today, delegates said.
A full council meeting was set for 1900 hours for a
progress report, delegates said.
|
training/5620
|
training/5620 |@title seven:1 oak:1 qpon:1 telemarketing:1 venture:1 |@word seven:5 oaks:1 international:1 inc:2 say:3 form:1 new:2 80:1 pct:2 subsidiary:1 call:1 oak:4 direct:4 offer:1 full:1 line:1 telemarketing:1 service:1 management:1 remain:1 20:1 company:1 initial:1 cost:1 connect:1 startupo:1 memphis:1 tenn:1 marketing:1 center:1 may:1 hurt:1 earning:1 slightly:1 first:1 half:1 year:1 end:1 april:1 1988:2 operate:1 bad:1 breakeven:1 fiscal:1 whole:1
|
SEVEN OAKS <QPON> IN TELEMARKETING VENTURE
Seven Oaks International Inc
said it has formed a new 80 pct owned subsidiary called Seven
Oaks Direct Inc to offer a full line of telemarketing services.
It said Seven Oaks direct management will own the remaining
20 pct.
The company said initial costs connected with the startupo
of a new Memphis, Tenn., marketing center for Seven Oaks direct
may hurt earnings slightly in the first half of the year ending
in April 1988, but Seven Oaks Direct should operate at no worse
than breakeven for fiscal 1988 as a whole.
|
training/5624
|
training/5624 |@title quadrex:1 corp:1 quad:1 4th:1 qtr:1 jan:1 31:1 loss:1 |@word shr:2 loss:7 eight:1 ct:4 vs:6 20:1 net:2 586:1 000:4 los:1 1:4 497:1 revs:2 13:1 8:1 mln:4 14:1 4:1 year:1 15:1 18:1 135:1 377:1 57:1 7:1 55:1
|
QUADREX CORP <QUAD> 4TH QTR JAN 31 LOSS
Shr loss eight cts vs loss 20 cts
Net loss 586,000 vs los 1,497,000
Revs 13.8 mln vs 14.4 mln
Year
Shr loss 15 cts vs loss 18 cts
Net loss 1,135,000 vs loss 1,377,000
Revs 57.7 mln vs 55.1 mln
|
training/5627
|
training/5627 |@title philip:1 crosby:1 associates:1 pca:1 earning:1 delay:1 |@word philip:2 crosby:2 associates:1 inc:1 say:2 fourth:1 quarter:1 annual:1 earning:2 report:1 delay:2 two:1 week:1 company:1 cite:1 recent:1 house:1 embezzlement:1 subsequent:1 review:1 auditor:1 international:1 situation:1 reason:1 however:1 believe:1 december:1 estimate:1 call:1 per:1 share:1 10:1 ct:2 15:1 revenue:1 11:1 mln:1 dlrs:1 still:1 valid:1
|
PHILIP CROSBY ASSOCIATES <PCA> EARNINGS DELAYED
Philip Crosby Associates Inc
said its fourth quarter and annual earnings report will be
delayed two more weeks.
The company cited the recent in-house embezzlement and a
subsequent review by auditors of its international situation as
reason for the delay.
Philip Crosby, however, said it believes its December
estimate calling for earnings per share between 10 cts and 15
cts, on revenues of 11 mln dlrs, was still valid.
|
training/5629
|
training/5629 |@title united:1 tote:2 inc:1 1st:1 qtr:1 jan:1 31:1 net:1 |@word shr:1 nil:1 vs:3 loss:2 10:1 ct:1 net:1 profit:1 2:1 936:1 170:1 866:1 revs:1 4:1 147:1 248:1 1:1 091:1 392:1
|
UNITED TOTE INC <TOTE> 1ST QTR JAN 31 NET
Shr nil vs loss 10 cts
Net profit 2,936 vs loss 170,866
Revs 4,147,248 vs 1,091,392
|
training/5630
|
training/5630 |@title pacific:1 resources:1 pri:1 install:1 oil:1 mooring:1 |@word pacific:1 resources:1 inc:1 say:5 instal:1 calm:1 catenary:1 anchor:1 leg:1 moor:2 single:1 point:1 terminal:1 southwest:1 coast:1 oahu:1 hawaiian:1 independent:1 refinery:2 cost:1 3:1 5:1 mln:2 dlrs:1 system:3 transfer:1 crude:1 fuel:1 oil:1 tanker:1 tank:1 farm:1 carry:1 refined:1 product:1 ship:2 export:1 pri:2 company:1 chairman:1 robert:1 g:1 reed:1 new:2 mooring:2 permit:1 24:1 hour:1 service:1 kind:2 weather:1 reduce:1 turnaround:1 time:1 first:1 u:1 accomodate:1 vessel:1 150:1 000:1 deadweight:1 ton:1 one:1 barrel:1 cargo:1
|
PACIFIC RESOURCES <PRI> INSTALLS OIL MOORING
Pacific Resources Inc said it has
installed a CALM (Catenary Anchor Leg Mooring) single-point
mooring terminal off the southwest coast of Oahu at its
Hawaiian Independent Refinery at a cost of 3.5 mln dlrs.
The system transfers crude and fuel oils from tankers to
the refinery's tank farm and carries refined products to ships
for export, PRI said.
Company chairman Robert G. Reed said the new mooring system
will permit 24-hour service in most kinds of weather and will
reduce ship turnaround time. He said the mooring is the first
of its kind in the U.S.
The new system can accomodate vessels up to 150,000
deadweight tons, or one mln barrels of cargo, PRI said.
|
training/5632
|
training/5632 |@title new:1 plan:1 realty:1 trust:1 npr:1 2nd:1 qtr:1 net:1 |@word qtr:1 end:1 jan:1 31:1 shr:2 22:1 ct:4 vs:8 19:3 net:2 4:2 549:1 000:6 3:1 666:1 revs:2 8:3 903:1 7:2 791:1 avg:2 shrs:2 20:2 9:2 mln:6 six:1 mth:1 42:1 41:1 641:1 928:1 17:1 5:1 14:1 6:1 note:1 earning:1 restate:1 reflect:1 three:1 two:1 stock:1 split:1 april:1 one:1 1986:1
|
NEW PLAN REALTY TRUST <NPR> 2ND QTR NET
Qtr ends Jan 31
Shr 22 cts vs 19 cts
Net 4,549,000 vs 3,666,000
Revs 8,903,000 vs 7,791,000
Avg shrs 20.9 mln vs 19.9 mln
Six mths
Shr 42 cts vs 41 cts
Net 8,641,000 vs 7,928,000
Revs 17.5 mln vs 14.6 mln
Avg shrs 20.8 mln vs 19.4 mln
NOTE: earnings were restated to reflect the three-for-two
stock split on April one, 1986.
|
training/5634
|
training/5634 |@title schlumberger:2 say:2 terminate:2 pact:2 sell:2 fairchild:2 semiconductor:2 business:2 fujitsu:2 |@word
|
SCHLUMBERGER SAYS IT TERMINATES PACT TO SELL FAIRCHILD SEMICONDUCTOR BUSINESS TO FUJITSU
SCHLUMBERGER SAYS IT TERMINATES PACT TO SELL FAIRCHILD SEMICONDUCTOR BUSINESS TO FUJITSU
|
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