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training/6128
|
training/6128 |@title icco:1 group:1 look:1 cocoa:1 buffer:1 stock:1 rule:1 plan:1 |@word international:1 cocoa:4 organization:1 icco:3 buffer:8 stock:8 working:1 group:4 begin:1 examine:1 draft:1 proposal:5 rule:2 afternoon:1 delegate:7 say:8 plan:2 present:2 executive:1 director:1 kobena:1 erbynn:1 represent:1 compromise:1 producer:4 european:1 community:1 ec:2 consumer:5 view:1 operate:1 involve:1 three:1 key:1 principle:1 first:1 manager:3 would:3 open:1 offer:2 rather:1 use:1 fix:1 post:1 price:2 previously:1 system:2 free:1 choose:1 cocoas:1 vary:1 second:1 provision:1 non:1 member:2 could:1 comprise:1 maximum:1 10:1 pct:1 third:1 lay:1 pricing:1 pay:1 differential:1 different:1 grade:1 set:1 formula:1 work:3 meet:2 briefly:1 small:1 look:1 give:1 reaction:1 scheme:1 respond:1 tomorrow:1 1000:1 gmt:1 accept:1 good:1 base:1 one:1 starting:1 point:1 negotiation:1 subject:1 change:1
|
ICCO GROUP LOOKS AT COCOA BUFFER STOCK RULE PLAN
The International Cocoa Organization,
ICCO, buffer stock working group began examining a draft
proposal for buffer stock rules this afternoon, delegates said.
The plan, presented by ICCO Executive Director Kobena
Erbynn, represented a compromise between producer, European
Community, EC, and other consumer views on how the buffer stock
should operate, they said.
The proposal involved three key principles. First, the
buffer stock manager would be open to offers for cocoa rather
than using fixed posted prices as previously, delegates said.
Under an offer system, the buffer stock manager would be
free to choose cocoas of varying prices, they said.
The second provision was that non-ICCO member cocoa could
comprise a maximum 10 pct of the buffer stock, while the third
laid out a pricing system under which the buffer stock manager
would pay differentials for different grades of cocoa, to be
set by a formula, the delegates said.
After the plan was presented, working group delegates met
briefly in smaller groups of producers, EC consumers and all
consumers to look at the proposal. Producers gave no reaction
to the scheme and will respond to it when the working group
meets tomorrow at 1000 GMT, producer delegates said.
Consumer members accepted the proposal as a good base to
work from, one consumer delegate said.
Delegates said the proposal was only a starting point for
negotiations on buffer stock rules and subject to change.
|
training/6129
|
training/6129 |@title vtx:2 electronics:1 corp:1 4th:1 qtr:1 net:1 |@word shr:2 10:1 ct:4 vs:8 11:1 net:2 255:1 000:10 242:1 sale:2 7:1 166:1 6:1 486:1 avg:2 shrs:2 2:3 438:1 118:2 year:1 50:1 40:1 990:1 849:1 29:1 0:1 mln:2 22:1 8:1 1:1 972:1 note:1 share:1 adjust:1 five:1 four:1 stock:1 split:1 declare:1 today:1
|
VTX ELECTRONICS CORP <VTX> 4TH QTR NET
Shr 10 cts vs 11 cts
Net 255,000 vs 242,000
Sales 7,166,000 vs 6,486,000
Avg shrs 2,438,000 vs 2,118,000
Year
Shr 50 cts vs 40 cts
Net 990,000 vs 849,000
Sales 29.0 mln vs 22.8 mln
Avg shrs 1,972,000 vs 2,118,000
NOTE: Share adjusted for five-for-four stock split declared
today.
|
training/6130
|
training/6130 |@title mortgage:1 growth:1 investor:1 mtg:1 1st:1 qtr:1 feb:1 28:1 |@word shr:1 36:1 ct:4 vs:4 37:1 net:1 2:2 751:1 000:2 179:1 qtly:1 div:1 40:2 prior:1 avg:1 shrs:1 7:1 699:1 241:1 5:1 943:1 341:1 note:1 dividend:1 payable:1 april:1 10:1 shareholder:1 record:1 march:1 30:1
|
MORTGAGE GROWTH INVESTORS <MTG> 1ST QTR FEB 28
Shr 36 cts vs 37 cts
Net 2,751,000 vs 2,179,000
Qtly div 40 cts vs 40 cts prior
Avg shrs 7,699,241 vs 5,943,341
NOTE: Dividend payable April 10 to shareholders of record
March 30.
|
training/6134
|
training/6134 |@title shoney:1 inc:1 shon:1 1st:1 qtr:1 feb:1 15:1 net:1 |@word shr:1 31:1 ct:2 vs:4 27:1 net:1 11:1 4:2 mln:5 9:1 905:1 528:1 revs:1 194:1 3:1 171:1 7:1 avg:1 shrs:1 36:2 6:1 note:1 sixteen:1 week:1 period:1
|
SHONEY'S INC <SHON> 1ST QTR FEB 15 NET
Shr 31 cts vs 27 cts
Net 11.4 mln vs 9,905,528
Revs 194.3 mln vs 171.7 mln
Avg shrs 36.6 mln vs 36.4 mln
NOTE: Sixteen-week periods.
|
training/6135
|
training/6135 |@title fortune:1 saving:1 buy:1 financial:1 fssl:1 branch:1 |@word fortune:2 savings:1 bank:1 say:3 agree:1 buy:1 deposit:1 assume:1 leasehold:1 financial:2 security:1 saving:1 loan:1 association:1 fssl:1 branch:1 term:1 agreement:2 disclose:1 subject:1 regulatory:1 approval:1 also:1 transaction:1 approve:1 would:1 generate:1 profit:1 sale:1
|
FORTUNE SAVINGS TO BUY FINANCIAL <FSSL> BRANCH
<Fortune Savings Bank> said it
agreed to buy the deposits and assume the leasehold of a
Financial Security Savings and Loan Association <FSSL> branch
here.
Terms of the agreement were not disclosed.
Fortune said the agreement is subject to regulatory
approval. It also said that if the transaction is approved,
Financial would generate a profit on the sale.
|
training/6137
|
training/6137 |@title gulf:1 arab:1 minister:1 discuss:1 economic:1 cooperation:1 |@word finance:3 economy:2 minister:4 gulf:2 cooperation:1 council:1 gcc:4 open:2 two:1 day:1 meeting:3 discuss:2 economic:3 integration:1 official:2 say:4 issue:1 bahrain:3 kuwait:2 oman:2 qatar:2 saudi:3 arabia:3 united:1 arab:1 emirates:1 uae:3 would:1 include:1 recommendation:1 central:2 bank:2 governor:3 common:1 currency:6 exchange:1 rate:1 agree:1 january:1 denominator:2 base:1 six:2 state:3 decision:1 forward:1 final:1 approval:1 summit:1 due:1 late:1 year:2 different:1 system:1 link:4 theory:1 international:1 monetary:1 fund:1 basket:3 special:1 drawing:1 right:1 sdr:2 practice:1 dollar:3 formally:1 peg:1 dinar:1 trade:2 weight:2 devise:1 choose:1 disclose:1 banker:1 expect:1 ahme:1 al:1 tayer:1 industry:1 implementation:1 joint:2 agreement:1 increasingly:1 interest:1 citizen:1 together:1 general:1 assembly:1 investment:2 corporation:3 meet:1 abu:1 dhabi:1 earlier:1 chairmanship:1 national:1 ibrahim:1 abdul:1 karim:1 form:1 contribute:1 project:1 asset:1 rise:1 1:2 31:1 billion:2 last:1 04:1 end:1 1985:1
|
GULF ARAB MINISTERS DISCUSS ECONOMIC COOPERATION
Finance and economy ministers of the
Gulf Cooperation Council (GCC) opened a two- day meeting to
discuss further economic integration, officials said.
They said issues to be discussed by the ministers from
Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab
Emirates (UAE) would include a recommendation by central bank
governors on a common currency exchange rate.
The governors agreed in January on a denominator on which
to base currencies of the six states. Any decision will be
forwarded for final approval to a GCC summit meeting due in
Saudi Arabia late this year.
The six states have different currency systems. Saudi
Arabia, Bahrain, Qatar and the UAE are linked in theory to the
International Monetary Fund's basket of currencies -- the
special drawing right (SDR) -- but in practice to the dollar.
Oman links its currency formally to the dollar, while
Kuwait pegs its dinar to a trade-weighted basket devised by
itself.
The denominator chosen by central bank governors has not
been disclosed, but some bankers expect the currencies to be
linked to the SDR or a trade-weighted basket.
Opening the meeting, Ahmed al-Tayer, the UAE's Minister of
State for Finance and Industry, said implementation of joint
economic agreements 'is increasingly linking the interests of
GCC citizens together.'
The general assembly of the Gulf Investment Corporation met
in Abu Dhabi earlier under the chairmanship of Bahrain's
Finance and National Economy Minister, Ibrahim Abdul-Karim
The corporation was formed to contribute to joint economic
and investment projects in the GCC.
Officials said the corporation's assets rose to 1.31
billion dollars last year from 1.04 billion at the end of 1985.
|
training/6138
|
training/6138 |@title photographic:1 sciencies:1 corp:1 pscx:1 4th:1 qtr:1 loss:1 |@word oper:3 shr:2 loss:3 six:2 ct:4 vs:10 profit:6 four:1 net:4 165:1 000:13 83:1 sale:2 2:5 413:1 921:1 avg:2 shrs:2 908:1 770:1 203:1 462:1 year:5 ope:1 five:2 124:1 106:1 5:1 652:1 1:1 623:1 369:1 949:1 061:1 102:1 note:1 exclude:2 discontinue:1 operation:2 548:1 dlrs:4 14:1 quarter:1 696:1 21:1 1985:2 35:1 dlr:1 tax:1 credit:1 include:1 month:1 due:1 change:1 fiscal:1
|
PHOTOGRAPHIC SCIENCIES CORP <PSCX> 4TH QTR LOSS
Oper shr loss six cts vs profit four cts
Oper net loss 165,000 vs profit 83,000
Sales 2,413,000 vs 921,000
Avg shrs 2,908,770 vs 2,203,462
Year
Ope shr profit five cts vs profit five cts
Oper net profit 124,000 vs profit 106,000
Sales 5,652,000 vs 1,623,000
Avg shrs 2,369,949 vs 2,061,102
NOTE: Net excludes losses from discontinued operations of
548,000 dlrs vs 14,000 dlrs in quarter and 696,000 dlrs vs
21,000 dlrs in year.
1985 year net excludes 35,000 dlr tax credit.
1985 year includes only six months of operations due to
change in fiscal year.
|
training/6142
|
training/6142 |@title south:1 africa:1 crop:1 weather:1 summary:1 usda:1 noaa:1 |@word dry:3 weather:4 push:1 south:2 africa:1 orange:2 free:2 state:2 maize:1 triangle:1 week:1 end:1 march:1 14:1 joint:1 agricultural:1 facility:1 u:1 agriculture:1 commerce:1 department:1 say:4 summary:1 crop:1 bulletin:1 agency:2 scatter:1 shower:1 continue:1 throughout:2 transvaal:2 pocket:1 persist:1 northeast:1 temperature:1 average:1 one:1 four:1 degree:1 c:1 normal:2 grain:2 area:3 stress:1 filling:1 corn:1 receive:1 light:1 rainfall:2 february:1 near:1 early:1 period:1 hot:1 reduce:1 yield:1 prospect:1 part:1 northern:1 southern:1
|
SOUTH AFRICA CROP WEATHER SUMMARY -- USDA/NOAA
Dry weather pushed further into
South Africa's Orange Free State's Maize Triangle in the week
ended March 14, the Joint Agricultural Weather Facility of the
U.S. Agriculture and Commerce Departments said.
In a summary of its Weather and Crop Bulletin, the agency
said scattered showers continued throughout Transvaal, but dry
pockets persisted in the northeast and south.
Temperatures average one to four degrees C above normal
throughout all grain areas, stressing grain-filling corn in
areas receiving lightest rainfall, it said.
The agency said rainfall during February was near to above
normal in most areas, but earlier periods of hot, dry weather
reduced yield prospects in parts of the northern Transvaal and
southern Orange Free State.
|
training/6146
|
training/6146 |@title pueblo:1 international:1 inc:1 pii:1 4th:1 qtr:1 jan:1 31:1 |@word shr:2 56:1 ct:2 vs:12 46:1 net:4 2:1 005:1 000:13 1:5 685:1 sale:2 189:1 8:2 mln:4 156:1 0:1 avg:2 shrs:2 3:4 603:1 614:1 year:3 88:1 dlrs:7 77:1 6:2 774:1 587:1 692:1 596:1 604:1 713:1 note:1 include:2 tax:1 credit:1 250:1 162:1 quarter:1 610:1 288:1 thirteen:1 12:1 53:1 52:1 week:1 period:2 late:1 gain:1 418:1 first:2 nine:1 month:1 change:1 pension:1 accounting:1 result:1 three:1 restate:1
|
PUEBLO INTERNATIONAL INC <PII> 4TH QTR JAN 31
Shr 56 cts vs 46 cts
Net 2,005,000 vs 1,685,000
Sales 189.8 mln vs 156.0 mln
Avg shrs 3,603,000 vs 3,614,000
Year
Shr 1.88 dlrs vs 1.77 dlrs
Net 6,774,000 vs 6,587,000
Sales 692.1 mln vs 596.8 mln
Avg shrs 3,604,000 vs 3,713,000
NOTE: Net includes tax credits of 250,000 dlrs vs 162,000
dlrs in quarter and 610,000 dlrs vs 1,288,000 dlrs in year.
Thirteen vs 12 and 53 vs 52-week periods.
Latest year net includes gain 418,000 dlrs for first nine
months from change in pension accounting, for which results of
first three periods restated.
|
training/6147
|
training/6147 |@title hre:2 propertie:1 1st:1 qtr:1 jan:1 31:1 net:1 |@word shr:1 38:1 ct:2 vs:4 47:1 net:2 2:2 253:1 664:1 806:1 820:1 gross:1 income:1 5:2 173:1 318:1 873:1 904:1 note:1 include:1 gain:1 sale:1 real:1 estate:1 126:1 117:1 dlrs:2 29:1 812:1
|
HRE PROPERTIES <HRE> 1ST QTR JAN 31 NET
Shr 38 cts vs 47 cts
Net 2,253,664 vs 2,806,820
Gross income 5,173,318 vs 5,873,904
NOTE: Net includes gains on sale of real estate of 126,117
dlrs vs 29,812 dlrs.
|
training/6149
|
training/6149 |@title photographic:1 sciences:1 corp:1 pscx:1 4th:1 qtr:1 |@word shr:2 loss:4 25:1 ct:4 vs:6 profit:4 three:1 net:2 713:1 000:6 69:1 rev:2 2:1 4:1 mln:3 921:1 six:4 month:3 24:1 572:1 120:1 5:1 7:1 1:1 6:1 note:1 effect:1 change:1 fiscal:1 calendar:1 year:1 company:1 report:1 result:1 period:1 end:1 december:1 31:1 1985:2 include:1 one:1 time:1 gain:1 35:1 dlrs:1
|
PHOTOGRAPHIC SCIENCES CORP <PSCX> 4TH QTR
Shr loss 25 cts vs profit three cts
Net loss 713,000 vs profit 69,000
Revs 2.4 mln vs 921,000
Six months
Shr loss 24 cts vs profit six cts
Net loss 572,000 vs profit 120,000
Revs 5.7 mln vs 1.6 mln
NOTE:To effect change from fiscal to calendar year, company
reported results for six months period ended December 31, 1985.
1985 six months includes one time gain of 35,000 dlrs.
|
training/6153
|
training/6153 |@title world:1 crop:1 weather:1 summary:1 usda:1 noaa:1 |@word dry:5 weather:6 cover:3 european:1 crop:4 area:5 week:3 end:2 march:2 14:1 except:1 southwestern:1 france:2 southern:4 italy:2 greece:2 joint:1 agricultural:1 facility:1 u:1 agriculture:1 commerce:1 department:1 say:10 international:1 sumary:1 agency:3 mixed:1 rain:3 snow:1 winter:6 grains:1 england:1 northern:5 remain:1 dormant:1 grain:5 usuaually:1 break:2 dormancy:2 eastern:2 europe:1 usually:2 early:1 april:2 shower:5 improve:2 irrigation:2 supply:2 wheat:2 pakistan:1 india:3 normally:1 harvesting:1 well:1 underwaty:1 central:3 beginnne:1 north:1 late:1 reverse:1 february:3 normal:1 trend:2 summer:1 rice:1 near:1 reproduction:1 philippines:1 rainfall:2 restrict:1 island:2 continue:1 luzon:1 mindanao:1 locally:2 heavy:2 dot:1 indonesia:1 malaysia:1 generally:1 decrease:1 eastward:1 may:1 cause:1 flooding:1 java:1 second:1 cnsecutive:1 stress:1 moroccan:1 approach:1 teh:1 head:1 stage:1 light:2 moderate:1 spread:1 thailand:1 vietnam:1 prevail:1 elsewhere:1 southeast:1 asia:1 western:1 algeria:2 soil:1 moisture:2 likely:1 adequate:2 meet:1 demand:1 tunisia:1 maintain:1 growth:1 timely:1 need:1 next:1 several:1 advance:1 critical:1 reproductive:1 phase:1
|
WORLD CROP WEATHER SUMMARY -- USDA/NOAA
Dry weather covered most European
crop areas in the week ended March 14, except for those in
southwestern France, southern Italy, and Greece, the Joint
Agricultural Weather Facility of the U.S. Agriculture and
Commerce Departments said.
In its International Weather and Crop sumary, the agency
said mixed rain and snow covered Greece.
Winter grains in England, France, and northern Italy
remained dormant. Grains usuaually break dormancy in March.
Winter grains in Eastern Europe usually break dormancy in
early April, it said.
Showers improved irrigation supplies in winter wheat areas
of northern Pakistan and northern India, it said.
Normally, wheat harvesting is well underwaty in central
India and just beginnning to the north, ending in most areas by
late April.
Showers improved irrigation supplies in southern India,
reversing February's below-normal trend.
Summer rice is usually in or nearing reproduction in most
southern areas, it said.
In the Philippines, most rainfall was restricted to the
central islands, continuing February's drying trend in Luzon
and southern Mindanao.
Locally heavy showers dotted Indonesia and Malaysia as
rainfall generally decreased eastward through the islands.
In February locally heavy showers may have caused flooding
in Java, it said.
The second cnsecutive week of dry weather stressed Moroccan
winter grains, approaching teh heading stage, the agency said.
Light to moderate rain spread from northern Thailand to
Northern Vietnam as dry weather prevailed elsewhere in
Southeast Asia.
Dry weather covered winter grain areas in western and
central Algeria, but soil moisture was likely adequate to meet
crop demands, it said.
Light showers in eastern Algeria and Tunisia maintained
adequate moisture for crop growth, it said.
Timely rains will be needed in the next several weeks as
winter grains advance through the critical reproductive phase,
the agency said.
|
training/6154
|
training/6154 |@title federal:1 paper:1 board:1 co:1 fbt:1 set:1 payout:1 |@word qtly:1 div:1 17:2 1:2 4:2 ct:2 vs:1 prior:1 pay:1 april:1 15:1 record:1 march:1 31:1
|
FEDERAL PAPER BOARD CO <FBT> SETS PAYOUT
Qtly div 17-1/4 cts vs 17-1/4 cts prior
Pay April 15
Record March 31
|
training/6155
|
training/6155 |@title shoney:1 inc:1 shon:1 set:1 payout:1 |@word qtly:1 div:1 four:2 ct:2 vs:1 prior:1 pay:1 april:2 22:1 record:1 three:1
|
SHONEY'S INC <SHON> SETS PAYOUT
Qtly div four cts vs four cts prior
Pay April 22
Record April Three
|
training/6156
|
training/6156 |@title analyst:1 say:1 u:1 k:1 budget:1 point:1 base:1 rate:1 cut:1 |@word chancellor:2 exchequer:1 nigel:1 lawson:5 budget:10 speech:3 describe:1 sound:2 well:2 balance:1 analyst:5 slightly:1 lack:1 excitement:1 cut:8 bank:2 base:3 lending:1 rate:8 widely:2 expect:2 tomorrow:3 forecast:6 predict:1 half:4 point:5 fall:3 follow:1 anticipate:1 next:1 week:1 worthy:1 boring:1 would:5 probably:1 sum:1 peter:1 fellner:4 u:2 k:2 economist:2 stockbrokers:1 james:2 capel:2 co:1 say:18 prudent:2 fiscal:4 richard:3 jeffrey:6 brokers:1 hoare:1 govett:1 balanced:1 within:1 confine:1 government:1 philosophy:1 keep:4 expenditure:1 level:1 flat:1 side:1 offer:1 nothing:1 new:1 monetary:3 policy:3 split:1 adjustment:1 trim:1 1987:3 88:1 psbr:3 target:5 4:4 0:4 billion:5 stg:4 7:1 1:2 basic:1 income:2 tax:2 29:1 27:1 pct:3 narrow:1 measure:1 money:1 supply:1 m0:1 unchangd:1 two:1 six:1 broad:1 sterling:2 m3:1 aggregate:1 drop:1 clear:2 way:1 authority:2 unlikely:2 sanction:1 large:1 immediately:2 many:1 currency:1 dealer:1 full:1 one:1 england:1 loathe:1 take:1 action:1 reverse:1 later:1 though:1 add:1 quite:1 possible:2 near:1 future:1 main:1 worry:1 today:1 outlook:1 inflation:5 give:3 sign:2 relaxed:1 contain:1 scrimgeour:1 vickers:1 holt:2 note:4 rather:1 loose:1 end:1 low:2 interest:3 likely:3 result:2 tough:1 stance:1 could:2 cause:1 long:2 term:3 concern:1 high:1 preferable:1 although:1 mortgage:1 back:1 offsetting:1 impact:1 inspire:1 lot:1 short:1 confidence:1 good:1 like:1 danger:1 excessive:2 liquidity:1 build:1 overall:1 concerned:1 revival:1 exchange:1 remain:1 leading:1 edge:1 extremely:1 cautious:1 front:1 hesitate:1 hold:2 steady:1 even:1 raise:3 show:1 weakness:1 agree:1 bolster:1 credibility:2 adopt:1 realistic:1 current:1 account:1 deficit:1 5:2 2:1 unsettle:1 market:1 already:1 discount:1 amount:1 favourable:1 outturn:1 1986:1 87:1 also:1 indication:1 timing:1 general:1 election:5 june:3 1988:1 believe:1 signal:1 poll:1 benefit:1 decision:1 duty:1 alcohol:1 tobacco:1 become:1 available:1 several:1 option:1 open:2 deduce:1 much:1 fiscally:1 possibility:1 autumn:1 chicken:1 come:1 home:1 roost:1 favour:1 likelihood:1 important:1 go:1 aim:1 overtly:1 buy:1 victory:1 nevertheless:1 boost:1 conservative:1 party:1 pre:1 popularity:1
|
ANALYSTS SAY U.K. BUDGET POINTS TO BASE RATE CUTS
Chancellor of the Exchequer Nigel
Lawson's Budget speech was described as sound and well balanced
by analysts, if slightly lacking in excitement.
A cut in bank base lending rates is now widely expected
tomorrow, with most forecasts predicting a half-point fall. A
follow-up half-point cut is anticipated next week.
'Worthy but boring would probably sum it up,' Peter Fellner,
U.K. Economist at stockbrokers James Capel and Co, said. 'It was
a very, very prudent fiscal budget.'
Richard Jeffrey of brokers Hoare Govett said it was a
well-balanced budget within the confines of the government's
philosophy of keeping expenditure levels flat.
Most analysts said the Budget was very sound on the fiscal
side, but offered nothing new on monetary policy.
As was widely expected, Lawson split his 'fiscal adjustment'
between trimming the 1987/88 PSBR target to 4.0 billion stg
from 7.1 billion and cutting basic rate income tax from 29 to
27 pct.
The target for the narrow measure of money supply, M0, was
kept unchangd at two to six pct, while the target for the broad
Sterling M3 aggregate was dropped.
Both Jeffrey and Fellner said the budget clears the way for
a half-point fall in U.K. Base rates tomorrow, but the
authorities are unlikely to sanction a larger cut immediately.
Many analysts and currency dealers have forecast a full
one-point cut tomorrow.
'The Bank of England will be loathe to take any action which
it will have to reverse later,' Jeffrey said, though he added a
further half-point cut was quite possible in the near future.
The main worry from today's speech is the outlook for
inflation, given the signs of relaxed monetary policy contained
in it, Scrimgeour Vickers economist Richard Holt said.
Holt noted the 'rather loose' inflation forecast of 4.0 pct
at end-1987, and said the lower interest rates likely to result
from the tough fiscal stance could cause longer term concern.
'A higher PSBR target could be preferable in the long term,'
he said, although lower mortgage interest rates on the back of
falling base rates would have an offsetting impact on
inflation.
The Budget will inspire a lot of short-term confidence but
it was 'not a good budget for inflation,' he said
Jeffrey said he would have liked Lawson to say more about
the dangers of excessive liquidity build-up but overall was not
too concerned about a revival of inflation.
Fellner noted that the exchange rate was to remain the
'leading edge' of monetary policy, but said the authorities were
likely to be extremely cautious on this front.
He said they were unlikely to hesitate in holding interest
rates steady or even raising them again if sterling showed any
signs of excessive weakness.
Most analysts agreed Lawson had bolstered the credibility
of the Budget by adopting realistic forecasts.
Raising the forecast for the current account deficit from
1.5 to 2.5 billion stg for 1987 would not unsettle the markets,
which are already discounting that amount, Jeffrey said.
that the 4.0 billion stg PSBR target was given credibility by
the favourable outturn for 1986/87, which is now also forecast
to be 4.0 billion stg.
But analysts said the Budget speech did not give any
clear-cut indication about the timing of the general election,
which has to be held before June, 1988.
Some believe it signals a poll this June, noting that the
benefits, such as income tax cuts and the decision not to raise
duties on alcohol and tobacco, become available immediately.
But others said it kept several options open and it was not
possible to deduce too much from it.
James Capel's Fellner noted that by being fiscally prudent,
Lawson had kept open the possibility of an autumn election in
that there would be no 'chickens coming home to roost.'
Richard Jeffrey, who favours the likelihood of a June
election, said it was important the Chancellor had not gone for
a Budget aimed overtly at buying an election victory.
Nevertheless, he said, it was likely to result in a boost
to the Conservative Party's pre-election popularity.
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training/6157
|
training/6157 |@title taft:1 tfb:1 stock:1 rise:1 proposal:1 |@word taft:11 broadcasting:1 co:3 stock:4 rise:2 almost:2 three:1 point:1 today:1 vice:2 chairman:3 investment:4 group:4 propose:1 sweeten:1 takeover:3 offer:2 company:12 however:1 several:1 arbitrager:6 say:13 would:9 shy:1 away:1 current:2 price:3 level:3 since:2 unclear:1 high:3 bidding:2 go:3 whether:1 agree:1 many:1 uncertainty:1 one:3 2:2 7:1 8:1 155:1 3:1 4:1 dudley:1 narragansett:1 capital:1 inc:1 send:1 letter:1 board:2 state:1 commit:1 pursue:1 acquisition:1 broadcast:3 prepare:1 negotiate:1 transaction:2 excess:1 150:1 dlrs:4 per:6 share:6 respond:1 proposal:1 submit:1 director:1 decision:1 yet:1 make:3 sale:1 someone:1 bet:1 170:2 risky:1 buy:1 unless:1 accept:1 dlr:3 range:1 arbitrage:1 chancy:1 take:2 long:1 time:1 complete:1 regulatory:1 approval:1 necessary:1 properite:1 earlier:1 reject:2 145:1 1:1 35:1 billion:1 bid:4 inadequate:1 base:2 advice:1 goldman:1 sachs:1 financial:2 adviser:1 consider:2 alternative:1 restructure:1 speculate:5 war:1 may:6 erupt:1 two:2 large:2 shareholder:2 lead:1 robert:1 bass:2 carl:1 lindner:5 american:1 corp:1 hold:2 25:1 pct:3 16:1 family:1 found:1 50:1 year:1 ago:1 12:1 last:1 week:1 tell:1 securities:1 exchange:1 commission:1 interested:3 could:1 see:1 thing:2 get:1 really:2 crazy:1 175:1 probably:1 even:1 160:2 another:1 investor:1 run:1 unavailable:1 comment:1 dennis:1 mcalpine:1 analyst:1 oppenheimer:1 leverage:1 buyout:1 ideally:1 break:1 satisfy:1 interest:1 involve:1 add:1 piece:1 calculate:1 140:1 estimate:1 wall:1 street:1 latter:1 optimistic:1 expectation:1 industry:1
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TAFT <TFB> STOCK RISES ON PROPOSAL
Taft Broadcasting Co stock rose almost
three points today as its vice chairman and an investment group
proposed to sweeten a takeover offer for the company.
However, several arbitragers said they would shy away from
the stock at its current price levels since it is unclear how
high bidding for the company would go and whether the company
would agree to a takeover.
'There are too many uncertainties,' said one arbitrager.
Taft stock rose 2-7/8 to 155-3/4.
Dudley Taft, Taft vice chairman, and Narragansett Capital
Inc said they sent a letter to the Taft board, stating they
were committed to pursuing acquisition of the broadcast company
and were prepared to negotiate a transaction in excess of 150
dlrs per share.
The company responded that the proposal would be submitted
to the board of directors, but that no decisions have yet been
made on a sale of the company.
'Someone's betting this company will go for 170 (dlrs per
share),' said one arbitrager.
Arbitragers said the stock is a risky buy at current
levels, unless an offer was accepted in the 170 dlr per share
range. They said to make an arbitrage investment at this level
would be chancy since it will take a long time for any
transaction to be completed because of regulatory approvals
necessary for the broadcast properites.
Taft earlier rejected a 145 dlr per share or 1.35 billion
dlr bid from the investment group. The company said it rejected
the bid as inadequate based on advice of Goldman, Sachs and Co,
its financial adviser. It said it would consider alternatives
such as restructuring.
Arbitragers speculated a bidding war may erupt for Taft,
which has two large shareholders in an investment group led by
Robert Bass and Carl Lindner, chairman of American Financial
Corp. The Bass group holds 25 pct of Taft and Lindner holds
16.2 pct. The Taft family, which founded the company almost 50
years ago, has about 12 pct.
Lindner last week told the Securities and Exchange
Commission he may be interested in making a bid for Taft.
'I could see if things got really crazy that it might go
for 175 (dlrs per share),' said one arbitrager, but he
speculated it probably would not even be taken over for more
than a price in the 160s.
Another speculated that Lindner might bid, but he
speculated the investor would not really be interested in
running the company. Lindner was unavailable for comment.
Dennis McAlpine, an analyst with Oppenheimer and Co, said
he had speculated the company might be considering a leveraged
buyout.
'Ideally, you'd have to break this thing up to satisfy all
the interests involved,' he said, adding the two largest
shareholders might be interested in pieces of Taft.
He said the highest takeover price he calculated for the
company has been about 140 dlrs per share, but that the highest
estimates on Wall Street have been about 160. He said the
latter would be based on more optimistic expectations for the
broadcast industry.
|
training/6158
|
training/6158 |@title bank:1 france:1 see:1 continued:1 industrial:1 pickup:1 |@word bank:3 france:3 expect:1 continue:1 revival:1 short:1 term:1 industrial:2 activity:4 outlook:1 improvement:1 record:1 10:1 9:1 pct:1 unemployment:1 rate:1 remain:1 bleak:1 say:2 monthly:1 review:1 upturn:2 sector:6 except:2 agro:2 food:2 february:2 compensate:1 fall:2 january:1 construction:3 civil:1 engineering:1 experience:1 recovery:1 appear:1 likely:1 extend:1 next:1 month:3 internal:1 demand:1 rise:5 export:2 situation:1 improve:2 particular:1 toward:1 european:1 community:1 ec:1 stock:1 decrease:1 order:2 book:1 level:1 exception:1 industry:2 substantially:1 addition:1 retail:2 price:1 salary:1 stabilise:2 last:1 production:1 agricultural:1 machinery:1 aeronautic:1 ship:1 decline:2 car:1 major:1 beneficiary:1 domestic:1 consumer:1 good:2 actitity:1 sharply:2 despite:1 household:1 stability:1 pharmaceutical:1 among:1 semi:1 finished:1 product:1 output:1 help:1 strong:1 growth:1 material:1 slightly:1 past:1 two:1
|
BANK OF FRANCE SEES CONTINUED INDUSTRIAL PICKUP
The Bank of France expects a continued
revival in short-term industrial activity, but the outlook for
any improvement in France's record 10.9 pct unemployment rate
remains bleak, the Bank of France said in its monthly review.
The upturn in activity in all industrial sectors except the
agro-food sector in February more than compensated for the fall
in January, while construction and civil engineering
experienced a recovery which appears likely to extend over the
next few months.
Internal demand rose and the export situation improved, in
particular toward the European Community (EC), the Bank said.
Stocks decreases and order book levels, with the exception
of the agro-food industry, improved substantially.
In addition, retail prices and salaries stabilised last
months.
Production rose in all sectors except agricultural
machinery and aeronautics, where it stabilised, and ship
construction, where it declined.
The car industry was the major beneficiary of the upturn in
activity in February, with both domestic and export orders
rising.
In the consumer goods sector, actitity rose sharply despite
a fall in the household goods sector and stability in
pharmaceuticals.
Among semi-finished products, output rose sharply, helped
by a strong growth in construction materials.
But activity in the retail sector declined slightly over
the past two months.
|
training/6159
|
training/6159 |@title herrington:2 say:2 may:2 recommend:2 tax:2 benefit:2 u:2 oil:2 industry:2 |@word
|
HERRINGTON SAYS HE MAY RECOMMEND TAX BENEFITS FOR U.S. OIL INDUSTRY
HERRINGTON SAYS HE MAY RECOMMEND TAX BENEFITS FOR U.S. OIL INDUSTRY
|
training/6163
|
training/6163 |@title herrington:1 say:1 may:1 call:1 oil:1 tax:1 benefit:1 |@word energy:2 secretary:1 john:1 herrington:4 say:6 may:4 recommend:2 white:3 house:3 domestic:1 oil:10 industry:2 give:1 tax:5 benefit:3 help:1 produce:2 head:1 increase:4 u:3 dependence:1 foreign:2 also:1 news:1 conference:1 would:3 fill:3 rate:4 strategic:1 petroleum:2 reserve:3 plan:1 35:1 000:2 barrel:3 per:1 day:3 capacity:1 100:1 always:1 advocate:2 great:1 keep:1 budgetary:1 constraint:1 disclose:2 incentive:1 official:1 show:1 interest:1 gas:2 exploration:1 research:1 development:1 new:1 way:1 extract:1 consider:1 uneconomical:1 make:3 remark:1 conjunction:1 release:1 department:1 study:1 impact:1 national:2 security:2 recommendation:1 raise:1 matter:1 economic:2 policy:2 committee:1 see:1 proposal:1 production:2 good:1 like:1 one:1 mln:1 report:1 end:1 century:1 united:1 states:1 rely:1 source:1 50:1 pct:1 consumption:1 pose:1 serious:1 threat:1
|
HERRINGTON SAYS HE MAY CALL FOR OIL TAX BENEFITS
Energy Secretary John Herrington
said he may recommend to the White House that the domestic oil
industry be given tax benefits to help it produce more oil and
head off increasing U.S. dependence on foreign oil.
He said also at a news conference that he would recommend
to the White House that the fill rate of the Strategic
Petroleum Reserve be increased from its planned 35,000 barrels
per day.
The oil reserve fill rate capacity is 100,000 barrels a
day.
Herrington said he had always advocated a greater fill rate
for the petroleum reserve, but the rate had been kept down
because of budgetary constraints.
Herrington did not disclose what tax incentives he might
advocate, but U.S. officials have shown interest in tax
benefits for oil and gas exploration and for research and
development into new ways to extract oil which is now
considered uneconomical to produce.
He made the remarks in conjunction with the release of the
Energy Department's study on oil's impact on national security.
Herrington said that before he disclosed what
recommendations for tax benefits for the oil and gas industry
he might make, he would raise the matter with the White House
Economic Policy Committee to see if the proposals to increase
oil production made good tax policy.
He said he would like to increase U.S. production by one
mln barrels a day.
The report said that by the end of the century the United
States may be relying on foreign sources for 50 pct of its oil
consumption, posing a serious economic and national security
threat.
|
training/6165
|
training/6165 |@title consolidated:1 stores:1 corp:1 cns:1 4th:1 qtr:1 jan:1 31:1 net:1 |@word shr:2 17:1 ct:4 vs:8 13:1 net:3 7:1 602:1 000:3 4:2 879:1 sale:2 141:1 5:2 mln:10 71:1 3:1 avg:2 shrs:2 45:2 0:2 42:1 2:4 year:2 32:1 19:1 12:1 397:1 181:1 1:1 43:1 38:1 note:1 prior:1 include:1 600:1 dlr:1 tax:1 credit:1 share:1 adjust:1 two:1 one:1 stock:1 split:1 june:1 1986:1
|
CONSOLIDATED STORES CORP <CNS> 4TH QTR JAN 31 NET
Shr 17 cts vs 13 cts
Net 7,602,000 vs 4,879,000
Sales 141.5 mln vs 71.3 mln
Avg shrs 45.0 mln vs 42.2 mln
Year
Shr 45 cts vs 32 cts
Net 19.5 mln vs 12.0 mln
Sales 397.2 mln vs 181.1 mln
Avg shrs 43.4 mln vs 38.2 mln
NOTE: Prior year net includes 2,600,000 dlr tax credit.
Share adjusted for two-for-one stock split in June 1986.
|
training/6166
|
training/6166 |@title wainco:1 oil:1 wol:1 complete:1 wildcat:1 well:1 |@word wainco:1 oil:1 corp:1 say:3 complete:1 wildcat:1 well:2 grandmarais:1 prspect:1 jefferson:1 davis:1 parish:1 la:1 currently:1 produce:1 rate:1 1:2 mln:1 cubic:1 foot:2 gas:1 40:1 barrel:1 condensate:1 daily:1 company:2 20:1 pct:1 work:1 interest:1 flow:1 low:1 frion:1 tweedel:1 sand:1 perforation:1 10:2 104:1 110:1 additional:1 untested:1 possibly:1 productive:1 zone:1 exist:1 behind:1 pipe:1 add:1 remain:1 owner:1 privately:1 hold:1 petroleum:1
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WAINCO OIL <WOL> COMPLETES WILDCAT WELL
Wainco Oil Corp said it has completed a
wildcat well on its GrandMarais prspect in Jefferson Davis
Parish, La., which is currently producing at a rate of 1.1 mln
cubic feet of gas and 40 barrels of condensate daily.
The company said it has a 20 pct working interest in the
well which is flowing from Lower Frion Tweedel Sand
perforations between 10,104 and 10,110 feet. Additional
untested but possibly productive zones exist behind the pipe,
it added. It said the remaining owners are privately held
petroleum companies.
|
training/6169
|
training/6169 |@title u:1 warn:1 dependence:1 foreign:1 oil:1 |@word white:1 house:1 order:2 report:6 say:4 grow:1 u:4 reliance:3 foreign:5 oil:11 year:3 2000:1 could:2 potentially:1 damaging:1 implication:1 national:2 security:2 energy:3 department:1 study:3 discuss:1 several:2 option:2 curb:2 make:3 recommendation:1 president:2 reagan:3 congressman:1 previously:1 rule:1 tax:2 way:1 import:5 help:2 depressed:1 domestic:2 industry:2 secretary:1 john:1 herrington:1 statement:1 although:1 gain:1 last:3 six:1 show:1 justification:1 concern:1 decline:1 competitiveness:1 gas:1 rise:2 33:1 pct:2 consumption:1 mid:1 1990:1 50:1 among:1 ease:1 already:1 advocate:1 administration:1 september:1 cite:1 determination:1 country:1 never:1 become:1 captive:1 cartel:1 refer:1 opec:1 lead:1 shortage:1 sharp:1 price:2 increase:1 1970:1 fee:1 would:2 raise:1 economical:1 firm:1 find:1 produce:1 new:2 well:1 cut:1 whole:1 depress:1 nation:1 economy:1 outline:1 york:1 times:1 today:1
|
U.S. WARNS OF DEPENDENCE ON FOREIGN OIL
A White House-ordered report said
that growing U.S. reliance on foreign oil into the year 2000
could have potentially damaging implications for national
security.
The Energy Department study discusses several options to
curb reliance on foreign oil, but makes no recommendations.
President Reagan and most Congressmen have previously ruled
out a tax on foreign oil as a way to curb imports and to help
the depressed domestic oil industry.
Energy Secretary John Herrington said in a statement that
'although we have made gains in energy security in the last six
years, this report shows that there is justification for
national concern both over declining competitiveness of our
domestic oil and gas industry and over rising oil imports.'
The report said imports last year were 33 pct of U.S.
consumption and by the mid-1990s could rise to 50 pct.
Among the report's options to ease U.S. reliance on foreign
oil are several already advocated by the Reagan Administration.
President Reagan ordered the study last September, citing a
determination that the country never again become captive to a
foreign oil cartel, referring to the OPEC-led oil shortages and
sharp prices increases of the 1970s.
The report said an import fee would raise prices and help
make it economical for U.S. oil firms to find and produce new
oil, as well as to cut imports, but on the whole the tax would
depress the nation's economy.
The study was outlined in a New York Times report today.
|
training/6172
|
training/6172 |@title hospital:1 staffing:1 services:1 inc:1 hssi:1 1st:1 qtr:1 |@word feb:1 28:1 oper:2 shr:1 six:1 ct:2 vs:3 two:1 net:2 189:1 683:1 47:1 499:1 revs:1 2:2 874:1 930:1 594:1 574:1 note:1 prior:1 year:1 exclude:1 33:1 000:1 dlr:1 tax:1 credit:1
|
HOSPITAL STAFFING SERVICES INC <HSSI> 1ST QTR
Feb 28
Oper shr six cts vs two cts
Oper net 189,683 vs 47,499
Revs 2,874,930 vs 2,594,574
NOTE: Prior year net excludes 33,000 dlr tax credit.
|
training/6173
|
training/6173 |@title viatech:1 inc:1 vtk:1 year:1 net:1 |@word shr:1 1:2 53:1 dlrs:1 vs:3 18:1 ct:1 net:1 841:1 893:1 95:1 477:1 rev:1 50:1 3:1 mln:2 35:1
|
VIATECH INC <VTK> YEAR NET
Shr 1.53 dlrs vs 18 cts
Net 841,893 vs 95,477
Revs 50.3 mln vs 35.1 mln
|
training/6175
|
training/6175 |@title interactive:1 technologies:1 inc:1 itxi:1 1st:1 qtr:1 net:1 |@word shr:1 nine:1 ct:2 vs:4 eight:1 net:1 373:1 000:6 269:1 sale:1 3:2 501:1 2:1 507:1 avg:1 shrs:1 4:1 036:1 326:1 note:1 period:1 end:1 january:1 31:1 1987:1 1986:1 respectively:1
|
INTERACTIVE TECHNOLOGIES INC <ITXI> 1ST QTR NET
Shr nine cts vs eight cts
Net 373,000 vs 269,000
Sales 3,501,000 vs 2,507,000
Avg shrs 4,036,000 vs 3,326,000
NOTE: Periods end January 31, 1987 and 1986, respectively.
|
training/6176
|
training/6176 |@title u:2 fhl:2 bank:2 set:2 6:2 70:2 pct:6 7:4 10:2 65:2 rate:2 2:2 55:2 billion:2 dlr:2 offer:2 |@word
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U.S. FHL BANKS SETS 6.70 PCT, 7.10 PCT, 7.65 PCT RATES ON 2.55 BILLION DLR OFFER
U.S. FHL BANKS SETS 6.70 PCT, 7.10 PCT, 7.65 PCT RATES ON 2.55 BILLION DLR OFFER
|
training/6177
|
training/6177 |@title opec:2 want:1 18:1 dlr:1 oil:1 price:1 oapec:1 official:1 |@word believe:2 world:4 oil:6 price:6 set:1 around:2 fix:2 average:2 18:5 dlrs:3 barrel:4 oapec:2 assistant:1 general:2 secretary:2 abdelaziz:1 al:9 wattari:7 say:9 today:1 speech:1 european:1 community:1 ec:1 opec:14 seminar:2 luxembourg:1 release:1 energy:1 trade:1 keep:1 without:1 restriction:1 build:1 warn:2 defense:1 dlr:2 level:3 cause:1 hardship:2 country:4 force:1 curtail:2 production:2 cutback:4 states:2 could:1 sustain:2 case:2 stabilize:1 consider:1 optimal:2 member:2 undergo:1 severe:1 certain:1 well:1 financial:1 marketing:1 pressure:2 state:2 depend:1 associated:1 gas:2 output:2 domestic:1 use:1 leave:1 insufficient:2 supply:2 add:6 note:1 total:1 organization:1 agree:1 ceiling:1 february:1 although:2 mean:2 sacrifice:2 effect:1 market:3 stability:2 though:1 restore:1 good:1 still:2 last:1 require:1 wide:1 scope:1 international:1 cooperation:3 non:2 produce:1 show:1 political:1 willingness:1 1986:1 cooperate:1 announce:1 politically:1 significant:1 welcome:1 term:1 volume:1 overall:1 majority:1 producer:1 respond:1 sufficiently:1 call:1 regulation:1 allow:1 investment:1 industry:1 outside:2 continue:1 generate:1 excessive:1 cash:1 flow:1 otherwise:1 unviable:1 high:1 cost:1 area:1 would:2 longer:1 encourage:1 protectionist:1 measure:1 fadhil:1 chalabi:2 deputy:1 also:1 address:1 discipline:1 need:1 prevent:1 violent:1 fluctuation:1 arab:2 europe:1 advantageous:1 side:1 hope:1 ultimately:1 lead:1 full:1 fledged:1 euro:1 dialogue:1
|
OPEC WANTS 18 DLR OIL PRICE - OAPEC OFFICIAL
OPEC believes world oil prices should
be set around a fixed average price of 18 dlrs a barrel, OAPEC
Assistant General Secretary Abdelaziz Al-Wattari said today.
In a speech to a European Community (EC)/OAPEC/OPEC seminar
in Luxembourg released here, Al-Wattari said: 'OPEC believes
...The world energy trade should be kept without restrictions
and should be built around a fixed average price of 18 dlrs.'
But he warned that defense of the 18 dlr a barrel level had
caused hardship for OPEC countries, who had been forced to
curtail production, and he warned that such cutbacks by OPEC
states could not be sustained in some cases.
'For OPEC to stabilize the world oil price at what is now
considered the optimal level of 18 dlrs a barrel, its member
countries have had to undergo severe hardship in curtailing
production,' Al-Wattari said.
'Such cutbacks ... Cannot, in certain cases, be sustained,'
Al-Wattari said. As well as financial and marketing pressures,
some states depended on associated gas output for domestic use
and oil cutbacks had left insufficient gas supplies, he added.
Al-Wattari noted that total OPEC output was below the
organization's agreed ceiling for all member countries in
February, although this had meant sacrifices.
The effect of these sacrifices meant that market stability,
though restored to a good level, was still under pressure,
Al-Wattari said. 'A lasting stability in the world market
requires a wider scope of international cooperation,' he added.
He said some non-OPEC oil producing countries had shown a
political willingness after 1986 to cooperate with OPEC.
But although cutbacks announced by these states were
politically significant and welcomed by OPEC, they were
insufficient in terms of volume, he added. 'The overall majority
of non-OPEC producers have not responded sufficiently to OPEC's
calls for supply regulation,' he said.
Al-Wattari said an 18 dlr a barrel price was optimal as it
allowed investment in the oil industry outside OPEC to
continue, while not generating excessive cash flow for
otherwise unviable high-cost areas outside OPEC. Such a price
would no longer encourage protectionist measures, he added.
Fadhil Al-Chalabi, OPEC Deputy Secretary General, also
addressing the seminar, added that discipline was still needed
to prevent violent fluctuations in the oil market.
Cooperation between Arab states and Europe was advantageous
for both sides, Al-Chalabi said, adding he hoped cooperation
would ultimately lead to full-fledged Euro-Arab dialogue.
|
training/6178
|
training/6178 |@title u:1 fhl:1 bank:1 set:1 rate:1 debt:1 offering:1 |@word office:2 finance:1 federal:1 home:1 loan:1 bank:1 say:3 set:1 rate:1 today:2 debt:1 offering:1 6:1 70:1 pct:3 1:2 11:1 billion:2 dlr:3 issue:4 7:2 10:1 065:1 65:1 375:1 mln:1 settlement:1 march:4 25:3 mature:1 26:1 1990:1 1992:1 1997:1 respectively:1 telephone:1 confirmation:1 allotment:1 must:1 receive:1 1500:1 hrs:2 est:2 secondary:1 trading:1 begin:1 0930:1 tomorrow:1
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U.S. FHL BANKS SETS RATES ON DEBT OFFERING
The Office of Finance, Federal Home
Loan Banks, said it set rates on today's debt offering of 6.70
pct on its 1.11 billion dlr issue, 7.10 pct on a 1.065 billion
dlr issue and 7.65 pct on a 375 mln dlr issue.
It said the issues, which are for settlement March 25,
mature March 26, 1990, March 25, 1992 and March 25, 1997,
respectively.
The office said telephone confirmation of allotments must
be received by 1500 hrs EST today and that secondary trading
will begin at 0930 hrs EST tomorrow.
|
training/6179
|
training/6179 |@title santa:1 anita:1 cos:1 sar:1 4th:1 qtr:1 net:1 |@word oper:4 shr:2 45:1 ct:2 vs:7 63:1 net:2 3:1 805:1 000:8 5:1 155:1 revs:2 12:2 0:1 mln:5 10:1 6:2 year:3 1:2 58:1 dlrs:7 2:2 07:1 991:1 15:1 692:1 69:1 8:2 71:1 7:2 avg:1 shrs:1 265:1 541:1 598:1 522:1 note:1 current:1 qtr:2 figure:2 exclude:2 loss:2 discontinue:2 operation:2 761:1 875:1 respectively:2 disposition:1 gain:2 period:1 prior:1 31:1
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SANTA ANITA COS <SAR> 4TH QTR NET
Oper shr 45 cts vs 63 cts
Oper net 3,805,000 vs 5,155,000
Revs 12.0 mln vs 10.6 mln
Year
Oper shr 1.58 dlrs vs 2.07 dlrs
Oper net 12,991,000 vs 15,692,000
Revs 69.8 mln vs 71.7 mln
Avg shrs 8,265,541 vs 7,598,522
Note: Current qtr and year figures exclude losses from
discontinued operations of 761,000 dlrs and 875,000 dlrs,
respectively and disposition gain of 6.1 mln dlrs in both
periods.
Prior qtr and year figures exclude gain from discontinued
operation of 31,000 dlrs and loss of 2,000 dlrs, respectively.
|
training/6180
|
training/6180 |@title midway:1 airlines:1 mdwy:1 sets:1 holder:1 right:1 plan:1 |@word midway:3 airlines:1 inc:1 frequently:1 mention:1 acquisition:3 target:1 say:3 declare:1 shareholder:1 right:8 plan:1 holder:4 get:1 dividend:2 one:3 preferred:2 share:4 purchase:3 outstanding:1 common:5 stock:2 exercisable:2 entitle:2 hundredth:1 series:1 c:1 junior:1 participate:1 50:1 dlrs:1 intend:1 assure:1 receive:1 fair:1 treatment:1 event:1 takeover:1 company:3 response:1 know:1 effort:1 acquire:3 control:1 10:3 day:2 person:2 group:1 buy:1 20:2 pct:3 announce:1 commence:1 tender:1 offer:1 would:1 result:1 30:1 redeem:1 two:1 ct:1 time:2 prior:1 expieration:1 companyt:1 hodler:1 number:1 market:1 value:1 twice:1 exercise:1 price:1 payable:1 record:1 april:2 six:1 expire:1 year:1 later:1 6:1 1997:1
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MIDWAY AIRLINES <MDWY> SETS HOLDER RIGHTS PLAN
Midway Airlines Inc, which has
frequently been mentioned as an acquisition target, said it
declared a shareholder rights plan.
Holders will get a dividend of one preferred share purchase
right on each outstanding share of common stock.
Each right, when exercisable, will entitle the holder to
purchase one one-hundredth share of Series C Junior
Participating preferred stock for 50 dlrs.
The rights are intended to assure that all holders receive
fair treatment in the event of a takeover. The company said
this is not in response to a known effort to acquire control.
The rights will be exercisable 10 days after a person or
group buys 20 pct of the company's common, or announces or
commences a tender offer that would result in acquisition of 30
pct or more of its common.
Midway can redeem the rights at two cts each at any time
prior to expieration of 10 days after the acquisition by any
person of 20 pct or more of the companyt's common, it said.
If Midway is acquired, each right will entitle its hodler
to purchase a number of the acquiring company's common shares
having a market value at that time of twice the right's
exercise price.
The dividend will be payable to holders of record April
six, and expire 10 years later on April 6, 1997.
|
training/6181
|
training/6181 |@title equion:1 corp:1 equi:1 2nd:1 qtr:1 jan:1 31:1 net:1 |@word oper:5 shr:2 19:2 ct:4 vs:8 18:1 net:3 951:1 902:1 987:1 860:2 revs:2 0:1 mln:4 17:1 1:3 six:2 mth:2 26:1 35:1 332:1 273:1 2:3 502:1 868:1 33:1 6:1 29:1 note:2 exclude:1 tax:1 credit:1 897:1 925:1 dlrs:4 841:1 511:1 qtr:1 306:1 132:1 073:1 year:1 ago:1 result:1 restate:1 reflect:1 change:1 account:1 principle:1 effective:1 august:1 one:1 1985:1
|
EQUION CORP <EQUI> 2ND QTR JAN 31 NET
Oper shr 19 cts vs 18 cts
Oper net 951,902 vs 987,860
Revs 19.0 mln vs 17.1 mln
Six mths
Oper shr 26 cts vs 35 cts
Oper net 1,332,273 vs 2,502,868
Revs 33.6 mln vs 29.2 mln
Note: Oper net excludes tax credits of 897,925 dlrs vs
841,511,dlrs for qtr and 1,306,860 dlrs vs 2,132,073 dlrs for
six mths.
Note: Year-ago results restated to reflect change in
accounting principle effective August one, 1985.
|
training/6184
|
training/6184 |@title venezuela:1 ecuador:1 oil:1 loan:1 discussion:1 |@word venezuela:5 still:1 work:1 final:2 detail:2 plan:1 supply:1 ecuador:5 50:1 000:2 barrel:1 per:1 day:1 crude:1 oil:9 compensate:1 country:1 lose:1 export:2 cause:1 earthquake:1 damage:1 senior:1 petroleos:1 de:1 pdvsa:2 official:2 say:6 yet:1 finalize:1 compensation:1 carry:1 opec:1 production:1 quota:1 affect:1 signing:1 joint:1 venture:1 deal:1 union:1 pacific:1 corp:1 today:2 agreement:1 initial:1 visit:1 last:1 week:1 deputy:1 energy:1 minister:2 fernando:1 santos:1 alvite:1 point:2 contractual:1 consider:1 possibly:1 unique:1 among:1 exporter:1 require:1 client:1 sign:1 destination:1 clause:1 ensure:1 resold:1 spot:1 market:1 javier:1 espinosa:1 quote:1 account:1 remit:1 revenue:1 quito:1 would:2 pay:1 back:1 rate:1 35:1 bpd:1 trade:2 ecuadorean:1 state:1 company:2 cepe:1 never:1 allow:1 third:1 party:1
|
VENEZUELA-ECUADOR OIL LOAN UNDER DISCUSSION
Venezuela has still to work out final
details of its plan to supply Ecuador with 50,000 barrels per
day of crude oil to compensate that country for lost exports
caused by earthquake damage, a senior Petroleos de Venezuela
(PDVSA) official said.
'We have yet to finalize details on how the compensation
will be carried out and how OPEC production quotas will be
affected,' he said during the signing of a joint venture deal
with Union Pacific Corp today.
He said an agreement was initialled on a visit last week by
Ecuador's deputy energy minister Fernando Santos Alvite.
He pointed out that there are some contractual points to be
considered. Venezuela, possibly unique among oil exporters,
requires its clients to sign final destination clauses to
ensure its oil is not resold on the spot market.
Ecuador's oil minister Javier Espinosa was quoted today as
saying Venezuela will export the oil on Ecuador's account and
remit the revenues to Quito. Ecuador would pay back the oil at
a rate of 35,000 bpd.
He said Venezuela's oil would be traded through Ecuadorean
state oil company Cepe, but the PDVSA official said the company
never allows third parties to trade its oil.
|
training/6185
|
training/6185 |@title temco:1 service:1 industries:1 inc:1 1st:1 qtr:1 dec:1 31:1 |@word shr:1 31:1 ct:2 vs:3 21:1 net:1 182:1 839:1 132:1 804:1 revs:1 25:1 0:1 mln:2 19:1 4:1
|
<TEMCO SERVICE INDUSTRIES INC> 1ST QTR DEC 31
Shr 31 cts vs 21 cts
Net 182,839 vs 132,804
Revs 25.0 mln vs 19.4 mln
|
training/6186
|
training/6186 |@title great:1 pacific:1 industries:1 inc:1 year:1 net:1 |@word shr:1 1:1 93:1 dlrs:2 vs:3 2:1 21:1 net:1 8:1 371:1 000:2 9:1 576:1 revs:1 18:1 3:1 mln:2 15:1 7:1
|
<GREAT PACIFIC INDUSTRIES INC> YEAR NET
Shr 1.93 dlrs vs 2.21 dlrs
Net 8,371,000 vs 9,576,000
Revs 18.3 mln vs 15.7 mln
|
training/6187
|
training/6187 |@title simmons:1 airlines:1 inc:1 simm:1 2nd:1 qtr:1 loss:1 |@word period:1 end:1 jan:1 31:1 shr:3 loss:5 17:1 ct:4 vs:7 26:1 net:2 765:1 808:1 1:1 216:1 501:1 rev:1 15:1 8:1 mln:5 18:1 7:1 six:2 mth:2 nil:1 profit:2 54:1 12:1 5:2 2:1 538:1 030:1 revs:1 32:1 42:1 6:1 avg:1 shrs:1 4:2 310:1 068:1 712:1 315:1 note:1 prior:1 yr:1 result:2 restate:1 reflect:1 change:1 value:1 aircraft:1 increase:1 232:1 000:1 five:1
|
SIMMONS AIRLINES INC <SIMM> 2ND QTR LOSS
Period end Jan 31
Shr loss 17 cts vs loss 26 cts
Net loss 765,808 vs loss 1,216,501
Revs 15.8 mln vs 18.7 mln
Six mths
Shr nil vs profit 54 cts
Net loss 12.5 mln vs profit 2,538,030
Revs 32.5 mln vs 42.6 mln
Avg shrs 4,310,068 vs 4,712,315
NOTE: Prior yr results restated to reflect change in value
of aircraft, resulting in increase of 232,000 or five cts shr
for six mths
|
training/6188
|
training/6188 |@title temco:1 service:1 industries:1 inc:1 merger:1 end:1 |@word temco:2 service:1 industries:1 inc:1 say:1 propose:1 buyout:1 chairman:1 herman:1 j:1 hellman:1 president:1 harvey:1 newwman:1 terminate:1 mutual:1 consent:1 present:1 intention:1 acquire:1 party:1
|
<TEMCO SERVICE INDUSTRIES INC> MERGER ENDED
Temco Service Industries Inc said its
proposed buyout by chairman Herman J. Hellman and president
Harvey Newwman has been terminated by mutual consent, and Temco
has no present intention of being acquired by any other party.
|
training/6189
|
training/6189 |@title suralco:1 alumina:1 export:1 drop:1 75:1 pct:1 feb:1 |@word surinam:2 aluminum:3 company:2 suralco:5 register:1 75:1 pct:2 drop:2 alumina:4 export:3 february:3 operation:1 shut:3 worker:2 violence:1 guerrilla:3 sabotage:1 official:1 news:1 agency:1 sna:2 report:1 say:1 23:1 869:1 tonne:4 92:1 852:1 january:2 meanwhile:1 decrease:1 nine:1 period:1 1:2 511:1 647:1 refinery:2 paranam:1 18:1 mile:2 south:1 capital:1 2:1 destroy:1 plant:2 computer:1 equipment:1 protest:1 layoff:1 nearby:1 smelter:3 26:1 anti:1 government:1 dynamite:1 two:1 electricity:1 tower:1 transmit:1 power:1 afobaka:1 dam:1 jointly:1 billiton:1 nv:1 royal:1 dutch:1 shell:1 subsidiary:1 reopen:1 march:1 9:1 remain:1 closed:1 mine:1 moengo:1 60:1 east:1 paramaribo:1 close:1 last:1 november:1
|
SURALCO ALUMINA EXPORTS DROPPED 75 PCT IN FEB
The Surinam Aluminum Company
(SURALCO) registered a 75 pct drop in alumina exports in
February after its operations were shut down by worker violence
and guerrilla sabotage, the official Surinam News Agency, SNA,
reported.
SNA said Suralco's alumina exports dropped to 23,869 tonnes
in February from 92,852 tonnes in January. Aluminum exports,
meanwhile, decreased nine pct in the same period, to 1,511
tonnes from 1,647 tonnes.
Suralco's alumina refinery at Paranam, 18 miles south of
the capital, was shut down February 2 after workers destroyed
plant and computer equipment in a protest over layoffs at the
company's nearby aluminum smelter.
The smelter was shut down January 26 after anti-government
guerrillas dynamited two electricity towers which transmit
power to the plant from the Afobaka dam.
The alumina refinery, owned jointly by Suralco and Billiton
NV, a Royal Dutch Shell subsidiary, was reopened March 9. But
the smelter remains closed, as do the Suralco mines at Moengo,
60 miles east of Paramaribo, which were closed down by
guerrillas last November.
|
training/6197
|
training/6197 |@title u:1 housing:1 datum:1 fail:1 clarify:1 economic:1 path:1 |@word surprisingly:1 strong:1 u:6 housing:6 statistic:2 february:6 take:1 indication:1 economy:4 generate:1 momentum:1 sufficient:1 cause:2 start:5 lift:1 forecast:1 first:8 quarter:10 growth:6 economist:3 say:10 building:5 boost:1 two:1 factor:3 last:4 month:3 unusually:1 mild:1 weather:3 low:3 mortgage:6 rate:17 seasonal:2 make:1 hard:1 assess:1 spur:2 come:2 coming:1 steady:1 retreat:1 seem:1 near:1 bottom:1 rise:2 2:2 6:2 pct:11 seasonally:3 adjust:2 annual:5 1:8 851:1 mln:7 unit:6 804:1 january:3 high:4 pace:2 since:1 april:1 1986:1 permit:1 issue:1 future:2 climb:1 4:3 764:1 drop:1 11:1 52:1 690:1 usually:1 adverse:1 home:2 difficult:1 determine:1 mean:1 road:1 allan:2 leslie:2 discount:2 corp:2 report:2 weight:1 compensate:1 relate:1 setback:1 result:2 milder:1 temperature:1 inflate:1 also:1 build:2 several:1 believe:1 consolidate:1 edge:1 late:1 spring:1 early:2 summer:2 builder:1 look:2 current:2 let:1 mark:1 obrinsky:2 league:1 savings:1 institution:1 washington:1 whose:1 member:1 supply:1 much:2 financing:1 doubt:1 downward:1 potential:3 foresee:2 inflation:1 overall:1 improvement:2 expect:5 gain:2 50:2 100:1 basis:1 point:1 9:1 fix:2 effective:2 november:1 10:1 30:1 strength:2 concentrate:1 single:3 family:5 sector:2 multi:2 area:1 typically:1 represent:1 rental:1 remain:1 weak:2 due:1 vacancy:1 increase:1 capital:2 cost:1 follow:1 tax:1 law:1 change:1 5:2 317:1 fall:1 534:1 000:1 indicate:1 job:1 probably:1 great:1 deal:1 ward:1 mccarthy:4 merrill:1 lynch:1 markets:1 note:1 together:1 large:1 employment:1 industrial:1 output:1 retail:1 sale:2 may:2 observer:1 wave:1 four:1 gnp:4 banner:1 gross:1 national:1 product:1 grow:1 3:3 fourth:1 still:2 real:1 slightly:1 convince:1 pick:1 big:1 story:1 inventory:4 go:1 intentional:1 example:1 automaker:1 already:1 saddle:1 stock:1 produce:1 8:1 compare:1 domestic:1 car:1 7:1 thus:1 could:2 contribute:1 scale:1 back:1 production:2 second:3 identify:1 export:1 demand:1 softness:1 agree:1 evaluate:1 prospect:1 federal:1 reserve:1 chairman:1 paul:1 volcker:1 week:1 datum:1 show:1 worsening:1 trade:1 reverse:1 time:1 pump:1 slow:1 caution:1 joe:1 plocek:1 crisanti:1 maffei:1 inc:1 three:1
|
U.S. HOUSING DATA FAIL TO CLARIFY ECONOMIC PATH
Surprisingly strong U.S. housing
statistics for February cannot be taken as an indication that
the economy is generating any momentum and are not sufficient
cause to start lifting forecasts for first quarter growth,
economists said.
Building was boosted by two factors last month, unusually
mild weather and low mortgage rates. But economists said that
seasonal factors make it hard to assess what spur to the
economy, if any, will come from housing in coming months. And
after a steady retreat, mortgage rates seem to be near bottom.
U.S. housing starts rose 2.6 pct in February to a
seasonally adjusted annual rate of 1.851 mln units from 1.804
mln in January. It was the highest pace for starts since April
1986.
The rate at which permits were issued for future building
climbed 4.4 pct to a seasonally adjusted annual rate of 1.764
mln units after dropping 11.52 pct to 1.690 mln in January.
'February's weather is usually more adverse for home
building. Because of seasonal factors it's difficult to
determine what this means for the economy down the road,' said
Allan Leslie of Discount Corp.
The housing report is seasonally-weighted to compensate for
weather-related setbacks. As a result, milder temperatures
inflate the statistics.
Economists said that low mortgage rates also were a spur to
building last month. But several believe that rates will now
consolidate before edging up in late spring/early summer.
'Builders are looking at current mortgage rates and saying
'Let's do it now',' said Mark Obrinsky of the U.S. League of
Savings Institutions in Washington, whose members supply much
of the financing for home building.
But Obrinsky doubts that there is much more downward
potential for rates because he foresees higher inflation and
some overall improvement in the U.S. economy.
He expects rates to gain 50 to 100 basis points in early
summer from the 9.50 pct fixed rate effective in February. Last
November, fixed rate mortgages were about 10.30 pct.
As expected, the strength in housing was concentrated in
the single-family sector. The multi-family area -- which
typically represents rental units -- remained weak due to high
vacancy rates and increased capital costs of such units
following tax law changes effective January 1.
Single-family starts rose at a 5.6 pct annual pace to 1.317
mln units. Multi-family fell 4.1 pct to a 534,000 rate.
'Strength in the single-family sector indicates that low
mortgage rates are doing their job. But we're probably not
looking at a great deal of growth potential,' said Ward
McCarthy of Merrill Lynch Capital Markets.
McCarthy noted that the housing report, together with
larger than expected gains in U.S. employment, industrial
output and retail sales in February, may cause some observers
to start waving 'four pct GNP banners' for the first quarter.
Gross national product grew 1.3 pct in the fourth quarter.
But McCarthy, who still expects first quarter real GNP to
come in at an annual rate of 2.5 pct or slightly above, is not
convinced that growth will pick up in future.
'The big story is the inventory re-building that's going on
now, not all of which is intentional,' he said. For example,
U.S. automakers, who are already saddled with high stocks,
produced at an annual rate of 8.3 mln units in February
compared with domestic car sales of 7.3 mln.
Thus while inventories could contribute to GNP in the first
quarter, they may result in scaled-back production and weaker
growth in the second, he said.
'If most of the first quarter growth is inventory building
and we cannot identify any improvement in export demand, then
there is the potential for softness in the second quarter,'
agreed Allan Leslie of Discount Corp. He is still evaluating
first quarter GNP prospects.
Federal Reserve chairman Paul Volcker said last week that
current data do not show the worsening in trade has reversed.
'At the same time that we are pumping up inventories in the
first quarter, we could foresee production slowing in the
second,' cautioned Joe Plocek of McCarthy, Crisanti and Maffei
Inc, who expects first quarter growth of about three pct.
|
training/6198
|
training/6198 |@title public:1 service:1 enterprise:1 peg:1 two:1 mth:1 net:1 |@word periods:1 end:1 february:1 28:1 shr:2 89:1 ct:2 vs:8 87:2 net:2 119:1 5:3 mln:10 114:1 6:1 revs:2 872:1 3:2 917:1 4:5 avg:2 shrs:2 134:1 9:1 131:1 7:3 12:1 mth:1 2:1 dlrs:2 32:1 383:1 413:1 billion:2 133:1 124:1 note:1 year:1 ago:1 result:1 restate:1 reflect:1 application:1 new:1 accounting:1 disallowance:1 full:1 name:1 public:1 service:1 enterprise:1 group:1 inc:1
|
PUBLIC SERVICE ENTERPRISE <PEG> TWO MTHS NET
Periods ended February 28
Shr 89 cts vs 87 cts
Net 119.5 mln vs 114.6 mln
Revs 872.3 mln vs 917.4 mln
Avg shrs 134.9 mln vs 131.7 mln
12 mths
Shr 2.87 dlrs vs 3.32 dlrs
Net 383.4 mln vs 413.5 mln
Revs 4.5 billion vs 4.4 billion
Avg shrs 133.7 mln vs 124.7 mln
NOTES: Year ago results restated to reflect application of
new accounting for disallowances
Full name is Public Service Enterprise Group Inc
|
training/6199
|
training/6199 |@title pentron:1 corp:1 pen:1 unit:1 buy:1 ice:1 creation:1 |@word pentron:1 corp:1 say:2 rotational:1 molding:1 inc:1 unit:1 purchase:1 privately:1 hold:1 ice:3 creation:3 unlimite:1 undisclosed:1 amount:1 cash:1 consideration:1 company:1 sale:1 1:1 2:1 mln:1 dlrs:1 year:1 end:1 may:1 31:1 1986:1 molder:1 plastic:1
|
PENTRON CORP <PEN> UNIT TO BUY ICE CREATIONS
Pentron Corp said its
Rotational Molding Inc unit has purchased privately held Ice
Creations Unlimited for an undisclosed amount of cash and other
considerations.
The company said Ice Creations had sales of 1.2 mln dlrs in
the year ended May 31, 1986.
Ice creations is a molder of plastics.
|
training/6201
|
training/6201 |@title u:1 k:1 oil:1 revenue:1 forecast:1 fall:1 1987:1 88:1 |@word u:1 k:1 government:5 forecast:9 oil:9 revenue:7 fall:3 four:1 billion:17 stg:13 fiscal:5 year:10 1987:7 88:6 4:3 75:3 1986:5 87:3 11:2 5:4 1985:1 86:1 come:2 treasury:4 financial:1 statement:5 budget:3 report:1 issue:1 chancellor:1 exchequer:1 nigel:1 lawson:1 annual:1 parliament:1 assume:1 price:3 average:1 15:1 dlrs:1 barrel:2 line:1 early:1 calculation:1 base:1 exchange:1 rate:1 remain:1 close:1 current:4 level:1 document:1 say:3 shortfall:2 reflect:1 north:3 sea:3 corporation:4 tax:4 pay:1 time:1 lag:1 calculate:1 one:2 dlr:1 difference:1 change:2 350:1 mln:7 400:1 full:2 production:2 slightly:1 accord:1 tonne:1 would:1 alter:1 45:1 50:1 add:1 total:4 general:3 receipt:3 estimate:2 159:1 2:3 autumn:1 despite:1 1:3 25:1 billlion:1 additional:1 non:2 vat:2 750:1 account:1 bulk:1 overshoot:1 rise:1 168:1 8:1 among:1 main:1 item:1 besides:1 diminish:1 project:1 income:1 40:1 38:1 bring:2 13:1 revise:4 amount:1 23:1 3:2 compare:1 upwardly:1 21:1 expenditure:1 expect:1 173:1 164:1 9:2 repayment:1 800:1 public:2 market:1 overseas:1 borrowing:2 sector:1 requirement:1
|
U.K. OIL REVENUE FORECAST TO FALL IN 1987/88
The U.K. Government forecasts that oil
revenues will fall to four billion stg in the fiscal year
1987/88, from 4.75 billion in 1986/87 and 11.5 billion in
1985/86.
The forecast came in the Treasury's Financial Statement and
Budget Report issued after the Chancellor of the Exchequer
Nigel Lawson's annual budget statement to parliament.
The government is assuming the price of oil will average 15
dlrs a barrel, in line with its earlier forecasts, and its oil
revenue calculation is based on an exchange rate remaining
close to current levels, the Treasury document said.
The Treasury said the 1987/88 oil revenue shortfall will
reflect the oil price fall of 1986, as North Sea corporation
tax is paid after a time lag.
The statement calculated that a one dlr a barrel difference
in oil prices this year will change revenue by about 350 mln
stg for the current fiscal year, and 400 mln stg in a full
year.
Oil production is forecast to fall slightly in 1987,
according to the statement. A change in one mln tonnes in
production would alter revenue by about 45 mln stg in 1987/88
and 50 mln stg in a full year, it added.
Total general government receipts for 1986/87 are now
estimated to be 159.2 billion stg, 2.75 billion more than the
1986 Budget forecasts and above the Autumn Statement forecasts,
despite a shortfall of 1.25 billlion in oil receipts.
Additional non-North Sea corporation tax of 1.75 billion
stg and VAT of 750 mln stg account for the bulk of the
overshoot.
Total general government receipts were forecast to rise to
168.8 billion stg in fiscal 1987/88, and among the main items,
besides diminishing oil revenues, were projected income tax of
40 billion stg, up from 38.4 billion in the current year.
Non-North Sea corporation tax is forecast to bring in 13.5
billion stg in 1987/88, after the revised 11.2 billion in
1986/87, and VAT revenue should amount to 23.3 billion,
compared with upwardly revised estimated 21.5 billion this
fiscal year.
The general government expenditure for the coming fiscal
year is expected to total 173.5 billion stg, up from a revised
164.9 billion in the current year.
A repayment of 800 mln on public corporations' market and
overseas borrowings is forecast to bring the total Public
Sector Borrowing Requirement down to 3.9 billion stg in
1987/88, from this year's revised 4.1 billion, the Treasury
said.
|
training/6202
|
training/6202 |@title reynold:1 metal:1 rlm:1 furman:1 selz:1 report:1 |@word share:10 reynolds:3 metal:4 co:1 rise:3 sharply:1 wall:1 street:1 firm:1 furman:3 selz:3 mager:1 dietz:1 birney:1 issue:1 report:6 focus:1 strong:1 earning:4 potential:2 company:1 australian:2 gold:6 hold:1 trader:5 familiar:2 say:8 note:1 holding:2 could:1 worth:1 35:1 ct:2 55:1 year:2 1:2 40:2 dlrs:8 two:2 1988:2 reynold:4 three:1 point:1 59:1 5:1 8:2 volume:1 729:1 500:1 stake:1 mount:1 gibson:1 project:2 boddington:5 locate:1 australia:2 analyst:2 mine:4 property:1 together:1 value:1 20:1 ask:1 identify:1 stock:1 today:1 likely:1 result:1 u:1 investor:1 completely:1 cognizant:1 size:1 importance:1 indicate:1 discover:1 mixed:1 bauxite:2 principally:1 go:1 profit:1 substantially:1 reduce:1 production:1 cost:1 also:1 boost:1 estimate:1 expect:1 earn:1 4:1 10:1 dlr:1 1987:1 eight:1 last:1 net:1 18:1 include:1 3:1 09:1 adoption:1 new:1 accounting:1 rule:1 01:1 tax:1 loss:1 carryforward:1 extraordinary:1 item:1
|
REYNOLD METALS <RLM> UP ON FURMAN SELZ REPORT
Shares of Reynolds Metals Co rose
sharply after Wall Street firm Furman Selz Mager Dietz and
Birney issued a report focusing on the strong earnings
potential from the company's Australian gold holding, traders
familiar with the report said.
Traders said the report notes that earnings from Australian
gold holdings could be worth about 35 cts to 55 cts a share
this year and 1.40 dlrs to two dlrs a share in 1988.
Reynolds Metals rose three points to 59-5/8 on volume of
729,500 shares.
Reynolds owns stakes in the Mount Gibson gold project and
the Boddington gold project, both located in Australia. An
analyst familiar with the two mines said 'the properties,
together, have a potential value of 20 dlrs to 40 dlrs a share
for Reynolds.'
The analyst, who asked not to be identified, said the rise
in the stock today was likely the result of 'U.S. investors
that were not completely cognizant of the size or the
importance of the (Reynolds') holdings in Australia.'
Traders said the Furman Selz report indicates that gold was
discovered mixed with bauxite in the Boddington mine.
Boddington is principally a bauxite mine.
The traders said the report goes on to say that the profits
from the Boddington gold with substantially reduce the
production costs of the other metals mined at Boddington.
Traders said Furman Selz also boosted its earnings
estimates, expecting Reynolds Metals to earn 4.10 dlr a share
in 1987 and eight dlrs a share in 1988.
Last year, Reynolds reported net earnings of 8.18 dlrs a
share, which included 3.09 dlrs a share for adoption of new
accounting rules, 1.01 dlrs a share for tax loss carryforwards
and other extraordinary items.
|
training/6204
|
training/6204 |@title 17:2 mar:2 1987:2 |@word
|
17-MAR-1987
17-MAR-1987
|
training/6205
|
training/6205 |@title western:1 federal:1 savings:1 bank:1 wfpr:1 payout:1 |@word qtly:1 div:1 15:2 ct:2 vs:1 12:1 1:1 2:1 prior:1 pay:1 april:1 record:1 march:1 31:1
|
WESTERN FEDERAL SAVINGS BANK <WFPR> UPS PAYOUT
Qtly div 15 cts vs 12-1/2 cts prior
Pay April 15
Record March 31
|
training/6208
|
training/6208 |@title opec:2 want:1 18:1 dlr:1 oil:1 price:1 oapec:1 official:1 |@word believe:2 world:3 oil:1 price:3 set:1 around:2 fix:2 average:2 18:2 dlrs:2 barrel:1 oapec:2 assistant:1 general:1 secretary:1 abdelaziz:1 al:4 wattari:4 say:4 speech:1 european:1 community:1 opec:3 seminar:1 luxembourg:1 release:1 energy:1 trade:1 keep:1 without:1 restriction:1 build:1 note:1 total:1 output:1 organization:1 agree:1 ceiling:1 member:1 country:1 february:1 although:1 mean:2 sacrifice:2 effect:1 market:2 stability:2 though:1 restore:1 good:1 level:1 still:1 pressure:1 last:1 require:1 wide:1 scope:1 international:1 cooperation:1
|
OPEC WANTS 18 DLR OIL PRICE - OAPEC OFFICIAL
OPEC believes world oil prices should
be set around a fixed average price of 18 dlrs a barrel, OAPEC
Assistant General Secretary Abdelaziz Al-Wattari said.
In a speech to a European Community/OAPEC/OPEC seminar in
Luxembourg released here, Al-Wattari said, 'OPEC believes ...the
world energy trade should be kept without restrictions and
should be built around a fixed average price of 18 dlrs.'
Al-Wattari noted that total OPEC output was below the
organization's agreed ceiling for all member countries in
February, although this had meant sacrifices. The effect of
these sacrifices meant that market stability, though restored
to a good level, was still under pressure, Al-Wattari said.
'A lasting stability in the world market requires a wider
scope of international cooperation,' he said.
|
training/6209
|
training/6209 |@title u:1 house:1 approve:1 pilot:1 0:1 92:1 disaster:1 program:1 |@word house:1 representatives:1 approve:3 bill:10 enable:1 1987:4 winter:5 wheat:6 feedgrain:4 farmer:10 hit:1 midwestern:1 flooding:2 last:4 year:2 receive:3 least:1 92:7 pct:2 federal:2 income:1 support:2 payment:4 even:1 plant:5 one:1 time:1 pilot:1 0:5 program:3 design:1 assist:1 kansas:1 oklahoma:1 michigan:1 part:1 missouri:2 pass:1 304:1 100:1 vote:1 send:1 senate:3 although:2 include:1 narrow:2 version:1 provision:4 endorse:1 reagan:1 administration:4 u:1 agriculture:1 department:1 withhold:1 measure:2 usda:7 say:4 would:13 discourage:1 buy:2 crop:6 insurance:2 fall:4 short:1 propose:1 broad:1 scale:1 revision:1 farm:1 permit:1 producer:3 prevent:2 deficiency:1 eligible:3 could:2 different:1 land:2 spring:1 use:1 graze:1 hay:1 estimate:2 save:1 30:2 mln:8 dlrs:7 largely:1 reduce:1 forfeiture:1 also:2 aid:1 200:1 along:1 mississippi:1 river:1 residual:1 damage:1 addition:1 require:1 make:2 full:1 emergency:1 assistance:4 congress:2 currently:1 claim:1 outstrip:1 400:3 appropriated:1 fund:1 plan:1 offer:3 region:1 74:1 cent:1 every:1 dollar:1 disaster:6 loss:1 oppose:1 expand:1 relief:1 thwart:1 effort:1 encourage:1 alternative:1 proposal:1 option:3 major:1 commodity:1 produce:2 insignificant:1 saving:2 net:1 requirement:1 compensate:1 fully:1 strike:1 cost:3 135:1 must:1 appropriate:1 five:1 overall:1 111:1 january:1 raise:1 dlr:1 ceiling:1
|
U.S. HOUSE APPROVES PILOT 0/92 DISASTER PROGRAM
The House of Representatives
approved a bill to enable 1987 winter wheat and feedgrains
farmers hit by midwestern flooding last year to receive at
least 92 pct of their federal income support payments even if
they did not plant.
The one-time pilot 0/92 program, designed to assist farmers
in Kansas, Oklahoma, Michigan and parts of Missouri, was passed
by a 304-100 vote and sent to the Senate.
Although the bill includes a narrow version of the 0/92
provision endorsed by the Reagan administration, the U.S.
Agriculture Department withheld its support from the measure.
USDA said the bill would discourage farmers from buying
crop insurance and fall short of the administration's proposed
broad-scale revision of farm programs.
The bill would permit winter wheat producers prevented from
planting their 1987 crop last fall to receive 92 pct of the
deficiency payments they would have received.
To be eligible, winter wheat farmers could not plant a
different crop on that land this spring, although they could
use the land for grazing or to plant hay.
USDA estimated this provision would save 30 mln dlrs,
largely because of reduced crop forfeitures.
The bill also would aid about 200 feedgrains producers
along the Missouri and Mississippi Rivers who were prevented
from planting crops this year because of residual damage from
last fall's flooding.
In addition, the measure would require USDA to make full
payment to farmers eligible for emergency assistance approved
by Congress last fall.
Currently, because claims have outstripped the 400 mln dlrs
in appropriated funds, USDA plans to offer farmers in the
region 74 cents for every dollar in disaster losses.
The administration said it opposed the bill because, by
expanding the 400 mln dlrs in disaster relief, it would thwart
efforts to encourage farmers to buy crop insurance as an
alternative to federal disaster assistance.
USDA also said the 0/92 provisions in the bill were
narrower than the administration's proposal to offer the option
to all major commodities and would produce insignificant
savings.
USDA said the 0/92 option for 1987 winter wheat farmers
would produce a net savings of about 30 mln dlrs, while the
requirement to compensate fully disaster-struck farmers would
cost about 135 mln dlrs, which must be appropriated by
Congress. The feedgrains provision would cost about five mln
dlrs.
USDA estimated the overall cost of the bill to be 111 mln
dlrs.
In January the Senate approved a bill that would make 1987
winter wheat farmers eligible for disaster assistance payments.
But the Senate bill would not offer the 0/92 option to
wheat and feedgrains producers or raise the 400-mln dlr ceiling
on the disaster assistance program.
|
training/6211
|
training/6211 |@title diodes:1 inc:1 dio:1 3rd:1 qtr:1 jan:1 31:1 net:1 |@word shr:2 profit:5 one:1 ct:4 vs:6 four:2 net:2 27:1 490:1 89:1 687:1 sale:2 2:2 899:1 189:1 785:2 931:1 nine:2 mth:1 loss:2 78:1 038:1 184:1 062:1 8:2 918:1 273:1 913:1
|
DIODES INC <DIO> 3RD QTR JAN 31 NET
Shr profit one cts vs profit four cts
Net profit 27,490 vs 89,687
Sales 2,899,189 vs 2,785,931
Nine mths
Shr loss four cts vs profit nine cts
Net loss 78,038 vs profit 184,062
Sales 8,785,918 vs 8,273,913
|
training/6212
|
training/6212 |@title allegheny:2 beverage:2 say:2 group:2 interested:2 acquire:2 service:2 america:2 corp:2 unit:2 |@word
|
ALLEGHENY BEVERAGE SAYS GROUP INTERESTED IN ACQUIRING ITS SERVICE AMERICA CORP UNIT
ALLEGHENY BEVERAGE SAYS GROUP INTERESTED IN ACQUIRING ITS SERVICE AMERICA CORP UNIT
|
training/6213
|
training/6213 |@title mony:1 real:1 estate:1 investor:1 mym:1 3rd:1 qtr:1 feb:1 28:1 |@word oper:4 shr:2 nine:3 ct:6 vs:8 128:1 qtly:1 div:1 18:1 22:1 prior:1 net:4 951:1 000:9 1:2 817:1 total:2 income:2 5:3 010:1 575:1 mth:2 39:1 59:1 4:1 014:1 936:1 15:2 2:1 mln:2 16:1 7:1 note:1 current:1 year:1 period:1 include:1 750:1 dslr:1 provision:1 possible:1 loss:1 exclude:1 gain:1 sale:1 investment:1 461:1 dlrs:2 346:1 quarter:1 dividend:1 pay:1 april:1 record:1 march:1 31:1
|
MONY REAL ESTATE INVESTORS <MYM> 3RD QTR FEB 28
Oper shr nine cts vs 128 cts
Qtly div 18 cts vs 22 cts prior
Oper net 951,000 vs 1,817,000
Total income 5,010,000 vs 5,575,000
Nine mths
Oper shr 39 cts vs 59 cts
Oper net 4,014,000 vs 5,936,000
Total income 15.2 mln vs 16.7 mln
NOTE: Current year net both periods includes 750,000 dslr
provision for possible losses.
Net excludes gains from sale of investment of 1,461,000
dlrs vs 346,000 dlrs in quarter and in nine mths.
Dividend pay April 15, record March 31.
|
training/6214
|
training/6214 |@title hilton:1 hlt:1 see:1 improve:1 first:1 quarter:1 profit:1 |@word hilton:4 hotels:2 corp:1 expect:2 earning:1 per:1 share:1 first:2 quarter:1 fiscal:1 1987:1 march:1 31:1 90:1 ct:2 compare:1 70:1 year:2 early:1 division:1 president:1 carl:1 mottek:1 say:1 tell:1 news:1 conference:1 company:2 cost:1 10:1 suite:2 hotel:2 announce:1 today:1 150:1 mln:1 dlrs:1 initial:1 financing:1 would:1 come:1 cash:1 flow:1 later:1 plan:1 use:1 borrowing:1 traditional:1 source:1 add:2 hope:1 build:1 50:1 within:1 five:1 may:1 take:1 partner:1 new:1 venture:1
|
HILTON <HLT> SEES IMPROVED FIRST QUARTER PROFITS
Hilton Hotels Corp expects earnings
per share for first quarter fiscal 1987 to March 31 to be about
90 cts compared with 70 cts a year earlier, Hilton Hotels
division president Carl Mottek said.
He told a news conference the company expected costs for
its first 10 all-suite hotels, announced today, to be about 150
mln dlrs. Initial financing would come from the company's cash
flow. Later, Hilton plans to use borrowings from traditional
sources, he added.
Hilton, which hopes to build 50 all-suite hotels within
five years, may take in partners in the new venture, he added.
|
training/6215
|
training/6215 |@title h:2 j:2 heinz:1 hnz:1 poise:1 record:1 year:1 |@word heinz:9 co:1 within:1 sight:1 22nd:1 consecutive:1 year:4 new:5 record:1 financial:1 growth:2 fiscal:2 end:1 april:1 30:1 chairman:1 chief:1 executive:2 officer:1 anthony:1 reilly:6 tell:2 investment:1 analyst:2 decline:1 make:2 specific:1 projection:1 say:8 food:2 company:2 strong:1 time:1 118:1 history:2 last:1 week:1 report:1 third:1 quarter:1 earning:1 rise:2 55:2 ct:2 share:3 46:1 sale:2 1:2 08:1 billion:2 dlrs:3 01:1 earlier:1 concentrate:1 back:1 big:1 brand:1 product:2 service:1 geography:1 internal:1 acquisition:1 ketchup:1 high:1 market:1 pct:1 response:1 question:1 volume:1 falloff:1 overall:1 category:1 concern:1 weight:1 watcher:1 continue:1 perform:1 well:1 generate:2 revenue:1 1987:1 approximately:1 940:1 mln:1 active:1 negotiation:1 build:1 second:1 plant:2 china:1 enter:1 joint:1 venture:1 government:1 1984:1 form:1 ufe:1 ltd:2 produce:1 dry:1 baby:1 cereal:1 japan:1 profit:1 first:1 substantial:1 dividend:1 implementation:1 partnership:1 seoul:2 move:1 ahead:1 manufacturing:1 target:2 completion:1 june:1 south:1 korea:1 increase:1 competitiveness:1 implement:1 low:1 cost:1 imaginable:1 program:2 manufacture:1 marketing:1 procurement:1 modernization:1 effect:1 united:1 kingdom:1 operation:1 labor:1 force:1 trim:1 4:1 000:2 10:1 expect:1 reduce:1 2:1 500:1 1988:1
|
H.J. HEINZ <HNZ> POISED FOR RECORD YEAR
H.J. Heinz Co is 'within sight of our
22nd consecutive year of new records in financial growth' for
the fiscal year ending April 30, Chairman and Chief Executive
Officer Anthony O'Reilly told investment analysts.
O'Reilly, who declined to make a specific projection, said
the food company is 'stronger than at any time in its 118-year
history.'
Last week Heinz reported third-quarter earnings rose to 55
cts a share from 46 cts a share. Sales rose to 1.08 billion
dlrs from 1.01 billion dlrs a year earlier.
O'Reilly said Heinz will concentrate on backing its big
brands, new products and services, new geography, internal
growth and acquisitions.
He said Heinz Ketchup has its highest market share in
history, 55 pct. But in response to a question, the executive
said a volume falloff in the overall product category 'is a
concern to us.'
O'Reilly said Weight Watchers continues to perform well and
will generate revenue in fiscal 1987 of approximately 940 mln
dlrs.
O'Reilly told analysts Heinz is in active negotiations to
build a second plant in China, where it entered a joint venture
with the government in 1984, forming Heinz-UFE Ltd, which
produces dry baby food cereal.
He said Heinz-Japan is 'making a profit and generating its
first substantial dividends,' and implementation of a new
partnership, Seoul-Heinz Ltd, is moving ahead with a new
manufacturing plant targeted for completion by June in Seoul,
South Korea.
To increase its competitiveness, O'Reilly said Heinz
implemented a 'lowest cost imaginable' program targeted at
manufacturing, sales and marketing and procurement.
He said a modernization program is in effect at the
company's United Kingdom operations, where the labor force,
trimmed to 4,000 from 10,000, is expected to be further reduced
to 2,500 in 1988.
|
training/6217
|
training/6217 |@title allegheny:1 beverage:1 abev:1 explores:1 unit:1 sale:1 |@word allegheny:10 beverage:5 corp:2 say:7 approach:1 group:5 interested:1 acquire:2 foodservice:2 unit:3 service:9 america:8 include:2 senior:1 management:1 officer:1 company:3 agree:1 permit:1 potential:1 lender:1 perform:1 due:1 diligence:1 review:2 note:1 previously:1 cancel:2 plan:1 spin:2 subsidiary:2 preliminary:1 assurance:1 acquisition:2 proposal:1 make:2 accepted:1 fiscal:2 1986:3 revenue:2 934:1 mln:6 dlrs:9 83:1 pct:1 total:1 1:3 13:1 billion:1 year:1 end:1 march:1 29:1 spokesman:1 decline:1 identify:1 official:1 feb:1 18:1 1987:1 give:1 reason:1 would:1 place:1 major:1 emphasis:1 manage:1 improve:1 operation:5 increase:1 earning:2 may:2 1985:2 operate:2 cafeteria:1 food:1 vend:1 machine:1 provide:1 coin:1 laundry:1 services:1 build:1 maintenance:1 retail:1 office:1 furniture:1 report:1 continue:1 8:3 2:1 09:1 fully:2 diluted:1 share:2 exclude:1 income:2 59:2 7:1 discontinued:1 extraordinary:1 loss:1 sell:1 pepsi:1 cola:1 bottle:1 co:1 pepsico:1 inc:1 pep:1 160:1 discontinue:1 special:1 item:1 net:1 6:1 21:1 dilute:1
|
ALLEGHENY BEVERAGE <ABEV> EXPLORES UNIT SALE
Allegheny Beverage Corp said it
has been approached by a group interested in acquiring its
foodservice unit, Service America Corp.
The group includes senior management of Service America but
no officers of Allegheny Beverage, the company said.
The company has agreed to permit the group and its
potential lenders to perform a due diligence review of Service
America, it said.
Allegheny noted it had previously cancelled plans to spin
off the foodservice subsidiary.
The company said the group's review is preliminary and
there is no assurance that an acquisition proposal will be made
or, if made, accepted.
Service America had fiscal 1986 revenues of about 934 mln
dlrs, or about 83 pct of Allegheny Beverage's total revenues of
1.13 billion dlrs for the year ended March 29, 1986, a
spokesman for Allegheny Beverage said.
He declined to identify the Service America officials in
the acquisition group.
On Feb 18, 1987, Allegheny said it was cancelling the spin
off of Service America, but gave no reason for doing so. It
said it would place major emphasis on managing Service America
to improve operations and increase earnings at the unit.
Service America, which Allegheny acquired in May 1985,
operates cafeterias and food and beverage vending machines.
Through other subsidiaries, Allegheny provides coin-operated
laundry services, building maintenance services and retail
office and furniture operations.
In fiscal 1986, Allegheny reported earnings from continuing
operations of 8.2 mln dlrs or 1.09 dlrs a fully diluted share,
excluding income of 59.7 mln dlrs from discontinued operations
and an extraordinary loss of 8.1 mln dlrs. In May 1985,
Allegheny sold its Pepsi-Cola Bottling Co unit to Pepsico Inc
<PEP> for 160 mln dlrs.
Including discontinued operations and the special item, net
income was 59.8 mln dlrs or 6.21 dlrs a share fully diluted.
|
training/6218
|
training/6218 |@title inspiration:1 irc:1 canadian:1 gold:1 find:1 |@word inspiration:3 resources:2 corp:1 say:4 gold:3 project:3 northern:1 manitoba:2 44:1 8:1 pct:1 interest:2 yield:1 estimate:1 total:1 reserve:4 1:1 580:1 000:4 short:1 ton:6 grade:1 average:1 0:4 185:1 ounce:4 per:2 company:1 mineral:1 ltd:1 remain:1 locate:1 25:1 mile:1 east:1 lynn:1 lake:1 prove:1 538:1 assay:1 212:1 probable:1 686:1 166:1 possible:1 355:1 183:1 production:1 decision:1 expect:1 make:1 1988:1
|
INSPIRATION <IRC> IN CANADIAN GOLD FIND
Inspiration Resources Corp said a gold
project in northern Manitoba in which it has a 44.8 pct
interest has yielded estimated total reserves of 1,580,000
short tons grading an average 0.185 ounce of gold per ton.
The company said <Manitoba Mineral Resources Ltd> owns the
remaining interest in the project, which is located about 25
miles east of Lynn Lake.
Inspiration said the project has proven reserves of 538,000
tons assayed at 0.212 ounce of gold per ton, probable reserves
of 686,000 tons at 0.166 ounce and possible reserves of 355,000
tons at 0.183 ounce.
Inspiration said a production decision is expected to be
made in 1988.
|
training/6220
|
training/6220 |@title marcor:1 maar:1 expect:1 fiscal:1 year:1 profit:1 |@word marcor:2 development:1 co:1 inc:1 say:1 expect:1 post:1 profit:1 fiscal:1 year:4 end:1 february:1 28:1 two:1 mln:2 dlrs:2 compare:1 early:1 loss:1 3:1 2:1 prior:1 company:3 operate:2 f:2 import:1 publicly:1 hold:2 wholesale:1 food:2 distributor:1 march:1 last:1 privately:1 acquire:1 control:1 interest:1 importing:1 divest:1 business:1 rename:1 begin:1 real:1 estate:1 investment:1 service:1
|
MARCOR <MAAR> EXPECTS FISCAL YEAR PROFIT
MarCor Development Co Inc said
it expects to post a profit for its fiscal year ended February
28 of about two mln dlrs, compared to a year earlier loss of
3.2 mln dlrs.
During the prior year the company operated as F and M
Importing, a publicly-held wholesale food distributor.
During March last year privately-held Marcor acquired a
controlling interest in F and M Importing, divested the food
business, renamed the company and began operating as a real
estate investment and service company.
|
training/6221
|
training/6221 |@title hondura:1 authorize:1 buy:1 pl:1 480:1 commodity:1 |@word honduras:1 authorize:1 buy:2 75:1 000:3 tonne:3 u:5 wheat:2 15:1 corn:2 6:1 tallow:2 exist:1 pl:1 480:1 agreement:2 agriculture:1 department:2 say:2 may:1 value:3 8:1 5:2 mln:3 dlrs:2 1:1 2:1 0:1 march:2 24:1 august:1 31:1 1987:1 ship:1 port:1 canadian:1 transshipment:1 point:1 september:1 30:1 purchase:1 authorization:1 cover:1 entire:1 quantity:1 provide:1 sign:1 11:1
|
HONDURAS AUTHORIZED TO BUY PL 480 COMMODITIES
Honduras has been authorized to buy
about 75,000 tonnes of U.S. wheat, about 15,000 tonnes of U.S.
corn, and about 6,000 tonnes of U.S. tallow under an existing
PL 480 agreement, the U.S. Agriculture Department said.
The department said it may buy the wheat, valued at 8.5 mln
dlrs, the corn, valued at 1.5 mln, and the tallow, valued at
2.0 mln dlrs, between March 24 and August 31, 1987, and ship it
from U.S. ports and/or Canadian transshipment points by this
September 30.
The purchase authorizations cover the entire quantity
provided under the agreement, signed March 11.
|
training/6222
|
training/6222 |@title valley:1 resource:1 vr:1 set:1 stock:1 split:1 payout:1 |@word valley:1 resources:1 inc:1 say:2 board:1 declare:1 three:1 two:1 stock:1 split:3 raise:1 quarterly:1 cash:1 dividend:2 pre:1 share:1 42:1 ct:2 38:1 company:1 payable:1 april:1 15:1 holder:1 record:1 march:1 31:1
|
VALLEY RESOURCES (VR) SETS STOCK SPLIT, UPS PAYOUT
Valley Resources Inc said its
board declared a three-for-two stock split and raised the
quarterly cash dividend on the pre-split shares to 42 cts from
38 cts.
The company said both the split and the dividend are
payable April 15 to holders of record March 31.
|
training/6223
|
training/6223 |@title cross:1 boosts:1 frost:1 sullivan:1 frsl:1 holding:1 |@word shareholder:1 group:3 lead:1 new:1 york:1 investor:1 theodore:1 cross:2 say:3 securities:1 exchange:1 commission:1 filing:1 boost:1 stake:1 frost:2 sullivan:2 inc:1 common:1 stock:1 208:1 800:1 share:3 13:1 7:1 pct:1 total:1 outstanding:1 buy:1 17:2 000:1 open:1 market:1 feb:1 march:1 10:1 previously:1 purchase:1 investment:1
|
CROSS BOOSTS FROST AND SULLIVAN <FRSL> HOLDINGS
A shareholder group led by New York
investor Theodore Cross said in a Securities and Exchange
Commission filing that it boosted its stake in Frost and
Sullivan Inc common stock to 208,800 shares or 13.7 pct of the
total outstanding.
The group said Cross bought 17,000 shares in the open
market between Feb. 17 and March 10.
The group had said previously that its Frost and Sullivan
share purchases were for investment.
|
training/6225
|
training/6225 |@title peru:1 sell:1 40:1 state:1 firm:1 cut:1 budget:1 deficit:1 |@word peru:3 sell:5 40:2 state:5 firm:5 trim:1 project:2 740:1 mln:2 dlrs:1 loss:1 year:2 among:1 government:4 company:7 would:7 entirety:1 privatise:1 partially:1 accord:1 jose:2 palomino:5 president:1 hold:1 national:1 development:1 council:1 conade:3 tell:2 reporter:1 radio:1 interview:1 aim:1 slim:1 public:1 sector:1 deficit:2 11:1 billion:1 intis:2 say:6 foreigner:3 allow:2 buy:1 part:1 independent:1 economist:1 warn:1 could:4 push:1 inflation:1 60:1 100:1 pct:2 1987:1 govenment:1 target:1 50:1 aeroperu:1 flagship:1 airline:1 10:1 jet:1 fleet:1 issue:1 stock:4 purchase:3 private:1 investor:1 1986:1 register:1 first:1 profit:3 eight:1 earn:1 44:1 6:1 pre:1 tax:2 140:1 non:1 financial:1 soon:1 publish:1 list:1 include:2 whose:1 share:3 offer:1 lima:2 exchange:3 last:1 november:1 plan:1 possible:1 sale:1 produce:1 palm:1 oil:1 another:1 manufacture:1 electrical:1 appliance:1 also:1 copper:1 mine:1 empresa:1 nacional:1 tintaya:1 sa:1 southern:1 arequipa:1 neither:1 general:2 manager:2 enrique:1 estremadoyro:1 available:1 comment:1 whether:1 secretary:1 office:1 antonio:1 almenara:1 reuter:1 pay:1 resident:1 foreign:1 stockholder:1 remit:1 abroad:1 least:1 july:1 1988:1
|
PERU TO SELL 40 STATE FIRMS TO CUT BUDGET DEFICIT
peru will sell about 40 state-owned firms
to trim a projected 740 mln dlrs loss this year among
government-owned companies.
Some companies would be sold in their entirety and others
would be privatised only partially, according to jose palomino,
president of the government's state company holding firm, the
national development council (conade).
He told reporters in a radio interview that the aim was to
slim a projected public sector firm deficit of 11 billion
intis. He did not say if foreigners would be allowed to buy all
or part of the companies.
Independent economists warn that the deficit could push
inflation to between 60 and 100 pct in 1987, against the
govenment target of 40-50 pct.
Palomino said aeroperu, the government flagship airline
with a 10-jet fleet, would issue stock for purchase by private
investors. The company in 1986 registered its first profit in
eight years, earning about 44.6 mln intis in pre-tax profits.
Peru has about 140 non-financial state firms. Palomino said
the government would soon publish a list of those to be sold,
including those whose shares would be offered on the lima stock
exchange.
Last november, palomino said conade's plans included the
possible sale of a company producing palm oil and another
manufacturing electrical appliances. Shares could also be sold
in a copper mine, empresa nacional tintaya sa, in the southern
state of arequipa.
Neither Palomino nor conade's general manager, enrique
estremadoyro, were available for comment on whether foreigners
would be allowed to purchase the companies. Their secretaries
said they were out of their offices.
Jose antonio almenara, the general manager of the lima
stock exchange, where shares of the state-owned firms could be
sold, told reuters that the only foreigners who could purchase
stock at the exchange had to be tax-paying residents of peru.
He said foreign stockholders cannot remit profits abroad
until at least july 1988.
|
training/6227
|
training/6227 |@title interdyne:1 co:1 idyn:1 1st:1 qtr:1 feb:1 1:1 loss:1 |@word shr:1 loss:5 28:1 ct:2 vs:3 80:1 net:1 2:2 150:1 000:4 3:1 722:1 sale:1 1:1 478:1 097:1
|
INTERDYNE CO <IDYN> 1ST QTR FEB 1 LOSS
Shr loss 28 cts vs loss 80 cts
Net loss 2,150,000 vs loss 3,722,000
Sales 1,478,000 vs loss 2,097,000
|
training/6231
|
training/6231 |@title killearn:1 properties:1 inc:1 kpi:1 3rd:1 qtr:1 net:1 |@word qtr:1 end:1 jan:1 31:1 shr:2 23:1 ct:4 vs:6 eight:1 net:2 309:1 963:1 110:1 356:1 revs:2 2:1 503:1 451:1 1:1 351:2 076:1 nine:1 mth:1 62:1 25:1 851:1 776:1 331:1 666:1 6:1 739:1 4:1 107:1 713:1
|
KILLEARN PROPERTIES INC <KPI> 3RD QTR NET
Qtr ends Jan 31
Shr 23 cts vs eight cts
Net 309,963 vs 110,356
Revs 2,503,451 vs 1,351,076
Nine mths
Shr 62 cts vs 25 cts
Net 851,776 vs 331,666
Revs 6,739,351 vs 4,107,713
|
training/6232
|
training/6232 |@title gateway:1 medical:1 systems:1 inc:1 3rd:1 qtr:1 loss:1 |@word period:1 end:1 jan:1 31:1 shr:2 loss:2 one:1 ct:4 vs:6 profit:6 eight:1 net:2 52:1 198:1 602:1 766:1 revs:2 18:2 6:1 mln:3 7:2 833:1 424:1 nine:1 mth:1 10:1 six:1 809:1 243:1 393:1 372:1 36:1 3:1
|
<GATEWAY MEDICAL SYSTEMS INC> 3RD QTR LOSS
Period end Jan 31
Shr loss one cts vs profit eight cts
Net loss 52,198 vs profit 602,766
Revs 18.6 mln vs 7,833,424
Nine mths
Shr profit 10 cts vs profit six cts
Net profit 809,243 vs profit 393,372
Revs 36.3 mln vs 18.7 mln
|
training/6233
|
training/6233 |@title spartech:1 corp:1 sptn:1 1st:1 qtr:1 jan:1 31:1 net:1 |@word shr:2 two:1 ct:2 vs:3 three:1 net:1 369:1 000:2 347:1 revs:1 21:1 3:1 mln:2 14:1 note:1 per:1 reflect:1 payment:1 preferred:1 dividend:1
|
SPARTECH CORP <SPTN> 1ST QTR JAN 31 NET
Shr two cts vs three cts
Net 369,000 vs 347,000
Revs 21.3 mln vs 14 mln
NOTE: Per shr reflects payment of preferred dividends.
|
training/6234
|
training/6234 |@title academy:1 insurance:1 group:1 inc:1 acig:1 4th:1 qtr:1 net:1 |@word shr:2 profit:2 two:1 ct:5 vs:10 loss:7 1:5 05:1 dlrs:4 net:2 666:1 000:7 18:1 306:1 revs:2 29:1 mln:8 28:1 3:2 avg:2 shrs:2 69:1 17:1 5:1 year:2 21:1 2:1 72:1 7:2 571:1 45:1 517:1 117:1 4:2 123:1 35:1 16:1 note:1 result:1 include:1 nil:1 473:1 three:2 share:3 quarter:1 921:1 dlrss:1 137:1 seven:1 discontinue:1 operation:1
|
ACADEMY INSURANCE GROUP INC <ACIG> 4TH QTR NET
Shr profit two cts vs loss 1.05 dlrs
Net profit 1,666,000 vs loss 18,306,000
Revs 29.1 mln vs 28.3 mln
Avg shrs 69.1 mln vs 17.5 mln
Year
Shr loss 21 cts vs loss 2.72 dlrs
Net loss 7,571,000 vs loss 45,517,000
Revs 117.4 mln vs 123.3 mln
Avg shrs 35.4 mln vs 16.7 mln
NOTE: Results include losses of nil vs 473,000 dlrs, or
three cts a share, in quarter and 921,000 dlrss, or three cts a
share, vs 1,137,000 dlrs or seven cts a share, in year from
discontinued operations
|
training/6235
|
training/6235 |@title essex:1 chemical:1 corp:1 esx:1 regular:1 dividend:1 |@word qtly:1 div:1 15:2 ct:2 vs:1 prior:1 qtr:1 payable:1 may:1 11:1 record:1 april:1 10:1
|
ESSEX CHEMICAL CORP <ESX> REGULAR DIVIDEND
Qtly div 15 cts vs 15 cts in prior qtr
Payable May 11
Record April 10
|
training/6236
|
training/6236 |@title u:2 exporter:2 report:2 350:2 000:2 tonne:2 corn:2 sell:2 unknown:2 destination:2 1986:2 87:2 |@word
|
U.S. EXPORTERS REPORT 350,000 TONNES CORN SOLD TO UNKNOWN DESTINATIONS FOR 1986/87
U.S. EXPORTERS REPORT 350,000 TONNES CORN SOLD TO UNKNOWN DESTINATIONS FOR 1986/87
|
training/6239
|
training/6239 |@title usda:1 report:1 350:1 000:1 tonne:1 corn:1 unknown:1 |@word u:2 agriculture:1 department:1 say:1 private:1 exporter:2 report:3 sale:3 350:1 000:2 tonne:2 corn:3 delivery:1 unknown:3 destination:2 1986:1 87:1 marketing:2 season:1 year:1 begin:1 september:1 1:1 second:1 day:1 run:1 yesterday:1 150:1
|
USDA REPORTS 350,000 TONNES CORN TO UNKNOWN
The U.S. Agriculture Department said
private U.S. exporters reported sales of 350,000 tonnes of corn
for delivery to unknown destinations during the 1986/87
marketing season.
The marketing year for corn began September 1.
This is the second day running that exporters have reported
corn sales to unknown destinations. Yesterday, they reported
sales of 150,000 tonnes to unknown.
|
training/6240
|
training/6240 |@title hre:2 propertie:1 1st:1 qtr:1 end:1 jan:1 31:1 net:1 |@word shr:1 38:1 ct:3 vs:4 47:1 net:1 2:2 253:1 664:1 806:1 820:1 rev:1 5:2 173:1 318:1 873:1 904:1 note:1 1987:1 qtr:2 include:1 126:1 117:1 dlrs:1 two:1 per:2 share:2 gain:2 sale:1 property:1 29:1 812:1 less:1 one:1 cent:1 prior:1
|
HRE PROPERTIES <HRE> 1ST QTR ENDS JAN 31 NET
Shr 38 cts vs 47 cts
Net 2,253,664 vs 2,806,820
Revs 5,173,318 vs 5,873,904
NOTE: 1987 qtr includes 126,117 dlrs, or two cts per share,
from gains on sale of property, vs gain 29,812, or less than
one cent per share, for prior qtr.
|
training/6242
|
training/6242 |@title jayark:1 corp:1 jaya:1 3rd:1 qtr:1 end:1 jan:1 31:1 loss:1 |@word shr:2 nil:2 vs:6 net:2 loss:2 77:1 879:1 65:1 501:1 revs:2 3:1 895:1 741:1 4:1 872:1 163:1 nine:2 mth:1 profit:4 ct:2 two:1 488:1 898:1 118:1 208:1 13:1 0:1 mln:2 15:1 8:1
|
JAYARK CORP <JAYA> 3RD QTR ENDS JAN 31 LOSS
Shr nil vs nil
Net loss 77,879, vs loss 65,501
Revs 3,895,741 vs 4,872,163
Nine mths
Shr profit nine cts vs profit two cts
Net profit 488,898 vs profit 118,208
Revs 13.0 mln vs 15.8 mln
|
training/6243
|
training/6243 |@title bio:1 vascular:1 inc:1 1st:1 qtr:1 jan:1 31:1 loss:1 |@word shr:1 loss:2 three:1 ct:2 vs:4 profit:2 two:1 net:1 54:1 791:1 28:1 866:1 sale:1 137:1 9810:1 338:1 886:1 avg:1 shrs:1 1:2 602:1 717:1 331:1 739:1
|
<BIO-VASCULAR INC> 1ST QTR JAN 31 LOSS
Shr loss three cts vs profit two cts
Net loss 54,791 vs profit 28,866
Sales 137,9810 vs 338,886
Avg shrs 1,602,717 vs 1,331,739
|
training/6244
|
training/6244 |@title great:1 american:1 management:1 gami:1 2nd:1 qtr:1 loss:1 |@word period:1 end:1 jan:1 31:1 shr:2 loss:8 89:1 ct:2 vs:6 82:1 net:2 5:2 187:1 000:4 362:1 revs:2 128:1 4:1 mln:4 50:1 3:2 six:1 mth:1 1:2 27:1 dlrs:2 04:1 7:2 015:1 6:1 790:1 264:1 97:1 note:1 full:1 name:1 great:1 american:1 management:1 investment:1 inc:1
|
GREAT AMERICAN MANAGEMENT <GAMI> 2ND QTR LOSS
Period ended Jan 31
Shr loss 89 cts vs loss 82 cts
Net loss 5,187,000 vs loss 5,362,000
Revs 128.4 mln vs 50.3 mln
Six mths
Shr loss 1.27 dlrs vs loss 1.04 dlrs
Net loss 7,015,000 vs loss 6,790,000
Revs 264.7 mln vs 97.3 mln
NOTE: Full name is Great American Management and Investment
Inc
|
training/6246
|
training/6246 |@title norstar:1 buy:1 callicoon:1 bank:1 |@word norstar:5 bancorp:1 say:1 reach:1 agreement:2 principle:1 buy:2 united:4 national:1 bank:2 callicoon:1 stock:2 exchange:1 value:1 20:1 mln:2 dlrs:2 term:1 would:1 201:1 660:1 share:3 common:1 rate:1 three:1 year:1 end:1 asset:1 90:1 branch:1 six:1 upstate:1 new:1 york:1 city:1 become:1 part:1 hudson:1 valley:1 n:1 11:1 1:1 billion:1 dlr:1 multibank:1 financial:1 service:1 company:1
|
NORSTAR <NOR> TO BUY CALLICOON BANK
Norstar Bancorp said it reached an
agreement in principle to buy United National Bank of Callicoon
through a stock exchange valued at 20 mln dlrs.
Under terms of the agreement, Norstar would buy all 201,660
shares of United's common stock at a rate of three Norstar
shares for each United share.
With year-end assets of 90 mln dlrs, United has branches
six upstate New York cities, all of which will become part of
Norstar Bank of the Hudson Valley, N.A.
Norstar is an 11.1 billion dlr multibank financial services
company.
|
training/6248
|
training/6248 |@title academy:1 insurance:1 group:1 inc:1 acig:1 4th:1 qtr:1 net:1 |@word oper:4 shr:2 profit:2 one:2 ct:8 vs:7 loss:9 1:1 14:1 dlrs:3 net:2 435:1 000:1 19:1 9:1 mln:3 year:3 28:1 2:2 78:1 10:2 46:1 5:1 note:1 exclude:2 investment:1 gain:2 per:4 share:4 12:1 quarter:2 13:1 discontinued:1 operation:1 three:1 fourth:1 1985:1 21:1 72:1
|
ACADEMY INSURANCE GROUP INC <ACIG> 4TH QTR NET
Oper shr profit one ct vs loss 1.14 dlrs
Oper net profit 435,000 vs loss 19.9 mln
Year
Oper shr loss 28 cts vs loss 2.78 dlrs
Oper net loss 10 mln vs loss 46.5 mln
NOTE: Excludes investment gains of one ct per share vs 12
cts in the quarter, and gains 10 cts per share vs 13 cts in the
year. Excludes loss from discontinued operations of three cts
per share in fourth quarter 1985, and loss of 21 cts per share
vs loss 2.72 dlrs in the year.
|
training/6252
|
training/6252 |@title manufacturers:1 hanover:1 corp:1 mhc:1 sets:1 dividend:1 |@word qtly:1 div:1 82:2 ct:2 vs:1 prior:1 pay:1 april:2 25:1 record:1 one:1
|
MANUFACTURERS HANOVER CORP <MHC> SETS DIVIDEND
Qtly div 82 cts vs 82 cts prior
Pay April 25
Record April one
|
training/6253
|
training/6253 |@title uk:1 trade:1 wary:1 high:1 ec:1 grain:1 levy:1 |@word european:2 community:1 may:1 decide:1 increase:1 cereal:4 co:1 responsibility:1 levy:4 extend:1 scope:1 cover:1 substitute:1 commission:2 1987:2 88:1 farm:1 price:2 package:1 oppose:1 member:1 state:1 edgar:1 pye:3 vice:1 president:1 british:1 agricultural:1 merchants:1 association:1 ukasta:2 say:4 moment:1 propose:1 rate:1 remain:1 unchanged:1 three:1 pct:1 address:1 feed:2 manufacturer:1 dinner:1 glasgow:1 could:1 change:1 controversial:1 plan:1 cut:1 introduce:1 oil:1 fat:1 tax:1 block:1 would:1 continue:1 fight:1 tooth:1 nail:1 however:1 test:1 case:1 court:1 justice:1 contest:1 legality:1 current:1 regulation:1 apply:1 back:1 ec:1 manufacturers:1 organisation:1 fefac:1 expect:1 hear:1 end:1
|
UK TRADE WARY OF HIGHER EC GRAIN LEVY
The European Community may decide to
increase the cereals co-responsibility levy and extend its
scope to cover cereal substitutes if the Commission's 1987/88
farm price package is opposed by member states, Edgar Pye,
vice-president of the British agricultural merchants'
association UKASTA, said.
At the moment the Commission is proposing the rate of levy
remain unchanged at three pct - but Pye, addressing a feed
manufacturers' dinner in Glasgow, said this could change if its
controversial plans to cut cereal prices and introduce an oils
and fats tax are blocked
Pye said UKASTA would continue to fight the cereals levy
'tooth and nail.'
However, a test case in the European Court of Justice
contesting the legality of the current regulation applying the
levy, which is being backed by the EC feed manufacturers'
organisation FEFAC, was not now expected to be heard until the
end of 1987, he said.
|
training/6254
|
training/6254 |@title williams:1 industries:1 inc:1 wmsi:1 2nd:1 qtr:1 net:1 |@word qtr:1 end:1 jan:1 31:1 shr:2 10:1 ct:4 vs:6 three:1 net:2 194:1 842:1 54:1 200:1 revs:3 22:1 2:2 mln:5 11:1 six:2 mth:2 50:1 28:1 965:1 924:1 502:1 008:1 43:1 8:2 21:1 6:1 note:1 current:1 rev:1 include:1 16:1 dlrs:1 john:1 f:1 beasley:1 construction:1 co:1 wholly:1 unit:1
|
WILLIAMS INDUSTRIES INC <WMSI> 2ND QTR NET
Qtr ended Jan 31
Shr 10 cts vs three cts
Net 194,842 vs 54,200
Revs 22.2 mln vs 11.2 mln
Six mths
Shr 50 cts vs 28 cts
Net 965,924 vs 502,008
Revs 43.8 mln vs 21.6 mln
Note: Current six mths revs include 16.8 mln dlrs in revs
from John F. Beasley Construction Co, a wholly owned unit.
|
training/6257
|
training/6257 |@title hanover:1 cos:1 inc:1 3rd:1 qtr:1 jan:1 31:1 loss:1 |@word oper:5 shr:2 loss:4 26:1 ct:3 vs:6 profit:4 22:1 net:3 672:1 879:1 596:2 760:1 revs:2 2:4 188:1 678:1 364:1 280:1 nine:2 mth:2 1:1 60:1 dlrs:3 92:1 4:1 278:1 055:1 472:1 532:1 5:1 896:1 322:1 7:1 497:1 782:1 note:1 exclude:1 tax:1 gain:1 000:2 year:2 ago:2 qtr:1 173:1
|
<HANOVER COS INC> 3RD QTR JAN 31 LOSS
Oper shr loss 26 cts vs profit 22 cts
Oper net loss 672,879 vs profit 596,760
Revs 2,188,678 vs 2,364,280
Nine mths
Oper shr loss 1.60 dlrs vs profit 92 cts
Oper net loss 4,278,055 vs profit 2,472,532
Revs 5,896,322 vs 7,497,782
Note: Oper net excludes tax gains of 596,000 dlrs for
year-ago qtr and 2,173,000 dlrs for year-ago nine mths.
|
training/6259
|
training/6259 |@title u:1 certificate:1 provide:1 wheat:1 corn:1 supply:1 |@word april:1 december:1 1986:3 commodity:1 credit:1 corporation:1 ccc:1 issue:1 3:2 85:1 billion:7 dlrs:7 worth:1 generic:1 certificate:5 1:2 8:2 exchange:2 january:2 1987:5 u:3 agriculture:1 department:7 say:11 additional:2 4:2 authorize:1 issuance:1 august:1 provide:1 ample:1 free:1 supply:2 corn:3 wheat:1 remainder:1 crop:1 year:4 summary:1 agricultural:1 outlook:1 report:1 freeing:1 stock:1 make:1 grain:1 competitive:1 world:1 market:1 last:2 summer:1 example:1 215:1 mln:2 bushel:3 help:1 increase:2 marketable:1 farm:4 level:1 price:2 average:2 two:1 per:1 somewhat:1 low:2 would:2 otherwise:1 probably:1 lead:1 usage:1 40:1 50:1 government:1 spending:2 program:3 fiscal:2 project:1 fall:1 half:2 25:1 1988:2 1989:1 cost:1 escalation:1 first:1 1980:2 reverse:1 current:1 policy:1 remain:2 force:1 annual:1 1992:2 record:1 eight:1 president:1 budget:1 proposal:1 cut:1 spend:1 24:1 foreign:1 economic:1 growth:1 expect:2 close:1 2:2 6:1 pct:2 86:1 partially:1 improvement:1 export:1 volume:1 rise:1 frist:1 time:1 seven:1
|
U.S. CERTIFICATES TO PROVIDE WHEAT/CORN SUPPLIES
From April through December 1986,
the Commodity Credit Corporation (CCC) issued 3.85 billion dlrs
worth of generic certificates and about 1.8 billion had not
been exchanged by January 1, 1987, the U.S. Agriculture
Department said.
The department said an additional 4.3 billion dlrs in
certificates has been authorized for issuance during
January-August, 1987.
These certificates will provide ample free supplies of corn
and wheat for the remainder of the crop year, the department
said in a summary of its Agricultural Outlook report.
Freeing of stocks through certificates is making U.S. grain
more competitive on world markets, it said.
The department said last summer, for example, certificates
were exchanged for 215 mln bushels of corn. This helped
increase marketable supplies, so farm-level corn prices
averaged about two dlrs per bushel -- somewhat lower than they
would have otherwise.
The lower prices probably led to an increase in usage of 40
to 50 mln bushels, it said.
The department said government spending on farm programs in
fiscal year 1987 is projected to fall half a billion dlrs from
1986's 25.8 billion dlrs.
During 1988 and 1989, the cost escalation of the first half
of the 1980's will reverse. If current policy remains in force,
annual farm program spending by 1992 will be down from last
year's record by more than eight billion dlrs, it said.
The department said the President's budget proposals for
1988-1992 would cut farm program spending an additional 24
billion dlrs.
In 1987, foreign economic growth is expected to remain
close to 2.6 pct, the same as in 1986, but above the 2.4 pct
average of 1980-86, it said.
Partially because of this improvement, U.S. export volume
is expected to rise in fiscal 1987 for the frist time in seven
years, the department said.
|
training/6264
|
training/6264 |@title senator:1 say:1 energy:1 report:1 assumption:1 flaw:1 |@word sen:1 pete:1 domenici:1 main:1 sponsor:1 legislation:1 set:1 oil:4 import:2 fee:4 say:4 administration:1 energy:1 security:1 report:3 base:1 flawed:1 economic:2 assumption:1 new:1 mexico:1 republican:1 take:1 account:1 last:1 week:1 drop:1 domestic:1 production:1 statement:1 would:2 raise:2 price:1 consumer:1 decline:1 growth:1 result:1 reduce:1 tax:1 revenue:2 five:1 dlr:1 per:1 barrel:1 provide:1 stimulus:1 create:1 job:1 investment:1
|
SENATOR SAYS ENERGY REPORT ASSUMPTIONS FLAWED
Sen. Pete Domenici, a main sponsor
of legislation to set an oil import fee, said the
administration's energy security report was based on flawed
economic assumptions.
The New Mexico Republican said the report did not take into
account the last few weeks' drop in domestic oil production in
its statement that an oil fee would raise prices for consumers.
The report said a decline in economic growth as a result of the
fee would reduce tax revenues. 'A five dlr (per barrel) oil
import fee will provide the stimulus to create jobs and
investment, ' and raise revenues, he said.
|
training/6265
|
training/6265 |@title farm:1 program:1 change:1 outline:1 usda:1 official:1 |@word upcoming:1 change:4 consider:2 u:1 agriculture:1 department:2 transportation:2 loan:3 program:5 outline:1 usda:5 official:1 today:1 address:1 annual:1 meeting:1 national:1 grain:2 feed:1 association:1 tom:1 vongarlem:2 assistant:1 deputy:1 administrator:1 state:1 county:1 operation:1 say:7 follow:1 consideration:4 termination:1 assistance:1 wheat:2 barley:1 sorghum:1 would:1 propose:1 week:1 reserve:3 rotation:2 also:2 make:2 final:1 decision:1 ban:1 use:1 pik:1 roll:1 heavy:1 rate:1 definitely:2 look:1 next:1 year:1 crop:2 option:1 soybean:1 partially:1 cash:2 certificate:1 vangarlem:1 extend:1 1987:1 signup:1 see:1 reason:1 time:1 bonus:1 conservation:1
|
FARM PROGRAM CHANGES OUTLINED BY USDA OFFICIAL
Upcoming changes being considered in
the U.S. Agriculture Department's transportation and loan
programs were outlined by a USDA official today.
Addressing the annual meeting of the National Grain and
Feed Association, Tom VonGarlem, assistant deputy administrator
for USDA's state and county operations, said the following
changes are under consideration by USDA.
Termination of USDA's Transportation Assistance Program for
wheat, barley and sorghum would be proposed this week.
Changes in USDA's reserve rotation program are also under
consideration, VonGarlem said. While the department has not
made any final decision, banning the use of pik and roll grain
in reserve rotation is under heavy consideration, he said.
Changes in loan rates will definitely be looked at for next
year's crop, he said, with the option of making soybean loans
partially in cash and in certificates under consideration.
VanGarlem said he will definitely not extend the 1987 crop
program signup, saying he sees no reason to do so at this time.
He also said wheat will not be considered for a cash bonus
under the Conservation Reserve Program.
|
training/6267
|
training/6267 |@title usda:1 official:1 see:1 7:1 8:1 billion:1 dlrs:1 certificate:1 |@word seven:1 eight:1 billion:1 dlrs:1 generic:1 certificate:4 market:1 end:1 harvest:1 agriculture:1 department:1 official:1 say:3 commodity:2 credit:1 corp:1 depend:1 heavily:1 relieve:2 storage:2 problem:1 year:1 ralph:1 klopfenstein:3 deputy:1 administrator:1 operation:1 usda:2 tell:1 participant:1 national:1 grain:2 feed:1 association:1 annual:1 convention:1 ccc:1 able:1 relocate:1 significant:1 amount:1 fall:1 use:1 various:1 program:1 tightness:1 meet:1 goal:1 allow:1 price:1 go:1 loan:1 level:1 provide:1 inventory:1 management:1 tool:1
|
USDA OFFICIAL SEES 7-8 BILLION DLRS CERTIFICATES
There will be seven to eight billion
dlrs of generic certificates on the market by the end of
harvest, an Agriculture Department official said.
The Commodity Credit Corp will 'depend heavily' on
certificates to relieve storage problems this year, Ralph
Klopfenstein, Deputy Administrator for Commodity Operations,
USDA, told participants at the National Grain and Feed
Association's annual convention.
Klopfenstein said that CCC will not be able to relocate
grain in any significant amount this fall, so certificates will
be used in various programs to relieve storage tightness.
Klopfenstein said certificates meet the goal of allowing
prices to go below loan levels and providing USDA with an
inventory management tool.
|
training/6269
|
training/6269 |@title major:1 u:1 farm:1 group:1 oppose:1 policy:1 change:1 |@word seven:1 major:1 u:2 farm:7 group:5 take:1 unusual:1 step:1 release:1 joint:1 statement:3 urge:1 congressional:1 leader:1 tinker:1 exist:1 law:3 follow:1 meeting:1 house:1 agriculture:3 committee:2 chairman:2 kika:1 de:1 la:1 garza:1 tex:1 senate:1 patrick:1 leahy:1 vt:1 issue:1 say:3 lawmaker:1 resist:1 effort:1 overhaul:1 15:1 month:1 old:1 operate:1 first:1 crop:1 marketing:2 year:1 include:1 american:3 bureau:1 federation:1 soybean:1 association:3 national:4 cattlemen:1 corn:1 growers:1 cotton:1 council:2 pork:1 producers:1 rice:1 producer:1 legislative:1 congress:1 modify:1 1985:1 bill:1 may:1 intended:1 impact:1 make:2 competitive:1 export:1 market:1 time:1 maintain:1 income:1 strongly:1 believe:1 farmer:1 need:1 predictability:1 certainty:1 legislation:1 order:1 opportunity:1 proper:1 production:1 decision:1
|
MAJOR U.S. FARM GROUPS OPPOSE POLICY CHANGES
Seven major U.S. farm groups took
the unusual step of releasing a joint statement urging
congressional leaders not to tinker with existing farm law.
Following meetings with House Agriculture Committee
Chairman Kika de la Garza (D-Tex.) and Senate Agriculture
Committee Chairman Patrick Leahy (D-Vt.), the groups issued a
statement saying lawmakers should 'resist efforts to overhaul
the 15-month-old law, which is operating in its first crop
marketing year.'
The farm groups included the American Farm Bureau
Federation, American Soybean Association, National Cattlemen's
Association, National Corn Growers Association, National Cotton
Council, National Pork Producers Council and the U.S. Rice
Producers Legislative Group.
The statement said Congress should not modify the 1985 farm
bill 'so the law might have its intended impact of making
agriculture more competitive in export markets while at the
same time maintaining farm income.'
'We strongly believe American farmers now need
predictability and certainty in farm legislation in order to
have any opportunity of making proper production and marketing
decisions,' the groups said.
|
training/6271
|
training/6271 |@title howell:1 corp:1 hwl:1 4th:1 qtr:1 loss:1 |@word shr:2 profit:6 six:1 ct:3 vs:6 17:1 net:4 269:1 000:3 833:1 revs:2 28:1 0:2 mln:6 30:1 8:1 nine:1 mth:1 loss:2 4:2 16:1 dlrs:2 74:1 20:2 3:1 543:1 93:1 1:1 117:1 7:1 note:1 current:1 qtr:1 include:1 writedown:1 investment:1 company:1 oil:1 gas:1 property:1 year:1 ago:1 result:1 restate:1 reflect:1 reclassification:1 coal:1 mining:1 marketing:1 segment:1 ongoing:1 operation:2 rather:1 discontinue:1
|
HOWELL CORP <HWL> 4TH QTR LOSS
Shr profit six cts vs profit 17 cts
Net profit 269,000 vs profit 833,000
Revs 28.0 mln vs 30.8 mln
Nine mths
Shr loss 4.16 dlrs vs profit 74 cts
Net loss 20.0 mln vs profit 3,543,000
Revs 93.1 mln vs 117.7 mln
Note: Current qtr net includes writedown of 20.4 mln dlrs
of net investment in company's oil and gas properties.
Year-ago results restated to reflect reclassification of
coal mining and marketing segment as ongoing operation rather
than discontinued operation.
|
training/6273
|
training/6273 |@title sigmaform:1 corp:1 sgma:1 3rd:1 qtr:1 jan:1 31:1 net:1 |@word shr:2 one:1 ct:4 vs:6 five:1 net:2 42:1 469:1 226:1 791:1 sale:2 7:2 963:1 620:1 6:1 886:1 414:1 nine:1 mth:1 12:1 22:1 490:1 927:1 949:1 650:1 24:1 0:1 mln:2 18:1
|
SIGMAFORM CORP <SGMA> 3RD QTR JAN 31 NET
Shr one ct vs five cts
Net 42,469 vs 226,791
Sales 7,963,620 vs 6,886,414
Nine mths
Shr 12 cts vs 22 cts
Net 490,927 vs 949,650
Sales 24.0 mln vs 18.7 mln
|
training/6274
|
training/6274 |@title marcus:1 corp:1 mrcs:1 3rd:1 qtr:1 feb:1 five:1 net:1 |@word shr:2 14:1 ct:2 vs:6 15:1 net:3 733:1 000:8 788:1 revs:2 31:1 9:2 mln:4 28:1 nine:2 mth:1 1:2 08:1 dlrs:6 20:1 5:2 560:1 6:1 162:1 104:1 97:1 2:1 note:1 1987:1 include:1 tax:1 credit:1 25:1 third:1 quarter:1 100:1 month:1 compare:1 370:1 910:1 1986:1 period:1
|
MARCUS CORP <MRCS> 3RD QTR FEB FIVE NET
Shr 14 cts vs 15 cts
Net 733,000 vs 788,000
Revs 31.9 mln vs 28.9 mln
Nine Mths
Shr 1.08 dlrs vs 1.20 dlrs
Net 5,560,000 vs 6,162,000
Revs 104.5 mln vs 97.2 mln
NOTE: 1987 net includes tax credits of 25,000 dlrs in the
third quarter and 100,000 dlrs in the nine months compared with
370,000 dlrs and 910,000 dlrs in the 1986 periods.
|
training/6275
|
training/6275 |@title firstcorp:1 inc:1 fcr:1 raise:1 qtly:1 dividend:1 |@word qtly:2 div:2 class:2 nine:2 ct:4 vs:2 7:2 5:2 prior:2 b:1 pay:1 april:1 30:1 record:1 march:1 31:1
|
FIRSTCORP INC <FCR> RAISES QTLY DIVIDENDS
Qtly div class A nine cts vs 7.5 cts prior
Qtly div class B nine cts vs 7.5 cts prior
Pay April 30
Record March 31
|
training/6276
|
training/6276 |@title healthvest:1 hvt:1 buy:1 tennessee:1 medical:1 complex:1 |@word healthvest:1 say:2 acquire:1 eastwood:1 hospital:2 medical:1 complex:1 memphis:1 healthcare:2 international:2 inc:1 50:1 mln:1 dlrs:1 cash:1 continue:1 operate:1 lease:1 agreement:1 company:1
|
HEALTHVEST <HVT> BUYS TENNESSEE MEDICAL COMPLEX
Healthvest said it acquired the
Eastwood Hospital medical complex in Memphis from Healthcare
International Inc for 50 mln dlrs cash.
Healthcare International will continue to operate the
hospital under a lease agreement, the company said.
|
training/6277
|
training/6277 |@title ventra:1 buy:1 joint:1 venture:1 leasing:1 |@word ventra:3 management:1 inc:2 counter:1 company:1 say:2 acquire:1 joint:4 venture:5 leasing:1 60:1 mln:5 share:2 value:1 3:1 6:1 dlrs:3 organize:2 september:2 1986:2 establish:1 lease:1 manufacturer:1 vendor:1 computer:1 equipment:1 result:1 acquisition:1 backlog:1 expect:1 1987:2 sale:1 30:2 net:1 profit:1 1:1 5:1 complete:1 public:1 offering:1 january:1
|
VENTRA BUYS JOINT VENTURE LEASING
Ventra Management Inc, an over the
counter company, said it acquired Joint Venture Leasing Inc for
60 mln Venture shares, valued at 3.6 mln dlrs.
Joint Venture was organized in September 1986 to establish
leasing joint ventures with manufacturers and vendors of
computer equipment.
As a result of the acquisition and Joint Venture's backlog,
Ventra said it expects 1987 sales to be 30 mln dlrs with net
profits of 1.5 mln dlrs.
Ventra was organized in September 1986 and completed a
public offering of 30 mln shares in January 1987.
|
training/6278
|
training/6278 |@title oxford:1 financial:1 buy:1 clancy:1 system:1 |@word oxford:1 financial:1 inc:2 say:2 acquire:1 clancy:2 systems:1 international:1 undisclosed:1 sum:1 company:1 develop:1 fully:1 automate:1 parking:1 citation:1 system:1 currently:1 use:1 oklahoma:1 city:1 university:1 california:1 sacramento:1 pilot:1 program:1 san:1 francisco:1
|
OXFORD FINANCIAL BUYS CLANCY SYSTEMS
<Oxford Financial Inc> said it acquired
<Clancy Systems International Inc> for an undisclosed sum.
The company said Clancy has developed a fully automated
parking citation system, currently in use in Oklahoma City, the
University of California at Sacramento, and in a pilot program
in San Francisco.
|
training/6279
|
training/6279 |@title realty:1 south:1 investors:1 inc:1 rsi:1 year:1 net:1 |@word shr:2 1:4 03:1 dlrs:1 vs:4 82:1 ct:1 net:1 982:1 296:1 359:1 273:1 revs:1 2:2 403:1 481:1 494:1 304:1 investment:1 22:1 4:1 mln:2 11:1 5:1 note:1 figure:1 adjust:1 3:1 split:1 feb:1 23:1 1987:1 1985:3 result:1 reflect:1 operation:1 eight:1 month:1 end:1 dec:1 31:1 company:1 begin:1 operate:1 may:1
|
REALTY SOUTH INVESTORS INC <RSI> YEAR NET
Shr 1.03 dlrs vs 82 cts
Net 1,982,296 vs 1,359,273
Revs 2,403,481 vs 1,494,304
Investments 22.4 mln vs 11.5 mln
NOTE: Shr figures adjusted for 3-for-2 split Feb 23, 1987.
1985 results reflect operations for eight months ended Dec 31,
1985. Company began operating May 1985.
|
training/6280
|
training/6280 |@title turner:1 equity:1 investors:1 inc:1 teq:1 payout:1 |@word qtly:1 cash:1 distribution:1 20:2 ct:2 vs:1 prior:1 pay:1 april:1 eight:1 record:1 march:1 27:1
|
TURNER EQUITY INVESTORS INC <TEQ> PAYOUT
Qtly cash distribution 20 cts vs 20 cts prior
Pay April eight
Record March 27
|
training/6282
|
training/6282 |@title grace:1 gra:1 complete:1 retail:1 unit:1 sale:1 w:1 r:1 |@word grace:3 co:2 say:4 complete:2 sale:2 berman:1 leather:1 expert:1 retail:2 business:1 new:3 company:4 management:1 lead:1 buyout:1 receive:2 99:1 3:1 mln:3 dlrs:3 cash:2 record:1 pretax:2 gain:2 37:1 first:1 quarter:1 additional:1 19:2 defer:1 realization:1 fully:1 assure:1 diversified:1 chemical:1 industrial:1 program:1 divest:1 operation:1 addition:1 payment:1 warrant:1 buy:1 47:1 5:1 pct:2 reinveste:1 proceed:1 debt:1 firm:1 financing:1 provide:1 prudential:1 insurance:1 america:1 affiliates:1
|
GRACE <GRA> COMPLETES RETAIL UNIT SALE
W.R. Grace and Co said it completed
the sale of its Bermans The Leather Experts retail business to
a new company in a management led buyout.
Grace received 99.3 mln dlrs cash and will record a pretax
gain of about 37 mln dlrs in the first quarter, the company
said. An additional pretax gain of 19 mln dlrs will be deferred
until realization is more fully assured, it said.
The diversified chemical and industrial company said the
sale completes its program to divest retail operations.
In addition to the cash payment, Grace received warrants to
buy up to 47.5 pct of the new company and has reinvested about
19 pct of the proceeds in debt of the new firm.
Financing was provided by Prudential Insurance Co of
America and affiliates.
|
training/6283
|
training/6283 |@title wausau:1 paper:1 mills:1 co:1 wsau:1 2nd:1 qtr:1 net:1 |@word period:1 end:1 feb:1 28:1 shr:2 61:1 ct:2 vs:6 56:1 net:2 2:2 764:1 000:4 540:1 sale:2 60:1 4:1 mln:4 55:1 8:2 six:1 mth:1 1:2 27:1 dlrs:2 15:1 5:2 741:1 269:1 122:1 109:1 9:1 note:1 per:1 share:1 datum:1 restate:1 10:1 pct:1 stock:1 dividend:1 pay:1 holder:1 record:1 dec:2 26:2 1986:1 1985:1
|
WAUSAU PAPER MILLS CO <WSAU> 2ND QTR NET
Period ended Feb 28
Shr 61 cts vs 56 cts
Net 2,764,000 vs 2,540,000
Sales 60.4 mln vs 55.8 mln
Six mths
Shr 1.27 dlrs vs 1.15 dlrs
Net 5,741,000 vs 5,269,000
Sales 122.8 mln vs 109.9 mln
NOTE: Per-share data restated for 10 pct stock dividends
paid to holders of record Dec 26, 1986 and Dec 26, 1985
|
training/6287
|
training/6287 |@title taunton:1 savings:1 bank:1 tsbk:1 set:1 first:1 dividend:1 |@word taunton:2 savings:1 bank:1 say:4 board:1 declare:1 initial:1 cash:1 dividend:3 six:1 ct:1 per:1 share:2 go:1 public:1 last:1 june:1 rate:1 base:1 3:1 220:1 000:1 outstanding:1 payable:1 april:1 15:1 shareholder:1 record:1 march:1 31:1 company:1 know:1 would:1 pay:1 regular:1 future:1
|
TAUNTON SAVINGS BANK <TSBK> SETS FIRST DIVIDEND
Taunton Savings Bank said its
board declared an initial cash dividend of six cts per share.
Taunton, which went public last June, said the rate was
based on 3,220,000 outstanding shares.
It said the dividend was payable April 15 to shareholders
of record March 31.
The company said it did not know if it would pay regular
dividends in the future.
|
training/6288
|
training/6288 |@title fibronics:1 international:1 inc:1 fbrx:1 4th:1 qtr:1 loss:1 |@word shr:2 loss:8 14:2 ct:3 vs:6 one:1 net:2 836:1 327:1 34:2 926:1 revs:2 8:2 939:1 390:1 136:1 160:1 year:2 nil:1 2:1 008:1 103:1 078:1 30:1 1:1 mln:2 28:1 0:1 note:1 ago:1 result:1 restate:1 reflect:1 acquisition:1 spartacus:1 inc:1 febaruary:1 1986:1
|
FIBRONICS INTERNATIONAL INC <FBRX> 4TH QTR LOSS
Shr loss 14 cts vs loss one ct
Net loss 836,327 vs loss 34,926
Revs 8,939,390 vs 8,136,160
Year
Shr loss 34 cts vs loss nil
Net loss 2,008,103 vs loss 14,078
Revs 30.1 mln vs 28.0 mln
Note: Year-ago results restated to reflect acquisition of
Spartacus Inc in Febaruary 1986.
|
training/6293
|
training/6293 |@title telephone:1 data:1 systems:1 inc:1 tds:1 year:1 net:1 |@word oper:2 shr:1 94:1 ct:4 vs:5 93:1 net:4 8:2 889:1 000:7 570:1 revs:1 155:1 0:1 mln:2 123:1 4:2 avg:1 shrs:1 9:2 450:1 174:1 note:1 exclude:1 discontinue:1 operation:1 gain:1 679:1 dlrs:3 50:1 share:3 loss:1 720:1 seven:1 1986:1 include:1 charge:1 865:1 repeal:1 investment:1 tax:1 credit:1 company:1 correct:1 1985:1 year:1 per:1 operate:1 table:1 originally:1 run:1 march:1 10:1
|
TELEPHONE AND DATA SYSTEMS INC <TDS> YEAR NET
Oper shr 94 cts vs 93 cts
Oper net 8,889,000 vs 8,570,000
Revs 155.0 mln vs 123.4 mln
Avg shrs 9,450,000 vs 9,174,000
NOTE: Net excludes discontinued operations a gain of
4,679,000 dlrs, or 50 cts a share vs a loss of 720,000 dlrs, or
seven cts a share. 1986 net includes charge of 865,000 dlrs
from repeal of investment tax credits
Company corrects 1985 year per-share operating net in table
which originally ran march 10
|
training/6294
|
training/6294 |@title api:2 say:2 distillate:2 stock:2 7:2 35:2 mln:6 bbls:2 gasoline:2 2:2 89:2 crude:2 4:2 39:2 |@word
|
API SAYS DISTILLATE STOCKS OFF 7.35 MLN BBLS, GASOLINE OFF 2.89 MLN, CRUDE OFF 4.39 MLN
API SAYS DISTILLATE STOCKS OFF 7.35 MLN BBLS, GASOLINE OFF 2.89 MLN, CRUDE OFF 4.39 MLN
|
training/6295
|
training/6295 |@title cpc:2 international:1 inc:1 qtly:1 div:1 |@word shr:1 31:3 ct:2 vs:1 prior:1 payable:1 april:1 24:1 record:1 march:1
|
CPC INTERNATIONAL INC <CPC> QTLY DIV
Shr 31 cts vs 31 cts prior
Payable April 24
Record March 31
|
training/6296
|
training/6296 |@title congressman:1 urge:1 wheat:1 eep:1 soviet:1 union:1 |@word kansas:1 republican:1 congressman:1 pat:1 roberts:5 urge:2 reagan:2 administration:2 offer:2 export:1 enhancement:1 program:1 eep:5 subsidy:1 soviet:3 union:3 speak:1 house:1 foreign:2 agriculture:3 subcommittee:1 say:3 u:2 china:1 poland:1 also:1 include:1 rep:2 talk:1 issue:1 moscow:2 raise:1 within:1 recently:1 secretary:2 state:1 george:1 shultz:1 country:1 well:1 may:1 case:1 tom:1 kay:5 department:1 agricultural:1 service:1 administrator:1 however:1 tell:1 reuters:1 later:1 reply:2 base:1 particular:1 knowledge:1 convey:1 top:1 official:1 usda:1 congress:1 favor:1 wheat:1 delighted:1 deliver:1 message:1 earlier:1 repeat:1 richard:1 lyng:1 statement:1 last:1 week:1 door:1 yet:1 close:1
|
CONGRESSMAN URGES WHEAT EEP TO SOVIET UNION
Kansas Republican Congressman Pat
Roberts urged the Reagan administration to offer export
enhancement program, eep, subsidies to the Soviet Union.
Speaking at a House foreign agriculture subcommittee,
Roberts said the U.S. has offered eep to China and Poland, and
should also include the Soviet Union.
Rep. Roberts said there had been some talk that the issue
of an eep to Moscow had not been raised within the Reagan
administration recently because Secretary of State George
Shultz was out of the country.
'That very well may be the case,' said Tom Kay, U.S.
Agriculture Department Foreign Agricultural Service
administrator. However, Kay told Reuters later that his reply
to Roberts was not based on any particular knowledge.
Rep. Roberts urged Kay to convey to top officials of the
USDA that some in Congress favor a wheat eep to Moscow.
'I'd be delighted to deliver the message,' Kay replied.
Earlier, Kay had repeated Agriculture Secretary Richard
Lyng's statement last week that 'the door is not yet closed on
an eep to the Soviet Union.'
|
training/6297
|
training/6297 |@title public:1 service:1 enterprise:1 peg:1 two:1 month:1 net:1 |@word period:1 end:1 february:1 28:1 shr:2 89:1 ct:2 vs:6 87:2 net:2 119:1 5:1 mln:6 114:1 6:2 revs:2 872:1 3:2 917:1 4:4 year:1 2:1 dlrs:2 32:1 383:1 413:1 45:2 billion:2 note:1 full:1 name:1 public:1 service:1 enterprise:1 group:1 inc:1
|
PUBLIC SERVICE ENTERPRISE <PEG> TWO MONTHS NET
Period ends February 28
Shr 89 cts vs 87 cts
Net 119.5 mln vs 114.6 mln
Revs 872.3 mln vs 917.4 mln
Year
Shr 2.87 dlrs vs 3.32 dlrs
Net 383.4 mln vs 413.6 mln
Revs 4.45 billion vs 4.45 billion
NOTE: Full name Public Service Enterprise Group Inc.
|
training/6298
|
training/6298 |@title damon:1 creations:1 inc:1 dni:1 4th:1 qtr:1 jan:1 three:1 net:1 |@word shr:2 profit:2 49:1 ct:3 vs:6 loss:6 41:1 net:2 543:1 000:4 457:1 rev:2 10:1 4:1 mln:4 14:1 2:3 year:1 71:1 11:1 dlrs:1 781:1 325:1 38:1 9:2 44:1
|
DAMON CREATIONS INC <DNI> 4TH QTR JAN THREE NET
Shr profit 49 cts vs loss 41 cts
Net profit 543,000 vs loss 457,000
Revs 10.4 mln vs 14.2 mln
Year
Shr loss 71 cts vs loss 2.11 dlrs
Net loss 781,000 vs loss 2,325,000
Revs 38.9 mln vs 44.9 mln
|
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