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training/7379
|
training/7379 |@title brown:1 transport:1 btci:1 see:1 record:1 1987:1 net:1 |@word brown:2 transport:1 co:1 say:2 expect:1 report:2 record:1 1987:1 result:1 revenue:2 increase:1 214:1 mln:3 dlrs:6 earning:1 per:2 share:2 1:3 25:1 30:1 1986:1 net:1 income:1 05:1 5:1 45:1 191:1 7:1 last:1 week:1 company:2 declare:1 initial:1 quarterly:2 dividend:2 four:1 ct:1 begin:1 pay:1 regular:1 second:1 quarter:1 board:1 yet:1 determine:1 exact:1 amount:1
|
BROWN TRANSPORT <BTCI> SEES RECORD 1987 NET
Brown Transport Co said it expects to
report record 1987 results with revenues increasing to 214 mln
dlrs and earnings per share between 1.25 dlrs and 1.30 dlrs.
Brown reported 1986 net income of 1.05 dlrs per share, or
5.45 mln dlrs, on revenues of 191.7 mln dlrs.
Last week the company declared an initial quarterly
dividend of four cts.
the company said it will begin paying a regular quarterly
dividend in the second quarter but the board has not yet
determined the exact amount.
|
training/7381
|
training/7381 |@title bombay:1 cury:1 basis:1 growth:1 location:1 cost:1 |@word bombay:1 palace:1 restaurants:1 inc:1 emphasis:1 location:2 low:1 food:1 cost:1 expect:2 1987:1 sale:1 increase:1 150:1 pct:1 22:1 mln:3 dlrs:4 8:2 5:2 1986:2 accord:1 president:1 sant:1 chatwal:3 tell:1 member:1 dallas:1 financial:1 community:1 lunchtime:1 briefing:1 go:1 prime:1 everywhere:1 make:1 sure:1 lease:1 favorable:1 previously:1 announce:1 company:1 report:1 earning:1 700:1 000:1 31:1 33:1 ct:1 share:1 revenue:1 say:1 final:1 figure:1 would:1 release:1 two:1 day:1
|
BOMBAY <CURY> BASES GROWTH ON LOCATION, COSTS
Bombay Palace Restaurants Inc, with its
emphasis on location and low food costs, expects its 1987 sales
to increase 150 pct to about 22 mln dlrs from about 8.5 mln
dlrs in 1986, according to President Sant S. Chatwal.
Chatwal told members of the Dallas financial community at
a lunchtime briefing, 'we go for prime locations everywhere and
make sure our leases are very favorable.'
As previously announced, the company expects to report
1986 earnings of about 700,000 dlrs, or 31 to 33 cts a share,
on revenues of 8.5 mln dlrs. Chatwal said the final figures
would be released in about two days.
|
training/7382
|
training/7382 |@title ameritrust:1 amtr:1 propose:1 2:1 1:1 stock:1 split:1 |@word ameritrust:4 corp:1 say:4 board:2 propose:1 two:2 one:1 split:2 common:2 subject:1 stockholder:1 approval:2 may:2 14:1 annumal:1 meet:1 company:2 also:2 intend:1 recommend:1 increase:2 annual:2 regular:1 dividend:2 least:1 dlrs:2 per:2 share:5 beginning:1 current:1 payout:1 1:2 76:1 dlr:1 currently:1 20:1 9:1 mln:3 outstanding:1 25:1 authorize:1 shareholder:2 ask:1 approve:1 authorized:1 100:1 submit:1 amendment:1 charter:1 regard:1 liability:1 indemnification:1 director:1 recommendation:1 create:1 classified:1 total:1 year:1 end:1 asset:1 11:1 billion:1
|
AMERITRUST <AMTR> PROPOSES 2-FOR-1 STOCK SPLIT
AmeriTrust Corp said its board
proposed a two-for-one split of its common, subject to
stockholder approval at its May 14 annumal meeting.
The company also said it intends to recommend an increase
in its annual regular dividend to at least two dlrs per share
before the split, beginning with the May dividend. The current
annual payout is 1.76 dlr per share.
AmeriTrust currently has about 20.9 mln shares outstanding
with 25 mln authorized shares. It said shareholders will be
asked to approve an increase in authorized common to 100 mln
shares.
Ameritrust also said it will submit for shareholder
approval an amendment to the company's charter regarding
liability and indemnification of directors and a recommendation
to create a classified board.
AmeriTrust's total year-end assets were over 11.1 billion
dlrs.
|
training/7385
|
training/7385 |@title first:1 federal:1 michigan:1 ffom:1 dividend:1 hike:1 |@word qtly:1 div:1 12:1 ct:2 vs:1 10:2 previously:1 pay:1 may:1 11:1 record:1 april:1
|
FIRST FEDERAL OF MICHIGAN <FFOM> DIVIDEND HIKE
Qtly div 12 cts vs 10 cts previously
Pay May 11
Record April 10
|
training/7386
|
training/7386 |@title united:1 jersey:1 banks:1 ujb:1 merge:1 two:1 bank:1 |@word united:4 jersey:6 banks:1 say:3 plan:1 merge:3 two:1 southern:2 new:2 member:1 bank:6 one:1 704:1 mln:1 dlr:1 organization:1 fidelity:2 base:1 pennsauken:1 south:1 order:1 improve:1 customer:1 service:1 maximize:1 efficiency:1 throughout:1 markets:1 raymond:1 silverstein:1 currently:1 chairman:2 board:1 company:1
|
UNITED JERSEY BANKS <UJB> TO MERGE TWO BANKS
United Jersey Banks said it
plans to merge two of its southern New Jersey member banks into
one 704 mln dlr organization.
It said United Jersey Bank/Fidelity Bank, based in
Pennsauken, will be merged into United Jersey Bank/South in
order to improve customer service and maximize efficiency
throughout the southern New Jersey markets.
Raymond Silverstein, currently chairman of the board of
United Jersey Bank/Fidelity, will be chairman of the merged
bank, the company said.
|
training/7387
|
training/7387 |@title u:2 exporter:2 report:2 900:2 000:2 tonne:2 corn:2 sell:2 ussr:2 1986:2 87:2 |@word
|
U.S. EXPORTERS REPORT 900,000 TONNES CORN SOLD TO THE USSR FOR 1986/87
U.S. EXPORTERS REPORT 900,000 TONNES CORN SOLD TO THE USSR FOR 1986/87
|
training/7388
|
training/7388 |@title heldor:1 industries:1 hldr:1 1st:1 qtr:1 loss:1 |@word qtr:3 end:1 jan:1 31:1 shr:1 loss:3 38:1 ct:2 vs:3 60:1 net:1 1:1 388:1 000:6 2:1 181:1 rev:1 8:1 199:1 6:1 668:1 note:1 1987:2 include:2 tax:1 gain:1 964:1 insurance:1 claim:1 also:1 non:1 recur:1 expense:1 150:1 discontinue:1 operation:1 consolidation:1 four:1 distribution:1 service:1 center:1
|
HELDOR INDUSTRIES <HLDR> 1ST QTR LOSS
Qtr ends Jan 31
Shr loss 38 cts vs loss 60 cts
Net loss 1,388,000 vs 2,181,000
Revs 8,199,000 vs 6,668,000
NOTE: 1987 qtr includes tax gain 964,000 for insurance
claims.
1987 qtr also includes non-recurring expense 150,000 for
discontinued operations and consolidation of four distribution
service centers.
|
training/7389
|
training/7389 |@title u:2 exporter:2 report:2 350:2 000:2 tonne:2 corn:2 switch:2 unknown:2 ussr:2 1986:2 87:2 |@word
|
U.S. EXPORTERS REPORT 350,000 TONNES CORN SWITCHED FROM UNKNOWN TO USSR FOR 1986/87
U.S. EXPORTERS REPORT 350,000 TONNES CORN SWITCHED FROM UNKNOWN TO USSR FOR 1986/87
|
training/739
|
training/739 |@title coeur:1 alene:1 mines:1 corp:1 cour:1 4th:1 qtr:1 loss:1 |@word shr:2 loss:10 18:1 ct:4 vs:6 one:2 net:2 1:2 343:1 000:8 49:1 revs:2 6:1 778:1 976:1 year:1 67:1 ten:1 4:1 693:1 672:1 14:1 0:1 mln:1 7:1 034:1 note:1 1986:1 include:1 time:1 3:1 624:1 dlrs:1 write:1 certain:1 silver:1 oil:1 gas:1 interest:1
|
COEUR D'ALENE MINES CORP <COUR> 4TH QTR LOSS
Shr loss 18 cts vs loss one ct
Net loss 1,343,000 vs loss 49,000
Revs 6,778,000 vs 1,976,000
Year
Shr loss 67 cts vs loss ten cts
Net loss 4,693,000 vs loss 672,000
Revs 14.0 mln vs 7,034,000
Note: 1986 loss included one-time loss of 3,624,000 dlrs on
write-off of certain silver, oil and gas interests.
|
training/7390
|
training/7390 |@title u:2 exporter:2 report:2 143:2 000:2 tonne:2 corn:2 sell:2 taiwan:2 1986:2 87:2 1987:2 88:2 |@word
|
U.S. EXPORTERS REPORT 143,000 TONNES CORN SOLD TO TAIWAN FOR 1986/87, 1987/88
U.S. EXPORTERS REPORT 143,000 TONNES CORN SOLD TO TAIWAN FOR 1986/87, 1987/88
|
training/7391
|
training/7391 |@title talk:1 point:1 american:1 express:1 axp:1 |@word american:12 express:11 co:6 plan:2 sell:7 stake:4 shearson:13 lehman:1 brothers:1 believe:2 prelude:1 public:7 offering:2 share:2 brokerage:6 unit:2 analyst:9 say:20 earlier:1 general:1 understanding:1 nippon:6 life:2 insurance:1 japan:1 13:2 pct:6 interest:1 530:2 mln:3 dlrs:2 statement:4 trigger:1 rise:4 stock:4 investor:2 speculate:3 possibility:2 investment:4 u:5 industry:1 japanese:4 concern:1 firm:4 also:3 climb:2 response:1 relatively:1 high:1 value:4 put:1 represent:1 price:1 2:2 7:3 time:2 book:2 perrin:1 long:3 lipper:1 analytical:1 depress:1 somewhat:1 dark:1 cloud:1 insider:1 trading:2 scandal:1 close:2 february:1 market:3 1:7 8:7 today:2 78:1 4:6 3:3 last:3 several:1 week:1 strong:1 rumor:1 spinoff:1 part:1 benefit:1 door:1 open:1 increasingly:1 important:1 tokyo:1 financial:3 think:2 honesty:1 preliminary:1 step:1 see:1 probably:1 future:1 additional:1 17:1 vehicle:1 normally:1 make:2 major:1 capital:7 commitment:1 illiquid:1 situation:1 previously:1 20:2 may:1 like:1 bank:2 need:2 expand:3 globally:1 total:1 employee:1 1987:1 internationally:1 however:2 number:1 substantially:1 low:1 growth:3 year:2 company:6 spokesman:1 official:1 would:2 comment:1 beyond:1 morning:1 option:3 david:1 anthony:1 smith:1 barney:1 possible:1 partially:1 digest:1 first:2 figure:1 go:1 money:3 joan:1 goodman:1 pershing:1 could:1 determine:1 service:2 giant:1 continue:2 study:2 various:1 addition:1 range:1 capacity:1 meet:1 international:1 competition:1 broaden:1 access:1 reflect:1 integral:1 role:1 worldwide:1 strategy:1 follow:2 goldman:2 sachs:1 find:1 partner:1 12:1 5:2 sumitomo:1 exchange:1 500:1 dlr:1 infusion:1 match:1 broker:2 expertise:2 enough:1 internal:1 wertheim:1 james:1 hanbury:2 flush:1 cash:1 interested:1 opportunity:1 use:1 nice:1 marriage:1 morgan:1 stanley:1 ms:1 74:1 boston:1 corp:1 fbc:1 one:1 51:1 e:1 f:1 hutton:1 group:2 efh:1 41:1 painewebber:2 pwj:1 37:1 merrill:1 lynch:1 recommend:1 45:1
|
TALKING POINT/AMERICAN EXPRESS <AXP>
American Express Co's plan to sell a
stake in its Shearson Lehman Brothers is believed to be a
prelude to a public offering of shares in the brokerage unit,
analysts said.
American Express earlier said it has a general
understanding with Nippon Life Insurance Co of Japan to sell a
13 pct interest in Shearson for 530 mln dlrs.
The statement triggered a rise in other brokerage stocks,
as investors speculated on the possibility of more investment
in the U.S. brokerage industry by Japanese concerns.
The stocks of brokerage firms also climbed in response to
the relatively high value Nippon put on its stake in the U.S.
firm. Analysts said the 530 mln dlrs for 13 pct represents a
price of 2.7 times book value.
Perrin Long of Lipper analytical said the brokerage stocks,
depressed somewhat by the dark cloud of the U.S. insider
trading scandal, closed out February at a market value of 1.8
times book value.
American Express was trading today at 78-1/4, off 3/8. For
the last several weeks, the stock has been strong on rumors of
a spinoff of part of Shearson.
Analysts said American Express and its Shearson unit will
benefit from the doors Nippon Life can open to the increasingly
important Tokyo financial markets.
'I think this, in all honesty, is a preliminary step,' said
Long.
'What you will see probably in the future is American
Express selling an additional 17 pct in the public market and
have a public vehicle for Shearson,' Long said.
'Normally, investors do not make a major capital commitment
into an illiquid situation,' he said of Nippon.
Some analysts previously speculated a 20 pct stake in
Shearson might be sold to the public. They said the firm, like
other investment banks, needs capital to expand globally.
American express has said the total employees of shearson
will expand by 20 pct in 1987 internationally. However, that
number is substantially lower than growth last year, a company
spokesman said.
American Express officials would not comment beyond a
statement made this morning. That statement, however, did not
close off the possibility of a public offering or other option
for Shearson.
David Anthony, a Smith Barney analyst, said it is possible
Shearson would be partially sold to the public. But he believes
the firm will digest the Nippon investment first.
'I think they'll figure out what they're going to do with
the money they have,' he said.
Joan Goodman, an analyst with Pershing and Co, also said
American Express could determine to sell shares to the public.
In its statement, the financial services giant said it is
continuing to study various plans for Shearson in addition to
the investment by Nippon.
American Express said options under study range from
expanding Shearson's capacity to meet international competition
to broadening its access to capital.
American Express also said the options reflect the
continuing integral role of Shearson in American Express'
worldwide financial services strategy.
Shearson follows Goldman, Sachs and Co in finding a
Japanese partner. Goldman last year sold a 12.5 pct stake to
Sumitomo Bank in exchange for a 500 mln dlr capital infusion.
Analysts speculated there will be more such matches.
'Those (U.S. brokers) companies have the expertise. They
don't have the money. There's just not enough internal capital
growth,' said Wertheim analyst James Hanbury, who follows other
U.S. brokerage companies.
Hanbury said some Japanese companies, flush with cash, are
interested in the expertise of American brokers. 'Those
(Japanese) companies have the capital and our companies have
the capital needs and the growth opportunities to use the
money. That's a nice marriage,' he said.
Morgan Stanley and Co <MS> rose 4-1/4 to 74-7/8. First
Boston Corp <FBC> was up one to 51-1/4. E.F. Hutton Group <EFH>
rose 1-1/4 to 41-1/8, and PaineWebber Group <PWJ> climbed 7/8
to 37-3/4. Merrill Lynch and Co, recommended today by a
PaineWebber analyst, rose 2-5/8 to 45-3/8.
|
training/7394
|
training/7394 |@title italian:1 panel:1 urge:1 exchange:1 liberalization:1 |@word liberalization:3 italy:3 foreign:1 exchange:1 control:1 gradual:2 also:2 reasonably:1 rapid:1 report:3 issue:1 study:1 committee:1 nominate:1 italian:1 treasury:1 ministry:1 say:2 look:1 country:1 financial:1 development:1 prospect:1 large:1 public:2 sector:1 deficit:1 grow:1 debt:1 among:1 consideration:1 make:1 preferable:1 favour:1 retention:1 lira:2 six:1 pct:1 oscillation:1 band:1 european:2 monetary:1 system:1 ems:2 process:1 order:1 lessen:1 short:1 term:1 domestic:1 interest:1 rate:1 fluctuation:2 could:1 result:1 portfolio:1 adjustment:1 margin:1 currently:1 significantly:1 high:1 allow:1 currencies:1 recent:1 month:1 announce:1 series:1 deregulation:1 move:1 response:1 community:1 directive:1 aim:1 create:1 genuine:1 common:1 market:1 good:1 service:1 finance:1 1992:1
|
ITALIAN PANEL URGES EXCHANGE LIBERALIZATION
Liberalization of Italy's foreign exchange
controls should be 'gradual' but also 'reasonably rapid,' a report
issued by a study committee nominated by the Italian Treasury
Ministry said.
The report, looking at the country's financial development
prospects, said Italy's large public sector deficit and growing
public debt were among the considerations that made a gradual
liberalization preferable.
The report also favoured retention of the lira's six pct
oscillation band with the European Monetary System (EMS) during
the liberalization process in order to lessen short-term
domestic interest rate fluctuations which could result from
portfolio adjustments.
The lira's fluctuation margin is currently significantly
higher than that allowed for other EMS currencies.
Italy has over recent months announced a series of
deregulation moves in response to a European Community
directive aimed at creating a genuine common market in goods,
services and finance by 1992.
|
training/7395
|
training/7395 |@title usda:1 report:1 corn:1 sell:1 ussr:1 taiwan:1 |@word u:3 agriculture:1 department:2 say:3 private:1 exporter:2 report:2 new:1 sale:3 900:1 000:4 tonne:5 corn:6 soviet:1 union:1 350:1 switch:1 previously:1 announce:1 unknown:1 destination:1 ussr:3 delivery:3 1986:2 87:2 marketing:2 year:5 fourth:2 long:1 term:1 grain:1 supply:1 agreement:2 usda:1 also:1 143:1 taiwan:1 56:1 shipment:2 season:1 balance:1 1987:1 88:1 begin:1 september:2 1:1 end:1 30:1 total:1 2:1 25:1 mln:1
|
USDA REPORTS CORN SOLD TO USSR, TAIWAN
The U.S. Agriculture Department said
private U.S. exporters reported new sales of 900,000 tonnes of
corn to the Soviet Union and 350,000 tonnes of corn switched
from previously announced unknown destinations to the USSR.
The corn is for delivery during the 1986/87 marketing year
and under the fourth year of the U.S.-USSR Long Term Grain
Supply Agreement, the USDA said.
The department said exporters also reported corn sales of
143,000 tonnes for delivery to Taiwan, with 56,000 tonnes for
shipment in the 1986/87 season and the balance for shipment in
the 1987/88 year.
The marketing year for corn began September 1.
Sales of corn to the USSR for delivery during the fourth
year of the agreement, which ends this September 30, now total
2.25 mln tonnes.
|
training/7397
|
training/7397 |@title caltex:1 raise:1 singapore:1 oil:1 product:1 price:1 |@word caltex:2 petroleum:2 corp:2 joint:1 venture:1 chevron:1 chv:1 texaco:1 inc:1 tx:1 say:5 raise:2 post:1 price:1 several:1 product:1 singapore:1 effective:1 today:1 company:2 naphtha:1 posting:3 three:1 ct:8 gallon:2 43:1 jet:2 kerosene:2 2:1 5:4 bring:2 52:4 51:1 diesel:3 grade:1 two:1 gas:2 oil:3 one:2 pct:2 sulfur:1 57:1 55:1 cetane:1 0:1 increase:1 medium:2 heavy:2 fuel:2 dlr:1 barrel:2 15:1 50:1 dlrs:2 14:1 75:1
|
CALTEX RAISES SINGAPORE OIL PRODUCT PRICES
Caltex Petroleum Corp, a joint venture
between Chevron Corp <CHV> and Texaco Inc <TX>, said it raised
posted prices for several petroleum products in Singapore,
effective today.
The company said its naphtha posting is up three cts a
gallon to 43 cts. It said it is raising jet and kerosene
postings 2.5 cts, bringing jet to 52.5 cts and kerosene to 51.5
cts.
Diesel grades are up two cts, Caltex said, bringing both
diesel gas oil (one pct sulfur) and 52-57 D.I. (55 cetane) to
52 cts a gallon, and diesel gas oil (0.5 pct) to 52 cts.
The company said it is increasing medium and heavy fuel oil
postings by one dlr a barrel. Medium is now 15.50 dlrs a
barrel, and heavy fuel is 14.75 dlrs.
|
training/7398
|
training/7398 |@title pension:1 insurance:1 group:1 pgai:1 4th:1 qtr:1 net:1 |@word shr:2 profit:6 two:3 ct:4 vs:6 net:2 216:1 000:8 265:1 revs:2 1:2 661:1 376:1 12:1 mth:1 four:1 loss:2 528:1 290:1 5:2 881:1 541:1 note:1 full:1 name:1 company:1 pension:1 insurance:1 group:1 america:1 inc:1
|
PENSION INSURANCE GROUP <PGAI> 4TH QTR NET
Shr profit two cts vs profit two cts
Net profit 216,000 vs profit 265,000
Revs 1,661,000 vs 1,376,000
12 mths
Shr profit four cts vs loss two cts
Net profit 528,000 vs loss 290,000
Revs 5,881,000 vs 5,541,000
NOTE: full name of company is pension insurance group of
america inc.
|
training/74
|
training/74 |@title atico:1 financial:1 corp:1 atfc:1 4th:1 qtr:1 net:1 |@word shr:2 30:1 ct:2 vs:6 5:2 92:1 dlrs:4 net:4 1:1 142:1 000:2 16:2 0:1 mln:7 revs:2 10:1 6:2 24:2 2:2 year:1 90:1 20:1 3:1 320:1 9:2 45:1 00:1 26:1 note:1 1986:2 4th:2 qtr:2 yr:2 amount:1 include:2 acquisition:1 98:1 8:1 pct:1 common:3 atico:1 formerly:1 peninsula:1 federal:1 savings:1 loan:1 association:1 january:1 1985:1 gain:1 15:1 86:1 per:1 share:1 exchange:1 pan:1 america:1 banks:1 inc:1 ncnb:1 corp:1 purusant:1 merger:1 company:1
|
ATICO FINANCIAL CORP <ATFC> 4TH QTR NET
Shr 30 cts vs 5.92 dlrs
Net 1,142,000 vs 16.0 mln
Revs 10.6 mln vs 24.2 mln
Year
Shr 90 cts vs 6.20 dlrs
Net 3,320,000 vs 16.9 mln
Revs 45.00 mln vs 26.2 mln
NOTE: 1986 4th qtr and yr amounts include acquisition of
98.8 pct of common of Atico, formerly Peninsula Federal Savings
and Loan Association, on January 24, 1986.
1985 4th qtr and yr net include net gain of 15.9 mln dlrs
or 5.86 dlrs per share on exchange of common of Pan America
Banks Inc for common of NCNB Corp purusant to a merger of the
companies.
|
training/7404
|
training/7404 |@title sea:1 containers:1 ltd:1 scr:1 4th:1 qtr:1 loss:1 |@word shr:2 loss:6 4:3 95:1 dlrs:3 vs:7 75:1 ct:1 net:2 48:2 2:2 mln:7 644:1 000:1 revs:2 133:1 135:1 6:3 12:1 mth:1 28:1 profit:2 67:1 25:1 7:1 638:1 9:1 573:1 1:1 avg:1 shrs:1 10:2 771:1 260:1 355:1 728:1
|
SEA CONTAINERS LTD <SCR> 4TH QTR LOSS
Shr loss 4.95 dlrs vs loss 75 cts
Net loss 48.2 mln vs loss 4,644,000
Revs 133.4 mln vs 135.6 mln
12 mths
Shr loss 6.28 dlrs vs profit 2.48 dlrs
Net loss 67.6 mln vs profit 25.7 mln
Revs 638.9 mln vs 573.1 mln
Avg shrs 10,771,260 vs 10,355,728
|
training/7406
|
training/7406 |@title latin:1 coffee:1 producer:1 seek:1 ico:1 price:1 support:1 |@word weekend:1 meeting:1 latin:1 american:1 coffee:3 producer:1 call:1 international:1 organisation:1 ico:2 start:1 talk:1 aim:1 firm:1 price:2 nicaraguan:1 foreign:1 trade:1 minister:1 alejandro:1 martinez:2 cuenca:2 say:2 country:1 confirm:1 presence:1 brazil:1 mexico:1 guatemala:1 el:1 salvador:1 costa:1 rica:1 panama:1 colombia:1 invite:1 know:1 would:1 attend:1 tell:1 reporter:1 central:1 america:1 alone:1 lose:1 700:1 mln:1 dlrs:1 weakness:1 world:1 partially:1 cause:1 lack:1 quota:1 agreement:1
|
LATIN COFFEE PRODUCERS SEEK ICO PRICE SUPPORT
This weekend's meeting of Latin
American coffee producers here will call for the International
Coffee Organisation (ICO) to start talks aimed at firming
prices, Nicaraguan foreign trade minister Alejandro Martinez
Cuenca said.
He said those countries which had confirmed their presence
were Brazil, Mexico, Guatemala, El Salvador, Costa Rica and
Panama. Colombia had been invited but he did not know if it
would attend.
Martinez Cuenca told reporters central america alone had
lost some 700 mln dlrs through the weakness of world coffee
prices, partially caused by lack of an ICO quota agreement.
|
training/7407
|
training/7407 |@title ambassador:1 financial:1 afgi:1 unit:1 buy:1 builder:1 |@word ambassador:4 financial:1 group:1 inc:2 say:3 real:1 estate:1 equities:1 corp:1 agree:2 buy:1 heritage:4 quality:1 construction:1 co:1 unit:1 would:1 purchase:1 100:1 pct:2 stock:1 initial:1 payment:2 approximately:1 500:1 000:2 dlrs:2 subsequent:1 cash:1 five:1 year:1 period:1 equal:1 50:1 net:1 tax:1 profit:1 acquisition:1 consummate:1 contribute:1 250:1 exist:1 capital:1
|
AMBASSADOR FINANCIAL <AFGI> UNIT TO BUY BUILDER
Ambassador Financial Group Inc
said its Ambassador Real Estate Equities Corp, agreed to buy
Heritage Quality Construction Co Inc.
Ambassador said its unit would purchase 100 pct of
Heritage's stock for an initial payment of approximately
500,000 dlrs and subsequent payments in cash over a five-year
period equal to 50 pct of the net after-tax profit of Heritage.
If the acquisition is consummated, Ambassador said it
agreed to contribute 250,000 dlrs to the existing capital of
Heritage.
|
training/7408
|
training/7408 |@title transco:1 partnership:1 txp:1 gas:1 reserve:1 rise:1 |@word transco:6 exploration:3 partners:1 ltd:1 say:6 participation:1 14:1 new:1 discovery:1 increase:1 proved:1 gas:6 reserve:3 558:1 1:5 billion:3 cubic:5 foot:5 1986:3 541:1 5:1 previous:1 year:3 prove:1 liquid:1 remain:1 25:1 mln:4 barrel:3 company:4 annual:2 release:1 energy:2 co:1 e:1 majority:1 owner:1 partnership:2 anticipate:1 oil:2 price:2 1987:1 would:1 continue:1 exert:1 pressure:1 profitability:1 pipeline:2 system:1 reach:1 permanent:1 take:2 pay:3 settlement:1 half:1 committed:1 deliverability:2 interim:1 agreement:1 another:1 38:1 pct:1 report:1 total:1 363:1 dlrs:5 producer:1 februry:1 one:1 550:1 dlr:1 settle:1 dispute:1 deliver:1 2:1 trillion:1 last:2 marketing:1 affiliate:1 sell:1 average:3 6:1 per:4 day:1 receive:1 84:1 sale:2 3:1 04:1 1985:2 condensate:1 15:1 86:1 27:1 41:1
|
TRANSCO PARTNERSHIP <TXP> GAS RESERVES RISE
Transco Exploration Partners Ltd said
participation in 14 new discoveries increased its proved gas
reserves to 558.1 billion cubic feet in 1986, up from 541.5
billion cubic feet in the previous year.
Proved reserves of liquids remained about the same at 25.1
mln barrels, the company said in the 1986 annual just released
by Transco Energy Co <E>, the majority owner of the Transco
Exploration partnership.
Transco said that anticipated oil and gas prices during
1987 would continue to exert pressure on the profitability of
most energy companies.
The Transco pipeline system reached permanent take-or-pay
settlements on about half its committed gas deliverability and
interim agreements for another 38 pct of its deliverability,
the annual report said. The company said it paid a total of
about 363 mln dlrs to producers through Februry one out of its
550 mln dlr reserve to settle the take-or-pay disputes.
Transco said its gas pipeline delivered more than 1.2
trillion cubic feet last year and its marketing affiliate sold
an average of 1.6 billion cubic feet of gas per day.
The company's exploration partnership received an average
price of 1.84 dlrs per mln cubic feet for gas sales during
1986, down from 3.04 dlrs in 1985.
Sales of oil and condensate averaged 15.86 dlrs per barrel
last year, down from 27.41 dlrs per barrel in 1985.
|
training/741
|
training/741 |@title foote:1 mineral:1 fte:1 sell:1 cambridge:1 plant:1 |@word foote:2 mineral:1 co:1 say:2 sign:2 letter:1 intent:1 shieldalloy:1 corp:1 wholly:1 subsidiary:1 metallurg:1 inc:1 sale:2 cambridge:1 ohio:1 business:1 company:2 explain:1 great:1 detail:1 definitive:1 agreement:1 part:1 previously:1 announce:1 plan:1 sell:1 entire:1
|
FOOTE MINERAL <FTE> SELLS CAMBRIDGE PLANT
Foote Mineral Co said it signed a
letter of intent with Shieldalloy Corp, a wholly-owned
subsidiary of <Metallurg Inc>, for the sale of its Cambridge,
Ohio, business.
The company said the sale, which will be explained in
greater detail after the definitive agreement has been signed,
is part of Foote's previously-announced plan to sell the entire
company.
|
training/7410
|
training/7410 |@title royal:1 gold:1 silver:1 corp:1 1st:1 qtr:1 net:1 |@word end:1 january:1 31:1 shr:1 profit:2 two:1 ct:2 vs:3 loss:2 one:1 net:1 130:1 000:4 46:1 sale:2 5:1 042:1 nil:1 note:1 1987:1 include:1 gain:1 112:1 dlrs:1
|
<ROYAL GOLD AND SILVER CORP> 1ST QTR NET
ended January 31
Shr profit two cts vs loss one ct
Net profit 130,000 vs loss 46,000
Sales 5,042,000 vs nil
Note: 1987 includes gain of 112,000 dlrs from sale.
|
training/7413
|
training/7413 |@title jp:1 stevens:1 co:1 inc:1 stn:1 set:1 payout:1 |@word qtrly:1 div:1 30:3 ct:2 vs:1 prior:1 pay:1 april:2 record:1 3:1
|
JP STEVENS AND CO INC <STN> SETS PAYOUT
Qtrly div 30 cts vs 30 cts prior
Pay April 30
Record April 3
|
training/7419
|
training/7419 |@title n:2 business:2 loan:2 fall:2 572:2 mln:2 dlrs:2 march:2 11:2 week:2 fed:2 say:2 |@word
|
N.Y. BUSINESS LOANS FALL 572 MLN DLRS IN MARCH 11 WEEK, FED SAYS
N.Y. BUSINESS LOANS FALL 572 MLN DLRS IN MARCH 11 WEEK, FED SAYS
|
training/742
|
training/742 |@title u:1 wheat:1 group:1 call:1 global:1 action:1 |@word major:2 grain:4 produce:2 country:2 must:1 part:1 help:1 reduce:3 global:1 surplus:1 recent:2 australian:3 farm:1 policy:1 proposal:4 flaw:1 two:3 u:9 wheat:6 organization:4 say:8 good:1 starting:1 point:1 discussion:3 want:1 australians:1 feel:1 alone:1 develop:1 agenda:1 world:4 trade:3 president:2 national:1 association:1 grower:2 nawg:2 chairman:1 associates:1 letter:1 agriculture:2 secretary:1 richard:1 lyng:1 representative:1 clayton:1 yeutter:1 future:1 international:1 include:2 three:1 topic:1 commitment:2 privatization:1 government:2 run:1 export:1 trading:1 entity:2 public:1 disclosure:1 sale:1 term:1 involve:1 recognition:1 supply:2 reduction:2 keep:1 price:3 high:2 otherwise:1 would:2 welcome:1 total:1 agreement:2 assessment:1 australia:2 aim:1 target:1 quarantine:1 stock:3 continue:2 place:1 burden:1 adjustment:1 reform:1 farmer:1 benefit:1 result:1 past:1 acreage:1 crop:1 program:2 hurt:1 economically:1 subsidize:1 foreign:1 production:1 unilaterally:1 change:1 protect:1 jim:1 miller:2 sincerely:1 hope:1 type:1 among:1 nation:1 restore:1 profitability:1
|
U.S. WHEAT GROUPS CALL FOR GLOBAL ACTION
All major grain producing countries
must do their part to help reduce global surpluses and the
recent Australian farm policy proposals are flawed, two U.S.
wheat organizations said.
The recent Australian proposals were a good starting point
for discussions, 'but we do not want the Australians to feel
they are alone in developing an agenda for discussions' on world
grain trade, the president of the National Association of Wheat
Growers, NAWG, and the chairman of U.S. Wheat Associates said
in a letter to U.S. Agriculture Secretary Richard Lyng and U.S.
Trade Representative Clayton Yeutter.
Future discussions on international wheat trade should
include three topics -- a commitment to privatization of
government-run export trading entities, a commitment to public
disclosure of sales and other terms if government entities are
involved, and a recognition that supply reductions by the U.S.
have kept world prices higher than they otherwise would be, the
two organizations said
While the Australian proposals are welcome the two
organizations said they are not in total agreement with their
assessments.
Australia's proposals, which aim to reduce U.S. target
prices and 'quarantine' U.S. wheat stocks, would continue to
place the burden of supply adjustment and reform on U.S.
farmers, they said.
Other countries, including Australia, have benefitted
from the higher world prices that have resulted from past U.S.
acreage and crop reduction programs, the organizations said.
'We will not continue to hurt ourselves economically -- and
subsidize foreign wheat production -- by unilaterally stocking
grain and changing programs which protect our growers,' Jim
Miller, president of NAWG said.
'We sincerely hope for some type of agreement among the
world's major grain producing nations to reduce stocks and
restore profitability to agriculture,' Miller said.
|
training/7420
|
training/7420 |@title u:2 commercial:2 paper:2 rise:2 2:2 98:2 billion:2 dlrs:2 march:2 11:2 week:2 fed:2 say:2 |@word
|
U.S. COMMERCIAL PAPER RISES 2.98 BILLION DLRS IN MARCH 11 WEEK, FED SAYS
U.S. COMMERCIAL PAPER RISES 2.98 BILLION DLRS IN MARCH 11 WEEK, FED SAYS
|
training/7421
|
training/7421 |@title new:1 york:1 business:1 loan:1 drop:1 572:1 mln:1 dlrs:1 |@word commercial:2 industrial:1 loan:3 book:1 10:1 major:1 new:2 york:2 bank:2 exclude:1 acceptance:2 fall:2 572:1 mln:2 dlrs:3 64:1 297:1 billion:4 week:1 end:1 march:1 11:1 federal:1 reserve:1 say:1 include:1 475:1 65:1 16:1 paper:1 outstanding:1 nationally:1 increase:1 2:1 98:1 339:1 00:1 national:1 business:1 datum:1 schedule:1 release:1 friday:1
|
NEW YORK BUSINESS LOANS DROP 572 MLN DLRS
Commercial and industrial loans on the
books of the 10 major New York banks, excluding acceptances,
fell 572 mln dlrs to 64.297 billion in the week ended March 11,
the Federal Reserve Bank of New York said.
Including acceptances, loans fell 475 mln dlrs to 65.16
billion.
Commercial paper outstanding nationally increased 2.98
billion dlrs to 339.00 billion.
National business loan data are scheduled to be released on
Friday.
|
training/7423
|
training/7423 |@title amoco:1 oil:1 reserve:1 gas:1 1986:1 |@word amoco:6 corp:1 petroleum:1 liquid:2 reserve:8 total:4 2:3 42:1 billion:9 barrel:5 end:1 1986:2 77:1 year:5 earlier:1 natural:3 gas:5 increase:1 15:2 37:1 trillion:3 cubic:5 foot:5 14:2 company:2 annual:1 report:3 say:8 drop:2 crude:1 oil:3 reflect:1 downward:2 revision:4 previous:1 estimate:1 cause:1 sharp:1 price:3 last:3 account:1 178:1 mln:4 worldwide:2 188:1 158:1 occur:1 united:2 states:2 upward:1 size:1 404:1 discover:1 568:1 purchase:2 298:1 production:1 one:1 offset:1 much:1 gain:1 well:1 buy:1 note:1 spend:1 1:2 dlrs:3 acquire:1 u:1 produce:1 property:1 past:1 three:1 comment:1 1987:3 acquisition:1 integral:1 part:1 strategy:1 become:1 available:1 attractive:2 expect:1 marketing:1 climate:1 improve:2 provide:1 opportunity:2 expand:1 sale:1 demand:1 poise:1 accelerate:1 capital:2 spending:3 inventory:1 previously:1 announce:1 budget:1 3:2 18:1 5:1 31:1 1985:1
|
AMOCO <AN> OIL RESERVES DOWN, GAS UP IN 1986
Amoco Corp's petroleum liquids reserves
total 2.42 billion barrels at the end of 1986, down from 2.77
billion a year earlier, but its natural gas reserves increased
to 15.37 trillion cubic feet from 15.14 trillion, the company's
annual report said.
It said the drop in crude oil and natural gas liquid
reserves reflected downward revisions of previous estimates
caused by the sharp drop in oil prices last year. This
accounted for 178 mln barrels of a worldwide downward revision
of 188 mln barrels, with 158 mln barrels of the total revision
occurring in the United States, the report said.
Amoco said there were upward revisions in the size of its
worldwide gas reserves totalling 404 billion cubic feet last
year, while it discovered 568 billion cubic feet and purchased
298 billion cubic feet of reserves.
Production of one trillion cubic feet offset much of these
gains, the report said.
All of the gas reserve purchases, as well as all of the 14
mln barrels of oil reserves bought in 1986, were in the United
States, Amoco said, noting it has spent 1.1 billion dlrs to
acquire U.S. producing properties over the past three years.
Commenting on 1987, Amoco said acquisitions 'will be an
integral part of our strategy, should reserves become available
at attractive prices.'
The company said it expects 'the marketing climate for
natural gas to improve in 1987, which should provide the
opportunity for Amoco to expand sales. As prices and demand
improve, we are poised to accelerate capital spending on our
inventory of attractive opportunities.'
Amoco previously announced a 1987 capital spending budget
of 3.2 billion dlrs. Such spending totaled 3.18 billion dlrs
last year, down from 5.31 billion in 1985.
|
training/7424
|
training/7424 |@title quebec:1 caisse:1 earn:1 three:1 billion:1 dlrs:1 1986:1 |@word caisse:4 de:1 depot:1 et:1 placement:1 du:1 quebec:3 government:5 agency:5 manage:1 province:1 pension:1 fund:3 say:6 investment:2 portfolio:4 earn:2 net:1 profit:1 almost:1 three:1 billion:4 canadian:2 dlrs:7 1986:3 increase:1 300:1 mln:4 1985:1 annual:1 statement:1 asset:2 total:3 book:1 value:2 25:1 market:1 28:1 end:1 holding:2 rate:1 return:3 13:2 5:3 pct:8 year:5 average:1 16:1 past:2 four:1 14:2 2:2 eight:1 foreign:1 equity:1 represent:1 3:1 6:1 u:3 security:5 account:1 another:1 overall:2 yield:1 20:1 7:2 significantly:1 either:1 1:1 bond:3 management:1 high:1 liquidity:1 hold:1 temporary:1 basis:1 purpose:1 strategy:1 protection:1 efficient:1 9:1 invest:1 private:1 sector:1 business:1 channel:1 965:1 new:3 area:1 acquire:1 825:1 342:1 issuer:1
|
QUEBEC CAISSE EARNS THREE BILLION DLRS IN 1986
Caisse de depot et placement du
Quebec, the government agency which manages the province's
pension funds, said its investment portfolio earned a net
profit of almost three billion Canadian dlrs in 1986, an
increase of 300 mln dlrs over 1985.
The agency said in its annual statement that it had assets
with a total book value of 25 billion dlrs, or a market value
of 28 billion dlrs, at the end of 1986.
These holdings had a rate of return of 13.5 pct in the
year, which was below the Caisse's average return of 16 pct in
the past four years and 14.2 pct in the past eight years.
The Caisse said foreign equity investments represented 3.6
pct of total assets, while U.S. government securities accounted
for another 5.2 pct of the overall portfolio.
The agency's holding of U.S. government securities yielded
a return of 20.7 pct for the year, significantly more than
either the 14.1 pct earned on the total bond portfolio or the
13.5 pct for all funds under management.
'These high liquidity securities, which are held on a
temporary basis and for purposes of strategy and the protection
of the overall bond portfolio, have been efficient,' the agency
said of the U.S. securities.
The agency said it has 7.9 billion dlrs invested in
Canadian private sector businesses after channeling 965 mln
dlrs of new funds into this area in 1986.
The Caisse said it acquired 825 mln of new Government of
Quebec bonds and 342 mln dlrs of new securities from other
Quebec government issuers during the year.
|
training/7425
|
training/7425 |@title u:2 1:2 money:2 supply:2 rise:2 500:2 mln:2 dlrs:2 march:2 9:2 week:2 fed:2 say:2 |@word
|
U.S. M-1 MONEY SUPPLY RISES 500 MLN DLRS IN MARCH 9 WEEK, FED SAYS
U.S. M-1 MONEY SUPPLY RISES 500 MLN DLRS IN MARCH 9 WEEK, FED SAYS
|
training/7426
|
training/7426 |@title u:2 bank:2 discount:2 borrowing:2 average:2 228:2 mln:2 dlrs:2 day:2 march:2 18:2 week:2 fed:2 say:2 |@word
|
U.S. BANK DISCOUNT BORROWINGS AVERAGE 228 MLN DLRS A DAY IN MARCH 18 WEEK, FED SAYS
U.S. BANK DISCOUNT BORROWINGS AVERAGE 228 MLN DLRS A DAY IN MARCH 18 WEEK, FED SAYS
|
training/7427
|
training/7427 |@title asea:1 group:1 aseay:1 see:1 flat:1 1987:1 earning:1 |@word asea:4 group:1 diversify:1 industrial:1 concern:1 base:1 vasteras:1 sweden:1 say:4 expect:1 1987:2 earning:2 financial:1 income:1 expense:1 flat:1 compare:1 1986:4 earn:1 2:1 53:1 billion:7 swedish:1 crown:5 371:1 1:1 mln:3 dlrs:5 company:2 spokesman:2 result:1 boost:1 significantly:1 booking:1 two:1 large:1 order:3 nuclear:1 power:3 plant:1 gain:1 balance:1 return:1 profitability:1 transmission:2 segment:1 loss:1 183:1 26:1 9:2 last:1 year:1 currency:1 conversion:1 make:1 6:2 81:1 dlr:1 build:1 strong:1 backlog:2 contribute:1 1988:1 beyond:1 yearend:1 stand:1 32:1 7:1 4:2 8:2 30:1 5:1 end:1 1985:1 operation:1 generation:1 transportation:1 equipment:1 pollution:1 control:1 robotic:1 total:1 sale:1 46:1
|
ASEA GROUP <ASEAY> SEES FLAT 1987 EARNINGS
Asea Group, the diversified industrial
concern based in Vasteras, Sweden, said it expects 1987
earnings, after financial income and expense, to be flat
compared with 1986, when it earned 2.53 billion Swedish crowns,
or 371.1 mln dlrs.
A company spokesman said 1986 results were boosted
significantly by the booking of two large orders for nuclear
power plants.
This gain, he said, will be balanced in 1987 by a return to
profitability by Asea's power transmission segment, which had a
loss of 183 mln crowns, or 26.9 mln dlrs, last year.
Currency conversions were made at 6.81 crowns to the dlr.
The spokesman said the company has built up a strong
backlog of orders that will contribute to earnings in 1988 and
beyond.
At yearend 1986, Asea's order backlog stood at 32.7 billion
crowns, or 4.8 billion dlrs, up from 30.9 billion, or 4.5
billion dlrs, at the end of 1985.
Asea has operations in power generation and transmission,
transportation equipment, pollution control and robotics.
Total sales in 1986 were 46 billion crowns, or 6.8 billion
dlrs.
|
training/7428
|
training/7428 |@title u:2 bank:1 discount:1 borrowing:1 228:1 mln:1 dlrs:1 |@word bank:6 discount:2 window:2 borrowing:5 less:1 extended:2 credit:2 average:4 228:1 mln:13 dlrs:13 week:10 wednesday:2 march:3 18:1 federal:1 reserve:3 say:2 total:1 rise:1 83:1 502:1 three:1 274:1 first:3 half:1 two:2 statement:3 period:3 net:3 prior:1 148:1 comment:1 end:1 11:1 fed:4 estimate:1 daily:1 free:1 759:1 rather:1 660:1 report:1 spokesman:3 tell:1 press:1 briefing:1 large:3 single:1 day:2 miss:1 projection:1 late:1 none:1 14:1 money:1 center:1 borrow:1 make:1 small:2 whole:1 split:1 roughly:1 evenly:1 regional:1 natural:1 float:4 range:1 low:1 near:1 zero:1 thursday:1 could:1 give:1 particular:1 reason:1 high:1 nearly:1 750:1 tuesday:3 peak:2 include:1 100:1 transportation:2 mid:1 south:1 atlantic:1 state:1 note:1 weather:1 basically:1 good:1 500:2 full:1 relate:1 ofs:2 negative:1 400:1 wenesday:1 due:1 number:1 unrelated:1 cash:1 letter:1 error:1 correction:1 five:1 district:1
|
U.S. BANK DISCOUNT BORROWINGS 228 MLN DLRS
U.S. bank discount window borrowings
less extended credits averaged 228 mln dlrs in the week to
Wednesday March 18, the Federal Reserve said.
Total borrowings in the week rose 83 mln dlrs to 502 mln
dlrs, with extended credits up three mln dlrs at 274 mln dlrs.
The week was the first half of a two-week statement period. Net
borrowing in the prior week averaged 148 mln dlrs.
Commenting on the two-week statement period that ended on
March 11, the Fed estimated that banks had daily average net
free reserves of 759 mln dlrs rather than the 660 mln dlrs
first reported.
A Fed spokesman told a press briefing that there were no
large single day net misses in the Fed's reserve projections in
the first week of the latest bank statement period.
None of the 14 large money center banks borrowed from the
discount window during the week and all of the Wednesday
borrowing was made by the smallest banks. For the week as a
whole, the borrowing was split roughly evenly between the large
regionals and the small banks.
Natural float ranged from a low of near zero on Thursday --
for which the Fed spokesman could give no particular reason --
to a high of nearly 750 mln dlrs on Tuesday.
The Tuesday peak included about 100 mln dlrs of
transportation float in mid- and south-Atlantic states. Noting
that the weather was 'basically good' for March, the spokesman
said that transportation float averaged under 500 mln dlrs a
day for the full week.
Float related as-ofs were a negative 400 mln dlrs on
Wenesday due to a number of unrelated cash letter error
corrections in five districts.
As-ofs peaked at just over 500 mln dlrs on Tuesday.
|
training/7429
|
training/7429 |@title lawson:1 repeat:1 content:1 sterling:1 level:1 u:1 k:1 |@word chancellor:1 exchequer:1 nigel:1 today:1 repeat:1 satisfied:2 current:1 level:2 sterling:1 dollar:1 west:1 german:1 mark:1 lawson:1 say:2 television:1 interview:1 regard:1 pound:2 present:2 exchange:2 rate:2 uncomfortably:2 high:2 think:4 round:1 right:1 time:1 british:1 manufacturer:1 make:1 absolutely:1 clear:1 want:1 see:1 go:1 roof:1 add:1
|
LAWSON REPEATS HE IS CONTENT WITH STERLING LEVEL
U.K. Chancellor of the Exchequer Nigel
today repeated that he was satisfied with the current level of
sterling, both against the dollar and the West German mark.
Lawson said in a television interview that he did not
regard the pound's present exchange rate was uncomfortably
high.
'I think it is round about right,' he said.
'I think there was a time that they (British manufacturers)
thought the (exchange) rate was uncomfortably high. But I think
they are very satisfied with the present level.'
'But I have made it absolutely clear that I don't want to
see the pound go through the roof,' he added.
|
training/743
|
training/743 |@title gelco:1 gel:1 see:1 flat:1 1987:1 pretax:1 operating:1 net:1 |@word gelco:3 corp:1 say:3 exclude:1 effect:1 restructuring:2 plan:1 expect:2 pre:2 tax:2 operating:2 earning:2 year:4 end:2 july:2 31:2 1987:1 last:1 1986:1 report:1 14:1 8:1 mln:1 dlrs:2 1:1 08:1 share:1 however:1 final:2 result:1 affect:1 certain:1 charge:1 include:1 legal:1 investment:1 advisor:1 fee:1 prefer:1 stock:1 dividend:1 cost:1 restructure:1 expense:1 associate:1 offset:1 significant:1 gain:1 sale:2 business:1 unit:1 outcome:1 fiscal:1 determine:1 timing:1 proceed:1 add:1
|
GELCO <GEL> SEES FLAT 1987 PRETAX OPERATING NET
Gelco Corp said that,
excluding the effects of a restructuring plan, it expects
pre-tax operating earnings for the year to end July 31, 1987,
to be about the same as those of last year.
For the year ended July 31, 1986, Gelco reported pre-tax
operating earnings of 14.8 mln dlrs, or 1.08 dlrs a share.
However, final results will be affected by certain charges
including legal and investment advisors fees, preferred stock
dividends and other costs of restructuring, it said.
Expenses associated with restructuring are expected to be
offset by 'significant' gains from the sale of some of Gelco's
business units, it said.
The final outcome for the fiscal year will be determined by
the timing and proceeds from the sale, it added.
|
training/7432
|
training/7432 |@title butler:1 national:1 corp:1 butl:1 3rd:1 qtr:1 jan:1 31:1 |@word shr:2 profit:6 nil:1 vs:6 loss:2 one:1 ct:3 net:2 1:3 136:1 42:1 840:1 revs:2 490:1 718:1 151:1 176:1 nine:1 mth:1 three:1 five:1 89:1 900:1 150:1 523:1 4:2 520:1 393:1 078:1 441:1
|
BUTLER NATIONAL CORP <BUTL> 3RD QTR JAN 31
Shr profit nil vs loss one ct
Net profit 1,136 vs loss 42,840
Revs 1,490,718 vs 1,151,176
Nine mths
Shr profit three cts vs profit five cts
Net profit 89,900 vs profit 150,523
Revs 4,520,393 vs 4,078,441
|
training/7433
|
training/7433 |@title fcs:2 fcsi:1 receive:1 merger:1 proposal:1 |@word laboratory:1 say:3 investment:1 banker:1 butcher:1 singer:1 inc:1 receive:1 preliminary:1 merger:2 proposal:2 another:1 company:2 healthcare:1 field:1 fcs:2 various:1 aspect:1 better:1 define:1 board:1 may:1 consider:1 negotiation:1 continue:1 since:1 late:1 august:1
|
FCS <FCSI> RECEIVES MERGER PROPOSAL
FCS Laboratories said its
investment banker, Butcher and Singer Inc, received a
preliminary merger proposal from another company in the
healthcare field.
FCS said that if various aspects of the proposal are better
defined, its board may consider it. FCS said merger
negotiations with this other company have been continuing since
late August.
|
training/7437
|
training/7437 |@title u:2 1:2 money:1 supply:1 rise:1 500:1 mln:1 dlrs:1 |@word money:1 supply:1 rise:2 500:1 mln:1 dlrs:5 seasonally:1 adjust:1 738:4 7:1 billion:7 march:1 9:1 week:3 federal:1 reserve:1 say:2 previous:1 1:3 level:1 revise:1 2:4 0:1 four:1 move:1 average:2 737:1 economist:1 poll:1 reuters:1 would:1 anywhere:1 unchanged:1 five:1 forecast:1 call:1 3:1 dlr:1 increase:1
|
U.S. M-1 MONEY SUPPLY RISES 500 MLN DLRS
U.S. M-1 money supply rose 500 mln
dlrs to a seasonally adjusted 738.7 billion dlrs in the March 9
week, the Federal Reserve said.
The previous week's M-1 level was revised to 738.2 billion
dlrs from 738.0 billion, while the four-week moving average of
M-1 rose to 738.2 billion dlrs from 737.2 billion.
Economists polled by Reuters said that M-1 would be
anywhere from unchanged to up five billion dlrs. The average
forecast called for a 2.3 billion dlr increase.
|
training/7438
|
training/7438 |@title art:1 way:1 manufacturing:1 co:1 artw:1 3rd:1 qtr:1 net:1 |@word shr:2 profit:5 58:1 ct:3 vs:6 loss:4 11:1 net:3 726:1 000:9 145:2 sale:2 4:1 958:1 2:1 783:1 nine:2 mth:1 1:3 08:1 dlrs:3 80:1 359:1 013:1 12:1 6:1 mln:1 7:1 note:1 fiscal:1 1987:2 include:1 tax:1 credit:1 372:1 quarter:1 643:1 month:1 period:1 end:1 february:1 28:1 1986:1 respectively:1 art:1 way:1 manufacturing:1 co:1 inc:1 full:1 name:1 company:1
|
ART'S-WAY MANUFACTURING CO <ARTW> 3RD QTR NET
Shr profit 58 cts vs loss 11 cts
Net profit 726,000 vs loss 145,000
Sales 4,958,000 vs 2,783,000
Nine Mths
Shr profit 1.08 dlrs vs loss 80 cts
Net profit 1,359,000 vs loss 1,013,000
Sales 12.6 mln vs 7,145,000
NOTE: Fiscal 1987 net profit includes tax credits of
372,000 dlrs in the quarter and 643,000 dlrs in the nine
months.
Periods end February 28, 1987 and 1986, respectively.
Art's-Way Manufacturing Co Inc is full name of company.
|
training/7439
|
training/7439 |@title pse:1 inc:1 pow:1 4th:1 qtr:1 |@word shr:2 loss:4 18:1 ct:4 vs:6 profit:4 11:1 net:2 1:3 5:1 mln:6 868:1 000:2 revs:2 29:1 3:2 41:2 year:1 five:1 409:1 99:1 2:1 231:1 7:1
|
PSE INC <POW> 4TH QTR
Shr loss 18 cts vs profit 11 cts
Net loss 1.5 mln vs profit 868,000
Revs 29.3 mln vs 41.1 mln
Year
Shr loss 41 cts vs profit five cts
Net loss 3.1 mln vs profit 409,000
Revs 99.2 mln vs 231.7 mln
|
training/7441
|
training/7441 |@title wardair:1 international:1 ltd:1 year:1 net:1 |@word shr:1 12:1 84:1 dlrs:3 vs:3 3:1 07:1 net:2 46:1 054:1 000:2 11:1 026:1 revs:1 491:1 1:1 mln:2 473:1 9:1 note:1 current:1 include:1 gain:1 8:1 51:1 share:1 disposal:1 asset:1 w:1 ward:1 hold:1 62:1 pct:1 voting:1 interest:1
|
<WARDAIR INTERNATIONAL LTD> YEAR NET
Shr 12.84 dlrs vs 3.07 dlrs
Net 46,054,000 vs 11,026,000
Revs 491.1 mln vs 473.9 mln
NOTE: Current net includes gain of 8.51 dlrs a share on
disposal of assets.
M.W. Ward holds 62 pct voting interest.
|
training/7442
|
training/7442 |@title sea:1 container:1 scr:1 expect:1 well:1 first:1 qtr:1 |@word sea:2 containers:1 ltd:1 predict:1 first:4 quarter:4 fiscal:3 1987:2 net:1 earning:1 would:1 improve:1 10:2 mln:8 dlrs:7 period:2 year:1 ago:1 company:6 say:3 get:1 much:1 well:1 footing:1 1986:2 record:2 loss:5 67:1 6:2 28:1 per:1 share:1 revenue:1 641:1 4:1 james:1 sherwood:1 president:1 expect:1 approximately:3 12:1 compare:1 22:1 emphasize:1 traditionally:1 slow:1 ferry:2 industry:1 part:1 container:3 business:1 sherwoood:1 largely:1 attributable:1 non:1 recur:1 event:1 provision:2 cite:2 default:1 15:1 leasee:1 ship:1 charterer:1 cost:3 25:1 also:1 23:1 dlr:2 result:1 closing:1 two:1 subsidiary:1 services:1 3:1 cover:1 sale:1 asset:1 severance:1 pay:1
|
SEA CONTAINERS <SCR> EXPECTS BETTER FIRST QTR
Sea Containers Ltd predicted
its first quarter fiscal 1987 net earnings would improve by 10
mln dlrs over the same period a year ago.
The company said 1987 got off on a much better footing than
fiscal 1986, from which the company recorded a loss of 67.6 mln
dlrs, or 6.28 dlrs per share, on revenues of 641.4 mln dlrs.
James Sherwood, president of the company, said he expects
to record a loss of approximately 12 mln dlrs for the first
quarter, compared to losses of approximately 22 mln dlrs for
first quarter fiscal 1986.
The company emphasized the first quarter is a traditionally
slow period for the ferry industry, which is part of Sea
Containers' business.
Sherwoood said the company's losses were largely
attributable to non-recurring events and provisions. He cited
the default of 15 container leasees and ship charterers,
costing the company approximately 25 mln dlrs.
He also cited a 23 mln dlr cost as a result of a closing
two of its subsidiary's ferry services, and a 10.3 mln dlr
provision to cover losses on the sale of container assets and
severance pay costs.
|
training/7443
|
training/7443 |@title first:1 interstate:1 estimate:1 brazil:1 risk:1 |@word first:4 interstate:4 bancorp:1 say:5 1987:1 pre:1 tax:1 income:2 could:1 reduce:1 33:1 5:1 mln:4 dlrs:4 decide:1 reclassify:3 339:1 medium:4 long:4 term:5 loan:4 brazil:4 nonperforme:3 company:1 stress:1 filing:1 securities:1 exchange:1 commission:1 believe:2 soon:1 debt:3 despite:1 feb:1 20:1 suspension:2 direct:1 interest:4 payment:2 corporation:1 premature:1 make:1 decsion:1 classify:1 time:1 continue:1 may:1 nonperforming:1 place:1 non:1 accrual:1 meaning:1 previously:1 accrue:2 pay:1 would:2 deduct:1 net:1 longer:1 besides:1 also:1 165:1 short:1 trade:1 line:1 dec:1 31:1 1986:1 brazilian:1 outstanding:1 4:1 1:1
|
FIRST INTERSTATE <I> ESTIMATES BRAZIL RISKS
First Interstate Bancorp said its
1987 pre-tax income could be reduced by about 33.5 mln dlrs if
it decides to reclassify its 339 mln dlrs in medium- to
long-term loans to Brazil as nonperforming.
But the company stressed in a filing with the Securities
and Exchange Commission that it believes it is too soon to
reclassify the debt, despite Brazil's Feb 20 suspension of
direct interest payments on medium- and long-term loans.
'The corporation believes that it is premature to make a
decsion to classify such medium- and long-term debt as
nonperforming at this time,' First Interstate said.
But First Interstate said that if Brazil's suspension of
interest payments continues, it may have to reclassify its
loans as nonperforming and place them on non-accrual, meaning
that interest previously accrued but not paid would be deducted
from net income and interest would no longer be accrued.
Besides its medium- and long-term debt, First Interstate
said it also has 165 mln dlrs in short-term loans or trade
lines in Brazil.
As of Dec 31, 1986, nonperforming Brazilian outstandings
were about 4.1 mln dlrs, it said.
|
training/7444
|
training/7444 |@title american:1 home:1 shield:1 corp:1 ahsc:1 4th:1 qtr:1 net:1 |@word shr:2 profit:7 15:2 ct:4 vs:6 net:2 1:2 025:1 000:6 969:1 rev:1 10:1 9:1 mln:4 7:1 8:1 12:1 mth:1 33:1 loss:2 one:1 2:2 375:1 90:1 revs:1 38:1 20:1 3:1 note:1 revenue:2 figure:2 show:1 contract:2 gross:1 write:1 fourth:1 quarter:1 full:1 year:1 1986:1 include:1 extraordinary:1 gain:1 501:1 dlrs:2 040:1 respectively:1 tax:1 carryforward:1 per:1 share:1 come:1 prefer:1 dividend:1 requirement:1
|
AMERICAN HOME SHIELD CORP <AHSC> 4TH QTR NET
Shr profit 15 cts vs profit 15 cts
Net profit 1,025,000 vs profit 969,000
Revs 10.9 mln vs 7.8 mln
12 mths
Shr profit 33 cts vs loss one cts
Net profit 2,375,000 vs profit 90,000
Revs 38.2 mln vs 20.3 mln
NOTE: Revenues figure shows contract revenue, not gross
contracts written.
Fourth quarter and full year 1986 includes extraordinary
gain of 501,000 dlrs and 1,040,000 dlrs, respectively, from tax
loss carryforwards.
Per share figures come after preferred dividend
requirements.
|
training/7447
|
training/7447 |@title major:1 home:1 appliance:1 shipment:1 february:1 |@word shipment:4 major:2 home:2 appliance:4 february:1 rise:2 9:1 1:1 pct:2 3:2 5:1 mln:4 2:1 year:3 ago:1 report:1 association:1 manufacturer:1 say:2 date:1 total:1 11:1 4:1 7:1 6:2 8:1 earlier:1 strong:1 gain:1 four:1 five:1 category:1 result:1 unprecedented:1 monthly:1 level:1 record:1 set:1 refrigerator:1 automatic:1 washer:1 disposer:1 dryer:1 dishwasher:1
|
MAJOR HOME APPLIANCE SHIPMENTS UP IN FEBRUARY
Shipments of major home appliances in
February rose 9.1 pct to 3.5 mln, up from 3.2 mln a year ago,
reported the Association of Home Appliance Manufacturers.
It said year to date, total major appliance shipments rose
11.4 pct to 7.6 mln from 6.8 mln a year earlier.
It said strong shipment gains in four of the five appliance
categories resulted in the unprecedented monthly levels, with
records set for shipments of refrigerators, automatic washers,
disposers, dryers and dishwashers.
|
training/7449
|
training/7449 |@title triangle:1 home:1 products:1 inc:1 thp:1 4th:1 qtr:1 loss:1 |@word shr:2 loss:8 17:1 ct:4 vs:6 19:1 net:2 213:1 000:6 217:1 sale:2 6:2 788:1 254:1 year:1 22:1 five:1 270:1 61:1 27:2 0:2 mln:2
|
TRIANGLE HOME PRODUCTS INC <THP> 4TH QTR LOSS
Shr loss 17 cts vs loss 19 cts
Net loss 213,000 vs loss 217,000
Sales 6,788,000 vs 6,254,000
Year
Shr loss 22 cts vs loss five cts
Net loss 270,000 vs loss 61,000
Sales 27.0 mln vs 27.0 mln
|
training/745
|
training/745 |@title utilicorp:1 ucu:1 acquire:1 dominion:1 subsidiary:1 |@word utilicorp:1 united:1 inc:2 say:1 close:1 previously:1 announce:1 acquisition:1 west:1 virginia:1 power:1 dominion:1 resources:1 21:1 mln:1 dlrs:1
|
UTILICORP <UCU> ACQUIRES DOMINION <D> SUBSIDIARY
UtiliCorp United Inc said it
has closed the previously announced acquisition of West
Virginia Power from Dominion Resources Inc for about 21 mln
dlrs.
|
training/7452
|
training/7452 |@title reichhold:1 rci:1 raise:1 material:1 price:1 |@word reichhold:1 chemicals:1 inc:1 say:2 emulsion:1 polymer:1 division:1 increase:3 nine:1 ct:1 per:1 dry:1 pound:1 price:1 styrene:1 butadiene:1 polystyrene:1 latex:1 effective:1 may:1 1:1 addition:1 recently:1 announce:1 apply:1 carpet:1 paper:1 nonwoven:1 textile:1 adhesive:1 specialty:1 end:1 use:1
|
REICHHOLD <RCI> RAISES SOME MATERIALS PRICES
Reichhold Chemicals Inc said its
emulsion polymers division increased by nine cts per dry pound
the prices of all styrene-butadiene and polystyrene latexes,
effective May 1.
It said the increase is in addition to recently announced
increases and applies to carpet, paper, nonwovens, textiles,
adhesives and other specialty end uses.
|
training/7453
|
training/7453 |@title tri:1 star:1 trsp:1 buy:1 cineplex:1 theater:1 |@word tri:1 star:1 pictures:1 inc:2 say:1 agree:1 acquire:1 roosevelt:1 field:1 century:2 theatre:1 canada:1 cineplex:1 odeon:1 corp:1 rko:1 warner:1 theatres:1 17:1 mln:1 dlrs:1 recently:1 refurbish:1 expand:1 theater:1 locate:1 garden:1 city:1 n:1
|
TRI-STAR <TRSP> BUYS CINEPLEX THEATER
Tri-Star Pictures Inc said it agreed
to acquire the Roosevelt Field Century Theatre from Canada's
Cineplex Odeon Corp's RKO Century Warner Theatres Inc for 17
mln dlrs.
The recently refurbished and expanded theater is located in
Garden City, N.Y..
|
training/7455
|
training/7455 |@title frank:1 b:1 hall:1 co:1 inc:1 fbh:1 4th:1 qtr:1 loss:1 |@word oper:4 shr:2 loss:8 30:1 ct:4 vs:8 25:1 net:2 2:2 138:1 000:4 312:1 rev:2 99:1 3:1 mln:5 89:1 4:2 year:2 40:1 profit:3 47:1 294:1 8:1 793:1 390:1 9:1 360:1 5:2 note:1 exclude:1 discontinue:1 operation:2 1:2 33:1 dlrs:5 share:4 35:1 quarter:2 52:1 13:1 64:1 full:1 fourth:1 1986:1 include:1 reserve:1 nine:1 company:1 plan:1 sell:1 per:1 figure:1 come:1 prefer:1 dividend:1 requirement:1
|
FRANK B. HALL AND CO INC <FBH> 4TH QTR LOSS
Oper shr loss 30 cts vs loss 25 cts
Oper net loss 2,138,000 vs loss 2,312,000
Revs 99.3 mln vs 89.4 mln
Year
Oper shr loss 40 cts vs profit 47 cts
Oper net profit 4,294,000 vs profit 8,793,000
Revs 390.9 mln vs 360.5 mln
NOTE: Excludes discontinued operations loss of 1.33 dlrs a
share vs 5.35 dlrs a share in the quarter, and loss 1.52 dlrs a
share vs loss 13.64 dlrs in the full year.
Fourth quarter 1986 includes reserve of nine mln dlrs for
operations company plans to sell.
Per share figures come after preferred dividend
requirements.
|
training/7459
|
training/7459 |@title weisfield:1 inc:1 weis:1 4th:1 qtr:1 net:1 |@word shr:2 1:8 09:1 dlrs:4 vs:6 20:1 net:2 193:1 000:4 361:1 revs:2 18:1 7:1 mln:4 17:1 3:1 year:1 19:1 52:1 300:1 831:1 50:1 6:1 48:1 8:1
|
WEISFIELD'S INC <WEIS> 4TH QTR NET
Shr 1.09 dlrs vs 1.20 dlrs
Net 1,193,000 vs 1,361,000
Revs 18.7 mln vs 17.3 mln
Year
Shr 1.19 dlrs vs 1.52 dlrs
Net 1,300,000 vs 1,831,000
Revs 50.6 mln vs 48.8 mln
|
training/7460
|
training/7460 |@title singapore:1 exchange:1 plan:1 option:1 contract:1 |@word singapore:1 international:1 monetary:1 exchange:3 ltd:1 simex:3 say:2 would:2 launch:1 least:1 two:2 option:2 future:4 contract:2 year:1 press:1 release:1 base:1 currency:2 interest:2 rate:2 currently:2 trade:2 start:1 toward:1 third:1 quarter:1 link:1 chicago:1 mercantile:1 three:2 deutsche:1 mark:1 japanese:1 yen:1 british:1 pound:1 u:1 treasury:1 bond:1 month:1 eurodollar:1
|
SINGAPORE EXCHANGE PLANS OPTIONS CONTRACTS
The Singapore International
Monetary Exchange Ltd, SIMEX, said it would launch at least two
options on futures contracts this year.
SIMEX said in a press release that the options contracts
would be based on the currency and interest rate futures
currently traded on the exchange and be started 'toward the
third quarter.'
SIMEX, which is linked to the Chicago Mercantile Exchange,
currently trades three currency futures -- on Deutsche marks,
Japanese yen and British pounds -- and two interest rate
futures -- on U.S. Treasury-bonds and three-month Eurodollars.
|
training/7462
|
training/7462 |@title norris:1 oil:1 co:1 noil:1 dec:1 31:1 year:1 loss:1 |@word shr:1 loss:5 1:2 55:1 dlrs:1 vs:4 52:1 ct:1 net:1 13:1 191:1 000:6 2:2 254:1 revs:1 179:1 003:1 avg:1 shrs:1 8:2 520:1 4:1 330:1 note:1 current:1 year:1 include:1 11:1 mln:1 dlr:1 writedown:1 oil:1 gas:1 property:1 full:1 cost:1 accounting:1 method:1
|
NORRIS OIL CO <NOIL> DEC 31 YEAR LOSS
Shr loss 1.55 dlrs vs loss 52 cts
Net loss 13,191,000 vs loss 2,254,000
Revs 1,179,000 vs 2,003,000
Avg shrs 8,520,000 vs 4,330,000
Note: Current year loss includes 11.8 mln dlr writedown of
oil and gas properties under full cost accounting method.
|
training/7464
|
training/7464 |@title dorsey:1 dsy:1 complete:1 sale:1 unit:1 |@word dorsey:4 corp:2 say:1 complete:1 sale:1 substantially:1 trailers:2 inc:1 subsidiary:1 asset:1 trailer:1 acquisition:2 whose:1 stockholder:1 include:1 former:1 vice:1 president:1 several:1 executive:1 management:1 team:1 term:1 disclose:1
|
DORSEY <DSY> COMPLETES SALE OF UNIT
Dorsey Corp said it
completed the sale of substantially all its Dorsey Trailers Inc
subsidiary assets to <Trailer Acquisition Corp>, whose
stockholders include a former Dorsey vice president and several
executives of the Dorsey Trailers management team.
Terms of the acquisition were not disclosed.
|
training/7465
|
training/7465 |@title napco:1 international:1 npco:1 4th:1 qtr:1 oper:1 net:1 |@word oper:4 shr:2 38:1 ct:2 vs:6 5:2 62:1 dlrs:8 net:4 400:1 000:10 6:2 173:1 revs:2 1:3 195:1 392:1 year:5 94:1 65:1 006:1 257:1 2:3 432:1 121:1 note:1 1986:1 operate:2 quarter:4 exclude:1 loss:3 disposal:1 certain:1 business:1 15:1 mln:3 discontinue:2 operation:2 297:1 469:1 1985:1 include:1 pretax:1 gain:1 nine:1 sale:1 two:1 division:1 85:1 mn:1 3:1 7:1 napco:1 international:1 inc:1 full:1 name:1 company:1
|
NAPCO INTERNATIONAL <NPCO> 4TH QTR OPER NET
Oper shr 38 cts vs 5.62 dlrs
Oper net 400,000 vs 6,173,000
Revs 1,195,000 vs 392,000
Year
Oper shr 94 cts vs 5.65 dlrs
Oper net 1,006,000 vs 6,257,000
Revs 2,432,000 vs 1,121,000
NOTE: 1986 operating net for the quarter and year excludes
a loss on the disposal of certain businesses of 2.15 mln dlrs
and a loss from discontinued operations of 297,000 dlrs in the
quarter and 469,000 dlrs in the year.
1985 operating net for the quarter and year includes a
pretax gain of nine mln dlrs from the sale of two divisions and
a loss from discontinued operations of 2.85 mn dlrs in the
quarter and 3.7 mln dlrs in the year.
Napco International Inc is full name of company.
|
training/7466
|
training/7466 |@title national:1 bancorp:1 inc:1 nibca:1 year:1 end:1 loss:1 |@word oper:2 shr:1 loss:2 1:1 02:1 dlr:1 631:1 000:1 dlrs:1 note:1 prior:1 year:1 result:1 available:1 company:1 complete:1 public:1 offering:1 april:1 1986:1
|
NATIONAL BANCORP INC <NIBCA> YEAR END LOSS
Oper shr loss 1.02 dlr
Oper loss 631,000 dlrs
NOTE: Prior year results are not available as company
completed its public offering in April 1986.
|
training/7468
|
training/7468 |@title bachelor:1 lake:1 gold:1 mines:1 inc:1 year:1 loss:1 |@word shr:1 loss:4 seven:1 ct:2 vs:3 19:1 net:1 497:1 452:1 1:1 306:1 875:1 rev:1 10:1 6:2 mln:2 9:1
|
<BACHELOR LAKE GOLD MINES INC> YEAR LOSS
Shr loss seven cts vs loss 19 cts
Net loss 497,452 vs loss 1,306,875
Revs 10.6 mln vs 9.6 mln
|
training/7469
|
training/7469 |@title soros:1 lift:1 king:1 world:1 kwp:1 stake:1 8:1 1:1 pct:1 |@word new:1 york:1 investor:1 george:1 soros:2 investment:1 fund:1 control:1 say:2 raise:1 stake:1 king:2 world:2 productions:1 inc:1 2:1 485:1 510:1 share:4 8:2 1:2 pct:2 total:1 outstanding:1 986:1 710:1 6:2 5:1 filing:1 securities:1 exchange:1 commission:1 group:1 buy:1 net:1 498:1 800:1 common:1 jan:1 march:1 price:1 range:1 fropm:1 18:1 924:1 21:1 203:1 dlrs:1
|
SOROS LIFTS KING WORLD <KWP> STAKE TO 8.1 PCT
New York investor George Soros, and
an investment fund he controls, said they raised their stake in
King World Productions Inc to 2,485,510 shares, or 8.1 pct of
the total outstanding, from 1,986,710 shares, or 6.5 pct.
In a filing with the Securities and Exchange Commission,
Soros said his group bought a net 498,800 King World common
shares between Jan 8 and March 6 at prices ranging fropm 18.924
to 21.203 dlrs a share.
|
training/7470
|
training/7470 |@title cineplex:1 odeon:1 buying:1 coke:1 ko:1 cinema:1 unit:1 |@word cineplex:3 odeon:1 corp:1 say:2 agree:1 principle:1 acquire:1 walter:2 reade:2 organization:1 inc:2 new:1 york:1 cinema:1 chain:1 coca:1 cola:1 co:1 entertainment:1 holdings:1 unit:1 32:1 5:2 mln:2 u:1 dlrs:2 purchase:1 price:1 consist:1 22:1 cash:1 652:1 742:1 common:1 share:1 transaction:1 subject:1 fulfilment:1 certain:1 unspecified:1 condition:1 regulatory:1 board:1 approval:1 operate:1 11:1 screen:1 eight:1 manhattan:1 location:1
|
CINEPLEX ODEON BUYING COKE <KO> CINEMA UNIT
<Cineplex Odeon Corp> said it agreed in
principle to acquire the Walter Reade Organization Inc New York
cinema chain from Coca-Cola Co's Entertainment Holdings Inc
unit for 32.5 mln U.S. dlrs.
Cineplex said the purchase price consisted of 22.5 mln dlrs
cash and 652,742 Cineplex common shares. The transaction is
subject to fulfilment of certain unspecified conditions and
regulatory and board approvals.
Walter Reade operates 11 screens in eight Manhattan
locations.
|
training/7471
|
training/7471 |@title shultz:1 oppose:1 wheat:1 subsidy:1 soviet:1 |@word secretary:2 state:6 george:1 shultz:6 decide:2 oppose:2 u:5 wheat:7 subsidy:10 offer:8 soviet:6 union:4 leave:1 final:1 decision:2 whether:2 sell:1 subsidized:1 moscow:2 president:2 reagan:1 agriculture:2 department:7 official:6 say:11 feel:1 like:1 fight:1 battle:1 last:2 summer:2 go:3 mat:1 basically:1 usda:4 make:1 want:4 ahead:1 wage:1 vigorous:1 campaign:1 may:1 come:1 favor:1 win:1 voice:1 objection:1 statement:1 clarify:1 remark:1 yesterday:1 leader:1 national:1 association:1 grower:1 express:1 belief:1 whenever:1 possible:1 grain:1 competitive:2 world:2 market:1 include:1 good:3 position:1 determine:1 consideration:1 give:1 time:2 extend:1 soviets:6 export:1 enhancement:1 program:1 although:1 remain:2 obstacle:1 another:1 everyone:1 government:2 agree:1 would:2 unless:1 firm:1 commitment:1 buy:1 repetition:1 ussr:1 baulk:1 four:1 mln:1 tonne:2 subsidize:2 ask:1 identify:1 reject:1 ground:1 13:1 dlr:1 per:1 insufficient:1 bring:1 price:3 level:1 high:1 source:2 something:1 equivalent:1 low:1 pay:1 anyone:1 argue:1 customer:1 entitle:1 commodity:1 also:1 element:1 notably:1 undersecretary:1 daniel:1 amstutz:1 opposed:1 still:1 foregone:1 conclusion:1
|
SHULTZ NOT OPPOSED TO WHEAT SUBSIDY TO SOVIETS
Secretary of State George Shultz has
decided not to oppose any U.S. wheat subsidy offer to the
Soviet Union and has left the final decision on whether to sell
subsidized wheat to Moscow up to President Reagan and the
Agriculture Department, a State Department official said.
'Shultz feels like he fought the battle against a subsidy
last summer, and he's not going to the mat again. It's now
basically the USDA who has to make their decisions as to what
they want to do,' the official said.
If USDA decides to go ahead with a subsidy offer to the
Soviet Union, he said, 'Shultz will not wage a vigorous
campaign against it. He might not come out in favor of it, but
he won't go to the President and voice his objections.'
In an official statement clarifying Shultz's remarks
yesterday to leaders of the National Association of Wheat
Growers, the State Department said, 'Secretary Shultz expressed
his belief that whenever possible, U.S. grain should be
competitive on world markets, including the Soviet Union.
The Agriculture Department is in the best position to
determine whether consideration should be given at this time to
extending to the Soviets a subsidy under the Export Enhancement
Program.'
Although Shultz will not oppose a wheat subsidy to the
Soviets, there remain obstacles to another subsidy offer to
Moscow, the State Department official said.
'Everyone in the government agrees that if there is a
subsidy to be offered, we would not offer it unless we had a
firm commitment from the Soviets that they would buy.'
USDA does not want a repetition of last summer when the
USSR baulked at its offer of four mln tonnes of subsidized
wheat, the official, who asked not to be identified, said.
The Soviets rejected the U.S. offer then on the grounds
that the 13 dlr per tonne subsidy was insufficient to bring
U.S. prices down to competitive levels.
The Soviets want a higher subsidy offer this time, the
State Department source said.
'What the Soviets want is something equivalent to the
lowest price being paid by anyone in the world,' he said.
The Soviets argue that they are the best customer of the
U.S. and that they are entitled to the best price, he said.
Government and commodity sources also said there are
elements in the USDA, most notably undersecretary Daniel
Amstutz, who remain opposed to a wheat subsidy to the Soviets.
'Subsidized wheat to the Soviet Union is still not a
foregone conclusion,' the State Department official said.
|
training/7472
|
training/7472 |@title summit:1 resources:1 ltd:1 year:1 net:1 |@word shr:1 give:1 net:1 540:1 000:2 vs:2 1:2 890:1 rev:1 4:1 9:1 mln:2 7:1
|
<SUMMIT RESOURCES LTD> YEAR NET
Shr not given
Net 540,000 vs 1,890,000
Revs 4.9 mln vs 7.1 mln
|
training/7474
|
training/7474 |@title goulds:1 pumps:1 inc:1 guld:1 set:1 regular:1 payout:1 |@word qtly:1 div:1 19:2 ct:2 vs:1 prior:1 pay:1 april:2 15:1 record:1 three:1
|
GOULDS PUMPS INC <GULD> SETS REGULAR PAYOUT
Qtly div 19 cts vs 19 cts prior
Pay April 15
Record April three
|
training/7475
|
training/7475 |@title henkel:1 increase:1 stake:1 clorox:1 clx:1 |@word clorox:4 co:1 say:3 henkel:3 kgaa:1 dusseldorf:1 west:1 germany:1 agree:1 increase:2 holding:1 30:2 pct:4 current:1 level:2 23:1 also:2 hold:1 subordinated:1 note:1 convertible:1 another:1 1:1 7:1 company:1 stock:1 intend:2 acquire:1 additional:1 share:1 open:1 market:1 extended:1 period:1 time:1 foreseeable:1 future:1 participation:1
|
HENKEL TO INCREASE STAKE IN CLOROX <CLX>
Clorox Co said <Henkel KGaA> of
Dusseldorf, West Germany, agreed to increase its holdings in
Clorox to 30 pct from the current level of 23 pct.
Henkel, which also holds a subordinated note convertible
into another 1.7 pct of the company's stock, intends to acquire
the additional shares in the open market over an extended
period of time, Clorox said.
It also said that, for the foreseeable future, Henkel does
not intend to increase its participation in Clorox above the 30
pct level.
|
training/7476
|
training/7476 |@title sigma:1 mines:1 quebec:1 ltd:1 4th:1 qtr:1 net:1 |@word shr:2 17:1 ct:4 vs:6 five:1 net:2 1:2 442:1 000:6 393:1 revs:2 9:2 771:1 8:1 052:1 year:1 74:1 23:1 6:1 076:1 875:1 34:1 mln:2 30:1 3:1
|
<SIGMA MINES (QUEBEC) LTD> 4TH QTR NET
Shr 17 cts vs five cts
Net 1,442,000 vs 393,000
Revs 9,771,000 vs 8,052,000
Year
Shr 74 cts vs 23 cts
Net 6,076,000 vs 1,875,000
Revs 34.9 mln vs 30.3 mln
|
training/7477
|
training/7477 |@title ec:1 official:1 faults:1 u:1 trade:1 bill:1 |@word sir:1 roy:1 denman:5 head:1 ec:1 delegation:1 washington:1 say:5 pende:1 u:7 trade:7 legislation:2 misguided:1 attempt:1 deal:2 nation:1 deficit:2 spark:1 retaliation:5 pass:1 present:1 form:1 think:1 mistake:1 tell:2 foreign:1 association:1 reporter:1 possible:1 warn:2 letter:1 house:1 ways:1 means:1 committee:1 chairman:1 dan:1 rostenkowski:1 would:5 necessarily:1 product:4 basis:1 match:1 case:1 textile:4 import:1 restriction:3 however:1 export:3 certainly:1 impose:2 european:1 community:1 likely:1 retaliate:1 europe:1 also:2 take:2 exception:2 proposal:2 require:1 country:1 large:2 current:2 account:1 surplus:2 cut:1 face:1 special:1 tariff:2 conflict:1 international:1 obligation:1 throw:1 wrench:1 round:1 negotiation:1 could:1 easily:1 boomerang:1 effort:1 seek:1 reciprocity:3 specific:1 sector:3 force:1 one:2 barrier:1 simply:1 lead:1 party:1 add:1 overall:1 achieve:1 disadvantage:1 advantage:1 another:1
|
EC OFFICIAL FAULTS U.S. TRADE BILL
Sir Roy Denman, Head of the EC
Delegation in Washington, said pending U.S. trade legislation
is a misguided attempt to deal with the nation's trade deficit
and will spark retaliation if passed in its present form.
'To think that you can deal with a trade deficit by
legislation is a mistake,' he told the Foreign Trade
Association here.
Denman told reporters that possible retaliation, which he
warned of in a letter to House Ways and Means Committee
Chairman Dan Rostenkowski, would not necessarily be on a
product-for-product basis.
'Retaliation does not have to be matched product to
product,' Denman said.
He said in the case of textiles import restrictions,
however, retaliation would be against U.S. textile exports.
'Certainly, if restrictions were imposed on European
exports of textiles to the U.S., the Community would be likely
to retaliate with restrictions on U.S. textile exports to
Europe,' Denman said.
He also took exception to U.S. proposals to require
countries with large current account surpluses with the U.S. to
cut those surpluses or face special tariffs.
'This would conflict with international obligations, throw
a large wrench into the current round of trade negotiations and
could easily boomerang,' he warned of the tariff proposals.
Denman also took exception to U.S. efforts to seek
reciprocity in specific trade sectors.
'Forcing reciprocity in one sector by imposing barriers
would simply lead to retaliation from the other party,' he
said, adding that overall reciprocity can only be achieved by
trading off disadvantages in one sector for advantages in
another.
|
training/748
|
training/748 |@title pesch:1 see:1 shareholder:1 support:1 ami:2 bid:1 |@word chicago:1 physician:1 leroy:1 pesch:19 say:23 discussion:4 several:2 american:22 medical:22 international:1 inc:3 shareholder:7 see:2 support:5 restructuring:2 company:5 discuss:2 sweeten:1 1:1 91:1 billion:1 dlr:3 takeover:6 bid:3 large:3 include:1 big:1 investor:2 bass:7 family:7 texas:1 however:3 indicate:1 one:2 way:1 offer:11 interview:1 reuters:1 base:1 conversation:1 hold:5 could:6 guage:1 whether:2 majority:1 would:5 identify:1 wedge:6 group:4 holder:1 five:1 pct:3 stock:4 earlier:1 today:1 5:2 stake:2 management:6 filing:1 securities:2 exchange:1 commission:1 believe:2 business:1 highly:1 desirable:1 appropriate:1 time:2 sort:1 position:1 find:1 segment:1 ami:2 really:1 share:4 join:2 effort:3 17:1 dlrs:4 cash:3 four:1 prefer:1 common:1 plan:4 seek:1 control:2 rule:2 future:1 try:1 joint:1 proposal:2 analyst:5 statement:1 boost:1 sign:1 dissatisfaction:1 follow:1 previous:1 rejection:1 20:3 per:2 expect:1 resist:1 late:1 larry:1 feinberg:2 dean:1 witter:1 reynolds:1 lead:2 leveraged:1 buyout:2 spokesman:1 comment:2 new:1 march:1 10:1 continue:2 view:1 factor:1 outcome:1 11:1 6:1 previously:2 internal:1 improve:2 performance:1 leverage:1 republic:4 health:1 corp:1 last:2 year:2 face:1 credibilty:1 problem:1 wall:3 street:3 long:1 take:1 finish:1 acquisition:1 also:1 substantial:1 debt:1 leave:1 question:1 financing:2 complete:3 much:5 first:1 make:4 without:1 investment:1 banking:2 firm:1 another:1 cause:1 concern:1 enter:1 second:3 representation:1 donaldson:1 lufkin:1 jenrette:1 security:1 pacific:1 merchant:1 doubt:1 current:1 transaction:2 work:1 provide:1 get:1 point:1 sit:1 talk:1 friendly:1 environment:1 elaborate:1 type:1 arrangement:1 succeed:1 acquire:1 keep:1 place:1 combine:1 form:1 efficient:1 network:1 hospital:1 high:1 byron:1 nimock:2 e:1 f:1 hutton:1 fiscal:1 quarter:2 earning:2 worth:2 estimate:1 end:1 february:1 28:1 35:1 ct:2 compare:1 95:1 loss:1 nimocks:1 revised:1 well:1 chance:1 revise:1 structure:1 think:1 doable:1 begin:1 turnaround:1 replace:1 member:1 reduce:1 cost:1
|
PESCH SEES SHAREHOLDER SUPPORT IN AMI <AMI> BID
Chicago physician LeRoy Pesch said he
has had discussions with several American Medical International
Inc shareholders and sees support for a restructuring of the
company.
Pesch said he has discussed his sweetened, 1.91 billion dlr
takeover bid for American Medical with several large
shareholders, including the biggest investor, the Bass family
of Texas. However, the Bass family has not indicated support
one way or the other for his offer, he said.
Pesch, in an interview with Reuters, said based on the
conversations he held with shareholders, he could not guage
whether he had majority support. He said, however, there is
support for his offer.
Pesch would not identify shareholders with whom he held
discussions other than the Bass family and the Wedge Group Inc,
the only other holder of more than five pct of American Medical
stock.
Earlier today, Wedge Group, which has a 5.5 pct stake,
said it held discussions with Pesch, American Medical
management and other American Medical shareholders.
Wedge, in a filing with the Securities and Exchange
Commission, said it believes a restructuring of American
Medical and its business would be 'highly desirable and
appropriate at this time.'
'That's the sort of position that I find a large segment of
shareholders of AMI really share,' said Pesch.
Pesch said he held discussions with Wedge about joining his
takeover effort, in which he is offering 17 dlrs cash, four
dlrs in preferred stock and one dlr in common stock for each
American Medical share. Wedge said it has no plans to join in
an effort to seek control of American Medical, but it would not
rule out a future takeover try.
Pesch said he did not discuss a joint takeover proposal
with the Bass family.
Some analysts saw the Wedge statement as a boost to Pesch's
takeover effort and a further sign that there could be some
shareholder dissatisfaction following American Medical's
previous rejection of a 20 dlr per share all cash offer from
Pesch.
American Medical is expected to resist Pesch's latest bid.
Larry Feinberg, an analyst with Dean Witter Reynolds Inc said a
management-led leveraged buyout cannot be ruled out.
An American Medical spokesman said the company will comment
on the new Pesch offer by March 10.
Analysts continue to view the Bass family as a factor in
the outcome of the bid for control of American Medical.
The Bass family holds an 11. 6 pct stake in American
Medical, and the company has previously said the investors
support management's internal plan to improve the company's
performance. The Bass family would not comment on American
Medical or Pesch.
Pesch, who led the leveraged buyout of Republic Health Corp
last year, continues to face a credibilty problem on Wall
Street because of the long time it took to finish the Republic
acquisition.
Republic also has substantial debt, and has left wall
street questioning whether financing can be completed for the
much larger American Medical takeover proposal.
Pesch's first offer for American Medical was made without
an investment banking firm, another cause for concern to Wall
Street. However, Pesch entered his second offer with
representation from Donaldson, Lufkin, and Jenrette Securities
and Security Pacific Merchant Banking Group.
'I don't have any doubt that the current transaction can be
worked out and completed, provided we get to the point where
Ami management will sit down and talk in a friendly
environment,' Pesch said.
Pesch would not elaborate on what type of financing
arrangements are being made. He did say if he succeeds in
acquiring American Medical he plans to keep much of American
Medical management in place.
He said he plans to combine the company with Republic to
form an efficient network of hospitals.
Analysts said they do not believe a much higher offer could
be made for American Medical.
Byron Nimocks of E.F. Hutton Group said improved second
fiscal quarter earnings could make American Medical stock worth
about 20 dlrs per share.
Nimocks estimates American Medical earnings for the second
quarter ended February 28 could be 35 cts, compared to a 95 ct
loss last year.
Nimocks said Pesch's revised offer is not worth much more
than the 20 dlrs cash offered previously.
But Feinberg said there is a better chance a transaction
could be completed because of the revised structure of the
offer. 'I think it's much more doable,' he said.
Analysts have said American Medical has begun a turnaround
by replacing some members of management and reducing costs.
|
training/7481
|
training/7481 |@title frank:1 b:1 hall:1 fbh:1 earnings:1 report:1 qualify:1 |@word frank:1 b:1 hall:1 co:1 inc:1 say:6 independent:1 accountant:1 issue:1 qualified:1 report:1 financial:1 statement:1 company:2 opinion:1 result:1 ongoing:1 litigation:2 discontinue:3 operation:3 earlier:1 lose:1 2:2 1:1 mln:3 dlrs:3 fourth:2 quarter:2 loss:1 3:1 year:1 ago:1 also:2 decide:1 sell:1 claim:1 adjust:1 admininistrative:1 automobile:1 dealer:1 insurance:1 unit:2 create:1 reserve:1 nine:1 1986:1 sale:1 vigorously:1 defend:1 arise:1 concentrate:1 direct:1 brokerage:1 service:1 business:1
|
FRANK B. HALL <FBH> EARNINGS REPORT QUALIFIED
Frank B. Hall and Co Inc
said its independent accountants will issue a qualified report
on its financial statements.
The company said the opinion is the result of ongoing
litigation over its discontinued operations. Earlier it said it
lost 2.1 mln dlrs in the fourth quarter against a loss of 2.3
mln dlrs a year ago before discontinued operations.
It also said it decided to sell its claims adjusting and
admininistrative operations and its automobile dealer insurance
unit, creating a reserve of about nine mln dlrs in the fourth
quarter 1986 for the sale.
The company said it will vigorously defend the litigation
arising from the discontinued units.
It also said it will concentrate on its direct brokerage
and service business.
|
training/7482
|
training/7482 |@title intermark:1 imi:1 seek:1 majority:1 pier:1 1:1 pir:1 stake:1 |@word intermark:3 inc:3 together:1 one:1 subsidiary:1 already:2 hold:3 43:1 4:1 pct:5 stake:1 pier:5 1:6 imports:1 tell:1 securities:1 exchange:1 commission:1 plan:1 acquire:1 majority:1 company:1 vote:1 stock:2 say:2 6:2 839:1 827:1 common:1 share:4 35:2 66:1 holdings:1 484:1 516:1 7:2 74:2 also:1 341:1 991:1 prefer:1 2:1 outstanding:1 holding:1 225:1
|
INTERMARK<IMI> SEEKS MAJORITY PIER 1 <PIR> STAKE
Intermark Inc, which together with
one of its subsidiaries already holds a 43.4 pct stake in Pier
1 Imports Inc, told the Securities and Exchange Commission it
plans to acquire a majority of the company's voting stock.
Intermark said it already holds 6,839,827 Pier 1 common
shares, or 35.66 pct, and its Pier 1 Holdings Inc holds
1,484,516 shares, or 7.74 pct.
Intermark said it also has 341,991 shares of Pier 1
preferred stock, or 35.2 pct of the outstanding, while Pier 1
Holdings has 74,225 shares, or 7.6 pct.
|
training/7483
|
training/7483 |@title electro:1 scientific:1 esio:1 3rd:1 qtr:1 feb:1 28:1 loss:1 |@word shr:2 loss:4 15:1 ct:3 vs:6 nil:1 net:2 877:1 000:4 profit:3 22:1 sale:2 13:1 5:2 mln:4 18:1 0:1 nine:1 mth:1 35:1 20:1 2:1 098:1 1:1 184:1 43:1 55:1 9:1 electro:1 scientific:1 industry:1
|
ELECTRO SCIENTIFIC <ESIO> 3RD QTR FEB 28 LOSS
Shr loss 15 cts vs nil
Net loss 877,000 vs profit 22,000
Sales 13.5 mln vs 18.0 mln
Nine mths
Shr loss 35 cts vs profit 20 cts
Net loss 2,098,000 vs profit 1,184,000
Sales 43.5 mln vs 55.9 mln
(Electro Scientific Industries)
|
training/7484
|
training/7484 |@title josten:1 jos:1 sell:1 unit:1 careercom:1 crcm:1 |@word josten:3 corp:2 say:2 agree:1 sell:1 proprietary:2 school:2 business:1 careercom:3 20:2 mln:3 dlrs:2 cash:1 1:1 7:1 common:1 share:1 upon:1 completion:1 propose:1 transaction:1 pct:2 stock:1 intend:1 hold:1 investment:1 purpose:1 sale:1 total:2 56:1 account:1 less:1 10:1 revenue:1 add:1
|
JOSTEN'S <JOS> TO SELL UNIT TO CAREERCOM <CRCM>
Josten's Corp said it agreed
to sell its proprietary school business to CareerCom Corp, for
20 mln dlrs in cash and about 1.7 mln CareerCom common shares.
Upon completion of the proposed transaction, Josten's will
own 20 pct of CareerCom's stock, which it intends to hold for
investment purposes, it said.
Proprietary school sales totaled about 56 mln dlrs and
accounted for less than 10 pct of Josten's total revenue, it
added.
|
training/7487
|
training/7487 |@title nrm:2 energy:1 co:1 set:1 regular:1 payout:1 |@word qtly:1 cash:1 distribution:1 five:2 ct:2 vs:1 prior:1 pay:1 april:1 15:1 record:1 march:1 31:1
|
NRM ENERGY CO <NRM> SETS REGULAR PAYOUT
Qtly cash distribution five cts vs five cts prior
Pay April 15
Record March 31
|
training/7488
|
training/7488 |@title motel:1 6:1 lp:1 six:1 set:1 cash:1 distribution:1 |@word qtly:1 cash:1 distribution:1 30:1 5:1 ct:2 vs:1 18:1 4:1 prior:2 pay:1 may:1 15:1 record:1 march:1 31:1 note:1 quarter:2 dividend:1 initial:1 payout:1 base:1 operation:1 partial:1 fourth:1 1986:1
|
MOTEL 6 LP <SIX> SETS CASH DISTRIBUTION
Qtly cash distribution 30.5 cts vs 18.4 cts prior
Pay May 15
Record March 31
Note: Prior-quarter dividend was an initial payout based on
operations for a partial fourth quarter in 1986.
|
training/7490
|
training/7490 |@title group:1 6:1 4:1 pct:1 atlantic:1 research:1 atrc:1 |@word group:3 lead:1 halcyon:2 investments:1 new:1 york:1 security:1 risk:1 arbitrage:1 partnership:1 say:4 acquire:1 486:1 400:1 share:1 atlantic:2 research:2 corp:2 6:2 4:1 pct:1 total:1 outstanding:1 common:1 stock:2 filing:1 securities:1 exchange:1 commission:1 buy:2 stake:1 15:1 mln:1 dlrs:1 specific:1 purpose:1 plan:1 seek:2 control:1 clabir:1 clg:1 may:1 sell:1
|
GROUP HAS 6.4 PCT OF ATLANTIC RESEARCH <ATRC>
A group led by Halcyon Investments,
a New York securities and risk arbitrage partnership, said it
has acquired 486,400 shares of Atlantic Research Corp, or 6.4
pct of the total outstanding common stock.
In a filing with the Securities and Exchange Commission,
the Halcyon group said it bought the stake for 15.6 mln dlrs
for no specific purpose.
The group said it has no plans to seek control of Atlantic
Research, which has been sought by Clabir Corp <CLG>, but said
it may buy more stock or sell some or all of what it has.
|
training/7491
|
training/7491 |@title ultrasystems:1 inc:1 uls:1 4th:1 qtr:1 net:1 |@word shr:2 26:1 ct:4 vs:6 18:1 net:2 2:3 102:1 000:4 1:5 415:1 revs:2 44:1 mln:5 42:1 year:2 21:1 91:1 678:1 7:1 105:1 155:1 149:1 note:1 current:1 figure:1 include:1 10:1 dlr:1 writedown:1 cost:1 investment:1 associate:1 ethanol:1 refinery:1 project:1
|
ULTRASYSTEMS INC <ULS> 4TH QTR NET
Shr 26 cts vs 18 cts
Net 2,102,000 vs 1,415,000
Revs 44.1 mln vs 42.2 mln
Year
Shr 21 cts vs 91 cts
Net 1,678,000 vs 7,105,000
Revs 155.1 mln vs 149.2 mln
Note: Current year figures include 10.1 mln dlr writedown
of costs and investments associated with ethanol refinery
project.
|
training/7494
|
training/7494 |@title tag:1 group:1 cut:1 valero:1 energy:1 vlo:1 stake:1 |@word investor:1 group:3 tell:1 securities:1 exchange:1 commission:1 plan:1 cut:1 stake:1 valero:2 energy:2 corp:1 402:1 925:2 share:3 1:3 6:2 pct:2 total:1 outstanding:1 522:1 850:1 0:1 lead:1 tag:1 luxembourg:1 say:1 file:1 sec:1 feb:1 20:1 notice:1 propose:1 sell:1 119:1 common:1 stock:1
|
TAG GROUP TO CUT VALERO ENERGY<VLO> STAKE
An investor group told the
Securities and Exchange Commission it plans to cut its stake in
Valero Energy Corp to 402,925 shares, or 1.6 pct of the total
outstanding, from 1,522,850 shares, or 6.0 pct.
The group, led by TAG Group S.A. of Luxembourg, said it
filed with the SEC on Feb 20 a notice that it proposes to sell
1,119,925 shares of Valero Energy common stock.
|
training/7495
|
training/7495 |@title western:1 tele:1 communications:1 wtlca:1 4th:1 qtr:1 net:1 |@word oper:5 shr:2 31:1 ct:2 vs:8 34:1 net:3 3:1 005:1 000:7 2:2 835:1 revs:2 13:1 1:3 mln:5 9:2 478:1 year:2 49:1 dlrs:6 15:1 28:1 7:1 16:1 47:1 8:1 32:1 0:1 note:2 exclude:1 loss:1 discontinued:1 operation:1 726:1 gain:3 737:1 qtr:1 581:1 350:1 full:1 name:1 western:1 tele:1 communications:1 inc:1
|
WESTERN TELE-COMMUNICATIONS <WTLCA> 4TH QTR NET
Oper shr 31 cts vs 34 cts
Oper net 3,005,000 vs 2,835,000
Revs 13.1 mln vs 9,478,000
Year
Oper shr 1.49 dlrs vs 1.15 dlrs
Oper net 28.7 mln vs 16.9 mln
Revs 47.8 mln vs 32.0 mln
Note: Oper net excludes loss from discontinued operations
of 726,000 dlrs vs gain of 737,000 dlrs for qtr and gain of
581,000 dlrs vs gain of 2,350,000 dlrs for year.
Note: Full name is Western Tele-Communications Inc.
|
training/7496
|
training/7496 |@title ecuador:1 get:1 loan:1 help:1 repair:1 oil:1 pipeline:1 |@word andean:1 development:1 corp:1 caf:2 say:1 today:2 lend:1 11:1 7:1 mln:1 dlrs:1 ecuador:2 help:2 repair:3 25:1 mile:1 oil:2 pipeline:3 destroy:1 earthquake:2 earlier:1 month:2 loan:2 sign:1 office:1 caracas:1 base:1 corporation:1 president:1 galo:1 montano:1 perez:1 ecuadorean:2 ambassador:1 antonio:1 parra:1 gil:1 originally:1 intend:1 finance:1 expansion:1 follow:1 government:1 ask:3 term:1 change:1 permit:1 use:1 reconstruction:1 expect:1 production:2 suspend:1 four:1 result:1 damage:1 venezuela:1 supply:1 50:1 000:3 barrel:1 per:1 day:1 opec:1 member:1 quota:1 210:1 bpd:2 organization:1 allow:1 produce:1 310:1 complete:1 compensate:1 loss:1
|
ECUADOR GETS LOAN TO HELP REPAIR OIL PIPELINE
The Andean Development Corp (CAF) said
today it is lending 11.7 mln dlrs to Ecuador to help repair 25
miles of oil pipeline destroyed by an earthquake earlier this
month.
the loan was signed here today in the offices of the
caracas based caf by the corporation's president, galo montano
perez and ecuadorean ambassador antonio parra gil.
the loan had originally been intended to finance an
expansion of the pipeline, but following the earthquake the
ecuadorean government asked for the terms to be changed so as
to permit their use in reconstruction.
Ecuador expects oil production to be suspended for four
months as a result of the damage, and has asked Venezuela to
help by supplying 50,000 barrels per day while the pipeline is
repaired.
The OPEC member has a production quota of 210,000 bpd but
has asked the organization to allow it to produce 310,000 bpd
once the repairs are completed so as to compensate the loss.
|
training/7497
|
training/7497 |@title harmon:1 hrmn:1 buy:1 recycling:1 firm:1 cash:1 |@word harmon:1 industries:1 inc:2 say:1 sign:1 letter:1 intent:1 acquire:1 3:1 5:1 mln:1 dlrs:1 majority:1 stock:1 snp:1 portland:1 oregon:1 base:1 company:1 patent:1 reprocess:1 used:1 railroad:1 tie:2 new:1 resale:1
|
HARMON <HRMN> TO BUY RECYCLING FIRM FOR CASH
Harmon Industries Inc said it
signed a letter of intent to acquire for about 3.5 mln dlrs, a
majority of the stock of SNP Inc, a Portland, Oregon-based
company which has patents to reprocess used railroad ties into
new ties for resale.
|
training/7498
|
training/7498 |@title santa:1 fe:1 energy:1 partners:1 lp:1 sfp:1 qtly:1 payout:1 |@word qtly:1 cash:1 distribution:1 72:2 ct:2 vs:1 prior:1 pay:1 may:1 15:1 record:1 march:1 31:1
|
SANTA FE ENERGY PARTNERS LP <SFP> QTLY PAYOUT
Qtly cash distribution 72 cts vs 72 cts prior
Pay May 15
Record March 31
|
training/7499
|
training/7499 |@title fed:1 datum:1 suggest:1 u:1 credit:1 policy:1 hold:1 |@word late:3 federal:1 reserve:4 datum:2 suggest:2 u:3 banking:1 system:2 flush:1 go:2 period:5 traditional:1 tightness:1 overall:2 monetary:2 policy:2 hold:1 economist:4 say:8 ample:1 liquidity:2 fed:8 shift:1 gear:1 present:1 time:1 least:1 another:3 month:2 maria:1 ramirez:2 drexel:2 burnham:1 lambert:1 inc:3 technical:1 seasonal:2 consideration:1 aside:1 nothing:1 credit:1 market:2 get:2 excited:1 add:3 robert:1 di:5 clemente:5 salomon:4 brothers:1 adjust:1 bank:6 borrowing:2 discount:2 window:2 average:2 228:1 mln:7 dlrs:4 day:2 first:4 week:9 statement:2 end:2 next:3 wednesday:1 compare:2 233:1 451:1 previous:1 two:2 sign:3 abundant:1 upward:1 revision:1 net:1 free:1 march:3 11:1 daily:1 759:1 estimate:1 660:1 finally:1 spokesman:1 tell:1 press:1 briefing:1 14:2 money:2 center:1 absent:1 third:1 run:1 split:1 large:2 regional:1 small:1 modest:2 open:1 intervention:1 apparently:1 enough:1 defuse:1 funding:1 pressure:2 predict:1 would:2 aggressive:1 come:3 inject:1 temporary:1 directly:1 indirectly:1 four:1 five:1 trading:1 via:1 customer:1 repurchase:1 agreement:1 feed:1 fund:1 relatively:1 intense:1 note:2 approach:1 quarter:1 round:1 holiday:1 tax:1 date:1 april:3 face:1 adding:1 requirement:1 ward:1 mccarthy:2 merrill:2 lynch:1 co:1 expect:1 permanent:1 bill:1 purchase:2 coupon:1 early:1 also:3 hearten:1 deceleration:1 supply:1 growth:4 largely:1 discredit:1 1:3 gauge:1 closely:1 watch:1 2:6 3:5 aggregate:1 grow:1 mere:1 500:1 nine:1 private:1 forecast:1 dlr:1 rise:1 weekly:1 components:1 hint:1 slow:1 increase:1 surprisingly:1 suspect:1 way:2 moderate:1 set:1 figure:1 could:4 even:1 bottom:1 respective:1 target:1 range:1 february:2 18:1 billion:2 upper:1 limit:1 20:1 8:1 beneath:1 vice:1 chairman:1 johnson:1 encouraging:1 remark:1 inflation:2 today:1 recent:2 interest:1 rate:3 cut:1 overseas:1 slowing:1 lend:1 support:1 call:1 accommodation:1 belief:1 still:1 move:2 downwards:1 anything:1 else:1 key:1 swing:1 factor:1 continue:1 strength:1 economy:2 jeffrey:1 leeds:1 chemical:1 agree:1 health:1 remain:1 main:1 influence:1 contrary:1 fast:1 lead:1 high:1 commit:1 either:1 major:1 may:1 wait:1 trade:1 due:1 release:1
|
FED DATA SUGGEST U.S. CREDIT POLICY IS ON HOLD
Latest Federal Reserve data suggest
that the U.S. banking system is flush with reserves going into
a period of traditional tightness and that overall monetary
policy is on hold, economists said.
'There is ample liquidity.... The Fed is not going to shift
gears at the present time or for at least another month,' said
Maria Ramirez of Drexel Burnham Lambert Inc.
'Technical and seasonal considerations aside, there is
nothing for the (credit) market to get excited about,' added
Robert di Clemente of Salomon Brothers Inc.
Adjusted bank borrowings from the Fed's discount window
averaged only 228 mln dlrs a day in the first week of the bank
statement period ending next Wednesday, compared with 233 mln
and 451 mln in the first weeks of the previous two periods.
Another sign of abundant liquidity was the upward revision
in banks' net free reserves in the two-week period to March 11
to a daily average of 759 mln dlrs from an estimated 660 mln.
Finally, a Fed spokesman told a press briefing that the 14
money center banks were absent from the Fed's discount window
for the third week running, with the latest week's borrowing
split between the large regional and the smaller banks.
While modest open market intervention was apparently enough
to defuse any funding pressures in the first week of the latest
statement period, economists predicted that the Fed would have
to be more aggressive in coming weeks.
The Fed injected temporary reserves directly and indirectly
on four of the five trading days via system and customer
repurchase agreements.
'Fed funds will be coming under relatively intense
pressure,' said Salomon's di Clemente, noting the approaching
month- and quarter-end and the round of holidays and tax dates
in April.
'The Fed is faced with a large seasonal adding
requirement,' said Ward McCarthy of Merrill Lynch and Co Inc,
who expects a permanent bill purchase next week and a coupon
purchase in early April.
Economists were also heartened by further signs of a
deceleration in money supply growth, not only in the largely
discredited M-1 gauge but also in the more closely watched M-2
and M-3 aggregates.
M-1 grew a mere 500 mln dlrs in the week to March nine,
compared with private forecasts of a 2.3 mln dlr rise. Weekly
M-2 and M-3 components also hinted at slower overall growth.
'The M-1 increase was surprisingly modest and I suspect we
are on our way to another moderate set of M-2 and M-3 figures
for March,' said Salomon's di Clemente. Merrill's McCarthy said
they could even come in below the bottom of their respective
target ranges.
In February, M-2 was 18.2 billion dlrs below its upper
limit and M-3 was 20.8 billion beneath.
Noting Fed Vice Chairman Johnson's encouraging remarks on
inflation today and recent interest rate cuts overseas, some
economists suggested this slowing in monetary growth could lend
support to calls for further accommodation here.
'Our belief is that we could still get a move downwards in
rates before anything else,' said Salomon's di Clemente, adding
that the key swing factor will continue to be the strength of
the U.S. economy.
Jeffrey Leeds of Chemical Bank agreed that the economy's
health would remain the main influence on policy but, contrary
to di Clemente, he said that recent signs of faster growth and
inflation could lead to higher rates first.
Drexel's Ramirez did not commit herself either way, adding
that the next major move may have to wait until April 14 when
February's U.S. trade data are due for release.
|
training/75
|
training/75 |@title ico:1 exporter:1 modify:1 new:1 proposal:1 |@word international:1 coffee:1 organization:1 ico:2 exporter:1 modify:1 new:1 proposal:1 quota:2 resumption:1 present:1 importer:1 tomorrow:1 delegate:1 say:3 change:1 discuss:1 tonight:1 informally:1 among:1 producer:3 follow:1 talk:1 formal:1 session:1 eight:1 member:1 splinter:1 group:1 affect:1 propose:2 distribution:1 12:1 month:1 april:1 one:1 share:1 would:1 still:1 include:1 shortfall:1 declaration:1
|
ICO EXPORTERS TO MODIFY NEW PROPOSAL
International Coffee Organization (ICO)
exporters will modify their new proposal on quota resumption
before presenting it to importers tomorrow, ICO delegates said.
The change, which will be discussed tonight informally
among producers, follows talks after the formal producer
session with the eight-member producer splinter group and will
affect the proposed quota distribution for 12 months from April
one, they said.
The proposed share-out would still include shortfall
declarations, they said.
|
training/7500
|
training/7500 |@title u:2 say:1 signal:1 send:1 ship:1 movement:1 |@word navy:1 battle:2 group:3 lead:1 u:5 aircraft:1 carrier:1 kitty:4 hawk:4 northern:1 arabian:3 sea:3 amid:1 renew:1 concern:2 safety:2 shipping:3 coast:1 iran:3 official:3 say:5 today:1 pentagon:2 spokesman:1 fred:1 hoffmann:1 report:1 naval:1 strike:1 force:3 region:1 mean:1 united:2 states:2 send:2 new:1 warning:1 escalate:1 attack:2 persian:2 gulf:4 nothing:1 like:1 happen:1 signal:1 operate:1 area:2 usually:1 normal:1 water:1 suppose:1 month:1 warplane:1 mainstay:1 indian:2 ocean:1 patrol:1 vast:1 extend:1 subcontinent:1 south:1 mideast:1 task:1 north:1 10:1 warship:1 either:1 end:1 strategic:1 strait:2 hormuz:1 custom:1 decline:1 confirm:1 exact:1 whereabout:1 ship:3 state:1 department:1 cite:1 pass:1 vital:1 oil:1 supply:1 run:1 conduct:1 repeat:1 teheran:1 recently:1 equip:1 powerful:1 chinese:1 italian:1 make:1 anti:1 missile:1 pose:1 great:1 threat:1
|
U.S. SAYS NO SIGNAL BEING SENT BY SHIP MOVEMENTS
A U.S. Navy battle group led by the
U.S. aircraft carrier Kitty Hawk is in the northern Arabian Sea
amid renewed concern about the safety of shipping off the coast
of Iran, U.S. officials said today.
But Pentagon spokesman Fred Hoffmann said that reports the
naval strike force was in the region did not mean the United
States was sending a new warning to Iran against escalating
attacks on shipping in the Persian Gulf.
'Nothing like that has happened,' he said. 'No signal is being
sent.'
He said that the Kitty Hawk is operating in an area where
it usually does. 'It's normal. It's in the waters where it's
supposed to be. It's been there for over a month.'
The Kitty Hawk and its force of warplanes is the mainstay
of the U.S. Indian Ocean Battle Group which patrols a vast area
extending from the Indian subcontinent through the Arabian Sea.
With the Kitty Hawk and its group in the Arabian Sea to the
south and the U.S. Mideast Task Force in the Persian Gulf to
the north, the United States has 10 warships on either end of
the strategic Straits of Hormuz.
The Pentagon, as is its custom, declined to confirm the
exact whereabouts of the ships or what they were up to.
State Department officials cited concern about the safety
of ships passing through the Straits on the vital oil supply
run to the Gulf.
Iran has conducted repeated attacks on shipping in the Gulf
and U.S. officials have said that Teheran has recently equipped
itself with powerful Chinese and Italian-made anti-ship
missiles, posing a greater threat.
|
training/7501
|
training/7501 |@title costa:1 rica:1 sell:1 sugar:1 soviet:1 union:1 |@word costa:2 rica:2 agree:1 sell:2 32:1 000:3 tonne:4 sugar:5 year:2 soviet:3 union:2 spokesman:1 local:1 producer:1 say:4 miguel:1 alfaro:4 president:1 agricultural:1 league:1 cane:1 industry:2 sale:1 follow:1 recent:1 50:1 pct:1 cut:1 quota:1 export:2 u:1 45:1 could:1 deal:1 similar:1 one:1 soviets:1 make:1 recently:1 dominican:1 republic:1 ship:2 load:1 25:1 pacific:1 port:1 punta:1 morale:1 monday:1 second:1 take:1 additional:1 7:1 107:1 two:1 day:1 later:1 source:1 decline:1 disclose:1 price:1
|
COSTA RICA SELLS SUGAR TO SOVIET UNION
Costa Rica has agreed to sell more
than 32,000 tonnes of sugar this year to the Soviet Union, a
spokesman for local producers said.
Miguel Alfaro, president of the agricultural league of the
sugar cane industry, said the sale follows a recent 50 pct cut
in Costa Rica's quota for sugar exports to the U.S.
Alfaro said up to 45,000 tonnes of sugar could be exported
to the Soviet Union this year under the deal, which is similar
to one the Soviets made recently with the Dominican Republic.
A Soviet ship will load 25,000 tonnes at the Pacific port
of Punta Morales Monday, Alfaro said, and a second ship will
take an additional 7,107 tonnes two days later.
Alfaro and other industry sources declined to disclose the
price at which the sugar was sold.
|
training/7504
|
training/7504 |@title bayou:1 international:1 buy:1 stake:1 solomecs:1 |@word bayou:3 international:1 ltd:3 say:2 purchase:1 one:1 third:1 outstanding:1 stock:1 solmecs:3 corp:1 n:1 v:1 netherlands:1 antilles:1 corporation:1 1:1 750:1 000:1 dlrs:1 also:1 receive:1 two:1 seat:1 board:1 55:1 2:1 pct:1 australia:1 wide:1 industries:1 develop:1 technology:1 relate:1 energy:1 conversion:1
|
BAYOU INTERNATIONAL BUYS STAKE IN SOLOMECS
<Bayou International Ltd> said it
purchased one-third of the outstanding stock of Solmecs Corp
N.V., a Netherlands Antilles corporation, for 1,750,000 dlrs.
Bayou said it will also receive two seats on Solmecs'
board.
Bayou Ltd is 55.2 pct owned by Australia Wide Industries
Ltd.
Solmecs develops technology relating to energy conversion.
|
training/7505
|
training/7505 |@title micropro:1 international:1 corp:1 mpro:1 4th:1 qtr:1 net:1 |@word quarter:1 end:1 feb:1 28:1 shr:2 four:2 ct:4 vs:6 seven:1 net:2 500:3 000:6 900:1 revs:2 9:1 200:1 10:1 year:1 12:1 600:1 1:1 17:1 6:1 mln:2 20:1 8:1
|
MICROPRO INTERNATIONAL CORP <MPRO> 4TH QTR NET
Quarter ended Feb 28
Shr four cts vs seven cts
Net 500,000 vs 900,000
Revs 9,200,000 vs 10,500,000
Year
Shr four cts vs 12 cts
Net 600,000 vs 1,500,000
Revs 17.6 mln vs 20.8 mln
|
training/7508
|
training/7508 |@title explosive:1 fabricators:1 inc:1 1st:1 qtr:1 jan:1 31:1 net:1 |@word net:1 41:1 724:1 vs:2 120:1 329:1 revs:1 1:2 194:1 556:1 504:1 702:1
|
(EXPLOSIVE FABRICATORS INC) 1ST QTR JAN 31 NET
Net 41,724 vs 120,329
Revs 1,194,556 vs 1,504,702
|
training/7510
|
training/7510 |@title new:1 chief:1 elect:1 world:1 sugar:1 organisation:1 |@word dominican:2 alfredo:1 ricart:3 take:1 executive:1 director:1 international:2 sugar:4 organization:1 iso:3 mid:1 april:1 officer:1 charge:1 constantin:1 politoff:1 say:3 previous:1 chief:1 william:1 miller:1 retire:1 end:1 february:1 last:1 year:1 tell:1 reuters:1 first:1 aim:1 put:1 house:1 order:1 new:3 administrative:1 pact:2 improved:1 allocation:1 vote:1 right:1 financial:1 contribution:1 time:1 dedicate:1 work:1 towards:1 agreement:1 isa:1 economic:1 clause:1 currently:1 republic:1 ambassador:1 austria:1 netherlands:1 un:1 geneva:1 visit:1 four:1 major:1 exporter:1 australia:1 brazil:1 cuba:1 european:1 community:1 talk:1 government:1 producer:1 find:2 problem:1 prevent:1 country:1 common:1 ground:1
|
NEW CHIEF ELECTED FOR WORLD SUGAR ORGANISATION
Dominican Alfredo Ricart will take over
as executive director of the International Sugar Organization
(ISO) in mid-April, ISO officer in charge Constantin Politoff
said.
Previous ISO chief William Miller retired at end-February
last year.
Ricart told Reuters his first aim is put the 'house in order'
by having a new administrative sugar pact with improved
allocations of voting rights and financial contributions.
Once this is done, time can be dedicated to working towards
a new International Sugar Agreement (ISA) with economic
clauses, he said.
Ricart, currently the Dominican Republic's ambassador to
Austria, the Netherlands and the UN in Geneva, said he will
visit the four major exporters - Australia, Brazil, Cuba and
the European Community - to talk to governments and producers
and find out about problems that are preventing these countries
finding common ground for a new sugar pact.
|
training/7512
|
training/7512 |@title international:1 sugar:1 pact:1 renegotiate:1 |@word international:2 sugar:4 agreement:1 isa:1 renegotiate:2 organization:1 iso:7 officer:1 charge:1 constantin:1 politoff:2 tell:1 reuters:1 special:2 session:5 pact:5 council:3 decision:1 take:1 six:1 monthly:1 may:3 alternative:1 autumn:1 london:1 conference:2 another:1 without:1 economic:2 clause:2 different:1 voting:1 budgetary:1 structure:1 geneva:1 base:1 next:3 year:4 new:2 say:5 delegate:2 latter:1 would:4 consider:1 world:3 four:1 major:1 exporter:2 australia:1 brazil:1 cuba:1 european:1 community:1 resolve:1 difference:1 price:1 best:1 support:1 share:6 today:2 call:2 u:3 earlier:1 indicate:1 able:1 pay:4 56:1 pct:2 budget:3 try:1 find:1 way:2 balance:1 50:1 000:2 stg:2 later:1 currently:2 three:1 quarter:1 800:1 cause:1 controversy:1 full:2 contribution:1 last:1 current:1 soviet:2 union:2 change:1 halve:1 importer:2 30:1 half:1 soviets:1 want:1 single:1 category:1 member:2 cost:1 pro:1 rata:1 trade:1 executive:1 committee:1 meet:1 april:1 23:1 week:1 19:1 12:1 import:1 44:1 export:1
|
INTERNATIONAL SUGAR PACT TO BE RENEGOTIATED
The International Sugar Agreement (ISA)
will be renegotiated, International Sugar Organization (ISO)
officer in charge Constantin Politoff told Reuters after a
special session of the pact's council.
A decision on how to renegotiate will be taken at the ISO
six monthly session in May. The alternatives are between an
autumn London conference for another pact without economic
clauses, but a different voting and budgetary structure, or a
Geneva-based conference next year for a new pact with economic
clauses, he said.
But delegates said the latter would only be considered if
the world's four major exporters -- Australia, Brazil, Cuba and
the European Community -- can resolve differences over how
prices can best be supported and how to share the world
Today's special session was called because the U.S. earlier
indicated it would only be able to pay 56 pct of its share of
the ISO budget.
At today's council session Politoff said the U.S. would try
and find a way to pay the balance of about 50,000 stg later
this year. Currently, about three quarters of this year's ISO
800,000 stg budget has not been paid but delegates said the
U.S. caused controversy as it said it might not pay its full
contribution in the last year of the current pact.
The Soviet Union has called for changes to the way the ISO
budget is shared out. Currently it is halved between importers
and exporters and the Soviet Union has a 30 pct share of the
importer half. The Soviets want a new sugar pact to have only a
single category of members who would all share the costs pro
rata to their share of world sugar trade.
The ISO executive committee next meets on April 23 with the
next full council session in the week of May 19.
There are 12 importing and 44 exporting members of the ISO.
|
training/7514
|
training/7514 |@title laser:1 lser:1 see:1 impact:1 suit:1 earning:1 |@word laser:2 corp:1 say:3 cost:2 associate:1 defense:1 two:1 shareholder:2 lawsuit:1 could:1 result:1 net:1 loss:1 1987:1 although:1 expect:1 post:1 earning:1 operation:1 year:1 spokesman:1 may:1 wipe:1 legal:1 depend:1 length:1 litigation:1 addition:1 company:3 ask:1 approve:1 proposal:1 merge:1 main:1 subsidiary:1 reincorporate:1 delaware:1 change:1 name:1
|
LASER <LSER> SEES IMPACT FROM SUIT ON EARNINGS
Laser Corp said that costs associated
with its defense of two shareholder lawsuits could result in a
net loss for 1987.
Although Laser expects to post earnings from operations for
the year, a spokesman said they might be wiped out by legal
costs, depending on the length of litigation.
In addition, the company said it will ask shareholders to
approve proposals to merge the company into its main
subsidiary, reincorporate in Delaware and change the company's
name.
|
training/7515
|
training/7515 |@title e:1 c:1 official:1 say:1 fate:1 veg:1 oil:1 tax:1 uncertain:1 |@word whether:1 european:1 community:1 council:2 minister:1 approve:2 propose:1 tax:2 vegetable:1 oil:1 spark:1 threat:1 u:3 retaliation:2 uncertain:1 ec:4 official:1 say:3 far:1 certain:1 go:1 sir:1 roy:1 denman:3 head:1 delegation:1 washington:1 tell:1 reporter:1 address:1 foreign:1 trade:4 association:1 note:1 britain:1 remain:1 opposed:1 plan:1 west:1 germany:1 oppose:1 past:1 representative:1 clayton:1 yeutter:1 threaten:1 would:1 limit:1 soybean:1 export:2 action:1 expect:1 soon:1 willing:1 negotiate:1 agriculture:1 new:1 round:1 talk:1 unwilling:1 single:1 subsidy:2 negotiating:1 agenda:1 put:1 agricultural:1 policy:1 special:1 fast:1 track:1 key:1 solution:1 area:1 seem:1 framing:1 gatt:1 general:1 agreement:1 tariffs:1 wording:1 tackle:1 government:1 farmer:1 side:1 atlantic:1
|
E.C. OFFICIAL SAYS FATE OF VEG OIL TAX UNCERTAIN
Whether the European Community's
Council of Ministers will approve a proposed tax on vegetable
oils that has sparked threats of U.S. retaliation is uncertain,
an EC official said.
'It is very far from certain that it will go through,' Sir
Roy Denman, Head of the EC Delegation in Washington, told
reporters before he addressed the Foreign Trade Association.
Denman noted Britain remains opposed to the plan and West
Germany has opposed it in the past.
U.S. Trade Representative Clayton Yeutter has threatened
retaliation if the tax is approved, as it would limit U.S.
soybean exports to the EC. Council action is expected soon.
Denman said while the EC is willing to negotiate about
agriculture in a new round of trade talks, it is unwilling to
single out export subsidies on a negotiating agenda or put
agricultural policy on a special fast track.
'The key to a solution in this area seems to me not in the
framing of the GATT (General Agreement on Tariffs and Trade)
wording...but in tackling government subsidies to farmers on
both sides of the Atlantic,' he said.
|
training/7516
|
training/7516 |@title pension:1 insurance:1 group:1 pgai:1 4th:1 qtr:1 |@word shr:2 profit:5 two:3 ct:4 vs:6 net:3 216:1 000:7 265:1 revs:2 1:2 7:1 mln:4 4:1 year:3 four:1 loss:2 528:1 290:1 5:3 9:1 note:1 1986:1 include:2 realize:2 investment:2 gain:2 3:1 dlrs:1 1985:1 4th:1 qtr:1 16:1 35:1 dlr:1 respectively:1
|
PENSION INSURANCE GROUP <PGAI> 4TH QTR
Shr profit two cts vs profit two cts
Net profit 216,000 vs 265,000
Revs 1.7 mln vs 1.4 mln
Year
Shr profit four cts vs loss two cts
Net profit 528,000 vs loss 290,000
Revs 5.9 mln vs 5.5 mln
NOTE:1986 net includes realized investment gains of 3,000
dlrs in year. 1985 4th qtr and year includes realized
investment gains of 16,000 and 35,000 dlr respectively.
|
training/7517
|
training/7517 |@title transamerica:1 corp:1 ta:1 quarterly:1 dividend:1 |@word qtly:1 div:1 44:2 ct:2 vs:1 pay:1 april:2 30:1 record:1 4:1
|
TRANSAMERICA CORP <TA> QUARTERLY DIVIDEND
Qtly div 44 cts vs 44 cts
Pay April 30
Record April 4
|
training/7518
|
training/7518 |@title southern:1 california:1 edison:1 co:1 sce:1 qtly:1 div:1 |@word qtly:1 div:1 57:2 ct:2 vs:1 pay:1 april:2 30:1 record:1 3:1
|
SOUTHERN CALIFORNIA EDISON CO <SCE> QTLY DIV
Qtly div 57 cts vs 57 cts
Pay April 30
Record April 3
|
training/7519
|
training/7519 |@title comprehensive:1 care:1 corp:1 cmph:1 quarterly:1 div:1 |@word qtly:1 div:1 nine:2 ct:2 vs:1 pay:1 may:2 21:1 record:1 1:1
|
COMPREHENSIVE CARE CORP <CMPH> QUARTERLY DIV
Qtly div nine cts vs nine cts
Pay May 21
Record May 1
|
training/7520
|
training/7520 |@title great:1 western:1 savings:1 bank:1 gwsb:1 quarterly:1 div:1 |@word qtly:1 div:1 12:2 ct:2 vs:1 pay:1 april:2 8:1 record:1 1:1
|
GREAT WESTERN SAVINGS BANK <GWSB> QUARTERLY DIV
Qtly div 12 cts vs 12 cts
Pay April 8
Record April 1
|
training/7521
|
training/7521 |@title senate:1 want:1 japan:1 semiconducter:1 pact:1 enforce:1 |@word u:2 senate:8 unanimously:1 call:1 president:1 reagan:3 immediately:1 force:2 japan:6 live:1 pledge:1 stop:1 dump:1 microchip:1 open:1 market:1 chipmaker:1 vote:1 93:1 0:1 urge:1 impose:1 penalty:1 japanese:1 high:1 technology:1 product:1 contain:1 semiconductor:2 retaliation:2 see:1 violation:2 pact:1 measure:2 bind:1 action:1 leader:2 say:1 adoption:1 would:3 warn:1 stiffer:1 legislation:1 consider:1 continue:1 want:1 send:1 message:1 let:1 know:1 feel:1 matter:1 democratic:1 robert:1 byrd:1 tell:2 finance:1 committee:1 chairman:1 lloyd:1 bentsen:1 aim:1 correct:1 unfair:1 trade:3 practice:1 key:1 house:1 lawmaker:1 representative:1 richard:1 gephardt:1 also:1 announce:1 seek:1 country:1 huge:1 surplus:2 slash:1 10:1 pct:1 year:2 three:1
|
SENATE WANTS JAPAN SEMICONDUCTER PACT ENFORCED
The U.S. Senate has unanimously
called for President Reagan immediately to force Japan to live
up to a pledge to stop dumping its microchips and open its
markets to U.S. Chipmakers.
The Senate voted 93 to 0 to urge Reagan to impose penalties
on Japanese high-technology products containing semiconductors
in retaliation for what it sees as Japan's violations of the
semiconductor pact.
While the measure does not bind Reagan to any action,
Senate leaders said its adoption would warn Japan stiffer
legislation would be considered if the violations continue.
'We want to send a message to Japan to let it know how the
Senate feels about this matter,' Senate Democratic Leader Robert
Byrd told the Senate.
Senate Finance Committee chairman Lloyd Bentsen told the
Senate the measure was not aimed at retaliation but at
correcting Japan's unfair trade practices.
A key House trade lawmaker, Representative Richard Gephardt
also announced he would seek to force Japan and other countries
with huge trade surpluses to slash their surplus by 10 pct a
year for three years.
|
training/7528
|
training/7528 |@title reagan:2 say:2 u:2 must:2 lessen:2 reliance:2 foreign:2 oil:2 |@word
|
REAGAN SAYS U.S. MUST DO MORE TO LESSEN RELIANCE ON FOREIGN OIL
REAGAN SAYS U.S. MUST DO MORE TO LESSEN RELIANCE ON FOREIGN OIL
|
training/7529
|
training/7529 |@title reagan:1 say:1 u:1 need:1 lessen:1 oil:1 import:1 |@word president:2 reagan:4 say:5 united:1 states:1 must:1 lessen:1 reliance:3 import:2 oil:4 nationally:1 televise:1 news:1 conference:1 rise:2 u:2 foreign:2 problem:1 administration:3 study:2 increase:1 strategic:1 petroleum:1 reserve:1 already:1 propose:1 deregulate:1 natural:1 gas:1 eliminate:1 windfall:1 profit:1 tax:1 crude:1 production:2 however:1 complain:1 congress:1 yet:1 approve:1 measure:1 department:1 energy:1 earlier:1 week:1 release:1 report:1 warn:1 time:1 domestic:1 decline:1 suggest:1 option:1 consider:1 make:1 specific:1 recommendation:1
|
REAGAN SAYS U.S. NEEDS TO LESSEN OIL IMPORTS
President Reagan said the United
States must do more to lessen its reliance on imported oil.
President Reagan said during a nationally televised news
conference that the rising U.S. reliance on foreign oil is a
problem that the administration is studying.
'We have to study this more,' Reagan said. 'This is why we
increased the Strategic (Petroleum) Reserve, but we have to do
more,' he said.
Reagan said his administration has already proposed
deregulating natural gas and eliminating the windfall profits
tax on crude oil production.
However, he complained that Congress had not yet approved
those measures.
The Department of Energy earlier this week released a
report that warned of rising U.S. reliance on foreign oil
imports at a time when domestic production is declining. It
suggested options for the administration to consider, but made
no specific recommendations.
|
training/7531
|
training/7531 |@title taiwan:1 export:1 order:1 fall:1 february:1 |@word export:1 order:4 taiwanese:1 product:1 fall:2 1:1 37:1 pct:2 3:2 58:1 billion:3 u:2 dlrs:3 february:3 63:1 january:2 rise:2 nearly:1 43:1 2:1 51:1 year:1 earlier:1 economic:1 ministry:1 official:1 say:1 attribute:1 taiwan:1 dollar:1 electric:1 electronic:1 good:1 619:1 mln:9 574:1 370:1 1986:1 garment:1 324:1 383:1 283:1 footwear:1 297:1 compare:1 333:1 200:1
|
TAIWAN'S EXPORT ORDERS FALL IN FEBRUARY
Export orders for Taiwanese products
fell 1.37 pct to 3.58 billion U.S. Dlrs in February from 3.63
billion in January, but rose nearly 43 pct from 2.51 billion a
year earlier, an Economic Ministry official said.
He attributed the fall to the rising Taiwan dollar.
February orders for electric and electronic goods were 619
mln U.S. Dlrs, up from 574 mln in January and 370 mln in
February 1986. Garment orders were 324 mln dlrs against 383 mln
and 283 mln while footwear orders were 297 mln compared with
333 mln and 200 mln.
|
training/7533
|
training/7533 |@title bolivian:1 miner:1 call:1 general:1 strike:1 |@word 9:1 000:2 miner:4 employ:1 state:1 corporation:2 comibol:2 declare:1 general:1 strike:4 midnight:1 0400:1 gmt:1 press:1 high:1 salary:1 statement:2 federation:1 bolivian:1 mine:1 workers:1 say:4 call:1 defend:1 nationalise:1 mining:1 industry:1 willing:1 negotiate:1 government:3 president:2 victor:1 paz:1 estenssoro:1 show:1 intention:1 meet:1 striker:1 demand:1 design:1 cause:1 embarrassment:1 four:1 day:1 visit:1 west:1 german:1 richard:1 von:1 weizsaecker:1 start:1 friday:1 police:1 violently:1 evict:1 office:1 worker:1 city:1 oruro:1 begin:1 hunger:1 yesterday:1 sack:1 20:1 deficit:1 ride:1 since:1 collapse:1 international:1 price:1 tin:1 lay:1 represent:1 two:1 third:1 original:1 workforce:1
|
BOLIVIAN MINERS CALL GENERAL STRIKE
About 9,000 miners employed by the
state corporation, Comibol, declared a general strike as from
midnight (0400 gmt) to press for higher salaries, a statement
by the federation for Bolivian mine workers said.
It said the strike was called to defend the nationalised
mining industry. The miners were willing to negotiate with the
government of President Victor Paz Estenssoro, but only if it
showed an intention to meet the strikers' demands.
The government said the strike was designed to cause it
embarrassment during the four-day visit of West German
President Richard Von Weizsaecker, which starts on Friday.
The miners statement said police had violently evicted
Comibol office workers in the city of Oruro after they began a
hunger strike yesterday.
The government has sacked about 20,000 miners from its
deficit-ridden corporation since the collapse in the
international price of tin. The lay-offs represent about
two-thirds of the original workforce.
|
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