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training/8155
|
training/8155 |@title booker:1 plc:1 bokl:1 l:1 1986:1 year:1 |@word shr:1 27:2 89p:1 vs:15 24:1 24p:1 div:1 9:2 0p:2 7:3 75p:2 make:1 13:2 12:1 turnover:1 1:4 26:1 billion:2 stg:1 19:1 pretax:2 profit:3 54:1 6:2 mln:21 46:1 5:8 tax:1 16:2 interest:2 pay:1 2:6 4:4 minority:1 3:5 debit:1 extraordinary:1 item:1 42:1 loss:1 include:1 agribusiness:1 28:2 22:1 health:1 product:1 wholesale:1 food:2 distribution:2 8:1 retail:1 u:2 k:1 21:1
|
BOOKER PLC <BOKL.L> 1986 YEAR
Shr 27.89p vs 24.24p
Div 9.0p vs 7.75p making 13.75p vs 12.0p
Turnover 1.26 billion stg vs 1.19 billion
Pretax profit 54.6 mln vs 46.5 mln
Tax 16.5 mln vs 13.5 mln
Interest paid 2.2 mln vs 2.4 mln
Minority interests 2.3 mln debit vs same
Extraordinary items 42.3 mln profit vs 5.4 mln loss
Pretax profit includes -
Agribusiness 28.3 mln vs 22.5 mln
Health products 6.5 mln vs 5.4 mln
Wholesale food distribution 8.3 mln vs 7.3 mln
Retail food distribution 4.2 mln vs 5.9 mln
U.K. 28.7 mln vs 27.2 mln
U.S. 21.1 mln vs 16.1 mln
|
training/8156
|
training/8156 |@title philippines:1 criticise:1 ec:1 vegetable:1 oil:1 levy:1 |@word philippines:1 trade:6 industry:1 secretary:1 jose:1 concepcion:3 tell:1 world:3 minister:3 wonder:2 agreement:3 real:2 value:2 european:1 community:1 ec:3 impose:1 levy:3 vegetable:2 oil:3 speak:1 informal:1 meeting:2 general:1 tariffs:1 gatt:1 say:5 declare:1 uruguay:1 last:1 september:1 less:1 developed:1 nation:3 disrupt:1 ignore:1 manila:1 request:1 low:2 tariff:1 coconut:1 introduce:1 fat:1 vital:1 export:1 southeast:1 asian:1 country:2 may:1 reject:1 council:1 note:1 help:1 whether:1 produce:1 like:1 also:1 industrialise:1 save:1 65:1 billion:1 u:1 dlrs:1 1985:1 commodity:1 price:1 affect:1 ability:1 develop:2 import:1 good:1 service:1 health:1 growth:1 require:1 new:1 development:1 lose:1 share:1 arrest:1 reverse:1
|
PHILIPPINES CRITICISES EC FOR VEGETABLE OIL LEVY
Philippines Trade and
Industry Secretary Jose Concepcion told world trade ministers
he wondered if their agreement was of any real value after the
European Community (EC) imposed a levy on vegetable oils.
Concepcion, speaking at an informal meeting of the General
Agreement on Tariffs and Trade (GATT) here, said ministers
declared in Uruguay last September that the trade of
less-developed nations should not be disrupted.
He said the EC not only ignored Manila's request for lower
tariffs on coconut oil but introduced a levy on vegetable oils
and fats that are vital exports for Southeast Asian countries.
Concepcion said while the levy might be rejected by the EC
Council of Ministers, he noted that 'I cannot help but wonder
whether the agreements we produce in meetings like this are of
any real value.'
He also said industrialised nations saved about 65 billion
U.S. Dlrs in 1985 through low commodity prices, but this had
affected the ability of developing nations to import goods and
services.
'The health and the growth of world trade requires that the
new development of developing countries losing their share of
world trade be arrested and reversed,' he said.
|
training/8158
|
training/8158 |@title burma:1 say:1 debt:1 service:1 ratio:1 fall:1 48:1 8:1 pct:1 |@word burma:3 debt:3 service:1 ratio:1 fall:2 48:1 8:1 pct:3 fiscal:1 year:1 end:1 march:2 1987:1 50:1 1985:2 1986:4 official:1 council:2 people:1 inspector:1 cpi:2 report:2 western:1 diplomat:2 rangoon:1 estimate:1 figure:3 70:1 say:4 country:2 longer:1 depend:1 foreign:4 exchange:2 reserve:2 cover:1 week:1 import:1 oversee:1 government:1 spending:1 late:1 parliament:1 currency:1 record:1 low:1 407:1 9:1 mln:2 kyat:3 september:1 430:1 3:3 early:1 available:2 servicing:1 cost:1 1:1 62:1 billion:3 earning:1 export:1 revenue:1 plus:1 loan:2 aid:2 total:1 23:1 period:1 later:1 4:1 dlrs:1 apply:1 united:1 nations:1 reclassify:1 one:1 world:1 least:1 developed:1 order:1 qualify:1 soft:1 grant:1
|
BURMA SAYS DEBT SERVICE RATIO FALLS TO 48.8 PCT
Burma's debt service ratio will have
fallen to 48.8 pct in the fiscal year to end-March 1987 from 50
pct in 1985-1986, the official Council of People's Inspectors
(CPI) reported.
Western diplomats in Rangoon estimate the figure at above
70 pct and say the country can no longer depend on foreign
exchange reserves to cover more than a few weeks' imports.
The CPI, which oversees government spending, said in its
latest report to parliament that foreign currency reserves fell
to a record low of 407.9 mln kyats in September 1986 from 430.3
mln in March 1986. Earlier figures were not available.
Debt servicing cost Burma 1.62 billion kyats in 1985-1986
while foreign exchange earnings -- export revenues plus loans
and aid -- totalled 3.23 billion kyats in the same period, the
council said.
Later figures were not available.
Burma, which diplomats here say now has foreign debts of up
to 3.4 billion dlrs, has applied to the United Nations to be
reclassified as one of the world's least developed countries in
order to qualify for softer loan and grant aid.
|
training/8159
|
training/8159 |@title india:1 buy:1 24:1 000:1 tonne:1 rbd:1 olein:1 tender:1 |@word indian:1 state:1 trading:1 corporation:1 stc:2 buy:1 four:1 cargo:4 rbd:1 palm:1 olein:1 total:1 24:1 000:4 tonne:5 vegetable:1 oil:2 import:1 tender:1 last:1 week:1 trader:1 say:2 market:1 report:1 friday:1 book:1 two:1 business:1 comprise:1 three:1 6:2 june:1 346:1 dlrs:3 july:1 340:1 per:1 cif:2 also:1 secure:1 20:1 optional:1 origin:1 rapeseed:1 may:1 15:2 jun:1 shipment:1 321:1
|
INDIA BOUGHT 24,000 TONNES OF RBD OLEIN AT TENDER
The Indian State Trading Corporation
(STC) bought four cargoes of rbd palm olein totalling 24,000
tonnes at its vegetable oil import tender last week, traders
said. Market reports on Friday said the STC had booked two
cargoes.
The business comprised three 6,000 tonne cargoes for June
at 346 dlrs and 6,000 tonnes for July at 340 dlrs per tonne
cif.
It also secured a 20,000 tonne cargo of optional origin
rapeseed oil for May 15/Jun 15 shipment at 321 dlrs cif.
|
training/816
|
training/816 |@title u:2 brass:1 mill:1 copper:1 stock:1 low:1 january:1 |@word brass:3 mill:4 copper:2 stock:1 fall:1 185:1 400:2 short:4 ton:12 content:1 end:2 january:5 191:1 200:1 december:5 accord:1 american:1 bureau:1 metal:1 statistic:1 consumption:2 increase:3 60:1 700:1 48:1 900:2 consume:1 29:1 600:2 refinery:1 shape:1 versus:1 24:2 000:1 scrap:1 31:1 100:2 total:1 shipment:1 69:1 54:1 receipt:1 rise:1 63:1 800:1 47:1
|
U.S. BRASS MILL COPPER STOCKS LOWER IN JANUARY
U.S. brass mill copper stocks fell to
185,400 short tons (copper content) at the end of January from
191,200 short tons at the end of December, according to the
American Bureau of Metal Statistics.
Consumption by brass mills increased to 60,700 short tons
in January from 48,900 short tons in December.
Mills consumed 29,600 tons of refinery shapes in January
versus 24,000 tons in December. Scrap consumption increased to
31,100 tons in January from 24,900 tons in December.
Total brass mill shipments increased to 69,600 tons in
January from 54,400 tons in December, while receipts rose to
63,800 tons from 47,100 tons.
|
training/8160
|
training/8160 |@title bp:1 grangemouth:1 refinery:1 shut:1 hydrocracker:1 damage:1 |@word entire:1 british:1 petroleum:1 co:1 plc:1 refinery:7 grangemouth:2 scotland:1 shut:1 follow:2 explosion:4 fire:3 severely:1 damage:2 hydrocracker:5 site:2 spokesman:3 say:7 rest:1 178:1 500:1 bpd:6 include:1 19:1 000:3 catalytic:1 cracker:1 undamage:1 whole:2 close:1 pende:1 enquiry:1 decision:1 reopen:1 main:1 unit:2 take:1 next:1 couple:1 day:1 extensive:2 central:1 part:1 32:1 upgrade:1 heavy:1 oil:1 product:2 gasoline:1 operation:2 month:1 bp:2 suffer:1 supply:1 shortage:1 result:1 able:1 bring:1 source:1 437:1 rotterdam:1 181:2 900:2 ingolstadt:1 west:1 germany:1 plant:2 lavera:1 france:1 small:1 swedish:1 one:1 worker:1 kill:2 occur:1 operate:1 half:1 capacity:1 since:1 end:1 january:1 overhaul:1 carry:1 north:1 side:1 complex:1 work:1 schedule:1 complete:1 mid:1 april:1 assess:1 accident:2 two:1 people:1 flare:1 line:1 march:1 13:1 incident:1 100:1 yard:1 late:1
|
BP GRANGEMOUTH REFINERY SHUT, HYDROCRACKER DAMAGED
The entire British Petroleum Co PLC
refinery at Grangemouth in Scotland has been shut down
following the explosion and fire that severely damaged the
hydrocracker at the site, a refinery spokesman said.
He said the rest of the 178,500 bpd refinery, including the
19,000 bpd catalytic cracker, was undamaged. The whole refinery
was closed pending enquiries but a decision when to reopen the
main units will be taken in the next couple of days, he said.
But there was extensive damage to the central part of the
32,000 bpd hydrocracker, which upgrades heavy oil products to
gasoline, and it will be out of operation for some months.
The spokesman said BP will not suffer supply shortages as a
result of the explosion as it will be able to bring in product
from other sources. BP has a 437,000 bpd refinery in Rotterdam,
a 181,900 bpd unit at Ingolstadt, West Germany, a 181,900 bpd
plant at Lavera in France and a smaller Swedish plant.
He said the explosion and fire, in which one worker was
killed, occurred when the hydrocracker was not in operation.
The refinery as a whole had been operating at about half of
its capacity since the end of January while an extensive
overhaul was carried out on the North Side of the complex where
the hydrocracker is sited, he said.
This work was scheduled to be completed by mid-April, but
this is now being assessed following the hydrocracker accident.
Two people were killed in an explosion and fire in a flare
line at the Grangemouth refinery on March 13, but the spokesman
said this incident was some 100 yards from the latest accident.
|
training/8161
|
training/8161 |@title deng:1 set:1 limit:1 china:1 grain:1 imports:1 paper:1 say:1 |@word china:3 top:1 leader:1 deng:4 xiaoping:1 say:6 must:2 import:3 10:2 mln:8 tonne:4 grain:7 ming:1 pao:1 newspaper:3 hong:1 kong:1 customs:1 figure:1 show:1 7:1 73:1 1986:2 5:1 97:1 1985:1 record:1 16:1 15:1 1982:1 quote:3 output:2 one:1 several:1 key:1 issue:1 influence:1 whole:1 development:1 economy:1 give:2 context:1 remark:1 1987:1 production:1 target:2 405:1 391:1 situation:2 reach:2 point:1 pig:1 feed:1 enough:1 increase:1 slow:1 overall:1 economic:1 planning:1 put:1 agriculture:1 proper:1 place:1 480:1 year:2 2000:1 avoid:1 recent:1 paper:1 state:1 council:1 decide:1 raise:1 price:1 five:1 include:1 corn:1 rice:1 unchanged:1 since:1 1978:1 detail:1
|
DENG SETS LIMIT TO CHINA GRAIN IMPORTS, PAPER SAYS
China's top leader Deng Xiaoping said
China must not import more than 10 mln tonnes of grain, Ming
Pao newspaper of Hong Kong said.
Customs figures show that China imported 7.73 mln tonnes of
grain in 1986, up from 5.97 mln in 1985 but down from a record
16.15 mln in 1982.
The newspaper quoted Deng as saying that grain output is
one of several key issues that will influence the whole
development of the economy. It did not give the context of his
remarks. The 1987 grain production target is 405 mln, up from
391 mln in 1986.
The newspaper quoted Deng as saying that the situation has
reached the point where 'pigs are not fed, there is not enough
grain and increases in output have slowed.'
'We should in our overall economic planning put agriculture
in its proper place to reach our target of 480 mln tonnes by
the year 2000,' he said. 'We must avoid the situation in recent
years of importing more than 10 mln tonnes of grain.'
The paper quoted Deng as saying that the State Council has
decided to raise the price of five grains, including corn and
rice, unchanged since 1978, but it gave no details.
|
training/8162
|
training/8162 |@title australia:1 woolworth:1 look:1 improve:1 profit:1 |@word woolworths:1 ltd:3 wlwa:1 say:4 policy:1 management:1 financial:1 change:2 initiate:1 1986:1 87:1 business:1 year:8 cause:1 profit:5 reach:1 acceptable:1 level:1 1987:1 88:1 end:3 february:2 1:2 net:2 report:2 earlier:2 fall:2 85:1 3:2 pct:3 result:2 first:1 month:1 new:4 encourage:1 period:1 uncertain:1 consumer:1 confidence:1 difficult:1 trading:1 condition:1 statement:1 big:2 w:3 discount:1 store:2 division:1 south:1 wales:1 supermarket:1 produce:1 disappointing:1 add:1 woolworth:6 9:1 27:1 mln:8 63:1 20:4 sale:3 5:1 47:1 billion:2 4:1 83:1 capital:1 spending:1 119:1 dlrs:4 105:1 previous:1 50:2 open:1 total:1 target:1 company:1 provide:1 operating:1 cover:1 mark:1 stock:2 extraordinary:1 item:1 include:1 53:1 dlr:1 property:1 investment:2 less:1 28:1 provision:1 reorganise:1 chain:1 unrelated:1 u:2 group:2 f:1 z:1 n:1 subject:1 takeover:1 speculation:1 since:1 industrial:1 equity:1 acquire:1 stake:2 last:2 zealand:1 diversify:1 rainbow:1 corp:1 buy:1 safeway:2 stores:1 inc:1 sa:1 hold:1 190:1 late:1 put:1 tender:1 time:1 take:1 advantage:1 tax:1 law:1 effective:1 december:1 inform:1 source:1 share:1 close:1 australian:1 exchange:1 today:1 five:1 cent:1 friday:1
|
AUSTRALIA'S WOOLWORTHS LOOKS TO IMPROVED PROFITS
Woolworths Ltd <WLWA.S> said policy,
management and financial changes initiated during the 1986/87
business year should cause profits to reach more acceptable
levels in 1987/88 end-February 1.
Net profit reported earlier fell 85.3 pct in the year ended
February 1.
Results for the first month of the new year were
encouraging after a period of uncertain consumer confidence and
difficult trading conditions, it said in a statement.
The Big W discount store division and New South Wales
supermarkets produced very disappointing results, it added.
Woolworths earlier reported a fall in net profit to 9.27
mln from 63.20 mln on sales of 5.47 billion against 4.83
billion. Capital spending for the year was 119 mln dlrs against
105 mln for the previous year with 50 new stores opened, but
total sales were below target, Woolworths said.
The company provided 20 mln dlrs against operating profit
for the year to cover mark-downs on stock.
Extraordinary items included a 53 mln dlr profit on the
sale of properties and investments less a 28 mln provision for
reorganising the Big W chain.
Woolworths is unrelated to the U.S. Group F.W. Woolworth
<Z.N>. It has been the subject of takeover speculation since
<Industrial Equity Ltd> acquired a 20 pct stake last year.
New Zealand's diversified investment group <Rainbow Corp
Ltd> bought Safeway Stores Inc's <SA> 20 pct holding in
Woolworths for 190 mln dlrs late last year.
Safeway put its stake up for tender just in time to take
advantage of changes in U.S. Tax laws effective from the end of
December, informed sources said.
Woolworths shares closed on Australian stock exchanges
today at 3.50 dlrs, down five cents from Friday.
|
training/8163
|
training/8163 |@title booker:1 say:1 1987:1 start:1 well:1 |@word booker:1 plc:1 bokl:1 l:1 say:2 1987:1 start:1 well:1 group:3 resource:1 invest:1 growth:2 business:1 organically:1 acquisition:1 comment:1 figure:1 1986:1 show:1 pretax:1 profit:4 rise:3 54:3 6:2 mln:8 46:1 5:3 previously:2 u:2 account:1 39:1 pct:1 total:1 result:1 broadly:1 line:1 analyst:1 forecast:1 company:2 share:1 firm:1 morning:1 trading:1 421p:1 413p:1 friday:1 close:1 end:1 year:1 cash:1 surplus:1 higher:1 stg:1 compare:1 26:1 capital:1 expenditure:1 43:1 statement:1 k:1 agribusiness:1 report:1 excellent:1 health:1 product:1 4:1
|
BOOKER SAYS 1987 STARTS WELL
Booker Plc <BOKL.L> said 1987 had
started well and the group had the resources to invest in its
growth business both organically and by acquisition.
It was commenting on figures for 1986 which showed pretax
profits rising to 54.6 mln from 46.5 mln previously. Profits
from the U.S. Accounted for 39 pct of the total. The results
were broadly in line with analysts' forecasts and the company's
shares firmed in morning trading to 421p from 413p at Friday's
close.
The group ended the year with a cash surplus higher at 54
mln stg, compared to 26 mln previously, after capital
expenditure which rose to 54 mln from 43 mln.
In a statement, the company said the U.K. Agribusiness
group reported excellent profits growth while health products
profits rose to 6.5 mln from 5.4 mln.
|
training/8164
|
training/8164 |@title bangladesh:1 forecast:1 gdp:1 growth:1 4:2 pct:1 |@word gross:1 domestic:1 product:1 expect:2 grow:1 4:4 pct:4 year:6 end:2 june:2 30:1 finance:1 minister:1 mohammad:1 syeduzzaman:3 tell:1 reporter:1 inflation:2 fall:1 estimate:2 12:2 fiscal:1 17:1 1981:5 82:5 say:8 last:1 night:1 world:1 bank:1 independent:1 source:1 would:2 around:1 15:1 1986:2 87:2 remittance:1 expatriate:1 rise:1 600:1 mln:11 dlrs:5 425:1 foreign:2 exchange:1 reserve:1 project:1 680:1 compare:1 105:1 export:1 target:1 set:1 900:1 626:1 commitment:2 loan:1 grant:1 total:2 five:2 billion:2 3:1 54:1 previously:1 government:3 liberal:1 industrial:1 policy:1 attract:1 investment:1 250:1 foodgrain:1 output:1 16:2 tonne:2 1985:1 86:1 14:1 official:1 bangladesh:1 must:1 import:1 nearly:1 two:1 grain:1 annually:1 1990:1 attain:1 self:1 sufficiency:1 food:1
|
BANGLADESH FORECASTS GDP GROWTH OF 4.4 PCT
Gross domestic product is expected to
grow by 4.4 pct in the year ending June 30, Finance Minister
Mohammad Syeduzzaman told reporters.
Inflation fell to an estimated 12 pct this fiscal year from
17 pct in 1981/82, he said last night.
The World Bank and other independent sources have said
inflation would be around 15 pct in 1986/87.
Syeduzzaman said remittances from expatriates would rise to
600 mln dlrs this year from 425 mln in 1981/82.
Foreign exchange reserves at end-June are projected at 680
mln dlrs compared with 105 mln in 1981/82, he said.
Syeduzzaman said the export target has been set at 900 mln
dlrs this year against 626 mln in 1981/82. Commitments for
foreign loans and grants total more than five billion dlrs in
1986/87, against 3.54 billion five years previously, he said.
The government's liberal industrial policy has attracted
investment commitments totalling 250 mln dlrs, he said
Foodgrain output is estimated at 16.4 mln tonnes this year,
up from 16.12 mln in 1985/86 and 14.4 mln in 1981/82.
Government officials have said Bangladesh must import
nearly two mln tonnes of grain annually up to 1990, when the
government expects to attain self-sufficiency in food.
|
training/8166
|
training/8166 |@title beghin:1 say:1 increase:1 capital:1 finance:1 expansion:1 |@word french:3 sugar:1 group:3 beghin:6 say:9 49:1 6:1 pct:1 italy:2 gruppo:1 ferruzzi:2 raise:2 capital:5 703:2 mln:7 franc:9 527:1 three:2 one:3 issue:3 share:3 investment:2 certificate:2 finance:3 expansion:3 president:1 jean:1 marc:1 verne:4 tell:1 analyst:1 first:1 stage:1 2:2 05:1 new:3 65:2 500:1 increase:3 660:1 currently:1 trade:1 734:1 658:1 000:1 400:1 bring:1 around:1 1:1 billion:1 fund:1 plan:2 include:2 possible:2 acquisition:2 corn:3 product:3 maize:2 starch:2 plant:4 haubourdin:2 northern:1 france:1 several:1 bid:2 buy:1 installation:2 europe:1 apart:1 factory:1 west:1 germany:1 two:2 britain:1 spain:1 netherlands:1 denmark:1 put:1 650:1 dlr:1 price:1 tag:1 estimate:1 would:2 cost:1 80:1 100:1 dlrs:1 fail:1 consider:1 acquire:1 develop:1 either:1 wheat:1 sector:1 also:1 european:2 kaysersberg:2 subsidiary:2 another:1 major:1 reason:1 transform:1 division:1 fully:1 fledged:1 chemical:1 last:1 year:1 hold:1 talk:1 company:2 accord:1 add:1 could:1 introduce:1 onto:1 paris:1 bourse:1 near:1 future:1
|
BEGHIN-SAY INCREASES CAPITAL TO FINANCE EXPANSION
French sugar group Beghin-Say, which is
49.6 pct owned by Italy's Gruppo Ferruzzi, is to raise its
capital to 703 mln francs from 527 mln through a three-for-one
issue of shares and investment certificates to finance
expansion, president Jean-Marc Vernes told analysts.
For the first stage Beghin-Say will issue some 2.05 mln new
65 franc shares at 500 francs to increase capital to 660 mln
francs. The share currently trades at 734 francs. Then 658,000
new 65 franc investment certificates will be issued at 400
francs, raising capital to 703 mln francs.
The capital increase will bring the group around 1.2
billion francs in new funds to finance its expansion plans.
These include the possible acquisition of the Corn Products
maize starch plant at Haubourdin in northern France, Vernes
said.
Ferruzzi is one of several groups bidding to buy all of
Corn Products' installations in Europe. Apart from the French
plant, these include three factories in each of Italy and West
Germany, two in Britain and Spain and one in the Netherlands
and Denmark.
Corn Products has put a 650 mln dlr price tag on the
installations, and Beghin-Say estimates that acquisition of the
Haubourdin plant would cost between 80 and 100 mln dlrs, Vernes
said.
If this bid fails, Beghin-Say would consider acquiring and
developing two other French plants, either in the maize or
wheat starch sector.
Beghin-Say is also planning to finance European expansion
for its Kaysersberg subsidiary, another major reason for its
capital increase.
Kaysersberg, which was transformed from a division of
Beghin-Say into a fully-fledged chemical subsidiary last year,
has been holding talks with other European companies on
possible accords, Vernes said. He added the company could be
introduced onto the Paris Bourse in the near future.
|
training/8167
|
training/8167 |@title iraq:1 report:1 raids:1 iran:1 nowruz:1 oil:1 field:1 |@word iraq:2 say:4 warplane:1 launch:1 two:1 bombing:1 raid:3 iran:2 offshore:1 nowruz:1 oilfield:1 northern:1 gulf:1 today:2 military:1 spokesman:1 quote:1 official:1 iraqi:2 news:1 agency:1 platform:1 field:3 reduce:1 rubble:1 attack:2 55:1 mile:1 northwest:1 kharg:1 island:1 oil:3 terminal:1 carry:1 0600:1 gmt:1 fall:1 within:1 policy:1 deprive:1 iranian:2 ruler:1 revenue:1 use:1 serve:1 aggressive:1 aim:1 plane:1 yesterday:1 nearby:1 ardeshir:1 resume:1 target:1 month:1 long:1 lull:1
|
IRAQ REPORTS RAIDS IRAN'S NOWRUZ OIL FIELD
Iraq said its warplanes launched two
bombing raids on Iran's offshore Nowruz oilfield in the
northern Gulf today.
A military spokesman, quoted by the official Iraqi news
agency, said platforms at the field were reduced 'to rubble.'
He said attacks on the field, 55 miles northwest of Iran's
Kharg Island oil terminal, were carried out at 0600 GMT. He
said today's raids 'fall within Iraq's policy to deprive Iranian
rulers of oil revenue used to serve their aggressive aims.'
Iraqi planes yesterday raided the nearby Ardeshir oil
field, resuming attacks on Iranian targets after a month-long
lull.
|
training/8168
|
training/8168 |@title bank:1 france:1 say:1 money:1 market:1 tender:1 today:1 |@word bank:4 france:1 hold:1 money:1 market:5 intervention:3 tender:2 today:1 rule:1 cut:3 7:2 3:2 4:2 pct:3 rate:4 central:1 source:2 say:2 depend:1 condition:1 inject:1 liquidity:2 buy:1 first:2 category:1 paper:1 recent:1 franc:1 performance:1 leave:1 room:1 quarter:1 point:1 plenty:1 eight:1 march:1 9:1 change:1 since:1 january:1 2:1 interest:1 also:1 fall:1 week:1 britain:1 belgium:1 italy:1
|
BANK OF FRANCE SAYS NO MONEY MARKET TENDER TODAY
The Bank of France will not hold a money
market intervention tender today, ruling out a further cut in
its 7-3/4 pct intervention rate, central bank sources said.
At the tenders, depending on market conditions, the Bank
injects liquidity into the market by buying up first category
paper. But market sources said that while the recent franc
performance leaves room for a further quarter point cut in the
intervention rate there was plenty of market liquidity.
The Bank cut its rate to 7-3/4 pct from eight pct on March
9, the first change since January 2. Interest rates also fell
the same week in Britain, Belgium and Italy.
|
training/8169
|
training/8169 |@title 23:2 mar:2 1987:2 |@word
|
23-MAR-1987
23-MAR-1987
|
training/817
|
training/817 |@title mfs:2 municipal:1 income:1 trust:1 mfm:1 set:1 payout:1 |@word municipal:1 income:2 trust:1 say:2 declare:1 monthly:1 distribution:2 5:3 7:1 ct:2 share:2 compare:1 pay:1 previous:1 month:1 payable:1 march:2 27:1 shareholder:1 record:1 13:1
|
MFS MUNICIPAL INCOME TRUST <MFM> SETS PAYOUT
MFS Municipal Income Trust said it
declared a monthly income distribution of 5.7 cts a share
compared with 5.5 cts a share paid in the previous month.
It said the distribution is payable March 27 to
shareholders of record March 13.
|
training/8172
|
training/8172 |@title balladur:1 see:1 two:1 pct:1 french:1 growth:1 1987:1 |@word french:2 1987:1 growth:4 probably:1 two:3 pct:7 last:4 year:4 due:1 international:1 environment:1 less:1 favourable:1 expect:2 finance:1 minister:1 edouard:1 balladur:3 quote:1 saying:1 treasury:1 director:1 daniel:1 lebegue:1 say:3 month:2 gross:1 domestic:1 product:1 grow:2 2:4 5:2 original:1 target:2 8:1 although:1 line:1 late:1 organisation:1 economic:1 cooperation:1 development:1 oecd:1 estimate:1 1:3 forecast:1 balance:1 investment:1 export:1 interview:1 daily:1 les:2 echos:2 gdp:1 compare:2 initial:1 1986:1 1985:2 tell:1 aim:1 reduce:1 1988:1 budget:1 deficit:3 115:1 billion:4 franc:2 figure:1 129:1 141:1 already:1 announce:1 intention:1 cut:1 100:1 1989:1
|
BALLADUR SEES ONLY TWO PCT FRENCH GROWTH IN 1987
French 1987 growth will probably be about
two pct, the same as last year, due to an international
environment that is less favourable than expected, Finance
Minister Edouard Balladur was quoted as saying.
Treasury director Daniel Lebegue said last month that gross
domestic product is expected to grow by between two and 2.5 pct
this year, against an original target of 2.8 pct.
Although in line with the latest Organisation for Economic
Cooperation and Development (OECD) estimate of 2.1 pct growth,
the forecast will be balanced by growth in investments and
exports, Balladur said in an interview with the daily Les
Echos.
Last month Balladur said French GDP had grown by just two
pct last year, compared with an initial 1986 target of 2.5 pct
and 1.1 pct growth in 1985.
He told Les Echos he aims to reduce the 1988 budget deficit
to 115 billion francs from this year's figure of 129 billion
and compared with a 141 billion deficit in 1985.
He has already announced his intention of cutting the
deficit to 100 billion francs in 1989.
|
training/8173
|
training/8173 |@title french:1 gdp:1 rise:1 2:1 3:1 pct:1 1988:1 ministry:1 |@word french:1 gross:1 domestic:1 product:1 grow:1 2:12 3:2 pct:24 1988:7 two:4 growth:1 year:22 1:8 1986:4 finance:2 ministry:2 say:3 late:1 forecast:5 prepare:4 national:1 accounts:1 budget:3 commission:3 assume:1 exchange:1 rate:1 6:3 20:1 franc:2 dollar:1 next:5 average:2 oil:1 import:1 price:2 rise:7 18:1 9:5 dlrs:2 barrel:1 17:1 4:3 14:1 7:3 head:1 minister:1 edouard:1 balladur:1 fall:2 consumer:1 inflation:2 end:2 1987:1 last:6 annual:2 term:1 would:2 5:5 trade:1 show:1 one:1 billion:2 surplus:2 0:2 add:1 employment:1 state:1 deficit:1 cut:1 gdp:1 indicate:1 8:1 household:2 purchasing:1 power:1 less:1 consumption:1 compare:1 business:1 investment:2 four:1 private:1 sector:1 productive:1 six:1 update:1 autumn:1 serve:1 basis:1 government:1 presentation:1 september:1
|
FRENCH GDP SHOULD RISE 2.3 PCT IN 1988 - MINISTRY
French gross domestic product should grow
by 2.3 pct in 1988 after two pct growth this year and 2.1 pct
in 1986, the Finance Ministry said.
The latest forecast, prepared by the National Accounts and
Budget Commission, assumed an exchange rate of 6.20 francs to
the dollar this year and next and an average oil import price
rising to 18.9 dlrs a barrel next year from 17.4 dlrs this year
and 14.7 in 1986.
The Commission, headed by Finance minister Edouard
Balladur, forecast a fall in consumer price inflation to two
pct year-on-year at end-1988 from 2.4 pct at end 1987 and 2.1
pct last year.
In annual average terms inflation would fall to two pct in
1988 from 2.5 pct this year and 2.7 pct last year, it said.
Trade should show a one billion franc annual surplus this
year and next after last year's 0.5 billion surplus, it added.
Employment should rise by 0.1 pct a year over the next two
years while the state budget deficit should be cut to 2.2 pct
of GDP in 1988 from 2.6 pct this year and 2.9 pct in 1986.
Other forecasts prepared by the Commission indicated a 1.8
pct 1988 rise in household purchasing power, up from 1.1 pct
this year but less than last year's 2.9 pct, and a 1.6 pct rise
in household consumption, compared with this year's 1.5 pct and
last year's 2.9 pct.
Business investment is forecast to rise four pct a year
this year and next after 3.7 pct last year, with private sector
productive investment rising 4.9 pct in 1988 after a six pct
rise this year and 5.5 pct in 1986.
The Ministry said updated forecasts would be prepared
before the autumn to serve as the basis for the 1988 budget,
which the government is now preparing for presentation in
September.
|
training/8174
|
training/8174 |@title danish:1 trade:1 balance:1 february:1 |@word denmark:1 balance:1 payment:1 current:1 account:1 provisionally:2 put:1 zero:1 february:7 181:1 mln:2 crown:3 surplus:2 january:3 1:1 5:1 billion:8 deficit:2 1986:3 national:1 statistics:1 office:1 say:1 export:1 rise:2 13:2 94:2 12:2 53:1 14:1 16:1 last:1 year:1 import:1 35:1 15:1 67:1 figure:1 give:1 trade:1 1987:1 180:1 3:1 04:1 period:1
|
DANISH TRADE IN BALANCE IN FEBRUARY
Denmark's balance of payments on
current account was provisionally put at zero in February,
against a 181 mln crown surplus in January and a 1.5 billion
deficit in February 1986, the National Statistics Office said.
Exports rose to 13.94 billion crowns in February from 12.53
billion in January, against 14.16 billion in February last
year. February imports rose to 13.94 billion from 12.35 billion
in January, against 15.67 billion in February 1986.
The February figure provisionally gives a trade surplus for
1987 of 180 mln crowns, against a 3.04 billion deficit in the
same 1986 period.
|
training/8176
|
training/8176 |@title beghin:1 say:1 see:1 solution:1 ec:1 sugar:1 dispute:1 |@word settlement:1 could:1 soon:1 reach:1 dispute:1 european:3 sugar:7 producer:10 community:1 ec:7 export:3 licencing:1 policy:2 jean:1 marc:1 verne:3 president:1 french:2 beghin:1 say:5 lead:1 protest:2 tell:1 journalist:1 today:1 contact:1 authority:1 past:1 day:1 indicate:1 move:1 towards:1 solution:1 add:1 happen:1 would:4 withdraw:3 854:1 000:2 tonne:2 offer:6 intervention:4 involve:1 770:1 alone:1 prompt:1 since:1 mid:1 1986:1 rebate:3 fail:1 give:1 equivalent:1 price:1 obtain:1 last:1 week:3 tender:1 commission:1 make:1 apparent:1 concession:1 maximum:1 1:2 3:1 currency:1 unit:1 ecus:2 per:1 100:1 kilo:1 level:2 need:1 compare:1 previous:1 2:1 5:1 necessary:1 form:1 compromise:1 take:1 reaffirm:1 long:1 term:1 desire:1 world:1 market:2 provide:1 lose:1 money:1 april:1 officially:1 enter:1 store:1 time:1 following:1 five:1 official:1 payment:1 date:1 threaten:1 put:1 back:1 internal:1 refuse:1
|
BEGHIN-SAY SEES SOLUTION TO EC SUGAR DISPUTE
A settlement could soon be reached in the
dispute between European sugar producers and the European
Community over EC export licencing policies, Jean-Marc Vernes,
president of French sugar producer Beghin-Say, which is leading
the protest, told journalists today.
'Our contacts with the EC authorities over the past few days
indicate that we are moving towards a solution,' he said, adding
that if this happened the producers would withdraw the 854,000
tonnes of sugar they have offered into intervention.
Vernes said that the protest, involving 770,000 tonnes of
sugar from French producers alone, was prompted by the EC's
policy since mid-1986 of offering export rebates which failed
to give producers an equivalent price to that they would obtain
by offering sugar into EC intervention.
At last week's tender the EC Commission made an apparent
concession by offering a maximum rebate only 1.3 European
currency units (Ecus) per 100 kilos below the level producers
say is needed, compared with the previous week's rebate which
was 2.5 Ecus below the necessary level.
Vernes would not say what form any compromise between the
producers and the EC would take, but he reaffirmed the
long-term desire of producers to export to the world market,
providing they were not losing money by doing so.
Producers can withdraw their intervention offer after April
1, when the sugar will officially enter intervention stores, or
at any time over the following five weeks before the official
payment date.
The EC has threatened to put the sugar back on the internal
market if the producers refuse to withdraw their offers.
|
training/8177
|
training/8177 |@title dresdner:1 decline:1 comment:1 scrip:1 share:1 report:1 |@word dresdner:3 bank:5 ag:2 drsd:1 f:2 spokesman:1 say:2 comment:1 newspaper:1 report:2 shareholder:2 would:3 offer:2 free:3 subscription:1 share:4 surge:1 open:1 10:1 50:2 mark:2 high:1 319:1 climb:1 stock:1 also:1 rise:1 strongly:1 dealer:1 cite:1 speculation:1 already:2 market:1 deutsche:1 dbkg:1 make:1 similar:1 move:1 scrip:1 issue:2 occur:1 first:1 time:1 german:1 ever:1 varying:1 may:1 one:1 every:1 15:1 18:1 20:1 hold:1
|
DRESDNER DECLINES COMMENT ON SCRIP SHARE REPORT
A Dresdner Bank AG <DRSD.F> spokesman
said the bank had no comment on newspaper reports that
shareholders would be offered free subscription shares.
Dresdner shares surged to open 10.50 marks higher at
319.50, before climbing further. Other bank stocks also rose
strongly and dealers cited speculation already in the market
that Deutsche Bank AG <DBKG.F> would make a similar move. Such
'scrip' issues, if they occurred, would mark the first time
German banks had ever issued free shares.
The varying reports said Dresdner shareholders may be
offered one free share for every 15, 18 or 20 already held.
|
training/8178
|
training/8178 |@title u:1 k:1 longer:1 cyclical:1 indicator:1 rise:1 february:1 |@word u:1 k:1 longer:2 lead:3 cyclical:1 indicator:5 rise:4 february:4 5:4 8:1 pct:2 january:7 1:2 9:2 figure:1 central:1 statistical:1 office:2 show:4 base:1 1980:1 trend:2 economy:3 12:1 month:3 ahead:2 put:3 108:1 7:2 compare:2 102:1 99:1 1986:3 short:1 leading:1 signalling:1 six:1 97:1 late:1 datum:1 available:1 december:4 96:1 98:1 4:2 coincident:1 design:1 signal:1 current:1 turning:2 point:2 91:3 2:1 6:1 lag:1 index:2 cso:1 say:3 year:2 happen:1 92:2 93:1 0:1 earlier:1 still:1 consistent:1 picture:1 likely:1 future:1 development:1 business:1 cycle:1 britain:1 strong:1 due:1 mainly:1 share:1 price:1
|
U.K. LONGER CYCLICAL INDICATOR RISES IN FEBRUARY
The U.K. Longer leading cyclical
indicator rose in February by 5.8 pct after January's 1.9 pct
rise, figures from the Central Statistical Office show.
The indicator, base 1980, which shows trends in the economy
12 months ahead, was put at 108.7 in February compared with
102.7 in January and 99.5 in February 1986.
The shorter leading indicator, signalling trends six months
ahead, was put at 97.1 for January, the latest month for which
data were available, after December's 96.5. This compared with
98.4 in January 1986.
The coincident indicator, designed to signal current
turning points in the economy, was put at 91.2 in January, down
from 91.9 in December and 91.6 in january 1986.
The lagging index, which the CSO says shows a turning point
in the economy about a year after it happens, was at 92.4 in
January, down from 92.5 in December and 93.0 a year earlier.
The Office said leading indicators still do not show a
consistent picture of the likely future developments of the
business cycle in Britain.
It said the strong rise in the longer leading index between
December and February was due mainly to rises in share prices.
|
training/8179
|
training/8179 |@title australian:1 wheat:1 area:1 fall:1 forecaster:1 say:1 |@word australian:3 wheat:6 planting:2 forecast:4 fall:2 10:1 40:2 mln:5 hectare:2 1987:3 88:3 11:1 72:1 sown:1 1986:4 87:4 forecaster:2 pty:1 ltd:1 awf:5 say:7 first:1 preliminary:1 crop:6 reason:2 expect:2 production:2 would:2 less:2 16:1 5:2 tonne:2 last:2 year:2 private:1 new:2 south:1 wales:1 queensland:2 suffer:1 poor:2 yield:3 season:1 western:2 australia:4 state:3 average:2 assist:1 grower:2 sow:1 fallow:1 rest:1 paddock:1 main:1 low:1 estimate:1 profit:1 outlook:1 cost:1 credit:1 pressure:1 eastern:1 area:4 hold:1 provide:1 rainfall:1 june:1 although:1 farmer:1 intend:1 cut:1 back:1 20:1 pct:1 unlikely:1 since:1 need:1 cash:1 flow:1 problem:1 alternative:1 lack:1 statutory:1 marketing:1 oilseed:1 pulse:1 oat:1 cause:1 concern:1 comprise:1 high:1 proportion:1 income:1 follow:1 give:1 0:3 82:2 95:1 n:1 w:2 3:4 07:1 17:1 4:2 victoria:1 1:4 53:2 63:1 25:1 45:1 64:1 2:1 30:1 46:1 60:1
|
AUSTRALIAN WHEAT AREA TO FALL, FORECASTER SAYS
Australian wheat plantings are
forecast to fall to 10.40 mln hectares in 1987/88 from 11.72
mln sown in 1986/87, Australian Wheat Forecasters Pty Ltd (AWF)
said in its first preliminary crop forecast.
But there was no reason to expect Australian production in
1987/88 would be less than the 16.5 mln tonnes of last year,
the private forecaster said, as crops in New South Wales and
Queensland suffered from poor yields last season.
Most of the fall in plantings was expected in Western
Australia while state average yields would be assisted by
growers sowing wheat on fallows and rest paddocks, it said.
The main reason for a low Western Australia estimate was a
poor profit outlook under cost, credit and yield pressures. But
in the eastern states the wheat area should hold up provided
that rainfall between now and June is not less than average,
AWF said.
Although some farmers were saying they intended to cut back
wheat area by 20 pct, AWF said this was unlikely since they
needed cash flow and there were problems with alternative
crops.
'The lack of statutory marketing for oilseeds, pulses and
oats is a cause for concern if those crops are to comprise a
high proportion of growers' income,' AWF said.
AWF's state area forecasts in mln hectares, with 1986/87
production in mln tonnes, are as follows (crop forecasts were
not given for the new wheat year)
Area Crop
1987/88 1986/87 1986/87
Queensland 0.82 0.82 0.95
N.S.W. 3.07 3.17 4.40
Victoria 1.53 1.63 3.25
S.Australia 1.45 1.64 2.30
W.Australia 3.53 4.46 5.60
|
training/818
|
training/818 |@title pittway:1 corp:1 pry:1 4th:1 qtr:1 net:1 |@word shr:2 1:1 35:1 dlrs:4 vs:6 two:1 net:2 6:4 195:1 000:4 9:1 202:1 sale:2 157:1 5:1 mln:4 151:1 year:1 02:1 78:1 27:1 608:1 31:1 117:1 585:1 7:1 541:1 3:1
|
PITTWAY CORP <PRY> 4TH QTR NET
Shr 1.35 dlrs vs two dlrs
Net 6,195,000 vs 9,202,000
Sales 157.5 mln vs 151.6 mln
Year
Shr 6.02 dlrs vs 6.78 dlrs
Net 27,608,000 vs 31,117,000
Sales 585.7 mln vs 541.3 mln
|
training/8180
|
training/8180 |@title french:2 january:2 industrial:2 production:2 fall:2 1:2 98:2 pct:2 official:2 |@word
|
FRENCH JANUARY INDUSTRIAL PRODUCTION FELL 1.98 PCT - OFFICIAL
FRENCH JANUARY INDUSTRIAL PRODUCTION FELL 1.98 PCT - OFFICIAL
|
training/8182
|
training/8182 |@title u:1 k:1 money:1 market:1 shortage:1 forecast:1 revise:1 |@word bank:1 england:1 say:1 revise:1 forecast:1 deficit:1 money:1 market:1 today:1 750:1 mln:2 stg:1 800:1
|
U.K. MONEY MARKET SHORTAGE FORECAST REVISED DOWN
The Bank of England said it revised down
its forecast of the deficit in the money market today to 750
mln stg from 800 mln.
|
training/8184
|
training/8184 |@title japan:1 long:1 term:1 prime:1 see:1 cut:1 record:1 low:1 soon:1 |@word japan:1 long:4 term:4 bank:4 soon:1 cut:1 prime:3 rate:4 record:1 low:1 5:4 pct:3 0:3 2:1 3:1 percentage:2 point:2 response:1 fall:1 secondary:1 market:1 yield:1 five:2 year:2 debenture:3 banker:1 say:2 customarily:1 set:1 9:1 coupon:1 issue:1 every:1 month:1 late:1 4:1 6:1 meet:1 strong:1 end:1 investor:1 demand:1 prospect:1 decline:1 yen:1 interest:1 dealer:1 current:1 effect:1 since:1 february:1 28:1
|
JAPAN LONG-TERM PRIME SEEN CUT TO RECORD LOW SOON
Japan's long-term banks will soon cut
their prime rate, now at a record low 5.5 pct, by 0.2 or 0.3
percentage point in response to falling secondary market yields
on their five-year debentures, long-term bankers said.
The long-term prime rate is customarily set 0.9 percentage
point above the coupon on five-year bank debentures issued by
the long-term banks every month.
The latest bank debentures, at 4.6 pct, have met strong
end-investor demand on the prospect of further declines in yen
interest rates, dealers said. The current 5.5 pct prime rate
has been in effect since February 28.
|
training/8186
|
training/8186 |@title yeutter:1 see:1 u:1 japan:1 verge:1 trade:1 conflict:1 |@word united:1 states:1 japan:2 brink:1 serious:3 conflict:3 trade:11 especially:1 semiconductor:1 japanese:1 unwillingness:1 public:1 body:1 buy:1 u:5 super:1 computer:1 barrier:1 firm:1 seek:1 participate:1 eight:1 billion:3 dlr:2 kansai:1 airport:1 project:1 representative:1 clayton:1 yeutter:3 say:6 talk:3 reporter:3 yesterday:1 eve:1 two:1 day:2 meeting:2 minister:4 review:1 progress:2 make:2 committee:1 set:2 uruguay:1 last:1 september:1 launch:1 new:3 round:2 gatt:3 general:1 agreement:1 tariffs:1 european:1 community:1 ec:2 commissioner:1 willy:1 de:1 clercq:1 meanwhile:1 tell:3 world:2 three:1 major:1 trading:1 economic:1 power:1 poor:1 example:1 member:3 australian:1 john:1 dawkin:1 bilateral:1 retaliation:1 enormous:1 expense:1 rest:1 way:1 solve:1 dispute:1 zealand:1 mike:1 moore:1 colleague:1 great:1 prepare:1 current:1 negotiation:2 must:1 sidetrack:1 want:1 maintain:1 momentum:1 towards:1 fresh:1 avert:1 problem:1 international:1 tend:1 get:2 bogge:1 year:3 country:1 negotiate:1 end:1 maybe:1 five:1 six:1 future:1 also:2 consider:1 congress:3 protectionist:2 18:3 month:3 ago:3 healthy:1 development:1 add:2 ask:1 would:1 terribly:1 contemplative:1 begin:2 realise:2 protectionism:1 answer:1 170:2 deficit:2 legislate:1 solution:1 dollar:1 realistic:1 judgement:1 responsible:1 issue:1 12:1 whether:1 reflect:1 legislation:1 eventually:1 emerge:1 another:1 matter:1
|
YEUTTER SEES U.S., JAPAN VERGING ON TRADE CONFLICT
The United States and Japan
are on the brink of serious conflict on trade, especially over
semiconductors, Japanese unwillingness for public bodies to buy
U.S. Super-computers, and barriers to U.S. Firms seeking to
participate in the eight billion dlr Kansai airport project,
U.S. Trade Representative Clayton Yeutter said.
He was talking to reporters yesterday on the eve of a
two-day meeting of trade ministers which will review progress
made by committees set up after the Uruguay meeting last
September launched a new round of GATT (General Agreement on
Tariffs and Trade) talks.
European Community (EC) commissioner Willy de Clercq
meanwhile told reporters conflict between the world's three
major trading and economic powers -- the EC, the U.S. And Japan
-- set a poor example for other members of GATT.
Australian Trade Minister John Dawkins told the reporters
bilateral retaliation at the enormous expense of the rest of
the world was no way to solve trade disputes.
New Zealand trade minister Mike Moore told his colleagues
great progress had been made in preparing for the current round
of GATT negotiations which must not be sidetracked.
The ministers have said they want to maintain the momentum
towards fresh negotiations or avert serious trade conflicts.
Yeutter said the problem with international trade talks was
that they tended to get bogged down for years. 'Countries don't
get very serious about negotiating until the end of the day
which is, maybe, five or six years in the future.'
He also said he did not consider the new U.S. Congress as
protectionist as it was 18 months ago. 'That's a very healthy
development,' he added.'If you asked me about that a year or 18
months ago I would have said that it was terribly
protectionist.'
'Members of Congress, that is the contemplative members of
Congress, have begun to realise protectionism is not the answer
to the 170 billion dlr trade deficit,' Yeutter said.
'They've also begun to realise that you cannot legislate
solutions to a 170 billion dollar trade deficit so they are
more realistic and, in my judgement, more responsible on that
issue than they were 12 or 18 months ago.'
He added, 'Whether that will be reflected in the legislation
that eventually emerges is another matter.'
|
training/8188
|
training/8188 |@title iran:1 say:1 intend:1 threat:1 gulf:1 shipping:1 |@word iran:5 say:12 report:2 intend:2 threaten:1 ship:7 gulf:5 baseless:1 warn:1 u:10 country:1 interfere:1 region:2 tehran:3 radio:2 monitor:1 bbc:1 quote:2 foreign:1 ministry:1 spokesman:3 attempt:1 interference:1 would:3 meet:1 strong:1 response:1 moslem:1 world:1 defence:1 secretary:1 caspar:1 weinberger:3 remark:1 apparently:1 unrelated:1 broadcast:1 whatever:1 necessary:2 keep:4 lane:1 open:1 face:1 new:2 iranian:4 anti:3 missile:4 state:1 department:1 two:1 day:1 ago:1 tell:1 concern:1 pose:2 threat:2 free:2 flow:1 oil:1 official:1 chinese:1 make:1 silkworm:1 great:1 merchant:1 use:2 attack:1 mislead:1 propaganda:1 iraq:1 president:1 saddam:1 hussein:1 main:1 cause:2 tension:2 continue:1 legitimate:1 mean:1 stem:1 television:1 interview:1 fully:1 prepared:1 shipping:1 go:2 freedom:1 navigation:2 available:1 vital:1 waterway:1 disclosure:1 discussion:1 may:1 happen:1 certainly:1 sympathetic:1 listen:1 carefully:1 suggestion:1 assistance:1 area:2 warship:1 movement:1 unusual:1 navy:1 battle:1 group:1 lead:1 aircraft:1 carrier:1 kitty:1 hawk:1 currently:1 northern:1 arabian:1 sea:1 try:1 build:1 military:1 presence:1
|
IRAN SAYS IT INTENDS NO THREAT TO GULF SHIPPING
Iran said reports that it intended to
threaten shipping in the Gulf were baseless, and warned the
U.S. And other countries not to interfere in the region.
Tehran radio, monitored by the BBC, quoted a Foreign
Ministry spokesman as saying any attempt at interference would
be met by 'a strong response from Iran and other Moslems in the
world.'
U.S. Defence Secretary Caspar Weinberger, in remarks
apparently unrelated to the broadcast, said the U.S. Would do
whatever was necessary to keep shipping lanes open in the face
of new Iranian anti-ship missiles in the Gulf.
The U.S. State Department said two days ago Tehran had been
told of U.S. Concern that Iranian anti-ship missiles posed a
threat to the free flow of oil from the Gulf.
U.S. Officials have said Iran has new Chinese-made
anti-ship 'Silkworm' missiles, which pose a greater threat to
merchant ships than missiles used before.
The Iranian spokesman said the reports that Iran intended
to attack ships were 'misleading propaganda.'
He said Iraq's President Saddam Hussein was the main cause
of tension in the Gulf and said Iran would continue to use 'all
its legitimate means to stem the cause of tension.'
Weinberger said in a television interview in the U.S. 'We
are fully prepared to do what's necessary to keep the shipping
going and keep the freedom of navigation available in that very
vital waterway.'
'We aren't going into any disclosures or discussions of what
might happen, but we are certainly very sympathetic to and
listening carefully to any suggestions for our assistance in
keeping navigation free in that area,' he said.
Weinberger said U.S warship movements in the Gulf area were
not unusual.
A U.S. Navy battle group led by the aircraft carrier Kitty
Hawk is currently in the northern Arabian Sea.
The Iranian spokesman was quoted by Tehran radio as saying
the U.S. Was trying to build up its military presence in the
region.
|
training/8189
|
training/8189 |@title baker:1 deny:1 dollar:1 target:1 exist:1 u:1 |@word treasury:1 secretary:1 james:1 baker:4 say:10 meeting:1 six:1 major:1 industrial:1 nation:1 paris:1 last:1 month:1 establish:1 target:2 exchange:4 rate:4 dollar:4 television:1 interview:2 air:1 yesterday:1 decline:1 comment:1 may:1 desire:1 level:1 really:1 talk:1 protectionism:2 become:1 extremely:3 strong:2 u:4 response:1 widen:1 trade:1 deficit:1 import:2 barrier:2 country:3 mood:1 united:1 states:1 disturbing:1 sort:1 see:1 engage:1 real:1 struggle:1 preserve:1 world:3 free:1 trading:1 system:1 large:1 market:1 go:1 protectionist:1 run:1 risk:1 move:1 path:1 late:1 1930:1 relative:1 role:1 play:1 defuse:1 threat:1 alone:2 offer:1 solution:2 must:1 address:1 problem:1 side:2 solve:1 far:1 comprehensive:2 broad:1 require:1 approach:1 would:1 necessary:1 adjust:1 currency:1 upwards:1 well:1 remove:1 elaborate:1 name:1
|
BAKER DENIES DOLLAR TARGET EXISTS
U.S. Treasury Secretary James Baker
again said the meeting of six major industrial nations in Paris
last month did not establish a target exchange rate for the
dollar.
Baker said in a television interview aired here yesterday:
'We don't have a target for the dollar.' He declined to comment
on what might be a desired level for the dollar, saying: 'We
really don't talk about the dollar.'
He said protectionism was becoming 'extremely strong' in the
U.S. In response to widening U.S. Trade deficits and import
barriers in other countries.
'The mood in the United States is extremely disturbing. It's
extremely strong,' he said.
'As I've said before, we sort of see ourselves as engaged
here in a real struggle to preserve the world's free trading
system, because if the largest market in the world (the U.S.)
goes protectionist we run the risk of moving down the same path
that the world did in the late 1930s,' he said.
While relative exchange rates had a role to play in
defusing the threat of protectionism, it alone did not offer
any solution, he said.
'You must address this problem on the exchange rate side,
but it cannot be solved on the exchange rate side alone. It's
far more comprehensive and broad than that, and the solution of
it requires a comprehensive approach,' Baker said in the
interview.
Baker said it would be necessary for other countries to
adjust their currencies upwards, as well as remove their
barriers to U.S. Imports. But he did not elaborate or name any
countries.
|
training/8190
|
training/8190 |@title french:1 industrial:1 production:1 fall:1 january:1 |@word french:1 industrial:1 production:2 fall:1 seasonally:1 adjust:1 1:2 98:2 pct:3 january:6 revise:1 unchanged:1 output:4 december:3 national:1 statistics:1 institute:1 insee:3 say:3 figure:1 exclude:1 construction:2 public:1 work:1 put:1 index:1 base:4 1980:2 99:1 101:1 1986:1 change:1 year:2 1970:1 originally:1 2:2 november:1 use:1 old:1 affect:1 rail:1 strike:1 severely:1 cold:1 weather:1 gas:1 electricity:1 high:1 activity:1 slow:1 site:1 quarry:1 certain:1 industry:1
|
FRENCH INDUSTRIAL PRODUCTION FALLS IN JANUARY
French industrial production fell a
seasonally adjusted 1.98 pct in January after revised unchanged
output in December, the National Statistics Institute (INSEE)
said.
The figure, which excludes construction and public works,
put the January index, base 1980, at 99 after 101 in December.
January output was 1.98 pct down on January 1986.
INSEE, which from January changed its base year to 1980
from 1970, originally had December output down 2.2 pct on
November, using the old base year.
INSEE said production in January was affected by rail
strikes and severely cold weather.
It said output of gas and electricity was very high but
activity slowed on construction sites, in quarries and in
certain base industries.
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training/8193
|
training/8193 |@title good:1 demand:1 colombians:1 bremen:1 market:1 |@word bremen:1 green:1 coffee:2 market:2 attract:1 good:2 buying:1 interest:1 colombian:1 last:2 week:3 brazil:3 almost:1 neglect:1 trade:1 source:2 say:4 buyer:1 await:1 opening:1 export:2 registration:2 may:1 shipment:2 could:1 affect:1 price:3 similar:1 quality:1 colombia:2 open:1 business:1 develop:1 fnc:1 private:1 shipper:1 attractive:1 detail:1 immediately:1 available:1 central:1 americans:1 seek:1 spot:2 afloat:2 robusta:2 sector:1 nearby:1 material:1 rather:1 scarce:1 turnover:1 limit:1 follow:1 offer:1 end:1 first:1 second:1 hand:1 seller:1 idea:1 prompt:1 dlrs:1 per:1 50:1 kilo:1 fob:1 equivalent:1 unless:1 state:1 previous:1 bracket:1 unwashe:1 german:1 qual:1 100:1 102:1 excelso:1 105:2 110:2 salvador:1 shg:2 108:1 nicaragua:1 109:1 guatemala:1 hb:1 111:1 costa:1 rica:1 shb:1 113:1 112:1 kenya:1 ab:2 faq:2 142:1 134:1 tanzania:1 120:1 zaire:1 k:1 5:1 unq:1 sumatra:1 ek:1 1:1 91:1 cif:1
|
GOOD DEMAND FOR COLOMBIANS ON BREMEN MARKET
The Bremen green coffee market attracted
good buying interest for Colombian coffee last week, while
Brazils were almost neglected, trade sources said.
Buyers were awaiting the opening of Brazil's export
registrations for May shipment, which could affect prices for
similar qualities, they said.
Colombia opened export registrations and good business
developed with both the FNC and private shippers. Prices were
said to have been very attractive, but details were not
immediately available.
Central Americans were sought for spot and afloat.
In the robusta sector nearby material was rather scarce,
with turnover limited, the sources said.
The following offers were in the market at the end of last
week, first or second hand, sellers' ideas for spot, afloat or
prompt shipment in dlrs per 50 kilos fob equivalent, unless
stated (previous week's prices in brackets) -
Brazil unwashed German quals 100 (102), Colombia Excelso
105 (110), Salvador SHG 110 (108), Nicaragua SHG 109 (same),
Guatemala HB 111 (same), Costa Rica SHB 113 (112), Kenya AB FAQ
142 (134), Tanzania AB FAQ 120 (same), Zaire K-5 105 (unq),
Sumatra robusta EK-1 91 CIF (same).
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training/8194
|
training/8194 |@title u:1 k:1 money:1 market:1 give:1 97:1 mln:1 stg:1 assistance:1 |@word bank:4 england:1 say:1 provide:1 money:1 market:1 help:1 97:1 mln:4 stg:4 morning:1 session:1 compare:1 revise:1 estimate:1 750:1 shortage:1 system:1 today:1 central:1 buy:1 bill:1 outright:1 comprise:1 12:1 band:2 one:1 9:2 7:1 8:1 pct:2 85:1 two:1 13:1 16:1
|
U.K. MONEY MARKET GIVEN 97 MLN STG ASSISTANCE
The Bank of England said it provided the
money market with help of 97 mln stg in the morning session.
This compares with the Bank's revised estimate of a 750 mln
stg shortage in the system today.
The central bank bought bank bills outright comprising 12
mln stg in band one at 9-7/8 pct and 85 mln stg in band two at
9-13/16 pct.
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training/8197
|
training/8197 |@title iranian:1 tanker:1 attack:1 weekend:1 lloyds:1 |@word iranian:2 steam:1 tanker:3 avaj:1 316:1 379:1 tonne:1 dw:1 attack:1 hit:1 1715:1 hour:1 march:1 21:1 lloyds:1 ship:1 intelligence:1 service:1 report:1 one:1 person:1 kill:1 national:1 co:1
|
IRANIAN TANKER ATTACKED OVER WEEKEND - LLOYDS
The Iranian steam tanker Avaj, 316,379
tonnes dw, was attacked and hit at 1715 hours on March 21,
Lloyds Shipping Intelligence service reported.
One person was killed. The tanker is owned by the National
Iranian Tanker Co.
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training/8198
|
training/8198 |@title next:1 world:1 trade:1 negotiation:1 must:1 succeed:1 nz:1 |@word minister:4 20:1 nation:1 tell:2 new:4 zealand:3 next:2 international:1 negotiation:3 liberalise:1 trade:9 would:1 last:3 century:2 cost:3 failure:4 could:2 measure:1 mike:1 moore:3 colleague:1 welcome:1 ceremony:1 two:1 day:1 talk:4 great:3 progress:1 make:1 prepare:1 must:1 sidetrack:1 live:1 troubled:1 dangerous:1 time:1 world:3 trading:2 system:2 say:5 see:2 cause:1 depression:1 conflict:1 past:1 maintain:1 momentum:1 beyond:1 calculation:1 hope:1 good:2 opportunity:1 get:1 another:2 chance:1 year:1 2000:1 add:1 review:1 since:1 uruguay:3 round:2 september:1 also:2 part:1 preparation:1 full:2 scale:1 june:1 meeting:4 general:1 agreement:1 tariffs:1 gatt:5 venice:1 consider:1 country:2 particularly:1 successful:1 northern:1 hemisphere:1 manage:1 service:2 industry:1 banking:1 insurance:1 include:4 southerner:1 goal:1 agricultural:2 tropical:1 product:1 meet:1 north:1 island:1 tourist:1 resort:1 describe:1 participant:1 informal:2 declaration:1 expect:1 one:1 aim:1 instil:1 sense:1 political:2 urgency:1 avert:1 potential:1 economic:2 tragedy:1 seek:1 way:2 popularise:1 free:1 people:1 feel:1 pain:1 readjustment:1 benefit:1 well:1 prevent:1 bush:1 fire:1 confrontation:1 proceed:1 orderly:1 attend:1 25:1 overseas:1 delegation:2 representative:2 community:1 delegate:1 u:1 clayton:1 yeutter:1 american:1 source:2 ready:1 state:2 reverse:1 protectionist:1 sentiment:1 united:1 states:1 implement:1 four:1 key:1 proposal:1 end:1 subsidy:1 inclusion:1 investment:1 regulation:1 tightening:1 restriction:1 pirate:1 call:1 intellectual:1 property:1 trademark:1 patent:1 copyright:1 rule:1 resolve:1 dispute:1 among:1 92:1 member:1 early:1 french:2 foreign:1 michel:1 noir:1 pull:1 domestic:1 reason:1 cabinet:1 chief:1 bernard:1 prauge:1 lead:1
|
NEXT WORLD TRADE NEGOTIATIONS MUST SUCCEED - NZ
Ministers from more than 20
nations were told by New Zealand that the next international
negotiations on liberalising trade would be the last this
century and the cost of failure could not be measured.
Trade minister Mike Moore told his colleagues at a
welcoming ceremony before two days of talks here that great
progress had been made in preparing for the negotiations which
must not be sidetracked.
'We live in troubled and dangerous times for the world
trading system,' he said.
'We have seen that the failure of the world trading system
has caused great depression and conflict in the past. Our
failure to maintain the momentum will be at great cost to us
all,' Moore said.
'The cost of failure is beyond calculation. It is our last
hope and best opportunity this century. We will not get another
chance before the year 2000,' he added.
The ministers are in New Zealand to review world trade
since the 'Uruguay round' talks last September. The talks are
also part of preparations for a full-scale June meeting of the
General Agreement on Tariffs and Trade (GATT) in Venice.
The Uruguay meeting is considered by most countries to have
been particularly successful, with northern hemisphere
countries managing to have service industries such as banking
and insurance included in the next full round.
The southerners' goal of including agricultural and
tropical products also was met.
The meeting at this North Island tourist resort is
described by participants as informal and no declaration is
expected.
Moore said one aim was to 'instil a sense of political
urgency to avert potential economic tragedy.'
Another was to seek ways of popularising freer trade to
people who felt the pain of readjustment but could not see the
benefits, as well as preventing 'bush fires of confrontation
while we proceed with orderly negotiations.'
The meeting is being attended by 25 overseas delegations
including representatives of GATT and the Economic Community.
The delegates include U.S. Trade Representative Clayton
Yeutter.
American sources say he is ready to state that the best way
to reverse protectionist sentiment in the United States is to
implement four key Uruguay proposals:
-- an end to agricultural subsidies;
-- inclusion of trade in services and investments in GATT
regulations;
-- tightening of restrictions on pirating of so-called
intellectual property such as trademarks, patents and
copyrights;
-- new rules to resolve trade disputes among GATT's 92
member states.
Earlier, New Zealand sources had said French Foreign Trade
Minister Michel Noir had pulled out of the informal GATT talks
for domestic political reasons.
Cabinet chief Bernard Prauge will lead the French
delegation.
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training/8199
|
training/8199 |@title swiss:1 sight:1 deposit:1 rise:1 743:1 7:1 mln:1 franc:1 |@word sight:2 deposit:2 commercial:1 bank:3 swiss:2 national:2 rise:1 743:1 7:1 mln:2 franc:2 second:1 10:1 day:1 march:1 8:1 40:1 billion:2 say:1 foreign:1 exchange:1 reserve:1 fall:1 392:1 1:1 33:1 55:1 major:1 indicator:1 money:1 market:1 liquidity:1 switzerland:1
|
SWISS SIGHT DEPOSITS RISE 743.7 MLN FRANCS
Sight deposits of commercial banks at
the Swiss National Bank rose 743.7 mln Swiss francs in the
second 10 days of March to 8.40 billion, the National Bank
said.
Foreign exchange reserves fell 392.1 mln francs to 33.55
billion.
Sight deposits are a major indicator of money market
liquidity in Switzerland.
|
training/82
|
training/82 |@title philippine:1 long:1 distance:1 phi:1 year:1 net:1 |@word shr:2 primary:1 95:1 30:1 peso:6 vs:5 29:1 71:1 dilute:1 61:1 11:1 18:1 49:1 qtly:1 div:1 1:4 25:2 pesos:2 net:1 9:1 billion:3 779:1 mln:1 revs:1 6:1 4:1 7:1 note:1 full:1 name:1 philippine:2 long:1 distance:1 telephone:1 co:1 figure:1 quote:1 dividend:2 payable:1 april:1 15:1 holder:1 record:1 march:1 13:1 exchange:1 rate:1 day:1 declaration:1 20:1 792:1 per:1 dollar:1
|
PHILIPPINE LONG DISTANCE <PHI> YEAR NET
Shr primary 95.30 pesos vs 29.71 pesos
Shr diluted 61.11 pesos vs 18.49 pesos
Qtly div 1.25 pesos vs 1.25 pesos
Net 1.9 billion vs 779 mln
Revs 6.1 billion vs 4.7 billion
NOTE: Full name Philippine Long Distance Telephone Co.
Figures quoted in Philippine Pesos.
Dividend payable April 15 to holders or record March 13.
Exchange rate on day of dividend declaration was 20.792 pesos
per dollar.
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training/820
|
training/820 |@title armtek:1 arm:1 sell:1 industrial:1 tire:1 unit:1 |@word armtek:2 corp:2 previously:1 armstrong:2 rubber:1 co:2 say:3 agree:1 sell:2 industrial:2 tire:4 assembly:1 division:2 dyneer:1 dyr:1 undisclosed:1 sum:1 agreement:1 cover:1 production:1 facility:1 clinton:1 tenn:1 plant:1 serve:1 original:1 equipment:1 replacement:2 market:1 unit:1 continue:1 company:1 final:1 closing:1 expect:1 third:1 fiscal:1 quarter:1 end:1 june:1 30:1
|
ARMTEK <ARM> TO SELL INDUSTRIAL TIRE UNIT
Armtek Corp, previously the
Armstrong Rubber Co, said it agreed to sell its industrial tire
and assembly division to a Dyneer Corp <DYR> for an undisclosed
sum.
It said the agreement covers the division's tire production
facility in Clinton, Tenn., and its plants serving original
equipment and replacement markets. Armstrong Tire Co, an Armtek
unit, will continue to sell replacement industrial tires, the
company said.
Final closing is expected in the third fiscal quarter
ending June 30.
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training/8200
|
training/8200 |@title cash:1 crisis:1 hit:1 ugandan:1 coffee:1 board:1 |@word uganda:6 state:1 run:2 coffee:9 marketing:2 board:4 cmb:6 suffer:1 cash:2 crisis:2 past:1 two:2 month:2 due:1 bottleneck:2 export:9 shipment:1 administrative:1 delay:5 handle:2 payment:3 trade:1 source:6 say:8 need:1 10:2 15:3 billion:1 shilling:1 equivalent:2 seven:1 mln:2 dlrs:1 pay:1 farmer:1 processor:1 already:2 deliver:1 present:1 revenue:1 insufficient:1 cover:1 expenditure:1 serious:1 implication:1 economy:2 whole:2 since:2 account:1 95:1 pct:2 total:1 financial:2 difficulty:2 first:1 start:1 january:1 follow:1 rail:3 freight:1 consignment:1 port:2 mombasa:1 dar:1 es:1 salaam:1 tanga:1 cause:2 shortage:2 railway:2 wagon:2 ferry:2 transport:5 ugandan:2 across:1 lake:2 victoria:1 link:1 kenyan:1 tanzanian:1 system:1 minister:1 john:1 sebaana:2 kizito:2 publicly:1 acknowledge:1 february:3 19:1 arrear:2 local:3 supplier:1 result:1 move:1 time:2 squeeze:1 would:1 resolve:1 week:2 however:1 accident:1 ply:1 jinja:1 kisumu:1 kenya:1 put:2 action:1 21:1 march:1 fresh:1 cargo:1 movement:1 especially:1 sensitive:1 disruption:1 president:1 yoweri:1 museveni:1 ban:1 haulage:1 road:1 drive:1 save:1 cost:1 mean:1 early:1 hold:1 unsold:1 stock:2 around:1 750:1 000:1 bag:2 one:2 quarter:1 expect:1 three:2 60:1 kilo:1 1986:1 87:1 october:1 september:1 crop:1 accord:1 problem:1 aggravate:1 long:1 process:2 receipt:2 take:2 eight:1 recycle:1 producer:2 whereas:1 bill:1 bank:2 half:1 price:1 structure:2 overtake:1 high:1 inflation:1 rate:2 unofficially:1 estimate:1 200:1 disincentive:1 owe:1 large:1 pricing:1 wrong:1 behind:1 foreign:2 exchange:1 unrealistic:1 sooner:1 call:1 economic:3 package:2 top:1 gear:1 well:1 industry:1 government:1 currently:1 negotiate:1 reform:1 world:1 international:1 monetary:1 fund:1 aim:1 underpin:1 renew:1 inflow:1 aid:1 help:1 recovery:1 year:1 political:1 strife:1
|
CASH CRISIS HITS UGANDAN COFFEE BOARD
Uganda's state-run Coffee Marketing
Board (CMB) has been suffering a cash crisis for the past two
months due to a bottleneck in export shipments and
administrative delays in handling payments, trade sources said.
The CMB needs between 10 and 15 billion shillings (the
equivalent of seven to 10 mln dlrs) to pay farmers and
processors for coffee already delivered, but its present export
revenue is insufficient to cover such expenditure, they said.
The board's cash crisis has serious implications for the
economy as a whole, since coffee accounts for 95 pct of
Uganda's total exports.
The CMB's financial difficulties first started in January
following delays in rail-freighting export consignments of
coffee to the ports of Mombasa, Dar es Salaam and Tanga.
These delays were caused by a shortage of railway wagons in
Uganda and bottlenecks on the ferries which transport Ugandan
wagons across Lake Victoria to link up with the Kenyan and
Tanzanian railway systems, the sources said
Marketing Minister John Sebaana-Kizito publicly
acknowledged on February 19 that the CMB had run up arrears to
local suppliers as a result of the shortage of transport for
moving exports.
Sebaana-Kizito said at the time that the payments squeeze
would be resolved in two weeks.
However, an accident to the rail ferry which plies between
the Ugandan lake port of Jinja and Kisumu in Kenya put it out
of action between February 21 and March 15, causing fresh
delays in cargo movements.
Coffee exports are especially sensitive to the disruption
of rail transport since president Yoweri Museveni has banned
their haulage by road in a drive to save transport costs.
Transport difficulties meant that by early February the CMB
was holding unsold coffee stocks of around 750,000 bags.
These stocks were equivalent to one quarter of Uganda's
expected three mln 60-kilo bag 1986/87 (October-September)
crop, the sources said.
According to the sources, the board's financial problems
have been aggravated by long delays in processing export
receipts.
The coffee board was taking about eight weeks to recycle
export receipts into payments to local producers, whereas
export bills handled by local banks took half that time to
process, they said.
The sources said the CMB's price structure had been
overtaken by Uganda's high inflation rate, unofficially
estimated at about 200 pct, and that this was a further
disincentive to producers, already owed large arrears.
'The coffee pricing structure is wrong and three months
behind, the foreign exchange rate is unrealistic, and the
sooner the so-called economic package is put in top gear, the
better for the coffee industry and the economy as a whole,' one
of the sources said.
The government is currently negotiating a package of
economic reforms with the World Bank and International Monetary
Fund aimed at underpinning a renewed inflow of foreign aid to
help Uganda's economic recovery after 15 years of political
strife.
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training/8204
|
training/8204 |@title general:1 partners:1 gencorp:1 gy:1 proxy:1 fight:1 |@word general:3 partners:1 group:1 tender:1 gencorp:3 inc:2 share:3 100:1 dlrs:1 say:1 start:1 solicit:1 proxy:1 proposal:4 increase:1 number:1 authorized:1 outstanding:1 create:1 board:1 staggered:1 election:1 date:1 eliminate:1 cumulative:1 vote:5 march:1 31:1 annual:1 meeting:1 partner:2 partnership:2 privately:1 hold:1 wagner:1 brown:1 afg:2 industries:1 make:1 disclosure:1 newspaper:1 advertisement:1 already:1 file:1 suit:1 u:1 district:1 court:1 columbus:1 ohio:1 seek:1 block:1 invalidate:1 defensive:1 preferred:1 purchase:1 right:1 ask:1 shareholder:1 either:1 abstain:1
|
GENERAL PARTNERS IN GENCORP <GY> PROXY FIGHT
General Partners, the group tendering
for all GenCorp Inc shares at 100 dlrs each, said it has
started soliciting proxies against GenCorp's proposals to
increase its number of authorized shares outstanding, create a
board with staggered election dates and eliminate cumulative
voting.
The proposals are to be voted on at the March 31 annual
meeting.
General Partners, a partnership of privately-held <Wagner
and Brown> and AFG Industries Inc <AFG>, made the disclosure in
a newspaper advertisement.
The partnership has already filed suit in U.S. District
Court in Columbus, Ohio, seeking to block a vote on the
proposals and to invalidate GenCorp's defensive preferred share
purchase rights.
General Partners asked shareholders to either vote against
the proposals or abstain from voting on them.
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training/8205
|
training/8205 |@title usair:1 u:1 cut:1 piedmont:1 pie:1 share:1 seek:1 |@word usair:8 group:1 inc:2 say:4 amend:1 69:1 dlr:1 per:1 share:7 tender:2 offer:4 piedmont:5 aviation:1 reduce:1 maximum:1 number:1 accept:2 9:3 309:3 394:3 previously:1 seek:1 newspaper:1 advertisement:1 withdrawal:1 right:1 extend:1 still:1 expire:1 april:1 3:1 along:1 new:1 proration:1 period:1 friday:1 u:1 department:2 transportation:2 approve:2 acquisition:1 51:3 pct:5 acquire:1 would:3 require:1 sell:1 excess:1 within:1 one:1 week:1 receipt:1 also:1 minimum:1 amount:1 give:1 total:1 61:1 currently:1 outstanding:1 50:1 1:1 fully:1 dilute:1 basis:1 company:1 even:1 purchase:1 cause:1 exceed:1 limit:1 waive:1 condition:1 voting:1 trust:1 agreement:1 permit:1 buy:1 hold:1 pende:1 review:1 application:1 gain:1 control:1 subject:1 order:1 rescind:1 modify:1 adverse:1 way:1
|
USAIR <U> CUTS PIEDMONT <PIE> SHARES SOUGHT
USAir Group Inc said it has amended
its 69 dlr per share tender offer for shares of Piedmont
Aviation Inc to reduce the maximum number it will accept to
9,309,394. Previously it had sought all shares.
In a newspaper advertisement, USAir said the offer and
withdrawal rights have not been extended and will still expire
April 3, along with the new proration period.
On Friday, the U.S. Department of Transportation approved
USAir's acquisition of 51 pct of Piedmont. If USAir were to
acquire more than 51 pct in the tender, it would be required to
sell the excess within one week.
USAir said receipt of the 9,309,394 shares -- which is also
the minimum amount it will accept -- would give it a total of
about 61 pct of Piedmont shares currently outstanding and 50.1
pct on a fully diluted basis.
The company said even if the purchase of the 9,309,394
Piedmont shares caused it to exceed the 51 pct limit, USAir
would waive the condition to the offer that the Transportation
Department approve a voting trust agreement permitting USAir to
buy and hold shares under the offer pending review of USAir's
application to gain control of Piedmont, subject to the order
not being rescinded or modified in an adverse way.
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training/8206
|
training/8206 |@title new:1 rubber:1 pact:1 adopt:1 geneva:1 conference:1 |@word producer:1 consumer:1 represent:1 world:2 trade:2 natural:2 rubber:3 adopt:1 new:3 international:1 agreement:2 inra:2 aim:1 stabilize:1 price:2 next:2 five:2 year:3 negotiation:1 succeed:1 present:1 one:1 run:1 october:1 begin:1 nearly:1 two:2 ago:1 pact:1 use:1 buffer:1 stock:1 keep:1 stable:1 sell:1 buy:1 rate:1 rise:1 fall:1 reach:1 week:1 session:1 auspex:1 united:1 nations:1 conference:1 development:1 unctad:1
|
NEW RUBBER PACT ADOPTED AT GENEVA CONFERENCE
Producers and consumers representing
most of world trade in natural rubber adopted a new
International Natural Rubber Agreement (INRA) aimed at
stabilizing world prices over the next five years.
Negotiations for a new INRA, to succeed the present one
which runs out next October, began nearly two years ago.
Agreement on the new five-year pact, which uses a buffer
stock to keep prices stable by selling or buying rubber as
rates rise or fall, was reached at a two-week session here
under the auspices of the United Nations Conference on Trade
and Development (UNCTAD).
|
training/8209
|
training/8209 |@title study:1 say:1 oil:1 price:1 fall:1 spur:1 bankruptcy:1 |@word sharp:1 drop:1 world:1 oil:4 price:1 past:1 year:2 trigger:1 60:1 pct:7 increase:2 bankruptcy:2 country:1 state:2 accord:1 study:2 release:1 american:1 petroleum:1 institute:1 api:3 say:4 dunn:1 bradstreet:1 find:1 business:1 failure:3 rise:2 nationally:1 6:2 9:3 1986:1 1985:1 patch:1 southwest:1 59:1 texas:2 57:1 4:1 oklahoma:2 55:2 colorado:1 8:1 louisiana:1 46:1 alaska:1 66:1 2:1 per:1 cent:1 also:1 three:1 high:1 number:1 bank:1 last:1 large:1 gas:1 producer:1 kansas:1
|
STUDY SAYS OIL PRICE FALL SPURS BANKRUPTCIES
The sharp drop in world oil prices
the past year triggered a 60 pct increase in bankruptcies in
the country's oil states, according to a study released by the
American Petroleum Institute (API).
API said the Dunn and Bradstreet study found that business
failures rose nationally by 6.9 pct in 1986 over 1985, but in
the 'oil patch' of the Southwest the increase was 59.9 pct.
It said bankruptcies in Texas were up 57.4 pct, Oklahoma,
55.9 pct, Colorado, 55.8 pct and Louisiana, 46.6 pct.
In Alaska, failures rose by 66.2 per cent, it said.
API also said that three of the states with the highest
number of bank failures last year were large oil and gas
producers - Texas, Oklahoma and Kansas.
|
training/8210
|
training/8210 |@title world:1 dependency:1 mideast:1 oil:1 say:1 inevitable:1 |@word world:3 dependency:3 mideast:2 source:1 petroleum:1 grow:4 nothing:1 go:1 stop:1 donald:1 k:1 mcivor:15 exxon:3 corp:1 xon:1 director:1 senior:2 vice:2 president:2 tell:1 reuters:1 interview:1 non:1 opec:2 production:4 begin:2 decline:2 gap:1 demand:1 supply:3 widen:1 trend:1 increase:4 dependence:3 middle:6 east:6 inevitable:1 say:15 decrease:1 firm:1 price:2 crude:2 oil:10 likely:1 change:3 responsible:1 gas:4 exploration:2 would:4 result:1 large:2 spare:1 capacity:2 time:1 rest:1 consume:2 find:2 since:1 1970:1 rate:1 20:2 25:1 billion:2 barrel:3 per:2 year:3 make:1 new:1 discovery:1 10:1 15:1 bilion:1 bulk:1 inventory:1 half:1 remain:1 proved:1 reserve:2 lie:3 produce:1 much:1 less:1 current:1 add:2 30:1 000:1 field:3 discover:3 far:1 37:3 one:5 thousandth:1 total:1 number:1 contain:1 35:1 pct:1 ever:1 response:1 question:1 believe:1 super:2 giant:2 great:2 five:2 conclusion:1 11:1 outside:4 past:1 two:1 cantarell:1 mexico:1 alaska:2 north:3 slope:1 many:1 u:4 like:2 prudhoe:1 bay:1 sea:2 reach:1 peak:1 soon:1 executive:1 still:1 plenty:1 opportunity:2 explore:2 develop:1 particulartly:1 canada:1 australia:1 africa:1 decision:1 drill:1 area:1 depedent:1 upon:1 expectation:1 high:1 well:1 legal:1 regime:2 affect:1 company:1 ideal:1 stable:1 constant:1 policy:1 oppose:1 import:1 subsidy:1 tariff:1 use:3 benefit:1 part:3 economy:2 expense:1 ask:1 option:1 offer:1 week:1 energy:3 secretary:1 herrington:2 could:1 comment:1 subject:1 depletion:1 allowance:1 thrust:1 report:1 valid:1 highlight:1 need:2 also:1 expect:1 natural:3 play:1 role:1 future:1 meet:1 become:1 increasingly:1 important:1 worlkd:1 transportation:1 fuel:2 generate:1 heat:1 industrial:1
|
WORLD DEPENDENCY ON MIDEAST OIL SAID INEVITABLE
The world's dependency on the Mideast
as the source for its petroleum is growing and nothing is going
to stop it, Donald K. McIvor, an Exxon Corp <XON> Director and
senior vice president told Reuters in an interview.
'Non-OPEC production will begin to decline and the gap
between demand and supply will widen so that the trend to
increasing dependence on OPEC and the Middle East is
inevitable,' McIvor said.
Decreased supplies will firm prices for crude oil but are
not likely to change a growing dependence, McIvor said.
McIvor, Exxon's senior vice president responsible for oil
and gas exploration and production said that dependence would
result from the Mideast's large spare capacity at a time when
the rest of the world consumes more oil than it was finding.
'Since 1970 we've been consuming oil at rates of 20-25
billion barrels per year while making new discoveries of only
about 10-15 bilion barrels per year,' McIvor said.
'The bulk of the inventory and more than half of the
remaining proved reserves lies in the middle east which is
producing at much less than current capacity,' he added.
McIvor said that of the some 30,000 oil fields discovered
so far only 37 'one-one thousandth of the total number contained
about 35 pct of all the oil ever discovered.'
McIvor said, in response to a question, that he did not
believe there were any more 'super giants', or oil fields with
reserves greater than five billion barrels, to be found which
would change the conclusion of the world's growing dependency.
'Of those 37 super giants only 11 lie outside the Middle
East. Only five of the 37 have been discovered in the past 20
years and only two of these lie outside the middle east
(Cantarell in Mexico and Alaska's North Slope).' McIvor said.
McIvor said that many of the large fields outside the U.S.
like Alaska's Prudhoe Bay and the North Sea were reaching a
peak and would soon begin to decline.
But the Exxon executive said that there were still plenty
of opportunities to be explored and developed outside of the
Middle east, particulartly in Canada, the North Sea, and
Australia and Africa.
McIvor said that decisions to explore and drill in those
areas would be depedent upon both the expectations of a higher
price of oil as well as the legal regime affecting the
companies.
'The ideal regime is a stable one not one where there is a
constant change in policies,' McIvor said.
McIvor said he opposed import subsidies or tariffs used to
increase exploration as these only benefit one part of the
economy at the expense of other parts of the economy.
Asked about the options offered this week by U.S. Energy
Secretary Herrington to increase U.S. production McIvor said he
could not comment on subjects like the oil depletion allowance
now but 'the thrust of his (Herrington) report is valid. It has
highlighted the growing dependency on the Middle east and the
need to increase U.S. production.'
McIvor also said that he expected natural gas to play a
greater role in the future in meeting energy needs.
'Natural gas will have the opportunity to become an
increasingly important part of the worlkd's energy supply,'
McIvor said.
'Crude oil will be used more and more as a transportation
fuel and natural gas will be used more to generate heat, as an
industrial fuel,' he added.
|
training/8211
|
training/8211 |@title african:1 consumer:1 price:1 inflation:1 rise:1 slightly:1 |@word south:1 african:1 year:5 consumer:2 price:2 inflation:2 rise:2 slightly:1 16:2 3:2 pct:6 february:2 fall:1 sharply:1 1:4 january:2 18:2 december:1 central:1 statistics:1 office:1 figure:1 show:1 monthly:1 item:1 index:2 base:1 1980:1 09:1 251:1 0:1 4:1 increase:1 248:1 ago:1 stand:1 215:1 8:1 05:1
|
S. AFRICAN CONSUMER PRICE INFLATION RISES SLIGHTLY
South African year-on-year consumer
price inflation rose slightly to 16.3 pct in February after
falling sharply to 16.1 pct in January from 18.1 pct in
December, Central Statistics Office figures show.
The monthly rise in the all items index (base 1980) was
1.09 pct to 251.0 in February after a 1.4 pct increase to 248.3
in January.
A year ago the index stood at 215.8 and year on year
consumer price inflation at 18.05 pct.
|
training/8212
|
training/8212 |@title finland:1 february:1 trade:1 surplus:1 641:1 mln:1 markka:1 |@word finland:1 641:1 mln:3 markka:3 trade:1 surplus:3 february:4 follow:1 80:1 january:2 614:1 1986:1 customs:1 board:1 preliminary:1 figure:1 show:1 export:3 6:5 38:1 billion:6 import:3 5:1 74:1 compare:1 72:1 64:1 92:1 31:1 last:1 year:1
|
FINLAND FEBRUARY TRADE SURPLUS AT 641 MLN MARKKA
Finland had a 641 mln markka trade
surplus in February following an 80 mln markka surplus in
January and a 614 mln surplus in February 1986, Customs Board
preliminary figures showed.
Exports in February were 6.38 billion markka and imports
5.74 billion compared with exports of 6.72 billion and imports
of 6.64 billion in January and exports of 6.92 billion and
imports of 6.31 billion in February last year.
|
training/8213
|
training/8213 |@title west:1 german:1 barley:1 rape:1 affect:1 winter:1 kill:1 |@word winter:2 kill:1 probably:1 affect:1 west:3 german:3 barley:1 rapeseed:1 average:1 degree:1 season:1 grain:1 trader:1 alfred:1 c:1 toepfer:1 say:2 late:1 report:1 soon:1 assess:1 extent:1 damage:1 likely:1 northern:1 crop:1 particularly:1 risk:1 insufficient:1 snow:1 cover:1 soil:1 need:1 warm:1 rapidly:1 moisture:1 content:1 must:1 improve:1 avoid:1 delay:1 spring:1 field:1 work:1 add:1
|
WEST GERMAN BARLEY, RAPE AFFECTED BY WINTER KILL
Winter kill has probably affected West
German winter barley and rapeseed to an above average degree
this season, West German grain trader Alfred C. Toepfer said in
its latest report.
It is too soon to assess the extent of the damage, but it
is likely that northern West German crops are particularly at
risk because of insufficient snow cover, it said.
The soil needs to warm up rapidly and moisture content must
improve to avoid further delays to spring field work, it added.
|
training/8214
|
training/8214 |@title n:1 z:1 port:1 reopen:1 disruption:1 likely:1 |@word new:1 zealand:1 port:4 reopen:1 0730:1 hrs:1 local:1 time:1 1930:1 gmt:1 march:3 22:1 close:1 since:1 19:1 strike:2 pay:2 claim:2 watersider:1 waterside:1 federation:1 spokesman:1 say:3 industrial:1 action:2 worker:2 likely:1 cause:1 disruption:1 harbour:2 workers:1 union:1 secretary:1 ross:1 wilson:3 tell:1 reuters:1 member:1 hold:1 stopwork:1 meeting:1 morning:1 consider:1 stoppage:1 two:1 dispute:1 related:1 around:1 country:1 go:1 24:1 hour:1 16:1 occur:1 basis:1
|
N.Z. PORTS REOPEN, BUT FURTHER DISRUPTION LIKELY
New Zealand ports reopened at 0730
hrs local time (1930 GMT March 22) after being closed since
March 19 because of a strike over pay claims by watersiders, a
Waterside Federation spokesman said.
But industrial action by other port workers is likely to
cause further disruption, Harbour Workers union secretary Ross
Wilson told Reuters.
Wilson said his members are holding stopwork meetings this
morning to consider further stoppages over their pay claim.
The two disputes are not related.
Harbour Workers around the country went on strike for 24
hours on March 16, but Wilson said any further action will
occur on a port-by-port basis.
|
training/8217
|
training/8217 |@title microtel:1 inc:1 make:1 acquisition:1 |@word microtel:2 inc:3 say:1 complete:1 acquisition:1 american:1 teledata:1 corp:4 us:1 dial:1 subsidiary:1 provide:1 long:1 distance:1 telephone:1 service:1 northeast:1 florida:1 term:1 disclose:1 shareholder:1 include:1 norfolk:1 southern:1 nsc:1 com:1 mai:1 centel:1 cnt:1 alltel:1 e:1 f:1 hutton:1 group:1 efh:1
|
<MICROTEL INC> MAKES ACQUISITION
Microtel Inc said it has
completed the acquisition of <American Teledata Corp> and its
US Dial subsidiary, which provide long distance telephone
service in northeast Florida. Terms were not disclosed.
Microtel's shareholders include Norfolk Southern Corp
<NSC>, M/A-Com Inc <MAI>, Centel Corp <CNT>, Alltel Corp <AT>
and E.F. Hutton Group Inc <EFH>.
|
training/8218
|
training/8218 |@title jamesway:2 corp:2 set:2 2:2 1:2 stock:2 split:2 cash:2 payout:2 33:2 pct:2 |@word
|
JAMESWAY CORP SETS 2-FOR-1 STOCK SPLIT, UPS CASH PAYOUT 33 PCT
JAMESWAY CORP SETS 2-FOR-1 STOCK SPLIT, UPS CASH PAYOUT 33 PCT
|
training/8219
|
training/8219 |@title american:1 variety:1 international:1 inc:1 nine:1 mth:1 |@word march:1 31:1 1986:1 end:1 shr:1 loss:3 seven:1 ct:2 vs:3 11:1 net:1 76:1 888:1 profit:1 106:1 885:1 revs:1 752:1 234:1 922:1 036:1
|
<AMERICAN VARIETY INTERNATIONAL INC> NINE MTHS
March 31, 1986 end
Shr loss seven cts vs loss 11 cts
Net loss 76,888 vs profit 106,885
Revs 752,234 vs 922,036
|
training/8220
|
training/8220 |@title american:1 variety:1 acquisition:1 pact:1 terminate:1 |@word american:3 variety:3 international:1 inc:1 say:3 agreement:2 acquire:1 first:3 national:3 entertainment:1 corp:1 terminate:1 able:1 fulfill:1 term:1 due:1 protract:1 negotiation:1 several:1 division:1 inoperative:1 1986:1 reevaluate:1 record:1 tape:1 library:1 possible:1 conversion:1 compact:1 disc:1
|
AMERICAN VARIETY ACQUISITION PACT TERMINATED
<American Variety International
Inc> said its agreement to acquire <First National
Entertainment Corp> has been terminated because First National
was not able to fulfill terms of the agreement.
It said due to protracted negotiations with First National,
several American Variety divisions were inoperative in 1986.
American Variety said it is reevaluating its record and
tape library for possible conversion to compact discs.
|
training/8221
|
training/8221 |@title jamesway:1 jmy:1 set:1 split:1 high:1 cash:1 payout:1 |@word jamesway:1 corp:1 say:3 board:1 declare:1 two:1 one:1 stock:1 split:4 increase:2 quarterly:1 cash:1 dividend:3 33:1 pct:1 company:2 pre:1 share:2 four:1 ct:2 three:1 payable:1 may:1 23:1 holder:1 record:1 april:1 20:1 add:1 13:1 860:1 000:1 outstanding:1
|
JAMESWAY <JMY> SETS SPLIT, HIGHER CASH PAYOUT
Jamesway Corp said its board
declared a two for one stock split and increased the quarterly
cash dividend by 33 pct.
The company said the dividend on the pre-split shares was
increased to four cts from three cts.
It said both the split and the dividend are payable May 23
to holders of record April 20, adding the company will have
about 13,860,000 shares outstanding after the split.
|
training/8222
|
training/8222 |@title harper:1 row:1 hpr:1 get:1 expression:1 interest:1 |@word harper:2 row:2 publishers:1 inc:3 say:4 special:5 committee:4 independent:1 director:2 receive:1 expression:1 interest:1 considerable:1 number:1 domestic:1 foreign:1 firm:1 respect:1 restructuring:2 acquisition:3 transaction:2 company:2 winthrop:1 knowlton:1 chairman:1 determination:1 make:1 full:1 board:2 kidder:1 peabody:1 co:1 intend:1 engage:1 discussion:1 interested:1 party:1 effort:1 come:2 conclusion:1 near:1 future:1 formation:1 announce:1 early:1 last:1 week:1 take:1 action:1 two:1 pende:1 proposal:3 time:1 also:1 indefinately:1 postpone:1 plan:1 shareholder:1 vote:2 would:1 create:1 class:1 b:1 common:1 10:1 share:3 limited:1 transferability:1 theodore:1 l:1 cross:1 owner:1 six:1 pct:1 stock:1 offer:2 34:1 dlrs:2 harcourt:1 brace:1 jovanovich:1 hbj:1 50:1
|
HARPER/ROW <HPR> GETS EXPRESSIONS OF INTEREST
Harper and Row Publishers Inc said its
special committee of independent directors has received
expressions of interest from a considerable number of domestic
and foreign firms with respect to restructuring or acquisition
transactions with the company.
Winthrop Knowlton, chairman of special committee said 'no
determination has been made by the full board as to any
transaction.'
He said the special committee and Kidder Peabody and Co Inc
intend to engage in discussions with interested parties in an
effort to come to a conclusion in the near future.
Formation of the special committee was announced early last
week when Harper and Row said its board had taken no action on
two pending acquisition proposals.
At that time, directors also indefinately postponed a
planned special shareholders vote on a restructuring proposal
which would have created a Class B common with 10 votes a share
and limited transferability.
The acquisition proposals had come from Theodore L. Cross,
owner of about six pct of the company's stock who offered 34
dlrs a share, and Harcourt Brace Jovanovich Inc <HBJ>, which
offered 50 dlrs a share.
|
training/8223
|
training/8223 |@title humana:2 inc:2 2nd:2 qtr:2 shr:2 44:2 ct:3 vs:2 54:2 cts:1 |@word
|
HUMANA INC 2ND QTR SHR 44 CTS VS 54 CTS
HUMANA INC 2ND QTR SHR 44 CTS VS 54 CTS
|
training/8224
|
training/8224 |@title fruit:1 loom:1 ftl:1 sell:1 unit:1 145:1 mln:1 dlrs:1 |@word fruit:2 loom:2 inc:1 say:3 agree:1 sell:1 general:1 battery:1 corp:2 subsidiary:1 exide:1 145:1 mln:1 dlrs:1 cash:1 propose:2 sale:1 complete:1 previously:1 announce:1 plan:1 divest:1 unrelated:1 business:1 proceed:1 transaction:2 price:1 project:1 company:2 recent:1 initial:1 public:1 offering:1 completion:1 subject:1 definitive:1 agreement:1 regulatory:1 approval:1 financing:1 certain:1 condition:1 expect:1 close:1 may:1 one:1 1987:1
|
FRUIT/LOOM <FTL> TO SELL UNIT FOR 145 MLN DLRS
Fruit of the Loom Inc said it agreed to
sell its General Battery Corp subsidiary to Exide Corp for
about 145 mln dlrs in cash.
The proposed sale will complete Fruit of the Loom's
previously announced plan to divest itself of unrelated
businesses.
Proceeds from the proposed transaction are more than the
price projected in the company's recent initial public
offering, it said.
Completion of the transaction is subject to a definitive
agreement, regulatory approvals, financing and certain other
conditions and is expected to close May one, 1987, the company
said.
|
training/8225
|
training/8225 |@title cityquest:1 make:1 120:1 mln:1 stg:1 bid:1 wicke:1 |@word cityquest:5 plc:3 newly:1 form:1 company:3 make:1 recommend:1 120:1 mln:6 stg:6 offer:4 builder:1 merchant:1 diy:1 wicke:6 wickes:6 say:2 statement:2 undertaking:1 accept:2 effectively:1 management:1 buyout:1 holder:1 88:1 9:1 pct:2 share:5 due:2 decision:1 international:1 corp:1 member:2 u:2 wix:1 inc:1 group:2 hold:1 80:1 5:1 stake:1 realise:1 much:1 investment:1 would:3 enable:1 become:2 fully:2 independent:1 bid:1 succeed:1 director:1 board:1 345p:2 cash:2 every:2 last:1 quote:1 compare:1 275p:1 friday:1 close:1 shareholder:1 also:2 option:1 take:1 one:2 cityqu:2 205p:2 loan:3 note:1 consideration:1 henry:1 sweetbaum:1 chairman:1 chief:1 executive:1 intend:1 name:1 change:1 course:1 come:1 k:1 unlisted:1 security:2 market:1 january:1 1986:1 capitalisation:1 96:1 pay:1 capital:1 g:1 warburg:1 organise:1 commitment:1 investor:3 subscribe:1 65:1 28:1 2:1 subordinated:1 convertible:1 stock:1 lead:1 industry:1 facility:1 30:1
|
CITYQUEST MAKES 120 MLN STG BID FOR WICKES
<Cityquest Plc>, a newly formed company,
is making a recommended 120 mln stg offer for builders
merchants and DIY (do-it-yourself) company <Wickes Plc>, Wickes
said in a statement.
Undertakings to accept what is effectively a management
buyout have been accepted by holders of 88.9 pct of the shares.
The statement said the offer was due to a decision by
Wickes International Corp, a member of the U.S. Wickes
Companies <WIX.A> Inc group, which holds an 80.5 pct stake, to
realise much of its investment.
The offer would enable Wickes to become fully independent
and once the bid succeeded all the Wickes directors would
become members of the Cityquest board.
The offer will be of 345p cash for every Wickes share.
Wickes was last quoted at 345p compared with 275p at Friday's
close.
Wickes shareholders will also have the option of taking one
Cityquest share or 205p in loan notes for every 205p of the
cash consideration.
Henry Sweetbaum is chairman and chief executive of both
Cityquest and Wickes, and it was intended that Cityquest's name
would be changed to Wickes in due course.
Wickes came to the U.K. Unlisted Securities Market in
January, 1986 with a capitalisation of about 96 mln stg.
Cityquest has a fully paid share capital of one mln stg. S
G Warburg Securities has organised commitments from a group of
investors to subscribe for 65 mln stg in shares and 28.2 mln
stg in subordinated convertible loan stock. Lead investor is
Investors in Industry Plc
Cityquest also has loan facilities of 30 mln stg.
|
training/8226
|
training/8226 |@title humana:1 inc:1 hum:1 2nd:1 qtr:1 feb:1 28:1 net:1 |@word shr:2 44:1 ct:3 vs:6 54:1 net:2 42:1 9:1 mln:6 53:1 7:1 revs:2 983:1 3:1 858:1 8:2 six:1 mth:1 85:1 1:4 11:1 dlrs:1 83:1 109:1 91:1 billion:2 66:1
|
HUMANA INC <HUM> 2ND QTR FEB 28 NET
Shr 44 cts vs 54 cts
Net 42.9 mln vs 53.7 mln
Revs 983.3 mln vs 858.8 mln
Six mths
Shr 85 cts vs 1.11 dlrs
Net 83.1 mln vs 109.8 mln
Revs 1.91 billion vs 1.66 billion
|
training/8227
|
training/8227 |@title winchell:1 donut:1 wdh:1 set:1 initial:1 quarterly:1 |@word winchell:1 donut:1 houses:1 lp:1 say:1 declare:1 initial:1 quarterly:1 dividend:1 45:1 ct:1 per:1 unit:2 class:2 b:1 limited:1 partnership:1 payable:1 may:1 29:1 holder:1 record:1 march:1 31:1
|
WINCHELL'S DONUT <WDH> SETS INITIAL QUARTERLY
Winchell's Donut Houses LP
said it has declared an initial quarterly dividend of 45 cts
per unit on Class A and Class B limited partnership units,
payable May 29 to holders of record March 31.
|
training/8229
|
training/8229 |@title triton:1 group:1 ltd:1 trro:1 4th:1 qtr:1 jan:1 31:1 net:1 |@word oper:4 shr:2 profit:6 nil:3 vs:12 loss:4 net:4 671:1 000:11 138:1 sale:2 104:1 3:2 mln:8 70:1 8:3 avg:2 shrs:2 101:1 2:1 66:1 year:3 six:1 ct:2 five:1 6:1 309:1 5:2 144:1 349:1 303:1 4:1 85:1 0:1 76:1 note:1 exclude:2 discontinue:1 operation:1 gain:2 196:1 dlrs:7 quarter:2 293:1 407:1 tax:2 carryforward:1 1:1 423:1 reversal:1 credit:2 625:1 437:1 7:1 261:1 result:1 include:1 u:1 press:1 inc:1 november:1 three:1 acquisition:1
|
TRITON GROUP LTD <TRRO> 4TH QTR JAN 31 NET
Oper shr profit nil vs loss nil
Oper net profit 671,000 vs loss 138,000
Sales 104.3 mln vs 70.8 mln
Avg shrs 101.2 mln vs 66.8 mln
Year
Oper shr profit six cts vs profit five cts
Oper net profit 6,309,000 vs profit
5,144,000
Sales 349.8 mln vs 303.4 mln
Avg shrs 85.0 mln vs 76.3 mln
NOTE: Net excludes discontinued operations nil vs gain
196,000 dlrs in quarter and loss 293,000 dlrs vs gain 407,000
dlrs in year.
Net excludes tax loss carryforward 1,423,000 dlrs vs
reversal of tax credit 625,000 dlrs in quarter and credits
5,437,000 dlrs vs 7,261,000 dlrs in year.
Results include U.S. Press Inc from November Three
acquisition.
|
training/8234
|
training/8234 |@title nigeria:1 change:1 auction:1 rule:1 defend:1 naira:1 |@word nigeria:1 central:2 bank:5 change:1 rule:1 govern:1 foreign:2 exchange:2 auction:3 analyst:2 see:1 means:1 defend:1 naira:1 currency:1 depreciate:1 steadily:1 say:2 statement:1 april:2 2:2 bid:3 would:2 pay:2 rate:3 offer:1 presently:1 low:2 successful:2 make:1 discourage:1 high:1 ensure:1 marginal:1 also:1 announce:1 fortnightly:1 weekly:1 beginning:1
|
NIGERIA CHANGES AUCTION RULES TO DEFEND NAIRA
Nigeria's Central Bank has changed the
rules governing its foreign exchange auctions in what analysts
see as a means of defending the naira currency, which has
depreciated steadily.
The bank said in a statement that from April 2, banks
bidding for foreign exchange would have to pay at the rate they
offered and not, as presently, at the rate of the lowest
successful bid made at the auction.
This should discourage banks from bidding high to ensure
that they were successful while paying the lower 'marginal' rate,
analysts said.
The Central Bank also announced the auctions would be
fortnightly, not weekly, beginning on April 2.
|
training/8236
|
training/8236 |@title aar:1 corp:1 air:1 3rd:1 qtr:1 feb:1 28:1 net:1 |@word shr:2 37:1 ct:3 vs:7 32:1 net:2 3:1 892:1 000:4 2:1 906:1 sale:2 71:1 8:2 mln:6 64:1 5:2 nine:1 mth:1 1:3 08:1 dlrs:1 91:1 10:2 946:1 206:1 214:1 179:1 4:1 avg:1 shrs:1 9:1
|
AAR CORP <AIR> 3RD QTR FEB 28 NET
Shr 37 cts vs 32 cts
Net 3,892,000 vs 2,906,000
Sales 71.8 mln vs 64.5 mln
Nine mths
Shr 1.08 dlrs vs 91 cts
Net 10,946,000 vs 8,206,000
Sales 214.1 mln vs 179.4 mln
Avg Shrs 10.5 mln vs 9.1 mln
|
training/8240
|
training/8240 |@title gatt:1 meeting:1 hear:1 plea:1 african:1 debt:1 relief:1 |@word debt:1 among:1 african:2 country:7 continue:1 grow:1 economy:2 remain:1 stifled:1 unless:1 develop:4 low:1 interest:1 rate:1 nigerian:1 trade:4 minister:1 samaila:1 mamman:2 say:2 today:1 tell:1 informal:1 meeting:1 general:1 agreement:1 tariffs:1 widen:1 gap:1 industrialize:1 unfair:1 international:1 economic:1 system:1 major:1 obstacle:1 growth:2 wish:1 emphasize:1 volume:1 external:1 indebtedness:1 reflect:1 full:1 effect:1 deflationary:1 monetary:1 policy:1 market:1 delegate:1 23:1 attend:1 talk:1 world:1 body:1 new:1 zealand:1 resort:1 taupo:1
|
GATT MEETING HEARS PLEA FOR AFRICAN DEBT RELIEF
Debt among African
countries will continue to grow and their economies will remain
stifled unless developed countries lower their interest rates,
Nigerian Trade Minister Samaila Mamman said today.
He told an informal meeting of the General Agreement on
Tariffs and Trade the widening gap between industrialized and
developing countries and an unfair international economic
system were major obstacles to growth in developing countries.
'I wish to emphasize that the growth in the volume of the
external indebtedness of African countries reflects the full
effect of the deflationary monetary and trade policies of the
developed market economy countries,' Mamman said.
Delegates from 23 countries are attending the talks of the
world trade body in the New Zealand resort of Taupo.
|
training/8244
|
training/8244 |@title japan:1 say:1 try:1 expand:1 domestic:1 demand:1 |@word japan:1 assure:1 meeting:2 trade:3 minister:1 make:1 every:1 effort:1 expand:1 domestic:1 demand:2 restructure:2 economy:3 japanese:1 representative:1 tsomu:1 hata:3 tell:1 informal:1 general:1 agreement:1 tariffs:1 gatt:1 meet:1 addition:1 boost:1 measure:1 adopt:1 last:1 september:1 comprehensive:1 economic:1 program:1 prepare:1 1987:1 88:1 budget:1 approve:1 speak:1 first:1 session:1 two:1 day:1 say:2 agriculture:1 exception:1 goal:1 elaborate:1 protectionist:1 pressure:1 international:1 strong:1 ever:1 reflect:1 financial:1 deficit:1 payment:1 imbalance:1 serious:1 unemployment:1 many:1 country:1
|
JAPAN SAYS IT TRYING TO EXPAND DOMESTIC DEMAND
Japan has assured a meeting
of trade ministers it is making every effort to expand domestic
demand and restructure its economy.
Japanese trade representative Tsomu Hata told an informal
General Agreement on Tariffs and Trade (GATT) meeting that, in
addition to demand boosting measures adopted last September, a
comprehensive economic program will be prepared after the
1987/88 budget is approved.
Hata, speaking at the first session of the two-day meeting,
said agriculture is no exception to the goal of restructuring
the economy, but did not elaborate.
Hata said protectionist pressures in the international
economy are as strong as ever, reflecting financial deficits,
payment imbalances and serious unemployment in many countries.
|
training/8245
|
training/8245 |@title supermarkets:2 general:2 corp:2 4th:2 qtr:2 50:2 ct:4 vs:2 52:2 |@word
|
SUPERMARKETS GENERAL CORP 4TH QTR 50 CTS VS 52 CTS
SUPERMARKETS GENERAL CORP 4TH QTR 50 CTS VS 52 CTS
|
training/8246
|
training/8246 |@title west:2 german:1 ship:1 sink:1 africa:1 |@word west:2 german:1 registered:1 motor:1 vessel:1 stefan:2 e:2 sink:1 african:1 coast:1 early:1 today:1 one:1 eight:1 crew:1 member:1 kill:1 spanish:1 navy:1 spokesman:1 say:2 captain:1 singapore:1 register:1 tanker:1 nord:1 pacific:1 report:1 radio:1 message:1 pick:1 remain:1 seven:1 crewman:1 2:1 223:1 tonne:1 dw:1 together:1 body:1 dead:1 man:1
|
WEST GERMAN SHIP SINKS OFF WEST AFRICA
The West German-registered motor
vessel Stefan E. Sank off the West African coast early today
and one of its eight crew members was killed, a Spanish navy
spokesman said.
He said the captain of the Singapore-registered tanker Nord
Pacific reported in a radio message that he had picked up the
remaining seven crewmen of the 2,223 tonnes dw Stefan E.,
Together with the body of the dead man.
|
training/8247
|
training/8247 |@title u:1 k:1 money:1 market:1 give:1 485:1 mln:1 stg:1 help:1 |@word bank:4 england:1 say:1 give:1 money:1 market:1 485:1 mln:6 stg:6 assistance:1 afternoon:1 session:1 take:1 total:1 help:1 far:1 today:2 582:1 compare:1 forecast:1 750:1 shortage:1 system:1 central:1 buy:1 bill:2 outright:1 comprise:1 345:1 band:3 one:2 9:3 7:2 8:2 pct:3 75:1 two:1 3:1 16:1 also:1 purchase:1 65:1 treasury:1
|
U.K. MONEY MARKET GIVEN FURTHER 485 MLN STG HELP
The Bank of England said it had given
the money market a further 485 mln stg assistance in the
afternoon session. This takes the Bank's total help so far
today to 582 mln stg and compares with its forecast of a 750
mln stg shortage in the system today.
The central bank bought bank bills outright comprising 345
mln stg in band one at 9-7/8 pct and 75 mln stg in band two at
9-3/16 pct. It also purchased 65 mln stg of treasury bills in
band one at 9-7/8 pct.
|
training/8252
|
training/8252 |@title japan:1 last:1 ditch:1 effort:1 save:1 chip:1 pact:1 |@word japan:5 launch:1 last:4 ditch:1 effort:3 salvage:2 computer:1 micro:1 chip:11 pact:3 united:3 states:3 send:2 letter:3 top:2 american:4 policy:4 maker:6 set:1 case:2 instruct:1 producer:1 cut:3 output:2 must:1 make:4 utmost:1 ward:1 catastrophe:1 ministry:1 international:1 trade:3 industry:3 miti:4 deputy:1 director:1 general:1 masaji:1 yamamoto:3 tell:1 reporter:1 hasty:1 action:2 take:3 create:1 serious:1 problem:1 reagan:1 administration:1 economic:2 expect:2 meet:1 thursday:1 review:1 japanese:5 compliance:1 bilateral:1 agreement:2 hammer:1 year:2 tokyo:1 agree:1 stop:2 sell:4 price:4 world:1 market:3 increase:1 import:2 semiconductors:1 washington:1 accuse:1 renege:1 deal:1 low:1 asia:1 fail:1 boost:2 threaten:1 retaliatory:1 save:1 ask:1 limit:1 production:3 hope:1 domestic:1 demand:1 reduce:1 incentive:1 export:2 say:7 slash:1 256:1 kilobit:1 dynamic:1 random:1 access:1 erasable:1 programmable:1 read:1 memory:1 11:1 pct:2 second:1 quarter:1 follow:1 cutback:3 20:1 first:1 three:1 month:1 already:1 dry:1 supply:2 available:1 unregulated:1 distributor:1 call:3 grey:2 almost:1 diminish:1 help:1 ensure:1 implement:1 president:1 large:1 semiconductor:2 nec:1 corp:1 nipn:1 week:2 also:2 issue:1 specific:1 instruction:1 subsidiary:2 texas:1 instruments:1 inc:2 minister:1 hajime:1 tamura:1 spell:1 step:1 appeal:1 u:4 understanding:1 today:1 secretary:3 state:1 george:1 schultz:1 treasury:1 james:1 baker:1 commerce:1 malcolm:1 baldrige:1 representative:1 clayton:1 yeutter:1 four:1 council:1 consider:1 evidence:1 present:2 micron:2 technology:1 dram:1 sale:4 hong:2 kong:2 admit:1 oki:3 electric:1 co:1 inappropriate:2 level:1 deny:1 dump:1 rock:1 bottom:1 use:1 proof:1 dumping:2 rebuttal:1 though:2 light:1 advice:1 well:1 cost:1 avoid:1 hint:1 strange:1 short:1 endorse:1 newspaper:1 accusation:1 trap:1 publicize:1 invoice:1 document:1 day:1 unable:1 locate:1 person:1 buy:2 try:1 back:1
|
JAPAN IN LAST DITCH EFFORT TO SAVE CHIP PACT
Japan has launched a last-ditch effort to
salvage its computer micro-chip pact with the United States -
sending a letter to top American policy makers setting out its
case and instructing its producers to cut output further.
'We must make our utmost effort to ward off any catastrophe,'
Ministry of International Trade and Industry (MITI) Deputy
Director General Masaji Yamamoto told reporters.
'If hasty action is taken in the United States, it will
create very serious problems.'
The Reagan Administration's Economic Policy is expected to
meet Thursday to review Japanese compliance with the bilateral
agreement hammered out last year. Under the pact, Tokyo agreed
to stop selling cut-price chips in world markets and to
increase its imports of American semiconductors.
Washington has accused Japan of reneging on the deal by
selling low priced chips in Asia and by failing to boost
American imports, and has threatened to take retaliatory
action.
In an effort to save the agreement, MITI is asking Japanese
chip makers to limit production in the hope that will boost
domestic demand and reduce the incentive to export.
Yamamoto said that Japan will slash output of 256 kilobit
dynamic random access and erasable programmable read only
memory chips by 11 pct in the second quarter. This follows a
cutback of more than 20 pct in the first three months of the
year.
He said the cutbacks were already drying up the supply of
chips available for export through unregulated distributors in
the so-called grey market.
'We have almost no grey market,' he said. 'Supply is
diminishing.'
To help ensure that the cutbacks are implemented, MITI
called in the president of Japan's largest semiconductor maker,
NEC Corp <NIPN.T> last week, he said. It is also issuing
specific instructions on production to the Japanese subsidiary
of <Texas Instruments Inc>.
Trade and Industry Minister Hajime Tamura spelled out the
steps Japan was taking to salvage the pact and appealed for
U.S. Understanding in a letter to top American policy makers.
The letter was sent today to U.S. Secretary of State George
Schultz, Treasury Secretary James Baker, Commerce Secretary
Malcolm Baldrige and U.S. Trade Representative Clayton Yeutter.
The four, who make up the Economic Policy Council, are
expected to consider evidence presented by U.S. Chip maker
Micron Technology Inc <DRAM.O> of cut-price Japanese sales in
Hong Kong.
Yamamoto admitted that <Oki Electric Industry Co>'s Hong
Kong subsidiary had sold chips at an inappropriate level but
denied that it was dumping chips at rock-bottom prices.
'If the United States uses this as proof of dumping...We
will present our rebuttal,' he said.
The sales though were inappropriate in the light of MITI's
advice to semiconductor makers to sell chips at well above
production costs to avoid any hint of dumping, he said.
He also called the case 'strange,' but he stopped short of
endorsing Japanese newspaper accusations that Oki had been
trapped into making the sales. He did say though that Micron
publicized the invoice documenting the sales on the same day
they were made and that Oki was unable to locate the person who
had bought the chips when it tried to buy them back last week.
|
training/8253
|
training/8253 |@title american:2 motors:2 corp:2 get:2 qualified:2 audit:2 1986:2 financial:2 statement:2 |@word
|
AMERICAN MOTORS CORP GETS QUALIFIED AUDIT ON 1986 FINANCIAL STATEMENTS
AMERICAN MOTORS CORP GETS QUALIFIED AUDIT ON 1986 FINANCIAL STATEMENTS
|
training/8254
|
training/8254 |@title st:1 clair:1 paint:1 wallpaper:1 corp:1 year:1 net:1 |@word shr:1 66:1 ct:2 vs:3 55:1 net:1 2:1 422:1 000:2 1:1 906:1 revs:1 59:1 3:1 mln:2 47:1 4:1
|
<ST . CLAIR PAINT AND WALLPAPER CORP> YEAR NET
Shr 66 cts vs 55 cts
Net 2,422,000 vs 1,906,000
Revs 59.3 mln vs 47.4 mln
|
training/8255
|
training/8255 |@title alco:1 standard:1 asn:1 complete:1 acquisition:1 |@word delta:2 business:1 systems:1 inc:1 say:2 complete:1 previously:1 announce:1 merger:1 alco:1 standard:1 corp:1 expect:1 sale:1 30:1 mln:1 dlrs:1 year:1 end:1 april:1
|
ALCO STANDARD <ASN> COMPLETES ACQUISITION
Delta Business Systems Inc said
it has completed a previously-announced merger into Alco
Standard Corp.
Delta said it expects sales of about 30 mln dlrs for the
year ending in April.
|
training/8257
|
training/8257 |@title rain:1 promise:1 bountiful:1 crop:1 ethiopia:1 |@word rain:5 wide:1 area:1 raise:1 prospect:2 good:3 food:1 crop:5 throughout:1 ethiopia:3 suffer:2 disastrous:1 drought:2 famine:1 two:2 year:4 ago:1 aweke:2 aynalem:1 head:1 government:2 agriculture:1 development:1 department:1 tell:1 reporter:1 attain:1 target:1 250:2 000:3 tonne:3 grain:1 present:1 grow:1 season:2 one:1 normal:1 production:2 648:1 produce:1 belg:2 small:1 fall:1 time:1 use:1 plant:1 quick:1 mature:1 like:1 maize:1 barley:1 shortfall:1 period:1 affect:1 main:1 rainy:1 farmer:1 eat:1 stock:1 seed:2 say:1 peasant:1 wello:1 tigre:1 hararghe:1 region:1 severely:1 able:1 sow:1 favourable:1 distribute:1 large:1 quantity:1 fertiliser:1 ensure:1
|
RAINS PROMISE BOUNTIFUL CROPS IN ETHIOPIA
Rain over wide areas has raised the
prospect of good food crops throughout Ethiopia, which suffered
a disastrous drought and famine two years ago.
Aweke Aynalem, head of the government's Agriculture
Development Department, told reporters prospects were good for
attaining the target of 250,000 tonnes of grain in the present
growing season, one of two each year in Ethiopia.
Normal crop production in Ethiopia is about 648,000 tonnes
a year, of which 250,000 tonnes are produced from the 'belg'
(small) rains which fall at this time of year.
The belg rains are used to plant quick-maturing crops like
maize and barley. Any shortfall during this period affects
production in the main rainy season, because farmers eat their
stocks of seed.
Aweke said peasants in Wello, Tigre and Hararghe -- regions
which suffered severely from drought -- were now able to sow
their crops because of the favourable rains.
The government had distributed large quantities of seed and
fertiliser, and the rains should ensure a good crop.
|
training/8258
|
training/8258 |@title american:1 motors:1 amo:1 statement:1 qualify:1 |@word american:7 motors:6 corp:4 say:5 auditor:1 qualify:2 company:1 1986:1 financial:1 report:3 due:1 uncertainty:1 surround:1 previously:1 announce:1 arbitration:3 award:7 former:1 subsidiary:1 general:6 contest:1 file:1 today:1 securities:1 exchange:1 commission:1 along:1 copy:1 chrysler:1 c:1 proposal:1 take:1 earlier:1 make:1 emerson:3 electric:3 co:1 emr:1 february:1 amount:3 60:1 mln:1 dlrs:1 plus:1 legal:2 expense:1 motor:1 challenge:2 automaker:1 sell:2 unit:1 ltv:7 qltv:1 1983:1 year:3 five:1 1:1 2:1 billion:1 dlr:1 procurement:1 contract:2 military:2 last:1 seek:1 protection:1 chapter:1 11:1 proceeding:1 call:1 charge:1 violate:1 agreement:1 cover:1 development:1 certain:1 component:2 high:1 mobility:1 multi:1 purpose:1 wheel:1 vehicle:1 hmmwv:1 agree:1 indemnify:1 loss:2 incur:1 result:1 claim:1 amc:1 also:1 confirm:2 court:1 face:1 additional:1 reorganization:1 final:1 uncertain:1
|
AMERICAN MOTORS <AMO> STATEMENT QUALIFIED
American Motors Corp said its auditors
qualified the company's 1986 financial report.
The report was qualified due to uncertainties surrounding
the previously announced arbitration award against American
Motors' former subsidiary, AM General Corp. The award is being
contested.
The report was filed today with the Securities and Exchange
Commission along with a copy of Chrysler Corp's <C> proposal to
take over American Motors.
American Motors said earlier than an arbitration award,
made to Emerson Electric Co <EMR> in February, amounted to 60
mln dlrs plus legal expenses. American Motors has challenged
the award.
The automaker sold the AM General unit to LTV Corp <QLTV>
in 1983, the same year it was awarded a five-year, 1.2 billion
dlr procurement contract with the military. LTV and AM General
last year sought protection under Chapter 11.
The arbitration proceeding was called after Emerson
Electric charged AM General violated an agreement covering the
development of certain components in the contract.
The components were for the military's 'High Mobility
Multi-Purpose Wheeled Vehicle' (HMMWV), American Motors said.
In selling AM General to LTV, American Motors agreed to
indemnify LTV against losses incurred by LTV resulting from the
Emerson Electric claims.
AMC also said the award has not been confirmed by a court,
and faces additional legal challenges. It said that, because of
the LTV and Am General reorganizations, the final amount of a
confirmed award and the amount of any loss to LTV is uncertain.
|
training/8259
|
training/8259 |@title anacomp:1 aac:1 get:1 fund:1 buy:1 datagraphix:1 |@word anacomp:4 inc:2 say:3 finalize:1 financing:2 128:1 mln:4 dlrs:4 purchase:1 datagraphix:2 general:1 dynamics:1 corp:1 gd:1 arrange:1 drexel:1 burnham:1 lambert:1 consist:1 90:1 bank:1 finance:1 private:1 placement:1 71:1 senior:1 subordinated:1 note:1 25:1 convertible:1 preferred:1 stock:1 manufacturer:1 microgrpahic:1 equipment:1 merge:1 operate:1 separate:1 division:2 expect:1 improve:1 result:1 year:1
|
ANACOMP <AAC> GETS FUNDS TO BUY DATAGRAPHIX
Anacomp Inc said it
finalized the financing of its 128 mln dlrs purchase of
DatagraphiX Inc from General Dynamics Corp <GD>.
The financing, arranged by Drexel Burnham Lambert, consists
of 90 mln dlrs of bank financing, the private placement of 71
mln dlrs of senior subordinated notes and 25 mln dlrs of
convertible preferred stock, it said.
DatagraphiX, a manufacturer of microgrpahics equipment has
been merged into Anacomp and will be operated as a separate
division, Anacomp said. The division is expected to improve
results for Anacomp this year.
|
training/8262
|
training/8262 |@title supermarkets:1 general:1 corp:1 sgl:1 4th:1 qtr:1 jan:1 31:1 |@word oper:4 shr:2 50:1 ct:5 vs:12 52:1 net:5 19:1 2:4 mln:11 18:1 8:4 sale:3 1:8 43:1 billion:4 30:1 avg:2 shrs:2 38:2 6:1 36:1 0:2 year:4 65:1 dlrs:10 73:1 62:1 7:1 61:1 5:1 51:1 4:2 96:1 35:1 note:1 continue:1 operation:2 operate:3 exclude:2 result:1 discontinue:2 nil:1 profit:2 815:1 000:5 eight:1 share:5 quarter:2 loss:2 308:1 one:2 cent:1 880:1 five:1 late:1 also:1 536:1 four:1 disposal:1 department:1 store:1 segment:1 datum:1 adjust:1 reflect:1 two:1 stock:1 split:1 pay:1 holder:1 record:1 august:1 1986:1 include:1 pre:1 tax:1 lifo:1 credit:2 700:1 charge:2 9:1
|
SUPERMARKETS GENERAL CORP <SGL> 4TH QTR JAN 31
Oper shr 50 cts vs 52 cts
Oper net 19.2 mln vs 18.8 mln
Sales 1.43 billion vs 1.30 billion
Avg shrs 38.6 mln vs 36.0 mln
Year
Oper shr 1.65 dlrs vs 1.73 dlrs
Oper net 62.7 mln vs 61.8 mln
Sales 5.51 billion vs 4.96 billion
Avg shrs 38.1 mln vs 35.8 mln
NOTES: Sales are from continuing operations
Operating net excludes results from discontinued operations
of nil vs profit 2,815,000 dlrs, or eight cts a share, in
quarter and loss 308,000 dlrs, or one cent a share, vs profit
1,880,000 dlrs, or five cts a share, in year
Latest year operating net also excludes loss of 1,536,000
dlrs, or four cts a share, on disposal of discontinued
department store segment
Share data adjusted to reflect two-for-one stock split paid
to holders of record August 1, 1986
Operating net includes pre-tax LIFO credit 700,000 dlrs vs
credit 2.0 mln dlrs in quarter and charge 2.8 mln dlrs vs
charge 4.9 mln dlrs in year
|
training/8264
|
training/8264 |@title energy:1 factor:1 efac:1 buy:1 allied:1 ald:1 unit:1 |@word energy:1 factors:1 inc:3 say:1 sign:1 agreement:1 acquire:1 gwf:1 power:3 system:1 co:2 combustion:1 allied:1 signal:1 undisclosed:1 term:1 two:1 ally:1 unit:1 operate:1 develop:1 cogeneration:1 project:1 small:1 petroleum:1 coke:1 fuel:1 plant:1
|
ENERGY FACTORS <EFAC> TO BUY ALLIED <ALD> UNITS
Energy Factors Inc said it has signed
an agreement to acquire GWF Power Systems Co and Combustion
Power Co Inc from Allied-Signal Inc for undisclosed terms.
The two Allied units operate and are developing
cogeneration projects and small petroleum-coke fueled power
plants.
|
training/8269
|
training/8269 |@title ryland:1 group:1 inc:1 ryl:1 set:1 quarterly:1 |@word qtly:1 div:1 10:2 ct:2 vs:1 prior:1 pay:1 april:2 30:1 record:1 15:1
|
RYLAND GROUP INC <RYL> SETS QUARTERLY
Qtly div 10 cts vs 10 cts prior
Pay April 30
Record April 15
|
training/8270
|
training/8270 |@title h:1 b:1 full:2 co:1 1st:1 qtr:1 feb:1 28:1 net:1 |@word shr:1 38:1 ct:2 vs:3 30:1 net:1 3:1 649:1 000:2 2:2 789:1 sale:1 137:1 4:1 mln:2 119:1
|
H.B. FULLER CO <FULL> 1ST QTR FEB 28 NET
Shr 38 cts vs 30 cts
Net 3,649,000 vs 2,789,000
Sales 137.4 mln vs 119.2 mln
|
training/8273
|
training/8273 |@title market:1 loan:1 could:1 pin:1 u:1 trade:1 bill:1 |@word sen:1 david:1 pryor:3 ark:1 say:2 consider:1 amend:1 senate:3 finance:3 committee:3 trade:1 bill:2 provision:1 require:1 marketing:3 loan:4 soybean:1 corn:1 wheat:1 tell:1 future:1 industry:1 association:1 great:1 reluctance:1 among:1 member:1 agriculture:2 reopen:1 1985:1 farm:1 may:1 well:1 chance:1 panel:1 arkansas:1 senator:1 effect:1 allow:1 producer:1 pay:1 back:1 crop:1 world:1 price:1 lead:1 300:1 pct:2 increase:2 u:1 cotton:1 export:2 14:1 month:1 72:1 rice:1 serve:1
|
MARKET LOAN COULD BE PINNED TO U.S. TRADE BILL
Sen. David Pryor, D-Ark., said
he was considering amending the Senate Finance Committee's
trade bill with a provision to require a marketing loan for
soybeans, corn and wheat.
Pryor told the Futures Industry Association that there was
great reluctance among members of the Senate Agriculture
Committee to reopen the 1985 farm bill, and that a marketing
loan might have a better chance in the Finance panel.
The Arkansas senator said the marketing loan -- which in
effect allows producers to pay back their crop loans at the
world price -- had led to a 300 pct increase in U.S. cotton
exports in 14 months and a 72 pct increase in rice exports.
Pryor serves on both the Senate Finance and Agriculture
Committees.
|
training/8275
|
training/8275 |@title cooper:1 development:1 co:1 bugs:1 1st:1 qtr:1 jan:1 31:1 net:1 |@word shr:1 profit:2 seven:1 ct:2 vs:4 loss:2 16:1 net:2 2:1 144:1 000:3 4:4 110:1 sale:2 121:1 3:3 mln:5 20:1 avg:1 shrs:1 29:1 25:1 note:1 current:2 year:2 include:2 pretax:1 gain:1 product:1 line:1 11:1 dlrs:2 charge:1 711:1 posttax:1 expense:1 portion:1 unamorized:1 debt:1 issuance:1 cost:1 unit:1 result:1 technicon:1 corp:1 acquire:1 august:1 1986:1
|
COOPER DEVELOPMENT CO <BUGS> 1ST QTR JAN 31 NET
Shr profit seven cts vs loss 16 cts
Net profit 2,144,000 vs loss 4,110,000
Sales 121.3 mln vs 20.3 mln
Avg shrs 29.4 mln vs 25.3 mln
NOTE: Current year net includes pretax gain on sale of
product line of 11.4 mln dlrs and charge 4,711,000 dlrs posttax
on expensing of a portion of unamorized debt issuance costs of
unit.
Current year results include Technicon Corp, acquired in
August 1986.
|
training/8276
|
training/8276 |@title citizen:1 growth:1 citg:1 omit:1 quarterly:1 dividend:1 |@word citizen:1 growth:1 property:1 say:2 ommitte:1 regular:1 quartelry:1 dividend:1 result:1 decrease:1 earning:1 principally:1 attributable:1 default:1 borrower:1 trust:3 laargest:1 mortgage:2 loan:1 last:1 pay:1 12:1 ct:1 january:1 28:1 also:1 reaffirm:1 limited:1 share:1 repurchase:1 program:1 subject:1 available:1 cash:1 flow:1 light:1 defaulted:1
|
CITIZENS GROWTH <CITGS> OMITS QUARTERLY DIVIDEND
Citizens Growth Properties said
it ommitted its regular quartelry dividend as a result of
decreased earnings, principally attributable to the default by
a borrower of the trust's laargest mortgage loan.
The trust last paid 12 cts on January 28.
The trust said it also reaffirmed a limited share
repurchase program subject to available cash flow in light of
the defaulted mortgage.
|
training/8279
|
training/8279 |@title patrick:2 petroluem:2 definitive:2 accord:2 buy:2 bayou:2 resource:2 |@word
|
PATRICK PETROLUEM HAS DEFINITIVE ACCORD TO BUY BAYOU RESOURCES
PATRICK PETROLUEM HAS DEFINITIVE ACCORD TO BUY BAYOU RESOURCES
|
training/828
|
training/828 |@title petrolite:1 corp:1 plit:1 set:1 payout:1 |@word qtly:1 dividend:1 28:2 ct:2 vs:1 pay:1 april:2 24:1 record:1 10:1
|
PETROLITE CORP <PLIT> SETS PAYOUT
Qtly dividend 28 cts vs 28 cts
Pay April 24
Record April 10
|
training/8286
|
training/8286 |@title dynamic:1 homes:1 inc:1 dyhm:1 4th:1 qtr:1 net:1 |@word shr:2 profit:2 0:1 2:4 ct:4 vs:6 loss:5 net:2 900:2 43:1 500:1 sale:2 1:1 660:1 000:2 950:1 year:1 30:1 37:1 578:1 713:1 300:1 5:1 112:1 100:1 3:1 659:1 600:1
|
DYNAMIC HOMES INC <DYHM> 4TH QTR NET
Shr profit 0.2 cts vs loss 2.2 cts
Net profit 2,900 vs loss 43,500
Sales 1,660,000 vs 950,000
Year
Shr loss 30 cts vs loss 37 cts
Net loss 578,900 vs 713,300
Sales 5,112,100 vs 3,659,600
|
training/8287
|
training/8287 |@title safeguard:1 scientific:1 sfe:1 unit:1 buy:1 subsidiary:1 |@word safeguard:2 scientific:1 inc:2 say:2 subsidiary:2 coherent:2 communications:2 systems:1 corp:2 purchase:1 telecommunications:1 equipment:1 business:2 undisclosed:1 amount:1 cash:1 note:1 common:1 stock:1 buy:1 unit:1 comsat:1 telesystems:1 satellite:1 cq:1
|
SAFEGUARD SCIENTIFIC <SFE> UNIT BUYS SUBSIDIARY
Safeguard Scientific Inc
said its subsidiary, Coherent Communications Systems Corp,
purchased a telecommunications equipment business for an
undisclosed amount of cash, notes and Coherent common stock.
Safeguard said it bought the business unit from Comsat
TeleSystems Inc, a subsidiary of Communications Satellite Corp
<CQ>.
|
training/8288
|
training/8288 |@title patrick:1 petroleum:1 ppc:1 buy:1 bayou:1 |@word patrick:2 petroleum:1 co:1 say:1 sign:1 definitive:1 agreement:2 buy:1 bayou:6 resources:1 inc:1 previously:1 announce:1 transaction:1 value:2 8:5 mln:4 dlrs:5 include:2 2:1 debt:1 pay:1 six:1 per:1 share:3 additional:2 give:1 preferred:1 option:1 827:1 000:1 depend:1 upon:1 result:1 evaluation:1 significant:1 well:1 jan:1 1:1 1988:1 stockholder:1 may:1 receive:1 two:1 stock:1 cash:1
|
PATRICK PETROLEUM <PPC> TO BUY BAYOU
Patrick Petroleum Co said it
signed a definitive agreement to buy Bayou Resources Inc.
As previously announced, the transaction is valued at about
8.8 mln dlrs, including 2.8 mln dlrs in debt.
Under the agreement, Patrick will pay six dlrs per share
for each Bayou share, with additional value being given for
Bayou's preferred and options. Bayou has 827,000 shares out.
Depending upon the results of the re-evaluation of a
significant Bayou well as of Jan. 1, 1988, Bayou stockholders
may receive up to an additional two mln dlrs in stock and cash,
which has not been included in the 8.8 mln dlrs.
|
training/8289
|
training/8289 |@title westworld:1 community:1 health:1 wchi:1 4th:1 qtr:1 loss:1 |@word shr:2 loss:4 15:2 23:1 dlrs:2 vs:7 profit:4 12:1 ct:2 net:2 124:1 634:1 000:6 882:1 revs:2 38:1 4:1 mln:4 41:1 0:2 year:2 46:1 48:1 126:1 434:1 3:1 555:1 187:1 133:1 2:1 avg:1 shrs:1 8:1 177:1 7:1 450:1 note:1 current:1 result:1 include:1 charge:1 relate:1 closing:1 divestiture:1 facility:1 asset:1 full:1 name:1 westworld:1 community:1 healthcare:1 inc:1
|
WESTWORLD COMMUNITY HEALTH <WCHI> 4TH QTR LOSS
Shr loss 15.23 dlrs vs profit 12 cts
Net loss 124,634,000 vs profit 882,000
Revs 38.4 mln vs 41.0 mln
Year
Shr loss 15.46 dlrs vs profit 48 cts
Net loss 126,434,000 vs profit 3,555,000
Revs 187.0 mln vs 133.2 mln
Avg shrs 8,177,000 vs 7,450,000
Note: Current year results include charges related to
closing or divestitures of facilities and other assets.
Full name Westworld Community Healthcare Inc.
|
training/829
|
training/829 |@title nymex:1 submit:1 propane:1 proposal:1 cftc:1 |@word new:1 york:1 mercantile:1 exchange:7 expect:1 submit:2 propane:4 future:4 contract:7 federal:1 regulatory:1 approval:1 within:1 day:5 accord:4 spokeswoman:2 previously:1 announce:1 board:1 governor:1 approve:1 last:2 month:5 commodity:1 trading:2 commission:1 specification:1 resemble:1 heat:1 oil:1 gasoline:1 size:1 1:1 000:2 barrel:2 42:1 u:1 gallon:3 minimum:1 price:2 fluctuation:1 0:1 01:1 cent:1 per:1 4:1 20:1 dlrs:1 maximum:1 daily:1 limit:1 two:2 ct:1 except:1 spot:1 terminate:1 business:3 precede:1 delivery:7 say:1 f:1 b:1 seller:2 pipeline:3 storage:1 fractionation:1 facility:2 mont:2 belvieu:1 texas:2 direct:1 access:1 eastern:1 transmission:1 tet:1 beliview:1 method:1 line:1 well:1 transfer:3 inter:1 pumpover:1 book:1 earlier:1 tenth:1 calendar:1 must:2 complete:1 later:1 prior:1 end:1 buyer:1 take:1 pay:1 certify:1 check:1 deadline:1 payment:1 1200:1 e:1 noon:1 second:1 follow:1 receipt:1
|
NYMEX TO SUBMIT PROPANE PROPOSAL TO CFTC
The New York Mercantile Exchange expects
to submit a propane futures contract for federal regulatory
approval within a few days, according to an exchange
spokeswoman.
As previously announced, the Board of Governors of the
exchange approved the contract last month. The exchange will
now submit the contract to the Commodity Futures Trading
Commission, according to the spokeswoman.
Contract specifications will resemble those of heating oil
and gasoline futures. The contract size will be 1,000 barrels,
or 42,000 U.S. gallons.
The minimum price fluctuation for the propane futures
contract will be 0.01 cent per gallon, or 4.20 dlrs a barrel,
according to the exchange.
The maximum daily price limit will be two cts a gallon on
all contracts except spot. Trading will terminate on the last
business day of the month preceding the delivery month.
The exchange said delivery will be F.O.B from the seller's
pipeline, storage, or fractionation facility in Mont Belvieu,
Texas, which has a direct pipeline access to the Texas Eastern
Transmission Pipeline (TET) in Mont Beliview.
Delivery method will be by in-line or in-well transfer,
inter-facility transfer or pumpover, or book transfer and
cannot be done earlier than the tenth calendar day of the
delivery month, according to the exchange. Deliveries must be
completed no later than two business days prior to the end of
the delivery month.
Buyers taking delivery of the propane must pay the seller
by certified check and the deadline for payment is 1200 EST
(noon) of the second business day following receipt of the
propane.
|
training/8291
|
training/8291 |@title kings:1 road:1 entertainment:1 inc:1 kren:1 3rd:1 qtr:1 net:1 |@word shr:2 loss:7 seven:1 ct:3 vs:8 64:1 net:3 367:1 000:13 3:4 009:1 revs:2 2:1 516:1 8:1 787:1 avg:2 shrs:2 4:4 941:1 714:1 nine:2 mth:2 73:1 1:2 17:1 dlrs:3 545:1 573:1 6:1 788:1 13:1 mln:1 856:1 908:1 note:1 prior:1 year:1 include:1 tax:1 credit:1 63:1 quarter:1 395:1
|
KINGS ROAD ENTERTAINMENT INC <KREN> 3RD QTR NET
Shr loss seven cts vs loss 64 cts
Net loss 367,000 vs 3,009,000
Revs 2,516,000 vs 8,787,000
Avg shrs 4,941,000 vs 4,714,000
Nine mths
Shr loss 73 cts vs loss 1.17 dlrs
Net loss 3,545,000 vs loss 4,573,000
Revs 6,788,000 vs 13.3 mln
Avg shrs 4,856,000 vs 3,908,000
NOTE: Prior year net includes tax credits of 63,000 dlrs in
quarter and 1,395,000 dlrs in nine mths.
|
training/8292
|
training/8292 |@title paychex:1 inc:1 payx:1 3rd:1 qtr:1 feb:1 28:1 net:1 |@word shr:2 13:2 ct:4 vs:6 10:1 net:2 1:1 109:1 000:4 875:1 revs:2 16:1 6:1 mln:4 2:2 nine:1 mth:1 44:1 33:1 3:1 770:1 851:1 46:1 9:2 36:1 note:1 share:1 adjust:1 three:1 two:1 stock:1 split:1 june:1 1986:1
|
PAYCHEX INC <PAYX> 3RD QTR FEB 28 NET
Shr 13 cts vs 10 cts
Net 1,109,000 vs 875,000
Revs 16.6 mln vs 13.2 mln
Nine mths
Shr 44 cts vs 33 cts
Net 3,770,000 vs 2,851,000
Revs 46.9 mln vs 36.9 mln
NOTE: Share adjusted for three-for-two stock split in June
1986.
|
training/8293
|
training/8293 |@title ic:2 ind:1 icx:1 sell:1 certain:1 asset:1 mlx:1 |@word industries:1 inc:1 say:2 abex:1 corp:2 subsidiary:1 agree:1 sell:1 sintered:1 friction:1 material:1 business:1 italy:1 troy:1 michigan:1 base:1 mlx:1 undisclosed:1 term:1 completion:1 propose:1 transaction:1 subject:1 approval:1 italian:1 government:1
|
IC INDS <ICX> TO SELL CERTAIN ASSETS TO MLX
IC Industries Inc said its Abex Corp
subsidiary agreed to sell its sintered friction materials
business in Italy to Troy, Michigan-based MLX Corp, for
undisclosed terms. Completion of the proposed transaction is
subject to approval by the Italian government, it said.
|
training/8294
|
training/8294 |@title reliable:1 life:1 insurance:1 co:1 rlifa:1 year:1 net:1 |@word shr:1 4:1 87:1 dlrs:4 vs:2 2:2 21:1 net:2 14:1 6:2 mln:2 639:1 540:1 note:1 1986:1 include:1 gain:1 578:1 887:1 chjange:1 account:1 pension:1 plan:1 investment:1 gaion:1 three:1
|
RELIABLE LIFE INSURANCE CO <RLIFA> YEAR NET
Shr 4.87 dlrs vs 2.21 dlrs
Net 14.6 mln vs 6,639,540
NOTE: 1986 net includes gain 2,578,887 dlrs from chjange in
accounting for pension plans and investment gaions of over
three mln dlrs.
|
training/8296
|
training/8296 |@title raven:1 industries:1 inc:1 rav:1 4th:1 qtr:1 jan:1 31:1 net:1 |@word shr:2 profit:6 six:1 ct:2 vs:6 loss:2 nine:1 net:2 101:1 000:5 142:1 sale:2 12:1 6:1 mln:3 8:1 736:1 year:1 1:3 34:1 dlrs:2 02:1 2:1 122:1 611:1 52:1 3:1 41:1 9:1
|
RAVEN INDUSTRIES INC <RAV> 4TH QTR JAN 31 NET
Shr profit six cts vs loss nine cts
Net profit 101,000 vs loss 142,000
Sales 12.6 mln vs 8,736,000
Year
Shr profit 1.34 dlrs vs profit 1.02 dlrs
Net profit 2,122,000 vs profit 1,611,000
Sales 52.3 mln vs 41.9 mln
|
training/8297
|
training/8297 |@title hemodynamics:1 inc:1 hmdy:1 year:1 loss:1 |@word shr:1 loss:4 24:1 ct:2 vs:3 41:1 net:1 148:1 070:1 251:1 225:1 sale:1 1:1 298:1 257:1 319:1 588:1
|
HEMODYNAMICS INC <HMDY> YEAR LOSS
Shr loss 24 cts vs loss 41 cts
Net loss 148,070 vs loss 251,225
Sales 1,298,257 vs 319,588
|
training/8298
|
training/8298 |@title deloitte:1 haskins:1 sell:1 get:1 stake:1 company:1 |@word deloitte:1 haskins:1 sell:1 accounting:1 consulting:1 firm:1 say:3 buy:1 stake:1 holland:2 systems:1 corp:1 software:1 service:2 company:2 also:1 set:1 venture:2 system:1 develop:1 market:1 integrate:1 line:1 information:1 management:1 product:2 expect:1 introduce:1 within:1 next:1 year:1
|
DELOITTE HASKINS SELLS GETS STAKE IN COMPANY
<Deloitte Haskins and Sells>, an
accounting and consulting firm, said it bought a stake in
<Holland Systems Corp>, a software and services company.
The company also said it set up a venture with Holland
Systems to develop and market an integrated line of information
management products and services.
It said products from the venture are expected to be
introduced within the next year.
|
training/8299
|
training/8299 |@title fed:1 expect:1 set:1 customer:1 repurchase:1 |@word federal:2 reserve:2 expect:1 intervene:2 government:1 security:1 market:1 add:2 temporary:1 indirectly:1 via:1 1:1 5:2 2:1 billion:1 dlrs:1 customer:1 repurchase:1 agreement:1 economist:1 say:2 fed:1 moderate:1 need:1 next:1 day:1 probably:1 attempt:1 counteract:1 elevated:1 fund:2 rate:1 feed:1 average:1 6:2 09:1 pct:2 friday:1 open:1 3:1 16:1 remain:1 level:1 early:1 trading:1
|
FED EXPECTED TO SET CUSTOMER REPURCHASES
The Federal Reserve is expected to
intervene in the government securities market to add temporary
reserves indirectly via 1.5 to 2.5 billion dlrs of customer
repurchase agreements, economists said.
They said that while the Fed has only a moderate add need
over the next few days, it will probably intervene in an
attempt to counteract an elevated federal funds rate.
Fed funds, which averaged 6.09 pct on Friday, opened at
6-3/16 pct and remained at that level in early trading.
|
training/83
|
training/83 |@title liberty:1 star:1 equity:1 fund:1 initial:1 div:1 |@word qtly:1 div:1 five:1 ct:2 vs:1 n:1 payable:1 april:1 two:2 record:1 march:1 20:1 note:1 1986:2 dividend:1 include:1 special:1 per:1 share:1 period:1 begin:1 fund:1 commencement:1 operation:1 novebmer:1 three:1 december:1 31:1
|
LIBERTY ALL-STAR EQUITY FUND INITIAL DIV
Qtly div five cts vs N.A.
Payable April two
Record March 20
NOTE:1986 dividend includes special two cts per share for
the period beginning with the fund's commencement of operations
on Novebmer three through December 31, 1986.
|
training/830
|
training/830 |@title |@word australian:2 annual:2 broad:2 money:2 supply:2 growth:2 10:2 3:2 pct:2 january:2
|
australian annual broad money supply growth 10.3 pct in January
australian annual broad money supply growth 10.3 pct in January
|
training/8300
|
training/8300 |@title moto:2 photo:1 inc:1 4th:1 qtr:1 net:1 |@word oper:4 shr:2 profit:3 one:1 ct:4 vs:8 loss:6 six:1 net:3 148:1 628:1 249:1 192:1 revs:2 3:2 772:1 639:1 1:1 101:1 633:1 avg:2 shrs:2 5:2 235:1 233:1 4:3 371:1 795:1 year:2 10:1 19:1 760:1 788:1 042:1 9:1 899:1 038:1 819:1 678:1 837:1 361:1 163:1 006:1 note:1 share:1 poreferre:1 dividend:1 current:1 period:1 exclude:1 15:1 000:1 dlr:1 tax:1 carryforward:1
|
MOTO PHOTO INC <MOTO> 4TH QTR NET
Oper shr profit one ct vs loss six cts
Oper net profit 148,628 vs loss 249,192
Revs 3,772,639 vs 1,101,633
Avg shrs 5,235,233 vs 4,371,795
Year
Oper shr loss 10 cts vs loss 19 cts
Oper net profit 5,760 vs loss 788,042
Revs 9,899,038 vs 3,819,678
Avg shrs 4,837,361 vs 4,163,006
NOTE: Share after poreferred dividends.
Current year net both periods excludes 15,000 dlr tax loss
carryforward.
|
training/8302
|
training/8302 |@title u:2 treasury:2 baker:2 say:2 currency:2 within:2 range:2 well:2 reflect:2 fundamental:2 |@word
|
U.S. TREASURY'S BAKER SAYS CURRENCIES WITHIN RANGES THAT BETTER REFLECT FUNDAMENTALS
U.S. TREASURY'S BAKER SAYS CURRENCIES WITHIN RANGES THAT BETTER REFLECT FUNDAMENTALS
|
training/8306
|
training/8306 |@title greece:1 seek:1 ec:1 sugar:1 next:1 month:1 tender:1 |@word greece:1 hold:1 buying:1 tender:1 april:2 8:1 reply:1 10:1 40:1 000:1 tonne:1 white:1 sugar:1 ec:1 member:1 country:1 delivery:1 four:1 equal:1 tranche:1 may:1 june:1 july:1 august:1 trader:1 say:1
|
GREECE SEEKING EC SUGAR NEXT MONTH AT TENDER
Greece will hold a buying tender on
April 8, for reply by April 10, for 40,000 tonnes of white
sugar from EC member countries, for delivery in four equal
tranches in May, June, July and August, traders said.
|
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