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training/8308
|
training/8308 |@title zinc:1 producer:1 approach:1 ec:1 voluntary:1 closure:1 |@word number:1 individual:1 zinc:2 produce:1 company:3 approach:2 european:2 commission:4 sound:1 reaction:1 possible:1 industry:3 plan:4 voluntary:1 reduction:1 smelting:1 capacity:3 source:2 say:3 tell:1 could:1 judge:1 whether:1 would:1 acceptable:1 community:1 ec:1 competition:1 rule:1 full:1 detail:1 1983:2 draw:1 envisage:2 loss:2 130:1 000:1 tonne:1 annual:1 10:1 pct:1 total:1 however:1 proceed:1 market:1 condition:1 improve:1 1984:1 note:1 recently:1 name:1 appear:1 productive:1 similar:1 propose:1
|
ZINC PRODUCERS APPROACH EC ON VOLUNTARY CLOSURES
A number of individual zinc producing
companies have approached the European Commission to sound out
its reaction to a possible industry plan for a voluntary
reduction of smelting capacity, Commission sources said.
The companies have been told that the Commission could not
judge whether a plan would be acceptable under European
Community, EC, competition rules until it had full details,
they said.
In 1983, the industry drew up a plan envisaging the loss of
about 130,000 tonnes of annual capacity, or about 10 pct of the
total.
However, the industry did not proceed with this plan as
zinc market conditions improved in 1984, the sources noted.
They said the companies which approached the Commission
recently -- and which they did not name -- appeared to envisage
a loss of productive capacity similar to that proposed in 1983.
|
training/8309
|
training/8309 |@title currency:1 better:1 reflect:1 fundamental:1 baker:1 |@word treasury:1 secertary:1 james:1 baker:1 say:2 currency:1 within:1 range:2 better:1 reflect:2 economic:2 fundamental:2 speech:1 annual:1 meeting:1 inter:1 american:1 development:1 bank:1 excchange:1 move:1 well:1 note:1 particular:1 dollar:1 fall:1 high:1 point:1 early:1 1985:1 help:1 moderate:1 protectionist:1 pressure:1 u:1
|
CURRENCIES BETTER REFLECT FUNDAMENTALS - BAKER
Treasury Secertary James Baker said
currencies were now within ranges that better reflected
economic fundamentals.
In a speech to the annual meeting of the Inter-American
Development Bank, he said, 'Excchange have moved into ranges
that better reflect economic fundamentals.'
He noted that in particular that dollar has fallen from its
high point in early 1985 helping to moderate protectionist
pressures in the U.S.
|
training/8311
|
training/8311 |@title tonka:1 tka:1 see:1 low:1 fiscal:1 first:1 quarter:1 net:1 |@word tonka:4 corp:1 say:6 expect:4 result:3 fiscal:1 first:3 quarter:2 end:1 april:1 four:1 decline:2 record:3 earning:3 3:2 8:1 mln:4 dlrs:5 57:1 ct:1 share:2 revenue:3 53:1 2:1 toy:1 manufacturer:1 attribute:1 anticipate:1 low:2 financial:1 moderate:1 shipment:4 pound:1 puppy:1 product:2 line:1 also:1 remain:1 1987:2 half:3 compare:1 1986:2 125:1 4:1 10:1 net:1 1:1 47:1 company:1 level:2 good:2 despite:1 conservative:1 buying:1 pattern:2 part:1 retailer:2 industry:1 wide:1 somewhat:1 gross:1 profit:1 margin:1 slightly:1 year:3 ago:1 second:2 sale:1 strong:1 base:1 return:1 traditional:1 seasonal:1 shipping:1 order:3 stock:1 conservatively:1 early:1 time:1 large:1 pace:1 writing:1 trail:1 last:1 booking:1 several:1 new:1 introduction:1
|
TONKA <TKA> SEES LOWER FISCAL FIRST QUARTER NET
Tonka Corp said it expects
results for its fiscal first quarter to end April four, to
decline from the record earnings of 3.8 mln dlrs or 57 cts a
share and revenues of 53.2 mln dlrs.
The toy manufacturer attributed its anticipated lower
financial results to an an expected moderate decline in
shipments of its Pound Puppies product line.
Tonka also said it expects revenues and earnings to remain
lower through the 1987 first half compared with 1986 record
results of 125.4 mln dlrs in revenues and 10.3 mln dlrs in net
earnings or 1.47 dlrs a share.
The company said its level of shipments is good despite a
conservative buying pattern on the part of retailers industry
wide. Tonka's first quarter shipments will be down somewhat
from 1986 record levels and gross profit margins will be down
slightly from a year ago, it said.
Second half sales are expected to be stronger based on a
return to a more traditional seasonal shipping pattern in which
retailers order and stock conservatively early in the year and
time large shipments for the second half, it said.
Tonka said that while the pace of order writing is trailing
last year's, bookings are 'very good' for orders on several of
its new product introductions for 1987.
|
training/8313
|
training/8313 |@title child:1 world:1 inc:1 cwld:1 4th:1 qtr:1 jan:1 31:1 net:1 |@word shr:2 1:3 34:1 dlrs:3 vs:8 09:1 net:3 15:1 4:1 mln:12 12:1 6:2 sale:2 323:1 240:1 2:1 avg:2 shrs:2 11:3 5:3 year:2 95:1 ct:2 91:1 10:2 9:2 368:1 000:1 628:1 8:1 513:1 3:1 note:1 late:1 cut:1 investment:1 tax:1 credit:1 loss:1
|
CHILD WORLD INC <CWLD> 4TH QTR JAN 31 NET
Shr 1.34 dlrs vs 1.09 dlrs
Net 15.4 mln vs 12.6 mln
Sales 323.6 mln vs 240.2 mln
Avg shrs 11.5 mln vs 11.5 mln
Year
Shr 95 cts vs 91 cts
Net 10.9 mln vs 9,368,000
Sales 628.8 mln vs 513.1 mln
Avg shrs 11.5 mln vs 10.3 mln
NOTE: Latest year net cut on mln dlrs by investment tax
credit loss.
|
training/8314
|
training/8314 |@title bayernverein:1 expect:1 unchanged:1 dividend:1 1987:1 |@word bayerische:1 vereinsbank:1 ag:1 bvmg:1 f:1 expect:1 pay:1 unchanged:1 dividend:1 13:1 mark:10 1987:3 earning:2 profit:5 barely:1 reach:2 last:2 year:6 record:1 levels:1 management:1 board:1 spokesman:1 maximilian:1 hackl:4 say:4 tell:1 annual:1 news:1 conference:1 possible:1 credit:2 risk:2 especially:1 associate:1 foreign:1 nation:1 largely:1 cover:1 provision:1 therefore:1 unlikely:1 high:1 level:1 1986:5 group:1 bank:7 net:2 rise:5 275:1 52:1 mln:8 222:1 73:1 previous:2 parent:5 increase:6 187:1 63:1 161:1 58:1 interest:1 margin:2 banking:2 business:6 decline:1 2:2 71:1 pct:9 78:1 mortgage:3 sector:2 slightly:1 stand:1 around:1 0:1 7:2 commission:1 surplus:1 security:1 almost:1 15:1 358:1 expense:1 personnel:1 5:3 782:1 cost:1 9:1 4:1 272:1 partial:1 operating:1 exclude:1 trade:2 account:2 climb:1 two:2 671:1 balance:1 sheet:1 total:2 3:1 81:1 billion:3 end:2 compare:2 1985:1 boost:1 three:1 1:2 share:1 volume:1 46:1 45:1 january:1 february:1 liven:1 despite:1 sharp:1 downturn:1 german:1 bourse:1 first:1 month:1 ago:1 period:1 give:1 detailed:1 figure:1
|
BAYERNVEREIN EXPECTS UNCHANGED DIVIDEND FOR 1987
Bayerische Vereinsbank AG <BVMG.F>
expects to pay an unchanged dividend of 13 marks on 1987
earnings but profits will only barely reach last year's record
levels, management board spokesman Maximilian Hackl said.
He told the annual news conference that possible credit
risks, especially those associated with foreign nations, had
largely been covered. Risk provisions in 1987 were therefore
unlikely to reach the same high level as in 1986.
Group bank net profit rose to 275.52 mln marks in 1986 from
222.73 mln the previous year and parent bank net profit
increased to 187.63 mln marks from 161.58 mln.
Hackl said that interest margins in the banking business
had declined to 2.71 pct last year from 2.78 pct the previous
year. But in the mortgage sector, the margins had increased
slightly and stood around 0.7 pct.
Parent bank commission surplus in the securities business
had risen almost 15 pct to 358 mln marks in 1986.
Expenses for personnel had increased 7.5 pct to 782 mln
marks and others costs had increased 9.4 pct to 272 mln marks.
The parent bank's 1986 partial operating profit, which
excludes earnings from trading on its own account, had climbed
two pct to 671 mln marks.
The parent bank's balance sheet total rose 5.3 pct to 81.5
billion marks at end-1986 compared with end-1985, Hackl said.
It was boosted by a three billion mark rise in mortgage
business and a 1.1 billion mark increase in banking business.
The mortgage sector's share in total parent bank business
volume rose to 46 pct from 45.
Hackl said that in January and February this year, the
bank's credit business had not livened up. But despite the
sharp downturn on German bourses, profits from trading on own
account had increased in the first two 1987 months compared
with the same year-ago period. He gave no detailed figures.
|
training/8317
|
training/8317 |@title dynamic:1 homes:1 inc:1 dyhm:1 4th:1 qtr:1 net:1 |@word shr:2 nil:1 vs:6 loss:6 two:1 ct:3 net:2 profit:1 2:1 900:2 43:1 500:1 revs:2 1:1 660:1 300:2 950:1 000:1 12:1 mth:1 30:1 37:1 578:1 713:1 5:1 112:1 100:1 3:1 659:1 600:1
|
DYNAMIC HOMES INC <DYHM> 4TH QTR NET
Shr nil vs loss two cts
Net profit 2,900 vs loss 43,500
Revs 1,660,300 vs 950,000
12 mths
Shr loss 30 cts vs loss 37 cts
Net loss 578,900 vs loss 713,300
Revs 5,112,100 vs 3,659,600
|
training/8318
|
training/8318 |@title canada:1 lease:1 financing:1 ltd:1 3rd:1 qtr:1 dec:1 31:1 net:1 |@word shr:2 30:1 ct:4 vs:6 12:1 net:2 727:1 000:4 266:1 revs:2 27:1 8:1 mln:4 21:1 1:4 nine:1 mth:1 59:2 48:1 355:1 098:1 69:1 4:1
|
<CANADA LEASE FINANCING LTD> 3RD QTR DEC 31 NET
Shr 30 cts vs 12 cts
Net 727,000 vs 266,000
Revs 27.8 mln vs 21.1 mln
Nine mths
Shr 59 cts vs 48 cts
Net 1,355,000 vs 1,098,000
Revs 69.4 mln vs 59.1 mln
|
training/8319
|
training/8319 |@title rotterdam:1 grain:1 handler:1 say:1 port:1 balance:1 rise:1 |@word graan:1 elevator:1 mij:1 gem:1 say:1 balance:2 port:1 grain:3 oilseed:3 derivative:3 rise:1 70:1 000:9 tonne:6 march:1 21:1 compare:1 10:1 week:3 earlier:1 arrival:2 192:1 discharge:1 132:1 last:1 comprise:1 25:1 plus:1 45:1 estimate:1 total:1 487:1 107:1 380:1 figure:1 cover:1 around:1 95:1 pct:1 rotterdam:1 traffic:1 product:1 concern:1
|
ROTTERDAM GRAIN HANDLER SAYS PORT BALANCE ROSE
Graan Elevator Mij (GEM) said its
balance in port of grains, oilseeds and derivatives rose to
70,000 tonnes on March 21 compared with 10,000 a week earlier
after arrivals of 192,000 tonnes and discharges of 132,000
tonnes last week.
The balance comprised 25,000 tonnes of grains plus oilseeds
and 45,000 tonnes of derivatives.
This week's estimated arrivals total 487,000 tonnes, of
which 107,000 are grains/oilseeds and 380,000 derivatives.
The figures cover around 95 pct of Rotterdam traffic in the
products concerned.
|
training/8320
|
training/8320 |@title public:1 service:1 n:1 c:1 psnc:1 raise:1 payout:1 |@word public:1 service:1 co:1 north:1 carolina:1 inc:1 say:2 board:1 raise:1 quarterly:1 dividend:2 23:1 ct:2 per:1 share:3 22:1 1:1 2:1 previously:1 adjust:1 two:1 one:3 stock:1 split:2 take:1 effect:1 april:1 27:1 payable:1 july:1 holder:1 record:1 june:1 16:1 company:1 also:1 plan:1 file:1 soon:1 offering:1 mln:1 new:1 would:1 give:1 total:1 8:1 850:1 000:1 post:1
|
PUBLIC SERVICE N.C. <PSNC> RAISES PAYOUT
Public Service Co of North
Carolina Inc said its board raised the quarterly dividend to 23
cts per share from 22-1/2 cts previously, as adjusted for a
two-for-one stock split that takes effect April 27.
The dividend is payable July One to holders of record June
16.
The company also said it plans to file soon for an offering
of up to one mln new shares, which would give it a total of
about 8,850,000 post-split shares.
|
training/8322
|
training/8322 |@title wickes:1 wix:1 plan:1 reverse:1 split:1 call:1 debt:1 |@word wickes:3 cos:1 inc:1 say:4 board:1 authorize:1 one:1 five:1 reverse:2 stock:2 split:2 plan:1 call:2 company:3 12:1 pct:1 senior:1 subordianted:1 debenture:2 due:1 1994:1 seek:1 shareholder:2 approval:1 annual:1 meeting:1 schedule:1 june:1 18:1 january:1 31:1 239:1 mln:1 share:1 outstande:1 also:2 dec:1 1:1 1987:1 assume:1 market:1 condition:1 remain:1 essentially:1
|
WICKES <WIX> PLANS REVERSE SPLIT, CALLS DEBT
Wickes Cos Inc said its
board authorized a one-for-five reverse stock split and plans
to call the company's its 12 pct senior subordianted debentures
due 1994.
The company said it will seek shareholder approval of the
reverse stock split at the annual shareholders meeting
scheduled for June 18.
At January 31 Wickes had 239 mln shares outstanding, the
company also said.
Wickes also said it will call the debentures on Dec 1,
1987, assuming market conditions remain essentially the same.
|
training/8326
|
training/8326 |@title icco:2 put:2 1986:2 87:2 world:2 cocoa:2 surplus:2 94:2 000:4 tonne:2 vs:2 118:2 1985:2 86:2 delegate:2 |@word
|
ICCO PUTS 1986/87 WORLD COCOA SURPLUS 94,000 TONNES VS 118,000 IN 1985/86 - DELEGATES
ICCO PUTS 1986/87 WORLD COCOA SURPLUS 94,000 TONNES VS 118,000 IN 1985/86 - DELEGATES
|
training/8327
|
training/8327 |@title investor:1 acquire:1 9:2 pct:1 munford:1 mfd:1 |@word joint:1 venture:1 control:1 dallas:1 investor:1 bradbury:1 dyer:1 say:3 acquire:1 377:1 000:2 share:3 9:2 pct:1 common:1 stock:1 munford:1 inc:1 filing:1 securities:1 exchange:1 commission:1 concern:1 comprise:1 paragon:3 associates:2 ii:1 buy:3 stake:1 7:1 659:1 dlrs:1 may:1 investment:1 purpose:1
|
INVESTOR ACQUIRES 9.9 PCT OF MUNFORD <MFD>
A joint venture controlled by Dallas
investor Bradbury Dyer said it had acquired 377,000 shares, or
9.9 pct, of the common stock of Munford Inc.
In a filing with the Securities and Exchange Commission,
the concern, which comprises Paragon Associates and Paragon
Associates II, said it bought the stake for 7,659,000 dlrs and
may buy more shares.
Paragon said it bought the shares for investment purposes.
|
training/833
|
training/833 |@title yeutter:1 blast:1 propose:1 ec:1 oil:1 fat:1 tax:1 u:1 |@word trade:5 representative:2 clayton:1 yeutter:5 today:1 say:7 european:3 community:1 council:1 ministers:1 approve:1 tax:5 vegetable:3 oil:3 fat:1 another:2 major:1 transatlantic:1 row:1 erupt:1 agriculture:1 statement:1 issue:1 office:1 follow:1 speech:1 american:2 soybean:4 association:1 board:1 directors:1 propose:3 would:5 severe:1 impact:1 farmer:1 export:1 2:1 4:1 billion:1 dlrs:1 product:1 annually:1 ec:4 unacceptable:1 situation:1 enactment:1 leave:1 choice:1 vigorously:1 protect:1 right:1 defend:1 access:1 market:1 violate:1 obligation:1 gatt:1 effect:1 double:1 price:2 soyoil:2 produce:1 import:1 make:3 margarine:2 expensive:2 tallow:1 base:1 closer:1 butter:1 astonished:1 commission:1 provocative:1 measure:1 soon:1 successfully:1 resolve:1 agricultural:1 dispute:1 enlargement:1 include:1 spain:1 portugal:1 serve:1 purpose:1 embark:1 confrontational:1 course:1 recent:1 wound:1 heal:1 begin:1 progress:1 uruaguay:1 round:1 global:1 talk:1
|
YEUTTER BLASTS PROPOSED EC OILS AND FATS TAX
U.S. trade representative Clayton
Yeutter today said that if the European Community's Council of
Ministers approves a tax on vegetable oils and fats, another
major transatlantic trade row will erupt over agriculture.
In a statement issued by the trade representative's office
following a speech to the American Soybean Association's board
of directors, Yeutter said the proposed tax would have a severe
impact on American soybean farmers, who export some 2.4 billion
dlrs in soybeans and products annually to the EC.
'This is an unacceptable situation for us and its
(vegetable oils tax) enactment would leave us no choice but to
vigorously protect our trade rights and defend our access to
the European market,' Yeutter said.
Yeutter said the proposed vegetable oils tax would violate
EC obligations under the GATT.
He said the effect of the tax would be to double the price
of soyoil produced from imported soybeans, making margarine
made from soyoil more expensive than tallow-based margarine,
and closer in price to expensive European butter.
'I am astonished that the EC commission would propose such
a provocative measure so soon after we successfully resolved
the agricultural dispute over the enlargement of the EC to
include Spain and Portugal,' Yeutter said.
'It serves no purpose to embark on another confrontational
course before the recent wounds have healed and as we are
beginning to make progress on the Uruaguay round (of global
trade talks),' he said.
|
training/8331
|
training/8331 |@title bp:2 unit:1 build:1 gold:1 extraction:1 plant:1 |@word amselco:3 minerals:2 inc:2 unit:2 british:1 petroleum:1 co:2 plc:1 say:5 approve:1 construction:1 new:2 plant:5 nerco:4 process:4 carbon:2 ore:4 recover:3 microscopic:1 gold:4 reserve:2 locate:1 alligator:3 ridge:3 mine:3 near:1 ely:1 nev:1 1:1 000:3 ton:1 day:1 bearing:1 70:1 ounce:2 three:1 year:2 use:2 chemical:1 call:1 leach:1 extract:1 residual:1 could:1 otherwise:1 economically:1 operation:1 jointly:2 set:1 start:1 october:1 ner:1 90:1 5:1 pct:1 pacificorp:1 ppw:1 portland:1 hold:1 company:2 produce:1 60:1 since:1 1981:1 another:1 leaching:1 bp:1 spokesman:1 open:1 pit:1 oxide:1 exhaust:1 august:1 1987:1 expect:1 work:1 force:1 reduce:1 72:1 127:1 employee:1 remain:1 operate:1
|
BP <BP> UNIT TO BUILD GOLD EXTRACTION PLANT
Amselco Minerals Inc, a unit of British
Petroleum Co PLC, said it approved construction of a new plant
with Nerco Minerals Co to process carbon ore to recover
microscopic gold reserves.
The plant, to be located at the Alligator Ridge Mine near
Ely, Nev., will process 1,000 tons a day of carbon-bearing ore
to recover 70,000 ounces of gold over three years, it said.
The plant will use a chemical process called leaching to
extract the residual gold, which could not otherwise be
economically recovered. Operation of the plant, to be jointly
owned by Amselco and Nerco, is set to start in October.
The Alligator Ridge Mine is jointly owned by Amselco and
Nerco, a unit of Nerco Inc <NER>, which is 90.5 pct owned by
Pacificorp <PPW>, a Portland, Ore., holding company.
The mine has produced about 60,000 ounces of gold a year
since 1981 using another leaching process, a BP spokesman said.
The open pit oxide ore reserves of Alligator Ridge will be
exhausted by August 1987, as expected, when the work force will
be reduced to about 72 from 127, the company said.
The employees remaining after that will operate the new
plant, it said.
|
training/8334
|
training/8334 |@title moto:2 photo:1 see:1 well:1 1st:1 quarter:1 1987:1 |@word moto:2 photo:2 inc:1 president:1 michael:1 adler:2 say:2 expect:1 company:1 first:2 quarter:4 earning:1 fiscal:1 1987:1 well:1 year:1 ago:1 however:1 would:1 still:1 loss:2 primarily:1 low:1 season:1 imaging:1 business:1 recore:1 net:1 1986:1 end:1 march:1 31:1 328:1 889:1 dlrs:1
|
MOTO PHOTO <MOTO> SEES BETTER 1ST QUARTER 1987
Moto Photo Inc president, Michael
Adler, said he expects the company's first quarter earnings for
fiscal 1987 to be better than the same quarter a year ago.
Adler said, however, that the quarter would still be a
loss, primarily because it is the low season for the imaging
business.
Photo Moto recored a net loss for the first quarter 1986
ending March 31 of 328,889 dlrs.
|
training/8335
|
training/8335 |@title canada:1 southern:1 petroleum:1 ltd:1 csw:1 2nd:1 qtr:1 loss:1 |@word qtr:1 end:1 dec:1 31:1 shr:2 loss:4 one:2 ct:4 vs:6 profit:4 two:1 net:2 52:1 922:1 220:1 041:1 rev:1 481:1 832:1 824:1 554:1 six:1 mth:1 four:1 104:1 129:1 345:1 515:1 revs:1 934:1 685:1 1:1 465:1 153:1
|
CANADA SOUTHERN PETROLEUM LTD<CSW> 2ND QTR LOSS
Qtr ends Dec 31
Shr loss one ct vs profit two cts
Net loss 52,922 vs profit 220,041
Revs 481,832 vs 824,554
Six mths
Shr loss one ct vs profit four cts
Net loss 104,129 vs profit 345,515
Revs 934,685 vs 1,465,153
|
training/8337
|
training/8337 |@title recoton:1 corp:1 rcot:1 4th:1 qtr:1 loss:1 |@word shr:2 loss:2 14:1 ct:4 vs:6 profit:6 26:2 net:2 384:1 000:9 714:1 revs:2 8:1 367:1 9:1 909:1 year:1 19:1 57:1 518:1 1:2 547:1 28:1 7:2 mln:3 note:1 include:1 income:1 tax:2 credit:1 302:1 dlrs:4 3:1 1986:1 1985:2 respectively:1 602:1 qtr:2 current:1 provision:1 452:1
|
RECOTON CORP <RCOT> 4TH QTR LOSS
Shr loss 14 cts vs profit 26 cts
Net loss 384,000 vs profit 714,000
Revs 8,367,000 vs 9,909,000
Year
Shr profit 19 cts vs profit 57 cts
Net profit 518,000 vs profit 1,547,000
Revs 28.7 mln vs 26.7 mln
NOTE: Includes income tax credits of 302,000 dlrs and 1.3
mln dlrs in 1986 and 1985, respectively, and 602,000 dlrs in
1985 qtr. Current qtr after tax provision of 452,000 dlrs.
|
training/8338
|
training/8338 |@title sanford:1 corp:1 sanf:1 1st:1 qtr:1 feb:1 28:1 net:1 |@word shr:1 28:1 ct:2 vs:3 13:1 net:1 1:1 898:1 000:2 892:1 sale:1 16:1 8:1 mln:2 15:1 3:1
|
SANFORD CORP <SANF> 1ST QTR FEB 28 NET
Shr 28 cts vs 13 cts
Net 1,898,000 vs 892,000
Sales 16.8 mln vs 15.3 mln
|
training/8339
|
training/8339 |@title canada:1 southern:1 petroleum:1 ltd:1 2nd:1 qtr:1 loss:1 |@word period:1 end:1 december:1 31:1 1986:1 shr:2 loss:4 one:2 ct:4 vs:6 profit:4 two:1 net:2 52:1 922:1 220:1 041:1 rev:1 481:1 832:1 824:1 554:1 six:1 mth:1 four:1 104:1 129:1 345:1 515:1 revs:1 937:1 685:1 1:1 460:1 000:1
|
<CANADA SOUTHERN PETROLEUM LTD> 2ND QTR LOSS
Period ended December 31, 1986
Shr loss one ct vs profit two cts
Net loss 52,922 vs profit 220,041
Revs 481,832 vs 824,554
Six mths
Shr loss one ct vs profit four cts
Net loss 104,129 vs profit 345,515
Revs 937,685 vs 1,460,000
|
training/834
|
training/834 |@title exxon:1 xon:1 cut:1 heating:1 oil:1 barge:1 price:1 |@word oil:3 trader:2 new:2 york:2 say:3 exxon:3 corp:1 u:1 unit:1 reduce:1 price:4 charge:1 contract:2 barge:2 customer:1 heat:2 harbor:1 0:1 75:1 cent:1 gallon:1 effective:1 today:1 reduction:1 bring:1 43:1 25:1 ct:1 decrease:1 follow:1 sharp:1 decline:1 spot:1 future:1 market:1
|
EXXON <XON> CUTS HEATING OIL BARGE PRICE
Oil traders in New York said Exxon
Corp's Exxon U.S.A. unit reduced the price it charges contract
barge customers for heating oil in New York harbor 0.75 cent a
gallon, effective today.
They said the reduction brings Exxon's contract barge price
to 43.25 cts. The price decrease follows sharp declines in
heating oil prices on spot and futures markets, traders said.
|
training/8340
|
training/8340 |@title hosposable:1 products:1 inc:1 hosp:1 4th:1 qtr:1 net:1 |@word shr:2 12:1 ct:4 vs:8 eight:1 net:2 102:1 002:1 59:1 396:1 sale:2 3:1 024:1 423:1 2:1 437:1 489:1 avg:2 shrs:2 1:3 032:2 000:2 746:1 004:1 year:1 64:1 45:1 570:1 491:1 340:1 852:1 11:1 mln:2 10:1 6:1 753:1 948:1
|
HOSPOSABLE PRODUCTS INC <HOSP> 4TH QTR NET
Shr 12 cts vs eight cts
Net 102,002 vs 59,396
Sales 3,024,423 vs 2,437,489
Avg shrs 1,032,000 vs 746,004
Year
Shr 64 cts vs 45 cts
Net 570,491 vs 340,852
Sales 11.1 mln vs 10.6 mln
Avg shrs 1,032,000 vs 753,948
|
training/8342
|
training/8342 |@title bangemann:1 deny:1 newspaper:1 interview:1 subsidy:1 |@word west:1 german:2 economics:2 minister:1 today:1 deny:2 give:2 newspaper:1 interview:3 quote:2 say:5 state:1 could:1 continue:2 pour:1 money:1 country:1 ail:1 steel:2 coal:2 industries:1 ministry:1 spokesman:1 dieter:1 vogel:2 statement:1 bangemann:4 contact:1 new:1 zealand:1 attend:1 general:1 agreement:1 trade:1 tariffs:1 gatt:1 ministerial:1 meeting:2 conservative:1 daily:1 die:2 welt:2 paper:1 subsidy:1 would:3 endanger:1 part:1 economy:1 make:1 uncompetitive:1 pledge:1 everything:1 possible:1 minimize:1 effect:1 reduced:1 production:1 workforce:1 region:1 concern:1 take:1 place:1 free:1 democratic:1 party:1 fdp:1 darmstadt:1 last:1 friday:1 add:1 tape:1 recording:1 comment:1 publish:1 tomorrow:1
|
BANGEMANN DENIES NEWSPAPER INTERVIEW ON SUBSIDIES
The West German Economics Minister today
denied giving a newspaper interview which quoted him as saying
the state could not continue to pour money into the country's
ailing steel and coal industries.
Economics Ministry spokesman Dieter Vogel said in a
statement Bangemann had contacted him from New Zealand, where
he is attending a General Agreement on Trade and Tariffs (GATT)
ministerial meeting, to deny giving the interview to the
conservative daily Die Welt. The paper quoted Bangemann as
saying that continued subsidies would endanger other parts of
the German economy by making them uncompetitive.
Vogel said Bangemann had pledged that everything possible
would be done to minimize the effects of reduced coal and steel
production on the workforces and regions concerned.
Die Welt said the interview with Bangemann had taken place
at a meeting of his Free Democratic Party (FDP) in Darmstadt
last Friday, adding that it had a tape recording of his
comments which it would publish tomorrow.
|
training/8343
|
training/8343 |@title fed:2 say:2 set:2 1:2 5:2 billion:2 dlrs:2 customer:2 repurchase:2 agreement:2 |@word
|
FED SAYS IT SETS 1.5 BILLION DLRS OF CUSTOMER REPURCHASE AGREEMENTS
FED SAYS IT SETS 1.5 BILLION DLRS OF CUSTOMER REPURCHASE AGREEMENTS
|
training/8344
|
training/8344 |@title fed:1 add:1 reserve:1 via:1 customer:1 repurchase:1 |@word federal:2 reserve:2 enter:1 u:1 government:1 security:1 market:1 arrange:1 1:1 5:1 billion:1 dlrs:1 customer:1 repurchase:1 agreement:1 fed:2 spokesman:1 say:2 dealer:1 fund:1 trade:1 6:1 3:1 16:1 pct:1 begin:1 temporary:1 indirect:1 supply:1 banking:1 system:1
|
FED ADDS RESERVES VIA CUSTOMER REPURCHASES
The Federal Reserve entered the U.S.
Government securities market to arrange 1.5 billion dlrs of
customer repurchase agreements, a Fed spokesman said.
Dealers said Federal funds were trading at 6-3/16 pct when
the Fed began its temporary and indirect supply of reserves to
the banking system.
|
training/8347
|
training/8347 |@title swedish:1 gnp:1 rise:1 less:1 expect:1 figure:1 show:1 |@word sweden:1 gross:1 national:1 product:1 rise:5 1:3 3:6 pct:11 last:2 year:2 2:5 1985:4 mainly:1 due:1 low:1 forecast:2 growth:2 export:2 sharp:1 fall:2 total:2 investment:2 central:1 bureau:1 statistics:1 report:1 private:1 consumption:1 4:1 1986:2 7:2 whereas:1 finance:3 ministry:3 expect:1 increase:1 6:2 0:2 predict:1 8:1
|
SWEDISH GNP ROSE LESS THAN EXPECTED, FIGURES SHOW
Sweden's Gross National Product rose
1.3 pct last year against 2.3 pct in 1985, mainly due to a
lower than forecast growth in exports and a sharp fall in total
investments, the Central Bureau of Statistics reported.
Private consumption rose 4.1 pct during 1986 against 2.7
pct in 1985 whereas the Finance Ministry had expected an
increase of only 3.6 pct. Total investments fell 0.7 pct
against a rise of 6.3 pct in 1985. The Finance Ministry had
forecast a rise of 0.3 pct in 1986.
Exports rose 2.1 pct last year against 2.3 pct in 1985, but
the Finance Ministry had predicted a growth of 2.8 pct.
|
training/8349
|
training/8349 |@title mcdonald:1 mcd:1 reaffirmed:1 recommendation:1 |@word mcdonald:1 corp:1 rise:2 sharply:1 today:2 receive:1 second:1 recommendation:4 many:1 session:1 trader:3 say:3 analyst:2 richard:1 simon:2 goldman:1 sachs:1 co:1 reaffirm:1 stock:4 put:1 focus:2 list:1 familiar:1 unavailable:1 comment:1 jump:1 2:1 3:2 4:2 79:1 7:1 8:2 friday:2 daniel:1 lee:1 drexel:1 burnham:1 lambert:1 inc:1 reiterate:1 increase:1 comparable:1 store:1 sale:1 consistent:1 annual:1 earning:1 growth:1 close:1 1:1 5:1 point:1 high:1 wendy:2 another:1 operator:1 fast:1 food:1 restaurant:1 one:1 12:1 active:1 trading:1 vague:1 rumor:1 takeover:1 candidate:1 continue:1 circulate:1 wall:1 street:1
|
MCDONALD'S <MCD> UP ON REAFFIRMED RECOMMENDATION
McDonald's Corp rose sharply today
after receiving a second recommendation in as many sessions,
traders said.
Today, analyst Richard Simon of Goldman Sachs and Co
reaffirmed his recommendation of the stock and put it on his
'focus list,' traders familiar with the recommendation said.
Simon was unavailable for comment.
The stock jumped 2-3/4 to 79-7/8.
On Friday, analyst Daniel Lee of Drexel Burnham Lambert Inc
reiterated a recommendation of the stock focusing on increased
comparable store sales and consistent annual earnings growth.
Friday, the stock closed 1-5/8 points higher.
Wendy's, another operator of fast food restaurants, rose
one to 12-3/4 in active trading. Vague rumors that Wendy's is a
takeover candidate continued to circulate Wall Street, traders
said.
|
training/835
|
training/835 |@title greece:1 say:1 right:1 aegean:1 oil:1 drilling:1 |@word greece:2 respond:1 warning:1 turkey:3 conduct:1 oil:1 activity:2 aegean:3 sea:1 say:6 today:3 right:2 decide:1 research:1 drilling:1 work:1 area:1 government:3 spokesman:1 greek:7 position:1 make:1 clear:1 ambassador:1 nazmi:1 akiman:2 meet:1 foreign:1 affairs:1 undersecretary:1 yannis:1 kapsis:1 last:1 week:1 act:1 turkish:2 prime:1 minister:1 kaya:1 erdem:1 earlier:1 northern:1 contravene:1 1976:2 berne:2 agreement:1 set:1 framework:1 talk:1 continental:2 shelf:2 dispute:1 ankara:1 athen:1 statement:2 prepared:1 give:1 even:1 trace:1 sovereignty:1 seabed:1 stress:1 mr:1 decision:1 drill:1 belong:1 exclusively:1 repeatedly:1 let:1 side:1 know:1 consider:1 protocol:1 inactive:1 fault:1 athens:1 ready:1 put:1 issue:1 international:1 court:1
|
GREECE SAYS IT HAS RIGHT ON AEGEAN OIL DRILLING
Greece, responding to a warning by Turkey
against conducting oil activities in the Aegean Sea, said today
it had the right to decide where and how to do research or
drilling work in the area.
A government spokesman said the Greek position was made
clear to Turkey's ambassador Nazmi Akiman when he met Greek
Foreign Affairs Undersecretary Yannis Kapsis last week.
Acting Turkish Prime Minister Kaya Erdem said earlier today
Greek activities in the northern Aegean contravened the 1976
Berne Agreement which set the framework for talks on the Aegean
continental shelf disputed between Ankara and Athens.
The Greek statement today said, 'Greece is not prepared to
give up even a trace of its sovereignty rights to the seabed.
It has been stressed to...Mr Akiman that the decision where or
how to drill belongs exclusively to the Greek government.'
'The Greek government has repeatedly let the Turkish side
know that it considers the 1976 Berne protocol as inactive
through the fault of Turkey,' it said.
The Greek statement said Athens was ready to put the
continental shelf issue before international courts.
|
training/8350
|
training/8350 |@title allied:1 products:1 corp:1 adp:1 year:1 net:1 |@word shr:1 3:3 36:1 dlrs:4 vs:4 33:1 net:2 16:1 173:1 000:2 10:1 603:1 sale:1 420:1 8:1 mln:5 276:1 1:1 avg:1 shrs:1 4:2 2:2 note:1 1985:1 include:1 tax:1 credit:1 6:1 9:1 19:1 share:1
|
ALLIED PRODUCTS CORP <ADP> YEAR NET
Shr 3.36 dlrs vs 3.33 dlrs
Net 16,173,000 vs 10,603,000
Sales 420.8 mln vs 276.1 mln
Avg shrs 4.4 mln vs 3.2 mln
NOTE: 1985 net includes tax credits of 6.9 mln dlrs or 2.19
dlrs a share.
|
training/8351
|
training/8351 |@title american:1 television:1 atcma:1 buy:1 time:1 tl:1 unit:1 |@word american:3 television:4 communications:1 corp:1 say:2 complete:1 acquisition:1 manhattan:1 cable:1 inc:2 time:3 9:1 400:1 000:1 class:1 b:1 common:1 share:1 spin:1 august:1 1986:1 company:1 follow:1 transaction:1 82:1 pct:1
|
AMERICAN TELEVISION <ATCMA> BUYS TIME <TL> UNIT
American Television and
Communications Corp said it has completed the acquisition of
Manhattan Cable Television Inc from Time Inc for about
9,400,000 Class B common shares.
American Television was spun off from Time in August 1986.
The company said following this transaction, Time now owns 82
pct of American Television.
|
training/8353
|
training/8353 |@title dwg:3 complete:1 sale:1 unit:1 |@word corp:3 say:2 complete:1 previously:1 announce:1 sale:1 texsun:2 subsidiary:2 sundor:1 brands:1 inc:1 27:1 5:1 mln:1 dlrs:1 assumption:1 liability:1 proceed:1 place:1 escrow:1 pende:1 outcome:1 talk:1 lender:1
|
DWG <DWG> COMPLETES SALE OF UNIT
DWG Corp said it has completed the
previously-announced sale of its Texsun Corp subsidiary to
Texsun Corp subsidiary to Sundor Brands Inc for 27.5 mln dlrs
and the assumption of liabilities.
It said proceeds have been placed in escrow pending the
outcome of talks with lenders.
|
training/8355
|
training/8355 |@title allied:1 asu:1 sell:1 michigan:1 unit:1 |@word allied:3 supermarkets:1 inc:3 say:2 enter:1 definitive:1 agreement:1 sell:2 michigan:1 operation:2 46:1 mln:1 dlrs:1 cash:1 debt:1 plus:1 assumption:1 substantially:1 liability:1 senior:1 subordinated:1 debenture:1 meadowdale:1 foods:1 corporation:1 form:1 member:1 exist:1 management:1 include:1 chairman:1 david:1 page:1 president:1 lon:1 makanoff:1 transaction:1 condition:1 pende:1 merger:1 vons:1 cos:1
|
ALLIED <ASU> SELLING MICHIGAN UNITS
Allied Supermarkets Inc said it entered
into a definitive agreement to sell its Michigan operations for
about 46 mln dlrs in cash and debt plus assumption of
substantially all of Allied's liabilities other than senior
subordinated debentures.
It said the operations will be sold to Meadowdale Foods
Inc, a corporation formed by members of its existing
management, including Chairman David Page and President Lon
Makanoff.
The transaction is conditioned on Allied's pending merger
with the Vons Cos Inc.
|
training/8359
|
training/8359 |@title klm:2 say:1 seek:1 air:1 atlanta:1 stake:1 |@word royal:1 dutch:3 airlines:1 klm:6 discuss:2 marketing:1 cooperation:1 u:1 regional:2 carrier:1 air:7 atlanta:9 inc:1 seek:1 take:2 stake:2 airline:2 spokesman:3 say:5 consider:1 either:1 majority:1 minority:1 think:1 provide:1 loan:2 tell:1 reuters:1 comment:1 wall:1 street:1 journal:1 report:2 debt:1 laden:1 could:2 sell:1 much:1 25:1 pct:1 stock:1 last:1 week:1 deny:1 press:1 takeover:1 route:1 network:2 centre:1 ga:1 serve:1 feeder:1 international:1 include:1 direct:1 flight:1 amsterdam:1 talk:2 time:1 decline:1 elaborate:1 give:1 detail:1
|
KLM SAYS IT IS NOT SEEKING AIR ATLANTA STAKE
KLM Royal Dutch Airlines <KLM.AS> is
discussing marketing cooperation with U.S. regional carrier Air
Atlanta Inc but it is not seeking to take a stake in the
airline, a KLM spokesman said.
'We're not considering taking either a majority or minority
stake in Air Atlanta, but we are thinking of providing them
with a loan,' the spokesman told Reuters in a comment on a Wall
Street Journal report saying debt-laden Air Atlanta could sell
as much as 25 pct of its stock to the Dutch airline.
KLM last week denied a Dutch press report saying it was
discussing a takeover of Air Atlanta.
The KLM spokesman said Air Atlanta's regional route
network, centred on Atlanta, Ga, could serve as a feeder to
KLM's international network, which includes direct flights
between Atlanta and Amsterdam.
KLM and Air Atlanta had been talking 'for some time,' he
said, but declined to elaborate further on the talks or give
details of the loan to Air Atlanta.
|
training/836
|
training/836 |@title leucadia:1 luk:1 7:1 2:1 pct:1 minstar:1 mnst:1 |@word leucadia:7 national:2 corp:1 say:4 two:1 subsidiary:2 acquire:2 7:2 2:1 pct:3 stake:3 minstar:5 inc:2 corporation:1 control:2 corporate:1 raider:1 irwin:1 jacobs:1 use:1 foray:1 stock:3 company:4 filing:1 securities:1 exchange:1 commission:1 lnc:1 investments:1 newark:1 del:1 investment:2 firm:1 charter:1 life:2 insurance:2 co:1 st:1 louis:1 joint:1 buy:3 combine:1 1:2 261:1 000:1 common:3 share:3 purpose:1 hold:1 11:1 0:1 cut:1 8:1 313:1 200:1 last:1 july:2 since:1 947:1 800:1 total:1 24:1 mln:1 dlrs:1 obtain:1 equity:1 position:1 intention:1 seek:1 nearly:1 half:1 tlc:1 associates:1 salt:1 lake:1 city:1 utah:1 general:1 partnership:1 whose:1 partner:1 include:1 chairman:1 president:1 investor:1
|
LEUCADIA <LUK> HAS 7.2 PCT OF MINSTAR <MNST>
Leucadia National Corp said two of
its subsidiaries have acquired a 7.2 pct stake in Minstar Inc,
a corporation controlled by corporate raider Irwin Jacobs and
used by him in his forays to acquire stock in companies.
In a filing with the Securities and Exchange Commission,
Leucadia said its LNC Investments Inc, a Newark, Del.,
investment firm, and Charter National Life Insurance Co, a St.
Louis joint stock life insurance company, bought their combined
1,261,000 Minstar common shares for investment purposes only.
The Leucadia subsidiaries had held an 11.0 pct stake in
Minstar, but cut to 1.8 pct, or 313,200 shares, last July.
Since July, Leucadia said its companies have bought 947,800
Minstar common shares for a total of 24.7 mln dlrs.
Leucadia said it bought the Minstar stake to obtain an
equity position in the company and has no intention of seeking
control of it.
Nearly half of Leucadia's common stock is owned by TLC
Associates, a Salt Lake City, Utah, general partnership, whose
partners include the chairman and president of Leucadia and
other investors.
|
training/8361
|
training/8361 |@title gencorp:1 sue:1 general:1 partners:1 |@word gencorp:3 inc:1 say:3 file:1 suit:1 unsolicited:1 100:1 dlr:1 share:1 tender:1 offer:3 wagner:1 brown:1 afg:1 industry:1 seek:1 injunction:1 violate:1 federal:1 security:1 law:1 margin:1 regulation:1 also:1 board:1 carefully:1 study:1 make:1 decision:1 whether:1 shareholder:1 accept:1 reject:1 march:1 31:1
|
GENCORP SUES GENERAL PARTNERS
Gencorp Inc said it filed suit
against the unsolicited 100 dlr-a-share tender offer of Wagner
and Brown and AFG INdustries.
Gencorp said it is seeking an injunction against the offer
because it is violates federal securities laws and margin
regulations.
Gencorp also said its board is carefully studying the offer
and will make a decision on whether or not shareholders should
accept or reject it by March 31.
|
training/8363
|
training/8363 |@title irish:1 industrial:1 production:1 index:1 6:1 2:1 pct:1 |@word ireland:1 industrial:1 production:1 index:2 stand:2 132:1 8:2 december:1 year:4 rise:2 6:1 2:1 pct:2 central:1 statistics:1 bureau:1 report:1 november:1 base:1 1980:1 144:1 show:1 4:1 3:1 basis:1
|
IRISH INDUSTRIAL PRODUCTION INDEX UP 6.2 PCT
Ireland's industrial production index
stood at 132.8 in December, a year-on-year rise of 6.2 pct, the
Central Statistics Bureau reported.
In November the index, base 1980, stood at 144.8, showing a
rise of 4.3 pct on a year-on-year basis.
|
training/8364
|
training/8364 |@title new:1 brunswick:1 scientific:1 co:1 inc:1 nbsc:1 4th:1 qtr:1 |@word shr:2 22:1 ct:4 vs:6 six:1 net:2 819:1 000:3 201:1 revs:2 9:1 3:1 mln:5 7:2 year:1 40:1 20:1 1:1 5:2 728:1 31:1 26:1 6:1
|
NEW BRUNSWICK SCIENTIFIC CO INC <NBSC> 4TH QTR
Shr 22 cts vs six cts
Net 819,000 vs 201,000
Revs 9.3 mln vs 7.7 mln
Year
Shr 40 cts vs 20 cts
Net 1.5 mln vs 728,000
Revs 31.5 mln vs 26.6 mln
|
training/8366
|
training/8366 |@title intelligent:1 business:1 ibcc:1 1st:1 qtr:1 jan:1 31:1 |@word shr:1 three:1 ct:1 vs:3 nil:1 net:1 328:1 112:1 6:1 374:1 revs:1 1:1 401:1 155:1 846:1 253:1 note:1 full:1 name:1 intelligent:1 business:1 communications:1 corp:1
|
INTELLIGENT BUSINESS <IBCC> 1ST QTR JAN 31
Shr three cts vs nil
Net 328,112 vs 6,374
Revs 1,401,155 vs 846,253
NOTE: Full name is Intelligent Business Communications Corp
|
training/8367
|
training/8367 |@title principal:1 neo:1 tech:1 sell:1 unit:1 |@word principal:2 neo:3 tech:3 inc:4 say:1 complete:1 sale:1 subsidiary:1 seismic:1 holdings:2 energy:2 denver:1 colo:1 part:1 price:1 receive:1 note:1 preferred:1 share:1 holding:1 however:1 term:1 disclose:1
|
PRINCIPAL NEO-TECH SELLS UNIT
<Principal Neo-Tech Inc> said it
completed the sale of its subsidiary, Neo-Tech Inc, to Seismic
Holdings Inc and Energy Holdings Inc, of Denver, Colo.
As part of the price, Principal Neo-Tech received notes and
preferred shares of Energy Holdings. However, terms were not
disclosed.
|
training/8368
|
training/8368 |@title charter:2 federal:2 jefferson:2 saving:2 agree:2 merge:2 |@word
|
CHARTER FEDERAL, JEFFERSON SAVINGS AGREE TO MERGE
CHARTER FEDERAL, JEFFERSON SAVINGS AGREE TO MERGE
|
training/837
|
training/837 |@title basix:1 corp:1 bas:1 4th:1 qtr:1 loss:1 |@word oper:6 shr:3 loss:5 eight:1 ct:5 vs:6 profit:4 20:1 net:2 768:1 000:5 1:4 962:1 revs:2 49:1 0:1 mln:7 43:1 6:3 12:3 mth:3 41:1 dlrs:5 96:1 13:1 9:1 305:1 175:1 3:1 140:1 7:2 note:1 exclude:1 discontinue:1 operation:1 4:1 676:1 48:1 share:2 year:3 ago:3 qtr:2 571:1 78:1 include:1 charge:1 cumulative:1 effect:1 repeal:1 investment:1 tax:1 credit:1 writedown:1 21:1 gas:1 oil:1 facility:1 datum:1 restate:1 reflect:1 two:1 pct:1 stock:1 dividend:1 december:1 1986:1
|
BASIX CORP <BAS> 4TH QTR LOSS
Oper shr loss eight cts vs profit 20 cts
Oper net loss 768,000 vs profit 1,962,000
Revs 49.0 mln vs 43.6 mln
12 mths
Oper shr loss 1.41 dlrs vs profit 96 cts
Oper net loss 13.6 mln vs profit 9,305,000
Revs 175.3 mln vs 140.7 mln
Note: Oper excludes loss from discontinued operations of
4,676,000 dlrs or 48 cts a share for year-ago qtr and 7,571,000
dlrs or 78 cts a share for year-ago 12 mths.
Oper includes charge of 1.1 mln dlrs for cumulative effect
of repeal of the investment tax credit for qtr and writedown of
21.6 mln dlrs on gas and oil facilities for 12 mths.
Year-ago shr data restated to reflect two pct stock
dividend of December 1986.
|
training/8370
|
training/8370 |@title phh:3 buy:1 two:1 design:1 firm:1 |@word group:1 inc:2 say:1 acquire:1 two:2 design:1 firm:2 undisclosed:1 term:1 1986:1 neville:1 lewis:1 associates:2 new:1 york:1 walker:1 l:1 produce:1 15:1 6:1 mln:1 dlrs:1 total:1 fee:1
|
PHH <PHH> BUYS TWO DESIGN FIRMS
PHH Group Inc said it acquired
two design firms for undisclosed terms.
In 1986, the two firms, Neville Lewis Associates of New
York and Walker Associates Inc of L.A., produced 15.6 mln dlrs
in total fees.
|
training/8373
|
training/8373 |@title charter:1 federal:1 chfd:1 jefferson:1 merge:1 |@word charter:5 federal:2 savings:2 loan:3 association:3 bristol:2 va:2 say:3 agree:1 acquire:1 jefferson:4 warrenton:1 term:1 transaction:2 would:1 result:2 1:2 3:2 billion:1 dlr:1 thrift:1 institution:1 stockholder:1 get:1 30:3 50:1 dlrs:6 per:1 share:2 half:2 cash:1 operate:1 name:1 base:1 value:1 16:1 mln:5 spokesman:1 merger:1 subject:1 approval:1 home:1 bank:1 board:1 report:2 5:1 loss:1 asset:2 360:1 year:2 end:2 september:1 1986:1 june:1 net:1 income:1 7:1 9:1 total:1 844:1 0:1 december:1 31:1
|
CHARTER FEDERAL <CHFD>, JEFFERSON TO MERGE
Charter Federal Savings and Loan
Association of Bristol, Va., said it has agreed to acquire
Jefferson Savings and Loan Association of Warrenton, Va.
Under terms of the transaction, which would result in a 1.3
billion dlr thrift institution, stockholders of Jefferson will
get 30.50 dlrs per share, half in cash and half in shares of
Charter.
The resulting association will operate under the name of
Charter and will be based in Bristol.
The transaction is valued at about 16.3 mln dlrs, a
Jefferson spokesman said.
Charter said the merger is subject to approval of the
Federal Home Loan Bank Board.
Jefferson reported a 1.5 mln dlrs loss and assets of 360
mln dlrs for the year ended September 30, 1986.
For the year ended June 30, Charter reported net income of
7.9 mln dlrs. Assets totaled about 844.0 mln dlrs as of
December 31.
|
training/8374
|
training/8374 |@title trade:1 propose:1 new:1 ec:1 grain:1 intervention:1 rule:1 |@word european:1 community:1 ec:3 cereal:1 trade:1 lobby:1 organisation:1 coceral:2 say:1 write:1 farm:1 commissioner:1 fran:1 andriessen:1 propose:2 new:1 system:1 sale:1 intervention:4 claim:1 could:2 save:1 budget:1 money:1 application:1 make:1 certificate:2 valid:1 execution:1 three:2 month:2 later:1 trader:1 find:1 market:1 elsewhere:1 buy:1 back:1 payment:1 one:1 pct:1 premium:1 argue:1 would:2 restore:1 original:1 function:1 safety:1 net:1 end:1 present:1 situation:1 produce:1 often:1 sell:1 precaution:1
|
TRADE PROPOSES NEW EC GRAIN INTERVENTION RULES
The European Community (EC) cereals
trade lobby organisation Coceral said it has written to EC Farm
Commissioner Frans Andriessen to propose a new system for sales
into intervention, which it claims could save the EC budget
money.
It proposes that applications for intervention be made
through a certificate valid for execution three months later.
If during the three months the trader found a market elsewhere,
he could buy back the certificate on payment of a one pct
premium.
Coceral argues that this would restore the original
function of intervention as a safety net and would end the
present situation in which produce is often sold into
intervention as a precaution.
|
training/8378
|
training/8378 |@title lowe:1 cos:1 inc:1 low:1 qtly:1 div:1 |@word qtly:1 div:1 10:3 ct:2 vs:1 prior:1 payable:1 april:2 30:1 record:1
|
LOWE'S COS INC <LOW> QTLY DIV
Qtly div 10 cts vs 10 cts prior
Payable April 30
Record April 10
|
training/8387
|
training/8387 |@title coca:2 cola:2 spokesman:2 say:2 rumors:2 coke:2 seek:2 takeover:2 wendy:2 correct:2 |@word
|
COCA COLA SPOKESMAN SAID RUMORS COKE SEEKING TAKEOVER OF WENDY'S ARE NOT CORRECT
COCA COLA SPOKESMAN SAID RUMORS COKE SEEKING TAKEOVER OF WENDY'S ARE NOT CORRECT
|
training/8388
|
training/8388 |@title computer:1 devices:1 inc:1 4th:1 qtr:1 |@word shr:2 loss:3 one:2 cnt:2 vs:6 profit:6 net:2 35:2 000:8 42:1 revs:2 881:1 1:1 3:1 mln:3 year:3 seven:1 ct:2 nine:1 291:1 366:1 4:2 5:1 9:1 note:1 1985:1 4th:1 qtr:1 include:2 gain:2 7:1 dlrs:3 147:1 respectivley:1 1986:1 tax:1 carryforward:1
|
COMPUTER DEVICES INC 4TH QTR
Shr loss one cnt vs profit one cnt
Net loss 35,000 vs profit 42,000
Revs 881,000 vs 1.3 mln
Year
Shr profit seven cts vs profit nine cts
Net profit 291,000 vs profit 366,000
Revs 4.4 mln vs 5.9 mln
NOTE:1985 4th qtr and year includes gain of 7,000 dlrs and
147,000 dlrs respectivley. 1986 year includes gain of 35,000
dlrs from tax loss carryforwards.
|
training/839
|
training/839 |@title australian:1 january:1 annual:1 broad:1 money:1 10:1 3:1 pct:1 |@word australia:1 broad:4 money:4 supply:1 rise:4 10:2 3:1 pct:8 year:2 end:2 january:10 revise:2 9:3 6:1 december:6 reserve:1 bank:2 say:1 compare:3 previous:4 13:1 growth:2 slow:1 0:4 7:1 1:2 5:2 nil:1 1986:2 within:1 total:1 non:1 financial:1 intermediary:1 2:2 revised:1 decline:1 8:2 increase:1 nbfi:1 borrowing:2 12:1 stand:1 175:1 866:1 mln:6 dlrs:4 174:1 668:1 level:1 159:1 453:1 period:1 private:1 sector:1 nbfis:1 70:2 389:1 237:1 64:1 299:1
|
AUSTRALIAN JANUARY ANNUAL BROAD MONEY UP 10.3 PCT
Australia's broad money supply rose 10.3
pct in the year ended January, up from a revised 9.6 pct in
December, the Reserve Bank said.
This compares with the previous January's 13.9 pct.
In January broad money growth slowed to 0.7 pct from
December's 1.5 pct and compared with nil growth in January
1986.
Within the broad money total, non-bank financial
intermediaries rose by 0.2 pct from a revised decline of 0.2
in December and a previous January's 0.8 pct increase.
In the January year, NBFI's borrowings rose by 9.5 pct from
a revised 10.1 in December and compared with a previous
January's 12.8.
At the end of January, broad money stood at 175,866 mln
dlrs dlrs from December's 174,668 mln dlrs and a January 1986
level of 159,453 mln.
In the same period, borrowings from the private sector by
the NBFIs rose to 70,389 mln dlrs from December's 70,237 mln
and the previous January's 64,299 mln.
|
training/8391
|
training/8391 |@title ducommon:1 inc:1 dco:1 4th:1 qtr:1 loss:1 |@word oper:4 shr:2 loss:10 5:2 60:1 dlrs:7 vs:6 1:1 10:1 net:2 18:1 688:1 000:6 3:3 662:1 sale:3 107:1 mln:6 108:1 7:1 year:2 76:1 98:1 ct:1 19:1 213:1 263:1 455:1 2:1 417:1 0:1 note:1 prior:1 qtr:1 figure:1 exclude:1 discontinue:1 operation:2 279:1 555:1 respectively:1 respective:1 discontinued:1 14:1 6:1 15:1 9:1
|
DUCOMMON INC <DCO> 4TH QTR LOSS
Oper shr loss 5.60 dlrs vs loss 1.10 dlrs
Oper net loss 18,688,000 vs loss 3,662,000
Sales 107.3 mln vs 108.7 mln
Year
Oper shr loss 5.76 dlrs vs loss 98 cts
Oper net loss 19,213,000 vs loss 3,263,000
Sales 455.2 mln vs 417.0 mln
Note: Prior qtr and year figures exclude losses from
discontinued operations of 279,000 dlrs and 555,000 dlrs,
respectively and respective losses on sale of discontinued
operations of 14.6 mln dlrs and 15.9 mln dlrs.
|
training/8394
|
training/8394 |@title mem:2 com:1 inc:1 4th:1 qtr:1 net:1 |@word oper:4 shr:2 93:1 ct:3 vs:6 32:1 net:2 2:2 443:1 810:1 847:1 609:1 revs:2 30:1 3:2 mln:4 21:1 0:1 12:1 mth:1 1:1 16:1 dlrs:4 85:1 066:1 407:1 250:1 781:1 70:1 9:1 61:1 8:1 note:1 qtr:1 1985:1 exclude:2 gain:2 96:1 327:1 discontinue:1 operation:2 lebanon:2 packaging:1 year:2 1986:1 prior:1 loss:1 62:1 216:1 281:1 367:1 respectively:1 discontinued:1 sale:1
|
MEM COM INC <MEM> 4TH QTR NET
Oper shr 93 cts vs 32 cts
Oper net 2,443,810 vs 847,609
Revs 30.3 mln vs 21.0 mln
12 mths
Oper shr 1.16 dlrs vs 85 cts
Oper net 3,066,407 vs 2,250,781
Revs 70.9 mln vs 61.8 mln
NOTE: qtr 1985 excludes gain 96,327 dlrs for discontinued
operations of Lebanon Packaging.
Year 1986 and year prior excludes loss 62,216 dlrs, and
gain 281,367 dlrs, respectively, for discontinued operations on
Lebanon sale.
|
training/8396
|
training/8396 |@title coca:1 cola:1 ko:1 say:1 rumor:1 incorrect:1 |@word coca:2 cola:2 co:2 spokesman:1 say:2 rumor:3 company:1 interested:1 acquire:1 wendy:3 international:1 wen:1 true:1 correct:1 carlton:1 curtis:1 assistant:1 vice:1 president:1 coke:1 state:1 many:1 time:1 interest:1 acquisition:1 food:2 service:2 industry:1 thereby:1 become:1 competitor:1 customer:1 stock:1 fly:1 high:2 two:1 day:1 today:1 hit:1 13:1 3:2 8:3 drop:1 back:1 12:1 5:1 heavy:1 trading:1
|
COCA COLA <KO> SAYS RUMORS INCORRECT
A Coca Cola Co spokesman said rumors
the company is interested in acquiring Wendy's International
<WEN> are not true.
'Those rumors are not correct,' said Carlton Curtis, an
assistant vice president at Coke. 'We have stated many times
that Coca Cola Co has no interest in an acquisition in the food
service industry and thereby becoming a competitor to our food
service customers.'
Wendy's stock has been flying high on the rumors for two
days. Today, Wendy's hit a high of 13-3/8 before dropping back
to 12-3/8, up 5/8 in heavy trading.
|
training/8399
|
training/8399 |@title sweet:1 victory:1 inc:1 svic:1 year:1 |@word shr:1 loss:4 1:2 16:1 dlrs:3 vs:3 61:1 ct:1 net:1 3:2 5:1 mln:2 revs:1 943:1 938:1 480:1 333:1
|
SWEET VICTORY INC <SVIC> YEAR
Shr loss 1.16 dlrs vs loss 61 cts
Net loss 3.5 mln vs loss 1.3 mln
Revs 943,938 dlrs vs 480,333 dlrs
|
training/840
|
training/840 |@title microbio:1 mrc:1 plan:1 acquisition:1 financing:1 |@word microbiological:2 research:1 corp:2 say:4 enter:1 letter:1 intent:1 propose:1 business:1 combination:1 privately:1 datagene:2 scientific:1 laboratories:1 inc:1 milex:2 newly:1 form:1 company:4 stock:1 swap:1 also:2 receive:1 100:2 000:3 dlrs:3 sale:1 convertible:1 note:1 ventana:3 growth:1 fund:2 part:1 overall:1 1:1 equity:1 financing:1 plan:2 minimum:1 400:1 maximum:2 one:1 mln:1 additional:2 new:2 capital:2 provide:1 combine:3 operation:1 three:1 raise:1 49:1 pct:4 4:1 550:1 00:1 share:1 common:1 outstanding:1 holder:1 29:1 13:1 remain:1 nine:1 hold:1 shareholder:1 norman:1 monson:1 become:1 chief:1 executive:1 officer:1
|
MICROBIO <MRC> PLANS ACQUISITION, FINANCING
Microbiological Research Corp
said it entered into a letter of intent for a proposed business
combination with privately owned <DataGene Scientific
Laboratories Inc>, and <Milex Corp> a newly formed company,
through a stock swap.
It also said it received 100,000 dlrs from the sale of a
convertible note to Ventana Growth Fund as part of an overall
1,100,000 equity financing plan with Ventana. Under that plan,
a minimum of 400,000 dlrs and a maximum of one mln dlrs of
additional new capital is to be provided to fund the combined
operations of the three companies.
Microbiological also said that if the maximum additional
capital is raised, it will own about 49 pct of 4,550,00 shares
of common outstanding in the new combined company, DataGene
holders will own 29 pct, and Ventana and others will own 13
pct.
It said the remaining nine pct will be held by Milex
shareholder Norman Monson, who will become chief executive
officer of the combined companies.
|
training/8400
|
training/8400 |@title portuguese:1 grain:1 agency:1 ban:1 oppose:1 minister:1 |@word portugal:3 agriculture:1 minister:1 alvaro:1 barreto:5 say:5 disagree:1 court:4 order:2 bar:1 state:3 grain:4 buy:1 agency:2 epac:11 take:3 part:3 cereal:1 import:6 tender:8 open:1 private:4 trader:2 tell:1 reporter:1 aim:1 readmitte:1 term:1 january:1 1986:1 accession:2 european:1 community:1 ec:3 monopoly:2 hold:1 empresa:1 publica:1 de:2 abastecimento:1 cereais:1 reduce:1 20:1 pct:1 annually:1 liberalise:1 1990:1 follow:1 legal:1 proceeding:1 importer:1 lisbon:2 civil:1 decide:1 preliminary:1 ruling:3 earlier:1 month:1 allow:1 liberalised:1 share:1 annual:1 result:1 rule:1 exclude:2 march:1 12:1 80:1 000:1 tonne:1 maize:1 objective:1 put:1 right:1 add:1 government:2 would:1 study:1 see:1 whether:2 could:1 stop:1 participate:1 future:1 reason:2 operator:1 public:2 argue:1 give:1 dominant:1 position:1 portuguese:1 market:1 unfair:2 advantage:1 make:1 martyr:1 system:1 executive:1 commission:1 accept:1 view:1 eligible:1 participation:1 competition:1 violate:1 clause:1 treaty:1 deal:1 gradual:1 dismantling:1
|
PORTUGUESE GRAIN AGENCY BAN OPPOSED BY MINISTER
Portugal's Agriculture Minister Alvaro
Barreto said he disagreed with a court order barring the state
grain buying agency EPAC from taking part in cereals import
tenders open to private traders.
Barreto told reporters his aim was to have EPAC readmitted
to the tenders.
Under the terms of Portugal's January 1986 accession to the
European Community (EC), a grain import monopoly held by EPAC
(Empresa Publica de Abastecimento de Cereais) is being reduced
by 20 pct annually until all imports are liberalised in 1990.
Following legal proceedings by private importers, Lisbon's
civil court decided in a preliminary ruling earlier this month
that EPAC should not be allowed to take part, as it had done,
in tenders for the liberalised share of annual grain imports.
As a result of this ruling, EPAC was excluded from a March
12 tender for the import of 80,000 tonnes of maize.
Barreto said, 'My objective is put EPAC into the tenders
because it has a right to take part.' He added the government
would be studying the court order to see whether or not the
ruling could stop EPAC from participating in future tenders.
Barreto said there was no reason to exclude any operator,
whether public or private, from the tenders. Private traders
had argued that EPAC, given its dominant position in the
Portuguese grain market, had an unfair advantage over them.
'There is no reason to make EPAC a martyr of the system,'
Barreto said. He said the EC's executive commission had
accepted the government's view that EPAC should be eligible.
The Lisbon court ruling stated that EPAC's participation in
the public tenders was unfair competition and violated the
clauses of Portugal's EC accession treaty dealing with the
gradual dismantling of the state agency's import monopoly.
|
training/8401
|
training/8401 |@title standard:1 federal:1 sfb:1 offer:1 zero:1 point:1 loan:1 |@word standard:2 federal:1 bank:1 say:2 introduce:1 zero:1 point:1 fix:1 rate:1 mortgage:3 loan:2 program:1 offer:1 borrower:1 home:1 financing:1 discount:1 fee:5 charge:2 include:1 application:1 commitment:1 pocket:1 expense:1 title:1 work:1 survey:1 record:1 private:1 insurance:1
|
STANDARD FEDERAL <SFB> OFFERS ZERO-POINT LOAN
Standard Federal Bank said it
introduced a zero-point fixed rate mortgage loan.
The loan program offers borrowers home mortgage financing
with no discount fees charged.
Standard said that fees charged will include an application
fee, commitment fee and out-of-pocket expenses such as title
work, survey, recording fees and private mortgage insurance.
|
training/8402
|
training/8402 |@title iraq:2 oil:2 minister:2 qassem:2 ahmed:2 taqi:2 replace:2 iraqi:2 news:2 agency:2 report:2 |@word
|
IRAQ OIL MINISTER QASSEM AHMED TAQI REPLACED, IRAQI NEWS AGENCY REPORTS
IRAQ OIL MINISTER QASSEM AHMED TAQI REPLACED, IRAQI NEWS AGENCY REPORTS
|
training/8405
|
training/8405 |@title iraqi:1 oil:1 minister:1 replace:1 official:1 |@word iraq:1 oil:4 minister:6 qassem:1 ahmed:1 taqi:1 move:1 heavy:2 industries:2 ministry:4 official:1 iraqi:2 news:2 agcny:1 ina:2 say:3 tonight:1 quote:1 presidential:3 decree:2 appoint:2 undersecretary:1 isam:1 abdul:1 rahim:2 al:5 chalaby:2 new:1 industry:2 communication:1 transport:2 relieve:3 post:4 agency:1 immediate:1 explanation:1 give:1 change:1 head:1 national:1 company:1 sign:1 president:1 saddam:1 hussein:1 subhi:1 yassin:1 khadeir:1 adviser:2 formerly:1 know:1 mineral:1 resource:1 communications:1 abdel:2 jabbar:1 asadi:1 also:2 replace:1 member:1 rule:1 baath:1 party:1 regional:1 command:1 mohammed:1 hamza:1 zubeidi:1 zubedei:1 three:1 involve:1 reshuffle:1 spend:1 four:1 year:1
|
IRAQI OIL MINISTER REPLACED - OFFICIAL
Iraq's Oil Minister Qassem Ahmed Taqi
has been moved to the Heavy Industries ministry, the official
Iraqi news agcny INA said tonight.
It quoted a Presidential decree appointing Oil Ministry
undersecretary Isam Abdul-Rahim Al-Chalaby as the new Oil
Minister.
The Ministers of Industry and Communication and Transport
had both been relieved of their posts, the news agency said.
No immediate explanation was given for the changes.
Al-Chalaby is the head of the Iraqi National Oil Company.
INA said the decree, signed by President Saddam Hussein,
relieved the Minister of Heavy Industries, Subhi Yassin Khadeir
of his post and appointed him a Presidential adviser.
His ministry was formerly known as the Industry and Mineral
Resources Ministry. The Minister of Communications and
Transport, Abdel-Jabbar Abdel-Rahim al-Asadi was also relieved
of his post and replaced by a member of the ruling Baath party
regional command, Mohammed Hamza al-Zubeidi. Al-Zubedei is also
a Presidential adviser. All three ministers involved in the
reshuffle had spent more than four years in their posts.
|
training/8406
|
training/8406 |@title allegheny:1 ai:1 sue:1 propose:1 buyout:1 |@word allegheny:4 international:1 inc:2 say:5 first:2 boston:2 fbc:1 sunter:3 holdings:1 corp:1 subsidiary:1 name:2 defendant:2 class:2 action:3 file:1 court:2 common:1 plea:1 county:1 pa:1 seek:1 injunction:1 propose:1 merger:1 company:2 board:1 former:1 director:1 also:1 intend:1 vigorously:1 oppose:1 suit:3 allege:1 price:1 pay:1 transaction:1 grossly:1 unfair:1 allegation:1 similar:1 contain:1 early:1 federal:1
|
ALLEGHENY <AI> SUED OVER PROPOSED BUYOUT
Allegheny International Inc said it
and First Boston Inc's <FBC> Sunter Holdings Corp subsidiary
have been named as defendants in a class action filed in the
Court of Common Pleas for Allegheny County, Pa., which seeks an
injunction against Allegheny's proposed merger into Sunter.
The company said its board and some former directors and
First Boston were also named as defendants.
It said it and Sunter intend to vigorously oppose the
action.
Allegheny said the class action suit alleges the price to
be paid in the transaction is grossly unfair. The company said
the suit's allegations are similar to those contained in an
earlier federal court suit.
|
training/8407
|
training/8407 |@title astrocom:1 corp:1 acom:1 4th:1 qtr:1 net:1 |@word shr:2 one:1 ct:4 vs:7 five:1 net:2 19:1 174:1 118:1 671:1 revs:2 3:1 127:1 162:1 2:3 936:1 330:1 year:1 eight:1 30:1 198:1 290:1 712:1 087:1 12:1 4:1 mln:2 11:1 6:1 avg:1 shrs:1 603:1 588:1 376:1 604:1
|
ASTROCOM CORP <ACOM> 4TH QTR NET
Shr one ct vs five cts
Net 19,174 vs 118,671
Revs 3,127,162 vs 2,936,330
Year
Shr eight cts vs 30 cts
Net 198,290 vs 712,087
Revs 12.4 mln vs 11.6 mln
Avg shrs 2,603,588 vs 2,376,604
|
training/8409
|
training/8409 |@title juno:2 lighting:1 inc:1 1st:1 qtr:1 feb:1 28:1 net:1 |@word shr:1 43:1 ct:2 vs:3 32:1 net:1 1:2 991:1 000:3 485:1 sale:1 11:1 7:1 mln:1 9:1 479:1
|
JUNO LIGHTING INC <JUNO> 1ST QTR FEB 28 NET
Shr 43 cts vs 32 cts
Net 1,991,000 vs 1,485,000
Sales 11.7 mln vs 9,479,000
|
training/8413
|
training/8413 |@title u:1 farm:1 policy:1 debate:1 could:1 hit:1 senate:1 soon:1 |@word senate:3 week:1 may:1 take:1 propose:1 legislation:1 could:3 serve:1 lightning:1 rod:1 expose:2 broad:1 initiative:1 change:2 u:2 farm:4 policy:2 consider:1 house:1 pass:1 bill:6 would:3 allow:1 wheat:2 feedgrain:2 farmer:1 receive:1 least:2 92:2 pct:3 income:1 support:2 payment:2 flood:1 last:1 year:1 prevent:2 plant:2 1987:2 crop:1 staff:1 member:1 tell:2 reuters:2 also:2 pende:1 extend:1 life:1 national:1 commission:1 dairy:1 sen:2 rudy:1 boschwitz:1 r:1 minn:1 intend:2 offer:2 amendment:2 one:1 suspend:1 minimum:1 planting:1 requirement:1 cotton:1 rice:1 producer:2 aide:1 say:2 current:1 law:1 must:1 50:1 base:1 acreage:2 eligible:1 deficiency:1 major:1 group:2 lobby:1 hard:1 make:1 fundamental:1 1985:1 fear:2 full:1 scale:1 debate:1 agricultural:1 problem:1 budget:1 cutting:1 pressure:1 representative:1 effort:1 midwestern:1 democrats:1 force:1 floor:2 vote:1 require:1 large:1 set:1 aside:1 return:1 sharply:1 high:1 price:1 however:1 tom:1 harkin:1 iowa:1 sponsor:1 measure:1 bring:1 committee:1
|
U.S. FARM POLICY DEBATE COULD HIT SENATE SOON
The Senate this week might take up
proposed legislation that could serve as a lightning rod to
expose broad initiatives to change U.S. farm policy.
The Senate could consider a House-passed bill that would
allow wheat and feedgrains farmers to receive at least 92 pct
of their income support payments if flooding last year
prevented, or will prevent, them from planting their 1987
crops, Senate staff members told Reuters.
Also pending is a bill extend the life of the National
Commission on Dairy Policy.
Sen. Rudy Boschwitz, R-Minn., intends to offer an amendment
to one of the bills that would suspend the minimum planting
requirement for all 1987 wheat, feedgrain, cotton and rice
producers, an aide said.
Under current law, producers must plant at least 50 pct of
their base acreage to be eligible for 92 pct of their
deficiency payments.
Most major U.S. farm groups have lobbied hard against
making any fundamental changes in the 1985 farm bill out of
fear a full-scale debate could expose agricultural problems to
budget-cutting pressures.
Representatives of these farm groups have said they also
fear efforts by Midwestern Democrats to force a floor vote on a
bill that would require large acreage set-asides in return for
sharply higher support prices.
However, Sen. Tom Harkin, D-Iowa, sponsor of the bill, told
Reuters he did not intend to offer his measure as a floor
amendment but to bring it through the committee.
|
training/8415
|
training/8415 |@title tin:1 pact:1 special:1 session:1 week:1 routine:1 |@word special:1 session:2 international:1 tin:1 council:2 itc:2 hold:1 tomorrow:1 march:1 24:1 give:1 member:1 country:1 update:1 late:1 debate:1 hundred:1 million:1 sterling:1 lose:1 buffer:1 stock:1 price:1 support:1 scheme:1 fail:1 october:1 1985:1 delegate:2 say:2 quarterly:1 schedule:1 april:1 8:1 9:1 important:1 want:1 decide:1 whether:1 current:1 pact:1 extend:1 beyond:1 june:1 30:1 allow:1 expire:1 two:1 year:1 extension:1 possible:1
|
TIN PACT SPECIAL SESSION THIS WEEK ROUTINE
A further special session of the
International Tin Council, ITC, held here tomorrow, March 24,
will give member countries an update on the latest debate over
the hundreds of millions of sterling lost when its buffer stock
price support scheme failed in October 1985, delegates said.
But the ITC quarterly session scheduled for April 8-9 will
be important, as the council will by then be wanting to decide
on whether the current pact should be extended beyond June 30
or just allowed to expire, delegates said. A two year extension
is possible.
|
training/8416
|
training/8416 |@title tin:1 council:1 wind:1 verdict:1 appeal:1 |@word amalgamated:1 metal:3 trading:1 amt:8 today:1 lodge:2 appeal:6 ruling:1 prevent:1 petition:4 wind:2 international:1 tin:4 council:4 itc:8 verdict:2 give:2 mr:1 justice:1 millett:1 january:1 22:1 lead:1 effort:1 creditor:4 recover:1 sum:1 claim:1 bank:1 london:1 exchange:1 broker:3 result:1 collapse:1 buffer:1 stock:1 operation:1 october:1 1985:1 march:2 26:1 ground:1 judge:2 err:1 three:2 point:2 michael:1 arnold:3 head:1 group:1 tinco:1 realisation:1 tell:1 reuters:1 rule:2 u:2 k:2 court:3 jurisdiction:1 association:2 within:2 meaning:1 company:1 act:2 winding:4 proceeding:1 respect:1 arbitration:3 award:2 contest:1 companies:1 allow:1 possibility:1 define:1 argue:1 fall:1 definition:1 say:3 immunity:1 except:1 enforcement:2 thus:1 important:1 accept:1 represent:1 move:2 enforce:1 originally:1 decide:1 go:1 wide:1 debt:1 spokesman:1 unlikely:1 hear:4 several:1 month:1 case:3 bring:3 fellow:1 maclaine:2 watson:2 april:1 28:1 receiver:1 appoint:1 asset:1 since:1 similar:1 argument:1 use:1 possible:1 could:1 consolidate:1 direct:1 action:2 member:1 state:1 application:1 government:1 strike:1 first:1 j:1 h:1 rayner:1 mince:1 lane:1 ltd:1 may:1 11:1 shearson:1 lehman:1 brothers:1 lme:1 ring:1 1986:1 also:1 schedule:1 near:1 future:1 hearing:1 date:1 put:1 back:1 slightly:1 june:1 8:1
|
TIN COUNCIL WINDING-UP VERDICT APPEALED
Amalgamated Metal Trading, AMT, today
lodged an appeal against the ruling which prevented its
petition to wind up the International Tin Council, ITC.
The verdict was given by Mr Justice Millett on January 22,
when AMT led an effort by ITC creditors to recover sums claimed
by banks and London Metal Exchange brokers as a result of the
collapse of the ITC's buffer stock operations in October 1985.
AMT had until March 26 to lodge its appeal.
The grounds for the appeal are that the judge erred on
three points when giving his verdict, Michael Arnold, head of
the broker creditors group Tinco Realisations, told Reuters.
The judge ruled that the U.K. Court had no jurisdiction to
wind up the Tin Council, that the ITC was not an association
within the meaning of the Companies Act, and that the
winding-up petition was not a proceeding in respect of an
arbitration award. AMT will contest all three points.
The U.K. Companies Act allows the possibility of the
winding-up of what it defines as an association, and AMT will
argue that the Tin Council falls within this definition, Arnold
said.
The ITC has immunity except for the enforcement of an
arbitration award, and thus it is important for AMT that the
court accepts that the winding-up petition represents a move to
enforce an arbitration ruling.
The court originally decided that the winding-up petition
went wider than the enforcement of such a debt, an AMT
spokesman said.
The appeal is unlikely to be heard for several months, but
a case brought by fellow ITC creditor Maclaine Watson is to be
heard on April 28. This is a move by the metal broker to have a
receiver appointed over the ITC's assets.
Since similar arguments will be used in this case, it is
possible that any appeal in the Maclaine Watson case could be
consolidated with AMT's appeal, Arnold said.
Other ITC creditors have brought direct actions against the
Council's member states and an application by the governments
to strike out the first of these, brought by J.H. Rayner
(Mincing Lane) Ltd, is to be heard on May 11.
Shearson Lehman Brothers action against the LME's tin
'ring-out' in March 1986 is also scheduled to be heard in the
near future. The hearing date has now been put back slightly to
June 8.
|
training/842
|
training/842 |@title ico:1 council:1 end:1 failure:1 agree:1 quota:1 |@word special:1 meeting:2 international:2 coffee:5 organization:1 ico:2 council:1 fail:1 agree:1 set:1 export:2 quotas:1 delegate:3 say:2 producer:1 consumer:1 could:2 find:1 common:1 ground:1 issue:1 quota:2 distribution:1 eight:1 day:1 arduous:1 often:1 heat:1 talk:1 major:1 device:1 agreement:1 stabilise:1 price:3 suspend:1 year:2 ago:1 soar:1 reaction:1 drought:1 brazil:1 cut:1 output:1 two:1 third:1 industry:1 representative:1 predict:1 plummet:1 100:1 stg:1 tonne:1 new:1 four:1 low:1 tomorrow:1 response:1 result:1
|
ICO COUNCIL ENDS IN FAILURE TO AGREE QUOTAS
A special meeting of the International
Coffee Organization (ICO) council failed to agree on how to set
coffee export quotas, ICO delegates said.
Producers and consumers could not find common ground on the
issue of quota distribution in eight days of arduous, often
heated talks, delegates said.
Export quotas -- the major device of the International
Coffee Agreement to stabilise prices -- were suspended a year
ago after coffee prices soared in reaction to a drought in
Brazil which cut its output by two thirds.
Delegates and industry representatives predicted coffee
prices could plummet more than 100 stg a tonne to new four year
lows tomorrow in response to the results of the meeting.
|
training/8421
|
training/8421 |@title u:1 prepare:1 escort:1 kuwaiti:1 tanker:1 |@word united:3 states:3 offer:2 navy:3 warship:2 escort:1 kuwaiti:2 oil:6 tanker:3 gulf:9 could:2 threaten:3 new:2 iranian:3 anti:3 ship:8 missile:6 u:6 defense:3 official:6 say:12 today:3 believe:1 kuwaitis:1 also:1 approach:1 soviet:2 union:1 possibility:1 use:1 one:2 tell:3 reuters:1 superpower:1 protection:2 would:4 rather:1 come:1 ask:2 identify:1 kuwait:2 possible:1 dozen:2 vessel:2 supply:1 three:1 guide:2 destroyer:1 two:1 frigate:1 southern:1 part:1 give:1 help:1 wait:1 hear:1 response:2 addition:1 half:1 small:1 mideast:1 task:1 force:1 near:2 strait:2 hormuz:2 pentagon:1 move:1 18:1 include:1 aircraft:1 carrier:1 kitty:1 hawk:1 northern:1 indian:1 ocean:1 past:1 month:1 white:2 house:2 massing:1 fleet:1 routine:2 nothing:1 iran:7 iraq:2 war:1 recent:1 stationing:1 chinese:1 make:1 mouth:1 land:1 base:1 increase:1 concern:2 middle:1 east:1 country:1 shipment:2 may:1 affect:1 several:1 hundred:1 confirm:1 hit:1 since:1 early:1 1984:1 spokesman:2 marlin:1 fitzwater:1 reporter:1 strategic:1 interest:2 keep:4 free:1 flow:1 region:4 maneuver:1 secretary:1 caspar:1 weinberger:1 sunday:2 decline:1 discuss:1 specific:1 whatever:1 necessary:2 shipping:2 open:1 face:1 fully:1 prepared:1 go:1 freedom:1 navigation:1 available:1 vital:1 waterway:1 world:1 nbc:1 television:1 meet:2 press:1 state:1 department:1 friday:1 inform:1 threat:1 communciation:1 send:1 switzerland:1 represent:1 american:1 deny:1 baseless:2 report:2 intend:2 warn:1 interference:1 strong:1 tehran:2 radio:1 foreign:1 ministry:1 quote:2 broadcast:1 monitor:1 bbc:1 london:1 conjunction:1 misleading:1 propaganda:1 america:1 already:1 pave:1 ground:1 achieve:1 expansionist:1 hegemonistic:1 intention:1 aim:1 build:1 military:1 presence:1
|
U.S. PREPARED TO ESCORT KUWAITI TANKERS
The United States has offered Navy
warships to escort Kuwaiti oil tankers into and out of the
Gulf where they could be threatened by new Iranian anti-ship
missiles, U.S. defense officials said today.
'We believe the Kuwaitis have also approached the Soviet
Union about the possibility of using Soviet tankers' to ship
their oil, one of the officials told Reuters. 'But if there is
superpower protection, we would rather it come from us,' the
official said.
The officials, who asked not to be identified, said Kuwait
had asked about possible protection for a dozen vessels, most
of them oil tankers, which could be supplied by three U.S. Navy
guided missile destroyers and two guided missile frigates now
in the southern part of the Gulf.
'We told them we would give them help and we are waiting to
hear the Kuwaiti response to our offer,' one official said.
In addition to a half dozen ships in the U.S. Navy's small
Mideast Task Force near the Straits of Hormuz, the Pentagon has
moved 18 warships -- including the Aircraft Carrier Kitty Hawk
-- into the northern Indian Ocean in the past month.
White House and defense officials said today that massing
of the fleet was routine and had nothing to do with the
Iran-Iraq war or Iran's recent stationing of Chinese-made
anti-ship missiles near the mouth of the Gulf.
The land-based missiles have increased concern in Kuwait
and other Middle East countries that their oil shipments might
be affected. Several hundred vessels have been confirmed hit in
the Gulf by Iran and Iraq since early 1984. White House
spokesman Marlin Fitzwater told reporters today that it was in
the U.S. strategic interest to keep the free flow of oil in the
gulf and through the Straits of Hormuz.
But he said U.S. ships in the region were on routine
maneuvers.
Defense Secretary Caspar Weinberger on Sunday declined to
discuss specifics, but said the United States would do whatever
was necessary to keep the Gulf shipping open in the face of new
Iranian anti-ship missiles in the region.
'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 of the world,' he said on NBC
television's 'Meet the Press.'
The State Department said Friday Iran has been informed
about U.S. concern over the threat to oil shipments in the
Gulf. The communciation was sent through Switzerland, which
represents American interests in Iran.
Iran on Sunday denied as baseless reports that it intended
to threaten shipping in the gulf and warned the United States
that any interference in the region would meet a strong
response from Tehran, Tehran Radio said.
An Iranian Foreign Ministry spokesman, quoted in a
broadcast monitored by the BBC in London, said reports that
Iran intends to threaten shipping in the Gulf were baseless.
'In conjunction with this misleading propaganda, America has
already paved the ground to achieve its expansionist and
hegemonistic intentions, aiming to build up its military
presence in the region,' he was quoted as saying.
|
training/8422
|
training/8422 |@title timber:1 realization:1 trx:1 sell:1 remain:1 acre:1 |@word timber:3 realization:3 co:1 say:6 agree:1 sell:1 remain:1 50:1 000:1 acre:1 timberland:2 property:3 mississippi:1 11:1 3:2 mln:2 dlrs:2 cash:3 limited:1 partnership:5 form:2 dispose:1 relate:1 transfer:1 masonite:1 corp:1 sale:2 complete:1 receive:1 15:1 2:1 note:1 since:1 december:1 23:1 1986:1 terminate:1 august:1 1987:1 prior:1 date:3 expect:2 liquidating:1 trust:4 provide:1 unresolved:1 claim:1 liablitie:1 amount:3 retain:2 depend:1 experience:1 resolve:1 open:1 item:1 termination:1 add:1 substantial:1 anticipate:1 make:1 distribution:1 yet:1 undetermined:1 unitholder:1 liquidation:1 funding:1
|
TIMBER REALIZATION <TRX> TO SELL REMAINING ACRES
Timber Realization Co said it has
agreed to sell its remaining 50,000 acres of timberland
property in Mississippi for about 11.3 mln dlrs in cash.
Timber Realization, a limited partnership formed to dispose
of timberlands and related properties transferred to it by the
<Masonite Corp>, said that when this sale is completed the
partnership will have received about 15.2 mln dlrs in cash and
notes from the sale of its properties since December 23, 1986.
The partnership said it will terminate before August 3,
1987.
Prior to that date, the partnership said it expects to form
a liquidating trust to provide for unresolved claims and
liablities.
Timber Realization said the amount retained in that trust
will depend on its experience in resolving open items up to the
termination date, but it added it expects to retain a
substantial amount in the trust.
The partnership said it anticipates making a cash
distribution of an as yet undetermined amount to unitholders at
or before the liquidation trust's funding date.
|
training/8424
|
training/8424 |@title pioneer:1 systems:1 inc:1 pae:1 year:1 nov:1 29:1 loss:1 |@word oper:2 shr:1 loss:5 five:1 ct:1 vs:4 1:2 28:1 dlrs:3 net:2 155:1 000:4 3:2 982:1 sale:1 37:1 mln:2 34:1 2:1 note:1 exclude:1 discontinued:1 fabric:1 finish:1 operation:1 431:1 5:1 910:1
|
PIONEER SYSTEMS INC <PAE> YEAR NOV 29 LOSS
Oper shr loss five cts vs loss 1.28 dlrs
Oper net loss 155,000 vs loss 3,982,000
Sales 37.1 mln vs 34.2 mln
NOTE: Net excludes losses from discontinued fabric
finishing operations of 3,431,000 dlrs vs 5,910,000 dlrs.
|
training/8425
|
training/8425 |@title american:1 share:1 hospital:1 service:1 amsh:1 year:1 |@word period:1 end:1 december:1 31:1 shr:1 profit:2 11:1 ct:2 vs:3 loss:2 24:1 net:1 224:1 271:1 511:1 349:2 revs:1 7:2 258:1 688:1 200:1
|
AMERICAN SHARED HOSPITAL SERVICES <AMSH> YEAR
Period ended December 31.
Shr profit 11 cts vs loss 24 cts
Net profit 224,271 vs loss 511,349
Revs 7,258,688 vs 7,200,349
|
training/8426
|
training/8426 |@title geo:1 hormel:1 co:1 hrl:1 |@word qtly:1 div:1 15:3 ct:2 vs:1 previously:1 pay:1 may:1 record:1 april:1 18:1
|
GEO. A. HORMEL AND CO <HRL>
Qtly div 15 cts vs 15 cts previously
Pay May 15
Record April 18
|
training/8427
|
training/8427 |@title bolivia:1 top:1 union:1 leader:1 join:1 miner:1 fast:1 |@word bolivia:2 top:2 union:3 leader:6 today:2 join:4 hunger:4 strike:7 1:2 300:2 state:3 employ:2 miner:7 worker:2 press:3 high:2 wage:3 say:3 juan:1 lechin:5 oquendo:1 veteran:1 secretary:1 general:1 bolivian:1 labour:1 organization:1 cob:3 tell:3 reporter:3 fast:6 abide:1 call:2 83:1 become:1 one:1 12:1 protest:1 austerity:1 programme:1 government:3 president:3 victor:2 paz:2 estenssoro:2 striking:1 begin:2 9:1 000:2 corporation:2 comibol:2 due:1 star:1 negotiation:2 way:1 solve:1 conflict:1 pay:1 enter:2 fourth:1 day:3 office:1 roman:1 catholic:1 church:1 substantial:1 hike:1 minimum:1 monthly:1 40:1 boliviano:1 20:2 dlrs:1 walter:1 degadillo:1 take:1 part:2 force:2 suspend:1 fifth:1 fund:1 mining:1 nationalise:1 industry:1 two:1 third:1 work:1 lay:1 decision:1 streamline:1 deficit:1 ride:1 follow:1 collapse:1 international:1 tin:1 price:1 face:1 mount:1 social:1 unrest:1 economic:1 policy:1 campaign:1 aim:1 discredit:1 visit:2 west:1 german:1 richard:1 von:1 weizsaecker:3 four:1 last:1 friday:1 regret:1 able:1 attend:2 invitation:1 dinner:3 tonight:2 also:1 orga:1 nise:1 host:1 invite:1 lopez:2 miners:1 federation:1 although:1 source:1 unlikely:1 would:1
|
BOLIVIA'S TOP UNION LEADER JOINS MINERS FAST
Bolivia's top union leader today joined
a hunger strike by 1,300 state employed miners and workers to
press for higher wages he said.
Juan Lechin Oquendo, the veteran secretary general of the
Bolivian Labour Organization, COB, told reporters: 'I am
joining the fast to abide with our call for a hunger strike'.
Lechin, 83, became one of 12 COB leaders to join a hunger
strike to protest against the austerity programme of the
government of president Victor Paz Estenssoro.
The striking leader began his fast as leaders of 9,000
miners employed by the state corporation COMIBOL were due to
star negotiations on ways to solve their conflict over pay.
About 1,300 miners and workers entered today their fourth
day of fast in union offices and Roman Catholic churches to
press for a substantial hike in Bolivia's minimum monthly wage,
which is 40 bolivianos (about 20 dlrs), COB leader Walter
Degadillo said.
'I will take part in the miners' negotiations because that
does not force me to suspend my fast,' Lechin told reporters.
The COMIBOL miners' strike entered its fifth day to press
for higher wages and more funds for the mining nationalised
industry.
About 20,000 miners, or two-thirds of the working force,
have been laid off through the government's decision to
streamline the deficit-ridden state corporation following a
collapse in the international tin price.
The government, faced with mounting social unrest against
its economic policies, has called the miners' strike and fasts
part of a campaign aimed at discrediting it during the visit of
West German president Richard von Weizsaecker, who began a
four-day visit last Friday.
'I regret not being able to attend an invitation by
president Weizsaecker to a dinner tonight because I am on a
hunger strike,' Lechin told reporters. 'I also have to orga-
nise the strike.'
Weizsaecker is hosting a dinner tonight for Paz Estenssoro
and had invited both Lechin and Victor Lopez, the miners'
federation top leader. Although lopez has not joined the fast,
union sources said its unlikely he would attend the dinner.
|
training/8428
|
training/8428 |@title two:1 u:2 bancorp:1 usbc:1 unit:1 merge:1 |@word bancorp:2 pacific:2 state:2 bank:3 lincoln:1 city:1 say:3 plan:1 merge:1 u:3 national:1 oregon:1 pact:1 become:1 part:1 branch:1 system:1 company:1 merger:1 expect:1 complete:1 mid:1 year:1 follow:1 regulatory:1 approval:1 local:1 staff:1 management:1 remain:1
|
TWO U.S. BANCORP <USBC> UNITS MERGE
U.S. Bancorp's Pacific State
Bank of Lincoln City said it plans to merge with U.S. Bancorp's
U.S. National Bank of Oregon.
Under the pact, Pacific State will become part of the U.S.
Bank branch system.
The company said the merger is expected to be completed
after mid-year, following regulatory approval.
All local staff and management will remain the same, it
said.
|
training/8429
|
training/8429 |@title mts:2 acquisition:2 negligible:2 number:2 caesars:2 world:2 share:2 |@word
|
MTS ACQUISITION HAS NEGLIGIBLE NUMBER OF CAESARS WORLD SHARES
MTS ACQUISITION HAS NEGLIGIBLE NUMBER OF CAESARS WORLD SHARES
|
training/843
|
training/843 |@title france:1 little:1 room:1 manoeuvre:1 oecd:1 say:1 |@word french:6 industry:2 fail:1 produce:1 good:3 market:5 need:2 loss:4 competitiveness:3 leave:1 government:4 little:2 room:1 manoeuvre:2 reflate:1 economy:3 organisation:1 economic:1 cooperation:1 development:1 say:9 gross:1 domestic:3 product:1 likely:2 grow:2 2:7 1:2 pct:10 year:9 rate:3 last:5 unemployment:3 could:6 climb:1 11:1 5:3 workforce:1 mid:1 1988:1 present:1 10:1 9:3 annual:2 review:1 report:4 increasingly:1 ill:1 adapt:1 demand:3 sell:1 uncompetitive:1 relative:2 price:8 export:3 france:2 poor:1 performance:1 reflect:1 geographical:1 bias:1 favour:1 less:1 dynamic:1 average:2 substantial:1 share:2 past:1 18:1 month:1 point:1 widening:1 trade:1 deficit:1 around:3 billion:2 dlrs:2 4:2 1986:1 warn:1 depreciation:1 dollar:1 franc:1 lead:1 renew:1 united:1 states:1 also:1 newly:1 industrialise:1 country:1 result:1 major:1 particularly:1 non:1 oecd:6 area:2 account:2 almost:1 quarter:1 competitive:1 ability:1 improve:1 authority:1 would:2 scope:1 macroeconomic:1 even:1 situation:1 encourage:1 pickup:1 investment:1 require:1 briskly:1 add:1 rise:5 help:1 hold:1 wage:2 contribute:1 slowdown:2 inflation:4 two:2 early:2 next:1 write:1 mainly:1 december:1 take:3 oil:3 1987:1 0:1 surge:1 january:2 consumer:2 cause:2 partly:1 deregulation:1 service:2 sector:1 tariff:1 bet:2 freeing:1 provoke:1 runaway:1 absolutely:1 certain:1 lose:1 one:2 official:2 comment:1 datum:1 15:1 barrel:1 assume:1 indicate:1 upward:1 revision:1 forecast:2 three:1 week:1 revise:1 back:1 view:1 underlie:1 trend:1 remain:1 downwards:1 cost:2 fall:2 commodity:1 chief:1 disinflation:1 unit:1 productivity:1 among:1 low:1 differential:1 main:1 trading:1 rival:1 west:1 germany:1 hand:1 note:1 industrial:1 private:1 steeply:1 company:1 build:1 profit:1 disinflationary:1 process:1 continue:2 become:1 lastingly:1 compatible:1 exchange:1 stability:1 essential:1 restraint:1
|
FRANCE HAS LITTLE ROOM FOR MANOEUVRE, OECD SAYS
French industry is failing to produce the
goods its markets need and its loss of competitiveness has left
the government little room for manoeuvre to reflate the
economy, the Organisation for Economic Cooperation and
Development said.
With gross domestic product likely to grow only 2.1 pct
this year, the same rate as last year, unemployment could climb
to 11.5 pct of the workforce by mid-1988, from its present 10.9
pct, it said in an annual review of the French economy.
The report said the French economy was 'increasingly
ill-adapted to demand' selling goods at 'uncompetitive relative
prices on both domestic and export markets.'
'France's poor export performance reflects a geographical
bias in favour of markets less dynamic than the average...
And...A substantial loss of market share...In the past 18
months,' it said.
Pointing to a likely widening of the French trade deficit
to around 2.9 billion dlrs this year from 2.4 billion in 1986,
it warned that a further depreciation of the dollar against the
franc could lead to 'a (renewed) loss of competitiveness
relative not only to the United States but also to the newly
industrialised countries.'
This could result in further major losses of market share,
particularly in the non-OECD area, which accounts for almost a
quarter of French exports, it said.
Until the competitive ability of industry improved, the
authorities would have 'little scope for macroeconomic
manoeuvre, even if the unemployment situation or the need to
encourage a pickup in investment could require demand to grow
more briskly,' it added.
But rising unemployment could help to hold down wage
demands, contributing to a slowdown in inflation to around a
two pct annual rate this year and early next, the OECD said.
Written mainly in December last year, the report took no
account of a rise in oil prices early in 1987, and a 0.9 pct
surge in January consumer prices, caused partly by the
government's deregulation of service sector tariffs.
'We took a bet that the freeing of prices would not provoke
runaway rises, and it is not absolutely certain that bet has
been lost,' one OECD official commented.
OECD officials said the January data and a rise in oil
prices above the 15 dlrs a barrel average assumed in the
report, indicated an upward revision in the inflation forecast
to around 2.5 or three pct.
The government last week revised its forecast up to between
2.4 and 2.5 pct from two pct, against last year's 2.1 pct.
But the OECD backed the government's view that the
underlying trend for inflation remained downwards this year,
with a slowdown in domestic costs taking over from last year's
fall in oil and commodity prices as the chief cause of
disinflation.
With French unit productivity costs now among the lowest in
the OECD area, the inflation differential between France and
its main trading rival, West Germany, could fall to just one
pct this year, it said.
On the other hand, the report noted, consumer prices for
industrial goods and private services have been rising steeply
as companies built up their profits.
'For the disinflationary process to continue , and price
competitiveness to become lastingly compatible with exchange
rate stability, it is essential that wage restraint continue,'
it said.
|
training/8430
|
training/8430 |@title wolverine:1 www:1 sell:1 two:1 subsidiary:1 |@word wolverine:4 world:1 wide:1 inc:3 say:5 sign:1 letter:1 intent:1 sell:2 investment:1 group:1 two:2 subsidiary:1 kaepa:1 athletic:2 footwear:4 maker:1 international:2 marketing:1 arm:1 kara:1 term:1 disclose:1 action:1 continue:1 restructure:1 operation:2 begin:1 last:1 july:1 make:1 company:2 competitive:1 profitable:1 concentrate:1 effort:1 market:1 brooks:1 division:1 expect:1 favorable:1 result:2 second:2 half:1 restructuring:3 1986:2 help:1 improve:1 financial:1 capability:1 report:1 12:1 6:1 mln:3 dlr:3 loss:1 1:1 75:1 dlrs:1 share:1 due:1 largely:1 9:1 0:2 charge:1 4:1 inventory:1 evaluation:1 readjustment:1 take:1 quarter:1 since:1 time:1 small:1 retail:2 close:2 consolidate:1 five:1 domestic:1 factory:1 15:1 location:1
|
WOLVERINE <WWW> TO SELL TWO SUBSIDIARIES
Wolverine World Wide Inc said
it signed a letter of intent to sell to an investment group two
subsidiaries, Kaepa Inc, an athletic footwear maker, and its
international marketing arm, Kara International Inc.
Terms were not disclosed.
Wolverine said the action continues the restructuring
operation begun last July to make the company more competitive
and profitable. Wolverine said it will concentrate its effort
in the athletic footwear market in its Brooks footwear
division.
Wolverine said it expects 'favorable results in the second
half as a result' of its restructuring. In 1986 it said
restructuring helped improve its financial capabilities.
The company reported a 12.6 mln dlr loss, or 1.75 dlrs a
share, in 1986 due largely to a 9.0 mln dlr restructuring
charge and a 4.0 mln dlr inventory evaluation readjustment
taken in the second quarter.
Since that time, it has sold two small retail operations,
closed and consolidated five domestic footwear factories and
closed about 15 retail locations.
|
training/8432
|
training/8432 |@title pacificare:1 phsy:1 talk:1 acquire:1 hmo:1 |@word pacificare:1 health:3 systems:1 inc:1 say:2 negotiation:2 acquire:1 capital:1 care:1 40:1 000:1 member:1 maintenance:1 organization:1 servicing:1 salem:1 corvallis:1 ore:1 company:1 disclose:1 term:1 detail:1 acquisition:1 complete:1
|
PACIFICARE <PHSY> IN TALKS TO ACQUIRE HMO
PacifiCare Health Systems Inc
said it is in negotiations to acquire Capital Health Care, a
40,000 member health maintenance organization servicing Salem
and Corvallis, Ore.
The company said it will not disclose terms or other
details of the acquisition until negotiations are completed.
|
training/8433
|
training/8433 |@title mts:2 acquisition:2 talk:2 pratt:2 hotel:2 southmark:2 caesars:2 world:2 purchase:2 |@word
|
MTS ACQUISITION HAD TALKS WITH PRATT HOTEL, SOUTHMARK ON CAESARS WORLD PURCHASE
MTS ACQUISITION HAD TALKS WITH PRATT HOTEL, SOUTHMARK ON CAESARS WORLD PURCHASE
|
training/8435
|
training/8435 |@title initial:1 plus:1 iinc:1 see:1 sharp:1 sale:1 increase:1 |@word initial:2 plus:1 say:3 expect:3 sale:3 year:2 end:3 january:1 31:1 1988:2 exceed:1 10:1 mln:2 dlrs:3 company:2 last:1 256:1 000:2 turn:1 profitable:1 time:1 see:1 100:2 annually:1 1989:1 personal:1 retailer:1 market:1 product:1 1:1 1987:1
|
INITIALS PLUS <IINC> SEES SHARP SALES INCREASE
Initials Plus said it expects sales in
the year ending January 31, 1988 to exceed 10 mln dlrs.
The company had sales last year of 256,000 dlrs.
Initials said it expects to turn profitable some time in
1988 and sees sales of 100 mln dlrs annually by the end of
1989.
The company said it now has over 100 personal retailers
marketing its products and expects to have more than 1,000 by
the end of 1987.
|
training/8438
|
training/8438 |@title sosnoff:1 small:1 number:1 caesars:1 caw:1 share:1 |@word martin:1 sosnoff:7 say:8 mts:1 acquisition:1 corp:3 date:2 receive:1 negligible:1 number:1 caesars:4 world:4 inc:2 share:3 response:1 28:1 dlr:1 per:1 tender:2 offer:2 also:1 hold:1 preliminary:2 talk:5 pratt:5 hotel:4 prat:1 southmark:4 sm:1 form:2 joint:2 venture:2 enter:2 acquire:2 caesar:4 friendly:1 transaction:2 would:4 50:1 pct:3 interest:1 remainder:1 actively:1 pursue:1 presentand:1 may:3 continue:1 future:1 could:1 assurance:2 agree:1 several:1 contact:1 representative:1 result:1 indication:1 wish:1 negotiation:1 base:1 staff:1 member:1 game:1 authority:1 necessary:1 regulatory:2 review:1 bid:2 complete:1 original:1 april:1 three:1 expiration:1 extend:1 15:1 remain:1 subject:1 approval:1 arrangement:1 financing:1 sand:1 casino:2 atlantic:1 city:1 n:1 j:1 operate:1 boardwalk:1 regency:1 recently:1 wage:1 apparently:1 unsuccessful:1 campaign:1 control:1 resorts:1 international:1 rta:1 new:1 york:1 developer:1 donald:1 trump:1 37:1 boasrd:1 urge:1 rejection:1 ground:1 inadequate:1 investigate:1 alternative:1 currently:1 13:1 3:1
|
SOSNOFF HAS SMALL NUMBER OF CAESARS <CAW> SHARES
Martin T. Sosnoff said his <MTS
Acquisition Corp> to date has received only a 'negligible'
number of Caesars World Inc shares in response to its 28-dlr-
per-share tender offer for all shares.
Sosnoff also said he has held preliminary talks with Pratt
Hotel Corp <PRAT> and Southmark Corp <SM> on forming a joint
venture to enter into talks to acquire Caesars in a friendly
transaction in which Sosnoff would have a 50 pct interest and
Pratt and Southmark the remainder.
Sosnoff said the talks with Pratt and Southmark are not
being actively pursued at the presentand may or may not be
continued in the future. He said there could be no assurance
that a joint venture would be formed or that Caesars would
agreed to talks. 'Several preliminary contacts with
representatives of Caesars have not resulted in any indication
that it wishes to enter into such negotiations,' Sosnoff said.
He said based on talks with staff members of gaming
authorities, there can be no assurance that the necessary
regulatory review of its bid for Caesars World can be completed
by the original April Three expiration date.
Sosnoff said it has extended the tender until May 15. The
bid remains subject to regulatory approvals and the arrangement
of financing.
Pratt, which owns the Sands Hotel and Casino in Atlantic
City, N.J., where Caesars operates the Boardwalk Regency Hotel
and Casino, recently waged an apparently unsuccessful campaign
to acquire control of Resorts International Inc <RTA> against
New York developer Donald Trump. Southmark owns about 37 pct
of Pratt Hotel.
Caesars World's boasrd has urged rejection of the offer on
the grounds that it is inadequate and has said it would
investigate alternative transactions. Sosnoff currently owns
about 13.3 pct of Caesars World.
|
training/844
|
training/844 |@title painewebber:1 pwj:1 unit:1 ups:1 shaer:1 shoe:1 shs:1 stake:1 |@word mitchell:2 hutchins:2 asset:1 management:2 inc:2 new:1 york:1 investment:2 firm:2 subsidiary:1 painewebber:1 group:1 say:4 raise:1 voting:1 stake:2 shaer:2 shoe:1 corp:1 76:1 000:2 share:5 7:1 5:2 pct:2 52:1 100:1 1:1 filing:1 securities:1 exchange:1 commission:1 buy:2 11:1 900:1 jan:1 8:1 feb:1 24:1 price:1 range:1 12:3 125:1 75:1 dlrs:1 obtain:1 vote:1 control:1 another:1 behalf:1 client:1 discussion:1 disclose:1 topic:1 talk:1
|
PAINEWEBBER<PWJ> UNIT UPS SHAER SHOE <SHS> STAKE
Mitchell Hutchins Asset Management
Inc, a New York investment firm and subsidiary of PaineWebber
Group Inc, said it raised its voting stake in Shaer Shoe Corp
to 76,000 shares, or 7.5 pct, from 52,100 shares, or 5.1 pct.
In a filing with the Securities and Exchange Commission,
Mitchell Hutchins said it bought 11,900 shares between Jan 8
and Feb 24 at prices ranging from 12.125 to 12.75 dlrs a share
and obtained voting control over another 12,000 shares.
The firm has said it bought the stake as an investment on
behalf of its clients, but said it has had discussions with
Shaer management. It did not disclose the topic of the talks.
|
training/8440
|
training/8440 |@title iraq:1 report:1 attack:1 supertanker:1 oil:1 target:1 |@word iraq:2 say:8 today:4 warplne:1 attack:7 supertanker:4 four:1 iranian:6 oil:6 site:1 vow:1 keep:1 raid:4 gulf:4 war:2 end:2 surprise:1 escalation:1 installation:1 break:1 month:1 long:1 lull:1 iraqi:6 air:1 force:1 action:1 also:3 follow:1 celebration:1 yesterday:1 baghdad:2 hail:1 iran:4 failure:1 achieve:1 victory:1 year:2 saturday:2 high:2 command:2 communique:4 warplane:3 hit:3 western:1 jetty:1 kharg:4 island:2 terminal:3 afternoon:1 strike:2 nearby:1 time:3 135:1 since:1 august:1 1985:1 last:2 january:1 identify:1 column:1 smoke:1 see:1 billow:1 london:1 lloyds:1 insurance:1 162:1 046:1 ton:1 tanker:2 avaj:1 report:3 early:1 independent:1 confirmation:1 shipping:1 past:2 24:1 hour:1 confirm:1 take:1 place:1 march:1 eight:1 khark:1 5:1 south:1 offshore:1 oilfield:2 nowruz:1 cyrus:1 ardeshir:1 northern:1 80:1 km:1 50:1 mile:1 west:1 three:2 several:2 source:1 crucially:1 important:1 export:1 trade:1 second:1 fly:1 94:1 sortie:1 iranan:1 target:1 position:1 front:1 clash:1 naval:1 unit:1 boat:2 carry:1 man:1 northen:1 tip:1 two:1 wer:1 destroy:1 sink:1 occupant:1 flee:1
|
IRAQ REPORTS ATTACKS ON SUPERTANKER, OIL TARGETS
Iraq said today its warplnes had
attacked a supertanker and four Iranian oil sites and vowed to
keep up such raids until the Gulf war ends.
The surprise escalation of attacks on oil installations
broke more than a month-long lull in Iraqi air force action.
It also followed celebrations yesterday of what Baghdad
hailed as Iran's failure to achieve victory during the Iranian
year which ended on Saturday.
A high command communique said warplanes hit the western
jetty at Iran's Kharg island oil terminal in the afternoon and
struck a supertanker nearby at the same time.
The Kharg terminal, attacked about 135 times since August
1985, was last raided in January.
The communique did not identify the supertanker, but said
columns of smoke were seen billowing from it.
In London, Lloyds insurance said the 162,046-ton Iranian
tanker Avaj was hit on Saturday, when Iraq reported an earlier
Gulf attack.
But there has been no independent confirmation of today's
supertanker attack nor of other raids on shipping reported by
Baghdad in the past 24 hours.
The last confirmed Iraqi attack took place on March eight,
when the Iranian tanker Khark-5 was hit south of Kharg.
Iraqi warplanes also struck Iran's offshore oilfields at
Nowruz, Cyrus and Ardeshir in northern gulf, some 80 km (50
miles) west of Kharg island, today's communique said.
The three oilfields have been raided several times in the
past three years. Oil sources said they were not crucially
important to Iran's oil export trade.
A second high command communique today said Iraqi warplanes
flew 94 sorties against Iranan targets and positions at the war
front.
It also reported a clash between Iraqi naval units and
several Iranian boats carrying men to attack an Iraqi oil
terminal at the northen tip of the Gulf.
Two Iranian boats wer destroyed and sunk with their
occupants and the others fled, it said.
|
training/8441
|
training/8441 |@title talk:1 point:1 wendy:1 international:1 wen:1 |@word takeover:6 speculation:1 buoy:1 wendy:21 international:1 inc:3 stock:2 even:2 coca:2 cola:2 co:2 take:2 fizz:1 market:4 rumor:9 deny:2 interested:2 suitor:3 retreat:1 early:1 high:3 13:1 3:3 8:3 lose:2 point:1 ko:1 say:21 untrue:1 however:3 remain:1 5:1 12:1 volume:1 three:1 mln:1 share:2 several:1 analyst:10 skeptical:2 yet:2 could:4 conclude:1 fast:3 food:3 restaurant:4 chain:4 impossible:1 decline:1 comment:3 kind:1 spokesman:1 company:6 aware:1 business:1 week:2 article:1 name:2 coke:6 potential:1 source:2 help:1 ignite:1 mill:1 mention:1 anheuser:1 busch:1 bud:1 pepsico:1 pep:1 alternative:1 acquirer:1 neither:1 would:5 official:1 happen:2 every:3 day:1 month:1 unusual:1 link:1 denny:1 lynch:2 vice:1 president:1 communication:1 specifically:1 current:1 since:2 atlanta:1 based:1 state:1 view:1 customer:1 want:1 become:2 competitor:1 put:1 another:1 kidder:1 peabody:1 jay:1 freedman:4 vaguer:1 continue:1 hold:2 well:1 someone:1 believe:5 right:4 time:3 sell:3 obviously:1 operational:1 difficulty:1 always:1 price:4 consider:1 offer:1 transaction:1 place:1 buyer:1 go:4 control:1 situation:1 think:2 anything:1 worth:2 much:1 joseph:1 doyle:1 smith:1 barney:1 suffer:1 largely:1 burger:2 war:1 mcdonald:1 corp:1 mcd:1 pillsbury:1 psy:1 king:1 third:1 large:1 hamburger:1 u:1 11:1 pct:2 store:3 sale:3 last:2 year:2 also:3 fumble:1 introduce:1 breakfast:1 withdraw:1 bring:2 new:1 product:1 soon:1 predict:1 significant:1 turnaround:1 may:1 vulnerable:1 james:1 murren:3 c:1 j:1 lawrence:1 14:1 15:2 dlrs:2 break:1 basis:1 improve:1 debt:1 equity:1 ratio:1 percent:1 38:1 500:1 attractive:1 leasehold:1 despite:1 downturn:1 real:1 turn:1 upwards:1 fourth:1 quarter:2 first:1 seven:1 caroline:1 levy:1 e:1 f:1 hutton:1 something:2 gut:1 feeling:1 know:1 estimate:1 least:1 per:1 one:1 speculate:1 decide:1 fountain:1 instead:1 pepsi:3 currently:1 embroil:1 litigation:1 contract:1 soda:1 still:1
|
TALKING POINT/WENDY'S INTERNATIONAL <WEN>
Takeover speculation buoyed Wendy's
International Inc's stock, even after Coca Cola Co took the
fizz out of market rumors by denying it was an interested
suitor.
Wendy's retreated from an earlier high of 13-3/8, and lost
a point when Coca Cola <KO> said the rumors were untrue.
However, Wendy's remained up 5/8 at 12-3/8 on volume of more
than three mln shares.
Several analysts were skeptical of the rumors, yet they
said they could not conclude a takeover of the fast food
restaurant chain was impossible.
Wendy's declined comment on takeover rumors of all kinds.
Yet, a Wendy's spokesman said the company was aware of a
Business Week article, which named Coke as a potential suitor
and which market sources said helped ignite the rumor mill.
Market sources mentioned Anheuser-Busch Inc <BUD> and
Pepsico Inc <PEP> as alternatives to Coke as acquirers. Neither
of those companies would comment, nor would the Wendy's
official.
'It doesn't happen every day, every week, every month, but
its not unusual for us to be linked with those companies,' said
Denny Lynch, Wendy's vice president of communications.
However, Lynch would not comment specifically on the
current market rumors.
Even before Coke denied the rumors, analysts had been
skeptical of a takeover since Atlanta-based Coke has stated it
views fast food chains as customers and does not want to become
a competitor to them.
'I can't put another name on it,' said Kidder peabody
analyst Jay Freedman as vaguer rumors continued to hold up
Wendy's stock. 'It very well could be someone's interested.'
But Freedman said he doesn't believe now is the right time
for Wendy's to be sold.
'They're obviously having operational difficulties. I've
always believed at the right price Wendy's would consider (an
offer), but I can't believe this is the right price at the
right time,' Freedman said.
'If a transaction takes place, the buyer's going to control
the situation,' Freedman said.
'I just don't think there's anything going on. I don't
think it's worth much more than where it is,' said Joseph Doyle
of Smith Barney.
Analysts said Wendy's has suffered largely from the 'burger
wars' between itself, McDonald's Corp <MCD> and Pillsbury Co's
<PSY> Burger King chain. Wendy's, the third largest fast food
hamburger chain in the U.S., lost about 11 pct in same store
sales last year, analysts said.
Wendy's also fumbled when it introduced a high-priced
breakfast, which it has since withdrawn, analysts said. Some
analysts said the company should be bringing in new products,
but it is too soon to predict a significant turnaround.
There are analysts, however, who believe Wendy's may be
vulnerable to a takeover.
James Murren of C.J. Lawrence said Wendy's could be worth
14 to 15 dlrs on a break-up basis. He said the company has
improved its debt-to-equity ratio and Wendy's owns a high
percent of its own restaurants - 38 pct of 3,500.
'They also have some attractive leaseholds on their
restaurants,' Murren said.
Murren said that despite the downturn in sales last year,
Wendy's real sales, store for store, turned upwards in the
fourth quarter. 'That was about the first time in seven
quarters,' he said.
Caroline Levy of E.F. Hutton also believes something could
be going on with Wendy's. 'My gut feeling is something's going
to happen. I don't know what,' she said.
She estimated a takeover price would be at least 15 dlrs
per share.
One analyst speculated that Coke became the rumored suitor
because Wendy's decided to sell Coke at its fountains instead
of Pepsi.
Wendy's is currently embroiled in litigation brought by
Pepsi, which holds a contract with the company, analysts said.
Pepsi's soda is still sold in the Wendy's restaurants.
|
training/8443
|
training/8443 |@title u:2 export:2 inspection:2 thous:2 bushel:2 soybean:2 13:2 417:2 wheat:2 12:2 003:2 corn:2 27:2 623:2 |@word
|
U.S. EXPORT INSPECTIONS, IN THOUS BUSHELS SOYBEANS 13,417 WHEAT 12,003 CORN 27,623
U.S. EXPORT INSPECTIONS, IN THOUS BUSHELS SOYBEANS 13,417 WHEAT 12,003 CORN 27,623
|
training/8446
|
training/8446 |@title ec:1 commission:1 set:1 detail:1 grain:1 import:1 plan:1 |@word ec:6 commission:2 decide:1 shortly:1 precisely:1 arrange:1 import:5 third:1 country:3 maize:3 sorghum:3 fulfilment:1 agreement:1 united:1 states:1 source:3 say:2 accord:1 reach:1 follow:1 u:1 complaint:1 impact:1 agricultural:1 export:2 spanish:3 membership:1 two:1 mln:1 tonne:2 300:1 000:1 year:3 end:1 1990:1 produce:2 spain:2 special:2 levy:2 level:1 likely:1 apply:1 possible:1 intervention:1 board:1 would:1 ask:1 buy:1 directly:1 rather:1 late:1 make:1 arrangement:1 add:2 choice:1 future:1 appear:1 lie:1 system:1 regular:1 tender:1 setting:1 daily:1 applicable:1 initially:1 tax:2 although:1 could:1 impose:1 later:1
|
EC COMMISSION SET TO DETAIL GRAIN IMPORT PLAN
The EC Commission will decide shortly
precisely how to arrange the import of third country maize and
sorghum into the EC in fulfilment of its agreement with the
United States, Commission sources said.
Under the accord, reached following U.S. complaints about
the impact on its agricultural exports of Spanish EC
membership, the EC will import two mln tonnes of maize and
300,000 tonnes of sorghum a year up to end of 1990.
All this produce will be imported into Spain at special
levy levels likely to be below those applying for imports into
other EC countries.
The sources said it was possible that the Spanish
intervention board would be asked to buy the produce directly
this year, as it was rather late to make other arrangements.
They added that the choice for future years appears to lie
between a system of regular tenders and the setting of a daily
special levy applicable to Spanish imports.
There will initially be no tax on re-exports of maize and
sorghum from Spain to other EC countries, although such a tax
could be imposed later, the sources added.
|
training/8447
|
training/8447 |@title patient:1 technology:1 inc:1 pti:1 year:1 loss:1 |@word shr:2 loss:9 12:1 ct:3 vs:8 63:1 net:3 596:1 000:10 2:1 934:1 rev:1 7:2 261:1 6:1 600:1 year:2 oper:2 14:1 1:1 28:1 dlrs:3 683:1 5:2 824:1 revs:1 29:1 8:1 mln:2 22:1 avg:1 shrs:1 4:2 930:1 546:1 note:1 exclude:1 discontinue:1 operation:1 764:1 152:1
|
PATIENT TECHNOLOGY INC <PTI> YEAR LOSS
Shr loss 12 cts vs loss 63 cts
Net loss 596,000 vs loss 2,934,000
Revs 7,261,000 vs 6,600,000
Year
Oper shr loss 14 cts vs loss 1.28 dlrs
Oper net loss 683,000 vs loss 5,824,000
Revs 29.8 mln vs 22.7 mln
Avg shrs 4,930,000 vs 4,546,000
NOTE: Year net excludes losses from discontinued operations
of 764,000 dlrs vs 5,152,000 dlrs.
|
training/8448
|
training/8448 |@title gemini:1 technology:1 inc:1 gmtif:1 year:1 loss:1 |@word shr:1 loss:2 74:1 ct:1 net:2 4:1 192:1 613:1 rev:1 2:1 928:1 021:1 note:1 1986:1 include:1 3:1 095:1 000:1 dlr:1 write:1 tie:1 discontinuation:1 emulator:1 board:1 production:1 co:1 1st:1 fl:1 yr:1 operation:1
|
GEMINI TECHNOLOGY INC <GMTIF> YEAR LOSS
Shr loss 74 cts
Net loss 4,192,613
Revs 2,928,021
Note: 1986 net includes 3,095,000 dlr write-off tied to
discontinuation of emulator board production.
Co's 1st fl-yr of operation.
|
training/8449
|
training/8449 |@title societe:1 generale:1 report:1 high:1 1986:1 profit:1 |@word france:1 societe:4 generale:4 sgen:1 pa:1 bank:3 sell:1 private:1 sector:1 second:1 half:1 year:4 report:1 increase:2 profit:7 last:2 one:1 three:1 large:1 state:1 banking:2 group:2 say:3 statement:1 parent:3 company:3 1986:2 total:2 800:2 mln:3 franc:7 21:2 2:3 pct:2 1985:4 660:1 line:1 early:1 forecast:1 770:1 gross:2 operating:3 5:2 4:1 34:1 billion:9 20:1 24:1 mostly:1 due:1 rise:2 french:1 deposit:1 personal:1 loan:1 well:1 development:1 financial:1 activity:1 net:1 earning:1 also:1 13:2 9:1 compare:1 57:1 cost:1 7:1 44:1 6:2 67:1 previous:1 president:1 marc:1 vienot:1 december:1 expect:1 consolidated:1 1:1 62:1
|
SOCIETE GENERALE REPORTS HIGHER 1986 PROFITS
France's Societe Generale <SGEN.PA> bank,
which will be sold to the private sector in the second half of
this year, reported increased profits for last year.
Societe Generale, one of the three largest state-owned
banking groups, said in a statement that its parent company
profit for 1986 totalled 800 mln francs, up 21.2 pct on 1985's
660 mln profit.
This was in line with earlier forecasts of profit of
between 770 and 800 mln francs.
The bank's parent company gross operating profits were up
5.4 pct at 21.34 billion francs against 20.24 billion in 1985.
The increase in the bank's gross operating profits was
mostly due to a rise in french franc deposits and personal
loans as well as the development of its financial activities,
Societe Generale said.
Parent company net banking earnings last year were also up
at 13.9 billion francs compared with 13.57 billion in 1985
while operating costs totalled 7.44 billion francs against 6.67
billion the previous year.
Societe Generale President Marc Vienot said in December he
expected group 1986 consolidated profits to rise to between 2.5
billion and 2.6 billion francs from 1.62 billion in 1985.
|
training/8451
|
training/8451 |@title french:1 household:1 consumption:1 fall:1 february:1 |@word french:1 household:1 consumption:2 industrial:1 good:2 fall:2 1:2 pct:1 seasonally:1 adjust:1 21:2 32:1 billion:2 franc:1 last:1 month:1 55:1 january:2 national:1 statistics:1 institute:1 insee:2 say:2 bring:1 back:1 december:1 1986:1 level:1 add:1 due:2 sharp:1 decline:2 purchase:2 clothing:1 high:1 cold:1 weather:1 partly:1 compensate:1 small:1 rise:1 durable:1
|
FRENCH HOUSEHOLD CONSUMPTION FALLS IN FEBRUARY
French household consumption of
industrial goods fell 1.1 pct seasonally adjusted to 21.32
billion francs last month from 21.55 billion in January, the
National Statistics Institute (INSEE) said.
This brought consumption back down to the December 1986
level, it added.
INSEE said that the fall was due to a sharp decline in
purchases of clothing, which were high in January due to the
cold weather. The decline was partly compensated by a small
rise in purchases of durable goods.
|
training/8453
|
training/8453 |@title french:1 economic:1 council:1 pessimistic:1 1987:1 growth:1 |@word france:1 economic:3 social:1 council:2 ce:1 advisory:1 body:1 comprise:1 industrialist:1 trade:1 unionist:1 representative:1 sector:1 french:4 economy:2 say:5 country:2 annual:1 growth:4 may:1 reach:2 two:3 pct:3 1987:3 gross:1 domestic:1 product:1 risk:1 register:1 last:2 year:4 report:1 first:1 quarter:1 activity:1 without:1 give:1 specific:1 forecast:1 finance:1 minister:1 edouard:1 balladur:2 quote:1 today:1 probably:2 interview:1 financial:1 daily:1 les:1 echos:1 due:1 less:1 favourable:1 international:1 environment:1 ces:1 president:1 philippe:1 neeser:2 one:1 major:1 fear:1 resurge:1 inflation:1 disinflation:1 absolute:1 priority:1 tell:1 journalist:1 add:1 failure:1 would:2 extremely:1 serious:1 difficult:1 reverse:1 many:1
|
FRENCH ECONOMIC COUNCIL PESSIMISTIC ON 1987 GROWTH
France's Economic and Social Council
(CES), an advisory body comprising industrialists, trade
unionists and representatives of other sectors of the French
economy, said the country's annual growth may not reach two pct
in 1987.
French gross domestic product risks not reaching the two
pct growth registered last year, the Council said in a report
on first quarter 1987 economic activity without giving any
specific forecasts. Finance Minister Edouard Balladur was
quoted today as saying that French 1987 growth will probably be
about two pct.
Balladur said in an interview with the financial daily Les
Echos that the country's economic growth will probably be about
the same as last year due to a less favourable international
environment.
CES President Philippe Neeser said one of the major fears
for the French economy this year was a resurge in inflation.
Disinflation was an absolute priority, Neeser told
journalists, adding that a failure to do this would be
extremely serious as if would be very difficult to reverse for
many years.
|
training/8454
|
training/8454 |@title uniforce:1 temporary:1 unfr:1 set:1 split:1 |@word uniforce:1 temporary:1 personnel:1 inc:1 say:1 declare:1 three:1 two:1 stock:1 split:1 payable:1 may:1 15:1 stockholder:1 record:1 april:1 14:1
|
UNIFORCE TEMPORARY <UNFR> SETS SPLIT
Uniforce Temporary
Personnel Inc said it declared a three-for-two stock split,
payable May 15 to stockholders of record April 14.
|
training/8457
|
training/8457 |@title manhattan:1 national:1 corp:1 mlc:1 4th:1 qtr:1 loss:1 |@word oper:4 shr:2 loss:8 20:1 ct:4 vs:6 81:1 net:3 1:3 042:1 000:8 4:1 077:1 revs:2 38:1 5:1 mln:4 50:1 3:1 12:1 mth:1 six:1 43:1 336:1 2:1 176:1 137:1 8:1 209:1 note:1 qtrs:1 1986:2 prior:2 exclude:2 realize:2 investment:2 gain:2 74:1 dlrs:4 644:1 respectively:2 year:1 642:1 979:1
|
MANHATTAN NATIONAL CORP <MLC> 4TH QTR LOSS
Oper shr loss 20 cts vs loss 81 cts
Oper net loss 1,042,000 vs loss 4,077,000
Revs 38.5 mln vs 50.3 mln
12 mths
Oper shr loss six cts vs loss 43 cts
Oper net loss 336,000 vs loss 2,176,000
Revs 137.8 mln vs 209.1 mln
NOTE: qtrs 1986 and prior exclude net realized investment
gains of 74,000 dlrs and 644,000 dlrs, respectively, and years
1986 and prior exclude realized investment gains of 642,000
dlrs and 1,979,000 dlrs, respectively.
|
training/8458
|
training/8458 |@title kiddie:1 products:1 inc:1 kidd:1 year:1 net:1 |@word shr:1 1:2 25:1 dlrs:2 vs:3 14:1 net:1 472:1 254:1 446:1 805:1 revs:1 21:1 4:2 mln:2 19:1
|
KIDDIE PRODUCTS INC <KIDD> YEAR NET
Shr 1.25 dlrs vs 1.14 dlrs
Net 472,254 vs 446,805
Revs 21.4 mln vs 19.4 mln
|
training/846
|
training/846 |@title telecredit:1 inc:1 tcrd:1 3rd:1 qtr:1 jan:1 31:1 net:1 |@word shr:2 32:1 ct:4 vs:6 22:1 net:2 3:2 454:1 000:4 2:2 224:1 revs:2 33:1 mln:4 28:1 1:1 nine:1 mth:1 64:1 38:1 6:1 935:1 877:1 86:1 8:1 70:1 9:1
|
TELECREDIT INC <TCRD> 3RD QTR JAN 31 NET
Shr 32 cts vs 22 cts
Net 3,454,000 vs 2,224,000
Revs 33.2 mln vs 28.1 mln
Nine mths
Shr 64 cts vs 38 cts
Net 6,935,000 vs 3,877,000
Revs 86.8 mln vs 70.9 mln
|
training/8467
|
training/8467 |@title bellsouth:1 bls:1 complete:1 purchase:1 share:1 |@word bellsouth:3 corp:1 say:3 complete:1 previously:1 announce:1 agreement:2 acquire:1 dataserv:2 inc:1 exchange:3 share:3 nov:1 25:1 1986:1 one:1 common:2 every:1 13:1 3:1 reflect:1 feb:1 23:1 three:1 two:1 stock:1 split:1 company:1
|
BELLSOUTH <BLS> COMPLETES PURCHASE FOR SHARES
BellSouth Corp said it completed its
previously-announced agreement to acquire <Dataserv Inc> for an
exchange of shares.
BellSouth said under the Nov 25, 1986, agreement, it
exchanged one of its common shares for every 13.3 Dataserv
common shares. The exchange reflects the Feb 23 three-for-two
BellSouth stock split, the company said.
|
training/8472
|
training/8472 |@title rexham:1 rxh:1 get:1 takeover:1 offer:1 |@word rexham:6 corp:1 maker:1 packaging:1 material:1 machinery:1 say:5 receive:2 unsolicited:1 offer:3 43:1 dlrs:1 share:3 nortek:5 inc:1 ntk:1 providence:1 r:1 textile:1 manufacturer:1 disclose:1 hold:1 381:1 050:1 9:1 1:1 pct:1 outstanding:1 company:2 welcome:1 proposal:1 add:1 board:1 study:1 respond:1 due:1 course:1 propose:1 pay:2 half:2 cash:2 convertible:2 prefer:1 stock:2 4:1 2:1 mln:1 outstande:1 portion:1 would:2 include:1 amount:1 previously:1 stake:1 term:1 preferred:1 negotiate:1 takeover:1 letter:1
|
REXHAM <RXH> GETS TAKEOVER OFFER
Rexham Corp, a maker of
packaging materials and machinery, said it received an
unsolicited offer of 43 dlrs a share from Nortek Inc <NTK>.
Nortek, a Providence, R.I., textile manufacturer, has
disclosed it holds 381,050 Rexham shares, or about 9.1 pct of
the outstanding, the company said.
Rexham said it does not welcome the proposal but added its
board will study the offer and respond in due course.
Nortek has proposed paying half cash and half Nortek
convertible preferred stock for Rexham, which has about 4.2 mln
shares outstanding.
The cash portion would include the amount previously paid
for the Rexham stake and the terms of the convertible preferred
stock would be negotiated, the company said.
Rexham said it received the takeover offer in a letter from
Nortek.
|
training/8475
|
training/8475 |@title banca:1 america:1 e:1 italia:1 1986:1 year:1 |@word net:2 profit:2 year:1 end:1 december:2 31:1 1986:1 1:1 3:4 billion:6 lira:3 vs:3 47:1 deposit:1 client:2 691:1 0:3 419:1 loan:1 2:2 448:1 181:1 5:1 note:1 bank:2 sell:1 bankamerica:1 corp:1 bk:1 n:1 last:1 west:1 germany:1 deutsche:1 ag:1 dbkg:1 f:1 say:1 sharp:1 fall:1 reflect:1 various:1 factor:1 include:1 high:2 set:1 aside:1 risk:1 coverage:1 tax:1 burden:1
|
BANCA D'AMERICA E D'ITALIA 1986 YEAR
Net profits for year ended December 31
1986 1.3 billion lire vs 47.3 billion
Deposits from clients 3,691.0 billion lire vs 3,419.0
billion
Loans to clients 2,448.0 billion lire vs 2,181.5 billion
Note: The bank, sold by Bankamerica Corp <BK.N> last
December to West Germany's Deutsche Bank AG <DBKG.F>, said the
sharp fall in net profit reflected various factors including
higher set-asides for risk coverage and a high tax burden.
|
training/8478
|
training/8478 |@title energy:1 analyst:1 propose:1 u:1 oil:1 tariff:1 |@word energy:3 analyst:1 edward:1 krapels:1 say:5 united:1 states:1 consider:1 oil:9 tariff:4 keep:1 u:2 dependence:1 import:3 50:1 pct:1 supply:1 side:2 argument:1 favor:1 contingent:1 variable:1 persuasive:1 krapel:2 president:1 security:1 analysis:1 inc:1 statement:1 house:1 power:1 subcommittee:2 hear:1 optimal:1 would:1 one:1 implement:1 international:1 price:3 crude:1 fall:1 15:1 dlrs:1 barrel:1 demand:1 obvious:1 policy:1 excise:1 tax:4 transportation:1 fuel:1 william:1 johnson:1 jofree:1 corp:1 disagree:1 proposal:1 congress:1 remove:1 control:1 natural:1 gas:1 repeal:1 windfall:1 profit:1 company:1 allow:1 export:1 alaskan:1 provide:1 incentive:2 production:1 least:1 preserve:1 exisite:1 drilling:1 also:1 urge:1 fill:1 strategic:1 petroleum:1 reserve:1 fast:1 rate:1 richard:1 adkerson:1 arthur:1 andersen:1 co:1 tell:1 expect:1 increase:1 fund:1 exploration:1 development:1 domestic:1 source:1 economically:1 justify:1 due:1 low:1
|
ENERGY ANALYST PROPOSES U.S. OIL TARIFF
Energy analyst Edward Krapels said
the United States should consider an oil tariff to keep U.S.
dependence on imports below 50 pct.
'On the supply side, the argument in favor of a contingent,
variable import tariff is most persuasive,' Krapels, president
of Energy Security Analysis, Inc said in a statement at a House
Energy and Power subcommittee hearing.
'An optimal tariff would be one implemented only if the
international price of crude oil falls below, say, 15 dlrs a
barrel. On the demand side, the obvious policy is an excise tax
on transportation fuels,' Krapels said.
But William Johnson of the Jofree Corp disagreed with the
oil tariff proposal, saying Congress should remove price
controls on natural gas, repeal the windfall profits tax on oil
companies, allow exports of Alaskan oil and provide tax
incentives for U.S. oil production, or, at the least, preserve
exisiting tax incentives for drilling. He also urging filling
the Strategic Petroleum Reserve at a faster rate.
Richard Adkerson of Arthur Andersen and Co told the
subcommittee oil imports were expected to increase because
funds for exploration and development of domestic oil sources
cannot now be economically justified due to low oil prices.
|
training/8479
|
training/8479 |@title security:1 capital:1 scc:1 suspend:1 dividend:1 |@word security:2 capital:2 corp:1 say:3 suspend:1 quarterly:1 cash:1 dividend:2 payment:2 indefinitely:1 company:2 also:1 board:1 withdraw:1 authroization:1 buy:1 stock:1 open:1 market:1 previous:1 five:1 ct:1 february:1 24:1 action:1 take:1 response:1 continue:1 operating:1 loss:1 primarily:1 benjamin:1 franklin:1 savings:1 association:1 houston:1 base:1 subsidiary:1
|
SECURITY CAPITAL <SCC> SUSPENDS DIVIDENDS
Security Capital Corp said it has
suspended quarterly cash dividend payments indefinitely.
The company also said its board has withdrawn authroization
for the company to buy its stock on the open market. Its
previous dividend payment was five cts on February 24.
Security Capital said this action was taken in response to
its continuing operating losses, primarily at Benjamin Franklin
Savings Association, a Houston-based subsidiary.
|
training/848
|
training/848 |@title laser:1 precision:1 corp:1 lasr:1 4th:1 qtr:1 net:1 |@word shr:2 profit:6 14:1 ct:4 vs:6 two:1 net:2 452:1 723:1 50:1 581:1 revs:2 5:1 065:1 543:1 2:1 898:1 363:1 year:1 45:1 loss:2 15:1 1:1 276:1 472:1 340:1 081:1 16:1 0:1 mln:1 9:1 304:1 466:1
|
LASER PRECISION CORP <LASR> 4TH QTR NET
Shr profit 14 cts vs profit two cts
Net profit 452,723 vs profit 50,581
Revs 5,065,543 vs 2,898,363
Year
Shr profit 45 cts vs loss 15 cts
Net profit 1,276,472 vs loss 340,081
Revs 16.0 mln vs 9,304,466
|
training/8480
|
training/8480 |@title auditor:1 lift:1 qualification:1 brunswick:1 bc:1 |@word auditor:1 brunswick:2 corp:1 lift:1 four:1 year:1 qualification:2 company:2 financial:2 statement:1 vice:1 president:1 finance:1 frederick:1 florjancic:1 tell:1 security:1 analyst:1 result:1 diversify:1 leisure:1 defense:1 aerospace:1 qualife:1 arthur:1 andersen:1 co:1 since:1 1982:2 relate:1 certain:1 tax:1 liability:1 amount:1 65:1 mln:1 dlrs:1 associate:1 medical:1 division:1 sell:1 say:1
|
AUDITORS LIFT QUALIFICATION ON BRUNSWICK <BC>
Auditors of Brunswick Corp lifted a
four year qualification on the company's financial statements,
vice president-finance Frederick Florjancic told securities
analysts here.
The financial results for the diversified leisure and
defense/aerospace company had been qualifed by Arthur Andersen
and Co since 1982.
The qualification related to certain tax liabilities,
amounting to 65 mln dlrs, associated with a medical division
sold by Brunswick in 1982, he said.
|
training/8481
|
training/8481 |@title alc:1 communications:1 corp:1 alcc:1 1986:1 loss:1 |@word shr:1 loss:5 4:1 63:1 vs:3 2:1 43:1 net:2 60:1 780:1 000:2 28:1 898:1 rev:1 499:1 7:1 mln:3 432:1 1:1 note:1 1986:1 include:1 49:1 9:1 dlrs:1 restructuring:1 charge:1
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ALC COMMUNICATIONS CORP <ALCC> 1986 LOSS
Shr loss 4.63 vs loss 2.43
Net loss 60,780,000 vs loss 28,898,000
Rev 499.7 mln vs 432.1 mln
NOTE: 1986 net includes loss of 49.9 mln dlrs for
restructuring charges.
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training/8487
|
training/8487 |@title lesco:1 inc:1 lsco:1 1st:1 qtr:1 feb:1 28:1 loss:1 |@word shr:1 loss:2 24:1 ct:2 vs:3 profit:2 three:1 net:1 982:1 779:1 104:1 418:1 rev:1 11:1 2:1 mln:2 12:1 3:1
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LESCO INC <LSCO> 1ST QTR FEB 28 LOSS
Shr loss 24 cts vs profit three cts
Net loss 982,779 vs profit 104,418
Revs 11.2 mln vs 12.3 mln
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