text
stringlengths 1
593
⌀ | label
float64 0
3
|
|---|---|
The company's stock fell $1.125 to $13.625 in over-the-counter trading yesterday.
| 1 |
Elco Industries Inc. said it expects net income in the year ending June 30, 1990, to fall below a recent analyst's estimate of $1.65 a share.
| 2 |
The truck maker said the significant drop in net income will result in lower earnings for the fiscal year.
| 0 |
In fiscal 1988, the company earned $17.3 million, or $1.92 a share, on revenue of $352.9 million.
| 0 |
Oshkosh Truck attributed the downturn in its earnings to higher start-up costs of its new chassis division, a softer motor-home market and higher administrative costs of compliance with government contractor regulations.
| 3 |
Oshkosh Truck Corp., Oshkosh, Wis., estimated earnings for its fourth quarter ended Sept. 30 fell 50% to 75% below the year-earlier $4.5 million, or 51 cents a share.
| 0 |
The company said it is in the process of phasing out John Deere, its current source of production for midsized motor home chassis.
| 0 |
In anticipation of the start-up of its new factory, the company said a larger-than-normal chassis supply has been built to carry it through the transition period.
| 3 |
The year-ago results included a $415 million charge in the 1988 second quarter for underperforming real estate and mortgage loans.
| 3 |
Net advanced to $94.2 million, or 89 cents a share, from $85 million, or 83 cents a share, including net realized investment gains of $31 million, up from $10 million a year ago.
| 3 |
But revenue declined to $3 billion from $3.2 billion.
| 2 |
Travelers estimated that the California earthquake last month will result in a fourth-quarter pre-tax charge of less than $10 million.
| 3 |
Travelers Corp. 's third-quarter net income rose 11%, even though claims stemming from Hurricane Hugo reduced results $40 million.
| 1 |
The insurer's earnings from commercial property/casualty lines fell 59% in the latest quarter, while it lost $7.2 million in its personal property/casualty business, compared with earnings of $6.1 million a year ago.
| 2 |
Travelers's employee benefits group, which includes its group health insurance operations, posted earnings of $24 million, compared with a loss of $3 million last year.
| 2 |
In the first nine months, net was $306 million, compared with a loss of $195 million in the 1988 period.
| 3 |
Primerica, which had owned nearly 70% of Williams, will pay about 16.7 million shares, currently valued at almost $472 million, for the rest of Williams.
| 1 |
The financial-services company will pay 0.82 share for each Williams share.
| 3 |
A.L. Williams Corp. was merged into Primerica Corp., New York, after a special meeting of Williams shareholders cleared the transaction, the companies said.
| 2 |
Williams, Duluth, Ga., is an insurance and financial-services holding company.
| 0 |
Its subsidiaries' services are marketed by closely held A.L. Williams & Associates.
| 0 |
Primerica, as expected, also acquired certain assets of the agency and assumed certain of its liabilities.
| 0 |
Terms weren't disclosed.
| 1 |
But Mr. Ackerman said the buy-back, and the above-market price paid, prove that Mr. Edelman is running scared.
| 2 |
Mr. Ackerman already is seeking to oust Mr. Edelman as chairman of Datapoint Corp., an Intelogic affiliate.
| 3 |
The action followed by one day an Intelogic announcement that it will retain an investment banker to explore alternatives "to maximize shareholder value," including the possible sale of the company.
| 3 |
Intelogic Trace Inc., San Antonio, Texas, said it bought 2.7 million shares, or about 18%, of its common stock from an unaffiliated shareholder for $3.625 a share, or $9.9 million.
| 0 |
"to maximize shareholder value,"
| 3 |
Mr. Edelman declined to specify what prompted the recent moves, saying they are meant only to benefit shareholders when "the company is on a roll."
| 0 |
"the company is on a roll."
| 2 |
He added, "This has nothing to do with Marty Ackerman and it is not designed, particularly, to take the company private."
| 3 |
"This has nothing to do with Marty Ackerman and it is not designed, particularly, to take the company private."
| 0 |
The offer, valued at about $576 million for the 33% of Telerate that Dow Jones doesn't already own, had been set to expire Nov. 6.
| 0 |
Dow Jones, which owns about 64 million of Telerate's 95 million common shares outstanding, said that about 24,000 shares have been tendered under its offer.
| 3 |
In composite trading on the New York Stock Exchange, Telerate shares closed at $19.50, up 12.5 cents.
| 3 |
Telerate provides an electronic financial information network.
| 3 |
Dow Jones publishes The Wall Street Journal, Barron's magazine, and community newspapers and operates financial news services and computer data bases.
| 0 |
Previously, it offered $13.65 a share in cash, or $29 million.
| 3 |
The El Paso, Texas, maker of Western boots and leather accessories said the preferred stock would accrue dividends at a 12% rate, but wouldn't be paid for the first two years.
| 1 |
Tony Lama Co. said that Equus Investment II Limited Partnership has proposed changing the offer for the company to $13.65 in cash and stock from an all-cash transaction.
| 1 |
The stock would be redeemed in five years, subject to terms of the surviving company's debt.
| 3 |
Neither Equus nor Tony Lama gave a reason for the changed offer and Tony Lama couldn't be reached for comment.
| 3 |
However, Tony Lama said it would promptly submit the offer to a special committee of the company's board.
| 1 |
"If I were choosing the people of tomorrow, I would have chosen the people who are now on the board,"
| 3 |
"If I were choosing the people of tomorrow, I would have chosen the people who are now on the board," he said.
| 0 |
A Reuters spokesman said the departure reflects "no change in strategy or profits."
| 2 |
"no change in strategy or profits."
| 1 |
Mark Shepperd, an analyst at UBS Phillips & Drew in London, said, "I suspect (the departure) will be fairly irrelevant for the company.
| 3 |
"I suspect (the departure) will be fairly irrelevant for the company.
| 0 |
On London's Stock Exchange, Reuters shares rose five pence to 913 pence ($14.43).
| 0 |
In the U.S. over-the-counter market, American depositary shares for Reuters, each representing three shares in the London market, closed unchanged at $43.875.
| 0 |
Mr. Reupke, 52 years old and a 27-year Reuters veteran, had been the information-services company's general manager for only six months.
| 2 |
The senior of the three executives who will assume Mr. Reupke's duties is Nigel Judah, 58, finance director and a Reuters board director.
| 1 |
Peter Holland, 45, deputy general manager, becomes director of corporate affairs.
| 3 |
His appointment to that post, which has senior administrative, staff and policy responsibilities, followed a several-year tenure as Reuters's editor in chief.
| 1 |
No successor was named, and Mr. Reupke's duties will be split among three other senior Reuters executives, the company said.
| 0 |
Reuters Holdings PLC said Michael Reupke resigned as general manager to pursue unspecified interests, a move the news organization termed an "amicable separation."
| 3 |
In a telephone interview, Mr. Reupke said his departure was for "personal reasons," which he declined to specify.
| 3 |
"personal reasons,"
| 2 |
"There is no business reason for my departure," nor any disagreement over policy, he added.
| 3 |
He also rejected reports that his departure stemmed from disappointment the general manager's post hadn't also led to a board directorship at the London-based news organization.
| 3 |
Mr. Reupke was one of three executives on Reuters's eight-person executive committee who didn't also serve on the company's board of directors.
| 0 |
20 its $45-a-share offer for all Dunkin' Donuts Inc.
| 2 |
shares outstanding.
| 1 |
The offer, which was due to expire yesterday, is conditional on 50.
| 0 |
, a partnership of Unicorp Canada Corp.
| 0 |
DD Acquisition has launched a suit in a Delaware court seeking the withdrawal of Dunkin's poison pill rights and employee stock ownership plans, which it claims were put in place to deter bidders.
| 0 |
DD Acquisition Corp.
| 3 |
2 million shares, or about 38.
| 3 |
's Kingsbridge Capital Group and Cara Operations Ltd.
| 0 |
5% of the shares outstanding, have been tendered under its offer.
| 0 |
The partners said they already hold 15% of all shares outstanding.
| 3 |
Dunkin' has set Nov.
| 0 |
Dunkin' is based in Randolph, Mass.
| 1 |
Cara, a food services chain operator and Unicorp, a holding company, are based in Toronto.
| 1 |
A spokesman for the Stamford, Conn.based company said operations had a loss of $5.5 million for the quarter; in addition, the loss was magnified by nonrecurring charges totaling $23.5 million and $8.2 million in asset-valuation adjustments that he described as "unusual."
| 0 |
"unusual."
| 0 |
The charges were partly offset by a $2 million gain on the sale of investments of two joint ventures, he said.
| 0 |
Savin Corp. reported a third-quarter net loss of $35.2 million, or 31 cents a share, compared with year-earlier profit of $3.8 million, or one cent a share.
| 2 |
Revenue declined 8% to $85.7 million, from $93.3 million a year earlier.
| 2 |
"a general softening in the demand for office products in the market segments in which Savin competes."
| 0 |
The Oklahoma City energy and defense concern said it will record a $7.5 million reserve for its defense group, including a $4.7 million charge related to problems under a fixed-price development contract and $2.8 million in overhead costs that won't be reimbursed.
| 0 |
In addition, Hadson said it will write off about $3.5 million in costs related to international exploration leases where exploration efforts have been unsuccessful.
| 0 |
The company also cited interest costs and amortization of goodwill as factors in the loss.
| 0 |
A year earlier, net income was $2.1 million, or six cents a share, on revenue of $169.9 million.
| 1 |
Heritage, which owns 51% of POP's 3.6 million shares outstanding, said it will exchange one share of a new preferred stock for each POP common share it doesn't already own.
| 3 |
Depending upon how many warrants and options are exercised prior to completion of the transaction, Heritage would issue between 1.8 million and 2.35 million preferred shares, a Heritage spokesman estimated.
| 3 |
In national over-the-counter trading yesterday, POP plunged $4 to $14.75.
| 2 |
The preferred stock, which would have a dividend rate of $1.76 a year, would be convertible into Heritage common at a rate of four common shares for each preferred.
| 0 |
New York-based POP Radio provides, through a national, in-store network, a customized music, information and advertising service which simulates live radio.
| 3 |
Heritage owns and operates television and radio stations and in-store advertising and promotion programs.
| 1 |
RMS distributes electronic devices and produces power supplies and plastic literature displays.
| 3 |
RMS said it had a loss of $158,666, or 10 cents a share, in the third quarter, compared with a year-earlier loss of $26,956, or two cents a share.
| 3 |
RMS International Inc., Hasbrouk Heights, N.J., facing a cash-flow squeeze, said it is seeking other financing sources and waivers from debenture holders.
| 2 |
Sales rose to $3 million from $2.9 million.
| 1 |
For the nine months, the company reported a net loss of $608,413, or 39 cents a share, compared with year-earlier net income of $967,809, or 62 cents a share.
| 2 |
Sales rose to $9.8 million from $8.9 million.
| 1 |
The McAlpine family, which operates a number of multinational companies, including a London-based engineering and construction company, also lent to Meridian National $500,000.
| 1 |
The loan may be extended by the McAlpine group for an additional year with an increase in the conversion price to $2.50 a share.
| 1 |
Meridian National Corp. said it sold 750,000 shares of its common stock to the McAlpine family interests, for $1 million, or $1.35 a share.
| 0 |
Subsets and Splits
No community queries yet
The top public SQL queries from the community will appear here once available.