title stringlengths 0 135 | body stringlengths 0 6.43k |
|---|---|
GPU <GPU> SEES TMI-2 FUEL PROBLEMS RESOLVED | General Public Utilities Corp
said the water-clarity problem delaying the removal of fuel
from the damaged Unit Two of the Three Mile Island nuclear
power plant appears to have been resolved.
The company said the slower than expected removal of the
fuel, which has been primarily due to the water-clarity
problems, i... |
ECHLIN<ECH> EXPECTS CONTINUED PROFIT GROWTH | Echlin Inc said it expects
further earnings increases for the second half of fiscal 1987
ending in August due to unit sales growth and improved
operations.
"As expected, market conditions have improved so that
demand for automotive replacement parts is gradually and
steadily expanding," Echlin president Frederick M... |
ATT <T> COST-CUTTING EFFORTS ON TARGET | American Telephone and Telegraph Co
chairman James E. Olson said he is very pleased with the
company's efforts so far to cut costs.
He told a meeting of securities analysts that, although the
company is not yet at point in its cost-cutting drive to
improve profit margins, it is "on the right track."
Olson said ... |
HUDSON'S BAY WRITEOFF MAINLY DUE TO DOME STAKE | <Hudson's Bay Co> said a writeoff of
40.4 mln dlrs, or 1.39 dlrs per share, that it took in 1986 was
mainly due to its investment in Dome Petroleum Ltd <DMP>.
The company reported an operating profit of 33.0 mln dlrs,
or 32 cts per share, for fiscal 1986, compared to an operating
loss of 9,055,000 dlrs, or 1.23 dl... |
CREDIT LYONNAIS SIGNS USSR JOINT VENTURE PACT | French bank Credit Lyonnais said it
signed a protocol of agreement with the Soviet Union to
establish a joint financial group to help set up and finance
joint ventures between the Soviet Union and western firms.
It said in a statement it signed the agreement here with
the Soviet central bank (Gosbank) and foreign t... |
SEC HEAD NOMINATED U.S. AMBASSADOR TO NETHERLANDS | President Reagan is to nominate John
Shad, chairman of the Securities and Exchange Commission, SEC,
as ambassador to the Netherlands, the White House said today.
Shad, 63, a former executive with the Wall Street firm of
E.F. Hutton and Co., would succeed L. Paul Bremer, now the
State Department's chief counter-terr... |
JAPAN OPENS HOME MARKET TO U.S. FISH | Japan has agreed to drop barriers to
American-caught herring and pollock, opening the way for
shipments that could reach 300 mln dlrs annually, U.S. Trade
Representative Clayton Yeutter announced.
Yeutter said the accord was reached after extensive
bilateral negotiations that ended earlier today in Tokyo.
He sa... |
FIRST UNION <FUNC> BANKS ELECTRONICALLY LINKED | First Union National Bank of
Florida, a unit of First Union Corp, said it has electronically
linked its Florida and North Carolina 24-hour banking machines.
The bank said the service, which starts April 15, will let
First Union customers make withdrawals and balance inquiries at
any of its locations in Florida and ... |
REAGAN WILL NOMINATE SEC CHAIRMAN SHAD AS AMBASSADOR TO NETHERLANDS
| |
AMERICAN EXPRESS SAID IT GETS SEC SUBPOENA ON DEALINGS WITH FIREMAN'S FUND, AMERICAN EXPRESS
| |
SHEARSON LEHMAN GETS SEC SUBPOENA ON TRANSACTIONS WITH JEFFERIES AND OTHERS
| |
FIRST FINANCIAL <FFMC> ACQUIRES TEL-A-DATA | First Financial Management Corp said it
acquired the data processing contracts and certain related
assets of Tel-A-Data L.P. for about 5.7 mln dlrs cash plus the
assumption of certain liabilities of about 2.5 mln dlrs.
Tel-A-Data serves about 50 bank and thrift institutions
through a processing center in Lombard, I... |
MCM CORP <MCMC> SETS QUARTERLY | Qtly div six cts vs six cts prior
Pay April 10
Record March 31
Reuter
|
THACKERAY CORP <THK> YEAR LOSS | Oper shr loss 22 cts vs loss 20 cts
Oper net profit 1,013,000 vs profit
2,219,000
Sales 77.0 mln vs 74.0 mln
Avg shrs 5,107,401 vs 5,361,793
Reuter
|
U.S. FEB BUDGET DEFICIT 28.37 BILLION DLRS VS YEAR AGO DEFICIT 24.58 BILLION
| |
GENISCO TECHNOLOGY <GES> UNIT SETS PACT | Genisco Technology Corp's
Genisco Peripheral Systems unit said it set a pact with
Westward Technology Ltd, based in England, to exchange
technology efforts and grant mutual distribution rights to a
variety of computer graphics products.
Under the pact, Westard and Genisco will sell both
companies' graphics products... |
CONCERN OVER "EL NINO" IN PERU - USDA REPORT | There are heightened fears that "El
Nino" may be returning to Peru with an intensity approaching the
1983 disaster, which affected the weather on several continents
and caused widespread damage through floods and drought, the
U.S. Agriculture Department's officer in Lima said in a field
report.
Continued heavy rain... |
ALLIED-LYONS SEES SUBSTANTIAL SECOND HALF GROWTH | <Allied-Lyons PLC> will report
substantial growth in the second half of fiscal 1987 ended
March 7, chairman Derrick Holden-Brown said in answer to
reporters' queries.
"You will certainly see substantial growth in Allied-Lyons
in the second half," Holden-Brown said following a presentation
to Toronto securities anal... |
FIRST INTERSTATE BANCORP FILES SHELF REGISTRATION FOR 1.5 BILLION DLRS IN DEBT SECURITIES
| |
U.S. FROZEN ORANGE JUICE STOCKS - MARCH 1 102,618,000 GALLONS VS 97,111,000 YEAR AGO
| |
U.S. COLD STORAGE STOCKS - MARCH 1 FROZEN PORK BELLIES - LBS - 34,471,000, VS A REVISED 34,900,000 ON FEB 1 AND 51,218,000 A YEAR AGO.
| |
<DRYCLEAN USA> YEAR NET | Shr 82 cts vs 63 cts
Net 1,661,000 vs 1,251,000
Revs 14.8 mln vs 11.6 mln
Reuter
|
U.S. BUDGET DEFICIT 28.37 BILLION DLRS IN FEB | The U.S. budget was in deficit 28.37
billion dlrs in February, up from a deficit of 24.58 billion
dlrs in February, 1986, the Treasury Department said.
Last month's deficit compared with a January deficit of
2.17 billion dlrs. For the fiscal year to date, the budget was
in deficit by 93.92 billion dlrs, compared wi... |
COLD STORAGE REPORT FOR BELLIES NEUTRAL/NEGATIVE | Chicago Mercantile Exchange floor
traders' immediate reaction to the cold storage report for pork
bellies was neutral to slightly negative.
Frozen pork belly stocks at 34.5 mln lbs on March 1
compared with a revised 34.9 mln lbs on February 1 for a net
out movement of 0.5 mln lbs.
The number on hand compared wi... |
AMERICAN EXPRESS <AXP> AND UNIT GET SUBPOENAS | American Express Co said it was
subpoenaed by the Securities and Exchange Commission in
connection with documents on transactions in securities of
American Express and its former unit, Fireman's Fund.
American Express said its brokerage unit, Shearson Lehman
Brothers Inc was also served with a subpoena. Shearson ac... |
S/P UPGRADES AMERICAN SECURITY <ASEC> AND UNIT | Standard and Poor's Corp said it
raised to A-1 from A-2 American Security Corp's commercial
paper.
S and P also upgraded, to A and A-1 from BBB-plus and A-2
respectively, the certificates of deposit of American
Security's lead bank, American Security Bank N.A.
The rating agency said the actions reflected the fi... |
BALLY <BLY> SEEN SELLING OFF HEALTH UNIT | Bally Manufacturing Corp's proposed
public offering of 24 pct of its Health and Tennis Corp unit is
seen as the first step towards the sale of the entire unit,
analysts said.
"In the longer-term horizon, Bally wants to concentrate on
its gaming businesses," said analyst Dennis Forst of Seidler
Amdec Securities Inc.... |
COMMERCIAL CREDIT <CCC> UNIT SELLS DIVISION | Commercial Credit Co said its
American Health and Life Insurance Co sold its ordinary life
insurance business to American National Insurance Co <ANAT>.
American National will assume the business no later than
August 31, 1987, Commercial Credit said.
The sale is part of a restructuring program begun by
Commercia... |
MORGAN STANLEY SAYS IT ENTERED MARKET ON CLOSE ORDERS TOTALING 1.1 BILLION DLRS
| |
DELTA SAYS COURT ORDER WILL NOT DELAY MERGER | Delta Air Lines <DAL> said a court
order requiring Western Air Lines <WAL> to arbitrate with two
of its unions will not delay the April 1 merger between the two
airlines.
The order, which was issued by the Ninth Circuit Court of
Appeals, requires Western to discuss with its two unions
whether Western's labor contra... |
OKC <OKC> SAYS APPEALS COURT UPHOLDS RULING | OKC Limited Partnership said the Fifth
Circuit U.S. Court of Appeals has affirmed a partial summary
judgment renedered against it and for Phillips Petroleum Co <P>
by the U.S. District Court for the Eastern District of
Louisiana. OKC said it plans to seek a rehearing.
The company said Phillips is due 21.5 mln dlrs ... |
CENTRUST SAVINGS <DLP> TO RECAPITALIZE STOCK | Centrust Savings Bank said it will
recapitalize its common stock at the close of business today,
converting each share of outstanding common into 0.5 share of
common and 0.5 share of series one participating stock.
Centrust said its shareholders previously approved the
recapitalization at a meeting held on February... |
BANKS HAD EXCESS POSITIONS WITH VW - NEWSLETTER | A financial newsletter which reported
last November that car maker Volkswagen AG <VOWG.F> lost large
sums in currency transactions alleged that unnamed banks had
circumvented banking regulations with help from VW's foreign
exchange department.
VW had no immediate comment and there was nothing in the
report by the n... |
ANALYST SAYS USSR WINTER GRAINS HURT BY WEATHER | The Soviet Union's winter grain
crop is likely to have suffered losses due to dry planting
conditions last fall and severe cold this winter, an analyst of
world weather and crop conditions said.
Grain analyst and meteorologist Gail Martell, author of the
EF Hutton publication "Global Crop News," said in her latest
... |
INTEGRATED GENERICS <IGN> MAY SELL 10 PCT OF UNIT | Integrated Generics Inc said it
is discussing with an unnamed pharmaceutical distributor the
sale of 10 pct of its A.N.D.A. Development Corp subsidiary for
200,000 dlrs.
Integrated said its subsidiary, Biopharmaceutics, is
negotiating with the same unnamed distributor to sell it five
prescription drugs.
The com... |
MORGAN STANLEY <MS> HAS MARKET-ON-CLOSE ORDERS | Morgan Stanley and Co <MS> said it
entered market-on-close orders totaling 1.1 billion dlrs for
stocks in the Major Market Index and Standard and Poor's 500
stock index.
Morgan Stanley said its orders were entered in accordance
with Securities and Exchange Commission and New York Stock
Exchange requirements. The fi... |
MEXICO'S RESERVES REACH EIGHT BILLION DLRS | Additional capital inflows of 1.5
billion dlrs so far this year have boosted Mexico's reserves to
about eight billion dlrs, director of public credit Angel
Gurria told reporters.
Money has been coming back to Mexico because of improved
investor confidence and because a tight monetray policy has
forced credit-starve... |
FIRST INTERSTATE BANCORP <I> FILES DEBT OFFER | First Interstate Bancorp said it
has filed a shelf registration with the Securities and Exchange
Commission for up to 1.50 billion dlrs principal amount of its
debt securities.
The filing consists of 1.00 billion dlrs of senior debt
securities and 500 mln dlrs of subordinated debt securities,
including capital secu... |
NAVISTAR <NAV> UP ON HIGHER EARNINGS OPINION | Navistar International Corp's stock
rose after brokerage house Sanford C. Bernstein and Co raised
its earnings estimate of the company based on expectations of
better truck orders and truck tonnage, traders said.
Navistar led the active list with a gain of 1/4 to 7-1/4 on
volume of 4.2 mln shares.
Traders famil... |
ICN PHARMACEUTICALS <ICN> SEEKING ACQUISITION | ICN Pharmaceuticals Inc has
about 500 mln dlrs in cash and another 1.50 billion dlrs in
available credit, which it intends to use to buy a
pharmaceutical company, Chairman Milan Panic said.
At the company's annual meeting, he said an acquisition
could take place in the next 24 months.
"The company has nearly t... |
CANADA COMMITTEE SEEKS LOWER CREDIT CARD RATES | The all-party House of Commons Finance
Committee has unanimously called for a "substantial" cut in
credit card interest rates charged by banks and other financial
institutions.
In a report, the committee recommended that if action is
not taken soon, the government should investigate whether there
is "anti-competiti... |
JUSTIN INDUSTRIES INC <JSTN> SETS DIVIDEND | Qtly div 10 cts vs 10 cts prior
Pay April 10
Record March 27
Reuter
|
U.S. EXPORTERS REPORT 150,000 TONNES CORN CORN SWITCHED FROM UNKNOWN TO USSR FOR 1986/87
| |
BOEING <BA> WINS NASA CONTRACT | Boeing Co said the National
Aeronautics and Space Administration has selected Boeing to
operate its computational mission services at the Marshall
Space Flight Center in Huntsville.
Boeing said it will provide NASA engineers and scientists
with management, personnel, equipment, materials and services
to aid the ope... |
SECURITY PACIFIC <SPC> UNIT OFFERS CERTIFICATES | Security Pacific Corp's Security
Pacific Merchant Bank said acting as lead manager it has
offered 270 mln dlrs in 30-year and 35 mln dlrs in 15-year
mortgage pass-through certificates.
The offering is the second this year under an 800-mln-dlr
shelf registration. The first was for 310 mln dlrs.
The mortgages wer... |
MERRY LAND AND INVESTMENT <MERY> TO OFFER STOCK | Merry Land and Investment Co Inc
said it will offer two million shares of common stock for sale.
Merry Land said it filed a registration statement with the
Security and Exchange Commission. It also said the sale will be
offered through an underwriting group managed by <Johnson,
Lane, Space, Smith and Co Inc>, and I... |
BANKS OF IOWA <BIOW> PRIVATELY PLACES STOCK | Banks of Iowa Inc <biow> said
it has sold 254,608 common shares at 51.50 dlrs each to a group
of institutional investors through a private placement.
In connection with the stock sale, the company said, it
reserved the right to sell privately up to an additional
133,741 common shares at the same price before March ... |
SCHOLASTIC INC <SCHL> 3RD QTR FEB 28 NET | Shr 1.55 dlrs vs 70 cts
Net 3,409,000 vs 1,455,000
Rev 54.1 mln vs 45.3 mln
Nine months
Shr 1.60 dlrs vs 10 cts
Net 3,517,000 vs 211,000
Rev 144.4 mln vs 127.0 mln
NOTE: Qtr net includes extraordinary gain of 1.2 mln dlrs,
versus 155,000 dlrs for fiscal 1986's third quarter, and a
non-recurr... |
KLEINWORT BENSON <KBA> UNIT SETS FIRST DIVIDEND | Kleinwort Benson International
Investment Ltd's subsidiary, Kleinwort Benson Australian Income
Fund, a closed end management investment company, declared its
first quarterly dividend of 36.5 cts payable April 16 to
shareholders of record April 1.
Reuter
|
G-10 FINANCE OFFICIALS DISCUSS DEBT, CURRENCIES | Deputy Finance Ministers from the Group
of 10 leading western industrialised countries met here to
discuss the world debt crisis, trade imbalances and currency
stability today following last month's Paris monetary accord,
sources close to the talks said.
The officials met at the offices of the International
Monetar... |
CCC GUARANTEES TO TURKEY SWITCHED TO MEALS-USDA | The Commodity Credit Corporation,
CCC, has reallocated 15.0 mln dlrs in credit guarantees to
Turkey previously earmarked for sales of U.S. oilseeds to
provide coverage for sales of U.S. protein meals in fiscal year
1987, the U.S. Agriculture Department said.
The department said the action reduces the guarantee line... |
EC AGREES TO REDUCE DIESEL EXHAUST EMISSIONS | The European Community (EC) agreed on
new rules to cut diesel exhaust emissions from trucks and buses
in an attempt to reduce air pollution threatening vast
stretches of the region's forests.
Diplomats said EC environment ministers meeting here agreed
member states would have to reduce by 20 pct over the next few
y... |
VERNITRON CORP <VRN> 4TH QTR AND YEAR LOSS | Oper shr loss 49 cts vs loss 10 cts
Oper net loss 3,014,000 vs loss 656,000
Revs 22.7 mln vs 23.6 mln
12 mths
Oper shr loss 19 cts vs profit 40 cts
Oper net loss 1,142,000 vs profit 2,476,000
Revs 93.3 mln vs 99.0 mln
NOTE: qtr 1986 and prior qtr excludes loss discontinued
operations 2,441,0... |
GOODY PRODUCTS INC <GOOD> YEAR END OPER NET | Oper shr 1.21 vs 88 cts
Oper net 7,767,000 vs 5,494,000
Revs 163.7 mln vs 133.5 mln
NOTE: 1986 and 1985 oper net excludes a loss of 1,332,000
dlrs and a profit of 319,000 dlrs, respectively, for
discontinued operations.
Earnings per shr are restated to reflect 3-for-2 stock
split effective July one, 198... |
VMS MORTGAGE INVESTORS L.P. <VMLPZ> MONTLY DIV | DIst nine cts vs nine cts prior
Payable May 14
Record April one
Reuter
|
PEPS BOYS-MANNY, MOE AND JACK <PBY> SET PAYOUT | Qtly div 5.5 cts vs 5.5 cts prior
Pay April 27
Record April one.
Reuter
|
CCC ACCEPTS EXPORT BONUS ON SEMOLINA TO EGYPT | The Commodity Credit Corporation,
CCC, has accepted a bid for an export bonus to cover a sale of
6,000 tonnes of semolina to Egypt, the U.S. Agriculture
Department said.
The department said the semolina is for shipment
April-October, 1987, and the bonus awarded was 224.87 dlrs per
tonne.
The bonus was made to I... |
VMS MORTGAGE INVESTORS <VMTGZ> RAISES PAYOUT | VMS Mortgage Investors LP II said it
raised its first quarter 1987 cash dividend to 21 cts from 20
cts the prior quarter payable May 14, 1987, to shareholders of
record April One, 1987.
Reuter
|
REGENCY CRUISES <SHIP> SELLS SHIP INTEREST | Regency Cruises Inc said it agreed to
sell a 40 pct interest in the corporation that owns the M/V
Regent Sea cruise ship for 2.1 mln dlrs to Monmouth
International SA, which owns the other 60 pct.
The company said it also extended a 1.7 mln dlr secured
loan to Monmouth to finance completion of the renovation of
ano... |
CANADIAN MANUFACTURING SHIPMENTS FALL IN MONTH | Shipments of products by Canadian
manufacturers declined by 1.5 pct in January to 21.08 billion
dlrs, seasonally adjusted, led by a slowdown in transportation
equipment, Statistics Canada said.
In December orders rose 2.8 pct.
The federal agency said new orders fell 4.0 pct following a
4.5 pct increase in Decem... |
FREIGHT, INSURANCE PROPOSED FOR CCC SALES - USDA | the U.S. Agriculture Department is
proposing to permit coverage of freight cost and marine and war
risk insurance for sales of all agricultural commodities sold
on credit terms under the Commodity Credit Corporation's, CCC,
credit guarantee programs.
The proposal only applies to commodities that are sold by
export... |
CCC ACCEPTS EXPORT BONUS FOR CATTLE TO EGYPT | The U.S. Commodity Credit
Corporation (CCC) has accepted a bid for an export bonus to
cover a sale of 186 head of dairy cattle to Egypt, the U.S.
Agriculture Department said.
The department said the cattle are for delivery May 7-June
7, 1987, and the bonus awarded was 1,888.06 dlrs per head.
The bonus was made ... |
CLARK EQUIPMENT <CKL> BUYS 1.3 MLN SHARES | Clark Equipment Co said it has
purchased 1,339,000 shares of its common stock from an investor
group led by Arthur M. Goldberg for 26.375 dlrs a share.
It said the purchase reduces the number of shares of Clark
common stock to be purchased under its stock repurchase plan
announced March 10. At the time the company ... |
YANKEE COS <YNK> UNIT TO SELL ASSSETS | Yankee Cos Inc's Eskey Inc <ESK>
subsidiary said it reached an agreement in principle to sell
its Eskey's Yale E. Key Inc subsidiary to a new concern formed
by Key's management and a private investor for about 15.5 mln
dlrs.
As part of sale, Eskey said the buyers will assume the 14.5
mln dlrs of publicly held Eskey... |
COURT APPROVES LTV <QLTV> BANK CREDIT AGREEMENT | LTV Corp said a credit agreement between
the company and its 22-member bank group has been approved by
the U.S. Bankruptcy Court for the Southern District of New
York.
The company said the agreement provides an additional 100
mln dlrs of credit that may be borrowed by the company or used
to cover the issuance of ne... |
WENDY'S <WEN> DECLNES COMMENT ON MARKET RUMORS | Wendy's International Inc declined to
comment on vague rumors by traders that it might be a takeover
target.
Wendy's is currently trading up one at 11-3/4 on turnover
of more than 1.6 mln shares.
A Wendy's spokesman said it was corporate policy not to
comment on market rumors.
He further declined to attribu... |
GOODY <GOOD> TO SELL UNIT TO UNION CAMP <UCC> | Goody Products Inc said it entered
into an agreement to sell its J. and P.B. Myers packaging
business to Union Camp Corp to focus on its consumer products
and automated distribution system businesses.
Terms of the agreement were not disclosed.
Reuter
|
CHAMPION PARTS<CREB> ASKS DECLARATORY JUDGMENT | Champion Parts Rebuilders Inc
said it asked the Federal District Court in Chicago for a
declaratory judgment upholding its recent 5.4 mln dlr sale of
common shares and warrants to Echlin Inc <ECH>.
Champion said in hearings Thursday morning before the
federal judge on its lawsuit charging federal securities law
vio... |
CYACQ RAISES OFFER FOR CYCLOPS TO 92.50 DLRS/SHARE FROM 80 DLRS
| |
GREAT COUNTRY BANK <GCBK> 3RD QTR NET | Qtr ends Feb 28
Shr 53 cts vs N/A
Net 1,165,000 vs 575,000
Nine mths
Shr 1.54 dlrs vs N/A
Net 3,363,000 vs 1,535,000
Assets 375.2 mln vs 320.7 mln
Deposits 313.8 mln vs 264.2 mln
Loans 286.3 mln vs 235.9 mln
NOTE: earnings per share data not presented for 1986 as
Great Country Bank c... |
U.S. BUSINESS LOANS FALL 660 MLN DLRS IN MARCH 11 WEEK, FED SAYS
| |
EC AGREES REDUCTION OF DIESEL EXHAUST EMISSIONS | The European Community (EC) agreed
tough new rules to cut diesel exhaust emissions from trucks and
buses in an attempt to reduce air pollution threatening vast
stretches of the region's forests.
Diplomats said EC environment ministers meeting here agreed
member states would have to reduce by 20 pct over the next fe... |
PROPOSED OFFERINGS RECENTLY FILED WITH THE SEC | The following proposed securities
offerings were filed recently with the Securities and Exchange
Commission:
Weyerhaeuser Co <WY> - Offering of four mln shares of
convertible exchangeable preference shares through Morgan
Stanley and Co Inc.
Kansas City Power and Light Co <KLT> - Shelf offering of up
to 100 mln ... |
MARCUS <MRCS> VOTES 50 PCT STOCK DIVIDEND | Marcus Corp said its board
voted a 50 pct stock dividend to be distributed May 1, record
April 15.
It said the dividend applies equally to holders of its
common stock and Class B common.
Reuter
|
VMS MORTGAGE <VMTGZ> CASH DISTRIBUTION RISES | VMS Mortgage Investors L.P. II said it
declared a first-quarter 1987 cash distribution of 21 cts a
depositary unit, up five pct from the prior quarter.
It said the distribution will be payable May 14, record
January 1.
Reuter
|
PICO <PPI>, ANIXTER GET TELE-COMM <TCOM> ORDER | Pico Products Inc and <Anixter
Communications> jointly announced that they received a purchase
order from Tele-Communications Inc, for pay TV security
products to be included in Tele-Comm's on-site control systems.
Terms were not disclosed.
Reuter
|
AUDIO/VIDEO <AVA>SWEETENS BID FOR CYCLOPS <CYL> | An investment group led by
Audio/Video Affiliates Inc said it raised its tender offer to
acquire Cyclops Corp to 92.50 dlrs a share from 80 dlrs a
share.
The group, Cyacq Acquisition Corp, also said it extended
the offer until April three, from March 20.
The group said it added several conditions to its offer,
... |
MOODY'S DOWNGRADES BAKER INTERNATIONAL AND UPGRADES HUGHES TOOL
| |
EMERALD HOMES <EHP> SETS INITIAL DISTRIBUTION | Emerald Homes L.P. said its
general partners declared an initial 30-ct per unit
distribution payable May 15 to unitholders of record March 31.
Emerald made its initial public offering February 6.
Reuter
|
U.S. BUSINESS LOANS FALL 660 MLN DLRS | Business loans on the books of major
U.S. banks, excluding acceptances, fell 660 mln dlrs to 277.93
billion dlrs in the week ended March 11, the Federal Reserve
Board said.
The Fed said that business loans including acceptances
declined 492 mln dlrs to 280.56 billion dlrs.
Reuter
|
TEXAS CAPITAL BANCSHARES UNIT FIRST TO FILE | <Texas Capital Bancshares> said its
subsidiary, Texas Capital Bank-Westwood, was the first Texas
bank to file for a statewide branch to be located in Austin.
The company said it filed with the Comptroller of the
Currency under a 1986 state constitutional amendment allowing
Texas banks to establish a limit of three ... |
WATER SPORTS NETWORK BUYS DEBT FROM NTN | <Water Sports Network> said it
purchased 750,000 dlrs in convertible debentures from <NTN
Communications Inc>.
The companies said they are exploring ways to mutually
market the programs and properties of each company.
Reuter
|
JEFFERIES MAKES MARKET IN CYCLOPS <CYL> | Jefferies and Co said it is making a
market in the stock of Cyclops Corp at 92-1/2 to 95.
Cyclops received a sweetened offer of 92.50 dlrs per share
from Cyacq Acquisition Corp, led by Audio/Video Affiliates Inc
<AVA>.
Reuter
|
BEI <BEIH> ACQUIRES IVEY-ROWTON AND ASSOCIATES | BEI Holdings Ltd said it acquired
Ivey-Rowton and Associates, a Nashville, Tenn.-based bank
marketing firm.
Terms were not disclosed.
Reuter
|
LAC MINERALS <LAC> TO CLOSE LAKE SHORE MINE | LAC Minerals Ltd said it will suspend
underground mining and exploration at its Lake Shore Mine at
Kirkland Lake, Ontario, on April 30, pending results of a
surface exploration drilling program.
LAC said it does not expect the decision to affect
earnings, but 44 employees will be affected.
The company said it h... |
MULTI SOLUTIONS <MULT> UNIT ADDS CAPABILITY | Multi Solutions Inc's Multi Soft
Inc <MSOF> announced Version 3.0 of Super-Link, its application
development system for building cooperative peer-to-peer
applications under CICS, TSO, VM/CMS and IDMS-DC.
The release adds two new components to the Super-Link
system and provides enhanced features and support for
appl... |
SOUTHERN HOME SAVINGS BANK <SHSB> YEAR NET | Shr 1.86 dlrs vs 1.85 dlrs
Net 1,923,304 vs 1,897,998
Reuter
|
SUPER VALU <SVU> SETS LOWER CAPITAL SPENDING | Super Valu Stores Inc said its
capital budget for the fiscal year beginning March One is 330
mln dlrs.
It said it spent 363.7 mln dlrs last year, primarily
because the previous year's budget included funding for such
major projects as completely new distribution centers.
It said the current budget provides for ... |
SALOMON BROS SAID IT WAS SUBPOENAED BY SEC REGARDING FIREMAN'S FUND, AMERICAN EXPRESS
| |
BINKS MFG CO <BIN> REGULAR DIVIDEND SET | Qtly div 25 cts vs 25 cts previously
Pay April 17
Record March 30
Reuter
|
FIRM SELLS ENTIRE ALLEGHENY INT'L <AG> STAKE | Southeastern Asset Management Inc
and its two controlling shareholders said they sold their
entire 5.6 pct stake in Allegheny International Inc.
In a filing with the Securities and Exchange Commission,
Southeastern, a Memphis, Tenn. investment advisor, said it sold
the entire 604,000-share stake between March 13 an... |
JAPANESE FIRM HAS 10.7 PCT OF SHELDAUL <SHEL> | Sumitomo Bakelite Co Ltd, a Japanese
company, told the Securities and Exchange Commission it has
acquired 325,000 shares of Sheldahl Inc, or 10.7 pct of the
total outstanding common stock.
Sumitomo Bakelite said it bought the stock for 4.9 mln dlrs
for investment purposes.
Under an between Sumitomo Bakelite and... |
COMMONWEALTH EDISON CO <CWE> 12 MONTHS NET | Period ended Feb 28
Shr 4.66 dlrs vs 4.40 dlrs
Net 1,048,884,000 vs 959,626,000
Revs 5.43 billion vs 5.04 billion
Avg shrs 200,242,000 vs 191,840,000
NOTE: Per-share earnings reflect payment of preferred
dividend requirements
Reuter
|
LATIN NATIONS CALL FOR ECONOMIC CO-OPERATION | Representatives from 26 Latin American
countries ended a United Nations trade meeting here today with
a call for greater economic integration between developing and
industrialised countries.
"(We) urge the international community to recognise the ...
difficulties which confront the region," a statement released by
... |
MOODY'S CUTS BAKER <BKO>, UPGRADES HUGHES <HT> | Moody's Investors Service Inc said it
downgraded the debt ratings of Baker International Corp and
upgraded Hughes Tool Co's debt.
The actions affect a combined 662 mln dlrs of securities.
Moody's said the anticipated merger of Baker and Hughes
Tool into Baker Hughes Inc would result in increased financial
lever... |
JOHN HANCOCK UNITS DUMP STAKE IN PRICE <PR> | Subsidiaries of John Hancock Mutual
Life Insurance Co told the Securities and Exchange Commission
they sold their entire 13.1 pct stake in Price Communications
Corp back to the company.
The Hancock subsidiaries said they sold their entire
1,627,603-share stake in Price Communications to the company
for 11 dlrs a sh... |
AMERICAN ELECTRIC <AEP> UNIT TO BUY BACK BONDS | Ohio Power Co, a unit of American
Electric Power Co, said it will redeem 34.4 mln dlrs of its
first mortgage bonds on June one.
It will buy back at par 33 mln dlrs of its outstanding 10
pct bonds of 2016 and 1.4 mln dlrs of its outstanding 12-7/8
pct bonds due 2013. Also, the utility will pay accrued interest
for t... |
SALOMON INC <SB> SAID IT RECEIVED SUBPOENA | Salomon Inc's Salomon Brothers unit
said the Securities and Exchange Commission subpoenaed its
records with respect to Fireman's Fund Corp, American Express
Co, Shearson Lehman Brothers Inc, Jefferies and Co and others.
Salomon brothers co-managed a public offering by American
Express of Fireman's Fund securities. ... |
NIAGARA MOHAWK <NMK> TO CUT COSTS | Niagara Mohawk Corp said it is
"cautiously optimistic" about results improvements for 1987 and
said it is studying measures to cut operating costs.
These measures include freezing management salaries,
abolishing vacant positions and reducing overtime.
A spokesman said the company had no current plans to lay
off... |
Subsets and Splits
No community queries yet
The top public SQL queries from the community will appear here once available.