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test/18660 | test/18660 |@title gillette:1 gs:1 get:1 offer:1 revlon:1 rev:1 |@word gillette:11 co:1 say:4 revlon:6 group:1 make:5 unsolicited:2 request:1 ask:1 board:2 allow:1 cash:1 offer:3 share:4 least:1 40:1 50:1 dlrs:1 per:1 consent:1 bid:1 require:1 standstill:2 agreement:2 move:1 stock:1 november:1 1986:1 subsequently:1 withdraw:1 sell:1 back:1 time:1 enter:1 director:1 regularly:1 schedule:1 meeting:2 afternoon:1 anticipate:1 statement:1 | GILLETTE <GS> GETS OFFER FROM REVLON <REV>
Gillette Co said Revlon Group made an
unsolicited request, asking the Gillette board to allow Revlon
to make a cash offer for all Gillette shares of at least 40.50
dlrs per share.
Gillette said consent for the bid is required under a
standstill agreement between Revlon and Gillette before Revlon
can make any move on Gillette's stock.
In November 1986, Revlon made an unsolicited offer for
Gillette shares, Gillette said.
Subsequently, Revlon withdrew its offer, sold back to
Gillette the shares it owned at that time and entered into the
standstill agreement.
The Gillette board of directors has a regularly scheduled
meeting this afternoon, and Gillette said it anticipates making
a statement after that meeting.
|
test/18663 | test/18663 |@title becor:1 western:1 bcw:1 talk:1 fourth:1 bidder:1 |@word becor:9 western:1 inc:3 say:6 talk:2 possible:2 fourth:1 bidder:2 company:3 also:1 lynch:5 corp:1 lgl:1 renew:1 offer:2 withdraw:1 last:1 week:1 expect:1 conclude:1 shortly:1 add:1 board:1 evaluate:1 exist:1 time:1 meantime:1 plan:1 today:1 adjourn:1 meeting:2 stockholder:1 june:1 30:1 call:3 act:1 merger:1 agreement:1 buyout:1 bcw:1 acquisitions:1 third:1 identify:1 suitor:1 davis:1 mining:1 manufacturing:1 fairfield:1 n:1 j:1 late:1 proposal:2 75:1 pct:4 stock:1 holder:2 retain:1 25:3 peviously:1 would:1 hold:1 receive:1 management:2 half:1 change:1 believe:1 need:1 guidance:1 term:1 financial:1 structuring:1 | BECOR WESTERN <BCW> TALKS TO FOURTH BIDDER
Becor Western Inc said it
is talking with a possible fourth bidder for the company.
The company also said Lynch Corp <LGL> has renewed its
offer for Becor which was withdrawn last week.
Talks with the possible bidder are expected to be concluded
shortly, Becor said, adding its board will evaluate all then
existing offers at that time.
In the meantime, the company said, it plans today to
adjourn further its meeting of stockholders to June 30. That
meeting was called to act on a merger agreement calling for a
buyout by BCW Acquisitions Inc.
The third identified Becor suitor is <Davis Mining and
Manufacturing Inc>.
In Fairfield, N.J., Lynch said its latest proposal calls
Lynch to own 75 pct of Becor's stock and Becor holders to
retain the other 25 pct.
Peviously, Lynch would have held about 25 pct, with Becor
holders receiving 25 pct and Becor management about half.
Lynch said the proposal was changed because it believes
Becor's management 'needs more guidance in terms of financial
structuring.
|
test/18664 | test/18664 |@title u:2 personal:2 income:2 rise:2 0:4 2:2 pct:4 may:2 spend:2 1:2 |@word | U.S. PERSONAL INCOME ROSE 0.2 PCT IN MAY, SPENDING UP 0.1
PCT
U.S. PERSONAL INCOME ROSE 0.2 PCT IN MAY, SPENDING UP 0.1
PCT
|
test/18665 | test/18665 |@title u:2 personal:1 income:1 rise:1 0:1 2:1 pct:1 may:1 |@word personal:4 income:5 rise:7 0:9 2:3 pct:7 7:3 9:1 billion:11 dlrs:10 may:6 seasonally:1 adjust:1 annual:1 rate:1 3:5 630:1 commerce:1 department:6 say:4 increase:3 follow:1 revised:1 4:1 april:8 previously:2 estimate:1 also:1 revise:1 march:1 report:1 consumption:1 expenditure:1 1:4 5:1 893:1 6:4 18:1 restrain:1 low:2 subsidy:2 payment:3 farmer:2 initial:1 newly:1 establish:1 retirement:1 fund:1 federal:1 government:1 employee:1 wage:1 salary:1 8:2 dlr:1 manufacturing:1 payroll:1 fall:2 11:1 decrease:1 due:1 farm:1 | U.S. PERSONAL INCOME ROSE 0.2 PCT IN MAY
U.S. personal income rose 0.2 pct, or
7.9 billion dlrs, in May to a seasonally adjusted annual rate
of 3,630.0 billion dlrs, the Commerce Department said.
The increase followed a revised 0.4 pct rise in April. The
department previously estimated April income rose 0.3 pct.
The department also revised up the March personal income
rise to 0.3 pct from a previously reported 0.2 pct.
Personal consumption expenditures rose 0.1 pct, or 1.5
billion dlrs, to 2,893.3 billion dlrs in May after rising 0.6
pct or 18.6 billion dlrs in April, the department said.
The department said both the April and May increases in
personal income were restrained by lower subsidy payments to
farmers and by initial payments to a newly established
retirement fund for federal government employees in April.
Wages and salaries increased 8.8 billion dlrs in May after
a 7.0 billion dlr rise in April, while manufacturing payrolls
were up 1.6 billion dlrs in May after falling 1.3 billion dlrs
in April.
Farmers' incomes fell 11 billion dlrs in May after
decreasing 6.7 billion dlrs in April due to lower farm subsidy
payments, the department said.
|
test/18667 | test/18667 |@title w:1 berisford:1 want:1 stay:1 independent:1 |@word w:1 berisford:2 plc:1 brfd:1 l:1 attract:1 takeover:1 bid:1 make:1 every:1 possible:1 effort:1 remain:1 independent:1 deputy:1 chairman:1 henry:1 lewis:1 say:1 company:1 announce:1 interim:1 result:1 take:1 specific:1 step:1 strengthen:1 purpose:1 add:1 refer:1 management:1 change:1 corporate:1 strategy:1 concentrate:1 four:1 business:1 sector:1 aim:1 produce:1 balanced:1 earning:1 growth:1 combination:1 commodity:1 property:1 financial:1 service:1 food:1 industrial:1 division:1 asset:1 90:1 mln:1 stg:1 include:1 debt:1 review:1 part:1 may:1 sell:1 | S. AND W. BERISFORD WANTS TO STAY INDEPENDENT
S.And W. Berisford Plc <BRFD.L>, which
has attracted takeover bids, is making every possible effort to
remain independent, deputy chairman Henry Lewis said after the
company announced interim results.
'We've taken specific steps to strengthen ourselves for this
purpose,' he added, referring to management changes and a
corporate strategy of concentrating on four business sectors.
Berisford aims to produced balanced earnings growth from a
combination of commodities, property, financial services and
food. Its industrial division, with assets of about 90 mln stg
including debt, is being reviewed and parts may be sold.
|
test/18668 | test/18668 |@title fed:2 seger:2 say:2 foreign:2 exchange:2 market:2 show:2 sign:2 stability:2 |@word | FED'S SEGER SAYS FOREIGN EXCHANGE MARKETS SHOWING SIGNS
OF STABILITY
FED'S SEGER SAYS FOREIGN EXCHANGE MARKETS SHOWING SIGNS
OF STABILITY
|
test/18670 | test/18670 |@title fed:1 seger:2 say:2 u:2 thrift:2 industry:2 need:2 stable:2 interest:2 rate:2 feed:1 |@word | FED'S SEGER SAYS U.S. THRIFT INDUSTRY NEEDS STABLE
INTEREST RATES
FED'S SEGER SAYS U.S. THRIFT INDUSTRY NEEDS STABLE
INTEREST RATES
|
test/18672 | test/18672 |@title u:1 k:1 datum:1 depress:1 rate:1 cut:1 outlook:1 analyst:1 |@word today:2 u:4 k:4 economic:2 datum:2 push:2 chance:1 another:1 base:3 lending:3 rate:8 cut:5 current:2 nine:1 pct:4 distance:1 analyst:2 say:10 record:2 fall:2 unemployment:2 good:2 manufacturing:1 production:1 show:2 economy:3 still:2 strong:1 need:1 fillip:1 low:2 news:3 underlie:2 earning:4 rise:4 7:2 75:1 annually:1 take:1 together:1 high:3 expect:3 bank:4 money:5 supply:2 growth:4 revive:1 inflation:2 worry:2 monetarist:1 argument:1 easy:1 credit:1 timetable:1 interest:1 back:1 strength:3 broad:1 make:1 difficult:1 see:1 one:2 near:2 term:2 chase:2 manhattan:2 securities:2 economist:3 robin:1 marshall:2 reach:1 conclusion:1 despite:1 yesterday:1 mortgage:1 new:1 borrower:1 building:1 society:1 sign:1 trend:1 also:1 counter:1 optimistic:2 forecast:2 last:2 week:2 post:1 general:1 election:2 imminent:1 support:1 may:3 reserve:1 mirror:1 england:2 effort:1 cap:1 sterling:4 gilt:4 market:3 lose:1 nearly:1 half:1 point:1 enthusiasm:1 64:1 300:1 seasonally:1 adjust:1 2:2 95:1 mln:1 10:1 6:1 workforce:1 rapidly:1 replace:1 dismay:1 continued:1 level:1 average:3 april:2 dealer:1 upset:1 compound:1 billion:1 stg:1 look:2 likely:3 sell:1 offset:2 impact:1 domestic:2 intervention:2 reaction:1 correct:1 bill:1 martin:1 chief:1 broker:1 phillip:1 draw:1 important:1 state:1 indeed:1 skeoch:1 reason:1 get:1 inflationary:2 pressure:1 subdued:1 unit:1 wage:2 cost:2 well:1 higher:1 year:3 rather:1 potentially:1 add:2 think:1 number:1 major:1 problem:1 agree:1 remain:1 worried:1 funding:1 implication:1 recent:1 inflow:1 foreign:1 asset:1 earlier:1 attract:1 prospect:1 hope:1 rule:1 conservative:1 would:2 win:1 prevent:2 authority:1 try:1 fund:1 swell:1 system:1 however:1 david:1 owen:1 kleinwort:1 grieveson:1 fresh:1 trigger:1 figure:1 signal:1 increase:1 productivity:1 long:1 continue:1 okay:1 | U.K. DATA DEPRESS RATE CUT OUTLOOK - ANALYSTS
Today's U.K. Economic data have pushed
the chances of another base lending rate cut from the current
nine pct further into the distance, analysts said.
A record fall in unemployment and good manufacturing
production data showed that the economy is still strong and
does not need a fillip from lower rates.
News that underlying earnings are rising 7.75 pct annually,
taken together with higher than expected bank lending and money
supply growth, revived inflation worries and monetarist
arguments against easier credit, they said.
'The timetable on lower interest rates is being pushed back
all the while. The strength of the economy and broad money
growth are making it more difficult to see one in the near
term,' said Chase Manhattan Securities economist Robin Marshall.
Analysts have reached this conclusion despite yesterday's
mortgage rate cuts for new borrowers, which building societies
said were a sign of the expected near term trend for U.K.
Rates.
It also counters the optimistic forecasts of last week that
a post-general election cut was imminent, supported by such
optimistic economic news as May's record reserves rise which
mirrored the Bank of England efforts to cap sterling's
strength.
The gilt market lost nearly half a point as enthusiasm
about May's 64,300 fall in the seasonally adjusted unemployment
rate, to 2.95 mln or 10.6 pct of the workforce, was rapidly
replaced by dismay at the continued high level of underlying
average earnings in April, dealers said.
The upset was compounded by news that sterling bank lending
rose 2.7 billion stg in May, above forecast, and that the Bank
of England looks likely to have to sell more gilts to offset
the impact on domestic money supply of its current
intervention.
'The gilt market reaction was correct,' said Bill Martin,
chief U.K. Economist at brokers Phillips and Drew.
'That's very important ... It shows the economy in a very
good state indeed,' Skeoch said.
'There's no reason to get worries about inflationary
pressures because they're very subdued.' Unit wage cost rises
were better than expected, just one pct higher in the year to
April, and it was these costs rather than average earnings
which were potentially inflationary, he added.
'I don't think these average earnings numbers are a major
problem,' agreed Chase Manhattan's Marshall.
But he said the gilts market was likely to remain worried
about the funding implications of recent intervention.
He said the inflow of foreign money into sterling assets
earlier this year, attracted by growth prospects and hopes that
the ruling Conservatives would win last week's election, now
looks likely to prevent a base rate cut as the authorities try
to prevent these funds swelling the domestic money system.
However, David Owen, U.K. Economist at Kleinwort Grieveson
Securities, said any fresh sterling strength would still
trigger a base rate cut and that today's figures did not signal
higher inflation this year.
'Wage increases are being offset by productivity growth. As
long as that continues we're okay,' he added.
|
test/18674 | test/18674 |@title fed:1 governor:1 seger:1 see:1 currency:1 stability:1 |@word federal:1 reserve:1 board:1 governor:1 martha:1 seger:5 say:6 sign:1 helpful:1 stability:2 foreign:1 exchange:4 market:4 recent:1 week:1 think:2 begin:1 see:1 calm:1 tell:2 reporter:1 speech:1 u:1 league:1 savings:1 institution:1 healthy:1 get:2 period:1 force:1 major:1 influence:2 rate:3 know:1 right:1 value:2 dollar:2 yen:1 mark:1 saving:1 loan:1 executive:1 concern:1 financial:1 absorption:1 concerned:1 nervous:1 fed:1 take:1 account:1 additional:1 factor:1 determine:1 monetary:1 policy:1 currency:1 economy:1 call:1 late:1 figure:1 gross:1 national:1 product:1 modest:1 upward:1 revision:1 | FED GOVERNOR SEGER SEES CURRENCY STABILITY
Federal Reserve Board Governor Martha
Seger said there were signs of helpful stability in foreign
exchange markets in recent weeks.
'I think we are beginning to see more calm in those markets,'
Seger told reporters after a speech to the U.S. League of
Savings Institutions.
'I think it is very healthy when you can get into a period
of stability,' she said.
She said market forces have a major influence on exchange
rates and said she did not know the right value for the dollar
against the Yen or the Mark.
Seger told the Savings and Loan executives that she was
concerned about financial markets' absorption with exchange
rate influences.
'I am concerned that we have gotten so nervous,' about
exchange rates, Seger said.
She said the Fed takes into account additional factors in
determining monetary policy than the value of the dollar
against other currencies.
On the economy, Seger called the latest figures in gross
national product a modest upward revision.
|
test/18676 | test/18676 |@title indonesia:1 turkey:1 eligible:1 cattle:1 eep:1 u:1 |@word exporter:2 able:1 sell:1 8:1 000:3 head:3 dairy:2 cattle:2 indonesia:2 5:2 turkey:2 export:2 enhancement:1 program:3 u:1 agriculture:1 department:2 say:3 sale:1 subsidize:1 commodity:2 inventory:1 credit:1 corporation:1 ccc:1 already:1 purchase:1 7:1 500:1 respectively:1 detail:1 invitation:1 offer:1 issue:1 near:1 future:1 | INDONESIA/TURKEY ELIGIBLE FOR CATTLE UNDER EEP
U.S. exporters will be able to sell
8,000 head of dairy cattle to Indonesia and 5,000 head to
Turkey under the Export Enhancement Program, the U.S.
Agriculture Department said.
The export sales will be subsidized with commodities from
the inventory of the Commodity Credit Corporation (CCC), the
department said.
Indonesia and Turkey already have purchased 7,500 and 5,000
head of dairy cattle, respectively, under the program.
Details of the program and an invitation for offers from
exporters will be issued in the near future, it said.
|
test/18678 | test/18678 |@title imperial:2 oil:4 raise:2 crude:2 posting:2 32:2 canadian:2 ct:2 bbl:2 light:2 sweet:2 25:2 60:2 |@word | IMPERIAL OIL RAISES CRUDE OIL POSTINGS 32 CANADIAN
CTS/BBL, LIGHT SWEET NOW 25.60
IMPERIAL OIL RAISES CRUDE OIL POSTINGS 32 CANADIAN
CTS/BBL, LIGHT SWEET NOW 25.60
|
test/18680 | test/18680 |@title phillips:1 raise:2 crude:2 oil:2 post:2 price:2 50:2 ct:2 bbl:2 effective:2 yesterday:2 wti:2 19:2 dlrs:2 phillip:1 |@word | PHILLIPS RAISES CRUDE OIL POSTED PRICES 50 CTS/BBL
EFFECTIVE YESTERDAY, WTI NOW 19 DLRS.
PHILLIPS RAISES CRUDE OIL POSTED PRICES 50 CTS/BBL
EFFECTIVE YESTERDAY, WTI NOW 19 DLRS.
|
test/18682 | test/18682 |@title usair:1 u:1 say:1 dot:1 public:1 counsel:1 back:1 merger:1 |@word usair:2 group:1 inc:3 say:4 u:1 department:2 transportation:2 office:2 public:2 counsel:2 urge:1 expedite:2 non:1 hearing:1 procedure:1 use:1 propose:1 acquisition:5 piedmont:2 aviation:1 pie:1 company:2 america:1 west:1 airlines:1 awal:1 party:2 voice:1 opposition:1 ask:1 submit:1 statement:1 june:1 17:1 either:1 support:1 oppose:1 request:1 approval:1 could:1 find:1 evidence:1 would:1 substantially:1 lessen:1 competition:1 market:1 | USAIR <U> SAYS DOT PUBLIC COUNSEL BACKS MERGER
USAir Group Inc said the U.S.
Department of Transportation's Office of Public Counsel has
urged that expedited non-hearing procedures be used in its
proposed acquisition of Piedmont Aviation Inc <PIE>.
The company said that America West Airlines Inc <AWAL.O>
was the only party voicing opposition to the acquisition. The
Department of Transportation had asked parties to submit
statements by June 17 either supporting or opposing the
acquisition.
USAir said it and Piedmont again requested expedited
approval for the acquisition.
The company said the Office of Public Counsel could find no
evidence that the acquisition would substantially lessen
competition in any market.
|
test/18686 | test/18686 |@title freedom:1 federal:1 frfe:1 seek:1 buyer:1 |@word freedom:2 federal:2 savings:1 bank:5 say:2 hire:1 salomon:1 brothers:1 inc:1 solicit:1 offer:2 purchase:1 part:1 ongoing:1 review:1 method:1 enhance:1 shareholder:1 value:1 operate:1 15:1 retail:1 branch:1 1986:1 year:1 end:1 asset:1 733:1 mln:1 dlrs:1 assurance:1 receive:1 acceptable:1 sell:1 feel:1 prudent:1 step:1 take:1 time:1 | FREEDOM FEDERAL <FRFE.O> SEEKS BUYER
Freedom Federal Savings Bank
said it hired Salomon Brothers Inc to solicit offers for the
purchase of the bank as part of an ongoing review of methods to
enhance shareholder value.
Freedom Federal operates 15 retail branch banks and had
1986 year end assets of about 733 mln dlrs.
'There is no assurance the bank will receive acceptable
offers or be sold, but we feel this is a prudent step to take
at this time,' the bank said.
|
test/18688 | test/18688 |@title arco:1 arc:1 spin:1 see:1 500:1 mln:1 dlrs:1 |@word atlantic:3 richfield:3 co:1 consider:2 spin:4 20:3 pct:3 interest:2 chemical:5 operation:2 could:1 gain:1 500:2 mln:6 dlrs:7 deal:3 industry:2 analyst:4 estimate:1 yesterday:2 arco:2 stock:3 jump:1 much:1 five:1 point:1 rumor:3 base:2 183:1 outstanding:1 share:1 market:1 frenzy:1 value:2 900:1 say:8 aware:1 issue:1 statement:1 around:3 mid:1 day:2 sale:1 unit:5 lead:1 investor:1 take:1 profit:1 announcement:1 company:5 retreat:1 closing:1 93:1 7:1 8:2 1:3 3:1 today:1 4:1 small:1 expect:2 somewhat:1 disappointing:1 george:1 baker:2 smith:1 barney:1 couple:1 profitable:1 get:1 type:1 exposure:1 seek:1 reflect:1 price:1 richard:1 pzena:3 sanford:1 c:1 bernstein:1 operate:1 earning:2 132:1 last:2 year:3 earn:1 175:1 multiple:1 17:1 time:1 sell:2 entire:1 worth:1 three:1 billion:2 put:1 600:1 think:1 stake:1 margin:1 peak:1 speculate:1 would:2 use:1 proceed:1 pay:1 debt:1 add:1 possibility:1 remain:1 fall:1 proposal:1 yet:1 present:1 board:1 revenue:1 9:1 | ARCO <ARC> SPIN-OFF SEEN AT 500 MLN DLRS
Atlantic Richfield Co, considering a
spin-off of a 20 pct interest in its chemical operations, could
gain about 500 mln dlrs from the deal, industry analysts
estimated.
Yesterday ARCO's stock jumped as much as five points on
rumors it was spinning off the chemical operations. Based on
about 183 mln outstanding shares, the market in its frenzy was
valuing the spin-off at about 900 mln dlrs, analysts said.
Atlantic Richfield, aware of the rumors, issued a statement
around mid-day that it was considering a sale of only 20 pct of
the unit, leading investors to take profits.
After the announcement, the company's stock retreated,
closing at 93-7/8, up 1-3/8. Today it was off 1/4.
'It was a smaller deal than expected and somewhat
disappointing,' said analyst George Baker at Smith Barney. He
said rumors of the spin-off had been around 'for a couple of
days.'
Baker said the unit was very profitable but it wasn't
getting the type of exposure Atlantic Richfield sought, and its
value was not reflected in the company's stock price.
Industry analyst Richard Pzena of Sanford C. Bernstein said
the unit had operating earnings of 132 mln dlrs last year and
he expected it to earn about 175 mln dlrs this year.
Based on a multiple of 17 times earnings--which Pzena says
chemical companies now sell for--the entire unit is worth about
three billion dlrs, putting the 20 pct interest at around 500
to 600 mln dlrs.
Pzena said he thought the company was selling the stake
because chemical margins had peaked, and he speculated the
company would use the proceeds to pay down debt.
But he added the possibility remained the deal would fall
through. Yesterday, ARCO said the proposal had not yet been
presented to its board.
The chemical unit last year had revenues of 1.9 billion
dlrs.
|
test/18689 | test/18689 |@title shell:1 canada:1 shc:1 raise:1 crude:1 32:1 ct:1 canadian:1 |@word shell:5 canada:3 shc:1 whose:1 majority:1 interest:1 royal:2 dutch:1 group:2 company:2 raise:1 posting:1 light:3 sweet:3 sour:2 crude:3 oil:2 edmonton:1 swann:1 hills:1 32:1 canadian:4 ct:1 barrel:3 effective:1 today:1 new:2 price:2 25:1 60:1 dlrs:2 24:1 08:1 dtuch:1 72:1 pct:2 public:1 shareholder:1 primarily:1 remain:1 28:1 spokesman:1 say:1 | SHELL CANADA <SHC> RAISES CRUDE 32 CTS CANADIAN
Shell Canada <SHC>, whose majority
interest is owned by the Royal Dutch/Shell Group of companies,
raised the postings of light sweet and sour crude oil from
Edmonton/Swann Hills 32 Canadian cts a barrel, effective today.
The new price for light sweet crude oil is 25.60 Canadian
dlrs a barrel while the new price for light sweet sour crude is
24.08 Canadian dlrs a barrel.
The Royal Dtuch/Shell Group owns 72 pct of Shell Canada and
public shareholders, primarily Canadian, own the remaining 28
pct of the company, a Shell Canada spokesman said.
|
test/18692 | test/18692 |@title union:2 pacific:2 raise:2 crude:2 oil:2 posting:2 50:2 ct:2 bbl:2 effective:2 yesterday:2 wti:2 19:2 dlrs:2 |@word | UNION PACIFIC RAISES CRUDE OIL POSTINGS 50 CTS
A BBL, EFFECTIVE YESTERDAY, WTI TO 19 DLRS.
UNION PACIFIC RAISES CRUDE OIL POSTINGS 50 CTS
A BBL, EFFECTIVE YESTERDAY, WTI TO 19 DLRS.
|
test/18698 | test/18698 |@title imperial:1 oil:1 imo:1 raise:1 crude:1 32:1 canadian:1 ct:1 |@word canadian:3 imperial:1 oil:3 70:1 pct:1 exxon:1 say:2 raise:1 posting:2 light:2 sweet:2 crude:2 edmonton:2 32:1 ct:1 barrel:2 effective:1 today:1 company:1 new:1 25:1 60:1 dlrs:1 | IMPERIAL OIL <IMO.A> RAISES CRUDE 32 CANADIAN CTS
Canadian Imperial Oil, 70 pct Exxon
owned, said it raised its posting for light sweet crude oil at
Edmonton by 32 canadian cts a barrel, effective today.
The company said its new posting for light sweet crude oil
at Edmonton is 25.60 canadian dlrs a barrel.
|
test/18699 | test/18699 |@title tultex:1 corp:1 ttx:1 2nd:1 qtr:1 may:1 30:1 net:1 |@word shr:2 17:1 ct:4 vs:8 20:1 net:2 3:4 121:1 000:4 624:1 rev:1 60:1 2:2 mln:8 59:1 0:1 avg:2 shrs:2 18:4 six:1 mth:1 40:1 48:1 7:2 429:1 8:1 743:1 revs:1 124:1 126:1 1:2 | TULTEX CORP <TTX> 2ND QTR MAY 30 NET
Shr 17 cts vs 20 cts
Net 3,121,000 vs 3,624,000
Revs 60.2 mln vs 59.0 mln
Avg shrs 18.3 mln vs 18.2 mln
Six mths
Shr 40 cts vs 48 cts
Net 7,429,000 vs 8,743,000
Revs 124.7 mln vs 126.1 mln
Avg shrs 18.3 mln vs 18.1 mln
|
test/18700 | test/18700 |@title dutch:1 consumer:1 industry:1 see:1 veg:1 oil:1 tax:1 threat:1 |@word dutch:2 consumer:4 food:2 processor:1 would:4 hit:1 hard:1 propose:3 ec:4 tax:5 oil:4 fat:3 dick:1 de:3 bruyn:3 chairman:1 commodity:1 board:1 margarine:2 mvo:1 say:4 annual:1 meeting:1 second:1 large:2 fourth:1 vegetable:2 fiercely:1 contest:1 levy:1 steeply:1 increase:1 cost:1 industry:2 potato:1 processing:1 cake:1 biscuit:1 manufacturing:1 move:1 country:1 outside:1 rule:1 add:2 marine:1 wide:1 open:1 fraud:1 difficult:1 police:1 hugely:1 expensive:1 administratively:1 also:3 contravene:1 article:1 three:1 general:1 agreement:1 tariffs:1 trade:1 gatt:1 lome:1 convention:1 united:1 nations:1 agriculture:1 organization:1 fao:1 guidelines:1 treaty:1 inflationary:1 consequence:1 employment:1 investment:1 | DUTCH CONSUMERS/INDUSTRY SEE VEG OILS TAX THREAT
Dutch consumers and food processors
would be hit hard by the proposed EC tax on oils and fats, Dick
de Bruyn, chairman of the commodity board for margarine, fats
and oils, MVO, said at the annual meeting.
The Dutch are the second largest consumers of margarine and
fourth largest consumers of vegetable oils in the EC.
The fiercely contested tax would be a levy on consumers and
steeply increase the costs of industries such as potato
processing and cake and biscuit manufacturing, de Bruyn said.
'A move by these industries to countries outside the EC
cannot be ruled out,' he added.
De Bruyn said the tax on vegetable and marine oils and fats
would be wide open to fraud, difficult to police, and hugely
expensive administratively.
He also said the proposed tax contravened not only article
three of the General Agreement on Tariffs and Trade (GATT), the
Lome Convention, and the United Nations Food and Agriculture
Organization (FAO) guidelines, but also the EC's own Treaty.
The proposed tax would not only be inflationary but also
have consequences for employment and investment, he added.
|
test/18701 | test/18701 |@title diamond:2 shamrock:2 raise:2 crude:2 oil:2 post:2 price:2 50:2 ct:2 bbl:2 effective:2 yesterday:2 wti:2 19:2 dlrs:2 |@word | DIAMOND SHAMROCK RAISES CRUDE OIL POSTED PRICES 50 CTS
A BBL, EFFECTIVE YESTERDAY, WTI TO 19 DLRS.
DIAMOND SHAMROCK RAISES CRUDE OIL POSTED PRICES 50 CTS
A BBL, EFFECTIVE YESTERDAY, WTI TO 19 DLRS.
|
test/18703 | test/18703 |@title poco:1 petroleums:1 ltd:1 poc:1 2nd:1 qtr:1 net:1 |@word period:1 end:1 april:1 30:1 shr:2 give:1 net:2 2:1 600:2 000:4 vs:5 1:3 revs:2 18:1 mln:4 15:1 six:1 mth:1 21:1 ct:2 42:1 3:1 800:1 5:1 500:1 32:1 9:1 35:1 8:1 | POCO PETROLEUMS LTD <POC.TO> 2ND QTR NET
Period ended April 30
Shr not given
Net 2,600,000 vs 1,600,000
Revs 18.1 mln vs 15.1 mln
SIX MTHS
Shr 21 cts vs 42 cts
Net 3,800,000 vs 5,500,000
Revs 32.9 mln vs 35.8 mln
|
test/18704 | test/18704 |@title coastal:2 raise:2 crude:2 oil:2 posting:2 50:2 ct:2 bbl:2 yesterday:2 wti:2 19:2 dlrs:2 |@word | COASTAL RAISES CRUDE OIL POSTINGS 50 CTS/BBL YESTERDAY,
WTI TO 19 DLRS
COASTAL RAISES CRUDE OIL POSTINGS 50 CTS/BBL YESTERDAY,
WTI TO 19 DLRS
|
test/18705 | test/18705 |@title southland:2 corp:2 raise:2 crude:2 oil:2 posting:2 50:2 ct:2 bbl:4 wti:2 19:2 dlrs:2 |@word | SOUTHLAND CORP RAISED CRUDE OIL POSTINGS 50 CTS/BBL, WTI
NOW 19 DLRS/BBL
SOUTHLAND CORP RAISED CRUDE OIL POSTINGS 50 CTS/BBL, WTI
NOW 19 DLRS/BBL
|
test/18706 | test/18706 |@title murphy:2 raise:2 crude:2 oil:2 posting:2 50:2 ct:2 bbl:2 yesterday:2 wti:2 19:2 dlrs:2 |@word | MURPHY RAISES CRUDE OIL POSTINGS 50 CTS A BBL YESTERDAY,
WTI TO 19 DLRS
MURPHY RAISES CRUDE OIL POSTINGS 50 CTS A BBL YESTERDAY,
WTI TO 19 DLRS
|
test/18707 | test/18707 |@title permian:2 raise:2 crude:2 oil:2 posting:2 50:2 ct:2 bbl:2 wti:2 19:2 dlrs:2 |@word | PERMIAN RAISES CRUDE OIL POSTINGS 50 CTS
A BBL, WTI TO 19 DLRS
PERMIAN RAISES CRUDE OIL POSTINGS 50 CTS
A BBL, WTI TO 19 DLRS
|
test/18708 | test/18708 |@title robert:1 bruce:1 industries:1 bruca:1 1st:1 qtr:1 loss:1 |@word qtr:1 end:1 march:1 28:1 shr:1 loss:4 1:2 46:1 dlrs:3 vs:4 49:1 ct:1 net:1 2:2 919:1 000:5 892:1 rev:1 10:1 3:1 mln:2 11:1 5:1 avg:1 shrs:1 836:1 note:1 full:1 name:1 company:1 robert:1 bruce:1 industries:1 inc:1 | ROBERT BRUCE INDUSTRIES <BRUCA.O> 1ST QTR LOSS
Qtr ends march 28
Shr loss 1.46 dlrs vs loss 49 cts
Net loss 2,919,000 dlrs vs loss 892,000 dlrs
Revs 10.3 mln vs 11.5 mln
Avg shrs 2,000,000 vs 1,836,000
NOTE: full name of company is robert bruce industries Inc.
|
test/18713 | test/18713 |@title evergood:1 products:1 corp:1 evgd:1 1986:1 year:1 loss:1 |@word oper:2 shr:1 loss:4 19:1 ct:2 vs:3 38:1 net:1 239:1 000:2 dlrs:2 476:1 rev:1 16:1 0:1 mln:2 14:1 6:1 | EVERGOOD PRODUCTS CORP <EVGD.O> 1986 YEAR LOSS
Oper shr loss 19 cts vs loss 38 cts
Oper net loss 239,000 dlrs vs loss 476,000 dlrs
Revs 16.0 mln vs 14.6 mln
|
test/18718 | test/18718 |@title calstar:1 inc:1 csar:1 year:1 april:1 30:1 net:1 |@word shr:2 primary:2 66:2 ct:3 vs:7 1:8 17:1 dlrs:3 dilute:2 81:1 net:2 220:1 691:1 302:1 999:1 revs:1 13:2 7:1 mln:2 avg:2 shrs:2 859:2 421:2 112:1 400:1 826:1 303:1 note:1 late:1 include:1 tax:1 credit:1 565:1 000:2 620:1 | CALSTAR INC <CSAR.O> YEAR APRIL 30 NET
Shr primary 66 cts vs 1.17 dlrs
Shr diluted 66 cts vs 81 cts
Net 1,220,691 vs 1,302,999
Revs 13.7 mln vs 13.1 mln
Avg shrs primary 1,859,421 vs 1,112,400
Avg shrs diluted 1,859,421 vs 1,826,303
NOTE: Latest net includes tax credits of 565,000 dlrs vs
620,000 dlrs.
|
test/18719 | test/18719 |@title microdyne:1 corp:1 mcdy:1 2nd:1 qtr:1 may:1 three:1 net:1 |@word oper:4 shr:2 nil:1 vs:6 profit:5 one:1 ct:3 net:2 14:1 000:9 51:1 revs:2 5:2 547:1 6:1 021:1 six:2 mth:2 loss:4 nine:1 seven:1 383:1 314:1 dlrs:4 9:1 31:1 12:1 mln:1 note:1 1986:1 qtr:1 exclude:1 171:1 358:1 respectively:1 discontinue:1 operation:1 | MICRODYNE CORP <MCDY.O> 2ND QTR MAY THREE NET
Oper shr nil vs profit one ct
Oper net profit 14,000 vs profit 51,000
Revs 5,547,000 vs 6,021,000
Six mths
Oper shr loss nine cts vs profit seven cts
Oper net loss 383,000 vs profit 314,000 dlrs
Revs 9,31,000 dlrs vs 12.5 mln
NOTE: 1986 qtr and six mths excludes loss 171,000 dlrs and
358,000 dlrs, respectively, for loss from discontinued
operations.
|
test/18721 | test/18721 |@title major:1 video:1 corp:1 majv:1 year:1 april:1 30:1 net:1 |@word shr:1 23:1 ct:2 vs:3 14:1 net:1 611:1 000:3 511:1 rev:1 10:1 1:1 mln:1 4:1 380:1 note:1 late:1 year:2 include:2 three:1 cent:2 per:2 share:2 loss:1 discontinue:1 operation:1 prev:1 seven:1 tax:1 credit:1 | MAJOR VIDEO CORP <MAJV.O> YEAR APRIL 30 NET
Shr 23 cts vs 14 cts
Net 611,000 vs 511,000
Revs 10.1 mln vs 4,380,000
NOTE: Latest year includes three cent per share loss from
discontinued operations while prev year includes seven cent per
share tax credit.
|
test/18724 | test/18724 |@title fed:1 expect:1 add:1 reserve:1 |@word federal:1 reserve:3 enter:1 government:1 security:1 market:1 supply:1 via:1 either:1 large:2 round:1 customer:1 repurchase:2 agreement:1 overnight:1 possibly:1 four:1 day:1 system:1 economist:1 say:2 fed:3 fairly:1 add:1 need:1 likely:1 face:1 dislocation:1 early:1 new:1 statement:1 period:1 start:1 today:1 corporate:1 tax:1 payment:1 swell:1 treasury:1 balance:1 fund:1 hover:1 6:2 3:1 4:1 pct:2 average:1 80:1 yesterday:1 | FED EXPECTED TO ADD RESERVES
The Federal Reserve will enter the
government securities market to supply reserves via either a
large round of customer repurchase agreements or by overnight
or possibly four-day system repurchases, economists said.
They said the Fed has a fairly large add need and is likely
to face the most reserve dislocations early in the new
statement period started today as corporate tax payments swell
Treasury balances at the Fed.
Fed funds hovered at 6-3/4 pct after averaging 6.80 pct
yesterday.
|
test/18728 | test/18728 |@title southland:1 slc:1 unit:1 raise:1 crude:1 50:1 ct:1 bbl:1 |@word southland:1 corp:1 subsidiary:1 citgo:2 petroleum:1 say:3 raise:1 post:2 price:1 crude:1 oil:1 across:1 board:1 50:1 ct:1 barrel:2 effective:1 june:1 17:1 new:1 posting:1 west:2 texas:2 intermediate:1 sour:1 19:2 dlrs:1 light:1 louisiana:1 sweet:1 35:1 company:1 | SOUTHLAND <SLC> UNIT RAISES CRUDE 50 CTS/BBL
Southland Corp's subsidiary Citgo
Petroleum said it raised its posted prices for crude oil across
the board by 50 cts a barrel, effective June 17.
Citgo said its new posting for West Texas Intermediate and
West Texas Sour is 19 dlrs a barrel. Light Louisiana Sweet is
now posted at 19.35, the company said.
|
test/18730 | test/18730 |@title hollinger:1 hlg:1 complete:1 unimedia:1 takeover:1 |@word hollinger:1 inc:2 say:3 complete:1 previously:1 report:1 acquisition:1 privately:1 hold:1 unimedia:2 owner:1 three:1 french:1 language:1 daily:2 newspaper:1 four:1 print:1 plant:1 ontario:1 quebec:2 company:1 58:1 pct:1 telegraph:1 plc:1 name:1 former:1 carling:1 keefe:1 ltd:1 chief:2 executive:2 pierre:1 des:1 marais:1 la:1 societe:1 media:1 unit:1 acquire:1 appointment:1 effective:1 july:1 2:1 | HOLLINGER <HLG.TO> COMPLETES UNIMEDIA TAKEOVER
Hollinger Inc said it completed the
previously reported acquisition of privately held Unimedia Inc,
the owner of three French language daily newspapers and four
printing plants in Ontario and Quebec.
The company, which owns 58 pct of (Daily Telegraph Plc)
said it named former Carling O'Keefe Ltd chief executive Pierre
Des Marais as chief executive of La Societe Media Quebec, the
unit acquiring Unimedia.
It said his appointment is effective July 2.
|
test/18732 | test/18732 |@title g:1 edwards:1 inc:1 age:1 1st:1 qtr:1 may:1 31:1 net:1 |@word shr:1 52:1 ct:2 vs:4 62:1 net:1 10:1 884:1 000:4 12:1 891:1 revs:1 133:1 3:1 mln:2 128:1 8:1 avg:1 shrs:1 21:1 017:1 20:1 845:1 | A.G. EDWARDS INC <AGE> 1ST QTR MAY 31 NET
Shr 52 cts vs 62 cts
Net 10,884,000 vs 12,891,000
Revs 133.3 mln vs 128.8 mln
Avg shrs 21,017,000 vs 20,845,000
|
test/18736 | test/18736 |@title murphy:1 oil:1 mur:1 raise:1 crude:1 posting:1 |@word murphy:1 oil:2 say:3 increase:2 crude:2 post:1 price:1 50:1 ct:1 barrel:3 effective:1 june:1 17:1 company:2 new:1 posting:1 west:2 texas:2 intermediate:1 sour:1 19:2 dlrs:1 light:1 louisiana:1 sweet:1 35:1 dollar:1 follow:1 general:1 trend:1 industry:1 start:1 yesterday:1 sun:1 co:1 | MURPHY OIL <MUR> RAISES CRUDE POSTINGS
Murphy Oil said it increased its crude
oil posted prices by 50 cts a barrel, effective June 17.
The company said its new posting for West Texas Intermediate
and West Texas Sour is 19 dlrs a barrel.
Light Louisiana Sweet crude is now 19.35 dollars a barrel,
the company said. Increases follow a general trend in the
industry started yesterday by Sun Co.
|
test/18738 | test/18738 |@title phillips:1 petroleum:1 p:1 raise:1 crude:1 posting:1 |@word phillips:1 petroleum:1 co:2 say:2 raise:2 crude:1 oil:1 post:2 price:2 west:2 texas:2 intermediate:1 sour:1 50:1 ct:1 barrel:2 effective:1 june:1 17:1 company:1 new:1 wti:1 wts:1 19:1 dlrs:1 increase:1 reaction:1 sun:1 posting:1 similarly:1 yesterday:1 | PHILLIPS PETROLEUM <P> RAISES CRUDE POSTINGS
Phillips Petroleum Co said it raised
its crude oil posted prices for West Texas Intermediate and
West Texas Sour by 50 cts a barrel, effective June 17.
The company said the new posted price for WTI and WTS is 19
dlrs a barrel. The increase is in reaction to Sun Co raising
postings similarly yesterday.
|
test/18739 | test/18739 |@title mobil:1 mob:1 north:1 sea:1 natural:1 gas:1 find:1 |@word mobil:1 corp:1 say:2 49:2 28:2 14:1 wildcat:1 well:1 block:1 british:1 north:1 sea:1 flow:1 50:1 6:1 mln:1 cubic:1 foot:2 natural:1 gas:1 per:1 day:1 depth:1 7:2 742:1 777:1 company:1 23:1 33:1 pct:2 interest:2 holder:1 include:1 atlantic:1 richfield:1 co:2 arc:1 sun:2 deminex:1 ag:1 10:1 | MOBIL <MOB> HAS NORTH SEA NATURAL GAS FIND
Mobil Corp said the 49/28-14 wildcat
well in Block 49/28 of the British North Sea flowed 50.6 mln
cubic feet of natural gas per day from depths of 7,742 to 7,777
feet.
The company said it has a 23.33 pct interest and other
interest holders include Atlantic Richfield Co <ARC>, Sun Co
<SUN> and Deminex AG 10 pct.
|
test/18743 | test/18743 |@title petro:2 canada:2 raise:2 crude:4 posting:2 32:2 ct:2 canadian:4 bbl:4 sweet:2 25:2 60:2 dlrs:2 |@word | PETRO-CANADA RAISES CRUDE POSTINGS 32 CTS CANADIAN/BBL.
SWEET CRUDE AT 25.60 DLRS CANADIAN/BBL.
PETRO-CANADA RAISES CRUDE POSTINGS 32 CTS CANADIAN/BBL.
SWEET CRUDE AT 25.60 DLRS CANADIAN/BBL.
|
test/18744 | test/18744 |@title ec:1 commission:1 defend:1 oil:1 fat:1 tax:1 |@word spokesman:1 european:2 community:4 commission:6 defend:1 controversial:1 plan:1 levy:2 oil:10 fat:6 say:11 consumer:4 would:16 help:1 alleviate:1 surplus:1 problem:2 pay:2 propose:6 tax:4 norbert:1 tanghe:6 head:1 division:1 directorate:1 general:2 agriculture:1 tell:1 8th:1 antwerp:1 contact:1 day:1 firmly:1 believe:2 sacrifice:1 undergo:1 producer:1 sector:3 justify:1 ask:1 make:1 appropriate:1 contribution:1 solve:1 serious:1 within:1 necessary:1 level:4 budgetary:1 cost:3 result:1 olive:1 oilseed:2 production:3 become:1 unacceptable:1 recent:1 estimate:1 put:1 4:1 0:2 billion:2 currency:1 unit:1 1990:2 rise:1 another:1 2:1 ecus:2 standstill:1 agreement:2 spain:1 portugal:1 end:1 ec:5 feel:1 full:1 impact:1 enlargement:1 several:1 cut:1 measure:1 include:1 introduction:1 maximum:1 guarantee:1 quantity:2 system:5 add:2 stabilise:3 price:4 reference:1 700:1 per:1 tonne:1 refined:1 soy:1 introduce:1 could:1 raise:1 lower:1 regulatory:2 amount:2 market:1 revenue:1 generate:1 charge:1 use:1 finance:1 common:1 agricultural:1 policy:1 regime:1 hostile:1 reaction:1 part:1 base:1 incomplete:1 insufficiently:1 thorough:1 analysis:1 proposal:2 conform:1 tariffs:1 trade:1 gatt:1 rule:1 discriminatory:1 apply:1 domestic:1 import:8 product:1 past:1 experience:1 show:1 cause:1 decline:1 consumption:1 produce:3 benefit:1 present:1 aid:1 arrangement:1 competitiveness:1 different:1 whether:1 remain:1 unchanged:1 third:2 country:2 affect:2 alter:1 nation:1 requirement:2 far:1 concern:1 since:1 overall:1 effect:1 without:1 demand:1 one:1 objective:1 maintain:1 current:1 soybean:1 unaffected:1 primarily:1 satisfy:1 cake:1 meal:1 cover:1 furthermore:1 half:1 bean:1 export:1 | EC COMMISSION DEFENDS OILS AND FATS TAX
A spokesman for the European
Community Commission defended the controversial plan for a levy
on oils and fats, saying that consumers would have to help
alleviate the surplus problem by paying the proposed tax.
Norbert Tanghe, head of division of the Commission's
Directorate General for Agriculture, told the 8th Antwerp Oils
and Fats Contact Days 'the Commission firmly believes that the
sacrifices which would be undergone by Community producers in
the oils and fats sector ... Would justify asking consumers to
make an appropriate contribution to solving the serious problem
within that sector by paying a levy.'
The proposed tax is necessary because the level of
budgetary costs resulting from olive oil and oilseeds
production has become unacceptable, Tanghe said.
Recent estimates put these costs at 4.0 billion European
Currency Units and by 1990 they would rise by another 2.0
billion Ecus, he said. In 1990 the Community's 'standstill'
agreements with Spain and Portugal end and the EC would then
feel the full impact of its enlargement.
The Commission has proposed several cost and production
cutting measures which include the introduction of a maximum
guaranteed quantity system, he added.
Under the Commission's system for stabilising consumer
prices in the oils and fats sector, a reference price of 700
Ecus per tonne for refined soy oil would be introduced, Tanghe
said.
Consumer prices could be raised or lowered by a regulatory
amount when market prices are below or above this level.
He said the revenue generated by charging a regulatory
amount would be used to finance the Common Agricultural
Policy's oils and fats regime.
'The Commission believes that hostile reactions (to the
proposed tax) have for the most part been based on incomplete
or an insufficiently thorough analysis of the proposal,' he said.
Tanghe said the proposed system conforms with General
Agreement on Tariffs and Trade, GATT, rules.
It would not be discriminatory because it would be applied
to domestic and imported products, and past experience showed
it would not cause any decline in consumption of oils and fats.
EC-produced oilseeds would not benefit more than they do
under present aid arrangements, he said.
The competitiveness between different oils, whether EC
produced or imported, would remain unchanged and quantities
imported from third countries would not be affected by the tax,
Tanghe said.
The proposed system would not alter the EC nations'
requirements as far as imports are concerned since the overall
effect would stabilise Community production levels without
affecting demand, he said.
It is one of the proposal's objectives to maintain current
import levels, he said.
Imports of soybeans would be unaffected because they are
imported primarily to satisfy the EC's cakes and meals
requirements, which are not covered by the stabilising system.
Furthermore, more than half the oil produced from imported
beans is re-exported to third countries, Tanghe added.
|
test/18746 | test/18746 |@title union:1 pacific:1 unp:1 raise:1 crude:1 oil:1 price:1 |@word union:1 pacific:1 resource:1 formerly:1 champlin:1 petroleum:1 say:1 raise:2 post:2 price:4 crude:2 oil:4 50:1 ct:1 barrel:2 effective:1 yesterday:2 increase:3 bring:1 west:1 texas:1 intermediate:1 u:1 benchmark:1 grade:1 19:1 00:1 dlrs:1 follow:2 similar:1 move:1 several:1 company:3 sun:1 co:1 first:1 posting:1 afternoon:1 today:1 many:1 last:1 make:1 around:1 may:1 22:1 | UNION PACIFIC <UNP> RAISES CRUDE OIL PRICES
Union Pacific Resources, formerly
Champlin Petroleum, said it raised posted prices for crude oil
by 50 cts a barrel, effective yesterday.
The price increase brings West Texas Intermediate, the U.S.
benchmark grade, to 19.00 dlrs a barrel.
The posted price increase follows a similar move by several
other oil companies.
Sun Co was the first to raise crude oil postings yesterday
afternoon and today many other companies are following.
The last price increase made by oil companies was around
May 22.
|
test/18747 | test/18747 |@title marathon:2 raise:2 crude:2 oil:2 posting:2 50:2 ct:2 bbl:2 wti:2 19:2 00:2 dlrs:2 |@word | MARATHON RAISES CRUDE OIL POSTINGS 50 CTS/BBL, WTI NOW
19.00 DLRS.
MARATHON RAISES CRUDE OIL POSTINGS 50 CTS/BBL, WTI NOW
19.00 DLRS.
|
test/18748 | test/18748 |@title |@word vaalian:1 balance:3 payment:3 deficit:4 may:3 italy:2 overall:2 show:3 3:1 211:1 billion:5 lira:3 compare:2 surplus:3 2:2 040:1 april:1 provisional:1 bank:1 figure:1 1:1 555:1 correspond:1 month:2 1986:2 first:1 five:1 1987:1 299:1 854:1 corresponding:1 period:1 | VaALIAN BALANCE OF PAYMENTS IN DEFICIT IN MAY
Italy's overall balance of payments showed
a deficit of 3,211 billion lire in May compared with a surplus
of 2,040 billion in April, provisional Bank of Italy figures
show.
The May deficit compares with a surplus of 1,555 billion
lire in the corresponding month of 1986.
For the first five months of 1987, the overall balance of
payments showed a surplus of 299 billion lire against a deficit
of 2,854 billion in the corresponding 1986 period.
|
test/18749 | test/18749 |@title italian:1 net:1 official:1 reserve:1 fall:1 may:1 |@word italy:2 net:1 official:1 reserve:1 fall:1 67:1 110:1 billion:7 lira:3 may:3 previously:1 report:1 68:1 455:1 april:3 bank:1 say:1 gold:1 holding:2 total:2 35:1 243:1 end:2 unchanged:1 convertible:1 currency:2 18:1 277:1 20:1 028:1 european:1 unit:1 10:2 610:1 528:1 | ITALIAN NET OFFICIAL RESERVES FALL IN MAY
Italy's net official reserves fell to
67,110 billion lire in May from a previously reported 68,455
billion in April, the Bank of Italy said.
Gold holdings totalled 35,243 billion lire at end May,
unchanged from end April.
Convertible currencies totalled 18,277 billion lire in May,
down from 20,028 billion in April, while European Currency Unit
holdings were 10,610 billion against 10,528 billion.
|
test/18750 | test/18750 |@title fed:2 say:2 set:2 two:2 billion:2 dlrs:2 customer:2 repurchase:2 agreement:2 |@word | FED SAYS IT SETS TWO BILLION DLRS OF CUSTOMER REPURCHASE
AGREEMENTS
FED SAYS IT SETS TWO BILLION DLRS OF CUSTOMER REPURCHASE
AGREEMENTS
|
test/18751 | test/18751 |@title becor:1 western:1 bcw:1 adjourn:1 holder:1 meeting:1 |@word becor:3 western:2 inc:2 say:1 reconvene:1 shareholder:2 meeting:3 adjourn:3 1000:1 cdt:1 june:2 30:1 company:2 previously:1 announce:1 plan:1 follow:1 receipt:1 renew:1 offer:2 lynch:1 corp:2 lgl:1 yesterday:1 originally:1 convene:1 four:2 approve:1 sale:1 gear:1 subsidiary:1 remain:1 matter:1 present:1 propose:1 acquisition:2 bcw:1 one:1 | BECOR WESTERN <BCW>AGAIN ADJOURNS HOLDER MEETING
Becor Western Inc said its
reconvened shareholders meeting has been adjourned to 1000 CDT
June 30.
The company had previously announced plans to again adjourn
the meeting following receipt of a renewed offer from Lynch
Corp <LGL> yesterday.
The meeting was originally convened on June four when
shareholders approved the sale of Becor's Western Gear Corp
subsidiary before adjourning. The remaining matter to be
presented is the proposed acquisition of Becor by BCW
Acquisition Inc, now one of four offers for the company./
|
test/18752 | test/18752 |@title steel:1 firm:1 study:1 usx:1 x:1 unit:1 price:1 hike:1 |@word two:1 major:2 steel:6 company:4 say:8 study:3 price:4 increase:3 announce:1 yesterday:2 usx:2 corp:4 uss:2 steelmaking:1 division:1 spokesman:4 armco:1 inc:3 bethlehem:1 bs:1 propose:1 hike:1 plan:2 raise:1 base:1 plate:6 product:4 20:2 dlrs:1 ton:2 five:1 pct:1 effective:1 shipment:1 october:1 4:1 ltv:2 co:1 unit:1 qltv:1 decline:1 comment:1 add:1 make:2 heavy:1 national:2 joint:1 venture:1 intergroup:1 nii:1 nippon:1 kokan:1 k:2 line:1 affect:1 reach:1 later:1 inland:1 industries:1 iad:1 pricing:1 move:1 include:1 carbon:1 high:1 strength:1 low:1 alloy:2 strip:1 mill:1 also:1 dlr:1 special:1 width:1 thickness:1 analyst:1 firm:1 contribute:1 well:1 result:1 nation:1 steelmaker:1 | STEEL FIRMS STUDY USX <X> UNIT PRICE HIKE
Two major steel companies said they
were studying a price increase announced yesterday by USX
Corp's USS steelmaking division.
Spokesman for Armco Inc <AS> and Bethlehem Steel Corp <BS>
said the proposed price hike was under study.
Yesterday, USS said it plans to raise base prices on plate
products by 20 dlrs a ton, or about five pct, effective with
shipments October 4.
A spokesman for LTV Steel Co, a unit of LTV Corp <QLTV>,
declined comment, adding that the company does not make heavy
plate and makes few other plate products.
A spokesman for <National Steel Corp>, a joint venture of
National Intergroup Inc <NII> and Nippon Kokan K.K., said the
company is not in the product lines affected.
Reached later, an Inland Steel Industries Inc <IAD>
spokesman said the company was studying the pricing move.
USX said the increase will be on all plate products,
including carbon, high-strength low-alloy, strip mill and alloy
plates. It also said it planned 20-dlr-a-ton increases on some
special plate widths and thicknesses.
Analysts have said firm prices for steel should contribute
to better results at the nation's major steelmakers.
|
test/18753 | test/18753 |@title italian:1 balance:1 payment:1 deficit:1 may:1 |@word italy:2 overall:2 balance:2 payment:2 show:3 deficit:3 3:1 211:1 billion:5 lira:3 may:2 compare:2 surplus:3 2:2 040:1 april:1 provisional:1 bank:1 figure:1 1:1 555:1 correspond:1 month:2 1986:2 first:1 five:1 1987:1 299:1 854:1 corresponding:1 period:1 | ITALIAN BALANCE OF PAYMENTS IN DEFICIT IN MAY
Italy's overall balance of payments showed
a deficit of 3,211 billion lire in May compared with a surplus
of 2,040 billion in April, provisional Bank of Italy figures
show.
The May deficit compares with a surplus of 1,555 billion
lire in the corresponding month of 1986.
For the first five months of 1987, the overall balance of
payments showed a surplus of 299 billion lire against a deficit
of 2,854 billion in the corresponding 1986 period.
|
test/18754 | test/18754 |@title coastal:1 cgp:1 crude:1 post:1 50:1 ct:1 bbl:1 |@word coastal:1 corp:1 cgp:1 say:1 raise:1 posting:1 crude:1 oil:1 50:1 ct:1 barrel:3 across:1 board:1 effective:1 yesterday:1 june:1 17:1 new:2 price:2 west:2 texas:2 intermediate:1 19:1 00:1 dlrs:2 sour:1 18:1 10:1 | COASTAL <CGP> CRUDE POSTING UP 50 CTS/BBL
Coastal Corp <CGP> said it raised the
postings of crude oil 50 cts a barrel across the board,
effective yesterday, June 17.
The new price for West Texas Intermediate is 19.00 dlrs a
barrel. For West Texas Sour the new price is 18.10 dlrs a
barrel.
|
test/18763 | test/18763 |@title fed:1 add:1 reserve:1 via:1 customer:1 repurchase:1 |@word federal:1 reserve:2 enter:1 government:1 security:1 market:1 supply:1 temporary:1 indirectly:1 via:1 two:1 billion:1 dlrs:1 customer:1 repurchase:1 agreement:1 spokesman:1 new:1 york:1 fed:3 say:1 fund:1 trade:1 6:1 3:1 4:1 pct:1 begin:1 action:1 | FED ADDS RESERVES VIA CUSTOMER REPURCHASES
The Federal Reserve entered the
government securities market to supply temporary reserves
indirectly via two billion dlrs of customer repurchase
agreements, a spokesman for the New York Fed said.
Fed funds were trading at 6-3/4 pct when the Fed began
its action.
|
test/18765 | test/18765 |@title national:1 intergroup:1 nii:1 unit:1 raise:1 crude:1 price:1 |@word permian:1 corp:1 subsidiary:1 national:1 intergroup:1 say:2 raise:1 crude:1 oil:1 posting:1 50:1 ct:1 barrel:2 effective:1 june:1 17:1 company:1 new:1 post:1 price:2 west:2 texas:2 intermediate:1 sour:1 19:2 dlrs:1 light:1 louisiana:1 sweet:1 35:1 hike:1 follow:1 increase:1 industrywide:1 | NATIONAL INTERGROUP <NII> UNIT RAISES CRUDE PRICES
Permian Corp, a subsidiary of National
Intergroup, said it raised its crude oil postings by 50 cts a
barrel, effective June 17.
the company said its new posted price for West Texas
Intermediate and West Texas Sour is 19 dlrs a barrel, while
Light Louisiana Sweet is now 19.35. The price hike follows
other increases industrywide.
|
test/18768 | test/18768 |@title u:1 steel:1 firm:1 study:1 usx:1 unit:1 price:1 hike:1 |@word two:1 major:1 steel:3 company:2 say:3 study:2 price:3 increase:1 announce:1 yesterday:2 usx:1 corp:3 uss:2 steelmaking:1 division:1 spokesman:2 armco:1 inc:1 bethlehem:1 propose:1 hike:1 plan:1 raise:1 base:1 plate:3 product:2 20:1 dlrs:1 short:1 ton:1 five:1 pct:1 effective:1 shipment:1 october:1 4:1 ltv:2 co:1 unit:1 decline:1 comment:1 add:1 make:2 heavy:1 | U.S. STEEL FIRMS STUDY USX UNIT PRICE HIKE
Two major steel companies said they
were studying a price increase announced yesterday by USX
Corp's USS steelmaking division.
Spokesman for Armco Inc and Bethlehem Steel Corp said the
proposed price hike was under study.
Yesterday, USS said it plans to raise base prices on plate
products by 20 dlrs a short ton, or about five pct, effective
with shipments October 4.
A spokesman for LTV Steel Co, a unit of LTV Corp, declined
comment, adding that the company does not make heavy plate and
makes few other plate products.
|
test/18769 | test/18769 |@title standard:1 commercial:1 stob:1 4th:1 qtr:1 net:1 |@word qtr:3 end:1 march:1 31:1 shr:2 74:1 ct:2 vs:6 79:1 net:2 4:2 069:1 000:7 3:2 458:1 revs:2 173:1 2:3 mln:6 120:1 8:1 year:3 65:1 dlrs:7 73:1 13:1 11:1 9:1 618:1 520:1 7:1 note:1 full:1 name:1 standard:1 commercial:1 tobacco:1 co:1 late:1 include:2 tax:2 loss:3 carryforward:2 771:1 1:2 042:1 respectively:2 613:1 discontinued:1 operation:1 prev:1 469:1 902:1 | STANDARD COMMERCIAL <STOB.O> 4TH QTR NET
qtr ended March 31
Shr 74 cts vs 79 cts
Net 4,069,000 vs 3,458,000
Revs 173.2 mln vs 120.8 mln
Year
Shr 2.65 dlrs vs 2.73 dlrs
Net 13.3 mln vs 11.9 mln
Revs 618.4 mln vs 520.7 mln
NOTE: Full name is Standard Commercial Tobacco Co.
Latest qtr and year includes tax loss carryforwards of
771,000 dlrs and 1,042,000 dlrs, respectively, and a loss of
613,000 dlrs for discontinued operation. Prev qtr and year
includes tax loss carryforwards of 469,000 dlrs and 1,902,000
dlrs, respectively.
|
test/18773 | test/18773 |@title petro:1 canada:1 crude:1 32:1 ct:1 canadian:1 bbl:1 |@word petro:1 canada:1 state:1 oil:3 company:2 raise:1 post:1 price:3 sweet:2 sour:2 crude:4 32:1 ct:1 canadian:3 per:2 barrel:3 effective:1 today:1 say:1 change:1 bring:1 light:2 26:1 50:1 dlrs:2 23:1 77:1 edmonton:1 swann:1 hills:1 | PETRO-CANADA CRUDE UP 32 CTS CANADIAN/BBL
Petro-Canada, a state-owned oil
company, raised the posting prices of sweet and sour crude oils
32 cts Canadian per barrel, effective today, the company said.
The change brings the price of light sweet crude to 26.50
dlrs Canadian per barrel and the price of light sour crude to
23.77 dlrs Canadian a barrel. The crude oils are from
Edmonton/Swann Hills.
|
test/18774 | test/18774 |@title u:1 k:1 court:1 rule:1 rtz:1 oil:1 field:1 cost:1 |@word u:1 k:1 high:1 court:2 dismiss:1 appeal:2 rio:1 tinto:1 zinc:1 corp:1 plc:1 rtzl:1 l:1 rtz:3 oil:3 gas:1 ltd:1 unit:1 rule:1 financial:1 provision:5 company:4 make:2 future:2 cost:2 abandon:3 field:1 tax:4 deductible:3 press:1 association:1 report:1 decision:1 commissioner:1 capital:1 expenditure:2 revenue:1 tell:1 since:1 1976:1 annual:1 around:1 750:1 000:1 stg:1 eventual:1 rig:2 spokesman:1 say:3 ruling:2 worrying:1 subsidiary:1 assume:1 corporation:1 payable:1 would:3 bonus:1 win:1 budgeting:1 assumption:2 analyst:2 liability:1 share:1 industry:1 whole:1 appear:1 mean:1 relief:1 expensive:1 process:1 apply:1 expense:2 occur:1 build:1 account:1 one:1 add:1 | U.K. COURT RULES AGAINST RTZ ON OIL FIELD COSTS
The U.K. High Court dismissed an appeal
by Rio Tinto-Zinc Corp Plc's <RTZL.L> RTZ Oil and Gas Ltd unit
and ruled that the financial provisions a company makes for the
future cost of abandoning an oil field are not tax deductible,
the Press Association reported.
The company was appealing against a decision of the Tax
Commissioners that any such provision was a capital
expenditure, not a revenue expenditure, and was not deductible.
The court was told that since 1976 the company had made an
annual provision of around 750,000 stg for the eventual cost of
abandoning a rig.
An RTZ spokesman said the ruling was not worrying as the
subsidiary had assumed that the provisions were not deductible
from corporation tax payable.
It would have been a bonus if the company had won but all
budgeting had been on the assumption that it would not, he
said.
Oil analysts said that RTZ's assumption of liability was
shared by the industry as a whole.
The ruling appeared to mean that tax relief on the
expensive process of abandoning rigs would apply when the
expense occurred, not when provisions for future expenses were
built into the accounts, one analyst added.
|
test/18778 | test/18778 |@title southmark:1 sm:1 acquire:1 berg:1 ventures:1 |@word southmark:4 corp:1 say:3 acquire:1 berg:4 ventures:1 inc:1 manage:3 84:1 apartment:2 complex:1 18:1 000:3 unit:2 12:1 shopping:1 center:1 stretch:1 new:1 jersey:1 florida:1 control:1 affiliate:1 harmon:3 associates:2 term:1 disclose:1 acquisition:1 make:2 nation:1 large:1 management:1 firm:1 100:1 wing:1 also:1 become:1 partner:2 3:1 limited:1 capital:1 investment:1 300:1 mln:1 dlrs:1 property:1 | SOUTHMARK <SM> ACQUIRES BERG VENTURES
Southmark Corp said it acquired Berg
Ventures Inc, which manages 84 apartment complexes with over
18,000 units and 12 shopping centers stretching from New Jersey
to Florida that are controlled or affiliated with Berg Harmon
Associates. Terms were not disclosed.
Southmark said the acquisition makes it the nation's
largest apartment management firm with over 100,000 units under
its wing. Southmark also said it has become the managing
partner of Berg Harmon Associates. Over 3,000 Berg Harmon
Limited partners have made capital investments of over 300 mln
dlrs in the properties now managed by Southmark.
|
test/18779 | test/18779 |@title 18:2 jun:2 1987:2 |@word | 18-JUN-1987
18-JUN-1987
|
test/18781 | test/18781 |@title growth:1 palm:1 oil:1 use:1 set:1 slow:1 output:1 rise:1 |@word rate:2 increase:3 world:3 palm:5 oil:8 use:2 likely:2 slow:2 next:10 season:9 despite:1 expect:7 800:1 000:4 tonne:11 production:1 rise:3 8:5 13:1 mln:10 siegfrie:1 mielke:6 editor:1 hamburg:1 base:1 newsletter:1 say:8 tell:1 8th:1 antwerp:1 fat:1 contact:1 day:1 oct:1 sept:1 1987:1 88:1 25:1 7:7 71:1 five:1 year:6 average:1 550:1 open:1 stock:8 start:3 october:5 1:1 4:4 300:1 early:1 level:2 bring:1 total:2 supply:2 9:3 5:7 anticipate:2 500:1 available:1 amount:1 mature:2 tree:1 area:3 malaysia:2 offset:1 expansion:2 indonesia:1 estimate:2 combine:1 malaysian:1 indonesian:1 pct:4 6:2 1989:1 0:2 1990:1 also:3 shift:1 planting:1 sabah:1 sarawak:1 high:2 peninsula:1 yield:1 low:2 usage:2 ratio:3 seven:1 major:1 decline:3 soybean:2 cottonseed:1 sunflowerseed:1 coconut:1 rapeseed:1 palmkernel:1 1986:1 unusually:2 represent:1 week:7 current:1 prospective:1 demand:1 compare:1 six:1 ago:1 1984:1 fall:2 end:5 11:1 last:1 oilseed:1 course:1 big:1 reduction:1 see:1 one:1 fifth:1 almost:1 occur:1 u:1 10:1 393:1 bushel:2 15:1 551:1 | GROWTH OF PALM OIL USE SET TO SLOW, OUTPUT TO RISE
The rate of increase in world palm oil
use is likely to slow next season despite an expected 800,000
tonne production rise to 8.13 mln tonnes, Siegfried Mielke,
editor of the Hamburg-based newsletter Oil World said.
He told the 8th Antwerp Oils and Fats Contact Days that in
the next Oct/Sept 1987/88 season, palm oil use will rise to
8.25 mln tonnes from 7.71 mln, below the five-year average
increase of 550,000 tonnes.
Opening stocks at the start of next October are expected
to be about 1.4 mln tonnes, 300,000 tonnes below year-earlier
levels, bringing total supplies to 9.5 mln tonnes, he said.
The anticipated total supplies will be about 500,000 tonnes
above this season's available amount, Mielke said.
The increase in mature palm tree areas in Malaysia will
slow down from this year on, but that will be offset by area
expansion in Indonesia, he said.
He estimated the combined rise in Malaysian and Indonesian
mature area at 8.7 pct next year, after 9.5 pct this year, and
at 6.7 pct in 1989 and 5.0 pct in 1990.
Malaysia also is shifting plantings to Sabah and Sarawak,
where the rate of expansion is higher than in the Peninsula,
but where yields are lower, he said.
The stocks/usage ratio of seven major oils is also
expected to decline, Mielke said. The oils are soybean,
cottonseed, sunflowerseed, coconut, rapeseed, palmkernel and
palm.
At the start of October 1986 stocks of these oils were
unusually high and represented 6.8 weeks of the current
season's prospective demand, compared with six weeks a year ago
and with 5.4 weeks in 1984, he said.
Mielke expects the ratio to fall to 5.9 weeks by the start
of next October and to the unusually low level of 5.4 weeks by
the end of next season.
The stocks/usage ratio for palm oil was 11.4 weeks last
October and is likely to be 8.7 weeks next October and 7.7 at
the end of next season, Mielke said.
World oilseed stocks also are expected to fall in the
course of the next season, with the biggest reduction seen in
soybean stocks, which Mielke expects to decline by 5.0 mln
tonnes or by one fifth.
Almost all of the decline is expected to occur in the U.S.,
for which he estimated ending stocks next season at 10.7 mln
tonnes, or 393 mln bushels, against anticipated ending stocks
of 15 mln tonnes, or 551 mln bushels, at the end of this
season.
|
test/18782 | test/18782 |@title pan:1 alberta:1 united:1 gas:1 settlement:1 approve:1 |@word pan:5 alberta:5 gas:4 ltd:1 say:3 1986:1 propose:1 settlement:1 united:3 pipe:1 line:1 co:1 houston:1 receive:1 unconditional:1 approval:1 u:1 federal:1 energy:1 regulator:1 commission:1 approve:1 deal:1 authorize:1 term:1 two:2 year:2 interim:2 contract:1 amendment:1 cash:1 payment:1 transportation:1 credit:1 customers:1 minimum:1 yearly:1 natural:1 take:2 commodity:1 price:1 pay:1 producer:1 50:1 mln:2 dlrs:1 period:1 least:1 average:1 40:1 cubic:1 foot:1 day:1 | PAN-ALBERTA/UNITED GAS SETTLEMENT APPROVED
Pan-Alberta Gas Ltd said its
1986 proposed settlement with United Gas Pipe Line Co, of
Houston, received unconditional approval by the U.S. Federal
Energy Regulator Commission.
Pan-Alberta said the approved deal authorized terms of a
two-year interim contract amendment, cash payments and
transportation credits for Pan-Alberta's customers, minimum
yearly natural gas takes by United and a two-year commodity
price. United will pay Pan-Alberta producers about 50 mln dlrs
over the interim period and take at least an average 40 mln
cubic feet a day of gas, Pan-Alberta said.
|
test/18783 | test/18783 |@title may:1 win:1 buy:1 allied:1 dey:1 brother:1 store:1 |@word may:3 department:2 store:3 co:2 say:2 terminate:1 agreement:1 allied:2 stores:1 corp:1 buy:1 ally:1 four:1 dey:1 brother:1 syracuse:2 n:2 condition:1 necessary:1 closing:1 meet:1 plan:1 make:1 acquisition:1 expansion:1 sibley:1 operate:1 rochester:1 buffalo:1 | MAY <MA> WON'T BUY ALLIED'S DEY BROTHERS STORES
May Department Stores Co said it
terminated an agreement with Allied Stores Corp to buy from
Allied the four Dey Brothers Stores in Syracuse, N.Y.
May and Allied said conditions necessary for the closing
were not met.
May had planned to make the acquisition an expansion of its
Sibley's Department Store Co, which operates in Syracuse,
Rochester and Buffalo, N.Y.
|
test/18789 | test/18789 |@title unocal:2 raise:2 crude:2 oil:2 posting:2 50:2 ct:2 bbl:4 wti:2 19:2 dlrs:2 |@word | UNOCAL RAISED CRUDE OIL POSTINGS 50 CTS/BBL, WTI NOW 19
DLRS/BBL
UNOCAL RAISED CRUDE OIL POSTINGS 50 CTS/BBL, WTI NOW 19
DLRS/BBL
|
test/18795 | test/18795 |@title unocal:1 ucl:1 raise:1 crude:1 oil:1 posting:1 50:1 ct:1 bbl:1 |@word unocal:2 say:3 raise:1 posting:1 crude:1 oil:1 50:1 ct:1 barrel:3 effective:1 june:1 17:1 company:1 post:2 west:2 texas:2 intermediate:1 sour:1 19:2 dlrs:2 new:1 light:1 louisiana:1 sweet:1 price:2 35:1 move:1 follow:1 wave:1 increase:1 initiate:1 sun:1 co:1 yesterday:1 | UNOCAL <UCL> RAISED CRUDE OIL POSTINGS BY 50 CTS/BBL
Unocal said it raised its postings for
crude oil by 50 cts a barrel, effective June 17. The company
said it is now posting West Texas Intermediate and West Texas
Sour at 19 dlrs a barrel.
Unocal said its new Light Louisiana Sweet posted price is
19.35 dlrs a barrel. the price move follows a wave of increases
initiated by Sun Co yesterday.
|
test/18798 | test/18798 |@title ecuador:1 trade:1 surplus:1 first:1 four:1 month:1 |@word ecuador:5 post:1 trade:1 surplus:2 10:1 6:2 mln:17 dlrs:5 first:3 four:3 month:3 1987:2 compare:6 271:1 7:3 period:4 1986:3 central:3 bank:3 say:3 late:1 monthly:1 report:1 suspend:1 sale:1 crude:3 oil:2 principal:1 export:3 product:3 march:1 earthquake:1 destroy:1 part:1 produce:1 infrastructure:1 around:3 639:1 import:1 628:1 3:5 771:1 500:1 respectively:2 last:2 year:2 256:1 1:2 403:1 january:1 may:4 sell:1 16:1 barrel:2 2:2 32:1 international:1 reserve:2 end:5 120:1 9:1 118:1 april:2 141:1 gold:1 165:1 124:1 | ECUADOR HAS TRADE SURPLUS IN FIRST FOUR MONTHS
Ecuador posted a trade surplus of 10.6 mln
dlrs in the first four months of 1987 compared with a surplus
of 271.7 mln in the same period in 1986, the central bank of
Ecuador said in its latest monthly report.
Ecuador suspended sales of crude oil, its principal export
product, in March after an earthquake destroyed part of its
oil-producing infrastructure.
Exports in the first four months of 1987 were around 639
mln dlrs and imports 628.3 mln, compared with 771 mln and 500
mln respectively in the same period last year.
Exports of crude and products in the first four months were
around 256.1 mln dlrs, compared with 403.3 mln in the same
period in 1986. The central bank said that between January and
May Ecuador sold 16.1 mln barrels of crude and 2.3 mln barrels
of products, compared with 32 mln and 2.7 mln respectively in
the same period last year.
Ecuador's international reserves at the end of May were
around 120.9 mln dlrs, compared with 118.6 mln at the end of
April and 141.3 mln at the end of May 1986, the central bank
said. gold reserves were 165.7 mln dlrs at the end of May
compared with 124.3 mln at the end of April.
|
test/18807 | test/18807 |@title reichhold:1 rci:1 raise:1 waferboard:1 resin:1 price:1 |@word reichhold:2 chemicals:1 inc:1 say:1 ltd:1 subsidiary:1 raise:1 price:1 seven:1 u:1 cent:1 per:1 pound:1 powder:1 phenolic:1 waferboard:1 resins:1 effective:1 july:1 1:1 due:1 sharp:1 increase:1 cost:1 phenol:1 | REICHHOLD <RCI> RAISES WAFERBOARD RESIN PRICES
Reichhold Chemicals Inc said
its Reichhold Ltd subsidiary has raised prices seven U.S. cent
per pound on powdered phenolic waferboard resins, effective
July 1, due to sharp increases in the cost of phenol.
|
test/18810 | test/18810 |@title diamond:1 shamrock:1 drm:1 raise:1 crude:1 posting:1 |@word diamond:1 shamrock:1 r:1 say:2 raise:1 crude:2 oil:1 contract:1 price:2 50:1 ct:1 barrel:2 effective:1 june:1 17:1 company:2 new:1 posting:1 west:1 texas:1 intermediate:1 19:1 dlrs:1 increase:1 follow:1 similar:1 move:1 several:1 | DIAMOND SHAMROCK <DRM> RAISES CRUDE POSTINGS
Diamond Shamrock R and M said it raised
its crude oil contract prices by 50 cts a barrel, effective
June 17.
The company said its new posting for West Texas
Intermediate crude is 19 dlrs a barrel. The price increase
follows similar moves by several other companies.
|
test/18811 | test/18811 |@title xerox:1 xrx:1 affiliate:1 sell:1 african:1 unit:1 |@word xerox:11 corp:1 affiliate:4 rank:6 ltd:2 say:4 sign:1 definitive:1 agreement:2 sell:2 south:3 africa:3 pty:1 altron:3 group:1 alrn:1 undisclosed:1 term:1 preliminary:1 fintech:2 unit:3 reach:1 march:1 completion:1 sale:1 await:1 approval:1 shareholder:1 review:1 johannesburg:1 stock:1 exchange:1 found:1 1964:1 wholly:2 manufacture:1 market:1 product:1 eastern:1 hemisphere:1 800:1 man:1 workforce:1 40:1 pct:1 black:1 colored:1 asian:1 company:1 become:1 | XEROX <XRX> AFFILIATE TO SELL S.AFRICAN UNIT
Xerox Corp's affiliate Rank Xerox Ltd
said it signed a definitive agreement to sell its Rank Xerox
South Africa Pty Ltd affiliate to Altron Group <ALRN.O>, for
undisclosed terms.
Xerox said the preliminary agreement to sell the affiliate
to Fintech, an Altron unit, had been reached in March. Xerox
said completion of the sale awaits approval of Fintech
shareholders and a review by the Johannesburg Stock Exchange.
Rank Xerox South Africa was founded in 1964 as a wholly
owned unit of Rank Xerox, the Xerox affiliate that manufactures
and markets Xerox products in the Eastern Hemisphere.
Rank Xerox said that of the 800-man workforce of Rank Xerox
South Africa, 40 pct are black, colored or Asian. The company
will become a wholly owned unit of Altron.
|
test/18816 | test/18816 |@title monolithic:1 memories:1 inc:1 mmic:1 3rd:1 qtr:1 net:1 |@word qtr:1 end:1 june:1 7:1 shr:2 six:1 ct:4 vs:6 17:1 net:2 1:1 332:1 000:4 3:2 658:1 sale:2 58:1 mln:4 51:1 6:2 nine:1 mth:1 40:1 25:1 8:1 875:1 5:1 034:1 158:1 4:1 133:1 | MONOLITHIC MEMORIES INC <MMIC.O> 3RD QTR NET
Qtr ended June 7
Shr six cts vs 17 cts
Net 1,332,000 vs 3,658,000
Sales 58.3 mln vs 51.6 mln
Nine mths
Shr 40 cts vs 25 cts
net 8,875,000 vs 5,034,000
Sales 158.4 mln vs 133.6 mln
|
test/18824 | test/18824 |@title dupont:2 unit:2 raise:2 crude:2 oil:2 posting:2 50:2 ct:2 bbl:2 effective:2 yesterday:2 |@word | DUPONT UNIT RAISES CRUDE OIL POSTINGS 50 CTS/BBL,
EFFECTIVE YESTERDAY
DUPONT UNIT RAISES CRUDE OIL POSTINGS 50 CTS/BBL,
EFFECTIVE YESTERDAY
|
test/18828 | test/18828 |@title apply:1 solar:1 energy:1 corp:1 solr:1 2nd:1 qtr:1 net:1 |@word qtr:2 end:1 may:1 2:1 oper:5 shr:4 profit:4 three:1 ct:6 vs:6 loss:4 five:1 net:2 115:1 000:9 dlrs:3 152:1 revs:2 7:2 652:1 4:1 279:1 six:2 mth:2 ten:1 34:1 342:1 1:1 149:1 14:1 0:1 mln:1 398:1 note:1 datum:1 include:1 extraordinary:1 gain:1 28:1 one:1 per:2 2nd:1 1987:1 118:1 four:1 | APPLIED SOLAR ENERGY CORP <SOLR.O> 2ND QTR NET
Qtr ended May 2
Oper shr profit three cts vs loss five cts
Oper net profit 115,000 dlrs vs loss 152,000
Revs 7,652,000 vs 4,279,000
Six mths
Oper shr profit ten cts vs loss 34 cts
Oper net profit 342,000 vs loss 1,149,000
Revs 14.0 mln vs 7,398,000
Note: oper data does not include extraordinary gain of
28,000 dlrs, or one ct per shr, in 2nd qtr 1987 or or 118,000
dlrs, or four cts per shr, in six mths.
|
test/18830 | test/18830 |@title convergent:1 solutions:1 inc:1 csol:1 2nd:1 qtr:1 net:1 |@word march:1 31:1 end:1 shr:2 profit:6 14:1 ct:3 vs:8 loss:2 two:1 net:3 345:1 544:1 48:1 097:1 sale:2 1:4 032:1 224:1 514:1 656:1 avg:2 shrs:2 2:4 420:1 925:2 289:1 1st:1 half:2 21:1 nil:1 496:1 714:1 5:1 602:1 649:1 860:1 099:1 379:1 407:1 334:1 222:1 591:1 note:1 prior:1 include:1 849:1 dlr:1 tax:1 credit:1 | CONVERGENT SOLUTIONS INC <CSOL.O> 2ND QTR NET
March 31 end
Shr profit 14 cts vs loss two cts
Net profit 345,544 vs loss 48,097
Sales 1,032,224 vs 514,656
Avg shrs 2,420,925 vs 2,289,925
1st half
Shr profit 21 cts vs profit nil
Net profit 496,714 vs profit 5,602
Sales 1,649,860 vs 1,099,379
Avg shrs 2,407,334 vs 2,222,591
NOTE: Prior half net includes 1,849 dlr tax credit.
|
test/18832 | test/18832 |@title barricini:1 foods:1 inc:1 1st:1 qtr:1 loss:1 |@word shr:1 loss:4 three:2 ct:2 vs:4 net:1 78:1 456:1 95:1 812:1 sale:1 513:1 607:1 283:1 043:1 avg:1 shrs:1 3:1 106:1 000:1 2:1 933:1 333:1 | <BARRICINI FOODS INC> 1ST QTR LOSS
Shr loss three cts vs loss three cts
Net loss 78,456 vs loss 95,812
Sales 513,607 vs 283,043
Avg shrs 3,106,000 vs 2,933,333
|
test/18835 | test/18835 |@title european:1 community:1 criticise:1 u:1 trade:1 measure:1 |@word european:2 community:2 ec:3 accuse:1 united:4 states:4 violate:3 political:2 commitment:3 free:2 trade:9 practice:2 include:1 tax:4 import:6 gasoline:1 customs:1 user:3 fee:3 ambassador:1 tran:3 van:1 thinh:1 make:1 formal:2 charge:4 surveillance:3 body:3 general:1 agreement:1 tariffs:1 gatt:9 spokesman:1 david:1 woods:1 tell:1 reporter:1 wood:1 also:1 say:2 join:1 criticise:2 brazil:1 extend:1 list:2 product:2 license:1 temporarily:1 suspend:1 improve:1 balance:1 payment:1 japan:1 rule:6 restrict:1 agricultural:1 licensing:1 system:1 ask:1 consultation:1 tokyo:1 issue:1 measure:1 contravene:1 halt:1 reverse:1 barrier:1 pledge:1 minister:2 punta:1 del:1 este:1 last:2 september:1 establish:1 four:1 year:2 uruguay:2 round:3 negotiate:1 13:1 area:1 set:2 monitor:1 know:2 jargon:1 standstill:1 rollback:1 washington:2 superfund:2 oil:3 custom:2 removal:1 special:1 machine:1 tool:1 category:1 fsc34:1 government:1 procurement:1 reason:1 national:1 security:1 warren:1 lavorel:1 u:2 official:1 defend:1 policy:1 send:1 record:1 today:1 talk:1 negotiating:1 committee:1 oversee:1 decide:1 action:1 already:1 subject:1 dispute:3 panel:2 outside:1 legality:1 council:1 yesterday:1 adopt:1 report:1 breach:1 call:1 modify:1 legislation:1 mexico:1 canada:1 along:1 bring:1 | EUROPEAN COMMUNITY CRITICISES U.S TRADE MEASURES
The European Community (EC) accused the
United States of violating a political commitment to free trade
through practices including a tax on imported gasoline and a
customs user fee.
EC ambassador Tran Van-Thinh made the formal charge to the
surveillance body of the General Agreement on Tariffs and Trade
(GATT), GATT spokesman David Woods told reporters.
Woods also said the EC was joined by the United States in
criticising Brazil for extending its list of products for which
import licenses have been temporarily suspended, so as to
improve its balance of payments.
The United States charged Japan with violating GATT rules
by restricting imports of agricultural products through an
import licensing system. The United States asked for
consultations with Tokyo on the issue.
Tran charged that the trade measures contravened a
political commitment to halt and reverse trade barriers,
pledged by ministers in Punta del Este last September.
When ministers established the four year Uruguay round to
negotiate freer trade in 13 areas, they set up the GATT
surveillance body to monitor this commitment, known in GATT
jargon as 'standstill and rollback.'
Tran criticised Washington for the 'superfund' tax on oil
imports, a customs user fee, and the removal of a special
machine tool (known as category FSC34) from its government
procurement list for reasons of national security.
Warren Lavorel, a U.S. Trade official, defended the
policies, saying they did not violate GATT trade rules.
The surveillance body will send a record of today's talks
to the Trade Negotiating Committee, which oversees the round,
to decide any further action on the charges.
The oil tax and customs user fee have already been the
subject of formal GATT dispute panels set up outside the
Uruguay Round to rule on the legality of the practices.
The ruling GATT Council yesterday adopted a dispute panel's
report and ruled that the U.S. Superfund tax on oil imports
breached trade rules. It called on Washington to modify its
legislation.
Mexico and Canada, along with the European Community,
brought the dispute to the GATT last year.
|
test/18840 | test/18840 |@title dupont:1 unit:1 raise:1 crude:1 oil:1 posting:1 |@word conoco:3 inc:1 subsidiary:1 dupont:1 denemours:1 dd:1 say:1 raise:2 contract:1 price:2 pay:1 grade:2 crude:2 oil:1 50:2 ct:2 barrel:4 effective:1 yesterday:1 increase:1 bring:1 post:1 west:2 texas:2 intermediate:1 19:2 00:1 dlrs:3 sour:1 34:1 api:1 stand:1 18:1 10:1 light:1 louisiana:1 also:1 35:1 last:1 change:1 posting:1 may:1 21:1 | DUPONT UNIT RAISES CRUDE OIL POSTINGS
Conoco Inc, a subsidiary of duPont
deNemours <DD>, said it raised the contract price it will pay
for all grades of crude oil 50 cts a barrel, effective
yesterday.
The increase brings Conoco's posted price for West Texas
Intermediate to 19.00 dlrs a barrel. The West Texas Sour grade,
at 34 API, now stands at 18.10 dlrs a barrel. Light Louisiana
was also raised 50 cts to 19.35 dlrs barrel.
Conoco last changed its crude postings on May 21.
|
test/18842 | test/18842 |@title allegheny:1 international:1 ag:1 sell:1 three:1 unit:1 |@word allegheny:2 international:1 inc:4 say:2 sell:1 chemetron:2 railway:4 products:2 true:1 temper:1 appliances:1 axle:1 co:1 unit:2 newly:1 form:2 undisclosed:1 term:1 new:1 company:1 senior:1 management:1 three:1 product:1 kleinwort:1 benson:1 group:1 london:1 | ALLEGHENY INTERNATIONAL <AG> SELLS THREE UNITS
Allegheny International Inc said it
has sold its Chemetron Railway Products Inc, True Temper
Railway Appliances Inc and Allegheny Axle Co units to
newly-formed Chemetron Railway Products Inc for undisclosed
terms.
It said the new company was formed by senior management of
the three railway product units and Kleinwort Benson Group of
London.
|
test/18849 | test/18849 |@title zambian:1 copper:1 industry:1 hope:1 steady:1 output:1 |@word zambia:8 copper:8 mining:3 industry:9 hope:1 achieve:2 maintain:1 production:10 500:3 000:8 tonne:10 year:12 next:1 despite:1 low:4 world:4 price:2 deteriorate:2 ore:2 shortage:3 mine:2 inputs:1 official:5 say:9 decision:1 abandon:1 last:2 may:2 1:2 tough:1 international:2 monetary:2 fund:3 imf:2 economic:2 recovery:1 program:1 introduce:2 element:1 uncertainty:1 plan:6 restructure:1 ail:1 boost:1 profitability:2 government:3 control:1 consolidated:1 zccm:13 1987:1 financial:3 end:4 march:2 31:2 improve:2 slightly:1 471:1 record:2 1986:3 463:2 354:2 convinced:1 1988:1 could:2 well:1 due:2 great:1 availability:1 spare:3 equipment:2 cobalt:1 another:1 strategic:1 income:1 earner:1 also:3 tailor:1 meet:1 demand:1 finish:1 4:1 565:1 911:1 high:2 previous:1 good:1 date:1 protract:1 metal:1 badly:1 hit:3 fifth:1 big:1 producer:1 monopolise:1 account:1 90:1 pct:2 country:1 foreign:3 exchange:4 earning:2 seriously:1 affect:2 recent:1 breakdown:1 part:2 fuel:2 lubricant:1 output:2 compare:3 peak:1 1975:1 700:1 five:2 investment:1 launch:1 1984:1 european:1 community:1 african:1 development:1 bank:2 foresee:1 shutdown:1 seven:1 metallurgical:1 unit:1 ground:1 unprofitable:1 second:1 large:1 employer:1 intend:1 lay:1 20:1 60:1 workforce:1 250:1 mln:4 dlrs:1 far:1 channel:1 bid:1 efficiency:1 restructuring:1 company:1 although:1 reserve:1 deplete:1 continue:2 produce:1 beyond:1 century:1 though:1 level:2 source:1 project:1 pre:1 tax:2 profit:4 would:2 around:1 kwacha:6 current:1 mineral:1 export:2 levy:1 net:3 loss:2 likely:1 register:1 718:1 19:1 auction:1 system:2 1985:1 rise:1 value:1 fall:1 21:1 dollar:4 two:1 president:1 kenneth:1 kaunda:1 abolish:1 auctioning:1 inspire:1 announce:1 pursue:1 go:2 alone:1 strategy:1 base:1 national:1 resource:1 still:2 cautious:1 effect:1 break:2 consult:1 see:1 new:3 measure:1 early:1 shall:1 fare:1 situation:1 peter:1 hansen:1 director:1 operation:1 third:1 hierarchy:1 tell:2 reuters:1 analyst:1 believe:1 officially:1 fix:1 rate:3 eight:1 specialist:1 talk:1 even:1 point:1 10:1 per:2 frederick:1 chiluba:1 leader:1 zambian:2 congress:1 trade:1 union:1 cost:1 bedevil:1 mines:1 relatively:1 expensive:1 69:1 cent:3 pound:1 55:1 united:1 states:1 40:1 chile:1 face:1 transport:2 problem:1 landlocke:1 confirm:1 stop:1 sbende:1 south:2 africa:1 80:1 shipment:1 35:1 month:1 send:1 rail:1 tanzanian:1 port:2 dar:1 es:1 salaam:1 5:1 via:1 zimbabwe:1 mozambique:1 beira:1 often:1 wagon:1 | ZAMBIAN COPPER INDUSTRY HOPES FOR STEADY OUTPUT
Zambia's copper mining industry is hoping
to achieve and maintain production at over 500,000 tonnes a
year in the next few years despite low world prices,
deteriorating ores and shortages of mine inputs, industry
officials said.
But Zambia's decision to abandon last May 1 a tough
International Monetary Fund (IMF) economic recovery program has
introduced an element of uncertainty into plans to restructure
the ailing industry and boost profitability, they said.
Copper production by the government-controlled Zambia
Consolidated Copper Mines (ZCCM) for the 1987 financial year
ended March 31 improved slightly to about 471,000 tonnes from a
record 1986 low of 463,354 tonnes.
'We are convinced that by the end of the 1988 financial
year, copper production could well be over 500,000 tonnes due
to greater availability of spares and equipment,' a ZCCM
official said.
ZCCM officials said the production of cobalt, another
strategic income earner, will also be tailored to meet demand.
Finished production in 1986 was 4,565 tonnes, 911 tonnes
higher than the previous year and the best production achieved
to date.
Protracted low world metal prices have badly hit the copper
industry in Zambia, the world's fifth biggest producer. Mining
is monopolised by ZCCM and accounts for about 90 pct of the
country's foreign exchange earnings.
Production has also been seriously affected in recent years
by equipment breakdowns, deteriorating ore and shortages of
spare parts, fuel and lubricants. The 463,354 tonnes output
last year compared with a peak 1975 output of 700,000 tonnes.
A five-year production and investment plan launched in 1984
by ZCCM is being funded by the European Community, the African
Development Bank and the World Bank.
The plan foresees the shutdown of some seven mining and
metallurgical units on the grounds they are unprofitable.
ZCCM, the second largest employer after the government, has
said it intends to lay off 20,000 of its 60,000 workforce as
part of the plan.
More than 250 mln dlrs have so far been channelled into the
industry in a bid to improve efficiency and profitability under
the five-year restructuring plan.
Company officials said although reserves were being
depleted, Zambia could continue to produce copper beyond the
end of the century, though at lower levels of production.
Industry sources said ZCCM's projected pre-tax profit for
the financial year ended March 31 would be around 500 mln
kwacha. But with the current mineral export tax level being
levied, a net loss is likely to be registered.
ZCCM recorded a net loss of 718 mln kwacha in 1986 compared
with a net profit of 19 mln kwacha the year before.
Under the foreign exchange auction system introduced in
1985, ZCCM's profits from its foreign exchange earnings rose as
the value of the kwacha fell to 21 to the dollar from just over
two to the dollar.
But on May 1, President Kenneth Kaunda abolished the
auctioning system, inspired by the International Monetary Fund,
and announced Zambia would pursue a go-it-alone economic
strategy based on national resources.
ZCCM officials are still cautious over what effects the
break with the IMF will have on the industry's plans.
'We are still consulting to see how the new measures will
affect us but it is too early to say just how we shall fare
under the new situation,' Peter Hansen, director of operations
and third in the ZCCM hierarchy, told Reuters.
Some analysts believe the new officially-fixed exchange
rate of eight kwacha to the dollar will hit ZCCM's export
profits.
'Most specialists I have talked to tell me the break-even
point for ZCCM is a rate of 10 kwacha per dollar,' Frederick
Chiluba, leader of the Zambian Congress of Trade Unions said.
High production costs continue to bedevil the Zambian
industry.
Zambia mines copper at a relatively expensive rate of 69
cents per pound, compared with 55 cents in the United States
and under 40 cents in Chile.
The industry also faces transport problems due to Zambia
being landlocked. The government confirmed this year it had
stopped sBending copper south through South Africa.
Over 80 pct of shipments, some 35,000 tonnes a month, are
sent by rail to the Tanzanian port of Dar-es-Salaam, while
5,000 tonnes go via Zimbabwe to the Mozambique port of Beira.
Transport has often been hit by shortages of wagons, spares and
fuel.
|
test/18851 | test/18851 |@title rio:1 de:1 janeiro:1 docker:1 strike:1 wage:1 |@word rio:3 de:1 janeiro:1 3:1 500:1 dockworker:2 go:1 strike:2 indefinite:1 period:1 today:1 demand:2 wage:2 increase:2 spokesman:3 docker:2 say:3 get:1 support:1 colleague:1 santos:1 brazil:1 main:1 port:3 would:2 return:1 work:1 unless:1 meet:1 earlier:1 week:1 65:1 000:2 cancel:1 schedule:1 national:1 pressure:1 official:1 give:1 benefit:1 halt:1 cause:1 daily:1 loss:1 100:1 u:1 dlrs:1 | RIO DE JANEIRO DOCKERS STRIKE OVER WAGES
Rio de Janeiro's 3,500
dockworkers went on strike for an indefinite period today to
demand wage increases, a spokesman for the dockers said.
The Rio dockers did not get support from their colleagues
in Santos, Brazil's main port, but the spokesman said they
would not return to work unless their demands were met.
Earlier this week, some 65,000 dockworkers cancelled a
scheduled national strike to pressure port officials to give
them a wage increase and other benefits.
A Rio port spokesman said the halt would cause daily losses
of about 100,000 U.S. dlrs.
|
test/18852 | test/18852 |@title fluor:1 flr:1 win:1 general:1 electric:1 ge:1 contract:1 |@word fluor:2 corp:1 say:2 win:1 contract:2 general:1 electric:1 design:1 construct:2 deliver:2 module:1 methyl:2 chloride:2 process:1 addition:1 value:1 disclose:1 apply:1 engineering:1 co:1 unit:1 28:1 modular:1 section:1 ge:1 waterford:1 n:1 silicone:2 product:1 division:1 plant:1 integral:1 part:1 production:1 | FLUOR <FLR> WINS GENERAL ELECTRIC <GE> CONTRACT
Fluor Corp said it won a contract
with General Electric to design, construct and deliver modules
for a methyl chloride process addition.
The value of the contract was not disclosed.
Fluor said its Applied Engineering Co unit will construct
28 modular sections and deliver them to GE's Waterford, N.Y.
Silicone Products division plant.
Methyl chloride is an integral part of silicone production.
|
test/18856 | test/18856 |@title gencorp:2 say:2 agreement:2 sell:2 rko:2 picture:2 terminate:2 |@word | GENCORP SAID AGREEMENT TO SELL RKO PICTURES TERMINATED
GENCORP SAID AGREEMENT TO SELL RKO PICTURES TERMINATED
|
test/18857 | test/18857 |@title kelley:1 oil:2 kly:1 buy:1 property:1 |@word kelley:2 oil:3 gas:4 partners:1 ltd:1 say:3 agree:1 purchase:1 cf:1 industries:1 inc:1 natural:3 property:3 5:1 500:1 000:2 dlrs:1 effective:1 july:1 1:1 louisiana:1 prove:1 reserve:1 year:1 end:1 11:1 billion:1 cubic:1 foot:1 85:1 barrel:1 condensate:1 liquids:1 currently:1 work:1 interest:1 | KELLEY OIL <KLY> BUYING OIL PROPERTIES
Kelley Oil and Gas Partners Ltd said it
has agreed to purchase all of CF Industries Inc's oil and
natural gas properties for about 5,500,000 dlrs, effective July
1.
It said the Louisiana properties had proven reserves at
year-end of 11 billion cubic feet of natural gas and 85,000
barrels of oil, condensate and natural gas liquids.
Kelley said it currently owns working interests in some of
the properties.
|
test/18858 | test/18858 |@title tanzania:1 raise:1 fuel:1 price:1 taxis:1 1987:1 8:1 budget:1 |@word tanzanian:1 government:4 second:1 annual:1 budget:3 since:1 embark:1 economic:1 recovery:1 program:1 inspire:1 international:1 monetary:1 fund:1 announce:1 increase:2 fuel:1 price:1 sale:1 tax:1 high:2 levy:2 service:1 finance:2 minister:1 cleopa:1 msuya:2 say:2 expect:1 spend:1 77:1 33:1 billion:4 shilling:3 financial:1 year:4 1987:1 8:1 39:1 pct:5 estimate:1 revenue:1 would:3 provide:1 48:1 84:1 leave:1 deficit:4 28:1 49:1 domestic:1 foreign:1 loan:1 initially:1 project:1 3:1 35:1 mid:1 impose:1 new:1 taxis:1 keep:1 roughly:1 target:1 figure:1 final:1 avaialble:1 give:1 civil:1 servant:1 20:1 pay:1 rise:2 effect:1 july:1 1:1 compensate:1 inflation:1 30:1 regular:1 petrol:1 go:1 52:1 similar:1 cost:1 premium:1 kerosene:1 diesel:1 75:1 affect:1 official:1 transaction:1 road:1 toll:1 vehicle:1 transfer:1 various:1 licence:1 fee:1 add:1 | TANZANIA RAISES FUEL PRICES,TAXES IN 1987/8 BUDGET
The Tanzanian government, in its
second annual budget since embarking on an economic recovery
program inspired by the International Monetary Fund, announced
increases in fuel prices and sales tax and higher levies on
government services.
Finance Minister Cleopa Msuya said the government expected
to spend 77.33 billion shillings in the financial year 1987/8,
39 pct more than this year's estimate. Revenue would provide
48.84 billion shillings, leaving a deficit of 28.49 billion to
be financed through domestic and foreign loans.
This year's budget initially projected a deficit of only
3.35 billion shillings but in mid-year the government had to
impose new taxes to keep the deficit roughly on target. No
figure for the final deficit was avaialble.
The budget gave civil servants a 20 pct pay rise with
effect from July 1, to compensate for inflation of more than 30
pct.
Msuya said regular petrol would go up 52 pct, with similar
increases in the cost of premium and kerosene. Diesel would
rise by 75 pct.
The higher levies affect official transactions such as road
tolls, vehicle transfers and various licence fees, he added.
|
test/18859 | test/18859 |@title leaseway:1 transportation:1 ltc:1 complete:1 unit:1 sale:1 |@word leaseway:2 transportation:1 corp:1 say:2 complete:1 previously:1 announce:1 sale:2 puerto:1 rico:1 inc:1 subsidiary:1 caguas:1 central:1 federal:1 savings:1 bank:1 undisclosed:1 term:1 company:1 satisfy:1 condition:1 propose:1 acquisition:1 investor:1 group:1 lead:1 citicorp:1 cci:1 | LEASEWAY TRANSPORTATION <LTC>COMPLETES UNIT SALE
Leaseway Transportation Corp said it
has completed the previously-announced sale of its Leaseway of
Puerto Rico Inc subsidiary to Caguas Central Federal Savings
Bank for undisclosed terms.
The company said the sale satisfied a condition for its
proposed acquisition by an investor group led by Citicorp <CCI>.
|
test/18860 | test/18860 |@title ibc:1 details:1 plan:1 pay:1 creditor:1 |@word brazilian:1 coffee:3 institute:1 ibc:2 give:2 detail:1 plan:1 pay:2 18:1 company:1 buy:1 630:1 000:1 bag:1 robusta:1 london:1 market:1 behalf:1 last:1 september:1 spokesman:1 tell:1 reuters:1 15:2 mln:3 dlr:1 loan:1 banco:1 brasil:1 would:2 use:1 five:1 dlrs:2 month:1 june:2 july:1 august:1 creditor:1 say:1 auction:3 raise:2 additional:1 money:1 add:1 reuter:1 report:1 16:1 wrong:1 impression:1 necessary:1 part:1 date:1 yet:1 set:1 | IBC DETAILS PLANS TO PAY CREDITORS
The Brazilian Coffee Institute,
IBC, gave details of its plans to pay the 18 companies that
bought 630,000 bags of robusta coffee in the London market on
its behalf last September.
An IBC spokesman told Reuters that a 15 mln dlr loan from
the Banco do Brasil would be used to pay five mln dlrs a month
in June, July and August to creditors.
He said an auction of coffee would raise additional money
and added that a Reuter report on June 16 gave the wrong
impression that the auction was necessary to raise part of the
15 mln dlrs. No date has yet been set for the auction.
|
test/18861 | test/18861 |@title magellan:1 set:1 merger:1 balzac:1 investment:1 |@word magellan:7 corp:1 say:5 shareholder:2 approve:1 merger:4 balzec:1 investments:1 inc:1 privately:1 hold:2 company:4 base:1 dallas:1 without:1 operation:1 form:1 acquire:1 operating:1 entity:1 plan:1 engage:1 development:1 marketing:1 battery:1 charger:1 product:1 balzac:2 disclose:1 term:1 agreement:1 follow:2 80:1 pct:1 outstanding:1 stock:2 survive:1 corporation:1 expect:1 occur:1 declaration:1 effectiveness:1 amendment:1 registration:1 statement:1 relate:1 common:1 purchase:1 warrant:1 underlie:1 share:1 | MAGELLAN SETS MERGER WITH BALZAC INVESTMENTS
<Magellan Corp> said its shareholders
approved the merger of Magellan with <Balzec Investments Inc>,
a privately held company based in Dallas.
Magellan, a company without operations that was formed to
acquire an operating entity, said it plans to engage in the
development and marketing of a battery charger product owned by
Balzac.
Magellan did not disclose the terms of the agreement.
Following the merger, Balzac shareholders will hold 80 pct
of the outstanding stock of Magellan, the company said.
Magellan said it will be the surviving corporation
following the merger.
The companies said they expect the merger will occur after
the declaration of effectiveness of an amendment to Magellan's
registration statement relating to its common stock purchase
warrants and the underlying shares.
|
test/18863 | test/18863 |@title gencorp:1 gy:1 say:1 rko:1 unit:1 sale:1 terminate:1 |@word gencorp:1 say:2 agreement:1 sell:1 rko:1 picture:1 subsidiary:1 management:1 group:2 terminate:1 could:1 raise:1 necessary:1 financing:1 company:1 seek:1 buyer:1 unit:1 library:1 750:1 film:1 | GENCORP <GY> SAYS RKO UNIT SALE TERMINATED
GenCorp said its agreement to sell
its RKO Pictures subsidiary to a management group has been
terminated because the group could not raise the necessary
financing.
The company said it will again seek buyers for the unit and
its library of over 750 films.
|
test/18865 | test/18865 |@title rio:1 de:1 janeiro:1 dockers:1 strike:1 |@word rio:3 de:1 janeiro:1 3:1 500:1 dockworker:2 go:1 strike:2 indefinite:1 period:1 today:1 demand:2 wage:2 increase:2 spokesman:3 docker:2 say:3 get:1 support:1 colleague:1 santos:1 brazil:1 main:1 port:3 would:2 return:1 work:1 unless:1 meet:1 earlier:1 week:1 65:1 000:2 cancel:1 schedule:1 national:1 pressure:1 official:1 give:1 benefit:1 halt:1 cause:1 daily:1 loss:1 100:1 u:1 dlrs:1 | RIO DE JANEIRO DOCKERS STRIKE
Rio de Janeiro's 3,500
dockworkers went on strike for an indefinite period today to
demand wage increases, a spokesman for the dockers said.
The Rio dockers did not get support from their colleagues
in Santos, Brazil's main port, but the spokesman said they
would not return to work unless their demands were met.
Earlier this week, some 65,000 dockworkers cancelled a
scheduled national strike to pressure port officials to give
them a wage increase and other benefits.
A Rio port spokesman said the halt would cause daily losses
of about 100,000 U.S. Dlrs.
|
test/18867 | test/18867 |@title u:1 say:1 unfairly:1 protect:1 defense:1 industry:1 |@word britain:2 defence:3 minister:1 george:1 younger:4 say:5 u:5 unfairly:1 protect:1 industry:1 could:1 lead:1 british:5 firm:3 demand:1 counter:1 measure:2 tell:1 chamber:1 commerce:1 meeting:1 legislator:1 fail:1 realise:1 true:1 nature:1 two:1 way:1 street:1 term:1 idea:1 technology:2 equipment:1 parliamentary:1 report:1 march:1 award:1 34:1 mln:1 dlrs:2 worth:1 contract:2 strategic:1 initiative:1 compare:1 1:1 5:1 billion:1 hope:1 secure:1 committee:1 export:1 restriction:1 selectiveness:1 towards:1 foreign:2 contractor:1 deny:1 competitor:1 lucrative:1 order:1 largely:1 exclude:2 technological:1 research:1 sdi:1 london:1 give:2 company:2 condition:1 fair:1 open:1 competition:1 ask:1 similar:1 opportunity:1 add:1 new:1 american:1 legislation:1 aim:1 curb:1 unfair:1 subsidy:1 use:1 supplier:1 would:1 surprising:1 press:1 retaliatory:1 | U.S. SAID UNFAIRLY PROTECTING DEFENSE INDUSTRY
Britain's Defence Minister George Younger
said the U.S. Was unfairly protecting its defence industry, and
this could lead to British firms demanding counter-measures.
Younger told a U.S. Chamber of Commerce meeting that U.S.
Legislators were failing to realise 'the true nature of the
two-way street in terms of ideas, technology and equipment.
A British parliamentary report said that up to March
British firms had been awarded just 34 mln dlrs worth of
contracts for the Strategic Defence Initiative, compared with
the 1.5 billion dlrs Britain had hoped to secure.
The committee said U.S. Technology export restrictions and
'selectiveness' towards foreign contractors had denied British
competitors more lucrative orders and largely excluded them
from technological research for SDI.
Younger said London had given U.S. Companies contracts
under conditions of fair and open competition. 'All we ask is
for our companies to be given similar opportunities,' he added.
If new American legislation aimed at curbing unfair
subsidies was used to exclude foreign suppliers it would not be
surprising if British firms pressed for retaliatory measures,
Younger said.
|
test/18870 | test/18870 |@title godfrey:1 co:1 gdfy:1 1st:1 qtr:1 may:1 30:1 net:1 |@word shr:1 36:1 ct:2 vs:3 28:1 net:1 2:1 002:1 000:2 1:1 518:1 sale:1 166:1 0:1 mln:2 159:1 5:1 | GODFREY CO <GDFY.O> 1ST QTR MAY 30 NET
Shr 36 cts vs 28 cts
Net 2,002,000 vs 1,518,000
Sales 166.0 mln vs 159.5 mln
|
test/18872 | test/18872 |@title pinnacle:1 west:1 capital:1 pnw:1 buy:1 mineral:1 right:1 |@word pinnacle:1 west:1 capital:1 corp:2 say:2 malapai:1 resource:1 co:1 unit:1 buy:1 mineral:1 right:1 uranium:3 mining:1 21:1 000:3 acre:2 northern:1 wyome:1 westinghouns:1 electric:1 wx:1 property:2 adjacent:2 34:1 site:2 company:2 already:1 facility:1 expect:3 full:2 operation:1 early:1 1990:1 annual:1 production:2 one:1 two:1 mln:1 lb:2 concentrate:1 new:1 produce:1 250:1 first:1 year:1 1988:1 begin:1 1989:1 | PINNACLE WEST CAPITAL <PNW> BUYS MINERAL RIGHTS
Pinnacle West Capital Corp said
its Malapai Resources Co units bought the mineral rights for
uranium mining on about 21,000 acres in northern Wyoming from
Westinghouns Electric Corp <WX>.
The property is adjacent to a 34,000-acre site the company
already owns. Both facilities are at expected to be in full
operation in the early 1990s, with annual production of one to
two mln lbs of uranium concentrates, the company said.
The new site is expected to produce about 250,000 lbs of
uranium in its first full year of production in 1988. The
adjacent property is expected to begin in 1989.
|
test/18873 | test/18873 |@title west:1 texas:1 cotton:1 crop:1 unscathe:1 storm:1 |@word west:7 texas:7 cotton:5 crop:4 largely:1 unscathed:1 isolate:3 thunderstorm:1 region:2 last:1 night:1 pack:1 hurricane:2 force:2 wind:2 weather:3 expert:1 say:7 may:1 storm:4 certainly:1 nothing:1 damaging:2 charles:1 stichler:2 extension:2 agronomist:1 agricultural:1 service:1 far:2 rumor:1 help:1 new:1 york:1 future:1 market:1 rally:1 sharply:1 morning:2 december:1 delivery:1 1:1 35:1 cent:3 high:1 70:1 95:2 lb:1 midsession:1 peak:1 71:1 25:1 happen:2 hit:2 lubbock:2 airport:1 everybody:1 see:1 dale:1 mohler:3 senior:1 meteorologist:1 accu:1 inc:1 heart:1 produce:2 80:1 pct:3 state:1 75:1 mph:1 small:1 portion:1 area:1 probably:1 less:1 five:1 doubt:1 damage:1 july:1 august:1 fruit:1 would:2 underway:1 bad:1 60:1 plant:1 remainder:1 could:1 weekend:1 remain:1 hot:2 dry:1 temperature:1 since:1 mid:1 week:2 degree:1 spell:1 sorely:1 need:1 heavier:1 normal:1 rainfall:1 several:1 | WEST TEXAS COTTON CROP UNSCATHED BY STORM
The West Texas cotton crop was largely
unscathed by an isolated thunderstorm in that region last night
that packed hurricane-force winds, crop and weather experts
said.
'There might have been some isolated storms, but certainly
nothing damaging,' said Charles Stichler, an extension
agronomist with the Agricultural Extension Service in far West
Texas.
Rumors of a damaging storm in West Texas helped the New
York cotton futures market rally sharply this morning.
Cotton for December delivery was 1.35 cents higher at 70.95
cents a lb at midsession after peaking this morning at 71.25
cents.
'What happened is that the storm hit Lubbock airport, and
when that happens, everybody sees it,' said Dale Mohler, a
senior meteorologist with Accu-Weather Inc.
Lubbock is the heart of the West Texas cotton region, which
produces about 80 pct of that state's crop.
The storm produced winds of about 75 mph. 'That's hurricane
force. But they were isolated to just a small portion of the
West Texas area, probably less than five pct,' Mohler said.
'No doubt there was some damage. But if it had hit in July
or August (when fruiting would be underway) it would have been
worse,' Mohler said.
About 60 pct of the West Texas cotton crop has been
planted, and the remainder could be done by the weekend if
weather remains hot and dry, Stichler said.
The temperature in West Texas since mid-week has been about
95 degrees. But a hot spell was sorely needed after far heavier
than normal rainfall for several weeks, he said.
|
test/18875 | test/18875 |@title rochester:1 community:1 savings:1 bank:1 rcsb:1 2nd:1 |@word second:1 quarter:2 end:1 may:1 31:1 shr:3 27:1 ct:4 vs:4 na:2 net:4 3:2 560:1 mln:1 2:2 389:1 000:7 six:3 mth:3 57:1 7:1 881:1 5:1 415:1 note:1 year:1 ago:1 per:1 figure:1 available:1 bank:1 convert:1 stock:1 ownership:1 april:1 29:1 1986:2 1987:1 2nd:2 exclude:2 288:1 dlrs:4 17:1 share:2 4:1 648:1 33:1 respectively:2 tax:2 carryforward:2 qtr:1 667:1 043:1 | ROCHESTER COMMUNITY SAVINGS BANK <RCSB.O> 2ND
Second quarter ended May 31.
Shr 27 cts vs NA
Net 3,560 mln vs 2,389,000
Six mths
Shr 57 cts vs NA
Net 7,881,000 vs 5,415,000
NOTE: Year-ago per shr figures not available as bank
converted to stock ownership April 29, 1986.
1987 2nd quarter and six mth net excludes 2,288,000 dlrs or
17 cts a share and 4,648,000 dlrs or 33 cts a share,
respectively, for tax carryforwards.
1986 2nd qtr and six mth net excludes 667,000 dlrs and
3,043,000 dlrs, respectively, for tax carryforwards.
|
test/18882 | test/18882 |@title pennwalt:1 psm:1 make:1 acquisition:1 |@word pennwalt:1 corp:1 say:2 agree:1 principle:1 acquire:2 line:1 fungicide:1 insecticide:1 herbicidesand:1 related:1 manufacturing:1 facility:1 le:1 raffineries:1 de:1 soufre:1 reunie:1 marseille:1 undisclosed:1 term:1 subject:1 approval:1 bothe:1 board:1 government:1 authority:1 company:1 product:1 sell:1 mostly:1 france:1 use:1 grapevine:1 wheat:1 sugar:1 beet:1 sale:1 40:1 mln:1 dlrs:1 annually:1 | PENNWALT <PSM> TO MAKE ACQUISITION
Pennwalt corp said it has agreed in
principle to acquire a line of fungicides, insecticides and
herbicidesand related manufacturing facilities from Le
Raffineries de Soufre Reunies of Marseilles for undisclosed
terms, subject to approval by bothe boards and government
authorities.
The company said the acquired products are sold mostly in
FRance for use on grapevines, wheat and sugar beets and sales
are about 40 mln dlrs annually.
|
test/18888 | test/18888 |@title african:1 union:1 object:1 plan:1 matthey:1 move:1 |@word south:2 african:2 trade:1 union:4 dispute:1 subsidiary:2 britain:1 johnson:2 matthey:3 plc:1 company:1 proposal:1 move:4 platinum:6 refinery:3 near:1 johannesburg:2 black:2 tribal:2 homeland:3 30:1 000:1 member:1 mainly:1 chemical:1 worker:2 industrial:1 say:3 fear:1 plan:1 bophuthatswana:1 recognise:1 could:1 lead:1 job:1 loss:1 affect:1 wage:1 mass:1 dismissal:1 last:1 year:1 impala:1 holdings:2 ltd:4 ipla:1 j:1 mine:2 send:1 world:2 price:1 rocket:1 talk:1 management:1 propose:1 break:1 early:1 ballot:1 show:1 favour:1 strike:2 add:1 final:1 decision:1 take:1 action:1 process:1 metal:1 rustenburg:3 large:1 producer:1 joint:1 turn:1 group:1 consolidated:1 investment:1 co:1 | S. AFRICAN UNION OBJECTS TO PLANNED MATTHEY MOVE
A South African trade union is in
dispute with a subsidiary of Britain's Johnson Matthey Plc over
the company's proposal to move a platinum refinery near
Johannesburg to a black tribal homeland.
The 30,000-member mainly black Chemical Workers Industrial
Union said it fears the planned move to the Bophuthatswana
homeland, where South African unions are not recognised, could
lead to job losses and affect wages.
A mass dismissal last year at the Impala Platinum Holdings
Ltd <IPLA.J> mines in the tribal homeland sent world platinum
prices rocketing.
The union said talks with management over the proposed move
had broken down. It said an earlier ballot of refinery workers
showed that most favoured striking over the move but added that
no final decision had been taken on strike action.
The refinery processes all platinum metals of Rustenburg
Platinum Holdings Ltd, the world's largest platinum producer.
It is owned by Matthey Rustenburg Ltd, a joint-subsidiary
of Johnson Matthey and Rustenburg which, in turn, is owned by
mining group Johannesburg Consolidated Investment Co Ltd.
|
test/18895 | test/18895 |@title leader:1 development:1 ldco:1 merger:1 approve:1 |@word leader:2 development:1 corp:2 say:2 shareholder:1 annual:1 meeting:1 approve:1 acquisition:1 privately:1 hold:1 clinton:2 american:1 two:1 relate:1 partnership:1 3:1 450:1 000:1 common:1 share:1 transaction:1 account:1 pooling:1 interest:1 company:1 president:2 f:1 daniel:1 ryan:1 become:1 | LEADER DEVELOPMENT <LDCO.O> MERGER APPROVED
Leader Development Corp said
shareholders at the annual meeting approved the acquisition of
privately-held Clinton American Corp and two related
partnerships for 3,450,000 common shares, with the transaction
to be accounted for as a pooling of interests.
The company said Clinton president F. Daniel Ryan will
become president of Leader.
|
test/18896 | test/18896 |@title cheyenne:1 chyn:1 buy:1 interest:1 property:1 |@word cheyenne:3 resources:1 inc:1 say:4 purchase:1 interest:3 four:1 produce:1 oil:2 gas:2 property:3 2:1 240:1 000:2 share:1 company:2 restrict:1 stock:1 large:1 25:1 pct:2 well:1 weld:1 county:1 colo:1 five:1 less:1 three:1 realize:1 10:1 dlrs:1 net:1 income:1 monthly:1 current:1 production:1 level:1 | CHEYENNE <CHYN.O> BUYS INTERESTS IN PROPERTIES
Cheyenne Resources Inc said it
purchased interests in four producing oil and gas properties
for 2,240,000 shares of the company's restricted stock.
The largest interest was 25 pct of an oil and gas well in
Weld County, Colo, the company said. Cheyenne said it had five
pct or less interest in the three other properties.
Cheyenne said it should realized 10,000 dlrs net income
monthly at the properties' current production levels.
|
test/18898 | test/18898 |@title crane:1 cr:1 acquire:1 asset:1 marley:1 unit:1 |@word crane:2 co:3 say:2 acquire:1 certain:1 asset:1 chicago:2 heater:2 inc:1 wholly:1 subsidiary:1 marley:1 term:1 transaction:1 disclose:1 intergrate:1 cochrane:1 environment:1 systems:1 division:1 company:1 | CRANE <CR> ACQUIRES ASSETS OF MARLEY UNIT
Crane Co said it acquired certain
assets of Chicago Heater Co Inc, a wholly owned subsidiary of
the <Marley Co>.
The terms of the transaction were not disclosed.
Chicago Heater will be intergrated with Crane's Cochrane
Environment Systems division, the company said.
|
test/18899 | test/18899 |@title ec:1 increase:1 special:1 feed:1 wheat:1 tender:1 trade:1 |@word european:1 community:1 ec:1 increase:2 size:1 two:1 special:1 export:1 tender:3 british:2 west:2 german:2 feed:2 wheat:2 hold:1 intervention:1 store:1 include:1 south:2 korea:2 acceptable:1 destination:2 trader:1 say:1 originally:1 120:2 000:4 tonne:4 shipment:1 poland:1 tranche:1 50:1 170:1 add:1 possible:1 open:1 june:1 24:1 | EC INCREASES SPECIAL FEED WHEAT TENDERS - TRADE
The European Community (EC) has increased
the size of two special export tenders for British and West
German feed wheat held in intervention stores and included
South Korea as an acceptable destination, traders said.
The tender was originally for 120,000 tonnes of British and
120,000 tonnes of West German feed wheat for shipment only to
Poland.
But now both tranches have been increased by 50,000 tonnes
to 170,000 tonnes with South Korea added as a possible
destination. Both tenders are open from June 24.
|
test/18902 | test/18902 |@title tanzania:1 raise:1 fuel:1 price:1 taxis:1 budget:1 |@word tanzanian:1 government:3 second:1 annual:1 budget:1 since:1 embark:1 economic:1 recovery:1 program:1 inspire:1 international:1 monetary:1 fund:1 announce:1 increase:2 fuel:1 price:1 sale:1 tax:1 high:1 levy:1 service:1 finance:2 minister:1 cleopa:1 msuya:2 say:2 regular:1 petrol:1 would:3 go:1 52:1 pct:3 similar:1 cost:1 premium:1 kerosene:1 diesel:1 rise:1 75:1 expect:1 spend:1 77:1 33:1 billion:3 shilling:2 financial:1 year:2 1987:1 8:1 39:1 estimate:1 revenue:1 provide:1 48:1 84:1 leave:1 deficit:1 28:1 49:1 domestic:1 foreign:1 loan:1 | TANZANIA RAISES FUEL PRICES, TAXES IN BUDGET
The Tanzanian government, in its
second annual budget since embarking on an economic recovery
program inspired by the International Monetary Fund, announced
increases in fuel prices and sales tax and higher levies on
government services.
Finance Minister Cleopa Msuya said regular petrol would go
up 52 pct, with similar increases in the cost of premium and
kerosene. Diesel would rise by 75 pct.
Msuya said the government expected to spend 77.33 billion
shillings in the financial year 1987/8, 39 pct more than this
year's estimate. Revenue would provide 48.84 billion shillings,
leaving a deficit of 28.49 billion to be financed through
domestic and foreign loans.
|
test/18904 | test/18904 |@title canada:1 bank:1 rate:1 rise:1 8:1 59:1 pct:1 |@word canada:2 bank:3 rate:2 rise:1 marginally:1 8:6 59:1 pct:8 58:1 last:6 week:9 say:1 set:1 one:1 quarter:1 percentage:1 point:1 average:6 yield:4 weekly:1 issue:1 91:5 day:7 treasury:1 bill:7 34:1 compare:1 previous:1 33:1 tender:2 accept:1 2:2 20:4 billion:4 dlrs:12 price:3 97:2 963:1 965:1 1:2 182:2 95:2 852:1 779:1 68:1 84:1 500:2 mln:2 364:2 712:1 529:1 9:2 06:1 28:1 receive:1 next:1 | CANADA BANK RATE RISES TO 8.59 PCT
Canada's bank rate rose marginally to
8.59 pct from 8.58 pct last week, Bank of Canada said.
The bank rate is set one-quarter percentage point above the
average yield on the weekly issue of 91-day treasury bills.
This week's yield was 8.34 pct, compared with the previous
week's 8.33 pct.
Tenders were accepted for 2.20 billion dlrs of 91-day bills
at an average price of 97.963 dlrs against 97.965 dlrs last
week.
The 1.20 billion dlrs of 182-day bills were priced at an
average 95.852 dlrs against 95.779 dlrs last week, to yield an
average 8.68 pct against 8.84 pct last week.
The 500 mln dlrs of 364-day bills were priced at an average
91.712 dlrs against 91.529 dlrs last week, to yield an average
9.06 pct against 9.28 pct last week.
Tenders will be received next week for 2.20 billion dlrs of
91-day bills, 1.20 billion dlrs of 182-day bills and 500 mln
dlrs of 364-day bills.
|
test/18906 | test/18906 |@title pengo:1 pgo:1 sell:1 wireline:1 operation:1 |@word pengo:3 industries:1 inc:2 say:3 agree:1 sell:3 wireline:4 product:1 manufacture:1 division:2 fort:2 worth:2 texas:3 services:1 operation:4 several:1 location:1 international:1 subsidiary:1 john:1 wood:1 group:1 plc:1 undisclosed:1 term:1 company:1 service:1 lafayette:1 houma:1 harvey:1 la:1 alvin:1 odessa:1 longview:1 moore:2 okla:1 kuykenball:1 slickline:1 surplus:1 equipment:1 cleburne:1 separately:1 | PENGO <PGO> TO SELL SOME WIRELINE OPERATIONS
Pengo Industries Inc said it
has agreed to sell its Wireline Products Manufacturing Division
in Fort Worth, Texas, Wireline Services Division operations in
several locations and Pengo International Inc subsidiary to
John Wood Group PLC for undisclosed terms.
The company said the Wireline Services operations being
sold are in Lafayette, Houma and Harvey, La., Alvin, Odessa and
Longview, Texas, and Moore, Okla.
Pengo said its Kuykenball Slickline operation in Moore and
surplus wireline equipment operations in fort Worth and
Cleburne, Texas, will be sold separately.
|
test/18908 | test/18908 |@title ec:1 reject:1 licence:1 spanish:1 barley:1 |@word ec:3 commission:1 cereals:1 management:1 committee:1 reject:1 bid:2 licence:3 export:2 free:2 market:2 spanish:3 barley:3 non:3 country:2 trade:1 source:2 say:3 request:1 35:1 000:2 tonne:2 143:1 145:1 european:1 currency:1 unit:1 ecus:1 tender:2 part:1 special:1 500:1 soft:1 wheat:1 | EC REJECTS LICENCES FOR SPANISH BARLEY
The EC Commission cereals management
committee rejected all bids for licences to export free market
Spanish barley to non-EC countries, trade sources said.
The licence requests were for 35,000 tonnes at between 143
and 145 European Currency Units (ECUs), they said.
This tender was part of a special tender for 500,000 tonnes
of Spanish barley.
The sources said there had been no bids for licences for
free market soft wheat and non-Spanish barley exports to non-EC
countries.
|
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