id
stringlengths 10
14
| vw_text
stringlengths 44
4.27k
| raw_text
stringlengths 27
14.1k
|
|---|---|---|
test/16252 | test/16252 |@title goodyear:1 gt:1 predict:1 first:1 quarter:1 net:1 |@word goodyear:4 tire:1 rubber:1 co:1 say:2 expect:2 report:2 earning:1 continue:1 operation:1 one:1 dlr:2 per:2 share:4 71:1 3:1 mln:4 average:1 outstanding:2 last:1 year:2 first:2 quarter:2 company:2 lose:1 60:1 0:1 dlrs:1 55:1 ct:1 108:1 4:1 110:1 8:1 writedown:1 oil:1 reserve:1 celeron:1 corp:1 unit:1 result:2 april:1 27:1 chairman:1 robert:1 e:1 mercer:1 also:1 tell:1 annual:1 meeting:1 unless:1 major:2 downturn:1 economy:1 work:1 debt:2 normal:1 level:1 three:1 restructuring:3 cash:1 flow:1 improved:1 margin:1 set:1 program:2 fend:1 hostile:1 takeover:1 attempt:1 sir:1 james:1 goldsmith:1 part:1 execute:1 stock:1 buyback:1 increase:1 | GOODYEAR <GT> PREDICTS FIRST QUARTER NET
Goodyear Tire and Rubber Co said it
expects to report earnings from continuing operations of over
one dlr per share on 71.3 mln average shares outstanding.
In last year's first quarter the company lost 60.0 mln dlrs
or 55 cts per share on 108.4 mln shares outstanding, after a
110.8 mln dlr writedown of oil reserves of its Celeron Corp
unit.
Goodyear said it will report first quarter results April 27.
Goodyear chairman Robert E. Mercer also told the annual
meeting that unless there is a major downturn in the economy,
it expects to work its debt down to normal levels in three
years through its restructuring and cash flow from improved
margins.
The company set up its restructuring program to fend off a
hostile takeover attempt by Sir James Goldsmith. As part of
the restructuring, Goodyear executed a major stock buyback
program that resulted in an increase in its debt.
|
test/16255 | test/16255 |@title hog:1 cattle:1 slaughter:1 guesstimate:1 |@word chicago:1 mercantile:1 exchange:1 floor:1 trader:1 commission:1 house:1 representative:1 guesstimate:2 today:1 hog:1 slaughter:2 280:1 000:8 300:1 head:2 versus:2 294:1 week:2 ago:4 303:1 year:2 cattle:1 120:2 126:1 124:1 | HOG AND CATTLE SLAUGHTER GUESSTIMATES
Chicago Mercantile Exchange floor
traders and commission house representatives are guesstimating
today's hog slaughter at about 280,000 to 300,000 head versus
294,000 week ago and 303,000 a year ago.
Cattle slaughter is guesstimated at about 120,000 to
126,000 head versus 120,000 week ago and 124,000 a year ago.
|
test/16256 | test/16256 |@title trade:1 issue:1 strain:1 ec:1 patience:1 japan:1 |@word member:1 state:2 european:1 community:1 start:1 run:1 patience:1 japan:3 believe:1 repeatedly:1 promise:1 major:1 initiative:1 open:1 market:2 import:1 often:1 make:2 minor:1 move:2 diplomatic:1 source:1 say:2 several:1 recent:1 action:1 ec:9 country:1 bear:1 witness:1 new:1 disillusionment:1 willingness:1 least:1 ability:1 japanese:2 government:1 reduce:1 massive:1 trade:4 surplus:1 however:1 war:1 may:1 far:1 know:1 would:3 suffer:1 almost:1 much:1 senior:1 diplomat:2 give:1 generally:1 favourable:1 reaction:1 executive:1 commission:1 proposal:1 could:1 raise:1 tariff:1 range:1 product:1 u:2 carry:1 threat:1 similar:1 april:1 17:1 tariffs:1 involve:1 renounce:1 obligation:1 enter:1 world:1 body:1 gatt:1 design:1 stop:1 diversion:1 export:1 meet:1 tokyo:1 announce:1 deficit:1 reach:1 record:1 2:1 13:1 billion:2 dlrs:1 march:1 1:1 94:1 february:1 | TRADE ISSUES STRAINING EC'S PATIENCE WITH JAPAN
Member states of the European
Community are starting to run out of patience with Japan which
they believe has repeatedly promised major initiatives to open
its market to imports, but as often made only minor moves.
Diplomatic sources here said several recent actions by EC
countries bear witness to a new disillusionment with the
willingness, or at least the ability, of the Japanese
government to reduce its massive trade surplus with the EC.
However, they said an all-out trade war may be far off, as
EC states know they would suffer almost as much as Japan.
Senior EC diplomats gave a generally favourable reaction to
an EC executive commission proposal under which the EC could
raise tariffs on a range of Japanese products if the U.S.
Carries out a threat to make a similar move on April 17.
The EC tariffs, which would involve renouncing obligations
entered into with the world trade body GATT, would be designed
to stop a diversion of exports to the EC market from that of
the U.S.
The diplomats were meeting as Tokyo announced that the EC's
trade deficit with Japan reached a record 2.13 billion dlrs in
March, up from 1.94 billion in February.
|
test/16257 | test/16257 |@title ec:1 could:1 decide:1 japan:1 trade:1 move:1 late:1 may:1 |@word european:1 community:2 ec:6 effectively:1 give:1 japan:3 six:1 week:1 take:2 move:2 open:2 market:2 import:1 decide:1 possible:3 tough:1 retaliatory:2 trade:4 measure:2 diplomat:2 say:4 foreign:2 minister:3 meet:1 may:2 25:1 26:1 review:1 state:2 relation:1 two:1 side:1 executive:1 commission:2 ask:1 representative:1 member:1 friday:1 propose:1 renunciation:2 pledge:1 world:1 body:1 gatt:1 unless:1 adequate:1 early:1 japanese:3 would:2 first:1 step:1 impose:1 stiff:1 increase:1 duty:1 quantitative:1 limit:1 export:2 unlikely:1 issue:1 discuss:2 detail:1 next:1 meeting:1 april:1 27:1 28:1 luxembourg:1 time:1 need:1 prepare:1 proposal:1 action:2 power:1 limited:1 get:2 ministerial:1 approval:1 prevent:2 electrical:1 photographic:1 good:2 divert:1 europe:1 follow:1 u:1 tariff:2 also:1 likely:1 extra:1 trading:1 advantage:1 result:1 spain:1 portugal:1 join:1 bloc:1 oblige:1 gradually:1 reduce:1 many:1 industrial:1 surplus:1 grow:1 steadily:1 register:1 record:1 2:1 13:1 billion:1 dlrs:1 march:1 | EC COULD DECIDE ON JAPAN TRADE MOVES IN LATE MAY
The European Community (EC) has
effectively given Japan six weeks to take moves to open its
market to imports before it decides on possible tough
retaliatory trade measures, EC diplomats said.
They said EC foreign ministers will meet on May 25 and 26
to review the state of trade relations between the two sides.
The EC executive commission was asked by representatives of
member states on Friday to propose a renunciation of some EC
pledges to the world trade body, GATT, unless there are
'adequate and early measures to open the Japanese market.'
Such a renunciation would be the first step to imposing
stiff increases in duties, or quantitative limits, on Japanese
exports.
The diplomats said it was unlikely that the issue would be
discussed in detail at the next meeting of EC foreign ministers
on April 27 and 28 in Luxembourg as time was needed to prepare
proposals for possible retaliatory action.
They said the commission has powers to take some limited
action before getting ministerial approval to prevent Japanese
exports of electrical, photographic and other goods being
diverted to Europe following of possible U.S. Tariff moves.
In May, the ministers are also likely to discuss how to
prevent Japan from getting an extra trading advantage as a
result of Spain and Portugal joining the bloc, which obliges
them gradually to reduce tariffs on many industrial goods.
Japan's trade surplus with the Community has grown
steadily, registering a record 2.13 billion dlrs in March.
|
test/16258 | test/16258 |@title p:2 h:2 glatfelter:1 glt:1 acquire:1 ecusta:1 |@word glatfelter:3 co:1 say:3 reach:1 agreement:1 acquire:1 capital:1 stock:1 ecusta:2 corp:1 149:1 177:1 857:1 dlrs:1 cash:1 printing:1 write:1 paper:3 maker:1 operate:1 uncoded:1 three:1 sheet:1 light:1 weight:1 specialty:1 mill:2 pisgah:1 forest:1 n:1 c:1 produce:1 convert:1 product:1 use:1 doemstic:1 foreign:1 tobacco:1 industry:1 expect:1 close:1 deal:1 may:1 31:1 | P.H. GLATFELTER <GLT> ACQUIRING ECUSTA
P.H. Glatfelter Co said it
has reached an agreement to acquire all the capital stock of
<Ecusta Corp> for 149,177,857 dlrs in cash.
Glatfelter, a printing and writing paper maker, said Ecusta
operates an uncoded three sheet and light-weight specialty
paper mill in Pisgah Forest, N.C. The mill produces and
converts paper products used by the doemstic and foreign
tobacco industry.
Glatfelter said it expects to close the deal by May 31.
|
test/16260 | test/16260 |@title ncr:2 corp:2 1st:2 qtr:2 shr:2 65:2 ct:4 vs:2 51:2 |@word | NCR CORP 1ST QTR SHR 65 CTS VS 51 CTS
NCR CORP 1ST QTR SHR 65 CTS VS 51 CTS
|
test/16262 | test/16262 |@title first:1 marathon:1 fms:1 plan:1 stock:1 split:1 |@word first:1 marathon:1 inc:1 say:2 plan:1 two:1 one:3 stock:1 split:1 effective:1 shareholder:1 approval:1 june:1 4:1 annual:1 meeting:1 financial:1 service:1 company:1 also:1 complete:1 previously:1 report:1 29:1 6:1 mln:2 dlr:1 private:1 placement:1 1:1 5:1 non:2 voting:2 preferred:1 share:2 convertible:1 class:1 | FIRST MARATHON <FMS.A.TO> PLANS STOCK SPLIT
First Marathon Inc said it planned a
two-for-one stock split, to be effective on shareholders'
approval at the June 4 annual meeting.
The financial services company said it also completed the
previously reported 29.6 mln dlr private placement of 1.5 mln
non-voting preferred shares convertible one-for-one into
non-voting class A shares.
|
test/16263 | test/16263 |@title u:1 bancorp:1 usbc:1 1st:1 qtr:1 net:1 |@word shr:1 66:1 ct:2 vs:3 57:1 net:1 20:1 0:2 mln:4 17:1 1:1 avg:1 shrs:1 30:2 3:1 | U.S. BANCORP <USBC> 1ST QTR NET
Shr 66 cts vs 57 cts
Net 20.0 mln vs 17.1 mln
Avg shrs 30.3 mln vs 30.0 mln
|
test/16264 | test/16264 |@title ibm:2 high:1 shipment:1 cost:1 qtr:1 |@word international:1 business:2 machines:1 corp:1 say:9 shipment:2 revenue:1 high:2 first:2 quarter:3 net:2 earning:2 fall:3 22:1 8:3 pct:7 part:1 due:1 expense:3 ibm:3 income:2 785:1 mln:1 dlrs:8 1:8 30:1 share:2 02:1 billion:7 65:1 outstanding:1 total:1 sale:1 rise:2 5:3 10:2 68:1 13:1 cost:2 12:3 9:1 61:1 57:1 computer:1 maker:1 company:2 continue:1 take:2 action:2 make:1 competitive:1 include:1 reduction:1 measure:2 although:1 worldwide:1 economic:1 situation:1 remain:1 unsettled:1 encouraging:1 sign:1 statement:1 addition:1 increase:1 announce:2 new:1 offering:1 large:1 processor:1 personal:1 computing:1 product:2 line:1 yet:1 fully:1 benefit:1 recent:1 announcement:1 retirement:2 incentive:2 resource:1 balance:1 expect:2 significant:1 impact:1 1987:2 progress:1 add:1 000:1 u:1 employee:1 advantage:1 last:1 year:1 pretax:2 27:1 34:1 83:1 margin:1 slip:1 18:1 1986:1 | IBM <IBM> HAS HIGHER SHIPMENTS, COSTS IN QTR
International Business Machines
Corp said shipments and revenues were higher in the first
quarter, but net earnings fell 22.8 pct in part due to higher
expenses.
IBM said net income fell to 785 mln dlrs or 1.30 dlrs a
share from 1.02 billion dlrs or 1.65 dlrs on about 1.8 pct
fewer shares outstanding.
While total sales and income rose 5.5 pct to 10.68 billion
dlrs from 10.13 billion dlrs, costs and expenses rose 12.1 pct
to 9.61 billion dlrs from 8.57 billion in the quarter, the
computer maker said.
The company said it continues to take actions to make it
more competitive, including cost and expense reduction
measures.
'Although the worldwide economic situation remains
unsettled, there are some encouraging signs in our business,'
IBM said in a statement.
'In addition to the increase in first quarter shipments, we
have announced new offerings in our large processor and
personal computing product lines,' it said.
'We have yet to fully benefit from our recent product
announcements, retirement incentives and other resource
balancing measures, and we expect these actions will have a
more significant impact as 1987 progresses,' the company added.
It said it expects more than 12,000 U.S. employees to take
advantage of the retirement incentives announced last year.
Pretax earnings fell 27 pct to 1.34 billion dlrs from 1.83
billion, IBM said. Pretax margins slipped to 12.5 pct in 1987
from 18.1 pct in 1986, it said.
|
test/16265 | test/16265 |@title rotterdam:1 grain:1 handler:1 say:1 port:1 balance:1 rise:1 |@word graan:1 elevator:1 mij:1 gem:1 say:1 balance:2 port:1 grain:3 oilseed:3 derivative:3 rise:1 146:1 000:9 tonne:6 april:1 11:1 111:1 week:3 earlier:1 arrival:2 404:1 discharge:1 369:1 last:1 comprise:1 21:1 plus:1 125:1 estimate:1 total:1 274:1 71:1 203:1 figure:1 cover:1 around:1 95:1 pct:1 rotterdam:1 traffic:1 product:1 concern:1 | ROTTERDAM GRAIN HANDLER SAYS PORT BALANCE ROSE
Graan Elevator Mij, GEM, said its
balance in port of grains, oilseeds and derivatives rose to
146,000 tonnes on April 11 from 111,000 a week earlier after
arrivals of 404,000 tonnes and discharges of 369,000 tonnes
last week.
The balance comprised 21,000 tonnes of grains plus oilseeds
and 125,000 tonnes of derivatives.
This week's estimated arrivals total 274,000 tonnes, of
which 71,000 are grains/oilseeds and 203,000 derivatives.
The figures cover around 95 pct of Rotterdam traffic in the
products concerned.
|
test/16266 | test/16266 |@title lindberg:1 corp:1 lind:1 1st:1 qtr:1 net:1 |@word shr:1 15:2 ct:3 vs:4 net:2 689:1 561:1 784:1 088:1 sale:2 19:2 2:1 mln:4 8:1 avg:1 shrs:1 4:1 7:1 5:1 3:1 note:1 1986:1 include:1 gain:1 108:1 000:1 dlrs:1 two:1 share:1 proceed:1 property:1 | LINDBERG CORP <LIND> 1ST QTR NET
Shr 15 cts vs 15 cts
Net 689,561 vs 784,088
Sales 19.2 mln vs 19.8 mln
Avg shrs 4.7 mln vs 5.3 mln
NOTE: 1986 net includes a gain of 108,000 dlrs or two cts a
share from proceeds from the sale of property.
|
test/16268 | test/16268 |@title german:1 institute:1 warn:1 money:1 supply:1 |@word four:3 west:4 germany:2 five:2 lead:4 economic:4 research:1 institute:5 warn:1 excessive:1 monetary:7 growth:5 threaten:2 resurgence:1 inflation:4 dissenting:1 view:3 diw:2 berlin:2 echo:1 recent:2 statement:1 bundesbank:1 official:1 say:7 expansion:5 see:1 last:1 1:2 2:1 year:1 necessarily:1 stability:4 issue:1 joint:1 spring:1 report:1 three:1 kiel:1 hamburg:1 essen:1 forecast:1 two:1 pct:2 rise:5 gnp:1 1987:2 munich:1 predict:1 one:1 institutes:1 expansive:1 policy:6 welcome:1 slowdown:1 activity:1 experience:1 show:1 strong:3 eventually:1 price:4 undo:1 beneficial:1 effect:1 give:1 virtual:1 zero:1 fear:1 may:2 seem:1 exaggerated:1 often:1 turn:1 past:1 climate:1 quickly:1 deteriorate:1 force:1 central:3 bank:3 restrictive:1 cost:1 preventive:1 less:1 fight:1 take:2 hold:1 dispute:1 would:2 slow:1 accord:1 domestic:1 investor:1 switch:1 liquidity:1 long:1 term:1 capital:1 market:2 investment:1 follow:2 low:1 interest:3 rate:4 redisposition:1 temporarily:1 dampen:2 money:3 stock:1 automatically:1 small:1 supply:1 return:1 require:1 spectacular:1 move:1 could:1 quietly:1 open:1 operation:1 repurchase:1 pact:1 avoid:2 inflationary:1 expectation:1 focus:1 simply:1 production:1 potential:1 uncertainty:1 exchange:1 development:1 weakness:1 factor:1 account:1 aim:1 cut:1 boost:1 economy:1 discourage:1 revaluation:1 speculation:1 threat:1 1979:1 81:1 1977:1 78:1 reflect:1 cause:1 oil:1 fall:1 mark:1 | GERMAN INSTITUTES WARN ON MONEY SUPPLY
Four of West Germany's five leading
economic research institutes warned that excessive monetary
growth threatened a resurgence of inflation.
But in a dissenting view the DIW institute in West Berlin,
echoing recent statements by leading Bundesbank officials, said
the expansion seen over the last 1-1/2 years did not
necessarily threaten stability.
The five institutes issued a joint spring report, in which
three -- Kiel, Hamburg and Essen -- forecast a two pct rise in
GNP in 1987, while West Berlin and Munich predicted one pct.
The four institutes said an expansive policy was welcome in
view of the slowdown in economic activity. But experience has
shown that strong monetary growth eventually leads to a price
rise which undoes the beneficial effects of monetary policy.
Given virtual zero inflation in West Germany such fears may
seem exaggerated, they said.
'But it has often turned out in the past that the price
climate can quickly deteriorate, forcing the central bank into
a restrictive policy,' they said.
The economic costs of a preventive stability policy are
less than fighting inflation once it has taken hold, they said.
The four institutes disputed the view that monetary
expansion would slow of its own accord in 1987 as domestic
investors switch liquidity into longer term capital market
investments following lower interest rates.
'Such redispositions may temporarily dampen the expansion of
central bank money stock, but do not automatically lead to a
smaller expansion of money supply,' they said.
A return to growth and stability did not require
spectacular central bank moves, but could be done quietly with
open market operations and repurchase pacts, which would avoid
an interest rate rise by dampening inflationary expectations.
The DIW institute said monetary policy should not be
focused simply on growth of production potential. Because of
uncertainty about exchange rate developments and economic
weakness other factors should be taken into account.
Monetary policy should aim for further interest rate cuts
and avoid rises to boost the economy and discourage revaluation
speculation. Recent strong monetary expansion was not a threat
in itself to price stability.
The 1979/81 inflation following strong 1977/78 money growth
reflected other causes, such as rising oil prices and the
falling mark.
|
test/16269 | test/16269 |@title ncr:2 corp:1 1st:1 qtr:1 net:1 |@word shr:1 65:1 ct:2 vs:4 51:1 net:1 61:1 5:1 mln:5 50:1 2:1 revs:1 1:1 12:1 billion:1 960:1 8:1 avg:1 shrs:1 95:1 3:1 99:1 4:1 | NCR CORP <NCR> 1ST QTR NET
Shr 65 cts vs 51 cts
Net 61.5 mln vs 50.2 mln
Revs 1.12 billion vs 960.8 mln
Avg shrs 95.3 mln vs 99.4 mln
|
test/16270 | test/16270 |@title german:1 producer:1 price:1 fall:1 0:1 1:1 pct:1 march:1 |@word west:1 german:1 producer:3 price:5 fall:4 0:3 1:1 pct:8 march:3 compare:1 february:3 stand:1 3:4 9:1 low:1 last:1 year:2 federal:1 statistics:1 office:2 say:2 january:1 drop:1 4:2 2:2 level:1 earlier:1 statistic:1 natural:1 gas:2 heavy:1 heating:1 oil:1 liquefy:1 14:1 coffee:1 7:1 cheap:1 | GERMAN PRODUCER PRICES FALL 0.1 PCT IN MARCH
West German producer prices fell 0.1
pct in March compared with February to stand 3.9 pct lower than
in March last year, the Federal Statistics Office said.
In February, producer prices fell 0.3 pct from January and
dropped 4.2 pct from their levels a year earlier.
The Statistics Office said producer prices for natural gas
had fallen 3.0 pct in March against February, heavy heating oil
prices were 3.2 pct down, liquefied gas prices fell 14 pct and
coffee was 7.4 pct cheaper.
|
test/16271 | test/16271 |@title usda:1 change:1 low:1 protein:1 wheat:1 terminal:1 price:1 |@word u:1 agriculture:1 department:3 lower:2 ascs:1 terminal:2 price:9 low:2 protein:4 hard:6 red:6 winter:2 spring:4 wheat:8 number:1 location:1 senior:1 usda:4 official:3 say:8 reduce:1 kansas:1 city:1 texas:1 six:1 cent:5 minneapolis:3 duluth:3 32:2 st:1 louis:1 nine:1 ralph:1 klopfenstein:3 deputy:1 administrator:1 commodity:1 operation:1 agricultural:1 stabilization:1 conservation:1 service:1 also:2 addition:1 cut:1 pacific:2 northwest:2 31:1 ask:1 identify:1 chicago:1 denver:1 toledo:1 adjust:1 amount:1 change:2 lead:1 pickup:1 pik:1 roll:1 activity:1 decide:1 upon:1 last:1 week:1 effective:1 today:1 raise:1 premium:2 high:1 offset:1 drop:1 mean:1 net:1 command:1 would:1 remain:1 unchanged:1 | USDA CHANGES LOW PROTEIN WHEAT TERMINAL PRICES
The U.S. Agriculture Department has
lowered its ASCS terminal prices for low protein hard red
winter and hard red spring wheat at a number of locations, a
senior USDA official said.
USDA reduced the price of hard red winter wheat at Kansas
City and Texas by six cents, at Minneapolis and Duluth by 32
cents and at St Louis by nine cents, Ralph Klopfenstein, deputy
administrator of commodity operations at the Agricultural
Stabilization and Conservation Service, said.
The department also lowered the terminal price of hard red
spring wheat at Minneapolis and Duluth by 32 cents, he said.
In addition, USDA cut the Pacific Northwest price of hard
red spring wheat by 31 cents, USDA officials who asked not to
be identified said.
The officials said hard red spring wheat prices at Chicago,
Denver and Toledo were adjusted by about the same amount as at
Pacific Northwest, Duluth and Minneapolis.
The price changes should lead to a pickup of PIK and roll
activity, Klopfenstein said. The price change was decided upon
last week and will be effective today, he said.
Klopfenstein also said the department raised the premiums
on high protein wheat to offset the drop in low protein wheat
prices, meaning the net price on any wheat commanding a protein
premium would remain unchanged.
|
test/16274 | test/16274 |@title fhlbb:1 change:1 short:1 term:1 discount:1 note:1 rate:1 |@word federal:1 home:1 loan:1 bank:1 board:1 adjust:1 rate:3 short:1 term:1 discount:1 note:1 follow:1 maturity:2 new:1 old:1 30:2 140:1 day:10 5:6 00:6 pct:10 179:1 141:1 160:1 6:4 13:1 08:1 180:1 200:2 161:1 182:1 201:2 274:1 183:1 17:1 18:1 275:1 290:1 360:2 291:1 | FHLBB CHANGES SHORT-TERM DISCOUNT NOTE RATES
The Federal Home Loan Bank Board
adjusted the rates on its short-term discount notes as follows:
MATURITY NEW RATE OLD RATE MATURITY
30-140 days 5.00 pct 5.00 pct 30-179 days
141-160 days 6.13 pct 6.08 pct 180-200 days
161-182 days 5.00 pct 5.00 pct 201-274 days
183-200 days 6.17 pct 6.18 pct 275-290 days
201-360 days 5.00 pct 5.00 pct 291-360 days
|
test/16275 | test/16275 |@title galileo:1 electro:1 optics:1 corp:1 gaeo:1 2nd:1 qtr:1 |@word shr:2 51:1 ct:4 vs:7 40:1 net:2 1:4 4:1 mln:9 851:1 000:2 revs:2 9:1 8:1 6:1 5:1 six:2 month:2 74:1 50:1 2:3 0:1 17:1 7:2 11:1 3:1 avg:1 shrs:1 note:1 quarter:1 end:1 march:1 31:1 1987:1 include:1 charge:1 115:1 dlrs:1 due:1 reversal:1 investment:1 tax:1 credit:1 | GALILEO ELECTRO-OPTICS CORP <GAEO> 2ND QTR
Shr 51 cts vs 40 cts
Net 1.4 mln vs 851,000
Revs 9.8 mln vs 6.5 mln
Six months
Shr 74 cts vs 50 cts
Net 2.0 mln vs 1.1 mln
Revs 17.7 mln vs 11.3 mln
Avg shrs 2.7 mln vs 2.1 mln
NOTE:Quarter ended March 31. 1987 six months includes
charge of 115,000 dlrs due to reversal of investment tax
credits.
|
test/16277 | test/16277 |@title boston:1 five:1 bfcs:1 neworld:1 nwor:1 merge:1 |@word boston:8 five:8 cents:1 savings:1 bank:6 say:6 neworld:4 saving:3 agree:1 merge:1 form:1 new:4 hold:5 company:4 bancorp:2 proposal:1 call:1 holder:2 receive:1 1:4 163:1 share:4 stock:1 recieve:1 one:1 tax:1 free:1 exchange:1 plan:1 merger:3 newworld:1 create:1 large:2 massachusetts:2 third:1 england:1 combined:1 asset:2 3:1 billion:3 dlrs:3 chairman:3 robert:1 j:2 spiller:2 natural:1 fit:1 consider:1 equal:2 become:2 president:3 james:1 oates:1 chief:2 executive:1 officer:4 peter:1 blampied:2 vice:1 operate:1 board:1 number:1 director:1 institution:1 unlike:1 many:1 recent:1 combination:1 acquisition:1 premium:1 associate:1 assetsof:1 9:1 35:1 2:1 24:1 also:1 loan:1 center:1 hampshire:1 | BOSTON FIVE <BFCS.O>, NEWORLD <NWOR.O> TO MERGE
Boston Five Cents Savings Bank said it
and Neworld Bank for Savings have agreed to merge, forming a
new holding company, Boston Five Bancorp.
Boston Five said the proposal calls for its holders to
receive 1.163 shares of the new company's stock for each share
now held and for Neworld Bank holders to recieve one share for
each share held in a tax free exchange.
Boston Five said the planned merger with Newworld Bank for
Savings Will create the largest savings bank in Massachusetts
and the third largest in New England with combined assets of
3.1 billion dlrs.
Boston Five chairman Robert J. Spiller said 'There is a
natural fit between both banks. We consider this to be a merger
of equals.'
Spiller will become Chairman of Boston Five Bancorp and
Neworld president James M. Oates will be president and chief
executive officer.
Boston Five said its President, Peter J. Blampied, will
become vice chairman and chief operating officer of the holding
company. The board of the holding company will have an equal
number of directors from each institution.
'Unlike many recent combinations, this merger has no
acquisition premium associated with it,' Blampied said.
Boston Five has assetsof 1.9 billion dlrs and 35 officers.
Neworld has assets of 1.2 billion dlrs and 24 officers in
Massachusetts. It also has a loan center in New Hampshire.
|
test/16278 | test/16278 |@title coopervision:1 eye:1 form:1 recapitalization:1 plan:1 |@word coopervision:4 inc:2 say:7 prepare:1 recapitalization:2 plan:2 include:1 common:2 stock:6 repurchase:1 program:1 exchange:1 debt:1 security:1 along:1 proposal:1 change:1 name:1 cooper:1 cos:1 submit:1 shareholder:2 approval:1 company:2 annual:1 meeting:2 june:1 22:1 postpone:1 original:1 date:1 may:1 14:2 order:1 let:1 management:1 review:1 option:1 addition:1 operate:1 income:3 current:1 fiscal:2 quarter:5 end:1 april:1 30:2 expect:1 show:1 improvement:1 prior:2 82:1 5:1 mln:2 dlrs:5 year:3 ago:1 continue:1 operation:1 immediately:1 availalbe:1 second:2 report:1 net:2 loss:2 9:1 drexel:1 burnham:1 lambert:1 investor:2 conference:2 chairman:1 parker:1 montgomery:3 previously:1 announce:1 listen:1 bid:1 make:1 sense:1 also:1 fall:1 1986:1 due:1 rumor:1 liquidation:1 35:1 share:2 ivan:1 boesky:2 subsequent:1 sale:1 position:2 drop:1 six:1 three:1 day:1 sell:1 never:1 recover:1 currently:1 trade:1 19:1 1:1 4:1 tell:1 basis:1 short:1 term:1 recovery:1 operating:1 1987:1 1988:1 concentration:1 maintain:1 increase:1 market:1 core:1 business:1 next:1 regardless:1 impact:1 bottom:1 line:1 | COOPERVISION <EYE> FORMS RECAPITALIZATION PLAN
Coopervision Inc said it is
preparing a recapitalization plan, which includes a common
stock repurchase program and an exchange of debt securities for
common stock.
The plan, along with a proposal to change its name to
Cooper Cos Inc, will be submitted for shareholders' approval at
the company's annual meeting on June 22.
The meeting had been postponed from its original date of
May 14 in order to let management review recapitalization
options, it said.
In addition, Coopervision said operating income in its
current fiscal quarter ending April 30 is expected to show an
improvement over its prior fiscal quarter's 82.5 mln dlrs and
its year ago quarter.
Income from continuing operations was not immediately
availalbe for the prior year's second quarter in which it
reported a net loss of 14.9 mln dlrs.
At a Drexel Burnham Lambert Investor Conference,
Coopervision chairman Parker Montgomery said, as previously
announced, he will listen to any bid that makes sense for
shareholders.
He also said Coopervision's stock fell in 1986 due to its
second quarter loss, rumors of a liquidation at 30 dlrs and 35
dlrs a share, and Ivan Boesky's subsequent sale of his
position.
'The stock dropped six dlrs in three days after Boesky sold
his position and has never recovered,' Montgomery said. The
company's stock is currently trading at 19-1/4.
Montgomery further told the conference, 'Don't be an
investor in the stock on the basis of any short term recovery
in operating or net income in 1987 and 1988.'
'Our concentration is on maintaining or increasing market
share in our core businesses this year and next, regardless of
the impact to the bottom line,' he said.
|
test/16279 | test/16279 |@title colombia:1 june:1 coffee:1 registration:1 open:1 |@word colombia:2 open:1 coffee:2 registration:1 june:1 shipment:1 limit:1 set:1 private:1 exporter:1 april:1 may:1 national:1 grower:1 federation:1 official:1 say:1 sell:1 average:1 900:1 000:1 bag:1 per:1 month:1 since:1 beginning:1 calendar:1 year:1 | COLOMBIA JUNE COFFEE REGISTRATIONS OPENED
Colombia has opened coffee
registrations for June shipment with no limit set for private
exporters, as in April and May, a National Coffee Growers'
Federation official said.
Colombia has sold an average of 900,000 bags per month
since the beginning of the calendar year.
|
test/16281 | test/16281 |@title canada:2 lead:2 indicator:2 0:4 4:4 pct:4 january:2 december:2 rise:2 official:2 |@word | CANADA LEADING INDICATOR UP 0.4 PCT IN JANUARY AFTER 0.4 PCT DECEMBER RISE - OFFICIAL
CANADA LEADING INDICATOR UP 0.4 PCT IN JANUARY AFTER 0.4 PCT DECEMBER RISE - OFFICIAL
|
test/16282 | test/16282 |@title spanish:1 money:1 supply:1 grow:1 double:1 target:1 pace:1 |@word spain:3 principal:1 measure:1 money:1 supply:1 broad:1 base:1 liquid:1 asset:1 public:1 hand:1 alp:2 grow:2 annualise:1 rate:1 17:1 6:4 pct:5 march:2 16:1 february:1 19:1 last:1 year:2 provisional:1 bank:3 figure:1 show:1 target:1 range:2 5:2 9:1 governor:1 mariano:1 rubio:1 say:1 month:1 aim:1 low:1 end:1 11:1 4:1 1986:1 | SPANISH MONEY SUPPLY GROWING AT DOUBLE TARGET PACE
Spain's principal measure of money
supply, the broad-based liquid assets in public hands (ALP),
grew at an annualised rate of 17.6 pct in March against 16.6
pct in February and 19.6 pct in March last year, provisional
Bank of Spain figures show.
The bank's target range for this year is 6.5 to 9.5 pct,
and Bank of Spain Governor Mariano Rubio said this month he was
aiming for the lower end of that range.
ALP grew by 11.4 pct during 1986.
|
test/16283 | test/16283 |@title reebok:1 international:1 limited:1 rbk:1 1st:1 qtr:1 |@word shr:1 72:1 ct:2 vs:4 52:1 net:1 38:1 6:1 mln:7 25:1 revs:1 281:1 8:1 174:1 5:2 avg:1 shrs:1 53:1 48:1 2:1 note:1 1987:2 1st:3 quarter:4 amount:2 include:3 sale:1 avia:1 group:1 international:1 inc:1 acquire:1 end:1 first:1 revenue:2 rockport:2 31:1 dlrs:1 1986:2 reebok:1 acuqire:1 company:1 october:1 | REEBOK INTERNATIONAL LIMITED <RBK> 1ST QTR
Shr 72 cts vs 52 cts
Net 38.6 mln vs 25 mln
Revs 281.8 mln vs 174.5 mln
Avg shrs 53.5 mln vs 48.2 mln
NOTE: 1987 1st quarter amounts do not includes sales of
AVIA Group International Inc, acquired at the end of the first
quarter. 1987 1st quarter revenues include Rockport revenues of
31 mln dlrs. 1986 1st quarter amounts do not include Rockport,
as Reebok acuqired that company in October 1986.
|
test/16284 | test/16284 |@title blount:1 inc:1 blt:1 4th:1 qtr:1 net:1 |@word oper:4 shr:2 16:2 ct:4 vs:9 three:1 net:3 1:4 930:1 000:6 391:1 revs:2 313:1 9:4 mln:7 308:1 avg:2 shrs:2 11:2 12:2 0:3 year:3 60:1 27:1 7:1 215:1 3:1 340:1 23:1 billion:3 note:1 prior:1 exclude:1 gain:1 4:1 896:1 dlrs:4 quarter:1 8:1 873:1 termination:1 overfunded:1 pension:1 plan:1 backlog:1 942:1 | BLOUNT INC <BLT> 4TH QTR NET
Oper shr 16 cts vs three cts
Oper net 1,930,000 vs 391,000
Revs 313.9 mln vs 308.9 mln
Avg shrs 11.9 mln vs 12.0 mln
Year
Oper shr 60 cts vs 27 cts
Oper net 7,215,000 vs 3,340,000
Revs 1.23 billion vs 1.16 billion
Avg shrs 11.9 mln vs 12.0 mln
NOTE: Prior year net excludes gains 4,896,000 dlrs in
quarter and 8,873,000 dlrs in year from termination of
overfunded pension plans.
Backlog 1.0 billion dlrs vs 942 mln dlrs.
|
test/16285 | test/16285 |@title u:1 k:1 money:1 market:1 give:1 late:1 help:1 210:1 mln:1 stg:1 |@word bank:2 england:1 say:1 give:1 market:1 late:1 assistance:1 around:2 210:1 mln:4 stg:4 bring:1 total:1 help:1 day:1 353:1 compare:1 estimate:1 liquidity:1 shortage:1 450:1 raise:1 early:1 forecast:1 400:1 | U.K. MONEY MARKET GIVEN LATE HELP OF 210 MLN STG
The Bank of England said it gave the
market late assistance of around 210 mln stg, bringing its
total help on the day to some 353 mln stg.
This compares with the Bank's estimate of the liquidity
shortage of around 450 mln stg, raised from its early forecast
of 400 mln stg.
|
test/16286 | test/16286 |@title giant:1 bay:1 gbylf:1 idaho:1 gold:1 venture:1 |@word giant:2 bay:2 resources:1 ltd:1 say:4 sign:1 agreement:1 principle:1 hecla:2 mining:1 co:1 operate:1 joint:1 venture:1 stibnite:1 idaho:1 gold:3 deposit:1 bioleaching:2 technology:1 use:1 ore:2 processing:1 right:1 acquire:1 work:1 interest:1 property:1 may:1 spend:1 much:1 three:1 mln:1 u:1 dlrs:1 exclude:1 capital:1 cost:1 bring:1 mine:1 production:1 drilling:1 indicate:1 substantial:1 sulphide:1 reserve:1 grade:1 0:1 1:1 ounce:1 ton:1 early:1 test:1 show:1 respond:1 | GIANT BAY <GBYLF> IN IDAHO GOLD VENTURE
Giant Bay Resources
Ltd said it signed an agreement in principle with Hecla Mining
Co for an operating joint venture on Hecla's Stibnite, Idaho,
gold deposit.
Giant Bay said if its bioleaching technology is used for
ore processing, it will have the right to acquire a working
interest in the property. It said it may spend as much as three
mln U.S. dlrs, excluding capital costs to bring the mine into
production. It said drilling has indicated substantial sulphide
reserves with a gold grade of about 0.1 ounce a ton, and early
tests show the gold ore responds to bioleaching.
|
test/16287 | test/16287 |@title blue:1 arrow:1 acquire:1 richards:1 consultant:1 |@word blue:3 arrow:3 plc:1 say:2 sign:1 agreement:3 acquire:1 richards:1 consultants:1 ltd:1 29:1 mln:1 dlrs:1 cash:1 security:1 richard:2 privately:1 new:1 york:1 base:1 executive:1 recruitment:1 firm:1 part:1 four:1 principal:1 shareholder:2 manage:1 enter:1 long:1 term:1 service:1 contract:1 subject:1 approval:1 | BLUE ARROW TO ACQUIRE RICHARDS CONSULTANTS
Blue Arrow PLC said it signed an
agreement to acquire Richards Consultants Ltd for 29 mln dlrs
in cash and securities.
Richards is a privately-owned New York-based executive
recruitment firm.
As part of the agreement, Blue Arrow said the four
principal shareholders who manage Richards will enter into
long-term service contracts with it. The agreement is subject
to approval of Blue Arrow shareholders.
|
test/16288 | test/16288 |@title merry:1 go:1 round:1 mgre:1 set:1 stock:1 split:1 |@word merry:1 go:1 round:1 enterprises:1 inc:1 say:1 board:1 declare:1 three:1 two:1 stock:1 split:1 payable:1 may:1 one:1 holder:1 record:1 april:1 17:1 | MERRY-GO-ROUND <MGRE> SETS STOCK SPLIT
Merry-Go-Round Enterprises Inc said
its board declared a three-for-two stock split, payable May One
to holders of record April 17.
|
test/16289 | test/16289 |@title asarco:1 u:1 lead:1 price:1 0:1 50:1 ct:2 27:1 |@word asarco:1 inc:1 say:1 increase:1 base:1 spot:1 sale:1 price:1 refined:1 lead:1 one:1 half:1 cent:2 27:1 0:1 lb:1 fob:1 deliver:1 carload:1 lot:1 effective:1 immediately:1 | ASARCO UPS U.S. LEAD PRICE 0.50 CT TO 27 CTS
Asarco Inc said it is increasing its
base spot sales price for refined lead by one-half cent to 27.0
cents a lb, FOB, delivered in carload lots, effective
immediately.
|
test/16291 | test/16291 |@title irving:1 bank:1 corp:1 1st:1 qtr:1 shr:1 1:2 51:1 dlrs:1 vs:1 62:1 |@word dlrs:3 irving:1 bank:1 corp:1 1st:1 qtr:1 shr:1 1:2 51:1 vs:1 62:1 | IRVING BANK CORP 1ST QTR SHR 1.51 DLRS VS 1.62 DLRs
IRVING BANK CORP 1ST QTR SHR 1.51 DLRS VS 1.62 DLRs
|
test/16294 | test/16294 |@title irving:1 bank:1 corp:1 v:1 1st:1 qtr:1 net:1 |@word shr:1 1:2 51:1 dlr:2 vs:5 62:1 net:1 28:1 6:1 mln:2 30:1 4:1 asset:1 23:1 8:2 billion:6 20:1 9:1 deposit:1 15:1 5:1 14:1 loan:1 13:1 12:1 | IRVING BANK CORP <V> 1ST QTR NET
Shr 1.51 dlr vs 1.62 dlr
Net 28.6 mln vs 30.4 mln
Assets 23.8 billion vs 20.9 billion
Deposits 15.5 billion vs 14 billion
Loans 13.8 billion vs 12 billion
|
test/16297 | test/16297 |@title sullivan:1 corp:1 osl:1 1st:1 qtr:1 net:1 |@word shr:1 28:1 ct:2 vs:3 32:1 net:1 2:1 823:1 000:2 3:1 216:1 rev:1 47:1 9:2 mln:2 42:1 note:1 1986:2 earning:1 per:1 share:1 adjust:1 four:1 three:1 stock:1 distribution:1 pay:1 may:1 | O'SULLIVAN CORP <OSL> 1ST QTR NET
Shr 28 cts vs 32 cts
Net 2,823,000 vs 3,216,000
Rev 47.9 mln vs 42.9 mln
NOTE: The 1986 earnings per share adjusted for a four for
three stock distribution paid May 1986.
|
test/16298 | test/16298 |@title french:2 13:2 week:2 bill:2 average:2 rate:2 rise:2 7:4 39:2 pct:4 36:2 official:2 |@word | FRENCH 13-WEEK T-BILL AVERAGE RATE RISES TO 7.39 PCT FROM 7.36 PCT - OFFICIAL
FRENCH 13-WEEK T-BILL AVERAGE RATE RISES TO 7.39 PCT FROM 7.36 PCT - OFFICIAL
|
test/16299 | test/16299 |@title park:1 communications:1 inc:1 parc:1 1st:1 qtr:1 net:1 |@word shr:1 15:1 ct:2 vs:3 14:1 net:1 2:1 028:1 000:2 1:2 879:1 revs:1 32:1 mln:2 29:1 5:1 | PARK COMMUNICATIONS INC <PARC> 1ST QTR NET
Shr 15 cts vs 14 cts
Net 2,028,000 vs 1,879,000
Revs 32.1 mln vs 29.5 mln
|
test/16300 | test/16300 |@title nvhomes:1 nvh:1 set:1 split:1 payment:1 date:1 |@word nvhomes:1 lp:1 say:1 april:2 30:1 distribution:1 date:1 new:1 unit:1 result:1 previously:1 announce:1 two:1 one:1 split:1 unitholder:1 record:1 20:1 | NVHOMES <NVH> SETS SPLIT PAYMENT DATE
NVHomes LP said April 30 will be
the distribution date for new units as a result of its
previously-announced two-for-one split to unitholders of record
April 20.
|
test/16301 | test/16301 |@title 13:2 apr:2 1987:2 |@word | 13-APR-1987
13-APR-1987
|
test/16302 | test/16302 |@title dillard:2 department:2 store:4 agree:2 buy:2 two:2 ally:2 unit:2 255:2 mln:2 dlrs:2 cash:2 |@word | DILLARD DEPARTMENT STORES AGREES TO BUY TWO ALLIED STORES UNITS FOR 255 MLN DLRS CASH
DILLARD DEPARTMENT STORES AGREES TO BUY TWO ALLIED STORES UNITS FOR 255 MLN DLRS CASH
|
test/16303 | test/16303 |@title chemical:2 new:2 york:2 corp:2 1st:2 qtr:2 shr:2 1:4 58:2 dlrs:4 vs:2 93:2 |@word | CHEMICAL NEW YORK CORP 1ST QTR SHR 1.58 DLRS VS 1.93 DLRS
CHEMICAL NEW YORK CORP 1ST QTR SHR 1.58 DLRS VS 1.93 DLRS
|
test/16304 | test/16304 |@title bankers:1 trust:1 bt:1 raise:1 broker:1 loan:1 rate:1 |@word bankers:1 trust:2 co:2 say:1 raise:1 broker:2 loan:1 rate:2 7:3 1:3 2:2 pct:3 4:1 effective:1 immediately:1 u:1 bank:1 publicize:1 already:1 post:1 | BANKERS TRUST <BT> RAISES BROKER LOAN RATE
Bankers Trust Co said it is raising
its broker loan rate to 7-1/2 pct from 7-1/4 pct, effective
immediately.
U.S. Trust Co, the only other bank to publicize its broker
rate, was already posting 7-1/2 pct.
|
test/16307 | test/16307 |@title pentland:1 reduce:1 reebok:1 rbk:1 holding:1 |@word pentland:9 industries:1 plc:1 say:11 report:1 substantial:1 capital:2 gain:2 sale:2 part:1 holding:1 reebok:15 international:2 limited:1 cut:1 stake:2 32:1 2:2 pct:2 36:1 7:1 file:1 registration:1 statement:1 securities:1 exchange:1 commission:1 offering:6 six:1 mln:11 share:12 common:2 sell:6 three:2 1:8 404:1 866:1 reduce:1 18:1 19:1 5:2 56:1 outstanding:1 amount:1 depend:1 price:3 negotiate:1 stockholder:2 offer:3 6:1 underwriter:2 proceed:2 use:2 retire:1 bank:2 debt:1 incur:1 acquisition:3 avia:1 group:1 180:1 dlrs:3 afterwards:1 credit:1 line:1 available:1 general:1 corporate:1 purpose:1 include:1 possible:2 stock:1 45:1 8:1 4:2 shares:1 worth:2 64:1 136:1 fund:1 growth:1 500:2 000:3 rebbok:1 u:3 syndicate:2 lead:2 kidder:2 peabody:1 co:1 inc:1 outside:1 grant:1 option:1 buy:1 certain:1 selling:1 additional:1 900:1 cover:1 overallotment:1 choose:1 participate:1 allotment:1 soon:1 date:1 determine:1 release:1 detail:1 expect:1 close:1 may:1 | PENTLAND TO REDUCE REEBOK <RBK> HOLDINGS
Pentland Industries PLC said it report
a substantial capital gain from the sale of part of its
holdings in Reebok International Limited, which will cut its
stake in Reebok to 32.2 pct from 36.7 pct.
It said Reebok filed a registration statement with the
Securities and Exchange Commission for the offering of six mln
shares of Reebok common. Reebok will sell three mln shares and
Pentland will sell 1,404,866 shares, reducing its stake in
Reebok to 18.1 mln from 19.5 mln shares.
After the offering, Reebok will have 56.1 mln shares shares
outstanding.
Pentland said the amount of the capital gain from the sale
depends on the offering price for the Reebok shares to be
negotiated between it, Reebok, and the other selling
stockholders who will offer about 1.6 mln shares of Reebok
common, and the underwriters.
Pentland said proceeds from the offering will be used by
Reebok to retire bank debt incurred in its acquisition of AVIA
Group for about 180 mln dlrs. Is said that afterwards, Reebok
will have bank credit lines available for general corporate
purposes, including possible acquisitions.
Reebok's stock was selling at 45-1/2, up 1/8. At that
price, the 1.4 mln Reebok shares Pentland will sell are worth
about 64 mln dlrs and the three mln shares Reebok will sell are
worth about 136.5 mln dlrs.
Pentland said it will use proceeds to fund growth and
possible acquisitions.
Pentland said 4,500,000 shares of Rebbok will be offered in
the U.S. by a syndicate led by Kidder, Peabody and Co Inc and
1,500,000 shares will be offered outside the U.S. by an
international syndicate led by Kidder.
It said the U.S. underwriters have been granted an option
to buy from certain selling stockholders up to an additional
900,000 shares to cover overallotments. Pentland said it has
not chosen to participate in this over allotment.
Pentland said that as soon as the date and price of the
offering have been determined it will release further details.
It said it expects the offering to close in May.
|
test/16310 | test/16310 |@title canada:1 january:1 lead:1 indicator:1 0:1 4:1 pct:1 |@word canada:2 lead:2 composite:1 indicator:1 rise:2 0:4 4:2 pct:4 january:2 eight:1 10:1 major:1 component:1 post:1 gain:3 widespread:1 monthly:1 advance:1 past:1 year:1 statistics:1 say:1 index:4 also:1 preceede:1 month:1 unfiltered:1 however:1 fall:1 1:2 december:1 residential:1 construction:1 manufacture:1 group:1 continue:1 improve:1 stock:1 market:1 turn:1 federal:1 agency:1 report:1 | CANADA JANUARY LEADING INDICATOR UP 0.4 PCT
Canada's leading composite indicator
rose 0.4 pct in January with eight of the 10 major components
posting gains, the most widespread monthly advance in the past
year, Statistics Canada said.
The index also gained 0.4 pct in the preceeding month. The
unfiltered index, however, fell 0.1 pct in January after rising
1.0 pct in December.
The gain was led by the residential construction index
while the manufacturing groups continued to improve and the
stock market index turned up, the federal agency reported.
|
test/16311 | test/16311 |@title national:1 westminster:1 bank:1 plc:1 1st:1 qtr:1 net:1 |@word net:1 17:1 7:1 mln:4 vs:3 15:1 3:1 note:1 national:1 westminster:1 bank:1 plc:1 subsidiary:1 loan:1 loss:1 provision:1 13:2 8:1 0:1 investment:1 securitiesd:1 gaon:1 2:1 003:1 000:2 dlrs:2 169:1 figure:1 dollar:1 | <NATIONAL WESTMINSTER BANK PLC> 1ST QTR NET
Net 17.7 mln vs 15.3 mln
NOTE: <National Westminster Bank PLC> subsidiary.
Loan loss provision 13.8 mln vs 13.0 mln
Investment securitiesd gaons 2,003,000 dlrs vs 169,000
dlrs.
Figures in dollars.
|
test/16312 | test/16312 |@title irving:1 bank:1 v:1 cite:1 loan:1 earn:1 decline:1 |@word irving:2 bank:2 corp:1 say:2 decline:1 first:3 quarter:3 earning:2 28:1 6:1 mln:5 dlrs:4 30:1 4:2 year:2 ago:1 period:2 due:1 placement:1 non:2 accrual:2 basis:1 215:1 33:1 medium:1 long:1 term:1 loan:2 borrower:1 brazil:1 equador:1 exclude:1 impact:1 net:1 income:1 would:2 rise:2 8:1 pct:2 32:1 9:1 per:2 share:2 amount:1 eight:1 1:3 75:1 dlr:3 report:1 51:1 compare:1 62:1 last:1 | IRVING BANK <V> CITES LOANS IN EARNING DECLINE
Irving Bank Corp said the decline in
its first quarter earnings to 28.6 mln dlrs from 30.4 mln dlrs
in the year-ago period were due to the placement on a
non-accrual basis of 215 mln dlrs and 33 mln dlrs of medium and
long-term loans to borrowers in Brazil and Equador.
Excluding the impact of the non-accrual loans, Irving said
its first quarter net income would have rose 8.4 pct to 32.9
mln and per share amounts would have risen eight pct to 1.75
dlr. In the first quarter the bank reported earnings per share
of 1.51 dlr compared to 1.62 dlr in the same period last year.
|
test/16314 | test/16314 |@title global:1 lowers:1 heavy:1 fuel:1 price:1 |@word global:1 petroleum:1 corp:1 say:2 today:2 lower:1 post:1 cargo:1 price:3 number:1 six:1 fuel:1 new:1 york:1 harbor:1 45:2 75:6 ct:5 barrel:1 effective:1 decrease:1 bring:1 one:1 pct:6 sulphur:5 20:2 dlrs:5 two:1 10:1 2:3 19:2 5:2 50:2 0:2 3:1 remain:1 unchanged:1 22:1 21:1 85:1 | GLOBAL LOWERS HEAVY FUELS PRICES
Global Petroleum corp said today it
lowered the posted cargo prices for number six fuel in the new
york harbor 45 to 75 cts a barrel, effective today.
The decrease brings the prices for one pct sulphur to 20.75
dlrs, down 45 cts, two pct sulphur 20.10 dlrs, down 75 cts, 2.2
pct sulphur 19.75 dlrs, down 75 cts and 2.5 pct sulphur 19.50
dlrs, down 75 cts.
Prices for 0.3 pct and 0.5 pct sulphur remained unchanged
at 22.50 and 21.85 dlrs, it said.
|
test/16315 | test/16315 |@title chemical:1 new:1 york:1 corp:1 chl:1 1st:1 qtr:1 net:1 |@word shr:1 1:3 58:1 dlrs:4 vs:8 93:1 net:2 86:1 220:1 000:2 102:1 629:1 avg:1 shrs:1 50:1 831:1 512:1 49:1 156:1 828:1 asset:2 61:1 04:2 billion:7 57:2 95:1 loan:2 38:2 76:1 39:1 68:1 deposit:1 20:1 33:1 14:1 return:2 0:2 pct:4 71:1 common:1 equity:1 11:1 47:1 15:1 19:1 note:1 1987:1 qtr:1 reduce:1 12:1 mln:1 brazil:1 place:1 non:1 accrual:1 | CHEMICAL NEW YORK CORP <CHL> 1ST QTR NET
shr 1.58 dlrs vs 1.93 dlrs
net 86,220,000 vs 102,629,000
avg shrs 50,831,512 vs 49,156,828
assets 61.04 billion vs 57.95 billion
loans 38.76 billion vs 39.68 billion
deposits 38.20 billion vs 33.14 billion
return on assets 0.57 pct vs 0.71 pct
return on common equity 11.47 pct vs 15.19 pct
NOTE: 1987 qtr net reduced by 12 mln dlrs because 1.04
billion dlrs of Brazil loans were placed on non-accrual
|
test/16316 | test/16316 |@title ccc:1 accept:1 bonus:1 cattle:1 canary:1 island:1 |@word commodity:2 credit:1 corporation:1 ccc:2 accept:1 bid:1 export:2 bonus:2 cover:1 sale:1 2:1 750:1 head:3 dairy:2 cattle:3 canary:2 island:2 u:1 agriculture:1 department:1 say:3 delivery:1 may:1 1987:1 october:1 1988:1 1:1 379:1 00:1 dlrs:1 per:1 make:1 holstein:1 friesian:1 inc:1 pay:1 form:1 inventory:1 additional:1 175:1 still:1 available:1 enhancement:1 program:1 initiative:1 announce:1 july:1 28:1 1986:1 | CCC ACCEPTS BONUS ON CATTLE TO CANARY ISLANDS
The Commodity Credit Corporation
(CCC) has accepted a bid for an export bonus to cover the sale
of 2,750 head of dairy cattle to the Canary Islands, the U.S.
Agriculture Department said.
The cattle are for delivery May, 1987-October, 1988, it
said.
The bonus was 1,379.00 dlrs per head and was made to
Holstein-Friesian, Inc and will be paid in the form of
commodities from the CCC inventory.
An additional 175 headed of dairy cattle for still
available to the Canary Islands under the Export Enhancement
Program initiative announced July 28, 1986, it said.
|
test/16317 | test/16317 |@title afg:2 industries:1 inc:1 1st:1 qtr:1 net:1 |@word shr:2 primary:2 54:1 ct:4 vs:5 41:1 dilute:1 51:1 38:1 net:1 9:1 098:1 000:2 5:1 924:1 revs:1 111:1 7:1 mln:2 85:1 0:1 avg:1 shrs:1 16:1 889:1 254:1 14:1 500:1 737:1 | AFG INDUSTRIES INC <AFG> 1ST QTR NET
Shr primary 54 cts vs 41 cts
Shr diluted 51 cts vs 38 cts
Net 9,098,000 vs 5.924,000
Revs 111.7 mln vs 85.0 mln
Avg shrs primary 16,889,254 vs 14,500,737
|
test/16318 | test/16318 |@title work:1 greek:1 alumina:1 plant:1 start:1 end:1 may:1 |@word preparatory:1 work:1 construction:1 450:1 mln:1 dlr:1 alumina:1 plant:3 near:1 village:1 aghia:1 efthymia:1 greek:1 province:1 fokida:1 begin:1 end:1 next:1 month:1 operational:1 1992:1 industry:1 undersecretary:1 george:1 petsos:2 say:2 greece:1 yesterday:1 sign:1 contract:1 soviet:2 union:2 joint:1 venture:1 project:1 big:1 investment:1 country:1 20:1 year:2 initially:1 agree:1 buy:1 380:1 000:2 tonne:2 would:1 purchase:1 entire:1 output:1 600:1 | WORK ON GREEK ALUMINA PLANT TO START END MAY
Preparatory work for construction of a
450 mln dlr alumina plant near the village of Aghia Efthymia in
the Greek province of Fokida will begin at the end of next
month and the plant will be operational by 1992, Industry
Undersecretary George Petsos said.
Greece yesterday signed contracts with the Soviet Union for
the joint venture project, the biggest investment in the
country for 20 years.
Petsos said the Soviet Union, which had initially agreed to
buy 380,000 tonnes, would now purchase the plant's entire
output of 600,000 tonnes a year.
|
test/16319 | test/16319 |@title new:1 milford:1 savings:1 bank:1 1st:1 qtr:1 net:1 |@word shr:2 62:1 ct:3 vs:2 26:1 net:1 2:1 312:1 000:2 944:1 note:1 1987:1 include:1 five:1 charge:1 loan:1 loss:1 provision:1 | <NEW MILFORD SAVINGS BANK> 1ST QTR NET
Shr 62 cts vs 26 cts
Net 2,312,000 vs 944,000
NOTE: 1987 includes five ct shr charge from loan loss
provision.
|
test/16320 | test/16320 |@title commonwealth:1 aluminum:1 put:1 plant:1 block:1 |@word commonwealth:3 aluminum:2 comalco:1 say:3 put:1 goldendale:1 wash:1 smelter:1 back:1 market:1 would:1 buyer:1 columbia:2 corp:1 hermiston:1 ore:1 fail:1 pull:1 together:1 financing:1 april:1 one:1 deadline:1 plant:2 ask:1 price:1 18:1 7:1 mln:2 dlrs:2 plus:1 several:1 inventory:1 continue:1 talk:2 also:1 open:1 interested:1 party:1 buy:1 january:1 1985:1 close:1 feb:1 15:1 1987:1 leave:1 400:1 worker:1 jobless:1 | COMMONWEALTH ALUMINUM PUTS PLANT ON THE BLOCK
Commonwealth Aluminum
(Comalco) said it put its Goldendale, Wash., smelter back on
the market after would-be buyer, Columbia Aluminum Corp, of
Hermiston, Ore., failed to pull together financing by an April
one deadline.
The plant, which has an asking price of 18.7 mln dlrs plus
several mln more dlrs for inventory, it said. Commonwealth said
it is continuing talks with Columbia, but has also opened talks
with other interested parties.
Commonwealth bought the plant in January 1985 and closed it
Feb 15, 1987, leaving about 400 workers jobless.
|
test/16324 | test/16324 |@title h:1 f:1 ahmanson:1 co:1 ahm:1 1st:1 qtr:1 net:1 |@word shr:2 84:2 ct:2 vs:7 80:1 net:1 82:1 416:1 000:2 67:1 819:1 revs:1 703:1 9:1 mln:2 759:1 7:1 avg:1 shrs:1 98:1 369:1 307:1 807:1 498:1 loan:1 19:3 06:1 billion:6 51:1 deposit:1 21:1 60:1 86:1 asset:1 27:2 16:1 15:1 note:1 prior:1 qtr:1 per:1 figure:1 adjust:1 three:1 one:1 stock:1 split:1 may:1 1986:1 | H.F. AHMANSON AND CO <AHM> 1ST QTR NET
Shr 84 cts vs 80 cts
Net 82,416,000 vs 67,819,000
Revs 703.9 mln vs 759.7 mln
Avg shrs 98,369,307 vs 84,807,498
Loans 19.06 billion vs 19.51 billion
Deposits 21.60 billion vs 19.86 billion
Assets 27.16 billion vs 27.15 billion
Note: Prior qtr per shr figure adjusted for three-for-one
stock split of May 1986.
|
test/16327 | test/16327 |@title pakistan:1 reportedly:1 buy:1 white:1 sugar:1 tender:1 |@word pakistan:1 report:1 buy:1 100:1 000:4 tonne:4 white:1 sugar:1 weekend:1 tender:1 north:1 korean:1 operator:1 trader:1 say:2 purchase:1 believe:1 price:1 around:1 210:1 dlrs:1 cost:1 freight:1 fine:1 medium:1 grain:1 due:1 ship:1 arrival:1 may:1 30:1 june:1 45:1 july:1 25:1 | PAKISTAN REPORTEDLY BOUGHT WHITE SUGAR AT TENDER
Pakistan is reported to have bought
100,000 tonnes of white sugar at its weekend tender from a
North Korean operator, traders said.
The purchase, believed priced around 210 dlrs a tonne cost
and freight for fine/medium grain, was due to be shipped for
arrival in May (30,000 tonnes), in June (45,000) and in July
(25,000 tonnes), they said.
|
test/16331 | test/16331 |@title fed:1 expect:1 set:1 three:1 day:1 repurchase:1 pact:1 |@word federal:2 reserve:3 expect:1 enter:1 u:1 government:1 security:1 market:1 add:2 temporary:1 directly:1 arrange:1 three:1 day:1 system:1 repurchase:2 agreement:2 economist:1 say:2 fed:1 may:1 indirectly:1 instead:1 via:1 large:1 round:1 two:1 billion:1 dlrs:1 customer:1 fund:1 average:1 high:1 6:3 35:1 pct:3 friday:1 open:1 7:1 16:1 trade:1 1:1 2:1 | FED EXPECTED TO SET THREE-DAY REPURCHASE PACTS
The Federal Reserve is expected to
enter the U.S. Government securities market to add temporary
reserves directly by arranging three-day System repurchase
agreements, economists said.
They said the Fed may add the reserves indirectly instead
via a large round, two billion dlrs or more, of customer
repurchase agreements.
Federal funds, which averaged a high 6.35 pct on Friday,
opened at 6-7/16 pct and traded between there and 6-1/2 pct.
|
test/16332 | test/16332 |@title allied:1 store:1 als:1 sell:1 dillard:1 dds:1 two:1 unit:1 |@word dillard:2 department:1 stores:3 inc:1 base:2 little:1 rock:1 ark:1 allied:7 corp:3 jointly:1 say:4 enter:1 definitive:1 purchase:1 agreement:2 sale:8 joske:4 cain:3 sloan:3 division:5 ally:6 255:1 mln:3 dlrs:4 cash:2 subject:1 certain:3 closing:1 adjustment:1 exclude:1 real:1 estate:1 asset:3 estimate:1 aggregate:1 value:1 30:4 current:1 market:1 condition:1 26:1 store:4 texas:1 one:1 arizona:1 four:1 nashville:1 large:1 unit:1 slate:1 restructuring:1 subsidiary:1 campeau:4 acquire:2 canadian:1 developer:1 last:1 year:1 robert:1 chairman:1 terrific:1 start:1 disposition:1 program:1 proceed:2 well:1 ahead:1 schedule:2 fulfill:1 requirement:1 bank:2 sell:2 june:3 give:1 additional:1 flexibility:1 disposal:1 remain:1 require:1 pay:2 200:1 debt:1 doubt:1 wall:1 street:1 company:1 could:1 meet:2 payment:2 source:2 believe:1 put:2 strong:1 negotiating:1 position:2 maximize:1 receive:1 able:2 know:1 1:2 bilion:1 target:2 dec:1 31:1 1988:1 aquisition:1 take:1 bid:1 bonwit:1 teller:1 garfinckel:1 dey:1 donaldson:1 herpolsheimer:1 heer:1 miller:2 rhoad:1 pomeroy:1 catherine:1 plymouth:1 shop:1 jerry:1 leonard:1 provide:1 38:1 4:1 pct:2 net:1 11:1 8:1 profit:1 fiscal:1 1985:1 | ALLIED STORES <ALS> SELLS DILLARD <DDS> TWO UNITS
Dillard Department Stores Inc, based
in Little Rock, Ark., and Allied Stores Corp jointly said they
entered a definitive purchase agreement for the sale to Dillard
of the Joske's and the Cain-Sloan divisions of Allied for 255
mln dlrs cash, subject to certain closing adjustments.
The sale excludes certain real estate assets of Joske's and
Cain-Sloan, which Allied estimates have an aggregate value of
30 mln dlrs based on current market conditions.
Joske's has 26 stores in Texas and one in Arizona.
Cain-Sloan has four stores in Nashville. Joske's is the largest
unit Allied has slated for sale in its restructuring.
Allied Stores Corp, a subsidiary of Campeau Corp, was
acquired by acquired by the Canadian developer last year.
Robert Campeau, chairman of Allied, said 'this is a
terrific start to our disposition program which is proceeding
well ahead of schedule. This sale will fulfill the requirements
under our bank agreements to sell certain assets by June 30 and
give us additional flexibility in the disposal of the remaining
divisions being sold.'
Allied Stores is required to pay 200 mln dlrs in bank debt
by June 30. There had been some doubts on Wall Street that the
company could meet the payment.
A Campeau source said, 'We believe this cash sale puts us
in a very strong negotiating position to maximize the proceeds
Allied can receive from its other divisions.'
'Allied was able to put itself in a position where it knows
it will be able to meet the June 30 payment schedules,' the
source said.
About 1.1 bilion dlrs in Allied assets had been targeted
for sale by Dec. 31, 1988 to pay for the aquisition of Allied
by Campeau.
Allied will be taking bids for its other divisions.
Targeted for sale are Bonwit Tellers, Garfinckel's, Dey's,
Donaldson's, Herpolsheimer's, Heer's, Miller's, Miller and
Rhoads, Pomeroy's, Catherine's, Plymouth Shops, and Jerry
Leonard. The divisions provided 38.4 pct of Allied net sales
and 11.8 pct of store profit in fiscal 1985.
|
test/16336 | test/16336 |@title ncr:3 continue:1 expect:1 earning:1 growth:1 |@word corp:2 earlier:2 report:2 high:1 first:6 quarter:6 profit:3 say:8 continue:1 expect:1 record:1 earning:2 revenue:4 1987:2 optimism:1 base:2 incoming:2 order:3 rate:1 strength:1 product:3 line:2 company:2 ncr:7 plan:1 additional:1 new:1 announcement:1 year:6 without:2 elaborate:1 increase:3 61:1 5:2 mln:5 dlrs:6 65:1 ct:2 share:2 50:1 2:2 51:1 prior:4 1986:1 full:1 rise:1 336:1 315:1 result:1 strong:2 growth:4 particularly:1 europe:1 pacific:1 marketing:1 group:1 u:3 also:2 improve:1 1:1 12:1 billion:1 960:1 8:1 dollar:1 value:1 worldwide:1 post:1 substantial:1 gain:1 give:1 specific:1 figure:1 broad:1 across:1 great:1 come:1 | NCR <NCR> CONTINUES TO EXPECT EARNINGS GROWTH
NCR Corp, earlier reporting higher
first quarter profit, said it continues to expect that it will
report record earnings and revenue for all of 1987.
'Our optimism is based on our incoming order rates and the
strength of our product lines,' the company said.
NCR Corp plans additional new product announcements this
year, it said without elaborating.
NCR earlier said first quarter profit increased to 61.5 mln
dlrs or 65 cts share from 50.2 mln dlrs or 51 cts share in the
prior year. NCR's 1986 full-year earnings rose to 336.5 mln
dlrs from 315.2 mln dlrs in the prior year.
NCR said the increase in first quarter profit resulted from
strong revenue growth, which was particularly strong in Europe
and Pacific marketing groups.
Growth in U.S. revenues also improved, the company said.
First quarter revenues increased to 1.12 billion dlrs from
960.8 mln dlrs in the prior year.
NCR's U.S. dollar value of 1987 first quarter worldwide
incoming orders posted a very substantial gain over the prior
year first quarter, NCR also said without giving specific
figures. Order growth was broad based across NCR's product
lines, with the greatest growth coming from U.S., it said.
|
test/16337 | test/16337 |@title genetics:1 institute:1 inc:1 geni:1 1st:1 qtr:1 loss:1 |@word period:1 end:1 february:1 28:1 shr:1 loss:4 11:3 ct:2 vs:4 net:1 1:1 309:1 000:6 937:1 revs:1 5:1 271:1 4:1 417:1 avg:1 shrs:1 690:1 8:1 724:1 | GENETICS INSTITUTE INC <GENI.O> 1ST QTR LOSS
Period ended February 28
Shr loss 11 cts vs loss 11 cts
Net loss 1,309,000 vs loss 937,000
Revs 5,271,000 vs 4,417,000
Avg shrs 11,690,000 vs 8,724,000
|
test/16339 | test/16339 |@title entre:1 computer:1 etre:1 close:1 overseas:1 unit:1 |@word entre:1 computer:1 centers:1 inc:1 say:2 discontinue:1 european:1 australian:1 operation:2 company:1 today:1 report:1 loss:1 second:2 quarter:2 end:1 february:1 28:1 2:2 733:1 000:5 dlrs:3 6:1 705:1 dlr:2 pretax:1 provision:1 shutdown:1 overseas:2 unit:1 511:1 tax:1 credit:1 year:1 earlier:1 earn:1 911:1 lose:1 400:1 appear:1 strong:1 enough:1 provide:1 future:1 growth:1 | ENTRE COMPUTER <ETRE.O> CLOSING OVERSEAS UNITS
Entre Computer Centers Inc said it
is discontinuing its European and Australian operations.
The company today reported a loss for the second quarter
ended February 28 of 2,733,000 dlrs, after a 6,705,000 dlr
pretax provision for the shutdown of the overseas units and a
2,511,000 dlr tax credit. A year earlier it earned 911,000
dlrs.
It said the overseas operations lost 400,000 dlrs in the
second quarter and did not appear strong enough to provide for
future growth.
|
test/16342 | test/16342 |@title entre:1 computer:1 centers:1 inc:1 etre:1 2nd:1 qtr:1 loss:1 |@word shr:2 loss:4 29:1 ct:4 vs:6 profit:4 10:1 net:3 2:4 733:1 000:7 911:1 revs:2 21:1 5:2 mln:4 18:1 1st:1 half:2 23:1 26:1 154:1 445:1 37:2 8:1 7:1 note:1 current:1 year:1 period:1 include:1 6:1 705:1 dlr:1 pretax:1 provision:1 close:1 overseas:1 operation:1 tax:1 credit:1 511:1 dlrs:2 quarter:1 1:1 977:1 | ENTRE COMPUTER CENTERS INC <ETRE> 2ND QTR LOSS
Shr loss 29 cts vs profit 10 cts
Net loss 2,733,000 vs profit 911,000
Revs 21.5 mln vs 18.5 mln
1st half
Shr loss 23 cts vs profit 26 cts
Net loss 2,154,000 vs profit 2,445,000
Revs 37.8 mln vs 37.7 mln
NOTE: Current year net both periods includes 6,705,000 dlr
pretax provision for closing overseas operations and tax
credits 2,511,000 dlrs in quarter and 1,977,000 dlrs in half.
|
test/16343 | test/16343 |@title merrill:1 lynch:1 mer:1 investment:1 revenue:1 |@word merrill:2 lynch:2 co:1 say:3 investment:1 banking:1 revenue:2 strong:1 first:7 quarter:7 rise:2 257:1 4:1 mln:6 dlrs:5 152:1 9:1 1986:2 make:2 steady:1 progress:1 period:1 market:1 activity:2 mark:1 unprecedented:1 william:1 schreyer:1 chairman:1 cheif:1 executive:1 officer:2 daniel:1 tully:1 president:1 chief:1 operating:1 earlier:1 company:1 report:1 net:1 income:1 108:1 6:1 one:1 dlr:1 per:2 share:2 86:1 8:1 85:1 ct:1 insurance:1 big:1 gain:1 242:1 3:2 68:1 last:1 year:1 | MERRILL LYNCH <MER> INVESTMENT REVENUES UP
Merrill Lynch and Co said investment
banking revenues were strong in the first quarter, rising to
257.4 mln dlrs from 152.9 mln in the first quarter 1986.
'We have made steady progress in a period of market
activity which has been marked by unprecedented activity,'
William Schreyer, chairman and cheif executive officer, and
Daniel Tully, president and chief operating officer, said.
Earlier, the company reported first quarter net income of
108.6 mln dlrs, or one dlr per share, up from 86.8 mln dlrs, or
85 cts per share, in 1986's first quarter.
Merrill Lynch said its insurance revenues made the biggest
gains in the first quarter, rising to 242.3 mln dlrs in the
this first quarter, from 68.3 mln dlrs in last year's first
quarter.
|
test/16346 | test/16346 |@title standard:1 microsystems:1 corp:1 smsc:1 4th:1 qtr:1 net:1 |@word feb:1 28:2 end:1 shr:2 profit:6 four:2 ct:2 vs:10 loss:2 nil:2 net:3 448:1 000:8 rev:1 15:1 1:4 mln:8 11:5 5:2 avg:2 shrs:2 2:4 year:2 459:1 51:1 revs:1 53:2 44:1 note:1 include:1 tax:1 credit:1 dlrs:4 023:1 quarter:1 48:1 557:1 | STANDARD MICROSYSTEMS CORP <SMSC.O> 4TH QTR NET
Feb 28 end
Shr profit four cts vs loss nil
Net profit 448,000 vs loss 28,000
Revs 15.1 mln vs 11.5 mln
Avg shrs 11.2 mln vs 11.1 mln
Year
Shr profit four cts vs profit nil
Net profit 459,000 vs profit 51,000
Revs 53.2 mln vs 44.5 mln
Avg shrs 11.2 mln vs 11.1 mln
NOTE: Net includes tax credits of 53,000 dlrs vs 1,023,000
dlrs in quarter and 48,000 dlrs vs 2,557,000 dlrs in year.
|
test/16347 | test/16347 |@title pennsylvania:1 real:1 estate:1 investment:1 trust:1 pei:1 |@word oper:4 shr:2 39:1 ct:4 vs:8 47:1 net:3 2:2 104:1 462:1 452:1 420:1 rev:1 4:5 675:1 904:1 744:1 248:1 avg:2 shrs:2 5:3 427:2 561:1 139:1 415:1 1st:1 half:2 82:1 93:1 418:1 718:1 609:1 613:1 revs:1 9:2 346:1 483:1 338:1 590:1 486:1 943:1 966:1 note:1 current:1 year:1 exclude:1 gain:1 sale:1 real:1 estate:1 470:1 778:1 dlrs:2 quarter:1 1:1 533:1 273:1 period:1 end:1 february:1 28:1 | PENNSYLVANIA REAL ESTATE INVESTMENT TRUST <PEI>
Oper shr 39 cts vs 47 cts
Oper net 2,104,462 vs 2,452,420
Revs 4,675,904 vs 4,744,248
Avg shrs 5,427,561 vs 5,139,415
1st half
Oper shr 82 cts vs 93 cts
Oper net 4,418,718 vs 4,609,613
Revs 9,346,483 vs 9,338,590
Avg shrs 5,427,486 vs 4,943,966
NOTE: Current year net excludes gains on sale of real
estate of 470,778 dlrs in quarter and 1,533,273 dlrs in half.
Period ended February 28.
|
test/16348 | test/16348 |@title allwaste:1 inc:1 alws:1 2nd:1 qtr:1 feb:1 28:1 |@word shr:2 profit:4 four:2 ct:4 vs:7 loss:4 one:1 net:2 172:1 000:5 180:1 revs:1 4:4 2:2 mln:5 883:1 six:1 month:1 nine:1 315:1 107:1 rev:1 7:1 1:1 8:1 avg:1 shrs:1 6:1 | ALLWASTE INC <ALWS.O> 2ND QTR FEB 28
Shr profit four cts vs loss one cts
Net profit 172,000 vs loss 180,000
Revs 4.2 mln vs 883,000
Six months
Shr profit nine cts vs loss four cts
Net profit 315,000 vs loss 107,000
Revs 7.4 mln vs 1.8 mln
Avg shrs 4.4 mln vs 2.6 mln
|
test/16350 | test/16350 |@title scott:1 stringfellow:1 scot:1 3rd:1 qtr:1 mar:1 31:1 |@word shr:2 37:2 ct:2 vs:7 net:2 687:1 888:1 441:1 659:1 revs:2 7:2 9:1 mln:8 6:2 8:2 nine:1 month:1 1:6 12:1 dlrs:2 07:1 3:1 23:1 2:2 19:1 avg:1 shrs:1 note:1 full:1 name:1 scott:1 stringfellow:1 financial:1 corp:1 | SCOTT AND STRINGFELLOW <SCOT.O> 3RD QTR MAR 31
Shr 37 cts vs 37 cts
Net 687,888 vs 441,659
Revs 7.9 mln vs 6.8 mln
Nine months
Shr 1.12 dlrs vs 1.07 dlrs
Net 1.8 mln vs 1.3 mln
Revs 23.2 mln vs 19.7 mln
Avg shrs 1.6 mln vs 1.2 mln
NOTE:Full name is Scott and Stringfellow Financial Corp.
|
test/16354 | test/16354 |@title foster:1 fwc:1 unit:1 audit:1 reveal:1 discrepancy:1 |@word foster:7 wheeler:1 corp:2 fwc:1 say:7 audit:2 stearns:3 airport:2 equiment:1 co:1 inc:1 unit:2 reveal:1 substantial:1 discrepancy:2 account:1 may:1 require:1 material:1 adjustment:1 previously:1 announce:1 consolidated:1 result:2 company:4 subsidiary:3 certain:1 stearn:4 officer:1 senior:1 management:1 make:2 operation:1 appear:1 profitable:1 improperly:1 record:1 job:2 cost:2 president:2 controller:2 resign:1 spokesman:2 know:1 name:1 could:1 immediately:1 comment:2 release:1 amount:2 involve:1 13:1 7:1 mln:5 dlrs:6 taxis:1 8:1 2:1 net:1 tax:2 due:1 improper:1 recording:1 period:3 several:1 year:1 continue:2 part:1 first:1 quarter:1 1987:2 conergic:1 impact:1 likely:1 significant:1 charge:1 prior:1 determine:1 report:2 earning:1 28:1 26:2 35:1 4:1 1986:2 1985:1 1984:1 respectively:1 base:2 crowley:1 texas:1 baggage:1 conveyor:1 equipment:1 passenger:1 loading:1 bridge:1 diversified:1 international:1 concern:1 27:1 operate:1 worldwide:1 livingston:1 new:1 jersey:1 revenue:1 end:1 december:1 1:1 3:1 billion:1 detailed:1 investigation:2 decline:1 | FOSTER <FWC> UNIT AUDIT REVEALS DISCREPANCIES
Foster Wheeler Corp <FWC> said an
audit of its Stearns Airport Equiment Co Inc unit, revealed
'substantial discrepancies' in Stearns accounts that may
require material adjustments to previously announce
consolidated results of the company and its subsidiaries.
Foster said certain Stearn officers and senior management
made Stearn's operations appear more profitable than they were
by improperly recording job costs. It said Stearn's president
and controller had resigned. A Foster spokesman said he did not
know the names of the president and controller, and could not
immediately comment on the release.
Foster said the amount involved in the 'discrepancy' is
about 13.7 mln dlrs before taxes or about 8.2 mln dlrs net
after tax due to an 'improper recording of job costs over a
period of several years and continuing through part of the
first quarter of 1987.'
Stearns is a unit of Foster's Conergic Corp subsidiary.
The company said the impact on its results for 1987 was not
'likely to be significant' but the amount to be charged to
prior periods had not been determined.
Foster reported after tax earnings of 28 mln dlrs, 26 mln
dlrs and 35.4 mln dlrs for 1986, 1985, and 1984, respectively.
Stearns, based in Crowley, Texas, makes airport baggage
conveyor equipment and passenger loading bridges.
Foster, a diversified international concern with 27
subsidiaries operating worldwide, is based in Livingston, New
Jersey. Its reported revenues for the period ended December 26,
1986 of 1.3 billion dlrs.
The company said a detailed audit and investigation is
continuing. A company spokesman declined to comment further on
the investigation.
|
test/16357 | test/16357 |@title taiwan:1 announce:1 new:1 round:1 import:1 tariff:1 cut:1 |@word taiwan:6 announce:1 plan:1 another:1 round:1 import:3 tariff:5 cut:7 862:1 foreign:2 good:1 shortly:1 trade:6 talk:5 washington:7 official:3 describe:1 move:2 help:2 balance:1 united:3 states:3 wang:1 der:1 hwa:1 deputy:1 director:1 finance:1 ministry:2 customs:1 administration:1 department:1 tell:2 reporter:2 list:1 product:4 include:1 60:1 item:1 ask:1 part:1 government:1 effort:1 encourage:1 trading:2 partner:2 particularly:1 say:4 send:1 proposal:1 today:3 cabinet:2 cosmetic:1 bicycle:1 apple:1 radio:1 garment:1 soybean:1 television:1 set:1 five:1 50:1 pct:1 expect:1 give:2 approval:1 next:1 thursday:1 new:1 would:3 implement:1 possibly:1 start:2 april:2 20:1 add:1 introduce:1 sweeping:1 1:1 700:1 last:3 january:1 aim:1 reduce:1 grow:1 surplus:2 island:1 large:2 however:1 satisfied:1 press:1 reduction:1 way:1 huge:1 deficit:2 taipei:2 rise:2 record:1 13:1 6:1 billion:4 u:6 dlrs:1 year:2 10:1 2:2 1985:1 widen:1 3:1 61:1 first:1 quarter:1 1987:1 78:1 earlier:1 figure:1 show:1 announcement:1 come:1 departure:1 later:1 15:1 member:1 delegation:2 series:1 leader:1 vincent:1 siew:2 night:1 leave:1 heavy:1 heart:1 mean:1 face:1 tough:1 protectionist:1 sentiment:1 congress:1 1986:1 third:1 japan:1 canada:1 14:1 cover:1 call:1 open:1 market:1 american:1 purchase:1 major:1 machinery:1 power:1 plant:1 equipment:1 protection:1 intellectual:1 property:1 afraid:1 time:1 take:1 without:1 elaborate:1 | TAIWAN ANNOUNCES NEW ROUND OF IMPORT TARIFF CUTS
Taiwan announced plans for another round
of import tariff cuts on 862 foreign goods shortly before trade
talks with Washington which officials described as a move to
help balance trade with the United States.
Wang Der-Hwa, Deputy Director of the Finance Ministry's
Customs Administration Department, told reporters the list of
products included 60 items asked by Washington.
'The move is part of our government efforts to encourage
imports from our trading partners, particularly from the United
States,' he said.
He said the ministry sent a proposal today to the cabinet
that the tariffs on such products as cosmetics, bicycles,
apples, radios, garments, soybeans and television sets be cut
by between five and 50 pct.
The cabinet was expected to give its approval next Thursday
and the new tariff cuts would be implemented possibly starting
on April 20, he added.
Taiwan introduced a sweeping tariff cut on some 1,700
foreign products last January aimed at helping reduce its
growing trade surplus with the United States, the island's
largest trading partner.
Washington however was not satisfied with the cuts and
pressed for more reductions as a way of cutting its huge trade
deficit with Taipei.
Washington's deficit with Taipei rose to a record 13.6
billion U.S. Dlrs last year from 10.2 billion in 1985. It
widened to 3.61 billion in the first quarter of 1987 from 2.78
billion a year earlier, Taiwan's official figures show.
Today's announcement came before a departure later today of
a 15-member Taiwan delegation for Washington for a series of
trade talks with U.S. Officials.
The delegation's leader, Vincent Siew, told reporters last
night he was leaving with 'a heavy heart,' meaning that he would
face tough talks in Washington because of rising protectionist
sentiments in the U.S. Congress. Taiwan's 1986 trade surplus
with Washington was the third largest, after Japan and Canada.
Siew said the talks, starting on April 14, would cover U.S.
Calls for Taiwan to open its market to American products,
purchases of major U.S. Machinery and power plant equipment,
import tariff cuts and protection of intellectual property.
'I am afraid this time we have to give more than take from
our talks with the U.S.,' he said without elaborating.
|
test/16359 | test/16359 |@title bulgaria:1 romania:1 grain:1 crop:1 see:1 less:1 favorable:1 |@word current:1 prospect:1 year:1 grain:1 crop:2 bulgaria:1 romania:1 appear:2 less:1 favorable:1 1986:1 u:1 agriculture:1 department:1 officer:1 belgrade:1 say:6 field:5 report:4 assessment:1 base:1 travel:1 two:1 country:1 march:1 30:2 april:1 4:1 condition:4 well:1 earlier:1 expect:1 follow:1 extreme:1 dry:1 last:3 fall:3 prolong:1 winter:1 temperature:1 spring:2 however:1 general:1 plant:1 development:1 least:1 three:1 week:1 behind:1 normal:1 vary:2 greatly:1 region:1 seed:1 optimum:1 period:1 especially:1 receive:1 supplemental:1 irrigation:1 water:1 65:1 pct:2 observe:1 good:1 little:1 evidence:1 winterkill:2 considerably:1 lack:1 adequate:1 moisture:1 show:1 weak:1 uneven:1 stand:1 spotty:1 germination:1 average:1 10:1 | BULGARIA, ROMANIA GRAIN CROP SEEN LESS FAVORABLE
Current prospects for this year's
grain crop in Bulgaria and Romania appear less favorable than
in 1986, the U.S. Agriculture Department's officer in Belgrade
said in a field report.
The report said the assessment was based on travel in the
two countries from March 30 to April 4.
It said crop conditions were better than earlier expected
following the extreme dry conditions last fall and the
prolonged winter temperatures this spring.
However, in general plant development was at least three
weeks or more behind normal this spring, and conditions varied
greatly by regions, the report said.
Fields seeded during the optimum period last fall, and
especially those receiving supplemental irrigation water (about
65 pct of the fields observed), appeared to be in good
condition, with little evidence of winterkill, while others
varied considerably, the report said.
Fields lacking adequate moisture last fall showed weak and
uneven stands. Spotty germination and winterkill in those
fields averaged 10 to 30 pct, it said.
|
test/16360 | test/16360 |@title elcor:1 corp:1 elk:1 3rd:1 qtr:1 march:1 31:1 |@word shr:2 21:1 ct:3 vs:6 eight:1 net:2 1:4 5:1 mln:9 536:1 000:3 revs:2 26:1 6:2 17:1 7:2 nine:3 month:3 11:1 dlrs:5 43:1 8:1 3:2 0:1 86:1 9:2 82:1 note:1 share:1 adjust:1 2:1 stock:1 split:1 payable:1 may:2 28:1 1987:3 holder:1 record:1 14:1 3rd:2 qtr:2 include:2 tax:2 loss:2 carryforward:2 gain:2 695:1 respectively:2 1986:1 260:1 4:1 | ELCOR CORP <ELK> 3RD QTR MARCH 31
Shr 21 cts vs eight cts
Net 1.5 mln vs 536,000
Revs 26.6 mln vs 17.7 mln
Nine months
Shr 1.11 dlrs vs 43 cts
Net 7.8 mln vs 3.0 mln
Revs 86.9 mln vs 82.9 mln
NOTE:Shares adjusted for 2-for-1 stock split payable May
28, 1987 to holders of record May 14, 1987.
1987 3rd qtr and nine months includes tax loss carryforward
gain of 695,000 dlrs and 3.6 mln dlrs, respectively.
1986 3rd qtr nine months includes tax loss carryforward
gains of 260,000 dlrs and 1.4 mln dlrs, respectively.
|
test/16362 | test/16362 |@title saudi:1 arabia:1 buy:1 rbd:1 palm:1 olein:1 |@word saudi:1 arabia:1 buy:1 4:1 000:1 tonne:2 malaysian:1 refined:1 bleach:1 deodorise:1 palm:1 olein:1 june:1 1:1 10:1 shipment:1 around:1 356:1 dlrs:1 per:1 cost:1 freight:1 jeddah:1 trader:1 say:1 | SAUDI ARABIA BUYS RBD PALM OLEIN
Saudi Arabia bought 4,000 tonnes of
Malaysian refined bleached deodorised palm olein for June 1/10
shipment at around 356 dlrs per tonne cost and freight Jeddah,
traders said.
|
test/16363 | test/16363 |@title abington:1 savings:1 bank:1 abbk:1 1st:1 qtr:1 net:1 |@word shr:1 27:1 ct:1 vs:5 give:2 net:1 617:1 000:2 550:1 loan:1 92:1 8:1 mln:6 84:1 7:1 deposit:1 121:1 9:1 119:1 4:3 asset:1 155:1 152:1 note:1 prior:1 share:1 due:1 june:1 18:1 1986:1 conversion:1 stock:1 ownserhip:1 | ABINGTON SAVINGS BANK <ABBK.O> 1ST QTR NET
Shr 27 cts vs not given
Net 617,000 vs 550,000
Loans 92.8 mln vs 84.7 mln
Deposits 121.9 mln vs 119.4 mln
Assets 155.4 mln vs 152.4 mln
Note: prior share not given due to June 18, 1986 conversion
to stock ownserhip
|
test/16365 | test/16365 |@title banking:1 center:1 tbcx:1 1st:1 qtr:1 net:1 |@word shr:1 29:1 ct:1 vs:5 give:1 net:2 3:1 508:1 000:8 2:1 483:1 note:1 company:1 go:1 public:1 august:1 1986:2 figure:1 restate:1 include:1 loan:2 loss:1 provision:1 550:1 dlrs:6 203:1 gain:2 sale:2 security:1 309:1 638:1 403:1 553:1 | BANKING CENTER <TBCX> 1ST QTR NET
Shr 29 cts vs not given
Net 3,508,000 vs 2,483,000
NOTE: Company went public in August 1986.
1986 figures restated.
Net includes loan loss provision 550,000 dlrs vs 203,000
dlrs, gain on sale of securities of 309,000 dlrs vs 638,000
dlrs and gain on sale of loans 403,000 dlrs vs 553,000 dlrs.
|
test/16366 | test/16366 |@title soviet:1 tanker:1 set:1 carry:1 kuwaiti:1 oil:1 |@word kuwait:5 agree:1 charter:1 tanker:4 soviet:6 union:2 move:1 protect:1 oil:2 export:2 mideast:1 gulf:2 diplomatic:1 source:1 say:7 agreement:1 follow:1 month:1 talk:1 u:1 way:2 secure:1 iran:3 start:1 attack:2 kuwaiti:1 connect:1 vessel:2 retaliation:1 backing:1 war:1 enemy:1 iraq:2 diplomat:3 expect:2 three:1 initially:1 reinforce:1 flag:1 already:1 support:1 22:1 fleet:1 know:3 deal:1 moscow:1 provide:1 naval:1 escort:2 idea:1 protection:1 implicit:1 one:1 cargo:1 ship:2 bind:1 past:1 unload:1 arm:1 materiel:1 road:1 delivery:1 sail:2 far:1 none:1 chartered:1 khor:1 fakkan:1 united:1 arab:1 emirates:1 uae:1 coast:1 short:1 outside:1 strait:1 hormuz:1 mouth:1 | SOVIET TANKERS SET TO CARRY KUWAITI OIL
Kuwait has agreed to charter tankers
from the Soviet Union in a move to protect its oil exports
through the Mideast Gulf, diplomatic sources said.
They said the agreement followed months of talks with the
Soviet Union and the U.S. On ways to secure its oil exports
after Iran started to attack Kuwaiti-connected vessels in
retaliation for Kuwait's backing for Iran's war enemy Iraq.
Diplomats said they expect three Soviet tankers initially
to reinforce other flags already supporting Kuwait's 22-tanker
fleet.
The diplomats said they knew of no deal for Moscow to
provide a naval escort for its own vessels, but 'the idea of
protection is implicit,' one said.
They said Soviet cargo ships bound for Kuwait in the past
to unload arms and materiel for road delivery to Iraq were
known to have sailed under escort. So far, none of the Soviet
ships are known to have been attacked by Iran. Diplomats said
they expected the chartered Soviet tankers to sail between
Kuwait and Khor Fakkan on the United Arab Emirates (UAE) coast
a short way outside the Strait of Hormuz at the mouth of the
Gulf.
|
test/16367 | test/16367 |@title chemical:1 chl:1 net:1 hurt:1 brazil:1 expense:1 |@word chemical:9 new:1 york:1 corp:1 say:6 first:2 quarter:3 profit:3 fall:2 16:1 pct:7 largely:1 place:3 1:7 04:1 billion:6 dlrs:17 loan:9 brazil:4 non:6 accrual:3 report:1 net:6 income:6 86:2 2:5 mln:24 102:1 6:2 year:4 earlier:3 declare:1 brazilian:2 perform:1 cost:3 21:2 lose:1 interest:6 12:1 tax:4 13:1 3:7 jump:1 expense:1 471:1 415:1 9:4 also:3 hit:1 bottom:1 line:1 rise:3 mainly:1 due:1 staff:1 associate:1 continued:1 growth:1 consumer:1 capital:1 market:1 investment:1 banking:2 activity:1 exclude:2 effect:1 would:1 98:1 4:2 1986:3 earning:1 suspend:2 payment:2 68:1 medium:1 long:1 term:1 debt:2 february:1 20:1 resume:1 end:5 whole:1 1987:1 reduce:3 51:1 52:1 ecuador:1 quito:1 government:1 foreign:2 5:3 476:1 488:1 spread:2 narrow:1 61:1 96:1 reflect:1 reclassification:1 federal:1 rate:2 affect:1 calculation:1 taxabale:1 equivalent:1 adjustment:1 exempt:1 asset:1 narrowing:1 prime:1 fund:1 exchange:1 trading:2 37:1 27:1 0:1 bond:1 drop:1 26:1 fee:1 trust:1 service:1 146:1 129:1 provision:1 loss:2 87:1 compare:3 83:1 8:1 charge:1 60:1 7:1 leave:1 allowance:1 672:1 74:1 outstanding:1 594:1 50:1 accrue:1 march:2 39:1 35:2 22:1 | CHEMICAL <CHL> NET HURT BY BRAZIL, EXPENSES
Chemical New York Corp said its
first-quarter profits fell by 16 pct, largely because it placed
1.04 billion dlrs of loans to Brazil on non-accrual.
Chemical reported first-quarter net income of 86.2 mln
dlrs, down from 102.6 mln a year earlier, but declaring the
Brazilian loans non-performing cost Chemical 21 mln dlrs in
lost interest income, or 12 mln dlrs after-tax.
A 13.3 pct jump in non-interest expense to 471.3 mln dlrs
from 415.9 mln also hit the bottom line. It said the rise was
mainly due to staff costs associated with continued growth in
consumer, capital markets and investment banking activities.
Excluding the effect of placing Brazil on non-accrual,
Chemical said its net income would have been 98.2 mln dlrs, or
4.3 pct below 1986 earnings.
Brazil suspended interest payments on 68 billion dlrs of
medium- and long-term debt on February 20. If they are not
resumed by year's end, Chemical said its after-tax net for the
whole of 1987 will be reduced by about 51 mln dlrs.
Chemical also placed 52 mln dlrs of loans to Ecuador on
non-accrual because the Quito government also suspended
interest payments on its foreign debt. This reduced interest
income by 1.5 mln dlrs.
Chemical said net interest income fell to 476.4 mln dlrs
from 488.9 mln and its net spread narrowed to 3.61 pct from
3.96 pct.
This reflected the reclassification of Brazilian loans, a
reduced federal income tax rate (which affected the calculation
of the taxabale-equivalent adjustment on tax-exempt assets) and
a narrowing of the spread between the prime rate and Chemical's
cost of funds.
Foreign exchange trading profits rose to 37.9 mln dlrs from
27.0 mln, but bond trading profits dropped to 21.9 mln dlrs
from 26.2 mln.
Fees from trust and other banking services rose to 146.5
mln dlrs from 129.3 mln a year earlier, Chemical said.
The provision for loan losses was 87.2 mln dlrs, compared
with 83.8 mln. Net loan charge-offs were 86.5 mln, up from 60.7
mln, leaving the allowance for loan losses at 672.6 mln dlrs at
quarter's end, or 1.74 pct of loans outstanding, compared with
594.3 mln, or 1.50 pct, a year earlier.
Non-accruing loans at the end of March were 2.39 billion
dlrs (1.35 billion excluding Brazil), compared with 1.35
billion at the end of 1986 and 1.22 billion at the end of
March, 1986.
|
test/16369 | test/16369 |@title genetic:1 geni:1 see:1 high:1 87:1 loss:1 |@word genetics:1 institute:1 inc:1 earlier:2 report:2 increase:1 first:2 quarter:2 net:1 loss:7 say:3 expect:1 incur:1 fiscal:4 1987:1 somewhat:1 high:1 1986:2 4:1 504:1 000:3 dlrs:4 end:2 november:1 30:1 compare:1 1985:1 1:2 732:1 00:1 company:2 result:1 strategic:1 decision:1 invest:1 prudent:1 level:1 equity:1 development:1 product:1 manufacture:1 bring:1 market:1 genetic:1 february:1 28:1 rise:1 309:1 year:1 ago:1 937:1 | GENETICS <GENI.O> SEES HIGHER 87 LOSSES
Genetics Institute Inc,
earlier reporting an increased first quarter net loss, said it
expects to incur losses in fiscal 1987 'that are somewhat higher
than those reported in fiscal 1986.'
It had a loss of 4,504,000 dlrs for fiscal 1986 ended
November 30, compared to a fiscal 1985 loss of 1,732,00 dlrs.
The company said the losses result from its strategic
decision to invest prudent levels of equity in development of
products the company can manufacture and bring to market.
Genetics earlier said first quarter ended February 28
losses rose to 1,309,000 dlrs from year-ago loss of 937,000
dlrs.
|
test/16370 | test/16370 |@title investor:1 boost:1 trans:1 lux:1 tlx:1 stake:1 |@word investor:2 albert:1 kahn:5 say:4 statement:1 group:2 head:1 increase:1 stake:1 trans:5 lux:5 corp:1 8:2 9:1 pct:3 1:1 fully:1 dilute:1 basis:1 indicate:1 filing:1 securities:1 exchange:1 commission:1 buy:1 additional:2 7:1 300:1 common:1 share:2 100:1 000:1 dlrs:1 nine:1 convertible:2 subordinated:1 debenture:1 due:1 2005:1 6:1 803:1 consider:1 seek:2 representation:1 board:1 start:1 proxy:1 contest:1 connection:1 upcoming:1 annual:1 meeting:1 also:1 examination:1 shareholder:1 list:1 corporate:1 book:1 record:1 delaware:1 law:1 connecticut:1 concern:1 lease:1 teleprinter:1 display:1 unit:1 brokerage:1 office:1 airport:1 public:1 place:1 miami:1 insurance:1 executive:1 | INVESTOR BOOSTS TRANS-LUX <TLX> STAKE
Investor Albert Kahn said in a statement
that a group he heads increased its stake in Trans-Lux Corp to
8.9 pct from 8.1 pct on a fully diluted basis.
Kahn said he indicated in a filing with the Securities and
Exchange Commission that his group bought an additional 7,300
Trans-Lux common shares and 100,000 dlrs of nine pct
convertible subordinated debentures due 2005, convertible into
an additional 6,803 shares.
Kahn said he is considering seeking representation on the
Trans-Lux board and starting a proxy contest in connection with
the upcoming annual meeting.
Kahn also said he is seeking an examination of the
Trans-Lux shareholder list and corporate books and records
under Delaware law.
Trans-Lux is a Connecticut concern that leases teleprinters
and display units in brokerage offices, airports and other
public places.
Kahn is a Miami insurance executive and investor.
|
test/16371 | test/16371 |@title solitron:1 devices:1 inc:1 sod:1 4th:1 qtr:1 net:1 |@word period:1 end:1 february:1 28:1 shr:2 40:1 ct:4 vs:8 15:1 net:2 1:1 747:1 000:8 775:1 revs:2 13:2 2:2 mln:4 3:3 avg:2 shrs:2 4:3 321:1 376:1 5:2 148:1 318:1 year:3 67:2 300:1 299:1 49:1 50:1 895:1 788:1 951:1 177:1 note:1 1986:1 819:1 dlr:4 tax:4 provision:2 660:1 credit:2 1985:1 559:1 anticipated:1 income:1 settlement:1 1970:1 331:1 | SOLITRON DEVICES INC <SOD> 4TH QTR NET
Period ended February 28
Shr 40 cts vs 15 cts
Net 1,747,000 vs 775,000
Revs 13.2 mln vs 13.3 mln
Avg shrs 4,321,376 vs 5,148,318
Year
Shr 67 cts vs 67 cts
Net 3,300,000 vs 3,299,000
Revs 49.5 mln vs 50.2 mln
Avg shrs 4,895,788 vs 4,951,177
Note: 1986 year after 819,000 dlr tax provision and 660,000
dlr tax credit
1985 year after 559,000 dlr credit for anticipated income
tax settlement for 1970 and 331,000 dlr tax provision
|
test/16372 | test/16372 |@title u:2 trust:2 corp:2 first:2 qtr:2 shr:2 88:2 ct:4 vs:2 83:2 |@word | U.S. TRUST CORP FIRST QTR SHR 88 CTS VS 83 CTS
U.S. TRUST CORP FIRST QTR SHR 88 CTS VS 83 CTS
|
test/16374 | test/16374 |@title peoples:1 heritage:1 bank:1 phbk:1 1st:1 qtr:1 net:1 |@word shr:1 51:1 ct:1 vs:3 give:1 net:2 4:1 661:1 000:4 2:1 499:1 note:1 include:1 security:1 gain:1 663:1 dlrs:2 1:1 173:1 company:1 go:1 public:1 december:1 1986:1 | PEOPLES HERITAGE BANK <PHBK> 1ST QTR NET
Shr 51 cts vs not given
Net 4,661,000 vs 2,499,000
NOTE: Net includes securities gains of 663,000 dlrs vs
1,173,000 dlrs.
Company went public in December 1986.
|
test/16376 | test/16376 |@title stuart:1 hall:1 co:1 inc:1 stuh:1 1st:1 qtr:1 feb:1 28:1 net:1 |@word shr:1 11:1 ct:2 vs:4 12:2 net:1 301:1 820:1 248:1 419:1 revs:1 1:1 mln:2 10:1 2:3 avg:1 shrs:1 855:1 966:1 033:1 881:1 | STUART HALL CO INC <STUH.O> 1ST QTR FEB 28 NET
Shr 11 cts vs 12 cts
Net 301,820 vs 248,419
Revs 12.1 mln vs 10.2 mln
Avg shrs 2,855,966 vs 2,033,881
|
test/16377 | test/16377 |@title clayton:1 homes:1 inc:1 cmh:1 3rd:1 qtr:1 march:1 31:1 net:1 |@word shr:2 21:1 ct:4 vs:7 18:1 net:2 2:2 256:1 000:4 1:1 915:1 revs:2 38:1 mln:6 35:1 3:2 nine:2 mth:1 62:1 56:1 6:1 474:1 5:1 808:1 125:1 9:1 112:1 backlog:1 six:1 note:1 share:1 adjust:1 five:1 four:1 stock:1 split:1 june:1 1986:1 | CLAYTON HOMES INC <CMH> 3RD QTR MARCH 31 NET
Shr 21 cts vs 18 cts
Net 2,256,000 vs 1,915,000
Revs 38.2 mln vs 35.3 mln
Nine mths
Shr 62 cts vs 56 cts
Net 6,474,000 vs 5,808,000
Revs 125.9 mln vs 112.3 mln
Backlog nine mln vs six mln
NOTE: Share adjusted for five-for-four stock split in June
1986.
|
test/16379 | test/16379 |@title swift:1 sell:1 south:1 dakota:1 pork:1 plant:1 |@word swift:2 independent:1 packing:1 co:1 say:2 agree:1 principle:1 sell:1 huron:3 south:1 dakota:1 pork:1 plant:2 dress:1 beef:1 undisclosed:1 term:1 completion:1 propose:1 transaction:1 subject:1 ability:1 hire:1 experienced:1 work:1 force:1 competitive:1 rate:1 receive:1 government:1 approval:1 purchase:1 operation:1 | SWIFT TO SELL SOUTH DAKOTA PORK PLANT
Swift Independent Packing Co said it
agreed in principle to sell its Huron, South Dakota, pork plant
to Huron Dressed Beef, for undisclosed terms.
Completion of the proposed transaction is subject to
Huron's ability to hire an experienced work force at
competitive rates, and receive government approval of the
purchase and operation of the plant, Swift said.
|
test/16380 | test/16380 |@title u:1 trust:1 corp:1 ustc:1 1st:1 qtr:1 net:1 |@word shr:2 primary:1 88:1 ct:4 vs:5 83:1 dilute:1 84:1 78:1 net:1 8:2 869:1 000:2 176:1 avg:1 asset:1 2:3 62:1 billion:4 42:1 deposit:1 06:1 1:1 80:1 | U.S. TRUST CORP <USTC.O> 1ST QTR NET
Shr primary 88 cts vs 83 cts
Shr diluted 84 cts vs 78 cts
Net 8,869,000 vs 8,176,000
Avg Assets 2.62 billion vs 2.42 billion
Deposits 2.06 billion vs 1.80 billion
|
test/16383 | test/16383 |@title fed:1 add:1 reserve:1 via:1 customer:1 repurchase:1 |@word federal:2 reserve:4 enter:1 u:1 government:1 security:1 market:1 arrange:1 1:2 5:1 billion:2 dlrs:2 customer:2 repurchase:3 agreement:3 fed:4 spokesman:1 say:2 dealer:1 fund:1 trade:1 6:1 2:1 pct:1 begin:1 temporary:1 indirect:1 supply:2 banking:1 system:2 expect:1 directly:1 via:1 add:2 indirectly:1 two:1 believe:1 need:1 keep:1 upward:1 pressure:1 rate:1 help:1 dollar:1 | FED ADDS RESERVES VIA CUSTOMER REPURCHASES
The Federal Reserve entered the U.S.
Government securities market to arrange 1.5 billion dlrs of
customer repurchase agreements, a Fed spokesman said.
Dealers said Federal funds were trading at 6-1/2 pct when
the Fed began its temporary and indirect supply of reserves to
the banking system.
Most had expected the Fed to supply reserves directly via
System repurchase agreements or to add them indirectly through
two billion dlrs or more of customer repurchase agreements.
Some believe the Fed is adding fewer reserves than are needed
to keep upward pressure on rates and so help the dollar.
|
test/16385 | test/16385 |@title desptp:1 omc:1 dso:1 1st:1 qtr:1 net:1 |@word shr:1 54:1 ct:2 vs:4 51:1 net:1 2:2 151:1 000:4 439:1 sale:1 90:1 3:2 mln:2 96:1 8:1 avg:1 shrs:1 960:1 4:1 782:1 | DESPTP OMC <DSO> 1ST QTR NET
Shr 54 cts vs 51 cts
Net 2,151,000 vs 2,439,000
Sales 90.3 mln vs 96.8 mln
Avg shrs 3,960,000 vs 4,782,000
|
test/16386 | test/16386 |@title park:1 communications:1 inc:1 parc:1 1st:1 qtr:1 mar:1 31:1 |@word shr:1 15:1 ct:2 vs:3 14:1 net:1 2:1 028:1 000:2 1:2 879:1 revs:1 32:1 mln:2 29:1 5:1 | PARK COMMUNICATIONS INC <PARC.O> 1ST QTR MAR 31
Shr 15 cts vs 14 cts
Net 2,028,000 vs 1,879,000
Revs 32.1 mln vs 29.5 mln
|
test/16388 | test/16388 |@title federal:1 guarantee:1 corp:1 fdgc:1 1st:1 qtr:1 net:1 |@word shr:1 34:1 ct:2 vs:3 32:1 net:1 2:2 891:1 844:1 666:1 278:1 revs:1 13:1 7:2 mln:2 12:1 | FEDERAL GUARANTEE CORP <FDGC.O> 1ST QTR NET
Shr 34 cts vs 32 cts
Net 2,891,844 vs 2,666,278
Revs 13.7 mln vs 12.7 mln
|
test/16390 | test/16390 |@title angell:1 care:1 master:1 lp:1 acr:1 raise:1 quarterly:1 |@word shr:1 38:1 ct:2 vs:1 36:1 prior:1 pay:1 july:1 31:1 record:1 june:1 23:1 | ANGELL CARE MASTER LP <ACR> RAISES QUARTERLY
Shr 38 cts vs 36 cts prior
Pay July 31
Record June 23
|
test/16392 | test/16392 |@title franklin:1 michigan:1 insure:1 set:1 low:1 payout:1 |@word mthly:1 div:1 6:3 ct:2 vs:1 9:1 prior:1 pay:1 april:2 30:1 record:1 15:1 note:1 franklin:1 michigan:1 insure:1 tax:1 free:1 income:1 fund:1 | FRANKLIN MICHIGAN INSURED SETS LOWER PAYOUT
Mthly div 6.6 cts vs 6.9 cts prior
Pay April 30
Record April 15
NOTE: Franklin michigan Insured Tax-Free Income Fund.
|
test/16393 | test/16393 |@title franklin:1 high:2 yield:1 set:1 payout:1 |@word mthly:1 div:1 eight:1 ct:2 vs:1 7:1 1:1 prior:1 pay:1 april:2 30:1 record:1 15:1 note:1 franklin:1 high:1 yield:1 tax:1 free:1 income:1 fund:1 | FRANKLIN HIGH YIELD SETS HIGHER PAYOUT
Mthly div eight cts vs 7.1 cts prior
Pay April 30
Record April 15
NOTE: Franklin High Yield Tax-Free Income Fund.
|
test/16394 | test/16394 |@title franklin:1 pennsylvania:1 tax:1 free:1 initial:1 payout:1 |@word franklin:1 pennsylvania:1 tax:1 free:1 income:1 fund:1 say:1 board:1 declare:1 initial:1 monthly:1 dividend:1 six:1 ct:1 per:1 share:1 payable:1 april:2 30:1 holder:1 record:1 15:1 | FRANKLIN PENNSYLVANIA TAX-FREE IN INITIAL PAYOUT
Franklin Pennsylvania
Tax-Free Income Fund said its board declared an initial monthly
dividend of six cts per share, payable April 30 to holders of
record April 15.
|
test/16395 | test/16395 |@title general:1 partners:1 sell:1 gencorp:1 gy:1 stake:1 |@word general:2 partners:2 texas:2 partnership:2 recently:1 end:1 bid:1 take:1 gencorp:3 inc:2 tell:1 securities:1 exchange:2 commission:1 sell:2 nearly:1 remain:1 8:1 6:1 pct:1 stake:1 company:1 say:2 1:1 930:1 500:1 share:4 april:1 10:1 118:1 25:1 dlrs:1 open:1 market:1 transaction:1 new:1 york:1 stock:1 sale:1 leave:1 108:1 common:1 include:1 wagner:1 brown:1 midland:1 irvine:1 calif:1 base:1 afg:1 industries:1 last:1 week:1 drop:1 100:1 dlr:1 hostile:1 tender:1 offer:1 | GENERAL PARTNERS SELLS GENCORP <GY> STAKE
General Partners, a Texas
partnership that recently ended its bid to take over GenCorp
Inc, told the Securities and Exchange Commission it sold nearly
all of its remaining 8.6 pct stake in the company.
General Partners said it sold 1,930,500 shares of GenCorp
on April 10 at 118.25 dlrs a share in an open market
transaction on the New York Stock Exchange.
It said the sale leaves it with 108 GenCorp common shares.
The partnership, which includes Wagner and Brown of Midland
Texas and Irvine, Calif.-based AFG Industries Inc, last week
dropped its 100 dlr a share hostile tender offer.
|
test/16396 | test/16396 |@title franklin:1 pennsylvania:1 u:1 set:1 initial:1 payout:1 |@word franklin:1 pennsylvania:1 investors:1 u:1 government:1 securities:1 fund:2 say:1 board:1 declare:1 initial:1 monthly:1 dividend:1 7:1 8:1 ct:1 per:1 share:1 payable:1 april:2 30:1 holder:1 record:1 15:1 | FRANKLIN PENNSYLVANIA U.S. SETS INITIAL PAYOUT
Franklin Pennsylvania
Investors U.S. Government Securities Fund Fund said its board
declared an initial monthly dividend of 7.8 cts per share,
payable April 30 to holders of record April 15.
|
test/16398 | test/16398 |@title gaf:3 study:1 borg:1 warner:1 bor:1 plan:1 |@word corp:2 study:1 agreement:1 merrill:4 lynch:4 capital:2 partners:2 take:1 borg:4 warner:4 private:1 4:2 23:1 billion:1 dlr:1 transaction:1 gaf:3 spokesman:2 say:2 comment:1 analyst:1 speculation:1 would:1 make:1 new:1 offer:4 chicago:1 base:1 plastics:1 automobile:1 part:1 company:1 stock:2 rise:1 7:1 8:1 49:1 1:1 48:1 50:1 dlrs:2 per:2 share:3 tender:2 price:1 unit:1 co:1 89:1 pct:2 package:1 cash:1 security:1 balance:1 46:1 previously:1 hold:1 19:1 9:1 | GAF <GAF> STUDYING BORG-WARNER <BOR> PLAN
GAF Corp is studying an agreement
under which Merrill Lynch Capital Partners will take
Borg-Warner Corp private in a 4.23 billion dlr transaction, a
GAF spokesman said.
The spokesman had no further comment.
Analysts said there was speculation GAF would make a new
offer for the Chicago-based plastics and automobile parts
company. Borg-Warner's stock rose 7/8 to 49-1/4, above the
Merrill Lynch 48.50 dlrs per share tender offer price.
Merrill Lynch Capital Partners, a unit of Merrill Lynch and
Co, is tendering for 89 pct of Borg-Warner and offering a
package of cash and securities for the balance of the shares.
GAF had offered 46 dlrs per share previously. It holds 19.9
pct of Borg-Warner's stock.
|
test/16399 | test/16399 |@title national:1 westminster:1 bank:1 usa:1 1st:1 qtr:1 net:1 rise:1 |@word national:3 westminster:3 bank:4 usa:2 say:2 high:1 loan:8 core:1 deposit:1 volume:1 well:1 substantial:1 increase:2 net:3 interest:3 income:4 contribute:1 16:1 pct:1 rise:3 first:2 quarter:2 earning:2 17:1 7:2 mln:14 dlrs:9 15:1 3:1 report:1 year:3 earlier:2 gain:2 come:1 despite:1 1:1 5:2 dlr:1 reduction:1 result:1 place:1 brazilian:1 non:4 accrual:4 total:1 92:1 compare:1 91:1 1986:3 period:1 mostly:1 middle:1 market:1 business:1 896:1 offset:1 low:1 level:1 rate:1 provision:1 loss:2 13:2 8:2 0:1 march:2 31:1 allowance:1 114:1 2:1 versus:1 94:1 end:2 286:1 132:1 largely:1 119:1 brazil:1 put:1 status:1 remain:1 remainder:1 1987:1 would:1 reduce:1 4:1 9:1 wholly:1 subsidiary:1 plc:1 | NATIONAL WESTMINSTER BANK USA 1ST-QTR NET RISES
National Westminster Bank USA said
higher loans and core deposit volumes as well as a substantial
increase in net interest income contributed to a 16 pct rise in
first-quarter earnings to 17.7 mln dlrs from 15.3 mln reported
a year earlier.
The earnings gain came despite a 1.5 mln dlr reduction of
income as a result of placing Brazilian loans on non-accrual.
Net interest income totalled 92.5 mln dlrs compared with
91.7 mln dlrs in the same 1986 period as loans, mostly to
middle market businesses, increased by 896 mln dlrs. But some
of these gains were offset by low levels of interest rates.
Provision for loan losses rose to 13.8 mln dlrs from 13.0
mln a year earlier. At March 31, the allowance for loan losses
was 114.2 mln dlrs versus 94.8 mln at end of March 1986.
Non-accrual loans rose to 286 mln dlrs from 132 mln at the
end of the first quarter of 1986, largely because 119 mln dlrs
of loans to Brazil were put on non-accrual status.
The bank said that if these loans remain on non-accrual for
the remainder of the year net income for 1987 would be reduced
by about 4.9 mln dlrs.
National Westminster Bank USA is a wholly-owned subsidiary
of National Westminster Bank PLC.
|
test/16400 | test/16400 |@title laser:1 photonics:1 inc:1 lazr:1 4th:1 qtr:1 dec:1 31:1 |@word shr:2 loss:8 26:1 ct:4 vs:6 one:1 net:2 699:1 000:2 20:1 617:1 revs:2 883:1 1:3 mln:4 year:1 62:1 eight:1 7:1 185:1 003:1 3:1 6:1 4:1 5:1 | LASER PHOTONICS INC <LAZR.O> 4TH QTR DEC 31
Shr loss 26 cts vs loss one cts
Net loss 699,000 vs loss 20,617
Revs 883,000 vs 1.1 mln
Year
Shr loss 62 cts vs loss eight cts
Net loss 1.7 mln vs loss 185,003
Revs 3.6 mln vs 4.5 mln
|
test/16401 | test/16401 |@title eastern:1 utilities:1 associates:1 eua:1 payout:1 |@word qtly:1 div:1 57:1 1:3 2:2 ct:2 vs:1 54:1 prior:1 qtr:1 pay:1 may:2 15:1 record:1 | EASTERN UTILITIES ASSOCIATES <EUA> UPS PAYOUT
Qtly div 57-1/2 cts vs 54-1/2 cts prior qtr
Pay May 15
Record May 1
|
test/16402 | test/16402 |@title italy:1 buitoni:1 acquire:1 vismara:1 food:1 group:1 |@word carlo:1 de:2 benedetti:2 food:3 company:1 industrie:1 buitoni:6 perugina:1 spa:1 say:5 acquire:1 italian:2 group:2 vismara:3 statement:1 1986:2 sale:1 181:1 billion:7 lira:7 net:2 profit:2 11:1 employ:1 950:1 people:1 four:1 subsidarie:1 disclose:1 financial:1 detail:1 acquisition:2 last:2 week:1 negotiate:1 purchase:1 unidentified:1 firm:1 primarily:1 produce:1 variety:1 pork:1 product:1 represent:1 diversification:1 market:1 sector:1 annual:1 consumption:1 8:1 500:1 also:1 consolidated:2 revenue:2 first:1 quarter:1 year:2 429:1 51:1 pct:1 comparable:1 period:1 report:1 rise:2 1:2 623:1 177:1 1985:2 18:1 5:1 448:1 mln:1 | ITALY'S BUITONI ACQUIRES VISMARA FOOD GROUP
Carlo De Benedetti's food
company Industrie Buitoni Perugina Spa said it has acquired the
Italian food group Vismara.
Buitoni said in a statement that Vismara had 1986 sales of
181 billion lire and net profit of 11 billion lire, employs 950
people and has four subsidaries.
Buitoni did not disclose financial details about the
acquisition. De Benedetti said last week that his group was
negotiating a purchase of an unidentified Italian food firm.
Vismara primarily produces a variety of pork products. 'The
acquisition represents a diversification in a market sector
with annual consumption of 8,500 billion lire,' Buitoni said.
Buitoni also said its consolidated revenue during the first
quarter of this year was 429 billion lire, up 51 pct from the
comparable 1986 period.
As reported, Buitoni's consolidated revenue rose last year
to 1,623 billion lire from 1,177 billion in 1985. Net profit
rose to 18.5 billion lire from 448 mln lire in 1985.
|
test/16403 | test/16403 |@title mcgraw:1 hill:1 mhp:1 divest:1 south:1 african:1 unit:1 |@word mcgraw:2 hill:2 inc:1 say:2 sell:1 book:1 co:1 south:4 africa:3 pty:1 ltd:1 subsidiary:1 local:1 management:1 group:1 undisclosed:1 amount:1 cash:1 halt:1 sale:1 product:1 service:1 company:1 divestiture:1 follow:1 resolution:1 board:1 february:1 cite:1 increase:1 political:1 social:1 unrest:1 within:1 refusal:1 african:1 government:1 abolish:1 apartheid:1 system:1 | MCGRAW-HILL <MHP> DIVESTS SOUTH AFRICAN UNIT
McGraw-Hill Inc said it has sold its
McGraw-Hill Book Co South Africa Pty Ltd subsidiary to a local
management group for an undisclosed amount of cash and halted
the sale of all products and services to South Africa.
The company said the divestiture follows a resolution of
its board in February that cited increased political and social
unrest within South Africa and the refusal of the South African
government to abolish the apartheid system.
|
test/16404 | test/16404 |@title oak:2 ondustrie:1 buy:1 electronics:1 firm:1 |@word oak:2 industries:1 inc:2 say:3 agree:1 buy:1 stock:1 electronic:2 technologies:1 new:1 york:1 undisclosed:1 amount:1 cash:1 technology:1 manufacture:1 quartz:1 crystal:1 components:1 acquisition:1 part:1 ongoing:1 stategy:1 restructure:1 core:1 business:1 cost:1 reduction:1 program:1 purchase:1 compatible:1 company:1 | OAK ONDUSTRIES <OAK> TO BUY ELECTRONICS FIRM
Oak Industries Inc said it
agreed to buy the stock of Electronic Technologies Inc of New
York for an undisclosed amount of cash.
Electronic Technologies manufactures quartz crystal
components, Oak said.
It said the acquisition is part of its ongoing stategy to
restructure its core businesses through cost reduction programs
and the purchase of compatible companies.
|
test/16405 | test/16405 |@title peoples:1 heritage:1 bank:1 phbk:1 1st:1 qtr:1 net:1 |@word shr:1 51:1 ct:1 vs:3 give:1 net:2 4:1 661:1 000:3 2:2 499:1 note:1 include:1 security:1 gain:1 663:1 dlrs:2 1:1 mln:1 company:1 convert:1 stock:1 ownership:1 december:1 1986:1 | PEOPLES HERITAGE BANK <PHBK> 1ST QTR NET
Shr 51 cts vs not given
Net 4,661,000 vs 2,499,000
NOTE: Includes net securities gains of 663,000 dlrs vs 1.2
mln dlrs from.
Company converted to stock ownership in December 1986.
|
test/16406 | test/16406 |@title revlon:2 group:4 agree:2 merge:2 macandrew:2 forbes:2 20:2 10:2 dlrs:2 shr:2 cash:2 |@word | REVLON GROUP AGREES TO MERGE WITH MACANDREWS AND FORBES GROUP FOR 20.10 DLRS/SHR CASH
REVLON GROUP AGREES TO MERGE WITH MACANDREWS AND FORBES GROUP FOR 20.10 DLRS/SHR CASH
|
Subsets and Splits
No community queries yet
The top public SQL queries from the community will appear here once available.