fair lanes fair shareholders approve merger fair lanes inc said shareholders approved previously announced merger inc unit northern pacific corp terms merger fair lanes said shares common stock converted right receive shares btr realty inc owned fair lines reuter
city investing trust sets cash payout city investing co liquidating trust said declared cash distribution cts unit payable april unit holders record april one trust last paid stock distribution general development corp shares july reuter
computer memories cmin sets film firm merger computer memories inc ended disk drive operations june agreed acquire hemdale film corp transaction give hemdale owner control resulting company computer memories principal asset mln dlrs cash cash equivalents agreed exchange newly issued shares pct aggregate issued acquire hemdale company owner john would become chief executive officer combined company would renamed hemdale film corp computer memories said proposed transaction subject results certain corporate reviews approval shareholders hold special meeting soon company said shares outstanding held corp anticipated shares purchased dlrs share connection merger hemdale computer memories said reuter
lawson says gradual approach cuts u k interest rates
capitol bancorp net loss capitol bancorp said expects results loss one mln dlrs due reclassification loans recommended company said restatement also reflects substantial increase reserves principal subsidiary capitol bank trust co said expects earn dlrs first quarter capitol said maintain adequate capital ratio seek additional equity capital near future also said delayed annual meeting may due restatement annual earnings capitol said board raised quarterly dividend cts cts share payable april record march company originally reported earnings dlrs earned dlrs last year first quarter annual meeting scheduled second week april reuter
piedmont pie agrees usair u buyout usair group inc said piedmont aviation inc agreed acquired dlrs per share company newspaper advertisement said started tender offer piedmont shares price piedmont board two directors unanimously approved bid offer withdrawal rights expire april three unless extended bid followed merger price usair said piedmont granted option buy new shares certain circumstances piedmont mln shares outstanding usair said tender conditioned receipt enough shares give usair least pct interest piedmont fully diluted basis approval u department transportation voting trust agreement permitting usair buy hold shares pending review application gain control piedmont company said merger agreement piedmont provides offer amended without piedmont prior written consent way would adverse piedmont shareholders said could cut number shares bought without piedmont consent usair said could reduce number piedmont shares purchased offer less minimum number needed cause voting trust condition bid satisfied case said minimum number shares tendered would buy shares pro rata basis february usair offered pay dlrs per share cash pct piedmont stock usair shares remaining piedmont share last week carl c icahn controlled trans world airlines inc twa made conditional offer acquire usair dlrs per share bid rejected usair board transportation department friday rejected twa application acquire usair grounds application failed comply department regulations necessary information twa said would refile today providing information needed friday twa said already acquired four mln shares pct usair reuter
inc year loss shr loss dlr vs loss dlrs net loss vs loss revs vs reuter
ec sugar import levies following import levies white raw sugar effective tomorrow european currency units ecu per kilos white sugar denatured non denatured versus previously raw sugar denatured non denatured versus previously rate raws based pct yield reuter
usair group requests transportation department order twa divest stake
brown group inc th qtr shr cts vs cts
beneficial corp sell western national life mln dlrs
corp th qtr loss shr loss cts vs loss cts net loss vs loss revs vs year shr loss cts vs loss cts net loss vs loss revs mln vs mln note prior year figures restated reflect merger march corp reuter
conable warns protectionism might spread world bank president barber conable expressed concern trade protectionism heart new united states japan might spread throughout industrial world interview reuters conable said action united states tariffs certain electronic goods japan mean countries heading full scale trade war conable said world bank pressing developing countries open markets arguing free trading environment increased possibility global economic growth fact making adjustment loans many countries developing world encouraged opening markets want sure developed world close time said said u action japan significant retaliatory step constitute basic change trade policy interview came next week semi annual meetings bank international monetary fund referring brazil recent interest payments moratorium conable also said global debt situation serious must closely watched said bank past concentrated making loans assist basic developing world roads increasingly make assistance available economic reform bank increased loans part debt crisis found countries need new funds balance payments adjustment economic reforms aimed opening markets encouraging foreign investment reducing government role economy comfortable adjustment lending expect however never reach majority portfolio conable said made clear however adjustment lending would continue increase proportion overall bank lending time noted problem debt severe one many countries asking adjustment assistance problem debt conable former republican congressman new york chosen president reagan bank position last year associate treasury james baker launched u strategy indebted nations october included call increased adjustment lending world bank conable also said expected result major study bank organization completed next several weeks said decision seek reorganization based part fact bank come fire poorest countries enough help countries reorganization considered major initiative conable closely watched agency member countries indication management style priorities want sure institution viewed must support soundly permitted grow conable said however said believe anything basically wrong institution believe purpose said however apparent debt initiative proposed baker given bank central role dealing debt crisis conable added cooperation bank sister agency international monetary fund good talked often imf managing director michel variety issues personal level conable said feel need put personal bank noting particular mission except useful institution process development added feel great calling institution development needs sub africa conable said bank reviewing new ways region noting half recently agreed financing billion dlrs bank international development association earmarked africa leading industrial nations expected consider new forms debt relief poorest nations like sub next week meetings reuter
peoples savings bank raises quarterly qtly div cts vs cts prior pay april record april one reuter
cooper inc st qtr loss period ended january shr loss cts vs profit one ct net loss vs profit sales mln vs mln avg shrs vs note prior qtr figures include gain mln dlrs six cts per share discontinued operations reuter
steel technologies mitsui set venture steel technologies inc said agreed form joint venture mitsui co ltd make steel products venture called mi tech steel inc set serve japanese domestic automobile appliance parts makers u plant located near tenn production expected begin fall company said reuter
bicc seeks accelerated earnings growth london march bicc plc bicc l earlier announced pct rise pre tax profits said determined achieve higher levels performance quality service accelerate improvement earnings bicc said statement sales bicc cables due sharp drop demand cable oil chemical industries oil price drop profits substantially improved profits increased bicc technologies bicc international local currency terms associated british cables another excellent year company said bicc shares last quoted p p yesterday close buoyant response results ahead market expectations dealers said bicc pre tax profits rose mln stg mln turnover rising billion stg billion stg reuter
first bank fbs agrees sell another bank first bank system inc said found potential buyer first bank office minnesota bank holding company said holding co corporation controlled family late robert short buy first bank bank mln dlrs assets first bank announced plans restructure banking assets offering sell banks total offices said agreements signed offices reuter
cocoa council agrees new buffer stock rules delegates
u money supply rose billion dlrs u money supply rose billion dlrs seasonally adjusted billion dlrs february week federal reserve said previous week level revised billion dlrs billion dlrs four week moving average rose billion dlrs billion economists polled reuters said anywhere four billion dlrs billion dlrs average forecast called mln dlr rise reuter
indonesia ec vegetable oil duty indonesia european community ec plan raise import duties vegetable oils affect country palm oil exports ec trade minister said indonesia together members association south east asian nations asean ec plan increase duties vegetable oil imports told indonesian reporters much regret community plan added say form indonesian protest made indonesia major palm oil producer according central bank figures indonesia exported tonnes crude palm oil ec countries calendar tonnes first months complete figures yet available finance minister said recently increase ec duties would add new burden asean countries time trying strengthen economies face lower commodity prices reuter
systems international inc th qtr shr loss six cts vs loss cts net loss vs loss mln revs mln vs mln year shr profit cts vs loss dlr net profit vs loss mln revs mln vs mln reuter
technologies inc st qtr jan loss shr loss one ct vs loss one ct net loss vs loss revs vs reuter
group pct atlantic research group led halcyon investments new york securities risk arbitrage partnership said acquired shares atlantic research corp pct total outstanding common stock filing securities exchange commission halcyon group said bought stake mln dlrs specific purpose group said plans seek control atlantic research sought clabir corp clg said may buy stock sell reuter
commercial national corp cuts quarterly commercial national corp said cut quarterly dividend cts per share cts due current expectations earnings company said dividend payable april holders record march reuter
china signs world bank loan port china signed mln dlr loan agreement world bank partly finance new annual capacity mln tonnes mln tonne year capacity port new china news agency said china provide mln yuan project chinese company bid firms seven countries foundation work said said new able handle ships tonnes three handle containers expansion enable port handle coke non metal mineral ores mining equipment first time reuter
volvo result slightly ab volvo st said weakening dollar caused drop profits company chief executive said one volvo best years ever final report released earlier company said group profits allocations taxes billion crowns compared billion despite fall said sales industrial products never higher volvo cars volvo trucks completely sold year end operating income slightly higher year earlier said company financial strength gave exceptional opportunities invest future although industrial sales company yearend report said total sales billion crowns billion reuter
technologies nd qtr feb net shr profit one ct vs loss four cts net profit vs loss rev vs six months shr profit three cts vs loss eight cts net profit vs loss rev mln vs mln note company full name technologies inc reuter
corp th qtr net oper shr cts vs cts oper net vs revs vs year oper shr dlrs vs cts oper net vs revs mln vs mln net excludes tax credit dlrs vs reversal credit dlrs quarter credits dlrs vs dlrs year reuter
lilco revises net include loss long island lighting co said revised preliminary net income include mln dlrs tax provision investment nuclear units due provision said revised net income mln dlrs dlrs per share deducting preferred stock dividend requirements paid either earlier reported income mln dlrs dlrs per share lilco also said board authorized contracts corporate officers calling payment one year salary continuation insurance retirement benefits company changes hands officers lose jobs lilco said none contracts result additional costs customers lilco said downward revision earnings reserve established reflect settlement agreement staff new york state public service commission utility spending nuclear power station planned never built n company declined detail settlement explaining settlement approved commission lilco seeking include costs totaling mln dlrs abandoned nuclear power plant project rate base spokeswoman said reuter
american software sets stock split american software inc said board declared three two stock split class class b common shares payable march record march company said expects increase dividend pct six cts per share post split eight cts pre split reuter
harper international inc rd qtr net qtr ended jan shr cts vs cts net vs revs vs avg shrs vs nine mths shr cts vs cts net vs revs mln vs mln avg shrs vs reuter
properties inc increases dividend qtly div cts vs cts prior payable april record april reuter
resources ltd year net oper shr nine cts vs three cts oper shr diluted eight cts vs three cts oper net mln vs five mln revs mln vs mln note oper net excludes extraordinary income seven mln dlrs vs four mln tax loss carryforward offset writedowns three mln dlrs vs eight mln u oil gas properties assets reuter
fidelity national financial inc st qtr jan end shr profit cts vs loss given net profit vs loss revs mln vs mln avg shrs vs reuter
grow group inc sets quarterly qtly div cts vs cts prior pay april record april reuter
continental general sets stock dividend continental general insurance co said board directors declared pct stock dividend common shares payable april one shareholders record march company yesterday paid quarterly cash dividend cts share unchanged previous quarter shareholders record february reuter
industries inc th qtr net shr five cts vs cts net vs sales vs year shr cts vs dlrs net vs sales mln vs mln reuter
corp st qtr feb one loss shr loss nine cts vs profit two cts net loss vs profit revs vs reuter
sullivan mines inc year loss oper shr loss cts vs profit four cts oper loss vs profit revs mln vs mln note shr net exclude extraordinary gain dlrs four cts share shr net exclude extraordinary gain dlrs two cts share reuter
dome petroleum ltd dmp year loss shr loss dlrs vs loss two cts net loss billion vs profit mln revs billion vs billion note shr net include writedowns totalling billion dlrs reduction deferred income taxes mln dlrs net also includes mln dlrs accumulated foreign exchange losses canadian funds note continued shr preferred dividends reuter
italian consumer prices rise pct march italy consumer price index rose pct march compared february increase february january national statistics institute istat said year year rise march pct unchanged february compared pct march istat said consumer price index families workers employees base year equals registered march compared february year march reuter
avalon inc rd qtr jan loss shr loss cts vs profit four cts net loss vs profit rev mln vs mln nine months shr loss cts vs profit cts net loss vs profit rev mln vs mln note per share information adjusted three two stock split january reuter
miyazawa says paris accord helping stabilise rates finance minister kiichi miyazawa said paris currency accord contributed stability exchange rates miyazawa told press conference agreement reached last month paris six major industrial nations cooperate bringing currency stability prevented speculative concerns active money centres decision paris understood market said yen dollar exchange rate moving narrow range since finance ministers britain canada france japan u west germany reached accord reuter
first wisconsin buy minnesota bank first wisconsin corp said plans acquire bancshares inc mln dlrs cash first acquisition minnesota based bank first wisconsin said holding company two banks total assets mln dlrs first wisconsin assets yearend billion dlrs said purchase price times earnings bank said two banks total five offices minneapolis st paul area reuter
video shareholder proposes possible sale liquidation company
laidlaw transportation ltd nd qtr net period ended february shr cts vs cts net mln vs mln revs mln vs mln six mths shr cts vs cts net mln vs mln revs mln vs mln avg shrs vs reuter
investment firm pct cyclops cyl halcyon investments new york risk arbitrage securities dealing partnership told securities exchange commission acquired shares cyclops corp pct total outstanding halcyon said bought stake mln dlrs part ordinary risk arbitrage securities trading business firm said specific purpose purchases halcyon said might buy stock sell current stake said bought bulk stake feb march reuter
inland industries inc st qtr net qtr ends jan shr six cts vs eight cts net dlrs vs dlrs revs vs reuter
porsche expects improvement u sales sports dr ing h c f porsche ag f said expects post satisfactory profit domestic volume sales seen lower u sales anticipated higher managing board chairman peter said domestic sales expected fall year ending july u sales rise last year made specific profit sales forecasts last month company said expected net profit fall mln marks year mln marks sales porsche expects overall world volume year sales last year stood said expectations satisfactory profit based combination price rises cost cutting added expected drop west german sales year would result called grey market porsche cars said dollar strong mark many bought locally west germany illegal export u porsche previously said domestic sales first half fell period fact u sales account larger percentage overall sales year pose problems profit porsche board said last months raised u prices around pct without suffering decline sales time porsche dollar denominated business business year finance director heinz put porsche hedging costs mln marks speech annual meeting said third party orders placed porsche engineering research centre rising top mln marks year first time porsche net profit dropped sharply mln marks mln marks reuter
american realty sets record date offer american realty trust said board set april record date previously announced rights offering rights issued april expire may shareholders able subscribe shares share held price dlrs per share reuter
latin coffee producers seek ico price support weekend meeting latin american coffee producers call international coffee organisation ico start talks aimed firming prices nicaraguan foreign trade minister martinez cuenca said said countries confirmed presence brazil mexico guatemala el salvador costa rica panama colombia invited know would attend martinez cuenca told reporters central america alone lost mln dlrs weakness world coffee prices partially caused lack ico quota agreement reuter
petro canada cut crude prices canadian dlrs bbl effective march one
american barrick sells ohio assets american barrick resources corp said sold two coal supply agreements substantially assets two coal mines ohio peabody coal co henderson kentucky undisclosed price company said proceeds sale together sale remaining coal assets allow fully recover investment operations said transactions complete previously announced plan sell non gold assets reuter
bell resources boosts stake bhp bell resources ltd said executed underwriting agreement equiticorp ltd acquire mln ordinary shares broken hill pty co ltd brkn mln dlrs bell said statement holds pct bhp billion shares reuter
usda conduct survey influenza u agriculture department animal health officials conducting national survey live bird markets auctions check signs influenza disease poultry department said survey poultry dealers live bird markets sell live directly consumer dealers markets identified tests determine past present exposure influenza said influenza pennsylvania maryland virginia new jersey cost taxpayers mln dlrs control required mln said survey expected completed april reuter
video display sell cable tv unit video display said reached agreement sell existing cable television business undisclosed terms expects report gain transaction buyer named company said service assets manufacturing distribution said operations sold accounted five pct revenues year ended february lost money reuter
b f saul real estate investment payout qtly div five cts vs five cts prior pay april record april note b f saul real estate investment trust reuter
dome pete dmp takes billion dlr writedown dome petroleum ltd earlier reporting billion dlr loss compared year earlier profit mln dlrs said loss mainly due write downs totalling billion dlrs reduction deferred income taxes mln dlrs loss also includes mln dlrs accumulated foreign exchange losses company said dramatic drop energy prices early much progress company made two previous years dome chairman j howard said statement even net loss magnitude little bearing day day operations dome chairman said merely reflects realistic carrying value company assets today economic environment absolute need reaching timely agreement lenders debt restructuring plan assure company continued existence added dome trying reach agreement complex plan restructuring debt billion dlrs dome said charged mln dlrs accumulated foreign exchange losses current expenses uncertainty arising proposed restructuring plan normally expenses would remaining period loans apply said dome also said write downs included fourth quarter reduction value oil gas properties billion dlrs reduction deferred income taxes mln dlrs fourth quarter writedown addition charge mln dlrs certain assets taken mainly third quarter dome said billion dlr fourth quarter charge resulted year end accounting change made new full cost accounting guidelines canadian institute chartered accountants company said previously determined write conventional oil gas properties required september previous method calculating limitation oil gas values dome said significant accounting change new guidelines using current oil gas prices calculations instead escalating price forecasts terms dome proposed debt restructuring plan preclude company making accurate estimate future financing costs used new accounting calculations said result dome adopted current prices costs pct discount factor calculations substantially conform accounting rules u securities exchange commission company said dome said operating income crude oil natural gas segments fell billion dlrs loss billion dlrs prior year earnings mln dlrs dome said steep drop crude oil natural gas operating income due write downs totalling billion dlrs lower energy prices sharply reduced revenue reduced production natural gas lower utilization dome offshore drilling fleet sea also contributed decline said earnings natural gas liquids business fell pct mln dlrs mln dlrs cash operations dropped mln dlrs year ago mln dlrs cash balance declined mln dlrs mln dlrs dome said crude oil production maintained prior year levels new drilling activity improvements productivity natural gas production fell nine pct result lower domestic export sales said oil field natural gas liquids production totalled barrels day compared bpd prior year natural gas production fell mln cubic feet day day reuter
belgian bank said see slower growth internal report produced belgian national bank foresees country gross national product growth falling pct pct independent newspaper le said national bank spokesman said newspaper article basically correct report produced six weeks ago figures therefore extent date government planning bureau predicted growth pct year study published last month reuter
hawker siddeley canada inc year net shr dlrs vs dlrs net vs mln sales mln vs mln note pct owned hawker siddeley group plc reuter
recent sugar fall sparks soviet chinese buying recent fall world sugar prices due increased producer pricing sales evidence export availability encouraged renewed buying interest china soviet union london trade house e f man said purchases expected peoples republic china lower end recent price range limit movement said latest monthly market report believed soviet union need return market take tonnes may june shipment man added soviets purchased five cargoes raws april may shipment towards end last month brings total purchases around mln tonnes man said production estimates thai crop exceed mln tonnes final appears set reach around mln tonnes however upturn thai crop reduction china production forecast mln tonnes mln estimated earlier market participation cuba suggests crop could close last year mln tonnes even similar production man expects cuban exports significantly cuba reported carrying mln tonnes stocks september tonnes used boost exports mln able draw surplus stocks year man estimates cuba export reduced mln tonnes however cuba one large number exporters reduced availability man said since total free market export supply fallen mln mln tonnes time free market demand also fallen almost amount left exporters falling import requirements fairly tight balance appears emerged difficult task keeping production advances bay still remains least one season production deficit needed eliminate remaining surplus stocks still overhanging market man said increasing cases record production result record yields better forced sugar producers greater efficiency increase efficiency reduces marginal cost production sugar exporters may become responsive prices particular upward price movements man said commenting current row ec commission sugar producers man said despite recent improvement level still insufficient fully compensate producers exporting world market unless improvements least sugar expected remain intervention added reuter
sugar offered dutch intervention refused tonnes sugar offered intervention netherlands refused intervention board wrong packaging spokeswoman ministry agriculture said said sugar could offered intervention ec producers threatened sell tonnes sugar intervention stocks protest ec export licensing policies last month dutch traders said sugar offer netherlands belgian ministry could confirm reuter
convertible securities sets dividend convertible securities fund inc said board declared initial quarterly dividend three cents per share payable april shareholders record april said anticipates paying regular quarterly dividend company made initial public stock offering march five reuter
corp declares qtly dividend qtly div cts vs cts prior pay april record april reuter
cyprus lowers copper price one ct cts cyprus minerals company said decreasing electrolytic copper cathode price one cent cents pound effective immediately reuter
heck inc hex th qtr jan three net shr losses given net loss vs loss sales mln vs mln year shr losses given net loss mln vs loss sales mln vs mln note company operating chapter bankruptcy year net includes four mln dlr lifo charge dlr credit pension plan termination reuter
peru consumer prices rise pct march peru price index rose pct last month base following pct increase february pct rise march national statistics institute said said accumulated inflation first three months pct compared pct period last year inflation month period ending march pct compared pct month period ending march reuter
german pct growth average seen economy grow average rate pct year real terms end westdeutsche landesbank girozentrale westlb said annual report year ago westlb forecast average growth three pct report said gross national product would expand real pct year previous expectations weaker exports growth rates pick later however producing pct increase average five year period
ideal school supply corp th qtr net oper shr cts vs eight cts oper net vs sales vs avg shrs vs three mln year oper shr cts vs cts oper net vs sales mln vs mln avg shrs vs three mln note net periods includes dlr tax credit reuter
standard pacific acquires south bay l standard pacific lp said acquired substantially assets liabilities south bay savings loan association newport beach firm said weekend conduct savings loan activities standard pacific savings federal stock association friday federal home loan bank board washington said approved acquisition south bay l mln dlr state chartered stock association standard pacific mln dlrs assets bank board said federal savings loan insurance corp make cash contribution provide capital loss coverage standard pacific undisclosed liabilities reuter
corp th qtr dec loss shr loss cts vs loss cts net loss vs revs vs year shr loss cts vs loss nine cts net loss vs loss revs mln vs mln reuter
investor boosts first western stake erik moller santa calif investor said raised stake first western financial corp shares pct total outstanding common stock shares pct filing securities exchange commission moller said bought first western common shares january march prices ranging dlrs share moller said bought stock long term investment may buy plans seek control company reuter
inc increases div qtly div cts vs nine cts payable june one record may reuter
cts cts increases loss cts corp said increased loss continuing operations mln dlrs previously announced mln dlrs loss figure increased include expenses involved settlement dispute dynamics corp america settlement involved takeover bid cts dynamics corp offered buy shares cts already cts made profit mln dlrs continuing operations cts said charged additional mln dlrs special expenses operations result dynamics corp settlement additional expenses include obligation dynamics corp subject approval cts shareholders total mln dlrs dynamics corp expenses costs relating cts reuter
south korea plans pct budget rise south korea plans increase size budget pct year billion economic planning board officials said proposed boost based government forecast gross national product gnp grow pct gnp deflator pct targets pct pct respectively year said details budget spending match revenue yet worked officials said balanced budget totalled billion reuter
make acquisition inc said signed letter intent acquire trucking co inc mln dlrs completion expected days year ended september revenues mln dlrs hazardous waste sand reuter
sceptre resources ltd year net shr seven cts vs two cts net vs revs mln vs mln note shr preferred divs reuter
data inc st qtr feb net shr cts vs cts net vs revs vs reuter
kiena gold mines ltd th qtr net shr cts vs cts net vs revs vs year shr dlrs vs cts net vs revs mln vs mln reuter
electro audio dynamics inc nd qtr jan shr profit cts vs loss cts net profit vs loss mln revs mln vs mln six months shr profit seven cts vs loss cts net profit vs loss mln revs mln vs mln note nd qtr six months includes loss dlrs dlrs respectively discontinued operations exclude operations action drug co inc acquired company pct owned subsidiary august net includes gain mln dlrs sale building extraordinary gain dlrs tax loss carryforward share earnings periods reflect preferred stock dividends reuter
rainbow says brierley progressive merger rainbow corp ltd said brierley investments ltd bil trying disrupt rainbow planned merger progressive enterprises ltd rainbow chairman allan hawkins said statement opinion bil deliberately tried create market prices rainbow progressive shares since merger announced merger announced february involves formation new company astral pacific corp ltd rainbow progressive shareholders enter one one share basis boards approved merger bil said bidder behind recent stand market three mln progressive shares simply regard progressive enterprises shares worth approximately twice much rainbow shares think merger proposed soundly based bil chief executive paul collins said interview weekly national business review newspaper published today collins immediately available respond directly hawkins statement hawkins said merger assessed independent consultants declared fair respects benefits shareholders going stand parties picture strategic purposes market away real benefits merger said opinion bil actions clearly designed long term interests either progressive rainbow shareholders hawkins said reuter
belgian says ec would react textile bill belgian foreign trade minister herman de croo said congress passed legislation curbing world textile imports way european community ec could react retaliate de croo said news conference limit textile imports textiles europe said would trigger ec taxes u goods congress passed textile bill two years ago vetoed president reagan grounds curbing imports protect domestic textile industry would trigger retaliation u trading partners similar bill year congress bigger democratic majority president weakened iran scandal de croo talks administration officials congressmen said textile bill passed way could react would retaliation would cause retaliation good way deal problems said textile bill enacted impose taxes lot american products said would avoid said congressmen seem japan massive trade united states ec nations ec nations hurt diverted shipments asian textiles de croo also criticized way u officials try solve ec trade issues saying time come contact conflict contact coming west said crisis atmosphere officials cross atlantic way work serious way two big powers de croo said reuter
science dynamics corp year net shr cts vs cts net vs revs vs reuter
brazil trade surplus rises february trade surplus doubled february mln dlrs january mln mln february official figures show director banco brasil foreign trade department cacex fendt told reporters upturn february confirmed rising trend exports totalled billion dlrs billion january excluding coffee oil slightly month last year coffee earnings mln dlrs mln february lower prices added fendt said although february results lower average expected rest year government target eight billion dlr surplus achieved would compare surplus billion dlrs exports year expected total billion dlrs imports billion added exports totalled billion dlrs imports billion fendt said rise imports february billion dlrs billion february last year line government plans foster economic growth fendt said imports running levels well traditional average brazil first two months year imports excluding oil wheat totalled billion dlrs billion period rise import demand reflected needs brazilian industry raise production perfectly compatible government program economic growth fendt added reuter
davis water declares stock dividend davis water waste industries inc said board declared pct stock dividend payable march holders record march reuter
first american bank trust year net shr cts vs dlrs net vs mln avg shrs vs note share adjusted pct stock dividend may net includes loan loss provisions mln dlrs vs dlrs reuter
fed says sets two billion dlrs customer repurchase agreements
saudi arabia commitment opec accord saudi arabian oil minister hisham nazer reiterated kingdom commitment last december opec accord boost world oil prices stabilize market official saudi press agency spa said asked agency recent fall free market oil prices nazer said saudi arabia fully adhering accord never sell oil prices pronounced prices saudi arabia main architect december pact opec agreed cut total oil output ceiling pct return fixed prices around dollars barrel reuter
study group urges increased u oil reserves study group said united states increase strategic petroleum reserve one mln barrels one way deal present future impact low oil prices domestic oil industry u policy raise strategic reserve mln barrels present mln help protect economy overseas sharp price rise institute studies private group also called new research oil exploration development techniques predicted prices would remain dlrs barrel several years rise mid imports pct u consumption study cited two basic policy nation protect u industry import fee device accept full economic benefits cheap oil group strongly back either option saying benefits said instead moves increasing oil reserves exploration development research would help guard risks increased imports reuter
volcker sees evidence u trade deterioration yet reversed
south korea keep trade surplus years south korean trade minister rha woong bae said nation would maintain trading surplus three five years way cut foreign debt said interview reuter years likely south korea would drop barriers foreign goods move toward balanced trade position said present trade surplus vital nation reduce billion dlr foreign debt rha said first year south korea trade surplus billion dlrs deficit mln dlrs rha made remarks end two week trade mission team led agreed buy u products valued billion dlrs mln dlrs purchases goods type south korea normally bought japan rha leaves today ottawa trade talks canadian officials businessmen asked south korea would retaliate u goods congress closed u markets products said moment thought retaliation south korea major exporter u textiles apparel electronic goods television sets video records personal computers purchases united states include electronic testing equipment grains cotton reuter
transco energy co e sets quarterly qtly div cts vs cts prior pay june one record may eight reuter
weyerhaeuser said sees significant increases earnings
alabama investor ups penobscot shoe stake donaldson lee investor alabama said raised stake penobscot shoe co shares pct total outstanding common stock shares pct filing securities exchange commission lee said bought penobscot common shares feb march prices ranging dlrs share lee said bought penobscot stock investment purposes plans seek control company although may buy stock reuter
dixie stores inc win sets monthly payout mthly div cts vs cts prior pay april may june record april may june reuter
outokumpu close nickel refinery summer finnish metal mining group outokumpu oy said close nickel refinery central finland six weeks july august year due current low prices nickel market consider nickel prices bad moment although rising slightly since january refinery sales manager said said closure mean drop production tonnes last year output tonnes closure also move cut labour costs extra staff employed keep plant open reuter
securities inc sets payout qtrly div cts vs cts prior pay april record march note company said prior qtr includes end year additional four cts dividend reuter
wichita industries inc th qtr net shr profit cts vs profit eight cts net profit vs profit revs vs year shr loss dlrs vs loss cts net loss vs loss revs vs note results include credits latest qtr yr vs prior periods tax loss carryforwards results include tax gains periods vs loss prior periods disposal discontinued operations prior periods restated reflect sale discontinued operations reuter
welbilt corp th qtr net shr cts vs cts net vs revs mln vs mln avg shrs vs year shr dlrs vs dlrs net mln vs revs mln vs mln avg shrs vs reuter
paperboard plans bid acquire paperboard industries corp said planned make unconditional dlr share cash offer inc mln common mln non voting shares paperboard said enterprises ltd owned morris agreed tender pct common shares added case competing offer dlrs right match match offer could accept competing bid two companies manufacture fibre combined revenues mln dlrs reuter
utilicorp ucu sees higher first quarter utilicorp united corp said expects report first quarter earnings mln dlrs dlrs share revenues mln dlrs comparable quarter year ago utilicorp earned mln dlrs cts revenues mln dlrs mln shares outstanding year mln shares utilicorp president richard green told financial analysts first quarter results include one month contribution west virginia power became division march green said remarks prepared delivery analysts higher earnings period reflected reduced operating expenses mln dlrs rate increases iowa minnesota kansas colorado said however utilicorp missouri public service division effect pct rate reduction authorized september noted utilicorp total revenues expected first quarter mln dlrs derived electric operations mln dlrs come gas operations said operating income derived electric operations first three months estimated eight mln dlrs contribution gas operations mln dlrs green said green told analysts utilicorp received regulatory approval various states federal energy regulatory commission delaware effective april one utilicorp signed agreement cominco ltd vancouver extend deadline may completion company purchase west power light british columbia due longer expected regulatory approval process said hearings completed february decision british columbia utilities commission mln dlrs purchase utilicorp pending said reuter
group boosts scandinavia fund stake shareholder group led swedish investment firm norwegian investor said raised stake scandinavia fund inc shares pct total shares pct filing securities exchange commission group includes ab firm investor erik martin vik said bought additional shares feb march reuter
industries inc sets dividend qtly div cts vs cts prior pay april record march reuter
ny traders expect china step sugar buying trade house sources said china expected step sugar purchases following yesterday steep drop world sugar prices consensus chinese buy tonnes raw sugar china short foreign exchange drop prices usually taken buying opportunity peking one trader said yesterday prices new york world sugar market cent heavy liquidation speculators market lack power speculation china need sugar may july period reuter
transamerica sells occidental life australia equity investment company battery group ltd said agreed buy occidental life insurance co australia ltd transamerica corp ta u mln australian dlrs acquisition made possible efforts major shareholder pratt co financial services pty ltd battery group said statement purchase partly funded issue eight mln shares dlrs four mln free options pratt group controlled pratt plus four mln shares professional investors said balance funded debt battery group said acquisition subject approval shareholders completion share placements pratt group effectively pct battery enlarged capital assuming exercise options said battery mln shares issue battery said occidental life major underwriter individual term life insurance recent fast growing individual account market mln dlrs funds management reuter
mees says second week march opec output mln bpd opec produced mln bpd oil second week march mln bpd ceiling largely pipeline problems turkey ecuador middle east economic survey mees estimated landslide breached iraq one mln bpd pipeline turkey march week ecuador shut export pipeline four five months ecuador opec quota bpd mees put saudi arabian output mln bpd first week march mln bpd second addition output neutral zone saudi arabia kuwait mees said saudi arabia pumping bpd total production floating storage saudi oil minister hisham nazer told reuters television news agency visnews yesterday saudi output including neutral zone production around three mln bpd cyprus based newsletter also said oil sources said libya producing bpd compared bpd quota actual liftings much lower said one major equity producer partially stopped lifting bpd equity march libya insisting official prices still lifting bpd debt crude official prices bpd purchase crude said small equity producers bpd also told could lift official prices mees said iraq sent telex opec member countries calling formation committee study said marketing potential among various members newsletter said iraqi letter indicated difficulty selling crude official prices iraqi telex pointed member countries export substantial volumes oil subject opec price regulations exports refined products equity crude margins equivalent discounts forms marketed package deals crude oil reuter
american educational corp th qtr shr two cts vs cts net vs revs mln vs mln year shr cts vs cts net vs revs mln vs mln note net periods includes gain dlrs debt quarter net includes reversal dlrs investment tax credits reuter
little prince productions ltd st qtr loss qtr ended dec shr profit nil vs loss nil net profit vs loss revs vs reuter
technologies inc nd qtr net ended feb shr profit one ct vs loss four cts net profit vs loss revs vs six mths shr profit three cts vs loss eight cts net profit vs loss revs vs reuter
industries inc regular payout qtly div class two cts vs two cts prior qtly div class b one ct vs one ct prior pay april record april reuter
sees good earnings southern new england telecommunications corp said expects good earnings dlrs per share mln dlrs company also said expects capital spending rise mln dlrs mln dlrs year ago however senior vice president finance daniel told meeting analysts uncertainty earnings outlook currently involved negotiations state regulators rate return equity currently stands pct company also said expects systems business composed non regulated businesses profitable end year reuter
u business loans rise mln dlrs march week fed says
delors quoted franco german bid cgct european commission president jacques delors quoted le newspaper said favoured franco german candidate take cie generale de constructions telephoniques pct stake french public telephone switching market wish european solution enable germany france move closer together currently necessary quoted saying given ec european community importance future cooperation already undertaken community level seems best choice delors added five groups including alliance west germany siemens ag sieg f france schneider pa subsidiary jeumont schneider applied buy france second largest telephone switching firm french privatisation law foreign companies restricted pct stake privatised companies reuter
food mart inc th qtr net period ended dec shr cts vs cts net vs revs vs year shr cts vs cts net vs revs vs note period ended december share results adjusted five four stock split april pct stock dividend issued dec reuter
brazil seamen strike ends brazilian seamen strike began february weeks ended seamen spokesman said spokesman said seamen signed agreement state owned lloyd company saturday pct salary rise national strike since mid march seamen struck individual accords companies stoppage seamen said ships strike bound reuter
invacare corp th qtr net shr profit cts vs profit cts net profit dlrs vs profit dlrs rev mln dlrs vs mln dlrs mths shr profit cts vs loss cts net profit dlrs vs loss dlrs revs mln dlrs vs mln dlrs reuter
cra ltd net profit mln dlrs vs mln
gabelli group cuts gencorp gy stake pct group led new york investor mario gabelli told securities exchange commission cut stake gencorp inc shares pct total shares pct gabelli group said sold gencorp common shares march prices ranging dlrs share reuter
panama canal official confirms toll rise panama canal toll charges rise year end september despite last october landslide mln cubic yards waterway canal commission administrator dennis said told press conference confirming commission earlier announcement unchanged necessarily implying would rise canal would probably make five six mln dlr loss current financial year could carried met next year revenues year deficit resulted landslide cost canal mln dlrs said included eight nine mln dlrs immediate costs rest spent earth moving operations prevent said landslide caused described grossly exaggerated reports threat canal water supply foreseeable future studies concerning possibility widening cut would affected landslide said adding expected canal board determine whether canal needed widening january latest reuter
first connecticut sets quarterly payout qtly div cts vs cts prior pay april record april three note first connecticut small business investment co reuter
federal signal corp regular dividend qtly div cts vs cts previously pay june two record may reuter
valley federal splits stock two one valley federal savings loan association said board declared two one stock split common stock split effected form pct stock dividend issued april stockholders record march reuter
sumita says bank japan intervene necessary
urges retaliation japan william president international union electronic workers called president reagan retaliate japan unfair practices semiconductor trade said statement crash program needed semiconductor industry prevent united states becoming one world industrial remarks came white house economic policy council prepared thursday meeting decide sanctions taken japan alleged violations u japanese semiconductors agreement pact agreed last july called tokyo end selling semiconductors cost open home market u goods return washington agreed duties japanese semiconductors u officials said japan stopped dumping u market ended third country dumping opened market u semiconductors japan yesterday effort ward u action ordered cutback semiconductors production way force prices end dumping statement said backed defense science board task force proposal set consortium develop new electronic products manufacturing processes make u competitive added industry could wait legislation pass action required help depressed electronic industry said urge reagan administration take full severe action immediately japan retaliatory steps permitted u law gatt general agreement tariffs trade reuter
u corp sure th qtr net oper shr cts vs cts oper net mln vs mln year oper shr cts vs four cts oper net mln vs note excludes gain one ct per share vs loss two cts quarter gain cts per share vs gain six cts year investments also excludes extraordinary gain one ct per share fourth quarter gain one ct per share vs one ct full year period reuter
inc rd qtr feb net shr cts vs cts net vs mln revs mln vs mln nine mths shr cts vs dlrs net mln vs mln revs mln vs mln reuter
hoechst raises profits lower sales hoechst ag f said statement increased pretax profits despite fall turnover due lower foreign sales lower sales due fall dollar currencies mark factors pressure selling prices sharp fall prices crude oil petrochemical raw materials sale business u netherlands world group pretax profit rose billion marks billion sales falling billion billion within group turnover foreign sales fell billion marks billion drop pct statement made mention net profit figures hoechst announce dividend proposal april first quarter year sales hit cold weather start year dollar continues present low levels sales previous year although volume terms unchanged hoechst said sales fibres information technology rose plant construction sales fell hoechst attributed good results performance parent company units west germany american hoechst corp improved earnings u largely reflected restructuring activities pa domestic non consolidated partners perform well hoechst attributed pct rise parent company pretax profits billion marks rise earnings interest holdings companies fall extraordinary costs fall raw material prices enough compensate decline turnover due lower prices currencies hoechst said bulk billion marks investment new projects mln marks went capital increase hoechst capital corp connection acquisition celanese corp celanese merged american hoechst february form hoechst celanese corp reuter
u commercial paper rises mln dlrs march week fed says
u k longer indicator rises february u k longer leading indicator rose february pct january pct rise figures central statistical office show indicator base shows trends economy months ahead put february compared january february shorter leading indicator trends six months ahead put january latest month data available december compared january indicator designed signal current turning points economy put january december january lagging index cso says shows turning point economy year happens january december year earlier office said leading indicators still show consistent picture likely future developments business cycle britain said strong rise longer leading index december february due mainly rises share prices reuter
resource corp details gold assays resource corp said recent drilling deposit extended high grade width feet assays ranged ounces gold per ton foot interval depth feet ounces gold per ton foot interval depth feet reuter
noranda sets temporary mine shutdown noranda inc said production remain shut fire damaged copper mine completely examine mine fire started wednesday burned late yesterday killed one miner trapped others underground hours eventually brought mine company spokesman dale coffin said investigation could take days several weeks would specific noranda said resumes production plans operate mine one third normal metric tons annual finished capacity fire weakened part mine support structure coffin said noranda said decides keep mine open would take four five months could resume full production reuter
pac sees earnings growth pacific telesis group chairman donald guinn told meeting security analysts company sees continued earnings growth billion dlrs dlrs per share earned guinn also said capital spending stood billion dlrs company expected figure remain flat year noted spending financed guinn also told analysts company faced regulatory uncertainties ongoing rate cases pacific bell operating company rates hearings california public utility commission guinn said company faced potential mln dlr revenue reduction due ongoing discussions commission said figure might even greater company also faces opposition mln dlr rate hike requested guinn said commission found mln dlrs hike based calculations assumptions mln dlrs might represented modernization costs guinn also said company still studying whether join international consortium plans lay telephone cable u japan agreed anything guinn said added would soon feasibility study venture company would make decision soon participating asked analyst recent recommendation u department justice would allow bell operating companies offer limited long distance services guinn said company would likely away type expansion long distance services competitive business commodity business becoming said sure would interested getting back business however guinn generally u recommendations saying would give bell operating companies expand non regulated businesses provide flexibility form strategic companies added company welcomes expansion new areas currently involved talks anything actively consideration said reuter
hungary devalue forint western units hungary devalue forint average eight pct western currencies official news agency mti said mti say devaluation would become effective expected new rates announced later today hungary devalued forint similar amount last september western bankers say forint valued currencies hungary comecon allies reuter
biotech research laboratories inc th qtr shr profit one ct vs loss seven cts net profit vs loss revs vs year shr loss seven cts vs loss cts net loss vs loss revs vs shr vs reuter
mobile data international inc year net oper shr cts vs cts oper shr diluted cts vs cts oper net vs revs mln vs mln note current oper net excludes writedown dlrs seven cts share unidentified investment reuter
foreign firms hope join japan telecom company one two rival firms seeking enter japan international telecommunications market said offer stake company foreign firms president international telecom japan inc itj decline specify share firms would take told reuters would participate management itj international digital communications planning inc idc cable wireless plc cawl l pacific telesis group pac n pct stakes set merge new entity compete kokusai denshin denwa co ltd kdd ministry posts telecommunications urged two rival firms merge kdd would single competitor ministry also rejected foreign management japan law limits foreign ownership new international telecommunications pct c w pacific stakes could three pct merged firm sources said seeking join general electric co ge n ford motor co f n citibank na bankamerica corp bac nyse shearson lehman bros inc brothers asia boeing computer service unisys corp uis n societe generale deutsche bank ag dbkg merger plan criticised excluding foreign firms meaningful position market u k prime minister margaret thatcher u secretary state george shultz u commerce secretary malcolm baldrige u trade representative clayton yeutter expressed opposition japanese prime minister yasuhiro nakasone draft reply criticism following discussion posts ministry official said reuter
cos inc low th qtr jan net shr cts vs cts net vs mln sales mln vs mln avg shrs mln vs mln year shr dlrs vs dlrs net mln vs mln sales billion vs billion avg shrs mln vs mln note current year net periods includes charge dlrs seven cts shr early note retirement charge seven cts shr reversal tax credits current year net periods includes gain six cts shr manufacturers litigation settlement reuter
jones vining said vulcan corp offers five dlrs share jones
federal reserve weekly report feb one week ended feb daily avgs mlns foreign deposits gold stock unch holdings federal funds rate avg vs factors wednesday feb bank borrowings vs including extended credits vs matched sales vs including sales w vs float vs reuter
industries sets stock split industries inc said board declared four three stock split payable record april company also said plans open within next days square foot plant ga allow expand production transfer trailers products reuter
tokyo bids stop chip row becoming trade war japan seeking prevent computer chips dispute u full scale trade war government officials said hope dispute specific issue adverse effect overall relationship united states ministry international trade industry miti official said friday washington announced plans much mln dlrs tariffs japanese electronic goods tokyo alleged failure live bilateral computer chip pact agreement reached last year heated negotiations called japan stop selling cut price chips world markets buy american made semiconductors foreign ministry officials immediately tried fall dispute seeking separate prime minister yasuhiro nakasone planned trip washington end april japan already done make sure chip pact working government studying measures take fields defuse american anger ensure trip success said perception japan u congress bad one official told reuters would much like something respond apparent effort prevent chip dispute areas miti officials sought u action severe warning japanese semiconductor makers government faced belligerent domestic chip industry angry american congress japanese government forced walk increasingly fine line semiconductor dispute trade analysts said said open secret japan largest chip maker nec corp happy viewed measures miti taking implement pact included enforced production cuts angry response japanese chip makers yesterday announcement u tariffs difficulties government faces taking action japanese semiconductor manufacturers u japan agreement said saba chairman electronic industries association japan accused u said u action made bilateral chip pact saba comments prime minister yasuhiro nakasone said tokyo wanted solve dispute consultations japan expected send high level official washington early next month try convince u go ahead tariffs april trade analysts say tokyo likely outline industry plans step purchases u chips propose joint investigation u allegations chip dumping reuter
transcontinental files new offer transcontinental gas pipe line corp said willing accept federal energy regulatory commission conditioned approval proposed offer settlement dated may transco said filed revised settlement proposal would permit become open access restructuring gas sales services new offer includes gas supply inventory charge customers fail buy pct annual contract quantities pct summer contract quantities reuter
latin oil producers meet caracas five regional oil producing nations gather caracas two day meeting expected center ways combat proposals u tax imported petroleum venezuela ministry energy mines said oil ministers mexico trinidad tobago ecuador venezuela hand fifth meeting informal group latin american caribbean petroleum exporters formed said colombia also attend first time observer nation ministry said energy mines minister arturo hernandez grisanti said conference set agenda one entire session friday proposals tax imported oil two group members venezuela mexico second third largest foreign suppliers oil united states respectively following canada venezuela concerned effect tax would exports undertook diplomatic push coordinate strategy measures february canadian energy minister masse invited caracas talks hernandez proposals oil import tax reuter
abn says profit rise encouraging view dollar bank nederland n v chairman said bank pct increase net profit mln guilders mln encouraging view sharply lower dollar speaking press conference release abn results said sharp decrease foreign earnings compensated strong domestic performance notably securities business said bank also proposing one share split facilitate trade bank stock news split sparked guilder rise abn share price amsterdam bourse close guilders prospects three uncertainties future trend dollar level interest rates abn share equities trade said provisions general contingencies reduced pct mln guilders taxes increased pct mln guilders added lower global interest rates earnings margins via traditional lending activities said said abn unlikely continue reducing risk provisions future noted bank overly concerned default latin american debtors factor brokers say dutch bank stocks recently said bank estimated financially troubled sovereign debtors one quarter latin american countries would ultimately pay said added losses incurred loans tin producers wake tin council crisis end written reuter
reichhold rci exploring sale european unit reichhold chemicals inc said exploring sale stake european subsidiary reichhold ag reichhold ag headquartered switzerland sales excess mln dlrs last year pct owned reichhold rest owned german swiss shareholders reichhold said seeking sale focus adhesives business reuter
cocoa deal seen positive price guarantee buffer stock rules agreement reached friday international cocoa organization icco improvement previous arrangements price support mechanism unlikely stem decline cocoa prices many icco delegates trade sources said accord reached producers consumers member icco council two weeks talks european chocolate manufacturers delegates said accord may boost cocoa prices immediately world surpluses overhanging market pull prices long buffer stock operation successful doubt anything stop price falling retail chocolate prices european dealer said buffer stock manager delays long buying seen using purchasing power market relying bearish trade reaction could pressure prices dramatically dealers said buffer stock market regulating tool icco cocoa bought sold prices pre set range new cocoa agreement came force january delegates could agree buffer stock rules time new rules take effect immediately buffer stock manager expected begin buying cocoa within next three weeks communications cocoa producing countries assessing market since prices must buy level special drawing rights per tonne specified agreement sources said buffer stock funds buy maximum tonnes within five week period approach cautious buffer stock manager said buffer stock around mln dlrs funds buying limit tonnes cocoa tonnes already buffer stock icco council chairman ivorian agriculture minister denis bra kanon said new rules good chance stabilizing prices ivory coast world largest cocoa producer established rules permit us withdraw immediately surplus cocoa world market bra kanon told reporters council adjourned bra kanon world cocoa surplus could less half tonnes estimated icco statistics committee however producer consumer members emerged final icco council meeting reservations pact ghana whose high quality cocoa world expensive provides pct country export earnings made formal protest council price differentials assigned cocoa saying high cocoa bought buffer stock according consumer spokesman peter baron west germany consumers perfectly happy buffer stock rules reached sensitive compromise real winners european community delegates satisfied important points fully discussed talks result doubted rules deal world surpluses effectively could delegates said new rules buffer stock manager would seek offers different origin cocoas using price differentials reflect different qualities non icco member cocoa comprise pct total buffer stock london cocoa prices traded today around stg per tonne around stg january stg january cocoa withholding scheme take tonnes cocoa market special council session decides market conditions warrant according agreement withholding scheme used prices fall sdr lower intervention price five days pct maximum buffer stock capacity buffer stock runs low funds says icco discuss withholding scheme rules executive committee meeting june icco officials said reuter
house subcommittee votes credit card rate cap house banking subcommittee approved legislation limit interest rates charged banks credit card issuers consumer affairs subcommittee bill would limit credit card interest rates eight percentage points yield one year treasury securities effect bill would limit credit card rates pct compared nation wide average pct subcommittee said bill goes full house banking committee action reuter
japan unemployment rate seen rising pct japan unemployment rate expected continue climb pct within next year january three pct record senior economists including taketomi industrial bank japan said december pct previous worst level since government management coordination agency began compiling statistics current system general fear become country high unemployment said senior economist long term credit bank japan ltd government published january unemployment figures today make predictions present forecast unemployment rate year difficult foresee situation improving labour ministry official said finance minister kiichi miyazawa said government expected increase set aside money help people find jobs fiscal beginning april prime minister yasuhiro nakasone told press conference record rate need pass budget held opposition proposed tax reforms yen surge caused layoffs mainstay steel shipbuilding industries export dependent industries cars textiles laid part time employees ceased hiring economists said although growing service industry sector absorbed great number workers trend starting slow said deputy general manager sumitomo bank ltd economics department however economists disagreed saying service sector would able hire workers longer needed manufacturing sector next five years reuter
carteret savings cbc completes sale branches carteret savings bank said completed previously announced sale six virginia branches charter federal savings loan association carteret said opened retail banking office vienna va next step move build strong presence washington c baltimore md area carteret said new bank two offices outside baltimore acquired last june carteret merged builders savings loan association company said plans open retail banking office downtown washington summer plus several offices baltimore county others fairfax county va carteret said may open loan offices virginia maryland reuter
shell canada sees better profit lower spending shell canada ltd pct owned royal dutch shell group anticipates improved level earnings assuming continuation prices margins existed end early company said annual report shell previously reported operating profit fell mln dlrs excluding mln dlr unusual gain mln dlrs prior year company also said capital exploration spending mln dlrs mln dlrs lower last year due uncertain short term outlook
suralco bauxite refinery reopened mln tonnes capacity bauxite refinery surinam closed end january anti government reopened spokesman dutch metals company billiton said refinery run suralco jointly owned u company alcoa dutch company billiton wholly owned subsidiary royal dutch shell production alumina refinery currently running around tonnes day expected get back full capacity tonnes within week billiton spokesman added refinery forced close end january cut main power line earlier refinery import supplies bauxite activity shut supplies alcoa mine moengo east country billiton mine capital still working moengo remains closed refinery continuing import bauxite billiton spokesman said reuter
messidor merge triton messidor ltd said signed letter intent acquire pct outstanding shares triton nederland b v european investment portfolio management company approved two mln shares stock held messidor ltd officers directors would issued triton shareholders triton become subsidiary messidor said approved president triton nominated chairman combined company mln messidor units issued public consisting one share common stock four class common stock warrants four class b common stock warrants four class c common stock warrants addition four mln restricted shares outstanding messidor said acquisition expected completed june three reuter
economic spotlight france economic lift year squeezing power narrow coalition majority prime minister jacques chirac away controls regulations french economy france still waiting promised industrial recovery government says follow free market policies company profits stock market rising unemployment growth stagnant two pct year outlook inflation held year low pct uncertain forced last month cut government growth target raise inflation estimate finance minister edouard balladur ruled action stimulate economy government say fear time economic may running political towards presidential elections due april next year france economic performance led mixed cast right wing ministers socialist president mixed reviews non analysts michel director economic studies newly privatised banque paribas government outstanding launch intellectual breaking formed state control figures may look neither good bad set context structural reforms excellent said analysts say fear balladur chief architect government free market policies may pursuing belief economic produce explosion economic forces said indosuez chief economist jean personally think direction basic fact french system school impossible government pushed vision hard past year foreign exchange consumer price controls largely abolished labour regulations ease redundant workers popular programme launched sell state owned banks industries private investors since december nearly five mln french investors bought shares cie financiere de paribas pari pa glass maker cie de saint gobain sa pa first two state companies brought stock market billion franc five year privatisation plan encouraged past illegal exports capital lifting currency controls money flooded paris abroad helping lift market pct last year another pct since december end last year government abolished price controls existed years services car repairs state intervention small businesses account pct french economy immediate result pct rise consumer prices january partly responsible forced revision official inflation forecast pct two pct less even pct would result consider prices free first time since commented paribas include major reduction state foreign debts cut state budget deficit billion francs last year billion francs target billion despite healthy balance payments surplus gradual improvement industrial productivity french franc forced speculators january three pct devaluation west german mark second since chirac took power recent report organisation economic cooperation development french industry failing produce goods potential customers wanted outside mainly state controlled high technology sectors french industrial goods increasingly ill demand priced report said french economists including indosuez agreed report one assumptions government give freedom employers invest modernise nine ten say yes like freedom wait told way go said despite rising industrial investment introduction special incentives boost employment end number jobless reported record million year earlier problem government may little economy faster growth french producers failed take advantage last year oil price falls growth hopes rest prospects expansion industrial countries like west germany japan say reuter
executive house inc year loss shr loss cts vs loss six cts net loss vs loss revs vs reuter
ameron inc qtly dividend shr cts vs cts prior qtr pay may record april reuter
j c penney jcp buy equity beeba j c penney co inc said signed letter intent acquire one mln shares pct equity interest beeba creations inc dlrs share penney said agreement also calls beeba major supplier junior sportswear work penny establishment junior specialty shops created penney stores early stores also planned company said beeba principal source merchandise shops said six months ended february beeba reported net income mln dlrs sales mln dlrs penney said establish independent marketing organization manage support shops personnel within outside company company said new agreement would impact current supplier base continue work base suppliers junior sportswear merchandise areas reuter
treasury balances fed rose april treasury balances federal reserve rose april billion dlrs billion dlrs previous business day treasury said latest budget statement balances tax loan note accounts fell billion dlrs billion dlrs respective days treasury operating cash balance totaled billion dlrs april compared billion dlrs april reuter
cacex denies brazil fcoj price rise rumours rise price frozen concentrated orange juice fcoj spokesman banco brasil foreign trade department cacex said responding rumours international market brazil raised fcoj prices range dlrs per tonne reuter
f w woolworth co z th qtr jan net shr dlrs vs dlrs net mln vs mln sales billion vs billion avg shrs mln vs mln year shr dlrs vs dlrs net mln vs mln sales billion vs billion avg shrs mln vs mln note share data restated reflect two one stock split may reuter
caesars world caw says mulls restructuring caesars world inc rejecting dlr share takeover bid new york investor martin sosnoff said considering alternatives include restructuring company sale someone else filing securities exchange commission caesars world said board decided special meeting yesterday explore investigate several alternatives effort thwart sosnoff takeover attempt
houston oil trust ho omits march distribution houston oil trust said cash distribution unit holders march significant factor lack distribution month establishment additional special cost escrow accounts company said adding may cash distribution months remainder year march working interest owner place mln dlrs special cost escrow accounts reuter
intermedics inc st qtr net oper shr cts vs cts oper net vs revs mln vs mln avg shrs mln vs mln note prior qtr excludes loss five cts per share discontinued operations sale subsidiaries intermedics inc electronics inc intermedics inc excludes qtr operating loss carryforwards vs qtr prior reuter
mco resources inc th qtr loss shr loss dlrs vs dlrs net loss mln vs mln revs mln vs mln note net includes pretax writedown mln oil gas properties mln non cash provision geothermal property reuter
mobile america corp year end dec shr dlrs vs dlr net vs revs mln vs reuter
kuwait says opec member violating output quota kuwaiti oil minister sheikh ali al khalifa al sabah said newspaper interview opec member exceeding oil production quotas allocated nation group sheikh ali told kuwait daily al opec states without exception producing within quotas allocated producing less oil industry sources said united arab emirates generally producing quota since opec returned quotas last september still pumping allotted amount first months year ecuador also publicly stated quota earthquake early month stopped iraq rejected quota oil sources say may problems marketing official prices oil wants sell opec agreed december cut overall oil production pct mln barrels per day bpd first six months year abide fixed prices around dlrs barrel february reuter
realty trust nd qtr feb net shr cts vs cts net vs six months shr cts vs cts net vs reuter
key centurion completes acquisitions key centurion bancshares inc said completed previously announced acquisitions union bancorp west virginia inc wayne bancorp inc reuter
brazilian coffee rainfall following rainfall recorded areas past hours parana state nil nil nil sao paulo state mm mm mm mm sao carlos nil sao nil reuter
ecuador quake cut oil revenues mln dlrs people feared dead people left thursday earthquake cost ecuador close mln dlrs lost petroleum revenues authorities said estimated cost repairing damaged oil pipeline mln dlrs magnitude damages caused earthquake president leon febres cordero said damages hit jungle province miles quake damaged km oil pipeline forcing opec nation suspend crude exports four months president febres cordero said statement issued today presidential press office country would lose estimated mln dlrs crude exports pipeline repaired president said would cost mln dlrs repair carries oil jungle oil fields balao pacific ocean port crude traditionally accounts two thirds ecuador exports quake triggered river banks carrying away homes province health minister jorge told reuters fear people died though way knowing exact figure many people said estimates ranged high dead far recovered said information minister told reporters number dead injured known know many people lived homes hit said least left district reuter
u k earnings rise pct year january u k average earnings rose seasonally adjusted pct year end january pct rise year december department employment said underlying rise pct pct december january index base set provisional seasonally adjusted december underlying rise adjusted factors back pay timing steady pct october october unit wage costs u k manufacturing industry rose pct three months end january year year basis pct rise three months end december department employment said january unit wage rise manufacturing industries pct unchanged december rise department said decline underlying rate rise earnings reflected reduced significance bonus payments january compared december actual increase reflected pay settlements industrial action transport communications sectors january reuter
fitness inc year dec loss shr loss cts vs loss cts net loss vs loss revs vs avg shrs vs reuter
u k autumn intervention lawson britain profits using stronger pound buy back dollars used government last autumn support sterling currency crisis chancellor exchequer nigel lawson said said parliamentary debate tell house commons dollars sold reserves september october subsequently repurchased profit millions pounds proved right resist market pressures two percentage point interest rate rise said increase base rates instead limited one point debate british budget lawson unveiled last week said period foreign exchange market turbulence followed somewhat group five group seven meetings end september authorised bank england intervene unusually heavily order buy space would enable interest rate rise one pct rather two pct market pressing said one percentage point increase effected october reversed month two half point cuts banks base lending rates pct treasury figures show underlying change british reserves seen guide possible bank england intervention foreign exchange markets suggest authorities sold around billion dlrs september october government sources said reuter
mountain view acquires communications mountain view investment corp phoenix ariz said acquired communications cos inc terms transaction present directors mountain view resigned elected directors new directors mountain view said combined shareholders meeting soon held vote acquisition reuter
investment firm boosts purolator pcc stake halcyon investments new york investment partnership deals mainly risk arbitrage stock trading said raised purolator courier corp stake shares pct pct filing securities exchange commission halcyon whose managing partner alan b co said bought purolator common shares feb march prices ranging dlrs halcyon said spent mln dlrs purolator common shares said also acquired options feb giving right buy shares mln dlrs reuter
anglo american j year dec shr cts vs final div vs making vs pre tax mln rand vs mln net mln vs mln tax mln vs mln att outside shareholders mln vs mln div mln vs turnover billion vs billion div pay may register march note full name anglo american industrial corp ltd reuter
fsb year net net mln vs mln note company mutual savings bank reuter
paribas seeking adjust ecuador oil facility banque paribas arranged mln dlr loan ecuador last year pre finance oil exports wants adjust terms facility help country recover earthquake bankers said french bank plan would effectively postpone repayment mln dlrs loan several months running stiff resistance many members loan syndicate pipeline carries ecuador oil exports march tremor take five months repair cost mln dlrs repair president leon febres cordero friday estimated total damages caused quake one billion dlrs said ecuador result would maintain january suspension interest payments foreign commercial bank debt payments halted january drop price oil accounts nearly two thirds ecuador export earnings pct government revenue although sympathetic ecuador many banks paribas facility feel emergency financial relief job international financial organizations commercial banks bankers said month oil financing facility signed last october one purely voluntary credits latin american nation since region debt crisis august voluntary deal many bankers feel strongly terms must otherwise fear gradual establishment normal market conditions latin borrowers set back lot reluctance banks feel different facility kind suggestion restructuring would look bad one banker commented reuter
general stores inc rd qtr jan shr cts vs cts net vs sales mln vs mln nine mths shr cts vs cts net vs sales mln vs mln reuter
wholesale club inc th qtr jan net shr profit two cts vs loss cts net profit vs loss sales mln vs mln avg shrs vs year shr loss cts vs loss cts net loss vs loss sales mln vs mln avg shrs vs reuter
eastman kodak ek sell holdings eastman kodak co said plans sell pct holding icn pharmaceuticals icn part nine pct holdings viratek said purpose investments lay groundwork creation acid research institute since achieved longer reason maintain equity positions kodak said kodak holds icn currently trading viratek trading reuter
volatility likely remain low debt futures financial analysts see little chance u interest rate futures break narrow ranges low volatility remainder week got little volatility wednesday said commodities international analyst jerome moment still trading range even unexpected developments concerning growth u economy may enough spur market sluggish state analysts said bond market yet demonstrated break low volatility said carroll analyst denis needs something going news economy said said bond market possibly break participants dollar stabilized federal reserve room conduct monetary policy even wednesday fed funds six pct dollar strong oil soft side bond futures attracted eager sellers contracts approached recent highs said addition changing perception dollar monetary policy golden futures president norman quinn said beginning april could bring foreign investors back marketplace market beginning feel may demand beginning fiscal year japan april quinn said quinn sentiment many analysts large amounts cash waiting invested japanese investment u securities start japan fiscal year domestic funds may also flow bond market said could get stiff rally possibly enough bring yields long bonds seven pct compared current yield pct quinn said meantime even prospect new supply likely move futures treasury announcement billion dlr refunding operation little move cash government securities prices late wednesday close futures surprised supply pushed us trading range said reuter
paper mills co nd qtr net period ended feb shr cts vs cts net vs sales mln vs mln six mths shr dlrs vs dlrs net vs sales mln vs mln note per share data restated pct stock dividends paid holders record dec dec reuter
systems inc regular payout set qtly div five cts vs five cts prior pay april record march reuter
sees net rising said result december acquisition space co expects earnings per share dlrs per share cts company said pretax net rise nine mln dlrs six mln dlrs rental operation revenues mln dlrs mln dlrs said cash flow per share year three dlrs reuter
international make acquisition international ventures inc said agreed acquire personal computer rental corp fla transaction shareholders personal computer receive shares pct interest combined company company said two mln shares outstanding fully diluted basis transaction said acquisition computer cash expansion said personal computer locations plans add seeking eventually expand markets u abroad reuter
purolator pcc buyout hutton efh new jersey based overnight purolator courier corp said agreed acquired mln dlrs company formed e f hutton lbo inc certain managers purolator u courier business analysts said purolator sale time purolator announced earlier mulling takeover bid analysts predicted offer another courier company hutton lbo wholly owned subsidiary e f hutton group inc majority owner company hutton said acquiring company pc acquisition inc paying dlrs cash per share pct purolator stock tender offer begin thursday rest shares purchased securities warrants buy stock subsidiary pc acquisition containing purolator u courier operations shares purolator tendered shareholders would receive share dlrs cash six dlrs debentures warrant buy shares subsidiary pc acquisition containing u courier operations hutton said merger shareholders would get mln dlrs aggregate amount guaranteed debentures due pc acquisition warrants buy pct common stock pc courier subsidiary hutton said company valued warrants two three dlrs per share purolator stock price closed dlrs friday analysts estimated company worth mid least one said would worth dlrs follows sales two purolator units agreed recently sell canadian courier unit capital mln dlrs previously sold auto business purolator retains division makes closure gas tanks hutton spokesman said firm reviewing options purolator courier business lagging u rivals high price paid past several years add air delivery ground fleet e f hutton provide mln dlrs funds complete transaction called bridge financing replaced later long term debt likely form bank loans hutton said hutton lbo committed keeping courier business president warren said purolator lost mln dlrs last two years largely due u courier operations believe management turning around serious competitor future said william chief executive officer u courier division chief executive officer new company tender offer conditioned minimum two thirds common stock tendered withdrawn expiration offer well certain conditions offer begin thursday subject staff interstate commerce commission expire business days commencement unless extended reuter
magellan corp sets merger balzac magellan corp said entered letter intent acquire balzac investments inc transaction result former balzac shareholders owning pct combined company company said completion merger combined company known power cell inc engaged development balzac technology related quick charge product charging auto transaction subject approval shareholders companies reuter
atico financial make acquisition atico financial corp said executed definitive agreement acquire pct intercontinental bank county fla intercontinental bank holding co undisclosed amount cash common stock said closing subject regulatory approval atico said connection acquisition apply become registered bank holding company convert owned atico savings bank subsidiary state chartered commercial bank intercontinental year end assets mln dlrs atico year end assets mln dlrs reuter
e f hutton efh extends purolator pcc offer e f hutton group e f hutton lbo inc unit said extended expiration date dlr per share tender offer purolator courier corp midnight est april six midnight april one e f hutton lbo inc said wholly owned pc acquisition inc subsidiary entity making offer extended expiration date withdrawal rights period pending tender mln shares pct purolator common hutton offer topped today dlr per share bid pct stock emery air corp eaf offers would pay shareholders package securities balance shares valued respective tender offer prices hutton said end day yesterday shares purolator common stock pct outstanding shares validly tendered withdrawn manhattan supreme court justice lewis today adjourned monday hearing stockholder suit seeking block hutton lbo transaction judge told attorneys needed time hear cases cited belief superior offer would forthcoming however one company mentioned interlink express plc denied interested yesterday frank retired vice chairman prudential insurance co currently purolator board member said initial offer hutton rejected board directors february third next meeting board february hutton submitted revised proposal accepted also committee directors hired goldman sachs co consider alternatives hutton offer also consider discussion possible mergers companies including emery federal express corp reuter
sun alliance reports sharp profit rise year shr p vs p div p making p vs p pretax profit mln stg vs mln net tax mln vs mln minorities mln vs mln general premium income billion stg vs billion long term premium income mln vs mln general insurance loss mln vs mln long term insurance profits mln vs mln investment income mln vs mln company full name sun alliance london insurance plc l
renewal u ussr grain pact said uncertain prospects renewal five year u ussr grains agreement uncertain point soviet trade official told reuters current trade imbalance united states soviet union high u commodity prices increased world grain production make renewal supply agreement next year less certain albert deputy trade representative soviet union said interview current agreement expires sept said world grain markets different first agreement signed statements u soviet officials indicate long term grains agreement might attractive sides one agreement second agreement second agreement difficulties prices said cannot give forecasts response future agreement want speculate happen sept said noted seen indications soviet government officials would pushing renewal agreement situation different comparison three five ten years ago produce said reuter
sosnoff ends pratt prat southmark sm deal investor martin sosnoff said southmark corp affiliate pratt hotels corp ended talks mts acquisition corp possible joint venture acquisition caesars world inc sosnoff said talks actively pursued since announced march agreed unless discussions formally terminated pratt southmark would initiate competing tender offer caesars world take action would sosnoff current offer acquire caesars shares dlrs sosnoff said dlr per share bid caesars scheduled expire may still stands remains negotiating transaction buy caesars friendly terms pratt recently made apparently unsuccessful bid acquire control resorts international inc lose donald trump reuter
cannon audit show significant loss cannon group inc said financial statements show substantial losses fiscal significant downward adjustments previously reported stockholders equity company also said audit conducted arthur young co cover year ended january instead nine month period ended september previously announced said anticipates results audit available mid late april reuter
corrected ivory coast confirms presence talks senior ivory coast agriculture ministry official confirmed country backing new international cocoa pact said ivorian delegates would present talks buffer stock starting week official told reuters ivorian agriculture minister denis bra kanon would attend opening talks convened international cocoa organization icco london monday bra kanon due return home week funeral sister ivorian president felix scheduled held country capital march senior ivorian delegates present throughout london talks official said bra kanon chairman icco council rumours ivorian delegates might delayed public west african nation helped depress already low world cocoa prices friday official said ivory coast continued support new pact agreed principle last year world cocoa exporters consumers also said bra kanon would fulfil duties icco council chairman talks scheduled end march meeting aims set rules operation pact buffer stock producers hope boost market hit successive world cocoa surpluses ivory coast participate last international cocoa pact decision join new accord sparked hopes successful supporting prices reuter
inspiration canadian gold find inspiration resources corp said gold project northern pct interest yielded estimated total reserves short tons grading average ounce gold per ton company said mineral resources ltd owns remaining interest project located miles east lake inspiration said project proven reserves tons assayed ounce gold per ton probable reserves tons ounce possible reserves tons ounce inspiration said production decision expected made reuter
consolidated plantations bhd six months december shr cents vs cents interim dividend four cents vs group net mln ringgit vs mln pre tax mln vs mln turnover mln vs mln note dividend pay april register april reuter
scan graphics captive venture capital merge scan graphics inc said completed merger captive venture capital inc former shareholders scan graphics majority shareholders merged company scan graphics board named board merged company said merged company known scan graphics inc expects listed nasdaq system soon said captive venture issued restricted preferred shares convertible mln common shares scan graphics captive common shares outstanding merger reuter
technologies group th qtr shr n vs n net vs revs mln vs mln year shr cts vs cts net mln vs mln revs mln vs mln note net includes dlrs charge net includes credit share amounts provided th qtr completed initial offering august reuter
bristol myers co bmy sets quarterly qtly div cts vs cts prior pay may one record april three reuter
cyclops cyl board restructured include dixon cyclops corp said board restructured terms company merger agreement dixons group plc following british company acquisition pct cyclops stock company said board composed three cyclops executives chairman w h president james f senior vice president william three dixons executives vice chairman financial director von corporate finance director gerald n secretary reuter
major nations must act currencies miyazawa finance minister kiichi miyazawa said time come major industrialised nations take action exchange rates line agreement last month paris paris britain canada france japan u west germany agreed hold currency rates around current levels miyazawa would say specific measures major nations would take told reporters measures discussed paris dollar fell record low yen morning yen asked major nations negotiating measures take miyazawa said measures already agreed paris reuter
salomon inc sb sets regular quarterly qtly div cts vs cts prior pay april one march reuter
charter co complete reorganization charter co huge petrochemical concern bankruptcy proceedings stemming hundreds related claims said subsidiaries except independent petrochemical corp complete reorganization march said date deposit escrow agent mln dlrs cash mln dlrs notes mln shares common distribution company officials immediately available comment previously reported charter settled related claims individuals state missouri resolving claims subsidiaries except independent petrochemical charter said settlements remain subject appeals final court approvals resolve claims charter subsidiaries except independent petrochemical said individual claims certain units remain pending disputed claims bankruptcy court said claims filed since confirmation joint plan reorganization charter said two creditors equity committee bankruptcy proceedings american financial corp pct common reorganization waived requirement charter resolve related claims prior completing reorganization requirement excludes claims independent petrochemical charter also said plan liquidation independent approved bankruptcy court completed march earlier charter reported net income year mln dlrs included gain mln dlrs discontinued operations mln dlrs settlement claims reorganization proceedings reported earnings dlrs included loss mln dlrs discontinued operations mln dlrs extraordinary items fourth quarter reported earnings mln dlrs including gain mln dlrs discontinued operations mln dlrs mainly claims settlements year ago period charter reported loss mln dlrs reuter
heinz higher net despite higher costs h j heinz co said net income third quarter rose pct despite pct increase marketing expenses meanwhile company said raised quarterly dividend cts share cts share part expectation tax rate new tax law result greater cash flow third quarter ended january heinz earned mln dlrs cts share earnings mln dlrs cts share year ago quarter nine months company posted profit mln dlrs dlrs share compared profit mln dlrs dlrs share year ago period based company performance first nine months expect achieve rd consecutive year new growth records anthony j f reilly heinz newly elected chairman reuter
rexnord rex redeem rights rexnord inc said redeem preferred stock purchase rights cts right effective today rexnord said rights redeemed expected shares tendered january takeover offer banner acquisition corp rights trade tandem rexnord common stock reuter
u fed commodity basket index complex task control monetary policy increasingly fast moving global economy could aided policy commodity prices member federal reserve board says commodity prices already considered fed making monetary policy would given much greater role idea floated governor robert heller joined board last august much study idea needed arrangement particularly adopted major industrial countries could reduce volatility exchange rates moreover could help stabilize prices commodities slowing changes inflation idea many conservative economists find appealing backing among board members appointed recent years president reagan would complement present system opening closing monetary based pattern inflation key indicators unemployment rise fall money supply changes money supply lead changes interest rates affect economic activity directly discussed long time commodity concept part growing search system monetary policy widely currency prices solid base needed anchor reference point serve guide domestic international monetary purposes says heller past anchor gold united states went gold standard global economy gold supplies return gold standard generally dismissed hand policymakers grounds largest producers gold soviet union south africa called fixed rate system early still considered present world current system floating currencies currencies widely adding vast pressures monetary system also widely questioned suggested system might benefit formal approach intervention countries currencies agreed levels major problems also one thing concern countries might intervene felt might domestic economy moreover question whether concerted intervention make much overall market agree fundamental judgement poorest countries called monetary conference work new system cope debt problems treasury secretary james baker reagan administration chief economic architect preferred use called group five industrial countries sometimes seven forum work cooperative agreements currency economic matters appears convinced officials west germany france britain japan italy canada talking behind closed doors reached decisions away public heller approach extremely complex could impact system prices international exchange rates heller basket say major commodities ranging wheat oil would put together prices would measured regular basis times rising commodity prices monetary policy might tightened times falling commodity prices policy might eased says notes commodity prices traded daily auction markets commodity price index calculated virtually continuous basis moreover commodity prices produced consumed traded world wide basis index entire world says addition commodity prices beginning production chain serve virtually production processes focusing commodity prices early sensitive indicator current perhaps also future prices pressures monetary authorities may take index account making monetary policy decisions says however says major change basic commodity occurred oil action opec cartel would discounted system says worst thing could happen allow monetary policy spread increase one commodity rest system commodities reuter
centerre acquires benefit plan services centerre bancorp said completed acquisition benefit plan services inc maryland mo specializes small moderately sized pension plans terms disclosed reuter
american electromedics corp nd qtr loss qtr ends jan shr loss three cts vs loss six cts net loss vs loss revs vs six mths shr loss four cts vs loss seven cts net loss vs loss revs vs note company pct owned inc subsidiary electro audio dynamics inc reuter
american sees higher st qtr yr net
alcan australia bids alcan new zealand alcan australia ltd al said make mln n z dlr cash bid issued shares alcan new zealand ltd n z dlrs four three share alternative pct owned canada alcan aluminium ltd al take share swap option alcan australia deputy chairman davis said statement remainder alcan new zealand totalled issued mln shares broadly held alcan australia primarily held institutions alcan nz last traded nz dlrs alcan australia today ended four cents dlrs davis said offer subject approval new zealand overseas investment commission response integration two countries markets australia new zealand closer economic relations treaty alcan new zealand shareholders accept offer would also receive final dividend cents share normally payable may alcan australia would new zealand representation board would apply list shares new zealand stock exchange davis said reuter
ec sugar tender said mark change policy maximum rebate granted yesterday european community ec sugar tender marked change policy towards producers complaints losing money exports outside ec ec commission sources said said despite fact commission accepted tonnes sugar intervention yesterday traders protesting rebates set low maximum rebate yesterday tender ecus per kilos ecus previous week london traders said yesterday rebate largest ever granted commission sources said today increase entirely explained world market conditions amount rebate fell short producers claim needed obtain equivalent price sales intervention remained ecus per kilos said operators offered total tonnes sugar intervention last month protest rebates said low sources said tonnes french sugar tonnes german sugar accepted remainder rejected low quality sources noted operators could withdraw offers five week period acceptance sugar payment said saw sign planned yet adding would expect operators wait another week two review commission policy making minds sources said commission felt entitled offer rebates slightly level light farm price package proposal reduce guaranteed prices sugar two pct start new season july reuter
union national signs definitive pact union national corp said signed definitive agreement first national bank trust co washington unit merge second national bank previously announced merger agreement share second national common stock converted shares union national common reuter
montedison talks antibioticos montedison spa mi said concluded negotiations spanish pharmaceuticals company antibioticos sa company spokesman told reuters concluded talks awaiting authorization spanish authorities declined comment earlier today italian company postponed scheduled press conference talks antibioticos italian press report today said montedison agreed acquire antibioticos billion lire reuter
dom republic sells czarnikow tons sugar dominican republic sold long tons sugar immediate delivery option tons czarnikow new york state sugar council announced immediately clear sale made price council communique said sale made best prevailing conditions world sugar market reuter
timminco ltd year net oper shr cts vs cts oper net vs revs mln vs mln avg shrs vs note net excludes extraordinary gain dlrs seven cts shr vs yr ago gain dlrs one ct shr reuter
sydney cost review may eliminate products sydney development corp earlier reporting increased nine month operating loss said cost control review underway may result cost reduction elimination unprofitable non strategic products services company operating loss nine months ended december increased mln dlrs loss mln dlrs prior year said earlier revenues increased pct mln dlrs year earlier mln dlrs reuter
major home appliance shipments february shipments major home appliances february rose pct mln mln year ago reported association home appliance manufacturers said year date total major appliance shipments rose pct mln mln year earlier said strong shipment gains four five appliance categories resulted unprecedented monthly levels records set shipments automatic reuter
japan officials see difficulty hitting gnp target government find difficult achieve new gross national product gnp forecast three pct growth fiscal year ending march economic planning agency officials said made comment reporters news gnp rose pct october december quarter pct increase previous three months japan achieve three pct growth gnp january march period would grow pct october december officials said government lowered gnp forecast four pct last december reuter
ecuador gets loan help repair oil pipeline development corp said today lending mln dlrs ecuador help repair miles oil pipeline destroyed earthquake earlier month loan signed today offices caracas based corporation president ecuadorean ambassador antonio loan originally intended finance expansion pipeline following earthquake ecuadorean government asked terms changed permit use reconstruction ecuador expects oil production suspended four months result damage asked venezuela help supplying barrels per day pipeline repaired opec member production quota bpd asked organization allow produce bpd repairs completed compensate loss reuter
fcoj movement gallons last week florida citrus processors association said frozen concentrate orange juice movement trade channels week ended march totalled gallons versus gallons week ended february gallons corresponding year ago period gallons foreign imports last week versus gallons week domestic imports last week retail movement versus year ago bulk movement year earlier current season cumulative movement gallons versus last year cumulative net pack season versus year ago inventory versus year ago reuter
ropak pct buckhorn ropak corp said received accepted common shares series convertible preferred shares buckhorn inc four dlrs dlrs respectively response tender offer expired friday owns pct buckhorn voting power company owned common preferred shares starting hostile tender ropak said borrowing funds needed buy buckhorn shares bank lender need use funds another bank committed provide margin loan ropak said waived minimum acceptance requirements buy shares intends evaluate number possible ways completing acquisition buckhorn said hopes buckhorn board position enter meaningful negotiations reuter
exovir sells stock mln dlrs exovir inc said sold investor group led mark hammer shares company common stock warrants purchase additional shares exovir said transaction increases group stake pct pct net proceeds company total mln dlrs company said warrants exerciseable next three years dlrs per share common stock according exovir reuter
g round one goes central banks central banks easily back foreign exchange market first test industrialized nations recent pact stabilize currencies analysts said active trading week market pushed dollar sterling canadian dollar australian dollar higher operators got burned one one central banks signalled far g success said james neill financial markets economist marine midland bank na central banks sending strong signals tolerate kind momentum building behind currencies added senior corporate trader one u k bank february finance ministers central bank governors u japan west germany france u k group five plus canada signed accord agreed cooperate closely foster stability exchange rates around prevailing levels agreement viewed many market attempt put floor dollar sizeable two year decline major world currencies initially traders indicated respect accord pushing dollar lower wednesday dollar climbed marks five levels friday g accord move aided indications u economy picked steam february time west german economy dealers said federal reserve bank new york gave traders sharp g pact idea limiting dollar gains well declines dealers differed whether u central bank actually intervened sell dollars marks simply dealers ask quotes trading conditions dollar quickly backed today around marks market surprised fed showed face soon said marine midland na neill also wednesday london dealers said bank england intervened open market sell sterling u k currency rose dlrs compared dlrs g pact sterling along high yield currencies like australian dollar canadian dollar favor traders chance intervention pursuant paris currency accord left limited room profit dollar mark dollar yen pound also boosted suggestions improving u k economy anticipation popular british budget march public opinion showing good chances conservative party general election real run sterling said mills shearson lehman brothers inc sterling traded today around dlrs dlrs last night slid marks yesterday peak recently heavy profit taking sterling mark ahead next tuesday u k budget said james discount corp speculators presence u british central banks shift canadian australian dollars bank canada acted slow currency rise canadian dollar traded per u dollar today yesterday australian reserve bank using fed agent sold australian dollars u yesterday dealers said australian dollar fell low u cents today high thursday analysts said central banks moves sudden upward movement leave market uncertain next step today focus shifted yen held tight range dollar several months dollar fell yen last night analysts said yen also gained traders long sterling short mark positions established change health german economy funds operations ending yen dealer one u k bank said recent west german data shown falling industry orders lower industrial output slowing employment gains moreover yen benefitting japanese entities invested heavily overseas example australian financial instruments profits ahead end japanese fiscal year march noting dollar yen rate sense controversial one large u trade deficit japan analysts said stage could set another test dollar downward scope japanese currency latest review foreign exchange market end january federal reserve revealed intervened protect dollar yen january day dollar fell low yen sure fed bought dollars near yen level january market bear mind time situation changes said discount reuter
thai tin exports fall february thailand exported tonnes tin metal february tonnes previous month tonnes year ago mineral resources department said said major buyers last month britain japan netherlands west germany u reuter
farah omits quarterly dividend farah inc said omitted quarterly common stock dividend second consecutive quarter company last paid quarterly common dividend cts share december said consider future dividend payments basis improved profitability cash flow farah said expects turn profit balance first quarter ended january farah lost dlrs cts share sales mln dlrs addition farah said received shareholder approval change name farah inc farah manufacturing co reuter
co calendar div vs net profit billion vs billion sales billion vs billion note company set sales target billion reuter
oxford industries inc rd qtr feb shr cts vs cts net mln vs mln revs mln vs mln nine months shr cts vs cts net mln vs mln revs mln vs mln reuter
amoskeag bank seek rehearing amoskeag bank shares inc portsmouth savings bank said file rehearing new hampshire supreme court march ruling state regulatory approval amoskeag acquisition portsmouth decision believe go well beyond affiliation amoskeag portsmouth savings bank said amoskeag chairman william transaction opposed group portsmouth investors wanted bank remain independent according press reports reuter
americus trust initial dividend americus trust american telephone telegraph shares series two said distribute initial dividend cts may shareholders record march reuter
csr selling delhi exxon unit drops delhi float csr ltd csra exxon corp xon unit esso exploration production australia inc said csr agreed sell delhi australia fund esso mln australian dlrs sale effective tomorrow said joint statement previously announced float part delhi interest proceed csr said statement delhi australia fund owns delhi petroleum pty ltd holds average pct santos ltd stos led cooper eromanga basin gas liquids projects addition purchase price csr share equally returns due increases crude oil condensate prices certain levels liquids produced delhi interests next two years statement said esso proposal purchase delhi interest beneficial shareholders proceeding float csr chief executive kelman said statement kelman said sale delhi would enable csr focus efforts expanding business areas sugar building materials csr long successful management experience strong market leadership sale csr able expand businesses aggressively earlier said reported separately soon announcing delhi sale csr launched takeover bid pct pioneer sugar mills ltd already hold valuing entire issued capital mln dlrs bass strait onshore cooper eromanga basin australia largest oil gas producing area current gross oil production barrels per day gas liquids output bpd gas sales mln cubic feet day csr esso statement said purchase gives esso partner broken hill pty co ltd brkn bass strait first onshore production australia said esso chairman mcgill said hoped esso assist maintaining high rate oil gas discoveries cooper eromanga area discoveries help australia self sufficiency oil reserves thereby offsetting part decline bass strait production way mcgill said separately released letter csr shareholders kelman said csr within days completing plans float csr petroleum received offer esso said csr convinced sale correct decision view risks associated oil business price sharing arrangement provides csr share equally esso higher returns oil prices average u dlrs barrel next two years said kelman said revaluation csr investment delhi net value today csr annual balance date result extraordinary loss mln dlrs however profits sales assets significantly reduce loss said also said csr sufficiently encouraged future prospects opportunity group core businesses increase final dividend payable july cents nine make annual cents reuter
henderson land development co ltd hk six months dec shr h k cents vs interim div seven cents vs five net mln dlrs vs mln turnover mln dlrs vs mln note dividend payable may books close april reuter
sun sun raises crude postings cts sun co said raised contract price pay crude oil cts barrel effective today increase brings sun posted price west texas intermediate west texas sour grades dlrs bbl light louisiana sweet grade also raised cts dlrs bbl sun co last changed crude postings march reuter
lincoln national corp votes dividend qtly div cts vs cts prior qtr pay may record april reuter
lifestyle restaurants inc st qtr jan shr loss cts vs loss eight cts net loss vs loss revs mln vs mln note current st qtr loss included gain dlrs dlrs sale restaurant leases reuter
little risk seen texas cotton cold texas cotton crop stands little chance damage temperatures expected tonight state little cotton planted according texas agricultural sources cotton market analysts still pretty early cotton planting six pct crop planted last week said doug texas agricultural service division u agriculture department cotton market sources said planting begun rio grande valley south texas areas planting crucial high low plains areas slated begin next month high low plains accounted pct mln bales produced texas last year said temperatures tonight texas expected drop low although lower rio grande valley may see moderate middle according weather inc price new crop cotton new york cotton futures market rallied today weather related fears reuter
india buys cargoes sugar traders india bought cargoes white sugar buying tender today originally called two three cargoes march april shipment traders said london trader e f man said sold two cargoes dlrs tonne cif march april shipment option sell additional two cargoes price traders said least one international trader made similar contract french house sold two cargoes outright price dlrs cif without option brought total indian purchases least six cargoes traders options sell another four reuter
u real earnings rose pct february average weekly earnings u workers adjustment inflation seasonal changes rose pct february unchanged january labor department said department earlier reported real earnings fell pct january revised figure show earnings unchanged february year february real earnings rose pct department said rise february real earnings resulted pct increase average earnings pct increase average weekly hours partly offset pct rise consumer price index measures inflation department said seasonal adjustment weekly earnings last month averaged dlrs dlrs january dlrs february reuter
stora close completing papyrus takeover sweden stora ab st said acquired pct shares rival pulp paper makers papyrus ab thus passing threshold buy rest company remaining shareholders would later month sell shares stora company said statement stora announced last september would acquire papyrus price billion crowns thus forming europe second largest forest group london based reed international plc reed l reuter
montedison acquires arco research unit montedison spa mi acquired pct stake plant cell research institute california atlantic richfield co arc n several millions dollars senior montedison executive said member montedison management committee told reporters research institute international park california acted partner purchase acquiring stake pct based california biotechnology research laboratory said price paid included outlays laboratory technology staff said negotiations way biotechnology companies health care sectors montedison health care subsidiary nv gave details hope concluded year end said montedison currently invests around billion lire year biotechnology research expects increase figure around billion lire next years reuter
iowa resources inc declares qtly dividend qtly div cts vs cts prior pay may record april reuter
nova wins government husky hyo deal nova canadian company owns pct husky oil ltd said received government approval transaction union faith canada holding ltd would buy pct stake husky nova said minister regional industrial expansion michel cote ruled union faith purchase husky stake would result husky control non canadian company said ruling key condition completing deal union faith equally owned hutchison whampoa ltd hong kong electric holdings ltd agreement union faith husky become private company union faith nova holding pct stock nine pct husky would owned li shing chairman hutchison five pct canadian imperial bank reuter
industries ltd six mths jan net oper shr cts vs cts oper net vs revs mln vs mln note net excludes extraordinary loss dlrs four cts vs shr vs yr ago loss dlrs cts shr net includes non cash loss dlrs cts shr vs yr ago loss dlrs cts shr depreciation amortization allowances u cable tv operation fewer shrs outstanding reuter
ccc accepts bonus bid cattle egypt usda commodity credit corporation accepted bid export bonus cover sale head dairy cattle egypt u agriculture department said delivery period cattle april june said bonus dlrs per head made nevada inc paid form commodities ccc inventory additional head dairy cattle still available egypt export enhancement program initiative announced september department said reuter
senate proxmire urges curbs takeovers senate banking committee chairman william proxmire called curbs hostile corporate takeovers new restrictions risk arbitrageurs least high time require risk arbitrageurs register specifically securities exchange commission consider brokerage firms employers investing owning securities issued third party risk arbitrage operations proxmire said start hearing corporate takeovers burning issue must whether ought complete future risk arbitrage investment banking proxmire said said concerned hostile takeover attempts hurting economy view shared corporate executives hearing believe takeovers become favor financial remedial action required usx corp chairman david said congress allow takeover game continue would economic champion international corp chairman andrew added reuter
advanced computer techniques year net shr cts vs cts net vs revs mln vs mln reuter
chase amp bank lower australian prime rate pct tomorrow
seaman strike continues marines ships brazilian marines today working ships local port national strike seamen entered th day without signs agreement halt first national strike seamen years started february union leaders said would return work unless received pct pay rise shipowners offered pct raise seamen rejected television reported port operating full speed true striking seaman told reuters marines best manpower experience control situation quick period said port officials said national halt already caused losses estimated mln dlrs despite presence marines reports incidents reuter
total u copper stocks lower january total copper stocks held u rod mills refiners including scrap rod process material dropped lbs end january lbs end december american bureau metal statistics said rod stocks held refiners rod mills decreased lbs january lbs december cathode inventories rod mills fell lbs january lbs december stocks lower lbs versus lbs december december rod mill use nearly doubled lbs january lbs december cathode use mills refiners increased lbs january lbs december reuter
preferred healthcare ltd th qtr net shr six cts vs four cts net vs revs vs mths shr cts vs cts net vs revs vs reuter
blockbuster entertainment corp year loss oper shr loss dlrs vs loss cts oper net loss vs loss revs vs note net excludes dlr gain discontinued operations net includes tax credits dlrs vs dlrs reuter
sterivet sets three one share split sterivet laboratories ltd said board authorized three one split outstanding common shares subject shareholder approval annual meeting reuter
u k money market shortage forecast revised bank england said revised estimate deficit system today mln stg mln reuter
tek corp make acquisition tek corp said signed letter intent acquire voice systems services inc undisclosed amount stock said completion acquisition would change name voice systems services inc said systems received dlr contract provide communications dallas systems service located throughout u also contracted provide systems administration communications reuter
saudis drop condition oil sale brazil saudi arabia dropped condition brazil secure international bank guarantees arabia would ship oil state oil company petrobras said statement petrobras said saudis accept banco brasil credit guarantees petrobras cancelled mln dlr crude oil purchase saudis yesterday refused accept letter credit official bank brazil saudis demanded brazil get credit guarantees leading international banks petrobras said saudis advised change mind monday petrobras would negotiate purchase oil producers petrobras statement said shipment mln barrels made saudis march scheduled shipment part contract signed february saudis supply brazil barrels per day june reuter
unocal ucl unit cuts crude oil posted prices unocal corp union oil co said lowered posted prices crude oil one dlrs barrel eastern region u effective feb union said dlrs cut brings posted price u benchmark grade west texas intermediate dlrs louisiana sweet also lowered dlrs dlrs company said changes made union posted prices west coast grades crude oil company said reuter
grain elevator burlington iowa grain elevator burlington iowa today leaving five injured elevator operated archer daniels midland co ill terminal elevator mississippi river doug snyder assistant vice president said cause explosion extent damage elevator known reuter
france announces plan boost employment government announced three billion franc program combat long term unemployment amid speculation among political economic analysts period economic package presented cabinet prime minister jacques chirac social affairs labour minister today financed billion franc contingency fund announced february finance minister edouard balladur previously ruled reflationary program long term unemployment defined work one year affects people one third french unemployed government figures show main measures employment program give employers financial incentives offer short term work contracts least two years stress help long term unemployed return labour market training subsidies social security contributions main incentives employers companies tell us give strong incentive take people fallen labour market proposals costly aide said analysts said speculation government considering reflationary program sparked chirac spokesman denis said yesterday ministers generally agreed economy appeared statements balladur ruling economic stimulation despite government revision growth forecast pct finance ministry officials later remarks saying question move stimulate economy boost consumer spending although government policy allowed increased industrial investment proceeds france five year privatisation plan budget allowed billion francs revenue privatisation split repaying national debt providing state enterprises fresh capital political analysts said comments possibly reflect widening differences within coalition social issues ahead next year presidential elections divisions began show last december wave strikes led transport workers paralysed country drove government new mood labour officials said success privatisation cie de saint gobain pa cie financiere de paribas pari pa government decided speed five year privatisation program aim completing third year ahead presidential elections expected accelerated program could provide additional revenue boost industrial research investment spending infrastructure national network government also today proposal blocked last year socialist president francois encourage flexible working hours says boost jobs improving competitiveness french industry proposals allowing night shift work women standard hour working week put parliament self contained draft bill vetoed procedural reasons later council state reuter
corp nine months dec shr loss cts vs profit eight cts net loss mln vs profit revs mln vs mln note net includes negative effect accounting change five cts share reuter
bankamerica bac sell german banking unit bankamerica corp said agreed sell bankhaus centrale credit ag german consumer banking subsidiary german credit card operations banco de spain terms disclosed deal expected close second quarter bank holding company said bankhaus centrale credit branches total assets mln marks year end credit card operation services visa card holders merchants germany said reached later bankamerica spokesman said company would record pretax gain mln dlrs transactions spokesman declined however disclose price paid operations banco de terms deal reuter
southern new england telecom declares div qtly div cts vs cts prior pay april record march note company full name southern new england telecommunications corp reuter
silver state mining corp ssmc th qtr net shr one ct vs one ct net vs revs vs year shr seven cts vs one ct net vs revs vs reuter
dixons group said accepts pct cyclops shares tender
first federal merging bankeast first federal bank fsb said entered letter intent merge bankeast corp dlrs per first federal share bankeast common stock first federal said subject certain adjustments including first federal earnings prior close deal share common stock shall converted less shares shares bankeast common first federal said proposed move also subject execution definitive agreement regulatory approval approval first federal shareholders reuter
total still expects billion franc loss french oil group total cie francaise des petroles tpn pa still expecting billion franc consolidated net loss including minority interests taking account stock losses billion francs company said communique board meeting late january group president francois told journalists slump oil prices weak dollar caused stock depreciation turning consolidated net profit losses stocks six billion francs consolidated net loss billion francs earlier today president total refining distribution subsidiary cie de distribution total france pa told journalists marked return profit subsidiary stock depreciation made net profit stock depreciation currency factors billion francs last year billion loss net loss last year taking account depreciation well currency fluctuations billion francs billion loss sales fell pct mln tonnes mln due growth imports independent distributors following relaxation regulations said subsidiary expecting cut workforce year last year job reduction scheme eventually save group mln francs said concerning business said january good month situation deteriorated february reuter
pechiney signs letters intent soviet union pechiney pa said signed two letters intent soviet union covering setting packaging packaging materials joint ventures said one proposed venture would produce aluminium packaging food cosmetics envisaged pechiney putting together consortium european partners set packaging equipment manufacturing unit soviet union pechiney spokesman said two working groups would prepare detailed projects next three months said soon estimate financial value two ventures reuter
del e webb investment th qtr net shr eight cts vs cts net vs revs vs year shr cts vs cts net vs revs vs del e webb investment properties inc reuter
american th qtr net oper shr profit cts vs loss six cts oper net profit vs loss revs mln vs mln avg shrs vs year oper shr profit dlrs vs profit three cts oper net profit vs profit revs mln vs mln avg shrs vs note current qtr figures exclude gain discontinued operations dlrs cts per share vs loss dlrs cts per share current year figures exclude gain discontinued operations dlrs cts per share vs loss dlrs cts per share reuter
afg afg wagner brown bid gencorp gy general partners controlled privately held wagner brown afg industries inc said started tender offer common shares gencorp inc associated defensive preferred share purchase rights dlrs share gencorp stock closed yesterday composite tape trading dlrs share two dlrs day newspaper advertisement general partners said offer withdrawal rights expire april unless extended general partners said offer conditioned receipt sufficient financing buy shares fully diluted basis receipt enough shares give general partners least pct voting power fully diluted said offer also conditioned gencorp defensive rights general partners satisfied rights general partners obtaining federal communications commission special temporary authorization allowing completion acquisition gencorp shares general partners said would set voting trust arrangements pending review long form application fcc approval acquisition control gencorp broadcasting subsidiary partnership said offer conditioned gencorp management withdrawing proposals amend company incorporation code regulations provide increase authorized common shares classified board directors elimination cumulative voting latter two changes would make harder minority shareholders elect directors general partners said asking gencorp shareholder lists help offer gencorp mln shares outstanding making value offer billion dlrs last fall afg wagner brown offered acquire lear siegler inc billion dlrs withdrew offer higher bids emerged due tax reform act lear siegler eventually went private billion dlrs gencorp involved tire aerospace well broadcasting company faces challenges two television radio station licenses partly failed fcc improper foreign payments political contributions gencorp agreed sell new york area television station wor mca inc mca mln dlrs los angeles station khj walt disney co dis mln dlrs investor group los angeles license would also receive mln dlrs disney year ended november gencorp earned mln dlrs sales billion dlrs gencorp spokesman said offer came surprise company yet position comment bid reuter
subroto sees oil market continuing bullish indonesian energy minister subroto said sees oil market continuing bullish underlying demand expected rise later year told press conference jakarta end two day meeting south east asian energy ministers saw prices stabilizing around dlrs barrel sentiment market bullish think continue way demand go third fourth quarters subroto said asked prospect oil prices said think stabilise around dlrs although little turbulence course spot price fluctuate official price remain dlrs added reuter
u senate trade leader concerned canada chairman u senate committee jurisdiction trade said concerned resolution bilateral trade negotiations adopted canadian house commons last week resolution supports negotiation bilateral trading agreement united states protecting canadian political sovereignty social programs agricultural marketing systems auto industry canada cultural identity senate finance committee chairman lloyd bentsen said resolution may proposed free trade agreement two countries largest trading partners need free trade agreement means countries work toward deal mutually beneficial comprehensive large agreement texas democrat said statement question canada right protect political sovereignty cultural identity however mean government canada means take important economic issues table negotiations deeply concerned added bentsen said canada trade different ways united states uses six trade restriction methods said canada proposes agreement countries get six methods trade restriction would fair might win senate approval deeply concerned president visits prime minister brian mulroney next month presented kind argument hope makes clear canada mutually beneficial agreement successful bentsen said reagan mulroney scheduled meet april ottawa bentsen urged mulroney withdraw proposal would ban imports independently produced films canada non canadians senator called protectionist measure reuter
u k money market deficit forecast revised upwards bank england said revised estimate shortage money market today billion stg taking account early operations earlier bank forecast deficit billion stg gave mln stg assistance early round bill offers reuter
heart federal sets two one split heart federal savings loan association said board declared two one stock split payable april holders record april company said split subject shareholder approval april annual meeting increase authorized common shares mln five mln reuter
sea containers ltd th qtr loss shr loss dlrs vs loss cts net loss mln vs loss revs mln vs mln mths shr loss dlrs vs profit dlrs net loss mln vs profit mln revs mln vs mln avg shrs vs reuter
sea containers expects better first qtr sea containers ltd predicted first quarter fiscal net earnings would improve mln dlrs period year ago company said got much better fiscal company recorded loss mln dlrs dlrs per share revenues mln dlrs james president company said expects record loss approximately mln dlrs first quarter compared losses approximately mln dlrs first quarter fiscal company emphasized first quarter traditionally slow period ferry industry part sea containers business said company losses largely attributable non recurring events provisions cited default container ship costing company approximately mln dlrs also cited mln dlr cost result closing two subsidiary ferry services mln dlr provision cover losses sale container assets severance pay costs reuter
liquidating trust year net shr dlrs vs cts net vs revs vs note net includes gain two mln dlrs reduction loss allowance undeveloped land reuter
killearn properties inc rd qtr net qtr ends jan shr cts vs eight cts net vs revs vs nine mths shr cts vs cts net vs revs vs reuter
mci president sees profit improvement mci communications corp president roberts said expects mci financial performance improve current quarter compared previous quarter said american telephone telegraph co long distance rate cuts cut mci fourth quarter performance added going continuing impact profits expect quarter better fourth quarter current quarter ends march fourth quarter mci reported mln dlr loss due mainly write offs staff reductions roberts said att long distance rate reductions ordered federal communications commission significantly negative impact profits reported earlier today mci said plans ask fcc immediately deregulate att apparently hopes att would greater proportion revenues rather cut rates reuter
bolivian miners call general strike miners employed state corporation comibol declared general strike midnight gmt press higher salaries statement federation bolivian mine workers said said strike called defend nationalised mining industry miners willing negotiate government president victor paz estenssoro showed intention meet strikers demands government said strike designed cause four day visit west german president richard von weizsaecker starts friday miners statement said police comibol office workers city began hunger strike yesterday government miners deficit ridden corporation since collapse international price tin lay offs represent two thirds original workforce reuter
dow chemical co dow unit increases prices dow chemical co said engineering department increase selling prices standard grades abs resins three cts per pound also announced increase five cts per pound performance grades resins increases effective april reuter
county increases tesco stake hillards county ltd acting concert tesco plc tsco l mln stg supermarket chain operator hillards plc purchased hillards ordinary shares p per share statement said purchases together made county march represent pct hillards issued ordinary share capital said tesco offer made march values hillards ordinary share p pct premium previous day closing price cash alternative p made available reuter
altex resources ltd year net shr six cts vs eight cts net vs revs vs reuter
coleman sees st qtr charge coleman co said expects first quarter charge earnings mln dlrs cts share result voluntary program replace heat early model series high efficiency residential gas company said extensive testing indicates problem found safety related coleman said noted increasing number heat certain made march december returned reuter
industries ltd year net oper shr cts vs cts oper net vs revs mln vs mln note current shr net exclude extraordinary loss dlrs dlrs shares versus extraordinary loss dlrs two cts share prior year reuter
snyder makes cenergy exchange offer snyder oil partners l p told securities exchange commission made exchange offer cenergy corp would allow snyder acquire pct company common stock exchange offer proposed yesterday cenergy officers directors share cenergy common stock could exchanged dlrs market value snyder limited partnership units snyder said proposal snyder already holds cenergy common shares pct total could boost cenergy stake total pct said snyder say whether received response proposal cenergy acquires pct stake snyder said sec filing would use stock obtain beneficial interest company assets liabilities said decided next move exchange proposal lead negotiations cenergy snyder said may boost stake sell current holdings repeated statement made initial sec filing last month considering several alternatives including seeking control cenergy reuter
bp units seek five billion dlr revolving credit bp international bp north america seeking five billion dlr four year syndicated credit facility support british petroleum co plc tender offer pct standard oil co already morgan guaranty trust co new york said facility guaranteed british petroleum co plc bp l probably largest credit facility ever arranged europe bond analysts said full terms announced either later today tomorrow morning bp said earlier planned tender offer pct standard already dlrs share cash financing arranged morgan guaranty take form fully committed revolving credit announced earlier bp also arranging u commercial paper program connection tender part used support program exact size u program decided dealers yet chosen credit facility also allow borrower issue cash advances maturities one three six months tender panel comprised banks committed facility despite unprecedented size euromarket facility morgan guaranty said syndicated among bp relationship banks result banks offered lead manager status mln dlrs co lead management mln manager mln although pricing many credit facilities become extremely fine recent years keen competition win morgan guaranty said banks would compensated fairly since special purpose facility must completed quickly signing expected days reuter
american buy cable system american corp said agreed principal buy cable television system los angeles county heritage communications inc mln dlrs company said system purchased serves subscribers south el hawaiian communities athens east said acquisition bring seven number cable systems owns manages agreed buy los angeles area reuter
australian broad money growth pct february australian annual broad money growth rose pct february unchanged january corresponding february growth rate pct reserve bank said february broad money growth steady pct previous month unchanged february last year borrowings private sector non bank financial rose pct february year january pct rise compared pct increase previous february year february borrowings private sector non bank financial rose pct compared january pct increase previous february rise pct end february broad money stood billion dlrs january billion compared previous february level billion reserve bank last week reported february growth rate pct january pct rise previous annual february increase pct reuter
u bank discount borrowings average mln dlrs day march week fed says
trade says ec sugar tender hard forecast traders paris said results today ec white sugar tender hard forecast plans group french west german dutch belgian operators sell one mln tonnes sugar intervention london traders said bids licences reported ecus per kilos licences granted likely towards lower end range possibly ecus traders paris said expect maximum rebates ecus commission sugar export likely tonnage expected small london traders said french sources declined estimate volume view impact planned sales intervention protest ec export policies last week licences tonnes awarded maximum rebate ecus reuter
japan aluminium output falls february japanese aluminium output fell tonnes february january year earlier preliminary international trade industry ministry figures show output fell sharply year ago aluminium firms stopped smelting past year due cheap imports industry sources said sales end month stocks tonnes feb jan feb sales stocks reuter
argyll sells subsidiary assets mln stg food drink retailer argyll group plc l said agreed sell u k subsidiary george morton ltd united kingdom ltd mln stg cash consideration morton fixed assets stocks debtors goodwill payable completion sale disposal bring argyll extraordinary credit mln stg argyll added agreements also depend indication u k office fair trading june sale referred monopolies commission argyll shares p firming announcement reuter
berliner bank outlines losses berliner bank ag suffered losses mln mln marks credits extended stuttgart branch bank officials exceeded powers bank spokesman said spokesman queries press reports said could rule possibility final loss figure may slightly range late last week bank said losses credits stuttgart would double millions reuter
court blocks delta western airlines merger u appeals court last night blocked mln dlr merger delta airlines inc n western airlines hours go effect dispute union representation ruling came lawsuit air transport employees union said western management fulfil promise honour union contracts merger took place airlines argued western promise could enforced takeover larger company airlines officials could reached comment ruling merger arbitration dispute completed reuter
german march cost living data confirmed cost living unchanged march compared february stood pct lower month federal statistics office said confirms provisional figures released end last month february cost living west germany rose pct january stand pct lower february reuter
firs slightly raises ec beet sugar output estimate french sugar market intervention board firs raised estimate beet sugar production member european community mln tonnes white equivalent end february report mln month earlier forecast total ec sugar production including cane rose mln tonnes mln portugal joined community january estimated mln tonnes white equivalent unchanged previous forecast compared mln tonnes production current campaign spain higher reported last month mln tonnes compared tonnes beet sugar production expressed white equivalent estimated mln tonnes france mln tonnes west germany mln italy mln britain mln netherlands tonnes belgium luxembourg denmark greece ireland portugal reuter
america inc ups payout qtly div cts vs cts prior pay may record april reuter
industries inc th qtr shr loss cts vs loss cts net loss vs loss mln revs mln vs mln year shr loss dlrs vs profit cts net loss mln vs loss mln revs mln vs mln reuter
jewelmasters sees net estimates jewelmasters inc said expects report net income year ended january pct analysts estimates dlrs cts per share jewelmasters sales sales year ended mln dlrs prior year earned dlrs sales mln dlrs jewelmasters said net income year hurt disappointing sales december january high level advertising spending fourth quarter higher expected opening expenses additional units adjustment inventory associated shift comprehensive inventory system jewelmasters said expects report audited results fourth quarter year three weeks reuter
rotterdam port subsidy end july minister dutch social affairs minister de graaf announced withdrawing annual mln guilder labour subsidy rotterdam strike hit general cargo sector july late last month de graaf said dispute settled monday week would withdraw subsidy chairman port employers organization jacques said unhappy decision added alternative proceeding redundancy plans series strikes sector started january protest employers plans make redundancies strong workforce starting year meanwhile port transport union fnv attacked loss figures given port year figures issued accountants behalf put total losses last year mln guilders mln earlier employers put figure around mln fnv said actual losses nearer mln said employers inflated figures part plan restructure completely port general cargo sector reuter
swiss consumer prices rise one pct march swiss consumer prices rose one pct year march rise year february pct year march federal statistics office said march alone prices rose pct pct rise february march index base february statistics office said march increase reflected rises certain sectors food clothing household goods falls transport heating lighting home produced imported goods rose pct month year whole domestically generated inflation reached pct offset pct drop imports reuter
inc abs raises qtly dividend shr cts vs cts pay may record may eight reuter
noranda buys shares group noranda inc said agreed buy initial treasury shares group inc dlrs per share noranda also option june acquire additional treasury shares dlrs per share largest hazardous waste management company canada reuter
caesars caw comment mts talks caesars world inc declined immediate comment news martin sosnoff mts acquisition corp held preliminary talks two companies possibility forming joint venture pursue acquisition caesars earlier today mts said held talks pratt hotel corp prat southmark corp sm forming venture acquire caesars mts also reported received negligible number caesars world shares response dlr per share tender offer earlier month caesars world rejected sosnoff takeover bid said considering alternatives include restructuring sale company another party reuter
sec clarifies position tender offer changes securities exchange commission corporate raiders others tendering shares companies must extend period offers open key conditions changed specifically agency said making tender offers companies stock must extend offers decide eliminate conditions requiring minimum number shares tendered order offers valid tender offers include minimum share conditions result purchaser would bound buy shares tendered minimum level reached interpretation current rules officials said clarifies sec present position agency said tender offer must extended minimum share condition waived even purchaser reserved right interpretation makes clear minimum share condition material change tender offer u securities law sec officials said sec already said specific material changes changes percentage securities sought price offered made course tender offer require day extension offer length extension aimed giving shareholders adequate chance assess revisions tender offer specified cases minimum share conditions waived sec officials said length extension cases would depend facts circumstances surrounding case would generally five days agency cited two recent tender offers waivers minimum share tried last day offer denying shareholders chance react new information officials declined identify two offers bidder makes material change near end offer extend offer permit adequate sec said federal securities law requires tender offers remain open least business days reuter
nakasone microchip dispute prime minister yasuhiro nakasone intervened try resolve japan escalating dispute u semiconductor trade government officials said today cabinet meeting nakasone told trade industry minister hajime tamura efforts calm u anger sees japan unfair trade practices semiconductors nakasone intervened two days scheduled meeting reagan administration economic policy council consider whether japan reneging microchip pact u pact agreed last year months negotiations calls japan stop selling cut price chips world markets raise imports u semiconductors senior u officials accused tokyo failing live accord threatened retaliatory action yesterday tamura ministry international trade industry miti launched last ditch attempt salvage pact writing letters u policy makers setting japan case telling japanese chip makers cut output letter contents released today tamura said miti survey carried beginning march showed japanese producers selling cut rate prices asian markets separate letter sent senior u officials miti vice minister international affairs makoto kuroda suggested two countries could conduct joint investigation allegations japanese chip dumping markets reuter
ec commission details sugar tender european community commission confirmed granted export licences tonnes current series white sugar maximum export rebate european currency units ecus per kilos traders west germany received tonnes u k denmark tonnes france tonnes reuter
royalty sets monthly payout e royalty trust said monthly dividend january unitholders cts per unit payable april holders record april six previously reported pending ruling internal revenues service trust distribution may reduced dlr per unit plus interest spread life productive properties trust interest said working interest owner irs sent notice deficiency owner tax return evaluating necessity funds would significantly reduce royalties paid trust reuter
tony buy texas inc tony co inc said signed letter intent buy texas inc maker components company said exact terms deal determined expect acquisition material effect financial position addition buying substantially assets tony said would assume certain company liabilities reuter
american home shield corp th qtr net shr profit cts vs profit cts net profit vs profit revs mln vs mln mths shr profit cts vs loss one cts net profit vs profit revs mln vs mln note revenues figure shows contract revenue gross contracts written fourth quarter full year includes extraordinary gain dlrs dlrs respectively tax loss carryforwards per share figures come preferred dividend requirements reuter
inc rd qtr jan loss shr loss cts vs loss cts net loss vs loss revs vs avg shrs mln vs mln nine mths shr loss one dlr vs loss dlrs net loss vs loss revs vs avg shrs mln vs mln reuter
nestle acquire nabisco canada businesses swiss based nestle nestle enterprises ltd unit said signed letter intent acquire nabisco brands ltd club chase businesses undisclosed terms nestle said final agreement subject required approvals would signed shortly businesses involved deal provide products hotels restaurants parts food beverage industry nabisco pct owned rjr nabisco inc rjr reuter
anacomp gets funds buy datagraphix anacomp inc said finalized financing mln dlrs purchase datagraphix inc general dynamics corp financing arranged drexel burnham lambert consists mln dlrs bank financing private placement mln dlrs senior subordinated notes mln dlrs convertible preferred stock said datagraphix manufacturer equipment merged anacomp operated separate division anacomp said division expected improve results anacomp year reuter
idea inc idea buy private firm idea inc said signed letter intent buy privately held structural instrumentation inc purchase undisclosed sum made mostly idea common stock company said idea said purchase add cts per share fiscal earnings idea reported earnings four cts per share quarter ended october reuter
u commercial paper falls mln dlrs feb week fed says
k international inc th qtr net oper shr profit cts vs loss dlrs oper net profit vs loss revs mln vs year oper shr profit cts vs loss dlrs oper net profit vs loss revs mln vs mln note net includes pretax unusual gain dlrs vs loss dlrs quarter losses dlrs vs dlrs year items include settlement patent suit provision investment writeoff item provision loss sale scale business net periods excludes dlr tax credit reuter
restaurants inc st qtr feb net shr profit dlrs vs loss cts net profit mln vs loss revs mln vs mln note current year net includes gain dlrs sale specialty restaurants unit charge dlrs addition insurance reserves dlr tax credit dlr charge debt repayment reuter
corp rd qtr jan net shr one ct vs five cts net vs sales vs nine mths shr cts vs cts net vs sales mln vs mln reuter
inc year net oper shr cts vs cts oper net vs revs mln vs mln note oper excludes tax credits vs reuter
twa twa court settlement usair u trans world airlines inc said reached agreement yesterday federal court usair group inc twa buying additional shares usair agreement twa holds pct usair stock buy usair shares april date without giving days notice usair twa also agreed would interfere consummation merger usair piedmont aviation inc pie twa said court agreement confirms previous announcements company filings securities exchange commission presently intend seek control usair acquire additional common stock result agreement court removed previous temporary restraining order twa company said twa usair also agreed litigation pittsburgh delaware stayed april twa said agreement prevent commenting regulatory agencies usair piedmont merger separate statement usair said agreement also included provision usair shares currently owned twa chairman carl icahn voted voting trust proportion votes shares controlled twa icahn reuter
miles laboratories inc th qtr net net vs sales mln vs mln year net vs sales billion vs billion note company subsidiary bayer ag west germany figures exclude miles animal health business sold jan corp another bayer ag affiliate reuter
cos inc sets quarterly qtly div cts vs cts prior pay may record april six reuter
danish unemployment falls pct february denmark seasonally adjusted unemployment rate fell pct workforce february pct january pct february national statistics office said total number unemployed february january february reuter
industries seeks buyer company industries inc said retained tucker anthony r l day inc seek purchasers company units issued details company makes steel chemical petrochemical oil industries earned dlrs cts share nine months ending september sales mln dlrs period reuter
american corp year net shr cts vs cts net vs sales mln vs mln note th qtr figures given reuter
midland sets stock split midland co said board declared two one stock split subject approval doubling authorized common shares annual meeting april increase quarterly dividend cts pre split cts dividend payable april record march split would payable may record april reuter
gnb leveraged buyout french unit gnb inc said joined management french company compagnie francaise electro purchase company undisclosed amount french company produces lead acid sales mln dlrs gnb said reuter
may sell division may department stores co said signed agreement sell specialty store division investment group includes senior management may said expects close deal includes entire division employees april women apparel stores indiana ohio illinois kentucky michigan may said may added indiana national bank provided portion deal financing reuter
china says possible good harvest despite drought china summer grain harvest may good despite serious drought state council cabinet spent one billion yuan anti drought work hong kong newspaper said wen said drought affected eased march rains south china march north new projects come use drought worsen hope harvest quoted experts ministry electric power saying gave figures summer grain harvest record mln tonnes mln total grain harvest mln target mln reuter
p c inc year loss shr loss cts vs loss cts net loss vs loss sales vs reuter
inc gros th qtr loss oper shr loss nine cts vs profit cts oper net loss vs profit sales mln vs mln year oper shr profit cts vs loss cts oper net profit vs loss sales billion vs mln note net includes discontinued operations gain dlrs vs loss mln dlrs quarter losses mln dlrs vs mln dlrs year net includes loss dlrs vs nil quarter gain mln dlrs vs loss dlrs year settlement liabilities plan reorganization chapter bankruptcy quarter net includes dlr provision loss future store closings offset reduction pension liabilities reuter
electronics corp th qtr jan three shr loss eight cts vs loss eight cts net loss vs loss revs vs year shr profit eight cts vs profit four cts net profit vs profit revs mln vs mln note quarter net includes tax credits dlrs vs dlrs reuter
investors raise stake purolator pcc two new york management investment firms told securities exchange commission increased holdings purolator courier corp pct pct mutual shares corp mutual qualified income fund inc said weighing offers buy purolator shares pc acquisition inc unit e f hutton lbo inc dlrs share eaf acquisitions corp inc unit emery air freight corp dlrs told commission bought new purolator shares march dlrs reuter
dome petroleum takes writedowns totalling billion dlrs
merrill lynch mer talks canada purchases merrill lynch co inc holding talks acquiring canadian brokerage firms company spokesman told reuters said one firms merrill lynch negotiating burns corp toronto already received offer security pacific corp spc pct owned hoare govett ltd london based brokerage unit hoare govett bid valued mln u dlrs spokesman said talks result change ontario securities laws takes effect june currently companies outside canadian securities industry prohibited owning pct canadian broker june foreign brokers allowed pct canadian brokers percentage rise pct year later reuter
empire carolina inc year net shr dlrs vs cts net vs revs mln vs mln avg shrs vs note results restated include corp investment equity method reuter
french february year year inflation pct vs three pct january official
att chairman says dividend cut american telephone telegraph co plan reduce regular quarterly dividend cts share common stock said james e olson chairman intent set dividend level could sustained ups downs business cycle olson told meeting securities analysts see reason change policy said although att maintain current dividend olson said company wants decrease percentage earnings paid dividends increasing earnings industry analysts speculated att might cut common dividend especially company posted fourth quarter net loss billion dlrs earned five cts share full year loss included one time restructuring charge billion dlrs olson said expects att cash flow remain strong despite poor earnings reuter
telephone support systems inc rd qtr nov end shr four cts vs cts net vs sales vs year shr cts vs six cts net vs sales vs reuter
seeks sell two units corp said seeking sell electrical instrument corp subsidiary ohio division estates ill part plan concentrate three profitable division reduce debt load company also said evaluating plan satisfy obligations pct subordinated notes gave details interest notes due today said director l alexander jr resigned board gave reason said shareholders annual meeting approved limitation directors liability reuter
metro mobile declares dividend metro mobile cts inc said declared pct stock dividend dividend distributed april holders record march reuter
u completions fell pct january u completions new homes fell pct january seasonally adjusted rate mln units mln december commerce department said january fall came strong pct rise november rate mln units brought completions pct january level mln units january completions single family units rose pct seasonally adjusted mln units mln units december multi family units fell pct units january department said reuter
royal dutch shell group cos th qtr net shr royal dutch petroleum co rd dlrs vs dlrs final royal dutch dividend guilders total guilders vs guilders shr shell transport trading co plc dlrs vs dlrs final shell transport dividend pence total pence vs pence group net billion vs billion group sales billion vs billion year shr royal dutch dlrs vs dlrs net shell transport dlrs vs dlrs group net billion vs billion group sales billion vs billion notes group pct owned royal dutch pct shell transport dollar amount royal dutch dividend depend guilder dollar exchange rate may final dividend payable june holders record may shell transport dividend per share results based new york shares equal four ordinary shares dollar final dividend determined sterling dollar exchange rate may current rate tax credits equal dlrs final dividend payable may holders record april fourth quarter u dollar figures group translated sterling average rate exchange quarter dlrs per pound dlrs full year u dollar figures sum sterling u dollars first second third fourth quarters net includes inventory gain mln dlrs vs loss mln dlrs quarter loss billion dlrs vs loss mln dlrs year lifo accounting used company said royal dutch per share net would dlrs vs dlrs quarter dlrs vs dlrs year shell transport per share net would dlrs vs dlrs quarter dlrs vs dlrs year net includes restructuring credit mln dlrs vs charge mln dlrs quarter credit mln dlrs vs charge mln per share impact restructuring royal dutch credit cts vs charge cts quarter credit cts vs charge dlrs year shell transport credit cts vs charge cts quarter credit nine cts vs charge cts year net also includes currency exchange losses mln dlrs vs mln dlrs quarter mln dlrs vs mln dlrs year exchange losses per share impact royal dutch cts vs cts quarter cts vs dlrs year shell transport eight cts vs cts quarter cts vs cts year reuter
australian unemployment eases february australia seasonally adjusted unemployment rate eased pct estimated workforce february pct january compared pct year earlier statistics bureau said number unemployed declined january february said unadjusted number jobless rose pct workforce pct january pct year earlier reuter
pri pri buy shell rd hawaii gas stations pacific resources inc said signed definitive agreement royal dutch shell group unit shell oil co buy shell marketing distribution assets hawaii mln dlrs purchase would include shell interest retail gasoline stations four petroleum product terminals pri said company said expects transaction completed september pact includes provisions allowing continued use shell trademark credit cards sale shell brand products gasoline stations pri said pri said shell brand products sold agreement manufactured shell reuter
coca cola spokesman said rumors coke seeking takeover wendy correct
swiss unemployment falls pct february swiss unemployment edged pct working population one pct january february federal office industry trade labour said seasonally adjusted however slight rise unemployment number work fell compared previous month number positions registered employment offices stood january reuter
corp year loss shr loss cts vs loss dlrs net loss mln vs loss mln revs vs mln note current year includes writedown mln dlrs reuter
taft broadcasting says continue review options response latest bid
imo sets initial dividend imo said board declared initial quarterly dividend cts per share payable april holders record april reuter
french january payments surplus billion francs billion december surplus official
europe shipping exports africa pct volume european exports south africa carried container line vessels declined pct last two years british shipping executive said told reporters despite drop low freight rates shipping conference heads increase south africa strong act faith confidence country future chairman europe south south east african conference lines joint managing director p containers ltd statement issued conference said southern africa europe container service increased nine seven days positive development shipping front south africa main trading partners europe four years service last operated weekly said reuter
inc sets regular payouts qtrly class div five cts vs five cts prior qtrly class b div four cts vs four cts prior pay may record april note company changed date annual shareholders meeting june june due conflict reuter
llc llc amalgamated report six months net valhi inc reported earnings llc corp amalgamated sugar co six month period ended december effective march amalgamated merged llc changed name valhi following results reflect operations companies prior merger llc corp reported net income mln dlrs cts share revenues mln dlrs compared mln dlrs cts share revenues mln dlrs year ago year net includes extraordinary loss dlrs gain mln dlrs net included extraordinary gain mln dlrs valhi said amalgamated reported net income dlrs per share mln dlrs revenues mln dlrs compared net loss dlrs cts share revenues mln dlrs last year valhi said effective december changed fiscal year end june december reuter
vms strategic land trust sets payout vms strategic land trust declared initial dividend cts share payable may shareholders record april dividend represents pct annual return based company original offering price december dlrs share return guaranteed december company said trust invests short term junior mortgage loans total principal amount investments approximately mln dlrs reuter
buy fruehauf unit corp said agreed acquire stock corp wholly owned subsidiary fruehauf corp mln dlrs revenues mln dlrs transaction expected completed april subject regulatory approval reuter
corrected international corp net nd qtr shr four cts vs seven cts net vs revs vs mln st half shr four cts vs cts net vs revs mln vs mln note period ended february company corrects period march item reuter
zimbabwe dollar devaluation central bank zimbabwe reserve bank nation central bank denied zimbabwe dollar would devalued bank governor told herald daily newspaper unfortunate completely unfounded speculation depreciation zimbabwe dollar occur serious foreign exchange shortage february early part march speculation caused importers bring forward payments exporters delay long possible export receipts resulting significant slowdown net foreign exchange inflows added reuter
petrobras sees raising export fuel brazil state oil company petrobras export mln cubic meters fuel mln barrels company spokesman said said represents total sale worth mln dlrs volume pct higher sales totalled mln cubic meters mln barrels united states africa latin american brazil main fuel buyers spokesman said reuter
viacom via merger expected days sumner redstone president national amusements inc predicted win regulatory approvals billion dlr acquisition viacom international inc days redstone big entertainment early today group viacom managers financial decided top national bid counsel working time every region viacom cable systems redstone told reuters telephone interview redstone also said viacom committed working closely us obtain approvals viacom seeking approvals transfer broadcast licenses cable systems since september management group first advanced buyout plan redstone turned situation bidding contest announcement morning viacom independent directors behalf viacom entered merger agreement national national family business operates chain viacom redstone said talks night also prospect running leading electronic media company noted number motion picture u shown growth years nine satellite television channels operated viacom four motion picture oriented pay channels redstone said exclusive contracts pay television networks emerging trend recently could see motion picture pay channel redstone said noted viacom exclusive agreements two studios plans sign deal third company next month redstone said management group investment bankers paid due termination merger agreement fees could total mln dlrs company expense redstone said said bankamerica bac corp numerous inquiries lenders want participate billion dlr financing deal bankamerica provide mln dlrs merger viacom subsidiary national pct company public hands reuter
manufacturers hanover raises prime rate pct effective today
german tax cuts raised billion marks senior officials west german coalition government said tax cuts planned next year would increased billion marks line pledge made finance minister gerhard stoltenberg last month international monetary conference paris general secretary christian social union party cuts news conference also attended officials christian democratic union free democratic party said additional billion mark reduction would represent net tax relief increase revenue sources planned reductions added package tax cuts already planned amounting nine billion marks said three billion marks extra tax relief would accounted reducing rate marginal increase income tax increase personal tax allowances would save taxpayers billion marks extra tax allowances people whose would cut mln marks tax bill mln marks would accounted increasing level special small medium sized companies extra fiscal measures planned next year part general reform tax system come effect stoltenberg said paris part reform cut taxes gross billion marks would introduced next year ahead schedule west german government come pressure united states stimulate economy tax cuts stoltenberg said speech last night hamburg economy would continue expand year rate growth uncertain government said january aiming real growth gross national product year pct economists revised predictions two stoltenberg said remain course expansion whether two pct people believe around pct others expect even closer three pct world economic institute forecast days ago remains open moment reuter
hovnanian enterprises earnings rise hovnanian enterprises inc said company earnings year would exceed dlrs share previously announced could go high dlrs fiscal year ended feb company posted net earnings mln dlrs dlrs per share revenues mln dlrs fiscal year figures reflect two three two stock splits march august annual drexel burnham lambert construction conference hovnanian executive vice hovnanian said company expects earnings range dlrs dlrs per share fiscal total revenues year ending feb mln mln said reuter
general cinema sees flat net general cinema corp said expects flat net income fiscal ending oct mln dlrs dlrs share year ago company said costs restructuring carter hawley hale stores inc unit previous purchase pct stake plc lead flat net figure also said may raise stake pct made additional stock purchases far according restructuring carter hawley plans spin specialty stores including marcus goodman new company named marcus group whose shares trade new york stock exchange said previously announced general cinema pct equity pct voting shares new company restructuring subject approval carter hawley shareholders reuter
ecuador export oil four months official suspension ecuador crude oil shipments earthquake cut oil pipeline last least four months senior energy ministry official said official said ecuador could resume exports repairing km section km pipeline links jungle oil fields lago agrio balao pacific coast would take mln u dlrs repair pipeline official want named told reuters ecuador enough oil meet domestic demand days would import crude supplement stocks earthquake last thursday night registered six point international scale damage pipeline severe economic blow ecuador oil accounts two thirds total exports much pct government revenues financially pressed ecuador member organisation petroleum exporting countries opec recently pumping barrels per day bpd crude bpd output quota assigned cartel another energy ministry spokesman said last year exported average bpd according central bank however ecuador might build emergency km pipeline costing mln dlrs colombian pipeline first official said estimated could take days build ecuador squeezed slide world oil prices mln dlrs net international reserves end january equal one month imports suspended interest payments january billion dlrs owed private foreign banks country total foreign debt billion dlrs eighth largest latin america caracas president jaime lusinchi said venezuela would loan five mln barrels crude ecuador next three months make losses damage pipeline ecuador asked loan guarantee domestic supplies would ship equivalent volume back venezuela repayment may lusinchi said commission headed venezuelan investment fund minister including representatives interior defence state oil company petroleos de venezuela travel ecuador tuesday evaluate co emergency relief program said reuter
corp st qtr dec loss shr loss cts vs loss cts net loss vs loss revs vs avg shrs vs reuter
inc make acquisition inc said entered letter intent acquire international associates inc mln common shares transaction would give former shareholders control combined company makes accessories reuter
emery air freight said hutton group ends offer purolator courier
wickes companies wix completes sale unit wickes companies inc said completed sale supply division new company created management division paul president named president chief executive officer new company reuter
transamerica corp ta quarterly dividend qtly div cts vs cts pay april record april reuter
olson industries inc th qtr net oper shr cts vs dlrs oper net vs sales mln vs mln year oper shr dlrs vs cts oper net vs sales mln vs mln avg shrs vs note net excludes tax credits dlrs quarter dlrs year net excludes discontinued operations gain dlrs vs loss dlrs quarter gain dlrs vs loss dlrs year reuter
bow valley industries sets secondary issue bow valley industries ltd said filed preliminary short form prospectus canada united states secondary offering pct outstanding common stock common shares sold certain shareholders company said holdings inc holding company principally owned seaman brothers calgary charles trust montreal offering sell holding bow valley common shares balance offering owned directly indirectly various trusts jean charles proceeds expenses secondary offering bow valley industries common shares account selling shareholders company said shareholders engage salomon brothers inc distribution shares united states young ltd distribution canada reuter
allegheny beverage says group interested acquiring service america corp unit
twa twa sues usair u poison pill trans world airlines inc said filed suit delaware chancery court usair group inc board directors seeking poison pill anti takeover plan twa vice president general counsel mark buckstein said twa also sought judgement court dlr per share takeover offer usair would way usair possible buyout aviation inc pie buckstein said twa asked court enjoin enforcement usair shareholder rights plan poison pill provisions allow issue securities shareholders event hostile takeover bid aimed takeovers making expensive usair earlier today rejected twa offer saying twa bid attempt buyout piedmont usair also said counsel would investigate matter tonight spokesman usair said airline comment twa lawsuit usair respond however twa request department transportation permission buy pct usair stock place stock voting trust pending approval takeover usair said request together order take advantage regulatory would allow twa accomplish regulated environment actions would non regulated economy large usair called transportation department reject twa request reuter
congress video group inc rd qtr net qtr ends dec shr profit three cts vs loss three cts net profit vs loss revs vs avg shrs vs nine mths shr loss cts vs profit cts net loss vs profit revs vs mln avg shrs vs note net includes tax gain carryforward discontinued operations master merchandise group year prior reuter
national fuel gas co sets mail date national fuel gas co said mail date previously announced two one stock split june company announced split last week said record date split may reuter
levon resources reports improved gold assays levon resources ltd said checked gold assays howard congress british columbia property yielded higher gold grades reported january february said assays zone one averaged ounces gold ton levon previously reported zone averaged ounces gold ton levon said checked assays zone two averaged ounces gold ton levon resources said revised zone two assays compared previously reported averages ounces gold ton company also said intersected another vein feet west zone two assayed ounces gold ton reuter
road entertainment inc rd qtr net shr loss seven cts vs loss cts net loss vs revs vs avg shrs vs nine mths shr loss cts vs loss dlrs net loss vs loss revs vs mln avg shrs vs note prior year net includes tax credits dlrs quarter dlrs nine mths reuter
saatchi saatchi buys cleveland consulting advertising agents saatchi saatchi co plc said buying cleveland consulting associates inc initial consideration mln dlrs additional payments may made annually year ending march bring total consideration pct cleveland average post tax profits last two years period purchase cleveland step saatchi saatchi fast growing consulting industry company said said consulting operations provide platform major future expansion months ended march cleveland dlrs pretax profits forecasts one mln saatchi saatchi annual meeting today company reported particularly strong start current year profits sharply higher period last year saatchi saatchi shares rose one pence cleveland announcement p yesterday p close reuter
fed johnson sees inflation controlled federal reserve board vice chairman manuel johnson said inflationary pressures control noted wage price pressures moderate johnson told women group u seeing kind cost pressures past said trade imbalance serious trouble spot strong protectionist pressures translated policies could ultimately lead higher inflation high interest rate policy fed reuter
sees plus chrysler amc merger attorney general edwin said saw benefit proposed purchase american motors co amo chrysler corp c would return smallest u auto manufacturers american hands told house appropriations subcommittee consideration would part justice department review proposed merger said agency yet received formal notice merger would start review process chrysler made billion dlr bid buy amc french parent renault think one things recognized merger appears least good portion ownership american motors overseas hands put back american hands told subcommittee may one factors would judgment added renault currently holds pct amc reuter
alcoa aa sell american powdered metals aluminum co america said signed letter intent sell american powdered metals co subsidiary r w technology inc undisclosed terms completion expected early may american powdered makes metal parts various industries reuter
stock repurchase corp said board authorized purchase time time significant portion pct convertible subordinated debentures february said outstanding mln dlrs principal amount company also said plans redeem debentures june eight also declared regular quarterly dividend cts per share common payable may one shareholders record april reuter
patrick petroleum co year loss shr loss dlrs vs profit cts net loss vs profit revs vs mln avg shrs vs note current year includes tax credit dlrs reuter
thai money supply rises january thailand money supply rose pct estimated billion baht january increasing pct december bank thailand said said year year grew pct january pct increase december central bank said rose pct estimated billion baht january pct increase december year year expanded pct pct rise december reuter
jack winter inc th qtr jan loss shr loss cts vs loss seven cts net loss vs loss revs mln vs mln mths shr loss cts vs profit cts net loss vs profit revs mln vs mln reuter
tech data corp th qtr ends jan net shr cts vs cts net vs revs mln vs mln avg shrs vs mths shr cts vs cts net vs revs mln vs mln avg shrs vs reuter
immediate plans close refinery esso esso pa french subsidiary exxon corp xon said immediate plans shut one two refineries exxon new president lee r raymond said earlier could decide close french refinery esso spokesman said closure depended market refineries ability make money said port jerome west paris mer mediterranean benefitted new investment last year broken even stock losses port jerome refinery annual production capacity seven mln tonnes mer five mln spokesman added industry sources said plant dispose would mer single refinery port jerome refinery attached wider complex comprising petrochemical plant production plant raymond quoted saying published interview exxon reviewing worldwide refinery operations might decide close one french refineries reuter
partners call gencorp gy response unproductive general acquisition co said disappointed gencorp response tender offer asked company might give better value shareholders gencorp earlier urged shareholders reject dlr per share tender offer general acquisition affiliate wagner brown afg industries inc said studying financially superior alternatives general acquisition partnership called response unproductive particularly since tried discuss offer gencorp partnership said gencorp failed say would provide superior value yet continue attempt prevent satisfactory offer failing redeem poison pill poison shareholder rights plans make takeovers expensive gencorp said statement earlier planned put date rights trade separately common stock april april said extension subject extensions board conditional person acquiring beneficial ownership pct gencorp april general acquisition said confident offer completed timely manner using financial arrangements partnership statement urged gencorp management work facilitate transaction reuter
sumita says bank intervene necessary bank japan governor satoshi sumita said statement central bank intervene foreign exchange markets stabilise exchange rates necessary close cooperation major industrial nations sumita said bank take adequate measures including market intervention necessary line february paris agreement six major industrial nations canada britain france japan u west germany agreed cooperate stabilising exchange rates around current levels sumita statement issued dollar slipped yen hit record low inevitable exchange rates fluctuate system floating rates sumita said fact dollar plunged yen mean anything significant floating system said six nations agreed paris exchange rates prevailing broadly consistent underlying economic fundamentals substantial rate shifts could damage growth adjustment prospects countries paris statement said reuter
ec warns u japan trade tensions european community ec delivered japan united states trade hit relations community main trading partners ec foreign ministers meeting issued statement japan continued trade imbalance appealed greater effort country open markets ministers also issued statement saying moves u limit imports textiles warned community would react moves ec external trade commissioner willy de clercq already written u counterpart special u trade representative clayton yeutter outlining ec concerns ministers said u moves adding adoption measures would fail negative effect process multilateral negotiations started well bilateral relations unilateral u moves would leave ec option react according laws world trade body general agreement tariffs trade gatt said separate statement japan ec ministers said continued imbalance trade expect japan open market statement added ec continued insist japanese government must boost imports stimulate demand ministers also called european commission prepare report u japanese trade july year enable take action necessary one diplomat said call report showed ministers determined let japanese question drop wil back table diplomat said de clercq told journalists certain nervousness growing within community trade relations japan diplomats said community keen continue talking tokyo try solve problem rather costly damaging trade war reuter
pennzoil sees lower first qtr pennzoil co chairman j told meeting analysts company expects first quarter net considerably unusual item loss cts share reported year ago say large unusual item would still closing books first quarter final numbers said reuter
japanese shipyards form cartel cut output japan ailing shipyards approval fair trade commission form cartel slash production half total capacity one year effective april industry sources said approval follows act parliament passed last week designed help industry shed pct capacity march transport ministry officials said cartel comprising yards capable constructing ships gross tonnes limit output maximum three mln compensated gross registered tonnes shipbuilders association japan said industry sources said seek renew cartel belief demand remain sluggish last week temporary act parliament also allows shipbuilders receive favourable taxation terms plus billion yen compensation liabilities incurred job losses sale excess capacity billion yen allocated purchasing redundant land equipment shipbuilders ministry start drawing restructuring guidelines april yards implement guidelines september industry sources said reuter
cri insured ii estimates dividends cri insured mortgage investments ii inc said expects distribute dlrs per share operations dlrs including proceeds gain sale meadows mortgage january company today paid dividend dlrs per share first two quarterly payments september december cts cri said yet declared distribution park meadows loan disposition reuter
summit resources ltd year net shr given net vs revs mln vs mln reuter
cotton stocks cotton stocks deliverable new york cotton exchange cotton futures contract march reported bales unchanged previous day figure bales awaiting review bales awaiting reuter
national distillers dr closes almaden sale national distillers chemical corp said completed sale almaden inc heublein inc mln dlrs heublein former subsidiary rjr nabisco inc rjr recently acquired grand metropolitan plc almaden based san jose calif makes sells table wines well premium wines charles label reuter
india bought least eight cargoes sugar trade india bought eight cargoes white sugar buying tender week also gave sellers options sell extra eight cargoes prices traders said four international firms shared business gave sales two cargoes mar apr shipment sugar dlrs cif options two cargoes apr may brings recent options india given traders tonnes fixed prices makes future indian purchases dependent price fluctuations traders said dlrs cif sugar sold week discount dlrs current prices traders said reuter
best products co th qtr jan net shr profit dlrs vs profit cts net profit mln vs profit mln sales mln vs mln year shr loss cts vs profit eight cts net loss mln vs profit sales vs note current year net periods includes provisions restructuring operations dlrs quarter mln dlrs year latest year net includes dlr tax credit dlr loss debt extinguishment reuter
brazilian coffee rainfall following rainfall areas past hours parana state mm mm mm sao paulo state mm mm nil mm sao carlos nil sao nil reuter
ec comecon ends talks progress european community ec soviet led comecon ended talks made progress setting formal trade relations comecon refusal recognise west berlin part ec delegates said negotiators trying reach agreement draft joint declaration setting official relations years mutual non recognition john head ec delegation told reuters emerged final session made progress called another meeting officials asked named said comecon team refused accept clause draft declaration would recognise west berlin part nation ec treaty rome contracts agreements signed community must contain territorial clause west berlin integral part ec ec taking part three day talks said wanted territorial clause comecon said joint statement issued talks said progress made towards positions another meeting would necessary complete work decision principle set relations would require approval community council ministers executive committee comecon deputy director comecon heads east bloc delegation told reuters ahead today session narrowed differences range questions questions asked whether comecon would accept ec insistence joint declaration west berlin part community replied question contained draft side presented west german diplomats said would insist including clause west berlin ec comecon agreement talks followed earlier round two trading last september first ever direct talks ec soviet union establishing diplomatic relations january ec trades individual comecon member states despite non recognition comecon last year ec five billion dlr trade deficit east european states half deficit previous year due drop price soviet oil imported ec reuter
venezuela lend ecuador bpd crude venezuela lend ecuador barrels per day crude oil next months help meet export commitments energy mines minister arturo hernandez grisanti said today said terms loan agreed visit week ecuador deputy energy minister fernando santos alvite ecuador begin repaying loan august hernandez grisanti said loan go part way offsetting loss ecuador exports caused earthquake damage miles pipeline last week ecuador forced suspend exports pipeline jungle oil fields pacific port balao put action venezuela output quota bpd ecuador bpd santos alvite said ecuador ask opec allow produce bpd quota pipeline repaired offset present production losses hernandez grisanti said also first barrels shipment venezuelan crude oil leave ecuador weekend help meet domestic consumption needs oil part five mln additional crude oil loan venezuela processed refineries supplied oil ecuador life country would ground halt said reuter
heritage communications special meeting heritage communications inc said expects hold special shareholder meeting may consider proposed acquisition investor group including members senior management tele communications inc tele company said seeking obtain regulatory approvals needed complete transaction shortly special meeting heritage said filed preliminary proxy materials securities exchange commission applied change control broadcast licenses federal communications commission heritage tele communications made required hart scott rodino filings federal trade commission justice department march respectively reuter
iran selling discounted crude japan traders say japanese customers bought nearly six mln barrels crude oil national iranian oil company substantial discount official price western traders received even larger discounts japanese traders involved transactions told reuters sold crude march shipment japanese customers different one company bought barrels iranian heavy straight discount cents official price sources said deals fixed prices linked oman dubai spot prices less discount said iran discounted sales however managed reverse bullish tone crude oil products spot markets oil traders said market sentiment influenced weather europe reports opec february output self imposed quota mln barrels per day firmer gas oil london futures bullish sentiment new york mercantile exchange futures market supporting spot price levels said another japanese trading house paid official price processing arrangement effectively receive discount sources said cheating one japanese trader said sources said one japanese company paid official price iranian oil purchased mln barrels iranian heavy april shipment refining singapore said nine iranian crude sold western traders pricing based pct official price pct spot prices part price related processing arrangements
inc st qtr dec loss net loss vs profit sales vs note per share data available company went public january reuter
akzo revises profit slightly dutch chemicals group akzo nv akzo said annual report revised net profit figure mln guilders provisional mln guilders announced january turnover figure unchanged billion guilders akzo said would difficult maintain profit level expected positive developments longer term profits totalled mln guilders turnover billion reuter
frost sullivan inc nd qtr jan shr profit cts vs loss two cts net profit vs loss revs vs st half shr profit cts vs loss eight cts net profit vs loss revs vs reuter
barclays midland follow base rate cut barclays bank plc l midland bank plc l said cutting base lending rates pct pct cuts follow similar move national westminster bank plc nwbl l rate changes take effect tomorrow reuter
cpc international cpc sells south african unit cpc international inc said completed sale south african subsidiary pty ltd consortium european south african investors undisclosed amount excess book value due increasing difficulty operating said operation accounted less two pct worldwide sales billion dlrs company said small royalties expected result use cpc trademarks new owners social programs south africa said significant impact earnings expected sale reuter
republic merge pioneer savings republic savings loan association pioneer savings wis said signed definitive agreement combine two associations publicly held holding company called republic capital group inc associations said would form company exchanging republic stock shares holding company pioneer could purchase pioneer converts mutual stock ownership associations added would remain independent wholly owned units holding company associations said would continue business using present names management combination republic mln dlrs assets pioneer mln dlrs would make new holding company fifth largest savings loan organization wisconsin said associations said move subject approval federal home loan bank board wisconsin commissioner savings loan well republic shareholders pioneer depositors reuter
whittaker corp st qtr oper shr cts vs cts
thomson income fund dividend mthly div cts vs cts prior month payable april six record reuter
group computer memories cmin bid shareholder group led far hills n j investor natalie koether said plan seek control computer memories inc plans sell entire stake company filing securities exchange commission group includes sun equities corp said sold net computer memories common shares march prices ranging four dlrs share lowering stake shares pct total outstanding group said takeover plans company announced agreed stock swap march calif computer disk drive concern said agreed letter intent exchange pct stock would newly issued assets privately held hemdale film corp hemdale surviving entity light sun found necessary evaluate feasibility seeking control company sold portion shares currently intends sell balance time time group said group disclosed plans dec seek control company reserved right change mind reuter
u agency allow u air buy pct piedmont pending final merger
medical properties sets monthly dividend board medical properties inc said declared initial monthly cash dividend cts share adopted monthly dividend policy initial dividend payable april shareholders record march reuter
chemlawn chem rises hopes higher bids chemlawn corp chem could attract higher bid dlrs per share offered waste management inc wall street arbitrageurs said shares chemlawn shot counter trading mln company mln shares changing hands late afternoon company could go times cash flow dlrs maybe dollars depending whether competing bidder arbitrageur said waste management tender offer announced opening today expires march totally surprise said chemlawn spokeswoman company board held regularly scheduled meeting today discussing waste management announcement said statement expected certain would ready unable say prior contact waste management chemlawn officials think resist said schlang analyst ball inc company like surprise attack would arbitrageurs pointed difficult resist tender offers shares cash schlang said chemlawn could try find white knight want acquired waste management analyst snyder said companies l p inc companies could interested chemlawn two mln customers largest u company involved application waste management involved removal schlang said chemlawn customer base could valuable another company wants strong residential commercial distribution system schlang noted high growth rates chemlawn share price mid stock rate growth slowed schlang said company profits concentrated fourth quarter chemlawn earned dlrs per share full year dlrs fourth quarter noted chemlawn thousands individual offer lawn garden care reuter
channel ferry reported sinking belgium channel ferry herald free enterprise british townsend company sinking belgian coast tonight people board dutch reported today unspecified number people fallen water said quoting pilot organisation south western dutch port city near belgian border said vessel capsized gave details dan spokesman dutch salvage firm smit international told reuters telephone rotterdam vessel belgian port zeebrugge passengers crew accident occurred gmt said firm one vessel another way divers board spokesman port authority nearby said attempts made pull vessel waters weather conditions good wind many vessels area reuter
hydraulic splits hikes dividend hydraulic co said board approved three two stock split common stock increased quarterly cash dividend said stock split occur pct stock distribution hydraulic common stock payable april stockholders record april quarterly cash dividend payable april stockholders record april paid hydraulic pre split shares currently outstanding company said dividend cts per share cts per share represent quarterly common stock cash dividend cts per share share outstanding stock split company said reuter
universal resources holders approve merger universal resources corp said shareholders approved merger company corp separately universal said redeem pct debentures due december april pct face amount plus accrued interest universal said operate wholly owned unit current name terms merger took effective today universal said shareholders receive three dlrs share cash said stock longer trade amex reuter
oil development partners payout qtly div two cts vs two cts prior pay may record march note full name oil development partners lp reuter
bulletin says tin price may rise ringgit tin price likely rise ringgit kilo year producers accord export quotas reluctance brokers banks sell metal lower prices malaysian government bulletin said malaysian tin bulletin said producers interest keep quotas limit total exports tonnes gradually tonnes overhang said consumption industrialised countries stay tonnes international tin council creditors brokers likely dump stocks excessively unless large price jump continued depreciation dollar could also help push price tin bulletin said depreciation dollar means depreciation ringgit closely pegged making price tin cheaper sterling terms added even absence economic tin market optimism alone sufficient secure price recovery ringgit per kilo bulletin said reuter
hughes tool shareholders approve merger baker international
basf u profit turnover boosted acquisitions basf ag basf f said net profit u operating company basf corp rose last calendar year mln dlrs mln turnover rose one billion dlrs billion parent company said statement rise however partly reflected inclusion first full business year three acquisitions made excluding basf corp turnover rose four pct acquisitions high performance materials operations celanese corp corp bought united technologies american bought akzo nv akzo basf said expected u investment mln dlrs part five year programme totalling one billion u projects completed included second acid plant freeport texas technical centre michigan paint lines automotive plants new agricultural research centre research triangle park durham north carolina basf said work year begun louisiana plants production special well expansion capacity producing reuter
hong kong rises pct january hong kong broadly defined money supply rose pct billion h k dlrs january pct rise december year year rise pct government said statement local currency rose pct billion dlrs december pct november rise pct year total rose pct billion dlrs january december rose pct previous month local rose pct billion dlrs january december climbed pct total local rose pct pct year ago month respectively total rose pct billion dlrs january pct rise previous month local rose pct billion dlrs pct rise total local year year growth pct respectively total loans advances rose pct billion dlrs december rose pct loans financing hong kong visible trade rose pct billion dlrs pct rise december reuter
general partners gencorp gy proxy fight general partners group tendering gencorp inc shares dlrs said started soliciting proxies gencorp proposals increase number authorized shares outstanding create board election dates eliminate cumulative voting proposals voted march annual meeting general partners partnership privately held wagner brown afg industries inc afg made disclosure newspaper advertisement partnership already filed suit u district court ohio seeking block vote proposals gencorp defensive preferred share purchase rights general partners asked shareholders either vote proposals voting reuter
u feb durable goods orders rose pct durables rose pct
sets two pct stock dividend inc said board declared two pct stock dividend payable april holders record march company said stock dividend paid holders commons exchange class b stock current exchange offer expires march reuter
container systems ltd year oper net oper shr dlrs vs cts oper net vs revs mln vs mln avg shrs vs note excludes gain dlrs vs dlrs benefit tax loss carryforward results tel israel based company translated rate one dlr new israeli reuter
u banks join prime rate cut chemical bank main bank subsidiary chemical new york corp marine midland banks inc said raising prime lending rate pct pct effective immediately st louis mercantile bancorp said mercantile bank n also raising prime rate pct pct effective immediately changes follow similar cuts yesterday citicorp chase manhattan reuter
charter crellin acquire plastics charter crellin inc said signed letter intent acquire outstanding shares plastics inc capital stock charter crellin molded plastic product maker said precision engineered specialty plastic products automotive industry company said deal subject execution definitive purchase agreement reuter
deutsche bank sees slow start deutsche bank ag dbkg f seen slow start posting record profits management board joint spokesman f wilhelm christians said credit business declined first weeks year interest margin squeezed weak german bourse saw earnings commission fall sharply trading securities also fell earnings currency dealing still satisfactory told news conference deutsche group partial operating profits rose billion marks billion balance sheet billion marks billion profits earnings placement former group estimated one billion marks record profits trading bank account included partial operating profits earnings transaction booked subsidiary therefore showed part interest surplus section current earnings securities participations group nearly doubled billion marks billion usual bank detail total operating profits said total operating profits including account trading rose pct pct without transaction group pct seven pct parent bank banking analysts said put group total operating profits seven billion marks parent bank operating profits five billion marks christians said deutsche used extraordinary earnings pay record five mark bonus top unchanged mark dividend bank decided raising dividend uncertain business outlook end developments far year showed correct christians said west german banks raise dividends unless sure maintain increased payout subsequent years preferring use bonuses one profits bank also used extraordinary earnings continue high level risk provision christians said disclosed group risk provisions rose mln marks mln german law disclosed provisions necessarily reflect full amount risk provisions management board joint spokesman alfred herrhausen said deutsche total debt exposure problem countries fallen six billion marks billion fall dollar agreed asked two thirds problem country debt written deutsche bank posted sharp rise holdings securities billion marks billion parent bank christians said billion mark rise partly due increased activity international share placements shares fiat spa international placement last year remaining books herrhausen said concrete measures planned place shares conclude original placement reuter
hughes tool says approves revised terms merger baker international
piedmont aviation pie board meet today piedmont inc board directors conduct special meeting beginning est today piedmont spokesman said spokesman would say agenda mid february piedmont said board would meet discuss proposals acquire company board also withdrew recommendation accept dlrs share cash offer norfolk southern corp nsc light competing revised bid u air group inc u u air offer buy pct company stock dlrs share cash remaining dlrs share stock reuter
u k cons gold u purchase u k trade department said would refer consolidated goldfields plc l purchase american aggregates corp monopolies commission cons gold said last month arc america corp unit agreed buy ohio based company dlrs share cash mln dlrs deal recommended aggregates board reuter
u weather cotton summary usda cotton planting began california expected proceed rapidly week ended march joint agriculture weather facility u agriculture commerce departments said summary weather crops bulletin agency said winds low soil growth hampered arizona planting moved counties cotton planting well lower valley coastal along upper coast texas however bad weather continued cotton preparations oklahoma reuter
west co inc sets payout pa march qtrly div cts vs cts prior pay may record april reuter
peru sell state firms cut budget deficit peru sell state owned firms trim projected mln dlrs loss year among government owned companies companies would sold others would privatised partially according jose palomino president government state company holding firm national development council told reporters radio interview aim slim projected public sector firm deficit billion say foreigners would allowed buy part companies independent economists warn deficit could push inflation pct target pct palomino said government airline jet fleet would issue stock purchase private investors company registered first profit eight years earning mln pre tax profits peru non financial state firms palomino said government would soon publish list sold including whose shares would offered stock exchange last november palomino said plans included possible sale company producing palm oil another manufacturing electrical appliances shares could also sold copper mine sa southern state neither palomino general manager available comment whether foreigners would allowed purchase companies said offices jose antonio general manager stock exchange shares state owned firms could sold told reuters foreigners could purchase stock exchange tax paying residents peru said foreign stockholders cannot profits abroad least july reuter
goodyear gt receive mln dlrs unit goodyear tire rubber co said receive mln dlrs cash loral corp business goodyear aerospace corp goodyear said previously announced acquisition loral expected completed march loral announced transaction january company said paying mln dlrs goodyear aerospace goodyear said price receive adjustments items pension benefits provision allocation liabilities asset last year goodyear aerospace revenues mln dlrs reuter
thyssen sees good profit despite steel losses thyssen ag f said expects post good profit despite anticipated losses mass steel making operations year managing board chairman dieter told annual meeting group satisfied profit developments first half financial year september group three divisions specialty steel capital goods trading made profit far added said income associate companies also good early thyssen world group profit fell mln marks mln reflecting costs linked steel operations company dividend unchanged five marks thyssen spokesman told reuters planned job cuts subsidiary thyssen ag would higher announced earlier total job losses expected total original projections thyssen employs people reuter
fed says sets three day system repurchase agreements
waiting period ends waste management wmx bid waste management inc said received notice early termination hart scott rodino waiting period mln dlr takeover bid chemlawn corp chem waiting period terminated march waste management said chemlawn rejected waste management dlrs share bid said talking parties selling business reuter
salem corp th qtr loss shr loss dlrs vs loss cts net loss vs loss revs mln vs mln year shr loss dlrs vs profit seven cts net loss vs profit revs mln vs mln note includes loss mln dlrs cts shr asset writedowns cost reductions reuter
cra expects pay final dividend cents cra ltd said expected pay final dividend less cents share july making cents year mining smelting group earlier reported net earnings rose mln dlrs mln analysts forecasts yesterday mln mln cra said consideration dividend later year provide benefit dividend imputation shareholders july dividends tax free shareholders provided come earnings full pct company tax rate p company operates tax year fiscal year ending june result incurred tax pct rate earnings cra said statement consequently funds available distribution dividend waiting see imputation legislation determining final payout said despite higher net earnings cra said poor year minerals industry notable exception gold producers prices major metals expressed real u dollars declined lowest levels years said fluctuating exchange interest rates added volatility uncertainty revaluation yen leading substantial restructuring japanese industry cra said world demand metals growing slowly inventories steadily declined supply demand better balance continues cra said turning contributions earnings cra said copper ltd contributed mln dlrs share ltd net mln net earnings iron ore operations mln dlrs mln said lead zinc silver mining smelting operations incurred net loss mln dlrs mln loss cra said coal activities resulted net profit mln dlrs mln salt raised contribution mln mln cra share earnings diamond project amounted mln dlrs nine mln cra said main item mln dlr extraordinary loss mln writeoff foreign exchange losses borrowings required new accounting standard extraordinary items mln dlrs provided closures writedown assets mln increase future tax provisions cra said cash flow continued high level mln dlrs capital expenditure billion strong cash flow coupled proceeds rights issue use existing cash balances enabled group debt reduced nearly mln dlrs cra said held forward contracts year end buy mln u dlrs hedge part foreign debt cost mln dlrs tax included net interest cost reuter
declares stock dividend said board declared seven pct stock dividend payable may holders record april earlier company reported net income mln dlrs reuter
chemlawn chem ecolab merger pact chemlawn corp ecolab inc said signed definitive merger agreement ecolab buy outstanding chemlawn common stock dlrs share cash total mln dlrs terms agreement chemlawn said rescinded previously announced rights dividend plan chemlawn previously rejected dlr share offer waste management inc wmx yesterday oak brook ill based waste disposal company said prepared offer dlrs share mln dlrs chemlawn lawn care company chemlawn said last week negotiating possible suitors identify chemlawn spokesman said details merger would issued later ecolab maker commercial based st paul minn first six months ended december company earned mln dlrs cts share sales mln dlrs officials waste management could reached immediate comment reuter
sciences international inc loss nd qtr jan end shr loss three cts vs loss nine cts net loss vs loss sales vs avg shrs vs st half shr profit four cts vs loss cts net profit vs loss sales vs avg shrs vs note current year net includes gains sale assets dlrs quarter dlrs half net includes extraordinary loss dlrs vs nil quarter loss dlrs vs profit dlrs half reuter
group sets regular payout div cts vs cts pay april record march reuter
security spc users end merger talks security pacific corp users inc credit union data processing concern said mutually agreed withdraw merger negotiations users said since signed letter intent merge security november received strong show support continuing credit union ownership company credit unions purchase additional users common users also said strongest financial position year history reuter
baldrige says japan must open markets commerce secretary malcolm baldrige said united states stand let japan world electronics market baldrige told senate finance committee united states would insist japan open markets u products u market open japanese products asked testimony meant united states would close markets japan open baldrige said prepared say certainly would one alternatives studied baldrige said testimony japan closed supercomputer market restricted telecommunications market conclude common objective japanese government industry world electronics market given importance market u industry general defense base particular cannot stand said said concerns national security led express reservations proposed acquisition fairchild semiconductor fujitsu japan reuter
montedison refineries shut work montedison close crude refining units march th march th maintenance company spokesman said throughput refinery currently estimated bpd although total capacity nearer bpd several mediterranean refineries currently shutdown maintenance scheduled months ago industry sources said shutdowns may avoid running negative netback crude tighter products result shutdowns med helping keep products markets bullish particularly march deliveries oil traders said refinery san capacity bpd due shutdown march th three weeks jointly owned refinery capacity bpd due start around march th following closure maintenance month ago company spokesman said esso italiana refineries closing spring spokesman company said france unit societe francaise de bp refinery closed maintenance since march due restart early april total capacity bpd currently operating around pct capacity company spokesman said shell francaise l refinery shut early april mid june company spokesman said capacity around bpd compagnie francaise de close la refinery early april would affect crude throughput refinery company spokesman said current capacity bbl day despite current bullish sentiment med however traders noted crude netbacks beginning look attractive maintenance shutdowns finished two three weeks result oil industry sources suggest situation may ease mid april reuter
unicorp canada cuts purolator pcc stake unicorp canada corp told securities exchange commission cut stake purolator courier corp shares pct total outstanding shares pct unicorp management investment holding company controlled chairman george said sold purolator common shares march dlrs share purolator agreed past weekend acquired managers u courier business e f hutton lbo inc leveraged buyout valued mln dlrs reuter
thai traders oppose coffee quotas thai coffee exporters said hoped international coffee organisation ico would export quotas even though may lead slump world prices president thai coffee exporters association told reuters thailand obtained little benefit previous ico quotas represented pct total annual exports thailand expects increased overall coffee export revenue restrictions sales current ico members offer higher prices non members said customs department said thailand exported tonnes coffee last year thai coffee production projected fall tonnes oct sept season previous year however senior commerce ministry official said thai government supports coffee producers ico quotas said would help lift world prices director general commercial economics department said absence ico quotas would encourage producers rapidly release coffee market depressing prices said indonesia expected export substantial amount coffee month without restrictions reuter
icn pharmaceutical inc icn st qtr feb net oper shr cts vs four cts oper net vs sales mln vs mln note oper data include extraordinary gains dlrs cts per shr current quarter dlrs eight cts per shr year ago quarter sales certain marketable securities reuter
bank new england corp bkne qtly dividend qtly div cts vs cts prior pay april record march reuter
financial trustco capital ltd hikes payout qtly div cts vs six cts pay march record march note co also declares ct qtly div special shares issued december pay record dates reuter
financial corp payout qtly div cts vs cts prior pay april record april reuter
leaseway transportation corp th qtr loss oper shr loss cts vs profit cts oper net loss vs profit revs mln vs mln year oper shr profit dlrs vs profit dlrs oper net profit mln vs mln revs billion vs billion note net excludes gains discontinued leasing operations mln dlrs vs mln dlrs year mln dlrs vs mln dlrs quarter results restated discontinued operations net periods includes charge dlrs elimination investment tax credits reuter
chemlawn chem seeks bids march chemlawn corp said asked potential purchasers company submit proposals est march chemlawn said waste management inc wmx intends participate bidding process submit confidentiality agreement chemlawn financial advisor smith barney harris upham co inc waste management dlr per share tender offer chemlawn underway chemlawn already rejected inadequate chemlawn already said holding talks various parties sale company said informed potential purchasers sign confidentiality receive confidential information chemlawn chemlawn said waste management sign agreement chemlawn would supply information supplied potential purchasers said make exception waste management would give company advantage bidding process reuter
gencorp gy says buyback better takeover gencorp inc said decision general partners comprised afg industries wagner brown end hostile offer company supports belief buy back offer announced yesterday financially superior alternative gencorp said would details plans buy back pct stock billion dlrs dlrs share later week gencorp buy back made fend hostile billion dlr dlr share tender offer afg wagner brown earlier today afg wagner brown said without benefit additional information available gencorp management cannot compete economically gencorp proposal group said ending tender offer gencorp promptly return tendering shareholders shares tendered pursuant offer group owns pct shares gencorp outstanding shares reuter
investor group circle express stake investor group controlled new york investor david told securities exchange commission acquired shares circle express inc pct total outstanding common stock group partners ltd investments ltd said bought stake investment purposes part effort seek control company reuter
sees lower nd qtr net industries inc said earnings fiscal second quarter ended march sharply lower dlrs cts share earned quarter last year also said lowered earnings forecasts remainder fiscal year fiscal company earned dlrs dlrs share company cited competitive market conditions liner business startup costs related acquisition plastic reduced earnings outlook reuter
basf world group pre tax profit billion marks vs billion
electronics technical default electronics inc said remains technical payment default revolving credit agreement technical default certain obligations lender although lender enforced right demand payment debt full continues reserve right time said earlier reported third quarter net loss mln dlrs nine months net loss mln dlrs reuter
public service enterprise peg two mths net periods ended february shr cts vs cts net mln vs mln revs mln vs mln avg shrs mln vs mln mths shr dlrs vs dlrs net mln vs mln revs billion vs billion avg shrs mln vs mln notes year ago results restated reflect application new accounting full name public service enterprise group inc reuter
med inc rd qtr jan net shr cts vs cts net vs revs mln vs mln avg shrs mln vs nine mths shr cts vs cts net vs revs mln vs mln avg shrs mln vs current year net periods includes gain dlrs change useful lives used depreciation property equipment reuter
ltd year jan net shr cts vs one dlr net mln vs mln sales billion vs billion note excludes extraordinary gain mln dlrs two cts per share public issue affiliate shares reuter
fed heller urges broad reform aid banking federal reserve board governor robert heller said banking system could strengthened permitting formation financial services holding companies involved areas like banking insurance real estate securities speech prepared delivery new york bank financial analysts association heller said believe increased diversification along product lines key strengthening american banking system said supported idea financial services holding companies advocated association bank holding companies regulation various bank thrift insurance investment securities real estate subsidiaries would handled lines limits would placed extension credit bank associated institutions transactions would arms length basis heller said measures would necessary avoid banks special position holding companies subsidiaries heller said would require holding company serve source strength bank making commitment maintain bank capital words bank would allowed fail long holding company positive net worth heller also said commercial enterprises permitted financial services holding company provision capital would flow financial enterprise necessary heller said effects actions would banks least strong corporations holding customer deposits assured incentive bank removed diversification would give access national international financial services corporations across united states heller said would mean steady decline america banks world financial would arrested permitting become competitive reuter
cooper canada said received takeover offers cooper canada ltd said received takeover offers number companies company also said discussions continuing definitive arrangements made gave details reuter
shell canada shc sell tankers shell canada ltd said shell canada products ltd unit sell three tankers effective april one inc terms disclosed shell also said contract exclusively normal marine distribution requirements domestic markets exceptions initial year period shell also said shell canadian tankers ltd unit lay employees offer jobs employees three shell vessels eastern shell northern shell range size tonnes shell said shell canada pct owned royal dutch shell group rd reuter
continental bank canada sets distribution continental bank canada subsidiary lloyds bank plc lloy l said intends redeem existing preferred shares distribute stock dividend common shareholders initial distribution cumulative redeemable retractable floating rate class preferred shares series ii carry right enabling holders receive dlrs share continental said mln dlrs existing outstanding preferred shares paid par plus accrued dividends continental said notes carry dividend rate pct prime expects shares trade dlrs enabling shareholders wish receive cash bank said expects distribution made early may subject various approvals continental also said march cash mln dlrs equity mln dlrs allowing final total distribution dlrs per common share continental bank said continues expect final distribution shareholders range dlrs dlrs per share take place late early initial stock distribution takes place regular dividend payments maintained existing preferred shares bank said distribution part terms continental bank canada sale banking assets lloyds bank canada subsidiary lloyds bank plc continental bank said lloyds bank canada paid balance purchase price lower originally anticipated since continental unable transfer certain income tax lloyds bank continental give details
forest city completes sale forest city enterprises inc said completed previously announced sale assets retail store division excluding real estate home improvement centers inc private ill firm sale cash notes exact terms disclosed reuter
jacobs suchard expects another excellent year jacobs suchard ag z hopes another excellent year pct increase net profit results first months show heading right direction company president jacobs said group reported net profit mln swiss francs compared mln raised dividend per bearer share francs francs jacobs said increase profit far exceeded company target five pct real annual growth made possible restructuring measures introduced january also made major acquisitions possible last year general director charge economic affairs said pct decline group turnover billion francs due currency factors pct negative currency influence partially offset growth operations structural changes within group turnover coffee business fell billion francs billion turnover chocolate sector rose billion francs billion tonnage sold sectors declined due higher prices lower consumer demand especially france west germany jacobs suchard increased market share west germany pct pct largely result acquisitions market share france little changed pct pct said group average tax rate rose pct pct higher profits despite write offs losses new acquisitions increase tax levels expected future taxes jumped pct mln francs mln previous year reuter
kiena plans two one stock split kiena gold mines ltd said planned two one common stock split pending shareholder approval april said approval would require pct votes cast kiena said pct owner campbell red lake mines ltd crk expected vote favor split reuter
correction senior u official washington story headlined senior u official visit japan trade row grows please read nd tariffs worth mln dlrs correcting amount reuter
investment group ups stake scandinavia multinational shareholder group told securities exchange commission increased stake scandinavia fund inc pct pct investors include ab sweden vbi corp west reuter
world inc th qtr jan net shr dlrs vs dlrs net mln vs mln sales mln vs mln avg shrs mln vs mln year shr cts vs cts net mln vs sales mln vs mln avg shrs mln vs mln note latest year net cut mln dlrs investment tax credit loss reuter
siemens sees sales near billion marks year world group turnover siemens ag sieg f rise billion marks current year september pct upturn first five months management board chairman kaske said siemens reported world group turnover billion marks kaske told annual shareholders meeting turnover rose billion marks first five months pct year ago period rise mainly due payment january west german nuclear power station led jump domestic sales pct first five months turnover abroad showed three pct increase kaske said without giving figures period incoming orders rose five pct billion marks period year whole incoming orders rise one two billion marks around billion apart payments nuclear power station communications telecommunications sectors particular contribute growth year kaske said possible make profit forecast uncertainty direction dollar kaske said siemens already reported first quarter group net profit fell marginally mln marks mln period previous year turnover first five months rose particularly strongly installations automotive technology communications telecommunications sectors components energy automation showed sharp decline kaske said domestic orders rose billion marks first five months year nine pct level period boosted particular orders fully owned union ag subsidiary foreign orders grew one pct billion marks increase orders newly acquired subsidiaries abroad balanced decline dollar installations automotive technology sector showed sharp rise orders energy automation communications orders level achieved period telecommunications orders remained roughly level kaske said investments expected remain around six billion marks pct increase previous year research development likely rise pct billion marks around pct turnover reuter
financial corp th qtr net shr one ct vs cts net vs revs mln vs mln avg shrs mln vs mln mths shr dlrs vs dlrs net vs revs mln vs mln avg shrs mln vs mln note restated reflect tax loss carryforwards reuter
scottish york holdings ltd year loss shr loss cts vs loss dlrs net profit vs loss revs mln vs mln note shr payment preferred stock dividends reuter
norcros breaks merger talks williams norcros l plc said intention proceeding talks williams holdings plc suggestion would benefits arising merger two groups norcros said benefits could achieved normal trading warrant closer formal association norcros shares firmed p p news investor speculation possible hostile bid williams dealers said williams rose p williams earlier informed norcros holds ordinary shares pct issued reuter
products corp quarterly div qtly div ten cts vs ten cts pay april record march reuter
unit restaurants co said disposed bojangles chicken n biscuits restaurants florida part previously announced bojangles subsidiary terms disclosed company said restaurants tampa jacksonville markets incurred majority bojangles operating losses last two years due transaction positive cash flow unit remainder fiscal spokesman said disposition consists combination sale lease franchise agreements transaction involves one quarter company owned bojangles restaurants accordance restructuring program announced october spokesman said company considering sale spinoff company owned additional restaurants profitable company said disposition result profit loss company costs anticipated mln dlr reserve taken third quarter foodservice division includes burger king tony pre tax operating loss mln dlrs including mln dlr charge restructure bojangles excluding bojangles group revenues mln dlrs company said pursuant restructuring cut general administrative expenses attributable pct reuter
z seven fund sees higher net z seven fund inc said expects earn six dlrs share dlrs share company said net earnings pct dlrs net asset value rose pct dlrs share year earlier adjusted three two stock split reuter
scale co sets quarterly qtly div cts vs cts prior pay may record april reuter
k mart corp th qtr shr dlrs vs nine cts
georgia pacific sees gain sale georgia pacific corp said second quarter results include gain mln dlrs pre tax cts per share tax sale interest georgia gulf corp company said selling warrants mln shares georgia gulf common stock goldman sachs co connection mln share offering georgia gulf said received warrants agreed sell chemical operations georgia gulf reuter
old foods inc rd qtr feb net shr cts vs cts net vs revs vs avg shrs vs nine mths shr cts vs cts net vs revs mln vs mln avg shrs vs reuter
kdi kdi buy triangle microwave kdi corp said agreed principle acquire triangle microwave inc dlrs plus contingent payment triangle share said holders contingent payment units entitled receive annual payments extent gross profits triangle microwave years exceed ranging eight mln dlrs mln dlrs company said holders triangle microwave options warrants entitled receive difference dlrs exercise price plus contingent payments kdi said completion transaction subject governmental approvals approval triangle microwave shareholders transaction valued mln dlrs said shareholders triangle microwave controlling pct company stock agreed vote favor deal give kdi option buy shares certain components triangle microwave makes microwave components kdi diversified company produces electronic components technical products pool equipment reuter
corp th qtr loss shr loss cts vs profit cts net loss vs profit revs vs mln year shr loss dlrs vs loss cts net loss vs loss revs mln vs mln reuter
applied dna systems inc th qtr loss shr loss one ct vs nil net loss vs loss revs vs avg shrs vs year shr loss three cts vs loss six cts net loss vs revs vs note amounts include losses pct owned scientific development affiliate analytical corp reuter
freedom savings loan n year end shr loss dlrs vs loss dlrs net loss mln vs loss mln note loss includes operating loss mln dlrs dlrs share including additional loan loss provision mln dlrs write downs value real estate mln dlrs extraordinary loss mln dlrs early retirement long term debt reuter
holiday hia recapitalization approved holiday corp said new jersey casino control commission approved recapitalization plan providing final regulatory approval needed company said expects announce next week record date special dlr per share dividend shareholders receive plan pay dividend month april exact timing depending closing financing arrangements holiday operates hotel casino atlantic city n j reuter
air products chemicals inc payout qtly div cts vs cts prior pay may record april three reuter
cosmo communications corp year loss shr loss one ct vs loss dlrs net loss vs loss mln revs mln vs mln reuter
valhi reports pro forma earnings valhi inc formed march merger amalgamated sugar co llc corp said unaudited pro forma earnings mln dlrs cts share six months ended december valhi said results prepared merger occurred july substantially basis pro forma financial information llc amalgamated joint proxy statement dated february valhi said mln common shares outstanding pct held corp reuter
stockholder systems makes acquisition stockholder systems inc said agreed principle acquire privately held software inc provides software check processing mortgage application processing safe deposit box accounting undisclosed terms software revenues dlrs year ended june reuter
deutsche agrees full takeover former deutsche bank ag dbkg f agreed take outstanding pct deutsche bank asia ag former european asian bank ag creditanstalt bankverein cabv vi deutsche management board joint spokesman alfred herrhausen told news conference broke even required funding deutsche said gave details deal creditanstalt press reports deutsche planning takeover lloyds bank plc lloy l without foundation said herrhausen said deutsche taken part recent capital increase morgan grenfell group plc plans raise pct share morgan grenfell banca america e spa pct acquired bankamerica corp bac n late last year would consolidated year contribute expansion deutsche business management board joint spokesman f wilhelm christians said following ruling earlier year federal high court deutsche included non bank holdings balance sheet section participations christians said christians said bank still regarded shares non bank companies investment rather active participation parent bank total participations rose billion marks comparable billion including rise billion billion bank participations herrhausen said grouping holdings balance sheet first step floating separate holding company reuter
sosnoff ends deal pratt southmark possible venture caesars bid
lighting inc st qtr feb net shr cts vs cts net vs sales mln vs reuter
bell resources says buys mln bhp shares taking holding pct
lucky stores says investor edelman reached standstill agreement
computer associates ca sets two one split computer associates international inc said board declared two one stock split payable may seven record april seven reuter
inc sets quarterly qtly div eight cts vs eight cts prior pay may record april reuter
santa fe southern sfx appeals merger ruling santa fe southern pacific corp said filed petition asking u interstate commerce commission reconsider earlier rejection merger holding company railroad assets icc rejected july merger santa fe southern pacific railroads grounds would reduce competition santa fe petition outlines pro competitive agreements railroads would preserve economic benefits merger merged railroad public commission agrees public benefits competitive result vote reopen merger case interested parties march file statements response supplemental petition reuter
ltd st qtr jan net shr eight cts vs cts net vs revs mln vs mln reuter
n agrees mln stg bid bass bass plc bass l horizon travel plc said terms agreed offer worth around mln stg horizon bass offer values horizon share bass ordinary share p based price p bass share quotation gmt april horizon said board financial advisers consider offer fair reasonable board unanimously recommend acceptance shareholders horizon shares jumped p announcement bass shares dipped p bass time regarded overseas area expansion objective acquired pct holding horizon set jointly owned hotel company bass horizon said bass resources enable horizon businesses expand strongly year march bass said agreed sell u k holiday newly formed private company ltd mln stg reuter
german february trade surplus billion marks jan surplus billion official
group inc st qtr feb net shr cts vs cts net vs sales mln vs mln note share adjusted two one stock split february reuter
co inc sets quarterly qtly div cts vs cts prior pay april record april reuter
holly corp hoc nd qtr jan loss shr loss cts vs profit cts net loss vs profit revs mln vs mln six mths shr loss cts vs profit cts net loss vs profit mln revs mln vs mln note six months fiscal includes loss cts per share discontinued operations per share figures also reflect partial three one stock split effected december reuter
inc nd qtr feb net shr cts vs nine cts net vs revs mln vs mln st half shr cts vs cts net mln vs revs mln vs mln note share adjusted two one stock split approved december net includes tax credits dlrs vs dlrs quarter dlrs vs dlrs half backlog mln dlrs vs mln dlrs start fiscal year mln dlrs end first quarter reuter
u money supply rises billion dlrs march week fed says
royal resources corp nd qtr dec loss shr loss cts vs loss dlrs net loss vs loss revs vs six mths shr loss cts vs loss dlrs net loss vs loss revs vs reuter
bolivian miners call general strike miners employed state corporation comibol declared general strike midnight gmt press higher salaries statement federation bolivian mine workers said said strike called defend nationalised mining industry miners willing negotiate government president victor paz estenssoro showed intention meet strikers demands government said strike designed cause four day visit west german president richard von weizsaecker starts friday miners statement said police comibol office workers city began hunger strike yesterday government miners deficit ridden corporation since collapse international price tin lay offs represent two thirds original workforce reuter
allied supermarkets files proposed merger allied supermarkets inc said filed registration statement securities exchange commission proposed merger companies supermarket combination store operator allied said statement covers mln dlrs senior subordinated discount debentures mln dlrs subordinated debentures principal amounts proposed aggregate offering price mln dlrs issue drexel burnham lambert inc donaldson lufkin jenrette securities inc co underwriters issues allied expects offer early june allied said reuter
public service co n h omits dividend public service co new hampshire said board voted omit quarterly dividend would paid may company said consecutive dividend reuter
cyacq offers raise cyclops buyout dlrs shr dlrs
nursery group inc nd qtr feb shr loss cts vs loss cts net loss mln vs loss mln revs mln vs mln six months shr loss cts vs loss cts net loss mln vs loss mln revs mln vs mln reuter
u cabinet council set farm issues reagan administration cabinet level economic policy council scheduled meet friday discuss among issues status agricultural legislation administration officials said officials said discussion u agriculture department wheat export subsidy soviet union agenda matters agenda however brought council officials said grain trade officials speculated usda would make wheat export enhancement offer moscow usda officials said matter active consideration usda today congress package legislative proposals including bills would cut target prices speed loan rate reductions reuter
bp bp hold new york press conference british petroleum co plc said scheduled new york press conference est gmt today senior management discuss company proposed acquisition pct standard oil co srd already dlrs per share offer worth billion dlrs reuter
security pacific national lift prime security pacific national bank national bank said increased prime lending rates quarter point pct said move effective immediately reuter
gpu gpu declares first dividend since general public utilities corp said board declared dividend cts per share common stock first dividend since omitted payment february result three mile island nuclear accident company said able declare dividend due progress three mile island unit two company spokesman said gpu expects continue declaring dividends quarterly basis rate depending progress company operations gpu said dividend modest size representing less third amount paid dividend average electric utility operating companies need return capital markets debt preferred stock tend produce lower cost better terms company said dividend payable may holders record april reuter
mitsubishi heavy c itoh sell stakes mitsubishi heavy industries ltd mhi c itoh co ltd decided sell combined pct stake indonesia machinery industries caterpillar co spokesmen two japanese companies said set owned pct mhi pct c itoh pct indonesian company makes trucks similar number month technological cooperation mhi spokesmen said sale results expected restructuring later year caterpillar mhi joint venture japanese company caterpillar mitsubishi ltd formed said venture renamed caterpillar mitsubishi ltd capitalised billion yen still owned equally mhi caterpillar set aim mhi business reuter
hong kong banks leave interest rates unchanged hong kong association banks said decided leave interest rates unchanged today regular weekly meeting current rates pct savings accounts hours seven day call one week two weeks one month pct two months pct three six months three pct nine months pct months pct prime rate six pct reuter
radiation found soviet tea hazelnuts high levels radiation found soviet tea hazelnuts nine months chernobyl nuclear accident west german residents moscow advised week letter west german community ambassador said laboratory tests food samples bought moscow february shown levels tea hazelnuts food samples sent testing cologne university including fruit vegetables pork milk butter found free radiation said data letter showed tea hazelnuts contained levels far excess ceilings recommended united nations food agriculture organisation letter said people consumed tea faced particular health danger remained tea leaves warned hazelnuts products sent testing bought state shops private farmers markets moscow added western moscow said discontinued laboratory testing soviet food late last year radiation levels find anything stopped u embassy spokesman said british spokesman said radiation monitoring equipment remained embassy waiting room british residents moscow wanted check food laboratory tests conducted several months earlier sent food back britain measure stopped absence signals said tests shown would resumed reuter
first federal michigan dividend hike qtly div cts vs cts previously pay may record april reuter
court puts injunction dutch port redundancies employers rotterdam port strike hit general cargo sector served injunction may preventing continuing plans redundancies year employers organisation spokesman said amsterdam court yesterday ruled legal employers redundancy procedure employers spokesman said likely restart redundancy procedure next week attempt pre may final court ruling port transport union representative paul rosenmuller described court ruling victory union added still long way go dispute hit general cargo sector past eight weeks resolved rosenmuller said would meeting sector workers afternoon decide action campaign strikes began january protest planned redundancies starting year employers said immediate plans meetings union either proposed redundancies new work practice agreement sector meanwhile discussions new work agreement port grain sector due resume next week although agreement could close coal ore sector employers spokesman added reuter
ibc closes export registrations ibc official brazilian coffee institute ibc confirmed closed may export registrations effective april friday night exporters said heard closure ibc officials officials could time reached confirmation reuter
court zico investment tender bancroft convertible fund
corp approves merger corp said shareholders approved merger wholly owned subsidiary emerson electric co terms merger shareholder receive shares emerson stock share reuter
allegheny ai sued proposed buyout allegheny international inc said first boston inc fbc sunter holdings corp subsidiary named defendants class action filed court common pleas allegheny county pa seeks injunction allegheny proposed merger sunter company said board former directors first boston also named defendants said sunter intend vigorously oppose action allegheny said class action suit alleges price paid transaction grossly unfair company said suit allegations similar contained earlier federal court suit reuter
coradian corp th qtr net shr profit three cts vs loss three cts net profit vs loss revs vs year shr profit one cent vs loss cts net profit vs loss revs mln vs mln avg shrs vs reuter
lake erie railway co div qtly div dlrs vs dlrs pay may record april note dividend paid shareholders norfolk southern corp nsc norfolk western railway co reuter
plans acquisition financing research corp said entered letter intent proposed business combination privately owned scientific laboratories inc corp newly formed company stock swap also said received dlrs sale convertible note growth fund part overall equity financing plan plan minimum dlrs maximum one mln dlrs additional new capital provided fund combined operations three companies also said maximum additional capital raised pct shares common outstanding new combined company holders pct others pct said remaining nine pct held shareholder norman become chief executive officer combined companies reuter
drug stores inc sets quarterly qtly div five cts vs five cts prior pay april record april reuter
industries inc st qtr jan loss shr loss cts vs loss cts net loss vs loss revs vs reuter
norstar fleet flt outline merger fleet financial group said board board norstar bancorp agreed merge two bank holding companies transaction would create billion dlr asset bank holding company terms transaction norstar shareholder receive shares fleet common stock based number fleet shares giving effect previously announced april one fleet stock split two one stock split increase fleet currently mln outstanding shares shares mln norstar shares outstanding fleet said deal expected completed july one date rhode island interstate banking law takes effect full year ended december fleet rhode island based bank holding company reported net income mln dlrs assets billion dlrs norstar albany n holding company reported net income mln dlrs assets billion dlrs fleet said estimated transaction result minimal dilution fleet norstar earnings per share intention companies cash quarterly dividends following combination decline either company stock holders company said norstar issued dlrs annually cash dividends common stock fleet current annual pre split basis would equivalent dlrs share addition fleet norstar granted option purchase number authorized buy unissued shares common stock constitute pct fully diluted shares outstanding transaction subject regulatory shareholder approval companies said proposed merger combined banking holding wil among largest country reuter
monfort acquisition agreement monfort colorado inc soared counter trading responding announcement late yesterday firm acquired conagra inc cag according letter intent signed companies conagra offer shares monfort mln outstanding shares conagra fell one new york stock exchange monfort integrated beef producer reuter
coffee conference ends call continue talks meeting eight latin american coffee producers ended call continued talks aimed arriving agreement stabilize international prices statement delivered conference president nicaragua external trade minister martinez cuenca said object future meetings would seek negotiations leading basic export quotas meeting attended representatives brazil mexico guatemala el salvador honduras costa rica nicaragua representative attended meeting observer representatives meeting said efforts would continue made reach regional consensus export quotas could presented international coffee organization opening meeting nicaraguan president daniel said lack accord export quotas behind falling coffee prices said caused billions dollars losses countries region jorio dauster president brazilian coffee institute said government committed working towards producers accord order bring higher prices reuter
newmont mining corp reduces stake peabody newmont mining corp said completed previously announced reduction share peabody holding co inc pct pct newmont realized mln dlrs transaction newmont reported net income mln dlrs peabody largest coal producer u net income mln dlrs sales billion dlrs newmont doubled ownership peabody january purchasing pct interest held williams cos mln dlrs reduction resulted completion earlier announced agreement peabody sell pct interest company eastern gas fuel associates exchange coal properties owned eastern reuter
corp th qtr shr cts vs cts net mln vs mln revs mln vs mln year shr cts vs cts net mln vs mln revs mln vs mln note th qtr gain mln dlrs sale real estate reuter
swire seen reporting pct rise profit swire pacific ltd swpc hkg likely show pct rise operating profits reports results tomorrow reflecting gains aviation property businesses share analysts said analysts polled reuters estimated tax profits operations billion billion dlrs compared billion also said swire extraordinary gain billion dlrs flotation cathay pacific airways ltd caph hkg unit last may swire extraordinary gain mln dlrs share analysts said swire set cent final dividend shares making total cents cents adjusted two one bonus issue aviation properties together account pct company net asset value pct net profits analysts said company aviation division consists majority stake cathay pacific airways ltd pct interest hongkong aircraft engineering co ltd also pct owned cathay cathay last week reported profits climbed billion dlrs mln partly lower fuel costs greater traffic swire share cathay stood pct flotation fell pct end last year since slipped pct hongkong aircraft reported month net profits rose pct mln dlrs tony analyst hong securities ltd estimates swire profits billion dlrs much depends properties said lot better second half year estimates profits firm wholly owned swire properties ltd unit range widely mln dlrs mln compared mln dlrs swire properties recorded interim profit mln dlrs first half well mln dlrs period analysts said due mainly low level completion new residential flats firm properties consist mainly taikoo shing residential development two housing projects hoare govett asia ltd said completion flats taikoo shing yielded profits mln dlrs second half year property prices continued rise people bought real estate low interest rates analysts said end last year flats taikoo shing selling dlrs per square foot pct year ago said frederick house securities f e ltd swire developing large commercial hotel complex central business district hong kong provide income first stage completed next year company also sold three properties part interest proposed hotel development result extraordinary gains mln dlrs according james capel far east ltd swire trading manufacturing operations expected earn mln dlrs pct shipping offshore services likely post small loss mln dlrs depressed market conditions reuter
services sets split ups payout services inc said board declared three two stock split maintaining quarterly dividend post split shares six cts pays effective pct increase split dividend payable april holders record march reuter
japan mining produce gold april mining co ltd said start commercial production gold copper lead zinc mine northern japan april company spokesman said mine monthly output expected consist tonnes gold ore black ore consists copper lead zinc ores company survey shows gold ore contains grams gold per tonne said proven gold ore reserves amount tonnes estimated reserves gold black ores total one mln tonnes added reuter
taiwan study suspending controls premier ordered financial officials pace foreign exchange controls study possibility suspending controls cabinet statement said statement quoted telling finance central bank officials relaxation needed help reduce taiwan foreign exchange reserves reached record billion u dollars month finance minister robert told reporters ministry central bank would work jointly new measures ease controls give details said government could maintain framework foreign exchange controls finding ways ease controls would used emergency taiwan reserves resulted largely trade surplus hit billion dlrs billion pct surplus taiwan trade united states according official figures said easing controls would help reduce reserves would substantially short time economists bankers said new decision resulted growing pressure united states taiwan largest trading partner buys almost half island exports economic professor university told reuters decision came little bit late better never ko lo vice president first commercial bank said government rapidly relax foreign exchange controls open market wider help balance trade trading partners especially united states liberalisation imports foreign exchange controls help trading partners also help economic problems said said mounting foreign exchange boost taiwan money supply pct year end february reuter
tokyo bank japan buys small amount dollars dealers said
gencorp rejects unsolicited takeover bid afg industries wagner brown
india cotton export quota bales india raw cotton export quota raised kg bales bales ending august still well quota mln bales minister state textiles r n said state private agencies contracted export mln bales told journalists bales shipped year rest delivered bales contracts shipped february government export bales long extra long cotton three years said reuter
dart group flexible supermarkets sgl bid dart group corp said told supermarkets general corp sgl flexible price would pay acquire company dart said would offer dlrs cash sgl share sgl board recommended offer shareholders sgl termed billion dlr offer unsolicited letter sgl dated march dart also said denied confidential information sgl would given potential bidders sgl officials could reached comment dart said advised selling sale sgl distributed potential buyers purchasers would also given access sgl books records opportunity talk key employees one leveraged buyout firms said source close dart analysts said sgl management may considering leveraged buyout dart said remains interested acquiring sgl friendly basis reiterated willingness negotiate terms offer dart said sgl representatives said company received offer said requested confidential information better understand sgl denied refused sign agreement prohibiting making bid sgl without sgl approval agreement would also limited ability buy sgl shares dart said considered conditions unreasonable interest trying negotiate friendly transaction said dart five pct sgl shares dart said requested information meeting sgl representatives held meetings hope representatives would reach agreement said indicated flexible price told certain issues important sgl management conditions deal dart expected take account putting together package said issues include immediate payment mln dlrs sgl chairman leonard lieberman executive vice president james financial officer murray dart said payment intended three officers severance agreements although lieberman would leaving company dart said present agreements none officers right accelerated payments also dart said lieberman paid mln dlrs pay taxes also said top management incentive shares accelerated paid cost six mln dlrs although restrictions shares unless waived company compensation committee dart said fund five mln dlrs top management supplemental retirement plan dart said another issue agree future severance obligations future salary guarantees top management estimated mln dlrs excess obligations company present policy dart said despite management payments agreed discuss aspects offer fact try negotiate transaction march meeting sgl supermarkets general owns mark supermarket chain home centres dart also released copy lawsuit filed sgl shareholder seeking stop sgl taking actions paying greenmail poison pill defence suit also sought directors carry fiduciary duty greenmail payment premium shares held unwanted suitor poison pill issue securities shareholders make takeover expensive reuter
americus trust extends deadline americus trust american home products shares said extended deadline accepting tendered shares november extension nine months trust accept mln shares american home products said already received tenders four mln shares trust managed alex brown sons inc absb formed november reuter
hartford steam sets split dividend hike hartford steam inspection insurance co said board declared two one stock split raised quarterly dividend cts cts payable april holders record april reuter
api president sees options avert oil crisis american petroleum institute president charles dibona said options rejected combat growing u dependence foreign oil action ruled import fees quotas floor prices tax incentives alternatives national dialogue issue continues dibona said paper institute conference new york today dibona said within industry stimulate energy production consensus removing several government policies investments new prospects dibona said windfall profit tax abolished immediately current proposals increased environmental regulations acid rain waste disposal adopted also suggested arctic national wildlife refuge alaska opened leasing oil companies dibona said battle industry cannot afford lose nation continue benefit alaskan oil dibona said since u oil production fallen consumption rose raised dependence imported oil particularly opec dibona said reuter
fairchild industries inc th qtr oper shr loss cts vs loss eight cts
realty south investors inc year net shr dlrs vs cts net vs revs vs investments mln vs mln note shr figures adjusted split feb results reflect operations eight months ended dec company began operating may reuter
coffee quota talks continue accord seen likely international coffee organization ico council talks export quotas continued extended session lasting late sunday night delegates said prospects accord producers consumers minute special meeting called stop prolonged slide coffee prices likely adjourn sometime tonight without agreement delegates said council expected agree reconvene either within next six weeks september said talks sunday afternoon became apparent consumers producers could compromise formula calculating future quota system delegates said coffee export quotas suspended year ago prices soared response drought cut brazil crop nearly two thirds brazil world largest coffee producer exporter reuter
rose stores inc th qtr jan shr cts vs cts net mln vs mln revs mln vs mln year shr dlrs vs cts net mln vs mln revs billion vs billion reuter
bangladesh port workers end strike cargo handling resumed bangladesh port today workers ended three day walk triggered pay dispute port officials said loading ships strike started morning completed quickly possible said strikers returned work agreement reached last night port authorities port workers association said without giving details reuter
gencorp gy names financial advisers gencorp inc plans use first boston corp kidder peabody co financial advisers tender offer company general partners gencorp spokesman said spokesman response questions reuters said company yet comment dlr per share tender offer launched partners today first boston kidder advisers gencorp past said general partners comprised investors wagner brown afg industries inc glass manufacturer reuter
german retail turnover rises one pct january west german retail turnover rose real one pct january compared month year earlier according provisional data federal statistics office shopping days january year january statistics office statement said statistics office official added retail turnover risen pct december compared year ago month slight upward revision pct increase provisionally posted reuter
healthcare services sees write offs healthcare services america inc said write mln dlrs non recurring expenses also said expects income operations breakeven estimated loss year writeoffs results released march included writeoffs six mln dlrs costs six mln dlrs loan costs debt discounts four mln dlrs non recurring costs company said continues default certain financial non financial covenants set major loan documents said negotiations continue banks assurance funding continue said authorized smith barney harris upham co seek business combination third parties healthcare also said board authorized sale lease certain assets reduce cash required revolving credit line completion current construction projects year ended december healthcare reported net income mln dlrs sales mln dlrs reuter
silver state mining ssmc sees production rise silver state mining corp said expects gold production year double ounces company production ounces reuter
north korea gold mine repay debt group tokyo based north korean businessmen plan north korean boost annual output almost one tonne within two years pounds present said li spokesman mine development co venture partner work begin april company aims increase output tonnes within decade pay billion yen debt japanese companies li added expect mine worth billion yen gold deposits said mine started u company one six seven virtually mines area miles north li said li said modern equipment advanced technology would increase yields mining done methods basic equipment gold mine scheme latest series moves north korea clear debts japanese creditors earlier year tried failed pay part debt several tonnes fish reuter
corp th qtr jan loss shr loss cts vs profit cts net loss vs profit revs mln vs mln mths shr loss cts vs profit cts net loss vs profit revs mln vs mln note income taxes mths ended jan includes gains fire insurance settlement unusual charges provisions estimated cost severance pay terminated workers one time writedown inventory equipment reuter
turkish retail prices rise pct february turkish retail prices rose pct february pct january pct february state statistics institute said prices year february rose pct compared pct year january pct months february index base covering five regions february january february reuter
dixons group plc buys cyclops shares owns pct
century business credit corp th qtr shr cts vs cts net vs revs mln vs mln year shr dlrs vs dlrs net mln vs revs mln vs mln note revs includes dlr fee net includes gain sale securities dividends dlrs lease revs includes fee gain sale asset reuter
corp pcr sets quarterly qtly div cts vs cts prior pay june record may reuter
photographic corp th qtr loss oper shr loss six cts vs profit four cts oper net loss vs profit sales vs avg shrs vs year shr profit five cts vs profit five cts oper net profit vs profit sales vs avg shrs vs note net excludes losses discontinued operations dlrs vs dlrs quarter dlrs vs dlrs year year net excludes dlr tax credit year includes six months operations due change fiscal year reuter
currency futures climb likely checked surge currency futures since friday reagan administration proposed tariffs japanese imports likely curtailed coming week financial analysts said market taking would expect last little longer said sloane currency analyst smith barney harris upham co profit taking currency futures momentum today likely continue said central banks likely play role halting advance currencies intervention analysts said even though dollar fell year low japanese yen monday despite bank japan intervention treasury secretary james baker comments g nations remain committed paris accord coupled refusal give targets exchange rates provided note stability market tuesday analysts said furthermore merrill lynch economics analyst david horner said g central banks yet shown full force commitment paris accord among believe g plan behind horner said horner said central bank intervention firm dollar cap rise currency futures coordinated intervention central banks contrast recent rolling intervention smoothed market according horner think near top range europeans currencies said hand upside target yen set new contract high today june contract horner said still analysts believe currency futures yet peak basic trend currencies higher said parker mills currency analyst shearson lehman brothers inc market wants take dollar lower uncertainty central bank action nervousness g meeting next week advance meeting international monetary fund could make price activity remainder week mills said addition although market relatively healthy gains february u leading economic indicators factory orders tuesday economic data could play larger role coming sessions analysts said friday employment statistics particular closely watched sloane said adding forecast rise non farm payroll jobs dollar reuter
canada co ltd year net oper shr dlrs vs dlrs oper net mln vs mln sales mln vs mln note excludes extraordinary loss mln dlrs dlrs per share reuter
intelligent systems makes cash payout intelligent systems master limited partnership said make cash distribution cts unit early april unitholders record march company said continued strength results prompted move intelligent systems added current plans sell assets previously announced successful may make distributions estimated cts cts unit earlier company reported fiscal third quarter ended december net income mln dlrs cts share fiscal third quarter results dlrs five cts share addition reported fiscal nine months net income mln dlrs cts share versus loss mln dlrs cts share fiscal first three quarters reuter
sec probes tre tre takeover attempt federal securities exchange commission sec looking possible securities laws violations connection unsuccessful bid producer sugarman take tre corp attorneys contacted sec investigators said attempt unit sugarman giant group ltd one point held pct stake tre help effort jefferies group inc los angeles investment banking firm sold option portion shares sugarman eventually acquired addition company controlled sugarman raised mln dlrs debt offering underwritten drexel burnham lambert inc help jefferies used portion proceeds buy tre stock finally reliance group holdings inc acquired nearly six pct tre according filing attorneys asked identified said sec investigating whether sugarman firms tre holdings working together without disclosing cooperation would required federal securities laws one attorney said sec also examining whether sugarman drexel made adequate intended usage proceeds prospectus mln dlr bond offering tre spokesman confirmed tre since december unit aluminum co america contacted sec investigators probe spokesman added tre chairman sec jefferies spokesman said sec asked information months ago part informal probe spokesman said jefferies cooperated agency heard nothing since time best knowledge jefferies target formal sec investigation connection tre bid said drexel spokesman acknowledged firm underwritten debt offering sugarman added nothing tre matter policy sec declines comment enforcement activities reuter
minstar inc said still interested acquiring borg warner
malaysian central bank sees higher growth gross domestic product gdp growth expected grow two pct one pct central bank said forecast compares one pct gdp growth forecast made treasury last october bank negara also said annual report gross national product gnp expected grow four pct declining pct said turnaround investor confidence since last november spurred moderate improvement oil commodity prices rise manufacturing exports growth expected come anticipated rise export earnings industrialised countries sustain average gnp growth three pct added bank negara said forecast assumes crude oil average dlrs barrel rubber cents kilo palm oil ringgit tonne tin ringgit kilo rise pct manufacturing exports said malaysia international terms trade turn around rise two pct declining pct five pct income higher private consumer spending likely recover expand budget remain strict control resource gap government finances current account near term bank governor hussein said report current account deficit expected narrow billion ringgit pct gnp billion pct gnp previous year bank forecasts inflation rate increase pct pct rise reuter
ashland oil sees nd qtr oper loss ashland oil inc said expects report loss operations second quarter company also said expects report mln dlrs net gain quarter excess pension funds used pay debt however difficult determine whether gain sufficient offset expected operating loss company said statement company spokesman would elaborate company ashland petroleum co unit operated loss january february since unable raise product prices enough recover higher crude oil costs ashland said although ashland petroleum retail marketing operation difficult quarter company ashland chemical coal businesses expected report good results quarter ended march year ago quarter ashland income operations mln dlrs corporate interest expenses taxes equity income items net income quarter mln dlrs dlrs share sales billion dlrs reuter
clark equipment stake acquired clark equipment co said informed arthur acting behalf group investors group accumulated shares pct clark outstanding common stock said recently approached clark repurchase shares however negotiations block repurchase unsuccessful terminated reuter
johnson products inc nd qtr feb loss shr loss three cts vs loss cts net loss vs loss rev mln vs mln six months shr profit four cts vs loss cts net profit vs loss rev mln vs mln note net includes loss discontinued operations dlrs two cts share versus cts share prior nd qtr six months net includes gain discontinued operations dlrs three cts share versus loss dlrs cts share prior six months reuter
shipping restrictions remain rhine limited shipping restrictions due high water remain force parts west german stretch rhine river dutch border city expected lifted weekend water authority officials said restrictions caused high water levels include speed limits keep middle river prevent damage river banks high water expected within two days levels restrictions come force traffic halted briefly late tuesday night wednesday parts thursday rhine bonn shipping bans lifted officials said shipping permitted parts west german section rhine restrictions areas reuter
art way manufacturing co rd qtr net shr profit cts vs loss cts net profit vs loss sales vs nine mths shr profit dlrs vs loss cts net profit vs loss sales mln vs note fiscal net profit includes tax credits dlrs quarter dlrs nine months periods end february respectively art way manufacturing co inc full name company reuter
schlumberger slb ends pact sell fairchild schlumberger ltd said terminated agreement principle fujitsu ltd buy pct fairchild semiconductor operations company said rising political controversy u concerning venture made unlikely sale fairchild stake could completed within reasonable time sale opposed u commerce department u defense department part national security grounds company said termination agreement opened possibilities including possible leveraged buyout semiconductor maker fairchild management interim fairchild would continue ongoing business within schlumberger oilfield services concern said last october schlumberger announced sale fairchild stake said would take mln dlrs charge fourth quarter sale company ended recording special charges billion dlrs fourth quarter leading loss billion dlrs year schlumberger never announced price sale industry analysts estimated value deal mln dlrs proposed sale antitrust review u justice department additionally commerce secretary malcolm u officials voiced reservations transaction since announced government officials expressed concern sale could reduce competitiveness u chip makers putting key advanced technology japanese hands new high technology semiconductors used supercomputers faster powerful existing computers schlumberger oilfield services company controlled french interests headquartered new york fujitsu ltd computer telecommunications company based japan reuter
bastian industries inc nd qtr jan loss net loss vs loss sales mln vs mln st half net loss vs loss sales mln vs mln note company recently went private latest quarter net includes dlr tax credit current half net includes gain dlrs pretax termination pension plan reuter
inc rd qtr feb net shr cts vs cts net vs revs mln vs mln nine mths shr cts vs cts net vs revs mln vs mln reuter
nippon life shearson tie seen setting trend nippon life insurance co mln dlr purchase pct stake shearson lehman brothers inc brokerage unit move japanese insurers likely follow securities analysts said investment one wall street top brokerage houses likely pay dollars international market position said part trend towards growing capital participation japanese insurance firms foreign financial institutions said simon smithson analyst kleinwort benson international inc tokyo investment shearson lehman growing firm described analysts top u retail brokerage give nippon life seat possibly lower commissions wall street invests increasing percentage assets billion dlrs said nippon life staff also acquire expertise business sectors yet opened japan added agreement two companies calls joint venture london investment advisory asset management market research consulting financing nippon life japan largest insurance company world biggest institutional investor analysts said japanese finance ministry expected approve deal april making nippon life first japanese life insurance firm take stake u financial firm limit foreign assets proportion japanese insurers assets increased pct pct last year since stepped purchases foreign stocks sought foreign markets instruments last year sumitomo life insurance co official appointed e f hutton group inc unit e f hutton co board sumitomo bank ltd spent mln dlrs become limited partner goldman sachs co smithson said japanese banks started buying smaller problem banks japanese going blue chip organisations said reflection happened manufacturing industries said brian james capel co historically high yen historically low interest rates increasing invest japan competition fund management grown along greater japanese savings salaried employee mln yen savings reflecting annual average savings rate pct said stay competitive fund managers must invest overseas gain experience financial instruments likely spread japan deregulation high regulatory environment delayed life insurance firms diversification growing number new products environment increasing competition performance fund management smithson said reuter
gerber sets deadline unit buyout gerber products co said given management cwt inc trucking subsidiary days pursue leveraged buyout subsidiary said cwt inc operations midwest southeast annual revenues approximately mln dlrs reuter
oil corp th qtr loss shr loss cts vs loss dlrs net loss vs loss revs vs year shr loss cts vs loss dlrs net loss vs loss revs vs reuter
co th qtr net shr dlrs vs two cts net mln vs revs mln vs mln avg shrs mln vs mln year shr loss dlrs vs loss cts net loss mln vs loss revs mln vs mln avg shrs mln vs mln note net periods includes mln dlr gain sale real estate year net includes charge mln dlrs restructuring bojangles restaurant unit charge dlrs exchange notes common stock year net includes charge dlrs related foodservice unit gain dlrs sale marketable securities reuter
group inc th qtr net shr profit cts vs profit cts net profit vs profit revs mln vs mln mths shr loss cts vs profit dlrs net loss vs profit revs mln vs mln note qtr ended company recognized expenses combined operations harper worldwide august tax gains relate primarily elimination facilities staff year provisions mergers restructuring expenses brought non recurring expenses tax gains represented merger costs related restructuring combine operations reuter
coastal cgp sees increase profits coastal corp said expected earnings significantly profits mln dlrs last year letter shareholders company newly issued annual report coastal chairman elaborate much earnings expected increase profits coastal natural gas production pipeline company halved levels due slumping energy prices company sales totaled billion dlrs last year coastal also said sold natural gas average price dlrs per drop pct previous year oil natural gas liquids sold average dlrs barrel reduction pct houston based company produced daily average mln cubic feet gas barrels oil said proved reserves yearend mln barrels oil billion cubic feet natural gas average reserve replacement costs dlrs per barrel oil equivalent past three year period representing little half industry average company said coastal gasoline retail outlets operated profitably expected continue company said reuter
leaf disease hits sri lanka rubber leaf disease affecting seven pct sri lanka rubber plantations may reduce output year raise currently depressed prices industry officials researchers told reuters hectares rubber planted rubber research institute clone hit fungus corenes pora attacks tree leaves disease first discovered six months ago trade sources say prices might boom crisis leads output target tonnes last year output estimated tonnes researchers say fungus could spread rubber clones immediate action taken considering asking estates remove trees seriously affected fungus late use chemicals disease institute spokesman said senior industry research officials met yesterday east discuss ways controlling fungus affecting estates mostly belonging state plantations corp estates development board two state owned groups account pct rubber land balance belonging small private producers total hectares new clone research institute high yielding recommended two years ago planting two state groups seriously planted clones preferred low yielding older malaysian clones officials yesterday crisis meeting said decided affected trees others would treated declined comment decisions taken trade sources said supplies improved past week prices hit lowest since last december shortage rubber prices bound rise spokesman company buying behalf soviet union said rubber prices particularly crepe fell sharply four rupees kilo december march best crepe one x traded rupees kilo averaged week auction sheet prices fell period quantities offered auction also fell average tonnes per auction last month tonnes december wintering early february producing areas tonnes offered tuesday auction supply position showing improvements trade sources said smaller availability rubber last month raise prices previous factors like less storage space excess stocks meant could buy much auction disposed rubber already one buyer said sources said forward contracts speculative buying last month delays arrivals problem european buyers delayed purchases winter closures factories also hope prices would ease said another problem could hit industry dry spell producing areas inter rains expected late march april delayed would shortages one official said could benefit prices buyer said reuter
liquidating trust sets cash payout unit distribution one dlr vs dlrs prior pay june one record may one note prior distribution declared april reuter
upper peninsula power co sets payout qtly dividend cts vs cts pay may one record april reuter
japan gatt south korea import plan japan told general agreement tariffs trade south korea five year import diversification plan violated spirit world trade governing body foreign ministry spokesman said notification came japan answer recent gatt unfair trade practices spokesman said five year plan starts year south korea aims reduce dependency japan source imported goods increase imports u europe japan move came several unsuccessful bilateral negotiations plan spokesman said notification represent anything formal complaint intended pressure south korea routine procedure followed gatt member states reuter
willcox gibbs inc th qtr net shr cts vs cts net mln vs mln revs mln vs mln year shr dlrs vs dlrs net mln vs mln revs mln vs mln note net includes extraordinary gain mln dlrs cts per share th qtr mln dlrs year reuter
japanese corporate earnings recovery predicted japanese corporate earnings rise pct fiscal first year year increase three years partly yen stable exchange rate nomura research institute said sales industries predicted rise pct year starts april research arm nomura securities co said statement profits estimated fall pct current fiscal year sales forecast drop pct forecast assumes average rate yen dollar compared yen current year corporate efforts cope yen appreciation cutting production costs expected bear fruit next fiscal year institute said economy also benefit pump expected government halt rising prices manufactured goods said profits manufacturing industries projected rise pct next fiscal year estimated pct fall current year non manufacturing sector profits decline pct estimated pct rise current year said reuter
quantum venture ups computer network stake computer network technology corp cnt said quantum venture partners lp private investment limited partnership acquired additional shares cnt common stock raising stake cnt pct pct currently outstanding shares cnt said quantum bought shares mln dlrs warrants bringing total investment cnt mln dlrs cnt also said sand technology systems inc canada bought two units data processing service major health care facilities canada reuter
speed print business th qtr net shr loss seven cts vs profit cts net loss vs profit revs vs year shr loss cts vs profit cts net loss vs profit revs vs note results include operations radio stations fm full year last six months speed print business machines corp full name company reuter
u house panel approves trade bill house ways means trade subcommittee unanimously approved toned version legislation designed toughen u trade laws wedge open foreign markets u goods measure goes full house ways means committee next week major changes expected congressional sources said product could well trade policy manner opens markets without word protectionism ways means chairman dan rostenkowski illinois democrat said trade subcommittee backed away specific retaliation foreign countries unfair foreign trade practices house approved trade bill last year held full ways means committee debate controversial plan rep richard gephardt mandate reduction trade surpluses u countries japan south korea taiwan gephardt missouri democrat decided exact form amendment aide said last year house approved idea force annual ten pct trade surplus cut countries trade bill legislation committees dealing relaxation export controls incentives research expanded worker training education efforts increase u competitiveness comprehensive trade bill considered full house late april considered senate committees requires president reagan retaliate foreign unfair trade practices mandate quotas tariffs allow exemption u economic security would u actions countries bill would make easier u industries win relief imports competitive products extends january administration authority negotiate trade agreements part new round multilateral talks general agreements tariffs trade includes provisions tighten trade rules copyrights patents telecommunications goods reuter
petroleum co th qtr loss shr loss cts vs loss dlrs net loss vs loss mln revs vs avg shrs vs year shr loss dlrs vs loss dlrs net loss mln vs loss mln revs mln vs mln avg shrs vs reuter
coradian corp year net shr profit one cent vs loss cts net profit dlrs vs loss revs mln vs mln note company said net extraordinary items taxes declined provide data items reuter
dillard dept stores inc declares qtly div qtly div three cts vs three cts prior pay may record march reuter
oxy plant without incident iowa beef processors inc said hundreds employees returned work dakota city nebraska beef processing plant without incident last week iowa beef said would lift effect plant since mid december affected members united food commercial workers union union non union returned work agreed comply iowa beef last contract offer start went well today operations continue pick employees return others hired according company statement members plant disrupt operations company spokesman said employees asked continue return work unless otherwise notified said iowa beef subsidiary occidental petroleum corp said beginning take applications permanent positions plant reuter
makes acquisition corp said acquired majority interest inc makes heart monitor use heart undisclosed terms company said device sold name heart monitor reuter
seaman furniture stock split seaman furniture co inc said board declared two one split company outstanding stock said holders common receive one additional share share held march said certificates representing additional shares distributed soon possible april reuter
inc st qtr jan net shr cts vs cts net vs revs mln vs mln note share adjusted five pct stock dividend december reuter
cityquest makes mln stg bid wickes cityquest plc newly formed company making recommended mln stg offer builders merchants company wickes plc wickes said statement accept effectively management buyout accepted holders pct shares statement said offer due decision wickes international corp member u wickes companies wix inc group holds pct stake realise much investment offer would enable wickes become fully independent bid succeeded wickes directors would become members cityquest board offer p cash every wickes share wickes last quoted p compared p friday close wickes shareholders also option taking one cityquest share p loan notes every p cash consideration henry chairman chief executive cityquest wickes intended cityquest name would changed wickes due course wickes came u k unlisted securities market january capitalisation mln stg cityquest fully paid share capital one mln stg g warburg securities commitments group investors subscribe mln stg shares mln stg subordinated convertible loan stock lead investor investors industry plc cityquest also loan facilities mln stg reuter
lac lac gold mine lac minerals ltd inc said completed second hole jointly owned mine quebec showed two significant gold intersections one graded ounce gold short ton feet depth feet graded ounce gold ton feet feet companies said hole feet east previously reported first hole said drilling another hole feet west first drill hole expected report results late march early april reuter
ccr video st qtr nov net shr cts vs nil net vs sales vs reuter
jim walter corp jwc regular dividend qtly div cts vs cts prior qtr payable april one record march reuter
lube buy control cardis cds corp said signed agreement purchase shares eight pct convertible preferred stock cardis corp representing voting control mln dlrs company said preferred purchase financed investment group led said also receive cardis five year options buy cardis common shares seven dlrs depending time exercise warrants purchase shares dlrs company said exercise options warrants would result investment mln dlrs execution definitive agreement expected april said subject completion financing arrangements closing expected may reuter
u says pact relief poorest states consensus far among industrial countries agreement providing debt relief world poorest nations senior u treasury official said official said consensus reached yet asked reports paris club western creditors agreed long term stretch african debt concessional interest rates official briefing reporters week imf meetings said issue would discussed week u open mind proposal object concessional interest rate relief reuter
bp bp unit sees mine proceeding british petroleum co plc said based feasibility report mining co joint venture project south carolina could start commercial gold production mid company said mine would produce rate ounces gold per year first four full years operation average ounces year full projected year life mine bp partner venture galactic resources ltd toronto company said subject receipt statutory permits financing arrangements management joint venture review construction short ton per day processing facility start capital costs bring mine production estimated mln dlrs reuter
treasury baker forecasts reduction japanese trade surplus year
tokheim tok sees improving sales tokheim corp manufacturer electronic petroleum marketing systems said expects shipments tokheim convenience systems new family improve sales trend throughout tokheim said shipments begin second quarter earlier company reported first quarter ended february earnings mln dlrs cts share dlrs cts share last year first quarter sales rose well said mln dlrs mln dlrs prior first quarter reuter
amcast industrial corp nd qtr net qtr ends march one shr profit cts vs loss cts net profit vs loss mln revs mln vs mln avg shrs vs six mths shr profit cts vs loss net profit vs loss mln revs mln vs mln avg shrs vs note figures qtr year prior include pre tax restructuring charge mln reuter
ambrit inc abi th qtr jan net shr cts vs nil net vs revs mln vs year shr cts vs nil net vs revs mln vs mln note per share amounts payment preferred stock dividends reuter
cathay pacific airways net profit billion h k dlrs vs mln
inc came nd qtr jan net shr nine cts vs one ct net vs sales vs six mths shr cts vs five cts net vs sales vs reuter
iowa grain elevator burns explosion fire today damaged grain elevator bancroft iowa thousands grain authorities said pre explosion elevator open fire followed continued burning late morning contained according police department reported lone rock facility said elevator corn nearby building holding soybeans fire explosion second four days iowa following archer daniels midland elevator burlington last friday reuter
pubco declares dividend right pubco corp said board declared dividend distribution one common stock purchase right outstanding share pubco common stock said right entitle shareholders buy one share common stock exercise price three dlrs rights exercisable person group acquires pct pubco common stock announces tender would result ownership person group pct common stock company said pubco said entitled redeem rights cts per right time pct position acquired certain circumstances said exercise price substantially reduced event acquisition pct common stock pubco acquired merger transaction right entitle holder purchase right current exercise price number acquiring company common shares market value time twice right exercise price company said dividend distribution made march payable shareholders record date rights expire ten years later march company said pubco said rights distributed response specific effort change control pubco board aware effort reuter
yugoslav retail prices pct march yugoslav retail prices march rose pct february stand pct higher march federal statistics office fso figures show february retail prices rose pct january stand pct higher february cost living includes costs utilities transport pct march february stand pct higher march fso said february cost living increased pct january stood pct higher february reuter
philip crosby sees lower th qtr results philip crosby associates inc said expects audited results fourth quarter lower previously estimated cts per share philip crosby jr executive vice president said normal accounting adjustments well review company international operations due previously reported alleged resulted lower results philip crosby reported fourth quarter results mln dlrs cts share prior august two one stock split crosby said however expects company report higher first quarter revenues first quarter revenues mln dlrs crosby said levels management consulting service company month highest level company history reuter
international rd qtr oper loss qtr ended dec oper shr loss two cts vs loss cts oper net loss vs loss sales vs nine mths oper shr profit cts vs loss cts oper net profit vs loss sales mln vs mln international inc note oper data include gains tax benefit carryforwards dlrs three cts per shr qtr dlrs ten cts per shr nine mths reuter
multi media sees year end loss multi media barter ltd said expects report net loss dlrs cts share year ended december compared loss cts share prior year fourth quarter resulted net loss four cts compared loss six cts shares last year said currently process restructuring reducing expenses streamlining operations cut expenses dlrs less dlrs month reuter
canamax pacific trans ocean approve production canamax resources inc pacific trans ocean resources ltd said approved starting production jointly owned river gold deposit study recommended move said production conditional approval water license arrangement appropriate financing estimated development costs mine mill would total mln dlrs including three mln dlrs working capital feasibility study anticipated gold production ounces year cost canadian dlrs short ton said canamax pacific trans ocean said project would yield pct tax real rate return gold price u dlrs ounce said would mine tonnes proven probable reserves oxide ore grading ounce gold ton yearly rate tonnes mine life years possible reserves tonnes grading ounce gold ton break zone would extend mine life year considerable potential development oxide ore reserves deposit said reuter
fed sets two billion dlr customer repurchase fed says
dart seeks supermarkets sgl negotiations dart group inc said negotiate terms proposed acquisition supermarkets general corp early month dart made unsolicited offer dlrs share cash supermarkets general stock letter sent friday supermarkets general dart said believe agreement reached best interests supermarkets general stockholders management employees customers end prepared negotiate terms acquisition agreement dart said dart said urges meeting supermarkets general officials held promptly letter pointed company heard supermarkets general since making offer past monday informed offer would seriously considered would get back us timely basis arrange meeting dart said acted effort facilitate proposed acquisition adding purchased additional supermarkets general stock since prior offer dart said continues interested acquiring supermarkets general friendly manner noting given company suggested order allow evaluate available options dart owns mln supermarkets general shares slightly less five pct outstanding reuter
german industrial output rises pct february west german industrial production seasonally adjusted rose provisional pct february downwards revised decline pct january economics ministry said ministry originally estimated industrial production fell pct january february figure likely revised upwards one percentage point next month march figure released ministry statement said industrial production index base stood provisional february january december ministry previously put january december respectively february output index stood producing year year rise february pct february rise production aided sharp pct increase construction output compared january production many industrial sectors depressed unusually severe winter weather manufacturing industry registered pct rise production february compared january energy sector output fell nine pct mining production declined seven pct ministry considers two monthly comparisons better guide trends said output january february together fell around two pct november december ministry said construction output fell pct january february november december due cold january weather output energy sector rose four pct mining output pct manufacturing industry production fell pct january february compared november december within sector output basic products food tobacco alcohol fell pct production capital goods fell pct output consumer goods unchanged reuter
cytrx unit buys swedish company cytrx corp said pct owned cytrx biopool ltd subsidiary acquired biopool ab sweden undisclosed terms said former shareholders biopool ab remaining pct cytrx biopool ltd biopool ab develops cardiovascular products diagnostic applications company said cytrx biopool studying possible combination cytrx corp drug reduce blood biopool ab drug pa blood reuter
miners go strike south africa black miners went strike south african gold coal mines national union mineworkers num said num spokesman said workers began underground sit gold mine owned general union mining corp protest transfer colleagues different jobs said employees anglo american corp new also tools reason stoppage immediately clear officials two companies available comment num said trying start negotiations management reuter
champion parts asks judgment champion parts inc said asked federal district court chicago judgment recent mln dlr sale common shares warrants echlin inc ech champion said hearings thursday morning federal judge lawsuit charging federal securities law violations corp morris defendants defendants indicated would challenge transaction champion suit claims various champion investors failed disclose properly federal laws acting concert intended spin parts company sell balance within two years got control reuter
assets money market mutual funds fell mln dlrs latest week billion
babcock international plc l year div p making increase pct shr p vs p adjusted pretax profit mln stg vs mln net mln vs mln interest payable mln vs mln share associated co mln vs mln turnover billion stg vs billion reuter
borg warner amid rumors irwin jacobs sold stock arbitrageurs say
piedmont management co inc th qtr shr cts vs dlrs net mln vs mln year shr dlrs vs dlrs net mln vs mln note year th qtr include capital gains mln dlrs mln dlrs respectively extraordinary gain mln dlrs mln dlrs respectively year th qtr include capital gains mln dlrs mln dlrs respectively extraordinary gain mln dlrs reuter
medical products inc th qtr shr loss seven cts vs loss cts net loss vs loss sales vs year shr loss cts vs loss cts net loss vs loss sales mln vs mln reuter
princeville development corp pvdc year loss shr diluted loss cts vs profit cts net loss vs profit revs mln vs mln avg shrs diluted vs note current year includes loss mln dlrs takeover defense expenses also includes losses mln dlrs vs dlrs equity limited partnerships reuter
japan cuts chip supply may produce shortage japan attempting cut back semiconductor production mln dlrs u tariffs japanese electronic goods set take effect april industry analysts said move likely create sharp price rise possible shortage key computer components next weeks analysts said prices gone memory components mainstay japanese semiconductor industry analyst drew donaldson lufkin jenrette said analysts said price rises slight far questioned whether japan would successful forcing japanese companies cut production long run others however optimistic saying evidence already hand japan cut back halted sales grey market third country brokers sell chips production costs seen grey market begin dry virtually dried said merrill lynch analyst thomas two key memory chips used computers prices lead times deliveries stretching added industry analysts said japan ministry international trade industry miti requested cut backs production meet terms last year semiconductor accord u reagan recently proposed tariffs japanese electronic goods alleging japan failed live accord continued dump computer components u market analysts said japan attempt u double edged sword might read form trade retaliation tariffs proposed u production japan cut analysts argue prices rise u american semiconductor manufactures able take slack since long ago market memory chips u computer makers use chips machines pressured japanese looking ways reduce trade pressures washington time analyst said cut backs japanese production expected benefit u chip makers think could important factor u semiconductor manufacturers industry analyst co said analyst said take weeks see whether japan cut production said japanese manufactures likely view miti request chip capacity still high production cut backs would lead significant write offs plant equipment reuter
dyr liquidating dyr sets liquidating payout dyr liquidating corp formerly corp said board declared third liquidating dividend one dlr per share payable shareholders record april said file certificate dissolution date company said shareholders record date acquire beneficial interests liquidating trust formed hold company assets said asked american stock exchange suspend trading common stock close april ensure settlement traded april dyr said expects stock withdrawn registration securities exchange act shortly april dyr said pay date dividend april reuter
capital year net shr primary cts vs cts shr diluted cts vs cts net vs revs mln vs reuter
echlin inc ech nd qtr feb net shr cts vs cts net vs rev mln vs mln six months shr cts vs cts net vs rev mln vs mln reuter
colombia coffee marketing flexible colombia intends improve marketing coffee flexibility setting export registration prices finance minister cesar gaviria said speaking reporters announcing lower export registration price reintegro dlr per lb ex dock new york gaviria said export mechanisms would first stage decided lower reintegro also adopt flexible policy reintegro allow private exporters participate actively colombia coffee export policy said traders said means export registration price change often reflection market trends gaviria said measures merely responded new market factors since return system international coffee organisation ico export quotas may occur short term ico talks last month london failed break deadlock introduction export quotas suspended february gaviria stressed colombia necessarily suffer depressed prices compensate lower prices increased volume colombia continue export traditional amount coffee mln bags kilos without agreement among producers said ruled much higher volume exports mln bags mentioned market idea disrupt market colombia exported record mln bags coffee year ended last september gaviria words jorge cardenas manager national coffee growers federation said colombia sought adapt coffee marketing policy circumstances great expectation world policies brazil colombia adopt beginning emerge agreement among producers foreseeable immediate future told journalists trade sources rio today said brazil future export policy unlikely revealed end next week cardenas said new ico meeting could take place problems agreement recent london talks resolved asked comment reuter report jakarta saying indonesia hoped colombia could use contacts brazil suggest compromise quota issue cardenas said brazilian stand quite clear said brazil current quota reflects reality market allows orderly supply demand added needed assess criteria determined cardenas said lows registered immediately failure london talks triggered widespread fear among dealers imminent price war belief producers would go sell coffee quickly possible happen reuter
fed heller says wants see stronger japanese demand american goods
india gets mln dlr world bank loan world bank said approved mln dlr loan india help lessen country dependence imported oil spur development petroleum resources bank said loan used boost production gas partially depleted oil fields assist exploration areas including drilling exploratory wells bank said year loan oil india ltd oil smaller two public indian petroleum exploration production companies reuter
security pacific spc buys orbanco security pacific corp said completed previously announced acquisition orbanco financial services corp receiving federal approval deal security pacific said federal reserve board approved wednesday purchase portland ore based bank holding company financial services concern purchase orbanco mln dlrs cash common stock effective days security pacific spokeswoman said terms call share orbanco common stock exchanged dlrs security pacific common stock plus dlrs cash share orbanco dlr par value preferred stock exchanged dlrs cash plus accrued dividends orbanco one billion dlrs holding company oregon bank orbanco real estate service co american data service inc orbanco securities corp security pacific four major regional bank purchases outside california completed pending security pacific bought arizona bank assets four billion dlrs fourth quarter pending approval currently purchase rainier bancorporation assets billion dlrs anticipation legislative changes take effect security pacific also negotiated future purchase nevada bank assets mln dlrs security pacific sixth largest u bank holding company assets billion dlrs reuter
enterprises inc nd qtr jan net oper shr profit two cts vs loss cts oper net vs loss sales vs st half oper shr profit cts vs profit eight cts oper net profit vs profit sales mln vs mln note current year net excludes tax credits dlrs quarter dlrs year reuter
new zealand press group buys texas newspapers independent newspapers ltd inl said bought two community newspapers houston texas subsidiary undisclosed sum inl said statement houston community newspapers inc bought south west advocate south advocate combined circulation associated assets advocate communications corp inc inl publishes morning evening newspapers well new zealand provincial newspapers rhode island pct inl owned news ltd australian subsidiary news corp ltd production administration two publications would transferred company existing centre houston inl said acquisition took effect march inl chairman alan said purchase would enable subsidiary offer combined distribution nine community newspapers homes greater houston area trading conditions area particularly difficult city economy depends large extent petroleum industry situation improve medium long term investment prove sound said reuter
republicbank rpt brazil loans republicbank corp said placed mln dlrs intermediate term loans brazil non accrual basis march said reclassification reduce first quarter earnings mln dlrs taxes mln dlrs taxes brazil change position moratorium interest payments republicbank also said net income first quarter expected mln dlrs cts share fully diluted basis year ago first quarter company earned mln dlrs cts share company also said first quarter results expected include provision loan losses mln dlrs mln dlrs net loan charge offs mln dlrs said provision increase loan losses mln dlrs pct loans republicbank total assets billion dlrs announced december agreement interfirst corp form first republicbank corp merger approved regulatory agencies stockholders would create th largest bank holding company united states reuter
weatherford suspends preferred payouts weatherford international said suspended indefinitely payment regular quarterly dividend cts per share convertible exchangeable cumulative preferred stock weatherford said sixth non payment dividend stock said payment would april weatherford also said holders preferred stock right elect two additional directors board directors reuter
swire plans bonus issue higher profits swire pacific ltd swpc hkg said plans one five bonus issue b shares following earlier report pct jump net profits billion h k dlrs company also announced final dividends cents per share cents per b share cents year ago recorded extraordinary gains billion dlrs mainly derived sale april pct stake cathay pacific airways ltd caph hkg line airline reuter
aero services sees better aero services international inc said expects achieve improvements overall operations year ending september earlier aero reported year end net loss mln dlrs compared profit dlrs company said loss attributable costs associated acquisition costs operating losses nine aviation fixed base operations purchased august discontinued weather service flight segments reuter
inc got th qtr net shr cts vs cts net vs sales mln vs mln avg shrs vs year shr cts vs cts net vs sales mln vs mln avg shrs vs reuter
commonwealth mortgage buys firm commonwealth mortgage co said purchased funding corp n undisclosed amount cash commonwealth said mln dlrs residential mortgage loans reuter
u warns dependence foreign oil white house ordered report said growing u reliance foreign oil year could potentially damaging implications national security energy department study several options curb reliance foreign oil makes recommendations president reagan congressmen previously ruled tax foreign oil way curb imports help depressed domestic oil industry energy secretary john herrington said statement although made gains energy security last six years report shows justification national concern declining competitiveness domestic oil gas industry rising oil imports report said imports last year pct u consumption mid could rise pct among report options ease u reliance foreign oil several already advocated reagan administration president reagan ordered study last september citing determination country never become captive foreign oil cartel referring opec led oil shortages sharp prices increases report said import fee would raise prices help make economical u oil firms find produce new oil well cut imports whole tax would depress nation economy study outlined new york times report today reuter
u defends stockpiled tin sales united states defended sales stockpiled tin reaction criticism malaysian miners said violated agreement southeast asian producers united states continued abide spirit memorandum understanding asean states gsa tin disposals state department spokesman said statement views asean governments taken account determining disposal levels statement said united states asean countries signed memorandum understanding concerning tin disposals u general services administration gsa december latest annual report states chamber mines said gsa sold tonnes tin well agreed upon annual limit tonnes united states appears lost sight u asean memorandum understanding said state department statement said gsa tin disposals increased calendar year due changed market conditions first quarter calendar year running lower rate compared spokesman declined say much stockpiled tin gsa sold last year however reuter
ltd th qtr loss shr loss four cts vs loss cts net loss vs loss mln revs vs year shr loss cts vs loss cts net loss mln vs loss mln revs mln vs mln reuter
esselte business systems inc ups payout qtly div cts vs cts prior pay march record march reuter
corp ltd st qtr jan net shr cts vs cts net mln vs mln revs mln vs mln avg shrs mln vs mln note company owns pct bramalea ltd reuter
two japanese steelmakers capital spending falls steel corp said parent company capital spending year april fall billion yen billion current year sumitomo metal industries ltd smit said capital spending drop billion yen billion companies said plan start new large construction projects linked production increases coming year yen appreciation slow world steel demand reuter
first american financial special payout first american financial corp said board declared special dividend cts per share regular ct quarterly dividend payable april holders record march reuter
hunt manufacturing co sets payout qtrly div cts vs cts pay april record april reuter
summit tax exempt bond fund sets payout qtrly div cts vs cts prior pay aug record april one reuter
bsi raising mln swiss francs via rights issue banca italiana z said planned one rights issue pct nominal value raise mln francs new capital rights issue would value shareholders swiss francs per bearer share per registered share bsi also seeking shareholder authorization new participation certificates nominal value francs without rights shareholders back future convertible warrant bonds purposes existing franc b tranche certificates would split five one split would improve existing certificates chief executive giorgio told news conference new bearer shares would priced francs compared closing price last friday zurich stock exchange registered shares would issued francs market price reuter
ccc accepts export bonus cattle egypt u commodity credit corporation ccc accepted bid export bonus cover sale head dairy cattle egypt u agriculture department said department said cattle delivery may june bonus awarded dlrs per head bonus made first interstate trading co paid exporter form commodities ccc stocks department said additional head dairy cattle still available egypt export enhancement program initiative announced september said reuter
echlin inc ech dividend increased pct qtly div cts vs cts prior qtr payable april record april two reuter
united jersey banks merge two banks united jersey banks said plans merge two southern new jersey member banks one mln dlr organization said united jersey bank fidelity bank based merged united jersey bank south order improve customer service maximize efficiency throughout southern new jersey markets raymond currently chairman board united jersey bank fidelity chairman merged bank company said reuter
opec within output ceiling subroto says opec remains within agreed output ceiling mln barrels day expected current fluctuations spot market one two dlrs indonesian energy minister subroto said told reporters meeting president suharto present weakness spot oil market result weather u europe reduced demand oil prices also forced refineries using old stock said denied opec exceeding agreed production ceiling asked opec output level replied mln barrels per day elaborate said appeared attempts market opec members stick cartel december pricing agreement would get present price difficulties predicted prices would recover third fourth quarters also reiterated need emergency opec meeting said opec expected see fluctuations spot price hope weak price predict price better third fourth quarters refiners said appeared used old stock deliberately cause slack demand market price fall opec would get period members stuck together reuter
technology rd qtr march net shr cts vs cts net vs sales mln vs mln avg shrs vs nine mths shr dlrs vs cts net vs sales mln vs mln avg shrs vs reuter
bat shares undervalued say stock market analysts bat industries plc l results upper end market expectations showed company strong position shares probably undervalued share analysts said bat shares p late afternoon trading previous p close touched high p earlier news pct rise annual profits billion pre tax stock market analysts said today generally weak stock market plus positions heavy buying bat shares run results caused fall share price current market people almost expect companies expectations said one analyst adding pretax profits billion stg forecast bat figure billion stg compared pretax profit billion brokers noted bat shift away underperforming industries decreasing share tobacco portion group seen good signs bat chairman patrick sheehy told news conference tobacco sector company declined pct pct four years ago sheehy said could see tobacco portion company declining sectors increased importance said bat looking expand area financial services particular u sheehy also said group sizeable acquisitions sight near future analysts said bat increasingly good performance u k insurance area encouraging declining debt equity ratio currently pct also made likely bat would soon looking make major acquisitions said reuter
premier industrial corp pre regular dividend qtly div cts vs cts prior qtr payable april record march reuter
acquire four banks corp billion dlr holding company said entered agreements acquire four florida banks assets totalling mln dlrs terms agreements disclosed four banks central bank county assets mln dlrs bank pensacola assets mln dlrs vista bank operates vista bank county assets mln dlrs vista bank marion county assets mln dlrs said agreements subject regulatory approval reuter
woolworth holdings pretax profit mln stg vs mln year end january
research custom auto uses gas research inc said modified british ford passed european test reported engine consumed pct fuel stock engine said engine catalytic use exhaust gas air pump said company expected realize reduced fuel economy working improving fuel consumption company said new fuel system automobile separate announcement company said received confirmation european patent office successfully defended european patent competitor reuter
wall street stocks ich corp ich ich corp stock continued pressure lower earnings expectations wall street analysts said stock one today four since thursday ich announced would reporting lower expected fourth quarter net income company said would report full year net income dlrs per share compared dlrs per share analysts said estimated net dlrs looking dlr dlr range ich officials unavailable comment reuter
novo co year pre tax income mln danish crowns vs mln sales billion crowns vs billion income tax mln crowns vs mln earnings per crown share crowns vs dividend pct unchanged reuter
saudi oil minister sees need alter opec pact saudi arabian oil minister hisham nazer said opec december agreement stabilise oil prices dlrs barrel implemented immediate need change nazer interview reuters television news agency visnews said saudi arabia producing around three mln barrels per day bpd crude oil well opec quota saudi arabia world largest oil exporter continue restrain production long opec members adhere pact nazer said nation opec agreed december cut production ceiling pct mln bpd abide fixed prices averaging dlrs barrel february nazer first interview since succeeding ahmed last october said foresee need new measures th june next opec meeting take place scheduled nazer said opec producing mln bpd members abiding agreements heard news every violations verified said opec production curbs boosted world oil prices year low around eight dlrs barrel last august near dlrs announcement december pact spot market prices slipped two dlrs february firmed past two weeks near opec levels traders gained confidence opec price output discipline nazer said saudi arabia would continue produce mln bpd quota necessary defend dlr price long opec members adhere program devised december saudi arabia continue adhere agreement said current production three mln bpd includes oil neutral zone shared kuwait sales floating storage nazer said king fahd saudi arabia interview reuters visnews march said kingdom wanted oil price stability called non opec producers avoid harmful competition opec saudi arabia decide prices certainly price stability said nazer said output level mean kingdom returned role swing producer within opec saudi arabia allowed output sink low two mln bpd august compensate slack demand production opec states saudi arabia playing role played opec membership whole reduction mln bpd share opec market shared members opec nazer said nazer said opec estimated demand oil third quarter year would around mln bpd said circumstances changed sure opec members consult take necessary measures oil analysts say opec pact could come strain demand petroleum products generally falls northern hemisphere spring summer nazer said satisfied extent cooperation non opec producers norway egypt soviet union agreed help opec restraining production exports visited opec behalf earlier year ask country anything thought necessary stabilise market conditions help attain better pricing conditions nazer said said countries declined cooperate britain come proposals saw fit reuter
fibre co quarterly dividend qtly div cts vs cts pay april record march reuter
inc semi annual dividend semi annual div four cts vs four cts pay april record april reuter
corp increases dividend qtly div cts vs cts prior payable march record march reuter
usair u comment twa twa offer usair group inc said comment offer received trans world airlines buy usair dlrs cash per share usair spokesman david also declined comment piedmont aviation inc pie usair offered dlrs cash per share half piedmont stock dlrs stock balance piedmont also received offer norfolk southern corp nsc dlrs cash per share piedmont board meeting today company declined say agenda spokesman said could comment twa action norfolk southern corp nsc spokesman said company comment twa offer usair proposal negotiate three way merger twa usair piedmont details norfolk southern spokesman said company dlr share cash offer piedmont stands said offer twa said alternative merger usair would interested discussing three way combination among usair piedmont twa said three way merger would serve best interests shareholders three companies employees consumers reuter
ryan family steak house ryan sets split ryan family steak houses inc said board declared three one stock split payable may holders record may company said split subject shareholder approval increase authorized shares mln mln april annual meeting reuter
charter federal jefferson savings agree merge
sanwa bank acquires small stake portuguese bank sanwa bank ltd agreed buy two pct stake based banco de bpi portugal largest merchant bank sanwa official said sanwa purchase shares international finance corp bpi shareholder sister organisation world bank mln yen said acquisition completed month japanese governments expected give permission soon first time japanese bank bought stake portuguese bank sanwa plans increase stake bpi four pct ceiling foreign shareholders official said bank also agreed banco state owned merchant bank exchange information customers help accelerate japanese investment technological transfers portugal said reuter
three killed south africa zinc refinery three black workers killed seven injured fighting south african zinc refinery last night gold fields south africa ltd said company said two groups workers began local time plant kms east johannesburg said fighting minutes security staff police called fighting ended time arrived company spokesman said idea cause fighting investigation underway said reuter
taft tfb given deadline buyout proposal narragansett capital inc said dudley taft requested response taft broadcasting co march earlier today taft broadcasting said taft company vice chairman narragansett offered dlrs taft mln outstanding shares company said offer conditioned approval board spokesman declined comment whether board scheduled meeting narragansett taft group provide equity portion offer contributing least mln dlrs cash taft broadcasting common narragansett said said group advised first boston inc fbc first boston corp investment banker highly confident financing acquisition consummated narragansett said offer subject negotiation definitive merger agreement definitive financing agreements well approval regulators taft board taft stockholders narragansett taft group said letter taft board states group intends return control significant portion company equity taft family providing stockholders means attractive value shares reuter
renault chrysler accord chrysler buy amc nationale des renault pa said chrysler corp c signed letter intent chrysler plans buy american motors corp amo n pct owned renault renault president raymond levy said statement issued french state car group agreement important stage renault allow renault continue export programme u also opens cooperation major american statement said terms letter intent chrysler purchase renault stake held form bonds shares renault statement quoted chrysler chairman lee saying welcome amc shareholders chrysler family added accord would allow renault chrysler study development future products destined distributed renault chrysler north american world markets renault leader industry happy working quoted saying chrysler pay renault amc interests held bonds mln dlr bond pay mln dlrs renault share interests depending amc sales future profits renault statement said statement said agreement principle gave side days put together definitive accord approval would also necessary renault chrysler amc boards amc shareholders relevant government authorities deal goes ahead statement said amc shareholders renault receive chrysler shares shares valued four dlrs amc shareholders convertible preferential shares possibility exchange chrysler shares conditions would exchanging amc shares reuter
key u house panel major trade bill house ways means committee completed action legislation toughen u trade laws chairman dan rostenkowski said committee consideration one controversial provisions plan force major trade surplus countries cut trade imbalance united states deferred full house considers trade bill sponsor rep richard gephardt said gephardt missouri democrat told reuters certain exact form trade surplus reduction proposal would take last year house approved plan force pct surplus cutback year four years countries japan ways means trade bill forces president reagan retaliate unfair trade practices violate international trade agreements allows wave retaliatory tariffs quotas action would hurt u economy trade bill gives u trade representative clayton yeutter authority trade negotiations decisions grant domestic industries import relief also gives authority decide whether foreign trade practices unfair violate u trading rights powers currently held president reagan administration strongly transfer authority reagan yeutter bill also extends u authority negotiate multilateral trade agreements bill trade legislation voted house april reuter
north american inc th qtr oper shr one ct vs three cts oper net vs revs mln vs avg shrs mln vs mln year oper shr six cts vs cts oper net vs revs mln vs mln avg shrs mln vs note net excludes tax credits dlrs vs dlrs quarter dlrs vs dlrs year reuter
u business loans fell mln dlrs march week fed says
meyers co increases dividend qtly div eight cts vs seven cts prior payable may record april reuter
canadian roxy petroleum ltd year net shr profit five cts vs loss cts net profit vs loss revs mln vs mln reuter
metals furman selz report shares reynolds metals co rose sharply wall street firm furman selz issued report focusing strong earnings potential company australian gold holding traders familiar report said traders said report notes earnings australian gold holdings could worth cts cts share year dlrs two dlrs share reynolds metals rose three points volume shares reynolds owns stakes mount gold project boddington gold project located australia analyst familiar two mines said properties together potential value dlrs dlrs share reynolds analyst asked identified said rise stock today likely result u investors completely size importance reynolds holdings australia traders said furman selz report indicates gold discovered mixed bauxite boddington mine boddington principally bauxite mine traders said report goes say profits boddington gold substantially reduce production costs metals mined boddington traders said furman selz also boosted earnings estimates expecting reynolds metals earn dlr share eight dlrs share last year reynolds reported net earnings dlrs share included dlrs share adoption new accounting rules dlrs share tax loss carryforwards extraordinary items reuter
gencorp asks shareholders postpone action tender offer
corp nd qtr jan net shr cts vs cts net vs revs mln vs mln st half shr cts vs cts net mln vs revs mln vs mln reuter
barclays midland follow base rate cut barclays bank plc l midland bank plc l said cutting base lending rates pct pct cuts follow similar move national westminster bank plc nwbl l rate changes take effect tomorrow base rate reductions came bank england cut dealing rates morning signal money markets would resist half percentage point drop bank base lending rates market sources said end last week central holding market pressures lower rates apparent effort preserve expected rate cuts around time government annual budget march sterling remained firm around dlrs compared close friday dlrs reuter
chemclear inc terminates merger talks chemclear inc said terminated merger talks environmental systems co chemclear said unable reach agreement environmental considering buying chemclear chemclear said considering options including business combinations financing commercial lending financial institutions internal expansion reuter
group cut valero energy stake investor group told securities exchange commission plans cut stake valero energy corp shares pct total outstanding shares pct group led group luxembourg said filed sec feb notice proposes sell shares valero energy common stock reuter
h automotive technologies corp year net shr cts vs cts shr diluted cts vs cts net vs revs mln vs mln reuter
china trade deficit falls january china trade deficit january fell mln dlrs mln january china daily business weekly said quoting customs figures paper said exports fell billion dlrs billion imports fell billion billion reuter
group inc rd qtr feb loss oper shr loss one cts vs loss five cts oper net loss vs loss revs vs avg shrs vs nine mths oper shr profit cts vs profit cts oper net profit vs profit revs mln vs mln avg shrs vs note oper excludes tax losses vs qtr tax credits vs nine mths reuter
american express axp may sell shearson stake american express co said shearson lehman brothers inc subsidiary holding talks possible equity investment shearson lehman nippon life insurance co japan company said discussions led general understanding nippon life would purchase pct equity investment shearson lehman approximately mln dlrs american express shearson lehman nippon life would explore mutually business investment opportunities company said definitive agreement matter subject number conditions including approval american express board japanese ministry finance company said board scheduled meet march regular monthly sessions american express said continuing evaluate various action strategic importance shearson lehman addition possible investment nippon life said options range expanding shearson capacity meet international competition access capital company also said action study reflect continuing integral role shearson lehman american express worldwide financial services strategy reuter
london sugar trades session highs midmorning raw sugar futures firmed session highs midmorning securing gains last night basically steady close dlrs tonne lot volume situation continued play part extended rally unsettled dollar rates versus sterling providing additional support recent prospective whites buying world market raws section lacked feature dealers said india egypt bought white sugar week next week sees tenders pakistan greece syria said may dlrs asked last night london daily prices rose two dlrs tonne tone raws price set dlrs fob dlrs stg cif whites price dlrs yesterday reuter
diamond shamrock dia raises crude postings diamond shamrock said raised contract price pay crude oil cts barrel effective today increase brings company posted price benchmark grade west texas intermediate dlrs bbl diamond shamrock last changed postings march reuter
industries inc sets quarterly qtly div six cts vs six cts prior pay april one record march reuter
national data pact signature national data communications inc said longer issue majority shareholder signature capital corp mln common shares previous agreement national said entered new agreement signature would owned pct national common prior pact new pact national said granted signature five year option acquire two mln shares common option price equal current market value national mln shares outstanding reuter
development corp america dca merged development corp america said merger lennar corp completed stock longer existed development corp america whose board approved acquisition last november mln dlrs said merger effective today stock represents right receive dlrs share american stock exchange said would provide details later reuter
ameritrust proposes stock split ameritrust corp said board proposed two one split common subject stockholder approval may meeting company also said intends recommend increase annual regular dividend least two dlrs per share split beginning may dividend current annual payout dlr per share ameritrust currently mln shares outstanding mln authorized shares said shareholders asked approve increase authorized common mln shares ameritrust also said submit shareholder approval amendment company charter regarding liability directors recommendation create classified board ameritrust total year end assets billion dlrs reuter
klm seeks stake british courier service klm royal dutch airlines klm said negotiating minority stake british commonwealth shipping plc bcom l courier service transaction might include convertible loan issue klm already active fast growing door door delivery market pct stake dutch courier service seeking buy one third iml air services group ltd british commonwealth two companies agreed earlier month klm take pct stake british commonwealth airline air u k ltd deal worth around two mln stg reuter
co inc st qtr feb net shr cts vs cts net vs revs mln vs mln reuter
jardine matheson holdings ltd jard hkg year shr h k cents vs adjusted final div cents vs making vs net mln dlrs vs mln turnover billion vs billion note profits excluded extraordinary items mln dlrs vs losses mln dividend payable general meeting june books close april may note bonus issue four new b shares par value cents every one share par value two dlrs books close august reuter
offshore investor pct n v based firm owned u k investor john said acquired shares inc pct total outstanding common stock filing securities exchange commission said bought shares investment purposes intention seeking control company reuter
john fairfax ltd first half weeks ended dec net shr cents vs int div cents vs pre tax mln dlrs vs mln net mln vs mln turnover mln vs mln income mln vs mln shrs mln vs mln note div pay may reg april net tax mln dlrs vs mln interest mln vs mln depreciation mln vs mln minorities vs net extraordinary profit rpt mln dlrs vs nil reuter
cocoa buffer stock accord closer delegates say international cocoa organization icco moved closer agreement buffer stock rules many delegates saying expect reach accord friday everyone convinced buffer stock rules place friday buffer stock put operation monday consumer delegate said atmosphere excellent delegates said buffer stock might operational monday could place around april rules agreed friday detailed package buffer stock manager buy sell cocoa presented buffer stock working group afternoon big step toward interesting stage negotiations delegates said package based negotiating principles informally agreed delegates bit bit long meetings icco executive director kobena erbynn small group delegates producers european community ec consumers scheduled consider paper separately jointly tomorrow proposal buffer stock manager would buy cocoa origins second hand market offer system would alert market via news agencies wanted buy cocoa include shipment details tonnage delegates said manager would buy cocoa competitive basis rather cocoa giving preference icco member country exporters standard price differentials would fixed origin similar determine relative competitiveness offers various cocoas different origins said differentials could reviewed request member country recommendation buffer stock manager delegates said revision would decided majority vote icco council buffer stock purchases non icco member countries would allowed exceed pct total buffer stock said purchases would limited tonnes cocoa per day tonnes per week could bought nearby intermediate forward positions added one underlying ideas rules package meaning virtually buffer stock manager market activities public little possible delegates said tin market collapse international tin council buffer stock ran funds cocoa delegates anxious install cocoa market mechanism said debate buffer stock proposal expected begin late tomorrow delegations feel pressure approaching friday deadline icco meeting due adjourn delegates said icco failed agree buffer stock rules january new international cocoa agreement came force existing buffer stock tonnes cocoa frozen place bank balance mln dlrs rules agreed though current semi annual council meeting last chance delegates cement buffer stock rules producers keen get market stabilizing mechanism turning stem decline world prices delegates said reuter
ministers feel ec forecasts pessimistic european community finance ministers discussed economic outlook nation bloc many said recent gloomy forecast ec commission pessimistic commission ec executive authority two weeks ago cut forecast economic growth community per cent year per cent predicted last autumn said economic prospects less promising past months sharp fall value dollar slowing world trade factors would restrain community exports diplomats said several member states led west germany britain france felt forecast gloomy especially since recent agreement leading western economic powers stabilise currencies around current levels many delegations feel commission report rather pessimistic said belgian finance minister mark eyskens meeting commission growth forecast west germany two per cent per cent made clear feels bonn room introduce additional measures stimulate economy would benefit rest europe two top german officials state otto hans told reporters bonn saw need moment action bolster ec biggest economy diplomats said backed britain france italy greece denmark supported commission view bonn bring new measures aid ec growth
place inc th qtr net shr seven cts vs cts net vs revs vs year shr cts vs cts net vs revs mln vs mln reuter
porsche half year earnings called satisfactory dr ing h c f porsche ag f said earnings first half year satisfactory despite burdens caused dollar weakness mark domestic demand semi annual shareholders report porsche said first half turnover fell six pct billion marks billion period however earnings satisfactory said without giving absolute figures domestic turnover fell pct mln marks mln foreign turnover dipped billion marks billion first half last year although export quota rose pct pct car sector accounted billion marks turnover billion year earlier said production dropped five pct cars manufacture models rose six pct units production models cut pct units would cut report said car sales fell four pct units comparable half year report said u demand continued models demand fell markets domestic sales pct units sales abroad rose five pct share exports sales rose pct pct investments reduced mln marks mln earnings hit lower sales lower value dollar currencies important markets nevertheless sales turnover would finish july year high level porsche said reuter
japan rubber stocks fall march japan rubber stocks fell tonnes march february march japan rubber trade association said stocks tonnes february year earlier comparisons march feb march crude rubber synthetic latex reuter
terra mines ltd year loss shr loss cts vs loss cts net loss mln vs loss revs vs note includes writedown mln dlrs costs mineral properties deferred exploration development lake northwest reuter
investors pct systems small investor group led providence r told securities exchange commission acquired shares systems inc pct total outstanding common stock group said bought stake dlrs investment purposes reuter
chrysler c sets stock split higher dividend chrysler corp said board declared three two stock split form pct stock dividend raised quarterly dividend seven pct company said dividend raised cts share cts pre split basis equal ct dividend post split basis chrysler said stock dividend payable april holders record march cash dividend payable april holders record march said cash paid lieu fractional shares split chrysler said mln shares remain purchased stock repurchase program began late program target mln shares latest stock split chrysler said statement actions reflect outstanding performance past years also optimism company future reuter
corp gec raises qtrly dividend qtrly div cts vs cts prior pay march record march reuter
u jobs data said rule fed tightening steep drop goods producing jobs u march non farm payroll employment makes unlikely federal reserve tighten monetary policy defend dollar economists said u march non farm payroll employment rose less gain financial markets expected manufacturing employment fell compared february gain march construction employment dropped unchanged february momentum industrial activity end first quarter said stephen roach morgan stanley co inc sets stage sluggish growth second third quarters fed view caution flag economy said ease long dollar weak clearly tighten david data resources inc said downward revision february non farm payroll employment means employment gains first quarter weaker expected left first quarter forecast real u gross national product growth pct said march jobs data suggested downward revision second quarter growth forecast pct pct bill sullivan dean witter reynolds inc said average monthly gain non farm jobs first quarter compared fourth quarter momentum first quarter labor force activity less assumed said gains goods producing jobs best rules fed tightening exchange related purposes march average fell back january level hours hours february manufacturing hours also fell back january level totalling hours march compared hours february commerce department noted loss manufacturing jobs march concentrated automobile electrical electronic manufacturing robert securities international said decline auto manufacturing employment accounted nearly half total drop manufacturing jobs economists said build auto inventories resulting steep drop sales finally caught labor force may point slower growth ahead expect increase inventories much five pct offset steep four five pct drop final sales first quarter gnp accounts roach said expects first quarter u gnp rise two pct followed gain pct best second third quarters said march drop industrial activity reasonable response light contribution inventory made gnp economists said employment data also suggest weak gains industrial production personal income march expect marginal gains small declines indicators compared february increases pct industrial production pct personal income lehman government securities said drop march construction employment may also signal drop march housing starts rose pct february million units annual rate million units january rate unemployment fell pct lowest level since march pct february pointed resulted drop labor force fell mln march mln february means fewer people looking work drop unemployment mean much said said latest employment report concern fed points gnp growth first half pct suggest afford tighten quickly either statistical factors used seasonal fluctuations jobs data may march labor force gains seasonal factors probably january february said consistent forecast pct first quarter gnp growth economic growth remains sluggish think federal open market committee changed policy meeting week point inclined ease said time however march employment report increases likelihood tighten regardless dollar reuter
inc th qtr loss shr loss cts vs loss dlrs net loss vs loss sales mln vs mln avg shrs mln vs mln year shr loss dlrs vs loss dlrs net loss vs loss sales mln vs mln avg shrs mln vs mln reuter
u k retail sales rise pct february volume u k retail sales rose provisional seasonally adjusted pct february falling final pct january figures released department trade industry show february sales index base put preliminary final january three months december february level sales little changed previous three months nearly six pct higher year ago period non seasonally adjusted value basis retail sales february provisional pct higher year earlier department noted latest figures similar average fourth quarter last year well january index depressed effects severe weather february trading period comprised four weeks february final february retail sales figures published april reuter
pacific gas said accounting change reduce net mln dlrs
south atlantic financial corp th qtr shr cts vs cts net vs year shr cts vs cts net vs note per shr amounts reported preferred stock dividend requirements reuter
corp sets regular payout qtrly div cts vs cts pay may record april reuter
monetary authorities said lose credibility monetary authorities major industrialised countries lost credibility week dollar sold despite pleas ministers widespread central bank intervention dealers said dollar fall yen follows last month paris currency stabilisation agreement u japan west germany britain france canada dramatic reversal success group five g new york plaza meeting weaken dollar said g market agreed dollar time market authorities different sides dealers said apparent confusion ranks g nations encouraged market challenge authorities despite concerted intervention central banks united states japan britain west germany said pleas japanese finance minister kiichi miyazawa action stabilise dollar matched weekend comments u treasury secretary james baker target zone dollar dollar sold yesterday comment baker stood paris accord nothing reverse sentiment dealers said intervention backed remarks fed chairman paul volcker japanese central bank governor satoshi sumita months ago would brought dollar fall halt done little slow rate decline noted situation raised question whether intervention succeed trend today huge currency markets dealers said market cool response intervention reflected basic dollars means current dollar selling speculative nature backed real demand said deputy general manager sanwa bank dealers said dollar remain weak despite intervention matter time operators try push yen dollar closed tokyo today new york record low tokyo last tuesday dealers said dollar gain temporary support rise yen toward early april group seven industrial nations meets discuss currencies market expects seven nations paris six plus italy try agree another way stabilise currencies apart intervention chief dealer u bank said dealers said unsure methods could used sceptical long paris accord nations u remain willing prevent dollar fall given continuing high u trade deficit especially japan pressure protectionist u congress lower dollar also limiting washington options said market thinks central bank action slow dollar fall push back yen said manager long term credit bank japan another bearish factor dollar expected large forward dollar sales april june export bills falling due japanese exporters april september exporters delayed expectation yen depreciation dealers said yesterday request trading houses ministry international trade industry restrict dollar sales looks ineffective light real demand said market also active institutional dollar sales hedge currency risks bond holdings new business year starting april dealers said market seems established new dollar trading range yen one dealer said dollar traded yen paris accord february yen considered low end dollar yen said dealers believe dollar falls yen pick renewed downward momentum slide reuter
rocky mount expects profit first qtr hal weiss chairman president chief executive officer rocky mount co inc said expects company show profit first quarter fiscal weiss said sales strong following net loss dlrs cts share fourth quarter fiscal company reported net loss year dlrs cts share rocky mount recorded net income dlrs eight cts per share first quarter fiscal weiss attributed poor year problems involving management manufacturing operations financial condition credibility among suppliers weiss predicted pattern quarterly characterized reversed see company return profitability reuter
akzo buys rhone poulenc household units dutch chemical group akzo n v akzo said agreed take household product subsidiaries french group rhone poulenc pa undisclosed sum agreement akzo acquire household product activities lyons based based units rhone poulenc together activities account mln french francs annual sales akzo said akzo integrate firms partially joined french activities consumer products division reuter
minstar inc said sold mln borg warner shares
u banks sets pct pct pct rates billion dlr offer
indonesia urged deregulate economy world bank president barber conable linked increased borrowing indonesia third world sixth largest debtor fresh measures deregulate trade protectionist barriers would like see indonesian government continue adjustment process move towards increased deregulation economy conable told press conference end three day visit jakarta conable directly linked bank help indonesia hard pressed balance payments measures government reduce protectionism increase efficiency world bank last month granted indonesia mln dlr trade adjustment loan said loans would depend economic policies indonesia adopted said meetings president suharto leading indonesian ministers called specific policy changes initiative rest indonesian government dictate stated indonesia asian member opec badly hit last year slump oil prices cut revenues crude exports half conable termed frank meeting morning suharto voiced support measures already taken including september pct devaluation efforts deregulate imports stimulate exports government rely support world bank continuing program adjustment economic realities today world said bank indonesia billion dlrs past years lending one billion year world bank would probably like see dismantling barriers measures reduce indonesia protected monopolies areas like steel plastics cement western bankers diplomats said government already said announce deregulation measures given timetable also considering selling loss making state companies conable said bank would try help indonesia find funds cover share development projects otherwise would postponed japan ex bank announced mln dlr credit last month reuter
says u zinc stocks higher february total u zinc stocks held smelters rose short tons end february short tons end january american bureau metal statistics reported zinc production increased short tons february short tons january shipments smelters plants declined short tons february short tons january reuter
mayfair industries inc th qtr net oper shr cts vs cts oper net vs revs vs avg shrs vs mths oper shr cts vs cts oper net vs revs mln vs mln avg shrs vs note excludes tax gain dlrs qtr year reuter
expects ec gulf problems solved french foreign minister jean bernard predicted published interview successful end negotiations admit gulf petrochemical exports european community ec negotiations way community six nation gulf cooperation council gcc three years due tomorrow oman first official visit united arab emirates uae told semi official daily al confident solution would soon reached confident problems two big partners gcc ec find solution work reach solution said interview conducted paris ec decision impose tariffs gulf petrochemical exports set quota strained trade relations two sides gcc members saudi arabia kuwait bahrain qatar uae oman threatening impose heavy customs duties european exports gulf solution reached said negotiations two groups took long time countries involved added time circumstances appropriate making crucial progress referring iran iraq war said efforts continue find solution despite prevailing difficulties said france continuing negotiations iran problems solved result contacts others remained unresolved gave details said france wishes normal relations iran reuter
reichhold rci raises materials prices reichhold chemicals inc said division increased nine cts per dry pound prices effective may said increase addition recently announced increases applies carpet paper textiles adhesives specialty end uses reuter
buy eight food stores co said agreed buy nine retail food stores dallas division safeway stores inc announced closing store division part restructuring terms disclosed expects take operation stores one construction late april addition stores bring dallas division stores said operates stores states reuter
corrected bankers trust new york bt payout qtly div cts vs cts prior pay april record march note full name bankers trust new york corp company corrects pay date april april story ran yesterday reuter
resources ltd year loss shr loss cts vs profit cts net loss vs profit revs vs note net includes dlr writedown oil gas properties reuter
buffton post investigation charge buffton corp said conduct investigation plant designated site result charge six cts per share second quarter year ago second quarter buffton reported net income cts share dlrs sales mln dlrs study completed nine months determine remedial action may required inc plant former owner split cost buffton said share cost dlrs reuter
fed says sets billion dlrs customer repurchase agreements
gatt debate u charges airbus subsidies u pursue complaint european governments unfairly subsidise airbus industrie aircraft consortium proceedings gatt civil aircraft committee gatt spokesman said today u presented case first time aircraft committee general agreement tariffs trade gatt special two day session ending today gatt rules cover pct world commerce member committee agreed open debate u complaint starting informal consultations holding special session july trade officials said tension eased permanent trade ambassador member european community van told reporters u decided go proper channels u trade officials made clear anger call unfair government support airbus voiced visit european capitals february letter calling special committee meeting washington charged france west germany u k spain ec commission unfair practices behalf airbus u charges europeans violating rules laid agreement trade civil aircraft washington presented reading rules purchase aircraft support development airlines special session asked committee confirm view official sources delegations said u views would considered informal consultations europeans would also free bring complaints american civil aircraft practices delegates said u position appeared give broad interpretation rules suggest civil aircraft accord needed negotiating matters would considered informal meetings reuter
acme cleveland corp amt sets quarterly qtly div cts vs cts prior pay may record april reuter
marcus corp rd qtr feb five net shr cts vs cts net vs revs mln vs mln nine mths shr dlrs vs dlrs net vs revs mln vs mln note net includes tax credits dlrs third quarter dlrs nine months compared dlrs dlrs periods reuter
federated department stores inc th qtr jan end shr dlrs vs dlrs net mln vs mln sales billion vs billion avg shrs mln vs mln year oper shr dlrs vs dlrs oper net mln vs mln sales billion vs billion avg shrs mln vs mln note latest year net excludes mln dlr charge loss early debt extinguishment net includes charges mln dlrs periods latest year vs charges mln dlrs periods earlier year merger divisions investment tax credits three mln dlrs vs dlrs quarter dlrs vs mln dlrs year latest year net includes nine mln dlr provision loss disposition two stores expenses another latest year net includes gain sale interest fort worth texas shopping center dlrs latest year net periods includes gain dlrs sale interest memphis tenn shopping center prior year net includes gain dlrs sale boston store division reuter
inc th qtr jan net shr cts vs cts net vs revs mln vs mln year shr dlrs vs dlrs net vs revs mln vs mln reuter
tesco buys pct hillards tesco plc tsco l said county bank ltd bought shares hillards plc behalf increasing stake pct shares bought p tesco making opposed mln stg bid hillards hillards shares gmt quoted one penny firmer p tesco one penny easier p reuter
brooklyn union gas co sets payout qtrly div cts vs cts prior pay may one record april reuter
investment firms cut cyclops cyl stake group affiliated new york investment firms said lowered stake cyclops corp shares pct total outstanding shares pct filing securities exchange commission group led mutual shares corp said sold cyclops common shares since february reuter
corning offer share hazleton share earlier agreement
harris co th qtr net shr profit cts vs loss dlrs net profit vs loss revs mln vs mln avg shr mths shr profit cts vs loss dlrs net profit vs loss revs mln vs mln avg shrs vs note net loss yr qtr includes charge cts per share expenses related restructuring company domestic alloy business reuter
packaging systems buy label firm packaging systems corp said agreed acquire walter richter labels inc privately held maker labels based n j terms acquisition expected completed within days disclosed reuter
hospital staffing services inc st qtr feb oper shr six cts vs two cts oper net vs revs vs note prior year net excludes dlr tax credit reuter
buffton corp buys b instruments buffton corp said completed purchase b inc two mln dlrs cash shares common stock said b private company headquartered kansas sales dlrs buffton said company designs manufactures aviation computer display systems engine instrumentation reuter
york international make acquisitions york international corp said agreed acquire co inc undisclosed terms company said makes refrigeration equipment also makes refrigeration equipment together two revenues mln dlrs company said hopes complete acquisition may subject review regulatory approvals reuter
systems inc rd qtr jan net shr cts vs cts net vs revs mln vs mln nine mths shr dlrs vs dlrs net mln vs mln revs mln vs mln reuter
restaurant management services payout qtly div cts vs cts prior pay april record april nine note full name restaurant management services inc reuter
german february central bank money grows annual pct january bundesbank data
varity vat sees improved results st qtr varity corp earlier reporting full year loss prior year profit said improvement expected balance fiscal new products fill inventory pipeline cutbacks operating costs realized newly acquired dayton business fully integrated however operating results likely remain pressure first quarter ending april said varity earlier reported loss fiscal ended january mln u dlrs compared year earlier profit mln dlrs varity said continued deterioration major markets weakening u dollar delays launching major new lines contributed full year loss industry demand farm machinery continued latest fiscal year worldwide industry retail sales sliding pct last year depressed levels company said however varity increased share global market one pct pct said combined impact costly sales incentives foreign exchange adjustments margins substantial varity said reuter
buys fm station plans share issue inc said agreed acquire pct quebec city radio station fm issue subordinated voting shares company cover portion purchase price said purchase price terms transaction disclosed transaction subject approval canadian radio television telecommunications commission reuter
manufacturers mhc puts brazil non accrual manufacturers hanover corp said placed billion dlrs medium long term loans brazilian borrowers non accrual yesterday meaning income recorded actual cash payments received result net income first quarter reduced mln dlrs brazil suspended interest payments term debt february continues defer interest payments rest year net income whole would reduced total mln dlrs u bank accounting guidelines require loans placed unless interest payments past due days however manufacturers hanover said light current circumstances appropriate record income brazilian loans cash payments received added believes brazil reach agreement banks debt restructuring interest payments received later company earned mln dlrs first quarter mln dlrs whole year reuter
usair group rejects trans world airlines takeover bid
cosmetics inc st qtr net qtr ends feb shr cts vs cts net vs revs vs reuter
louisiana pacific sell sawmill louisiana pacific corp said plans sell sawmill oregon acres construction co company said finalized early april terms disclosed reuter
japan february unemployment falls pct pct january official
dayton hudson corp dh th qtr jan oper net oper shr dlrs vs dlrs oper net vs revs billion vs billion year oper shr dlrs vs dlrs oper net vs revs billion vs billion note period ended february one note results exclude earnings discontinued operations mln dlrs nine cts share vs mln dlrs three cts share quarter mln dlrs two cts share vs mln dlrs three cts share year earnings exclude gain sale b mln dlrs cts share period earnings exclude extraordinary charge purchase redemption debt mln dlrs cts share quarter mln dlrs cts share year reuter
syria seeking white sugar april trade syria hold buying tender april tonnes white sugar shipment june july august rate tonnes month traders said reuter
cocoa council chairman seeks buffer compromise international cocoa organization icco council chairman denis bra kanon said attempt reach compromise buffer stock rules international cocoa agreement bra kanon called bilateral consultations among producers consumers thursday morning resolve outstanding differences much non member cocoa buffer stock purchase differentials fixed different origin cocoa consumer delegates told reporters bra kanon expected meet eight delegations attempt iron remaining problems producers consumers indicated support principle draft buffer stock rules package past week small working group consumer delegates said despite remaining differences delegates remained confident buffer stock accord would agreed friday council session ends certain technical points need clarification delegates said certain consumers concerned differentials included draft buffer stock package line market realities consumer delegates said unless modified fears would promote purchases quality cocoas ghana origin normally required manufacturers said restrictions buffer stock purchases non member cocoa might lead supply overhang malaysian cocoa would depress prices added reuter
new chief elected world sugar organisation dominican take executive director international sugar organization iso mid april iso officer charge said previous iso chief william miller retired end february last year told reuters first aim put house order new administrative sugar pact improved allocations voting rights financial contributions done time dedicated working towards new international sugar agreement economic clauses said currently dominican republic ambassador austria netherlands un geneva said visit four major exporters australia brazil cuba european community talk governments producers find problems preventing countries finding common ground new sugar pact reuter
cable systems inc th qtr loss shr loss dlrs vs loss cts net loss vs loss revs vs mln year shr loss dlrs vs profit two cts net loss vs profit revs mln vs mln note current periods include mln dlr charge possible inventory provision dlrs consolidation cable manufacturing plant reuter
ferruzzi deal cpc worth mln dlrs ferruzzi group holding company agricola spa pay mln dlrs european corn wet milling business cpc international inc agreement reached principle two companies statement ferruzzi released brussels office said cpc announced agreement yesterday new york said price would excess mln dlrs ferruzzi said deal subject agreement several clauses contract needs government said deal would involve starch factories employing people eight european community countries plus facilities commercial operations ec states factories capacity produce equivalent mln tonnes starch starch products year one third ec production mln tonnes cereals ferruzzi said acquisition assets would extend presence european agro industrial industry terms products said already principal ec producer sugar soya oil major cereal trader noted ec output subject maximum quotas cpc currently holds pct share said foresaw increase industrial uses starch future notably production ethanol fuel gardini president ferruzzi group said present management cpc milling business asked remain posts reuter
iroquois brands lyon foods claims iroquois brands ltd said sued lyon food cos inc seeking mln dlrs damages connection april nine mln dlrs purchase iroquois former specialty food products segment iroquois said based upon believe charge income required result claim reuter
th qtr loss shr loss cts vs loss three cts net loss vs loss rev mln vs mln months shr loss cts vs profit cts net loss vs profit rev mln vs mln note net loss th qtr includes charge restructuring mln dlrs tax cts share net loss includes tax special charge mln dlrs cts share reuter
computer microfilm sees higher net computer microfilm corp said expects revenues mln dlrs higher earnings company today reported earnings dlrs revenues dlrs earnings dlrs revenues dlrs year reuter
guardian royal profit sharply mln stg year dec shr profit p vs loss p final div p making p vs total p pretax profit mln stg vs mln general underwriting loss short term business vs note company full name guardian royal plc l underwriting profit long term insurance business mln stg vs mln loss discontinued international professional business nil vs mln stg investment income mln stg vs mln less interest payable mln stg vs mln tax mln stg vs mln minorities mln stg vs mln extraordinary item contingency claims provisions discontinued international business nil vs mln stg reuter
belgium revises gnp growth forecasts belgian government lowered forecast nominal increase gross national product pct originally forecast pct prime minister martens said statement parliament said revision brings government forecasts closely line private institutions takes account anticipated slowdown world economy international trade said impact belgian economy limited due recent agreements wages working conditions agreed employers unions martens say much government expected gnp grow volume terms however last month government planning bureau said revised forecast pct pct belgium gross national product rose pct volume terms pct nominal rise reuter
illinois power co two months february net shr cts vs cts net vs revs mln vs mln avg shrs vs note per share results reflect payment preferred dividend requirements reuter
japanese groups urge drastic economic package japan leading economic organisations urged government prepare drastic pump measures even cost prime minister yasuhiro nakasone planned tax reforms officials involved said officials federation economic organisations keidanren said meeting government officials government issue construction bonds emergency measure prop economy keidanren suggested proceeds sales stocks newly privatised nippon telegraph telephone corp also used stimulate economy keidanren chairman saito said dollar fall yen would create huge unemployment bankruptcies could shake foundation japanese economy keidanren meeting written request drastic reflationary measures sent government japan chamber commerce industry organisations called stepped bank japan intervention stabilise exchange rates chamber head told press conference economic package powerful enough push japan gross national product gnp two pct said government could cope present critical economic condition even put plan stop issue deficit covering bonds fiscal plan reduce fiscal budget nakasone fiscal reconstruction program reuter
texaco canada lowers crude postings texaco canada said lowered contract price pay crude oil canadian cts barrel effective today decrease brings company posted price benchmark grade edmonton swann hills light sweet canadian dlrs bbl texaco canada last changed crude oil postings feb reuter
canada sets oil industry aid package canada federal government provide mln dlr oil industry aid package includes cash incentives designed cover one third company oil gas exploration development costs energy minister masse announced aid program inject mln dlrs year oil gas industry could lead one billion dlrs new investment masse told news conference program affect drilling done anywhere canada april masse told reporters government oil industry aid package aimed small medium sized companies aid package called canadian exploration development incentive program restrict total payments individual company claim mln dlrs year masse said program probably generate new employment equivalent people working year said oil industry aid needed exploration development spending dropped least pct since world oil prices fell first half energy minister masse said federal government decided provide cash incentives large number non tax paying companies mainly small canadian firms receive full value incentive companies would immediately benefit tax benefits said federal government also wanted deliver aid program outside tax system finance minister michael wilson reviewing canada tax system plans announce tax reform proposals later spring important feature aid program decision let companies issue flow shares allowing investors benefit subsidy rather restricting benefits participating companies said allowing flow shares program make easier companies attract investors exploration development masse said told reporters department still considering whether allow partnerships entities qualify subsidy reuter
borg warner bor tells talks jacobs borg warner corp said discussions irwin jacobs interest possibility minstar inc jacobs controlled company given access certain non public information borg warner late february investor group headed jacobs offered dlrs share billion dlrs take borg warner borg warner said advised jacobs board would give minstar access company records minstar would provide satisfactory evidence sufficient financing committed carry whatever transaction proposed borg warner spokesperson said discussions jacobs minstar officials focused terms conditions company would consider granting minstar access information seeking borg warner spokesperson said company able reach agreement minstar borg warner granted minstar access records assurance discussions jacobs agreement reached company added reuter
cri insured mortgage investments lp payout mthly div cts vs cts prior pay may record march reuter
reuters buy p sharp canada reuters holdings plc l said agreed principle buy p sharp associates ltd toronto mln stg sharp time sharing network company finance economics energy aviation operates global switching network global limits systems foreign exchange trading sharp shareholders offered cash shares two settlement acquisition subject canadian government approval would created company reuters said given options number sharp shareholders covering pct common stock pending completion reuters review company sharp operates offices countries reported revenue mln canadian dlrs pretax loss mln compared mln profit however sharp said internal accounts showed company profit first two months end net assets totalled mln dlrs reuters statement said acquisition would fit perfectly package banking securities industries reuter
franklin age high income fund sets payout mthly div cts vs cts prior pay march record march two reuter
fed sets billion dlr customer repurchase fed says
atlantic express inc st half dec net shr given net revs mln note company went public reuter
graphics completes store sale graphics inc said completed sale newport beach art supply center standard brands paint co art store unit terms disclosed also said opened new sales service office irvine calif reuter
peat marwick main complete merger peat marwick main said merger completed tomorrow new firm known peat marwick rank among largest public account consulting firms u based combined revenues billion dlrs partners total staff offices created part merger announced last september peat marwick international main form peat marwick reuter
offshore investment firm ups france fund stake vbi corp offshore based investment firm told securities exchange commission raised stake france fund inc shares pct total pct vbi based islands british west said bought additional shares feb march said bought france fund stake investment purposes reuter
adams express co sets regular payout div cts vs cts pay april record april note company pays dividend cts three times annually bulk payment end fiscal year equal annual dividend cts reuter
japan february industrial production rose pct pct january drop official
saudi oil minister sees need alter pact saudi arabian oil minister hisham nazer said opec december agreement stabilize oil prices dlrs barrel implemented immediate need change nazer interview reuters television news agency visnews said saudi arabia producing around three mln barrels per day bpd crude oil well opec quota saudi arabia world largest oil exporter continue restrain production long opec members adhere pact nazer said nation opec agreed december cut production ceiling pct mln bpd abide fixed prices averaging dlrs barrel february nazer first interview since succeeding ahmed last october said foresee need new measures th june next opec meeting take place scheduled nazer said opec producing mln bpd members abiding agreements heard news every violations verified said opec production curbs boosted world oil prices year low around eight dlrs barrel last august near dlrs announcement december pact spot market prices slipped two dlrs february firmed past two weeks near opec levels traders gained confidence opec price output discipline nazer said saudi arabia would continue produce mln bpd quota necessary defend dlr price long opec members adhere program devised december saudi arabia continue adhere agreement said current production three mln bpd includes oil neutral zone shared kuwait sales floating storage nazer said king fahd saudi arabia interview reuters visnews march said kingdom wanted oil price stability called non opec producers avoid harmful competition opec saudi arabia decide prices certainly price stability said nazer said output level mean kingdom returned role swing producer within opec saudi arabia allowed output sink low two mln bpd august compensate slack demand production opec states saudi arabia playing role played opec membership whole reduction mln bpd share opec market shared members opec nazer said nazer said opec estimated demand oil third quarter year would around mln bpd said circumstances changed sure opec members consult take necessary measures oil analysts say opec pact could come strain demand petroleum products generally falls northern hemisphere spring summer nazer said satisfied extent cooperation non opec producers norway egypt soviet union agreed help opec restraining production exports visited opec behalf earlier year ask country anything thought necessary stabilise market conditions help attain better pricing conditions nazer said said countries declined cooperate britain come proposals saw fit
two hundred feared dead ferry disaster people feared dead british cross channel ferry rolled side belgian coast last night almost passengers safety ice cold sea belgian transport minister herman de croo told reporters fear dead could hundreds perhaps given state water fear hope townsend owners tonne herald free enterprise said ferry carrying people rescued one british reuter
alusuisse shares suspended capital cut news trading shares schweizerische aluminium ag alusuisse aluz z suspended zurich stock exchange today announcement company would cut share capital pct bourse said bourse said trading would resume monday alusuisse bearer shares closed francs yesterday registered shares francs participation certificates reuter
calmar seeks acquired ab calmar inc said ab sweden owns pct approved acquisition remaining calmar shares dlrs cash request calmar board calmar said special meeting board held march nine form special committee directors affiliated evaluate transaction turn pct owned investment ab sweden reuter
bat industries pretax profit billion stg vs billion
fcs laboratories ends merger talks fcs laboratories said merger talks another unidentified company health care field ended without agreement talks began last august company said company also said longer actively seek potential merger partners respond serious inquiries reuter
u grain certificates needed study says generic grain certificates released onto market order u certificate program full effect commodities according study sparks commodities inc agriculture department make grain deficiency payments paid land diversion payments two third certificate one third cash ratio fiscal year carroll president sparks commodities told house agriculture subcommittee hearing certificates thereafter government payments issued roughly split cash certificates said sparks study certificates examined two possible growing season zero certificate case certificate program assumed alternative case adequate certificate case sufficient certificates would released grain prices would artificially supported market shortages due acreage reduction programs government holdings study showed total grain use adequate certificate scenario would exceed zero certificate scenario pct usage would grain usage certificate program estimated exceed zero certificate case pct five year period examined government expenditures adequate certificate case billion dlrs pct less zero certificate case sparks study said billion dlrs pct savings resulted smaller government storage costs study also estimated government grain stocks adequate certificate case would billion zero certificate case end period examined sparks study said certificates permit market prices fall loan levels lower prices increase commodity usage reduce net costs certificates versus cash reuter
photographic sciences corp th qtr shr loss cts vs profit three cts net loss vs profit revs mln vs six months shr loss cts vs profit six cts net loss vs profit revs mln vs mln note effect change fiscal calendar year company reported results six months period ended december six months includes one time gain dlrs reuter
associates completes purchase associates inc said completed purchase gleason securities service inc new york gleason plant security inc connecticut said deal terms disclosed added acquired companies combined annual revenues mln dlrs private company said gleason companies provide security guard services corporations tri state area reuter
go star gets stores agreement go inc said completed acquisition video centers previously owned international inc located circle k corp stores conjunction circle k also granted exclusive right install video rental centers existing circle k stores well future stores period seven years go said company also said currently total centers operation expects increase total june reuter
daily telegraph deal news international hollinger inc said pct owned daily telegraph plc london agreed form joint venture printing company england news international plc financial terms undisclosed said deal involved news international acquisition pct stake telegraph park printing ltd subsidiary joint company continue print northern telegraph sunday telegraph spare capacity used print sun news world arrangement significantly cut telegraph costs hollinger said reuter
san paolo di cuts prime rate pct pct official
consolidated natural cng forms trading unit consolidated natural gas co said received securities exchange commission approval establish wholly owned natural gas marketing subsidiary called cng trading co said new unit operate new york pennsylvania ohio west virginia louisiana texas compete markets delivery low cost natural gas supplies consolidated said customers needs met wide range low cost sources including spot market independent producers brokers consolidated producing affiliates cng development co pittsburgh cng producing co based new orleans reuter
ec export licences tonnes white sugar rebate ecus french traders
charter crellin inc year net shr dlrs vs dlrs net vs sales mln vs mln avg shrs vs one mln reuter
completes wendy wen unit buy corp said completed acquisition international inc wendy international inc mln dlrs stock said purchase includes restaurants ohio operates giving total restaurants franchise six southern states reuter
nova alberta corp th qtr shr loss cts vs loss dlrs
continuing care associates th qtr net shr four cts vs two cts net vs revs vs mths shr six cts vs nine cts net vs revs vs note qtr qtr prior includes tax gain respectively year year prior includes tax gain respectively reuter
hughes tool directors reject merger baker directors hughes tool co ht said would recommend shareholders reject merger baker international corp bko today hughes vice president kerridge said recommendation would put shareholders meeting scheduled local time gmt discuss proposed merger kerridge said board met yesterday discuss merger decided hughes board u department justice requirement baker sell several specialised subsidiaries businesses related oil drilling hughes board last week indicated might cancel merger department justice requirement board directors california based baker approved merger february baker said signed agreement sell one subsidiaries companies given april comply justice department requirement kerridge said reuter
big bear inc nd qtr feb net shr cts vs cts net vs revs mln vs mln six mths shr cts vs cts net vs revs mln vs mln reuter
explosion bp oil refinery explosion followed fire british petroleum bp oil refinery one man bp spokesman said fire confined one plant acre refinery grangemouth miles west cause extent damage yet determined two people killed previous explosion fire plant march incident still spokesman said reuter
franklin puerto rico tax free sets payout mthly div cts vs cts prior pay march record march note franklin puerto rico tax free income fund reuter
gm gm interest rate incentives general motors corp said division established interest rate support incentive program effective immediately alternative current option bonus program company said qualified buyers may select special finance rates pct month contracts pct month contracts pct contracts pct month contracts program scheduled expire april option bonus program also scheduled expire april buyers receive cash bonuses purchase option group packages amount depending option level vehicle company said special rate program applies new sold dealer stock delivered customers program period customer may choose one program said reuter
visual technology control changes visual technology inc said group led hambrecht group acquired majority ownership visual dlrs equity financing company said hambrecht president william r hambrecht three hambrecht representatives named visual board robert managing partner boston office hambrecht hambrecht venture partners unit named chairman g jr remains president chief executive officer visual also said nine mln dlrs debt converted equity reuter
dutch port union meet today dutch port transport union fnv presenting case planned redundancies rotterdam general cargo sector parliament standing committee social affairs today union spokesman said strong workforce strike union tell committee government duty help solve dispute general cargo sector seven weeks spokesman added union also take case redundancies planned year court amsterdam tomorrow added reuter
yankee cos unit sell yankee cos inc eskey inc subsidiary said reached agreement principle sell eskey yale e key inc subsidiary new concern formed key management private investor mln dlrs part sale eskey said buyers assume mln dlrs publicly held eskey pct debentures due said debentures continue converted yankee preferred remainder price one mln dlr note eskey yankee said sale result loss mln dlrs reuter
amc amo takes action chrysler c bid american motors corp said directors reviewed chrysler corp merger proposal took action company said directors met new york today regularly scheduled meeting board review continuing company independent legal financial advisers american motors said statement issued new york american motors board voted postpone annual shareholders meeting scheduled april michigan next regularly scheduled meeting american motors board april although expected directors meet prior date according statement early last week chrysler said agreed buy pct interest owned nationale des renault american motors acquire balance american motors transaction valued billion dlrs later week amc said retained financial legal advisers expected meet next several weeks consider proposal reuter
inc nd qtr net shr profit cts vs loss cts net profit vs loss revs mln vs mln six mths shr profit cts vs loss cts net profit vs loss revs mln vs mln note quarter ends january excludes extraordinary gain six cts per share quarter cts six months excludes discontinued operations loss six cts share quarter loss two cts six months company pct owned electro audio dynamics reuter
sceptre investment counsel ltd st qtr net period ended january shr cts vs cts net vs revs vs reuter
corp agl th qtr jan net shr cts vs cts net vs sales mln vs mln year shr dlrs vs dlrs net vs sales mln vs mln note fiscal year based weeks compared weeks year earlier reuter
japan shipbuilders seek cartel restrict output japanese shipbuilders applied state fair trade commission form cartel restrict tonnage built half total capacity year starting april officials shipbuilders association japan said plan yards capable building ships gross tons curtail operations three mln compensated gross registered tonnes cgrt year capacity six mln cgrt transport ministry estimates new orders mln cgrt year march mln following year industry curtailed production due nearly every year since cartel transport ministry guidelines latest guidelines call ceiling four mln cgrt year march self imposed self regulated legally binding industry finds interest stick slowdown orders caused strong yen worldwide shipbuilding slump reuter
pan atlantic inc th qtr net oper shr cts vs dlrs oper net vs year oper shr cts vs cts oper net vs note net excludes realized investment loss dlrs vs gain dlrs quarter gains dlrs vs dlrs year year net excludes tax credit dlrs reuter
nl industries inc nl sets qtrly payout qtrly div five cts vs five cts qtr pay april one record march reuter
nuclear metals delay orders nuclear metals inc said delay receiving certain new orders result negligible earnings per share fiscal second quarter however company said assured orders placed beginning fiscal third quarter expects strong rebound earnings third fourth quarters reuter
arvin industries sees flat st qtr per share net compared cts last year
fed johnson urges stronger allied growth federal reserve board vice chairman manuel johnson said u main industrial partners expand domestic growth speech women group johnson said room stronger domestic growth countries strong enough absorb growth u export markets johnson also said better exchange rates paris agreement stabilize currencies brought western nations long way towards establishing goal johnson said fed supports pattern exchange rates see leads trade quite possibly achieved johnson said paris agreement achieved better exchange rates exchange stimulus major surplus countries said major improvement step right direction added u allies look strongly u budget deficit cut always potential risk breakdown international cooperation without budget deficit cut reuter
money market fund assets rose mln dlrs latest week billion
australian oil industry continue tax campaign council australian petroleum exploration association apea said press campaign major improvements australia petroleum taxation structure council said statement industry disappointed australian government position taxation presented speech resources energy minister evans apea conference earlier reported evans said inclined target tax changes rather take broad based approach secondary taxation petroleum apea expected government make positive detailed industry seeking removal existing secondary tax exploration development council said said plans reply detail issues raised evans immediate concern decision proceed current resource rental tax rrt legislation evans told conference government plan accept industry pleas changes legislation allow unsuccessful exploration expenditure government unwillingness allow deduction unsuccessful exploration expenditure within whole offshore area rrt applies claim tax profit based apea council said government major opportunity persuade oil exploration companies realistic industry concerns despite recognition industry problems council said industry called end discriminatory secondary taxation petroleum citing major time low oil prices reuter
royal bank sees improved results royal bank canada reporting pct drop first quarter earnings said expects report improved results future earnings periods healthy consumer credit growth record fee based income highly profitable securities foreign exchange trading solid capital position combined restraint non interest expenses lead improved results periods ahead chairman allan taylor said statement bank earlier reported profit first quarter ended january fell mln dlrs mln dlrs year ago taylor said loans energy sector continue substantially hurt earnings profitability bank international operations remains weak reflecting resource related difficulties private public sector borrowers unsatisfactory results capital market activities bank said earnings domestic operations rose mln dlrs first quarter mln dlrs year ago earnings international operations plunged mln dlrs mln dlrs last year royal bank said first quarter international net interest income declined last year reflecting reduced revenues international investment banking well significant loss disposal affiliate trinidad tobago income rose mln dlrs mln dlrs last year rise due higher commercial banking retail deposit service fees higher foreign exchange revenue lower securities commissions international investment bank operations partly offset gains royal bank said bank said two billion dlr increase total assets billion dlrs due mainly continued growth consumer lending particularly residential mortgages reuter
belgian march consumer prices rise belgian consumer prices rose pct march february stand pct level march economic affairs ministry said statement said consumer price index base rose points february march year year inflation stood pct february pct march reuter
metropolitan financial corp votes payout qtly div cts vs cts prior qtr pay april record april reuter
murphy raises crude oil posted prices one dlr bbl wti dlrs today
realty trust qtly div div cts vs cts prior payable april record april reuter
k mart corp km th qtr jan net shr dlrs vs nine cts net vs revs billion vs billion avg shrs vs year shr dlrs vs dlrs net vs revs billion vs billion avg shrs vs note latest year earnings include loss period mln dlrs cts share premium paid early call mln dlr pct year debenture earnings include gain discontinued operations mln dlrs cts share vs loss mln dlrs dlrs share quarter gain mln dlrs cts share vs gain mln dlrs dlrs share year reuter
businessman pct arden group saul california business executive told securities exchange commission acquired shares arden group inc pct total outstanding common stock chairman california inc los angeles maker said bought stake mln dlrs investment purposes said may buy arden group shares may sell current stake also said plans seek control company reuter
alcan australia lifts aluminium ingot price alcan australia ltd said increased list price pct purity aluminium ingot dlrs tonne dlrs effective immediately reuter
federal express corp rd qtr oper shr cts vs cts
products inc year net shr dlrs vs dlrs net vs revs mln vs mln reuter
opec defending dlr price subroto says indonesian energy minister subroto said opec deliberately production ceiling mln barrels defend dlr barrel price target told reporters energy conference jakarta opec decided maintain price level dlrs deliberately defending price opec production less mln moment stated asked opec would increase production prices went dlrs barrel said would decided next opec meeting june discuss market situation added said meeting opec differentials committee postponed need meeting elaborate committee originally due meet vienna week reuter
japan october december gnp pct july sept revised rise official
enterprises inc sets initial dividend qtly div five cts pay april record march reuter
cable shares firm japan speculation shares cable wireless plc cawl l firmed morning trading market speculation participation joint telecommunications venture japan would curtailed dealers said company shares quoted p gmt compared p last night dealers said speculation appeared japan cable said resisting attempts federation economic organisations merge two japan based telecommunications firms move would cut cable stake pct one three pct merged unit however dealers uncertain exactly dispute shareholdings resolved british prime minister said parliament last week regarded cable wireless participation japanese venture test case open japanese telecommunications market really spokesman cable said speculation foundation cable issued statement today issue reuter
laurentian group sees higher share net laurentian group corp said expects earnings per share show increase last year company mln dlrs operating profit cts per share mln dlrs cts per share shares outstanding increased mln mln american holding company laurentian capital corp show substantial improvement year chairman said annual meeting laurentian capital corp recently acquired two small u life insurance companies profit mln u dlrs eight cts per share compared seven mln u dlrs cts per share said laurentian group corp parent firm plans fill national financial services distribution system make acquisitions right opportunity occurs company also may expand year continental europe conjunction la french insurance company said reuter
inc year net shr seven cts vs cts net vs revs vs reuter
transamerica ta australian sale gain transamerica corp said tax gain mln u dlrs sale occidental life insurance co australia ltd affiliate pratt co financial services pty ltd melbourne mln australian dlrs sale announced earlier today australia proceeds used enhance growth north american operations transamerica occidental life subsidiary company said reuter
inter tel inc st qtr feb net shr three cts vs one ct net vs revs mln vs avg shrs vs reuter
buys aviation facility corp said purchased certain assets standard aero inc including rights aircraft maintenance facility phoenix ariz terms released facility consists square feet shop space operate plan tech inc offering continued employment former standard aero employees reuter
swiss sight deposits fall billion francs sight deposits commercial banks swiss national bank fell billion swiss francs first days march billion national bank said foreign exchange reserves rose billion francs billion sight deposits major indicator money market liquidity switzerland national bank said banks paid back billion francs central bank credit taken end february end month liquidity requirement drain offset part new currency swaps effect increasing national bank foreign exchange holdings bank notes circulation fell mln francs billion deposits call basically government funds rose billion billion reuter
thai banks weigh new interest rate cut officials five thai commercial banks expected meet tomorrow seek agreement cutting interest rates banking sources said said expect thai banks cut spur domestic loan demand help reduce persistent high liquidity money market many bankers urging average half percentage point cut deposit rates one point cut lending rates said six major thai major banks reduced minimum loan overdraft rates percentage point february move substantially increased loan demand sources said excess liquidity hitting bank profits since early last year despite five interest rate cuts current gross pct interest rate one year fixed bank deposit pct minimum loan rate lowest decade bankers said thai banking system billion baht surplus funds created problems many banks managing money effectively profits many thai banks fell sharply last year partly loan demand bank deposit growth bank thailand estimated overall lending thai banking system grew pct pct expansion bank deposits reports possible new round interest rate cuts thai stock market week securities exchange thailand set index monday recorded biggest daily advance recent years points new seven year high brokers market analysts said thai stocks register gains long liquidity remains money market thai foreign bankers said liquidity problem grow bank thailand extend permission local banks hold foreign exchange positions pct bank capital regulation extended beyond april date many commercial banks reduce foreign exchange holdings maximum pct bankers said could add another five billion baht surplus funds local money market reuter
transamerica income monthly dividend shr cts vs cts prior period pay april record march note full name transamerica income shares inc reuter
plus sees sharp sales increase plus said expects sales year ending january exceed mln dlrs company sales last year dlrs said expects turn profitable time sees sales mln dlrs annually end company said personal retailers marketing products expects end reuter
biffex looking join new futures exchange baltic international freight futures exchange biffex said agreed pursue negotiations futures markets baltic exchange view merging new futures exchange legal advisers already instructed implement london potato futures association soya bean meal futures exchange london meat futures exchange london grain futures market also discussed merging markets aim merger seek recognised investment exchange status required financial services act reuter
onyx petroleum exploration co ltd year loss shr loss dlrs vs profit cts net loss vs profit revs vs note shr net dlr writedown oil gas property values reuter
ecuador nigeria lending oil earthquake ecuador negotiating nigeria african country lend barrels per day bpd crude export deputy energy minister fernando santos alvite told reuters said ecuador negotiating shipments schedule terms repaying loan ecuador suspended crude exports five months repairs pipeline march five tremor santos alvite added ecuador details program venezuela would temporarily lend country bpd export reuter
inc raises qtly dividends qtly div class nine cts vs cts prior qtly div class b nine cts vs cts prior pay april record march reuter
conagra inc rd qtr shr cts vs cts
industries inc th qtr net oper shr profit cts vs loss cts oper net profit vs loss sales mln vs mln year oper shr profit cts vs loss cts oper net profit vs loss sales mln vs mln note earnings exclude losses discontinued consolidated operations dlrs eight cts share vs dlrs cts share quarter dlrs dlrs share vs dlrs dlrs share year earnings exclude loss sale discontinued consolidated operations dlrs three cts share quarter loss dlrs cts share vs gain dlrs cts share year note earnings exclude losses discontinued operations dlrs cts share period earnings exclude gain termination defined benefit pension plan dlrs eight cts share quarter dlrs cts share year reuter
c b sells three retail stores c b co said sold three retail stores bob cummins enterprises inc retail said sale consistent previously announced retail division restructuring plans reuter
crown auto inc th qtr dec loss shr loss cts vs loss cts net loss vs loss revs vs year shr loss cts vs profit cts net loss vs profit revs mln vs mln avg shrs vs note period ended december earnings include loss period discontinued operations dlrs reuter
british farm minister attacks subsidies farm subsidies protectionist moves threaten healthy trade sides atlantic michael jopling british minister agriculture food warned would provoke another dispute europe united states jopling said remarks prepared evening speech things clear apply sides atlantic cannot continue pile stocks world demand said governments must operate farm policies purely domestic affairs impact others also recognize cannot long run develop healthy stable farm sector basis protectionism excessive europe united states many common interests make worthwhile engage trade competitive export subsidies end benefitting one added crucial united states european community remain jopling member ec agriculture committee indiana visit several farms prior talks u officials washington later week jopling also criticized recent proposal still consideration ec tax vegetable fish oils said government would oppose move think correct shortage funds support ec farmers raising money consumer expense reuter
fruit sell unit mln dlrs fruit inc said agreed sell general battery corp subsidiary corp mln dlrs cash proposed sale complete fruit previously announced plan divest unrelated businesses proceeds proposed transaction price projected company recent initial public offering said completion transaction subject definitive agreement regulatory approvals financing certain conditions expected close may one company said reuter
financial services sets payout financial services corp said board approved regular cts per share cash dividend payable april shareholders record march reuter
businessman pct del e webb john cotton arizona businessman told securities exchange commission acquired equivalent shares class common shares del e webb investment properties pct total cotton president group inc paradise valley ariz data processing equipment maker said bought stake includes warrants buy shares dlrs warrants exerciseable dlrs share said cotton said bought stock investment purposes reuter
technologies inc st qtr net shr nine cts vs eight cts net vs sales vs avg shrs vs note periods end january respectively reuter
inc year net oper shr cts vs eight cts oper net vs revs mln vs mln note shr net exclude extraordinary gain dlrs cts share shr net exclude extraordinary gain dlrs cts share reuter
sosnoff small number caesars caw shares martin sosnoff said mts acquisition corp date received negligible number caesars world inc shares response dlr per share tender offer shares sosnoff also said held preliminary talks pratt hotel corp prat southmark corp sm forming joint venture enter talks acquire caesars friendly transaction sosnoff would pct interest pratt southmark remainder sosnoff said talks pratt southmark actively pursued may may continued future said could assurance joint venture would formed caesars would agreed talks several preliminary contacts representatives caesars resulted indication wishes enter negotiations sosnoff said said based talks staff members gaming authorities assurance necessary regulatory review bid caesars world completed original april three expiration date sosnoff said extended tender may bid remains subject regulatory approvals arrangement financing pratt owns sands hotel casino atlantic city n j caesars operates regency hotel casino recently apparently unsuccessful campaign acquire control resorts international inc new york developer donald trump southmark owns pct pratt hotel caesars world urged rejection offer grounds inadequate said would investigate alternative transactions sosnoff currently owns pct caesars world reuter
co th qtr loss shr loss dlrs vs loss cts net loss vs loss sales mln vs mln mths shr loss dlrs vs profit cts net loss vs profit sales mln vs mln note prior year net includes extraordinary loss dlrs qtr extraordinary profit dlrs year reuter
cathay pacific forecasts good performance cathay pacific airways ltd caph hk forecast another good year view good growth passenger cargo traffic volumes early year year earlier period airline performance early said would take delivery one boeing co ba n one boeing passenger plane september november respectively took last month earlier reported pct increase net profit billion h k dlrs announced final dividend cents share cathay pacific recorded sharp increases net finance charges mln dlrs mln year spokesman firm linked rise two aircraft deliveries however company said statement good returns funds placed investment managers partly offset higher interest costs resulting additional lease financing borrowing added airline last year also saw aviation fuel prices fall average dlrs gallon dlrs passengers carried cathay pacific totalled mln last year passengers rising billion billion passenger load factor pct pct airline cargo operations recorded growth pct total tonnage previous year pct rise revenue billion dlrs cathay pacific floated shares april pct owned swire pacific ltd swpc hk pct hongkong shanghai banking corp hkbh hk pct china international trust investment corp reuter
ico council ends failure agree quotas special meeting international coffee organization ico council failed agree set coffee export quotas ico delegates said producers consumers could find common ground issue quota distribution eight days often heated talks delegates said export quotas major device international coffee agreement stabilise prices suspended year ago coffee prices soared reaction drought brazil cut output two thirds delegates industry representatives predicted coffee prices could stg tonne new four year lows tomorrow response results meeting reuter
california microwave takes rd qtr charge california microwave inc said take non recurring charges mln dlrs pre tax earnings third quarter ended march company said earnings operations second half ending june excluding charges expected break even range second half net earnings dlrs cts per share company said charges relate telecommunications products area three areas california microwave previously estimated write downs six eight mln dlr range said add reserve investment losses communications corp also included write charges advances arizona based communications electronics firm company option acquire said addition accruals made costs associated company reduction work force california microwave said write downs nominal cash impact company already paid assets written reuter
banks raises prime pct banks said sun banks florida trust co banks georgia raised prime rate pct pct company said action effective immediately reuter
reph acquisition negotiate pesch merger bid reph acquisition co said board appointed special committee negotiate terms offer made earlier today pesch co merge republic health corp reph unit pesch alpha health systems corp unit offered acquire pct republic health stock already terms pesch offer disclosed reuter
industrial action ends south african mine black miners returned work week long industrial action south africa largest gold mine mine owner anglo american corp south africa ltd j said spokesman mining house said action started wednesday last week thousands miners staged go slow one underground free state division free state consolidated gold mines ltd j action later underground sit mine weekend management close affected company described creation working conditions anglo american spokesman john jones said company held talks national union mineworkers num south africa biggest trade union claims membership black workers failed establish cause worker acknowledged mine suffered loss production declined give estimates free state consolidated last year produced tonnes gold underground num immediately available comment action spokesman union earlier told south african press association miners mine weekend strike protest ordered carry bags containing well food white miners reuter
fed data suggest stable u monetary policy latest federal reserve data suggest central bank voted maintain existing degree pressure banking reserves regular policy making meeting two weeks ago money market economists said numbers little disappointing think take mr volcker word said nothing changed said bob security pacific national bank fed chairman paul volcker told congressional committee last thursday fed policy unchanged today although volcker statement last thursday fears fed marginally tightened grip reserves help ailing dollar many economists still wanted confirmation steady policy today data covered two week bank statement period ended yesterday need additional made fed decision yesterday drain reserves banking system arranging overnight matched sale purchase agreements first time since april last year economists added today data showed draining action fairly large billion dlrs economists said one thing caught eye relatively sizeable matched sales wednesday said johnson first national bank chicago clearly justified need nothing fed start new statement period today would reserve projections added security pacific fed spokesman told reporters large single day net miss reserve projections latest week economists similarly slightly higher expected adjusted bank borrowings fed discount window averaged mln dlrs day latest week compared many economists forecasts mln two week bank statement period whole daily borrowing average doubled mln dlrs prior period wire problems two large banks tuesday wednesday borrowings said scott j co wednesday average rose mln dlrs mln week earlier lending support stable policy view relatively steady federal funds rate six pct latest week high levels excess reserves banking system economists said time fed following neutral fed funds six pct said first boston corp expect continue vein excess reserves fell still billion dlrs added first chicago johnson banks excess reserves averaged billion dlrs day latest statement period billion previous one fed declined target growth range money supply measure last week little attention paid anticipated billion dlr jump week ended february looking ahead economists said fed fine line dollar progress international currency markets development domestic economy market perhaps exaggerated dollar effect fed policy said first chicago johnson course take dollar account future policy decisions economy weak pull back easing reuter
cpc international sell stakes asian units mln dlrs ajinomoto
life indiana corp th qtr loss shr loss cts vs profit cts net loss vs profit year shr profit cts vs profit cts net profit vs profit reuter
laidlaw splits stock hikes payout three two stock split pay record date subject shareholder confirmation may four qtly dividend cts vs four cts pay may record may one note dividends declared pre split shares laidlaw transportation ltd reuter
h j heinz co rd qtr shr cts vs cts
south african foreign reserves sharply feb south africa total gold foreign assets rose mln rand february billion rand rising almost one billion rand january reserve bank governor gerhard de said de state run television gave breakdown reserves also said curb inflation salary increases would inflation rate state must set example keeping wage increases inflation rate said consumer prices rose pct year january reuter
inc weis quarterly dividend qtly div cts vs cts pay april record april reuter
mine safety appliances sell unit mine safety appliances co said agreed sell filter products division donaldson co inc undisclosed terms said filter products unit plant pennsylvania donaldson facility illinois said expects number unit employees offered positions donaldson reuter
todd shipyards omits dividend todd shipyards corp said omitted payment quarterly dividend common stock lowered dividend series preferred stock cts cts share todd said ct preferred dividend paid may one shareholders record april company said omitted common dividend cover losses commercial ship conversion contract increased reserves previously announced discontinued operations addition company said lenders agreed temporarily reduce net worth requirement revolving credit term loan pact mln dlrs mln reduction hold may said todd said reduction net worth requirement allowed payment preferred dividend prevented violating covenants credit agreement company said also negotiating lenders extend reduced net worth terms beyond may todd added suffered financially u navy unwillingness release certain completed ship construction contracts general decrease u military spending reuter
canada current account deficit quarter canada current account deficit widened seasonally adjusted billion dlrs fourth quarter deficit billion dlrs third statistics canada said shortfall full year rose billion dlrs mln dlr deficit federal agency said agency said rise merchandise surplus billion dlrs billion dlrs third quarter offset high deficits investment total non merchandise deficit grew billion dlrs billion dlrs current account deficit mln dlrs fourth quarter capital account seasonally adjusted total net inflow billion dlrs fourth quarter net inflow billion dlrs third quarter quarter total net capital inflow rose billion dlrs billion dlr reuter
salant files reorganization plan salant corp said thomson co inc co inc subsidiaries filed joint reorganization plan u bankruptcy court expect emerge chapter bankruptcy near future company said hearing adequacy associated disclosure plan scheduled april nine completion plan subject approval creditors equity security holders bankruptcy court salant said reached agreement ray w williams continue president chief executive officer five years effective date reorganization plan substantially concluded talks new mln dlr unsecured credit effective date company said committee unsecured committee equity security holders approved terms plan previously announced creditors receive mln dlrs cash dlrs pct senior subordinated debentures four common shares allowed unsecured claims salant today reported earnings year ended november dlrs dlr pretax provision loss sale subsidiary dlr post tax charge attributable costs expenses chapter settlement pre chapter claims well dlr tax credit year lost dlrs dlr pretax provision plant closings reuter
gould gld completes sale french battery unit gould inc said completed sale french battery business compagnie francaise electro group investors including unit employees gnb inc minnesota gould disclose terms deal gould said move part previously announced plan divest assets unrelated computer electronics businesses reuter
bank france launches money market intervention tender official
rank xerox sell south african unit xerox corp u k unit rank xerox ltd said agreed principle sell south african company rank xerox south africa pty ltd altron group fintech unit terms deal disclosed altron said acquisition key making fintech office systems company south african rank xerox unit sells throughout south africa south west africa employees retained fintech deal closes rank xerox said reuter
corp st qtr feb loss oper shr loss cts vs profit one ct oper net loss vs profit revs mln vs mln note earnings exclude gains utilization tax loss carryforwards dlrs one ct share vs dlrs three cts share reuter
inter city gas corp th qtr net shr cts vs cts net mln vs mln revs mln vs mln year shr cts vs dlrs net mln vs mln revs billion vs billion note fl yr net includes mln dlr writedown u oil gas properties partly offset mln dlr extraordinary gain tax gains proceeds sale minnesota utility operations net includes extraordinary gain dlrs shr preferred divs reuter
grand metropolitan plc unit sell business grand metropolitan plc said usa inc unit decided sell physical fitness exercise equipment business company said morgan co inc advising sale business reuter
api says distillate gas stocks week distillate fuel stocks held primary storage fell mln barrels week ended feb mln barrels mln previous week american petroleum institute api said weekly statistical bulletin oil industry trade group said gasoline stocks fell barrels mln barrels revised mln crude oil stocks rose barrels mln revised mln said residual fuel stocks fell barrels mln mln barrels api said refinery runs week fell mln barrels per day revised mln refinery use operating capacity pct revised pct crude oil imports week fell mln bpd revised mln api added reuter
completes purchase co inc said completed acquisition inc dlrs per share following shareholder approval yesterday reuter
flight international group inc rd qtr periods ended january shr profit cts vs loss cts net profit vs loss revs vs nine mths shr profit cts vs loss three cts net profit vs loss revs mln vs mln note year ago revenues include dlrs quarter dlrs nine months operations subsidiary sold april reuter
computer language research th qtr shr loss cts vs loss cts net loss vs loss revs mln vs mln qtly div three cts vs three cts prior year shr profit two cts vs profit cts net profit vs profit revs mln vs mln note dividend payable april one shareholders record march reuter
u business loans fell mln dlrs business loans books major u banks excluding acceptances fell mln dlrs billion dlrs week ended march federal reserve board said fed said business loans including acceptances fell mln dlrs billion dlrs reuter
stop shop cos inc th qtr jan net oper shr dlrs vs dlrs oper net mln vs mln sales billion vs mln avg shrs mln vs mln year oper shr dlrs vs dlrs oper net mln vs mln sales billion vs billion avg shrs mln vs mln notes operating net excludes losses mln dlrs cts share vs dlrs two cts share quarter mln dlrs cts share vs mln dlrs cts share discontinued operations includes provision latest quarter mln dlrs closing department store co operating net latest quarter year includes dlrs charge restructuring announced early january reuter
french february inflation confirmed pct french retail prices rose confirmed pct february line provisional figures released two weeks ago showing rise pct national statistics institute said rise compared pct rise january year year retail price inflation confirmed pct february compared three pct rise year year january reuter
oil gas ltd year net oper shr cts vs cts oper net vs mln revs mln vs mln note cash flow mln dlrs cts shr vs mln dlrs dlrs shr net excludes ct shr loss discontinued operations gross proven probable reserves crude oil natural gas mln barrels pct year reuter
data measurement corp th qtr shr cts vs cts net vs revs mln vs mln note shrs reflect stock split reuter
wickes cos inc wix th qtr loss shr loss two cts vs profit cts net loss vs profit sales billion vs mln avg shrs mln vs mln year shr profit cts vs profit cts net profit vs profit sales billion vs billion avg shrs mln vs mln note current qtr year figures include gains securities sales mln dlrs mln dlrs respectively prior qtr year figures include gain securities sales mln dlrs current qtr year figures include extraordinary loss mn dlrs gain mln dlrs respectively prior qtr year figures include operating loss carryforward gains mln dlrs mln dlrs respectively prior qtr year figures include gains discontinued operations mln dlrs mln dlrs respectively reuter
inc th qtr shr cts vs cts net vs revs mln vs mln year shr cts vs cts net vs revs mn vs mln note shares adjusted reflect distribution one share class b common stock every two shares common stock held record july reuter
agreement reached greek alumina deal moscow greece soviet union reached agreement moscow joint venture mln dlr alumina plant greece government spokesman said told reporters soviet union agreed buy plant entire annual output tonnes alumina details would given later greek industry undersecretary george moscow project due start problems plans sell alumina bulgaria caused delays soviet union take tonnes later agreed take full production reuter
gulf applied technologies inc th qtr oper shr loss five cts vs loss cts oper net loss vs loss revs vs year oper shr loss cts vs loss dlrs oper net loss vs loss revs mln vs note results restated discontinued operations net periods excludes dlr tax credit net excludes gains discontinued pipelines terminals operations dlrs vs dlrs quarter dlrs vs dlrs year reuter
computer acquisition computer corp said purchased inc software training education company headquartered dallas terms disclosed reuter
investor technology development stake leon chicago investor told securities exchange commission acquired shares technology development corp pct total outstanding common stock said bought stock dlrs investment intention seeking control company reuter
encor energy corp inc yr net loss mln vs profit mln
metro mobile cts inc first qtr loss qtr ends dec shr loss cts vs loss cts net loss vs loss revs vs avg shrs mln vs mln reuter
corp th qtr net shr cts vs cts net vs revs mln vs mln year shr dlrs vs cts net vs revs mln vs mln reuter
diversified industries st qtr oper net period ended jan oper shr two cts vs eight cts oper net vs sales mln vs mln avg shrs vs note full name diversified industries inc earnings exclude gains utilization tax loss carryforwards dlrs one ct share vs dlrs six cts share reuter
savings bank th qtr feb net shr cts vs na net vs year net vs assets mln vs mln deposits mln vs mln loans net mln vs mln note per shr amounts available company converted public ownership july reuter
venezuela wants boost refining capacity venezuela state oil company petroleos de venezuela wants raise worldwide refining capacity barrels per day company official attending national petroleum refiners association meeting said declined identified said pdvsa capacity refine bpd crude oil refining centers venezuela sweden west germany belgium united states company recently purchased pct stake corpus christi texas refinery champlin petroleum co subsidiary union pacific corp unp earlier bought similar stake lake charles la refinery owned citgo petroleum corp unit southland corp slc according official venezuela worldwide additional refining capacity mention company looking refineries abroad said guarantee refining outlet venezuelan crude oil ensuring stability supply refiners said venezuela currently produces mln bpd crude oil line bpd opec ceiling reuter
senior engineering makes mln dlr us purchase senior engineering group plc said reached agreement cronus industries inc acquire whole share capital south western engineering co mln dlrs cash sum financed term loan south western one u leading manufacturers heat transfer equipment turnover mln dlrs pre tax profits mln completion deal conditional approval u hart scott rodino regulations expected within days dlrs payable immediately mln dlrs payable completion balance due june reuter
trade interests ready battle u house u lawmakers gearing free traders major trade bill winds way committees vote full house representatives late april move toughen u enforcement trade laws key house subcommittee last week approved toned version legislation require president reagan retaliate foreign countries follow unfair trade practices bill cornerstone congressional efforts restore competitiveness american industries turn around last year record billion dlrs trade deficit generally bill provisions toughen u enforcement trade laws trade bill forces administration act rapidly complaints unfair trade practices dumping products united states prices cost production also forces administration act rapidly industry surge imports threatens existence writing bill subcommittee rejected calls trade relief specific industries textiles several lawmakers argued new trade bill made many concessions reagan said intend back amendments get tough countries violate trade agreements keep u products congressmen known free trade said bill ties reagan hands much trade disputes seek restore negotiating powers bill r mi said subcommittee bill one free trader like could endorse respects emphasized consensus among lawmakers work toward bill reagan republicans would ultimately endorse goal trade legislation make trade policy stronger without violating international trade agreements said key concession made urging ways means committee chairman dan rostenkowski trade subcommittee backed requirement would forced reagan impose automatically quotas tariffs imports countries engage unfair trade practices also agreed president may waive retaliation would hurt u economy rostenkowski insisted moderate approach necessary house wanted pass bill reagan would sign law reagan last year blocked senate consideration tough house trade bill protectionist year agreed support trade bill saw democratic leaders determined pass legislation white house spokesman marlin fitzwater told reporters late last week administration still like bill provisions added generally feel good consideration trade legislation think progressing well first battle take place next week full house ways means committee considers amendment rep richard gephardt mo force countries like japan south korea taiwan cut trade surpluses u subcommittee limited gephardt plan provide existence large trade surplus united states trigger investigation unfair trade practices would automatically set retaliation organized labor pressed lawmakers relief imports jobs lost foreign competition president lane kirkland year angered administration said trade bill reagan would sign would worth passage congress rostenkowski set tone trade debate saying trying write legislation please lane kirkland trying write legislation signed president rep ga intends push separately bill protect domestic textile shoe industry aide said reagan vetoed similar measure last year house speaker jim wright texas one influential aid specific industries low priced foreign competition last week renewed call import relief domestic oil industry announced support senate plan trigger temporary oil import tariff imports reach half domestic consumption reuter
bicc plc bicc l year shr p vs p final div p making p vs p pre tax profit mln stg vs mln attributable profit mln vs mln turnover billion stg vs billion
jamaica agrees draft bank debt rescheduling jamaica agreed principle bank advisory committee rescheduling mln dlrs foreign commercial bank debt falling due information service said repayments debt years years grace percentage points london interbank offered rate libor margin previously restructured debt also cut point package save jamaica mln dlrs year prime minister edward led delegation called terms favourable country agreement principle bank advisory committee led bank nova scotia comes five days jamaica successfully concluded mln dlr rescheduling accord paris club creditor nations pact turn followed international monetary fund imf approval march mln special drawing rights arrangement mln sdr drawing compensatory financing facility jamaica foreign debt billion dlrs pct owed commercial banks yesterday reaffirmed government policy seeking new bank loans reuter
vms mortgage lp monthly cash payout vms mortgage l p said declared regular monthly cash distribution nine cts depositary unit month march payable may record april one reuter
henkel sells hamburg oil fats subsidiary applied chemicals group henkel kgaa f said selling hamburg vegetable oil fats subsidiary und gmbh hamburg ag company spokesman declined give purchase price supplier specialised refined oils fats food processing industry turnover mln marks last year henkel statement said part company strategy concentrating core businesses acquisition means access new markets statement added reuter
brazil oil output fell february usage brazilian crude oil liquefied natural gas production fell average barrels per day february month state oil company petrobras said drop due operating problems basin country main producing area output bpd petrobras statement said consumption oil totalled mln bpd february pct february last year record mln bpd used october last year use alcohol fuel february bpd pct february reuter
pharmacia forecasts higher earnings pharmacia ab st forecast earnings financial items one billion crowns vs mln last year condition exchange rates remained present parities sales would circumstances go six billion crowns billion said weakening dollar mainly responsible five pct negative impact sales company blamed currency movements last year results also badly hit writedown mln crowns intangible assets company said mainly represented premium group paid know various high tech firms taken accounts also showed financial deficit billion crowns vs deficit mln covered partly drawing company liquidity mln vs one billion partly increasing borrowing billion vs mln pharmacia said financial deficit caused used funds generated group operations mainly billion paid cash shares ab assets intermedics inc reuter
telemedia buy magazines telemedia inc said telemedia publishing inc subsidiary agreed buy privately owned magazines undisclosed amount cash telemedia said acquisition expected small positive impact short term earnings alternative life style magazine canada seventh largest paid circulation english language magazine country eighth largest circulation magazine group revenues eight mln dlrs last year employs people telemedia said telemedia said also acquire pct interest company recently launched u magazine u begun last year paid circulation company said said final deal expected mid april telemedia said magazines founder agreed continue provide editorial publishing direction magazines reuter
leigh pemberton opposes takeover protection rules bank england favour introduction rules shield companies hostile takeover attempts governor robin leigh pemberton said instead merchant banks advising bidding companies must show restraint responsibility avoid excesses recent takeovers told regional confederation british industries annual dinner leigh pemberton also called companies improve ties institutional investors suggesting representatives institutions granted seats boards directors companies invest boards cannot expect protection unwelcome short step saying protected shareholders company leigh pemberton said added takeovers mergers important role play economies scale integration efficient market penetration degree success failure takeover experience depended whether takeover contested said leigh pemberton noted excesses takeover activity recent past aim company management action dedicated favourable impact share price short term partly even primarily expense future said bids often depend success creating highly charged artificial situation share market give rise sides battle engage aggressive even tactics damaging interest shareholders said clear reference recent events said city act companies individuals must suggest ready accept full measure responsibility even transactions may result exercise careful judgment respect clients act activities wind cannot expect visit elsewhere added reuter
ab st year mln crowns vs mln sales billion vs billion proposed dividend crowns vs crowns reuter
citicorp cci rules credit card price war american express co axp recent launch new credit card relatively low interest rates fees increase competition bank credit card issuers lead pricing war senior citicorp said next two three years interesting marketing battle fought competition price product features yuan head u card products group told banking analysts meeting citicorp leading u bank credit card issuer mln accounts pct market share said citicorp would focus credit card marketing efforts acceptance noting visa currently enjoy two one advantage american express terms worldwide acceptance also doubted american express plan link interest charges new card bank prime lending rate consumer fixed rate instrument said richard head whole individual banking division added increased competition big people get small ones reuter
nestle net billion swiss francs vs billion div unchanged francs
petroleum ltd nine mths net shr cts vs cts net vs revs vs reuter
french ministerial meeting held cgct sale finance minister edouard balladur industry minister telecommunications minister gerard met hour today discuss imminent sale french telephone switching group cie generale de constructions telephoniques spokesman said decision announced result meeting french government given end next month choose candidates sale cgct controls pct france telephone market priced mln francs three international consortia right buy west germany siemens ag sieg f french group jeumont schneider opposition bid u group att n dutch philips telecommunications pglo association french telecommunications firm sat societe de telecommunications third bid lodged sweden ab ericsson eric st allied french defence electronics group pa sa pa reuter
franklin massachusetts insured cuts payout mthly div cts vs cts prior pay march record march note franklin massachusetts insured tax free income fund reuter
h j heinz poised record year h j heinz co within sight nd consecutive year new records financial growth fiscal year ending april chairman chief executive officer anthony reilly told investment analysts reilly declined make specific projection said food company stronger time year history last week heinz reported third quarter earnings rose cts share cts share sales rose billion dlrs billion dlrs year earlier reilly said heinz concentrate backing big brands new products services new geography internal growth acquisitions said heinz highest market share history pct response question executive said volume overall product category concern us reilly said weight continues perform well generate revenue fiscal approximately mln dlrs reilly told analysts heinz active negotiations build second plant china entered joint venture government forming heinz ltd produces dry food cereal said heinz japan making profit generating first substantial dividends implementation new partnership seoul heinz ltd moving ahead new manufacturing plant targeted completion june seoul south korea increase competitiveness reilly said heinz implemented lowest cost program targeted manufacturing sales marketing procurement said modernization program effect company united kingdom operations labor force expected reduced reuter
danaher corp th qtr net shr cts vs cts net vs rev mln vs mln year shr dlrs vs dlrs net vs rev mln vs mln reuter
investor take control river oaks river oaks industries inc said agreed principle give control company benson seizer new york investor return mln dlrs capital company maker mobile homes said terminated merger discussions nursing centers america river oaks said place mln dlr convertible note seizer turn name six additional members company five member board one new directors take chairman chief executive officer river oaks said river oaks said note convertible two mln shares common stock one dlr share company currently mln shares outstanding company said also grant seizer option buy additional mln shares next four years dlrs share first year dlrs share thereafter company said money raised seizer strengthen balance sheet enhance ability seek selective expansion opportunities seizer experienced turnaround expected take direct involvement river oaks management said charles f remain director company giving post chairman one seizer board nominees post chief executive remain president company said reuter
corp calendar net income mln pesos vs mln operating revenues billion vs billion operating profit mln vs mln earnings per share vs note company statement said gold operations contributed pct consolidated earnings reuter
inc year loss shr loss cts vs loss dlrs net loss vs loss revs vs note th qtr data given reuter
british telecom sees satisfactory results british telecommunications plc l expects announce satisfactory results financial year ending march chairman sir george jefferson said third quarter statement full year results published june financial year pre tax profit rose billion stg billion previous period jefferson said good progress made latest nine months customers able maintain normal level calls recent strike company engineers statement said positive cash flow mln stg first nine months diminish final quarter due corporation tax dividend payments earlier company reported third quarter pre tax profit period ended december mln stg compared mln year earlier nine month pre tax billion stg billion british telecom shares last quoted p level late yesterday wake results line market expectations dealers said reuter
goodyear tire gt details tax refund goodyear tire rubber co said results include tax refund mln dlrs costs restructuring company successful defense takeover attempt james goldsmith chairman robert mercer said heavy restructuring costs related takeover attempt combined government tax incentives investments resulted federal tax refund refund included broken initial results spokesman said reported net income mln dlrs mln dlrs year earlier reuter
rank makes increased avana offer final ranks hovis plc l said making increased final offer avana group plc l company already holds pct mln avana ordinary shares said statement terms offer new rank hovis shares every five avana ordinary shares valuing avana share p avana shareholders entitled receive retain net interim dividend p per avana share year ending march accepting avana shareholders also entitled receive ranks hovis forecast net interim dividend p financial year ending september ranks hovis said full acceptance increased offer would result issue maximum mln new ranks hovis shares pct enlarged issued ordinary share capital company latest offer april ordinary shareholders avana accept increased offer opportunity elect cash part holdings basis p cash avana share ranks hovis said cash required cash alternative would met one several methods first mln avana shares received cash alternative ranks hovis would make cash payment resources cash alternatives mln avana shares morgan grenfell agent participants make separate offer purchase p per share net expenses mln ranks hovis new shares shareholders entitled increased offer equivalent p per avana ordinary addition ranks hovis make cash payment p per avana ordinary avana shares traded p announcement p last night close p reuter
icco puts world cocoa surplus tonnes vs delegates
british urge japan trade sanctions one hundred members britain ruling conservative party signed motion calling trade sanctions japan force tokyo open domestic market british goods government announced last week japan billion dlr trade surplus britain department trade industry said government drawing contingency plans force japan opening domestic markets spokesman said moves much last resort ideas considered included blocking japanese companies trading britain licenses japanese operations london financial district reuter
douglas computer international year end shr seven cts vs one ct net vs revs vs reuter
fortune acquire marine savings fortune financial group inc fortune savings bank subsidiary said executed definitive agreement buy marine savings loan association florida mln dlrs said agreement approved directors banks subject approval marine shareholders majority vote fortune said agreement pay dlrs cash marine shares outstanding among things reuter
u banks sets rates debt offering office finance federal home loan banks said set rates today debt offering pct billion dlr issue pct billion dlr issue pct mln dlr issue said issues settlement march mature march march march respectively office said telephone confirmation must received hrs est today secondary trading begin hrs est tomorrow reuter
delta air lines completes acquisition western air
co operative bancorp raises quarterly qtly div cts vs cts prior pay april record march reuter
soviet economist sees gains u trade little chance soviet exports united states rise moscow current trade reforms result trade manufactured goods future soviet economist said chief economist trading corp agent soviet trade organisations industries told u ussr business meeting soviet union produces items western nations want reforms including quality goods allowing joint ventures foreign firms encourage modest export gains future said soviet union exported mln dlrs worth goods united states imported billion dlrs worth gave trade forecast said even obstacles removed total trade two countries would remain two three billion dlrs year post ussr limit trading u said reuter
cme sets may start lumber futures options chicago mercantile exchange cme board governors announced today options random length lumber futures begin trading may contract received commodity futures trading commission approval january submitted review last october initially january march may delivery months listed trading size underlying futures contract board feet regular trading hours contract central time however first day trading market open march cme board amended contract eliminate eve january option amendment cme said reuter
memotec data completes teleglobe acquisition memotec data inc said completed previously announced mln dlr acquisition teleglobe canada federal government memotec data said teleglobe provided canada overseas telecommunications services since becomes teleglobe canada inc unit memotec teleglobe president chief executive jean continue post company said addition sale price government receive teleglobe accumulated cash mln dlrs special mln dlr dividend making total proceeds mln dlrs reuter
house speaker backs oil import forecast plan house speaker jim wright endorsed proposal require president take action reduce oil imports threaten top pct u consumption wright told reporters plan sen lloyd bentsen fellow texas democrat positive useful oil imports peaked pct short pct last year year pct bentsen said bentsen proposal supported senators would would require president issue annual three year oil import forecasts year threatened top pct would ordered propose quotas solution reuter
u treasury baker says currencies within ranges better reflect fundamentals
iran said test fire silkworm missile hormuz iran test fired newly acquired silkworm anti shipping missile strait hormuz set least two land based launching sites area british naval source gulf said source declined identified said iran fired chinese made missile southern gulf naval port hit missiles pack fairly big told reuters doubt could used target shipping across strait hormuz reuter
inc year net oper shr dlrs vs dlrs oper net vs revs mln vs mln note net excludes extraordinary gain mln dlrs dlrs shr sale camco inc shares vs yr ago loss mln dlrs dlrs shr reuter
u says usair u may buy pct piedmont department transportation said allow usair group acquire pct piedmont aviation pie voting stocks pending final approval proposed merger two airlines agency said stock would held voting trust controlled independent trustee agency spokesman said usair proposed buy piedmont shares controls pct firm outstanding stock one week sell excess shares usair asked department earlier month approve voting trust agency spokesman said device airlines use get majority control company trying acquire application government pending approval spokesman said firm asked agency permission buy piedmont voting stock agency decided give approval pct shares spokesman said agency action proposed merger application could take long six months reuter
brooks inc year net oper shr profit cts vs loss dlrs oper net profit vs loss revs mln vs mln avg shrs vs note current year excludes gain mln dlrs cts shr benefit tax loss carryforward includes pretax gain mln dlrs sale export quota rights year ago includes charge five mln dlrs discontinued operations eight mths ended dec year company changed calendar year previous fiscal year ended april reuter
australian gas light co counter bids tmoc australian gas light co agl said offer one share plus one dlr cash every two shares oil gas producer tmoc resources ltd counter bid previously reported takeover offer santos ltd stos offer values tmoc shares dlrs based agl closing price dlrs friday tmoc shares jumped dlrs announcement friday closing price agl offer third made tmoc year compares santos cash offer dlrs share based tmoc issued capital mln shares agl offer values entire company mln shares agl said statement already holds pct tmoc issued capital compares santos stake pct announced bid march elders resources ltd began auction tmoc three months ago unsuccessful dlrs share market offer since agl said offer upper end range values placed tmoc advisers company response urging rejection elders resources bid agl said make offer tmoc convertible notes accepting share note holders participate agl planned one one bonus issue said tmoc already partner agl gas pipeline number businesses complementary agl agl new south wales natural gas utility tmoc extensive onshore holdings mainly queensland owns oil field northern territory operates holds oil gas field also interests number gas oil pipelines reuter
safety kleen sk buy stake oil refiner safety kleen corp said tentatively agreed buy pct stake enterprises toronto mln dlrs stock cash equipment price includes mln dlrs safety kleen common stock cash plant owned safety kleen closing deal expected may leading used oils north america used oils auto car dealers businesses refined mln gallons used oil reuter
national security insurance co th qtr oper shr loss cts vs profit cts oper net loss vs profit year oper shr profit dlrs vs loss cts oper net profit vs loss note net excludes realized capital loss dlrs vs gain dlrs quarter gains dlrs vs dlrs year net periods excludes tax credit dlrs reuter
u k money market shortage forecast revised bank england said revised estimate deficit money market today record two billion stg taking account morning operations billion midday bank provided system around billion stg assistance far today reuter
sterling drug inc increases payout qtrly div cts vs cts pay june record may note company said largest dividend increase years reuter
network take rd qtr charge network control corp said intends take dlr charge earnings third quarter ended march said sales quarter would dlrs pct sales year ago quarter network said taking charge due significant increase accounts receivable remain days said ultimately accounts attributed sales decline transition period new products delay major order reuter
sanwa bank looks securities world operations sanwa bank ltd three year business plan foresees securities international operations making greater contribution operating profits bank official said bank plan also retail medium small sized business operations told reuters officials bank ltd mitsubishi bank ltd outlined similar three year plans said lower interest rates financial liberalisation cut profits dealings big firms nearly nothing need us financing one official said sanwa bank plan forecasts securities international operations contribute pct total operating profits end fiscal year ending march compared pct fiscal sanwa official said reuter
precision target marketing inc rd qtr shr profit one cts vs loss two cts net vs loss revs mln dlrs vs mln nine months shr profit five cts vs loss cts net profit vs loss revs mln vs mln note rd qtr ended january rd qtr nine months includes dlrs dlrs gains respectively tax loss carryforward reuter
tropical forest death could spark new debt crisis death world tropical rain forests could trigger new debt crisis social scientists involved international tropical timber organisation said stake ability developing nations including brazil mexico philippines service debts loss trade worth hundreds billions dollars important sectors agriculture pharmaceuticals said experts gathering ahead meeting consumers producers near tokyo next week said problem already philippines offers case economic dangers many third world nations loss forest loss resources said philippine government consultant environmental impact mln hectares commercial forest one mln around years profitable left billion dlr debt loss foreign exchange earnings serious said mln philippine people depend upland areas farmers cannot grow crops government security advisers say direct result likely source philippines upland areas said replanting uneconomic tropical less pct chance known way wood millions within replanting programme successful said indonesian network forest conservation said three billion dlrs would needed next two years alone save five mln hectares land philippines experts say without major initiative development banks circle continue countries cutting forest help service short term debts cost long term yet timber five billion dlr year industry necessarily direct economic product forests nations must best farm said peter kramer world wildlife fund conservation director four billion dlr annual global trade end products brazil earn brazil mln dlrs year said u norman calculated pct u active higher plants growing forests would chance discoveries force major corporations research develop produce man made substitutes cost scientists say year developing nations still exporting timber currently export earnings drop peak billion dlrs less two billion world bank u n sponsored survey said billion dlrs advanced world bank inter american african asian development banks mln dlrs went projects said statistics show half world tropical forests since mln hectares remaining mln destroyed year local farmers reuter
wallenberg group raises stake ericsson sweden wallenberg group said raised holding telecommunications maker ab l ericsson eric st voting rights pct move wallenberg foundation one institutions core group companies formed late marcus wallenberg consolidated group control one key firms analysts said foundation controls pct ericsson voting rights pct held group investment companies ab investor ab move comes wallenberg group fought hostile takeover bid earlier month match packaging conglomerate swedish match ab st arms chemical concern nobel industrier ab st increasing stake swedish match pct pct reuter
sun raises crude oil postings one dlr across board wti dlrs bbl
u k retailers see growth consumer spending u k retailers expect consumer spending accelerate march disappointing increase february according monthly survey confederation british industry cbi nine pct retailers questioned latest trades survey expected sales higher march march six pct expecting lower sales chairman trades survey panel nigel whittaker said favourable budget next week would help sales summer figures released earlier week showed retail sales january fell pct mainly due exceptionally cold weather sales recover february much retailers expected looking better business march today survey said reported clothing stores optimistic pct expecting sales march higher year ago also expected stronger sales march retailers reported slower growth import penetration said reuter
academy insurance group inc th qtr net shr profit two cts vs loss dlrs net profit vs loss revs mln vs mln avg shrs mln vs mln year shr loss cts vs loss dlrs net loss vs loss revs mln vs mln avg shrs mln vs mln note results include losses nil vs dlrs three cts share quarter three cts share vs dlrs seven cts share year discontinued operations reuter
gas co pays regular div qtrly div cts vs cts pay april record march reuter
british aerospace pretax profit mln stg vs mln
iroquois brands ltd th qtr loss oper shr loss cts vs loss cts oper net loss vs loss revs mln vs mln mths oper shr loss dlrs vs loss dlrs oper net loss vs loss revs mln vs mln note excludes gain dlrs share versus gain cts quarter gain dlrs share versus gain dlrs year discontinued disposed operations reuter
bankamerica chairman says bank turning around heading profitability
l b nelson corp th qtr net shr loss two cts vs loss dlrs net profit vs loss revs vs year shr profit cts vs loss dlrs net profit vs loss revs vs note current qtr per share figure adjusted reflect provision preferred stock dividends reuter
united fire casualty th qtr net shr profit cts vs loss cts net profit vs loss avg shrs vs year shr profit dlrs vs profit cts net profit vs profit avg shrs vs note full company name united fire casualty co net includes realized gains dlrs dlrs respectively qtr year dlrs dlrs respectively qtr year results restated three two stock split net income restated due change method used deferred acquisition costs results include effect stock offering resulting issuance additional shares common stock reuter
richardson buy italian semiconductor firm richardson electronics ltd said agreed buy undisclosed terms g e b giant electronics brand italy based distributor electron semiconductors reuter
itt canada ltd year net shr dlrs vs dlrs net mln vs mln revs mln vs mln note shr preferred dividends itt corp itt owns pct itt canada common shares reuter
cominco sells stake canada metal cominco ltd said sold pct stake canada metal co ltd canada metal senior management undisclosed sum cominco said sale part previously announced policy non core businesses canada metal toronto based producer lead engineered lead products canada metal production figures immediately available reuter
cheung kong chairman sees strong results cheung kong holdings ltd hk expecting strong results year reporting better expected profits chairman li shing said give specific earnings projection told reporters firm pay total dividends less cents share year one four bonus issue four one stock split company earlier declared total dividends equal cents share adjusting stock split bonus issue cheung kong earnings rose billion h k dlrs well market expectations mln one billion dlrs compared profits mln dlrs cheung kong also reported extraordinary gains mln dlrs mainly firm sale hong kong hilton hotel hongkong electric holdings ltd hk one billion dlrs gains mln dlrs li attributed surge earnings buoyant local property market substantial increases contributions associated companies looking ahead another year stability property market li said growth hong kong exports expected stimulate demand industrial buildings cheung kong cash rich looking new projects british colony li said noting firm interested land project along hong kong harbour exchanging views government proposal build second airport reuter
transport development group plc l year shr p vs p final dividend p making p vs p pre tax profit mln stg vs mln turnover mln stg vs mln operating profit mln stg vs mln net interest mln vs mln tax mln vs mln profit tax mln vs mln minority interest vs net tangible assets per ordinary shr p vs p reuter
afg industries inc afg quarterly dividend qtly div four cts vs four cts pay april record march reuter
adams russell electronics purchase adams russell electronics co inc said acquired plc maker integrated circuit packages dlrs company said expected sales dlrs year ending month reuter
dixie acquire ti caro inc dixie inc ti caro inc jointly said signed merger agreement calling dixie acquire ti caro stock exchange three mln dixie common companies said previously announced merger approved ti caro board expected close early april said revenues combined companies mln dlrs dixie said merger dilute results ti caro taken private management led leveraged buy reuter
st lawrence seaway opening still march st lawrence seaway lake ontario montreal still scheduled open shipping season march seaway official said great lakes could open traffic earlier month due mild winter scheduled repairs canal joining lake erie lake ontario keep section closed april opening said one lock system four lock soo canal joining lake superior huron opened morning march three commercial vessels far according u army engineers official soo canal currently open vessel movement hour movement allowed beginning march added reuter
ici sells stake co imperial chemical industries plc ici l said today placed pct stake co plc l co placed widely among institutions manufacturer cotton man made fibres reuter
nv aus raises quarterly qtly div eight cts vs five cts prior pay april record april three reuter
ico talks set end quota debate international coffee organization executive board meeting end tomorrow without move reopen debate restoring coffee export quotas delegates said talks focused administrative matters verification stocks producer countries said producers met briefly today exchange views market situation seems little chance discussion quotas begin much ico annual council session september said delegates earlier thought meeting would end tonight session scheduled tomorrow gmt complete reports stock verification meantime executive board meet may discuss possible action report ico presented today board consumer delegates said reuter
corrected university patents inc nd qtr qtr ends jan oper shr loss cts vs loss cts oper loss vs loss revs vs six mths oper shr loss cts vs loss cts oper loss vs loss revs vs note prior year excludes losses discontinued operations cts per share quarter cts per share year corrects march item show losses instead profits also corrects quarter loss discontinued operations reuter
inc st qtr jan net shr two cts vs eight cts net vs revs vs avg shrs vs reuter
novell inc st qtr jan net shr cts vs cts net vs sales mln vs mln avg shrs mln vs mln note vs week periods reuter
ashland oil chairman sees loss operations second fiscal quarter
mining ltd th qtr loss shr given oper loss vs profit revs mln vs mln year shr given oper loss mln vs profit mln revs mln vs mln note pct owned british columbia resources investment corp note continued qtr excludes extraordinary loss mln dlrs versus loss mln dlrs prior year year excludes extraordinary loss mln dlrs versus loss mln dlrs prior year reuter
dixons boosts cyclops cyl ownership pct dixons group plc said bought cyclops corp common shares boosting holdings company stock pct outstanding pct fully diluted basis dixons said stock purchased single block transaction dlrs per share company said expects proceed merger advised cyclops intends per share amount paid merger dlrs form dlrs remaining cyclops shares outstanding fully diluted basis reuter
texas american banks merged texas american bancshares inc said three texas american banks merged texas american bank corporation said spring branch texas american banks become separate banking offices tab reuter
welbilt completes acquisitions welbilt corp said completed previously announced acquisitions assets l manufacturing co food machinery engineering co two manufacturers automated production equipment headquartered toronto reuter
japan promote interest rate liberalisation bank japan decided policy board meeting promote interest rate liberalisation lowering minimum regulation free large deposits raising interest rate ceiling money market certificates central bank official said new go effect april bank said minimum regulation free large deposits lowered mln yen mln interest rate ceiling maturities one year two years set percentage point prevailing certificate deposit rate bank said ceiling maturities one year less remain percentage point cd rates minimum lowered mln yen mln bank also said time deposit rates lowered point effective march line half point cut official discount rate february new interest rates two year one year deposits banks example pct pct per respectively demand deposit rates however remain reuter
thomson u government fund dividend mthly div cts vs cts prior month payable april six record reuter
wall street stocks anacomp inc anacomp inc one actively traded nyse issues rose today least one analyst expected earnings boosted planned acquisition company anacomp rose volume shares trading high seven earlier howard harlow analyst whale securities corp said anacomp earnings fiscal ending september could doubled cts share cts share forecast anacomp agreed buy datagraphix firm general dynamics corp company earn cts share fiscal maybe much dlr share datagraphix harlow said benefit fourth qtr integrate company second half anacomp earnings less problems datagraphix harlow said spokesman anacomp said company expects complete deal datagraphix later month would say much pay datagraphix noted datagraphix contributed mln dlrs earnings general dynamics revenues mln dlrs harlow said fellow analyst whale securities estimates anacomp pay mln dlrs mln dlrs datagraphix estimates street narrow mln dlrs mln dlrs harlow added anacomp reported net mln dlrs nine cts share first qtr ended december dlrs one ct share anacomp fiscal earned dlrs cts share whale securities recommends buying stock harlow said reuter
pancanadian sell north sea properties unit cash
resources ltd year net shr cts vs cts net vs revs vs reuter
argentine vegetable oil shipments argentine vegetable oils shipments january december totalled tonnes tonnes period argentine grain board said breakdown follows cotton sunflower soybean olive maize nil nil grape nil nil board added shipments december amounted tonnes tonnes month breakdown follows tonnes cotton nil sunflower nil soybean olive maize nil nil nil grape nil nil board said ten principal destinations january december comparative figures period brackets follows tonnes iran holland soviet union egypt algeria south africa brazil cuba united states india board said reuter
lindner says discussed control taft tfb financier carl lindner holds pct stake taft broadcasting co told securities exchange commission discussed company possibility seeking control lindner cincinnati ohio investor controls american financial corp said talks taft managers directors aimed achieving increased ownership position company lindner said increase ownership would made either making offer acquire control taft taking part group acquire company lindner holds taft stake american financial subsidiaries said also considering buying taft stock open market private deals say whether talks taft officials led agreements lindner said intends review investment taft may involved talks take steps regarding future control direction taft lindner investor group recently raised taft stake shares pct shares pct buying shares total mln dlrs although recently received clearance federal trade commission raise stake company pct lindner previous sec filings always stressed interest taft investment seeking control company investor group headed members wealthy bass family fort worth texas also holds pct taft common stock reuter
gold production start river canamax resources inc pacific trans ocean resources ltd said approved starting production jointly owned river gold deposit study recommended move said production conditional approval water license arrangement appropriate financing estimated development costs mine mill would total mln dlrs including three mln dlrs working capital feasibility study anticipated gold production ounces year cost canadian dlrs short ton said canamax pacific trans ocean said project would yield pct tax real rate return gold price u dlrs ounce said would mine tonnes proven probable reserves oxide ore grading ounce gold per ton yearly rate tonnes mine life years possible reserves tonnes grading ounce gold per ton break zone would extend mine life year considerable potential development oxide ore reserves deposit said reuter
u n issues report natural gas clauses u n centre corporations issued report containing guidelines recommendations negotiating natural gas clauses agreements petroleum corporations host countries u n said report aimed promoting petroleum exploration areas perceived gas page report contains depth examination problems gas looks different ways contractual terms might deal risks gas development associated pricing marketing volume reuter
paton reports u green coffee roastings higher u roastings green coffee week ended march kilo bags including used soluble production compared bags corresponding week last year bags week ended march george gordon paton co inc reported said cumulative roastings calendar total bags compared bags time last year reuter
chemlawn says rejects dlrs per share tender offer waste management
white house welcomes retail sales figures white house welcomed february retail sales figures showing pct rise following slow performance january spokesman marlin fitzwater told reporters february sales growth broad based good news economy commerce department figures showed larger expected rise following depressed levels sales factory orders january reuter
japan rises record january japan seasonally adjusted unemployment rate rose record pct january worst since government started compiling unemployment statistics current system previous record pct december government management coordination agency said unemployment pct year earlier unadjusted january unemployment totalled mln people mln december mln year earlier male unemployment january remained pct equal second worst level set last december record male pct set july unemployment january remained pct equal record level marked april august september december last year january record pct unemployment rate mainly stemmed loss jobs manufacturing industries particularly export related firms due yen continuing appreciation dollar officials said employment manufacturing industries fell year earlier mln including mln employed textile industry year earlier mln transport industries shipbuilders reuter
korean trade surplus u seen falling south korea record billion dlrs trade surplus u bound diminish country purchases japan favor u companies trade minister woong bae rha said rejected suggestions korean undervalued denied plans drastic sudden revaluation rha heading trade mission u cities last year south korea ran billion dlr trade surplus including record billion surplus u billion dlr deficit japan rha told reuters interview current trade mission looking billion dlrs purchases u companies quarter represents transferred purchases japanese sources rha said items sought current mission mainly chemicals machinery parts said south korea fourth largest importer u agricultural products current mission involved area plans buy substantial amounts cotton u noted country clearly open american market reasonable expect considering south korea billion dlr foreign debt six pct gross national product defense reuter
buys majority corp said acquired pct corp maker denim oriented sportswear headquartered seattle wash terms disclosed reuter
alliance financial corp dividend set qtly div cts vs cts previously pay april record march reuter
american express axp shearson options american express co rumored considering spinoff part shearson lehman brothers inc said studying range options brokerage unit could improve access capital help meet international competition joint statement american express shearson said actions consideration integral part american express worldwide financial services strategy two companies internal external discussions matters american express said decision reached strategic options shearson could ultimately decide follow growth plans already place last week rumors circulated wall street financial services giant considering spinoff part shearson speculation may considering selling stake japanese firm analysts said speculation also focused american express selling pct profitable brokerage firm public speculation american express also considered total spinoff shearson plan considered highly unlikely analysts said american express said statement sunday comment rumors speculation spokesman would go beyond statement company also remained last thursday friday rumors drove american express stock total dlrs two days bring friday close said issued statement sunday similar statement circulated employees analysts divided whether makes sense american express give stake wholly owned brokerage improved tax earnings pct last year analysts said american express may consider spinning part shearson concerned stock price fully reflect value brokerage firm shearson contributed mln dlrs american express billion dlr net american express ambitious plans international growth may also enhanced added cash spinning part shearson would bring analysts speculated shearson would market value billion dlrs however need added capital american express position raise capital need said larry eckenfelder prudential bache securities analysts said rumors fed reorganization shearson management wednesday chief operating officer jeffrey lane got added previously post president reorganization also created four new positions chairmen shearson operating divisions move analysts speculated would allow shearson stand alone company analysts contacted sunday said statement little last week market speculation confirm however financial services firm unsuccessfully attempted expand shearson major acquisition last year looking beyond growth global market competition late last year shearson takeover offer e f hutton group inc rejected hutton analysts said speculation shearson also rebuffed approached another major wall street brokerage reuter
industries ltd year net shr cts vs cts net vs revs mln vs mln note current results months change fiscal year end december august reuter
britain calls japan increase imports britain today called japan increase foreign imports risk rise protectionism harm would bring trading nations british trade industry secretary paul channon said japan must report issued japanese government advisory body december calling faster domestic demand help cut trade surplus restructure economy recognise strong yen brought problems japan domestic economy told group japanese businessmen london short term difficulties allowed japan fundamental reforms necessary said domestic issue japan import expand soon real risk protectionist particularly u japan massive surplus said may well succeed securing action governments would highly trading nations like japan u k channon said substantial growth volume trade japan britain amounting billion sterling billion dlrs last year added much one direction japanese selling us billion sterling billion dlrs sold reuter
peoples heritage make acquisition peoples heritage bank said agreed purchase northeast leasing co inc portland maine office equipment common shares said year end receivables dlrs reuter
n business loans rise mln dlrs feb week fed says
japan february wholesale prices fall pct pct january drop official
allied signal ald sell linotype unit allied signal inc said agreed sell linotype group unit commerzbank ag west germany undisclosed amount allied signal said commerzbank expected offer shares unit public later year company said agreement subject approval government shareholders linotype unit based west germany revenues mln dlrs company said company said top management linotype plan remain unit operations united states west germany united kingdom allied signal announced december planned sell linotype unit well six businesses electronics instrumentation segment linotype supplier type graphics systems reuter
u usair u pacific southwest purchase u department transportation said gave final approval usair group proposed mln dlr acquisition pacific southwest airlines department said acquisition likely substantially lessen competition would harm public interest department given tentative approval acquisition january department said decided make final tentative decision reviewing public response agency said rejected air north america currently operating plans start service cities served usair psa acquisition would lessen chances new entry markets carriers agency said air north america provided support claim transaction would give two carriers monopoly power markets transportation agency said air north america also failed show barriers would prevent new markets prevent carriers increasing service agency noted final order psa operates exclusively west mexico usair serves west part long haul flights east midwest two carriers serve five point common los angeles san diego san phoenix agency said transportation department also rejected request union represents psa workers require psa workers agency noted usair promised give protective benefits psa workers unions representing psa workers collective bargaining agreements provide reuter
buys houston mln dlrs corp buying houston houston inc mln dlrs announcement made jointly frank jr president chief executive officer richard johnson president houston selling paper comply federal tax laws requiring institutions divest profit making subsidiaries daily circulation competition houston post owned toronto sun publishing corp circulation acquisition gives biggest newspaper holding texas california based publisher already owns papers san antonio chain also owns among others san francisco los angeles herald seattle post reuter
american motors corp gets qualified audit financial statements
nigeria changes auction rules defend naira nigeria central bank changed rules governing foreign exchange auctions analysts see means defending naira currency steadily bank said statement april banks bidding foreign exchange would pay rate offered presently rate lowest successful bid made auction discourage banks bidding high ensure successful paying lower marginal rate analysts said central bank also announced auctions would fortnightly weekly beginning april reuter
cornerstone corp sets payout qtrly div eight cts vs eight cts prior pay may record april reuter
supermarkets general gets unsolicited bid dlrs shr cash
carling keefe sells oil unit takes gain carling keefe ltd said sold star oil gas ltd unit united coal canada ltd mln dlrs cash carling said record extraordinary gain two mln dlrs tax nine cts common share resulting sale company elaborate financial terms carling official later said reply inquiry carling would record extraordinary gain fourth quarter ending march move came carling pct owner rothmans inc agreed last week sell carling stake elders ixl ltd australia mln canadian dlrs reuter
pope sees higher st qtr net pope inc said expects first quarter earnings total one dlr per share compared year earlier loss nine cts per share company business segments contributed sharp improvement pope said wood products company also said expects release first quarter results later month reuter
international dairy st qtr net ended february shr cts vs cts net vs rev mln vs mln avg shares vs note company full name international dairy inc reuter
purchase private disc maker corp said signed letter intent purchase data corp private manufacturer high capacity storage computer data terms letter said acquire classes stock mln dlrs addition said loan dlrs support operations closing sale set second quarter company said reuter
ups stake electronics corp said investment inc form mln dlrs convertible preferred stock raising stake pct pct fully diluted basis reuter
uk feb trade deficit mln stg vs deficit mln jan official
minister sees enough ec states oils tax enough european community ec states appear opposed proposals ec commission european currency unit ecu tonne tax vegetable oils fats marine oils block adoption ec ministers british farm minister michael jopling said told news conference held meeting ec agriculture ministers britain west germany netherlands denmark portugal tax five countries enough votes weighted voting system used ec ministers meetings block decision jopling said reuter
sosnoff says caesars caw offered stock buyback martin sosnoff offered buy caesars world inc dlrs share said senior officials company offered buy back caesars stake already holds pct total outstanding filing securities exchange commission sosnoff new york investor money manager said offers buy back stock occurred several past year offers made several caesars world representatives including chairman henry gluck said sosnoff said rejected proposals caesars world official suggested various forms payment sosnoff stake including securities company cash said sosnoff detail value proposed compensation also suggested deal involving put call option regarding sosnoff caesars world holdings said proposed deals would also included standstill agreement would restricted sosnoff right buy caesars world stock take action adverse management said sosnoff report offers received caesars world shares amended official offer purchase company well reported sec sosnoff holds mln caesars world shares pct company mln shares outstanding sosnoff offer buy shares company already hold valued mln dlrs reuter
applied solar energy corp st qtr net qtr ended jan shr profit nine cts vs loss cts net profit vs loss sales vs note net includes extraordinary gain dlrs two cts per shr reuter
baldrige concerned korean taiwan deficits secretary commerce malcolm baldrige expressed concern continuing u trade deficits south korea taiwan said without adjustment exchange rates little likelihood improvement speaking president export council industry advisory group baldrige said trade deficit issue discussion countries feel unless see exchange rate adjustment probably able see much change large surplus taiwan particular us said wide ranging discussion u trade matters baldrige also repeated u concern attempted takeover japan fujitsu company fairchild computer said japanese resisting allowing u companies giant computer business time attempting acquire control u company major computer business u market baldrige said united states hopeful could complete free market agreement canada autumn said major issues including acid rain remained unresolved reuter
china reports mln dlr two month trade deficit china trade deficit totalled mln dlrs first two months year according figures released state statistics bureau new china news agency quoted bureau saying foreign trade totalled billion dlrs period exports worth billion dlrs bureau said total trade volume pct period exports pct gave comparative figures china trade deficit totalled billion dlrs official figures show reuter
blockbuster acquire licensee blockbuster entertainment corp said agreed buy southern video blockbuster licensee san antonio blockbuster said issue shares common stock net assets southern video company said acquisition complete intends open additional blockbuster video san antonio market reuter
reagan says u must lessen reliance foreign oil
broader u eep sought republican lawmakers republican members house agriculture committee said propose amendments tomorrow pending trade bill increasing funding export enhancement program eep significantly expanding scope program press conference republican lawmakers said would propose expanding eep include countries willing purchase additional commodities reasonable prices addition congressmen said would propose extending life eep five years current three years increasing eep funding ceiling billion dlrs billion present agriculture committee tomorrow begin drafting amendments trade bill house responding republican plan agriculture secretary richard lyng trade representative clayton yeutter said favor flexible targeted use eep instead across board program termed costly republican congressmen also said offer amendment trade bill u agriculture department value bonus commodities used eep market value rather cost acquisition lyng said usda already plans change market value accounting rather acquisition value order avoid hitting funding ceiling eep billion dlrs lyng said market value accounting mln dlrs eep commodities used date using acquisition value usda officials said value higher reuter
new york business loans fall mln dlrs commercial industrial loans books major new york banks excluding acceptances fell mln dlrs billion week ended march federal reserve bank new york said including acceptances loans fell mln dlrs billion commercial paper outstanding nationally dropped mln dlrs billion national business loan data scheduled released friday reuter
robert bruce industries inc year loss shr loss dlrs vs profit cts net loss vs profit revs mln vs mln reuter
industries increases payout industries inc said raised preferred dividend class common stock cts per share cts per share said dividend payable april shareholders record april reuter
unilever fragrance unit lower earnings firm international n v acquired anglo dutch food group unilever plc n v un last year said net profits fell pct mln guilders said earnings hit fall value dollar sterling noting figure line prior expectations net profit mln guilders earnings per share fell guilders turnover mln mln set cash dividend guilders unchanged last year without last year share option payment reuter
links share price assay speculation mining corp ltd said sharp rise share price based speculation favorable results current underground diamond drilling program pct owned star lake gold mine northern saskatchewan mining shares rose cts dlrs trading toronto stock exchange company said drilling results program started late february encouraging soon conclusions disclose check assay results exploration program reuter
gencorp gy unit completes wor tv sale gencorp said rko general inc subsidiary completed sale wor tv mca inc mca mln dlrs federal communications commission approved sale last december gencorp said closing delayed decision appealed four parties u court appeals gencorp explained wor tv based n j gencorp said earlier today general partners said prepared raise bid dlrs per share even bid gencorp reuter
bi inc sets reverse split bi inc said implementing one reverse split shareholders record today said fractional shares redeemed cash reducing free trading stock public hands shares mln total shares outstanding mln shareholders approved reverse split october reuter
french unit takes pct stake corp state owned cie generale electrical contracting unit alsthom taken stake u computer firm corp alsthom chairman told press conference according agreement principle two companies alsthom could take majority stake future time scale set added turnover mln dlrs expected see rise mln year one leading u suppliers electric systems reuter
corp th qtr loss shr loss cts vs profit cts net loss vs profit revs mln vs mln year shr loss cts vs profit cts net loss vs profit revs mln vs mln reuter
african money growth slows january south african year year broadly defined money supply growth slowed pct january pct december reserve bank figures show fell billion rand january billion december preliminary february figures show billion rand year year rise pct showed rise pct january billion rand pct december pct billion pct pct billion rand pct reuter
p h glatfelter co increases dividend p h glatfelter said board increased quarterly dividend common stock cts per share cts per share prior quarter said dividend payable may shareholders record april addition company said authorized repurchase additional one mln shares common stock march board authorized repurchase two mln shares adjusted two one split effected april company said company said shares may still repurchased authorization added shares repurchased would added treasury available future issuance company said present plans issue shares may repurchased company said presently common shares outstanding reuter
american express raises qtly dividend cts cts
combined int l raises payout votes split combined international corp said board voted increase quarterly dividend pct cts share cts payable may record may said directors also approved two one stock split subject approval shareholders proposed capital stock amendment annual meeting april record pay dates would announced later said reuter
buys medical inc said acquired associates inc medical services inc undisclosed terms firms combined revenues one mln dlrs providers speech physical therapy therapy services reuter
buys company inc said signed agreement principle buy labs inc mln dlrs common stock agreement subject shareholders approval conditions reuter
information solutions inc st qtr jan shr two cts vs six cts net vs revs vs reuter
co sets quarterly qtly div cts vs cts prior pay may record may four reuter
colonial bancgroup inc clbga st qtr net shr cts vs cts net mln vs note st qtr includes loan write offs banking subsidiary colonial bank mobile due loan losses mln dlrs cts share reuter
piedmont aviation inc pie sets quarterly qtly div eight cts vs eight cts prior pay may record may one reuter
french january industrial production fell pct official
ec concerned u textile import moves european community ec expressed protectionist moves united states limit imports textiles said would retaliate immediately ec exports hit spokeswoman ec commission said ec external trade commissioner willy de clercq written u counterpart special u trade representative clayton yeutter outlining concerns nation community draft legislation consideration congress would impose permanent quotas products entering u seek limit increase growth overall trade reuter
citizens first bancorp inc raises dividend qtly div cts vs cts prior pay may record april note prior dividend adjusted recent six five stock split reuter
u leading index rose pct february u index leading indicators rose seasonally adjusted pct february revised pct january fall commerce department said department previously said index fell pct january february increase left index base led rise stock prices total four nine indicators available february contributed increase index besides stock prices manufacturers new orders consumer goods materials average work week building permits five nine indicators negative change sensitive materials prices money supply vendor performance average weekly initial claims state unemployment insurance contracts orders plant equipment main factor january revision contracts orders plant equipment department said december also revised pct rise earlier pct rise due change outstanding credit index indicators measures current economy rose pct february decline pct january rise pct december index lagging indicators measures past economic activity decreased pct february increasing pct january falling pct december department said suspended net business formation leading indicators index deteriorated measure change business population reuter
volcker says fed policy linked rate rise federal reserve board chairman paul volcker said believe connection fed policies recent rise prime interest rate major u banks asked reporters following testimony senate banking committee whether fed anything rise pct prime replied able reuter
morrison inc rd qtr feb net shr cts vs cts qtly div cts vs cts prior qtr net vs revs mln vs mln nine mths shr dlrs vs one dlr net mln vs mln revs mln vs mln note per share data reflect march five pct stock distribution cash dividend payable april holders record april reuter
group inc th qtr net shr cts vs cts net vs sales mln vs mln avg shrs vs year shr cts vs cts net vs sales mln vs mln avg shrs vs backlog mln vs mln reuter
united overseas bank ltd si year shr cts vs cts fin div pct gross vs pct group net mln dlrs vs mln note fin div pay may record april reuter
sterivet labs sets stock split sterivet laboratories ltd said authorized three one split common stock company said stock split subject approval shareholders upcoming annual meeting reuter
brazil gdp grew pct last year brazil gross domestic product gdp rose pct real terms last year following pct increase geography statistics institute said money terms trillion cruzados giving per capita gdp cruzados pct level achieved recession institute said statement agricultural output hit adverse weather fell pct last year led coffee production pct industry grew pct including capital goods pct consumer goods pct services pct reuter
mony real estate investors rd qtr feb oper shr nine cts vs cts qtly div cts vs cts prior oper net vs total income vs nine mths oper shr cts vs cts oper net vs total income mln vs mln note current year net periods includes provision possible losses net excludes gains sale investment dlrs vs dlrs quarter nine mths dividend pay april record march reuter
harris properties inc sets payout qtly div cts vs cts prior pay may eight record april reuter
mellon mel republic rpt lift prime rates mellon bank na pittsburgh republic bank dallas raised prime lending rates pct effective immediately reuter
becor western bcw gets offer acquired becor western inc said investment limited partnership conn w offering acquire becor dlrs per share subject becor receipt least mln dlrs proposed sale western gear corp subsidiary becor said also received expressions interest parties seeking information becor becor previously agreed sell western gear least mln dlrs acquired bcw acquisition inc dlrs cash four dlrs debentures per becor share bcw formed becor executives goldman sachs co deals subject shareholder approval reuter
saudi banks face period saudi arabia commercial banks reporting decline profits increasing provisions set aside cover burden non performing loans bankers saudi capital said need build reserves bad doubtful debts may start decline little year kingdom still sluggish economy legal problems traditional lending operations mean earnings remain vulnerable one senior bank credit officer said work largely done terms bad loans making provisions banks still going face difficulties earning money sudden decline saudi arabia corporate sector number debt taken heavy toll bank profits first results showing fourth successive year broad decline cumulative net earnings kingdom banks mln riyals billion world oil prices kingdom nine joint venture banks operate calendar year four already reported revealed profits decline net loss expense increased provisions smallest joint ventures united saudi commercial bank reported net loss mln riyals marginally less shortfall mln profits provisions sharply higher part reflecting pct staff cut last year bank nearly amount set aside bad doubtful loans mln riyals mln results released far show saudi american bank reporting pct fall net profit mln riyals al bank al saudi al known saudi french slid pct mln riyals saudi american owned pct citicorp cci n citibank na saudi french pct owned banque indosuez increased provisions sharply arab national bank net profit fell pct mln riyals provisions doubled mln riyals bankers said first signs number non performing loans stopped growing decline saudi economy willing predict sharp upturn economic activity one banker said top pct saudi banks close international levels provisions kingdom largest bank national commercial bank ncb away billion riyals provisions pct total loans advances private sector bankers calculated bank ncb rival second biggest two saudi shareholding banks covered pct loans advances banks operate islamic year coincide nine although saudi arabian monetary agency sama tightening still rule declaring loans non performing bankers say makes comparison profit figures difficult banks still book non accruing interest revenue others follow conservative practices force major world financial centres bankers generally said ncb bank joint ventures saudi french arab national bank rank strongest earners banks saudi british bank pct owned british bank middle east relatively low deposit base saudi british profit pct mln riyals accounts due soon expected show another low figure bank traditionally one conservative making provisions bankers said sama proved prepared see saudi bank go supported saudi cairo bank troubled accounts came light also made available cheap deposits saudi investment bank banks lend generate profit generally banks liquidity since unwilling risk fresh non performing loans banks liberal financial markets attempt diversify away traditional lending saudi banking made difficult generate fee income new investment banking products one banker said operating earnings kingdom good reflecting caution new lending amount advances showing declining trend days banks ample funds interest free current accounts invest saudi customers seek better return money ratio interest bearing accounts current accounts pct today pct customer funds held current account reuter
pay n save st qtr jan net shr profit one ct vs loss cts net profit vs loss sales mln vs mln reuter
japan february external reserves record billion dlrs january billion
kobe rubber exchange extend trading hours kobe rubber exchange said extend trading hours may enable operators use exchange subject ministry international trade industry approval exchange add sixth session starting local time close account trading new session following day opening call starts local time exchange official said trading singapore rubber market major producer price indicator japanese end users usually active end current final session introduction new session enable participants trade overnight taking account singapore rubber prices brokers members designated kobe exchange allowed add volume traded overnight new final session opening session starts next day official said kobe exchange uses auction system sets fixed price session price contracts traded overnight fixed price settled sixth session added industry sources said expected ministry approve plan encouraged japanese futures industry expand tokyo commodity exchange industry also trades rubber futures japan said plans introduce extra session also five rubber trading sessions day four sessions start minutes later kobe exchange sessions exchanges final sessions start time reuter
ico quota talks failure hamburg market failure international coffee organization talks reintroduction quotas paralysed business hamburg green coffee market past week trade sources said activity spot material mainly requirement buying said adding pre registered longer available said expected brazil colombia open export registrations may shipment next week however president brazilian coffee institute jorio dauster said yesterday yet decided registrations would reopen reuter
olson loss egg unit sale olson industries inc said final negotiations sale remaining egg operations expects sale generate charge two mln dlrs net income company said however sale generate substantial cash flow pay bank debt improve working capital eliminate effects profits price instability egg business allow concentrate plastics packaging business reuter
h holmes co ltd sets payout qtly div cts vs cts prior pay april one record march reuter
humana hum declares shareholders rights plan humana inc said board approved shareholder rights plan called poison pill plan ensure shareholders receive fair treatment event proposed takeover humana said aware effort gain control company plan board declared dividend distribution one right outstanding common share held march said right entitles holders purchase unit share newly series participating preferred dlrs per unit humana said rights become effective entity acquires pct outstanding common tenders pct stock acquisition right entitles holders purchase securities company acquiring entity market value twice right exercise price humana said rights expire march unless redeemed earlier said rights may redeemed company one ct per right time prior days following public announcement pct position acquired reuter
united pact may lower income united co said department utility controls approves earnings agreement submitted march reduce accounting procedures earnings mln dlrs dlr per share two month period ended february said amount reduction would amount cts per share earlier reported net income two month period mln dlrs dlr share united said approval would lead equity return level comparable electric utility industry average reuter
restaurants inc th qtr loss shr loss dlrs vs loss eight cts net loss vs loss revs mln vs mln year shr loss dlrs vs profit four cts net loss vs profit revs mln vs mln note includes non recurring charges dlrs th qtr dlrs year reserve underperforming restaurants reuter
miyazawa says u likely intervene finance minister kiichi miyazawa told parliament lower house finance committee u expected intervene foreign exchange market stabilise exchange rates political sources said asked u federal reserve board agreed paris last month intervene stabilise exchange rates miyazawa said yes sources said miyazawa also quoted saying sceptical effectiveness currency reference ranges even major nations agree idea extremely difficult set ranges reuter
donald trump buy crosby resorts stock casino hotel operator real estate developer donald trump said agreed purchase class b common stock resorts international inc held family estate late resorts chairman james crosby dlrs per share trump said also considering tender offer remaining class b shares price interest resorts class shares trump said shares agreed already buy represent pct interest class b stock estate owns class b shares also class shares outstanding trump said interest class shares class b share times voting power class share atlantic city resorts said statement class b shares sold trump represents pct combined voting power resorts said closing dependent receipt necessary regulatory approvals matters closing trump tender remaining class b shares price reuter
schlumberger slb may alternate buyer schlumberger ltd likely alternate buyer lined fairchild semiconductor unit wall street analysts said think clear agreement fujitsu schlumberger another deal works said paul johnson semiconductor analyst l f rothschild buyers added kidder peabody analyst f lot companies looked fairchild would willing buy among companies would interested bidding fairchild advanced micro devices calif lsi logic corp calif industry analysts said top u chipmakers like national semiconductor corp texas instruments inc inc might also seek buy fairchild could possibly run antitrust problems analysts added moreover fairchild management thought considering proposing leveraged buyout calif company analysts said brief statement announcing termination agreement fujitsu schlumberger said decision opened possibilities including possible buyout fairchild management company said ended deal fujitsu would bought pct fairchild estimated mln dlrs rising opposition deal reagan administration made unlikely sale could completed within reasonable period time analysts questioned explanation however arguing companies need government approval complete transaction schlumberger fujitsu owned companies schlumberger would terminated deal u government want said johnson l f rothschild spokesman schlumberger declined elaborate company news release said company reviewing number possible alternatives fairchild unit officials fairchild fujitsu immediately available comment analysts noted significance government apparent success preventing fujitsu taking control fairchild administration officials including commerce secretary malcolm baldrige defense secretary caspar weinberger feared sale fujitsu would lead japanese control key semiconductor technology supercomputers military weapons systems government really stood semiconductor industry said johnson l f rothschild think real significance consequently analysts said japanese government might feel pressure address u complaints japanese chipmakers violation semiconductor trade agreement signed last summer reuter
western industries inc th qtr net oper shr primary cts vs cts oper shr diluted cts vs cts oper net vs revs mln vs mln avg shrs primary vs avg shrs diluted mln vs mln year oper shr primary cts vs cts oper shr diluted cts vs cts oper net vs revs mln vs mln avg shrs primary vs avg shrs diluted mln vs note revs includes investment income dlrs vs dlrs qtr mln dlrs vs dlrs mths revs also include loss equity securities dlrs qtr dlrs mths oper net excludes extraordinary gain dlrs vs dlrs qtr dlrs vs dlrs mths reuter
pdvsa sign champlin refinery deal march petroleos de venezuela said sign contract march buy half interest corpus christi texas refinery related operations contract signed pdvsa champlin petroleum parent company union pacific corp unp create new joint venture called champlin refining state oil company said pdvsa pay order mln dlrs half interest champlin energy minister arturo hernandez grisanti said wednesday cost would mln dlrs cash plus additional mln crude refined oil shipments pdvsa union pacific sought line credit group north american japanese banks finance new company working capital venezuelan company said deal pdvsa supply barrels day refinery option place bpd mostly gasoline champlin distribution system u states new company directed six member board three representatives pdvsa union pacific reuter
delays defensive rights offering systems inc said plan distribute dividend common stock purchase rights shareholders record march delayed pending completion necessary regulatory approvals reuter
inc sets quarterly qtly div cts vs cts prior pay april record april seven reuter
cbi survey points surge u k output british manufacturers expect output grow rapidly four coming months confederation british industry cbi survey shows cbi monthly trends survey march shows pct polled u k firms expect raise output next four months nine pct expect output fall pct said production would likely remain unchanged cbi said positive balance firms expecting production rise forecasting fall pct highest figure recorded since cbi february survey pct companies expected rise output pct forecast production would remain present levels eight pct expected production drop survey also showed pct polled companies consider current order books normal pct view normal pct regard normal highest positive balance since question first asked years ago cbi said february figures pct pct pct respectively companies also rated export possibilities higher polled companies pct rated export order books normal pct described normal pct believed export orders normal levels february pct thought export books normal pct believed normal pct proportion companies rating export books normal unchanged february march prices survey showed pct companies expect average prices domestic orders booked remain unchanged coming four months pct february pct february pct firms expect prices rise july six pct forecast prices fall four pct month earlier commenting survey cbi economic situation committee chairman david said sterling competitive level many european currencies improved exports interest rates still much higher competitor countries british manufacturers still work hard win new business overseas markets british made goods imports home said reuter
greyhound g buys general motors gm bus unit greyhound corp said signed definitive agreement buy general motors corp u transit bus parts business undisclosed sum agreement tentatively set january includes production design equipment urban transit buses inventories trademark agreement also right buy gm canadian transit bus parts business contingent satisfactory labor agreement greyhound said relocate production facilities currently michigan location reuter
inc th qtr loss shr loss cts vs loss cts net loss vs loss revs vs year shr loss cts vs loss cts net loss vs loss revs mln vs mln reuter
banca america e year net profits year ended december billion lire vs billion deposits clients billion lire vs billion loans clients billion lire vs billion note bank sold bankamerica corp bk n last december west germany deutsche bank ag dbkg f said sharp fall net profit reflected various factors including higher set risk coverage high tax burden reuter
iea sees one pct growth oecd oil demand growth oil consumption western industrialised countries likely slow around one pct year compared pct international energy agency iea said oil use countries oecd increased around one pct first quarter mln bpd iea said monthly oil market report growth oecd countries expected come primarily transport fuels average consumer prices higher rate growth fuels may last year pct said iea said assuming crude oil product prices stay close current levels destocking end users expected happens natural gas also regain market share lost heavy fuel may slightly less growth transport fuels iea estimates april put oil stocks oecd area mln tonnes representing days forward consumption level year agency said flat trend explained projected seasonal consumption decline second quarter year offset reduction stocks said initial estimates indicate company stocks fell mln bpd oecd countries first quarter year followed small rise january mln bpd decline mln bpd february mln bpd march possible final data show larger draw march said crude production also fell likely also decline non reported stocks particularly sea iea said company stocks land oecd rose mln tonnes april mln april governments built strategic stocks mln tonnes mln period year year trend government stock building continuing year year company stocks also rising less line consumption declining five years iea noted oil stocks land u canada put mln tonnes april mln tonnes january equivalent days consumption respectively oil stocks western europe mln tonnes april mln january still equivalent days consumption world oil supply fell first quarter two mln bpd mln bpd mln bpd last quarter drop mostly due decline opec crude production around mln bpd february march mln bpd january seasonal drop exports centrally planned economies iea said total opec crude oil supply mln bpd first quarter plus mln bpd compared mln bpd crude last three months mln average whole supply non opec countries totalled mln bpd mln bpd fourth quarter drop saudi arabian output tentatively forecast mln bpd march mln bpd february largest factor behind opec production decline iea said saudi arabia opec assigned output quota mln bpd reuter
report says soviet economic plans optimistic soviet economy grown increased rate mikhail gorbachev leadership goals may ambitious according report u intelligence agencies report prepared jointly central intelligence agency defense intelligence agency congressional joint economic committee released said soviet economy grew pct gorbachev first full year power twice average rate growth previous years gorbachev policies improve worker remove officials reduce country industrial equipment accounted gains report said although many specific policies gorbachev adopted new gorbachev brought efforts apparent commitment finding long term solutions immediate lacked nonetheless gorbachev program appears ambitious number report said earlier week two u experts soviet union said gorbachev likely three four years continues reform policies think last four years marshall goldman harvard university told congressional hearing moving fast stepping many similar comment came peter institution institute advanced studies economic report said meeting targets commodity output would require gains productivity industrial output targets appear high allow time install advanced equipment none gorbachev proposals would change system economic incentives discouraged technological change report added first significant resistance specific policies although overall goals massive government party particularly among enterprise managers complained asked carry conflicting goals raise quality standards output targets simultaneously report said dia report predicted two three pct growth soviet economy next several years said soviet union u seven years advanced manufacturing technologies computers reuter
deutsche babcock sees higher profits deutsche babcock ag f expects profits rise current financial year ending september although earnings level still unsatisfactory managing board chairman helmut wiehn said told news conference business year weakened somewhat still generally positive sales first five months february billion marks pct period however expected turnover year approximately unchanged previous year billion marks current orders major projects booked wiehn said incoming orders first five months end february totalled billion marks compared billion period included pct increase domestic orders billion marks orders hand five months pct higher billion marks wiehn added babcock still aiming three pct yield turnover year september group profits totalled mln marks sales billion previous year mln billion marks parent company turnover unchanged mln marks wiehn said babcock liquidity clearly improved current business year financial reserves first five months rising mln marks mln increasing mln marks mln said pre tax earnings per share according method marks marks earnings tax rose marks company earlier said dividend unchanged three marks ordinary shares marks preference shares reuter
harper row gets bid harcourt brace jovanovich dlrs shr
uk feb adjusted unemployment fell total mln pct official
technologies international inc shr cts vs cts net vs revs mln vs year shr cts vs cts net vs revs mln vs mln reuter
borg warner bor sell unit mln dlrs borg warner corp said agreed sell industrial products group clayton dubilier inc senior management group mln dlrs clayton dubilier new york based private investment firm completed two management led buyout transactions since december borg warner industrial products group based long beach california sales mln dlrs employs staff businesses include standard custom engineered pumps mechanical petroleum industry advanced controls aerospace defense industries sale part borg warner planned restructuring proposed sale subject approval borg warner directors said reuter
u money supply rises mln dlrs march week fed says
oppenheimer six pct cyclops cyl oppenheimer brokerage investment subsidiary oppenheimer group inc told securities exchange commission acquired shares cyclops corp pct total outstanding oppenheimer said bought stake connection risk arbitrage investment activities ordinary course business said plans seek control company friday dixons group plc acquired cyclops shares giving pct total reuter
colombian inflation rises pct february colombia cost living index rose pct february pct increase january pct rise february government statistics institute said rise brought year year inflation pct compared pct end february pct year ending january government predicted inflation year would lower reached pct reuter
hayes completes going private deal hayes corp said shareholders approved plan merge become wholly subsidiary privately held harvard industries inc st louis based harvard industries manufacturer distributor automobile supplies held pct hayes following completion dlrs share cash tender offer december merger agreement remaining shareholders hayes mich based maker auto supplies receive dlrs cash shares trading hayes common cease close business today company said reuter
inc th qtr net oper shr cts vs cts oper net vs revs mln vs mln avg shrs vs year oper shr cts vs cts oper net vs revs mln vs mln avg shrs vs note results exclude one time gains four cts cts qtr year vs gains dlrs dlrs prior periods reuter
u k money market given mln stg late assistance bank england said provided money market late assistance around mln stg brings bank total help today mln stg compares forecast shortage around mln stg reuter
inc st qtr feb oper loss oper shr loss cts vs profit cts oper loss vs profit revs vs note oper data include year ago extraordinary gain dlrs nine cts per shr reuter
japan study urges foreign access farm markets japan increase foreign access farm products market encouraging development domestic agriculture government report said white paper agriculture year ended march said active participation writing world farm trade rules next round general agreement tariffs trade gatt talks help prepare japan improve access agriculture ministry sources said paper marked easing japan tough position agricultural imports stressed need strict controls products maintain self sufficiency food japan produces pct annual grain needs pct years ago official figures show paper said japanese agriculture slow improve productivity demand supply imbalances relative shortage farmland japan mainly responsible higher domestic prices said strong yen meant lower input material prices also resulted higher agricultural imports working conditions among part time farmers paper said could make difficult improve industry structure paper said solve problems reduce farm product prices reasonable levels japan try restructure agricultural sector improve productivity make self supporting said reuter
icco group looks cocoa buffer stock rule plan international cocoa organization icco buffer stock working group began examining draft proposal buffer stock rules afternoon delegates said plan presented icco executive director kobena erbynn represented compromise producer european community ec consumer views buffer stock operate said proposal involved three key principles first buffer stock manager would open offers cocoa rather using fixed posted prices previously delegates said offer system buffer stock manager would free choose cocoas varying prices said second provision non icco member cocoa could comprise maximum pct buffer stock third laid pricing system buffer stock manager would pay differentials different grades cocoa set formula delegates said plan presented working group delegates met briefly smaller groups producers ec consumers consumers look proposal producers gave reaction scheme respond working group meets tomorrow gmt producer delegates said consumer members accepted proposal good base work one consumer delegate said delegates said proposal starting point negotiations buffer stock rules subject change reuter
ec oils tax longer major issue association proposed european community ec tax vegetable oils fats longer major issue agenda ec commission merely used threat west german feed industry association said association chairman wagner told news conference west german feed industry believes ec seriously introduction tax would end another transatlantic trade war avoided trade conflict u commission used tax threat calm national farm american soybean association president elect wayne said yesterday hague u soybean producers confident tax would rejected leading one three soybean delegations tour ec capitals also visit bonn thursday friday indications bonn government also reject proposed tax wagner said reuter
taiwan issues cds curb money supply growth central bank issued billion dlrs worth certificates deposit cds bringing value cd issues far year billion bank spokesman told reuters new cds maturities six months one year two years carry interest rates ranging pct issues designed help curb growth b money supply expanded along taiwan foreign exchange reserves spokesman said reserves reached record high billion u dlrs wednesday reuter
talks fail end brazilian seamen strike pay talks aimed ending week old national seamen strike collapsed today strike continue union official said brazil seamen ships various ports jorge luis franco senior official national merchant marine union told reuters strikers seeking pct pay increase rejected offers pct raise state oil company petrobras pct increase national union maritime navigation companies franco said eight hours talks rio de janeiro labor minister almir ended today without resolving dispute said six ships idle abroad netherlands spain venezuela france south africa economic analysts said strike major concern government suspended interest payments part brazil foreign debt following drastic deterioration country trade balance head national merchant marine authority quoted today saying strike continued foreign ships could authorized transport brazilian exports brazil living crisis moment exports hit told newspaper reuter
peru short term trade lines rise mln dlrs peru short term foreign trade credit lines doubled mln dlrs president alan garcia month administration central bank general manager neyra told reporters many credits day terms could used several times year trade credits stood million dollars garcia took office july announced foreign debt payments would limited pct export neyra told reuters peru current interest payments short term debt including trade credit lines million dollars called working capital credits neyra specify source trade credit lines reuter
freedom federal recognize gain freedom federal savings bank said recognize first quarter earnings previously deferred mln dlr gain resulted sale apartment complex said recognition comes result repayment loan granted complex sold reuter
union valley corp th qtr net shr cts vs cts net vs rev mln vs mln avg shares vs year shr cts vs one dlr net vs rev mln vs mln avg shares vs note includes extraordinary gain dlrs eight cts share reuter
dutch current account surplus falls dutch current account surplus fell billion guilders last year provisional billion guilders finance ministry said statement surplus expected fall statement said gave details earlier today official planning agency said expected surplus fall six billion guilders visible goods surplus excluding energy fell billion guilders billion due declining terms exchange goods imported consumer spending investment increased energy trade balance surplus rose billion guilders billion gain caused temporary improvements terms exchange aided delay fall oil gas prices current account showed billion guilder deficit compared balance finance ministry said noting surplus transport services reduced substantially due lower dollar oil price falls fourth quarter current account showed deficit first time since mln guilders said reuter
raven industries inc th qtr jan net shr profit six cts vs loss nine cts net profit vs loss sales mln vs year shr profit dlrs vs profit dlrs net profit vs profit sales mln vs mln reuter
crystal oil co th qtr loss oper shr loss cts vs loss cts oper net loss vs loss mln revs vs mln year oper shr loss dlrs vs loss dlrs oper net loss mln vs loss mln revs mln vs mln note oper net excludes losses discontinued operations dlrs vs dlrs qtr mln dlrs vs mln dlrs year reuter
stanadyne united technologies end talks stanadyne inc said terminated discussions proposed purchase united technologies corp diesel systems unit reason disclosed reuter
minstar inc th qtr net oper shr loss cts vs loss cts oper net loss vs loss revs mln vs mln avg shrs mln vs mln year oper shr loss eight cts vs profit cts oper net loss vs profit revs mln vs mln avg shrs mln vs mln note operating net loss excludes income discontinued operations equal cts quarter cts year compared dlrs quarter dlrs respective periods operating net loss also excludes extraordinary charges cts quarter cts year operating net profit excludes extraordinary gain cts reuter
united cos financial corp th qtr net shr cts vs cts net vs revs mln vs mln avg shrs vs year shr dlrs vs dlrs net mln vs revs mln vs mln avg shrs vs reuter
sanford corp st qtr feb net shr cts vs cts net vs sales mln vs mln reuter
inc rd qtr jan net shr cts vs cts net vs revs mln vs mln nine mths shr cts vs cts net vs revs mln vs mln reuter
mitsui co buys stake imatron mitsui co spokesman said subsidiary mitsui co usa inc bought two mln dlrs newly issued shares imatron inc unlisted california based medical equipment manufacturer mitsui co usa imatron fifth largest shareholder pct firm outstanding shares imatron capitalised mln dlrs spokesman said mitsui co intends import imatron diagnostic equipment japan said reuter
sumita says bank japan intention lowering discount rate
u gnp price deflator rose pct th qtr unchanged
hutton efh ends purolator pcc bid emery air freight corp said entered agreement e f hutton group inc efh hutton terminate merger agreement purolator courier corp pending dlr per share tender offer effective april merger agreement hutton right terminate merger agreement certain circumstances including receipt less pct purolator shares start higher competing tender offer emery competing dlr per share offer purolator stock yesterday hutton pc acquisition corp subsidiary extended tender offer expired midnight two days said shares pct purolator shares tendered withdrawn pct interest held earlier emery bid expires april emery said pending termination pc acquisition merger agreement pc released purolator agreement discuss emery acquisition proposal emery emery said result request enter merger negotiations emery said acquire pct purolator shares control purolator board agreed dispute pc acquisition right receive fees purolator agreed pay pc unsuccessful acquiring control purolator due acquisition control another party company said also agreed let purolator pay pc acquisition expenses connection merger agreement three mln dlrs emery agreed pay amounts purolator fail reuter
nichols institute st qtr feb net shr two cts vs one ct net vs revs mln vs reuter
chemlawn chem rejects waste wmx offer chemlawn corp said board rejected waste management inc dlr per share tender offer urged shareholders tender shares chemlawn said board asked management financial advisor smith barney harris upham co inc seek purchasers company maximize shareholder value chemlawn also said adopted shareholder rights plan poison pill safeguard period board adopted deter attempts acquire company means cash tender offer seeks purchasers chemlawn also said began litigation waste management federal court seeking relief suit alleges among things certain waste management officers directors purchased chemlawn stock making tender offer chemlawn claimed purchases possibly violated officers fiduciary duties securities exchange commission insider trading rules last week waste management made tender offer acquire chemlawn dlrs per share mln dlrs chemlawn said board determined waste offer inadequate best interest shareholders could adversely affect interests employees suppliers creditors customers board carefully reviewed waste management offer concluded fully reflect value company strongly urge shareholders tender shares waste management said chairman l jack van chemlawn said rights plan designed protect shareholders tactics market waste management others plan one stock purchase right distributed dividend outstanding share chemlawn common chemlawn said rights holders buy share common one dlr entity acquires pct cash tender offer shares approved acquisition agreement board said rights expire july three days become exercisable later date said board may redeem rights five cts per right time prior exercise date chemlawn said plan triggered purchases waste management present tender offer said dividend paid shareholders record march reuter
spanish refiner plans gasoline additive plant spain state refiner de plans build second unit production methyl tertiary gasoline additive replacing lead company sources said based plant annual capacity tonnes tonnes per year facility start next year make state refiner spain biggest producer petroleos del runs tonne year plant de petroleos plans put similar unit next year reuter
subroto sees oil market continuing bullish indonesian energy minister subroto said sees oil market continuing bullish underlying demand expected rise later year told press conference jakarta end two day meeting south east asian energy ministers saw prices stabilizing around dlrs barrel sentiment market bullish think continue way demand go third fourth quarters subroto said asked prospect oil prices said think stabilise around dlrs although little turbulence course spot price fluctuate official price remain dlrs added reuter
kaneb services inc th qtr loss oper shr loss dlrs vs profit nine cts oper net loss mln vs profit revs mln vs mln mths oper shr loss dlrs vs profit cts oper net loss mln vs profit mln revs mln vs mln note oper excludes loss discontinued operations dlrs vs mln dlrs qtr mln dlrs vs dlrs mths note oper includes writedown offshore drilling equipment dlrs qtr mln dlrs mths also includes writedowns oil gas assets goods inventory mln dlrs dlrs respectively mths reuter
gaf corp offers dlrs share cash borg warner
bank b c revises share payout estimate bank british columbia said revised estimate shareholder distributions last november sale bank assets hongkong bank canada cts dlrs share cts dlrs share bank said estimate could rise dlrs dlrs share full pension surplus obtained said know distributions would made earlier reported operating profit first quarter ended january fell dlrs mln dlrs previous year full year ended october bank posted operating loss mln dlrs year earlier profit mln dlrs bank also posted mln dlr extraordinary loss fiscal bank british columbia sold assets last november hongkong bank canada unit hongkong shanghai banking corp hong kong mln dlrs said efforts wind bank affairs proceeding quickly possible bank said expected report positive earnings future periods barring circumstances loan losses bank previously said move sell assets rose mln dlrs fiscal year earlier mln dlrs bank said mln dlrs total represented downward adjustments portfolio syndicated sovereign risk loans required sale hongkong bank since november bank confined activities winding affairs bank british columbia said reuter
u bank income shows first drop years problems regions contributed first decline overall income u banks quarter century federal deposit insurance corp fdic said nation commercial banks net income billion dlrs slightly record billion dlrs total still second highest ever reported first time income grown since figures reflected radical split health banks two country fdic said east one banks losses last year one four banks west mississippi river losses nationwide one five banks reported losses fdic said first new series quarterly banking planned issue time clear area fdic chairman william seidman told reporters said figures good showed problem banking system whole regional differences economic performance banks failed far year twice many failed time year ago seidman said doubted pace would continue positive note banks increased capital record billion dlrs last year slowing number new problem banks regions except southwest seidman said banks provision losses bad loans fourth quarter increased billion dlrs pct rise year ago large banks assets one billion dlrs reporting fourth quarter losses totaled fdic said seidman said early say effect brazil moratorium debt interest payments would u banks said bank deregulation given managers freedom run banks increase failures expected freedom regulatory restraints also meant banks better managed gotten stronger seidman said reuter
hanson trust han u arm sells chemical unit hanson trust plc han said u subsidiary hanson industries sold pcr inc specialty chemicals unit mln dlrs cash chemical partners inc hanson industries said acquired pcr inc part purchase corp pcr inc posted operating loss dlrs sales mln dlrs company said reuter
opec wants dlr oil price oapec official opec believes world oil prices set around fixed average price dlrs barrel oapec assistant general secretary al wattari said today speech european community ec oapec opec seminar luxembourg released al wattari said opec believes world energy trade kept without restrictions built around fixed average price dlrs warned defense dlr barrel level caused hardship opec countries forced curtail production warned cutbacks opec states could sustained cases opec stabilize world oil price considered level dlrs barrel member countries severe hardship production al wattari said cutbacks cannot certain cases sustained al wattari said well financial marketing pressures states depended associated gas output domestic use oil cutbacks left insufficient gas supplies added al wattari noted total opec output organization agreed ceiling member countries february although meant sacrifices effect sacrifices meant market stability though restored good level still pressure al wattari said lasting stability world market requires wider scope international cooperation added said non opec oil producing countries shown political willingness cooperate opec although cutbacks announced states politically significant welcomed opec insufficient terms volume added overall majority non opec producers responded sufficiently opec calls supply regulation said al wattari said dlr barrel price allowed investment oil industry outside opec continue generating excessive cash flow otherwise high cost areas outside opec price would longer encourage protectionist measures added al opec deputy secretary general also addressing seminar added discipline still needed prevent violent fluctuations oil market cooperation arab states europe sides al said adding hoped cooperation would ultimately lead full arab dialogue reuter
international inc sets quarterly qtly div four cts vs four cts prior pay march record march reuter
finland february trade surplus mln markka finland mln markka trade surplus february following mln markka surplus january mln surplus february customs board preliminary figures showed exports february billion markka imports billion compared exports billion imports billion january exports billion imports billion february last year reuter
tokyo bids stop chip row turning trade war japan seeking prevent computer chips dispute u full scale trade war government officials said hope dispute specific issue adverse effect overall relationship united states ministry international trade industry miti official said friday washington announced plans much mln dlrs tariffs japanese electronic goods tokyo alleged failure live bilateral computer chip pact agreement reached last year heated negotiations called japan stop selling cut price chips world markets buy american made semiconductors foreign ministry officials immediately tried fall dispute seeking separate prime minister yasuhiro nakasone planned trip washington end april japan already done make sure chip pact working government studying measures take fields defuse american anger ensure trip success said perception japan u congress bad one official told reuters would much like something respond apparent effort prevent chip dispute areas miti officials sought u action severe warning japanese semiconductor makers government faced belligerent domestic chip industry angry american congress japanese government forced walk increasingly fine line semiconductor dispute trade analysts said said open secret japan largest chip maker nec corp happy viewed measures miti taking implement pact included enforced production cuts angry response japanese chip makers yesterday announcement u tariffs difficulties government faces taking action japanese semiconductor manufacturers u japan agreement said saba chairman electronic industries association japan accused u said u action made bilateral chip pact saba comments prime minister yasuhiro nakasone said tokyo wanted solve dispute consultations japan expected send high level official washington early next month try convince u go ahead tariffs april trade analysts say tokyo likely outline industry plans step purchases u chips propose joint investigation washington allegations chip dumping reuter
altron inc th qtr jan shr loss cts vs loss five cts net loss mln vs loss revs mln vs mln year shr loss dlrs vs profit cts net loss mln vs profit mln revs mln vs mln note net loss includes loss mln dlrs nonrecurring reserve closing costs facility writeoffs sales real estate reuter
u k revises retail price index february u k government tomorrow release first retail price index rpi figures calculated revised group components january previously announced employment department said index britain measure inflation february earlier data revised equivalent figures including new components spokesman said previously rpi base january market forecasts centre pct monthly rise february year year rate pct government forecasts annual inflation pct end reuter
guinness seeks u k injunction saunders guinness plc guin l seek injunction u k high court today freeze assets former chairman saunders attempts recover mln stg paid jersey company part company takeover battle distillers co plc spokesman said said court move aimed freeze saunders assets value sum wanted recover uncertain whether court would reach decision request today guinness said last week planned take legal action recover funds paid non executive director thomas ward via jersey company lawyers representing ward said saw funds services performed takeover distillers guinness also planning resolution annual meeting may remove saunders ward company board reuter
super markets inc th qtr jan shr loss cts vs loss dlrs net loss vs loss mln revs mln vs mln year shr loss cts vs loss dlr net loss mln vs loss mln revs mln vs reuter
indonesian sugar output forecast rise indonesian sugar output forecast government reach mln tonnes calendar projected consumption mln tonnes agriculture minister said production indonesia forced import sugar officially estimated mln tonnes mln u embassy said annual agriculture report indonesia growing signs actual output lower official figures estimated production mln tonnes forecast little change indonesia imported tonnes sugar towards end last year early boost low stocks told reporters stocks fe l low tonnes beginning industry sources said represented one month consumption minister said indonesia hold three months supply tonnes spokesman national bureau distributes stores sugar said stocks month tonnes harvesting season begins april reuter
fluorocarbon corp qtly dividend shr seven cts vs seven cts prior qtr pay april record april reuter
royal bank canada st qtr jan net shr basic cts vs dlrs shr diluted cts vs dlrs net vs avg shrs mln vs mln loans billion vs billion deposits billion vs billion assets billion vs billion reuter
manufactured homes inc year net shr cts vs cts net vs revs mln vs mln note net includes dlr provision credit loss net includes charge dlrs cumulative effect accounting change reuter
stanley works makes acquisitions stanley works said acquired acme holding corp maker sliding door hardware designs patents plan designer co provides home design projects said acme sales mln dlrs terms disclosed reuter
portuguese grain agency ban remain ec sources ban portuguese court state buying agency taking part cereals import tenders open private traders remain unless reversed portugal challenged european court justice european commission sources said denied statement yesterday portuguese agriculture minister commission accepted eligible saying taken view matter terms portugal accession european community grain import monopoly held reduced pct annually imports civil court decided preliminary ruling earlier month allowed take part done past tenders share annual grain imports reuter
national pork board mln dlrs national pork board monday allocated mln dlrs funds pct national program three industry organizations national pork producers council receive almost mln dlrs use areas food service consumer education marketing addition board allocated dlrs use pork white meat campaign according pork board spokesperson national livestock meat board receive dlrs continue work health care officials dlrs funds provided meat board use development better market processed meat export federation awarded dlrs increase market processed u pork japan singapore retail stores two countries providing additional funding program total dlrs work encouraging expand japan singapore also awarded meat export federation reuter
twa twa sells position usair u trans world airlines inc sold four mln shares held usair group inc wall street sources said sources said buyers believed group institutions bear stearns handled trade four mln shares bear stearns would comment buyers sellers usair twa immediate comment usair later said buy stock company spokesman would comment twa earlier month reported holding slightly four mln shares pct usair also proposed takeover usair time negotiating proposed merger piedmont aviation inc march twa withdrew bid saying intend seek control usair group acquire stock time twa also said filing securities exchange commission chairman carl icahn target sec probe alleged violations securities laws filings sec twa said paid mln dlrs usair stock way indeed bought institutions way better value usair stock later said montgomery analyst louis twa sale stock technically long block overhanging market know going happen said usair stock trading volume mln shares twa stock rose one reuter
unilever sectors unilever plc nv un group saw improved performance almost sectors anglo dutch group said results statement good progress made last year recent acquisition chesebrough inc n significant addition greatly benefit group years come earlier unilever reported combined fourth quarter pre tax profit mln stg level year earlier period making billion stg compared mln full year unilever said plans change depreciation policy conventional practice assets rather fixed assets average rates new method expected lead reduction accumulated provision depreciation thereby increase net book value tangible mln stg january unilever plc shares p since yesterday p buoyant response results share split proposal though profits ahead market forecasts dealers added reuter
amoskeag takeover blocked court amoskeag bank shares inc said new hampshire supreme court proposed acquisition portsmouth savings bank three two vote acquisition opposed depositors filed action block takeover respond news soon opportunity analyze decision options available us chairman william said statement reuter
california micro set pact california micro devices corp said signed agreement corp corp unit develop product chips pact california micro devices design chips manufacture initial products developed radiation capabilities company said reuter
canada february consumer prices pct canadian consumer price index rose pct february base compared pct rise january pct rise february last year statistics canada said february year one year rise pct compared pct rise january r reuter
pope evans per repurchases shares pope evans inc said repurchased common shares mills corp peter kaplan dlrs per share said purchase price applied dlrs mills currently owes pope evans merchandise pope evans mln shares outstanding company also said agreed principle acquire privately held pat fashions industries inc mln dlrs cash notes financing come partly bank borrowings subject approval pope evans board pat shareholders pat fashions imports apparel far east makes apparel domestically well year ended november pat earned dlrs pretax sales mln dlrs reuter
japan jobless seen rising pct yen rise dollar expected boost japan unemployment rate average pct fiscal year beginning april january record three pct private nomura research institute said official estimate pct research arm nomura securities co forecast unemployment would exceed two mln mid fiscal estimated mln current year nomura urged government take pump measures help redress trade imbalances boost employment employment manufacturing fiscal predicted fall current year due higher job losses steel shipbuilding heavy electrical machinery sectors nomura said employment non manufacturing sector continue increase institute said without giving figures reuter
fiduciary trust co five one stock split fiduciary trust co international said shareholders annual meeting approved five one stock split effective may holders record april company said split would increase number authorized common shares shares issued addition company said authorized another shares would issue time company also changed stock par value dlrs share dlrs share explained transferred dlrs profits account capital account order raise new par value two dlrs five one split dlrs reuter
corp year loss shr loss one ct vs loss one ct net loss vs loss sales vs note net includes dlr gain accrued interest due affiliates reuter
wallenbergs fight bid swedish match stake sweden wallenberg group fought back bid london based swedish financier erik secure large stake swedish match st one companies core business empire statement issued wallenberg holding companies ab investor ab said taken option held nobel industrier sweden ab acquire pct voting rights swedish match wallenbergs paid nobel industrier st group pct stake pct market price swedish match option statement said swedish match b shares open foreign buyers closed crowns friday shares increased voting rights closed crowns restricted free shares statement said deal increased investor stake pct voting rights pct share capital left holding pct voting rights pct share capital swedish match wallenbergs stake swedish match previously amounted pct voting rights company swedish match deal cost wallenbergs mln crowns share analysts said making one moves group undertaken last four years defend far interests outside wallenbergs originally sold nobel industrier arms chemicals group pay buying volvo st two key group companies atlas st stora st since wallenbergs largest shareholders st skanska ab st control incentive ab zurich based swedish property also managed acquire pct stake another wallenberg company equipment firm alfa ab st wallenbergs concentrating building stake investor prevent raid heart business empire analysts say wallenbergs position electrical engineering firm asea ab asea st also small pct voting rights growing speculation group forced sell interests protect core activities reuter
scott hospitality acquires capital food scott hospitality inc said acquired capital food services ltd ottawa largest food service company undisclosed terms scott said would operate capital food separate unit capital current name management reuter
twa confirms ownership pct usair group
amoco reports south china sea oil find u amoco petroleum corp reported offshore oil find pearl river basin concession south china sea new china news agency said said liu well produced around barrels per day depth metres news agency said amoco plans drill second well area year gave details reuter
telecommunications inc st qtr net periods ended jan shr cts vs cts net vs sales mln vs mln backlog mln vs mln reuter
gelco gel sell canadian courier unit gelco corp said signed letter intent sell canadian courier unit gelco express ltd air canada mln dlrs u said consummation transaction depends execution definitive agreement expected may part restructuring plan gelco announced would sell four business units gelco express ltd one companies scheduled divestiture reuter
currencies better reflect fundamentals baker treasury james baker said currencies within ranges better reflected economic fundamentals speech annual meeting inter american development bank said moved ranges better reflect economic fundamentals noted particular dollar fallen high point early helping moderate protectionist pressures u reuter
hre properties hre st qtr jan net shr cts vs cts net vs gross income vs note net includes gains sale real estate dlrs vs dlrs reuter
american stores co th qtr net shr dlrs vs dlrs net mln vs mln revs billion vs billion year shr dlrs vs dlrs net vs mln revs billion vs billion note th qtr yr per shr amts includes reduction cts per shr establishment reorganization reserves tax increase reduced yr per shr cts reuter
u senator offering bill senator richard lugar indiana ranking republican u senate agriculture committee decided whether introduce administration backed bill apply called provision grain crops aide senator said reagan administration asked lugar offer measure aide said however number farm groups told lugar oppose proposal grounds would reopen farm bill senator decided take second look proposal aide said last week aide indicated lugar planning offer measure bill tighten payment limitation reuter
realty bay bay end talks commonwealth realty trust said preliminary merger talks bay financial corp terminated due failure agree terms reuter
coopervision pct cooper laser coopervision inc eye told securities exchange commission acquired shares cooper inc pct total outstanding common stock coopervision said bought stake mln dlrs investment purposes said might buy additional cooper common shares said plan boost stake pct total outstanding reuter
miyazawa says time come major nations act exchange rates
dauphin deposit make acquisition dauphin deposit corp said signed letter intent acquire colonial bancorp inc new holland pa exchange dauphin shares colonial share depending market value dauphin shares merger takes place company said acquisition subject approval colonial shareholders regulatory authorities colonial assets year end mln dlrs reuter
bank england offers early help money market bank england said invited early round bill offers help ease tight conditions money market bank estimated today liquidity shortage billion stg bills maturing official hands treasury bill take would drain billion stg system rise note circulation target bankers balances would take mln mln respectively bank said exchequer transactions would add net mln stg reuter
countrywide credit ccr sets higher dividend countrywide credit industries inc said board declared eight ct per share quarterly dividend seven cts last quarter two pct stock dividend cash dividend payable april holders record march stock dividend payable april holders record march reuter
diversified corp th qtr net shr three cts vs three cts net vs revs vs year shr cts vs cts net vs revs mln vs reuter
iraqi oil minister replaced official iraq oil minister ahmed moved heavy industries ministry official iraqi news said tonight quoted presidential decree oil ministry undersecretary abdul al new oil minister ministers industry communication transport posts news agency said immediate explanation given changes al head iraqi national oil company said decree signed president hussein minister heavy industries post appointed presidential adviser ministry formerly known industry mineral resources ministry minister communications transport al also post replaced member ruling party regional command mohammed al al also presidential adviser three ministers involved spent four years posts reuter
liberty financial group regular dividend qtly div cts vs cts prior qtr payable march record february reuter
corrected gold inc th qtr net shr profit cts vs loss two cts net profit vs loss revs vs year shr profit cts vs loss cts net profit vs loss revs mln vs mln note company corrects reporting period th qtr year rd qtr nine mths reuter
gold inc th qtr net shr profit cts vs loss two cts net profit vs loss revs mln vs year shr profit cts vs loss cts net profit vs loss revs mln vs mln note current qtr includes gain mln dlrs tax benefit reuter
international technology makes acquisition international technology corp said purchased western emergency services inc pooling interests transaction international technology hazardous materials management company said purchased western emergency environmental services firm offer broader range environmental services gulf coast area reuter
usda winter spring potato estimates u agriculture department estimated winter potato production based march conditions cwts lbs vs cwts indicated last month cwts last year department estimated winter potato area harvest acres vs acres last month acres yield per harvested acre winter potatoes estimated cwts per acre vs cwts last year department also projected spring potato crop area planted cwts vs cwts last year area harvest acres vs acres harvested last year reuter
corp year shr loss dlrs vs loss dlrs net loss mln vs loss mln revs mln vs mln note loss includes loss mln dlrs discontinued operations loss includes gain mln dlrs discontinued operations reuter
u k money market given mln stg late help bank england said provided money market late assistance around mln stg takes bank total help today billion stg compares forecast two billion stg shortage system today reuter
canada economy expected grow moderately canadian economic growth expected slow improved trade picture keep country recession economists said economy ready pct rate growth course said carl chief economist dominion securities ltd statistics canada reported gross domestic product grew pct fourth year continuous expansion four pct final quarter gdp prices annualized rates rose slight pct expanding pct third quarter essentially flat performance said warren deputy chief economist bank nova scotia economist wendy smith brokerage thomson inc said shows economy moving along steadily promising number surprised expected see one bad quarter canada think recession added rise gdp pct increase forecast federal finance minister michael wilson budget last month also projected economy would expand pct year many economists less optimistic predicting growth likely pct range statistics canada also reported country trade performance deteriorated sharply last year deficit current account rose record billion canadian dlrs previous year shortfall mln dlrs sharp increase deficit merchandise trade transactions imports continued advance strongly whereas exports virtually unchanged federal agency said statement merchandise trade surplus billion dlrs billion dlrs economist said expected upturn u economy lead increased demand canadian goods help fuel country modest expansion nearly pct canada exports shipped u year reuter
atlantic research completes acquisition atlantic research corp said completed acquisition professional services firm group common shares pooling interests basis reuter
inc sets quarterly qtly div two cts vs two cts prior pay may record april reuter
algeria regulates use coffee algerian authorities regulated addition used make imported coffee go official aps news agency reported taking advantage private roasters selling ground coffee pct non coffee said since beginning march coffee market strictly regulated state food marketing monopoly third imported coffee sold pure beans two thirds ground choice pct pct march private dealers handle tonnes pure coffee tonnes reuter
bangemann calls currency calm west german economics minister martin bangemann urged halt talking dollar official private institutions u saying calm needed foreign exchanges speaking opening th hanover industry fair bangemann said radical changes foreign exchange parities left mark exports investments added without external difficulties west germany economy would grown pct last year instead pct reported bangemann said could deny economic climate west germany stressed country minister also criticised state subsidies said mainly favoured large companies created tax burden smaller medium sized firms bangemann referred specifically subsidies steel industry said fought legal means european community guidelines added light declining demand steel adjusted saying bonn government would successfully able stand way change industry bangemann also spoke protectionism called competition citing example federal post office post office enjoys monopoly west germany especially far deciding able provide telecommunications equipment reuter
steel corp extends exchange offer steel corp said extended march six march expiration date debt exchange offer allow time complete sale mueller brass co unit meet conditions offer exchange offer covers outstanding pct subordinated sinking fund debentures due pct subordinated sinking fund debentures due said march six pct pct notes pct pct notes tendered mueller sale conditioned receipt pct notes reuter
carolina power light co cpl qtly div qtly div cts vs cts prior payable may one record april reuter
norstar shareholders get fleet financial shrs per norstar share merger
ico exporters modify new proposal international coffee organization ico exporters modify new proposal quota resumption presenting importers tomorrow ico delegates said change discussed tonight informally among producers follows talks formal producer session eight member producer splinter group affect proposed quota distribution months april one said proposed share would still include shortfall said reuter
u shoe corp th qtr jan net shr cts vs cts net mln vs mln sales mln vs mln avg shrs mln vs mln year shr cts vs dlrs net mln vs mln sales billion vs billion avg shrs mln vs mln note current year net periods includes gain five cts shr sale mail order charges cts shr writedowns assets related closing stores leased departments leased shoe departments year net includes lifo inventory charges six cts shr vs two cts shr reuter
recommendation reiterated wang labs analyst thomas merrill lynch said reiterated buy recommendation wang laboratories inc noting successful cost cutting campaign could reduce earnings loss expected third quarter ending march wang actively traded stock american stock exchange rising said wang little bit ahead expected cost reductions result odds increased loss quarter less expected said expects wang report break even earnings per share small loss per share third quarter said year however company report loss cts share compared earnings cts share year ago reuter
first southern make acquisition first southern federal savings loan association said agreed principle acquire horizon financial corp horizon funding corp victor federal savings loan association okla undisclosed terms company said purchase subject approval boards first southern victor regulatory agencies horizon financial services mortgage loans horizon funding wholesale loan purchasing operation horizon services billion dlrs mortgage loans reuter
commerce clearing house inc hikes div qtly div cts vs cts prior pay april record april reuter
french february unemployment hits record mln french unemployment rose record seasonally adjusted mln february mln january mln end last year labour ministry said rise took percentage workforce job pct last month pct january pct end unadjusted terms unemployment fell around last month mln reuter
van co sets quarterly qtly div cts vs cts prior pay may one record april reuter
national westminster bank cuts base rate national westminster bank plc said cut base lending rate percentage points pct today national westminster said responding general easing money market rates move followed signal bank england earlier afternoon would endorse half point cut base rate surprise move following strong signals last week move would premature however since pound continued gain strongly reuter
american software inc rd qtr jan net shr cts vs cts net vs revs mln vs avg shrs vs nine mths shr cts vs cts net vs revs mln vs mln avg shrs vs reuter
plc l six months december shr p vs p div p vs p pretax profit mln stg vs mln net tax mln vs extraordinary credit mln stg vs nil turnover mln vs note extraordinary item comprises profit less losses sale certain subsidiaries less related tax minority interests pretax profit comprises securities money broking mln stg vs mln personal financial services mln vs stg media mln vs mln market stg vs net interest vs mln reuter
ipco corp sets regular payout qtrly div nine cts vs nine cts prior pay may record april reuter
energy co limited partnership sam year net loss vs loss revs mln vs mln notes loss includes write mln dlrs carrying value oil gas properties taken first quarter cash flow dlrs dlrs per unit vs dlrs dlrs per unit reuter
japan conducts currency survey big investors finance ministry official said ministry recently conducted survey foreign exchange transactions institutional investors declined say aimed dollar sales however financial market sources said heard ministry asked life insurance securities firms refrain selling dollars unable confirm directly dealers said life insurance firms major sellers dollars recent trading sessions already sold hedge risks dealers said securities houses trust banks hand aggressively sold dollar reuter
mobil france take pct stake mobil corp mob mobil oil francaise unit said take stake pct french butane propane gas distribution company exchange transfer mobil small medium bulk propane activity small medium bulk propane sales totalled tonnes transfer increase total business pct equal extra customers spokesman said mobil take stake means capital increase terms yet established
new gasoline grade raise u refining costs new grade unleaded gasoline test marketed increase refining costs refiners least afford according officials attending national petroleum refiners association conference new grade unleaded gasoline octane level compared super unleaded regular unleaded gasoline amoco corp test marketed new mid grade gasoline hopes sell regular basis south east midwest beginning june according paul executive vice president marketing phillips petroleum p expects begin marketing new octane unleaded gasoline may sources said converting current refinery operations produce octane unleaded could cost hundreds millions dollars per refinery depends present capacity refinery said amoco oil company welcome introduction another grade unleaded gasoline three grades warranted said henry rosenberg chairman crown central petroleum refiners upgrade added investment made said dunham executive vice president petroleum products conoco operating subsidiary dupont corp dd order upgrade refinery operations reuter
german feb current account surplus billion marks jan surplus billion official
logic revises results downward logic corp said revised downward previously reported fourth quarter year ended october results reflect compensation expense employee stock options company said resolution disagreement auditors came result securities exchange commission involvement company amend option granting procedure conform sec decision eliminate future charges added said fourth quarter profit revised dlrs two cts share previously reported dlrs left company fiscal loss dlrs two cts share instead reported dlrs profit reuter
medical inc year loss shr loss cts vs loss dlrs net loss vs loss revs vs reuter
licht sees stagnant european beet area overall area sugar beet europe forecast remain stagnant year mln hectares compared mln ha west german f licht said feared recent steep rise sugar prices would marked effect planting intentions year licht said first estimate effect probably minimal total beet area european community forecast fall two pct mln ha mln total western europe area put mln ha mln eastern europe area forecast mln ha mln individual west europe country estimates hectares figures brackets belgium luxembourg denmark france greece ireland italy netherlands portugal spain u k west germany austria finland sweden switzerland turkey yugoslavia eastern europe plantings forecast follows ussr bulgaria czechoslovakia east germany hungary poland romania basis average yields year licht said area forecasts pointed total european beet sugar crop mln tonnes raw value mln tonnes licht said sugar yields fairly high last season thanks favourable weather increases chances significant reduction production based average yields ec beet sugar production could fall nearly pct year mln tonnes mln total western europe production could mln tonnes mln eastern europe production could mln tonnes mln reuter
avery st qtr feb net shr cts vs cts net mln vs mln sales mln vs mln reuter
l industries ltd st qtr feb net oper shr loss two cts vs profit three cts oper net profit dlrs vs profit revs mln vs eight mln note dividends preferred shares dlrs vs dlrs oper net excludes gains tax loss carryforward dlrs vs dlrs reuter
malaysia says rubber pact depends consumers malaysia said success talks opening today new international natural rubber agreement inra depends flexible consumer countries rubber producer consumer countries meet days geneva tomorrow try hammer rubber pact failed reach agreement last november replace current accord expires next october primary industries minister said statement malaysia wants continue second inra prepared accept modifications would strengthen present agreement said second inra would allow orderly disposal accumulated buffer stock tonnes since market capable releases reuter
inc rd qtr jan net shr cts vs cts net vs sales mln vs mln nine mths shr cts vs dlrs net vs sales mln vs mln reuter
co ftc year net shr cts vs cts net vs revs vs reuter
far west industries inc year net shr cts vs cts net vs revs mln vs mln reuter
oxford financial buys systems oxford financial inc said acquired systems international inc undisclosed sum company said developed fully automated system currently use oklahoma city university california pilot program san francisco reuter
chi chi takes mln dlr charge chi chi inc said taken mln dlr pretax charge earnings third quarter ended january cover cost underperforming company owned restaurants company also said agreed repurchase three mln common shares open market company mln shares outstanding chi chi today reported loss third quarter ended january pretax charge dlr tax credit mln dlrs compared year earlier profit dlrs chi chi said believes disposition restaurants potential increasing pretax earnings two mln dlrs next fiscal year company said use existing cash resources share repurchases reuter
u real gnp rose revised pct th qtr instead pct rise
bankamerica bac completes mortgage unit sale bankamerica corp bank america unit said completed previously announced sale bankamerica finance ltd bank ireland expected pre tax gain mln dlrs bankamerica finance provides residential mortgages south east england total assets end mln dlrs reuter
soros group b f goodrich stake investor group led new york investor george soros said acquired pct stake b f goodrich co common stock investment group said paid mln dlrs goodrich shares held quantum fund n v netherlands antilles investment firm advised soros said shares bought dec march group said reserved future right buy additional shares purposes plans regarding goodrich investment reuter
dome petroleum ltd year oper shr loss dlrs vs loss two cts
sumita says little room bank ease policy bank japan governor satoshi sumita said little room left central bank ease credit policy interest rates levels approaching lower limit government instead seek ways making best use fiscal policy told press conference remarks concerned comprehensive economic package government plans adopt coming days recent talks among six major industrialised nations paris japan promised work comprehensive economic package boost domestic demand turn would help increase imports reduce trade surplus sumita also said economy show gradual upturn second half year yen remains stable said caution foreign exchange market rise yen mark recent stability currency markets conflicting economic indicators u also market activity added reuter
conagra inc cag regular dividend set qtly div cts vs cts prior pay june one record april reuter
drought hits thai rubber fruit growers drought began seven weeks ago hurting rubber plantations thailand officials said could last may government trucking water farms parts northeastern eastern southern provinces enough satisfy farmers according press reports official estimate damage officials thailand rain making institute said could help little forming seed rain making chemicals thailand season normally starts may october reuter
buys warrant shares orion co said purchased time inc tl home box office inc warrant purchase shares common stock orion pictures corp price warrant mln dlrs said added owns pct outstanding common stock orion reuter
bankamerica says expects report profit first quarter
carpet firm unit cuts allied products stake group led nevada inc subsidiary general felt industries n j carpet maker said cut stake allied products corp shares pct shares pct filing securities exchange commission said sold allied products common shares march dlrs donated another shares two universities said dealings company common stock investment purposes reuter
baldrige warns world trade war danger u commerce secretary malcolm baldrige predicted congress pass reasonable trade bill year said tough protectionist legislation could prompt trade war mood congress right tough trade ever seen six years washington baldrige said television interview think still able get reasonable trade bill spite whole congress trying work together administration trade attitude said president reagan opposes protectionist legislation agreed support trade bill became apparent opposition democrats would pass legislation however baldrige warned measures would trading partners japan south korea taiwan failing cut trade surpluses u could lead retaliation said would urge reagan veto bill asked rising danger worldwide trade war baldrige said yes think question reuter
new plan realty trust nd qtr net qtr ends jan shr cts vs cts net vs revs vs avg shrs mln vs mln six mths shr cts vs cts net vs revs mln vs mln avg shrs mln vs mln note earnings restated reflect three two stock split april one reuter
oppenheimer industries sees year loss oppenheimer industries inc said expects report loss year ended january dlrs compared profit dlrs year company blamed loss continuing depression agriculture several programs due passage tax bill failure close sale four california plains year expected company said prospective purchaser dlr deposit said talks new contract reuter
stoltenberg says paris accord policy continue west german finance minister gerhard stoltenberg said currency agreement reached paris february successful would continued stoltenberg told journalists next week international monetary fund meeting washington strategy stabilise currencies around current levels proven worth also determine future developments stoltenberg declined comment specifically would consider undervalued dollar said dollar around marks created problems west germany exports said studies international organisations made clear especially u japan major efforts remained necessary support adjustments foreign trade balances via necessary corrections economic policy one would benefit years valuation u dollar fell extreme strong valuation said stoltenberg said west germany keen interest swift agreement u japan concerning current trade dispute semi asked whether believed markets would test paris currency accord stoltenberg comment specifically noted much discussed paris published paris declaration state levels central banks major industrialised countries would intervene stoltenberg said everything carefully considered said nothing add reuter
wilson brothers completes sale wilson brothers said completed sale assets enro shirt co inc enro ease inc shirt ltd subsidiaries enro acquisition corp mln dlrs half cash half subordinated promissory notes enro acquisition newly formed corporation owns corp wilson chief operating officer v jerome kaplan managers enro acquisition also assumed units liabilities including mln dlrs term loan completion sale recent sales substantially assets company pct owned affiliate industries inc expected result net gain nine mln dlrs first quarter year ago first quarter wilson reported net income dlrs including dlrs credit sales mln dlrs reuter
fairchild industries sets regular payout qtrly div five cts vs five cts pay record march reuter
canada northwest sell preferred shares canada northwest energy ltd said reached agreement principle sell one mln preferred shares way private placement raise mln dlrs oil gas exploration pct cumulative redeemable convertible series preferred shares flow shares entitling holders tax claimed company shares convertible issue common shares equivalent conversion price dlrs share one year redeemable time company dlrs share plus accrued dividends reuter
pickens sees continued slump working rigs boone pickens texas financier said believes days oil service industry early oil rigs reported operating return lifetime pickens told reuters expects rig count drop recovering added oil prices eventually rise dlrs dlrs currently oil rigs operating u sharply oil prices slipped dlrs late around dlrs prices around dlrs highest number working rigs december rigs go back work price oil gets dlrs said adding expects see dlr barrel oil expect see rigs operating lifetime pickens pickens currently country promoting boone said believe u impose oil import fee order stimulate domestic oil industry reuter
sumitomo chemical co ltd year dec group shr yen vs net billion vs billion current billion vs billion operating billion vs billion sales billion vs billion note company forecast current year group net billion current billion sales billion based rationalisation efforts expected market price increases agricultural chemicals petrochemical products following recovery world oil prices reuter
holdings inc nd qtr dec net shr cts vs four cts net vs sales vs six mths shr cts vs cts net vs sales vs note net includes gain cts share sale funeral home tax credits cts net includes tax credits one cent quarter cts six months period reuter
colombia opens april may coffee registrations colombia opened coffee export registrations april may national coffee growers federation setting limit gilberto arango president private exporters association said told reuters decision put limit responded new factors emerged recent international coffee organisation talks london producers consumers failed agree introduction export quotas reuter
dutch grain levy test case start april large dutch animal feed begin formal legal proceedings early next month test case way ec grain co responsibility levy applied spokesman dutch grain feed trade association het comite told reuters het comite co national actions alleged distortions caused currency factors levy since december lodged individual cases business appeal court hague basic complaint levy take account currency cross rates exchange therefore countries strong currencies may pay currency paid producers another country het comite obtained temporary agreement companies pay amount receive toward levy rather paying full guilder amount dutch grain commodity board spokesman said het comite provide financial legal backing test case business administration court hague proceedings begin april spokesman said het comite finally selected company test case among lodged bill firm received commodity board payment levy contained significant currency distortions involved grain wide variety origins name company made public administration court expected make final ruling case near future het comite spokesman said likely would refer questions appeal court luxembourg result could easily another nine months matter finally resolved meanwhile actions dutch animal feed putting pressure commodity board urge dutch government follow earlier statements seek complete review brussels way levy spokesman said het comite member association european animal feed manufacturers also party actions protesting whole levy luxembourg appeal court reuter
quantech electronics corp rd qtr dec shr loss cts vs loss six cts net loss vs loss revs vs nine mths shr loss cts vs loss cts net loss vs loss revs mln vs mln note prior year net includes losses discontinued operations dlrs quarter dlrs nine mths reuter
energy inc th qtr net shr profit four cts vs loss six cts net profit vs loss revs mln vs mln year shr profit three cts vs loss five cts net profit vs revs mln vs mln note includes results louisiana energy development corp acquired november reuter
franklin resources ben says net may double franklin resources inc said believes earnings could double year compared year ago company reported income mln dlrs mln dlrs revenues franklin resources financial services company fiscal year ends september reuter
p selected utilities hikes payouts phelps selected utilities inc said approved payment higher monthly dividends closed end investment company approved payment cts april record march five cts payable may record april cts payable june record may phelps first monthly dividend four cts paid march noted reuter
french payments surplus january france current account payments surplus slipped provisional mln francs seasonally adjusted january downward revised surplus billion december finance ministry said december figure revised provisional billion franc surplus reported month ago unadjusted basis january payments showed billion franc deficit revised billion december surplus december unadjusted surplus revised provisional billion ministry said trade measured balance payments criteria showed unadjusted billion franc january deficit services showed billion surplus items mainly including unilateral transfers showed billion deficit current account showed adjusted surplus billion francs january last year unadjusted deficit one billion full year current account surplus reported last month billion francs reuter
co th qtr net shr primary cts vs cts shr diluted cts vs cts net vs sales mln vs mln year shr primary cts vs cts shr diluted cts vs cts net mln vs mln sales mln vs mln reuter
miyazawa says u likely intervene finance minister kiichi miyazawa told parliament lower house finance committee u expected intervene foreign exchange market stabilise exchange rates political sources said asked u federal reserve board agreed paris last month intervene stabilise exchange rates miyazawa said yes sources said miyazawa also quoted saying sceptical effectiveness currency reference ranges even major nations agree idea extremely difficult set ranges reuter
american motors amo statement qualified american motors corp said auditors qualified company financial report report qualified due uncertainties surrounding previously announced arbitration award american motors former subsidiary general corp award contested report filed today securities exchange commission along copy chrysler corp c proposal take american motors american motors said earlier arbitration award made emerson electric co february amounted mln dlrs plus legal expenses american motors challenged award automaker sold general unit ltv corp year awarded five year billion dlr procurement contract military ltv general last year sought protection chapter arbitration proceeding called emerson electric charged general violated agreement covering development certain components contract components military high multi purpose vehicle american motors said selling general ltv american motors agreed ltv losses incurred ltv resulting emerson electric claims amc also said award confirmed court faces additional legal challenges said ltv general final amount confirmed award amount loss ltv uncertain reuter
british french ministers discuss public spending french finance minister edouard balladur discussed need control public spending talks today british chancellor exchequer nigel lawson treasury spokesman said spokesman said ministers reviewed economies public spending domestic european community wide declined comment whether subject concerted action shore dollar arisen u currency dipped sharply earlier week month relative stability agreement six major industrialised nations paris february stabilise currencies reuter
swedish match sells portuguese unit swedish match ab st said selling one portuguese subsidiaries de e based group undisclosed price subsidiary swedish match since turnover last year mln crowns swedish group said statement reuter
philadelphia exchange extend hours asia philadelphia stock exchange phlx leading trader currency options plans extend trading hours serve far eastern markets exchange president nicholas giordano said told reporters phlx open new session hours u est beginning third quarter year phlx also opening office hong kong serve clients region financial markets advantages currency options giordano said giordano sydney start asian pacific tour exchange executives promoting hedging benefits exchange trade currency option market existing counter option trading local working day currency options phlx become accepted means hedging foreign exchange risk grown said phlx offered options eight currencies including new australian dollar option traded average contracts daily underlying open interest billion u dlrs giordano said exchange impressed performance australian dollar contract since introduction last year regularly topped french franc third popular traded option contracts traded daily philadelphia exchange open asia pacific market day would open new hedging opportunities set level counter option trading increase opportunities give corporations access currency option market much greater depth liquidity security clearing house said reuter
buy american information network inc said reached agreement principle buy american information network terms agreement disclosed company said purchase american allow meet needs broader range direct mail industry customers reuter
spin stake unit inc said distribute one class b common share sciences inc four shares held record march nine company said spinoff distributing entire pct spun stock months company said reuter
amc says studying chrysler buyout proposal comment appropriate
itel itel completes flexi van acquisition itel corp said completed previously announced purchase container fleet certain related assets flexi van leasing inc mln dlrs cash marketable securities mln dlrs notes three mln shares newly issued itel common assumption certain liabilities company said obtained financing syndicate major banks mln dlrs reuter
inc th qtr net shr cts vs four cts net vs revs mln vs mln year shr cts vs cts net vs revs mln vs mln reuter
u capacity use rate pct february u factories mines utilities operated pct capacity february compared revised pct january december federal reserve board said fed previously said rate pct january pct december surge automobile february gain primary metals production helped raise manufacturing pct capacity pct january durables manufacturing increased pct last month pct january fed said manufacturing eased pct capacity use pct january last month rate pct february metals increased pct february pct january motor vehicles parts jumped pct january primary metals rose pct pct january petroleum products fell pct february pct january capacity utilization mining rose pct february pct january february rate pct fed said use rate utilities pct last month pct january producers industrial materials operated pct capacity january december february rate pct fed said decline energy materials use durables goods materials reason decline past year producers industrial materials reuter
gulf resources sees st qtr pretax profit gulf resources chemical corp said sale stake imperial continental gas association result pre tax profit mln dlrs dlrs per share fully first quarter gulf said sold remaining stake imperial shares units loan stock mln dlrs based exchange rate one pound sterling dlr previously reported sold imperial shares march nine gulf said sale imperial shares accepted part recent tender offer made groupe lambert terms offer gulf said entitled receive payment general offer acquire imperial continental group holdings becomes wholly unconditional jan price tender pence per share reuter
bilzerian tells sec ups pay n pak stake pct
cyclops corp reforms board dixons group fails get majority cyclops stock
care inc rd qtr feb net shr cts vs cts net vs revs mln vs mln avg shrs mln vs mln year shr cts vs cts net mln vs mln revs mln vs mln avg shrs mln vs mln note year net includes charge dlrs six cts share debt redemption reuter
west german oil meals use west german consumption oil last year rose pct mln tonnes agriculture ministry said said statement increase exclusively due sharply higher use products went pct mln tonnes use products dropped pct mln tonnes added reuter
u urges surplus nations boost growth leading industrial nations reviewing paris agreement stabilize exchange rates foster increased worldwide growth reduce trade imbalances u thinks accord successful far senior u treasury official said paris accord reviewed meeting successful continues senior u treasury official told reporters briefing ahead week imf world bank meetings also said u looking west germany japan bolster economic growth official said surplus countries like west germany japan deficit countries like u agreed play role bringing balanced economic growth reaffirmed u would press ahead efforts reduce budget deficit resist protectionism boost u competitiveness official also said expected trade issues like dispute u japan microchips included discussions official made direct comment content schedule forthcoming group five group seven discussions said industrial countries concerned large external imbalances remain threat international monetary system added meetings also provide opportunity discuss economic policy coordination efforts official said indicators would used measure policy objectives industrial countries economic projections would also used assess progress policy goals asked whether u proposing new initiative regarding indicators official said issue would reported venice summit june monetary sources said u proposal using indicators make policy coordination agreements like paris accord binding reuter
united inc sets dividend qtly dividend six cts vs six cts pay april record march reuter
peru short term trade credit mln dlrs peru short term foreign trade credit lines regarded vital ensure foreign commercial transactions doubled mln dollars month government president alan garcia central bank general manager neyra told reporters many credits day trade credits mln dlrs garcia took office announcing tough stance limiting foreign debt repayments pct export earnings neyra told reuters peru current interest payments short term debt including trade credit lines mln dlrs called working capital credits trade credit lines mln dlrs fell peru stopped payments private foreign banks reuter
cyacq cuts conditions cyclops cyl bid cyacq corp investor group bidding cyclops corp said amended outstanding dlrs share tender offer cyclops eliminate two conditions modify third one group includes audio video affiliates inc unit citicorp cci said also obtained additional financing commitments including increased commitment citicorp capital investors ltd conditions eliminated cyacq request non public information cyclops previously provided dixons group plc cyacq information provides adequate basis published financial projections cyclops agreed acquired dixons group dlrs share tender offer cyclops outstanding dixons said earlier would allow offer expire tonight condition modified required cyacq satisfied break fees obligations dixons rescinded ineffective says cyclops shall paid fees expenses dixons prior consummation cyacq offer cyacq amended offer expires midnight new york time april three unless extended manufacturers hanover trust co group business credit inc increased tender offer commitment mln dlrs mln dlrs merger commitment mln dlrs mln dlrs additionally citicorp unit audio video increased commitments cyacq mln dlrs new total mln dlrs committed citicorp cyacq said estimates needs mln dlrs buy cyclops shares may tendered pay related fees expenses said seeking arrange balance mln dlrs necessary complete offer previously announced conditions regarding lending group led manufacturers hanover remain effect except loans subject receipt cyacq equity contributions financing less mln dlrs tender offer facility mln dlrs merger facility cyacq also said citicorp unit received indications interest alternative offer made dixons cyclops alleghany corp agreed acquire cyclops industrial group dixons alternative offer citicorp unit cyacq approval proposed acquire industrial group dixons reuter
hartford national corp regular dividend qtly div cts vs cts prior qtr payable april record march reuter
iraq oil minister ahmed replaced iraqi news agency reports
combustion engineering csp unit buyout combustion engineering inc said c e environmental systems services inc unit agreed principle acquire e c jordan co privately held firm based portland terms acquisition disclosed combustion engineering said c e environmental provides environmental sciences management services sales mln dlrs reuter
houston industries inc increases div qtly div cts vs cts prior payable june record may reuter
volcker says fed remains concerned possibility renewed inflation
willcox gibbs make acquisition willcox gibbs inc said agreed acquire electric parts distributor b w electric supply co undisclosed amount cash b w sales eight mln dlrs recent year willcox said plans expansion atlanta area reuter
healthcare corp rd qtr jan net shr cts vs cts net vs revs vs avg shrs vs nine mths shr cts vs cts net vs revs mln vs mln avg shrs vs note net includes tax credits dlrs vs dlrs qtr dlrs vs dlrs nine mths reuter
energy optics inc nd qtr jan net shr profit nil vs loss five cts net profit vs loss revs vs st half shr profit one ct vs loss cts net profit vs loss revs vs reuter
mlx corp th qtr loss shr loss cts vs profit one ct net loss vs profit revs mln vs avg shrs mln vs year shr loss cts vs loss three cts net loss vs loss revs mln vs avg shrs mln vs reuter
varity expects report th qtr full year loss
federal express corp rd qtr feb net oper shr cts vs cts oper net mln vs mln revs mln vs mln avg shrs mln vs mln nine mths oper shr dlrs vs dlrs oper net mln vs mln revs billion vs billion avg shrs mln vs mln note net excludes losses discontinued operations nil vs mln dlrs quarter mln dlrs vs mln dlrs nine mths quarter net includes gains sale aircraft two mln dlrs vs dlrs reuter
rowe furniture corp rowe sets qtly dividend qtly div four cts vs four cts prior pay april record march reuter
policy management makes acquisition policy management systems corp said acquired majority assets business allied research inc salem ore consolidated insurance services inc va undisclosed terms said two companies combined revenues two mln dlrs provide underwriting information services property casualty insurers reuter
consolidated acquire resources consolidated resources ltd said agreed acquire issued outstanding shares resources ltd privately held oil gas company land holdings production base alberta saskatchewan company said specific details relating purchase price terms released closing transaction expected may reuter
flowers industries sees lower year net flowers industries inc said expects lower earnings current year due operating losses incurred recent acquisitions possible nonrecurring losses resulting restructuring efforts year ended june flowers earned mln dlrs today reported nine month earnings mln dlrs mln dlrs year flowers said expects fiscal however show best growth profits history due growing profitability ongoing businesses cost control efforts higher lower taxes flowers said losses suffered west texas operations five plants acquired start third quarter continental wolf baking co severely hurt results said wolf plants expected contributing profit end fiscal year seeking bring west texas operations acceptable levels profitability end fourth quarter well reuter
treasury baker supports fed monetary policy treasury secretary james baker said newspaper interview supports current course federal reserve board monetary policy course fed policy quite adequate far concerned baker said interview new york times interview baker declined comment recent paris accord among six leading industrialized democracies asked u agreed stabilize dollar current levels trade deficit hit record level last year baker said newspaper interview subject prefer talk said explained u agreed help maintain dollar current levels would necessity end getting private agreements support agreement dollar baker optimistic brazil stopped interest payments much outstanding debt foreign commercial banks paying time debt service principal official debts rescheduled paris club baker said newspaper interview baker said brazilian explained pay commercial bank debts full needed time reuter
dudley taft narragansett capital pursue taft broadcasting bid
canada central bank head sees moderate growth bank canada governor john crow said expects canadian economy grow moderately coming year despite near flat growth final quarter see moderate growth crow told news conference following presentation central bank annual report house commons today said positive signs growth economy particularly business inventories fourth quarter yesterday statistics canada reported gross domestic product expanded slight pct quarter crow reiterated bank previous statements inflation remains major priority setting monetary policy said zero inflation would acceptable canada inflation rate currently around four pct mark governor said canada banking system remains sound despite recent concern exposure country banks debt countries brazil debt problem happy development think terms impact crow told reporters reuter
linear films sees lower fourth qtr net linear films inc said sees lower earnings fourth quarter ending march compared year ago due lower profit margins stretch film price increases resin key raw material last year fourth quarter earned dlrs cts share spokesman said company said raising stretch film prices six pct april reflect higher costs resin also said sale volume stretch film fourth quarter lower anticipated although returned normal recent weeks reuter
southern home savings bank year net shr dlrs vs dlrs net vs reuter
german economic outlook seen fairly bright outlook west german economy relatively bright gross national product expected expand three pct year university institute world economy said gnp forecast institute one five leading economic research bodies west germany optimistic institutes recently reduced gnp forecasts two pct report institute said west germany export outlook deteriorated fundamentally despite mark strength dollar major currencies danger exports slump appears limited report said contrary slight rise exports expected institute said past experience shown west german exporters move currency factors cutting costs trying new markets adjusting product ranges aided expected slight rise economic growth industrial countries time decline exports oil producing countries looks set slow year west german gnp growth led renewed advances domestic consumption investment spending turn expansionary monetary policy institute said however said labour market would see slight improvement companies reluctant hire additional workers due higher labour costs caused partly agreed reductions working hours institute cautioned expansionary stance monetary policy west germany likely bring marked acceleration inflation also warned called worldwide monetary policy heightened risk new global recession said central banks industrialized countries including bundesbank followed federal reserve board expansionary course institute said turn bound lead eventually rise worldwide inflation shift u policy towards restrictive policy central banks likely follow suit causing recession could debt crisis developing countries well increase protectionism around world although germany cannot entirely shield negative effects global monetary policy strengthen forces growth home institute said could done ensuring fiscal policy willingness work invest taxes cut greater amount currently planned wage increases lower also said bundesbank reduce inflationary pressures cutting current rate growth money supply four pct reuter
mark iv says plan baird buy mark iv industries inc iv said mulling bid seek control baird corp said present plans acquire pct company total outstanding common stock filing securities exchange commission mark iv said top officials told baird executives march meeting mark iv may buy baird common stock presently intends hold pct limit mark iv first disclosed stake interest baird march reported holds baird common shares pct total outstanding mark iv said also agreed meeting decides seek control baird would negotiated merger business combination tender offer baird would least hours notice baird turn agreed take defensive measures without giving mark iv least hours notice said baird also confirmed takeover defense plan already triggered pct stock would triggered tender offer mark iv said parties also agreed adjourn pending litigation one another added reuter
furniture ups craft stake universal furniture ltd said filing securities exchange commission increased stake craft inc common stock shares pct total outstanding universal said universal furniture industries n v unit bought craft shares march counter market reuter
jardine matheson holdings ltd jard hkg year shr h k cents vs adjusted final div cents vs making vs net mln dlrs vs mln turnover billion vs billion note profits excluded extraordinary items mln dlrs vs losses mln dividend payable general meeting june books close april may note bonus issue four new b shares par value cents every one share par value two dlrs books close august reuter n
american motors amo takeover proposal american motors corp said directors met wednesday review takeover proposal corporation received monday chrysler corp c amc said board retained independent investment legal advisers expects meet next several weeks proposal reuter
data general take nd qtr charge data general corp said expects record extraordinary pretax charge mln dlrs second quarter ended march company said charge result redemption debt may data general said redeem mln dlrs outstanding pct sinking fund debentures due redemption price pct total principal amount notes outstanding plus accrued interest redemption date said interest payable debentures starting may computer communications company said data general reported loss mln dlrs six cts share second quarter ended march loss included charge mln dlrs redemption debentures year ago quarter revenues fell less one pct mln dlrs reuter
ec approves mediterranean financial packages ec ministers approved financial packages several mediterranean states totalling billion european currency units ec official said packages part special ec trade agreements egypt lebanon israel algeria morocco jordan include mln ecus said include one billion ecus loans european investment bank ec long term financing arm framework transfers signed yesterday ec farm ministers agreed principle foreign ministers earlier reuter
international inc nd qtr jan oper shr loss two cts vs profit seven cts oper shr profit vs profit revs mln vs mln avg shrs mln vs mln six mths oper shr profit nil vs profit cts oper net profit vs profit revs mln vs mln avg shrs mln vs mln note per shr calculated payment preferred dividends results exclude credits four cts nine cts qtr six mths vs six cts cts prior periods operating loss carryforwards reuter
wal mart stores inc th qtr jan net shr cts vs cts net mln vs mln sales billion vs billion year shr dlrs vs dlrs net mln vs mln sales billion vs billion reuter
ameron inc st qtr feb loss shr loss cts vs profit six cts net loss vs profit sales mln vs mln reuter
southern take charge vogtle cost southern co said take tax charge mln dlrs earnings later january projected cost vogtle nuclear power plant risen amount retail customers georgia asked pay company largest subsidiary georgia power co said budget plant increased pct mln dlrs billion however pledge made last year georgia public service commission increased cost included utility retail electric rates power also said board delayed scheduled completion vogtle unit two june september unit two pct complete added utility said fuel loading completed unit one unit put series low power tests nuclear regulatory commission asked full power license nuclear power plant located near ga co owned power corp municipal electric authority georgia city georgia power said revised vogtle budget estimate due several factors including additional labor costs incurred keep plant first unit schedule commercial operation june new figure represents first change plant budget since august estimated billion dlrs march utility told georgia regulators would cap price vogtle customers would asked pay billion dlrs company share projected billion dlr total new budget georgia power said share amounts billion dlrs noting georgia power share vogtle increase mln dlrs southern said result charge earnings mln dlrs taxes addition company said georgia power contracts joint owners require utility buy back significant amounts vogtle capacity plant initial years operation terms cap costs attempt recover portion budget increase applies total amount must charged earnings mln dlrs taxes southern said southern said new rules financial accounting standards board effective january require costs determined charged earnings determination made company also said board approved capital budget billion dlrs including work vogtle project said billion dlr capita budget three year period also outlined board meeting noting mln dlrs comparable figure years reuter
canadian money supply rises week canadian narrowly defined money supply rose mln dlrs billion dlrs week ended february bank canada said plus daily interest chequable non personal deposits rose mln dlrs billion dlrs plus notice personal fixed term deposit rose mln dlrs billion dlrs non personal fixed term deposits foreign currency deposits residents booked chartered banks canada rose mln dlrs billion dlrs chartered bank general loans outstanding rose mln dlrs billion dlrs canadian liquid plus short term assets fell mln dlrs billion dlrs total canadian dollar major assets chartered banks fell mln dlrs billion dlrs chartered bank net foreign currency assets fell mln dlrs minus billion dlrs notes circulation totalled billion dlrs mln dlrs week government cash balances fell mln dlrs billion dlrs week ended march government securities outstanding rose billion dlrs billion dlrs week ended march treasury bills rose mln dlrs billion dlrs canada savings bonds fell mln dlrs billion dlrs reuter
swissair reports lower profit dividend swissair z reported pct drop net profit mln swiss francs said line new flexible dividend policy would cut payout francs per share president robert told news conference first two months year gave hope profit would least equal last year figure said much depended outside factors fuel prices exchange rate fall largely due mln franc loss swissair core flying business last year profit mln francs previous year said net profit figure reached receipt mln francs plane sales compared mln francs finance head martin said expected around mln francs sales year although said much depended speed decided sell gross profit reached mln francs mln francs ordinary depreciation gross profits previous year mln francs mln depreciation including mln francs depreciation said result well predictions made time last year suffered considerably due exchange rate fluctuations particular strength swiss franc negative effects revenue sharp drop dollar partially compensated cheaper fuel prices offset strength franc european currencies income profit generated services countries substantial margin said exchange rate trends therefore hit us much severely airlines reuter
japan economy may near bottom economists say worst may japan economy economists said expect recovery soon japanese bank economists polled reuters said economy month old slowdown likely end first half year helped rising exports stepped government spending falling prices economy bottom middle year said sumitomo bank ltd chief economist industrial bank japan ltd senior economist taketomi agreed bottom said added recovery slow growth fiscal year beginning next month pick pct two pct current year said signs economy worst increasing volume exports first two months year rose slightly year year basis declining toward end last year although may due extraordinary factors sharp rise car exports rebuild depleted european stocks several economists said could mark beginning recovery industrial production fell pct january much smaller expected forecast government rise pct february pct march bank japan survey released last week showed decline japanese corporate earnings may nearing end paris currency accord last month hopes rapid yen rise come end said six nations u k canada france japan u west germany pledged paris last month stabilise currencies around current levels yen pct climb dollar last two years hit export driven economy hard forcing companies raise prices lose sales u market important thing exchange rate taketomi said firms grow confident raise investment plant equipment although signs yet economists said stable yen would also help exporters regain competitive edge u economy may starting recover economists said domestically economy may get boost government tight fiscal policy said manager national economics bank tokyo ltd next reading economy health come early next week release gnp figures last quarter private economists expect rise pct previous quarter third quarter gnp rose pct senior government official said fourth quarter figures could surprise showing rise one point quarter quarter added would statistical significant shift economic activity maintain year year growth around pct economy would rise pct fourth quarter final quarter strong rise fourth quarter probably statistical repeated final months official said economists said fourth quarter figures also distorted government sale gold coins second half coins classified legal tender purchase show statistics consumer expenditure consumer spending also december bad weather smaller normal end year bonuses said government buy back coins retailers government contribution economy fourth quarter may boosted economists said taketomi said may received boost government buying farm products domestic crop last year good senior government official said fourth quarter performance domestic sector probably worse generally expected external sector better reuter
sigma mines quebec ltd th qtr net shr cts vs five cts net vs revs vs year shr cts vs cts net vs revs mln vs mln reuter
nippon life seeking tie u securities house nippon life insurance co possible link american securities house expand overseas investment portfolio company spokesman said declined comment rumours company would take pct stake shearson lehman brothers investment banking unit american express co axp said firm started sound several u investment banks capital participation months ago narrowing number prospects say set one firm nippon life japan largest life insurer also plans set wholly owned investment unit international america new york next month subsidiaries canada singapore islands jersey year said moves line long term strategy put emphasis overseas investment management opportunities home declining company assets growing company especially attracted scale depth u money credit markets wants establish firm foothold spokesman added reuter
products inc good year end oper net oper shr vs cts oper net vs revs mln vs mln note oper net excludes loss dlrs profit dlrs respectively discontinued operations earnings per shr restated reflect stock split effective july one reuter
tate tate th qtr net shr cts vs cts net mln vs revs mln vs mln avg shrs mln vs mln year shr dlrs vs cts net mln vs mln revs mln vs mln avg shrs mln vs mln note share adjusted january two one split reuter
japan personal savings soar japanese personal savings grew pct helped sharp increase stock investments individuals bank japan said outstanding savings december totalled billion yen funds investment trusts alone totalled billion yen pct year earlier outstanding balance also included deposits banks post offices pct billion yen savings form insurance pct billion corporate bond investments pct billion investments trust banks pct billion reuter
hovnanian enterprises splits stock hovnanian enterprises inc said board directors declared two one split outstanding common stock company said shareholders receive one additional share share held close business march additional shares distributed april reuter
u steelmakers union seek renewed import curb u specialty steel industry union said seek three year extension president reagan import restraint program give industry time restore competitiveness said tell u international trade commission itc thursday termination disastrous consequences american companies workers current four year voluntary program reached foreign exporters ends summer itc must advise president reagan economic effect termination specialty steel industry united states united steelworkers union said statement imported steel still flooding domestic market continued curbs needed restore industry health reagan decide july whether renew restraint program reuter
international ltd year net shr dlrs vs dlrs net vs revs mln vs mln note current net includes gain dlrs share disposal assets w ward holds pct voting interest reuter
champion expand alberta mill champion international corp based conn said expand mill alberta cost mln canadian dlrs expansion double facility operation short tons per year mill produces softwood kraft pulp sold champion facilities open market champion said estimates project completed end reuter
u sells mo bills pct stop pct mo pct stop pct
asbestec buy contractor receives contract asbestec industries inc said signed letter intent buy contractor p w stephens three mln dlrs cash stock notes transaction expected completed early third quarter fiscal year ending september asbestec also said expects sign march six dlr contract remove major apartment complex washington c project scheduled begin march nine reuter
lasmo set benefit future oil price rises london scottish marine oil plc lasmo l advantage oil prices rise confident happen early next decade company said statement accompanying results lasmo said advantage comes reserves oil gas end stood mln barrels oil equivalent group record reserves increased every year since rate pct year company reported pretax profit mln stg mln said falling oil prices caused downturn company said reacted sharp drop oil prices began year ago capital expenditure mln stg cut mln stg net disposals managers responded well demand lower operating costs achieved worldwide company said exploration wells committed therefore retains maximum flexibility exploration program even without success existing fields recent discoveries contribute significantly profit cash flow years come said lasmo shares p announcement reuter
great american bancorp th qtr net shr profit seven cts vs loss cts net profit vs loss mths shrs loss dlrs vs loss cts net loss vs loss assets mln vs mln deposits mln vs mln loans mln vs mln reuter
japan last ditch effort save chip pact japan launched last ditch effort salvage computer micro chip pact united states sending letter top american policy makers setting case producers cut output must make effort ward ministry international trade industry miti deputy director general told reporters action taken united states create serious problems reagan administration economic policy expected meet thursday review japanese compliance bilateral agreement last year pact tokyo agreed stop selling cut price chips world markets increase imports american semiconductors washington accused japan reneging deal selling low priced chips asia failing boost american imports threatened take retaliatory action effort save agreement miti asking japanese chip makers limit production hope boost domestic demand reduce incentive export said japan slash output dynamic random access read memory chips pct second quarter follows cutback pct first three months year said cutbacks already supply chips available export distributors called grey market almost grey market said supply help ensure cutbacks implemented miti called president japan largest semiconductor maker nec corp last week said also issuing specific production japanese subsidiary texas instruments inc trade industry minister hajime tamura steps japan taking salvage pact appealed u understanding letter top american policy makers letter sent today u secretary state george treasury secretary james baker commerce secretary malcolm baldrige u trade representative clayton yeutter four make economic policy council expected consider evidence presented u chip maker micron technology inc dram cut price japanese sales hong kong admitted oki electric industry co hong kong subsidiary sold chips inappropriate level denied dumping chips rock bottom prices united states uses proof dumping present said sales though inappropriate light miti advice semiconductor makers sell chips well production costs avoid dumping said also called case stopped short japanese newspaper oki trapped making sales say though micron sales day made oki unable person bought chips tried buy back last week reuter
john labatt ltd rd qtr jan net shr cts vs cts shr diluted cts vs cts net vs revs billion vs mln nine mths shr dlrs vs dlrs shr diluted dlrs vs dlrs net vs revs billion vs billion avg shrs mln vs mln reuter
coffee may fall new quota talks coffee prices may fall even lower bring exporting importing countries round negotiating table discuss export quotas ico delegates traders said failure last night international coffee organization ico producing consuming countries agree export quotas brought sharp fall international coffee futures markets today london may price reaching year low one stage stg per tonne ending day stg stg previous close new york may price cents lb pressure build producers returning ico talks sell coffee held back hope negotiations would establish quotas would put floor prices senior traders said ico day average price stood cents lb march compares target range cents lb system operating quotas suspended february last year following sharp rise international prices caused drought damage brazilian crop reuter interview brazilian coffee institute ibc president jorio dauster urged producers panic said need make hard commercial decisions failed ico least tried dauster said adding time go sell coffee brazil keeping marketing options open plans make official estimate forthcoming crop next month dauster said difficult forecast trade sources put crop mln bags compared previous crop mln brazil details public selling tenders coffee bought london futures market last year basic condition go back market one go sold minimum six months breakdown ico negotiations reflected split producers consumers set future quotas consumers said objective criteria like average exports stocks determine producer quota shares dauster said elements proposal open negotiation consumers insisted want return ad hoc way export quotas virtual trading producers consumers ico dauster said stocks exports ico members non members need considered setting quotas brazil would like apply coffee pact set ratio overall quota reflecting stock holdings brazil dictate policy producers consumer countries welcome participate cannot dictate quotas difficult allocate different objective criteria achieve different share quota dauster said delegates said open talking ico least differences bad compromise consumer delegates said prepared accept producers offer abandon quotas impossible find acceptable basis want basis quotas reflect availability encourage stock holding alternative buffer stock supplies needed later stage one delegate said consumers claimed producer support consumer argument gaining momentum towards end ico session said uncertain whether collapse much producers sink differences prices fall remain depressed ico executive board meets march april producer consumer delegates said doubt real negotiations begin board due meet indonesia june full council scheduled september traders said pressure market forces debt heavy latin american producer countries could bring ico members back around negotiating table sooner many case quotas could come force summer delegates traders said quotas october unlikely brazil dauster noted ico continued although quotas clear difference pressures already felt importers exporters consumers would happy agree formula future quotas even could imposed least way said could show direct relationship quotas availability contrast producers wanted stop gap quotas market prepared allow lasting agreement found producers offering us tomorrow failure discuss last year insufficient wanted cast iron commitment one consumer said reuter
philadelphia suburban buys software firm philadelphia suburban corp said acquired systems inc computer software company common stock detailed terms disclosed specializes public sector accounting systems employees facility four branch offices midwest one new york reuter
leaseway transportation corp qtly div qtly div cts vs cts prior pay april eight record march reuter
pan corp th qtr loss mln dlrs vs profit mln dlrs
mca inc mca sets regular qtrly payout qtrly div cts vs cts prior pay april record march reuter
asamera form new mining unit asamera inc said transfer mineral interests new wholly owned subsidiary asamera minerals inc later issue pct shares public mineral interests include asamera pct interest cannon gold mine wash asamera said mine produced ounces gold expected produce ounces year asamera said talks breakwater resources ltd possible merger mining interests including cannon mine terminated elaborate asamera said holding mineral properties separate company give better direct recognition value assets mining interests include gold exploration prospects acres county calif acres canada northwest gold silver mine nevada properties northern california platinum prospect northwest reuter
corp th qtr net shr cts vs cts net vs revs mln vs mln year shr dlrs vs dlrs net vs revs mln vs mln reuter
sale boosts belgian societe generale net societe generale de br said near doubling net profits due large part sale shares corp company announced net non consolidated profit billion francs compared billion said current profits rose pct last year without giving figures however added statement company made major capital gains sales year particular sale shares societe generale governor rene told last november annual meeting asset disposals would total around billion francs including sale shares limited predicted profit extraordinary items two billion francs balance today statement societe generale gave figures extraordinary gains reuter
realty trust th qtr net shr dlrs vs cts net vs rev vs year shr dlrs vs dlrs net vs rev mln vs mln note fourth qtr gains real estate investments dlrs share dlrs share respectively compares loss dlrs cts share mln dlrs share fourth qtr year respectively reuter
borman inc declares qtly dividend qtly div five cts vs five cts prior pay june record may reuter
unilever plc nv combined pre tax profit billion stg vs mln
good demand market green coffee market attracted good buying interest colombian coffee last week almost trade sources said buyers awaiting opening brazil export registrations may shipment could affect prices similar qualities said colombia opened export registrations good business developed private shippers prices said attractive details immediately available central americans sought spot robusta sector nearby material rather turnover limited sources said following offers market end last week first second hand sellers ideas spot prompt shipment dlrs per kilos fob equivalent unless stated previous week prices brackets brazil german colombia salvador nicaragua guatemala costa rica kenya ab tanzania ab zaire k robusta ek cif reuter
two brazilian shipping firms settle strikers two small shipping companies reached pay deal striking seamen late yesterday union leaders said brazil seamen still strike union spokesman rio de janeiro said seamen accepted pct pay raise offer companies flumar less employees two week strike comes brazil faces debt crisis delaying exports badly needed earn foreign exchange labour minister almir pazzionotto said government force settlement strike ruled illegal last friday reuter
inc rd qtr feb net shr cts vs cts net vs revs mln vs mln nine mths shr cts vs cts net vs revs mln vs mln note share adjusted three two stock split june reuter
group buys dwg dwg unit assets group inc said purchased dwg corp inc line regional juice products purchase terms disclosed company said reuter
campbell meston lake sets gold targets meston lake resources inc pct owned campbell resources inc said begin commercial output joe mine area quebec initial daily rate short tons ore grading ounce gold per ton said improve throughput tons day ounce gold per ton meston said current ore reserves property total tons grading ounces gold per ton pct copper may able develop substantially greater tonnage meston said underground drilling current developed reserves intersected main zone feet bottom level average grade assayed ounce gold per ton true width feet recent east current feet reserve intersected three zones grading respectively ounce per ton feet depth feet ounce seven feet depth feet ounce one foot depth feet second surface hole feet east intersected ounce per ton feet reuter
malaysia expects rubber shortage april may malaysia said expects natural rubber shortage april may effects current wintering rubber trees expected shortage stronger demand rubber goods especially condoms consumers likely push prices malaysian rubber exchange licensing board said latest monthly bulletin annual wintering period february april rubber trees shed leaves latex output low reuter
geodome start mine construction geodome resources ltd said following receipt feasibility study raytheon co stearns catalytic unit proceed construction pre production sunbeam mine county idaho quickly possible company said study found proven ore reserves short tons grading ounce gold per ton said mine operate rate tons ore per year higher grade ore mined first three years rapid capital costs company said feasibility study calls gold production averaging ounces year life mine ounces year first three years ounces silver per year produced life capital costs would mln dlrs new equipment one mln dlrs less used equipment said said mine would operated contract miner associated mill geodome geodome said new ore zone discovered last summer included reserve calculations said eight nine holes drilled average grade ounce gold ounces silver per ton also excluded reserves tons low grade material could milled profitably dlrs ton gold feasibility study used dlr gold price geodome said operating costs mine average dlr per ounce gold mine life dlrs first three years constant dollars reuter
des moines gets qualified audit des moines inc said receive qualified opinion auditors financial statements said qualification related inability determine effects final resolution suit filed washington public power supply system suit dismissed lower court action ultimate outcome matter still uncertain since washington public power appealed u court appeals reuter
german research institute lowers growth forecast diw economic research institute said west german economic growth unlikely reach pct rate forecast earlier year institute whose forecasts pessimistic four leading german institutes said economy passed peak summer prospects significantly since autumn diw repeated earlier predictions gross national product gnp first quarter would contract real seasonally adjusted terms weak final quarter last year reuter
waste management wmx votes split ups payout waste management corp said board voted two one stock split payable april record march action waste management directors approved increase quarterly dividend cts cts payable april three record march reuter
laenderbank expects modest profit rise laenderbank ag vi expects maintain dividend record moderate rise profits year mln schilling net profit made general director gerhard wagner said wagner told news conference last year pct rise net profit mln largely due greater domestic business wider margins schilling interest rates bank austria third largest raised dividend pct billion schilling nominal share capital pct capital billion announcing results wagner said endeavour maintain higher dividend laenderbank balance sheet total rose five pct billion schillings pct growth foreign currency business last year accounted pct balance sheet total compared pct wagner blamed foreign business chiefly dollar fall schilling effectively pegged mark dollar weakness wiped billion schillings balance sheet total wagner declined give exact figure profits bank london branch opened april said came close one mln stg schilling lending profit interest risen pct billion schillings commission earnings climbed pct mln according federal budget state due lower stake pct laenderbank probably pct wagner said exact timing move depended state reuter
n save corp th qtr net shr cts vs cts net mln vs mln sales mln vs mln year shr dlrs vs dlrs net mln vs mln sales mln vs mln note share adjusted three two split june reuter
investors raise cyclops cyl tender price cyacq corp investor group bidding cyclops corp said would raise outstanding tender offer price cyclops common dlrs share dlrs certain conditions met increased offer would exceed dlrs share price offered dixons group plc tender offer cyclops part definitive agreement acquire pittsburgh based maker carbon tool specialty steel products cyacq includes audio video affiliates inc citicorp capital investors ltd investors cyclops mln shares outstanding tender price raised cyclops must provide cyacq non public information provided dixons group cyacq must satisfied financial projections made offering material dixons based information cyacq said additionally dixon group rights buy cyclops common rights fees expenses dixon merger agreement broken must rescinded cyacq said cyacq said financial projections developed cyclops materially lower financial projections provided cyclops dixons group cyclops spokeswoman said company details new cyacq proposal could comment nothing hand said addition making specialty metal products cyclops also operates specialty stores sell consumer electronics products stores located states concentrated northeast northwest southwest cyclops employs people pennsylvania ohio states also interests non residential construction cyclops earned mln dlrs dlrs share sales billion dlrs compared earnings mln dlrs dlrs sales billion spokeswoman said agreement dixons group calls cyclops steel construction businesses sold unit alleghany corp mln dlrs merger completed cyacq spokesman said new conditional tender price would cash comment whether cyacq plans withdraw current offer scheduled expire midnight march six dixon group offer extends march reuter
n z unemployment rate pct december quarter new zealand unemployment rate pct workforce quarter ended december unchanged revised pct preliminary pct previous quarter slightly pct year earlier quarter statistics department said department citing household labour force survey said statement number unemployed october december september quarter year earlier reuter
arbed sees need maintain pressure costs recent deterioration steel market makes important arbed sa br maintain efforts reduce costs company said statement reported competitive position weakened considerably second half leading seven pct cut steel output whole year mln tonnes arbed managed make mln franc net profit slightly billion profit thanks lower raw material costs prudent management company said arbed said early months seen market decision european community maintain anti crisis measures least provisionally normal circumstances beneficial effect ec ministers agreed extend quota production system discussions continue industry plan capacity reductions arbed said current conditions cost cutting efforts remain necessary avoid weakening resources built last three years reuter
zambian minister confirms copper diversion minister mines patrick confirmed zambia ended copper shipments south africa announced state run mining company closed office white ruled republic told official times zambia newspaper interview government mineral exports along rail routes dar es salaam tanzania beira declined say volume copper minerals shipped two ports said problem new arrangements far copper reaching destinations without told times times zambia quoted unnamed sources saying zambia exported tonnes copper dar es salaam beira last quarter diplomatic sources earlier expressed doubts zambia ability ship copper beira dar es salaam without causing massive ports also said state run zambia consolidated copper mines zccm closed office johannesburg since redundant reuter
belgium plans insider trading belgian finance ministry spokesman said new rules planned insider trading would enable year gains new rules require parliamentary approval government sources said unclear would come force insider trading currently country cabinet approved separate bill analysts said includes provisions make difficult build major new stakes belgian companies bill would make declaration major stakes companies quoted bourse resources mln francs minister economic affairs would need informed advance deals foreign interests planned buy new stake ten pct voting shares large belgian company increase existing stake pct reuter
american pork congress national pork producers council announced year american pork congress congress trade show divided two parts next years held atlanta business session continue first week march trade show changed new international event called world pork first held june des moines expanded format said executive vice president sweet said decision show congress came producers never get see trade show floor makes sense business session trade show sweet said reuter
green acres lp raises quarterly qtly div cts vs cts prior pay aug record june reuter
holly corp hoc nd qtr jan loss shr loss cts vs profit cts net loss vs profit revs mln vs mln avg shrs vs st half oper shr four cts vs cts oper net vs revs mln vs mln avg shrs vs note current half net excludes dlr loss discontinued oil natural gas operations share adjusted three one stock split recapitalization december prior year net periods includes pretax charge dlrs recapitalization costs reuter
franco nevada says stock rise due drilling franco nevada mining corp ltd said gain stock price today related deep drilling conducted american barrick resources corp claims camp northern nevada franco nevada stock two seven dlrs per share toronto stock exchange franco nevada said american barrick announced march nine drilling indicated number significant intersections gold depth feet one drill hole intersected gold feet feet averaging ounces per short ton announcement said reuter
iran anti ship missiles near gulf paper iran six large missiles near strait hormuz increase threat shipping gulf new york times said paper quoted u intelligence sources saying missiles appeared chinese design known based soviet missile missiles range miles said missiles two sites quoted naval analyst saying could used sink block strait hormuz missiles used iran fraction power could sink lucky hit paper said none new missiles fired yet added cbs television network reported friday iran installed new missiles along gulf said washington warned tehran use shipping reuter
e systems inc sets quarterly qtly div cts vs cts prior pay april one record march reuter
singapore welcomes new lme aluminium contract move singapore welcomed london metal exchange lme decision list singapore delivery point lme new dollar denominated aluminium contract manager international trading trade development board said decision would boost singapore image major delivery port hope encourage metal traders set shop singapore become delivery port metals well said new contract start trading june lme first dollar contract reuter
hadson corp th qtr net shr profit four cts vs loss cts net profit vs loss mln revs mln vs mln avg shrs mln vs mln year shr profit cts vs profit cts net profit vs profit revs mln vs mln avg shrs mln vs mln note net included gain sale foreign properties mln dlrs dlrs per share writedown oil gas properties mln dlrs cts per share th qtr net included writedowns oil gas properties reuter
thompson medical co inc sets quarterly qtly div cts vs cts prior pay april record march reuter
j w inc nd qtr jan net shr dlrs vs cts net vs revs mln vs mln six mths shr dlrs vs three cts net vs revs mln vs mln note current periods include pretax gain mln dlrs sale oaks store n gain mln dlrs benefit tax loss carryforwards year ago six mths includes gain dlrs refund prior year real estate taxes reuter
japan firms iran term contracts japanese companies decided renew term contracts lift iranian crude oil spot prices remain considerably lower opec official levels industry sources said said cargo mideast benchmark crude dubai traded yesterday dlrs barrel compared official price dlrs one japanese company renewed term contract iranian crude oil second quarter sources said sources said japanese companies lifting total barrels per day bpd iranian crude term contracts one firm agreed lift second quarter lifting bpd said move could iran offer discounts cargoes loading april likelihood discounts depended largely levels spot prices spot price dubai goes dlrs would probably buy iranian crude official price one japanese refiner said intend put pressure added buyers little incentive renew contracts lift oil official opec prices spot prices grades considerably lower oil traders said said spot prices move higher problem finding opec crude purchase official prices qatar chartered floating storage crude oil finding buyers official prices march problem likely april adding country surplus traders added iraq opec december production agreement agreeing fixed prices oil analysts said opec group output close first half ceiling mln bpd supply demand would balanced end second quarter also said opec holds official price structure based reference price dlrs spot price fluctuations limited dlrs range dubai dlrs range north sea brent one japanese refiner said moment lot pressure opec particularly qatar hold problem beginning trust ability nigerian oil minister opec president rilwanu lukman told news conference yesterday nigeria member countries opec remain determined december agreement adhering strictly various quotas official selling prices said opec believed consumers drawn heavily stocks crude oil refined products reducing levels well time last year said consumers would soon return market search crude japanese refiner said european u markets beginning look better opec might quite lucky
experts expressed fears safety british government investigation got way sinking car ferry herald free enterprise heavy loss life experts said doubts already expressed roll roll type ship shipping minister lord said preliminary investigation started tonne ferry capsized sank little minute leave zeebrugge routine four hour initial reports spoke water flooding car bow doors spokesman owners townsend thoresen said also possible ferry townsend thoresen operate two ships herald free enterprise said planned pull service present already shall wait see early say happened told bbc radio work bodies half continued maritime safety experts london said doubts already expressed design called ferries herald free enterprise inter governmental international maritime committee issued report saying roll roll vessels lost ships areas divided townsend thoresen say ship built west german yard built highest safety standards salvage expert william cooper said passengers would problems getting type ship design former townsend thoresen officer said type vessels similar respects barge knows takes two three inches line turn barge ordinary ship stability said cooper said cross channel ferries normally perfectly stable huge wide areas water level get water area get severe effects stability ship added reuter
united security buy robert brown unit united security financial corp illinois said signed letter intent buy robert co brown co inc insurance group unit robert c brown co would receive newly issued united security stock united security said anticipated stock would represent substantial majority shares outstanding merger united security principal subsidiary united security life insurance co illinois group owns life insurance co america middle atlantic life insurance co reuter
trans lux tlx sets five pct stock dividend trans lux corp said board declared five pct stock dividend payable april nine holders record march company said directors also declared regular quarterly dividends presently outstanding shares classes common payable april nine holders record march said unchanged dividend two cts paid common cts class b stock reuter
american corp year net shr cts vs cts net vs sales mln vs mln note th qtr data available reuter
inc year ended group shr yen vs net billion yen vs billion pretax billion yen vs billion operating billion yen vs billion sales billion vs billion note company attributed profit fall largely yen appreciation period domestic sales rose pct billion yen year earlier exports declined pct billion reuter
dauster says change brazil coffee policy brazil announce changes coffee export policy brazilian coffee institute ibc president jorio dauster said told reuters brazil planning modify position held recent international coffee organisation meeting earlier month talks london set new ico export quotas failed commenting outcome coffee producers meeting managua last weekend dauster said discussed nothing involving market meeting agreed work behalf union producers matters related international agreement dauster said managua meeting attended representatives brazil mexico guatemala el salvador honduras costa rica nicaragua panama latter represented meeting merely observer reuter
wall street stocks chrysler c amc amo proposed mln dlr deal chrysler corp would acquire american motors corp described analysts reasonable deal companies ronald montgomery securities said amc common stock could fairly valued five dlrs share given changes brought tax reform chrysler offer pay four dlrs share chrysler stock amc holders renault good price chrysler amc common shares opened four dlrs morning renault chrysler announcement chrysler shares lost though amc issued statement saying studying proposed buyout comment said regarded proposal done deal believe else would make bid reasonable deal sides analyst told reuters chrysler gets jeep franchise new amc bramalea ontario plant new renault premier mid sized car amc sales go buyers confidence manufacturer still around service products said analyst thomas said chrysler would getting manufacturing capacity including brand new plant canada bargain price renault would getting return prolonged loss making investment amc reuter
insurance group inc th qtr loss shr loss nine cts vs profit cts net loss vs profit year shr profit cts vs profit dlrs net profit vs profit reuter
industries ltd year net shr cts vs cts net mln vs mln revs mln vs mln avg shrs mln vs mln note prior year shr restated june two one stock split reuter
perry drug stores inc st qtr jan net shr cts vs cts net vs sales mln vs mln reuter
swissair z year net mln swiss francs vs mln div francs per share vs turnover billion vs billion reuter
minerals inc year loss shr loss four cts vs loss six cts net loss vs loss revs mln vs reuter
kuwait says plans emergency opec talks kuwait oil minister remarks published today said plans emergency opec meeting review oil policies recent weakness world oil prices sheikh ali al khalifa al sabah quoted local daily al qabas saying none opec members asked meeting denied kuwait pumping quota barrels crude daily bpd set self imposed production limits nation organisation traders analysts international oil markets estimate opec producing one mln bpd ceiling mln bpd agreed geneva last december named kuwait united arab emirates along much smaller producer ecuador among producing quota kuwait said pumping mln bpd based reports said kuwait ability exceed share kuwait ability minister said sheikh ali said kuwait ability produce mln bpd sell quota official prices countries suffering difficulties marketing share means kuwait unusually said referring apparently gulf state qatar industry sources said selling less bpd bpd quota buyers resisting official prices restored opec last month pegged dlrs per barrel prices new york last week dropped lowest levels year almost three dollars three month high dollars barrel sheikh ali also delivered challenge international oil company declared kuwait sold official prices charging official price dlrs barrel lost custom said elaborate however kuwait guaranteed markets oil local international refining facilities distribution network abroad added reaffirmed planned meeting march opec differentials committee postponed start april request certain body members ecuador deputy energy minister fernando santos alvite said last wednesday debt burdened country wanted opec lower official price crude seek talks month opec pricing committee referring pressure oil companies opec members apparent reference difficulties faced qatar said expected pressure continue march april expected situation would later improve reuter
western federal savings bank ups payout qtly div cts vs cts prior pay april record march reuter
data systems inc st qtr jan net shr three cts vs four cts net vs revs vs reuter
public service n c raises payout public service co north carolina inc said board raised quarterly dividend cts per share cts previously adjusted two one stock split takes effect april dividend payable july one holders record june company also said plans file soon offering one mln new shares would give total post split shares reuter
international clinical laboratories inc shr nine cts vs seven cts net vs revs mln vs mln st half shr cts vs cts net vs revs mln vs mln note current half net includes charge dlrs reversal investment tax credits reuter
unicorp american corp uac th qtr net shr cts vs cts net vs revs mln vs mln year shr cts vs dlrs net mln vs mln revs mln vs mln avg shrs mln vs note year net includes gain mln dlrs sale eight real estate properties reuter
hunt manufacturing co st qtr net ended march shr cts vs cts net vs revs mln vs mln avg shrs vs reuter
k ltd nd qtr jan net shr cts vs cts net vs rev mln vs mln six months shr cts vs cts net vs rev mln vs mln reuter
key u house trade subcommittee approves bill toughen u trade laws
borg warner says discussed possible takeover irwin jacobs
gencorp sues general partners gencorp inc said filed suit unsolicited dlr share tender offer wagner brown afg industries gencorp said seeking injunction offer federal securities laws margin regulations gencorp also said board carefully studying offer make decision whether shareholders accept reject march reuter
salant corp st qtr feb net oper shr profit seven cts vs loss cts oper net profit vs loss sales mln vs mln note current year net excludes dlr tax credit company operating chapter bankruptcy reuter
alcan al close west german smelter alcan aluminium ltd closing aluminum smelter west germany june due high operating costs alcan spokesman said smelter near frankfurt annual capacity metric tons operating half january spokesman leclerc said leclerc said alcan decided would cost much plant said possibility company sell smelter currently employs people scheduled closing reuter
talking point viacom international via bidding war viacom international inc one largest u entertainment companies management group investors national amusements inc closely held theater operator sides raised bids weekend source close management side insisted timing side said outside directors approve management proposal merger plan could put vote shareholders proxy material going late week would take days day mail said source source predicted national amusements controlled investor sumner redstone would need half year complete tender offer regulatory approvals must change control viacom broadcast licenses cable television franchises redstone available comment wall street arbitrage players said rare situation could enjoyed true bidding war one said redstone could begin tender offer wanted enough people convinced proposal superior viacom management plan would chance win independent directors viacom called meeting today word decision expected early tomorrow viacom shares climbed one major wall street firm issued sell recommendation think end terms bidding said firm arbitrageur spoke condition identified redstone proposal management proposal would create restructured company heavily leveraged debt management plan would result balance sheet billion dlrs debt nearly mln dlrs preferred stock convertible pct common stock redstone proposal offers holders dlrs cash fraction share exchangeable preferred stock value dlrs one fifth share common stock stock arsenal holdings representing pct equity interest restructured viacom one arbitrageur calculated equity redstone plan worth dlrs making total package worth dlrs per share management offered dlrs cash exchangeable preferred stock worth dlrs fractional share convertible preferred arbitrageur said equity portion worth dlrs total dlrs redstone plan raised amount interest would pay cash portion offer every day beyond april merger arsenal consummated plan calls paid annual rate nine pct may pct thereafter previously redstone offered eight pct interest arbitrageurs said redstone management group led president chief executive offering high prices redstone really wants company one said another said management seemed edge timing issue redstone company owns pct viacom mln shares wall street analyst said hard determine equity newly leveraged company would worth noted example new stock fmc corp fmc adopted highly leveraged structure last year traded dlrs per share dipped nine dlrs dlrs last week viacom reported fourth quarter earnings fell two two cts per share cts company said interest costs several acquisitions affected results shares warner communications inc rose analysts noted warner owns warrants purchase mln viacom shares dlrs another mln shares dlrs chris craft industries owns stake warner rose viacom created spun cbs inc cbs company cable television subscribers operates nine satellite television services owns television radio stations one largest distributors films programs television reuter
u k money market given mln stg help bank england said provided money market mln stg assistance afternoon session takes bank total help far today mln stg compares revised estimate mln stg shortage system earlier revised mln central bank made outright purchases bank bills comprising mln stg band one pct mln stg band two pct mln stg band three pct mln stg band four pct reuter
doe secretary proposes oil tax incentives energy secretary john herrington said propose tax incentives increase domestic oil natural gas exploration production reagan administration consideration options boost production avoiding huge costs associated proposals like oil import fee herrington told house energy subcommittee hearing intention submit proposals domestic policy council cabinet consideration review goal administration policies increase domestic production would like one mln barrels day said proposals based doe study released yesterday warning united states threatened growing dependence oil imports project free world dependence persian gulf oil pct herrington said reuter
philip crosby associates earnings delayed philip crosby associates inc said fourth quarter annual earnings report delayed two weeks company cited recent house subsequent review auditors international situation reason delay philip crosby however said believes december estimate calling earnings per share cts cts revenues mln dlrs still valid reuter
iraq turkey oil pipeline cut landslide turkey oil pipeline near southern town cut landslide news agencies said little oil lost landslide friday night one mln bpd line switched accident said pipeline carries oil turkey customers iraq field terminal turkish mediterranean coast iraq main oil outlet reuter
ltd st qtr feb net shr three cts vs cts net vs revs mln vs mln avg shrs vs reuter
cuba tells traders sugar exports may delayed cuba told international sugar operators bought sugar shipment march contracts take second place cuba direct shipments export markets dealers said traders received cuba said language message totally clear believed shipments would traders declare soviet union contracts rising world prices last week reflect poor cuban crop worry brazil export availability increasing soviet demand analysts said traders said signs cuba shortage immediately available raw sugar supply traditional probably factor behind syria calling snap buying tender last month normally syria calls white sugar buying tenders forward delivery last month spot requirement resulted sale several cargoes cuba telex told operators would receive march shipments cuba meet contracts export markets traders said reuter
swedish trade surplus rises february sweden trade surplus rose billion crowns february billion january billion february central bureau statistics said trade surplus first two months year rose billion crowns billion corresponding period report said february imports stood billion crowns exports billion reuter
eastman kodak acquires pct interest enzon inc
systems inc nd qtr march one loss shr loss nine cts vs profit cts net loss vs profit revs mln vs mln six mths shr loss cts vs profit cts net loss vs profit revs mln vs mln reuter
german net currency reserves rise west german net currency reserves rose mln marks third week march billion following fall billion marks previous week bundesbank said non currency reserves unchanged billion marks bringing net monetary reserves billion reuter
affiliates finds natural gas affiliates inc said found natural gas ship located miles offshore louisiana gulf mexico discovery well oil corp g well number one drilled feet water total depth feet found feet net gas pay foot gross sand interval company said well tested gas rate mln cubic feet day inch choke pounds flowing pressure gas sales begin first quarter said unit operator owns pct working interest well owners new england electric system unit pct stake southwestern energy production co pct reuter
co st qtr feb loss shr loss cts vs loss cts net loss vs loss sales vs loss reuter
national semiconductor corp rd qtr loss march eight shr loss cts vs loss cts net loss mln vs loss mln sales mln vs mln avg shrs mln vs mln nine mths shr loss cts vs loss one dlr net loss mln vs loss mln sales billion vs billion avg shrs mln vs mln note twelve week periods prior year results restated change method revenue distributor shipments quarter net loss originally reported mln dlrs cts shr sales mln dlrs nine mth loss mln dlrs dlrs shr sales billion dlrs prior nine mths net includes mln dlr gain cumulative effect accounting change prior year net includes extraordinary credits dlrs quarter dlrs nine mths current year net periods includes mln dlr pretax charge previously announced restructuring systems semiconductor group manufacturing operations reuter
white house says trade bill generally good white house spokesman marlin fitzwater said administration trade bill cleared house subcommittee yesterday generally felt good bill generally feel good consideration trade legislation think progressing well told reporters wide areas agreement areas disagreement said reuter
publishers equipment deal publishers equipment corp said reached agreement printing technology newspaper n j said mid target date start new equipment double size present press reuter
mellon bank says cut dividend cts shr cts
woodside petroleum ltd year shr nil vs final yr div nil vs pre tax pre minorities loss mln dlrs vs profit mln net attributable loss mln dlrs vs loss mln sales mln vs mln income mln vs mln shrs mln vs note attributable net loss tax mln dlrs vs mln interest mln vs mln depreciation mln vs mln minorities mln vs mln net extraordinary loss mln vs loss mln reuter
general partners raise bid gencorp gy general partners said prepared raise bid gencorp inc dlrs cash per share dlrs per share letter general partners william reynolds chairman chief executive officer gencorp company stated gencorp could prove company worth general partners would willing consider even higher price general partners also left open possibility alternative cash offer general partners told gencorp believed shareholders would better served smaller cash price security representing continuing long term interest gencorp prospects would willing discuss alternative specifically general partners said prepared discuss acquisition giving shareholders continuing interest general valued business gencorp reuter
measurex corp st qtr net shr cts vs cts qtrly div six cts vs cts prior net vs revs mln vs mln avg shrs mln vs mln note pay dividend march shareholders record feb reuter
u shoe inc th qtr shr cts vs cts
pratt prat offer resorts expires acquisition co unit pratt hotel corp said mln dlrs per share tender offer shares class b common stock resorts international inc expired today shares tendered insufficient number shares satisfy condition pct voting power tendered earlier week new york developer donald trump made competing bid class b shares reuter
service control bids american service service control corp said started tender offer shares american service corp dlrs newspaper advertisement company said offer withdrawal rights expire april nine unless extended american service board approved offer followed merger price service control said offer conditioned receipt least shares said holders shares agreed tender shares offer granted service control option buy dlrs reuter
dynamics corp settlement cts cts dynamics corp america said reached agreement cts corp resolving differences two companies said result settlement cts special board committee stopped soliciting orders purchase cts dynamics owns pct cts outstanding stock said agreed limit shareholdings pct outstanding shares year following company annual meeting dynamics said cts board recommend cts shareholders vote annual meeting favor company paying dynamics dlrs cts costs granting dynamics option buy enough cts common dlrs share give ownership pct outstanding stock dynamics said price stock option exercisable one year based average closing price stock five days ending march two dynamics said cts chairman george f assume additional title president former president robert director chief financial officer gary b ted ross donald j dynamics said cts board reduced seven members eight remaining four members current board three representatives dynamics new directors reuter
boliden takes allis chalmers division swedish mining metals group boliden ab said would buy mining equipment operations u allis chalmers corp amounting pct group sales mln crowns boliden president kjell nilsson told news conference acquisition allis chalmers unit described world leading producer equipment mineral processing industry would yield positive effects boliden mining metals engineering operations nilsson said takeover provide opportunities cooperate mining materials handling operations boliden parent company trelleborg ab said allis chalmers selling needed new cash suffering big losses farm equipment operation deal subject approval allis chalmers annual meeting company officials said reuter
air canada courier buy sharply industry air canada mln u dlr acquisition gelco corp gec canadian unit dramatically altered canada fast growing courier industry largely dominated u companies year company officials analysts said state owned air canada takes country second largest overnight courier business two months another canadian company capital corp ltd approved acquisition number one purolator courier ltd new jersey based purolator courier corp pcc analysts said two acquisitions prompted financial restructuring undertaken u parent companies likely represent industry trend toward buying foreign owned courier operations case whether buy right people right time young ltd transportation analyst tony commented two acquisitions fit larger move u companies take restructuring sell canadian units generate ready cash said thomson inc analyst harold good u parent selling canadian subsidiaries u parent either taking someone else said gelco corp minnesota decided sell gelco express ltd part previously announced program sell four operating units buy back shares pay debt gelco express marketing vice president james told reuters sale first gelco divestiture program proceeds used help pay mln u dlrs debt year end company said company officials declined disclose earnings revenue figures said gelco express holds dominant position industry handling packages day generating revenues mln canadian dlrs year earlier move purolator sell canadian unit formed important part company restructuring program adopted another canadian company unicorp canada corp acquired pct stake purolator said would consider acquiring whole company last month purolator agreed acquired company formed e f hutton lbo inc certain managers purolator u courier business air canada acquisition gelco canadian courier business represents excellent financial investment market sees growing pct annually spokesman said airline also announced acquired pct stake ems corp calgary city service disclose financial terms said two acquisitions totalled mln canadian dlrs two business combined yearly revenues mln dlrs said acquisition fit air canada strategy seeking attractive investments main airline business gelco continue operate current management independently air canada although air canada already operates air cargo business includes small door door courier operation well run good investment well growing market way want keep said analyst said gelco purolator canadian units likely retain operating links u delivery network generating traffic former parent companies without tie capital canada nature business traffic revenue said sort maker business put place money make added reuter
krung thai bank take sayam bank state owned krung thai bank ltd start taking state owned sayam bank ltd complete process year finance minister told press conference said takeover decision made week stem current heavy losses sayam avoid competition two state owned institutions minister said existing sayam bank branches merged krung thai counterparts others continue operating krung thai name sayam bank existed since august finance ministry took named asia trust bank ltd sayam president told reporters last month bank posted loss mln baht end bank billion baht assets th among thailand local commercial banks said sayam bank trying six seven billion baht loans extended previous private management taking legal action another four five billion baht doubtful debts krung thai thailand third largest bank reuter
central corp st qtr jan net shr cts vs cts shr diluted cts vs cts net vs sales mln vs mln avg shrs vs avg shrs diluted vs reuter
h f co qtly dividend shr cts vs cts prior qtr pay june one record may reuter
laenderbank ag vi parent bank net profit mln schillings vs mln parent bank balance sheet total billion vs billion parent bank cash flow mln vs mln dividend pct vs pct nominal share capital billion vs billion cons banking balance sheet total billion vs billion reuter
arden international note period ended december earnings exclude losses discontinued operations dlrs one ct share vs dlrs three cts share year earnings exclude gains tax loss carryforwards dlrs one ct share vs dlrs two cts share quarter dlrs one ct share vs dlrs four cts share year reuter
global raises heavy fuels prices global petroleum corp said today raised posted prices numbers six fuel cargoes new york harbor cts dlrs per barrel depending grade effective today new prices pct sulphur dlrs pct sulphur dlrs one pct sulphur dlrs cts two pct sulphur cts pct sulphur dlrs cts pct sulphur dlrs company said reuter
bhp sees strong fourth quarter lower year net broken hill pty co ltd brkn said expects strong full year result helped investment allowance credits fourth quarter net fall short record mln dlrs earned ended may group earlier reported net earnings dropped mln dlrs first three quarters ended february mln year earlier third quarter net fell mln dlrs mln year earlier mln second quarter ended november bhp said statement earnings first nine months lower end share analysts forecasts yesterday range mln mln dlrs bhp held annual dividend unchanged cents declaring steady final dividend cents announced one five bonus issue shareholders registered may bonus made reserves qualify tax free distribution introduction dividend imputation next july bonus shares rank final dividend bhp said bhp said expected present rate dividend maintained increased capital level future dividends influenced implications proposed dividend imputation legislation said previously reported dividends become tax free shareholders hands provided paid profits full pct company tax rate bhp confined comment third quarter said petroleum net earnings dropped mln dlrs mln year earlier steel profit mln mln bhp said petroleum division earnings fall reflected generally lower oil prices sales volumes bass strait steel decline due five pct fall domestic sales higher costs associated new plant operational difficulties rise third quarter minerals net mln dlrs mln year earlier largely reflected increase ownership mt newman iron ore project said mln dlr extraordinary gain third term reflected mln profit sale blue circle southern cement ltd offset u oil acreage writedown reuter
philips electrical sells stake philips electrical ireland ltd arranged sale one mln ordinary shares holds subsidiary aluminium ltd said placing arranged allied irish investment bank plc ex dividend price irish pence per share reuter
lone star agrees buy concrete operations lone star industries inc said agreed acquire ready mixed concrete aggregates businesses international inc portland ore undisclosed amount cash lone star one statement gave details company spokesmen available reuter
renault pa yr ended dec consolidated net loss billion francs vs loss billion consolidated net turnover billion francs vs billion consolidated debt billion francs vs billion net loss car making billion francs vs loss billion net loss industrial vehicles mln vs loss billion note company said consolidated net loss costs provisions restructuring billion francs includes exceptional items arising planned sale stake american motors corp amo chrysler corp c full company name nationale des renault reuter
shareholders vote reverse split cos inc said shareholders approved one reverse stock split expected become effective april company said reverse split reduce outstanding shares six mln mln reuter
mulford says g wants stability treasury assistant secretary david mulford said paris agreement among leading industrial nations intended produce reasonable stability exchange markets next months told senate banking subcommittee group five nations canada agreed paris see period reasonable stability instead volatility give time paris take place asked sen gramm r tex whether u intervention fact dollar mulford replied administration economic adjustments current exchange rates reflect underlying economic fundamentals particular stability sought nations would allow west germany japan stimulate economies domestically u cut budget deficit mulford said testimony stressed sharp fall dollar would hurt ability germany japan boost growth mulford noted half west germany economy affected international developments also said increased japanese domestic growth would result u exports japan would necessarily lead greater japanese capital flows u gramm japan domestic capital market commenting paris agreement mulford said think exchange rates ought stabilized germany japan efforts carried mulford rejected gramm argument faster domestic growth germany japan would result even lower dollar mulford said administration wanted achieve pattern higher growth overseas way improving u trade deficit otherwise said trade deficit would resolved either much lower dollar u recession alternatives termed unacceptable reuter
wessanen foresees strong profit growth dutch dairy general foods manufacturer koninklijke wessanen nv said planning world wide acquisitions strong profit growth next years company chairman van driel told journalists presentation wessanen report already expected first quarter profits show increase company last month reported pct increase net profits mln guilders mln achieved despite pct drop dollar guilder value van driel said van driel said profits would nine mln guilders higher us currency remained average level guilders turnover billion guilders mln guilders lower dollar lower raw material prices total turnover billion guilders us activities accounted pct turnover compared pct wessanen separate businesses us total world wide van driel said company would continue active takeover policy us would wary paying current price earnings ratio times net profit added wessanen teams seeking acquisition possibilities brazil taiwan thailand china said company ample mln guilders would necessary make new share issues van driel said expected us turnover mln dlrs said balanced foods green dairy taken late last year combined annual turnover mln dlrs included account sectors saw strong growth resulting pct increase operating income mln guilders key growth successful introduction new products greatly enhanced number consumer oriented us acquisitions van driel said consumer products represented pct total turnover compared pct van driel said company already listed london zurich geneva stock exchanges well amsterdam aims quoted frankfurt may van driel said van driel stressed would accompanied new share issues provided easy vehicles company raise capital future expansion estimated pct company shares foreign hands company us turnover mln dlrs made listing one new york exchanges logical next step van driel said without elaborating despite ec dairy restrictions wessanen produces around pct dutch saw good growth prospects dairy sector within europe van driel said reuter
right inc th qtr oper net oper shr five cts vs cts oper net vs revs mln vs mln year oper shr cts vs cts oper net vs revs mln vs mln note oper data include th qtr extraordinary credit dlrs th qtr extraordinary loss dlrs five cts per shr year include extraordinary credit dlrs three cts per shr dlrs five cts per shr reuter
bancorp sets initial dividend bancorp inc said board declared initial dividend cts per share payable april holders record april six reuter
accord said sight brazil seamen strike accord sight brazil day old national seamen strike seriously delayed exports union official said official speaking strike headquarters rio de janeiro said brazil seamen still strike said others returned work last week accepting pay offers pct four private companies de part state owned oil company petrobras association grouping private shipowners also offered pct talks far payment overtime union official said believed issue would resolved shortly reuter
sumita says little room bank ease policy bank japan governor satoshi sumita said little room left central bank ease credit policy interest rates levels approaching lower limit government instead seek ways making best use fiscal policy told press conference remarks concerned comprehensive economic package government plans adopt coming days recent talks among six major industrialised nations paris japan promised work comprehensive economic package boost domestic demand turn would help increase imports reduce trade surplus sumita also said economy show gradual upturn second half year yen remains stable said caution foreign exchange market rise yen mark recent stability currency markets conflicting economic indicators u also market activity added reuter
world zinc stocks fall tonnes february world closing stocks primary zinc smelters excluding eastern bloc countries fell tonnes february tonnes revised january compared february provisional european zinc institute figures show february closing stocks primary zinc european smelters excluding yugoslavia fell tonnes revised january compared february total world zinc production excluding eastern bloc countries fell tonnes february revised january february production tonnes european zinc production including estimates yugoslavia fell tonnes february january compared february reuter
german cost living falls march year ago cost living west germany provisionally unchanged march compared february fell pct march federal statistics office said february cost living rose pct january fell pct compared february office said final figures march released days reuter
corp year loss shr loss cts vs loss cts net loss vs loss revs vs avg shrs vs reuter
irish industrial production index pct ireland industrial production index stood december year year rise pct central statistics bureau reported november index base stood showing rise pct year year basis reuter
u k clearing bank lending rises billion stg clearing bank sterling lending u k private sector february estimated risen underlying seasonally adjusted billion stg billion stg rise january banking information service said unadjusted rise billion stg compared mln stg increase january banking information service said adjusted rise billion stg well recent monthly average billion stg increase mln stg accounted personal lending banking information service said taken entirely lending home purchases lending consumption fell around mln stg mln stg credit card debt repaid month lending manufacturing industry mln stg leasing companies mln stg banking information service said february fell within tax season much lending probably result industry need pay tax bills deposits private sector rose unadjusted billion stg february seasonally adjusted billion stg deposits public sector rose mln stg february deposits overseas residents rose mln reuter
comprehensive care corp quarterly div qtly div nine cts vs nine cts pay may record may reuter
inc regular payout qtly div three cts vs three cts prior pay march record february reuter
doe secretary favors higher fill rate energy secretary john herrington said believes reagan administration review decision cut fill rate strategic petroleum reserve department report issued yesterday warning growing u dependence oil imports part study think administration take fill rate review herrington said house energy subcommittee hearing administration proposed cutting fill rate barrels oil per day bpd fiscal year save money personal feeling low favor maximum fill rate bpd herrington said reuter
gencorp takes action stock dividend gencorp inc said board took action respect two pct stock dividend annual meeting yesterday due press business specifically company pending takeover offer general acquisition corp formed afg industries inc wagner brown spokesman said two pct stock dividend normally issued year issued february company examining dividend alternatives management said would give consideration matter later time yesterday company chairman william reynolds told shareholders would presenting alternative dlrs share takeover offer within week reuter
ibc closes export registrations exporters brazilian coffee institute ibc tonight closed export registrations exporters said said heard closure ibc officials officials could reached immediately confirmation earlier ibc statement said registrations may month open today totalled mln bags kilos bring total registered month mln reuter
wall street stocks supermarkets general sgl dart group corp darta wants acquire supermarkets general corp billion dlrs likely give without fight target seeks another buyer arbitrageurs said speculation dart offer dlrs per share could beginning bidding contest helped supermarkets shares gain one mln shares one rumor federated department stores inc taking look supermarkets general policy comment rumors speculation nature federated spokeswoman said arbitrageur noted dart controlled chairman herbert h robert last year raised initial bid safeway stores approximately pct safeway resisted however company later sold buyout group topped hafts history repeats hafts could raise bid dlrs rebuffed supermarkets general arbitrageur said another arbitrageur said hafts present bid seemed quite fair said offer amounts times tax cash flow probably fully priced reuter
datron corp th qtr net shr cts vs cts net vs rev mln vs mln year shr cts vs cts net vs rev mln vs mln reuter
adsteam rights issue raise mln dlrs co ltd adsteam said one five rights issue dlrs share raise mln dlrs general working capital investment australia overseas group announced issue first half earnings said statement rights issue followed one four bonus issue adsteam equity accounted net earnings rose mln dlrs half ended december mln year earlier interim dividend cents adsteam shares eased dlrs opening yesterday close issue announcement issue underwritten morgan grenfell australia ltd ltd apart shares taken adsteam associate largest shareholder department store retailer david jones ltd new shares rank interim dividend rank equally thereafter adsteam said expects maintain annual dividend rate cents capital enlarged mln shares issues mln adsteam said industrial interests generally performed well results ultimate holding company reflected solid performance david jones owned pct adsteam earned largest associates net mln dlrs half mln year earlier adsteam figures show wholly owned joint venture companies also well apart timber building supplies real estate returned budget profits due housing downturn adsteam said sees year reconstruction consolidation capital base boosted issue reuter
l air pa year ended dec parent company net profit mln francs vs mln dividend francs vs note company said dividend would apply shares issued capital increases means pct rise total dividend payments mln francs results mln previous year reuter
colonial clbga acquire pensacola bank colonial bancgroup said liberty bank pensacola fla signed letter intent colonial acquire liberty terms acquisition colonial said acquisition first move toward acquiring state bank alabama regional interstate banking law liberty total assets mln dlrs reuter
canada industrial prices pct month canada industrial product price index rose pct january falling pct two previous months statistics canada said rise led price gains papers pharmaceuticals petroleum coal products price declines recorded meat products lumber motor vehicles year year basis federal agency said index fell pct january largest yearly decline record reuter
major swiss banks raise customer time deposit rates point three pct credit suisse
lee sees first quarter loss lee inc said expects report loss lower sales anticipated first quarter company earned dlrs dlr tax credit sales dlrs year ago period
seeks majority pier stake inc together one subsidiaries already holds pct stake pier imports inc told securities exchange commission plans acquire majority company voting stock said already holds pier common shares pct pier holdings inc holds shares pct said also shares pier preferred stock pct outstanding pier holdings shares pct reuter
csx csx unit sets improved shipping service csx corp sea land corp unit said offer improved services puerto rico east coast gulf coast united states beginning march carrier said provide shorter door door transit times cargo availability better rail traffic moving puerto rico north america reuter
federal reserve weekly report feb two weeks ended feb daily avgs mlns net free reserves vs bank borrowings vs including seasonal loans vs including extended loans vs excess reserves vs required reserves vs required reserves vs total reserves vs non borrowed reserves vs monetary base vs reuter
group pct unicorp american uac two affiliated new york investment firms investment advisor told securities exchange commission acquired shares unicorp american corp pct total outstanding group includes mutual shares corp said bought stake mln dlrs investment purposes intention seeking control unicorp american reuter
brierley bids dollars share progressive brierley investments ltd bil launched full takeover bid supermarket group progressive enterprises ltd dlrs share bil said statement offer conditional minimum acceptances totalling mln shares pct mln progressive shares issue progressive currently involved proposed merger rainbow corp ltd rainbow earlier week raised stake progressive pct bil opposes rainbow merger analysts say bil needs pct stake progressive prevent merger involves shareholders progressive rainbow receiving shares new company astral pacific corp ltd one one exchange basis bil bid higher dlrs bil said would offer first announced monday would make full bid progressive follows much public debate bil rainbow bil chief executive paul collins said last week opposes rainbow progressive merger bil sees progressive shares worth twice much rainbow bil disclosed many progressive shares holds rainbow said merger soundly based chairman allan hawkins said last week bil actions aimed merger interests progressive shareholders rainbow progressive boards approved merger proposal also approved commerce commission bil bid still subject commission scrutiny progressive shares ended dlrs rainbow bil close new zealand stock exchange trading today reuter
nippon light metal continues aluminium output cut nippon light metal co ltd annual capacity tonnes continue primary aluminium production rate tonnes owing low domestic world prices low water supplies power plant company official said nippon plans restore output tonnes year working late become japan smelter light metal industries ltd stop smelting april owing high power costs low prices mitsui aluminium co ltd said stopped smelting february reuter
geneva negotiators u n conference agree basic elements new rubber pact chairman
bank england operate money market bank england said operated money market morning session earlier bank revised forecast liquidity position flat original estimate mln stg surplus reuter
novo earnings fall despite increased sales danish based producer novo co said pre tax earnings fell almost pct though sales rose two pct pre tax figure fell mln crowns mln sales increased billion billion giving net earnings mln crowns mln earnings per crown share went crowns crowns company proposed unchanged pct dividend foreign exchange fluctuations significant factor behind developments result tax novo said statement u dollar also currencies essential novo fell relation danish crown statement added november novo purchased pct shares heads group research development central nervous treatment sale pharmaceuticals scandinavia mln crowns paid goodwill limited effect result novo statement said reuter
rospatch corp rejects offer diagnostic retrieval systems inc
u commercial paper rises billion dlrs march week fed says
tie communications inc tie th qtr loss oper shr loss dlrs vs loss cts oper net loss mln vs loss mln revs mln vs mln mths oper shr loss dlrs vs loss dlrs oper net loss mln vs mln revs mln vs mln note qtr yr loss reflects pretax loss mln mln included writedown inventory restructuring charges amounting mln mln tax gain qtr yr loss pretax loss mln mln included writedown inventory restructuring charges loss sale division amounting mln mln tax gain mln qtr excludes estimated loss disposal leasing corp sold july well operating results prior date year current prior excludes loss respectively estimated loss disposal leasing corp qtr year current excludes foreign tax respectively payment would required absence foreign operating loss carryforwards prior years reuter
japan february consumer prices unchanged pct january drop official
energy co sets regular payout qtly cash distribution five cts vs five cts prior pay april record march reuter
u house panel votes ease export controls key house panel voted greatly ease government controls exports several house committees moved rapidly toward approval major changes trade laws hope help solve u trade house foreign affairs subcommittee international economic policy voted direct administration cut list controlled exports per cent removing items longer considered important u military security industries complained losing sales foreign competitors allowed export products u companies could sell abroad issue subject administration debate commerce department held unnecessary restrictions u exports defense department said current controls retained better four congressional met today consider portions trade bill intends help u companies sell products abroad fight unfair foreign trade practices separate proposals conflicting house democratic leaders final trade bill vote full house late april sparked proposal fujitsu ltd take controlling interest schlumberger ltd fairchild semiconductor corp house energy commerce subcommittee commerce voted expand reagan authority block foreign takeovers u companies reagan would able block takeover found damaging u economic national security interests losing semiconductors heart national security subcommittee chairman james new jersey democrat said subcommittee also called administration consider retaliation japan restrictive government procurement practices retaliation could triggered requirement administration investigate whether u companies treated unfairly whether barred bids public works projects eight billion dlr kansai airport construction u firms complained allowed bid construction urging u recording industry subcommittee agreed bar imports new japanese product digital audio recorders meeting closed session house ways means committee agreed allow president reagan retaliate foreign countries open markets u telecommunications products congressional aides said committee also agreed u companies would allowed press relief imports products made violation u patent laws reuter
api says distillate stocks mln bbls gasoline mln crude mln
boliden announce major corporate takeover official boliden ab blds st mining metals group said announce major foreign corporate takeover today involving company annual turnover two billion crowns boliden spokesman told reuters details announcement would given news conference chairman gmt today said company involved employed people declined name takeover price say field firm operated share analysts said expected boliden announce taking u allis chalmers corp ah company officials refused confirm reports ahead news conference reuter
continental health purchases continental health affiliates inc said acquired inc pct partner nutrition services continental said nutrition services joint venture physicians providing patient ready home infusion therapy products services five northern new hospitals representing continental said terms deal disclosed reuter
consolidated bathurst sees better market consolidated bathurst inc said expects improvement pulp paper sector shown second half continue year continued improvement would due good market demand better product prices high operating capacity company said annual report consolidated bathurst reported operating profit mln dlrs last year sales billion dlrs said joint venture acquisition market pulp mill b c last year product range contribute equity earnings last year results operating profit mln dlrs sales billion dlrs company said views near term prospects improved optimism said results newsprint mill u k improve greatly year due stronger capacity production favorable market conditions said anticipates return profitability diamond bathurst inc subsidiary lost mln u dlrs reorganization last year expects higher sales earnings north american packaging divisions consolidated bathurst said outlook unit mixed said effect trade disputes united states european economic community west german economy higher value mark may lead increased costs could offset price increases reuter
bally completes purchase golden nugget bally manufacturing corp said completed acquisition golden nugget casino hotel atlantic city new jersey golden nugget inc bally also acquired golden nugget various real estate atlantic city noted transaction included mln dlrs cash stock assumption mln dlrs mortgage reuter
closure bp sweden refinery forecast swedish finance ministry committee forecast british petroleum plc bp l may close refinery anticipated swedish petroleum industry competitiveness said report future swedish refining business bleak due steady drop domestic oil consumption since mid possible tightening rules sulphur content competition norway facility den norske stats statoil stat ol expansion completed committee said bp refinery de plant likely closed sold unless costly investments made enhance facility capacity refine broader range products committee noted capacity recent years european refining industry average bp plant sweden state owned petroleum ab pct started annual capacity mln tonnes nobody british petroleum immediately available comment
nordbanken auction fermenta shares sweden nordbanken banking group said would sell mln b free shares deposited loan collateral fermenta ab st founder former chief executive el planned buy bank said sale public auction march debtor inability repay overdue loan b free shares closed crowns bourse list peak january nordbanken said exclude accepting suitable bid shares although expected buy back statement said sale represent withdrawal nordbanken towards fermenta group main shareholders nordbanken fermenta third largest creditor loans mln crowns one four swedish banks last month agreed advance group mln crowns solve immediate liquidity problems together two main shareholders also advanced fermenta additional mln crowns new equity issue could made fermenta due hold extraordinary shareholders meeting tuesday approve planned equity issue nordbanken make provision mln crown loan el results fermenta new management originally hoped raise mln crowns new one four rights issue extra mln issue nordbanken another major creditor shareholder group new majority owner ab share price crowns doubt plans since stock fell level week fermenta former chairman kjell said company much worse state thought reuter
divest test product unit inc said decided divest test products division located santa company said entertain offers march also said steven company founder president test division made offer purchase unit company test division accounted ten pct total revenues year ended sept currently running revenue rate two mln dlrs per year said reuter
inc th qtr jan net shr cts vs cts net mln vs mln revs mln vs mln year shr cts vs cts net mln vs mln revs mln vs mln reuter
dreyer grand restates quarter loss dreyer grand ice said restated previously reported fourth quarter loss dlrs cts per share decided take charge dlrs provide losses midwest distributing co acquired december dreyer said restatement reduces net income full year dlrs cts per share company said restatement indicate change thinking benefits acquisition future prospects midwest distributing markets dreyer grand previously reported earnings dlrs cts per share dlrs dlrs share first nine months year earned dlrs cts per share dlrs cts share year reuter
hayes delays special meeting hayes corp said delayed special meeting shareholders vote merger harvard industries inc march march due delay securities exchange commission clearance proxy materials reuter
dow chemical dow sell south african unit dow chemical co said agreed principle sell industrial chemicals plastics business interests south africa related assets group south african investors undisclosed terms completing sale company south african assets dow said continue support educational health programs south african reuter
mlx unit agrees abex unit mlx corp said subsidiary tentatively agreed acquire friction materials business milan italy unit abex corp undisclosed terms deal close obtaining italian government approvals expected late april business operated name k become member mlx specialty friction materials group business manufacturer high energy friction materials heavy duty reuter
cooper development restates results cooper development co said revised results year ended october loss mln dlrs dlrs per share previously reported loss mln dlrs cts per share restatement made change method accounting combination several company controlled concerns resulted mln dlr charge cooper development said last august cooper development combined cooper inc unit cooper laboratories subsidiary instruments corp company acquired revlon inc rev cooper spokesman said spokesman said transaction accounted acquisition securities exchange commission took issue accounting method said accounted reorganization entities common control treatment requires costs associated transaction expanded rather capitalized intangible asset company said also said since charged required previously accrued liabilities company experience resulting material change cash flow reuter
brazilian fcoj official welcomes u duty cut mario peres president brazilian association citrus juice industries welcomed decision u commerce department sharply cutting duties imported frozen concentrated orange juice fcoj brazil speaking telephone sao paulo peres said decision u government recognised brazilian exporters never intention dumping final ruling yesterday u government eliminated duties shipped cutrale cut pct duty duties pct set last october peres said brazil enough orange juice meet needs major clients stock would like certainly enough orange juice available supply buyers peres said declining estimate amount current stock keep secret part strategy added peres said price policy orange juice based market conditions nothing better free trade policy said cutrale officials immediately available comment reuter
alusuisse plans pct capital cut schweizerische aluminium ag alusuisse plans reduce share participation certificate capital pct cover losses carried forward previous year chief executive hans jucker said jucker told news conference greatest drain financial resources stopped extraordinary charges net loss mln francs slightly mln loss previous year losses carried made necessary reduce capital pct said however jucker said company improved liquidity recovery cash flow conversion mln swiss francs credit subordinated loan trading alusuisse shares suspended zurich stock exchange today announcement company would cut share capital pct bourse said trading would resume monday reuter
ec says u broke trade rules akzo dupont row european community commission charged united states breaking international trade rules excluding dutch made fibres u market said would take issue world trade body gatt latest series trade disputes washington executive authority alleged section u tariff act gatt general agreement tariffs trade imported products favour domestically produced goods commission said would ask geneva based gatt rule whether section question officials said proved many ec exporters rules commission officials rule retaliatory measures gatt decision washington failed bring disputed section line international rules executive decision go gatt follows complaint dutch company akzo akzo whose synthetic fibres u market charges u firm dupont fibres violate american company patents akzo alleged ban imposed u international trade commission itc discriminatory gatt provisions dispute centres fact section u tariff act gives itc jurisdiction imported products ec commission charged ec producers possibilities defending itc would normal u court consequently procedure followed less favourable takes places normal courts law goods produced united states said statement reuter
sets two one split lp said board declared two one split class units payable shareholders record april said certificates distributed two weeks record date reuter
medtronic inc sets payout qtly dividend cts vs cts pay april record april reuter
non communist february aluminium output ipai non communist daily average aluminium production february tonnes tonnes revised tonnes january compared tonnes february provisional figures international primary aluminium institute ipai show total production february days tonnes compared revised mln january days february regional breakdown aluminium production follows thousands tonnes ipai said feb jan feb africa north america latin america east asia south asia europe reuter
algerian spanish firms agree price algerian spanish producers together meet pct western market needs agreed apply minimum selling price dlrs per unit algerian news agency aps said agreement made meeting last week algeria nationale des non et enof spain almaden discuss market situation two firms took note regret prices quoted specialised publications reflect reality whole market since take account part deals made statement enof said result prices quoted far away two firms production costs thus decided selling price would linked prices quoted publications sales would made minimum price dlrs fob per close production cost statement said added turkish producers would join two firms meet later month price london metal exchange around dlrs week reuter
correction macandrews forbes holdings new york story headlined macandrews forbes holdings bids revlon read headline first paragraph macandrews forbes considers bid revlon first paragraph macandrews forbes holdings inc said considering making proposal corrects bids revlon headline offer first paragraph
brown group inc votes regular dividend qtly div cts vs cts prior qtr pay april record march reuter
u k intervention board details ec sugar sales total tonnes current series white sugar received export rebates maximum european currency units ecus per kilos today european community ec tender u k intervention board said traders france received tonnes west germany belgium u k denmark netherlands spain tonnes added earlier today london traders expected subsidy current season whites campaign licences end around ecus per kilos french traders put rebate around ecus traders also forecast today total authorised sugar tonnage export awards tonnes versus last week restitution ecus total export campaign weeks stand tonnes reuter
ecuador says suspends oil exports due earthquake ecuador today suspended crude oil exports indefinitely due earthquake last night damaged pumping crude transport installations energy mines ministry statement said said state oil firm cepe notified foreign customers declaring force majeure crude exports due tremor ecuador opec oil output quota barrels per day bpd senior energy ministry official said one pumping station el ecuador main pipeline damaged also said section pipeline attached bridge river collapsed pumping station km near quake ecuadorean said registered six point international scale bridge also close said quake struck northern southern colombia according ecuadorean officials reported reuter
yeutter importance trade talks u trade representative clayton yeutter stressed importance trade negotiations open foreign markets rather trade restrictions statement senate finance committee long term cannot repeatedly nations opening markets threats u restrictions rather must able negotiate global liberalization yeutter said yeutter mention recent u trade sanctions japanese semiconductors testimony pending trade bill yeutter said trade bill increase u competitiveness aid u trade negotiating leverage avoid foreign retaliation urged congress reject provisions would mandate u retaliation foreign unfair trade practices yeutter emphasized importance new multilateral trade negotiating round called congress quickly approve extension u negotiating authority want open foreign markets establish enforce rules international competition foster dependence protection subsidies said reuter
cocoa buffer stock may face battle trade international cocoa organization icco buffer stock could face battle halt world cocoa prices begins buying operations next weeks cocoa traders said traders said believed buffer stock purchases could reach tonnes matter weeks without lifting prices significantly given amount surplus cocoa overhanging market buffer stock may begin buying shortly icco day average indicator price special drawing rights sdr per tonne must buy level rules governing buffer stock operations agreed last month icco council buying begin buffer stock manager completed preparations traders said traders said buffer stock manager may delay buffer stock buying mid end april changes months used calculate icco indicator may lift day average sdr must buy level icco indicator price calculated average second third fourth positions london new york futures markets daily price sdr per tonne yesterday months used currently indicator may july september set change july september december april prior may becoming new york spot month traders noted introduction december calculations may lift daily sdr price december currently quoted stg may london terminal market buffer stock manager would wait higher daily price feed day average indicator activities traders said buffer stock manager obviously looking implications delaying forward prices lift indicator since might mean buy less cocoa analyst leading cocoa trade house said traders said buffer stock purchases could reach tonnes fairly quickly buying starts purchases reach level within six months buying suspended pending icco council review price ranges cocoa market said buffer stock may benefit recent forecasts poor brazilian bahia temporao crop mln two mln kilo bags initial expectations three mln lower expected brazilian crop may cut world surplus tonnes compared recent forecast icco statistics committee tonnes traders said circumstances buffer stock may need buy tonnes lift prices must buy level dealers said icco buffer stock rules may put constraints quickly effectively buffer stock manager remove cocoa market buffer stock system price differentials set according quality pct limit purchases non members could limit buffer stock scope action dealers said cocoa readily available buffer stock nearby store material malaysian ivory coast origin buffer stock buy pct malaysian cocoa malaysia icco member purchases nearby cocoa reach pct one day forces buffer stock buy intermediate forward shipment material limits buffer stock purchases nearby non member cocoa reduce impact terminal prices pressured overhang malaysian material traders said buffer stock purchases forward shipment cocoa quality producers ghana limited impact futures likely widen physical market premiums cocoa futures ghana premium terminal risen stg stg month ago partly anticipation buffer stock buying dealers said buffer stock may help terminal market provide quality cocoas one trader said traders cautioned views impact buffer stock one could hope predict result would buffer stock buying help prices since buffer stock already holds tonnes previous cocoa agreement market surplus dealers expressed doubts purchases counter bearish pressure june icco due discuss rules withholding scheme additional market support mechanism reuter
india trade deficit falls india trade deficit provisionally estimated billion rupees first months fiscal ending march compared billion year ago period commerce ministry said exports rose latest period billion rupees year earlier billion imports billion billion period figures show trade deficit provisionally estimated around billion rupees estimated record billion actual billion commerce minister p told reporters last month reuter
national bancorp inc year end loss oper shr loss dlr oper loss dlrs note prior year results available company completed public offering april reuter
alusuisse group net loss mln swiss francs loss mln
entertainment publications sees loss entertainment publications inc said expects tax loss cts share third quarter disposal three units closed company said board approved plan discontinue operations three subsidiaries primarily involved direct mail marketing discontinued units likely meet growth profit goals company future entertainment publications said three units lost dlrs cts share six months ended december reuter
sulpetro loss due writedowns asset disposals sulpetro ltd said fiscal year net loss mln dlrs dlrs per share due several factors largest writedown mln dlrs oil gas properties sulpetro also recorded writeoff deferred charges amounting mln dlrs loss mln dlrs disposal properties united kingdom equity loss mln dlrs affiliate exploration ltd also loss investments mln dlrs loss operations mln dlrs interest depletion depreciation income tax fiscal year ended october sulpetro net loss mln dlrs dlrs per share company also said non project financing irish heavy oil field remains default due continuing low oil prices reuter
westinghouse wx sees higher earnings growth westinghouse electric corp said earnings per share growth exceed sales growth double range company earned dlrs share revenues billion dlrs speaking meeting securities analysts douglas danforth westinghouse chairman said company sales growth target pct year given economic environment remains moderate growth course also said company make acquisitions specify particular targets paul e senior executive vice president told analysts plans call dlr acquisition even though balance sheet handle one despite identify major acquisition value creating westinghouse consider said company would consider acquisition candidate area westinghouse businesses danforth said focused several key areas including defense electronics financial services broadcasting electrical products services construction industrial utility markets danforth added expects westinghouse sales grow faster markets serves surely faster gnp said earnings per share growth expected consistently exceed standard poor index return equity remain pct range leo w senior executive vice president finance told analysts consider buying back stock current plans buyback said company current level earnings could maintain higher debt levels westinghouse use debt capacity improve shareholder value last year westinghouse established mln dlrs restructuring reserve used plant writedowns items said company spent mln dlrs reserve spend mln dlrs reserves balance used also said capital expenditures mln dlrs reuter
belgium details pricing plan ecu gold coin european currency unit gold coins go sale tomorrow belgium priced premium seven pct value gold contain finance ministry spokesman said price calculated daily based daily gold fixing london belgium initial gold coins th anniversary european community treaty rome final production expected around coin contain grams fine metal two mln silver coins face value five ecus sold francs reuter
n z money supply rises pct january new zealand broadly defined seasonally adjusted money supply grew estimated pct january pct revised rise december pct rise january said unadjusted increased estimated billion n z dlrs revised billion december billion january year year rose pct january pct revised december pct january narrowly defined year year growth pct january pct december pct year earlier grew estimated billion dlrs billion december billion january year year private sector credit grew pct january pct revised december pct january grew billion dlrs billion december billion january reuter
plaza group completes merger transaction plaza group said completed transaction merged wholly owned subsidiary international inc inc public company return controlling interest completion merger changed name international inc annual sales mln dlrs engaged wholesale travel business reuter
near term brazil coffee moves expected brazilian coffee institute ibc unlikely disclose future export policy end next week earliest trade sources said ibc president jorio dauster meeting government ministers producers exporters market analysts assess brazil position light failure talks london earlier month set new international coffee organization ico export quotas failure talks means brazil got position completely one santos exporter said meeting national coffee policy council set thursday march dauster almost certainly explain plan members announcing new measures dauster told reporters return london last week decisions would made exports held talks sectors industry exporters said dauster great pressure start marketing coffee immediately world prices recovering lows followed collapse ico talks brazil sold reasonable mln bags kilos export first four months year exporters said key factor eventual opening may june export registrations amount contribution quota set little expectation sales incentive mechanisms discounts bonuses price fall guarantees introduced level quota determining competitiveness brazilian coffee world markets said noted february eve planned increase quota april registrations opened closed mln bags registered export record amount single day may june registrations opened similar conditions brazil would difficulty selling least mln bags per month problem would limit sales one exporter said brazil present foreign trade payments problems mean pressures government boost exports foreign exchange earnings however sources said expect ibc adopt marketing strategy aimed brazil dominant position exporter without causing price war general opinion among exporters brazil would plan export mln bags year mln would non members ico mln mln bags sold members would around figure brazil offered ship ico quotas reintroduced although dauster said offer expired breakdown talks prospects crop least mln bags year brazil capacity export mln bags meeting local consumption around mln sources added however sources said brazil unlikely even consider exporting quantities would almost inevitably lead fall world prices brazil tried producers markets maximum export earnings would achieved orderly marketing traditional amounts thus establishing brazil market share last year unusually low exports mln bags enabling rebuild stocks maintaining relations producer group backed brazil stance ico talks added reuter
travel inc st qtr feb net shr two cts vs nil net vs sales vs reuter
caesars world caw files suit sosnoff caesars world inc said filed lawsuit martin sosnoff mts acquisition corp regarding march unsolicited tender offer caesars world stock company said filed federal court central district california charging tender offer board rejected violated federal securities laws federal margin regulations suit charges offering materials materially false misleading material information required disclosed shareholders suit also charges offer designed market caesars world stock enable sosnoff sell caesars world stock already owns substantial profit complaint seeks among things enjoin tender offer require mts sosnoff correct false misleading statements offer caesars world expected seek friendly suitor restructure operations buy back sosnoff holdings attempt fight bid sosnoff holds pct company stock reuter
navistar higher earnings opinion navistar international corp stock rose brokerage house sanford c bernstein co raised earnings estimate company based expectations better truck orders truck tonnage traders said navistar led active list gain volume mln shares traders familiar opinion said david director sanford c bernstein co institutional strategy committee raised earnings estimates cts share current fiscal year ending october expects navistar earn dlrs share next year company lost cts share unavailable comment reuter
coffee futures dlr pound six year low coffee futures dipped closed one dlr pound first time six years coffee delivery may ended cents pound new york coffee sugar cocoa exchange cent lowest price since august prices fallen steadily since international coffee organization failed february reach agreement controlling exports members pressure renewed week executive board organization met london without reopening debate export quotas executive board limited current discussions administrative matters set thursday supplies pressed market dlrs pound february organization discussions aimed establishing export quotas broke sandra kaul coffee analyst new york shearson lehman brothers said supplies currently high point year producing nations completed harvests addition said many nations faced serious debt need sell coffee raise capital keep substantial pressure exporters undertake sales despite drop prices said u demand could sluggish winter period greatest consumption ending prices could fall another cents pound analysts said gold futures retreated modest early gains closed steady silver prices rallied commodity exchange new york increase u banks prime rates prompted concern renewed inflation strength u dollar discouraged new buying market getting mixed signals know way go one analyst said cattle futures posted new highs chicago mercantile exchange live rallied early losses frozen pork finished sharply lower cattle prices continued draw support winter storm plains states leaving animals fields feed lots condition live pressured early agriculture department report tuesday producers expanded market expected last quarter prices recovered keep pace higher cash prices frozen pork fell sharply outlook greater production closed limit losses soybean futures posted sharp gains chicago board trade corn wheat lower soybeans rallied response tuesday usda report farmers intend plant mln acres year mln planted last year corn prices pressured outlook mln acres corn last year mln acres larger analysts expected reuter
co sets payout qtrly div cts vs cts pay may record april reuter
japanese purchase u high tech firm opposed commerce secretary malcolm baldrige asked white house consider blocking planned japanese acquisition major u computer semiconductor maker u officials said yesterday officials told reporters baldrige serious concerns national security grounds sale schlumberger ltd slb unit fairchild semiconductor inc fujitsu ltd itsu officials said sale could leave united states overly dependent foreign company equipment used advanced missiles aircraft electronics intelligence gathering u officials added sale would also worsen strained relations two countries stemming huge japanese trade surplus white house economic policy council would consider sale coming weeks said defence secretary caspar weinberger position known past opposed transfer high technology foreign governments companies computers made u manufacturers widely used world tokyo told u negotiators recently local manufacturers would buy u supercomputers reuter
doe issues offer buy alaska power unit u energy department issued request proposals buy project major part alaska power administration said sent two alaskan electric utilities city state alaska possible purchase prices requests limited alaskan entities purpose administration put local utility hands local body doe said added proposals due back august three doe said days select proposal would recommend congress would vote recommendation proposals buy major part alaska power administration project expected issued early june said reuter
bank england one billion stg pct bank england said lent one billion stg discount market days pct brings banks total help today billion stg estimated shortage system today earlier estimated billion stg bank announcement morning willing lend two week money pct interpreted market lower u k base lending rates u k clearing banks took cutting base rates half point pct midday central bank lowered money market dealing rates amount reuter
time tl sees dilution scott foresman time inc said acquisition scott foresman co last year dilute earnings per share cts share full year first quarter acquisition negative impact cts per share chief financial officer bigelow told security analysts said scott foresman publisher contribute mln dlrs operating income depreciation amortization full year n j nicholas president chief operating officer said foresman mln dlrs revenue bigelow said business normally highest profit third quarter loss first quarter adverse impact mln dlrs book publishing income first quarter first quarter performance rest time inc better last year bigelow said dilution cts per share includes effects financing acquisition bigelow also said company comfortable estimates earnings dlrs dlrs per share year reuter
u k money market shortage forecast revised bank england said revised forecast shortage money market today mln stg mln stg reuter
revenue properties co ltd year loss shr loss eight cts vs loss cts net loss vs loss revs mln vs mln reuter
allwaste alws acquire service firm allwaste inc said agreed principle acquire outstanding stock company industrial service business mln dlrs common stock identify company acquired reuter
claremont tells sec seeks pct champion products stake two board seats
citicorp cci seeks cyclops cyl steel unit citicorp capital investors ltd unit citicorp said wants buy cyclops corp steel assets dixons group plc willing pay mln dlrs nearly mln dlrs offered assets alleghany corp disclosure citicorp unit interest cyclops industrial group came disclosure documents filed dixons group securities exchange commission alleghany industries inc unit agreed buy steel assets dixons group mln dlrs dixons group tendered outstanding cyclops shares dlrs share cash citicorp unit said higher offer came three dlrs cyclops share outstanding condition offer said dixons would increase cash price pay cyclops share dlrs cash dixons friday extended expiration time tender offer midnight est march reuter
neither side optimistic rotterdam port issues employers port union fnv meet afternoon attempt settlement six week old dispute rotterdam general cargo sector neither side optimistic spokesmen sides told reuters little progress made last night three hours talks sides largely positions still large gap employers fnv say expect reach agreement least still talking union spokesman said employers organization chairman jacques accused fnv refusing alter stance past two months fnv serious discussions really optimistic changing point view find afternoon fnv still accept necessary redundancies general cargo sector break talks redundancies may begin later month said series strikes employers say cost seven mln guilders lost import business past six weeks began january protest plans redundancies sector workforce starting year late last month social affairs minister de graaf said unless dispute settled yesterday would withdraw sector mln guilder annual labour subsidy sides wrote minister yesterday setting cases said expect hear wednesday earliest reuter
u allow temporary imports uranium treasury department said would temporarily permit imports south african uranium ore oxide pending clarification anti apartheid sanctions laws passed congress last fall decision announced late friday applies july uranium ore oxide imported u processing export third countries treasury said took action felt congress passed comprehensive south african sanctions bill last fall president reagan veto intended hurt u industry addition treasury said would permit u made goods imported temporarily south african state controlled organizations repair servicing reuter
inertia dynamics trim pay stock dividend inertia dynamics corp said declared pct stock dividend payable may shareholders record april reuter
u house plan seeks bar foreign takeovers house subcommittee voted give president reagan authority block foreign takeovers u companies similar takeover schlumberger ltd slb fairchild semiconductor corp fujitsu ltd withdrawn house energy commerce subcommittee commerce approved amendment overall house trade bill provision giving reagan power block sales foreign companies sale national economic interest takeover provision sent full energy commerce committee consideration part overall trade bill written several house committees subcommittee bill would bar imports digital audio recording equipment made anti chips provision designed protect u companies use u designs foreign products bill calls investigation whether u engineering construction firms given adequate opportunity bid japan civil works procurement practices including construction kansai airport energy commerce rejected plan offered rep william california republican require u pay investors one pct right hold gold investments government storage amendment called government sell gold coins gold backed bonds maturities years investors reduce federal debt reuter
treasury balances fed rose feb treasury balances federal reserve rose feb billion dlrs billion dlrs previous business day treasury said latest budget statement balances tax loan note accounts fell billion dlrs billion dlrs respective days treasury operating cash balance totaled billion dlrs feb compared billion dlrs feb reuter
ec warns u japan trade tensions european community ec yesterday warned japan united states main trading partners friction trade issues affecting ec relations countries ec foreign ministers issued statement japan continued trade imbalance appealed country make greater effort open markets also said draft bill u congress would impose permanent quotas textile imports prepared react u administration already bill ec external trade commissioner willy de clercq written u counterpart trade representative clayton yeutter outlining ec concerns statement said ministers u moves towards protectionism adoption measures would fail negative effect process multilateral negotiations started well bilateral relations said unilateral u moves would leave ec option react according laws general agreement tariffs trade said separate statement japan ec ministers said continued imbalance trade expect japan open market statement said ec would continue insist japan boost imports stimulate domestic demand ministers also called ec commission prepare report u japanese trade july year enable take appropriate action necessary one diplomat said call report showed ministers determined let japanese question drop back table diplomat said de clercq talking journalists meeting said certain nervousness growing within community concerning trade relations japan diplomats said ec keen negotiate tokyo solve problem rather costly damaging trade war ministers called cooperation japan industry research reuter
navistar still expects higher net navistar international corp chairman donald lennox repeated benefits recapitalization likely boost future earnings fiscal lennox told annual meeting future quarterly full year earnings ongoing operations significantly results remarks lennox said management plans recommend company common stock dividend foreseeable future said outlook medium duty truck market continues point little change recent order receipts indicate firmer tone heavy duty truck segment could result five eight pct increase industry shipments full year said restructuring holding company format company present truck engine subsidiary known navistar international transportation corp currently president chief operating officer navistar international named chairman new subsidiary james vice chairman chief financial officer named succeed lennox chairman chief executive officer navistar international corp lennox retire march shareholders meeting approved change company structure holding company format effective april reuter
experience inc th qtr loss period ended jan shr loss three cts vs loss two cts net loss vs loss sales vs year shr loss cts vs loss cts net loss vs loss sales vs reuter
brown transport co inc th qtr net shr profit cts vs profit cts net profit vs profit revs mln vs mln avg shrs mln vs mln mths shr profit dlrs vs loss cts net profit vs loss revs mln vs mln avg shrs mln vs mln reuter
avery sets two one stock split avery said board two one stock split increased quarterly dividend plans offer four mln shares common stock company said stock split effective march distribution one additional share shareholder record march said quarterly cash dividend cts per share split shares pct increase cts per share split avery said register securities exchange commission offer four mln additional common shares use proceeds repay debt finance recent acquisitions corporate purposes reuter
first boston fbc swiss affiliate boosts stake first boston swiss affiliate first boston inc said raised stake company shares pct total shares pct filing securities exchange commission financiere credit suisse said bought first boston common shares feb prices ranging dlrs share mln dlrs total said bought shares part agreement raise minority stake first boston pct stake level first boston holds financiere credit suisse reuter
u k money market deficit revised mln stg bank england said revised estimate shortage money market back initial forecast mln stg central bank changed shortfall mln provided assistance worth mln stg bank bill purchases one two established dealing rates reuter
correction tate item calif item tate tate th qtr net please read quarter average shares mln mln reuter
north east may violate capital rules north east insurance co said due magnitude losses may found violation minimum capital surplus requirements officials maine new york subject sanctions administrative actions states company today reported loss dlrs realized investment gains dlrs compared loss dlrs investment gains dlrs fourth quarter net loss dlrs compared dlrs company said fourth quarter year losses resulted additions loss reserves reuter
bell atlantic corp increases payout qtrly div cts vs cts pay may one record march reuter
group inc th qtr loss shr loss dlrs vs loss cts net loss mln vs loss revs mln vs mln year shr loss dlrs vs loss cts net loss mln vs loss revs mln vs mln note net includes tax credits dlrs quarter mln dlrs year results include pct stake pacific lumber co december february pct thereafter reuter
corp nd qtr jan net oper shr cts vs cts oper net vs revs mln vs mln six mths oper shr cts vs cts oper net vs revs mln vs mln note oper net excludes tax credits dlrs vs dlrs qtr dlrs vs dlrs six mths note year ago results restated reflect change accounting principle effective august one reuter
brazilian labour unrest spreads many banks shut brazil labour unrest many banks universities government statistical offices strike pay disputes looming leaders said national strike launched yesterday press pct immediate pay rise monthly salary adjustments support workforce strike today closed stock exchanges sao paulo rio de janeiro government one positive development labour front gradual return work nation seamen began national strike february union spokesman rio de janeiro told reuters half seamen returned work accords companies strike looked close end otherwise labour looked bleak bank strike posing serious problems brazil crisis economy goes days serious effect normal financial operations grind halt said western diplomat sao paulo today brazil university federal universities launched national strike broad political demand well pay claim david head political science department brasilia university told reuters national association higher education wanted full congressional inquiry happened government education funds said universities cash association suspected junior partner coalition government liberal front party using education funds projects helped candidates elections holds education ministry hardly sectors economy current labour unrest caused return high inflation officially pegged pct january february possible strikes looming include oil industry workers social security workers reuter
murray ohio sees higher st qtr earnings murray ohio manufacturing co said expects first quarter earnings higher dlrs dlrs per share recorded first quarter last year company produces lawn said earnings ahead last year due increased lawn garden shipments january february record setting pace march reuter
mobil raises west coast crude prices one dlr dlrs bbl today
u n conference formally adopts new international natural rubber agreement chairman
int l broadcasting sets reverse split international broadcasting corp said shareholders annual meeting approved one reverse stock split split effective completion filing requirements said new certificates needed added media company said currently common shares issued outstanding upon completion reverse split shares outstanding reuter
north american holding corp rd qtr net dec end shr profit nil vs loss four cts net profit vs loss revs vs avg shrs mln vs mln nine mths shr profit six cts vs loss seven cts net profit vs loss revs mln vs avg shrs mln vs mln reuter
mhi group affiliated offer mhi group inc said affiliated several investors entered letter intent providing purchase star david company said investors certain circumstances rights letter intent definitive agreement purchase fort fla funeral home business mhi reuter
j resources inc merger agreement j resources inc said acquired pct interest acquisition corp interfirst venture corp sam b myers resources inc richard l morgan dallas warrants acquire mln shares j stock three mln dlrs notes warrants exercisable par value currently cts per share march company said warrants exercised full would represent pct interest j common stock said amounts due notes payable proceeds sale securities j non oil natural gas revenues j said provides specialty installation removal services j said directors except jack e jr resigned myers morgan named board said resigned president favor myers service vice president charge oil natural gas operations reuter
oil analyst sees papua new guinea good prospect papua new guinea png provides exciting new prospect asia pacific region oil production energy analyst fesharaki said recent successful find iagifu likely put png list major oil exporters early told australian petroleum exploration association annual conference fesharaki leader energy program east west center hawaii speaking asia pacific petroleum outlook domestic demand around barrels per day bpd prospects production bpd late png would become ecuador level crude exporter fesharaki said iagifu wells basin recorded best oil flows years exploration png png government geological survey paper distributed conference estimates iagifu reserves mln barrels png enjoys liberal tax regime region secondary taxes fesharaki said expect much larger oil search papua new guinea discovery much larger volumes oil similar quality light bass strait crude fesharaki said also large high quality produced notably field near iagifu capable producing bpd said prices somewhat higher present levels justify development field said png geological survey paper noted five large prospective little explored png reuter
mco mco holders approve merger mco holdings inc said shareholders group inc approved proposed merger two companies mco said one shareholder filed objection proposed settlement shareholder actions related merger delaware court chancery hearing settlement proposal scheduled march merger subject court approval settlement well conditions reuter
international multifoods corp dividend qtly div cts vs cts prior pay april record march reuter
corp th qtr shr loss dlrs vs profit cts net loss mln vs profit revs mln vs mln year shr loss dlrs vs profit cts net loss mln vs profit mln revs mln vs mln note th qtr includes mln dlr restructuring charge writedowns dlrs year includes writedown mln dlrs reuter
service resources src unit sets purchase service resources corp p young co subsidiary said agreed acquire fleming printing ltd canadian financial mln dlrs young said acquisition expected close april subject due review reuter
williams industries inc nd qtr net qtr ended jan shr cts vs three cts net vs revs mln vs mln six mths shr cts vs cts net vs revs mln vs mln note current six mths revs include mln dlrs revs john f construction co wholly owned unit reuter
lower interest rates seen following irish budget financial markets welcomed public spending cuts announced ireland new minority government budget saying move would lead lower interest rates finance minister ray making cuts across board reduced exchequer borrowing requirement billion pct gnp compared billion pct gnp last year allied irish banks foreign exchange dealer john commented would see interest rates coming two pct next three months reuter
banks see german growth least two pct external risks economy increased growth two pct year still possible according president west german federation banks christian told news conference fall dollar since start year revaluation mark european currencies meant west german exporters facing wind however domestic demand continuing rise private consumption particular would support economy said saw good prospects consumer industries said economic policy concentrate strengthening domestic growth context welcomed decision government increase scope tax cuts due added planned reform fiscal system scheduled worked coalition partners month important step right direction government plans cut corporation tax pct pct however said decision cut maximum rate income tax pct pct rather half reuter
commonwealth edison co months net period ended feb shr dlrs vs dlrs net vs revs billion vs billion avg shrs vs note per share earnings reflect payment preferred dividend requirements reuter
international buys british firm international corp said acquired alan engineering ltd england undisclosed amount cash newly acquired company operate part division company said reuter
jacobs takes majority stake cote jacobs suchard ag said acquired comfortable majority interest takeover bid cote sa belgium leading producer chocolate statement jacobs said acquired shares tendered time offer expired march offer pct cote belgian francs per ordinary share agreed belgian firm board jacobs spokesman declined specify size majority stake said jacobs decided would acquiring outstanding shares reuter
ny traders say soviets made large sugar purchase soviet union bought almost tonnes raw sugar international trade houses last night sugar changing hands discounts spot may world sugar contract according trade sources said japanese trade houses sold three cargoes thai sugar relatively nearby delivery british european based trade houses sold remaining six cargoes shipment april may july said traders said week sharp fall world sugar prices helped provoke soviet union covering nearby needs yesterday spot may sugar closed cents pound reuter
u k intervention board details ec sugar sales total tonnes current series white sugar received export rebates maximum european currency units ecus per kilos today european community ec tender u k intervention board said traders france received tonnes denmark west germany netherlands belgium tonnes added earlier today london traders expected subsidy current season whites campaign licences end aug ecus per kilos traders also forecast today total authorised sugar tonnage export awards tonnes versus last week restitution ecus cumulative export current season stand tonnes weeks reuter
inc sells division inc said sold parts co division group investors headed management cash price mln dlrs said sale coupled sale last month steps taken improve company balance sheet sales contemplated reuter
firs ec beet sugar estimate unchanged mln tonnes white equivalent
pakistani decision hurt kenyan tea exports pakistan decision suspend tea import licences hurt kenyan tea exports short term exporters seek new markets sources close broking houses exporters said broking house officials sri capital colombo yesterday told reuters pakistan suspended licences order link tea imports pakistani exports latest available figures show kenyan exports pakistan mainly tea worth mln dlrs imports pakistan amounted mln dlrs kenya provides pct pakistan tea imports sources said pakistani decision come surprise pakistan trade imbalance time disappointed pakistan took action certainly hurt kenya tea industry short term pakistan kenya second largest market source one broking house told reuters one tea broker said pakistan move already affected kenya tea trade largely responsible average fall two shillings kilo export auction last monday trend likely continue countries replace pakistan usually buys qualities tea added kenya long time relied britain pakistan egypt lesser extent united states major markets tea sources added small scale exporters export mainly pakistan would worst hit pakistani move would take longer find new outlets said reuter
breakeven results inc said november december first reporting period emerging reorganization proceedings earned dlrs revenues mln dlrs excluding dlrs gains sale real estate dlrs tax credits company successor baldwin united corp reuter
big b inc th qtr jan net shr cts vs cts net vs sales mln vs mln avg shrs vs year shr cts vs cts net vs sales mln vs mln avg shrs vs reuter
commonwealth energy system dividend qtly div cts vs cts prior qtr payable may one record april reuter
singapore gdp grow six pct first quarter singapore gross domestic product grow six pct first quarter five pct second quarter year growth expected second half trade industry minister lee told parliament figures compared pct contraction pct growth respectively first second quarters estimates based tentative leading indicator new business orders company inventories share prices used ministry lee said without giving details new indicator singapore economy grew pct last year pct government forecast growth rate three four pct reuter
fed adds reserves via customer repurchases federal reserve entered u government securities market arrange billion dlrs customer repurchase agreements fed spokesman said dealers said federal funds trading pct fed began temporary indirect supply reserves banking system reuter
australian fourth qtr gdp rises pct pct third qtr rise official
mickelberry corp th qtr net shr profit cts vs loss cts net profit vs loss revs mln vs mln avg shrs vs year shr profit cts vs loss cts net profit vs loss revs mln vs mln note quarter net includes dlr tax credit reuter
tribune completes cable system sale tribune co said completed sale va cable television system cablevision industries ltd partnership affiliated cablevision industries inc liberty n said system one two systems acquired tribune september part purchase daily press inc publisher newport news daily press times herald agreements sell systems total mln dlrs reached october sale newport news system completed december reuter
first financial ffmc acquires tel data first financial management corp said acquired data processing contracts certain related assets tel data l p mln dlrs cash plus assumption certain liabilities mln dlrs tel data serves bank thrift institutions processing center lombard illinois first financial offers data processing services financial institutions data processing centers reuter
inc new st qtr jan net shr profit four cts vs loss cts net profit vs loss sales mln vs mln reuter
thatcher defends uk oil policy saudi interview british prime minister margaret thatcher denied interview published saudi arabia today government oil policy contributed weakness world oil prices said government determined intervene influence production decisions oil companies operating north sea believe must matter commercial judgment oil companies told language daily al al interview visit london king fahd saudi arabia thatcher said policy contributed fall oil prices north sea production prices close dlrs barrel british production unlikely increase future said share concern saudi arabia opec members harmful effects oil market volatility producer consumer countries thatcher said part careful avoid actions might add volatility reuter
tcby enterprises inc tcby st qtr feb net shr eight cts vs five cts net vs sales vs avg shrs vs note per share amounts adjusted three two stock splits april july reuter
completes sale unit inc said completed previously announced disposition computer systems division investment group led inc technology partners ltd affiliate reuter
lp six sets cash distribution qtly cash distribution cts vs cts prior pay may record march note prior quarter dividend initial payout based operations partial fourth quarter reuter
inc rd qtr feb net shr cts vs cts net vs revs mln vs mln nine mths shr cts vs cts net vs revs mln vs mln reuter
integrated circuits sets record date integrated circuits inc said set march record date previously announced pct stock dividend company said distribute dividend march reuter
senate wants japan pact enforced u senate unanimously called president reagan immediately force japan live pledge stop dumping microchips open markets u chipmakers senate voted urge reagan impose penalties japanese high technology products containing semiconductors retaliation sees japan violations semiconductor pact measure reagan action senate leaders said adoption would warn japan legislation would considered violations continue want send message japan let know senate feels matter senate democratic leader robert byrd told senate senate finance committee chairman lloyd bentsen told senate measure aimed retaliation correcting japan unfair trade practices key house trade representative richard gephardt also announced would seek force japan countries huge trade surpluses slash surplus pct year three years reuter
kodak ek buys stake biotechnology company eastman kodak co said reached agreement acquire new stock representing pct interest industrial biotechnology company inc undisclosed terms shareholders include continental inc corning glass works inc company said granted options increase equity stake said agreed make multiyear dollar commitment research products related food pharmaceutical reuter
royal bank canada ups u base rate royal bank canada said raising u base lending rate pct pct effective tomorrow move first change bank u dollar base lending rate since last august lowered rate point follows announcement yesterday point rise pct two largest u banks prime rates reuter
lots acquire computer access corp development corp said signed letter intent acquire substantially assets computer access corp undisclosed terms computer makes full text search retrieval software international business machines corp ibm compatible personal computers company said acquisition subject approval boards reuter
first eastern corp completes acquisition first eastern corp said completed acquisition peoples bank pa exchange first eastern shares peoples share peoples assets mln dlrs reuter
co inc declares qtly div qtly div cts vs cts prior pay may record march reuter
canada leaders fail set pact free trade prime minister brian mulroney said held frank discussions canadian province pace free trade talks united states issue provincial ratification remains settled speaking reporters nearly five hours meetings mulroney said discussions would held june september discuss role provinces new trade deal maintained progress made sweeping talks states got nearly two years ago appears reasonable progress made talks mulroney said alberta premier getty agreed things running pretty quickly talks launched mulroney progressive conservative government concerns protectionist sentiment u aimed reducing remaining barriers world largest trading partnership provinces expected play major role new trading arrangement provincial leaders complained lack progress reaching ratification formula view thinking things right along questions agreement commented ontario premier david highly critical talks past premier brian said agreement likely emerge consensus would need hard fast formula said appears canada prepared make concessions united states financial services order make inroads bargaining areas agriculture canadian published reports quoting government sources say two countries close reaching trade deal involve eliminating border tariffs many non tariff barriers next years draft accord expected presented june meeting finished document hoped presented congress october tight time frame ontario said last night moment tough say reuter
ec agrees reduction diesel exhaust european community ec agreed tough new rules cut diesel exhaust trucks buses attempt reduce air pollution threatening vast region forests diplomats said ec environment ministers meeting agreed member states would reduce pct next years oxide widely seen main source acid rain forests lakes reduction would heavy vehicles tougher standards imposed new models april new vehicles october ec executive commission says level oxide expected drop mln tonnes year three mln tonnes within nation community heavy vehicles applied new standards estimated nine mln buses use ec according commission figures ministers also gave west germany go ahead move towards ban sale leaded regular petrol bonn requested permission encourage use low pollution cars diplomats said west germany still need ministers final approval plan diplomats said expected ec environment ministers meet next may ministers added go ahead west germany mean would automatically follow community wide ban sale regular leaded petrol bonn intends keep leaded premium petrol pumps diplomats said added mln cars ec mln ran regular leaded petrol would risk damage switched premium leaded petrol ec law ministers give member states special permission wish exempt community competition laws would case west germany implement ban sale leaded regular petrol reuter
tender loving staff extend pact tender loving care health care services inc said staff inc extended term merger agreement may tender loving care also said norrell corp agreed acquire additional staff builders shares september adding norrell paid dlrs standstill arrangement tender loving care said agreed buy staff builders common held norrell pct outstanding dlrs immediately prior consummation merger tender loving care said extended merger agreement continues provide exchange shares staff builders share outstanding announced february staff builders shareholders meeting vote merger originally convened adjourned december april tender loving care said payment norrell include dlrs cash five mln dlrs new series eight pct tender loving care convertible preferred tender loving care said staff builders filed revised registration proxy statement securities exchange commission upon clearance revised proxy statement commission distribution staff builders shareholders company management continue solicit proxies approval merger tender loving care said power vote pct staff builders shares adjourned meeting spokesman explaining represents proxies held norrell started buying stock record date meeting addition staff builders officers directors pct stock agreed vote favor merger accordingly vote additional pct outstanding shares required approve merger tender loving care said reuter
imperial bancorp sets five pct dividend imperial bancorp said declared five pct stock dividend payable may shareholders record april reuter
american express axp discuss shearson deal american express co board directors monday discuss company arrangement sell pct shearson lehman brothers inc nippon life insurance co company spokesman said spokesman would say whether board planning vote understanding american express nippon life shearson stake sold mln dlrs american express said spokesman also would comment speculation board discuss sale securities public monday board meeting regular monthly meeting plan sell part shearson nippon life must approved american express board japan ministry finance earlier american express shearson said subpoenaed securities exchange commission american express said subpoenaed documents securities transactions american express fund shearson subpoenaed documents related transactions jefferies co others american express spokesman said could comment whether officials firm subpoenaed reuter
ab st year group profit net financial items billion crowns vs billion sales billion crowns vs billion profit per share crowns vs proposed dividend five crowns vs reuter
abu dhabi reopen gulf oilfield hit raid abu dhabi offshore abu al bukhoosh oilfield gulf shut since attack last november reopen new anti aircraft ready could next two months oil industry sources said said abu dhabi government compagnie francaise des petroles total tpn pa whose total abu al bukhoosh subsidiary owns pct field agreed reopening date definitely fixed unidentified planes hit field miles abu dhabi last november raid killed eight workers destroyed main living quarters bridge linking main production platform western diplomats region say iran responsible tehran blamed gulf war iraq abu al bukhoosh producing barrels per day bpd time attack sources said would resume maximum half level reduced staff fact four five sources said personnel remaining sources said facilities installed protect field include aircraft equipment anti aircraft missiles housing military personnel helicopter sources said abu dhabi largest oil producer united arab emirates accounting bpd total mln bpd production sources said also said iran working reopen field part abu al bukhoosh located miles away heavily damaged iraqi air raid days abu al bukhoosh attacked reuter
china plan scrap parallel currency chinese vice premier tian said plans scrap country parallel currency foreign exchange certificates fecs postponed due objections foreign businessmen others tian told news conference chinese government still considered fecs unsatisfactory asked current state plans abolish fecs tian said decided postpone question whether done future done according situation said many people including foreign businessmen raised objections plan abolish certificates added rather complicated fecs introduced use foreigners china widely among local residents big black market currency though par ordinary chinese currency tian said government still considered fecs many negative influences bank china president wang told reuters earlier month thought unlikely certificates would year western diplomats economists said chinese authorities trouble finding suitable alternative vice premier announced similar press conference last year fecs would abolished saying government decided unacceptable two currencies china time reuter
ibc expected maintain coffee export formula brazilian coffee institute ibc expected maintain previous pricing system export registrations probably later week exporters said said ibc president jorio dauster likely leave basic formula minimum registration price unchanged raise contribution quota partially offset effects cruzado devaluation since april registrations closed mid february fully compensate devaluation quota would around dlrs per bag registrations closed however even dlr per bag rise contribution quota would make brazil uncompetitive world markets increase around dlrs bag likely exporters said added dauster keen raise contribution quota institute needs money repay central funds released finance ibc purchases guaranteed producer price although vote monetary council provide funds purchases deferred technical grounds last week funds still released subsequent approval sources said still unclear registrations reopened although expect end week brazil owes customers make intentions know country like brazil cannot afford permanently closed one exporter said however announcing export policy ibc likely wait see tomorrow meeting international coffee organisation ico executive board london decides call full council meeting discuss reintroduction export quotas sources said also talk announcement week new measures adjust brazilian economy ibc could awaiting clarification making move exporters said another factor could delaying opening registrations current strike bank workers affecting current shipments could affect documentation currency operations new sales would certainly case ibc considering exporters pay contribution quota within two three days sale
mining co th qtr loss shr loss cts vs loss cts net loss mln vs loss mln revs mln vs mln avg shrs mln vs mln year shr loss dlrs vs loss dlrs net loss mln vs loss mln revs mln vs mln avg shrs mln vs mln note per share results preferred dividend requirements mln dlrs vs mln dlrs quarter mln dlrs vs mln dlrs year th qtr loss includes accruals writedowns non recurring charges mln dlrs including costs anticipated reopening mine writedown capitalized costs one mine mln dlrs year loss includes charges totaling mln dlrs reuter
canadian money supply falls week canadian narrowly defined money supply fell mln dlrs billion dlrs week ended march bank canada said plus daily interest chequable non personal deposits fell mln dlrs billion dlrs plus notice personal fixed term deposit fell mln dlrs billion dlrs non personal fixed term deposits foreign currency deposits residents booked chartered banks canada fell mln dlrs billion dlrs
nigeria changes auction rules defend naira nigeria central bank changed rules governing foreign exchange auctions analysts see means defending naira currency steadily bank said statement april banks bidding foreign exchange would pay rate offered presently rate lowest successful bid made auction discourage banks bidding high ensure successful paying lower marginal rate analysts said act banks know bid high pay offered western diplomat commented naira dollar pct since auctions known second tier foreign exchange market began last september last week session nigerian currency fixed dollar third fall row clearly worried logical way trying stop trend diplomat said central bank also announced auctions would fortnightly weekly beginning april immediately clear whether next thursday scheduled session would still take place bank planning double mln dlrs normally offer auction demand foreign exchange consistently supply encouraging banks bid high thus weakening naira normal weekly allocation doubled fortnightly session high demand could undermine objective new system analysts said although bidding banks pay offered official exchange rate naira applying business transactions continue marginal rate lowest successful bid central part nigeria structural adjustment program considered ambitious economic recovery plan black africa program involves setting realistic exchange rate naira valued many years imports boosting agriculture removing subsidies reducing inefficient government participation economy world bank played prominent part dramatic blue print selling often sceptical public fears inflation lower living standards world bank representative nigeria said yesterday satisfied adjustment program whole foreign exchange auctions far good told meeting bankers adding members nigeria import dependent would suffer hardship common man would benefit fears program would encourage inflation incorrect said harvests reduced rural inflation urban prices already reflected naira black market value currency allowed find true level last september reuter
white house welcomes rise indicators white house welcomed last month pct increase index leading economic indicators government key future economic growth increase reversed decline january pct presidential spokesman marlin fitzwater said new figures economic growth coming months showed index back track downturn first year reuter
wells sees nov loss wells corp said expects report loss without tax benefit mln dlrs fiscal year ended november versus profit dlrs fiscal company added however mln dlrs loss relates discontinued operations disposal subsidiaries company said loss part previously announced restructuring includes sale foreign domestic units added filed securities exchange commission extension file annual report form k result delays caused restructuring reuter
kms industries inc year net oper shr three cts vs three cts oper net vs revs mln vs mln avg shrs vs note earnings exclude gains utilization tax loss dlrs three cts share vs dlrs three cts share reuter
two brazilian shipping firms settle strikers two small shipping companies reached pay deal striking seamen union leaders said brazil seamen still strike union spokesman rio de janeiro said seamen accepted pct pay offer companies flumar less employees two week strike comes brazil faces debt crisis delaying exports badly needed earn foreign exchange labour minister almir pazzionotto said government force settlement strike ruled illegal last friday reuter
mark resources inc year loss shr given loss mln revs mln note prior year results given results include accounts pct owned precambrian shield resources ltd acquired november reuter
sigma mines details gold ore reserves sigma mines quebec ltd pct owned dome mines ltd said sigma mine proven probable reserves end tons average grade ounces gold ton sigma said reserves equivalent years future production current milling rates reserves comprise tons proven reserves grading average ounces gold ton tons probable reserves grading average ounces gold ton sigma said changed reserve reporting method following dome mines previously reported move adopt general industry practice reporting proven probable ore reserves prior sigma reported proven reserves could mined without future development costs proven reserves december tons grading average ounces gold ton equivalent two years future production reuter
interlink says planning bid purolator british package courier interlink express plc plan bid whole part purolator courier corp pcc n spokesman said intention making sort approach purolator spokesman told reuters adding would case david versus interlink shares started trading u k unlisted securities market october posted pre tax profits mln stg turnover mln stg six months december purolator last year topped turnover mln dollars spokesman said purolator interlink view takeover participation denied press reports suggesting interlink developing buyout bid reports said proposed bid would price dlrs per share offered e f hutton lbo inc hutton offer expires tomorrow spokesman said interlink seeking expand business first continental europe later u company expect gain foothold u market earliest said reuter
federated department stores inc ups qtly div pct sets stock split
franklin new york tax free income fund payout mthly div cts vs cts prior pay march record march two reuter
ccc interest rate april six pct usda commodity credit corporation ccc interest rate loans disbursed april carry six pct rate u agriculture department said april rate march pct reflects interest rate charged ccc u treasury department said reuter
malaysian industries bhd six months december shr cts vs cts interim dividend one cent vs group net mln ringgit vs mln pre tax mln vs nine mln turnover mln vs mln note dividend pay april register april reuter
charter co th qtr oper loss oper shr loss one ct vs loss four cts oper net loss vs profit revs mln vs mln avg shrs mln vs mln year oper shr profit cts vs profit cts oper profit vs profit mln revs billion vs billion avg shrs mln vs mln note th qtr year oper net excludes gain mln dlrs mln dlrs cts per share respectively discontinued operations th qtr year oper net excludes gain mln dlrs dlr per share mln dlrs dlrs per share respectively mainly settlement related claims reorganization proceedings th qtr year oper net excludes loss mln dlrs dlrs per share loss mln dlrs dlrs per share respectively discontinued operations th qtr year oper net excludes gain mln dlrs dlr per share mln dlrs dlrs per share settlement claims utilization tax loss carryforward year oper net also excludes loss seven mln dlrs change inventory evaluation method reuter
uk average gdp rises preliminary pct pct th qtr official
reuter inc th qtr shr cts vs six cts net mln vs revs mln vs mln year shr cts vs cts net mln vs revs mln vs mln note net includes mln dlrs tax loss reuter inc maker connected reuters holdings plc reuter
tribune exchange papers tribune co said exchanged cash assets eight publishing co community publications circulated fort myers fla area assets nine community papers suburban tampa st published gulf coast newspapers inc gulf coast subsidiary e w co business howard additional financial details disclosed reuter
ec commission details sugar tender european commission confirmed authorised export tonnes current series white sugar maximum rebate european currency units ecus per kilos traders u k received tonnes netherlands denmark west germany tonnes reuter
rotterdam port union employers meet dutch port transport union fnv agreed employers request reconvene abandoned talks tonight try end strikes disrupted rotterdam general cargo sector past six weeks union spokesman said talks broke thursday union employers tabled final offer end strikes started january protest planned redundancies sector workforce starting year employers restart talks comes day deadline set minister social affairs de graaf resolution dispute expires de graaf said dispute ended today would withdraw mln guilder annual labour subsidy sector comment immediately available employers organization reuter
sessions co th qtr loss oper shr loss cts vs profit five cts oper net loss vs profit revs mln vs mln year oper shr loss cts vs profit cts oper net loss vs profit revs mln vs mln note excludes discontinued operations loss dlrs share versus loss nine cts quarter loss dlrs share versus loss cts year also excludes extraordinary loss six cts share fourth quarter gain dlrs share full year also excludes full year gain cts per share accounting change reuter
inc declares qtly dividend qtly div three cts vs three cts prior pay april six record march reuter
rexham gets takeover offer rexham corp maker packaging materials machinery said received unsolicited offer dlrs share nortek inc nortek providence r textile manufacturer disclosed holds rexham shares pct outstanding company said rexham said welcome proposal added board study offer respond due course nortek proposed paying half cash half nortek convertible preferred stock rexham mln shares outstanding cash portion would include amount previously paid rexham stake terms convertible preferred stock would negotiated company said rexham said received takeover offer letter nortek reuter
industries inc th qtr loss shr loss dlrs vs loss dlrs net loss vs loss mln revs mln vs given year shr loss dlrs vs loss dlrs net loss vs loss mln revs mln vs given note results include charges five mln dlrs cts shr qtr year compared charge mln dlrs dlrs shr prior year discontinued operations disposal discontinued operations reuter
final crop u cotton final crop u cotton totaled running bales vs bales end season bales end season u census bureau said bureau said upland cotton final crop totaled bales vs bales bales american final crop totaled bales vs bales crop bales bureau said reuter
japan telecom merger could involve u k u firms cable wireless plc cawl l pacific telesis group pac n may take part proposed merger two rival firms seeking enter japan international telecommunications market senior industry official said fumio watanabe head telecommunications committee federation economic organisations keidanren told news conference japanese shareholders two agreed u british companies invited participate new merged firm planned satisfy tokyo request one private company enter market two international digital communications planning inc idc international telecom japan itj set compete monopoly kokusai denshin denwa co kdd market watanabe said post telecommunications ministry wanted one competitor time size japanese market foreign investors allowed hold minority stake estimated two foreign firms share merged consortium less three pct added even largest shareholders could five pct cable wireless japanese trading house c itoh co pct stake idc consortium pacific telesis merrill lynch co inc mer n jointly hold pct itj headed rival group trading houses several firms including toyota motor corp watanabe said progress made towards merger agreement added japanese industry agreed government one private consortium two companies might invest excessive amounts said talks cable wireless continue week reuter
bp managing director says company plan hike dlrs standard offer
shad favors disclosure period securities exchange commission chairman john shad said sec favors current day period disclosing takeover attempts opposes putting restrictions use called bonds favor disclosure period two days shad told members house telecommunications finance subcommittee asked recommendation said sec responsibility provide full disclosure securities including bonds make decisions based merit said bonds value liquidity shad said opposes proposals require attempting takeovers file statement impact takeover would communities involved opposed past goes far beyond investor protection shad said said comment proposal house speaker jim wright texas tax securities transactions reuter
completes ranco plc u k said completed acquisition ranco inc following approval ranco shareholders according terms deal ranco holders receive dlrs share cash ranco transferred one u subsidiaries controls co ranco produces automatic control devices power controls regulate pressure time current flow unit makes line semiconductors reuter
cyclops cyl says dixons agreements binding cyclops corp said already stated agreements dixons group plc binding dixons waive provisions agreements company said agreement merge dixons permit provide information cyacq making competing offer cyclops provided dixons said provisions dixons waive include rights recover breakup fees expenses cyclops buy cyclops common shares cyclops cyclops noted dixons waiver rights breakup fees purchase common stock directly cyclops provision information cyacq conditions cyacq increased dlr per share offer acquire cyclops shares dixons tendering cyclops shares dlrs share yesterday citicorp cci audio video affiliates inc ava owner cyacq said offered acquire dixons merger cyclops dixons cyclops industrial businesses mln dlrs alleghany corp currently scheduled pay citicorp said yesterday proposal would allow dixons raise tender price dlrs per share citicorp said dixons accepted proposal cyacq would terminate competing offer cyclops reuter
royal resources makes acquisition royal resources corp said exercised purchase montagu mining investments inc samuel montagu ltd london dlrs cash common shares company said montagu main asset pct interest joint venture operates open cut leach gold mine county mine produces gold ounces year said nine months following closing montagu may require royal register shares sale royal said six months closing one year montagu also right require royal repurchase shares dlrs reuter
islamic banks establish mln dlr trade portfolio islamic development bank idb islamic banks signed agreement establish mln dlr trade portfolio finance trade among islamic countries idb sources said said idb share portfolio finance exports imports private sector limited mln dlrs sources said shares could traded redeemed idb adding major step establishing islamic financial market reuter
japan seeks strengthen paris currency accord japan seek strengthen paris accord currency stability meeting group seven leading industrial nations tomorrow japanese officials said however officials japanese finance minister kiichi miyazawa asked identified would provide details wanted accord signed six leading industrial democracies february strengthened currency target zones reference ranges discussed g meeting scheduled tomorrow japanese officials said meeting held conjunction week international monetary fund world bank sessions currency pact need changing language used paris accord officials said miyazawa met u treasury secretary james baker early afternoon discussed dollar yen exchange rates officials said declined disclosed details discussion japanese officials also declined detail miyazawa baker discussed subject greater joint intervention currency markets stabilize dollar independent american intervention officials said money market action stabilize dollar benefit japan suffering sharp appreciation currency also benefit united states well u japan take steps boost domestic demand reduce trade surplus japan explain economic measures g officials said however miyazawa failed outline size japanese economic package meeting baker today japanese budget authorized parliament despite new fiscal year started april one officials said japan ruling liberal democratic party revealed economic package today calling billion yen additional spending reuter
nicaragua romania lose trade rights president reagan formally ended preferential duty free trade treatment exports nicaragua romania system preferences gsp took action determining three countries taking steps give workers internationally recognized rights u trade representative clayton yeutter announced intended action january united states conducts trade nicaragua little trade romania reuter
cronus industries inc sells unit cronus industries inc said agreed sell heat transfer equipment business southwestern engineering co slight premium book value plus release cronus liability approximately three mln dlrs subsidiary indebtedness company said sale subsidiary senior engineering group plc british company take place month reuter
soros group tells sec may buy pct fairchild industries
echlin inc nd qtr shr cts vs cts
murray ohio sees higher first quarter net murray ohio manufacturing co said expects first quarter earnings higher year ago dlrs dlrs per share due excellent lawn garden shipments company said sales soft early period recent orders shipments running well ahead last year said expects meet analysts projections earnings full year dlrs per share could possibly exceed estimate orders continue strong reuter
british caledonian group announces big losses british caledonian group britain second largest airline announced mln stg pretax loss financial year ending last october compared record pre tax profit mln stg chairman sir thomson told reporters decline u transatlantic traffic following attacks europe u libya chernobyl disaster slump oil industry affected middle east traffic main causes loss thomson said said poor results caused range exceptional circumstances wholly outside direct control predicted return profitability year last year airline forced jobs sell assets cut number flights across atlantic middle east following fall business reuter
bombay bases growth location costs bombay restaurants inc emphasis location low food costs expects sales increase pct mln dlrs mln dlrs according president told members dallas financial community briefing go prime locations make sure leases favorable previously announced company expects report earnings dlrs cts share revenues mln dlrs said final figures would released two days reuter
soviet economist sees gains u trade little chance soviet exports united states rise moscow current trade reforms result trade manufactured goods future soviet economist said chief economist trading corp agent soviet trade organisations industries told u ussr business meeting soviet union produces items western nations want reforms including quality goods allowing joint ventures foreign firms encourage modest export gains future said soviet union exported mln dlrs worth goods united states imported billion dlrs worth gave trade forecast said even obstacles removed total trade two countries would remain two three billion dlrs year post ussr limit trading u said reuter
west german ship west africa west german registered motor vessel e sank west african coast early today one eight crew members killed spanish navy spokesman said said singapore registered tanker nord pacific reported radio message picked remaining seven tonnes dw e together body dead man reuter
baker sees lower japanese trade surplus u treasury secretary james baker said japanese trade surplus would begin decline year told national newspaper association going see reduction japanese trade surplus year said reduction would due principally exchange rate shifts since plaza agreement shifts would take long time work way system reuter
diamond shamrock dia sees better earnings diamond shamrock corp split month two separate companies expects show improved earnings last year executives new company told reuters charles president chief executive officer diamond shamrock new company emphasize exploration production said earnings wil better declined say much better diamond shamrock reported loss mln dlrs total revenues billion dlrs exploration production lost mln dlrs revenues mln dlrs roger diamond shamrock vice president soon chief executive spin diamond shamrock refining marketing co said refining marketing margin business margins return better year refining marketing showed operating profits mln dlrs revenues billion dlrs also expecting black first quarter added first quarter refining marketing segment showed loss mln dlrs revenues mln dlrs executives new york meetings institutional investors aimed increasing interest company stock new york stock exchange diamond shamrock trading earlier year boone pickens offered dlrs share diamond shamrock management offer dlrs decision split refining marketing operation shareholders advisors convinced us market would give higher pure said reuter
chase amp bank cuts australian prime pct chase amp bank ltd said lower prime lending rate pct effective tomorrow bank first lower prime rate pct set banks last days continuation downward trend began late last month prime rates range pct majority bank said reduction reflected recent downturn money market rates improved economic outlook adequate liquidity second quarter tax period reuter
acquires ivey associates holdings ltd said acquired ivey associates nashville tenn based bank marketing firm terms disclosed reuter
creditanstalt sees higher dividend creditanstalt bankverein cabv vi likely raise dividend payment pct share capital deputy general director schmidt chiari said dividend pct unchanged previous year schmidt chiari noted parent bank share capital risen billion schillings end billion year earlier schmidt chiari made forecast news conference bank announced consolidated banking group net profit mln schillings mln schmidt chiari elaborate dividend forecast banking group consolidated balance sheet total rose billion schillings year end billion general director androsch said higher investment would lead continuing growth profits future last year better profits resulted improvements services provided bank also profits schilling lending schilling lending grown last year interest rate margins also improved remained unsatisfactory compared countries said increased provisions possible bad debts home abroad particularly latin america lowered profits androsch said declined give exact figure schmidt chiari said foreign lending business fallen significantly due exchange rate fluctuations removing billion schillings balance sheet total attempt generate foreign business representative offices would opened year tokyo hong kong moscow androsch welcomed government plans abolish legal controls foreigners buying voting shares drawing dividends preference shares state controlled creditanstalt rose eight schillings vienna bourse today brokers said improved results widely expected investors androsch said industrial holdings performed better previous years giving return investment pct compared pct creditanstalt austria largest bank holds majority interests medium sized large austrian companies forecast biggest industrial subsidiary ag vi would return result similar expected operating loss mln schillings reuter
low sugar prices may attract soviet chinese decline raw sugar prices likely attract buying soviet union china woodhouse said latest weekly market report present lower terminal values may reflection lack renewed prompt offtake particularly two large consumers report said week seen good demand thai raws october december shipment traded twenty points premium october new york delivery said reuter
central bancshares st qtr net shr cts vs cts net mln vs assets billion vs billion deposits billion vs billion loans billion vs billion note full name company central bancshares south inc reuter
tenders white sugar today trade tendering buy tonnes white sugar today arrival two equal parts may june traders said reuter
acme precision sets holder vote buyout acme precision products inc said set annual meeting may shareholders vote proposed management led leveraged buyout company record date meeting april proxy materials sent shareholders april buyout proposal previously announced structured one reverse stock split must approved majority shareholders acme precision shares outstanding reuter
combustion engineering inc csp regular div qtly div cts vs cts prior pay april record april reuter
community bank cbsi make acquisition community bank system inc said entered definitive agreement acquire nichols community bank dlrs common stock said subject approval nichols shareholders regulatory authorities transaction expected completed later year reuter
corrected federal paper fbt raises payout qtly div cts vs cts pay april record march note full name federal paper board co corrects headline dividend figure item march show dividend raised reuter
gencorp gy alternative plan due within week william reynolds chairman chief executive gencorp inc told shareholders expects announce company alternative dlr per share hostile tender within week last night company urged shareholders reject tender reynolds urged shareholders patient saying group tender offer months evaluate gencorp days respond reynolds also disclosed company resolved legal challenges planned sale wor tv serving new york city market expects complete sale friday reynolds said company expects book tax gain mln dlrs sale wor tv company plans sell station mca inc mca mln dlrs reynolds specify whether legal challenges dropped dismissed federal communications commission already approved station sale money sale station play role helping develop alternative tender offer co sponsored afg industries inc afg wagner brown reynolds said provided details chairman afg reed chief financial officer wagner brown attended meeting shifted tire plant downtown hotel people present despite overnight reed briefly reynolds meeting declined discuss proposal reporters reynolds told shareholders family members telling bill pay greenmail end takeover threat greenmail buyout minority shareholder price available holders reynolds said considers device shareholders elected management slate directors mario gabelli head new york investment firm owns large block stock proposed one nominee board gabelli said unsuccessful attempt designed board discourage greenmail reed reiterated previous statements open negotiations gencorp asked severance contracts key executives event shift control company reynolds developing alternatives would result change control asked whether company plan would superior proposal afg wagner brown reynolds commented know company know values know opportunities better outside group response question whether units sale said gencorp evaluating alternatives reuter
ecuador consumer prices rise pct february ecuador consumer price index rose pct february base national statistics census institute said rise compared pct rise january pct rise february institute said accumulated overall inflation first two months year pct compared pct period last year inflation months ending february pct compared pct months ending february reuter
bp australia reports mln dlr year loss british petroleum co australia ltd reported mln dlr net loss mln dlr profit sales fell billion dlrs billion british petroleum co plc bp l unit attributed deficit stock losses arising drop crude prices first half made mln dlr loss said government compensation form subsidies refiners partially cover stock losses together improved crude prices second half enabled group oil business make modest pre tax profit bp australia said recommended dividend commenting year performance company said suspended operations pct owned nickel mine losses sustained declining nickel prices results also included mln dlr extraordinary writedown value laid oil exploration regional endeavour bp australia said sold stake chemical maker farmers ltd yielding extraordinary profit mln dlrs expected sale pct owned co first half reuter
india market sugar trade india called fresh buying tender four tonne cargoes white sugar march traders said tender calls one cargo prompt sugar two three march april shipment sugar eight cargoes bought tender two days ago tender originally sought two three cargoes resulted sale eight india also granted sellers options sell twice amount price april may shipment depending prices traders said would likely india buy tonnage formally sought reuter
australian tug crews delay foreign container ships tug crews preventing movement foreign flag container vessels ports sydney melbourne shipping sources said said maritime unions imposed bans late wednesday reasons seem linked claims pay rise dlrs week awarded arbitration commission nationally workers recently vessels delayed bans affect container terminal movements disrupt liner schedules said dispute goes commission monday said reuter
olson industries sell egg operations olson industries inc said signed letter intent sell substantially remaining egg operations fresh foods inc olson said expects receive nine mln dlrs combination sale tangible assets fresh realization intangible assets olson transaction expected result charge discontinued operations two mln dlrs also expected generate substantial cash flow pay egg related indebtedness mln dlrs improve working capital reuter
btr nylex raises offer borg warner australia btr nylex ltd said increase takeover offer borg warner corp bor listed unit borg warner australia ltd bwa five dlrs four dlrs issued ordinary preference shares new offer values diversified auto parts manufacturer mln ordinary shares mln first participating preference shares mln dlrs formal documents sent shareholders soon possible said brief statement btr nylex manufactures rubber plastic products first bid bwa late january previously reported borg warner corp owns pct bwa ordinary shares pct preferences advised month ago would accept offer meant btr nylex pct acceptance condition could met bwa said statement reporting parent decision bwa advised shareholders offer said parties expressed interest bidding bid yet emerged btr nylex pct owned listed subsidiary britain btr plc reuter
u k money market forecast revised deficit bank england said revised estimate today money market shortfall around mln stg flat position reuter
make acquisition corp said agreed acquire properties assets telcom international group mln common shares would give former telcom owners pct interest combined company telcom international film television distributor assets acquired consist mostly distribution rights films valued one mln dlrs company said said part acquisition agreement required sell pct interest standard ltd makes canada said expects net dlrs sale standard company said transactions subject approval shareholders meeting held april may said reuter
medical corp st qtr jan net shr four cts vs two cts net vs revs vs reuter
gulf applied sells units sees gain gulf applied technologies inc said sold pipeline terminal operations units mln dlrs record gain mln dlrs first quarter added federal taxes owed transaction offset operating loss reuter
groupe lambert profit net consolidated profit deduction minorities billion francs vs billion non consolidated net profit billion francs vs billion note results year company full name groupe lambert sa br proposed net final dividend ordinary shares francs vs take total net payment year francs vs reuter
bsn corp bsn th qtr net shr two cts vs eight cts net vs revs mln vs avg shrs vs year shr cts vs cts net vs revs mln vs mln avg shrs vs note year net includes extraordinary gain one ct shr gain two cts cumulative effect accounting change reuter
international corp th qtr net quarter ended feb shr four cts vs seven cts net vs revs vs year shr four cts vs cts net vs revs mln vs mln reuter
bank corp ups dividend qtly div cts vs cts prior payable may one record april note holding company january resulting share trust co converted three shares new holding company stock cts dividend represents pct increase prior quarter reuter
un conference formally adopts new rubber pact new international natural rubber agreement inra formally adopted united nations conference today new accord due replace current one expires october conference chairman manaspas xuto thailand said formal adoption represented moment latest round talks began march represented fourth attempt negotiate new inra nearly two years xuto described negotiations means easy often faced problems new pact due enter force provisionally ratified countries accounting pct world net exports pct net imports new inra enter force governments accounting least pct net exports pct net imports ratified open signature may december year expected provisional entry force take least months delegates said two agreements buffer stock operations suspended international natural rubber council remain place xuto told conference agreement successor aimed meeting needs producers consumers natural rubber long term interest stabilising prices supplies xuto added also praised spirit give take throughout session ahmed malaysia speaking behalf producers said conclusion new pact showed interests producers consumers valid negotiations first agreement began said ability manage inventories basis stable prices vital consideration multinational tire companies whether consuming countries whole claimed longer seriously concerned security rubber supply said producers considered agreement served purpose created urged consuming countries promote early accession new pact avoid gap old new gerard france speaking consumers agreed agreement worked relatively well economic conditions changed said consumers led make proposals improving added adoption new agreement importance rubber confidence rubber industry reuter
novell sets two one stock split novell inc said board declared two one stock split payable holders record close business march said shareholders annual meeting approved doubling authorized common shares mln mln limitation directors liability reuter
minas de almaden raises mercury price spain minas de almaden agreed algerian producer enof establish minimum price dlrs per spot mercury sales almaden spokesman said response enquiries reuters said company raised minimum price spot sales dlrs per following talks enof separate press release company said enof almaden held talks istanbul week ago turkish mercury producers ways improve prices said position say action turkish companies would taking reuter
new world pictures gain sale five pct taft broadcasting
paul place inc control changes paul place inc said chairman president treasurer paul lambert sold mln common shares board members advisory board members alan h gerald purchaser name terms disclosed company said alan named replace lambert chairman chief executive officer michael fuller named president fuller formerly president mr steak inc reuter
nigerian currency firms latest auction nigerian naira firmed pct dollar banks bidding today weekly foreign exchange auction central bank said naira finished dollar last week mln dlrs mln dlrs offer sold bidding banks successfully obtaining hard currency effective rate including central bank levy transactions coming week last week failure sell whole allocation due central bank unprecedented banks inadequate documentation previous transactions banks required submit proof bids based valid commercial transactions central bank complained past many failing produce right within specified time reuter
drought may reduce zimbabwe coffee output growers zimbabwe projected coffee output tonnes could reduced drought growers said main coffee growing areas eastern zimbabwe received little rain since april coffee growers association begun survey assess effects drought spokesman said zimbabwe exported tonnes coffee mainly west germany britain japan netherlands switzerland united states reuter
investor group cuts rospatch stake group new york investors said lowered stake rospatch corp shares pct total outstanding common stock shares pct filing securities exchange commission group said sold net shares rospatch common stock february march prices ranging dlrs share group includes brookehill equities inc brokerage firm moore inc investment advisor reuter
french firm five pct calif water compagnie generale des eaux pa french water waste treatment disposal heating air concern said pct stake california water service co filing securities exchange commission compagnie generale said bought california water shares total mln dlrs investment purposes said might acquire shares company said plans seek control reuter
vista chemical sees year net higher vista chemical co said expects earnings year ending september substantially extensive planned two plants expected affect third quarter results said looking number financial options increasing shareholder value elaborate company earned mln dlrs dlrs per share extraordinary item fiscal vista said sales year expected comparable fiscal mln dlrs reuter
metromail predicts flat earnings metromail corp said expects flat operating profits fiscal year ending may last fiscal year earnings operations dlrs dlrs share company said flat results due higher normal expenditures fourth quarter expansion data processing capabilities earlier metromail reported fiscal third quarter earnings mln dlrs cts share versus three mln dlrs cts share prior third quarter nine months net mln dlrs cts share versus mln dlrs cts share prior nine months reuter
allegheny ag aims divest businesses allegheny international inc consumer products concern today announced merger agreement first boston corp fbc affiliate deal worth mln dlrs said intends divest units way increase profits going reduce ai size consistent financial resources said chairman made strategic choice become smaller financially sound consumer products company operates stable political economic environment north america said
french week bill average rate falls pct pct official
shaw supermarkets inc shaw year jan shr dlrs vs dlrs semi annual div six cts vs six cts prior payment net mln vs mln sales billion vs mln note dividend payable april one holders record march nine reuter
u price data suggest moderate inflation latest consumer price data indicate u inflation moderate even though last year pace economists said inflation constructive factor time last year building large head steam said allan discount corp u consumer prices measured consumer price index urban consumers rose seasonally adjusted pct february pct january gain energy prices fired january data three pct rise advanced moderate pct last month cpi came within range economists expectations little direct impact u financial markets among key components report transportation prices rose pct february pct january gain reflecting smaller price appreciation motor fuels declines new car prices finance charges pronounced pressures retail level said william sullivan dean witter reynolds inc economists said latest cpi supports existing expectations inflation rate four pct cpi rose pct december december without last year energy price drop rose pct economists said upward pressure import prices result dollar drop well volatile energy component warrant attention case gains areas become wider economic picture long price rises become cost living adjustments contained labor contracts thus reducing international competitiveness federal reserve would probably willing tolerate four pct inflation said larry g warburg co inc reuter
skyline corp rd qtr feb shr cts vs seven cts net vs sales mln vs mln nine mths shr cts vs cts net vs sales mln vs mln note quarter nine month earnings includes gain sale idle facilities dlrs four cts share nine months earnings include gain sale idle facilities dlrs three cts share reuter
corrected elder beerman stores corp th qtr feb one end oper shr cts vs dlrs oper net vs sales mln vs mln year oper shr dlrs vs dlrs oper net vs sales mln vs mln note prior year net periods excludes gain dlrs reversion pension plans corrects current year operating net reuter
great american sees charge writedown great american corp said preliminary findings regulatory subsidiary result first quarter charge mln dlrs writedown mln dlrs charge made allowance possible loan losses writedown real estate great american said conducting regular examination final report expected several weeks management intends include charge writedown response preliminary findings great american said regulatory authorities requiring adjustment previously reported financial results great american however great american revised previous estimates provisions possible losses added mln dlrs allowance account december said took action since charge offs significantly allowance possible loan losses economic environment show signs significant improvement near future said additional provision increases allowance mln dlrs representing pct outstanding loan portfolio pct non performing loans year end great american said revised net loss fourth quarter mln dlrs dlrs per share compared net loss mln dlrs dlrs per share year earlier reuter
southwest stone comply merger southwest forest industries said stone container corp federal waiting period requirements stone proposed dlr per share cash acquisition southwest southwest currently mln shares outstanding companies entered merger agreement january made initial findings department justice federal trade commission february three southwest said waiting period expired march without receiving formal second request information reuter
italy eni invest venezuelan projects italy state owned ente nazionale idrocarburi eni invest mln dlrs two joint ventures coal petroleos de venezuela eni president franco said speaking news conference said two projects eventually bring mln dlrs annually foreign exchange venezuela help diversify country export base joint ventures principal instrument allowing resources industrialized countries developing world lead future growth said eni subsidiary join petrochemical subsidiary pdvsa building mln dlr plant produce gasoline additive used increase octane levels mt per year plant jose eastern venezuela fed butane produced pdvsa eastern complex eni owns pct joint venture company super c pct remaining three pct sold private investors production set begin third quarter officials said plant one saudi arabia another eni subsidiary agip sign letter intent caracas tomorrow enter partnership pdvsa mine coal deposits western state said feasibility studies still done project definitive accord slated august added agip atlantic richfield coal arco subsidiary formed consortium pct project whose total cost estimated mln dlrs company said agip invest pct mln dlrs project said reuter
sumita says major nations continue cooperate stabilize currencies
crime control inc th qtr net loss shr loss dlrs vs loss cts net loss vs loss revs vs avg shrs mln vs mln year shr loss dlrs vs loss dlrs net loss vs loss revs mln vs mln avg shrs mln vs mln note net loss includes fourth quarter charge mln dlrs writeoffs certain assets net loss includes charge mln dlrs settlement class action lawsuit reuter
sun life assurance profit year div p making p vs p profit tax mln stg vs mln tax mln stg vs mln bonus distribution rose new record level mln stg vs mln full name company sun life assurance society plc l reuter
macandrews forbes holdings bids revlon forbes holdings inc said offer dlrs per share revlon group inc rev outstanding common stock said terms acquisition determined subject acquisition financing revlon closed yesterday new york stock exchange company said would bid stock affiliates already forbes said informed board directors revlon expects make formal proposal near future also said assurance terms proposals deal concluded reuter
pemex signs mln dlr japan loan pipeline mexican state oil firm petroleos mexicanos pemex signed mln dlr loan export import bank japan finance pacific petroleum project pemex japan representative said details loan immediately available told oil seminar project due completion aimed improving distribution oil products domestic market mainly along pacific coast project consists pipeline linking gulf mexico salina cruz pacific coast construction second phase salina cruz refinery project also includes construction petroleum gas storage tanks santa cruz additional crude oil storage ends pipeline complex cardenas pacific coast expansion infrastructure port salina cruz said pemex buy mln dlrs worth foreign equipment materials project said new pipeline enable japan load mexico crude oil salina cruz rather gulf mexico pemex also surplus available salina cruz may help japan diversify supply sources product added reuter
agency reports ships waiting panama canal panama canal commission u government agency said daily operations report backlog ships waiting enter canal early today next two days expects due scheduled transit end day backlog average waiting time tomorrow super tankers regular vessels north end hrs hrs south end hrs hrs reuter
macandrews forbes begins revlon rev offer macandrews forbes group inc said began dlr share cash offer common stock revlon group inc already offer made wholly owned subsidiary acquisition corp subject financing least mln shares tendered company said macandrews forbes wholly owned ronald perelman chairman revlon group held pct voting power revlon march spokesman said stake includes pct revlon common pct series preferred stock said
livingwell inc well year shr six cts vs three cts net mln vs mln revs mln vs mln note increase earnings due elimination preferred dividend requirements reuter
sweden boliden announce major corporate takeover today official
peat marwick nolan norton merge peat marwick accounting management consulting firm nolan norton co information technology planning concern said merged companies said merger nolan known nolan norton co partners information technology arm peat marwick also part merger nolan become peat marwick partners companies said reuter
independence bancorp completes merger independence bancorp inc said completed merger penn based third national bank trust co assets mln dlrs independence said combined assets billion dlrs company said share third national common exchanged shares common independence said merger accounted pooling interests reuter
nippon steel inland discussing u joint venture nippon steel corp inland steel co u negotiating set joint steel venture indiana nippon steel spokesman said declining give details several local newspapers reported joint venture would capitalised mln dlrs owned pct inland pct nippon steel annual production capacity one mln tonnes steel supply car makers reuter
peoples ban corp sees st quarter net peoples ban corp said expects report first quarter earnings six mln dlrs including gain dlrs settlement dispute internal revenue service sale four banking offices vancouver wash company said expects report normal earnings rest year five mln dlrs per quarter peoples earned dlrs last year first quarter lost dlrs reuter
best co inc rd qtr net shr cts vs four cts net vs revs mln vs mln avg shrs mln vs mln nine mths shr cts vs eight cts net vs revs mln vs mln avg shrs mln vs mln reuter
canada december gdp gains pct canada gross domestic product industry rose seasonally adjusted pct december largest monthly gain since april statistics canada said gdp fell pct november pct december level federal agency said output goods producing industries rose pct month virtually growth manufacturing mining services producing industries expanded pct reuter
cheung kong holdings ltd hk year shr h k dlrs vs final div cents vs making cents vs net billion dlrs vs mln note earnings excluded extraordinary gains mln dlrs vs mln bonus issue one four vs nil share split four one dividend payable june books close may reuter
papua new guinea plans resources investment agency papua new guinea government establish public corporation invest resources projects minerals energy minister john said intend provide means less individuals become part owners beneficiaries development mining petroleum projects told parliament existing policy allowing state pct equity major mining projects pct oil gas projects would maintained said planned agency could take state equity current developments said papua new guinea boom exploration companies spending mln annually mining petroleum projects government determined ensure papua new ownership minerals petroleum projects increases orderly way said say corporation would established exactly form would take said government would study whether directly involved exploration development reuter
sees sharply lower th qtr net inc said estimates fourth quarter ended february earnings eight cts share cts earned final quarter fiscal company said major causes reduction unfavorable lifo adjustment projected sales quarter due primarily unfavorable weather despite th qtr results said net income year ended come close record level previous year dlrs dlrs share reuter
industries inc th qtr dec shr loss nine cts vs profit cts net loss vs profit revs mln vs mln year shr profit cts vs profit cts net profit mln vs profit revs mln vs mln note net includes loss three cts mln dlrs th qtr loss cts dlrs year discontinued operations reuter
southwest realty liquidity problems southwest realty ltd said believes could make scheduled debt service payments despite rental operations making payments would probably severely liquidity restrict ability maintain quality properties company today reported loss dlrs compared profit dlrs southwest said addition monthly debt service payments dlr loan one houston properties due mature april one southwest said commitment reduce interest rate extend houston loan one year accepted said talks underway lenders houston properties obtain partial debt service granted would cut cash deficits levels loan could involve bankruptcy litigation connected specific properties involved could involve suspension interest principal payments lenders southwest said attempts restructure debt succeed could lose one properties southwest said houston properties made pct current value equity december dlrs per share dlrs year company said depending success talks operating results one two properties could become subject similar negotiations two additional properties comprised pct current value equity year end southwest said reuter
nuclear support buy itt itt nuclear support services inc said agreed principle buy business assets itt service itt corp undisclosed amount engaged performing nuclear plant repair work revenues mln dlrs year ended december nuclear support supplier support personnel services nuclear power industry net income mln dlrs sales mln dlrs reuter
viner viable heck hex move e viner holdings ltd said earlier reported chapter bankruptcy filing heck inc hex viner holds shares would materially affect viner capital position ability carry profitable brokerage business viner said brokerage subsidiary edward viner co regulatory capital mln u dlrs year end company said heck chapter filing could however affect viner previously reported legal action recover costs merger agreement heck said viner group made merger offer assessing options regarding heck investment viner earlier reported fourth quarter loss u dlrs mln dlr writedown stake heck earned dlrs previous fourth quarter full year earnings totaled mln dlrs year earlier loss mln dlrs full year earnings included dlr net writedown heck stake said reuter
gencorp gy rights separation date gencorp inc said continuing evaluate general acquisition inc tender offer fixed april subject extension date rights purchase preferred shares trade separately common stock result tender offer extension expiration date conditioned person acquiring beneficial ownership pct gencorp common stock prior april said gencorp said could distribute rights certificates shareholders days march acquisition offer made however rather leaving expiration date range board decided set april day distribute preferred share purchase rights reuter
canadian foremost ltd year net shr cts vs cts net vs revs mln vs mln reuter
sand technology systems nd qtr net ended january shr nil vs nil net profit vs loss sales vs avg shrs vs six mths shr loss one ct vs loss one ct net loss vs loss sales mln vs mln avg shrs vs reuter
dresdner propose dividend marks vs one bonus share issue
southern national corp sets stock split southern national corp said board declared three two stock split payable shareholders record may company spokeswoman said payable date split yet fixed would shortly record date reuter
miyazawa sees big nations reaffirming paris pact finance minister kiichi miyazawa told parliamentary committee expects major nations currency pact struck paris meet week washington political sources said minister also quoted saying expects major nations take coordinated action ensure exchange rate stability finance ministry officials unavailable immediate comment paris february six nations britain canada france japan u west germany pledged cooperate hold currencies stable reuter
resources ltd year loss shr loss dlrs vs loss cts net loss mln vs loss revs mln vs mln note includes charge mln dlrs due writedown oil gas interests writeoff goodwill patents provision disposal surplus inventory losses disposition operating units writedown assets held disposal reuter
charter federal jefferson merge charter federal savings loan association bristol va said agreed acquire jefferson savings loan association va terms transaction would result billion dlr thrift institution stockholders jefferson get dlrs per share half cash half shares charter resulting association operate name charter based bristol transaction valued mln dlrs jefferson spokesman said charter said merger subject approval federal home loan bank board jefferson reported mln dlrs loss assets mln dlrs year ended september year ended june charter reported net income mln dlrs assets totaled mln dlrs december reuter
allied signal ald completes unit sale allied signal inc said completed previously announced sale linotype group commerzbank ag west germany purchase price disclosed west germany based linotype sales mln dlrs company said reuter
money rates international summary apr u fed funds broker loan bills cds paper international call month month par tok
moody may downgrade piedmont aviation pie moody investors service inc said may downgrade mln dlrs debt piedmont aviation inc airline agreement acquired usair group inc u rating agency said review would focus effect acquisition piedmont financial leverage debt service requirements moody said also examining potential use airline borrowing capacity finance merger piedmont currently carries baa preferred stock prime commercial paper reuter
raymond corp declares qtly div qtly div cts vs cts prior pay march record march reuter
boliden takes allis chalmers division swedish mining metals group boliden ab blds st said would buy mining equipment operations u allis chalmers corp ah amounting pct group sales mln crowns boliden president kjell nilsson told news conference acquisition allis chalmers unit described world leading producer equipment mineral processing industry would yield positive effects boliden mining metals engineering operations nilsson said takeover also provide opportunities cooperate mining materials handling operations boliden parent company trelleborg ab said allis chalmers selling needed new cash suffering big losses farm equipment operation deal subject approval allis chalmers annual meeting company officials said reuter
bp says plans close swedish refinery british petroleum co plc bp l said plans close refinery despite forecasts swedish finance ministry committee might planning move committee said refinery future looked bleak swedish petroleum industry competitiveness expected worsen unless invested effects possible tightening rules sulphur content bp said unit sweden petroleum ab pct stake performed well technically financially including first quarter current restrictions sulphur known future plans sweden export markets cause serious problems said statement refinery started annual capacity mln tonnes reuter
des moines inc acquire steel unit des moines inc said acquire chicago steel corp exchange portion stock reuter
boise cascade completes sale unit boise cascade corp said completed previously announced sale consumer packaging division products co approximately mln dlrs reuter
super rite foods inc sets qtrly payout qtrly div five cts vs five cts prior pay april record april
venezuela lend oil ecuador export venezuela supply ecuador yet amount crude oil help meet export commitments seriously affected last week earthquake energy mines minister arturo hernandez grisanti said gave details deal said crude oil loan agreement made state oil companies petroleos de venezuela pdvsa ecuador cepe ecuador forced suspend oil exports expected four months earthquake damaged pipeline oil accounts per cent export income hernandez speaking reporters results talks ecuador deputy energy minister fernando santos alvite arrived last night volume lent ecuador would discounted opec quota would affect venezuela said would august produce quota sell additional amounts ecuador would repaying us said elaborate quota arrangements say ecuador would opec telex venezuela would lending certain amount many days venezuela opec output quota currently million barrels day ecuador set bpd reuter
new world pictures sells taft tfb stake new world pictures ltd said sold shares five pct taft broadcasting co common stock gain mln dlrs company said brief statement acquired stock late gave details company officials immediately available comment friday taft vice chairman dudley taft narragansett capital inc offered acquire taft dlrs per share dudley taft family owned pct company investment group robert bass one bass brothers fort worth texas reported owning pct taft stock american financial corp chairman carl lindner reported pct bass acquired taft shares recent months reuter
barclays midland follow base rate cut barclays bank plc l midland bank plc l said cutting base lending rates pct pct cuts follow similar move national westminster bank plc nwbl l rate changes take effect tomorrow base rate reductions came bank england cut dealing rates morning signal money markets would resist half percentage point drop bank base lending rates market sources said end last week central holding market pressures lower rates apparent effort preserve expected rate cuts around time government annual budget march sterling remained firm around dlrs compared close friday dlrs reuter
regular dividend set qtly div dlrs vs dlrs pay may record march note full name american information technologies corp reuter
toll stock split public offering toll brothers inc said declared two one split common stock said filed registration statement securities exchange commission proposed public offering shares common adjusted split record date split april certificates representing additional shares mailed april company said stock price adjusted reflect split april reuter
shared medical systems corp sets payout qtly div cts vs cts prior pay april record march reuter
copper meeting agrees goals study group world major copper producing consuming countries reached degree consensus objectives future study group aimed reviewing world copper market officials said governments represented meeting consider proposed forum copper recommended another session held september consider nature group spokesman united nations conference trade development unctad said one week meeting ended today held examine u initiative set copper study group new body would aim negotiating measures stabilise depressed world prices objectives would include increasing market improved statistics undertaking activities aimed developing copper market contributing improvement demand unctad spokesman said agreed detailed objectives way cleared setting body reuter
inspiration lowers copper price cts lb inspiration consolidated copper co subsidiary inspiration resources corp said lowering base price full plate copper one half cent cents lb effective immediately reuter
force winds great lakes national weather service said force winds remained effect lakes erie huron michigan also posted large waves beach erosion along lakes winds mph caused four six foot waves along western southern lake michigan morning low wind temperatures also posted across portions upper michigan northern lower michigan early morning winds brought wind degrees zero rain scattered central colorado mid morning also central kansas northeast illinois snow reached south central montana across wyoming western nebraska western kansas snow also extended across northern wisconsin upper michigan northern lower michigan rain reached along northern pacific coast across northwest utah maryland virginia georgia northern alabama reuter
nature inc year loss shr loss cts vs loss cts net loss vs loss revs mln vs mln reuter
rank organisation current trading satisfactory rank organisation plc rank l said trading current year continued taking account seasonal fluctuations association companies rank xerox ltd indicated improved performance statement issued annual meeting said said planned spend mln stg odeon cinema chain rank film distributors unit committed spending mln secure international distribution rights films investment new activities continue relatively high level exploit opportunities growth rank said exclude possibility making large well small acquisitions year end october rank reported rise pretax profits mln stg mln previously rank shares firmed morning trading quoted p gmt p last night close reuter
storm brings heavy u plains national weather service said powerful winter storm north central oklahoma snow western central kansas across much nebraska southern eastern south dakota rain reported across parts minnesota iowa eastern kansas missouri eastern oklahoma extending arkansas lower mississippi valley alabama northwest florida strong winds mph stronger reported across much plains causing considerable snow warning continued morning across western kansas winter storm warning issued morning central northeast nebraska weather posted morning central kansas central southeast sections south dakota two five inches snow could locally heavy rains accompanied storm portions central plains flood issued morning across eastern half kansas flood warning continues today eastern nebraska widespread small stream flooding expected continue eastern nebraska wednesday due cold conditions livestock posted morning across central southeast portions south dakota storm moves north across central plains winter storm issued south central south dakota late tonight wednesday west central minnesota elsewhere travelers advisory remains effect morning northeast new mexico oklahoma panhandle snow across mountains southern california strong winds mph issued today along central california coast mostly clear extended great lakes ohio valley central central atlantic coast new england reuter
campbell resources inc nd qtr shr profit three cts vs loss cts
u bill auctions seen pct u treasury weekly auction expected produce average rate pct three month bills one pct six month bills dealers said shortly auction time new bills rate outstanding three month bills unchanged pct bid rate six month bills one basis point higher pct bid reuter
dollar general corp qtly dividend qtly div five cts vs five cts prior payable april three march reuter
american building maintenance st qtr net shr cts vs cts net vs revs mln vs mln note american building maintenance industries inc reuter
waste wmx ends offer chemlawn chem waste management inc said wholly owned subsidiary wmx acquisition corp ended tender offer buy shares chemlawn corp dlrs share shares tendered waste management returned shareholders soon practical said earlier week chemlawn agreed accept merger proposal dlrs share ecolab inc transaction valued mln dlrs reuter
bhp co ltd net profit mln dlrs first three qtrs vs mln
houston oil trust ho royalties houston oil trust said royalty funds available distribution unit holders april also said based recent independent petroleum engineers estimates oct may amounts distribution rest year reuter
corrected american variety international inc shr loss seven cts vs profit cts net loss vs profit revs vs corrects year ago per share profit instead loss item ran march reuter
equity oil co th qtr loss shr loss nine cts vs profit cts net loss vs profit revs vs year shr loss six cts vs profit cts net loss vs profit revs mln vs mln note per share figures reflect five pct stock dividend paid december reuter
corp th qtr net shr cts vs cts net vs sales vs year shr cts vs cts net vs sales mln vs mln reuter
ltd st qtr feb net shr dlrs vs dlrs net mln vs mln note net asset value per share dlrs vs dlrs reuter
ivory coast confirms presence cocoa talks senior ivory coast agriculture ministry official confirmed country backing new international cocoa pact said ivorian delegates would present talks buffer stock starting week official told reuters ivorian agriculture minister denis bra kanon would attend opening talks convened international cocoa organization icco london monday bra kanon due return home week funeral sister ivorian president felix scheduled held country capital march senior ivorian delegates present throughout london talks official said bra kanon chairman icco council rumours ivorian delegates might delayed public west african nation helped depress already low world cocoa prices friday official said ivory coast continued support new pact agreed principle last year world cocoa exporters consumers also said bra kanon would fulfil duties icco council chairman talks scheduled end march meeting aims set rules operation pact buffer stock producers hope boost market hit successive world cocoa surpluses ivory coast participate last international cocoa pact decision join new accord sparked hopes successful supporting prices reuter
horizon corp th qtr net oper shr profit dlrs vs loss eight cts oper net profit mln vs loss revs mln vs year oper shr profit dlrs vs loss cts oper net profit vs loss revs mln vs mln avg shrs vs note net includes tax credits dlrs quarter dlrs year net periods excludes dlr loss discontinued operations net periods includes pretax gain mln dlrs sale remaining interest paradise hills n development reuter
affiliated publications buy billboard affiliated publications inc said agreed acquire outstanding stock billboard publications inc mln dlrs cash shareholder group led boston ventures limited partnership affiliated owns company publishes boston globe said acquisition give strong position growing market specialty magazines separate agreement affiliated said certain members billboard management plan buy pct equity billboard following affiliated acquisition company billboard publishes eight specialty magazines including billboard magazine annual also publishes distributes speciality books four operates two book clubs affiliated parent company globe newspaper co publisher boston globe also interests cellular telephone services providers reuter
fund inc sets monthly dividends fund inc said board declared monthly dividends six cts april four cts may five cts june seven cts july six cts august fund omits dividends march september last paid six cts february dividends declared today payable april three may six june four july three august six holders record march april may june july reuter
products inc year loss shr loss eight cts vs profit four cts net loss vs profit revs vs note net includes nonrecurring expenses dlrs reuter
confidence opec firms u energy futures renewed confidence opec ability limit production helped u energy futures settle yesterday closing prices according analysts also said heating oil contract found additional support short covering rally close april crude closed cts higher dlrs april heating oil cts higher cts gallon traders expected follow profit taking yesterday market found bullish reports opec producing within quota said simon vice president morgan stanley co inc news today including opec president rilwanu lukman statement opec february production exceed official quota mln barrels per day helped prices traders said reuter survey found opec production early march mln bpd addition short covering heating oil found support traders buying sales gasoline crude well expectations continued stocks refiners shut maintenance traders said unleaded gasoline april finished cent higher cts gallon reuter
eastman kodak co sell holdings icn pharmaceuticals viratek inc
japan sugar cane output seen falling agriculture ministry survey estimated nation crop sugar cane output mln tonnes mln year earlier ministry officials said decline due bad weather reduction land sugar cane season totals hectares said harvesting december april japan final output announced beginning june said reuter
pillsbury co psy votes quarterly dividend qtly div cts vs cts prior qtr pay may record may reuter
amoco first south china sea exploratory well flows barrels oil daily
pakistan trade deficit narrows february pakistan trade deficit narrowed billion rupees provisional february billion final january compared billion february federal bureau statistics figures show exports fell billion rupees provisional february billion final january compared billion february imports fell billion rupees provisional february billion final january compared billion february reuter
vista resources inc th qtr net shr dlrs vs one dlr net vs revs mln vs mln mths shr dlrs vs dlrs net vs revs mln vs mln reuter
mannesmann seeks stake u firm mannesmann ag f diversified engineering pipe making group interested taking stake u company companies yet found suitable firm spokesman said reply questions mannesmann managing board chairman werner dieter told business weekly interview mannesmann wanted invest u company order strengthen presence u market dieter said mannesmann would act quickly found firm wanted take stake mannesmann spokesman declined say industrial sector group may make u acquisition big acquisition might also said group yet completed taking stake car components firm fichtel und sachs ag mannesmann said january hoped take pct stake fichtel und sachs holding company sachs ag first quarter spokesman said mannesmann letter intent takeover company late owner completion delayed legal questions concerning reuter
fire hit sandoz profits sandoz ag z would reported percentage rise net profits close double figures rather actual two pct november warehouse fire senior company official said official declined identified told reuters sandoz made substantial addition reserves cope consequences accident caused severe pollution rhine sandoz today reported without comment rise net profits mln francs previous mln five pct increase dividend francs per franc nominal share year began well performance january february least equal period last year official said company expected give fuller details results news conference april sandoz insisted insured cover liability arising accident official said addition reserves cover one pct claims covered voluntary wanted compensate effects pollution fire sandoz given figure claims flowing switzerland countries rhine since accident however official said final figure would much less cited earlier comments gave details line fellow chemical giant ciba geigy z reported last month sandoz profit turnover also hit falling dollar official said sales local currency terms pct market share increases united states japan offset pct negative foreign exchange effect produced reported one pct drop turnover billion francs sandoz official said net profit ciba geigy dropped pct billion francs sales fell pct billion francs third major swiss chemical company f la co z yet reported results reuter
industries inc st qtr jan net shr cts vs cts net vs sales mln vs mln avg shrs vs reuter
woolworths ltd yr ended feb shr cents vs final div nil vs cents making six year vs pre tax profit mln dlrs vs mln net mln vs mln turnover billion vs billion income mln vs mln shrs mln vs mln note net tax credit mln vs tax paid mln depreciation mln vs mln interest mln vs mln minorities vs mln extraordinary net profit mln vs loss mln reuter
henley group heng unit wins taiwan contract henley group inc w kellogg co unit said selected chinese petroleum corp design build plant chinese petroleum refinery taiwan terms contract disclosed kellogg said total cost plant mln dlrs kellogg said engineering plant capacity tonnes year already underway construction begin plant go operation kellogg said reuter
amcast industrial corp nd qtr march one shr profit cts vs loss dlrs net profit vs loss mln sales mln vs mln avg shrs vs st half shr profit cts vs loss dlrs net profit vs loss mln sales mln vs mln avg shrs vs reuter
search british ferry cargo continues search continued cargo chemical herald free enterprise ferry capsized zeebrugge harbour friday total various materials trucks ship hold recovered belgian authorities warned essential recover containers based solution net thrown loading doors front ship prevent floating salvage workers moved cranes place alongside ton roll roll ferry lies partly outside harbour ferry owner european ferries plc majority owned peninsular oriental steam navigation co plc l operation right vessel began yesterday divers abandoned search bodies experts said could take months ship free bodies estimated trapped amid problem waters normally expect one working day four said dutch salvage experts smit international rotterdam estimated job would require working days using cables salvage experts intend raise ship set alongside salvage work could exact cause loss ferry one three sister vessels cross channel routes england continental europe suspicion present focused ferry main vehicle loading doors set close water level london transport secretary john moore told parliament yesterday ship water bow doors said major government inquiry disaster held similar ferries britain owners asked fit give warning bow doors properly closed experts carrying tank computer tests determine accident occurred focus attention ship doors system crew procedures added two investigations disaster also begun one belgian one ferry owners reuter
coffee traders expect selloff ico talks fail failure international coffee organization ico reach agreement coffee export quotas could trigger massive selloff london coffee futures least stg per tonne today coffee trade sources said prices could easily drop low dlr even cents lb year around dlrs said special meeting importing exporting countries ended deadlock late yesterday eight days talks set quotas meeting discuss quotas set delegates said quotas major device used stabilize prices international coffee agreement suspended year ago prices soared following damaging drought brazil quotas sight heavy producer selling initially price war among commercial coffee companies trade sources predicted lower prices sure supermarket shelf spring coffee dealers said u brazil largest coffee importer exporter respectively laid blame breakdown talks rosenbaum u assistant trade representative delegate talks said statement council adjourned majority producers led brazil prepared negotiate new distribution based objective criteria want insure countries receive export quotas based ability supply market instead political influence ico brazilian coffee institute ibc president jorio dauster negotiations failed consumers tried dictate quotas negotiate previously quotas determined historical amounts exported gave brazil pct share global market mln kilo bags majority producers wanted quotas continue basic scheme consumers group eight producers proposed export market basis exportable production stocks would reduce brazil share pct consumer delegates said method would reflect changes many countries export capabilities make coffee readily available consumers need last minute attempt colombia second largest exporter rescue talks compromise interim proposal could bring two sides together delegates speculated brazil financial problems recent suspension interest payments bank debt increased political pressure country protect coffee export earnings developing coffee producing countries depend heavily coffee earnings particularly african nations colombia likely hurt ico failure agree quotas analysts said expected drop prices could result losses much three billion dlrs year producer delegates forecast ico executive board meet march full council due meet september delegates said reuter
french institute pessimistic growth french gross domestic product grow pct real terms year compared government forecast two pct growth private des et le des said however expects growth recover next year level two pct said demand production would develop parallel year contrast last year production unable keep pace strong rise domestic demand higher import demand claims international monetary fund imf rose mln francs billion francs due net francs member nations increase reserves special drawing rights sdrs due mainly repayment french debts deficit european monetary cooperation fund fecom remained unchanged february billion francs french household consumption rose pct last year likely grow pct year pct added industrial investment expected rise pct year pct pct inflation running pct end likely rise pct end year said government forecast pct however institute said inflation would fall back pct end provided real wage costs remain within framework productivity rises reuter
champion products approves stock split champion products inc said board directors approved two one stock split common shares shareholders record april company also said board voted recommend shareholders annual meeting april increase authorized capital stock five mln mln shares reuter
industries unit service industries inc said shipping subsidiary united states lines inc reached agreement principle transfer south american service american transport lines inc subsidiary maritime corp terms agreement united states lines lease five vessels american transport months option extend period years company said return u lines receive fixed payment percentage revenues least three years possibly long american transport vessels conducts trade south america company said companies consummate transactions soon required approvals obtained said reuter
carter wallace inc car sets regular payout qtly div cts vs cts prior pay june record april reuter
gatt round may stop growing trade problems u successful new gatt general agreement tariffs trade round needed halt growing bilateral trade problems major trading partners u trade representative clayton yeutter said yeutter new zealand informal gatt ministerial talks told reuters bilateral trade disputes increasing multilateral system inefficient really strong need new gatt round said existence bilateral clearly need develop multilateral solutions problems eighth gatt round negotiations launched punta del este uruguay september agriculture services included negotiations first time growing debt burden latin american african nations also provide impetus gatt round succeed said clearly countries need develop export need open markets happen basic objective new gatt round said gatt round long term endeavour give short term relief debt ridden countries make difference years worthwhile activity debts going go away next year two said ought strongly supported gatt round mechanism relieving debt burdens making possible debt future said reuter
dynamics corp th qtr net shr profit one ct vs loss two cts net profit vs loss sales vs year shr loss one cts vs loss five cts net loss vs loss sales mln vs reuter
sell premier microwave inc said agreed principle sell pct outstanding shares premier microwave corp seven mln dlrs said buyers include investment group composed unit management company said expects sale close next weeks proceeds used reduce debt reuter
japan says trying expand domestic demand japan assured meeting trade ministers making every effort expand domestic demand restructure economy japanese trade representative hata told informal general agreement tariffs trade gatt meeting addition demand boosting measures adopted last september comprehensive economic program prepared budget approved hata speaking first session two day meeting said agriculture exception goal restructuring economy elaborate hata said protectionist pressures international economy strong ever reflecting financial deficits payment imbalances serious unemployment many countries despite great potential developing economies still difficulties particularly debt added basis talks gatt ministerial declaration last september punta del este uruguay subsequent trade negotiating plan agreed geneva essential first commitment implementing plan scheduled hata said hata added constructive speed negotiations areas expense others order rebuild free trade system important domestic policies serve end part contribution japan plans april fundamentally improve system preferences industrial mining products make japan domestic market open developing countries said reuter
bolivia top union leader miners fast bolivia top union leader today joined hunger strike state employed miners workers press higher wages said juan lechin secretary general bolivian labour organization cob told reporters joining fast abide call hunger strike lechin became one cob leaders join hunger strike protest austerity programme government president victor paz estenssoro striking leader began fast leaders miners employed state corporation comibol due star negotiations ways solve conflict pay miners workers entered today fourth day fast union offices press substantial hike bolivia minimum monthly wage dlrs cob leader walter said take part miners negotiations force suspend fast lechin told reporters comibol miners strike entered fifth day press higher wages funds mining nationalised industry miners two thirds working force laid government decision deficit ridden state corporation following collapse international tin price government faced mounting social unrest economic policies called miners strike part campaign aimed visit west german president richard von weizsaecker began four day visit last friday regret able attend president weizsaecker dinner tonight hunger strike lechin told reporters also strike weizsaecker dinner tonight paz estenssoro invited lechin victor miners federation top leader although joined fast union sources said unlikely would attend dinner reuter
grace completes retail unit sale w r grace co said completed sale experts retail business new company management led buyout grace received mln dlrs cash record pretax gain mln dlrs first quarter company said additional pretax gain mln dlrs deferred realization fully assured said diversified chemical industrial company said sale completes program divest retail operations addition cash payment grace received warrants buy pct new company pct proceeds debt new firm financing provided prudential insurance co america affiliates reuter
lng imports algeria unlikely liquefied natural gas imports algeria unlikely happen even though economically u industry analysts sources said director general algerian state petroleum agency indicated television interview imports would made year contract negotiations filing u government time required restart terminals delay import daniel natural gas analyst shearson lehman bros said currently negotiating two former customers panhandle eastern subsidiary corp cbt resume lng export company officials told reuters third el gas subsidiary burlington northern expressed interest industry analysts said imports algerian lng marginal cost basis companies made capital investment handle lng import operate profitably even current price environment frank energy economist bankers trust said analysts major impact algerian imports u prices currently soft expected trend higher end decline gas drilling time lag bring gulf mexico productions tighten gas supplies firm prices shearson said context algerian lng import would source supplemental supply u domestic production added company sources currently talks algeria agree saying algerian lng would serve meet peak demand company sources also said negotiations algeria would emphasize arrangements would relate volumes market requirements prices u spot market values reuter
nippon steel invests mln dlrs gtx corp gtx corp said nippon steel co japan move diversify high technology invested eight mln dlrs gtx nippon move result current exchange rates revaluation yen made u electronics industry attractive investment opportunity japanese corporations according gtx statement gtx noted nippon expecting sales billion dlrs amount six billion dlrs targeted electronics gtx located phoenix makes computerized systems read drawings transfer data bases reuter
pier imports dates split pier imports inc said amended record distribution dates previously announced three two common cts preferred stock split split common cts preferred shares distributed july shareholders record june stock split requires shareholder approval increase authorized shares common stock mln mln increase authorized shares preferred stock five mln one mln company said change dates based company desire additional common cts preferred shares trade practical period time issued basis following favorable shareholder vote annual meeting june said previously announced record distribution dates may june respectively company said reuter
gencorp st qtr shr cts vs cts
marshall steel ltd year net oper shr five cts vs cts oper net vs revs mln vs mln note former name marshall inc results include extraordinary gains dlrs cts per share dlrs cts income tax reduction reuter
mercantile bank n raises prime rate mercantile bancorp said mercantile bank n raised prime rate pct pct effective immediately reuter
u gold eagle sales projected mln ounces american eagle gold bullion coin sales projected mln troy ounces first year market well target mln pope director u mint told journalists world sales began october reached mln ounces less six months sales made world market leader share pct pope said pope said volume terms nearly half gold eagle sales within north america roughly pct europe eight pct asia said despite introduction several new gold bullion coins market recently mint aiming preserve eagle strong market share extensive mint uses mainly newly mined u gold coins long available market prices remaining gold taken either u treasury stocks open market pope said gold analysts said eagle facing competition canadian maple leaf also lesser extent south african estimated maple leaf west german market share pct figures may distorted many german investors buy gold bullion switzerland luxembourg pct value added tax imposed including tax one ounce coins traded today marks said competition may also come new gold coins including belgium ecu began sales today britain australia also plans mint gold bullion coins analysts said reuter
pesch unit seeks balance republic health alpha health systems corp wholly owned subsidiary pesch co said submitted merger proposal board reph acquisition co parent company republic health corp pct owned pesch interests balance reph common stock owned members republic management mcdonnell douglas corp md donaldson lufkin jenrette pacific asset holdings l p republic currently owns hospitals manages facilities states details proposal disclosed company representatives immediately available proposal provides reph would become wholly owned subsidiary alpha existing reph common stockholders would become stockholders alpha said reph board appointed special committee negotiate terms proposed merger pesch said last year republic acquired reph leveraged buyout transaction led dr pesch principal shareholder pesch co alpha recently submitted second offer acquire stock american medical international inc ami dlrs share cash securities still considered american medical board pesch said reuter
consensus builds world agricultural reform top u european farm trade government representatives called sweeping reform world agriculture redress critical demand supply imbalance conference world agricultural markets demonstrated growing u european consensus need urgent collective overhaul world farm trade production vital work together bring freedom world agricultural trade markets may grow even severe protection climb higher level possible retaliation become harmful u department agriculture deputy administrator william said said two day meeting ends tomorrow demonstrated u need adjust policies changing market environment need urgent reforms justified imbalance tensions world economy secretary general organisation economic cooperation development jean said forum reform general agreement tariffs trade noted stressed need progressive joint reduction agricultural subsidies well social measures help farmers unprofitable areas another possible solution would stop supporting farm prices allowing fixed supply demand instead help farmers income support adjustment aids proposed james howard executive vice president cargill usa one world largest cereal houses agricultural adviser west german chancellor helmut kohl agreed european community must take greater market constraints fixing farm prices however policy treatment required take account large situation around ec said agriculture efficient sector european economy remain right policy pursued within community said reuter
shareholders approve merger federal savings bank said shareholders approved previously announced merger comerica inc bank holding company said merger still subject regulatory approval reuter
pantera pizza agree merge pantera corp said agreed principle acquire pizza inn inc cash stock transaction terms proposed transaction pizza inn share exchanged either three dlrs cash plus lesser shares pantera common stock dlrs market value pantera stock four dlrs cash plus unit consisting one share pantera stock non right receive share pantera stock certain conditions said completion transaction subject arrangement financing negotiation definitive agreement various regulatory approvals said pantera said pizza inn largest shareholder f j previously granted pantera option buy one mln shares pizza inn common stock owned pantera also said retained drexel burnham lambert inc act financial advisor connection merger pizza inn retained dean witter reynolds inc act financial advisor pantera said yesterday pantera stock closed dlrs nasdaq pizza inn stock quoted dlrs amex halted trading pending announcement proposed merger dallas headquarters pizza inn said completion transaction subject certain conditions including price pantera stock average less seven dlrs trading days merger agreement pizza inn said still permitted complete leveraged buyout agreement pizza inn acquiring corp approved shareholders subject financing
inc th qtr loss shr loss given vs profit cts net loss vs profit revs vs year shr profit cts vs profit cts net profit vs profit revs mln vs mln note pretax net profits dlrs vs dlrs quarter dlrs vs dlrs year reuter
core industries inc cri nd qtr feb net shr cts vs cts net vs sales mln vs mln six mths shr cts vs cts net vs sales mln vs mln note results include gain sale land dlrs six cts share results include loss discontinued operations dlrs four cts share quarter dlrs six cts share six months reuter
beecham group sell unit privately held investment firm clark co said signed definitive agreement investment group heads acquire roberts consolidated industries beecham group plc mln dlrs roberts makes distributes accessories adhesives tools used carpet installation clark said group includes roberts management london investment company j rothschild holdings plc said ronald j become vice chairman roberts j thomas clark chairman reuter
ferc issues take pay gas policy plan federal energy regulatory commission ferc issued proposed policy statement recovery take pay costs imposed existing natural gas contracts producers pipelines put statement vote day comment period also put alternative policy statement commissioner charles ferc said press release proposed policy statement exception commission general policy take pay buy buy costs must recovered pipeline commodity sales rates ferc added specifically cases pipelines assume equitable share buy buy costs commission proposes permit pipelines recover remaining costs demand rates said wanted guidelines buying reforming existing contracts help spread impact take pay costs responsible fair equitable way commission martha hesse said proposal represents commission attempt help industry difficult period transition competitive market hesse said hope proposed policy encourage guide timely resolution take pay contractual disputes industry transition competitive environment vital industry get problem behind us reuter
united inc th qtr shr loss one dlr vs profit seven cts net loss mln vs profit revs mln vs mln year shr loss dlrs vs loss dlrs net loss mln vs loss mln revs mln vs mln note earnings reflect preferred dividend requirements year includes one time gain mln dlrs reuter
penobscot shoe co st qtr feb net shr cts vs six cts net vs revs vs note current qtr net includes gain dlrs mostly sale securities property reuter
consolidate capital trust th qtr net shr cts vs nil net mln vs avg shrs vs year shr dlrs vs cts net mln vs avg shrs vs note net depreciation full name consolidated income opportunity trust reuter
siemens raises stake telecom plus u siemens ag sieg f fully owned subsidiary siemens systems inc raised stake telecom plus communications inc pct pct siemens spokesman said added telecom plus communications largest independent supplier telephone exchange systems u turnover mln dlrs stake acquired telecom plus international inc spokesman declined comment u newspaper reports purchase price totalled mln dlrs reuter
taiwan trade surplus widens first quarter taiwan trade surplus widened billion u dlrs first quarter billion year ago government statistics department said first quarter exports rose billion u dlrs billion period imports rose billion billion last year march trade surplus billion dlrs compared billion february billion march exports rose billion u dlrs billion february billion march last year imports billion dlrs billion february billion march reuter
guinness sell retail interests guinness plc guin l said part new strategy company selling retail interests concentrate resources developing international beverage businesses among firms sold martin gordon eleven convenience stores speciality u food importer richter brothers health products company nature best guinness said statement company strength well known beer spirits brands several good brand development potential including guinness publications guinness shares trading p announcement closing yesterday p reuter
cyclops cyl says dixons resign cyclops corp said three members board appointed last week dixons group plc resigned named three cyclops executives replace cyclops said moves followed announcement earlier today dixons received pct cyclops outstanding common stock extended tender offer expired yesterday dixons initially ended dlr share tender offer march receiving pct cyclops shares however securities exchange commission last friday pressed dixons reopen offer u k based company dropped condition least pct cyclops stock tendered close offer dixons extended offer yesterday earlier today indicated substantial number tendered cyclops shares withdrawn leaving shares pct roughly mln cyclops shares outstanding dixons said today purchased tendered shares combined shares already holds gives pct stake cyclops cyclops said board includes three newly named directors five outside directors board prior dixons tender offer three cyclops directors replaced dixons march agreement reached two companies reuter
inc st qtr feb net shr cts vs cts net mln vs revs mln vs mln avg shrs mln vs mln note week periods reuter
sumita says major nations cooperated stabilise currencies
fed expected take money market action federal reserve expected intervene u government securities market add drain reserves economists said economists said expect fed add reserves federal funds trading six pct said funds rate tone may indicate need add reserves current bank reserve maintenance period smaller previously estimated fed funds opened pct remained level yesterday funds averaged pct reuter
german analysts see gold firming later year price gold bullion likely rise second half year increased private investor demand west german analysts said gold could rise high dlrs per ounce later year said peter witte director westdeutsche landesbank girozentrale trading division presentation u mint promote gold silver eagle series coins lot depend oil prices developments stock exchanges witte said adding saw gold rises breaks dlrs gold fixed morning london dlrs despite current strong interest gold mine stocks many investors still want buy physical gold witte said interest gold mine stocks may also stock exchange way many countries start vice president commerzbank ag foreign exchange trading treasury department said gold poised rise dlrs ounce second half year price unlikely fall much dlrs ounce probably continue range dlrs first half year said reuter
coleco industries inc th qtr shr loss dls vs profit cts net loss mln vs profit mln revs mln vs mln year shr loss dlrs vs profit dlrs net loss mln vs profit mln revs mln vs mln reuter
bank japan sell billion yen bills bank japan sell tomorrow total billion yen worth financing bills holdings help absorb projected money market surplus billion yen money traders said total billion yen yield pct sales money houses banks securities houses day repurchase accord maturing may another billion yen yield pct day repurchase pact maturing april said repurchase agreement yields compare pct one month pct three week commercial bill discount rates today tomorrow surplus attributable government tax allocations local governments public entities operation put outstanding bill supply billion yen said reuter
texas industries inc rd qtr feb net shr loss cts vs profit one ct net loss vs profit sales mln vs mln nine mths shr loss cts vs profit dlrs net loss vs profit mln sales mln vs mln note current year net includes tax credits dlrs quarter dlrs nine mths reuter
canada december leading indicator pct canada leading composite indicator advanced pct december gaining pct two previous months statistics canada said index rose pct month turnaround pct decline november federal agency said manufacturing groups continued post advances goods production rose pct third increase last four months advances however offset household demand reuter
national entertainment corp rd qtr net jan end shr six cts vs eight cts net vs revs vs nine mths shr cts vs eight cts net vs revs vs note prior year net periods includes dlr tax credit reuter
inc rd qtr jan net shr five cts vs one ct net vs revs mln vs nine mths shr cts vs cts net two mln vs revs mln vs mln reuter
german wholesale prices fall pct february west german wholesale prices fell pct february january stand pct lower february federal statistics office said january wholesale prices rose pct december stand pct level january wholesale price declines led starch products pct light heating oil pct lower heavy heating oil pct lower green coffee pct among higher wholesale prices fresh vegetables pct fresh fruit pct eggs pct statistics office said statement reuter
energy corp year net oper shr profit cts vs loss dlrs oper net profit vs loss mln revs mln vs mln note net excludes mln dlr gain debt extinguishment net includes mln dlr writedown drilling rigs reuter
shearson pct chicago milwaukee shearson lehman brothers inc brokerage subsidiary american express co axp said acquired shares chicago milwaukee corp pct total outstanding common stock filing securities exchange commission shearson said bought stake mln dlrs investment purposes intention seeking control company reuter
c l acquiring stake tricil c l inc said would exercise right acquire ltd stake jointly owned tricil ltd mln dlrs closing expected may c l added final price could less however depending ontario court ruling resulting previously reported legal action launched c l ontario based tricil waste management company operations u canada reuter
neoax inc th qtr shr loss cts vs loss six cts net loss mln vs loss revs mln vs mln year shr profit cts vs profit cts net profit mln vs mln revs mln vs mln note th qtr year net reflects dividend requirements mln dlrs mln dlrs charges dlrs mln dlrs respectively payable pre reorganization tax loss carryforwards th qtr year net reflects dividend requirement mln dlrs mln dlrs respectively charges dlrs mln dlrs respectively payable pre organization tax loss carryforwards reuter
japan february reserves record billion dlrs japan external reserves rose record billion dlrs end february previous record billion end january finance ministry said end february reserves last year billion dlrs january nation foreign reserves showed largest ever monthly increase billion dlrs due massive bank japan dollar buying intervention month dollar fell briefly time low yen january foreign exchange dealers said reuter
canadian pacific ltd th qtr oper net cts vs cts
ec ministers discuss strengthening ems float european community finance ministers central bankers meet belgium weekend discuss strengthening europe joint currency float amid continuing worries turbulence foreign exchanges belgian finance minister mark eyskens host informal talks told reuters ministers central bank chiefs would discuss situation currency markets light february agreement among leading industrialised countries stabilise exchange rates around present levels interview eyskens said felt paris accord united states japan west germany france britain canada proved less doubts effectiveness growing since fears trade war united states japan computer microchips pushed dollar record low yen early week talks belgian resort held coordinate ec positions monetary issues third world debt ahead spring meetings international monetary fund world bank washington next week ec gathering begins tonight dinner main discussions take place tomorrow continued international currency turbulence could undermine plans european monetary system joint float holding eight ec currencies within narrow fluctuation feature high weekend agenda eyskens repeatedly said europe needs period calm world currency markets particular stable dollar set strengthening ems make exchange rate ems taking last year falling dollar sent funds dominant ems currency west german mark forcing ministers undertake two major parities within nine months interview eyskens made clear hoping wide ranging discussion future eight year old ems basis proposals drawn ec monetary committee committee central bank governors committees asked come proposals last ems exchange rates january eyskens repeated calls european currency unit ec currency core system take mark dominant role ems proposal met cool response west germany said ec commission president jacques delors would report meeting problems raised plans liberalise capital movements fully within nation bloc need taxes banking controls eyskens said liberalisation capital movements without strengthening ems would element community said crucial issue debate whether member states willing push towards ec goal monetary integration basis ems included management exchange rates kind common institution instead national central banks present plans creation institution ems thwarted reluctance countries notably west germany sovereignty monetary field ems development also held britain refusal far join system core exchange rate mechanism reuter
talking point oil services turnaround seen oil services industry recovery rising crude prices oil industry analysts said analysts issued buy recommendations stocks said recovery oil services begin second half drilling activity first half continue next decade people however cannot afford wait drilling go start buying said senior research analyst sanford c bernstein co inc among recommended buys schlumberger ltd slb co hal dresser industries di baker international bko mcdermott international inc may target takeover harold simmons dallas based investor analysts said although major oil companies increasing exploration development overseas expect pickup oil services begin u activity u depressed move faster said sharp goldman sachs number active oil drilling rigs u last week compared rigs one year ago tool co ht figures show average number working rigs u projected versus according kerridge vice president stockholder relations hughes tool first significant pickup drilling activity occur second half kerridge said overseas drilling activity expected follow similar pattern kerridge said best value said jeffrey freedman vice president smith barney harris upham inc adding company controls greatest amount liquidity common stock market value non oil field lowest multiple stock price operating cash flow including debt schlumberger freedman second oil service stock schlumberger expected continue dominant technical leader industry freedman said schlumberger management shift asset restructuring including pending merger fairchild semiconductor considerable cash sets stage company maximize significant industry advantage project upturn exploration development activity according report george first vice president robert w baird co inc estimates earnings per share schlumberger cts one dlrs compared cts excluding fourth quarter special charge billion dlrs bernstein recommending group oil service companies said among difficult baker international involved possible merger hughes tool co dresser industries also benefit recovery possibly much companies pure service company said dresser expected improve profitability owing cost reductions streamlined operations including sale leaseback headquarters said reuter
biotechnology finds crop loss aid biotechnology inc said research teams universities found highly effective disease approximately three billion dlrs annual crop losses company said learned controls deadly plant formerly controlled synthetic chemicals varieties deadly disease attack major cash crops cotton vegetables trees citrus garden plants company said reuter
inc th qtr net oper shr cts vs five cts oper net vs sales vs year oper shr cts vs cts oper net vs sales mln vs mln note net excludes discontinued operations nil vs gain dlrs quarter losses dlrs vs dlrs year year net excludes dlr provision loss disposal discontinued operations reuter
joint venture finland latex plant ltd wholly owned canada development corp said agreed form joint venture finland build synthetic rubber latex plant southern finland project cost plant capacity disclosed joint venture pct owned pct build plant east produce latex plant production used finland paper industry making paper paper board products reuter
average discount rate uk bill tender pct average rate discount today u k treasury bill tender rose pct pct last week bank england said week mln stg offer day bills met applications mln stg bank said applications bills dated monday friday top accepted rate discount pct allotted pct next week mln stg treasury bills offered replacing mln stg maturities reuter
south african miners return work black workers returned work one day strikes two mines monday national union mineworkers companies mines said miners resumed work gold mine east johannesburg protesting transfer colleagues jobs mine owners general mining union corp ltd j said union said mineworkers new coal facility owned anglo american corp south africa ltd j also returned jobs tuesday workers anglo south johannesburg struck protest alleged refusal officials south african homeland allow miners attend funeral homeland union spokesman said reuter
fed buys one billion dlrs bills customer federal reserve buying one billion dlrs treasury bills customer account delivery today spokesman bank said fed funds trading pct time purchase came several hours fed normally business customers economists said purchase almost certainly related investment proceeds recent central bank intervention foreign exchanges bank japan alone estimated bought six billion dlrs march bid prop dollar reuter
sweden sets october deadline africa boycott sweden announced promised program unilateral economic sanctions south africa gave firms october deadline cut trading links foreign trade minister said trade boycott south africa neighbouring would take effect july followed three month period grace give companies time wind operations october direct trade would allowed either direction certain exceptions covering medical supplies printed matter told news conference said exceptions would also granted cases swedish trade boycott would benefit south african firms disadvantage south africa black ruled front line states cautioned legislation upon boycott would based impossible get round said parliamentary committee would investigate ways closing bigger including indirect trade south africa via swedish subsidiaries third countries reuter
security pacific spc completes merger security pacific corp said completed planned merger diablo bank following approval currency security pacific announced intention merge diablo bank headquartered calif september part plan expand retail network northern california diablo bank offices san ramon calif security pacific also said reuter
equatorial communications co th qtr loss shr loss dlrs vs nil net loss vs profit rev mln vs mln year shr loss dlrs vs profit cts net loss vs profit rev mln vs mln avg shares vs note fourth qtr net includes one time restructuring charge mln dlrs net income includes extraordinary gain mln dlrs cts reuter
media general inc ups qtly div cts shr cts sets stock split
nissan motor sees second half profit nissan motor co ltd japan said expects profitable second half ended yesterday first half operating loss billion yen nissan chief financial officer speech automotive seminar said attributed improvement cost reductions operations said exchange rates stabilize nissan strong profit recovery fiscal profits fiscal better yen started said nissan studying possibility setting finance company improve access u european capital markets reuter
knutson mortgage sees strong second qtr knutson mortgage corp said expects strong earnings performance initial fiscal second quarter earnings ending march since going public september albert knutson chairman said expects earnings cts per share quarter result strong mortgage business quarter knutson earlier declared quarterly dividend cts share versus cts share prior payable april shareholders record march reuter
metromail corp rd qtr march net shr cts vs cts net vs rev mln vs mln nine months shr cts vs cts net vs rev mln vs mln reuter
cb make acquisition cb bancshares inc said board state bank ga approved merger cb undisclosed amount stock subject approval regulatory agencies shareholders mln dlrs assets reuter
wtd industries inc rd qtr jan net shr profit cts vs loss one ct net profit vs loss revs mln vs mln avg shrs vs nine mths shr profit cts vs profit cts net profit vs profit revs mln vs mln avg shrs vs note company went public october reuter
energy partners ltd th qtr loss shr loss dlrs vs loss dlrs net loss mln vs loss mln revs vs year shr loss dlrs vs loss dlrs net loss mln vs loss mln revs mln vs mln note net includes oil natural gas writedowns mln dlrs quarter mln dlrs year reuter
plc l year shr p vs p final div p making p vs p pre tax profit mln stg vs mln net profit minorities mln vs mln sales billion stg vs billion extraordinary debit mln vs mln trading surplus depreciation mln stg vs mln investment interest income mln vs mln interest payable mln vs mln profits related companies less losses mln vs mln tax mln vs mln profit attributable outside shareholders interests mln vs mln note extraordinary debit included charge restructuring auto parts distribution france loss mln stg sale steel stock business trading surplus comprised automotive components products mln stg vs mln industrial services supplies mln vs mln wholesale industrial distribution mln vs mln steels four mln vs mln region britain contributed mln stg vs mln continental europe mln vs mln u mln vs mln rest world seven mln vs four mln reuter
belgian wholesale prices fall january belgian wholesale prices fell pct january year earlier pct year year fall december figures economics ministry show ministry spokesman said wholesale price index base excluding value added tax stood january compared december december january wholesale prices pct lower year earlier reuter
klm says seeking air atlanta stake klm royal dutch airlines klm discussing marketing cooperation u regional carrier air atlanta inc seeking take stake airline klm spokesman said considering taking either majority minority stake air atlanta thinking providing loan spokesman told reuters comment wall street journal report saying debt air atlanta could sell much pct stock dutch airline klm last week denied dutch press report saying discussing takeover air atlanta klm spokesman said air atlanta regional route network centred atlanta ga could serve klm international network includes direct flights atlanta amsterdam klm air atlanta talking time said declined elaborate talks give details loan air atlanta reuter
holly sugar corp sets regular dividend qtly div cts vs cts prior pay march record march reuter
belgium cuts treasury certificate rates belgian national bank cut interest rates one two three month treasury certificates pct pct effective immediately bank said telex message bank last adjusted short term treasury certificate rates march also reduced rates three periods points national bank spokesman said latest adjustment would bring rates closer line currently prevailing interbank interest rates spokesman said early predict whether move would herald reduction discount rate currently stands eight pct bank holds regular weekly meeting rate discussed next wednesday discount rate generally moves tandem three month treasury certificate rate however formal link discount rate adjusted following march changes reuter
dainippon ink invest quixote quixote corp said dainippon ink chemicals inc japan buy shares quixote common stock pct stake mln dlrs dlrs share said two companies also agreed share results research development activities optical disc technology dainippon inc optical disc technology development new direct read write optical disc advanced optical disc quixote said wholly owned subsidiary inc making art manufacturing compact cd laser read quixote said agreement dainippon annual sales two billion dlrs provides dainippon representative sit board directors reuter
properties lp sets cash distribution qtly distribution cts per unit vs cts prior pay april record march reuter
opec deliberately mln barrel ceiling defend price subroto
five groups apply buy french telephone group five consortia applied buy french state owned telephone equipment manufacturer cie generale de constructions telephoniques cgct give owners control pct french telephone switching market sources close finance minister edouard balladur said french government given end april decide accepted added several foreign groups said want gain foothold french market potential stake cgct limited pct privatisation laws passed last year pct left french hands finance ministry sources gave details groups interested cgct several publicly announced u telecommunications giant american telephone telegraph co n centre two year battle cgct dutch based philips telecommunications industrie b v subsidiary nv philips pglo societe de telecommunications sat present joint bid association holding company cie du sa p five french investment funds second bid come west german electronics group siemens ag sieg f hopes take pct stake cgct french telecommunications jeumont schneider taking remaining pct sweden ab ericsson also submitted bid maximum pct permitted association french defence electronics group would hold pct construction group already acquired cgct private telephone business reuter
pakistan bids import tonnes sugar trading corp pakistan ltd said invited tenders april import tonnes white refined crystal sugar june said cargo consist tonnes four cargoes reach port bin port buyers option may balance june added reuter
swift energy co th qtr net shr cts vs eight cts net vs revs vs year shr cts vs cts net vs revs vs reuter
unit ends merger talks cos inc said power co unit broke merger discussions energy corp beverly hills calif january power entered letter intent negotiate potential acquisition subject substantial due diligence company said also said two companies able agree mutually satisfactory final terms conditions reuter
singapore spend billion dlrs ports port singapore authority psa spend billion dlrs develop port facilities cargo handling equipment next five years communications minister yeo hong told parliament yeo said improvements needed cope expected growth ship tonnage cargo handled port gave details psa handled mln gross registered tonnes cargo according latest available statistics port authority reuter
transportation department twa application usair control
j p morgan says brazil action reduce first quarter net mln dlrs
corp inc year dec net shr cts vs cts net vs revs mln vs mln avg shrs mln vs mln note share results reflect two one stock split june reuter
talking point american express axp american express co plan sell stake shearson lehman brothers believed public offering shares brokerage unit analysts said american express earlier said general understanding nippon life insurance co japan sell pct interest shearson mln dlrs statement triggered rise brokerage stocks investors speculated possibility investment u brokerage industry japanese concerns stocks brokerage firms also climbed response relatively high value nippon put stake u firm analysts said mln dlrs pct represents price times book value long analytical said brokerage stocks depressed somewhat u insider trading scandal closed february market value times book value american express trading today last several weeks stock strong rumors spinoff part shearson analysts said american express shearson unit benefit doors nippon life open increasingly important tokyo financial markets think preliminary step said long see probably future american express selling additional pct public market public vehicle shearson long said normally investors make major capital commitment situation said nippon analysts previously speculated pct stake shearson might sold public said firm like investment banks needs capital expand american express said total employees shearson expand pct internationally however number substantially lower growth last year company spokesman said american express officials would comment beyond statement made morning statement however close possibility public offering option shearson david anthony smith barney analyst said possible shearson would partially sold public believes firm digest nippon investment first think figure going money said goodman analyst co also said american express could determine sell shares public statement financial services giant said continuing study various plans shearson addition investment nippon american express said options study range expanding shearson capacity meet international competition access capital american express also said options reflect continuing integral role shearson american express worldwide financial services strategy shearson follows goldman sachs co finding japanese partner goldman last year sold pct stake sumitomo bank exchange mln dlr capital infusion analysts speculated matches u brokers companies expertise money enough internal capital growth said analyst james follows u brokerage companies said japanese companies cash interested expertise american brokers japanese companies capital companies capital needs growth opportunities use money nice said morgan stanley co ms rose first boston corp fbc one e f hutton group efh rose painewebber group pwj climbed merrill lynch co recommended today painewebber analyst rose reuter
corrected austria growth forecast revised austrian gross domestic product growth year likely pct helmut kramer head semi official institute economic research wifo said compared two pct growth forecast made wifo last december kramer made forecast meeting today austria economic outlook also attended chancellor finance minister ferdinand national bank president reuter
woolworth u k says growth prospects exciting woolworth holdings plc wluk l earlier announced pre tax profits rise pct said prospects growth exciting profit figure mln stg exceeded forecast pct made hostile bid dixons group plc l last year company said results major step towards aim making woolworth profitable retailing group u k aimed produce growth businesses look opportunities acquire specialist retail businesses earlier month group said tentative merger talks high street underwoods plc called recently announced mln stg recommended offer car part centres plc b q centres raised sales pct retail profit pct pretax contribution mln making largest single component company said improvement achieved substantial growth existing stores well opening new outlets enhanced margins sectors electrical chain raised retail profits pct mln stg woolworth chain reported pct improvement mln company said property operations would increase substantially following start joint venture deal plc defence costs billion stg bid dixons resulted mln stg extraordinary charge results mln stg analysts forecasts result group shares rose strongly p last night p easing p gmt reuter
campbell co sets quarterly dividend qtly div cts vs cts pay april record april reuter
summit petroleum corp sells shares summit petroleum corp said sold mln shares pct common stock associates inc company said shares previously held consolidated energy corp oil gas inc addition david president chief executive officer investment firm named chairman chief executive summit company said charles bruce james also named directors expanding board five summit added company said president chief executive allied comprehensive health inc bruce partner washington law firm butler summit said intends actively seek acquisitions increase asset base reuter
oil completes well oil corp said completed well jefferson davis la currently producing rate mln cubic feet gas barrels condensate daily company said pct working interest well flowing lower sand feet additional possibly productive zones exist behind pipe added said remaining owners privately held petroleum companies reuter
city national corp raises dividend shr cts vs cts pay april record march reuter
spar aerospace ltd year net shr basic cts vs dlrs shr diluted cts vs dlrs net vs revs mln vs mln reuter
olin unit acquires image technology olin corp olin hunt specialty products inc said acquired image technology corp undisclosed terms image technology makes chemicals semiconductor industry reuter
says soviet winter crops need government daily said considerable amount soviet winter crops need state grain harvest target mln tonnes easy fulfil without giving figures newspaper said considerable part winter crops must extra effort fields spring soviet union previously said nine mln hectares winter grain winterkill u department agriculture analyst washington said figure nine mln hectares would equal pct total winter crop would second highest winterkill years planned task bringing less mln tonnes grain simple said week sudden fall temperatures affected large parts country caused stop said adding temperatures fell low minus reuter
raise common merge gold corp said shareholders special meeting approved delaware increase authorized common mln shares mln shares non qualified stock option plan also said shareholders approved merger morning star mine interests held six corporations exchange issuing shares common said acquisition brings ownership morning pct intends acquire remaining interests mid year said plans call production ounces gold product costs per ounce dlrs reuter
exxon official urges planning next oil surge world governments prepare inevitable significant increase price oil non middle east supplies diminish exxon corp xon director senior vice president donald said policymakers must also face reality bulk world oil reserves lies middle east said speech prepared delivery australian petroleum exploration association apea annual conference appears ever likely new discoveries elsewhere change fact said said world oil fields contain pct oil ever discovered super giant fields outside middle east five discovered last years three middle east said also said since world consuming billion barrels year making discoveries rate billion barrels year half remaining proved reserves middle east said said important continue search oil outside middle east addition supply global political economic stability important enhance likelihood home country discoveries measures non discriminatory stable taxation minimum regulation together opening acreage exploration said increasing reliance middle east also boost incentive use natural gas synthetic sources petroleum added reuter
hoechst group pre tax profit falls hoechst ag f said group pre tax profit would slightly lower billion marks posted parent company pre tax profits rose slightly billion group turnover fell slightly billion marks billion parent company turnover fell around billion marks billion company said statement reuter
corp st qtr jan net shr cts vs cts net vs avg shrs vs reuter
frank b hall co inc th qtr loss oper shr loss cts vs loss cts oper net loss vs loss revs mln vs mln year oper shr loss cts vs profit cts oper net profit vs profit revs mln vs mln note excludes discontinued operations loss dlrs share vs dlrs share quarter loss dlrs share vs loss dlrs full year fourth quarter includes reserve nine mln dlrs operations company plans sell per share figures come preferred dividend requirements reuter
national sea products ltd th qtr net oper shr cts vs cts oper net vs revs mln vs mln year oper shr dlrs vs cts oper net vs revs mln vs mln note qtr excludes extraordinary gain dlrs five cts share versus extraordinary loss dlrs shr nil qtr note continued year excludes extraordinary gain dlrs cts share versus extraordinary gain dlrs cts share prior year reuter
ibc mln bags export sales brazilian coffee institute today registered mln kilo bags green coffee may shipment ibc statement said brings total two days registrations open mln including bags soluble today registrations comprised bags members non members international coffee organisation soluble sales registered today reuter
courier sees second quarter loss courier corp said expects report small loss second fiscal quarter profit dlrs year ago company attributed loss competitive pressures cut gross margins addition said significant expenses management programs aimed reducing costs boosting productivity said murray printing co unit undertaken program extended work hours salary job cuts save mln dlrs annually reuter
transit financial holdings inc th qtr net shr cts vs cts net vs revs given year shr cts vs cts net vs revs vs reuter
store sees qtr year loss charge store inc said expects report loss dlrs fourth quarter mln dlrs fiscal year ended january result loss company said decided discontinue operations big value outlets division result yet undisclosed one time charge earnings year estimated mln dlrs year loss cts share compares earnings dlrs cts share recorded last year fourth quarter loss affected high inventory lower planned sales higher related increased promotional activity reduced fourth quarter gross margins company said order concentrate company core business operation discount promotional department stores said decided close big value division reuter
dumez unit pct westburne dumez investments inc said pct westburne international industries ltd outstanding common shares deposited takeover bid said received shares dlrs per share offer expired yesterday dumez said proceed acquire remaining common shares give pct ownership westburne dumez private company owned jointly dumez unicorp canada corp reuter
genetics inc th qtr loss oper shr loss cts vs loss cts oper net loss vs loss revs vs avg shrs vs year oper shr loss cts vs loss cts oper net loss vs revs vs avg shrs vs note current year net periods excludes charge dlrs cumulative effect accounting change patents net periods includes charge dlrs severance obligations year net includes charge dlrs writeoff seed commitments reuter
standard bank unable make earnings forecast standard bank investment corp ltd j chairman de said could predict profits bank year south africa continuing political unrest de also warned annual report failing prompt political action south africa faces future violent deadlock different political said south africa future economic prospects clouded political social issues absence evidence unable offer earnings forecast standard bank pct owned standard chartered plc l london previously reported net income rose pct mln rand bank said bad debt losses begin decline year although may take time return accepted industry annual report showed bank charge bad doubtful debts rose mln rand mln rand prior year bank said net income standard bank south africa subsidiary declined pct mln rand difficult banking environment caused mainly low credit demand reuter
ghana cocoa purchases tonnes latest week cumulative tonnes official
new line cinema corp th qtr net shr cts vs nine cts net vs revs vs year shr cts vs cts net vs revs mln vs mln avg shrs vs reuter
lincoln national corp sets quarterly qtly div cts vs cts prior pay may one record april reuter
florida weekly crop report florida citrus continue good condition latest report u department agriculture florida agricultural statistics service late week rains came time warm temperatures good soil moisture produced new growth trees stage development drop already taking place many south florida harvest late type oranges increasing rapidly near completion early varieties rain week caused delay picking week ended march estimated boxes early boxes late season oranges harvested usda said reuter
corp sets quarterly qtly div cts vs cts prior pay april record april reuter
service resources corp src th qtr net oper shr profit five cts vs loss dlrs oper net profit vs loss sales mln vs mln avg shrs vs year oper shr profit cts vs loss dlrs oper net profit vs loss sales mln vs mln note net excludes losses discontinued operations dlrs vs dlrs quarter dlrs vs mln dlrs year net excludes extraordinary loss dlrs quarter gain dlrs year year net includes gain one mln dlrs sale building gain dlrs termination pension plan reuter
wisconsin power light co votes payout qtly div cts vs cts prior qtr pay may record april reuter
pension insurance group th qtr shr profit two cts vs profit two cts net profit vs revs mln vs mln year shr profit four cts vs loss two cts net profit vs loss revs mln vs mln note net includes realized investment gains dlrs year th qtr year includes realized investment gains dlr respectively reuter
bayou merger agreement bayou resources inc said reached definite agreement acquired patrick petroleum co stock cash transaction valued six dlrs per bayou share bayou also reported net loss three cts dlrs fourth quarter compared net income dlrs one cts year revenues fell dlrs dlrs year ago year bayou reported net loss cts dlrs compared net income cts dlrs revenues fell mln dlrs mln dlrs reuter
communications completes purchase communications inc said completed acquisition radio station fm dlrs cash reuter
gao likely show certs costly cash study grain certificates due shortly government accounting office gao could show certificates cost government pct cash outlays administration industry sources said analysis gao obtained agriculture department office management budget suggests certificates cost cash payments gao official told reuters gao preparing certificate study specific request sen r n c former chairman senate agriculture committee report focus cost certificates compared cash scheduled released mid march cost certificates said gao source depends program impact usda loan program gao certificates encourage loan cause loan net cost program would go however determined certificates caused government grain stockpile decrease cost effect certificates would less gao likely suggest whether certificates program slowed expanded gao official said negative report certificates fuel fire certificates weigh heavily least increase certificate program agricultural consultant said said expansion program usda remains firmly committed reuter
first federal delaware agreement extended first federal savings bank delaware said agreement negotiate exclusively sale oxford financial group extended april march company said final stages talks oxford terms proposed acquisition letter intent signed june oxford would pay dlrs per first federal share subject first federal shareholder approval reuter
u feb consumer credit rose billion dlrs u consumer instalment credit rose seasonally adjusted billion dlrs february revised rise mln dlrs january federal reserve board said annual rate growth february pct pct january previously fed said consumer credit rose mln dlrs january among credit categories auto credit rose february mln dlrs increasing mln dlrs january fed said revolving credit february rose billion dlrs falling mln dlrs january mobile home credit mln dlrs february rising mln dlrs january category referred covering bank credit union loans increased mln dlrs february rising mln dlrs january fed said seasonal adjustment consumer credit outstanding totaled billion dlrs end february compared billion dlrs end february reuter
hoechst ag f year year ended december world group pretax profit billion marks vs billion turnover billion marks vs billion world group turnover comprised domestic sales billion vs billion foreign sales billion vs billion parent pretax profit billion marks vs billion turnover billion vs billion parent turnover comprised domestic sales billion vs billion foreign sales billion vs billion parent investment fixed assets mln marks vs mln depreciation fixed assets mln marks vs mln investment new participations billion marks vs mln reuter
correction simmons airlines inc loss chicago item headlined simmons airlines inc nd qtr loss please reverse qtrs figures reported reuter
australian gdp rises pct fourth quarter australia seasonally adjusted real gross domestic product gdp rose pct fourth quarter rising pct third quarter statistics bureau said compares pct fall fourth quarter compared year earlier quarter gdp also rose pct bureau figures show annual rise compares pct fall third quarter compared third quarter pct rise year earlier period bureau figures show real non farm gross product rose pct fourth quarter zero growth third quarter pct fall year earlier making annual rise pct gross farm product rose pct compared rises pct third quarter pct year earlier making annual growth pct elements fourth quarter gdp rise included falls pct pct private government final consumption expenditure respectively bureau figures show gross fixed capital expenditure fell pct quarter exports goods services rose pct imports pct seasonally adjusted expenditure gdp average prices rose billion dlrs fourth quarter billion third quarter year earlier quarter figures subject revision long period reuter
electromedics take st qtr charge electromedics inc said expects take dlr charge first quarter results due conversion debentures company said however expects positive operating comparisons period electromedics lost dlrs last year first quarter reuter
inc year net shr cts vs dlrs net vs sales mln vs mln avg shrs vs note net includes dlr pretax charge writedown land land pretax charges dlrs pending offer settlements u agencies adjustment prior arising mortgage obligation bond issues writedowns land held joint venture startup costs associated entering new markets increase reserves customer service writeoffs reserves mortgage related receivables reflect current market values reuter
volcker urges greater exchange rate stability federal reserve board chairman paul volcker said international policymakers make improving stability exchange rates major priority testimony senate banking subcommittee volcker said specific proposals improving exchange rate stability thought goal think ought thinking working toward greater exchange rate stability volcker said think objective greater exchange rate stability ought larger among various policy priorities reuter
justice dept supports dismissal twa application usair control
franklin ohio insured tax free sets payout mthly div cts vs cts prior pay march record march note franklin ohio insured tax free income fund reuter
italy says g gives chance tokyo accord week group seven g meeting washington provides opportunity accord reached tokyo summit last may include italy canada group five g talks management international monetary system related issues italian treasury said said statement g meeting italy plans attend provide forum considering tokyo accord light events paris february year february italy meeting paris g partners united states japan west germany france britain canada excluded earlier session talks involving g members today statement italian treasury said nobody denies existence g like tokyo accords provided group italy canada management improvement international monetary economic policy measures discussed italy refused attend paris g meeting grounds g grouping united states japan west germany france britain reduced italy role rubber agreements already taken italian treasury said today italy certain time incidents would occur said would look depth role procedures g relation g reuter
engineering software shipments engineering said temporarily deferred software ibm computers due technical problem program company said reduce quarter revenues earnings said anticipates shipments fourth quarter reuter
colombia denies selling coffee market colombia denied sold kg bags old crop coffee current market prices clients europe asia spokesman national coffee growers federation commenting rumours circulated market said false reuter
zaire accepts tin export quota atpc says zaire agreed limit tin exports tonnes months march line association tin producing countries atpc plan curb exports atpc said atpc executive director victor told reuters received telex zaire indicating take part plan limit total atpc exports tonnes year march said zaire expected produce tonnes tin calendar output exports tonnes atpc hopes cut tonne world surplus tonnes boost prices atpc members except zaire australia recently agreed adhere export quotas allocated plan australia said quota tonnes roughly equal expected output year atpc consists malaysia indonesia thailand bolivia australia nigeria zaire china bolivia important producers tin members reuter
eep used yeutter says u trade representative clayton yeutter said export enhancement program eep used tool general policy yeutter made comment response question whether u expand eep cover grain sales soviet union comment directly soviet question decision would made highest levels reagan administration want yeutter told national grain feed association eep continue used tool european community general policy said selective eep use successful pressuring e c reuter
franklin resources inc ben qtly dividend shr six cts vs six cts prior qtr pay april record march reuter
ford motor co canada ltd th qtr net shr dlrs vs cts net mln vs mln revs billion vs billion year shr dlrs vs dlrs net mln vs mln revs billion vs billion note pct owned ford motor co f reuter
micron technology dram sees nd qtr loss micron technology inc said expects record net loss mln dlrs second quarter compared loss mln dlrs first quarter mln dlrs year ago second quarter revenues quarter ended march five increased mln dlrs mln quarter mln dlrs year ago quarter company makes semiconductors memory components related products reuter
canada mulling selling petro canada mulroney prime minister brian mulroney said government considering selling petro canada sale would proceed national interest mulroney told house commons assets huge oil company would examined decision made state run companies studied sold ottawa program government going examine assets nature continue play appropriate role public policy make determination cases mulroney told daily question period asked opposition members finance minister michael wilson statement friday petro canada longer policy role mulroney said government long promised sell companies could better run private sector outside house energy minister masse said petro canada would worth three four billion dlrs size could difficult sell also said would prefer see canadians participating would give details timing sale reuter
cos sets quarterly qtly div cts vs cts prior pay april record march reuter
broad acquires unit broad corp said acquired construction activities co cleveland combined companies called broad inc largest structural steel company u combined sales two operations mln dlrs reuter
biffex members merger members baltic international freight futures exchange biffex end week whether merge london commodity exchange come new baltic futures exchanges biffex official said final decision left biffex board meet end month said last week three exchanges currently trading baltic exchange london potato futures association soya bean meal futures association london meat futures exchange instructed legal advisers implement merger reuter
says distillate gas stocks week distillate fuel stocks held primary storage fell mln barrels week ended march six mln barrels energy information administration said weekly petroleum status report department energy agency said gasoline stocks barrels week mln barrels refinery crude oil stocks fell mln barrels mln said residual fuel stocks fell mln barrels mln barrels crude oil stocks strategic petroleum reserve rose barrels mln total crude refined product stocks fell mln barrels said reuter
harcourt brace sets march deadline harper row bid
buckhorn inc sees higher profits buckhorn inc said nine million dlr backlog orders less expensive operating environment yield significant levels operating profits buckhorn manufacturer plastic shipping storage containers recorded dlrs per share operating net loss buckhorn said year results included non recurring expense incurred complete major restructuring efforts defend hostile tender offer ropak corporation reuter
genova merge genova products genova inc said shareholders approved merger genova products inc within days agreement genova said shareholders receive dlrs per share cash reuter
co sets quarterly qtly div cts vs cts prior pay april record march reuter
dayton hudson corp th qtr oper shr dlrs vs dlrs
colombia attend managua coffee meeting colombia attend meeting coffee producing countries scheduled weekend nicaragua jorge manager national coffee growers federation said prefer wait things better prepared told reuters added meeting could postponed colombia brazil central american coffee producing countries invited meeting managua analyze market situation however dismiss idea dialogue negotiation preparation meetings international coffee organization gilberto arango president colombia exporters association speaking reuters earlier week ruled fresh colombian initiative export quotas saying producers show common resolve could emerge continuous contacts international coffee organization executive board meet london march april reuter
icco delegates accept principles buffer stock compromise negotiation base
u commercial paper falls billion dlrs feb week fed says
inc st qtr jan loss shr loss six cts vs profit three cts net loss vs profit revs vs reuter
organization inc th qtr net shr cts vs cts net vs sales mln vs mln avg shrs vs five mln year shr cts vs cts net vs sales mln vs mln avg shrs vs five mln reuter
bp units seek five billion dlr revolving credit support standard oil tender
taiwan relax import curbs goods taiwan relax import controls foreign goods government spokesman said today move allow greater access taiwan markets overseas trading partners especially united states official council economic planning development told reuters import curbs foreign goods including books would soon relaxed said taiwan announced would ease curbs farming industrial products last month official said moves intended balance trade taiwan united states trading partners taiwan trade surplus reached record billion dlrs last year billion reuter
universal resources vote merger universal resources corp said holding special shareholders meeting morning vote previously proposed merger corp universal whose stock delayed morning american stock exchange said release statement later day vote reuter
northern indiana mths feb loss shr loss cts vs profit dlrs net loss vs profit revs billion vs billion avg shrs mln vs mln note net excludes charge mln dlrs dlrs share nuclear plant northern indiana public service co full name company reuter
laidlaw transportation sees better year laidlaw transportation ltd said earnings per share current fiscal year increase substantially pct average annual growth experienced last four years revenues year ended august billion dlrs including gsx corp u waste services unit acquired ltd last year mln dlrs laidlaw president michael de groote told analysts last year laidlaw operating earnings mln dlrs cts per share revenues mln dlrs de groote also said company expects excellent results second quarter ended february would specific said revenue estimate fiscal include possible acquisitions said addition gsx produce increasing benefits fiscal fiscal de groote said increased earnings previous four quarters due partly internal growth pct rest came acquisitions said laidlaw expects sell small rubber recycling operation subsidiary gsx within next weeks make material contribution earnings de groote said also said optimistic ongoing negotiations buy pct tricil ltd toronto based chemical solid waste services company canadian u operations ltd calgary de groote said regardless outcome proposed tricil acquisition laidlaw decide within next days whether stay north american chemical waste business gsx corp feel profitable business good growth potential want stay get right management de groote said laidlaw financed acquisition gsx u subsidiary laidlaw transportation inc proceeds mln canadian dlr preferred stock issue borrowing de groote said company gain mln dlrs cash august exercise warrants de groote also said waste services fiscal represent pct revenues school buses contribute pct trucking two pct trucking subsidiary western canada performing well plans sell said would estimate contribution segment earnings per share year also said acquisitions school bus operations u likely within next months reuter
bank france foreign assets rise latest week weekly figures published bank france showed gross foreign assets rose two billion francs last week reported banks intervened foreign exchange markets support dollar yen figures showed gold foreign currency external assets rose billion francs billion mainly reflecting rise billion billion foreign exchange holdings reuter
balladur maintains french inflation target finance minister edouard balladur said maintaining pct inflation target announcement earlier today pct year year rise retail prices february told radio saw reason revise target february monthly result pct following pct rise january three pct year year forced government revise earlier target two pct current pct said happy good result february stressed need continued inflation finance ministry statement said year year differential french lower west german inflation rates calculated last three months narrowed february two pct compared pct january calculated last months differential came pct statement said adding tendency therefore one inflation gap main trading partner reuter
kaneb energy partners ltd kep th qtr loss unit loss one ct net loss revs mln mths unit loss dlrs net loss mln revs mln note partnership formed february net includes writedown oil gas assets mln dlrs mths comply full cost accounting methods reuter
auditors give first city fbt qualified opinion first city bancorp texas lost record mln dlrs said annual report expected operating losses continue foreseeable future continues search additional capital merger partner houston based bank financial statements received qualified opinion auditors arthur andersen co auditors said opinion subject first city eventually obtaining additional capital company believes order address long term needs return satisfactory level operations ultimately need several hundred million dollars additional capital combination strongly capitalized entity first city said note financial statements included annual report management believes sufficient resources available cover interim capital concerns additional capital sought bank said raise cash near term first city said may sell mortgage non strategic assets recover excess contributions pension plan obtain special dividends member banks losses expected substantially less first city chairman j said letter included annual report however ultimate return satisfactory operating conditions dependent successful resolution related problems credit quality funding eventual need substantial additional capital first city said anticipated certain covenants credit agreement banks requiring first city excess cash applied debt repayments would modified end first quarter order avoid default banks agreed similar amendments covenants last year first city reduced borrowings mln dlrs yearend mln dlrs recent weeks although parent company capital adequacy ratios exceeded regulatory minimum requirements end first city said two largest subsidiaries first city national bank houston primary capital ratio pct first city bank dallas pct ratio hard hit collapse oil texas real estate prices first city net loan chargeoffs totaled mln dlrs last year mln dlrs bank doubled loan loss provision mln dlrs end first city said chargeoffs reduced total energy loan portfolio pct billion dlrs year end adding future energy chargeoffs modest amount represented pct first city total loans real estate first city said nonperforming assets nearly doubled last year mln dlrs year end chargeoffs real estate loans rose mln dlrs nine pct total loan chargeoffs bank said amount could go higher company still faces uncertainties real estate market anticipates deterioration long regional recession first city said carrying value many loans collateral dependent decline overall value collateral base could cause increase level real estate related chargeoffs reuter
campbell red lake mines ltd th qtr shr cts vs cts
harcourt brace hbj sets harper hpr deadline harcourt brace jovanovich inc said told harper row publishers inc representatives intends withdraw proposal acquire harper row dlrs per share cash parties made satisfactory progress discussions close business march harcourt brace said wish put pressure harper row also fairness shareholders cannot allow offer magnitude table long harcourt said three senior officers investment bankers met yesterday investment bankers harper row discuss harcourt brace offer harcourt brace said pursue acquisition mutually satisfactory merger agreement negotiated last week group formed theodore cross offered acquire harper row dlrs per share group held six pct harper row addition new world pictures ltd holder pct harper row offered discuss merger harper row reuter
record inc nd qtr jan shr three cts vs seven cts net mln vs revs mln vs mln six months shr five cts vs cts net vs revs mln vs mln reuter
franklin minnesota insured sets payout mthly div cts vs cts prior pay march record march note franklin insured tax free income fund reuter
nippon kokan steel affiliates considering merger steel co ltd steel co ltd affiliates nippon kokan considering merger company spokesmen said steel owned pct nippon kokan steel owned pct nippon kokan expected decide end march said firms losses caused recession steel industry yen appreciation steel current losses estimated billion yen year ending march billion loss year earlier spokesman said firm employs workers steel workers given forecast year ending march industry sources said expected company show current losses five billion yen compared billion loss reuter
echo bay nevada gold discovery echo bay mines ltd said discovered gold deposit cove area near mccoy gold mine nevada echo bay said encountered gold drill holes cove said seven holes averaged ounce gold short ton ounces silver seven intersections averaging feet feet discovery mccoy property one mile northeast mccoy open pit leach gold mine expected produce ounces gold year echo bay said reuter
ameritrust sells two mln shares ameritrust corp said sold two mln shares common stock investment group named clevebaco ltd partnership partnership controlled alfred lerner subsidiary progressive corp limited partner according company ameritrust said advised clevebaco group filed application bank regulatory authorities seeking permission acquire additional three mln shares ameritrust common stock company said group indicated hostile takeover intent toward ameritrust purchase investment purposes reuter
temporary sets split temporary personnel inc said declared three two stock split payable may stockholders record april reuter
kenyan coffee needs rain traders say kenya late coffee crop flowering well main coffee areas generally dry hot week ended wednesday trade sources said eastern kenya central dry past week farmers expect rain week fall output late october november december crop decline sharply one source said said since growers crop could nothing wait rain main factor kenyan coffee production two months ago international coffee organization issued forecast kenyan exportable coffee production oct sept season mln bags reuter
systems sees lower fiscal profit systems international inc said anticipates profit fiscal ending june lower fiscal earnings dlrs despite expected revenue increase pct mln dlrs extraordinary expense associated december withdrawal planned common share offering expect modestly profitable year dlrs earned fiscal company said previously reported fiscal six month profit dlrs excluding extraordinary loss dlrs compared earnings dlrs prior year company said anticipated fiscal earnings lower due withdrawal share offering computer equipment shipment delays costs associated sales staff expansion strengthening canadian dollar u currency also adversely affect revenues earnings since pct revenues generated sales outside canada said leading supplier utility software computer systems reuter
lsb bancshares inc raises payout qtly div cts vs cts prior pay april record april one reuter
new zealand retail sales slow january seasonally adjusted retail sales rose pct january compared increases pct december pct year earlier statistics department said said statement actual retail sales fell billion n z dlrs january billion month earlier compared billion january year year retail sales rose pct compared pct increase year earlier period reuter
zenith national insurance qtly dividend shr cts vs cts prior qtr pay may record april note full name zenith national insurance corp reuter
gatt round may stop growing trade problems u successful new gatt general agreement tariffs trade round needed halt growing bilateral trade problems major trading partners u trade representative clayton yeutter said yeutter new zealand informal gatt ministerial talks told reuters bilateral trade disputes increasing multilateral system inefficient really strong need new gatt round said existence bilateral clearly need develop multilateral solutions problems eighth gatt round negotiations launched punta del este uruguay september agriculture services included negotiations first time growing debt burden latin american african nations also provide impetus gatt round succeed said clearly countries need develop export need open markets happen basic objective new gatt round said said gatt round long term endeavour give short term relief debt ridden countries make difference years worthwhile activity debts going go away next year two said ought strongly supported gatt round mechanism relieving debt burdens making possible debt future said reuter
cyclops cyl names dixons officials board cyclops corp said board include three dixons group plc executives following dixons acquisition pct cyclops shares dlr per share tender offer cyclops said remaining six member board chairman chief executive w h president chief operating officer james f senior vice president william reuter
cook united inc talks sell stake private investors
mco holdings inc mco th qtr loss oper shr loss dlrs vs loss dlrs oper net loss mln vs loss mln revs mln vs mln year oper shr loss dlrs vs loss dlrs net loss mln vs loss mln revs mln vs mln note operating losses exclude profits mln dlrs dlrs share quarter mln dlrs dlrs share year discontinued operations loss periods includes pre tax charge mln dlrs write oil properties year loss includes pre tax charge mln dlrs write oil gas properties reuter
laboratories inc qtly dividend shr five cts vs five cts prior qtr pay april record april reuter
french adjusted february trade deficit mln francs vs january deficit billion
mutual interest shares qtly div qtly div cts vs cts prior pay april one record march reuter
general corp th qtr oper net oper shr profit cts vs loss dlrs oper net profit vs loss mln revs mln vs mln year oper shr profit dlrs vs loss dlrs oper net profit mln vs loss mln revs mln vs mln note oper data include loss discontinued operations dlrs cts per shr th qtr loss mln dlrs dlrs per shr year gain mln dlrs dlrs per shr also include th qtr extraordinary loss dlrs ten cts per shr reuter
international inc th qtr loss shr loss cts vs loss one ct net loss vs loss revs vs year shr loss cts vs loss nil net loss vs loss revs mln vs mln note year ago results restated reflect acquisition inc reuter
usda amstutz confident ec oils tax u agriculture undersecretary daniel amstutz said confident european community ec proposal tax vegetable marine oils fats would approved community asked reuters confident plan eventually would amstutz said yes also know things like take constant usda official said ec council ministers held ad hoc meeting yesterday commenting meeting said far good yesterday british farm minister michael jopling said enough ec states appeared opposed proposals commission european currency unit tonne tax vegetable oils fats marine oils moves reuter
u k industrial output rises january u k industrial production rose provisional pct january pct decline december figures central statistical office show index industrial production base set seasonally adjusted january december compared year earlier output manufacturing industries fell provisional pct january pct rise last december index manufacturing base fell compared year earlier cso said industrial production three months january provisionally estimated fallen pct level previous three months manufacturing output rose pct period three months industrial production pct higher period year earlier manufacturing output two pct higher within manufacturing output metals industry rose six pct engineering allied industries one pct two latest three month periods output chemicals textiles fell one pct minerals two pct office said output investment goods industries rose pct consumer goods output increased pct output intermediate goods fell pct two latest three month periods figures showed energy production index base rose pct january december january latest three months energy index comprises oil natural gas coal production pct previous quarter pct period year earlier reuter
carlton communications optimistic carlton communications plc started current financial year well accounts first four months showing healthy increase period last year chairman p green told annual meeting looked forward optimism issue mln shares form successfully completed added carlton intended increase presence u represented pct world television market conditions worldwide television industry continued look buoyant chairman noted reuter
carolin mines new assay results carolin mines ltd said recent assays tailings hope british columbia mine indicated ounces gold per ton ranged trace amounts platinum company said carolin said results sharply disagreed earlier assay performed u inc showed one ounce gold per ton ounce platinum per ton carolin also said expects receive results tests assays tailings within two three weeks reuter
pillsbury co psy rd qtr feb net shr cts vs cts net vs sales billion vs billion avg shrs mln vs mln nine mths shr dlrs vs dlrs net vs sales billion vs billion avg shrs mln vs mln note results include gain mln dlrs cts share sale assets results include gain mln dlrs cts share sale assets offset partly restructuring provision fiscal results restated give effect adoption financial accounting standards relating pension costs segment data foods restated include results commodity marketing previously reported separately earnings restated two one stock split effective nov reuter
hongkong bank says close deal property sale hongkong shanghai banking corp hkbh hk close deal sale commercial building hong kong business district bank spokesman said said plaza likely sold mln h k dlrs declined identify buyer spokesman gave details reuter
corp th qtr jan net shr cts vs cts net vs revs vs avg shrs vs year shr cts vs cts net vs revs mln vs mln avg shrs vs reuter
peru says copper force majeure peru biggest state mining firm sa said today immediate force majeure possibility copper shipments railway line train traffic cobriza copper mine pacific coast spokesman said managers mine cobriza could always ship mineral road coast export train line continued cobriza produced equivalent around fine tonnes copper last year using train traffic two days ago railway train minerals km miles east coast cobriza official peru minpeco peru state minerals marketing firm confirmed declaration force majeure shipments cobriza officials national train company headquarters peruvian capital declined comment train traffic would restored cobriza official reached telephone central city near said traffic could restored saturday reuter
brazil seamen say strike near end half brazil seamen returned work accords companies national strike began february looks close ending union spokesman said spokesman speaking strike headquarters rio de janeiro estimated ships strike bound seamen settled pct pay increases individual companies still discussing issue overtime payments shipowners association reuter
mcdowell merger inc mcdowell enterprises inc said signed definitive agreement acquire pct interest privately held inc pct interest mcdowell company said subject including future sales profit levels mcdowell could four year period acquire pct exchange pct mcdowell voting stock said transaction expected completed within days time mcdowell board would restructured include management reuter
attempt korean bulk carrier seven attempt south korean motor bulk carrier new world tonight lloyds shipping intelligence service said latest vessel grounded close port brazil last night terminal lloyds said dwt vessel carrying tons ore five holds partially flooded double bottom tanks low water vessel list five degrees port list increases rises reuter
conagra cag acquire monfort conagra inc agreed acquire monfort colorado inc stock transaction companies said according letter intent signed companies conagra acquire monfort mln outstanding shares mln shares based conagra closing price dlrs today transaction worth mln dlrs merger expected completed june said companies said acquisition result restatement conagra earnings fiscal year ending may restatement expected materially change previously reported upcoming fiscal year end earnings fiscal conagra net income mln dlrs sales billion dlrs fiscal year ending august monfort reported mln dlrs earnings sales billion dlrs company one largest beef producers u producing selling products domestically internationally reuter
viacom via receives two revised offers viacom international inc said received revised merger offers national amusements inc mcv holdings inc company said special committee plans meet later today review offers viacom said national amusements arsenal holdings inc raised value offer viacom shares held national amusements three areas national amusements holds pct viacom stock cash value offer raised dlrs dlrs viacom share offered february value fraction share exchangeable preferred offered increased dlrs share six dlrs interest rate used increase cash value merger delayed beyond april raised nine pct eight pct pct may viacom spokesman said arsenal holdings offer continues include pct interest arsenal present viacom shareholders viacom said mcv holdings group includes company senior management equitable life assurance society united states raised value offer increasing value preferred offered dlrs dlrs share raising ownership new company held present viacom shareholders pct pct mcv called previous offer made february final proposed revision agreement viacom reuter
monsanto mtc says debt cut co said paid two thirds debt billion dlr acquisition g searle co end lowered company debt ratio pct end pct said company also said chemical sales accounted pct sales pct strategy shifting away low profit commodity chemicals mature markets higher value chemical businesses high growth areas said reuter
stores corp th qtr jan net shr cts vs cts shr diluted cts vs cts net mln vs revs mln vs mln avg shrs mln vs mln avg shrs diluted mln vs mln year shr dlrs vs dlrs shr diluted dlrs vs dlrs net mln vs mln revs billion vs billion avg shrs mln vs mln avg shrs diluted mln vs mln reuter
first savings bank florida sets meeting first savings bank florida said expects special shareholder meeting held around may consider proposed merger gibraltar financial corp said annual meeting held april elect two directors appointment auditors reuter
cosmetics inc th qtr dec net shr cts vs cts net vs revs vs avg shrs vs year shr cts vs cts net vs revs mln vs avg shrs vs reuter
northeast utilities year shr dlrs vs dlr net mln vs mln revs billion vs billion reuter
japan opens home market u fish japan agreed drop barriers american caught herring opening way shipments could reach mln dlrs annually u trade representative clayton yeutter announced yeutter said accord reached extensive bilateral negotiations ended earlier today tokyo said commerce department estimated u shipments processed products herring rise mln dlrs year mln dlrs annually later years immediate assessment value current u shipments officials said pact would lift quotas point americans would able ship nearly herring ordered japanese firms time yeutter said washington temporarily suspending complaint general agreement tariffs trade gatt japan unfairly curbing imports two fish said complaint would reviewed later year assessment see japan lived agreement reuter
u frozen orange juice stocks march gallons vs year ago
chrysler lamborghini still joint venture talks joint venture talks could lead chrysler corp c taking stake italian car maker lamborghini spa continuing lamborghini spokesman said told reuters two companies discussing number ranging joint venture production area chrysler becoming shareholding partner italian firm spokesman declined comment whether chrysler interested acquiring control lamborghini two sides close accord said two companies discussing possibility jointly developing sports car aimed primarily u market spokesman said chrysler officials detroit already visited lamborghini production plant another visit may scheduled lamborghini controlled group switzerland broke even last year sales billion lire said chrysler also holds pct interest italian sports car producer spa reuter
technology inc rd qtr jan shr cts vs cts net vs sales vs avg shrs vs nine mths shr cts vs cts net vs sales mln vs mln avg shrs vs reuter
france approves waterman acquisition gillette gillette co gs exercised option take pct stake french firm waterman previously authorised french government french stockbrokers association said gillette given undertaking intervene bourse april prevent waterman shares falling francs added compares yesterday rate francs agreement concluded last november waterman owners grace le gillette group gillette agreed acquire pct capital waterman francs share gillette buying total shares valuing deal mln francs reuter
allwaste alws buy related company allwaste inc said entered agreement principle acquire outstanding common related air moving industrial services company disclose name company allwaste air moving related services said swap shares common valued mln dlrs company acquiring said acquisition subject negotiation final agreement reuter
environmental systems co st qtr jan shr cts vs cts net vs revs mln vs mln note share preferred dividends reuter
u says canada complying lumber pact commerce department said canadian firms begun pay agreed pct softwood shipped u markets made statement talks canadian officials press reports speculation canada exporters paying charge canada united states agreed last december pct charge ending lengthy trade dispute alleged canadian subsidies canada softwood exporters commerce officials would say found canadian companies charge following talks convinced exporters complying agreement undersecretary commerce bruce smart said learn companies canada begun paying export charge lumber added agreement important health u lumber industry intended see fully carried reuter
mexico suspends overseas coffee sales mexico temporarily suspended overseas coffee sales due falling prices triggered failure international coffee organisation ico meeting agree quota system latest meeting official news agency said waiting prices improve unidentified mexican trader told agency mexico already sold pct export coffee produced year last september source said country exports mln kilo bags year reuter
american sports advisors american sports advisors inc said agreed sell sports publication business professor enterprises dlrs intends closing transaction subject shareholder approval professor owned american sports president edward c mike warren said reuter
weatherford international inc th qtr loss shr loss cts vs loss dlrs net loss vs loss mln revs mln vs mln year shr loss dlrs vs loss dlrs net loss mln vs loss mln revs mln vs mln reuter
u consumer credit rose mln dlrs jan u consumer instalment credit rose seasonally adjusted mln dlrs january revised rise mln dlrs december federal reserve board said annual rate growth january pct pct december previously fed said consumer credit rose mln dlrs december among credit categories auto credit fell january billion dlrs billion dlrs december fed said revolving credit january fell mln dlrs rising mln dlrs december mobile home credit mln dlrs falling mln dlrs december category referred covering bank credit union loans fell mln dlrs january declining billion dlrs december fed said seasonal adjustment consumer credit outstanding totaled billion dlrs end january compared billion dlrs end january reuter
plc pre tax profit mln stg vs mln
triton energy oil affiliate canadian find triton energy corp said pct owned canadian worldwide energy ltd affiliate lasmo et al w well saskatchewan flowed barrels degree gravity oil inch choke depths feet barrels oil per day inch choke depths feet triton said well status deep exploratory well production five year royalty holiday saskatchewan drilling incentive products said well initial production expected restricted allowable level barrels day although capable much higher rates company said london scottish marine oil plc owns pct interest well unit canadian worldwide pct saskatchewan oil gas corp pct pipeline ltd home oil co ltd pct rainbow oil ltd pct triton said royal dutch shell group rd shell canada ltd shc affiliate retains convertible interest well reuter
veba raises operating profit ag trading subsidiary veba ag f said increased operating profit despite sharp decline turnover added good chances profit level could held operating profit rose mln marks around mln however group third party sales fell sharply billion marks billion year largely due lower prices energy products particularly oil coal managing board chairman told news conference reuter
st joseph light sets split hikes payout st joseph light power corp said board declared three two stock split raised quarterly dividend presplit shares cts per share cts company said dividend payable may holders record may split subject approval shareholders may annual meeting reuter
usa inc regular dividend set qtly div three cts vs three cts previously pay april record april one reuter
coastal cgp seeks halt billion dlr lawsuit coastal corp said federal bankruptcy court hear request today restraining order stop two billion dlr lawsuit transamerican natural gas corp transamerican entered chapter bankruptcy proceedings debts filed lawsuit block coastal taking control coastal spokesman jim confirmed company unsecured creditor transamerican would present reorganisation plan bankruptcy court plan coastal would buy natural gas reserves pipeline system owned transamerican texas undisclosed amount transamerican lawyer john said company values total assets including oil refinery one billion dlrs company second largest natural gas producer texas said gas reserves trillion cubic feet miles pipeline gas gathering lines pct transamerican gas available spot market sales texas peak demand said said transamerican reorganisation would repay mln dlr debt profits natural gas sales lawsuit seeks one billion dlrs actual damages one billion punitive damages coastal coastal trying break texas gas market since forced sell lo gas gathering co settle billion dlrs lawsuits texas customers facing supply coastal natural gas producer pipeline company earned mln dlrs sales billion half profits due slumping energy prices reuter
north west telecom makes acquisition north west telecommunications inc said acquired assets customer base com tel systems inc telephone interconnect firm operates la stevens point wis rochester minn said purchase includes businesses la rochester terms disclosed reuter
liberty star equity fund initial div qtly div five cts vs n payable april two record march note dividend includes special two cts per share period beginning fund commencement operations three december reuter
greece repeats decide aegean drilling greece warning turkey stop athens seeking oil aegean sea repeated today exclusive right decide drill area government spokesman said statement believed greece international law could bring issue courts spokesman responding statement turkish foreign ministry spokesman would take action stop greece oil activities beyond territorial waters violation accord reuter
healthvest buys tennessee medical complex healthvest said acquired hospital medical complex memphis healthcare international inc mln dlrs cash healthcare international continue operate hospital lease agreement company said reuter
swiss feb trade deficit mln francs jan deficit mln official
general ltd year net shr cts vs cts net vs revs vs avg shrs vs reuter
bsn bsn sees higher net bsn corp said expects revenues mln dlrs substantial increase net income earnings per share today reported net income dlrs cts per share revenues mln dlrs dlrs cts per share revenues mln dlrs year reuter
group seeks acquire firm group inc said talks acquire atlantic mutual fire insurance co property casualty insurer licensed five southern states company said believes acquisition could completed june subject approval regulatory atlantic mutual plans invest four mln dlrs business deal completed reuter
consolidated tvx says issue shares buy stakes three brazil mining firms
homes inc th qtr net shr cts vs cts net vs sales vs avg shrs vs year oper shr cts vs cts oper net vs sales mln vs mln avg shrs vs note year net excludes dlr tax credit reuter
intelligent business st qtr jan shr three cts vs nil net vs revs vs note full name intelligent business communications corp reuter
investors increase stake frost sullivan one private investors frost sullivan inc told securities exchange commission increased stake firm two pct pct theodore cross n j editor business society review investor mason cos cob mass president dealers digest inc holds pct stake cross told sec bought new shares dlrs reuter
ventures buy advertising unit ventures ltd said signed letter intent acquire john paul richards associates inc company said merger approved shareholders companies shareholders john paul richards would become majority shareholders owning pct common stock new public company reuter
acmex unit bid cheetham industrial equity ltd unit acmex holdings ltd said proposed make formal takeover offer issued capital cheetham ltd producer salt animal feed seeds acmex said statement would offer one share every two cheetham shares dlrs cash share acmex said presently entitled mln cheetham shares pct mln issued shares scrip offer values cheetham mln dlrs based acmex current price dlrs cash offer mln cheetham last traded dlrs reuter
sees capital spending co said expects capital spending increase mln dlrs mln dlrs chairman chief executive officer daniel said company plans significant investment plant ill well continued spending product improvement increased efficiency facilities earlier company reported net income mln dlrs per share versus net income mln dlrs dlrs share reuter
treasury secretary baker declines comment g u treasury secretary james baker declined comment february paris accord six major industrial nations agreed foster exchange rate stability asked reporters speech national fitness foundation currency intervention levels set paris baker replied never talk intervention baker also declined comment views foreign exchange markets reaction accord reuter
fed sets billion dlr customer repurchase fed says
continental general insurance th qtr net shr cts vs cts net vs year shr cts vs cts net vs note full company name continental general insurance co net includes profit sale securities dlrs four cts share dlrs five cts share respectively qtr year dlrs nil per share qtr net year includes loss sale securities dlrs eight cts share reuter
kaufman board units cut quaker stake kaufman board inc insurance subsidiaries said lowered stake quaker state oil refining corp shares pct total outstanding shares pct filing securities exchange commission kaufman board group includes sun life group said sold quaker state common shares feb march prices ranging dlrs reuter
csr selling delhi exxon unit drops delhi float csr ltd csra exxon corp xon unit esso exploration production australia inc said csr agreed sell delhi australia fund esso mln australian dlrs sale effective tomorrow said joint statement previously announced float part delhi interest proceed csr said statement delhi australia fund owns delhi petroleum pty ltd holds average pct santos ltd stos led cooper eromanga basin gas liquids projects addition purchase price csr share equally returns due increases crude oil condensate prices certain levels liquids produced delhi interests next two years statement said esso proposal purchase delhi interest beneficial shareholders proceeding float csr chief executive kelman said statement kelman said sale delhi would enable csr focus efforts expanding business areas sugar building materials csr long successful management experience strong market leadership sale csr able expand businesses aggressively earlier said reported separately soon announcing delhi sale csr launched takeover bid pct pioneer sugar mills ltd already hold valuing entire issued capital mln dlrs reuter
chicago machine co th qtr net shr cts vs cts net vs sales vs year shr dlrs vs dlrs net vs sales mln vs mln reuter
howell corp th qtr loss shr profit six cts vs profit cts net profit vs profit revs mln vs mln nine mths shr loss dlrs vs profit cts net loss mln vs profit revs mln vs mln note current qtr net includes writedown mln dlrs net investment company oil gas properties year ago results restated reflect reclassification coal mining marketing segment ongoing operation rather discontinued operation reuter
dixons pct cyclops corp dixons group plc l said tender offer common shares cyclops corp u expired midnight yesterday accepted approximately mln shares company dlrs represents pct outstanding shares fully diluted basis including shares already owned dixons holds total pct fully diluted outstanding shares company said entitled subscribe authorised unissued shares common stock cyclops total mln shares dlrs dixons said waived condition pct fully diluted outstanding shares validly tendered withdrawn dixons launched agreed mln dlr offer february year wake unsuccessful battle take u k retail store chain woolworth holdings plc wluk l dixons shares last quoted p last night close p friday cyacq corp investor group formed audio video affiliates inc ava citicorp cci said would increase price offering cyclops shares dlrs dlrs cyclops would provide confidential information given dixons satisfied rights dixon might recover fees expenses dixons buy cyclops stock would rescinded proved audio video offer scheduled expire march reuter
agrees buy mississippi pipeline inc said agreed acquire mile inch pipeline marion pearl river counties mississippi undisclosed terms company said pipeline recently gas field pearl river county proposed interconnect pipeline operated occidental petroleum corp oxy united gas pipe line co subsidiary marion county placed service said plans extend existing mississippi fuel co system southern mississippi miles new pipeline reuter
mitchell energy development corp net th qtr jan shr five cts vs cts net vs mln revs mln vs mln avg shrs mln vs mln year shr cts vs dlrs net vs mln revs mln vs mln avg shrs mln vs mln reuter
inverness buys assets parent silverton inverness petroleum ltd said acquired oil gas assets controlling shareholder silverton resources ltd mln dlrs effective march inverness said issued class convertible retractable redeemable preferred shares exchange assets include silverton oil gas properties undeveloped acreage shares australian subsidiary r l exploration pty ltd preferred shares immediately cash company said transaction resulted silverton bank debt mln dlrs three mln dlr loan inverness silverton inverness said result acquisition inverness bank debt mln dlrs said reuter
spain raises banks reserve requirement bank spain said raised reserve requirement banks savings banks pct deposits pct drain excess liquidity threatened money supply inflation targets statement issued late last night central bank said measure would take effect march recent weeks excess liquidity spanish economy controlled would threaten monetary inflation targets set government statement said banking sources said measure would drain billion pesetas system maximum reserve requirement allowed law pct move follows half point increase yesterday bank spain key overnight call money rate stands pct today auction however bank left rate unchanged spain principal measure money supply broad based liquid assets public hands grew annualised rate pct january compared pct whole target eight pct banking sources said although january money supply figures good compared annualised rates pct december pct january growth appeared accelerated february raising government concern regarding inflation recent figures suggested prices control secretary state trade miguel fernandez said week annualised inflation rate february yet officially announced fell pct six pct january compared inflation pct government target five pct year reuter
life indiana corp th qtr loss shr loss two cts vs profit six cts net loss vs profit revs vs avg shrs vs year shr profit cts vs profit cts net profit vs profit revs mln vs mln avg shrs vs note net includes tax credits dlrs dlrs year reuter
german chemical industry sees lower profits west germany chemical industry fears mounting risks hurt earnings hopes turnover stabilize around billion marks strenger board member industry association said strenger management board chairman bayer ag f told news conference hanover trade fair main dangers world trade lower dollar well crude oil commodity prices prospects higher operating costs also seen harming earnings said turnover took considerable downturn start falling pct chemical industry heavily exports badly hit mark appreciation lower turnover mainly due foreign exchange losses strenger said exports fell pct billion marks competition u british firms increased savings lower oil commodity prices price competition increased costs strenger said operating profits german chemical firms slightly worse year improved financial balance sheet structure three good years negative impact strenger said industry would try increase production u make lost export possibilities west germany lower dollar main reason pct fall exports north america pct drop latin america pct plunge middle east exports western europe eased pct far east exports due economic japan dropped pct strenger noted industry lost public confidence following several cases chemical pollution rhine late last year reuter
southwestern bell votes split ups payout southwestern bell corp said board voted three one stock split increased dividend pct dlrs share post split basis increased dividend cts share payable may one holders record april southwestern bell said stock split first said shares mailed may record may four reuter
inc sets regular quarterly div qtly div cts vs cts prior pay march record march reuter
china january grain exports fall china grain exports january totaled tonnes pct january customs figures show gave detailed breakdown official china economic news quoted figures showing tea exports rose pct tonnes month imports rose pct tonnes period figures show reuter
u says signal sent ship movements u navy battle group led u aircraft carrier kitty hawk northern arabian sea amid renewed concern safety shipping coast iran u officials said today pentagon spokesman fred said reports naval strike force region mean united states sending new warning iran escalating attacks shipping persian gulf nothing like happened said signal sent said kitty hawk operating area usually normal waters supposed month kitty hawk force warplanes mainstay u indian ocean battle group vast area extending indian arabian sea kitty hawk group arabian sea south u mideast task force persian gulf north united states warships either end strategic straits hormuz pentagon custom declined confirm exact ships state department officials cited concern safety ships passing straits vital oil supply run gulf iran conducted repeated attacks shipping gulf u officials said recently powerful chinese italian made anti ship missiles posing greater threat reuter
chemical fabrics agreement terminated chemical fabrics corp said agreement principle inc would purchased assets related architectural structures business dow corning corp inc division terminated agreement chemical fabrics would also become distributor dow corning fabrics joint venture chemical fabrics owens corning fiberglas corp corning venture dow chemical co dow corning glass works chemical fabrics said current project backlog dow corning division completed dow corning plans discontinue design engineering installation services chemical fabrics said companies cooperate development new products architectural industrial applications may supply architectural materials reuter
electro sensors inc else votes extra payout electro sensors inc said board voted extraordinary cash dividend common stock cts share payable may record april company paid extraordinary dividend cts may reuter
seal acquires ltd seal inc said acquired ltd united kingdom company distributes mounting equipment supplies combination cash stock valued mln dlrs based current exchange rates seal said pay additional mln dlrs contingent market price seal common december certain earnings targets acquired business reuter
clayton dubilier inc sells privately held clayton dubilier inc said sold w co new company formed capital corp bankers trust new york corp bt management undisclosed terms garden supply company acquired itt corp itt december along scott sons co reuter
dixons plans let cyclops cyl offer expire dixons group plc said plan extend expiration date tender offer common shares cyclops corp beyond tonight dixons said would accept shares validly tendered withdrawn midnight tonight dixons offering dlrs share cyclops said last week pct cyclops common shares offer originally scheduled expire march extended one week yesterday citicorp cci audio video affiliates inc ava owner cyacq said offered acquire dixons merger cyclops dixons cyclops industrial businesses mln dlrs alleghany corp currently scheduled pay citicorp said yesterday proposal would allow dixons raise tender price dlrs per share citicorp said dixons accepted proposal cyacq would terminate competing dlr offer cyclops citicorp suggested yesterday dixons extend tender march connection price increase reuter
taiwan proposes tariff cuts taiwan said plans another round tariff cuts possibly within month try narrow trade surplus u vice finance minister ronald ho said high level economic committee recommended tariff cuts products requested washington including apples fruit juice ho said cuts may come effect end next month taiwan trade surplus u widened first two months year billion dlrs billion dlrs period last year reuter
group sells heck hex shares shareholder group led new york investor robert told securities exchange commission sold holdings heck inc common stock reserved right seek control company future group includes edward viner co brokerage said sold shares since march leaving shares pct total outstanding group proposed takeover heck september later withdrew offer heck march filed protection creditors federal bankruptcy law reuter
antibiotics feed aid deadly study study salmonella poisoning new evidence common practice antibiotics cattle helping create deadly humans resist researchers federal centers disease control spread unusual strain salmonella resistant drug able link resulting food poisoning farms used drug promote growth cattle often give animals constant supply antibiotics feed help grow faster critics warning years constant exposure drugs helping learn resist drugs industry officials disputed saying diseases develop resistance cattle probably affect humans new study reported thursday new england journal medicine shows diseases spread humans research team led dr john said number people developed resistant los angeles county alone jumped following year two victims died half victims study also discovered cooking meat always prevent disease pct victims reported raw thus researchers concluded majority cases appear caused least partially researchers said results show food animals major source resistant salmonella humans associated use farms reuter
transit financial sees share profit rise transit financial holdings inc earlier reporting higher fourth quarter full year earnings said expects share profit increase dlrs cts company said share forecast based mln shares outstanding one mln common share issue december earnings based mln shares outstanding company earlier reported profit rose dlrs cts shares year earlier dlrs cts share reuter
corp plans notes preferred issue corp ltd said planned issue mln dlrs principal amount notes mln class e preferred shares dlrs share notes would bear pct yearly interest mature march convertible common shares either march business day fixed redemption date dlrs share said said preferred share would convertible common shares either march business day fixed redemption date gordon capital corp dominion securities inc agreed acquire issues said said would use proceeds retire short term bank debt boost pct stake consumers packaging inc interest federal pioneer ltd open market purchases reuter
teck increase stake trilogy resource trilogy resource corp said teck corp agreed purchase mln trilogy common shares one dlr per share private placement would increase stake trilogy pct pct trilogy also said board approved private placement mln common shares price cts per share group investors placement made inc reuter
japan unemployment rate seen rising pct japan unemployment rate expected continue climb pct within next year january three pct record senior economists including taketomi industrial bank japan said december pct previous worst level since government management coordination agency began compiling statistics current system general fear become country high unemployment said senior economist long term credit bank japan ltd government published january unemployment figures today make predictions present forecast unemployment rate year difficult foresee situation improving labour ministry official said finance minister kiichi miyazawa said government expected increase set aside money help people find jobs fiscal beginning april prime minister yasuhiro nakasone told press conference record rate need pass budget held opposition proposed tax reforms yen surge caused layoffs mainstay steel shipbuilding industries export dependent industries cars textiles laid part time employees ceased hiring economists said although growing service industry sector absorbed great number workers trend starting slow said deputy general manager sumitomo bank ltd economics department however economists disagreed saying service sector would able hire workers longer needed manufacturing sector next five years economists said service sector grow government domestic demand program economy away exports although japanese unemployment rates appear lower industrialised nations methods calculating statistics make difficult compare economists warned three pct figure could relatively high figure european methods used one economist said half january increase jobless year earlier sumitomo said reuter
taiwan sugar exports expected year taiwan expected export sugar year falling production growing domestic consumption state owned taiwan sugar corp said company spokesman told reuters first time years taiwan exported sugar last year sugar exports totalled tonnes said actual production season november may tonnes barely enough meet local consumption compares actual output said production fall due damage hectares last year reuter
modulaire industries th qtr loss shr loss cts vs profit cts net loss vs profit revs mln vs mln year shr profit cts vs profit dlrs net profit vs profit revs mln vs mln avg shrs vs note per share date adjusted reflect pct stock dividend march reuter
assets u money funds rose week assets money market mutual funds increased mln dlrs week ended yesterday billion dlrs investment company institute said assets institutional funds rose mln dlrs billion dlrs general purpose funds rose mln dlrs billion dlrs broker dealer funds rose mln dlrs billion dlrs reuter
german analysts see gold rising nd half price gold bullion likely rise second half year increased private investor demand west german analysts said gold could rise high dlrs per ounce later year said peter witte director westdeutsche landesbank girozentrale trading division presentation u mint promote gold silver eagle series coins lot depend oil prices developments stock exchanges witte said adding saw gold rises breaks dlrs gold fixed morning london dlrs despite current strong interest gold mine stocks many investors still want buy physical gold witte said interest gold mine stocks may also stock exchange way many countries start vice president commerzbank ag foreign exchange trading treasury department said gold poised rise dlrs ounce second half year price unlikely fall much dlrs ounce probably continue range dlrs first half year said reuter
inc year net shr cts vs dlrs net vs assets mln vs mln deposits mln vs mln loans mln vs mln note th qtr available year includes extraordinary gain tax carry forward dlrs five cts per shr reuter
industries inc quarterly div qtly div seven cts vs seven cts prior pay june one record may four reuter
investor disappointed caesars caw response investor martin sosnoff said statement disappointed caesars world inc response dlrs share offer buy company company said offer inadequate exploring restructuring sale company another party sosnoff said believes offer fair shareholders primary desire still sit management negotiate friendly acquisition said reuter
conrac cax rejects mark iv iv offer conrac corp said board rejected mark iv industries inc tender offer shares dlrs director officer plans tender shares company said financial advisor goldman sachs co determined price inadequate said board instructed management explore develop financial legal advisors alternative action maximize shareholder values reuter
universal holding corp th qtr net shr na net profit vs profit revs vs year shr na net loss vs profit revs mln vs reuter
caltex raise bahrain oil product prices caltex petroleum corp said raise posted prices several grades residual fuel bahrain effective march caltex joint venture chevron corp chv texaco inc tx said posting four cts gallon cts said raising marine diesel oil posting cts barrel dlrs barrel light medium heavy fuel oil postings dlrs barrel company said bring light fuel oil price dlrs medium dlrs heavy dlrs company said reuter
brunswick sees higher first quarter brunswick corp expects first quarter sales dramatically profits well chairman president jack said securities analysts meeting declined specific first quarter brunswick reported earnings mln dlrs cts share sales mln dlrs noted results two newly acquired boat manufacturing companies included company first quarter report brunswick expects centers benefit increased attention bowling resulting acceptance summer bowling pan american said said field testing new bowling concept involving electronic features test marketing summer successful could materially benefit operations brunswick currently test marketing california health club facility bowling center said turning defense operations said expects division receive significant contracts near future year end brunswick defense contract backlog stood mln dlrs frederick vice president finance told analysts brunswick disappointed two credit rating services recently company debt stood mln dlrs year end confident service debt bring near term based strong cash flow brunswick expanded boat operations said shareholders company april annual shareholders meeting asked approve increase authorized common shares outstanding mln mln shares company spokesman said reuter
csx corp csx st qtr net shr cts vs cts net mln vs mln revs billion vs billion note figures reflect merger sea land corp completed feb reuter
houston oil ho reserves study completed houston oil trust said independent petroleum engineers completed annual study estimates trust future net revenues total proved reserves mln dlrs discounted present value reserves mln dlrs based estimate trust said may money available cash distributions unitholders remainder year said estimates reflect decrease pct net reserve revenues pct discounted present value compared study made reuter
fed adds reserves via customer repurchases federal reserve entered u government securities market arrange billion dlrs customer repurchase agreements fed spokesman said dealers said federal funds trading pct fed began temporary indirect supply reserves banking system reuter
u credit market outlook prime rate prospect banks follow industry leaders citibank chase manhattan raising prime rate likely cast credit markets today economists said bond prices making smart recovery two days heavy selling citibank surprised market announcing quarter point increase prime rate pct chase manhattan quickly followed prices quickly fell full point even though dollar market concern late rose sharply news citibank cited higher cost money especially euromarket reason raising prime rate part rise market rates caused fears tighter federal reserve policy defend dollar economists said early tell whether fed whose policy making federal open market committee fomc meets week already tightening grip credit fed seems bit slow meeting banking system reserve needs statement period conclude anything seen fed data said jeffrey leeds chemical bank reuter
major nations must act currencies miyazawa finance minister kiichi miyazawa said time come major industrialised nations take action exchange rates line agreement last month paris paris britain canada france japan u west germany agreed hold currency rates around current levels miyazawa would say specific measures major nations would take told reporters measures discussed paris dollar fell record low yen morning yen reuter
sumita says bank intervene necessary bank japan governor satoshi sumita said statement central bank intervene foreign exchange markets stabilise exchange rates necessary close cooperation major industrial nations sumita said bank take adequate measures including market intervention necessary line february paris agreement six major industrial nations canada britain france japan u west germany agreed cooperate stabilising exchange rates around current levels sumita statement issued dollar slipped yen hit record low inevitable exchange rates fluctuate system floating rates sumita said fact dollar plunged yen mean anything significant floating system said six nations agreed paris exchange rates prevailing broadly consistent underlying economic fundamentals substantial rate shifts could damage growth adjustment prospects countries paris statement said reuter
prudential insurance year earnings prudential insurance company america privately held company said today net income rose billion dlrs billion dlrs reported year earlier assets management rose billion dlrs billion dlrs consolidated assets jumped billion dlrs billion dlrs discussing major subsidiaries company said prudential capital investment services inc holding company brokerage house prudential bache securities certain related subsidiaries earned million dlrs securities operations prudential bache mln dlrs taxes charge mln dlrs reuter
timminco acquires universal adhesives timminco ltd said acquired universal adhesives inc memphis undisclosed terms move expand timminco operations united states company said universal adhesives five u plants annual sales mln u dlrs double timminco presence north american adhesives market timminco said universal adhesives complement company canadian based industrial adhesives division key step long term goal expansion specialty chemical field reuter
castle cooke takes fourth qtr loss castle cooke inc said would take fourth quarter tax loss mln dlrs previously reported sale flexi van container leasing business itel corp itel mln dlrs earlier company reported loss fourth quarter ended january mln dlrs cts share compared loss mln dlrs cts per share fourth quarter year however diversified holding company reported net profit mln dlrs cts share versus mln dlrs cts share david chairman chief executive officer said food business real estate operations increased earnings year added flexi van results hit depressed daily rental rates leased equipment caused company also reported george formerly executive vice president named president chief operating officer flexi van corp william burns named executive vice president flexi van reuter
trans world music corp th qtr jan net shr cts vs cts net vs sales mln vs mln avg shrs vs year shr dlrs vs cts net vs sales mln vs mln avg shrs vs reuter
indonesia seen economic change indonesia appears nearing political measures deregulate protected economy u embassy says new report counter falling oil revenues government launched series measures past nine months boost exports outside oil sector attract new investment indonesia asian member opec leading primary commodity producer severely hit last year fall world oil prices forced devalue currency pct september u embassy report says president suharto government appears divided direction lead economy appears nearing regard deregulation investments imports report says primarily indonesia agricultural sector also reviews country general economic performance says many government officials advisers recommending relaxation equally strong pressures halt moves group strongly import economy report says indonesia economic changes welcomed world bank international bankers steps right direction though say crucial areas economy like plastics steel remain highly protected virtual monopolies three sets measures announced since last may areas foreign investment reduced trade restrictions imports report says indonesia economic growth calendar probably zero economy may even contracted bit lowest rate growth since mid report notes indonesia largest country south east asia population million facing general elections april report hold little hope swift improvement economic outlook early indications point slightly positive growth rate exceeding one pct economic activity continues suffer due sharp fall export earnings petroleum industry growth non oil sector low weak domestic demand coupled excessive plant capacity real declines construction trade reduced level growth agriculture report states bankers say continuation present economic reforms crucial government get international lending needs new world bank loan mln dlrs last month balance payments support given partly help government maintain momentum reform bank said reuter
brothers art inc th qtr net qtr ended jan shr cts vs cts net vs revs mln vs mln year shr cts vs eight cts net vs revs mln vs mln reuter
restaurant associates sets st qtr gain restaurant associates industries inc said expects record pretax gain mln dlrs first quarter sale lease real estate company said received mln dlrs partial payment connection sale property manhattan additional one mln dlrs early termination lease headquarters february outstanding balance mln dlrs sale property paid closing scheduled sept said first quarter ended march restaurant associates reported net income dlrs seven cts share sales mln dlrs reuter
sweden boliden ab takes mining gear units allis chalmers corp mln crowns
harris cuts cyclops cyl stake pct harris associates l p chicago investment advisory firm said cut stake cyclops corp shares pct total outstanding common stock shares pct filing securities exchange commission harris said sold cyclops common shares jan march prices ranging dlrs share harris said dealings cyclops common stock made behalf advisory clients reuter
arco arc higher earnings estimate atlantic richfield co stock rose sharply analyst eugene nowak dean witter reynolds inc raised earnings company traders said arco jumped nowak said based average oil price dlrs barrel company earn dlrs share next year based average oil price dlrs barrel arco earn five dlrs share company earned dlrs share oil prices rise average dlrs barrel said arco could record earnings dlrs share nowak said increased estimates come company told analysts yesterday first quarter earnings cover quarterly dividend requirement one dlr share nowak said company done outstanding job reducing expenses arco poised generate greater earnings power said first quarter earnings likely exceed company expectations stated yesterday dlr share range reuter
harper row hpr gets expressions interest harper row publishers inc said special committee independent directors received expressions interest considerable number domestic foreign firms respect restructuring acquisition transactions company winthrop knowlton chairman special committee said determination made full board transaction said special committee kidder peabody co inc intend engage discussions interested parties effort come conclusion near future formation special committee announced early last week harper row said board taken action two pending acquisition proposals time directors also postponed planned special shareholders vote restructuring proposal would created class b common votes share limited acquisition proposals come theodore l cross owner six pct company stock offered dlrs share harcourt brace jovanovich inc hbj offered dlrs share reuter
swedish gnp rose less expected figures show sweden gross national product rose pct last year pct mainly due lower forecast growth exports sharp fall total investments central bureau statistics reported private consumption rose pct pct whereas finance ministry expected increase pct total investments fell pct rise pct finance ministry forecast rise pct exports rose pct last year pct finance ministry predicted growth pct reuter
tandem computers sees higher net tandem computers inc said expects higher earnings revenues second fiscal quarter ending march year ago feel continue see higher growth quarter james president chief executive officer told meeting securities analysts second fiscal quarter last year tandem earned dlrs cts per share revenues mln dlrs declined offer specific projections quarter said results might lower first quarter fiscal tandem earned mln dlrs cts share said tandem second quarter traditionally slower first l f rothschild analyst cohen estimated tandem second quarter net cts per share full year said expects computer maker earn dlrs share fiscal tandem earned dlrs share founded calif based company said seen rebound computer orders united states u economy picking buying decisions made see year ago said executive said tandem increase research development spending mln dlrs year mln dlrs fiscal said company plans introduce several products including two low end systems data base uses language industry standard tandem also major order bank tokyo reuter
transworld trust sets initial pay date transworld liquidating trust said distribute proceeds sale hilton international co ual inc ual holders april deal expected close march day trading liquidating trust shares ual pay mln dlrs cash shares ual common stock mln dlrs worth ual debentures transworld may substitute cash securities initial distribution include cash stock debentures received connection sale company said shares trust formerly represented shares transworld corp common stock company said balance cash trust used satisfy liabilities obligations trust satisfaction payments company make second distribution around april said reuter
quaker oats co oat regular dividend qtly div cts vs cts previously pay april record march reuter
kaines confirms white sugar sales india london based sugar operator kaines ltd confirmed sold two cargoes white sugar india estimated overall sales total four five cargoes brokers sugar april may april june shipment sold dlrs tonne cif said reuter
foods inc nd qtr feb net shr cts vs cts net vs sales mln vs mln nine mths shr cts vs cts net vs sales mln vs mln avg shrs vs reuter
japan says u japan microchip pact working japanese officials sought convince u u japan pact microchip trade working ahead april deadline set u prove case implementing agreement good faith situation run counter pact watanabe director ministry international trade industry miti division told foreign reporters effects measures taken taking emerging market place said u trade officials repeatedly accused japanese microchip makers violating pact continuing sell cost markets outside japan united states agreement signed last september aimed halting japanese pricing policies increasing u semiconductor firms access japanese market comments miti officials followed call prime yasuhiro nakasone clear u side pact watanabe said director miti industrial electronics division denied japanese chipmakers selling cost third countries miti call japanese chip makers last month cut production key memory chips first quarter year begun dry source cheap chips sale non regulated grey market said grey market exports japan contrast u south korean companies expanding market share cheaper prices said miti plans take steps reduce excess supply chips developed japan pact formed slump japanese semiconductor exports united states added ministry soon release supply demand guidelines second quarter suggested production volumes likely lower first quarter said despite businessmen finding ways around artificial controls regulation supply demand bring positive results watanabe said optimistic added reuter
usda official sees billion dlrs certificates seven eight billion dlrs generic certificates market end harvest agriculture department official said commodity credit corp depend heavily certificates relieve storage problems year deputy administrator commodity operations usda told participants national grain feed association annual convention said ccc able relocate grain significant amount fall certificates used various programs relieve storage tightness said certificates meet goal allowing prices go loan levels providing usda inventory management tool reuter
john hancock units dump stake price subsidiaries john hancock mutual life insurance co told securities exchange commission sold entire pct stake price communications corp back company hancock subsidiaries said sold entire share stake price communications company dlrs share feb reuter
ups soviet grain import estimate three mln tonnes mln official
api says distillate stocks mln bbls gasoline crude
chemlawn corp inc sign definitive merger agreement
north west telecom th qtr oper net oper shr cts vs cts oper net vs revs vs year oper shr dlrs vs dlrs oper net vs revs mln vs mln note full name north west telecommunications inc reuter
court lifts restraining order mark iv iv baird corp said massachusetts state court county lifted temporary restraining order prohibiting mark iv industries inc purchases baird stock according filings securities exchange commission mark iv owns least pct baird stock may attempt acquire baird baird said baird said court also issued order baird massachusetts anti takeover mark iv industries reuter
suffield coastal buy cleared suffield financial corp said received maine bureau banking proposed acquisition coastal bancorp portland maine acquisition expected close around april one approval last regulatory clearance required transaction reuter
ec agrees need strengthen ems european community ec finance ministers central bankers agreed need greater cooperation strengthen european monetary system ems international market turbulence officials said general european monetary system belgian finance minister mark eyskens said yesterday one day session informal talks belgian coastal resort gathering first discussion since second major realignment ems parities within nine months january system come severe strain funds flowed slumping dollar dominant ems currency west german mark sending soaring weaker currencies system eyskens said february agreement leading western industrialised nations stabilise exchange rates around current levels working would allow ec speed efforts boost internal stability ems told news conference yesterday meeting agreed need closer coordination among ems member governments interest rate policies interest rate differentials different countries also agreed needed better coordination exchange market intervention hold currencies stable reached fixed ems limits within agreed margins eyskens said coordination raised whole range technical problems ministers would discuss luxembourg june basis proposals ec monetary committee committee central bank governors said ec needed set indicators economic community countries important interest rates fulfilled role together exchange rates inflation rates belgian minister whose country presently holds presidency community made clear meeting produced agreement move forward developing ems towards ec long term goal economic monetary integration committed normal system eyskens said eyskens repeatedly stressed believes ems ec plans liberalise movements capital across national go ahead ec executive commission president jacques delors told meeting authority would put forward proposals final phase capital market liberalisation october would include safeguard clauses member countries move would create difficulties eyskens said ministers central bankers also discussed need ems parities high ranking monetary officials carry telephone rather calling meeting finance ministers however west german sources said bonn finance minister gerhard stoltenberg idea british chancellor exchequer nigel lawson told journalists one technical issues raised greater coordination exchange market intervention question currencies used intervene held central bank reserves said several ems member countries believed ems would work better central banks held currencies issue particular importance regarding west germany since bundesbank holds dollars foreign exchange reserves said debate ems reflected general feeling among participants way january conducted unsatisfactory realignment marked france west germany side strains system forced overhaul reuter
allied signal ald sell electronics unit allied signal inc said agreed sell amphenol products unit subsidiary investments group conn investment company mln dlrs cash closing expected soon pending appropriate approvals company said indicated closing warrants sold exercised reduce stake subsidiary amphenol acquisition co pct company said ill based amphenol sales mln dlrs makes brand name products also said merrill lynch co committed buy mln dlrs subordinated preferred debt new unit according allied signal canadian imperial bank commerce committed mln dlrs senior debt financing said allied signal said december offering sale amphenol six operating units electronics instrumentation sector merrill lynch co served financial advisors said reuter
royex offers dlrs shr dlrs warrant international corona
norstar buy bank norstar bancorp said reached agreement principle buy united national bank stock exchange valued mln dlrs terms agreement norstar would buy shares united common stock rate three norstar shares united share year end assets mln dlrs united branches six new york cities become part norstar bank hudson valley n norstar billion dlr financial services company reuter
iea says opec february crude output mln bpd opec produced average mln barrels per day bpd crude oil february mln previous month overall mln bpd fourth quarter international energy agency said opec countries last month exceeded production quotas set last conference december liftings reduced several countries said latest monthly oil market report cutbacks due part buyer resistance fixed prices introduced february particularly fixed volumes extended period gave breakdown opec crude output mln bpd fourth qtr january february saudi arabia iran iraq uae kuwait neutral zone qatar nigeria libya fourth qtr january february algeria gabon venezuela ecuador indonesia total iea said saudi production stayed quota mln bpd actual sales might exceed output due stock disposals contracts saudi crude signed understood much required liftings report said reduction iraqi air attacks iranian export facilities allowed iran output reach mln bpd january buyer resistance fixed prices apparently cut february production said iraqi exports mln bpd turkish pipeline mln truck jordan mln via saudi pipeline internal consumption mln bpd iea estimated total non communist world oil supply february mln bpd mln january mln fourth quarter february world supply figure made mln bpd opec crude production mln bpd opec natural gas liquids mln bpd oecd crude mln bpd developing countries crude net trade mln bpd centrally planned economies mln bpd non conventional crudes sands oil coal mln bpd gains within oecd preliminary norwegian data show record mln bpd output january lower production expected february accordance government approximately bpd announced support opec reuter
japan u set begin high level trade talks japan u top level trade talks tomorrow amid signs officials sides growing increasingly talks held annually sub cabinet level review whole u japan economic relations pave way american secretary state george one day stop end week way home china faced growing congressional protectionist pressure u administration pressing japan action reduce still huge trade surplus u officials said appreciate frustration senior japanese government official said also official said pct rise yen last months hit japan hard forcing exporters slash spending lay workers make lost sales abroad yet shown dollar based statistics trade said said u administration progress made instead problems remain talks congress would take five minutes list senior u official replied talks begin tomorrow high level discussions economic structures countries affect bilateral trade imbalance last year amounted billion dlrs japan favour following two days range multilateral trade talks auspices general agreement tariffs trade gatt bilateral trade problems super computers structural talks intended free discussions among senior officials tomorrow include savings investment issues consumer credit housing implications government budget deficits talks come particularly delicate time japanese government facing increasing domestic pressure abandon tight fiscal policy stimulate economy spending u officials complained japan intention boosting domestic demand imports washington wants japanese officials turn pointed huge u budget deficit one main trade imbalance budget deficit meant u buying imports japan seems particularly draft trade bill senate nation following trade practices japan without due process one japanese official said reference otherwise well thought bill introduced democratic senator lloyd bentsen said japan also totally happy administration trade bill particularly proposal establish reciprocal access foreign markets one criteria retaliatory trade action u officials said nevertheless japanese officials said remain weak bargaining position especially threat trade bill overhanging leverage one official admitted result tokyo meet u complaints trade practices variety fields including super computers u pressing greater access japanese super computer market japanese government sent long public institutions like universities buy sophisticated machines hopes eventually setting informal bidding procedures easily understood potential sellers officials said reuter
cannon sells stake hbo cannon venture cannon group inc said agreed principle sell pct interest hbo cannon video joint venture home box office unit time inc tl company said making sale near future video products licensed united states canada either warner brothers unit warner communications inc media home entertainment reuter
sees better first qtr inc chairman david stanley told analysts company first quarter results reported march better seven cts per share reported year ago quarter sales quarter represents pct year total results stanley said stanley also said full year sales excess billion dlrs compared billion dlrs reported also said analysts estimates dlr per shr crazy reported net income dlr per share economy may get lot better expect advantages lumber industry cost cutting measures keep us competitive larry chief financial officer said company acquired lumber co mln dlrs october stanley said company stronger balance sheet enable make acquisitions negotiations going current time said benefits new management information system felt substantially reuter
north american group buys georgia firm north american group ltd north american acquisition corp said definitive agreement buy pct pioneer business group inc atlanta terms acquisition disclosed closing acquisition scheduled april north american acquisition said agreement subject due diligence satisfactory review pioneer operation pioneer makes business forms reuter
corp disc th qtr loss shr loss six cts vs loss seven cts net loss vs loss rev mln vs mln year shr loss cts vs loss cts net loss vs loss rev mln vs mln reuter
u tallow production stocks u factory production inedible tallow grease amounted mln lbs february vs revised mln lbs previous month mln lbs year ago period census bureau said bureau placed february factory production edible tallow mln lbs vs revised mln lbs previous month mln lbs february year earlier estimated factory warehouse stocks inedible tallow february mln lbs vs revised mln previous month mln february end feb stocks edible tallow amounted mln lbs vs revised mln lbs mln lbs respective periods factory consumption inedible tallow grease february assessed mln lbs vs revised mln lbs month earlier mln lbs year ago period february factories used mln lbs edible tallow vs revised mln mln respectively total factory production consumption tallow marketing season began jan vs season follows mln lbs production inedible edible consumption inedible edible reuter
harris ups centerre bancorp stake harris associates l p chicago investment advisor said raised stake centerre bancorporation shares pct total outstanding shares pct filing securities exchange commission harris said bought centerre common shares jan march prices ranging dlrs share said dealings company stock behalf clients reuter
gulf applied technologies sells units gulf applied technologies inc said sold subsidiaries engaged pipeline terminal operations mln dlrs company said sale subject certain post closing adjustments explain reuter
mark iv corrects agreement baird mark iv industries inc iv said may consider bid seek control baird corp said baird agreed hold defensive measures without giving mark iv least hours notice filing securities exchange commission mark iv corrected statement made yesterday another sec filing listed several agreements reached baird including baird would take anti takeover steps without providing least hours notice mark iv said later told baird baird given assurance reuter
security capital suspends dividends security capital corp said suspended quarterly cash dividend payments indefinitely company also said board withdrawn company buy stock open market previous dividend payment five cts february security capital said action taken response continuing operating losses primarily franklin savings association houston based subsidiary reuter
chrysler c unit buys beneficial bnl unit chrysler corp said chrysler first inc acquired major portion commercial lending portfolio beneficial business credit corp subsidiary beneficial corp said acquisition involves mln dlrs net receivables chrysler first subsidiary chrysler financial corp receivables billion dlrs end reuter
sun electric corp se st qtr jan net shr profit cts vs loss six cts net profit vs loss revs mln vs mln avg shrs vs note net includes tax credits equal six cts vs one cent reuter
lynch corp unit buys television station lynch corp lynch entertainment corp said formed general partnership called communications co acquired tv station rock island ill company said price station cbs television network affiliate mln dlrs company also said partner communications inc wholly owned corporation lynch said pursue acquisitions media entertainment entities emphasis broadcasting cable television operations reuter
asamera inc year oper shr loss cts vs profit cts
wal mart stores inc th qtr shr cts vs cts
texas oil calls state tax breaks texas railroad commissioner james nugent saying ailing cannot wait congress act today urged texas state lawmakers adopt incentives find new oil reserves exempt severance taxes oil produced stripper wells nugent said speech texas house representatives state must take initiative u energy policy finding new ways assist troubled oil producers proposal texas oil industry would exempt stripper wells produce barrels oil less day state pct severance tax said majority texas oil wells fall within stripper well category price swing two three dlrs barrel crucial determining well remains production nugent also called state lawmakers exempt new wells state severance tax five years financial incentive explore new oil reserves secondary tertiary oil production expensive methods production inject water gas ground recover oil also severance tax nugent said plan would exempt existing secondary tertiary wells produce rate less three barrels day three years price oil reaches barrel back waiting two federal develop energy policy nation follow say long enough nugent said words let tell washington either lead follow get way nugent said financial losses state treasury marginal oil production state severance taxes would made stimulating new business oil supply service industry reuter
realty investors sets payout qtrly div cts vs cts prior pay july record june
cocoa buffer stock rules take effect immediately delegates
kansas city southern industries says eager purchase southern pacific railroad
india hold white sugar buying tender india hold buying tender wednesday march two three cargoes white sugar march april shipment traders said reuter
italy pct months end january italian money supply rose provisional pct seasonally adjusted three months end january bank italy said bank said measures notes coins circulation plus bank post office deposit accounts fell provisional billion lire january downwards revised still provisional billion december provisional year year rise january pct compared downward revised provisional pct december similar excluding certificates deposit including proceeds bank repurchase operations rose provisional pct seasonally adjusted three months end january bank said totalled provisional billion lire end january downwards revised still provisional billion december year year increased provisional pct january compared downwards revised provisional pct december reuter
industries sell cosmetics unit industries said company board authorized sale co company company said evaluating two separate proposals complete sale within days reuter
inc year loss shr loss given net loss sales note company june fourth quarter loss dlrs reuter
west german banks slowly cutting key savings rates west german commercial banks cautiously cutting key savings lending rates banking sources said cuts follow nearly two months bundesbank reduced leading interest rates far longer usual interim period deutsche bank ag dbkg f spokesman said cutting leading savings rate private customers regional basis percentage points two pct dresdner bank ag f commerzbank ag cbkg f initiated similar moves bank fuer ag f cut rates pct generally delay partly due commercial banks desire gauge customer reaction similar move regional savings banks fall customer savings lower rates could reduce cheap refinancing available banks forcing draw relatively expensive funds sources one economist german banking association said volume savings funds may substantially undercut lower savings rates many customers funds savings accounts hope higher yields future said said may conflict bundesbank aims move funds relatively short term deposits longer dated securities reduce strong growth central bank money supply aggregate aggregate showed annualized growth provisional pct february fourth quarter last year unchanged january growth rate outside expanded target range three six pct banks far reduced lending rates private customers though lending rates corporate customers beginning decline reuter
treasury baker says exchange rate changes reduce trade deficit year
ultramar says fourth quarter showed improvements ultramar plc umar l said fourth quarter improved operational point view several special charges adversely affected results overall year good one operations dramatically hit fall crude oil prices operations also affected first half large losses inventories margins improved second half particular refining marketing eastern canada showed good recovery company commenting results showed net loss year mln stg mln profit fourth quarter charges included mln stg provision retroactive price agreement recently pertamina japanese buyers company liquid natural gas mln early months ownership gulf canada marketing assets ultramar said also included estimated cost reorganisation programme partly offset withdrawal surplus funds u pension schemes mln stg provision estimated cost selling u flag shipping operation immediate outlook crude oil prices uncertain although unlikely would sizeable increase near term however ultramar said optimistic prices would strengthen longer term substantial reserves crude oil natural gas put good position benefit price recovery meantime ultramar objectives improve profitability selling restructuring weak operations strengthening core businesses developing sound operational financial base proven probable possible reserves end totalled mln barrels net oil equivalent basis ultramar shares firmed announcement p p last night close reuter
sun electric corp se st qtr jan oper net oper shr profit nine cts vs loss seven cts oper net profit vs loss sales mln vs mln avg shrs vs note oper net excludes extraordinary profit dlrs six cts shr dlrs one ct share respectively quarters utilization tax loss carryforwards reuter
inc weis th qtr net shr dlrs vs dlrs net vs revs mln vs mln year shr dlrs vs dlrs net vs revs mln vs mln reuter
indian rate cuts spark industry agriculture indian finance ministry announcement parliament yesterday changing nation interest rate structure benefit industry agriculture providing loans lower interest bankers brokers said changes effective today included reducing commercial bank lending rates ranged pct pct one percentage point new rates affect indian foreign banks also include one percentage point gain annual pct deposits two years less five bank deposits five years carrying pct interest abolished bankers said interest rate modifications reflect government concern reduce costs borrowing help improve world competitiveness indian goods likely shift short term bank deposits long term depositors bankers predicted create flexibility draw invest funds either equity shares short term bank deposits said merchant banker also said reduced manufacturing costs due lower lending rates likely boost share market steel trend bombay stock exchange opened today higher rupees yesterday closing rupees stockbroker said investors may less buy convertible non convertible debentures finance ministry reduced annual interest rate pct pct respectively pct respectively overall debenture prospects remain bright rates interest still higher banks pay deposits similar maturity merchant banker said reuter
ghana cocoa purchases fall cumulative still ghana cocoa board said purchased tonnes cocoa st week ended february main crop season compared tonnes previous week tonnes st week ended march six season board said cumulative purchases far season stand tonnes still tonnes purchased st week last season board said reuter
hudson foods make acquisition hudson foods inc said agreed principle acquire cos inc poultry beef pork products midwest supermarkets food distributors sales mln dlrs year ended november one company said definitive agreement expected signed april terms disclosed reuter
opec may meet firm prices analysts opec may forced meet scheduled june session production cutting agreement organization wants halt current slide oil prices oil industry analysts said movement higher oil prices never easy opec thought may need emergency meeting sort problems said daniel director cambridge energy research associates analysts oil industry sources said problem opec faces excess oil supply world oil markets opec problem price problem production issue must way said paul oil analyst salomon brothers inc said market earlier optimism opec ability keep production control given way pessimistic outlook organization must address soon wishes regain initiative oil prices analysts uncertain even emergency meeting would address problem opec production mln bpd quota set last december opec learn buyers market cannot quotas fixed prices set differentials said regional manager one major oil companies spoke condition named market trying added david editor mideast reports expects opec meet june although immediately however optimistic opec address principal problems meet try take advantage winter demand sell oil late march april demand said said opec unlikely anything agreement keep output mln bpd analysts said next two months critical opec ability hold together prices output opec must hold pact next six eight weeks since buyers come back market said dillard petroleum analysis ltd new york harvard university energy environment policy center said demand opec oil rising first quarter may prompted excesses production demand opec oil clearly mln bpd probably closer mln bpd higher seeing characterized cheating opec meeting demand current production told reuters telephone interview reuter
u officials defend oil reserve sale plan treasury secretary james baker office management budget chief james miller defended administration plan sell u naval petroleum reserves response hostile member house appropriations committee officials said plan justified help bring fiscal budget deficit get government oil business miller estimated sale proceeds billion dlrs would actually bring deficit billion dlrs loss revenues sale oil reserves miller said sale price may end higher sell highest bidder miller said get take reuter
bankers see sharp rise thai foreign reserves thailand improving economy likely cause foreign reserves increase least five billion dlrs end record nearly billion end february private bankers said bank thailand statistics show foreign reserves rose billion end january billion year earlier chief economist bangkok bank ltd said thailand strong export performance relatively high interest rates foreign participation stock market growing foreign investment especially japan contributed projected sharp rise thai exports rose pct expected expand another pct year bankers said u embassy report said last month thailand could achieve five pct real gross domestic product growth projection pct pct said economic growth continues current pace oil prices major currencies remain stable five billion reserves target easily reached thailand foreign reserves include gold special drawing rights convertible currencies target equivalent five half months worth imports reuter
audio video ava sues cyclops cyl bid audio video affiliates inc said filed suit dixons group plc cyclops corp alleghany corp others connection dixons recently completed tender offer raised ownership cyclops pct company said suit filed u district court southern district ohio seeks temporary restraining order preliminary injunction requiring dixons business days permit cyclops shareholder previously tendered wishes withdraw company said order injunction would also dixons option granted cyclops dixons business days attempting exercise control cyclops audio video said suit also requests court order cyclops immediately provide potential bidders cyclops information given dixons audio video citicorp cci tendering cyclops shares competing offer dlrs per share said could raise bid dlrs certain circumstances dixons offered dlrs tender february alleghany agreed buy cyclops steel construction business mln dlrs cash assumption liabilities reuter
jaguar sees strong growth new model sales jaguar plc l sell new model u japanese markets expects strong based success u k chairman sir john told news conference commenting pct growth group turnover mln stg pre tax profits mln stg slightly mln said jaguar aimed average profit growth pct per year however introduction new model kept year pre tax profit jaguar starts selling u may plans sell total production u sales account pct total turnover finance director john edwards said u price car set yet edwards said relatively high car prices dollars west german competitors offered jaguar added also compete u car producers would restrict car price jaguar majority dollar receipts month rolling basis plans larger part receipts longer periods john said longer term capital expenditure amount pct net sales research development cost four pct net sales training two pct jaguar builds half cars buys components half firm early stages considering building press shop britain mln stg said would take least another three years london stock exchange jaguar shares last quoted p p yesterday close reporting results line market expectations dealers said reuter
delta says court order delay merger delta air lines said court order requiring western air lines wal two unions delay april merger two airlines order issued circuit court appeals requires western discuss two unions whether western labor contracts binding delta delta said nevertheless court order could cause significant personnel problems including possible delay wage increases delta planned give western personnel april ronald allen delta president said delta said feels court reconsider order reuter
talking point santa fe southern sfx santa fe southern pacific corp may difficulty combining two railroads possible takeover henley group heng accumulated almost five pct stake real estate railroad conglomerate analysts said takeover speculation santa fe since henley disclosed stake company earlier week analysts santa fe official skeptical takeover intention analysts also said company strong would easily deter suitor one problems combining two railroad properties hang regulatory richard merrill lynch co inc said santa fe december mln dlrs cash cash equivalents long term debt capital pct gives borrowing power said could used unwanted suitor henley group chairman michael said wants take major positions undervalued natural resource companies also told reuters interview seeking acquisition two billion eight billion dlrs santa fe officials appear concerned henley might launch takeover would atmosphere around one concern one santa fe executive said henley think wrong assume formed firm strategy santa fe said mark covers henley securities analysts say potential santa fe land assets likely realized slowly add santa fe efforts merge two railroads remain regulatory many strategic plans foreseeable future realities said support henley group statement santa fe stake investment pressing problem facing santa fe difficulties merging two railroads santa fe railway co southern pacific transportation co merger would create nation second railroad last july interstate commerce commission icc denied merger grounds company since granted sharing rights four western railroads meet icc concerns persuade reopen hearings three year old merge lines commission decide three six weeks whether reopen hearings said believe made effort satisfy icc objections said pleased everyone burlington northern side burlington opposed way rights set hearings reopened analysts predicted take six nine months everyone say another year icc decide santa fe mln share stock buyback program begun bought back mln shares february mln shares outstanding spokesman said among shares repurchased two stakes owned norfolk southern one mln shares bought another mln shares one analyst said james believes santa fe could fight henley group cash credit citing share norfolk southern said one santa fe options threatened could buy henley stake indeed possible sees low risk investment said people follow santa fe given values dlrs dlrs share said securities certain mind company worth breakup value reuter
comdata network cdn new acquisition talks comdata network inc said active talks parties possible acquisition recapitalization comdata effort maximize shareholder values comdata said rosewood financial inc together partners lp ltd acquired five pct comdata stock rosewood intends acquire pct comdata comdata said yet reached definitive agreement mason best co previously announced recapitalization self tender offer reuter
german rises billion marks february west german money supply rose seasonally adjusted billion marks february billion bundesbank said rise compares revised billion mark increase january billion rise february reuter
israel five year plan boost agriculture israel drawn five year plan raise agricultural production mln dlrs billion dlrs annual rise pct israeli ministry agriculture said agricultural exports increased mln dlrs pct per year average area planted cotton remain level acres exports expected bring mln dlrs per year pct decline level reflects continued water remain force ministry said production planned increase tonnes pct exports tonnes pct maize production targetted rise tonnes pct exports tonnes pct reuter
intermedics inc st qtr feb one net oper shr cts vs cts oper net vs revs mln vs mln note current st qtr oper net excludes operating loss carryforward cts per share st qtr oper net excludes loss carryforward dlrs one ct per share loss discontinued operations dlrs reuter
ec commission open attitude steel quotas ec commission said open attitude whether system production quotas remain indefinite future heavy steel products account pct ec steel goods statement commission reiterated view industry needs lose mln tonnes capacity previously said quota system started completely end next year industry argued maintenance existing quotas cover almost pct output saying almost steelmakers losing money due depressed market reuter
rockwell sees improvement rockwell international corp continues expect significant improvement results despite disappointing performance one business segments president donald beall told reuters rockwell reported net earnings first quarter ended december mln dlrs dlrs per share compared mln dlrs cts per share year ago operating earnings however four pct analysts attributed decline rockwell allen bradley unit suffered weakness industrial automation market soft market concerned moving forward market development enhancing market share beall said allen bradley unit beall los angeles address technology management conference said first quarter sales allen bradley unit flat compared year earlier said company break operating earnings unit quarterly basis beall said recent trend toward cost sharing research development phase government contracts major impact rockwell near term performance noted however increasing focus cost sharing could limit technological worry heading period contracting approaches early development stages important military contracts beall said adding long term serious problem addition beall told conference greatest competitive threat defense contractors defense electronics due government attempt take advantage priced products made outside u reuter
uk average earnings rose pct january underlying rise pct official
basf corp year net net mln dlrs vs mln sales billion vs billion note wholly owned basf ag west germany reuter
economic spotlight ems marks eighth european monetary system marks eighth anniversary still vulnerable turmoil world money markets despite creating island currency rate stability europe economists say many economists say system holds eight european community currencies within narrow fluctuation remains new currency european currency unit ecu success investors borrowers seeking alternative volatile dollar wednesday long term vision ecu europe common currency took step nearer becoming reality belgium world first ecu coin economists say members west germany far blocked second stage development envisaged system ex west german chancellor helmut schmidt former french president phase originally due started two years ems set decision making transferred national governments central banks european monetary fund members sovereignty economic monetary matters basic problem ems governments prepared make quantum situation certain decisions taken common said one economist closely watched system development result ec often divided policy third currencies economists say system greatest weakness weak dollar past months u dollar plunged investors moved strong currencies resulting sharp rise west german mark severely strained system mark soared dollar also rose ems currencies less favoured international investors west germany last year refused give pressure several ec partners united states cut interest rates slow mark rise ems twice ease financial trade strains within community two months ago mark dutch guilder revalued three pct belgian luxembourg francs two pct currencies system french franc italian irish danish crown another frustration britain failure lend ems political support keeping pound still major world currency outside system change british government attitude expected country next general elections due mid meanwhile system last realignment th since set prompted european finance ministers ask ec highly monetary committee committee central bank governors come suggestions ideas due unveiled finance ministers hold informal meeting belgium early next month economists said proposals unlikely involve technical details sceptical chances fundamental change technical measures enough protect ems external factors dollar weakness must take step forward institutional level said leo de economic research department economists say system depend largely success agreement last month among major industrial nations stabilise exchange rates dollar resumes slide ems could turbulence predict reuter
scientific measurement systems inc net nd qtr jan shr loss three cts vs loss seven cts net loss vs loss revs vs avg shrs mln vs st half shr loss six cts vs loss cts net loss vs loss revs vs avg shrs mln vs reuter
international technology sees th qtr loss international technology corp said expects report loss fourth quarter ended march cts per share compared year earlier profit cts company blamed expected loss regulatory permitting issues limited full utilization hazardous waste treatment cites continued startup delays major projects writeoff investment subsidiary california attorney general office department health services company said settlement relates regulatory violations alleged u environmental protection california health services department company hill treatment facilities northern california said agreement pay state dlrs civil penalties two year period pay dlrs five years local medical facilities part community emergency response program developed local communities expenses charged fourth quarter results said company said agreed well make compliance public safety capital expenditures dlrs said received operating permit new cubic yard cell imperial county calif health services department company said facility remains closed expected reopen liquid receipts near future said receipts solid material accounted majority revenue site could restricted pending resolution capacity issues site permit reuter
smithkline aims pct earnings raise smithkline corp said pursuing three point achieve pct annual increase operating earnings throughout remainder decade smithkline earned mln dlrs dlrs per share revenues billion dlrs company said annual report business play major role meeting earnings growth target fact grow faster pharmaceutical business smithkline whose major product said report intends improve earnings existing products expand product portfolio financial resources bolster position market met stiff competition smithkline said strategy develop counter version two joint ventures one plc one pending venture japan smithkline also said inc eye care products division one billion dlr organization next five years grow seven pct annually acquisitions real possibility herbert president eye care product group said report worldwide sales mln dlrs said smith french laboratories pharmaceuticals unit sales billion dlrs file food drug administration marketing approval number cardiovascular agents including tissue next two years also said sk f u sales force pct larger sales personnel smith also said small clinical laboratory testing unit sales mln dlrs mln tests year sees increases employee drug testing well testing aids smith said depending share price cost money may buy back shares last three years bought back pct shares smithkline begins year new management team including new chief operating officer george reuter
com inc th qtr net oper shr cts vs cts oper net vs revs mln vs mln mths oper shr dlrs vs cts oper net vs revs mln vs mln note qtr excludes gain dlrs discontinued operations lebanon packaging year year prior excludes loss dlrs gain dlrs respectively discontinued operations lebanon sale reuter
middle south consider dividend middle south utilities inc consider payment common stock dividend another ruling mississippi supreme court order rolling back rates company mississippi power light co subsidiary chairman edwin said told security analysts middle south close recommending resumption common stock dividend mississippi court ordered rate following order noted unit cancelled planned sale preferred stock middle south court rehearing stay order appealed reuter
westworld community health th qtr loss shr loss dlrs vs profit cts net loss vs profit revs mln vs mln year shr loss dlrs vs profit cts net loss vs profit revs mln vs mln avg shrs vs note current year results include charges related closing divestitures facilities assets full name westworld community healthcare inc reuter
cooper development co st qtr jan net shr profit seven cts vs loss cts net profit vs loss sales mln vs mln avg shrs mln vs mln note current year net includes pretax gain sale product line mln dlrs charge dlrs portion debt issuance costs unit current year results include corp acquired august reuter
coopervision eye delays annual meeting coopervision inc said delayed annual meeting june may allow board review possible recapitalization options meeting coopervision today reported first quarter net income mln dlrs mln dlr pretax gain sale business johnson johnson mln dlrs cash mln dlr charge debt repurchase sales mln dlrs year earlier earned dlrs dlr loss discontinued operations sales mln dlrs company said aggressive program investment spending maintain increase market shares two core businesses accelerate sales growth year hold back increases operating income near future coopervision said furthermore entire net cash proceeds recent sales several businesses employed reduce indebtedness make strategic acquisitions otherwise employed relation possible recapitalization company recovery net income held back loss particularly tax income pharmaceutical business sold johnson johnson reuter
simmons airlines inc nd qtr loss period end jan shr loss cts vs loss cts net loss vs loss revs mln vs mln six mths shr nil vs profit cts net loss mln vs profit revs mln vs mln avg shrs vs note prior yr results restated reflect change value aircraft resulting increase five cts shr six mths reuter
inc th qtr loss oper shr loss dlrs vs loss dlrs oper net loss vs loss sales mln vs mln year oper shr loss dlrs vs loss cts oper net loss vs loss sales mln vs mln note prior qtr year figures exclude losses discontinued operations dlrs dlrs respectively respective losses sale discontinued operations mln dlrs mln dlrs reuter
akzo planning us investments dutch chemicals group akzo nv akzo said hoped consolidate core activities year making small acquisitions us akzo chairman told news conference report company wanted achieve level us investments divested fibre firm american december us investments represented pct akzo total capital us expansion plans attempt compensate losses guilder income lower dollar said said important factor speed growth us adding largest industrial market world said company would also looking possible acquisitions europe despite highly liquid cash flow akzo plan acquisitions scale would influence company debt equity ratio said chairman said past two years akzo spent billion guilders acquisitions nearly two thirds united states reuter
forest oil corp th qtr shr loss cts vs profit eight cts net loss mln vs profit year shr loss dlrs vs profit cts net loss mln vs profit mln reuter
krupp build south korean steel plant krupp gmbh said krupp gmbh subsidiary mln marks joint order shipbuilding heavy industries co ltd seoul steel works south korea said order awarded iron steel co ltd involves works due go stream producing tonnes non quality steels annually consortium partners supply plant construction advise product processing krupp providing tonne capacity arc furnace steel refining west german company supply vehicles electrical exhaust cooling also fit plant laboratory among things krupp said provide know production train korean workforce said take care korean part engineering electrical work water treatment mechanical equipment according krupp basic engineering ingots plant converted sheet existing hot rolling mill sheet processed facilities krupp said reuter
baldrige predicts end u japan trade dispute united states japan soon settle trade dispute semiconductors u commerce secretary malcolm baldrige said television baldrige referring u japan trade agreement semiconductors said government wants live industries think good settlement spare sides think japanese understand full well lived commitment said added think trade war friday washington announced plans put much mln dlrs tariffs japanese electronic goods april tokyo failure agreement officials said tariffs would ended soon japan started adhering agreement said little chance japan could react quickly enough avert higher tariffs baldrige said reagan administration hoped strong u action japan would convince congress tone protectionist trade legislation denied action taken reason reuter
inc th qtr loss oper shr loss four cts vs loss cts oper net loss vs loss sales mln vs mln year oper shr profit cts vs loss cts oper net profit vs loss sales mln vs mln note net excludes extraordinary charges provision products costs sale printing division dlrs vs mln dlrs quarter dlrs vs mln dlrs year net excludes tax credits dlrs vs dlrs quarter dlrs vs dlrs year reuter
shell declare norway field commercial norske shell royal dutch shell group rd norwegian subsidiary said nearly concluded billion crown development scheme norway oil field declare field commercial near future pending government approval scheme field could come stream making norway field development first project haltenbanken central norway work project could begin early january shell spokesman said shell released projected output levels field water depth meters spokesman said field partners agreed develop single concrete gravity base platform scheme also proposes using remote production wells tap field estimated contain mln barrels oil offshore loading system transport oil field ship partners shell operator pct stake british petroleum co plc bp l unit bp petroleum development norway ltd pct state owned den norske stats oljeselskap stat ol statoil pct reuter
canada consumer price index rose pct february statistics canada said
british petroleum raises north sea butane prices dlrs tonne today
chubb corp cb sets quarterly qtly div cts vs cts prior pay april seven record march reuter
noranda spin forest interests separate company
ltd nine mths dec net shr six cts vs five cts net vs revs vs reuter
u k issues one billion stg bond tranche bank england said taking onto books one billion stg tranche pct treasury loan stock due payable stg pct application stock issued bank stg pct available dealings march remainder amount payable may bank said bonds would yield pct issue price would free tax residents overseas issue would designated pct treasury loan b mln stg reserved national debt commissioners market dropped point following bank announcement treasury pct stock due quoted one full point lower stg pct around minutes news dealers said announcement viewed pressure lower u k interest rates built past two weeks result sterling strength bank morning finally signalled prepared see lower rates u k clearing banks afternoon announced cuts base lending rates pct pct bank initially reluctant rate cut dealers said authorities delay reduction around time u k budget march thereby full impact chancellor exchequer nigel lawson package measures however face sterling apparently climb authorities today decided pressure allow half point cut today one billion stg tap issue viewed market move bank hopes early rate cut might result strong sterling market participants believe lawson foster half point interest rate reduction time budget although one two said would surprised see full point decline stage dealers noted part authorities attempts last week ease pressure lower rates bank issued one billion stg tap stock view government bond market surprise participants issue sold within hours becoming available trading market pushed register sharp gains dealers said stage seemed unlikely issue announced today would absorbed market rapidly last week however noted although sterling edged highs following base rate cut still closed trade weighted basis well ahead friday final peak touched gmt reuter
national hmo corp nd qtr jan shr loss nine cts vs profit nine cts net loss vs profit revs mln vs mln six months net loss vs profit revs mln vs mln note net loss includes writeoff deferred start costs totaling dlrs reuter
inc st qtr jan net net vs revs vs reuter
mobil mob raises west coast crude postings mobil corp said raised west coast crude postings effective today vista light grade degrees api gravity raised dlrs barrel dlrs bbl beach light grade degrees raised dlrs bbl dlrs bbl heavier wilmington grade degrees increased dlrs dlrs bbl kern river crude degrees increased dlr dlrs bbl mobil also said effective today changed gravity adjustment scale follows degrees degrees api mobil adjust price ct per one tenth api degree degrees api company adjust price ct per one tenth degree crude grades degrees api degrees unaffected reuter
hudson bay co th qtr net ended january oper shr profit dlrs vs profit dlrs oper net profit mln vs profit mln revs billion vs billion year oper shr profit cts vs loss dlrs oper net profit mln vs loss revs billion vs billion note excludes writeoff mln dlrs primarily due investment dome petroleum ltd dmp reuter
proposed japan tax may dampen tokyo gold trading proposed sales tax gold transactions could put tokyo market encourage shift trading hong kong singapore senior vice president tokyo branch manager credit suisse paul hofer told press conference impose five pct buy sell transactions tokyo participants gold market could business said tax would create spread japanese would unable compete international market added government really raise taxes system impose generating business said government imposes pct tax physical trades exceeding yen gold coins yen tax per yen futures transactions gold dealers said new five pct tax would imposed companies trading mln yen year apply paper gold trades gold deposits banks trading gold bars well coins dealers said however tax would lower rate coins five pct current pct said hofer said switzerland imposed pct gold turnover tax jan abolished oct study one swiss banks showed early first year tax volume swiss banks fell pct compared hofer said transactions paper gold also fell pct volume prior imposition tax said gold transactions switzerland decreased volume trades outside country particularly london luxembourg increased pct hofer said japan major importer gold buying yearly average tonnes gold dealers said last year japan imported tonnes gold government bought tonnes coins th year dealers said gold trading tokyo dominated mainly japanese trading companies credit suisse major foreign daily turnover tokyo spot market ranges one tonnes average around three tonnes futures turnover amounts four tonnes gold dealers said us concerned daily fact tokyo market growing japan becoming one three major financial markets world personal opinion think would big mistake put positive growth developments imposing tax hofer said think fits market added officials several major japanese trading houses attending press conference said supported credit suisse call government impose gold tax reuter
instrument co st qtr jan shr three cts vs four cts net vs revs vs reuter
hanson han unit sell kaiser terminal plant hanson industries u arm hanson trust plc han said proposed sell separate transactions kaiser cement northwest terminals montana city plant lone star industries inc cement west inc respectively total mln dlrs hanson said deals subject normal conditions closing hanson industries completed purchase kaiser cement march mln dlrs hanson said kaiser cement indirect wholly owned unit hanson trust forms part building products group sales continuation asset program kaiser cement allow kaiser concentrate efforts california marketplace largest cement producer holds market position hanson industries chairman gordon white said reuter
group lowers visa interest rate la confederation des et quebec credit union group said lowering interest rate balances visa credit card pct pct effective june statements move follows cuts credit card interest rate charges several canadian banks reuter
sells gets stake company sells accounting consulting firm said bought stake holland systems corp software services company company also said set venture holland systems develop market integrated line information management products services said products venture expected introduced within next year reuter
mfs managed bond trust sets payout mfs managed trust bond said declared monthly payout income distribution cts share compared cts previous month said distribution payable march shareholders record march two reuter
allegheny int l ag first boston set merger allegheny international inc said entered agreement merge affiliate first boston inc first boston corp transaction valued mln dlrs allegheny said agreement calls holders common receive dlrs share holders company dlrs cumulative preference shares receive dlrs share owning dlrs convertible preferred receive dlrs share allegheny international said agreement calls first boston affiliate start cash tender offer outstanding shares allegheny common cumulative preferred convertible preferred company said first boston committed provide financing necessary acquire securities tender offer estimated mln dlrs said agreement also subject waiver march certain conditions company existing bank credit agreement allegheny international statement name first boston affiliate involved agreement say offer company stock conditioned also valid tender securities representing least majority voting power election directors company valid tender least two third outstanding cumulative preferred convertible preferred shares reuter
union carbide says operating profits th qtr mln dlrs vs loss three mln dlrs
holder communications hold buy five firms holder communications corp said agreed buy five privately held companies combined revenues expected mln dlrs holder plans issue mln common shares buy nashville based companies owned jack norman joe shaw families employees companies include radio stations fm operate new albany miss market general inc contractor southeast acquisitions subject approval holder shareholders federal communications commission reuter
sun raises crude postings cts effective today wti dlrs bbl
spain bank deposit interest rates spain finance ministry bank deposit rates effort raise competition among banks bring legislation line european community ec ministry spokesman said measure published today official state takes effect tomorrow lifts restrictions rates limited six pct deposits days government also enacted decree cutting one pct pct proportion total assets banks must lend favourable rates industries classified public interest bankers expect deregulation rates result pct drop profits year secretary state economy de la told reuters recent interview reduction fixed asset investments would offset losses rate liberalisation reuter
dresdner declines comment scrip share report dresdner bank ag f spokesman said bank comment newspaper reports shareholders would offered free shares dresdner shares surged open marks higher bank stocks also rose strongly dealers cited speculation already market deutsche bank ag dbkg f would make similar move scrip issues occurred would mark first time german banks ever issued free shares varying reports said dresdner shareholders may offered one free share every already held reuter
u calls greater gatt checks trade united states appealed stronger powers general agreement tariffs trade gatt enforce world trade rules call u deputy trade representative michael smith special committee meeting future gatt follows series bilateral trade clouded efforts nation body promote fair trade today meeting part uruguay trade round launched ministers last september round covers areas trade agriculture manufactured goods services take four years negotiate smith called boosting gatt links financial institutions international monetary fund world bank also urged greater involvement trade ministers ensure success uruguay round gatt institution needs strengthened assure gatt proper role management world trading system global economy smith said rules ignored institution weak perceived unable adapt changing world economy also also urged member states trade policies smith brussels today talks european community ec officials told reuters committee wanted stress gatt importance discuss specifics interested periodic ministerial involvement whether formal informal meetings said gatt ruling council due hear complaint nation ec april u japanese accord semiconductors ec charges accord breached gatt trade rules allowing tokyo set minimum prices japanese chips sold third countries gatt dispute panel set review agreement president reagan strongly supported uruguay trade round promote freer trade said washington impose tariffs japanese electronic goods said tokyo shown willingness open markets u exports reuter
cuban sugar output seen mln tonnes cuban sugar output season put around mln tonnes raw value broker c czarnikow monthly sugar market review allowing around tonnes current year domestic usage would leave around mln tonnes export czarnikow estimates mln tonnes taken ussr mln socialist countries remainder delivery non socialist bloc destinations czarnikow also estimated ussr production mln tonnes raw value added mln imports cuba set estimated domestic export needs mln tonnes leave gap mln tonnes acquired world market soviet purchases date may far short quantity czarnikow said reuter
metromail sees flat year net metromail corp said expects earnings year flat due higher expenses caused expansion data processing capabilities startup costs associated new cooperative programs continue fourth quarter company today reported earnings nine months ended march one dlrs dlrs year last year earned mln dlrs reuter
u k feb retail prices pct base revised year year rise pct official
london metal rotterdam mt scrap bin shanghai mt iron manila mt steel liner one port mt steels end april singapore mt steel scrap reuter
fcs laboratories terminates deal talks fcs laboratories inc said merger discussions unnamed privately held company health care field ended without agreement previously announced negotiations began last august company said disappointing spend much time negotiations fail said fcs chairman nicholas iii discussions could produce deal acceptable board context company stronger financial position today compared six months ago said fcs stop actively seeking potential merger partners respond serious inquiries determined follow plan restore company profitability said continue actively potential acquirers forces us postpone implementation critical decisions part plan company common shares outstanding reaffirmed expects profitable second half fiscal year ending september reuter
japan fund confident financing sterling grace capital management l p group said confident financing arranged japan fund board recommend group acquisition proposal group also includes anglo american security fund l p b pickens iii tuesday proposed entity controls acquire cash assets japan fund pct fund aggregate net asset value group said number meetings past days domestic overseas financial institutions sterling grace capital group said certain institutions expressed serious interest providing financing proposed acquisition japan fund adding reasonably confident financing quickly arranged japan fund board directors willing recommend transaction shareholders reuter
first chicago raises prime rate first chicago corp said first national bank chicago raised prime rate pct pct effective immediately reuter
malaysia imposes export duties rubber malaysian government said imposed export duties rubber cent per kilo price moved threshold price cents per kilo price effective march rose cents per kilo february duty research remains cents per kilo replanting duty also unchanged cents reuter
freight insurance proposed ccc sales usda u agriculture department proposing permit coverage freight cost marine war risk insurance sales agricultural commodities sold credit terms commodity credit corporation ccc credit guarantee programs proposal applies commodities sold exporters cost freight c f cost insurance freight cif basis since costs would included exporter sale price foreign buyer said current programs freight costs covered export sales u animals asked comments proposal april reuter
kuwait may register gulf tankers newspaper kuwait may register part tanker fleet foreign flag including u ussr attempt protect iranian missile attacks gulf war zone u officials quoted new york times saying transfers would allow country registration kuwaiti owned ships gulf kuwait earlier declined offer u naval public need protection said kuwait also looking european officials said soviet flag tankers kuwaiti oil gulf may get soviet officials said kuwait earlier considered ussr u u unwilling give soviet union naval role region newspaper quoted officials saying kuwait backed iraq seven year war iran ships increasingly target iranian attacks u kuwait negotiating month methods protecting kuwaiti ships reuter
lear petroleum partners lp th qtr loss oper shr loss nil vs loss nil oper net loss vs loss revs nil vs nil avg shrs mln vs mln year oper shr loss two cts vs loss two cts oper net loss vs loss revs nil vs nil avg shrs mln vs mln note net excludes losses discontinued oil natural gas operations mln dlrs vs dlrs quarter mln dlrs vs mln dlrs year company sold operations end reuter
american barrick sells coal assets american barrick resources corp said sold two coal supply agreements certain mining equipment representing substantially assets two ohio coal mines peabody coal co kentucky terms disclosed proceeds sale combined sale company remaining coal assets result full recovery investments operations company said without elaborating sale complete planned disposition american barrick non gold assets said reuter
technology inc nd qtr march shr profit eight cts vs loss dlrs net profit vs loss revs mln vs avg shrs vs six mths shr loss nine cts vs loss dlrs net loss vs loss revs mln vs mln avg shrs vs reuter
shad sees progress insider trading securities exchange commission chairman john shad said progress made insider trading chairman house subcommittee jurisdiction securities laws said concerned conditions wall street created wall street process laws broken multi billion dlr corporations become easy rep edward mass chairman telecommunications finance said start hearing sec activities congress nervous current warning even worse things come said disruption created merger particularly shad said recent cases involving ivan boesky dennis others warning engage insider trading taking heavy risk high securities industry insider trading dollars profits boesky others markets flowing legitimate investors traders shad said statement shad said insider trading cases involved pct less sec enforcement actions recent years increased significantly cases brought past five years compared cases years said favor takeovers thought tender offer process needed reform including earlier disclosure takeover attempts n j rep senior subcommittee republican said introducing legislation create five member commission study securities industry year report findings recommendations congress commission members would appointed sec primary mission would analyze extent illegal trading insider trading assess adequacy existing surveillance systems government operations commission would advise congress additional resources civil criminal needed combat fraud improve compliance federal laws said reuter
corp th qtr net shr profit three cts vs loss cts net profit vs loss revs vs avg shrs vs year shr profit one ct vs loss cts net profit vs loss revs vs avg shrs vs note th qtr year net includes two mln dlr loss litigation settlement dlrs write goodwill reuter
bank nova scotia cuts prime rate pct pct effective tomorrow
inc th qtr loss jan shr loss cts vs loss cts net loss mln vs loss mln revs mln vs mln year shr loss cts vs profit dlr net loss mln vs profit mln revs mln vs mln note net includes extraordinary gain mln dlrs tax loss carryforward year loss dlrs th qtr reuter
dome dmp repeats dome mines stake sale dome petroleum ltd pct stake gold producer dome mines ltd continues sale right price spokesman david annesley said response inquiry reaffirming remarks made last year chairman howard annesley said company considering selling stake dome mines concerning dome petroleum pct stake encor energy corp ltd annesley said encor strategic investment dome intention selling dome spokesman annesley said answer question aware negotiations way toward sale dome petroleum mln dome mines shares also declined specify price company would consider selling shares clearly today prices dlrs share dome mines stock attractive annesley commented considering sale right price time shares priced around nine dlrs added price around dlrs share would considered fairly attractive annesley said annesley also dome petroleum may able sell dome mines shares premium market prices might opportunity pick premium would virtually control block dome mines said dome mines shares traded earlier dlrs toronto stock exchange dome petroleum negotiating plan restructure debt billion canadian dlrs group major creditors includes dome mines encor energy company previously said expects detail plan lenders early next week reuter
british aide u protectionism senior british official said protectionist bills considered congress could trigger retaliation european community threaten global trading system paul channon secretary trade industry said congress passed legislation curb textile imports would hit ec shipments well shipments major asian textile producers community would retaliate comments made yesterday belgian trade minister herman de croo said bill passed community would retaliate imposing taxes u exports channon made remarks news conference two days talks reagan administration officials members congress de croo also washington trade talks channon said greater protectionism sentiment congress since visit last year congress administration tried find ways reduce u trade deficit last year hit record billion dlrs channon also called greater ec u cooperation force japan open markets foreign goods channon said japan trade surplus causing everyone problems surplus united states last year billion dlrs ec nations billion dlrs united pressure could better said channon also called increased u ec cooperation avoid trade disputes said two sides narrowly avoided confrontation earlier year lost grains sales spain portugal joined community liberal imports regulations tightened conform ec standards sides drew back brink time said mean would another occasion channon added increasing europe u negotiating pressure imposed said potential conflicts already sight alleged european government subsidies airbus aircraft taxes fats oils united states must therefore learn manage relations better said another bill let united states retaliate nation nation market open u goods would trade pact gatt general tariffs trade trade practices said foreign trade law gatt united states adding trade law interpreted united states gatt happen rest us reuter
gencorp gy bidder plans sale aerospace unit general partners controlled privately held wagner brown afg industries inc said plans sell gencorp inc aerospace soft drink bottling divisions succeeds acquiring company filing securities exchange commission general partners said proceeds sale gencorp aerospace division would help repay debt would incur dlr share cash tender offer general partners launched surprise tender offer today said already shares gencorp pct total outstanding common stock general partners estimated total cost takeover billion dlrs also said plans continue gencorp policy trying settle federal communications commission charges two television radio station licenses said would also continue gencorp policy trying sell new york area television station wor mca inc mca mln dlrs los angeles station khj walt disney co dis mln dlrs general partners said plans keep gencorp akron ohio general partners also said would maintain gencorp plastics industrial products division well tires related products left open might make changes gencorp operations completes merger besides using mln dlrs equity tender offer general partners said would seek one billion dlrs secured margin facility wells fargo bank n banks also said would seek billion dlrs sale shearson lehman brothers holdings inc affiliates senior subordinated promissory notes march letter gencorp chairman william reynolds included sec filing general partners officials said confident ability promptly obtain remaining funding described offer materials reason obstacles prompt consummation transaction general partners said shearson dealer manager general partners offer gencorp reuter
hong kong firm ups wrather stake pct industrial equity pacific ltd hong kong investment firm said raised stake wrather corp shares pct total outstanding common stock shares pct filing securities exchange commission industrial equity principally owned brierley investments ltd publicly held new zealand company said bought wrather common shares feb mln dlrs first disclosed stake wrather earlier month said bought stock investment purposes reuter
pacific lighting corp qtly dividend shr cts vs cts prior qtr pay may record april reuter
corp sets quarterly qtly div cts vs cts prior pay may record april reuter
golden north encouraging drill results golden north resource corp said said surface underground drilling project fraction nickel plate mountain property british columbia returned encouraging gold assays said one hole encountered several intervals including feet grading ounce gold short ton feet feet grading ounce gold ton feet feet fraction hole returned assays including ounce gold ton seven feet feet said reuter
laidlaw declares three two split boosts payout cts shr four cts
borg warner bor board sale unit borg warner corp said directors approved sale mln dlrs industrial products division new york based private investment firm clayton dubilier inc senior management group yesterday company said agreed sell division annual sales mln dlrs based long beach california reuter
italian panel urges exchange liberalization liberalization italy foreign exchange controls gradual also reasonably rapid report issued study committee nominated italian treasury ministry said report looking country financial development prospects said italy large public sector deficit growing public debt among considerations made gradual liberalization report also favoured six pct band european monetary system ems liberalization process order lessen short term domestic interest rate fluctuations could result portfolio adjustments fluctuation margin currently significantly higher allowed ems currencies italy recent months announced series deregulation moves response european community aimed creating genuine common market goods services finance reuter
united auto workers union says supports chrysler amc merger
inc regular dividend set qtly div cts vs cts previously pay april record march reuter
african producer price inflation falls sharply south african year year producer price inflation fell pct january pct december central statistics office figures show items index base rose monthly pct january also rising pct december year ago index stood year year producer price inflation pct reuter
pan corp th qtr loss shr loss dlrs vs profit dlrs net loss mln dlrs vs profit mln revs mln vs mln mths shr loss dlrs vs profit cts net loss mln vs profit mln revs billion vs billion note net includes special charges mln dlrs vs special gain mln dlrs qtr year reuter
u company earnings first quarter anchor financial corp shr cts vs nine months inc shr cts vs federal co shr dlrs vs richardson electronics shr cts vs year industries inc oper shr loss cts vs loss cts fine art acquisitions shr cts vs corp oper shr loss dlrs vs loss reuter
saudi riyal deposit rates remain firm saudi riyal interbank deposits steady yesterday higher levels quiet market traders said reluctant take new positions uncertainty whether opec succeed halting current decline oil prices oil industry sources said yesterday several gulf arab producers difficulty selling oil official opec prices kuwait said plans emergency meeting member organisation traditional sunday trading due european weekend also contributed lack market activity spot next one week rates put pct quotes ranging seven six yesterday one three six month deposits quoted unchanged pct respectively spot riyal firmer dollar quotes yesterday reuter
times co quarterly dividend qtly div cts vs cts pay june record may reuter
zimbabwe coffee output set rise coffee output reach tonnes year tonnes produced commercial coffee growers association said administrative executive robin taylor told domestic news agency zimbabwe earned equivalent mln u dlrs coffee exports last year would say much country would earn taylor said commercial coffee growers association increased production tonnes tonnes l reuter
american make acquisition american corp said entered agreement purchase life insurance co dallas corporate shell active licenses operate states dlrs company said closing expected late spring result american licensed seven new states reuter
klm take pct stake air uk klm royal dutch airlines klm said agreed take pct stake air u k ltd subsidiary british commonwealth shipping plc bcom l transaction worth around two mln stg klm spokesman said klm already cooperated closely air uk runs flights week amsterdam airport nine uk cities british commonwealth shipping said last week held preliminary talks klm minority stake air u k gave details klm said hoped move would attract british traffic amsterdam airport reuter
says distillate stocks mln gasoline crude mln
regal international ups bell bid bell petroleum services inc said regal international inc doubled offer bell stock one regal share bell share half share previously company said seriously considering new offer also received interest possible merger fortune company identify meetings held later week said explore possibilities recommending final course action reuter
singapore banks say diversification key growth singapore major banks gradually shifting asset holdings loans debt instruments banking sources said banks following trend overseas union bank ltd united overseas bank ltd oversea chinese banking corporation development bank singapore ltd shift towards helped volatile financial markets developed hedging facilities floating rate notes bonds risk management said overseas union general manager loh sun loh told reuters interview singapore banks see limited growth credit risk switching term lending major growth areas stockbroking fee based income said major local banks stockbroking granted seats stock exchange bankers said moving new government securities market stock exchange singapore dealing quotation system one foreign banker said development bank overseas union bank ltd become major players equity market singapore loh said banks participation stock market increased business transactions provided long term growth market banks competition individual stockbroking firms increased business generate added loh said stock exchange singapore might expand equity issues much one billion dlrs year increasing ability foreign local market participants absorb new issues loh said investment management ltd subsidiary overseas union bank ltd u k firm launch union global fund fund local investors seeking capital growth diversified international portfolio invest international shares emphasis u japanese markets said securities singapore pte ltd subsidiary development bank singapore applied hong kong stock exchange set hong kong stockbroking firm loh predicted fixed deposit prime interest rates singapore stay low year result banks forced provide fund management services major clients seeking better returns said economic analysts bankers optimistic major banks show profits helped higher income treasury investment banking activities expect tax profits oversea chinese united overseas show stable growth four eight pct respective gains four seven pct overseas union profits expected jump mln dlrs seven mln dlrs economists said development bank tax profits rose pct mainly due dividend mln dlrs paid national discount company ltd became subsidiary bank said reuter
fairchild president seeking management buyout fairchild semiconductor corp president donald brooks said intends take management buyout proposal company parent point future substantial funding available purchase fairchild owned schlumberger ltd slb brooks also told press conference management successful may later attempt take company public sure management buyout occur hopeful public market one ultimately use raise capital brooks said brooks also said company would continue attempt exchange technology manufacturing agreement fujitsu ltd successful buyout bid withdrew offer acquire pct fairchild semiconductor maker u government officials expressed opposition transaction brooks told news conference purchase would form management buyout leveraged buyout also said transaction could financed debt issue conventional financing investors brooks said management pleased number investment proposals bought added investors must willing invest future growth company selling assets brooks also said aware direct intervention u attempt block merger aware direct contact washington fujitsu mean exist brooks said also said fujitsu executives remain link fairchild reuter
resorts int l receives takeover offer resorts international inc said received proposal ksz co inc holders resorts class b stock would receive dlrs share cash one share common stock new company formed takeover offer resorts said holders class shares would receive dlrs share cash three shares common stock new company resorts said offer ksz calls merger resorts acquisition co inc newly formed delaware corporation resorts said prior merger acquisition would capitalized mln dlrs debt mln dlrs equity said mln dlrs equity would form special preferred stock ksz offer resorts said indicates ksz commitment cos buy special preferred stock resorts said offer expire est march said asked investment advisor bear stearns co advise board offer earlier month estate james crosby members family agreed sell class b shares new york real estate donald trump dlrs share estate family members hold pct class b shares outstanding trump also agreed pay dlrs share remaining class b shares outstanding resorts also shares outstanding class stock shares carry one one voting power class b shares trump offer rival bid dlrs share made pratt hotel corp prat resorts said proposal made ksz existing class class b shareholders would control pct outstanding common new company formed acquire resorts resorts said new company upon completion merger would hold mln dlrs debt special preferred stock would immediately converted exchangeable participating preferred new company preferred resorts said would pay dividend based net cash flows new company paradise island operations resorts spokesman said ksz offer made two page letter resorts could comment contain enough information resorts asked bear obtain complete data said spokesman said resorts familiar ksz believes company controlled davis denver calls davis referred lee public relations davis said immediately available comment donald trump also unavailable comment spokesman crosby estate reuter
southam sell pct interest sun southam inc said agreed sell pct interest sun publishing co ltd publishes sun majority shareholder publisher lewis terms disclosed southam said proposed sale resulted offer made whose family majority control newspaper since sun daily circulation reuter
spanish unemployment rises february number spanish registered unemployed rose mln pct workforce january sixth consecutive monthly increase labour ministry said registered unemployed totalled mln pct workforce february reuter
canada outlines gatt agricultural reform plan canadian trade minister pat carney said agricultural policies hurt world international trade therefore become price responsive time told delegates informal meeting trade ministers one five principles canada wanted adopted reforming agriculture general agreement tariffs trade gatt support agriculture avoid production incentives countries freeze seek reduce government aid measures distorted world prices carney said carney said fourth principle countries introduce new import barriers existing legislation fifth basic principles must implemented collectively carney later told reuters canadian guidelines basically compatible seven point australian proposals announced switzerland january european trade sources said conference welcomed canadian initiative delegates european community voiced reservations principles carney said lot political among ministers complete uruguay round gatt four years also done balanced way consensus view proceed fast broad front see areas emerge get early conclusion said however meeting identify areas carney said said canada u bilateral trade negotiations must concluded least draft form october progressing well reuter
roy f inc th qtr net shr cts vs cts net vs revs mln vs mln avg shrs vs shr cts vs cts net vs revs mln vs mln avg shrs vs note share adjusted three two stock split march said earnings quarter flat due recent substantial addition management technical staff expansion southeastern northwestern u company said full year earnings revenues expected higher company today reported earnings dlrs dlrs revenues mln dlrs mln dlrs earned dlrs last year first quarter reuter
lac minerals lac close lake shore mine lac minerals ltd said suspend underground mining exploration lake shore mine kirkland lake ontario april pending results surface exploration drilling program lac said expect decision affect earnings employees affected company said completed mining crown produced ounces gold since mine produced ounces lac said continue surface drilling determine underground exploration work warranted reuter
inc sets quarterly qtly div three cts vs three cts prior pay may record april reuter
co ltd first half first half ended december shr cents vs int div cents vs net mln dlrs vs mln turnover mln vs mln revenue mln vs mln one five rights issue dlrs share one four bonus issue capital enlarged rights issue shrs mln vs mln note shr applies total net mln dlrs vs mln loss pre net shr cents vs div pay april div rights issue reg march bonus reg may net equity accounts share associates earnings pre equity pre tax earnings mln dlrs vs mln pre equity net mln dlrs vs mln tax mln vs mln minorities mln vs mln interest mln vs mln depreciation mln vs mln net extraordinary loss mln vs mln reuter
credit replaces tv bid french state agricultural bank caisse nationale du credit joined group led publishing house bidding control state television station replacing banque nationale de paris withdrawn said statement credit stake consortium pct last week broadcasting supervisory board asked remove consortium bank acted adviser government imminent privatisation reuter
api says distillate gas stocks week distillate fuel stocks held primary storage fell mln barrels week ended march mln barrels revised mln previous week american petroleum institute api said weekly statistical bulletin oil industry trade group said gasoline stocks fell mln barrels mln barrels revised mln crude oil stocks dropped mln barrels mln revised mln said residual fuel stocks fell barrels mln mln barrels api said refinery runs week rose mln barrels per day bpd revised mln refinery use operating capacity pct revised pct crude oil imports week rose mln bpd revised mln api added reuter
canadian worldwide energy buys triton oil unit canadian worldwide energy ltd said acquired triton energy corp wholly owned canadian subsidiary triton petroleum ltd issue mln common shares canadian worldwide subject regulatory approvals company said transaction increase triton energy holding canadian worldwide mln shrs pct fully diluted interest mln shares triton petroleum assets consist proven oil reserves mln barrels exploratory acreage unspecified working capital significant tax loss carryforward canadian worldwide said optimistic triton petroleum ltd acquisition strengthen financial production base permit acceleration conventional oil exploration program reuter
properties l p oper income properties l p said partnership recorded income operations dlrs two cts unit said compared figures dlrs cts unit results operations years comparable since partnership principle objective sell dispose assets distribute proceeds unit holders according partnership said number units outstanding years reuter
new venezuela debt interest rate goes effect new interest rate pct libor venezuelan public sector debt payments goes effect today finance minister manuel azpurua said azpurua told reporters yesterday reduction previous margin pct libor save country mln dollars debt servicing new rate among changes agreed last month billion dlr public sector debt rescheduling new agreement also able extend term years lower debt payments period pct azpurua said according agreement new interest rate retroactive april provided accord approved october told reporters term sheet changes rescheduling already endorsed member debt committee sent country creditor banks approval new agreement replaces rescheduling accord signed february venezuela asked revise reflect pct drop oil revenues reuter
house ways means work bill toughen trade laws
oppenheimer ups viacom via stake pct oppenheimer co new york brokerage firm said raised stake viacom international inc equivalent shares pct total shares pct filing securities exchange commission oppenheimer said bought net viacom common shares jan march prices ranging average dlrs part stake options said bought shares part arbitrage investment business theater magnate sumner redstone viacom management group bidding war viacom reuter
national bank new zealand ltd year december net profit mln n z dlrs vs mln pre tax profit mln vs mln total assets billion vs billion notes company pct owned lloyds bank plc lloy l results include time first pre tax profit mln n z dlrs australian unit lloyds bank ltd reuter
ec member states cool cereal plans european community ec member states generally given cool initial reaction proposals european commission cereal price changes related measures coming season ec diplomats said said meetings ec special committee agriculture representatives member states said changes taken together would impact farmers incomes britain netherlands shown willingness accept commission overall package said well cuts two pct common prices cereals commission proposes limitation intervention february march period reduced monthly intervention prices ec farm ministers first discussion proposals meeting beginning next monday reuter
industries inc th qtr net shr cts vs cts net vs sales mln vs mln year shr cts vs cts net vs sales mln vs mln reuter
refinery resume operations oil co said refinery resume operation today initial crude oil runs barrels per day privately held company said expects refinery become fully operational may crude oil throughput bpd initial oil products deliveries scheduled monday said refinery closed due change ownership company said reuter
eager technology acquires eager technology inc said signed letter intent acquire inc private colorado corporation subsidiaries terms acquisition disclosed reuter
video library inc th qtr loss shr loss two cts vs profit three cts net loss vs profit revs vs year shr profit cts vs loss two cts net profit vs loss revs mln vs avg shrs vs reuter
brokerage firm ups stake allegheny ag new york brokerage firm leeds kellogg told securities exchange commission increased preferred stock allegheny international inc pct pct said may buy additional shares decided whether offer shares response tender offer sunter acquisition corp unit first boston inc brokerage firm said bought allegheny shares march april dlrs reuter
macmillan stock split approved macmillan ltd said shareholders authorized previously announced three one stock split applicable holders record april nine company said stock begin trading split basis april subject regulatory approvals reuter
krupp satisfactory results krupp gmbh steel engineering group said satisfactory despite provisional pct fall total group sales billion marks billion previous year third party turnover declined billion billion orders slipped billion marks billion said preliminary statement despite figures reflected dollar weakness mark oil raw materials price falls said satisfactory year reason continued expansion machinery plant sector accounted pct total sales krupp added areas mechanical engineering business achieved notable growth rates acquisitions machinery component activities orders decline steel particular trading services sectors affected group total order figures however business sectors contributed positive results achieved krupp added without giving details domestic orders decreased five pct billion marks previous year foreign orders fell pct billion said foreign business accounted pct orders pct orders received machinery plant sector member companies comprise core area group rose four mln marks last year billion krupp said group orders hand amounted billion marks end december billion start year orders received steel sector last year decreased three pct billion marks said steel market weakened increasingly year mainly exchange rate movements deterioration foreign trade downturn number customer industries difficult market sections flats quality steel depressed order around seven pct krupp said special steel boosted strong demand cold rolled flats grew five pct tonnage terms reuter
st source completes merger st source bank said completed merger community state bank north liberty ind bank said community state bank shareholders approved merger meeting last saturday monday directors st source also approved move merger would add community bank mln dlrs assets st source one billion dlrs assets st source said reuter
federal reserve business loan data april one week ended march daily avgs mlns u business loans excluding acceptances agency securities cds major time deposits trading accounts u commercial paper includes financial cos new york business loans excluding acceptances cds major time deposits reuter
french official reserves billion francs end feb vs billion end jan
franklin gold fund cuts dividend semi div cts vs cts prior pay march record march two reuter
europe u japan microchip row rising imports japanese made cars electronic goods may west european officials generally seem prepared stay latest trade row united states japan japan huge trade surplus point west europe united states u charges unfair trade practices involving computer microchips leave europeans cold european community ran billion dlr trade deficit japan last year seeks redress feels japanese trade policy hurts europeans diplomats economists said britain suggestion acting u something japan huge trade surplus ec trade issues u said martin wolf director studies trade policy research centre london basically policies pretty much mean europe would support u ec would climb take advantage u dispute press claims wolf said basically europeans different approach trade problems said u people talk fair trade added u general free competition europe general approach liberal trade good makes countries rich wolf said basic u attitude washington tendency impose called duties import tax designed offset advantages alleged unfair western europe approach trade disputes try reach settlement negotiation wolf said latest u japan trade row president reagan threatened raise tariffs selected japanese electronic goods much mln dlrs alleging japan failed abide u japan pact microchip trade european community challenged agreement violation general agreement tariffs trade gatt practices microchip producers follows likely rally side united states defence agreement said wolf although british pushing tough line japanese trade issues government officials rest europe told reuter correspondents would let ec take lead response u japan trade row spokeswoman ec commission brussels told reuters change community position since march meeting foreign ministers sent strong warning tokyo trade imbalances statement issued meeting ec foreign ministers japan continued trade imbalance appealed greater japanese effort open markets ec external trade commissioner willy de clercq said talks growing japan ec diplomats ec brussels said saw signs immediate intention impose broad ranging sanctions japan ec anxious avoid trade war said instead community trying target problem areas european trade japan including wines spirits cosmetics financial services continue talking try improve situation diplomats said britain government angered difficulties telecommunications giant cable wireless faced bid japanese market officials said last week retaliatory action considered government officials said last night talking days weeks going take time said government would consider options cabinet meeting thursday added final decisions expected main thing british would threaten japan access london booming financial markets government officials said reuter
iraq reports raids iran oil field iraq said warplanes launched two raids iran offshore oilfield northern gulf today military spokesman quoted official iraqi news agency said platforms field reduced said attacks field miles northwest iran kharg island oil terminal carried gmt said today raids fall within iraq policy iranian oil revenue used serve aggressive aims iraqi planes yesterday nearby oil field attacks iranian targets month long reuter
u reaffirms opposition ec oils tax plan meeting among government agencies today reaffirmed strong opposition united states proposed new tax vegetable oils fats european community u trade officials said representatives major government agencies agreed trade policy review group meeting includes officials deputy secretary rank continue diplomatic pressure ec member states agencies together said one u trade official one source said u would continue make clear member states ec commission brussels proceeds vegetable oils tax great cost u officials said formal list european products u might retaliate yet drawn think point yet said one trade official adding ec begun farm price package early assistant trade representative told reuters interagency meeting discuss u strategy vegetable oils issue asked retaliation said sometimes better specific u trade representative clayton yeutter monday warned another major transatlantic trade row develop ec proceeds vegetable oils tax reuter
delta group l year jan shr net basis p vs p shr nil basis p vs p div p making p vs p pretax profit mln stg vs mln net tax mln vs mln outside shareholders interests mln vs mln extraordinary debit vs mln turnover mln vs mln profit breakdown activity electrical equipment mln stg vs mln engineering mln vs mln industrial services mln vs mln corporate finance vs mln making total pre tax profit mln vs mln reuter
ecuador ask opec raise export quota ecuador ask opec raise oil export quota barrels per day compensate lost output due last week earthquake deputy energy minister fernando santos alvite said santos alvite arrived caracas last night discuss aid plan ecuador say organisation petroleum exporting countries opec would approached additional output would related plans discussion venezuela mexico lend ecuador crude repairs pipeline damaged quake earlier venezuelan energy mines minister hernandez grisanti said country would supply unspecified part ecuador export commitments santos alvite told reporters hoped first cargo barrels could leave weekend supply refineries near added ecuador also wanted make bpd shipped caribbean destinations mexico might supply ecuador south korean market ecuador may unable export oil five months due extensive damage mile stretch pipeline linking jungle oilfields pacific port balao reuter
morgan bank plans warrants gold dlrs morgan guaranty trust co new york plans issue warrants gold bullion dlrs ounce lead manager morgan guaranty switzerland ag said warrant priced swiss francs entitled holders acquire five ounce bars gold period april july exercisable warrants represented unsecured liabilities borrower payment due april quotation luxembourg bourse planned warrants exercised would repaid current dollars based value gold exercise date conditions represent premium dlrs ounce current gold price morgan switzerland official said basis maturity four years three months pricing involved implicit volatility gold pct warrants money compared implicit volatility pct indosuez gold warrants pct citibank gold warrants recent issued maturities months reuter
work port halted strike cargo handling remains halted bangladesh port since nearly workers monday following pay dispute port workers association said today ships port port officials said would meet association leaders today try resolve dispute reuter
trade proposes new ec grain intervention rules european community ec cereals trade lobby organisation said written ec farm commissioner frans andriessen propose new system sales intervention claims could save ec budget money proposes applications intervention made certificate valid execution three months later three months trader found market elsewhere could buy back certificate payment one pct premium would restore original intervention safety net would end present situation produce often sold intervention reuter
memory protection completes acquisition memory protection devices inc said completed acquisition assets liabilities division lear siegler dlrs cash newly structured company memory said expects report consolidated sales mln dlrs mln dlrs profitable allowing extraordinary items related acquisition reuter
japan long term prime seen cut record low soon japan long term banks soon cut prime rate record low pct percentage point response falling secondary market yields five year debentures long term bankers said long term prime rate set percentage point coupon five year bank debentures issued long term banks every month latest bank debentures pct met strong end investor demand prospect declines yen interest rates dealers said current pct prime rate effect since february reuter
plains resources inc year loss oper shr loss cts vs profit three cts oper net loss vs profit revs vs mln note year ago oper net excludes tax credit dlrs reuter
investment sets special dividend investment group inc said received mln shares commonwealth capital ltd settlement debt distribute shares stockholders dividend said dividend also include commonwealth shares already holds dividend shares per share held paid shareholders record april company said reuter
manufacturing co th qtr oper loss oper shr loss dlrs vs loss dlrs oper net loss mln vs loss mln revs mln vs mln year oper shr loss dlrs vs loss dlrs oper net loss mln vs loss mln revs mln vs mln avg shrs vs note current year excludes gain mln dlrs disposal discontinued operations shr figures preferred dividend requirements reuter
files debenture offering newman inc said filed securities exchange commission registration statement covering mln dlr issue convertible subordinated debentures due portion proceeds used acquire outstanding capital stock network switching systems inc another part allow exercise option purchase limited partnership interests expert limited partnership rest used general corporate purposes company named painewebber merrill lynch montgomery securities underwriters reuter
fed governor supports commodity price guide robert heller member board governors federal reserve system said commodity prices could form useful guide setting domestic international monetary policy speaking conservative heritage foundation heller said broadly based commodity price index may worth exploring guide monetary policy times rising commodity prices monetary policy might tightened times falling commodity prices monetary policy might eased said commodities also avoid measurement problems occur beginning production give early warning signs wholesale retail changes need react every small fluctuation commodity prices daily basis heller said prepared text commodity prices broad trend policy action might considered said heller said using broad based commodity price index indicator monetary policy would also contribute stabilized currency exchange rates commodity prices generally worldwide prices consistent types goods said said beneficial effects would stabilize export commodity prices developing countries using commodity basket monetary policy reuter
seal inc st qtr jan net shr cts vs cts net vs sales vs reuter
corp raises payout qtly div five cts vs cts prior pay june record may note prior payment adjusted two one stock split declared recently reuter
baldrige warns world trade war danger u commerce secretary malcolm baldrige predicted congress pass reasonable trade bill year said tough protectionist legislation could prompt trade war mood congress right tough trade ever seen six years washington baldrige said weekend television interview think still able get reasonable trade bill spite whole congress trying work together administration trade attitude said president reagan opposes protectionist legislation agreed support trade bill became apparent opposition democrats would pass legislation however baldrige warned measures would trading partners japan south korea taiwan failing cut trade surpluses u could lead retaliation said would urge reagan veto bill asked rising danger worldwide trade war baldrige said yes think question reuter
japan february interim trade surplus japan customs cleared trade surplus first days february jumped billion dlrs billion year earlier finance ministry said february interim surplus sharply mln dlr surplus january period fob exports rose pct year earlier first days february billion cif imports fell pct billion average dollar yen rates exports imports exports imports year earlier reuter
pakistan foreign exchange reserves fall pakistan foreign exchange reserves fell billion rupees february billion january compared billion february state bank pakistan said bank gave reason fall local bankers said big import bills affected reserves federal bureau statistics yet released last month import export figures reuter
oil sees results improving oil gas ltd said expects significant improvement operating performance company today reported earnings continuing operations dlrs mln dlrs earlier due lower prices crude oil pipeline capacity constraints said changes introduced federal provincial governments help results reuter
macgregor sporting goods inc nd qtr jan shr one cent vs nine cts net vs sales mln vs mln first half shr cts vs five cts net vs sales mln vs mln note net includes gains dlrs one cent share vs dlrs seven cts share quarter dlrs seven cts share vs dlrs one cent share half tax loss carryforward reuter
n z foreign reserves fall slightly february new zealand official foreign reserves fell slightly billion n z dlrs february billion january sharply billion february reserve bank said weekly statistical release reuter
alcan close west german smelter alcan aluminium ltd closing aluminum smelter west germany june due high operating costs alcan spokesman said smelter near frankfurt annual capacity tonnes operating half january spokesman leclerc said leclerc said alcan decided would cost much plant said possibility company sell smelter currently employs people scheduled closing reuter
blockbuster entertainment selling unit blockbuster entertainment corp said sell investment corp company chairman david cook president kenneth anderson company said sale taking place compatible blockbuster main line business require additional funding develop market product expected sustain operating losses future company said cook anderson form new company sale called holdings inc reuter
indian sugar output rises first four months india sugar output january season october september rose mln tonnes mln period indian sugar mills association said total offtake first four months current year mln tonnes including tonnes imported domestic use tonnes export mln tonnes including imported domestic use tonnes export corresponding period factory stocks end january mln tonnes imported mln imported year earlier reuter
buys american adventure inc said purchased american adventure inc cash assumption liabilities issuance american adventure inc common preferred stock creditors shareholders members acquisition pursuant chapter reorganization plan american adventure company said transaction involved assets valued mln dlrs reuter
buys stauffer seeds sandoz corp king co said bought stauffer seeds unit stauffer chemical co terms disclosed reuter
gulf states utilities gets qualified audit gulf states utilities co said issued qualified opinion financial statements gulf states said audit opinion without sufficient rate increases funds sources gulf states may unable maintain financial necessary permit realization assets liquidation liabilities ordinary course business said received similar qualified opinion reuter
labor dept reports u real earnings rose pct feb unchanged jan
twa legal pursue acquisition usair
place sales increase february place inc president said company owned stores sales february increased pct period last year said comparable store sales february increased pct company owns franchises total clothing outlets cost six dlrs increase figure seven dlrs starting march said said impact boost start felt early part company second quarter continue throughout year said costs company merchandise increase reuter
canadian foremost continues sale talks canadian foremost ltd earlier reporting lower net profit said negotiations continuing concerning previously announced sale company pct interest resources ltd concluded sale would company results foremost said without elaborating also said lower revenues last half expected continue strong cash working capital position enable foremost go developing traditional new markets earlier said earnings fell dlrs year ago dlrs reuter
pier imports declares stock split pier imports inc said board declared three two split common stock cents preferred stock declared regular quarterly dividend two cents per share pre split shares common stock outstanding pier also declared pct annual dividend increase post split common shares split effected form pct stock dividend classes company said shareholder approval required increase authorized shares common stock mln mln said approval also needed increase authorized shares preferred stock one million five million said voting conducted annual shareholder meeting june pier said currently million shares common stock shares cts preferred stock outstanding split shares distributed june shareholders record may two cts per share quarterly cash dividend payable may shareholders record may increase shares outstanding broaden base stock ownership company dividend increase reflects directors positive outlook future prospects pier imports said clark johnson president chief executive officer reuter
cell sciences inc rd qtr jan loss shr loss one ct vs loss cts net loss vs loss revs vs avg shrs vs nine mths shr loss seven cts vs loss cts net loss vs loss revs vs avg shrs vs reuter
german banking authorities weigh swap regulations german banking authorities weighing rules banks balance sheet activities attempt cope growing volume sophisticated capital market instruments banking sources said interest rate currency swaps currency options scrutiny revisions made may regulation jointly proposed u u k japan director bundesbank division banking law credit said u british proposals interesting declined elaborate banking sources said west germany likely produce conclusions adopt foreign proposals formal plan yet talks latter stages one representative german banking association cologne said bankers expect rule changes year must approved bundesbank west germany four major banking associations federal banking supervisory office talks slowed fact fundamental changes would require revision germany credit law effect since authorities favour credit law fit present circumstances order avoid long parliamentary political process changing banking sources said since beginning banking law limited banks lending times shareholders equity plus reserves consolidated basis lending ratios extend several instruments spot forward currency contracts currency interest swaps commercial paper programs currency options interest rate futures foreign currencies various types interest rate sources said main value u u k proposals lay different types risk factor instance placing greater weight currency swaps interest swaps even german banking authorities agree assessments swaps disagree find balance sheet equivalents risk u british proposals include complicated series assessing stream payments involved swaps whose ultimate risk financial especially remain called market market value german authorities likely consider much complex base evaluation instead schedule lending ratings assigned according borrowers involved sources said also likely lending ratios extended include banks securities portfolios zero public authorities pct domestic banks pct foreign banks pct foreign non bank borrowers flexible equity allowed u u k may put german banks competitive disadvantage sources said also mean use version u u k proposals could far exceed intent u british authorities sources said one specialist dresdner bank ag said long dated foreign exchange forward transaction could instance brought rule cross currency swap despite fact risk may entirely different new regulations affect foreign banks uncertain many converted full subsidiary status applied full banking licence last two years order lead manage mark equity capital fairly small tight lending ratios severely foreign banks freedom movement particularly growing business currency swaps required include transactions balance sheet sources added reuter
american nursery buys florida nursery american nursery products inc said purchased miami based nursery inc undisclosed terms nursery sales mln dlrs owns acres houses square feet cover shipping office facilities reuter
four seasons buying marriott hotel four seasons hotels inc vms realty partners said agreed acquire santa barbara biltmore hotel california marriott corp undisclosed terms closing expected march added companies said would jointly hotel four seasons biltmore santa barbara said would spend mln u dlrs enhance biltmore position one resort hotels north america chicago based vms realty real estate development firm reuter
rochester telephone corp rtc sets dividend qtly div cts vs cts pay may one record april reuter
st lawrence seaway opens shipping season st lawrence seaway said first ship season passed st lambert lock morning officially opening mile long waterway shipping season seaway said expects little increase freight levels year last year moved mln tonnes freight montreal lake ontario mln tonnes canal links lake erie lake ontario canal scheduled open tomorrow officials expect waterway lose nine ten mln canadian dlrs year estimated deficit fiscal ends today reuter
jones vining gets vulcan bid jones vining inc said vulcan corp one main competitors production shoe offered acquire jones vining five dlrs share jones vining said management effort take company private go ahead dlrs per share form buyout yet determined buyout subject conditions said jones vining said board believes transaction vulcan would difficult complete asked vulcan information explore bid january jones vining said board recommended shareholders management buyout dlrs share february six vulcan initially offered acquire jones vining five dlrs share jones vining dismissed offer without said bid failed comply provisions securities act reuter
moore sell globe unit moore resources inc said agreed principle sell globe inc unit cyprus minerals co undisclosed terms sale expected close mid april subject certain conditions including board approval companies globe produces silicon metals products used chemical aluminum iron rubber semiconductor industries reuter
imperial ica declares first div since imperial corp america said declared cts dividend four pct stock dividend april holders record april first dividend payment since company said reuter
geothermal resources international inc year oper shr dlrs vs dlrs oper shr diluted dlrs vs dlrs oper net vs revs vs mln avg shrs vs avg shrs diluted vs note net excludes gains discontinued operations dlrs vs dlrs year net excludes gain dlrs sale discontinued operations net includes tax credits dlrs vs mln dlrs reuter
fed sets two day system repurchases federal reserve entered government securities market arrange two day repurchase agreements system account spokeswoman new york fed said fed funds trading pct time direct injection temporary reserves dealers said economists expected less aggressive injection reserves via customer repurchase agreements reuter
cathay pacific airways ltd caph hk year shr h k cents vs final div cents making cents comparison net billion dlrs vs mln turnover billion dlrs vs billion note dividend payable may books close may note company floated april pct owned swire pacific ltd swpc hk pct hongkong shanghai banking corp hkbh hk pct china international trust investment corp reuter
national semiconductor cites improved results national semiconductor corp said improved results semiconductor group helped reduce losses third quarter nine months quarter ended march group modest sales increase major improvement operating performance compared year ago quarter company said results prior quarter low bookings last fall third quarter shipment holiday shutdowns said semiconductor maker cut net losses mln dlrs cts share mln dlrs cts quarter losses nine months reduced mln dlrs cts mln dlrs one dlr sales grew pct quarter mln dlrs pct nine months billion dlrs bookings recovered latter part third quarter company said despite improvement order rates operating results year year pricing continues aggressive many products said nevertheless expects semiconductor business continue improve year information systems group continue strong sales growth based recent order trends new product introductions said reuter
peru coffee crop unaffected rains recent heavy rains affected peru coffee crop producers looking forward record harvest president one peru four coffee cooperative groups said president peru group cooperatives accounts pct peru exports told reuters harvest quintales kilos expected year said peru exported quintales year september spokesman rica cooperative said flood waters last month reached coffee plantations crop unaffected early february caused extensive damage rica whose coffee cooperative exported quintales last year according state controlled coffee organisation said rains would affect coffee crop continued next month harvesting starts said peruvian producers hoping increase year pct export quota quintales assigned international coffee organisation ico said peru exported quintales ico members last year value around mln dlrs another quintales valued around mln dlrs non ico members reuter
investors intermedics stake pct group investment firms told securities exchange commission raised stake intermedics inc shares pct total outstanding shares pct securities corp new york investment firm associates l p new york investment partnership related entities said bought intermedics common shares february march mln dlrs reuter
varity corp year shr loss cts vs loss cts
minorco sees improved second half minorco said expects net earnings substantially stronger mln dlrs reported first half reporting first half results declined mln dlrs minorco said contributions pct investment december adobe resources corp negative result low oil gas prices reuter
u retail sales rose pct feb non auto sales rose pct
kleinwort benson unit sets first dividend kleinwort benson international investment ltd subsidiary kleinwort benson australian income fund closed end management investment company declared first quarterly dividend cts payable april shareholders record april reuter
ec may offer intervention sugar local market sugar ec producers plan sell intervention may offered european commission sale within community broker c czarnikow says latest sugar review commission propose offer sugar nominal premium european currency unit ecu intervention price consequences producers returns czarnikow says move seen attempt persuade producers take back sugar commission may also take steps producers chosen course removing time limit storage contracts presently means intervention stocks removed end september czarnikow says also possibility production quotas reduced commission decided offer sugar traders export would higher recent export tenders czarnikow notes match difference ec price world market price extra costs might much ecus per tonne says producers might repay costs production levies proposed special elimination levy czarnikow says would several months costs could recovered ec rules primary cause plan sell tonnes sugar intervention france ec export program restitution increasingly failed bridge gap ec price world market price czarnikow notes french move thus seen form protest designed force commission hand west germany tonnes tendered intervention czarnikow says ensure price paid sugar produced addition two pct cut intervention price west german producers face price reduction july probable revaluation green mark even immediate crisis resolved problem expected disappear permanently appeared traders years ec export policy responsive changing demand says weekly tenders respond fluctuating demand increasing reducing tonnage awarded czarnikow says suggesting commission might also take steps cut amount unnecessary surrounding export tender system reuter
transco exploration partners ltd payout qtly div cts vs cts prior pay june one record may eight reuter
mitchell energy cuts capital outlays mitchell energy development corp said plans hold capital spending fiscal ending january mln dlrs mln dlrs spent mln dlrs company also said natural gas revenues far year reduced lower contract customer purchases due mild weather soft economic conditions contracts call lower takes made course year mitchell energy said meanwhile sell additional quantities gas spot market mitchell energy said additional spot sales tend lower average price realized gas early part fiscal however said average full year expected significantly lower dlrs per thousand cubic feet averaged fiscal reuter
engineering co rd qtr net qtr ends jan shr four cts vs cts net vs revs vs nine mths shr cts vs cts net vs revs vs note excludes discontinued operations gain dlrs third quarter fiscal loss dlrs nine months fiscal reuter
danaher expects earnings increase danaher corp said expects higher earnings versus expect significant increases earnings revenues steven danaher chairman chief executive officer said earlier company reported net earnings mln dlrs dlrs share versus mln dlrs dlrs share also reported fourth quarter net mln dlrs cts share mln dlrs cts share previous year fourth quarter reuter
inc th qtr shr loss cts vs profit cts net loss mln vs profit revs mln vs mln year shr loss cts vs profit five cts net loss mln vs profit revs mln vs mln reuter
continental health affiliates inc th qtr shr cts vs five cts net vs revs mln vs year shr cts vs cts net vs revs mln vs mln reuter
sumitomo bank declares stock dividend sumitomo bank california said declared pct stock dividend addition regular quarterly cash dividend cts per share dividends payable april shareholders record march company said reuter
bank jordan branch raises capital jordan branch iraq bank said raise paid capital comply country minimum requirement five mln dinars drawing profits operations country jordan government asked banks early comply new capital requirement raised three mln dinars start area manager abdul al told reuters branch registered capital higher level say long would take pay bank balance shows paid capital mln dinars banks jordan generally higher capital requirement except chase manhattan decided instead close operation banking sources said local banks floated shares raise extra capital branches foreign banks brought additional cash banking sources said appeared jordan made exception case allowing longer comply said gesture close political ties jordan iraq well financial difficulties jordan branch saw pre tax profit rise pct dinars assets mln dinars reuter
volvo group company proposes two five issue ab catena ab volvo st pct stake said proposing two five stock issue raise company equity capital mln crowns mln catena reported profits financial income costs mln crowns mln despite increase sales billion crowns billion company said performance best reflected earnings writeoffs rose mln mln catena increase sales mainly due takeover ab february changed business profile catena principally operated volvo dealer acquisition mainly trading industrial company december catena sold share stockbroking firm jacobson ab yielded profit mln crowns reflected catena pre tax earnings rose mln crowns mln reuter
yeutter says stock market japan trade dispute
ford f europe earnings pct last year ford europe net earnings soared per cent last year mln dlrs kenneth chairman ford europe said attend geneva auto show opens thursday said ford motor co unit sold record million vehicles europe net earnings mln dlrs sales represented per cent european market share said ford invest billion dollars europe total seven billion next seven years added reuter
bank montreal cuts prime rate pct pct effective friday
harcourt brace jovanovich inc hbj th qtr net shr cts vs cts net vs revs mln vs mln avg shrs mln vs mln year shr dlrs vs dlrs net mln vs mln revs billion vs mln avg shrs mln vs mln note dec one company acquired holt rinehart winston w b saunders press foreign subsidiaries including companies single month december th qtr earnings raised seven cts per shr year eight cts per shr reuter
federal co sets regular payout qtly cts vs cts prior payable june record may reuter
federated department stores inc th qtr shr dlrs vs dlrs
prudential records best results six years prudential corporation plc earlier announced pct rise pre tax profits said recorded best general insurance result six years reached satisfactory levels profit areas group chief executive brian corby told news conference despite returning trading profits international division mercantile general division reached satisfactory levels said welcomed mercantile general trading profits optimistic international division acquisition u life company national small effect full effect would felt results corby said group also intended expand number estate agency firms bought last year hoped comprise pct total company profits future hope profitable shortly looking profits estate agencies well insurance products associated corby said prudential pre tax profits rose mln stg mln stg reuter
canada prime minister says major trade deal emerging u
br year non consolidated net profit billion francs vs billion turnover billion francs direct comparison funds billion francs vs billion transfer billion francs profits billion sale securities note company said figure slightly lower french branches become group subsidiaries proposed net dividend ordinary shares francs including franc supplement due exceptional results vs francs note company created may merger shareholders received eight new shares shareholders six every share held old companies comparisons therefore company calculations reuter
lear siegler holding corp plans divest aerospace subsidiary
western savings loan th qtr loss shr loss cts vs profit cts net loss vs profit year shr profit dlrs vs profit dlrs net profit vs profit loans billion vs billion deposits billion vs billion assets billion vs billion note full name western savings loan association reuter
cont l illinois cil says moratorium may cut net continental illinois corp said brazilian debt moratorium remains effect may place medium long term loans brazil cash basis would increase non performing loans mln dlrs reduce income taxes net income mln dlrs first quarter mln dlrs full year company officials told press briefing loans brazil year end totaled mln dlrs according annual report released briefing february brazilian government citing declining level foreign currency reserves declared moratorium payment interest country medium long term debt obligations continental said may take similar action loans ecuador total mln dlrs would reduce pre tax tax net dlrs first quarter two mln dlrs full year bank holding company officers said reuter
rehabilitation corp th qtr shr profit eight cts vs loss cts net profit vs loss revs vs year shr profit cts vs loss cts net profit vs loss revs mln vs reuter
pretax profit mln stg vs mln
l acquisition raises u toll federal home loan bank board fhlbb announced acquisition home savings loan association seattle washington savings bank oak harbour washington fhlbb said home savings th troubled savings institution requiring federal action year said home savings assets mln dlrs assets assets mln dlrs reuter
societe generale reports higher profits france societe generale pa bank sold private sector second half year reported increased profits last year societe generale one three largest state owned banking groups said statement parent company profit totalled mln francs pct mln profit line earlier forecasts profit mln francs bank parent company gross operating profits pct billion francs billion increase bank gross operating profits mostly due rise french franc deposits personal loans well development financial activities societe generale said parent company net banking earnings last year also billion francs compared billion operating costs totalled billion francs billion previous year societe generale president marc said december expected group consolidated profits rise billion billion francs billion reuter
communications ltd th qtr net oper shr cts vs cts oper net vs revs mln vs mln year oper shr dlrs vs dlrs oper net vs revs mln vs mln note current oper net excludes extraordinary income dlrs qtr dlrs year vs previous losses dlrs dlrs respectively reuter
nova subsidiary raises u prices inc unit nova alberta corp said would raise prices u customers five cts pound linear low low effective april company immediately disclose actual new prices official later said reply inquiry new prices effective april would range u cts pound cts official said increase reflected improved market conditions although noted new prices would still lower three years ago reuter
sprint optimistic despite losses us sprint telephone venture gte corp gte united telecommunications inc ut set last june optimistic despite expecting report net loss mln dlrs year david holland president us sprint dallas based southwest division told reuters interview know would report first quarter agreed year company results last year lost mln dlrs noted company slated spend billion dlrs two plus years set network holland added sprint still paying almost mln dlrs year american telephone telegraph co order lease lines said miles mile fiber optic telephone line ground miles end year said pct company subscribers carried fiber optic lines instead leased att lines compared pct end second quarter fiber optic lines send digital light along glass lines accurate economical traditional copper cables fiber optic line dime carry amount information copper cable feet end year capacity carry pct u long distance phone calls holland said said att currently controls pct u long distance market mci communications corp pct sprint five seven pct holland said sprint rates pct lower att pay gain access local telephone exchanges pct lower companies equal access said company cutting back advertising pct year time said sprint increased total number customers four mln two mln july last january fiber high ground shown importance said concerning deregulation att holland said believed att given flexibility regulated pricing plans dominant market place said adding att true competition marketplace takes time prove lot money said adding maybe two four years hard say holland said concerned talk sprint two owners might corporate raiders belzberg family canada might putting pressure sell loss making sprint holdings two excellent partners stated time time support us sprint said adding industry talk two companies might arguing evidence said said sprint progress areas revenues number customers construction track even ahead many areas looking beyond united states holland said sprint currently direct access countries aimed pct free world nations want every country att serves said said sprint currently access mexico working noted negotiations mexico gte sprint us sprint broken september earthquake nation telephone network reuter
campbell red lake mines ltd crk th qtr net shr cts vs cts net vs revs mln vs mln year shr cts vs cts net mln vs mln revs mln vs mln note net includes mln dlr extraordinary gain th qtr mln dlr fl yr extraordinary loss involving provision decline market value marketable securities partly offset gain sale stake dome petroleum ltd dmp reuter
pacific lighting considers unit sale pacific lighting corp said considering sale land development line business discussions potential buyers book value company investment land development operations mln dlrs pacific lighting real estate group earned mln dlrs employed people company said alternatives sale considered include master limited partnership initial public offering equity land development companies said proceeds sale would likely invested pacific new specialty retailing line business oil gas operations company said investment banking firm morgan stanley retained advise pacific lighting disposition land development operations completion transaction one made expected end year company said reuter
nwa inc th qtr shr profit cts vs loss nine cts
wall street stocks loral corp loral corp climbed amid rumors company might takeover target general electric co ge however analysts said skeptical jack want exposure defense markets said one analyst heard rumors doubted reference ge chairman analyst requested said believe one unless deal table loral corp officials immediately available comment reuter
horizon bank sets stock split horizon bank said board declared three two stock split payable april holders record april seven reuter
corrected rexnord rex sell railway unit rexnord inc said signed definitive agreement sell railway maintenance equipment co subsidiary oak industries inc terms withheld also participating agreement banner industries inc previously agreed acquire rexnord railway maintenance sales mln dlrs rexnord said sale part major program divest several businesses representing mln dlrs net assets still divested process machinery division sales mln dlrs co sales mln dlrs corrects purchaser reuter
industries st qtr loss qtr ends jan shr loss cts vs loss cts net loss vs revs vs note qtr includes tax gain insurance claims qtr also includes non recurring expense discontinued operations consolidation four distribution service centers reuter
partners call gencorp gy response unproductive general acquisition co said disappointed gencorp response tender offer questioned company might give better value shareholders gencorp earlier urged shareholders reject dlr per share tender offer partnership includes wagner brown afg industries inc company said studying financially superior alternatives partnership called response unproductive particularly since attempted discuss offer gencorp partnership said gencorp failed say would provide superior value yet continue attempt prevent satisfactory offer failing redeem poison pill poison shareholder rights plan make takeovers expensive gencorp said statement earlier date rights trade separately common stock extended april six april three said extension subject extensions board conditioned person beneficial ownership pct gencorp prior april six general acquisition said confident offer completed timely manner using financial arrangements partnership statement urged management work facilitate transaction reuter
oak industries inc oak th qtr loss oper shr loss five cts vs loss cts oper net loss vs loss sales mln vs mln avg shr mln vs mln year oper shr loss cts vs loss dlrs oper net loss mln vs mln sales mln vs mln avg shrs mln vs mln backlog mln vs mln notes operating losses exclude profits discontinued dlrs one cent share vs dlrs eight cts share quarter mln dlrs dlrs share vs mln dlrs cts share year year operating loss also excludes extraordinary gain mln dlrs cts share backlog includes orders shipped within mths mln dlrs january orders shipped beyond mths mln dlrs vs mln dlrs december reuter
considering taking stake hapag lloyd west german retail group ag f considering taking stake shipping transport group hapag lloyd ag f yet reach final decision spokesman said response queries press reports said wanted stake pct hapag lloyd spokesman noted decision purchasing shares shipping group would approved supervisory board due hold meeting tomorrow late last year group belgium west germany veba ag f said acquired pct stake hapag lloyd deutsche bank ag dbkg f dresdner bank ag f industry sources estimate deutsche dresdner hapag lloyd majority shareholders held pct hapag lloyd share capital selling portions veba two banks said eventually wanted reduce stake shipping group pct reuter
quick reilly group th qtr feb shr cts vs cts net mln vs mln revs mln vs mln year shr dlrs vs dlr net mln vs mln revs mln vs mln reuter
ccc export bonus dairy cattle canary islands commodity credit corporation ccc accepted bonus offer exporter sale head dairy cattle canary islands u agriculture department said department said bonus awarded dlrs per head made k international inc paid form commodities inventory ccc stocks cattle delivery march june said additional head dairy cattle still available canary islands export program initiative announced july said reuter
international th qtr shr loss cts vs loss cts net loss vs loss revs mln vs mln year shr loss cts vs loss dlrs net loss mln vs mln revs mln vs mln note net loss includes non recurring charges dlrs dlrs full name international inc reuter
illinois regional mulls affiliation illinois regional bancorp said evaluating whether affiliate larger bank holding company continue remain independent mln dlr asset bank holding company said view recent investor interest suburban chicago banks retained merrill lynch capital markets advise alternatives last year illinois regional discussions milwaukee based marine corp agreement reached company spokesman said reuter
vulcan withdraws jones vining bid vulcan corp said discontinuing efforts negotiate purchase common stock jones vining inc february vulcan cincinnati maker shoe products offered five dlrs share jones vining common subject certain conditions vulcan said dropping proposal believes subsequent actions jones vining hostile vulcan interested friendly transaction jones vining makes shoe shoe components mln shares outstanding reuter
american corp nd qtr feb shr profit one cts vs loss three cts net profit vs loss revs mln vs mln six months shr profit six cts vs loss six cts net profit mln vs loss mln revs mln vs mln note six months includes gain four cts change accounting principle reuter
quantech needs additional funds quantech electronics corp said investigating available means raising additional funds needed finance continuing operations assurance succeed company said continues experience negative cash flow today reported loss third quarter ended december dlrs compared dlr loss year quantech said received waivers marine midland banks inc mm may covenants loan agreement company said marine midland agreed advance additional working capital loan personally guaranteed chairman henry loans marine midland secured substantially company assets quantech also said bernard president director replacement found act chief executive leonard n formerly chief executive act chief operating officer reuter
taft tfb rejects dlr shr offer taft co said board directors unanimously decided accept pending proposal theta corp investor group led dudley taft decision based among things advise financial advisors goldman sachs co offer dlrs per share inadequate taft said board concluded offer failed recognize fully future company directed management explore alternatives including possible financial restructuring reuter
electro sensors inc else year oper net oper shr cts vs cts oper net vs sales vs note earnings exclude extraordinary securities loss dlrs two cts share vs gain dlrs seven cts share reuter
plc l yr shr p vs p final div p making p vs p pre tax profit mln stg vs mln net profit mln vs mln turnover mln stg vs billion extraordinary debit mln vs nil operating profit mln stg vs mln exceptional debit rationalisation programme mln vs nil petroleum revenue taxes mln vs mln u k corporation tax overseas tax mln vs mln note net effect accounting changes reduce tax profits mln stg retained earnings prior years increased mln extraordinary debit mln stg related decision seek buyer company u assets reuter
venezuela ecuador oil loan discussion venezuela still work final details plan supply ecuador barrels per day crude oil compensate country lost exports caused earthquake damage senior petroleos de venezuela pdvsa official said yet finalize details compensation carried opec production quotas affected said signing joint venture deal union pacific corp today said agreement visit last week ecuador deputy energy minister fernando santos alvite pointed contractual points considered venezuela possibly unique among oil exporters requires clients sign final clauses ensure oil spot market ecuador oil minister javier espinosa quoted today saying venezuela export oil ecuador account revenues quito ecuador would pay back oil rate bpd said venezuela oil would traded ecuadorean state oil company cepe pdvsa official said company never allows third parties trade oil reuter
canadian money supply rises week canadian narrowly defined money supply rose mln dlrs billion dlrs week ended march bank canada said plus daily interest chequable non personal deposits rose mln dlrs billion dlrs plus notice personal fixed term deposit rose billion dlrs billion dlrs non personal fixed term deposits foreign currency deposits residents booked chartered banks canada rose billion dlrs billion dlrs chartered bank general loans outstanding rose mln dlrs billion dlrs canadian liquid plus short term assets fell mln dlrs billion dlrs total canadian dollar major assets chartered banks rose mln dlrs billion dlrs chartered bank net foreign currency assets rose mln dlrs minus mln dlrs notes circulation totalled billion dlrs mln dlrs week government cash balances rose billion dlrs billion dlrs week ended march government securities outstanding fell three mln dlrs billion dlrs week ended march treasury bills rose mln dlrs billion dlrs canada savings bonds fell mln dlrs billion dlrs reuter
inc year net shr loss nil vs profit cts net loss vs profit revs mln vs mln year shr profit cts vs profit cts net profit vs profit revs mln vs mln note current year net includes charge discontinued operations dlrs reuter
industries inc nd qtr jan net oper shr cts vs cts oper net vs revs mln vs mln six mths oper shr cts vs cts oper net vs revs mln vs mln note discontinued operations oper net six mths sale electronics division oper shr qtr six mths adjusted stock split dividend distribution november reuter
claremont boost champion products stake claremont group ltd new york investment banking firm said intends boost current pct stake champion products inc much pct total outstanding common stock claremont added asked champion put two representatives nine member board directors claremont previously disclosed december agreed act concert walsh greenwood co affiliated investment firm acquire champion products claremont said made net purchases champion products shares jan march march letter champion chairman john claremont walsh representatives stephen walsh john said pleased company performance wanted take active management role believe champion products begun market leader eventually become said significant shareholders mutual interests company would like actively participate process claremont intentions letter made public filing federal securities exchange commission reuter
ferruzzi negotiating european acquisition italy ferruzzi advanced stages negotiations could result acquisition worth hundreds billions lire european agro industrial sector company spokesman told reuters spokesman declined identify party parties involved talks whether complete takeover discussion said italian newspaper report ferruzzi studying possibility offer european cereal processing plants owned u group cpc international inc cpc n incorrect spokesman said possibility ferruzzi company attention moment another direction spokesman responding report italian economic daily sole ore ferruzzi considering possible bid cpc plants told reuters company hoped conclude talks currently underway couple months spokesman said since u k government last month blocked ferruzzi bid acquire british sugar plc company looking investment opportunities reuter
sydney development corp nine mths loss period ended december oper shr loss dlrs vs loss cts oper loss vs loss revs vs note current shr net exclude extraordinary gain dlrs five cts shr versus extraordinary gain dlrs four cts shr reuter
pittsburgh west virginia railroad net th qtr shr cts vs cts net vs revs vs year shr cts vs cts net vs revs vs reuter
financial security sell branch financial security savings loan association said agreed sell fla branch fortune financial group inc fla substantial profit subject regulatory approval terms disclosed reuter
general mills inc rd qtr shr cts vs cts
india buys white sugar london traders india yesterday bought two cargoes white sugar london traders april may shipment granted trade houses option sell additional two cargoes price may june shipment firms involved said e f man woodhouse said sold single cargoes dlrs tonne cif april may granted options sell extra cargo price may june indian buying tender three four cargoes whites held yesterday tender called single cargo prompt two three cargoes april may reuter
cb completes acquisition cb bancshares inc said completed acquisition first community bancshares inc ga assets mln dlrs reuter
first boston affiliate acquire allegheny int l dlrs shr
magma lowers copper price ct cts magma copper co subsidiary newmont mining corp said lowering copper cathode price cent cents lb effective immediately reuter
american international sells african unit american international group inc said sold south african subsidiary american international insurance co ltd johannesburg insurance holdings ltd holding company owned consortium shareholders led rand merchant bank terms disclosed company officials unavailable comment conclusion sale american international entirely divested holdings south africa reuter
kloeckner sees growth engineering kloeckner ag f turnover year around billion marks though growth likely engineering coming years management board chairman herbert said told news conference trade fair mid turnover reach six seven billion marks mainly acquisitions totalling several hundred million marks kloeckner reported march higher profits engineering sector enabled raise profits nearly third year mln marks mln reuter
overland express inc year loss shr loss dlrs vs loss dlrs net loss mln vs loss mln revs mln vs mln note includes loss mln dlrs restructuring note loss includes mln dlrs restructuring costs associated disposal property loss also includes sale loss company aircraft reuter
bundesbank hold press conference tomorrow bundesbank hold press conference regular fortnightly council meeting tomorrow spokesman said answer enquiries bundesbank vice president helmut schlesinger meeting president karl otto poehl private next meeting scheduled april reuter
u money supply rises billion dlrs u money supply rose billion dlrs seasonally adjusted billion dlrs february week federal reserve said previous week level revised billion dlrs billion dlrs four week moving average rose billion dlrs billion economists polled reuters forecast range mln dlrs billion dlrs average forecast called billion dlr rise reuter
new york bank discount window borrowings mln dlrs feb week
southmark sm completes acquisition southmark corp said completed purchase georgia international life insurance co capital holding corp cash southmark securities worth mln dlrs reuter
diamond shamrock dia raises crude oil postings diamond shamrock said raised posted prices grades crude oil one dlr barrel effective yesterday one dlr increase brings west texas intermediate wti u benchmark crude dlrs bbl company said diamond shamrock joined sun co coastal citgo murphy oil raising crude oil posted prices one dlr barrel yesterday reuter
news corp starts harper row hpr bid news corp ltd australia said started previously announced tender offer shares harper row publishers inc dlrs per share newspaper advertisement company said offer conditioned received least pct harper row shares offering withdrawal rights expire april unless extended merger tender price follow offer approved harper row board harper row granted new corp option buy new shares pct interest dlrs news corp said merger agreement terminated certain circumstances news would entitled mln dlr cash payment last month theodore cross offered acquire harper row dlrs per share soon harcourt brace jovanovich inc offered dlrs per share late month harper row said board received expressions interest number domestic foreign companies reuter
general host sees year loss general host corp said report loss continuing operations sharp decline net income year ended january due substantial operating losses frank nursery unit year ended january general reported net income mln dlrs company said discovered problems unit computerized accounts payable system said results nursery craft unit time inc affected said accountants investigating problem delay release full year results reuter
acquires hexcel unit corp said acquired hexcel medical corp wholly owned subsidiary hexcel corp terms transaction disclosed sale completes hexcel plan sell medical products businesses hexcel said reuter
manufacturing co year loss oper shr loss dlrs vs loss dlrs oper loss mln vs loss mln note loss excludes gain sale gold corp mln dlrs company operating chapter reuter
one valley bancorp raises quarterly qtly div cts vs cts prior pay april record march note one valley bancorp west virginia inc reuter
u k money market given mln stg help bank england said gave money market mln stg assistance afternoon session takes bank total assistance far today mln stg compares forecast shortage earlier revised mln stg mln central bank purchased bills band one pct comprising mln stg bank bills four mln stg local authority bills one mln stg treasury bills also bought mln stg bank bills mln stg treasury bills band two pct reuter
stanley works sets quarterly qtly div cts vs cts prior pay march record march reuter
goldfields extends copper mine life goldfields consolidated ltd rgc mt copper mine stay open extra five years following new aid package state government rgc said statement mine scheduled close series mined stay open deeper series played probably australian dollar fall since also improved local dollar copper price making company profitable mining deeper reserves copper grade pct pct firm said ore output cut higher grades keep contained copper output current levels tonnes year said capital expenditure mln dlrs required life new plan rgc said latest aid package third since rgc major employer west coast mine kept open gave rgc mln dlrs aid new package includes eight mln dlr advance rgc long term bond rate power concessions deferred royalties payroll taxes reuter
baker bko sues force hughes ht merger baker international corp said filed suit state court houston hughes tool co complete proposed merger baker late yesterday hughes said terminated merger agreement baker would agree alternative divestiture plan devised hughes hughes board previously found unacceptable u justice department consent decree would required broader divestitures baker said obtained satisfactory explanation hughes objections provisions justice department consent decree hughes yesterday adjourned special meeting shareholders vote merger without permitting votes deal baker said believes vote favor merger baker said new terms hughes proposed merger alternative consent decree consent decree baker said divestitures consent decree would reduce revenues combined company mln dlrs three pct baker said continue pursue divestitures units named consent decree said suit names defendants hughes certain directors seeks either injunction forcing hughes live merger agreement substantial monetary damages name baker said believes merger best interests shareholders companies reuter
hanson trust han completes kaiser purchase hanson trust plc said kaiser cement shareholders today approved previously announced merger agreement making kaiser cement indirect wholly owned unit hanson trust hanson said promptly following filing certificate merger kaiser cement common shares new york stock exchange hanson also said accordance merger agreement cement also redeemed outstanding shares dlr convertible stocks outstanding pct convertible debentures due acquisitions total purchase price including cost financing mentioned mln dlrs hanson said reuter
general cinema corp st qtr oper shr cts vs cts
icco council agrees cocoa buffer stock rules international cocoa organization icco council reached agreement rules buffer stock device uses keep cocoa market stabilise prices icco delegates said date new rules take effect decided delegates said expected come force early next week buffer stock manager begin buying selling cocoa since prices may buy level special drawing rights tonne set cocoa pact manager likely buy cocoa support market said delegates traders said expected manager intervene market within three weeks pact coming force rules permit buy sell cocoa origins second hand market offer system means posted price previous cocoa accord cocoa priced according fixed set differentials ranging stg expensive ghana cocoa zero malaysian cocoa purchases non members malaysia limited pct total stock one day limited pct nearby intermediate forward positions council meeting expected conclude two weeks sessions involving various working groups council continuing delegates said current cocoa agreement came force january previous meeting council unable agree rules implement buffer stock operations reuter
china calls better trade deal u china called united states remove curbs exports give favourable trading status ease restrictions exports high technology u embassy replied chinese figures showing years trade deficits u last inaccurate said peking would persuade congress change laws limit exports official international business newspaper today published china demands editorial coincide visit u secretary state george shultz extremely important u market reduce restrictions chinese imports provide needed facilities businessmen sides help expand chinese exports editorial said u quickly favourable tariff treatment chinese goods admit china system preference gsp despite easing curbs u technology exports recent years control still extremely strict influences normal trade two countries added paper also printed article china commercial washington embassy said kinds difficulties restrictions preventing bilateral trade full potential named u protectionist behaviour curbs technology transfer date trade legislation paper also printed table showing since bilateral trade began china deficit every year except shows deficits billion billion dlrs u embassy official said u accept peking trade figures mainly exclude goods shipped hong kong trans shipped u u figures based country origin said china wants obtain gsp status lobby congress amend several laws currently prevent peking getting status u trade act says qualify gsp china must member general agreement tariffs trade gatt applied july dominated controlled international official said china well aware laws date anti communist early sufficient political u change china subject dozen cases involving anti dumping u within last two years u side said first time china signed last week agreement initiated voluntarily restrain exports least two categories steel goods may lead u side withdraw anti dumping case added another diplomat said willingness provide voluntary export restraints would important issue bilateral trade issues peking application gatt china potential disrupt world markets especially textiles gatt countries nervous china respect planned economies gatt diplomat said poland czechoslovakia hungary romania members gatt none china massive market potential imports vast labour pool produce cheap exports speech today northeast city u secretary state george shultz said country welcomed china interest participating gatt process chinese accession overnight gatt rules designed large economy chinese type shultz said china play important role actively joining gatt discussions seeking expand general trading opportunities enhance market access exports worldwide china develop foreign trade system gain maximum benefit gatt participation said problems facing u china trade gatt membership similar pricing system many foreign businessmen regard related actual costs especially exports de currency system memorandum backing application presented gatt last month china said gradually reforming economic system replacing mandatory guidance planning economic diplomat said join gatt china much reuter
report due oil imports national security presidential commission studying oil imports including effect national security make report soon white house said spokesman marlin fitzwater said panel set last october examine u oil import needs would make report soon probably within next weeks said national security adviser frank wait report see special action needed taken national security area implement reuter
inc th qtr net shr profit cts vs loss seven cts net profit vs loss revs mln vs year shr profit five cts vs profit cts net profit vs profit revs mln vs mln avg shrs mln vs mln note year includes weeks reuter
twa twa declines comment usair u transworld airlines inc official said airline comment usair group inc planned buyout piedmont aviation inc twa however pursued application department transportation takeover usair according mark buckstein twa general counsel vice president twa filed revised application today following dot rejection friday application filed last week earlier usair said agreed buy piedmont dlrs cash per share
ico coffee producers discuss market situation international coffee organization ico producers meet gmt est general discussion market situation producer spokesman said brazilian delegate said several producers requested meeting brazil among ico executive board regular session week far confined routine matters attempt producers consumers revive export quota negotiations delegates said talks restore quotas collapsed early last month producers consumers failed resolve differences quotas allocated producer delegates said sense urgency among producers reopen quota talks consumers countries prepared wait ico annual september council session restart negotiations members inter african coffee organization called today producer meeting exchange views market situation producer delegates said lack new debate export quotas week cited reason renewed weakness coffee prices london new york futures traders said near may london hit five year low morning stg stg last night close said executive board session looks set end today following final session gmt est report operation ico presented producers consumers delegates added reuter
bank france leaves money market intervention rate unchanged pct official
thailand expects smaller sugarcane output thailand sugarcane output fall mln tonnes november october season mln agriculture ministry said said january survey put total area sugarcane hectares hectares previous year national average yield expected fall tonnes hectare tonnes said reuter
taiwan export orders fall february export orders taiwanese products fell pct billion u dlrs february billion january rose nearly pct billion year earlier economic ministry official said attributed fall rising taiwan dollar february orders electric electronic goods mln u dlrs mln january mln february orders mln dlrs mln mln footwear orders mln compared mln mln reuter
u consumer credit rose million dlrs jan vs million dec gain
investor lifts myers stake pct leonard chavin chicago real estate developer said considering seeking control l e myers co group said raised stake company shares pct pct filing securities exchange commission chavin said bought myers common shares march prices ranging six dlrs share last january chavin said retained investment banker r g co advise myers stock dealings also said would unable seek control myers unless gets financing reuter
bull bear group cuts fund payouts bull bear group said lowered monthly dividends three funds said lowered tax free income fund cts cts u government guaranteed securities fund cts cts high yield fund cts cts dividends payable march shareholders record march company said reuter
shamrock holdings unit software company shamrock holdings inc said subsidiary shamrock holdings california acquired controlling interest inc purchase shares preferred stock company said stock purchased undisclosed amount unnamed group investors shamrock said raymond former executive vice president privately held software company also granted options voting rights major portion shares common stock combination preferred common stock holdings permit shamrock exercise voting control approximately pct shares company shamrock also said elected president one directors reuter
hilton st qtr earnings pct hilton hotels corp said first quarter net income rose pct strength hotels gaming based preliminary results company said net income rose mln dlrs cts share mln dlrs cts share initial three months reuter
canbra foods ltd year net oper shr profit dlrs vs loss cts oper profit vs loss revs given note shr net exclude extraordinary gain dlrs cts share sale foods unit reuter
corp year net shr profit three cts vs loss cts net profit vs loss revs mln vs reuter
inc th qtr net shr cts vs cts net vs revs mln vs mln year shr dlrs vs cts net vs revs mln vs mln reuter
atico financial corp th qtr net shr cts vs dlrs net vs mln revs mln vs mln year shr cts vs dlrs net vs mln revs mln vs mln note th qtr yr amounts include acquisition pct common atico formerly peninsula federal savings loan association january th qtr yr net include net gain mln dlrs dlrs per share exchange common pan america banks inc common ncnb corp merger companies reuter
study says u canada pact would spur economies free trade pact united states canada could spur economies sides substantially according study released institute international economics study paul wonnacott said successful conclusion free trade talks way could raise canada gross national product five pct expand u export seven pct said pact could resolve issue government subsidies end curbs trade services investments pave way new global talks general agreement tariffs trade united states canada world two biggest trading partners cross border shipments billion dlrs year opened free trade talks last june aiming pact next october wonnacott economics professor maryland said agreement include elimination tariffs two countries five year period equal access federal government procurement two countries replacing current buy america buy canada provisions buy north america provision fewer restrictions trade services chiefly finance transportation commitment foreign investments favor domestic producers commission resolve bilateral trade disputes wonnacott said resolve subsidy problem two sides permit export subsidies exports pct without imposing duties limit subsidies pct proposed attempt impose new duties offset subsidies go first special disputes commission resolution early stage wonnacott said bilateral free trade would contribute efficiency north american economies competitiveness facing overseas producers said would would open u markets canadian goods enable benefit economies mass production benefits united states would fewer canada said already large u gross national product wonnacott said also u canada pact areas export subsidies creation dispute commission could set example current attempt gatt write new liberal global trading regulations reuter
treasury balances fed rose march treasury balances federal reserve rose march billion dlrs billion dlrs previous business day treasury said latest budget statement balances tax loan note accounts fell billion dlrs billion dlrs respective days treasury operating cash balance totaled billion dlrs march compared billion dlrs march reuter
projects full year results group inc today reported earnings dlrs revenues dlrs period august startup end said expects much improved profits full year revenues mln dlrs reuter
inflation still concern volcker says federal reserve board chairman paul volcker said fed financial markets remain concerned possibility renewed inflation possibility renewed inflation remains concern markets within federal reserve said remarks prepared delivery group business leaders said one potential channel renewed inflationary pressures would excessive fall dollar exchange markets would push import prices sharply said participants financial markets business remain skeptical prospects lasting price stability ability resist inflation bad policy consequences interest rates exchange rates economy generally would clearly recognition danger must weigh heavily formation monetary policy fed chairman said volcker said attempts drive dollar much lower would undermine hard gains inflation would risk flow foreign capital reuter
agency review johnson johnson johnson johnson said u food drug administration notified company food additive petition high formally accepted reviewed agency company said product generic name sucralose made sugar like sugar times yields promote johnson johnson said jointly developed tate lyle plc tate lyle seeking approval canada united kingdom european countries johnson johnson said company noted petition covering product safety evaluation submitted fda last month awaiting fda approval company said proceeding plans specialty products co subsidiary johnson johnson said operating licensing agreement tate lyle whose research scientists elizabeth london led discovery sucralose patents licensing agreements control use sucralose year johnson johnson said sucralose ordinary sugar carbon bonds sucralose stable broken sucralose essentially body content without providing reuter
talking point general motors gm general motors corp staged rally wall street share buyback program announced yesterday analysts said gm future remains clouded stiff competition erosion market share gm shares rose active trading analysts agreed investors repurchase program differed sharply long term prospects positive gm said jack kirnan kidder peabody co clearly committed enhancing shareholder value however analysts worry gm pay buyback whether new models enable lost market share market closed yesterday gm said would buy back pct common stock end announcement sent investors today gm shares mln shares changing hands mid day buyback plan caused several analysts bullish stock buy recommendations morning least one increased earnings estimates gm based good performance expected new car models david drexel burnham lambert inc said repurchase program positive buyback really change earnings outlook puts stress balance sheet said since gm borrow money pay stock purchases stock settle back around added projects gm earn five dlrs share dlrs compared earnings dlrs numbers near low end wall street estimates range five dlrs dlrs four dlrs dlrs like analysts sees gm share domestic car truck market falling balance gm cars selling well competitors said late february gm car sales fell pct year ago period competitors ford motor co f chrysler corp c posted increases gm said february sales showed improvement january adding expects improvement coming months overall gm share u car truck sales fall around pct pct end analysts said numbers include imports kidder peabody kirnan said cost reductions product improvements year lead positive cash flow fourth quarter help gm finance buyback gm stock real rolling getting serious think major earnings surprise winds said kirnan raised earnings estimates slightly today part reaction announced buyback sees gm earning dlrs year dlrs company concerned ever improving relative valuation respect ford chrysler said another positive stock gm dividend currently five dlrs share annually gives higher yield competitors kirnan said gm raise cash dividend cts share next year predicted analyst michael lucky shearson lehman brothers inc said u car sales weaken gm new products successful slow halt erosion market share believe new cars successful curtail losses market share fall around pct lucky said philip goldman sachs co falls middle recommending gm stock said results improve looking improvement year transition year gm said estimates earnings dlrs dlrs said cost cutting new car models affect results key thing much earn year momentum beyond year important reuter
coopervision inc eye st qtr jan net shr dlrs vs cts net mln vs sales mln vs mln avg shrs mln vs mln note current year net includes pretax gain mln dlrs sale business loss mln dlrs repurchase debt prior year net includes dlr loss discontinued operations reuter
morse shoe inc th qtr net shr cts vs cts net vs revs mln vs mln mths shr dlrs vs dlrs net vs revs mln vs reuter
h robins files monthly report h robins co said filed consolidated net earnings report february amounted dlrs compared comparable month year prior consolidated net earnings two months ended feb amounted mln dlrs compared mln dlrs comparable period year earlier said h chapter said filed report u trustee case reuter
bp u k refinery due partly open next week british petroleum co plc bp l oil refinery grangemouth closed explosion fire eight days ago expected partially reopen next week refinery spokesman said said entire bpd refinery shut since accident killed one person damaged site hydrocracker main units resume operation next week hydrocracker closed unspecified period spokesman said refinery operating half capacity since end january due overhaul work part complex overhaul expected end late april reuter
americus trust initial qtrly div americus trust bristol myers shares announced initial dividend cts payable may shareholders record april reuter
increases qtrly div cts cts end body
french unemployment rises seasonally adjusted mln february official
industries inc th qtr net ended jan three shr profit five cts vs na net profit vs loss revs vs year shr profit cts vs loss cts net profit vs loss revs mln vs mln note loss per share given quarter reuter
texas instruments inc sets quarterly qtly div cts vs cts prior pay april record march reuter
bryson pays mln dlrs cenergy corp stake bryson oil gas plc said paid cash consideration around mln dlrs pct cenergy corp u oil gas exploration production company bryson said board considering number possible investments expand company interests believes opportunity acquire investment cenergy provides suitable extension existing u interests cenergy reported net loss mln dlrs nine months september total stockholders equity date mln dlrs reuter
centers th qtr ends jan net shr cts vs cts net vs revs mln vs mln mths shr cts vs cts net vs revs mln vs mln reuter
uncertainty ec sugar tender result trade considerable uncertainty outcome today ec white sugar tender traders said noting remains european operator threats move tonnes sugar intervention said due dispute commission producers issue clear whether commission exports grant licences large tonnage subsidy seen set ecus per kilos although traders reluctant predict precise level prices fell yesterday earlier traders paris said expected commission award licences around tonnes white sugar maximum export rebate ecus last week commission granted licences end august tonnes whites maximum rebate reuter
golden rule agree merge golden rule resources ltd resources ltd said agreed merge merged company issue golden rule shareholder shares one warrant warrant term two years payment dlrs delivery two warrants entitle shareholder one additional share merged company companies said shareholder receive one share one half warrant warrant term two years payment dlrs delivery two warrants entitle shareholder one additional share merged company reuter
prime medical says merger talks end prime medical services inc said merger talks national hmo corp terminated prime gave reason termination talks national hmo reuter
chase amp bank cuts australian prime pct chase amp bank ltd said lower prime lending rate pct effective tomorrow bank first lower prime rate pct set banks last days continuation downward trend began late last month prime rates range pct majority bank said reduction reflected recent downturn money market rates improved economic outlook adequate liquidity second quarter tax period reuter
esso pa year ended dec net profit mln francs vs mln net dividend francs vs francs operating loss mln francs vs billion note company french subsidiary exxon corp xon n said net profit result included billion francs provisions exchange fluctuations reuter
brazilian coffee rainfall following rainfall recorded areas past hours parana state nil nil nil nil sao paulo state nil nil nil nil sao carlos nil sao nil minas state mm reuter
ccc accepts bid dairy cattle kuwait commodity credit corporation ccc accepted bid export bonus cover sale head dairy cattle kuwait u agriculture department said dairy cattle shipment may said bonus dlrs per head made american marketing services inc paid form commodities ccc inventory said additional head dairy cattle still available gulf countries kuwait bahrain oman qatar united arab emirates export enhancement program initiative announced october said reuter
co ltd year group shr yen vs net billion vs billion current billion vs billion operating billion vs billion sales billion vs billion note company forecast current year group shr yen net billion current billion sales billion reuter
cablevision buy valley cable mln dlr cablevision industries corp said cablevision industries california inc subsidiary entered agreement buy substantially assets valley cable tv mln dlrs company said buy system california limited partnership wholly owned toronto based hollinger inc said valley cable operates cable television systems passing homes west san fernando valley area los angeles cablevision said nation st largest cable company alan chairman president chief executive officer company said agreement subject regulatory approval reuter
enterprises inc reorganization enterprises inc said filed k report indicating development corp assumed control company reorganization plan signed last month company said gerald president named president director addition board resigned appointed new directors company said reuter
canada clark sees trade urgent problem trade urgent problem facing u canadian relations pressing need reach new bilateral pact within coming months joe clark canadian secretary state external affairs said negotiators two countries meeting year effort work agreement urgent problem trade question decided within next months clark told commonwealth club california fast track authority congress approval rejection whatever negotiators achieve clark said practical matter initial agreement must reached late september early october listed environmental questions particularly acid rain defense second third important bilateral issues facing ottawa washington wednesday president reagan announced seek billion dlrs congress address acid rain problem interpreted move goodwill gesture advance annual meeting april ottawa prime minister brian mulroney question answer session public affairs group clark said two countries must find better mechanisms resolving trade disputes actions acted corn acted soft wood said dispute resolution place working either interests said ottawa also seeking change washington rules government procurement canadian businesses said number canadian companies order secure substantial contracts united states move head offices country country national procurement requirements said turn added united states would like change procurement requirements exist provincial government level canada clark declined forecast outcome discussions come remains negotiators first instance propose governments judge said prepared remarks clark said united states tended take canada granted although exports northern twice exports japan yet bought almost per cent japan last year bought canada said reuter reuter
german bank sees good soviet trade prospects soviet west german trade expected develop due moscow increasing east west economic relations dresdner bank ag moscow representative michael said told bank presentation soviet union last year hit fall world oil prices cut export revenue oil related products natural gas overseas buying power also adversely affected lower dollar dresdner bank economist alfred said soviet union large currency gold reserves impact dollar weakening oil price drop reuter
wallace computer services inc nd qtr net shr cts vs cts net vs sales mln vs mln six mths shr dlrs vs dlrs net vs sales mln vs mln note periods end january respectively reuter
corp rd qtr dec net shr profit nil vs loss nil net profit vs loss revs vs nine mths shr loss nil vs loss nil net loss vs loss revs vs reuter
volcker spending cuts trade bill federal reserve board chairman paul volcker said reducing federal budget deficit important goal congress drafting trade legislation reduce budget deficit volcker responded asked member senate banking committee trade legislation priorities deal budget deficit everything else going said reuter
inc regular dividend qtly div eight cts vs eight cts prior qtr payable april record april company said board intends declare cash dividends quarterly plans pay five pct stock dividend annually following close fiscal year initial five pct stock dividend paid december holders record november reuter
oecd january annual inflation steady pct inflation industrialised nations organisation economic cooperation development pct year january unchanged december oecd said monthly inflation throughout oecd average pct january rise compared pct last quarter retail energy prices rose strongly january reflecting firming world oil prices oecd states increase pct january level retail energy prices still pct lower year earlier oecd said increase consumer prices excluding food energy pct january whole oecd area unchanged four previous months year january oecd consumer prices rose pct pct december unadjusted annual inflation seven leading industrialised nations january running pct italy pct britain canada three pct france pct u minus pct west germany minus pct japan oecd said reuter
neoax buys rexnord rex unit neoax inc said bought rexnord inc manufacturing co mln dlrs cash unit makes custom industrial use sales mln dlrs oct fiscal year reuter
fed sets two day system repurchases fed says
sweden go ahead african trade sanctions sweden ruling social democratic party gave full power government decree unilateral trade sanctions south africa prime minister said told news conference party decided fight apartheid took priority sweden traditional policy sanctions backing u n security council government decide later form trade boycott take come force reuter
cardenas sees major decisions ico meeting jorge cardenas manager colombia coffee growers federation said believe important decisions would emerge upcoming meeting international coffee organization ico ico executive board set meet london march could decide call special council session end april discuss export quotas going routine meeting happening market unlikely major decisions taken cardenas told journalists earlier month talks london introduce export quotas suspended february ended failure colombian finance minister cesar gaviria also talking reporters end weekly national coffee committee meeting said positions brazil united states far apart allow prompt agreement quotas brazil coffee chief jorio dauster said yesterday brazil would change coffee policies cardenas said market situation getting clearer trade knew projected output stockpile levels producers said according ico statistics shortfall nine mln kg bags world market october start coffee year february reuter
yugoslav trade falls sharply statistics show yugoslav trade declining rapidly year hard currency terms according latest federal statistics office fso figures fso figures showed total exports january march valued billion dinars compared billion dinars period last year figures pct last year dollar terms due exchange rate fluctuations changes figures calculated fso sources said year current exchange rates used first time instead fixed rate dinars dollar march yugoslav trade declining rapidly year hard currency terms according latest federal statistics office fso figures fso figures showed total exports january march valued billion dinars compared billion dinars period last year figures pct last year dollar terms due exchange rate fluctuations changes figures calculated fso sources said year current exchange rates used first time instead fixed rate dinars dollar
minorco half year dec shr cts vs cts net mln vs mln note net includes one mln dlr extraordinary gain net four mln dlrs extraordinary loss reuter
novamin says received proposed takeover bid breakwater
walbro sees strong st qtr results walbro corp said expects first quarter results reach time highs projected sales exceeding mln dlrs pct dlrs reported first quarter said previous high single quarter dlrs fourth quarter walbro estimated income quarter exceed first quarter income dlrs cts share least pct said first quarter previous income record single quarter walbro cited strong demand fuel systems products especially automotive electronic fuel injection components lawn garden applications however said unlikely company sustain record pace sales income throughout due expected reduction body sales appears likely company body business general motors corp gm peak first six months continue reduced levels july suffer period july july walbro added reuter
corp th qtr loss shr loss cts vs loss cts net loss vs loss revs vs year shr loss dlr vs loss cts net loss vs loss revs mln vs mln note th qtr net includes charges dlrs cts share cts share respectively reuter
p gap sets higher capital spending great atlantic pacific tea co said three year mln dlr capital program substantially increased growth expansion plans inc inc next two years p said acquisition august december helped us achieve better expected results fourth quarter ended february net income continuing operations jumped pct mln dlrs cts share latest quarter sales increased pct billion dlrs p gave details expanded capital program say completed first year program p pct owned west germany reuter
u officials disagree reducing budget deficit senior u economic officials disagree likelihood government meet budget deficit reduction targets sprinkel chairman council economic advisers reiterated reagan administration opposition tax increase pledge reduce deficit cutting spending economic growth contrast penner director congressional budget office said budget process broken deficit remain close billion dlrs fiscal sprinkel told sponsored new york university spending could cut avoiding decisions based desire influence votes shifting responsibility local projects state governments also suggested line item veto allows president veto parts bill without rejecting limit spending spending decisions linked closely sprinkel said administration still looks pct growth u real gross national product gnp pct asked latest economic reports signal rate economic growth sprinkel said looks pretty good two strong employment reports also said federal reserve policy appropriate adding looks like track reductions needed trade deficit sprinkel said lower dollar impact new tax laws hurt economy tax reform act significantly lowers tax rates greatly increase private production incentives said estimates council economic advisers suggest national net output goods services permanently increase approximately two pct long run consequences tax reform sprinkel said would amounted increase approximately dlrs income average american family sprinkel also argued tax cuts responsible large increase budget deficit fiscal ending september federal spending amounted pct gnp federal receipts absorbed pct gnp leaving deficit pct said sprinkel said compared fiscal federal expenditure share gnp percentage points higher revenue share gnp virtually contrary conventional therefore tax cut cause extraordinary budget deficits past years sprinkel said tax cut merely rolled back inflation tax increases occurred added however congressional budget office penner argued tax cut since making big mistake cutting taxes without plan decrease spending administration congress indeed increases defence spending options reducing budget deficit said penner said tax cut resulted turmoil u caused biggest sustained inflation nation history helped foster widespread government american people turned government tax state level new demands government national level penner said taxes exceeded general spending programs correction mistake demands system change lot penner sees little hope gramm budget deficit reduction targets met said deficit remain roughly billion dlrs year said budget process sets targets likely succeed feel pretty safe saying process dictate outcome fail simply way enforce penner said penner questioned methods budget deficit cut said billion dlrs eliminated one time measures temporary increase taxes related tax reform sales government assets another four billion dlrs cut call timing changes like moving military last day fiscal first day fiscal saved two billion dlrs penner said reuter
talking point wendy international wen takeover speculation wendy international inc stock even coca cola co took market rumors denying interested suitor wendy retreated earlier high lost point coca cola ko said rumors however wendy remained volume three mln shares several analysts skeptical rumors yet said could conclude takeover fast food restaurant chain impossible wendy declined comment takeover rumors kinds yet wendy spokesman said company aware business week article named coke potential suitor market sources said helped rumor mill market sources mentioned anheuser busch inc bud pepsico inc pep alternatives coke acquirers neither companies would comment would wendy official happen every day every week every month unusual us linked companies said lynch wendy vice president communications however lynch would comment specifically current market rumors even coke denied rumors analysts skeptical takeover since atlanta based coke stated views fast food customers want become competitor put another name said kidder peabody analyst freedman rumors continued hold wendy stock well could someone interested freedman said believe right time wendy sold obviously operational difficulties always believed right price wendy would consider offer believe right price right time freedman said transaction takes place buyer going control situation freedman said think anything going think worth much said joseph smith barney analysts said wendy suffered largely burger mcdonald corp pillsbury co psy burger king chain wendy third largest fast food chain u lost pct store sales last year analysts said wendy also introduced high priced since withdrawn analysts said analysts said company bringing new products soon predict significant turnaround analysts however believe wendy may vulnerable takeover james c j lawrence said wendy could worth dlrs break basis said company improved debt equity ratio wendy owns high percent restaurants pct also attractive restaurants said said despite downturn sales last year wendy real sales store store turned upwards fourth quarter first time seven quarters said levy e f hutton also believes something could going wendy feeling something going happen know said estimated takeover price would least dlrs per share one analyst speculated coke became rumored suitor wendy decided sell coke instead pepsi wendy currently litigation brought pepsi holds contract company analysts said pepsi still sold wendy restaurants reuter
tmoc tells shareholders accept santos bid tmoc resources ltd told shareholders accept santos ltd stos dlr share takeover bid pending advice hill samuel corporate services corporate advisor said statement santos bid underlying value shares assessed hill samuel dlrs tmoc formerly oil co ltd said valuation made response earlier still current bid dlrs share elders resources ltd elders resources holds pct tmoc mln shares tmoc said know elders resources response bid major shareholder australian gas light co latter pct stake tmoc avalon corp u pct stake tmoc option agreement santos pct owned elders resources yesterday said bid valued tmoc mln dlrs tmoc said today premium share price bid tmoc traded dlrs share last two weeks tmoc said statement bid unsolicited santos pct stake despite paying four dlrs share market tmoc oil gas interests pipelines complement operations santos major cooper basin oil gas producer tmoc shares today closed five cents dlrs turnover shares santos due release profit result today rose eight cents dlrs volume shares reuter
intelligent systems rd qtr dec net shr profit cts vs profit five cts net profit vs profit rev mln vs mln avg shares vs nine months shr profit cts vs loss cts net profit vs loss rev mln vs mln note third qtr net includes gain discontinued operations mln dlrs cts share vs two cts share fiscal third qtr nine months net includes gain discontinued operations mln dlrs cts share vs dlrs seven cts share first nine months fiscal
hudson bay co year oper shr profit cts vs loss dlrs
rowntree reports pretax profit mln stg rowntree plc l announced made pretax profit mln stg weeks ending january compared mln stg previous year turnover billion stg billion final dividend p proposed final p last year earnings per share rose p p results broadly line market expectations leaving shares p early trading one pence yesterday close slightly pre announcement opening levels profit ordinary activities tax mln stg previous year mln u k remained rowntree largest centre trading profits accounting mln stg mln profit second largest area north america slipped mln stg mln north american profits affected fall value dollar operations continental europe made mln stg trading profit mln mln stg made australasia mln mln stg rest world mln previous year extraordinary items amounted mln debit mln debit previously company spokesman said represented additional provisions cost rationalisation plans announced earlier years rowntree expects north american operations year ahead company expectations order u k rest europe combined statement said spokesman said specific figures forecast acquisitions continue sought worldwide including moves speciality retailing business rowntree first entered statement said rising profit europe year forecast chairman kenneth dixon statement added performance seven businesses bought last year encouraging u k confectionery side gained market share increased trading margins sun pat british grocery concern increased profit rowntree small health food business raised earnings statement said offsetting factors included currency movements cost company nearly mln stg sales tax hurt canadian profits confectionery operations company faced strong competition u k mid east export markets reuter
gatt success take pressure n z minister long term pressure trade ministers necessary current uruguay round talks general agreement trade tariffs gatt succeed new zealand overseas trade minister mike moore said moore told opening meeting trade ministers nations gathered informal talks gatt ministers need opportunities keep touch consider political problems exercise like one faced resolved moore said meeting one series international includes oecd ministerial meeting may g meeting venice june enabling ministers maintain contact world trade conditions getting better worse said said new zealand moving rapidly initiative direction liberalisation warn shall looking partners reuter
investment firm boosts stake corp los angeles investment firm said raised stake international corp shares pct total outstanding shares pct filing securities exchange commission said bought common shares march jan prices ranging dlrs share said bought shares investment purposes might increase stake future reuter
ldbrinkman corp nd qtr jan loss shr loss seven cts vs profit cts net loss vs profit revs mln vs mln six mths shr profit cts vs profit cts net profit vs profit revs mln vs mln reuter
economic spotlight bolivia bolivia latin america debtor preparing second international monetary fund agreement economic stabilisation program effectively slowed inflation reduced public spending fund spokesman said imf team would visit la paz shortly discuss terms new agreement said imf disbursed mln dlrs mln dlrs pending one year agreement ends month accord provided stand loan compensatory financing facility structural adjustment facility spokesman said agreement renewed bolivia expect mln dlr stand loan next months bolivia agreement imf first since opened door rescheduling negotiations paris club argentina brazil hold billion dlrs bolivia billion dlr foreign debt central bank president javier nogales told reuters negotiations paris club yet finalised extremely successful nogales said paris club agreed reschedule bolivia debt years five six years grace waived interest payments end bilateral discussions interest rates continue said nogales said bolivia expecting mln dlrs year lender countries international agencies including world bank inter american development bank although diplomatic banking sources put figure closer mln dlrs nogales said bolivia net international reserves around mln dlrs one mln dlrs president paz estenssoro took office august nogales said capital flow bolivia debt servicing versus new credits changed net outflow mln dlrs net inflow mln dlrs bolivia return financial follows paz estenssoro economic stabilisation program inflation pct year state enterprises losing hundreds mlns dlrs currency traded black market times official rate paz estenssoro public sector wages set market related rate peso introduced tax reforms laid thousands workers state corporations inflation running pct year past six months according central bank government expects economy grow three pct year pct contraction last six years government also proposing solution debt commercial banks mln dlrs interest paid since march nogales said next months bolivia would make one time offer buy back commercial debt price trades international secondary market cents dlr said bolivia commercial bank committee agreed meeting new york consider proposal still unclear proportion country creditor banks take offer one foreign banker speculated bolivia might able buy back pct commercial debt paper deal mostly small banks written loans country said larger creditors interested scheme debt equity swaps similar operated chile past two years bolivian government yet draw proposals debt equity swaps banker said planning privatise state companies could serve basis scheme foreign bankers said type proposal might prove attractive bolivia long run especially government attract large amount new capital order grow planning minister sanchez de told reuters bolivia hoping five six billion dlrs new investment next years government order remain viable bolivia need develop new exports price tin accounted pct bolivia exports collapsed world markets gas country major revenue supply region reuter
brown group inc th qtr jan net shr cts vs cts net vs sales mln vs mln avg shrs vs year shr dlrs vs dlrs net vs revs billion vs billion avg shrs vs note period ended february one company changed fiscal yearend january october results restated reflect change reuter
savings california announced federal home loan bank board fhlbb announced acquisiton south bay savings loan association calif standard pacific savings costa mesa calif fhlbb said south bay assets mln dlrs standard pacific mln dlrs assets fourth federally merger acquisition troubled savings institution year fhlbb said reuter
usair u acquires pct piedmont pie usair group inc said acquired piedmont aviation inc shares pct fully diluted basis norfolk southern corp nsc acquisition piedmont usair approved directors companies usair said advised norfolk southern company supports proposed merger intends tender remaining piedmont common shares response usair tender offer began today total includes shares upon conversion piedmont preferred usair noted usair said piedmont mln common shares fully diluted basis adding offer conditioned tender least shares representing pct oustanding shares diluted basis usair said new shares option buy represent pct piedmont currently outstanding shares reuter
orange co holder raises stake orange co inc said largest shareholder summit inc increased stake pct pct owns shares reuter
b c resources agreement credit facility british columbia resources investment corp earlier reporting higher full year operating losses said reached agreement principle five lenders providing mln dlr credit facility four year term company said credit facility certain circumstances annual principal payments five mln dlrs agreement subject certain lender approvals completion formal documentation earlier reported losses extraordinary items rose mln dlrs year ago mln dlrs b c resources also said dividends series preferred shares exchangeable preferred shares remain suspended however payment made account quarterly dividend exchangeable preferred shares company trustee deposit account b c resources said sufficient funds available pay full amount march dividend exchangeable preferred shareholders payment expected early april shareholders record march company said future dividends declared april exchangeable preferred quarterly payout future payment depend amount dividends received transmission co wtc b c resources said company said increased fourth quarter full year operating losses primarily resulted lower oil prices four month labor shutdown coal mine british columbia b c resources also recorded mln dlr extraordinary loss included losses disposition north sea oil gas interests pct owned mining ltd b c resources extraordinary charge also included writedown investment petroleum gains sales timber pulp mills sawmill partially offset extraordinary loss company said company said asset sales eliminated b c resources long term financing commitment north sea exposure fluctuating pulp market also said cut long term debt mln dlrs billion dlrs year end management changes staff cuts significantly reduced costs reuter
agency rent car sets stock dividend agency rent car inc said board declared five pct stock dividend payable may holders record may company also said plans increase size rental fleet year ending january pct expand rental office network reuter
japan says trying expand domestic demand japan assured meeting trade ministers making every effort expand domestic demand restructure economy japanese trade representative hata told informal general agreement tariffs trade gatt meeting addition demand boosting measures adopted last september comprehensive economic program prepared budget approved hata speaking first session two day meeting said agriculture exception goal restructuring economy elaborate hata said protectionist pressures international economy strong ever reflecting financial deficits payment imbalances serious unemployment many countries reuter
industries inc boosts dividend qtly div nine cts vs eight cts prior qtr pay april record april reuter
limited partnership sets lower payout limited partnership said make five ct per share distribution unitholders cts december payable march holders record march partnership said payout largest quarterly cash distribution allowable terms letter credit reuter
libra bank expects brazil reach debt accord london march london based libra bank plc said announcing annual results expected brazil reach agreement creditors debt repayments recent years brazil demonstrated ability generate surpluses sufficient service debt doubt due course reach agreement banks creditors libra managing director peter said statement earlier bank providing finance latin america caribbean announced pretax profits mln stg calendar mln libra net worth increased pct mln stg last year said improvement bank balance sheet due profits mostly retained bank issue mln stg cumulative redeemable preference shares year libra consortium bank national westminster bank plc nwbl l chase manhattan bank n cmb royal bank canada swiss bank corp z westdeutsche landesbank girozentrale f mitsubishi bank ltd snc banco sa spa banco e de shareholdings reuter
pct owens illinois oii holdings corp company formed roberts co said received purchased mln shares pct owens illinois inc common stock dlr cumulative convertible preference shares owens pct company said tender offer common preference shares expired last night said owens illinois merged subsidiary oii holdings march common shares bought offer converted right receive dlrs per share cash tender price preference stock called reuter
international increases qtrly divs annual div class cts vs cts prior annual div class b cts vs cts prior payable april one record march note full name international inc reuter
mony financial buys united mony financial services said purchased united inc effort secure larger market share group insurance line mony said acquisition coupled purchase kelly associates goal expanding group business improving product lines reuter
sierra spring water co th qtr loss shr loss cts vs profit six cts net loss vs profit rev mln vs mln year shr loss seven cts vs profit cts net loss vs profit rev mln vs mln reuter
royal trust aggressive global expansion royal trustco ltd move unique among canadian trust companies pursuing bold global expansion could lift foreign share yearly earnings pct president michael cornelissen said first marathon securities ltd financial services analyst michael walsh said royal trust international growth target tremendous going build international earnings base larger earnings lot significant domestic trust companies walsh said global operations made pct royal trust mln dlr net profit post pct profit growth year expected pct jump total company profit cornelissen told reuters interview said foreign share total profit would rise pct pct royal trust canada second largest trust company assets billion canadian dlrs operated internationally since opened london bank aggressive global strategy began canadian trusts equivalent u savings loans focusing domestic retail banking company overseas heightened domestic competition growth london bank operations full british banking powers cornelissen said last year royal trust moved continental europe asia mln canadian dlr acquisition dow chemical co dow dow financial services corp included asset management merchant private banking companies sent opportunity cornelissen said dow financial acquisition achieved one year would otherwise taken five years set cornelissen stressed royal trust would direct competition major global financial institutions activities international lending stock brokerage order exploit profitable overseas traditional trust activities asset management private banking advisory services said royal trust hoped complete negotiations end month sell london based brokerage acquired dow financial deal international market big share growth opportunities really limited energy desire find business said adding trust type services think international markets well served royal trust foreign growth greater foreign investment interest north america increased canadian investment abroad cornelissen said central royal trust strategy asia rapid economic growth huge japanese capital said cornelissen whose company assets billion dlrs canadian trust citing statistics indicating year asia contain two thirds world population pct global productive capacity cornelissen said knew royal trust international locations include offices tokyo hong kong singapore company also recently listed shares tokyo stock exchange royal trust president said company growth within overseas units adding foresee acquisitions immediate future although wide open right opportunities asked royal trust plans u company abandoned sale florida bank units cornelissen said company faced trust services market well covered hundreds small regional banks mean say u said cornelissen probably one area probably something next five years said company would continue emphasize home canadian market cornelissen financial services analysts agreed would remain vital royal trust proposed government regulations allow canadian banks trusts insurance securities dealers full participation one another mean domestic competition royal trust cornelissen said reuter
winthrop insured mortgage ii sets payout qtly div cts vs cts prior pay april record march note winthrop insured mortgage investors ii reuter
feb daily aluminium output tonnes tonnes ipai
increases qtrly cash dividend corp said raising quarterly dividend cts cts payable may shareholders record march company said third consecutive year raised quarterly cash dividend added two one stock split may reuter
avana defence document forecasts profits rise avana group plc defending bid ranks hovis plc l rhm forecast mln stg rise profits year said pretax profit rise mln stg year april mln previously reach mln expects share earnings rise p p p dividend p net pct increase bid rhm rejected food group worth mln stg rhm currently pct stake purchases acceptances reuter
co sets quarterly qtly div cts vs cts prior pay april record april reuter
kentucky central declare stock dividend kentucky central life insurance co said company said declare pct stock dividend monday accordingly said filed registration statement securities exchange commission proposed offering three mln shares class non voting common stock reflects anticipated dividend proceeds used general purposes reuter
green tree acceptance inc sets dividend qtly dividend cts vs cts pay march record march reuter
graphics sees higher th qtr graphics inc expects earnings fourth quarter ending april exceed dlrs seven cts share posted year ago chairman f jr told meeting financial analysts also said company annual revenues exceed mln dlrs mln dlrs previous fiscal year said company markets advanced computer aided engineering design manufacturing systems plans double dealers coming fiscal year reuter
clevite industries inc th qtr oper loss oper net loss vs profit sales mln vs mln year oper net profit vs profit sales mln vs mln note company made initial public offering june assuming offering occurred jan operating net income per share would cts share oper net excludes one time charge mln dlrs dlrs share qtr year due february sale company engine parts division oper net year also includes profit discontinued operations dlrs five cts share oper net excludes extraordinary loss mln dlrs cts share due june write debt issue costs public offering oper net excludes extraordinary profit mln dlrs reuter
u k money market offered early assistance bank england said invited early round bill offers discount houses forecasting large shortage around billion stg money market today
next world trade negotiations must succeed nz ministers nations told new zealand next international negotiations trade would last century cost failure could measured trade minister mike moore told colleagues welcoming ceremony two days talks great progress made preparing negotiations must live troubled dangerous times world trading system said seen failure world trading system caused great depression conflict past failure maintain momentum great cost us moore said cost failure beyond calculation last hope best opportunity century get another chance year added ministers new zealand review world trade since uruguay round talks last september talks also part preparations full scale june meeting general agreement tariffs trade gatt venice uruguay meeting considered countries particularly successful northern hemisphere countries managing service industries banking insurance included next full round goal including agricultural tropical products also met meeting north island resort described participants informal declaration expected moore said one aim sense political urgency avert potential economic another seek ways freer trade people felt could see benefits well preventing bush confrontation proceed orderly negotiations meeting attended overseas delegations including representatives gatt economic community delegates include u trade representative clayton yeutter american sources say ready state best way reverse protectionist sentiment united states implement four key uruguay proposals end agricultural subsidies inclusion trade services investments gatt regulations tightening restrictions called intellectual property trademarks patents copyrights new rules resolve trade disputes among gatt member states earlier new zealand sources said french foreign trade minister michel pulled informal gatt talks domestic political reasons cabinet chief bernard lead french delegation reuter
sells subsidiary pharmaceutical industries ltd based israel said sold wholly owned subsidiary foreign investors four mln dlrs said book value unit mln dlrs said continue market products wholly owned subsidiary salomon ltd reuter
chilean consumer prices rise pct february chile consumer price index rose pct february december equals increases pct january pct february government national statistics institute said inflation measured index rose pct months end february compared pct last month pct end february first two months year inflation pct pct period reuter
tri star buys cineplex theater tri star pictures inc said agreed acquire field century canada cineplex odeon corp rko century warner inc mln dlrs recently expanded theater located garden city n reuter
sees higher profits industries inc said would report substantial profits first quarter fiscal ending march company recorded net income dlrs cts per share revenues mln dlrs reuter
u k money market deficit forecast mln stg bank england said forecast shortage around mln stg money market today among main factors affecting liquidity bills repurchase market drain mln stg bills maturing official hands take treasury bills take around mln stg rise note circulation mln stg partly offsetting outflows exchequer transactions bankers balances target add mln stg mln stg system respectively reuter
venture merger agreement venture corp said signed letter intent merge marketing technologies group inc center n terms agreement publicly held corporation said issue two mln shares authorized unissued restricted common stock marketing technologies shareholders company said expects complete merger june marketing technologies developing computer based advertising system geared toward large company said reuter
ferry disaster claims could top mln stg u k insurers could face mln stg insurance claims following zeebrugge ferry disaster spokesman lloyds london said could take weeks extent compensation claims passengers crew cargo known also known much ship could said david lloyds machinery herald free enterprise valued mln stg insured townsend thoresen parent company peninsular oriental steam navigation co plc l vessel turn london market lloyds various companies said passengers crew cargo insured standard protection association one several shipowners mutual insurance funds worldwide also underwritten lloyds companies said claims passengers could expected total least five mln stg given number normal level liability set athens convention stg case death shipping sources said however claims could soar court found design involved said estimates compensation claims pure work time ship could claims would total least mln stg shares insurances london stock exchange fell across board generally weak market general accident fell p royal insurance dropped p prudential fell p p shares stood late p lower day reuter
ic sell certain assets mlx ic industries inc said abex corp subsidiary agreed sell friction materials business italy troy michigan based mlx corp undisclosed terms completion proposed transaction subject approval italian government said reuter
kaneb energy kep may omit future payouts kaneb energy partners ltd said may forced omit lower future quarterly cash distributions contract dispute two major customers continued slump oil gas prices partnership said however pay regular quarterly distribution cts unit april holders record march reuter
glynwed international plc l year shr net basis p vs p div p vs p making p vs p pretax profit mln stg vs mln net tax mln vs mln extraordinary items debit mln vs debit mln interest payable mln vs mln net borrowings mln vs mln turnover mln vs mln reuter
hoechst ag world group pretax profit billion marks vs billion
hoechst celanese sets expansion program hoechst ag f u unit hoechst celanese corp said begun projects cost mln dlrs unit formed last month hoechst completed acquisition celanese billion dlrs company said expand super unit acid facility also said plans production plant texas reuter
danish overnight money market rate cut pct central bank
gulf arab deputy oil ministers meet bahrain deputy oil ministers six gulf arab states meet bahrain today discuss coordination crude oil marketing official emirates news agency reported said officials would discussing implementation last sunday agreement gulf cooperation council gcc oil ministers help market crude oil four gcc states saudi arabia united arab emirates uae kuwait qatar members petroleum exporting countries opec face stiff buyer resistance official opec prices reuter
group buy intermedics shares investor group including securities corp associates told securities exchange commission asked federal antitrust regulators advance clearance hold mln dlrs intermedics inc common stock group said currently holds mln shares pct total outstanding following purchases shares march april group spokesman would disclose total purchase price current holdings group said accumulating intermedics stock investment purposes reuter
patient technology inc year loss shr loss cts vs loss cts net loss vs loss revs vs year oper shr loss cts vs loss dlrs oper net loss vs loss revs mln vs mln avg shrs vs note year net excludes losses discontinued operations dlrs vs dlrs reuter
corp year loss oper shr loss cts vs loss cts oper net loss vs loss total income vs nil note restated discontinued operations exclude discontinued operations loss dlrs vs gain dlrs reuter
camco inc sets quarterly qtly div cts vs cts prior pay april record march reuter
first city industries inc th qtr net shr profit cts vs loss cts oper net profit vs loss sales mln vs mln year oper shr loss dlrs vs loss dlrs oper net loss mln vs loss mln sales mln vs mln note net excludes gains discontinued operations mln dlrs vs dlrs quarter dlrs vs dlrs year reuter
u treasury policies said unchanged departure departure james baker aide deputy treasury secretary richard darman change course washington domestic international economic policies u officials said darman worked alongside baker six years widely credited helping initiatives currency management international economic cooperation u officials said darman also played key role president reagan sweeping tax reform plan u congress dismissed suggestions departure investment banking firm shearson lehman brothers baker team breaking treasury secretary might leave soon really mean took opportunity came one official said another commented baker miss going stand way widespread speculation since last autumn darman sought wall street job officials said darman felt passage tax reform late last year marked appropriate moment bow baker acknowledged darman would darman contributed success administration past six years departure represents substantial loss said u officials admitted darman absence would blow baker relied policy advice white house reagan second term treasury one aide described darman baker baker widely thought want stable currency system darman generally credited officials nations baker leading issue target zones limit currency fluctuations earlier year monetary sources said u treasury unsuccessfully sounded allies target zone system u official disputed assessment darman gone baker would abandon international initiatives baker work head reagan economic policy council trade policy negotiating democrat controlled congress go darman strength economist political baker strength official said already indications baker throughout time government relied closely circle advisers moved find successor one possibility baker might turn george gould holds number three treasury position secretary gould another close known baker years joining treasury november gould partner wall firm co formerly headed donaldson lufkin jenrette securities corp darman announcement came eve semi annual meetings international monetary fund world bank many policies darman helped helped baker september plaza agreement united states japan west germany france britain dollar strength pact major turning point u policy ending period economic cooperation intervention currency markets darman also worked baker initiatives like tokyo summit agreement coordination economic policies among leading industrial countries recent paris agreement stabilise currencies stimulate global growth policies collectively aimed huge gap japan west germany trade surpluses united state massive trade deficit policy goal still remains prime objective reagan administration change darman departure reuter
coleco industries sees profit coleco industries inc said expects return profitability earlier coleco reported net loss mln dlrs year ended december compared profit mln dlrs year earlier prepared statement company said dramatic swing operating results due primarily steep decline sales products mln dlrs mln dlrs coleco said changed single product company diversified organization four major acquisitions last year products new acquisitions new product introductions expected enable return profitability said annual toy fair earlier month vice president morton said analysts projected earnings cts share sales mln dlrs reasonable reuter
john labatt sees good fourth quarter year john labatt ltd anticipates good fourth quarter new peak sales earnings fiscal year ending april president peter told financial analysts would make specific forecast said optimistic growth fiscal company brewing food products operations labatt earnings rose mln dlrs nine months ended january year earlier mln dlrs revenue nine months rose billion dlrs billion dlrs said labatt three year business plan targets total sales six billion dlrs including billion dlrs u labatt canada leading brewer expanded u food products industry acquisitions said labatt strategy u expansion stemmed partly strong market position canadian food beverage industry u share revenues year pct rising pct fiscal said reuter
skanska take stake canadian firm swedish construction real estate company skanska ab st said sell pct holding canadian building firm canadian foundation company ltd rival continental ltd company spokeswoman told reuters skanska receive shares payment giving swedish group pct stock expanded firm said skanska also two board members canadian company reuter
correction heineken year item headlined heineken n v year please read first line pre tax profit mln guilders vs mln corrects year ago comparison mln mln reuter
satellite music network inc year net oper shr four cts vs three cts oper net vs revs mln vs avg shrs vs note net excludes tax credits dlrs vs dlrs reuter
co fox th qtr loss oper shr loss one ct vs loss dlrs oper net loss vs loss mln revs mln vs mln mths oper shr profit cts vs loss dlrs oper net profit vs loss mln revs mln vs mln note oper net excludes tax credits dlrs qtr dlrs mths includes restructuring charges mln dlrs qtr mln dlrs mths reuter
talking point purolator courier pcc emery air freight corp topped leveraged buyout offer purolator courier corp mln dlrs wall street reacting though another offer may surface purolator stock climbed today emery dlr per share offer emery topped dlr per share mln dlr offer e f hutton lbo inc analysts said latest mln dlr offer purolator exceeded expectations several analysts previously said saw takeover values package delivery company dlr per share range least one however estimated company could taken range dlrs per share analysts today would venture say whether another offer could made arbitragers still held belief bidding could go higher choice seek best possible offer emery shown go said one arbitrager speculated courier companies may also emerge bidders makes sense said james parker make well think get pct analysts said acquisition could cost emery earnings short term long term eliminating redundancies selling purolator assets boost emery profitability parker said combined purolator emery would rival united service second largest u package delivery company federal express corp pct market parker speculated combined emery purolator would pct six seven billion dlr delivery business make emery bigger factor light weight delivery business make power house said douglas arthur kidder peabody co purolator today declined comment emery offer chairman nicholas return phone call e f hutton lbo also declined comment emery offer said extended expiration withdrawal period offer april six midnight today midnight est one analyst speculated extension makes likely hutton attempt another offer however skeptical company outside package delivery industry would want dlrs per share would courier company since purolator agreed late february buyout management e f hutton group efh subsidiary speculation arisen bidding come buyout controversy since purolator board member gardner resigned march gardner said believed better offer could made another entity spokesman gardner today said former director contact emery buyers lined purolator purolator deal hutton also called question shareholder suit filed earlier week attempted stop tender offer allow another bidder come hearings new york state court delayed monday arbitragers said believed hutton offer could wall street firm planning keep cash tied purolator hutton providing mln dlr bridge loan would later replaced debt hutton would maintain majority interest purolator hutton sources said firm fact facing risk n investment since know could mln dlr loan emery last year lost mln dlrs revenues mln dlrs purolator lost mln dlrs mln dlrs revenues reuter
investment firms pct purolator pcc group affiliated new york base investment firms funds told securities exchange commission acquired shares purolator courier corp pct total outstanding group led mutual shares corp said bought stock investment purposes also said studying dlr share leveraged buyout offer made purolator managers e f hutton lbo inc decided whether tender stock offer group said held talks hutton lbo group may reuter
bayou international gets stake amalgamated bayou international ltd said acquired pct amalgamated equities ltd australia dlrs bayou pct owned australia wide industries ltd reuter
u asks japan end agriculture import controls u wants japan eliminate import controls agricultural products within three years visiting u secretary state economic affairs allen wallis told saito chairman federation economic organisations keidanren spokesman keidanren said spokesman quoted wallis saying drastic measures would needed protectionist legislation congress wallis attending sub cabinet level bilateral trade meeting made remark yesterday talks saito wallis quoted saying reagan administration wants japanese cooperation white house ensure u trade bill moderate one rather containing retaliatory measures particular country also quoted saying u would pleased japan restrictions agricultural imports within five years country cannot cope within three spokesman said japan currently imports agricultural products ban rice imports triggered recent u complaints japan agricultural policy reuter
opec reaffirms commitment fixed prices ceiling opec reaffirmed commitment fixed crude oil prices around dlrs barrel overall output ceiling mln barrels per day bpd defend prices president rilwanu lukman said told news conference due consultation colleagues opec wish emphasize nigeria member countries opec remain determined december agreement adhering strictly various quotas official selling prices lukman added extraordinary opec conference planned position confirm despite misleading news foreign media contrary opec member countries whole produced agreed quota month february lukman nigerian oil minister said lukman put overall opec output shortfall february bpd said result firm determination defend official selling prices dlrs agreed upon last december geneva december agreement set overall output ceiling opec mln bpd first half restored fixed prices february around reference point dlrs oil prices rallied immediately geneva accord fell last month reports opec producing agreed level idea suggest opec agreement would hold caused customers hold back purchases opec oil resort destocking meet needs lukman said said bpd shortfall last february based verified figure opec members adding nigeria alone shortfall production bpd iraq december agreement production figures ecuador united arab emirates needed verified lukman said price pay make agreement succeed ready opec changing price level dlrs group president said said opec price differentials committee meeting formerly postponed april put indefinitely furthermore extraordinary meeting conference moment contemplated since agreements reached december said asked committee need meet soon narrow prices various opec crudes fixed relation dlr benchmark lukman replied consider defence prices much crucial differentials lukman said opec aware consumers heavily drawn stocks crude oil refined products levels well time last year soon would return market search crude see going difficulty maintaining dlr price throughout rest year lukman said opec president praised non opec oil producers said contributed group efforts stabilise prices criticised britain maintaining long held view anything help market quite confident however long term two thirds world reserves opec hands future use advantage said lukman described disruption ecuador output following earthquake refused say south american country would allowed higher output quota recovered disaster reuter
citibank says raises base rate pct pct
march u purchasing managers index u economy march improved faster rate february national association purchasing management composite index rising pct pct napm said first quarter average index also pct napm said average continue rest would consistent real gross national product growth three pct index reading pct generally indicates economy expanding phase one pct declining economy napm said economic improvement evident indicators index except inventories declined slightly new orders rose sharply march production also higher vendor deliveries slowed another sign economy improved march employment expanded first time since august robert chairman napm business survey committee director materials management inc said economy ended first quarter healthy substantial improvement said sharp rise growth new orders march good beginning second quarter pct purchasing managers reported paying higher prices march end paying higher prices average increase put pct estimated average price increase anticipated members remainder pct prices continue rise napm said purchasers see significant composite index seasonally adjusted figure based five components napm business survey new orders production vendor deliveries inventories employment monthly report based questions asked purchasing managers u industrial companies reuter
colombia traders say new coffee strategy vital coffee producing countries must quickly fresh common strategy following failure international coffee organization ico reach agreement export quotas gilberto arango president colombia private coffee exporters association said arango told reuters intelligent thing would seek stand producers including brazil order strategy defend prices ico special meeting ended last night london exporting consuming nations failing agree resumption export quotas suspended one year ago prices soared following prolonged drought brazil arango said would imminent predicted short term prices would undoubtedly however said market also take account evident factors brazil low stocks sale near central american crop trade sources said colombia coffee today quoted dlrs lb new york second lowest price past years cardenas said countries apparently fail understand true impact failure coffee producing nations well industrialized countries difficult believe efforts made solve problem developing world external debt decisions taken cut earnings used repaying debts said colombia case watch try effectively combat drug countries support us fight seek cut vein cardenas said reuter
usda estimates soviet grain crop mln tonnes vs feb year ago
libya reportedly bought white sugar libya reported recently bought two cargoes white sugar operators around dlrs tonne cost freight traders said shipment period required specified reuter
final test inc th qtr loss shr loss six cts vs loss cts net loss vs loss sales vs year shr profit six cts vs loss dlrs net profit vs loss sales vs reuter
press inc year nov shr cts vs cts net vs revs vs note net includes dlrs gain tax credit includes gain dlrs gain credit reuter
brown forman change record dates brown forman inc said suggestion american stock exchange changed record date ct per share quarterly dividend class class b common stock payable april one march march coincide record date three two stock split declared february said record date dividend four pct cumulative preferred stock also changed march march reuter
rada electronic industries nine mths net ended december shr three cts vs nine cts net vs revs vs avg shrs vs note full name rada electronic industries ltd reuter
corp th qtr net shr cts vs cts net vs revs vs year shr cts vs dlrs net vs revs mln vs mln reuter
january housing sales drop realty group says sales previously owned homes dropped pct january seasonally adjusted annual rate mln units national association realtors said december rate mln units highest since record mln unit sales rate set november group said drop january surprising considering significant portion december near record pace made sellers seeking get favorable capital gains treatment old tax laws said john reuter
corp year sept loss shr loss cts vs profit cts net loss vs profit revs mln vs mln note prior year net includes gain sale property dlrs reuter
valley co th qtr jan net shr cts vs cts net vs revs mln vs year shr cts vs cts net vs revs mln vs mln reuter
kelly oil gas partners year dec shr cts vs cts net mln vs mln revs mln vs mln reuter
weather closes port oil terminal strong winds high forced closure egypt main port nearby oil terminal port officials said tanker loading suez mediterranean arab petroleum pipelines co southwest stopped officials said five tankers awaiting improved weather reuter
fed adds reserves via customer repurchases federal reserve entered u government securities market arrange two billion dlrs customer repurchase agreements fed spokesman said dealers said federal funds trading pct fed began temporary indirect supply reserves banking system reuter
fidelity unit acquires california concern fidelity national financial inc said fidelity national title insurance co subsidiary acquired operations title insurance co northern california counties costa san terms acquisition disclosed reuter
moore medical corp make acquisition moore medical corp said plans acquire privately held products wholesale distributor generic undisclosed terms reuter
bank england said invited borrowings pct later today
industries inc th qtr net oper shr cts vs nine cts oper net vs revs given year oper shr cts vs six cts oper net vs revs mln vs mln note qtr excludes extraordinary loss dlrs nine cts share versus gain dlrs five cts shr note continued year excludes extraordinary loss dlrs cts share versus extraordinary loss dlrs two cts share reuter
thatcher says trade targets set moscow british prime minister margaret thatcher said soviet premier set targets increased trade two countries talks earlier today said hoped economic exchanges britain soviet union also lead increased increased understanding earlier told meeting soviet british businessmen agreed would work achieve total volume billion roubles bilateral trade would increase side mln stg present export levels mr handed list import export opportunities hope jump told meeting mark opening new offices british soviet chamber commerce talks thatcher soviet premier joined signing agreements covering new scientific cultural exchanges kremlin leader mikhail gorbachev nine hours talks yesterday reuter
american stores co th qtr shr dlrs vs dlrs
vms mortgage investors raises payout vms mortgage investors lp ii said raised first quarter cash dividend cts cts prior quarter payable may shareholders record april one reuter
precambrian shield takes mln dlr writedown precambrian shield resources ltd earlier reporting large loss year ago profit said loss mainly due dlr writedown u operations uneconomic coal mineral properties precambrian pct owned mark resources inc said took writedown accordance new canadian chartered accountants guidelines full cost method accounting oil gas companies precambrian earlier reported loss mln dlrs compared profit mln dlrs prior year reuter
noranda copper mine fire caused heavy damage noranda inc said copper mine fire killed one miner trapped others nearly day caused estimated mln canadian dlrs damage fire started wednesday burned hours destroyed mine three year old conveyor system officials said michel vice president operations said noranda operate mine one third normal metric ton annual finished capacity using ground reserves decides whether keep mine open events sustained yesterday day serious setback gaspe mines operations said gaspe mines name noranda division operates murdochville mine said would take four five months bring operations full capacity company decides adding believes good chance noranda fully reopen mine reuter
tektronix inc tek quarterly dividend qtly div cts vs cts pay may record april note previous dividend restated reflect january two one stock split reuter
place inc th qtr net qtr ends jan shr seven cts vs net vs revs mln vs mln avg shrs vs mths shr cts vs cts net vs revs mln vs mln avg shrs vs reuter
med inc th qtr net shr cts vs nine cts net vs revs vs year shr cts vs cts net vs revs mln vs mln reuter
gulf states sees end cash may gulf states utilities co said condition significantly deteriorated operating cash reserves inadequate may unless receives additional financing rate relief state public utilities commissions texas louisiana company newly released annual report k filing gulf states said bank lenders notified utility last month additional credit would granted gulf states said banks requested utility begin making end april mln dlrs estimated lease payments mln dlrs circumstances increase likelihood company may seek protection creditors bankruptcy code gulf states said utility previously said might forced consider filing bankruptcy limited rate increases granted state regulators connection gulf states billion dlr river nuclear plant louisiana regulatory commissions approve company proposed rate plan grant increases provided plan initial three year phase period company believes could achieve financial stability gulf states said february texas public utilities commission granted gulf states interim rate increase mln dlrs contingent upon utility obtaining new mln dlr line credit pay operating expenses utility sought mln dlrs rate hikes texas gulf states appealed decision louisiana state regulators rejecting application mln dlrs emergency rate relief gulf states earned mln dlrs revenues billion dlrs compared profits mln dlrs sales billion previous year reuter
franklin utilities fund sets payout qtly div cts vs cts prior pay march record march two reuter
aluminium scrap recovery usage rise aluminium scrap recovery usage output secondary metal continue rise said shearson lehman brothers review secondary aluminium market details cost demand factors although primary smelting costs declined generally recent years still substantial energy cost savings offered secondary smelters continue make material increasingly attractive takes around hours electricity produce one tonne primary aluminium compared around one tonne secondary metal shearson said demand side developments packaging well secondary aluminium consumption automobile production although expected fall year still upward trend continue foreseeable future addition use aluminium castings gaining wider acceptance automobile industry particularly u packaging shearson expect aluminium beverage market major economies extent u says evidence recycling increase countries addition cost savings involved technology advances enable higher purity produced secondary aluminium industry shearson said likely problem availability u huge scrap also true several european countries smaller scale reuter
old republic int l corp hikes dividend qtly div cts vs cts prior pay june record june reuter
btr plc l year shr p vs p div p making p vs p pretax profit mln stg vs mln turnover billion vs billion tax mln vs mln operating profit mln vs mln operating profit includes income mln vs mln financial costs mln vs mln minorities mln vs mln earnings mln vs mln extraordinary credit mln vs mln debit reuter
general cinema poor season lowers net general cinema corp said lower last year record season lowered first fiscal quarter operating earnings nine pct mln dlrs good start fiscal would like business picked last weeks chairman richard smith said said company expected net pricing higher unit volume improve remaining quarters fiscal year company added operating earnings unit higher fiscal important summer season film releases perform well addition key business general cinema beverages expected achieve record operating results full year smith said company video business video supermarkets continues operate expected loss company added general cinema said financing costs associated purchase mln carter hawley hale stores inc shares mln dlrs mln sterling investment plc lowered first quarter net said loss offset mln dlr gain sale common shares sea land corp unit csx corp csx reuter
profits rise shr rupees vs seven pretax profit mln vs mln net profit mln vs mln sales billion vs billion div pct vs pct tax mln vs mln dividend payable june company pct subsidiary unilever plc full name company ltd reuter
sets higher dividend lp said board declared quarterly dividend cts per unit first since converting limited partnership company inc paid quarterly dividend nine cts per share said restructuring partnership substantially increased cash available distribution unitholders predicted reuter
great atlantic pacific tea co th qtr oper shr cts vs cts
g data systems rd qtr net qtr ends jan shr nil vs nil net vs revs vs avg shrs vs nine mths shr two cts vs three cts net vs revs vs avg shrs vs reuter
brazil set coffee export targets ibc brazil set target coffee exports following week breakdown international coffee organization talks export quotas president brazilian coffee institute ibc jorio dauster said told press conference brazil reconsider export plans mln bag export figure proposed earlier longer taken country export target ico member countries mln bag offer made assumption agreement would bring stability world markets added gesture ease negotiations lack agreement leaves longer valid exports could mln bags said dauster said would talk producers exporters market analysts taking decision export policy future policy would flexible adjusted market conditions take short term decisions might cause markets panic dauster added said would policy shows brazil coffee sell could without ico agreement brazil coffee sell wants show need ico agreement dauster said commenting breakdown talks dauster said consumer proposals would implied reduction one two mln bags brazil export quotas proposal would lead substantial loss brazil would difficult country recover said consumer proposal base quotas six year moving average exportable production surpluses would lead overproduction countries boosted output win higher quotas said dauster rejected reports said brazil cause breakdown talks noting stance backing pct producing countries close links would continue producers particularly colombia mexico african countries dauster said joint marketing action envisaged present also said brazil currently plans return system roaster buying contracts although abandoned dauster said yet decided registrations may shipment coffee opened declined comment whether ibc adopt policy opening registrations six months advance exporters suggested noted export registrations first four months year totalled around mln bags half mln exported drought reduced crop mln mln bags said although heard forecasts mln bags coming crop ibc would make estimate late april reuter
japan firm develops heat resisting rubber chemical co ltd said developed resistance rubber used without losing properties put potential demand product two tonnes month mainly microwave increasing use product parts attached car engines raise demand company boost output tonnes march two said reuter
india steps countertrade deals cut trade gap india non communist countertrade partners help cut trade deficit foreign exchange wheat tobacco tea coffee jute engineering electronic goods well minerals including iron ore offer return crude oil petroleum products chemicals steel machinery trade sources told reuters impetus behind countertrade began comes two state trading firms state trading corp minerals metals trading corp two state trading corporations free use buying power respect bulk commodities promote indian exports commerce ministry spokeswoman said adding private firms excluded one trade source said india targetted countries depend indian domestic market recently opened foreign imports however countertrade deals still make small part india total trading likely account less eight pct estimated billion dlrs trade nine months ended december sources said countertrade accounted five pct india billion dlrs trade fiscal ended march almost nothing official figures show however figures exclude exchanges eastern bloc paid non convertible indian rupees sources said total trade soviet union involving swaps agricultural produce textiles soviet arms crude oil estimated billion dlrs fiscal three billion indian countertrade mainly help narrow country large trade deficit still compared agreements reached indonesia venezuela brazil trade sources said trade deficit hit estimated record billion dlrs expected decline billion current fiscal year push include non communist countries countertrade also due factors including slow growth foreign reserves tight debt repayment schedule aid trade protectionism businessmen said one source said india showing promoting countertrade deals past deals made break gatt rules member general agreement tariffs trade gatt india cannot officially support recent countertrade deals include iron ore exports yugoslavia steel structures recent global tenders include clause preference given parties accept payment kind goods services sold india trade official said adding policy remains flexible also take account factors prices goods services offered india trade official said early year commerce ministry told foreign companies interested selling aircraft ships drilling rigs railway equipment india stood better chance bought indian goods services return trade sources said point official said south korean firm recently agreed sell drilling platform worth mln dlrs state run oil natural gas commission reuter
lsb industries inc lsb th qtr net shr profit five cts vs loss dlrs net profit vs loss mln revs mln vs mln avg shrs vs mths shr profit cts vs loss dlrs net profit vs loss mln revs mln vs mln avg shrs vs note primary earnings per share based weighted average number common common equivalent shares outstanding period accounting preferred stock dividends qtr year includes provision restructuring costs related sale energy business parts bearing business qtr year includes charges respectively restructuring costs operating losses charged previously provided accruals restructuring costs qtr year includes deferred income taxes respectively year net includes operations climate master inc company acquired august full period comparable period includes operations august dec third qtr includes tax gain early certain payable reuter
whittaker gains sales whittaker corp said gain sale discontinued businesses operating losses businesses dates disposition defer reporting gain restructuring program substantially completed company said first quarter ended january completed divestiture health maintenance organization operations travelers corp sold steel strip operations sold equity investment inc affiliate company said entered definitive agreements sell whittaker general medical corp sa france steel corp well company said date received proceeds mln dlrs divestitures used funds reduce debt incurred repurchase common shares whittaker today reported first quarter earnings continuing operations fell dlrs dlrs year year earlier figure excluded dlr loss discontinued operations reuter
benetton italy sees expansion acquisitions benetton spa italy expects diversify financial services weighing possible acquisitions benetton spokeswoman said thinking diversification outside retail line spokeswoman said looking financial services companies however said company u planned expansion looking number different countries company shares traded u american receipts issued offering morgan stanley group inc ms earlier month benetton holding talks wall street firms possibility receiving quotation shares new york stock exchange absolutely timetable may even happen spokeswoman said also denied reports company considering issue convertible bonds warrants u thinking issuing bonds said line planned global expansion efforts benetton also holding talks soviet union explore possibility opening stores country spokeswoman pointed many companies holding talks soviets discussions looking forward response said added company firm timetable response might received reuter
rowntree plc l year end january shr p vs p div final div p vs p pretax profit mln stg vs mln net tax mln vs mln turnover mln vs mln trading profit mln stg vs mln consisting u k mln vs europe mln vs mln north america mln vs mln australasia mln vs mln rest world mln vs mln reuter
smith international inc th qtr loss newport beach calif shr loss dlrs vs loss dlrs net loss mln vs mln revs mln vs mln year shr loss dlrs vs loss dlrs net loss mln vs loss mln revs mln vs mln note current qtr net includes pretax charges mln dlrs inventory adjustments currency costs related fluctuations italian current year net includes pretax charges mln dlrs provision reduce carrying value excess capital assets writedown certain inventories assets also includes charges mln dlrs covering costs workforce reductions chapter year ago net includes pretax charges related judgment company litigation hughes tool co mln qtr mln dlrs mths reuter
bancorp regular dividend set qtly div cts vs cts previously pay may record april nine reuter
brussels ferruzzi says pay mln dlrs cpc international european mills
volcker says exchange rate adjustment enough narrow u trade deficit
distributed logic corp st qtr loss qtr ended jan shr loss nine cts vs profit cts net loss vs profit revs vs reuter
taiwan sees investment u rising sharply taiwanese investment u expected nearly double mln u dlrs calendar rise mln dlrs year five year forecast economic ministry showed taiwanese investment u last year totalled mln dlrs ministry document said investment mainly electronics trading food service industries lee deputy director ministry industrial development investment centre said forecast rise due planned government incentives growing willingness among taiwanese invest abroad lee told reuters incentives introduced may june include bank loans reduction capitalisation requirements businesses seeking invest u mln taiwan dlrs mln said moves encourage investment u part taiwan efforts cut trade surplus washington rose record billion u dlrs billion taiwanese manufacturers create jobs americans avoid import quotas set plants u added reuter
brazil industrial growth rate slowed january growth rate brazilian industrial output slowed january pct month rising pct december brazilian geography statistics institute figures show result line declining trend growth rate since october institute said months end january industrial production pct months end january last year calendar output pct biggest output rises months end january pct pharmaceuticals pct machinery reuter
tcby enterprises tcby splits stock tcby enterprises inc said board approved three two split common stock distribution made april stockholders record april split increase number outstanding shares mln mln shares company said tcby operator retail stores specializing frozen related reuter
american dynamics sell pct stake american dynamics corp meridian reserve inc said signed definitive agreement meridian buy mln shares pct american dynamics common stock terms agreement santa calif based meridian said pay based american dynamics one mln dlrs cash notes five years shares common stock meridian said option issue additional shares common next two years payment certain notes meridian oil gas company whose operations primarily oklahoma said acquisition increase consolidated assets mln dlrs committed gas reserves mln dlrs discounted present value american dynamics engaged gas gathering transmission liquids extraction also oklahoma companies said five plants miles transmission lines five oklahoma counties reuter
twa said intend seek control usair acquire stock time
consumers power sees one time st qtr loss seven cts shr suit
new rubber pact adopted geneva conference producers consumers representing world trade natural rubber adopted new international natural rubber agreement inra aimed stabilizing world prices next five years negotiations new inra succeed present one runs next october began nearly two years ago agreement new five year pact uses buffer stock keep prices stable selling buying rubber rates rise fall reached two week session auspices united nations conference trade development unctad reuter
irving trust v raises prime rate irving trust co said raising prime rate pct effective immediately becomes fourth u bank raise rate following citibank chase manhattan manufacturers hanover trust reuter
southam unit acquires community papers southam inc said force unit acquired three community newspapers combined circulation undisclosed terms southam said newspapers herald metro one printed canadian publishers division force intends expand distribution newspapers begin improved service market southam said reuter
greyhound corp g completes bus line sale greyhound corp said completed sale greyhound lines unit dallas based holdings inc mln dlrs cash securities royalties considerations greyhound said authorized continue using familiar running red white blue shield greyhound corp continue use running alone symbol reuter
german industrial output rises pct february west german industrial production seasonally adjusted rose provisional pct february downwards revised decline pct january economics ministry said ministry originally estimated industrial production fell pct january february figure likely revised upwards one percentage point next month march figure released ministry statement said industrial production index base stood provisional february january december ministry previously put january december respectively february output index stood producing year year rise february pct february rise production aided sharp pct increase construction output compared january production many industrial sectors depressed unusually severe winter weather manufacturing industry registered pct rise production february compared january energy sector output fell nine pct mining production declined seven pct ministry considers two monthly comparisons better guide trends said output january february together fell around two pct november december ministry said construction output fell pct january february november december due cold january weather output energy sector rose four pct mining output pct manufacturing industry production fell pct january february compared november december within sector output basic products food tobacco alcohol fell pct production capital goods fell pct output consumer goods unchanged compared months industrial production january february fell pct ministry said manufacturing industry output fell one pct output basic products three pct capital goods one pct food tobacco alcohol production pct lower makers consumer goods posted pct year year rise two month period industrial sectors mining production fell four pct construction output pct energy sector saw slight pct rise ministry added reuter
electronics inc th qtr loss shr loss one ct vs profit cts net loss vs profit revs vs year shr loss seven cts vs loss one ct net loss vs loss revs vs reuter
gould gld sells french battery unit gould inc said sold french battery unit cie francaise electro group investors including unit employees gnb inc minnesota terms sale disclosed unit sales mln dlrs reuter
sees year revenues top two billion equitable corp said company likely attain revenues excess two billion dlrs first year operations company created last october initial equity mln dlrs owned equally equitable life assurance society u hospital corp america financial results first six months company operations disclosed provides employee group plans corporations nationwide said aims double five years pct employee benefits industry controls reuter
corp th qtr net loss shr loss four cts vs loss five cts net loss vs loss revs vs year shr profit four cts vs loss cts net profit vs loss revs vs note excludes loss discontinued operations four cts per share quarter loss cts year year excludes extraordinary gain two cts share reuter
royal resources corp nd qtr dec loss shr loss cts vs loss dlrs net loss vs loss revs vs avg shrs vs first half shr loss cts vs loss dlrs net loss vs loss revs vs avg shrs vs note losses include charges mln dlrs periods vs mln dlrs periods write oil gas properties reuter
industries inc rd qtr loss qtr ended feb oper shr loss one ct vs profit cts oper net profit vs profit revs mln vs mln avg shrs vs nine mths oper shr profit cts vs profit cts oper net profit vs profit revs mln vs mln avg shrs vs note oper excludes tax credits year ago qtr nine mths oper includes writeoff related subordinated note exchange current qtr nine mths reuter
rubber producers consumers start new pact talks chairman conference new international natural rubber agreement inra manaspas xuto thailand said try settle main outstanding issues week inra renegotiation conference resumed today auspices united nations conference trade development unctad scheduled last march xuto told delegates session conference presented promising opportunity conclude new pact last current accord expires october xuto said consultations representatives major exporting importing countries last months found constructive attitude willingness flexible part concerned try settle major outstanding issues course week since considerable amount technical drafting work remain completed said immediately start consultations producers consumers last october negotiations collapsed disagreement buffer stock operations consumer demands tighter buffer stock controls aimed preventing inra following collapse international tin agreement ita rejected producers argued unchanged inra terms tin pact failed buffer stock manager ran funds support prices three previous talks rubber producers consumers new five year pact ended without agreement inra originally due expire october extended october facilitate renegotiation head malaysian delegation said cautiously optimistic together able save inra prevent without inra added prices natural rubber would become volatile calling delegates show sense purpose reality said reason could put aside differences come successor agreement reuter
peru sugar harvest seen lower usda sugar production peru season revised tonnes raw value pct previous forecast pct harvest u agriculture department said world production trade report said rains northern mountain region improving supply water major benefits occur season reuter
unicorp american corp uac sets quarterly qtly div cts vs cts prior pay march record march reuter
australian sugar areas said receiving rain dry areas australian sugar cane belt along queensland coast receiving enough rain sustain crop australian sugar producers association spokesman said industry worried two weeks ago rainfall still normal good rains needed areas notably mackay regions said brisbane elsewhere far north far south state northern new south wales cane crop looking good heavy falls month said spokesman said still early tell effect dry weather size crop harvested around june december said frequent light falls areas short moisture mackay mean really need three days region heavy tropical rains restore normal moisture cane rainfall next two three weeks crucial size crop dry areas said certainly disastrous crop stage might month without good falls said reuter
southwestern public service co nd qtr net shr cts vs cts net mln vs mln revs mln vs mln mths shr dlrs vs dlrs net mln vs mln revs mln vs mln avg shrs mln vs mln note year ago restated reuter
union bank raises prime rate pct union bank subsidiary standard chartered plc said today raising prime lending rate pct pct effective immediately reuter
american nursery products rd qtr net qtr ends feb shr profit five cts vs profit four cts net profit vs profit revs vs avg shrs mln vs mln nine mths shr loss cts vs loss cts net loss vs loss revs vs avg shrs mln vs mln note full name american nursery products inc reuter
allegheny beverage unit sale allegheny beverage corp said approached group interested acquiring foodservice unit service america corp group includes senior management service america officers allegheny beverage company said company agreed permit group potential lenders perform due diligence review service america said allegheny noted previously cancelled plans spin foodservice subsidiary company said group review preliminary assurance acquisition proposal made made accepted service america fiscal revenues mln dlrs pct allegheny beverage total revenues billion dlrs year ended march spokesman allegheny beverage said declined identify service america officials acquisition group feb allegheny said spin service america gave reason said would place major emphasis managing service america improve operations increase earnings unit service america allegheny acquired may operates food beverage machines subsidiaries allegheny provides coin operated services building maintenance services retail office furniture operations fiscal allegheny reported earnings continuing operations mln dlrs dlrs fully diluted share excluding income mln dlrs discontinued operations extraordinary loss mln dlrs may allegheny sold pepsi cola bottling co unit pepsico inc pep mln dlrs including discontinued operations special item net income mln dlrs dlrs share fully diluted reuter
france reduces trade deficit february france posted seasonally adjusted trade deficit mln francs february billion franc deficit january finance ministry said first two months year trade deficit seasonally adjusted basis billion francs unadjusted february deficit billion francs two month cumulative deficit billion ministry said statement ministry said february exports totalled billion francs pct increase january imports totalled billion francs increase pct farm food trade showed two billion franc surplus surplus billion january energy deficit reduced billion francs eight billion january industrial trade showed surplus billion francs mln francs january reuter
cooperative energy tests oil two wells cooperative energy development corp said two exploratory oil wells area alberta tested barrels day increase company daily oil production pct company immediately elaborate total production figures wells flowing oil river formation combined production barrels day reserve recovery company said permanent production facilities installed wells produce pipeline mid april reuter
ambassador financial unit buy ambassador financial group inc said ambassador real estate equities corp agreed buy heritage quality construction co inc ambassador said unit would purchase pct heritage stock initial payment approximately dlrs subsequent payments cash five year period equal pct net tax profit heritage acquisition consummated ambassador said agreed contribute dlrs existing capital heritage reuter
ibm ibm rebound seen bernstein analyst international business machines corp hit two year earnings slump begin come back end post strong growth analyst martin sanford c bernstein co inc said increasing momentum earnings later year martin said technology conference sponsored investment firm martin said coming rebound reflects new product introductions mid range area rather drastic improvement economic growth u capital spending ibm whose stock hit week low dlrs mid january come back ibm trading dlrs analysts computer industry executives company external economic factors ibm growth martin said product cycle key understanding rise fall ibm computer companies pointed digital equipment corp dec support view replacing product line earnings soared said dec line computers contrast dec ibm mid range product line new computer code named fort supposed tie together number ibm mid range systems product never got ground said instead aspects computer integrated ibm machine introduced last year aspects martin said major story rebound mid range business said sales ibm mid range computers fell pct new products lead pct growth mid range computers year pct growth high end computers primarily sierra line coming end product life cycle although growing pct ibm sharply lower year growth drop pct pct said overall revenue growth rise pct pct growth pct martin said last year ibm earned billion dlrs revenues billion dlrs investors asked meant dec whose earnings stock strong product introductions mid range area response martin said view ibm threat dec dec threat ibm companies largely existing customer bases rather market share one another reuter
international inc th qtr loss shr loss cts vs loss cts net loss vs loss revs vs avg shrs vs mths shr loss cts vs cts net loss vs loss revs vs avg shrs vs reuter
canada fight u potash action external affairs minister joe clark today everything possible fight u action canadian potash exports also warned raising early dispute latest canadian u trade relations u international trade commission ruled unanimously monday canadian potash shipments valued million u dlrs last year u industry certainly intend everything insure canadian interests well protected clark told house commons daily question period said opposition parties careful raise false early case goes u commerce department trade division determine duty imposed potash producers new mexico claiming unfair government subsidies seeking pct tariff canada shipments canada world largest potash producer exported mln metric tonnes potash last year nearly third going u potash used production fertilizer comes owned mines saskatchewan commons liberal member lloyd ruling another trade u criticized clark assurances country interests would protected received exactly kind assurances softwood lumber case totally said canada progressive conservative government agreed impose pct duty softwood lumber exports earlier year end long bitter bilateral trade dispute u urged government present canada case world trade authorities general agreement tariffs trade clark maintained potash dispute another example canada needs find new way settle bilateral free trade negotiations way u seeking put place better system clark said meanwhile saskatchewan trade minister bob andrew expressed confidence canada would win case claiming problem stems low international commodity prices government subsidies reality problem injury caused worldwide said caused downturn commodity price fertilizer whether potash fertilizer fertilizer whatever reuter
ventures inc nd qtr jan loss shr loss three cts vs loss cts net loss vs loss revs mln vs mln six mths shr profit nil vs loss cts net profit vs loss revs mln vs mln reuter
caesars world says considers restructuring sale company
cyacq terminates tender cyacq corp said terminated february six tender offer cyclops corp cyacq unsuccessfully bid dixons group plc control cyclops march dixons group plc acquired pct stock increased tender offer reuter
far west financial buy progressive far west financial corp said far west savings loan association unit reached agreement principle acquire outstanding stock progressive savings loan association far west said expect cost transaction exceed mln dlrs progressive savings ten branches southern california mln dlrs assets reuter
e b marine th qtr net edison n j april shr loss dlrs vs loss cts net loss vs loss revs mln vs mths shr loss cts vs gain cts net loss vs gain revs mln vs mln reuter
meridian energy end letter intent meridian energy inc development corp privately held company jointly announced decided terminate letter intent meridian would acquired reuter
wrather corp th qtr loss shr loss cts vs loss cts net loss vs revs mln vs mln year shr loss dlrs vs profit cts net loss vs profit revs mln vs mln note prior qtr figures include income discontinued operations dlrs gain disposal discontinued operations dlrs four cts per share operating loss carryforward gain dlrs cts per share prior year figures include income discontinued operations dlrs two cts per share gain disposal discontinued operation mln dlrs cts per share operating loss carryforward gain mln dlrs cts per share reuter
southern mineral corp th qtr loss shr loss two cts vs profit three cts net loss vs profit revs vs year shr profit eight cts vs profit cts net profit vs profit revs vs note per share figures adjusted four three stock distribution effective dec results include extraordinary tax benefit dlrs one ct share period reuter
silver state mining ssmc corrects net silver state mining corp said corrected fourth quarter net income dlrs dlrs reported earlier today company earned dlrs last year fourth quarter reuter
jim walter corp jwc nd qtr feb net shr cts vs cts shr diluted cts vs cts net mln vs mln revs mln vs mln first half shr dlrs vs dlrs shr diluted dlrs vs dlrs net mln vs mln revs billion vs billion avg shrs mln vs mln avg shrs diluted mln vs mln note net includes gains dlrs two cts share quarter dlrs four cts share reduced pension expense new accounting procedures net periods also includes gain mln dlrs cts share sale land alabama reuter
realty corp th qtr net shr profit four cts vs loss two cts net profit vs loss revs vs avg shrs vs year shr profit cts vs loss cts net profit vs loss revs mln vs avg shrs vs note th qtr yr net includes loss dlrs gain dlrs extraordinary item net assumes warrants exercised nd qtr adjustment second quarter income earnings per share dlrs reuter
baird gets temporary restraining order baird corp said massachusetts state court county granted temporary restraining order prohibiting mark iv industries inc iv purchases baird stock mark iv massachusetts anti takeover company said mark iv currently owns least pct baird stock indicated may attempt acquire baird baird said u district court boston denied mark iv application temporary restraining order prevent enforcement massachusetts takeover law reuter
cuba crude sugar harvest far behind schedule cuban president told congress union young production crude sugar harvest still progress tonnes behind schedule speech sunday published today official paper said rains since january seriously harvesting milling operations especially central western parts island cuban leader said mechanical cane scheduled cut pct cane year particularly vulnerable fields prevent operations neither cuban press given figures estimate tonnes crude production present harvest goals sugar campaign however cuban sugar official told reuters country lucky crude output reaches last year mln tonnes output crude previous harvest mln tonnes harvest scheduled end april due present extended may june official said reuter
new england electric system two months net ended february shr cts vs cts net mln vs mln revs mln vs mln avg shrs mln vs mln mths ended feb shr dlrs vs dlrs net mln vs mln revs billion vs billion avg shrs mln vs mln reuter
ohio edison sells pct nuclear interest ohio edison co said completed sale leaseback pct pct interest unit one perry nuclear power plant receiving mln dlrs interest utility said share interest generating plant sold group institutional investors leased back company period years negotiated lease payment rate ohio edison said proceeds used finance rest construction program repay bank loans incurred retirement high interest long term debt ohio edison detail lease payments said payments reduce amount revenue company need cover investment perry savings customers utility said projects financing could reduce amount annual revenue needed mln dlrs plans filing rate application public utilities commission ohio recover perry costs later year said sale leaseback attractive investors could take advantage tax benefits utility could reuter
tesco forecasts profits rise year tesco plc tsco l said statement expects pre tax profits mln stg year ending february nine mln stg net property profits compares mln stg pretax profits net mln property sales previous year said forecast formal offer document sent hillards plc shareholders today march tesco launched mln stg bid hillards offer new tesco ordinary shares every hillards ordinary shares valued hillards ordinary share p reuter
nat l healthcare sell five hospitals national inc said signed agreement sell five rural hospitals private corporation mln dlrs including assumption six mln dlrs debt company said plans complete sales subject various regulatory approvals end july national healthcare said expects material gain loss sales substantially proceeds used reduce debt reuter
national entertainment reverse split set national entertainment corp said one reverse stock split name change major video corp effective march said new symbol company also said expects add nine company owned major video stores next days operates reuter
mulford disappointed newly industrialized nics efforts strengthen currencies
japan says oecd study subsidies still ongoing japanese agriculture ministry officials said study agriculture subsidies organisation economic cooperation development oecd still way completed sometime next month officials said study inaccurate far said japan would comment final results reuter report washington yesterday said study found japan highest agriculture subsidies world dairy farmers benefit commodity producers subsidies study officially released due objections countries japan withdrawn objection decided accept release study agriculture ministry officials said oecd directors expected approve release meeting mid may one agriculture ministry source said study far based years japanese subsidies dropped sharply since partly tight budgetary policy foreign currency factors also changed said study unfair unacceptable take account various differences farming conditions country geography source said said highly likely final study show japan highest farm subsidies world would increase foreign pressure open japan farm market would little impact japan agriculture policy said without giving details main purpose study export subsidies major exporting nations like united states european community japan major importer said reuter
ivey properties inc raises quarterly dividend ivey properties inc said raised quarterly dividend cts share cts declared extra dividend cts share pct stock dividend said dividends paid april one shareholders record march stock dividend ivey said pay fractional shares dlrs per share reuter
cocoa council meeting ends agreeing rules international cocoa organization icco council adjourned agreeing buffer stock rules international cocoa agreement icco spokesman said buffer stock begin operations immediately said confirmed delegate reports buffer stock manager trade cocoa means offer system according fixed differentials cocoa different origins purchases non members limited pct total buying selling operations one day restricted maximum pct nearby intermediate forward positions said reuter
systems corp th qtr jan net shr cts vs cts net vs sales mln vs mln year shr cts vs cts net vs sales mln vs mln reuter
bankamerica raises prime rate pct bankamerica corp following moves major banks said raised prime rate pct pct effective today reuter
soo line soo sell lake states division soo line corp said agreed sell lake states transportation division newly formed wisconsin central ltd division conducts rail operations miles railroad minnesota wisconsin michigan illinois soo line said january seeking bids property terms withheld soo estimated transaction result one time tax loss mln dlrs reuter
oshman cites weak regional economies oshman sporting goods inc said earnings fourth quarter ended january affected weak economies texas oklahoma louisiana resulting drop net earnings dlrs cts share dlrs dlrs share year ago quarter company also said sales west coast hurt late poor conditions store sales declined pct quarter pct year full year oshman net earnings fell dlrs cts share dlrs dlrs share company said opened nine stores closed three year end company said operating oshman stores stores reuter
mercantile stores co inc th qtr net qtr ends jan shr dlrs vs dlrs net mln vs mln revs mln vs mln mths shr dlrs vs dlrs net mln vs mln revs billion vs billion
plastics inc sets quarterly qtly div six cts vs six cts prior pay march record march reuter
fields plans open stores u based speciality food retailer fields inc earlier announced pre tax profits mln dlrs mln said plans growth year opening new stores u company quoted london unlisted securities market said also planned expand outlets internationally however chairman fields told news conference company would move new countries would efforts already stores company opened new stores including u two australia one japan canada u k intend open minimum five units london example reasonable might open stores european countries fields said said company acquired competitive businesses matter routine might add others declined say much company planned spend last year turnover rose pct mln dlrs mln dlrs reuter
k mart km ends talks sell stores k mart corp said recent talks sell remaining kresge variety stores underlying real estate f w woolworth co z ended robert stevenson k mart vice president told reuters talks began six weeks ago ended declined give reason kresge k mart chain name changed k mart stevenson said selling buying real estate real estate division woolworth interested properties talks nature said kresge stores scattered around country downtown suburban locations said stevenson said k mart continue operate stores stores profitable decision k mart made continue operate said kresge nationwide chain variety stores reuter
industries inc year shr loss cts vs loss five cts net loss mln vs loss revs mln vs mln note net includes gain cts discontinued operations net includes gain cts discontinued operations reuter
allied products corp year net shr dlrs vs dlrs net vs sales mln vs mln avg shrs mln vs mln note net includes tax credits mln dlrs dlrs share reuter
high winds keep vessels trapped baltic ice strong south winds keeping many vessels trapped ice finnish swedish coasts one worst periods baltic many years finnish board navigation said finland sweden vessels reported stuck ice even largest difficulties breaking ships officials said however conditions southern baltic soviet oil ports eased said weather officials neighbouring sweden said conditions baltic worst years ships fighting losing battle keep moving coastal gulf finland sweden ice one almost three metres high swedish officials said weather forecasts say winds may ease weekend drop could bring shipping standstill officials said reuter
communications systems inc th qtr net shr cts vs cts net vs revs vs year shr cts vs cts net vs revs mln vs mln note net includes gains discontinued operations equal three cts compared nine cts reuter
aluminum co america aa regular dividend qtly div cts vs cts prior qtr payable may record may one reuter
stoltenberg says paris accord policy continue west german finance minister gerhard stoltenberg said currency agreement reached paris february successful would continued stoltenberg told journalists next week international monetary fund meeting washington strategy stabilise currencies around current levels proven worth also determine future developments stoltenberg declined comment specifically would consider undervalued dollar said dollar around marks created problems west germany exports stoltenberg said studies international organisations made clear especially u japan major efforts remained necessary support adjustments foreign trade balances via necessary corrections economic policy one would benefit years valuation u dollar fell extreme strong valuation said stoltenberg said west germany keen interest swift agreement u japan concerning current trade dispute semi asked whether believed markets would test paris currency accord stoltenberg comment specifically noted much discussed paris published paris declaration state levels central banks major industrialised countries would intervene stoltenberg said everything carefully considered said nothing add stoltenberg also appeared suggest west germany longer pressure u government stimulate economy declined respond specifically question subject said must particular importance consensus reached paris minister nevertheless added would make clear trip washington west germany nominal trade figures gave false actual trade flows stoltenberg noted bonn exports fell nominal two pct nominal imports fell pct west germany imports dropped largely foreign currency developments cheaper price oil led record trade surplus last year however stoltenberg said real terms west germany exports volume increased pct real imports risen much stronger pct way west germany made contribution economic stability stoltenberg added stoltenberg noted government expected imports rise real four five pct exports said early revise official forecasts west germany economic growth year government forecast unchanged pct rise gross national product institute leading research body still expecting growth three pct research institutes revised forecasts two pct stoltenberg said wide range predictions showed many taken account said drastic changes official forecasts needed reuter
ross stores inc th qtr jan loss shr loss dlrs vs profit cts net loss mln vs profit sales mln vs mln year shr loss dlrs vs profit cts net loss mln vs profit sales mln vs mln note latest year net periods includes mln dlr provision closing underperforming stores reuter
norway wholesale prices rise pct february norway wholesale price index base rose pct february pct rise january central bureau statistics said year year increase february pct compared pct january pct february added reuter
e f man buy hong kong firm u k based commodity house e f man ltd singapore yeo seng ltd jointly announced man buy substantial stake yeo pct held unit yeo seng enterprises ltd man develop locally listed soft manufacturer securities commodities brokerage arm firm man pacific holdings ltd reuter
dixons said got accepted pct cyclops shares tender
group seeks prime medical holder list group investment firms led far hills n j investor natalie koether said seeking information shareholders prime medical services inc said seeking control filing securities exchange commission group includes shamrock associates included march letter prime asks complete list shareholders group said wants information contact shareholders issues including election opposition slate directors board proxy koether group letter gives company five days respond request response prime medical group said would consider demand refused would take proper steps get information group said already holds prime medical shares pct total said taken legal action try force company set annual meeting require directors stand election previous sec filing group said decided try seek control prime medical tender offer exchange offer proxy contest ways reuter
safety kleen sk buy mckesson unit safety kleen corp said agreed principle acquire mckesson co subsidiary mckesson corp said mckesson current annual gross revenues mln dlrs company industrial customers fee processes burned reuter
computer network technology th qtr loss shr loss eight cts vs loss eight cts net loss vs loss rev vs nil year shr loss cts vs loss cts net loss vs loss rev vs nil note company full name computer network technology corp revenues n initial year product revenue reuter
central maine power co sets quarterly qtly div cts vs cts prior pay april record april reuter
myers inc nd qtr feb net shr profit cts vs loss dlrs net profit vs loss sales mln vs mln first half shr loss cts vs loss dlrs net loss vs loss sales mln vs mln avg shrs vs backlog mln vs mln reuter
amoskeag co sets quarterly qtly div cts vs cts prior pay march record march five reuter
mcdonald reaffirmed recommendation mcdonald corp rose sharply today receiving second recommendation many sessions traders said today analyst richard simon goldman sachs co reaffirmed recommendation stock put focus list traders familiar recommendation said simon unavailable comment stock jumped friday analyst daniel lee drexel burnham lambert inc reiterated recommendation stock focusing increased comparable store sales consistent annual earnings growth friday stock closed points higher wendy another operator fast food restaurants rose one active trading vague rumors wendy takeover candidate continued wall street traders said reuter
anz bank n z raises indicator lending rate australia new zealand banking group ltd new zealand said raise indicator lending rate pct pct april bank statement said continuing rise cost funds passed lending customers anz managing director brian weeks said recent developments money markets deep concern participants market participants nervous cautious future developments include flows government relating privatisation seven government departments april welcome flexibility evident reserve bank move raise system cash target yesterday feel reduce present nervousness cash target primary liquidity level need raised said reserve bank raised daily cash target mln n z dlrs normal mln dlrs call rates traded high pct week business year end march balance date book westpac banking corp new zealand announced yesterday would increase indicator lending rate percentage points pct april reuter
team inc tmi rd qtr feb net shr profit five cts vs loss cts net profit vs loss revs mln vs mln nine mths shr profit six cts vs loss dlrs net profit vs loss revs mln vs mln reuter
panhandle reduces gas rates panhandle eastern corp gas co pipeline subsidiary said reducing commodity component wholesale natural gas rate four pct effective immediately filing federal energy regulatory commission said reducing commodity rate portion total rate based price gas dlrs per mln btu dlrs per mln btu company said lower rate results reduction average price pipeline paying gas adding reflects contract producers reuter
emery air eaf bid purolator pcc emery air freight corp said plans begin tomorrow dlr share tender offer pct outstanding common stock purolator courier corp company said tender offer first step plan buy pct purolator shares following tender offer emery said would offer dlrs junior subordinated debentures remaining purolator share outstanding march one purolator agreed dlr share leveraged buyout eight purolator executives hutton lbo inc unit hutton group inc emery said tried unsuccessfully open merger discussions purolator company accepted management led buyout offer letter purolator chairman nicholas f emery chairman john c emery said company would still prefer negotiate purolator said imminent expiration leveraged buyout group offer forced company make unsolicited tender offer emery said offer scheduled expire est april unless extended company said conditions offer include receipt least two thirds purolator shares outstanding fully diluted basis repeal share purchase rights plan emery said offer also subject completion previously announced sale purolator canadian operations emery said chemical bank bankers trust morgan guaranty trust co salomon bros agreed provide financing tender offer said junior subordinated debentures issued subsequent merger carry pct annual interest rate payable twice year first three years notes issued interest paid emery option cash additional notes emery said added notes subject redemption one year issued emery said purolator would operate wholly owned unit company merger said hoped purolator management would continue company believe two companies provide excellent fit combination enable us better serve existing customers meet challenges future emery chairman said letter said merger would significantly enhance financial turnaround purolator management previously forecast officials purolator could immediately reached comment offer released several hours stock market closed emery stock closed purolator closed reuter
nortek inc sets qtly div common cts vs cts prior qtly div special common one ct vs one ct pay may eight record april three reuter
alcan close west german aluminium smelter alcan gmbh subsidiary alcan aluminium ltd al n canada said plans close aluminium smelter end june spokesman said alcan closing smelter annual capacity tonnes employees high electricity costs low world market price aluminium said earlier year would close half plant capacity decided shut completely talks potential cooperation partners failed spokesman said declined name companies involved talks reuter
co ltd year shr dlrs vs dlrs
barclays bank said cutting base lending rate pct pct pct
continental sees net tax law continental corp said fresh start provision tax reform act may add earnings per share insurance holding company net earnings mln dlrs per share john continental chief financial officer said fresh start provision allowed company discount opening tax reserves january released deferred taxes earnings said provision potential benefit would decline gradually next four years time continental pay mln mln dlrs taxes added however higher taxes significant impact earnings reuter
french reserves fall debt repayment french reserves fell week ended march following repayment bulk debt contracted january european monetary cooperation fund bank france said weekly statement repayment capital interest loan taken strong pressure franc european monetary system ems realignment subsequent group five meeting paris took place march comprised repayment billion francs worth european currency units ecus billion francs worth foreign currency billion francs worth special drawing rights sdrs bank said result foreign currency reserves fell billion francs march billion march ecu reserves fell billion francs billion gold reserves remained stable billion francs reuter
mobile inc th qtr loss shr loss nine cts loss cts net loss vs loss avg shrs vs year shr loss cts vs loss cts net loss vs loss avg shrs vs note company revs product development stage shr avg shrs data reflect reverse split november reuter
pumps inc sets regular payout qtly div cts vs cts prior pay april record april three reuter
indonesian coffee production may fall year indonesia coffee production ending september may fall slightly last year level tonnes dharyono chairman association indonesian coffee exporters told reuters said trees damaged may affected crop though remains seen seriously indonesia main crop harvested next month gave figure expected output except say would probably little said stocks normal tonnes predicted exports unlikely rise much last year level tonnes expect exports bit maybe tonnes said exports valued mln u dlrs value could fall pct year low prices added dharyono said production behind five year plan target tonnes current year indonesia trying boost output introduction higher yielding seeds better training farmers increased use reuter
japan october december gnp rises pct japan gross national product gnp rose real pct october december quarter revised pct increase previous three months economic planning agency said rise july september quarter originally put pct annualized growth rate accelerated pct october december pct july september calendar year gnp rose pct pct increase last year performance worst since gnp fell pct agency officials blamed strong yen depressing exports manufacturing industry nominal terms gnp rose pct october december quarter reflecting stable prices one pct increase previous three months agency said domestic real demand increased pct october december one pct rise previous quarter domestic demand contributed percentage point real gnp growth october december foreign trade added figures exactly due july september domestic demand contributed one percentage point gnp growth foreign trade point point contribution foreign trade gnp last quarter falling exports falling imports contributed point total export volume fell pct quarter quarter october december imports also fell pct point contribution domestic demand october december gnp growth private sector accounted point public sector private sector contribution included point corporate capital outlays consumer spending negative impact reuter
japan feb current account surplus billion dlrs jan billion surplus
china allows nationwide foreign exchange saving people throughout china open foreign exchange accounts bank china official economic zone daily said previously residents guangdong fujian provinces could paper also said minimum opening fixed deposit account cut yuan equivalent yuan minimum current account yuan equivalent paper said depositors could withdraw part account subject branch reserves instead fixed amount previously paper said deposits may opened french francs well already available u dollar hong kong dollar sterling yen marks bank china branches island also accept deposits singapore dollars province accept deposits dutch guilders paper said gave details reuter
nestle seeking certificate issue nestle sa z said would seek shareholder approval issue participation certificates pct share capital instead current limit pct said wanted view future certificate issues nestle nominal capital amounts mln swiss francs nestle reported net profits billion francs pct turnover fell pct billion swiss franc strengthened currencies parent company net profit rose mln francs mln company planned unchanged dividend francs per share francs per certificate placing mln francs reserves mln last year payout represented pct group net profit pct last year nestle said also invited former president swiss national bank currently chairman bbc ag brown boveri und cie z join nestle board reuter
u trade official says japan action high level u trade official said would japan strike back united states sanctions japanese semiconductor electronics products asked reporters japan expected retaliate u exports deputy secretary commerce bruce smart replied would addition doubted japan could show enough progress meeting conditions agreement avoid actual imposition mln dlrs tariffs april japan billion dlr trade surplus united states last year come fire congress concerned loss jobs foreign competition record billion dlrs u trade deficit president reagan sanctions decision today two democratic leaders congress think time senate democratic leader robert byrd west virginia told reporters house speaker jim wright texas told reporters opening house session shows right along said something needs smart senate labor committee hearing last friday u trade action would help u negotiations access japan u auto parts since last august smart leading talks open japan purchases u made automotive parts last year japan billion dlr trade surplus united states products countries expect conclude talks august japanese surprised hope persuade serious smart said white house trade sanctions united states tried convince japanese car companies quality american made parts draw away traditional japanese suppliers ask chance job persuading better reputation seems said measured per car american made car contained dlrs japanese auto parts japanese made car contained dlrs u auto parts smart said reuter
nippon steel reduce dividend nippon steel corp plans reduce dividend three yen year ending march five yen company spokesman said company estimated parent company current losses billion yen including gain billion yen sale securities compares billion yen profit year earlier sales seen billion yen billion year ago poor business prospects attributed yen rise slow world steel demand nippon expected report parent company results late may total crude steel production estimated mln tonnes mln year earlier crude steel production likely output forecasts profits sales year starting april unavailable yet said reuter
u business loans fall mln dlrs business loans books major u banks excluding acceptances fell mln dlrs billion dlrs week ended march federal reserve board said fed said business loans including acceptances declined mln dlrs billion dlrs reuter
n z money supply rises pct december new zealand broadly defined seasonally adjusted money supply grew estimated pct december rising revised pct november pct december last year reserve bank said statement said unadjusted increased estimated billion n z dlrs revised billion november billion december year year rose pct revised pct november pct december narrowly defined year year growth pct revised pct november pct year earlier grew estimated billion dlrs revised billion november billion december year year private sector credit grew pct december revised pct november pct december private sector credit grew billion dlrs revised billion november billion december reuter
u treasury mulford reaffirms g pact foster currency stability around current levels
stone splits stock raises payout stone container corp said common stock increasing dividend pct dividend cts share increase five cts prior cts share pre split shares payable june holders record may stock split also payable june holders record may reuter
opec defending dlr price subroto says indonesian energy minister subroto said opec deliberately production ceiling mln barrels defend dlr barrel price target told reporters energy conference jakarta opec decided maintain price level dlrs deliberately defending price opec production less mln moment stated asked opec would increase production prices went dlrs barrel said would decided next opec meeting june discuss market situation added said meeting opec differentials committee postponed need meeting elaborate committee originally due meet vienna week reuter
traders cut bahia temporao cocoa crop estimate trade estimates coming may september temporao harvest brazil main cocoa growing state bahia mln mln kilo bag range mln mln two weeks ago traders state capital salvador told reuters effects dry period first six weeks year thought earlier although good flowering followed rains mid february subsequent pod setting last year temporao also hit dry spell mln bags severe drought cut crop mln bags traders said another factor leading lower crop predictions many farmers properly plantations low returns investment manpower fertiliser costs cut back farmers feel rise interest rates past six months coupled low bean prices economies continue winter months temporao developing october april main crop could face serious damage pod rot attacks trees would normally treated disease recent wet weather already caused isolated pod rot reports growing regions say yet significant traders said expect low deliveries temporao beans first three months harvest bulk appear last month september despite low trees said excellent condition recent flowering pod setting lead late temporao early main crop beans good reuter
house trade bill drafting postponed house ways means trade subcommittee postponed next week opening session start drafting major changes u trade laws committee aide said subcommittee yet completed work start writing legislation aide said reuter
products inc th qtr net shr cts vs eight cts net vs sales vs avg shrs vs year shr cts vs cts net vs sales mln vs mln avg shrs vs reuter
american hoechst corp year net net mln vs mln revs billion vs billion note fully owned subsidiary hoechst ag reuter
u bank net free reserves mln dlrs two weeks march fed says
philippine coffee exports seen falling sharply philippine coffee exports expected fall sharply due combination international coffee organisation ico decision revive export quotas higher local prices ico agency official de told reuters said exporter registrations dropped average weekly tonnes march tonnes last week exports coffee year ending september forecast total tonnes relatively higher level domestic prices become difficult service exports de said adding exporters taking wait see attitude coffee production expected drop slightly one mln bags kg crop year ending june mln bags last year said reuter
international inc th qtr net oper shr cts vs cts oper shr diluted cts vs cts oper net vs revs mln vs mln avg shrs vs avg shrs diluted vs year oper shr dlrs vs dlrs oper shr diluted dlrs vs dlrs oper net mln vs revs mln vs mln avg shrs vs avg shrs diluted vs note net periods excludes charge dlrs distribution system restructuring costs year net excludes dlr debt retirement gain gain mln dlrs sale inc stock net periods includes charge dlrs reversal investment tax credits reuter
u mint seeking lbs zinc u mint said seeking offers lbs special high grade zinc intends purchase said selling offers due hrs est march mint said two lbs delivery weeks april april ball corp tenn two lbs delivered weeks april april rolling mills ill firms offers may elect receive payment mint standard check wire transfer awards based method cost goverment time awards determined offers minimum acceptance period calendar days mint said reuter
british telecom third quarter pre tax profit mln stg vs mln
finnish economic growth put three pct finland gross national product expected rise three pct two pct inflation unchanged pct private business survey office predicted unemployment put pct line last year office predicted regular review balance payments would show five billion markka deficit billion deficit reuter
quaker oats oat sells vernell fine quaker oats co said keystone partners inc purchased vernell fine inc previously indirect subsidiary quaker price disclosed said vernell based wash annual sales exceeding mln dlrs vernell acquired quaker acquisition golden grain co august reuter
tokheim corp tok st qtr feb net shr cts vs cts net vs rev mln vs mln reuter
sunter begins tender allegheny ag allegheny international inc said sunter corp formed first boston inc began cash tender offer accordance previously announced merger agreement shares allegheny common stock dlr cumulative preference stock dlrs convertible preferred stock offer expires april unless extended terms agreement tendering shareholders receive dlrs per common share dlrs per preference share dlrs per preferred share allegheny said offer conditioned upon valid tender stock representing majority voting power least two thirds outstanding shares preference stock preferred stock merger agreement announced earlier week reuter
malaysia cut oil output traders say malaysia state oil company petronas cut oil production barrels per day bpd may trade sources said malaysia cut bpd target output pct last september support opec moves boost prices latest cut would reduce output pct target level petronas said february malaysia would maintain pct production cutback mid however finance ministry said annual report malaysia crude oil output expected rise average bpd ministry forecast assumed average crude prices dlrs barrel bbl prices risen enough permit production cutbacks sources said malaysia benchmark dlrs bbl year low dlrs bbl july said traders said reductions malaysia would add tight spot asian grades caused reduced indonesian chinese crude output cutback also help malaysia maintain prices concern buyers want reduce term purchases due availability cheaper alternatives sources said addition term sales petronas offering two three bbl spot cargoes malaysian crude month sale tender sources said however practice likely given reduced scale production said
corp nd qtr jan net shr cts vs nine cts net vs revs mln vs mln six mths shr cts vs cts net vs revs mln vs mln reuter
conrac corp rejects mark iv industries tender offer alternatives
morgan grenfell group plc year shr basic p vs p shr fully diluted p vs p div p making p vs p pretax profit mln stg vs mln tax mln vs mln minority interest debit vs credit extraordinary items credit vs debit reuter
standard chartered plc l year shr p vs p div p vs p making p vs p pretax profit mln stg vs mln tax mln vs mln operating income billion vs mln operating expenses mln vs mln trading profit charge bad doubtful debts mln stg vs mln charge bad doubtful debts mln vs mln share profits associates mln vs mln minority interests mln debit vs mln debit extraordinary items mln debit vs mln credit operating income includes interest income billion vs billion interest expenses billion vs billion operating income mln vs mln operating expenses include staff mln vs mln equipment mln vs mln others mln vs mln pretax profit includes north america mln vs mln asia pacific mln vs mln middle east south asia mln vs mln tropical africa mln vs mln u k mln vs mln south africa mln vs mln reuter
value line inc rd qtr jan shr cts vs cts net vs revs mln vs mln nine months shr dlrs vs cts net mln seven mln revs mln vs mln note periods include pretax investment income mln dlrs capital gains distributions mutual fund investment reuter
leigh pemberton opposes takeover protection rules bank england favour introduction rules shield companies hostile takeover attempts governor robin leigh pemberton said instead merchant banks advising bidding companies must show restraint responsibility avoid excesses recent takeovers told regional confederation british industries annual dinner leigh pemberton also called companies improve ties institutional investors suggesting representatives institutions granted seats boards directors companies invest boards cannot expect protection unwelcome short step saying protected shareholders company leigh pemberton said added takeovers mergers important role play economies scale integration efficient market penetration degree success failure takeover experience depended whether takeover contested said leigh pemberton noted excesses takeover activity recent past aim company management action dedicated favourable impact share price short term partly even primarily expense future said bids often depend success creating highly charged artificial situation share market give rise sides battle engage aggressive even tactics damaging interest shareholders said clear reference recent events said city act companies individuals must suggest ready accept full measure responsibility even transactions may result exercise careful judgment respect clients act activities wind cannot expect visit elsewhere added reuter
cos inc low qtly div qtly div cts vs cts prior payable april record april reuter
anz bank cut australian prime rate pct australia new zealand banking group ltd anza said lower australian prime lending rate pct effective april cut second announced bank last week following cut pct effective last monday anz new rate lowest prime set four major trading banks matches rate set one smaller foreign banks january left unchanged rise last three months range pct including three reuter
visual graphics sets dividends visual graphics corp said board declared quarterly dividend cts per share class b common stock cts per share class common stock payable april three shareholders record march company set two classes common stock february previously company paid cent per share quarterly dividend one class common stock reuter
n z ports reopen closures possible harbour workers returned work morning strike support pay claims closed new zealand ports hours yesterday harbour workers union told reporters pay dispute settled union national executive meet tomorrow decide next moves obviously considering industrial action union secretary ross wilson said radio interview union rejects employers offers pct pay rise months wants pct months reuter
borg warner bor examining gaf gaf proposal borg warner corp statement said received gaf corp dlrs share acquisition proposal comment board directors chance examine thoroughly reuter
itt corp itt declares dividend qtly div cts vs cts prior pay july record may reuter
federal corp sets regular dividend qtly div cts vs cts prior pay june record may reuter
inc th qtr net shr cts vs cts net vs revs mln vs mln year shr cts vs cts net vs revs mln vs mln backlog mln vs mln note net includes nonrecurring gain dlrs quarter charge dlrs year reuter
allied lyons sees change hiram walker stake allied lyons plc l canada brothers working well together partners currently plan change joint ownership hiram walker gooderham allied lyons chairman holden brown said allied lyons got pct control hiram walker gooderham last year mln u dlrs gulf canada corp acquired pct court pact hostile battle wine spirits division hiram walker resources ltd getting along well partners hope change could holden brown told reporters speech toronto said allied lyons two year call option could force gulf canada sell pct stake allied lyons gulf canada two year put option could allied lyons buy pct gulf hope much occasion either put call exercised holden brown said answer question holden brown said would possible gulf canada sell part pct public offering allied lyons consent think would objection added allied lyons maintains control hiram walker gooderham board directors total responsibility management cannot giving control said holden brown would disclose big profit contribution make allied lyons financial results said substantial able give profit forecasts said holden brown said allied lyons able finance hiram walker gooderham acquisition cash borrowings current plans stock issue said company currently negotiating acquisitions canada team officials evaluating possible purchases wines spirits soft food concerns think shall looking brewery highly concentrated already added holden brown said allied lyons plans list shares canadian stock exchanges possibly later year reuter
international hotels corp th qtr shr profit cts vs loss cts oper net profit vs loss revs mln vs mln year oper shr profit dlrs vs loss dlrs oper net profit mln vs loss revs mln vs mln note year net excludes dlr tax credit net includes pretax gains sale property dlrs quarter mln dlrs year reuter
wilson foods corp wilf nd qtr jan net oper shr profit cts vs loss cts oper net profit vs loss sales mln vs mln st half oper shr profit cts vs loss dlrs oper net profit vs loss mln sales mln vs mln note prior half net includes pretax charge mln dlrs plant closings workforce reductions current year net excludes tax credits dlrs quarter dlrs half reuter
vms mortgage investors l p div nine cts vs nine cts prior payable may record april one reuter
giant food inc th qtr feb net shr cts vs cts net mln vs mln revs mln vs mln year shr dlrs dlrs net mln vs mln revs billion vs billion note weeks vs weeks th qtr weeks vs weeks reuter
controls inc rd qtr dec loss shr loss dlrs vs loss cts net loss vs loss revs vs nine mths shr loss dlrs vs loss cts net loss mln vs loss revs vs mln note net losses dlr charge discontinued operations building management system sold system inc jan reuter
general host corp sets quarterly qtly div six cts vs six cts prior pay april three record march reuter
unit merge ontario group groupe inc said plans merge new wholly owned subsidiary merger agreement cap appliance purchasers inc woodstock ontario group appliance electronics retailers said cap shareholders receive first preferred groupe shares entitling holders receive dlrs per share class subordinate voting shares merger effective april one subject shareholder approval reuter
utilicorp ucu acquires dominion subsidiary utilicorp united inc said closed previously announced acquisition west virginia power dominion resources inc mln dlrs reuter
dillard department stores inc th qtr net qtr ended jan shr dlrs vs dlrs net mln vs mln revs mln vs mln avg shrs mln vs mln mths shr dlrs vs dlrs net mln vs mln revs billion vs billion avg shrs mln vs mln note shr avg shrs data show split nov reuter
manufacturing corp th qtr net qtr ended jan shr cts vs cts net vs revs mln vs mln year shr dlrs vs dlrs net vs revs mln vs mln note figures include losses discontinued operations qtr dlrs vs dlrs year earlier year dlrs vs dlrs year ago reuter
morrison sees year net falling morrison corp said earnings likely lower due lower expected growth engineering construction previously predicted decline earnings national steel shipbuilding unit company earned mln dlrs including pretax gains mln dlrs pension income dlrs settlement pension obligations mln dlrs said lower expected levels new work booked last quarter first two plus months year delayed expected growth engineering construction area company said remain profitable results strengthen year progresses attributed decline new work bidding standards competitive market reuter
thai coffee exports rise thai coffee exports rose tonnes year earlier customs department said reuter
sheppard resources merge sheppard resources inc said signed letter intent merge centers inc owner operator provide services early terms disclosed merger centers shareholders would become majority shareholders combined company also approved sheppard change name centers reuter
japan unemployment falls february japan seasonally adjusted unemployment rate fell pct february record pct january government management coordination agency said january level worst since goverment started compiling unemployment statistics current system unemployment pct year earlier unadjusted february unemployment totalled mln people mln january mln year earlier male unemployment february remained pct equal second highest level set january december record male unemployment pct set july unemployment rose record pct february previous record pct marked january april august september december last year japan employment condition still severe february non rate unemployment february fell percentage points pct pct january agency official said employment manufacturing industries fell year earlier mln people february due yen continued appreciation employment non manufacturing industries rose mln manufacturing industries employment textile industry fell mln february ordinary precision machinery industries fell mln reuter
belcher raise heavy fuels prices belcher co new york subsidiary coastal corp cgp said raise posted prices number six fuel new york cts dlrs barrel depending grades effective march new prices pct sulphur dlrs one dlr pct sulphur dlrs dlrs pct sulphur dlrs dlrs one pct sulphur dlrs one dlr two pct sulphur dlrs cts pct sulphur dlrs cts pct sulphur dlrs cts pct sulphur dlrs cts reuter
pep sets split raises quarterly moe jack inc said board declared three one stock split raised quarterly dividend six cts presplit cts payable july holders record july one split subject shareholder approval may annual meeting increase authorized common shares mln mln company said reuter
belgian government cut financial requirement belgian prime minister martens announced parliament plan reduce government financing requirement billion francs said enable requirement held billion francs previous government target billion eight pct gross national product martens said following lowering government estimates nominal gnp growth government departments spending government calculated unless action taken requirement would exceed target billion francs martens said plan involved raising non fiscal receipts billion francs reducing spending billion remaining billion francs raised treasury operations martens said money found series small economies confirmed includes raising two billion francs sale part government pct holding gas company last year government announced major program designed cut spending billion francs program designed get belgium government said effect government borrowed finance budget deficits due largely cost servicing repaying existing debt government financing requirement estimated billion francs pct gnp reuter
ccc credit guarantees el salvador commodity credit corporation ccc two mln dlrs credit previously earmarked sales u protein meals cover sales vegetable oil tallow el salvador u agriculture department said action reduces coverage sales protein meals mln dlrs mln dlrs new lines one mln dlrs tallow one mln dlrs vegetable oils department said sales credit guarantee lines must registered exported said guarantee rates include charge provide yearly interest rate coverage pct guaranteed value department said reuter
texstyrene corp foam mths dec loss shr loss cts net loss revs mln avg shrs mln note company went public february reuter
u japan trade war uk interest lawson u k chancellor exchequer nigel lawson said united states japan must work avert possible trade war added trade war would interests britain lawson told journalists prospects u k economy look good providing avoid trade war stressed heavy different ways lies japan united states ensure avoid trade war asked whether believed trade war could lawson replied much hope britain last week warned would retaliate japan move soon open markets outside competition prime minister margaret thatcher gave notice u k would fight japanese government attempt prevent cable wireless plc cawl l taking significant position new japanese international telecommunications venture british officials trying dampen anti japanese rhetoric try keep developments control british conservative government thursday consider legal options available try increase u k access japanese markets officials said reuter
grease monkey holding corp year nov shr nil vs nil net vs revs vs reuter
failing washington state l acquired federal home loan bank board fhlbb announced acquisition home savings loan association seattle washington savings bank oak harbour washington fhlbb said home savings th troubled savings institution requiring federal action year said home savings assets mln dlrs assets assets mln dlrs reuter
peripheral systems buy company peripheral systems inc said agreed principle acquire outstanding shares inc agreement calls exchange one share peripheral share subject approval companies boards said peripheral said increased involvement development nuclear battery technology made merger practical reuter
anglo american j year dec shr cts vs final div vs making vs pre tax mln rand vs mln net mln vs mln tax mln vs mln att outside shareholders mln vs mln div mln vs turnover billion vs billion div pay may register march note full name anglo american industrial corp ltd reuter
world bank report peru economic plan confidential world bank report peruvian economy said government strategy offer good prospects medium long term growth likely quickly lead inflation report published today economic monthly peru report said success president alan garcia government stimulating output last year achieve eight pct gross domestic product growth represents gains short term expense long government officials immediate comment report advised reduction overall size public investment programme greater emphasis peru export potential report said although government succeeded cutting inflation pct year first half pct stabilisation programme increasing difficulties early renewal inflationary pressures linked monetary expansion exchange rate devaluation easing price controls appears added
dallas corp dls th qtr loss oper shr loss cts vs profit cts oper net loss vs revs mln vs mln mths oper shr profit cts vs profit cts oper net profit vs profit revs mln vs mln note oper net excludes loss discontinued operations dlrs cts share year ago qtr dlrs dlrs share year ago mths reuter
franklin insured tax free sets payout mthly div cts vs cts prior pay march record march note franklin insured tax free income fund reuter
chemlawn corp said talking new suitors acquired
ipco corp regular dividend qtly div nine cts vs nine cts prior qtr payable may one record nine reuter
cummins engine sees improved earnings cummins engine co said told shareholders higher engine orders north american heavy duty truck market result improved earnings first quarter cummins said company make progress year next toward goal five pct profitability cummins recorded net income dlrs cts per share sales mln dlrs said expects north american heavy duty truck production total units pct increase cummins said expects capital expenditures total mln dlrs mln dlrs year reuter
gencorp gy unit sell los angeles tv station gencorp said rko general subsidiary agreed sell khj tv los angeles walt disney co dis mln dlrs cash plus working capital adjustments closing company said agreement principle rko application renew station broadcast license would dismissed competing application fidelity television would granted disney would acquire privately held fidelity mln dlrs adjustments renewal khj tv license challenged regulatory proceedings years deal subject prior approval federal communications commission company said late gencorp cut deal fidelity los angeles investor group westinghouse electric corp wx settle license proceedings sell khj tv mln dlrs pct would go westinghouse remainder fidelity jan westinghouse withdrew deal fcc would approve early gencorp rko agreed sell wor tv n j mca inc mca mln dlrs fcc approved transaction several parties appealed fcc said would rule appeals according akron ohio based gencorp fidelity television originally filed competing application rko license khj independent station fcc rko licensee tv boston citing anti competitive trade practices inaccurate financial reporting agency causing previously granted rko new york wor los angeles khj denied reuter
completes acquisition financing inc said closed financing portion previously announced acquisition approximately hotel inc three mln dlr financing package provided sanwa business credit corp subsidiary sanwa bank ltd japan company said reuter
correction shaw supermarkets earnings item headlined shaw supermarkets inc shaw year jan please read per share earnings drs vs dlrs correcting order results reuter
ultramar net loss mln stg vs mln profit
cont l illinois sees months brazil debt talks continental illinois corp cil chairman john swearingen said sees negotiations reschedule brazil debt payments taking least three six months brazil declared last month moratorium payment interest medium long term debts moratorium expected entire time debt talks way believe take three six months maybe longer arrangement worked reschedule brazil debt swearingen told reporters press briefing think brazil pay debts long run long run swearingen said earlier bank holding company said brazil may force increase non performing loans mln dlrs reduce pretax net income mln dlrs first quarter mln dlrs full year bank decide march whether loans non performing william chairman continental illinois national bank trust co chicago continental largest subsidiary said response inquiry said affect pretax net income equally banking firm tax credits use swearingen predicted increase operating profits sees higher income reduced expenses continental reduce expenses job cuts reducing office rental costs cut positions net profits mln dlrs cts share mln dlrs cts share bank transferred mln dlrs poor quality loans assets federal deposit insurance corp fdic transfer bad loans terms restructuring agreement government bank transfer remaining mln dlrs entitled transfer fdic september swearingen said choose loans based ultimate loss rather immediate effect non performing loans bank loans midwest middle market rose pct time overall weak loan demand u concerning banking acquisitions swearingen said bank would like buy additional suburban chicago banks bought three small suburban banks swearingen said concerned continental taken bank midwest region large enough buy new york money center banks prohibited law buying illinois banks said however fdic still control eventually firm still holds equivalent mln common shares total mln fdic sold mln shares public last year said intends sell rest quickly possible agency received shares part billion dlrs bank swearingen came retirement head banking firm oil industry executive said retire three year period agreed continental chairman ends august would comment successor bank expand first options chicago options unit tokyo swearingen said said doubtful lending japan occur country need external sources cash reuter
corp nd qtr jan net shr three cts vs cts net vs sales mln vs six mths shr cts vs cts net vs sales mln vs mln reuter
systems health care inc year loss shr loss cts vs nil net loss vs profit revs vs note per share results give retroactive effect one reverse stock split march loss includes recurring expenses dlrs related acquisitions initial advertising reuter
reuters buy p sharp canada reuters holdings plc l said agreed principle buy p sharp associates ltd toronto mln stg sharp time sharing network company finance economics energy aviation operates global switching network global limits systems foreign exchange trading sharp shareholders offered cash shares two settlement acquisition subject canadian government approval would created company reuters said given options number sharp shareholders covering pct common stock pending completion reuters review company sharp operates offices countries reported revenue mln canadian dlrs pretax loss mln compared mln profit however sharp said internal accounts showed company profit first two months end net assets totalled mln dlrs reuters statement said acquisition would fit perfectly package banking securities industries reuter
marathon petroleum reduces crude postings marathon petroleum co said reduced contract price pay grades crude oil one dlr barrel effective today decrease brings marathon posted price west texas intermediate west texas sour dlrs bbl south louisiana sweet grade crude reduced dlrs bbl company last changed crude postings jan reuter
commission approves rainbow progressive merger commerce commission approved proposed merger progressive enterprises ltd rainbow corp ltd rainbow said statement merger involves formation new company astral pacific corp ltd acquire shares companies one one share exchange basis rainbow earlier week lifted stake progressive pct pct statement said new private company corp ltd fully owned rainbow directors gary lane purchase stake undisclosed cash sum commission also approved acquiring pct astral pacific rainbow said brierley investments ltd frequent merger launched full bid progressive n z dlrs share last monday reuter
striking brazil seamen threaten mass resignation striking seamen said would offer collective resignation rather end day old national strike management terms seamen said spurred decision marines occupied ship santos harbour tuesday night said seamen vessel forced work president jose sarney government troops brazil ports oil installations tuesday seamen santos brazil main port mood one leaders santos told reuters seamen port offered wednesday national strike headquarters rio de janeiro said seamen offering resign country main ports strike seamen comes brazil faces serious debt crisis brought sharp deterioration trade balance country needs foreign exchange get shipowners quick seamen harm strike exports advertisement placed newspapers shipowners association read seamen strike illegal seamen respond cannot live present salaries according pay lists available union office basic pay ordinary seamen cruzados month various allowances bring total pay cruzados month end scale earn cruzados month basic pay brought cruzados allowances brazil seamen second worst paid world ghana santos said said seamen received pay increase since february prices doubled since collapse government cruzado plan price freeze talks rio de janeiro wednesday involving labour minister almir pazzionotto seamen employers failed resolve dispute seamen demanding pay raises pct offered less half reuter
turkish inflation increases march inflation turkey pct march compared pct february pct march state statistics institute said annual rate rose pct march compared pct february pct march government target reduce inflation year annual pct consumer price index base compared february march reuter
ec industry output growth slows european community industrial output increased average around two pct last year compared pct growth recorded year earlier ec statistics office eurostat said growth highest portugal five pct greece output contracted pct eurostat said statement eurostat noted output growth also fell u japan u production increased pct pct japan output contracted pct rising pct year earlier eurostat said ec industrial production december rose pct compared months earlier added adjustment seasonal factors output growth clearly slowing since beginning reuter
oxford first corp th qtr net oper shr cts vs cts qtly div six cts vs six cts prior oper net vs revs vs year oper shr dlrs vs one dlr oper net vs revs mln vs mln note net excludes losses discontinued operations dlrs vs dlrs quarter dlrs vs dlrs year dividend pay may five record april share adjusted three two stock split reuter
singapore government takes goodwood shares singapore government taken mln dlrs worth goodwood park hotel ltd shares loan stock certificates belonging company chairman teck banking sources said major shareholder national bank bhd closed november authorities alleged pct loans billion dlrs extended related firms without documentation guarantee goodwood securities held commercial affairs investigation department banking sources said department declined comment government move aimed protecting goodwood minority shareholders securing goodwood deposits banking sources said goodwood total mln dlrs fixed deposits bank balances accrued interest due last november according goodwood annual report reuter
investor group cuts systems stake group led new york investors david said lowered stake systems inc shares pct total outstanding shares pct filing securities exchange commission group said sold common shares feb march prices ranging dlrs share long group stake five pct longer required report dealings company common stock reuter
thermo process acquisition terminated thermo process systems inc said proposed acquisition surface combustion division privately held midland ross corp terminated mutually satisfactory terms could established reuter
unicorp voting stake union enterprises union enterprises ltd said holders mln pct class series one preferred shares requested shares terms issue thus raising unicorp canada corp voting stake union pct union said paid mln dlrs april using existing credit lines reuter
brown forman sets stock split ups payout brown forman inc said board approved three two stock split pct increase company cash dividend company cited improved earnings outlook continued strong cash flow reasons raising dividend brown forman said split class class b common shares would effective march company said directors declared quarterly cash dividend new share classes cts payable april one holders record march prior split company paid cts quarterly brown forman today reported pct increase third quarter profits mln dlrs dlr share seven pct increase sales record mln dlrs brown forman said nine month profits declined bit mln dlrs dlrs share mln dlrs dlrs share year earlier due second quarter charge cts share restructuring beverage operations company said lower corporate tax rates restructuring expected substantially improve brown forman earnings cash flow fiscal reuter
mixed asian reaction new rubber pact governments major asian producing countries welcomed conclusion new international natural rubber agreement inra growers traders unhappy development according views polled reuter correspondents officials malaysia indonesia thailand produce bulk world rubber said expected new pact continue stabilise prices help rubber industries remain viable long term traders growers said new pact buffer stock mechanism likely free market forces prevent sharp rubber price rises new inra replace current one expires october formally adopted world producers consumers geneva last friday open signature u n headquarters new york may december year enter force provisionally ratified countries accounting pct world rubber exports pct world imports malaysian primary industries minister said formal adoption new pact fears liquidation tonnes inra buffer stock rubber possible depression prices expressed confidence new inra would continue keep prices stable selling buying rubber prices rose fell buffer stock system malaysia also happy new inra financing purchases normal buffer stock tonnes contingency buffer stock tonnes would done direct cash contributions members said existing pact members borrow banks finance inra buffer stock purchases viewed concern members fear inra may become indebted ultimately face collapse like international tin agreement ensure buffer stock operation carried without financial said malaysia world largest producer seeking cabinet approval join new inra hoped producers consumers would also become members said officials jakarta said new pact would bring benefit indonesia rubber industry stabilising prices unlikely collapse like tin agreement new financial provisions tightened said thai officials told reuters optimistic new pact viable strictly limited extent debt inra buffer stock manager might commit market operations malaysian growers however said preferred free rubber market inra tendency keep prices levels acceptable consumers inra ability keep prices certain stable level consumers assured rubber almost fixed price producers may never see sharp price rises malaysian rubber producers council source told reuters producers also wanted free rubber market without overhang tonne inra buffer stock prevented price rises said state officials sri lanka said prices depressed since inra creation buffer stock seemed unlikely rise sri lanka member inra expensive maintain buffer stock added traders region meanwhile said prices might pressured new pact long term potential stabilise prices buffer stock capacity would spur producers produce malaysian singapore traders said new pact conclusion little impact prices unlikely allow sharp price fluctuations future tonnes inra buffer stock must free market returned malaysian trader said japanese traders said new pact chance success world producers consumers adopted questioned ability financially producers finance buffer stock operations reuter
u senate panel makes conservation exemption u senate agriculture committee approved measure would exempt farmers planted multiyear federal conservation requirement sen edward said bill would restore equity federal rules currently deny farm program benefits farmers planted multiyear without plantings row crop official leading conservation group asked identified said panel move unfortunate first action could lead exemption potentially millions acres regulations established farm bill reuter
britain warns japan trade row british corporate affairs minister michael howard told japan resolve row u k firm cable wireless plc cawl l shareholding new japanese telecommunications company face deterioration trade relations meetings foreign telecommunications ministers howard said expressed deep concern way tokyo handled dispute continuing trade imbalance two countries put post telecommunications minister sure want responsible deterioration trading relations countries would widespread elsewhere world howard told reporters carefully little doubt message got home added british frustration lopsided trade balance nearly six billion dlrs japan favour last year reached point telecommunications issue howard said howard accused japan trying shut cable wireless major role international telephone market japan want fair cable wireless want fair britain generally trading relations howard said simply prepared continue accept imbalance position long time post telecommunications ministry officials unable comment howard meeting minister foreign ministry officials said foreign minister said british exports japan increasing acknowledged continuing imbalance trade said wants everyone telecommunications dispute including cable wireless satisfied howard told reporters britain actively considering possible retaliatory measures get way telecommunications issue measures consideration continue suffer imbalance trading relations added gave details said received response japanese course signs japanese quite time added made plain expect see action howard ruled using powers britain financial services bill retaliate unfair trade practices powers allow london ban foreign financial firms like banks britain designed ensure u k firms equal access overseas financial markets reuter
bfi communications systems inc th qtr loss shr loss cts vs loss cts net loss vs loss revs vs year shr loss cts vs loss dlrs net loss vs loss revs vs avg shrs vs reuter
forum four ends beverly purchase deal forum group inc said terminated agreement principle buy eight retirement living centers six states beverly enterprises due failure reach definitive agreement reuter
shoe town inc year ended jan three shr cts vs cts net vs revs mln vs mln note year net includes loss dlrs eight cts share dlrs one ct share respectively discontinued operations year ended december reuter
n z quarterly current account deficit narrows new zealand current account deficit quarter ended december narrowed mln dlrs mln revised mln september quarter mln year earlier statistics department said deficit year ended december narrowed billion dlrs billion dlrs revised billion year ended september deficit calendar billion december quarter showed mln dlr surplus merchandise trade unchanged september quarter surplus revised mln dlrs december quarter showed mln dlr deficit imports december quarter billion billion september quarter year earlier exports billion billion billion imports year ended december billion dlrs compared billion exports billion billion government borrowing stood billion dlrs calendar billion borrowing december quarter rose billion september quarter mln year earlier repayments stood billion year billion repayments december quarter accounted billion dlrs mln september quarter mln year earlier official reserves totalled billion dlrs end december compared billion end september billion one year earlier reuter
gas electric co dividend qtly dividend cts vs cts pay april record march reuter
pharmacia ab st year sales billion crowns vs billion profit financial items mln crowns vs mln results include writedown mln crowns intangible assets mainly know paid takeover number high tech companies group pharmacia said earnings per share real tax including writedown crowns vs crowns earnings per share real tax including writedown crowns vs earnings per american receipt according u accounting principles real tax including writedown crowns vs crowns earnings per according u accounting principles real tax without writedown crowns vs one represents pct one b free share pharmacia board proposed dividend crowns vs reuter
fed sets billion dlr customer repurchase fed says
test corp nd qtr jan net shr cts vs cts net vs revs mln mln six mths shr cts vs cts net vs revs mln vs mln reuter
corp rd qtr jan loss shr loss two cts vs loss four cts net loss vs loss sales vs nine mths shr loss seven cts vs loss three cts net loss vs loss sales vs note prior nine mths net includes dlr loss sale marketable securities prior quarter net includes dlr tax credit current year net includes provisions loss investment preferred stock dlrs quarter dlrs nine mths reuter
systems health care one split systems health care inc said company one reverse stock split said common shares outstanding quoted price bid compared shares outstanding prior split another recent development systems health care formally changed name present form corp reuter
continental air holders get payment texas air corp said settlement class action litigation mutual shares corp former minority shareholders continental airlines inc receive additional dlrs per share february texas air acquired minority interest continental already dlrs per share mutual challenged adequacy price texas air said former continental holder sought appraisal rights delaware law may continue seek appraisal remedy delaware chancery court accept settlement drop appraisal process texas air said settlement terms relating employee continental receive options texas air give details company said settlement subject approval delaware chancery court expected take days reuter
inc sets payout qtly div four cts vs four cts prior pay april record april three reuter
bilzerian ups pay n pak pnp stake pct investor paul bilzerian said may seek control pay n pak stores inc said raised stake company one mln shares pct total shares pct filing securities exchange commission bilzerian financial corp tampa fla investment firm controls said bought shares pay n pak common stock march prices ranging dlrs share bilzerian last week said considering raising stake company seeking board seat control reuter
products inc nd qtr feb net shr cts vs cts net vs sales vs st half shr cts vs cts net vs sales vs reuter
bank british columbia st qtr jan net oper shr loss two cts vs profit three cts oper net profit dlrs vs profit year period ended october oper shr loss cts vs profit cts oper net loss vs profit assets billion vs billion note st qtr net excludes extraordinary loss mln dlrs six cts shr yr net excludes extraordinary loss mln dlrs dlrs shr involving mln dlrs costs sale bank assets hongkong bank canada eight mln dlrs contingent liabilities respect litigation potential tax u mln dlrs deferred tax bank assets sold hongkong bank canada unit hong kong shanghai banking corp nov shr preferred divs reuter
swiss february trade deficit mln francs switzerland trade deficit mln swiss francs february compared revised mln deficit january mln shortfall february federal customs office said february imports billion francs exports billion imports rose real terms pct february exports rose real pct office said improvement terms trade left deficit smaller last year last february figure also hit import two passenger aircraft reuter
group boost fairchild industries stake investor group led new york investor george soros said dissatisfied fairchild industries inc management considering boosting holdings much pct aerospace aviation company outstanding stock group already controls fairchild industries shares pct total outstanding group said filed wednesday federal antitrust regulators advance clearance buy enough additional shares increase total stake pct total outstanding stock group said representatives met fairchild industries officials believe management successful enhancing protecting shareholder values said considering additional share purchases enable greater degree influence future management policies issuer said decision specific level share ownership would seek depended market prices future changes management policies available financial resources factors group said also reserved right pursue measures intended influence fairchild management policies either alone concert investors group includes soros quantum fund offshore investment firm headquartered netherlands antilles advised soros group said since last sec filing made jan purchased additional fairchild shares sold shares new york stock exchange jan fairchild industries official later said soros told company dissatisfied management contrary filing mr soros told company today dissatisfied management fairchild bill told reuters however said company would nothing say time soros disclosure may buy enough additional fairchild shares hold much pct company outstanding stock reuter
klm talks british commonwealth klm royal dutch airways klm said agreed take full control partially owned dutch based delivery service offer minority stake british commonwealth shipping plc bcom l klm seeking strengthen market position fast growing door door delivery market said agreed dutch retailer vendex international take vendex pct jointly owned courier xp system ownership xp brought talks started klm last week british commonwealth one third stake latter iml air services group ltd courier announcing negotiations british commonwealth last week klm said buying minority stake iml could involve convertible loan issue klm spokeswoman said dutch flag carrier would offer minority stake xp british commonwealth negotiations iml declined elaborate financial aspects talks said klm would like two courier services cooperate future exclude future merger combine iml strong world wide network xp mainly european activities xp system based southern dutch airport annual turnover mln guilders klm also negotiating british commonwealth pct stake latter regional airline air u k ltd says door door delivery courier services seeing substantially faster growth traditional cargo activities reuter
hrs reducing stake hal roach international h r industries inc said would reduce stake hal roach studios inc pct pct return mln u dlrs qintex inc qintex america media ltd unit h r said deal first stage march would sell qintex hal roach shares seven u dlrs share total mln dlrs roach repay h r mln u dlrs advances qintex also complete mln u dlr buy mln roach treasury shares seven dlrs provide roach mln u dlrs financing expansion h r said h r said agreement also provided second stage one year put option exercisable one year closing sell qintex part two mln roach shares u dlrs share said qintex day call option exerciseable nine months closing buy h r part one mln roach shares greater dlrs average roach share price three months exercise date qintex also acquire another mln roach treasury shares seven dlrs share months another mln dlrs h r said reuter
group material sciences stake investor group led central national inc new york investment firm executive vice president said cut stake material sciences corp less five pct filing securities exchange commission group said sold material sciences common shares feb prices ranging dlrs share leaving shares pct long group stake remains five pct required disclose dealings material sciences common stock reuter
richmond hill rich end merger talks richmond hill savings bank savings bank fsb said terminated previously announced merger negotiations banks gave reason ending talks began january reuter
esselte ab st results group profit net interest items mln crowns vs mln sales billion crowns vs billion estimated profit per share crowns vs proposed dividend four crowns vs reuter
bank england signals half point cut short term rates dealers
veba share placement still expected month sale government pct stake veba ag f still expected month banking sources closely linked transaction said spokesman finance ministry said exact date yet set privatisation government tabled second half march however added scandal volkswagen ag vowg f vw currency losses nothing timing veba sale finance minister gerhard stoltenberg said sale federal government stake vw originally scheduled later year may delayed currency affair banker involved veba placement said nothing changed planning still take place second half march banker said would reason postpone issue mln veba shares days added consortium arranging deal completed work although price decided veba share weaker ahead placement west german stocks generally bearish news vw scandal last week put pressure market reuter
final trust thrift institutions payout set massachusetts financial services co said set final income capital gain distributions trust thrift institutions high yield series dlrs dlrs respectively payable today reuter
world bank chief pledges support indonesia world bank president barber conable pledged bank support help indonesia adjust lower world oil prices said deregulation protected economy needed speaking reporters talks president suharto said expected jakarta liberalise economy deregulate trade policy indonesia hurt fall oil prices last year cut value crude exports half third world sixth largest debtor received billion dlrs world bank past years conable said world bank granted indonesia mln dlr loan last month help balance payments prepared back jakarta taking right steps adjust lower oil primary commodity prices prepared support steps believe consistent development indonesian economy said said jakarta willingness move quickly last year collapse oil price saved indonesia difficulties faced countries indonesia devalued currency pct dollar september avoid balance payments crisis announced series measures since may intended stimulate exports encourage foreign investment economy however key monopolies areas like steel plastics high tariff barriers remain place conable arrived indonesia saturday since met indonesian cabinet ministers review country borrowing needs impact falling oil prices country reuter
north atlantic technologies th qtr shr loss cts vs loss cts net loss vs loss revs vs year shr loss cts vs loss cts net loss vs loss revs vs note full name north atlantic technologies inc reuter
bond corp international ltd nine dec shr loss h k cents comparison dividend nil comparison net loss mln dlrs notes net excluded extraordinary losses mln dlrs property valuation reserve surplus mln dlrs results reflected trading subsidiary estate group excluded influence bulk properties firm bought late last year hongkong land co ltd hk billion dlrs company controlled bond corp holdings ltd australia reuter
rent center rent votes split rent center inc said directors approved three two stock split payable april record april reuter
san paolo di acquire bank italian state bank san paolo di said fully owned san paolo u holding co wilmington u signed letter intent acquire valley national bank california san paolo said statement subject obtaining official authorization relevant bodies would merge valley national bank subsidiary first los angeles bank value planned acquisition disclosed reuter
ford motor co canada ltd cuts annual div annual div six dlrs vs dlrs prior pay march record march note payout includes two dlrs share extra dividend payout includes four dlrs share extra dividend reuter
great atlantic pacific tea co gap th qtr oper shr cts vs cts oper net mln vs mln sales billion vs billion avg shrs mln vs mln year oper shr dlrs vs dlrs oper net mln vs mln sales billion vs billion avg shrs mln vs mln notes results week periods ended feb week periods ended feb operating net excludes credits tax loss carryforwards none vs mln dlrs cts share quarter mln dlrs cts share vs mln dlrs cts share year company stores year end vs year earlier reuter
foote mineral sells cambridge plant foote mineral co said signed letter intent corp wholly owned subsidiary inc sale cambridge ohio business company said sale explained greater detail definitive agreement signed part foote previously announced plan sell entire company reuter
first union func buy florida bank first union corp said agreed acquire first state bancshares inc pensacola fla first state bank pensacola subsidiary common shares first state assets mln dlrs acquisition expected treated pooling interests expected completed third quarter subject approval regulatory agencies first state shareholders reuter
u bank discount borrowings mln dlrs u bank discount window borrowings less extended credits averaged mln dlrs week wednesday march federal reserve said total borrowings week rose mln dlrs mln dlrs extended credits three mln dlrs mln dlrs week first half two week statement period net borrowing prior week averaged mln dlrs commenting two week statement period ended march fed estimated banks daily average net free reserves mln dlrs rather mln dlrs first reported fed spokesman told press briefing large single day net fed reserve projections first week latest bank statement period none large money center banks borrowed discount window week wednesday borrowing made smallest banks week whole borrowing split roughly large small banks natural float ranged low near zero thursday fed spokesman could give particular reason high nearly mln dlrs tuesday tuesday peak included mln dlrs transportation float mid south atlantic states noting weather basically good march spokesman said transportation float averaged mln dlrs day full week float related negative mln dlrs due number unrelated cash letter error corrections five peaked mln dlrs tuesday reuter
general cinema corp common stock dividend qtly div cts vs cts prior pay april april nine reuter
february fomc votes unchanged monetary policy federal open market committee february meeting voted nine one maintain existing degree reserve restraint minutes showed fomc issued inter meeting policy gave greater possibility firmer rather easier policy committee set six seven pct january march annualized growth target goal prior meeting mid december fomc set seven pct target november march february fomc kept four eight pct federal funds rate reference range policy recent meetings telephone conference february committee members discussed possible implications decisions reached paris u intervention foreign exchange markets conclusions contained minutes inter meeting policy february fomc said somewhat greater reserve restraint would slightly lesser reserve restraint might acceptable depending aggregates taking account strength business expansion developments foreign exchange markets progress inflation conditions domestic international credit markets february fomc voted nine one unchanged policy thomas st louis federal reserve bank president favored tightening reserve conditions noted strong growth bank loans november january firm federal funds rate despite extraordinary pace reserve growth also cited recent declines dollar value finally looking ahead pointed potential rise inflationary expectations believed prompt restraints might avert need substantial tightening later regarding inter meeting policy adjustments fomc minutes showed members generally felt policy implementation especially alert potential need firming reserve conditions view fomc said somewhat greater reserve restraint would warranted monetary growth slow line current expectations indications inflationary pressures background stronger economic data one indication potential price pressure might tendency dollar weaken minutes showed one member preferred easing weeks ahead however members want rule possibility slight easing inter meeting period although view conditions move likely emerge fomc members assumed future fluctuations dollar value would sufficient magnitude significant effect fed economic projections addition anticipated considerable progress would made reducing federal budget deficit reuter
canadian pacific seeks buyer maple leaf unit canadian pacific ltd said retained wood gundy inc seek buyer maple leaf mills ltd toronto company said maple leaf sales mln canadian dlrs tax profit mln canadian dlrs diversified company produces sells industrial consumer flour flour based products goods also operates fully integrated poultry business business markets livestock poultry feed distributes grain network country terminal reuter
swift independent co st qtr net periods ended january net vs revs mln vs mln reuter
nobel sell singapore holding nobel industries sweden sa st said arms subsidiary ab plans sell pct stake allied ordnance co singapore ltd part weapons exports swedish law events unacceptable highly incidents company history nobel chairman erik told news conference nobel managing director said internal inquiry revealed extensive network international arms smuggling reuter
first interstate estimates brazil risks first interstate bancorp said pre tax income could reduced mln dlrs decides mln dlrs medium long term loans brazil nonperforming company stressed filing securities exchange commission believes soon debt despite brazil feb suspension direct interest payments medium long term loans corporation believes premature make medium long term debt nonperforming time first interstate said first interstate said brazil suspension interest payments continues may loans nonperforming place non accrual meaning interest previously accrued paid would net income interest would longer accrued besides medium long term debt first interstate said also mln dlrs short term loans trade lines brazil dec nonperforming brazilian mln dlrs said reuter
shv says making tender offer mln shares ic gas
bci holdings sell water division bci holdings corp said u food corp retained shearson lehman brothers inc assist sale national water business said products subsidiary based park calif sold brand name california arizona name texas great bear name northeastern states reuter
corp th qtr net shr cts vs cts net vs revs mln vs mln year shr dlr vs dlr net vs revs mln vs mln note th qtr year net includes income loss subsidiary dlrs dlrs cts per share respectively th qtr year net includes loss unit dlrs dlrs cts per share respectively reuter
talking point piedmont pie carl icahn bold takeover bid usair group u clouded fate piedmont aviation inc usair yesterday icahn transworld airlines inc twa made billion dlr offer usair group move complicated usair takeover offer piedmont believed close accepting bid today usair rejected icahn dlr per share offer said bid last minute effort interfere takeover piedmont icahn unavailable comment piedmont fell one volume twa usair fell doubt spread would taken analysts market sources view twa bid attempt either trigger counter offer usair attract suitor might want airlines merged next move either icahn starts tender offer piedmont usair announce deal speculated one arbitrager arbitragers said risk current price piedmont since clear usair bid succeed piedmont largest shareholder suitor norfolk southern corp nsc offered dlrs per share company usair offered dlrs cash per share half piedmont stock dlrs per share stock balance arbitragers however believe depressed price piedmont offers buying opportunity since airline destined acquired someone usair said least likely bought icahn long talked consolidation airline industry also offered usair alternative three way airline combination including twa piedmont wall street given little credibility icahn offer lacked financing contingencies still succeeded holding merger two airlines analysts said would fit well twa discount said one arbitrager analysts however said icahn would prove serious following threats making new offer making offer usair icahn threatened go directly shareholders pct stock lower price usair rejected offer clear icahn wants sell said one arbitrager analysts said dlr per share offer six dlrs per share analysts believe icahn proposed three way airline combination might face regulatory others believe could cleared companies acquired separately twa would surviving company deal work said one analyst analysts said merger would costly complicated twa best cost structure since icahn succeeded winning concessions unions order carriers come twa wage scale merger twa would surviving entity analysts said move necessarily free icahn twa said said showed reducing airlines costs merged twa last year might necessary ingredient merger work however analysts speculated piedmont usair would tolerate icahn head new company said usair acquisition twa might way company usair airline merged twa reuter
merrill corp th qtr jan net shr cts vs cts net vs revs mln vs mln year shr cts vs cts net vs revs mln vs mln avg shrs vs reuter
senior u official visit japan trade row grows undersecretary state michael armacost visit tokyo next week meetings high level officials include discussions growing trade row japanese semiconductor electronics products first high level u official visit japan since president reagan announced last week plans impose tariffs worth mln dls japanese electronic goods april retaliation tokyo alleged failure live pact microchip trade signed last september trip set april state department said reuter
viacom via sets record date merger vote viacom international inc said set april record date shareholders entitled vote special meeting held vote proposed merger arsenal acquiring corp wholly owned subsidiary arsenal holdings inc viacom said date special meeting yet determined reuter
talking point copper stocks copper shares behind market pick steam year stronger demand improving prices metal analysts said copper prices move next four six quarters said daniel roling merrill lynch co mer see average copper prices cts pound around cts based tight supply continued world economic growth analysts see metal prices ranging cts pound year cts analysts said phelps dodge corp strong largest u copper producer asarco inc pct total sales copper newmont mining corp nem also potential winners said newmont spinning pct copper operations shareholders phelps best stock play benefits higher copper prices one said william smith barney harris upham co said phelps lowered costs streamlined mining operations great deal said company move carbon black product used tires provide steady earnings although rapid growth hedge copper downturn said estimates phelps earn dlrs dlrs including tax benefits versus dlrs analysts including morrison dean witter reynolds inc merrill roling also recommend phelps morrison projects phelps earn dlrs four dlrs roling sees earnings dlrs year around dlrs next year stock go mid roling said current level around others see phelps dodge costs low need copper prices higher cts make lot money said ball inc shares market next months said prudential bache securities inc says newmont mining attractive investment rather place newmont way see significant premium current stock price said spinoff closes next month newmont gold operations including pct newmont gold co pct stake copper unit energy operations noted analysts see newmont earning dlrs three dlrs dlrs versus earnings dlrs operations buying said last week stock rose sharply near level shares probably worth dlrs dean witter morrison ball like asarco cost cutting restructuring morrison sees earnings dlrs losses projects asarco earn one dlr three dlrs dlrs roling merrill lynch recommending cyprus minerals co addition phelps dodge cyprus interests coal minerals aside copper smith barney thinks cyprus current levels would willing sell cyprus buy phelps dodge picking one copper stock said reuter
consumers financial corp net shr cts vs cts net vs rev mln vs mln note net includes investment gains cts share versus six cts share extraordinary gain seven cts share reuter
sees sales hurt production shift corp said bellsouth corp unit southern bell telephone telegraph co decision postpone start new conversion chicago survey unit could affect fiscal revenues company said expected higher revenues records conversion work foresees revenues southern bell work eight mln dlrs level last fiscal year said southern bell let continue work progress expects perform posting records conversion southern bell added southern bell decision forced pursue opportunities telephone companies replace southern bell work reuter
u first time jobless claims fell week new applications unemployment insurance benefits fell seasonally adjusted week ended march prior week labor department said number people actually receiving benefits regular state programs totaled week ended feb latest period figure available previous week reuter
network security corp year net shr dlrs vs cts shr diluted dlrs vs cts net mln vs revs mln vs mln note net includes pretax charge dlrs increases reserves writeoffs low yielding assets pretax gain mln dlrs sale multi family subsidiary another dlrs gain multi family sale recognized multi family meets targeted operating results reuter
corrected bankamerica negotiating sale units bank america sa bac n west german branch said negotiating sale bankhaus centrale credit ag small local west german bank acquired west german visa credit card operation michael bank america vice president regional manager said negotiations proceeding well declined give details bank america west german branch lost mln marks result includes profit loss transfers bankhaus centrale credit visa organisation sale units part bank worldwide restructuring plan reuter
amoskeag bank acquire amoskeag bank said signed agreement acquire financial resources inc philadelphia based company leases high technology equipment terms acquisition disclosed said assets mln dlrs reuter
combined sees strong combined international corp another strong year president patrick g ryan told analysts although declined forecast earnings specifically company reported operating income dlrs share dlrs share year earlier revenues increased billion dlrs billion dlrs ryan said combined testing direct response long term care product union fidelity life insurance co plans offer ryan insurance group answer question combined possible exposure aids related health claims ryan said minimal although conceded every carrier provides coverage vulnerable reuter
china citic buys h k hotel cheung kong peking owned china international trust investment corp citic bought city garden hotel hong kong subsidiary cheung kong holdings ltd hkg mln h k dlrs cheung kong director albert said cheung kong subsidiary international city holdings ltd complete work hotel end handed citic deal include interior hotel room hotel stands ft site eastern side hong kong island reuter
bankers trust new york corp bt qtly dividend qtly div cts vs cts prior pay april record march reuter
revlon rev buys beecham unit revlon group inc said bought cosmetics business u beecham group plc terms sale disclosed sale includes rights north south america far east well worldwide rights von cosmetics lines u distribution rights beauty products meanwhile london statement beecham said business sold revlon mln dlrs cash royalty payment reuter
applied circuit sells electronics business applied circuit technology inc act said agreed principal sell primary computer electronics business group san francisco act said disclosed deal terms added pct sale price cash remainder paid two year period deal expected close march act said act said made move concentrate resources pharmaceuticals subsidiaries reuter
domtar sets two one stock split take effect may
u refinery copper stocks fall january refined copper stocks held u refineries fell short tons end january short tons end december american bureau metal statistics reported commodity exchange comex copper stocks climbed tons january tons december combined refinery comex stocks eased tons january tons december u refined production declined tons january tons december crude output increased tons january tons revised lower december preliminary figures showed u refined deliveries rose tons january tons december reuter
corp th qtr oper net oper shr profit six cts vs loss two cts oper net profit vs loss revs vs year oper shr profit cts vs loss two cts oper net profit vs loss revs mln vs mln note data include discontinued operations th qtr gain dlrs cts per shr th qtr loss dlrs seven cts per shr year loss dlrs dlrs per shr year loss dlrs cts per shr reuter
manufacturers national unit lifts rate manufacturers national corp manufacturers bank wilmington said increased interest rate fee variable rate pct pct new interest rate applies second quarter rate card set quarterly reuter
k ltd nd qtr jan net shr cts vs cts net vs revs mln vs mln six mths shr cts vs cts net vs revs mln vs mln reuter
volcker sees tight policy hurting investment federal reserve board chairman paul volcker said restrictive monetary policy would damaging investment better course would restrain spending restrictive monetary policy would hit investment want put interest rates unless volcker told senate banking committee constructive way proceed said volcker said given choice squeezing budget deficit squeezing investment would favor squeezing budget deficit response question banks volcker said would pleased congress decided give banks tax writeoff incentive take greater reserves loans debtor countries give tax writeoff loans see would make happy volcker told committee chairman sen william proxmire reuter
endotronics sees heavy losses qtr withdrawal japan distributor
hilton sees improved first quarter profits hilton hotels corp expects earnings per share first quarter fiscal march cts compared cts year earlier hilton hotels division president carl said told news conference company expected costs first hotels announced today mln dlrs initial financing would come company cash flow later hilton plans use borrowings traditional sources added hilton hopes build hotels within five years may take partners new venture added reuter
corp ltd year net shr dlrs vs cts net mln vs mln revs mln vs mln note shares outstanding mln vs mln avg shrs given company recently raised equity voting interests international corp pct pct respectively reuter
black completes acquisition black corp said completed acquisition agency inc risk control inc terms acquisitions disclosed separately said also completed acquisition schmidt insurance agency based el calif reuter
chilean gdp pct central bank says chile gross domestic product rose pct last year billion dollars compared pct rise previous year central bank said said initial projections pct increase gdp year sectors registered greatest growth pct agriculture pct transport communications pct industry pct bank added reuter
beghin say sees solution ec sugar dispute settlement could soon reached dispute european sugar producers european community ec export policies jean marc vernes president french sugar producer beghin say leading protest told journalists today contacts ec authorities past days indicate moving towards solution said adding happened producers would withdraw tonnes sugar offered intervention vernes said protest involving tonnes sugar french producers alone prompted ec policy since mid offering export rebates failed give producers equivalent price would obtain offering sugar ec intervention last week tender ec commission made apparent concession offering maximum rebate european currency units ecus per kilos level producers say needed compared previous week rebate ecus necessary level vernes would say form compromise producers ec would take reaffirmed long term desire producers export world market providing losing money producers withdraw intervention offer april sugar officially enter intervention stores time following five weeks official payment date ec threatened put sugar back internal market producers withdraw offers reuter
prospect group inc th qtr loss shr loss cts vs loss cts net loss vs loss revs mln vs mln avg shrs mln vs mths shr profit cts vs loss cts net profit vs loss revs mln vs mln avg shrs mln vs notes may prospect raised dlrs initial public offering common stock company purchased march corp regional railroad company mississippi louisiana contributed sales mln dlrs operating income mln dlrs first nine months operation reuter
la motor inc rd qtr feb net shr profit cts vs loss nine cts net profit vs loss revs mln vs mln nine mths shr profit cts vs profit cts net profit vs profit revs mln vs mln avg shrs mln vs mln note current net includes gain sale dlrs qtr dlrs nine mths reuter
corp th qtr loss oper shr loss eight cts vs profit cts oper net loss vs profit revs mln vs mln mths oper shr loss dlrs vs profit cts oper net loss mln vs profit revs mln vs mln note oper excludes loss discontinued operations dlrs cts share year ago qtr dlrs cts share year ago mths oper includes charge mln dlrs cumulative effect repeal investment tax credit qtr writedown mln dlrs gas oil facilities mths year ago shr data restated reflect two pct stock dividend december reuter
werner enterprises inc th qtr yr net qtr ends feb shr cts vs cts net vs revs mln vs mln avg shrs mln vs mths shr cts vs cts net vs revs mln vs mln avg shrs mln vs reuter
corp th qtr net shr cts vs cts net vs revs mln vs avg shrs vs year shr cts vs cts net vs revs mln vs mln avg shr vs note prior qtr year per share figures restated pct stock dividend december reuter
petroleum equipment tools co th qtr shr loss cts vs loss cts net loss mln vs loss mln revs mln vs mln year shr loss dlrs vs loss cts net loss mln vs loss mln revs mln vs mln reuter
oecd agrees export credit reforms western industrialised nations agreed reforms rules provide credit exports developing countries organisation economic cooperation development said reforms tighten rules use foreign aid subsidise export credits called mixed credits oecd said agreement implemented two stages july year july means minimum aid component mixed credits raised pct pct pct credits covering exports world least developed nations additionally new formula used calculating aid element mixed credits take account different interest rates exporting countries nation oecd reform negotiations said minimum interest rates officially trade loans also revised aim cutting subsidies ending completely loans relatively rich developing countries july next year reforms follow several years pressure u stop competitors notably france japan using foreign aid subsidise exports putting u firms disadvantage oecd officials said agreement based provisional accord reached january subject ratification member governments governments including austria linked final approval trade credit issues would discussed meeting mid april added raising minimum amount aid required mixed credits agreement aims make subsidies costly frequent use major general agreement tariffs trade closed today senior u official commented reuter
memory protection sees closing memory protection devices inc said expects close previously announced acquisition assets liabilities division lear siegler inc april one memory protection devices said received senior loan commitment letter well waiver new jersey environmental control act necessary complete acquisition declined provide details reuter
harris cuts stake bell industries bi harris associates l p chicago investment advisory limited partnership said lowered stake bell industries inc shares pct total outstanding shares pct filing securities exchange commission harris said sold bell common shares dec feb prices ranging dlrs harris said dealings bell stock behalf advisory clients reuter
norway offers th licence round offshore blocks norway offered new offshore blocks foreign domestic first phase country eleventh concession round government officials said company shares licences proposed oil energy ministry final ministry given companies days accept decline proposed shares french companies ste nationale pa total cie francaise des petroles tpn pa expected receive following france agreement last autumn purchase gas norway field offered round industry sources said three eleventh round blocks awarded haltenbanken exploration central norway including west field den norske stats oljeselskap stat ol statoil appointed operator statoil share licence subsidiaries u oil companies tenneco inc n texas eastern corp n italian oil company agip spa norwegian subsidiary e du pont de dd n subsidiary conoco norway inc named operator haltenbanken block share licence statoil norsk hydro ol operate nearby block partners statoil norsk agip royal dutch shell group rd norske shell unit norge statoil offered new block relatively south exploration area south haltenbanken norske shell texas eastern sa petrobras also offered stakes block norwegian companies six blocks opened sea area northern norway blocks awarded three licenses covering two blocks statoil head exploration blocks sharing licence exxon corp xon n norwegian subsidiary esso norge british petroleum co plc bp l bp petroleum development norway ltd shell norsk hydro saga petroleum ol blocks awarded norsk hydro operator statoil mobil corp mob n mobil exploration norway sa br norske bp third sea licence covering blocks went saga petroleum operator statoil atlantic richfield co arc n arco norge total marine norge corp n oil ministry withheld awards four strategic blocks included eleventh round second phase ministry accepting applications phase two blocks early april awards likely announced summer officials said reuter
camco signs letter intent reed tool pearson plc l said camco inc pct owned u oil oil services subsidiary signed letter intent covering camco purchase baker international corp bko n substantially business reed tool co reed leading manufacturer drilling sales around mln dlrs transaction subject negotiation definitive agreement approved baker camco boards u department justice talks already taking place concerning combination baker hughes tool baker international proposed merger hughes tool could create billion dlr oilfield services company pearson shares p announcement reuter
patrick definitive accord buy bayou resources
time tl talks cable news consortium n j nicholas jr president chief operating officer time inc told security analysts company engaged talks join consortium cable companies invest cable news network nicholas declined give details said announcement might ready days also declined say whether investment would made time inc american television communications corp public company time owns majority stake cable news network owned turner broadcasting system reuter
malaysia cuts rubber price malaysia said cut price rubber cents per kg cents march effective immediately export duty applicable level cent per kg last month government raised export duty threshold price cents per kg early rubber research replanting remained unchanged cents per kg respectively reuter
corp year loss shr loss cts vs loss cts net loss vs loss sales vs nil note company development stage reuter
gulf arab states move towards economic integration finance economy ministers six nation gulf cooperation council gcc ended talks recommendations aimed boosting economic integration ministers bahrain kuwait oman qatar saudi arabia united arab emirates uae endorse resolution common currency exchange rate system uae minister state finance industry ahmed al told reporters two day talks ministers referred issue back gcc central bank governors discussion said governors agreed january proposed six currencies based asked recommendation july finance ministers due meet saudi arabia bankers said central bank governors would meet soon discuss issue adding possibility new system could submitted final approval gcc summit conference scheduled held saudi arabia late year approved governors made public banking sources said could similar european monetary system ems said ministers agreed principle allow gcc citizens set businesses work member state also agreed principle recommendation citizens buy shares gcc shareholding firms said ministers discussed report imported goods containing radiation caused last year chernobyl nuclear disaster soviet union agreed products excessive levels returned country origin reuter
laser sees impact suit earnings laser corp said costs associated defense two shareholder lawsuits could result net loss although laser expects post earnings operations year spokesman said might wiped legal costs depending length litigation addition company said ask shareholders approve proposals merge company main subsidiary delaware change company name reuter
sessions drops rail parts operations sessions co said decided discontinue operations steel door maker components equipment railroad freight cars company said unit sold sometime year included discontinued operations results announced earlier today company reported loss continuing operations mln dlrs year profit mln dlrs discontinued operations reported loss mln dlrs compared year earlier loss dlrs reuter
metro mobile declares stock dividend metro mobile cts inc said declared pct stock dividend dividend distributed april holders record march reuter
japan u odds trade lopsided japan solve trade problems united states two nations remain odds long trade account lopsided japan favour senior official said long external imbalance trade friction words two governments foreign ministry official told reporters last year japan billion dlr surplus united states economists said see falling significantly time soon washington announced plans last week mln dlrs tariffs japanese electronic goods raising trade war two countries take current situation seriously said official declined identified basic stance japanese government tackle issues available resources united states accused japan reneging agreement called stop selling cut price computer microchips world markets try import american semiconductors tokyo denied charges foreign ministry official refused rule japanese retaliation america went ahead threatened tariffs middle month said response would accordance international law japan international obligations added japan united states must take account impact dispute world economy reuter
treasury balances fed fell march treasury balances federal reserve fell march billion dlrs billion dlrs previous business day treasury said latest budget statement balances tax loan note accounts fell billion dlrs billion dlrs respective days treasury operating cash balance totaled billion dlrs march compared billion dlrs march reuter
italy bnl negotiating purchase german bank italy state owned banca nazionale del bnl said negotiating buy west german bank part foreign expansion policy bnl president told news conference italian bank currently involved talks declined name german institution said takeover move could seen bnl reply deutsche bank ag dbkg f entered italian market december purchase bankamerica subsidiary banca america e said bnl also approved mln dlr credit line soviet union aimed enabling soviet companies pay italian imports gave details bnl officials said group also decided increase activities soviet union opening representative office moscow month subsidiary italian soviet trade reuter
ibc president leaves producer meeting ibc jorio dauster president brazilian coffee institute ibc left brazil early today attend weekend meeting latin american coffee producers managua ibc official said carlos brasil adviser ibc president said dauster left rio de janeiro managua early morning rumours london coffee market earlier today dauster would attend meeting reuter
scott liquid gold inc year oper net oper shr two cts vs cts oper net vs revs mln vs mln avg shrs vs note excludes gains dlrs two cts shr vs dlrs nine cts benefit tax loss carryforwards reuter
index trust quarterly dividend qtly div cts vs cts prior pay april record march reuter
opec within output ceiling subroto says opec remains within agreed output ceiling mln barrels day expected current fluctuations spot market one two dlrs indonesian energy minister subroto said told reporters meeting president suharto present weakness spot oil market result weather u europe reduced demand oil prices also forced refineries using old stock said denied opec exceeding agreed production ceiling asked opec output level replied mln barrels per day elaborate said appeared attempts market opec members stick cartel december pricing agreement would get present price difficulties predicted prices would recover third fourth quarters also reiterated need emergency opec meeting said opec expected see fluctuations spot price hope weak price predict price better third fourth quarters refiners said appeared used old stock deliberately cause slack demand market price fall opec would get period members stuck together reuter
american express declared two one stock split
systems splits stock systems inc said split stock two one effective april two shareholders record march also said pay six cts per share dividend pre split shares regular quarterly dividend april two shareholders record march reuter
industries sees loss industries inc said due continuing manufacturing difficulties inc jet engine component subsidiary expects report net loss dlrs cts per share fourth quarter ended january said revenues period mln dlrs even year earlier full fiscal year company said earned dlrs cts per share dlrs cts per share year company said unexpectedly large volume customer inquiries inc products subsidiary caused higher expected business development outlays company said expects significant contract awards later year said started implementing plan reduce manufacturing costs next several quarters company said may move plant mich lower labor cost area company said discovered extent problems year end review related work progress production jet engine components general electric co ge said release annual results around april reuter
rabbit software merge cti data rabbit software corp said agreed principle merge cti data inc privately owned communications company according terms cti holders employees receive shares rabbit stock royalties sales cti products cti become wholly owned subsidiary rabbit deal subject completion definitive merger agreement receipt third party approvals conditions company said reuter
thousand inc year loss shr loss dlrs vs profit cts net loss vs profit revs mln vs mln note current year figures include mln dlr tax writedown land improvements mln dlr increase allowance doubtful accounts tax gain three mln dlrs debt retirement reuter
australia tug crews bar foreign container ships tug crews preventing movement foreign flag container vessels ports sydney melbourne shipping sources said said maritime unions imposed bans late wednesday reasons seem linked claims pay rise dlrs week awarded arbitration commission nationally workers recently vessels delayed bans affect container terminal movements disrupt liner schedules said dispute goes commission monday said reuter
foote mineral merge rio tinto foote mineral co said signed letter intent merge rio tinto zinc corp plc cash company said time acquisition assets include operations foote pct owned newmont mining corp nem signed letter intent sell cambridge operations said talks sale operations several companies foote said newmont informally indicated would vote favor rio tinto proposal foote said terms agreement including price proposed cash transaction released subject continuing due diligence investigation company said definitive merger agreement expected negotiated within six weeks shareholders expected vote deal meeting expected held june july reuter
guardian morton agrees takeover bid guardian morton precious metals inc said morton investment management services inc agreed principle andrew make takeover bid special shares series ii warrants guardian morton subject regulatory approval completion definitive documentation investment current manager owner common shares guardian morton also agreed sell common management agreement company controlled takeover bid successful guardian morton said price offered guardian morton special shares takeover bid pct net asset value special shares time bid two dlrs series ii warrant company said guardian morton said takeover bid conditional acquiring least pct special shares pct series ii warrants combined number special shares warrants owned time bid investment companies managed currently slightly less pct guardian morton special shares reuter
u sugar imports week usda sugar imports subject u sugar import quota week ended january initial week sugar quota year totaled short tons versus tons previous week agriculture department said sugar import quota quota year january december set short tons compared tons quota year extended three months december department said customs service reported weekly cumulative imports reported actual weight basis final received cumulative import data adjusted accordingly reuter
val mines ltd finds high grade order val mines ltd said recent drill hole intersected high grade ore extension discovery vein val mine northern quebec company said feet hole graded ounce per short ton gold including foot section grading ounces said zone projection seventh level mine feet surface feet west val said find recent ones make substantial contributions mine ore reserves grade reuter
wolverine world wide inc th qtr loss shr loss six cts vs profit cts net loss vs profit sales mln vs mln year shr loss dlrs vs profit cts net loss vs profit sales mln vs mln note year results include mln dlr restructuring charge nd qtr reuter
mts acquisition talks pratt hotel southmark caesars world purchase
franklin california tax free income fund payout mthly div cts vs cts prior pay march record march two reuter
yeutter sees u japan trade conflict united states japan brink serious conflict trade especially semiconductors japanese unwillingness public bodies buy u super computers barriers u firms seeking participate eight billion dlr kansai airport project u trade representative clayton yeutter said talking reporters yesterday eve two day meeting trade ministers review progress made committees set uruguay meeting last september launched new round gatt general agreement tariffs trade talks european community ec commissioner willy de clercq meanwhile told reporters conflict world three major trading economic powers ec u japan set poor example members gatt australian trade minister john dawkins told reporters bilateral retaliation enormous expense rest world way solve trade disputes new zealand trade minister mike moore told colleagues great progress made preparing current round gatt negotiations must ministers said want maintain momentum towards fresh negotiations avert serious trade conflicts yeutter said problem international trade talks tended get years countries get serious negotiating end day maybe five six years future also said consider new u congress protectionist months ago healthy development added asked year months ago would said protectionist members congress members congress begun realise protectionism answer billion dlr trade deficit yeutter said also begun realise cannot solutions billion dollar trade deficit realistic judgement responsible issue months ago added whether reflected legislation eventually emerges another matter reuter
union sell union unit union corp said agreed principle sell union corp subsidiary kaplan houston investor unit makes marine specialty equipment military kaplan also controlling shareholder hunt co inc amount cash transaction expected close april disclosed reuter
charter co th qtr net profit mln dlrs vs loss mln dlrs
quest biotechnology unit merger pact quest biotechnology inc said new subsidiary quest blood substitute inc signed agreement plan merger hunt research corp affiliate corp said quest blood expects complete merger within next several weeks terms disclosed related transaction quest blood said executed agreement alza corp make alza preferred shareholder quest blood offer alza right acquire total equity position pct quest blood exchange acquisition patent rights alza technology reuter
bay financial corp bay rd qtr feb shr loss dlrs vs profit two cts net loss mln vs profit revs mln vs mln nine months shr loss dlrs vs loss two cts net loss mln vs loss revs mln vs mln note includes gain disposition investments dlrs rd qtr dlrs nine months respectively includes gain disposition investments five dlrs nd qtr dlrs nine months reuter
lyng says late crop year u agriculture secretary richard lyng said late implement full acreage provision grain crops think chance see legislation passed crops late lyng told national grain feed association convention lyng added seems support congress good chance pilot program passed part pending disaster bill indicated already late year alter crop program sign spring crops closes end month overall lyng predicted little change farm bill year reuter
ic industries unit sell track illinois central gulf railroad subsidiary ic industries inc said complete sale chicago missouri western railway mile line ill st louis april chicago missouri wholly owned subsidiary river corp transportation holding company said purchase price line mln dlrs chicago missouri workers start operation immediately upon closing transaction reuter
waste management amends chemlawn offer raising dlrs share dlrs
france sell stake societe generale unit french government sell public pct direct holding societe generale pa regional bank subsidiary societe generale de banque sogenal next monday sogenal officials said sogenal founded nationalised leading french regional bank branches austria belgium luxembourg east west germany switzerland chairman rene told news conference share offer price expected announced tomorrow finance minister edouard balladur would francs societe generale privatised later year retain pct majority holding bank chairman marc said sogenal officials said forecast consolidated group profit around mln francs estimated mln year mln sogenal privatisation capital increase mln francs mln earning mln francs new funds shares divided eight giving capital mln shares francs nominal bank listed stock exchange line finance ministry government aim regional operation said said hoping shareholders total around ten pct capital floated reserved employees rest offered public share reserved foreign investors small operation able buy shares france said stockbroker sources said likely share offer price francs would value sogenal billion francs said bank future aim would existing strong points major projects planned apart opening soon branch sogenal french bank austria set first foreign exchange dealing room outside paris headquarters foreign banking subsidiary broker zurich bourse government banking adviser operation banque de financiere owned french financier pierre group britain bank ltd reuter
spain launch export drive spain billion peseta plan month aimed boosting exports reach european community levels director general export institute said target raise exports pct gross domestic product next four years compared pct said minimum prevailing level ec reason lag behind countries like italy similar productive structure said plan calls providing soft loans tax cuts fiscal benefits exporters raising spain presence international trade consumer goods wine well traditional industrial exports said would double annual budget billion pesetas finance four year plan government development aid fund would provide special billion peseta grant plan calls boosting exports five six pct real terms year pct decline last year attributed drop lack demand developing countries rally domestic consumer demand rose six pct last year pct added pct spain exports went organisation economic cooperation development oecd countries ec accounts pct market exports community rose seven pct last year government plans concentrate efforts western europe u problem convincing businessmen exports vital context ec competition said said spanish businessmen traditionally turned domestic market satisfy rises consumer demand turning backs foreign markets realise share home market going growing deregulation said foreign companies taking positions domestic economy vital secure market share abroad reuter
danish wholesale prices fall pct february denmark wholesale price index fell pct february giving year year fall pct national statistics office said index base stood february fall one point compared january february reuter
u first time jobless claims fall week new applications unemployment insurance benefits fell seasonally adjusted week ended feb prior week labor department said number people actually receiving benefits regular state programs totaled week ended feb latest period figure available previous week reuter
investment properties raises payout qtly div cts vs cts prior qtr payable june record may reuter
c asset investors initial payout c asset investors inc recently went public said board declared initial quarterly dividend cts per share payable april holders record april one reuter
api says u crude oil year ago american petroleum institute said u crude oil production february declined pct year ago levels mln barrels day monthly report u oil supplies stocks api said domestic demand petroleum products measured products supplied continued rise reaching mln barrels day month pct february api noted drop crude oil output coupled drop natural gas liquids production pct february levels represented decline u production one mln barrels day api said decline domestic production rise demand brought petroleum imports six mln barrels day february pct increase last year level far year api said growth domestic demand pct last year year date level slowed comparison accelerated growth last half said crude oil production first two months pct comparable year ago period crude imports pct reuter
lloyds bank matches base rate cut pct lloyds bank plc lloy l said cutting base lending rate pct pct effective tomorrow reduction follows similar moves three british clearing banks national westminster bank plc nwbl l led way morning bank england lowered dealing rates signal would tolerate half percentage point reduction central bank surprise signal followed efforts last week prevent market forces bringing base rates u k budget march reuter
port activity rises tonnage goods passing ivory coast main port rose pct last year according ivorian chamber commerce monthly report said mln tonnes goods passed port last year compared mln year exports fell mln mln tonnes imports rose mln mln reuter
trade interests ready fight u congress u lawmakers gearing free traders major trade bill winds way committees vote full house representatives late april move toughen u enforcement trade laws key house subcommittee last week approved toned version legislation require president reagan retaliate foreign countries follow unfair trade practices bill cornerstone congressional efforts restore competitiveness american industries turn around last year record billion dlrs trade deficit several lawmakers argued new trade bill made many concessions reagan said intend back amendments get tough countries violate trade agreements keep u products hand congressmen known free trade said bill ties reagan hands much trade disputes seek restore negotiating powers republican bill michigan said subcommittee bill one free trader like could endorse respects emphasized consensus among trade lawmakers work toward bill reagan republicans would ultimately endorse said goal trade legislation make trade policy stronger without violating international trade agreements find lot people think done former enough find think avoided violating agreements key concession made urging powerful chairman house ways means committee trade subcommittee backed requirement would forced reagan automatically impose quotas tariffs imports countries engage unfair trade practices also agreed may waive retaliation would hurt u economy ways means chairman dan rostenkowski illinois democrat insisted moderate approach necessary house wanted pass bill reagan would sign law reagan last year blocked senate consideration tough house trade bill protectionist year agreed support trade bill saw democratic leaders determined pass bill indication success white house spokesman marlin fitzwater told reporters friday administration still like provisions added generally feel good consideration trade legislation think progressing well first battle take place next week full house ways means committee considers amendment rep richard gephardt missouri democrat force countries japan south korea taiwan cut trade surpluses united states subcommittee limited gephardt plan provide existence large trade surplus united states trigger investigation unfair trade practices would automatically set retaliation rep crane illinois republican free trader said try weaken gephardt plan organized labor pressed lawmakers relief imports jobs lost foreign competition president lane kirkland year angered administration statement trade bill reagan would sign would worth passage congress rostenkowski set tone trade debate statement trying write legislation please lane kirkland trying write legislation signed president writing bill subcommittee rejected calls trade relief specific industries textiles rep democrat georgia agreed hold fight intends push separately bill protect domestic textile shoe industry aide said reagan vetoed similar measure last year house speaker jim wright texas democrat one influential aid specific industries low priced foreign competition wright thursday renewed call import relief domestic oil industry announced support senate plan trigger temporary oil import tariff imports reach half domestic consumption part trade bill provisions toughen u enforcement trade laws bill forces administration act rapidly complaints unfair trade practices dumping products united states prices cost production also forces administration act rapidly industry surge imports threatens existence congressmen said change would required u international trade commission impose limits car imports reuter
thermo electron considers unit stake sale thermo electron corp said entered talks underwriters possible public sale minority interest systems subsidiary inc company also said plans offer convertible subordinated debentures publicly gave details reuter
yeutter puts currency burden taiwan korea responsibility appreciation taiwan dollar south korean lies countries said u trade representative clayton yeutter speaking asia society yeutter said countries long term interest raise value currencies dollar yeutter responding question u could encourage appreciation currencies dollar order reduce large u trade deficits korea undervalued currency help countries exports short term long run concerned perceived international business community yeutter said taiwan yeutter said per capita trade surplus u much larger japan huge foreign exchange reserves difficult defend high import barriers country also said south korean begin move reflect underlying economic fundamentals otherwise two three years time korea situation taiwan turning u deficit japan billion dlrs yeutter said situation sustainable something must give soon great threat u legislative action trend yeutter said reuter
sterling bancorp year net shr dlrs vs cts net ca assets mln vs mln note th qtr data given reuter
co year loss shr loss cts vs profit dlrs net loss vs profit revs mln vs mln note net includes gains sale uspci inc stock mln vs mln year ago net includes loss discontinued operations mln reuter
careplus inc th qtr net shr loss nil vs profit nil net loss vs profit revs pct year shr profit four cts vs profit five cts net profit vs profit revs mln vs mln avg shrs mln vs note year net includes tax credits dlrs vs dlrs net periods includes charge dlrs settlement overtime wage dispute addition provision accounts reuter
wall street stocks polaroid rumors new york investor asher edelman acquired stake polaroid corp optimism tomorrow status hearing patent suit pending eastman kodak co ek sent polaroid stock higher traders said polaroid rose speculation edelman going take stake polaroid around months ago today one trader said edelman comment rumors spokesman polaroid said company contacted edelman filing made securities exchange commission stake company hope among investors progress status hearing tomorrow patent suit kodak analyst michael co said traders said trial date could set progress made court settlement suit filed polaroid april charges kodak upon polaroid camera patent october court barred kodak selling film upon patent polaroid spokesman said said feels highly unlikely progress made tomorrow hearing said stock may also gotten boost today optimism concerning new products company currently working polaroid announcement particularly senior company executive chosen work major unidentified new product spurred speculation products said speculating new product could electronic still camera referring camera records magnetic opposed conventional film said stock may also gotten boost today optimism concerning new products company currently working polaroid announcement particularly senior company executive chosen work major unidentified new product spurred speculation products said speculating new product could electronic still camera referring camera records magnetic opposed conventional film reuter
national corp rigs sets quarterly qtly div cts vs cts prior pay april record march reuter
cocoa buffer differentials detailed international cocoa organization icco council agreed standard price differentials different origin cocoas form part buffer stock buying selling procedure consumer delegates said buffer stock manager accept offers different origin cocoas according sliding scale price differentials ghana cocoa pegged stg premium malaysian thus buffer stock manager buying cocoa based malaysian price stg tonne would accept ghana offers stg differentials fixed follows country differential stg tonne malaysia brazil ivory coast nigeria ghana nigeria differential weight terms shipping weight terms accepted stg discount rate reuter
shops inc th qtr jan net shr cts vs cts net vs sales mln vs mln year shr dlrs vs dlrs net mln vs mln sales mln vs mln reuter
anchor glass sees higher st qtr net anchor glass container corp said first quarter net income expected exceed mln dlrs earned extraordinary items year earlier quarter previously company said first quarter results would likely lower period due production caused large number production line changes scheduled first quarter statement pointed effects production line changes occurred line expectations anchor glass said first quarter operating results helped lower anticipated operating costs improved margins sales result favorable product mix company said income performance full year remains good also said anchor corp converted entire principal balance anchor glass convertible subordinated note anchor glass common shares anchor glass said conversion decreased total debt increased stockholders equity mln dlrs increased common shares outstanding said conversion also reduce annualized net interest expense mln dlrs dlrs taxes reuter
splits stock inc said board directors declared five four stock split form pct stock dividend payable april shareholders record march reuter
american cyanamid buys u k company american cyanamid co said bought pct interest cyanamid ltd held harvey plc making unit wholly owned subsidiary unit manufactures structural materials including advanced adhesives aluminum european space industry current management remain place unit continue locations u k company said reuter
investor five pct sage drilling sage arthur appleton chicago investor told securities exchange commission acquired shares sage drilling co inc pct total outstanding common stock appleton said bought stock dlrs investment purposes depending several circumstances appleton said may buy sage common shares sell current stake reuter
madagascar coffee production seen lower madagascar available coffee output estimated tonnes year due government agricultural services poor state roads rural areas agriculture ministry sources said accounting loss tonnes due transport problems said sources give estimate exports noted shipments declined tonnes last year low yields country coffee plantations disease also contributed poor performance sources said pointed pct madagascar coffee planted sources said madagascar still long way reaching production target tonnes per year export target tonnes outlined government five year plan order reverse decline coffee production government decided plant hectares high yielding arabica varieties sources said planting programme begin year aimed producing kilos per hectare beans low content sources added madagascar plan export roasted coffee failed take due packaging problems tonnes roasted coffee exported last year reuter
holdings inc year jan net oper net mln vs mln revs bilion vs billion note parent industries inc acquired leveraged buyout december reuter
swire expects continued growth year swire pacific ltd swpc hkg expects continued growth divisions year though sees problems marine sector chairman michael miles said told reporters started well cathay pacific airways looks forward another good year swire properties expects good results properties development sale investment property portfolio give specific projections earnings company earlier reported pct higher net profits billion h k dlrs year ago swire also extraordinary profit billion dlrs mainly sale pct interest cathay pacific airways ltd caph hkg miles said company use money develop business primarily hong kong swire stake cathay first reduced pct pct cathay publicly floated cut pct cathay issued new shares amounting pct enlarged capital state owned china international trust investment corp cathay last week reported profits rose billion dlrs mln year ago miles said despite last year rapid expansion cathay flights fleet load factor still holding pct said cathay growth last year result marginal increase revenue load factor coupled savings fuel costs present fuel prices stable remain stable rest year said though might bit increase later year miles said swire abandoning offshore oil service operations even though marine sector generally depressed obviously marine industry getting better said real estate market remained strong swire last year revalued property portfolio mln dlrs compared increase mln dlrs previous year miles said expects property market remain firm said firm available land major housing project taikoo shing development hong kong island near completion said company pct unit hongkong united ltd negotiating government development existing petroleum storage major housing estate big taikoo shing said reuter
road entertainment rd qtr loss qtr ended jan shr loss seven cts vs loss cts net loss vs loss revs vs nine mths shr loss cts vs loss dlrs net loss vs loss revs vs mln reuter
gatt warns u federal budget protectionism united states emphasis foreign trade deficit country real problem lies large federal budget deficit general tariffs trade gatt said record trade deficit billion dlrs last year u protectionist pressure threatens world trading system said annual report fundamental problem size u federal budget deficit could cutting government spending encouraging personal savings finance debt said gatt also predicted world trade would grow pct full percentage point lower previous two years gatt experts urged washington resist protectionism instead seek changes reduce current account payments deficit higher private savings lower investment smaller federal budget deficit raising u trade barriers would result little reduction current account deficit would however increase inflation reduce world trade said basic cause combination insufficient domestic savings excessive budget deficit would remain report said gatt economists said trade expansion would slow year slower growth forecasts japan west european nations adjust production low dollar risk higher u inflation concerns third world debt management looming protectionism report also said imbalances current accounts japan west germany u increased likely explanation exchange rate changes backed changes policies added thus imbalances would reduced result major realignment exchange rates last year report said gatt warned risk sizeable increase u inflation rate combined impact rapidly expanding money supply low dollar development could worsen business climate increasing uncertainty pushing interest rates turn would adversely affect world trade report noted surprising rise imports united states despite dollar depreciation makes foreign products expensive suggested resources idle u human factories geared produce goods services sought abroad world trade manufactures grew three pct half rate previous year trade agricultural goods expanded one pct continuing stagnant pattern sector decade gatt said developing countries exports declined significantly imports increased moderately although full statistics available yet gatt said combined export earnings major indebted nations sharply lower five chile colombia philippines south korea thailand higher exports reuter
adjusts short term discount note rates loan marketing association said rates short term discount notes follows maturity new rate old rate maturity days pct pct days days pct pct days days pct pct days days pct pct days pct days pct days reuter
rubber leaf disease seen affecting supply prices leaf disease corenes pora affected rubber trees sri lanka indonesia likely force cut supply push depressed prices malaysian rubber disease said trees leaves hit fungus disease cannot saved must head crop protection division rubber research institute malaysia rrim told reuters commenting reuter report said corenes pora hit seven pct sri lanka plantations may cause output drop target tonnes report said sri rubber research institute may ask estates remove trees seriously affected disease added estates affected state plantations corp estates development board said corenes pora old disease affects certain rubber clones sri lanka indonesia use clones must discontinued clones resistant disease rubber research institute sri lanka clone indonesia malaysia rrim said said corenes pora affected trees rrim clone planted malaysia several years ago use clones discontinued may used curb disease also affects leaves plants experience proven expensive added disease extremely difficult control two affected countries rubber output may drop prices rise said added rrim aware disease sri lanka monitoring situation reuter
laser precision corp th qtr net shr profit cts vs profit two cts net profit vs profit revs vs year shr profit cts vs loss cts net profit vs loss revs mln vs reuter
broker choice buy broker choice capital inc said signed letter intent buy inc approved shareholders broker choice issue mln shares authorized unissued shares restricted common stock inc reuter
kaufman broad inc st qtr feb net shr cts vs cts net vs revs mln vs mln note housing backlog mln dlrs pct year earlier reuter
massachusetts investors growth stock fund payout qtly div income cts vs dlrs prior qtr including capital gains dlrs payable march record february reuter
lloyds bank matches base rate cut pct lloyds bank plc said cutting base lending rate pct pct effective tomorrow reduction follows similar moves three british clearing banks national westminster bank plc led way morning bank england lowered dealing rates signal would tolerate half percentage point reduction central bank surprise signal followed efforts last week prevent market forces bringing base rates u k budget march reuter
carson cites impact tax reform act carson pirie scott co said tax reform act investment tax credits negative impact cts share earnings year ended january earlier carson reported yearly per share earnings dlrs dlrs year ago average shares increased mln mln year earlier sales gained billion dlrs billion dlrs carson said extremely optimistic improved profit performance said first half hopes reduce seasonal type losses sustained first second quarters company said early april oak brook hills hotel conference center suburban chicago open management provisions startup expenses made added reuter
lucky stores edelman standstill pact lucky stores inc said investor asher edelman agreed settlement edelman group taking specified actions obtain control company limits edelman group ownership lucky stock less five pct voting securities arrangement also provides dismissal pending litigation parties lucky stores said settlement also calls withdrawal edelman motion intervene pending shareholder actions lucky stores directors company said addition standstill provisions also apply hancock fabrics spun lucky stockholders company said lucky stores said arrangement also calls company submit stockholders special meeting set december proposal edelman seeking views concerning repeal charter provision limits voting power substantial lucky stockholders edelman owns five pct lucky stores stock last year rebuffed effort acquire company last october lucky stores restructuring program included repurchase pct common shares delaware spinoff hancock textile co chain retail stores one key parts restructuring program edelman plaza securities co partnership subsequently sued attempt block proposed condition repurchase restructuring plan latest arrangement lucky stores said agreed edelman group mln dlrs expenses include litigation costs agreement serves interests lucky stockholders avoiding significant cost continued litigation accompanying demands management time lucky stores chairman john said statement reuter
dutch cost living falls pct february dutch cost living index base fell pct year mid february pct fall year mid january economics ministry said february index pct january clothing shoe vegetable prices rose february prices coffee heating oil car fuels fell ministry added reuter
morgan grenfell pretax profit mln stg vs mln
sand technology mulling reverse split sand technology systems inc said considering reverse stock split least one expects report second quarter profit compared loss last year stock consolidation something discussing definite sand technology president jerry shattner told reuters interview private placement recently brought number outstanding shares mln mln shares july fiscal yearend company always penny stock shattner said adding sand plans time apply listing montreal stock exchange shattner said company expects report profit five pct dlrs sales seven mln dlrs second quarter ended january results third quarter second added last year sand lost dlrs revenues dlrs second quarter disastrous first quarter sand hopes break even current fiscal year shattner said company back sales forecast mln dlrs mln dlrs projected december rapid appreciation japanese yen u canadian dollars last year led sand loss mln dlrs two cts per share sales mln dlrs first fiscal quarter year company lost dlrs one ct per share sales dlrs shattner believes company post better results year due several factors last year one biggest problems buying products japanese yen buy products hitachi u dollars results starting show second quarter said sand technology sells trademark computer accessories disk drives solid state memory enhancement devices printers manufactured hitachi ltd hit japan shattner said sand affiliate detroit st systems inc developing software large computers handle large share applications also distributing new product called artificial intelligence computer language use major corporations company also reduced costs staff cutting switch profit sharing plans sales staff instead straight commissions shattner said sand plans market laser fourth fiscal quarter shattner said reuter
triton group ltd th qtr jan net oper shr profit nil vs loss nil oper net profit vs loss sales mln vs mln avg shrs mln vs mln year oper shr profit six cts vs profit five cts oper net profit vs profit sales mln vs mln avg shrs mln vs mln note net excludes discontinued operations nil vs gain dlrs quarter loss dlrs vs gain dlrs year net excludes tax loss carryforward dlrs vs reversal tax credit dlrs quarter credits dlrs vs dlrs year results include u press inc november three acquisition reuter
alitalia reports higher net profits italy national airline alitalia spa mi reporting pct rise provisional net profit said carried seven pct passengers domestic routes last year pct fewer passengers flights north america canada alitalia said drop north american traffic due general fall numbers american visiting europe caused fears airline reported provisional net profit rose billion lire billion spokesman said alitalia hoping increase traffic u planned increase number flights italy new york per week reinstate flights boston open direct rome milan los angeles service spokesman announced march alitalia would starting new weekly service shanghai summer programme would adding extra flights european destinations increase pct reuter
attacks affect colombia oil outlook ecopetrol continuous raids oil pipelines foreign exploration endanger colombia present oil manager state run oil company ecopetrol said seems wants end oil told reporters speaking meeting defense minister military chiefs mines energy minister perry review security situation light recent attacks oil rich region venezuela ecopetrol chief security retired general carlos said security measures would armed forces closely gave details said new plans designed hoped would effective stressed despite recent attacks cost four mln dlrs damage overall situation improved compared last december initial measures taken combat wave attacks repeated vital pipeline oilfield caribbean led loss barrels crude reuter
group tendering gencorp says holds pct gencorp common
franklin michigan insured sets payout mthly div cts vs cts prior pay march record march note franklin michigan insured tax free income fund reuter
sudan rejects imf demand devaluation sudan rejected demand international monetary fund currency devaluation move would negative impact economy official sudan news agency reported finance minister quoted said government also rejected imf demand lift state subsidies basic consumer goods monitored british broadcasting corporation said made remarks meeting yesterday imf envoy sudan burdened foreign debt billion dlrs mln dlrs arrears imf declared fresh loans february last year february sudan announced pct devaluation pound dollar adjusting official exchange rate pounds u currency since resisted pressure main creditors currency adjustments arguing past failed boost exports raised local consumer prices sudan also incentive rate four pounds dollar foreign remittances workers dealers black market said dollar sold pounds today import regulations government increasingly short foreign currency black market dollars used finance imports neighbouring countries mainly egypt kenya zaire western diplomats say meetings imf government officials amount formal talks rather effort imf monitor sudan economic performance diplomats said sudan hoped planned four year economic recovery program would acceptable imf serious attempt tackle country economic persuade gulf arab creditors pay imf arrears said could provide sudan bill health imf could take western government creditors informally called paris club reschedule debt payments twenty three pct sudan total foreign debt owed members paris club diplomats said sudan finance minister said last month country imf representative told fund executive board pleased mln dlrs arrears paid past couple months representative said said imf managing director michel said would ask saudi arabia sudan owes billion dlrs help pay sudan annual debt liability nearly mln dlrs set aside mln dlrs service debts fiscal year ending next june reuter
ual said donald trump interested ual stock investment
anacomp acquires datagraphix anacomp inc said acquired common stock datagraphix inc general dynamics corp mln dlrs said purchase financed combination new bank credit agreement private placement senior subordinated notes convertible preferred stock datagraphix sales mln dlrs manufactures line computer output microfilm hardware anacomp sales year ended sept mln dlrs reuter
holdings inc year net oper shr cts vs seven cts oper net vs revs mln vs mln note net excludes tax credits dlrs vs dlrs reuter
baker says u willing cooperate stabilize exchange rates
carolin mines new gold assay results carolin mines ltd said recent assays tailings hope british columbia mine ranged ounces gold per ton trace amounts platinum company said carolin said results sharply disagreed earlier assay performed u inc showed ounce gold per ton ounce platinum per ton carolin also said expects receive results tests assays tailings within two three weeks reuter
south korean trade surplus narrows february south korea customs cleared trade surplus narrowed mln dlrs february mln january provisional trade ministry figures show february deficit mln dlrs february exports rose billion dlrs fob billion january billion february cif imports billion billion january billion february last year reuter
donaldson buy mine safety unit donaldson co inc said reached agreement buy assets filter products division mine safety appliances co undisclosed terms said filter products operate part donaldson industrial group manufacturing operations dixon ill evans city pa donaldson said acquisition business internal research development efforts reuter
co inc st qtr net qtr ends feb shr cts vs cts net vs revs vs reuter
equitable iowa cos th qtr net oper shr cts vs cts oper net vs revs mln vs mln year oper shr dlrs vs cts oper net mln vs revs mln vs mln note net excludes realized gains investment dlrs vs dlrs quarter vs mln dlrs year net excludes discontinued massachusetts casualty operations loss dlrs vs gain dlrs quarter gain dlrs vs gain dlrs year reuter
allis chalmers ah sells swiss unit allis chalmers corp said sold ag unit zurich switzerland private investors undisclosed amount company said produces used air pollution control reuter
belgian december industrial output falls industrial production excluding construction adjusted number working days fell pct december year earlier levels national statistics office said also sharp pct november level said office said production index base stood december adjusted november december reuter
coffee futures six year low dlr lb coffee futures dipped today closed dlr pound first time six years coffee delivery may ended cents pound coffee sugar cocoa exchange cent lowest price since august prices falling steadily since international coffee organization failed february reach agreement controlling exports members pressure renewed week executive board organization met london without reopening debate export quotas executive board limited current discussions administrative matters set thursday supplies pressed market dlr pound february organization discussions aimed establishing export quotas broke sandra kaul coffee analyst new york shearson lehman brothers said supplies currently high point year producing nations completed harvests addition said many nations faced serious debt need sell coffee raise capital keep substantial pressure exporters undertake sales despite drop prices said u demand could sluggish winter period greatest consumption ending prices could fall another cents pound analysts said gold futures retreated modest early gains closed steady silver prices rallied commodity exchange new york increase u banks prime rates prompted concern renewed inflation strength u dollar discouraged new buying market getting mixed signals know way go one analyst said gold futures retreated modest early gains closed steady silver prices rallied commodity exchange new york increase u banks prime rates prompted concern renewed inflation strength u dollar discouraged new buying market getting mixed signals know way go one analyst said reuter
telephone data systems inc th qtr net oper shr cts vs cts oper net vs revs mln vs mln avg shrs vs year oper shr cts vs cts oper net vs revs mln vs mln avg shrs vs note net excludes discontinued operations gain dlrs vs loss dlrs quarter gain dlrs vs loss dlrs year net periods includes charge dlrs investment tax credits reuter
unisys corp uis sets quarterly qtly div cts vs cts prior pay may seven record april seven reuter
western security bank th qtr net shr profit ten cts vs loss six cts net profit vs loss year shr profit cts vs profit cts net profit vs profit assets mln vs mln deposits mln vs mln loans mln vs mln reuter
canamax acquire gold property stake canamax resources inc said agreed acquire pct interest already gold property near ontario paying nine mln dlrs steel corp ltd granting four pct net smelter return royalty payable property drill indicated reserves depth feet estimated one mln tons averaging ounces gold ton canamax said reuter
corp st qtr jan net shr diluted five cts vs cts net vs revs vs avg shrs diluted vs note net includes tax credits dlrs vs dlrs reuter
santos ltd stos year end dec net profit dlrs vs mln
healthmate inc th qtr loss shr loss five cts vs loss six cts net loss vs loss revs vs avg shrs vs year shr loss cts vs loss cts net vs loss revs vs avg shrs vs reuter
metex corp th qtr dec shr cts vs cts net vs revs mln vs mln year shr cts vs dlrs net mln vs mln revs mln vs mln reuter
coca cola ko says rumors incorrect coca cola co spokesman said rumors company interested acquiring wendy international wen true rumors correct said carlton assistant vice president coke stated many times coca cola co interest acquisition food service industry thereby becoming competitor food service customers wendy stock flying high rumors two days today wendy hit high dropping back heavy trading reuter
john sons inc sets quarterly qtly div class cts vs cts qtly div class b cts vs cts pay april record april three reuter
goodyear gt unit start pipeline goodyear tire rubber co said american pipeline celeron corp subsidiary start line fill activities march begins operating company said five mln barrels oil required pack completed segment line runs miles near santa barbara calif existing pipeline west texas construction also week mile inch gathering line deliver barrels day oil san valley california inch main underground line transport barrels daily reuter
graphic media inc year shr nine cts vs cts net vs revs mln vs mln note restated reversal certain tax benefits reflects preferred stock dividend requirements reuter
economic spotlight china must preserve farmland go using farmland done since none left years grow grain middle official edge shanghai china faces feed one billion people time let get building factories new homes china feed one quarter world population one seventh land arable sharp increases farm output since turned china net grain exporter first time rapid occurred time arable land factories homes afford official figures show china lost one pct arable land uses slightly smaller amount last year gained mln new feed two years lost little land prior began official said since nearly families county built new homes many factories gone last year lost land new railway line said land losses future fall nearly families already new houses added issue land loss matter major concern peking leadership announced earlier month china issue nationwide quotas conversion grain land first time year present situation unlawfully land land resources serious said article official press explaining new measures resulted great losses farmland said china large population land resources badly official shanghai city government said county authorities could approve conversion hectares arable land uses anything must approved city government peking government faces another major efforts ensure china people get enough grain prices state pays farmers grain low making profitable grow crops offset state offers farmers cheap fertiliser diesel oil payment advance grain contracts buy state sells grain prices china mln city residents rural factories also subsidise grain output paying farmers bonuses grow officials argue solution problem would state raise city grain prices communist party secretary eastern province said government much demands city people could raise city grain prices without problem government ruled price rise raising price grain would directly conflict goal social stability said china daily editorial month shanghai official said prices must long term must careful large population used price stability object price rises said problem shanghai official said rise grain prices might also affect prices hundreds food products made grain consumed city residents addition state faces problem inadequate investment farmers land grain particular official press reported farmers fear farm policy may change putting new building homes reforms introduced late farmers sign contracts state requiring grow certain crops considerable freedom use land expiration date year contract almost mark farmers beginning worry future china daily said editorial last month stem fact allowed use land period communist rule land little room individual initiative new measures needed reassure government policies make interested long term investment newspaper said reuter
tie telecommunications canada ltd th qtr net oper shr one ct vs six cts oper net vs revs mln vs mln year oper shr cts vs cts oper net vs revs mln vs mln note previous oper net excludes dlrs extraordinary expenses qtr dlr gain year tie communications inc tie holds pct interest reuter
inc rd qtr feb net oper shr cts vs cts oper net vs revs vs nine mths oper shr cts vs cts oper net vs revs vs note net excludes tax loss carryforwards dlrs vs dlrs quarter dlrs vs dlrs reuter
source venture capital inc year shr profit nil vs loss nil net profit vs loss revs mln vs reuter
ghana cocoa purchases still ahead last year ghana cocoa board said purchased tonnes cocoa rd week ended march main crop season compared tonnes previous week tonnes rd week ended march season cumulative purchases far season stand tonnes ahead tonnes purchased rd week last season board said reuter
conrac cax exploring restructuring buyout conrac corp whose board rejected dlr share tender offer mark iv industries inc iv said exploring alternatives restructuring leveraged buyout takeover company filing securities exchange commission conrac said board directors authorized financial legal advisors explore several alternatives mark iv offer said considers inadequate alternatives explored include restructuring leveraged buyout takeover company another company conrac said conrac said board discussed alternatives special meetings march said decision whether adopt alternatives would future actions mark iv tender offer putting effect alternatives explored could hurt mark iv offer said board members also instructed keep confidential terms transaction might entered becomes final company said board also took defensive steps including granting severance agreements officers said board meeting yesterday directors provision allowing holder least one third classes voting stock call special shareholders meeting another provision allowing shareholders remove directors without cause company said defensive moves taken mark iv said planned elect majority directors special holders meeting succeeded majority company common stock offer conrac said conrac president vice president treasurer given severance agreements golden said agreements conrac president paul would get cash payment twice annual salary dlrs last year change control company including acquisition pct company voting stock conrac said treasurer joseph vice president joseph made dlrs last year would get one half times salary change control salary listed sec filing executives would also get cash settlements options plans continuation insurance benefits reuter
u k money market given mln stg late help bank england said provided money market late assistance around mln stg brings bank total help today mln stg compares forecast mln stg shortage system reuter
public service co colorado payout qtly div cts vs cts prior pay may one record april reuter
international corp rd qtr jan shr cts vs cts net vs sales mln vs mln avg shrs vs nine mths shr cts vs cts net vs sales mln vs mln avg shrs vs reuter
first mississippi corp sets payout qtly div six cts vs six cts prior pay april record march reuter
food corp six mths january net shr profit one ct vs loss one ct net profit vs loss revs mln vs mln reuter
international lease finance st qtr net shr cts vs cts net vs revs mln vs mln avg shrs primary vs reuter
systems inc year ended dec loss shr loss cts vs profit cts net loss vs profit revs vs note earnings per share restated retroactively periods reflect pct stock dividend april pct stock split september revenues include progress receivables long term contracts customers reflect elements profit revenues based stage completion long term contracts reuter
british telecom rd qtr ended dec shr p vs p making p vs p nine months pre tax profit mln stg vs mln making billion stg vs billion net profit minorities mln vs mln making mln vs mln note company full name british telecommunications plc l third quarter turnover billion stg vs billion making billion vs billion nine months operating profit mln vs mln making billion vs billion net interest payable mln vs mln making mln vs mln tax mln vs mln making mln vs mln minorities nil vs nil making two mln vs nil reuter
spectrum control inc sets quarterly qtly div cts vs cts prior pay april record april one reuter
norton sell south african operations norton co said agreed sell remaining south african business norton co pty ltd global mining industrial corp south africa undisclosed terms company said unit accounts less two pct norton revenues sold growing pressures united states unsettled situation south africa required amount management norton said unit profitable norton said provide south unit future technical support products agreement continue marketed norton trademark reuter
regency inc ship th qtr net shr profit nine cts vs loss two cts net profit vs loss revs vs avg shrs mln vs mln year shr profit cts vs loss cts net profit vs loss revs mln vs avg shrs mln vs mln note company began operations nov reuter
u senate hits ec oils tax retaliation senate voted proposed european common market tax vegetable fish fats oils said would result retaliation non binding senate resolution sense senate sentiment approved vote administration european community message united states view establishment tax inconsistent european community obligations general agreement tariffs trade result adoption strong immediate resolution stated reuter
corp year dec oper net oper shr profit cts vs loss dlrs oper net profit vs loss revs mln vs avg shrs vs note earnings exclude extraordinary gain debt reorganization chapter dlrs cts share reuter
yeutter plans trade trip china summer u trade representative clayton yeutter said plans july trip china discuss trade issues including china general agreements tariffs trade yeutter told congressional hearing possible china could member gatt end year making major moves becoming full scale member world economy told house appropriations subcommittee agency budget depending negotiations go terms china gatt membership yeutter said could put final u part agreement trip china gatt multinational group nations international rules trade would offer potential export markets potential competition u industries said lot potential well risks u business yeutter said think china develop fine market us added reuter
general nutrition inc th qtr net qtr ends jan shr profit eight cts vs loss cts net profit vs loss revs mln vs mln mths shr profit cts vs loss cts net profit vs loss mln revs mln vs mln note includes provision store closings foreign operations qtr qtr prior includes provision store closing costs unproductive inventory qtr mln qtr prior reuter
uk minister looks ease tension japan u k government hopes deadlock japan trade policies next week visit tokyo corporate affairs minister michael howard political sources said howard leaves japan tomorrow told reuters try promote understanding trade issues visit meanwhile britain examine letter japanese prime minister yasuhiro nakasone promising personal help row u k firm bid win significant role japan telecommunications market government sources said tensions risen following britain decision arm early new statutory powers says could used certain japanese financial institutions britain reacted first letter nakasone prime minister margaret thatcher seeing signal would work towards ensuring satisfactory outcome bid launched cable wireless plc government officials said view since clouded reports tokyo nakasone assurances really little face british anger added reuter
northern states power co votes quarterly qtly div cts vs cts prior qtr pay april record april reuter
baldrige says u impose japanese sanctions commerce secretary malcolm baldrige said united states would go ahead planned mln dlr sanctions japanese semiconductor exports despite u japanese talks avert trade curbs said speech export import group sure united states japan could work dispute unfair japanese trade practices semiconductor trade sure sanctions go work sanctions imposed april also said think would trade war japan japan much value exports united states risk war fears unfounded said told reporters later sharp drop securities market due fears trade war fear inflation federal reserve may act fact market reaction also due said drop value dollar although trade issues effect baldrige said observers drop market trade sanctions wrong tree said market observers realize shortly baldrige said remarks mean suggest anything market exchange rate dollar reuter
economic spotlight japan buying overseas firms u european firms falling japanese corporations cash eager extend reach overseas according merger acquisitions specialists polled reuters already rich japanese companies u banks steel businesses latest attempt fujitsu ltd itsu japan biggest computer maker unsuccessfully bid fairchild semiconductor corp u microchip maker supplies components supercomputers nomura securities co ltd securities co ltd japan two largest brokerage firms seeking u european securities markets country huge banks looking overseas banking takeover specialists said major trading houses see profits heat increased competition merchandise trade foreign businesses shopping lists among manufacturers car parts makers pressure buy overseas companies follow big auto makers move offshore timing favourable japanese parties buy potential overseas businesses especially u japan largest market political risks minimal takeover specialist one trading company said japanese companies become among world series boom export years yen climbed dollar pct past months yen strength also raised costs japan exports allowed asian move traditional markets frozen japanese corporate growth specialists said looming trade friction also threatening barriers japanese exports japanese firms see overseas acquisitions way avoid gloomy growth outlook put excess cash work domestic interest rates record lows offer little investment opportunity japanese interest acquisitions continuous recent economic factors become driving force said banking industry source far though japanese cautious mergers acquisitions among u firms number thousands japanese overseas companies totalled dozen one merchant banker said another merchant banker said japanese acquisition activity originally expected five years time appeared long japanese firms becoming aggressive said turning point seemed dainippon ink chemicals inc takeover bid sun chemical corp u last year analysts saw somewhat hostile added dainippon ink bought sun chemical graphic group mln dlrs late last year earlier unsolicited bid whole company sun chemical refused sell entire business dainippon planned graphic related businesses hostile takeovers considered upon japanese trading company official says japanese people like fighting prefer deals experience overseas japanese companies local practice adds healthy however experts expect japanese run board meetings giant u european concerns japanese companies fully confident managing large u european corporation one banker said expand operations gradually way japanese business foreign merchant banker also noted many deals left united states lot big deals already done medium size small concerns potential targets japanese companies specialists said japanese aiming new businesses high technology areas japanese companies used technology quality get unlikely trend one takeover specialist said many watching results first acquisitions succeed activity could build specialists said specialists going sit back wait action begins already said japanese trading houses long term credit commercial banks foreign merchant banks set research sections act go deals find good buys reuter
bristol myers trust extends expiration americus service corp said americus trust bristol myers continue accept tendered bristol meyers co bmy shares december one extending original expiration date april one eight months common stock price exceeds trust termination price dlrs americus service said trust temporarily closed price underlying stock falls termination price reuter
ivorian chosen cocoa council executive director edouard ivorian delegate international cocoa organization icco chosen executive director icco effective october icco officials said succeed dr kobena erbynn ghana post reuter
treasury balances fed fell march treasury balances federal reserve fell march billion dlrs billion dlrs previous business day treasury said latest budget statement balances tax loan note accounts fell billion dlrs billion dlrs respective days treasury operating cash balance totaled billion dlrs march compared billion dlrs march reuter
safeguard health th qtr loss shr loss cts vs profit cts net loss vs profit revs mln vs mln year shr loss cts vs profit cts net loss vs profit revs mln vs mln note full name safeguard health enterprises inc current qtr year figures include mln dlr reserve estimated loss proposed one third existing offices reuter
reagan says u needs lessen oil imports president reagan said united states must lessen reliance imported oil president reagan said nationally news conference rising u reliance foreign oil problem administration studying study reagan said increased strategic petroleum reserve said reagan said administration already proposed natural gas eliminating windfall profits tax crude oil production however complained congress yet approved measures department energy earlier week released report warned rising u reliance foreign oil imports time domestic production declining suggested options administration consider made specific recommendations reuter
bp scottish refinery set restart week british petroleum bp l co plc refinery grangemouth shut explosion fire hydrocracker march probably back operation towards week end refinery spokesman said said refinery resume half barrels per day bpd capacity work north side complex began end january completed end april said refinery closed longer originally expected due lengthy safety checks carried prior explosion fire one worker killed caused extensive damage central part hydrocracker spokesman said today unit would operation several months remainder refinery including catalytic said inquiries accident happened hydrocracker operation continuing earlier incident two people killed explosion fire refinery march reuter
taft tfb bidders would sell entertainment unit proposed buyout taft broadcasting co dudley taft investors includes plan sell company entertainment group according one investors nelson managing director narragansett capital corp participating buyout plan declined say buyers already lined entertainment group considering selling group nelson said wall street analysts said film studios might interested taft broadcasting co comment dlr per share offer taft mln shares outstanding pct owned taft families dudley taft title president july continues vice chairman company taft narragansett response proposal march plan accepted taft would private company financed high yield bonds bank debt nelson said narragansett investment management company specializing leveraged buyout transactions taft shares climbed causing arbitrageurs say investors believe bidders may raise price robert bass controls pct stock american financial corp holder pct return calls seeking comment dennis analyst oppenheimer co said think worth dlrs noted taft recently agreed sell group independent television stations loss said entertainment group includes hanna barbara studios currently hampered product taft broadcasting never commented reports major stockholders met recently discuss break company said lots options company distribution various pieces major shareholders among possibilities analyst alan l f rothschild inc said bass group increasing stake belief company would worth change strategy said bass pushed sale independent television stations company paid much reuter
ivaco inc year net shr dlrs vs dlrs net vs revs billion vs billion note results include extraordinary gain dlrs six cts share secondary share offering unit reuter
butler sell part unit butler manufacturing co said agreed principal sell part controls division data corp minneapolis terms sale disclosed transaction expected closed march involves controls division energy management power line carrier product lines butler said costs associated sale included restructuring charge taken last year fourth quarter effect earnings reuter
hunt group comdata stake seeks influence investor group led members hunt family dallas texas told securities exchange commission acquired pct stake comdata network inc cdn may try influence company policy investor group led rosewood financial inc said opposes company recapitalization plan worked comdata mason best co texas investment firm last reported holding pct company stock hunt group said offered march buy entire pct stake held shareholder donald carter dlrs received reply yesterday rosewood owned hunt trust estate whose include margaret hunt hill also said notified federal trade commission intent buy pct comdata common stock federal law cannot buy pct comdata stock day waiting period unless ftc gives early approval proposed comdata recapitalization plan company would buy mln common shares dlrs mason best belongs texas partnership would tender stake plan would instead buy another one mln comdata common shares would get representation company board hunt group said told comdata considers required payments plan mln dlr fee issuance warrant buy common shares waste company assets hunt group also includes securities texas firms partners l p ltd said spent mln dlrs comdata common shares reuter
pioneer group unit gets ghana gold land pioneer group inc said pct owned teberebie goldfields ltd venture granted additional concession land ghana seek mine gold state gold mining corp ghana granted venture additional square kilometers teberebie ghana square kilometers granted earlier original concession appears substantial amount gold bearing material containing grams ounces gold per tonne venture firm estimate costs gold assurances given reserves mined profitably company said said teberebie goldfields conducted tests newly granted land added land seems similar geological original land reuter
ajinomoto buy joint food venture partner ajinomoto co inc said sign around end april buy pct foods co ltd capitalised four billion yen already u partner cpc international inc ajinomoto also acquire pct cpc two sales subsidiaries six production units hong kong philippines singapore malaysia taiwan thailand said total cost acquisition mln dlrs spokesman said reuter
progress rubber pact talks reported slow negotiators united nations conference natural rubber making slow progress towards reaching agreement delegates said conference began monday widely seen final effort adopt new international natural rubber agreement inra current one expires october producing consuming countries taking part two week meeting fourth conference nearly two years delegates said sides still appeared divided key issue price adjustment mechanism consumers want frequent price reviews month intervals instead months present proposal currently rejected producers consumers press price adjustment automatic producers resisted reducing role international rubber organization council price adjustment procedure conference chairman manaspas xuto thailand said settle outstanding issues week technical drafting work done next week reuter
g corp raises quarterly dividend qtly div cts vs cts prior quarter payable april record march reuter
coleman sees cts shr st qtr charge heat replacement program
ltd raises payout qtly div cts vs eight cts prior pay april record march reuter
general mining union corp ltd j year net shr cts vs final div cts vs making vs pre tax mln rand vs mln net mln vs mln tax mln vs mln outside shareholders mln vs mln reuter
u k chancellor forecast budget speech gdp growth pct
line software rd qtr feb net shr primary cts vs cts shr diluted cts vs cts net vs rev mln vs mln nine months shr primary cts vs cts shr diluted cts vs cts net vs rev mln vs mln note company full name line software international inc qtr year date results include operations since end october business purchase martin marietta corp ml fiscal ending may company initially adopted statement number required capitalized certain software costs qtr nine months period ended company capitalized pre tax amounts dlrs dlrs development costs respectively reuter
mesa royalty trust monthly payout mesa royalty trust said unit holders record march receive distribution amounting dlrs cts per unit payable april reuter
co th qtr net shr five cts vs nine cts net vs revs vs year shr ten cts vs cts net vs revs mln vs mln reuter
industries inc st qtr dec net shr cts vs cts net vs sales vs note current year net includes gain sale sterling mich plant dlrs another dlrs gain sale sale treated deferred income reuter
new zealand unemployment falls february new zealand unemployment rate fell pct workforce end february pct january pct level february labour department said said number unemployed fell january compared february reuter
u declines comment schlumberger slb move u commerce department spokesman said agency would comment schlumberger ltd announcement terminated agreement principle sell fairchild semiconductor corp unit fujitsu ltd said controversy surrounding venture made unlikely sale could completed time soon sale opposed commerce u defense department part national security grounds commerce chief spokesman b j cooper said department contact schlumberger deal defense department spokesman said agency schlumberger announcement would immediate reaction officials last week told reuters commerce secretary malcolm baldrige defense secretary caspar weinberger joined forces fight planned sale could left u military overly dependent foreign sources vital equipment used high technology weapons administration opposition deal also stemmed ongoing trade tensions united states japan officials said reuter
british minister proposed ec oils tax british minister said proposed european community tax vegetable oils fats would raise price fish chips pledged government would fight lord junior agriculture minister told house tax would raise price raw materials used many processed foods pct said revenue raised consumer called proposal reuter
international thomson organisation ltd year shr p vs p
treasury baker says stands paris pact foster stable currencies
seven oaks international inc payout qtly div four cts vs four cts prior pay april record march reuter
usx x unit raises crude postings marathon petroleum company subsidiary usx corp x said raised contract price pays three grades crude oil effective march illinois sweet indiana sweet raised cts barrel dlrs bbl southern michigan grade raised cts bbl also dlrs bbl west texas intermediate grade unchanged reuter
inc st qtr dec loss shr loss cts vs loss nine cts net loss vs loss sales vs reuter
inc regular dividend set qtly div cts vs cts previously pay april record march reuter
colombian inflation stable around pct colombia cost living index rose pct march pct increase february pct rise march government statistics institute said result brought year year inflation pct compared pct end march pct year ending february government predicted inflation year would slightly lower reached pct reuter
american west bank first qtr net net vs assets mln vs mln deposits mln loans mln vs mln note earnings per share deposits figure supplied company reuter
bankamerica bac post gain unit sale bankamerica corp said completed sale consumer trust services division well fargo co wfc transaction result second quarter pre tax gain mln dlrs sale affect services bank continue providing institutional customers employee benefit trust services division bankamerica also said separate announcement wells fargo said acquisition increase amount personal trust assets billion dlrs last december bankamerica wells fargo announced definitive agreement sale price mln dlrs subject adjustment reuter
foothill group sees better first quarter chairman foothill group inc told reuters company first quarter results sharply last year eight cents share first quarter results dramatically better said following presentation analysts cited sharp drop non earning assets healthy asset growth lower expenses declined predict specific results first quarter first quarter finance company earned dlrs eight cts per share also declined predict full year results said expect excellent year foothill earned dlrs cts per share analysts expect foothill record earnings cts cts share presentation said foothill reduced less five pct company level non performing assets high eight pct previous years david hilton chief financial officer said company general administrative expenses reduced pct average assets pct company average assets mln dlrs continuing operations mln dlrs discontinued operations according annual report reuter
acquires subsidiary finland medical group oy said acquired electronics components importers oy oy subsidiaries finland electronics group oy said statement merged professional electronics information systems division disclose price acquisitions said issued restricted b shares partial payment reuter
cyacq raises offer cyclops dlrs share dlrs
copper stocks outside u increase december refined copper stocks held refineries outside u increased preliminary short tons end december preliminary short tons revised higher end november american bureau metal statistics said london metal exchange stocks fell tons december tons november combined refinery lme stocks rose preliminary tons tons revised higher january lme stocks tons preliminary figures showed refined production outside u lower tons december versus tons november crude output decreased tons tons revised higher refined copper deliveries decreased tons tons revised lower reuter
danish february consumer prices fall pct consumer prices fell pct february rise pct january change february national statistics office said index base fell february january february giving year year increase pct reuter
beneficial corp sell insurance unit removing company insurance business
taiwan money supply rises pct year taiwan b money supply rose seasonally adjusted pct year end february rising pct year january central bank spokesman said month month b fell pct january unadjusted february b billion dlrs billion january billion february money supply grew faster january central bank issued currency bonus payments made workers new year fell january year banking sources said reuter
pantera buy ten pizza restaurants pantera corp said agreed buy ten pizza restaurants southeastern colorado creditors facilities purchase price includes mln dlrs cash company stock said separately pantera said issued area development agreement group northeastern colorado including denver area opening pantera pizza restaurants reuter
exchange rate bill u house panel house banking committee adopted legislation direct u treasury begin negotiations aimed seeking regular adjustment exchange rates countries taiwan south korea whose currencies pegged value u dollar measure adopted part wide ranging trade bill considered full house april moves onto senate bill many provisions also set priority u negotiation stable exchange rates urge government intervention necessary offset fluctuations reuter
swiss sight deposits rise billion francs sight deposits commercial banks swiss national bank rose billion swiss francs billion last days february national bank said foreign exchange reserves fell billion francs billion sight deposits important measure swiss money market liquidity decline foreign exchange reserves reflected dismantling swap arrangements national bank said circulation rose mln francs billion deposits call mainly government funds fell billion francs billion reuter
engineering inc th qtr net shr two cts vs nine cts net vs revs vs mths shr cts vs cts net vs revs mln vs mln reuter
u k money market given mln stg assistance bank england said provided money market mln stg assistance morning compares bank revised shortage forecast around mln stg central bank purchased bank bills outright new dealing rates established yesterday comprised mln stg band one pct mln stg band two pct two mln stg band three pct reuter
mining co th qtr shr loss cts vs loss cts
inc buys undisclosed amount inc said acquired inc houston based custom high pressure process vessels energy petrochemical industries said group companies manufacture cooling systems oil gas petrochemical utility pulp paper marine industries reuter
linde turnover first two months engineering group linde ag f world group turnover rose mln marks first two months pct period management board chairman hans meinhardt said world group incoming orders fell pct mln marks meinhardt told annual news conference excluding exchange rate movements world group turnover rose pct incoming orders increased pct linde expects satisfactory results increased sales year meinhardt gave detailed forecast domestic group net profit rose mln marks mln meinhardt said domestic group turnover rose pct mln marks first two months period last year incoming orders fell pct mln linde ask shareholders annual meeting may raise authorised share capital maximum mln marks nominal issue share warrant bonds maximum issue volume mln marks linde authorised share capital currently stands nominal mln marks meinhardt said would give company necessary flexibility case linde needed additional funds acquisitions declined give details world group turnover rose pct billion marks incoming orders barely changed billion marks meinhardt said without sharp appreciation mark major trading partner currencies incoming orders would four pct prior year level world group turnover heavy plant construction rose pct mln marks incoming orders dropped pct mln marks wake dollar oil price plunge world sales technical gases rose pct billion marks incoming orders gained pct billion marks meinhardt said linde strengthened market position refrigeration sector particularly strong turnover order gains austria italy norway world group sales sector fell pct mln marks incoming orders rose pct mln marks lift truck hydraulic sector saw world group sales rising pct billion marks incoming orders gaining pct billion marks domestic group turnover rose pct billion marks incoming orders increased pct billion marks company producing full capacity reuter
nord est plans mln franc bond issue financial industrial holding company nord est plans make convertible bond issue total mln francs president said told news conference nord est expected receive approval bourse supervisory body cob next two week terms would set according market conditions said issue meant boost capital ahead new investments said company would pay dividend francs unchanged parent company net profit last year rose mln francs mln provisional consolidated profits lower mln francs compared mln mln mln attributable group said lower profit mainly due losses made steel tube maker nord est pct stake said forecast parent company net profit provisions around mln francs reuter
corp th qtr net shr one ct vs five cts net vs revs vs year shr eight cts vs cts net vs revs mln vs mln avg shrs vs reuter
quest medical inc th qtr loss shr loss six cts vs profit two cts net loss vs profit revs vs year shr loss four cts vs profit three cts net loss vs profit revs mln vs mln reuter
baker international corp sues hughes tool seeking merger completion
shv says making tender offer ic gas shv united kingdom holding co ltd said making tender offer mln ordinary shares imperial continental gas association l said statement offer basis p ic gas ordinary p every one stg nominal ic gas loan stock shv already holds mln ic gas ordinary stock units representing around pct current issued share capital successful completion offer would increase shv stake ic gas mln shares representing around pct issued share capital said offer ic gas around one billion stg said tendering ordinary stock loan stock fully converted gave total mln ic gas ordinary making tender offer n ic gas said statement noted shv tender offer terms considered said statement would made soon possible reuter
acquires control u k ticket group consolidated inc said acquired pct stake ticket group plc london undisclosed terms seller also undisclosed ticket special events travel company exclusive european rights ual inc ual united airlines apollo system united airlines flights britain europe ticket subsidiaries also co sponsor various events year including british open henley revenues totaled mln canadian dlrs reuter
economic spotlight polish sanctions poland says u sanctions cost economy billion dlrs made clear wants washington take lead repairing damage lifting remaining restrictions two weeks ago polish officials unable provide precise breakdown figure saying takes account number losses sophisticated convert financial terms one banking source said western economic experts say effect sanctions impossible calculate say poor performance poland economy dismiss billion dlr figure sanctions provided useful achieving bad effect yes contributed largely internal economic problems one said u imposed measures withdrew favoured nation mfn trading status poland retaliation solidarity free trade union law estimated cost polish economy originally devised several years ago institute national economy central planning commission according one western envoy expert polish economic affairs information growth trends trade united states well increases credits western commercial government lenders calculations based time trade booming credits still flowed said estimate projection based high point real scientific evaluation foreign trade ministry official said polish exports u late averaged around mln dlrs annually fallen half since sanctions imposed imports suffered slumping around mln dlrs mln credits ran poland dwindling trade surplus west last year one billion dlrs targeted billion official figures show sanctions lost poland important u markets including agricultural equipment textiles chemicals western economists say credits dried economic political reasons poland west economic relations political reasons said one expert based western economy limit much go giving someone hope repaying another said adding poland benefited global easy credits longer today reality describing billion dlr assessment one diplomat said also included losses orders polish research curbing scientific links exchanges western officials say lifting sanctions new mfn status little impact poland hard currency debt billion dlrs means modernise industry mfn really mean anything poland treated worse countries difficult regain access u market different forces play said one western envoy said polish products competitive quality low trade possible protectionist measures u japan europe would also poland efforts regain entry deputy foreign trade minister recognised fact recently told official news agency recently making lost position take long time difficult certain cases impossible period two three years possible increase level exports mln dlrs poland unlikely seek compensation says right assistance u says imposed sanctions illegally western economist said argument u sanctions unilateral polish economy cut ice americans reply acted crushing solidarity nevertheless polish national bank head talks washington last week international monetary fund imf world bank made clear poland looking lead united states quoted saying poland would meet financial obligations united states short time without cooperative stand part foreign economic partners stressed u particular opportunity play part cooperative policy poland partners interested settlement polish debt putting sharply one senior banking official blamed washington talks world bank imf paris club western creditor governments recent years said play positive role major superpower united states influence international organisations said citing recent meetings aimed stabilising currencies example extent western nations prepared cooperate reuter
spar sees sees strong five year growth spar aerospace ltd reporting sharply lower profit said anticipated solid profit revenue growth next five years looking longer term spar confident continuing concentration advanced satellite based communications electro optical defense systems lead significant growth revenues earnings next five years company said also forecast higher sales due increased order backlog revenues last year fell mln dlrs mln profit fell mln dlrs mln spar added lower development costs communications group return normal operations aviation services remove serious drain profits year attributed reduced earnings communications group losses resulting continued heavy investment new products market development four month strike toronto plants delays receipt authorization customers start work new programs reuter
norstar sets acquisition stock norstar bancorp said agreed principle acquire united national bank n exchanging three norstar common shares united shares outstanding based recent price norstar stock said proposed tax free exchange would market value mln dlrs norstar said acquisition subject approval united holders state federal regulators united assets mln dlrs reuter
renouf corp proceed benequity bid renouf corp new zealand said decided proceed offer outstanding units benequity holdings dlrs per unit company required march two whether proceed offer terminate based ability obtain financing review benequity operations offer expire march reuter
u bill auction rates average pct u treasury said weekly auction three month bills produced average rate pct pct rate six month bills rates compared averages pct three pct six month bills sold last week bond equivalent yield three month bills pct accepted bids ranges pct pct pct bids high rate taken six months yield pct bids ranges pct pct pct bids accepted treasury said received billion dlrs bids three month bills including billion dlrs non competitive bids public accepted billion dlrs bids including billion dlrs federal reserve mln dlrs foreign international monetary authorities billion dlrs bids six month bills received including mln dlrs non treasury accepted billion dlrs including billion dlrs fed mln dlrs foreign international authorities average price three month bills prices ranged average price six months bills prices ranged average yield three month bills highest since pct feb average yield six month bills highest since pct feb reuter
marathon national bank year net shr cts vs cts net vs assets mln vs mln loans mln vs mln deposits mln vs mln reuter
u k money market given mln stg assistance bank england said provided money market mln stg assistance morning session compares bank forecast mln stg shortage system today central bank bought bills outright band two pct comprising mln stg bank bills mln stg local authority bills reuter
agency reports ships waiting panama canal panama canal commission u government agency said daily operations report backlog ships waiting enter canal early today next two days expects due scheduled transit end day backlog average waiting time tomorrow super tankers regular vessels north end hrs hrs south end hrs hrs reuter
financial sets initial dividend financial corp said board declared initial dividend five cts per share payable april holders record march reuter
bhp merge bhp minerals utah international broken hill pty co ltd brkn said merge bhp minerals division utah international inc single business unit common management structure merger effective june retirement utah international chairman chief executive bud wilson bhp said statement new bhp utah minerals international group headed jim executive general manager chief executive officer currently executive vice president utah international bhp said bhp petroleum inc formerly part utah international become subsidiary bhp renamed bhp petroleum international bhp petroleum pty ltd company said bhp also bring queensland coal operations one management structure consolidate minerals marketing sales offices various markets throughout world bhp acquired utah general electric co ge utah assets include stakes pct seven large central queensland mines pct iron ore operation brazil pct la copper deposit chile island copper mine port canada pct coal mine pct gold mine south africa coal mines u bhp minerals assets include wholly partly owned iron ore mines coal mines base metal operations prospects pct gold copper project papua new guinea reuter
gelco corp nd qtr shr cts vs cts
first federal fort myers make purchase first federal savings loan association fort myers said board executed letter intent acquire first presidential savings loan association sarasota fla dlrs cash company said definitive agreement expected executed may transaction expected completed year end purchase price subject increase dollar dollar basis extent net worth first exceeds dlrs time closing company said
closes conditions halted shipping waterway snow cms deep central istanbul city second day running snow winds continued fall istanbul northwest hours weather reports predicted relief another two days port officials said least six large vessels black sea sea waiting conditions improve istanbul international airport closed since yesterday reuter
columbia first takes bank columbia first federal savings loan association said acquired insured deposits first federal maryland based federal savings loan insurance corp first federal six former offices columbia first branches federal home loan bank board closed first federal march first federal assets mln dlrs reuter
u cargo preference continues u agriculture department said begin charging interest tomorrow mln dlrs department transportation dot owes usda pay share cost shipping food aid u vessels usda general sales manager sims told senate appropriations agriculture subcommittee department dot mln dlrs interest amount additional charge would begin accruing april usda foreign agricultural service administrator thomas kay told reuters dot could usda much mln dlrs two departments trying hammer accord fund increasing share food aid required shipped u flag vessels farm bill provision cargo preference sims said agencies near reaching memorandum understanding governing dot would pay share cargo preference costs bill percentage food aid shipments carried u vessels increase gradually three years pct pct although increased cost funded dot sims said department date contributed money reuter
rubbermaid completes acquisitions rubbermaid inc said completed previously announced acquisitions ltd canadian maker cleaning aids little manufacturing licensee ireland terms disclosed acquisition licensee part expansion little european toy market reuter
federated department raises qtly dividend federated department stores inc said raised quarterly common stock dividend cts share cts increase pct company said also approved two one stock split form pct stock dividend time federated said ask shareholders approve increase number authorized shares mln mln federated said dividend payable pre split basis april shareholders record april new shares stock split distributed may said reuter
santa cos th qtr net oper shr cts vs cts oper net vs revs mln vs mln year oper shr dlrs vs dlrs oper net vs revs mln vs mln avg shrs vs note current qtr year figures exclude losses discontinued operations dlrs dlrs respectively disposition gain mln dlrs periods prior qtr year figures exclude gain discontinued operation dlrs loss dlrs respectively reuter
indonesian sugar output seen short target indonesia raw sugar output likely mln tonnes calendar unchanged government forecast mln u embassy said agricultural outlook indonesia bought tonnes raw sugar world markets late report said embassy estimated indonesia calendar raw sugar production mln tonnes government estimate mln said indonesia move sugar self sufficiency may short lived report said government continues promote sugarcane production program relatively high guaranteed price sugarcane producers however considerable indications farmers reluctant plant cane economic return good crops reuter
home federal th qtr loss shr loss dlrs vs profit cts net loss vs profit year shr loss dlrs vs profit cts net loss vs profit note home federal savings loan association net includes tax credits dlrs quarter dlrs year net includes pretax loan loss provisions dlrs vs dlrs quarter dlrs vs dlrs year reuter
hawker siddeley canada sell unit hawker siddeley canada inc said due poor market conditions railway freight car manufacturing plans sell works division nova scotia hawker siddeley said set aside provision mln dlrs proposed sale also said lower earnings due much lower earnings transportation equipment losses steel castings offset gains mining sector improvements equipment hawker siddeley also said demand new railway equipment limited export sales frequently restrained customers financing difficulties demand steel castings canadian continued depressed maintenance requirements lowest level past decade however demand industrial casting due increased hydro electric power generation company said company said manufacturing mining machinery equipment showed greatly improved results u export markets mainly china india division maintained high level activity aircraft engine repair overhaul manufacture engine components sawmill equipment operations affected strike british columbia extended debate u imports canadian lumber encouraging signs yearend company said reuter
int l sees better st qtr international systems inc vice president finance said expects report improved first quarter compared dlr loss reported year ago quarter profit looks quite favorable said last week automated ticket systems supplier reported loss mln dlrs said invested heavily believe result higher future growth earnings company reuter
american sees higher year net american co chairman gerald said company record higher earnings first quarter full year addressing analysts said first quarter results extremely encouraging results show significant improvement american earned mln dlrs dlrs per share adjusted two one stock split first quarter company reported net income mln dlrs including one time gains sale assets dlrs per share stock adjustment first quarter american record one time gain cts per share sale shares group subsidiary gain slightly higher expected gain company predicted february additional shares unit sold response question said american investment jefferies co small another investment said according press reports american owns pct jefferies largest single shareholder yesterday jefferies chairman founder brokerage firm bearing name resigned firm said would two charges breaking securities laws responding another question said aids related claims small portion claims made american insurance subsidiaries reuter
canada building permits rise november led non residential sector canadian building permits issued november rose pct billion dlrs seasonally adjusted billion dlrs october statistics canada said residential permits fell pct billion dlrs billion dlrs october number units approved fell units value non residential projects rose pct mln dlrs month reuter
george ltd year net shr dlrs vs dlrs net mln vs mln revs billion vs billion reuter
att phone proposal help profits american telephone telegraph co proposal deregulate long distance phone service unlikely produce radical change phone rates help company profits analysts said deregulation mean pricing discounts large volume users status residential users said painewebber group analyst jack proposals scrap pricing formula company profits long distance business leading higher profit margins analysts said att long pushed deregulation long distance business profits limited regulated rate return company investments rate cut last year pct earlier today company proposed federal communications commission scrap formula cut amount time needed approve rate proposals leave competitors oppose filings mci communications corp made similar filing yesterday saying greater moves would increase competition telephone business analysts said proposals allow att cut costs long distance unit increase profit margins previously rate return many said expect proposals lead higher prices industry simply competition phone industry giant faces probably see much price decline said gartner group analyst see rise said proposals allow att raise lower prices depending market give att lot flexibility said att faces period comment number companies able respond proposals fcc hearings may face least one strong u sprint long distance joint venture gte corp gte united telecommunications inc ut think congress fcc establish reasonable rate return someone establish u sprint spokesman said added company opposed greater competition may also take time proposals go process may altered various affected move much much inertia much speaking mechanisms happen fast said analyst victor gartner group reuter
corp th qtr net shr dlrs vs two dlrs net vs sales mln vs mln year shr dlrs vs dlrs net vs sales mln vs mln reuter
almost dead ferry disaster british cross channel ferry disaster belgian coast almost people seem certain senior belgian official said jacques charge rescue herald free enterprise said men ship except control room said said crew confirmed dead bringing total dead dead reuter
u credit markets end extreme pressure u credit market ended extreme pressure dollar continued slide currency markets triggered u securities sales pushing prices lows dealers analysts said said one money market economist trading state total panic times today said another dollar fall year low yen key pct year treasury bond price fell nearly two points close compared friday corresponding yield jumped pct reuter
lvi group inc lvi th qtr oper net oper shr profit two cts vs loss cts oper net profit vs loss revs mln vs mln avg shrs mln vs mln year oper shr profit cts vs loss cts oper net profit vs loss revs mln vs mln avg shrs mln vs note th qtr year oper net excludes gain dlrs dlrs respectively carryforwards loss dlrs dlrs respectively early extinguishment debt th qtr year oper net excludes loss dlrs cts per share loss dlrs cts per share respectively discontinued operations reuter
mcfarland buy petrominerals mcfarland energy inc said board petrominerals corp approved definitive agreement mcfarland acquire petrominerals exchange stock mcfarland said would exchange one common share petrominerals shares mcfarland said former holders petrominerals pct interest combined company merger still subject approval shareholders companies reuter
bermuda star line make acquisition bermuda star line inc said agreed principle acquire passenger shipping ltd use new york montreal northeast starting summer company said working conclude lease financing financing purchase ton vessel delivered early april renamed canada star terms disclosed reuter
inc th qtr net oper shr profit cts vs loss cts oper net profit vs loss revs mln vs mln avg shrs mln vs mln year oper shr loss dlrs vs loss cts oper net profit vs profit revs mln vs mln note per share figures come preferred dividends excludes fourth quarter full year extraordinary gains cts cts per share respectively reuter
american oil gas corp th qtr loss shr loss cts vs loss dlrs net loss vs loss revs mln vs mln year shr loss cts vs loss dlrs net loss vs loss revs mln vs mln note results restated reflects equity investment inc one month ended dec investment american well servicing months ended nov full year net include loss dlrs dlrs respectively equity predecessor operations reuter
bankamerica bac says bank turning around bankamerica corp chairman w clausen said bank holding company turning around back road profitability speech san francisco chamber commerce clausen said absolutely convinced bankamerica would return position fundamental achieving goal continue reduce costs dramatically get arms around loan loss problems begin reduce charge offs enhance revenue generation clausen said clausen said doubts bankamerica would position year make acquisitions experience growth said bankamerica continue reduce staff operations noting expense growth increased one pct expenses clausen also said continue phase overseas retail banking concentrate wholesale banking emphasis premium list multinational corporations reuter
u cotton certificate expiration date extended expiration dates upland cotton certificates issued upland cotton program extended agriculture department announced certificates extended shortage commodity credit corporation inventory available exchange certificates usda undersecretary amstutz said presently upland cotton commodity certificates expire nine months last day month issuance new procedure current outstanding new upland cotton certificates issued upland cotton program expiration date either february nine months last day month certificate issued later reuter
icco members accept buffer stock principles international cocoa organization icco producers consumers accepted principles compromise proposal buffer stock rules basis negotiation delegates said buffer stock working group asked icco executive director kobena erbynn wrote draft compromise details principles assistance representative group delegates said working group broke day smaller group five producers five consumers discuss administrative rules group headed erbynn hammer buffer stock rules details delegates said delegates said many differences opinion still start getting details gather one delegate said erbynn likely present details buffer stock rules proposal working group early tomorrow delegates said principles draft proposal included establishing offer system buffer stock purchases rather posted price system limit amount non icco member cocoa bought differentials paid different varieties cocoa comprising buffer stock delegates said reuter
noranda raises primary aluminum prices noranda aluminum inc said increased primary aluminum prices two cents lb effective new orders march shipments beginning may new price ingot cents lb new price extrusion billet cents lb reuter
advance circuits inc nd qtr feb net oper shr profit one cts vs loss cts oper net profit vs loss revs mln vs mln six mths oper shr loss cts vs loss cts oper net loss vs loss revs mln vs mln note results exclude credits cts shr periods refinancing debt reuter
cocoa consumers accept compromise buffer plan consumer members international cocoa organization icco accepted final buffer stock rules compromise condition producers also agree consumer spokesman peter baron said full council meeting gmt discuss compromise put together yesterday icco chairman denis bra kanon consumer delegates said optimistic council could reach agreement rules fairly quickly reuter
newport electronics inc th qtr net oper shr loss nine cts vs loss four cts oper net loss vs loss sales vs year oper shr profit cts vs profit cts oper net profit vs profit sales mln vs mln avg shrs vs note current qtr year figures exclude operating loss carryforward gain dlrs vs gain dlrs prior year periods reuter
canada manufacturing utilization rate rises utilization canadian manufacturing capacity rose pct fourth quarter pct third quarter statistics canada said although change small marked first quarter since third quarter utilization rates manufacturing whole rose federal agency said increased residential construction led strong increases building materials sector led pct increase non mineral industries reuter
u k money market receives mln stg assistance bank england said provided money market mln stg help afternoon session bank operate market morning earlier revised estimate shortage system today mln stg mln central bank purchased bills outright band one pct comprising two mln stg local authority bills mln stg bank bills reuter
federal bank fsb raises dividend qtly div nine cts vs cts prior qtr payable april record march reuter
enterprises inc th qtr loss shr loss two cts vs profit three cts net loss vs profit revs vs avg shrs vs year shr loss cts vs profit four cts net loss vs profit revs vs avg shrs vs notes revenues exclude hospital television rental business sold dec losses periods include gain dlrs sale discontinued business reuter
gulf canada damage gulf canada corp said material drilling site sea caused danger environment yesterday federal department energy charged gulf canada eight illegal dumping powdered cement drilling september last year charges carry maximum dlr fine count gulf said government charges relate materials without permit environmental damage resulting action gulf said voluntarily informed appropriate government officials material company also said none material within miles added one materials cited mineral sea drilling operations reuter
hre properties hre st qtr ends jan net shr cts vs cts net vs revs vs note qtr includes dlrs two cts per share gains sale property vs gain less one cent per share prior qtr reuter
u k money market given mln stg late help bank england said provided money market late assistance around mln stg takes bank total help today billion stg compares estimated deficit around billion reuter
envoy nakasone prepare u visit japanese ambassador u suggested prime minister yasuhiro nakasone make efforts present advanced proposals trade issues visits washington next month ambassador matsunaga made recommendation meeting nakasone news service said matsunaga also advised prime minister prepared discuss u japan economic issues matsunaga cited issues u japan micro chip trade pact foreign access kansai international airport project new international telecommunications firm matsunaga returned sunday report japanese leaders recent u developments trade preparation nakasone visit washington april may quoted nakasone telling reporters meeting envoy entirely accept ambassador matsunaga recommended nakasone elaborate u japan trade dispute last week president ronald reagan said u would impose heavy tariffs japanese imports retaliation alleged japanese breach computer chip trade pact meanwhile nakasone ruling liberal democratic party ldp consider measures boost imports open japanese market government purchase supercomputers expanding foreign access kansai airport project party sources said ldp international economic affairs council responding nakasone request measures reduce japan increasing trade surpluses u europe said reuter
ohio mattress acquisition settlement ohio mattress co said executed definitive agreement acquire sealy mattress co michigan inc detroit licensee ohio mattress pct owned sealy inc subsidiary transaction also involves settlement sealy michigan sealy company said completion acquisition sealy stock owned michigan sealy redeemed raising ohio mattress interest sealy pct michigan sealy litigation sealy alleging violations antitrust laws sealy recently found mln dlrs damages michigan sealy acquisition agreement company said sealy enter cash settlement litigation michigan sealy company said shareholders michigan sealy receive total mln dlrs subject adjustment acquisition settlement subject regulatory approvals michigan sealy sales mln dlrs reuter
cocoa buffer stock rules effective immediately cocoa buffer stock rules decided international cocoa organization icco council take effect immediately delegates said means buffer stock manager likely begin buying cocoa within two three weeks communication systems assessing market said reuter
combustion csp completes accuray buy combustion engineering inc said completed previously announced acquisition accuray corp merger closed friday dlrs per share reuter
enterprises inc year net shr dlrs vs cts net vs revs mln vs mln reuter
philippines social security buy san miguel shrs philippines social security system planning buy eight mln shares diversified brewer san miguel corp smc smc chief financial officer ramon del rosario said told reporters government organisation expressed interest one seat smc man board preparing invest mln pesos assuming purchase price pesos share shares involved proposal part block mln shares owned united coconut planters bank ucpb sequestered government block split class class b stock smc also proposed sell five mln shares n soriano corp family company san miguel president andres soriano del rosario said shares worth mln pesos recent prices del rosario said mln b shares block open foreign ownership would probably sold unidentified foreign purchasers said smc ucpb would meet later week try resolve disputes pricing shares president corazon aquino earlier month established arbitration panel settle row disposal shares initial sale soriano smc hong kong unit neptunia corp blocked presidential commission good government commission sequestered stock suspicion real owner block eduardo former chairman san miguel ucpb close associate former president ferdinand marcos reuter
sun sun raises heating oil barge price sun co sun refining marketing co subsidiary said raised price charges contract barge customers heating oil new york harbor cent gallon effective today increase brings contract barge price cts gallon sun said reuter
bass group emerges possible taft tfb bidders bass group thought analysts eager sell holdings taft broadcasting co emerged another potential bidder ohio broadcasting company bass group holds pct taft said talked taft stockholders company managers directors concerning participation group acquire control company bass group said talks taft stockholders members taft management participating group acquire control group led wealthy bass brothers fort worth texas identify people talks taft said friday would negotiate vice chairman dudley taft group dlr per share billion dlr offer company time company said authorized adviser goldman sachs co explore takeover proposals supply financial data interested bidders indeed reason dudley taft longer president bass group see backing deal said one analyst asked identified think wanted way like going join group buy said edward media analyst smith barney harris upham co analysts speculated carl lindner may interested acquiring company speculated may one shareholders talks bass group lindner chairman american financial corp holds pct taft immediately available comment analysts said strength taft stock price compared see breakup values company several analysts estimated break value less one analyst said believes breakup value dlrs per share taft stock closed investors saying another one another family dispute said dennis oppenheimer reuter
general cinema corp class b dividend qtly div class b cts vs cts pay april record april reuter
northern telecom ltd declares stock split two one stock split pay may note split subject approval shareholders april annual meeting company also said increase dividend post split shares six cts five cts reuter
coastal bancorp sets quarterly qtly div five cts vs five cts prior pay april record march reuter
bankamerica says st qtr net cut mln dlrs due brazilian loans
sri government stop importing sugar food department longer import sugar april senior officials food cooperatives ministry department told reuters said decision taken sugar importers association asked sugar trade food department cease trading sugar longer hold buffer stock senior official said said government finalised agreement e f man sugar ltd e f man hold buffer stock government behalf tonnes tonne buffer stock usually held department officials said size buffer stock reduced private sector hold stocks agreement e f man includes details trigger pricing mechanisms said four months ago department allowed private sector import sugar without government clearance department private sector imported around tonnes sugar last year national consumption tonnes importers association official said even department longer imports sugar would necessarily buy association would still compete cooperatives wholesale establishment said semi government body official said arrangements made state cooperatives holders food subsidy draw sugar starting april ministry officials said either import sugar buy local scheme run e f past two years reuter
cpl th qtr net shr cts net revs year shr cts net revs note full name cpl real estate investment trust company formed dec reuter
allwaste alws make acquisition allwaste inc said agreed principle acquire air moving related industrial services company identify dlrs common stock reuter
australian reserve bank cuts rate reserve bank australia morning cut rate pct pct rate bank buys back treasury notes market sources said cut reflected recent easing market interest rates also pointed yesterday treasury note tender mln dlrs week notes went average yield pct last week mln dlrs week notes went average last week reuter
wtc international sets south africa trust wtc international n v said sold affiliates south africa independent trust created continue operations country purchase price mln dlrs represented ten year interest bearing note payable annually pct paid trust proceeds south african operations company said wtc said board concluded view social political economic south africa best separate company interests reuter
corp hikes qtly dividend discount corp new york said board directors increased quarterly cash dividend cts share cts share said dividend payable april shareholders record april since last two one stock split may declared cnt per share dividends first three quarters final fourth quarter dividend based total earnings year previously announced said board also recommended two one common stock split shareholders split approved may annual meeting quarterly dividend rate adjusted cts share said reuter
go round enterprises inc th qtr jan end shr cts vs cts net vs sales mln vs mln year shr dlrs vs dlrs net vs sales mln vs mln reuter
court tender bancroft bancroft convertible fund said u district court district new jersey issued preliminary injunction zico investment holding inc tender offer bancroft said court order zico buying shares tendered offer began feb tender offer blocked court zico offered buy shares pct bancroft outstanding stock dlrs share previously zico bought bancroft shares dlrs share giving pct company recent offer gone zico would owned slightly pct bancroft outstanding shares reuter
u official sees evidence export growth sprinkel chairman white house council economic advisers said sees growing evidence u export volumes finally strengthening remarks prepared speech today los angeles sprinkel said decline dollar value since largely restored u cost competitiveness world markets appeared signal end u trade imbalances confident improvements trade performance contribute significantly u growth said reuter
h b fuller co full st qtr feb net shr cts vs cts net vs sales mln vs mln reuter
usda asks tight rules grain shipments u agriculture department proposing tighter federal standards setting allowable limits grain shipments changes standards would include following establishing equal number live insects shipments food grains feed grains oilseeds revising definition give equal value insects grain establishing lower levels level would set three live insects per representative sample grams two insects final level would set one live insects per representative sample revising definition sample grade adding limit live dead insects per sample revising definition sample grade wheat adding limit damaged per grams wheat department asked public comments proposals april reuter
systems files offering systems corp said filed offering common shares adjustment recent two one stock split including sold shareholders company said lead underwriters alex brown sons inc absb donaldson lufkin jenrette securities corp offering expected made early april company proceeds used repay short term debt working capital possible acquisitions said offering mln shares outstanding reuter
resource corp details gold assays resource corp said recent drilling deposit extended high grade width feet assays ranged ounces gold per short ton foot interval depth feet ounces gold per ton foot interval depth feet reuter
dart darta makes offer supermarkets sgl dart group corp said offered buy supermarkets general corp dlrs per share cash earlier supermarkets general said unsolicited third party made offer analysts estimated value billion dlrs based mln shares outstanding kidder peabody co inc told dart kidder affiliate prepared advance mln dlrs subordinated basis
kentucky central life sets payout kentucky central life insurance co said declared semi annual dividend cts per share payable march shareholders record march dividend equal company previous semi annual payout reuter
hughes supply inc th qtr net shr cts vs cts shr diluted dlrs vs dlrs net vs sales mln vs mln year shr dlrs vs dlrs shr diluted dlrs vs dlrs net vs sales mln vs mln reuter
bahrain new money market regime bahrain introducing new domestic money market regime provide dinar liquidity aid centred island newly launched treasury bill programme bahrain monetary agency issued commercial banks outlining new policy april gives liquidity aid sale repurchase agreements treasury bills released officially reuters said current arrangements providing liquidity aid longer valid except quite exceptional circumstances current system agency provides island commercial banks dinar liquidity means short term swaps u dollars less frequently short term loans secured government development bonds agency considers appropriate replace operations short term assistance based government bahrain treasury bills banks states agency said repurchase treasury bills agreement bank higher price reflect interest charge agency said repurchase agreements normally period seven days bahrain launched weekly tender two mln dinars day treasury bills mid december last year since raised total mln dinars programme bahrain commercial banks currently liquid making little use traditional dollar swaps offered agency banking sources said new regime april mean banks cannot afford hold treasury bills case need funds central bank banking sources said half banks hold treasury bills although need others take paper could increase demand weekly tenders push allotted yields slightly last week yield six pct although programme started end last year rates low pct banking sources said cost liquidity repurchase accords much dollar swaps bank using dollars obtain liquidity would interest u currency underlying treasury bill investment unaffected repurchase accord reuter
brazil seamen continue strike despite court hundreds marines alert key brazilian ports seamen decided remain indefinite strike even higher labour court saturday ruled illegal union leaders said halt first national strike seamen years started february union leaders said would return work unless got pct pay rise shipowners offered per cent raise seamen rejected nothing lose want lay workers fine determined carry protest end union leader said said decided meeting marines take ships seamen would abandon vessels let marines handle situation spokesman rio de janeiro port said order send marines take ports given navy minister grounds ports areas national security said incidents strike cut exports imports made estimated ships idle petrol station owners four states also continued shutdown fears combination two could lead serious fuel shortage reuter
cts cts dynamics reach accord cts corp dynamics corp america reached agreement resolving outstanding differences according joint result settlement special committee board directors cts stopped soliciting offers buy part company said cts dca also agreed dismiss pending litigation two companies except one appeal pending u supreme court relating indiana control share chapter said agreement cts board immediately reduced seven eight four current directors three representatives dca elected board said board presented slate cts annual shareholders meeting added cts directors recommend shareholders approve dca mln dlrs expenses relating cts grant dca option buy pct cts shares said addition dca said agreed limit ownership cts year following annual meeting pct outstanding stock dca currently holds pct outstanding shares cts companies said support agreement believe fair sides reuter
caesars world inc said board rejects martin sosnoff tender
fed approves chemical new york chl merger chemical new york corp texas bancshares inc said federal reserve board approved proposed billion dlr merger companies also said securities exchange commission declared effective march registration statement covering securities chemical issue texas bancshares shareholders part merger companies said expect complete merger create bank billion dlrs assets end second quarter merger still requires shareholder approval reuter
u says canada complying lumber pact commerce department said canadian firms begun pay agreed pct softwood shipped u markets made statement talks canadian officials rumors canada exporters paying charge canada u agreed last december pct charge ending lengthy trade dispute alleged canadian subsidies canada softwood exporters commerce officials declined say canadian companies charge said following talks convinced exporters complying agreement undersecretary commerce bruce smart said learn companies canada begun paying export charge lumber added agreement important health u lumber industry intended see fully carried reuter
royal gold silver corp st qtr net ended january shr profit two cts vs loss one ct net profit vs loss sales vs nil note includes gain dlrs sale reuter
buys cox radio station unit guaranteed broadcast partners l p said bought inc cox enterprises inc mln dlrs cash said owns operates fm philadelphia radio station transfer license approved federal communications commission guaranteed said limited formed acquire operate radio tv stations said communications group inc general partner reuter
inc sets quarterly qtly div cts vs cts prior pay april six record march reuter
ben jerry inc th qtr net shr cts vs two cts net vs sales vs avg shrs vs year shr cts vs cts net vs sales mln vs avg shrs vs reuter
peninsular oriental year earnings per one stg deferred stock p vs div p making vs turnover billion stg vs billion pretax profit mln vs mln tax mln vs mln note company full name peninsular oriental steam navigation co plc l net operating costs billion stg vs billion share profits associates mln vs mln operating profit mln vs mln investment income mln vs mln net interest payable mln vs mln employee profit sharing mln vs mln minority interests mln debit vs mln debit extraordinary items mln credit vs mln credit group operating profit includes service industries mln vs mln passenger shipping mln vs mln construction development mln vs mln container bulk shipping mln vs mln p australia mln vs mln banking nil vs mln investment property income mln vs mln reuter
valley resources vr sets stock split ups payout valley resources inc said board declared three two stock split raised quarterly cash dividend pre split shares cts cts company said split dividend payable april holders record march reuter
electric auditors qualify annual report new england electric system auditors qualified utility annual report uncertainty whether oil gas subsidiary recover investments qualification noted annual report new england electric released security analysts meeting today auditors also qualified company report reason noting sharp drop oil gas prices early president samuel told analysts utility take write mln dlrs federal regulators allow company pass losses cited accountants rate reuter
white house unit decides semiconductors white house economic policy council made recommendation president reagan whether retaliate japan alleged unfair practices semiconductor trade u officials said would disclose council recommendation officials said earlier likely council would call retaliation urge curbs imposed japanese exports united states officials said might several days reagan would act moves made public senate last week unanimously called reagan impose japanese exports retaliation also called semiconductor industry chief trade union hard hit japanese semiconductor trade pact last summer japan summer agreed stop dumping semiconductors less cost united states nations open market u products return united states agreed hold imposing anti dumping duties japanese semiconductor shipments u officials say japan stopped dumping semiconductors american market continued dump third countries japanese market remained closed u semiconductors semiconductors american market continued dump third countries japanese market remained closed u semiconductors reuter
ec commission rejects sugar threats sources european community commission told ec member states prepared discuss ec sugar prices sugar traders threaten make huge sale intervention stocks protest policies commission sources said position willing discuss problems market prices time traders making threats one source said sources said commission view made clear meeting sugar management committee today said french west german dutch officials informed committee traders countries intended sell tonnes sugar ec intervention stocks commission would sell sugar sold intervention back onto ec market tender move would push prices sources said french traders planned sell tonnes intervention stocks west german traders tonnes dutch traders reuter
norstar bancorp fleet financial group agree merge
sale buys stake u insurance broker sale plc said purchased pct ordinary share capital b r international inc u insurance broker mln dlrs sale paying mln dlrs cash completion balance plus interest paid equal next six years b r posted pretax profit dlrs year dec net tangible assets dlrs reuter
energy co th qtr shr loss dlrs vs profit five cts net loss mln vs profit revs mln vs mln year shr loss dlrs vs profit cts net loss mln vs profit revs mln vs mln note th qtr includes write dlrs cts assets mln dlrs year includes mln dlrs st qtr writedown reuter
usair gets approval buy piedmont shares tender
home savings durham sets stock dividend home savings loan association inc durham n c said board declared pct stock dividend payable april holders record april three reuter
cable new japanese offer cable wireless plc cawl l said new proposals unveiled japan become core member merged telecommunications firm compete telecommunications contracts remove group objections suggestions federation economic organisations official fumio watanabe formal announcement proposals made earlier week reported japanese press cable pct stake one two groups trying compete japan kokusai denshin denwa co ltd japan overseas telephone business cable spokesman said still believed merger two consortia would like oil water said japanese authorities want one competitor proposed two consortia band together issue taken british government test case japanese markets watanabe latest proposals said eight core companies new group equal share holdings added could work precise reports earlier week said cable would offered five pct stake originally proposed three pct despite apparent differences stakes offered cable spokesman said two offers appeared essentially cable shares gmt quoted nine pence firmer p reuter
esso malaysia reports higher profit esso malaysia bhd unit exxon corp u reported net profit mln ringgit petroleum operations compared mln chairman gerald f cox said improved performance mainly due product prices falling slowly crude prices year added total sales volume increased result higher offtake affiliated companies inland market sales maintained around previous year levels growth prospects remained weak results unlikely repeated current financial year reuter
french economic council pessimistic growth france economic social council advisory body comprising trade representatives sectors french economy said country annual growth may reach two pct french gross domestic product risks reaching two pct growth registered last year council said report first quarter economic activity without giving specific forecasts finance minister edouard balladur quoted today saying french growth probably two pct balladur said interview financial daily country economic growth probably last year due less favourable international environment president said one major fears french economy year inflation absolute priority told journalists adding failure would extremely serious would difficult reverse many years reuter
zinc producers approach ec voluntary closures number individual zinc producing companies approached european commission sound reaction possible industry plan voluntary reduction smelting capacity commission sources said companies told commission could judge whether plan would acceptable european community ec competition rules full details said industry drew plan loss tonnes annual capacity pct total however industry proceed plan zinc market conditions improved sources noted said companies approached commission recently name appeared loss productive capacity similar proposed reuter
america first mortgage sets special payout america first federally guaranteed mortgage fund two said making special distribution cts per exchangeable unit includes cts return capital cts income gains reuter
soros lifts king world stake pct new york investor george soros investment fund controls said raised stake king world productions inc shares pct total outstanding shares pct filing securities exchange commission soros said group bought net king world common shares jan march prices ranging dlrs share reuter
allied selling michigan units allied supermarkets inc said entered definitive agreement sell michigan operations mln dlrs cash debt plus assumption substantially allied liabilities senior subordinated debentures said operations sold foods inc corporation formed members existing management including chairman david page president transaction conditioned allied pending merger cos inc reuter
ag f year september domestic group net profit mln marks vs mln parent net profit mln vs mln dividend six marks vs parent payment disclosed reserves mln vs mln reuter
votes two one split co said directors voted two one split payable june one record april reuter
philippines liquidity rises loan demand falls liquidity philippines rose december loan demand short term lending rates fell central bank said bank official said rose pct provisional billion pesos end december month earlier year year gain pct said short term bank lending rates fell annualised pct end december pct month earlier pct end december poor loan demand rise commercial bank reserves official said bank official said commercial bank reserves billion pesos end december reserves required billion said surplus mln pesos compared deficit mln pesos month earlier deficit billion end reflected political uncertainty last quarter reserve money total available monetary authorities provisional billion pesos end pct billion end november pct billion december bank official noted includes money supply plus savings time deposits deposit substitutes billion pesos end december money supply rose provisional pct billion pesos end december billion month earlier year year rise pct billion end december bank official said broader measure measures notes coins circulation plus savings time deposits rose provisional pct billion pesos end december billion month earlier rose pct billion end december said deposits commercial banking system rose billion pesos end december billion end billion end reuter
aetna reaches agreement buy company aetna life casualty co said reached agreement acquire pct interest universal life general insurance bhd malaysian composite insurance company company said pct balance continue owned malaysia group private investors transaction valued approximately mln dlrs expected completed march reuter
alpha industries sells division alpha industries inc said sold division corp undisclosed terms retroactive february one said division yearly revenues mln dlrs makes microwave components defense electronics industry alpha said plans concentrate high portion spectrum reuter
fed sets two billion dlr customer repurchase fed says
talks acquire hmo health systems inc said negotiations acquire capital health care member health maintenance organization servicing salem ore company said disclose terms details acquisition negotiations completed reuter
ico quota talks continue outcome hard gauge talks extended special meeting international coffee organization ico reintroduction export quotas continued chances success still almost impossible gauge delegates said producer delegates meeting examine colombian proposal resume historical quotas april september promise define specific new criteria new quota system would calculated september new crop year said opinions among delegates potential reaching quota agreement widely consumers said mood meeting seemed slightly optimistic brazil unwillingness traditional pct export market share looks likely preclude accord delegates said fresh proposals colombian initiative tabled formally today delegates said full council meeting set hours progress report delegates said reuter
communications corp loss shr loss vs loss net loss vs loss rev mln vs mln note net includes loss mln dlrs restructuring charges reuter
inc th qtr loss shr loss cts vs profit cts net loss vs profit sales vs avg shrs vs year shr profit one ct vs profit cts net profit vs profit mln vs mln avg shrs vs reuter
thailand foreign reserves fall february thailand foreign reserves gold special drawing rights convertible currencies fell billion dlrs end february billion previous month billion held time last year bank thailand said said reserves equal five months worth imports reuter
american city sets initial preferred div american city business inc said declared initial dividend cts share recent issue mln shares convertible exchangeable preferred stock dividend payable march shareholders record march american city said adding future dividends paid quarterly basis preferred stock issued february reuter
middle south form new dividend policy middle south utilities inc taking approach new common stock dividend policy chairman edwin said told securities analysts company common dividend resumed initial rate appear conservative industry standards relation net income cash flow progress determine soon reinstate dividend common stockholders said company last paid common dividend cts share july told analysts company primary objective create financial strength enough strength happened us stockholders past couple years never happens company faced regulatory challenges rates proposed cover cost grand gulf nuclear plant said middle south net income expected post modest growth next three years company earned mln dlrs dlrs share revenues billion dlrs said good portion improvement projected next three years comes keeping operating maintenance expenses reuter
babcock expects progress babcock international plc l said statement accompanying final results showing pretax profits mln stg mln overall progress expected predicted slowdown u automobile industry affecting north american group although improved performance european group expected continue year u k overall profitability improve central electricity generating board programme nuclear fired fuels starts reuter
united companies declares stock dividend united companies financial corp said board declared two pct stock dividend payable april eight holders record march board also declared regular quarterly cash dividend cts payable april one holders record march reuter
brown boveri omits dividend plans warrant bond bbc ag brown boveri und cie z said omit dividend second consecutive year said planned shareholders non voting stockholders subscribe warrant bond issue around mln swiss francs made june annual meeting value stock rights roughly dividend francs per share paid company also plans issue participation certificates par value mln swiss francs existing shareholders excluded reuter
cra ltd net net mln dlrs vs mln shr cents vs final div announced july vs final cents making sales revenue billion vs billion investment income mln vs mln shrs mln vs mln note net tax mln dlrs vs mln interest mln vs mln depreciation mln vs mln net extraordinary loss mln vs profit mln reuter
inc year net shr dlrs vs cts net vs revs mln vs mln reuter
international co inc th qtr loss oper shr loss cts vs loss cts oper net loss vs loss revs mln vs mln year oper shr profit nine cts vs profit two cts oper net profit vs revs mln vs mln note net excludes extraordinary tax charges dlrs vs dlrs quarter credits dlrs vs dlrs year year net includes pretax gain dlrs termination pension plan net includes pretax charge dlrs quarter gain dlrs year restructuring consolidation quarter net includes dlr tax credit year net includes pretax gain mln dlrs sale foreign subsidiary reuter
circuit city stores inc sets quarterly qtly div cts vs cts prior pay april record march reuter
sugar quota imports detailed usda u agriculture department said cumulative sugar imports individual countries quota year began january ends december follows quota allocations quota year short tons raw value cumulative quota imports allocations argentina nil australia nil nil nil bolivia nil brazil nil canada nil quota imports allocations colombia nil costa rica nil ivory coast nil dom rep ecuador nil el salvador nil fiji nil gabon nil quota imports allocations guatemala nil nil haiti nil honduras nil india nil jamaica nil madagascar nil nil quota imports allocations nil mexico nil panama nil papua new guinea nil nil peru nil philippines nil st christopher nil quota imports allocations nil taiwan nil thailand nil trinidad tobago nil uruguay nil zimbabwe nil reuter
may department stores co raises dividend cts cts share
florida commercial banks inc dividend qtly div cts vs cts prior pay march record march note quarterly dividend prior quarter included special payout five cts share reuter
university patents inc nd qtr jan net oper shr cts vs cts oper net vs revs vs six mths oper shr cts vs cts oper net vs revs vs note prior year excludes income discontinued operations cts per share quarter cts per share year reuter
productions inc nd qtr net jan end shr cts vs cts net vs revs mln vs mln st half shr cts vs cts net mln vs mln revs mln vs mln note current half net includes dlr charge reorganization reuter
ecuador deputy minister seeks oil aid venezuela ecuador deputy energy minister fernando santos alvite arrived last night talks venezuelan assistance country oil industry following last week earthquake officials said ecuador obliged suspend crude oil exports expected five months result damage miles pipeline linking jungle oil fields pacific port balao oil normally accounts pct exports fellow opec member venezuela already agreed lend ecuador five mln barrels crude repaid kind days help meet domestic consumption needs officials could neither confirm deny reports venezuela temporarily produce ecuador entire opec quota set barrels per day first half options open moment context cooperation oil production venezuelan energy mines ministry source said discussions also way arrive formula compensate ecuador loss oil export revenue pipeline repaired officials said santos alvite last night met venezuelan energy mines minister arturo hernandez grisanti today hold talks technical level officials said industry sources said among options venezuela produce ecuador entire quota venezuela non opec mexico share latter supply ecuador far eastern clients ministry source said decision yet reached matter announcement would made due course santos alvite said earlier quito ecuador would import six seven mln barrels crude oil meet needs line repaired ecuador energy mines minister javier espinosa said last night country needs mln dlrs repair damage export pipeline caused earthquake reuter
gold ltd six mths dec net shr cts vs cts net vs revs vs reuter
german wage round said limit monetary options bundesbank options west germany monetary policy limited foreseeable future delicate stage wage negotiations unions employers economists money market dealers said call money fell quite active trading today dropping pct pct yesterday pct treasury bill rate difficult month end approached dealers economists said bundesbank unlikely encourage lower rates foreseeable future largely fear current wage round one money market dealer major foreign bank said think bundesbank wants rates go whatever happens also want fall wants wait see unions wage round goes west germany unions employers prepare ground wage negotiations based detailed assessments growth inflation economists said economist citibank ag said bundesbank became monetary policy raising fears quarters return inflation medium term unions would obliged curtail wage demands result bundesbank concerned make move would interfere negotiating process said current round country powerful union representing engineers demanding working week hours present accompanying five pct increase wages engineering employers association offering bring hour week july give two stage wage increase pct rise april year another pct july agreement europe largest union mln members employers would set benchmark settlements industries public sector banks federal post office negotiations began december unions hopeful may conclude early april ahead traditional holiday period june though many economists said unions current warning strikes rhetoric part negotiating strategy would lead repeat damaging seven week strikes others said unions would compromise greatly positions could still conflict could extend length time bundesbank would keep activity low key economists said money market head said unions financial problems cooperative housing venture would contribute union unions put onto account negotiations said addition newly elected chairman union radical determined predecessor hans meyer may set longer battle achieve best possible settlement membership engineering workers firms mainly south germany held warning strikes lasting two hours yesterday firms hit included gmbh aerospace group gmbh today employees companies came warning strikes statement said money market dealers said overnight call money rates would rise near future case depend politically bundesbank eight billion marks coming market tomorrow salary payments federal government result banks fell back bundesbank offer liquidity via sale three day treasury bills still lower rates month end pension payment date banks behalf customers due monday dealers noted banks short liquidity bills tuesday rates could soar perhaps pct lombard ceiling banks well funds average billion marks bundesbank minimum reserves first days march well billion requirement reuter
parker drilling suspends quarterly dividend
treasury baker pursuing asian treasury secretary james baker told house appropriations committee united states still pressing newly industrialized south asian nations tied currencies dollar let currencies strengthen dollar seen strengthening currencies much would like said somewhat disappointed results far intend continue discussions said reuter
rainier completes acquisition rainier bancorp said completed acquisition wash based united bank mln dlrs worth rainier stock united savings bank mln dlrs assets offices operate wholly owned subsidiary rainier said rainier last month agreed merge security pacific corp spc said united acquisition increase assets billion dlrs billion reported end reuter
top discount rate u k bill tender falls pct
national amusements ups viacom via bid viacom international inc said national amusements inc raised value offer viacom publicly held stock company said special committee board plans meet later today consider offer one submitted march one mcv holdings inc spokeswoman unable say committee met planned yesterday viacom said national amusements arsenal holdings inc subsidiary raised amount cash offering viacom share cts dlrs value fraction share exchangeable arsenal holdings preferred included raised cts dlrs national amusements already owns pct viacom stock reuter
aristech increase production capacity aristech chemical corp said plans increase production capacity three key product lines phenol aristech said expansion involves major modernization w va plant completed aristech said project would increase plant annual production mln pounds mln pounds aristech said expansion increase company total resin capacity mln pounds annually mln pounds aristech also said expand phenol production ohio plant said project raise used make capacity mln pounds per year mln pounds aristech added phenol production increase mln pounds per year mln pounds year phenol used make resins adhesives engineering plastics company said reuter
balladur sees two pct french growth french growth probably two pct last year due international environment less favourable expected finance minister edouard balladur quoted saying treasury director daniel said last month gross domestic product expected grow two pct year original target pct although line latest organisation economic cooperation development oecd estimate pct growth forecast balanced growth investments exports balladur said interview daily last month balladur said french gdp grown two pct last year compared initial target pct pct growth told aims reduce budget deficit billion francs year figure billion compared billion deficit already announced intention cutting deficit billion francs reuter
electronics corp rd qtr net feb end shr profit cts vs loss cts net profit vs loss mln revs mln vs mln avg shrs mln vs mln nine mths shr profit cts vs loss cts net profit vs loss revs mln vs mln avg shrs mln vs mln note prior year net periods mln dlr writeoff reuter
puts additional margin july coffee additional margin dlrs required july delivery coffee c contracts opening trade monday march coffee sugar cocoa exchange said march contract ends trading week making may july two spot unlimited contract months next week members obtain minimum dlrs net long net short positions may july contracts including original margin plus additional dlr spot charge reuter
inter city gas corp th qtr shr cts vs cts
inc year shr loss three cts vs profit cts net loss vs profit revs mln vs mln reuter
federal reserve weekly report feb two weeks ended feb total cash vs inc cash equal vs one week ended feb daily avgs mlns bank borrowings including seasonal loans including extended loans float balances adjustments currency treasury deposits reuter
michigan general sell unit michigan general corp said agreed sell substantially assets certain liabilities subsidiaries holdings inc mln dlrs cash sale texas based maker doors door products allow michigan general concentrate retailing diamond lumber wholesale units proceeds sale used reduce debt deal subject execution definitive agreement revenues mln dlrs operating losses three mln dlrs company said accounted discontinued operation since last september dallas based privately held maker structural steel storage handling systems michigan general also said diamond lumber products retail unit closed nine unprofitable stores first quarter reduced headquarters staff pct nine closed stores pretax operating losses mln dlrs sold provide cash operations mln dlrs inventory stores transferred locations company said reuter
japan denies breaking semiconductor trade pact japan denied breaking pact u semiconductor trade said prices set pact high acknowledged difficulties implementing accord abiding agreement course problems spokesman international trade industry ministry told reuters said high semiconductor prices recommended agreement leaving japanese manufacturers stocks products aiming reduce production japan course takes time said spokesman said japanese companies selling chips europe asia prices added matter time solve problem eight month old pact aims stop japan selling large quantities chips prices united states countries increase u semiconductor sales japan u senate finance committee week called president reagan non binding resolution retaliate japan violating agreement reuter
israeli inflation rate pct february israel inflation rate february one pct compared pct january pct february spokesman central bureau statistics said inflation months ending february pct spokesman said february price rises mostly housing health education entertainment transport wage price controls force since august officials said controls helped effect recent pct devaluation reuter
soviet economist says production figures leading soviet economist said practice figures significantly country industrial production data according information state monitoring figures makes one half three per cent volume production told official newspaper opinion significantly higher works economics institute soviet union academy sciences said western economists years allowed certain figures soviet statistics industrial production said mln roubles lost annually raw material industries paying wages bonuses work fact performed said elimination figure would save billions roubles would pay soviet union social development program year reuter
fhlbb says mortgage rates continue decline federal home loan bank board said home mortgage rates fell early february early march lowest point nine years rate decline slower recent months bank board said average effective commitment rate fixed rate mortgages single family homes pct loan price ratio maturity least years pct early march rate four basis points lower month ago one eighth size decline previous month bank board said rates rate mortgages decline eight basis points early february pct early march bank board said drop far less basis point decline previous period agency said average effective interest rate loans closed major mortgage lenders declined nine basis points early february early march agency said fall brought rate pct lowest since december said effective rate arms pct basis points month earlier fixed rate loans pct basis points month earlier agency said reuter
great western gwf sells insurance unit great western financial corp said agreed sell john alden life insurance co affiliated operations mln dlrs newly formed company john alden management group general electric credit corp delivered commitment letter arranged capital markets group inc financing great western said pre tax gain sale approximately mln dlrs tax gain approximately mln reuter
rolls approaches float profits set rise state owned engine maker rolls plc launches prospectus privatisation tomorrow many analysts forecasting higher profits year likely miss contracts power proposed airbus industrie aircraft company called prospectus gives details stock market flotation except price shares offered last month company announced pretax profits rose mln stg mln year brokers barclays de zoete wedd sees mln profit analyst harris phillips drew said rising profits low tax charge would offset fact rolls operated sector traditionally attracted low ratings assuming company valued around eight times earnings would give selling price valuing billion though said recent good performance aerospace sector could figure upwards currently forecasting higher sale price billion billion price increased likely much debt wiped government anxious assure company health fend rolls rescued bankruptcy taken state ownership government announced sale said would inject permanent capital equivalent net debt around mln stg end company analysts noted necessary ensure rolls credit rating match main competitors general electric co ge n united technologies corp n pratt unit reuter
london int l selling hot water unit london international group plc l said agreed sell co ltd unit ltd mln stg hot water also produces variety rubber plastic book value assets mln stg said disposal part strategy concentrating core activities shares one penny firmer p reuter
allied signal inc sell linotype group commerzbank west germany
first bank systems fbs units hike rate first bank first bank saint paul units first bank systems inc said raised reference rates pct pct reuter
alleghany corp declares dividend alleghany corp said board declared stock dividend one share common every shares outstanding company dividend company said dividend distributed april holders record march alleghany said cash paid lieu fractional shares stock reuter
mcintyre mines completes unit sale mcintyre mines ltd said completed previously announced sale shares wholly owned smoky river coal ltd certain related assets smoky river holdings ltd nominal cash consideration mcintyre specify cash amount sale smoky river holdings alberta company controlled michael former president chief executive mcintyre company said mcintyre said retained unspecified royalty interest smoky river coal based net operating cash flows company coal properties mcintyre also said provided three mln dlr last letter credit alberta government smoky river coal obligations credit letter expires either smoky river completes three mln dlrs activities december ever occurs first mcintyre said also remains certain obligations totalling seven mln dlrs reduce time smoky river continues operate mcintyre principal asset continues pct interest ltd reuter
official wants arab fund help lebanese pound lebanese central bank vice governor called establishment arab fund assist lebanese pound lost pct value dollar since january told arab exchange dealers conference bank would continue take measures defend currency said lebanon needed foreign support war economy ever expect common effort central bank arab central banks monetary authorities create arab fund support preserve value currency needed said twelve years civil war productive sectors lebanese economy created trade budget deficits said recent government measures succeeded reducing demand imports increasing exports encouraging factors war ended yet said believe political solution acceptable sides confidence return benefit lebanese pound lebanon meantime said central bank four main goals use surplus liquidity finance budget deficit increase role commercial banks non bank financing institutions financing deficit limit transfer lebanese pounds foreign currency deposits protect financial health commercial banks reuter
unicorp american corp uac th qtr net shr cts vs cts net vs revs mln vs mln mths shr cts vs dlrs net mln vs mln revs mln vs mln note net preferred dividend payments includes tax gain sale real estate properties mln dlrs reuter
henley group inc heng th qtr loss shr loss dlrs net loss mln vs loss mln revs mln vs mln avg shrs mln year shr loss dlrs net loss vs loss mln revs billion vs billion avg shrs mln note company shares outstanding march shares oustanding losses include pre tax restructuring charges mln dlrs periods vs mln dlrs periods year loss also includes charge mln dlrs amortization good reuter
sees better expected net corp said expects third quarter earnings higher security analysts forecasts cts share last year company earned cts per share third quarter attributed better expected forecast sales growth said particularly strong overseas also said lower effective tax rate reuter
miyazawa says major nations acting paris accord finance minister kiichi miyazawa said major nations taking action stabilise exchange rates line agreement paris last month government sources said miyazawa told upper house session six nations britain canada france japan u west germany abiding paris accord six agreed cooperate stabilise exchange rates around current levels miyazawa said wishes attend meeting seven major nations g expected imf world bank interim committee meeting washington starting april sources quoted miyazawa saying japan trying prevent rise yen japan taking matter seriously added asked six nations agreed stabilise dollar yen rate prevailing time paris talks miyazawa declined give specific figures said mention specific rates would create unexpected situation reuter
sec moves discipline allegheny int l ag securities exchange commission sec staff seeking authority take enforcement action allegheny international inc pittsburgh based industrial consumer products firm said allegheny made disclosure documents filed sec connection recent agreement taken private leveraged buyout led first boston inc following announcement merger agreement company informed enforcement division sec intends seek authority commission institute proceeding company allegheny said company commission investigation continuing includes taking testimony others allegheny said ongoing probe allegheny said staff asked information company executive compensation benefit plans certain company owned real estate travel entertainment spending use corporate aircraft also asked information acquisitions divestitures company accounting system internal controls allegheny said probe began february allegheny said sec matter policy declines comment enforcement actions sec investigation began months allegheny became target series shareholder lawsuits claiming company violated federal securities laws failing disclose material matters recent annual proxy statements suits later consolidated single class action complaint pennsylvania federal court securities law violations involving numerous current former allegheny officers directors earlier month lawyers shareholders asked court expand charges include buyout allegheny attempted illegally freeze public shareholders unfair price allegheny said intends vigorously defend charges charges made shareholder suits widely believed led last summer resignation chairman chief executive officer robert buyout group led first boston tendered march outstanding allegheny shares dlrs share reuter
yugoslav february inflation rises pct yugoslav retail prices february rose pct january stand pct higher february federal statistics office said january retail prices rose pct december stand pct higher january cost living index includes services utilities well retail prices pct february january stood pct higher february january cost living increased pct december stood pct higher january reuter
citizens growth omits quarterly dividend citizens growth properties said regular dividend result decreased earnings principally attributable default borrower trust mortgage loan trust last paid cts january trust said also reaffirmed limited share repurchase program subject available cash flow light mortgage reuter
german net currency reserves rise mln marks billion bundesbank
idb communications group inc year net period ended december shr cts vs cts net vs revs vs reuter
raytheon co sets quarterly qtly div cts vs cts prior pay april record april reuter
leasing corp rd qtr jan loss shr loss six cts vs profit cts net loss vs profit revs vs nine mths shr loss cts vs profit cts net loss vs profit revs vs reuter
donald trump said agreed purchase crosby estate resorts shares
group inc tier year ended dec loss shr loss cts vs loss dlr net loss vs loss revs vs reuter
swiss net capital exports rise increased activity switzerland banks pushed net capital exports provisional billion francs last year billion national bank said pre publication copy annual report also said current account surplus swiss balance payments reached provisional billion francs last year billion national bank currency reserves rose billion francs billion rise however taking accounts effects shift exchange rates reserves actually fell value billion banks net capital exports climbed billion francs billion capital exports domestic non banks fell billion billion national bank gave following figures brackets current account billion made goods services factor income transfers capital account billion made direct investment n portfolio investment n capital traffic banks capital traffic included n traffic included statistical error n change currency reserves national bank interest income foreign currency foreign currency transactions reuter
yeutter repeats retaliation threat ec oil tax u trade representative clayton yeutter said united states retaliate european community adopts proposed tax vegetable oils say ec products would speaking national grain feed association convention yeutter said cautiously optimistic controversial oils tax proposal rejected ec council ministers yeutter said proposed tax violation spirit gatt would zero binding duty u exports soybeans europe said reagan administration yet decide retaliation list administration would reveal retaliation list unless ec approved proposal said reuter
italy sets rules company holdings banks companies able stakes banks constitute dominant holding italian government committee ruled committee credit savings headed treasury minister goria said decision reflected need safeguard principle separation banks non financial concerns might constitute dominant holding committee also set conditions allocation credits banks companies individuals holding stakes conditions bank italy could exercise powers control case stakes held banks companies banks ruling credits given banks subsidiaries groups individuals holding five pct bank capital must exceed defined limits value credits given cannot exceed either one fifth combined capital reserves bank two value stake owned bank group individual concerned exceptions conditions include credits concerns bank stake branches foreign banks credits made foreign companies banks subsidiaries legal base italy also excluded conditions bank italy request banks rules ensure companies individuals holding five pct bank capital given treatment regard credit allocation terms regard bank holdings companies bank italy exercise supervisory controls information bank consolidated activities show single shareholdings company another bank pct owned directly indirectly controls also exercised even stake held pct considered controlling interest controls exercised cases value bank stake concern lesser two limits limits set billion lire two pct total assets parent company shareholding bank reuter
brierley offer progressive still valid brierley investments ltd bil said offer n z dlrs per share supermarket group progressive enterprises ltd still stands although rainbow corp ltd said today pct progressive bil said statement review events daily basis rainbow announced earlier increased stake progressive pct pct purchase mln shares n z dlrs per share bil chief executive paul collins said rainbow done substantial amount cash purchase shares parties merger rainbow proposed merger progressive form new company astral pacific corp ltd merger shareholders progressive rainbow issued shares new company one one basis quite simply rainbow bid balance progressive enterprises n z dlrs per share collins said reuter
jefferies making market usair u jefferies co said making market stock usair group inc usair received offer trans world airlines buy airline dlrs cash per share usair halted new york stock news indicated reuter
west airlines wing rd qtr net qtr ended jan shr one ct vs nine cts net vs revs vs note nine mth data unavailable reuter
nd qtr dec net shr nil vs nil net profit vs loss revs vs six mths shr nil vs nil net profit vs loss revs vs reuter
inc nd qtr feb net shr cts vs cts net vs sales mln vs mln st half shr cts vs cts net mln vs sales mln vs mln note current year net periods includes dlr gain land sale share adjusted three two split august reuter
mayfair super markets sales increased mayfair super markets said sales second qtr ended feb mln dlrs increase pct compared sales mln dlrs comparable quarter last year company said sales first six months year mln dlrs pct mln dlrs reported period last year th consecutive quarterly gain company said company said expects release earnings april reuter
moto photo inc moto th qtr net oper shr profit one ct vs loss six cts oper net profit vs loss revs vs avg shrs vs year oper shr loss cts vs loss cts oper net profit vs loss revs vs avg shrs vs note share dividends current year net periods excludes dlr tax loss carryforward reuter
electro inc nd qtr dec shr loss dlrs vs profit cts net loss vs profit sales mln vs mln avg shrs vs st half shr loss dlrs vs profit cts net loss vs profit sales mln vs mln avg shrs vs note current half net includes dlr tax credit current year net periods includes dlr writedown inventory clinical products reuter
boston edison co regular dividend qtly div cts vs cts prior qtr payable may one record april reuter
danish reserves rise february denmark net official reserves rose billion crowns february billion january revised billion february central bank said monthly balance sheet report total net reserves including reserves held commercial major savings banks rose billion crowns billion january compared revised billion february last year bank said provisional figures showed net registered private public capital imports billion crowns february reuter
k mart km says record net turning point k mart corp said record fiscal net earnings mln dlrs rise mln dlrs year ago marked major turning point world second biggest retailer k mart said earnings rise fourth quarter ended january mln dlrs mln dlrs resulted expense control year ago k mart took charge mln dlrs discontinued operations earnings continuing retail operations quarter totalled mln dlrs dlrs share compared mln dlrs dlrs year ago k mart chairman bernard said success programs better strong pct increase income continuing operations income taxes billion dlrs first time k mart corp reached sales fiscal year reached record billion dlrs pct rise billion dlrs prior year k mart said restated account discontinued operations comparable store sales rose pct said said sales growth came greater consumer acceptance k mart apparel merchandise marked increase merchandise sales growing contribution specialty retailing operations k mart said fourth quarter pre tax income continuing operations mln dlrs pct gain mln dlrs last year said sales period grew pct billion dlrs restated billion dlrs comparable store sales pct k mart said effective tax rate rose pct pct said selling general administrative expense eased pct sales pct performance marks major turning point k mart said statement years immediately prior focused changing look stores structure company k mart said committed billion dollars store point sale system upgraded merchandise mix acquired three large specialty retailers divested underperforming businesses restructured long term debt forced pay temporary price form slower earnings growth lower rating investment community however beginning fourth quarter improved performance proof approach correct long term k mart chairman said reuter
call money pressure large german banks one two large west german banks effectively domestic money market liquidity end month order achieve higher rates overnight deposits money dealers said result call money soared active trading around lombard rate five pct pct yesterday banks found short minimum reserve funds bundesbank figures showed banks held average daily billion marks interest free minimum reserve assets central bank first days month though march requirement billion actual holdings weekend billion meet daily average dealers said banks must raise holdings two billion marks billion today tomorrow liquidity tight early business banks excessively took bundesbank offer sale treasury bills friday provides rate pct three day deposits effective floor market though liquidity bills bought thursday flowed back market today bulk would return tomorrow start new month dealers said dealers said large banks name short term money requirements much five billion marks knowledge needs end month banks bought excessive amounts treasury bills draining liquidity three days banks sought funds rates rose large banks able place excess funds deposit considerably higher average return one senior dealer said bundesbank advanced knowledge market needs curtailed sales treasury bills friday though dealers late day learn total minimum reserve holdings previous day bundesbank immediate situation could anticipate strength demand funds following day said bundesbank dealers could easily said selling treasury bills selling amount said bundesbank wants market avoid excesses tomorrow different call money fall back pct bundesbank would approve sharp jump rates given delicate state currency markets international central banks prevent dollar fall major currencies including mark dealers said rise call money gives mark firmer contributing downward pressure dollar whole tender policy call money three four pct case excesses today cannot popular senior dealer said dealers said large banks probably achieved average rates return excess funds pct four pct higher return would earned without excessive draining treasury bill mechanism currency situation wage negotiations germany major employers unions bundesbank would unlikely make changes monetary policy council meeting thursday said bundesbank figures showed banks fell back lombard emergency funding facility draw billion marks yesterday rates began tighten late business reuter
harcourt hbj disappointed harper hpr harcourt brace jovanovich inc said disappointed negotiations harper row publishers inc underway harcourt made dlrs share unsolicited bid march march harcourt said three officers met harper financial advisor discussions since harcourt said plan increase bid harcourt bid earlier dlrs share bid theodore cross harper response harcourt announcement earlier today harper said recently appointed special committee independent directors received expressions interest several domestic foreign firms respect restructuring acquisition transactions harper said determination made transaction special committee continuing talks interested parties effort come conclusion near future reuter
japan consumer prices unchanged february japan consumer price index base unchanged february month earlier government management agency said index showed pct drop january february index one pct year earlier third consecutive year year drop january index fell pct year earlier first drop one pct since pct drop september february petrol prices increased winter clothing prices stayed low vegetable prices fell february year year fall due lower vegetable fuel oil petrol electricity gas prices despite higher housing education footwear clothing costs unadjusted consumer price index tokyo area base mid march rose pct month earlier reflecting higher vegetable prices index fell pct year year third consecutive yearly drop reflecting lower food utility costs reuter
hoogovens expects clear loss koninklijke hoogovens nv said expected clear loss company reported profits pct lower mln guilders year turnover pct lower main reason fall turnover lower rate dollar company said lower costs raw materials energy resulting lower dollar could compensate fall revenues costs billion guilders vs billion depreciation mln vs mln operating profit mln vs mln financial charges mln vs mln extraordinary loss rpt mln vs mln crude steel production five mln tonnes vs mln aluminium production tonnes vs reuter
u official visit japan trade row grows undersecretary state michael armacost visit tokyo next week meetings high level officials include talks growing trade row japanese semiconductor electronics products first high level u official visit japan since president reagan announced last week plans impose tariffs worth mln dlrs japanese electronic goods april retaliation tokyo alleged failure live pact microchip trade signed last september deputy state department spokeswoman said trip set april u japanese talks kind regularly held year time told reporters armacost discussions deputy foreign minister senior japanese officials focus u japanese foreign aid programs political security issues mutual concern added although exchange views bilateral relations expected talks directly related u japanese trade relations insisted response questions acknowledged trade discussed japan billion dlrs trade surplus united states last year come fire congress concerned loss jobs foreign competition record billion dlrs u trade deficit reuter
great western savings bank quarterly div qtly div cts vs cts pay april record april reuter
industries unit increase prices steel co subsidiary industries inc said increase market price levels bar semi finished leaded products effective july one hot rolled cold finished bar wil increase dlrs per net ton semi finished products increased dlrs per net ton company said anticipated higher energy raw material costs combined current market trends cited company reasons increases reuter
brazilian bank workers decide national strike brazilian bank workers voted launch nationwide strike month labour unrest arising failure government anti inflation plan rally city km northwest sao paulo bank workers voted strike march unless demand pct pay rises met wilson de president national confederation groups bank employees unions representing workers told reuters indefinite stoppage would affect banks vote came stoppage seamen entered third week oil workers threatened action state owned petroleum company petrobras reuter
general computer corp rd qtr feb net shr cts vs cts net vs revs vs avg shrs vs nine mths shr cts vs cts net vs revs mln vs avg shrs vs reuter
control resource industries inc th qtr shr loss five cts vs profit eight cts net loss vs profit revs mln vs mln year shr profit cts vs profit cts net profit vs revs mln vs mln reuter
n cocoa traders still cautious icco new york cocoa traders reacted caution today developments international cocoa organization talks london saying still time negotiations break would extremely cautious go either long short point said jack ward president cocoa trading firm peat final position comes icco talks one still time put positions risk moment possible gain icco producer consumer delegates morning accepted outlines compromise proposal buffer stock rules basis negotiation smaller group representatives charged details market sentiment reflected optimism would put stronger ward said seems put slightly closer agreement one much negotiate said another trader today developments many dealers coming negotiations remained traders said dealers got historically small positions outright terms one trader said speculators gone net long slightly added recent price strength gains dlrs last two days due large part sterling rally dollar process attracted measure origin selling traders said reuter
bush revises th qtr year results bush industries inc said audit revised upwards fourth quarter year end results february reported unaudited results audited amounts fourth quarter income mln dlrs cts share unaudited income period cts per share year audited amounts showed earnings dlrs per share prior results reported income dlrs per share sales figures periods significantly prior amounts reuter
wildlife unit proposes alaska refuge oil study national wildlife federation rejected interior department draft plan open northern alaska oil gas exploration federation nation largest conservation group said study needed assess possible damage development might wildlife area coastal plain arctic national wildlife refuge federation executive vice president called interior research effects development fundamentally provides little basis make public policy decision called department proposal reflection largely political decision adding confidence interior represent broad public interest area interior wants open million acre coastal plain oil gas exploration said tough protect area said preliminary survey showed region could hold billions barrels oil gas potential energy resource would never known without exploration interior said oil coastal plain could match billion barrels found prudhoe bay west plain existing law congress must agree oil gas exploration act land remain wildlife refuge protected commercial development said interior report failed stress probability finding recoverable oil pct said interior study also failed weigh oil gas fish wildlife information state alaska gathered department environmental protection agency possible effects exploration federation letters congressmen proposed nine member commission set study aspects issue report back congress two years said federation opposed possible exploration oil interior study make sound judgement congressional observers said present little sentiment congress open wildlife area commercial increasing concern united states becoming overly dependent foreign oil reuter
triangle microwave talks buyout triangle microwave inc said involved talks possible purchase substantial u company identify triangle said agreement yet reached assurance one reached would subject approval shareholders regulatory filings said triangle microwave makes microwave system components earnings first half ended january dlrs sales dlrs earnings dlrs sales dlrs year reuter
comstock group inc th qtr loss shr loss cts vs loss cts net loss vs loss revs mln vs mln year shr loss dlr vs loss four cts net loss vs loss revs mln vs mln note th qtr year net includes loss dlrs gain dlrs cts per share extraordinary item reuter
peter miller apparel group rd qtr jan loss shr loss cts vs profit seven cts net loss vs profit revs mln vs mln nine mths shr loss cts vs profit seven cts net loss vs profit revs mln vs mln note shr figures adjusted issue shares october avg shrs given full name peter miller apparel group inc reuter
morgan grenfell says profits hit guinness morgan grenfell group plc said pre tax profits lower forecast depreciation value guinness plc guin l shares securities trading losses u morgan chairman lord said losses group seven mln guinness shares addition mln dlr loss risk arbitrage operation new york depressed profits eight mln stg mln also told news conference morgan received informal approaches takeover group interested formal offers made would elaborate morgan grenfell acted merchant banker guinness brewing company successful bid distillers co plc l first half last year u k government launched investigation affairs guinness last december public concern focused way guinness may breached u k company law takeover code others support share price bid morgan chief executive christopher head corporate finance walsh senior corporate finance director roger resigned january guinness affair another senior morgan grenfell executive resigned late last year allegations trading insider information currently faces criminal charges lord said second half one history clients staff certainly look future positive way worst behind us nothing carpet profits year pct pre tax profits mln stg mainly due high contribution corporate finance activities progress asset management finance director david told news conference performance group far within reasonable touch budget lord also said group actively seeking new chief executive replace sir peter acting interim director resignation hopes new chief executive within months also said walsh paid total stg compensation following declined say much man got negotiations going determine amount compensation said morgan grenfell shares stood late p p yesterday p reuter
brown transport declares first payout brown transport co inc said board declared initial quarterly dividend four cts share payable april stockholders record march reuter
old dominion systems inc st qtr jan shr loss cts vs profit five cts net loss vs profit revs vs reuter
great western financial gwf unit buys banks great western financial corp subsidiary great western bank said purchase three retail banking branches south florida total deposits mln dlrs great western said purchase branches beach approximately mln dlrs deposits guardian savings loan association one palm beach approximately mln deposits savings bank reuter
united states lines far east staff united states lines inc laid employees almost entire far east staff hong kong office general manager told reuters also said calls two container ships south korea taiwan cancelled declined comment local press reports u lines planned suspend operations failure restructure billion u dlr debt said firm would make announcement later today u lines filed protection creditors chapter eleven u federal law last november english language south china morning post said u lines decided yesterday sell two remaining service assets u south america operation quoted letter company chief executive charles said ships assets bought rival u shipping companies subject approval boards u lines far east operations comprise offices hong kong singapore manila seoul tokyo kobe osaka said reuter
ecuador ask opec raise export quota ecuador ask opec raise oil export quota barrels per day compensate lost output due last week earthquake deputy energy minister fernando santos alvite said santos alvite arrived caracas last night discuss aid plan ecuador say organisation petroleum exporting countries opec would approached additional output would related plans discussion venezuela mexico lend ecuador crude repairs pipeline damaged quake earlier venezuelan energy mines minister hernandez grisanti said country would supply unspecified part ecuador export commitments santos alvite told reporters hoped first cargo barrels could leave weekend supply refineries near added ecuador also wanted make bpd shipped caribbean destinations mexico might supply ecuador south korean market ecuador may unable export oil five months due extensive damage mile stretch pipeline linking jungle oilfields pacific port balao reuter
taiwan savings record high taiwan one trillion taiwan dlrs savings official statistics show figures released yesterday show forms savings individuals public private firms including bank deposits certificates deposits bond running pct gross national product gnp gnp rose pct trillion dlrs taiwan strict foreign exchange controls lack incentives invest abroad mean huge export earnings mainly deposited bank savings accounts earning four pct interest year reuter
gencorp says alternative hostile tender announced within week
royex makes bid international corona royex gold mining corp said making offer international corona resources ltd dlrs per share dlrs per warrant offer covers four mln corona common shares outstanding dlr corona share purchase warrants expiring august royex said royex said gains four mln corona common shares interest corona increase pct pct also said four mln shares tendered pay pro rata basis royex said purchase price corona share consists one royex convertible retractable zero coupon series b first preference share dlrs nominal value one royex convertible pct series c first preference share dlrs nominal value one five year dlr royex share purchase warrant four dlrs cash price corona warrant consists convertible retractable zero coupon series b first preference share dlrs nominal value one five year royex share purchase warrant royex said series preference shares convertible royex common shares initially basis common shares preference share converted reuter
canadian co ltd year net shr dlrs vs dlrs net mln vs mln revs mln vs mln reuter
deak buys johnson matthey commodities deak international foreign currency precious metals firm announced acquisition johnson matthey commodities new york finance limited unit bank england purchase valued mln dlrs follows recent acquisition london johnson matthey commodities limited deak said new york firm known deak international trading ltd company said president chief executive officer deak international said purchase expand deak operations precious metals wholesale non ferrous metals trading reuter
freeport mcmoran oil gas fmr payout rises mthly div cts vs cts prior pay april record march reuter
pioneer sugar says csr takeover offer low pioneer sugar mills ltd said considered proposed dlrs share cash takeover offer announced csr ltd csra march low view group hk prospects csr bid pct pioneer mln issued shares already hold values entire j make alternative share offer yet announced terms pioneer recommended statement shareholders retain stock pending board response receives full details csr offer reuter
ltd year net shr nine cts vs six cts net vs revs mln vs mln note year includes tax gain dlrs reuter
american int l group inc th qtr net shr dlrs vs cts net mln vs mln year shr dlrs vs dlrs net mln vs mln note includes gains mln vs mln year mln vs mln capital gains investments reuter
sweet victory inc year shr loss dlrs vs loss cts net loss mln vs loss mln revs dlrs vs dlrs reuter
ariadne unit confirms bid san miguel ariadne group unit barwon ltd confirmed offered billion pesos cash mln shares philippine brewing company san miguel corp australia based barwon pct owned new bruce judge ariadne group said statement released hong kong formal offer made philippines government holds shares said confident offer reviewed newspapers manila hong kong reported weekend offer made barwon said represented australian stockbroker jacksons ltd formal offer philippine president corazon aquino pesos mln b shares san miguel philippine government seized shares represent pct stake brewery firm united coconut planters bank alleged government linked country president ferdinand marcos barwon statement said deal expected concluded barwon philippines government days barwon also said made recommendations government could purchase class shares held philippine national firm least pct held member country elaborate hong kong economical journal quoted spokesman jacksons saying barwon plans set branch philippines meet criteria san miguel brewery ltd locally listed firm pct held san miguel neptunia corp affiliate last traded h k dlrs dlrs friday reuter
citicorp cci sees doubling retail bank net citicorp expects net income individual banking sector top one billion dlrs compared mln dlrs said richard head citicorp individual banking division double earnings next five seven years told banking analysts meeting adding forecast may conservative side said bank card operations new york branch system would continue turn profits also picked developing areas u mortgage international consumer major potential earners sector heads made following specific predictions cost funds net credit loss levels u unit coming years relatively inflated levels customer net revenue mortgage banking area rise mln dlrs mln international consumer business show pct compound annual growth earnings private banking earnings hit mln dlrs top mln dlrs reuter
energy corp btu year net shr cts vs cts net vs revs mln vs mln reuter
u personal income rose pct february u personal income rose pct billion dlrs february seasonally adjusted annual rate billion dlrs commerce department said increase followed revised pct rise personal income january earlier department estimated january personal income unchanged february incomes rise largest monthly increase since pct rise april department said attributed last month rise several factors including subsidy payments farmers government pay raises department said personal consumption expenditures february pct billion dlrs billion dlrs falling billion dlrs two pct january purchases durable goods billion dlrs last month decreasing billion dlrs january sales motor vehicles accounting february increase january decline department said purchases rose billion dlrs february mln dlr increase january commerce department said wage salary incomes billion dlrs february billion dlr rise january manufacturing increased billion dlrs last month rising billion dlrs february gains widespread durable industries department said farmers incomes increased billion dlrs february declining billion dlrs january last month increase january fall farm incomes government subsidy payments department said personal tax payments fell billion dlrs february following billion dlrs january drop declines result tax reform act federal withheld income taxes february month earlier offset declines federal taxes lower state local income taxes personal income february taxes pct billion dlrs billion dlrs rising billion dlrs january personal savings rate eased pct february four pct january department said reuter
new york bank discount window borrowings nil march week
ferruzzi may float pct paris unit ferruzzi studying project could result public share offer pct french unit european sugar france could raise around mln dlrs ferruzzi chairman gardini said gardini told reuters operation consideration aimed international markets figure mln dlrs given press reports probably right european sugar wholly owned ferruzzi unit spa expected absorb european corn wet milling business cpc international inc cpc n ferruzzi recently agreed buy ferruzzi announced last week agreed principle buy cpc operation mln dlrs ferruzzi spokesman later confirmed group studying transfer cpc business european sugar along possible share offering paris unit gave details flotation plan interpreted financial analysts means helping finance acquisition cpc business london yesterday chairman belgian starch producer amylum nv pierre callebaut told reuters since ferruzzi apparently still finance company might still succeed rival bid cpc business gardini commenting callebaut remarks said mln dlrs agreed cpc acquisition would paid date preliminary contract gardini could reveal date question give indication likely timing offering shares european sugar announced last week ferruzzi purchase cpc business expected completed september callebaut said yesterday amylum surprised disappointed mln dlr bid cash offer cpc european business apparently rejected favour ferruzzi lower bid gardini commenting callebaut remarks said amylum know one succeeds bid making right offer right moment exactly ferruzzi case acquisition cpc european business gardini said callebaut business concern european sugar capital raising operation study added asked press reports ferruzzi might follow european sugar flotation sale pct cpc business gardini said exclude minority partners cpc business declined elaborate reuter
two brazilian shipping firms settle strikers two small shipping companies reached pay deal striking seamen union leaders said brazil seamen still strike union spokesman rio de janeiro said seamen accepted pct pay offer companies flumar less employees two week strike comes brazil faces debt crisis delaying exports badly needed earn foreign exchange labour minister almir pazzionotto said government force settlement strike ruled illegal last friday reuter
image technology corp sets payout qtly div cts vs cts prior pay april record march reuter
magma raises copper price ct cts magma copper co subsidiary newmont mining corp said raising copper cathode price cent cents lb effective immediately reuter
imf world bank meet amid new inflation fears amid new concerns inflation interest rate increases trade finance ministers central bankers meet next week discuss deteriorating global debt economic situation meetings auspices international monetary fund world bank come interest rates turning higher already weak dollar bond stock markets uncertainty growing global economy whether heavily indebted countries continue carry burden growing debt without vast new assistance monetary diplomatic sources said signs new debt initiative sort treasury secretary james baker unveiled months ago seoul works strategy drawn serious challenge brazil suspended interest payments billion dlrs commercial bank debt last month banks responded laying groundwork writing brazilian loans separately french prime minister jacques chirac visit earlier week president reagan sounded administration plan worldwide grain surpluses poorest states french plan certain discussed ministers detail next week meetings undoubtedly developing countries interest part countries looking support special problems poorest countries position extreme reagan administration official said suggested washington open issue meetings also assess success baker debt initiative called new funding help debtor countries grow problems largest industrial countries attempting coordinate economic policy hope controlling decline dollar u trade budget deficits problems time industrial countries see little evidence strengthening economic activity fund forecasts grow pct united states sees pct growth continuing expansion fifth year asked industrial countries stimulate economies issues directly affect debt problem ability debtor countries grow difficulties recent years u markets absorbed exports developing country allowing earn critical foreign exchange united states wants cut trade deficit running record billion dlrs pressing others import developing countries discussions april six wide ranging everything interest rates impact development loans environment according monetary sources talks include examination trade protectionist pressures wake decision reagan administration place mln dlrs tariffs microchip products japan sources said move accelerated dollar decline financial markets grew trade war concern action prompted u charges japan selling computer chip products fair market value kept market closed imports international trading system time ministers discuss fundamental price weakness basic commodities export mainstay many developing countries called group five industrial countries united states japan west germany france britain gather first time since february talks paris agreed keep dollar sliding five joined later italy canada debate economic policy coordination part paris accord surplus countries japan agreed stimulate economies america said would reduce federal budget deficit major issues meetings include u bid larger say loans inter american development bank strengthening link loans economic policy changes debtor nations washington also pressing world bank take account environment making loan projects new head bank barber conable said issue reviewed part reorganization plan bank prepared reuter
century telephone sell properties century telephone enterprises inc said accepted offer sell cable television properties michigan tennessee florida arkansas louisiana substantial gain company said details disclosed reuter
quaker chemical corp sets quarterly qtly div cts vs cts prior pay april record april reuter
minn bank okla thrift actions taken beaver creek state bank beaver creek minn failed bank insured assets transferred citizens state bank silver lake minn federal deposit insurance corp said separately federal home loan bank board said victor federal savings loan association okla placed beaver creek two offices open branches citizens monday transfer arranged bids buy beaver creek fdic said citizens pay premium dlrs fdic purchase beaver creek assets mln dlrs rd bank failure nation year fhlbb said victor federal savings assets transferred newly chartered federal mutual association directors named fhlbb victor stock association mln dlrs assets new association known victor savings loan association assets continue insured federal savings loan insurance corp fhlbb said reuter
lifestyle bombay amend merger agreement lifestyle restaurants inc said reduced number bombay restaurants inc common shares received previously announced merger agreement amended deal lifestyle shareholders get one bombay share six instead five lifestyle shares amended offer bombay issue shares currently mln dlrs amendment also increases cash consideration offered lifestyle pct convertible subordinated debentures pct principal amount pct reuter
cpc international inc cpc qtly div shr cts vs cts prior payable april record march reuter
inc st qtr feb loss shr loss cts vs profit three cts net loss vs profit revs mln vs mln reuter
canada oil industry set recovery analysts firmer crude oil prices government aid packages corporate spending cuts help canada oil industry recover last year sharp downturn industry analysts said said significant earnings gains compared last year results oil prices dropped pct canada stock exchanges energy shares soared highest levels since many issues trading record highs reflecting tremendous amount optimism part investment community outlook industry future extremely attractive peters co ltd oil analyst wilf gobert said financial statements canada major oil companies dome petroleum ltd billion canadian dlr loss reported week bleak picture last year results analysts said financial statements snap shot recording history stock market indication future gobert commented toronto stock exchange oil gas index companies far trading today end among canada largest oil companies class shares imperial oil ltd imo pct owned exxon corp xon trading week low shell canada ltd pct owned royal dutch shell group low last year texaco canada inc pct owned texaco inc tx low inc oil analyst robert forecasts operating profit canada largest oil gas companies rise pct billion dlrs operating cash flow increase pct billion dlrs based average oil price year u dlrs barrel however prices hold u dlrs barrel net operating income could show pct increase cash flow pct higher analyst said although difficult forecast extent profit improvement year gain significant added improvements follow sharp downturn operating income ten companies dropped pct billion dlrs operating cash flow fell pct billion dlrs one industry source think oil prices hold recent gains government assistance needed canadian petroleum association technical director hans sees industry cash flow falling another pct pct last year said sees crude oil supply demand believe recent opec production accord continue support prices however several companies share optimistic industry outlook expressed majority analysts shell canada norcen energy resources ltd forecast improved earnings annual reports issued week assuming oil prices remain levels industry outlook positive texaco canada said annual report oil prices strengthened somewhat good reason believe general level sustainable continued volatility likely texaco canada added face short term uncertainty many companies spending plans last year lower levels frontier exploration work industry becoming selective investments conservative cautious unexpected canadian petroleum association said federal alberta goverment aid measures helped industry downturn improving results significant help came last september federal government lifted pct petroleum gas revenue tax months earlier planned analysts estimate tax relief save larger oil companies billion dlrs end cut helped steep profit cash flow decline many oil companies prevented exploration spending cuts analysts said number companies cut absolutely necessary even maintain kind reduced investments made otherwise reduction would considerably said reuter
gpu gpu sees tmi fuel problems resolved general public utilities corp said water problem delaying removal fuel damaged unit two three mile island nuclear power plant appears resolved company said slower expected removal fuel primarily due water problems expected extend fuel removal spokesman said company previously expected completed end estimated far process extend still expects complete entire end added gpu said auditors qualified opinion gpu financial statements adding recovery tmi costs unresolved issues leading qualified opinion gpu said operating subsidiaries seek recover costs tmi future rate proceedings past years qualified opinion continues list uncertainties associated accident damaged tmi recovery costs payments damages might exceed available insurance proceeds reuter
jardine matheson plans four one bonus issue jardine matheson holdings ltd jard hkg said planned bonus issue four new b shares h k cents every ordinary share par value two dlrs company statement said firm expects pay total dividend four cents per b share share dividend maintained last year level cents share jardine matheson announced earlier pct jump net profits mln dlrs mln shareholders funds increased billion dlrs billion statement said quoted chairman simon keswick saying jardine matheson achieved good performance satisfactory results sections especially hong kong land co ltd hkg jardine fleming co ltd business japan said group stake pct hong kong land lowered pct completion reorganisation long term investment stands level causes us financial strain problems asset imbalance keswick said issue new b shares give group flexibility future issue ordinary shares expansion without shareholding stability brought group recent restructuring said new issue pending approval firm shareholders warrant holders adding appropriate adjustment made warrant exercise price jardine group nearly completed reorganisation jardine matheson control hk land new unit jardine strategic holdings ltd jardine strategic also hold majority stakes two companies spun hk land oriental international ltd dairy farm international holdings ltd plus cross holdings jardine matheson jardine matheson debts billion dlrs last year become debt free restructuring positive cash flow operations disposals continuing balance sheet keswick said noted firm last year sold interests operations australian properties trucking business remaining u oil gas activities jardine matheson decided make provision general trading business middle east view continuing weakness oil prices keswick said said operations would profitable longer term said firm one primarily strategy structure financial personnel policy said jardine matheson reduce size board directors simultaneously create new pacific regional board gave details change jardine matheson shares rose cents dlrs midday hong kong stock market early trading fallen dlrs rumours yesterday firm planned rights issue reuter
montreal city district savings bank st qtr shr cts vs cts net mln vs mln loans given deposits given assets billion vs given note full name montreal city district savings bank period ended january reuter
ussr exchange rates soviet state bank effective april roubles per hundred unless stated u stg unch fin unch yen aus aus dlr unch pak unch ind unch unch one unch unch
ltd th qtr net shr cts vs cts net mln vs sales mln vs mln avg shrs vs year shr dlrs vs dlrs net mln vs mln sales mln vs mln avg shrs vs reuter
cereals unchanged next week monetary compensatory amounts mca unchanged week starting april ec commission officials said cereals mca plus points west germany netherlands minus two points denmark minus eight points france minus nine ireland minus italy minus britain minus greece minus spain reuter
nl industries inc th qtr shr loss cts vs profit seven cts
transco partnership gas reserves rise transco exploration partners ltd said participation new discoveries increased proved gas reserves billion cubic feet billion cubic feet previous year proved reserves liquids remained mln barrels company said annual released transco energy co e majority owner transco exploration partnership transco said anticipated oil gas prices would continue pressure profitability energy companies transco pipeline system reached permanent take pay settlements half committed gas interim agreements another pct annual report said company said paid total mln dlrs producers one mln dlr reserve settle take pay disputes transco said gas pipeline delivered trillion cubic feet last year marketing affiliate sold average billion cubic feet gas per day company exploration partnership received average price dlrs per mln cubic feet gas sales dlrs sales oil condensate averaged dlrs per barrel last year dlrs per barrel reuter
williams cos year loss shr loss dlrs vs profit cts net loss mln vs profit mln revs billion vs billion note includes loss mln dlrs dlrs share discontinued operations writedowns holdings inc restated reuter
inc th qtr jan net shr cts vs net vs revs mln vs mln year shr cts vs cts net vs revs mln vs mln avg shrs vs note latest year net includes writeoff investment enterprises ethanol refinery cts shr reuter
combined int l ask doubling authorized shares stock split
armstrong world unit buys plant armstrong world industries inc said furniture affiliate purchased square foot building n c undisclosed terms said new plant expected operation year end double production capacity furniture reuter
finnish wholesale prices rise pct february finnish wholesale prices rose pct february rise one pct january drop pct february central statistical office said year year wholesale prices fell pct february drops pct january pct february wholesale price index base february january february last year reuter
encor energy corp inc year loss shr given net loss mln vs profit mln revs mln vs mln note net includes mln dlr asset writedown mln dlr recovery deferred taxes pct owned dome petroleum ltd dmp reuter
usair u unit remain moody review moody investors service inc said mln dlrs debt usair group inc usair inc unit remain review possible downgrade rating agency cited usair group proposed acquisition piedmont aviation inc pie well trans world airlines inc twa proposed cash merger usair however status twa bid usair group currently uncertain u transportation department rejected twa application acquire usair deficiency grounds twa said file revised application moody noted moody review possible downgrade usair group baa senior debt baa subordinated debentures along usair unit senior debt baa subordinated debentures moody said would examine effects proposed mergers usair group financial well potential damage company financial flexibility probability increased debt service requirements reuter
american group inc th qtr net shr profit cts vs loss six cts net profit vs loss sales vs year shr profit dlrs vs profit cts net profit vs profit sales mln vs mln note full year includes gains two cts per share discontinued operations four cts per share disposal assets reuter
inc year nov loss net loss vs loss sales vs reuter
group inc th qtr net shr profit cts vs profit cts net profit vs profit mln revs mln vs mln qtly div cts vs cts avg shrs mln vs mln year shr loss cts vs profit dlrs net loss vs profit mln revs mln vs mln avg shrs mln vs mln note qtly div payable april six holders record march th qtr year net includes charge mln dlrs mln dlrs respectively corporate restructuring reuter
u k merger secretary state trade industry said decided refer proposed acquisition reed international plc reed l technical publishing company inc monopolies mergers commission proposed acquisition plc general funds investment trust plc also cleared reuter
dutch adjusted unemployment unchanged february dutch seasonally adjusted unemployment totalled people february unchanged january february social affairs ministry spokesman said unadjusted figure stood end last month decline january total end february last year reuter
lilly co plans sell elizabeth arden subsidiary
industries inc year jan net shr cts net sales mln note share adjusted five four stock split january backlog mln dlrs vs dlrs company began operating january reuter
florida employers insurance co year shr cts vs nine cts net vs note net includes loss dlrs extraordinary item reuter
adobe high plains merge adobe resources corp high plains oil corp said reached agreement principle high plains merged unit adobe terms agreement companies said share high plains common stock owned adobe held high plains treasury exchanged shares newly issued adobe common exchange said made effective date merger must approved companies boards high plains shareholders reuter
centel cnt sees lower first qtr profits centel corp said sees first quarter results due regulatory limits telephone earnings cts cts share dilution acquisitions annual report chairman robert told shareholders telephone profits continued limited ceilings imposed regulators well deregulation structural changes within industry slowed growth investment base setting rates first quarter results last year first quarter dlrs share said several company telephone units may faced reduction rates return authorized regulators said could result rate reductions refunds customers said encouraged prospects progress centel business communications cable television cellular telephone units centel asking shareholders annual meeting approve mln authorized shares reuter
family dollar stores inc nd qtr feb shr cts vs cts net vs sales mln vs mln avg shares mln vs mln first half shr cts vs cts net mln vs mln sales mln vs mln avg shrs mln vs mln reuter
first federal savings bank montana div qtly div seven cts vs seven cts prior payable april record april three reuter
first american sees gain sale first american bank trust co said pct owned associated mortgage investors subsidiary sold new england operations dlrs cash dlrs stock resulting first quarter gain first american dlrs tax company said sale complete associated withdrawal general contracting business reuter
cpc international inc cpc regular dividend qtly div cts vs cts prior pay april record march reuter
rostenkowski opposes protectionist trade bill house ways means committee chairman dan rostenkowski said congress must avoid pass protectionist trade bill year remarks prepared delivery national press club rostenkowski ill predicted major trade legislation sent president reagan end year warned conciliatory message trade bill mean would oppose proposal would warn countries access american market would curtailed unless opened markets u goods complaints foreign trade restraints protectionism fairness rostenkowski said reasonable ask nations denied us access open return continued freedom american market added however said would likely changes market access proposal plan cleared house last year plan would set specific time table foreign countries ease import restraints would face pct cut exports united states reuter
alsthom year end december dividend francs vs consolidated net profit mln francs vs mln attributable group mln vs mln consolidated net turnover billion francs vs billion parent company net profit mln vs mln parent co net turnover billion vs billion note electrical contracting company pct owned state run compagnie generale reuter
buy marietta ml unit inc said agreed principle acquire martin marietta corp martin marietta environmental systems unit dlrs said would use working capital established life credit find purchase subject approval boards expected completed april marietta environmental revenues nine mln dlrs said acquisition moderately favorable effect earnings year reuter
maxtor agrees acquire u design maxtor corp u design corp said reached definitive agreement covering acquisition u design maxtor said arrangement subject number conditions including u design shareholder approval calls maxtor issue mln dlrs worth common stock exchange u design number maxtor shares issued determined average closing price maxtor stock trading day period prior day acquisition becomes effective companies also said reuter
chris craft industries inc regular payout chris craft inc said declared regular two pct stock dividend common stock class b common stock equal two pct stock dividends company paid prior quarter dividends payable april shareholders record april six reuter
amoco natural gas find trinidad amoco corp said exploratory well miles east point trinidad east coast flowed mln cubic feet natural gas barrels condensate daily one zone mln cubic feet natural gas barrels condensate daily second company said flows inch zones feet depth well feet water drilled total depth feet said said discovery made sands previously area reuter
main features new rubber pact new international natural rubber agreement inra like pact use buffer stock sole instrument market intervention excluding export quotas production controls new inra adopted yesterday session held auspices united nations conference trade development unctad many respects main features new pact contained present one reference price currently malaysian singapore cts per kilo maintained unless october inra expires average daily market indicator price remains upper intervention may sell price cts lower intervention may buy price cts six months happened delegates said unlikely considering present indicator price averages cts price would revised current accord five pct whatever amount international natural rubber council decides new reference price would taken new agreement circumstances new pact reference price would automatically revised five pct unless council decides higher percentage similarly buffer stock purchases sales amounting tonnes made since last revision reference price lowered raised three pct unless council decides higher percentage another change introduced new inra price reviews held month intervals instead changes intended make reference price responsive market trends present accord may buy may sell levels set plus minus pct reference price must buy must sell levels pct lower upper indicative prices floor ceiling prices remain fixed cents unless council decides revise reviews held every months negotiations consumers abandoned proposal floor price adjusted downward buffer stock currently tonnes rose tonnes maximum size buffer stock new pact present one tonnes provision additional contingency buffer stock tonnes new accord contingency buffer stock brought cts defend floor price last friday session ahmed speaking producers said producing nations considered pact served purpose created gerard france spoke consumers agreed current agreement worked relatively well asked chances success new inra delegates noted nearly whole life accord maintained average price must buy level said agreement appear encouraged excessive production rubber addition provisions borrowing finance buffer stock eliminated ruling speculation sort middle road agreement one delegate said new pact open signature u n headquarters new york may december year become operational require ratification countries accounting pct world exports pct world imports delegates estimate take months two agreements international natural rubber council remain place pact enter force governments accounting pct world exports pct world imports ratified reuter
japan consumer prices fall pct january japan unadjusted consumer price index base fell pct january previous month government management agency said fall compares decline pct december january index compared year earlier pct first drop larger pct since fell pct september food costs rose january december prices fell clothing footwear utilities causing overall decline month housing medical costs increased january compared year earlier cost utilities gasoline vegetables fell unadjusted consumer price index tokyo area base pct mid february month earlier reflecting lower prices food clothing footwear compared year earlier index pct due lower vegetable fuel oil utility costs reuter
georgia pacific mln dlr pretax gain sale georgia gulf stake
corp calendar div vs net profit billion vs billion sales billion vs bilion note company set sales target billion reuter
corning hazleton set ratio corning glass works said exchange ratio previously announced acquisition hazleton laboratories corp established corning common share hazleton common share corning said prospectus regarding merger expected mailed tomorrow hazleton holders record february hazleton shareholders vote proposed merger special meeting march reuter
nestle sa z year div swiss francs per share francs per participation certificate unchanged net billion vs billion shr vs turnover billion vs billion addition reserves mln vs mln reuter
britain mint new britannia gold coin britain next autumn mint market new bullion coin called britannia containing one ounce gold together bullion coins smaller treasury official said new investment coin sold worldwide fluctuate price according international price gold smaller coins half ounce quarter ounce tenth ounce reuter
financial corp th qtr loss shr loss dlrs vs loss dlrs net loss mln vs loss mln year shr loss dlrs vs loss dlrs net loss mln vs loss mln note th qtr year net includes mln dlr mln dlr provision respectively possible land real estate losses th qtr year net includes mln dlr mln dlr provision respectively possible losses reuter
american motors said directors took action chrysler proposal annual meeting
gatt sets dispute panel canadian herring ruling gatt council set formal dispute panel examine u complaint canadian law prohibiting export herring discriminatory david wood official spokesman general agreement tariffs trade gatt told news briefing decision taken bilateral consultations failed resolve row u ambassador michael charged council debate canada trying preserve domestic jobs insisting herring processed home robert white canada deputy chief delegation replied law line gatt rules reasons agreed setting dispute panel reuter
th qtr net shr dlrs vs dlrs net mln vs mln revs mln vs mln year shr dlrs vs dlrs net mln vs mln revs mln vs mln note current year includes loss equal cts shr takeover defense loss cts loss investment tax credits reuter
scott hospitality acquires capital food scott hospitality inc said acquired issued shares capital food services ltd ottawa terms disclosed scott said capital food sales mln dlrs continue operate present name existing management capital food provides food services several ottawa institutions company said reuter
southeast china crops saved heavy rain rains seven months believed saved one mln hectares drought threatened crops southeast china official new china news agency said week rains drought conditions guangdong province agency said china warned year harvest affected drought many areas reuter
lloyds bank matches base rate cut pct lloyds bank plc lloy l said cutting base lending rate pct pct effective tomorrow reduction follows similar moves three british clearing banks national westminster bank plc nwbl l led way morning bank england lowered dealing rates signal would tolerate half percentage point reduction central bank surprise signal followed efforts last week prevent market forces bringing base rates u k budget march reuter
national data corp rd qtr feb net shr cts vs cts net vs revs mln vs mln avg shrs mln vs mln nine mths shr cts vs cts net mln vs revs mln vs mln avg shrs mln vs mln reuter
texaco inc tx mln dlr defense contract texaco refining marketing inc awarded mln dlr defense agency contract jet fuel defense department said said work contract awarded part multi contract procurement program expected completed march reuter
viacom via nat l amusements seek fast merger chiefs viacom international inc national amusements inc said met agreed work together complete previously announced merger two companies possible spokeswoman viacom declined say executives set timetable closing deal viacom last week agreed acquired national amusements combination cash stock estimated value dlrs share total billion dlrs
beghin say says sugar offer ec still stands plan european producers sell tonnes sugar european community intervention stocks still stands official french sugar producer beghin say said last week beghin say president jean marc vernes said possible settlement row ec would lead producers withdraw offer made protest ec export licensing policies ec policy offer export rebates fail give producers equivalent price would get offering sugar intervention stocks vernes said said offer commercial affair producers intention withdrawing sugar offer already lodged intervention boards different european countries said final quality approval sugar offered could come later week pct already cleared quality ec reject offer sell intervention stocks quality grounds added ec regulations community early may pay sugar declined put exact figure amount sugar offered beghin say said tonnes reuter
texas air give former continental air holders another dlrs share
harper international acquisition harper international inc said intends buy major asset patents trade name corp designer process gas systems soft drink brewing industries purchase price dlrs sales dlrs reuter
conrac cax urges action bid conrac corp said asking shareholders take action dlr per share tender offer shares launched morning mark iv industries inc iv company said board study offer financial legal advisors make recommendation shareholders april reuter
american security release information american security corp said release forthcoming shortly regarding pending merger maryland national corp approved stockholders october american halted nasdaq pending news announcement reuter
senate wants japan pact enforced u senate unanimously called president reagan immediately force japan live pledge stop dumping microchips open markets u chipmakers senate voted urge reagan impose penalties japanese high technology products containing semiconductors retaliation sees japan violations semiconductor pact measure reagan action senate leaders said adoption would warn japan legislation would considered violations continue want send message japan let know senate feels matter senate democratic leader robert byrd told senate senate finance committee chairman lloyd bentsen told senate measure aimed retaliation correcting japan unfair trade practices key house trade representative richard gephardt also announced would seek force japan countries huge trade surpluses slash surplus pct year three years reuter
gencorp gy group holds pct stake general partners texas general partnership equally owned affiliates wagner brown afg industries inc afg said currently holds common shares pct gencorp inc gy outstanding common stock general partners said began dlrs share cash tender offer gencorp akron ohio based concern worth nearly billion dlrs gencorp interests tire plastic making aerospace broadcasting mln shares outstanding general partners offer subject receipt financing majority gencorp shares conditions letter gencorp chairman chief executive william reynolds describing offer general partners said willing negotiate terms offer prepared meet soon possible statement general partners said contributed mln dlrs equity financing also commitments one billion dlr credit line wells fargo co wfc billion loan shearson lehman brothers holdings inc unit american express co axp gencorp spokesman said company management meeting board scheduled meet today said sure company formally received notice offer aware press accounts declined say gencorp next move might whether would issue statement later today letter general partners said plans maintain gencorp corporate headquarters akron retain company plastics industrial products businesses tires related products segment letter mention gencorp rko general broadcasting subsidiary involved disputes license several television stations gencorp agreed sell two independent stations wor new york area khj los angeles general partners officials immediately available gencorp shares delayed opening new york stock exchange imbalance orders nyse said shares indicated open shares closed two yesterday new week high financing offer includes mln dlrs equity general partners billion dlr loan shearson lehman brothers senior subordinated bridge loan binding agreement delivered within hours request partnership one billion dlr credit line wells fargo wells fargo agreed lend mln dlrs line form syndicate banks provide rest partnership said shearson lehman brothers inc act dealer manager tender offer said letter partnership said confident could obtain financing close transaction promptly last fall afg privately held wagner brown offered acquired lear siegler inc billion dlrs withdrew offer higher bids emerged lear siegler eventually went private billion dlrs reuter
turkey import tonnes crystal sugar turkey announced tender import tonnes white crystal sugar advertisement local newspapers turkish sugar factories said advertisement pct option increase decrease amount bids reach march semi official agency recently quoted turkish minister industry trade saying turkey export tonnes sugar year import amount reuter
chinese industrial growth rate weak value china industrial output january february year pct higher period new china news agency said output increased pct january january pct february agency said recent increase largely due last year poor performance significant improvement made economic results said adding reported industrial product mix last quarter agency said amount tied working capital rose sizeable funds occupied goods quoted unnamed economists saying expect industrial production increase proper rate better results due cost efficiency drive underway throughout country gave details official industrial growth target year seven pct actual pct last year reuter
corp year loss yr ends nov shr loss cts vs loss dlrs net loss vs loss revs mln vs mln note prior yr ended nov reuter
national banc commerce co sets payout qtly div cts vs cts prior pay april eight record march reuter
ocean chem inc year net shr eight cts vs seven cts net vs sales vs reuter
canada banks could see pressure brazil loans canada major banks likely face stiff pressure declare brazilian loans non performing expected major u banks take similar action end first quarter tomorrow analysts said american bankers said last week slow progress debt talks brazil increased likelihood u banks would soon declare brazilian loans non performing action would put lot pressure canadian banks inc toronto based bank analyst told reuters banks like appear conservative said major bank puts loans non performing basis canadian banks going lot pressure shareholders one bank considering loans non performing another bank wood gundy inc bank analyst said willingness major brazilian bank creditor citicorp cci declare brazilian loans non performing rather let brazil dictate settlement terms would provide example creditor banks order make strategy work citicorp support banks said bank analyst michael walsh first marathon securities ltd said least one canadian bank declined identify wants put brazilian loans non performing basis trying encourage others take position canadian banks owed seven billion canadian dlrs brazil late last month suspended interest payments billion u dlr foreign bank debt banks canada although allowed wait days declaring loans receiving interest non performing usually move loans within days could therefore delay action brazilian loans late may falls canadian banks third quarter ending july bank montreal brazil largest canadian bank creditor said last week currently considering declaring billion dlrs brazilian loans non performing think benefit public walsh said bank montreal statement analysts predicted minimal earnings impact canadian banks move declare brazilian loans non performing said brazil would likely resume interest payments banks fiscal year end october thus allowing banks lost interest income brazil said quite likely banks get money said outlook point optimistic adjustment full year earnings forecast fully diluted per share earnings dlrs royal bank canada compared dlrs bank montreal compared dlrs canadian imperial bank commerce compared dlrs bank nova scotia compared dlrs toronto dominion bank forecast dlrs national bank canada dlrs two one stock split analyst said might lower full year earnings estimates banks two cts cts share assuming possible settlement reduced brazil interest costs banks receive anything rest fiscal year impact could range cts cts share see likely scenario said walsh first marathon suggested however brazilian debt situation complex could beyond one full fiscal year said foresaw lower fiscal earnings forecasts banks estimated brazil yearly interest payments canadian banks totaled mln dlrs pct total pre tax earnings reuter
buys company groupe ltd said agreed buy pct groupe inc company specializes product three mln dlrs reuter
investment firm raises stake corp los angeles investment firm said raised stake corp shares pct total outstanding common stock shares pct filing securities exchange commission said bought shares sept march total dlrs share said dealings investment said might increase stake said plans seek control company reuter
communications cable inc st qtr net oper shr seven cts vs loss nil oper net vs loss revs vs note net excludes gains discontinued operations dlrs vs dlrs current year net includes gain dlrs sale cellular telephone investment prior year figures restated discontinued operations reuter
japan moves tighten chip export curbs ministry international trade industry miti acted tighten restrictions microchip exports countries u preserve u japan pact semiconductor trade major japanese chipmakers doubt miti spokesman said ministry asked chipmakers issue certificates specified trading houses authorised exporters trading houses applying miti export licence required show certificate without automatically denied licences said industry officials predicted government measures likely limited effect long world semiconductor market remained weak u government industry officials complained repeatedly japanese chipmakers continue sell cost third countries despite july agreement japanese firms officials turn argue flow cheap chips third countries due grey market sales third party brokers seek profit gap low prices japan higher prices based production costs set japanese makers agreement miti spokesman said percentage grey market increasing one specific company suggests distributing products sales network knowing exported means case ask reduce figure miti earlier asked makers cut output certain chips pct first quarter spokesmen firms said doubt latest move long gap prices set pact market prices people want exploit gap make money hitachi ltd hit spokesman said reuter
lawson oil tax breaks help new fields revenue two new u k tax relief measures oil producers announced today aimed encouraging developments north sea go ahead boost opportunities offshore supplies industry inland revenue said post budget statement earlier chancellor exchequer nigel lawson announced annual budget parliament today companies allowed offset pct development expenditure certain future oil fields petroleum revenue tax prt date full relief allowed expenditure individual field income stream began immediately available development expenditure statement said new relief apply fields outside southern basin development consent first given today improve post tax economics new developments encourage companies proceed project might delayed said lawson also announced would allow certain expenditure oil related research present qualify prt relief offset prt liability means oil related expenditure u k u k continental shelf become allowable particular field within three years incurred allowed prt liability oil field inland revenue said brings scope prt relief research costs line corporation tax relief measures planned encourage general research ways reducing field development costs said due course industry benefit mln stg year calculated inland revenue statement also included technical measures lawson comment budget speech included measures allow companies balance shares prt exempt oil allowances two past periods allowance rules allowed prt expenditure announced also rules corporation tax advance corporation tax relating called ring activities u k continental shelf finance bill provisions implementation measures announced november said lewis north sea expert stockbrokers wood co inc thought two prt would help depressed offshore industry said pct cross field allowance relief would favour chances development smaller north sea fields would brought forward early development larger miller bruce oil fields might also encouraged said lewis said measure might also aid offshore construction industry suffered huge amount lay offs price slump pct last year pointed relief applies development new fields outside southern basin means jobs could created fields central northern sectors north sea deeper south thus greater capital labour requirements waters deeper south said prt relief certain research expenditure would help fundamental research oil industry although benefits research would seen several year reuter
aloha inc buyout completed aloha inc said leveraged buyout corp acquired pct aloha common pct aloha preferred tender offer concluded december completed dlrs per common preferred share controlled aloha chairman vice chairman c f ing president myers reuter
idaho power co sets quarterly qtly div cts vs cts prior pay may record april reuter
n bank discount borrowings mln dlrs eight major new york city banks mln dlrs average borrowings federal reserve week wednesday february fed spokesman said week marked second half two week bank statement period ended wednesday banks borrowings prior week commenting latest week fed spokesman said borrowing occurred yesterday done fewer half banks national data discount window borrowings due released est gmt reuter
norwegian central bank reserves fall january norway central bank reserves totalled billion crowns january billion december billion january central bank said monthly balance sheet foreign exchange reserves totalled billion crowns compared billion december billion crowns year ago gold reserves totalled mln crowns unchanged previous month year ago figure central bank special drawing right holdings billion crowns compared billion december billion year ago reuter
co bin regular dividend set qtly div cts vs cts previously pay april record march reuter
arbed sa br year net profit mln luxembourg francs vs billion turnover billion francs vs billion cash flow billion francs vs billion steel production mln tonnes seven pct board decide april whether pay dividend dividend paid since reuter
prudential corp plc l year shr p vs p adjusted div p making p vs p adjusted pretax profit mln vs mln tax minorities mln vs mln profit attributable mln vs mln pretax profit includes long term business mln vs mln general insurance business underwriting loss mln vs mln investment income mln vs mln trading loss mln vs mln investment management u k mln vs mln shareholders income mln vs mln pretax profit division includes u k individual division mln vs mln u k group pensions mln vs mln international mln vs mln mercantile general mln vs mln prudential portfolio managers mln vs mln prudential property services mln loss vs nil reuter
malaysia optimistic economic outlook malaysia central bank bank negara said economic outlook good view marked improvement commodity oil prices later months last year said latest quarterly review real gross domestic product averaged annual growth pct first nine months last year compared decline pct corresponding period growth generated mainly manufacturing sector added reuter
fed approves chemical bank acquisition texas commerce bancshares
costa rica optimistic reforming ico costa rica economy minister said sees new hope winning changes international coffee organisation system export quotas minister luis diego escalante serves president costa coffee institute said hopeful support offered costa rica smaller producing nations major consumers united states britain netherlands last week ico meeting london escalante told news conference carried weight negotiations meeting calling larger export quotas smaller coffee growing nations costa rica insisting escalante said new quota system based producing nation real export capacity satisfied internal demand countries whose sales possibilities close pct current quotas escalante said time countries favoured current system assigned quotas far export potential said current ico quota system unfair escalante said escalante attributed international coffee prices last week speculation rather real matters supply demand careful warned much coffee world say bags reuter
inc st qtr jan loss shr loss three cts vs profit two cts net loss vs profit sales vs avg shrs vs reuter
reagan ready impose trade curbs japan president reagan ready impose retaliatory trade action japan breaking semiconductor agreement united states white house officials said immediate indication reagan might act recommendations economic policy council curb japanese exports united states officials said move could come today early next week trade sources said actions reagan include tariffs wide variety japanese exports use semiconductors sources said tariffs could personal computers television laser printers aim japan major electronic firms including nec corp hitachi ltd toshiba corp fujitsu ltd said could also delay sanctions week two giving japan final opportunity end dumping practice added negotiators already held extensive talks japanese reuter
montgomery street income mts monthly dividend mthly div cts vs cts pay april record april reuter
first commercial bancorp th qtr loss shr loss cts vs loss dlrs net loss vs loss year shr loss cts vs loss dlrs net loss vs loss assets mln loans mln deposits mln note loss included non recurring expenses dlrs comprised asset write downs legal proceeding dlr provision loan losses reuter
snyder oil partners lp sets quarterly qtly div cts vs cts prior pay april record april reuter
u stock market tariffs yeutter u trade representative clayton yeutter said stock market u decision last week proceed tariffs japanese computer products speaking reporters prior house agriculture committee hearing yeutter said difficult trade decision affecting mln dlrs goods caused stock market collapse yesterday lot things involved stock market fall including simple profit taking yeutter said yeutter said japan would sending senior official trade ministry washington next week talks computer chip dispute going affect decision already made yeutter said decision announced last week would apply higher tariffs range japanese products retaliation alleged failure tokyo honor agreement u semiconductor trade reuter
time tl earnings may dlrs share time inc chief financial officer bigelow told security analysts company comfortable wall street estimates earnings range dlrs dlrs per share time reported earnings dlrs per share including number special items bigelow said adjusting results special items also removing earnings american television communications corp time earned dlrs per share turner broadcasting system inc said investment cable consortium would turner broadcasting directly consortium would mln dlrs turner broadcasting return pct equity interest ted turner chairman would retain pct interest turner broadcasting spokesman said bigelow said company continuing previously announced mln share repurchase program bought back mln shares said shares purchased first quarter average price dlrs per share bigelow said company always share buyback program place believes better long term investment starting business give specifics repurchases beyond mln shares already announced subject acquisitions richard chairman chief executive said company interested investing air broadcasting continues look areas currently engaged said book publishing area interested time company purchased scott foresman biggest acquisition ever n j nicholas president chief operating officer said company might interested relatively small book business said following recent agreement sale harper row news corp ltd may pieces murdoch want referring news corp chairman murdoch asked company business sale said delicate subject looking options marketing information service food industry published reports stated could worth much mln dlrs bigelow said time home box office added subscribers last year trend continuing first quarter however said hbo results quarter slightly first quarter special gain hbo unit nicholas said hbo combined growth last year also said tax rate remain pct repeal investment tax credits higher state local taxes said sees decrease tax rate five six percentage points said company plan increase dividend chairman chief executive american television communications said unit looking getting involved home shopping video area would player said said company talks home shopping network inc prior company public offering last year nothing came talks reuter
mobil mob restructure exploration unit mobil oil corp said restructure dallas based mobil exploration producing services inc operations april one provide stronger technological support u overseas operations mobil said operation consist two new units technical services application technology along existing drilling new exploration ventures groups said r c mills president general manager exploration producing southeast inc named vice president general manager new operation reporting p j president exploration producing division reuter
u k money market forecast revised show surplus bank england said revised forecast liquidity position money market today surplus mln stg estimated flat position earlier morning reuter
ico board seen unlikely set new coffee talks chances international coffee organization ico executive board meeting week agree resume negotiations export quotas soon look remote ico delegates trade sources said ico observers doubted brazil key consuming countries ready give sufficient ground convince side reopening negotiations would worthwhile said ico talks quotas last month broke eight days producers consumers failed reach agreement since seen signs change positions difficult see positive outcome stage brazilian delegate said quotas must negotiated sometime said u indicated open dialogue quotas brazil must flexible rather lower export share last negotiations delegates said week march april meeting member ico board scheduled discuss current market situation reintroduction quotas verification stocks administrative matters according draft agenda fact brazilian coffee institute president jorio dauster assistant u trade representative rosenbaum chief colombian delegate jorge cardenas attending meeting signalled market non event far negotiating quotas concerned would lot among producers behind closed doors work kind proposal september next scheduled council meeting mills commodities studies said traders delegates said seen sign date set earlier council meeting continues much longer analysts expect coffee agreement end operating without quotas remainder life september talks broke u brazil largest coffee consumer producer respectively blamed one another negotiations refusing compromise brazil wanted maintain previous export quota shares allocated pct world coffee exports consumers small group producers pressed shares using objective criteria would threatened brazil share recent meeting managua latin american producers costa rica honduras said willing put objections members group eight ico producers aside order stem damaging decline prices nicaraguan external trade minister martinez cuenca told reporters saturday london brief producers managua meeting however producers said aware move toward producer solidarity london coffee prices closed stg tonne today around beginning march reuter
corp nd qtr feb net shr cts vs cts net vs sales mln vs mln avg shrs mln vs eight mln st half shr cts vs cts net vs sales mln vs mln avg shrs mln vs eight mln reuter
revlon group rev reports results revlon group inc told securities exchange commission net profits sales billion dlrs year ended dec revlon filing sec compared results five months ending dec period lost mln dlrs sales mln dlrs earlier today macandrews forbes group inc began dlr share cash offer common stock revlon revlon today rose active trading macandrews controls pct voting power revlon said loss applicable common stock preferred dividends mln dlrs net loss per share cts compared net loss cts per share last year revlon said operating profit mln dlrs compared loss mln dlrs year earlier period net includes provision estimated loss mln dlrs compared mln dlrs year earlier earnings extraordinary items mln dlrs reuter
jardine matheson profits seen sharply strong performance retail businesses affiliates enable jardine matheson holdings ltd jard hkg report friday big net profit stock analysts said told reuters expect firm show earnings mln mln h k dlrs last year mln analysts also said expect jardine matheson pay total dividend cents share cents share james capel far east ltd estimates jardine matheson profits mln dlrs income retail sales analysts said group eleven retail stores franchises among christian goods cars produced strong cash flow alan hoare govett asia ltd also put jardine matheson net profits mln dlrs said estimates pre tax earnings retail operations mln dlrs mln said jardine matheson earnings pct stake hong kong land co ltd hkg fall mln dlrs mln dlrs reduced contribution reflects spin hong kong land dairy farm international ltd last september jardine gained direct holding pct dairy farm result spin analysts said jardine book revenues dairy farm stake final months year part retail business increase overall retail income figures analysts said jardine matheson also enjoy sharply increased revenues financial services mainly pct share jardine fleming holdings ltd jardine fleming yesterday reported record profits mln dlrs mln analysts said jardine matheson made net interest payments mln dlrs last year slightly mln dlrs company term debt remained level billion dlrs jardine also subject increased taxes mln dlrs last year mln said jardine matheson series effect turn holding company interests previously announced plan sell stakes hong kong land dairy farm newly created jardine strategic holdings ltd pct interest company statement issued last month said firm use proceeds repay debt leaving additional mln dlrs cash hand though jardine matheson direct stake high yield hong kong land dairy farm units likely develop business analysts said future stock depend firm ability structure new acquisitions said hoare govett noted firm suggested financial services key sector said may add insurance firms existing business reuter
safeguard scientific unit buys subsidiary safeguard scientific inc said subsidiary communications systems corp purchased telecommunications equipment business undisclosed amount cash notes common stock safeguard said bought business unit comsat inc subsidiary communications satellite corp reuter
inc rd qtr march one net shr profit eight cts vs loss cts net profit vs loss sales vs nine mths shr profit five cts vs loss cts net profit vs loss sales mln vs reuter
corp sets regular payout qtrly div three cts vs three cts prior pay may record april reuter
arab banker says soon single currency gulf arab states must coordinate economic policies closely moving towards goal unified currency system president arab bankers association said told news conference end arab currency traders meeting start coordination fiscal policies common system currencies quite substantial way go yet said would unified gulf currency system project six nations gulf cooperation council saudi arabia kuwait bahrain oman qatar united arab emirates held series meetings year examine linking currencies single peg system bankers say could european monetary system ems present five currencies linked either officially practice u dollar kuwaiti dinar pegged trade weighted basket currencies common currency system ems style would foster regional trade providing basis stable exchange rates said inter arab trade low capital flows gulf states remain small capital markets arab world still said said lack experience among arab banks financial instruments legal framework often recognise western banking concept interest hampered growth arab markets reuter
computer corp year net shr given net profit vs loss sales vs note company operating chapter bankruptcy sales exclude contract revenues dlrs net includes reversal dlrs reserves longer necessary tax credit dlrs reuter
brazil gros meet banks trade line issue brazil central bank governor francisco gros meet senior commercial bankers today new attempt defuse anger generated country unilateral suspension interest payments billion dlrs foreign commercial bank debt bankers said gros meet representatives citibank head brazil bank advisory committee co heads morgan guaranty trust co lloyds bank plc high agenda banks complaints brazil accompanying freeze billion dlrs short term trade interbank lines bankers said brazil several hundred creditor banks worldwide agreed last march extend credit lines march part billion dlr financing package bankers said looming commitment coupled brazil freeze raised technical legal questions banks want discuss gros said face problems freeze requirement payment due made brazilian bank trade facility must deposited instead central bank means foreign bankers cannot easily switch credit lines one borrower another requirement deposit central bank also meant brazilian banks able negotiate lower interest rate spreads foreign banks would rather accept reduced margin see money deposited central bank caused lot ill banking community one banker said gros also expected brief banks results day tour europe japan finance minister completed seek official support brazil debt stance reuter
central railway th qtr net oper shr cts vs cts oper net vs revs mln vs mln year oper shr cts vs dlrs oper net vs revs mln vs mln note net excludes extraordinary loss dlrs eight cts shr vs yr ago gain dlrs cts shr reuter
electronics inc nd qtr jan shr profit cts vs loss two cts net profit vs loss sales mln vs st half shr profit cts vs profit cts net profit vs profit sales mln vs mln reuter
unocal raises crude prices cts today wti dlrs
woolworth underwoods fail agree bid underwoods plc said possible agree terms bid made woolworth holdings plc wluk l talks two companies holding exploratory discussions spokesman either company immediately available say terms could agreed whether possibility bid abandoned last week underwoods shares rose p p ahead announcement talks announcement today brought back p last night close p woolworth unchanged p reuter
u housing completions fell pct january u completions new homes fell pct january seasonally adjusted rate mln units mln december commerce department said january fall came strong pct rise november rate mln units brought completions pct january level mln units january completions single family units rose pct seasonally adjusted mln units mln units december multi family units fell pct units january department said reuter
rugby well prepared new cement competition rugby portland cement plc l said well placed operate new circumstances following ending february year old cement manufacturers common price marketing arrangements statement following release results stated current year started well reported pretax profits year rose mln stg mln previously turnover higher mln mln strong recovery first six months continued second half although u k cement demand rose modestly results benefitted cost cutting higher volumes decision cement makers federation end pricing agreement reflected pressure higher competition due growing imports possibility system would taken restrictive practices court u k government stated john unit benefitted strong growth although overseas operation difficult period high maintenance costs increased depreciation charges company proposing change name next annual meeting rugby group plc rugby said spent mln stg acquisitions noted western australia hotels company agreed sell hotel mln australian dlrs seven mln stg end book value results largely line forecasts rugby shares little changed p friday close reuter
equitable banc ameritrust stake group controlled equitable bancorp chairman alfred lerner said acquired pct stake ameritrust corp may buy pct regulatory approval filing securities exchange commission group said bought stake mln ameritrust common shares mln dlrs investment group acting clevebaco l p cleveland partnership also said would seek regulatory approval increase stake lerner owns clevebaco corp general partner clevebaco l p lerner group said filed federal reserve board march notice intent buy pct common stock ameritrust cleveland bank holding company fed approves lerner whose equitable bancorp also cleveland said intends buy ameritrust stock subject market conditions factors since lerner heads bank holding company assets greater one billion dlrs said barred law serving director officer ameritrust representatives board lerner said intention ameritrust management policies group said clevebaco l p bought one mln shares bear stearns co inc march dlrs share lerner said accumulated one mln shares march sold clevebaco l p controls march dlrs share reuter
canadian imperial bank commerce st qtr share basic cts vs cts
pacific nuclear systems th qtr loss shr loss cts vs profit seven cts net loss vs profit revs vs year shr loss cts vs profit cts net loss vs profit revs vs mln reuter
bids awarded hills crude oil u department energy said awarded bids barrels per day bpd crude oil hills naval petroleum reserve california contract period runs april one july one doe said successful bidders amount crude oil price per bbl according doe follows texaco inc tx texaco trading transport bpd dlrs bpd dlrs oil co bpd dlrs bpd dlrs golden west refining bpd dlrs successful bidders amount oil price per bbl according doe continue follows chevron chv chevron usa inc bpd dlrs bpd dlrs chevron international oil co bpd dlrs bpd dlrs newhall refining co bpd dlrs inc bpd dlrs co bpd dlrs also refining inc bpd dlrs oil co bpd dlrs sound refining inc bpd dlrs atlantic richfield co arc bpd dlrs successful bidders amount crude oil price per bbl according doe continue follows inc bpd dlrs co bpd dlrs golden eagle refining bpd dlrs macmillan ring free oil co bpd dlrs bpd dlrs bpd dlrs resources bpd dlrs petro diamond bpd dlrs reuter
liberty star usa sets initial payout liberty star equity fund said declared initial dividend five cts per share payable april two shareholders record march said dividend includes quarterly dividend three cts share special payout two cts share covers period november three fund began operations december fund said quarterly dividend rate may fluctuate future reuter
health group limited qtly payout qtly div six cts vs six cts prior pay april one record march reuter
guardian national insurance co ltd j year shr cts vs cts final div cts vs making cts vs pre tax mln rand vs mln net mln vs mln tax mln vs mln gross premiums mln vs mln net premiums written mln vs mln underwriting loss mln vs loss mln div pay april register march note period year december reuter
hutchison announces bonus issue new b shares hutchison whampoa ltd h announced bonus issue one new b share h k cents every two existing ordinary shares cents share par value company statement said hutchison forecast dividends existing shares less cents share less cents b share hutchison said new issue help increase flexibility planning future expansion moves making acquisitions without affecting existing control structure group move provide long term stability ensure overall control hutchison group provides hutchison stable framework within management development planned growth group businesses take place added hutchison shares lost one dlr end dlrs today reuter
great american corp sees st qtr charge mln dlrs loan loss allowance
cbi survey points surge u k output british manufacturers expect output grow rapidly four coming months confederation british industry cbi survey shows cbi monthly trends survey march shows pct polled u k firms expect raise output next four months nine pct expect output fall pct said production would likely remain unchanged cbi said positive balance firms expecting production rise forecasting fall pct highest figure recorded since cbi february survey pct companies expected rise output pct forecast production would remain present levels eight pct expected production drop survey also showed pct polled companies consider current order books normal pct view normal pct regard normal highest positive balance since question first asked years ago cbi said february figures pct pct pct respectively companies also rated export possibilities higher polled companies pct rated export order books normal pct described normal pct believed export orders normal levels february pct thought export books normal pct believed normal pct proportion companies rating export books normal unchanged february march prices survey showed pct companies expect average prices domestic orders booked remain unchanged coming four months pct february reuter
japan carefully considering money policy sumita bank japan governor satoshi sumita said central bank carefully consider monetary policy light recent sharp fall dollar asked bank japan consider cut discount rate said thinks bank carefully consider future money policy told lower house budget committee parliament credit conditions eased five discount rate cuts japan since beginning last year japan must especially careful inflation money supply growth accelerating said sumita said central bank would continue make judgement monetary policies watching consumer prices exchange rates economic financial conditions outside japan asked september plaza agreement failure dollar fallen far sumita said still thought pact good one sense corrected dollar plaza accord set target dollar fall said dollar steep fall stems market belief trade imbalance continue expand said reuter
land co inc quarterly dividend qtly div cts vs cts pay march record feb reuter
c holdings inc sets quarterly qtly div cts vs cts prior pay march record march reuter
cineplex odeon corp year net oper shr basic dlrs vs cts oper shr diluted cts vs cts oper net mln vs mln revs mln vs mln avg shrs mln vs mln note net excludes extraordinary gain dlrs cts shr basic eight cts shr diluted net involves week reporting period reflect change yr end coincide calendar yr reuter
chinese port despite nearby chinese port working well capacity despite miles shanghai seriously port official said said port china handled mln tonnes cargo last year mln well potential capacity mln tonnes shanghai handled mln tonnes cargo said inadequate facilities including single track rail line linking national network crude oil exports coal north south china imports include fertiliser iron ore brazil australia handle ships tonnes oil tankers tonnes load harbour port infrastructure built since official publications show container two timber three general cargo added current five year plan said rail line double maybe shanghai added reuter
unicorp american uac acquisition advances unicorp american corp said signed definitive agreement previously announced acquisition lincoln savings bank company said transaction still subject regulatory approvals reuter
ambrit inc abi th qtr jan net shr cts vs nil net vs revs mln vs year shr cts vs nil net vs revs mln vs mln note current year results includes revs mln dlrs chocolate co inc acquired march note shr results preferred dividend payments dlrs current qtr dlrs current year net includes gains sale investment securities international dlrs vs dlrs qtr dlrs vs dlrs year net also includes extraordinary loss early retirement debt dlrs year ago mths reuter
canadian money supply falls billion dlrs week bank canada said
senator wants stronger air merger regulation chairman senate antitrust subcommittee said transportation department allowing many airline mergers proposed authority justice department transportation department antitrust enforcement disastrous permitting merger ohio democrat howard said statement nine largest airlines control per cent market bad competition bad consumer said said introduced bill transfer antitrust authority airline mergers justice department hopes would restrictive transportation department reuter
taiwan second quarter imports seen rising taiwan imports second quarter expected rise billion u dlrs billion year earlier billion first quarter year statistics department said department official attributed increase growing domestic investment private public sectors expected rise billion u dlrs billion year earlier billion first quarter taiwan exports april june quarter expected rise billion u dlrs billion year earlier billion first quarter official said taiwan trade surplus expected climb billion u dlrs second quarter billion year earlier billion first quarter year surplus expected come trade u taiwan largest trading partner importer nearly pct taiwan total exports said said expected taiwan imports including grains machinery power plant equipment u rise sharply government efforts balance trade washington declined give figures reuter
corp sets dividend qtly div cts vs cts prior pay april one record march reuter
corp sets quarterly dividend qtly div cts vs eight cts prior pay april one record march reuter
h j heinz co rd qtr jan net shr cts vs cts qtly div cts vs cts prior net mln vs mln revs billion vs billion nine mths shr dlrs vs dlrs net mln vs mln revs billion vs billion note dividend payable april shareholders record march reuter
amoco said well trinidad flows mln cubic feet natural gas daily
canada february unemployment pct canada february unemployment rate seasonally adjusted fell pct pct january statistics canada said rate pct february last year seasonally adjusted employment february compared january unemployment slipped reuter
gencorp gy study general partner bid gencorp inc chairman william reynolds said company board financial legal advisors study unsolicited tender offer general partners right advice shareholders wait board position happen march reynolds said earlier today general partners controlled wagner brown afg industries inc said started tender offer gencorp shares stock purchase rights dlrs share general partners said offer due expire april conditioned receipt sufficient financing conditions asking shareholders postpone decision whether accept reject offer board evaluation reynolds said statement wagner brown afg offer expire april shareholders time make decision said reuter
neoax sell mln dlrs neoax inc said agreed sell assets business division instruments inc mln dlrs neoax said expects gain nine mln dlrs transaction expected second quarter adding gain tax loss carryforwards makes military power supplies components various prime government defense contractors sales mln dlrs reuter
gold mine lac minerals ltd inc said completed second hole jointly owned mine quebec showed two significant gold intersections one graded ounce gold per short ton feet depth feet graded ounce gold per ton feet feet companies said hole feet east previously reported first hole another hole drilled feet west first drill hole results expected late march early april reuter
co steel inc th qtr net oper shr cts vs cts oper net vs revs mln vs mln avg shrs mn vs mln year oper shr dlrs vs cts oper net vs revs mln vs mln avg shrs mln vs mln note qtr shr net exclude tax gain dlrs cts share versus gain dlrs dlrs share year shr net exclude tax gain dlrs cts share versus gain dlrs dlrs share reuter
chrysler sets three two stock split raises dividend
indonesia limits oil price impact finance minister indonesia economic impact falling oil prices kept inflation within limits boosted exports finance minister said indonesia badly hit last year steep plunge crude prices cut revenue oil exports half quoted indonesian newspapers telling president suharto inflation kept around nine pct financial year ending tomorrow around pct previous year exports estimated risen seven pct said although give complete figures depressed economy forms main general elections next month indonesia major producer rubber palm oil tin timber coffee said also difficult appreciation currencies like yen mark dollar increased indonesia debt repayments said economy would suffered world economic recession government devalued pct last september editorial economic outlook jakarta post said government must press ahead measures deregulate economy help boost non oil exports english language daily said bigger export earnings needed finance imports also country growing foreign debt estimated around billion dlrs pct foreign debt obligations fall due within next three five years steadily increase debt servicing burden paper said however end investors seen bargain expectation yen interest rate decline dealers said dealers cautious face dollar today possibility u interest rate rebound halt dollar depreciation pct coupon volume billion yen april year bond proposed finance ministry afternoon taken market reuter
sugar traders forecast likely ec sugar rebate london traders say european community likely award maximum rebate european currency units per kilos today tender traders paris predict maximum award ecus last week ec awarded licences tonnes rebate ecus trade views differed amount sugar likely released today london traders said ec commission probably endeavour release large tonnage much tonnes may authorised export licences end september paris traders put likely tonnage around reuter
predicts n z inflation fall pct new zealand inflation rate could fall eight pct coming year prime minister david said said forecasts released soon research groups would predict rate around eight nine pct months end march pct calendar predict something eight per cent told news conference would name forecasting groups reuter
centel corp cnt regular payout set qtly div cts vs cts previously pay april record april seven reuter
mickelberry corp sets qtly payout qtly div cts vs cts prior pay march record march reuter
foote mineral merge rio tinto foote mineral co said signed letter intent merge rio tinto zinc corp plc cash foote pct owned newmont mining corp said newmont informally indicated would vote favor rio tinto proposal foote said terms agreement including price proposed cash transaction released subject continuing due diligence investigation company said definitive merger agreement expected negotiated within six weeks shareholders expected vote deal meeting expected held june july reuter
resources ltd drilling program resources ltd said extensive drill program begin mid april gold property north central nevada said seek increase present reserves eight mln short tons grading ounce gold per ton found usx corp x small portion acre property determine location possible high grade ore zones depth test targets reuter
coke affiliate sell stake de laurentiis entertainment group inc said embassy communications general partnership affiliated coca cola co ko plans sell pct stake company filing securities exchange commission secondary offering de laurentiis said embassy offer entire stake company shares common stock public sale de laurentiis said mln shares outstanding painewebber inc offering reuter
corp rd qtr dec loss shr loss dlrs vs profit two cts net loss vs profit revs mln vs mln nine mths shr loss dlrs vs loss cts net loss vs loss revs mln vs mln note includes losses discontinued operations dlrs vs loss dlrs rd qtr dlrs loss vs dlrs loss nine mths reuter
pan main unit report smaller loss pan corp said largest division atlantic report first quarter loss substantially lower reported year ago st qtr pan reported net loss mln dlrs included foreign exchange losses mln company say much atlantic division lost pan also said encouraged passenger traffic results far year well trends january february airline said total revenue passenger miles five pct pct respectively months last year also said based current trends largest division report improved second quarter traffic compared last year resulted load factor pct second quarter pan also said principal subsidiary pan american world airways net loss mln dlrs compared profit mln dlrs included gain mln dlrs sale pacific division said airline operating loss year mln dlrs compared operating profit mln dlrs reuter
u bank discount borrowings mln dlrs u bank discount window borrowings less extended credits averaged mln dlrs week wednesday february federal reserve said fed said overall borrowings week fell mln dlrs mln dlrs extended credits mln dlrs mln dlrs week second half two week statement period net borrowings prior week averaged mln dlrs commenting two week statement period ended february fed said banks average net free reserves mln dlrs day billion two weeks earlier federal reserve spokesman told press briefing large single day net fed reserve projections week wednesday said natural float acting bit time year noting poor weather latest week spokesman said natural float ranged mln dlrs friday could give reason nearly one billion dlrs thursday wednesday fed could give reason thursday high float said mln dlrs wednesday float figure due transportation float two widely fed week whole said float related adjustments small adding fell negative mln dlrs tuesday due number corrections unrelated cash letter six around country spokesman said tuesday wednesday two different clearing banks system problems securities federal funds held open est days however said problems cleared evidence reserve impact week ended wednesday pct net discount window borrowings made smallest banks pct large money center banks pct large regional institutions wednesday pct borrowing accounted money center banks pct large pct smallest banks fed spokesman said banking system excess reserves thursday monday tuesday deficit friday produced small daily average deficit week whole two week period said relatively high excess reserves daily almost smallest banks reuter
kaufman broad inc st qtr feb net shr cts vs cts net vs revs mln vs mln avg shrs vs reuter
phoenix steel receives offer mill phoenix steel corp said group investors offered buy clayton steel plate mill eight mln dlrs assumption bond obligation phoenix disclose investors phoenix forced close clayton mill last month company said offer represents major step restructuring company reuter
dixons says sec moving cyclops cyl tender dixons group plc said securities exchange commission authorized filing action concerning waiver condition tender offer cyclops corp dixons offered buy pct cyclops shares sec action deals waiver dixons condition tender offer made without appropriate extension offer dixons said dixons also said currently discussing matter sec sec standing policy never confirming denying investigations upcoming legal action reuter
woolworth holdings plc wluk l yr end january shr p vs shr fully diluted p vs div p vs making vs turnover billion stg vs billion pretax profit mln vs mln tax mln vs mln retail profit b q mln vs mln mln vs mln woolworth mln vs mln mln loss vs loss property income mln vs mln net interest payable mln vs mln extraordinary debit mln vs mln reuter
gold mines ltd year shr cents vs yr div cents vs net mln dlrs vs mln turnover mln vs mln income mln vs shrs mln vs note company paid total cents previously declared quarterly divs vs net tax dlrs vs interest mln vs mln depreciation mln vs mln reuter
fhlbb changes short term discount note rates federal home loan bank board adjusted rates short term discount notes follows maturity new rate old rate maturity pct days pct days days pct pct days days pct pct days days pct pct days days pct pct days reuter
billiton seeks change surinam policies billiton international metals b v dutch mining company urged surinam change policies says causing heavy losses bauxite mining operations company spokesman said told reuters billiton fully owned royal dutch shell rd subsidiary presented demands top aide surinam military leader visited netherlands last week official talks billiton suralco owned u conglomerate alcoa aa want devaluation lower wages contributions taxes bauxite energy prices two firms biggest private sector employers surinam billiton also urged improve safety employees campaign jungle group spokesman said adding fighting since july depressed production billiton suralco plants high cables power plant cut bauxite mine moengo shut added already making vast losses surinam expect company remain operating losses spokesman said reuter
twa files application seeking right raise usair stake pct
german bond yields seen falling near term west german bond yields could decline next months recent efforts stabilize exchange rates seen last month paris pact extend keeping european interest rates banking economists said longer term domestic yields could rise agreements stimulate west germany economy said paris agreement far successfully stabilized currencies threat central bank intervention economists said economists speculated g countries may try bolster pact u west german interest rates meet imf interim committee april recent round monetary bundesbank bank japan firming federal funds rate significant mark movements u foreign interest rates salomon bros inc said recent study said narrowing international interest rate spreads major factor dollar fall spreads widened dollar stabilized west german bundesbank president karl otto poehl encouraged u cut interest rates january bundesbank cut rates half point avoid weakening dollar west german economists see room cuts leading west german rates dollar resumes decline peter spokesman commerzbank ag said economists see room cut west german rates first half year emerging inflation limit room later year bundesbank average yield public paper already nearing last year low last week yields fell around pct far low pct posted mid april economists said trend may cause domestic investors shift funds short longer term paper move would tend yield short long term rates become pronounced since bundesbank lowered discount rate might also facilitate cut leading rates shift savings accounts securities would slow growth bundesbank central bank money stock aggregate conflicting trend plans increase west german tax cuts part paris currency pact designed meet u demands faster west german growth move may force interest rates creating revenue must higher government borrowing may occur private sector demand credit remains weak demand could emerge rates begin rising economists said appeared government already stepped borrowing year revenue loss sources including tax losses resulting weaker expected economic growth higher expected spending chief economist west german ifo said newspaper interview expected tax revenue billion marks estimates west german government november tax shortfall unlikely push yields coupled factors foreign speculative buying mark bonds dollar decline long term yields may rise economists said public authority borrowing may also rise owing increases second phase bonn tax reform package west german government raising total tax cuts billion marks billion west german chancellor helmut kohl said last week increased borrowing finance tax reform acceptable finance minister gerhard stoltenberg said last thursday looking ways finance reform raising indirect taxes economists believe government able go tax measures without increasing net borrowing bundesbank said february report wrong believe first stage tax reform could managed without increasing deficits bundesbank said west german public authorities borrowed large billion marks credit markets final quarter compared billion fourth quarter federal government took nearly billion marks fourth quarter figures also drew two billion marks bundesbank advances end year required credit quarter reuter
supermarkets inc st qtr jan shr cts vs cts net vs sales mln vs mln prior year net includes pretax charge dlrs reopening eight stores reuter
u grain fall week u grain totaled cars week ended february pct previous week pct corresponding week year ago association american railroads reported grain mill product week totalled cars pct previous week pct week year earlier association said reuter
ottawa seeks explanation credit card rates minister state finance tom hockin said asked canadian bankers association industry lobby group explanation level credit card interest rates hockin said hopes association response important issue soon hockin responding questions house commons credit card rates run high pct per year remain high rates falling today canadian bank rate fell pct pct last week canadian imperial bank commerce cut prime rate effective tomorrow pct pct reuter
rostenkowski says oppose protectionist trade bill u house
canada industry prices fall pct month canadian industrial product price index base fell pct february rising pct january statistics canada said significant part monthly decrease attributable impact increase canadian dollar prices wood newspaper aluminum nickel motor vehicles federal agency said year year basis index pct little change pct decline posted january reuter
japan little new offer microchip dispute japanese government appears little new offer settle dispute u computer chips trade analysts government officials said u threatened impose tariffs worth mln dlrs japanese electronics exports u retaliation japan alleged failure keep pact microchip trade signed last september foreign ministry official told reuters japan done must persuade united states wait steps take effect u alleges september agreement japan still selling microchips cost non u markets refusing open japan u chip sales u tariffs due take effect april analysts noted japan ministry international trade industry miti already ordered chipmakers cut production order dry source cheap chips sold third countries non regulated prices sure miti much said jardine fleming securities ltd analyst edwards miti official said ministry planning call production cuts beyond already sought although would continue press chip users buy foreign goods spokesmen japanese electronics firms said would consider buying u chips electric industrial co spokesman said rapid increase imports likely analysts said japanese exporters would hard hit united states implement tariffs would levied consumer electronics products rather microchips tariffs remain place length time complete erosion exports united states said tom murtha analyst james capel co japanese electronics industry powerful stopped recovery industry delayed another year said analysts said tariffs would also harm u industry stepping offshore production reducing demand japan semiconductors u firms trying sell american approach full jardine fleming edwards said want expand u exports last thing want hit makers final products hurts final market edwards said analysts said dispute reflects u concern sees strategic industry also frustration japan vast trade surplus analysts argued solve semiconductor problem japan may take action beyond pledged semiconductor pact analyst salomon brothers asia ltd said major overall issue stimulate domestic economy move away export dependent economy reuter
dow dow amends resins price increase dow chemical co resin department said recent price increase abs resins announced march effective date april dow said effective april selling prices grades abs resins injection custom sheet automotive markets rise six cts pound instead three cts pound announced previously dow also said selling prices performance grades resins markets increase eight cts pound rather five cts announced company said abs resins pipe extension increase three cts pound effective april previously reported dow said altered increase reflect changes industry past month reuter
new rubber pact formally adopted tomorrow new international natural rubber agreement inra formally adopted tomorrow chairman negotiating conference manaspas xuto thailand said successful negotiation new agreement represents significant step forward international economic cooperation told news conference new inra replace current one expires october delegates renegotiation conference held auspices u n conference trade development unctad reached agreement central elements new accord last weekend xuto said new inra retains reference price malaysian singapore cents per kilo indicative prices set present pact price levels continue expressed joint malaysian singapore currency added new agreement also maintains basic structure price ranges may sell may buy points plus minus pct reference price well must sell must buy zones plus minus pct xuto said new pact maintains objectives set present accord important stabilise prices achieve balanced growth demand supply said buffer stock remains sole instrument market intervention price stabilisation maximum capacity unchanged tonnes xuto added month session fourth attempt two years negotiate new inra main issue resolved concerned mechanism adjusting reference price agreed conduct reviews reference price every months instead current month intervals extent adjustment also modified present agreement daily market indicator price upper intervention may sell price currently malaysian singapore cents lower intervention price may buy price cents present six months reference price revised five pct whatever amount international natural rubber council decides new pact adjustment circumstances five pct unless council decides higher adjustment similarly buffer stock purchases sales amount tonnes would automatic adjustment three pct new accord unless council decides higher percentage throughout talks began march producers strongly opposed consumer proposal lower reference price lower indicative price floor price cents present pact buffer stock currently tonnes reached tonnes proposal initiated u withdrawn last friday setting stage compromise weekend since negotiators worked details new pact question conditions entry force new inra xuto said tentatively agreed governments accounting pct world exports pct world imports approved ratified new agreement became operational present agreement figure pct reuter
guardian trustco inc th qtr net shr cts vs nine cts net vs revs given year shr dlrs vs cts net vs revs mln vs mln note shr preferred dividends reuter
nova alberta corp th qtr loss shr loss cts vs loss dlrs net loss mln vs loss mln revs mln vs mln year shr profit cts vs loss dlrs net profit mln vs loss mln revs billion vs billion avg shrs mln vs mln reuter
japan february money supply rises pct japan broadly defined money supply average plus certificate deposits cds rose preliminary pct february year earlier compared pct rise january bank japan said seasonally adjusted february average plus cds supply rose pct january said unadjusted plus cds stood average billion yen february compared billion yen january reuter
viacom international inc via sets quarterly qtly div seven cts vs seven cts prior pay may eight record april reuter
corp sets quarterly qtly div six cts vs six cts prior pay april record march reuter
second national building raises dividend qtrly seven cts vs six cts pay april record march note full name company second national building loan reuter
gerber buys gerber systems shares gerber scientific inc said gst acquisition corp purchased shares pct owned gerber systems technology pursuant january tender offer following purchase gerber made capital contribution gst shares owned resulting pct ownership gst reuter
owens corning completes sale plants owens corning fiberglas corp said completed previously announced sale three foam products plants atlas corp undisclosed terms sale part restructuring company said reuter
sell store inc said entered agreement sell last remaining store original liberty house california operation h san inc terms disclosed reuter
corp th qtr jan net shr cts vs cts net vs revs vs year oper shr cts vs cts oper net vs revs mln vs mln note prior year net excludes dlr loss discontinued operations dlrs disposal share adjusted stock dividends reuter
oak hill sportswear corp th qtr net shr cts vs cts net vs sales mln vs mln year shr cts vs cts net vs sales mln vs mln avg shrs vs reuter
inc rd qtr jan loss shr loss six cts vs loss cts net loss vs loss revs vs avg shrs mln vs mln nine mths shr loss cts vs loss cts net loss vs loss revs vs avg shrs mln vs mln reuter
norwegian unemployment falls march unemployment fell march pct workforce compared pct february pct march labour directorate said reuter
u chipmakers urge sanctions japan semiconductor industry association urged u government impose trade sanctions japan violating u japan semiconductor trade agreement letter treasury secretary james baker group said sanctions imposed japanese chipmakers april continue united states satisfied full compliance agreement group said action japan cut back semiconductor exports required america interests require agreements u industries bear burden persistent unwillingness inability government japan deliver commitments trade group said white house economic policy council expected discuss possible sanctions japan meeting scheduled thursday trade group said japan lived terms agreement last year aimed ending japanese dumping semiconductors opening japanese markets foreign based manufacturers reuter
corp th qtr jan net shr primary cts vs cts shr diluted cts vs cts net vs revs mln vs mln avg shrs primary vs avg shrs diluted vs year shr primary dlrs vs dlrs shr diluted dlrs vs dlrs net mln vs year revs mln vs mln avg shrs primary vs avg shrs diluted vs note includes tax lifo charges dlrs vs dlrs qtr dlrs vs dlrs year reuter
st paint corp year net shr cts vs cts net vs revs mln vs mln reuter
japan conducts currency survey big investors finance ministry official said ministry recently conducted survey foreign exchange transactions institutional investors declined say aimed dollar sales however financial market sources said heard ministry asked life insurance securities firms refrain selling dollars unable confirm directly dealers said life insurance firms major sellers dollars recent trading sessions already sold hedge risks dealers said securities houses trust banks hand aggressively sold dollar reuter
uk unit wage labour costs rose pct three months ending jan official
london cocoa trades lows midmorning cocoa futures fell session lows midmorning posting losses last night six two stg tonne deliveries dealers said weekend general book fall aided steady sterling versus dollar lack offtake physicals market dealers said market switch bound pressure one particular month certain reflected adjacent deliveries however remained cautious operators eventual start icco buffer stock buying dealers said market originally forecast open average five stg gains last night following new york firmer close yesterday dealers said largely counter balanced currency factors near july traded session low stg one hour versus bid last night early high volume midmorning lots including lots sign origin activity reuter
canadian imperial sees lower loan losses canadian imperial bank commerce earlier reporting higher net income first quarter ended january said expects loan losses lower last year mln dlrs however bank said maintain high level loan losses established last year many market uncertainties commerce bank set loan loss provisions mln dlrs fiscal ended october bank earlier said first quarter net income rose mln dlrs mln dlrs prior year profit per basic share dividends fell cts year ago cts commerce bank said market uncertainties used estimate mln dlrs fiscal loan losses calculating first quarter results bank first quarter provision loan losses rose mln dlrs mln dlrs prior year commerce bank also said continue adopt adding general provisions loan exposure countries designated federal government general banks first quarter net partly benefitted net interest income mln dlrs year ago mln dlrs commerce bank said improved income rose mln dlrs year earlier mln dlrs net income partially offset increased loan loss provisions non interest expenses income taxes bank said first quarter total assets increased billion dlrs mln dlrs prior year due mainly continued expansion consumer loan mortgage fields return assets increased two cts cts per dlrs average assets first quarter fiscal declined two cts fiscal fourth quarter bank also said total non accrual loans increased billion dlrs first quarter year ago billion dlrs however non accrual loans declined mln dlrs fiscal year end despite recent announcement suspension interest payments brazil virtually bank loans country income producing january little adverse impact bank earnings prior announcement commerce bank said bank disclose forecast impact future earnings brazil suspension interest payments reuter
louisiana pacific buys oregon sawmill louisiana pacific corp agreed pay dlrs bankrupt harris pine sawmill ore mill bankruptcy trustee said louisiana pacific refused indicate whether would lumber mill closed sawmill owned seventh day filed bankruptcy petition portland federal court december trustee said company wtd industries inc lumber mill harvested contracts harvest timber national forest bankruptcy trustee said reuter
citroen expects higher profits helped ax citroen expects rising sales new ax compact car help boost profits significantly year continuing financial recovery six straight years losses president jacques said speaking reporters weekend new ax sports model said budgetary forecasts able make show relatively significant improvement compared added citroen part private sa pa group increased share french new car market pct first two months pct year earlier aiming average pct share throughout year pct firm believes target raise share european market excluding france pct year pct first problem produce enough vehicles meet demand said relatively new problem us citroen lost close two billion francs cut deficit mln helped moves modernise range improve productivity indicated last december expected citroen profit million francs weekend said profit estimates remain perhaps even little optimistic optimism due early success ax launched french market last october available throughout western europe within four months car registered sales built citroen large plant northern paris well spain production reaching target level cars day car citroen markets intermediate model long running visa designed compete renault volkswagen ax built market share france around four pct last month said hope ax fully developed seven per cent national market reuter
boliden says results burdened loss writeoff swedish mining metals group boliden ab blds st forecast return profitability recording billion crown loss burdened massive write company consolidated swedish wholesale investment conglomerate ab year said result included restructuring costs write offs mln crowns costs arisen results change direction group mainly one burdened annual accounts company said statement boliden said company liquid assets billion crowns year end together investment portfolio billion made one liquid swedish companies result losses board proposed dividend year although predicted return profitability statement added swedish process equipment components firm trelleborg ab taken majority stake boliden since beginning year trelleborg said plans boliden reuter
u industrial capacity use rate rose pct feb pct jan
aero services pact aero services international inc said signed agreement controls pct common stock three nominees aero board selected addition nominees stephen l chairman chief executive officer mccrory corp james n c iii vice president secretary corp reuter
toys r us inc toy th qtr feb one net shr cts vs cts net mln vs mln revs billion vs mln mths shr dlrs vs cts net mln vs mln revs billion vs billion note net restated reflect three two stock split june reuter
electric power co jan net shr cts vs cts net vs revs vs avg shrs mln vs mln mths shr dlrs vs dlrs net vs revs billion vs billion avg shr mln vs mln note latest mths net includes gain cts per share sale virginia service territory dominion resources inc reuter
energy ltd year net shr cts vs cts net vs revs mln vs mln avg shrs vs reuter
energy factors buy allied ald units energy factors inc said signed agreement acquire gwf power systems co combustion power co inc allied signal inc undisclosed terms two allied units operate developing projects small petroleum coke power plants reuter
scott instruments corp year loss shr loss cts vs loss cts net loss vs loss revs vs reuter
london scottish marine oil plc l year div p vs p shr p vs p pretax profit mln stg vs mln net mln vs mln total turnover mln vs mln vs traded oil purchases mln vs mln administration expenses mln vs mln net interest payable mln vs mln related company credit mln vs nil reuter
oppenheimer sells six pct cyclops cyl stake oppenheimer brokerage investment subsidiary oppenheimer group inc told securities exchange commission sold entire pct stake cyclops corp oppenheimer said sold share stake march dlrs share said initially bought stock connection risk arbitrage investment activities ordinary course business reuter
santos ltd stos year ending dec shr cents vs final div deferred vs cents full year pre tax mln vs mln net mln vs mln turnover mln vs mln income mln vs mln shrs vs note final div deferred tax advantage july expected less nine cents interim seven net tax mln vs mln depreciation mln vs mln interest mln vs mln minorities nil vs loss extraordinary loss mln vs loss mln reuter
magma lowers copper price ct cts magma copper co subsidiary newmont mining corp said lowering copper cathode price cent cents lb effective immediately reuter
chrysler c amc buyout valued billion chrysler corp proposed acquisition american motors corp valued billion dlrs including cost acquisition mln dlrs american motor debt chrysler assume analysts said said chrysler cost acquisition valued mln dlrs paid cash notes chrysler shares analysts told reuters new york briefing chrysler treasurer fred outlined company agreement renault assume amc debt well mln dlrs pension liabilities though latter included valuing transaction analysts generally positive chrysler proposed purchase much smaller rival said expected transaction would carry short term dilution chrysler earnings chrysler financial source speaking told reuters proposed purchase price smaller would deal struck last year impact new u tax law chrysler ability assume amc large reserve tax loss carryforwards accumulated losses since serious discussions last fall pull source said reference november former renault chairman bad tax benefits fell floor renault could gotten much better price done end last year addition amc debt pension liabilities source said chrysler would also assume liability lawsuits safety called overhang company analysts quoted chrysler officials told deal includes payment renault mln dlrs principal form year note eight pct interest mln dlrs cash renault equity amc finance subsidiary mln dlrs cash transaction fees connection acquisition mln dlrs worth chrysler stock paid amc shareholders big number mln dlrs debt assumption analyst jack kirnan kidder peabody co told reuters moody investors service inc said may downgrade billion dlrs chrysler corp unit debt due deal chrysler source said assuming amc liabilities company refinance lower rate amc debt carried non market rates said difficulties negotiating previous renault management acquisition committed group business plan amc integral part new management problem amc said reuter
u k money market deficit revised downwards bank england said revised estimate today shortfall around billion stg billion taking account mln stg morning assistance reuter
henley group heng sets fisher distribution henley group inc said declared special dividend distribution one fisher scientific group inc share every henley shares previously said would pay one fisher share every outstanding changed ratio reduction outstanding shares mln mln said distribution pct fisher common stock made april six holders record march fisher trade nasdaq symbol reuter
spain revises economic targets spain revised main economic targets studying performance economy first quarter economy ministry said monthly bulletin internal demand forecast rise four pct previous target pct governor bank spain central bank yesterday said internal demand currently growing annual rate six pct brought four pct government meet five pct inflation target year inflation pct forecast private consumption growth remains unchanged three pct although public consumption revised upwards pct pct growth domestic demand fuel imports expected increase pct originally estimated pct export growth revised downwards pct pct due peseta continuing strength dollar slack external demand slow growth exports tight state spending lowered estimated gdp growth three pct earlier forecast pct gdp grew three pct last year economy ministry holding inflation forecast five pct spite minister carlos doubts last week whether target could maintained wage settlements continue rise government recommended five pct ceiling unions employers dispute average wage increases agreed far year trade unions calculate wage settlements produced average rises pct pct estimated employers federation reuter
varity vat expects th qtr full year loss varity corp formerly ltd said expected report march loss fourth quarter full year ended january company spokesman said specific figures unavailable varity posted net profit mln u dlrs previous fiscal year ended january mln dlr net profit previous fourth quarter net loss nine months ended october totaled mln dlrs mln dlr third quarter loss tied strikes plant shutdowns british french operations varity also said would seek shareholder approval special shareholders meeting april authorize transfer values contributed surplus account balance sheet stated capital account common shares spokesman said move would help raise company values required pay dividends canadian law reuter
bank england operate money market bank england said operated money market morning session earlier bank revised forecast liquidity position system today surplus mln stg original estimate flat position reuter
metro funding shareholders approve merger metro funding corp said shareholders approved merger corp change incorporation nevada delaware metro funding also said subsidiary corp renamed usa company also reported shareholders approved authorization shares common stock set aside incentive stock option plan reuter
united biscuits l weeks january shr p vs p div p vs p making p vs p turnover billion stg vs billion pretax profit mln vs mln tax mln vs mln trading profit mln vs mln trading profit includes foods europe mln vs mln restaurants mln vs foods u mln vs mln mln vs mln costs mln vs mln interest mln vs mln note full name company united biscuits holdings plc minority interests mln vs extraordinary charges mln vs mln extraordinary charges credits include surplus bid imperial group plc mln vs nil costs philadelphia closure nil vs mln reuter
corp st qtr jan net shr primary cts vs cts shr diluted cts vs cts net vs revs mln vs mln avg shrs vs reuter
foods inc nd qtr feb net shr cts vs reported net vs sales mln vs mln six mths shr cts vs cts net vs sales mln vs mln note six months net includes loss discontinued operations equal two cts share net includes losses discontinued operations four cts quarter six cts six months reuter
shell canada said raised crude prices canadian cts barrel today
group inc th qtr loss shr loss six cts vs available net loss vs profit revs vs year shr loss cts vs loss nine cts net loss vs loss revs mln vs mln reuter
commerzbank acquire float linotype commerzbank ag cbkg f said acquire linotype gmbh europe largest manufacturer type setting printing communications technology allied signal inc ald n float shares company commerzbank declined say much paid linotype linotype group turnover rose pct mln marks bank said group net return capital seven pct reuter
africa gold mining industry record year gold mining industry another exceptional year tonnage milled revenues profits reaching high levels chamber mines said nearly mln tons ore milled three pct higher prior year revenues rose pct billion rand profits increased pct billion rand chamber reported profit rise achieved despite substantial cost increases pct rise capital expenditures billion rand said chamber said buoyant gold price allowed mines continue mining lower grade ores recent years said industry mines average grade grams per ton compared grams per ton gold output year declined five pct tons compared previous year tons reuter
japan housing starts rise february japan housing starts february rose pct year earlier th successive year year gain construction ministry said february housing starts pct january fell pct month earlier rose pct year earlier higher housing starts mainly due pct year year rise apartment building starts th consecutive gain spurred primarily lower domestic interest rates
property trust america year net shr cts vs cts oper net vs revs vs mln avg shrs vs note net excludes gains sale investments dlrs vs dlrs reuter
hoogovens takeover philips unit dutch steel concern hoogovens said reached agreement nv philips pglo takeover specialised philips precision unit neither party would reveal financial details deal initially announced october hoogovens said turnover grown recent years mln guilders expected expansion unit mainly car industry hoogovens said acquisition would strengthen position supplier industry high value metal products reuter
pct exploration kansas nicholas told securities exchange commission acquired shares exploration inc pct total outstanding common stock heads resources corp c inc kansas oil gas exploration companies said bought stock investment purposes said already spent dlrs stock said plans buy shares long considers undervalued reuter
freedom savings may seek sale merger freedom savings loan association said may seek possible sale merger association reported net loss mln dlrs dlrs share loss included number charges including additions loan loss provision mln dlrs write downs value real estate mln dlrs said continuing work investment bankers find sources new capital return non performing assets earning status reduce operating expenses liabilities among things reuter
corp sets three two stock split raises quarterly
hi industries inc rd qtr feb net oper shr cts vs cts oper net vs revs mln vs mln nine mths oper shr cts vs cts oper net vs revs mln vs mln note prior year net excludes tax credits dlrs quarter dlrs nine mths prior nine mths net includes gain sale real estate dlrs reuter
ventures inc merger agreement ventures inc said signed letter intent acquire colo winley inc mln common shares investment company said merger combined company mln shares outstanding year ended january winley earned dlrs pretax revenues mln dlrs reuter
utilicorp recommends three two split dividend increase additional class stock
penn traffic co th qtr jan net shr cts vs cts net vs revs mln vs mln year shr dlr vs dlr net vs revs mln vs mln note first three quarters restated reflect adoption th qtr new pension accounting procedure increased net income first three qtrs dlrs five cts per share procedure increased fourth qtr income dlrs two cts per share reuter
corp sets payout qtly dividend cts vs cts pay april record april reuter
stone container completes waiting period stone container corp said southwest forest industries inc completed waiting period requirements hart scott rodino anti trust improvements act stone said proceed previously proposed acquisition southwest reuter
china trying increase cotton output paper says china cotton output must rise level mln tonnes supply fall short increasing demand china daily said demand rose pct output fell mln tonnes record mln official figures show china daily attributed decline several factors including less favorable weather conditions new state measures restrict cotton production build stocks according customs figures cotton exports rose tonnes calendar increase output quickly state raise pct price pays cotton produced beyond quota levels newspaper said official purchasing agencies buy cotton produced excess originally contracted added china daily said cotton growing areas south china maintained growing north concentrated called comprehensive planning coordinate production cotton grain edible oil crops gave details reuter
willcox gibbs inc th qtr net oper shr cts vs cts oper net vs sales mln vs mln avg shrs vs year oper shr dlrs vs dlrs oper net vs sales mln vs mln avg shrs vs note operating net excludes gains dlrs cts share quarter dlrs dlrs share year tax carryforwards reuter
exxon unit studying resin project exxon chemical co petrochemical division exxon corp xon said agreed accelerate study set equally owned joint venture make resin japan details venture based exxon chemical technology set later companies said resins widely used applications medical agents wholly owned subsidiary owned pct exxon corp reuter
northview corp year net shr cts vs cts net vs revs mln vs mln reuter
great buy standard srd units assets great american management investment inc said pct owned subsidiary agreed buy certain assets two subsidiaries standard oil co mln dlrs assumption certain liabilities great american industrial group inc agreed acquire u united kingdom assets co stock certain brazilian mexican west german subsidiaries mining corp said subsidiaries standard oil reuter
club pa year ended october parent company net profit mln francs vs mln dividend francs vs including francs tax credit note company earlier reported consolidated net profit mln francs vs mln consolidated attributable profit mln vs mln reuter
center properties ups payout center properties inc said raised quarterly dividend cts cts share dividend payable april shareholders record april reuter
allegheny ag officers run company allegheny international inc said chairman chief operating officer remain positions following merger company affiliate first boston corp expected continue chairman president chief executive officer thomas j continue chief operating officer said allegheny spokesman allegheny today said agreed buyout first boston dlrs per share transaction valued mln dlrs stock rose active trading reuter
crime control assets sold hawley crime control inc said reached definitive agreement subsidiary hawley group ltd buy assets assume certain liabilities crime control mln dlrs amount said mln dlrs would available distribution company banks debenture holders shareholders balance would used pay various state taxes expenses relating transaction establish reserves provide certain obligations company crime control said would use proceeds pay bank lenders approximately mln dlrs representing pct principal amount indebtedness bank lenders also said would propose acquire mln dlrs worth outstanding pct convertible subordinated debentures aggregate approximately mln dlrs propose liquidation company shareholders receiving estimated cts share reported earlier crime control default approximately mln dlrs bank debt default governing convertible subordinated debentures january crime control services monitors electronic surveillance systems said retained rothschild inc arrange sale company reuter
bank england offers early help money market bank england said invited discount houses make early round bill offers help offset large liquidity shortage money market estimated shortage around billion stg one adverse factor sale repurchase agreement market buy back bills worth mln stg bank bills maturing official hands treasury bill take would drain mln stg exchequer transactions note circulation rise would take mln mln respectively target bankers balances would add mln reuter
american security buyout completed maryland national corp said completed acquisition american security corp exchange maryland share american mln shares outstanding company said mandatory day review u justice department completed today maryland national said american security shareholders entitled receive ct per share maryland national regular quarterly dividend payable march holders record today reuter
itt itt hartford unit posts th qtr gain hartford insurance group unit new york based itt corp said higher worldwide premiums help boost net income fourth quarter mln dlrs net income mln dlrs quarter full year hartford said earned mln dlrs mln dlrs hartford said results year aided gain mln dlrs sale remaining pct stake life group plc company posted gain mln dlrs sale pct life hartford said total property casualty life health written premiums rose pct eight billion dlrs billion dlrs reuter
golden poultry make acquisition golden poultry co inc said signed letter intent purchase privately held food distributor foods inc beach fla undisclosed terms subject approval boards said tampa operations involved sale reuter
rexcom acquire marketing firm rexcom systems corp said agreed buy assets inc group international ltd canadian computer service company pct rexcom voting shares purchase rexcom common preferred stock canadian firm u marketing arm sells computerized restaurant management systems security systems u deal subject approval boards rexcom reuter
aluminium capacity growth trend seen insufficient aluminium capacity expansion planned period insufficient supply acceleration demand growth let alone increase scale seems likely according analyst anthony bird associates aluminium review non socialist world primary capacity need around mln tonnes whereas current plans mln tonnes scheduled bird said bird forecast higher economic growth increased imports less developed countries aluminium consumption growth expected accelerate much general growth non socialist world consumption nevertheless forecast increase sharply mln tonnes mln tonnes bird said aluminium companies slow adjust pace change review said completed transition may danger remaining strategies served well recent years order encourage construction additional smelters aluminium prices need settle higher level production costs likely rise years ahead alumina capacity electricity suppliers take aggressive line aluminium companies according review march prices three likely cost price call long run aluminium price cents lb depending exchange rates bird said price development expected cause marked competitive problems metal likely rise commodity prices whole cost pressures pipeline steel copper short term however outlook bird said world economy responded well opportunities offered cheap oil consumption forecast mln tonnes pct production forecast six pct higher mln tonnes reuter
american express axp seen possible american express co remained market rumors would spinoff part shearson lehman brothers inc analysts said company may considering move unhappy market value stock american express stock got lift rumor market calculated partially public shearson may command good market value thereby boosting total value american express rumor also accompanied talk financial services firm would split stock boost dividend american express closed new york stock exchange heavy volume american express would comment rumors stock activity analysts said comments company analysts meeting tuesday helped fuel rumors announcement yesterday management changes meeting company officials said american express stock undervalued fully reflect performance shearson according analysts yesterday shearson said chief operating officer lane added position president also created four new positions chairmen operating divisions analysts speculated partial spinoff would make sense contrary one market rumors total spinoff analysts however disagreed spinoff shearson would good since strong profit center american express contributing pct earnings last year think highly unlikely american express going sell shearson said long analytical questioned would better investment profitable securities firm several analysts said american express need cash might reason sell part strong asset others believe company could well considered option spinning part shearson one rumor suggests selling pct market larry eckenfelder prudential bache securities said believes american express could considered partial spinoff past shearson profitable would big premium market place shearson book value mln dlr range shearson market place would probably worth three bilion dlrs terms market said eckenfelder analysts said american express could use capital since plans expand enormous internal growth plans takes capital want stock reflect realistic enhance ability make kinds road said e f hutton group analyst michael lewis outlined fact investing heavily future goes heavily international said lewis preclude acquisitions divestitures along way said lewis said american express reduced exposure brokerage business selling part shearson stock might better reflect assets travel related services business could find true water mark lesser exposure brokerage value components could command higher multiple constitute higher percentage total operating earnings company said lewis said shearson contributed mln tax operating earnings mln dlrs reuter
new york business loans drop mln dlrs commercial industrial loans books major new york banks excluding acceptances fell mln dlrs billion week ended march federal reserve bank new york said including acceptances loans fell mln dlrs billion commercial paper outstanding nationally increased billion dlrs billion national business loan data scheduled released friday reuter
technology corp th qtr loss shr loss cts vs loss cts net loss vs loss sales vs avg shrs vs year shr loss cts vs loss cts net loss vs loss sales vs avg shrs vs reuter
peru announces large new gold find president alan garcia said peru found gold deposits worth estimated billion dlrs jungle region near ecuadorean border km north told reporters yesterday deposits located four sites near town san contained equivalent tonnes gold garcia said government would soon install two mln dlr treatment plant extract enough ore provide estimated mln dlr profit end year added garcia said gold bearing deposits located zone santiago rivers reuter
hongkong bank canada st qtr jan net net mln vs given note results comparable last year due november acquisition bank british columbia subsidiary hongkong shanghai banking corp reuter
general refractories sell operations general refractories co said agreed sell european refractories building products operations mln dlrs austrian investor group european operations sales mln dlrs last year results released company said sale group headed girozentrale bank austria subject shareholder approval april said board approved deal said general refractories mineral operations affected reuter
bank zambia pays foreign currency arrears bank zambia paid foreign exchange arrears three auctions conducted last year bank spokesman said cleared three auctions left four worth eight mln dlrs spokesman said without amount paid bank paid foreign exchange private firms since suspended weekly auctions january said auctions suspended planned introduce modified system talks world bank international monetary fund president kenneth kaunda announced last month auction would retained foreign exchange approved private sector bidders would used determine kwacha exchange rate last week said auction run trouble shortage foreign exchange government fixed exchange rate nine kwacha per dollar effectively kwacha pct reuter
mueller acquires canadian company mueller nv said acquire controls inc canada declined comment amount payment cash produces measurement regulating equipment work force turnover five mln guilders spokesman said said takeover fits company drive expansion u canada acquisitions possible controls part sector reuter
bank china takes stake baii holdings bank china taken stake luxembourg based finance company baii holdings sa spokesman baii said stake three five pct details deal announced simultaneously paris london hong kong immediately available baii pct arab owned looking expand activities far east recently established wholly owned merchant banking subsidiary hong kong spokesman said group earnings mln dlrs reuter
chemlawn chem talks acquired chemlawn corp said started talks possible sale company various parties identify company said talks began rejected waste management inc wmx dlr per share tender offer chemlawn gave details talks reuter
lme lists brazilian aluminium brand london metal exchange lme listed aluminium brand produced de sao paulo plant brand constitute good delivery april lme said reuter
ico board passes coffee quota issue executive board members international coffee organization ico passed issue export quota negotiations regular meeting delegates said move made reopen dialogue export quotas discussion issue likely three day talks said producer consumer members ico council failed agree export quota shares early march neither brazil largest producer u largest consumer ready flexible delegates said situation unchanged consumer spokesman van told reporters long brazil position quotas point meeting last council meeting brazil wanted maintain previous quota share around pct market consumers splinter group eight producers favoured export shares using objective criteria would likely reduced brazil share brazilian delegate said quota negotiations resume mln bag shortfall brazil willing give early march producer proposal accepted would longer table said start agreement one million bags told reuters bags offered african coffee organization bags offered also longer valid delegates said board came discussing quotas briefing ico delegate rene recent latin american producers meeting managua delegates said producers expressed political negotiate basic quotas particularly face damaging drop coffee prices council failed agree quotas said ico board also reviewed export statistics stock verification expected talks stock verification take remainder today session delegates said reuter
gates learjet corp th qtr loss shr loss cts vs loss cts net loss vs loss sales mln vs mln year shr loss dlrs vs loss dlrs net loss vs loss sales mln vs mln reuter
u senate passes housing bill senate passed two year extension federal housing programs including billion dlrs lower income housing assistance two years vote total value bill estimated billion dlrs bill permanently extended authorization federal housing authority mortgage bill also extended urban development grant program national flood insurance act rural housing program well several housing programs bill goes house reuter
german government needs seen raising bond yields increased federal government borrowing needs growing unwillingness foreign investors buy mark assets could push yields german public authority bonds higher year bond market sources say moment movement short term rates rates move long end depend strongly foreigners one portfolio manager large securities investment house frankfurt said sources also said government already stepped borrowing programme anticipation increased needs friday loan stock third year already sources noted carried year maturity coupon six pct price yield pct issue compared last issue pct coupon priced pct yield pct dealers said terms enough attract foreign investors federal government would push yields higher future wanted borrow soon sources noted federal government issues also increased size introduction four billion mark volume starting last may one finance ministry economist said size bond increased added conditions capital market currently remained fairly favourable raising new debt recently federal issues sold strongly abroad pct placed foreign investors recent stabilisation u dollar however foreign investors begun back away market hopes currency gains marks diminish sources said government may already stepped borrowing raised billion marks government made net borrowings billion marks bundesbank statistics showed net borrowing bonds billion sources said indicated move government types debt gain access foreign funds acceptable loan stock form although new credit needs partly inflated large amount issues maturing recently factors including government tax reduction program would also reduce income next year problem tax reform portfolio manager said added government cut top income tax rate pct pct would make difficult government reduce borrowings sources said government would fall far short covering billion marks lost revenue tax reform making expenditure cuts would forced fall back debt markets one form portfolio manager noted besides three federal government loan stocks far year also fallen back twice raise total billion marks issue fixed rate medium term notes finance ministry economist said government expect trouble keeping plan borrow net billion marks year though many sources agreed added trend would probably continue next year tax cuts come effect would expect efforts tax reform would mean government borrowing increase manager said bond prices last week slightly firmer balance bundesbank public authority bond yield calculation falling pct friday week earlier sources said foreign demand new federal government loan stock slack sentiment grows dollar may rise mark demand good dealer german bank london said dollar recent slight appreciation mark even meant foreign investors sold mark bonds recently dealers said reuter
coffee fall seen affecting colombia debt sharp fall international coffee prices affect colombia external credit situation finance minister cesar gaviria told reuters said current depression world coffee markets totally unexpected would immediate bearing colombia financial state described sound foreign debt high pay hope foreign banking community maintain position toward us said colombia major latin american country rescheduled external public debt total foreign debt billion dlrs calls rescheduling debt come week opposition conservative party biggest trade union following coffee price drop gaviria said lower coffee prices year could mean loss billion dlrs revenues gaviria submitted world bank inter american bank last week new york borrowing plan total billion dlrs disbursed next four years said approved reuter
mobil mob upgrade refinery unit mobil corp said spend mln dlrs upgrade gasoline producing unit texas refinery said unit catalytic converts low octane components gasoline high octane components use super unleaded gasoline company said modernization allow unit continuous basis without shutdown currently must shut twice year unit produces barrels gasoline components year construction start late year completion set mid reuter
corrected network video inc rd qtr feb end shr five cts vs one ct net vs revs vs avg shrs vs nine mths shr cts vs four cts net vs revs vs avg shrs vs note corrects reversed figures march item reuter
rostenkowski reluctant back tax hike house ways means committee chairman dan rostenkowski said would reluctant back tax increase president reagan support told national press club would number tax proposals could reagan sought tax increase help balance budget however said would prefer leave tax rates enacted last year tax reform bill unchanged calls congress hold rates level rather allow fall next year reagan proposed billion dlrs revenue part budget proposal include general tax increases trade issues rostenkowski said expect major trade bill year would single u industry special protection go individual items trade bill said apparently ruled congressional approval another textile trade bill limit quotas textile imports proposed year reuter
volcker reaffirms g negotiating process washington march federal reserve board chairman paul volcker urged congress allow government continue flexible negotiations exchange rates procedures recent paris meeting industrialized countries letter house banking committee chairman st volcker said opposed legislation international negotiations exchange rates require treasury secretary james baker disclose plans currency intervention volcker letter written march advance committee march approval proposed legislation fundamental policy objectives united states best implemented flexible framework recent meeting paris finance ministers central bank governors volcker said recommended congress lock administration formal procedures international exchange rate negotiations achieve specific exchange rate goals sustainable pattern u international transactions stability exchange rates ones remain sympathetic said banking committee bill administration start negotiations reach competitive exchange rate u dollar runs risk build potentially market expectations volcker said requirement baker disclose intervention policy could reduce intervention tool deal exchange rate volatility volcker added baker also opposed legislation major trade bill consideration house late april senate consider version trade bill may reuter
says higher net reflects gold sale rise gold mines ltd attributed rise net profit higher prices increase gold sales ounces ounces placer development ltd operates australia largest gold mine north queensland earlier reported net profit rose mln dlrs mln period months start production sales silver also rose ounces said statement spend mln dlrs upgrade mill circuit mill ball mill crushing circuit boost output pct end reuter
copper study group considered geneva meeting major copper producing consuming countries considering u proposal set study group review world copper market delegates said u initiative introduced last december meeting held auspices united nations conference trade development unctad u world largest copper consumer second biggest producer chile proposed setting body improve statistics market copper economy provide forum discussion new body would aim negotiating measures stabilise depressed world prices week meeting began yesterday due end friday reuter
uk intervention says ec sets white sugar tender rebate ecus
canada gdp pct january canada gross domestic product rose pct seasonally adjusted january gaining pct december falling pct pct november october statistics canada said january rise prices largely pct gain goods producing sector output services producing industries declined pct december level january level pct higher month year ago federal agency said second straight gain goods producing industries growth occurred manufacturing construction within manufacturing strong gains posted wood machinery non mineral food product groups significant declines recorded output parts however services sector increases finance insurance communication offset declines transportation storage retail trade reuter
prudential corp pretax profit mln stg vs mln
people systems ride st qtr net shr primary profit two cts vs loss nine cts shr diluted profit one cent vs loss six cts net profit vs loss revs vs avg shrs vs note full name company people systems inc reuter
baldrige says changes needed exchange rates currencies pegged dollar
lsb lsb pact acquire northwest federal lsb industries inc said entered agreement acquire northwest federal savings loan association oklahoma upon completion acquisition lsb would pay mln dlrs shareholders northwest transfer northwest federal certain assets net current value less mln dlrs completion transaction northwest federal would subsidiary lsb non consolidated wholly owned financial subsidiary acquisition subject obtaining approvals waivers federal home loan bank board government approvals reuter
broken hill pty co ltd brkn nine months first nine months ended feb shr cents vs net mln dlrs vs mln sales billion vs billion income mln vs mln shrs billion vs billion final div cents vs making vs one five bonus issue third qtr net mln dlrs vs mln third qtr sales billion vs billion note div pay may div bonus reg may nine months net tax mln dlrs vs mln depreciation mln vs mln interest mln vs mln minorities mln vs mln net extraordinary profit mln vs profit mln nine month net earnings minorities petroleum mln dlrs vs mln minerals mln vs mln steel mln vs mln corporate items investments profit mln vs loss mln reuter
kaufman broad home corp st qtr feb shr cts vs seven cts net vs revs mln vs mln avg shrs mln vs mln reuter
sierra pacific resources inc dividend qtly div cts vs cts prior payable may one record april reuter
media general ups dividend sets split media general inc said raised annual dividend class class b common stock cts share cts company said also declared two one stock split stock issues subject shareholder approval increase number authorized class shares media general said increased dividend payable june shareholders record may proposed stock split paid may shares class shares company said company said also approved amendment incorporation allowing class b shares class shares option holder media general said moves broaden investor interest class stock reuter
u urges banks weigh philippine debt plan u urging reluctant commercial banks seriously consider accepting philippine proposal paying interest bill believes fully consistent third world debt strategy reagan administration official said official comments also suggest debtors pleas interest rate concessions treated much seriously commercial banks cases developing nations carrying genuine economic reforms addition banks might want reconsider idea third world debt would pooled suggested administration would support plan even though formally proposing time however official expressed reservations scheme would ever get ground philippine proposal together argentine suggestions bonds issued end role small banks debt strategy would help role private banks within plan official said interview reuters things would fit within definition initiative asked think unique approach considered said official asked named october washington outlined debt crisis strategy commercial banks multilateral institutions world bank international monetary fund imf urged step lending major debtors nations return america called debtor countries economic reforms promoting inflation free economic growth performing well debtors performing well said official admitted largest third world debtor brazil clearly exception official played key role developing u debt strategy administration economic also said new ideas would help commercial banks improve role resolving third world debt crisis called beginning bank find procedures processes could operate effectively official said among ideas official said suggestions commercial banks create could swap third world debt paper called bonds banks like regional american european institutions bonds would banks need lend money former debtors every time new money package suggested argentina current negotiations new loan billion dlrs emphasised administration plan something people suggested u officials said japanese commercial banks examining creation consortium bank assume third world debt plan actively consideration would slightly one official described official expressed deep plan would work united states banks thought suitable way go fine think ever pointed banks would swap third world loans capital might reluctant provide new money debtors new institution meanwhile official praised philippine plan would make interest payments debt cash pct libor philippine proposal interesting quite unique think something rejected hand official said banks found level low would offered alternative libor payments cash margin one pct form philippine investment notes dollar denominated notes would six year life banks cash maturity country would guarantee payment point libor bankers criticised spreads far low talks second week aimed stretching repayments billion dlrs debt granting easier terms billion already rescheduled debt country enjoyed strong political support washington since corazon aquino came power early last year owes overall billion dlrs debt official denied plan amounts interest rate capitalisation development unacceptable banks interest rate capitalisation write spread libor existed official said comments suggesting ought granted rate concessions seek people argue cutting spread debt really narrowing spread new money added said u debt strategy sufficiently broad initiative include plans like philippines reuter
dot twa twa usair u application u department transportation dot said dismissed technical grounds application trans world airlines inc dot approval take control usair group dot added however twa free refile could put together application control met agency procedural requirements dot acted shortly u department justice disclosed supported dismissal twa application immediately clear impact would twa bid take usair control application twa acknowledged additional documentation required meet dot rules said would file material morning march dot said would wait determined dismiss twa application approval acquisition usair said order issued late friday twa application clearly fails comply filing requirements regulations twa provided reason accept filing added accordingly dismiss application twa course may refile able comply procedural rules dot said agency added would continue consider separate twa request federal clearance purchase usair stock voting trust usair said earlier today asked dot dismiss twa control application grounds twa filing meet dot requirements reuter
norsk hydro saga seek drilling rights gabon norwegian oil companies norsk hydro ol saga petroleum ol said applied offshore exploration drilling licenses gabon africa west coast saga petroleum said applied pct share one block adding finnish oil company pct spain pct world bank international finance corporation pct joined saga fill remaining shares application saga spokesman roy told reuters expected officials would reply application easter said first time saga applied operate opec member gabon continental shelf adding italian oil company agip heading group separate bid license norsk hydro also applied undisclosed share single exploration license u oil company tenneco already assigned company spokesman said reuter
u housing completions fell pct jan completions new homes fell pct january seasonally adjusted rate mln units mln december commerce department said january fall came strong pct rise november rate mln units brought completions pct january level mln units january completions single family units rose pct seasonally adjusted mln units mln units december multi family units fell pct units january department said reuter
instinet sets meeting merger instinet corp said board scheduled special shareholders meeting may vote proposed merger reuters holdings plc said shareholders record april eligible vote meeting instinet said meeting date subject adjustment based length time needed u securities exchange commission complete review filing merger proxy materials instinet expects make end march instinet said filing preliminary merger proxy materials tied audited financial statements instinet reuters merger agreement entered november reuters tendered mln instinet common shares pct already owned reuters result tender reuters owns pct instinet shares merger holders remaining instinet shares receive dlrs reuters american depositary shares instinet share valued average closing prices trading days effective date merger instinet said expects merger become effective soon possible shareholder approval special meeting reuter
healthmate inc th qtr loss shr loss five cts vs loss six cts net loss vs loss revs mln vs mln avg shrs vs year shr loss cts vs loss cts net vs loss revs vs avg shrs vs reuter
bat industries plc l year shr p vs p div p vs p making p vs p turnover billion stg vs billion operating profit billion vs billion pretax profit billion vs billion tax mln vs mln note company said shareholders would given option receiving dividend cash ordinary shares combination two operating profit includes commercial activities billion vs mln financial services mln vs mln share associated companies mln vs mln investment income mln vs mln interest paid mln vs mln minorities mln vs mln extraordinary credit mln vs mln debit transfer revaluation reserve mln vs mln profit attributable mln vs mln required inflation mln vs mln trading profit billion vs billion trading profit includes tobacco mln vs mln retailing mln vs mln paper mln vs mln financial services mln vs mln reuter
china import grain china grain imports rise serious drought increasing demand large past chinese officials japanese traders told reuters said foreign exchange constraints national policy would allow return large scale imports peaked mln tonnes agricultural official shanghai government put maximum imports mln tonnes year mln mln officials said grain imports rose poor harvest rising domestic demand remained exports rose mln tonnes mln china short foreign exchange shanghai official said cannot rely imports even current low world prices major disaster become major importer japanese trader peking said chinese grain imports would rise exports fall year drought low world prices rising domestic demand human animal consumption current prices china yuan every tonne grain exports though earns foreign exchange badly needs trader said people daily said last saturday serious drought affecting mln hectares arable land reduce summer grain harvest last year level paper added leaders areas paying enough attention agriculture especially grain making difficult achieve grain output target mln tonnes mln areas must spare effort raise autumn harvest area especially corn sweet potatoes rice high yield cash crops said added factory production might reduced provide electricity agriculture needed fight drought since january press much attention grain growth output vital china economic political stability prices paid farmers low officials east china repeatedly said stable grain production key state policy outlined measures taken areas encourage output shanghai official said one pct pre tax profits factories used subsidise agriculture said rural industries also set aside money grain pay salaries workers available help farmers official county outside shanghai said factory workers get yuan month three years leave grow grain keep profits pan official agricultural department province said rural industry also grain output province addition setting grain production bases raising level science technology farms improving supply raw materials roads infrastructure said shanghai official said rural residents work industry commerce usually keep land farm spare time let family members farm cases lease land grain farmers china daily said last month grain output reach mln tonnes mln said growing grain made profitable advantages state grain growers actually yield tangible profits intermediate agencies boost said reuter
usair group inc u sets quarterly qtly div three cts vs three cts prior pay april record april reuter
madagascar extends amoco oil exploration agreement madagascar extended oil exploration agreement u firm amoco corp months allow studies basin southwest coast government statement said said existing five year agreement due expire july extended end allow additional geological studies amoco far laid km seismic lines five exploration wells basin may drill three wells end extended exploration period statement said madagascar signed oil exploration agreements four foreign oil companies since despite promising indications large reserves commercial production plans yet announced foreign firms amoco occidental petroleum corp oxy mobil corp mob unit ente nazionale idrocarburi working partnership national military office strategic industries director general said sign extension amoco agreement department would oil exploration existing partners would soon offer new round exploration licences reuter
federal reserve weekly report feb one week ended feb daily avgs mlns bought outright repurchases nil unch agencies bought outright unch agencies repurchases nil unch acceptances repurchases nil unch matched sales vs including sales vs fed assets fed liabilities deposits fed reuter
itel itel buys castle cooke unit assets itel corp said completed previously announced acquisition container fleet related assets castle cooke inc flexi van leasing inc subsidiary mln dlrs cash marketable securities mln dlrs notes three mln common shares assumption liabilities company said obtained mln dlrs financing bank group deal common shares subject year restriction sale voting reuter
american international group qtly div qtly div cts vs cts prior pay june record june reuter
santa fe sfx aware henley heng stake santa fe southern pacific corp said discussed henley group company almost five pct stake told holdings investment purposes confirmed henley group approximately mln shares santa fe southern pacific common stock informed like company purchased stock last year investment purposes santa fe chairman john schmidt said statement henley late friday filed k report securities exchange commission concerning santa fe stake earlier santa fe stock reuter
u k money market given mln stg early help bank england said provided money market early assistance mln stg response early round bill offers discount houses compares bank estimate system would face shortage around billion stg today central bank made outright purchases bank bills comprising mln stg band one pct mln stg band two pct mln stg band three pct reuter
piedmont aviation meeting without taking action merger proposals
u tells japan cut trade surplus u undersecretary state economic affairs allen wallis said urged japan much reduce large trade surplus united states central message japan week made progress areas much needs done told press conference three days talks need resolution trade issues need visible efforts restructure economy encourage imports need greater domestic led growth forecasting sluggish economic growth japan year wallis urged tokyo stimulate domestic demand help reduce trade surplus hit record billion dlrs named several areas particular concern washington computer microchips supercomputers kansai airport agricultural products car warned u japan agreement governing trade semiconductors despite pact japanese producers still dumping microchips foreign markets united states u penetration japanese market increased said reuter
l platinum degussa joint venture talks international platinum corp said signed letter intent enter negotiations joint venture exploration agreement degussa g west germany regarding several north american platinum properties conclusion agreement subject completion detailed examination degussa well board regulatory approvals terms letter intent degussa would contribute substantially three year exploration budget mln dlrs return pct interest venture degussa contribution exploration budget based international platinum past exploration acquisition costs estimated two mln dlrs contributing pro rata basis international platinum said degussa contribution would provide major portion international platinum exploration budget especially first second year proposed joint venture company said reuter
calny rejects pepsico acquisition offer calny inc said board rejected inadequate unsolicited offer pepsico inc pep subsidiary taco bell corp calny outstanding common stock dlrs cash per share taco bell recently acquired pct calny outstanding stock calny said calny said retained oppenheimer co inc consider various financial strategic alternatives available company reuter
island telephone share split approved island telephone co ltd said previously announced two one common share split approved shareholders annual meeting reuter
ivory coast minister delayed cocoa talks ivorian agriculture minister denis bra kanon chairman international cocoa organization icco council able open council session tomorrow ivorian icco delegate told reuters arrive sometime later meetings delegate said council session instead icco vice chairman sir denis henry delegate icco officials said ivorian officials last week said bra kanon due return home funeral sister ivorian president felix march reuter
canterra energy drill well nova scotia canterra energy ltd said drill exploratory well shelf kilometers east southeast nova scotia drilling begin late april meters water drilled total depth meters canterra said canterra operate well pct interest petro canada inc pct exploration corp pct nova scotia resources ventures ltd pct reuter
italian wholesale prices pct january wholesale price index rose pct month month january increasing pct december national statistics institute istat said index base equals registered january compared december january figure represents fall january pct year year decrease december pct reuter
talking point borg warner corp bor borg warner corp vigorously resist gaf corp dlr per share takeover offer midwest conglomerate may fall another offer either gaf management analysts believe analysts also said borg warner may attempt gaf restructuring speculation pushed borg warner stock heavy trading analysts predicted gaf chairman samuel heyman stage tough campaign gain control borg warner add profitable plastics chemical business gaf seems least dealing raider irwin jacobs want taken question gaf think want remain independent said dudley phelps borg warner takeover speculation almost year last week jacobs investment vehicle minstar inc investor group sold mln borg warner shares day gaf corp raised stake mln shares pct outstanding jacobs interested buying company took steps toward transaction borg warner policy last nine months one corporate seen said one analyst battle however heated range breakup values wall street current market price almost dlrs per share analysts said think price low would appropriate arbitragers speculate gaf give easily billion dlr offer buy balance borg warner analysts know gaf predict heyman either end borg warner chemicals building materials company way heyman two years ago attempted unsuccessful takeover union carbide corp gaf benefited company restructuring borg warner legitimate offer seems short borg warner kind rock hard place either accept dlr proposal perhaps work deal sweetened personally think company worth around dlrs per share said analyst richard henderson henderson also speculated company might attempt restructuring one carried goodyear tire rubber co last year sir james goldsmith company bought back financier stock carried wider share repurchase arbitragers however said believe heyman seeking greenmail repurchase stock company premium analysts noted heyman seems problems financing transaction previously associated bond experts drexel burnham lambert inc gaf said would finance borg warner takeover bank financing gaf said would make tender offer following merger agreement approved borg warner board conditioned board recommendation tender offer merger heyman said letter borg warner expects merger would provide job security borg warner employees since two companies businesses analysts however believe heyman would sell assets want repay debt transaction gaf stock rose today believe obviously gaf takes borg warner level proposing would enhance gaf share values substantially said oppenheimer analyst charles rose said dlrs per share heyman average cost company stock would dlrs per share based gaf current holdings rose said borg warner plastics chemical business makes thermo plastics asset attracting heyman analysts said accounts third borg earnings plastics used telephone equipment office equipment appliances borg half market u leading technical player leading rose said competitors dow chemical co dow monsanto corp mtc said borg warner also automotive parts business protective systems business includes wells fargo security also information services business trying sell financial services business borg warner earned mln dlrs dlrs per share revenues billion dlrs smaller gaf earned operating basis mln dlrs dlrs per share sales mln dlrs gaf net earnings included tax gain mln participation union carbide exchange offer special union carbide dividend sale union carbide shares reuter
first financial ffmc bids comdata cdn first financial management corp said offered acquire comdata network inc dlrs per share cash stock total mln dlrs company said comdata share would exchange half first data share enough cash bring total value dlrs per share provided market price first financial stock less dlrs per share said cash payment would based average market price first financial period shortly closing first financial said would pursue offer comdata board rejected comdata already agreed acquired partnership either dlrs share cash least dlrs cash securities partnership made first offer comdata welsh carson anderson comdata previously entered agreement collapsed repurchase six mln shares dlrs sale one mln shares director mason best co mason best already owns comdata shares group led rosewood financial inc also disclosed ownership pct comdata mln shares outstanding said might seek increase interest pct company said comdata shareholder approval would also required proposal reuter
scott hospitality inc rd qtr jan net oper shr eight cts vs eight cts oper net vs revs mln vs mln nine mths oper shr cts vs cts oper net mln vs mln revs mln vs mln net excludes extraordinary gain dlrs cts shr net reflects three one stock split nd qtr issue mln subordinate voting shares st qtr reuter
container systems ltd year oper net oper shr dlrs vs cts oper net vs revs mln vs mln avg shrs vs note excludes gain dlrs vs dlrs benefit tax loss carryforward results tel israel based company translated rate one dlr new israeli reuter
financial corp fin holding buyout talks financial corp america said holding discussions anyone regarding buyout company spokeswoman pointed financial corp said publicly nearly two years company view merger would one method increasing company capital opportunity us strengthen capital position quickly would open spokeswoman said financial corp would need one billion dlrs bring regulatory net worth federal savings loan insurance corp requirements spokeswoman said addition said federal home loan bank board letter dated january stated march continue support company efforts restructure balance sheet maintain profitable operations net worth reuter
southwestern bell votes three one stock split pct dividend increase
dwg corp dwg rd qtr jan net oper shr profit cts vs profit cts oper net profit vs profit revs mln vs mln avg shrs mln vs mln nine mths oper shr profit cts vs loss cts oper net profit vs loss revs mln vs mln avg shrs mln vs mln note net excludes discontinued operations loss dlrs vs profit dlrs quarter loss dlrs vs profit dlrs nine mths net excludes gains insurance recovery dlrs vs dlrs quarter dlrs vs dlrs nine mths prior year net excludes dlr loss change accounting textiles inventories prior year results apparel segment change accounting textile inventories share adjusted stock dividends net includes pretax loss provision related marketable securities dlrs vs dlrs quarter recovery dlrs vs provision dlrs nine mths prior nine mths net includes pretax gain sale marketable securities dlrs net includes tax credits dlrs vs dlrs quarter credit dlrs vs provision mln dlrs nine mths reuter
dutch port employers resume lay plans employers rotterdam troubled general cargo sector decided restart redundancy procedures within week employers organisation labour relations manager gerard zeebregts told reuters port transport union spokesman said employers decision would lead immediate resumption eight weeks strikes sector strike action called friday interim court injunction employers plans redundancies year court amsterdam ruled last week employers made error complicated procedure obtaining permission redundancies therefore could proceed final ruling may zeebregts said new procedure might well take two months employers prepared simply sit wait may court ruling chance would start case cannot afford continue plans strikes already cost lot money damaged business delays would even damage zeebregts said campaign strikes port general cargo sector began january protest employers plans redundancies sector strong workforce starting year reuter
intermagnetics general completes buy intermagnetics general corp said completed purchase advanced products department air products chemicals inc terms disclosed department makes equipment continue operating present location pa company said market products inc reuter
dupont dd unit raises crude oil prices conoco inc subsidiary dupont corp said increasing contract prices crude oil cts one dlr barrel effective today conoco said increase brings price u benchmark crude west texas intermediate dlrs barrel one dlr south louisiana sweet also one dlr dlrs west texas sour cts dlrs barrel conoco last company raise prices following series increases initiated last week sun co sun reversed posted price cuts made end february reuter
american resource corp ltd year net shr five cts vs cts net vs revs given note prior shr net include mln u dlr gain sale equity holdings results u funds reuter
fleet acquire assets mark iv iv unit fleet aerospace corp said agreed principle acquire assets operations engineered division industries inc unit mark iv industries inc terms undisclosed los angeles based engineered designs produces custom power conversion systems mainly use defense aerospace industries revenues year ended february totaled mln canadian dlrs reuter
house fabrics inc th qtr jan net shr cts vs cts net vs sales mln vs mln year shr cts vs cts net vs sales mln vs mln note prior year net periods includes dlr charge sale craft stores reuter
u k money market given mln stg help bank england said provided money market assistance mln stg afternoon session takes bank total help far today mln stg compares estimate mln stg shortage central bank bought outright mln stg bank bills band two pct reuter
wtd industries sawmill offer rejected wtd industries inc said offer buy bankrupt harris pine sawmill oregon rejected bankruptcy court trustee company said bid favor higher offer reuter
corp regular dividend qtly div cts vs cts prior qtr payable record april reuter
northern telecom proposes two one stock split
stores corp regular payout qtrly div cts vs cts prior pay april record april reuter
inc th qtr net shr cts vs cts net vs revs mln vs mln year shr cts vs cts net vs revs mln vs mln note current year figures include mln dlr writedown costs investments associated ethanol refinery project reuter
bp bp offer raises expectations oil values british petroleum plc plan pay billion dlrs less half standard oil co signalled higher values u oil analysts said think bp bid strong clear signal confidence u think barrel oil ground going go higher said sanford margoshes shearson lehman brothers inc bp earlier today said u unit planned tender dlrs per share pct standard already billion dlr price shows opec war oil prices going said ball analyst bruce behind huge rest energy issues stock market particularly acquisition targets said one mentioned usx corp energy steel concern investor carl icahn drew attention australian robert holmes court last year rumors continue around stock margoshes said foresee major u oil firms falling takeover several years exception possibly corp said found partners last round ended two years ago others restructured point become u oil stocks rallied response offer exxon corp xon rose chevron corp chv jumped texaco tx climbed unocal corp ucl rose occidental petroleum corp oxy climbed amoco corp rose standard oil stock heavy trading earlier session high wall street speculated british petroleum may boost offer several dlrs per share company maintained would raise dlr bid british petroleum stock rose analysts said fact british petroleum made bid first place indicates british oil giant changed outlook oil industry analysts said last year british petroleum held one bearish positions oil prices said real price oil would stay dlrs barrel several years think point view margoshes said today looking believe looking dlrs long term also heart believe exceeded margoshes said u benchmark crude west texas intermediate trading today around dlrs per barrel analysts said british petroleum might able buy rest standard oil dlrs per share oil prices falling last year said standard oil asset slightly pct ownership alaskan prudhoe bay oil field analysts also said company interests alaskan north slope analysts said standard investment extremely attractive bp u largest oil market hard replace reserves think fits long range plans increase position u market dean witter analyst eugene nowak said analysts said also raises bp ahead british government announced disposal pct bp stock u k government said would dispose holding sometime year beginning april one acquiring standard bp reserves would u six pct stock held u way sell stock move united states market handle stock said l f rothschild analyst rosario standard oil net losses mln dlrs revenues billion dlrs compared profit year earlier mln dlrs revenues billion dlrs reuter
exxon xon cuts heating oil barge price oil traders new york said exxon corp exxon u unit reduced price charges contract barge customers heating oil new york harbor cent gallon effective today said reduction brings exxon contract barge price cts price decrease follows sharp declines heating oil prices spot futures markets traders said reuter
u steel production rose pct week steel production rose pct short tons week ended march short tons american iron steel institute reported production far year tons adjusted pct tons produced nations mills year ago utilization week march pct week march pct reuter
medical enterprises inc rd qtr oper shr cts vs cts
cooper basin natural gas reserves upgraded remaining recoverable gas reserves areas held santos ltd stos led cooper basin joint ventures upgraded billion cubic feet bcf estimated last may santos said followed review consultant associates light large number gas finds since may santos said statement means total contractual commitments bcf australian gas light co new south wales pipeline authority south australia met spare gas available sale south australia said reuter
uk feb retail sales rise provisional pct jan fall pct official
ny traders say turkey made large sugar purchase turkey bought estimated tonnes white sugar three trade houses today april june shipment according trade sources said large u k trade house sold tonnes u house traded tonnes swiss based dealer house tonnes price details unclear reports morning suggested turkey offered sugar prices ranging dlrs tonne c f basis reuter
usair u cleared buy piedmont pie shares usair group inc said u department transportation issued order allowing purchase hold voting trust piedmont aviation inc shares usair seeking current dlr per share tender offer company said new order order issued department last friday would required usair sell within one week expiration tender piedmont shares held excess pct piedmont stock outstanding company said piedmont shares together piedmont shares already owned usair constitute pct piedmont shares fully diluted pct shares currently outstanding shares held voting trust pending department review usair application obtain control piedmont reuter
buckhorn inc th qtr loss oper shr loss dlrs vs profit cts oper net loss vs profit revs mln vs mln avg shrs vs mths oper shr loss dlrs vs profit cts oper net loss vs profit vs revs mln vs mln avg shrs vs note prior qtr excludes loss seven cts per share discontinued operations qtr excludes loss excludes loss cts per share gain cts per share discontinued operations excludes loss net extraordinary item reuter
quake damage mine spokesman earthquake hit northern chile today open ended richter scale caused damage copper mine mine spokesman said public relations director told reuters telephone mine quake caused problems operations continued usual spokesman state chilean copper commission santiago confirmed damage reuter
u k money market shortage forecast revised bank england said revised estimate shortage money market billion stg billion taking account early operations bank provided mln stg assistance far today reuter
industries ltd year loss shr loss dlrs vs loss dlrs net loss mln vs loss mln revs mln vs mln note loss includes extraordinary loss mln dlrs dlrs shr related writedown certain petrochemical assets reduced tax gain mln dlrs cts shr results restated reuter
icn inc st qtr feb net shr cts vs eight cts net vs sales vs avg shrs vs reuter
institution savings qtly div qtly div cts vs cts prior pay may record april reuter
gus makes mln stg agreed offer pantherella great universal stores plc gus l said made agreed offer pantherella plc valuing company mln stg pantherella ordinary share pence offer based eight new non voting ordinary shares gus plus stg every ordinary pantherella new gus shares receive eight pence per share interim dividend respect year ending march statement said gus received accept offer respect pct pantherella shares company directors families pantherella board estimates company manufactures show pretax profit stg reuter
p pretax profit mln stg vs mln
corp rd qtr jan net shr cts vs cts net vs sales mln vs mln nine mths shr dlrs vs dlrs net mln vs mln sales mln vs mln reuter
tribune fox cos inc th qtr loss shr loss cts vs nil net loss vs profit year shr loss cts vs profit five cts net loss vs profit note earnings restated discontinued operations per share results reflect payment preferred dividends company release revenues reuter
hughes ht changes stance merger suit one billion dlr lawsuit pushed hughes tool co face rejection proposed merger baker international corp bko wall street analysts said last night hughes said planned merger baker baker filed suit seeking punitive damages hughes calling merger midday today hughes said still interested merger analysts also said hughes may worried could make takeover candidate speculation today harold simmons dallas investor might try acquire hughes simmons told reuters interested simmons said intends file securities exchange monday reporting stake five pct publicly traded company declined identify target rule hughes one analyst said another factor latest hughes borg warner corp bor owns pct hughes borg warner ex chairman j f serves hughes board believed favor merger baker despite hughes statement interested merger baker response merger still analysts said one could certain situation going think merger going said pace analyst kidder peabody co said merger lost lot appeal u department justice required baker sell reed tool co operation although reed operation relatively small view total size combined baker hughes pace said pct cost savings tied hughes obviously concerned lawsuit said james analyst salomon brothers inc apparently willing continue discussions whether alter position know getting little said james carroll analyst painewebber group inc said arguments cited hughes yesterday merger tend weak hughes said yesterday condition merger wanted reed tool businesses sold prior april projected merger date government decree allowed longer period time hughes better formally combine companies status reed already settled baker apparently sees reason speed sale carroll said baker previously estimated mln dlrs savings companies combined without selling reed said baker thinks mln dlrs saved hughes sees saving mln dlrs carroll also noted since merger accord first signed outlook industry improved materially hughes may simply feel pressure oil service industry lifting reuter
american medical international inc nd qtr shr profit cts vs loss cts
black corp raises quarterly qtly div cts vs cts prior pay april one record march reuter
bangladesh trade deficit narrows october bangladesh trade deficit narrowed billion taka october billion september billion october central bank said imports dropped billion taka october billion september billion october exports totalled billion taka october billion september billion october reuter
international sugar pact international sugar agreement international sugar organization iso officer charge told reuters special session pact council decision renegotiate taken iso six monthly session may alternatives autumn london conference another pact without economic clauses different voting budgetary structure geneva based conference next year new pact economic clauses said delegates said latter would considered world four major exporters australia brazil cuba european community resolve differences prices best supported share world today special session called u earlier indicated would able pay pct share iso budget today council session said u would try find way pay balance stg later year currently three quarters year iso stg budget paid delegates said u caused controversy said might pay full contribution last year current pact soviet union called changes way iso budget shared currently halved importers exporters soviet union pct share importer half soviets want new sugar pact single category members would share costs pro rata share world sugar trade iso executive committee next meets april next full council session week may importing exporting members iso reuter
turkish ship headed florida explosion turkish ore bulk oil vessel tonnes dwt explosion yesterday lloyds shipping intelligence service reported vessel retained power yesterday evening position n long w jacksonville florida cargo tons coal vessel bound turkey lake charles reuter
tesco associate buys pct hillards tesco plc tsco l said county ltd yesterday bought behalf mln shares around pct hillards plc p p share tesco yesterday launched mln stg bid north england supermarket chain hillards promptly rejected hillards shares last quoted p compared last night close p reuter
vertex buy computer stake vertex industries inc computer systems inc jointly announced agreement vertex acquire pct interest computer completes proposed reorganization computer reorganization proceedings chapter since september companies said agreement would allow computer unsecured creditors debenture holders receive new stock exchange debt shareholders receive one new share computer stock four shares previously held companies said united states bankruptcy court southern district new york given preliminary approval proposal subject formal approval computer creditors court agreement vertex also said would supply computer dlrs operating funds arrange renegotiation secured bank debt among things reuter
butler completes sale livestock unit butler manufacturing co said completed sale livestock systems division part control division separate transactions two unrelated parties butler livestock systems division sold investor group including president operations certain control division assets sold minneapolis based data corp terms transactions disclosed reuter
american medical international inc ami net nd qtr shr profit cts vs loss cts net profit mln vs loss mln revs mln vs mln st half shr profit cts vs loss cts net profit mln vs loss mln revs billion vs billion avg shrs mln vs mln note period ended february prior year net periods includes pretax asset writedowns mln dlrs additions reserves mln dlrs prior year net includes tax credits mln dlrs quarter mln dlrs half reuter
inc th qtr shr cts vs cts net mln vs revs mln vs mln year shr dlrs vs dlrs net mln vs mln revs mln vs mln reuter
csr bids dlrs share pioneer sugar mills csr ltd csra said offer dlrs cash shares already hold pioneer sugar mills ltd csr already holds pct pioneer mln issued shares said statement offer price values entire pioneer sugar share capital mln dlrs compares today closing market level dlrs share csr said announce details offer soon including alternative offer csr shares pioneer sugar stock said offer since give pioneer sugar shareholders price equivalent times pioneer net earnings last financial year premium pct yesterday market price csr said believed already contained element takeover speculation also gives premium pct pioneer last reported net tangible assets per share csr said csr said offer price reflects cost savings flow integrated management csr pioneer raw sugar mills building materials businesses economies achieved csr control management pioneer sugar added takeover announcement came soon csr earlier reported statement sell delhi petroleum pty ltd unit exxon corp xon unit mln dlrs proceed previously announced float part delhi reuter
ecuador begins work oil pipeline colombia construction workers today began building km mile pipeline link ecuador jungle oilfields pipeline colombia ecuadorean crude could pumped pacific coast ecuadorean energy officials said said would take two months least mln dlrs build pipeline lago agrio ecuador puerto colon colombia connection colombian pipeline goes port tumaco colombia pacific ocean coast lago agrio puerto colon pipeline designed transport barrels day bpd ecuadorean crude colombian pipeline said colombian pipeline tumaco ample room ecuadorean crude said currently bpd bpd capacity ecuadorean energy ministry official said ecuadorean crude reaching tumaco shipped boat ecuador refining oil products meet domestic demand completion pipeline would allow ecuador resume production paralysed since march six earthquake night tremor country main pipeline jungle oilfields ecuadorean port balao pacific ocean ecuador pumping bpd earthquake would take five months repair pipeline balao government officials said ecuador estimates cost mln dlrs repair oil installations damaged earthquake energy ministry javier espinosa said reuter
italy consumer prices rise pct february italy consumer price index rose pct february compared january rising pct january december national statistics institute istat said year year rise february pct pct january compared pct february istat said consumer prices index families workers employees base february january february reuter
japan february trade surplus billion dlrs january billion surplus
computer devices inc th qtr shr loss one cnt vs profit one cnt net loss vs profit revs vs mln year shr profit seven cts vs profit nine cts net profit vs profit revs mln vs mln note th qtr year includes gain dlrs dlrs year includes gain dlrs tax loss carryforwards reuter
owens corning fiberglas sells foam unit owens corning fiberglas corp said sold controlling interest french foam producing subsidiary corp subsidiary owens corning said sold interest sa undisclosed price reuter
advanced sciences year loss shr loss cts vs loss cts net loss vs loss revs vs note th qtr data available reuter
bow valley sell norwegian subsidiary bow valley industries ltd said agreed sell wholly owned norwegian subsidiary norge norway mln canadian dlrs principal asset subsidiary bow valley exploration norge eight pct interest gas condensate field offshore norway sale expected conclude middle april bow valley said reuter
park ohio industries inc th qtr net shr loss cts vs profit dlr net loss vs profit revs mln vs mln year shr loss dlr vs profit dlr net loss vs profit revs mln vs mln note net includes certain non recurring charges dlrs number items th qtr yr net includes extraordinary credit dlrs cts per share reuter
argentine inflation rose pct february argentina cost living index grew pct january last month pct national statistics institute said said consumer prices rose pct last months pct inflation calendar year reuter
usx x uss unit raises prices usx corp uss subsidiary said effective shipments beginning july prices leaded grades series grades hot rolled bar semi finished products ohio facility increased dlrs ton prices effect june said increase made reflect current market conditions reuter
ec official u trade bill sir roy denman head ec delegation washington said pending u trade legislation attempt deal nation trade deficit spark retaliation passed present form think deal trade deficit legislation mistake told foreign trade association denman told reporters possible retaliation warned letter house ways means committee chairman dan rostenkowski would necessarily product product basis retaliation matched product product denman said said case textiles import restrictions however retaliation would u textile exports certainly restrictions imposed european exports textiles u community would likely retaliate restrictions u textile exports europe denman said also took exception u proposals require countries large current account surpluses u cut surpluses face special tariffs would conflict international obligations throw large current round trade negotiations could easily warned tariff proposals denman also took exception u efforts seek reciprocity specific trade sectors forcing reciprocity one sector imposing barriers would simply lead retaliation party said adding overall reciprocity achieved trading one sector advantages another reuter
emhart corp qtly dividend qtly div cts vs cts prior payable march record march nine reuter
treasury baker sees smaller trade deficit treasury secretary james baker predicted u trade deficit would decline billion dlrs year however acknowledged signs still decline think beginning see changes told house appropriations committee begun level see beginning go yet told panel reuter
mcdonnell douglas md approached pesch mcdonnell douglas corp five mln dlr investment republic health corp reph said approached sell shares republic health earlier alpha health systems corp unit pesch co said submitted merger proposal board reph acquisition co parent republic health pesch principal stockholder pesch approached mr pesch else respect holdings republic health mcdonnell douglas spokesman told reuters reuter
hudson bay mining cuts u canada zinc prices hudson bay mining smelting co ltd said cut prices grades zinc sold north america one u ct pound one canadian ct pound effective immediately new price high grade zinc u cts canadian cts pound company said special high grade prime western continuous grade controlled lead costs u cts canadian cts pound new price continuous grade controlled lead aluminum additions u cts canadian cts pound reuter
greenwood resources sells company stake greenwood resources inc said sold common share majority holding new london oil ltd london affiliate guinness peat group plc london affiliate sa belgium total dlrs cash company said apply proceeds sale support line credit part proposed debt restructuring colorado national bancshares greenwood shareholders said retain seat new london board reuter
pep moe jack inc th qtr jan end shr cts vs cts net vs sales mln vs mln year shr dlrs vs dlrs net mln vs mln sales mln vs mln note latest year net includes three cts shr gain sale assets reuter
clabir clg dividends taxable clabir corp said determined dividends paid class common taxable dividend income preliminary estimate company said may used shareholders preparing income tax returns reuter
uaw says back chrysler c amc amo merger united auto workers uaw union said supports chrysler corp proposal buy american motors corp creating good match potentially points way secure future workers companies believe members interests well served within chrysler family committed making happen uaw president vice president marc said statement believe chrysler purchase logical sound step concerned union said uaw negotiating amc demand economic concessions covering workers wisconsin operations without amc said would cease vehicle production wisconsin assembly plant reuter
bank france leaves intervention rate unchanged pct official
inc th qtr jan net shr cts vs cts net vs sales mln vs mln avg shrs vs year shr dlrs vs dlrs net vs sales mln vs mln avg shrs vs reuter
inc th qtr loss shr loss cts vs profit cts net loss vs profit sales vs avg shrs vs year shr profit one ct vs profit cts net profit vs profit sales mln vs mln avg shrs vs reuter
affiliated publications buy billboard publications mln dlrs
corp delay yearend report corp said forced delay release fourth quarter yearend results determine effects balance sheet possible increase liabilities unit earlier month company occidental fire casualty co unit paid mln dlrs unit mutual agreement however said believes possible unit liabilities may exceed mln dlrs said finding possible increase completed april reuter
education systems year net shr cts vs cts net vs revs vs note current net includes non recurring loss investments full name education systems publications corp reuter
corp rd qtr jan net shr cts vs cts net vs revs mln vs mln nine mths shr cts vs dlrs net vs revs mln vs mln note share adjusted three two stock split december reuter
chirac sees quick decision cgct french prime minister jacques chirac told u congressmen france would announce decision two three weeks group control second largest communications firm compagnie generale de construction french sources said said chirac promised france decision would based financial economic technical criteria political grounds u german companies leading take control cgct reagan administration warned france germany may retaliate control company awarded political grounds jacques delors president european community executive commission called last month control go west germany siemens ag order strengthen european industry leading consortium american telephone telegraph co philips nv netherlands chirac said france would make public reasons control sources said asked company fate two meetings leaders senate house representatives reuter
holding co th qtr net shr profit cts vs loss cts net profit vs loss revs mln vs mln year shr profit dlrs vs loss dlrs net profit mln vs loss eight mln revs mln vs mln note includes extraordinary gains cts per share cts fourth quarter respectively reuter
martin lawrence limited year net shr cts vs six cts net vs revs mln vs note th qtr data given reuter
harper international inc rd qtr jan shr cts vs cts net vs revs vs avg shrs vs nine mths shr cts vs cts net vs revs mln vs mln avg shrs vs reuter
china taiwan trade via hong kong fell value trade china taiwan via hong kong fell pct billion h k dlrs billion dlrs hong kong census statistics department said taiwan exports china hong kong fell billion dlrs last year billion china exports rose billion dlrs mln dlrs economists hong kong told reuters china controls foreign currency hurt imports taiwanese consumer goods electric television sets medicine textiles among china chief exports taiwan taiwan allow direct trade china indirect trade mainly hong kong reuter
philadelphia exchange extend hours asia philadelphia stock exchange phlx leading trader currency options plans extend trading hours serve far eastern markets exchange president nicholas giordano said told reporters phlx open new session hours u est beginning third quarter year phlx also opening office hong kong serve clients region financial markets advantages currency options giordano said giordano sydney start asian pacific tour exchange executives promoting hedging benefits exchange trade currency option market existing counter option trading local working day currency options phlx become accepted means hedging foreign exchange risk grown said phlx offered options eight currencies including new australian dollar option traded average contracts daily underlying open interest billion u dlrs giordano said exchange impressed performance australian dollar contract since introduction last year regularly topped french franc third popular traded option contracts traded daily philadelphia exchange open asia pacific market day would open new hedging opportunities set level counter option trading increase opportunities give corporations access currency option market much greater depth liquidity security clearing house said reuter
diagnostic retrieval systems inc makes mln dlr bid rospatch corp
corp raises quarterly qtly div nine cts vs eight cts prior pay may record march reuter
home shopping purchase tv station home shopping network inc said silver king broadcasting co inc unit entered definitive contract buy broadcasting assets tv station channel portland salem ore area undisclosed terms additionally company said serves homes began broadcasting home shopping network full time morning affiliation agreement home shopping also said entered definitive contract buy tv station channel san francisco channel dallas reuter
jannock acquires pct security jannock ltd said acquired pct interest security ltd five mln dlrs brian richard hold remaining pct continue manage company security employing people provides full range security equipment services jannock said reuter
monsanto mtc invests biotechnology biotechnology development corp said corp subsidiary received dlr investment monsanto co g searle co subsidiary company said investment made pursuant option searle held increases searle stake pct total investment one mln dlrs reuter
oppenheimer raises nwa nwa earnings estimate oppenheimer co analyst robert raised earnings estimate nwa inc parent northwest airlines following strong quarterly report company yesterday according oppenheimer market michael nwa shares rose active trading raised estimate dlrs share five dlrs maintained buy recommendation stock said could reached comment yesterday minneapolis based nwa reported fourth quarter net mln dlrs cts share loss two mln dlrs nine cts quarter year earnings rose mln dlrs dlrs mln dlrs results include republic airlines since nwa acquired aug reuter
gencorp gy bid could raised group says investor group said might willing raise dlr per share offer gencorp far company turned requests meeting might able see additional value could meet get financial data said reed speaking investor group reed told reuters gencorp chairman william reynolds interested talking us time wagner sought meeting recent telephone conversation reynolds reed said wagner brown along afg industries inc afg recently launched surprise tender offer gencorp offer worth billion dlrs reed said circumstances dlr per share tender offer expires april fair offer gencorp gained today nyse reed outlined plan gencorp event group wins control said aerospace soft drink bottling entertainment units potential divestiture candidates said tire business group wants keep may viable merged another tire company one option would try grow tire business combination acquisition reed said said believes merger could create stronger force tire industry gary miller chief financial officer afg said company record acquiring mature businesses boosting productivity automation incentives tied profit sharing used success said case gencorp rko general broadcasting stations reed said plan partners step gencorp proceed plans sell stations partners said acquiring gencorp intend consummate sale wor tv new york mca inc mca gencorp last year entered agreement sell station mln dlrs partners also said acquire gencorp would also proceed proposed sale khj tv los angeles walt disney co dis rko general would receive mln dlrs television challenged license would get mln dlrs partners also said federal communications commission established expedited schedule receiving comments request special temporary authorization proposed trust arrangements fcc considers formal application transfer broadcast unit reed said pleased expedited schedule provides time agency act request expiration tender offer said aim partners move quickly possible eliminate uncertainty surrounding stations asked criticism takeover attempt voiced municipal officials akron ohio gencorp headquartered reed said plan partners offers long term growth ohio noted aerospace business slated divestiture partners plan located california program one overall would provide greatest long term growth segments said reuter
emery air freight corp offer dlrs shr purolator courier corp
ec links agricultural trade talks reform european community ec considers talks agricultural trade reform talks trade reform present gatt round willy de clercq external relations commissioner ec said told reporters ec would bow pressure reach early agreement agricultural trade said ec wanted stick four year schedule agreed members general agreement tariffs trade gatt punta del este uruguay last year included agricultural trade liberalisation first time lengthy program negotiate gatt trade issues discussed current gatt round include reform trade merchandise services de clercq way china attending two day conference gatt trade ministers held new zealand several ministers criticised ec saw restrictive agricultural trade practices called urgent reforms u trade representative clayton yeutter also said important agreement agricultural trade reform reached early possible de clercq said gatt program reached long hard negotiations ec want changes want stick agreement reached clear new round would one undertaking global negotiation two fast track slow track one track track de clercq said start priorities priority priority say agriculture urgent urgent thing said said del este agreement taken eight months prepare eight days negotiations reuter
gabelli sale gencorp gy shares mario gabelli head new york investment firm mario gabelli co said sold shares gencorp inc gy part portfolio process meet needs clients said stock moved following acquisition proposals group formed afg industries inc afg wagner brown clients regarding company shareholders meeting tuesday gabelli told reuters nothing said caused sell buy still thinks values dlrs per share clients asked buy gabelli said amended certain filings securities exchange commission clients investors wanted remove clients process gencorp wagner brown said said pleased chairman william reynolds stated meeting found concept greenmail greenmail corporation buying shareholder premium available others reuter
progressive savings th qtr loss shr loss dlrs vs profit three cts net loss vs profit revs mln vs mln year shr loss cts vs profit three cts net loss vs profit revs mln vs mln note full name progressive savings loan association current year figures include mln dlr reserves estimated real estate loan losses reuter
corp sets regular qtly payout qtly div cts vs cts prior pay april one record march reuter
moe jack set payout qtly div cts vs cts prior pay april record april one reuter
whittaker completes sale medical unit whittaker corp said completed previously announced sale wholly whittaker general medical corp subsidiary r b holdings inc undisclosed terms whittaker general medical annual revenues mln dlrs reuter
swedish industrial production falls january sweden industrial production fell pct january compared fall pct month remains unchanged compared january according figures central bureau statistics bureau attributed fall long break particularly cold weather lowered production industry reuter
butler buy manufacturer butler co said signed memorandum intent acquire naturalite inc manufacturer said texas based naturalite sales mln dlrs terms disclosed reuter
gateway medical systems inc rd qtr loss period end jan shr loss one cts vs profit eight cts net loss vs profit revs mln vs nine mths shr profit cts vs profit six cts net profit vs profit revs mln vs mln reuter
st jude medical votes dividend rights st jude medical inc said board declared special dividend one right outstanding share held company common stock payable holders record april six said right entitles holder buy one tenth share preferred stock st jude exercise price dlrs st jude said rights may exercised days following acquisition commencement tender offer least pct company common stock company added reason believe st jude medical takeover target reuter
washington nat l buys united presidential washington national corp washington national insurance co said bought remaining pct united presidential corp outstanding shares dlrs share cash acquisition shares part plan exchange approved united presidential shareholders special meeting march purchase remaining united presidential stake follows washington national buying pct united presidential dlrs share tender offer terminated december reuter
trico sets date acquisition vote trico industries inc said set march date special shareholders meeting vote proposed acquisition company inc january two companies announced agreement covering proposed acquisition trico approximately mln shares outstanding eight dlrs per share cash reuter
computer identics corp th qtr shr loss cts vs loss cts net loss mln vs loss revs mln vs mln year shr loss cts vs loss cts net loss mln vs loss revs mln vs mln note includes restructuring charges mln dlrs loss foreign affiliates mln dlrs includes loss foreign affiliates dlrs reuter
ameron adopts shareholder rights plan ameron inc said board adopted rights plan designed protect shareholders potentially unfair takeover tactics plan calls distribution one right outstanding common shares right entitles holder buy one one share newly authorized series junior participating cumulative preferred stock exercise price dlrs ameron said said rights exercisable group acquires pct common stock announces tender offer pct shares reuter
standard oil srd committee tried delay bid committee independent directors standard oil co unsuccessfully sought delay tender offer standard shares british petroleum co plc according offering documents bp offering document dlr per share offer discussions douglas danforth special committee independent directors responsible monitoring relations bp bp owner pct stake standard several years according document committee counsel said needed one two months evaluate offering price danforth chairman westinghouse electric co wx first learned bp interest acquiring rest standard telephone call march five sir peter walters chairman bp meeting march nine danforth informed bp special committee hired first boston corp fbc financial adviser also retained independent counsel danforth concerns special committee sufficient time expressed walters telephone conversation reiterated letter counsel monday week reuter
inc th qtr loss oper shr loss six cts vs profit seven cts oper net loss vs profit revs vs avg shrs mln vs mln year oper shr loss six cts vs profit cts oper net loss vs profit revs mln vs mln avg shrs mln vs mln note excludes extraordinary credit four cts share fourth quarter cts year reuter
hughes supply make acquisition hughes supply inc said signed letter intent acquire assets tri state supply inc wholesale distributor supplies sales year ending tomorrow mln dlrs terms disclosed said expected around april subject approval tri state board shareholders reuter
american aircraft buys helicopter american aircraft corp said acquired pct interest privately owned hunter helicopter nevada inc undisclosed amount stock american aircraft official said company option acquire remaining pct hunter helicopter business building two passenger helicopter retailing dlrs federal aviation administration manufactured american aircraft texas plant added reuter
hillsdown says early results encouraging hillsdown holdings plc l said early results encouraging combination investment acquisition strategies enabled look forward excellent result year company commenting results showed pre tax profit rising mln stg mln previously turnover lifted billion billion figures initially boosted share price p p last night eased back p gmt hillsdown said capital expenditure rose mln stg mln would continue high level placing mln shares last year raised mln stg enabled shareholders funds double mln year end net borrowings pct shareholder funds group listed investments mln company said bought total companies year total price mln stg although made minor contribution profits real benefits would come beyond reuter
usair u cuts piedmont pie shares sought usair group inc said amended dlr per share tender offer shares piedmont aviation inc reduce maximum number accept previously sought shares newspaper advertisement usair said offer withdrawal rights extended still expire april along new proration period friday u department transportation approved usair acquisition pct piedmont usair acquire pct tender would required sell excess within one week usair said receipt shares also minimum amount accept would give total pct piedmont shares currently outstanding pct fully diluted basis company said even purchase piedmont shares caused exceed pct limit usair would waive condition offer transportation department approve voting trust agreement permitting usair buy hold shares offer pending review usair application gain control piedmont subject order rescinded modified adverse way reuter
hi industries inc sets payout qtrly div cts vs cts prior pay april record april reuter
corp nd qtr jan net shr three cts vs three cts net vs sales vs six mths shr four cts vs four cts net vs sales vs avg shrs vs reuter
canadian money supply falls mln dlrs week bank canada said
palmer lewis co inc th qtr net qtr ends jan shr three cts vs one cent qtrly div seven cts vs seven cts prior net vs revs mln vs mln mths shr cts vs cts net vs revs mln vs mln note effective july one company acquired outstanding stock western american forest product inc cash convertible debentures accounted purchase consolidated statements include western results operations july one payout dividend may six stockholders record april reuter
pension insurance group th qtr net shr profit two cts vs profit two cts net profit vs profit revs vs mths shr profit four cts vs loss two cts net profit vs loss revs vs note full name company pension insurance group america inc reuter
bundesbank leaves credit policies unchanged bundesbank left credit policies unchanged today regular meeting council spokesman said answer enquiries west german discount rate remains pct lombard emergency financing rate pct reuter
klm denies press report air atlanta takeover nv klm royal dutch airlines klm absolutely negotiating takeover u regional carrier air atlanta klm spokeswoman said comment article leading dutch evening paper u law requires least pct shares u airline owned american firms persons spokeswoman added newspaper said air atlanta u cities fleet five boeing passenger capacity employs people making losses said klm started talks vendex international nv jointly owned courier service xp express systems declined confirm report saying wanted buy vendex stake xp klm said last week negotiating minority stake british courier service iml air services group ltd subsidiary british commonwealth shipping plc bcom l strengthen position fast growing worldwide door door delivery market klm spokeswoman said expected announcements talks vendex made early next week reuter
nakasone hard pressed u anger trade prime minister yasuhiro nakasone visit washington next month bid defuse mounting u anger japanese trade policies western diplomats said believed chances success slim powerful political pressure groups widespread opposition tax reform plans nakasone hard pressed come anything new tell u president ronald reagan key u congressmen said news week long visit starting april news japan recorded billion dlr trade surplus last month pct higher year earlier also came one day reagan administration economic policy council decided take retaliatory action japan alleged failure live joint trade agreement computer microchips nakasone wants go armed two separate packages one designed pep japan economy imports short term country medium term away dependence exports growth government officials said political could packages much might even prevent one seeing light day nakasone insisted government would draw package short term economic measures budget passed parliament feared would amount budget inadequate hopes quick passage budget time trip parliamentary boycott opposition parties protesting sales tax plan faced possibility might go u virtually empty handed nakasone today ordered ruling liberal democratic party ldp come measures tell reagan ldp package form basis government plans without losing face parliament budget political analysts said officials working government short term economic package said would probably include interest rate cuts loans government corporations deregulation measures pass benefits strong yen consumers form lower prices accelerated public investment said record portion state investment planned entire fiscal year take place first half probably pct diplomats said unlikely enough satisfy reagan pressure democrat controlled u congress take greater action cut huge american trade deficit complement short term measures nakasone also likely present reagan details japan longer term economic plans high ranking advisory body headed former bank japan governor expected come final report outlining concrete steps economy days nakasone scheduled leave washington recommendations designed follow report last year economic restructuring likely cover potentially politically areas agricultural reform land policy officials said make report detailed possible said political realities might force water committee recommendations subcommittee considering japanese economy might look like medium longer term massive restructuring officials said subcommittee projects current account surplus fall less two pct japan total output gross national product around last year surplus measures trade goods services amounted four pct gnp subcommittee also projects annual economic growth japan nearly four pct period gradual appreciation yen dollar around reuter
cook united inc expects loss mln dlrs fiscal
fleet flt aims speed merger norstar fleet financial group hopes proposed merger norstar bancorp largest u banking merger completed beginning according executive fleet robert director corporate communications rhode island based fleet told reuters company exploring seeking change national trigger date state reciprocal bank law jan july one decision rhode island merger plan announced midday news release said deal worth billion dlrs would consummated july one rhode island barriers interstate banking outside new england come consummate deal earlier would better concerned said said best knowledge change rhode island law would hardship banking institution state said fleet connecticut law permits interstate banking mergers within new england amended fleet owns first connecticut bancorp connecticut law amended time said option would spin unit repurchase provisions new england reciprocal banking laws excluded new york means protecting regional banks money center wall street analysts said merger accord fleet albany n based norstar rapid pace interstate banking mergers since state permitting regional mergers reciprocal basis u supreme court decided mid permit mergers fleet norstar joint statement proposed merger partnership two companies continue operate existing headquarters merger norstar holders receive fleet shares one following fleet previously announced two one split fleet shares closed today giving deal indicated value billion dlrs topped proposed merger los angeles based security pacific corp spc seattle rainier west coast deal announced four weeks ago worth estimated billion dlrs chemical new york corp chl acquisition texas commerce bancshares last year valued billion dlrs making similar size security pacific deal california combination wells fargo co wfc national corp last year worth billion dlrs several bank mergers southeast valued mln dlr range merger equals said analyst john securities corp said norstar book value end dlrs per share fleet book value dlrs noted norstar chairman peter fleet murray late said would probably head combined company retirement murray could assume top post analyst merrill lynch co said fleet earnings would diluted two pct basis merger terms announced today noted fleet reputation diversified number financial areas fleet established consumer banks southeast known mortgages merged banks would assets excess billion dlrs one largest banks u norstar operates new york state new york city said point future banking operations norstar fleet operate state maine would combined agreement norstar fleet includes lock option designed deter acquirers granted option purchase authorized unissued shares amounting pct fully diluted shares outstanding reuter
trans canada glass ltd th qtr loss shr loss cts vs loss eight cts net loss vs loss sales mln vs mln year shr profit cts vs profit cts net profit mln vs profit mln sales mln vs mln reuter
sunter acquisition begins tender allegheny international inc
saudi arabia king fahd wants stable oil prices king fahd said today saudi arabia wants oil price stability called non opec producers avoid harmful competition nation group interview reuters television news agency visnews came ahead state visit make britain later month king fahd asked whether saudi arabia would prepared reduce oil output opec quota mln barrels per day bpd defend dlr benchmark price agreed opec last december king replied saudi arabia decide prices certainly price stability non opec countries must help us framework common interest type competition could prove harmful everyone said asked saw dlr per barrel benchmark first step towards higher world oil prices king fahd said saudi arabia opec countries determine issues iran algeria already called higher benchmark recent weeks dlr level come pressure due partly quota violations opec members king fahd said saudi arabia world largest oil exporter adhering decisions made opec december conference set mln bpd output ceiling first half major non opec producer britain far resisted group pleas curb north sea oil output king also urged world community help return homeland called end iran iraq war year old war could resolved said reuter
equipment co america th qtr net oper shr seven cts vs four cts oper net vs sales vs avg shrs vs year oper shr cts vs cts oper net vs sales mln vs mln note net excludes tax credits dlrs vs dlrs quarter dlrs vs dlrs year reuter
malaysia welcomes accord new rubber pact malaysian primary industries minister welcomed basic accord reached weekend geneva producers consumers new international natural rubber agreement inra good development new pact adopted week well rubber industry prices long term told reuters negotiators united nations conference new inra resolved differences agreed last saturday basic elements new pact replace current one expires october conference chairman manaspas xuto said legal drafting new pact begin week expected formally adopted countries march malaysia world top producer acted spokesman producers talks began march malaysian traders said expected prices firm cents news pact expected adopted prices also firm short term tonnes rubber held inra buffer stock new pact sight said reuter
davis water releases pre split earnings davis water waste industries inc said restated earnings pre stock split basis fiscal third quarter nine months ended january reported march post four three stock split basis company said earnings per share third quarter pre split basis converts cts cts post split versus three cts pre split two cts post split fiscal third quarter nine months davis said earnings per share would convert cts cts fiscal respectively cts cts respectively reuter
co com th qtr jan net shr dlrs vs dlrs net vs sales mln vs mln year shr dlrs vs dlrs net vs sales mln vs mln qtly div cts vs cts previously pay april record april reuter
inc sets stock split inc said board declared three two stock split payable april record march reuter
dorsey completes sale unit dorsey corp said completed sale substantially dorsey trailers inc subsidiary assets acquisition corp whose stockholders include former dorsey vice president several executives dorsey trailers management team terms acquisition disclosed reuter
national westminster bank says cutting base lending rate pct pct
energy says trustee appointed energy corp said u bankruptcy court indicated appoint trustee company chapter bankruptcy proceedings said hopes appointment thwart hostile actions pursued two unsecured creditors whose claims company said well county utah tested barrels oil per day owns pct working interest reuter
spain mln dlr january payments surplus spain mln dlr current account balance payments surplus january compared mln deficit december mln surplus january last year bank spain figures show trade deficit rose mln dlrs january mln january reuter
westinghouse says expects least pct earnings shr growth
ec warns congress new trade bill european community ec warned u house representatives tough trade legislation considering could prompt retaliation u trading partners warning sent letter sir roy denman head ec delegation washington dan rostenkowski chairman house ways means committee copy letter made available reuters denman told rostenkowski illinois democrat backed aspects bill one backing new talks gatt one excluding protection textile industry denman disagreed provisions would require president reagan take retaliatory trade action nations large trade surpluses u would set new standards unfair foreign trade practices denman told rostenkowski gatt regulations member nations taking unilateral retaliatory action trade disputes unless action gatt approved said congress makes retaliatory action mandatory united states would violation international legal obligations course major trading partners denman added president flexibility trade laws saying last resort administration must take decision light overall national interest otherwise said risk would counter reaction trading partners united states e retaliation image legislation employed imports united states denman also said congress could prompt retaliation reduced unfair trade making easier firms file unfair trade practice claims retaliation could also prompted standards findings imports u firms changes standards must agreed upon cannot imposed united states alone world trading system said house leaders rejected plan textile state legislators add trade bill provision curb imports clothing similar measure passed two years ago vetoed president reagan concern leaders reagan would veto entire trade bill textile amendment reuter
laboratories inc nd qtr loss period ended jan net loss vs loss sales vs six mths net profit vs loss sales vs reuter
italian net reserves rise february italy net official reserves rose billion lire february previously reported billion january bank italy said gold holdings end february totalled billion lire unchanged january convertible currencies totalled billion lire billion january european currency unit ecu holdings billion lire billion reuter
u house plan seeks bar foreign takeover u house subcommittee voted give president reagan authority block foreign takeovers u companies similar takeover fairchild semiconductor corp fujitsu ltd withdrawn energy commerce subcommittee commerce approved amendment overall house trade bill provision giving reagan power block sales foreign companies sale national economic interest subcommittee rejected proposal requiring u pay investors one pct right hold gold investments government storage amendment called government sell gold coins gold backed bonds maturities years investors reduce federal debt reuter
medar inc th qtr dec loss shr loss cts vs loss nine cts net loss vs loss sales mln vs two mln nine mths ended dec shr profit two cts vs loss four cts net profit vs loss sales mln vs mln avg shrs vs year ended march shr loss cts vs profit cts net loss vs profit sales mln vs mln avg shrs vs note medar changed end fiscal year december phase business cycle major customers reuter
bank japan calls long term efforts trade short term effect foreign exchange rate movements correcting international trade imbalances appears long term efforts required cut japan dependence external demand bank japan said monthly report japan trade surplus nominal terms likely remain high near future central bank said fundamental adjustments needed long japan hopes benefit better international allocation resources maintain free trade system added reuter
chilean copper workers elect left wing leaders chilean left wing leaders elected copper workers union first time since left wing government salvador member popular democratic movement named president chilean confederation ctc groups workers employed state owned copper mines union officials said members includes communist party socialist party took five principal positions union directorate state owned copper company chile codelco produces around pct country copper output one mln tonnes per year chile world leading copper exporter sales account pct export income six places union directorate elections earlier month christian democratic party holding five remainder left wing left control union christian democrats failed reach agreement joint candidate presidency withdrew negotiations union elections called following resignation former president last october christian democrat chile best known union leader said forced step repeated court actions brought codelco prevented union operating labour leader heads inter union national workers command cnt among workers codelco following strike strike copper industry stoppage staged past years marked start wave military rule president codelco argued could continue union leader longer employed company reuter
mail boxes mail rd qtr jan net shr cts vs cts net vs revs vs avg shrs vs nine mths shr cts vs cts net vs revs vs reuter
petrobras oil purchase saudi arabia brazil state oil company petrobras cancelled mln dlr crude oil purchase saudi arabia saudis refused accept credit guarantees bank brazil disclose reasons petrobras official said export director carlos santana told reporters saudis first suppliers oil impose conditions brazil decision halt interest payment commercial debts last month shipment mln barrels represents two days consumption said saudis reported would longer accept letters credit bank brazil even saudi banks brazil would obtain credit guarantees leading international banks february brazil contracted buy bpd saudis june saudi arabia brazil second biggest oil supplier average bpd iraq main supplier bpd china comes third bpd saudis wish stop trade relationship sure getting offers elsewhere santana added santana said saudis change minds decide respect terms contract petrobras lift order cancel shipment saudis put similar conditions previous shipment added saying insisted would rather cancel contract buy product elsewhere santana said petrobras threatened cancel contract saudis changed minds decided accept bank brazil credit guarantees said reuter
best products co inc th qtr shr dlrs vs cts
industries inc th qtr loss shr loss five cts vs loss cts net loss vs loss sales vs avg shrs mln vs mln year shr loss four cts vs loss cts net loss vs loss sales mln vs mln avg shrs mln vs mln note year net includes gain dlrs settlement litigation belcher oil co dlr provision connected resignation former president legal settlements costs dlrs dlrs expenses closing contract packaging division reuter
pay n pak stores inc pnp th qtr feb net shr cts vs cts net vs revs mln vs mln year shr cts vs cts net vs revs mln vs mln reuter
microwave corp rd qtr feb net shr profit nil vs profit five cts net profit vs profit revs vs avg shrs vs nine mths shr loss two cts vs profit cts net loss vs profit revs vs avg shrs vs note nine mth orders dlrs pct backlog end period dlrs pct year reuter
u oil tax would affect pdvsa champlin deal eventual oil import fee united states make difference champlin petroleum corp joint venture agreement signed today petroleos de venezuela pdvsa champlin chairman william adams said discussed length negotiations say contract covers regard told reuters signing ceremony venezuela energy mines minister arturo hernandez grisanti earlier described agreement pdvsa buys pct champlin corpus christi refinery one step presence oil industry world markets union pacific chairman william cook said agreement beneficial sides combining secure source supply modern refinery access markets looking long term relationship time protectionist u congress clear benefits sides said adams said pdvsa crude would remain competitive even oil import fee champlin invested heavily years texas refinery process venezuelan heavy crudes hydro facilities obtain competitive product yield therefore danger oil import fee consideration negotiations remains seen fee would represent foresee impact today agreement adams said said refinery could run crude heavy venezuela bolivar coastal field bcf api without would probably move time heavier take advantage bigger margins refinery capacity process bpd venezuelan high sulphur content heavy crude pct yield white products reuter
precision inc par rd qtr jan net oper shr cts vs two cts oper net vs sales vs avg shrs vs nine mths oper shr cts vs cts oper net vs sales mln vs mln avg shrs vs note current year net periods excludes dlr gain retirement notes backlog mln vs mln start fiscal year reuter
general partners willing pay dlrs share gencorp
paradise fruit sets lower dividend paradise fruit co inc said board declared dividend cts per share payable march holders record march company last paid cts per share january paid cts january paradise said commercial bank lending agreements entered june include retained earnings requirements limit amount earnings available distribution shareholders reuter
ltd third quarter january group shr yen vs net profit billion vs profit billion pretax profit billion vs loss mln operating profit billion vs profit mln sales billion vs billion nine months ended january group shr yen vs net billion vs billion pretax billion vs billion operating billion vs billion sales billion vs billion reuter
nakasone visit washington late april prime minister yasuhiro nakasone make official week long visit united states april hold talks washington president reagan chief cabinet secretary told reporters government sources said nakasone would try resolve growing bilateral trade friction discuss june venice summit western industrial democracies foreign minister nakasone ministry officials said u industry sources washington said white house economic policy council recommending trade sanctions japan violating two countries agreement semiconductor trade pact japan pledged stop dumping microchips u asia open domestic market u semiconductors reuter
systems corp th qtr oper loss oper shr loss one ct vs loss seven cts oper net loss vs loss revs vs avg shrs vs year oper shr loss cts vs loss dlrs oper net loss vs loss revs vs avg shrs vs note earnings exclude losses discontinued operations dlrs three cts share vs dlrs two cts share quarter losses dlrs cts share vs dlrs seven cts share year year earnings exclude gain early extinguishment debt dlrs dlrs share reuter
hawker siddeley offer ends hawker siddeley group plc offer dlrs share co inc stock scheduled expire est yesterday company officials unavailable comment american stock exchange stopped trading stock pending news announcement reuter
rainbow equiticorp place ultramar stake new zealand investment companies rainbow corp ltd equiticorp holdings ltd placed majority joint shareholding oil gas conglomerate ultramar plc umar l prices stg per share companies said statement companies said bought pct stake ultramar total mln n z dlrs joint venture company formed purpose october said joint venture made profit mln n z dlrs deal say many shares sold details sale available reuter
co year nov net shr profit four cts vs loss cts net profit vs loss note net includes tax credit dlrs one ct per share reuter
inc raises quarterly qtly div three cts vs cts prior pay april record april six reuter
affiliated publications inc sets dividend qtly div eight cts vs eight cts pay june one record may reuter
sell consumer lending offices financial corp said city federal savings bank preliminary agreement sell consumer lending offices fsb undisclosed terms largest mutual savings bank u said decided sell consumer lending offices outside main market areas new jersey florida concentrate resources markets offices sold operate name city consumer inc arizona colorado illinois maryland new mexico oregon virginia reuter
ltd th qtr net shr cts vs cts net mln vs mln year shr dlrs vs dlrs net mln vs mln note holding company reuter
great atlantic pacific tea co inc gap div qtly div cts vs cts prior payable may one record april reuter
g inc egg sets quarterly qtly div cts vs cts prior pay may eight record april reuter
buys joint venture leasing management inc counter company said acquired joint venture leasing inc mln venture shares valued mln dlrs joint venture organized september establish leasing joint ventures manufacturers computer equipment result acquisition joint venture backlog said expects sales mln dlrs net profits mln dlrs organized september completed public offering mln shares january reuter
service industries inc st qtr dec shr cts vs cts net vs revs mln vs mln reuter
county savings bank sets stock dividend county savings bank said board declared five pct stock dividend payable april shareholders record today reuter
cont l illinois cil sees impact tax reform tax reform act substantial impact continental illinois corp company annual report says one provision reserve method providing bad debts banks mln dlrs assets requires tax loan loss reserves taken past restored current earnings status said result amounts subject federal taxes said amounts disclosed continental said decided deal change tax reform also change foreign tax credit limitation rules although impact material short term act require first time income certain foreign subsidiaries taxable report said new legislation also reduces existing tax credits pct pct later years said continental investment tax credits carryforwards mln dlrs year end reduced mln dlrs used mln dlrs said another provision act could result limiting use tax credits change ownership continental takes place report said could happen federal deposit insurance corp sells enough shares continental common stock next two years cause change ownership noted december fdic sold one third junior convertible preference stock continental public form common stock reuter
health inc th qtr loss shr loss one ct vs loss seven cts net profit vs loss revs vs year shr loss cts vs loss cts net loss vs loss revs vs note share preferred dividends reuter
cis technologies sell shares swiss co cis technologies inc said executed formal share purchase agreement swiss reinsurance co zurich switzerland terms agreement swiss acquire mln newly issued cis stock dlrs share mln dlrs purchase represents pct outstanding shares swiss shares immediately remaining shares bought due diligence report completed auditors transaction expected complete june reuter
harper hpr gets bid harcourt hbj harper row publishers inc said received acquisition offer harcourt brace jovanovich inc acquire harper row shares dlrs share cash harper said consider proposal including possible concerns anti trust legal considerations monday harper row received surprise dlr share bid investor theodore cross owner six pct shares stock harcourt made clear offer step aside harper directors shareholders reject bid harper said harper said board previously expressed strong determination remain independent publishing enterprise harper also said new world pictures shareholder requested copy harper shareholder list used soliciting proxies new world shares total mln shares harper row stock closed rising points yesterday shareholders due vote april shareholders rights plan designed thwart hostile takeovers ivan analyst investment banking sterling grace co said harper row one remaining independent publishers back list stretching back years said long company maintains copyrights estates controls motion picture television rights said new printing technologies make new profitable business harcourt brace needs back list nature willing pay said said harper row beef warrant dlr bid reuter
dixons sells mln woolworth shares dixons group plc l sold mln shares woolworth holdings plc l salomon brothers u k equity ltd statement salomon said shares placed institutions europe far east dixons retains one mln woolworth shares dixons spokesman added industry sources said dixons acquired woolworth shares connection unsuccessful bid company last year dixons paid average price p per share compares p today woolworth closed p dixons spokesman said decision retain one mln shares reflected woolworth buoyant prospects reuter
westpac n z raises indicator lending rate westpac banking corp new zealand said increase indicator lending rate percentage points pct april westpac said statement increase reflects high costs funding bank said nervousness wholesale deposit market creating uncertainty immediate outlook interest rates liquidity expected remain tight next month put upward pressure interest rates base lending indicator rates three trading banks range pct pct reuter
peabody holding completes acquisition peabody holding co inc said completed acquisition substantially eastern gas fuel associate coal properties pct peabody holding stock peabody said purchase includes seven underground mines seven coal preparation plants currently operated eastern well coal properties mined several contractors west virginia acquisition also involves mln tons coal reserves mostly west va includes eastern coal reserves operations near colo peabody said peabody added expects announce within next week staff operate properties offices acquired eastern reuter
commonwealth mortgage sets payout qtrly div cts class vs cts qtrly div one cent class b vs nil pay may record march note prior qtr pro rated day basis qtr full name company commonwealth mortgage america reuter
saudi arabia decides accept brazil credit saudi arabia lifted condition imposed sale oil brazil accept banco brasil credit guarantees state oil company petrobras said statement petrobras cancelled mln dlr crude oil purchase saudis yesterday refused accept letter credit bank brazil demanding guarantees leading international banks advised saudis company would negotiate oil purchases elsewhere unless changed mind monday mln barrels shipment made saudis march scheduled statement said bpd contract signed february saudis agreed supply oil brazil june reuter
first chicago unit buys banks first chicago corp american national bank unit said completed acquisition four suburban chicago banks combined assets mln dlrs banks national bank north national bank first national bank park merchants manufacturers state bank park american national owns nine banks reuter
allis chalmers ah estimates proceeds sale allis chalmers corp said expects cash proceeds proposed sale processing equipment minerals systems businesses exceed mln dlrs material gain loss anticipated planned sale closing sale boliden ab sweden would part overall restructure allis chalmers announced march four company said allis chalmers said business entities included transaction total sales mln dlrs total employment processing equipment business involves manufacture crushing related equipment mining consists operations sweden australia brazil france great britain spain appleton wis minerals systems business operations west allis wis quebec canada reuter
take rd qtr loss sale industries inc said expects loss two mln dlrs third quarter ended february proposed sale inc health care unit said board directors approved unit sale losing dlrs quarter longer see near term prospect reasonable return investment president chief executive officer said said proceeds sale would used increase company market share automotive products packaging diversify packaging capabilities reuter
south american fish meal production record high production fish meal three south american producers chile peru last year reached mln tonnes record output international association fish meal manufacturers said however said statement expected chilean peruvian fish meal production first quarter much lower tonnes produced last quarter due ban fishing chile month february adverse fishing conditions peru month statement added due technical market promotion sales chile peru stock position end year remained reasonable fish meal production outside south america decreased slightly falling tonnes said fish meal consumption rose west germany countries eastern europe far east fell u remained u k added fish meal consumption suffered competition feed grade tallow u milk u k figures fish oil production main producing nations thousands tonnes oct dec jan dec chile peru norway denmark u japan reuter
twa sold four mln shares usair believed institutions wall street sources
biotechnology sets dividend biotechnology inc said pay stock dividend declared prior initial public offering common stock august stockholders record prior common offering payment dividend contingent closing bid price common stock averaging two dlrs per shares trading days within consecutive ten day period ending february company said contingency fulfilled payment stock dividend increases outstanding common stock shares shares reuter
belgian money supply rises fourth quarter belgian total money stock rose billion francs end billion end third quarter last year billion end belgian national bank figures showed paper money rose billion francs billion billion respectively forms privately held money billion billion billion money held public authorities fell billion francs billion end previous quarter billion end bank said government set money supply targets arguing inappropriate small economy major trading monetary links much larger trading countries reuter
news corp ltd acquire harper row publishers inc dlrs share
pillsbury psy hurt restaurant operations pillsbury corp reporting lower earnings third quarter ended february said strong performance foods group offset restaurants group declines excluding unusual items said restaurants operating profit quarter pct year ago sales rose four pct said burger king usa reported higher operating profit profits fell sharply steak introduced new pillsbury also reported lower profits burger king distribution arm said increased investment spending developing bay street key west hurt results said foods operating profit excluding unusual items rose pct international operations domestic baking products major improvement quarter turnaround grain major factor profit improvement nine months pillsbury said pillsbury said corporate expense showed mln dlr profit quarter reflecting mln dlr gain sale joint interest australian food company lower corporate expenses largely result early retirement program initiated year ago earlier pillsbury reported fourth quarter earnings mln dlrs cts share mln dlrs cts share year ago sales advanced billion dlrs billion dlrs pillsbury said loss investment tax credits federal tax reform act reduced per share earnings nine cts quarter cts nine months result act said effective income tax rate rose eight points pct quarter percentage points pct nine months reuter
negotiators put final new rubber pact rubber producing consuming countries agreed bases new international natural rubber agreement inra last weekend putting final future accord delegates said said discussions focusing conditions entry force new inra present pact expires october required governments accounting pct world exports pct world imports approved ratified pact became operational delegates said figures floated range pct reuter
kloeckner und co profit falls pct kloeckner co kgaa international trading group said domestic group net profit fell around pct adding profit resulted largely writing back reserves company gave profit figures posted domestic group net profit mln marks said profit made possible mln mark write back reserves created cover possible price rises reserves longer necessary recent declines raw material prices kloeckner attributed profit decline fall prices well lower value dollar said would pay unchanged dividend ordinary share capital entirely private hands held largely family kloeckner nominal mark profit participation certificates issued october pay likely yield around pct holders certificates entitled quarter payment around marks company added reuter
boliden says leader mining gear swedish mining metals group boliden ab blds st said takeover u allis chalmers corp ah mining machinery division made world leading maker equipment president kjell nilsson announcing mln crown deal told news conference boliden would become international concern operations brazil chile big minerals producing nations said allis chalmers division accounting pct u group sales would fit well boliden reuter
continental federal holder sell stake continental federal savings loan association said told estate holding pct stock plans sell stake premium current stock price continental said estate harold certain parties signed letter intent sell stock dlrs share total dlrs continental stock closed seven counter trading thrift said buyer bac inc corporation acting certain parties reuter
saudi success seen curbing opec production saudi arabia succeed pressuring members organization petroleum exporting countries stay within production quotas said morgan stanley group managing director john wellemeyer wellemeyer speaking reporters offshore oil engineering conference also said expected opec nations attempt hold prices dlrs barrel several years keep industrial demand residual fuel oil strong next weeks think see concerted effort saudis get production wellemeyer said saudis committed price level dlrs barrel willing make happen said recent weeks oil prices fell dlrs barrel level market reports members producing quota pushing total opec production mln barrels per day prices today april u crude prices one dlr dlrs barrel belief saudi arabia attempting curb opec output wellemeyer said sharp declines u oil production could push demand opec oil mln barrels per day early mln barrels per day although projected increases demand opec oil strengthen world prices wellemeyer said believed organization would hold official price dlrs barrel time prevent residual fuel users switching natural gas supplies swing market accounts eight mln barrels day pct world demand oil reuter
electric power co ups dividend qtly div cts vs cts prior payable april record april reuter
e viner holdings ltd th qtr loss shr loss cts vs profit seven cts net loss vs profit revs vs year shr profit cts vs loss cts net profit vs loss revs mln vs mln note th qtr net includes mln u dlr ct shr writedown stake heck inc hex u dlr three ct shr writedown arbitrage positions fl yr net includes dlr net writedown stake heck u dlrs reuter
enterprises inc year net shr cts vs cts net vs revs mln vs mln reuter
pubco corp year net oper shr cts vs nine cts oper net vs revs mln vs mln note oper net excludes tax credits vs current year results include proceeds termination pension plan reuter
japan cut microchip output boost imports leading domestic semiconductor makers boost imports cut production key memory microchips next month line government attempts ward u trade sanctions company spokesmen said moves might persuade u call sanctions despite obstacles full implementation plans analysts said tariffs affect mln dlrs worth products retaliation japan alleged failure honour semiconductor trade pact announcing sanctions last friday president reagan said japan fulfilled promise halt pricing open japan market foreign products u trade representative clayton yeutter said yesterday u television u willing drop tariffs japan shows clear indication open markets u goods ministry international trade industry miti urged producers slash output chips pct second quarter following call reduce production pct previous quarter miti also urged makers boost chip imports analysts said moves could encourage washington cancel tariffs ahead next month meeting prime minister yasuhiro nakasone president reagan u wants satisfied sword shown business said analyst edwards jardine fleming securities ltd tokyo analysts cautioned although japanese producers cut output boosting imports key u withdrawal sanctions difficult u low end consumer ic integrated circuits japanese need consumer products well supplied said richard may senior analyst barclays de zoete wedd ltd tokyo u leads production medium high end ic japanese makers keen develop high end production analysts said japanese must prepared trade losses semiconductors return free access areas said edwards spokesman hitachi ltd hit said firm reduced output dynamic random access memory k dram unrelated miti efforts ward trade sanctions decreased production natural result company increasing output one mln bit dram said company officials unveiled following plans nec corp japan largest plans slash production k dram semiconductors pct six mln per month monthly average mln last quarter year beginning april nec boost chip imports comprised pct nec chip consumption year hitachi ltd hit april output k dram fall pct four mln compared mln march company trying boost imports set specific target imports currently low toshiba corp tsba reduce april k dram production pct four mln considering ways boost imports company official said toshiba agreement inc n sell u firm chips japan firms planning joint venture production memory chips northern japan mitsubishi electric corp trim second quarter output pct mln mln chips compared first quarter plans call increased imports official said boosting imports difficult depends sales demand fujitsu ltd itsu cut production accord miti guidelines boost imports currently low levels oki electric industry co ltd reduce april production pct march mln oki studying ways increase imports pct fiscal year beginning april previous year total five billion yen company official said reuter
bp grangemouth refinery shut hydrocracker damaged entire british petroleum co plc refinery grangemouth shut following explosion fire severely damaged hydrocracker site refinery spokesman said said rest bpd refinery including bpd catalytic whole refinery closed pending enquiries decision reopen main units taken next couple days said extensive damage central part bpd hydrocracker heavy oil products gasoline operation months spokesman said bp suffer supply shortages result explosion able bring product sources bp bpd refinery rotterdam bpd unit west germany bpd plant france smaller swedish plant said explosion fire one worker killed occurred hydrocracker operation refinery whole operating half capacity since end january extensive overhaul carried north side complex hydrocracker said work scheduled completed mid april assessed following hydrocracker accident two people killed explosion fire line grangemouth refinery march spokesman said incident yards latest accident reuter
international pact damage likely international protocol severely limit use industrial chemicals believed damage earth protective could signed year officials scientists said end year international protocol place u environmental protection agency officer bill long told reporters chemicals chiefly used refrigeration making foam plastics earth upper harmful sun officials scientists meeting tokyo ahead international conference problem later month either vienna geneva long said robert program manager problems u national space administration said protocol demand initial freeze use industry followed gradual reduction volume gases released air said u already use use japan asked voluntary restraint still use industrial processes reuter
paradise fruit co inc year net shr cts vs cts net vs sales mln vs mln note year net cts shr loss investment tax credits reuter
mr co rd qtr dec shr loss cts vs profit eight cts net loss mln vs profit revs mln vs mln nine months shr loss cts vs profit cts net loss mln vs profit mln revs mln vs mln reuter
analyst says dart group likely bidder supermarkets general
deutsche babcock increase dividend deutsche babcock ag f increase dividend results year ending september chief executive helmut wiehn said wiehn told news conference deutsche babcock would double absolute amount distributes shareholders overall increase would also due partly increase nominal share capital mln marks mln marks higher dividend anticipated deutsche babcock said past raise capital make lasting improvement dividend reuter
swiss industrial output rises fourth swiss industrial output rose nine pct fourth quarter last year four pct third quarter decline three pct final three months federal office industry trade labour said full year index base stood four pct recorded previous year incoming orders gained four pct quarter five pct third quarter fall one pct year earlier level full year gained one pct order backlog fell eight pct third straight quarterly decline ended three pct year earlier level reuter
iraq says iranian oil network attacked said warplanes attacked pipeline network oil pumped iran main oil terminal kharg island northern gulf large numbers warplanes attacked installations pipelines pump oil kharg island turning setting military spokesman said give exact location area attacked terminal iranian gulf coast miles northeast kharg island attacked least times since august reuter
canada january trade surplus mln dlrs december mln dlrs surplus
bristol myers bmy reviewing scimed merger scimed life systems inc said bristol myers co pending lawsuit brought scimed advanced cardiovascular systems inc determine whether consummate previously announced plans merge scimed company said served suit minneapolis march day announced definitive merger agreement bristol myers scimed said suit alleges scimed advanced cardiovascular patents without merit reuter
u falls mln dlrs march week feb billion billion
cont l illinois says brazil moratorium could cut st qtr net mln dlrs
products inc year oper net oper shr cts vs cts oper net vs revs mln vs mln note excludes loss mln dlrs dlrs shr vs gain dlrs cts discontinued operations also excludes extraordinary gain equal cts shr ended dec ended nov company changed fiscal year end dec reuter
great american gains mln loans great american first savings bank said bank recorded gains exceeding mln dlrs sales loans mortgage securities valued billion dlrs san diego based bank said prepared release report analysts gains included mln dlrs arbitrage profits premium paid separation interest principal components new federal national mortgage association strip securities bank said reported profit mln dlrs transaction involving mln dlrs securities including arbitrage gain great american recently announced plans acquire capital savings bank wash last year acquired home federal savings loan association ariz los angeles federal savings bank resulted new offices three billion dlrs assets bank also said plans expand major western banking markets considering acquisition colorado reuter
suffield financial corp raises quarterly qtly div five cts vs three cts prior pay april record march reuter
alleghney international ag faces added count alleghney international inc said existing lawsuits opposing sale requested amendment complaint include class action count alleghney said suit filed u district court western district pennsylvania aimed blocking sale alleghney affiliate first boston inc said additional count sought alleges price offered ai common stock dlrs grossly unfair one purposes proposed sale individual defendants liability lawsuit additional count among forms relief requests injunction defendants taking steps accomplish proposed sale alleghney said reuter
home savings bank hmsb sets initial dividend qtly div nine cts pay april record april six reuter
national westminster bank said cutting base rate pct pct
plough mulls dr sale plough corp said considering sale dr businesses europe latin america far east sales mln dlrs company said transaction expected material impact earnings said engaged merrill lynch co inc mer assist sale process said retain dr businesses u canada puerto rico sales mln dlrs last year reuter
national computer systems inc th qtr net shr cts vs cts net vs revs mln vs mln avg shrs mln vs mln year shr cts vs cts net vs revs mln vs mln avg shrs mln vs mln reuter
spartech reverse stock split approved spartech corp said shareholders annual meeting approved reverse stock split common stock one five basis company said split necessary preparation offering mln dlrs convertible subordinated debentures expected made soon kidder peabody co said new common stock begin trading april symbol separately spartech said board appointed bradley president said lawrence powers remains chairman prior promotion executive vice president chief operating officer retain duties chief operating officer reuter
u senate panel could consider trade measure u senate agriculture committee may take bill tomorrow would strengthen activities u agricultural trade teams selected developing countries committee staff said measure sponsored committee chairman patrick sen john would establish trade teams six nine persons drawn federal agencies private voluntary organizations staff said trade would seek generate interest u government food commercial programs section export credit export enhancement upon return required advocate extension concessional commercial benefits interested countries trade teams would made representatives u agriculture department state department agency international development private voluntary organizations u wheat associates bill would require teams within six months visit seven countries mexico philippines indonesia india bangladesh nigeria within one year passage measure another eight countries would visited peru kenya dominican republic costa rica malaysia venezuela morocco countries could added list senate staff members said bill still drafting stages broad support expected approved committee tomorrow reuter
group inc nd qtr jan loss shr loss nine cts vs profit cts net loss vs profit revs vs six mths shr profit nine cts vs profit cts net profit vs profit revs vs note includes tax loss carryforward gains dlrs vs dlrs quarter gains dlrs vs dlrs six months reuter
harper row hpr options bids harper row publishers inc said board directors decided take action two takeover bids company received instead appointed committee independent directors study strategic alternatives year old firm alternatives include continuation company existing business plans possible business combinations sales stock restructuring sale part company kidder peabody co inc retained advise alternatives harper row added private investor theodore cross last week offered dlrs share harper row rival bid dlrs share another publishing firm harcourt brace jovanovich inc hbj considering two offers meeting friday harper row board decided act directors unanimously expressed strong desire preserve company independence take advantage considerable future prospects according director winthrop knowlton former chief executive chairman newly established independent committee however given significant current interest company also feel carefully review options available committee consider facts alternatives intend make careful informed decision proceed conclusion knowlton said pending harper row board postponed indefinitely special meeting stockholders scheduled april discuss proposal company stock create two classes shares different voting rights reuter
grease monkey gets rejects merger offer grease monkey holding corp said received rejected unsolicited merger offer lube international inc lube company said proposal involved exchange grease monkey common stock combination lube securities estimated current value substantially grease monkey current market price said disclosed details reuter
dollar seen falling unless japan economy underlying dollar sentiment bearish operators may push currency new low unless japan takes steps stimulate economy pledged paris accord foreign exchange analysts polled reuters said dollar expected try yen fall even level senior dealer one leading bank said dollar eased week remains stable around yen six major industrial countries agreed meeting paris february foster currency stability dealers said dollar may decline long term drastic fall unlikely u fears renewed inflation fears reduced japanese purchases u treasury securities needed finance u deficit dealers generally doubted whether economic package japan could adopt soon would effective enough reduce trade surplus significantly said measures would probably u steps weaken dollar paris accord tokyo promised package measures fiscal budget passed boost domestic demand increase imports cut trade surplus debate budget delayed opposition boycott parliamentary business proposed imposition five pct sales tax government slim chance producing meaningful economic package near future dealers said steps taken protectionist sentiment u congress grow putting greater downward pressure dollar said factors affecting u currency changed since paris accord added underlying sentiment dollar remains bearish due still sluggish u economic outlook international debt crisis triggered brazil unilateral suspension interest payments foreign debts reduced reagan administration result iran arms scandal said senior dealer leading trust bank possibility dollar may decline around yen end year said chemical bank tokyo branch vice president operators find hard push dollar either way fear possible concerted central bank intervention dealers said widespread rumours u federal reserve banks new york ask quotes last wednesday even intervened sell dollar rose marks bank england also apparently sold sterling london dlrs wednesday said dealers said doubted central bank intervention saying may stimulate dollar decline many dealers likely dollar buying intervention chance sell dollars however first national bank chicago tokyo branch assistant manager said dollar show drastic movement least end march dealers said u seems unwilling see strong dollar swing japanese companies close books fiscal year ending march weak dollar would give japanese institutional investors paper losses foreign holdings could make lose interest purchases u treasury securities u monetary officials may refrain making comments month avoid rates said reuter
economic spotlight japan chipmakers japanese microchip makers strong armed compliance u japan pact semiconductors halting pricing opening japan market foreign chips industry analysts said doubts remain whether ministry international trade industry miti pressuring firms successfully battle market forces whether u industry geared take advantage space said u threats scrap agreement signed last september pushed miti try harder get japanese chipmakers abide pact analysts said miti moving hot heavy throughout industry get things done said bache securities japan associate vice president peter last month miti told chipmakers cut production january march period pct help dry chips japan grey markets subject pact price controls ministry also asked electronics firms provide distributors certificates authorised exporters effort close grey chips japan market analysts said u trade negotiators last week said pact continued dumping non american markets little sign increased foreign sales japan major japanese firms appear agreed production cuts several analysts said last week nec corp said would cut production line miti request nec aggressive resisting miti demands said david keller analyst james capel co nec cuts production means still pressures remain keep production high japanese firms need high output cut unit prices u sales commerce department pact best way lower cost produce said salomon brothers asia ltd analyst preparations possible upturn demand could also spur higher production next quarter merrill lynch analyst said grey may also able new restrictions industry officials said like tax schemes said head japan k k soon close one route another opens miti pressure makers earlier miti guidance getting like said one analysts said output cuts could help making easier increase prices planned april forcing firms stop extending market share selling loss going start running businesses like businesses bache said miti also conducting highly public campaign urging chip users buy foreign made chips u industry officials said response mixed best change across board said one u spokesman companies varying degree urgency ultimate impact efforts miti troubled u industry remains doubt analysts added pressure cut production dram dynamic random access memory chips could merely speed transition one chips japan leads analysts said whether u firms able stage memory chips interested also remains unclear said analysts watching interest fate new u consortium hopes challenge japan developing advanced technology microchip manufacturing even area access much depends u commitment well japanese said u semiconductor industry association even office source close industry said could question committed addition industry analysts question effectiveness bilateral agreement leaves third country chipmakers south korea south korea gaining market share said one analyst real winners agreement reuter
midway airlines sets holder rights plan midway airlines inc frequently mentioned acquisition target said declared shareholder rights plan holders get dividend one preferred share purchase right outstanding share common stock right exercisable entitle holder purchase one one share series c junior participating preferred stock dlrs rights intended assure holders receive fair treatment event takeover company said response known effort acquire control rights exercisable days person group buys pct company common announces tender offer would result acquisition pct common midway redeem rights two cts time prior days acquisition person pct common said midway acquired right entitle purchase number acquiring company common shares market value time twice right exercise price dividend payable holders record april six expire years later april reuter
german money supply growth slows february west germany money supply growth slowed february january sharp rise trend still definitely upward bundesbank said statement growth traditionally broad aggregate moderate february cash circulation deposits statutory withdrawal notice sight deposits grew sharply short term time deposits fell expanding unusually strongly january six months february excludes holdings german non banks abroad grew seasonally adjusted annual rate pct six months january compared february rose pct six months february excludes time deposits statutory withdrawal notice rose seasonally adjusted annual rate pct consists cash sight deposits rose seven pct international transactions non banks led significant inflow funds bundesbank said net claims commercial banks bundesbank foreigners foreign payments increased billion marks february little changed january rise contrast january effect inflow domestic credit demand expansionary effect money growth bundesbank said outstanding bank credits companies private individuals remained virtually unchanged february sharp drop short term company credits reflected foreign funds inflow balanced moderate rise long term credits sharp rise credits securities end february total bank credits private sector pct february level effect public authority cash movements money supply slightly bundesbank said although banks acquired large amounts public authority paper public authorities drew book credits commercial banks bundesbank capital formation strengthened february slowed money supply growth larger extent january total billion marks long term funds placed banks billion previous month reuter
bat sees strong performance sectors strong performance bat industries plc l major sectors enabled group pretax profits pass one billion stg level third year running chairman patrick sheehy said statement group earlier reported pct rise profits billion sheehy said achieved without help exchange rate fluctuations acquisitions good results achieved fifth retailing wiggins appleton paper tobacco accounted pct profit four pct gain mln stg two pct increase world volume results largely line analysts expectations bat shares firmed two pence p gmt bat said u brown unit held gains increased profit pct dollar terms financial services saw profits double mln eagle star allied achieving growth allied reported pct rise life annual premiums mln stg bat said increased new business pct last nine months relatively slow first quarter permanent health insurance market leader unit trust group second largest u k eagle star general premiums rose pct billion life activities also grew pct better underwriting results second half cash flow strong gross debt equity ratio dropped pct pct net ratio pct left group strongly placed pursue development profits paper pulp grew pct mln stg nearly three times level wiggins sales rising pct pass one billion stg bat said sold stores u mln dlrs sold securities mln stg reuter
international th qtr shr profit nine cts vs loss cts net profit vs loss sales mln vs mln year shr profit dlrs vs loss cts net profit mln vs loss sales mln vs mln note net periods includes dlr provision plant closing net includes gains sale west los angeles real estate dlrs quarter dlrs year year net includes gains sale west los angeles real estate dlrs reuter
corrected gaf corp offers dlrs share cash borg warner correcting amount
japan business decline seen extended decline japan overall business performance likely bottom current january march quarter finance ministry said improved corporate earnings better prospects stability yen made companies optimistic said carrying quarterly survey survey conducted february based returned large small firms sectors except finance insurance industries survey said overall corporate earnings expected turn positive estimated pct year year increase second half fiscal ending march pct decrease first half corporate earnings grow first half fiscal rising estimated pct added manufacturers earnings hit hard yen steady rise dollar rise pct first half fiscal falling pct second half fiscal said overall earnings non manufacturing companies rise pct year year first half fiscal growing pct second half fiscal survey said said figure profits firms electric power gas companies benefitted yen appreciation reuter
owens minor inc raises qtly dividend qtly div cts vs cts prior pay march record march reuter
canadians urge exemption u trade bill group canadian lawmakers ontario today asked u counterparts exempt canada mandatory trade retaliation provisions major trade bill considered u congress meeting northeast midwest coalition organization u legislators david cooke chairman ontario parliament select committee economic affairs said exemption would help trade relations trade legislation considered full house late april would require president reagan retaliate foreign unfair trade practices unless trade actions would harm u economy currently reagan reject trade sanctions grounds cooke member liberal party told u congressmen understand trade bill think concerns parts world would suggest best concerns canada consider country bill added canada united states largest trading partner two way trade billion dlrs according coalition u ran billion dlr deficit manufactured goods year compared billion dlr surplus services trade reuter
hi port industries inc th qtr net oper shr cts vs eight cts oper net vs revs vs mths oper shr cts vs cts oper net vs revs mln vs mln note yr figures excludes extraordinary item dlrs cts per share termination non pension plan yr figures excludes dlrs cts per share representing insurance proceeds fire reuter
general devices inc year net shr profit cts vs loss cts net profit vs loss revs mln vs mln note net includes pretax gain dlrs sale worldwide computer services inc subsidiary dlr tax credit reuter
acceleration cuts stake united coasts acceleration corp said sold pct stake common stock united coasts corp sheet metal workers national pension fund company said agreed sell fund additional pct hartford conn based united fund receives approval director insurance state arizona company said today sale reduced holdings united pct second sale completed lower stake pct acceleration said company said proceeds sales roughly equal dlrs originally invested united coasts late even though retain pct stake acceleration said plans include gains stock sales results first second quarters reuter
sheldahl votes three two stock split sheldahl inc said directors approved three two stock split payable april record april reuter
group inc th qtr net oper shr profit cts vs loss four cts oper net profit vs loss revs mln dlrs vs drs mths oper shr profit cts vs loss cts oper net profit vs loss revs mln vs mln dlrs note qtr year excludes investment gains respectively qtr year includes investment gains dlrs reuter
hudson bay sell wholesale unit hudson bay co said signed letter intent sell hudson bay wholesale unit private investment group terms disclosed company said normal paul member private investment group head hudson bay wholesale management unit existing management group headed also participate ownership company said without elaborating wholesale unit major distributor tobacco products wholesale branches canada sales mln dlrs hudson bay said sale unit part program concentrate financial management resources core business department stores real estate reuter
john butler co nd qtr feb net shr cts vs cts net vs sales vs six mths shr cts vs cts net vs sales mln vs mln reuter
u leading index fell pct january u index leading indicators fell seasonally adjusted pct january revised pct december gain commerce department said department previously said index rose pct december decline january biggest month since july index fell pct january decrease left index base led fall contracts orders plant equipment total six indicators available january contributed decline besides contracts orders plant equipment building permits manufacturers new orders consumer goods change sensitive materials prices slower deliveries higher average weekly claims state unemployment insurance four indicators positive including stock prices new business formation average work week money supply main factor december upward revision new business formation revision pct increase leading indicators index november index indicators measures current economy fell pct january increases pct december pct november index lagging indicators measures past economic activity rose pct january decrease pct december increase pct november reuter
scott instruments gets qualified audit scott instruments corp said independent public accountants qualified report scott financial statements weak financial condition report indicates realization company assets dependent obtaining enough working capital finance operations additional funds meet liabilities among things factors indicate company may unable continue existence earlier scott reported loss mln dlrs compared loss almost mln dlrs total assets nearly mln dlrs year end mln dlrs prior year reuter
computer microfilm corp year net shr cts vs cts net vs revs vs note share adjusted five pct stock dividend reuter
telxon sees slightly higher th qtr net telxon corp said expects per share earnings fourth quarter ending march cts cts revenues mln dlrs mln dlrs year ago quarter company earned cts share adjusted three two stock split revenues mln dlrs company said made earnings estimate response analysts forecasts said called per share earnings cts cts revenues mln dlrs mln dlrs reuter
inc year net oper shr profit eight cts vs loss eight cts oper net profit vs loss sales mln vs mln note net excludes losses discontinued operations dlrs vs dlrs net excludes tax credits dlrs net includes gain dlrs taxes reuter
u feb industrial production rose pct u industrial production rose pct february revised pct increase january federal reserve board said fed previously said industrial production rose pct january fed said february gain dominated sharp rise motor vehicle production boosted output consumer goods business equipment industrial production stood pct average february pct year ago fed said fed also revised december industrial production figure gain pct pct originally reported manufacturing output rose pct february pct increase january included gains pct durables pct non durables fed said manufacturing pct year ago level production auto rose annual rate mln units last month january rate mln units output consumer goods rose pct falling pct january output consumer durables pct february falling pct january business equipment production rose pct february reflecting output autos trucks business use recovery strikes farm equipment industries fed said mining output rose pct pct increase january still six pct lower year ago utilities output rose pct february pct rise january output defense space equipment pct january pct higher year ago output construction supplies rose pct february pct january rise materials output increased pct last month fourth consecutive monthly increase declining throughout much recent strength materials concentrated textiles paper chemicals fed said output home goods pct february fed said production items like appliances furniture continued strong last month reuter
corp mas regular dividend set qtly div nine cts vs nine cts previously pay may record april reuter
u wine exports rose per cent last year exports american wine rose per cent last year total million gallons wine institute said san francisco based promotional group said per cent exported wine california top three markets canada japan britain japan edged britain leading importer american wines continued second place canadian imports rose per cent million gallons japan per cent million gallons britain per cent gallons spokesman institute said declining value dollar strong promotional efforts part california wine industry contributed significantly increased shipments wine exports valued mln dlrs mln dlrs previous year reuter
public service enterprise peg two months net period ends february shr cts vs cts net mln vs mln revs mln vs mln year shr dlrs vs dlrs net mln vs mln revs billion vs billion note full name public service enterprise group inc reuter
fabrics inc cis nd qtr oper net ended march one oper shr cts vs cts oper net vs revs mln vs mln six mths oper shr cts vs cts oper net vs revs mln vs mln note excludes net gain dlrs cts shr current qtr six mths disposal discontinued operations year ago excludes loss dlrs three cts qtr dlrs seven cts six mths discontinued operations reuter
japan pay five pct less indian iron ore japan pay five pct less indian iron ore imports fiscal starting april average dlrs tonne paid government trade official told reuters said india agreed export japan mln tonnes iron ore current year official described agreement satisfactory overall said signed official indian trade delegation japanese businessmen tokyo last week official said encouraging japan agreed reduce ore imports india although japan total iron ore imports would lower coming year recession japanese steel industry said japanese ore imports calendar would total mln tonnes compared mln government officials said india total ore exports likely rise mln tonnes provisionally estimated mln reuter
petrobras asks army withdraw troops brazil state oil company petrobras asked army withdraw troops oil installations since tuesday petrobras said statement statement said request withdrawal troops made refineries request also due end seamen strike willingness oil industry workers sit negotiating table statement said even though petrobras statement said seamen strike union spokesman said two small shipping companies reached pay agreement majority brazil seamen remained strike statement said meeting petrobras oil industry leaders set next wednesday rio presence labour minister almir pazzionotto petrobras said request withdrawal troops made local hours gmt company spokesman said know troops already removed reuter
u chipmakers urge sanctions japan semiconductor industry association urged u government impose trade sanctions japan violating u japan semiconductor trade agreement letter treasury secretary james baker group said sanctions imposed japanese chipmakers april continue u satisfied full compliance agreement group said action japan cut back semiconductor exports required america interests require agreements u industries bear burden persistent unwillingness inability government japan deliver commitments trade group said white house economic policy council expected discuss possible sanctions japan meeting scheduled thursday trade group said japan lived terms agreement last year aimed ending japanese dumping semiconductors opening japanese markets foreign based manufacturers reuter
inc th qtr net shr one ct vs two cts net vs sales vs year shr four cts vs cts net vs sales vs note net includes tax credits dlrs vs dlrs quarter credit dlrs vs provision dlrs year reuter
campbell red lake mines ltd crk qtly div qtly div canadian cts vs canadian cts prior pay may record april reuter
bank england intervene money market bank england said operate money market morning initially bank forecast shortage mln stg market today overnight interbank sterling traded pct level morning period rates eased strength sterling dealers said gmt sterling trade weighted index reuter
trico gets chinese contract trico industries inc said received six mln dlr contract supply hydraulic lift equipment heavy crude oil production chinese ministry petroleum industry company said equipment use oilfield miles northeast peking well program reuter
fairfax says higher tax hits first half earnings media group john fairfax ltd said flat first half net profit partly reflected impact changes australian tax system fairfax earlier reported net earnings edged pct mln dlrs weeks ended december mln year earlier although pre tax profit rose pct mln mln net would risen pct increase company tax pct imposition tax benefits paid employers company said statement fairfax also pointed downturn revenue growth television industry another reason flat first half earnings said considered result satisfactory view factors fairfax said sydney morning herald melbourne age boosted advertising volume australian financial review posted extremely satisfactory magazines also performed strongly pct rise television costs pct rise revenue said fairfax said fall net interest also contributed net earnings group borrowings reduced following receipt mln dlr capital dividend australian associated press pty ltd sale b shares reuters holdings plc l accounted mln dlr extraordinary profit fairfax said early predict results full year increased borrowings recent mln dlr acquisition seven television station melbourne hit earnings channel sydney brisbane produce offsetting cost savings reuter
fed says sets billion dlrs customer repurchase agreements
empire carolina inc th qtr net shr cts vs cts net dlrs vs dlrs revs mln dlrs vs mln dlrs mths shr dlrs vs cts net dlrs vs dlrs revs mln dlrs vs mln dlrs note empire investment corp reported equity method beginning fourth qtr amounts first three qtrs restated reflect retroactive application pct debentures dlrs preferred stock redeemed converted resulting common shares outstanding december compared common shares outstanding december reuter
advanced institutional aims cuts workforce advanced institutional management software inc said cut workforce closed atlanta office cut expenses improve profitability company said also process reducing office space four six offices nationwide advanced also said named executive vice president steven b sheppard chief operating officer company said president chief executive officer morris chief operating officer well reuter
hre properties hre cuts quarterly hre properties said board cut quarterly dividend cts per share cts payable april holders record march hre said board reduced dividend due continuing impact office building markets inability replace income high yielding investments hre said first quarter ended january earned cts per share cts year reuter
taiwan foreign goods import curbs taiwan said would soon relax import controls foreign items including books effort allow trading partners especially u greater access markets taiwan announced easing import curbs farm industrial products last month council economic planning development spokesman told reuters said new move intended balance trade taiwan trading partners island trade surplus reached record billion u dlrs last year billion january taiwan cut import tariffs foreign products allowed imports u wine beer cigarettes hope measures help reduce trade surplus year especially u spokesman said washington pressing taiwan open markets wider way cutting trade deficit island rose billion u dlrs first two months billion year earlier period reuter
foreign investment australia last qtr net inflow foreign investment australia jumped billion dlrs fourth quarter billion third quarter billion year earlier statistics bureau said bureau attributed increase turnaround billion dlrs official sector transactions billion turnaround direct investment turnaround official transactions billion inflow mln outflow third quarter mln inflow year earlier largely account government foreign currency borrowings said direct investment recorded turnaround billion dlr inflow fourth quarter mln withdrawal third quarter mln inflow fourth quarter bureau said said major part turnaround reflected injection funds estimated around mln dlrs associated previously reported restructuring australian operations general motors corp gm gm used funds pay take certain australian liabilities local unit general motors holden ltd said however net borrowings remained major part total inflow accounting billion dlrs fourth quarter billion third quarter billion year earlier bureau said net official borrowings comprised billion dlrs net outflow mln third quarter mln inflow year earlier total private semi public authority net borrowings rose billion dlrs billion third quarter billion year earlier reuter
energy development ltd sets payout qtly div cts vs cts prior pay may record march reuter
ec commission given plan save steel industry european community steelmakers presented executive commission controversial plan future industry diplomats say may forced accept plan steel output would remain subject restrictive quotas imports would firmly controlled years come steel firms undertook massive operation adjust capacity lower demand industry commissioner karl heinz narjes proposed ending quota system december proposed return free market ec law supposed exist except times crisis diplomats said ministers meet discuss idea march argue steel firms crisis countries orders falling customers switch alternative products accounts firmly red ministers ec major steel producing countries likely away narjes proposals could back industry plan instead hope political impact plant closures said industry sources said plan presented narjes ec steelmakers lobby group eurofer would retain quota production system least end eurofer said statement consultants working identified scope closing plants voluntary basis reduce capacity mln tonnes year cuts still insufficient one production area hot rolled talks needed eurofer added industry would need support commission governments carrying closure program particularly social costs redundancy payments ec steel industry already shed jobs decade reducing annual capacity mln tonnes reuter
inc nd qtr ended feb shr two cts vs cts net vs revs mln vs mln six mths shr cts vs cts net vs revs mln vs mln note nd qtr six mths ended march one reuter
fed approves amsouth affiliation amsouth corp said federal reserve board approved affiliation first tuskaloosa corp amsouth approval final regulatory step affiliation process began august amsouth said terms affiliation first tuskaloosa shareholder receive dlrs value amsouth stock share held total consideration valued mln dlrs reuter
houston oil royalty trust payout lower mthly div cts vs cts prior pay march record march reuter
armtek arm completes sale assets armtek corp formerly armstrong rubber co completed previously announced sale miss tire plant assets condere corp condere said condere formed acquire armstrong assets said named dennis formerly vice president controller armstrong tire division president reuter
u senate leaders see trade war brewing senate democratic republican leaders praised president reagan japan violating accord cold water ideas first shot trade war senate democratic leader robert byrd republican leader bob told senate reagan decision long overdue urged japan open markets u goods stop dumping world markets noted separate saw trade war issue despite concerns financial markets fear basis fact byrd said reuter
australia sells tonnes sugar ussr australia sold tonnes raw sugar soviet union shipment next weeks queensland primary industries minister harper said loading tonne cargo soviet shipment completed today terminal said statement balance shipped mackay end march harper said australia exported tonnes sugar soviet union reuter
treasury baker says cooperation working treasury secretary james baker said agreement paris cooperate exchange rate changes showed process coordination agreed tokyo summit working told house appropriations committee meeting demonstrated process working noted industrial surplus countries committed strengthen growth prospects deficit countries agreed reduce domestic imbalances baker said part japan announced cut discount rate pct committed prepare comprehensive economic program stimulate domestic demand completes action current budget said united states must also share pressing reductions federal budget deficit spending cuts must continue oppose protectionist pressures added reuter
treasury secretary baker declines comment g u treasury secretary james baker declined comment february paris accord six major industrial nations agreed foster exchange rate stability asked reporters speech national fitness foundation currency intervention levels set paris baker replied never talk intervention baker also declined comment views foreign exchange markets reaction accord reuter
bank boston expects st qtr earnings cts dlrs shr vs cts
global raises heavy fuels prices global petroleum corp said today raised posted cargo prices number six fuel new york harbor cts dlrs barrel effective today increase brings prices one pct sulphur dlrs cts two pct sulphur dlrs one dlr pct sulphur dlrs pct sulphur dlrs dlrs said prices pct pct sulphur fuels unchanged dlrs respectively company said reuter
precambrian shield resources ltd year loss shr loss dlrs vs profit cts net loss vs profit revs mln vs mln note shr net include dlr writedown u operations uneconomic coal operations mineral properties reuter
correction two brazil shipping firms settle today sao paulo story headlined two brazilian shipping firms settle strikers please read second offer companies global flumar instead offer companies flumar corrects name first company reuter
corp america st qtr jan net shr cts vs cts net vs sales vs reuter
japan carefully considering money policy sumita bank japan governor satoshi sumita said central bank carefully consider monetary policy light recent sharp fall dollar asked bank japan consider cut discount rate said thinks bank carefully consider future money policy told lower house budget committee parliament credit conditions eased five discount rate cuts japan since beginning last year japan must especially careful inflation money supply growth accelerating said sumita said central bank would continue make judgement monetary policies watching consumer prices exchange rates economic financial conditions outside japan asked september plaza agreement failure dollar fallen far sumita said still thought pact good one sense corrected dollar plaza accord set target dollar fall said dollar steep fall stems market belief trade imbalance continue expand said reuter
supermarkets general corp sgl th qtr jan oper shr cts vs cts oper net mln vs mln sales billion vs billion avg shrs mln vs mln year oper shr dlrs vs dlrs oper net mln vs mln sales billion vs billion avg shrs mln vs mln notes sales continuing operations operating net excludes results discontinued operations nil vs profit dlrs eight cts share quarter loss dlrs one cent share vs profit dlrs five cts share year latest year operating net also excludes loss dlrs four cts share disposal discontinued department store segment share data adjusted reflect two one stock split paid holders record august operating net includes pre tax lifo credit dlrs vs credit mln dlrs quarter charge mln dlrs vs charge mln dlrs year reuter
philippine trade secretary pleased gatt talks philippine secretary trade industry jose concepcion two days ago expressed doubts agreements produced international said pleased latest gathering concepcion told reuters interview informal general agreement tariffs trade gatt meeting gave ministers nations chance examine issues gatt political deal also role developing countries emphasised particular meeting perception developing countries gatt club rich countries added interview reuters fact many issues tabled discussion uruguay round trade negotiations benefit developed countries said concepcion said start meeting uruguay round meant act faith world trade system concepcion said philippines would address issues trade tropical fruit improvement gatt machinery make responsive said tropical fruit came developing countries faced non tariff barriers restrictions high duties nations concepcion named japan south korea said would go talks new zealand surplus trade philippines encourage switch imports countries noted new zealand bought ecuador reuter
bhp net seen around mln dlrs nine months australia largest company broken hill pty co ltd brkn bhp expected report net profit around mln mln dlrs tomorrow first nine months ended february share analysts polled reuters said would well mln dlrs earned first three quarters full year ended may group earned record mln dlrs analysts estimated group would report third quarter net region mln mln dlrs mln year earlier mln second quarter bhp earnings first half ended november amounted mln dlrs sharply mln year earlier analysts predicted bhp report upturn petroleum earnings compared first quarter reflecting improvement crude oil prices bass strait fields gains would offset lower mineral steel earnings said mineral group hit lower coal prices shipments japan steel division affected industrial production problems analysts noted third quarter normally bhp lowest earning period owing number seasonal factors predicted sharp rise fourth quarter net around mln dlrs one key factor fourth quarter expected tax break mln dlrs investment allowance capital expenditure steel division said said saw bhp full year earnings around mln mln dlrs added decline would surprise noting bhp said would difficult equal record net profit reuter
citibank follows u k base rate cut pct citibank na said cut british base lending rate pct pct effect tomorrow move follows similar cuts four major british clearing banks led national westminster bank plc nwbl l lower rates signalled bank england morning attempt curb recent upward pressure pound market sources said reuter
first national bank boston raises prime first national bank boston main banking unit bank boston said raising prime lending rate pct pct effective immediately reuter
indiana federal th qtr net net vs year net vs note company full name indiana federal savings loan association per share information available bank went public february reuter
comdata cdn accepts new welsh carson bid comdata network inc said entered definitive agreement merge company formed welsh carson anderson iv either dlrs cash dlrs cash unit securities per comdata share company said unit securities would consist common shares new company three dlrs principal amount new company pct subordinated debentures due said dlr cash alternative improvement dlr per share price contemplated agreement principle welsh carson announced march five comdata said cash securities subject welsh carson affiliated investors owning least pct stock new company company said investment bankers drexel burnham lambert inc alex brown sons inc absb found proposal fair financial point view said transaction subject approval shareholders welsh carson obtaining mln dlrs debt financing comdata said may terminate agreement financing arranged april three thursday first financial management corp ffmc offered acquire comdata dlrs per share stock cash subject approval comdata board first financial proposal comdata holders would receive four dlrs per share cash could receive stock comdata originally planned recapitalization would repurchased six mln common shares dlrs reuter
chevron chv nippon oil form joint venture chevron corp said chevron u inc unit tokyo based nippon oil co ltd agreed conduct joint venture oil exploration development program selected chevron united states onshore offshore exploratory wells drilled agreement chevron operator project pay costs company said said nippon contribute initial investment mln dlrs japanese government also participate venture providing financing nippon japanese oil corp chevron said said drilling begin second quarter properties located california colorado kansas oklahoma mississippi montana north dakota texas utah wyoming along federal continental shelf leases offshore southern california gulf mexico chevron said reuter
u k money market given mln stg help bank england said gave money market mln stg assistance afternoon session takes bank total help far today mln stg compares upwards revised estimate shortage system around mln stg central bank bought bank bills outright comprising mln stg band one pct mln stg band two pct reuter
measurex sells south african unit measurex corp said completed sale measurex south africa pty subsidiary group employees manage operation measurex maker computer integrated manufacturing systems said subsidiary represented less one pct worldwide revenues sale impact year earnings reuter
sumita says bank intervene necessary bank japan governor satoshi sumita said statement central bank intervene foreign exchange markets stabilise exchange rates necessary close cooperation major industrial nations sumita said bank take adequate measures including market intervention necessary line february paris agreement six major industrial nations canada britain france japan u west germany agreed cooperate stabilising exchange rates around current levels sumita statement issued dollar slipped yen hit record low inevitable exchange rates fluctuate system floating rates sumita said fact dollar plunged yen mean anything significant floating system said six nations agreed paris exchange rates prevailing broadly consistent underlying economic fundamentals substantial rate shifts could damage growth adjustment prospects countries paris statement said reuter
u k reserves show underlying rise february britain gold currency reserves showed underlying rise mln dlrs february mln dlrs rise january treasury said underlying trend guide bank england operations support pound foreign exchanges net borrowings repayments market expectations mln dlrs rise treasury said bank england used opportunity strong demand rebuild reserves losses last autumn said underlying rise still relatively modest actual reserves rose mln dlrs february billion dlrs rising mln january billion accruals borrowings exchange cover scheme mln dlrs last month mln january repayments mln dlrs previous mln treasury spokesman said capital repayments totalled two mln dlrs january capital repayments totalled mln dlrs valuation change resulted fall mln dlrs due quarterly european monetary cooperation fund swap treasury would comment bank england market operations currency traders reported moderate bank england intervention curb upward pressure pound today treasury spokesman commenting reserves figures said government want sterling either rise far fall substantially current levels noted chancellor exchequer nigel lawson stressed recent paris currencies meeting reuter
gold inc rd qtr dec net shr profit cts vs loss two cts net profit vs loss revs vs nine mths shr profit cts vs loss cts net profit vs loss revs mln vs mln reuter
sara lee buy pct dim sara lee corp said agreed buy pct interest paris based dim subsidiary cost mln dlrs dim manufacturer sales mln dlrs investment includes purchase newly issued dim shares valued mln dlrs loan mln dlrs said loan convertible additional dim shares noted proposed agreement subject approval french government said reuter
bull bear group inc year end dec shr loss cts vs profit cts net loss vs profit revs vs reuter
getty petroleum year net shr dlrs vs dlrs qtly div four cts vs four cts prior net mln vs mln revs mln vs billion avg shrs mln vs mln note cash dividend payable april holders record april shr figures adjusted five pct stock dividend declared march reuter
campbell resources ups meston lake stake campbell resources inc said raised voting stake meston lake resources inc pct pct acquisition another meston lake shares previously reported takeover bid campbell bid expired march offered cts cash campbell shares meston share shares one year said mln meston shares tendered offer held stockholders including quebec la societe de de la james mln shares reuter
gencorp sell los angeles television station walt disney co
john labatt ltd rd qtr shr diluted cts vs cts
mercury entertainment sees better results mercury entertainment corp said expects improved results company today reported loss year ended november dlrs revenues dlrs compared loss dlrs revenues dlrs year reuter
talking point purolator courier corp pcc purolator courier corp stock rose former purolator director would find new suitor company traders said purolator agreed late february dlr share mln dlr offer e f hutton lbo inc certain members purolator courier division management stock today hit one today purolator revealed filing securities exchange commission director gardner resigned board directors letter dated march letter gardner said resigned board merger agreement hutton barred directors soliciting new offers believes shareholders might get better deal gardner said believes better offer might found company would agree sold entity could sell part u courier division basically courier division company mln dlrs revenues large company sold mln dlrs said gardner telephone interview reuters gardner official management firm associated fidelity international ltd group fidelity companies owns eight pct purolator gardner said personally owns shares purolator official said company comment letter gardner arbitragers speculated another overnight service may emerge likely bidder purolator transaction hutton lbo announced analysts also speculated another courier company would likely suitor one arbitrager acknowledged fact may new bidders said possibility one could appear pushed stock play shortage possibilities question management willingness let process continue said one arbitrager arbitragers said new buyer might found believe hutton lbo taken risk transaction hutton begun tender pct purolator dlrs cash per share balance purolator stock bought securities warrants new company holding u courier operations arbitragers said tender offer documents show hutton need use cash transaction emerge giant majority equity interest purolator far tell public documents deal table hutton basically putting zero one always situation like always like think deal risk someone else world could higher said one arbitrager firm however supplying temporary financing sources close transaction disputed claim firm end paying equity position one scenario mentioned tender offer document note e f hutton group subsidiary may keep cash transaction sources said risk firm variety contingencies restricted cash things make speculative said one sources adding also severance payments employees e f hutton group subsidiary supplying mln dlrs called bridge financing transaction bridge financing temporary loan hutton financing replaced permanent financing expected come banks however may take time replace financing source said resulting could substantial expense firm gardner said hutton stands gain fees mln dlrs transaction sources close transaction said fees low end scale complex transaction basically happens put money fees investment might merger takes place gardner said reuter
ltd year net shr cts vs dlrs net mln vs mln revs mln vs mln reuter
bank montreal lowers credit card rate bank montreal said reduce interest rate charges outstanding balances pct pct beginning july bank said continue policy charging annual fee transaction fees credit card holders reuter
national convenience rd qtr loss national convenience stores inc said expects report loss third quarter ending march due continued poor sales texas especially houston last year third quarter national convenience earned dlrs eight cts per share including gain dlrs sale stores another operator said results also included earnings gasoline operations dlrs cts per share caused unusually high gross margins gasoline sales cts per gallon caused rapidly falling oil prices national convenience said third quarter usually weak due winter weather reuter
hk hotels takeover speculation price hongkong shanghai hotels ltd hk stock soared speculation takeover battle major shareholders kadoorie family evergo industrial enterprise ltd hk group stock brokers said noted heavy buying hk hotel shares announcement evergo china entertainment land investment co ltd unit bought pct hk hotels firm deputy chairman david billion dlrs stock rose h k dlrs dlrs today thomas evergo executive director declined comment whether group seeking stake hk hotels told reuters group hold pct stake bought long term investment said evergo attracted underlying strength hk hotels analysts said evergo may looking possible peninsula hotel one asia best known hotels another site hong kong island owned hk hotels lai sun co ltd yesterday said acquired pct stake hk hotels mln dlrs denied link china entertainment lai sun acquisitions hk hotels stake purely said analysts certain saying evergo group reputation corporate raider may team lai sun takeover also denied contact kadoorie family analysts estimate pct hk hotels michael kadoorie chairman hk hotels said two representatives evergo nominated hk hotels board source close kadoorie family said family considered far analysts said would difficult evergo kadoorie family cooperate different management evergo may want split hotel management property developments hk hotels strategy may fit conservative kadoorie family said analyst asked named another analyst noted price hk hotels distorted takeover talks net asset value worth dlrs share offers evergo lai sun dlrs share though well current trading price trading suspended today shares lai sun evergo china entertainment group associate chinese estates ltd chinese estates lost cents dlrs yesterday china entertainment five dlrs evergo one cents lai sun gained cents dlrs reuter
treasury baker concerned bond declines treasury secretary james baker asked whether concerned decline bond prices said questioned reporters left house committee hearing baker said asked bond decline adding reflection concern possibility trade war markets think would adverse consequences trade war said administration concerned protectionism would lead international trade problems adding thought action japanese still consistent policy reuter
gatt meeting african debt relief debt among african countries continue grow economies remain unless developed countries lower interest rates nigerian trade minister said today told informal meeting general agreement tariffs trade widening gap industrialized developing countries unfair international economic system major obstacles growth developing countries wish emphasize growth volume external indebtedness african countries reflects full effect monetary trade policies developed market economy countries said delegates countries attending talks world trade body new zealand resort reuter
february u retail sales sign upturn u retailers posted stronger expected sales february enough prompt analysts change expectations sluggish sales growth first half feeling february borrowed business normally see later quarter real strength general merchandise sales second half said bear stearns co analyst think march strong easter falls april year said morgan stanley analyst walter analysts generally average sales results march april account easter analyst edward johnson johnson associates said sales february rose six pct compared pct increase last year analysts noted february considered small month winter spring addition sales comparisons boosted especially soft february last year adversely affected severe weather apparel sales product groups sales according retailers analysts february strong sales reflected lot fresh merchandise higher consumer income due tax reductions said bear stearns analysts expect apparel sales remain good sales durable items grow due continuing high levels consumer debt may department stores co may k mart corp km among strong posting comparable store sales gains pct pct respectively may overall sales gain pct k mart pct sales gain last month favorable consumer response merchandise programs continued impact sales comparisons addition strong contribution k mart stores specialty retailing companies excellent february sales said k mart chairman bernard sears roebuck co posted pct increase domestic sales led better average increases apparel home fashions hardware especially strong catalog sales said sears chairman edward brennan analysts little disappointed j c penney co inc jcp started especially strong sales early month penney posted pct increase store basis pct gain overall sales penney chairman william howell said store sales strongest early part month catalog demand consistently strong throughout period store sales activity throughout country ranging good east weak depressed southwest analysts also said gross profit margins high retailers overly promotional due inventories year ago february big month seasonally numbers suggest fairly good trend consumer spending said drexel burnham lambert analyst edelman february sales major u retailers store pct sears bill bill k mart bill bill wal mart mln mln penney mln mln federated mln mln may mln mln dayton hudson mln mln zayre mln mln montgomery ward mln mln reuter
florida public splits stock ups div florida public utilities co said board declared three two stock split common stock said holders record april receive one additional share may one two shares held company also said raised dividend common stock two cts cts share pre split basis dividend payable april one holders record march reuter
taiwan issues certificates deposit central bank issued billion dlrs worth certificates deposit cds boosting cd issues far year billion bank spokesman told reuters new cds maturities six months one year two years carry interest rates ranging pct pct said issues intended help curb growth b money supply grown result increasing foreign exchange reserves reserves hit record billion u dlrs last month reuter
corp th qtr jan loss shr loss eight cts vs loss cts net loss vs los revs mln vs mln year shr loss cts vs loss cts net loss vs loss revs mln vs mln reuter
quaker state mln dlr credit quaker state oil refining corp said signed mln dlr revolving credit term loan agreement group six banks mellon bank n agent four year arrangement additional four year term loan amortization agreement quaker said quaker said credit line used finance expansion plans quaker total capital spending program expected exceed mln dlrs said company capital spending totaled mln dlrs quaker also said costs new store new product introductions depress earnings first half first half quaker reported net income mln dlrs sales mln dlrs first two months quaker opened new stores said expects add lube fast service centers cost mln dlrs company said optimistic recover second half report higher earnings full year fiscal company reported net income mln dlrs sales mln dlrs reuter
upland minerals acquires brazil mining firm upland minerals chemicals corp said agreed acquire consolidated brazilian mines international inc public company one mln acres diamond gold properties brazil terms disclosed consolidated owns mining concessions three regions eastern northern brazil antonio company said upland also said previously announced acquisition mining corp minas brazil mining concern produce revenues mln dlrs year next years new york based upland traded counter reuter
dart group raises supermarkets general sgl bid dart group corp said raised offer acquire supermarkets general corp dlrs cash three dlrs exchangeable preferred stock per supermarkets general share dlrs per share cash company said would also willing negotiate plan supermarkets general board supermarkets general shareholders would common stock interest combined company said remains willing negotiate terms proposed acquisition original bid worth billion dlrs dart said preferred stock new bid would exchangeable new class supermarkets general debt securities would developed dart supermarkets new proposal would subject approval supermarkets general board said new bid contained letter supermarkets general board n j supermarkets general responding previous letter board dart said conduct indicates us transaction involving trust confidence entered panic board dart previous letter alleged supermarkets general executives seeking millions dollar severance tax payments dart reuter
brazil anti inflation plan anniversary inflation plan initially home abroad economy towards first anniversary amid soaring prices widespread shortages foreign payments crisis announced last february plan prices fixed value new cruzado currency ended widespread economy bid halt country pct inflation rate within year plan collapsed situation worse although inflation least economy worked leading bank economist said plan accompanied dramatic reversal foreign trade account brazil annual trade surpluses sufficient cover billion dlrs needed service billion dlr foreign debt first nine months seemed target repeat monthly surpluses averaging one billion dlrs exports diverted imports increased avoid domestic shortages trade surplus plunged mln dlrs october since averaged mln reuter
morgan jpm places brazil loans j p morgan co inc parent morgan guaranty trust co new york said place billion dlrs medium long term loans brazil non accrual basis similar action bankamerica corp bac earlier today move follows brazil suspension interest payments billion dlrs commercial bank debt february expected reduce first quarter net income mln dlrs four mln dlrs represents interest accrued prior still bank said morgan earned mln dlrs first quarter morgan also said based current interest rates assuming cash interest payments received rest year net income would reduced mln dlrs net income mln dlrs although u banks put loans days past due morgan said loans affected brazil payment freeze may reach day limit second third quarters morgan said assumes talks brazil commercial bank lenders proceed interest payments resume earliest date reuter
newmont mining nem plans stock split newmont mining corp board proposed two one stock split subject shareholder approval increase mln mln authorized common shares proxy company annual meeting said holdings voting may six meeting wilmington del approve increase authorized shares split paid form stock dividend june holders record may proxy said newmont said also ask shareholders approve amendments certificate incorporation limiting certain liabilities directors reuter
lilly sell elizabeth arden unit lilly co said board decided sell elizabeth arden inc wholly owned subsidiary manufactures markets cosmetics fine fragrance products said business sales mln dlrs acquired sales last year mln dlrs pct operating profits mln dlrs lilly said retained morgan stanley co help evaluate offers lilly said expects use tax proceeds sale cosmetics business general corporate purposes including repurchase time time common stock warrants open market statement lilly chairman richard wood said strategic decision reached basis belief future corporation resources including research activities focused business high technology life sciences reuter
acquires assets business aviation inc said acquired assets business aviation inc falls undisclosed amount stock said expects sell planes next year said management also lease intensive care units hospitals government metropolitan leasing wholly owned subsidiary reuter
harris properties reports earnings harris properties inc reported fourth quarter fiscal earnings per share cts earnings dlrs realty investment trust company started operations august comparable figures said reuter
inc year jan loss oper shr loss cts vs profit eight cts oper net loss vs profit revs mln vs mln note net excludes extraordinary gain mln dlrs cts shr settlement provision discontinued operations vs yr ago tax gain dlrs three cts shr reuter
good sell unit union camp products inc said entered agreement sell j p b myers packaging business union camp corp focus consumer products automated distribution system businesses terms agreement disclosed reuter
laroche drops condition neco offer investor david f laroche said decided drop condition tender offer shares neco enterprises inc dlrs least shares tendered said extended expiration offer april march said neco shares tendered laroche said may obtain short term loan one mln dlrs amoskeag bank help finance purchase shares offer bearing interest nine pct reuter
science accessories corp st qtr net qtr ends jan shr two cts vs two cts net vs revs vs reuter
gros denies court action brazil central bank president francisco gros denied rumours foreign creditors filed court actions brazil seek payment billion dlr debt court action brazil gros said television interview brazil last month suspended interest payments billion dlr debt commercial banks yesterday suggested extension short term credit lines days may media reports said banks rated small among brazil creditors filed lawsuits decision suspend interest payments gros said negotiations commercial creditors would start within two weeks finance minister attend council meetings international monetary fund imf washington brazil facing issue carefully seeking negotiation give country space grow growth able meet commitments gros said reuter
british compound feed production detailed feed concentrates produced britain five weeks ended january totalled tonnes tonnes produced period ministry agriculture figures show however cattle feed output largest single component pct tonnes tonnes feed tonnes versus poultry feed compared smaller components included total showed increases reuter
sea stores inc th qtr dec loss shr loss cts vs loss dlrs net loss vs loss revs mln vs mln year shr loss dlrs vs loss cts net loss vs loss revs mln vs mln reuter
ic gas makes recommendation offer imperial continental gas association l ic gas said board making recommendation partial tender p per share announced sa groupe lambert sa time however board would recommend general offer shares price p statement added shareholders whether tender either consortium rival p per share partial offer shv holdings nv consult professional advisers reuter
industries inc th qtr net shr profit cts vs profit cts net profit vs profit sales mln vs mln year shr profit dlrs vs loss dlrs net profit vs loss sales mln vs mln reuter
sierra health services inc th qtr loss shr loss cts vs profit six cts net loss vs profit revs mln vs mln year shr loss dlrs vs profit cts net loss vs profit revs mln vs mln reuter
fine foods acquires channel foods fine foods inc canadian company minority owned hillsdown holdings plc london acquired channel foods ltd england producer fish products hillsdown said privately held sold three mln stg company said reuter
lennar completes acquisition lennar corp said completed previously announced acquisition development corp america dca consequently said american stock exchange suspended trading development corp common stock pct subordinated debentures due pct subordinated debentures due lennar said debentures continue traded counter reuter
swissair net mln swiss franc vs mln div francs vs
vtx electronics corp vtx th qtr net shr cts vs cts net vs sales vs avg shrs vs year shr cts vs cts net vs sales mln vs mln avg shrs vs note share adjusted five four stock split declared today reuter
lucky stores inc quarterly div qtly div cts vs nil pay april record march note quarters th qtr dividend cts reuter
kansas city southern merger response kansas city southern industries inc said attempt santa fe southern pacific co sfx reopen proposed merger santa fe railway co southern pacific transportation co offers nothing new letter shippers kansas city chairman stated proposed merger anti competitive found icc urged department justice nothing changed said kansas city southern continuing efforts acquire transportation operation santa fe railway reuter
e f hutton efh starts purolator pcc bid e f hutton group inc said started previously announced offer purchase common shares purolator courier corp dlrs newspaper advertisement company said offer proration period rights expire april one unless extended offer conditioned receipt least purolator shares pct interest first step merger agreement approved purolator board hutton said reserves right buy shares present intention said may waive condition least shares tendered long received least pct interest receive fewer shares said would purchase consent purolator reuter
american medical international inc ami payout qtly div cts vs cts prior qtr payable may one record april reuter
transworld liquidating distribute transworld corp liquidating trust said expects make initial distribution beneficiaries valued dlrs per unit proceeds sale hilton international co value distribution assumes yesterday closing price ual common stock dlrs per share earlier ual announced completed purchase hilton international co mln dlrs cash mln shares ual inc common stock total value sale mln dlrs transworld said pursuant sale ual exercised option substitute cash mln dlrs debentures shares common stock transworld liquidating said unit beneficial interest trust allocated shares ual common stock aggregate value distribution mln dlrs balance cash trust held trust april used satisfy liabilities obligations trust satisfaction liabilities obligations trust would make second distribution beneficiaries remaining cash april trading beneficial interests listed new york stock exchange cease today order receive distribution beneficiaries must certificates representing beneficial interests trust formed year end facilitate sale hilton international reuter
u k money market shortage forecast mln stg bank england said forecast shortage around mln stg money market today among factors affecting liquidity said bills maturing official hands treasury bill take would drain around billion stg target bankers balances would take mln fall note circulation would add mln stg net effect exchequer transactions would inflow mln stg bank added reuter
inc th qtr jan net shr cts vs cts net vs revs mln vs mln year shr cts vs cts net vs revs mln vs mln avg shrs vs note fiscal year ended feb reuter
bank new york bk gain unit sale bank new york co said management rmj securities corp agreed sell pct interests rmj holding corp british commonwealth holdings plc bank new york expects realize substantial gain transaction rmj holding holding company rmj securities large broker u government securities agency obligations bank new york owns majority interest rmj holding management rmj securities remainder bank new york said sale expected completed second quarter said rmj securities management continue pct rmj holding agreement provides sale remaining interest british commonwealth next six years reuter
berry petroleum norris oil merge berry petroleum co said board norris oil co board approved merger agreement calls norris become wholly owned berry subsidiary berry privately owned company already owns pct norris oil stock said agreement calls norris public shareholders receive berry common shares norris share held reuter
att philips bid cgct outlined american telephone telegraph co philips telecommunications apt would hold pct direct indirect holdings france cie generale de constructions telephoniques joint bid french partners soon privatised firm succeeds director one partner firms said marc societe de telecommunications sat told journalists bid foresaw direct stake pct apt joint firm set u att n nv philips pglo pct would owned holding company made sat apt cie du pa five mutual funds french law foreign investors restricted pct direct stake privatised companies boost stake pct indirect holdings make holding company however subject close discussions within government due legal queries mutual funds finance ministry official said although bought french citizens managed foreign banks morgan guaranty trust co new york banque de schlumberger sa controlled bank nederland nv sat spokesman said cgct controls pct french public telephone switching market sold government mln francs private tender five groups bidding company government said choose cgct new owner end april apt vice president told news conference capital increase envisaged sat apt wins cgct declined give details say increase would affect foreign stakes cgct cgct posted losses mln francs sales three billion losses mln francs joint sat apt statement added buyers committed investing mln francs cgct research production plants apt sat offer includes provision cgct produce apt switching technology adapt french standards tender launched draft agreement att take cgct abandoned following introduction french government privatisation laws reopened bidding among wider range take cgct include west germany siemens ag sieg f allied schneider sa pa subsidiary jeumont schneider sweden ab ericsson eric st allied pa sa pa italy canada northern telecom ltd reuter
guinness starts court action saunders guinness plc guin l said started court proceedings former chairman chief executive saunders non executive director thomas ward recovery mln stg money paid ward via marketing acquisition consultants ltd jersey guinness said earlier would propose resolution annual meeting may remove saunders ward directors company earlier month lawyers ward told jersey court ward saw payment services last year takeover battle distillers co plc guinness said men breached fiduciary duty payment saunders resigned executive positions guinness january government enquiry share dealings battle distillers retained position board spokesman guinness immediately available comment statement reuter
chrysler says amc holders get chrysler stock worth four dlrs share buyout plan
canada retail sales fall pct january canada retail sales seasonally adjusted fell pct january gaining pct december statistics canada said retail sales fell billion dlrs billion dlrs december unadjusted sales pct higher january january automobile sales fell pct department store sales slipped pct variety stores sales plunged pct declines offset pct increase grocery store sales pct gain hardware sales reuter
michigan national corp votes dividend qtly div cts vs cts prior qtr pay april record april reuter
mortgage growth investors st qtr feb shr cts vs cts net vs qtly div cts vs cts prior avg shrs vs note dividend payable april shareholders record march reuter
unit reports pct profit growth dutch bank f van n v co owned national westminster plc nwbl l b said net profit rose pct mln guilders pct higher balance sheet total billion van subsidiary van b v britain national westminster bank plc dutch cooperative bank nederland b pct stake commercial union dutch insurance unit delta lloyd n v pct stake van lowered risk provisions mln guilders
corp th qtr oper net loss oper shr loss cts vs loss cts oper net loss vs loss revs mln vs mln year oper shr profit cts vs profit cts oper net profit vs profit revs mln vs mln note th qtr year oper net excludes loss dlrs discontinued operations gain dlrs dlrs extraordinary item th qtr year oper net excludes loss dlrs dlrs respectively discontinued operations loss dlrs gain dlrs respectively extraordinary item reuter
soviet firm says talks philippine mine preliminary talks two state owned philippine banks soviet metal trading equipment sales company mining industrial corp nmic operates philippines nickel refinery soviet official said g deputy trade minister soviet embassy told reuters report earlier week asked philippine government whether could help operate nmic incorrect way round said said development bank philippines philippine national bank pnb nmic approached soviet state owned firm august last year studied question asked banks field area help project said said reply yet nmic talks initial nmic president arthur company officials available comment manila banking sources said situation serious nmic set pnb august two banks assets mining industrial corp billion peso obligation bankers said nmic recently filed securities exchange commission sec placing company suspension debt payments order protect threats business day newspaper said latest credits extended nmic include mln dlr loan chemical bank lead agent newspaper said another mln dlr loan lead managed citicorp said government privatisation program listed nmic price least mln dlrs adding foreign investors wary taking ailing nickel firm bankers said nmic currently burdened debts least billion pesos facing civil lawsuits major creditors business bulletin newspaper said firm assets totalling billion pesos pnb firm estimated billion pesos nmic operated plant southern philippines since march workers struck demanding payment salaries delayed firm financial difficulties firm produced tonnes nickel first two months compared tonnes period mine capacity tonnes month reuter
miyazawa says dollar yen counter paris accord
jordan agree oil exploration project two year project search oil gas jordan agreed jordan natural resources authority canadian company international assistance corporation mln dlr assistance agreement signed jordan minister energy hisham al chairman peter canadian government corporation providing assistance countries like jordan reduce dependence oil imports said reuter
harper row hpr options bids harper row publishers inc said board directors decided take action two takeover bids company received instead appointed committee independent directors study strategic alternatives year old firm alternatives include continuation company existing business plans possible business combinations sales stock restructuring sale part company kidder peabody co inc retained advise alternatives harper row added private investor theodore cross last week offered dlrs share harper row rival bid dlrs share another publishing firm harcourt brace jovanovich inc hbj carefully considering two offers meeting friday row board decided act directors unanimously expressed strong desire preserve company independence take advantage considerable future prospects according director winthrop knowlton former chief executive chairman newly established independent committee however given significant current interest company also feel carefully review options available committee consider facts alternatives intend make careful informed decision proceed conclusion knowlton said pending harper row board postponed indefinitely special meeting stockholders scheduled april discuss proposal company stock order create two classes shares different rights reuter
u home february realtors say national association realtors said sales previously owned homes rose six pct february january levels seasonally adjusted annual rate mln units realtors group said sales rise apparent across country reflected lower mortgage interest rates well housing demand actual homes february totaled pct january total association said reuter
crude oil netbacks u mediterranean crude oil netback values complex refineries rose slightly u mediterranean last friday previous week lower elsewhere according calculations reuters pipeline soft tone refining margins reflects large worldwide stocks petroleum products trading activity traders said u gulf sweet crudes rose value much cts barrel west texas intermediate increase pct previous friday sour crudes alaska north slope one pct mediterranean netback values cts cts barrel arab light cts barrel dlrs pct increase previous friday cts barrel dlrs pct increase netbacks crude oil refined northern europe generally lower brent valued dlrs cts previous friday bonny light cts dlrs barrel refinery netbacks singapore also lower heavier sour crudes arab heavy dropped cts dlrs barrel dubai cts dlrs u west coast however netback values cif l weaker weak gasoline prices sending yield plants cts dlrs previous friday shown dlrs barrel mediterranean region also showed netback values rising last friday previous week largest gains shown es heavier crude oil cts barrel last friday dlrs dlrs barrel respectively netback values mediterranean region shown dlrs barrel grade mar mar feb es arab light iran kuwait cif netbacks northern europe refinery region lower last friday previous week brent falling pct dlrs barrel netbacks grades oil refined northern europe shown dlrs barrel mar mar feb brent bonny light arab light cif refinery netbacks singapore also lower heavier sour crudes arab heavy dropped cts dlrs barrel dubai cts dlrs netbacks grades oil refined singapore shown dlrs barrel grade mar mar feb arab light oman dubai arab heavy reuter
herrington says may recommend tax benefits u oil industry
american variety international inc nine mths march end shr loss seven cts vs loss cts net loss vs profit revs vs reuter
cronus industries inc th qtr loss oper shr loss cts vs loss cts oper net loss vs loss revs mln vs mln mths oper shr loss cts vs loss cts oper net loss vs loss revs mln vs mln note excludes income discontinued operations vs qtr mln vs year excludes extraordinary charge current qtr year reuter
u makes conciliatory move rubber pact talks u dropped insistence floor price new international natural rubber agreement inra revised downward certain circumstances conference sources said surprise conciliatory move u meets one producers main concerns floor price lower indicative price remain unchanged said clear however whether consuming countries follow suit number particular britain west germany belgium appeared strong reservations sources added group consumers seeking adjustment lower indicative price set malaysian singapore cents kilo present pact buffer stock currently tonnes rises tonnes sources said question extent price adjustments automatic remains problem conference chairman manaspas xuto thailand holding consultations producers consumers throughout day consumers group holding separate meeting ahead consultations within president group tonight reuter
study predicts u dependence foreign oil government study concluded u dependent oil middle east next century must take steps reduce new york times said newspaper said inter agency government study found serious oil dependency problem due steadily falling domestic production rising demand imported oil study concluded u relying foreign countries pct oil peak pct reached far pct rate arab oil u imports pct oil needs pct year ago new york times said said recommendations sent white house energy secretary john include financial incentives raise domestic oil production one mln barrels day current mln barrels newspaper said administration placed increased emphasis oil reserves said view held strategic petroleum reserve times shortages increased barrels day rather called budget newspaper said may propose restoring depletion allowance major producers administration also plans renew efforts repeal windfall profits tax remove bars drilling continental shelf repeal law limits use natural gas industrial utility added new york times quoted senator oklahoma saying study greatly potential u demand imported oil next decade amount domestic oil would produced reuter
waste management says prepared raise bid chemlawn dlrs share
amc amo studying chrysler c proposal american motors corp said studying proposed merger chrysler corp american motors said received letter chrysler corp advising us proposal enter merger transaction american motors corp brief statement company said studying proposal comment appropriate reuter
brazil trade surplus doubled february brazil trade surplus doubled february mln dlrs january mln well mln dlrs february last year official figures show director banco brasil foreign trade department cacex fendt told reporters upturn february confirmed rising trend exports totalled billion dlrs billion january excluding coffee oil slightly month last year coffee earnings mln dlrs mln february lower prices added fendt said although february results lower average expected rest year government target eight billion dlr surplus achieved would compare surplus billion dlrs exports year expected total billion dlrs imports billion added exports totalled billion dlrs imports billion fendt said rise imports february billion dlrs billion february last year line government plans foster economic growth fendt said imports running levels well traditional average brazil imports first two months year excluding oil wheat totalled billion dlrs billion period rise reflected industry need equipment raise production perfectly compatible government program economic growth fendt added reuter
midland bank said cutting base rate pct pct
corrected insituform north america inc th qtr shr nine cts vs four cts net vs revs vs avg shrs vs year oper shr cts vs cts oper net vs revs mln vs avg shrs vs note year net excludes dlr tax credit corrects march item exclude tax credit reuter
hudson bay mining cuts u canada zinc prices hudson bay mining smelting co ltd said cut prices grades zinc sold north america one u cent pound one canadian cent pound effective immediately new price high grade zinc u cents canadian cents pound company said special high grade prime western continuous grade controlled lead costs u cents canadian cents pound new price continuous grade controlled lead aluminum additions u cents canadian cents pound reuter
department stores th qtr net ended jan shr one ct vs cts net vs revs mln vs mln year shr cts vs cts net vs revs mln vs mln note full name department stores inc reuter
versatile sell unit versatile corp said agreed principle sell alberta based versatile co division inc ontario undisclosed terms division manufactures equipment reuter
inc qtr jan loss shr loss cts vs loss cts net loss vs loss revs mln vs reuter
mobil plans open office peking mobil oil corp u plans open office peking develop oil exploration opportunities china china daily said quoted mobil president richard tucker currently peking saying optimistic investment prospects china peking continue encourage foreign private businesses invest said mobil bought mln dlrs crude oil oil products china sold fertiliser gave details reuter
oil prices rise saudi effort crude oil prices rallied today moving dlrs barrel saudi arabia determined effort support prices analysts said saudis opec nations market hoping restore confidence prices without another meeting said sanford margoshes oil analyst shearson lehman brothers inc opec woods yet due seasonal declines demand cheating added oil industry analysts said saudi arabia led attempt get opec members resist pressures discount official prices agreed last december analysts said get others hold line saudi arabia pushed hard meeting deputy oil ministers gulf cooperation council last weekend cooperation council oil ministers meeting previous week saudis also offered support members difficulty selling oil analysts said trying make sure one discounts prevent appears saudi arabia opec member allocate oil sales help members lose sales margoshes said added allocations would probably form loans repaid nations resume sales analysts said would useful keeping line nations like qatar trouble selling oil also likely assistance would provided nigeria pressure extend discounts analysts said saudi arabia assistance opec president rilwanu lukman trying avoid emergency opec meeting fear would give december pact falling apart daniel oil analyst smith barney upham harris co said physical futures markets took small spark bring short covering rally believes iranian trade mission tokyo refused discounts japanese buyers brought japanese refiners market cover short positions oil traders said one japanese refiner came market cargoes may dubai sent prices mideast dubai trading dlrs trading low dlrs north sea crude oil market traders said persistent rumors today japanese buyers looking pick cargoes brent japan european trade sources rumors vessels fixed make shipments north sea brent today rose dlrs trades reported high dlrs one dlr opec members producing quotas sparked moves cover short indonesian oil minister subroto said today opec production mln bpd quota agreed last december gave details opec production claims least one mln bpd level production probably quota level largely saudi arabia discount sell oil result margoshes said analysts mixed opinions extent current rally believe prices continue rise saudi arabia opec hold steady refusal discount others said despite rally today still several fundamental factors including demand could cut rally short marion stewart petroleum economist said slow growth economies u oecd would keep demand oil slack estimates demand rise pct reuter
financial services payout qtly div cts vs cts prior pay april record march note financial services corp reuter
rpt u says tin disposals affect accord u tin disposals little effect agreement reached last weekend tin producing countries limit group exports tonnes year started march government official said agreement seven member association tin producing countries atpc aimed cut world surplus boost prices following accord atpc chairman subroto appealed united states restrict tin releases strategic stockpile think u government large influence tin market stage game said thomas director international commodities state department last year united states released tonnes tin two firms reuter
investor acquires pct joint venture controlled dallas investor said acquired shares pct common stock inc filing securities exchange commission concern comprises associates associates ii said bought stake dlrs may buy shares said bought shares investment purposes reuter
first financial ffmc stock split first financial management corp said board declared three two stock split common stock split effected pct stock dividend shareholders record march distributed april six reuter
monfort colorado inc nd qtr net qtr ended feb shr dlrs vs dlrs net vs revs mln vs mln six mths shr dlrs vs dlrs net mln vs mln revs mln vs mln reuter
viacom said new national amusements mcv holdings bids
u home sees best first qtr since u home corp said first quarter ending march profitable first quarter since company said recorded profit dlrs first quarter three following first quarters resulted losses dlrs dlrs dlrs respectively company said u home declined put specific figure net earnings would coming first quarter said would definitely record profit news u home said shareholders approved amendment company certificate incorporation relating liability company directors reuter
mercury entertainment corp year nov shr loss four cts vs loss one ct net loss vs loss revs vs reuter
first interstate seeks acquisition less two months first interstate bancorp withdrew bold attempt buy bankamerica corp chairman joseph pinola still looking good buy also looking ways avoid bought wide ranging interview pinola said looking ways improve profitability capital resist potential look us maintain independence possible federal regulatory changes allow major east coast banks buy banks california first interstate fourth largest california bank largest nationwide owns banks western states franchise operations four additional states bank industry sources say attractive target large u foreign banks looking quickly move california market west coast region declining specifics corporate strategy asked acquisitions part plan pinola replied undoubtedly fair statement would almost think pinola characterized acquisition strategy said look banks management trouble get bargain add management restore profitability banks states first interstate already operates cut costs combining resources exception said would texas said banks already well managed might purchased discount depressed regional economy pinola declined comment circumstances might move bid bankamerica saying continue monitor look lot things lot people continue monitor look us banking analysts however consider another first interstate bid bankamerica long shot likely happen time soon pinola called decision last month withdraw billion dlr bid nation second largest bank difficult decision decision made however acknowledged first interstate may difficult time keeping number four position california banking community competition state tough said noting recent purchase financial service branches sears roebuck company moving rapidly move us fifth wells fargo fourth said outside california pinola acknowledged security pacific corp recent acquisitions arizona washington oregon quickly becoming regional competitor areas first interstate long dominated security continues highly profitable obviously well managed company said added however first interstate moment advantages owned managed regional banks longer recognition advantage given regional banks common name pinola said coastal state banks good financial condition first interstate continues sustain serious loan losses rocky mountain states energy real estate agriculture economy asked thought loan losses areas peaked said think think problems real estate related real estate problems going us several years pinola said another failing economic sector agriculture midwest slowed expansion first interstate franchise operation first interstate franchise banks offer first interstate financial services ten states year ago considering taking franchise operation east mississippi river pinola said franchise banks west expansion midwest must come first calling franchise system moderately profitable pinola said going take agriculture sector us commence speed generating last year two banking industry general pinola said thinks another bad year loan losses banks minimal holdings real estate able improve profits reuter
china first joint venture bank reports profit china first joint venture bank xiamen international bank reported group net profit mln hong kong dlrs bank first full year operation general manager liu declined give profit forecast saying targets study assistant general manager wang said group outstanding loans end totalled mln hong kong dlrs mln end deposits interbank borrowings rose mln dlrs mln told reuters liu said group profit came parent company rather two wholly owned subsidiaries xiamen international finance co ltd hong kong international bank ltd joint venture bank began operating september officially open march liu said share joint venture foreign partner hong kong listed holdings ltd cut last year pct pct done foreign banks felt reputation would improved three chinese partners collectively held majority stake said liu said news reports problems concerning unfounded elaborate holdings reported loss mln hong kong dlrs net profit dlrs chinese partners industrial commercial bank china fujian branch whose share rose pct fujian investment enterprise corporation pct xiamen construction development corporation pct one foreign banker said xiamen international bank faced problems foreign bank branches trying compete terms state owned banks foreign banking market xiamen almost added officials joint venture bank said benefitted contacts made three chinese partners foreign banker asked named said faced internal competition industrial commercial bank apart xiamen international bank international agricultural development bank planned world bank state owned agricultural bank china xiamen eight foreign bank branches representative offices mostly hong kong overseas chinese banks reuter
u first time jobless claims rose week new applications unemployment insurance benefits rose seasonally adjusted week ended march prior week labor department said number people actually receiving benefits regular state programs totaled week ended march latest period figure available previous week reuter
swedish match ab st year profit net financial items mln crowns vs mln sales billion crowns vs billion proposed dividend crowns vs crowns reuter
technology inc year loss shr loss cts net loss revs note net includes dlr write tied board production co st fl yr operation reuter
soviets said see new floor grain output intensive technology concept grain production put new floor ussr grain production u agriculture department officer moscow said field report report quoting broadcast radio moscow said due intensive technology grain production bad year fall mln tonnes good year grain production could reach mln tonnes u agriculture department currently forecasts year ussr crop mln tonnes realized would third year since soviet union grain harvest exceeded mln tonnes largest crop since mln tonnes harvested according usda data reuter
ico talks coffee quotas resume talks coffee export quotas international coffee organization ico special council session resume gmt today following last minute decision taken early morning extend meeting hours ico officials said member contact group meet midday examine new ideas full council gmt said extension resulted last ditch effort colombia salvage talks late yesterday looked close ending without agreement quotas delegates said reuter
nv br year consolidated group net profit billion francs vs billion net financial operating profit billion vs mln extraordinary earnings mln vs mln net dividend francs vs reuter
kuwait says opec mln bpd ceiling kuwaiti oil minister sheikh ali al khalifa al sabah said opec producing well oil output ceiling would help prices move higher according kuwaiti newspaper interview al rai al newspaper quoted saying opec pumping mln barrels per day bpd less mln bpd ceiling consumers drawing petroleum stocks rate mln bpd long opec maintains output curbs demand oil rise april may sheikh ali said adding kuwait strongly committed opec quota reuter
sri lanka bud rubber trees sri lanka rubber trees two years old affected leaf disease head government rubber research institute told reuters de mel said affected trees less two years old would base clone close possible base cutting top tree bud taken base trees mature later causing output loss estimated kilos per hectare sixth year begin producing acres planted high yielding ric variety clone acres affected disease causes leaves fall de mel said sri lanka acres planted rubber trees de mel said disease early middle august september became widespread institute conducting survey determine many trees base healthy trees remain p head government rubber controller department monitors industry told reuters replanting base would undertaken late may rains begin de mel said clones identified ric ric ric ric ric ric burned procedures undertaken foreign clones rrim said clones would replaced pb rrim ric ric six varieties would also used replace trees base de mel said said planters would receive rupees per hectare replanting plants would free charge compensation contemplated moment added de mel said drought sri lanka helped control spread disease drought stopped disease probably helped way trees affected areas dry said brokers said disease affected prices caused drop production prices best latex crepe colombo auction last week firmed rupees per kilo rupees previous sale reuter
kodak ek cut polyester fiber operations eastman kodak co said reduce capacity employment levels two polyester fiber operations eastman chemicals division company spokesman said company take writeoff connection action first quarter probably writeoff second quarter writeoffs cover costs plants equipment involved well expenses connected staff cuts kodak said division discontinue production polyester partially oriented carolina eastman co plant columbia c idle mln pounds older polyester fiber production capacity mostly columbia company said jobs affected columbia performed contract workers jobs tennessee eastman co plant tenn kodak said part staff reduction achieved enhanced voluntary separation retirement plan employees carolina eastman eastman chemical products inc kodak units except defense corp workforce reduction expected completed april kodak said depressed prices poor financial performance led decision said mln pounds production shut result business kodak production carolina eastman since last year company said annual capacity production polyester fiber reduced mln pounds mln due lesser demand said proceed previous decision phase new mln pound fiber plant carolina eastman carolina eastman employs units affected company spokesman later said charges impact earnings estimates reuter
hecla buys stake creek venture hecla mining co said agreed buy pct stake creek joint venture minerals inc unit british petroleum plc bp bp north america inc unit creek venture engaged final project engineering gold silver lead zinc ore body island miles southwest alaska hecla said estimates total investment project including share production costs mln dlrs reuter
zondervan corp th qtr net shr profit nil vs profit cts net profit vs profit revs mln vs mln mths shr profit cts vs loss three cts net profit vs loss revs mln vs mln reuter
quaker oats oat sells unit keystone quaker oats co said sold vernell fine inc unit privately held keystone partners inc undisclosed price company said sales around mln dlrs year ended august quaker oats acquired august purchased golden grain co reuter
fitness distribution deal fitness inc said named exclusive florida distributor version frozen tofutti tofutti brands inc replacing pillsbury co psy reuter
canadian oil companies raise crude prices petro canada state owned oil company said raised contract price pay crude oil canadian cts barrel effective march six petro canada posted price benchmark light sweet grade edmonton swann hills api gravity stands canadian dlrs bbl light sour grade posted canadian dlrs bbl earlier today shell canada shc said raised crude postings canadian cts bbl bringing edmonton light sweet canadian dlrs bbl light sour crude canadian dlrs bbl imperial oil imo pct owned subsidiary exxon corp said effective march five also raised light sweet crude posting canadian dlrs bbl reuter
canada southern petroleum ltd nd qtr loss period ended december shr loss one ct vs profit two cts net loss vs profit revs vs six mths shr loss one ct vs profit four cts net loss vs profit revs vs reuter
southland slc unit raises crude postings southland corp citgo petroleum corp said raised contract price pay crude oil cts barrel effective today increase bring citgo posted price west texas intermediate west texas sour grades dlrs barrel light louisiana sweet south onshore grade also raised cts dlrs barrel light louisiana sweet north increased dlrs barrel citgo last changed postings march four reuter
u home sales fell pct january sales new single family homes united states fell pct january december seasonally adjusted annual rate units commerce department said department revised downward december sales pct rise units previously reported pct increase january decline sales largest since last october sales fell pct seasonal adjustment number homes actually sold january december january january fall brought home sales level pct january seasonally adjusted units average price record dlrs previous record price set december price home january reached dlrs first time price exceeded dlrs compared price dlrs december dlrs january year ago new homes available market january totaled seasonally adjusted units unchanged december equal months supply supply december months reuter
dresser industries di sees return profit dresser industries inc said expects joint ventures entered gradual improvement energy market allow regain profitability end current year dresser earned dlrs year ended october mln dlr gain change accounting pension plan mln dlr writedown oilfield assets reuter
liffe february volumes total futures options turnover london international financial futures exchange liffe fell slightly february although daily average eurodollar volume set new record liffe said today total futures options turnover last month contracts january sharply comparative february figure lots said eurodollar turnover february lots january year ago figure daily average record lots four pct previous record set march february trading new daily record contracts th month exceeding previous record set february liffe said ft se index futures volume sharply higher february contracts trading january year ago level open interest also set new records last month contracts ft se short sterling interest rate futures lots key futures volumes detailed liffe feb jan feb long gilt eurodollar short sterling bond ft se currencies short gilt key options volumes detailed liffe feb jan feb long gilt eurodollar bond sterling ft se total options long gilt bond ft se index options trading february reuter
sweden current payments surplus sweden current balance payments surplus billion crowns compared deficit billion preceding year according preliminary figures central bank december current account mln crowns deficit mln deficit december trade balance billion surplus two billion trade balance showed surplus billion crowns compared billion surplus bank said reuter
japan wholesale prices fall pct february japan overall wholesale price index base fell pct february month earlier second consecutive month month fall bank japan said wholesale prices fell pct january december index fell pct year earlier st straight year year drop central bank said reduced month month drop mainly stemmed recovery world crude oil prices said customs cleared basis crude oil prices rose around dlrs barrel february dlrs january average value yen dollar rose pct february january pct year earlier bank said export price index february fell pct month earlier reflecting price cuts export products like cars precision instruments due severe foreign competition index pct year earlier import price index rose pct month earlier sixth successive month month gain mainly due continued strength world crude oil prices index pct year earlier domestic price index fell pct february th straight monthly drop mainly reflecting falls prices home appliances colour due severe sales competition home lower edible oil prices added decline index pct year earlier domestic index marked largest year year drop pct january since central bank started compiling statistics current system wholesale prices likely turn upward march higher world crude oil raw material prices expected bank said reuter
lincoln foodservice completes purchase lincoln foodservice products inc said completed purchasing certain assets product line food dean food division foodservice equipment co terms disclosed reuter
volcker urges quick aid debtor nations federal reserve board chairman paul volcker said debtor nations made much progress laying groundwork economic growth solution world debt difficulties new financing clearly danger adequate financing arrangements negotiated put place timely way volcker told senate banking committee borrowing countries need able proceed confidence necessary funds available said brazil potential becoming leading world economic power difficult position today volcker said said take concerted effort brazil external payments key clearly hands brazilian authorities said brazil creditors strong incentive work together volcker said regarding trade imbalances volcker said important markets kept open industrial nations addition united states must reduce budget deficit foreign nations need provide stimulus domestic economies volcker said need time actions earlier depreciation work effects said reuter
raise brazil fcoj export prices confirmed confirmation brazil major processors frozen concentrated orange juice fcoj raise export prices product dlrs per tonne april spokesman brazilian association citrus juice industries said asked comment report new york cutrale sent customers price raise jose carlos said aware know cacex increased dollar amount fob price ex dock new york price dlrs dlrs said cutrale officials available comment reuter
regency ship corrects earnings regency inc said earnings per share year cts per share cts reported march company lost cts per share reuter
philippine planning chief urges peso devaluation philippines must devalue peso wants exports remain competitive economic planning secretary monsod told reuters peso dollar rate undercut make exports competitive monsod said interview question saying cannot argue success taiwan south korea west germany japan economies deliberately undervalued currencies peso free floating since june currently u dollar finance secretary jaime ongpin said government intend devalue peso wants flexible able continue respond market conditions monsod said ongpin looking exchange rate point view finance dollar rate goes higher debt service terms pesos gets higher financing difficult said looking terms economy said trying oppose official policy saying keep competitive want become uncompetitive dead monsod said ideal movement peso dollar rate movement reflect differences inflation rates philippines versus country thing official figures show philippine inflation averaged pct calendar ongpin told reporters saturday expected touch five pct year said government international monetary fund set peso dollar target rate peso lost pct value slump dollar floated reuter
bellsouth completes purchase shares bellsouth corp said completed previously announced agreement acquire inc exchange shares bellsouth said nov agreement exchanged one common shares every common shares exchange reflects feb three two bellsouth stock split company said reuter
met pro corp th qtr ends jan net shr cts vs cts net vs revs vs mths shr cts vs cts net vs revs mln vs mln reuter
jacobson votes split increases payout jacobson stores inc said board voted three two stock split march record march action jacobson directors approved increase quarterly dividend cts post split basis payable april record march new dividend rate represents pct increase cts paid quarterly pre split basis reuter
japan slightly reduces sugar consumption estimate agriculture ministry said revised april june sugar consumption estimate tonnes refined basis estimated end december said estimate domestically produced sugar supply period revised tonnes earlier estimate tonnes imports revised tonnes earlier tonnes revise sugar consumption estimate mln tonnes sugar year ending september ministry said estimate year supply domestically produced sugar revised tonnes earlier estimate estimate imports revised mln tonnes earlier mln tonnes reuter
barclays bank said cutting base lending rate pct pct
canadian money supply falls mln dlrs week bank canada said
technology inc th qtr net ended jan shr loss one ct vs loss eight cts net loss vs loss revs vs year shr profit cts vs profit four cts net profit vs profit revs mln vs reuter
cb financial corp year net shr dlrs vs dlrs shr diluted dlrs vs dlrs net vs reuter
international inc th qtr jan shr cts vs cts net vs sales mln vs mln avg shrs vs year shr dlrs vs dlrs net vs sales mln vs mln avg shrs vs note net includes tax credits dlrs vs dlrs quarter dlrs vs dlrs year vs vs week periods latest year net includes gain dlrs first nine months change pension accounting results first three periods restated reuter
u retail sales rise pct february u retail sales rose billion dlrs pct february seasonally adjusted billion dlrs commerce department said increase came revised pct drop january sales level billion dlrs department previously reported january retail sales fell pct excluding autos retail sales february pct falling revised pct january department spokesmen said major cause revision downward january sales weaker january auto dealer sales figure originally estimated auto dealer sales billion dlrs february pct rise january levels january sales dropped pct december levels billion dlrs pct fall originally reported expiration sales tax deduction new tax laws january main reason drop january sales department spokesmen said sales durable goods rose february pct billion dlrs dropping pct january building materials rose pct february falling pct january non durable goods sales rose pct billion dlrs february falling pct january department said general merchandise stores rose pct increasing sales pct january department stores two pct february rising pct january food store sales increased pct declining pct january grocery store sales increased pct february falling pct january gasoline service station sales rose pct february pct january increase apparel store sales pct last month falling pct january sales places increased pct rising pct january february retail sales pct year ago level billion dlrs department said reuter
london grain wheat mt ec mexico dlrs option loading cents less continental reference new york grain march brokers say us gulf japan reported reported arranged black sea soviet reuter
heineken n v year pre tax profit mln guilders vs mln net profit mln guilders vs mln consolidated net turnover billion guilders vs billion net profit per guilder nominal share guilders vs taking account one three scrip issue last year final dividend two guilders vs making total guilders vs reuter
taiwan power firm plans foreign debt cuts state owned taiwan power co boost domestic borrowings cut foreign debt line government policy trim island huge foreign exchange reserves company official said company foreign debt mainly japanese u banks cut nearly half billion taiwan dlrs equivalent calendar billion said domestic borrowings however rose billion taiwan dlrs billion period added taiwan foreign exchange reserves stood billion u dlrs due record trade surplus billion reuter
elder beerman stores corp th qtr feb one oper shr cts vs dlrs oper net vs sales mln vs mln year oper shr dlrs vs dlrs oper net vs sales mln vs mln note share adjusted five pct stock dividend prior year net periods excludes gain dlrs reversion pension plans year net includes pretax lifo inventory charge dlrs vs credit dlrs tax rate pct vs pct due impact tax reform act bad debt writeoffs year one mln dlrs pretax year reuter
dupont dd recommendations shares du pont co rose today accumulating recommendations shearson lehman brothers first boston traders said du pont opened two point gain stood first boston analyst available comment analyst theodore shearson said raised earnings estimates company dlrs share eight dlrs share company earned dlrs share good domestic demand higher operating earnings export business probably benefitting lower dollar effects reduced imports chemicals continue aid du pont also noted energy earnings first quarter better expected rise crude prices expects first quarter earnings dlrs share dlrs last year also expects company raise annual dividend cts share current dividend dlrs share stock split possible low reuter
lake gold mines inc year loss shr loss seven cts vs loss cts net loss vs loss revs mln vs mln reuter
stores corp sets quarterly qtly div cts vs cts prior pay april record april reuter
williams th qtr charge williams cos said fourth quarter charge mln dlrs discontinued operations writedowns contributed net loss mln dlrs dlrs share earnings mln dlrs cts loss quarter mln dlrs dlrs income mln dlrs cts year ago revenues quarter fell mln dlrs mln year fell billion dlrs billion williams also said previously announced sale chemical co unit freeport mcmoran resource partners ltd cleared antitrust review close next week first quarter include proceeds sale mln dlrs cash closing plus deferred payments proceeds mln dlrs sale stake peabody holding co completed january first quarter williams reported net mln dlrs cts share sales mln dlrs williams said charges current year related ongoing restructuring company said restructuring moves improved balance sheet improved outlook future stability growth earnings operating profit company northwest pipeline corp unit fell pct mln dlrs lower sales williams natural gas unit operating profit mln dlrs compared mln dlrs lower sales volumes profit williams gas marketing rose mln dlrs mln william pipe line co operating profit mln dlrs versus mln dlrs year ago reuter
bank boston sees improved st quarter bank boston corp expects first quarter earnings range cts one dlr share cts share last year chairman william brown said told shareholders company mln dlr exposure loans brazil country debt payments default occur would first quarter earnings five cts share would bring bank lower level estimated range added brown noted first quarter net included cts gain loan appear year brown said bank nonperforming assets including brazilian exposure could rise mln dlrs end quarter compared mln dlrs year earlier mln dlrs end said increase includes loans expects ultimately repaid company earthquake earlier year brown said increase also includes mexican venezuelan loans nations also facing credit problems brown said bank boston remains cautiously full year even brazilian exposure year bank earned dlrs share mln dlrs net interest revenues billion dlrs president told shareholders meeting bank total loans argentina brazil mexico totaled mln dlrs end pct primary capital brazil loans total mln dlrs two thirds affected suspension interest payments medium long term foreign debt reuter
dutch cocoa bean imports rise january total dutch imports cocoa beans rose tonnes january january exports fell tonnes central bureau statistics said cocoa butter imports rose slightly tonnes exports fell slightly tonnes imports cocoa fell tonnes exports tonnes reuter
singapore money supply pct january singapore money supply rose pct january billion singapore dlrs pct increase december monetary authority singapore said year year grew pct january compared pct growth december january rise largely seasonal reflecting increase currency active circulation prior new year currency active circulation rose billion dlrs billion december billion year ago demand deposit component dropped january billion dlrs billion december compared billion january broadly based money supply rose pct billion dlrs january pct rise december bringing year year growth pct january pct previous month reuter
u house panel eases soviet export controls u house foreign affairs committee voted ease restrictions exports kept shipment soviet bloc countries longer threat u national security democratic controlled committee said administration export control policies restrict shipment thousands products contributed last year record billion dlr u trade deficit committee said legislation cut government red tape make easier u companies compete foreign producers since many goods readily available countries rep chairman international economic policy subcommittee said unnecessary restrictions cost u billion dlrs exports year congress number one opportunity attack trade deficit positive way exporting washington democrat said legislation would order commerce department lift controls pct goods restricted export list next three years unless countries agree comparable controls least sophisticated type technology medical instruments would also give commerce department primary authority decide exports permitted limit defense department advisory role reviewing requests export highly sensitive technology reuter
union pacific unp closes venezuelan partnership union pacific corp said closed previously announced partnership petroleos de venezuela sa venezuela national oil company barrel per day refinery corpus christi texas union pacific said partnership called champlin refining co acquire refining distribution system owned operated union pacific champlin petroleum co subsidiary venezuelan company also signed year feedstock agreement partnership supply least barrels day venezuelan crude oil market related prices reuter
inc gain th qtr net shr nil vs four cts net vs revs vs avg shrs vs year shr cts vs cts net vs revs mln vs mln avg shrs vs note net includes realized gains investments vs qtr vs year net also includes tax credit year ago mths reuter
corp quarterly dividend qtly div five cts vs five cts pay may record may reuter
multi step products inc six mths dec loss shr loss cts loss revs note initial public listing december reuter
london ore enquiries south africa salvador brazil long tons ore end april mt minerals spot mt bulk mineral sands mt bauxite seven days purposes north spain mt ore two days one port german north sea mt bulk ore reuter
oil co year loss oper shr loss cts vs profit cts oper net loss mln vs profit four mln revs mln vs mln avg shrs mln vs seven mln note prior year excludes extraordinary gain cts per share reuter
fed adds reserves via customer repurchases federal reserve entered u government securities market arrange two billion dlrs customer repurchase agreements fed spokesman said dealers said federal funds trading pct fed began temporary indirect supply reserves banking system reuter
liquidating trust sets distributions liquidating trust said declared th liquidating dividend dlrs per unit payable april one holders record series b c certificates march trust paid th liquidating distribution january amounting dlrs series dlrs series b dlrs series c certificates reuter
cri insured set special distribution cri insured mortgage investments inc said advisor recommend special distribution cts per share due sale federally insured first mortgage park meadows wis dlrs said received dlr return capital dlrs income sale ct distribution would represent ct return principal ct capital gain would payable june holders record may reuter
study group urges increased u oil reserves study group said united states increase strategic petroleum reserve one mln barrels one way deal present future impact low oil prices domestic oil industry u policy raise strategic reserve mln barrels present mln help protect economy overseas sharp price rise institute studies private group also called new research oil exploration development techniques predicted prices would remain dlrs barrel several years rise mid imports pct u consumption said instead moves increasing oil reserves exploration development research would help guard risks increased imports reuter
tandy rd quarter revenues pct tandy corp said consolidated sales operating revenues third quarter ended march totaled nearly mln dlrs pct mln dlrs last year company said third quarter earnings released latter part april tandy said march sales revenues totaled mln dlrs pct march mln dlrs said u retail operations revenues rose mln dlrs last month mln dlrs year earlier sales u stores existence one year increased pct reuter
south korean money supply falls march south korea money supply fell two pct billion march billion february provisional bank korea figures show rose revised pct february pct year earlier money supply fell pct billion march revised rise pct february increased pct since march last year bank officials said march falls due mainly various measures bank absorb excess money reuter
maryland national sees new name maryland national corp parent maryland national bank earlier month merged american security bank said shareholders vote new name regional bank holding company april annual meeting said financial inc proposed new name parent company banks merged march combined assets billion dlrs maryland said new name used parent plan change names maryland national bank american security bank non bank affiliates reuter
trade bill change agriculture trade laws house ways means committee moving toward passage trade bill said intended help open foreign markets u agricultural goods modify u agricultural trade laws trade subcommittee voted require president reagan take account potential harm u agricultural exports trade retaliation might impose foreign unfair trade practices domestic industries bill would allow u agricultural producers seek government monitoring imports reasonable chance industry would import surge full ways means committee consider bill next week congressional sources said expect approved investigations involving processed agricultural product trade associations processors producers would petition relief foreign dumping unfair duties bill sets u trade negotiating objectives uruguay round talks general agreement tariffs trade would seek fair trade agriculture seek discipline restrictive trade import export practices eliminate tariffs subsidies quotas non tariff barriers president reagan authority negotiate new gatt agreement would extended january authority negotiate free trade zone canada would extended january bill extends reagan authority negotiate international coffee agreement october allows refund import duties paid raw sugar imported november march production sugar products containing sugar destined export export sugar products must occur presently qualify refund sugar must processed within three years import exported within five years agriculture would also benefit rapid decisions complaints unfair foreign trade practices injury imports reuter
hughes u rig count rises u drilling activity rose last week number working rigs working rigs one year ago hughes tool co said improvement first increase year weekly rig count dropped steadily since early january total rigs working among individual states texas oklahoma reported biggest gains drilling last week increases respectively california louisiana three wyoming gained two additional working rigs hughes tool said total rigs drilling land rigs active offshore drilling inland waters canada rig count two one year ago reuter
cross sell unit cross corp said warner subsidiary seek sell division focus areas business company said division sales last year mln dlrs makes machines reuter
chemlawn chem comment new offer chemlawn corp said comment sweetened offer waste management inc wmx waste management amended dlr per share tender offer raising dlrs per share chemlawn rejected waste management earlier dlr per share offer saying undervalued bid chemlawn earlier told shareholders tender waste management chemlawn rose counter trading reuter
agency rent car inc th qtr jan net shr cts vs cts net vs revs mln vs mln year shr cts vs cts net mln vs mln revs mln vs mln note share adjusted stock dividends reuter
ford f gm gm executive bonuses ford motor co general motors corp last year executive bonuses topped larger automaker profit sharing payments workers ford gm earnings last year said incentive bonuses totaled mln dlrs slightly behind general motors mln general motors however make profit sharing payments workers ford made profit sharing distribution mln dlrs dlrs per worker general motors saw earnings drop billion dlrs billion said profit sufficient generate payout profit sharing formula ford earned billion dlrs billion said employees efforts commitment many ways including profit sharing reuter
turner equity investors inc payout qtly cash distribution cts vs cts prior pay april eight record march reuter
heinz interested buying guinness brewing h j heinz n chairman tony reilly would interested buying guinness plc guin l brewery division sale spokesman said spokesman reacting irish british press reports said continues interested group offer brewery side guinness sale put together consortium buying shares quoted irish magazine business finance saying would interested came market support two international banks decided purchase might worthwhile magazine article suggested brewing profits calculated region mln asking price would higher mln multiple ten times earnings would top brewing division current guinness situation said would mean expensive exercise right edge impossible added deal would mean buying london nigerian malaysian could sold integral unit going sold reilly said reuter
danaher corp th qtr net shr cts vs cts net vs rev mln vs mln year shr dlrs vs dlrs net vs rev mln vs mln note fourth qtr net includes extraordinary gain mln dlrs cts per share versus mln dlrs cts share fourth qtr extraordinary charge dlrs six cts share net includes extraordinary gain mln dlrs cts share versus mln dlrs cts share reuter
gateway sporting buys dental gateway sporting goods co said acquired shares stock dental services inc undisclosed amount cash gateway said acquired company contracts locations reuter
ste des eaux pa year ended dec consolidated attributable net profit mln francs vs mln parent company net profit mln vs mln reuter
inc five mths dec net shr cts vs given net vs given revs mln vs given reuter
japan line selling tankers major tanker operator japan line ltd selling several bulk carriers scrap trading industry sources said tanker disposals include japan dwt japan dwt sovereign dwt dwt dwt dwt reported london sale purchase market said refused give details japan line officials declined comment reuter
healthmate inc says auditors intend qualify financial statements
corp sets payout semi div three cts vs three cts prior pay june record may reuter
german capital account deficit february west germany recorded net outflow billion marks february capital account combining long short term capital flows compared net inflow billion marks january bundesbank said compared net outflow billion marks february bundesbank said reuter
brazil buy bpd kuwaiti oil brazil import barrels per day crude oil kuwait spokesman state oil company petrobras said said unlike saudi arabia kuwait impose conditions brazil last month petrobras cancelled mln dlr oil purchase saudi arabia saudis refused accept credit guarantees official bank brazil saudis eventually lifted condition brazil decided purchase brazil currently mln barrels oil per day reuter
communications corp year loss shr loss cts vs loss cts net loss vs loss revs mln vs mln note year ago resulted restated exclude michigan cable systems sold reuter
gencorp gy rejects unsolicited takeover bid gencorp inc said board urged shareholders reject hostile unsolicited dlr share tender offer made march general acquisition inc affiliate wagner brown afg industries inc gencorp also said developing financially superior alternative would enable shareholders benefit full value company letter shareholders chairman william reynolds said offer highly conditional financed offer seeks deny shareholders true value investment gencorp reynolds said board reached decision reject offer careful study legal financial advisers said board authorized management explore alternatives aimed providing shareholders financially superior alternative general acquisition offer gencorp spokesman response questions would comment market speculation company management may develop leveraged buyout offer would also comment better alternative might developed gencorp stock traded well dlr offer price since tender made today gencorp closed reynolds said letter last years gencorp management taken action enhance shareholder value stock price earnings improved since joined company gencorp said partnership offer bargain price acquisition using financing syndicate banks yet exist bridge loan shearson lehman brothers shearson provide reynolds also said offer would result radical selloff gencorp assets including general refinance general acquisition borrowings profits going wagner brown afg instead shareholders letter also said general acquisition offer security interests shareholders employees customers suppliers communities throughout country company facilities located reuter
miyazawa says exchange rates stay stable finance minister kiichi miyazawa told press conference thinks exchange rates remain stable due currency accord reached paris last month six major industrialised nations say long dollar around yen since six agreed cooperate bring currency stability asked comment remarks u officials calling decline dollar miyazawa said u president u treasury secretary make official statements exchange rates reuter
new institution savings year net mln vs note company went public march reuter
united healthcare corp th qtr net shr cts vs cts net vs revs mln vs mln avg shrs vs year shr cts vs cts net vs revs mln vs mln avg shrs vs note net income includes extraordinary profit recognition tax loss carryforward dlrs six cts share year dlrs seven cts share periods reuter
corp rd qtr ends jan loss shr nil vs nil net loss vs loss revs vs nine mths shr profit nine cts vs profit two cts net profit vs profit revs mln vs mln reuter
economists see sluggish japanese economy ahead japanese economy remain sluggish months ahead turning worst performance years private economists said consumer spending main driving force domestic demand likely remain although housing business investment would help sustain economy year economists said said economic planning agency report today private spending fell pct oct dec quarter first time years report said japan gross national product rose real pct oct dec revised pct increase previous quarter said gnp growth real pct pct agency officials said worst performance since gnp contracted pct wake first oil crisis expressed concern pct decline consumer spending final quarter said temporary exceptionally warm winter weather depressed retail sales private economists disagreed said consumers likely remain pessimistic coming months saw real income level sure consumers may spent less winter heating warm winter year done become even future pay rises said shoji saito general manager mitsui bank economic research division said outlook pay increases gloomy falling employment many industries particularly hit hard yen rise senior economist bank tokyo said weakened consumer confidence worrying factor without consumer spending japan hardly achieve domestically generated economic growth government put fiscal measures said economists said pct growth registered oct dec may inflated special factors including exceptionally heavy spending public sector chief economist mitsubishi research institute said pct increase public sector spending oct dec resulted issue gold coins one shot spending expect high level public sector consumption following quarter said agency officials said public spending would risen pct oct dec without issue marked years said economy might contract current quarter given lack additional significant government spending sluggish consumer spending saito said effective government action would income tax cuts beyond next january proposed controversial sales tax reuter
parker drilling suspends payout parker drilling co said board directors voted suspend payment dividends shareholders parker drilling said paying quarterly dividend one ct share common stock company said expects save mln dlrs year dividend suspension reuter
norstar fleet flt merge norstar bancorp said board board fleet financial group approved definitive agreement merge norstar spokesman said press release containing details merger would issued shortly reuter
carolina power cpl generating unit carolina power light co said board decided cancel coal fired mayo unit two second unit planned mayo plant person county n c company said unit one pct complete scheduled commercial service carolina power said status unit review decision north carolina environmental management commission would required unit expensive sulphur removing scrubbers carolina power said unit one operation since meets air quality regulations without scrubbers use low sulphur coal addition scrubbers mayo unit two would produced marginal air quality improvements company said able purchase lower cost power power co intermediate purposes projected cost power mayo two scrubbers said retain mayo two site later development generating unit carolina power said mayo two projected cost mln dlrs including mln dlrs scrubbers higher construction costs plus higher operating costs would increase cost power produced mayo unit two scrubbers mln dlrs per year company spokesman said company already spent mln dlrs mayo two said estimate yet made cost plant company expect take charge earnings said carolina power intends include costs rate filings make late year early next year reuter
canada gdp rises pct canada real gross domestic product seasonally adjusted rose pct fourth quarter growth previous quarter statistics canada said left growth full year pct four pct increase rise also slightly pct growth rate finance minister michael wilson predicted february budget also forecast gdp would rise pct statistics canada said final domestic demand rose pct final three months year pct gain third quarter business investment plant equipment rose pct fourth quarter partly cumulative drop pct two previous quarters reuter
united brands inc th qtr shr profit six cts vs loss cts
sumita says little room bank japan ease credit policy
u senate hits ec oils tax retaliation senate voted proposed european common market tax vegetable marine fats oils said would result retaliation non binding senate resolution sense senate sentiment approved vote administration communicate european community message united states view establishment tax inconsistent european community obligations general agreement tariffs trade result adoption strong immediate resolution stated resolution said european community commission proposed establishing consumption tax vegetable fish oils fats conjunction setting farm prices ec marketing year senate said tax would amount almost pct current price restrictive effect u exports soybeans vegetable oils ec would inconsistent obligations ec general agreement tariffs trade gatt resolution said constitute another attempt impose ec agricultural costs trading partners reuter
associated newspapers pct northern star northern star holdings ltd said britain associated newspapers holdings plc hold pct enlarged issued capital applying acquire mln shares recently announced placement associated one major investors participating previously reported placement mln shares dlrs northern star said statement northern new south wales regional group emerging national media force wake industry restructuring sparked news corp ltd takeover herald weekly times ltd group associated holds pct northern star current issued capital company official said previously reported northern star raising mln dlrs placements subsequent one four rights issue dlrs share placements mln shares go number investors mln investment group capital corp ltd arranged northern star purchase news corp television assets three newspapers three radio stations mln dlrs increase stake northern star pct result reuter
three departments inc nd qtr jan shr four cts vs cts net vs revs mln vs mln six mths shr cts vs cts net vs revs mln vs mln reuter
conrac cax following mark iv iv bid heavy buying speculators boosted conrac corp higher dlr per share cash tender offer announced mark iv industries inc iv case chemlawn said one arbitrageur referring recent hostile tender began dlrs per share ended chemlawn corp chem found white knight willing bid dlrs conrac arbitrageur said dlrs per share seemed like appropriate price another said early project outcome market speaking saying dlr offer inadequate second arbitrageur said added hard make case conrac worth much dlrs shares traded today noted stock recently sold high could downward risk dlrs conrac able thwart mark iv conrac urged shareholders take action board studies offer advisers conrac said would make recommendation april third arbitrageur noted mark iv involved several takeovers previously proven determined bidder said another said conrac might trouble tried find another buyer non related businesses said small people would want company presently structured conrac involved video computer software aircraft instruments telephone machines equipment products telling retail clients sell leave rest take risk said analyst milwaukee co called dlr offer mark iv fair value low side think management looking buyer way offer said said conrac conservative finances developed reputation quality products serve markets said management done good job turning around telephone machine business reuter
drops merger talks ltd said terminated discussions acquire united labs pursuant jan letter intent buy company stock cash reuter
quebec caisse earns three billion dlrs caisse de et placement du quebec government agency manages province pension funds said investment portfolio earned net profit almost three billion canadian dlrs increase mln dlrs agency said annual statement assets total book value billion dlrs market value billion dlrs end holdings rate return pct year caisse average return pct past four years pct past eight years caisse said foreign equity investments represented pct total assets u government securities accounted another pct overall portfolio agency holding u government securities yielded return pct year significantly either pct earned total bond portfolio pct funds management high liquidity securities held temporary basis purposes strategy protection overall bond portfolio efficient agency said u securities agency said billion dlrs invested canadian private sector businesses mln dlrs new funds area caisse said acquired mln new government quebec bonds mln dlrs new securities quebec government issuers year reuter
century business credit gets offer century business credit corp said received offer stanley chairman chief executive officer take company private transaction shareholders dlrs per share cash shares outstanding december independent directors said engage expert evaluate fairness offer reuter
utilities corp regular div qtly div cts vs cts prior pay april three record march reuter
residential mortgage investments inc payout qtly div cts vs cts prior pay april record march reuter
financial corp th qtr net oper shr profit cts vs loss cts oper net profit vs loss revs mln vs mln year oper shr profit cts vs loss cts oper net profit vs loss revs mln vs mln note th qtr yr oper net excludes dlrs dlrs cts per share respectively realized investment gains qtr yr oper net also excludes dlrs dlrs respectively tax loss carryforwards th qtr yr oper net excludes realized investment gains dlrs cts per share dlrs cts per share respectively th qtr oper net also excludes loss dlrs carryforward reuter
interconnect friendly gates offer interconnect capital said seeks acquire gates learjet corp friendly terms late yesterday company said offered dlrs per share gates learjet shares interconnect capital said intends purchase gates corp loan gates learjet mln dlrs bid successful interconnect capital controlled interconnect inc gates corp owns pct gates learjet reuter
energy development ltd year loss unit loss dlrs vs loss dlrs net loss mln vs mln revs mln vs mln avg units vs note net includes writedown oil gas properties ln dlrs vs mln dlrs writedown geothermal property mln dlrs vs mln dlrs reuter
amca sell dominion bridge assets amca international ltd said finalized agreement sell certain assets inventories dominion bridge steel service center operations federal industries ltd inc unit terms undisclosed said sale involved assets operations general line steel service centers toronto edmonton alberta steel inventories closed amca branches company said sale part previously announced restructuring program allow focus certain core businesses generate cash cut debt reuter
gulf barge freight rates call gulf barge freight rates firmed outlook steady vessel gulf increasing demand barges supply ships dealers said barges traded today st louis merchants exchange call session versus yesterday quotes included delivery week illinois river pct tariff bid offered next week river ex chicago quoted percentage points next week mississippi river st louis pct bid offered five points next week ohio river south pct bid offered points station illinois river south chicago pct bid offered comparison march illinois ex chicago pct bid offered points march ohio river bid yesterday traded level pct offered march lower mississippi river memphis cairo pct bid offered comparison may illinois river ex chicago pct bid offered comparison sept nov lower mississippi river memphis cairo pct bid offered sept dec section pct bid offered comparison reuter
f w woolworth z profits rise pct specialty retailing area continues pay f w woolworth co known five dime store chain said income rose pct fourth consecutive year profit increases new york based retailer founded years ago woolworth income rose mln dlrs dlrs per share compared profit mln dlrs per share revenues year rose billion compared prior year billion fourth quarter company reported profits rose pct mln dlrs dlrs per share compared fourth quarter results mln dlrs per share revenues rose billion billion dlrs roy woolworth vice president told reuters income generated company specialty store operations accounted pct parent company profits said company specialty stores operating different names woolworth plans open specialty stores time last year operated specialty stores said said largest specialty chain operated woolworth shoe stores followed apparel unit among units little shop chain discount apparel stores place discount drug health beauty aid operation face sells cosmetics currently woolworth general merchandise stores operating worldwide united states harold sells chairman chief executive woolworth said statement results especially improvement last year record earnings sells fourth successive year earnings quarter improved corresponding year earlier period woolworth variety store operations hard hit early quickly growing discount store industry attempt compete woolworth opened discount general store chain j discount apparel chain failures united states although still operates canada however woolworth changed strategy announced would operate specialty stores time company said would create new groups stores specialty stores generally higher sales per square foot general merchandise stores reuter
ldbrinkman chief cuts cenergy stake ldbrinkman corp chairman l members family said cut stake cenergy corp shares pct total outstanding shares pct filing securities exchange commission group said sold cenergy common shares snyder oil partners l p march dlrs gave snyder another shares exchange units limited partnership interests snyder reuter
ec industrial production growth january industrial production european community ec january showed growth compared january ec statistics office eurostat said report said ec industrial production index base stood months ec officials said lack growth may due part weather large parts ec january also reflects worrying trend eurostat said last three months figures known industrial output rose pct compared year earlier period annual growth months january averaged pct well pct figure recorded months ending last june office said reuter
dow dow sees record annual profits dow chemical co believes strong margins chemical products could result record earnings year chairman paul said hoping best year history profit told reporters following speech american institute chemical engineers meeting believe entire chemical industry headed record year close said dow earned mln dlrs increase mln dlrs brought falling oil prices resulting cheaper feedstock costs also said dow profit margins chemical products would improve year last year said reduced capacity chemical industry weakened u dollar would also contribute company improved performance dow spending mln dlrs research development emphasis new specialty chemicals said reuter
saudi businessmen discuss private sector saudi arabian business leaders conference aimed problems facing private sector kingdom oil dependent economy meeting top businessmen across saudi arabia comes time optimism industry commerce following opec pact boost world oil prices four day conference resort town high mountains plain stretching red sea saudi arabia commerce finance minister mohammed ali commerce minister al attend first day bankers businessmen said conference air problems facing commerce industry last year slide oil prices examine ways promote higher investment private sector short finance government long recognised saudi arabia world largest crude exporter needs foster private enterprise diversify oil based economy private sector hard hit middle east recession early several big manufacturing trading companies ran problems repaying loans renewed optimism year stems largely accord reached opec last december curb oil output boost prices benchmark level dlrs per barrel oil prices recovering saudi arabia went ahead turn year long delayed budget plans billion riyal deficit drawing foreign reserves simple act publishing budget restored measure confidence business community share prices risen pct since last november banks generally reporting slowdown number new non performing loans bankers convinced one senior corporate finance manager riyadh said banks still reluctant lend certainly optimism air sure firmly based businessmen bankers point government spending still tight control non oil economy may still contracting capital expenditure large projects cut sharply u embassy report saudi arabia published budget said continued one government highest priorities recession payments problem lack financing reduced saudi foreign investor interest industry lack fresh investment expected major issue among businessmen gathered official figures show number new licences industrial ventures fell pct six months march compared period lending saudi industrial development fund major source industry backing fallen steadily since trading companies also hit caught huge inventories construction equipment recession bit firms laid workers cut inventories others effectively reached agreement bankers extend debt repayments latest rescheduling shipping hotels conglomerate negotiators draft accord restructure payments billion riyals bank debt bankers businessmen said conference also likely discuss apparent reluctance u british firms step investment kingdom british government delegation left riyadh holding preliminary talks ways offsetting huge saudi defence contract supply aircraft worth five billion stg reuter
corp inc raises dividend semi annual div cts vs five cts pay april nine record march reuter
us west hikes dividend qtly div cts vs cts prior pay may record april reuter
icco examine buffer stock proposal international cocoa organization icco council adjourned presenting producer consumer views buffer stock rules agreeing examine draft compromise proposal buffer stock issue tomorrow delegates said icco executive director kobena erbynn draw delegates called pre compromise present buffer stock working group hrs gmt tuesday said consumer producer member nations disagree buffer stock implemented sides reiterated willing compromise come agreement said optimistic able come agreement maybe tomorrow next day time later session consumer delegate said producers say want buffer stock consist icco member cocoa comprise representative basket various grade cocoas pay different prices different grades delegates said consumers would rather buffer stock manager able buy non member cocoa also pay single price buffer stock cocoa without respect origin consumer members unified views buffer stock operate several countries backing different aspects producer stance delegates said semi annual council meeting scheduled run march consideration buffer stock rules controversial topic agenda delegates said reuter
u personal income rose pct february spending pct
italy february payments balance surplus italy overall balance payments showed surplus billion lire february compared deficit billion january provisional bank italy figures show february surplus compared deficit billion lire month first two months balance payments showed surplus billion lire deficit billion period bank italy said cumulative balance first two months match total calculated individual monthly figures provisional nature certain data reuter
co qtly div cts vs cts previously pay may record april reuter
kansas gas electric co february net shr cts vs cts net vs rev mln vs mln months shr dlrs vs dlrs net vs rev mln vs mln note twelve months includes cumulative effect change accounting methods accruing revenues mln dlrs cts per share reuter
rospatch respond diagnostic bid
cie one five bonus share issue cie subsidiary recently privatised banking group cie financiere de paribas pari pa said issuing mln new francs nominal shares basis one five already held operation begin march spokesman said cie also said increased capital billion francs billion incorporation mln francs reserves reuter
royalty trust sets monthly payout cash distribution cts vs cts prior pay april record april reuter
vms strategic sets initial dividend vms strategic land trust said initial quarterly cash dividend cts share payable may shareholders record april company also said effective today trading nasdaq system symbol reuter
pizza inn inc th qtr loss shr loss cts vs loss cts net loss vs loss revs mln vs mln avg shrs vs year shr profit three cts vs loss cts net profit vs loss revs mln vs mln avg shrs vs note net includes tax credits dlrs vs dlrs quarter tax provision dlrs vs credit dlrs year year revenues include mln dlrs gain sale quality co inc net includes costs dlrs quarter dlrs year proposed merger reuter
unilever improved margins volumes unilever plc un nv group reported improvements margins underlying sales volume growth five pct effects falling prices disposals currency movements unilever plc chairman michael said told reporters volumes north america increased pct european consumer goods rose pct flat years much disposal strategy aimed concentrating activities core businesses completed noted process acquisitions would go strategic acquisitions taking place time time said company earlier reported pct rise pre tax profits billion stg mln previously guilder terms however profits pre tax level dropped three pct billion billion said recent purchase chesebrough inc n dlrs share unlikely bring earnings dilution however would add much profits much company operating profits paying acquisition costs finance director added gearing debt equity plus debt rose pct end pct last year expected drop back pct end made full year dividend unilever nv rising pct guilders unilever plc increasing pct p approximately line change attributable profit said prospectus sale parts chesebrough due published shortly however said target date completing process also declined say sort sum unilever hoped realise operation beyond noting chesebrough paid around billion dlrs stauffer chemical co operates outside unilever core activities u growth foods business considerable expansion household products business behind overall sales increase however noted u household products business turned planned loss fourth quarter performance better expected despite anticipated heavy launch costs reuter
philip morris mo recommendations stock philip morris cos rose today following recommendations first boston corp morgan stanley co traders said philip morris gained first boston analyst unavailable comment morgan stanley david hill said assumed coverage philip morris placed recommended list attractive earnings growth stock selling discount market based morgan figures hill expects morris earn dlrs share year dlrs morris earned dlrs share reuter
texas international co th qtr loss shr loss cts vs loss cts net loss mln vs loss mln revs mln vs mln avg shrs mln vs mln year shr loss dlrs vs loss dlrs net loss ln vs loss mln revs mln vs mln avg shrs mln vs mln note net includes extraordinary gains dlrs vs nil quarter dlrs vs dlrs year year net includes dlr credit previous windfall profits taxes reuter
enterprises corp inc th qtr net shr profit cts vs loss nine cts net profit mln vs loss mln revs mln vs mln year shr profit cts vs profit nine cts net profit mln vs profit mln revs mln vs mln note full year results include extraordinary loss one mln dlrs three cts per share reuter
japan cabinet approves bill gold coin issues cabinet approved bill making easier government issue coins finance ministry official said bill must still approved parliament would take effect april would allow government issue yen coins without special legislation although higher valued coins would still need special law official said present issue coins yen less reuter
reduced work force music systems inc said taken steps year reduce costs including pct reduction work force spokesman said company employees said reductions include use professional services administrative costs manufacturing overhead non essential development services adding cuts expected significant impact beginning second quarter earlier today reported loss cts share compared loss dlrs share reuter
sets initial quarterly houses lp said declared initial quarterly dividend cts per unit class class b limited partnership units payable may holders record march reuter
american motors amo board meeting takeover american motors corp board directors meeting morning new york consider chrysler corp c billion dlr takeover offer american motors spokesman said spokesman reiterated statements made earlier week regularly scheduled meeting held spokesman would comment recurring speculation board might receive higher offer chrysler analysts said fact american motors stock remained four dlrs share chrysler offer could lead larger company raise bid american motors spokesman said seen indication higher offer would received chrysler although added know conversation meeting repeated statements made earlier week automaker today meeting probably result final decision chrysler bid board first proposal th march several meetings spokesman said meeting expected go early afternoon reuter
two japanese steelmakers cut capital spending nippon steel corp tok said cut capital spending pct billion yen year starting april year earlier due furnace improvements steel co ltd said spend billion yen rationalisation facility improvements billion year earlier completion large construction projects capital spending nippon kokan k k tok improve increase production facilities rise billion yen billion company said reuter
novell sets payment date stock split novell inc said dividend effect previously announced two one stock split distributed april stated time original announcement company said payment made holders record march reuter
pacific gas accounting change cut net pacific gas electric co said expects record mln dlr dlr per share reduction earnings company decision change method used record diablo nuclear power plant revenues accounting change affect company cash position company intends continue paying dividend annual rate dlrs per share last year pacific gas reported earnings mln dlrs dlrs per share pacific gas said accounting change prompted delays receipt california public utilities commission decision company application rate relief recover billion dlr cost constructing units one two diablo nuclear power project said commission currently allowing company recover pct cost owning operating plants result mln dlrs accumulating month deferred non cash account receivable included current income accounting change effective january reflect cash received interim rates approved commission pacific gas electric said also said commission awaiting public staff division report recommend much billion dlr investment pacific gas allowed recover rates company stated confident receive objective review facts also said intends seek additional interim rates pacific gas began construction two nuclear power units number construction delays unit one went operation may unit two went line march last year reuter
carolina power light co cpl sets payout qtly div cts vs cts prior pay may one record april reuter
c optics corp th qtr loss shr loss cts vs profit cts net loss vs profit revs vs year shr profit cts vs profit cts net profit vs profit revs mln vs mln avg shrs vs reuter
marathon raise crude prices cts bbl tomorrow wti dlrs
weis markets three two stock split weis markets inc said board declared three two stock split holders record may distribution date may company also said regular quarterly dividend cts per share pre split shares paid may shareholders record may reuter
volcker says restrictive monetary policy would hurt investment
occidental oxy sells unit henkel kgaa henkel kgaa west germany said completed acquisition process chemicals division occidental petroleum corp oxy occidental chemical corp subsidiary undisclosed terms process chemicals acquired diamond shamrock corp dia september makes specialty chemicals variety industrial markets annual sales mln dlrs reuter
miners trapped fire gaspe copper mine miners trapped underground today fire copper mine gaspe area eastern quebec officials said reports mine official said fire broke last night miners made safety said telephone contact established trapped miners could brought surface fire cause fire known reuter
u lard consumption february u factory usage lard production edible inedible products february totaled mln lbs vs revised mln lbs january according census bureau figures year earlier period usage includes vegetable animal fats oils process amounted mln lbs usage february comprised mln lbs edible products mln lbs inedible products total lard usage marketing season began october amounted mln lbs vs mln lbs year ago period reuter
alden electronics sets lower dividend alden electronics inc said board declared annual dividend cts per share class b common stock cts last year due expected drop earnings year ended march dividend payable april holders record april alden earned dlrs last year reuter
two u bancorp units merge u bancorp pacific state bank lincoln city said plans merge u bancorp u national bank oregon pact pacific state become part u bank branch system company said merger expected completed mid year following regulatory approval local staff management remain said reuter
yeutter says u budget deficit reduction key trade deficit solution
getty petroleum sets stock dividend getty petroleum corp said board declared five pct stock dividend payable april shareholders record april company also declared regular cash dividend four cts share reported net income rose mln dlrs mln dlrs reuter
zim energy sell shares privately zim energy corp said entered agreement group consisting strategy development inc norsk gas corp already owns one third zim buy mln new common shares cts association energy corp jaguar petroleum corp company said investor group also bought mln shares zim management said james mitchell william richardson steven resigned officers directors zim said chemclear inc agreement merge zim zim board studying claim chemclear company said expects report loss year dlrs due lower oil natural gas prices unsuccessful well programs excessive overhead corporate expenses said plans dramatic reduction overhead costs improve results company said michel named chairman robert named president chief executive two others joined board zim said agreed acquire remaining interest blue pipeline affiliates one mln dlrs cash stock gave details reuter
holdings ltd st qtr jan net shr cts vs eight cts net vs rev mln vs mln note qtr includes extraordinary gain dlrs six cts share versus dlrs two cts share fiscal first qtr reuter
harvard industries announces stock split harvard industries inc said board approved two one stock split form special stock dividend outstanding common stock special dividend payable may stockholders record april split effected one additional share common share held company said reuter
polaroid reaffirmed opinion shares polaroid corp rose following reiterated recommendation merrill lynch co focused strong earnings momentum company traders said recommending stock since reiterated today expectations strong earnings momentum benefits lower dollar anticipation nice gains margins merrill lynch analyst charles ryan said said negative opinion another brokerage house hurt stock wednesday bought relatively bargain price today ryan said always look polaroid weakness volatile stock caught weakness polaroid stock gained point early morning trading three points wednesday morning closing polaroid working overtime production film expect first quarter earnings pct ryan said estimating earnings cts share first quarter compared cts share earned year earlier expects company earn four dlrs share compared dlrs share last year reuter
reagan anti protectionism stand white house says trade war unlikely
lifestyle restaurants adjusts revenues lifestyle restaurants inc said revenues first quarter ended january mln dlrs mln dlrs reported earlier company also said note attached earnings concerning gain certain sales incorrect reuter
belgian unemployment falls march belgian unemployment based number jobless drawing unemployment benefit fell pct working population end march pct end february national statistics office said rate compares pct end march total number jobless stood compared february march last year reuter
puerto cement co sets payout qtly div five cts vs five cts prior pay may record april note company said pct dividend payment may withheld accordance puerto rico tax law reuter
farmers group inc th qtr net shr cts vs cts net vs revs mln vs mln year shr dlrs vs dlrs net vs revs billion vs mln avg shrs vs reuter
corp th qtr loss shr loss cts vs loss dlrs net loss vs loss mln revs mln vs mln year shr loss dlrs vs loss dlrs net loss mln vs loss mln revs mln vs mln avg shrs mln vs mln note includes losses vs qtr mln vs year equity pct owned companies reuter
sumitomo mining smit raises nickel output sumitomo metal mining co said raise monthly nickel output around tonnes april increased domestic demand mainly steel makers sumitomo produced tonnes nickel month end cut output january stagnant demand company official said calendar production likely fall around tonnes result first quarter reduction said sumitomo japan nickel producer reuter
southeast banking corp declares qtly div qtly div cts vs cts prior pay april record march reuter
exxon xon may close one french refinery exxon corp world largest oil company said published interview today reviewing worldwide refinery operations might decide close french refineries lee r raymond exxon new president possibility closure one exxon refineries france interview exxon spokeswoman confirmed raymond specifically mentioned refineries france said specific refinery named also said exxon constant review exxon currently two refineries france mediterranean barrels per day port jerome west paris similar capacity petroleum intelligence weekly influential trade journal said current issue understood exxon looking possibility refinery closures southern france possibly italy paul oil analyst salomon brothers inc said closures exxon made europe improvement european refining situation future profits good exxon major oil companies closed refineries europe upgraded rest many market demand products rising efficient operations exxon show superior earnings said royal dutch rd seen one highest grade refiners europe added industry sources said oil companies likely feel greater pressure operations southern europe competition opec countries increasing producers move operations said refiners mediterranean expect increased shipments saudi arabia opec export refineries said sales libya algeria elsewhere expected markets lost italian european refiners result cheap netback oil last year reuter
financial benefit group inc year loss shr loss cts vs loss cts net loss vs loss note includes realized gains one mln dlrs versus dlrs reuter
zimbabwe gdp rises pct zimbabwe real gross domestic product increased pct according preliminary figures published central statistical office cso rise nine pct main reason slower rate economic growth drop real value agricultural output declined pct following pct improvement previous year mining output fell one pct manufacturing production increased pct cso said current prices gdp rose pct billion zimbabwe dlrs inflation measured gdp deflator estimated pct virtually growth real output reuter
quest signs pact alza quest biotechnology inc said quest blood substitute inc subsidiary executed agreement alza corp make alza preferred shareholder subsidiary quest said agreement also offers alza right acquire pct unit equity exchange acquisition patent rights alza technology area quest interest quest also said signed merger agreement hunt research corp affiliate corp quest said expects complete merger within next several weeks reuter
waste management wmx raise chemlawn chem bid waste management inc said sent letter chemlawn corp board saying prepared increase bid chemlawn dlrs share dlrs chemlawn promptly simple two step merger agreement containing essential covenants conditions upon agreement waste management said would amend dlrs share cash tender offer reuter
soviet union seen watching china gatt application china application join general agreement tariffs trade gatt seen test case soviet union probably demand follow china top european community official said willy de clercq external relations commissioner european communities told news conference china application would involve long difficult negotiations china formally applied join gatt july february presented memorandum backing application de clercq said studied questions would presented china china important state trading countries including soviet union probably demand accession china application could considered test case said said ec strongly backed china application others among gatt contracting parties took tougher line among numerous problems huge centrally run economy entering free trade system tariffs reciprocity expectation china practice open trade policy without trade de clercq added de clercq noted different chinese economy hungary yugoslavia two current socialist gatt members china import potential said foreign exchange shortage would force china import less year next past emphasis technological equipment capital visit de clercq met top chinese leaders today signed agreement open european community commission office peking reuter
cellular communications inc nine mths dec end shr loss dlrs vs loss six cts net loss mln vs loss revs mln vs company changed fiscal year december end prior year net includes gain dlrs sale minority interests connecticut partnerships reuter
inc th qtr loss shr loss cts vs profit cts net loss vs profit sales mln vs mln mths shr loss cts vs profit cts net loss vs profit sales mln vs nine mln reuter
ecolab starts bid chemlawn chem ecolab inc said started previously announced tender offer shares chemlawn corp dlrs newspaper advertisement company said offer withdrawal rights expire april unless extended chemlawn board approved tender merger price follow ecolab said offer conditioned receipt least shares chemlawn mln shares outstanding ecolab said chemlawn granted conditional option buy authorized unissued chemlawn shares dlrs option exercisable event another party acquire pct chemlawn means tender offer shares higher price ecolab offering company said merger agreement terminated certain entitled receive mln dlrs damages chemlawn ecolab said officers directors chemlawn granted options acquire aggregate chemlawn shares pct tender price unless higher tender made another party waste management inc wmx originally made hostile tender offer dlrs per share chemlawn chemlawn rejected inadequate friday waste management said would raise bid dlrs per share reuter
audio video ava bid cyclops cyl investment group led audio video affiliates inc said raised tender offer acquire cyclops corp dlrs share dlrs share group cyacq acquisition corp also said extended offer april three march group said added several conditions offer including receipt non public information cyclops provided dixons group plc connection dixon competing tender offer cyclops cyacq sweetened offer totaling mln dlrs tops dixon offer dlrs share mln dlrs wednesday dixon said bought pct cyclops mln shares outstanding boosting stake company pct earlier today however securities exchange ordered dixons extended tender offer march cyacq said hopes cyclops shareholders withdraw previously tendered shares dixons tender offer take advantage cyacq higher offer sec order came cyacq filed suit block dixons taking control cyclops force extension dixons tender offer cyclops spokeswoman said company immediate comment sweetened bid cyacq cyacq said new offer also subject cyclops agreements dixons u k based firm would receive break fees expenses cyclops could buy cyclops common stock pittsburgh based company reuter
southwest realty year loss shr loss cts vs profit dlrs net loss vs profit note cash flow dlrs cts shr vs dlrs cts shr reuter
marketing sees year net marketing corp said expects report earnings year ended january cts per share average shares cts shares year said sales fell pct year earlier mln dlrs reuter
cyacq amends cyclops offer conditions says citicorp financing
bass group says talks seeking control taft broadcasting
chicago futures leader says markets adapt foreign currency futures markets would leading industrial countries agreed restrict currency movements within narrow band said leo melamed chairman chicago mercantile exchange cme executive committee target zone would affect market think pct range deutsche mark gives us healthy market melamed told reuters interview willing live old era four pct shift said referring permitted currency fluctuations early one thing adjust make contract larger value chairman cme melamed development currency futures crucial chicago exchange melamed said capital flows estimated approach billion dlrs day would efforts governments control currency fluctuations day terms intervention hour week maybe period time work unnecessary cme top also said decision exchange advance quarterly settlement time stock index futures contract morning afternoon would help eliminate dramatic price futures equity markets called triple day think settlement morning effect longer period time think issue triple go away change structure next june move scheduled go effect said melamed said proposed changes floor practices traders popular standard poor stock index future would address complaints trading stimulate trading two weeks ago cme board directors proposed barring brokers top step pit trading account board also proposed requiring brokers engaged trading elsewhere pit record personal trades minute curbing trading broker groups changes time extremely positive effect marketplace going prove increasing volume time said predicting increase would come within year melamed also chairman investment co inc said cme last week withdrew proposal put point limit p index daily price movement commodity futures trading commission told exchange could temporary program cme also received many negative comments many anticipated melamed conceded many futures commission merchants predicted sell orders would accelerate event price approached bottom limit reuter
early march opec output seen well ceiling opec crude oil output first days march running mln bpd mln bpd average february well mln bpd ceiling group adopted december reuter survey shows figures polled reuters correspondents oil traders industry executives analysts europe middle east africa latin america asia back recent statements opec ministers group producing within ceiling support return fixed price system came effect last month opec output whole february bpd ceiling largely overproduction united arab emirates kuwait figures show uae together much smaller producer ecuador also producing quota first days march survey overproduction compensated sharp fall saudi arabian output together iran inability export much quota allows iraq rejected opec quota mln bpd produced mln bpd february early march figures showed saudi output excluding movements stocks fell mln bpd early march mln bpd february mln bpd quota saudi figures include bpd share neutral zone production kuwait consistently denied quota violations estimated pumping mln bpd february early march figures including bpd share neutral zone output bpd quota reports customer resistance fixed prices set opec states reflected output qatar nigeria substantially quota february early march qatar february output bpd fell bpd early march compared bpd quota industry sources say japanese buyers resisting qatar prices gulf arab oil states pledged make shortfall sales fellow gulf state nigeria early march output one mln bpd mln bpd february quota mln bpd industry sources say nigeria customers believe bonny grades compared compatible brent crudes u k north sea country country production figures follows mln bpd country current february quota algeria ecuador gabon indonesia iran iraq kuwait libya nigeria qatar saudi arabia uae venezuela total reuter reuter
sees profit erosion inc said seen erosion general financial condition since december actively engaged negotiations secure additional financing also said restructuring management staff reductions said ramon role president chief operating officer assumed position executive vice president charge international sales also said assumed positions president chief operating officer addition role chief executive officer year ended january company net loss dlrs cts share revenues mln dlrs reuter
pharmaceutical nd qtr feb net shr cts vs cts net vs revs vs six mths shr cts vs cts net vs revs mln vs mln note full name pharmaceutical services inc reuter
american network inc dec year net shr profit cts vs loss dlrs net profit vs loss revs mln vs mln avg shrs vs note current year net includes nine mln dlr net gain settlement litigation reuter
equitable resources inc regular payout qtly div cts vs cts prior pay june one record may eight note current dividend equivalent previous quarterly dividend cts per share giving effect stock split effective march reuter
united presidential corp th qtr net shr cts vs cts net vs revs mln vs mln year shr dlrs vs dlrs net vs revs mln vs mln note results include adjustment dlrs cts shr year periods improvement results universal life business first estimated reuter
cpc cpc sees higher earnings per share cpc international inc said expects earnings per share increase levels confident top earnings per share optimistic longer term future well company said annual report cpc earned mln dlrs dlrs share revenues billion dlrs compared income mln dlrs dlrs sales billion dlrs share figures adjusted split paid january share buyback program started last year reduced number shares outstanding mln year end mln dlrs end adjusted split food grocery products company also said subject five stockholder lawsuits one class action suit filed last november december delaware new york new jersey suits related company purchase shares salomon brothers inc salomon bought block stock ronald perelman acquired nearly mln cpc shares pct company last year suits company bought shares back artificially inflated price violating securities laws directors fiduciary duties corporate assets cpc said defendants include company directors salomon perelman deny allegations improper conduct defending suits reuter
sweden boliden ab takes u allis chalmers corp mln crowns official
mobil plan open peking office china daily says mobil corp mob n u plans open office peking develop oil exploration opportunities china china daily said quoted mobil president richard tucker currently peking saying optimistic investment prospects china peking continue encourage foreign private businesses invest said mobil bought mln dlrs crude oil oil products china sold fertiliser gave details reuter
italian interbank rate rises february italy average interbank rate rose provisional pct february pct january figures bank italy show weighted average rate bank lending provisional pct february compared january average weighted rate paid deposits eased provisional pct pct italy today announced official discount rate would cut pct pct effective tomorrow reuter
canada industrial production pct canadian industrial production rose pct december falling pct november statistics canada said federal agency said year year production pct december compared decline pct november reuter
ec inflation starts rise february inflation european community fell lowest since november january started take last month figures ec statistics office eurostat showed consumer prices average three pct higher february office said compared year year rise pct january lowest years highest figure since october prices rose february pct january rises pct january pct last three months reuter
european community set office peking china european community ec signed agreement establishment ec office chinese vice foreign minister ec external relations commissioner willy de clercq signed accord ec sources said office likely open second half year ec china third largest trading partner chinese imports ec worth billion dlrs exports worth billion dlrs de clercq told official china daily joint ventures set china way reducing china trade deficit ec ec affairs china currently looked country holds group six monthly presidency held take july reuter
arco sells two agricultural research operations atlantic richfield co said sold plan cell research institute unit arco seed co operations two transactions undisclosed prices company said sold calif based plant cell research spa milan italy arco seed co u f genetics calif atlantic richfield said divestitures line policy focusing resources oil gas chemical coal operations reuter
toshiba link u k access issue toshiba corp tsba said plan enter u k business telephone market may caught diplomatic row position cable wireless plc cawl l japanese market britain considering retaliate japan attempt prevent cable wireless taking major position japanese international telecommunications venture matter timing linked question market access japan toshiba spokesman told reuters toshiba information systems u k ltd toshiba subsidiary said yesterday planned enter u k market toshiba brand name applied government approval toshiba supplied equipment u k manufacturers sale brand names since last year toshiba spokesman said sale equipment comparable cable wireless efforts take stake new japanese telecommunications firm matters different category said reuter
haiti czechoslovakia join cocoa organization haiti czechoslovakia joined international cocoa organization icco bringing membership united nations charter body importing countries exporters icco officials said haiti provisionally applied icco exporting member accounts pct world cocoa exports said czechoslovakia joined importer reuter
integrated resources inc th qtr net oper primary shr dlr vs dlrs oper diluted shr cts vs dlrs oper net mln vs mln revs mln vs mln avg shrs primary vs avg shrs diluted mln vs mln year oper shr dlr vs dlrs oper net mln vs mln revs mln vs mln avg shrs vs note oper net excludes mln dlrs discontinued operations th qtr excludes loss dlrs dlrs respectively discontinued operations oper net excludes mln dlr dlr per shr loss early notes oper per share amounts reported paying mln dlrs mln dlrs respectively preferred stock dividends th qtr per share amounts reported paying dlrs dlrs respectively preferred stock dividends discontinued operations restated reuter
fed adds reserves via customer repurchases federal reserve entered u government securities market arrange billion dlrs customer repurchase agreements fed spokesman said dealers said federal funds trading pct fed began temporary indirect supply reserves banking system reuter
henley heng issue subsidiary shares henley group inc said plans issue pct common stock fisher scientific group inc unit henley group shareholders company said intends issue one share fisher scientific henley shares held shareholders record march distribution scheduled april six company also said said fisher shares trade counter market symbol reuter
cannon sells library entertainment group inc said agreed acquire cannon group entertainment film library library purchased may part cannon acquisition entertainment ltd bond corp holdings ltd library motion pictures terms call price established appraisal process beginning immediately exceed mln dlrs mln dlrs reuter
inc st qtr feb net shr cts vs seven cts net vs sales mln vs mln qtly div four cts vs four cts prior pay april six record march six reuter
wall street stocks tenneco inc tenneco inc company long rumored takeover candidate rose sharply today speculation investor boone pickens may company acquisition traders analysts said tenneco spokesman joseph said comment make pickens available comment traders noted activity stock increased today published report linked pickens tenneco tenneco rose two points paul analyst new orleans based howard inc said surprised market rumors tenneco might target takeover attempt pure market speculation boone pickens group may interested said tenneco would challenge run size mr pickens man challenge pickens made unsuccessful attempt take dallas based diamond shamrock corp dia last winter made secret plans acquire additional natural gas reserves belief gas prices stabilize sooner oil prices tenneco holds natural gas reserves estimated excess trillion cubic feet analysts said estimated tenneco breakup value dlrs share said company generated cash flow dlrs share probably attractive pickens analysts however estimate breakup value well dlr share range strongly doubt going hostile takeover drexel burnham lambert inc houston based analyst john olson said putting little rumors tenneco enterprise seven billion dlrs long term debt preferred stock outstanding said buyer would also deal problems tenneco faces farm equipment unit energy businesses analysts suggested tenneco could use number defensive strategies fend unwanted buyer spin non energy businesses directly shareholders buy back shares create limited partnership natural gas pipeline interests analyst asked remain unidentified discouraged pickens rumor pickens already holdings burlington northern said think would willing take tenneco problems case farm equipment unit losing mln dlrs annually worth less billion dlrs market today reuter
husky hyo sets meeting approve merger husky oil ltd said board called special meeting april shareholders vote previously announced agreement hong kong based hutchison whampoa ltd hongkong electric holdings ltd acquire pct interest company acquisition requires two thirds approval husky shareholders nova alberta corp owns pct interest husky approved shareholders take effect april husky said following completion oil term holdings ltd new company controlled nova hold pct stake husky hutchison hongkong indirectly hold pct victor k li nine pct canadian imperial bank commerce five pct interest husky said special committee five outside directors recommended board approve transaction determining deal best interests husky fair shareholders husky previously announced shareholders option receive canadian dlrs cash common dlrs cash one common share oil term investment ltd controlled nova oil term holdings husky u shareholders restricted right receive canadian dlrs cash per share paid u funds company said reuter
hutchison unit buys container cranes japan container port operator hong kong international terminals ltd pct held unit hutchison whampoa ltd hk said placed mln h k dlr order seven container cranes tons japan mitsui engineering shipbuilding co ltd may august delivery hong kong international terminals operates cranes reuter
oregon aluminum smelter increasing output northwest aluminum co said open second line mid may bringing smelter pct production capacity northwest aluminum president leased year old smelter martin marietta corp said production would increase around tons year present tons martin marietta closed smelter northwest aluminum reopened last december said good aluminum market several months successful operation led decision expand production reuter
invacare expects higher sales invacare corp chairman president chief executive officer iii said expects home healthcare equipment company post sales increases pct range said increases come internal growth well potential acquisitions invacare aggressively seeking acquisitions complement company existing product lines said earlier company reported fourth quarter net mln dlrs cts share mln dlrs cts share fourth quarter invacare also reported net income mln dlrs cts share loss mln dlrs cts share reuter
analysts see bidder purolator pcc several analysts said believe another suitor top mln dlr bid purolator courier corp e f hutton lbo inc management group purolator courier division speculation another offer might forthcoming analysts mostly believe dlrs per share price paid hutton managers pc acquisition inc fully valued analysts wall street sources said doubted another bidder would emerge since purolator sale sometime deal struck hutton friday purolator stock slipped today close trading slightly higher dlr offer friday least one analyst friday speculated company might dlrs per share analysts wall street sources doubted competitive offer would emerge since company sale sometime deal hutton struck friday hutton talks purolator adviser read co since late december hutton spokesman said hutton offering dlrs cash per share pct shares shares tendered shareholders would receive dlrs cash six dlrs debentures warrants stock subsidiary pc acquisition containing purolator u courier operation hutton values warrants two three dlrs per share wall street sources also said today rival bidder might discouraged breakup fee purolator would pay ends agreement hutton sources would reveal amount fee noted documents transaction made public later week reuter
baldrige predicts end u japan trade dispute united states japan soon settle trade dispute semiconductors u commerce secretary malcolm baldrige said television baldrige referring u japan trade agreement semiconductors said government wants live industries think good settlement spare sides think japanese understand full well lived commitment said added think trade war friday washington announced plans put much mln dlrs tariffs japanese electronic goods april tokyo failure agreement officials said tariffs would ended soon japan started adhering agreement said little chance japan could react quickly enough avert higher tariffs baldrige said reagan administration hoped strong u action japan would convince congress tone protectionist trade legislation denied action taken reason reuter
twa twa sees benefits usair u merger trans world airlines inc disclosed intend seek control usair group time said still believes combination two airlines would benefits filing securities exchange commission twa controlled carl icahn said continues closely watch developments usair agreement acquire piedmont aviation inc pie twa said spent mln dlrs acquire usair shares amount pct total outstanding common stock twa said would buy usair group stock least moment said still believes twa usair combination would create certain would mutually beneficial carriers twa stressed reserved right revive takeover attempt said may continue explore feasibility strategies gaining control usair purchases usair stock would require approval department transportation twa said department transportation rules twa also said put usair stock voting trust fleet national bank voting trustee voting trust agreement requires bank vote favor acquisition agreement twa usair opposed merger usair reuter
copper industry asks lme strategy statement representatives international copper council major copper producers told london metal exchange lme clear statement forward strategy would lead better understanding industry lme press release said latest meeting copper industry lme discuss new clearing house system industry expressed concern latest proposals made least one lme member cash cleared market replace planned clearing system retain prompt date settlement basis copper industry delegates told lme decision change planned clearing system would indicate fundamental change lme service industry release said industry use exchange hedging physical needs would remove many unique advantages currently offered lme make non trade markets comex lme decide whether dealer convenience take higher priority customer satisfaction industry delegates said release also said lme confirmed change would made clearing system planned start may indicated consideration would given due course cash clearing proposal made amalgamated metal trading lme members meeting last week copper industry spokesman suggested assurance new clearing system would remove industry fears uncertainty resulting process review change press release said reuter
acceptance insurance holdings inc year oper shr profit dlrs vs loss dlrs oper net profit vs loss revs mln vs mln avg shrs vs note net excludes realized investment gains dlrs vs dlrs net excludes dlr tax credit reuter
vw comment seat loss reports volkswagen ag vowg f spokesman said group immediate comment reports greater expected losses spanish subsidiary de de seat german newspapers reported werner schmidt seat supervisory board chairman told journalists seat losses around billion pesetas mln marks almost double original expectations according newspaper schmidt said vw would invest billion pesetas seat year years would spend billion new spanish unit reuter
cable says consortium proposals acceptable cable wireless plc cawl l said proposals resolve dispute entry japan telecommunications market acceptable company spokesman said proposals appear made today japanese daily fumio watanabe head telecommunications committee federation economic organisations however suggestion still recommended merger two consortia tendering contracts would give cable five pct stake three pct originally proposed less pct holds original venture said proposal would also offer cable nominee seat board merged company spokesman said believed japan accept applications two rivals fair review earlier today cable shares firmed market speculation dispute treated britain government test case open japanese telecommunications market near settlement cable shares gmt quoted p compared close last night p reuter
u first time jobless claims rose week new applications unemployment insurance benefits rose seasonally adjusted week ended march prior week labor department said number people actually receiving benefits regular state programs totaled week ended march latest period figure available previous week reuter
conagra cag completes merger trident conagra inc said completed merger sea alaska products co unit trident corp conagra said new company holds pct stake called trident corp charles president trident merger named president new company conagra said conagra said also completed previously announced acquisition bristol corp trident completed purchase remaining pct stake san juan inc reuter
u brass mill copper stocks lower january u brass mill copper stocks fell short tons copper content end january short tons end december according american bureau metal statistics consumption brass mills increased short tons january short tons december mills consumed tons refinery january versus tons december scrap consumption increased tons january tons december total brass mill shipments increased tons january tons december receipts rose tons tons reuter
canada december gdp pct november pct fall official
telecommunications nd qtr jan oper shr loss five cts vs loss six cts oper net loss vs loss revs vs avg shrs vs six mths oper shr loss seven cts vs loss cts oper net loss vs loss net vs avg shrs vs note current year nd qtr six mths excludes loss dlrs discontinued operations prior year nd qtr six mths excludes loss dlrs dlrs discontinued operations full name company telecommunications inc reuter
france currency intervention debt france today repaid billion francs short term currency intervention debt european monetary cooperation fund finance ministry said said debt part billion franc liability incurred swap facilities defend franc january european monetary system realignment realignment following several weeks speculative pressure produced three pct revaluation west german mark dutch guilder french franc two pct revaluation belgian franc reuter
macandrews forbes unit begins offer buy revlon group already owned
usda reduce citrus estimating program u agriculture department national agricultural statistics services said change citrus estimate program california arizona starting said discontinue california forecasts december february march may june months plus november forecasts issued october november january april july october january april july october january april change estimating program california oranges arizona forecasts dropped oranges november december february march may june forecasts retained october january april july said changes estimating program citrus texas florida reuter
corp rd qtr feb net shr cts vs eight cts net vs revs mln vs mln avg shrs mln vs mln nine mths shr cts vs cts net vs revs mln vs mln avg shrs mln vs mln note share adjusted two one stock split current year net includes capitalized software costs dlrs quarter dlrs nine mths reuter
world bank bring borrowing forward year world bank intends bring borrowing forward first half expects global interest rates rise year end world bank vice president treasurer eugene said told news conference rates u japan west germany switzerland near lows weight opinion year higher probability one pct higher one pct lower interest rates said world bank issued floating rate notes far year expectation higher interest rates policy world bank maintain liquidity level gave bank flexibility decide much borrow said cash hand pct next three years anticipated net requirement comprised pct outstanding debt pct debt maturing within five years although world bank swap market intend launch new financial instruments said total billion dlrs debt outstanding eight billion another currency many recent either unfair investors unfair borrowers world bank confident case would adopt new instruments world bank would raise pct funds needed next year methods used said however pct new requirements bank would try new instruments bonds warrants world bank publicly offered bonds germany since first issue launched said
enterprises inc year nov net shr cts vs cts net vs revs mln vs mln reuter
u feed situation summary report delayed u agriculture department said summary report feed situation outlook scheduled release april delayed may department said delay enable analysts report usda first supply demand estimates marketing year data farm program participation reuter
corp th qtr shr loss two cts vs profit cts net loss vs profit revs mln vs mths shr profit two cts vs profit cts net vs revs mln vs reuter
australia said rely much oil taxes government reliance revenue crude oil adversely affecting australia economic performance australian petroleum exploration association apea chairman dennis said one third australia indirect tax income derived oil time falling domestic output weak crude prices told apea annual conference dependence oil generated revenue country economic performance directly acting new exploration indirectly affecting trading competitiveness high energy costs said australia medium term liquid fuel self sufficiency position posing major economic threat yet government response load new tax burdens oil industry said domestic oil output existing fields expected fall barrels per day bpd fiscal bpd reflecting mainly decline bass strait fields said bass strait reserves two thirds depleted three largest fields pct depleted said bass strait output expected half level assuming number far undeveloped fields brought stream enhanced recovery existing fields goes ahead said government projections output yet fields range bpd said australian liquid fuel demand forecast rise bpd implying crude oil gap bpd five years time said present world oil prices current value australian dollar annual oil imports would cost billion billion dlrs said despite intensive exploration early addition reserves inadequate said example mln barrels discovered five years represent two years consumption said called government review tax policies restore incentive exploration reuter
insituform north america inc th qtr shr nine cts vs four cts net vs revs vs avg shrs vs year oper shr cts vs cts oper net vs revs mln vs avg shrs vs note year net includes dlr tax credit reuter
u k unemployment falls february unemployment u k fell provisional seasonally adjusted february total mln pct workforce employment department said january seasonally adjusted unemployment fell revised pct said initially january position reported flat unadjusted jobless total including school fell mln pct mln pct january february seventh successive month seasonally adjusted unemployment registered fall peak pct last summer lord young employment minister said appeared little doubt monthly fall running continue department spokesman said sharp fall february reflected compensation flat figure january continued downward trend seen past six months said february fall spread throughout country among men women reuter
johnson electronics inc th qtr loss shr loss three cts vs profit eight cts net loss vs profit revs vs year shr profit four cts vs profit cts net profit vs profit revs vs note net income included tax gain cts per share sale real property reuter
u house panel approves trade bill u house ways means trade subcommittee unanimously approved toned version legislation designed toughen u trade laws wedge open foreign markets u goods measure goes full house ways means committee next week major changes expected congressional sources said product could well trade policy manner opens markets without word protectionism ways means chairman dan rostenkowski illinois democrat said trade subcommittee backed away specific retaliation foreign countries unfair foreign trade practices house approved trade bill last year held full ways means committee debate controversial plan rep richard gephardt mandate reduction trade surpluses u countries japan south korea taiwan gephardt missouri democrat decided exact form amendment aide said last year house approved idea force annual pct trade surplus cut countries reuter
zambian exchange auction resume end march zambia reintroduce modified foreign exchange auction end month part new two tier exchange rate central bank governor leonard said told press conference end three weeks negotiations international monetary fund imf would fixed exchange rate official transactions fluctuating rate decided auction types business bank zambia previously held weekly auctions distribute foreign exchange private sector determine kwacha exchange rate suspended end january president kenneth kaunda said time suspending auction system view rapid devaluation violent exchange rate resulted business banking sources said another reason suspending auction central bank low foreign exchange weeks behind paying successful bidders kwacha stood per dollar auction system first introduced october slid around per dollar time suspended months later since zambia operated fixed exchange rate nine kwacha per dollar reuter
one inc st feb net shr cts vs eight cts net vs revs mln vs mln avg shrs vs reuter
first world inc th qtr loss shr loss cts vs profit nil net loss vs profit revs vs avg shrs vs year shr loss cts vs profit seven cts net loss vs profit revs mln vs mln avg shrs vs reuter
horizon bancorp sets regular payout qtrly div cts vs cts prior pay may record april reuter
community bank system cbsi buys nichols bank community bank systems inc nichols national bank said signed definitive agreement nichols become member cbsi group banks exchange stock worth mln dlrs cbsi said expects complete deal pending nichols shareholder regulatory approval later year reuter
top discount rate uk bill tender rises pct
brazil seamen continue strike court decision hundreds marines alert key brazilian ports seamen decided remain indefinite strike even higher labour court yesterday ruled illegal union leaders said halt first national strike seamen years started february union leaders said would return work unless got pct pay rise shipowners offered per cent raise seamen rejected nothing lose want lay workers fine determined carry protest end union leader said said decided meeting marines take ships seamen would abandon vessels let marines handle situation spokesman rio de janeiro port said order send marines take ports given navy minister grounds ports areas national security said incidents strike cut exports imports made estimated ships idle petrol station owners four states also continued shutdown fears combination two could lead serious fuel shortage reuter
sets initial quarterly dividend corp parent first federal bank connecticut fsb said declared initial quarterly dividend five cts per share company said dividend payable march holders record march reuter
service corp international rd qtr net qtr ended jan shr cts vs cts net mln vs mln revs mln vs mln avg shrs mln vs mln nine mths shr cts vs cts net mln vs mln revs mln vs mln avg shrs mln vs mln note net nine mths includes gains dlrs four cts share vs dlrs two cts share avg shrs shr data restated reflect three two stock split january reuter
tandy brands tab sells unit tandy brands inc said sold home division investor group includes members management dlrs cash secured notes company said sale materially offset dlr non recurring charge took sale division reuter
u oil lard statistics u census bureau figures released showed factory warehouse stocks feb included following comparisons mln lbs soybean oils crude x refined x r total x r cotton oils crude r refined r total r x revised preliminary data released bureau oilseeds report march r revised factory warehouse stocks continued corn oils crude r refined r total r lard r r revised reuter
german producer prices fall pct february west german producer prices fell pct february january pct prices february last year federal statistics office said january producer prices rose pct december first monthly rise since october pct year earlier statistics office said light heating oil producer prices fell pct february january heavy heating oil prices fell pct reuter
corp year loss shr loss dlrs vs loss dlrs net loss vs loss revs mln vs mln note current year figures include mln dlr provision anticipated loss note receivable mln dlr writedown asset carrying value mln dlr provision future operating losses shore associates prior year figures include mln dlr provision future losses shore associates reuter
esselte business unit buys unit esselte business systems inc esselte division said acquired america co subsidiary machines ab sweden esselte said unit based indiana manufactures label printers company said purchase part plan increase range retail electronic offered esselte u said acquisition esselte increase distribution base effort grow u reuter
corp year shr loss cts vs loss dlrs net loss mln vs loss mln revs mln vs mln note includes loss discontinued operations mln dlrs disposal net asset reuter
elder beerman gets offer dlrs share elder beerman stores corp said owners pct stock offered take company private dlrs per share remaining pct stock company said proposal considered regularly scheduled board meeting march said offer made members beerman family holding pct company stock chairman certain members board reuter
corp stg rd qtr jan loss oper shr loss cts vs loss cts oper net loss vs loss sales mln vs mln nine mths oper shr loss nine cts vs loss two cts oper net loss vs loss sales mln vs mln note current nine mths net includes dlr pretax gain sale property prior year net periods includes pretax gain dlrs pension plan termination current quarter net includes dlr tax credit prior year net includes losses discontinued operations dlrs quarter dlrs nine mths results restated discontinued operations reuter
york financial corp declares qtly div qtly div cts vs cts prior pay may five record april reuter
ltd nd qtr ends feb net shr cts vs cts net vs revs mln vs mln avg shrs vs six mths shr dlrs vs cts net vs revs mln vs mln avg shrs vs reuter
cheyenne software acquisition talks cheyenne software inc said preliminary talks acquisition hardware distribution firm f components inc inc subsidiary company said f sales mln dlrs expects report loss year cheyenne said purchase price would paid common stock would provide additional finances operation f reuter
ec sugar tender seen concession producers rebate granted yesterday ec sugar tender represents concession producers complaints losing money exports outside bloc ec commission officials said maximum rebate european currency units ecus per kilos ecus producers say needed obtain equivalent price offered sales intervention rebate last week tender ecus per kilos short level producers said needed officials said officials said commission negotiating producers offered total tonnes sugar sale intervention apparent attempt persuade offer higher rebates said french german producers involved unable withdraw offer april sugar officially enter intervention stores payment due five weeks later open withdraw offers time april official payment date commission officially takes ownership sugar officials said officials said commission buy sugar determined immediately move would drive market prices expressed hope operators would eventually go plan intervention sales think realise gone far one official said reuter
flowers industries inc rd qtr march march end shr cts vs cts net vs sales mln vs mln nine mths shr cts vs cts net ln vs mln sales mln vs mln note twelve week periods reuter
german banks say uncertainty economy growing uncertainty growing prospects economy orders industry fall companies scale back investment plans german savings banks association said exporters expect foreign demand remain weak industry less optimistic association said report however last month agreement among six leading western industrialized countries keep currencies around present levels expected stabilizing influence exporters added banking association said possibility using monetary policy stimulate economy another small drop already low interest rates could expected cause significant rise purchases consumer capital goods said bundesbank half point cuts discount lombard rates january largely scope monetary moves association added tuesday federal statistics office said gross national product real seasonally calendar adjusted terms fourth quarter compared third quarter economics ministry commenting figures said gnp first quarter also expected relatively weak bank economists forecast economy either contract slightly first quarter official first quarter figures due early june reuter
resources details assays resources inc said assays received feet number three vein property south ontario indicate average ounce gold per ton across average width five feet foot length last working face assayed ounce gold per ton across feet continued point company said reuter
corp st qtr jan loss shr loss cts vs profit six cts net loss vs profit revs vs avg shrs vs reuter
travelers unit buy realty divisions travelers corp travelers mortgage services said signed letter intent buy two subsidiaries privately held equitable life assurance society u company said plans acquire equitable management corp equitable realty network inc company said acquisitions give broader distribution corporate service mortgage programs reuter
ferry disaster may rank among worst hope passengers trapped partially channel ferry raised fears accident could rank among worst shipping belgian transport minister herman de croo said hope passengers trapped herald free enterprise capsized belgian coast last night confirmed toll would make incident world worst since soviet liner black sea last september sank loss nearly lives people rescued world single incident sea sinking loss lives second biggest loss life people liner ireland st lawrence river canada world worst maritime disaster took lives german liner wilhelm soviet january feared dead two ferries sank near ferry capsized china died launch sank malaysian state sabah reuter
dutch trade fully balance january netherlands recorded flat trade balance january exports imports totaling billion guilders modestly lower compared december sharply january last year economics ministry spokesman said quoting official statistics january exports compared december figure billion guilders pct last year level billion january imports compared billion guilders december fell pct billion january last year reuter
canadian money supply falls week canadian narrowly defined money supply fell mln dlrs billion dlrs week ended march bank canada said plus daily interest chequable non personal deposits fell mln dlrs billion dlrs plus notice personal fixed term deposits fell mln dlrs billion dlrs non personal fixed term deposits foreign currency deposits residents booked chartered banks canada rose mln dlrs billion dlrs chartered bank general loans outstanding fell mln dlrs billion dlrs canadian liquid plus short term assets rose mln dlrs billion dlrs total canadian dollar major assets chartered banks rose mln dlrs billion dlrs chartered bank net foreign currency assets fell mln dlrs minus billion dlrs notes circulation totalled billion dlrs mln dlrs week government cash balances fell billion dlrs billion dlrs week ended april government securities outstanding rose billion dlrs billion dlrs week ended april treasury bills rose billion dlrs billion dlrs canada savings bonds fell mln dlrs billion dlrs reuter
liquid air corp quarterly dividend qtly div cts vs cts pay march record march reuter
kaneb energy kep says rules kaneb energy partners ltd pct owned kaneb services inc said circuit court county ruled favor jim walter corp jwc inc dispute natural gas sales contract company said suit filed enforce obligations contract pay gas produced coal project black basin alabama equally owned kaneb jim walter kaneb said awarded jim walter mln dlrs required payments deliveries january plus interest march full amount sought rejected fraud said decision may appealed reuter
guatemala host milds coffee meeting guatemala host meeting milds coffee producers probably may discuss basic export quotas delegate international coffee organization ico said firm date set talks ambassador rene told reporters ico executive board meeting producer countries brazil colombia member african coffee organization may also invited consultation said ico producers consumers could agree calculate export quota shares recent council meeting milds coffee producers include costa rica dominican republic ecuador el salvador guatemala honduras india mexico nicaragua papua new guinea peru reuter
ivory coast says coffee price fall short lived ivory coast today predicted present coffee price crash recorded collapse recent international coffee organisation ico meeting london would last long commenting monday failure producer consumer nations agree new export quotas needed tighten coffee market ivorian agriculture minister denis bra kanon told reporters traders would eventually obliged restore positions convinced market going reverse april told news conference return failed london talks robusta coffee beans may delivery ended day london sterling sterling tonne lowest since bra kanon estimated least billion francs billion dlrs overall loss revenues earned ivory coast commodities exports year slide world markets continues disclosed country world biggest cocoa producer third largest coffee would african initiative reach compromise formula end next month ivory coast chosen based inter african coffee organisation behalf producer nations london talks initiative likely soon said without elaborating following london collapse immediately course avoid breaking already market said questioned journalists minister said president felix estimated moment government would forced reduce price guaranteed state ivorian coffee growers current season last year west african nation announced coffee producer price would stay francs cents per kilo bra kanon said country would diversify agricultural production avoid dependent world market fluctuation communique read state run television tonight said today weekly cabinet meeting ivorian leader reaffirmed faith ivory coast bright economic future despite commodities price slide agriculture minister also announced government decided sum billion francs mln dlrs support country small farmers financially ivory coast long regarded one africa economies going difficult times following sharp slump world price cocoa coffee ivory coast real gross domestic product expected grow one pct year compared five pct according recent finance ministry estimate reuter
todd shipyards corp omits qtly common div sets preferred payout
colombia main oil pipeline attacked state run oil company ecopetrol said colombia main oil pipeline pumping barrels per day suspended spokeswoman company said early morning attack st last nine months pipeline links colombia biggest caribbean said barrels crude could indicate pumping would resume attack near northeastern bolivar province ecopetrol association occidental petroleum corp oxy shell petroleum n v unit royal dutch shell group rd st ecopetrol said communique since last july led loss barrels crude equivalent mln dlrs reuter
freedom federal sets initial payout freedom federal savings bank said voted first cash dividend cts share payable april record march annual dividend cts share said reuter
alexander nd qtr ends feb net shr cts vs cts shr diluted cts vs cts net vs revs mln vs mln six mths shr cts vs cts shr diluted cts vs cts net vs revs mln vs mln note includes change accounting investment tax credit cts per share six mths prior first qtr includes non recurring charge company abandoning plan convert limited partnership reuter
bundesbank leaves credit policies unchanged
swedish unemployment data revised new method calculating sweden unemployment figures reduced number jobless sixth spokesman central bureau statistics said reporting substantial drop past year according revised data jobless february representing pct workforce pct workforce february official said new figures based extensive survey unemployed brought sweden line recommended geneva based international labour organisation said new method cut number unemployed pct way data far accurate asking many questions find whether jobless want work whether able work whether actually looked work told reuters new method first used january figures showed unemployment dropping pct workforce pct old style december said change apparently press according new method unemployment february would stood pct said reuter
comerica raises prime rate comerica inc said raised prime interest rate pct pct effective april reuter
memotec data inc year net shr cts vs cts net vs revs mln vs mln note results include extraordinary gains dlrs cts share dlrs cts share reuter
general mills inc rd qtr feb net shr cts vs cts net vs sales billion vs billion avg shrs mln vs mln nine mths shr dlrs vs dlrs net vs sales billion vs billion avg shrs mln vs mln note period ended february prior year amounts restated reflect discontinued furniture operations earnings include gains discontinued operations mln dlrs two cts share quarter gains mln dlrs cts share fiscal nine months vs mln dlrs four cts share year earlier reuter
cocoa delegates optimistic buffer stock rules hopes agreement cocoa buffer stock rules international cocoa organization icco council meeting opened today delegates said producer consumer icco members said opening session prospects agreement cocoa market support mechanism improving chances good getting buffer stock rules end next week delegate producer spokesman mohammed told journalists consumer spokesman peter baron called tone negotiations optimistic realistic icco council failed agree buffer stock rules new international cocoa agreement came force january deep differences opinion serious discussions matter time existing buffer stock tonnes cocoa frozen funds balance mln dlrs icco made buffer stock rules negotiations priority semi annual council meeting order stop slide world cocoa prices consumers producers agreed yesterday principles basis negotiations council broke hrs working group meeting since monday tackle buffer stock rules issue hrs icco executive director kobena erbynn version draft proposal prepared earlier week delegates said mohammed said delegates much clearer indication prospects accord details rules erbynn producers consumers meet separately later today examine scheme draft proposal included three principles limit non member cocoa comprising buffer stock offer system buying buffer stock cocoa price differentials paid various cocoas making buffer stock delegates said morning council session ivory coast delegation gave open statement willing work buffer stock rules solution could come effect soon possible baron said ivorian agriculture minister denis bra kanon chairman icco council expected arrive london monday attend talks baron said vice chairman sir denis henry meeting place soviet east german delegates attend council session conflicting international sugar organization meeting today could arrive afternoon delegates said reuter
industries quarterly dividend qtly div three cts vs three cts pay march record march reuter
assets money market mutual funds rose mln dlrs latest week
suralco alumina exports dropped pct feb surinam aluminum company suralco registered pct drop alumina exports february operations shut worker official surinam news agency reported said suralco alumina exports dropped tonnes february tonnes january aluminum exports meanwhile decreased nine pct period tonnes tonnes suralco alumina refinery miles south capital shut february workers destroyed plant computer equipment protest layoffs company nearby aluminum smelter smelter shut january anti government two electricity power plant alumina refinery owned jointly suralco billiton nv royal dutch shell subsidiary reopened march smelter remains closed suralco mines moengo miles east closed last november reuter
bayer usa affiliates increased sales bayer usa inc said sales affiliated operating based u increased pct previous year combined sales billion dlrs billion dlrs company said however company said net income mln dlrs three pct bayer said operating companies include corp miles laboratories inc inc corp corp inc chemical co bayer said primary chemicals company reported net income mln dlrs eight pct also said miles pharmaceutical healthcare company recorded net income mln dlrs pct increase reuter
wtd industries inc rd qtr jan net shr profit cts vs loss one ct net profit vs loss sales mln vs mln avg shrs vs nine mths shr profit cts vs profit cts net profit vs profit sales mln vs mln avg shrs vs reuter
corp nd qtr jan net shr two cts vs two cts net vs revs vs six mths shr three cts vs three cts net vs revs vs reuter
british aerospace raises system stake british aerospace plc l said increased stake systems plc pct mln ordinary shares following purchase mln ordinary shares british aerospace pension fund holds mln ordinary shares systems representing stake pct spokesman british aerospace said present future intention making full bid systems system shares nine pence higher prior share stake announcement showed little movement since reuter
laser photonics sells common shares laser photonics inc said sold shares common stock investors one mln dlrs previously announced agreement connection investment company said restructure board eight members three designated new investors company said group investors include affiliates organization inc company said richard jr resigned board joining board leonard pierre roger investors company added members board chairman president chief executive officer mark michael reuter
brown transport sees record net brown transport co said expects report record results revenues increasing mln dlrs earnings per share dlrs dlrs brown reported net income dlrs per share mln dlrs revenues mln dlrs last week company declared initial quarterly dividend four cts company said begin paying regular quarterly dividend second quarter board yet determined exact amount reuter
australian current account deficit narrows feb australia current deficit narrowed mln dlrs february billion revised billion january statistics bureau said compared mln dlr shortfall year earlier february merchandise trade recorded mln dlr surplus mln shortfall revised mln january mln deficit february current account deficit fell lower end range forecasts mln one billion dlrs made market economists yesterday february fob exports rose billion dlrs billion revised billion january billion year earlier fob imports fell billion billion revised billion billion year earlier bureau said said four pct decline rural exports despite pct rise wheat exports offset seven pct rise non rural exports notably minerals fuels import side main falls pct machinery transport equipment pct fuels bureau said net services deficit narrowed mln dlrs mln revised mln january mln year earlier bureau said made sharply lower deficit mln dlrs balance goods services deficits mln january mln year earlier deficit net income transfers mln dlrs mln january mln year earlier official capital transactions february showed surplus mln dlrs billion surplus january mln surplus year earlier non official capital item showed mln dlr deficit billion deficit january mln surplus february bureau said cumulative current account deficit first eight months fiscal ending june widened billion dlrs billion year earlier cumulative trade deficit narrowed billion dlrs billion services deficit billion billion transfers deficit widened billion billion cumulative official capital surplus narrowed billion dlrs billion reuter
citadel great western gwf citadel holding corp said settled litigation great western financial corp company said terms great western agreed acquire seek acquire voting securities citadel propose merger citadel five years citadel paid great western six mln dlrs citadel said continuing pursue claims salomon inc sb represented connection disputed proposed merger great western subject litigation reuter
coca cola bottling coke terminates talks coca cola bottling co consolidated said terminated negotiations proposed purchaser wholly owned subsidiary headquartered vancouver b c company said vigorously continuing efforts sell canadian operations substantially terms conditions previously announced reuter
qintex extends princeville pvdc offer qintex america ltd said extending offer dlrs share mln princeville development corp shares today yesterday midnight yesterday princeville shares tendered shares hours earlier qintex said extending offer allow princeville comply federal law restricting ownership u airlines non u citizens finalize terms conditions letter credit bank guarantee required previously announced acquisition agreement reuter
bancroft bcf sues zico zico investment holdings inc said bancroft convertible fund inc filed suit seeking enjoin zico dlr share tender offer bancroft shares complaint bancroft said tender offer materials letters shareholders false misleading tender offer investment company act zico said suit totally without merit vigorously intends contest motion scheduled heard march reuter
merchants group inc th qtr oper net oper shr profit cts vs loss dlrs oper net profit vs loss revs mln vs mln year oper shr dlrs vs loss dlrs oper net profit vs loss revs mln vs mln note th qtr yr oper net exclude realized investment gains dlrs dlrs respectively includes provision income taxes dlrs dlrs periods respectively th qtr yr oper net exclude dlrs cts per share dlrs dlrs per share net operating loss th qtr yr oper net exclude realized investment gains dlrs dlrs respectively reuter
mcgraw hill buys harper row hpr unit mcgraw hill inc said bought et sciences sa french healthcare publisher harper row publishers inc sum deal disclosed said french company publishes original french well american british german medical books company consolidated mcgraw hill france said reuter
inc sets quarterly qtly div cts vs cts prior pay april record april one reuter
newport corp nd qtr jan net shr cts vs cts net vs sales mln vs six mths shr cts vs cts net vs sales mln vs mln reuter
diamond shamrock dia cuts crude prices diamond shamrock corp said effective today cut contract prices crude oil dlrs barrel reduction brings posted price west texas intermediate dlrs barrel said price reduction today made light falling oil product prices weak crude oil market company spokeswoman said diamond latest line u oil companies cut contract posted prices last two days citing weak oil markets reuter
canada day bills average pct making bank rate pct
house fabrics sees results improving house fabrics inc said expects growth earnings revenues current fiscal year progresses said open super stores year house fabrics operates stores company today reported earnings year ended january dlrs sales mln dlrs prior year earnings dlrs sales mln dlrs prior year earnings included dlr charge disposition craft stores reuter
u sugar imports latest week usda sugar imports subject u sugar import quota week ended march totaled short tons versus tons previous week agriculture department said cumulative imports total tons said sugar import quota quota year january december set short tons compared tons quota year extended three months december department said customs service reported weekly cumulative imports reported actual weight basis final received cumulative import data adjusted accordingly reuter
opec says february output ceiling opec output february well mln bpd ceiling set december countries strictly adhering quotas opec news agency quoted opec official saying official quoted saying lower output result member countries firm determination defend organisation official price dlrs per barrel refrain selling quantity price unnamed official quoted saying opec meeting next opec session planned start june official gave figure february output statement said reduction total supplies actual exports crude oil products plus local deliveries member countries even pronounced supplies fell month matter pressure member countries official selling price ongoing market price member countries without exception strictly adhering official selling price spite financial hardship may statement said recent improvement price structure indicator determination organization stick official selling price statement said free spot market prices rose around dlrs barrel early december last year near opec official levels towards end year opec pact oil industry speculation opec might hold meeting prior scheduled june session discuss reports overproduction states strains differential prices opec crude according quality distance main markets official said statement emergency session scheduled member countries firm determination defend price system agreed december opec differential committee met vienna starting april session postponed new date set according official united arab emirates seven state body members algeria kuwait saudi arabia libya nigeria qatar reuter
toronto sun plans two one stock split toronto sun publishing corp said planned two one split common shares subject regulatory approval approval shareholders april annual meeting reuter
hughes ht approves merger baker bko majority hughes tool co shareholders approved merger agreement baker international corp based revised terms allow companies additional time sell drilling bit business required u justice department hughes chairman william kistler said revised terms proposed consent decree also set mln dlr cap much funding newly combined companies spend disputed drilling bit business sold earlier proposed consent decree establish funding limit baker hughes merger would would create billion dlr oilfield services company almost fell earlier month hughes terms proposed justice department consent decree would given companies three months find buyer reed business baker said today would withdraw one billion dlr lawsuit filed force hughes follow merger hughes kistler speaking reporters pct hughes shareholders approved merger said revised terms agreement give companies six months find buyer reed drilling bit business previous agreement proposed three month period kistler said government also indicated would consider granting necessary additional three month extension complete sale said several people looking domestic drilling bit business companies kistler said also decided voluntarily sell reed plant singapore kistler estimated merger completed two weeks result annual cost savings mln dlrs said expects substantial cutbacks member workforce baker hughes inc name merged company take kistler said cost savings greater put company profitable course think third fourth quarter merger see something close breakeven said fourth quarter hughes earned mln dlrs sales mln dlrs baker first fiscal quarter ended december lost mln dlrs revenues mln dlrs reuter
foote mineral co letter intent merge rio tinto zinc
canada lease financing ltd rd qtr dec net shr cts vs cts net vs revs mln vs mln nine mths shr cts vs cts net vs revs mln vs mln reuter
u feb durable goods rose pct new orders durable goods received u manufacturers rose billion dlrs pct february billion dlrs commerce department said excluding defense orders rose pct compared revised january decline pct january durable goods fell revised pct instead previously reported pct durables excluding defense reported originally fallen pct january commerce department monday revised orders statistics reflect current inventory valuation methods february orders statistics consistent revisions officials said february order increase led transportation equipment pct pct decline january orders defense capital goods rose pct billion dlrs following pct decline january non defense capital goods orders fell pct february billion dlrs falling pct january department said electrical machinery orders rose february pct billion dlrs falling pct january primary metals orders pct billion dlrs pct decline january department said new orders non electrical machinery february pct billion dlrs three pct orders decline january reuter
b c commercial operations british commonwealth shipping co plc bcom l said would commercial service operations single public grouping management group expanded rapidly past year mln stg acquisition exco international plc mln bid steel brothers holdings plc noted operations divided financial services including money broking investment management traditional areas aviation hotels commodity trading office equipment said sector exciting prospects required different methods management financing b c planned form new public company hold commercial operations envisaged operating capital mln mln stg retained barclays de zoete wedd advise introduction independent investors subscribe additional capital believes proportion equity capital held outside investors would exceed pct total statement said continued support b c together outside capital new grouping would emerge major group right ability take advantages opportunities arose however group would seek listing time b c also said chairman lord planned retire june company proposed appointed life president current chief executive john take chairman b c shares eased p p gmt reuter
first valley corp regular dividend qtly div cts payable april record march reuter
marcus votes pct stock dividend marcus corp said board voted pct stock dividend distributed may record april said dividend applies equally holders common stock class b common reuter
u retail sales rise weak trend analysts u retail sales rose sharply february many economists said underlying consumer spending trend remains weak february retail sales jumped pct pct rise financial markets anticipated january sales revised pct drop previously reported pct decline trend toward continued spending certainly much sluggish pace said midland montagu capital markets inc averaged wide retail sales data past four months show pace consumer spending slowing combining latest data pct drop november pct gain december average retail sales gain four months pct said compared pct rise year year sales february see pattern developing said surprised see fall march especially since sales probably boosted auto sales february despite weak underlying trend economists impressed pct gain total sales excluding autos february compared revised pct decline january previously reported pct decline increase non auto sales gains durable goods well non durables noted ward mccarthy merrill lynch capital markets inc pretty healthy report noted building materials rose pct february falling pct january general merchandise store sales gained pct pct rise january signs life economy mccarthy said conclusions report future pct increase personal income january may linked new tax laws probably helped boost spending february said lot people may withholding taxes said people country get increase income go spend said economists said tomorrow release u auto sales first days march important indicator much sector add first quarter spending auto sales accounted share total february sales rising pct followed pct drop january previously reported pct fall due largely expiration sales tax deduction new tax laws january commerce department noted economists argued gain total sales excluding autos also followed decline january strength february report less strength february data compared low sales levels january said said reiners dean witter reynolds inc see continued strength durable goods sales rose pct february falling pct january february non durable goods sales gained pct declining pct january gasoline service station sales rose two pct february following pct gain january economists said higher oil prices rather increased volume gas sales probably accounted gains reiners also emphasized trend consumer spending weakening total retail sales average billion dlrs fourth quarter said january fell seasonally adjusted bilion dlrs february rose billion dlrs average looks like total mln dlrs first said look indication economy along number really us constructive bond market agreed lufkin jenrette securities corp foresee potential tighter monetary policy basis latest retail sales report fed hold data said gain february non farm payroll employment would looked discount rate cut march said fed officials wait first quarter real u gross national product data april sort things reuter
cardinal industries restates net lower cardinal industries inc said restated earnings first nine months dlrs nine cts per share dlrs cts reported previously due failure automated accounting system installed mid year replaced fourth quarter company said reliance segment sustained significant operating loss full year due accounting problems increased promotional advertising expenses full year said earned dlrs cts share dlrs cts cardinal industries said revenues year mln dlrs mln dlrs company said first quarter earnings dlrs dlrs nil per share year ago period year ago first quarter earnings however restated dlrs four cts per share said sales first quarter dlrs dlrs first half company said restated earnings dlrs five cts per share dlrs cts per share reported previously reuter
corp regular dividend qtly div cts vs cts prior qtr payable march record march reuter
industries inc nd qtr net period ended february shr cts vs cts net vs sales mln vs mln six mths shr cts vs cts net vs sales mln vs mln note period ended march one reuter
standard oil raises alaska north slope dlrs effective april one
investors pct exovir mark hammer private investor n members family told securities exchange commission acquired total shares exovir inc pct total outstanding hammer said group accumulating exovir stock since oct investment purposes may buy shares sell part current stake said intention seeking control company hammer said extensive business experience interest exovir stock may invited become member company board reuter
williams holdings bids mln stg norcros industrial holding company williams holdings plc said bidding mln stg ordinary shares building products packaging group norcros plc offer would made basis new williams shares every norcros p share norcros shares firmed p gmt close last night p statement williams said confident merits proposed merger therefore taken care propose right terms including full cash alternative offer include partial convertible alternative shareholders would receive total mln new second convertible shares williams instead ordinary share allocations offer norcros preferential shares offers one williams preferential share one norcros value p total mln stg last week williams reported pretax profits rose mln stg mln speculation bid norcros market several months dealers said initially centred plc held pct stake switched williams began accumulating shares earlier year williams suggested holding talks norcros possible merger rebuffed norcros replied benefits could achieved could also result normal trading six months end september norcros reported rise pretax profits mln stg mln turnover lifted mln mln williams holdings began expanding market capitalisation around one mln stg series acquisitions next four years pushed capitalisation around mln convertible offer would basis four williams every norcros share worth p share cash alternative would offer equivalent p share announcement bid pushed williams share price p last night close p williams said held total shares norcros pct associate held mln pct immediate response norcros reuter
mark iv iv starts bid conrac cax mark iv industries inc said started dlr per share tender offer shares conrac corp announced yesterday afternoon newspaper advertisement company said offer withdrawal rights expire april unless extended offer conditioned receipt minimum number shares conditioned arrangement financing mark iv already owns pct conrac mln shares outstanding reuter
japan ntt forecasts profits fall nippon telegraph telephone corp ntt expects profits fall billion yen year ending march projected billion year company said total sales period expected rise billion yen projected billion year ntt said business operations plan submitted post telecommunications ministry ntt said plans make capital investments billion yen including billion research development total billion year reuter
van co th qtr net shr cts vs cts net vs revs mln vs mln mths shr dlrs vs dlrs net mln vs mln revs mln vs mln reuter
spain raises call money rate pct bank spain said raised rate overnight call money pct pct immediate effect today daily auction assistance funds move followed comments yesterday central bank governor said money supply growth fast bank said later leaving rate special assistance funds second window unchanged pct surprising operators expected increase reuter
noranda mine seen full output months noranda inc said production remain shut fire damaged copper mine completely examine mine decides keep mine open would take four five months could resume full production company spokesman dale coffin said investigation could take days several weeks would specific noranda said resumes production plans operate mine one third normal tonnes annual finished capacity fire started wednesday burned late yesterday weakened part mine support structure coffin said one miner killed others trapped underground hours brought reuter
avon products buy giorgio mln avon products inc said reached agreement principle purchase giorgio inc fragrance company mln dlrs cash giorgio annual mln dlrs avon said acquisition approved avon board closing set may transaction would impact avon current dividend rate said giorgio beverly hills calif sold back fred one shareholders continue operate independently avon said avon said identified giorgio year ago preferred acquisition candidate said launching fragrance developed conjunction spring giorgio operated separate subsidiary avon said would compete avon direct selling beauty products business reuter
h k banks raise prime rates soon dealers say banks hong kong likely raise prime rates half percentage point pct following one quarter point prime rate increase two major u banks yesterday dealers said told reuters local banks may decide increase weekend routine meeting hong kong association banks g c chief dealer standard chartered bank said prime rate increases citibank chase manhattan bank pct may prompt hong kong banks follow suit said local banks want restore prime pct level beginning banks raised prime current six pct five pct february cutting points january response upside pressure hong kong dollar said medium longer term interbank rates firmed today three months ending pct yesterday five close overnight rate however fell three pct four increased liquidity local stock issue reuter
corp week year net shr dlrs net mln revs mln note company changed reporting period dec may said prior year comparisons thus applicable reuter
mexican first qtr crude exports seen dlrs average price mexico crude oil exports first quarter dlrs per barrel according preliminary figures issued press release state oil company petroleos mexicanos pemex gave direct comparison year ago figure said crude products sales expected rise billion dlrs quarter mln dlrs higher expected pct better year ago quarter prospects second quarter relatively favourable crude exports seen mln bpd expected mln month february mln january reuter
st central financial fcc sees higher earnings first central financial corp said expects earnings rise significantly said actively seeking acquisition property casualty insurance company chairman chief executive officer martin j simon told reuters interview expects earnings cts share compared cts year ago said company currently sufficient momentum achieve earnings successful completion licensing applications operate pennsylvania delaware connecticut ohio fuel earnings company currently operate new york state simon estimated company would earn seven cts share first quarter compared three cts quarter year ago eight cts share second quarter compared five cts earned expects company earn nine cts share final two quarters addition simon said first central financial actively looking several acquisition brokers looking small life insurance company acquire said acquisition mln dlr range part strategy expanding company wide spectrum insurance services specific company targeted yet would like make first acquisition said said first central financial would easy takeover target wants remain independent said implemented board directors system addition simon company biggest shareholder holds mln shares reuter
westlb luxembourg reports lower net profit westdeutsche landesbank girozentrale f said wholly owned luxembourg subsidiary westlb international sa posted decline net profit mln marks mln year earlier westlb international pay mln mark dividend westlb mln year earlier dividend lower record profit previous year could repeated due changed market conditions said increased funds also allocated provisions business first three months developed added westlb international set aside mln marks international credit risks mln marks bringing total amount provisions shown balance sheet mln marks operating profit fell mln marks mln balance sheet total fell billion marks billion reflecting lower dollar fact credit business fully offset new lending statement said westlb international business private customers showed expansion last year development aided cooperation bank savings banks west german state north rhine parent bank westlb based deposits non banks rose pct total billion westlb international said plans expand range services private clients reuter
inc th qtr loss shr loss cts vs loss dlrs net loss vs loss mln revs mln vs mln year shr loss dlrs vs loss dlrs net loss mln vs loss mln revs mln vs mln reuter
asamera inc year loss oper shr loss cts vs profit cts oper net loss mln vs profit mln revs mln vs mln note net excludes tax gain mln dlrs three cts shr vs yr ago gain mln dlrs cts shr net includes mln dlr charge reduction carrying value refinery related assets net includes mln dlr gain sale canadian natural gas property u dlrs reuter
nv hoogovens net profit mln guilders vs mln official
corp regular payout set qtly div cts vs cts previously pay may record may eight reuter
iran said test fire silkworm missile hormuz iran test fired newly acquired silkworm anti shipping missile strait hormuz set least two land based launching sites area british naval source gulf said source declined identified said iran fired chinese made missile southern gulf naval port hit missiles pack fairly big told reuters doubt could used target shipping across strait hormuz tension gulf risen since u officials last week broke news iran acquired silkworm missiles u said allow iran use missiles choke oil shipments offered warships kuwaiti tankers past missile tehran denied last sunday intended threaten gulf shipping warned u region would meet strong response british naval source said place least two sites around strait hormuz would give exact location reuter
general public utilities resumes dividends common stock pays cts
world market price upland cotton usda u agriculture department announced prevailing world market price adjusted u quality location strict low inch upland cotton cts per lb effect midnight march adjusted world price average u producing locations near texas adjusted qualities locations price used determining first cotton certificate payment rates based data week ended february adjusted world price upland cotton determined follows cts per lb northern european price adjustments average u spot location inch cotton average u location sum adjustments adjusted world price reuter
shell canada raises crude prices canadian cts bbl today edmonton
gte gte unit sell products systems inc said finalized two year agreement gte services corp eight affiliates sell line personal computer based telephone call accounting systems gte services unit gte corp competitive call accounting systems company said reuter
petro canada drill two terra nova test wells petro canada canada state owned oil company said drill two wells summer terra nova oil field offshore evaluation test results preliminary engineering work put petro canada position propose development plan terra nova field company said depending time required regulatory approvals construction could begin first oil production early petro canada said high degree confidence western portion terra nova field contains least mln cubic meters recoverable oil mln barrels could produce using floating production system petro canada said terra nova field kilometers east st john kilometers southeast field discovered petro canada encouraging results eastern portion field hope summer drilling prove additional reserves company said petro canada believes terra nova field good commercial prospect company wants move resources towards development start generating return investments petro canada said petro canada act operator two wells pct interest western portion graven block terra nova field pct interest field east block company spokesman said later field participants include canterra energy ltd mobil oil canada ltd gulf canada resources inc resources ltd exploration corp general partnership petro canada estimates reserves terra nova field graven block mln mln barrels oil company spokesman bob said petro canada calgary office combined reserves graven block field east block estimated mln mln barrels added petro canada expects spend mln canadian dlrs bring field production development budget could double company builds production system combining blocks field said petro canada estimates terra nova field graven block would produce barrels average daily production production system would maximum capacity bpd company spokesman said answer query company estimates production system combining graven east blocks terra nova field could produce bpd average daily production said reuter
u bank net free reserves mln dlrs two weeks march fed says
land end inc votes initial payout land end inc said board declared dividend cts share payable april record april company first dividend since became public entity last october reuter
american shared hospital services year period ended december shr profit cts vs loss cts net profit vs loss revs vs reuter
queensland press board recommends murdoch offer queensland press ltd board said unanimously recommended one billion dlr takeover bid investments pty ltd family company news corp ltd chief executive murdoch dlrs share cash offer nearly double market price news announced completed bid herald weekly times ltd early december offer likely said statement independent adviser australia ltd also concluded offer fair reasonable added already owned pct reuter
corp qtly dividend qtly div cts vs cts prior payable may one record april three reuter
french sources close balladur say question stimulating consumption relying budget deficit reflationary policies boost french economy sources close finance minister edouard balladur said comments followed remarks prime minister jacques chirac spokesman denis said monday ministers agreed economy sparked speculation government preparing reflationary u turn finance ministry immediately ruled move sources today said government policy remained one recovery sound finances greater efficiency said billion billion franc revenues expected sweeping privatisation program go providing public companies fresh capital billion francs two thirds go toward paying national debt privatisation revenue year billion would distributed repayment national internal debt public companies similar added sources said talk country internal debt expected grow pct year billion francs growing twice fast gross domestic product nominal gdp expected grow roughly five pct year billion francs last year broadly line earlier forecasts real gdp grow pct sources said france economic targets roughly line main trading partners government intention pushing economy grow artificial pace step neighbouring economies reuter
expects sharply higher loss state owned ag likely record loss mln schillings compared mln loss company spokesman said falling sales lower world prices largely responsible sharp increase along effects dollar fall helped give u fibre producers competitive edge told reuters firm would made small profit mln schillings lost subsidiary oil trading since withdrawn oil market firm announce results july reuter
inc nd qtr jan net shr one ct vs three cts net vs revs vs avg shrs mln vs mln six mths shr five cts vs six cts net vs revs vs avg shrs mln vs mln reuter
currencies could influence bullion montagu currency fluctuations may influence bullion market near future bullion bankers samuel montagu co ltd said market report firm said silver may lag behind gold movements foreign exchanges opec failure address recent decline oil prices remains worrying factor however balance appears market approached cautiously montagu said bank said us economy shown long term improvement latin american debt iranian arms affair could undermine confidence dollar reuter
frontier texas corp nd qtr nov net oper shr profit one ct vs loss four cts oper net profit vs loss revs vs avg shrs vs st half oper shr profit nil vs loss eight cts oper net profit vs loss revs mln vs avg shrs vs note current year net periods excludes tax credit dlrs reuter
norway trade deficit widens february norway trade deficit widened february mln crowns mln crowns january mln crowns february last year central bureau statistics said exports dropped billion crowns last month compared billion january billion february added crude oil natural gas exports totalled billion crowns february billion january billion year ago reuter
philippine sugar crop set mln tonnes philippine sugar production crop year ending august set mln tonnes provisional mln tonnes year sugar regulatory administration sra chairman yulo said yulo told reuters survey current milling season ends next month showed estimate would almost certainly met said least mln tonnes crop would earmarked domestic consumption yulo said tonnes would set aside u sugar quota tonnes strategic reserves tonnes would sold world market said government approved long standing sra recommendation manufacture ethanol project would take another tonnes slightly raising target government reasons delaying approval project expect come july yulo said ethanol could make five pct gasoline cutting oil import bill mln pesos yulo said three major philippine distilleries ready start manufacturing ethanol project approved ethanol project would result employment people sharply reducing thrown work depressed world sugar prices domestic industry production quotas set first time submitted president corazon aquino think president would rather wait new congress may elections said really need quotas right producing slightly consumption level producers never enjoyed high prices yulo said adding sugar currently selling locally pesos per pesos last august yulo said prices driven speculation following sra bid control production longer concerned much world market said adding producers region learned diversified corn farming production said diversification products ethanol also possible within sugar industry long ago yulo said sugar mills compared many diversified production want call sugarcane industry instead sugar industry said sugarcane could fed livestock used used room cut sugarcane even produce sugar said yulo said philippines renewal international sugar agreement expired major sugar producer urging write new agreement would revive world prices yulo said agreement world prices always depressed particularly european community producers dumping sugar markets said current world prices holding steady cents per pound philippines production costs ranged cents pound price holds steady cents expect level rise cents pound end year said yulo said economists forecast bullish sugar market world consumption production said sugar markets holding despite artificial high corn happy reagan administration said since regular suppliers sugar u restored quota system cut half without justification manila watching washington moves cut domestic support prices cents pound cents u agriculture department last december month sugar import quota philippines short tons short tons yulo said despite next year increased production target philippine mills expected shut least four mills working season said expect two three follow suit next season reuter
cocoa consumers narrow gap buffer stock issue representatives cocoa consuming countries international cocoa organization icco council meeting edged closer unified stance buffer stock rules delegates said consumers yet common position observer said consumer meeting much tone positive european community consumers split question cocoa buffer stock operated icco met january put new international cocoa agreement effect delegates said january meeting france producers buffer stock operate delegates said meeting ended without agreement new buffer stock rules ec commission met brussels friday see whether ec cocoa consuming nations could narrow differences month meeting commissioners came away friday meeting informal agreement respond signs flexibility among producers key buffer stock issues delegates said key issues council session icco members whether non member cocoa eligible buffer stock purchases price differentials buffer stock pay different types cocoa delegates said consumer delegate said producers consumers able compromise non member cocoa question working group comprising delegates producing consuming member countries met briefly morning broke producer meeting ec meeting followed consumer meeting producers favour buffer stock buying variety grades cocoa oppose non member cocoa accepted reviewed position ahead working group meeting afternoon waiting see consumers say producer delegate said hope flexible difficult negotiate icco comprises member countries non members include u consumer malaysia increasingly important producer reuter
u money supply falls mln dlrs u money supply fell mln dlrs seasonally adjusted billion dlrs march week federal reserve said previous week level revised billion dlrs billion four week moving average rose billion dlrs billion commenting february growth broader monetary aggregates fed said fell billion dlrs rose three billion economists polled reuters projected mln dlr fall billion dlr drop change reuter
australian oil tax cut seen boosting output percentage point reduction australian government maximum crude oil levy old oil would stabilize bass straits oil output resources analyst story said reduction pct pct would enable bass strait output maintained current rate barrels per day bpd next year rather falling bpd told australian petroleum exploration association annual conference story analyst director sydney stockbroker philips ltd windfall profits taxes bass strait crude longer appropriate current economic climate story said maximum pct levy old oil discovered september forcing broken hill pty co ltd brkn exxon corp xon partnership shut production accelerating decline output reducing government revenue said said producer return per barrel price australian dlrs barrel would rise dlrs dlrs levy cut pct economics pct levy simply attractive oil prices dlrs story said cutting maximum levy rate pct would create higher levels self sufficiency increase government revenue boost exports provide incentives exploration development said government currently reviewing oil tax structure reuter
ec must explain farm policy u france says u european community could enter new trade dispute unless urgent action taken explain ec farm policy u congress french official sources said said prime minister jacques chirac planned urge ec commission president jacques delors send team experts washington soon possible chirac returned paris morning three days talks new york washington trade protectionism centre new trade tension ec commission proposal tax vegetable oils sources said reuter
rpt insituform north america inc net th qtr shr nine cts vs four cts net vs revs vs avg shrs vs year oper shr cts vs cts oper net vs revs mln vs avg shrs vs note year net excludes dlr tax credit reuter
baker repeats hopes prime hike temporary treasury secretary james baker reiterated hope week rise prime rates would temporary blip upwards would hope would simply temporary blip upward seen past baker said television interview cable news network interview tomorrow released remarks today baker also repeated position reaction financial markets u tariffs japanese electronic goods showed importance united states going protectionist markets telling us careful reuter
yeutter says u japan trade difficulties remain u trade representative clayton yeutter said unsure whether trade issues straining u japanese relations would resolved two countries open trade talks late april high level discussions issues within united states relationship strained us japan moment need relieve strains earliest possible date said sure wait late april added yeutter new zealand two day informal meeting trade ministers reviewing uruguay round general agreement trade tariffs gatt said meet japanese delegation next days declined discuss methods relieving strain two countries yeutter said earlier three trade issues semiconductors japanese government unwillingness allow public entities buy u super computers barring u firms eight billion u dlr kansai airport project near osaka japanese delegation gatt talks said statement yesterday making major efforts trade barriers country convinced attempting move policies right direction question far fast yeutter said reuter
treasury baker hopes prime rate rise temporary treasury secretary james baker said hopes yesterday small increase two major money center banks prime rate temporary hope temporary blip upward told house appropriations subcommittee said decline interest rates since president reagan took office remains one significant economic area administration reuter
inc st qtr feb net shr cts vs cts qtly div four cts vs four cts prior net mln vs revs ln vs mln note qtly div payable april shareholders record april three reuter
u bank discount borrowings average mln dlrs day march week fed says
roy co sets quarterly qtly div cts vs cts prior pay june record may reuter
japanese seen u bond holdings dollar record low yen tokyo today major japanese investors u bond inventory expected spur diversification investment assets including foreign domestic shares dealers said key u pct treasury bond due fell low early tokyo trade new york finish recovered trust bank pension fund investment trusts seen selling several hundred million dollars foreign exchange market today unit securities house dealers said seem fresh yen cash positions resulting dollar sales today currency market interest rates outlook clarifies securities co ltd currency trader said dollar plunge low yields u bonds promote diversification foreign investments well call back funds domestic bond stock markets overseas bond markets securities bond managers said said major japanese investors past two years estimated held pct foreign portfolios u bonds many u bond inventory low pct since late last year japanese investors seeking substantial liquidity attractive yields used fresh funds buy mark canadian dollar bonds paris currency pact actively bought french franc bonds gilts gradually u bond inventories managers said dealers said funds tied foreign assets flowed local bond stock markets well yield key pct th bond dropped record low pct today saturday finish compared pct three month certificates deposit key bond less five basis points month suggesting dealers could satisfy needs capital gains dealers said market survey reuters showed active accounts u currently dealing tokyo stock market stock market late last week partly due funds transferred u dealers said japanese net purchases foreign securities first half march fell estimated one billion dlrs compared average monthly net purchases billion whole finance ministry sources said steep fall due japanese investors cool attitude towards u bonds amounted pct total foreign securities purchased securities houses managers said foreign stock buying march expected exceed record high billion dlrs seen december said diversification foreign portfolios underway bought bonds currencies marks canadian dollar ecu french franc fund manager trust banking co ltd said reuter
rubber talks chairman cites slight progress slight progress towards reaching rubber pact chairman united nations conference new international natural rubber inra manaspas xuto thailand said slight progress end road yet said conference began monday seen last effort adopt accord replace current one expires october producing consuming countries taking part two week meeting xuto said key outstanding issues resolved tomorrow would hold weekend meetings beginning conference fourth meeting nearly two years xuto said settle issues week technical drafting work done next week conference sources said highly unlikely producers accept pact provide possible downward adjustment floor price proposed consumers certain circumstances sources said means possible adjustment would centre reference price may buy may sell must buy must sell levels without changing lower indicative price floor price malaysian singapore cents kilo present pact present five day average indicator price around malaysian singapore cents consumers seeking adjustment reference price set current accord malaysian singapore cents kilo lower indicative price buffer stock currently tonnes rises tonnes consumers want price reviews month intervals instead present price revision mechanism respond automatically market trends present market price reference price six months reference price revised five pct amount decided international natural rubber organisation council consumers say circumstances adjustment automatic five pct producers resisted reducing role council price adjustment procedure expressed concern changes proposed consumers would weaken present pact reuter
metropolitan financial acquire company metropolitan financial corp said signed agreement acquire stock closely held rothschild financial corp st paul minn details purchase withheld said rothschild mln dlrs mortgage loans loan servicing portfolio stands billion dlrs officials companies estimated combined efforts could produce mln dlrs loan servicing portfolio well billion dlrs yearend reuter
companies inc first qtr net shr profit three cts vs loss cts net profit vs loss rev mln vs mln avg shares vs reuter
pearson plc l yr ended dec shr p vs p final div p making p vs p pre tax profit mln stg vs mln net profit minorities mln stg vs mln turnover mln vs mln pre interest profit mln vs mln net interest mln vs mln tax mln vs mln minority interests mln vs mln extraordinary debit mln vs credit mln note extraordinary debit reflected full provision discontinuing financial times printing operations house partly offset gains disposals reuter
n business loans fall mln dlrs march week fed says
treasury baker pursuing asian treasury secretary james baker told house appropriations committee united states still pressing newly industrialized south asian nations tied currencies dollar let currencies strengthen u currency seen strengthening currencies much would like said somewhat disappointed results far intend continue discussions said reuter
mexico reserves reach eight billion dlrs additional capital inflows billion dlrs far year boosted mexico reserves eight billion dlrs director public credit gurria told reporters money coming back mexico improved investor confidence tight policy forced credit industries capital inflows totalled billion dlrs fourth quarter gurria said mexico accumulating reserves said new loans increase pool funds available badly needed investment first tranche new six billion dlr loan drawn second quarter mexico still enough reserves pay imports debt service four five months gurria noted nevertheless gurria said mexico expect draw commercial banks billion dlr investment support contingency facility money available april mexico export receipts price oil fall certain levels mexico failed qualify first two drawings totalling mln dlrs gurria said today expect never use gurria said mexico know june whether draw second contingency facility included bank financing package mln dlr growth co financing loan world bank finance minister said signed yesterday mln dlr loan world bank support development exports manufactured goods also said first mln dlr tranche one billion dlr loan japanese government support steel oil export promotion disbursed end month mexico also due make third drawing international monetary fund credit next days based successful review end economic results said mexico final stages discussions determine economic targets allow continue draw imf rest reported mexico far concluded eight bilateral accords government creditors within paris club governments signed paris club agreement last september restructured billion dlrs official debt said hopes finalize pacts remaining eight countries next weeks keeping spirit september agreement said countries organization economic cooperation development continued provide export credit facilities mexico despite debt restructuring reuter
belgian unemployment falls february belgian unemployment based number jobless drawing unemployment benefit fell pct working population end february pct end january national statistics office said rate compares pct end february total number jobless stood compared end january end february statistics office said reuter
warburg pincus starts symbion bid warburg pincus capital corp said started tender offer common shares symbion inc dlrs newspaper advertisement firm said conditioned receipt minimum number shares conditioned holders symbion receive fair value shares provisions utah business corporation act warburg said receipt shares would raise interest symbion pct pct currently give control warburg said reserves right buy shares offer present intention said asked symbion provide shareholder list help offer firm said offer proration period withdrawal rights expire april unless extended reuter
n bank discount borrowings nil week eight major new york city banks borrow federal reserve week ended wednesday march fed spokesman said second half two week bank statement period ended wednesday banks borrow first week period reuter
inc cent year net oper shr cts vs six cts oper net vs revs mln vs mln note years exclude loss discontinued operations dlrs dlrs respectively reuter
japan chip makers angered u plans japanese computer chip makers reacted news united states plans take retaliatory action failing live agreement trade computer microchips electronic industries association japan chairman saba stated believes premature even attempt assessment impact agreement efforts comply six months agreement urge u governmental authorities reconsider decision made evaluate fairly results japanese efforts implementing objectives agreement resist said yesterday washington announced plans much mln dlrs tariffs japanese imports retaliation sees japan failure comply terms pact agreement struck late last year months heated negotiations called japan stop selling cut price chips world markets buy american made semiconductors salvage pact tokyo instructed chip makers slash production helped establish multi organisation designed promote chip imports saba said japanese chip companies pledged three mln dlrs next five years new organisation expressed regret american company seen fit join suggests american semiconductor manufacturers may really interested participating japanese market said reuter
household int l hi projects earnings rise household international inc said expects fully diluted earnings per share first quarter pct year ago period also looks full year fully diluted earnings pct higher record dlrs share reported chairman donald clark remarks prepared delivery new york security analysts cited increased earnings household financial services excellent return equity household manufacturing combined impact share repurchase program result higher earnings per share improved return equity reuter
sims inc rd qtr jan net shr profit five cts vs loss cts net profit vs loss revs mln vs mln avg shrs mln vs mln nine mths shr profit cts vs loss cts net profit vs loss revs mln vs mln avg shrs mln vs note current year net periods includes dlr gain sale property reuter
american brands sees record first quarter results
industries inc year net shr cts vs cts net vs sales mln vs mln avg shrs vs reuter
penney jcp sets stock split raises quarterly j c penney co inc said board declared two one stock split raised quarterly dividend cts per share presplit basis cts payable may one holders record april reuter
holmes inc th qtr net shr cts vs cts net vs revs mln vs mln avg shrs vs mths shr cts vs cts net vs vs avg shares vs reuter
santa realty quarterly dividend qtly div cts vs cts pay april record march santa realty enterprises inc reuter
dlr yen counter paris pact miyazawa finance minister kiichi miyazawa said regards u dollar yen counter agreement struck major nations paris last month told upper house budget committee parliament japan intervened market dollar went yen considered dollar fall level counter spirit paris accord commenting current foreign exchange movements miyazawa said japan would watch developments another couple days institutional investors appeared sold dollars hedge currency risks ahead end financial year today miyazawa said behind recent dollar fall lies market perception major nations enough implement policies paris pact said noting passage japan budget delayed said time major nations act paris accord u west germany france switzerland britain intervened account prop dollar said concerted action reuter
corrected federal paper board co payout qtly div cts vs cts prior qtr payable april record march company corrects amount previous payment march item show change reuter
energy pipeline agreement energy corp said board entered agreements corp private based company buy pct interest general partnership east central pipeline pct interest lincoln gas marketing corp east gas gathering transmission system southern kansas northern oklahoma said turn purchased one mln shares common taken options purchase another two mln shares next months reuter
academy insurance group inc th qtr net oper shr profit one ct vs loss dlrs oper net profit vs loss mln year oper shr loss cts vs loss dlrs oper net loss mln vs loss mln note excludes investment gains one ct per share vs cts quarter gains cts per share vs cts year excludes loss discontinued operations three cts per share fourth quarter loss cts per share vs loss dlrs year reuter
dutch green coffee imports fall january dutch green coffee imports fell tonnes january tonnes january exports fell tonnes central bureau statistics said imports colombian coffee tonnes january brazilian indonesian ivory coast reuter
group raises texstyrene foam stake pct investor group led dart container corp sarasota fla plastic maker told securities exchange commission raised stake texstyrene corp common shares total outstanding group said bought shares investment intends continue buy texstyrene stock future group said recent purchases included shares bought march ordinary brokerage transactions reuter
u treasury baker sees rate stability treasury secretary james baker said agreement among industrial countries reached paris last month foster stability exchange rates around current levels testimony house appropriations committee baker outlined many measures taken designed achieve balanced growth reduction trade imbalances paris meeting measures also foster greater stability exchange rates around current levels said baker reiterated ministers paris meeting agreed currencies within ranges broadly consistent underlying economic fundamentals substantial exchange rate shifts could damage growth adjustment prospects added circumstances agreed cooperate closely foster stability exchange rates around current levels reuter
general electric ge sell unit general electric co ge semiconductor business said agreed sell unit group led unit president terms disclosed founded company produces precision data acquisition conversion control components sold ge reuter
acquires van chain restaurants inc said acquired van inc chain ten franchises one corporate restaurant unspecified amount cash shares reuter
total resources ltd year net shr profit nine cts vs loss cts net profit vs loss revs vs note net includes mln dlr nine ct shr writedown nine pct stake trans canada resources ltd results reflect six mths mining operations due merger gold mines ltd total exploration ltd june reuter
australian annual broad money supply growth pct january
chubb corp cb sets qtrly payout qtrly cts vs cts prior pay april record march reuter
oecd sees major adjustment australia australia faces major medium term adjustment reduce debt improve economic performance organisation economic cooperation development said latest annual review australian economy said australia current external deficit pct gross domestic product high rapidly rising external debt equal pct gdp growing servicing costs inflation nine pct far higher oecd countries major policy change early helped lay basis sustained non inflationary growth external competitiveness improved economic performance overall sharply deteriorated since june major shift real resources external sector pct gdp required economy expand line potential employment grow debt gdp ratio stabilize said success depended setting right policies including tighter fiscal policy reduction public sector borrowing requirement private sector behaviour looking ahead next months oecd expected economic performance improve partly result tighter fiscal monetary policy substantial improvement trade volumes said positive gdp growth three pct might restored current external deficit could fall pct gdp first half next year inflation projected around five pct mid continued real wage essential maintain competitive edge created australian dollar depreciation maintain boost profit shares order encourage business investment report urged australia broaden export base developing viable competitive service manufacturing industries count recovery commodity markets correct external imbalances added australia reduce protection levels manufacturing even though faster trade liberalisation would doubt hurt protected sectors industry reuter
new lme aluminium contract welcomed trade london metal exchange lme decision introduce dollar denominated aluminium contract port singapore listed delivery point positive move physical traders lme dealers said earlier week lme declared pct minimum purity aluminium contract would commence trading june alongside long established sterling based pct contract lme first dollar contract non european delivery point board committee looking singapore delivery point contracts trade sources said lme new contract conform existing industry practice standard material priced dollars traded location warehouse singapore also positive move lme given ideal location australian japanese traders would able place metal warrant relatively said hedging lme ring sessions becomes much dollar contract present pre market trading almost exclusively dollar based currency done sterling added lme ring dealers said new contract would match closely trade requirements possibly alleviate recent wide backwardations little physical business done pct purity metal nearly produced eastern bloc countries romania soviet union also produces pct declined exporter recently said dealers said new contract may suffer liquidity problems initially business may continue centre present good ordinary brand contract many holders large short positions lme others said new contract would soon attract trading interest given much metal already attracted lme warehouses backwardations lme also much viable liquidity base new contract compared comex market new york high grade aluminium futures particularly active said thus seems likely sterling contract eventually lose trading interest volumes decline like standard zinc high grade contract aluminium probably replaced although process case may take longer added forming new contract establishing singapore warehouse constructive moves lme backwardations make physical trading difficult would totally disappear result trade sources said premiums prompt metal become semi permanent feature last year due increased business volatility traded options presently around stg increasingly large granting option positions taking place declared exercised end relevant month physical tightness around dates said listing singapore delivery point allows far eastern operators deliver aluminium lme warehouse instead cover tightness backwardations seen continuing even though lme new option contracts widen gap declaration prompt dates due first third wednesday month whereas present fall th th backwardations remain operators continue grant options potential tonnage delivered exceeds aluminium stock levels lme option trader said reuter
jim walter corp nd qtr shr cts vs cts
ual ual completes buy hilton int l ual inc said completed acquisition hilton international transworld corp paying mln dlrs cash securities hilton international add hotels ual westin hotel unit operates hotels two total hotels employees said harry chairman chief executive ual westin hotel unit elected additional post chairman chief executive hilton international ual change name allegis annual meeting reuter
inc rd qtr feb net shr seven cts vs four cts net vs revs vs nine mths shr cts vs cts net vs revs mln vs mln reuter
economists cut austrian gdp growth forecast institute economic research wifo said cut forecast austria gross domestic product growth real one pct two pct forecast made last december wifo chief helmut kramer told new conference saw one pct figure compares pct last year upper limit growth institute made revision due poor prospects austrian exports added collapse sales eastern european oil producing states combined effects dollar fall mean exports overall unlikely rise year kramer said domestic demand alone would fuel growth year last year pct rise real incomes private consumption likely rise pct pct despite present trend towards higher savings unemployment likely rise almost six pct pct last year due slack economic activity kramer said current account likely run deficit four billion schillings compared billion surplus recorded last year national bank austria central bank last month forecast current account would roughly balance year however kramer said lower economic growth notable effect government attempts cut budget deficit year aim reducing deficit pct gdp pct could still achieved said reuter
baker co votes dividend qtly div cts vs cts prior qtr payable june record may reuter
commercial international makes purchase commercial international corp said completed previously announced acquisition assets growers distributing international corp table grape marketer undisclosed amount said entire purchase price payable three year period based percentage pre tax earnings acquired operation company said option acquire growers cold storage facility related assets county calif growers owned commercial chairman jr director arnold jr reuter
paint company metex stake may buy metropolitan consolidated industries inc new york paint company said acquired shares metex corp pct total left open possibility might acquire merger filing securities exchange commission metropolitan said bought metex stock investment also said may buy additional shares sell current stake buys shares metropolitan said would consider open market private deals exchange offer tender offer merger metropolitan said may acquire option may buy metex shares owned william metex director together holds company common shares pct total metropolitan said already option buy another metex common shares dlrs option exercisable april said metropolitan exercise option acquire stake would metex common shares pct total metropolitan sec filing made shareholder group metropolitan said spent mln dlrs acquire metex stake listed recent stock purchases common shares march dlrs shares march dlrs reuter
lawson says u k election ems bar british chancellor exchequer nigel lawson said next u k election element standing way full british membership european monetary system ems added arguments joining weakened prime minister margaret thatcher widely believed strongest government full ems membership made clear expect consider joining next uk election due mid latest lawson answer question told reporters informal european community finance ministers meeting factors apart upcoming election stood way full membership addition question exchange rates britain enter ems core exchange rate mechanism also impact sterling membership system considered said british entry would change ems system based west german mark mark sterling system noted make sure would work lawson added considerations made difficult britain join past less problem example cited sterling role said argument clearly weakened said lawson restated government keeping question membership review reuter
east co results year group pre tax profit mln crowns vs mln net turnover billion crowns vs billion dividend eight pct vs nil group profit tax mln crowns vs mln reuter
uk cross field prt relief smaller fields cross field allowance relief petroleum revenue tax prt announced u k chancellor exchequer nigel lawson week favour smaller non prt paying fields according stockbrokers wood co cross field allowance pct spending new oil field prt liability fields restricted new offshore developments outside southern basin yet gain b approval report stockbrokers said new field paying prt due small size relief would directly benefit prt saving existing field cross field allowance mainly benefit fields prt liability report said adding timing development fields may advanced government would effect developments pct capital expenditure corporation tax report said fields likely pay prt future benefit timing although liabilities existing fields reduced immediately liabilities larger new fields rise future due loss said study probable fields report said rates return examined rise prt paying field miller largest undeveloped oil field u k north sea pct rise small non prt paying field pct report added fields pay prt cost able early relief costs unavailable offset field future profits pct costs lost thus saving prt field development starts matched rise prt later time reuter
balladur maintains pct inflation target february pct year year
uganda routes coffee exports kisumu long delays railway kenyan border led uganda route coffee exports ferry link kenyan port kisumu across lake victoria ugandan officials based kenya said uganda direct rail link kenyan port conducts pct external trade shortage railway said customs kisumu take less day compared two three rail border ugandan official said handling pct trade coffee oil goes kisumu said however accident recently damaged ferry kisumu ugandan port causing lake route sources coffee marketing board reported delays coffee export shipments last january due lake ferries coffee accounts pct uganda export earnings last november president ordered coffee shipments carried rail order avoid higher costs road reuter
mobile communications corp yr net shr cts vs cts net mln vs mln revs mln vs mln avg shrs mln vs mln note net includes gain mln dlrs sale dec pct interest cellular telephone operations bellsouth corp net income also reflects non recurring charges dlrs recorded fourth qtr primarily reflecting revaluation assets full name company mobile communications corp america reuter
baker says u wants stabilize exchange rates treasury secretary james baker said united states nations willing cooperate stabilize foreign exchange rates levels existed time international agreement last month position respect dollar goes back paris agreement currencies within ranges broadly consistent underlying economic conditions baker told senate committee baker continued said others willing cooperate closely foster stability exchange rates around levels referred february agreement six leading industrial nations cooperate monetary matters baker refused answer question whether japan germany done enough stimulate domestic economies united states support dollar comment foreign exchange market less intended statements baker said baker said recognized must carry share load correcting external imbalances world economy cited news reports germany would increase proposed tax cut five billion marks stimulate domestic growth japan also agreed consider measures japanese budget made final baker said nations stimulating economies manner consistent gains inflation reuter
economic spotlight saudi arabia economy higher world oil prices coupled new austerity could lift saudi arabia economy five years falling revenue growing budget deficits bankers diplomats said months ahead prove critical government attempts act defending higher oil prices recovery bigger role private sector economists said oil earnings could recover year billion dlrs nominal gross domestic product could grow three pct first rise since economists said possible organisation petroleum exporting countries opec succeeds defending world oil prices saudi arabia forced curtail output long saudi arabia keeping production defend opec newly established dlr barrel benchmark price oil minister hisham nazer told reuters output running three mln barrels per day bpd well saudi arabia opec quota mln set first half king fahd personal authority opec new found determination defend prices move western diplomats believe kingdom need secure stable source income economy saudi arabia still world largest oil exporter wealthy country past five years declining revenue taken toll economists estimate gross domestic product fell pct last year pct oil revenue last year prices briefly dipped dlrs per barrel probably totalled billion dlrs compared peak billion austerity still saudi arabia allowed dip recession saudis afford draw reserves temporarily offset worst effects diplomat said short term kingdom lessen impact lower oil revenues budget deficit drawing foreign reserves still put around billion dlrs policy cannot pursued indefinitely bankers diplomats said would amount fiscal longer term also increases public sector time government publicly urging private enterprise take lead role economy bankers diplomats said government well aware risks attached policy determined tough oil front even means short term depletion reserves budget deficit targetted huge billion riyals pct total budget need draw reserves foreign borrowing ruled commerce minister al told saudi businessmen week government carefully considered need stimulate economy drawing budget plans late last year therefore took bold step withdrawing billion riyals reserves pumping economy said reserves built late early saudi arabia pace construction high spending became economy huge changes kingdom private sector poor management gone easy days oil boom modern techniques cost control introduced markets expanded labour forces inventories cut back workforce fallen sharply number new bankruptcies appears declining saudi banks hit hard non performing loans corporate sector become highly selective extending new credit government moves encourage lending investigate company complaints late public sector contract payments could boost confidence recession slowed nation program discouraged foreign investment private still high banks report cash placed deposit saudi arabia attempts shift weight economic development public private sector one biggest convince businessmen channel personal savings industrial projects within kingdom refrain invest abroad reuter
international inc th qtr net shr five cts vs cts qtly div two cts vs two cts prior net vs sales mln vs mln year shr cts vs cts net vs sales mln vs mln note net includes tax credits dlrs quarter dlrs year net periods includes dlr pretax inventory writedown dividend pay march record march reuter
avia stockholders seek block sale reebok avia group international inc stockholders filed class action suit county circuit court seeking halt sale avia reebok international ltd avia stockholders also seek receive compensation defendants include avia directors according court papers suit grew meeting several dozen dissatisfied minority stockholders avia following announcement reebok proposed acquisition avia sudden drop price avia stock complaint filed behalf portland area owns shares avia robert also portland area owns shares individuals held stock time reebok announcement trial requested actions small group avia hurt little said stockholders according statement organized committee complaint reviews price action avia stock march noted purchased stock dlrs dlrs per share price fell dlrs dlrs share following reebok announcement complaint asked defendants proceeding reebok acquisition avia also requests damages determined time trial avia said seen court papers said comment suit reuter
national bank boat raises prime bancshares said national bank raised prime rate pct pct effective immediately reuter
german veba placement said likely early next week placement german federal government pct stake utility veba ag f would probably take place early next week banking sources said share dealers said speculation arisen early pre bourse market veba announcement could come early today one banking source though confirming details worked said chances announcement today nil price details mln shares offer expected bring cash call germany well two billion marks share around marks today drop yesterday reuter
wormald acquire stake holmes protection fire protection security group wormald international ltd said british listed holmes protection group inc agreed issue mln common shares one u cent par value stg two groups also begun exploratory talks possible merger holmes business compatible businesses wormald comprising fire protection security businesses europe wormald said statement issue shares new york based holmes conditional upon shareholder approval general meeting wormald said stake represent pct holmes existing issued shares pct enlarged capital issue raise mln stg used development holmes business wormald said businesses two groups largely complementary terms spread nature activities holmes concentrating wormald fire systems holmes operations concentrated around new york miami earned mln u dlrs pre tax last reported full year mln first half reuter
swiss wholesale prices fall pct february swiss wholesale prices fell pct february giving drop pct february federal office industry trade labour said prices unchanged january giving annual drop pct fell pct year february wholesale price index base stood february last year office said fall largely due lower prices energy raw materials semi finished goods consumer goods prices rose slightly reuter
coffee price drop affecting colombia debt sharp fall international coffee prices affect colombia external credit situation finance minister cesar gaviria told reuters foreign debt high pay hope foreign banking community maintain position toward us said said current decline world coffee markets totally unexpected would immediate bearing colombia financial state described sound gaviria said decline coffee prices could mean loss billion dlrs revenues conservative party country largest trade union called week debt rescheduled following price drop colombia major latin american country rescheduled external public debt total foreign debt billion dlrs reuter
publishing co th qtr net shr cts vs cts net vs revs mln vs mln avg shrs vs mln year shr dlrs vs dlrs net mln vs mln revs mln vs mln avg shrs mln vs mln note interest expense dlrs vs dlrs quarter dlrs vs dlrs year year net reflects undisclosed amount expenses defense takeover effort reuter
bolivian tin miners start hunger strike miners employed state corporation comibol went hunger strike press higher wages miners union spokesman said victor executive secretary miners union told news conference strikers began fast major tin mining action would spread tomorrow la paz areas government charged strike miners union massive layoffs part left wing plan coincide visit west german president richard von weizsaecker four day official tour friday miners union chief simon told reporters strike nothing press government investment comibol government president victor paz estenssoro streamlined deficit ridden state mining corporation laying miners two thirds workforce following collapse international tin price reuter
investors set deadline japan fund investor group includes boone pickens iii said set deadline est march offer acquire japan fund inc group also includes sterling grace capital management inc lp anglo american security fund lp said willing deposit escrow japan fund shares worth two mln dlrs insure ability obtain financing japan fund approves offer group said japan fund responded offer worth mln dlrs current market prices reuter
leclerc inc six mths net shr cts vs cts net vs revs mln vs mln note period ended february reuter reuter
japan industrial production rises february japan industrial production index base rose pct seasonally adjusted february previous month ministry international trade industry said output fell pct january month earlier preliminary unadjusted february index rose pct year earlier pct year year rise january adjusted february producers shipment index base rose pct january fell pct december unadjusted shipment index rose pct year earlier pct year year january gain adjusted february index producers finished goods base fell pct january fell pct december unadjusted index fell pct year earlier pct year year drop january pct rise electronics industry higher output machines video tape recorders major rise february industrial output though car production fell january official said industrial production expected rise pct march higher production machinery steel chemical makers drop pct april downturn output industries gave details reuter
pearson concentrates four sectors pearson plc l said recent sale engineering companies mln stg management buy part policy concentrating four key sectors statement results company said information sector financial times ft newspaper record sales profits ft subject mln stg investment programme printing publishing operation moving new plant london next year key sectors merchant banking oil china commenting camco inc oil service subsidiary pearson said believes oil business setback temporary group acquiring oil properties u britain begin make significant impact profits far east operations fine china subsidiary royal ltd expanded wake record recent sales japan added pearson reported pre tax profit mln stg mln turnover fell mln mln reuter
chrysler take renault stake american motors says renault
u k confirms january sterling rise bank england said broad measure u k money supply sterling rose seasonally adjusted pct january pct rise december unadjusted year year rise pct pct year december narrow measure money supply fell seasonally adjusted pct january rose non adjusted pct year year bank said figures confirm provisional data issued bank two ago december grew seasonally adjusted pct non seasonally adjusted pct year year bank said sterling bank lending grew non seasonally adjusted billion stg january also confirmed provisional figures issued february measure private sector liquidity fell pct january seasonal adjustment rose pct bank said bank said public sector contribution growth sterling billion stg within public sector borrowing requirement psbr showed repayment billion stg non bank private sector holdings government debt fell billion stg fall mln stg notes coin january fall billion stg non interest bearing sight deposits rise billion stg interest bearing sight deposits bank said reuter
venezuela partner coal venture petroleos de venezuela announce within two weeks name foreign consortium chosen help exploit coal deposits western state pdvsa president juan said told reporters foreign partner provide capital well technical marketing expertise project state oil company manage pdvsa officials said among bid partnership consortium agip subsidiary italy ente nazionale idrocarburi eni atlantic richfield arc united states minister energy mines arturo hernandez grisanti said discussions currently taking place finalize terms contract foreign partner pdvsa vice president said last week first shipment coal project made final quarter would measure metric tons plans call production eventually reach mt annually said original investment project approximately billion reuter
dome pete dmp said pressed sell encor dome petroleum ltd pressure one largest creditors canadian imperial bank commerce sell pct stake encor energy corp ltd energy industry analysts said dome pledged mln encor shares security part debt commerce bank estimated last year mln canadian dlrs bank wants dome sell stock pay debt analysts said commerce slowly surely moving encor direction might make asset said one analyst asked named dome earlier said considering selling encor energy reaffirmed company pct interest canadian gold producer dome mines ltd sale right price dome negotiating plan restructure billion dlrs debt sees encor strategic investment intend sell spokesman david annesley said encor shares pay dividends commerce bank spokesman also declined comment asked whether pressing dome sell encor stake current market prices dome stake encor would valued mln dlrs mln dome mines shares would worth mln dlrs recent strength price encor shares may also prompt commerce bank press dome divest holding canadian oil gas producer analysts said encor stock price improved quite substantially recent weeks crude prices peters co ltd oil analyst wilf gobert commented possibility commerce bank would like see sold levels get able recent years added encor traded earlier toronto stock exchange near week high around six dlrs early february company also recently set operating management previously carried dome petroleum placements canada inc analyst denis commented dome encor actually going get apart sale make lot sense said however analysts said dome resist moves divest encor favor operating assets since sale proceeds would likely go directly pay dome debt commerce bank think probably try hang onto encor long said bache securities inc analyst doug dome group major creditors might move block sale arguing claim company assets creditors generally want make sure something might able get sold said analyst gobert another stumbling block would encor mln dlr joint liability loans dome petroleum advanced arctic petroleum corp japan sea exploration analysts said similar could also possible sale dome petroleum interest dome mines dome mines guaranteed mln dlrs dome petroleum debt right consent sale dome petroleum holding potential buyer dome mines shares would seek type relief company debt obligations connected dome petroleum gobert said dome spokesman annesley earlier declined specify price company would consider selling dome mines shares said current prices dlrs share attractive reuter
newmont gold sees gold sales rising newmont gold corp expects gold sales rise pct ounces ounces company said annual report newmont gold pct owned newmont mining corp nem said expects significant increases gold sales well reuter
group inc eight mths jan three net oper net mln revs mln mths oper net mln vs mln revs mln vs mln note eight months represents earnings following acquisition may company went private period ending jan excludes mln dlrs interest expenses mln dlrs acquisition mln dlrs income taxes reuter
taft broadcasting rejects dlr per share buyout offer theta corp
cable tv inc sets quarterly qtly div six cts vs six cts prior pay april record april nine reuter
dome petroleum reaffirms dome mines stake sale right price spokesman says
american brands amb sees higher st qtr net american brands inc said expects first quarter net earnings exceed record mln dlrs dlrs share earned year ago quarter company also said believes sales first quarter record sales billion dlrs last year company said unit sales american tobacco lucky strike filter line rose pct last year led gain lucky franchise american brands said introduce new low priced brand cigarettes called company u k based gallaher ltd unit strong performance became second largest operating earnings american brands said reuter
geodome resources proceed mine geodome resources ltd said based feasibility study sunbeam mine proceed pre production rapidly possible company said eight nine holes drilled new ore zone average grade ounces gold per ton ounces silver per ton deposit yards newly designed sunbeam large tonnage drilled summer company said study said ore reserves including tons ounces gold per ton cut grade ounces per ton ratio one said gold production average ounces per year mine life ounces silver per year said gold production first three years average ounces per year operating costs expected average dlrs per ounce gold mine life dlrs per ounce first three years reuter
ec sugar tender seen concession rebates granted yesterday ec sugar tender represent concession producers complaints losing money exports outside bloc trade sources said said maximum rebate european currency units ecus per kilos ecus producers claim needed obtain equivalent price offered sales intervention rebate last week tender ecus short level producers thought necessary previous week ecus level sources said producers offered total tonnes sugar intervention apparent attempt persuade commission set higher maximum rebates given formal indication commission intend withdraw offers french german operators involved would able withdraw offers five weeks april sugar officially enter intervention stores five week period normal delay sugar going intervention payment made ec officials said commission buy sugar determined immediately move could drive market prices reuter
jim walter corp jwc sets payout qtly div cts vs cts prior pay april one record march reuter
overland express inc year loss shr loss dlrs vs loss dlrs net loss mln vs loss revs mln vs mln reuter
savings completes office sale savings association said completed sale pa office including deposits mln dlrs savings association said realized gain mln dlrs sale price disclosed reuter
white house discounts threat trade war president reagan reaffirmed opposition protectionism chief spokesman said trade sanctions imposed japan unlikely start trade war want go road reagan quoted telling prime minister jacques chirac visiting french official expressed concern rising protectionist sentiment united states later white house spokesman marlin fitzwater defended new sanctions japan said administration officials believe result trade war first time united states taken action type significant nothing presidential spokesman added want protectionism want trade war said fitzwater said president forced act japanese microchip case tokyo failed fulfill agreement make corrections noting enormous pressures congress land united states take tough stand said case felt simply act fitzwater said decision impose sanctions well considered administration taken white house official held open possibility washington tokyo settle trade dispute indicated settlement probably would come time head sanctions always open whether settlement could occur time prevent sanctions going effect point spokesman said sanctions take effect mid april reuter
creations inc th qtr jan three net shr profit cts vs loss cts net profit vs loss revs mln vs mln year shr loss cts vs loss dlrs net loss vs loss revs mln vs mln reuter
buys british caledonian unit system inc said acquired caledonian ltd british caledonian group plc undisclosed terms caledonian repairs aircraft engines reuter
philippine long distance year net shr primary pesos vs pesos shr diluted pesos vs pesos qtly div pesos vs pesos net billion vs mln revs billion vs billion note full name philippine long distance telephone co figures quoted philippine pesos dividend payable april holders record march exchange rate day dividend declaration pesos per dollar reuter
medical inc th qtr loss shr loss cts vs loss cts net loss vs loss rev vs nil avg shares vs year shr loss cts vs loss dlrs net loss vs loss rev vs nil avg shares vs reuter
says starts well plc l said started well group resources invest growth business acquisition commenting figures showed pretax profits rising mln mln previously profits u accounted pct total results broadly line analysts forecasts company shares firmed morning trading p p friday close group ended year cash surplus higher mln stg compared mln previously capital expenditure rose mln mln statement company said u k group reported excellent profits growth health products profits rose mln mln reuter
agrees buy u company group plc said entered conditional agreement acquire business assets inc related companies mln dlrs miami based manufactures distributes showed pretax profit mln dlrs turnover mln year ending june total u market estimated worth mln dlrs grown pct previous five years said combined sales profit enlarged u business would mln four mln dlrs respectively reuter
bear automotive service bear th qtr oper net oper shr cts vs cts oper net vs sales mln vs mln avg shrs vs year oper shr cts vs cts oper net vs sales mln vs mln avg shrs vs note full company name bear automotive service equipment co oper shr excludes extraordinary profit utilization tax loss carryforward dlrs four cts share mln dlrs cts share respectively qtr year dlrs nine cts share mln dlrs cts share respectively qtr year year oper net excludes loss cumulative effect change accounting principle dlrs one ct share reuter
u oil tax break proposal examined white house said proposal tax break oil industry would review spokesman marlin fitzwater said president reagan position recommendations submitted energy secretary john herrington encourage investment hard hit domestic oil industry fitzwater noted reagan fundamental objection tax rises special tax breaks said even though herrington recommendation agree existing policy take look review undertaken president domestic policy council herrington proposal reported washington post made letter reagan study found united states would importing half oil threatening u national security reuter
canada mulroney says u trade deal prime minister brian mulroney said significant progress made trade talks united states profile major deal emerging opening debate free trade house commons mulroney said accord would create thousands jobs canada bring greater economic countries mulroney offered new details talks said negotiations risky difficult profile major trade deal emerging minute address mulroney made often defense initiative said would give areas country major economic boost trading period process building two one rich promising one developed employed said mulroney want make sure british others get chance must given opportunity trade way released trade talks launched nearly two years ago two nations others important trading partners recent published reports canada quoting senior trade sources said countries close reaching trade deal involve eliminating border many non tariff barriers next years reported key stumbling block talks canadian proposal find new way settle trade disputes something would give canada protection washington tough trade remedy laws mulroney sharply critical protectionist sentiment u said canada fair trader denied government pursuing deal win unfair access american market said trade deal must bring benefits sides recognize good deal must fair deal one fair sides mulroney said reuter
group plc l weeks january shr p vs p div p vs p pre tax profit mln vs mln tax mln vs mln turnover mln vs mln note company said unlikely second half profits show rate increase first great confidence prospects future growth reuter
bpi systems talks sell company bpi systems inc said holding discussions could lead sale outstanding shares mln dlrs bpi president chief executive officer david r declined identify party involved talks nine months ended december bpi lost dlrs sales dlrs reuter
inc year net shr profit cts vs loss two cts net profit vs loss revs vs avg shrs vs reuter
ccl industries inc th qtr net shr cts vs cts net vs revs mln vs mln year shr cts vs dlrs net mln vs mln revs mln vs mln note shr profit relates class b non voting shares reuter
home inc th qtr feb one net shr cts vs cts net vs revs mln vs mln year shr cts vs cts net mln vs revs billion vs mln reuter
corp rd qtr feb net shr cts vs cts net vs sales mln vs mln nine mths oper shr cts vs cts oper net vs sales mln vs mln note current nine mths net excludes dlr gain termination pension plan reuter
kansas city ready buy southern pacific kansas city southern industries inc said ready promptly purchase southern pacific transportation co santa fe southern pacific corp sfx interstate commerce commission rejects sante fe attempt reopen merger southern santa fe railway filing icc late today company outlined four conditions offer acquire southern pacific among conditions santa fe enter agreement kansas city southern pacific existing closing date financial condition southern remain largely unchanged today willing even eager make fair market value offer cash southern pacific said kansas city southern president chief executive officer h offer constant pacific management best chief executive john schmidt comment icc hearings southern pacific bankrupt said said merging southern kansas city achieve benefits end end merger southern pacific versus existing prime competitor santa fe kansas said southern management estimated value railroad range mln dlrs billion dlrs said morgan stanley co inc salomon brothers inc hired advise southern santa fe merger southern worth mln dlrs mln dlrs less southern internal city southern said make offer southern books records properties examined examination completed even absence negotiate make offer writing said company kansas also said argued icc filing santa fe met legal requirements commission reconsideration proposed merger santa fe southern pacific two railroads said basically parallel throughout routes icc voted four one last summer reject merger kansas said santa fe reconsideration agreements union pacific denver rio grande western railroads adds value merger reuter
savings bank th qtr net shr given net vs year shr given net vs note company went public february net includes pretax loan loss recovery dlrs vs provision dlrs quarter provisions dlrs vs dlrs year reuter
german february capital account deficit billion marks vs jan billion surplus bundesbank
energy u refining u refiners said worried growing supplies imports proposed federal environmental regulations marketing third grade unleaded gasoline would cost time industry recovering recent slump look national security cut amount products crude coming country hurts industry said dunham vice president petroleum products conoco subsidiary dupont corp dd u oil imports account pct u consumption expected rise pct mid according department energy afford import pct oil requirements years asked john swearingen chairman board continental illinois corp cil former chief executive amoco corp answer question raises doubt us cope situation improve position swearingen said opposed idea import fee view others attending week national petroleum refiners association meeting san antonio texas talk import controls encouraging things solve problems could well compound said swearingen government affects values import quota license value going government added william martin deputy energy secretary said costs import fee benefits suggested energy secretary john herrington depletion tax credits encourage domestic production limit oil imports also said energy sources encouraged depletion allowance pct deduction taxable income oil companies might work said dunham dunham officials opposed idea fee oil imports said one enacted must tax crude product imports would companies import crude could import products smaller cost fee crude asked henry rosenberg chairman crown central petroleum import fee would raise costs u petrochemical products make world market dunham said energy security issue considered environmental issues considered martin said level investment proposed lowering level diesel pct weight example unacceptable dunham said companies cannot afford george president inc said proposals place pressure small refining operations promote industry consolidation survey refineries released conference said reducing sulphur content pct weight volume pct diesel fuel would cost refiners billion dlrs national average diesel fuel content survey weight pct average content pct another possible cost refiners facilities produce third grade unleaded gasoline beginning marketed companies standard octane level various grades unleaded gasoline asked dunham grade unleaded gasoline octane level means investment made dunham said grade warranted said crown rosenberg despite concerns refiners expecting margins move higher next months beginning see return wholesale margins said roger chairman refining marketing company spin diamond shamrock corp dia margins higher opec pact holding u stocks gasoline heating oil declining gasoline demand rising driving season approaches said summer could good season selling gasoline said adding new company primarily gasoline producer reuter
murphy oil corp sets regular dividend qtly div cts vs cts prior pay june one record may reuter
service corp international sets quarterly qtly div eight cts vs eight cts prior pay april record april reuter
tin council winding appealed amalgamated metal trading amt today lodged appeal ruling prevented petition wind international tin council itc given mr justice january amt led effort itc creditors recover claimed banks london metal exchange brokers result collapse itc buffer stock operations october amt march appeal grounds appeal judge three points giving michael arnold head broker creditors group told reuters judge ruled u k court jurisdiction wind tin council itc association within meaning companies act winding petition proceeding respect arbitration award amt contest three points u k companies act allows possibility winding association amt argue tin council falls within definition arnold said itc except enforcement arbitration award thus important amt court accepts winding petition represents move enforce arbitration ruling court originally decided winding petition went wider enforcement debt amt spokesman said appeal unlikely heard several months case brought fellow itc creditor heard april move metal broker appointed itc assets since similar arguments used case possible appeal case could consolidated amt appeal arnold said itc creditors brought direct actions council member states application governments strike first brought j h lane ltd heard may shearson lehman brothers action lme tin ring march also scheduled heard near future hearing date put back slightly june reuter
weeks petroleum ltd mel calendar shr cents vs final div nil vs making nil vs pre tax profit mln dlrs vs mln net mln vs mln turnover mln vs mln income mln vs mln shrs mln vs note net tax mln vs mln interest mln vs mln depreciation mln vs mln minorities nil vs income mln sale investments mln interest mln mln dividends mln nil co pct owned bell resources ltd note figures u dollars company registered bermuda reuter
danish unemployment rises pct january denmark seasonally adjusted unemployment rate rose pct workforce january pct december unchanged january national statistics office said total unemployed january december january reuter
hmo america inc year loss shr loss cts vs profit cts net loss vs profit revs mln vs mln avg shrs vs reuter
u bank net free reserves mln dlrs two weeks feb fed says
austrian banks divided interest rate cut calls cut austrian interest rates grown recent days bank chiefs divided issue karl general director und called today cut half percentage point interest rates across board androsch head creditanstalt bankverein cabv vi told reuters opposed cut would hurt small told news conference last january cut lending rates commercial customers depositors quarter point insufficient january cut followed national bank lowering discount lombard rates half point line similar bundesbank move prime lending rate pct deposit rates vary pct yesterday head ag said rates could fall least quarter point even half point german rates dropped noted inflation fallen one pct widening gap austrian rates cheaper west german credit along forecasts slow austrian economic growth year also justified interest drop said karl head girozentrale und bank der ag vi also called lower deposit rates said lending rates remain unchanged moment interest margins small particularly compared west european countries hans head spar bank told reuters cut made unless west german rates came first banking sources said bank seemed ready lower rates alone cut would difficulty opposition creditanstalt austria biggest bank reuter
major u banks move higher pct prime major u banks today matched tuesday quarter point prime rate cuts citibank chase manhattan bank first prime rate boosts since mid cited spreads prime funding costs justification analysts said prime rate rises may triggered partly desire banks enhance profit margins given problems developing country loans commenting prime rate increases u treasury secretary james baker told house appropriations committee hope temporary blip upward among major banks today announced prime rate increases pct bankers trust chemical bank continental illinois national bank harris trust savings bank irving trust manufacturers hanover trust co marine midland security pacific national bank banking companies announcing prime rate rises included pittsburgh national bank texas commerce bank houston national bank first national bank boston florida federal savings loan association banks reuter
de industries inc year net shr dlrs vs dlrs net vs revs mln vs mln note translated italian lire u dollar equivalents exchange rate prevailing dec reuter
volcker says reducing u budget deficit needed improve trade balance
scientific systems services inc th qtr shr profit four cts vs loss cts net profit vs loss revs vs year shr profit two cts vs loss dlrs net profit vs loss revs mln vs mln reuter
crew union sets pact pacific southwest pacific southwest airlines said reached agreement southwest crew association needed satisfy conditions usair group u proposed acquisition psa psa said third four unions agreement needed usair acquisition consummated agreement psa crew received assurances provided labor protective provisions integration process reuter
striking brazilian seamen hold pay talks striking brazilian seamen say made idle ships halted brazilian exports today held pay talks rio de janeiro labour minister almir union officials said jorge luis franco senior official national merchant marine union told reuters optimistic talks would lead end stoppage began last friday brazil seamen seeking pay rise pct union official said strike halted total vessels including brazil main port santos rio de janeiro abroad six ships lay idle netherlands spain venezuela france south africa said economic analysts said strike serious concern government already suspend interest payments part brazil foreign debt following drastic deterioration country trade balance head national merchant marine authority quoted today newspaper saying strike continued foreign ships could authorized transport brazilian exports brazil living crisis moment exports hit said even using foreign ships must going lose foreign exchange paying freight charges abroad seamen said spokesman port santos labour unrest recent months said movement ships port running half normal level ships day said total ships either waiting anchor harbour reuter
bank england forecasts surplus money market bank england said forecast liquidity surplus around mln stg money market today among main factors affecting liquidity exchequer transactions add mln stg system today fall note circulation bankers balances target add around mln stg mln stg respectively partly offsetting inflows bills repurchase market drain mln stg bills maturing official hands treasury bill take remove mln stg reuter
hayes canada ltd year net shr dlrs vs dlrs net mln vs mln revs mln vs mln note shr restated reflect january stock split pct owned hayes co reuter
goodrich phase businesses b f goodrich co said phase production aircraft tires missile marine products molded rubber products akron ohio end laying salaried production maintenance support services employees company said layoffs start within next weeks goodrich said continue make chemicals adhesives akron employing another salaried employees akron work goodrich company said able operate businesses discontinued akron profitably enough justify large investment goodrich said continue make aircraft tires n c domes jacksonville fla relocate molded rubber products business site yet chosen said stop making missiles goodrich said prepared discuss officials united rubber workers union severance benefits affected employees issues related continued operation akron chemical adhesives businesses akron aircraft tire missile marine molded rubber products manufacturing company spokesman said expect adverse impact earnings move reuter
service resources src unit acquisition p young co subsidiary service resources corp said signed definitive agreement acquire fleming printing ltd canada mln dlrs transaction expected close april february p young said pct shares sorg inc facilitate business combination reuter
morrison inc acquires custom management morrison inc diversified food service company said acquired custom management corp based penn undisclosed amount custom manages food contract management operations environmental service accounts producing mln dlrs annual revenues reuter
venezuela lend mln barrels oil venezuela lend ecuador mln barrels crude oil help meet export commitments domestic energy demand ecuadorean energy mines minister javier espinosa said today statement ecuador forced suspend exports pipeline jungle oil fields pacific ocean port balao damaged last week earthquake venezuela would lend barrels per day crude total mln barrels help ecuador meet export commitments espinosa said also venezuela sell crude provide foreign exchange earnings ecuador said ecuador would repay venezuela crude resumed exports repairing pipeline balao task would take estimated five months venezuela lending ecuador five mln barrels crude refining country meet domestic demand ecuador would repay loan crude oil pipeline repaired countries latin american members organisation petroleum exporting countries opec ecuador exporting bpd earthquake energy ministry officials said total output around bpd reuter
regal petroleum ltd year shr loss nine cts net loss mln revs dlrs note due change fiscal year prior th year cannot presented comparable basis loss includes writedowns mln dlrs reuter
utilicorp ucu seeks split stock utilicorp united inc said management recommending board directors three two stock split increase quarterly cash dividend rate currently cts per common share company said also shareholders may annual meeting proposal additional class common stock utilicorp said board directors vote split next regularly scheduled board meeting may added semi annual four pct stock dividend change utilicorp said proposal create new class stock approved authorize mln shares class common stock par value one dlr stock could issued various series terms rights preferences designated board instance utilicorp said company said new stock intended enhance utilicorp ability carry future investments acquisitions corporate purposes reuter
great lakes federal hikes dividend qtly div cts vs cts prior qtr pay april record april note great lakes federal savings loan full name company reuter
beneficial bnl unit sale approved beneficial corp said sale american insurance co subsidiary first delaware holdings inc approved delaware insurance department transaction american receive cash infusion mln dlrs including settlement tax sharing agreements beneficial corp beneficial said also receive mln dlrs beneficial international insurance co another beneficial subsidiary purchased management led group first delaware company said reuter
industries inc year net oper shr profit cts vs loss cts oper net profit vs loss revs mln vs mln avg shrs vs note net excludes dlr tax credit reuter
u energy chief sees promise oil tax change energy secretary john herrington said proposed option raise oil depletion allowance pct probably economically promising way spur domestic production white house said would consider option although generally opposed revisions new tax code herrington told meeting mid oil gas association higher depletion allowance new oil enhanced oil recovery would cost taxpayers mln dlrs year option one many contained report oil national security energy department sent white house tuesday herrington said increased depletion allowance option one could significantly increase production low cost american rejected oil import fee far costly overall u economy reuter
opec wants dlr oil price oapec official opec believes world oil prices set around fixed average price dlrs barrel oapec assistant general secretary al wattari said speech european community oapec opec seminar luxembourg released al wattari said opec believes world energy trade kept without restrictions built around fixed average price dlrs al wattari noted total opec output organization agreed ceiling member countries february although meant sacrifices effect sacrifices meant market stability though restored good level still pressure al wattari said lasting stability world market requires wider scope international cooperation said reuter
waste management ends tender offer chemlawn
industries sees growth industries inc continue show earnings growth despite difficult economic climate company said annual report mailed shareholders today company earnings rose five pct mln dlrs revenues increased eight pct billion dlrs earnings per share dlrs compared dlrs company added return equity reached pct pct close goal pct reuter
u k sell remaining pct stake bp british conservative government said would sell remaining pct shareholding british petroleum co plc bp l next financial year starts april treasury financial secretary norman made announcement parliament said government policy sell minority holdings companies circumstances permit part policy able announce subject market conditions government sell remaining shares bp financial year last sale british government shares bp september government currently holds mln ordinary shares company said treasury would appoint financial advisers sale merchant banks stockbrokers interested considered would early april september u k government sold mln shares underwritten offer sale tender striking price pence pct minimum tender price treasury spokesman said said sale bp shares would cut across government plans privatise rolls either april may sale baa plc british authority slated privatisation either june july reuter
tektronix inc tek rd qtr net qtr ends march shr cts vs cts net mln vs mln revs mln vs mln nine mths shr dlrs vs cts net mln vs mln revs billion vs billion note per share yr qtr prior restated reflect two one stock split jan reuter
sees recovery net inc said expects rebound profits increase sales costs connected staffing catalog sales start today reported earnings dlrs dlrs year revenues dlrs dlrs reuter
poclain offers par rights issue french machinery maker poclain pct owned tenneco inc said raise capital mln francs mln rights offering shareholders priced par francs share offer march april second stage capital restructuring plan announced december tenneco become poclain majority shareholder first stage poclain reduced capital mln mln reducing nominal value shares francs poclain traded friday paris bourse francs reuter
trade moves surplus luxembourg economic union moved narrow trade surplus billion francs billion franc deficit figures given spokesman national statistics institute show said imports fell last year billion francs exports also lower billion francs billion december billion franc trade surplus billion franc surplus november billion franc surplus december reuter
di giorgio corp dig qtly dividend shr cts vs cts prior qtr pay may record april reuter
software ag saga sees weak results software ag systems inc said expects report earnings third quarter substantially weaker earnings prior periods due unexpected shortfall u domestic license revenues second quarter ended november software ag earned dlrs dlrs year last year third quarter software ag earned dlrs reuter
inc sets regular payout qtrly div eight cts vs eight cts prior pay april record april reuter
far west industries inc raises dividend annual div four cts vs cts pay march record march reuter
conrac says mulling restructuring buyout alternatives
british aerospace plc l year shr p vs p div p making p pct increase turnover billion stg vs billion pretax profit mln vs mln tax mln vs mln note comparisons restated trading profit mln vs mln launching costs mln vs mln share profit related companies mln vs mln net interest receivable mln vs mln payable extraordinary debit mln vs nil trading profit includes civil aircraft mln loss vs mln loss military aircraft support services mln vs mln electronic systems mln vs mln space communications mln vs mln loss company funded research development mln loss vs mln reorganisation costs nil vs mln loss launch costs include bae mln vs mln airbus mln vs mln bae mln vs mln mln vs mln reuter
canada january retail sales fall pct december pct gain official
jp stevens co inc sets payout qtrly div cts vs cts prior pay april record april reuter
corp technical default corp said default loans southeast banking corp murray negotiating lenders said neither declared loans due company said agreed sell peter pan restaurant md dlrs one mln dlrs payment expenses reuter
vista management inc make acquisition vista management inc said agreed acquire general energy development inc dlrs cash financing come mortgage loans national auto service centers general energy operates reuter
diamond shamrock raised crude cts bbl today wti dlrs
general refractories co th qtr net shr cts vs cts net vs rev mln vs mln year shr dlrs vs dlrs net vs rev mln vs mln note net includes gains sale non operating assets versus mln dlrs net includes nonrecurring cost mln dlrs provision separation pay mln dlrs reuter
inc rd qtr jan net shr cts vs cts net vs revs vs nine mths shr cts vs cts net vs revs mln vs mln reuter
beghin say planning withdraw sugar french sugar producer beghin say currently planning withdraw sugar placed intervention despite exceptionally high rebate awarded week european community ec sugar tender beghin say president jean marc vernes told reuters maximum rebate ecus per kilos wednesday largest ever granted according traders vernes said satisfied european commission started move right direction said company plans change decision put sugar intervention vernes said hoped next weeks final agreement would reached commission would allow operators withdraw sugar intervention european operators offered tonnes sugar intervention protest export rebates say low tonnes sugar accepted commission wednesday according commission sources ec regulations however operators another four five weeks withdraw sugar intervention payment made total tonnes french sugar tonnes west german sugar accepted intervention trade sources said amount represents third annual ec exports non ec countries beghin say declined specify amount sugar offered intervention said tonnes producers say losing ecus every kilos exported due failure rebates fully bridge gap ec world prices wednesday rebate ecus short producers say needed get equivalent price sales intervention traders said vernes said operators hope get rebate full intervention price said wednesday tender step right direction sugar producers said volume sugar authorised export since current campaign inadequate exported compensate trade sources said new regulations governing export rebates due adopted shortly may commission award larger export rebates future one source leading french sugar house said seemed commission understood protest action moving towards situation accordingly thereby allowing operators withdraw sugar intervention got satisfaction reuter
ec new trade chief european community commission today appointed chief spokesman top official charge multilateral trade negotiations commission spokesman said belgian official previously chief aide former external affairs commissioner post since january spokesman said continue chief spokesman retirement may paul charge ec departments handling negotiations world trade body gatt oecd reuter
mim completes part buy mim holdings ltd said issued mln shares preussag ag f complete previously announced purchase pct ag preussag terms acquisition pct degussa ag f currently resolved mim said statement owned pct ag f pct mim degussa mim said proposing arrangement give pct reuter
inc raises qtly dividend qtly div cts vs cts prior pay may one record april reuter
hanson trust plc unit sell kaiser cement terminal plant mln dlrs
ceasars world caw studying sosnoff offer ceasars inc said board studying unsolicited conditional tender offer common shares dlrs per share martin sosnoff company spokesman said board expects make recommendation shortly could specify time period ceasars world chairman henry gluck statement urged shareholders take action respect offer prior board recommendation sosnoff made offer directly shareholders newspaper advertisement company formed called mts acquisition corp expires april reuter
japan consumer prices unchanged february japan consumer price index base unchanged february month earlier government management agency said index showed pct drop january february index one pct year earlier third consecutive year year drop january index fell pct year earlier first drop one pct since pct drop september reuter
mine safety sells south africa unit mine safety appliances co said sell german subsidiary controlling interest africa pty ltd johannesburg south africa boart international wholly owned subsidiary anglo american corp south africa ltd company said terms sale disclosed company operate boart pty ltd said l n short jr president company said sold unit slumping profits due south africa economic decline reuter
wall street stocks american express axp american express co stock fell sharply reflecting part investors disappointment company make announcement plans brokerage unit shearson lehman brothers traders said company said studying options shearson unit traders said many investors anticipated announcement weekend would spin shearson lehman also said arbitrage related sell programs general market today accelerated selloff american express component dow industrial average american express fell part programs part anticipation announcement spinoff something shearson weekend announcement never happened one trader said last minutes trading friday another trader said stock jumped close largely anticipation company would make weekend announcement reuter
triangle home products inc th qtr loss shr loss cts vs loss cts net loss vs loss sales vs year shr loss cts vs loss five cts net loss vs loss sales mln vs mln reuter
ltd net profit mln dlrs vs loss mln
bans zimbabwe meat products agency says stopped importing almost meat products zimbabwe reports suspected foot mouth disease neighbouring country official news agency announcing ban last night quoted agriculture minister daniel saying animal products would allowed country immediate effect said officials notified suspected foot mouth disease broken km northeast capital mainly cattle southwestern province officials immediately available comment ban affect products meat milk butter reported exports much high grade beef european community local supplies meat imports zimbabwe reuter
shipping moves istanbul offices close istanbul remained virtual standstill today snow deep shipping moving narrow waterway linking sea black sea officials said authorities ordered government offices closed wednesday many banks businesses stayed shut workers keep main roads supply lines open city mln people second hit istanbul week stopped yesterday afternoon international airport reopened today two day closure also shut earlier last week reuter
irish oil concern boosts cenergy stake bryson oil gas plc northern ireland oil company said considering seeking control cenergy corp said raised stake company shares pct total filing securities exchange commission bryson said bought cenergy common shares march eight dlrs previously held shares pct bryson request detailed shareholder information cenergy case decided communicate shareholders said cenergy made legal challenges request reuter
sci buys fortune computer assets fortune systems corp sci systems inc said signed letter intent covering purchase fortune business assets unspecified amount cash fortune systems makes computer systems reuter
take write inc said plans major restructuring balance sheet include write mln mln dlrs would intangible goodwill company past acquisitions company said remainder write would include one time expense future costs related early retirement programs office increase general reserve adjustments contingencies bruce wilkinson president company said charges company third quarter earnings period ending march would significantly impact third quarter results would affect company cash position expect biggest operating backlog company history june end fiscal year wilkinson said believe action proposed begin contribute improved earnings fourth quarter fiscal throughout fiscal company one nation largest construction firms also said termination defined benefit retirement plan would produce pre tax benefit mln dlrs due plan second quarter ended dec net earnings dlrs revenues mln dlrs reuter
vms mortgage cash distribution rises vms mortgage investors l p ii said declared first quarter cash distribution cts depositary unit five pct prior quarter said distribution payable may record january reuter
fisher foods says stake firm sold fisher foods inc said american financial corp sold shares pct interest group consisting american seaway foods inc supermarkets inc supermarkets inc company said connection transaction five american financial representatives resigned board reuter
merrill lynch mer merrill lynch co inc fired head mergers department london office today saying unable provide satisfactory explanation response insider trading charges filed yesterday securities exchange commission merrill suspended official yesterday saying time disappointed angry sec charges true merrill lynch statement midday today said firm continue fully u london investigating activities reuter
japan ask chip makers slash output ministry international trade industry ask japanese computer microchip makers slash output second quarter effort save semiconductor pact united states miti officials said united states accused japan reneging semiconductor pact failing stop flow cut price japanese chips asian markets washington threatened take retaliatory action april pact agreed last year calls japan stop selling cut price chips world markets increase imports american chips reduce huge trade surplus miti anxious salvage bilateral agreement pressing chip makers limit production hope boost domestic chip prices reduce incentive export last month ministry asked japanese chip makers reduce first quarter output pct meet request slash production pct final six weeks first quarter reduced production level maintained end june second quarter output would come pct first three months year miti officials declined identified said ministry yet decided extent second quarter cutback one said japanese chip makers losing ground asia south korean u competition markets picking miti criticized privately japanese semiconductor makers see heavy handed attempts ensure success japan u chip pact reuter
canbra foods ltd sets special one time five dlr common shr cash payout
plc pretax profits yr mln stg vs mln
parts industries ltd year shr cts vs cts net mln vs mln revs mln vs mln note full name parts industries ltd reuter
n z trading bank deposit growth rises slightly new zealand trading bank seasonally adjusted deposit growth rose pct january compared rise pct december reserve bank said year year total deposits rose pct compared pct increase december year pct rise year ago period said weekly statistical release total deposits rose billion n z dlrs january compared billion december billion january reuter
south korea gnp seen growing nine pct south korea gross national product gnp forecast grow nine pct government original forecast eight pct pct rise economic planning board report said report reviewing country economy first three months year said year year gnp provisionally estimated grown pct period pct growth period board officials said gnp rise january march period due largely increased exports totalled billion dlrs billion year earlier reuter
usda amstutz sympathetic wood credits u agriculture undersecretary daniel amstutz said totally sympathetic u wood producers desire exports eligible government credit guarantees told senate appropriations agriculture subcommittee including wood products department short intermediate term export guarantee programs would conflict u multilateral trade obligations currently u wood products eligible government export credit guarantee considered manufactured products amstutz said said usda enormous amount time considering making wood products eligible guarantees congress considering measure reuter
gold says partnership agrees buy shares gold mines inc said co ltd partnership agreed buy flow shares aggregate purchase price dlrs said subject certain conditions price shares cts per share said issue shares partnership also said options buy dlrs capital stock cts per share expire march three said options exercised net company dlrs added working capital reuter
fed may supply reserves money markets slightly better even chance federal reserve enter u government securities market add temporary reserves economists said said fed would supply reserves indirectly via around billion dlrs customer repurchase agreements federal funds averaged pct yesterday opened pct moved narrow range six pct early trading reuter
industries inc b nd qtr jan net shr cts vs three cts net vs revs vs six mths shr cts vs cts net vs revs mln vs reuter
chemical corp regular dividend qtly div cts vs cts prior qtr payable may record april reuter
analysts peg u cotton mln acres u cotton farmers likely plant mln acres coming season based average estimates offered cotton market analysts gearing u agriculture department planting intentions report next tuesday annual report gives cotton traders first u production might season begins august trade commission house forecasts ranged mln acres march last year usda reported cotton farmers intended plant mln acres four months later usda estimated mln acres planted june january estimate planted acreage nationwide mln analysts said forecasts even greater acreage spurred part belief year good demand firm prices repeated next year analysts said factors make cotton profitable crop cotton attractive price think going switch acreage soybeans cotton soybeans cheap said keefe cargill investor services whose comments cotton market specialists changes u cotton program also could lead increased acreage analysts said program cotton farmers used part crop collateral government loans responsible cost cotton government warehouses plan government pick tab storage analysts said change discourage farmers participating program could result cotton cotton program mandatory set aside pct base acreage noted judy shearson lehman brothers farmers elect participate program free plant acreage analysts said cotton farmers high yielding western states would likely clear program western acreage least pct said one commission house analyst whose estimate based part forecasts made national cotton council annual meeting late january others disagreed think western growers decided program security reasons lot knowing guaranteed government loan price cents lb anyone outside program subject market said walter brown market analyst major california cotton producer cotton specialists said expectations increased acreage might verified tuesday planting intentions report anything usda announcing based information gathered cotton program announced march one analyst cautioned said traders get better idea next year cotton output usda planted acreage report released july brown took opinion step think planted acreage important rate difference acreage planted acreage harvested brown said rate year pretty high pct weather problems key producing states normal would six pct said reuter
bancroft shareholders zico offer bancroft convertible fund inc target cash offer zico investment holdings inc said shareholders approved proposals requiring pct vote outstanding shares fundamental changes status could made previously simple majority outstanding shares needed change bancroft investment status diversified non diversified fund among things bancroft said board continues recommend stockholders tender shares zico british islands company said ties south africa reuter
u k money market given mln stg assistance bank england said provided money market mln stg help morning session compares bank forecast shortage system today around mln stg earlier revised mln central bank bought bank bills comprising mln stg band one pct mln stg band two pct mln stg band three pct also purchased three mln stg treasury bills two mln stg local authority bills band three pct reuter
clabir clg ambrit abi call merger clabir corp ambrit corp said called plans clabir buy pct voting interest ambrit already companies said agreed pursue merger several actions recently taken ambrit would mean substantial delays completing deal said might revive merger plans later date seek ways clabir increase holdings ambrit reuter
mannesmann considering majority stake fichtel mannesmann ag f spokesman said company lodged application federal cartel office approval possible majority stake car parts company fichtel und sachs ag described application move said agreement buying majority stake yet reached mannesmann said wanted buy pct stake fichtel wilhelm sachs firm founder spokesman declined say may buy shares create majority stake firm fichtel principal shareholders commerzbank ag cbkg f pct ag f pct spokesmen declined comment directly possibility selling fichtel shares mannesmann mannesmann said january hoped take pct stake fichtel holding company sachs ag first quarter last week spokesman said mannesmann letter intent pct stake completion delayed legal questions surrounding reuter
group inc th qtr oper loss oper shr loss dlrs vs loss dlrs oper net loss vs loss revs mln vs mln avg shrs vs year oper shr profit cts vs loss dlrs oper net profit vs loss revs mln vs mln avg shrs vs note excludes loss mln dlrs vs loss mln dlrs qtr gain dlrs vs loss mln dlrs year discontinued operations also excludes loss mln dlrs current qtr reversal tax loss carryforwards includes gain mln dlrs current year purchase industries inc shares charge mln dlrs current qtr research development costs periods includes operations scientific co acquired nov interest inc since june lawrence jewelry corp since oct periods includes interest r n inc since feb reuter
fleet flt could face connecticut divestiture fleet financial group said might sell first connecticut corp subsidiary result proposed billion dlr acquisition norstar bancorp connecticut banking law new england based bank holding companies fleet allowed operate connecticut banks merge companies outside region norstar based albany n first connecticut assets two billion dlrs fleet total assets billion dlrs fleet said seek connecticut law amended allow retain first connecticut based hartford fleet acquisition norstar expected completed around july change laws fleet home state rhode island allowing interstate banking outside new england go effect reuter
ecuador says pay debt president leon febres cordero said ecuador would honour debt capacity make payments said foreign banks calculated oil would dlrs barrel ecuador meet commitments ecuador said friday last week earthquake forcing earlier decision based slide world oil prices suspend debt payments private foreign banks hold two thirds billion dlr foreign debt legitimate debt commitment honour president said visit quake zone government sovereign entity maintain private foreign banks world bank calculated oil would least dlrs barrel quito able meet commitments febres cordero said added ecuadorean crude selling dlrs barrel sold many months dlrs barrel low seven dlrs meanwhile ecuador announced austerity program price freeze key consumer goods result earthquake killed least people presidency minister said budget would cut five pct government hiring would frozen salaries top officials including president cabinet would reduced also said price freeze would imposed basic consumer items mainly food price gasoline would rise pct bus would rise pct gasoline supplies would also limited reuter
nakasone visit washington late april prime minister yasuhiro nakasone make official week long visit united states april hold talks washington president reagan chief cabinet secretary told reporters government sources said nakasone would try resolve growing bilateral trade friction discuss june venice summit western industrial democracies foreign minister nakasone ministry officials said u industry sources washington said white house economic policy council recommending trade sanctions japan violating two countries agreement semiconductor trade pact japan pledged stop dumping microchips u asia open domestic market u semiconductors reuter
housing corp th qtr net oper shr cts vs eight cts oper net vs revs mln vs mln year oper shr cts vs cts oper net vs revs mln vs mln note oper excludes extraordinary reserves related arbitration iranian claims vs qtr year reuter
tender allegheny int l ag underway first boston inc fbc sunter acquisition corp said began previously announced dlr per share tender offer allegheny international inc common stock company also offering dlrs dlr cumulative preferred share dlrs share dlr convertible preferred stock company said offer withdrawal rights expire midnight april nine unless extended reuter
baker international sell electric submersible pump unit
corrected manhattan national mlc th qtr loss oper shr loss cts vs loss cts oper net loss vs loss revs mln vs mln mths oper shr profit six cts vs loss cts oper net profit vs loss revs mln vs mln company corrects show profit rather loss current mths oper shr oper net reuter
realty corp th qtr net shr profit four cts vs loss two cts net profit vs loss revs vs avg shrs vs year shr profit cts vs loss cts net profit vs loss revs vs avg shrs vs note earnings include loss carryforward investment tax credits dlrs quarter gain dlrs four cts share year reuter
sun alliance pretax profit mln stg vs mln
kleinwort benson plc l year shr p vs p adjusted div p making p vs p adjusted pretax profit mln stg vs mln net tax mln vs mln extraordinary credit tax mln vs nil note extraordinary credit represents tax profit sale company interest g group plc providing final dividend retained earnings mln vs mln merchant investment banking mln vs mln bullion broking mln vs mln u government security dealing mln vs loss investment management unit trusts mln vs mln activities loss mln vs profit mln interest loan capital mln vs mln disclosed shareholders funds mln vs mln disclosed capital resources available mln vs mln reuter
firm acquires american nutrition works inc investments inc publicly held shell company said acquired american nutrition works inc transaction american nutrition shareholders received mln shares stock exchange shares american nutrition operates chain stores health products said shareholders elected new board consisting richard samuel charles e voted change name company inc reuter
shell canada shc raised crude oil postings shell canada wholly owned subsidiary royal dutch shell group rd said raised crude oil prices canadian cts barrel today increase posted price light sweet crude oil dlrs barrel march one level light sour crudes raised dlrs barrel company said reuter
mannesmann buys indirect majority stake sachs mannesmann ag f said reached series agreements giving indirect majority stake fichtel und sachs ag car parts group takeover contingent approval federal cartel office west berlin spokesman said adding mannesmann confident authorities would block purchase mannesmann buying pct sachs owns pct sachs ag turn holds pct fichtel und sachs shares bought firm founder mannesmann also purchasing pct stake fichtel und sachs commerzbank ag cbkg f option buy bank remaining pct stake company statement said addition firm agreements mannesmann also talking state owned steel group ag h buying pct stake fichtel und sachs would give mannesmann around pct fichtel und sachs said decided give original plans seek majority stake sachs holding talks government bonn earlier month mannesmann disclosed might want majority stake sachs previously saying seeking buy minority holding company annual turnover billion marks employs acquisition part mannesmann efforts diversify high technology areas away previous reliance steel pipe making spokesman federal statistics office later said anti cartel authorities would probably rule takeover new weeks reuter
genova signs definitive merger agreement genova inc said signed definitive agreement previously announced merger genova products inc agreement genova products pay dlrs share pct genova outstanding common shares already company said plans complete transaction requires shareholder approval end march reuter
goodyear tire receive mln dlrs goodyear aerospace loral corp
great country bank rd qtr net qtr ends feb shr cts vs n net vs nine mths shr dlrs vs n net vs assets mln vs mln deposits mln vs mln loans mln vs mln note earnings per share data presented great country bank converted mutual capital stock savings bank jan information misleading inappropriate company said reuter
bank england pressure holds base rates week bank england resistance strong market pressure lower interest rates succeeded holding bank base rates pct cost threatening chancellor exchequer nigel lawson policy stated end paris group six meeting last month wanted see sterling broadly stable prevailing levels market sources said since pound risen pct closing trade weighted index pct paris meeting day today peak pct highest since august treasury spokesman said lawson said neither wanted substantial rise fall sterling question therefore large rise ready see acting paul temperton chief economist merrill lynch europe ltd estimated government wanted see trade weighted index pct even action last weeks sterling within striking distance range said analysts agree government probably broad target range around area however said lawson would prepared see pound go higher least short term despite risk loss export competitiveness cheaper prices imports bank england interest rates stop going higher said john cox executive director bank ltd major operator london foreign exchange market cox estimates bank england active selling sterling past days despite lack general market talk intervention helped keep dlrs pound rose dlrs yesterday february day paris meeting cox says government must worried sterling heading toward marks would concerned holds around levels warned bank may run risk interest rate boat rates come market say ought come sell sterling said dealers agree good deal hot money invested sterling money simply attracted high overnight one week rates could flow equally short notice however authorities hope least proportion buying reflects long term investment last thing want reduce rates jack back said richard jeffrey economist brokerage house hoare govett ltd said half point cut would ensure continued support sterling least near term however analysts still looking full point march budget day bank must hold sees reaction budget said temperton budget widely forecast vote run general election major factor behind current government bond currency markets lawson wants delay cut base rates budget wants interest rate cut said economist warburg securities equities arm mercury international group speculation clearing bank might break ranks lead way lower today fall weekly treasury bill rate pct pct last friday might mean bank changed mind followed imposition lending rates pct discount houses yesterday lowest since base rates pct early last october however bill rate three months money banking sources said market could take cut guide bank intentions short term rates reuter
n z central bank sees slower money credit growth monetary credit growth rates new zealand expected continue current levels following reserve bank move tighten liquidity late last year reserve bank governor spencer russell said monetary credit growth figures december quarter probably inflated unusually high growth inter institutional lending activity short term money market russell said statement bank moved tighten liquidity initial signs recent expansion became apparent september october last year russell said broadly defined figures released today showed growth pct year ended december compared pct year ended september annual growth private sector credit calendar pct compared pct september year available evidence suggests corporate customers including non bank financial institutions differences interest rates trading banks rates call market russell said reuter
business editor theodore cross offers dlrs share harper row
american president aps lease ships american president cos ltd said american president lines shipping subsidiary obtained final approval u japanese authorities lease four new ships bros co move enable boost service pacific pct american president said company said lease ships three years hold two additional three year options said american president lines currently operating capacity pacific new ships arrive time normal demand surge spring summer seasons reuter
korea says japan gatt trade plan japan complained general agreement tariffs trade gatt south korea five year plan cut trade deficit japan breaks gatt rules trade ministry officials said said japan submitted report earlier month alleging south korea plan import less japan u elsewhere creating non tariff trade barriers south korea unveiled plan november said hoped narrow trade deficit japan two billion dlrs south korea trade deficit japan record billion dlrs rose mln dlrs first two months mln period plan giving incentives importers import japanese goods exporters sell japan officials said believed japanese action one step short filing suit designed bring south korea negotiating table stop plan seoul government wants tokyo ease various import restrictions customs south korean goods help reduce trade deficit reuter
colombia u coffee talks failure colombian finance minister cesar gaviria blamed u position failure last week international coffee organisation ico talks export quotas understand u position one brazil current economic political factors make difficult adopt certain positions gaviria told reuters interview u brazil laid blame breakdown negotiations introduce export quotas extended weekend london gaviria stressed colombia tried ensure successful outcome london talks producing consuming nations made impossible conversation later local journalists gaviria said u attitude would serious economic political consequences necessarily country like colombia certainly latin american nations african countries told reuters colombia relatively high level coffee stocks would probably suffer less according gaviria colombia hope earn mln dlrs calendar year coffee exports traditionally account pct country total export revenue estimate would represent drop revenues mln dlrs colombia held stockpiles mln bags start current coffee year exported record mln bags coffee year ending last september reuter
sigma research nd qtr dec loss shr loss cts vs profit one ct net loss vs profit revs vs six mths shr loss cts vs profit two cts net loss vs profit revs vs note year ago net includes gain tax carryforwards dlrs quarter dlrs year reuter
analysts see slow move higher u prime rate quarter point prime rate increases pct citibank chase manhattan bank today followed banks see clearer signs federal reserve policy intentions economists said based spread banks cost funds prime rate probably makes sense others follow rush likely said paul e f hutton co citibank surprise base rate increase quickly followed chase sent u bond prices lower dollar higher said spread three month certificates deposit prime rate narrows less percentage points strong chance prime rate increase points recently however banks likely hold rate increases see fed intends interest rates near term analysts said noted banks historically like follow fed rate movements rather lead example last prime rate increase occurred june banks lifted rate pct pct fed discount rate increase april year major banks posting pct prime rate since last august lowered rate eight pct shortly fed half point discount rate cut current pct level august banks rush raise prime rates split prime posting pct rate others pct said david jones g co jones said federal open market committee today meeting voted change fed policy said fed may well foster higher interest rates soon jones said fomc probably voted policy change today may decided apply slight upward rate pressure later dollar inflation pressures heat economy shows sign strong recovery fed clearly indicated intend tighten policy today coupon pass said joseph g warburg co move came day earlier expected fed today supplied permanent reserves banking system offering buy maturities treasury notes bonds account seasonal reserve add called pass fed demonstrated policy change said elizabeth reiners economist dean witter reynolds inc said spread banks cost funds prime rate around basis points compared basis point average reiners said spread really narrow enough present clear need prime rate increase dean witter economist said today prime rate rise may less response interest rates attempt enhance balance sheet bottom line reiners said given recent problems loans developing countries large money center banks heavy might first match higher prime rate effort get profitable spreads loans federal funds rate banks lend overnight money one another could help determine many banks match higher prime rate also quickly move raising prime rates banks cited higher cost funds three business days monday federal funds rate banks lend one another averaged nearly pct quarter end pressures helped push funds fed funds rate extremely volatile today reflecting demand pressure associated end quarter close japanese fiscal year funds traded five pct special distortions end analysts said funds rate probably return recent trading level pct area said near banks may quickly boost prime rates consistently higher funds rates would suggest many fed somewhat higher interest rates help dollar banks would lift prime rates quickly reuter
salomon raises caterpillar cat opinion salomon brothers inc said raised opinion caterpillar inc stock aggressive buy hold earnings outlook salomon analyst david said statement sees earnings dlrs share earlier forecast three dlrs year outlook remains dlrs three dlrs caterpillar stock points although earnings poor next two quarters believe profits could begin improve second half perhaps significantly surge sharply said said improved results come four factors higher prices improved market share reduced costs improved demand higher prices stick japanese competitor komatsu raise prices increased value yen said reuter
u k firm ups italy fund ita stake pct lloyds investment managers ltd london based investment firm said raised stake italy fund shares pct total outstanding common stock shares pct filing securities exchange commission lloyds said bought additional italy fund common shares since november total mln dlrs another shares stake held affiliate said said dealings italy fund stock investment purposes current plans increase decrease current stake reuter
henley group said close five pct mln shares santa fe southern pacific investment
ecuador official seeks oil aid venezuela ecuador deputy energy minister fernando santos alvite arrived last night talks venezuelan assistance country oil industry following last week earthquake officials said ecuador obliged suspend crude oil exports expected five months result damage miles pipeline linking jungle oil fields pacific port balao oil normally accounts pct exports fellow opec member venezuela already agreed lend ecuador five mln barrels crude repaid kind days help meet domestic consumption needs reuter
austrian growth seen pct meeting leading bankers economists forecast austrian real gross domestic product growth year pct government spokesman said compared two pct growth forecast made semi official institute economic research wifo last december helmut kramer spokesman chancellor told reuters forecast made meeting attended finance minister ferdinand national bank president wifo representative economists cutting growth forecasts recently mainly due expectations poor export performance year notably eastern europe oil exporting states androsch general director creditanstalt bankverein cabv vi today put gdp growth one pct kramer also said meeting heard unemployment year would pct forecast unlikely six pct reuter
u eep oil proposals still review u agriculture department proposals offer tonnes subsidized vegetable oil four countries still consideration interagency trade policy group usda official close group said official asked identified dismissed report markets today interagency trade policy review group rejected proposals proposals usda would offer vegetable oil export enhancement program eep four countries including tonnes turkey tonnes algeria morocco industry sources said proposals still review interagency working group usda official said reuter
u senators say sanctions likely microchips united states likely impose sanctions soon imports japanese microchips senators said today private meeting commerce secretary malcolm baldrige although senators said baldrige told decision would taken final determination made whether japanese microchips united states said virtually sure japan would face penalties president reagan trade policy advisory group baldrige member meet issue wednesday confident see action taken sen john arizona republican told reporters expecting sanctions least even sanctions sen pete new mexico republican said senators several congressmen u semiconductor industry representatives met baldrige state department officials discuss japan alleged violations september agreement stop dumping microchips united states countries recommended japanese firms tariffs import duties next six months continuing dump microchips violations worth mln dls japanese semiconductor industry said asked baldrige intended recommend sanctions sen pete wilson told reporters clear import said japan say comply think sanctions must applied past violations agreement california republican said semiconductor industry produces chips used high technology products ranging defence missile guidance systems sen james idaho republican said baldrige told administration made final determination japanese companies semiconductor microchips cost production united states countries said senators told doubt dumping going based evidence purchases japanese products two countries signed pact last september japan agreed stop selling microchips united states countries production costs allow u semiconductor industry access japanese market return united states waived right impose import duties japanese microchips japanese officials said lived pact asked japanese chip makers slash output save pact japan frequently target congressional last year record billion dlr trade deficit tokyo billion dlr surplus united states last year large surpluses countries senate yesterday unanimously passed resolution calling action japan violations pact since september resolution introduced house next week rep bob california democrat reuter
cable sets initial distribution cable systems co said set initial quarterly cash distribution cts per unit payable may unitholders record march partnership made initial public offering december said expects pay cash distributions limited partners annual rate dlrs per unit december reuter
p f industries inc th qtr net oper shr cts vs cts oper net vs revs mln vs mln avg shrs vs year oper shr cts vs cts oper net vs revs mln vs mln avg shrs vs note net excludes tax credits dlrs vs dlrs quarter dlrs vs dlrs year share adjusted one five reverse split october reuter
united tote inc tote st qtr jan net shr profit nil vs loss cts net profit vs loss revs vs reuter
basf ag basf f year year december world group pre tax profit billion marks vs billion world group turnover billion vs billion world group investment fixed assets billion vs billion parent company pre tax profit billion vs billion parent turnover billion vs billion parent domestic turnover billion vs billion parent foreign turnover billion vs billion parent investment fixed assets billion vs mln reuter
u navy said increasing presence near gulf defence secretary caspar weinberger ordered u navy increase presence near gulf effort fulfil president reagan pledge keep oil flowing europe japan new york times reported newspaper quoted pentagon officials saying navy would keep aircraft carrier kitty hawk station arabian sea rest indian ocean may three months longer planned navy would carrier battle group six eight warships area times rather part time happens paper said paper said last month u intelligence sources said land based anti ship missiles chinese design known west near strait hormuz said purpose seen signal iran ready continue perhaps step gulf shipping war iraq u carriers would range missiles within striking distance paper quoted officials saying several hundred miles sea carriers could launch aircraft runs missile strikes could fire long range missiles paper said reuter
bethlehem steel bs sets plate price increases bethlehem steel corp said base price carbon plates high strength low alloy plates increased dlrs dlrs short ton effective july one company said composite prices alloy plates also increased dlrs per ton date adding publish prices product bethlehem steel said composite prices strip mill plates increased dlrs ton reuter
asbestec industries sets stock split asbestec industries inc said board declared three two stock split payable april record april three reuter
properties inc th qtr net shr cts vs cts net vs revs vs year shr dlrs vs cts net vs revs vs note company began operations july public offering therefore annual data directly comparable reuter
corrected media general inc ups annual div cts shr cts sets stock split corrects show raise annual div qtly
australian reserves fall february australia official reserve assets fell equivalent billion u dlrs february billion january compared billion year earlier reserve bank said australian dollar terms reserves fell billion dlrs billion falling billion billion january rising mln billion february bank said excluding valuation effects estimated reserves fell mln dlrs falling billion january rising mln year earlier individual value reserve assets australian dollars end february end january year earlier respectively brackets gold billion billion billion sdr mln mln mln imf reserve position mln mln mln u dollars billion billion foreign exchange billion billion billion reuter
illinois tool works sells two divisions illinois tool works inc said completed sale drill end mill division pine arkansas division detroit newly formed industrial inc based st louis terms disclosed employees locations retained added reuter
pillsbury co rd qtr shr cts vs cts
clabir clg unit buy canada clabir corp said pct owned affiliate ambrit inc abi agreed acquire industries division sara lee corp canada ltd mln canadian dlrs cash clabir said purchase sara lee corp subsidiary mln u dlrs agreement subject canadian regulatory approval canada largest maker distributor frozen products canada clabir added reuter
redstone details sweetened viacom via offer investor sumner redstone leads one two groups control viacom international inc offered bid company dlrs share cash dlrs securities filing securities exchange commission redstone controls mass based national amusements inc theater chain operator offered raise cash portion viacom offer dlrs share dlrs redstone also raised face value preferred stock offering dlrs six dlrs redstone offer made arsenal holdings inc national amusements subsidiary set purpose also give viacom shareholders one fifth share arsenal common stock takeover viacom said earlier today received revised takeover bids redstone mcv holdings inc group led viacom management competing redstone control company already formal merger agreement viacom company disclose details revised offers said special committee board would review later today redstone group pct stake viacom management group pct stake agreed buy shares company merger completed unless purchases part tender offer least half outstanding stock two rivals also signed confidentiality agreements give access viacom financial records provided keep information secret sec filing redstone estimated cost completing takeover billion dlrs said bank america confident raise billion dlrs besides financing would raise bank syndicate bank america also agreed provide separate mln dlr limited purpose partial financing committed provide another mln dlrs redstone said merrill lynch smith inc increased underwriting commitment mln dlrs subordinated financing debt viacom takeover mln dlrs agreed earlier redstone said redstone said group would contribute mln dlrs equity toward takeover redstone equity contribution takeover would consist group viacom common shares least mln dlrs cash said new offer second sweetened deal redstone proposed month long bidding war management also contains newly drawn proposed merger documents said last week management group submitted called last offer company valued mln dlrs consisting dlrs share cash preferred stock valued eight dlrs share equity new company redstone previous offer valued billion dlrs reuter
wendy wen comment market rumors wendy international inc declined comment vague rumors traders might takeover target wendy currently trading one turnover mln shares wendy spokesman said corporate policy comment market rumors declined active trading wendy stock published report stated wall street believe wendy possibly studied coca cola co ko view possible acquisition reuter
uk money market deficit revised one billion stg bank england said revised estimate today shortfall one billion stg taking account mln stg morning assistance reuter
c b acquire rest cable value c b co said board approved proposal acquire pct cable value network held cable television industry partners exchange warrants c b common company already owns pct said plans change name c b said proposal calls cable partners receive eight mln five year warrants exchange pct interest commit long term affiliation agreement carry c b said proposed warrants would carry exercise price dlrs share said warrants originally offered cable partners continue pre agreed schedule company mln shares outstanding c b said transaction subject parties entering agreement would subject approval shareholders regulatory agencies reuter
pioneer standard electronics inc payout qtly div three cts vs three cts prior pay may one record april eight reuter
ny traders say e c sold tonnes white sugar tender
campbell red lake crk sets quarterly dividend qtly div cts vs cts prior pay may record april note canadian funds reuter
inc th qtr net shr cts vs cts net vs sales mln vs mln year shr cts vs cts net vs sales mln vs mln reuter
better living inc th qtr net shr profit primary cts vs loss cts shr profit diluted cts vs loss cts net profit vs loss sales mln vs mln year shr profit profit dlrs vs profit five cts shr profit diluted dlrs vs profit five cts net profit vs profit sales mln vs mln note prior qtr year figures include gains disposal discontinued operations dlrs dlrs respectively reuter
swedish prime minister china visit boosts trade big expansion bilateral trade expected result swedish prime minister visit china official china foreign economic relations trade ministry official said told china daily petroleum coal cotton non ferrous metals electric engines could help balance trade running three one sweden favour total trade reached mln dlrs last year pct according chinese statistics swedish sources said major paper mill projects aviation agreement would discussed one week visit reuter
new hampshire savings buy bank new hampshire savings bank corp said agreed buy bankshares inc exchange stock according terms deal said shares exchanged mln dlrs new hampshire savings stock said bankshares assets mln dlrs reuter
image technology corp nd qtr net shr cts vs cts net vs sales mln vs mln avg shrs mln vs mln st half shr cts vs cts net vs sales mln vs mln avg shrs mln vs mln note share adjusted three two october stock split reuter
increases dividend qtly div nine cts vs eight cts prior payable july one record june reuter
u producer prices rise pct february u producer price index finished goods rose pct seasonally adjusted basis february labor department said increase came pct increase producer prices january higher energy prices primarily responsible increase february though rose slower pace january department said finished goods index pct february level seasonal adjustment index finished goods stood base among finished goods index energy products rose four pct february pct increase january price increases slowed sharply gasoline home heating oil department said price declines including pct fall passenger cars pct light trucks january levels reflected expanded factory financed rebates discount loan programs department said seasonal adjustment index finished goods stood base among finished goods index energy products rose four pct february pct increase january price increases slowed sharply gasoline home heating oil department said price declines including pct fall passenger cars pct light trucks january levels reflected expanded factory financed rebates discount loan programs department said index consumer foods fell pct pct drop january vegetables pork coffee cost less index intermediate goods rose pct following sharp pct rise january department said energy prices main reason index intermediate energy pct gasoline diesel fuel prices five pct higher half pct jump recorded january durable manufacturing materials index edged pct last month pct january prices steel precious metals copper stabilized department said lead zinc prices fell lumber cement cost crude materials index rose pct february pct rise january crude energy materials pct much less pct rise january crude petroleum prices rose pct last month sharp pct rise january price rises timber tobacco fell cotton metal ores copper aluminum scrap among finished goods gasoline rose pct pct january increase fuel oil three pct february pct increase january reuter
phh phh buys two design firms phh group inc said acquired two design firms undisclosed terms two firms lewis associates new york walker associates inc l produced mln dlrs total fees reuter
sterling drug sells assets subsidiary sterling drug inc said sold assets subsidiary dental products inc corp ill cash purchase price disclosed produces sells dental x ray mount products record systems reuter
correction rome italian january production story headlined italian january industrial output falls pct second paragraph please read fall follows changing rise fall reuter
motor inc rd qtr jan shr two cts vs one cts net vs revs mln vs mln nine months shr cts vs cts net vs revs mln vs mln reuter
network video inc rd qtr feb net shr one ct vs five cts net vs revs vs avg shrs vs nine mths shr four cts vs cts net vs revs vs avg shrs vs reuter
banco buy west germany bank banco signed letter intent bank america bac purchase west german affiliate bankhaus centrale credit ag bank bank said statement earlier report frankfurt incorporation bank group provide major boost investment spain european community statement said operation us take solid position west germany ahead spain full integration ec financial system five years time deal included license visa credit cards reuter
canada ltd year net shr cts vs cts net vs revs vs reuter
japan corporate profits last quarter current profits japan major firms october december quarter rose four pct year earlier billion yen pct year year rise preceding quarter finance ministry said improved earnings resulted mainly pct profit increase non manufacturing industries supported pct rise construction firms pct gain real estate according ministry survey total sales firms capital mln yen responded fell one pct billion yen pct fall previous quarter current profits manufacturing industries fourth quarter dropped pct billion yen pct fall preceding quarter ministry said plant equipment investments firms polled fell pct billion yen compared percent fall quarter ministry officials said survey showed japanese economy delicate stage hard tell economic growth stopped deteriorating economy heading recovery reuter
quebec february housing starts fall quebec housing starts fell february four pct drop last year growth quebec housing starts among highest canada canada mortgage housing corp said february rate seasonally adjusted stands january government agency said reuter
baker int l bko hopes complete merger baker international corp treasurer eric said company hoped iron proposed merger hughes tool co ht declined say might acceptable proposed merger would create billion dlr oilfield services company thrown yesterday hughes management terms government consent decree offered counter proposal baker earlier today hughes adjourned shareholders meeting called vote proposed merger march said hoped resume baker hughes chairman w kistler told reporters hughes want sign department justice consent decree baker submersible pump drilling bit operations sold told reuters baker still believed merger possible two giant oilfield service companies company position would like see merger completed best interests shareholders shareholders said goal merger occur litigation go said baker filed lawsuit texas state court late yesterday force hughes abide terms proposed consent decree also declined comment whether directors baker hughes scheduled meetings discuss merger reuter
itt corp itt regular qtrly dividend qtly div cts vs cts prior payable july one record may reuter
bankers trust issuing stg dlr currency warrants bankers trust international ltd said issuing stg call dlr put currency warrants initial offer price dlrs per warrant issue guaranteed bankers trust new york corp warrant entitles holder exchange dlrs stg rate stg dlr minimum number warrants exercisable exercise period warrants run april march payment due april reuter
u grain certs save mln dlrs amstutz use generic commodity certificates certs fiscal years save government mln dlrs department agriculture undersecretary daniel amstutz said speaking house agriculture subcommittee hearing use certificates amstutz said issuance billion dlrs certificates fiscal years could result government outlays mln dlrs however use certificates preclude need mln dlrs storage handling costs resulting net savings government mln dlrs said without use certificates amstutz said nearly entire crop put loan would commodity credit corporation ccc addition mln grain redeemed ccc inventory certificate exchanges would remained goverment inventory said asked comment recent study general accounting office concluded certificates result net cost government amstutz said gao benefits costs certificate program amstutz said certificates encourage loan also encourage heavier loan rather gao net loan activity amstutz said question mind department agriculture certificates useful amstutz said immediate benefits certificates include greater market liquidity improved market price competitiveness higher farm income improved debt situation decreased carrying costs said certificates integral part usda long range market oriented farm policy said amstutz told subcommittee chairman rep dan usda process preparing official response gao study certificates submit subcommittee completed reuter
system inc sees break even nd qtr system inc said could report break even second quarter ending march compared loss mln dlrs cts share fiscal second quarter ended march said previously announced would report net loss quarter reuter
national pizza co acquire restaurants national pizza co said reached agreement principle buy seven pizza restaurants certain related real estate approximately three mln dlrs cash acquisitions converted pizza restaurants said national pizza expected generate annual sales approximately eight mln dlrs sale complete bring number restaurants operated national pizza company said reuter
canada january trade surplus mln dlrs canada trade surplus mln dlrs january compared upward revised mln dlrs surplus december statistics canada said december surplus originally reported mln dlrs january surplus last year billion dlrs january exports seasonally adjusted billion dlrs billion december billion january january imports billion dlrs billion december billion january reuter
pepsico pep upgraded kidder peabody kidder peabody co analyst roy issued strong buy recommendation pepsico inc citing improved profit outlook domestic soft lay foods pepsico climbed shares midmorning forecast earnings dlrs per share dlrs company earned dlrs per share previously sell recommendation pepsico looking pct earnings growth lay trend continue decade reuter
ibc president attend ico executive board brazilian coffee institute ibc president jorio dauster said attend ico executive board meeting surprised hear report absence slightly depressing effect new york coffee market today much work accomplish brazil moment besides presence ibc president ico executive board meeting dauster said dauster said except rare cases brazil always sent london based representative ico board meetings ambassador attend meeting said reuter
electro scientific rd qtr feb loss shr loss cts vs nil net loss vs profit sales mln vs mln nine mths shr loss cts vs profit cts net loss vs profit sales mln vs mln electro scientific industries reuter
gencorp gy takeover group hearing investor group seeking acquire gencorp inc said agreed cancel court hearing gencorp withdrew three proposals approved would made costly difficult acquire akron ohio based company earlier today gencorp said ask shareholders approve increase number outstanding shares election board directors elimination cumulative voting however group said continue try block gencorp poison pill provision group partnership afg industries inc afg wagner brown go court march block gencorp three proposals voted shareholders annual meeting gencorp said withdrew proposals could focus attention takeover offer takeover partnership said asked meet gencorp negotiate repeal company poison pill plan reuter
stora close completing papyrus takeover sweden stora ab st said acquired pct shares rival pulp paper makers papyrus ab thus passing threshold buy rest company remaining shareholders would later month sell shares stora company said statement stora announced last september would acquire papyrus price billion crowns thus forming europe second largest forest group london based reed international plc reed l reuter
inc rd qtr jan loss shr loss two cts vs profit two cts net loss vs profit sales vs nine mths shr loss one cent vs profit four cts net loss vs profit sales vs reuter
ctc dealer appeal canadian tire decision ctc dealer holdings ltd said would appeal previously reported ontario court ruling ontario securities commission decision block ctc bid pct canadian tire corp ltd common shares ctc group canadian tire dealers added also extended tender offer march seeking approval extend bid appeal court heard case said alfred david two canadian tire controlling shareholders backed appeal would seek leave appeal third controlling shareholder martha supported appeal would join appeal motion reuter
bally take mln dlr st qtr charge bally manufacturing corp said expects charge earnings first quarter year mln dlrs result deal buy back mln common shares real estate developer donald trump filing securities exchange commission chicago based hotel casino amusement concern also said anticipated charge first quarter earnings deductible federal income tax purposes february deal bally agreed buy mln mln shares held trump dlrs share mln dlrs trump agreed try seek control bally agreement also calls bally pay trump another mln dlrs certain agreements claims expenses related purchase bally common stock bally said trump agreed buy bally stock try seek control company years said bear stearns co inc signed similar standstill agreement bally three years bally said still deal bally stock broker said deal also bally buy trump remaining stake company dlrs share stock price reach level february said reuter
resources inc year ended dec loss oper shr loss dlr vs loss dlrs oper net loss mln vs mln revs mln vs mln note oper net excludes loss mln dlrs cts share mln dlrs dlrs share respectively discontinued operations net also excludes gain mln dlrs dlrs share credit debt restructuring reuter
zambia imf talks hit problems food subsidies zambia talks world bank international monetary fund imf financial rescue package run difficulties issue food subsidies official newspaper said times zambia run ruling united national independence party quoted official sources saying imf world bank refused continue financing food subsidies pressing government explain proposes pay president kenneth kaunda tried abolish maize subsidies last december line imf recommendations move caused maize meal prices double overnight led people killed subsidies immediately restored part moves estimated cost government mln kwacha per year times zambia said another major issue government current talks imf world bank zambia foreign exchange auction central bank weekly auction foreign exchange private sector suspended since end january pending modifications slow rate devaluation dampen fluctuations exchange rate kwacha slid around per dollar auction system losing pct value months however since end january revalued fixed rate nine per dollar banking sources said zambia world bank imf lift proposed ceiling kwacha per dollar currency devaluation auctions restart according times zambia imf team led assistant director africa paul due conclude talks government schedule march imf mission arrived february talks government taken longer expected reuter
german march unadjusted jobless falls west german unemployment unadjusted seasonal factors fell mln march mln february federal labour office said total represents pct workforce compared pct february seasonally adjusted jobless total rose however march mln mln february added march last year unadjusted unemployment total stood mln represented pct workforce seasonally adjusted unemployment mln federal labour office said number workers short time rose number increased labour office president announcing figures said decline unadjusted jobless total reflected continuing bad weather slack activity capital goods sector structural changes coal steel industry separate statement federal statistics office said rise overall number people employment slowed february office said according estimates february mln people work rise around pct compared month noted january year year rise pct number work stood mln decline february compared january reflected seasonal factors added reuter
giant mines ltd th qtr net shr cts vs cts net vs revs mln vs mln year shr cts vs dlrs net vs revs mln vs mln reuter
reichhold chemicals inc exploring possible sale european subsidiary
hutton efh still interested purolator pcc e f hutton lbo inc still interested acquisition purolator courier corp examining possibility raising dlr per share offer e f hutton spokesman said hutton offer topped dlr per share offer emery air freight corp eaf earlier week point hutton spokesman said want see offer completely understand fully response spokesman said emery made offer hutton extended deadline offer monday offer expired wednesday analysts said might difficult hutton raise offer since emery overnight courier might easier time price since would realize cost savings combining business purolator purolator new jersey based overnight courier declined comment purolator traded hutton offer price speculation new bidder would emerge today emery offer reuter
lower refinery operations seen producing profits u refiners reduce operations want profitable year said industry officials attending national petroleum refiners association meeting refining sector discipline refine mln barrels crude oil day chance pull inventories acceptable levels second quarter said dunham executive vice president products conoco inc industry tough added last week american petroleum institute report said u refining capacity rose three pct pct capacity crude oil runs mln barrels per day week ended march api said higher crude oil runs distillate gasoline inventories sharply year ago levels gasoline stocks mln barrels mln barrels year ago levels distillate stocks mln barrels mln barrels last year level api said henry rosenberg chairman crown central petroleum corp told reuters unless refining marketing return profitability oil companies rely operations produce acceptable level earnings jump refining capacity concern continues said kenneth executive vice president refining marketing total petroleum co u subsidiary cie francaise des petroles france refineries operate near pct capacity given current level demand operating level increase gasoline demand next quarter said dunham said potential capacity u refineries also cut barrels crude per day expect see shutdown small refineries next five years said adding facilities refine barrels crude oil per day api said u operations capacity refine mln bpd crude reuter
ciba geigy phillips petroleum joint venture ciba geigy ag z said would establish joint venture phillips petroleum co europe manufacture high performance engineering initially swiss chemicals firm manufacture using resins phillips two firms later set joint venture produce resins marketed independently respective trademarks ciba geigy spokesman declined say much venture would cost widely used electronic automotive petroleum fields reuter
chase manhattan raises prime rate pct effective today
american aggregates stock acquired consolidated gold fields plc arc america corp subsidiary said acquired american aggregates corp shares pct outstanding result tender offer expired february soon arc america acquire american aggregates converting company remaining shares right receive dlrs share reuter
bilzerian may seek control pay n pak pnp investor paul bilzerian disclosed holds pct stake pay n pak stores inc common stock considering seeking control retail building material firm bilzerian said tampa fla investment firm controls called financial corp may acquire additional shares may seek acquire one positions pay n pak board directors acquire controlling interest company shares tender offer otherwise statement made filing securities exchange commission bilzerian said course action would depend company prospects market conditions factors bilzerian said made net purchases shares new york stock exchange jan march pct stake makes total shares reuter
feb sterling bank lending billion stg rise jan official
sciences sees profitability sciences international inc said expects start operating profitably fourth quarter company today reported profit dlrs first half ended january dlr gain sale assets dlr extraordinary loss year lost dlrs dlr extraordinary gain reuter
u cargo preference funding accord seen near u departments agriculture transportation close agreement fund increasing share food aid shipped u flag vessels farm bill provision cargo preference sims usda general sales manager told house agriculture appropriations subcommittee hearing two departments negotiating memorandum understanding cargo preference farm bill provision percentage food aid shipments carried u flag vessels gradually increase three years pct increased cost using u vessels funded transportation department instead usda however usda officials said transportation far contributed money agreement usda transportation expected resolve matter usda officials said tom kay administrator usda foreign agricultural service said yesterday requirement food aid shipments carried u vessels difficult meet tonnage required cargo preference goes going harder harder meet kay said two farm state congressmen pat roberts r english okla said cargo preference makes u farm export programs costly program eliminated past farm interests opposed cargo preference congress maritime interests view cargo preference vital u shipping fleet reuter
franklin federal tax free income fund payout mthly div cts vs cts prior pay march record march two reuter
u k money market given mln stg assistance bank england said provided money market mln stg assistance morning compares bank estimate shortage system mln stg earlier revised mln central bank purchased bank bills outright comprising mln stg band one pct mln stg band two pct two mln stg band three pct reuter
atlantis international ltd year loss shr loss cts vs profit six cts net loss vs profit revs vs note net includes mln dlr writedown oil gas properties reuter
n z official foreign reserves fall january new zealand official foreign reserves fell billion n z dlrs january billion dlrs december compared billion year ago period reserve bank said weekly statistical bulletin reuter
u dot approves american amr pact u department transportation dot said gave final clearance proposed mln dlr acquisition aircal inc american airlines inc acquisition likely substantially lessen competition inconsistent public interest dot said statement aircal unit holdings inc american unit amr corp dot given tentative approval merger plan feb american third largest u airline terms revenue passenger miles aircal relatively small carrier primarily serves west coast cities nation th largest passenger carrier merger would alter american third place ranking according data aviation daily leading industry trade magazine combination would american share u market pct current pct dot said dot said merger unlikely substantially reduce competition four routes carriers provide either single plane service terminals served carriers dot said found evidence carriers could increase begin service merged american aircal concerning th entry may possible orange county airport near future dot found service provided los angeles area especially los angeles international airport provide effective competition orange county travelers long haul markets dot said merger would give american control pct authorized orange county terminal environmental concerns small terminal building limit future opportunities expansion dot said air line pilots association filed comments opposing merger raised new facts arguments merger terms announced nov american pay dlrs share outstanding stock holdings reuter
expects unchanged dividend ag f expects pay unchanged dividend marks earnings profits barely reach last year record levels management board spokesman said told annual news conference possible credit risks especially associated foreign nations largely covered risk provisions therefore unlikely reach high level group bank net profit rose mln marks mln previous year parent bank net profit increased mln marks mln said interest margins banking business declined pct last year pct previous year mortgage sector margins increased slightly stood around pct parent bank commission surplus securities business risen almost pct mln marks expenses personnel increased pct mln marks others costs increased pct mln marks parent bank partial operating profit excludes earnings trading account climbed two pct mln marks parent bank balance sheet total rose pct billion marks end compared end said boosted three billion mark rise mortgage business billion mark increase banking business mortgage sector share total parent bank business volume rose pct said january february year bank credit business despite sharp downturn german profits trading account increased first two months compared year ago period gave detailed figures reuter
sporting life inc nd qtr jan net oper shr loss six cts vs profit four cts oper net loss vs profit revs vs st half oper shr profit six cts vs profit cts oper net profit vs profit revs vs note prior year net excludes extraordinary credits dlrs quarter dlrs half current quarter net includes dlr tax credit reuter
spain inflation rises pct february spain consumer price index rose pct february increases pct previous month pct february last year national statistics institute figures show year year inflation six pct compared government five pct target rose pct last year reuter
nippon columbia make bonus stock issues nippon columbia co ltd make one bonus stock issue july pay back remaining premiums accumulated mln shares issued market price public placement september spokesman said bonus issue bring outstanding capital shares mln mln march open shareholders registered may nippon columbia share price fell yen tokyo stock exchange today reuter
dallas investor cuts stake mcdermott group led dallas investor harold simmons told securities exchange commission reduced stake mcdermott international inc one pct five pct group said march filing announcing acquisition pct firm stock might consider seeking control company reuter
power corp canada th qtr net oper shr cts vs cts oper net vs revs mln vs mln year oper shr dlrs vs cts oper net vs revs mln vs mln note fourth quarter results exclude extraordinary items raised final net dlrs cts share lowered final net dlrs cts share full year results exclude extraordinary items raised final net dlrs dlrs per share net dlrs per share results restated reflect june two one stock split reuter
industries ltd year loss shr loss eight cts vs profit nil net loss vs profit sales vs reuter
newmont gold sees sales rising pct newmont gold corp expects gold sales rise pct ounces ounces company said annual report newmont gold pct owned newmont mining corp said expects significant increases gold sales well reuter
ceasars world says studying unsolicited dlr per shr offer martin sosnoff
study says oil price fall bankruptcies sharp drop world oil prices past year triggered pct increase bankruptcies country oil states according study released american petroleum institute api api said study found business failures rose nationally pct oil southwest increase pct said bankruptcies texas pct oklahoma pct colorado pct louisiana pct alaska failures rose per cent said api also said three states highest number bank failures last year large oil gas producers texas oklahoma kansas reuter
deak international buys johnson matthey deak international foreign currency precious metals firm announced acquisition johnson matthey commodities new york finance limited unit bank england purchase valued mln dlrs follows recent acquisition london johnson matthey commodities limited deak said new york firm known deak international trading ltd company said president chief executive officer deak international said purchase expand deak operations precious metals wholesale non ferrous metals trading reuter
care inc first qtr net qtr ends dec shr one cent vs cts net vs revs mln vs mln note company changed fiscal year end aug dec qtr prior ended jan included two weeks current qtr current qtr includes loss accounting change reuter
first national bank corp buy branch first national bank corp newly formed parent first national bank mount mich bankers fund life insurance co said reached agreement buy branch clinton financial institution said acquisition brings number bank branches county terms disclosed separately newly formed holding company also said named chairman harold president chief executive officer reuter
federal reserve weekly components feb week feb vs feb daily avg billions seasonally adjusted unadjusted currency vs vs demand vs vs check vs vs savings vs vs small time vs vs commercial bank vs n repos vs n vs reuter
residential realty inc div qtrly cts vs cts pay march record march note prior qtr two months operation october november represents dividend reuter
american express says holding talks sale shearson stake nippon life
suffield financial gets fed approval suffield financial corp said federal reserve board approved application acquire coastal bancorp portland suffield said still needs approval maine banking department reuter
japan jobless seen rising pct yen rise dollar expected boost japan unemployment rate average pct fiscal year beginning april january record three pct private nomura research institute said official estimate pct research arm nomura securities co forecast unemployment would exceed two mln mid fiscal estimated mln current year nomura urged government take pump measures help redress trade imbalances boost employment employment manufacturing fiscal predicted fall current year due higher job losses steel shipbuilding heavy electrical machinery sectors nomura said employment non manufacturing sector continue increase institute said without giving figures reuter
freeport mcmoran resource lp qtly payout qtly cash distribution cts vs cts prior pay may record april note full name freeport mcmoran resources partners lp reuter
sets pct stock dividend inc said declared pct stock dividend payable may shareholders record april company last declared stock dividend also pct march reuter
rospatch respond diagnostic drs rospatch corp said news release later response today acquisition bid diagnostic retrieval systems inc dlrs share rospatch earlier requested stock halted counter trading last trade diagnostic said bid total mln dlrs cash tender offer less pct outstanding common fourth quarter ended december rospatch reported net loss dlrs share compared loss cts profit period december brookehill group new york said pct stake j rospatch chief executive responded january eight saying investment vote confidence company reuter
japan foreign shipbuilding orders rise february new foreign shipbuilding orders received japanese yards february rose six vessels totalling gross tons three ships tons january japan ship exporters association said compared six ships gross tons year earlier association official said backlog orders end february ships mln gross tons ships mln month earlier vessels mln year earlier association official said reuter
marathon raises crude posted prices cts bbl effective today wti dlrs bbl
dynamic homes inc th qtr net shr nil vs loss two cts net profit vs loss revs vs mths shr loss cts vs loss cts net loss vs loss revs vs reuter
u weather cotton summary usda cotton planting continued progressing week ended april cold wet weather south hampered preparation joint agricultural weather facility u agriculture commerce departments said summary weather crops bulletin agency said planting increased california soil temperatures improved texas planted pct compared average eight pct arizona georgia planted pct two pct respectively said oklahoma farmers prepared pct cotton points average agency said reuter
galactic resources ltd year loss shr loss dlrs net loss mln revs mln note prior results given shr net include change accounting policy resulting loss mln dlrs dlrs share results u funds reuter
french official reserves billion francs end jan billion end dec official
investor mulls kappa radiation merger michael krupp golden colo businessman major shareholder kappa networks inc said kappa management considering seeking merger kappa radiation systems inc filing securities exchange commission krupp said companies controls kappa acquired combined radiation system shares pct total krupp pct stake kappa said kappa management believe kappa radiation systems combination would good companies decision made whether proceed merger attempt added reuter
oil prices said based futures price energy futures set standard oil pricing said arnold president energy futures group inc consulting firm petroleum futures trading new york mercantile exchange set spot market prices u said adding oil products sellers offer contracts based daily average nymex prices also said petroleum futures major market oil companies well commodity traders remarks made national petroleum refiners association reuter
realty investors th qtr net shr nine cts vs cts net vs revs vs avg shrs vs mln mths shr cts net revs mln note mth figures available since company started operations march reuter
austria intervene support dollar austrian national bank intervene foreign exchange markets today support dollar deputy banking department chief herbert told reuters denied suggestion dealer one vienna bank national bank sold marks support u currency senior dealers creditanstalt girozentrale austria two largest banks said would aware national bank intervention dollar purchases bank today purely day day purposes said reuter
national savings move points lower u k rates u k interest rates look set move lower even monday half point cut bank base rates pct analysts said citing evidence suspension british national savings issue yesterday department national savings effectively treasury department unit yesterday suspended nd issue launched october paying high tax free pct five year private investments stg spokesman said suspension reaction yields national savings bonds way line rest market move followed surprise sell within minutes today bank england one billion stg tap issue second issue many weeks analysts noted said near sale entire new gilts issue bank england required high pct clear evidence market thought rates drop sooner rather later sale tranche pct treasury bonds due occurred active bullish gilts market downward pressure money market rates remained intact three month interbank rate point pct another strong sterling rally pushed pound four year highs dollar government stock quickly indeed said stephen lewis head economic research stockbrokers phillips drew indication market believes rates going fall least half point immediately budget march people hope stockbrokers james capel said comment move national savings department considerable significance said real message quickly cleared facilitate decision building societies cut rates inevitable cut bank base rates pct building societies said drop bank base rates would normally exceed half point give rise reduction mortgage lending rates lewis phillips drew said believed national savings issue suspension may reflect new u k treasury policy point building societies towards mortgage rate cut national savings competing effectively building societies late building society income depressed recent months said analysts said chancellor exchequer nigel lawson keen see mortgage rates fall keep u k inflation underlying upward pressure prices stronger britain western economies inflation seen rising well four pct year five pct last year pct impact mortgage rates consumer prices lewis said one point cut building society rates would reduce inflation britain pct lewis others noted building societies government competition national savings argued reduced scope early mortgage rate cuts chancellor need worried losing psbr funding national savings must taking building societies criticism heart looks like national savings move reflects one senior dealer said savings department spokesman refused comment interpretation saying suspension issue merely reaction recent fall u k interest rates pushed yields national savings bonds way line rest market politically funding becoming expensive need money told reuters adding department suspended issues least twice past offered interest rates market rates said demand issue risen sharply late u k money market rates continued steady decline income threatening three billion stg target set fiscal ending march first months fiscal national saving contribution government funding totalled billion stg compared billion stg period previous year official figures show figures february monday expected show increase mln stg pushing total months target government officials said reuter
concept inc nd qtr feb net shr cts vs five cts net vs sales vs avg shrs vs st half shr cts vs cts net vs sales mln vs mln avg shrs vs note share adjusted five four split february reuter
rb industries completes store sales rb industries inc said completed sale w j sloane division jr group investors definitive agreement provides closing april division consists four w j sloane furniture store los angeles orange counties rb industries also said recently secured five year pct secured mln dlr loan irvine property major institution proceeds used retire existing bank debt working capital retire portion outstanding pct debentures reuter
brazil computer market remain closed minister brazilian science technology minister archer said brazil keep computer market closed foreign goods order give industry time develop every country laws protect interests united states closed certain stage foreign goods therefore protected industrial development time brazil archer said opening national software conference several meetings brazil u made major progress computer row trying resolve past months reagan administration brazil protecting computer industry imports reuter
ico board meeting delayed one day international coffee organization ico executive board meeting scheduled end month delayed one day run march april march april ico officials said march ico ad hoc working group meet consider management consultants report ico report late last year report administrative structure ico reuter
texaco canada cuts crude prices canadian cts bbl par grade canadian dlrs
chrysler c deal leaves uncertainty amc workers chrysler corp billion dlr bid takeover american motors corp amo help bolster small automaker sales leaves future employees doubt industry analysts say business usual yesterday american motors headquarters one day proposed merger unveiled chrysler amc french parent renault according company spokesman snyder amc future discussed board meeting today would different chrysler subsidiary continued state run french car group controlling shareholder industry analysts said future amc car assembly plant wis toledo ohio jeep plant would doubt predicted north american auto industry early comes pass plants far state art car manufacturing sites amc history poor labor relations chrysler need many new plants said michael luckey automotive analyst wall street firm shearson lehman brothers probably close toledo plant move jeep production canada ronald montgomery securities said least new owner toledo plant would able concessions united automobile workers union local representing jeep workers uaw able hold amc year chrysler facilities transfer production said analysts said foresaw major would combination said would auto industry biggest merger since american motors formed amc need financial losses mln dlrs since pressures france renault cut backing company said could forecast consistent profitability earliest announcing takeover agreement chrysler chairman lee cited amc jeep division well new mln dlr assembly plant bramalea ontario network dealers major analysts chrysler might feel moved eventually sell close older plants cut overhead costs view new debts liabilities would incur amc buyout reuter
u offers credits oil n yemen u commodity credit corporation ccc authorized additional mln dlrs credit guarantees cover sales u vegetable oils north yemen u agriculture department said department also said request north yemen government five mln dlrs credit guarantees previously earmarked sales wheat switched cover sales mixed poultry feed actions increase value credit guarantees vegetable oil current fiscal year mln dlrs reduce guarantee coverage sales wheat eight mln dlrs increase coverage sales mixed poultry feed mln dlrs exports must completed september reuter
german bank sees higher gold price gold expected continue rise year due renewed inflationary pressures especially u hamburg based und ag said said statement stabilisation crude oil prices organisation petroleum exporting countries efforts achieve firming price led growing inflationary pressures u world biggest crude oil producer money supplies u japan west germany exceed central banks limits real growth gross national products said use physical gold rise year due increased industrial demand higher expected coin production bank said speculative demand influences gold price futures markets also risen factors south africa unstable political situation may lead temporary reduction gold supplies country firmer sentiment said however australia output estimated rise tonnes year tonnes reuter
data services inc sand rd qtr net feb end shr nil vs nil net vs revs vs avg shrs mln vs mln nine mths shr nil vs nil net vs revs vs avg shrs mln vs mln reuter
taft tfb completed tv station sale taft broadcasting co said sale independent television stations tvx broadcast group set yesterday occur tvx investment bankers salomon inc sb salomon brothers advised taft closing would scheduled company said tvx salomon also advised taft hope able close near future company said adding prepared close time taft spokeswoman referred questions tvx salomon taft agreed november sell stations philadelphia washington miami fort worth dallas houston tvx broadcast mln dlrs time taft said transaction would result tax charge mln dlrs reuter
fine art acquisitions ltd th qtr net shr three cts vs three cts net vs sales vs avg shrs vs year shr cts vs cts net vs sales mln vs mln avg shrs vs note year net includes gain dlrs one cent share tax loss carryforward reuter
saudi oil minister foresees need new opec measures june
baldrige predicts solid u housing growth commerce secretary malcolm baldrige predicted fifth successive year growth housing starts pct rise overall february starts seasonally adjusted annual rate mln units year fifth solid year row activity single family units stronger multi family units said statement single family starts rose last month january levels pct mln units seasonally adjusted basis multi family unit starts fell pct units department reported reuter
group completes sale unit controls group inc airco distributor gases finalized sale virginia based gas business controls corp america newly formed investment group organized former airco employees terms sale airco said controls continue make gas product line airco brand name marketing products exclusively airco distributor network reuter
financial performance expansion financial performance corp said continued rapid expansion signing partnership agreement gold sierra financial advisors founded former bank america officers capital markets said agreement owns pct partnership move mergers acquisitions business reuter
compromise cited san miguel shares san miguel corp smc united coconut planters bank ucpb reached compromise disputed block mln shares smc head government panel controls sequestered shares said ramon diaz chairman presidential commission good government pcgg told reuters smc offered price pesos per share block held trust ucpb looks good diaz said added several issues including identity ultimate buyers shares resolved pcgg gave approval sale pcgg last year mln shares smc bid buy back trading companies ucpb group commission said suspected shares actually controlled eduardo cojuangco associate former president ferdinand marcos headed boards smc ucpb last year marcos personally owned mln shares smc holdings also shares smc proposes buy ucpb owned mln coconut farmers diaz said want go back hands marcos pcgg sources said compromise would end row payment mln pesos made smc hong kong subsidiary neptunia corp ltd bid buy back shares last year ucpb said mln peso payment would smc chairman andres soriano iii failed fulfil commitment buy back shares originally negotiated price billion pesos pcgg sources said smc philippines largest food beverage manufacturer agreed sell mln b class shares mln shares australian brewer alan bond price pesos per share pcgg sources said proposed billion peso transaction billion pesos would offset mln peso payment mln pesos worth preferred shares ucpb held smc mln pesos dividends ucpb shares mln pesos advanced ucpb controlled trading companies ucpb rejected original offer pesos per share made smc mln shares grew mln pct stock dividend declared june last year spokesman smc said company member board met today discuss proposed compromise spokesman declined comment outcome board meeting saying dispute arbitration president corazon aquino last month asked smc ucpb set three man arbitration panel resolve ownership issue panel due submit report april eduardo de los angeles government nominee smc board filed formal complaint securities exchange commission last week soriano eight directors violating fiduciary duty de los angeles said opposed decision smc board last december assume mln peso neptunia loan reuter
business computer th quarter profit business computer solutions inc said expects report profit fourth quarter ended february first quarterly profit ever dlrs revenues dlrs year lost dlrs sales dlrs company attributed improved results increased purchases language development environment computer software business computer said expects report full year loss dlrs sales dlrs last year lost dlrs revenues dlrs reuter
siemens wants amend telecom plus tele pact telecom plus international inc said siemens ag siemens information systems wants amend agreement purchase telecom pct interest tel plus communications delay payment mln dlrs months telecom shareholders scheduled vote mln dlr transaction monday telecom said advised siemens intends close transaction march scheduled approved shareholders spokesman said means telecom decide th whether accept proposed change explaining request amendment siemens informed telecom recently become aware information causing concern respect certain accounting matters siemens said therefore need continue review beyond march determine whether certain true telecom said advised siemens knows information would make siemens already owns remaining pct tel plus pct telecom principal operating asset telecom spokesman said agreement calls payment mln dlrs price closing mln dlrs paid months later two mln dlrs per year anniversary date transaction said siemens proposing mln dlrs added mln dlrs paid months telecom said proposed amendment would also permit siemens defer repayment additional pct certain debt completion review telecom said estimates ba mln dlrs reuter
financial sets stock dividend financial corp said declared pct stock dividend payable june holders record june one subject increase authorized shares said shareholders vote april annual meeting increase authorized shares mln mln company also said plans pay initial quarterly dividend five cts share shares reuter
group inc sets quarterly qtly div cts vs cts prior pay april record april reuter
elders resources ltd first half ended dec net shr cents vs int div cents vs nil net mln vs mln sales mln vs mln income mln vs mln shrs mln vs mln note two seven non rights issue pct five year subordinated convertible redeemable unsecured notes dlrs note convertible one share div pay may div issue reg april net tax mln dlrs vs mln interest mln vs mln depreciation mln vs minorities mln vs mln net extraordinary loss vs nil company owned pct elders ixl ltd elxa reuter
japan release gnp figures later today economic planning agency announce gross national product gnp figures october december quarter today hrs local time gmt agency officials told reuters july september quarter gnp rose pct previous three months reuter
seven oaks telemarketing venture seven oaks international inc said formed new pct owned subsidiary called seven oaks direct inc offer full line telemarketing services said seven oaks direct management remaining pct company said initial costs connected new memphis tenn marketing center seven oaks direct may hurt earnings slightly first half year ending april seven oaks direct operate worse breakeven fiscal whole reuter
white house says interest rates reflect market white house said rise interest rates unfortunate general sense reflected market forces always movement basic fact believe economy strong growing always fluctuations interest rate economy sound good spokesman marlin fitzwater said citibank raised prime rate one quarter point move followed banks reuter
corp th qtr net oper shr cts vs cts oper net vs revs mln vs mln year oper shr cts vs cts oper net vs revs mln vs mln note th qtr year excludes extraordinary credit dlrs cts per share reuter
feb annual money supply rises pct annual growth australia money supply rose pct year ended february compared january pct reserve bank said pct february last year february rose pct compared january february rise pct
u k money market deficit forecast mln stg bank england said forecast shortage around mln stg money market today among main factors affecting liquidity bills maturing official hands take treasury bills drain mln stg banker balances target take around mln stg partly offsetting outflows exchequer transactions fall note circulation add mln stg mln stg system respectively reuter
coffee prices bad news latin america minister senior nicaraguan official said recent plunge coffee prices economically politically disastrous latin american coffee producing countries nicaraguan foreign trade minister martinez cuenca london brief international coffee organisation ico executive board producer members meeting last weekend managua attended eight latin american coffee producers discuss fall coffee prices london coffee prices slid stg per tonne march stg stg end february martinez told reporters price fall since ico failed agree export quotas march disastrous results latin america economically politically urged continued negotiations among coffee producers pave way coffee export quota agreement september coffee export quotas used regulate coffee prices international coffee agreement suspended year ago prices soared response drought brazil central american economic ministers estimated region lose mln dlrs foreign exchange earnings coffee prices rescued quota arrangement martinez said said ico quota talks broke last month consumer members lack political fully support commodity agreements consumers tried dictate producers reuter
j p stevens co payout qtly div cts vs cts prior pay april record april three reuter
hanson trust sell u chemicals unit hanson trust plc l said u subsidiary hanson industries inc sell pcr inc speciality chemicals unit mln dlrs cash chemical partners inc pcr sales mln dlrs fiscal operating loss dlrs reuter
industries inc year net oper shr cts vs seven cts oper net vs revs mln vs mln avg shrs vs note net excludes dlr loss discontinued operations reuter
china closes second round offshore oil bids china closed second round bidding foreign firms offshore oil exploration rights china daily reported quoted spokesman china national offshore oil corp saying china signed eight contracts foreign firms blocks pearl river mouth south yellow sea covering total area km second round bidding began end one well far produced results km south east output barrels day well drilled group japanese companies spokesman added ready enter contracts offshore blocks third round bidding began say would added contracts would bound restrictions imposed second round china signed oil contracts agreements companies countries since offshore exploration open foreigners eleven contracts terminated oil discovered foreign firms invested billion dlrs offshore china since reuter
first sarasota holders approve acquisitions first sarasota bancorp said shareholders approved acquisition city commercial bank subsidiary first union corp func first union national bank florida purchase price outstanding shares mln dlrs transaction subject regulatory approval expected completed second quarter completing city commercial acquisition four acquisitions combined assets mln dlrs first union assets billion dlrs reuter
henkel increase stake clorox clorox co said henkel kgaa west germany agreed increase holdings clorox pct current level pct henkel also holds subordinated note convertible another pct company stock intends acquire additional shares open market extended period time clorox said also said foreseeable future henkel intend increase participation clorox pct level reuter
shv withdraws ic gas offer shv holdings nv said withdrawing take bid imperial continental gas association l failing gain minimum number pledges sought ic gas shareholders shv said statement sought gain ic gas shares p offer ic gas ordinary stock informed level reached deadline expired tender offer therefore said shv also offered pence every one stg nominal ic gas loan stock bid made shv united kingdom holding co ltd reuter
reading co th qtr oper net oper shr cts vs cts oper net vs revs mln vs mln avg shrs vs year oper shr cts vs cts oper net vs revs mln vs mln avg shrs vs note year ago periods exclude extraordinary gain mln dlrs cts shr includes gains dlrs vs one mln dlrs qtr mln dlrs vs mln dlrs year tax loss carryforwards reuter
group inc th qtr shr cts vs cts net mln vs mln revs mln vs mln year shr cts vs dlrs net mln vs mln revs mln vs mln note net includes mln dlrs gain disposal unit includes operations insurance inc reuter
capital inc make acquisition capital inc said signed letter intent acquire first securities transfer systems inc beach fla undisclosed terms company said also entering commercial finance business formation financial corp said new wholly owned unit extended dlr secured line credit micro designs inc reuter
convergent technologies buy convergent technologies inc said reached agreement principle buy corp supplies finance insurance leasing computers auto dealers transaction involve exchange stock cash debt subject definitive agreement said terms disclosed sales mln dlrs reuter
perception technology take charge perception technology corp said expects take charge dlrs cts per share earnings second quarter ended march due bankruptcy proceeding customer c new york inc perception said outstanding lease receivables c dlrs said exact charge depend extent recovery leased equipment involved arrangements might made bankruptcy court equipment reuter
n business loans fall mln dlrs march week fed says
inc rd jan loss shr loss dlrs vs profit eight cts net loss vs profit sales vs nine mths shr loss dlrs vs profit cts net loss vs profit sales vs mln avg shrs vs reuter
producer split coffee quota talks talks possibility global coffee export quotas extended today sparks flying yesterday group exporters included key negotiating forum special meeting international coffee organization ico council called find way stop prolonged slide coffee prices however delegates said solution question implement quotas yet sight world coffee export quotas major device used regulate coffee prices international coffee agreement suspended year ago prices soared reaction drought cut brazil output nearly two thirds brazil world largest coffee producer exporter producers consumers facing question quotas calculated future quota distribution scheme delegates said late saturday minority group eight producing countries represented contact group five producer five consumer delegates plus set facilitate debate big producers want ball court fair minority producer spokesman luis escalante costa rica said majority producer group proposed quotas april using previous ad hoc method quota shares promise try negotiate basic quotas september delegates said plan would status allowing brazil retain almost current pct share export market colombia pct ivory coast seven pct indonesia six pct rest divided among smaller exporters consuming countries producer group tabled separate proposals requiring quotas determined availability using formula exportable production stocks statistics proposals would give brazil smaller quota share colombia indonesia larger share bring new quota distribution scheme effect rather later brazil far unwilling accept proposal would reduce quota share delegates said delegates would speculate prospects agreement quota package anything possible phase even meeting march april one said ico agree quotas price coffee supermarket shelf likely change result industry sources said retail coffee prices past year remained steady even though coffee market prices probably passed onto consumer either said reuter
liberian ship grounded suez canal liberian motor bulk carrier dw tonnes grounded suez canal yesterday proceeding canal lloyds shipping intelligence said reuter
indian plant signs first alumina export contract unnamed norwegian firm agreed buy tonnes alumina year refinery eastern state due start operations next months commerce ministry official told reuters said state owned national aluminium co owns plant state owned mineral metals trading corp signed first long term export agreement company gave details plant tonnes annual capacity tonnes aluminium remaining exported official said reuter
dna medical signs pact stock sale dna medical inc said walter g mize bought shares pct dna outstanding stock dlrs cash agreement mize dna said also become chairman may option expand board provide equal representation current board dna also said submit proposal annual meeting acquire three companies owned mize heritage meat corp national beef corp heritage cattle corp dna said total value transactions dlrs dna said transactions approved shareholders issue additional shares common mize pct issued outstanding stock dna said mize replace current chairman donald remain board company also said continue medical development business long reuter
coopervision inc eye qtly dividend shr cts vs cts prior qtr pay april record april reuter
corp th qtr shr loss dlrs vs loss dlrs net loss mln vs loss mln year shr loss dlrs vs loss dlrs net loss vs loss mln note loss includes loss discontinued vs loss mln dlrs net mln credit th qtr includes loss mln dlrs discontinued operations share amts dividend requirements reuter
vertex industries inc nd qtr jan net oper shr loss three cts vs loss four cts oper loss vs loss revs vs six mths oper shr loss two cts vs loss two cts oper loss vs loss revs vs note current periods exclude net gain dlrs termination retirement plan salaried employees also excludes gain dlrs current qtr gain dlrs six mths benefit tax loss carryforwards company went public september reuter
new york state electric ends acquisition new york state electric gas corp said terminated effort acquire corning natural gas corp cited reasons uncertain regulatory climate new york state price new york state electric stock caused delay nine mile point unit two nuclear plant company said december interested acquiring corning natural gas reuter
exco buys u government securities broker exco international plc subsidiary british commonwealth shipping co plc bcom l said agreed principle buy pct stake rmj holdings corp mln dlrs exco chairman richard told reuters acquisition made bank new york co inc bk n currently holds pct rmj partners hold remainder bank new york partners retain pct stakes bought next six years rmj holding company rmj securities one largest u government securities brokers also involved broking notes obligations instruments sponsored u federal agencies said exco considering buying u government securities broker past four years made offer rmj sold security pacific corp spc n rmj valued mln dlrs b c managing director peter said rmj would bought multiple exco suggesting net income around mln dlrs company earnings hit brokerage fees months ago volumes since doubled said rmj employed people brokerage business unit provided computer software financial services community rmj securities offices new york total market turnover u government securities billion dlrs day london billion also given permission last week open office tokyo total market turnover lifted rapidly five billion dlrs day acquisition would contribute five pct b c share earnings basis reuter
lsb industries lsb agrees acquire bank lsb industries inc said agreed acquire northwest federal savings loan association dlrs part agreement lsb said also would transfer assets valued less mln dlrs northwest federal located okla reuter
soviet minister says trade boost french soviet first deputy prime minister murakhovsky said end brief visit country wanted boost joint business france reduction france trade deficit soviet union depended french murakhovsky also chairman state agro industrial committee told news conference discussed variety possible deals french companies rhone poulenc pechiney declining put figures possible contracts said discussed plant protection processing highly gas rhone poulenc packaging technology agricultural products pechiney fruit vegetable juice processing official pechiney said agreement intent packaging could signed soon could give details two companies immediately available comment asked whether foresaw reduction year france trade shortfall billion francs first months billion whole murakhovsky told reuters depends france meeting paris last january french soviet foreign trade ministers said committed increased efforts reduce deficit estimates time showed french mln franc surplus december murakhovsky said soviet union prepared talk interesting proposals offering latest technology mutual advantage said soviet union many ahead would deal rapidly proposals considered interesting encouraged companies take advantage new laws interests foreign partners joint ventures said agreements yet finalised new joint venture laws said concrete deals yet finalised result one billion dollar accord signed moscow last month french businessman jean said company preparing proposals examination soviet union last month said agreement exchange one billion dollars worth goods murakhovsky said agreement one intent designed primarily renew increase soviet union food production capacity reuter
international inc st qtr dec net shr two cts vs two cts net vs revs vs reuter
aid corp raises quarterly dividend qtly div nine cts vs eight cts prior qtr payable march record march reuter
atcor atco says outlook depends steel atcor inc said magnitude earnings recovery fiscal depends direction steel pricing fast company severe operating problems consumer segment resolved atcor consumer segment represents pct sales letter shareholders company said part business continues unprofitable atcor said expect performance improvements first quarter sustained throughout year due increasing raw material costs reuter
argentine vegetable oils shipments jan nov argentine vegetable oils shipments january november totalled tonnes tonnes period argentine grain board said breakdown cotton sunflower soybean olive maize nil nil grape nil nil board added shipments november amounted tonnes tonnes month tonnes cotton nil nil sunflower soybean nil olive maize nil nil nil grape nil nil board said ten principal destinations january november comparative figures period brackets tonnes holland iran soviet union egypt algeria brazil south africa cuba united states nil india board added reuter
u supreme court allows delta western merger u supreme court justice sandra day early morning lifted appeals court injunction blocking planned merger delta airlines inc western airlines wal court said action came hours three judge panel th u circuit court appeals san francisco blocked merger dispute union representation settled arbitration supreme court spokesman said granted stay allowing merger worth nearly mln dlrs go planned later today supreme court spokesman provided details nine supreme court jurisdiction particular regional circuit power provisionally without comment appeals court ruling surprised officials atlanta based delta preparing merger months already delta belonging western los angeles plans finalize merger midnight tonight delta spokesman bill berry told atlanta late last night really little remained done ruling san francisco came lawsuit filed los angeles federal court air transport employees union sought force western management fulfill promise would honor union contracts merger took place airlines argued western promise could enforced takeover larger company appeals court ruling delta officials last night spread word telephone western employees report work today old new delta delta announced last september purchasing western merger took place december western operated delta subsidiary since western name midnight last night issue whether western unions would continue represent western employees integration two airlines eight pct western employees delta pilots union members delta maintained three unions contracts western association flight well air transport employees would today reuter
ultramar plc umar l year shr p loss vs p earnings div p making p vs p net loss mln stg vs mln profit operating profit tax mln vs mln turnover billion vs billion cost sales billion vs billion gross profit mln vs mln distribution costs administrative expenses mln vs mln share profits associates mln vs mln operating income mln vs mln financing charges mln vs mln tax mln vs mln exceptional items mln debit vs mln debit net results discontinued operations mln debit vs mln debit loss ordinary activities minority interest mln vs mln profit minority interest mln vs mln extraordinary mln vs nil reuter
sony foresees continued slump earnings sony corp group net income expected pct five months ending march period year ago around billion yen yen dollar rate remains present level managing director told press conference sony five month business term ending march financial year changed run april march current october year end group sales period estimated billion yen five pct year earlier said company earlier reported net income billion yen three month period ended january pct year earlier sales billion pct gloomy profits sales resulted yen recent appreciation dollar sharp drop market prices due severe sales competition home abroad yen rose pct average yen dollar reducing company total sales three month period billion yen said sales mm video camera recorders totalled units three months unchanged year earlier format video tape recorders sales fell sales compact disc players rose rose mln mln colour television sales fell one mln due lower exports china sales mm already exceeded format sales since beginning fiscal said overseas sales accounted pct total three months compared pct year earlier overseas production account pct total production present pct also said parent current profit five month period estimated around billion yen pct year earlier sales billion pct sony hoping retain least levels group net profits sales new financial year starting april added company made billion yen group net profit year ended november pct year earlier sales billion pct reuter
g c transcontinental group ltd st qtr net shr cts vs nine cts net mln vs mln revs mln vs mln avg shrs mln vs mln note period ended january reuter reuter
g finance officials discuss debt currencies deputy finance ministers group leading western industrialised countries met discuss world debt crisis trade imbalances currency stability today following last month paris monetary accord sources close talks said officials met offices international monetary fund imf discuss broad aspects world monetary policy preparation imf interim committee meeting washington april talks first high level international review monetary situation since accord last month reached u west germany france britain japan canada stabilise world currency markets around present levels following pct slide dollar since mid countries represented today talks italy refused attend last month meeting grounds excluded real discussions netherlands belgium switzerland many officials met earlier today yesterday within framework organisation economic cooperation development oecd review slow progress made cutting record billion dlr u trade deficit persuading west germany japan open economies foreign imports reuter
franklin california tax free sets payout mthly div cts vs cts prior pay march record march note franklin california insured tax free income fund reuter
u k february adjusted sterling rises pct one pct official
canada th qtr current account deficit billion dlrs vs rd qtr billion deficit official
central pennsylvania financial corp payout qtly div cts vs cts prior qtr payable april record april reuter
world bank likely urge changes jakarta world bank president barber conable expected press indonesia third world sixth largest debtor maintain momentum economic policy changes tackle slump oil revenues western diplomats said conable indonesia yesterday tokyo meet president suharto senior economic ministers said arrival economy south east asia largest nation managed well slump world oil prices called major policy adjustments today world bank chief visit bank funded projects eastern section indonesia island see suharto tuesday day detailed discussions ministers tomorrow indonesia asian member opec severely hit last year crash oil prices cut oil gas revenues half japan state export import bank last month agreed provide around mln dlrs credits help indonesia pay share world bank development projects indonesia country mln people responded oil slump cutting spending currency pct trying boost exports using foreign loans bridge deficit diplomats said conable expected press suharto leading economic ministers maintain pace policy change particularly dismantling indonesia high cost protected economy oil prices debt crisis world recession call major policy adjustments external support conable said arrival statement indonesia facing parliamentary elections next month likely avoid anything would bank demanding specific changes believe leadership economy well managed conable told reporters jakarta airport indonesia official private overseas debts totalling billion dlrs according bank makes third world sixth biggest debtor received billion dlrs world bank since conable spell changes would like see last month bank endorsed economic changes already introduced indonesia implied wanted giving mln dlr loan balance payments support bank said monitor progress implementation government trade reform measures supported determination promote efficiency longer term growth indonesia introduced series measures since last may boost non oil exports liberalise trade encourage outside investment suharto also ordered government committee look indonesia state run companies could sold report last month u embassy said government appeared divided far take reforms western analysts say particular government unsure far go dismantling indonesia high cost monopolies control core areas economy central bank governor said week indonesia faced limited economic could spend way trouble would increase balance payments deficit domestic inflation said main objective raise exports outside oil natural gas sector indonesia current account deficit projected government fall billion dlrs coming financial year starts april estimated billion reuter
lifetime exchange offer accepted lifetime corp said retirement housing corp accepted previously announced acquisition offer retirement operate separate subsidiary reuter
united co two months feb shr dlr vs dlr net mln vs mln oper revs mln vs mln mths shr dlrs vs dlrs net mln vs mln oper revs mln vs mln note periods reflect terms earnings agreement among company various departments submitted approval march reuter
heavy coffee export implied colombia official decision colombia open coffee export registrations unlimited amount country heavily sell coffee recently withheld gilberto arango president private exporters association told reuters colombia today opened export registrations april may national coffee growers federation setting limit since start coffee year last october private exporters average allowed bags kilos per month traders initially measure announcing heavy sales even today pressured market quickly become apparent colombia intend go top arango said interview colombia marketing policy sell without consistently targets volume set react market factors colombia intention give coffee away added arango described measures adopted yesterday including lower export registration price major change colombia coffee marketing policy export registration price reintegro lowered dlr per lb ex dock new york dlrs per bag kilos dlrs dlrs government announced flexible policy reintegro order closely reflect market trends arango welcomed saying private exporters undoubtedly actively present market frequent gap international market prices reintegro unlikely said reuter
varity corp vat th qtr jan loss shr loss cts vs loss one ct net loss vs profit revs mln vs mln year shr loss cts vs loss cts net loss vs profit revs billion vs billion note current yr loss includes reorganization charge mln dlrs vs yr ago reorganization charge mln dlrs shr preferred divs u dlrs reuter
computer systems inc year end dec shr cts vs cts net vs revs vs reuter
rocky mountain medical corp st qtr loss dec shr loss one ct net loss revs note company went public april reuter
egyptian crude oil output non opec egypt produced mln tonnes mln barrels crude mln tonnes mln barrels according official figures released today egyptian general petroleum corp officials say egypt produce one mln bpd per day production cut world prices plunged last year attempt help opec stabilize world market egypt cut production target bpd current output bpd egypt exports third output currently sells top suez dlrs barrel reuter
siemens u criticism cgct offer siemens ag sieg f u criticism blocking american telephone telegraph corp n entry french telecommunications firm compagnie generale constructions telephoniques cgct management board member hans told journalists acquisition joint pct stake cgct philips nv pglo decided two years ago claimed french government owns cgct asked siemens start submit offer stake cgct result negotiations still open said siemens first made offer last summer newspaper today quoted chairman james e olson saying siemens attempt stop philips could lead protectionism u said expected french government decide winning bid end april cgct share french market amounts around pct french government limited cgct participation foreign companies pct set price mln francs whole company said pct limitation would apply initial stake rule stake increase later said siemens aim introduce technology said siemens french telecommunications firm jeumont schneider sa submitted joint offer start march pct limitation companies form joint venture take whole cgct siemens pct stake new company jeumont schneider pct apart investing mln francs cgct new research centre also planned reuter
stewart warner corp th qtr loss shr loss dlrs vs profit cts net loss vs profit sales mln vs mln year shr loss dlrs vs profit dlrs net loss vs profit sales mln vs mln note earnings include provision restructuring costs dlrs dlrs share pre tax effect adoption reduced pension expense dlrs quarter dlrs year taxes earnings include income effect nonrecurring gains dlrs st qtr sale minority interest corp dlrs rd qtr related sale excess property reuter
corrected manhattan national corp mlc th oper shr loss cts vs loss cts oper net loss vs loss revs mln vs mln mths oper shr loss six cts vs loss cts oper net loss vs loss revs mln vs mln note item moved march company corrects error show loss current mths qtr profit reuter
first financial ffmc buys first financial management corp said acquired corp unit north ridge bank paying dlrs cash guarantee dlr note held north ridge first financial provides data processing services community banks financial institutions said acquisition expand customer base reuter
canadian imperial bank commerce st qtr period ended january shr cts vs cts shr diluted cts vs cts net mln vs mln loans billion vs billion deposits billion vs billion assets billion vs billion note shr preferred dividends reuter
prices rise coffee auction prices rose fortnightly export auction march sales tonnes coffee crops total offering tonnes coffee board said amounted tonnes type grade quantity sold average prices rupees per kilos exclusive sales tax previous prices march auction brackets crop b c arabica cherry ab na arabica cherry pb na arabica cherry c na robusta cherry ab na robusta cherry pb na robusta ab na robusta pb na rep bulk rep bulk b robusta cherry bulk na robusta cherry c na robusta cherry na crop arabica cherry ab arabica cherry robusta cherry coffee robusta aa na reuter
bradley announces long term lease bradley real estate trust said signed year lease property downtown minneapolis minnesota inc lease increase net income cts share post february three two stock split basis trust reported net income mln dlrs cts share post split basis bradley also entitled one time additional rental payment cts share upon entering space lease prime national share portion net cash flow operations property reuter
sells industrial chemical assets inc said sold plant inventory certain assets industrial chemical operations plastic technologies inc privately held company headquartered new jersey terms disclosed industrial chemical operations based fort worth texas annual sales mln dlrs reuter
caesars world caw bid valued mln dlrs mts acquisition corp said need mln dlrs acquire caesars world inc shares owned owner martin sosnoff estimate came mts acquisition proxy statement caesars world shareholders describing offer dlrs share stock announced morning announcement mts acquisition said bank investor bankers felt could provide financing totaling mln dlrs offer sosnoff caesars world largest shareholders company shares pct outstanding stock fully diluted basis proxy said besides sole owner mts acquisition sosnoff owns pct sosnoff capital corp stock chairman investment management brokerage firm reuter
weyerhaeuser sees higher earnings weyerhaeuser co said significant increases earnings another good year weyerhaeuser reported earnings mln dlrs dlrs per share billion dlrs revenues anticipated improved cash flows allow company invest acquire much aggressively past years weyerhaeuser also said weyerhaeuser principally lumber products company said forecast made company chief financial officer meeting institutional investors tokyo also said expects see opportunities building products area particularly composite engineered products directed toward specific rather commodity end use markets said growth may higher added value products financial services diversified businesses addition company said rising product prices demand pulp paper reflected major world markets except case light weighted paper grades remains problem weyerhaeuser stated lowered manufacturing cost structure obtaining significant productivity increases reuter
transport co sets quarterly qtly div four cts vs four cts prior pay april record march reuter
sterling inc th qtr jan net shr dlrs vs given net vs sales mln vs mln year shr dlrs vs given net vs sales mln vs mln note company went public may reuter
ltd th qtr oper net oper shr profit cts vs loss one ct oper net profit vs loss revs vs na year oper shr profit cts vs loss cts oper net profit vs loss revs mln vs na avg shrs vs note excludes gains dlrs cts dlrs cts current qtr year respectively benefit tax loss carryforwards year ago excludes losses dlrs four cts qtr dlrs eight cts year discontinued operations restated reuter
tech data sets three two split tech data corp said board declared three two stock split payable april holders record april reuter
tonka sees lower fiscal first quarter net tonka corp said expects results fiscal first quarter end april four decline record earnings mln dlrs cts share revenues mln dlrs toy manufacturer attributed anticipated lower financial results expected moderate decline shipments pound product line tonka also said expects revenues earnings remain lower first half compared record results mln dlrs revenues mln dlrs net earnings dlrs share company said level shipments good despite conservative buying pattern part retailers industry wide tonka first quarter shipments somewhat record levels gross profit margins slightly year ago said second half sales expected stronger based return traditional seasonal shipping pattern retailers order stock early year time large shipments second half said tonka said pace order writing last year bookings good orders several new product introductions reuter
resources ltd year loss shr loss three cts vs profit cts net loss vs profit revs vs note year includes dlr writedown utah oil gas properties reuter
peru says new gold deposits worth billion dlrs president alan garcia said peru found gold deposits worth estimated billion dlrs jungle region near ecuadorean border km north told reporters deposits located four sites near town san contained equivalent tonnes gold garcia said government would soon install two mln dlr treatment plant extract enough ore provide estimated mln dlr profit end year added garcia said gold bearing deposits located zone santiago rivers reuter
inc th qtr net shr cts vs cts net mln vs mln revs mln vs mln year shr cts vs cts net mln vs mln revs mln vs mln avg shrs mln vs mln reuter
corp nd qtr dec loss shr loss cts vs loss five cts net loss vs loss sales vs six mths shr profit four cts vs loss cts net profit vs loss sales vs reuter
diversified human group hire year shr loss five cts vs profit cts net loss vs profit revs mln vs mln note includes credit cts reuter
investment group raises robeson stake group affiliated miami based investment firms led fundamental management corp said raised stake robeson industries corp shares pct total pct filing securities exchange commission group said bought robeson common shares jan feb dlrs group said may buy shares plans study robeson operations afterwards may recommend management make changes operations fundamental management chairman carl singer recently elected robeson board reuter
pittston agrees acquire wtc international exchange stock
corp nd qtr dec loss shr loss two cts vs loss five cts net loss vs loss sales vs avg shrs vs six mths shr profit four cts vs loss cts net profit vs loss sales vs avg shrs vs reuter
japan joining international cocoa agreement japan process joining international cocoa organisation icco bring number members body icco officials said japan completing procedures necessary accession icco expected become importing member three four months said reuter
first granite agrees acquired first granite bancorp inc said agreed principle become wholly owned subsidiary magna group inc terms agreement first granite shareholders receive shares magna first granite share held first granite shareholders asked approve late summer first granite shares outstanding dec assets mln dlrs owns first granite city national bank colonial bank granite city ill magna groups dec assets billion dlrs owns banks data services company mortgage company trust company serving st louis well ill reuter
australian plans philippine branch takeover australia based ariadne australia ltd plans set branch philippines fulfill takeover philippine brewing firm san miguel corp hong kong newspaper said hong kong economic journal quoted spokesman australian stock broker jacksons ltd saying barwon ltd listed australian firm ariadne owns pct stake planning branch philippines added jacksons arranging offer barwon pay total billion pesos cash mln san miguel shares barwon offering pesos mln class san miguel shares mln class b stock jacksons spokesman noted valuable stock would sold companies registered philippines said barwon approached philippine government seized block shares united coconut planters bank believed linked country president ferdinand marcos added expects deal concluded barwon philippine government days offer cash newspaper reported hong kong economic journal also noted stock market rumours neptunia corp hong kong registered company controlled san miguel president andres soriano party keen block san miguel shares philippine commission good government ruled last may move neptunia acquire mln san miguel shares controlled brewery firm former chairman eduardo cojuangco also chairman united coconut commissioner ramon diaz said time government would allow subsidiary buy parent firm adding san miguel could offered shares parties manila newspaper sunday times published letter sent yesterday president corazon aquino ariadne chairman new bruce judge offering cash equivalent five pct nation yearly budget buy shares government judge offer billion pesos five pct philippines yearly budget ariadne philippine agent quoted telling reporters yesterday spokesmen ariadne jacksons neptunia available comment officials philippines san miguel brewery ltd hong kong listed company pct held neptunia behalf san miguel corp closed cents higher h k dlrs friday reuter
ge ge profit outlook aided engine order one general electric co biggest businesses aircraft engines ride wave increasing profits new contract worth mln dlrs wall street analysts said previously expected business would peak decline point next five years improved outlook results amr corp amr decision order new planes c ge engines financial helped ge get order said nicholas heymann analyst drexel burnham lambert inc amr declined go detail financing arrangements order boeing co ba airbus industrie long distance aircraft amr said using rent plane leases allow operate aircraft without adding debt structure amr also right decline delivery planes return short notice arrangement amr case unexpected development severe downturn economy ge point view package looks like good deal several reasons heymann said ge able record revenue sale time delivery heymann noted reason amr decides take planes ge financial arm general electric financial services inc would little trouble another airline wanted fuel efficient planes whole deal appears pose little risk ge heymann said ge stock declined shares h p smith analyst smith barney harris upham co said billion dlr revenue company one order much effect stock russell analyst salomon brothers inc said order help maintain good level production profitability aircraft engine business ge heymann sees operating profits ge jet engine business rising mln dlrs last year billion dlrs revenue jet engines close six billion dlrs last year well half business military sector according analysts estimates outlook ge jet engine business performance segments heymann expects ge earn dlrs per share first quarter saying many results believes ge shown acquisition rca corp unique ability buy major business parts parts elements business areas smith sees ge earning dlrs per share current quarter credits good results rca turn aided nbc broadcasting operation lower interest rates sees dlrs current quarter part significant benefits rca acquisition reuter
porex technologies sets initial dividend porex technologies corp said board declared initial annual dividend cts per share first payout payable march holders record march reuter
inc th qtr jan net shr cts vs cts net vs sales mln vs mln year oper shr dlrs vs dlrs oper net mln vs mln sales mln vs mln note prior year net excludes loss dlrs discontinued operations loss disposal dlrs reuter
ncr ncr sees good chance record year net ncr corp optimistic post record revenues profits charles e jr chairman president said much considerable optimism future based strength continuing flow new products told meeting securities analysts current position strongest modern ncr history new generation offerings deliverable every major category year ncr earnings rose nine pct dlrs share sales increased pct billion dlrs balance said ncr pay close attention increasing penetration major accounts expanding third party distribution channels continuing introduction new products new products introduced within months accounted pct major equipment order activity said end two months added say good start reuter
bangladesh sugar production almost bangladesh sugar production increased nearly tonnes last year season total tonnes end year season sugar food industries corp said increased output enable bangladesh cut imports corporation officials told reuters country already imported tonnes sugar buy tonnes make shortfall year ending june imports totalled tonnes nearly tonnes still stock said without giving details reuter
inc th qtr net shr cts vs cts net vs sales vs year shr cts vs cts net vs sales mln vs mln reuter
bank england money market liquidity bank england said liquidity money market sold mln stg treasury bills due march rates pct earlier bank estimated surplus around mln stg system today reuter
publishing co declares qtly div qtly div cts vs cts prior pay may record april reuter
fcoj supplies significantly year ago usda total supply frozen concentrated orange juice fcoj expected significantly year earlier levels even carry stocks well previous season u agriculture department said summary fruit situation report department said florida imports fcoj mostly brazil shown sharp gains date department noted price fcoj probably affected final decision scheduled april whether u considers brazilian fcoj exports u caused injury continuing strong demand fresh processing fruit coupled seasonal declines supplies mean prices remain higher spring year earlier department said stocks fresh apples cold storage beginning february moderately larger year earlier strong demand kept apple prices firm view strong demand seasonally reduced supplies apple prices projected stay firm remainder supplies processed fruit smaller year ago said movement fruit improved remaining fruit items tight prices strengthened department said reuter
industries inc sets quarterly qtly div cts vs cts prior pay april record april reuter
treasury baker says u remains prepared foster exchange rate stability
u export bonus poultry feed north yemen commodity credit corporation ccc accepted bid export bonus cover sale tonnes mixed poultry feed north yemen u agriculture department said department said feed delivery april announced earlier bonus dlrs per tonne made pillsbury company paid form commodities ccc stocks additional tonnes mixed poultry feed still available north yemen export enhancement program announced april said reuter
gulf resources gain stock sale gulf resources chemical corp said sold shares imperial continental gas association pence share mln stg private transaction pretax gain mln dlrs gulf resources said still owns mln shares imperial continental pct interest continues study various alternatives reuter
u treasury baker opposes tax increase u treasury secretary james baker said opposes federal tax increase help reduce budget deficit favors spending cuts instead think tax increase good idea quite confident president reagan think good idea baker said interview cable news network television program said u taxpayers rate pct gnp traditionally federal government spending rate pct gnp baker said spending cuts clearly best way cut budget deficits baker said opposed stock transactions tax proposed house speaker jim wright tex special taxes stock transfer tax would particularly unfortunate approach take treasury secretary said said united states efficient capital markets world new taxes would efficiency international front baker said banks must lending developing countries questioned standard poor corp today debt six major money center bank holding companies largely heavy developing nation loan exposure baker said developing countries must adopt free market economic policies united states said capital flows required support needed reforms economic systems countries money must come either equity debt baker said developing nations investment support enough equity investment got debt commenting u trade deficit baker said think going see billion dlr reduction year reuter
adobe systems inc st qtr feb net shr cts vs six cts net vs revs vs avg shrs vs note prior qtr per share figure adjusted two one stock split february reuter
group ltd th qtr net shr nine cts vs three cts net vs rev mln vs mln year shr cts vs cts net vs rev mln vs mln reuter
top discount rate u k bill tender falls pct
equities inc th qtr net shr profit cts vs loss cts net profit vs loss revs mln vs mln year shr profit cts vs loss cts net profit vs loss revs mln vs mln avg shrs vs reuter
group boosts gelco gel stake pct investor group including new york based mutual shares corp mutual qualified income fund inc told securities exchange commission raised stake gelco corp common stock shares pct total outstanding group said recent purchases included shares bought january march group said purchased shares investment purposes reuter
varian buys international varian associates inc said acquired outstanding stock closely held international inc undisclosed amount cash based harbor city calif supplier phase preparation products used prepare chemical samples analysis varian said reuter
gencorp gy st qtr operating earnings rose gencorp said first quarter earnings operations rose four pct sales increased six pct mln dlrs mln year earlier however company reported net income declined mln dlrs cts share quarter ended february mln dlrs cts year earlier year net included dlrs sale assets last years increased mln dlrs sales gencorp said lower operating profits tire plastics industrial products segments essentially offset higher results reuter
management corp st qtr loss qtr ended nov shr loss nil vs profit nil net loss vs profit revs vs reuter
zimbabwe government buys astra zimbabwe government bought pct equity astra corporation mln dlrs netherlands based nederland astra announced astra owns five companies interests engineering paint manufacture distribution farm machinery equipment motor vehicles equipment company locally controlled pct equity owned government pct dutch firm six pct stake donated astra corporation workers trust government dutch company reuter
american stores sees lower year net american stores co said expects report earnings per share dlrs per share sales slightly billion dlrs year ended january supermarket chain earned dlrs per share sales billion dlrs last year company elaborate reuter
western tele communications th qtr net oper shr cts vs cts oper net vs revs mln vs year oper shr dlrs vs dlrs oper net mln vs mln revs mln vs mln note oper net excludes loss discontinued operations dlrs vs gain dlrs qtr gain dlrs vs gain dlrs year note full name western tele communications inc reuter
fairchild deal failure seen making japanese wary schlumberger ltd slb n decision end agreement principle fujitsu ltd itsu buy pct fairchild semiconductor corp political proposed sale make japanese companies cautious efforts acquire u high technology firms halt attempts industry analysts said collapse deal critical blow fujitsu boost cost future u expansion japanese firm said analysts polled reuters acquisition fairchild essential fujitsu north american operations would great boost james capel co analyst tom murtha said french controlled schlumberger said yesterday ending agreement mounting political controversy u made unlikely sale fairchild stake could completed reasonable time sale opposed u commerce department defence department partly national security grounds fujitsu acquisition fairchild would given japanese computer maker control comprehensive north american sales distribution system access technology area fujitsu weak analysts said deal would also given fujitsu additional microchip production facilities worldwide eight u report capel firm said entry point port semiconductors marketing channel things said barclays de zoete wedd analyst may several analysts said purchase would given fujitsu access critical defence technology fairchild simply key technology thing past may said failure could fujitsu might spend several hundred million dollars modernise fairchild production lines capel murtha said failure deal encourage japanese firms take lower profile attempts acquire u high tech firms unlikely stop analysts said analysts said fujitsu likely go costly route expanding production distribution facilities u although said could use estimated mln dlrs set aside buying fairchild try acquire less politically firm may slow pace japanese acquisitions necessity expanding production design capacity america remains said capel murtha japanese continue shop harder find ones politically acceptable japanese firms likely favour joint ventures smaller equity stakes firms avoid political blocked fairchild sale analysts said going slow going buy smaller pieces political risk said barclays de zoete may several japanese firms already taken pct shares smaller u high technology firms super makers said opposition sort blocked fujitsu could end harming u firms trend toward multinational tie ups analysts said really benefit u firms either said jardine fleming securities ltd analyst edwards pooling resources semiconductors positive move government step prevent japan minister international trade industry hajime tamura told press conference u government officials fairchild deal inappropriate entirely private sector matter matter governments comment tamura said think improper u government officials intervene extent said spokesman told reuters ministry view international investment flows ought free flows increasing importance line growing u japanese economic ties reuter
steinhardt group pct holiday hia group led new york investor michael steinhardt told securities exchange commission bought pct stake holiday corp common stock investment group said paid mln dlrs mln holiday shares bought since feb time group members said held short positions stock totaling shares addition steinhardt group includes steinhardt partners institutional partners two investment firms steinhardt one general partners reuter
inc gas regular dividend set qtly div cts vs cts previously pay may record march reuter
bp unit sees u gold mine proceeding british petroleum co plc said based feasibility report mining co joint venture project south carolina could start commercial gold production mid company said mine would produce approximately ounces gold per year first four full years operation average ounces year full projected year life mine bp partner galactic resources ltd toronto bp said subject receipt statutory permits financing arrangements management joint venture review construction short ton per day processing facility start capital costs bring mine production estimated mln dlrs reuter
white house panel said urging japan retaliation white house economic policy council decided recommend trade sanctions japan violations u japanese semiconductor agreement industry sources said would give details noting white house commented decision administration pressure retaliate immediate announcement council decision u officials said likely senior policy group move curbs reflected growing american frustration alleged unfair japanese trade practices u officials said president reagan would probably act recommendations day consulting aides foreign policy implications retaliation officials said reagan might delay retaliation last try persuade japan abide agreement reached last july governing trade semiconductors pact reached last july japan stop dumping semiconductors world markets open market u made semiconductors return u agreed hold imposing anti dumping duties japanese semiconductor shipments united states said dumping stopped u market continued third countries japanese market remains closed pressure reagan retaliate included call senate last week impose penalties japanese high technology products containing semiconductors call retaliation also came semiconductor industry chief trade union u officials said likely move japan would involve duties semiconductor based goods video recorders computers reuter
united cities makes acquisition united cities gas co said acquired lyle propane gas co cairo ga propane gas distributor undisclosed terms said lyle sales four mln gallons annually serves customers seven counties southwest georgia north florida reuter
london floating rate note prices open sharply lower dealers say
german call money eases liquidity injection call money eased pct yesterday following net injection billion marks rate pct fresh funds week securities repurchase agreement dealers said rates expected rise toward end week major tax payment period banks behalf customers payments federal loan stock repayments mark liabilities incurred foreign central banks bundesbank framework european monetary system ems likely significantly burden system banks built minimum reserves today ahead expected outflow bundesbank credited banks gross billion marks billion left system time earlier securities repurchase pact dealers estimated ems related outflow high six billion marks bundesbank declined comment spokesman said yesterday although funds due may allowed roll possibility central banks may choose redeem meant net infusion needed dealers forecast tax payments billion marks much expected burden system next week banks minimum reserve holdings bundesbank totalled billion marks monday averaging billion first nine days march dealers said although figure well expected requirement around billion marks expected outflow funds large banks might find difficult meet requirement toward end march securities repurchase agreement expiring next week dealers said bundesbank could offer fresh liquidity conditions significantly tighten bundesbank wants keep rates around pct one dealer said reuter
rexnord rex sees may merger banner bnr rexnord inc said expects merge wholly owned subsidiary banner industries inc early may late last month banner said completed tender offer held pct rexnord common shares reuter
oshman sporting goods inc th qtr net qtr ended jan shr cts vs dlrs net vs revs mln vs mln avg shrs vs year shr cts vs dlrs net vs revs mln vs mln avg shrs vs note net includes lifo gains dlrs vs dlrs qtr charges dlrs vs dlrs year reuter
placer pacific says big bell gold study expanding placer pacific ltd said undertake full feasibility study western australia big bell gold prospect results economic evaluation find placer option australian consolidated minerals ltd earn pct interest encouraging enough warrant full study placer said statement big bell km north east founded yielded tonnes gold tonnes silver milling tonnes ore month placer said prospect estimated mln tonnes ore three per tonne concentration open pit mining mln tonnes tonne concentration meters underground said obliged produce feasibility study later december year time would spent three mln dlrs big bell results positive commitment develop made construction would take months placer said reuter
firm reduces sceptre resources holdings montreal based noverco inc told securities exchange commission reduced stake sceptre resources ltd shares pct total outstanding noverco said sold shares reduce investment noverco sceptre additional common shares sceptre may sold purchased noverco depending upon market conditions noverco said reuter
enterprises inc year jan net shr cts vs cts qtly div cts vs cts prior net vs sales mln vs mln note dividend pay april record april nine reuter
mickelberry completes sale unit mickelberry corp said completed previously announced sale pct c w group subsidiary retained n w inc undisclosed terms bought pct next year mickelberry said report gain transaction reuter
bbc ag brown boveri und cie z year parent company net profit mln swiss francs vs mln orders received billion francs vs billion sales billion francs vs billion group sales billion francs vs billion group orders billion francs vs billion
west german jan coffee imports year ago west german gross green coffee imports january fell sharply tonnes january last year figures federal statistics office show imports coffee tonnes nil year earlier reuter
kodak ek buys stake enzon eastman kodak co said acquired pct equity interest enzon inc pharmaceutical company specializing protein therapy kodak said secured worldwide marketing rights three enzon peg used treatment company said acquired two mln enzon shares mln dlrs loans enzon two mln dlrs interest dlrs credited purchase price kodak said drugs covered marketing rights initial stages u food drug administration approval process said investment provide necessary capital complete fda review process provide marketing outlet drugs drugs peg peg use cause often tissue damage associated severe burns heart attacks peg treatment conditions caused buildup high levels acid body reuter
safeguard scientific equity deal safeguard inc said made mln dlr equity investment sanchez computer associates inc private computer software firm based pa safeguard said investment gives major ownership position sanchez specializes software products financial institutions reuter
schwab completes purchase schwab co charles schwab announced completion mln dlr purchase bankamerica co charles schwab co inc holding company charles schwab corp leveraged buyout financed syndicate seven banks led security pacific national bank unit security pacific corp spc announcement said charles schwab co nation largest discount brokerage firm schwab announcement said bankamerica received mln dlrs cash mln pct senior subordinated debentures mln dlrs nine pct junior subordinated debentures right receive pct value common equity new company maximum period eight years security pacific also acquired stock appreciation right equal pct value new company fully diluted common stock schwab said right exchangeable warrants upon transfer security pacific non affiliate schwab said bankamerica originally acquired schwab mln dlrs worth bankamerica common stock sale profitable discount brokerage firm back charles schwab aimed raising capital seen banking analysts means heading hostile takeover attempt first interstate bancorp reuter
inc th qtr loss oper shr loss one ct vs loss cts oper net profit vs loss revs vs year oper shr loss six cts vs loss cts oper net profit vs loss revs mln vs mln note net excludes tax credits dlrs quarter dlrs year gains termination pension plan dlrs quarter dlrs year share preferred dividends reuter
biotech capital buy magazine biotech capital corp said agreed buy high technology magazine group boston terms disclosed magazine publishes information emerging technologies impact business circulation largest kind world company said reuter
national patent development corp payout qtly div cts vs cts prior pay may one record april one reuter
com corp rd qtr feb net shr cts vs cts net vs sales mln vs mln avg shrs mln vs mln nine mths shr cts vs cts net vs sales mln vs mln avg shrs mln vs mln reuter
taiwan proposes tariff cuts taiwan said plans another round tariff cuts possibly within month try narrow trade surplus u vice finance minister ronald ho said high level economic committee recommended tariff cuts products requested washington including apples fruit juice ho said cuts may come effect end next month taiwan trade surplus u widened first two months year billion dlrs billion dlrs period last year reuter
japan acts cool u anger dispute japan sought assure u trying keep foreign equity new japanese international telecommunications company legal limit pct post telecommunications ministry official said letter sent yesterday minister told u commerce secretary malcolm baldrige ministry object foreign participation u firms expressed interest oppose foreign international telecommunications carrier management role said move appears effort dampen u opposition planned merger two rival firms seeking compete current monopoly kokusai denwa denshin co ltd reduce share held kdd rival u k cable wireless plc cawl l industry analysts diplomats said one rival firms international telecom japan inc itj offered stake company eight u firms including general electric co ge ford motor co f citibank na cci two european companies itj president said yesterday cable wireless holds pct share second potential kdd rival international digital communications planning inc along c itoh co merrill lynch co inc mer pacific telesis international inc pac u hold three pct shares respectively post telecommunications ministry urged merger two firms says market support single kdd competitor also rejected management participation international common carrier cable wireless arguing international stake exists cable wireless director corporate strategy yesterday told ministry officials opposes merger proposal would limit cable wireless share less three pct total foreign participation pct ministry official said u firms single merged competitor would probably result cable wireless share industry analysts said eventually ministry get wants one combined competitor bache securities japan ltd analyst said political leverage may get total foreign share certain amount find one company large holding said western diplomatic sources ministry want see cable wireless reasonable share think strategies reduce share one said fumio watanabe senior keidanren leading business organization official trying arrange merger present new outline proposal thursday ministry official said reuter
lilco revises net include mln dlr loss provision
gencorp says expects complete sale wor tv week challenges resolved
group inc year net shr six cts net revs note company formed august reuter
intercare care drops offering buyout plans intercare inc said terminated plans acquire universal care california health organization following first jersey securities decision withdraw underwriter intercare proposed public debt equity securities offering acquisition contingent ability obtain financing fund mln dlr cash portion purchase price intercare said also said offering aimed raising mln dlrs working capital mln repay debt incurred connection recent acquisition u medical enterprises inc company stated mln dlr working capital deficit therefore reduce operating expenses decreasing operating hours workforce reductions sale certain assets reuter
white engine bought private investor white engine manufacturer industrial automotive diesel gasoline engines mln dlrs sales said sold group group investors white engine said purchase led donald stewart private investment banker along white senior executives source close transaction said purchase prices set mln dlrs company said change name engines inc stewart majority interest owner well president chief executive officer addition john current chairman chief executive officer remain chairman company said joseph g currently president vice chairman according company reuter
municipal financial corp st qtr jan net shr cts vs cts net vs revs mln vs mln assets mln vs mln reuter
clear evidence trade gap reversed volcker federal reserve board chairman paul volcker said current data give clear sign deterioration u trade balance yet reversed data hand provide evidence deterioration trade balance yet reversed volcker said remarks prepared delivery community leaders however volcker said encouraging signs particularly rising volume exports past year achieved despite relatively slow growth abroad volcker warned sustainable economic pile foreign debt failing make investment needed generate growth earn money service debt said process restoring external balance u economy requires dealing budget deficit said needed economic adjustment require relative shift financial real resources internationally competitive industry growth need reflected net exports business investment less consumption volcker said reuter
air canada acquire calgary courier company air canada state owned airline said signed letter intent acquire pct ems corp calgary based service operates western canada u gelco corp gel earlier said air canada agreed buy canadian gelco express ltd unit mln u dlrs air canada said acquisitions complement main cargo business said expects courier market grow pct year reuter
cominco ltd cuts lead price canada cominco ltd said cominco metals division lowered price lead metal sold canada canadian cts per pound canadian cts per pound reuter
shell canada schedules annual refinery shutdown shell canada ltd pct owned royal dutch shell group rd st scheduled annual maintenance refinery shutdowns next two months company spokeswoman judy wish said wish said refineries stockpile production shutdowns maintain normal supply maintenance carried production shell major refinery alberta closed one month wish said layoffs associated refinery maintenance added reuter
controls inc rd qtr loss shr loss dlrs vs loss cts net loss vs loss revs vs nine mths shr loss dlrs vs loss cts net loss mln vs loss revs vs mln note current periods include loss mln dlrs discontinued operations reuter
u k reserves show large underlying rise march britain gold currency reserves showed underlying rise billion dlrs march mln dlr rise january treasury said considerably market expectations mln dlr rise underlying trend guide bank england operations support pound foreign exchanges net borrowings repayments treasury declined comment figures last month said bank england took opportunity strong demand rebuild reserves losses last autumn actual reserves rose billion dlrs rising mln february billion total reserves revalued billion dlrs would totalled billion previous valuation treasury said gold reserves revalued mln dlrs sdrs ecu convertible currency holdings revalued billion accruals borrowings exchange cover scheme mln dlrs last month mln february repayments mln dlrs previous mln capital repayments totalled mln dlrs february two mln dlrs repayment reuter
patrick petroleum co th qtr net shr nil vs one ct net vs revs vs avg shrs vs year shr loss dlrs vs profit cts net loss vs profit revs vs avg shrs vs reuter
k mart km selling kresge mccrory k mart corp said agreed sell u kresge stores mccrory corp subsidiary privately held rapid american corp said agreement covers stores states including inventory price depends amount inventory stores closing date k mart said continue operate stores early june mccrory take service newly acquired kresge stores renamed mccrory mccrory currently operates stores states reuter
corp regular dividend set qtly div cts vs cts prior pay april record march reuter
h r block sees gains tax reform april tax return deadline less month away taxpayers h r block inc offices new tax financial results nation largest tax expected good fiscal next year could analysts say short term key word confusion block vice president tom bloch said interview congress changes laws confusion results tax benefit bloch said next year taxpayers take new forms place side side compare people throw hands say going get help said tax forms look different next year added kidder peabody analyst herbert expects block fiscal year end april show good gains fiscal earnings mln dlrs dlrs share revenues mln dlrs estimates block fiscal earnings dlrs next year block could said based estimates larger work force block could show gain five pct tax forms prepared said tax season block prepared u tax returns pct previous year internal revenue service estimates mln individual income tax returns filed tax season last year mln forms professional tax accounted million forms according irs longer term confusion continue bring clients block tax preparation offices worldwide changes act negative effect bloch conceded certain changes filing requirements tax return cases form noted addition low income wage earners taken tax rolls said block currently price structure try offset last tax season average cost return u amounted dlrs dlrs worldwide bloch said tax season rates three four pct line inflation rate said block expects expansion tax season electronic filing system directly irs speed refund process block choose much wants expand seven cities made available direct filing irs bloch noted irs estimates returns directly filed tax season returns injected tax season first kansas city analyst said block benefit greatly lower tax rates fiscal expects block advertising budget last year helped bit lower costs television may get little said estimates block mln dlrs cash balance sheet sheet says interest rates rise could great benefit reuter
ec opens anti dumping enquiry soviet mercury european community commission said opened enquiry allegations soviet union dumping mercury european market cost prices commission said decision follows complaint ec non ferrous metals producers sales soviet mercury harming business threatening jobs european industry according complaint soviet mercury sales ec risen zero recent years tonnes august october last year threaten pct ec market continue pace industry said mercury sold pct prices charged ec producers forcing cut prices levels longer covered costs imports caused producers heavy financial losses said commission said industry would probably unable hold prices current levels increase would result loss sales jobs called anti dumping procedure opened commission allow interested parties state cases authority reuter
costa rica sells sugar soviet union costa rica agreed sell tonnes sugar year soviet union spokesman local producers said miguel president agricultural sugar cane industry said sale follows recent pct cut costa rica quota sugar exports u said tonnes sugar could exported soviet union year deal similar one soviets made recently dominican republic soviet ship load tonnes pacific port punta monday said second ship take additional tonnes two days later industry sources declined disclose price sugar sold reuter
banner bnr completes tender rexnord rex banner industries inc said mln outstanding mln shares rexnord inc tendered pursuant dlr share offer closed midnight est feb together five mln shares already owns company said holds pct stake company said completion deal subject approval holders closing conditions expects deal close days reuter
comdata network agrees higher offer welsh carson anderson
standard yr loss shr loss cts vs loss seven cts net loss vs loss revs vs note full name company standard inc reuter
agrees acquire refining resources ltd said signed interim agreement acquire pct outstanding shares refining inc texas pay certain number shares common stock based book value maximum one mln shares formula linked next five years pre tax net revenues transaction subject completion definitive agreement regulatory approval reuter
providence energy corp regular dividend qtly div cts vs cts prior pay may record april reuter
texas international audit texas international inc said received audit opinion arthur andersen co company received qualified opinion financial statements subject ability resolve negotiations u bank group subsequently sold almost domestic oil natural gas properties retired u bank debt march part proceeds reuter
ford motor co canada ltd th qtr shr dlrs vs cts
u k money market deficit revised upward bank england said revised estimate today shortfall mln stg mln reuter
bp says tender remaining pct standard oil dlrs share cash
progressive bank inc qtly div seven cts vs seven cts prior qtr payable april record march reuter
data general take mln dlr pretax charge redeem mln dlrs debt
upland minerals acquires brazil mining firm upland minerals chemicals corp said agreed acquire consolidated brazilian mines international inc public company one mln acres diamond gold properties brazil terms disclosed consolidated owns mining concessions three regions eastern northern brazil antonio company said upland also said previously announced acquisition mining corp minas brazil mining concern produce revenues mln dlrs year next years reuter
del laboratories inc th qtr net shr cts vs cts net vs revs mln vs mln year shr dlrs vs dlrs net vs revs mln vs mln note per share figures adjusted reflect four three stock split paid march reuter
michigan general corp th qtr shr loss dlrs vs dlr net loss mln vs mln revs mln vs mln year shr loss dlrs vs loss dlrs net loss mln vs mln revs mln vs mln note th qtr year loss includes mln dlrs mln dlrs respectively discontinued th qtr year include loss mln mln dlr respectively reuter
correction federal paper fbt raises payout item march please read headline federal paper board co fbt raises payout also please read qtly div cts vs cts corrects headline dividend figure show payout raised
resources corp th qtr loss shr given net loss vs profit revs vs year shr loss one ct vs profit nine cts net loss vs profit revs vs reuter
cineplex odeon buying coke ko cinema unit cineplex odeon corp said agreed principle acquire walter organization inc new york cinema chain coca cola co entertainment holdings inc unit mln u dlrs cineplex said purchase price mln dlrs cash cineplex common shares transaction subject certain unspecified conditions regulatory board approvals walter operates eight manhattan locations reuter
volcker says stimulus abroad needed adjustments trade balances
justice asks u dismissal twa twa filing justice department told transportation department supported request usair group dot dismiss application trans world airlines inc approval take control usair reviewed application control filed twa dot contain sufficient information upon base competitive review james weiss official justice antitrust division told reuters reuter
energy california oil production drilling oil california likely continue last year sharply reduced levels despite recent gains crude oil prices industry analysts said much crude oil california fields heavy expensive extract oil prices would increase near levels significant recovery seen drilling said companies probably drill best prospects said john analyst wilson securities inc new wells drilled rigs one quarter total available drilling oil onshore california last week compared last year said bill bolster oil information services california drilling activity right said bolster state drilling activity current prices enough justify increased drilling said california independent producers association organization petroleum exporting countries pact curb production boosted oil prices early year prices eventually fell prices california grade line slumped pct last month dlrs high dlrs half california oil comes stripper wells producing less barrels day much oil costs dlrs barrel extract said unusual stripper well cost dlrs said many stripper wells along southern california coast produce eight times much water crude oil inland wells frequently require use steam injection spur extraction heavy oil said outlook future production california clouded lack exploratory drilling analysts said heart california oil kern county produces two thirds state oil exploratory drilling slowed exploratory wells drilled kern county compared according david mitchell state energy commission far year five exploratory wells drilled think even get last year mitchell said pickup exploratory drilling likely rest decade mitchell said along fall drilling come decrease number producing wells overall production february october number producing oil wells california fell pct said bill california energy commission line decrease california crude oil output fell pct last year due low oil prices expected remain lower level analysts said february october california crude oil production slipped time high mln barrels per day mln bpd said total estimated crude oil production california mln bbls compared mln bbls mln bbl according california department conservation production probably hold around levels said reuter
brazilian inflation lower february brazilian consumer prices rose pct february compared january record rate pct brazilian geography statistics institute said statement february rise brought increase consumer prices since introduction anti inflation cruzado plan year ago pct reuter
paralax agrees acquire american video paralax video enterprises inc said acquire american video group inc exchange paralax restricted common shares three year warrants buy restricted shares six dlrs share paralax said holders american video convertible debentures elected exchange paralax restricted common market value dlrs value determined days american video closely held company operating video rental concessions post base exchanges army air force navy coast guard installations recent year company revenues mln dlrs paralax said acquisition scheduled close march company mln shares outstanding reuter
pepsico offers acquire calny inc dlrs share
alusuisse plans aluminium capacity cuts schweizerische aluminium ag aluz z alusuisse plans drastic cuts aluminium smelting capacity concentration higher value added products chief executive hans jucker said elaborating plans disclosed outline last september company officials said current smelting capacity tonnes year would cut tonnes say cuts might made two years ago selling corp subsidiary united states local management staff alusuisse annual capacity tonnes reuter
lucky stores inc quarterly dividend cts per share
national inc th qtr loss shr loss six cts vs profit cts net loss vs profit revs vs year shr loss cts vs profit cts net loss vs profit revs mln vs mln note year figures pro forma purchase accounting adjustments resulting march company original shareholders august initial public offering reuter
occidental oxy big peru heavy oil find occidental petroleum corp said development well block ab peruvian amazon jungle producing barrels degree gravity oil per day depths feet company said drilling new exploration well block southeast miles away reuter
united tote inc tote st qtr jan net shr nil vs loss cts net profit vs loss revs vs reuter
anova ventures sets dividend shares anova ventures corp said board declared dividend payable form registered shares stock corp public pool anova publishing financial services firm specializing arranging acquisitions mergers shells private companies anova said created act pool seek operating private company merger sold common shares private investor group finance expenses registration shares paid anova stockholders dividend added reuter
home savings bank hmsb sets initial quarterly home savings bank said board declared initial quarterly dividend nine cts per share payable april record april six reuter
australia woolworths looks improved profits woolworths ltd said policy management financial changes initiated business year cause profits reach acceptable levels end february net profit reported earlier fell pct year ended february results first month new year encouraging period uncertain consumer confidence difficult trading conditions said statement big w discount store division new south wales supermarkets produced disappointing results added woolworths earlier reported fall net profit mln mln sales billion billion capital spending year mln dlrs mln previous year new stores opened total sales target woolworths said company provided mln dlrs operating profit year cover mark downs stock extraordinary items included mln dlr profit sale properties investments less mln provision big w chain woolworths unrelated u group f w woolworth z n subject takeover speculation since industrial equity ltd acquired pct stake last year new zealand diversified investment group rainbow corp ltd bought safeway stores inc sa pct holding woolworths mln dlrs late last year safeway put stake tender time take advantage changes u tax laws effective end december informed sources said woolworths shares closed australian stock exchanges today dlrs five cents friday reuter
csp inc nd qtr feb net shr one ct vs cts net vs sales vs st half shr eight cts vs cts net vs sales vs reuter
american variety acquisition pact terminated american variety international inc said agreement acquire first national entertainment corp terminated first national able fulfill terms agreement said due negotiations first national several american variety divisions american variety said record tape library possible conversion compact reuter
coastal cgp hit two billion dlr lawsuit transamerica natural gas corp said seeking two billion dlrs punitive actual damages lawsuit filed today coastal corp chairman certain coastal affiliates transamerica privately held company bankruptcy since said suit alleges coastal chairman jr unlawfully agreements previously reached creditors causing company significant damage transamerica also said suit filed state district court harris county texas seeks coastal enjoin contractual agreements creditors company alleged beginning mid coastal chairman took various steps acquire gas assets coastal used transamerica bankruptcy proceedings hostile takeover attempt company charged suit transamerican alleged coastal corporate raiders restrained past taking corporations attempt create position could control raise gas prices obvious coastal efforts take transamerican attempt control larger share texas gas market end users consumers company alleged coastal could reached comment company name transamerican reuter
h e fitness buys livingwell unit h e fitness inc said agreed buy livingwell inc manufacturing unit international inc mln h e fitness shares valued mln dlrs acquisition includes livingwell rights recently announced fitness equipment separate transaction livingwell inc operator health clubs placed six mln dlrs order international install equipment clubs reuter
mcdermott says stake law mcdermott international inc said purchase pct block stock apparent violation laws panama country incorporation company said detailed disclosure acquisition offer must made national securities commission target board acquiring five pct stake said transfers securities violation regulations company immediately available say acquired pct block stock reuter
clark equipment buys mln shares clark equipment co said purchased shares common stock investor group led arthur dlrs share said purchase reduces number shares clark common stock purchased stock repurchase plan announced march time company said would buy back mln shares pct outstanding stock clark equipment also said investor group agreed enter standstill agreement members group purchasing shares voting securities clark years reuter
union takes stake union sa said statement acquired eight pct interest mining ltd sum equivalent billion belgian francs operates gold coal mines australia natural gas oil fields canada union said location interest within group decided later elaborate union wholly owned subsidiary societe generale de br reuter
cocoa talks slow crucial stage delegates international cocoa organization icco talks buffer stock rules slowed crucial phase negotiations delegates said remained confident prospects reaching agreement friday cocoa producers european community ec consumers consumers separately reviewed technical details buffer stock rules package distributed yesterday buffer stock working group consumers producers set meet later today debate proposal jointly first time said delegates said major sticking points likely amount non member cocoa allowed bought buffer stock fixed price differentials different origin cocoas offered buffer stock manager producers would prefer non member cocoa included buffer stock countries malaysia benefit cocoa agreement without joining delegates said reuter
iomega sets management labor layoffs iomega corp said laid quarter professional management staff nearly half direct labor force part restructuring business company also said receive qualified opinion auditors financial statement subject outcome two suits company consolidated class action law suit seeks damages unspecified amount also related shareholder action iomega said auditors state opinion letter actions early stages discovery likely outcome determined time company said corporate wide reduction professional management indirect labor result permanent elimination positions areas company business represents pct professional management indirect employees added addition iomega announced layoff employees principally manufacturing direct labor force affected represent pct direct labor commenting layoffs iomega said among direct labor force affects personnel building alpha eight inch disk drive boxes action required bring finished goods inventory inventory distribution channels acceptable levels explained company stated layoff affect production new inch product currently built backlog orders reuter
french official reserves fall sharply january french official reserves fell billion francs billion end january billion end december finance ministry said statement said fall largely due sales foreign currency january realignment european monetary system ems foreign currency reserves fell billion francs month ministry said reflected outflows billion francs operations french exchange stabilisation fund gain billion francs resulting quarterly adjustment value dollar deposits held european monetary cooperation fund fecom decline reflected billion franc deficit france built month fecom result using short term financing instruments bank france conjunction bundesbank central banks intervened heavily foreign exchange markets late december january ems accord attempt hold mark attracting flight funds dollar simultaneously shore franc january mark revalued three pct french franc relieving pressure french currency fall foreign exchange reserves took reserves billion francs end january billion end december gold reserves unchanged billion francs reserves european currency units fell billion francs billion end december claims international monetary fund fell mln francs billion francs reuter
sets quarter distribution l p approved second quarter cash distribution cts payable april record march previously said would pay indicated cash distribution dlrs share including cts share would paid april action company set may eight date annual shareholders meeting reuter
inertia dynamics corp trim nd qtr feb net oper shr cts vs cts oper net vs sales mln vs mln six mths oper shr cts vs cts oper net vs note oper data include year ago qtr six mths loss discontinued operations dlrs two cts per shr reuter
affiliated publications inc sets payout qtrly div eight cts vs eight cts prior pay june record may reuter
food mart agrees buy chain food mart inc said tentatively agreed buy outstanding stock inc two associated businesses oregon washington undisclosed terms owns operates convenience stores portland seattle areas business two companies involved wholesale distribution health beauty aids said closing expected may reuter
stanley says results reduced stanley corp said first quarter shipments operating income lower expected due january february forced closing manufacturing facilities six days stanley said however reduction first quarter operating income offset reduced interest expense first quarter net income flat first quarter net income cts share dlrs also said first quarter sales losses would made shipments second quarter reuter
france fund inc sets initial dividend france fund inc said board declared initial dividend dlrs per share payable april six holders record march fund said dividend represents two cts per share net investment income realized dlrs net taxable gains realized year reuter
corp th qtr net oper shr two cts vs eight cts oper net vs sales vs year oper shr cts vs cts oper net vs sales mln vs mln note current qtr year figures exclude loss discontinued operations dlrs cts per share prior qtr year figures exclude losses discontinued operations mln dlrs cts per share mln dlrs dlrs per share respectively reuter
co nd qtr feb net shr cts vs cts net vs sales mln vs mln six mths shr cts vs cts net vs sales mln vs mln reuter
sandoz ag z year group net profit mln swiss francs vs mln dividend francs per francs nominal share vs francs per franc nominal participation certificate vs group turnover billion francs vs billion cash flow mln francs vs mln parent company net profit mln francs vs mln reuter
creditor banks may buy singapore coffee firm nine creditor banks singapore coffee trader teck co pte ltd thinking buying controlling stake company creditor bank official said since last december banks allowing company postpone loan repayments try find overseas commodity company make offer firm least one company expressed interest negotiations yet banking sources said however banks prepared consider taking stake find investor willing inject six seven mln dlrs company take control banking sources said teck financial adviser singapore international merchant bankers ltd work new proposal creditor banks said major holdings likely held two largest creditor banks standard chartered bank l oversea chinese banking corp ltd si added teck owes mln singapore dlrs creditor banks earlier week agreed let teck profitable contracts help balance earlier losses nine banks oversea chinese banking corp ltd united overseas bank ltd si banque paribas bangkok bank ltd citibank na standard chartered bank ltd bank nederland nv banque nationale de paris pa chase manhattan bank na reuter
central capital plans three two stock split central capital corp said planned three two split common class subordinate voting shares subject shareholder approval april annual meeting said split would raise amount common shares mln mln subordinate voting shares mln mln reuter
ec sugar import levies following import levies white raw sugar effective tomorrow european currency units ecu per kilos white sugar denatured non denatured versus previously raw sugar denatured non denatured versus previously rate raws based pct yield reuter
medtronic inc sets quarterly qtly div cts vs cts prior pay april record april reuter
german february industrial output rises pct january fall pct official
japan ask companies boost imports japan minister international trade industry hajime tamura meet representatives nation largest companies next week appeal best increase imports ministry officials said meeting unveiled part plan boost imports help head protectionist legislation u senior officials ministry international trade industry told reporters personal appeals appeared paid past japanese imports manufactured goods climbed leading domestic semiconductor makers boost imports cut production key memory microchips next month attempt help ward u trade sanctions company spokesmen said officials also said expect government new trade insurance law boost imports encourage japanese companies set production facilities overseas new law government insure japanese companies pre pay imports loss arising everything war bankruptcy foreign firm dealing miti estimated would help solve japan trade problem billion dlrs year reuter
continental regular dividend set qtly div cts vs cts previously pay june eight record may reuter
financial corp th qtr net shr cts vs dlrs net vs revs mln vs mln year shr dlrs vs dlrs net vs revs mln vs mln note current qtr figures include securities gain mln dlrs cts per share vs gain mln dlrs dlrs per share current year figures include security gain mln dlrs cts per share vs gain mln dlrs dlrs per share reuter
international inc year jan net shr cts vs cts net vs sales mln vs mln reuter
new rubber pact appears balance negotiations new international natural rubber agreement inra approaching make break point prospects future pact appear balance delegates said manaspas xuto thailand chairman inra renegotiation conference holding consultations small group producers consumers try resolve major outstanding issues talks began monday xuto said issues settled end first week allow time draft agreement second week talks due last march xuto said nothing concrete yet atmosphere good discussions expected continue late night xuto said may hold weekend meetings delegates said negotiations focus degree price adjustments automatic present market price reference price set malaysian singapore cents kilo current agreement six months reference price revised five pct amount decided international natural rubber organisation council consumers asking circumstances adjustment automatic five pct producers want council last word resisted reducing role price adjustment procedure delegates said seems optimism another issue floor price appears consumers may consider dropping insistence downward adjustment floor price called lower indicative price certain circumstances means possible compromise would centre reference price may buy may sell must buy must sell levels without changing lower indicative price set malaysian singapore cents current pact delegates said exchange consumer flexibility floor price question producers may consider agreeing another consumer proposal frequent price reviews month intervals instead present reuter
two hundred people rescued sinking ferry people rescued badly hurt sinking cross channel ferry carrying approximately people belgian port zeebrugge port control spokesman said spokesman contacted telephone said one third car ferry herald free enterprise owned british company townsend thoresen remained water divers sent try rescue passengers believed trapped ferry way zeebrugge english port capsized pier added reuter
corp sells unit swiss corp industries said acquired international time corp privately held corp undisclosed terms international time exclusive distributor swiss corp u reuter
u japanese open talks semiconductors u japanese officials meet tomorrow try settle dispute semiconductor trade cut short mln dlr penalty tariffs president reagan ordered imposed japanese exports u officials held little hope accord could reached tariffs per cent five per cent take effect april customs bureau last week started levy bond japanese goods reagan ordered penalties would retroactive march reagan said march tariffs hoped japanese would soon end unfair practices semiconductor trade sanctions could lifted technical meetings held today tomorrow meetings senior level scheduled thursday friday public hearings sanctions set april japanese aides technical talks include director general international trade policy ministry international trade industry miti deputy director general information machinery bureau meeting director japan office u trade representative office jim trade representative office industry services two sides thursday friday talks headed deputy u trade representative michael smith miti vice minister makoto kuroda reuter
inc talks acquired privately held inc operates convenience stores five southeastern states said engaged alex brown sons inc absb explore sale company said expects start talks prospective acquirers shortly company said approached number parties recent months reuter
belgian central bank buys currency repay debt belgian national bank bought foreign currencies francs open market week ended march bank spokesman said line central bank policy declined give details amount bought foreign currency purchased used treasury repay foreign debt affect bank foreign exchange reserves slipped mln francs billion mostly due sales dollars special drawing rights spokesman said reuter
international thomson organisation ltd year shr p vs p net mln vs mln revs billion vs billion note figures sterling share results deducting preferred share dividends one mln pounds sterling reuter
gencorp gy st qtr feb net shr cts vs cts net mln vs mln sales mln vs mln reuter
kuwait says opec mln bpd ceiling kuwaiti oil minister sheikh ali al khalifa al sabah said opec producing well oil output ceiling would help prices move higher according kuwaiti newspaper interview al rai al newspaper quoted saying opec pumping mln barrels per day bpd less mln bpd ceiling consumers drawing petroleum stocks rate mln bpd long opec maintains output curbs demand oil rise april may sheikh ali said adding kuwait strongly committed opec quota reuter
gatt council decision semiconductors ruling gatt council deferred decision whether set dispute panel basis european community complaint u japanese agreement exports computer semiconductors david woods spokesman general agreement tariffs trade gatt told news briefing main parties would continue bilateral talks hope resolving row next council meeting april five year accord signed july aims protect u market dumping low price japanese microchips officially known semiconductors e c complained accord breached gatt trade rules allowing tokyo monitor prices allowing set minimum prices japanese chips sold third countries nation community also charged agreement gave u producers preferential access japanese market woods said many nations hong kong canada switzerland singapore sweden malaysia nigeria supported ec complaint heated council debate japan delegate u ambassador michael replied debate e c charges unfounded willing continue bilateral talks reuter
golden nugget inc th qtr loss oper shr loss cts vs loss cts oper net loss vs loss revs mln vs mln avg shrs mln vs mln year oper shr profit cts vs profit cts oper net profit vs profit mln revs mln vs mln avg shrs mln vs mln note net excludes debt retirement gain dlrs vs loss dlrs quarter losses mln dlrs vs dlrs year net includes tax dlrs quarter dlrs year reuter
executive sees interest rates declining institute international finance managing director said forecasting declines interest rates first half year reason change speaking reporters bank research group said increase interest rates announced yesterday activity foreign exchange markets indicate fundamental change outlook speaking broadly global debt problem said international monetary fund increase assistance third world countries remarks come next week meeting imf interim committee joint development committee imf world bank letter committee bank group said commercial banks cannot dominant supplier balance payments finance said imf exposure peaked declined bit since reuter
buys municipal gas system corp said acquired distribution system city mln dlrs customer system fourth municipal system acquired alabama gas subsidiary since october adding total customers reuter
britain mint new britannia gold coin britain next autumn mint market new bullion coin called britannia containing one ounce gold together bullion coins smaller treasury official said new investment coin sold worldwide fluctuate price according international price gold smaller coins half ounce quarter ounce tenth ounce reuter
und network und ag f plans branch network improve distribution financial services management board member luckey said told news conference results branches hamburg would merged closed branch frankfurt opened bank considering opening branch london luckey said bank total operating profits rose nearly pct parent bank net profit rose mln mln dividend remained unchanged marks group balance sheet including first time overseas finance jersey rose pct billion marks luckey said parent bank balance sheet rose mln marks billion business volume almost unchanged billion credit volume eased billion billion loans companies rose seven pct foreign business securities trading turnover also increased higher earnings trading bank account contributed record operating profits net interest income rose firmer interest margins mln marks mln net commission income rose mln mln luckey said foreign commercial business influenced fall west german foreign trade earnings still satisfactory bank exposure latin america less two pct total foreign credit africa less one pct bank continued sell exposure also continue stock risk provisions said reuter
american nursery products rd qtr net period ended feb shr profit five cts vs profit four cts net profit vs profit sales vs nine mths shr loss cts vs loss cts net loss vs loss sales vs avg shrs vs note full name american nursery products inc reuter
rogers sees st qtr net significantly rogers corp said first quarter earnings significantly earnings dlrs four cts share quarter last year company said expects revenues first quarter somewhat higher revenues mln dlrs posted year ago quarter rogers said reached agreement sale molded switch circuit product line major supplier sale terms disclosed completed early second quarter rogers said reuter
total system services inc st qtr net shr nine cts vs seven cts net vs revs mln vs mln reuter
u k intervention board details ec sugar sales total tonnes current series white sugar received export rebates maximum european currency units ecus per kilos today european community ec tender u k intervention board said traders west germany received tonnes u k denmark france tonnes added earlier today london traders expected subsidy current season whites campaign licences end aug ecus per kilos paris traders precise forecasting rebate level ecus london traders also reluctant earlier predict likely tonnage authorised export view going dispute commission european producers threatened action producers move tonnes intervention last week saw tonnes whites export maximum rebate ecus per kilos reuter
careplus seeks approval acquisition careplus inc said seek shareholder approval proposed acquisition certain assets assumption certain liabilities professional care inc connection acquisition shareholders requested approval merger careplus newly formed delaware subsidiary careplus said careplus said board tentatively determined stock would exchanged common stock new corporation rate seven one reuter
kentucky smelters get relief higher rates owners two aluminum smelters kentucky received temporary relief higher electric rates decision tuesday state regulators denying rate hike big rivers electric corp henderson owners smelters national aluminum co alcan aluminium ltd al said operations would depend part upon rate case eventually settled hoping rate increases say sure still possible close smelter national spokesman said said consider decision whether close continue smelter located miles west national owned national intergroup inc holds pct co holds rest spokesman said spokesman montreal based alcan said decision long legal certainly long time make decision means smelter henderson miles west big rivers electric denied requested rate increase spokesman utility cooperative electricity four distributors said requested increase mln dlrs year rates kentucky public service commission denying increase asked utility meet creditors include manufacturers hanover corp mhc irving bank corp v smelters renegotiate rate plan utility spokesman said commission suggested big rivers electric work flexible rate schedule smelters would index electric costs price aluminum said always try far assure two aluminum smelters remain viable said meetings scheduled none planned utility creditors aluminum plant owners commission set hearing rate issue july reuter
u house panel takes first trade bill votes house trade lawmakers took first votes measures designed toughen u trade laws held tomorrow difficult votes controversial plans protect american industries meeting closed session house ways means trade subcommittee failed resolve one sensitive issues bill whether force major foreign trading partners severely cut trade surpluses united states subcommittee considering toned version democratic sponsored trade legislation aims open foreign markets drops last year effort force president reagan retaliate quotas tariffs congressional aides asked identified said lawmakers intend proposals tomorrow consider proposal mandate retaliation without setting specific trade penalties legislation faces another full ways means committee next week full house votes rep richard gephardt missouri democrat seeking party presidential said may offer amendment call reductions trade surpluses countries barriers imports u goods would version earlier plan force mandatory ten per cent annual cut trade surplus united states japan south korea taiwan west germany countries largest trade imbalances criteria good amendment sets standard getting trade deficit told reporters trade law changes become part major congressional administration effort turn around record u trade deficit billion dlrs last year opening foreign markets making u products competitive house speaker james wright texas democrat said today expects full house approve trade bill may reagan accept final congressional bill expect whatever reported ways means committee pass good bill effective bill told reporters comprehensive trade bill include work committees ease export controls high technology aid u workers foreign competition stimulate research development remove foreign trade barriers improve education worker training lawmakers agreed first time u industry could charge foreign producers unfair competition deny basic worker rights collective bargaining safety rules payment minimum wage appropriate country economic development transferred u trade representative clayton yeutter powers held reagan decide whether retaliate foreign violations fair trade rules whether injured industry import relief agreed make easier company get temporary relief import competition agreed industry provide plan become competitive administration announced support yeutter said yesterday cautiously optimistic democratic led house come acceptable bill reuter
pakistan cotton output reaches mln bales pakistan cotton production current crop season sept march reached mln bales pounds last season chairman agricultural prices commission said official sources said pakistan likely use mln bales cotton current financial year ending june mln mln said consumption would increase due rise demand cotton domestic markets abroad pakistan produced mln kilos fiscal year exported mln state owned cotton export corporation likely export mln bales cotton current fiscal year compared mln last year cotton traders said traders said would mln bales cotton fiscal year compared mln bales last year reuter
philippines sees government revenue pct philippine government revenue expected rise pct billion pesos year billion finance secretary jaime ongpin said report president corazon aquino department performance year ended february ongpin said least billion pesos expected new tax reform measures announced last year said goal official development assistance year two billion dlrs adding aid committed inflows billion dlrs pct billion ongpin said steps planned provide sound revenue base included value added tax vat system due introduced gave details said treasury bill maturities interest rate levels volume government securities sold private sector improved significantly particular short term prime interest rates gone pct less pct said ongpin said government debt equity scheme introduced august last year attracted mln dlrs worth applications selective evaluation resulted approvals mln dlrs end february said department aims accelerate privatisation program sale non performing assets owned associates former president ferdinand marcos achieve sales target four billion pesos would help finance land reform aquino said earlier month billion pesos government hopes raise sale failed companies used finance land reform plan ongpin also said government would pursue efforts obtain mln dlrs concessional funding program world bank led group multilateral bilateral aid government said land reform plan aims distribute mln hectares land poor reuter
decision expected u k royal ordnance sale u k defence secretary george younger expected announce government decision sale state owned arms manufacturer royal ordnance today parliamentary sources said government originally intended float concern stock market last july said private sale appropriate way dispose firm bidders company british aerospace plc l engineering group plc l royal ordnance sold leeds tank factory last summer plc l defence electronics manufacturer plc l shipping property group house plc l pulled bidding shortly last month deadline royal ordnance made pre tax profits mln stg sales mln stg calendar first full year commercial operation company assets around mln stg employs sites britain state held companies earmarked privatisation year include engine maker rolls plc british authorities plc reuter
washington national corp votes dividend qtly div cts vs cts prior qtr pay april record march reuter
northern indiana public omits div northern indiana public service company said omitted quarterly common stock dividend would payable may said paid qtly dividend since december following adverse decision indiana supreme court denying amortization mln dlrs invested n project reuter
iranian tanker attacked weekend lloyds iranian steam tanker tonnes dw attacked hit hours march lloyds shipping intelligence service reported one person killed tanker owned national iranian tanker co reuter
financial corp fin unit completes purchase financial corp america american savings loan association said completed previously announced purchase retail savings branches great western financial corp gwf great western savings american savings said purchases boost deposits mln dlrs affect asset base reuter
petroleum resources corp dividend interim income dividend cts last paid dlrs february including capital gains cts april record april eight reuter
south korean wholesale prices pct march south korea wholesale price index base rose pct march pct rise february pct lower march level bank korea said march consumer price index base rose pct pct gain february year year rise pct reuter
diagnostic products sees earnings growth diagnostic products corp president chief executive officer ziering said expects maintain compound average net income growth company past five years expect performance net income next five years past ziering said past five years ziering said company average compound net income growth pct annually pct per year growth earnings per share company net income mln dlrs dlrs per share vs mln dlrs cts per share diagnostic manufactures medical diagnostic test ziering said expects earnings growth result positive effect weaker dollar company exports sales well accelerated market penetration ziering said expected food drug administration approve three drug test end year depending approval also help earnings growth ziering said result new tax laws expected company taxes decrease five pct pct net income reuter
calny gets bid pepsico pep calny inc said received offer acquired pepsico inc already owns pct calny stock dlrs per share subject approval pepsico calny boards calny shareholders company said board schedule meeting near future review proposal asked oppenheimer co inc assist evaluating offer advise calny alternatives calny largest pepsico taco bell restaurants operating california oregon texas washington well la bakeries seattle calny earned dlrs sales mln dlrs nine months ended november four december four calny rejected inadequate investor group led former president chairman robert second offer acquire bid subject many contingencies group offered dlrs one dlr pct preferred stock per calny share reuter
phh group phh regular qtly dividend qtly div cts vs cts prior pay april record april reuter
gulf arab ministers discuss economic cooperation finance economy ministers gulf cooperation council gcc opened two day meeting discuss economic integration officials said said issues discussed ministers bahrain kuwait oman qatar saudi arabia united arab emirates uae would include recommendation central bank governors common currency exchange rate governors agreed january base currencies six states decision final approval gcc summit meeting due saudi arabia late year six states different currency systems saudi arabia bahrain qatar uae linked international monetary fund basket currencies special drawing right sdr practice dollar oman links currency formally dollar kuwait dinar trade weighted basket devised chosen central bank governors disclosed bankers expect currencies linked sdr trade weighted basket opening meeting ahmed al uae minister state finance industry said implementation joint economic agreements increasingly linking interests gcc citizens together general assembly gulf investment corporation met abu dhabi earlier bahrain finance national economy minister abdul corporation formed contribute joint economic investment projects gcc officials said corporation assets rose billion dollars last year billion end reuter
harris cuts systems stake pct harris associates l p chicago investment advisory partnership said lowered stake systems corp shares pct total outstanding shares pct filing securities exchange commission harris said sold net common shares dec feb prices ranging dlrs share said dealings common stock done behalf advisory client reuter
inc aug sets quarterly dividend qtly div cts vs cts pay april record april reuter
doe recommends special unit uranium energy secretary john herrington told congress federally chartered corporation would best way manage operate government uranium program said letter congressmen unless program run energy department improved sales worth five billion dlrs could lost program annual commercial sales one billion dlrs holds pct free world market services department official said world market uranium power utilities increasingly competitive private entity could better tap administration plan spin department uranium operation line effort reduce federal government role areas feels private enterprise could efficient reuter
sage sets stock split sage international inc said board declared three two stock split payable june holders record june eight company also said redeem warrants outstanding june two cts two warrants allow purchase one common share six dlrs june one presently warrants outstanding reuter
fidelcor unit acquires lazere financial fidelcor inc fidelcor business credit corp subsidiary said reached definitive agreement acquire substantial portion bank new england corp bkne lazere financial corp assets terms acquisition disclosed acquisition subject approval federal reserve board fidelcor said would acquire lazere loan portfolio assets including miami office said plans hire majority lazere employees reuter
electronics inc rd qtr dec shr loss cts vs loss cts net loss mln vs loss mln revs vs mln nine months shr loss dlrs vs loss dlrs net loss mln vs loss mln revs mln vs mln reuter
german banks see low interest rates continuing association german cooperative banks said financial survey domestic interest rates would continue remain low time said bundesbank could hold despite strong foreign influence saw interest straining factors economy could affect long term capital market inflation rate one pct also gave occasion higher nominal interest rates probable rise inflation late year could give slight grounds rise nominal rates year end next year said association said generally low interest rates prospects lower taxes stable dollar rate expected strong domestic demand led believe investment climate would remain friendly economy would continue slow sure growth bundesbank managed successfully keep interest rates short term money market although policies little effect long term capital market important investment financing thus course economy said view limits possibilities monetary policy longer term capital market association saw little sense boost economy short term monetary policy hand also saw reason sticking money supply target whole association said time would show extent speculative foreign money short term invested domestic money would money supply developments bundesbank could hold money market rates highly effective instrument sale repurchase transactions said reuter
first federal savings year net shr cts vs one dlr net vs assets mln vs mln deposits mln vs mln loans mln vs mln qtly div six cts vs six cts prior qtr pay april record march note net includes charges accounting changes one time expenses associated proxy contest increase loan reserves first federal savings loan association full name company reuter
ico quotas october unlikely delegates coffee export quotas end current coffee year oct sept seems unlikely given reluctance international coffee organization ico producers consumers resume negotiations interim quota accord producer delegates told reporters consumers producers see point reopening quota dialogue brazil position remains unchanged said brazil refusal accept reduction previous pct share ico global export quota effectively talks last month aimed restoring quotas october delegates noted disappointment lack progress quotas forced coffee futures london new york new lows today traders said near may new york fell one dlr early trading around cents per pound traders said producer delegates said possibility quotas october remained ico agenda practice idea effectively ico executive board session week far barely touched quota debate general unwillingness revive talks chances success still remote producer delegates said producers see quotas restored despite price collapse seen since failure last month negotiations said brazil frost season approaching wants negotiate quotas one leading producer delegate said coffee prices normally rise brazil frost season mainly june august dealers roasters build stocks insurance possible severe frost damage brazil crop many producers interested working towards quotas october based new system quota allocations valid international coffee agreement expires said guatemala already proposed producer group meet next two months begin talks allocate quota shares producers still seem divided overhaul quota distribution system producer delegates reporting growing support radical based principle objective criteria favoured consumers last month council session splinter group small producers backed consumer demands new quota shares based exportable production stocks brazil colombia rest producers favoured leaving quota allocations unchanged except temporary adjustments delegate one eight said producers supported cause delegate said unless major producers like brazil showed negotiate new quota shares prospects quota accord october also looked bleak u consumers still determined make quotas conditional quota shares based objective criteria ico observers remained sceptical brazil would prepared accept quota reduction ico council meets september brazil adopted tough stance banks external debt negotiations likely tough coffee said said brazil reluctance open coffee export registrations might reflect fears would provoke another price slide force emergency ico council session would likely end failure producers met afternoon review market situation general discussion negotiations proceed producer delegate said producers plan hold consultations quotas may set date formal producer meeting plans fixed said ico executive board hours local time hear report consultants ico operations board meeting looks set end today day earlier scheduled delegates said reuter
allied ald affiliate restates loss larger allied signal inc pct owned union texas petroleum co affiliate said restated fourth quarter full year losses revenues increase provision proposed settlement price dispute involving indonesian liquefied natural gas said restated increases provision fourth quarter earnings mln dlrs mln dlrs estimated earlier union texas said fourth quarter loss increased mln dlrs mln dlrs reported previously revenues mln dlrs mln dlrs union texas said full year restated loss mln dlrs mln dlrs revenues billion dlrs billion dlrs restatement results tentative agreement reached february pertamina indonesian state owned petroleum enterprise japanese purchasers lng roberts co also owns pct union texas remainder owned management reuter
royal bank canada lowers prime rate pct
india gets mln dlr world bank loan world bank said approved mln dlr loan india help lessen country dependence imported oil spur development petroleum resources bank said loan used boost production gas partially depleted oil fields assist exploration areas including drilling exploratory wells bank said year loan oil india ltd oil smaller two public indian petroleum exploration production companies reuter
corp th qtr net shr cts vs cts net vs revs vs avg shrs vs year shr cts vs dlrs net vs revs mln vs mln avg shrs vs note quarter net includes dlr charge investment tax credit reuter
dome mines ltd th qtr net shr profit cts vs loss three cts net profit vs loss revs mln vs mln year shr profit cts vs profit cts net profit mln vs profit mln revs mln vs mln note fl yr net includes extraordinary gain mln dlrs investment sales gain share issue pct owned campbell red lake mines ltd crk provision decline value marketable securities fl yr net includes gain mln dlrs revs restated exclude revenues discontinued coal mining operations u accounting dome mines would reported loss mln dlrs dlrs shr vs yr ago loss mln dlrs cts shr reflecting different principles accounting pct stake dome petroleum ltd dmp oil gas writedown reuter
gold sets common stock split gold ltd said ask shareholders april extraordinary general meeting approve one one half one common share split record date split set near future company said reuter
comdata cdn merger agreement comdata network inc said entered letter intent limited partnership managed welsh carson anderson wcas merge comdata formed wcas comdata said merger share company stock would converted holders election either dlrs cash combination dlrs cash unit securities including common stock comdata said terms subject condition wcas affiliate investors would minimum pct fully diluted stock new entity comdata said wcas affiliate investors would commit mln dlrs buy securities comprising new entities units securities resulting merger price company shareholders comdata said move subject execution definitive agreement approval comdata shareholders well obtaining mln dlrs debt financing wcas told comdata believes get commitments financing reuter
investment advisors pct killearn two executives memphis tenn investment advisory firm told securities exchange commission acquired shares killearn properties inc pct total outstanding executives mason hawkins william work southeastern asset management inc said bought killearn stock personal funds investment said might increase stake killearn properties said plans seek control reuter
supreme equipment systems corp nd qtr shr cts vs cts net vs revs mln vs mln six months shr cts vs cts net vs revs mln vs mln note net includes gain dlrs nd qtr dlrs six months tax loss carryforward reuter
resources ltd year net shr cts vs cts net vs revs mln vs mln reuter
swiss sight deposits rise mln francs sight deposits commercial banks swiss national bank rose mln swiss francs second days march billion national bank said foreign exchange reserves fell mln francs billion sight deposits major indicator money market liquidity switzerland reuter
brokers securities inc th qtr loss shr loss cts vs profit cts net loss vs profit revs vs avg shrs vs year shr profit seven cts vs profit cts net profit vs profit revs vs avg shrs vs note year ago net includes extraordinary gains qtr year reuter
u k credit business falls january new credit advanced finance houses retailers bank credit cards specialist providers credit slipped billion stg january billion december remained close average level fourth quarter department trade industry said january total billion stg advanced bank credit cards three month basis total advances november january pct lower previous three months within total lending consumers fell pct lending businesses declined pct end january total amount outstanding billion stg december billion stg pct total three months earlier department said january saw rise mln stg amounts outstanding finance houses specialist credit retailers department said advances credit cards rose pct latest two three month periods retailers advanced pct less latest three months previous three months said reuter
resource investors year end dec shr loss cts vs profit cts net loss vs profit revs vs mln reuter
yellow freight sees lower st qtr net yellow freight system inc said expects first quarter profits substantially mln dlrs cts share earned period year ago revenues depressed recent price added costs expansion programs lower shipping volumes increased costs associated severe weather conditions east coast company officials told analysts industry wide rate hike pct set april one cover yellow freight upcoming labor costs make contribution operating margins said reuter
royal resources sets vote sale royal resources corp said board set april shareholders meeting vote sale oil gas properties dlrs increase authorized common mln shares mln change company name royal gold inc company agreed sell oil gas properties victoria exploration n l western australia royal resources also said sale interest two gold properties mine san county calif camp bird mine near colo closed february company said received mln dlrs remaining balance due acquisition interest adding represents mln dlrs paid interest reuter
deak buys johnson matthey commodities deak international foreign currency precious metals firm announced acquisition johnson matthey commodities new york finance limited unit bank england purchase valued mln dlrs follows recent acquisition london johnson matthey commodities limited deak said new york firm known deak international trading ltd company said president chief executive officer deak international said purchase expand deak operations precious metals wholesale non ferrous metals trading reuter
chrysler c values amc amo mln dlrs chrysler corp said valued proposed buyout american motors corp mln dlrs effect contingent payment could reach mln dlrs based amc future profits chrysler spokesman told reuters letter intent signed renault amc controlling shareholder pct direct stake includes provision renault paid mln dlrs cash amc finance subsidiary mln dlrs form eight pct note said know maturity note reuter
humana inc hum regular dividend qtly div cts vs cts prior qtr payable may one record april two reuter
wall street stocks ames dept stores add ames department stores inc fell analysts said reaction surprise announcement earlier today company earnings fiscal year ended january decline sharply ames said expects report earnings cts per share compared dlrs per share previous year looking dlrs said analyst major wall street firm declined identified ames said decline resulted inventory shortage n j distribution center obvious suspicion kind fraud said senior vice president ames hard evidence still putting things together said would take several weeks company complete investigation said law enforcement officials involved time declined inventory shortage said major reason decline earnings decline gross margin percentage increase effective tax rate also contributed downturn ames said reuter
dixons gets pct cyclops cyl bid dixons group plc said shares cyclops corp common stock pct fully diluted basis tendered withdrawn bid shares expired yesterday still decided accept shares validly tendered company said pct ownership cyclops fully diluted basis expects proceeds toward completion proposed acquisition cyclops last week extending cyclops offer one week request securities exchange commission dixons reported pct cyclops stock tendered response dlrs per share offer expired est yesterday yesterday corp dropped certain conditions dlrs share offer cyclops firmed financing proposed transaction investor group led audio video affiliates inc citicorp raised value offer dlrs per cyclops share friday reuter
china faces sugar imports china decide increase sugar imports year cover falling domestic output rising demand view market predictions international sugar prices remain firm year traders official press said minister agriculture animal said week china adjusted purchasing price sugar cane beet check drop production last year gave price details one japanese trader said domestic demand rising rapidly improving living standards rising demand sweet biscuits foods easy cut domestic demand even state controlled economy china may import said customs figures show imports fell mln tonnes mln fell tonnes january january official economic information newspaper last month said production crushing season september april mln tonnes short demand paper put output mln mln domestic demand six mln tonnes last two years acreage sugar cane beet fallen sugar mills output dropped cannot meet demand rising every day said country continue imports sugar draw stocks meet market demand added quoted ministry light industry drop output unreasonable state purchasing prices cane beet crops resulted farmers refusing grow paper said could earn three times per hectare seven times sugarcane could sell grain free market yuan tonne yuan tonne sugarcane sugar mills suffering refined sugar prices changed years despite rising costs said fujian cost producing one tonne rose yuan cutting mills profit yuan tonne added paper said unreasonable pricing resulted sugar mills working crushing season losing money china sugar mills foreign agricultural expert forecast drop cane acreage september august pct guangdong produced pct china sugar calendar smaller drop fujian produced pct china sugar calendar said provinces developed sugar producing areas sensitive demand cities cane acreage accounted pct crop risen pct cane growing economic said put sugar stocks mln tonnes september hong kong trader estimated stocks three mln end january falling reached critical level china import quickly said china options easily available western countries controls stocks strictly release less consumer market stocks fall quickly said hong kong trader said calendar imports slightly less firm world prices serious foreign exchange constraints said likely continue least end said nearly cane beet sold state owned mills small amount sold raw consumers mills old inefficient many using soviet equipment imported said said demand rural areas future rise annual four pct demand cities rising annual two pct reuter
u k money market given mln stg assistance bank england said provided money market assistance worth mln stg afternoon session compares bank forecast shortage system today around mln stg central bank purchased mln stg bank bills band one pct reuter
international pa year ended dec provisional consolidated net attributable profit mln francs vs mln investments mln vs mln dividend ordinary shares francs vs francs dividend priority shares francs vs francs reuter
communications corp america nd qtr dec shr loss cts vs loss cts net loss mln vs loss mln revs mln vs mln six months shr loss cts vs loss cts net loss mln vs loss mln revs mln vs mln reuter
reagan says u needs lessen oil imports president reagan said united states must lessen reliance imported oil president reagan said nationally news conference rising u reliance foreign oil problem administration studying study reagan said increased strategic petroleum reserve said reagan said administration already proposed natural gas eliminating windfall profits tax crude oil production however complained congress yet approved measures department energy earlier week released report warned rising u reliance foreign oil imports time domestic production declining suggested options administration consider made specific recommendations reuter
energy analyst proposes u oil tariff energy analyst edward said united states consider oil tariff keep u dependence imports pct supply side argument favor contingent variable import tariff president energy security analysis inc said statement house energy power subcommittee hearing tariff would one implemented international price crude oil falls say dlrs barrel demand side obvious policy excise tax transportation fuels said william johnson corp disagreed oil tariff proposal saying congress remove price controls natural gas repeal windfall profits tax oil companies allow exports alaskan oil provide tax incentives u oil production least preserve tax incentives drilling also urging strategic petroleum reserve faster rate richard arthur andersen co told subcommittee oil imports expected increase funds exploration development domestic oil sources cannot economically justified due low oil prices reuter
analysts see early one point cut u k base rate british bank base lending rates likely fall much one full point pct week following sharp three billion stg cut u k central government borrowing target four billion stg set today budget bank analysts said analysts described chancellor exchequer nigel lawson budget cautious quality currency money markets already started sterling surged foreign exchange markets money market interest rates moved sharply lower news budget measures came analysts said lloyds merchant bank chief economist roger said expected base rates cut one full point tomorrow much safety first budget order get interest rates said said money markets almost entirely discounted one point cut key three month interbank rate pct last night would rather conservative banks go half point cut midland bank treasury economist david said expected base rates would full point lower friday would likely happen via two half point cuts budget designed please markets implications interest rates favourable could half point cut another cut end week said pointing buoyant u k retail data released yesterday said lawson done well resist pressures sharp cut income tax rates expense lower borrowing target real need boost private consumption said national westminster bank chief economist david kern said lower borrowing target set budget increased likelihood early one point base rate cut kern said budget would carefully particular see exactly lawson planned achieve expected borrowing target cut one point base rate cut could implemented providing budget small print convincing entirely possible see one point base rates end week kern said lloyds said expected base rate cut would pave way early one point cut mortgage lending rates would help achieve lawson lower expected consumer price inflation target four pct end said u k base rates cut last week pct pct sustained pressure foreign exchange money government bonds gilts markets building societies said would cut lending rates base rates fallen one full point reuter
delta completes western air wal buy delta air lines inc said completed acquisition western air lines inc morning action follows u supreme court justice sandra day overnight granting delta western request stay earlier injunction deal issued u court appeals circuit
u money growth slows sharply economists say u money supply growth slowing rapidly economists believe three federal reserve main monetary aggregates may even contracted february contraction unlikely major concern fed especially would follow long period growth could give central bank extra weeks ahead decided relaxation monetary policy justified account weakness economy money supply week ended february reported today rose billion dlrs billion preliminary forecasts call drop next week around two billion dlrs monthly average january billion dlrs makes quarter fifth components money market deposit accounts small time deposits also falling stage set falls broader aggregates economists say largely traditional link economic growth impact falling interest rates banking deregulation consistent three aggregates likely fed said ward mccarthy merrill lynch economics inc fed confidence aggregates sending signal going raise fed mccarthy said stephen shearson lehman brothers inc added good looking monetary aggregate data coming lot weaker thought economists quick caution one month data prove nothing especially money growth previously rapid last weeks grown pct rate pct rate past weeks moreover contraction probably explained shift funds savings vehicles booming stock market thus indication slowdown business expansion data raise possibility bond markets slowdown money growth partly reflection weaker economy needs fed stimulus mccarthy noted slower money growth signs economy losing momentum quarter progresses economic indicators month ago noted expects five six pct growth march rises four pct sees stronger growth pct five pct less rates would still moderate enough encourage fed ease policy gross national product first quarter proved weak certainly inclined ease would past certainly nothing fed latest balance sheet however suggest change policy already way economists said discount window borrowings line expectations mln dlrs day robert securities co international inc argued easier fed policy unlikely much solve america urgent economic problem massive trade deficit possibility dollar depreciation thus rising inflation may needed close trade gap said prepared optimistic bond market reuter
two mths feb net shr cts vs cts net mln vs mln revs mln vs mln mths shr dlrs vs dlrs net mln vs mln revs billion vs billion note full name electric power co year includes extraordinary gain mln cts per share june sale company virginia service territory virginia power reuter
browning ferris industries inc bfi payout qtly div cts vs cts prior pay april record march reuter
enron pay dividends preferred enron corp said pay accrued second quarter dividends three series preferred stock redeem may company said pay second quarter accrued dividends redemption date cts per share pct stock cts pct cts pct reuter
ec ministers agree need big steel closures european community ec industry ministers today declared need massive round closures steel plants bring capacity country bloc reasonable balance demand ministers meeting discuss plan voluntary plant closures drawn industry lobby group eurofer would cost around jobs diplomats said initial scheme ministers declared useful basis discussion go nearly far enough eurofer says identified scope closure plants annual capacity mln tonnes provided companies concerned fully repaid ec national governments redundancy social costs ec executive commission sources said industry commissioner karl heinz narjes told ministers today mln tonnes annual capacity excess requirements closed end said eurofer plan particular fails scope closure heavy hot rolled wide strip products produced plants employing thousands people sources said minister challenged narjes analysis four five hot rolled wide strip lines would close said ministers agreed eurofer plan expanded developed meetings among industry body commission representatives member states however diplomats said clear today discussions meetings difficult said member states split whether reduce scope quota production system present ec steelmakers full force competition pct products talks closure plan proceed also clear tough talks ec member states bear closures much funding help thrown work come community german minister martin bangemann said country steel industry largest ec suffer others german sources said british diplomats said minister shaw insists profitability companies taken account state owned british steel corporation benefitting massive recent write offs accumulated debts currently one ec steel companies black ministers afternoon trying agree joint statement eurofer plan situation industry reuter
inc th qtr jan net shr cts vs cts net vs sales mln vs mln avg shrs mln vs mln year shr cts vs cts net vs sales mln vs mln avg shrs mln vs mln reuter
u business loans fall mln dlrs business loans books major u banks excluding acceptances fell mln dlrs billion dlrs week ended february federal reserve board said fed said business loans including acceptances fell mln dlrs billion dlrs reuter
amylum chairman disappointed ferruzzi cpc deal belgian starch manufacturer amylum nv surprised disappointed mln dlr offer european business cpc international inc cpc n apparently rejected favour lower mln dlr bid italy ferruzzi chairman pierre callebaut said callebaut told reuters amylum leading starch manufacturer britain tate lyle plc l holds pct stake made undisclosed initial takeover offer cpc european corn wet milling business close cpc tender march offer raised march final mln dlrs cash cpc told amylum initial bid ferruzzi mln stg offer callebaut said day cpc announced agreed principle sell european business ferruzzi mln dlr deal noting ferruzzi studying public offering shares unit european sugar france fund cpc takeover callebaut said amylum may still succeed bid time developments note whereas higher offer cash ferruzzi apparently still finance callebaut said reuter
treasury baker sees billion dlr u trade deficit reduction year
franklin u government securities fund payout mthly div six cts vs six cts prior pay march record march two reuter
corp sets quarterly qtly div cts vs cts prior pay june one record may reuter
tin pact extension likely itc delegates extension sixth international tin agreement ita one two years beyond june increasingly likely international tin council itc delegates said following special council session today formal decision taken quarterly council session april decisions needed budget activities year beginning july one stated delegates said countries favour continued legal itc presence answer still unresolved legal disputes outstanding debts buffer stock court hearings likely continue well june pact itc informally told appeal made yesterday amalgamated metal trading ltd amt january court ruling legal bid led behalf itc creditor brokers itc january judge ruled u k court jurisdiction wind tin council itc association within meaning u k companies act winding petition proceeding respect respect arbitration award amt appealing points said important court accept winding petition move enforce arbitration ruling reuter
reliable life insurance co ups dividends qtly div class cts vs cts prior qtly div class b cts vs cts prior pay june one record may one reuter
american cyanamid changes record date american cyanamid co said subject approval board changed record date quarterly dividend pay june may may coincide record date two one stock split declared time dividend post split basis cts per share reuter
top discount rate u k bill tender rises pct
enro holding buys enro shirt enro holding corp said acquired enro shirt co ltd wilson bros mln dlrs enro holding owned pct investors pct management others investor group bought pct common equity supplied five mln dlrs financing management bought pct congress financial group supplied mln dlrs senior financing seller took back note mln dlrs enro shirt annual sales mln dlrs sales mln dlrs reuter
holiday corp hia comsat close sale holiday corp communications satellite corp said closed previously announced sale comsat holiday pct interest hi net communications joint venture provides room video entertainment hotels satellite terms deal comsat paid holiday mln dlrs cash assumed half venture mln dlrs outstanding debt company said hi net added continue provide holiday hotels reuter
u heating oil futures sharply april supply shortage number two oil new york prompt delivery boosted april heating oil contract u energy futures traders said crude oil futures followed gasoline futures april heating oil ended cts higher cts gallon april crude settled cts higher dlrs rally led spot month heating oil contract seemed move higher prompt deliveries new york harbor said james vice president inc chicago april gasoline cent higher cts gallon said market also found support report middle east economics survey said opec oil output mln barrels per day second week march lot interest sell market belief opec said richard broker merrill lynch futures inc said april heating oil could continue rally cts gallon crude futures could test dlrs barrel profit taking move higher reuter
int l inc rd qtr jan net shr one ct vs three cts net vs rev mln vs mln nine months shr two cts vs four cts net vs rev mln vs mln note nine months period includes gain dlrs sale meston lake resources shares credit dlrs settlement state income tax assessment nine months period includes gain dlrs two cts share sale co reuter
report export markets u grain delayed u agriculture department report export markets u grain release today delayed wednesday april department spokeswoman said reason given delay monthly report reuter
republic automotive parts th qtr loss shr loss cts vs loss cts net loss vs loss revs mln vs mln year shr loss dlrs vs loss cts net loss vs loss revs mln vs mln reuter
altex sets acquisition computer firms altex industries inc said agreed principle buy pct two privately held affiliated computer retail companies undisclosed amount altex said denver based companies revenues seven mln dlrs last year integrated management data systems inc sells accounting software systems oil gas industry integrated management systems micro distribution division inc distributes micro computer products altex said expects close transaction subject financing july reuter
mac adjusts short term discount rates federal home loan mortgage corp adjusted rates short term discount notes follows maturity rate old rate maturity days pct pct day reuter
south korea maintain trade surplus years south korean trade minister rha woong bae said nation would maintain trading surplus three five years way cut foreign debt said interview reuters years likely south korea would drop barriers foreign goods move toward balanced trade position said present trade surplus vital nation reduce billion dlr foreign debt rha said first year south korea trade surplus billion dlrs deficit mln dlrs asked south korea would drop trade barriers foreign debt substantially reduced said yes think rha made remarks end two week trade mission team led agreed buy u products valued billion dlrs mln dlrs purchases goods type south korea normally bought japan rha leave later today ottawa trade talks canadian officials businessmen said interview u purchases reduce country billion dlr surplus united states also cut billion dlr shortfall japan rha said also due shift exchange rates u dollar yen made cheaper buy u goods japanese goods said south korea heavily relied foreign trade hoped leaders major trading nations could find way resolve growing trend toward protectionist legislation rha said hope leaders get together find solution making mutually satisfactory concessions added leaders seem make concessions domestic political reasons speaking country said made lot concessions already cited regulations permitting foreign investment industrial firms allowing increased foreign banking activity intellectual property strengthening protection copyrights patents rha said south korea also lowered many tariffs asked south korea would retaliate u goods congress closed u markets products said moment thought retaliation south korea major exporter united states textiles apparel electronic goods television sets video records personal computers united states include electronic testing equipment grains cotton trade mission purchases included three boeing passenger planes mln dlrs four mcdonnell douglas planes mln dlrs machinery worth mln dlrs reuter
washington federal savings quarterly div qtly div cts vs cts pay april record april note year ago adjusted reflect march three two stock split washington federal savings loans association reuter
u business loans fall mln dlrs feb week fed says
cp air pacific western airlines set new name pacific western airlines corp said airline resulting previously announced merger pacific western airlines ltd unit canadian pacific air lines ltd would named canadian airlines international ltd effective april pacific western said two airlines services schedules would also integrated april previously appointed management new airline new airline canada second largest planes flying destinations countries pacific western recently acquired canadian pacific airlines mln dlrs canadian pacific ltd cp reuter
sets pct stock dividend federal savings bank said board declared pct stock dividend distributed april holders record march reuter
novamin proposed buyout novamin inc said received proposed takeover offer breakwater resources ltd involving swap one breakwater share two novamin common shares said proposal also called conversion outstanding novamin warrants breakwater common shares basis provided exercise price paid warrant holders novamin mineral exploration company said directors would meet next tuesday deal proposal said subject approval breakwater directors reuter
pioneer systems inc year nov loss oper shr loss five cts vs loss dlrs oper net loss vs loss sales mln vs mln note net excludes losses discontinued operations dlrs vs dlrs reuter
u energy secretary optimistic incentives u department energy secretary john herrington said optimistic chances providing depletion allowance oil gas producers added plan faces strong opposition members reagan administration herrington speaking houston oil executives meeting said administration debate plan pct annual depletion allowance heavy strong largely fears u oil industry could eventually become dependent federal subsidies agriculture industry herrington proposed tax incentives oil industry issued last week department energy released comprehensive report finding u national security could rising oil imports response question mitchell energy development corp chairman george mitchell herrington said report rule oil import intend keep debate open herrington said however following speech herrington told reuters new report shows oil import fee economical herrington said example dlr per barrel tariff oil imports would cause nation gross national product drop much billion dlrs herrington also said believed president reagan requested comprehensive national security study committed action help ailing u oil industry quite confident problems prepared something herrington said reuter
piedmont pie takes action piedmont aviation inc said board meeting today without taking action proposals combine piedmont corporations piedmont received opposing bids norfolk southern corp us air corp earlier today trans world airlines inc offered either buy piedmont suitor us air merge piedmont u air prepared statement piedmont said would announcements concerning situation today company declined say board would meet reuter
lucas industries plc l ended jan shr p vs p interim div p vs pre tax profit mln stg vs mln net profit minorities mln vs mln turnover mln vs mln trading profit mln stg vs mln related companies profit mln vs mln interest payable mln vs mln reorganisation redundancy costs mln vs mln tax mln vs mln minorities mln vs mln extraordinary charges mln vs mln reuter
magma lowers copper price ct cts magma copper co subsidiary newmont mining corp said lowering copper cathode price cent cents lb effective immediately reuter
electronics inc regular payout qtly div class b cts vs cts prior class two cts vs two cts prior pay april record april reuter
texas utilities co mths feb net shr dlrs vs dlrs net mln vs mln revs billion vs billion avg shrs mln vs mln reuter
indonesia oil contract negotiations end month negotiations indonesia state oil company pertamina foreign oil contractors extension standard year production sharing contract concluded end month pertamina official said head pertamina foreign contractors board gave details outcome talks pertamina president abdul said priority given extending contracts companies whose exploration production contracts expire within next seven years speaking indonesian reporters said negotiations would determine whether production sharing split favour pertamina would altered cases oil companies asking spokesman mines energy ministry said president suharto agreed principle extension standard year production sharing contract reflect better current depressed conditions international oil market reuter
cyprus minerals named suits cyprus minerals co said along companies named product liability lawsuits filed california individual injury result exposure products said suits expected brought cyprus produces said significant legal substantial insurance coverage expect suits material adverse impact financial condition reuter
outboard marine rising takeover rumor wall street traders said stock outboard marine corp rising rumor cable television program outboard likely takeover target sun chemical corp outboard tuesday rose tuesday report cable news network today said sun chemical pct outboard conducting study whether go control whole company outboard marine spokesman would comment rumor cable program said buyout outboard would dlrs share total mln dlrs spokesman sun chemical immediately available outboard marine last june adopted shareholder rights plan triggered person group acquires beneficial ownership pct common begins tender offer would result pct ownership wayne jones vice president outboard strategic planning said management wants stay independent trying sell company proceeding strategic plans said plan includes five boat companies outboard marine bought since middle december jones said five cost mln dlrs mln dlrs analyst wanted said dlrs share price outboard war dlrs share stretching maybe dlrs share tops said outboard mln shares outstanding registration two mln common share offering morgan stanley inc makes sense analyst said sun chemical strike offering underway reuter
world bank chief urges japanese investment world bank president barber conable called japan boost investment developing nations well world economy japan means make major contribution development third world told japanese businessmen would pleased additional support pct world total banking assets japan could help assist indebted third world countries develop roads infrastructure said conable said additional commercial bank investment would also japan advantage would profit huge trade surplus third world economies notably south america china india likely expand faster developed world said japan second largest shareholder bank lending affiliate international development association also agreed recently expand contribution another affiliate international bank reconstruction development conable noted conable said world bank expanding structural adjustment loans designed encourage developing countries open economies free competition trade adjustment loans could rise pct total world bank loans near future though maybe year conable told reuters speech loans currently account slightly pct reuter
chile china establish peking copper plant chilean state copper corporation codelco privately owned chilean copper chinese interests establish copper tube plant peking codelco u k subsidiary chile copper ltd said plant designed produce tonnes first five years tonnes year six total investment estimated mln dlrs contribute two mln codelco formed chilean copper company take pct stake new company called peking santiago tube company chinese holding half reuter
house fabrics quarterly dividend qtly div cts vs cts pay july record june reuter
american aircraft corp buys private firm american aircraft corp said acquired pct interest privately held hunter helicopter nevada inc purchase made undisclosed amount american aircraft stock company said said acquisition increase shareholder equity american aircraft cts per share cts per share hunter helicopter builds two passenger retail dlrs reuter
treasury baker sees reagan opposing oil tax treasury secretary james baker told house appropriations committee believes president remains opposed oil import fee said reagan last year rejected idea added personal view likely change thinking said reagan last year opposed idea energy industry divided issue tax would require new resulting higher energy prices would harm u competitiveness reuter
p plans warrant issue mark anniversary peninsular oriental steam navigation co plc l p said plans free warrant issue basis warrants every stg nominal deferred stock already held mark th anniversary company warrant give right subscribe one stg nominal deferred stock p specified period five years starting p deferred shares last quoted p p since yesterday company reported pre tax profit mln stg mln p said produced acceptable level growth though ground made one two areas company strong balance sheet considerable flexibility added p concentrate expanding established market sectors commenting recent ferry disaster north sea zeebrugge statement said precise cause company immediate investigation british belgian governments conducting inquiries ferry herald free enterprise belongs townsend thoresen became part p january p considering listing shares japan important overseas financial centres statement added reuter
southwestern bell sees earnings dilution southwestern bell corp said planned acquisitions cellular telephone systems including inc result initial earnings dilution increase debt ratio letter shareholders annual report regional bell company indicate degree earnings dilution expects acquisitions total billion dlrs however company said rise debt ratio temporary leave debt level within acceptable range yearend financial statement southwestern bell listed debt equity ratio pct slightly pct company earned billion dlrs dlrs share compared mln dlrs dlrs share revenues dipped billion dlrs billion dlrs southwestern bell said expects new tax law negative impact cash flow due mainly loss investment tax credits mid year however company said reduced corporate tax rate positive impact net income cash flow addition company said pct gain customer telephone lines three four pct increase long distance calling volumes southwestern bell said capital expenditures lower billion dlrs spent year expenditures held budget reuter
twa twa makes merger offer usair u trans world airlines said proposed cash merger usair group twa holders usair common would receive dlrs cash exchange stock twa said offer made letter chairman president usair twa said however negotiated deal acceptable may make offer directly usair shareholders pct usair outstanding stock purchased voting trust price lower today offer twa said filing application department transportation seeking approval merger well application approval expedited basis purchase pct usair common deposit stock voting trust pending dot approval twa said respect usair recent offer piedmont aviation pie believes usair shareholders would prefer cash merger proposal usair proposed acquisition piedmont twa said however also would interested discussing three way deal among usair piedmont twa twa said merger subject usair board preferred stock purchase rights poison pill issued shareholders last year taking action vote majority outstanding common stock required approve proposed move additionally twa said would need satisfactory due diligence review usair twa said yet opportunity obtain necessary financing deal added confident get reuter
mesa limited partnership sets payout qtly div cts vs cts prior pay may record april seven note partnership said holders common preference units expected net taxable income reuter
castle cooke inc th qtr loss shr loss cts vs loss cts net loss mln vs loss revs mln vs mln avg shrs mln vs mln year shr profit cts vs profit cts net profit vs profit rev billion vs billion avg shares vs note fourth quarter includes tax loss discontinued flexi van operations mln dlrs primary earnings per share data calculated deducting preferred dividend requirements reuter
colombia coffee revenue sharply jan feb colombia coffee export revenue dropped mln dlrs mln dlrs first two months year mln dlrs similar period central bank preliminary figures show experts attributed fall lower world market prices following failure introduce international coffee export quotas said colombia could compensate drop higher exports calendar coffee export revenue billion dlrs according bank jorge cardenas manager national coffee growers federation last week estimated recent drop cents lb coffee prices would mean net loss revenue mln dlrs colombia stressed colombia stockpiles mln kg bags capacity export would use recently introduced flexible marketing policy reuter
french government step aid jobless government plans go ahead three billion franc package help long term unemployed aim social security payments everyone becoming redundant government officials said present one third country mln jobless corresponding pct workforce receive unemployment benefit prime minister jacques chirac told television soon law approved matter weeks workers made redundant right social benefits money used alleviate unemployment project finance come billion franc government fund set last month finance spending special areas concern apart unemployment include relief farmers hit european community cost cutting measures french unemployment risen pct mln socialist president francois took office reuter
armtek arm unit leveraged buyout completed condere corp formed former managers armtek corp said completed acquisition tire plant assets armtek undisclosed terms addition tire manufacturing plant condere bought truck tire sales service corp operates sears truck tire sales service centers licensed agreement sears roebuck co plant supply tires armtek armstrong tire co well several sears centers condere said expects first year revenues mln dlrs reuter
may sell european operations nv said part program reduce expenses talks sale geneva switzerland operations company gave details reuter
hartmarx corp st qtr feb net shr cts vs cts net vs sales mln vs mln avg shrs vs note per share results restated may three two stock split reuter
institute clinical plc year shr ct vs cts net vs revs vs note dollar amounts converted irish pounds buying rate federal reserve bank new york dec dlr per one irish pound equivalent rate dec dlr equals one pound full name company institute clinical plc based ireland reuter
inc th qtr jan net shr loss five cts vs profit cts net loss vs profit revs mln vs mln year shr profit cts vs profit cts net profit vs profit revs mln vs mln reuter
inc year loss oper shr loss dlrs vs loss dlrs oper net loss mln vs loss mln revs mln vs mln avg shrs vs note excludes loss mln discontinued operations vs loss mln year prior excludes gain mln extinguishment debt company chapter filing subsequent reorganization reuter
zenith laboratories inc th qtr loss shr loss cts vs profit cts net loss vs profit sales mln vs mln year shr loss cts vs profit cts net loss vs profit mln sales mln vs mln avg shrs mln vs mln note net includes tax credits dlrs quarter dlrs year reuter
australian minister sees targeted oil tax strategy australia crude oil tax strategy probably best terms targeted rather broadly based approach federal resources energy minister evans told meeting told australian petroleum exploration association apea annual conference prospect developing package would recognise government economic priorities also meeting industry concerns evans referring nearly completed government review oil taxation evans said targeted approaches oil industry taxation produced good results recent years include reduction top marginal crude excise rate old bass strait oil found september pct pct waiver excise onshore oil announced last september said industry apea calling elimination secondary taxation oil order boost incentives background weak prices australia relatively low exploration levels nobody wants add unnecessary already complex taxation regime inclined favour kinds approaches ahead sweeping changes leave government revenue much reduced may still leave lot uncertainty individual companies going major areas evans said said government intend change resource rent taxation rrt legislation parliament response industry calls allow exploration expenditure given area deductible previously reported rrt tax pct limited highly prospective offshore areas based profits certain rate return achieved individual projects apea said true profit based tax exploration limited successful projects evans said decision change rrt based anything government desire ensure stability new regime adding major investments already planned existing ground rules reuter
corp th qtr net shr dlrs vs dlrs net vs revs mln vs mln year shr dlrs vs dlrs net vs revs mln vs mln reuter
comprehensive care corp rd qtr net qtr ended feb shr cts vs cts net vs revs mln vs mln nine mths shr cts vs cts net vs mln revs mln vs mln reuter
zambia sending copper south africa zambia stopped sending copper exports south africa official times zambia said newspaper yesterday quoted highly placed sources saying state owned zambia consolidated copper mines zccm mineral exports away south africa say alternative routes used zccm officials declined comment report general manager tanzania zambia railway authority tazara told reuters recently virtually zambian mineral exports along tazara line dar es salaam last three months period zambian copper shipped zimbabwe port beira available route south africa said last december tazara carried tonnes zambian mineral ore line record one month period added copper mineral exports account pct zambia foreign exchange earnings president kenneth kaunda told reuters recent interview vital country assure new outlets avoiding traditional route south africa referring zambia preparations possible cut economic links south africa kaunda told reuters interview march main concern course mines whatever happens must continue run mines according tazara handled mln tonnes freight last year still working well present mln capacity kaunda said preparations completed zambia mineral exports safe routes government would look increase usage tazara types cargo annual report zambia state run metal marketing corporation said pct country metal exports dar es salaam last year versus pct report said zambian copper production fell tonnes last year despite official optimism zambia export routes diplomatic sources expressed reservations capacity dar es salaam beira ports handle zambia mineral exports even could train two ports cannot way present form handle huge exports zambian copper one western diplomat said serious disruption copper movement markets could brought would pile two ports lack facilities space handle copper tonnage added reuter
banking center make acquisition banking center said signed letter intent acquire first railroad mortgage co first union bank ga undisclosed terms company said first railroad loan production mln dlrs servicing mln dlrs loans end reuter
h k banks raise prime rates soon dealers say banks hong kong likely raise prime rates half percentage point pct following one quarter point prime rate increase two major u banks yesterday dealers said told reuters local banks may decide increase weekend routine meeting hong kong association banks g c chief dealer standard chartered bank said prime rate increases citibank chase manhattan bank pct may prompt hong kong banks follow suit said local banks want restore prime pct level beginning banks raised prime current six pct five pct february cutting points january response upside pressure hong kong dollar said medium longer term interbank rates firmed today three months ending pct yesterday five close overnight rate however fell three pct four increased liquidity local stock issue reuter
twa twa confirms ownership usair u stock trans world airlines inc said owns four mln usair group shares pct total outstanding twa said may acquire additional shares open market private transactions tender offer otherwise subject department transportation approval twa offered dlrs per share usair group usair rejected offer yesterday calling last minute attempt interfere takeover piedmont aviation inc twa spokesman said company filed application approval offer buy usair department transportation later today file response usair motion dot dismiss twa application twa said made statement today stock position usair response inquiries traders said believed twa chairman carl icahn buyer share block today salomon brothers usair stock trading heavy volume mln shares twa stock fell analysts arbitragers speculated icahn may made offer usair order trigger acquisition airline wall street today began take icahn effort seriously think going next frank wall street said one market source chairman texas air added airline acquisitions eastern airlines people express airlines also speculation icahn would like buy usair sell twa merged company reuter
walker telecommunications corp th qtr shr loss cts vs loss nil net loss mln vs loss revs mln vs mln year shr loss cts vs profit four cts net loss mln vs profit revs mln vs mln note th qtr loss includes loss mln dlrs operations th qtr includes loss dlrs discontinued operations th qtr includes mln dlr provision costs anticipated connection disposal division dlrs adjustments related write downs th qtr includes gain dlrs exchange telephone inventory barter credits reuter
usda estimates ussr grain imports mln tonnes vs feb
club med inc st qtr jan net shr cts vs cts net vs revs mln vs mln reuter
combined int l holders vote split combined international corp said ask shareholders april annual meeting approve doubling authorized common shares mln holders also vote proposal create new class mln shares preferred stock one dlr par value place existing classes authorized unissued preferred stock said regular march board meeting members consider stock split stock dividend would contingent upon stockholder approval changes capital structure april annual meeting holders also asked approve new corporate name corp said word meaning unit name intended eliminate confusion parent company principal subsidiary combined insurance co america holders also vote proposal limit liability directors amend provision directors officers employees agents done reduce costs liability insurance reuter
painewebber pwj unit ups shoe stake mitchell asset management inc new york investment firm subsidiary painewebber group inc said raised voting stake shoe corp shares pct shares pct filing securities exchange commission mitchell said bought shares jan feb prices ranging dlrs share obtained voting control another shares firm said bought stake investment behalf clients said discussions management disclose topic talks reuter
orion capital corp th qtr loss shr loss dlrs vs loss dlrs net loss mln vs loss mln revs mln vs mln avg shrs vs year shr loss dlrs vs loss dlrs net loss mln vs loss mln revs mln vs mln avg shrs vs note net includes realized capital gains vs qtr mln vs mln year net also includes gain termination pension plan qtr year tax loss qtr includes pretax gain sale common stock guaranty national corp year revised estimated calculation workers compensation earned premiums decreased earned premiums mln year ago results restated reflect guaranty national reuter
borman inc th qtr net shr dlrs vs dlrs net vs sales mln vs mln year shr dlrs vs dlrs net vs sales billion vs mln note fiscal net includes tax credits cts fourth quarter dlrs year compared cts cts respective periods fiscal reuter
trade surplus cut would benefit japan sumita bank japan governor satoshi sumita said japan national interest make greater efforts reduce trade surplus told business executives important issues world economy correction international trade imbalances solution world debt problem end japan u must make medium long term efforts alter economic structures expanded trade gap two nations world economic growth therefore expansion debtor countries export markets needed solve debt issue added reuter
taiwan plans new tariff cuts taiwan plans another round deep tariff cuts year help narrow trade surplus u senior economic said wang vice chairman council economic planning development told reuters taiwan would reduce import tariffs products sometime second half year cuts pct items made last year wang said cuts would go much deeper speed liberalisation cut import tariffs faster substantially said united states taiwan main trading partner said island import tariffs still ranging high almost pct unacceptable criticised cuts selective taiwan trade surplus united states hit billion dlrs last year surplus boosted foreign exchange reserves billion dlrs wang said made taiwan target u protectionism wang said trade surplus reserves weakened taiwan position talks washington export quotas particularly textiles machine tools among island main export earners special taiwanese trade delegation leaves washington tomorrow try renegotiate agreement signed last year limiting exports taiwan textiles accord taiwan textile export growth limited pct year taipei said losing markets south korea hong kong given terms reuter
weather disrupt north sea shipping weather likely north sea saturday shipping region private weather inc said rain strong winds expected north sea today tonight saturday also frequent winds today southwest mph become west northwest tonight saturday mph waves build feet today tonight continue saturday wind waves diminish late weekend reuter
reagan remarks help gold recover hong kong gold rose u cents ounce following statement president ronald reagan arms deal iran mistake dealers said bullion rose dlrs initial low compares opening new york close dealers noted mild short covering metal initial selling local investors trading fairly quiet morning partly owed slow u dollar activities added however reagan remarks short lived bullish impact gold price stabilising dlrs dealers said local market metal traded narrow range h k dlrs yesterday close reuter
nymex rule change seen boosting energy trade new york mercantile exchange said introduce exchanges physicals energy futures markets april one exchange spokeswoman said change allow oil traders hold futures position initiate exchange closes transaction subsequently futures market already effect platinum futures nymex expected increase open interest liquidity u energy futures according traders analysts commodity futures trading commission approved rule change february according spokeswoman reuter
paper says u may seek curb foreign takeovers reagan administration consider curbing foreign takeovers security sensitive industries semiconductors computers new york times said quoting unnamed senior administration official think strong sentiment industries totally paper quoted official saying two visible industries semiconductor computer companies said official newspaper said central figure opposition japan fujitsu ltd itsu takeover bid fairchild semiconductor corp fairchild fujitsu deal abandoned monday industry analysts said move victory reagan administration drive back japanese competition important computer chip manufacturing industry officials told reuters last week commerce secretary malcolm baldrige defence secretary caspar weinberger fought planned sale fairchild french controlled schlumberger ltd slb japan largest computer maker could left u military dependent foreign sources vital technology new york times quoted baldrige saying time come limit takeovers security sensitive areas everybody wants open investment policy exceptions national interest baldrige quoted saying newspaper said baldrige weinberger expected bring takeover issue top level interagency group treasury secretary james baker economic policy council president national security council reuter
rexnord rex sell railway equipment unit rexnord said signed definitive agreement sell railway maintenance equipment co subsidiary banner industries inc terms withheld said railway maintenance sales mln dlrs employs people rexnord said sale part major program divest several businesses representing mln dlrs net assets still divested process machinery division sales mln dlrs co sales mln dlrs reuter
engineering materials st qtr qtr ended dec shr nil vs nil net loss vs loss revs vs reuter
buys harcourt brace hbj unit inc said agreed buy educational software unit holt rinehart winston inc subsidiary harcourt brace jovanovich inc undisclosed terms sales division purchased holt rinehart cbs peaked mln dlrs said reuter
chase manhattan studying italian expansion chase manhattan bank n considering expanding operations italy particularly consumer banking sector chase manhattan official said robert hunter chase manhattan area executive europe africa middle east said news conference plans broaden bank activities italian market finalised however asked chase manhattan would consider acquisition italy hunter said look opportunity prices italian banks quite high chase manhattan branches milan rome reuter
canbra foods ltd year oper shr profit dlrs vs loss cts
investment firms cut cyclops cyl stake group affiliated new york investment firms said lowered stake cyclops corp shares pct total outstanding common stock shares pct filing securities exchange commission group led mutual shares corp said sold cyclops common shares feb mln dlrs reuter
economic spotlight china foreign debt china foreign debt reached billion dlrs end despite exposure short term credits yen borrowing china remains improved export outlook foreign bankers chinese officials told reuters foreign bankers said china total debt rose sharply estimated billion dlrs end cover increased import commitments debt equity ratio remains low eight pct china remains cautious popular borrower said vice minister foreign economic relations trade said last friday china signed foreign loan agreements billion dlrs last year pct actual loans amounting billion pct officials said china would borrow billion dlrs five year plan period foreign bankers said estimate foreign loans billion western banker said china portfolio contains much short term debt much denominated yen result aggressive lending japanese banks attractive low interest rates japanese market strong yen appreciation cost china likely make reduce new yen borrowings banker said chinese trade official estimated yen component country total debt pct peking representative japanese securities house said rapid yen rise caught china firm interest rates japan historical low china remain active borrower year likely go elsewhere capital get better currency spread said western banker said excess short term loans part result china foreign capital markets entered early officials think china department firm loans entered full backing people republic china said china foreign borrowing areas balance central control giving reasonable firms mechanisms exercise indirect controls said banker said officials stressed repeatedly past six weeks china foreign borrowing affected drive meaning western political ideas following dismissal communist party chief january u banker said evidence china foreign exchange reserves fallen officially stated figure billion dlrs bank china buyer seller market would know quickly buying heavily advance announcement reserves said banker said buying going things normal trade deficits china last year normal country stage development customs figures show china trade deficit billion dlrs billion ministry foreign economic relations trade official said year outlook exports account pct foreign exchange earnings much year ago matched u dollar fall said quoted today little changed year ago official said china taken measures improve export performance including incentive offers exporters establishment export production bases expect higher prices oil exports year added official estimates put china export losses drop world oil prices three billion dlrs western diplomat said china foreign debt needs careful management debt service ratio remains low six eight pct base assessment china foreign exchange reserves export performance assess company performance bank account said said china performed well export field last year remains country difficulties increasing borrowing reuter
baldrige sees u trade gap dropping soon commerce secretary malcolm baldrige said u trade deficit start decline soon possibly figures february march could see trade deficit start february march baldrige said senate governmental affairs committee predicted trade deficit billion dlrs would decline billion dlrs baldrige said making without seen february trade figures said volume imports dropped beginning fourth quarter continue drop quarter eventual turnaround monthly trade figures reflect impact decline dollar baldrige said treasury secretary james baker told committee trade deficit baldrige said optimistic adding think turned february reuter
endotronics expects loss year endotronics inc said expects incur substantial losses second quarter ending march fiscal year ending sept one factor behind anticipated loss endotronics cited dispute one japanese distributors inc payment dlr promissory note form k filing securities exchange commission endotronics said note overdue accounts receivable sales instruments another japanese distributor company fiscal year endotronics said present reduced level operations exhaust currently available cash credit facilities early may said assumes full use remaining dlrs available line credit celanese corp requires approval celanese corp company said ability obtain funding adversely affected suit filed march two shareholders seeking represent class holders three officers endotronics endotronics said complaint alleges violations federal securities laws connection statements made company annual quarterly reports company also said securities division minnesota department commerce conducting inquiry company japanese sales fiscal trading brokers company common shares said similar inquiries conducted securities exchange commission investigations hurt company ability obtain funding said result dispute payment promissory note law suit financial data various investigations concerning insider trading company said longer expects anticipated declines instrument sales japan fiscal offset increased instrument sales foreign countries united states reuter
lawson products inc laws raises qtly payout qtly div seven cts vs six cts prior pay april record april three reuter
cyacq extends tender cyclops cyl cyacq corp said extended dlr share tender offer cyclops corp march today cyacq formed citicorp capital investors ltd audio video affiliates inc ava acquire cyclops tender offer began february six offer conditioned upon least pct outstanding shares least pct voting securities tendered expiration offer march six shares cyclops mln outstanding shares tendered reuter
manila government take san miguel board government commission controls pct san miguel corp smc stock increase nominees firm member board nine six want correct business practices ramon diaz chairman presidential commission good government pcgg told reuters right lot companies keep many things shareholders one san miguel said san miguel spokesman declined comment diaz said new york investment bank allen co inc told pcgg interested tendering outstanding smc stock subsequent pct stock investors comply investment laws said australian businessman brewer alan bond brewing company elders ixl ltd elxa interested buying pct smc stock added pcgg wanted foreign input would allow foreign control brewing food conglomerate philippines biggest manufacturing concern diaz said pcgg plan remove smc president andres soriano family company tremendous run company diaz said appreciate management certainly practices corrected reuter
cyprus lowers copper price cts cts cyprus minerals company said decreasing electrolytic copper cathode price cents cents pound effective immediately reuter
canadian roxy new alberta oil discovery canadian roxy petroleum ltd said new oil discovery peerless lake area north central alberta capable flowing barrels oil day lower zone barrels day separate upper zone canadian roxy pct interest five year royalty free well known canadian roxy et al w texaco canada inc holds pct mlc oil gas ltd pct energy corp pct tricentrol oils ltd pct canadian roxy said drilling started follow exploratory well one mile northwest discovery well company said holds net acres discovery seismic program underway evaluate drilling opportunities reuter
consolidated pipe lines co year net shr dlrs vs dlrs net vs revs mln vs mln reuter
science sets stock split science corp said board declared two one stock split six cent per share pre stock split dividend payable may stockholders record april company said dividend addition ten cts per share dividend paid january making post stock split annual dividend eight cts per share reuter
uk money market given mln stg help bank england said provided market mln stg assistance morning revising estimate liquidity shortage billion stg taking account early round bill purchases initially bank put likely shortage billion help offset gave early assistance billion total help far today amounts billion stg
tin pact special session week routine special session international tin council itc held tomorrow march give member countries latest debate hundreds millions sterling lost buffer stock price support scheme failed october delegates said itc quarterly session scheduled april important council decide whether current pact extended beyond june allowed expire delegates said two year extension possible reuter
schlumberger says terminates pact sell fairchild semiconductor business fujitsu
inc nd qtr ends feb net shr profit one cent vs loss cts net profit vs loss revs vs six mths shr profit one cent vs loss four cts net profit vs loss revs vs reuter
trade january deficit luxembourg economic union recorded provisional trade deficit billion francs january december surplus billion francs revised upwards provisional surplus billion national statistics office said january union recorded deficit billion francs january imports fell provisional billion francs billion december billion year earlier exports also lower billion francs billion billion respectively reuter
woolworth holdings says bidding mln stg superdrug stores
international five month profit international corp ltd said net profit mln dlrs three cts share period august december based mln shares outstanding revenues full year ended december mln dlrs net assets year end mln dlrs company disclose earnings period august prior year results company spokesman said prior results comparable due august issue mln common shares reuter
ec boost spending job creation year european community ec boost spending help jobless year ec executive commission said statement spending called social fund would rise billion european currency units billion ecus fund designed help boost job creation improve worker supplement national schemes ec member states another mln ecus could added ec ministers switch project credits programs commission said italy largest net getting mln ecus britain second place mln reuter
texas commerce sees improvement texas commerce bancshares inc said relatively stable oil prices bank planned merger chemical new york corp chl would help earnings increase last year profits mln dlrs texas commerce chairman ben love interview reuters elaborate much bank expected earnings increase would anticipate year would improvement last stronger love said referring texas commerce pending billion dlr merger chemical merger may finalized early may lower texas commerce cost funding estimated basis points love said texas commerce chemical merger acquisition major state bank since texas lawmakers approved interstate banking effective january hard hit loan losses energy real estate texas economy major texas banks able report profits texas commerce republicbank earned mln dlrs allied bancshares inc lost mln dlrs lost mln dlrs interfirst lost mln dlrs first city bancorporation fbt actively seeking merger form new capital lost mln dlrs love said texas commerce turned energy loan portfolio problems added bank nonperforming real estate loans may increase think wave energy passed us said fact real estate market still moving away suggests could continuing growth nonperforming loans pct texas commerce net loan losses related real estate lending pct due energy loan losses compares pct bank losses real estate energy accounted pct half texas commerce nonperforming loans totaled mln dlrs yearend mln dlrs year real estate love said believed real estate loan problems texas commerce major state banks would peak third fourth quarter empty office buildings houston current rate pct gradual process could take four years said think may beginning stabilize economy oil dlrs barrel brings much confidence dlrs barrel said texas commerce retain name separate subsidiary chemical plans aggressively expand holdings throughout texas offering additional products build consumer banking business love said best years position said january texas commerce acquired failed bank montgomery county adjacent houston metropolitan area earlier month opened new bank san antonio texas commerce plans add banks san antonio dallas fort worth area currently member banks said one day texas commerce acquisition announced december interfirst corp republicbank corp rpt headquartered dallas agreed merge deal valued mln dlrs combination former republicbank interfirst giving two banks virtual lock dallas banking market changed texas commerce expansion plans state second largest city love said think try get little part said chemical partnership also give texas commerce edge developing new consumer products said always wholesale bank one million customers state chemical show us take advantage enhancing consumer products said referring expansion existing products credit cards investment banking reuter
norris oil co dec year loss shr loss dlrs vs loss cts net loss vs loss revs vs avg shrs vs note current year loss includes mln dlr writedown oil gas properties full cost accounting method reuter
suburban bancorp merger approved suburban bancorp inc said received approval federal reserve board acquire valley national bank undisclosed price suburban said received shareholder tenders pct valley national stock reuter
marriott sell hotel four seasons hotels said vms realty partners chicago agreed purchase santa barbara biltmore hotel marriott corp undisclosed amount said venture hotel four seasons biltmore santa barbara invest mln dlrs improvements room property reuter
u k money market given mln stg late assistance bank england said provided money market late help mln stg takes bank total help today mln stg compares forecast mln stg shortage reuter
industries inc st qtr feb shr cts vs cts net mln vs mln revs mln vs mln reuter
africa mine managers face charges disaster seven managers employees general mining union corp ltd mines ltd face charges following last year disaster gold miners died attorney general office said mineworkers killed last september fire set miners underground three accused face alternative charges breaking safety regulations set mines works act spokesman said case would probably heard regional court near mid may reuter
norcen sees improvement earnings norcen energy resources ltd pct owned international corp said earnings cash flow improve even oil gas prices remain levels improvement result production increases lower taxes royalties reduced financing costs operating put place company said annual report norcen previously reported earnings excluding mln dlr writeoff declined pct mln dlrs mln dlrs norcen cash flow fell pct mln dlrs mln dlrs prior year said sharp decline oil prices significant factor norcen reduced performance financial results far previous year record levels clear norcen declining prices remains financially strong norcen said give specific profit forecast company said well profitable opportunities core business areas continue invest increase revenue asset values reuter
alcan ups aluminium ingot billet prices alcan aluminium ltd montreal said increased yesterday prices ingot extrusion billet two cents lb effective shipments beginning may new price ingot cents lb new price extrusion billet cents lb feel confident raising prices see demand supply sustainable time said alcan president metal sales recycling u said sheet bookings alcan aluminium time company total mln tonne north american smelter system less week supply short buying said added alcan expects international primary aluminum institute report drop total non socialist stocks february march estimated supply latter month fallen tonnes based part current low inventories aluminium japan london metal exchange reuter
cuba sugar crop seen least last year cuban sugar export figures january suggest year crop may least large last year mln tonnes according sugar analysts exports january totalled tonnes raw value year earlier according figures received international sugar organization january first major export month figures thus give good indication current crop said fourth quarter exports fell tonnes tonnes year earlier cuba destocking end added trade house c czarnikow recently estimated production year mln tonnes cuban sugar production third quarter tonnes giving final crop total mln tonnes compared crop mln tonnes normally third quarter production cuba meant last year crop extended exports ussr substantially january tonnes january comecon countries received tonnes tonnes month last year figures received iso show bulgaria czechoslovakia poland romania took substantially cuban sugar cuba november exports totalled tonnes compared tonnes december total tonnes tonnes year calendar year exports also lower mln tonnes mln lowest level since mln tonnes figures show reuter
east rand mines expect higher gold production east rand proprietary mines ltd said barring major disruption production expects gold output top tonnes dropping tonnes last year chairman said annual report mine expected mill higher tonnage capital expenditure around mln rand decline gold production last year due four pct drop tonnage milled seven pct decline grade reuter
southland slc unit raises crude prices southland corp citgo corp said raised contract price pay grades crude oil one dlr barrel effective today increase brings citgo posted price west texas intermediate dlrs bbl west texas sour also priced dlrs bbl light louisiana south posted dlrs bbl february citgo lowered crude postings cts dlrs per bbl cut wti one dlr reuter
rainbow lifts progressive stake pct rainbow corp ltd said lifted stake supermarket group progressive enterprises ltd pct pct said statement bought extra mln shares prices ranging n z dlrs progressive currently subject proposed merger rainbow full takeover bid brierley investments ltd bil bil bid launched monday dlrs share rainbow merger involves shareholders rainbow progressive issued shares new company astral pacific corp ltd one one basis rainbow chief executive said opinion bil actions last days undertaken strategic purposes conflict desire companies merge interests bil said merger sees progressive shares worth twice much rainbow progressive traded today rainbow bil end morning trading new zealand stock exchange reuter
snyder buys stake cenergy snyder oil partners lp said acquired mln shares pct cenergy corp said continuing review investment made determination future course action reuter
hanover cos inc rd qtr jan loss oper shr loss cts vs profit cts oper net loss vs profit revs vs nine mths oper shr loss dlrs vs profit cts oper net loss vs profit revs vs note oper net excludes tax gains dlrs year ago qtr dlrs year ago nine mths reuter
carson pirie scott co sets dividend qtly div cts vs cts prior pay june record may reuter
bond corp comment allied speculation bond corp holdings ltd australia said comment article london evening newspaper speculating plans bid approach u k food giant allied lyons plc l tony bond corp executive director finance administration said company comment market rumors press added kind problems likely whatever said allied shares p p values company around billion stg london stock market analysts specializing brewery shares viewed bid bond said assets around two billion stg highly unlikely added rumours possible bid allied time time press london equity market ever since last year thwarted approach elders ixl ltd elxa australia reuter
treasury balances fed rose march treasury balances federal reserve rose march billion dlrs billion dlrs previous business day treasury said latest budget statement balances tax loan note accounts fell billion billion dlrs respective days treasury operating cash balance totaled billion dlrs march compared billion dlrs march reuter
vtx vtx sets split vtx electronics corp said board declared five four stock split payable april nine holders record march reuter
traders say usda may lower orange crop estimate u department agriculture probably decrease estimate florida orange crop today low mln boxes mln boxes analysts industry sources said department scheduled release new estimate hrs est gmt today analysts said market downward revision much bullish impact discounted estimate usda left unchanged since october affected time recent evidence shortfall early crop harvests complete analysts said based earlier usda projections harvests five seven mln boxes larger going cut estimate said bob tate fcoj broker dean witter reynolds miami question whether admit whole thing estimate tate said possible usda lower estimate lesser amount perhaps three mln boxes continue drop estimate subsequent reports crop picture clarifies late season harvest consisting mostly oranges yet started noted said judy fcoj analyst shearson lehman bros main drop probably come july expects today estimate mln boxes reuter
fed sets two billion dlr customer repurchase federal reserve entered u government securities market arrange two billion dlrs customer repurchase agreements spokeswoman new york fed said federal funds trading pct time indirect injection temporary reserves reuter
u february consumer prices rose pct pct rise january
taft chairman group raises taft broadcasting bid dlrs share
u sugarbeet acreage estimated usda acres vs
harper group th qtr net shr cts vs cts net vs revs mln vs mln avg shrs vs year oper shr cts vs cts oper net vs revs mln vs mln avg shrs vs note year net excludes dlr loss discontinued operations share adjusted three two stock split reuter
central illinois cip mths feb net shr dlrs vs dlrs net vs revs mln vs mln note central illinois public service co full name company recent months net excludes preferred dividends mln dlrs compared mln dlrs last year reuter
corp sets joint venture corp said formed joint venture paris based alsthom group export u specialty composite materials european market said although aerospace industries prime users composite materials today plans develop applications ground transportation industrial markets near future also announced agreed purchase developer materials applications undisclosed sum reuter
dow chemical co dow regular dividend qtly div cts vs cts prior pay april record march reuter
standard srd referring bp bp bid group standard oil co said british petroleum co plc proposed offer dlrs share pct standard stock held bp referred special committee company board committee composed independent non directors company formed april purpose monitoring relationship standard oil bp standard said group consider bp offer due course noting committee retained first boston corp moore advisers reuter
montreal trustco inc year net shr cts vs cts net mln vs mln revs mln vs mln avg shrs mln vs mln reuter
industries inc rd qtr net period ended jan shr seven cts vs cts net vs sales mln vs mln nine mths shr cts vs cts net vs sales mln vs mln note prior year period ended sept comparable periods reflect change fiscal yearend april december reuter
buy billion dlrs u goods south korean foreign trade minister bae said country firms agreed buy billion dlrs worth u goods two week buying trip united states said purchases represented shifts japanese firms u firms part south korea effort reduce seven billion dlr trade surplus united states south korea five billion dlr trade deficit japan reuter
allegheny power system inc sets payout qtly div cts vs cts prior pay march record march reuter
canadian satellite communications six mths net period ended february oper shr profit six cts vs loss cts oper profit vs loss revs vs note current shr net exclude tax gain dlrs five cts share full name canadian satellite communications inc reuter
ccl unit acquires nestle canada operations ccl industries inc continental canada inc unit said acquired ontario metal making operations nestle enterprises ltd wholly owned nestle sa switzerland terms undisclosed continental said would supply nestle equivalent requirements long term agreement nestle said decided stop manufacturing order better position take full advantage changes underway horizon food packaging technology reuter
bangladesh money supply rises december bangladesh broad based money supply rose pct billion taka december rising pct billion november pct billion december central bank said year year basis rose pct months december pct november pct december narrowly based rose pct billion taka fall pct billion november pct rise billion december added year year rose pct december reuter
service industries inc merger ended service industries inc said proposed buyout chairman herman j president harvey terminated mutual consent present intention acquired party reuter
north carolina federal raises prime rate north carolina federal savings loan association said raised prime rate pct pct effective yesterday following moves major banks reuter
inc year net shr cts vs dlrs net vs revs vs note shr november class subordinate floating share issue reuter
cummins engine co inc sets payout qtly div cts vs cts prior pay june record june reuter
banking corp regular dividend qtly div cts vs cts prior payable april record april three reuter
bundesbank billion marks tender bundesbank accepted bids billion marks today tender day securities repurchase pact rate pct central bank spokesman said banks bid total billion marks liquidity credited funds allocated tomorrow must buy back securities pledged april allocation line market expectations bundesbank would provide billion marks draining week earlier facility expires call money fell pct ahead allocation pct yesterday dealers said excess allocation public funds leaving system bundesbank added last week via government owned banks however major tax payments banks behalf customers drew close week need liquidity call money declines surprised dealers speculated bundesbank disbursed government funds today however said occurred banks well liquidity billion marks minimum reserves bundesbank friday billion thursday average daily reserves first days month fell billion billion march banks would required hold net daily average reserves billion marks dealers said reuter
standard federal offers zero point loan standard federal bank said introduced zero point fixed rate mortgage loan loan program offers borrowers home mortgage financing discount fees charged standard said fees charged include application fee commitment fee expenses title work survey recording fees private mortgage insurance reuter
union carbide uk says long term debt rises union carbide corp said long term debt billion dlrs compared billion dlrs company released audited results company also said long term debt reduced billion dlrs third quarter end year asset sales equity offerings union carbide sold battery products home automobile products agricultural products businesses fourth quarter offered mln shares stock raising mln dlrs asset sales equity offering part recapitalization plan undertaken chemicals company last year audited net earnings mln dlrs dlrs share compared loss mln dlrs dlrs unchanged company preliminary earnings report made jan earnings results fourth quarter also unchanged included numbers mln dlr gain sale different businesses mln dlr pension credit charge mln dlrs purchase long term debt premium recapitalization audited results released today company broke results business segment operating profit fourth quarter company operations consolidated basis corporate interest expense taxes mln dlrs loss three mln dlrs quarter year operating profit mln dlrs compared loss mln dlrs statement company said hostile takeover attempt gaf corp gaf company adding going continuing businesses performed soundly substantial operating profit improvement carbon products posted operating profit eight mln dlrs quarter mln dlrs mln dlrs year loss mln dlrs chemicals plastics fourth quarter operating profit mln dlrs compared year ago loss mln dlrs year chemicals plastics earned mln dlrs losses mln dlrs operating income industrial gases rose mln dlrs mln quarter mln dlrs mln year company services segment cut losses quarter mln dlrs mln dlrs year three mln dlrs mln dlrs business conducted company industry segments contributed two mln dlrs fourth quarter profits affect quarter caused losses three mln dlrs compared six mln dlrs year operating results include host unusual writeoffs depreciation charges totaling mln dlrs quarter mln dlrs year capital expenditures rose mln dlrs mln dlrs segment spending carbon products fell mln dlrs mln dlrs spending fell services mln dlrs mln dlrs chemicals plastics expenditures rose mln dlrs mln industrial gases rose mln dlrs mln dlrs company cash equivalents fell mln dlrs year end mln dlrs year end net decrease mln dlrs current assets year end fell billion dlrs billion dlrs current liabilities fell billion dlrs billion reuter
reading sell philadelphia properties reading co said agreed principle properties owns around philadelphia convention center site city philadelphia philadelphia convention center authority said exchange receive mln dlrs cash rights acquire acres adjacent philadelphia international airport option acquire development rights ii shopping market street downtown philadelphia reading said responsible certain properties portion cash proceeds company said continue operate reading terminal market philadelphia land giving amounts seven includes part reading terminal train shed said reuter
ford f shares rise higher earning estimate ford motor co stock rose analyst keller furman selz raised earnings estimates company traders said keller said expects company earnings rise dlrs share compared dlrs share earned last year said ford already good market share expected remain favorable earnings overseas expected improve addition keller said company selling expensive model cars profitable non automotive operations including ford motor credit also expected post improved earnings year keller said expects company split stock raise dividend least three dlrs share year noted chrysler corp c announcement merger proposal american motors corp amo short term effect ford could cut ford share truck market long term reuter
bally considering sale six flags bally manufacturing corp said considering sale six flag amusement park unit would use proceeds pay debt addition possible sale amusement bally plans sell minority stake health club chain public company register proposed offering securities exchange commission pct health clubs soon spokesman william told reuters selling six flags definitely consideration said response inquiry said company would use much income amusement park chain sold repay debt six flags might sell much mln dlrs analysts said health club chain nation largest valued mln dlrs said bally reportedly already approached six flags several prospective buyers company needs cash begin paying back mln dlrs mountain debt bally recently completed mln dlrs acquisition golden nugget casino hotel atlantic city golden nugget inc n purchase pushed long term debt billion dlrs almost times equity mln dlrs bally unit health clubs revenues mln dlrs pct bally total revenues billion dlrs bally acquired six flags mln dlrs january penn central corp bally bought great america park ill may mln dlrs marriott corp pretax operating profit mln dlrs revenues mln dlrs clubs equipment unit combined post operating profit mln dlrs revenues mln dlrs mln came clubs company earlier month said take charge earnings first quarter mln dlrs result deal buy back mln common shares real estate developer donald trump february deal bally agreed buy mln mln shares held trump dlrs share mln dlrs plus mln dlrs related expenses exchange trump seeking control company years deal also requires bally buy trump remaining shares dlrs share stock price reach level february reuter
saudi output said year low help opec saudi arabian oil output fallen lowest level year giving fresh evidence kingdom determination keep oil prices dlrs barrel agreed opec last december oil industry sources said said saudi output first eight days march averaged mln barrels per day bpd including oil neutral zone shared kuwait compared february average mln bpd said saudi arabia also selling oil crude oil stocks tankers around world opec says must towards member production quota saudi arabia quota mln bpd lower production levels indicated saudi arabia world largest oil exporter insisting getting opec official prices even cost lower production sources said king fahd reiterated yesterday interview reuters television news agency visnews saudi commitment opec december pact boost oil prices average dlrs saudi arabia completely sticking opec decisions said sources said kingdom exports gulf ports averaged one mln bpd eight days ending last sunday february average mln bpd said saudi arabia allowing production fluctuate lifting trying maintain artificially high levels putting oil storage kingdom main buyers four u oil firms past stakes national oil company aramco mobil exxon texaco chevron enjoy considerable flexibility timing volume liftings bound pay official prices sources said spot market prices firmed past two weeks still remain opec levels major buyers delayed liftings hope would improve sources said expected low early march output pick towards end month buyers sought fulfill contractual obligations reuter
atcor atco cuts dividend atcor inc said cut quarterly dividend three cts per share cts depressed earnings dividend payable april holders record april said continue review dividend quarterly basis reuter
physicians insurance co th qtr net shr cts vs cts net dlrs vs dlrs revs mln dlrs vs mln dlrs avg shrs vs mths shr dlrs vs cts net dlrs vs dlrs revs mln dlrs vs mln dlrs avg shrs vs note per share amounts qtr year prior restated reflect six five stock split august revs qtr include capital gains vs year vs revs qtr include non insurance revenues vs year vs revs qtr include life subsidiary account deposits vs year vs reuter
intercare care says acquisition terminated intercare inc said agreed terminate proposed acquisition universal care first jersey securities withdrawn underwriter proposed offering intercare securities company said offering raised dlrs working capital sale equity debt would also financed dlr cash portion universal care purchase price addition dlrs would used repay debt intercare said date incurred dlrs expenses connection proposed offering company said improve working capital position plans reduce operating expenses decreasing hours operation workforce selling assets october said working capital deficit dlrs pro forma basis include recently acquired u medical enterprises inc reuter
dean foods co raises dividend qtly div cts vs cts prior pay june record may reuter
full corp nd qtr jan loss new york march oper shr loss cts vs profit cts oper net loss vs profit revs mln vs mln six mths oper shr loss cts vs profit cts oper net loss vs profit revs mln vs mln note year ago oper excludes loss discontinued operations dlrs qtr dlrs six mths reuter
corrected mobil mob upgrade refinery unit mobil corp said spend mln dlrs upgrade gasoline producing unit texas refinery said unit catalytic converts low octane components gasoline high octane components use super unleaded gasoline company said modernization allow unit continuous basis without shutdown currently must shut twice year unit produces barrels gasoline components day construction start late year completion set mid correcting unit output barrels day barrels year reuter
rainbow oil ltd st qtr dec net shr cts vs cts net mln vs mln revs mln vs mln reuter
linear sees lower comparable th qtr net linear films inc said fourth quarter earnings period ended march lower dlrs cts share reported year ago quarter sales mln dlrs company attributed lower earnings narrowing profit margins stretch film linear also said increasing stretch film prices six pct effective april reuter
iea forecasts slower growth oecd oil demand growth oil consumption western industrialized countries likely slow around one pct year compared pct international energy agency said oil use member countries organization economic cooperation development oecd increased around one pct first quarter mln barrels day iea said latest monthly report growth oecd countries expected come primarily transport fuels case average consumer prices higher rate growth fuels may last year pct iea said assuming crude product prices remain current levels destocking end users expected takes place natural gas also regain market share lost heavy fuel said iea estimates april one put oil stocks held oecd area mln tonnes days forward consumption year agency said flat trend explained projected seasonal consumption decline second quarter year offset reduction stocks company stocks land oecd rose mln tonnes april one year compared mln tonnes governments also built strategic stocks mln tonnes mln year year trend government stock building continuing company stocks rising less line consumption declining five years iea said oil stocks land united states canada put mln tonnes mln tonnes january one equivalent days consumption respectively oil stocks western europe mln tonnes mln tonnes january one still equivalent days consumption iea said initial estimates indicate company stocks fell mln bpd oecd countries first quarter year followed small rise january bpd decline bpd february bpd march possible final data show larger draw march said crude production also fell likely also decline non reported stocks particularly sea iea said world oil supply fell first quarter two bpd bpd bpd last quarter drop mostly due decline opec crude production around bpd february march bpd january seasonal drop exports centrally planned economies iea said total opec oil supply totalled bpd first quarter compare bpd last three months supply non opec countries totalled bpd bpd period drop saudi arabian output tentatively forecast bpd march bpd february largest factor behind opec production decline iea said reuter
medar changes fiscal year medar inc said changed end fiscal year december march company reporting annual results said change made bring financial reporting phase order cycle major customers medar earlier said lost dlrs final quarter compared loss dlrs quarter reuter
argyll energy corp year loss shr loss dlrs vs profit cts net loss vs profit revs vs note shr net dlr writedown property assets reuter
aetna sell canadian operations aetna life casualty co said aetna life casualty canada ltd subsidiary agreed sell casualty property subsidiary aetna casualty co canada laurentian group montreal undisclosed terms company said agreement subject canadian government approval reuter
madagascar cocoa production estimated higher madagascar cocoa production estimated pct higher year tonnes agriculture ministry officials said improvement reflects government efforts last seven years extend existing cocoa plantations plant new higher yielding varieties particularly northern island said last year madagascar exported tonnes high quality cocoa trade ministry said year exports estimated tonnes reuter
southern co take mln dlr charge projected vogtle cost rise
india reduces export duty coffee india cut export duty coffee rupees per kg rupees effective march coffee board official said reduction help india reach coffee export target tonnes fiscal ending march provisionally estimated exports tonnes actual tonnes said india likely press international export quotas meeting coffee producers london week depressed prices added international coffee organisation represents consumers producers far failed reach agreement quotas india feels useful quotas slide prices unlikely halted immediately said export quotas suspended february market prices surged drought brazil coffee crop reuter
systems inc th qtr net shr profit cts vs loss cts net profit vs loss revs vs year shr profit cts vs loss cts net profit vs loss revs mln vs mln reuter
u k money market deficit forecast mln stg bank england said forecast shortage around mln stg money market today among main factors affecting liquidity bills maturing official hands take treasury bills drain mln stg rise note circulation take around mln stg partly offsetting outflows bankers balances target exchequer transactions add mln stg mln stg system respectively reuter
ranco holders approve merger ranco inc said shareholders special meeting approved merger plc dlrs per share reuter
york financial splits stock york financial corp parent company york federal savings loan association said board directors declared five four stock split form pct stock dividend company said distribute split may shareholders record april reuter
dixons says citicorp withdraw cyclops offer dixons group plc said received letter march citicorp capital investors ltd part cyacq investor group making rival bid cyclops corp cyl proposing drop group offer dixons would sell cyclops industrial businesses citicorp cyacq main equity investor appears ready pull deal directly us merely part company said dixons raises questions strength consortium purpose offer dixons also said u federal court refused request counsel cyacq audio video affiliates inc ava shareholder prevent dixons completing tender offer cyclops also said court refused require cyclops provide cyacq confidential information previously provided dixons friday cyacq corp investor group led audio video affiliates citicorp raised offer cyclops dlrs per share dlrs per share certain conditions satisfied last week dixons said rival bidders cyclops getting pct oustanding dlr mln dlr tender offer expired march friday dixons agreed reopen tender offer march wednesday dixons today called cyacq higher dlr share offer cyclops highly conditional reuter
corp nd qtr feb net shr cts vs cts shr diluted cts vs cts net vs revs mln vs mln st half shr cts vs cts shr diluted cts vs cts net vs mln revs billion vs billion reuter
schwab safe co ups payout qtly div cts vs cts prior pay april record march reuter
argentine port workers take industrial action argentine port workers began indefinite protest safety conditions port work one hour per shift press spokesman said said three port workers died last month said decision take action made port worker died yesterday reuter
boliden ab blds st results group loss financial income expenses billion vs loss mln crowns sales billion crowns vs billion proposed dividend vs crowns note company year consolidated wholesale investment conglomerate ab reuter
dutch sugar trade deny involvement offer dutch sugar traders deny involvement plan offer tonnes sugar intervention protest ec export policy prices traders told reuters although tonnes sugar offered intervention netherlands dutch producers traders said sugar actually belgian offered belgian industry actions french west german belgian traders producers party spokesman said ec commission sources said yesterday french traders planned sell tonnes intervention stocks west german traders tonnes dutch traders dutch trade sources gave figure france estimated tonnes offered german traders producers dutch spokesman added weekly export tender policy prices squeezing european sugar industry way really register protest actions believe offered sugar withdrawn within three week space allowed reuter
crossland savings acquires western savings crossland savings fsb said acquired western savings co assistance federal savings loan insurance corp crossland said salt lake city based western combined two florida based thrift subsidiaries parent company contributed mln dlrs cash resulting billion dlr asset subsidiary operate name crossland savings fsb headquarters salt lake city crossland said western assets mln dlrs operated branch offices states california oregon utah washington facilitate acquisition crossland said western converted mutual stock association voluntary supervisory conversion crossland fslic assistance agreement crossland certain losses could occur connection western loan portfolio company said james j chairman chief executive officer crossland savings fla serve capacity new subsidiary resulting merger western president christopher j sumner president combined unit crossland said reuter
bundesbank sets new repurchase tender bundesbank set new tender day securities repurchase agreement offering banks liquidity aid fixed bid rate pct central bank spokesman said banks must make bids gmt today funds allocated gmt tomorrow credited accounts later day banks must repurchase securities pledged may reuter
h robins january earnings h robins co drug company bankruptcy proceedings due litigation shield device reported consolidated net earnings month ended january mln dlrs corresponding year ago period reported net earnings mln dlrs robins said filings made u trustee chapter bankruptcy case reuter
czarnikow expects lower european sugar output european sugar output basis three year average yields half mln tonnes white value last year although yields vary widely year year broker c czarnikow said market review european community sowings likely compared last year suggestions sowings might respond recent world prices czarnikow said sort fact easily becomes known broker bases forecasts licht planting estimates put w germany netherlands ussr lower hungary romania poland turkey yugoslavia higher czarnikow projections mlns tonnes white value three yields include france w germany ec w europe poland ussr e europe europe reuter
finnish unemployment pct december finnish unemployment pct december last year compared pct november pct december central statistical office said said people unemployed december november december reuter
applied circuit technology st qtr loss period ended january shr loss two cts vs loss cts net loss vs loss revs vs note full name applied circuit technology inc reuter
dudley taft raises bid taft broadcasting tfb dudley taft narragansett capital inc said prepared raise bid acquire taft broadcasting co dlrs per share taft theta co sent letter taft board directors committed purchasing broadcasting company ready discuss aspects purchase company said items discussed included price structure form consideration taft said prepared negotiate transaction taft broadcast shareholders would receive excess dlrs per share reuter
normal work resumes new zealand ports normal work resumed new zealand ports negotiations harbour board workers employers continue harbour board workers union secretary ross wilson told reporters talks late yesterday ended agreement take unresolved issues industrial wilson said remaining issue length union award dispute originally wage rates form industry negotiations cook strait ferry resumed harbour board workers returned work morning ending industrial action day early workers federation struck last week held one mln tonnes shipping ports meets monday tuesday employers association union secretary sam said got two days talks know happen reuter
technology inc year shr loss cts vs loss cts net loss vs loss revs mln vs mln reuter
family health systems make purchase family health system inc said federal bankruptcy court fort worth texas approved offer purchase sheppard dental centers inc assets chapter bankruptcy proceeding dlrs markets multiple office dental practices dallas metropolitan area well dental offices dallas company said plans open locations dallas end reuter
firm agrees merge int l enterprises inc publicly held shell corporation said signed letter intent merger international ltd based maker video machines terms merger agreement said shareholders would majority surviving company reuter
hughes tool ht board approves merger hughes tool co said board voted special meeting last night approve new agreement regulators would allow company complete proposed merger baker international corp bko agreement approved u department justice yesterday give merged company baker hughes six months instead three sell certain assets pact also allows three month extension warranted limits obligation new company give financial support businesses divested pending sale company said board recommended shareholders approve merger oilfield service companies previously adjourned meeting hughes tool stockholders resumed afternoon said hughes work baker justice department towards negotiating final form consent decree filing soon possible company said statement closing merger would occur immediately filing said assets sold consent decree consist baker domestic oilfield drilling bit business domestic submersible electric pump business baker agreement sell pump business trico industries inc financial terms merger unchanged hughes spokesman said terms baker common share hughes common share would converted one share share respectively baker hughes inc would formed new holding company reuter
inc nd qtr jan net shr cts vs cts net vs sales mln vs mln st half shr cts vs cts net vs sales mln vs mln note share adjusted three two stock split may reuter
firm coopervision eye stock buy capital management inc california investment adviser told securities exchange commission sec bought mln coopervision inc common shares pct total outstanding sec filing firm said intends acquire stock may attempt influence management company make major changes company business corporate structure said made net purchases coopervision shares since jan reuter
dynamic homes inc th qtr net shr profit cts vs loss cts net profit vs loss sales vs year shr loss cts vs loss cts net loss vs sales vs reuter
blue completes acquisition blue inc said completed acquisition enterprises inc four mln common shares said deliver another shares certain level shareholders equity fiscal quarter within months closing contingent shares issued blue said former owners pct interest blue new mexico quarter company reuter
seismic enterprises inc th qtr loss shr loss eight cts vs profit cts net loss vs profit revs vs year shr loss five cts vs profit cts net loss vs profit revs vs avg shrs vs reuter
paralax video buy american video paralax video enterprises inc said signed definitive agreement buy american video group inc stock according merger proposal american video shareholders receive restricted paralax shares warrants buy another restricted shares six dlrs share warrants run three years addition said holders american video convertible debentures agreed exchange holdings dlrs worth paralax stock american video operates stores u military bases reuter
u business loans fall mln dlrs march week fed says
investor boosts first western stake erik moller santa calif investor said raised stake first western financial corp shares pct total outstanding common stock shares pct filing securities exchange commission moller said bought first western common shares jan march prices ranging dlrs share moller said bought stock long term investment may buy plans seek control company reuter
u k officials study salmonella feed link u k officials studying possible link use antibiotics spread drug resistant strains salmonella humans ministry agriculture official said study published new england journal medicine yesterday stated spread unusual strain salmonella resistant drug shown linked farms used drug promote growth cattle u k ministry agriculture working department health public health laboratory investigate whole subject resistant strains salmonella ministry agriculture concerned possible effects human animal health official said government also studying recommendation farm animal council restrict trade days old markets says would help reduce spread salmonella reuter
telxon corp sees higher revenues telxon corp reported expects revenues quarter ending march mln dlrs company said earnings per share period cts cts company making announcement time response analysts fourth quarter revenues earnings per share estimates mln mln cts cts said raymond president chief executive officer telxon recorded revenues mln dlrs quarter last year earnings per share cts adjusted three two stock split may reuter
diamond shamrock sets pct proration factor tendered shares
resources inc th qtr net shr cts vs cts net vs revs mln vs mln mths shr dlrs vs dlrs net vs revs mln vs mln reuter
williams cos completes sale unit williams cos said completed sale chemical co unit freeport mcmoran resource partners l p initial mln dlrs cash company said also receive additional mln dlrs five years based operating performance unit said cash proceeds used lower debt costs reuter
datron systems sees lower year net datron systems inc said expects report earnings year ended march pct fiscal levels fiscal datron earned dlrs company said new orders year ended however rose pct mln dlrs bringing backlog year end mln dlrs reuter
u march jobless rate fell pct u unemployment rate fell pct march pct february labor department said number non farm payroll jobs rose last month rising revised february previously reported rise february march unemployment rate lowest since march remained unchanged pct three straight months march decline rise non farm smallest since decline last june department said last month unemployment rate pct level march growth jobs continued march slower recent months gains concentrated service industries number goods producing jobs fell march service producing jobs rose bring total jobs department survey businesses mln march business health services showed largest gains jobs manufacturing employment fell average work week fell hours march hours february department said manufacturing hours fell per week hours february overtime hours increased department survey showed number unemployed stood mln work force mln number persons working part time economic reasons fell march mln mln february loss factory jobs brought march total mln jobs concentrated automobile electrical electronic manufacturing construction employment also lowered number jobs goods producing sector falling seasonal adjustment department said mining employment little changed march experienced substantial erosion since rapid job losses oil gas drilling first two thirds service industries increased jobs last month finance insurance real estate reuter
legal general group plc year shr p vs p div p making p increase pct pretax profit mln stg vs mln net tax mln stg vs mln pretax profit mln stg vs mln consists long term business mln stg vs mln u long term business mln vs mln fund management mln vs mln short term business mln vs loss mln associate companies mln vs mln shareholders income mln debit vs mln credit exceptional long term business profit mln vs nil reuter
supermarkets general sgl gets unsolicited bid supermarkets general corp said received unsolicited proposal third party acquire company dlrs per share cash supermarkets also said retained shearson lehman brothers inc advise board directors proposal supermarkets general currently mln shares outstanding stock currently trading new york stock exchange n j supermarket operator supermarkets specialty retail stores convenience food stores drug stores nine months ended november supermarkets reported net income mln dlrs reuter
newman hawker discuss electric motor merger newman industries plc said discussing possible merger electric motor operations hawker siddeley group plc l brook motors ltd unit newman electric motor operations u k australia company gave details said statement would made shortly newman shares eased one penny announcement p hawker unchanged p three pence higher last night close reuter
cocoa chairman works towards buffer compromise international cocoa organization icco council chairman denis bra kanon continued work towards compromise plan icco buffer stock buy cocoa consumer delegates said consumer delegates said bra kanon formally presented compromise plan producers consumers unlikely would friday said widespread confidence result outstanding items could reached friday council session due end consumers said bra kanon completed bilateral consultations several delegations today main sticking points draft buffer stock rules package said certain delegations wanted discussion amount non member cocoa buffer stock permitted buy differentials different origin cocoas limits buffer stock purchases nearby forward material delegates said buffer stock working group finalized remaining buffer stock rules minor modifications original draft buffer stock package produced last week delegates said icco council due elect new executive director friday producer delegates said producers intend present single candidate post likely edouard ivory coast said earlier existing executive director kobena erbynn ghana expected nominated likely withdraw delegates said executive committee due meet friday gmt council unlikely reconvene late friday consumers said reuter
trade war fears may prompt stock markets downturn threatened trade war united states japan kind economists say could send world stock markets sure would brief dip whether week falling share prices mark start bear market billion dollar question said richard brien economist american express international bank london japan trade surplus billion dlrs last year share bond markets around world funded good huge u budget deficit around third new sale u treasury bonds bought japanese however japanese investors lost money dollar falls lose united states fall cut trade deficit counterpart improving trade deficit either lower dollar u increases duties japanese electronic goods may hit capital inflow financed budget deficit u trade deficit fall japanese less money invest u investors fill gap would left japanese stopped buying u bonds interest rates would soar brien said subsequent shift shares bonds could cause major falls world stock markets year ago could pretty confident markets said brien much less certain buoyant share prices supposed reflect booming economy world economy sluggish growth best industrial nations massive load third world debt huge trade imbalances good said brien nevertheless new york analyst william smith barney harris upham said still bull market adding corrections normal part rising market bear usually strikes slowly economist morgan grenfell co london said huge money going world financial system keep floor share bond prices although interest japanese putting money non dollar denominated bonds stocks increased difficult see else put money u dollars especially u treasury bond market according david senior executive securities co ltd bond operation london said japanese paying much closer attention french franc west german mark longer run worries trade tensions dollar slide mean securities markets reuter
manufacturers national raises prime manufacturers national bank detroit said increased prime rate pct pct effective immediately reuter
bancroft files suit zico bancroft convertible fund inc said filed lawsuit federal court n j seeking block hostile dlr share takeover offer zico investment holdings inc bancroft said suit also names michael b principal officer zico first fidelity bancorp first fidelity bank unit depositary zico offer bancroft said suit also names co inc zico information agent inc corporation bancroft said complaint alleges zico tender offer materials include false misleading information offer investment company act company said stockholders approved proposals insure remains independent reuter
malaysia declines state position cocoa pact government officials malaysia major cocoa producer declined say whether join international cocoa agreement buffer stock rules agreed london last week ministry primary industries officials said january cabinet would decide malaysia participation far decision announced government said favour joining pact local cocoa growers traders told reuters idea certain provisions may disadvantage malaysia world fourth largest cocoa producer government feels pact buffer stock mechanism help stabilise prices market surpluses officials said growers traders concerned malaysia participation pact require pay levy exports cocoa non member countries estimate levy around ringgit tonne current prices said prepared accept big portion malaysia cocoa exports officially estimated tonnes goes non members growers traders added also buffer stock measure agreement requires withholding cocoa stocks prices slump malaysia produced tonnes cocoa last year might forced tonnes worth mln ringgit measure long term might affect economic said cost maintaining stock high real business government trade ever occurs industry source said growers traders also said new buffer stock rules malaysia continue benefit even member pact buffer stock manager also allowed buy non members stockpile new rules purchases non members malaysia limited pct total stock malaysia come pressure producers join pact soon officials said noted need rush provisions allow countries join agreement even later date reuter
purchase fm station broadcasting corp said entered agreement acquire radio stations fm broadcasting co mln dlrs upon completion transaction nine fm four stations major markets transaction subject fcc approval reuter
four seasons hotels inc year net oper shr cts vs cts oper net vs revs mln vs mln note net excludes extraordinary gain mln dlrs reuter
sime darby bhd six months december shr cents vs cents interim dividend three cents vs group net mln ringgit vs mln pre tax mln vs mln turnover billion vs billion note dividend pay may register april reuter
holder proposes sale liquidation michael landes major stockholder video inc said asked company consider liquidating selling assets mr landes requested company implement program maximize shareholder values might include sale part company liquidation said filing securities exchange commission landes another video investor albert formed shareholder group together hold common shares pct total outstanding common stock landes reached agreement principle new york video tape service company dlr share takeover proposal last september subsequent merger talks broke october investors told sec continuing review positions company may acquire shares sell current stake reuter
u warns dependence foreign oil white house ordered report said growing u reliance foreign oil year could potentially damaging implications national security energy department study several options curb reliance foreign oil makes recommendations president reagan congressmen previously ruled tax foreign oil way curb imports help depressed domestic oil industry energy secretary john herrington said statement although made gains energy security last six years report shows justification national concern declining competitiveness domestic oil gas industry rising oil imports report said imports last year pct u consumption mid could rise pct among report options ease u reliance foreign oil several already advocated reagan administration president reagan ordered study last september citing determination country never become captive foreign oil cartel referring opec led oil shortages sharp prices increases report said import fee would raise prices help make economical u oil firms find produce new oil well cut imports whole tax would depress nation economy reuter
australian minister says agriculture gatt priority australian trade minister john dawkins said general agreement tariffs trade gatt give high priority agricultural trade reform area greatest crisis statement informal gatt trade ministers conference said agriculture problem involves countries seriously affects debt servicing number developing countries said major countries showing leadership problem giving close attention processes oecd organisation economic cooperation development elsewhere leading venice economic summit looking participants adopt strong commitment agricultural trade reform dawkins said venice summit scheduled june said australia interests uruguay round eighth gatt wide ranging dawkins said sees round providing timely opportunity secure meaningful trade liberalisation sectors restore confidence multilateral system dawkins said initial meetings negotiating groups established geneva gatt declaration last september punta del este uruguay made reasonable start vital trade ministers maintain pressure processes must see commitments made punta del este standstill carried practice standstill protection offers global trading system chance hold wind back protection negotiations expected last four years said reuter
alaska air group inc qtly dividend shr four cts vs four cts prior qtr pay may five record april reuter
diamond shamrock raises crude posted prices one dlr effective march wti dlrs bbl
lifetime buy shares nippon lace lifetime corp said agreed buy five mln shares pct nippon lace co ltd dlrs share mln dlrs said plans enter health care business japan addition said electronics co ltd affiliate lifetime buy four mln unissued shares pct stake nippon mln dlrs five dlrs share company said shoji chief executive officer mutual life insurance co owns majority electronics shares mutual life also largest shareholder nippon lace company said lifetime also said private bank trust zurich behalf lifetime director shareholder intends subscribe two mln shares nippon lace price paid lifetime reuter
modern controls inc th qtr net shr cts vs cts net vs sales mln vs mln year shr cts vs cts net vs sales mln vs mln reuter
exxon xon raises heating oil price traders oil traders new york area said exxon corp exxon u increased price charges contract barge customers heating oil new york harbor cts gallon effective saturday march said increase brought exxon contract barge price cts gallon traders said price hike followed higher spot futures market prices heating oil reuter
endotronics target investigation endotronics inc said target formal private investigation securities exchange commission well federal bureau investigation company also said independent accounts peat marwick mitchell co served notice report endotronics financial statements sept year ended longer relied upon endotronics said notice accountants stated cannot satisfy true facts situation degree necessary continue associated consolidated financial statements endotronics recently reported reviewing need establish reserve portion approximately dlrs overdue accounts receivable assess impact prior period financial statements light dispute one japanese distributors payment overdue accounts endotronics said providing documentation securities exchange commission connection agency investigation also said michael resigned company board directors reuter
u commerce secretary says export rise needed commerce secretary malcolm baldrige said release sharply lower january leading indicator index pickup exports needed best economy would pickup net exports said statement department reported index fell pct january december drop since pct fall july main reasons january decline pct december rise declines building permits new orders plant equipment consumer industrial goods reuter
new savings bank raises payout qtly div cts vs cts prior pay april reord march reuter
plc l year end shr p vs p div p vs p making p vs p pre tax profit mln stg vs mln turnover mln vs mln tax mln vs mln finance charges mln vs mln minority interest mln vs mln extraordinary debit closure restructuring costs mln vs mln operating profit includes pharmaceutical mln vs mln scientific equipment mln vs mln mln vs mln note company said plans one one capitalisation reuter
iraq replaces oil minister big iraqi president hussein carried first major government five years tonight new oil minister three posts one minister dropped announced presidential decree gave reason changes government arab socialist party ruled iraq since decree named head iraqi national oil company inoc abdul al take oil minister replacing ahmed appointed oil minister last significant government reorganization moved minister heavy industries reuter
ny analysts see coffee futures falling new york coffee futures prices probably fall cents lb next month consolidation trend sets according market analysts yesterday prices spot may contract fell dlr lb first time since august international coffee organization place new export quota discussions current agenda talks aimed ico export quotas five years price supporting agreements broke february short term looks like definite test cents perhaps cents said william neill coffee analyst elders futures additional may great current levels price level market vulnerable bullish developments neill added rather us market kind see prices probably around cents definitely see cents would rule brief drop cents said coffee analyst prudential bache said june worries freeze brazil growing areas become market factor prices likely consolidate ahead time trader major international trade house asked named said expects cent drop near term believes brazil opens may registrations relatively high export price requires high contribution quota exporters market could steady lower levels longer term added producer pressure mount brazil agree consumers export quota terms new international agreement could come force next fall since february talks broke market fallen cents lb low cents lb today buyers sellers sought reassess supply demand generally analysts say producers large buildup stocks u roasters drawn supplies need buying soon producing nations completed complete annual harvests exportable supplies seasonal peak exports remain behind year ago warehouses producer nations becoming increasingly said sandra kaul coffee analyst shearson lehman firm forthcoming quarterly coffee report kaul said producers need hard currency service foreign debt put pressure sell keep substantial pressure exporters undertake sales despite drop prices six year lows kaul believes market drop cents lb brazil frost season begins june accurate assessments roaster demand hard come though analysts note peak winter consumption period passed demand usually slows time year shearson kaul estimated u roaster ending stocks january including soluble roasted mln bags compared mln end september small usually busy winter season elders neill said roasters means analysts said picking bottom market difficult given fact prices fallen territory long term support dlr per lb several traders said might short term reuter
coffee export quotas october seems unlikely ico producer delegates
alitalia spa mi calendar provisional net profit billion lire vs billion turnover billion vs billion note official results alitalia italy national airline controlled state industrial holding company per la expected announced annual shareholders meeting april reuter
yeutter sees gatt consensus farm trade reform u trade representative clayton yeutter said trade ministers meeting reached general consensus agricultural trade reform latest uruguay round general agreement tariffs trade gatt yeutter gave precise details understanding told journalists consensus covers principles involved agricultural trade reform needs done improve global situation agriculture delegates countries meeting informally discuss progress made since latest gatt round launched punta del este uruguay last september yeutter said least people seem going road ultimately negotiations another matter entirely seems understanding need deal problem quickly common understanding going get yeutter said however hard work still come couple years tough negotiations ahead said nations world plough amounts financial resources production items nobody wants buy said said long term answer switch financial resources committed agriculture productive areas would help agriculture inefficient non productive segments would stop operating said individual segments many countries may lose process result system world wide production within years said important agriculture negotiations reach relatively early conclusion u spending billion dlrs year european community probably ineffective use financial resources said asked prospect priority agriculture negotiations said one politically realistic chance getting agricultural trade reform done two three years going part larger package reuter
johnson products sells two subsidiaries johnson products co inc said completed sale school beauty inc assets precise beauty inc management said sale price dlrs dlrs cash secured promissory note dlrs debt dlrs owed johnson products school reuter
restaurants inc sets quarterly qtly div cts vs cts prior pay april record april six reuter
u feb industrial production rose pct revised pct jan gain
brazil oil purchase saudi arabia brazil state oil company petrobras cancelled mln dlr crude oil purchase saudi arabia saudis refused accept credit guarantees bank brazil petrobras official said export director carlos santana told press conference saudis first suppliers oil impose conditions brazil decision halt interest payment commercial debts last month shipment mln barrels represents two days oil consumption brazil santana said saudis change minds decide respect terms contract petrobras lift order cancel shipment santana said saudis accept brazil terms monday petrobras negotiate elsewhere petrobras saudi arabia traditional client since accept conditions much better us market prices less buying iraq china advantage said iraq china barter deals brazil importing brazilian goods exchange oil saudis buy nothing brazil said santana said despite strike threat oil industry workers two week stoppage brazilian seamen petrobras oil stocks reasonably balanced saudi arabia brazil second biggest oil supplier average bpd iraq main supplier bpd china comes third bpd saudis wish stop trade relationship fine sure getting offers elsewhere santana added reuter
oils fats stocks seen falling sharply visible stocks oils fats probably likely fall sharply october year oil world newsletter said oil world forecast stocks oils fats may cut mln tonnes end season compared mln year earlier survey covered oils cotton sun corn olive coconut palm four animal oils fats butter fish oil lard tallow oil world analysis predicted slight production increase mln tonnes year end september compared increases mln mln tonnes previous two seasons said world consumption continuing rise unusually low prices prevailing since early demand food non food purposes said world consumption could increase record mln tonnes mln tonnes season would even higher indian government artificially curb domestic demand oil world said expect european community ec introduce vegetable oils tax tax introduced would negative impact ec consumption reuter
australian unions launch new south wales strikes australian trade unions said launched week long strikes industrial action new south wales nsw protest new laws would reduce injury compensation payments union sources said talks state government broke last night two sides scheduled meet later today attempt find compromise rail freight shipping cargo movements country state first affected union officials said almost every business sector hit unless quick settlement state government recently introduced new workers compensation act would cut cash benefits injured workers third act awaiting parliamentary ratification nsw state premier said workers compensation risen recent years proposed cuts would save hundreds mlns dollars year union officials said industrial action could spread states federal government also plans make sharp cuts workers compensation reuter
u sees new coffee agreement talks soon united states expect executive board meeting international coffee organization ico call new round negotiations coffee quotas u government official said official member u delegation ico talks earlier year said new coffee agreement talks expected indication negotiating positions major producers consumers changed u still demands condition coffee quotas objective criteria set establishing quotas said u official asked identified brazil major producer insists quotas based traditional formula u remains open negotiating meeting new flexibility apparent major countries official said ico executive board meets tomorrow london reuter
zayre corp th qtr jan net shr cts vs cts net vs rev billion vs billion year shr dlrs vs dlrs net vs rev billion vs billion note th qtr net includes pre tax gain mln dlrs sale real estate real estate development company fiscal net includes extraordinary charge mln dlrs six cts share per share data reflects two one stock split paid june reuter
equatorial communications losses equatorial communications co said expects report losses mln dlrs fourth quarter mln dlrs full year revenues mln dlrs quarter mln dlrs year equatorial said losses include charge mln dlrs costs associated restructuring business including adjustments reflect market value owned leased equatorial reserves inventory receivables excess facilities equatorial said fourth quarter operating results also include restructuring costs dlrs addition mln dlr charge also said march one operating technical default lease galaxy iii satellite due maintain agreed upon financial ratios said talks attempt restructure lease obligations said default two connection purchase lease result cross default provisions equatorial said signed memorandum understanding contel corp ctc purchase mln dlrs equatorial master earth stations micro earth stations associated equipment loan equatorial six mln dlrs six month period repayment starting december company said agreement would assume portion equatorial rights obligations galaxy iii lease burnham leasing certain events equatorial said would grant contel option buy common shares dlrs equatorial said contel subject equatorial ability restructure significant portion obligations obtain concessions lenders particular galaxy iii lease said hopes finalize contel agreement april equatorial earned dlrs dlr gain early debt retirement revenues mln dlrs first nine months company lost dlrs revenues mln dlrs compared dlr profit early retirement gain revenues mln dlrs reuter
cpc cpc sell unit hi port cpc international inc said agreed principle sell inc subsidiary hi port industries inc cpc said sale expected significant impact earnings subject approval boards companies terms disclosed contract personal care household products reuter
turkey estimates growth eight pct turkey gross national product grew estimated pct fixed prices compared pct state statistics institute said reporting full year data also said gross domestic product rose pct compared pct earlier estimate nine month data put full year gnp gdp growth pct government gnp growth target five pct level set institute estimated per capita gnp dlrs dlrs officials blame high gnp growth surge domestic demand stemming partly controlled municipal expenditures early part year industry grew pct real terms compared pct agriculture expanded pct compared pct reuter
ameritrust sets two one stock split ameritrust corp said board declared two one stock split management intends recommend directors increase quarterly dividend least cts per share presplit current cts company said shareholders may annual meeting asked approve increase authorized common shares mln mln well limitation directors liability establishment classified board split subject approval increase authorized common shares said reuter
great northern nekoosa announces split great northern nekoosa corp said recommend shareholders two one common stock split company said make proposal annual may near company great southern paper division operations conjunction stock split proposal asked approve increase authorized common stock mln mln shares company said company said propose increase dividend rate split approved effective june payment company said present rate common cts per share company said would recommend quarterly rate cts share split stock would equal dividend cts share present common seven pct higher current rate company said increased dividend pct last december great northern nekoosa last common stock split three two december said dec shares common stock outstanding according company reuter
thompson medical co inc declares qtly div qtly div cts vs cts prior pay april record march reuter
mathematical applications sets operations sale mathematical applications group inc said signed letter intent sell operating business propose plan liquidation following sale company unsuccessful obtaining approvals needed sale liquidation said company may required initiate reorganization proceedings federal bankruptcy law distribution assets mathematical applications said tentatively agreed sell direct marketing business pagex inc dlrs plus amount equal working capital business closing well mln dlr note payable six years mathematical applications said business working capital estimated dlrs pagex formed paul owner pagex systems inc also engaged direct marketing computer service business mathematical applications said tentative agreement calls pagex buy substantially assets liabilities related direct marketing business continue use mathematical applications name said sale also subject renegotiation real estate lease approval definitive agreement company board stock holders debenture holders company said obtained waivers holders six mln dlrs principal amount debentures due march defer interest payments dlrs march company said seek waivers defer interest payments due march enough time enable company accomplish proposed sale operations mathematical applications said talking debenture holders equipment marketing operation holders liabilities assumed pagex arrange distribution assets proposed sale adding assets significantly less liabilities company said obtained waivers holders six mln dlrs principal amount debentures due march defer interest payments dlrs march company said seek waivers defer payments due march enough time accomplish proposed sale operations mathematical applications said talking debenture holders equipment marketing operation holders liabilities assuming arrange distribution assets proposed sale adding assets significantly less liabilities part distribution assets company said expects shareholders receive amount based bid price company stock march five reuter
gold fields africa profit falls quarter st qtr march working profit mln rand vs mln tax mln vs mln net mln vs mln tonnes milled mln vs mln gold production vs gold revenue mln rand vs mln working costs mln vs mln avg price per kg rand vs note full name company gold fields south africa ltd j reuter
german february central bank money growth steady west german central bank money stock growing annualized pct february unchanged pct reported january provisional data bundesbank showed figure thus outside three six pct range set bundesbank absolute terms measure rose billion marks february billion prior month data showed stock grew annualized pct six months february slower pct rise period january two components comprising central bank money stock cash circulation rose billion marks february billion january bundesbank data showed gave annualized pct rise six months february pct increase six months january minimum reserve requirements domestic liabilities grew billion marks february billion january yielded annualized pct rise six month february slightly pct increase period january reuter
fcs receives merger proposal fcs laboratories said investment banker singer inc received preliminary merger proposal another company healthcare field fcs said various aspects proposal better defined board may consider fcs said merger negotiations company continuing since late august reuter
scan graphics merge public company scan graphics inc said acquired captive venture capital inc public company stock transaction approved shareholders companies result merger former shareholders scan graphics become majority shareholders captive venture capital name corporation changed scan graphics inc directors composed individuals scan graphics board terms deal venture capital issue mln shares restricted convertible preferred stock convertible mln shares common stock exchange outstanding stock scan graphics upon completing deal common shares venture capital issued outstanding shares held public addition class warrants b warrants entitles holder buy shares common stock dlrs dlrs respectively share scan graphics makes systems allow users convert graphic documents engineering drawings computer data stored computer currently captive venture capital stock traded counter soon trade scan graphics name application nasdaq listing expected soon requirements met reuter
buy beneficial bnl unit inc said signed definitive agreement acquire western national life insurance co beneficial corp mln dlrs cash western national assets billion dlrs end premium investment revenues western issues structured settlement settlement personal injury damage claims sells tax acquisition subject regulatory approval said acquisition would raise assets billion dlrs annual revenues mln dlrs beneficial previously announced plans leave insurance business march three said agreed principle sell american insurance co beneficial international insurance co consolidated marine general insurance co ltd consolidated life assurance co ltd insurance co service general insurance co subsidiaries management led group mln dlrs notes mostly contingent performance units mln dlrs cash operating earnings dlrs revenues mln dlrs reuter
california firm five pct modulaire building systems america inc calif company told securities exchange commission acquired shares modulaire industries pct total outstanding common stock whose subsidiaries design make sell lease buildings said bought stake dlrs acquire equity interest modulaire modulaire depending several factors said may decide buy additional modulaire common shares reuter
leading industrial nations meet april leading industrial nations meet next month review accord currency stability u officials said financial markets convinced countries live commitments speed economic growth narrow currency movements recent weeks strongly suggests six leading industrial countries normally financial markets next month talks seem likely build stability reagan administration official said paris agreement last month main reason markets calm said interview financial markets also understood six countries concluded measures taken period time future foster stability exchange rates around current levels fact happened since paris monetary analysts said stability helped part decision industrial nations cease short term policy objectives instead focused medium term policy goals left room adjust agreements periodic meetings official refused comment however whether agreement included secret pact consider coordinated interest rate cuts measure industrial nations taken jointly several times past year february united states japan west germany france britain canada agreed major currencies within ranges broadly reflecting underlying economic conditions given commitments washington cut budget deficit bonn boost economic growth shake would strengthen u position future international talks think changes strengthen president hand politically stronger politically better congress better international said official administration economic would beneficial continued conduct initiatives official also said administration would resist calls tax increase cut budget deficit target europeans say crucial help curb economic instability last week dealers said federal reserve intervened stop dollar rising mark breached dollar british authorities also understood intervened curb sterling strength international monetary sources say finance ministers central bankers review market performance economic prospects washington april meeting international monetary fund sources said italy refused join paris pact invited back treasury secretary james baker since paris signs west german growth slowing u officials said giving japan april show economic stimulus package signs concern german prospects emerged recently bundesbank central bank president karl otto poehl told bankers would consider cutting west german interest rates fed ready follow suit reagan administration official said would show change approach part central bank germany declined comment prospects action fed bundesbank provision private talked would longer private said official asked identified public comments fed officials suggest central bank keeping credit conditions broadly unchanged major economies continue show sluggish growth u trade deficit remains high coordinated action could april agenda reuter
ends southwest photo talks inc said discontinued negotiations acquiring southwest photo chem inc calif company cited differences financial structure deal said southwest photo proposed significant change terms outlined letter intent signed last month reuter
barnes group b expects sales grow modestly barnes group said expects sales net income slightly without supplying specific figures barnes told shareholders annual meeting expected net income improve rate exceeding growth sales two pct higher company said recorded income continuing operations mln dlrs dlrs per share sales mln dlrs said recorded income continuing operations mln dlrs dlrs per share previous year reuter
sugar exports fall february exported tonnes sugar tel february tonnes tel shipped january february chamber agriculture sugar news bulletin said opening stocks beginning last month totalled tonnes tonnes start february last year closing stocks end february tonnes tonnes end february estimate sugar production unchanged last month tonnes raw value chamber said reuter
first interstate estimates loss brazil first interstate bancorp chairman joseph pinola said bank holding company would lose mln dlrs per year taxes put medium long term debt non accrual status interview said could result pct decline annual earnings per share pinola said first interstate like banks yet decided put loans brazil stopped paying interest last month non accrual status none us really wants negotiations might going said first interstate reported securities exchange commission last week mln dlrs medium long term loans brazil said december brazilian outstanding debt totaled mln dlrs first interstate also mln dlrs short term loans trade lines brazil pinola said believes solution brazilian debt crisis political economic said finds reuter
contel ctc buy walker county telephone contel corp said agreed principle acquire walker county telephone co ga undisclosed amount common stock walker customers northeast georgia company said agreement subject approval regulatory agencies boards walker shareholders reuter
taft tfb stock rises proposal taft broadcasting co stock rose almost three points today vice chairman investment group proposed takeover offer company however several arbitragers said would away stock current price levels since unclear high bidding company would go whether company would agree takeover many uncertainties said one arbitrager taft stock rose dudley taft taft vice chairman narragansett capital inc said sent letter taft board committed pursuing acquisition broadcast company prepared negotiate transaction excess dlrs per share company responded proposal would submitted board directors decisions yet made sale company someone company go dlrs per share said one arbitrager arbitragers said stock risky buy current levels unless offer accepted dlr per share range said make arbitrage investment level would since take long time transaction completed regulatory approvals necessary broadcast taft earlier rejected dlr per share billion dlr bid investment group company said rejected bid inadequate based advice goldman sachs co financial adviser said would consider alternatives restructuring arbitragers speculated bidding war may taft two large shareholders investment group led robert bass carl lindner chairman american financial corp bass group holds pct taft lindner holds pct taft family founded company almost years ago pct lindner last week told securities exchange commission may interested making bid taft could see things got really crazy might go dlrs per share said one arbitrager speculated probably would even taken price another speculated lindner might bid speculated investor would really interested running company lindner unavailable comment dennis analyst oppenheimer co said speculated company might considering leveraged buyout break thing satisfy interests involved said adding two largest shareholders might interested pieces taft said highest takeover price calculated company dlrs per share highest estimates wall street said latter would based optimistic expectations broadcast industry reuter
circuit systems buys board maker circuit systems inc said bought stock industries inc exchange shares common following exchange shares circuit systems stock outstanding holders pct outstanding stock circuit systems said maker circuit boards revenues mln dlrs pretax profits dlrs revenues mln pretax profits dlrs circuit systems said reuter
corp th qtr dec loss shr loss cts vs loss cts net loss vs loss revs vs year shr loss dlrs vs loss cts net loss vs loss revs vs note net periods includes dlr writedown value seismic laboratory dlr increase reserve doubtful accounts reuter
canadian tire major holders extending pact ctc dealer holdings ltd said canadian tire corp ltd controlling shareholders alfred david martha extend agreement expiring yesterday tender shares ctc previously reported offer pct canadian tire common shares ctc already holds pct canadian tire common said would therefore take shares tendered offer unless totaled least mln another pct canadian tire common control pct canadian tire common added extended offer may fixed price dlrs share ctc group canadian tire dealers said expected know may would obtain approval appeal previously reported ontario court ruling regulatory decision block ctc offer dealers bid previously blocked ontario securities commission offer excluded holders canadian tire class non voting shares make pct company equity reuter
talks show new canadian confidence group says canada decision raise issue free trade pact u sign many see new spirit canadian self confidence public policy study group said suggests canada immediate post war period major player process building world washington based atlantic council said u canadian negotiators opened talks last summer aimed dismantling trade barriers two countries world biggest trading partners shipments billion dlrs annually council study said trade talks deadline october agreement biggest issue u canadian relations study said trade two countries would improve competitiveness economies world markets lessen trade mar ties council said past canadians away free trade arrangement economically politically closer association country times size population time added canadians realized domestic market small permit mass production sales needed raise productivity level demanded increasingly competitive world council said talks canada chiefly interested imposing u duties subsidized exports recent example per cent duty u imposed canadian lumber exports grounds shipments subsidized council said chief u concerns included ending curbs u banking insurance telecommunications called cultural industries publishing broadcasting films said major u canadian issues defense cooperation acid rain u rejection canadian sovereignty waters northwest passage reuter
coastal cgp says transamerican suit coastal corp said two billion dlr suit transamerican natural gas corp texas state court without merit company said intends proceed filing reorganization plan transamerican u bankruptcy court houston yesterday afternoon bankruptcy court issued temporary restraining order prohibiting transamerican coastal taking action court would interfere jurisdiction bankruptcy court yesterday bankruptcy court ruling coastal rights transamerican creditor file reorganization plan transamerican transamerican suit alleges attempted unlawfully gain control transamerican texas natural gas reserves pipeline system transamerican bankruptcy proceedings began reuter
owens illinois acquisition completed oii holdings corp concern formed roberts co said completed previously announced acquisition owens illinois inc terms february agreement oii paid dlrs per common share dlrs per dlrs convertible preferred share oii said common share still outstanding time merger converted right receive dlrs per share preference shares converted april redemption price dlrs per preference share plus accrued dividends oii said assumed pct sinking fund debentures due june pct sinking fund debentures due november pct debentures due april oii said new york stock exchange said securities result merger oii said anticipated securities traded counter market surviving company known illinois inc said reuter
mitchell energy development corp payout qtly div six cts vs six cts prior pay april two record march reuter
inc nd qtr ends jan net shr cts vs cts net vs revs vs six mths shr cts vs cts net vs revs mln vs mln reuter
emery eaf plans purolator pcc asset sales emery air corp launched dlr share tender offer pct purolator courier corp said would sell purolator assets help pay estimated mln dlr cost stock purchase deal filing securities exchange commission emery said would sell lease purolator air ind currently construction would divest purolator inc subsidiary indications interest assets received far emery said emery said would operate purolator subsidiary succeeded would integrate air said plans finance stock purchases borrowings chemical bank morgan guaranty trust co new york bankers trust co salomon brothers holding co inc parent brothers inc emery financial advisor emery said already commitment letter banks mln dlrs stock purchases unspecified amount generated funds would also used stock purchases added reuter
transamerica ta gain unit sale transamerica corp said expects realize gain mln dlrs previously announced sale group life health operations transamerican occidental life insurance co subsidiary life accident co said transamerica life cos unit plans change conservative method deferred policy acquisition costs resulting one time charge offset gain sale transamerica said signed definitive agreement sale structured reinsurance transaction involving mln dlrs reserve liabilities said mln dlr gain sale mln dlrs statutory surplus previously supported operations group sold used support transamerica life cos efforts accelerate growth remaining businesses said closing expected may one subject regulatory approvals reuter
corrected lifetime buy nippon lace lifetime corp said agreed buy five mln shares pct nippon lace co ltd dlrs share mln dlrs said plans enter health care business japan addition said electronics co ltd affiliate nippon buy four mln unissued shares pct stake lifetime mln dlrs five dlrs share corrects show nippon affiliate buying stake lifetime reuter
talking point caesars world caw mts acquisition corp dlr per share offering price caesars world inc thought much low likely attract suitors hotel casino company industry analysts said think someone else probably come mts raise bid said analyst montgomery scott inc mts company formed martin sosnoff caesars world largest shareholder today began tender offer valued mln dlrs shares sosnoff already think offer low least five points said described caesars world operator one world sosnoff new york investor already owns pct caesars world mln shares following news tender offer caesars world shares trading caesars world spokesman said company declining comment sosnoff move moment caesars may issue public statement studied offer said caesars world considerable growth potential forecasting fiscal earnings two dlrs per share caesars world owns casino hotels nevada resorts pennsylvania mountains also controls caesars new jersey inc owns atlantic city n j casino hotel fiscal year ended july caesars world reported net income mln dlrs dlrs per primary share company reported second quarter net income mln dlrs cts per share compared income mln dlrs cts per share year earlier daniel lee analyst drexel burnham lambert inc said although sosnoff relatively low bid may attract suitors willing pay higher price caesars little likelihood competing bid would start battle company
carling keefe sells star oil unit united coal canada mln dlrs
del val financial corp sets payout mthly div cts vs cts prior pay july one record june reuter
co inc year loss oper shr loss cts vs profit two cts oper net loss vs profit revs mln vs mln note oper includes accrued interest financing capital goods transaction prudential bache trade corp year ago oper excludes extraordinary gain reuter
ec backs new move encourage unleaded gasoline ec executive commission backed plan allow member countries ban regular leaded gasoline move designed encourage use unleaded fuel said statement backed proposal allow ec states ban sales regular grade gasoline containing lead six months notice proposal needs approval ec ministers would force member state impose ban option obligation spokesman said commission said imposing ban would encourage use unleaded fuel well making easier gas stations cutting number types gasoline stock reuter
u leading indicators rose pct feb revised pct jan fall
mitsubishi buys danish dairy product firm mitsubishi corp tok said taken pct stake worth five mln danish dairy farms ltd jointly market produce april company set last year three major danish livestock cooperative expand markets dairy products mitsubishi official said first time japanese trading house traded non japanese dairy products world market said said mitsubishi expects danish company annual sales billion yen first year april reuter
marshall steel details gain unit sale marshall steel ltd formerly marshall inc said report mln dlr net gain taxes year sale division sold effective january one reuter
bundesbank gross reserves rise march close bundesbank gross currency reserves rose mln marks last week march billion marks bundesbank said statement time foreign liabilities rose mln billion producing rise net reserves mln billion march bundesbank provided banks liquidity fourth march week funds money market via government owned banks banks took bundesbank standing offer treasury bills place excess liquidity banks received liquidity routine month end payments public authorities well expansionary market factors lost billion mark rise cash circulation billion bundesbank said banks draw heavily lombard emergency financing facility due month end tightness borrowing billion marks overall banks holdings bundesbank rose billion marks billion end month averaging billion whole march minimum reserve requirement march deduction banks cash holdings set billion marks public authorities net holdings bundesbank fell billion marks last march week billion week federal states holdings fell billion billion federal government holdings rose mln marks billion reuter
trade surplus cut would benefit japan sumita bank japan governor satoshi sumita said japan national interest make greater efforts reduce trade surplus told business executives important issues world economy correction international trade imbalances solution world debt problem end japan u must make medium long term efforts alter economic structures expanded trade gap two nations world economic growth therefore expansion debtor countries export markets needed solve debt issue added reuter
philippine debt talks delayed consultations today debt rescheduling talks philippines government bank advisory committee postponed thursday give banks time consider manila proposal paying part interest bill notes instead cash bankers said committee banks met briefly earlier today decided needed time particular consider news report quoted reagan administration official urging proposal given serious consideration banks felt new information consultation called one banker said yesterday washington reuters quoted official saying manila plan pay interest notes could converted equity investments philippines fully consistent reagan administration strategy handling developing country debt philippine proposal interesting quite unique think something rejected hand official said key role u debt crisis foreign banks particular wanted time analyze significance comments bankers said reuter
k mart km raises payout votes split k mart corp said board approved pct increase quarterly dividend declared three two stock split company raised dividend cts presplit share previous cts share split new quarterly dividend rate equivalent cts share payable june eight record may said additional shares distributed june five record may reuter
south african miners return work black workers returned work one day strikes two mines monday national union mineworkers companies mines said miners resumed work gold mine east johannesburg protesting transfer colleagues jobs mine owners general mining union corp ltd j said union said mineworkers new coal facility owned anglo american corp south africa ltd j also returned jobs tuesday workers anglo south johannesburg struck protest alleged refusal officials south african homeland allow miners attend funeral homeland union spokesman said reuter
honeywell bull sees revenue growth honeywell bull inc owned honeywell inc hon cie des machines bull nec corp said expects revenues increase pct current level billion dlrs honeywell bull president jerome meyer also told press conference company profitable adding company aimed improve profits time honeywell inc earlier today received mln dlrs cash sale pct computer business bull nec honeywell retain pct interest honeywell bull bull equal amount nec owns pct company meyer executive vice president honeywell information systems said honeywell bull would work closely nec bull developing new products marketing computers multi national companies growing fast like going turn around meyer said said business soft u said company distribution programs staff laying selected employees also said company hiring new workers honeywell bull chairman jacques also chairman bull said believed computer industry could fast growing market companies provide type computers customers want believe slump market said computer company would offer open systems customers would tied specific vendor also focus computers together communications networks reuter
amstutz says farm trade accord possible u agriculture undersecretary daniel amstutz said possible reach global agreement scale back agricultural supports calendar speaking senate agriculture appropriations committee hearing amstutz said think reach agreement calendar amstutz said u places high priority uruguay round global trade talks comments followed statement secretary state george shultz last week urging agriculture highest priority item upcoming summit western heads state venice italy reuter
met pro corp pay regular dividend qtrly cts vs cts prior pay may eight record april reuter
anz bank says cut australian prime pct march
tonka corp raises dividend qtly div two cts vs cts pay march record march reuter
bankers trust co raises broker loan rate bankers trust co said raised broker loan rate pct seven pct effective immediately u trust co also quotes broker loan rate publicly posting pct rate reuter
wholesale corp cost nd qtr feb net oper shr five cts vs six cts oper net vs revs mln vs mln avg shrs mn vs mln first half oper shr six cts vs five cts oper net vs revs mln vs mln avg shrs mln vs mln note operating net excludes gains dlrs three cts share vs dlrs two cts share quarter dlrs three cts share vs dlrs two cts share year tax loss carryforward reuter
colombia coffee exporters believe private coffee exporters say colombia coffee marketing policy ensure country suffer excessively current depressed prices market conditions gilberto arango president exporters association said interview colombia world second largest producer position prolonged absence international coffee organization ico export quotas colombia one countries benefit situation said recent ico talks london failed break deadlock introduction export quotas suspended february date set new meeting issue arango said government measures adopted last week including lower export registration price indicated major change also disclosed welcome start new era colombia world market conditions also new said government lowered local taxes exporters said export registration price reintegro changed often order closely reflect market trends arango said colombia new attitude decision friday open export registrations unlimited amount added country would begin heavy selling coffee marketing policy sell without consistently targets volume set react market factors colombia intention giving coffee away colombia past records basis upcoming exports said certainly export seven mln kilo bags neither going sell like mad trade knows full well colombia export potential said colombia stockpiles standing mln bags exported record mln bags coffee year ended last september mln calendar arango want commit export predictions said output coffee year would exceed mln bags compared mln forecast national coffee growers federation mln u department agriculture figure said said plantations particular number one producing province meant output likely fall nationwide estimates rare mln mln bags failure recent ico talks arango said colombia felt managed force compromise jorge cardenas manager national federation head nation delegation london blamed big countries without however arango like colombian finance minister cesar gaviria last week said united states would undoubtedly great political pressure coming weeks revise policy washington take account many countries allies instance central america sharp fall coffee export revenue would far reaching political economic consequences arango ruled fresh colombian initiative export quotas saying producers show common resolve could emerge continuous contacts reuter
kuwait minister says emergency opec talks set kuwait oil minister said newspaper interview plans emergency opec meeting recent weakness world oil prices sheikh ali al khalifa al sabah quoted local daily al qabas saying none opec members asked meeting also denied kuwait pumping opec quota barrels crude daily bpd crude oil prices fell sharply last week international oil traders analysts estimated nation opec pumping one million bpd self imposed limits reuter
national medical enterprises inc rd qtr periods ended feb oper shr cts vs cts oper shr diluted cts vs cts oper net mln vs mln revs mln vs mln avg shrs mln vs mln nine mths oper shr dlrs vs dlrs oper shr diluted dlrs vs dlrs oper net mln vs mln revs billion vs billion avg shrs mln vs mln note year ago nine months operating net excludes loss mln dlrs two cts share discontinued operations reuter
hutton lbo extends expiration dlr shr offer purolator april today
cocoa council head present buffer compromise international cocoa organization icco council chairman denis bra kanon present compromise proposal buffer stock rules producer consumer delegates either later today tomorrow morning delegates said bra kanon held private bilateral consultations major producers consumers morning resolve outstanding differences mostly issues much non member cocoa buffer stock purchase price differentials different varieties delegates fairly confident differences could worked time reach agreement tomorrow consuming member nations including britain belgium favour buffer stock buying pct non member cocoa delegates said consumers argue buying cheaper lower quality non member cocoas particularly malaysian effectively support prices low quality cocoa currently pressuring market producers meanwhile say non member cocoa make small percentage buffer say malaysia able benefit icco unless member buffer stock bought malaysian cocoa malaysia would incentive join delegates said differentials ghana apparently wanted higher differential cocoa outlined recent proposal would better chance cocoa bought buffer stock producer delegates said consumers wanted differentials adjusted way would promote buffer stock purchases expensive cocoas brazilian said technical points need including limits much cocoa buffer stock manager buy nearby intermediate forward positions effect prices various deliveries delegates said reuter
ohio mattress co st qtr feb net shr cts vs cts net vs revs mln vs mln note aggregate antitrust suits mln dlrs included year ago st qtr results company said portion amount including related interest attorneys fees would reflected reduction minority interest sealy recorded consolidated balance sheet upon final settlement litigation note consolidated balance sheet end st qtr reflects tax impact mln dlr settlement sealy licensee michigan results include operations acquired sealy brand pct sealy remaining pct sealy recorded minority interest proceeds mln dlrs sale stock debt used reduce balance revolving credit agreement mln dlrs accordingly mln dlr obligation banks credit agreement recorded long term liability end st qtr note april company intends acquire michigan sealy licensee fund transaction mln dlrs cash borrow balance required banks reuter
turkish trade deficit widens turkey trade deficit rose billion dlrs billion following increased imports western countries figures state statistics institute show exports pct billion dlrs compared billion imports pct billion dlrs billion total trade mid east gulf states fell pct due lower oil prices imports billion dlrs compared billion exports billion billion exports organisation economic cooperation development countries rose billion dlrs billion imports billion billion turkey trade deficit december narrowed mln dlrs mln november compared mln december reuter
h j heinz raises quarterly cts cts
corp th qtr loss shr loss cts vs loss dlrs net loss vs loss revs vs year shr loss cts vs loss dlrs net loss vs loss revs mln vs mln reuter
u treasury proposes african uranium imports u treasury proposed allowing temporary imports south african uranium ore uranium oxide july certain conditions pending clarification anti apartheid laws passed congress last fall treasury said proposed allowing temporary imports felt congress intended passed comprehensive south african sanctions bill last fall president reagan veto hurt u industry treasury said outright u ban uranium ore oxide might cause foreign electric utilities south african origin ore oxide countries including soviet union processing treasury also proposed allowing u origin goods imported temporarily south african state controlled organizations repair servicing u south african sanctions law enacted u protest apartheid laws south africa white minority government prohibited imports uranium ore oxide iron steel coal textiles end reuter
richardson electronics rd qtr feb net shr cts vs cts net vs rev mln vs mln nine months shr cts vs cts net vs rev mln vs mln note fiscal per share data reflects effect shares issued april convertible debenture conversion company full name electronics ltd reuter
seeks sell unit corp said retained salomon inc sb help sell paper co inc maker premium printing papers technical specialty papers capacity short tons year company said decided sell focus production kraft tissue products containers treated wood products reuter
major differences resolved rubber pact talks negotiators united nations conference new international natural rubber agreement inra agreed basic elements new pact conference chairman manaspas xuto said resolved major differences opinion told reuters xuto said way cleared drafting new accord replace current one expires october xuto said welcome friendly cooperative atmosphere without since talks began last monday hope delegations go back home try new agreement added renegotiation conference auspices u n conference trade development unctad fourth meeting two years xuto said producers consumers agreed four points regular price reviews held every months previously consumers proposing month intervals price reviews instead current pact average daily market indicator prices six months prior review lower intervention price upper intervention price reference price automatically revised downwards upwards five pct unless international natural rubber organisation council decides higher percentage buffer stock purchases sales reach tonnes reference price lowered raised three pct unless council decides higher percentage buffer stock reaches tonnes price additional contingency stock tonnes brought operation two malaysian singapore cents floor price cents floor price breached throughout talks producers resisted consumer proposal lower floor price cents buffer stock currently tonnes rose tonnes proposal initiated u withdrawn last night setting stage compromise legal drafting provisions start next week formal adoption new accord countries taking part conference expected take place march current conference widely seen last chance deal three previous attempts negotiate new five year pact failed last round breaking october consumer demands tighter controls buffer stock united states japan west germany france italy britain major consumers unctad latest estimates project increase pct rubber prices year pct reuter
investor group puts pressure gencorp gy investor group trying acquire gencorp inc said would move board directors take action gencorp discuss billion dlr takeover bid general acquisition co partnership wagner brown afg industries inc afg reiterated statement sent gencorp friday willing negotiate earlier offer dlrs share tire broadcasting plastics aerospace conglomerate analysts speculated gencorp could least dlrs per share broken gencorp officials declined comment statement spokesman reiterated request shareholders wait board opinion making decision offer gencorp said statement would made company annual meeting tuesday general acquisition said board could carry duties shareholders make informed decision explored us ways offer revised provide greater value shareholders general acquisition added aware board may reviewing alternative transactions might provide gencorp shareholders payment cash case recognise additional equity capital may well enable us offer cash securities greater value gencorp could provide similarly structured transaction said added gencorp board obligation present alternative proposal shareholders way allowed competing offers general acquisition requested given chance bid competitive fair basis final decision made buyout proposal statement repeated request gencorp remove poison pill preferred share purchase rights shareholders making takeover expensive said might take legal action seek support shareholders calling special meeting replace board consider proposals gencorp accept proposal containing defensive features said reuter
fluorocarbon co th qtr jan net shr cts vs cts net vs sales mln vs mln year shr cts vs dlrs net vs sales mln vs mln note prior year net includes gain dlrs discontinued operations year loss quarter gain dlrs year disposal discontinued reuter
electro optics corp nd qtr electro optics corp said estimated earnings second quarter ended march current analysts estimates cts cts per share however company said closed books quarter release earnings april reuter
spain money supply growth february spain broad based money supply rose annualised rate pct february pct january pct february last year bank spain figures show broad based money supply measured liquid assets public hands plus monetary assets money supply growth pct last year government wants reduce rate eight pct year reuter
u k oil revenue forecast fall u k government forecasts oil revenues fall four billion stg fiscal year billion billion forecast came treasury financial statement budget report issued chancellor exchequer nigel lawson annual budget statement parliament government assuming price oil average dlrs barrel line earlier forecasts oil revenue calculation based exchange rate remaining close current levels treasury document said treasury said oil revenue shortfall reflect oil price fall north sea corporation tax paid time lag statement calculated one dlr barrel difference oil prices year change revenue mln stg current fiscal year mln stg full year oil production forecast fall slightly according statement change one mln tonnes production would alter revenue mln stg mln stg full year added total general government receipts estimated billion stg billion budget forecasts autumn statement forecasts despite shortfall oil receipts additional non north sea corporation tax billion stg vat mln stg account bulk total general government receipts forecast rise billion stg fiscal among main items besides oil revenues projected income tax billion stg billion current year non north sea corporation tax forecast bring billion stg revised billion vat revenue amount billion compared revised estimated billion fiscal year general government expenditure coming fiscal year expected total billion stg revised billion current year repayment mln public corporations market overseas borrowings forecast bring total public sector borrowing requirement billion stg year revised billion treasury said reuter
nippon oil sees sharply lower sales profits nippon oil co ltd predicted parent company net profit nine billion yen year ending march pct year earlier president told press conference current profit year estimated billion yen pct year earlier said said sales expected fall pct billion yen fifth consecutive year year drop year fall due lower selling prices end users offset yen appreciation company retain six yen dividend reuter
greece says right aegean oil drilling greece responding warning turkey conducting oil activities aegean sea said today right decide research drilling work area government spokesman said greek position made clear turkey ambassador met greek foreign affairs undersecretary last week acting turkish prime minister said earlier today greek activities northern aegean agreement set framework talks aegean continental shelf disputed athens greek statement today said greece prepared give even trace sovereignty rights stressed mr decision drill belongs exclusively greek government greek government repeatedly let turkish side know considers protocol turkey said greek statement said athens ready put continental shelf issue international courts reuter
commerzbank increases dividend parent net profit commerzbank ag cbkg f said dividend nine marks would proposed ordinary shareholders earnings eight added statement parent net profit rose mln marks mln prior year commerzbank spokesman noted figures however preliminary required approval bank supervisory board meets today commerzbank statement added profit last year rose mln marks mln inclusion corporate tax allowance domestic shareholders would receive effective dividend marks per share total dividend payout would rise mln marks mln earnings due increase dividend equity capital added parent net profit mln marks would placed published reserves unchanged two prior years shareholders meeting take place may hamburg statement said holders commerzbank participation certificates total nominal value mln marks would receive remaining mln marks profit aside basic payment pct nominal value certificate holders would receive additional pct management board bank would also propose two capital measures shareholders order able react quickly new challenges would ask authorised capital nominal mln marks issue new shares mln issue warrant bonds period april reuter
firm sells entire allegheny int l ag stake southeastern asset management inc two controlling shareholders said sold entire pct stake allegheny international inc filing securities exchange commission southeastern memphis tenn investment advisor said sold entire share stake march prices ranging dlrs reuter
caesars world board approves recapitalization caesars world inc caw said directors unanimously approved recapitalization plan stockholders get cash distribution dlrs per share via one time special cash dividend retain common stock ownership caesars world caesars world said expects raise approximately one billion dlrs needed pay dlr per share dividend expenses recapitalization around mln dlrs bank borrowings public sale approximately mln dlrs debt outstanding debt retired drexel burnham lambert inc caesars financial advisor told company confident arrange entire financing needed recapitalization henry gluck chairman chief executive officer hotel casino resorts company said statement board believes recapitalization plan financially superior dlr share tender offer martin sosnoff gluck said caesars world board recommends shareholders reject sosnoff offer stock closed dlrs share friday ability restructure along lines possible primarily financial stability strong operating results achieved management recent years gluck said said recapitalization takes effect net income fiscal year ended july expected mln dlrs fiscal primary earnings per share projected cents based mln post recapitalization common common equivalent shares outstanding commenting company longer term earnings outlook gluck said project net income increase mln dlrs reflecting increased operating income lower interest expense due retirement mln dlrs debt incurred connection recapitalization said company usually release projections done significance recapitalization gluck said recapitalization plan submitted stockholder approval special meeting expected june plan require approval stockholders nevada new jersey gaming regulatory authorities part plan company change state incorporation florida delaware means merger caesars world wholly owned subsidiary company new incorporation certificate provide among things fair price provision requiring certain transactions interested pct stockholders approved pct vote stockholders excluding shares held interested stockholders caesars world said statement cash distribution result substantial deficit stockholders equity give estimate size deficit company said financial advisors said believe recapitalization caesars world financial flexibility resources necessary finance current projected operating capital requirements reuter
enterprises th qtr net oper shr cts vs cts oper net vs revs mln vs mln year oper shr cts vs one dlr oper net vs revs mln vs mln note current qtr year figures exclude extraordinary losses early debt retirement mln dlrs five cts per share mln dlrs cts per share respectively full name enterprises inc reuter
petroleum corp st qtr jan net shr profit one ct vs loss cts net profit vs loss revs vs note prior year net includes dlr writedown oil dlr tax credit reuter
chemical co inc th qtr loss shr loss cts vs loss cts net loss vs loss sales vs year shr loss cts vs loss cts net loss vs loss sales vs reuter
sanwa bank acquires small stake portuguese bank sanwa bank ltd agreed buy two pct stake based banco de bpi portugal largest merchant bank sanwa official said sanwa purchase shares international finance corp bpi shareholder sister organisation world bank mln yen said acquisition completed month japanese governments expected give permission soon first time japanese bank bought stake portuguese bank sanwa plans increase stake bpi four pct ceiling foreign shareholders official said bank also agreed banco state owned merchant bank exchange information customers help accelerate japanese investment technological transfers portugal said reuter
harris bank increases prime rate harris trust savings bank said increased prime rate effective immediately reuter
volcker urges industrial nations keep trade markets open foster growth
gelco gel sees flat pretax operating net gelco corp said excluding effects restructuring plan expects pre tax operating earnings year end july last year year ended july gelco reported pre tax operating earnings mln dlrs dlrs share however final results affected certain charges including legal investment advisors fees preferred stock dividends costs restructuring said expenses associated restructuring expected offset significant gains sale gelco business units said final outcome fiscal year determined timing proceeds sale added reuter
boston bancorp sets two one split boston bancorp said board declared two one stock split payable march record march reuter
warrington sells shoe divisions warrington inc said sold shoe divisions montreal based footwear inc undisclosed terms divisions manufacture distribute santana brand revenues mln dlrs last year warrington said said sale shoe divisions previous sale ski boot businesses result unspecified net gain warrington said plans concentrate sports group inc footwear division largest ice manufacturer distributor western world warrington said decided balance ski businesses expected result loss could net gains sales shoe ski boot divisions said acquisition expected increase annual sales mln dlrs make canada largest footwear manufacturer reuter
anglo american gold investment co ltd year feb shr cts vs pre tax mln rand vs mln net mln vs mln tax nil vs mln final div cts making cts vs div payable april register march reuter
abs adopts stockholder rights plan inc said board adopted stockholder rights plan intended protect event proposed takeover company plan stockholders receive dividend distribution one right share common stock held march rights exercisable ten days person group acquires pct common stock announces tender offer pct stock right entitle shareholder buy one newly issued share common stock dlrs reuter
fed buying one billion dlrs bills customer account fed says
northern air freight gets rejects bid privately held pilot air freight said met officials northern air freight inc try negotiate friendly acquisition northern northern management interest proposal northern annual revenues mln dlrs based seattle reuter
warburg pincus declines symbion bid warburg pincus capital co l p investment partnership said told representatives symbion inc would increase dlr per share cash price offered company filing securities exchange commission warburg pincus said one top executives also symbion director met april symbion financial advisor l f rothschild inc discussion offer warburg pincus said told meeting plans raise dlr bid told rothschild officials warburg pincus considers offered price fair one warburg pincus said last month warburg pincus launched tender offer buy mln symbion common shares reuter
sets split higher cash payout corp said board declared two one stock split increased quarterly cash dividend pct company said dividend pre split shares increased four cts three cts said split dividend payable may holders record april adding company shares outstanding split reuter
aus sells unit nv said sold assets equipment machinery division six mln dlrs investment group including unit management resulting modest pretax gain included first quarter results unit sales five mln dlrs reuter
co inc sets stock split co inc said board declared two one stock split payable may holders record april reuter
former herstatt dealer sued court rules former chief currency dealer herstatt bank collapsed foreign exchange speculation west germany biggest banking crash stand trial damages court ruled court claim case damages allowed long interval herstatt creditors seeking mln marks causing losses bank mln marks forward foreign exchange contracts crash private herstatt bank losses one billion marks west germany business community led tightening banking regulations losses even greater mln marks announced recently volkswagen result fraud currency transactions ivan herstatt managing director bank collapsed four half years appealed six people associated bank produced medical evidence caused might led take life reuter
rochester telephone rtc buy canton phone rochester telephone corp said agreed buy canton telephone co undisclosed terms canton serves customers northeastern penn operating revenues mln dlrs company said reuter
major realty corp th qtr loss shr loss cts vs profit cts net loss vs profit revs vs year shr loss cts vs profit cts net loss vs profit revs vs reuter
bancorp sets pct dividend bancorp said board declared pct stock dividend payable april shareholders record april three reuter
williams holdings says bidding mln stg norcros ordinary shares
imatron inc th qtr loss shr loss cts vs loss seven cts net loss vs loss sales vs avg shrs vs year shr loss cts vs loss cts net loss vs loss sales vs avg shrs vs reuter
interco inc th qtr shr cts vs cts
analysis technology inc hikes payout annual div cts vs cts prior pay april record march reuter
estimated drop japan corporate profits combined profits japan major corporations excluding financial institutions forecast fall pct year ending march compared pct decline projected late november research institute economics said private research body also said statement firms listed first section tokyo stock exchange foresee pct fall sales year pct fall estimated last november current profits projected fall pct sales seen increasing pct said rationalisation measures taken manufacturing industries cope yen sharp rise beginning business outlook institute said said lower interest rates expected reduce corporate borrowing costs also behind improved performance outlook earnings performance non manufacturing sector supported firm demand real estate construction businesses said forecast based average exchange rate estimates yen dollar yen reuter
crude oil prices stocks output fall u crude oil prices rose dlrs barrel week industry analysts said price could rise another dollar inventories fall opec keeping production cash market tight supply crude short transportation time major refining centers said daniel oil analyst smith barney harris upham co could send prices cts dollar higher added u benchmark crude west texas intermediate rose dlrs barrel today rise dlrs week rally oil prices week came prices fell february two dlrs high dlrs barrel oil traders prices assumption oil stocks building opec producing well mln bpd quota assumptions come question said yesterday international energy agency monthly report said oil stocks oecd area industrialized nations drawn mln bpd first quarter year iea estimates draw oil stocks first quarter year come largely oil companies whose inventory levels april one estimated mln tonnes days consumption industry analysts also said estimate mln bpd draw stocks made shell chairman peter holmes yesterday fed speculation major companies destocking traders said destocking come result called buyers strike kept refiners buying officially priced opec oil effort get organization offer discounts official price companies opec ultimate game chicken resolved relatively soon would middle month march general trading manager international oil company told reuters telephone interview part opec moved win game cutting excess supplies market reduction output traders said reuter survey estimates opec output mln bpd week also earthquake ecuador yesterday led suspend oil exports force majeure shipments reduce short haul bpd almost immediately longer suspension continues larger draw stocks companies expecting said international oil traders said short haul crudes north sea brent also asian refiners bought oil lot readily available mideast crudes earlier week pattern continues oil companies bid price oil purchase refineries trading managers several companies told reuters said long opec retain buyer resistance continues stephen chief economist commodity management said opec production lower saudi cut mln bpd could spell trouble gives members incentive exceed quotas added saudis picking tab members produce quota drain saudis continue forcing cut output maybe low mln bpd support dlrs average price added also signs opec crudes sold spot market opec official prices traders said oil traders said nigerian brass river sold delivery u gulf price related north sea brent traded week dlrs far official price dlrs similar quality bonny light iranian oil also u gulf far east reported discounts dlrs official price lot oil priced government government deals official prices probably one international trader said reuter
cable systems th qtr loss shr loss dlrs vs loss cts net loss mln vs loss revs vs year shr loss dlrs vs loss seven cts net loss mln vs loss revs mln vs note net losses included extraordinary losses th qtr vs year ago extraordinary losses year vs year ago reuter
cambridge analytical sees first qtr loss cambridge analytical associates inc said expects incur loss first quarter fiscal equal greater loss dlrs fourth quarter ended december cambridge said expects revenues first quarter approximately recorded fourth quarter ended december dlrs cambridge recorded profit dlrs revenues dlrs first quarter fiscal company said company attributed expected loss lower expected sales laboratory consulting business planned major investment proprietary treatment technology company said winter traditionally season reuter
dime savings bank payout qtly div cts vs cts prior pay april record april three reuter
u japan trade war yeutter says united states japan involved trade war despite u sanctions announced last week japanese semiconductors u trade representative clayton yeutter said judgement even close trade war yeutter told house agriculture committee hearing yeutter said japan takes action honor agreement u semiconductor trade retaliatory response last relatively short period yeutter said japan must stop dumping chips third countries buy american computer chips reuter
german public authority bundesbank holdings fall net position federal states first march week cutting public authority net holdings bundesbank mln marks central bank said states cash deposits central bank fell mln also drew billion marks book credit mln marks prior week contrast however federal government able reduce credit central bank mln marks mln despite stronger states net needs week cash position market dependent influences balanced outflow liquidity money market increase cash circulation bundesbank said cash circulation rose billion marks week billion liquidity also came maturing short term treasury bills bought bundesbank prior week gross currency reserves rose week mln marks billion foreign liabilities bundesbank largely unchanged billion marks giving rise net currency reserves mln billion said bundesbank said balance sheet total fell billion week billion reuter
u sugarbeet plantings seen rising representatives u sugar organizations said expect increase area planted year said prospects cane sugar crop also good carter president u beet sugar association said plantings may two major beet growing states california michigan sowings could slightly largest producing state minnesota overall carter predicted beet plantings would rise midwest coupled increases california would increase u sugarbeet plantings slightly mln acres last year usda later today releases first estimate u sugarbeet plantings prospective plantings report main reason expected increase beet sowings returns competing crops soybeans grains said carter midwest bankers strongly encouraging farmers plant u sugar program offers loan rate cents per pound payments farmers beet processors spread growing season said executive vice president american sugarbeet growers association banks putting lot pressure said areas waiting lists farmers seeking contract processors plant beets said usda report today include harvested area estimates sugarcane representatives florida hawaii louisiana growers said crop prospects good consultant representing florida texas cane growers said florida cane good start first time several years winter freeze although area last year cane production may florida year said hawaii area harvested may decline slightly year likely offset increased yields said vice president hawaiian sugar planters association acreage planted receive usual amount attention year mounting concern continued increases domestic sugar production threaten u sugar program industry sources said increases beet plantings especially caused concern among cane growers expanded plantings particularly hawaii industry officials said good weather year throughout beet cane areas five years said adding u may due good weather year rep jerry huckaby la chairman house agriculture subcommittee responsible sugar program threatened offer legislation next year curb domestic output growers fail restrain output reuter
sees th qtr charge medical inc said costs related previously announced plan consolidate life products operations colo expected total dlrs eight cts share fourth quarter ending april said costs including moving expenses severance pay future lease payments company said consolidate life products company headquarters manufacturing operations minneapolis reuter
nl industries inc nl set regular payout qtly div five cts vs five cts prior pay march record march reuter
electronics sees orders electronics inc said results operations third fourth quarter may comparable first second quarters strong orders new equipment six months ended jan company reported net income almost dlrs cts share sales rose pct mln dlrs company went public dec also said expects able fill back orders first two quarters improved supply computer chip components reuter
standard logic inc st qtr loss qtr ends jan oper shr loss cts vs profit cts oper net loss vs profit revs vs note oper net excludes loss discontinued operations vs loss prior qtr excludes tax carryforward prior qtr reuter
united medical sell unit united medical corp said reached definitive agreement sell hospital distribution unit group inc undisclosed terms closing expected next several weeks reuter
iranian oil minister algeria iranian oil minister gholamreza aqazadeh arrived head large delegation talks stabilizing oil prices official news agency aps said brief arrival statement said iran algeria engaged continuous stronger cooperation world petroleum market considerable efforts petroleum prices arrival algerian minister energy chemical petro chemical industries reuter
temporao cocoa crop effects prolonged dry spell coming temporao cocoa crop rising trade forecasts generally mln mln bag range mln mln ago trade sources told reuters state capital salvador despite scattered rains since mid february broke six week drought plantations picked hoped little cocoa expected gathered first three months may september crop sources said arrivals may july might reach around bags whereas normal years figure mln mln bags might expected arrivals start pick sharply current flowering gathered however sources noted late temporao always pod rot conditions turn cold likely late july year crop poor prices mean farmers encouraged invest also unlikely pod rot severe attack pod rot cause loss bags short period one source said increased exposure pod rot damage estimates final outcome temporao extremely vulnerable production could easily drop mln bag mark disease hits although flowering good following start rains pod setting expectations possibly drought caused drop population flowers sources said however reports farms indicate moisture levels generally back near normal levels current flowering pod setting good result mature fruit august september sources said expect break harvesting beans end temporao beginning main crop officially starts october cut date completely artificial things go well see heavy harvesting without break august november even december one said predictions mln bag temporao prove accurate would mln bag average past years last poor temporao prolonged drought later pod rot cut production mln bags lowest since good growing conditions following year produced temporao mln bags mln bag record last year output also suffered drought damage mln bags figures coming temporao might distorted upwards inclusion current main crop beans sources said large quantities beans believed year record total harvest unsure much would end official crop year april recent official arrivals figures inclusion beans delivered previously port warehouses declared high turnover beans year significant amounts deteriorated stored long back warehouses expected held early temporao arrivals official arrivals figures temporao main crops totalling mln bags seven weeks still go end year total least record mln bags production declared sources said would compare previous record set last year mln however way telling many current crop beans declared may start temporao thus true size harvest may never officially registered reuter
gulf resources chemical corp th qtr oper shr profit cts vs loss cts oper net profit vs revs mln vs mln year oper shr profit cts vs loss cts oper net profit vs loss revs mln vs mln notes operating net excludes loss dlrs cts share vs loss dlrs dlrs share quarter loss dlrs cts share vs profit dlrs dlrs share discontinued operations loss discontinued operations includes mln dlrs charge equal cts share provide additional liabilities resulting closure lead zinc silver mining smelting refining business year operating net includes pre tax gain mln dlrs equal cts share pension plan termination gain mln dlrs cts share reduction deferred taxes effective jan company changed oil gas accounting successful efforts full cost increasing year net mln dlrs cts share increasing loss mln dlrs cts share cumulative effect change decrease retained earnings dec mln dlrs reuter
correction march yugoslav trade falls item yesterday yugoslav trade falls st qtr year ago please read page one year current exchange rates used first time instead fixed rate dinars dollar corrects reuter
tele communications sells cable systems knight inc said cable co joint venture tele communications inc signed letter intent acquire cable television systems basic subscribers n j n tele communications undisclosed terms reuter
genetics research st qtr periods ended december shr loss cts vs loss seven cts net loss vs loss revs vs reuter
vernitron corp th qtr year loss oper shr loss cts vs loss cts oper net loss vs loss revs mln vs mln mths oper shr loss cts vs profit cts oper net loss vs profit revs mln vs mln note qtr prior qtr excludes loss discontinued operations respectively year prior excludes loss discontinued operations respectively qtr year excludes tax loss loss respectively qtr year prior excludes tax gain respectively reuter
medical centers inc payout qtly div two cts vs two cts prior pay april record april three reuter
wright says gas tax option cut deficit house speaker jim wright said gasoline tax one option finding way reduce deficit told reporters response question try dictate solution debt problem wright made suggestions raising taxes billion dlrs part budget plan reduce deficit tax proposals given consideration members house budget committee details tax increase would made tax writing house ways means committee reuter
interconnect offers buy gates learjet interconnect capital corp said sent letter board gates learjet corp offering buy company dlrs share gates corp owns pct gates learjet agreed earlier week sell shares partnership formed privately held corp unit bear stearns cos inc dlrs share mln dlrs proposal subject approval gates learjet board spokesman privately held interconnect said made new proposal gates learjet board would say held talks parent company board reuter
arco sells two operations atlantic richfield co said sold plan cell research institute unit arco seed co operations two transactions undisclosed prices company said sold calif based plant cell research spa milan italy arco seed co u f genetics calif atlantic richfield said divestitures line policy focusing resources oil gas chemical coal operations reuter
san diego gas sees decision hurting net san diego gas electric co said california public utilities commission decision reconsider allowing mln dlrs mln dlrs san nuclear station costs makes likely earnings reduced least cts per share company said decision mln dlrs changed earnings would another cts reuter
world group net profit mln marks vs mln div marks
inc sets quarterly qtly div cts vs cts prior pay may record may one reuter
canada outlines gatt agricultural reform plan canadian trade minister pat carney said agricultural policies hurt world international trade therefore become price responsive time told delegates informal meeting trade ministers one five principles canada wanted adopted reforming agriculture general agreement tariffs trade gatt support agriculture avoid production incentives countries freeze seek reduce government aid measures distorted world prices carney said carney said fourth principle countries introduce new import barriers existing legislation fifth basic principles must implemented collectively carney later told reuters canadian guidelines basically compatible seven point australian proposals announced switzerland january european trade sources said conference welcomed canadian initiative delegates european community voiced reservations principles carney said lot political among ministers complete uruguay round gatt four years also done balanced way consensus view proceed fast broad front see areas emerge get early conclusion said however meeting identify areas carney said said canada u bilateral trade negotiations must concluded least draft form october progressing well reuter
major tin centers paralysed bolivia union says strike miners employed state corporation comibol paralysed tin production major centers conflicts secretary bolivian miners federation told reuters strike began midnight press demands higher wages funds nationalised mining industry miners federation left door open negotiations government authorities show intention find solution demands said government president victor paz estenssoro faced mounting social unrest economic policies said miners strike part campaign visit west german president richard von weizsaecker today four day official visit government salaries part efforts pull bolivia deep economic crisis according central bank forecasts inflation reach annual pct rate versus pct addition miners strike railway factory workers bolivian labour organization cob began second day hunger strike country main cities press substantial wage increases union leader said reuter
bank board says mortgage rates february federal home loan bank board said interest rates fixed rate rate home mortgage loans substantially early february bank board said average effective commitment rate fixed mortgages maturity least years new home purchases dropped pct early february basis point decline early january commitment rate rate mortgages declined basis points period bringing average rate pct bank board said average effective interest rate loans closed major lenders declined basis points early january pct early february lowest rate since march bank board said average effective rate fixed mortgages pct basis points early january level average effective rate rate mortgages declined basis points pct bank board said reuter
u credit market outlook mini refunding new u treasury supply welcome prospect credit market least week offerings provide focus economists said banks mutual funds cash put work auctions life market said economists merrill lynch capital markets inc treasury place billion dlr package two year four year seven year notes sales block week mini refunding raise billion dlrs new cash comprises billion dlrs two year notes auction tuesday billion dlrs four year notes wednesday billion dlrs seven year notes thursday market also faces regular weekly three six month bill auction today amounting billion dlrs mini refunding come particularly time market bond prices narrow range u economic outlook chances change federal reserve board policy stable dollar moreover bond market inertia compared activity taking place high yield markets overseas like u k well u equities according merrill lynch economists signs u bond market lifting bit customer activity light buy side marked absence selling said weekly report philip braverman irving trust securities inc believes banks snap two four year issues week sales banks need investments provide earnings though yield spread cost carrying maturities wider still positive said weekly market review economists agreed even auctions generate enough impetus major move come overseas markets run based last week events little indicate yield begun said economists salomon brothers inc indeed talk last week japanese investors planning weight portfolios favour higher yielding markets start japan new fiscal year april traditionally japanese big buyers shorter dated issues offer week u auctions reports undermine market confidence even actions british australian canadian monetary authorities curb rise currencies also enhance respective bond markets salomon brothers economists said meanwhile releases unlikely u market unless widely expectations economists said week economic calendar begins tuesday february durable goods orders economists expect rebound january depressed levels peter smith barney harris upham co said several areas including transport equipment back decline military capital goods cap total new orders forecasts rise two pct january pct slump economists foresee gain large five pct friday consumer price report february expected show increase pct pct january gain economists said energy prices driving force behind january rise rose moderately last month food prices declined meanwhile economists warned federal funds rate subject volatility weeks ahead due approach quarter end mid april tax date economists expect fed bill pass week adding requirement increases sharply new statement period beginning thursday fed funds traded pct late friday expected open near level reuter
plains posts reserves increases plains resources inc said december estimated proved oil gas reserves rose pct mln barrels mln barrels proved developed reserves rose pct four mln barrels mln barrels year ago company said year end reserves include oil gas reserves houston oil fields co recently agreed merge pending shareholder approval mid april approved merger add another mln barrels company reserve base reuter
sigma mines details gold ore reserves sigma mines quebec ltd pct owned dome mines ltd said sigma mine proven probable reserves end tons average grade ounces gold ton sigma said reserves equivalent years future production current milling rates reserves comprise tons proven reserves grading average ounces gold ton tons probable reserves grading average ounces gold ton sigma said changed reserve reporting method following dome mines previously reported move adopt general industry practice reporting proven probable ore reserves prior sigma reported proven reserves could mined without future development costs proven reserves december tons grading average ounces gold ton equivalent two years future production reuter
shell francaise returns profit shell francaise pa subsidiary shell petroleum nv returned black last year first time since parent company net profit mln francs losses mln billion posted profit mln company said statement cash flow improved strongly although remained negative mln francs billion due largely improved main profit centres said results could even better collapse refining sales profit margins last quarter year shell sold mln tonnes oil products mln tonnes company said results line targets second year three year recovery programme meanwhile societe shell said also returned profit first time since posting net profit mln francs loss mln details available reuter
n z december quarter retail sales fall pct retail sales quarter ended december fell seasonally adjusted pct compared pct rise september quarter pct fall year ago period statistics department said actual retail sales december quarter totalled billion n z dlrs compared billion previous quarter billion year ago period largest december quarter recorded stores recorded highest increase sales september quarter introduction pct value added goods services tax october reuter
international buys stake baltic international holding ab overseas swedish insurance group ab st said buying pct share london quoted property financial services company baltic plc financial details given baltic turnover mln stg total assets mln stg controlled norwegian finance company retain pct stake british unit said statement deal subject formal approval swedish central bank statement added reuter
german exporters ministry firms need pessimistic export prospects even though foreign markets become difficult mark strength economics ministry said ministry parliamentary state secretary von told business conference german exports could start rising real terms lower export trend emerged mid even turnaround occur would need worry economy long weakness exports affect currently good domestic demand von said consumer demand remained quite good noted cooling investment climate certainly reason heightened steps said best way bonn help exporters work actively promote free world trade added von said economy still good export opportunities price alone factor international competitiveness said adding german firms reputation high quality standards prompt delivery times good service von said government difficult position trade figures faced international pressure reduce trade surplus west germans worried effect mark strength country exporters reports trade surplus especially overseas tended concentrate nominal trade figures rose record billion marks said rise due entirely lower value imports caused decline dollar oil prices german exports fact falling real terms sometime said reuter
oil firms cut indonesian exploration spending foreign oil companies spend less exploration indonesia year last billion dlrs calendar spending billion dlrs state oil company pertamina said actual spending last year fell short figure billion dlrs oil companies expenditure crash world oil prices head pertamina board foreign contractors said foreign companies drill exploration wells development wells year last year reuter
dravo first quarter loss dravo corp said expects first quarter loss cts per share compared year earlier profit one ct said operating earnings may match earnings cts per share continuing operations dravo far year engineering construction segment met earlier expectations said first quarter writedowns resulting revised estimates costs required complete projects delays starting work jobs originally contribute first quarter earnings dravo said given investor group buying dravo river transportation pipe businesses additional time structure necessary financing closing expected third quarter reuter
citgo raises crude postings cts today wti dlrs bbl
bundesbank leaves credit policies unchanged bundesbank left credit policies unchanged today regular meeting council spokesman said answer enquiries west german discount rate remains pct lombard emergency financing rate pct reuter
pharmaceuticals inc st qtr oper net qtr ended feb oper shr cts vs cts oper net vs revs mln vs mln note oper data include year ago extraordinary gain dlrs eight cts per shr reuter
german retailers expect good west german retailers expect another good year even though able repeat sharp increase turnover enjoyed general association german retail trade said president said retailers would satisfied real turnover increase pct three pct last year steep pct rise said turnover increase brought first signs improvement earnings west german retail sector reuter
cyclops cyl holder withdraws takeover motion dixons group plc battle cyacq corp control cyclops corp said cyclops shareholder agreed withdraw motion u district court prevent dixons completing tender offer cyclops expires est today dixons name shareholder disclose holder stake cyclops reuter
becor western gets offer acquired new group dlrs share
union carbide emerges french bid spain bid francs share french chemicals group duffour et igon franc bid announced yesterday union carbide france french subsidiary u chemical giant union carbide corp uk n stockbrokers said duffour et igon capital comprised shares nominal value francs shares last quoted francs january banque paribas act union carbide france bid led rothschild et banque duffour et igon shares suspended april resume trading april reuter
wichita buy fountain oil wichita industries inc said agreed buy fountain oil gas inc wichita said acquire outstanding shares fountain exchange mln newly issued wichita common shares wichita presently mln shares outstanding transaction calls issuance shares wichita common outstanding fountain share wichita also said made number refinancing agreements connection acquisition reuter
china sugar output seen lower usda china sugar crop revised mln tonnes raw value four pct previous forecast five pct previous season u agriculture department said world production trade report department attributed decline relatively poor profitability sugar causing harvested area cane beets decline seven pct beet sugar production estimated tonnes five pct less earlier forecast five pct previous season cane output projected mln tonnes four pct previously forecast five pct previous season said reuter
rabbit software make acquisition rabbit software corp said agreed principle acquire privately held communications hardware maker micro plus ii corp two mln common shares closing expected may reuter
aero services international inc year shr loss cts vs profit cts net loss mln vs profit revs mln vs mln note net loss includes loss mln dlrs cts share discontinued operations revenues include revenues last eight months aviation acquired september year ended september reuter
newport pharmaceuticals rd qtr loss period ended january shr loss six cts vs profit one ct net loss vs profit revs vs avg shrs vs nine mths loss nine cts vs loss five cts net loss vs loss revs vs avg shrs vs note full name newport pharmaceuticals international inc reuter
acquire canadian firm corp said agreed purchase industries ltd canadian wood window door manufacturer undisclosed amount cash said expects close transaction june reuter
american co st qtr net qtr ended march shr profit cts vs loss dlrs net profit vs loss rev mln vs mln note qtr net includes extraordinary gain mln dlrs reuter
renouf extends benequity holdings offer repeat new york march renouf corp international said extended expiration offer pay dlrs unit buy outstanding units benequity holdings california limited partnership march march march renouf said units tendered renouf pointed exceeds minimum number sought offer statement gave reason benequity mln units outstanding reuter
u justice department reviews icahn usair filing u department justice reviewing whether trans world airlines inc twa chairman carl icahn violated federal antitrust law failing seek advance clearance federal trade commission extensive open market purchases usair group inc u stock official told senate panel matter looked charles rule acting assistant attorney general antitrust told senate committee antitrust subcommittee rule declined comment review continuing rule responding panel chairman howard ohio asked department acting appears clear violation law said icahn failed file pre merger notification form ftc prior purchasing mln dlrs worth usair stock rule said airline companies purchaser would exempt requirement instead filed merger application u department transportation icahn filed application dot filing thrown dot friday dot application late friday grounds lacked necessary data government review proposed usair takeover bid icahn complete application form monday rule pledged act icahn twa violation found reuter
swire pacific ltd swpc hkg year shr h k cents vs adjusted shr b cents vs final div cents vs making vs adjusted final div b cents vs making vs net billion dlrs vs billion turnover billion vs billion note net profits excluded extraordinary gains billion dlrs vs mln non earnings mainly derived firm sale pct stake cathay pacific airways ltd caph hkg april note earnings per share dividends adjusted firm two one bonus issue made april note bonus issue one five b shares two one note dividends payable june books close april note net asset value per share dlrs vs per b share dlrs vs reuter
group st qtr feb net shr cts vs cts net vs sales mln vs mln per share figures adjusted two one stock split february reuter
new harding group sets first payout since new harding group inc formerly harding ltd said declared first dividend since fiscal cts per subordinate voting share multiple voting share pay april record april company said dividend new policy payment quarterly dividends new harding earlier reported profit dlrs cts share first quarter ended january said prior results comparable due company november acquisition pct stake continuous colour coat ltd reuter
shops inc sets stock split shops inc said board declared pct stock dividend increase quarterly dividend four cts cts split company said split payable april holders record march dividend increase effective april payment said reuter
eagle inc nd qtr jan shr profit cts vs profit cts net profit mln vs profit revs mln vs mln six months shr profit cts vs loss cts net profit mln vs loss revs mln vs mln note six months includes increase provision doubtful accounts mln dlrs shares give effect issuance mln shares exchange outstanding series preferred shares reuter
industries inc th qtr loss shr loss five cts vs loss cts net loss vs loss sales vs avg shrs mln vs mln year shr loss four cts vs loss cts net loss vs loss sales mln vs mln avg shrs mln vs mln reuter
att sets payout regular dividend qtrly div cts vs cts prior pay may one record march reuter
nippon life shearson tie seen setting trend nippon life insurance co mln dlr purchase pct stake shearson lehman brothers inc brokerage unit move japanese insurers likely follow securities analysts said investment one wall street top brokerage houses likely pay dollars international market position said part trend towards growing capital participation japanese insurance firms foreign financial institutions said simon smithson analyst kleinwort benson international inc tokyo investment shearson lehman growing firm described analysts top u retail brokerage give nippon life seat possibly lower commissions wall street invests increasing percentage assets billion dlrs said nippon life staff also acquire expertise business sectors yet opened japan added agreement two companies calls joint venture london investment advisory asset management market research consulting financing nippon life japan largest insurance company world biggest institutional investor analysts said japanese finance ministry expected approve deal april making nippon life first japanese life insurance firm take stake u financial firm limit foreign assets proportion japanese insurers assets increased pct pct last year since stepped purchases foreign stocks sought foreign markets instruments last year sumitomo life insurance co official appointed e f hutton group inc unit e f hutton co board sumitomo bank ltd spent mln dlrs become limited partner goldman sachs co smithson said japanese banks started buying smaller problem banks japanese going blue chip organisations said reflection happened manufacturing industries said brian james capel co historically high yen historically low interest rates increasing invest japan competition fund management grown along greater japanese savings salaried employee mln yen savings reflecting annual average savings rate pct said stay competitive fund managers must invest overseas gain experience financial instruments likely spread japan deregulation high regulatory environment delayed life insurance firms diversification growing number new products environment increasing competition performance fund management smithson said reuter
diplomat electronics cut costs diplomat electronics corp said reduce expenses four mln dlrs year effort stem losses return positive net worth company also said certain lenders agreed take pct stake company converting seven mln dlrs debt preferred stock diplomat said cut costs several means including dismissal workers corporate headquarters consolidation shipping operations reduction management salaries moreover said relocate headquarters calif reuter
ccr video corp st qtr nov net shr profit two cts vs loss cts net profit vs loss revs vs reuter
sets split corp said board declared stock split paid pct stock dividend april shareholders record april result number shares outstanding increase mln mln maker industrial equipment said reuter
bally manufacturing said considering sale six flags
properties dividend miss may qtly div cts vs cts prior payable april record april note company paid cts special dividend along prior quarter dividend reuter
american express axp shearson rumors american express co climbed rumors company announce agreement sell pct shearson lehman brothers unit nippon insurance japan traders said speculation deal rumored worth mln dlrs also sent shares u sharply painewebber group inc pwj gained merrill lynch co inc mer rose american express officials declined comment cited statement released two weeks ago said studying matters strategic importance american express officials also pointed earlier statement issued march one said company policy comment rumors speculation earlier announcement also said american express shearson studying options including expansion capacity meet international competition access capital latest rumors tokyo traders said rumors true gives nice infusion capital attractive price said lawrence eckenfelder analyst prudential bache securities reuter
acquires equity protein protein inc said corp venture capital subsidiary acquired equity position company protein said intend establish relationship details disclosed amount investment protein reuter
bundesbank sets day securities repurchase tender fixed pct
lord abbett co declares mutual fund divs lord abbett value appreciation fund annual div cts vs cts prior long term capital gain vs cts prior short term capital gain cts vs cts prior pay april record march lord abbett u government securities fund daily div cts vs cts prior pay april record april lord abbett tax free income national series daily cts vs prior pay april record april lord abbett tax free income fund ny series daily cts vs cts prior pay april record april lord abbett tax free income fund texas series daily cts vs cts prior pay april record april lord abbett california tax free income fund daily vs cts prior pay april record april reuter
hk bank expected post pct profit rise hongkong shanghai banking corp hkbh hk likely show rise profit pct reflecting stronger expected loan growth share analysts polled reuters said estimates bank net earnings last year ranged billion h k dlrs results announced tuesday net profit billion forecast final dividend cents total cents year cents adjusted one five bonus issue analysts said expected bank recommend bonus issue year probably one three one five bank pct subsidiary hang seng bank ltd hk report results friday analysts expect hang seng announce net profit one billion dlrs first time increase pct expect hang seng pay final dividend dlrs total dlrs year analysts said use undisclosed reserves banks makes forecasting hongkong bank benefited unexpected strength hong kong economy gross domestic product grew nearly nine pct initial forecast pct benefited considerably pickup loan demand loan portfolio well balanced analyst house securities f e ltd said government figures show total loans advances rose pct compared pct increase loans finance hong kong visible trade mainstay local economy rose pct decline five pct low interest rates also helped bank interest received loans low prime rate pct end interest paid savings two pct hongkong bank hang seng bank control half deposits banking system giving access large base low cost funds strength real estate market another major income source bank group loans finance property development instalment mortgages rose sharply hongkong bank group still leader mortgage business despite tough competition bank china group foreign banks one analyst said high level activity capital equities markets contributed sharp improvement hongkong bank subsidiaries ltd hk james capel co analysts said tremendous year acting financial adviser underwriter analyst said underwriter last year billion dlr flotation cathay pacific airways ltd hongkong bank owned pct time bank stake since cut pct return billion dlrs also sold entire pct stake south china morning post ltd larger two english language daily newspapers billion dlrs proceeds go reserves acquisitions show profit loss accounts analysts said analysts said bank also helped reduced need write bad debts need provisions much lower year said tony hong securities co ltd last year profits billion dlrs huge provisions former hongkong bank chairman michael said bank wrote hundreds millions dollars shipping exposure county securities asia ltd said saw major shipping writeoffs forecast profit billion dlrs bank latin american exposure mainly pct owned marine midland banks inc mm appears improved substantially analysts said marine midland fourth quarter loan loss provisions fell mln u dlrs mln year net profit rose mln u dlrs mln reuter
solar systems inkey spain set pact solar systems inc said agreed buy pct interest company sell condoms produced inkey sa spain said used inkey condoms contains ingredient may help prevent transmission aids ingredient cited article west german publication aids said article ingredient mention condoms made inkey company also said changing name corp shortly solar systems said buying pct stake u based europharmaceutical co inkey affiliate remaining shares company set distribute condoms products made developed inkey agreement calls two mln dlr payment inkey first dlr payment due days products approved food drug administration said europharmaceutical plans soon file fda market expects approval process lengthy one company said active ingredient currently used u applications unrelated condoms far knows ingredient tested inkey condoms sold u brand name carlton exclusive distribution contract products runs three years one year periods company said said condoms currently sold spain gone sale european countries said europharmaceutical currently resources make payments distribution agreement fund studies necessary obtain marketing approval fda company also said europharmaceutical talks acquire either one publicly held companies little assets event acquisition goes solar systems interest europharmaceutical would diluted current pct reuter
pacific corp rd qtr jan shr cts vs cts net vs revs mln vs mln avg shrs vs nine mths shr cts vs cts net vs revs mln vs mln avg shrs vs reuter
asarco lowers copper price cts cts asarco inc said decreasing domestic delivered copper cathode price cents cents lb effective immediately reuter
consolidated realty trust net th qtr shr cts vs eight cts net vs one mln year shr cts vs dlrs net vs mln note net includes loan loss provisions cts shr vs cts quarter cts shr vs cts year reuter
swiss banker wants bond ratings share disclosure top swiss banker called continuous rating swiss franc bonds said believed anyone buying five pct company made declare share comments news conference holding ag chairman hans said believed banks self regulating bodies swiss board take action governmental bodies stepped decline average quality borrowers swiss franc market debate use registered shares prevent takeovers made major issues among bankers noted many borrowers already came market ratings major u agencies readily available specialised information systems make publish places easily lay people said quick changing nature financial market meant ratings also said also noted recent years seen companies worried takeovers increasingly issuing registered shares participation certificates rather bearer shares however types issue said recent attempt jacobs suchard ag z take z shown limits pledge banks sell registered shares someone eligible according company excessive issue participation certificates carry voting rights would also contrary principle greater new share law parliament people buying example five pct company shares made declare purchase said reuter
rotterdam signs cooperation agreement tokyo city rotterdam today signed agreement principle cooperate cargo distribution centre tokyo acting den said cooperation private public entities tokyo rotterdam area exchange information favourable influence flow goods services two countries cargo distribution center start operating october year signed similar agreement rotterdam port seattle last september reuter
planters corp st qtr net shr cts vs cts net vs reuter
federal realty investment trust payout qtly div cts vs cts prior pay april record march reuter
john adams life corp th qtr loss oper shr loss cts vs profit cts oper net loss vs profit revs vs avg shrs vs year oper shr profit nil vs profit dlrs oper net profit vs profit revs mln vs mln avg shrs vs note net excludes realized investment gains dlrs vs dlrs quarter dlrs vs dlrs year net periods excludes dlr extraordinary gain reuter
foreign firms hope join japan telecom company president international telecom japan inc itj one two rival firms seeking enter japan international telecommunications market said offer stake company foreign firms declined specify share firms would take told reuters would participate management itj international digital communications planning inc idc cable wireless plc pacific telesis group pct stakes set merge new entity compete kokusai denshin denwa co ltd reuter
medar acquires owens illinois unit medar inc said acquired automatic inspection devices inc subsidiary owens illinois inc toledo ohio exchange stock pct company automatic designs manufactures line machine vision systems packaging pharmaceutical electronics consumer goods industries reuter
dutch official warns trade conflicts already strained relations u european community ec likely get worse get better director general dutch economics ministry foreign affairs division frans said speaking american chamber commerce hague noted developing history steel citrus pasta warned come consider tone us airbus ill advised ec fats oils tax proposal dangerous said feel shall probably deal quite foreseeable future us congress clearly determined get american balance payments better risks greater ec constraints meeting outside pressure noted ask whether perhaps inevitable keep pushing brink actual trade war think answer probably yes said order reduce tensions decision making ec must become less self centred us administration exercise authority convince congress pressure groups need added reuter
privatise state bank government said privatise state owned bank country second largest parliament also granted mln crown cash infusion ease cash flow problems arose bank lost mln crowns shipping firm bankruptcy two years ago director told reuters decision privatise bank relief foreign banks already expressed interest taking share quarter one billion crown total share capital available foreign investors government officials said reuter
inc rd qtr jan net shr profit one cts vs profit four cts net profit vs sales vs nine mths shr loss four cts vs profit nine cts net loss vs profit sales vs reuter
total systems services st qtr net shr nine cts vs seven cts net vs revs vs reuter
h k money supply rises pct february hong kong broadly defined money supply rose pct february billion h k dlrs january rose pct government said total rose pct february local currency rose pct billion dlrs january pct year total rose pct billion dlrs february january increased pct local currency rose pct billion dlrs last month rose pct january total local rose pct pct respectively february total fell pct billion dlrs february pct rise previous month local dropped pct billion dlrs january rise pct year year growth total local pct pct respectively total loans advances rose pct billion dlrs january pct however loans financing hong kong visible trade fell pct billion dlrs pct rise previous month reuter
plans two one stock split inc said planned two one common stock split subject shareholder approval may annual meeting said split approved would take effect may manufactures sells wood doors reuter
u k jan industrial output rises pct manufacturing pct official
nakasone conciliatory note chip dispute prime minister yasuhiro nakasone sounded conciliatory note japan increasingly bitter row united states trade computer microchips japan wants resolve issue consultations explaining stance thoroughly correcting points need corrected quoted news service saying expressing regret america decision impose tariffs imports japanese electrical goods nakasone said tokyo willing send high level official washington help settle dispute government officials said japan would make formal request next week emergency talks two sides would probably meet week days april deadline set washington tariffs take effect tokyo expected propose joint u japan investigation american claims japanese companies dumping cut price chips asian markets friday washington announced plans put much mln dlrs tariffs imports certain japanese electronic goods retaliation sees tokyo failure live bilateral chip pact reuter
occidental oxy unit sells division occidental petroleum corp occidental corp said sold process chemicals division acquired part september purchase diamond shamrock chemicals henkel kgaa west germany terms disclosed division makes specialty industrial chemicals said later industry sources said division worldwide sales mln dlrs last year sold mln dlrs reuter
baker sees billion dlr drop trade gap treasury secretary james baker said expected u trade deficit fall billion billion dlrs commenting deficit interview cable news network baker said think going see billion dlr reduction year deficit billion dlrs baker noted benefits weaker currency take months affect trade balance said months since plaza agreement lower dollar value reuter
spain reserve requirements statement bank spain spokesman qualified bank statement announcing extension reserve requirements convertible peseta funds held banks saying move applied future rises current balances pct reserve requirement applied increases bank convertible peseta funds spokesman said convertible peseta funds previously exempt reserve requirements spokesman said measure intended curb short term foreign speculative capital threatened government money supply growth target reuter
allied lyons sees hiram walker profits rising allied lyons plc sees rising profits pct owned liquor producer hiram walker gooderham current fiscal year ending early march chairman holden brown said speech prepared delivery toronto analysts anticipate hiram walker profits well years said referring four years words position improved holden brown said allied lyons control hiram walker gooderham last year battle gulf canada corp finally got pct stake court settlement hiram walker resources ltd previous owner reported liquor profits mln canadian dlrs fiscal year ending sept mln dlrs mln mln mln holden brown said allied lyons financial results fiscal year ended march seven would include three months hiram walker gooderham profits provide actual figures said hiram walker gooderham profit improvement current year come previously announced reorganization put effect march close partnership allied lyons existing allied division reuter
trump makes bid control resorts casino owner real estate developer donald trump offered acquire class b common shares resorts international inc spokesman trump said estate late resorts chairman james crosby owns class b shares resorts also class common shares outstanding class b share times voting power class share giving class b stock pct resorts voting power
wilshire chief named jacobs board wilshire oil co texas pct stake jacobs engineering group inc said chairman appointed board filing securities exchange commission wilshire holds jacobs common shares said appointed jacobs board directors march company annual shareholder meeting wilshire also said jacobs chairman joseph jacobs agreed recommend second wilshire nominee election board person found qualified reuter
first wisconsin nat l bank hikes prime rate first wisconsin national bank said raised prime rate pct pct effective today reuter
baker says stands paris currency agreement treasury secretary james baker said stood paris agreement among leading industrial nations foster exchange rate stability around current levels would refer paris agreement recognition currencies within ranges broadly consistent economic fundamentals baker told cable news network interview quite satisfied agreement paris otherwise would party said baker also noted nations agreed accord co operate foster greater exchange rate stability around levels refused comment directly current yen dollar rate said foreign exchange markets recently tended draw say baker quoted british television weekend saying target u currency statement triggered week renewed decline dollar think paris agreement represents evidence international economic policy co alive well baker said treasury secretary stressed however important main surplus countries grow fast could consistent low inflation resolve trade imbalances added federal reserve board chairman paul volcker also suggesting main trading partners grow fast baker noted j delayed beneficial effect weakening currency country trade balance takes months work way trade deficit months since plaza agreement lower dollar value also said improvements trade deficit come sources besides exchange rate pointed administration package improve u competitiveness congress reuter
nigeria guinea set iron ore firm liberia nigeria guinea agreed set new company liberia carry year old iron ore project official communique said communique issued two days talks natural resources minister nigerian minister mines power originally guinea held pct project nigeria pct firms several countries also involved project ran problems funding slump world iron ore markets said liberia invited join share decided project feasibility study would completed may finance sought officials said study undertaken help world bank also expected give financial support production originally estimated mln tonnes year mln initially expected begin early agreement two countries prospect uranium guinea communique said agreed poor market conditions would extended cover exploration gold nickel silver reuter
gaf gaf seeks borg warner bor gaf corp said made cash merger proposal borg warner corp dlrs per share company common stock following meeting yesterday borg warner officials investment bankers gaf said today letter borg warner board terms proposal would made tender offer pursuant mutually acceptable merger agreement approved borg warner board conditioned board recommendation tender offer merger gaf letter stated intends finance proposed acquisition entirely funds bank borrowings syndicated bank loan group banks led chase manhattan corp cmb chase manhattan bank last week gaf increased ownership borg warner shares pct outstanding minstar inc sold pct holding gaf emphasized nature proposed transaction characterized partnership gaf said wanted discuss borg warner board key borg warner senior management new organization board representation borg warner directors newly board company name change gaf said filing amendment u securities exchange commission borg warner mln common shares outstanding minstar chairman irwin l jacobs sold stake borg warner company failed respond mid february offer negotiated agreement minimum price dlrs share november jacobs offered enter acquisition talks borg warner based price dlrs share reuter
corrected major swiss banks raise customer time deposit rates point pct credit suisse
wickes cos inc th qtr shr loss two cts vs profit cts
black complete acquisition black corp said completed contractors planning group inc exchange shares contractors headquartered garden city n branch offices philadelphia boston conn reuter
hotels nv rd qtr net shr profit cts vs profit cts net profit vs profit revs mln vs mln nine mths shr loss cts vs loss cts net loss vs loss revs mln vs mln note nine months fiscal includes extraordinary gain cts per share reuter
n z february current account deficit mln v mln jan
borman buy safeway utah division safeway stores inc said agreed sell assets operations salt lake city division borman inc undisclosed terms division includes operating supermarkets five states utah idaho wyoming together distribution manufacturing facilities safeway said said sales division year ended january three mln dlrs safeway also said transaction subject borman ability obtain financing successfully negotiate new labor agreements various unions involved reuter
technologies inc year dec net shr cts vs cts qtly div six cts vs six cts prior net vs revs mln vs mln note net includes one time charge dlrs five cts share boat products qtly div payable april shareholders record march reuter
nwa inc nwa th qtr net shr profit cts vs loss nine cts net profit mln vs loss two mln revs billion vs mln year shr profit dlrs vs profit dlrs net profit mln vs profit mln revs billion vs billion reuter
mexican first qtr crude exports seen dlrs average price mexico crude oil exports first quarter dlrs per barrel according preliminary figures issued press release state oil company petroleos mexicanos pemex gave direct comparison year ago figure said crude products sales expected rise billion dlrs quarter mln dlrs higher expected pct better year ago quarter prospects second quarter relatively favourable crude exports seen mln bpd expected mln month february mln january reuter
french inflation slows february french inflation slowed february pct pct january national statistics institute insee said retail price index showed year year rise pct three pct january insee official said final figure february would released later month january rise government forced revise inflation target pct year year initial target two pct pct finance minister edouard balladur said half january rise due higher oil prices forecast february slowing reuter
fhlbb changes short term discount note rates federal home loan bank board adjusted rates short term discount notes follows maturity new rate old rate maturity days pct pct days days pct pct days days pct pct days days pct pct days reuter
wall street stocks purolator courier pcc purolator courier corp stock jumped dlr per share takeover offer emery air freight corp eaf traders said purolator trading offer price emery offer tops dlr per share buyout agreement e f hutton lbo inc reached purolator february offer expired today neither hutton purolator immediate comment probably speculation might another offer said one analyst reuter
sets preferred purchase rights corp said board declared dividend distribution one preferred share purchase right outstanding common share payable holders record april rights expire years later entitle shareholders buy one share new series preferred exercise price dlrs rights exercisable one acquires pct common announces offer would result ownership pct stock said board entitled redeem rights two cts per right time pct position acquired rights become exercisable company said held shareholders owner pct stock entitle holder purchase number common shares market value twice right exercise price reuter
southwestern energy arkla set pact southwestern energy co said reached agreement arkla energy resources arkla carry gas owned southwestern subsidiaries agreement interstate pipeline division arkla inc carry mln cubic feet gas day dec subject capacity mln cubic feet day mln feet day rest pact payment terms vary depending type service provided southwestern spokesman said deal effective march one expires july one yearly thereafter said pact calls transmission gas owned arkansas western gas co inc arkansas gas gathering co southwestern energy production co southwestern energy said reuter
pennzoil sees lower st qtr net unusual item year ago loss cts
engineers inc qtly dividend qtly div four cts vs four cts prior pay april record march reuter
allegheny ag shareholders file suit allegheny international inc agreed merge jointly formed first boston inc affiliate deal worth mn dlrs said shareholders preferred stock filed class action complaint company complaint alleges among things company board agreed pay first boston illegal seven mln dlr fee received higher offer company prior buyout suit fee allegheny ability attract offers take actions would benefit holders preferred stock complaint also alleges federal securities laws violations breach fiduciary duty suit requests injunction proceeding pending offer made sunter acquisition acquire allegheny sunter acquisition corp sunter holdings corp formed first boston allegheny allegheny said sunter concerns intend vigorously defend complaint charges complaints filed robert parties believed shares allegheny preferred stock reuter
taft tfb rejects dlr shr offer taft co said board directors unanimously decided accept pending buyout proposal theta corp investor group led dudley taft decision based among things advice financial advisors goldman sachs co offer dlrs per share inadequate taft said board concluded offer failed recognize fully future company directed management explore alternatives including possible financial restructuring reuter
auditors lift qualification ps indiana auditors public service co indiana inc lifted qualification effect two years financial results according company annual shareholders report report qualified auditors arthur andersen co questioned utility ability recover costs hill nuclear power plant extend maturity credit agreement company wrote mln dlrs hill costs november repaid final mln dlrs debt october said reuter
economic spotlight ems marks eighth european monetary system marks eighth anniversary still vulnerable turmoil world money markets despite creating island currency rate stability europe economists say many economists say system holds eight european community currencies within narrow fluctuation remains new currency european currency unit ecu success investors borrowers seeking alternative volatile dollar wednesday long term vision ecu europe common currency took step nearer becoming reality belgium world first ecu coin economists say members west germany far blocked second stage development envisaged system ex west german chancellor helmut schmidt former french president phase originally due started two years ems set decision making transferred national governments central banks european monetary fund members sovereignty economic monetary matters basic problem ems governments prepared make quantum situation certain decisions taken common said one economist closely watched system development result ec often divided policy third currencies economists say system greatest weakness weak dollar past months u dollar plunged investors moved strong currencies resulting sharp rise west german mark severely strained system another frustration britain failure lend ems political support keeping pound still major world currency outside system change british government attitude expected country next general elections due mid meanwhile system last realignment th since set prompted european finance ministers ask ec highly monetary committee committee central bank governors come suggestions ideas due unveiled finance ministers hold informal meeting belgium early next month economists said proposals unlikely involve technical details sceptical chances fundamental change technical measures enough protect ems external factors dollar weakness must take step forward institutional level said leo de economic research department economists say system depend largely success agreement last month among major industrial nations stabilise exchange rates dollar resumes slide ems could turbulence predict reuter
amcast completes sale newman division amcast industrial corp said completed sale newman division newman manufacturing inc new company formed newman employees sale price disclosed amcast said newman indiana plant one country largest producers iron castings automotive commercial air refrigeration industries said plant employs people amcast said decided sell division move iron castings business reuter
ships held indian ships held port four days industrial action local seamen spokesman shipowners association said dispute prevented local signing affected foreign ships international crews exports tea jute imports machinery crude oil petroleum products spokesman said foreign ships may also suffer dock workers join action said shipping corporation india sci asked ships avoid port dispute national union seafarers india president leo barnes said reuter
u k intervention board details ec sugar sales total tonnes current series white sugar received export rebates maximum european currency units ecus per kilos today european community ec tender u k intervention board said traders u k received tonnes netherlands denmark west germany tonnes earlier today london paris traders said expected subsidy current season whites campaign licences end july ecus per kilos also forecast today total authorised sugar tonnage export awards tonnes versus last week restitution ecus reuter
hanson sells unit mln stg hanson trust plc l said sell confectionery tobacco business formed company plc estimated mln stg cash chain stores acquired hanson took imperial group plc last year reuter
u health inc nd qtr jan net shr cts vs seven cts net vs revs mln vs mln st half shr cts vs cts net vs revs mln vs mln reuter
novamin board recommend breakwater bid novamin inc said board recommend shareholders takeover offer made breakwater resources ltd breakwater offering exchange one breakwater share two shares novamin company said breakwater issue mln shares novamin shares presently issued outstanding additional breakwater issued warrants options novamin exercised reuter
gulf barge freight higher call gulf barge freight rates continued show firmer tone assumption changes gulf posted prices encourage increases roll activity barges shipments total barges traded morning st louis merchants exchange call session versus nine yesterday dealers said quotes included week mississippi river granite city p traded pct tariff five percentage points yesterday bid next week mississippi granite city p bid five points higher pct offered five barges week april river south traded yesterday bid pct april illinois river ex chicago pct bid offered points higher may section pct bid offered five lower may river south bid points higher pct offered june july lower mississippi river memphis cairo offered pct bids june aug upper mississippi river offered pct bids oct nov south l h nov clinton south pct bid offered comparison december illinois river ex chicago pct bid offered points offer reuter
usair u seeks order twa twa usair group said sought help u department transportation takeover fight trans world airlines inc asking department order twa sell usair shares done direct violation federal aviation act usair said said twa week filed application department transportation approval proposed billion dlr takeover usair usair rejected offer said asked department transportation dismiss application usair said requested dismissal twa avoided pre merger notification requirements also provide competitive public interest analysis required regulations usair said application dismissed twa would limited buying pct mln outstanding shares application approved twa could buy pct said twa said owns less pct usair stock twa today revealed increased holdings four mln usair shares pct outstanding twa vice president general counsel mark buckstein said company made appropriate filings dot compliance law reuter
royal dutch rd unit raises heavy fuel prices petroleum corp subsidiary royal dutch shell group said today raised contract prices heavy fuel cts dlrs barrel effective today increase brings price pct sulphur dlrs pct sulphur dlrs pct sulphur dlrs cts one pct sulphur dlrs cts two pct sulphur dlrs cts pct sulphur dlrs cts pct sulphur dlrs cts reuter
pioneer sugar says csr takeover offer low pioneer sugar mills ltd said considered proposed dlrs share cash takeover offer announced csr ltd csra march low view group hk prospects pioneer recommended statement shareholders retain stock pending board response receives full details csr offer reuter
vista organization ltd visa year net shr profit one ct vs loss nine cts net profit vs loss revs vs avg shrs mln vs mln reuter
corp sell furnace product line corp aid retained investment banking firm kahn harris sell furnace product line company said already contacted several potential buyers furnace product shipments u represented mln dlrs company total net sales mln dlrs reuter
manufacturing co th qtr loss shr loss cts vs loss dlrs qtly div two cts vs two cts prior net loss vs loss sales vs year shr loss cts vs loss dlrs net loss vs loss sales mln vs mln note dividend pay april record april net periods includes pretax charge dlrs writedown assets provision dlrs inventory items reuter
rospatch rejects diagnostic drs bid rospatch corp said rejected proposal diagnostic retrieval systems inc acquire stock dlrs share rospatch board believes long term interests shareholders best served continuing independent public company time company said response unsolicited offer diagnostic retrieval rospatch said diagnostic offer february previous offer january nature disclosed rospatch said advised diagnostic retrieval would contrary best interests corporation engage discussions concerning business combination diagnostic retrieval reuter
cocoa buffer stock compromise gaining acceptance final compromise proposal cocoa buffer stock rules presented international cocoa organization icco council chairman denis bra kanon gaining acceptance consumer producer members delegates said close nearer ever accepting still work producer spokesman mohammed ghana told reuters producers meeting european community ec delegates said ec consumers accepted package morning meeting predicted problems getting full consumer acceptance delegates sides keen come agreement today last day long council meeting said compromise requires buffer stock purchases non icco member countries cannot exceed pct total buffer stock purchases delegates said non member cocoa issue among rules negotiations pct figure five percentage points earlier proposals represents concession consumers delegates said demanded larger allowance non member cocoa buffer stock producers wanted another problem area delegates said question price differentials different origins cocoa bought buffer stock buffer stock manager could fairly compare relative prices different cocoas offered compromise narrowed range differentials origins previous proposals detailed move delegates described adjustments may prove significant enough countries satisfied original proposed differentials assigned delegates said compromise also stated buffer stock purchases day would limited pct nearby intermediate forward positions delegates said compromise accepted council consumers producers want buffer stock rules take effect next week soon possible full council scheduled meet around gmt discuss compromise could agree parties satisfied said consumers due meet council reuter
great american management nd qtr loss period ended jan shr loss cts vs loss cts net loss vs loss revs mln vs mln six mths shr loss dlrs vs loss dlrs net loss vs loss revs mln vs mln note full name great american management investment inc reuter
ag bs year net profit mln swiss francs vs mln turnover mln vs mln cash flow mln vs mln proposed dividend francs vs note company plans one two rights issue participation certificates nominal francs conditions yet set reuter
alcan bertone make aluminum structure car alcan aluminium ltd said joined bertone p alcan technology aluminum structured vehicles geneva international auto alcan said bertone built several bertone x sports cars structures sheet aluminum said bodies made used bertone steel structured sports cars alcan said two cars currently tested britain motor industry research association alcan said developed tested aluminum structure technology suitable modern auto making methods plants alcan said technology reduces weight car basic structure pct improve handling performance reduce fuel consumption size car said structures also provide long life without need protection structure provides safety present materials allow pct reduction spot alcan said reuter
premier industrial corp pre rd qtr net ended feb shr cts vs cts net mln vs mln revs mln vs mln nine mths shr dlrs vs dlrs net mln vs mln revs mln vs mln avg shrs mln vs mln reuter
crown resources plans energy unit sale crown resources corp said plans sell oklahoma based oil gas unit part strategy focus developing precious metals properties company said bought water flood oil gas unit dlrs crown said field fully developed producing wells current oil production barrels day said adding gas produced sale reuter
business editor offers dlrs harper hpr theodore cross editor business society review business publication said investor group heads offered buy harper row publishers inc dlrs share cash filing securities exchange commission cross said proposed takeover board new york publishing house today cross whose investor group includes said already hold harper row common shares pct total outstanding common stock said spent mln dlrs stake far cross said proposed letter harper row company merged company cross forming suggesting total cost completing merger would mln dlrs cross said would use mln dlrs money deal mln dlrs would borrowed first national bank boston revolving credit facility bank agreed provide
west german exports u drop sharply west german exports united states fell four billion marks worth january first time since mid provisional bundesbank data showed figures showed exports billion marks january sharply december billion lowest since billion exported u july compared billion marks january total west german exports western industrialised countries also fell january billion marks december billion also posting lowest monthly total since july west german exports european community billion marks january billion december billion january last year figures showed exports developing nations centrally planned economies also separately commerzbank ag said report focus west german exports year likely shift europe expected downturn growth dollar area one west german exports compared japan depended large part u opec developing country markets added reuter
green tree acceptance inc st qtr net shr cts vs cts net vs rev mln vs mln avg shrs vs note per share results adjusted two one common stock split june reuter
bancorp dec year net shr cts vs cts net vs loans mln vs mln deposits mln vs mln assets mln vs mln reuter
gould gld division gets financing gould inc systems protection division said selected merrill lynch inc provide financing purchase division parent company terms disclosed agreement announced february gould expects transaction completed end april agreement jobs northeast philadelphia plant gould accepted tentative offer westinghouse inc later terminated reuter
inc st qtr january net shr one cts vs two cts net vs revs vs reuter
integrated may sell pct unit integrated inc said discussing unnamed pharmaceutical distributor sale pct n development corp subsidiary dlrs integrated said subsidiary negotiating unnamed distributor sell five drugs company said release details time reuter
industries inc rd qtr net qtr ended feb shr cts vs cts net mln vs mln revs mln vs mln nine mths shr cts vs cts net mln vs mln revs mln vs mln note shr data adjusted stock split paid october reuter
f w woolworth co th qtr shr dlrs vs dlrs
group inc unit loan purchase group inc said pct owned liberty service corp affiliate purchased mln dlrs face value credit card receivables major financial institution name significant discount face value said portfolio consists mostly charged loans company also said expects realize profit dlrs pct interest project new york dlrs profit reflected year ending september reuter
inc st qtr jan net shr cts vs cts net vs revs mln vs mln reuter
french industrial production falls january french industrial production fell seasonally adjusted pct january revised unchanged output december national statistics institute insee said figure excludes construction public works put january index base december january output pct january insee january changed base year originally december output pct november using old base year insee said production january affected rail strikes severely cold weather said output gas electricity high activity slowed construction sites certain base industries reuter
uk intervention says ec sold tonnes white sugar rebate ecus
ferruzzi may float pct paris unit ferruzzi studying project could result public share offer pct french unit european sugar france could raise around mln dlrs ferruzzi chairman gardini said gardini told reuters operation consideration aimed international markets figure mln dlrs given press reports probably right european sugar wholly owned ferruzzi unit spa expected absorb european corn wet milling business cpc international inc ferruzzi recently agreed buy ferruzzi announced last week agreed principle buy cpc operation mln dlrs ferruzzi spokesman later confirmed group studying transfer cpc business european sugar along possible share offering paris unit gave details flotation plan interpreted financial analysts means helping finance acquisition cpc business reuter
brown forman inc th qtr net shr one dlr vs cts net mln vs mln revs mln vs mln nine mths shr dlrs vs dlrs net mln vs mln revs billion vs mln reuter
computer terminal systems completes sale computer terminal systems inc said completed sale shares common stock warrants acquire additional one mln shares n v switzerland dlrs company said warrants exercisable five years purchase price dlrs per share computer terminal said also right buy additional shares increase total holdings pct computer terminal outstanding common stock certain circumstances involving change control company company said conditions occur warrants would exercisable price equal pct common stock market price time exceed dlrs per share computer terminal also said sold rights dot impact technology including future improvements inc houston tex dlrs said would continue exclusive worldwide licensee technology company said moves part reorganization plan would help pay current operation costs ensure product delivery computer terminal makes computer generated labels forms ticket printers terminals reuter
nissan affiliate acquire u maker co ltd japanese maker owned pct nissan motor co ltd exchanged memorandum acquire pct u firm master cast co avoid losses u sales caused yen rise dollar spokesman said final agreement signed year forms new company alfa k technology said new firm supply u major car makers including ford motor co f general motor corp gm chrysler corp c said reuter
savings bank sets first dividend savings bank said board declared initial cash dividend six cts per share went public last june said rate based outstanding shares said dividend payable april shareholders record march company said know would pay regular dividends future reuter
french february inflation pct vs pct january official
systems expects loss current quarter systems inc said expects report loss current quarter ending march due primarily government buying cycle company size expected loss said expects sales profits fiscal however exceed reported sales five mln dlrs net profit dlrs said introduced line page per minute top laser printers limited shipments begin next quarter full production planned following quarter said reuter
fed says buys mln dlrs bills customer may sept maturity
national said cutting u k mortgage rate pct pct
southern california edison co qtly div qtly div cts vs cts pay april record april reuter
canada southern petroleum ltd nd qtr loss qtr ends dec shr loss one ct vs profit two cts net loss vs profit revs vs six mths shr loss one ct vs profit four cts net loss vs profit revs vs reuter
iomega corp expects qtr year losses iomega corp announced expected revenues first quarter significantly lower planned anticipated loss quarter annual report mailed stockholders tomorrow company announce first quarter loss excess mln dlrs primarily result lower anticipated revenues company said net income dlrs cts per share first quarter fiscal revenues mln company said lowered revenue plan balance also expects record loss entire year iomega said first quarter loss place company default certain covenants bank line credit unless covenants modified company currently exploring alternatives raising additional funds debt equity financing reuter
baldrige predicts solid u housing growth commerce secretary malcolm baldrige predicted fifth successive year growth housing starts pct rise overall february starts seasonally adjusted annual rate mln units year fifth solid year row activity single family units stronger multi family units said statement single family starts rose last month january levels pct mln units seasonally adjusted basis multi family unit starts fell pct units department said reuter
colombia sell sugar london traders say colombia holding snap selling tender tonight one cargo world market raw sugar traders said sugar march april shipment bids sought based new york may delivery futures contract added reuter
group inc rd qtr jan net shr profit seven cts vs loss five cts net profit vs loss revs vs nine mths shr profit cts vs profit cts net profit vs profit revs mln vs mln note profits include gains dlrs three cts share quarter dlrs cts share vs dlrs one cent share nine months tax loss carryforward reuter
forbes offering dlrs per share revlon stock
cbt major changes chicago board trade cbt agricultural financial futures markets could period major later year exchange goes ahead planned cbt spokesman told reuters exchange looking number options identify cost effective efficient way proceed including one would involve moving entire grains floor building nearby commodity exchange one cbt chairman agenda items proceed financial futures room spokesman said another cbt official executive vice president george said issue would discussed friday special meeting exchange floor number made regard financial futures room said looked five six different alternatives involving things trading added couple plans might use exchange temporarily cbt markets said move one floor entirely construction period year said adding issue likely go membership vote first drawing board eight months year cbt spokesman stressed discussions preliminary stage nothing likely begin summer earliest order financial futures exchange officials discussed providing temporary home next door present grains dominated area could involve moving cbt markets u treasury bond futures treasury notes bonds options bonds notes floor cbt futures contracts corn wheat soybeans soybean products agricultural options moves could meet opposition among cbt members one senior floor trader said financial futures room badly needs talk grains floor shift move grains area said cbt spokesman said another option discussed financial floor one quarter time first step deciding effective way proceed would get architectural engineering drawings said added difficult present determine exact time frame possible moves major undertaking process would spread next year said floor traders commodity exchange merged cbt year ago said preparing floor end month space recently cleared cbt moving major market index pit area reserved traded cbt gold silver futures share trading area specializes mini contracts grains livestock metals foreign currencies well options contracts rumor cbt grains coming bonds one trader said another source said change could take place july august reuter
calny inc rejects pepsico inc acquisition offer
trading range likely continue debt futures u economic data due next week unlikely hold shake u interest rate futures relatively narrow trading range last months financial analysts said people seem firm current strength economy federal reserve anything said drexel burnham lambert analyst norman narrow range trading also taking toll trading volume noted decline activity recent economic statistics greatly changed people interest rates said data provided clear cut view economy coupled activity foreign exchange markets paris initiative made less market action said added however treasury bond futures could recent rise near top trading range view economy remains relatively strong market participants see current prices said inc senior vice president michael also noted market showing little momentum retail interest movement occurs opening volume momentum said although data week positive bond prices small rise february producer prices downward revisions january retail sales industrial production real exciting said prudential bache analyst fred one factor push us highs moment said next week revision fourth quarter u gross national product also likely little interest market said kleinwort benson chief financial economist sam kahan still forecasts first quarter gnp could play role direction bond prices next month kahan said early estimate first quarter growth around three pct due largely buildup inventories reflected january inventory data friday showed largest increase since key question whether large increase first quarter gnp whether increase sustainable one shot deal kahan said said increase first quarter gnp stemming increase inventories second quarter growth case gnp second quarter could ease back one two pct growth rate kahan said reuter
national westminster bank cuts base rate national westminster bank plc said cut base lending rate percentage points pct today national westminster said responding general easing money market rates move followed signal bank england earlier afternoon would endorse half point cut base rate surprise move following strong signals last week move would premature however since pound continued gain strongly reuter
ccr video corp st half feb net shr profit cts vs loss one ct net profit vs loss sales vs note current year net includes dlr gain debt extinguishment reuter
investor group talks pesch ami ami wedge group inc houston investment firm pct stake american medical international inc said talks pesch co seeking control company filing securities exchange commission wedge owned lebanese living switzerland also said discussed possibility joining others bid seek control ami wedge stressed current plans seek control ami refused rule takeover try future wedge said discussions ami management pesch closely held health care investment concern controlled chicago pesch ami shareholders specify sec filing issues selling ami stake joining others takeover try discussed group said talks produce agreements wedge said believes form restructuring ami business would highly appropriate time wedge holds mln shares ami common stock said plans hold talks company management pesch shareholders pesch last week sweetened bid company dlrs share cash billion dlrs based ami total outstanding cash dlr share bid company rejected reuter
care sees higher earnings care inc projected earnings mln dlrs richard president company said earnings per share expected cts one dlr comparison cts earnings per share fiscal year ended august cts months ended november said represents earnings per share increase approximately pct company said changed fiscal year end august december reuter
chase cmb buys borg warner bor unit chase manhattan corp said chase trans info subsidiary chase manhattan bank n unit bought borg warner corp traffic services business including illinois processing center undisclosed sum borg warner traffic services provides freight bill pre audit payment information services industry borg warner acceptance corp chase trans info offers similar services largest information services transportation industry reuter
acquires pct industries industries ltd said acquired pct industries inc montgomery illinois undisclosed price closing subject completion legal said reuter
shearson lehman u oil stocks analyst sanford margoshes shearson lehman brothers said recommended number oil stocks today apparent opec succeeded holding production quotas clear opec quota restraint boost price oil margoshes said prices oil stocks rose sharply today response higher oil prices optimism opec quotas margoshes said recommends imperial oil imo standard oil co srd exxon xon one chevron chv addition margoshes said recommended atlantic richfield arc short term basis though said still debt situation atlantic richfield rose said market could come test dlr barrel level main investing oil positive right year see higher oil prices noted belief government interested raising strategic reserves rise oil stocks today reuter
international th qtr oper net oper shr cts vs dlrs oper net vs revs vs year oper shr cts vs dlrs oper net vs revs vs note operating net quarter year excludes loss disposal certain businesses mln dlrs loss discontinued operations dlrs quarter dlrs year operating net quarter year includes pretax gain nine mln dlrs sale two divisions loss discontinued operations mn dlrs quarter mln dlrs year international inc full name company reuter
u k money market deficit forecast mln stg bank england said forecast shortage around mln stg money market today among main factors affecting liquidity bills maturing official hands take treasury bills drain mln stg bankers balances target take around mln stg partly offsetting outflows fall note circulation exchequer transactions add mln stg mln stg system respectively reuter
inc rd qtr feb net shr loss eight cts vs loss cts net loss vs loss revs vs nine mths shr loss cts vs loss cts net loss vs revs vs mln reuter
lucas sees continued growth second half lucas industries plc l said underlying performance would continue improve second half profits would restrained low activity u k commercial vehicle markets well north american electronics company earlier reported two mln stg rise pretax profit mln six months end january figure five mln forecasts lucas shares dropped sharply p gmt last night close p said would continue plans activities internationally competitive profitable costs restructuring reorganisation employee training particularly uk automotive businesses together high research development spending would affect profits short term lucas said growth opportunities automotive markets especially vehicle breaking engine management systems recent acquisitions north america strengthened lucas aerospace lucas industrial systems reuter
spartech sets reverse split debenture sale spartech corp said plans one five reverse stock split filed registration statement securities exchange commission covering planned mln dlr offering convertible subordinated debentures due spartech said debenture offering underwritten kidder peabody co company said split effective stock record april eight reuter
american amr sets schedule aircal merger amr corp american airlines unit said plans complete integration aircal operations within four five months american merger aircal announced last november received final approval department transportation yesterday american said richard pearson airline merger activities become chairman chief executive officer aircal period completion merger american said pearson succeeds william lyon elected amr board added david continue aircal president chief operating officer reuter
gordon jewelry completes sale unit gordon jewelry corp said completed previously announced sale assets catalog stores privately held capital corp undisclosed amount cash notes excess book value reuter
galveston mine property interests galveston resources ltd said agreed principle option earn pct interest gold mines inc certain mining properties known property subject regulatory approvals galveston said earn pct interest spending minimum one mln dlrs exploration development work december expects work commence shortly continue exploration season galveston also said granted gold options acquire two mln galveston shares said options exercised dlrs share december dlrs share december dlrs share december separately galveston said agreed principle noranda inc unit noranda ltd option earn pct interest major mineral property located peninsula galveston earn pct interest spending six mln dlrs exploration development work property december company also said granted noranda option purchase two mln galveston shares options exercised dlrs share december dlrs share december dlrs share december reuter
arab association new chairman inter arab association ica elected al kuwait bank new chairman succeeding bank three year term ica officials said annual meeting elected three vice chairmen banque de mohammed societe du morgan guaranty trust co new york saudi national commercial bank bahrain finance credit corp jordan elected secretary treasurer respectively reuter
seton gets buyout offer chairman seton co said board received proposal chairman chief executive officer philip acquire seton dlrs per share cash seton said acquisition bid subject arranging necessary financing said intends ask members senior management participate company said owns pct seton stock management members another pct seton said formed independent board committee consider offer deferred annual meeting scheduled march reuter
bp offer billion dlrs standard shares british petroleum co plc bp l said intended make tender offer pct standard oil co srd n already dlrs share cash total billion offer fully accepted offer would made bp north america inc unit intended commence later april offer would conditional minimum number shares tendered bp said statement dlr share price based valuation well financial advisers took account reviews public non public information standard closed new york last night dlrs dlrs bp shares dropped announcement p p last night close third cash payable would met bp resources remainder would come new borrowings partly banks four year committed revolving credit facility partly new u dlr commercial paper programme company said course arranging facilities bp chairman sir peter walters said group investment standard largest single asset full ownership would enable investment operating decisions made without minority interest bp also believed acquisition represented use financial resources confident oil prices likely remain within range sufficient justify investment walters added also felt due management changes standard could operate successfully even lower oil price environment standard net assets end billion dlrs year reported loss billion dlrs tax extraordinary item mln dlrs analysts said move bp come surprise one noted immediately clear group spend much money buying company already controlled bp could also bought remainder standard shares considerably cheaper moved six months ago also unclear effect tender would u k government recent announcement intended dispose remaining pct stake bp sometime financial year analysts said analyst paul brokers kleinwort grieveson noted effect government sale stake bp would depend reaction markets deal would probably push bp gearing around pct pct currently said however likelihood oil prices would repeat last year rapid drop prospects standard returning profitability year bp benefitting cash flow good standard high cost oil producer analysts noted noted needed dlrs barrel make money dlrs barrel revenue production activities would push surplus bp initially took stake standard following discovery oil alaska prudhoe bay bp inadequate distribution facilities u standard strong marketing refining short crude oil analysts said bp major management reorganisation standard past year probability much shake standard complete one possible factor behind timing tender offer said bp willingness take hard decisions major balance sheet write offs sale assets well received markets lower costs possible especially rationalisation loss making minerals division allow benefits oil price recovery come straight profits without cut back sectors reuter
leader buys petrosurance stake leader development corp said purchased shares convertible preferred stock petrosurance inc dlrs cash real estate petrosurance specializes property casualty insurance oil industry leader said stock convertible petrosurance common leader said already owns pct conversion would give pct company said petrosurance use sale proceeds support growth improve structure reinsurance retain larger part premiums written reuter
japan march interim trade surplus falls japan customs cleared trade surplus fell billion dlrs first days march billion surplus year earlier ministry finance said march interim surplus compared billion dlr surplus february period fob exports first days march rose pct year earlier billion dlrs cif imports rose pct billion average yen dollar rate used statistics yen year earlier reuter
resorts international gets buyout proposal ksz co inc
investment group moore stake group new york investment companies told securities exchange commission acquired shares moore inc pct total outstanding common stock firms robert h co j r foundation quaker hill associates l p upland associates l p james trust said bought stock two mln dlrs investment purposes group said might buy moore shares reuter
balance computer corp rd qtr jan loss shr loss one ct vs profit five cts net loss vs profit rev vs nine months shr profit one ct vs profit five cts net profit vs profit rev vs note company nasdaq november third qtr net includes extraordinary credit dlrs four cts share reuter
carlton buys stake central independent tv carlton communications plc l said statement purchased pct stake mln shares central independent television group plc l p per share consideration mln stg met mln stg cash issue one million ordinary carlton shares said central showed pretax profits pct mln stg year ended september reuter
investor pct allegheny int l ag group firms funds controlled new york investor mario gabelli said acquired equivalent shares allegheny international pct total outstanding filing securities exchange commission gabelli group said bought stake part business effort seek control company said may shares sell current stake stake includes common shares cumulative convertible preferred stock could converted common shares reuter
ivaco sees minimal first quarter earnings ivaco inc said price pressure steel products particularly u recent increase value canadian dollar expected result minimal first quarter earnings said subsequent quarters show substantial improvement first quarter levels earnings reach levels long conditions continue ivaco earlier reported profit rose mln dlrs one mln dlr extraordinary gain mln dlrs previous year said demand company products continuing high levels sales expected show growth revenues last year rose billion dlrs billion dlrs reuter
cominco ltd lowers price lead metal cominco ltd said cominco metals division lowered price lead metal sold canada canadian cts per pound canadian cts per pound reuter
cathay pacific profit seen target low fuel prices favourable currency factors cathay pacific airways ltd caph hk profits expected airline forecast one billion h k dlrs stock analysts said analysts said expect airline show net earnings billion billion dlrs reports results tomorrow first year public company cathay pct owned swire pacific ltd swpc hk made earnings forecast prospectus flotation may last year cathay expected pay cent final dividend making total cents year forecast prospectus analysts polled reuters said said airline performance improved second half year reported interim profits mln dlrs weakness local currency pegged one u dollar low fuel prices moved company favour assumptions made prospectus time flotation james capel far east ltd said james capel estimates average fuel prices airline industry u cents per gallon pct level said one pct movement fuel prices would affect cathay net profits mln dlrs forecast profits billion dlrs analysts said company estimates fuel price currency movements set prospectus conservative reflected interim results showed profit margin increased said frederick house securities f e ltd cathay six month turnover rose pct year earlier levels profits rose pct rise oil prices late little impact company fuel oil bill last year aviation fuel prices usually lag behind crude price movements several months analysts said last september yen risen pct hong kong dollar end mark pct sterling pct overall weakness hong kong dollar cathay major trading currencies helped push passenger yields first half pct said james capel continue second half enable passenger yields end year pct strong performance billion dlrs cash management also improved profits james capel said general improvement air traffic last year contributed cathay revenue increase company load factor declined increased competition expansion fleet services james capel estimated cathay passenger last year rose six pct freight climbed pct though airline load factor probably fell pct pct cathay added new planes forced fly routes last year threat competition air said affected load factor fear possible competition carrier hong kong airways ltd may contributed cathay decision resume service new zealand last year analysts said reuter
labs inc st qtr jan net shr cts vs seven cts net vs sales vs reuter
exchange rates almost within g levels sumita bank japan governor satoshi sumita said current exchange rates almost within levels agreed six major nations last month paris asked whether dollar yen rate reflected economic fundamentals said current rates almost reflect fundamentals sumita told reporters major nations cooperated bring currency stability line paris agreement would closely cooperate end repeated central bank intervene necessary adding think dollar free fall likely sumita said could say exactly currency levels would considered line underlying economic fundamentals paris february britain canada france japan u west germany agreed cooperate hold currencies around current levels sumita said could find specific reasons behind fall dollar record low yen yesterday said market sell dollars reacted statements abroad developments surrounding trade tensions u treasury secretary james baker said weekend paris pact fixed dollar u trade representative clayton yeutter called u japan relations certain key trade issues strained market reacted dollar moving narrowly yen since mid january sumita said added expect yen dollar exchange rate remain unstable market concerned sharp rise yen bank japan keep close watch exchange rates line paris accord added reuter
gould gld completes sale division gould inc said completed sale systems division unit management undisclosed price gould said move part plan divest defense systems businesses focus computer electronics sectors gould added accounted division discontinued operation reuter
allegheny international sells wilkinson sword group mln dlrs
bsi says expects another good year banca italiana z said expected business good year pct increase net profit mln swiss francs chief executive giorgio told reporters expected almost important sectors expand well important exception would securities business would grow slowly also said bank planned convert representation london subsidiary end year expand activities new york subsidiary particularly private banking reuter
inc th qtr net shr cts vs cts net vs revs mln vs mln mths shr cts vs cts net mln vs mln revs mln vs mln note prior qtr yr ended jan reuter
rexnord inc rex st qtr jan loss shr loss cts vs profit cts net loss vs profit sales mln vs mln note fiscal net loss includes pretax charge mln dlrs restructuring tax charge seven mln dlrs debt prepayment premiums fiscal net profit includes pretax gain mln dlrs sale land tax loss mln dlrs discontinued operations tax gain mln dlrs change accounting results restated exclude five businesses divested part company restructuring program reuter
scientific micro sees higher revenues scientific micro systems inc said expects first quarter revenues rise pct mln dlrs compared mln reported first quarter last year company said experienced revenue growth across product lines quarter also said revenue growth continue year company experience improved profitability second half acquisition new product introduction costs significant impact earnings reuter
technologies ltd year loss shr loss cts vs loss three cts net loss vs loss revs vs avg shrs vs note converted using dec exchange rate belgian francs u dlr reuter
dutch retailer sees unchanged profit dutch food retailer nv expects unchanged profits said take advantage lower dollar expand u turnover grow net profits expected remain around level mln guilders due higher dutch taxes three year expansion plan chairman albert told news conference profit forecast allows dollar rate around current levels three guilders turnover net profit hit dollar fell average guilders reuter
ec ministers extend beef milk marketing years european community agriculture ministers agreed extend milk beef marketing years end may belgian minister paul de told news conference said reason two month extension ec farm product marketing years end spring months would impossible ministers formally agree farm price arrangements may european parliament due deliver opinion price proposals ec commission reuter
woolworth bids mln stg superdrug woolworth holdings plc wluk l said would make mln stg agreed bid superdrug stores plc valuing company shares p offer would made basis new woolworth ordinary shares every superdrug woolworth said received acceptances holders pct superdrug shares bid woolworth second attempt recent months acquire retail chain earlier year negotiated possible bid underwoods plc talks broken two weeks ago full acceptance offer would involve issue mln new woolworth shares pct enlarged share capital cash alternative would offer p share superdrug members family accepted offer mln shares underwritten another major shareholder rite aid corp rite investments corp unit accepted offer mln shares would take cash alternative mln year end january woolworth reported pretax profits sharply higher mln stg mln previously year end february superdrug reported pretax profits mln mln previously turnover rose mln mln superdrug shares firmed p p friday woolworth eased p p reuter
zenith labs report th qtr loss zenith laboratories inc said company report fourth quarter loss amount determined completion year end audit company elaborate third quarter ended sept zenith reported loss dlrs cts per share adjusted may stock split company also said received food drug administration approval market generic version domestic sales exceeding mln dlrs zenith said market drug questions relating certain patents resolved reuter
corp year oper loss oper shr loss vs loss dlrs oper net loss vs loss sales mln vs mln avg shrs vs note earnings exclude gain restructuring dlrs dlrs share reuter
sells stock european institutions corp said received commitments group european institutions buy shares dlrs closing expected march reuter
houston oil royalty trust distribution monthly cts vs cts prior payable april record april reuter
n business loans fall mln dlrs feb week fed says
twa twa refile u agency transworld airlines inc plans refile application monday department transportation approval acquire usair group u dot late today dismissed twa application acquire usair dot opens business monday morning completed section application said twa general counsel mark buckstein buckstein said dot ruled application filed wednesday said yet know agency reuter
conagra inc cag rd qtr feb net shr primary cts vs cts shr diluted cts vs cts net mln vs mln revs billion vs billion avg shrs primary mln vs mln avg shrs diluted mln vs mln nine mths shr primary dlrs vs dlrs shr diluted dlrs vs dlrs net mln vs mln nine mths revs billion vs billion avg shrs primary mln vs mln avg shrs diluted mln vs mln note net preferred dividend payments current nine mths net includes tax provision five mln dlrs consolidation food plants shr avg shrs data reflect two one split december results year ago nine mths current first half restated reflect acquisition e j miller enterprises shares january reuter
dean foods sees strong th qtr earnings dean foods co expects earnings fourth quarter ending may exceed year ago period chairman kenneth douglas told analysts fiscal fourth quarter food processor reported earnings cts share douglas also said year sales exceed billion dlrs billion dlrs prior year repeated earlier projection third quarter earnings probably slightly last year cts share falling range cts cts share douglas said early project whether anticipated fourth quarter performance would enough us exceed prior year overall earnings dlrs share douglas said dean experience pct improvement bottom line effects tax reform act alone president howard dean said fiscal company benefits various dairy frozen vegetable acquisitions ryan milk co dean also said company benefit acquisition late december inc west chicago said company major shareholder e b foods ltd united kingdom licensing arrangements australia canada brazil japan provides entry corp years douglas told analysts reuter
graphic industries inc th qtr jan net shr cts vs cts net vs revs mln vs mln year shr cts vs cts net vs revs ln vs mln reuter
sheldahl inc nd qtr feb net shr cts vs four cts net vs sales mln vs mln six mths shr cts vs nine cts net vs sales mln vs mln avg shrs vs reuter
tseng laboratories inc th qtr net shr profit one ct vs loss nil net profit vs loss revs vs avg shrs mln vs mln year shr profit one ct vs profit one ct net profit vs profit revs vs avg shrs mln vs mln reuter
charter power systems inc th qtr jan shr profit cts vs loss cts net profit vs loss sales mln vs mln year shr profit cts vs loss cts net profit vs loss sales mln vs mln note prior year results pro forma acquisition c power systems divisions allied signal inc ald reuter
nord resources corp th qtr net shr cts vs cts net vs revs mln vs avg shrs mln vs mln year shr cts vs cts net mln vs revs mln vs mln avg shrs mln vs mln note shr figures adjusted split paid feb reuter
cpi corp post higher results cpi corp said expects post higher sales earnings fiscal year ended february officially reports results three weeks said preliminary figures show total sales mln dlrs pct mln dlrs fiscal year net earnings continuing operations rose mln dlrs almost pct mln dlrs per share earnings continuing operations dlrs pct dlrs additional shares outstanding reuter
may reports strong st qtr start may department stores co reporting record results fourth quarter ended january said encouraged new fiscal year strong start february march company said merger last year associated dry goods accounted pooling interests going well may said acting like one company every day expansion schedule track may said plans invest mln dlrs year open department stores eight discount stores specialty outlets company reported fourth quarter earnings mln dlrs dlrs share mln dlrs dlrs share year earlier revenues advanced billion dlrs billion dlrs reuter
resources ltd year loss shr loss seven cts vs loss dlrs net profit vs loss revs mln vs mln note current shr preferred dividends mln dlrs prior shr net includes mln dlr writedown oil properties reuter
cenergy reports th qtr net profit cenergy corp reported fourth quarter net income dlrs seven cts per share revenues mln dlrs year reported net loss mln dlrs cts per share result writedowns book value oil gas properties first two quarters revenues mln dlrs following company fiscal year ended march changed year end nine months ended dec reported loss mln dlrs dlrs per share revenues mln dlrs said result writedowns oil gas properties year ended march cenergy reported net income dlrs cts per share revenues mln dlrs company said reserves year fell five mln barrels mln barrels oil bilion cubic feet gas bcf said reserves disappear available produce prices recover reuter
march prices fell german state year ago cost living north rhine germany state fell pct month mid march stand pct lower time year earlier regional statistics office said prices risen pct month mid february fallen pct year year regional figures considered good guide national inflation trends federal statistics office due publish provisional national figures march end month reuter
singapore land ltd si first half feb shr cts vs cts int div nil vs nil group net mln dlrs vs mln turnover mln dlrs vs mln note company said group net profits year ending aug amount mln dlrs reuter
news corp completes purchase newspaper news corp said south china morning post ltd hong kong become wholly owned subsidiary march previously announced reuter
international fine foods makes acquisition international fine foods inc said acquired distributors inc west n common shares plus contingent shares based future earnings distributes fresh squeezed loss sales one mln dlrs first year operation reuter
plc l year end shr profit p vs p loss div p making p vs nil turnover billion stg vs billion pretax profit mln vs mln loss tax mln vs nil operating profit mln vs mln interest less investment income mln vs mln exceptional debit mln vs mln minorities mln vs mln extraordinary credit mln vs mln debit operating profit includes international computers mln vs mln communications systems mln vs mln components distribution mln vs mln defence mln vs mln reuter
publishing corp th qtr net shr cts vs cts net vs gross income mln vs mln year shr dlrs vs dlrs net mln vs mln gross income mln vs mln note share adjusted five two stock split effective yesterday net includes gains sale securities pretax dlrs vs dlrs quarter dlrs vs dlrs year reuter
corp year net shr one ct vs nil net vs revs mln vs mln reuter
lvi group inc lvi th qtr net oper shr profit two cts vs loss cts oper net profit vs loss mln revs mln vs mln mths oper shr profit cts vs loss cts oper net profit mln vs loss mln revs mln vs mln note last two months include results inc acquired oct prior year excludes discontinued operations loss cts per share quarter loss cts share year excludes extraordinary gain two cts per share quarter four cts per share year reuter
colombian oil exports affected quake colombian oil installations damaged earthquake ecuador southern colombia last night plans suspend exports spokesman state run oil company ecopetrol said said damage reported unlike ecuador indefinite force majeure declared crude exports colombia currently produces barrels per day bpd crude exports january totalled bpd quake colombia measured seven point international scale caused panic among residents reported reuter
canada march foreign reserves rise billion u dlrs official
iran says intends threat gulf shipping iran said reports intended threaten shipping gulf warned u countries interfere region tehran radio monitored bbc quoted foreign ministry spokesman saying attempt would met strong response iran world u defence secretary caspar weinberger remarks apparently unrelated broadcast said u would whatever necessary keep shipping lanes open face new iranian anti ship missiles gulf u state department said two days ago tehran told u concern iranian anti ship missiles threat free flow oil gulf u officials said iran new chinese made anti ship silkworm missiles pose greater threat merchant ships missiles used iranian spokesman said reports iran intended attack ships misleading said iraq president hussein main cause tension gulf said iran would continue use legitimate means stem cause tension weinberger said television interview u fully prepared necessary keep shipping going keep freedom navigation available vital waterway going discussions might happen certainly sympathetic carefully suggestions assistance keeping navigation free area said weinberger said u movements gulf area unusual u navy battle group led aircraft carrier kitty hawk currently northern arabian sea iranian spokesman quoted tehran radio saying u trying build military presence region reuter
spartech corp st qtr jan net shr two cts vs three cts net vs revs mln vs mln note per shr reflects payment preferred dividends reuter
u producer prices rose pct feb pct jan rise
st lawrence seaway open schedule st lawrence seaway canal linking lakes erie ontario expected open scheduled march april respectively st lawrence seaway official said entire seaway already free ice due mild winter could open navigation today seem enough demand shipping companies warrant early opening canadian official said repairs continuing stepped pace canal completed april start date added reuter
hughes supply inc sets quarterly qtly div cts vs cts prior pay may record may reuter
new brunswick scientific co inc th qtr shr cts vs six cts net vs revs mln vs mln year shr cts vs cts net mln vs revs mln vs mln reuter
zambia retain currency auction says kaunda zambia retain foreign exchange auction system despite suspension weekly auctions since january president kenneth kaunda said run away auction abolished told reuters interview said system would reintroduced current talks world bank international monetary fund hoped would backed fresh foreign aid funds kaunda dismissed central bank statements new auction system would used allocate foreign exchange private bidders fix exchange rate kaunda said auction system government shortage foreign exchange meet demand suspended kwacha rapid devaluation strong fluctuations made economic planning almost impossible government private sector said weekly foreign exchange auctions began october kwacha fell dollar months january government two months arrears paying foreign currency successful bidders auction suspended replaced fixed exchange rate nine kwacha dollar reuter
bond rights issue mulls project partners bond corp international ltd subsidiary australian based bond corp holdings ltd said would defer planned rights issue still wants issue made july date set issue announced january document shareholders bond corp said delay follows receipt mln h k dlr loan parent company meet first payment newly acquired bond centre commercial complex central hong kong also wants outside partners take pct project company said january announcement said rights issue would finance bond corp billion dlr acquisition pct stake hk ltd hk film magnate run run shaw company reached agreement consortium led land co ltd hk buy commercial complex still construction billion dlrs bond international said document except mln dlr loan deal would financed internal resources selling interest building payments must completed end bond international also sold several residential buildings hong kong mid levels district total mln dlrs statement said flats among properties bought last year hongkong land co ltd hk billion dlrs analysts said bond international heavily geared relied bank borrowings purchase hongkong land properties hk shares bond international also said document plans sell interest complex hold hk shares long term investment reuter
unicorp uac lincoln pact unicorp american corp said signed definitive agreement acquire lincoln savings bank fsb terms agreement announced january lincoln would acquired unit unicorp minority owned lincoln president marshall acquisition take place voluntary conversion lincoln federally chartered stock savings bank mutual federal savings bank connection conversion unicorp contribute mln dlrs cash lincoln reuter
gartner group acquires program gartner group inc said acquired sole ownership market research program gartner said wholly owned subsidiary purchased interests former partners aggregate price plus percentage net sales proceeds future sales certain products prior acquisition gartner group owned one third partnership said reuter
expects turn profitable inc said expects return profitability current year today reported loss first quarter ended january dlrs compared dlr profit year reuter
knutson mortgage corp sets quarterly qtly div cts vs cts prior pay april record march reuter
sun city industries sees higher net sun city industries inc said preliminary unaudited results ongoing operations fiscal year ended january expected rise pct dlrs cts per share dlrs cts reported last year total net income expected reach mln dlrs includes mln dlrs net income realized sale property combination result record earnings dlrs share wholesale distributor processor eggs said reuter
hanson trust han sells unit reichhold chemicals inc said part group purchased pcr inc hanson trust plc corp subsidiary said group members include jacksonville fla businessman jack c managers pcr reichhold said made modest cash investment pcr makes high performance materials variety industries reuter
fruehauf posts mln dlr loss fruehauf corp went private december leveraged buyout said predecessor company loss mln dlrs compared earnings mln dlrs sales predecessor company billion dlrs compared billion dlrs including sales operations divestiture candidates fruehauf said connection buyout acquisition predecessor company incurred mln dlrs expenses charged operations addition direct expenses fruehauf said operating results adversely affected amount due disruption related proxy contest attempted hostile takeover started early fruehauf said board rescheduled annual meeting june may allow completion distribution results shareholders reuter
bankers welcome spanish reserve requirement hike bankers welcomed bank spain decision raise reserve requirement banks savings banks saying reflected socialist government determination ease fight inflation despite social effects four years austerity central bank last night raised requirement one percentage point pct march saying excess liquidity threatened money supply inflation targets bankers said move represented change bank relied raising interest rates choke money supply growth think good measure senior foreign banker said faster way get job done using interest rates effects areas economy shows political strong know controlling inflation make industry competitive bring unemployment long run added head another foreign bank said month ago bank spain dismissed suggestion rise reserve requirements preferring pursue strategy raising interest rates bankers said high real interest rates offer around eight pct overnight funds attracting money abroad strengthening peseta making spanish exports less competitive government says industry competitiveness also hit hard inflation pct last year rate way spain major trading partners european community joined year ago help meet year target five pct insisting pay rises stay level setting stage trade unions say made enough sacrifices workers farmers whose demands essentially involve government spending become almost daily prime minister insists state much bankers said reserve requirement increase could impact commercial lending rates hit money market hard bank spain yesterday raised key overnight call money rate pct left unchanged today auction rate increased nine times since start year pct bankers said commercial lending rates set rise case end six pct interest rate banks offer time deposits six months measure take effect tomorrow following publication decree today official bankers say liberalisation increase cost funds inevitably push lending rates higher measure reducing proportion funds banks must invest specific areas also takes effect tomorrow officials said cut approved last month aimed partly banks higher interest rates reuter
consolidated stores corp th qtr jan net shr cts vs cts net vs sales mln vs mln avg shrs mln vs mln year shr cts vs cts net mln vs mln sales mln vs mln avg shrs mln vs mln note prior year net includes dlr tax credit share adjusted two one stock split june reuter
u consumer credit rose billion dlrs feb vs revised mln jan gain
revlon buys cosmetics beecham group undisclosed terms
industries th qtr feb net shr cts vs cts net vs revs mln vs mln mths shr cts vs dlrs net vs revs mln vs mln note year includes charge dlrs cts per share sale electronic systems ltd reuter
new york business loans fall mln dlrs commercial industrial loans books major new york banks excluding acceptances fell mln dlrs billion week ended march federal reserve bank new york said including acceptances loans fell mln dlrs billion commercial paper outstanding nationally rose mln dlrs billion national business loan data scheduled released friday reuter
manhattan nat l mlc holders vote stock sale manhattan national corp said shareholders approved union central life insurance co took control company acquiring mln shares newly issued manhattan national common stock mln dlrs company said transaction gives union central cincinnati based mutual insurance company total shares manhattan national stock pct total outstanding manhattan national said three mln dlrs invested funds used repay short term debt two mln dlrs earmarked short term needs remainder available company insurance units business purposes said charles c president chief executive officer union central expected named chairman president chief executive manhattan national company said reuter
taft tfb continue review alternatives taft broadcasting co said board continues explore alternatives possible financial restructuring response theta corp offer dlrs per share taft stock last week taft rejected dlr share bid theta investment group headed taft vice chairman dudley taft taft also said new proposal would submitted board decision made respect sale company proposal theta said prepared discuss aspects offer including price structure form consideration would prepared negotiate transaction shareholders would receive value excess dlrs per share taft said theta requested company cooperate provide information subject appropriate confidentiality agreement company declined comment beyond statement reuter
canadian pacific cp confirms earnings canadian pacific ltd said fourth quarter operating profit rose mln dlrs cts share mln dlrs cts share year ago statement confirmed released preliminary earnings figures company released february mln dlr gain sale cp cominco ltd interest helped raise final fourth quarter profit mln dlrs cts share company said drop full year operating profit mln dlrs restated mln dlrs due mainly lower world oil prices company said cp rail division reported net income mln dlrs compared mln dlrs said grain traffic recovered drought affected levels year ago offset weakness traffic areas increased expenses said net loss soo line increased mln dlrs loss mln dlrs loss mainly due restructuring charges canadian pacific said favorable developments year included reduced bulk shipping losses result recovery tanker markets turnaround forest products sector reuter
corp sets quarterly qtly div three cts vs three cts prior pay april record march reuter
weigh inc th qtr net shr cts vs cts net vs sales vs year shr cts vs cts net vs sales mln vs mln avg shrs vs reuter
economic spotlight u congress japan u congress making japan enormous worldwide trade surplus symbol u trade crisis focus efforts turn around america record trade deficit japan come fear trade challenge high technology industries threat government competition barriers exports senate democratic leader robert byrd said find way come terms japan trade problems manage difficulties countries west virginia democrat said senate finance committee hearing trade bill byrd house speaker jim wright texas democrat made trade legislation priority year wide ranging bill probable house approval next month japan bilateral trade surplus jumped billion dlrs billion dlrs last year surplus rose billion dlrs february billion dlrs january congress points record billion dlrs u trade deficit slow response trade imbalance dollar decline world currency markets reason press japan buy u goods particularly rapid deterioration u exports sophisticated computer technology response growing anger pressure u semiconductor industry president reagan friday announced intended raise tariffs much mln dlrs japanese electronic goods retaliation japan failure abide u japanese semiconductor agreement congress also angered administration lack success japan host trade issues including beef citrus automobile parts telecommunications goods financial services bulk house trade bill written last week four committees package trade sanctions measures force administration take tough action foreign trade barriers unfair competition although provisions single japan many cases impact would restrict imports japanese products make expensive higher duties cornerstone trade legislation passed house ways means committee vote focus force president reagan retaliate unfair foreign competition make easier u industries win temporary relief imports controversial issue amendment restrict imports countries japan large surpluses buy u goods left april vote house rep richard gephardt democratic presidential missouri support wright key democrats press passage amendment measure would impact japan west germany taiwan south korea japan example reduce barriers mid united states would set import quotas tariffs cut japanese surplus ten per cent year three years going companies managers say competing japan compete marketplace argument needs taken away american business gephardt said administration said could support trade bill containing provision
wolverine sell two subsidiaries wolverine world wide inc said signed letter intent sell investment group two subsidiaries inc footwear maker international marketing arm international inc terms disclosed wolverine said action continues restructuring operation begun last july make company competitive profitable wolverine said concentrate effort footwear market brooks footwear division wolverine said expects favorable results second half result restructuring said restructuring helped improve financial capabilities company reported mln dlr loss dlrs share due largely mln dlr restructuring charge mln dlr inventory evaluation taken second quarter since time sold two small retail operations closed consolidated five domestic footwear factories closed retail locations reuter
washington gas light co hikes payout qtly div cts vs cts prior pay may one record april reuter
industries inc st qtr jan loss shr loss cts vs loss cts net loss vs loss revs vs reuter
park corp sets payout qtly div three cts vs three cts prior pay may record april reuter
straits trading co ltd si year shr cts vs cts fin div cts vs cts group net mln dlrs vs mln turnover mln dlrs vs mln note fin div pay may record may reuter
u bank discount borrowings average mln dlrs day march week fed says
cross boosts frost sullivan holdings shareholder group led new york investor theodore cross said securities exchange commission filing boosted stake frost sullivan inc common stock shares pct total outstanding group said cross bought shares open market feb march group said previously frost sullivan share purchases investment reuter
trelleborg take larger boliden swedish process equipment components firm trelleborg ab said taking larger stake mining metals concern boliden ab blds st originally intended trelleborg previously announced option acquire pct boliden voting rights statement company said received offers pct rights would accept reuter
fed johnson says see increasing pressure interest rates
hillsdown holdings plc l year shr p vs p div p vs p making p vs p adjusted three one capitalisation pre tax profit mln stg vs mln turnover billion vs billion tax mln vs attributable mln vs mln cost sales billion vs mln gross profit mln vs mln distribution costs mln vs mln expenses mln vs mln operating income mln vs nil interest payable mln vs mln minority interests mln vs mln extraordinary credit sale share w berisford plc mln vs nil operating profit includes poultry eggs animal feed mln vs mln food processing distribution mln vs mln furniture timber distribution mln vs mln fresh meat mln vs mln reuter
sulpetro ltd year oct loss shr loss dlrs vs loss dlrs net loss mln vs loss mln revs mln vs mln note shr results deducting preferred share dividends mln dlrs periods current loss includes mln dlr writedown oil gas properties mln dlr writeoff deferred charges mln dlr loss disposal u k properties mln dlr equity loss affiliate exploration ltd mln dlr loss investments reuter
alusuisse shares fall capital cut news bearer shares schweizerische aluminium ag aluz z alusuisse fell sharply trading resumed one day suspension friday firm disclosed plans capital cut held mainly foreign investors dropped swiss francs volume particularly heavy registered shares less affected five participation certificates fell francs alusuisse made net loss mln francs restated mln loss set pct capital cut company said could break even year reuter
u real gnp rose pct fourth quarter u gross national product removing impact inflation increased revised annual rate pct fourth quarter commerce department said earlier preliminary pct rise estimated month ago pct rise fourth quarter final fourth quarter revision however left unchanged previous estimate pct increase gnp revised estimate fourth quarter gnp partly reflected downward revision inventories total decrease billion dlrs fourth quarter department said revisions also indicated personal consumption spending decreased billion dlrs fourth quarter increase billion dlrs third quarter exports goods services rose billion dlrs decline billion dlrs third quarter imports decreased mln dlrs final quarter contrast increase billion dlrs third quarter reuter
medical inc rd qtr loss period ended january shr loss five cts vs profit eight cts net loss vs profit sales vs nine mths shr profit six cts vs profit cts net profit vs profit sales mln vs reuter
valley resources vr sets split raises payout valley resources inc said board declared three two stock split raised quarterly dividend cts per share presplit cts payable april record march reuter
green mountain power corp sets quarterly qtly div cts vs cts prior pay march record march reuter
allegheny int l ag sells three overseas units allegheny international inc said sold three overseas subsidiaries corp ltd north sydney australia investment group terms disclosed units sold sunbeam corp ltd australia sunbeam new zealand ltd u k ltd units make distribute various products including lawn small appliances equipment total reuter
british telecom cautious earnings prospects british telecommunications plc l profit growth prospects coming years reduced increasing competition continued costs replacing old telephone systems deputy chairman odgers said speaking news conference third quarter results released earlier today odgers said company faced heavy costs new digital telephone systems britain three five years said mercury communications ltd cable wireless plc cawl l subsidiary becoming significant competitor odgers said mercury seeking make inroads british telecom profitable areas one company official privately estimated british telecom still pct share u k telecommunications market feared could pct recent two half week engineering strike lead disruption service could well encouraged clients consider using mercury system odgers said however forecast last quarter results overall adversely affected calculated salary savings result strike mln stg loss income telephone calls limited revenue probably dropped peripheral activities balance odgers said group financial strength economies scale fact operates growth industry help produce annual profit increases future british telecom also seek expand manufacturing said adding research development expenditure rise terms value compared current proportion two pct overall turnover analysts said company forecasts helped shares dip p mid afternoon p yesterday close early high p philip stockbrokers wood co ltd said market expects slower profit growth forecast seven eight pct rise earnings per share pretax profit next two years financial year pre tax profit rose billion stg billion noted government imposed formula linking charges inflation meant company scope raising prices limited long inflation remains low reuter
giant bay details gordon lake deposit giant bay resources ltd said study gordon lake gold deposit indicated overall recovery pct pct gold achieved either direct ore flotation followed concentrate continuation underground program property begin june extending existing along foot level main ore zone encountered giant bay said company elaborate production figures property reuter
n traders say latin coffee producers meet several traders analysts told reuters latin american coffee producers meet weekend managua nicaragua purpose said review breakdown international coffee organization quota talks last month try unified position ahead possible future negotiations two traders asked named said separately brazil expected attend meeting along central american producers central american would include costa rica honduras part minority producer group february talks opposed brazil position said another source also said colombia probably attend reuter
malaysia holdings bhd six months december shr cts vs ct interim dividend cts vs nil group net mln ringgit vs mln pre tax mln vs mln turnover mln vs mln note dividend pay may register april reuter
firm allegheny int l ag preferred stake leeds kellogg new york brokerage partnership said acquired shares allegheny international inc dlr convertible preferred stock pct total outstanding filing securities exchange commission leeds said bought stake mln dlrs part normal trading activities reuter
federal co rd qtr feb net shr dlr vs cts net mln vs revs mln vs mln avg shrs mln vs mln nine mths shr dlrs vs dlrs net mln vs mln revs billion vs mln avg shrs mln vs mln reuter
financial nd qtr feb net shr primary cts vs cts shr diluted cts vs cts net vs revs mln vs mln avg shrs primary mln vs mln avg shrs diluted mln vs mln six mths shr primary cts vs cts shr diluted cts vs cts net vs revs mln vs mln avg shrs primary mln vs mln avg shrs diluted mln vs mln reuter
shell oil gets mln dlr contract shell oil co houston awarded mln dlr contract jet fuel defense agency said reuter
usair u wins court order twa twa usair group inc said u district court pittsburgh issued temporary restraining order prevent trans world airlines inc buying additional usair shares usair said order issued response suit charging twa chairman carl icahn twa violated federal laws made misleading statements twa last week said owned pct usair shares also offered buy company dlrs share cash billion dlrs
kaiser aluminum raises product prices kaiser aluminum chemical corp said increasing prices broad range common alloy flat sheet plate products company said prices distributors direct customers shipments new orders placed march increased four eight cts per lb kaiser said increases due increased demand need set prices relative cost primary aluminum reuter
institute sees w german output fall production manufactured goods industry falling since mid decline one two pct year pct increase ifo economic institute said ifo report said influences affecting engineering industry particularly saw decline two three pct sector pct rise orders especially abroad also falling sharply capital goods electronics sector added ifo also predicted automobile industry particularly successful production rose pct chemical industry production fell pct last year likely decline one pct sector suffered slack demand abroad low domestic consumption reuter
united banks colorado acquisition cleared united banks colorado inc said received federal reserve board approval acquire financial corp united share share company said acquisition still subject day review u justice department expected completed second quarter reuter
german february import prices fall import prices west germany fell pct february january stand pct level february federal statistics office said january import price index base unchanged compared december pct lower january february export prices base import prices unchanged compared january pct lower february january export prices fell pct december stand pct lower january reuter
tektronix inc rd qtr shr vs cts
health inc sets dividend qtly dividend cts vs cts pay april record march reuter
release gmt march uk feb adjusted unemployment fell total mln pct official
non communist steel output continues fall steel output major non communist producing countries fell sharply february continuing long running trend international iron steel institute figures showed production countries report figures pct february level mln tonnes output united states fell pct mln tonnes japan pct mln european community pct mln figures continue indicate switch away traditional major producing countries advanced developing countries brazilian february output rose pct year earlier levels mln tonnes south korea pct mln tonnes countries covered figures account pct world non communist steel production institute said reuter
chavin raises stake myers chicago real estate developer leonard chavin told securities exchange commission raised stake l e meyers co group pct pct also said investment banker met myers officers telling plans takeover may solicit proxies seat myers board chavin also said takes control firm could result meyers new york stock exchange told sec trying buy acquire firm still may hold shares investment reuter
lieberman enterprises inc rd qtr feb net shr cts vs cts shr diluted cts vs cts net vs sales mln vs mln nine mths shr dlrs vs dlrs shr diluted dlrs vs dlrs net vs sales mln vs mln reuter
orange definitive pact sell units orange julius international inc said entered definitive agreement sell orange julius america orange julius canada limited h c holdings inc owned castle inc merchant banker members management certain shareholders orange said purchase price consist mln dlrs cash pct redeemable preferred pct hc common equity right receive pct certain royalties proposed licensing program said hc also agreed lend dlrs advance closing already received dlrs orange julius announced proposed sale units letter intent signed february company said reviewing offers buy units decides accept another offer pay hc agreed upon amount hc expenses reuter
purolator pcc director buyout purolator courier corp director resigned company board saying plans take steps make find offer tops mln dlr buyout deal already accepted purolator board company said director gardner resigned march letter purolator board included filing made company securities exchange commission gardner noted terms merger agreement company would bought group managers e f hutton lbo inc bar directors taking action solicit initiate encourage acquisition proposals shareholder wish solicit initiate encourage offer indication interest believe therefore resign director corporation gardner said letter accordingly resign director purolator courier corp effective immediately said gardner said believes shareholders could get better deal buyout offer company would agree sold entity could sell part u courier division march another purolator shareholder filed class action suit behalf company shareholders charging company board fiduciary duty failing take steps ensure shareholders got highest possible price buyout deal would give shareholders dlrs share cash pct purolator mln shares tendered tendered would receive dlrs cash six dlrs debentures warrant buy stock new company exchange share reuter
audio video ava get expenses dixons audio video affiliates inc said receive undisclosed amount dixons group plc connection termination cyacq corp dlr per share tender offer cyclops corp cyl company said amount dixons lieu expenses cyacq tender citicorp cci partner cyacq payment connection dixons previously announced agreement increase tender price cyclops dlrs per share ending competing bid ending litigation parties reuter
healthvest sells shares healthvest maryland real estate investment trust said began selling five mln shares common stock dlrs share company said also selling shares healthcare international inc giving company pct stake healthvest reuter
varian talks philips electronics varian associates inc said holding discussions philips electronics regarding purchase philips broadcast transmission unit united kingdom limited designs manufactures broadcast transmission specializing television reuter
uae government paper yields unchanged yields certificates deposit issued united arab emirates central bank unchanged pct bank said yield applies maturities one two three six months reuter
investor firms pct symbion group affiliated firms led warburg pincus capital co l p new york venture capital investment partnership said acquired shares symbion inc pct total outstanding filing securities exchange commission warburg pincus group said bought stake investment purposes although group said considering buying shares symbion said plans seek control company reuter
swedish current account deficit rises january sweden balance payments current account showed deficit mln crowns january shortfall mln december central bank figures showed compared deficit billion january bank said reuter
mfs managed sectors trust dividend increased semi annual div income cts vs cent prior period payable march record february reuter
ups capital wire stake pct new york investor several investment partnerships controls said raised stake capital wire cable corp shares pct total pct filing securities exchange commission jaguar management co entities said bought capital wire common shares feb dlrs share said group spent total mln dlrs investment company far reuter
diamond shamrock dia sets proration factor diamond shamrock corp said accept pct shares common stock tendered response company offer pay dlrs share mln shares company said expects mail checks representing purchase price mln shares purchased later week returning shares shortly thereafter reuter
cms advertising sets stock split cms advertising inc said board approved three two stock split form dividend payable march holders record march company said similar split paid december eight leaving shares outstanding cms advertising said next split result reduction exercise price stock purchase warrants dlrs share dlrs reuter
products inc nd qtr jan shr profit three cts vs loss nine cts net profit vs loss revs mln vs mln six months shr loss two cts vs loss cts net loss vs loss revs mln vs mln note net includes gain one cts nd qtr six months discount early long term debt repayment reuter
bank fuer ag f year year ended december group net profit mln marks vs mln balance sheet total billion marks vs billion credit volume billion marks vs billion parent bank net profit mln marks vs mln transfer trades union holding co mln marks vs mln payment open reserves mln marks vs mln balance sheet total billion marks vs billion partial operating profit mln marks vs mln interest surplus mln marks vs mln surplus commission mln marks mln ordinary expenditure mln marks vs mln earnings subsidiaries profit transfer agreements mln marks vs mln earnings writing back provisions mln marks vs mln published risk provisions mln marks vs mln credit volume billion marks vs billion group figures exclude bank und ag longer consolidated reuter
ford canada cuts annual dividend six dlrs six dlrs cash share
systems inc year shr profit cts vs loss cts net profit vs loss revs mln vs mln year shr profit seven cts vs loss cts net profit vs loss revs mln vs mln note reflects tax benefit reflects tax benefit quarter year reuter
ocean transport trading plc l year shr net basis p vs p div p making p vs p pretax profit mln stg vs mln net tax mln vs mln minority interest vs mln extraordinary debit mln vs mln turnover mln vs mln note company said sale minority holding balance sheet accelerate development reuter
belgium cuts discount rate pct official
industries ltd st qtr jan net shr four cts vs cts net vs revs mln vs mln reuter
pittston agrees acquire wtc pittston co said tentatively agreed acquire wtc international n v tax free exchange stock pittston said agreed exchange common share wtc common shares outstanding pittston said wtc three principal shareholders pct stock parties agreement granted pittston right first refusal shares wtc granted pittston option buy wtc shares equal outstanding stock agreement subject approval boards wtc shareholders pittston said described wtc fast growing air freight company operations throughout world revenues totaled nearly mln dlrs year ended november quarter ended date earned mln dlrs revenues mln dlrs pittston said burlington air express subsidiary two thirds mln dlrs annual domestic air freight services reuter
foster corp th qtr loss shr loss cts vs profit one ct net loss vs profit revs vs year shr loss dlrs vs profit cts net loss vs profit revs vs mln note year net includes dlr writedown oil properties reserves reuter
financial benefit group inc year loss shr loss cts vs loss cts net loss vs loss revs mln vs mln avg shrs vs note share adjusted stock dividend reverse split reuter
china tighten import control cut export costs china tighten imports ordinary goods restrict even import goods made domestically premier said told national people congress china parliament country foreign exchange limited must used needed expand production import substitutes increase proportion said exports china increase proportion manufactured goods especially textiles light industrial goods electronics machinery said said china lower cost exports control export goods incur much loss china trade deficit billion dlrs record billion said china work provide favourable investment environment foreign businessmen use foreign funds production construction stress firms making goods export import substitutes china also earn foreign exchange contracted labour abroad added reuter
legal general group pre tax profit mln stg vs mln
coffee quota talks continue agreement yet coffee quota talks international coffee organization council meeting continued afternoon producers consumers still reached common ground key issue estimate export quotas delegates said member contact group examining colombian proposal resume quotas april ad hoc system used historically pledge meet september discuss quotas would worked future said delegates would speculate prospects agreement time anything could happen one delegate said reuter
associates industries inc th qtr shr cts vs cts shr diluted cts vs cts net vs revs mln vs mln avg shrs vs year shr cts vs cts shr diluted cts vs cts net vs revs mln vs mln avg shrs vs note results week periods ended january vs week periods ended december net periods includes gain dlrs tax loss carryforward spokeswoman said average shares outstanding diluted basis available reuter
corp year net shr cts vs dlrs net vs revs mln vs mln reuter
hungary devalue forint western units hungary devalue forint average eight pct western currencies official news agency mti said mti say devaluation would become effective expected new rates announced later today hungary devalued forint similar amount last september western bankers say forint valued currencies hungary comecon allies reuter
u k money market gets mln stg late help bank england said provided mln stg late help money market bringing total assistance today mln stg compares bank revised estimate mln stg money market shortfall reuter
canada february unemployment falls pct january pct statistics canada said
n z february current account deficit narrows new zealand current account deficit narrowed mln dlrs february mln january mln february smoothed seasonally adjusted measurement statistics department said first time current account figures appeared seasonally adjusted form non seasonally adjusted smoothed figures show deficit mln dlrs mln january mln february totally unadjusted figures show deficit mln dlrs mln january mln february smoothed seasonally adjusted series shows surplus merchandise trade mln dlrs mln january mln february smoothed non seasonally adjusted figures show merchandise trade surplus mln dlrs mln january mln dlr deficit february unadjusted merchandise figures show surplus mln mln january mln february deficit mln dlrs mln january mln february smoothed seasonally adjusted deficit mln dlrs mln january mln february unadjusted deficit mln dlrs mln january mln february seasonally adjusted export import figures available department said included future current account data smoothed non seasonally adjusted exports mln dlrs unchanged january mln february smoothed non seasonally adjusted imports mln dlrs mln january mln february reuter
thermo process completes thermo process systems inc said completed purchase thermo process services inc subsidiary thermo electron corp thermo process systems said issued shares common stock thermo electron connection sale reuter
former gold firm executives arrested japan public police arrested five former senior executives bankrupt gold deposit business group clients billion yen gold bars never delivered police said case involving toyota shoji company year old chairman death public view june television crews waiting outside home two men way home later emerging company established undertook hold gold deposit investors grew nationwide business operation branch offices employees peak early toyota shoji business group estimated billion yen clients many firm went bankrupt july according lawyers clients could get back neither gold money suffering aggregate loss billion yen local press reports said police said five arrested charge fraud today included former toyota shoji president sixth former executive placed wanted list suspected late billion yen people osaka n kobe six month period firm bankruptcy said day st came two years joint investigation public police questioned firm former employees police said reuter
bankers oppose strict taiwan currency controls taiwan imposed currency controls today bankers called move prevent speculation taiwan dollar u currency strict controls require proof large remittances taiwan connected commercial transactions rather currency speculation bankers attacked controls ineffective saying panic reaction pressure washington faster appreciation taiwan currency u dollar would slow exports united states remittances exceeding one mln dlrs earned exports shipping insurance bank lending need government approval along remittances dlrs source reuter
italian january industrial output falls pct italian industrial production fell pct january compared month last year national statistics institute istat said rise follows year year increase december pct istat industrial production index base seasonally adjusted registered compared january istat said working days january december one fewer january last year istat said year year fall reflected footwear clothing textiles chemicals metals industries said office machinery data sectors wood furniture precision oil electricity showed improved activity calculations based istat figures showed industrial production rose pct january month month basis falling pct december november reuter
stewart warner corp th qtr shr loss dlrs vs profit cts
whittaker corp st qtr jan net oper shr cts vs cts qtly div cts vs cts prior oper net vs sales mln vs mln note prior year net excludes loss discontinued operations dlrs company said common shares outstanding significantly reflecting retirement shares since start august dividend pay april record april reuter
u grain fall week u grain totaled cars week ended march pct previous week pct corresponding week year ago association american railroads reported grain mill product week totalled cars pct previous week pct week year earlier association said reuter
asea group sees flat earnings asea group diversified industrial concern based sweden said expects earnings financial income expense flat compared earned billion swedish crowns mln dlrs company spokesman said results boosted significantly two large orders nuclear power plants gain said balanced return profitability asea power transmission segment loss mln crowns mln dlrs last year currency made crowns dlr spokesman said company built strong backlog orders contribute earnings beyond yearend asea order backlog stood billion crowns billion dlrs billion billion dlrs end asea operations power generation transmission transportation equipment pollution control total sales billion crowns billion dlrs reuter
genova inc st qtr dec net oper shr profit four cts vs loss four cts oper net profit vs loss sales mln vs note prior year net includes dlr tax credit excludes dlr gain early debt retirement reuter
acquires measurement systems inc said acquired measurement systems division page wilson corp undisclosed amount cash said acquisition expected increase annual revenues mln dlrs reuter
britannia coin sell premium new british one ounce gold coin britannia priced basis gold price day purchase plus competitive premium treasury officials said value added tax levied purchases members u k public currently case foreign coins although transactions members london gold market exports coins zero rated decision yet taken face value coins although number gold coins especially canadian maple issued elsewhere attempt take place south african british government still feels gap market british one ounce gold coin british gold coin available present sovereign contains ounces gold gold south africa soviet union used coin officials said adding bullion would bought world gold market analysts said would difficult origins purchases details yet available many coins issued much gold bought traders said amounts involved would unlikely move gold price enquiries britannia coin dealers today value added tax would prove major factor success coin pct tax likely put many investors traders said said britannia come late canadian maple leaf american eagle gold coins already well established reuter
humana inc hum nd qtr feb net shr cts vs cts net mln vs mln revs mln vs mln six mths shr cts vs dlrs net mln vs mln revs billion vs billion reuter
energy reverse split approved energy inc said shareholders approved one reverse split take effect tomorrow company changed name texas petroleum corp reuter
taiwan industrial output falls currency blamed taiwan industrial production index fell largely result rising taiwan dollar pct base february revised january economy ministry said second consecutive monthly fall dropping nine pct january still pct february following extended rise last year january figure revised preliminary ministry official attributed decline falling production non metal products textiles transportation equipment less mining house construction official said decline also caused falling exports february due climb taiwan dollar made taiwanese products expensive expected decline continue next months appreciation local dollar u currency taiwan dollar advanced pct u dollar since september closed u dollar today expected rise dollar end year foreign bankers economists said reuter
wilson brothers th qtr shr loss cts vs loss cts net loss mln vs loss mln revs mln vs mln year shr profit cts vs loss cts net profit vs loss mln revs mln vs mln note year qtr net includes loss dlrs dlrs respectively discontinued operations net includes mln dlr credit year qtr includes gain mln dlrs loss respectively discontinued operations reuter
santa fe southern pacific appeals merger ruling santa fe southern pacific corp later today formally ask u interstate commerce commission icc reconsider earlier rejection merger holding company railroad assets company spokesman said expect file papers late tonight asking icc reopen rail merger case spokesman rich hall said telephone interview company chicago headquarters icc rejected july grounds would reduce competition merger santa fe southern pacific railroads deadline seeking icc reconsideration merger plan midnight tonight reuter
interco inc th qtr feb net shr cts vs cts net vs sales mln vs mln year shr dlrs vs dlrs net vs sales billion vs billion note results reflect two one stock split july reuter
london sugar opens steady quiet raw sugar futures quiet opening call lots prices holding steady last night gains cents tonne dealers said aug trading dlrs asked yesterday modest rise continued recent rally situation dealers noted little fresh physicals news stimulate activity whites tenders scheduled next wednesday syria tonnes greece tonnes pakistan due tender april tonnes whites said week seen whites buying india egypt reuter
bahia cocoa review continued throughout week bahia cocoa zone drought since early january improving prospects coming temporao although normal levels restored comissaria smith said weekly review dry period means temporao late year arrivals week ended february bags kilos making cumulative total season mln stage last year seems cocoa delivered earlier included arrivals figures comissaria smith said still doubt much old crop cocoa still available harvesting come end total bahia crop estimates around mln bags sales standing almost mln hundred thousand bags still hands farmers exporters processors doubts much cocoa would fit export shippers obtaining bahia superior certificates view lower quality recent weeks farmers sold good part cocoa held comissaria smith said spot bean prices rose cruzados per kilos bean shippers reluctant offer nearby shipment limited sales booked march shipment dlrs per tonne ports named new crop sales also light open ports june july going dlrs dlrs new york july aug sept dlrs per tonne fob routine sales butter made march april sold dlrs april may butter went times new york may june july dlrs aug sept dlrs times new york sept oct dec dlrs times new york dec comissaria smith said destinations u currency areas uruguay open ports sales registered dlrs march april dlrs may dlrs aug times new york dec oct dec buyers u argentina uruguay convertible currency areas liquor sales limited march april selling dlrs june july dlrs times new york july aug sept dlrs times new york sept oct dec times new york dec comissaria smith said total bahia sales currently estimated mln bags crop mln bags crop final figures period february expected published brazilian cocoa trade commission ends midday february reuter
financial santa barbara fsb make purchase financial corp santa barbara said signed definitive agreement purchase financial lending operations unit mortgage banking company mortgage undisclosed terms reuter
sell unit gain corp said agreed sell five michigan cable television systems wisconsin cablevision inc dlrs resulting gain six mln dlrs company said sale subject review local authorities systems subscribers said proceeds used retire bank debt company said also entered mln dlr bank credit agreement allow complete prepayment obligations members present bank syndicate company said new credit also allow debt redeem class c series two preferred stock said new facility allowed take full advantage early payment discount mln dlrs principal interest negotiated banking syndicate connection april financial restructuring reuter
malaysian miners say u selling much tin malaysian miners criticised u violating agreement southeast asian producers selling stockpiled tin agreed u general services administration sold tonnes tin well agreed upon annual limit tonnes states chamber mines said latest annual report said u promised limit sales tin memorandum understanding signed six member association southeast asian nations asean december u appears lost sight u asean memorandum understanding chamber said chamber estimated u strategic stockpile held tonnes tin december tonnes excess original stockpile goal main asean tin producers malaysia indonesia thailand produce bulk world tin reuter
group inc nd qtr jan net shr cts vs cts net vs sales mln vs mln avg shrs vs st half shr cts vs cts net vs sales mln vs mln avg shrs vs reuter
treasury baker says reagan unlikely alter opposition oil import fee
singapore bank credit rises january total loans advances extended banks singapore rose january billion singapore dlrs billion december fell billion year ago monetary authority singapore said said increase concentrated loans manufacturing real estate sectors loans commerce sector declined deposits non bank customers also fell january billion dlrs billion december rose billion january total assets liabilities banks rose billion dlrs january billion previous month billion year ago assets liabilities finance companies fell billion dlrs billion compared billion respectively loans extended finance companies rose billion dlrs billion december billion january last year deposits placed dropped billion billion reuter
peter miller apparel group inc rd qtr loss period ended january shr loss cts vs profit seven cts net loss vs profit sales vs nine mths shr loss cts vs profit seven cts net loss vs profit sales vs note per share reflects issue shares october reuter
u leading indicators fell pct jan revised pct dec rise
chubb cb completes sovereign buyout chubb corp said completed previously announced acquisition sovereign corp terms acquisition sovereign shareholders receive tax free exchange share chubb common sovereign share held chubb said transaction valued dlrs share based closing price stock march reuter
r r sell cable system r r sons co said reached agreement adams russell co inc sell adams ill cable system undisclosed price r r said expects deal close days subject regulatory approvals conditions cable system serves subscribers communities park park cherry valley county ill r r said reuter
american television buys time tl unit american television communications corp said completed acquisition manhattan cable television inc time inc class b common shares american television spun time august company said following transaction time owns pct american television reuter
latin coffee meeting held managua representatives brazil colombia mexico nicaragua meet friday discuss economic impact falling coffee prices nicaraguan official announced vice minister foreign trade said participating meeting heads coffee associations four countries say meeting would continue beyond friday said nicaragua supports establishment export quotas effort boost world prices reuter
tricentrol concentrate proven reserves tricentrol plc l said concentrate efforts year proven oil gas reserves order benefits shareholders mid long term said statement confident substantial development funds available tricentrol able disposal interests tricentrol wrote mln stg reorganisation north american operations last year oil prices plunged group incurred net loss mln stg mln profit previous year reuter
manufacturers mhc building manufacturers hanover corp said inc unit acquired dallas office building company said allied bank mln square feet office building one fountain place dallas reuter
reagan latest gnp figures president reagan said pct u economic growth rate final quarter bad commerce department said rate growth gross national product october december period slightly less preliminary estimate pct made earlier time said inflation measured gnp price deflator rose pct period asked reaction gnp report white house photo session reagan replied bad reuter
san juan basin royalty hikes distribution cash distribution cts vs cts prior pay april record march note company full name san juan basin royalty trust reuter
bundesbank billion marks day repurchase pact pct
north american group th qtr oper loss oper shr loss cts vs loss cts oper net loss vs loss revs vs avg shrs vs year oper shr loss cts vs loss cts oper net loss vs loss revs vs avg shrs vs note full name north american group ltd earnings exclude losses reorganization expenses dlrs one ct share vs dlrs two cts quarter losses dlrs six cts share vs dlrs cts share year earnings exclude gains discontinued operations four cts share quarter gains dlrs cts share vs dlrs cts share year reuter
pacific lighting quarterly dividend qtly div cts vs cts pay feb record jan reuter
philippines liquidity rises loan demand falls liquidity philippines rose december loan demand short term lending rates fell central bank said bank official said rose pct provisional billion pesos end december month earlier year year gain pct said short term bank lending rates fell annualised pct end december pct month earlier pct end december poor loan demand rise commercial bank reserves official said bank official said commercial bank reserves billion pesos end december reserves required billion said surplus mln pesos compared deficit mln pesos month earlier deficit billion end reflected political uncertainty last quarter reserve money total available monetary authorities provisional billion pesos end pct billion end november pct billion december bank official noted includes money supply plus savings time deposits deposit substitutes billion pesos end december money supply rose provisional pct billion pesos end december billion month earlier year year rise pct billion end december reuter
international corp year net shr three cts vs cts net vs revs mln vs mln avg shrs vs reuter
union protest dart supermarkets sgl bid united food commercial workers said rank file members union demonstrate monday dart group corp headquarters protesting dart proposed billion dlr supermarkets general sgl supermarkets best known chain supermarket drug stores new york new jersey area also owns home centers union said firmly dart bid workers always ended raw deal current takeover union statement said intend allow members pick tab supermarket general executives bankers dart group stand make millions dart controlled family washington last year made bid california based safeway stores inc hafts lost away least mln dlrs profits analysts estimate union said dart safeway bid forced major restructuring safeway pay hafts lawyers caused loss thousands jobs reuter
moore financial group inc sets payout qtly div cts vs cts prior pay april record april three reuter
agency reports ships waiting panama canal panama canal commission u government agency said daily operations report backlog ships waiting enter canal early today next two days expects due scheduled transit end day backlog average waiting time tomorrow super tankers regular vessels north end hrs hrs south end hrs hrs reuter
inc th qtr jan loss shr loss cts vs loss seven cts net loss vs loss revs mln vs mln year shr profit cts vs profit cts net profit vs profit revs mln vs mln avg shrs vs note per shr adjusted stock split july split may reuter
sciences inc th qtr loss oper shr loss cts vs profit nine cts oper net loss vs profit revs vs year oper shr loss two cts vs profit four cts oper net loss vs profit revs mln vs mln note oper excludes extraordinary gains qtr year reuter
brothers lower stake investment partnership led four sons corp chairman lawrence said cut corp stake equivalent shares pct total shares pct filing securities exchange commission partnership associates said sold shares e convertible preferred stock march dlrs shares preferred stock march dlrs sales leave brothers shares preferred stock converted shares common stock reuter
money market mutual funds fall billion dlrs latest week ici says
chirac reagan discuss arms control trade french prime minister jacques chirac opened talks president ronald reagan expected focus superpower arms control moves trade issues french officials said major aim chirac visit present france concern united states might european security interests accord moscow removing medium range nuclear missiles reagan expected assure chirac agree deal geneva superpower talks would give shorter range systems diplomats said france expressed doubts removing u missiles europe long soviet union maintains edge particularly shorter range conventional forces chemical weapons speaking last night chirac set french position saying agreement intermediate nuclear forces mention achieved short range missiles reagan chirac meanwhile signed agreement ending dispute two leading research institutes patent rights blood test deadly disease aids joint statement chirac reagan said institute paris national institute maryland agreed give part royalties test new foundation dedicated fight aids acquired deficiency agreement opens new era franco american cooperation allowing france united states join efforts control disease hopes development aids reagan said signing ceremony said two parties would share patent give per cent royalties received new foundation foundation would also raise private funds would per cent money combat aids less developed countries leaders stressed long ties france united states welcoming ceremony white house east room reagan describing france america war come tell remain freedom face dangers war hunger new diseases drugs chirac replied two countries likely less agree issue trade chirac worried rise protectionism u congress senior u official yesterday dismissed french idea sell cut price grain poor countries africa way surplus stocks chirac expected support idea first proposed french agriculture minister francois two day visit washington u official described idea grain producers opec reference organization petroleum exporting countries said went reagan administration desire lessen government intervention trade reuter
music systems inc th qtr loss shr loss cts vs loss cts net loss vs loss revs vs avg shrs vs year shr loss cts vs loss dlrs net loss vs loss revs vs avg shrs vs reuter
usa year net shr cts vs cts net vs revs mln vs mln reuter
bank france buying dollars sources say bank france intervened paris foreign exchange market morning third successive day banking sources said like yesterday bought dollars sold yen small amounts said one dealer said seen market twice early dealing buying five mln dlrs time dealers also reported small scale intervention stabilise dollar aggressive selling overnight tokyo bank japan also intervened dollar around francs easing early trading opening closed yesterday one major french bank said bought mln dlrs central bank selling yen within trading range yen dollar compared yesterday rate intervention carried yen later firmed around reuter
u bank discount borrowings average mln dlrs day march week fed says
kaneb energy partners ltd kep th qtr loss shr loss one cent net loss revs mln mths shr loss dlrs net loss mln revs mln note february kaneb services inc contributed domestic oil gas operations kaneb partners newly formed exchanged approximately depositary units limited partnership interests kep approximately million shares outstanding common stock kaneb inc kaneb owns approximately pct kep mths operation partnership wrote carrying value oil gas properties mln dlrs write downs reduced income dlrs per limited partnership unit reuter
noranda says fire caused mln dlrs damage noranda inc said copper mine fire killed one miner trapped others nearly day caused estimated mln canadian dlrs damage fire started wednesday burned hours destroyed mine three year old conveyor system officials said michel vice president operations said noranda operate mine one third normal short ton annual finished capacity using ground reserves decides whether keep mine open events sustained yesterday day serious setback gaspe mines operations said gaspe mines name noranda division operates murdochville mine said would take four five months bring operations full capacity company decides adding believes good chance noranda fully reopen mine reuter
nacco industries report nd qtr gain nacco industries inc said report gain second quarter mln dlrs dlrs share sale stock subsidiary nacco said north american coal corp unit received notice consolidation coal co unit du pont co dd exercise option buy stock mining co subsidiary north american coal stock north american coal receive mln dlrs mln paid closing april rest company said addition pay dividend north american coal mln dlrs retained earnings closing funds previously used finance mining operations consolidation coal got option group utilities received option nacco nacco reported earnings mln dlrs dlrs share last year second quarter generated mln dlrs net income equal cts share nacco total earnings dlrs share produced mln short tons mln tons produced north american coal nacco said reuter
fed may add reserves economists say federal reserve may intervene government securities market add reserves today economists said although others felt fed likely refrain action believed fed intervene said would probably add temporary reserves indirectly via two billion dlrs customer repurchase agreements others noted fed current add need large also expected federal funds rate edge lower fed funds averaged pct monday opened pct remained level early trading reuter
inc makes acquisition inc said completed acquisition american corp us subsidiary provide long distance telephone service northeast florida terms disclosed shareholders include norfolk southern corp nsc com inc centel corp cnt corp e f hutton group inc efh reuter
corp six mths dec net shr four cts vs three cts net vs revs mln vs mln reuter
sell cable systems eagle enterprises inc said signed letter intent sell seven cable television systems representing subscribers eagle cable terms acquisition disclosed reuter
itel itel gets financing buy itel corp said obtained commitments syndicate banks six year secured loan mln dlrs separately filed registration statements two public offerings total mln dlrs fund december acquisition bros inc said one offerings new mln dlrs issue convertible exchangeable series c preferred mln dlr issue seven year senior subordinated notes offerings merrill lynch capital markets said portion proceeds offerings together proceeds form new bank loan used repay mln dlr bridge loan merrill lynch co inc mer provided itel buy itel said banks obtained commitments include manufacturers hanover trust co mhc chemical bank new york first national bank chicago reuter
kay inc th qtr net shr dlrs vs dlrs net mln vs revs mln vs mln year shr dlrs vs dlrs net vs revs mln vs mln reuter
strike close new zealand ports monday harbour workers said strike hours monday effectively closing new zealand ports strike wage negotiations harbour employees workers union spokesman told reporters ship movements ports midnight sunday hrs gmt march loading involving harbour board workers cook strait ferries provide vital link new zealand north south islands run added reuter
bond corp completes consolidated press purchase bond corp holdings ltd said completed billion dlr purchase electronic media interests unlisted consolidated press holdings ltd new company bond media ltd holds television broadcasting associated businesses previously held consolidated bond corp said statement made sale january director bond media previously reported bond media publicly floated rights issue bond corp shareholders bond media pct owned bond corp expected listed end may said reuter
h h oil tool co th qtr loss shr loss six cts vs profit two cts net loss vs profit revs vs year shr loss dlrs vs loss cts net loss vs loss revs mln vs mln note year includes special charge dlrs cts per shr write rental equipment reuter
knight inc sets quarterly qtly div cts vs cts prior pay april record april six reuter
caesars world caw rejects sosnoff offer caesars world inc said board unanimously rejected dlr share takeover offer new york investor martin sosnoff caesars said sosnoff offer outstanding shares common stock inadequate best interests shareholders company recommended shareholders reject sosnoff offer made mts acquisition corp tender shares caesars said explore variety alternative transactions elaborate caesars brief statement say whether would seek buy back shares held sosnoff caesars spokesman said company would comment decision wednesday sosnoff told securities exchange commission controls pct company stock sosnoff also informed sec caesars offered buyout holdings several times past year one sosnoff organization immediately available comment caesars said financial advisor drexel burnham lambert inc determined sosnoff offer financially inadequate shareholders sosnoff company said factors considered rejecting offer financial condition future prospects current market conditions numerous conditions sosnoff bid conditioned caesars stock opened point point sosnoff offer price reuter
cineplex odeon corp year oper shr basic dlrs vs cts
banner bnr completes rexnord share purchase banner industries inc said completed previously announced purchase rexnord inc rex said owns pct rexnord outstanding following purchase rexnord common validly tendered pursuant dlr per share cash tender offer ended february banner also said received mln dlrs pursuant credit agreement citicorp industrial credit inc bank nova scotia mln dlrs offering made drexel burnham lambert inc merger rexnord subsidiary banner mid may company said reuter
mitsui security pacific spc set pact mitsui co ltd said signed letter intent security pacific corp buy pct japan security pacific finance co ltd undisclosed sum form joint venture japan security pacific assets mln dlrs joint venture introduce various financial products customer base mitsui group companies company said security pacific provide expertise consumer commercial lending well data processing support japan security pacific finance wholly owned subsidiary security pacific international finance inc owned security pacific corp security pacific said addition consumer commercial loans leases joint venture market related financial products services reuter
dart group said offers buy supermarkets general dlrs shr
haiti announces find ore rich gold field ministry mines announced discovery major gold field grand haiti mineral rich north press conference yesterday ministry spokesman reported deposit contained estimated mln tons ore ton capable containing grams gold spokesman gave estimate thought find discovered wednesday worth however mining could begin foreign partners invest eight mln dlrs needed technical equipment spokesman said haitian government never operated gold mine united nations recently completed three year feasibility study lists grand sites important gold deposits copper mine operated canadian firm closed years mining concentrate containing gold well copper new grand mine represents large amounts money said former official mine like everything else gold first someone come money finance operation official asked named told reuters reuter
south korea leading indicators fall december south korea index leading indicators fell pct base december pct rise november representing pct year year gain december economic planning board provisional figures show index based indicators include export values letters credit received warehouse stocks money supply figures composite stock exchange index reuter
china province boosts gold output gold output northeast china province rose pct level new china news agency said gave figures said province china second largest gold producer plans double gold output level china publish gold production figures however industry sources estimate output tonnes year exports put tonnes china selling gold abroad offset large trade deficits recent years western diplomats said reuter
shell u k ltd year sales proceeds billion stg vs billion duty value added tax billion vs billion net proceeds billion vs billion net profit mln vs mln average capital employed billion vs billion capital exploration expenditure mln vs mln cash surplus mln vs mln note company wholly owned subsidiary royal dutch shell group rd reuter
holding co th qtr net oper shr seven cts vs cts oper net vs revs vs avg shrs vs year oper shr cts vs cts oper net vs revs mln vs mln avg shrs vs note net excludes realized gains investments dlrs vs dlrs quarter dlrs vs dlrs year reuter
penney jcp smith barney opinion j c penney co stock rose sharply analyst william smith smith barney recommended stock based company strong earnings momentum possibility stock buyback dividend hike stock split traders said impressed strong basic earnings story analyst smith said noting company fine buying inventories controlled costs time needed stock jumped smith said company ended strong cash position mln dlrs compared mln dlrs year possibility share buyback significant dividend increase stock split said addition said company gradually adjusting merchandise mix gross margins improving smith expects company earn dlrs share compared dlrs share earned last year last year results include cent charge buyback debt reuter
usda grain inspection advisory committee meeting federal grain inspection service advisory committee meet monday april u agriculture department said items agenda meeting scheduled begin edt grain quality issues status proposed regulations financial matters safety matters department said federal grain inspection service advisory committee composed members representing grain industry provide advice administrator federal grain inspection service reuter
iran says better weapons silkworm iranian prime minister said iran effective missiles disposal shore sea missiles u concern tehran radio reported u state department spokesman said last week iran acquired chinese made silkworm missiles greater threat shipping gulf weapons previously used tehran radio monitored british broadcasting corp quoted saying tehran officially announced forces southern iraq peninsula february last year shore sea missiles fact americans much delay thinking expressing concern panic reagan needs said speaking cabinet meeting tehran also announce today missiles limit war capabilities gulf added said security gulf region nothing u iran would resort action defend gulf even actions thought probable reuter
saudis drop condition oil sale brazil saudi arabia dropped condition brazil secure international bank guarantees arabia would ship oil state oil company petrobras said statement petrobras said saudis accept banco brasil credit guarantees petrobras cancelled mln dlr crude oil purchase saudis yesterday refused accept letter credit official bank brazil saudis demanded brazil get credit guarantees leading international banks petrobras said saudis advised change mind monday petrobras would negotiate purchase oil producers petrobras statement said shipment mln barrels made saudis march scheduled shipment part contract signed february saudis supply brazil barrels per day june reuter
waste management wmx hikes chemlawn chem bid waste management inc said amended offer buy outstanding shares chemlawn corp dlrs share thursday company said prepared bid dlrs share original dlrs share offer result price increase made waste management wholly owned subsidiary wmx acquisition corp offer extended withdrawal rights expire midnight edt april two unless extended waste management also said amended offer provide tender offer price reduced chemlawn cts share dividend payable holders record april reuter
ussr cut coal price japanese soviet union agreed cut coal export prices japanese steel mills five dlrs tonne starting april exchange increase export volume industry sources said prices set dlrs tonne coal dlrs coal fob japan import total mln tonnes areas mln year earlier said steelmakers asked moscow agree cutback mln tonnes soviet union urged japan increase amount mln said reuter
usx x unit raises steel prices usx corp said uss steelmaking division increased prices plate h pile products effective may three shipments said price base carbon high strength low alloy h increase cts per pound effective shipments beginning june price carbon alloy plates increase cts per pound strip mill plate prices rise cts per pound said price increases plate h pile products apply shipments uss plants reuter
inc th qtr net shr three cts vs six cts net vs revs vs avg shrs vs year shr cts vs eight cts net vs revs vs avg shrs vs reuter
macmillan stock split approved macmillan ltd said shareholders approved company previously reported proposed three one stock split reuter
conoco raises crude oil prices one dlr barrel wti dlrs
inc votes quarterly dividend qtly div cts vs cts prior qtr pay may record april reuter
canadian money supply rises mln dlrs week bank canada said
henley heng santa fe southern sfx stake henley group said k filing securities exchange commission mln shares close five pct santa fe southern pacific corp spokesman said response questions reuters henley spokesman said filing december company still holds shares investment happy beyond comment spokesman said reuter
fortune savings buy financial branch fortune savings bank said agreed buy deposits assume financial security savings loan association branch terms agreement disclosed fortune said agreement subject regulatory approval also said transaction approved financial would generate profit sale reuter
national australia bank lowers benchmark prime national australia bank ltd said lowered benchmark prime lending rate pct effective today left base rate benchmark reduction brings rate line prime rates australia trading banks including two three major trading banks however rate pct lowest ruling rate set major australia new zealand banking group ltd anza friday effective today benchmark based short term interest rate movements base rate tied longer term trends reuter
acquires high tech firm corp said acquired based west germany high technology concern specializing surface science instruments terms acquisition disclosed said became part physical electronics division based minn division part materials surface technology group reuter
bank new york bk raises prime pct bank new york said raised prime lending rate quarter point pct said move effective immediately reuter
echlin ech buys stake champion parts champion parts inc said echlin inc bought pct stake acquiring newly issued shares warrants buy another shares dlrs total investment dlrs newly issued shares raises champion outstanding shares voting restrictions new shares champion board expanded include two three independent persons suggested echlin said champion use proceeds pay long term debt said echlin agreed limits buying additional champion shares ability seek control champion next seven years champion said echlin also receive protection decline price champion stock seven years echlin could receive one time payment option cash stock ranging one dlrs share four dlrs share extent market price champion shares less nine dlrs share times reuter
united biscuits pretax profit mln stg vs mln jan
brazilian monthly inflation slightly brazilian consumer prices rose pct february compared january record rate pct brazilian geography statistics institute said statement february rise brought increase consumer prices since introduction anti inflation cruzado plan year ago pct reuter
first national corp th qtr shr loss cts vs loss cts net loss vs loss revs vs nil year shr loss cts vs loss cts net loss vs loss revs vs nil reuter
price co nd qtr march net shr cts vs cts net mln vs mln sales mln vs mln avg shrs mln vs mln st half shr cts vs cts net mln vs mln sales billion vs billion avg shrs mln vs mln note twelve week periods reuter
keycorp key agrees acquire utah bank keycorp said signed definitive agreement acquire commercial security bancorp exchanging keycorp common valued dlrs commercial securities share keycorp said gives transaction indicated value mln dlrs keycorp said amount stock exchanged based daily average closing price shares unspecified period prior closing acquisition based maximum keycorp shares minimum keycorp exchanged agreement provides average price keycorp common less dlrs share pricing period agreement terminate unless new conversion ratio negotiated keycorp said transaction designed tax free commercial security shareholders company said merger pooling interests said proposal subject approval commercial security shareholders various regulators keycorp said merger expected become effective soon possible december date utah interstate banking law becomes operational keycorp said richard k certain members family pct commercial security outstanding shares agreed vote favor transaction dispose stock based salt lake city commercial security ended assets mln dlrs net loans mln dlrs deposits mln dlrs net income mln dlrs dlrs share mln average shares outstanding last year reuter
corp st qtr jan net shr profit three cts vs loss seven cts net profit vs loss revs mln vs mln reuter
science management corp th qtr oper net oper shr profit cts vs loss cts oper net profit vs loss revs mln vs mln avg shrs vs year oper shr profit cts vs loss cts oper net profit vs loss revs mln vs mln avg shrs vs note excludes gain dlrs vs loss dlrs qtr gains dlrs vs dlrs year tax loss carryforwards includes gains dlrs dlrs qtr year respectively reuter
utilicorp ucu completes acquisition utilicorp united inc said completed acquisition west virginia power dominion resources mln dlrs sale approved west virginia public service commission january became effective march one west virginia management continue responsible operating utility said reuter
fhlbb changes short term discount note rates federal home loan bank board adjusted rates short term discount notes follows maturity new rate old rate maturity days pct pct days days pct pct days days pct pct days days pct pct days pct days pct days pct days reuter
goldman sells st pennsylvania stock goldman sachs co told securities exchange commission sold nearly entire stake first pennsylvania corp shares pct total outstanding common stock goldman sachs said first pennsylvania common shares remaining february company redeemed convertible debentures common stock increased goldman stock holding total outstanding goldman sachs said originally bought stake part arbitrage business marine midland banks mm agreement principal acquire first pennsylvania reuter
ireland put colorado alert irish agriculture department issued colorado alert today three found box imported france officials said colony black potato field day lay eggs boxes already distributed markets department called trade alert reuter
u k money market given late help mln stg bank england said provided money market unspecified late assistance around mln stg brings total assistance day mln stg compared liquidity shortfall estimated revised mln stg overnight interbank sterling offered eight pct shortly bank announcement reuter
cyclops corp says cyacq amended offer restates original conditions
du pont dd ups stake systems du pont co increased equity stake systems inc pct pct systems said systems venture capital firm based houston makes digital imaging equipment reuter
general mills sees strong th qtr results general mills inc reporting stronger results third quarter ended february said expects momentum continue fourth quarter company said expects report strong earnings per share growth record return equity fiscal said achieved despite expected non operating charges final quarter general mills said charges likely offset non operating gains included six cts share first half general mills said end third quarter return average equity pct said major factors contributing third quarter improvement pct gain unit volume consumer foods continuing good profit growth red usa strong performance specialty retailing company reported quarterly earnings mln dlrs cts share mln dlrs cts share year ago sales rose billion dlrs billion dlrs year ago data reflect two one common stock split reuter
consolidated natural gas co cng payout qtly div cts vs cts prior pay may record april reuter
corp nd qtr jan loss shr loss seven cts vs profit five cts net loss vs profit sales vs six mths shr loss five cts vs profit nine cts net loss vs profit sales vs reuter
yeutter says u japan trade difficulties remain u trade representative clayton yeutter said unsure whether trade issues straining u japanese relations would resolved two countries open trade talks late april high level discussions issues within united states relationship strained us japan moment need relieve strains earliest possible date said sure wait late april added yeutter new zealand two day informal meeting trade ministers reviewing uruguay round general agreement trade tariffs gatt said meet japanese delegation next days declined discuss methods relieving strain two countries yeutter said earlier three trade issues semiconductors japanese government unwillingness allow public entities buy u super computers barring u firms eight billion u dlr kansai airport project near osaka japanese delegation gatt talks said statement yesterday making major efforts trade barriers country convinced attempting move policies right direction question far fast yeutter said reuter
sun co ltd year shr h k cents vs final div six cents vs three making nine cents vs net mln dlrs vs mln note extraordinary gains mln dlrs vs mln special bonus four cents vs nil dividend payable may books close april may reuter
ussr crop weather summary usda gradual continued regions western soviet union week ended april joint agricultural weather facility u agriculture commerce departments said international weather crop summary agency said region fell rain southern snow cover continued slowly said moderate deep snow cover northern half northern north lower one month later usual said agency said average weekly temperatures normal southeast near normal southwest northeast normal northwest winter grains remained region warm weather crop areas adjacent black sea coast said reuter
unit buys canadian ski boot maker french ski equipment maker said pct owned subsidiary sa agreed buy canadian ski stick boot manufacturer warrington inc spokesman declined give financial details said turnover mln french francs doubling group activities boot stick sectors reuter
corp year net shr cts vs cts net vs sales mln vs mln note results include operations new england inc acquired sept reuter
supply liquidating payout supply co said board declared second liquidating dividend dlrs per share payable march shareholders record march company paid initial liquidating dividend dlrs per share january eight reuter
brazil treasury release coffee buying funds treasury department due release funds brazilian coffee institute ibc pay coffee purchased local producers ibc said statement ibc production director said statement payment would made within official guarantee prices statement said ibc sending document national monetary council asking government set budget purchase institute five mln bags coffee june said statement problems concession funds treasury payment coffee delivered ibc warehouses producers said producers already delivered mln bags mln bags paid future according agreement signed treasury institute longer need seek approval treasury seek release additional funds buy coffee statement said reuter
nymex expand hour trading april one new york mercantile exchange set april one new procedure energy complex increase use energy futures worldwide april one nymex allow oil traders hold futures position initiate exchange closes transaction subsequently futures market according exchange spokeswoman change way oil real world said said thomas co chairman foreign traders able hedge trades nymex prices exchange opens negotiate prices differential nymex prices explained expanded program serve industry oil market close nymex said frank secretary century resources inc rule change already taken effect platinum futures nymex expected increase open interest liquidity u energy futures according traders analysts currently least one trader transaction called exchange physical must hold futures position entering transaction new arrangement neither party hold futures position entering one parties offset cash transaction futures contract next day according exchange officials nymex announced proposed rule change december nymex president said expansion provision add energy markets providing effect hour trading commodity futures trading commission approved rule change february according spokeswoman reuter
hughes tool ht merger speculation hughes tool co rose one shares apparently reflecting belief baker international corp bko able hughes go along previously announced merger analysts said week hughes seemed back merger said still interested talking like baker wants people convinced deal going go stock goes said analyst pace kidder peabody co holders hughes would get share baker hughes share reuter
new cooper basin gas pool discovery reported delhi petroleum pty ltd said second gas flow recorded formation block five six new pool discovery four appraisal well flowed gas cubic meters day four condensate mm surface choke interval meters formation earlier reported flowing gas day delhi said statement well two km south south east km south east field km east delhi said remaining objective well formation interest holders four well santos ltd stos pct delhi ltd south australian oil gas corp pty ltd pct reuter
corrected lilly industrial coatings inc st qtr feb end shr cts vs cts net vs sales mln vs mln avg shrs vs note share adjusted five pct stock dividend august company corrects current year sales reuter
avon products sees higher earnings avon products inc conglomerate strong turn around said expects sales earnings climb higher year annual report company also said expects maintain current annual two dlr dividend basis continued upward earnings avon operational earnings rose pct mln dlrs mln dlrs year earlier sales rose pct billion dlrs said dlrs share earned last year highest five years still well company time high dlrs share reuter
miller pct penn traffic miller co said received accepted common shares penn traffic co response dlr per share tender offer expired friday together shares already owned pct penn traffic company said penn traffic expected hold special shareholders meeting later month approve merger miller tender price said two miller representatives named penn traffic board march four serve directors penn traffic president chief executive officer company said received financing transaction first national bank minneapolis salomon inc sb reuter
first new hampshire banks inc div qtly div cts vs cts prior payable may one record april reuter
u midnight set orange juice duties decision final dumping duties frozen orange juice brazil may issued tomorrow commerce department officials said said department midnight tonight set duty may make finding public tomorrow preliminary duty pct set last oct final duty based detailed information officials said reuter
sweden revises january inflation figure sweden rate inflation january revised downwards made calculating figures central bureau statistics said january rise consumer prices pct instead previously announced pct bureau said without explaining error arose consumer prices february rose pct compared pct february last year bureau said total inflation rate far year therefore pct allowing january revised figures added year year inflation rose pct february revised pct january year year rate pct february bureau said slowdown price rises mainly due government imposed price freeze came force february bureau added reuter
canadian seafarers threaten strike canadian seafarers almost certain go strike spring refusal meet wages benefits asked employers seafarers international union official said percent guarantee strike said interview union represents workers great lakes canada east west coasts contract talks broke january appointed try help settle dispute current contract expires end march seafarers employers also asking reduction crew levels move union said would cost jobs reuter
niagara cut costs niagara corp said cautiously optimistic results improvements said studying measures cut operating costs measures include management salaries positions reducing overtime spokesman said company current plans lay workers company declined say much cost savings would amount five year forecast expected issued early summer spokesperson said company said redeemed mln dlrs high cost debt hopes redeem debt year niagara earnings per share fell dlrs dlrs company said earnings reduced primarily result reduction early earnings return equity allowed n state public service commission niagara said concerned continued lowering authorized return grant fair return equity reuter
securities dealer leaseway stake associates n j securities dealer told securities exchange commission acquired shares leaseway transport corp pct total outstanding common stock limited partnership said bought stock mln dlrs investment ordinary course business securities dealer left open possibility might buy leaseway stock sell current stake said plans seek control company reuter
united industrial corp th qtr loss shr loss dlrs vs profit cts net loss mln vs profit sales mln vs mln year shr loss cts vs profit dlrs net loss vs profit mln sales mln vs mln avg shrs mln vs mln note net includes tax credits mln dlrs quarter dlrs year year net includes dlr loss discontinued operations mln dlr gain disposal net periods includes mln dlr provision future losses several major projects defense contractor subsidiary backlog mln dlrs six pct year share adjusted pct stock dividend february reuter
declares stock dividend financial corp said declared stock dividend one class share two class shares held payable may shareholders record april reuter
nakasone microchip dispute u prime minister yasuhiro nakasone intervened try resolve japan escalating dispute u semiconductor trade government officials said today cabinet meeting nakasone told trade industry minister hajime tamura efforts calm u anger sees japan unfair trade practices semiconductors nakasone intervened two days scheduled meeting reagan administration economic policy council consider whether japan reneging microchip pact u pact agreed last year months negotiations calls japan stop selling cut price chips world markets raise imports u semiconductors senior u officials accused tokyo failing live accord threatened retaliatory action yesterday tamura ministry international trade industry miti launched last ditch attempt salvage pact writing letters u policy makers setting japan case telling japanese chip makers cut output letter contents released today tamura said miti survey carried beginning march showed japanese producers selling cut rate prices asian markets separate letter sent senior u officials miti vice minister international affairs makoto kuroda suggested two countries could conduct joint investigation allegations japanese chip dumping markets reuter
minorco sees improved second half minorco said expects net earnings substantially stronger mln dlrs reported first half reporting first half results declined mln dlrs minorco said contributions pct investment december adobe resources corp negative result low oil gas prices reuter
entertainment publications sees cts shr rd qtr loss units disposal
america inc th qtr loss shr loss five cts net loss revs avg shrs mln year shr loss seven cts net loss revs mln avg shrs mln note company started operating august results reflect change fiscal year november end reuter
co sets quarterly qtly div cts vs cts prior pay may record april reuter
mannesmann sees difficult year capital goods mannesmann ag f expects difficult year capital goods industry chief executive werner dieter told news conference dieter said west german producers would see downturn foreign business lower energy prices higher mark well deterioration economies customer nations domestic business also declining orders west german engineering goods falling since july dieter said mannesmann profit fell undisclosed amount dieter said mannesmann pipe activities would suffer set back although measures cut costs started last year effect dieter noted however related products accounted less pct mannesmann turnover company saw good chances automation sector dieter said become one mannesmann strategic aims said company drive combine activities mechanical electronic engineering particular plus point mannesmann mannesmann yesterday announced agreed take majority stake fichtel und sachs ag car parts group undisclosed sum saw third party group turnover fall nine pct billion marks world group net profit mln marks blamed fall profits weaker dollar lack demand steel pipe dieter said signs prices steel pipe would slowly start rise added company would continue cut personnel sector year reuter
n business loans fall mln dlrs march week fed says
bank finland trade banks certificates bank finland said started dealings banks certificates deposits cds immediate effect prepared issue paper stimulate operations domestic money market bank finland governor told news conference bank also limit credits call money market march introducing maximum credit amount penalty rate banks exceed ceiling recent introduction three month money new regulations decreasing role call money market discount rate monetary instruments said bankers welcomed central bank measures saying needed accelerate domestic money market bank finland never allowed issue cds said central bank first time instrument really influence price money country one banker said new rules banks limited call money credits maximum pct total equity capital cash reserves penalty rate interest pct introduced limit exceeded director bank finland monetary department said expected bank pursue active policy interbank market issuer cds free maybe monday issue first see system overall think issue least times week told reuters said bank likely aim cds three month maturity first market best developed paper maturity bank finland introduced last december three month credits deposits rates determined central bank commercial banks shift away traditional overnight call money market liquidity call credit market fallen around nine billion markka early december mln last week three month credits risen three four billion interbank market increasing trade banks cds estimated eight billion markka addition commercial paper accounts around five billion markka treasury bills two billion reuter
glynwed sees progress glynwed international plc l statement accompanying results present indications started well confident year one progress company added results u poor deterioration south african economy left industries unit loss one mln stg said continuing improvement core businesses extraordinary items debit mln stg arose closure disposal various businesses reuter
japan plus cd money supply rose pct year february jan official
american express rumors pct shearson sold japanese firm traders say
restaurant corp th qtr loss ended jan shr loss cts vs loss one ct net loss vs loss revs vs year shr loss cts vs loss two cts net loss vs loss revs mln vs mln note current periods include charge mln dlrs cts restaurant closings reuter
berliner bank losses stuttgart loans berliner bank ag suffered losses mln marks credits granted stuttgart branch officials exceeding powers bank spokesman said answer queries spokesman declined say exactly large losses berliner bank suspended three managers stuttgart branch continuing investigation case state also participating fact powers exceeded emerged routine check branch city west berlin owns pct berliner bank rest held small shareholders reuter
lennar sees strong earnings year lennar corp chairman president leonard miller said current backlog orders strong economy point strong revenues earnings balance fiscal said company backlog sales deposits feb increase units previous year lennar recorded net earnings first quarter cts per share compared cts per share prior first quarter recorded net earnings mln dlrs dlrs per share fiscal company also said april annual meeting shareholders vote increasing company authorized common stock mln shares mln include mln shares common stock mln shares class b common stock added shareholders elect convert shares class b stock entitled votes per share shareholders retain one vote per share lennar said company said approved pay holders class b stock quarterly cash dividend five cts per share holders common stock quarterly cash dividend six cts per share reuter
ferc decision could cut columbia gas net columbia gas system inc said federal energy regulatory commission decision today natural gas cost recovery could reduce earnings dlrs share company said could bring earnings columbia stated goal earning less dlrs per share dividend earned dlrs share said management expects recommend board dividend rate maintained columbia gas said impact ferc decision may offset one time accounting change future tax liabilities new federal tax laws company recorded liabilities based older higher tax rates action considered financial accounting standards board could result gain dlrs share explained thus good chance attain earnings goal although way originally planned columbia gas said columbia gas said ferc decision would limit recovery certain gas contract costs columbia gas transmission corp company principal pipeline subsidiary said decision specifically excluded purchased gas adjustment filing pipeline costs related payments made producers reform gas purchase contracts excluded grounds subsidiary failed sufficiently support cost recovery company said subsidiary making new filing provide sufficient support reuter
carbide uk looks acquisitions growth union carbide corp looking acquisitions joint ventures aid chemicals plastics growth according h w president chemicals plastics describing major departure company approach commercial development told annual new business forum commercial development association looking acquisitions joint ventures look like promising routes growth markets identified long ago union carbide attitude worth worth go alone explained said times profitable market done best partner see need resources technology may link profitably someone already said carbide extended business way extending specialty chemicals business way reuter
edelman group plan buy morse shoe group led new york investor asher edelman said morse shoe inc agreed provide confidential company information group would make offer buy morse friendly negotiated deal group also said filing securities exchange commission members would without morse approval buy offer buy company securities giving group pct stake company edelman group said terms held earlier days march date morse announces definite agreement sale time edelman group said cut stake morse pct pct reuter
south korean money supply rises february south korea money supply rose pct billion february billion january fell revised pct december provisional bank korea figures show february figure pct year earlier money supply rose pct billion february january fell pct december february figure marked year year rise pct bank previously said fell pct january reuter
metropolitan federal make acquisition metropolitan federal savings loan association said signed letter intent acquire american trust tenn undisclosed amount cash american trust year end assets mln dlrs reuter
african consumer price inflation rises slightly south african year year consumer price inflation rose slightly pct february falling sharply pct january pct december central statistics office figures show monthly rise items index base pct february pct increase january year ago index stood year year consumer price inflation pct reuter
baker bko sell pump unit baker international corp said signed definitive agreement sell assets business electric submersible pump product line continental u baker oil tools inc subsidiary trico industries inc undisclosed amount cash consideration company said transaction subject hughes tool co ht baker shareholder approval baker hughes merger u justice department announced require divestiture product line approval merger baker said transaction subject approval justice department boards baker hughes trico reuter
egyptian central bank dollar rate unchanged egypt central bank today set dollar rate commercial banks march dollars unchanged previous rate reuter
u k money market liquidity position expected flat bank england said forecast flat position money market today among main factors maturing assistance take treasury bills drain mln stg rise note circulation mln stg outflow offset mln stg exchequer transactions bankers balances target mln reuter
princeville pvdc gets letter credit qintex ltd brisbane said westpac banking corp australia issued commitment letter provide princeville development corp letter credit required qintex proposed acquisition princeville letter credit would ensure payment princeville contingent subordinated notes distributed shareholders record day immediately following completion qintex tender princeville share said issuance letter credit still subject conditions including appropriate documentation letter expected issued around april three qintex said result extended tender offer princeville shares april three said yesterday received shares offer reuter
capital bancorp sees gain unit sale capitol bancorp said sold pct interest cap mortgage co inc mln dlrs adding expected result tax gain dlrs reported first quarter capitol bancorp said cap mortgage interest sold michael president cap mortgage robert fox president fox properties inc already held pct cap mortgage stock reuter
scientific micro systems scientific micro systems inc said acquired technology rapidly growing supplier enhancement products disc drive apple personal computer market scientific micro said acquired common stock exchange mln shares common stock stock closed dlrs bid friday privately held firm based mountain view california scientific micro reported net profit dlrs revenue mln dlrs fiscal expects revenue approximately double reuter
borg warner sell industrial products business mln dlrs
ste francaise des petroles bp pa year net result breakeven profit loss vs breakeven operating loss mln francs vs mln net turnover billion francs vs billion sales petroleum products mln tonnes vs mln note company said statement results affected sharp fall crude oil prices net result included extraordinary recovery mln francs provisions currency fluctuations mln francs depreciation fixed assets company subsidiary british petroleum co plc bp l reuter
stone inc sets quarterly qtly div cts vs cts prior pay may record april one reuter
nakasone conciliatory note chip dispute prime minister yasuhiro nakasone sounded conciliatory note japan increasingly bitter row united states trade computer microchips japan wants resolve issue consultations explaining stance thoroughly correcting points need corrected quoted news service saying expressing regret america decision impose tariffs imports japanese electrical goods nakasone said tokyo willing send high level official washington help settle dispute government officials said japan would make formal request next week emergency talks two sides would probably meet week days april deadline set washington tariffs take effect tokyo expected propose joint u japan investigation american claims japanese companies dumping cut price chips asian markets yesterday washington announced plans put much mln dlrs tariffs imports certain japanese electronic goods retaliation sees tokyo failure live bilateral chip pact agreement late last year months heated negotiations called japan stop selling cut price chips world markets buy american made chips nakasone comments seemed conciliatory trade industry minister hajime tamura earlier today said japan ready take appropriate measures washington went ahead sanctions ministry international trade industry miti officials later sought significance tamura remark said main message two sides need talk issue admitted japan considering taking united states gatt geneva based international organization world trade washington imposed tariffs japanese action would probably taken article general agreement tariffs trade gatt said article gatt would set panel consider u action officials said hope avoided may thinking possibility united states may lift decision early date tamura said announcing u sanctions yesterday president ronald reagan said prepared lift evidence japan longer dumping chips world markets opened market imports japanese government officials said confident make pact work said export cut price japanese chips distributors dried miti instructed domestic makers cut output harder increase japanese imports american chips miti officials said ministry ensure happens ministry recently called japan major chip users also leading producers step purchases foreign semiconductors spokesman one companies toshiba corp tsba said firm would could announce plans next week expects japanese companies reuter
steel technologies joint venture steel technologies inc said signed agreement mitsui co ltd subsidiaries establish joint venture corporation called mi tech steel inc mitsui subsidiaries mitsui co usa inc mitsui steel development co inc steel technologies pct new company company said mi tech steel operate steel service centers facilities established serve japanese domestic automobile appliance parts manufactures u company said initial processing center located near tenn expected begin operations fall steel technologies said president steel technologies president new company said reuter
liberian ore carrier river liberian motor bulk carrier ore dwt ore dwt west german motor vessel late last night river near lloyds shipping intelligence said ore means hamburg taken damaged bow liberian vessel trip seven islands hamburg reuter
exchange rates almost within g levels sumita bank japan governor satoshi sumita said current exchange rates almost within levels agreed six major nations last month paris asked whether dollar yen rate reflected economic fundamentals said current rates almost reflect fundamentals sumita told reporters major nations cooperated bring currency stability line paris agreement would closely cooperate end repeated central bank intervene necessary adding think dollar free fall likely sumita said could say exactly currency levels would considered line underlying economic fundamentals paris february britain canada france japan u west germany agreed cooperate hold currencies around current levels sumita said could find specific reasons behind fall dollar record low yen yesterday said market sell dollars reacted statements abroad developments surrounding trade tensions u treasury secretary james baker said weekend paris pact fixed dollar u trade representative clayton yeutter called u japan relations certain key trade issues strained market reacted dollar moving narrowly yen since mid january sumita said added expect yen dollar exchange rate remain unstable market concerned sharp rise yen bank japan keep close watch exchange rates line paris accord added reuter
banking savings hikes prime rate banking savings said raising prime rate pct pct effective today reuter
gencorp gy group seek anti greenmail vote gamco investors inc affiliate gabelli co plans propose anti greenmail provision gencorp inc annual meeting march according gamco chairman mario gabelli greenmail often involves repurchase shares premium company unwanted investor gencorp today received surprise tender offer group holds pct stock gabelli also said gamco sent filing securities exchange commission pct gencorp stock held gamco affiliates stock amounts shares reported earlier g filing g filed investors show holdings five pct earlier today general partners owned wagner brown afg industries inc launched dlr per share tender offer gencorp analysts said offer dlrs per share low gencorp made comment offer gabelli said also proposes management consider spinning assets gencorp broadcast properties shareholders licenses broadcast properties long series challenges one thing going clear going meeting putting greenmail gabelli said gabelli said fears greenmail might offer annual meeting held akron ohio reuter
n z trade surplus mln dlrs february preliminary trade figures february show excess exports imports mln n z dlrs statistics department statement said compares mln dlr deficit revised mln january mln dlr deficit february exports rose mln dlrs mln revised january february imports dropped estimated mln dlrs revised january february deficit eight months end february mln dlrs billion dlrs period year ago reuter
chrysler c deal buy amc amo chrysler corp said agreed principle french state owned renault acquire american motors corp renault controlling shareholder deal amc stockholders renault would receive chrysler common stock market value four dlrs amc common share hold chrysler said letter intent deal needs government amc shareholder board approval provides amc holders receive less share chrysler common share amc common hold
coffee talks collapse eases need u bill collapse international coffee organization ico talks export quotas yesterday immediate need reinstate u legislation allowing customs service monitor coffee imports analysts said reagan administration proposed trade legislation offered congress last month authority monitor coffee imports resumed authority september bill also introduced rep frank n j however failure ico talks london reach agreement export quotas means u legislation immediately needed one analyst said earlier coffee bill hoped could passed congress quickly going hard time convincing congress urgent issue coffee analyst said reuter
canada real th qtr gdp rose pct rd qtr pct rise official
bermuda star leases vessel bermuda star line inc said leased ton passenger vessel shipping co inc liberia term options extending years vessel renamed canadian star used montreal new york beginning june shipping partially owned common brothers plc u k maritime firm owns pct bermuda star shares arranged debt financing ship purchase acquired vessel shipping ltd terms disclosed reuter
qatar budget fiscal gulf oil state qatar recovering slightly last year decline world oil prices announced first budget since early projected deficit billion riyals deficit compared shortfall billion riyals last published budget statement outlining budget fiscal year beginning today finance petroleum minister sheikh abdul aziz bin khalifa al said government expected spend billion riyals period projected expenditure budget billion riyals sheikh abdul aziz said government revenue would billion riyals pct projected revenue billion government failed publish budget due uncertainty surrounding oil revenues sheikh abdul aziz said year government decided limit expenditure month one previous fiscal year allocations minus pct urged heads government departments public institutions help government expenditure say budget shortfall would covered sheikh abdul aziz said plans limit expenditure taken order relieve burden placed country foreign reserves added billion riyals allocated major projects including housing public buildings social services health education transport communications electricity water industry agriculture figure revealed expenditure defence security also projection oil revenue qatar opec member output ceiling barrels per day sheikh abdul aziz said expectations positive signs regarding oil price trends foremost among opec determination protect helped us make reasonable estimates coming year revenue basis assigned quota reuter
leucadia pct minstar leucadia national corp said two subsidiaries acquired pct stake minstar inc corporation controlled corporate raider irwin jacobs used acquire stock companies filing securities exchange commission leucadia said investments inc del investment firm charter national life insurance co st louis joint stock life insurance company bought combined minstar common shares investment purposes leucadia subsidiaries held pct stake minstar cut pct shares last july since july leucadia said companies bought minstar common shares total mln dlrs leucadia said bought minstar stake obtain equity position company intention seeking control nearly half leucadia common stock owned associates salt lake city utah general partnership whose partners include chairman president leucadia investors reuter
continental illinois cil raises prime rate continental illinois corp said raised prime rate reuter
nippon mining lowers copper price nippon mining co ltd said lowered selling price electrolytic copper yen per tonne effective immediately reuter
expects fiscal year profit development co inc said expects post profit fiscal year ended february two mln dlrs compared year earlier loss mln dlrs prior year company operated f importing publicly held wholesale food distributor march last year privately held acquired controlling interest f importing divested food business renamed company began operating real estate investment service company reuter
arkansas best sees lower first qtr net arkansas best corp said first quarter earnings significantly lower fully diluted earnings cts per share last year first quarter company said pricing competition lower traffic levels motor carrier industry hurt first quarter results however company said furniture tire operations profitable year last year arkansas best also said industry upcoming pct motor carrier rate hike offset labor increase scheduled april said labor increase pct freight system largest unit reuter
alusuisse aluz z year net loss mln swiss francs vs loss mln gross sales billion vs billion operating income mln francs vs mln net extraordinary charges mln vs mln note company plans pct capital reduction banks convert mln francs credit facilities subordinated loans immediate plans capital increase company full name schweizerische aluminium ag reuter
ecuador crude oil exports stopped five months ecuador needs mln dlrs repair damage oil export pipeline caused last week earthquake stop crude exports five months energy mines minister javier espinosa said espinosa said yesterday pipeline carries crude jungle fields pacific ocean coast balao would repaired help texaco inc tx n mexican argentine firm president leon febres cordero said two days ago ecuador opec member would suspend crude exports four months due quake oil traditionally accounts two thirds ecuador total exports much pct government revenues deputy energy minister fernando santos alvite said ecuador would import six seven mln barrels crude oil meet needs line repaired ecuadorean minister presidency told reporters venezuela lend ecuador five mln barrels crude would repaid kind day period added caracas based development corp granted loan mln dlrs towards repairing pipeline km damaged quake quito foreign minister garcia yesterday countries issued appeal emergency aid country three countries u colombia venezuela offered assistance reuter
jwt jwt approached group seeking shares jwt group inc approached former ted worldwide chairman robert possibility syndicate buying pct stake jwt group friendly basis company spokesman said said jwt would comment advertising age report considering heading venture capital syndicate purchase pct stake jwt group immediately available comment report ted owned saatchi saatchi world largest advertising agency reuter
end corp six mths jan net shr cts vs cts net vs revs mln vs mln avg shrs vs reuter
fed sets two billion dlr customer repurchase fed says
k mart corp raises dividend pct votes three two stock split
chubb corp cb completes acquisition chubb corp said completed previously announced merger subsidiary sovereign corp life insurance holding company terms merger sovereign stockholders wil receive tax free exchange share chubb common stock share sovereign held company said equals dlrs per share sovereign stock based closing price chubb common stock march reuter
corning glass works buys fiber optic stake corning glass works said bought pct interest technology dynamics inc wash company involved research development fiber optic sensors purchase price disclosed privately held technology dynamics plans introduce first line fiber optic sensors later year corning glass said reuter
colonial bancgroup clbga buys farmers colonial bancgroup said acquired farmers merchants bank baldwin county bank assets mln dlrs exchange stock valued mln dlrs colonial said also signed letters intent acquire first federal bank athens bank athens county bank commercial national bank aggregate assets totaling mln dlrs reuter
electric power co january net oper shr cts vs cts oper net mln vs mln revs mln vs mln mths oper shr dlrs vs dlrs oper net mln vs mln revs billion vs billion note mths oper net excludes extraordinary gain mln dlrs cts per share sale virginia service territory virginia power reuter
egypt soviets renegotiate arms debt terms egypt soviet union expected sign agreement moscow next week cairo three billion dlr military debt egyptian officials said one official asked remain told reuters draft agreement would reduce zero two pct future interest payable year old debt set year repayment term talks due begin moscow wednesday economy minister leaves moscow tuesday met president egyptian ambassador moscow discuss issue one official said egypt would propose new exchange rate trade soviet union current commerce based rate set egyptian pounds dollar moscow sees unreasonable fluctuating official rate pounds dollar officials said part debt would paid exports goods textiles furniture egypt wants settle debt problem partly open door new cooperation mainly soviet built steel aluminium fertiliser plants five year development plan ending june egypt already imports soviet coal wood newsprint glass also wanted debt deal allow purchases currently blocked spare parts soviet military hardware officials said estimated pct egypt arsenal still made soviet supplied equipment one official said cairo stopped repaying moscow arms purchases president broke long standing turned u reuter
southmark sm sells national heritage stake national heritage inc unit southmark corp said began initial public offering two mln shares common stock price dlrs share shares offered national heritage trade symbol nasdaq lead underwriter drexel burnham lambert inc proceeds used increase working capital complete leased facilities repay certain debts southmark offer southmark retain pct mln outstanding common shares national heritage operates long term nursing care facilities reuter
twa twa piedmont pie situation trans world airlines inc complicated bidding piedmont aviation inc offering either buy piedmont suitor usair group merge piedmont usair piedmont board meeting today wall street speculated board discussing opposing bids norfolk southern corp usair twa offer announced shortly piedmont board meeting scheduled begin twa offered buy usair dlrs cash per share also said largest shareholder usair threatened go directly usair shareholders offer pct stock lower price twa also said believed offer better deal usair shareholders acquisition piedmont said would discuss three way combination airlines market sources analysts speculated twa chairman carl icahn made offer order put airline takeover trying get twa play speculation street wants move onto else said one arbitrager think twa might putting trial analysts said offer must taken seriously usair airline probably reject price relatively low compared airline deals also said icahn must prove offer financing arrangements need show commitment ability finance think offer said pettee bear stearns analyst think certainly low end relative values airline deals said pettee pettee estimated dlrs would reasonable range based airline mergers usair stock soared twa made public offer spokesman usair declined comment said usair changed offer piedmont usair offered buy pct airline stock dlrs cash per share balance dlrs per share usair stock usair closed volume mln shares piedmont slipped close also remained twa action piedmont outstanding dlr cash per share offer norfolk southern corp norfolk southern declined comment said stuck offer piedmont norfolk owns pct piedmont opened bidding said would propose takeover piedmont analysts said icahn may trying acquire usair make airline attractive takeover target icahn think wanted sell airline think strategy might called making investment attractive one way accomplish specific objective go acquire airlines said andrew kim fleming know whose going buy least way becomes much viable package said kim icahn financing ability transaction remains doubt part twa heavy debt load wall street sources said twa cash offer sources said icahn lined outside financial advisers plans make arrangements icahn earlier year abandoned plans buy usx corp x still retains pct company stock wall street sources said financier usx plan adviser drexel burnham lambert inc wall street insider trading scandal industry sources also predicted usair might reject twa offer price financing concerns contingencies even financing arrangement said one executive another major airline executive conceded merged twa usair would strong usair east coast route system planned west coast presence psa usair could feed flights twa midwest presence st louis adding piedmont dominant southeast mix would develop even stronger force combined entity would also twa system merger would complex analysts said would result airline pct market share reuter
hydro electric co sets dividend qtly div cts vs cts pay april record march reuter
waste management corp votes two one stock split boosts qtly dividend cts
international proteins corp pro year net oper shr cts vs cts oper net vs sales mln vs mln note net excludes tax credits dlrs vs dlrs reuter
santa fe energy partners lp qtly payout qtly cash distribution cts vs cts prior pay may record march reuter
pancanadian sell british interests pancanadian petroleum ltd said agreed sell working interest north sea properties british unit canadian pacific oil gas canada ltd petroleum ltd private british company pancanadian pct owned canadian pacific ltd cp said would receive mln british pounds cash mln canadian dlrs closing expected two three months said deal subject approval regulators partners properties consist exploration wells also retain royalty interest properties reuter
dean foods co rd qtr net shr cts vs cts net vs sales mln vs mln nine mths shr dlrs vs dlrs net vs sales billion vs mln reuter
u k budget sees gdp growth three pct chancellor exchequer nigel lawson presenting budget fiscal parliament said u k economic growth forecast three pct calendar said treasury expected current account balance payments deficit billion stg billion shortfall inflation expected pct end year lawson said forecast autumn statement inflation may continue edge time perhaps exceeding pct summer falling back pct end year added turning public sector borrowing requirement psbr lawson said likely fiscal billion stg pct gdp planned psbr set billion stg monetary policy lawson confirmed target range narrow measure would two six pct fiscal target set broad sterling aggregate said broad money continue taken account assessing monetary conditions course exchange rate chancellor told parliament lawson said low psbr chiefly attributable non oil tax revenues general corporation tax paid increasingly profitable business sector particular oil prices lawson said sticking earlier assumption north sea crude prices average dlrs per barrel calendar said clear increased flow non oil tax revenues coupled prospective growth economy excess growth public expenditure puts public finances strong position lawson said treasury would keep psbr pct gdp future reached judge medium term financial strategy appropriate psbr pct gdp aim keep years ahead lawson said inevitably greatly scope year reducing burden taxation course remains major objective government policy sure right side caution build still firmer base future lawson said time come strike exchange control act book corporation tax said rate remain unchanged pct companies capital gains charged appropriate corporation tax rate said new proposed system companies able set advanced capital tax act payments tax capital gains taken together changes yield mln stg lawson said lawson said propose companies building societies treated way payment corporation tax pay corporation tax nine months end accounting period tax due also propose pave way new method corporation tax known pay file would part wider programme streamlining tax would come force early lawson said planned two petroleum revenue tax prt today companies may elect pct costs developing certain new fields set prt liabilities existing fields income new fields exceeds costs incurred second new relief prt spending research u k oil extraction related particular field business employment lawson said employers receive tax relief workers lawson said future traders registered value added tax vat would able choose account tax basis cash paid received small businesses may account vat annually instead quarterly vat registration period extended days added vat registration raised stg new measures planned combat vat added capital gains tax retirement relief limit would set stg lawson said proposed change law companies multinational groups longer able secure tax relief twice interest payment change take effect april genuine trading companies affected also planned end present treatment tax credit relief foreign withholding tax paid interest bank loans also april future banks able offset tax credit tax profit relevant loan said standard rate taxation reduced two pence pct pct lawson reiterated government aim reducing basic taxation pence pound added given decision use greater part fiscal scope reduce psbr goal cannot achieved budget small companies corporation tax also reduced pct said lloyd insurance market lawson said planned change tax treatment lloyd bringing line provisions outstanding liabilities made ordinary insurance companies comparable provisions made financial traders inland revenue would told consult lloyd details legislation said new rules first apply premiums payable lloyd account closes december year lawson said
guinness challenges mln stg payment lawyer guinness plc guin l brewing group challenged mln stg payment u lawyer says controversial takeover maker distillers co plc attorneys lawyer thomas ward member guinness board told court yesterday channel island jersey ward saw payment services last year billion stg takeover britain department trade industry investigating takeover guinness says former chairman saunders ward breached fiduciary duty payment ward via jersey based company marketing acquisitions consultants gone jersey court recover mac said defence documents ward main battle distillers rival bidder argyll l group plc bid would successful services mr ward mac attorneys said documents submitted court payment circumstances reasonable proper fully earned reuter
first union fur leaves dividend unchanged first union real estate investments said board left quarterly dividend unchanged cts per share payable april record march trust raised quarterly dividend frequently past two years first quarter years said tax reform act limited flexibility dividends consider dividend increases later quarters year reuter
top discount rate uk bill tender pct top accepted rate discount weekly u k treasury bill tender rose pct pct last week applications lowest accepted price stg allotted around pct amount applied applications price allotted full bank england said total mln stg treasury bills offered sale week last week average rate discount pct reuter
general mining j profits general mining union corp ltd chairman cautioned profits may rise year rand current level u cents would well repeat last year results rand depressed said level dividend however ought affected added discussing outlook general mining earlier reported per share earnings rose pct cts reuter
bank spain suspends assistance bank spain suspended daily money market assistance borrowers take funds second window wednesday rates raised pct compared pct normal overnight funds money market sources said view high borrower demand suspension likely remain effect april start next day accounting period reserve requirements suspension comes bank yesterday gave billion pesetas assistance record high year said billion pesetas provided second window reuter
soviet sugar imports higher oct nov soviet sugar imports october november significantly higher period year according figures received international sugar organization imports october totalled tonnes compared tonnes month november imports tonnes first months soviet imports totalled mln tonnes mln period october import figure entirely whites cuba november total made tonnes cuban whites tonnes whites thailand imports january november period cuba mln tonnes mln thailand tonnes soviet exports also increased january november export total compares tonnes first months exports october year earlier november exports tonnes reuter
first granite bancorp inc agrees acquired magna group inc stock
japan expected cut base rate state bodies japan expected cut base lending rate state financial institutions pct part recent pact major industrial nations paris finance ministry sources said said cut based revision trust fund bureau law approved parliament march pct minimum interest rate deposits bureau bureau channels funds government financial institutions public works official uses said base lending rate state bodies japan development bank people finance corp finance corporations local public enterprises usually moves tandem long term prime rates sources said however impossible follow last cut pct pct january trust fund bureau rate legally set pct ministry abolish minimum rate introduce market related one resolve problem stimulate domestic economy said tuesday ministry allowed long term bankers cut prime record low pct effective february move suggested reached agreement depositors using bureau savings system posts telecommunications ministry japan ministry health sources said trying determine market rates considered setting bureau deposit rate ministry sources said coupon rates new year government bonds minus percentage points choice added reuter
international technology buys firm international technology corp said purchased privately held western emergency service inc stock transaction western emergency environmental services firm annual sales one two mln dlrs compared international technology roughly mln dlr annual sales spokesman international technology said reuter
german institute sees inflation rising cost living west germany likely pct higher average cost living actually fell average pct first negative inflation since economic research institute said inflation result mainly two factors influenced fall cost living steep decline oil prices value dollar institute said report institute said inflation see rising trend course average pct year whole year year rates remain negative first part provisional inflation figures february released last week showed cost living last month pct lower february january prices fallen pct month year earlier said forecast assumed dollar would remain around marks oil prices would range dlrs per barrel reuter
humana inc nd qtr shr cts vs cts
thai tin exports rise january thailand exported tonnes tin metal january december year ago mineral resources department said said major buyers last month singapore japan britain netherlands malaysia u reuter
united asset management corp ups payout qtly div four cts vs three cts prior pay april record march reuter
cargill u k strike talks resume tuesday three consecutive days talks management unions aimed ending three month old strike cargill u k ltd processing plant ended yesterday without resolving situation although progress made company spokesman said fresh talks scheduled next tuesday said reuter
hughes tool ht says baker bko merger alive hughes tool co chairman w kistler said counter proposal merge baker international corp still consideration merger best interests companies hope come mutual agreement good companies kistler said proposed merger would result billion dlr oil field service company working hard merger hughes board today adjourned shareholders meeting vote proposed merger rescheduled march give baker time consider counter proposal hughes board previously expressed concern u department justice consent decree would require baker sell drilling bit operations submersible pump business met yesterday threatened terminate proposed merger hughes board made counter proposal two companies first find acceptable buyers businesses signing decree directors baker immediately receiving counter proposal filed law suit texas texas state court force hughes complete merger uncertainty price conditions might imposed department justice makes us nervous outcome might kistler said explaining hughes made counter proposal need additional time understand baker accept proposal kistler also said law suit filed baker factor board decision keep merger proposal table declined comment allegations lawsuit kistler said hughes would willing consider compromise counter proposal declined specific justice department january said would block hughes baker merger anti trust grounds unless companies agreed sign consent decree would provide sale assets merger took place hughes board said would sign decree unreasonable hughes said baker instead complete sale disputed assets merger finalized given government approval decree baker unable find acceptable buyers within specified period time decree approved federal trustee would become responsible finding buyer kistler said terms trustee could take years complete sales also expressed concern combined companies might required government conditions license technology purchaser assets baker said last night statement required assets sold would reduce revenues mln dlrs representing three pct revenues combined companies reuter
transportation agency gives final us air pacific southwest acquisition
marine midland raises prime rate marine midland banks inc said raising prime lending rate pct pct effective immediately reuter
j p morgan co inc jpm sets quarterly dividend cts vs cts previously pay april record march reuter
rochester telephone rtc completes acquisition rochester telephone corp said completed acquisition enterprise telephone co based new holland pa exchange stock valued mln dlrs enterprises serves access lines county enterprise becomes third operating telephone subsidiary rochester telephone pennsylvania sixth largest overall company said reuter
tenneco buys unisys uis unit tenneco inc said newport news shipbuilding subsidiary completed purchase sperry marine systems division unisys corp mln dlrs sperry marine annual revenues mln dlrs reuter
bank japan buys dollars around yen dealers
corp sells two units corp said completed sale hale fire pump co machine co subsidiaries company formed los angeles investment firm rose partners mln dlrs cash hale make fire pumps related equipment reuter
atlantic city electric co sets payout qtly div cts vs cts prior pay april record march reuter
bankers trust bt raises prime lending rate bankers trust co said raised prime lending rate pct effective immediately move latest series similar actions leading u money center banks including citibank na chase manhattan bank na last hours ameritrust corp ohio also raised prime lending rate pct effective tomorrow reuter
golden enterprises inc rd qtr feb net shr cts vs nine cts net vs revs mln vs mln nine mths shr cts vs cts net vs revs mln vs mln reuter
advanced tobacco merger talks end advanced tobacco products inc said ended talks acquired sterling drug inc resumed acquisition talks parties company previously announced major u based company identify evaluating technology advanced said sterling board decided enter product market said received dlr payment deal exclusively sterling march six advanced said suspended merger talks parties result agreement reuter
partnership buys pct orange co stake parsow partnership ltd investment partnership said bought pct stake orange co inc common stock investment filing securities exchange commission parsow said bought orange co shares open market funds working capital partnership whose sole general partner investor alan parsow said present intention change control orange co inc reuter
inc quarterly dividend qtly div five cts vs five cts pay april record april reuter
next world trade negotiations must succeed nz ministers nations told new zealand next international negotiations trade would last century cost failure could measured trade minister mike moore told colleagues welcoming ceremony two days talks great progress made preparing negotiations must live troubled dangerous times world trading system said seen failure world trading system caused great depression conflict past failure maintain momentum great cost us moore said added cost failure beyond calculation last hope best opportunity century get another chance year ministers new zealand review world trade since uruguay round talks last meeting also part preparations full scale conference general agreement tariffs trade gatt venice june uruguay meeting considered countries particularly successful northern hemisphere countries managing service industries banking insurance included next full round goal including agricultural tropical products also met meeting north island resort described participants informal declaration expected moore said one aim sense political urgency avert potential economic another seek ways freer trade people felt could see benefits well preventing bush confrontation proceed orderly negotiations meeting attended overseas delegations including representatives gatt economic community delegates include u trade representative clayton yeutter american sources say ready state best way reverse protectionist sentiment united states implement four key uruguay proposals end agricultural subsidies inclusion trade services investments gatt regulations tightening restrictions called intellectual property trademarks patents copyrights new rules resolve trade disputes among gatt member states earlier new zealand sources said french foreign trade minister michel pulled informal gatt talks domestic political reasons cabinet chief bernard lead french delegation reuter
sun sun raises heating oil barge price sun co sun refining marketing subsidiary said increased price charges contract barge customers heating oil new york harbor cent gallon effective today said cent increase brings sun contract barge price cts recent price hike represents fifth week totalling cts increases following sharp spot futures price rises company said reuter
laboratories rd qtr feb net shr primary cts vs cts shr diluted cts vs cts net mln vs mln revs mln vs mln avg shrs mln vs mln nine mths shr primary dlrs vs dlrs shr diluted dlrs vs dlrs net mln vs mln revs mln vs mln avg shrs mln vs mln note prior qtr nine mths include mln dlrs cts per share gain partial settlement insurance claim nine mths includes seven cts gain partial settlement insurance claim results flow control operations included since acquisition itt corp jan nine mths prior includes extraordinary gain mln dlrs cts per share replacement pension plan reuter
exxon xon sees role year development costly shale oil coal kinds synthetic fuels halted recent years cheap petroleum supplies become economic world oil prices top dlrs barrel exxon co usa executive said joe senior vice president told reuters addressing houston meeting american institute chemical engineers early next century play significant role country energy supply also told reporters news conference believed synthetic fuels would become economic develop world oil prices reached dlr barrel price range talking pct increase crude oil prices think time coming got prepared said predicted u oil demand would rise one pct annually next years nation fails replace oil reserves exploration turn century world oil prices significantly higher declining supplies said ashland oil inc chairman john hall also spoke meeting advocated form federal tax incentives help spur development synthetic fuels united states hall said nearly billion tons demonstrated coal reserves amount triple world known oil reserves must encourage research order make competitive later hall said average lead time development shale oil coal project five ten years last year federal government subsidized development u synthetic fuels corp research program created carter administration goal developing two mln barrels oil corporation shut last april congress refused continue funding eight billion dlr budget uneconomic projects based forecasts dlrs barrel oil dlr per natural gas decade reuter
providence energy acquisition providence energy corp said completed purchase north gas co terms disclosed north serves residential customers commercial customers industrial customers reuter
colonial commercial corp th qtr net shr given oper net profit vs loss revs vs year shr given oper net profit vs loss revs vs note earnings benefit preferred shareholders preferred shareholders equity equals exceeds liquidating mandatory redemption values reuter
trans world airlines makes dlr share cash merger proposal usair
royal bank canada ups u base rate pct pct
clayton dubilier new joint unit buy firm clayton dubilier inc senior management unit borg warner corp bor said form new company buy borg warner industrial products group mln dlrs borg warner industrial products sales mln dlrs three divisions provide advanced technology transfer control equipment systems services worldwide clayton said new company employees headquartered long beach calif company said peter vice president borg warner corp president industrial products division become president chief executive officer new company according clayton clayton private investment firm said third buyout divestiture completed since december reuter
tuesday morning inc th qtr net shr dlrs vs dlrs net vs revs mln vs mln avg shrs vs year shr dlrs vs dlrs net vs sales mln vs mln avg shrs vs reuter
holdings n v year net net profit mln dlrs vs mln dlrs turnover billion dlrs vs billion note company lowered nine pct pct interest rate outstanding subordinated loan period august july formerly known thyssen group reports dlrs since december start financial year said decline profits mainly caused losses container rental activities reuter
china closes second round offshore oil bids china closed second round bidding foreign firms offshore oil exploration rights china daily reported quoted spokesman china national offshore oil corp saying china signed eight contracts foreign firms blocks pearl river mouth south yellow sea covering total area km second round bidding began end one well far produced results km south east output barrels day well drilled group japanese companies spokesman added ready enter contracts offshore blocks third round bidding began say would added contracts would bound restrictions imposed second round china signed oil contracts agreements companies countries since offshore exploration open foreigners eleven contracts terminated oil discovered foreign firms invested billion dlrs offshore china since reuter
american water works co inc sets payout qtly div cts vs cts prior pay may record may one reuter
national capital make sale national capital real estate trust said entered definitive agreement sell irvine commercial center irvine calif corp california mln dlrs said buyer dlrs escrow account deposit trust said existing debt secured property dlrs due completion transaction expected early april reuter
canadian money supply rises mln dlrs week bank canada said
acceleration corp th qtr shr cts vs cts net mln vs year shr cts vs cts net mln vs mln note net includes tax loss carryforward gain dlrs reuter
tofutti brands sees profit new year tofutti brands inc said changing fiscal year calendar year year ending july expects profitable higher sales company lost dlrs sales mln dlrs year ended july company spokesman said tofutti reporting earnings last five months calendar end march report calendar first quarter results reuter
stake sold institutions pct stake sa pa sold inc u spread among least institutional investors worldwide spokesman brokers james capel said capel handled deal buyers based centers ranging europe north america japan added capital split among jean president company pct along private investors holding pct pct sold company sources said earlier paris reuter
thai sugar production continues high feb thai sugar production continued high level february latest figures received international sugar organization iso show figures show stocks end february mln tonnes raw value mln year earlier analysts said new peak date production february tonnes february took nov feb total current crop mln tonnes production normally sharply march recent years production march end crop tonnes analysts said thailand exports february tonnes consumption last month thai agriculture ministry said production expected fall mln tonnes mln reuter
standard oil srd texas natural gas find standard oil co said development number one well deep field montgomery county texas flowed cubic feet natural gas per day depths feet inch choke said contracted perry gas cos inc purchase natural gas well perry build four inch gathering pipeline natural gas pipeline co transmission line reuter
bank england borrowing pct bank england said invited discount houses use borrowing facilities gmt today rate pct days compares bank present band one dealing rate pct bank england announcement quickly followed barclays bank national westminster bank announced half point cut base rates pct pct dealers said lowering base rates widely expected following yesterday u k budget chancellor exchequer nigel lawson announced three billion stg cut government public sector borrowing target four billion stg many market expected full one point cut base rates today surprised authorities caution dealers added reuter
olivetti exclude stake thomson ing c olivetti ec spa exclude possibility investing semiconductor venture currently discussion italy finanziaria p france thomson pa olivetti spokesman said said olivetti approached two partners involved financial conditions proposal considered interesting company exclude possibility investing venture however olivetti made decision investment disposal information evaluate move thomson said last thursday negotiating accord involving respective subsidiaries spa thomson civil semiconductor field said accord concluded would put approval french italian authorities olivetti spokesman responding reuters query italian press reports today saying olivetti might participate venture two pct stake reuter
roy co sets regular dividend qtly div cts vs cts prior pay june record may reuter
meyers co year feb shr dlrs vs dlrs net mln dlrs vs mln revs mln vs mln note results reflect year month period company changed fiscal year end february march reuter
u vegetable oil products output february u factories used mln lbs various vegetable oils production edible products february census bureau reported compared revised usage mln lbs january mln lbs february february production selected products included following comparisons mln lbs feb jan feb baking fats r soybean cooking oil r r revised production continued mln lbs feb jan feb cooking oils r r crude refined r r meat meal r r revised reuter
tony co inc th qtr shr profit nil vs loss cts net profit vs loss revs mln vs mln year shr loss cts vs loss cts net loss vs loss revs mln vs mln note net includes extraordinary gain dlrs cts per share reuter
creditanstalt bankverein cabv v year cons banking net profit mln schillings vs mln cons banking balance sheet total year end billion schillings vs billion parent bank net profit mln vs mln parent bank balance sheet total billion vs billion parent bank dividend pct vs pct parent bank div payout mln schillings vs mln reuter
allied lyons sees substantial second half growth allied lyons plc report substantial growth second half fiscal ended march chairman holden brown said answer reporters queries certainly see substantial growth allied lyons second half holden brown said following presentation toronto securities analysts holden brown declined say whether second half growth profit taxes would exceed pct rise reported first half allied lyons first half profit mln stg mln stg prior year allied lyons also full year extraordinary cost slightly seven mln stg defence costs associated elders ixl ltd failed take bid company holden brown also said cost offset extraordinary gain mln stg allied lyons sale pct interest australian said win lose win end holden brown said asked thought allied lyons vulnerable take attempts holden brown replied must never must always think would expensive said holden brown said allied lyons share price corporate earnings ratio comparable leading companies food beverage industry case two years ago come little bit earlier might think holden brown said holden brown said allied lyons move acquire hiram walker gooderham ltd march elders take bid company pct growth action knew could people almost inevitably would say acquisition defensive never holden brown told reporters asked securities analysts allied lyons plans share issue canada acquiring pct interest hiram walker holden brown responded plan might strong word must say feel need allied lyons better known canada reuter
florida commercial banks inc qtly div qtly div cts vs cts prior payable march record march reuter
saudi arabia commitment opec pact saudi arabian oil minister hisham nazer reiterated kingdom commitment last december opec accord boost world oil prices stabilise market official saudi press agency spa said asked agency recent fall free market oil prices nazer said saudi arabia fully adhering accord never sell oil prices pronounced prices nazer quoted spa said recent pressure free market prices may end northern hemisphere winter season market saudi arabia main architect december accord opec agreed lower total output ceiling pct mln barrels per day bpd return fixed prices around dlrs barrel agreement followed year turmoil oil markets saw prices slump briefly dlrs barrel mid dlrs late free market prices currently dlrs nazer quoted spa saying saudi arabia adherence accord shown clearly oil market said contacts among members opec showed wanted stick accord jamaica opec president rilwanu lukman also nigerian oil minister said group planned stick pricing agreement aware negative forces trying operations market satisfied fundamentals exist stable market conditions said kuwait oil minister sheikh ali al khalifa al sabah said remarks published daily al qabas plans emergency opec meeting review prices traders analysts international oil markets estimate opec producing one mln bpd mln ceiling named kuwait united arab emirates along much smaller producer ecuador among producing quota sheikh ali denied kuwait producing reuter
page petroleum ltd year loss shr loss dlrs vs loss dlrs net loss mln vs loss mln revs mln vs mln note net includes nine mln dlr extraordinary loss oil gas writedowns foreign exchange losses vs yr ago loss mln dlrs reuter
phillips p raises crude postings cts phillips petroleum said raised contract price grades crude oil cts barrel effective today increase brings posted price west texas intermediate west texas sour grades dlrs bbl phillips last changed crude oil postings march price increase follows similar moves usx x subsidiary marathon oil sun co sun earlier today reuter
sugar prices low boost latin output latin american sugar producers awaiting rises world market prices moving boost production official trade sources said although prices risen around eight five u cents per lb past six months still region nine ten cents per lb average production cost recent rise prices placed producers alert manuel rico consultant group latin american caribbean sugar exporting countries geplacea told reuters however rico said would require another five seven cents stimulate notable increases output producers taking measures increasing production prices profitable said officials mexico guatemala ecuador said continued rise prices would stimulate production industry leaders panama costa rica said still long way go prices said vice president costa rica sugar cane industrial agricultural current prices nobody going consider increasing production producers wary funds increasing output given instability world markets official colombia national association sugar cane growers said plans raise export targets market unstable happening yet giving way pattern reason modify anything latest year full figures available central south american nations produced mln tonnes raw value sugar mln exported year earlier produced exported according london based international sugar organization years continuous low prices plunged sugar industry many countries region recession hard recover miguel director dominican republic national sugar institute said would difficult boost production even prices recovered sharply output slumped tonnes year late refineries poor transport badly maintained plantations barriers short term recovery output added plans nearby cuba world largest cane sugar exporter increase output mln tonnes year end decade seem ambitious trade sources said output running well record mln produced cuba run plantations harvesting problems poor processing facilities low world prices since much output sold eastern bloc countries special deals last year bad weather added output fell mln tonnes mln low world prices recent years led many countries region cut exportable production levels barely cover u case caribbean countries european community ec import quotas receive prices well free market levels progressive reductions u quotas led production falling rather shifted free world market peru example shipped tonnes u fell year quota national cooperative official said long world market levels continue around half peru production cost future industry uncertain meeting geplacea brazil last october officials stressed need find alternative uses sugar cane according group executive secretary eduardo grows like throughout region brazil largest cane producer output around mln tonnes uses half produce alcohol fuel cane excess internal demand alcohol sugar refined sugar sale abroad earn much needed foreign currency difference price state run sugar alcohol institute pays local industry receives foreign buyers costs government mln dlrs year soaring domestic demand alcohol sugar past year coupled drought reduced cane crop meant brazil difficulties meeting export commitments trade sources said negotiations delay shipments next year far main sticking point brazil compensate buyers non delivery sugar sold around five cents per lb would cost eight cents replace brazilian sugar industry sources said new sugar export sales expected extremely low next year institute wary domestic shortages either alcohol sugar need rebuild depleted reserve stockpiles however situation could change dramatically economy goes recession internal demand sources within latin america caribbean hold little hope region sugar industry return profitability unless u ec change policies agricultural policies european community united states caused economies harm closing markets price deterioration international commerce furthermore unfair competition third countries brazil trade industry minister jose told october geplacea meeting ec come prolonged attack geplacea group charges continued dumping excess output world markets geplacea officials say main cause low prices geplacea sees new international sugar agreement would regulate prices one chances region industry steady decline agreement would u ec backing industrialised countries would see political rather merely economic pact realise economies suffer less buy goods repay region billion dollar foreign debt geplacea said reuter
yeutter sees u japan trade conflict united states japan brink serious conflict trade especially semiconductors japanese unwillingness public bodies buy u super computers barriers u firms seeking participate eight billion dlr kansai airport project u trade representative clayton yeutter said talking reporters yesterday eve two day meeting trade ministers review progress made committees set uruguay meeting last september launched new round gatt general agreement tariffs trade talks european community ec commissioner willy de clercq meanwhile told reporters conflict world three major trading economic powers ec u japan set poor example members gatt australian trade minister john dawkins told reporters bilateral retaliation enormous expense rest world way solve trade disputes new zealand trade minister mike moore told colleagues great progress made preparing current round gatt negotiations must ministers said want maintain momentum towards fresh negotiations avert serious trade conflicts yeutter said problem international trade talks tended get years countries get serious negotiating end day maybe five six years future also said consider new u congress protectionist months ago healthy development added asked year months ago would said protectionist members congress members congress begun realise protectionism answer billion dlr trade deficit yeutter said also begun realise cannot solutions billion dollar trade deficit realistic judgement responsible issue months ago added whether reflected legislation eventually emerges another matter reuter
texaco tx cease posting texas oil price texaco refining marketing operating subsidiary texaco inc said would cease post crude oil prices west texas crudes end month following decision discontinue purchase crude oil leases texaco spokesman houston said continue purchase quantities u foreign crude oil use refinery system added spokesman also said texaco trading transport inc would continue acquire market texaco lease production well lease production company continue post louisiana price said reuter
unocal ucl raises crude oil postings unocal corp said raised contract price pay grades crude oil cts barrel effective today increase brings unocal posted price u benchmark grade west texas intermediate dlrs barrel also brought price west texas sour dlrs bbl light louisiana sweet also raised cts dlrs bbl unocal last changed crude postings march four brings price line major companies raising prices steadily recent weeks increase also represents latest series increases began usx corp x marathon petroleum corp notification yesterday evening effective today raised crude postings cts barrel bringing contract price wti dlrs barrel earlier today sun co sun phillips petroleum p diamond shamrock dia also said raised crude postings cts barrel bringing wti contract price dlrs barrel contract prices risen response higher spot market prices oil traders said reuter
manufacturers hanover corp mhc sets dividend qtly div cts vs cts prior pay april record april one reuter
shandwick buys los angeles company public relations shandwick plc said agreed buy los angeles based rogers inc entertainment industry total mln dlrs payable completion mln injected business interest free loan expenses acquisition amount stg shandwick said would raise mln stg placing mln shares finance deal balance mln stg used strengthen balance sheet anticipation future performance related payments year end september rogers operating income mln dlrs acquisition shandwick u operating income comparable earns u k rogers estimated pretax profit year end would exceed dlrs extraordinary loss dlrs resulted write assets net tangible assets end september dlrs shandwick shares unchanged p reuter
zayre plans store zayre corp said plans open additional zayre stores new j stores hit miss shops addition zayre said plans add six new wholesale clubs eight new warehouse group earlier company reported earnings ended january mln dlrs dlrs per share versus mln dlrs dlrs per share fiscal also reported fourth quarter net mln dlrs cts share versus mln dlrs cts share fourth quarter reuter
first women bank investor group offer expires investor group owning pct outstanding capital stock first women bank said cash tender offer bank remaining outstanding shares dlrs per share expired march three investors said shares pct outstanding tendered reuter
tesco extends hillards offer tesco plc tsco l said extending mln stg contested bid hillards plc may said controlled pct hillards shares comprising acceptances offer mln pct mln pct owned pension fund associates also controlled convertible preference shares pct hillards shares unchanged p tesco two pence firmer p reuter
far west financial buy progressive progressive savings loan association said agreed principle purchased far west financial corp far west savings loan association acquisition would cash merger progressive shareholders receiving three dlrs per share company said progressive savings assets mln dlrs operates ten offices los angeles orange counties agreement subject federal shareholder approval reuter
corp th qtr net oper shr profit nine cts vs loss cts oper net profit vs loss revs mln vs mln year oper shr profit cts vs loss cts oper net profit vs loss revs mln vs mln note current qtr year figures exclude losses discontinued operations dlrs five cts per share dlrs cts per share respectively prior qtr year figures exclude losses discontinued operations dlrs cts per share mln dlrs cts per share respectively reuter
fed expected add reserves economists say federal reserve expected enter u government securities market add reserves today economists said said fed would probably supply temporary reserves indirectly arranging one two billion dlrs customer repurchase agreements averaging pct yesterday federal funds opened pct remained level reuter
linde ag f year domestic group net profit mln marks vs mln turnover billion marks vs billion incoming orders billion marks vs billion order book end december billion vs billion tax payments mln marks vs mln depreciation fixed assets mln marks vs mln new investment fixed assets mln vs mln dividend already announced marks vs earnings per share marks vs marks shareholders annual meeting may dividend date may world group turnover billion marks vs billion incoming orders billion marks vs billion new investment fixed assets mln marks vs mln world group profit figures given parent company net profits mln marks vs mln turnover billion marks vs billion reuter
commercial metals co nd qtr feb net shr cts vs cts net vs revs mln vs mln avg shrs vs st half shr cts vs cts net vs revs mln vs mln avg shrs vs reuter
seeks canadian funds heavy oil test corp said dominion securities alberta inc appointed offer common shares new company organized exploit heavy oil production opportunities canada western europe said offer private sale stock made best efforts basis designed raise five mln canadian dlrs new company invest properties projects using well stimulation process developed research institute reuter
waste management says waiting period ends chemlawn bid
arco arc says net cover dividend payout atlantic richfield oil co said expects first quarter net income cover dividend requirements quarter company paid quarterly dividend one dlr share earlier month reuter
goodyear gt chairman corporate raids chairman goodyear tire rubber co concern recent hostile takeover bid charged three suits nation industrial base speech meeting south florida business executives goodyear chairman robert mercer corporate raiders takeover specialists causing serious harm companies target interest strengthening america industrial providing jobs said product simply deals product country base future last year mercer fought takeover attempt british sir james goldsmith goodyear independence high price mercer said company bought back goldsmith stock mln dlrs giving mln dlr profit goodyear also paid mln dlrs expenses bought mln shares two billion dlrs effort trim new debt goodyear closed three plants mercer believes otherwise could saved sold motor aerospace units reduced payroll pct said mercer plans tomorrow senate hearing proposed bill control corporate raiders said hostile takeovers also hurt workers reuter
corp year feb net shr cts vs cts net vs sales mln vs reuter
u lead inventories rise february lead stocks held u refiners rose short tons end february short tons revised higher end january american bureau metal statistics reported production lead decreased short tons february short tons january shipments plants increased short tons february short tons revised lower january said reuter
echlin ech expects continued profit growth echlin inc said expects earnings increases second half fiscal ending august due unit sales growth improved operations expected market conditions improved demand automotive replacement parts gradually steadily expanding echlin president frederick said earlier echlin reported first half fiscal ended feb earnings mln dlrs cts share mln cts share prior year first half also echlin said second quarter net income mln dlrs cts per share compared net income mln dlrs cts share fiscal second quarter reuter
graphic industries ends buyout talks graphics industries inc said terminated negotiations acquisition printing corp md companies march announced signed agreement principle acquisition reason given termination negotiations reuter
telecom tele completes sale telecom plus international inc said completed sale pct interest tel plus communications inc siemens information systems inc mln dlrs telecom received mln dlrs closing balance paid said dispute various matters financial statement issues matters said reuter
treasury baker says u backs stability treasury secretary james baker said united states five industrialized nations signing recent paris accord remain committed exchange rate around current levels declined comment believed appropriate level dollar world markets going comment exchange markets read either less remarks might intend said response question house appropriations committee baker said six nations participating paris meeting february acknowledged currencies within ranges broadly consistent economic fundamentals others well remain prepared cooperate closely foster stability exchange rates around levels reuter
partnership cuts stake erc international erc parsow partnership ltd nevada investment partnership said lowered stake erc international inc shares pct total outstanding common stock shares pct filing securities exchange commission parsow said sold erc common shares jan march prices ranging dlrs partnership said dealings erc stock investment purposes intention seeking control company reuter
sun state savings sees higher sun state savings loan expects report earnings increase year chairman edward told shareholders company annual meeting statement said core earnings expected average mln dlrs per quarter six mln dlrs year sales real estate joint ventures add another five mln year sun state reported earnings dlrs dlrs per share reuter
corp ec sets stock split corp said board declared three two stock split raised quarterly dividend cts per share presplit cts payable march holders record march reuter
u feb housing starts rose pct mln permits rose pct mln
frost omit dividend frost bankers inc said defer paying cash dividend next months due economic slump texas economy previously paid five cents share dividend recent quarters also said first quarter earnings ended march said release later month similar fourth quarter earnings last year company reported loss dlrs cts share reuter
franklin resources inc ben sets quarterly qtly div six cts vs six cts prior pay april record march reuter
marshall industries mi rd qtr feb net shr cts vs cts net vs sales mln vs mln nine mths shr cts vs cts net vs sales mln vs mln note per share figure reflects two one stock split july reuter
gull inc rd qtr feb shr cts vs cts net vs sales mln vs mln avg shrs vs nine mths shr cts vs cts net vs sales mln vs mln note prior nine mths net includes gain dlrs insurance payment reuter
lomak strata strata merger pact lomak petroleum inc strata corp based ohio jointly said entered merger agreement strata become wholly owned subsidiary lomak merger terms strata shareholders receive cts per share strata common warrants buy shares lomak common cts per share december strata common share merger subject approval companies boards shareholders agreement certain strata creditors among things said companies reuter
mid state first federal deal mid state federal savings loan association said first federal savings loan association reached definitive merger agreement previously announced shareholders get cash stock exchange shares transaction expected completed summer reuter
gets merger offer inc said shareholders computer identics inc proposed merger two companies company said shareholders previously expressed computer identics management informed computer identics present board longer support majority shares held said shareholders called resignation one computer identics directors suggested new board pursue merger talks said merger talks yet taken place reuter
u set orange juice duties monday commerce department monday set final dumping duties frozen orange juice brazil department officials said preliminary duty pct set last oct imports run mln dlrs year commerce ruling monday duties basis detailed cost information industry officials said duties assessed temporary basis pending final ruling u international trade commission itc whether imports domestic orange industry itc ruled provisionally last june domestic industry injured brazilian orange juice imports complaint brazilian imports costs u market filed behalf u growers florida citrus mutual fla group co inc citrus products u officials say half orange juice consumed united states comes brazil reuter
avalon stake sold avalon corp said sa arranged sell pct stake avalon three representatives avalon board resigned avalon spokeswoman declined buyer stake give terms sale addition avalon said three directors resigned said w director tmoc resources ltd principal holder avalon stock simmons vice chairman shearson lehman bros inc named board reuter
economic spotlight japan shipbuilders recovery japan ailing shipbuilding industry plans years twin recession strong yen capacity workforce cuts greater use computers industry sources told reuters salvage measures include government sponsored rationalisation program aimed back market japan world leader lost south korea currency labour cost said sources said south korea yards pct competitive japan due factors government plans help industry shed pct current capacity within two years mergers legislation put parliament month likely approved may june sources said said september semi government body assure repayment billion yen liabilities incurred job losses sale excess capacity another billion buying land equipment last friday shipbuilders association japan applied fair trade commission form cartel slash tonnage built half total capacity year april commission held several hearings industry approval given month sources said output one two years combined planned cost cutting streamlining program state support help japanese yards recover international competitiveness said cartel proposals yards capable building ships gross tonnes would build maximum three mln compensated gross registered tonnes cgrt half total capacity ease cut competition forced yards sign orders cost sources said industry likely seek renew cartel transport ministry sees new orders falling mln cgrt mln said rationalisation program includes cut estimated workers industry japanese yards topped world order books end december followed south korea taiwan according lloyd register shipping however falling orders declining international competitiveness due strong yen led heavy losses industry sources said four japan six major heavy machinery shipbuilding companies reported current deficits first half year march five expected report current deficits whole said shipbuilding companies streamlining program raise productivity compete south korean yards also hard hit declining orders low ship prices years sources said japan single yard leads industry resulting competition slow progress reducing capacity two largest firms mitsubishi heavy industries ltd heavy industries co ltd account pct ships built sources said world shipowners hope japanese yards manage ride recession technology best world said official major japanese shipping company japanese merchant fleet largest liberia intention shifting countries buy ships encourage japanese yards sources said reuter
counsel corp sets three two stock split counsel corp said plans three two stock split pending shareholder approval april annual meeting company said recently reported profit mln dlrs dlrs share extraordinary items compared mln dlrs cts reuter
plans major restructuring write mln dlrs
american express board approved nippon life purchase shearson interest
u consumer prices rose pct february u consumer prices measured consumer price index urban consumers cpi u rose seasonally adjusted pct february pct january gain labor department said cpi urban wage earners workers cpi w rose february department said prices petroleum based energy rose sharply second consecutive month february less january department said energy prices rose pct last month pct rise january accounting one third overall cpi rise months ended february cpi rose unadjusted pct transportation prices rose pct february pct increase january smaller price rises motor fuels declines new car prices finance charges responsible gasoline prices rose pct last month increasing pct january still pct levels year ago department said housing prices rose pct february pct january increase largely due rise fuel oil prices fuel oil prices pct february increasing pct january still pct price levels february food prices rose pct last month pct january increase grocery store food prices pct january meat poultry fish eggs cost less third consecutive month department said medical care rose pct february level pct one year ago higher costs non drugs medical supplies department said index apparel rose pct february pct increase january department said introduction higher priced spring merchandise particularly men clothing responsible advance prices goods services rose pct february following pct increase january tobacco prices pct pct january increase accounted pct index rise department said reuter
energy corp sets quarterly qtly div cts vs cts prior pay may record april reuter
inc st qtr ends feb net shr cts vs cts net vs revs vs avg shrs vs note qtrs include tax gain vs prior qtr ended march reuter
new market emerges warrants gold new market emerged warrants buy gold vehicle bankers say brings play commodity options field securities past three weeks swiss offices american banks launched total four issues warrants varying conditions drawing renewed inflationary worries recovery gold price last year credit suisse credit suisse first boston issued swiss franc bonds warrants gold similar though aimed less professional market market still small taken together four american led warrant issues raised mln swiss francs banks believe vehicle meets need investors predicted future andrew citicorp investment bank switzerland ag said warrants give smaller investors chance long term investment gold limited risk citicorp zurich launched first warrants february following second issue less week later issuer cases citibank na idea found quick goldman sachs zurich organized co led issue swiss branch banque indosuez march last night morgan guaranty switzerland ag another morgan guaranty trust co new york four issues offer investors striking prices gold ranging indosuez issue dlrs ounce price underlying commodity dlr level first one citibank premiums range pct pct maturities months four years three months cases longer gold futures options u markets bankers inspiration market back february report u consumer prices january jump pct raised threat inflation many people worried inflation said goldman sachs money supply germany united states grown strongly last year people want take ride gold gold market seen strong gains dlrs ounce past weeks banks saw warrants vehicle highly leveraged play risk limited said natural market developed switzerland people understand gold understand warrants said citicorp switzerland warrants series equity linked covered issues based japanese company shares past two years last autumn swiss banks launched covered warrants swiss registered shares bid give foreign investors chance play market otherwise closed swiss citizens play higher leverage quick issues market dried swiss shares prices fell january issues marketed basis simple premiums implicit volatility models devised provide scientific comparisons options market martin morgan guaranty said bank issue competitive despite relatively high premium issue five ounces dlrs priced swiss francs making premium spot gold price nearly pct using black options model said issue long year maturity meant warrants needed implicit volatility gold pct option pay claimed lower issues said black citicorp used pointed higher morgan issue emphasized models best science bank using model put implicit volatility needed issue close pct whatever calculation issues received warm welcome investors goldman sachs said lot demand even among small investors buying warrants sophisticated ones buy premiums high said reuter
micron technology inc dram nd qtr march five shr loss cts vs loss cts net loss mln vs loss revs mln vs avg shrs mln vs mln st half shr loss cts vs loss dlrs net loss mln vs mln revs mln vs mln avg shrs mln vs mln reuter
yeutter says u stress trade negotiations long term u trade policy
court rejects appeal food unit appeal spa court ruling accord acquire italian state food firm finanziaria binding rejected court officials said appeal court rejected claim billion lire accord state industrial company per la binding contract decision court ruling last july controlled compagnie investment company controlled ing c olivetti ec spa mi chairman de reuter
plans sale division inc said plans sell specialty materials division part debt reduction restructuring company said use proceeds sale reduce debt incurred acquisition ex cell corp last year said morgan stanley co represent sale reuter
ltd net net profit mln dlrs vs loss mln net equity accounted pre equity accounted net mln dlrs vs loss mln pre equity shr profit cents vs loss final div announced july vs first final cent sales billion vs billion income mln vs mln shrs mln vs note net tax paid mln dlrs vs credit mln interest mln vs mln depreciation mln vs mln minorities mln vs loss net net extraordinary loss mln vs nil comprise exchange losses mln provision smelter closure costs mln increase future tax provision mln reuter
u housing starts rose pct february u housing starts rose pct february seasonally adjusted annual rate units commerce department said january housing starts fell revised pct units department previously said fell pct rate permits issued future construction rose february pct seasonally adjusted units falling pct units january permits single family houses fell january pct number permits multi family houses fell february pct units falling january pct department said housing starts february included seasonally adjusted pct rise single family units units pct fall multi family homes units seasonally adjusted permits total february single family units multi family units units reuter
unilever un chesebrough offers sell bass chesebrough inc recently acquired unit unilever n v said offering sell bass shoe division result ongoing evaluation long term direction businesses diversified maker health beauty aids said acquired maine based g h bass co company reported annual sales mln dlrs bass known high quality chesebrough said bass sales exceeded mln dlrs reuter
countrywide credit industries inc ccr th qtr feb end shr cts vs cts shr diluted cts vs cts net vs revs mln vs mln avg shrs mln vs mln shr dlrs vs cts shr diluted dlrs vs cts net mln vs revs mln vs mln note share adjusted stock dividends declared today reuter
shareholders approve sale financial corp said shareholders special meeting approved transaction company transferred interest three insurance companies wholly owned subsidiary sold three companies affiliated subsidiary said company interests west virginia fire casualty co insurance co national term life insurance co transferred first national co sold three mutual cash office building related real estate reuter
siemens raises stake telecom plus u siemens ag sieg f fully owned subsidiary siemens systems inc raised stake telecom plus communications inc pct pct siemens spokesman said added telecom plus communications largest independent supplier telephone exchange systems u achieved turnover mln dlrs stake acquired telecom plus international inc spokesman declined comment u newspaper reports purchase price remaining stake totalled mln dlrs reuter
commercial credit ccc unit sells division commercial credit co said american health life insurance co sold ordinary life insurance business american national insurance co american national assume business later august commercial credit said sale part restructuring program begun commercial credit subsidiary late company said reuter
savings association th qtr loss shr loss dlrs vs loss dlrs net loss vs year shr loss dlrs vs loss dlrs net loss vs loss note net includes tax credits dlrs vs dlrs quarter dlrs vs dlrs year reuter
current exchange rates almost within levels agreed major nations sumita
avery sees qtr year loss avery inc said company show profit next quarter probably show profit speaking annual shareholders meeting chairman nelson declined estimate company would become profitable said chemical co acquired last year would increase avery operating earnings associated acquisition costs would prevent avery posting net profits time meeting stockholders approved increase authorized number common shares mln mln fiscal year ended may avery reported loss dlrs company changed fiscal year end sept increase common shares would cover among things exercise triangle industries inc tri drexel burnham lambert inc warrants issued relation avery mln dlr acquisition chemical late last year reuter
tool company says baker international merger plan terminated
u card international inc th qtr net january end oper shr profit cts vs loss six cts oper net profit vs loss revs mln vs mln avg shrs mln vs mln year oper shr profit cts vs profit cts oper net profit vs profit revs mln vs mln avg shrs mln vs mln note net excludes extraordinary tax charge dlrs vs credit dlrs quarter credits dlrs vs dlrs year reuter
south korean fixed month high bank korea said fixed dollar highest level since february set yesterday risen pct dollar far year rising pct reuter
taiwan says u wants taiwan dollar appreciate united states wants taiwan currency appreciate faster reduce taiwan trade surplus u senior trade official said board foreign trade director siew told reporters saturday u officials told washington last week unless taiwan allowed dollar rise faster would face retaliation siew returned washington friday u responded taiwan request increase textile export quotas promising talks may taiwan surplus u hit record billion u dlrs washington signed three year accord taipei last year limiting textile export growth pct year siew said taiwan dollar risen pct u dollar since september surged last week amid indications washington seeking major rise value rose four cents u dollar saturday close western trade sources told reuters taiwan u holding talks currency issue added clear far washington wants see taiwan dollar rise reuter
cannon inc sets quarterly qtly div cts vs cts prior pay march record march reuter
komatsu ltd year group shr yen vs net billion vs billion pretax billion vs billion operating billion vs billion sales billion vs billion note company forecast current year group net billion sales billion reuter
cyclops cyl give data group cyclops corp said board rejected request cyacq corp investor group non public information cyclops maker specialty steels electronics retailer cyclops cited agreement acquired britain dixons group plc dlrs share tender offer expires midnight march cyacq comprising audio video affiliates inc citicorp capital investors ltd investors yesterday said would increase tender offer cyclops dlrs share dlrs subject certain conditions conditions cyclops provide cyacq non public data given dixons cyacq satisfied financial projections made dixons offer cyclops also said board determined cyacq announcement offer cyacq press release amend cyacq outstanding tender offer remains dlrs per share state cyacq financing commitments necessary carry original offer increased offer may make cyclops said statement agreements dixons binding dixons indicated waive provisions pacts cyclops said company also said advised dixons shareholders approved merger condition agreement reuter
energy ventures th qtr net net profit vs loss revs vs year net profit vs loss revs vs mln reuter
bundesbank sets day securities repurchase tender fixed pct
system software associates st qtr net periods end january shr cts vs nine cts net vs revs vs note system software associates inc full name company reuter
federal paper board co fbt sets payout qtly div cts vs cts prior pay april record march reuter
royal bank canada brazil unit sees growth royal bank canada small brazilian commercial bank subsidiary banco royal canada brasil sees opportunities growth expected substantial increase brazilian exports canada banco royal president michael brennan said brazilian exporters interested canadian market market brennan told reporters speech brazil canada chamber commerce brennan said brazil currently exporting products like paper machinery ships canada said hopes see medium term financing facilities brazilian companies shortly following agreement reached january international financial authorities brennan estimated brazilian exports canada totalled roughly mln canadian dlrs imports canada reached mln dlrs brennan said expects banco royal profit increase year three mln u dlrs reported fiscal ended september said could predict much country uncertain financial climate brennan said expects bank growth come increased exports canada banco royal canadian owned commercial bank brazil although bank montreal brazilian investment bank subsidiary said brennan said expected brazil able reach equitable agreement foreign banks restructuring billion u dlr foreign debt brazilian economy essentially healthy said believed brazil might position resume debt repayments within year brennan said could comment impact brazil interest payment moratorium royal bank canada reuter
unilever plc adjusts dividend unilever plc un said reduction u k advance corporation tax act prompted company adjust final dividend p per share originally declared p unilever final dividend amounted p adjustment stemmed dividend agreement british company dutch partner unilever nv act respect dividend paid unilever plc treated part dividend unilever nv final dividend remains guilders declared results march reuter
texstyrene foam suspends preferred payments texstyrene corp said suspended quarterly cash dividend payments pct convertible exchangeable preferred stock suspension effects march payment said expect pay preferred dividends future said payments suspended certain covenants contained loan agreements spokesman said company loss dlrs first months public company meet income condition loans leading suspension maker foam food containers products said outstanding preferred shares privately placed dividend payments shares amounted dlrs per year spokesman said reuter
meridian bancorp inc sets regular payout qtly div cts vs cts prior pay april one record march reuter
woodside says loss reflects lower oil prices woodside petroleum ltd said net loss largely reflected drop oil prices combined large tax provision woodside earlier reported attributable net loss rose mln dlrs mln although group revenue rose mln mln said received mln dlr tax credit instead made mln dlr tax provision largely related ltd unit non allowable exchange losses tax benefits north west shelf project recognised accounts woodside said rise revenue largely reflected full year sales gas condensate domestic phase shelf project six month sales offsetting pct fall cooper basin gas liquids revenue pct owned unit since balance date woodside accepted santos ltd stos takeover offer woodside said mln dlr capital profit sale would included accounts said lifted capital spending fixed assets mln dlrs mln mostly shelf project reuter
tseng sees sales increase first qtr tseng laboratories inc said expects first quarter sales exceed total sales entire year said expects earnings quarter grow faster rate sales tseng posted total revenues net income cts per share jack tseng president company attributed high expectations increased orders major well accelerated business growing network tseng posted first quarter sales net income company said reuter
magma lowers copper cent cts magma copper co subsidiary newmont mining corp said cutting copper cathode price cent cents lb effective immediately reuter
magellan petroleum corp rd qtr jan shr loss nil vs profit nil net loss vs profit revs vs avg shrs mln vs mln nine mths shr profit nil vs loss one ct net profit vs loss revs vs avg shrs mln vs mln note net includes tax credits dlrs vs dlrs dlrs vs dlrs nine mths reuter
neco bidder extends tender offer investor david laroche said extended cash offer buy shares neco enterprises inc dlrs april tender offer expired yesterday filing securities exchange commission laroche north r investor already holds nearly one third neco total outstanding also waived condition offer minimum shares actually tendered neco shares outstanding reuter
china foreign exchange reserves fall china foreign exchange reserves totalled billion dlrs end billion end september billion end according central bank figures published new china news agency agency said billion dlrs reserves held state treasury billion end september billion held bank china billion china outstanding foreign debts rose billion end billion end gold reserves stood mln ounces unchanged year reuter
u money supply rises billion dlr u money supply rose billion dlrs seasonally adjusted billion dlrs march week federal reserve said previous week level revised billion dlrs billion four week moving average rose billion dlrs billion economists polled reuters said would rise anywhere mln dlrs three billion dlrs average forecast called billion dlr increase reuter
usx x unit raise crude postings usx subsidiary marathon petroleum co said raise contract prices eleven grades crude oil cts barrel effective tomorrow increase brings marathon posted price west texas intermediate west texas sour grades dlrs barrel light louisiana grade also raised cts dlrs barrel reuter
belgian minister privatisation plan belgian budget minister verhofstadt proposed plan sell shares several state owned enterprises including national airline telecommunications authority government sources said said plan could raise billion francs revenue next five years according verhofstadt projections helping government reduce huge budget deficit targetted year billion francs scheme received social christian parties belgium centre right coalition verhofstadt unveiled cabinet meeting yesterday discussion plan likely long difficult sources said verhofstadt proposes beginning last quarter sale pct state investment company expects sale raise three billion francs added pct share would sold mid billion francs pct telecommunications authority would sold two stages mid early raising least seven billion francs also verhofstadt list maritime transport authority leading gas distributor savings bank several credit institutions le daily quoted vice president paul expressing strong opposition privatisation bank public company public company wish stay told paper reuter
industries inc th qtr oper loss period ended jan oper shr loss cts vs loss dlrs oper net loss vs loss sales mln vs mln year oper shr loss cts vs loss cts oper net loss vs loss sales mln vs mln note earnings exclude loss sale discontinued operations dlrs one ct share vs gain dlrs cts share quarter gains dlrs cts share vs dlrs dlr share year reuter
u k money market offered early assistance bank england said invited early round bill offers discount houses forecasting shortage around billion stg money market today among main factors affecting liquidity bills repurchase market drain mln stg bills maturing official hands take treasury bills remove around billion stg rise note circulation take mln stg partly offsetting outflows exchequer transactions add around billion stg bankers balances target mln stg reuter
australia leading index continues rise december westpac banking corp melbourne university institute applied economic social research said leading index australian economic activity rose successive month december index rose base november year earlier westpac institute report said annualised rose pct december seven pct november one pct year earlier based ratio latest index average previous months report said index points pct march westpac chief economist bob said consistent upward trend leading index emphasised need tough mini budget may increase consumption spending balance payments would disastrous consequences said index also rose annualised three pct december zero movement november seven pct rise year earlier westpac institute said said index continued show current recession likely involve slowing real growth absolute fall economic activity reuter
fed buys mln dlrs bills customer federal reserve purchased mln dlrs u treasury bills customer spokeswoman said said fed bought bills maturing june july august september regular delivery tomorrow dealers said federal funds trading pct fed announced operation reuter
may department stores th qtr jan net shr dlrs vs dlrs net vs revs billion vs billion avg shrs vs year shr dlrs vs dlrs net vs revs billion vs billion avg shrs vs note period ended feb share data restated common stock split july earnings reflect charge one ct share resulting use method inventory valuation th qtr earnings include pretax capital gain mln dlrs cts share sale joseph co division pittsburgh note th qtr earnings include mln dlr cts share pretax charge costs associated combining may f denver operating divisions th qtr earnings include pretax charge mln dlrs nine cts share costs associated several debt repurchase transactions including retirement mln dlrs pct debentures reuter
des eaux forecasts profit rise consolidated attributable net profit ste des eaux pa likely rise least pct year mln francs reported chairman jerome told news conference group turnover rise seven pct mln reported year group investments total around billion francs somewhat billion annual average past three years added investments aimed mainly developing group leisure industry health communications activities said leisure sector group planned joint development club pa club med hectare park department eastern central france said wholly owned subsidiary de would carry construction work financial planning development would leased club med operator complex said gave financial details said leisure sector investments would total mln francs next three years investments communications industry would go mainly develop group cable television activities pct owned metropole television affiliate metropole recently concession operate sixth television channel france financing requirement metropole would mln francs next four years des eaux would provide mln said said metropole aimed win pct share pct national television advertising market total investment group communications sector including cable activities would mln mln francs next five years mainly concentrated coming year investment cable operations would total mln mln five years aim widening subscribers boosting turnover around mln francs year mln reuter
toll brothers inc st qtr jan net shr cts vs cts net vs revs mln vs mln note amts reflect stock split company common form pct stock dividend paid feb reuter
milds coffee producers meet may coffee producers belonging milds group meet may guatemala discuss possibility restoring export quotas producer delegates told reporters closing session international coffee organization ico executive board meeting milds group comprising costa rica dominican republic ecuador el salvador guatemala honduras india mexico nicaragua papua new guinea peru might consult brazil colombia meeting certain whether two countries would attend said ico board meeting ended without moves restart negotiations quotas broke last month producer delegates said producers expected hold consultations coming months proceed quota negotiations date full producer meeting mentioned said board completed reports stock verification next regular board session indonesia june delegates said reuter
weinberger opposes fujitsu buying u firm defense secretary caspar weinberger join commerce secretary malcolm baldrige fighting fujitsu ltd itsu plan buy pct fairchild semiconductor corp pentagon officials said weinberger opposes best interests country micro electronics business leaving united states one pentagon officials asked identified told reuters commerce department officials told reuters yesterday baldrige opposed planned sale white house economic policy council take matter within weeks commerce defense officials said baldrige weinberger feared u military already heavily foreign electronic support defense department also said today weinberger baldrige differed proposed sale u computer equipment iran commerce department advised pentagon recently defense objections two proposed sales iranian power company islamic republic iran news agency valid sales small medium computers would go unless evidence presented reuter
flowers industries inc hikes payout qtly div cts vs cts prior pay may record april reuter
economic spotlight u deficit nics u trade deficit taiwan korea expected widen year despite economic currency adjustments two newly industrialized countries economists said surpluses taiwan korea ran u get bigger time next year u countries exports said manufacturers hanover trust co taiwan currently third biggest exporter u japan canada korea seventh largest faced heightened protectionist sentiment congress reagan administration stepping rhetoric taiwan korea urging countries allow currencies appreciate lift free trade shifted newly industrialized countries nics amid signs dollar steep drop currencies japan ec nations previously main focus u drive cut trade gap beginning close gap american goods u treasury secretary james baker said recently expects reduction japan trade surplus year u manufacturers still losing markets taiwan korea whose currencies risen much yen mark major beneficiaries soft oil prices low labor costs taiwanese korean exporters well placed take slack comment washington japan said robert lloyds bank plc asia four main nics hong kong south korea singapore taiwan accounted almost one fifth overall billion dlr u merchandise trade deficit u trade gap taiwan rose billion dlrs billion bilateral trade deficit south korea grew billion billion preliminary u data show growth trend continuing u trade shortfall taiwan billion dlrs january pct year earlier gap korea mln dlrs pct year ago nations said take steps defuse trade tensions korea said many items u wants cut import tariffs order pressure currency revaluation still south korean trade minister rha woong bae said last week korea would maintain trade surplus three five years way cut billion dlr foreign debt part taiwan said january cut tariffs goods sometime second half try diversify exports vice economic minister wang said last month still expect taiwan trade surplus u fall nics made deep inroads markets textiles electronic goods korea raising profile area big ticket manufactured goods notably cars korea expects auto exports mostly north america units zero nics exports almost manufactured goods exports rise hits heart u manufacturing base cuts directly us customers said bob manager economic studies bethlehem steel corp u takes pct korea computer products exports pct electrical appliances pct telecommunications equipment recent study morgan guaranty trust co says taiwan south korea pressing trade issue u hong kong singapore run trade surpluses u offset deficits countries taiwan lesser extent south korea stand marked contrast nations moved rapidly large bilateral surplus u major trade current account surpluses morgan study says morgan expects taiwan overall trade surplus grow billion dlrs billion last year korea increase billion dlrs billion concern nics confined u lot korea taiwan exports u japan expense said richard general motors corp february paris meeting six major industrial powers nics lower trade barriers currencies two approach drawn little response two nations far case work sizeable lag economists say u said much thinks taiwan korea currencies climb taiwan dollar pegged u dollar risen pct since september korean risen five pct real terms taiwan dollar flat u unit lost seven pct economists say seen competition countries currency changes said bethlehem steel far u pleas taiwan korea use export earnings import little effect moreover uncertain far u protectionism get given administration free trade stance hard see anything passed much year end question one economist said reuter
u k retail prices rise pct february retail price index rpi britain measure inflation rose pct february revised basis give year year rise pct employment department said january index rose pct pct year year rise previous base new index february rpi set base january february rpi rose pct giving pct year year increase old basis inflation data compares market forecasts rise pct february yearly rise four pct economists said employment department said rise index january february mainly result higher prices petrol fresh vegetables cars car maintenance reuter
uk may japanese financial licenses british government may licences selected japanese banks securities companies operating london financial city come renewal next summer progress made towards opening japan markets foreign competition government sources said say yes going licences definitely considered official said comments came government formally urged today cross section influential take joint retaliatory action united states japan britain grown increasingly japanese trade practices sense urgency emphasis securing interests japan another government official told reuters prime minister margaret thatcher said thursday britain would use new powers contained financial services act banking bill retaliate countries offer reciprocal market access clearly japan mind government sources said u k last year showed trade japan billion stg official figures show parliamentary motion signed today urged u k government coordinate action president united states department trade industry suspend applications japanese communications companies equipment approval british approvals board telecommunications applications japanese financial institutions licences authorities japan stopped imposing called restrictive conditions bid cable wireless plc cawl l u japanese partners stake japan international telecommunications market motion retaliatory steps came cross section reflecting strength feeling inside parliament said action would increase pressure conservative government take firm action officials said another option considered u k issuing new banking licences japanese institutions could done government proposed banking bill moving parliament japanese financial institutions authorised deal london banks tokyo london based firms authorised financial business officials said new financial services banking acts offer britain alternative retaliation would otherwise denied legally binding international trade agreements financial services act gives trade industry secretary paul channon power stop firms investment banking insurance one official said point made japanese official level number times official added britain france working together urge european community take collective action japan working within ec another official said british trade minister alan clark said week radio interview european community build barriers japanese imports certification procedures similar facing european exporters japan comes point cannot resist longer said adding barriers put place overnight clark said issue reciprocity regarding visible trade strikes basis whether british industry fair access extremely large market japan dominant position certain aspects domestic market really question fairness situation likely worsen following news japan trade surplus rest world rose pct february year year billion dlrs billion january political sources said clark said interview issues visible trade access financial markets kept separate britain decide act japanese financial institutions would likely focus smaller rather larger ones risks role global business centre government sources said japan four largest securities houses members london stock exchange washington white house officials said president reagan ready impose retaliatory trade action japan breaking semiconductor agreement united states immediate indication reagan might act recommendations economic policy council curb japanese exports united states officials said move could come today early next week trade sources said actions reagan included tariffs wide variety japanese exports use semiconductors reuter
turkey seeking tonnes sugar trade turkey holding buying tender tonnes white sugar march traders said sugar sought early arrival probably met april may shipment sugar added earlier today newspapers turkey carried advertisement turkish sugar factories offers tonnes crystal sugar pct option increase decrease amount period turkey year exported tonnes whites iran tonnes iraq following lower sugar crops past two years analysts said turkey needs import sugar continue export contracts may need buy last month london broker c czarnikow estimated turkish production mln tonnes raw value mln average mln previous three seasons semi official agency recently quoted turkish minister industry trade saying turkey would export tonnes sugar year import amount reuter
manhattan national corp mlc th qtr loss oper shr loss cts vs loss cts oper net loss vs loss revs mln vs mln mths oper shr loss six cts vs loss cts oper net loss vs loss revs mln vs mln note qtrs prior exclude net realized investment gains dlrs dlrs respectively years prior exclude realized investment gains dlrs dlrs respectively reuter
insurance managers inc th qtr oper shr cts vs cts oper net vs revs mln vs avg shrs vs year oper shr cts vs cts oper net vs revs mln vs mln avg shrs vs note net excludes investment gains dlrs vs dlrs quarter dlrs vs dlrs year year net excludes dlr tax credit share adjusted one two reverse split november reuter
helm resources inc h th qtr loss oper shr loss two cts vs loss cts oper net loss vs loss revs mln vs mln year oper shr profit two cts vs loss cts oper net profit vs loss revs mln vs mln note net excludes discontinued operations gain dlrs vs loss dlrs quarter gain dlrs vs loss dlrs year net excludes extraordinary loss dlrs vs gain dlrs quarter gains dlrs vs dlrs year net periods includes writedowns dlrs oil related seismic data reuter
lindner tells sec talks taft seeking control company
c w offered role new japan telecom company japanese businessman announced plans new telecommunications firm britain cable wireless plc would core company however plan unveiled senior federation economic organizations official fumio watanabe specify stake cable wireless would share holdings core companies equal watanabe said statement actual percentage shareholdings agreed core companies said eight core companies provide directors firm new company shall immediately set work feasibility study constructing new cable watanabe said watanabe acted two rival groups one included c w seeking compete kokusai denshin denwa co ltd japan overseas telephone business post telecommunications ministry said wants one competitor kdd backed watanabe efforts british source declined identified said proposals could open door talks c w cawl l firms involved c w earlier rejected reported proposal would given five pct share new telecommunications firm compared less three pct stake watanabe originally proposed c w pct stake one two firms watanabe proposed merge british source said decision specify exact shareholdings core companies could leave door open discussion probably approach part british source told reuters c w also pushing hard permission lay new cable japan u proposed merger sparked international row british government sources threatening retaliatory action japan see discriminatory practices foreign firms sources said last friday one option britain would licenses japanese banks securities companies operating london u also attacked original merger plans saying rival consortia licensed asked participation u european firms watanabe said core companies wish could participate japanese law total foreign participation would limited one third might c w join new firm support many influential work within realization ideas watanabe told reporters core firms mitsubishi corp mitsui co sumitomo corp electric industrial co toyota motor corp c itoh co pacific telesis international inc watanabe said latest proposal represented final effort fails satisfy british government japanese government explain position said reuter
cooper canada ltd year net shr cts vs cts net vs revs mln vs mln reuter
phillips raises crude postings cts effective today wti dlrs bbl
bayer world group pre tax profit billion marks billion official
c holdings sells energy unit c holdings inc said sold substantially assets oil gas unit petro resources inc affiliated partnerships mln dlrs cash parker petroleum co midland texas company said subject certain post closing adjustments expects post small profit sale reuter
rexnord rex sells unit neoax rexnord inc pct owned banner industries inc bnr following recent tender offer said completed sale manufacturing co subsidiary neoax inc mln dlrs cash rexnord said still plans sell process machinery division conveyor co part planned program divest five businesses mln dlrs assets corp railway maintenance equipment co already sold reuter
hadson acquire pct seaxe hadson corp said signed definitive agreement acquire pct outstanding common stock seaxe energy corp company said buy pct interest seaxe shareholders owning restricted controlled shares less hadson common shares said closing subject approval title french government seaxe involved oil natural gas exploration development paris basin france reuter
basf basf f says results affected dlr basf ag said volatile currency situation last year particularly fall dollar led sharp drops turnover denominated marks price reductions exports domestic production statement accompanying year end figures group said expected satisfactory business development next months moment expect extraordinary influences last year said orders hand incoming orders steady high level basf reported pct lower world group pre tax profit billion marks compared unusual situation crude oil market last year also produced clear sales slide oil gas sector forced price declines petrochemical products basf said fall pre tax profit losses stocks oil gas sector beginning parent company positive earnings development continued said pre tax profit rose pct billion marks decline parent company turnover balanced increased capacity use price declines raw materials world group turnover pct billion marks compared basf said parent turnover fell pct billion turnover increases exceptions sectors fine chemicals systems achieved areas widened last year acquisition results taken partly fourth quarter year fully included data far current year investment volume parent company world group exceeding basf said without giving concrete figures reuter
bnl announces net profits bank sector state owned banca nazionale del bnl said profits banking activities billion lire billion lire consolidated results bnl also interests public works industrial credit sectors expected announced later year results banking sector presented shareholders meeting scheduled april reuter
senator says energy report assumptions sen pete main sponsor legislation set oil import fee said administration energy security report based economic assumptions new mexico republican said report take account last weeks drop domestic oil production statement oil fee would raise prices consumers report said decline economic growth result fee would reduce tax revenues five dlr per barrel oil import fee provide stimulus create jobs investment raise revenues said reuter
canadian imperial bank commerce cuts prime rate pct tomorrow
alusuisse sees possible break even schweizerische ag aluz z alusuisse may able break even year balance sheet chief executive hans jucker said threshold profitability returned foreseeable future said expect already approximately break even however industrial environment worsen said alusuisse would longer face burden past losses alusuisse made net loss mln swiss francs restated mln loss gross sales billion francs billion net turnover billion billion alusuisse originally reported mln francs loss jucker finance director told news conference new management installed year ago decided previous five years accounts eliminate rights australian bauxite previously books asset together one charges alusuisse took gross extraordinary charge mln francs mln also mln extraordinary income remaining provisions sale corp subsidiary united states extraordinary gains jucker said losses plus carried forward wiped company remaining reserves exceeded legally allowed levels forcing alusuisse adopt pct capital cut approved shareholders april jucker said knew shareholders would find radical elimination mortgages past said foundation laid successful new company strategy said despite losses company liquidity strong bank debt cut one third billion francs end level billion cash flow improved substantially mln francs mln represented pct turnover pct addition reassure creditors alusuisse arranged three major swiss banks union bank switzerland z swiss bank corp z credit suisse z convert mln francs credits subordinated loan main sources losses book losses cash losses said existing credit lines used small extent parent company granted new credit line mln francs consortium swiss banks would cover loans falling due said company criticized maintaining bauxite rights asset restated accounts left account mln franc loss instead mln mln profit instead mln mln loss instead mln mln loss instead mln new accounts show shareholders equity billion francs instead billion similar made previous years losses shareholder equity stood mln francs reuter
american israel corp year net shr cts vs cts net vs revs mln vs mln note includes extraordinary income dlrs three cts shr restated reuter
cos inc year net oper shr dlrs vs cts oper net vs sales mln vs mln note net excludes discontinued operations gain dlrs vs loss dlrs reuter
imperial oil imo talks suppliers imperial oil ltd pct owned exxon corp xon negotiating major crude oil suppliers concerning effects trial deregulation alberta shut crude oil production scheduled implemented june company spokesman said point view question entering negotiations discussions make appropriate changes contracts reflect changes going take place june spokesman john cote told reuters reply query commenting published reports imperial suspended oil supply contracts cote said question suspending agreements point june alberta energy resources conservation board lift crude oil marketing system regulating shut light medium crude production trial basis end new system producers refiners allowed negotiate volumes shut oil delivered purchase contracts shut crude surplus total amount oil produced amount purchased refiners talked number major suppliers discussed upcoming change nothing finalized imperial manager western crude supply gary strong said alberta trial system imperial wants match reasonable supply crude company forecast demand refineries strong said know relates need total said strong said figures amount crude production imperial purchases outside suppliers immediately available reuter
h co ltd increases dividend semi annual cts vs cts prior pay june record june reuter
zambia copper investments ltd johannesburg march ended december shr net u cents vs loss pre tax dlrs vs net earnings vs loss mln foreign tax gain vs extraordinary items nil vs loss mln period reuter
texas international completes reserve sale texas international co said completed previously announced mln dlr sale domestic oil natural gas reserves total compagnie francaise des petroles said closing used part proceeds retire mln dlrs u bank u senior debt rest used general corporate purposes reuter
canadian foreign reserves surge month canadian foreign reserve holdings rose billion u dlrs march billion dlrs finance department said department said change february included decrease mln dlrs repayment maturity swiss franc mln issue also included also mln dlr decline net redemption canada bills par value bills outstanding mln dlrs march month reserves billion dlrs march total billion dlrs reserve holdings u dlrs end march versus end february follows u dlrs billion vs billion foreign currencies mln vs mln gold mln vs mln special drawing rights mln vs mln imf reserves mln vs mln reuter
fed expected add temporary reserves federal reserve expected enter u government securities market add temporary reserves economists said expect supply reserves indirectly arranging two billion dlrs customer repurchase agreements fed may add reserves directly instead via system repurchases federal funds averaged pct yesterday opened pct stayed early trading analysts said rate upward pressure partly settlement billion dlrs five year treasury notes reuter
key centurion buy bank key centurion bancshares inc said reached agreement principle acquire central national bank w virginia terms call exchange shares centurion shares share central national transaction valued mln dlrs reuter
first union func acquisition approved first union corp said buyout commerce national bank first union national bank florida unit approved commerce shareholders according terms deal first union pay mln dlrs outstanding shares commerce national bank mln dlrs assets reuter
german bank sees higher gold price gold expected continue rise year due renewed inflationary pressures especially u hamburg based und ag said said statement stabilisation crude oil prices organisation petroleum exporting countries efforts achieve firming price led growing inflationary pressures u money supplies u japan west germany exceed central bank limits real growth gross national products added use physical gold rise year due increased industrial demand higher expected coin production bank said speculative demand influences gold price futures markets also risen bank said factors south africa unstable political situation may lead temporary reduction gold supplies country firmer sentiment said however australia output estimated rise tonnes year tonnes reuter
citicorp says placing brazil loans cash basis could cut st qtr net mln dlrs
u congress look soil program senate agriculture committee expected take bill tomorrow would exempt government conservation regulations farmers multiyear row crops committee staff said current called law farmers planted multiyear highly land years lose federal farm program benefits produce row crop land later years sen edward sponsor measure said recently crop practices resulted less erosion practices many farmers produced strictly row crops reuter
baldrige says u go ahead japanese sanctions
u coffee stocks latest week amount coffee stored new york new orleans warehouses delivery new york coffee c futures totalled bags april compared bags previous week net decrease bags new york coffee sugar cocoa exchange said total comprised bags new york increase bags bags new orleans drop bags exchange said nil bags pending bags pending certification including new york new orleans exchange said reuter
chicago milwaukee shearson stake chicago milwaukee corp said welcomed investment shearson lehman brothers inc company yesterday shearson lehman subsidiary american express co axp disclosed securities exchange commission filing holds pct interest chicago milwaukee chicago milwaukee stock edged turnover shares one biggest nyse stock trading range last weeks edwin jacobson chicago milwaukee president declined comment movement company stock said investment point view pleased shearson lehman substantial investor shearson lehman purchased shares investment purposes may continue buying shares depending market conditions according filing chicago milwaukee sold railroad interests soo line railroad co soo february currently manages sells real estate consists states reuter
uk intervention says ec sold tonnes white sugar rebate ecus
ends merger talks sets purchase corp said ended talks capital corp possible starting offer dlrs share oustanding shares b c industries inc said b c tender offer scheduled expire april reuter
baldrige sees u trade deficit starting decline feb march data
communications inc rd qtr jan shr profit three cts vs loss two cts net profit vs loss revs mln vs mln nine months shr profit five cts vs profit six cts net profit vs profit revs mln vs mln reuter
german net currency reserves fall billion marks billion bundesbank
scott declares first payout scott financial inc said declared first quarterly dividend three cents per share payable april shareholders record april one reuter
fhlbb changes short term discount note rates federal home loan bank board adjusted rates short term discount notes follows maturity new rate old rate maturity days pct pct days days pct pct days days pct pct days days pct pct days days pct pct days days pct pct days reuter
union shippers agree cut n port costs new york shipping association international association said agreed cut cargo assessments port new york new jersey pct labor intensive charges cargo handled union workers reduced dlrs ton dlrs ton effective april one according agreement union shippers assessments used fund workers benefits lowering price get bulk cargo flowing spokesman new york shipping association said
chicago dock canal rd qtr net period ended jan shr cts vs cts net vs nine mths shr dlrs vs cts net vs note full name chicago dock canal trust nine months earnings include gain real estate dlrs dlrs share reuter
first boston fbc starts allegheny ag bid first boston inc said started previously announced tender offer common shares dlr cumulative preference shares dlr convertible preferred shares allegheny international inc dlrs dlrs dlrs respectively newspaper advertisement company said offer withdrawal expire april nine unless extended offer conditioned receipt least majority allegheny voting power fully diluted basis receipt least two thirds preference preferred shares merger approved allegheny board remaining common preference preferred shares would acquired tender prices follow offer receipt minimum amounts offer would give first boston sufficient voting power assure approval merger without vote shareholder company said reuter
bangemann denies newspaper interview subsidies west german economics minister today denied giving newspaper interview quoted saying state could continue money country ailing steel coal industries economics ministry spokesman dieter said statement bangemann contacted new zealand attending general agreement trade tariffs gatt ministerial meeting deny giving interview conservative daily paper quoted bangemann saying continued subsidies would endanger parts german economy making uncompetitive said bangemann pledged everything possible would done effects reduced coal steel production regions concerned said interview bangemann taken place meeting free democratic party last friday adding tape recording comments would publish tomorrow reuter
philippines lobby u higher sugar quota philippines ask u agriculture department usda increase sugar import quota following market reports taiwan able fulfil quota sugar regulation administration sra chairman yulo said yulo told reuters sra would also protest usda move award taiwan shortfall dominican republic dominican republic already larger sugar quota yulo said taiwanese shortfall awarded philippines least share hike dominican republic usda last december listed sugar import quota allocations dominican republic short tons taiwan short tons philippines said badly hit cut quota short tons reuter
allied research associates inc year net shr cts vs cts net vs sales mln vs mln note backlog february mln dlrs vs mln dlrs year reuter
dollar general corp th qtr net shr cts vs cts net vs revs mln vs mln year shr cts vs cts net vs mln revs mln vs mln reuter
national co th qtr net net vs na revs mln vs mln year net mln vs na revs billion vs billion note current year includes earnings mln dlrs four months ended april year ago earnings comparable acquisition holdings inc april reuter
u k money market offered early assistance bank england said invited early round bill offers discount houses forecasting shortage system billion stg among main factors affecting liquidity bills maturing official hands treasury bill take drain billion stg exchequer transactions take around mln stg bankers balances target five mln stg partly outflows fall note circulation add mln stg system today reuter
pesch sees shareholder support ami ami bid chicago pesch said discussions several american medical international inc shareholders sees support restructuring company pesch said discussed sweetened billion dlr takeover bid american medical several large shareholders including biggest investor bass family texas however bass family indicated support one way offer said pesch interview reuters said based held shareholders could whether majority support said however support offer pesch would identify shareholders held discussions bass family wedge group inc holder five pct american medical stock earlier today wedge group pct stake said held discussions pesch american medical management american medical shareholders wedge filing securities exchange commission said believes restructuring american medical business would highly appropriate time sort position find large segment shareholders ami really share said pesch pesch said held discussions wedge joining takeover effort offering dlrs cash four dlrs preferred stock one dlr common stock american medical share wedge said plans join effort seek control american medical would rule future takeover try pesch said discuss joint takeover proposal bass family analysts saw wedge statement boost pesch takeover effort sign could shareholder following american medical previous rejection dlr per share cash offer pesch american medical expected resist pesch latest bid larry analyst dean witter reynolds inc said management led leveraged buyout cannot ruled american medical spokesman said company comment new pesch offer march analysts continue view bass family factor outcome bid control american medical bass family holds pct stake american medical company previously said investors support management internal plan improve company performance bass family would comment american medical pesch pesch led leveraged buyout republic health corp last year continues face problem wall street long time took finish republic acquisition republic also substantial debt left wall street whether financing completed much larger american medical takeover proposal pesch first offer american medical made without investment banking firm another cause concern wall street however pesch entered second offer representation donaldson lufkin jenrette securities security pacific merchant banking group doubt current transaction worked completed provided get point ami management sit talk friendly environment pesch said pesch would elaborate type financing arrangements made say succeeds acquiring american medical plans keep much american medical management place said plans combine company republic form efficient network hospitals analysts said believe much higher offer could made american medical e f hutton group said improved second fiscal quarter earnings could make american medical stock worth dlrs per share estimates american medical earnings second quarter ended february could cts compared ct loss last year said pesch revised offer worth much dlrs cash offered previously said better chance transaction could completed revised structure offer think much said analysts said american medical begun turnaround replacing members management reducing costs reuter
yeutter concerned u export picture u trade representative clayton yeutter said expects imports fall soon concerned lack improvement u exports given dollar decline last months convinced see improvement import side concerned export side told house appropriations subcommittee part blame goes countries generated economic growth increase demand u goods part u companies generating competitive exports said reuter
mercantile stores co inc th qtr shr dlrs vs dlrs
ibc president attend managua coffee meeting brazilian coffee institute ibc president jorio dauster said attend meeting managua weekend told reuters telephone brasilia meeting involving brazil colombia central american coffee producers strictly review coffee market situation meeting set saturday could also continue sunday said reuter
edelman cuts lucky stores stake pct group led new york investor asher edelman said lowered stake lucky stores inc shares pct total outstanding common stock shares pct filing securities exchange commission edelman group said sold lucky stores common shares march prices ranging dlrs share long edelman stake five pct required report dealings lucky stores stock reuter
u treasury proposes african imports treasury proposed allowing temporary imports south african uranium ore uranium oxide july certain conditions pending clarification anti apartheid laws passed congress last fall proposal published federal register next week requests written congressional public comment within days deals uranium ore oxide imported u processing exporting third countries treasury said proposed allowing temporary imports felt congress intended passed comprehensive south african sanctions bill last fall president reagan veto hurt u industry domestic uranium conversion industry federal government industry could seriously injured manner intended congress import ban uranium ore oxide implemented bar imports processing export interpretation act treasury brief said treasury said outright u ban uranium ore oxide might cause foreign electric utilities south african origin ore oxide countries including soviet union processing treasury said would allow imports south african ore oxide july processing export provided imported ore oxide license issued nuclear regulatory commission treasury brief also proposed allowing u origin goods imported temporarily south african state controlled organizations repair servicing united states u customs allow made bond brief said south african sanctions law enacted united states protest apartheid laws south africa white minority government prohibited imports uranium ore oxide iron steel coal textiles end reuter
th qtr net net mln vs mln year shr preferred dlrs vs dlrs shr common dlrs vs dlrs net mln vs mln note federal home loan mortgage corp preferred shares outstanding vs owned member institutions federal home loan banks also shares common owned home loan banks reuter
permian basin royalty hikes distribution cash distribution cts vs cts pay april record march note trust full name permian basin royalty trust reuter
additional ccc credit guarantees hungary commodity credit corporation ccc authorized additional mln dlrs credit guarantees sales vegetable protein meals hungary fiscal year u agriculture department said additional guarantees increase vegetable protein meal credit line mln dlrs increases cumulative fiscal year program agricultural products mln dlrs mln said department also announced extension export period september december sales vegetable protein meals eligible credit guarantees sales must registered export later september reuter
japan gnp rises pct calendar pct official
corp th qtr jan shr loss dlrs vs profit one cts net loss mln vs profit dlrs revs mln vs mln year shr loss cts vs profit cts net loss vs profit revs mln vs mln note th qtr includes loss termination licensing agreement loss dlr termination wear operation reuter
merrill lynch mer canada mulls buying broker merrill lynch canada inc wholly owned merrill lynch co considering acquiring another canadian securities company result federal provincial government moves lift investment dealer ownership restrictions june according published report talking number people merrill lynch canada deputy chairman e scott told toronto star whether going something know said merrill lynch canada spokesman declined comment newspaper report scott disclose investment dealers merrill lynch canada considering acquiring toronto star quoted unidentified industry sources saying serious discussions already held burns ltd burns chairman jack lawrence told newspaper investment dealer made final decision examining three four alternatives discussions brokers possible mergers expected pending industry deregulation one investment industry source asked named told reuters take look making merger acquisition businessman take look industry source said federal provincial government regulations expected place june banks trust companies foreign companies allowed acquire existing investment dealers establish securities subsidiaries reuter
int l corp th qtr oper net oper shr profit six cts vs loss cts oper net profit vs loss revs mln vs mln year oper shr profit cts vs profit three cts oper net profit vs profit revs mln vs mln note excludes loss dlrs nil vs gain dlrs nil qtr gain dlrs two cts vs gain dlrs one ct year net operating loss carryforwards reuter
data card sees lower yearend results data card corp said expect meet earnings revenue targets fiscal year ending march earlier company said expected earnings per share continuing operations cts share sees figure cts share mln dlrs data card said expects revenues year range mln mln dlrs previous estimate mln mln dlrs said integration inc private company acquired aug difficult expected company reported revenues mln dlrs net income mln dlrs fiscal ended march reuter
next months crucial oil hernandez energy mines minister arturo hernandez grisanti today told meeting regional oil exporters next months critical efforts achieve price recovery stabilize market hernandez said opec non opec nations already made efforts strengthen market danger reversal always present march next two three months really critical period hernandez said said able define movement either towards market stability price recovery depending market reversal earlier week hernandez said venezuela oil price averaged dlrs barrel year date opec stated goal dlrs barrel average price said venezuela move dlrs hernandez spoke today opening fifth ministerial meeting informal group latin american caribbean oil exporters formed ministers member states ecuador mexico trinidad tobago venezuela attending two day conference colombia present first time observer hernandez defined meeting informal exchange ideas oil market however members also discuss ways combat proposals tax imported oil currently u congress following opening session group ministers met president jaime lusinchi presidential delegations conference headed hernandez venezuela energy minister javier espinosa ecuador energy minister trinidad tobago jose luis assistant energy secretary mexico energy minister perry colombia reuter
toyota motors signs purchase agreement pnb state owned philippine national bank pnb fund toyota motor corp planned purchase bankrupt former local partner manufacturing facilities least mln pesos bank official told reporters toyota informed philippine government plans produce cars joint venture local partner proposes invest mln pesos manufacture car spare parts items generate mln pesos export earnings five years banker said today letter intent signed three weeks ago sale requires approval government agencies charged selling private sector assets taken state owned banks official sources said toyota application likely approved toyota ties philippine partner years delta motor corp local company suffering financial difficulties pnb later delta assets reuter
indonesia pressing compromise coffee indonesian coffee exporters preparing period depressed prices urging government lobby resolution issue export quotas chairman association indonesian coffee exporters aice told reuters dharyono said interview indonesia world third largest producer costs improving marketing seeking compromise quotas long brazil position never bridge gap dharyono said indonesia one group eight producing countries along costa rica dominican republic ecuador honduras india papua new guinea peru proposed new quota system last month failed international coffee ico talks london brazil would quota reduced group eight scheme blocked proposal aice officials hoping colombia use contacts brazil suggest compromise edward aice official attended ico negotiations said latin american members group eight contact colombia world second largest producer gave details colombia shown interest gain compromise without one suffer present market like said said indonesia contact consumers u japan netherlands west germany canada ahead ico executive board meeting scheduled april dharyono said aice send delegations u japan brief indonesian embassy officials press present indonesia case firmly urged indonesian government help country coffee traders ico negotiations said group eight common ground big consumers agreed need quotas termed realistic criteria group believes old quota system gives brazil pct share quota exports reflect date supply demand trends brazil stuck insistence old system applied export quotas suspended february market prices surged failure brazilian crop although prices long since come point export controls could reintroduced producers consumers member ico able agree new guidelines brazil u largest consumer refusing alter positions dharyono said new quotas agreed believed indonesia well placed low prices indonesian farmers production costs aice improving marketing system dharyono said indonesia coffee output ending september expected fall slightly last year level tonnes said said stocks tonnes average time year reuter
ceasars world files suit martin sosnoff mts acquisition tender offer
marketing systems seeks acquisitions marketing systems america inc said retained richter cohen co assist efforts business merger acquisition company said consideration services agreed grant richter five year warrants buy common shares cts exercisable starting march negotiated fee completion transaction said right cancel warrants one year transaction completed reuter
ball ends talks monsanto mtc ball corp said unable complete negotiations acquire plastic container business monsanto co said two companies entered exclusive negotiations last october neither company provided details talks terminated reuter
asian dollar assets exceed billion dlrs asian dollar market continued expand december total assets liabilities rising billion u dlrs billion november billion december monetary authority singapore said said increase came mainly interbank activity interbank lending rising billion dlrs december billion november billion december interbank deposits increased billion dlrs billion billion respectively loans non bank customers increased december billion dlrs billion november billion december deposits non bank customers rose billion dlrs billion billion reuter
burlington northern inc st qtr shr profit cts vs loss dlrs
publishers equipment corp year net shr profit eight cts vs loss cts net profit vs loss revs mln vs mln backlog mln vs mln reuter
gulf bond stock markets lag behind says gulf money markets grown reasonably well past decade bond stock markets remain large extent lag behind gulf international bank said bank economist henry azzam said review gulf capital markets investors traditional investment vehicles real estate foreign currency bank accounts precious metals greater financial needed coupled diversified capital market instruments change disclosure requirements company accounts said study reviewed capital markets three categories money markets stock bond markets azzam said gulf states making greater use short term money market instruments banks region floated various underwriting facilities nevertheless bond stock markets remain large extent lagging behind said debt region still raised syndicated loans bank facilities companies made use stock bond issues kuwait official stock exchange gulf nations yet establish exchanges dwindling financial surpluses gulf governments actively pursuing ways develop capital markets set domestic stock exchanges azzam said said recession stemming sliding oil prices clearly negative impact development capital markets region addition family firms reluctant go public financial among investors still investment analysis corporate reporting standards lack depth sharp fall share prices early prompted investors hold shares hoping eventual recovery azzam said absence proper commercial law gulf countries authorities apparent reluctance adopt financial also hampered capital markets called clearly defined laws governing incorporation joint stock companies flotation debt instruments azzam said capital market instruments made available citizens institutions gulf cooperation council gcc states bahrain kuwait qatar oman saudi arabia united arab emirates uae moves taken direction bahrain allowing gcc pct locally companies azzam said gulf money markets received greater depth introduction treasury bill offerings bahrain expansion securities repurchase regulations saudi arabia added bond market saudi arabia qatar oman uae last saudi riyal denominated bond issued bahrain plans official stock exchange trading saudi arabia picked establishment formal exchanges qatar oman uae appear imminent azzam said reuter
amc imposes hiring freeze due takeover bid american motors corp amo management ordered hiring freeze view chrysler corp c billion dlr takeover bid spokesman amc said analysts said merger virtually certain go ahead american motors directors met five hours wednesday review takeover proposal board expects meeting next several weeks chrysler proposal amc said first formal statement since acknowledged chrysler proposal monday chrysler number three u automaker said merger principally desire acquire amc profitable jeep business dealers well new modern car assembly plant bramalea ontario means guaranteed future much amc leaves question fate many plus employees according industry analysts amc toledo ohio jeep plant workers indefinite layoff wisconsin car plant another layoff reuter
suburban bancorp unit wins judgment suburban bancorp said cook county circuit court ruled favor one companies suburban bancorp formerly state bank claims six former directors suburban bank claimed former directors breached fiduciary duties opposing suburban bancorp tender offer january costing state bank several hundred thousand dollars said hearing determine amount damages owed bank set april reuter
leucadia national corp th qtr net shr dlrs vs cts shr diluted dlrs vs cts net mln vs avg shrs mln vs mln year shr dlrs vs dlrs shr diluted dlrs vs dlrs net mln vs mln avg shrs mln vs mln note earnings per share reflect two one split effective january per share amounts calculated preferred stock dividends loss continuing operations qtr includes gains sale investments enron corp mln dlrs associated companies less writedowns investments national intergroup inc mln corp mln reuter
central banking system inc qtly dividend qtly div ten cts vs ten cts pay april record april reuter
asian dollar market assets fall january gross size asian dollar market contracted billion u dlrs january billion dlrs december reflecting decline interbank activity monetary authority singapore mas said latest monthly bulletin assets stood billion dlrs january last year mas said interbank lending fell january billion dlrs billion december rose billion january interbank deposits billion billion respectively loans non bank customers increased billion dlrs january billion december billion january deposits non bank customers also increased january billion billion month ago billion year ago reuter
communications inc year loss shr loss dlrs vs loss dlrs net loss mln vs loss revs mln vs mln avg shrs vs reuter
canadian money supply falls week canadian narrowly defined money supply fell billion dlrs billion dlrs week ended march bank canada said plus daily interest chequable non personal deposits fell billion dlrs billion dlrs plus notice personal fixed term deposit fell billion dlrs billion dlrs non personal fixed term deposits foreign currency deposits residents booked chartered banks canada fell billion dlrs billion dlrs reuter
estates views prospects estates plc l said views prospects confidence statement accompanying results reported rise mln stg pretax profit mln stg said signs existing threat excess supply may also return interest industrial investment external appraisal group investment properties carried last year found gross value mln stg dec reuter
graphics inc rd qtr jan net shr profit two cts vs loss cts net profit vs loss sales vs nine mths shr profit eight cts vs loss cts net profit vs loss sales vs reuter
cpc international cpc sell asian stakes cpc international inc said said agreed principle sell interests grocery products operations hong kong malaysia philippines singapore taiwan thailand ajinomoto co inc japan mln dlrs company said move reduce asian overhead substantial part proceeds used reduce debt said part agreement current direct investment existing non consolidated joint venture ajinomoto converted cooperative arrangement long term utilization technology trademarks company said change japanese arrangement give ajinomoto full equity ownership leaving cpc continuing earnings stream cash flow transactions subject definitive agreements government approvals cpc said included mln dlr consideration proceeds sale smaller asian investments including pct equity interest oat based food venture australian partner company said actions taken restructuring program including sale european corn wet milling business assets overhead reductions expense items asian transactions one time positive effect earnings cpc said although extent cannot yet determined company expects earnings per share increase substantially previously estimated pct increase cpc earned dlrs per share reuter
american federal colorado payout american federal savings loan association colorado said board cut quarterly dividend cts per share cts dividend payable april holders record march company said earnings continue pressure year due weakness colorado economy high level assets reuter
american educational regular div qtly div three cts vs three cts prior pay april three record march reuter
usda report cattle meat purchases u agriculture department said estimated head dairy cattle week ending march result whole dairy buyout program cumulative total cattle program april march estimated head said cumulative meat purchases march total lbs department said dairy cattle reported export program period april march totaled estimated head department said live cattle exports addition meat purchase requirements department said reuter
may department stores co th qtr shr dlrs vs dlrs
douglas computer international year net shr seven cts vs one ct net vs sales vs reuter
timber realization sell remaining acres timber realization co said agreed sell remaining acres property mississippi mln dlrs cash timber realization limited partnership formed dispose related properties transferred corp said sale completed partnership received mln dlrs cash notes sale properties since december partnership said terminate august prior date partnership said expects form liquidating trust provide unresolved claims timber realization said amount retained trust depend experience resolving open items termination date added expects retain substantial amount trust partnership said anticipates making cash distribution yet amount unitholders liquidation trust funding date reuter
japan cabinet approves bill gold coin issues cabinet approved bill making easier government issue coins finance ministry official said bill must still approved parliament would take effect april would allow government issue yen coins without special legislation although higher valued coins would still need special law official said present issue coins yen less reuter
kaines sells jordan two cargoes white sugar trade house kaines said sold jordan two cargoes white sugar buying tender today sale comprised two tonne cargoes plus minus pct mar apr shipment kaines trader said traders said business done dlrs tonne cost freight reuter
investor group puts pressure gencorp gy investor partnership seeking acquire gencorp inc said would attempt company board directors take hostile actions firm discuss billion dlr takeover bid general acquisition co comprising investors wagner brown glass maker afg industries also reiterated willingness negotiate gencorp partnership earlier offered dlrs per share gencorp tire broadcasting plastics aerospace analysts speculated gencorp break basis could dlrs per share gencorp officials comment general acquisition statement spokesman reiterated earlier request shareholders wait board opinion making decision general acquisition tender gencorp said statement would made company annual meeting scheduled tuesday general acquisition made statement letter sent gencorp board friday partnership said willing negotiate points offer including price group board cannot fully carry fiduciary duties gencorp shareholders make fully informed decision offer thoroughly explored us ways offer revised provide greater value shareholders general acquisition said aware board may reviewing alternative transactions might provide gencorp shareholders payment cash case recognize additional equity capital may well enable us offer cash securities greater value gencorp could provide similarly structured transaction partnership said general acquisition also said believes gencorp board obligation present alternative transaction may propose shareholders manner would allow competing offers partnership requested proposal consideration given information available gencorp managers advisers constructing proposal general acquisition said gencorp agrees accept another buyout proposal also given opportunity bid competitive fair basis final decision made general acquisition repeated request gencorp remove poison pill shareholders rights plan general acquisition said gencorp allow environment fair competition take steps necessary create said may take legal action seek support shareholders calling special meeting replace board consider proposals might develop general acquisition also said board decides accept alternate proposal asked accept plan would include defensive features reuter
laroche starts bid neco shares investor david f la north r said offering purchase common shares neco enterprises inc dlrs said successful completion offer plus shares already owns would give pct neco common shares la said may buy possible neco shares said offer withdrawal rights expire est gmt march reuter
temporary personnel inc th qtr shr cts vs cts net vs sales mln vs mln avg shrs vs year shr cts vs cts net vs sales mln vs mln avg shrs vs note share data adjusted reflect three two stock split effective june reuter
u k money market given mln stg assistance bank england said gave money market assistance worth mln stg afternoon buying bank bills rates established monday bank bought mln stg band one bills pct mln stg band two paper pct first time intervened today bank revised estimate liquidity shortage market mln stg mln initially reuter
paradyne criminal charge paradyne corp said criminal charges social security administration agreed pay mln dlrs costs u government company also reached agreements principle mln dlr settlement class action law suits mln dlrs class action settlement provided paradyne insurance carrier settlement contingent court approval notice class members said criminal case settlement charges including false statement except paradyne criminal settlement includes lifting government suspension dismissal federal civil false claims suit charges individuals mln dlrs insurance carrier provide civil settlement dlrs go settle lawsuit year ended december paradyne reported net loss mln dlrs year end results include mln dlrs provision future legal settlement costs cover civil criminal settlements announced today paradyne also said named jerry president chief executive officer succeeding robert wiggins resigned chairman chief executive officer part settlement formerly served executive vice president chief operating officer company also said due sluggish marketplace expect profitable first quarter optimistic outlook year first quarter company reported net income dlrs sales mln dlrs wiggins among five executives charged along three former officers federal stemming mln contract awarded paradyne build computer network social security administration men accused government officials social security administration wiggins defendants also charged providing false testimony justice securities exchange commission investigation settlement announced today federal agreed defer charges wiggins three defendants one year agreement charges would dropped defendants successfully complete period details requirements agreement immediately available reuter
decision industries sees st qtr loss decision industries corp said expects report operating loss cts share first quarter ending march mainly due lower profit margins higher sales marketing costs st quarter last year company quarter ended feb earned dlrs cts share revenues mln dlrs decision also said entered agreement sell international computerized telemarketing inc subsidiary investor group headed unit senior management terms disclosed decision also said consolidated decision development corp subsidiary decision data computer corp unit designs manufactures sells system x peripheral products said restructuring adversely affect first quarter earnings said expects realize significant savings operating expenses remainder year reuter
u business loans rise mln dlrs business loans books major u banks excluding acceptances rose mln dlrs billion dlrs week ended march federal reserve board said fed said business loans including acceptances increased mln dlrs billion dlrs reuter
corp year end loss oper shr loss cts vs profit cts oper net loss vs profit revs mln vs mln note oper net excludes loss dlrs cts per share loss dlrs cts per share discontinued operations reuter
dutch port union calls general cargo strikes dutch port transport union fnv called strikes planned redundancies hit rotterdam port general cargo sector past eight weeks strike leader paul rosenmuller told mass meeting decision followed yesterday ruling amsterdam court preventing sector employers continuing current plans redundancies year court may rosenmuller told meeting general cargo sector workers today court ruled employers made mistake complicated legal procedure obtaining official permission redundancies therefore could proceed need continue strikes moment immediate pressure redundancies lifted rosenmuller said added strikes began january protest plans redundancies could resume time may employers made moves apply permission redundancies labour relations manager zeebregts said would meeting lawyers today view applying permission next week hope gaining approval redundancies within month reuter
burns foods inc cbi raises payout qtly div cts vs cts prior pay april record april reuter
bp bp unit build gold extraction plant minerals inc unit british petroleum co plc said approved construction new plant nerco minerals co process carbon ore recover gold reserves plant located ridge mine near process tons day carbon bearing ore recover ounces gold three years said plant use chemical process called extract residual gold could otherwise economically recovered operation plant jointly owned nerco set start october ridge mine jointly owned nerco unit nerco inc pct owned pacificorp portland ore holding company mine produced ounces gold year since using another process bp spokesman said open pit oxide ore reserves ridge august expected work force reduced company said employees remaining operate new plant said reuter
clabir corp clg th qtr jan net shr profit cts vs loss two cts net profit vs loss revs mln vs avg shrs mln vs year shr profit two cts vs loss cts net profit vs loss revs mln vs mln avg shrs vs reuter
brazilian red meat output sharply usda brazilian red meat production fell pct mln tonnes due drought reduced weight started high cattle prices u agriculture department said report world production trade developments usda said beef production expected reach mln tonnes pork production rose pct mln tonnes due sharp rise beef prices expected remain level year usda said reuter
swiss capital exports rise january swiss capital exports rose billion francs january billion december year earlier billion swiss national bank said new bond issues accounted billion total december billion credits mln mln january national bank ended notes bonds bond issues totalled billion francs notes billion credits mln reuter
finance ltd year dec net profit mln h k dlrs vs mln total divs shareholders mln vs nil note firm capital market issues next industrial transaction may mln u dlr loan shanghai ta project company joint venture merchant bank bank china first national bank chicago industrial bank japan reuter
lloyds bank canada st qtr profit rises sharply lloyds bank canada unit lloyds bank international plc said net profit soared dlrs first quarter ended january dlrs year earlier loan loss provisions mandatory five year averaging actual loan losses also rose first quarter dlrs year ago dlrs bank said lloyds bank canada became canada largest foreign bank last autumn mln canadian dlr acquisition continental bank canada reuter
precision target marketing rd qtr net qtr ends jan shr profit one ct vs loss two cts net profit vs loss revs vs nine mths shr profit five cts vs loss cts net profit vs loss revs vs note full name precision target marketing inc nine months includes extraordinary gain two cts per share reuter
n z ports reopen disruption likely new zealand ports reopened hrs local time gmt march closed since march strike pay claims federation spokesman said industrial action port workers likely cause disruption harbour workers union secretary ross wilson told reuters wilson said members holding meetings morning consider pay claim two disputes related harbour workers around country went strike hours march wilson said action occur port port basis reuter
mediq med american medical ami unit buy mediq inc said mediq diagnostic imaging partners lp signed letter intent acquire substantially assets american medical international inc ami diagnostic services inc subsidiary undisclosed terms company said ami diagnostic operates seven magnetic diagnostic imaging centers mediq diagnostic limited partnership mediq general partner reuter
manufacturing sell paper unit manufacturing co said signed letter intent sell paper co subsidiary james river corp jr undisclosed amount cash resulting first quarter charge earnings company loss sale may partly reduced contingent payments next five years first quarter offset gain previously announced sale sciences inc shares sales last year mln dlrs richmond va james river said closing expected end april subject approval boards reaching satisfactory labor agreements reuter
votes pct stock dividend corp said board approved pct stock dividend payable may one record march company annual meeting wednesday said shareholders approved proposal increase authorized common shares mln eight mln company currently mln shares outstanding reuter
treasury balances fed fell march treasury balances federal reserve fell march billion dlrs billion dlrs previous business day treasury said latest budget statement balances tax loan note accounts fell billion dlrs billion dlrs respective days treasury operating cash balance totaled billion dlrs march compared billion dlrs march reuter
reported dead ferry disaster least people died car ferry struck pier left belgium britain took part rescue operation said jan van male said coming herald free enterprise found six people top vessel dead least another dead inside boat added governor west province said people still reuter
bell petroleum regal form plan bell petroleum services inc said agreed begin talks regal international inc form plan reorganization bell would become subsidiary regal plan would subject bankruptcy court approval due bell status debtor chapter company expect file plan end may agreement terminates litigation companies concerning previous attempts plan reorganization bell also free continue talks third parties interested acquisition said reuter
paton reports u green coffee roastings higher u roastings green coffee week ended march kilo bags including used soluble production compared bags corresponding week last year bags week ended february george gordon paton co inc reported said cumulative roastings calendar total bags compared bags time last year reuter
ohio art co sets quarterly qtly div six cts vs six cts prior pay may eight record april reuter
u sugar quota may eased congressman says united states may soon ease sugar import quota one mln short tons bringing forward third quarter shipments scheduled fourth quarter jerry huckaby leading congressman representing sugar growers told reuters interview huckaby louisiana democrat chairman house subcommittee deals sugar program indicated easing quota might way calm concern impact severe cut u sugar imports year imports coming mln last year one mln legitimate concern caribbean countries philippines huckaby said bringing forward third quarter imports quota would effectively eased tons huckaby said simply bringing forward third quarter year sugar imports scheduled september december period could get away without increase quota noted sugar industry believe increase quota justified earlier month representatives u cane sugar refiners met u agriculture department officials request quota increase least tons refiners said increase needed quota restrictive could spot shortages sugar u later year refiner spokesman said however official usda replied would consider request following refiners request representatives florida sugarcane producers met usda express opposition quota expansion industry sources said statement huckaby representative sugar growing district louisiana leading architect current sugar program indicates least officials concerned enough support easing import quota industry officials said final decision easing quota must made reagan administration interagency sugar policy group asked possible quota changes usda official said far know changing quota volume quota year active consideration reuter
capital cities sets payout qtrly div five cts vs five cts pay april record march
restaurant associates inc th qtr jan shr cts vs cts net mln vs mln revs mln vs mln year shr cts vs cts net mln vs mln revs mln vs mln note th qtr includes loss carryforward shares restated give effect one stock split form pct class dividend august reuter
ecuador export oil months official suspension ecuador crude oil shipments earthquake cut oil pipeline last least four months senior energy ministry official said official said ecuador could resume exports repairing km section km pipeline links jungle oil fields lago agrio balao pacific coast would take mln u dlrs repair pipeline official want named told reuters ecuador enough oil meet domestic demand days would import crude supplement stocks earthquake last thursday night registered six point international scale damage pipeline severe economic blow ecuador oil accounts two thirds total exports much pct government revenues financially pressed ecuador member organisation petroleum exporting countries opec recently pumping barrels per day bpd crude bpd output quota assigned cartel another energy ministry spokesman said last year exported average bpd according central bank however ecuador might build emergency km pipeline costing mln dlrs colombian pipeline first official said estimated could take days build ecuador squeezed slide world oil prices mln dlrs net international reserves end january equal one month imports suspended interest payments january billion dlrs owed private foreign banks country total foreign debt billion dlrs eighth largest latin america caracas president jaime lusinchi said venezuela would loan five mln barrels crude ecuador next three months make losses damage pipeline ecuador asked loan guarantee domestic supplies would ship equivalent volume back venezuela repayment may lusinchi said commission headed venezuelan investment fund minister including representatives interior defence state oil company petroleos de venezuela travel ecuador tuesday evaluate co emergency relief program said reuter
ibc could close may export registrations tonight brazilian coffee institute ibc could close may export registrations tonight following extremely heavy sales today exporters said estimated registrations today mln mln kilo bags yesterday bags registered exporters said mln bags total registrations could declaration sales made six weeks books closed rest would new sales ibc opened may registrations yesterday set volume limit april registrations opened closed february daily record mln bags declared reuter
international seaway trading corp year oper shr cts vs cts oper net vs revs mln vs mln note oper net excludes gain dlrs dlrs respectively extraordinary item reuter
bull bear equity income fund div new york march qtly div eight cts vs eight cts prior payable march record march reuter
elders extends offer carling keefe elders ixl ltd australia said wholly owned ixl holdings canada inc extended previously announced offer acquire outstanding shares carling keefe ltd midnight april march dlr share offer extended elders obtain canadian federal government approval acquisition control carling elders said application investment canada still processed normal review procedures march shares pct carling stock deposited offer elders said elders also said arranged credit facility mln dlrs shared equally two canadian banks would available acquire shares offer reuter
nv aus th qtr net shr cts vs cts net mln vs sales mln vs mln avg shrs mln vs mln year shr dlrs vs dlrs net mln vs mln sales mln vs mln avg shrs mln vs mln note translated italian lire dollar reuter
national pizza corrects figure national pizza co said seven restaurants los angeles calif announced plans buy friday expected generate annual sales dlrs eight mln dlrs company originally announced company said convert restaurants pizza units closing expected around march reuter
general partners terminating offer gencorp inc
gibbs inc sets payout semi div cts vs cts prior pay april record march reuter
icahn says target sec investigation corporate raider carl icahn acknowledged one targets investigation securities exchange commission possible violations securities laws icahn heads controls trans world airlines inc twa made filing twa required make sec disclosing pct stake usair group sec issued formal order launching private investigation nov icahn said sec filing order sec investigators try find whether persons including icahn violated securities laws related rules icahn said specifically probe examining acquisition subsequent sale five pct stock certain unspecified companies said federal law requires individuals groups individuals made shareholder agreements disclose stakes companies least five pct within days icahn acknowledged subpoenaed connection sec probes first time disclosed among making disclosure filing sec obviously already aware probe icahn also current potential shareholders twa companies aware officers targets government probes existence otherwise secret investigations fulfill legal disclosure requirements shareholders icahn said sec looking whether others name violated securities laws acquiring selling five pct company stock sec investigations kinds possible securities law violations agency widening probe wall street insider trading scandal according published reports making late filings forms disclose amount stock five pct investor company making filing could indicate scheme warehouse shares stock scheme group investors acting concert would stock company without disclosing agreement among failing disclose acting together market amount stock company controlled group acting concert last year sec charged members wealthy belzberg family canada taking part scheme accumulating stock ashland oil inc reuter
u gold production rose december u mine production gold rose troy ounces december ounces november u interior department bureau mines said u imports gold december ounces vs ounces november ounces december gold exports totaled ounces december vs november ounces ounces december year earlier mine production gold month period jan dec totaled ounces vs ounces period gold imports jan dec totaled ounces vs ounces period exports stood ounces ounces respective periods bureau said reuter
southern hospitality corp rd qtr feb shr loss cts vs loss cts net loss vs loss sales vs mln nine mths shr loss cts vs profit cts net loss vs profit sales mln vs mln reuter
franklin high yield tax free sets payout mthly div cts vs cts prior pay march record march note franklin high yield insured tax free income fund reuter
india japan discuss iron ore prices state owned minerals metals trading corp send team japan next week negotiate iron ore export contract beginning april trade sources said japan biggest buyer indian iron ore imports around mln tonnes year asked india reduce prices current average dlrs tonne sources said japan said may forced reduce ore imports india next year new delhi fails reduce price one source said declined give details reuter
discovery th qtr loss shr loss cts vs profit six cts net loss vs profit revs vs mths shr loss cts vs profit cts net loss vs profit revs mln vs note th qtr loss reflects dlrs non recurring expenses related senior management changes full name company discovery centers america inc reuter
homestead financial ups cash dividend homestead financial corp said increased dividend class common shares cts share five cts prior declaring initial dividend class b common stock cts share homestead said two classes stock emerged part recapitalization plan also doubled number authorized common comprising classes mln shares homestead said dividends payable april shareholders record march homestead also said class b shareholders want increase dividends may exchange shares equal number class shares march reuter
drexel official stake data senior official drexel burnham lambert inc told securities exchange commission acquired shares data management inc pct total outstanding kenneth thomas senior vice president investments drexel los angeles office retired university professor c thomas said bought stake mln dlrs primarily investment purposes said may buy stock sell stake depending market conditions plans seek control company reuter
international inc th qtr loss oper shr loss three cts vs loss three cts oper net loss vs loss revs vs year oper shr loss cts vs loss cts oper net loss vs loss vs note net periods excludes dlr gain settlement old obligations reuter
lawson expects interest rate fall soon u k chancellor exchequer nigel lawson said expected british interest rates fall soon response fiscal budget say much would surprised early fall interest rates lawson said radio interview analysts said foresaw u k base rates falling early today much one full percentage point lawson announcement yesterday public sector borrowing requirement fiscal fall pct gdp four billion stg british banks base lending rates fell half percentage point march current pct reuter
talking point gencorp inc gy surprise billion dlr tender offer ohio based conglomerate gencorp inc enough buy company analysts said analysts estimated dlr per share offer general partners dlrs per share breakup value gencorp however market sources analysts said uncertainty transaction legal challenges gencorp broadcasting licenses gencorp stock rose heavy trading expectation either someone else bidder offer hoping get management cooperation said larry baker analyst e f hutton group analysts said concern challenges gencorp broadcast licenses two television radio stations disputes back years brought groups alleged improper foreign payments political contributions think kind already situation said baker offer arbitragers said concerned ongoing issue might stumbling block result long period time transaction source close general partners however said general partners would apply federal communications commission special temporary authority hold broadcast stations source said approved authority would allow transaction carried received short form approval general partners would set trust would hold broadcasting properties licensing situation resolved general partners equally owned investors wagner brown glass maker afg industries inc market sources speculated outside buyer general partners might even resolution challenges since would carry gencorp plan sell stations gencorp earlier month reached agreement walt disney co sell los angeles television station tv disney would pay mln dlrs gencorp mln dlrs group challenged station license gencorp also pending agreement sell wor tv n j mca inc mln dlrs general partners said intends keep company plastics industrial products businesses tires related products segment charles rose analyst oppenheimer co said breakup valuation company might worth much dlrs per share rose estimated aerospace business could bring dlrs per share one billion dlrs would plastics unit broadcasting including assets pending sale might dlrs per share said company formerly known general tire rubber co also tire business rose estimated would worth five dlrs per share estimated bottling business might also worth several dollars per share said analysts said gencorp chairman william reynolds became chairman last year company general general businesses gencorp founded became conglomerate years analysts believe reynolds helped improve management fine job trying deal non strategic assets company rose said analysts expect gencorp resist tender offer declined predict steps company might take said would possible company might consider leveraged buyout restructuring fend offer general partners holds pct gencorp stock concern greenmail greenmail payment premium unwanted shareholders stock would doubt would greenmail nothing said rose gencorp commented offer retained first boston corp kidder peabody co advisers reuter
icco examine buffer stock details tomorrow international cocoa council icco adjourned day detailed proposal buffer stock rules distributed executive committee officials elected delegates said producers ec consumers consumers scheduled hold separate meetings tomorrow review proposal written icco executive director kobena erbynn said buffer stock working group meet rules monday morning full council reconvene tuesday delegates said heinz hofer switzerland elected executive committee chairman norway vice chairman added reuter
butler national corp rd qtr jan shr profit nil vs loss one ct net profit vs loss revs vs nine mths shr profit three cts vs profit five cts net profit vs profit revs vs reuter
reliable life insurance co year net shr dlrs vs dlrs net mln vs note net includes gain dlrs accounting pension plans investment three mln dlrs reuter
principal tech sells unit principal tech inc said completed sale subsidiary tech inc seismic holdings inc energy holdings inc denver colo part price principal tech received notes preferred shares energy holdings however terms disclosed reuter
taiwan issues certificates deposits central bank said issued billion dlrs worth certificates deposit cds today issuing billion similar cds yesterday bringing total value cd issues billion new cds maturities six months one year two years carry interest rates ranging pct pct bank official told reuters issues designed help curb growth b money supply expanding result large foreign exchange reserves reserves hit record billion u dlrs yesterday reuter
jones medical industries inc th qtr net shr six cts vs five cts net vs sales vs avg shrs mln vs mln year shr cts vs cts net vs sales vs avg shrs mln vs mln reuter
dutch money supply hardly changed december dutch seasonally adjusted money supply hardly changed december billion guilders compared billion november central bank data show figure pct higher december november fell pct level october pct level year seasonally adjusted money supply also hardly changed billion guilders december compared billion guilders november pct level year reuter
plastics inc th qtr net shr seven cts vs cts net vs revs vs mths shr cts vs cts net vs revs mln vs mln note year includes extraordinary gain cts per share reuter
icn pharmaceuticals icn seeking acquisition icn pharmaceuticals inc mln dlrs cash another billion dlrs available credit intends use buy pharmaceutical company chairman milan panic said company annual meeting said acquisition could take place next months company nearly two billion dlrs available acquisition today panic said adding investigating number companies one company studied could possibly acquired friendly basis said panic also said intends seek board approval today repurchase three mln icn common shares discussing possibility acquisition panic said purchase necessary icn current marketing would sufficient support distribution company products given icn expectations market growth worldwide icn principal product also known drug marketed number countries described broad based anti company said possible applications include treatment types influenza diseases icn focus investor attention recent months clinical possible treatment aids related diseases panic said today would discuss drug regard aids food drug administration completes review data submitted company said investigation drug conducted house subcommittee continuing subcommittee fda acknowledged conducting separate investigations determine whether icn data fda adverse drug approved marketing u form treatment strikes called reuter
hartford national corp declares dividend qtly div cts vs cts prior pay april record march reuter
ec states said oils fats tax majority european community ec member states either strong reservations tax imported domestically produced oils fats proposed european commission senior diplomats said said special committee agricultural experts ec member states voiced strong objections measure meeting charged preparing ground annual ec farm price fixing begins next monday added france italy indicated would support commission proposal would lead tax initially ecus per tonne price round reuter
usx x consolidated natural cng end talks usx corp texas oil gas corp subsidiary consolidated natural gas co mutually agreed pursue talks consolidated possible purchase apollo gas co texas oil details given reuter
ual ual said trump talked ual chairman real estate magnate donald trump told ual inc chairman richard ferris interested ual stock investment according ual executive trump unavailable comment believed market sources sizeable position ual began accumulating several weeks ago ual stock today three active trading ferris trump talked last week apparently trump said interested investment say much stock say would said ual senior vice president trump believed close five pct ual stock market sources said reuter
h holmes co ltd th qtr net shr cts vs dlrs net vs sales mln vs mln year shr cts vs cts net vs sales mln vs mln note share adjusted three pct stock dividend january pretax net profits dlrs vs dlrs quarter loss dlrs vs profit dlrs year latest year net includes pretax gains dlrs quarter dlrs year pension plan prior year net includes gain dlrs sale property reuter
inc merger agreement inc said agreed acquire bankers protective financial corp common shares subject approval texas state board insurance bankers protective life insurance company based texas reuter
warehouse club take charge warehouse club inc said expects take one time charge five mln dlrs june third quarter results closing two unprofitable chicago area units company said continue operate warehouses illinois indiana michigan ohio pennsylvania added expects future operating results improved closing two warehouses reuter
wal mart stores inc raises quarterly qtly div six cts vs cts prior pay april record march reuter
french february official reserves rise french official reserves rose billion francs billion francs end february billion end january finance ministry said said statement rise mainly due inflows foreign currency exchange stabilisation fund resulted increase billion francs reserves european currency units rose mln francs billion francs due interest adjustments gold reserves rose two mln francs billion francs
shell canada cuts crude oil prices canadian dlrs bbl effective march one
standard trustco sees better year standard trustco said expects earnings increase least pct dlrs dlrs per share recorded stable interest rates growing economy expected provide favorable conditions growth president brian told shareholders annual meeting standard trustco previously reported assets billion dlrs billion dlrs return common shareholders equity pct last year pct reuter
pechiney pa signs soviet packaging accords french state owned aluminium special metals group pechiney said signed two intent set joint ventures soviet union pechiney said statement one accord set joint ventures manufacturing aluminium packaging food cosmetics another produce machinery manufacture packaging latter pechiney manufacture packaging equipment form lead consortium yet unspecified european partners spokesman said said early put figures possible deals outline form joint ventures would take statement said joint working groups accord three month deadline come contract proposals firm contracts yet finalised new laws enabling joint ventures first deputy prime minister chairman state agro industrial committee murakhovsky told journalists wednesday reuter
taiwan plans mission close trade gap u taiwan leading industrial organisation said send first buying mission u later year effort reduce country trade surplus washington spokesman chinese national federation industries told reuters mission part broader plan switch large purchases u japan federation groups taiwan major industrial associations last year members purchased billion u dlrs worth industrial products japan billion u spokesman said federation members discussing volume business could transfer america said drawn list industrial products would shopping u buying mission september could give figure much would spent board foreign trade official told reuters government would send two buying america june july year might send others later taiwan trade surplus u rose record billion dlrs last year billion reuter
marine midland mm buys brokerage assets marine midland banks inc said acquired customer account base new york discount brokerage firm financial services inc undisclosed terms expand discount brokerage operations northeastern u said combine activities marine midland brokerage service unit reuter
corp th qtr dec shr loss cts vs loss seven cts net loss vs loss revs mln vs mln year shr loss cts vs profit cts net loss mln vs profit revs mln vs mln note loss includes reserves includes tax benefit dlrs th qtr includes dlrs writedowns dlr gain sale net includes extraordinary items gain sale mln dlrs tax carryforward gain dlrs reuter
federal reserve weekly report feb two weeks ended feb daily avgs mlns net free reserves vs bank borrowings vs including seasonal loans vs including extended loans vs excess reserves vs required reserves vs required reserves n vs n total reserves n vs n non borrowed reserves n vs n monetary base n vs n two weeks ended feb total cash n vs n inc cash equal n vs n one week ended feb daily avgs mlns bank borrowings including seasonal loans including extended loans float balances adjustments currency treasury deposits reuter
moto photo moto sees better st quarter moto photo inc president michael said expects company first quarter earnings fiscal better quarter year ago said however quarter would still loss primarily low season imaging business photo moto net loss first quarter ending march dlrs reuter
international cites strong prospects international inc reporting operating loss january second quarter said prospects balance fiscal year remain good said orders harris graphics subsidiary acquired june continue run strong pace six months orders rose pct corresponding prior year period annualized basis running mln dlrs backlog harris pct beginning fiscal year said international said old division expected benefit recent new product introductions decline value dollar research development engineering expenditures fiscal mln dlr range company said allocated another mln dlrs capital expenditures earlier reported fourth quarter operating loss two cts share compared profits seven cts share year ago revenues rose mln dlrs mln dlrs reuter
southeast banking corp sets quarterly qtly div cts vs cts prior pay april record march reuter
sees gain inc said report tax gain dlrs cts per share primary cts fully diluted proposed acquisition operates wake county company said proceeds similar property within months gain sale would deferred tax purposes reuter
sterling pct february main measure u k broad money sterling grew provisional seasonally adjusted pct february rise pct january bank england said narrow measure fell provisional adjusted one pct pct drop january bank said unadjusted annual growth sterling pct months february pct january rose four pct pct rise january seasonally adjusted sterling bank lending grew billion stg january rise billion unadjusted counterparts sterling bank lending private sector expanded billion stg billion rise january bank said public sector borrowing requirement psbr contracted mln stg contraction billion stg january funding debt sales non bank private sector external flows public sector rose mln stg billion stg rise january central government debt sales public sector expansionary mln stg billion expansion january bank said unadjusted counterparts sterling expanded mln stg february expansion billion stg january bank said unadjusted figures showed rise sterling two pct february drop pct january basis figures showed drop pct mo february sharp pct fall january bank said would publish full final figures march bank said non bank private sector holdings public sector debt fell mln stg february external flows public sector mln stg combined net psbr repayment mln stg public sector contribution growth sterling therefore flat bank said said seasonally adjusted bank lending billion stg february compared average billion stg month preceding six months reuter
ends plans sell unit corp said ended talks sale chemical division products inc agreement could reached company said intend seek another buyer reuter
greece seeking ec sugar next month tender greece hold buying tender april reply april tonnes white sugar ec member countries delivery four equal may june july august traders said reuter
new process co sets qtly payout new process co said declared quarterly dividend cts regular dividend pays first three quarters year dividend payable may shareholders record april last year new process paid annual dividend dlrs paying cts share first three quarters fourth quarter dividend cts reuter
treasury mulford says g currency target zones ranges
zayre corp th qtr shr cts vs cts
inc year loss oper shr loss cts vs profit cts oper net loss vs profit revs mln vs mln avg shrs vs note loss excludes extraordinary loss dlrs cts shr including corporate reorganization discontinuing u operations inventory writedown u subsidiaries vs yr ago loss dlrs cts shr reuter
canadian pacific cp seeks buyer unit canadian pacific ltd said retained wood gundy inc seek buyer maple leaf mills ltd toronto company said maple leaf sales mln dlrs tax profit mln dlrs diversified company produces sells industrial consumer flour flour based products goods also operates fully integrated poultry business businesses markets livestock poultry feed distributes grain network country terminal reuter
black hawk mining explain stock rise black hawk mining inc said knows major activities account recent rise company stock price shares rose cts cts toronto stock exchange yesterday company added application proposed acquisition resources ltd still listing committee stock exchange reuter
corp nd qtr feb net shr cts vs cts net vs revs mln vs mln st half shr cts vs cts net vs revs mln vs mln note share stock splits net includes discontinued operations loss four cts shr vs nil quarter loss seven cts vs gain one ct half reuter
montana power co votes quarterly dividend qtly div cts vs cts prior qtr pay april record april reuter
pioneer group unit gets land pioneer group inc said pct owned teberebie goldfields ltd venture granted additional concession land ghana look mine gold state gold mining corp ghana granted venture additional square kilometers teberebie ghana square kilometers granted earlier company said original concession appears substantial amount gold bearing material containing grams ounces gold per metric ton venture firm estimates costs gold assurances given reserves mined profitably company said said teberebie goldfields conducted tests newly granted land added land seems similar geological original land reuter
endotronics halted pending news release endotronics inc halted nasdaq pending release news report monday said expecting substantial losses quarter ending march fiscal year ending sept company cited dispute payment inc one japanese distributors payment promissory note dlrs overdue accounts reuter
taiwan looks japanese ventures taiwan state owned china shipbuilding corp csbc plans seek joint production agreements japan diversify ship repairing try trim debts chairman louis lo said told reuters interview csbc first joint production venture build two co ltd success talks similar projects held japanese firms including mitsubishi heavy industries co ltd heavy industries co ltd said lo said csbc delivered two twenty foot equivalent unit container ships year would complete production expect successful cooperation us pave way cooperation japanese shipbuilders future lo said said japanese firms would gain lower cost shipbuilding taiwan csbc would benefit japanese technology marketing would pose challenge competitors europe south korea lo said csbc made losses mln u dlrs since beginning operations total debt stands mln dlrs annual interest payments nearly three mln dlrs said company taiwan largest still full government support begun ship repairing manufacture machinery hope diversification said lo said income ship repairing almost doubled mln u dlrs year ended june compared previous financial year estimated income would rise mln dlrs csbc orders build ships totalling dead weight tons dwt financial year compared ships dwt said lo said prospects shipbuilding gloomy least due outlook ship repairing bright reuter
anticipates st qtr profit communications corp said strong traffic growth cost reductions anticipates reporting profit first quarter versus loss mln dlrs cts share first quarter earlier company reported net tax loss mln dlrs dlrs share compared loss mln dlrs dlrs share reuter
allegheny international ag sells wilkinson allegheny international inc said sold wilkinson sword consumer group swedish match co mln dlrs settlement transactions wilkinson sword groups allegheny net payment swedish match amount mln dlrs wilkinson sword group transferred swedish match co today except companies certain countries approval government authorities required company said allegheny said acquired pct interest wilkinson known wilkinson match ltd remaining share divestiture part allegheny overall restructuring program strategy concentrate primarily north american consumer products business company said reuter
lear siegler holding divest aerospace unit forstmann little co said lear siegler holding corp plans divest aerospace group subsidiary comprised defense electronics group components group divestitures expected since lear siegler diversified conglomerate acquired last december billion dlr leveraged buyout wall street firm forstmann little lear aerospace group revenues fiscal expected mln dlrs said forstmann defense electronics group designs manufactures weapons management systems flight control systems vehicles reference navigation systems mainly military markets defense group subsidiaries corp based santa calif employs people instrument systems corp based grand mich employs people international corp based conn employs people development sciences corp based ontario calif employs people components group manufactures pumps industrial components well nuclear control drive rod mechanisms group subsidiaries include power equipment corp based cleveland employs people energy products corp based santa calif employs people corp based ohio employs people transport dynamics santa employs people overall lear aerospace group eight subsidiaries employs people lear siegler said plans retain management services corp engaged aircraft maintenance various department defense agencies morgan stanley co act financial group divestitures last month lear siegler said planned sell smith business products ltd peerless truck operations units part restructuring plans lear apparently retain aircraft unit reuter
corrected bankamerica negotiating units sale bank america sa bac n west german branch said negotiating sale bankhaus centrale credit ag small local west german bank acquired west german visa credit card operation michael bank america vice president regional manager said negotiations proceeding well declined give details bank america west german branch lost mln marks result includes profit loss transfers bankhaus centrale credit visa organisation sale units part bank worldwide restructuring plan corrects year loss third paragraph item originally ran february reuter
arkla proposal settle dispute arkla inc said international paper co ip filed proposal arkansas public service commission designed resolve dispute two ip plan build natural gas pipelines paper mill facilities pine arkla pipeline division arkla energy resources currently natural gas consumed two mills proposal arkla support ip plan build alternate pipelines ip allow arkla pipeline division deliver equal quantity priced supplies ip facilities reuter
inc nine mths jan net shr cts vs cts net mln vs revs mln vs mln reuter
mfs municipal income trust sets payout mfs municipal income trust said declared monthly income distribution cts share compared cts share paid previous month said distribution payable march shareholders record march reuter
correction non communist february aluminium today london item non communist february aluminium output ipai please read first paragraph throughout daily average primary aluminium production correcting average aluminium production reuter
alexander nd qtr feb shr cts vs cts net mln vs mln six months shr cts vs cts net mln vs mln note six months includes dlr charge six months includes net gain reuter
microwave nd qtr jan net shr nine cts vs cts net vs rev mln vs four mln six months shr cts vs cts net vs rev mln vs mln note company full name microwave systems inc reuter
medco sets initial payout medco services inc said board declared initial annual dividend cts per share first payout payable march holders record march reuter
first medical devices corp year loss shr loss cts net loss sales note company development stage reuter
co ltd year jan net shr dlrs vs dlrs shr diluted dlrs vs dlrs net mln vs mln sales billion vs billion avg shrs mln vs mln note u funds net includes equity earnings du pont co dd mln dlrs vs mln dlrs dividend income du pont shares mln dlrs vs mln dlrs latest year net includes pretax charge mln dlrs sale wine operations reorganization spirits operations u related reduction tax expense mln dlrs reuter
borealis gold exploration pact faraway borealis exploration ltd said entered agreement faraway gold mines ltd vancouver british columbia faraway acquire interest borealis whale cove gold property district northwest faraway spend mln dlrs exploration three years hold pct property expenses paid interest drop pct also borealis faraway issue treasury shares faraway buy borealis shares borealis president reuter
proposes higher dividend year end dec proposed dividend francs vs francs note full name company sa pa reuter
guardian trustco sees modest outlook guardian trustco inc earlier reporting pct increase full year earnings per share said outlook modest company said started number long term growth projects period exceeding one year guardian trustco give specific earnings forecast company earlier reported net profit rose dlrs dlrs share year earlier dlrs cts share reuter
jacobs suchard ag z year net mln swiss francs vs mln turnover billion vs billion dividend per bearer vs francs francs per registered vs francs francs per participation certificate vs francs cash flow mln vs mln note confirms forecast results issued january operating profit mln vs mln depreciation mln pct capital spending mln pct reuter
soviet grain products ministry criticised soviet communist party criticised country grain products ministry failing ensure proper grain storage turning poor quality unsatisfactory book keeping pravda said party daily said losses industry owing waste amounted mln roubles last two half years situation particularly bad central asian republic severely criticised since leader last december new leader said times grain growing republic performed badly obliged seek grain supplies national reserves tass news agency announced yesterday grain products minister retired replaced alexander senior food industry official pravda added today crisis industry drawn attention two reuter
japan u odds trade lopsided japan solve trade problems united states two nations remain odds long trade account lopsided japan favour senior official said long external imbalance trade friction words two governments foreign ministry official told reporters last year japan billion dlr surplus united states economists said see falling significantly time soon washington announced plans last week mln dlrs tariffs japanese electronic goods raising trade war two countries take current situation seriously said official declined identified basic stance japanese government tackle issues available resources united states accused japan reneging agreement called stop selling cut price computer microchips world markets try import american semiconductors tokyo denied charges foreign ministry official refused rule japanese retaliation america went ahead threatened tariffs middle month said response would accordance international law japan international obligations added japan united states must take account impact dispute world economy reuter
versatile build ice versatile corp shipbuilding subsidiary letter intent build mln dlr icebreaker canadian coast guard transport minister john said vancouver address said versatile pacific shipyards inc low bidder build arctic class icebreaker company must meet certain financial engineering conditions contract awarded government also announced provide mln dlrs loan insurance help versatile prepare construction vessel said contract awarded versatile required offer assurances technically financially capable performing work said versatile bid mln dlrs lower competing bidders generate person years direct employment work vessel said would powerful icebreaker world would begin next year completed government announced plans build icebreaker last year following controversial passage u coast guard vessel sea disputed northwest passage u government seek permission claiming area international water way government said icebreaker needed back country claim sovereignty arctic reuter
mitsubishi motors australia makes mln dlr loss mitsubishi motors australia ltd reported mln dlr net loss calendar mln dlr profit turnover mln dlrs mln pct owned mitsubishi motors corp mitsubishi corp said tight market meant failed recover mln dlrs costs sustained weak australian dollar company said magna car dominated market segment sales units total sales addition export components japan increased mln dlrs invested expand output aluminium heads per month said imported passenger car light commercial heavy vehicle sales suffered local manufacturing profitability eroded sales substantially production capacity said australian car sales fell although said lifted market penetration pct pct dividend recommended reuter
plc l year shr p vs p div p vs p making p vs p turnover billion stg vs billion pretax profit mln vs mln tax mln vs mln interest paid mln vs mln minority interests mln debit vs extraordinary items mln profit vs mln loss pretax profit includes mln vs mln health products mln vs mln wholesale food distribution mln vs mln retail food distribution mln vs mln u k mln vs mln u mln vs mln reuter
radio gets rite aid radio corp said signed seven year agreement provide rite aid corp store disc radio programs resulting increase pct total number stores contract value disclosed reuter
irving trust v buys gulf western gw unit irving bank corp said bought division associates commercial corp unit gulf western co inc associates corp north america terms previously announced deal disclosed said assets transferred irving commercial corp reuter
hong kong firm ups calmat stake pct industrial equity pacific ltd hong kong investment firm said raised stake calmat co shares pct total outstanding common stock shares pct filing securities exchange commission industrial equity principally owned brierley investments ltd publicly held new zealand firm said bought calmat common shares feb march mln dlrs said bought stock investment purposes may raise stake pct reuter
control data buy stake control data corp said agreed acquire unisys inc uis pct stake magnetic inc letter intent provides unisys converts owner magnetic customer control data data storage products group two year period agreement control data continue disk drives unisys said details proposed agreement available magnetic controls managed data storage products group control data founded joint venture maintain technological base data storage supply peripheral equipment computer systems owners venture become developer manufacturer high performance high capacity data storage products sold control data computer systems worldwide said conversion unisys interest control data pct honeywell inc hon pct bull france six pct said reuter
bhp float gold unit one three issue broken hill pty co ltd brkn bhp said plans one three issue rights float new company bhp gold mines ltd bhpgm hold bhp gold interests statement bhp said cent par rights would priced cents mln bhpgm shares offer bhp subscribe remaining mln shares pct issued capital terms bhpgm pay mln dlrs bhp gold interests excluding stake papua new guinea mining ltd interests held bhp utah international inc bhp statement said issue made shareholders registered march opens april closes april underwritten j b rights traded australian stock exchanges march april new shares quoted june bhp said new company one australia larger gold producers annual output exceeding ounces said plans boost production ounces early bhpgm portfolio include several australian mines pct pct creek pct new boddington development statement said bhpgm would also hold bhp pct stake hill property northern territory pct stake new venture near queensland bhpgm chairman designate john said quality gold stock depth bhp gold portfolio give company sound foundation current gold production exciting potential growth said reuter
inc six mths february net shr cts vs cts net vs revs mln vs mln reuter
japan aluminium imports rise february japanese primary aluminium imports rose tonnes february january year earlier japan aluminium federation said brought total imports ending march mln tonnes mln year earlier february total included tonnes u january year ago australia indonesia reuter
vw audi says profit fell around pct audi ag f pct owned subsidiary volkswagen ag vowg f said profit fell around half compared achieved record mln marks net profit rise pct previous year managing board chairman habbel told news conference expected profit turnover rise year compared said whether profit would return levels gave figure profit audi predicted last year profit would likely fall unspecified amount record levels habbel said turnover rose billion marks billion looked certain rise billion year asked whether audi would pay dividend vw help parent company currency losses habbel said audi would ensure vw got share profits audi entire net profit paid free reserves help finance investment previous years vw received pct audi earnings dividend habbel blamed profit decline output caused introduction new audi model currency factors negative u alleged sudden acceleration audi models reported audi sales u dropped nearly pct last year habbel said u sales decline would probably bottom audi worldwide car deliveries fell two pct total exports fell pct domestic sales increased habbel said new audi sold extremely well first two months helping audi increase overall market share west germany pct pct months sales europe also rose u sales fell said without giving details worldwide deliveries first two months increased eight pct audi said january car production would rise output fallen compared habbel said audi expected rise output lead new hiring employees end audi workforce stood record rise reuter
lilly cuts co stake lilly co told securities exchange commission cut stake co inc shares pct total outstanding common stock shares pct lilly said sold common shares march eight dlrs long lilly stake five pct required report dealings company stock reuter
american centers inc rd qtr shr cts vs cts net vs revs mln vs mln nine months shr cts vs cts net vs revs mln vs mln note share earnings reflect stock split effective july reuter
jim walter jwc busy owens corning plant jim walter corp said completed acquisition owens corning fiberglas corp mineral ceiling plant meridian miss terms disclosed plant operations complement existing ceiling materials production within jim walter building material group last year generated income mln dlrs sales mln dlrs reuter
reinsurance co ltd year net shr profit cts vs loss dlrs net profit vs loss note net includes gain bond portfolio dlrs dlr provision losses discontinued liability multi lines reinsurance reuter
zambian currency falls foreign exchange auction zambian currency yesterday second auction since introduction two tier foreign exchange system last month central bank zambia said kwacha pegged dollar compared last week rate dollar bank offered six mln dlrs auction reported demand mln dlrs previous auction government offered eight mln dlrs last month government set fixed exchange rate nine kwacha per dollar subject adjustment basket five currencies certain official transactions also introduced new weekly foreign exchange auction organisations private sector exchange rate allowed float accordance market demand new auction system designed restrictive previous one suspended january central bank fell weeks arrears successful bidders new system bidder except state oil company national airline zambia airways allowed bid five pct foreign exchange offer reuter
bank sees modest recovery gulf arab economies emirates industrial bank predicted modest economic recovery gulf arab states following higher oil revenues bank study carried emirates news agency said total oil revenues six gulf cooperation council gcc countries likely reach billion dlrs year billion gcc groups bahrain kuwait oman qatar saudi arabia united arab emirates uae bank said improvement would result higher oil prices made possible last december opec accord restrain overall group production curbs pushed oil prices around eight dollars barrel mid around dlrs signs point possibility modest recovery economies gcc countries although expected growth similar boom years study said added however gcc states would experience higher budget deficits year needs arising past recession difficulty making fresh spending cuts study said combined gcc deficits would rise billion dlrs billion last year said lower oil exports cut gcc states combined trade surplus billion dlrs billion uae suffered pct drop gross domestic product billion last year billion added reuter
philippine copper smelter faces shipment delays copper shipments likely delayed power problems philippine associated smelting refining corp country smelter company official said asked confirm reports new york copper trade sources shipment problems marketing manager told reuters partly correct could probable delay declined give details production export figures saying information could lead speculation smelter central province new york trade sources said shipments delayed customers might turn london metal exchange supply commitment customers would like comment said spokeswoman chamber mines said philippine copper production amounted tonnes slightly tonnes said production first two months totalled tonnes compared tonnes period reuter
japan thailand jointly extract rare metals japan agency natural resources energy said begin thailand end march start commercial production rare metals joint project agency official said set mln yen pilot plant bangkok extract high quality rare metals sand left tin production processes thailand plant use tonne sand per day although unclear much rare metal official said reuter
hutchison sees higher payout satisfactory profits hutchison whampoa ltd hk expects satisfactory profits pay higher dividend year chairman li shing said make specific projections company earnings year said firm pay dividend less cents per share proposed four one stock split one four bonus issue paid total dividends dlrs per share last year equal cents per share adjusting bonus share split hutchison operations ranging trading property container terminals earlier reported tax profits billion dlrs billion dlrs total excluded extraordinary gains mln dlrs partly sale stake south china morning post leading english language newspaper compared mln dlrs previous year said expects another mln dlr gain sale remaining shares li said hong kong property market remains strong economy performing better forecast largely export led growth gross domestic product grew nearly nine pct last year initial government projection pct said hong kong large trade deficit u may result protectionist measures adversely affect british colony said company major operations showed improved results hutchison said earlier sell entire pct interest hongkong electric holdings ltd hk cavendish international holdings ltd spin hongkong electric reorganisation announced separately hongkong electric spin non electricity related activities cavendish listed local stock exchange hongkong electric shareholders receive one share cavendish every hongkong electric share cavendish buy mln hongkong electric shares hutchison issuing mln new shares spin sale hongkong electric shares give hutchison pct stake cavendish li said decision spin cavendish relieve hongkong electric public criticism power company making risky investments denied pressure government spin said cavendish seven billion dlrs assets almost debt free mln dlrs major assets hong kong hilton hotel property development interests husky oil ltd hyo canada pearson plc l britain reuter
cocoa latest focus commodity pact negotiators credibility government efforts stabilise fluctuating commodity prices put test next two weeks countries try agree buffer stock operate cocoa market government delegates trade experts said two weeks ago world coffee prices slumped international coffee organization members failed agree coffee export quotas calculated week many experts gather building try agree cocoa pact reached last summer work still unresolved legal surrounding international tin council itc buffer stock losses running hundreds millions sterling also casting commodity negotiations itc failure restricted negotiators ability compromise governments want involved pacts built unlimited liability want clear lines drawn aid trade hopeful sign cooperation agreement basic elements new international natural rubber agreement geneva weekend importing countries insist international cocoa organization icco buffer stock rules must quota type might dictate type cocoa bought one consumer country delegate said would support market trade industry sources blame uncertainty icco market recent collapse coffee prices made traders aware commodity pacts founder friday uncertainty helped push london cocoa futures eight month lows strength sterling also contributed recent prices icco daily average prices friday fell must buy level sdrs tonne designated pact came force last icco session january without rules operation buffer stock consumers producers could agree operate given agreement limits trading physical cocoa says cannot operate futures markets cash balance mln dlrs stock almost tonnes cocoa enough mount large buying selling operations carried forward previous agreement members finance stock dlrs tonne levy cocoa trade upper limit tonnes key arguments faced icco working group buffer stock rules meeting today tomorrow non member cocoa differentials buffer stock pay trading different types cocoa another working group scheduled meet wednesday discuss administrative matters full council meets thursday producers far maintained buffer stock funds help surplus cocoa produced non member countries malaysia consumers say cocoa buffer stock buy rather compete chocolate manufacturers premium priced high quality cocoas argument buying non member cocoa closely linked one differentials different qualities european industry trade advisers suggested compromise buffer stock maximum share represent non member cocoa use london futures market existing differentials different qualities currently good west african cocoa tendered par onto london market discounts currently review range stg tonne brazilian malaysian cocoa consumer delegates said arguments reverse would operate prices high buffer stock sell highest priced cocoa demand forcing prices lower january talks slowed split inside european community key icco consumer group france producers ec representatives met closed session brussels friday attempt reach common ground diplomatic source said narrowed range positions among nations source said ec looking signs flexibility part producers next days able respond one icco delegate describing producer consumer split said consumer proposals mean buying cocoa less backs concept pact meant support market trade buying contrast said producers seem want sell cocoa buffer stock rather consumers technical issues still outstanding include whether buffer stock buy single announced posted price previous pact announcing buying accepting offers either case delegates said accepted producers must given clear opportunity make offers cocoa forward shipment directly buffer stock way competitive spot offers made dealers reuter
ohio edison sells pct nuclear interest mln dlrs
corp year loss oper shr loss cts vs loss cts oper net profit vs profit sales mln vs mln avg shrs vs reuter
ultramar sells u k marketing units mln stg ultramar plc umar l said reached agreement principle sell wholly owned u k marketing companies kuwait petroleum corp around mln stg ultramar marketing units include ultramar golden eagle ltd made profit around mln stg financing group administration charges small loss recorded first nine months sale due take place april proceeds intended reduce group debt short term ultramar said funds would ultimately used development core businesses u k north america reuter
standard completes acquisition delta business systems inc said completed previously announced merger standard corp delta said expects sales mln dlrs year ending april reuter
santa fe southern pacific appeals merger ruling santa fe southern pacific corp later today formally ask u interstate commerce commission icc reconsider earlier rejection merger holding company railroad assets company spokesman said expect file papers late tonight asking icc reopen rail merger case spokesman rich hall said telephone interview company chicago headquarters icc rejected july grounds would reduce competition merger santa fe southern pacific railroads deadline seeking icc reconsideration merger plan midnight tonight santa fe southern pacific owns santa fe railroad holds southern pacific railroad assets trust awaiting federal approval merger plan icc ordered holding company divest one railroad stayed ruling pending decision request reconsideration icc ultimately decides reopen case expected reinstate divestiture order reuter
portuguese february consumer prices rise one pct portugal consumer prices rose one pct last month pct increase january pct rise february national statistics institute said consumer price index base rose january compared february gave year year february inflation rate pct pct january pct february measured annual average rate inflation february pct compared pct january government forecasts annual average inflation eight pct year reuter
mellon mel sees large first quarter loss mellon bank corp said expects report loss first quarter range mln mln dlrs dlrs share company also said intends reduce second quarter common stock dividend cts share cts mellon said make provision loan losses first quarter mln dlrs reflecting mln dlrs charge offs mln dlrs additions loan loss reserve also put mln dlrs brazilian loans cash basis resulting interest mln dlrs first quarter mellon earned mln dlrs dlrs share chairman david barnes said loan charge offs increased provisions address four areas concern bank wholesale lending portfolio energy sector developing countries basic industrial companies several commercial real estate businesses mellon said loan loss reserve end first quarter estimated mln dlrs pct loan book compared mln dlrs pct total loans end mellon said primary capital ratio end first quarter line end figure pct well excess regulatory guidelines non performing loans quarter end estimated billion dlrs pct loan portfolio compared mln dlrs pct end barnes noted mellon bigger involvement energy based lending many banks lack substantial recovery energy prices year especially natural gas prices felt prudent increase reserves take losses loans sector action relates loans companies directly involved energy well loans real estate home builders financial institutions southwestern united states barnes said loans said mellon removed mln dlrs fully current argentine loans cash basis charged mln dlrs private sector mexican debt said mellon ordered december brazil refusal renew short term credit lines expects participate efforts brazil sovereign borrowers reschedule debts loans basic industries major increase non performing assets first quarter charge offs mellon said remains concerned absence strong recovery steel related industries increase reserves dividend cut continued management cost cutting aimed ensuring mellon financial strength deal current uncertainties barnes said cannot predict uncertainties presently trouble us end confident managing aggressively added reuter
first federal sets quarterly qtly div four cts vs four cts prior pay march record march note first federal savings loan association reuter
r l inc th qtr net shr cts vs cts net vs sales mln vs mln reuter
financial corp fin unit buys branches financial corporation america american savings loan association unit said signed definitive agreement buy three retail savings branches gibraltar financial corp gibraltar savings unit purchase must approved federal home loan bank california department savings loans would increase american savings deposits mln dlrs branches la la mesa san juan calif reuter
inc th qtr dec loss shr loss nine cts vs profit cts net loss vs profit sales vs avg shrs vs year shr profit one ct vs profit cts net profit vs profit sales mln vs mln avg shrs vs reuter
price buy pct price co said agreed buy least pct stock inc mln dlrs terms purchase entire company said transaction expected close end april reuter
communities inc dec shr loss dlrs vs profit cts net loss mln vs profit mln revs mln vs mln note year ago figures based months ended february company changed reporting period end december months loss includes mln dlrs writedown certain assets reuter
presidential realty corp annual net shr dlrs vs dlrs net vs rev mln vs mln note net gain property investments dlrs cts per share vs dlrs cts per share reuter
british sugar sowings slow start drilling year british sugar beet crop got slow start due poor weather conditions around one pct far spokesman british sugar plc said compares two pct stage last year three pct pct little cause concern better weather forecast capacity available drill contracted area around hectares days seed look good farmers advised wait soil temperatures rise spokesman said crop drilled third week april said last year large proportion crop drilled may still turned equal second largest record reuter
lp sets initial quarterly lp said make initial quarterly distribution cts per unit april holders record march partnership said dividend greater pay warranted fourth quarter results anticipated results year first quarter said expects comparable distribution second quarter said cts per share first quarter amount taxable income reuter
associates corp north america st qtr net qtr ended jan net mln dlrs vs mln dlrs revs mln vs mln note revs include investment income mln dlrs vs mln dlrs company wholly owned gulf western corp gw reuter
japan ntt forecasts profits fall nippon telegraph telephone corp ntt expects profits fall billion yen year ending march projected billion year company said total sales period expected rise billion yen projected billion year ntt said business operations plan submitted post telecommunications ministry ntt said plans make capital investments billion yen including billion research development total billion year ntt spokesman said increased competition new telecommunications field effect sales tax scheduled introduced next january major factors behind projected decrease profits japanese telecommunications industry reuter
preussag says payment dividend certain spokesman preussag ag f said yet certain whether company would pay dividend results commenting preussag statement said results lower preussag frequently said results came pressure following difficult year managing board chairman said december board would prefer stick policy reserves pay dividends spokesman noted final dividend decision supervisory board preussag statement said results fell compared declines earnings metals oil shipping entirely compensated positive trends group divisions spokesman said clear whether domestic group would show net profit adding would depend partly level provisions preussag cut dividend eight marks nine marks results parent company net profit dropped mln marks mln year preussag world group made net loss mln marks net profit mln year domestic group net profit fell mln mln statement said results affected unsatisfactory selling prices metals oil well poor use capacity supply ship sector reduction natural gas prices fourth quarter reflect earlier falls oil prices additional factor behind drop results preussag said measures already introduced would begin take full effect year preussag domestic group turnover rose billion marks billion helped first time consolidation mln marks turnover majority owned oil gas subsidiary c ag domestic group turnover fourth quarter alone billion marks said without giving comparison figures preussag said domestic crude oil production fell pct tonnes foreign oil production rose tonnes tonnes preussag said amalgamated metal corporation plc amc subsidiary whose results included world group accounts made unspecified profit fourth quarter last year amc large losses caused principally international tin crisis reason behind world group losses year reuter
republic pictures corp th qtr loss oper shr loss two cts vs profit eight cts oper net loss vs profit revs vs year oper shr profit cts vs profit cts oper net profit vs profit revs mln vs mln note current qtr year figures exclude losses discontinued operations dlrs seven cts per share dlrs nine cts per share respectively net earnings first three months restated reflect reduction dlrs resulting increase income tax rate reuter
director buys company stock international corp said director rockwell controls rockwell venture capital inc buy pct company cumulative preferred stock said buy shares dlrs cumulative preferred stock said shares owned w f rockwell jr chairman chief executive officer rockwell reuter
japan fund gets buyout offer japan fund inc said received unsolicited offer sterling grace capital management lp acting together certain persons entities purchase assets fund five pct aggregate net asset value japan find said deal subject obtaining satisfactory financing due diligence review added proposal referred board directors consideration reuter
west german sugar output rises west german sugar production last year rose tonnes estimated mln tonnes agricultural ministry said said increase exclusively due higher beet sugar content went pct pct last year beet deliveries totalled mln tonnes tonnes previous year ministry estimates west germany sugar self sufficiency current agricultural year july june unchanged pct reuter
atlantic raise high sulphur fuel prices atlantic fuels marketing corp said today raise posted cargo prices high sulphur fuels new york harbor cts per barrel effective april two increase brings prices two pct sulphur dlrs cts pct sulphur dlrs cts pct sulphur dlrs cts pct sulphur dlrs cts company said posted prices pct one pct low sulphur fuels unchanged dlrs said reuter
fed expected add reserves federal reserve expected intervene government securities market add temporary reserves via customer system repurchase agreements economists said economists said fed inject reserves indirectly via customer repurchases added fed might direct injection reserves via overnight system repurchases federal funds opened pct eased pct early trading funds averaged pct yesterday reuter
corp th qtr loss shr loss dlrs vs loss cts net loss mln vs loss revs mln vs mln year shr loss dlrs vs loss cts net loss mln vs loss revs mln vs mln note net periods includes mln dlr assets services segment southeast asian joint venture reuter
rogers adopts rights plan rogers corp said board approved shareholder rights plan designed protect shareholders event attempted hostile takeover rogers said plan adopted response specific takeover attempt plan shareholders may buy one share common stock dlrs share held rights exercisable person group acquires pct rogers shares announces offer pct dividend distribution made march holders record date reuter
campbell resources inc nd qtr dec net shr profit three cts vs loss cts net profit vs loss revs vs six mths shr profit three cts vs loss cts net profit vs loss revs mln vs mln note campbell changing yr end dec june reuter
machine technology sees nd qtr loss machine technology inc said expects report second quarter loss cts per share sales dlrs year earlier lost dlrs three cts per share sales dlrs company said booked six mln dlrs quarter backlog risen pct since end fiscal year leading expect improved results second half reuter
senior delegates pessimistic ico talks efforts break coffee exporting importing countries regulating world coffee market face falling prices appear failed senior delegates said contact group meeting full ico council due meet evening president brazilian coffee institute ibc jorio dauster told reuters contact group meeting agreement quotas consumers tried dictate market shares rather negotiate dauster said plans yet renew negotiations later date reuter
dutch parliament offers little help port row dutch members parliament said could little help resolve dispute redundancies rotterdam port general cargo sector urged union employers sort differences sides gave evidence party standing committee social affairs today committee members said saw little chance parliamentary intervention dispute began january protest employers plans redundancies strong workforce starting year port transport union fnv challenge redundancies amsterdam court tomorrow reuter
standard products co raises quarterly qtly div cts vs cts prior pay april record april reuter
norcros rejects mln stg bid williams norcros plc l building products packaging group said board unanimously rejecting morning mln stg bid williams holdings plc industrial holding firm company said williams p per share offer unsolicited unwelcome significantly norcros gmt norcros shares quoted p p yesterday close williams p higher norcros board detailed views sent shareholders formal offer document issued williams reuter
diamond shamrock offshore find diamond shamrock offshore partners said started development drilling west block louisiana gulf mexico significant natural gas find block said discovery well encountered feet net natural gas pay flow tests conducted said diamond shamrock offshore said pct interest block phillips petroleum co pct santa fe energy partners lp pct diamond shamrock corp dia owns pct diamond shamrock offshore reuter
biotechnology development th qtr loss shr loss five cts vs loss cts net loss vs loss revs vs year shr loss cts vs loss cts net loss vs loss revs vs reuter
corp year nov net shr cts vs three cts net vs revs mln vs mln reuter
auditors qualify mco resources report mco resources inc said independent auditors qualified opinion company financial statements posted net loss mln dlrs dlrs share revenues mln mco said opinion related realization carrying amount geothermal property ability continue ongoing concern dependent upon restructuring company bank debt obligations resolution uncertainties surrounding geothermal operations success future operations company said capital spending virtually eliminated additional staff reduction pct implemented today reuter
inc rd qtr feb net shr dlrs vs cts net vs rev mln vs mln nine months shr dlrs vs cts net vs rev mln vs mln note qtr net includes extraordinary gain mln dlrs versus dlrs fiscal third quarter non recurring pre tax gain dlrs reuter
cross buys automation unit cross said agreed acquire alliance automation systems division gleason corp undisclosed amount cash said gleason division manufactures automated assembly test systems used production small medium size components number industries including automotive electronic appliance alliance automation sales mln dlrs employs reuter
thai sugar production increases thai sugar production totalled tonnes january increase pct january according figures received international sugar organization november december production figures also exceeded last year totals result output first three months season showed pct increase production november january period totalled mln tonnes thai exports december january however january exports fell tonnes domestic consumption increased pct tonnes three month period sufficient prevent significant rise stocks climbed mln tonnes end january compared mln year earlier thai agricultural ministry officials previously forecast decline raws output around mln tonnes mln reuter
bayer confident posting good results chemicals group bayer ag f said expects post another good result raising pre tax profit new record high company said despite mark strengthening dollar currencies despite increase competitive pressure progress business depend largely extent threats free trade developments exchange rates raw material energy costs bayer said world group pre tax profit rose billion marks exceeding previous year record billion parent company pre tax profit increased billion billion company gave net profit figures indication likely dividend bayer paid mark dividend results one mark year earlier bayer said world group operating profit declined slightly non operating results showed improvement bayer said decline world group turnover billion marks billion reflected mainly sharp fall dollar mark lower prices raw material side also brought pressure selling prices added volume terms however sales rose slightly company said without giving details western europe north america far east regions developed well local currency local currency sales marks distorted picture especially case north america said bayer said parent company volume sales also higher although turnover fell pct billion marks capacity use high parent company resulting decline marginal unit costs combined savings raw material energy costs helped offset falling prices cost increases areas rise pre tax parent company profit due lower extraordinary expenses higher net interest income plastics chemicals raw materials developed well said turning fourth quarter bayer said world group turnover fell billion marks last three months billion period parent company turnover fourth quarter fell pct billion marks domestic turnover pct lower foreign turnover pct lower exports accounted pct turnover quarter pct quarter reuter
resources inc year end dec shr profit cts vs loss cts net profit vs loss revs vs note net includes dlrs cts share gain long term debt debenture offer reuter
mcdonald reaffirmed recommendation stock mcdonald corp rose sharply morning analyst daniel lee drexel burnham lambert inc reiterated recommendation stock traders said mcdonald operator fast food restaurants rose comparable store sales pct vs lee said stock trading market multiple said many companies consistent pct annual earnings growth rate return equity pct trade less market multiple analyst lee said introduction new line spring time trying suits boost sales also noted average mcdonald mln dlrs revenues year compares mln dlrs year average burger king dlrs year average wendy since cost build single store one said mcdonald well justify expansion lee expects mcdonald earn dlrs share dlrs last year earned dlrs share reuter
river opens today season mississippi river open barge traffic twin cities minnesota repairs completed first barges moved lock near ill today army engineers spokesman said inches ice reported three four upper mississippi river sections generally free ice spokesman said weather mild barges probably could kept loading mid mississippi river terminals winter lock scheduled repairs said la illinois river still scheduled close july two months repairs reuter
group ltd th qtr net shr cts vs cts net mln vs mln revs mln vs mln year shr dlrs vs dlrs net mln vs mln revs billion vs billion avg shrs vs reuter
burlington coat factory warehouse corp bcf net jan end shr dlrs vs dlrs net mln vs mln revs mln vs mln reuter
inc nd qtr jan loss shr loss cts vs profit cts net loss vs profit revs vs avg shrs vs six mths shr loss cts vs profit cts net loss vs profit revs mln vs mln avg shrs vs reuter
electromedics inc year net shr profit nil vs loss three cts net profit vs loss revs mln vs avg shrs mln vs mln backlog vs note current year net includes tax credit dlrs reuter
central pennsylvania buys stake firm central pennsylvania savings association said made pct investment mortgage investment co terms disclosed mln dlrs closed mortgage loans annually central pennsylvania also said directors recently approved letter intent acquire reliance savings association pa reuter
u money supply rises billion dlrs feb week fed says
u money supply rises mln dlrs u money supply rose mln dlrs seasonally adjusted billion dlrs march week federal reserve said previous week level revised billion dlrs billion four week moving average rose billion dlrs billion economists polled reuters said would anywhere unchanged five billion dlrs average forecast called billion dlr increase reuter
dwg dwg completes sale unit dwg corp said completed previously announced sale corp subsidiary corp subsidiary brands inc mln dlrs assumption liabilities said proceeds placed escrow pending outcome talks lenders reuter
resources ltd th qtr net shr profit one ct vs loss two cts net profit vs loss revs vs year shr loss eight cts vs loss three cts net loss vs loss revs vs reuter
u securities industry backs restraints takeovers insider trading
salant corp th qtr nov net oper shr profit cts vs profit cts oper net profit vs profit sales mln vs mln year oper shr profit cts vs loss dlrs oper net profit vs loss sales mln vs mln note year net includes pretax provision loss sale subsidiary dlrs year net includes pretax loss dlrs plant closing provision net excludes tax credits dlrs quarter dlrs year net periods excludes charge dlrs estimated settlement expenses connected chapter bankruptcy reuter
u k money market given late help worth mln stg bank england said provided market unspecified late assistance worth mln stg given market total assistance mln stg today compared liquidity shortage estimated revised mln stg reuter
u k banks offer fixed rate mortgages pct two major u k clearing banks announced offer total mln stg new mortgages fixed interest rate pct first three years current bank base lending rates pct midland bank plc l said initially allocated mln stg home loans rate lloyds bank plc lloy l offer mln stg earlier week midland said would cut standard rate mortgage payment pct april following half percentage point reduction leading banks base lending rates pct building society bank mortgage rates largely still well new base rate level although last year lloyds offered fixed rate pct certain home loans midland spokesman said bank calculated current level billion stg existing mortgage book accounts pct total british home loan market lloyds said billion stg outstanding mortgage loans estimated total market share among major clearing banks barclays plc l national bank plc nwbl l said immediate plans announce similar fixed rate schemes reuter
ico producers present new coffee proposal international coffee organization ico producing countries present proposal export quotas months april firm undertaking try negotiate september future quota distribution new basis ico delegates said distribution april would unchanged basis earlier producer proposal includes shortfall totalling mln bags said resumption ico contact group meeting consumers scheduled evening postponed tomorrow delegates said reuter
metex chairman sells shares metex corp said chairman chief executive officer alan cohen sold shares metex common stock metropolitan consolidated industries inc mony company said selling price dlrs per share option metropolitan consolidated industries purchase shares price metex also said mason carter elected president chief operating officer company carter joined metex formerly executive vice president addition president metropolitan named fill metex board directors company said metropolitan owns pct metex common stock company said reuter
wall street stocks marion labs marion laboratories inc stock rose sharply today company presented bullish earnings scenario meeting pharmaceutical analysts monday traders analysts said company said expects earnings fiscal ending june rise pct year ago encouraged analyst david sanford c bernstein co raise earnings estimates company dlrs share compared previous estimate dlrs share last year company earned cts share marion stock gained meeting pharmaceutical analysts marion president fred lyons jr said wall street estimates dlrs share fiscal expected cause even aggressive side range cts low lyons said strong performance second half year result fourth quarter introduction analyst said also expected approved treatment end year said marion still small company growth big impact bottom line raised fiscal earnings estimates dlrs share previous estimate dlrs share company broad new product pipeline industry far concerned company business said five years expects marion growth rate pct reuter
rocky mount th qtr loss shr loss cts vs loss cts net loss vs loss revs vs mln mths shr loss cts vs profit cts net loss vs profit revs mln vs mln note full name company rocky mount co inc reuter
emhart corp set increase earnings emhart corp said plans increase worldwide revenues earnings annual growth rate pct pct respectively said objectives based several assumptions including four pct average inflation rate two pct three pct gnp real growth emhart reported net loss mln dlrs cts share mln tax restructuring charge company assets emhart divested many units focus three primary markets industrial products consumer products information electronic systems emhart said industrial products account pct projected revenues billion dlrs consumer products account pct revenues information electronic systems pct reuter
treasury baker outlines trade bill treasury secretary james baker said trade bills proposed congress conflict significantly certain basic principles reagan administration considers critical baker told senate committee administration would resist measures general import sector specific protection import quotas individual products mandatory retaliation limits presidential negotiating open markets abroad trade steps reuter
union pacific says sign pact caracas march sale half corpus christi refinery
cpl real estate cuts regular payout qtrly div cts vs cts prior payable april record april note full name company cpl real estate trust investment reuter
national bancshares gain sale national bancshares corp texas said completed previously announced sale credit card accounts lomas financial corp mln dlrs resulting gain dlrs reuter
canada airline profits seen higher canada airline industry recent merger powerful new competitor government owned air canada begun first serious drive profitability years industry analysts said got company compete air canada said thomas bradley richardson canada ltd clearly go head head market new airline arose mln canadian dlr takeover canadian pacific air lines ltd small cash rich pacific western airlines corp launched last week canadian airlines international ltd canadian airlines pct billion canadian dlr domestic market air canada pct international ltd third nine pct analysts believe pacific western aggressive cost chairman develop true potential former cp air four inside conglomerate canadian pacific ltd said cp air management style much different air canada formed years ago neither airline held owners long ago maybe even six months ago two airlines totally neither seemed concerned bottom line said bradley cp air run profitability shareholder return air canada going way said cp air always fighting market share rather profits money analyst bache securities inc said recent report prior takeover december accumulated long term debt mln canadian dlrs losses totaled mln canadian dlrs air canada widely expected later year public share offering lost mln canadian dlrs revenues billion dlrs debt billion dlrs although minority interest likely sold public prospect time increased competition forcing air canada pay attention finances analysts said recently disclosed expects report profit excess mln mln dlrs however profit recovery due less management fact canadian airlines good year analysts said came canada record numbers last year attracted relatively weak canadian dollar vancouver alone mln next years analysts see three six pct air traffic growth expect profits come cost cutting careful spending peter murray ltd said institutional buyers eager add air canada portfolios blue chip investment warned new competition makes profit growth less certain airline something lose air canada one time fixed system nobody else said many analysts recommend investors buy hold airline shares least year analysts said air canada immediate concern ahead public stock offering unprofitable air routes without setting political storm also faced expensive necessary fleet aircraft preferring strong medicine instead later already one billion canadian dlr purchase dozen aircraft europe airbus industrie canadian airlines aircraft last week ordered six planes british aerospace said would soon buy many six wide aircraft airbus boeing co analysts said canadian airlines fleet needs make fewer afford without hurting profits steven wood gundy inc expects canadian airlines profit double last year mln canadian dlrs pacific western reuter
yeutter sees gatt consensus farm trade reform u trade representative clayton yeutter said trade ministers meeting reached general consensus agricultural trade reform latest uruguay round general agreement tariffs trade gatt yeutter gave precise details understanding told journalists consensus covers principles involved agricultural trade reform needs done improve global situation agriculture delegates countries meeting informally discuss progress made since latest gatt round launched punta del este uruguay last september yeutter said least people seem going road ultimately negotiations another matter entirely seems understanding need deal problem quickly common understanding going get yeutter said however hard work still come couple years tough negotiations ahead said nations world plough amounts financial resources production items nobody wants buy said said long term answer switch financial resources committed agriculture productive areas would help agriculture inefficient non productive segments would stop operating said individual segments many countries may lose process result system world wide production within years said important agriculture negotiations reach relatively early conclusion u spending billion dlrs year european community probably ineffective use financial resources said asked prospect priority agriculture negotiations said one politically realistic chance getting agricultural trade reform done two three years going part larger package reuter
modulaire buys boise homes property modulaire industries said acquired design library manufacturing rights privately owned boise homes undisclosed amount cash boise homes sold commercial residential structures modulaire said reuter
dixons group audio video ava end litigation dixons group plc said pursuant agreement audio video affiliates inc part investor group made rival bid cyclops corp cyl litigation dismissed part agreement dixons said cyacq corp audio video investor group includes citicorp capital investors ltd agreed promptly terminate existing tender offer outstanding cyclops common dlrs per share dixons said agreed pay additional dlrs per share dlrs per share shareholder whose shares purchased offer cyclops dlrs per share friday dixons announced increased holdings cyclops corp pct currently outstanding shares intended increase dlrs dlrs amount per share paid merger dixons subsidiary cyclops reuter
j p morgan jpm increases prime rate j p morgan co inc said raising prime lending rate pct pct effective today major u banks posting pct rate citibank first announce increase tuesday reuter
hoechst ag completes celanese acquisition hoechst ag west germany said completed acquisition celanese corp hoechst acquired majority celanese shares recent tender offer dlrs per common share reuter
ups qtly div sets stock split corp said raised quarterly common stock dividend cts share nine cts declared two one common stock split company said increased dividend paid may shareholders record april stock split said paid form pct stock dividend may shareholders record may reuter
u bank discount borrowings average mln dlrs feb week fed says
first wisconsin make acquisition first wisconsin corp said agreed acquire north shore bancorp inc ill dlrs cash slightly twice book value subject approval north shore shareholders regulatory authorities company said completion expected third quarter reuter
frank b hall earnings report qualified frank b hall co inc said independent accountants issue qualified report financial statements company said opinion result ongoing litigation discontinued operations earlier said lost mln dlrs fourth quarter loss mln dlrs year ago discontinued operations also said decided sell claims adjusting operations automobile dealer insurance unit creating reserve nine mln dlrs fourth quarter sale company said vigorously defend litigation arising discontinued units also said concentrate direct brokerage service business reuter
computer memories inc cmin rd qtr loss period ended december shr loss nine cts vs loss dlrs net loss vs loss revs vs mln nine mths shr loss six cts vs loss dlrs net loss vs loss revs vs mln note current qtr includes tax loss vs loss dlrs reuter
proof chernobyl grain damage diplomats western agricultural moscow said evidence rumours last april chernobyl nuclear disaster worse effect soviet grain first reported current soviet interest ships carry grain u helped prompt rumours world markets diplomats said seen reports state press heard comments officials official media initially slow reporting accident kremlin leader mikhail gorbachev campaign gradually gave details land around nuclear plant varying degrees used grow industrial crops instead grain reuter
thai natural rubber exports rise thai natural rubber exports rose tonnes year earlier private board trade said japan biggest buyer imported tonnes thai rubber previous year said major buyers u tonnes china west germany exports france rose tonnes austria italy tonnes reuter
renouf sells pct nzi stake brierley renouf corp ltd said sold pct stake nzi corp ltd brierley investments ltd bil mln n z dlrs renouf managing director mike said statement renouf intention build long term strategic position nzi became clear us best interests nzi brierley investments acquire holding said said renouf built nzi holding past six months sale comprised mln shares n z dlrs share warrants dlrs warrants attached mln swiss franc note issue bond francs carries warrant entitling bearer nzi shares annual report bil reported held pct stake nzi nzi mln ordinary shares issue total capital including shares attached warrants mln shares said sale result significant profit places renouf good position consolidate recent transactions pursue opportunities nzi shares n z dlrs bil renouf close trading bil executives unavailable comment reuter
sugar market sees good recent offtake reports soviet union extended recent buying programme taking five eight raws cargoes free market around points new york may futures recent worldwide demand sugar variety destinations traders said soviet buying follows recent whites buying india turkey libya well possible raws offtake china tonnes could changed hands current activity encouraging sugar trade previously saw little worthwhile end buyer enquiry added dealers said large proportion sales soviet union past days involved japanese operators selling thai origin sugar prices nearby shipment thai tightened considerably recently due good far eastern demand possibly sales soviet union pre large block enquiries china said thai prices march may shipments around points may new york larger discounts previously added traders said soviet union might looking buy sugar near term possibly towards overall requirement year around two mln tonnes probable mln tonnes already taken said turkey reported week bought around tonnes whites india whites purchases two three cargoes mar apr near dlrs tonne cost freight could seeking libya also buyer week taking two cargoes whites undisclosed shipment period reported priced around dlrs tonne cost freight added futures prices reacted upwards news end buyer physicals offtake although much enquiry emerged recently prices took interim technical dip traders said pakistan lined shortly buy tonnes whites although traders said tender originally scheduled tomorrow might take place week later egypt seeking tonnes may arrival white sugar next week greece called internal ec tender tonnes whites held early april arrival four equal parts may june july august reuter
sell pct subsidiary insurance group inc said plans sell pct stock subsidiary intercontinental corp one mln dlrs three european insurance companies parent company said signed letter intent sell stock ab sweden norway denmark said expects realize net tax gain approximately dlrs cts per share issuing stock intercontinental reuter
german march cost living pct year ago feb pct official
henry pct adams inc henry holdings plc said acquired pct interest u retail general corporate insurance broker adams inc move first step building new international insurance broking group following appointment new management team insurance holdings unit said p exciting growth potential particularly east coast u annual revenue four mln dlrs shares p helped announcement earlier today pretax profit rise mln stg mln reuter
banner industries inc bnr completes purchase banner industries inc said completed purchase rexnord inc rex common shares dlrs per share cash tender offer ended feb purchase follows banner receiving earlier today mln dlrs credit agreement citicorp industries credit inc bank nova scotia additional mln dlrs offerings made banner subsidiary drexel burnham lambert result tender offer banner said approximately pct outstanding shares rexnord company said merger rexnord subsidiary banner completed mid may reuter
seasonal stabilisation seen coffee prices weather brazil southern hemisphere winter expected stabilising effect weak coffee market west german trade sources said annual fear frost brazil probably grip market sometime month june early july one trader said trade believes international coffee organization ico unlikely tackle introduction quotas september meeting market see unexpected sharp moves either direction reuter
hospital staffing services st qtr net qtr ends feb shr six cts vs three cts net vs revs vs note full name hospital staffing services inc prior year includes extraordinary gain one ct per share reuter
brewery co ltd year january parent shr yen vs div yen vs net billion vs billion current billion vs billion operating billion vs billion sales billion vs billion outstanding shrs mln vs mln note dividend included two yen bonus dividend mark th anniversary company forecast current year parent shr yen div yen net billion current billion sales billion reuter
u approves buyout coastal bancorp coastal bancorp said u federal reserve board approved acquisition coastal suffield financial corp acquisition still requires approval banking department maine company noted reuter
oecd europe zinc stocks rise january producers zinc stocks organization economic co operation development oecd european countries rose tonnes january december january latest international lead zinc study group figures show figures jan dec jan refined production refined deliveries mine output metal content reuter
inc nd qtr jan net oper shr profit one ct vs profit two cts oper net profit vs profit sales vs st half oper shr profit two cts vs loss cts oper net profit vs loss sales vs backlog mln vs mln note current year net excludes tax credits dlrs quarter dlrs half reuter
hk shanghai bank standard chartered bank raise prime one half point pct
electronics sees results improving electronics corp said expects improved earnings year due rapid expansion logic one computerized management system customer base expectations good crime business company today reported earnings year ended january three dlrs dlrs year reuter
u k money market given mln stg late help bank england said provided money market late assistance around mln stg brings bank total help far today mln stg compares latest forecast mln stg shortage system today reuter
leading cocoa producers discuss international pact leading cocoa producers discuss whether newly agreed rules international cocoa buffer stock succeed sharp fall world prices start four day talks later today conference sources said another topic likely discussed twice yearly meeting cocoa producer alliance cpa pact second line market support scheme exporters take tonnes cocoa market buffer stock purchases fail defend prices international cocoa organisation due discuss scheme meeting june exporters could use talks work common position issue sources said delegates also arrangements international cocoa research conference due take place dominican republic next month cpa secretary general said member cpa include world top three producers ivory coast brazil ghana accounts around pct world output reuter
challenge disappointed nz forest moves challenge ltd managing director said disappointed rada corp ltd decided sell shares n z forest products ltd nzfp australia amcor ltd said statement made offer pct nzfp held rada said offer better amcor would made nzfp shareholders gave details amcor nzfp said earlier today merging pulp paper interests joint partnership increasing existing cross shareholdings plan involves nzfp increasing current holding amcor pct four pct amcor acquire rada nzfp stake add existing pct seek statutory approval increase holding pct rada bought stake mln dlrs industries ltd last year disclosed price paid amcor originally launched takeover bid nzfp late last year scrip cash offer dlrs share valuing company billion dlrs nzfp shares ended dlrs today reuter
state street boston corp sets quarterly qtly div cts vs cts prior pay april record april one reuter
howard b wolf inc rd qtr feb net shr two cts vs three cts net vs revs vs nine mths shr five cts vs six cts net vs revs vs reuter
loss year inc said expects report operating loss loss sale mid south subsidiary year ending march last year company reported earnings dlrs disclose details sale mid south said sale eliminated unprofitable operation company also said open two new centers washington baltimore area within next three weeks total new downtown boston location time period number boston area four reuter
agency review johnson johnson johnson johnson said u food drug administration notified company food additive petition high formally accepted reviewed agency company said product generic name sucralose made sugar like sugar times yields promote reuter
unilever plc nv th qtr dec london march unilever plc share p vs p making p vs p full year unilever nv share guilders vs guilders making guilders vs guilders unilever plc final div p making p vs p unilever nv final div guilders making guilders vs guilders combined pre tax profit mln stg vs making billion stg vs mln two companies proposed five one share split combined fourth quarter pre tax profit billion guilders vs billion making billion guilders vs billion operating profit mln stg vs mln making billion stg vs mln tax mln stg vs mln making mln vs mln tax adjustments mln stg credit vs nil making mln stg credit vs three mln debit attributable profit mln stg vs mln making mln vs mln full year turnover billion stg vs billion reuter
former treasury official urges currency reforms former treasury official c fred said new exchange rate system needed replace fixed flexible exchange rate systems said worked prefer move target zones major countries would determine ranges pct within would pledge hold exchange rates direct intervention necessary changes monetary policies director institute international economics said statement house banking subcommittee substantial correction exchange rate occurred since early welcome produce sizeable reduction u trade deficit year next imbalance fall much billion dlrs present policies much needed said reuter
control resource sees lower earnings control resource industries inc said company estimates earnings dlrs cts per share compared dlrs cts per share company said preliminary estimates revenues mln dlrs compared estimated results based shares outstanding compared shares outstanding r steven chairman said net income adversely affected primarily due lower operating margins company western environmental subsidiary increase bad debt reserves western environmental acquired march explained company taken steps improve financial accounting controls primarily western adequate time acquisition noted final results fourth quarter depend allocation increased costs second fourth quarters said possible second quarter results restated though final net income year remain estimated range added preliminary indications first quarter revenues favorable reuter
minister predicts one pct inflation singapore singapore inflation rate one pct negative pct trade industry minister lee told parliament said drop inflation rate first fall decade due largely lower world prices oil oil related items lee said negative inflation rate unlikely repeated year projected higher prices primary commodities oil reuter
french jan money supply rose adjusted one pct pct fall dec official
opec president says output well ceiling opec conference president rilwanu lukman said group producing well mln bpd ceiling set december partly liftings delayed postponed customers unwilling pay fixed opec prices lukman brief visit london way home jamaica told reuters telephone interview february opec partly members strictly abiding production quotas partly resisting sell discounts official prices around dlrs barrel determined stand firm december accord said every opec minister committed making accord work said lukman gave specific figures february output said opec vienna figures told reuters survey published today estimated opec output far week mln bpd said could well correct opec news agency today issued statement saying group output well ceiling february gave figures one source close opec indicated february output may mln bpd reuter survey estimated opec february output around mln bpd opec agreed december cut output pct mln bpd return fixed prices starting february lukman said qatar nigeria saudi arabia iran produced february opec quotas iraq said would honour mln bpd quota december pact produced less anticipated said lukman said industry reports may correct february nigeria bpd mln bpd quota saudi arabia bpd less mln allocation qatar pct bpd quota said sweet crudes produced country coming price pressure currently officially priced sweet north sea grades united states west texas intermediate wti crude however said opec december anticipated demand would slack time year seasonal reasons expected market firm two three weeks patient two three weeks market firming actual fundamentals said adding expected go even beyond official prices early april traditionally demand gasoline rich crudes nigeria opec president said producers kuwait venezuela indonesia less problems output producers like country exported oil products also venezuela heavy grades outside opec pricing system said lukman said refiner buyers refusing lift opec oil official prices instead used stocks ran dangerous levels would eventually buy opec oil realise free market realise buy instead paying later said lukman asked industry reports nigeria pressured equity producers better terms said important know terms flexible constant review market seemed weak said far meeting seven nation ministerial differentials committee scheduled meeting twice postponed high priority opec moment time get priorities right said important thing ensuring accord working dealing differential cents grades opec member raised concerns objections differential system meeting would called said reuter
int l minerals buys animal products unit international minerals chemical corp said completed acquisition johnson johnson co moore unit producer animal health products terms acquisition disclosed international minerals chemical said annual sales unit mln dlrs moore makes health products farm feedstock animals reuter
bsn bsn share sale advances bsn corp said agreement sell new common shares pct interest european institutional investors mln dlrs become definitive company said closing expected shortly filing registration statement securities exchange commission expected made month reuter
u inc th qtr net shr six cts vs five cts net vs revs mln vs mln avg shrs vs mths shr cts vs dlrs net vs revs mln vs mln avg shrs vs note net includes cts per share proceeds life insurance policy includes tax benefit prior qtr approximately relates lower effective tax rate based operating results year whole reuter
mac adjusts short term discount rates federal home loan mortgage corp adjusted rates short term discount notes follows maturity rate old rate maturity days pct pct days reuter
lincoln savings sets first payout lincoln savings bank said board declared initial dividend cts per share payable april shareholders record april reuter
force majeure lead pass u k smelter pass denied rumours company declared declare force majeure lead deliveries followed trader talk london metal exchange lme broker bids made increased premiums pass brand material traders said slight production problems seem exist unlikely impact market lead values lme today unchanged around stg per tonne three months delivery business one stg range reuter
ltd year net shr cts vs cts net vs revs mln vs mln note net includes gain dlr gain quantity discount rebates purchases materials prior years reuter
ferris bfi declares split browning ferris inc said board declared two one stock split payable april holders record march reuter
canada day bills average pct making bank rate pct
group sells stake comdata network cdn group investment firms sought control comdata network inc told securities exchange commission sold remaining share pct stake company group owned much pct total said sold stake march dlrs share last week sold comdata shares group members partners investment partnership mason best co texas investment partnership houston imperial corp real estate development firm reuter
petroleum ltd year net shr cts vs cts net vs revs mln vs mln reuter
technologies inc year net oper shr profit eight cts vs loss cts oper net profit vs loss revs mln vs mln note current year figures exclude operating loss carryforward gain dlrs loss discontinued operations dlrs prior year figures exclude loss discontinued operations mln dlrs reuter
nationwide cellular service inc th qtr shr loss six cts vs loss cts net loss vs loss revs vs avg shrs vs one mln year shr loss cts vs loss cts net loss vs loss revs mln vs avg shrs vs one mln reuter
cocoa working group meeting delayed international cocoa organization icco buffer stock working group meeting set gmt today rescheduled icco delegates said meeting delayed draft compromise proposal buffer stock rules could completed said icco executive director kobena erbynn preparing plan consultation delegates presentation full working group added reuter
carter hawley hale stores inc th qtr shr loss dlrs vs profit cts
u k money market deficit forecast mln stg bank england said forecast shortage around mln stg money market today among main factors affecting liquidity bills maturing official hands drain mln stg rise note circulation bankers balances target take around mln stg mln stg respectively partly offsetting outflows exchequer transactions add mln stg system today reuter
fed buy bills customer auction federal reserve said enter u government securities market est weekly bill auction purchase around mln dlrs treasury bills customers spokesman said said fed purchase bills maturities may september dealers said federal funds trading pct fed announced operation reuter
al laboratories inc th qtr net shr cts vs cts net vs revs mln vs mln mths shr cts vs cts net vs revs mln vs mln note net qtr yr adjusted reflect retroactive effect three two stock splits distributed shareholders july august net includes results operations pharmaceuticals inc acquired may reuter
bank spain provides year record assistance funds bank spain provided billion pesetas assistance funds bankers said reflected fears fresh increases overnight rates daily auction biggest year comes previous record set last june billion pesetas spokesman one spain top five banks said higher overnight call money rates expected short term view disappointing money supply figures february money supply measured liquid assets public hands rose pct last month pct january compared year eight pct target money supply growth pct last year central bank tuesday raised overnight rates quarter percentage point pct demand billion pesetas rates stood pct start year increased drain liquidity rising demand funds policy counter productive rates come long term bank spokesman said reply reuters enquiries said higher rates short term speculative capital abroad least mln dlrs current excess liquidity system convertible pesetas west germany countries much lower rates said reuter
european beet plantings seen little changed european sugar beet plantings expected show little change last year despite recent world prices analysts industry sources said reuter survey planting intentions showed far european community ec growers plan unchanged lower areas increases expected eastern european nations trade analysts said private reports give similar results significantly first estimate stagnant european beet plantings made last week west german sugar f licht areas may slightly lower analysts agricultural experts said steady rise yields resulting improved seed varieties better farming techniques could offset recent years good autumn weather given yields late boost making lower areas despite disappointing starts growing seasons changes ec areas reflect extent producers grow called c sugar sale world market produced excess basic area needed meet ec b quotas receive full partial price support respectively analysts said open row broke last week producers ec commission export policy could serious implications future sugar output beet producers threatened effectively dump nearly one mln tonnes white sugar ec intervention stocks feel export subsidies low compensate gap high ec internal low world market prices however ec budget breaking point could give treasury ministers extra resolve resisting higher guaranteed sugar prices build case future cut basic b quotas added france largest producer ec quota non quota sugar sugar market intervention board firs said first planting intentions indicate area last year hectares nine pct previous year basic trend towards stability firs spokesman said unlike world market raw sugar prices dollars white sugar french franc prices particularly high encouraging higher planting levels said beet sugar output last year mln tonnes average yield tonnes per ha highest ec apart netherlands previous year five year average west germany recent price rises altered plans since planting decisions taken months ago industry sources said farm ministry said december survey still valid plantings cut slightly four pct yields average licht last week estimated west german plantings reduced hectares last year british sugar plc monopoly beet processor signed u k farmers grow mln tonnes beet yield mln tonnes whites last year crop second highest ever mln tonnes british sugar b quotas totalling mln tonnes whites c output due improved yields consistent disease resistant seed types recent price rises altered polish plans deputy director amalgamated sugar industry enterprises said world prices still polish production costs way convince farmers increase area already signed contracted level national plan set prices began rise put plantings year hectares said last year production mln tonnes world prices less impact italy france germany traditionally exporter geared domestic market official national beet growers association said italian sowings yet complete suggest drop last year ha especially north farmers switched soya beet output last season mln tonnes yielded higher expected mln tonnes white sugar dutch plantings expected fall ha record new self imposed quota system comes force spokesman centrale second largest dutch sugar processor said new system aims average around tonnes white sugar cut output c sugar last year netherlands produced record mln tonnes white sugar combined b quota tonnes world price sugar would rise much higher done recently make planned production c sugar really worthwhile spokesman said western agricultural experts moscow said soviet planting intentions likely unchanged licht put year soviet beet area mln ha mln last year hungary expanding beet area ha official mti news agency said diplomats said policy balance supply domestic demand spanish ministry agriculture said beet sowings estimated unchanged ha year spokesman denmark largest beet concern de said sugar target unchanged tonnes steady area ha sweden beet grown meet domestic demand planted area seen little changed ha last year according spokesman sugar company ab last year irish yields lowest years due late sowings state run irish sugar plc said plantings target equivalent hectares reuter
systems acquisition systems inc said acquired systems inc colo mln dlrs said systems provides integrated applications software processing services community banks systems revenues mln dlrs year said reuter
corp th qtr jan oper net oper shr dlr vs cts oper net mln vs revs mln vs mln avg shrs mln vs mln year oper shr cts vs cts oper net vs revs mln vs mln avg shrs mln vs note prior year th qtr year oper net excludes mln dlrs mln dlrs respectively income discontinued operations prior year th qtr year oper net also excludes mln dlrs mln dlrs respectively operating loss carryforwards items prior year th qtr year ended january reuter
avaq international seek commitment deal avaq international inc said intends require gates learjet corp honor agreement sell shares company avaq said made statement response offer interconnect capital corp gates learjet shares believed agreement gates accept offer avaq said offered gates guidelines six dlrs per share plus purchase gates corp note mln dlrs interconnect said offered dlrs per share plus repurchase loan mlns aggregate price mln dlr range interconnect said made offer board directors gates learjet march avaq said gates corp gates learjet approved offer feb reuter
corp nd qtr jan loss shr loss cts vs loss cts net loss vs loss sales mln vs mln avg shrs vs st half shr loss cts vs loss cts net loss vs loss sales mln vs mln avg shrs vs note prior year net includes tax credits dlrs quarter dlrs half reuter
gaf gaf plans changes offer accepted gaf corp chairman samuel heyman told reuters foresee major changes borg warner bor gaf dlr per share offer acquire borg warner successful great respect borg warner heyman said following speech american institute chemical engineers annual meeting particular changes mind earlier today gaf announced billion dlr offer presented board directors chicago based company last week gaf purchased additional shares company dlrs increasing stake borg warner pct gaf made unsuccessful effort acquire union carbide corp five billion dlrs since expressed interest acquiring chemical company would complement chemical business asked whether gaf would consider selling non chemical assets borg warner takeover offer accepted heyman declined comment also refused say whether gaf would consider increasing dollar value takeover offer initial proposal rejected heyman emphasized considered gaf offer borg warner friendly one think made fair offer good borg warner management good shareholders heyman said speech heyman said feared many chemical companies attempting high margin products said turning backs core commodity chemical businesses heyman said chemical industry taken total seven billion dlrs pre tax writeoffs past two years trim balance predicted u chemical industry reported total billion dlrs profits would see pct gain earnings year increasing exports cheaper feedstock costs weakened u dlr reuter
canada leading indicator pct december pct november gain official
ec commission declines comment sugar offer european community ec commission declined give official reaction reports group european operators plan offer one mln tonnes sugar intervention protest commission export policies however spokesman commission confirmed offers made intervention agencies various member states said would take three weeks agencies concerned complete necessary documentation spokesman said current regulations ec would accept offers technical problems spokesman said commission would member state cost buying sugar product sold intervention stores later date said present virtually sugar held intervention stores last year tonnes sold intervention campaign tonnes reuter
london meat futures need marketing chairman beef futures traded london meat futures exchange despite lower physical prices introduction new contracts need effective marketing chairman pat said annual report exchange introduced live cattle cash settlement contracts representing move away problems cash distortions initial deliverable buyers option contracts created said although physical industry aware market follows prices reflected market volume said achieve true potential floor members must give market much time attention added reuter
graphic media inc year net ended jan shr nine cts vs eight cts net vs revs mln vs mln avg shrs vs note restated reuter
brazil industrial production slowed january industrial output january pct month rising pct december brazilian geography statistics institute figures show result line declining trend growth rate since october institute said months end january industrial production pct months end january last year calendar output pct biggest output rises months end january pct pharmaceuticals pct machinery reuter
ec ministers announce plan steel closures european community ec industry ministers agreed plan voluntary steel plant closures drawn industry lobby group eurofer calculated lead loss jobs ministers resolved proposed closures bring production capacity line weak demand remain considerably surplus capacity asked ec executive commission consult eurofer major steel companies governments scope capacity reductions beyond annual mln tonnes identified eurofer commission draw new system steel production quotas protect vulnerable ec firms full open competition commission sources said new system would cover heavy products representing pct market instead pct present system ministers hope approve closure program meet brussels june sources said industry commissioner karl heinz narjes told ministers capacity mln tonnes excess requirements excess ought eliminated end reuter
corp th qtr loss oper shr loss cts vs loss cts oper net loss vs loss avg shrs vs year oper shr loss cts vs loss cts oper net loss vs loss avg shrs vs note net excludes realized investment gains dlrs vs dlrs quarter dlrs vs dlrs year reuter
galactic adopts conservative accounting galactic resources ltd earlier reporting loss mln u dlrs said adopted conservative accounting policy similar gold producers accounting exploration costs result company retroactively charged past exploration related administration costs incurred properties expenses new policy future exploration related administration costs written expenses rather capitalized intangible asset said galactic said accounting change resulted mln u dlr charge earnings immediately disclose affect change prior years results new accounting policy expected adversely affect working capital position future cash flows company ability conduct ongoing business operations said galactic said charge includes mln u dlrs costs concerning mine leach mln u dlrs waste removal costs construction mine developments galactic said prior accounting policy mine expenses would life mine charged future earnings change also result lower depreciation amortization charges income u dlrs ounce gold produced future periods based total estimated reserves ounces galactic said march production expected exceed ounces raising gold equivalent production since june start ounces reuter
sedgwick buys bsi sedgwick group plc l said wholly owned canadian subsidiary sedgwick inc acquired bsi maximum eight mln canadian dlrs funds raised issue mln ordinary sedgwick shares bsi later january shares already issued bsi privately held canadian company involved employee executive benefits consulting administration pretax profits excluding extraordinary items totalled mln canadian dlrs reuter
completes purchase medical corp said completed acquisition minnesota mining manufacturing metal line division acquisition price mln dlrs cash six mln dlr three year note shares common stock division sales mln dlrs reuter
u single family home sales fell pct jan revised pct dec gain
environmental power corp year net shr profit cts vs loss cts net profit vs loss revs vs reuter
telecom tele says sale closing delayed telecom plus international inc said closing sale pct interest tel plus communications inc siemens ag delayed company said continuing talks siemens based current circumstances believes transaction could close next week closing scheduled march reuter
japan rejects u objections fairchild sale foreign ministry official dismissed arguments made senior u government officials seeking block sale u microchip maker japanese firm appear linking completely unrelated issues foreign ministry north american division told reuters u commerce secretary malcolm baldrige asked white house consider blocking sale fairchild semiconductor corp japan fujitsu ltd itsu u officials said yesterday baldrige expressed concern sale would leave u military dependent foreign company vital high technology equipment pentagon officials said defence secretary caspar weinberger also opposes sale u officials also said sale would give fujitsu powerful role u market supercomputers japan supercomputer market remains closed u sales said national security issue since planned purchase fairchild current owner schlumberger ltd slb include fairchild main defence related division addition said tension supercomputer trade affect sale fairchild make supercomputers analysts noted fairchild make sophisticated microchips used supercomputers fujitsu makes similar chips supplies u supercomputer makers said also dismissed u fears proposed takeover would violate u antitrust law saying purchase would result fujitsu u semiconductor market two separate issues appear come together boost pressure block purchase industry analysts said move part attempt force japan open domestic market u supercomputer sales said u officials repeatedly charged japanese public sector closed u supercomputer sales despite u firms technological lead field united states believes japan react salomon brothers asia analyst said however analysts said stake supercomputer sales u fears losing vital semiconductor industry japanese competitors real issue u silicon valley said tom murtha brokerage james capel co u japanese tension semiconductor trade failed despite recent efforts japan ministry international trade industry miti get japanese firms abide bilateral pact aimed halting pricing opening japan market miti official said japan abiding agreement problems remain halting sale microchips europe southeast asia prices set pact matter time solve problem told reuters despite fujitsu proceed talks acquisition line basic agreement reached schlumberger last year fujitsu spokeswoman told reuters reuter
air canada comment gelco gec unit report state owned air canada said make statement est concerning published report airline agreed acquire gelco corp canadian unit gelco express ltd air canada spokesman said spokesman declined comment toronto globe mail report sale gelco express canada second largest courier service part parent company strategy repay mln u dlrs debt end report said quoting gelco spokesman report disclose price sale gelco canadian unit reuter
safety kleen sk completes acquisition safety kleen corp said completed acquisition mckesson co unit mckesson corp undisclosed amount safety kleen industrial automotive parts cleaning service said mckesson recycling plants illinois kentucky puerto rico reuter
wallace computer services inc dividend qtly div cts vs cts previously pay june record june one reuter
laboratories corp year loss shr loss dlrs vs loss dlrs net loss vs loss revs vs reuter
toronto dominion bank cuts prime rate pct pct tomorrow
woolworths ltd reports mln dlr net profit yr end feb vs mln
royal bank canada sees higher loan losses royal bank canada said estimates loan losses one billion dlrs mln dlr increase last year royal bank said set provisions given continued debt servicing problems north american energy industry uncertain outlook energy prices also continued add general provisions loans troubled borrower countries bank loan loss provision first quarter ended january rose mln dlrs mln dlrs year ago quarter bank said non accrual loans net provisions loan losses totalled billion dlrs january billion dlrs year ago reporting lower first quarter earnings chairman allan taylor said problems credit quality particularly loans associated energy sector continue substantial adverse effect bank earnings taylor said profitability bank international operations remains weak reflecting resource related difficulties private public sector borrowers unsatisfactory results capital market activities taylor said would premature speculate outcome debt negotiations brazil potential impact royal bank bank earlier reported first quarter profit fell mln dlrs mln dlrs year ago reuter
cpi corp th qtr feb net shr cts vs cts net vs sales mln vs mln avg shrs vs year shr dlrs vs dlrs net vs sales mln vs mln avg shrs vs note year ago period ended feb full year earnings include gains discontinued operations dlrs one ct share vs dlrs cts share reuter
hapag orders new container ship china hapag lloyd ag said ordered new container vessel china australia service order given shipyards shanghai lengthy negotiations west german shipbuilders company said statement chinese firm offered build vessel mln marks less west german yards despite government subsidies bonn pays ailing shipbuilding industry hapag said company spokesman would comment total order value said new vessel would replace dwt sydney express would carry container units reuter
bank france buys dollars paris fixing dealers
supermarkets general corp th qtr cts vs cts
south african foreign reserves sharply south africa total gold foreign assets rose mln rand february billion rand rising almost one billion rand january reserve bank governor gerhard de said de state run television gave breakdown reserves also said curb inflation salary increases would inflation rate state must set example keeping wage increases inflation rate said consumer prices rose pct year january reuter
universal holding corp th qtr loss shr profit nil vs profit nine cts net profit vs profit revs vs year shr loss cts vs profit cts net loss vs profit revs mln vs note net includes capital gains vs qtr vs year current year net includes charge contract obligation former chairman reuter
american international petroleum buy assets american international petroleum corp said agreed acquire one mln dlrs assets western louisiana oil gas company american international would identify company american said assets included nine leases totalling acres various working interests oil gas wells property equipment machinery necessary operation pct interest nine mile gas pipeline reuter
ftc eases allied signal ald unit restrictions federal trade commission said eased requirement allied signal inc allied corp subsidiary get prior ftc approval making certain acquisitions high purity acid market ftc said ended prior approval requirement allied longer businesses covered order restrictions still apply said stem order ftc charges allied acquisition fisher scientific co reduced competition three high purity acid markets reuter
alcoa declines specific comment options trade alcoa officials acknowledged possibility may position exchange aluminum options market declined specific comment trade speculation company holding large outstanding position alcoa aluminum company america source involved terminal trading company said use means available manage business possibility trading options go specifics dealing un ingot commodity business lot tools available hedging alcoa using tools said al alcoa manager corporate news trade sources said alcoa long call options equal tonnes aluminum due mature april may however new york based aluminium traders said believe size alcoa position exaggerated possibility alcoa may long call options one factor indicating supply tightness may worsen second quarter traders said decide exercise right buy would mean really squeezing market one new york trader said noting aluminum stocks london metal exchange tonnes end last week reuter
warburg begins tender offer symbion symbion inc said warburg pincus capital co l p began tender offer purchase mln shares pct symbion shares dlrs per share warburg already owns pct symbion symbion shares outstanding company makes artificial symbion said board management carefully reviewing offer march advise shareholders whether accepts rejects offer tender offer successful warburg pct symbion reuter
inland sets stock split inland inc said board proposed two one stock split payable shareholders record april board also elected frost chairman succeeding john remains president chief executive officer frost early february bought pct company said stockholders annual meeting approved measure change company name ivaco industries inc five new directors also elected company board elected board company said reuter
may department stores co raises dividend qtly div cts vs cts previously pay june record june one reuter
chrysler c credit canada placed canadian bond rating service said placed chrysler credit canada ltd subsidiary chrysler corp c financial details concerning proposed acquisition american motors corp amo finalized affects chrysler credit canada short term notes guaranteed notes debentures recently completed mln dlr issue due april canadian bond rating service said based facts currently available proposed transaction anticipate necessity downgrade canadian bond rating service said chrysler credit canada short term notes rated high guaranteed notes debentures rated b plus plus high reuter
bid smith co inc said submitted bid excess mln dlrs smith manufacturer law enforcement unit lear siegler smith among number companies sold little recent acquisition lear siegler reuter
u k oil industry said permanently damaged u k offshore oil industry suffered last year collapse oil prices sustain damage minister state energy smith said drilling supply vessels sectors affected told house commons energy committee noted however oil companies still spending six mln stg day maintain north sea production added report manpower services committee said jobs lost industry seen context total workforce prices north sea brent grade crude dipped low dlrs barrel last july peak dlrs previous november recovered around dlrs barrel last december opec meeting brent traded today around dlrs smith said u k intention opec style quotas noting oil consuming well oil producing nation reuter
acquires image video corp said acquired image video inc undisclosed sum company said image video produces distributes home market image video scheduled release video projects said reuter
illinois co op futures dissolution vote set shareholders illinois cooperative futures co futures trading arm many midwest farm cooperatives years vote wednesday possible dissolution directors company called special meeting recommended dissolution last month citing falling volume increasing costs sources close organization told reuters growmark inc holds pct capital stock led call dissolution possible cooperative set clearing houses trading business regional local cooperatives comprise membership growmark time regional farm cooperative major river terminal founded illinois cooperative futures december growmark became affiliated last year archer daniels midland ill markets grain joint subsidiary two companies growmark relationship growmark longer needs trade futures cooperative said tom mulligan president co op membership company mulligan termed cooperative cooperatives declined notable loss iowa became affiliated cargill inc illinois co op members include regional cooperatives indiana grain based atlanta ga toledo ohio farmland industries kansas city mo farmers commodities des moines harvest states minneapolis said illinois cooperative futures co serious blow cooperative system instead together individual cooperatives forced go ways said floor manager one cash house chicago board trade move would gives farm cooperatives advantage market time major commercial companies growing dominant said vice president communications national council farm cooperatives said cooperatives exist today five years ago period gone past five years quite said lot consolidation marketing co one problem said co sell grain major export rather exporting losing potential profits exporting grain requires heavy investments multi million dollar loss posted six years ago farmers export co co op set export grains served make said mulligan said believes dissolution approved result change futures industry rather change u agricultural economics grain dealer one member co op said futures arm convenience something saved us little bit money dissolution force us change way business see co op go said lot people business capable firms steven w vice president grain marketing indiana grain said would prefer trade futures chicago based cooperative terms clearing business unit opposed individuals would economic savings said added times change changing times come different opinions businesses ought around said possible futures arm nothing profitability would guarantee company trouble sound healthy organization year ended february illinois cooperative reported income mln dlrs members equity net worth mln dlrs annual report recent year filed cooperative system income operations returned refunds members income refunds past five years declining year ended february co op reported income mln dlrs refunds mln dlrs refunds year ended february totalled mln dlrs dealing substantially lower volume mulligan said lower volume higher costs according company annual report growmark owns pct preferred shares four pct common shares illinois cooperative futures co mulligan declined speculate much capital growmark entitled said could determine figure unless shareholders decide favor dissolution equity distributed according member trading volume result changes year year however mulligan said company could continue meet minimum capital requirements trade futures even growmark pulled reuter
real estate gain sale real estate investment trust said post first quarter gain dlrs sale spanish ga completed last week reuter
great pacific industries inc year net shr dlrs vs dlrs net vs revs mln vs mln reuter
federal reserve money supply report feb one week ended feb previous week revised weeks vs week ago vs weeks vs week ago vs monthly aggregates adjusted avgs billions jan vs dec vs jan vs dec vs jan vs dec vs l dec vs nov vs domestic debt dec vs nov vs reuter
french january money supply rises one pct french money supply measured terms rose provisional one pct january falling pct december bank france said main money supply aggregate used french monetary authorities joined second main money supply aggregate rose provisional pct january falling confirmed pct december calculated three month moving average basis rose pct year year quarter based december rising pct quarter centred september aggregate centred three month moving average rose year year four pct within target range four six pct rose pct pct fall december measures notes coins circulation plus sight deposits adds short term bank deposits adds short term deposits central bank measure liquidity l rose pct january one pct fall december bank said money supply growth reflected net increase sight deposits renewed interest money market instruments reuter
j c penney declares two one split raises quarterly
trans world airlines twa files usair u trans world airlines said told securities exchange commission intend seek control usair group acquire stock time twa also said application department transportation seek control usair amendment said twa reserves right seek control usair future intends maintain pct stake also seeking flexibility acquire pct usair twa said usair stock owned would voting trust voted proportion vote usair shareholders twa filed securities exchange commission reporting holding shares usair twa said stake amounts pct twa also said order federal court pittsburgh temporarily barred buying additional shares usair pending hearing march reconsider usair application expand temporary restraining order preliminary injunction reuter
german sugar offers put tonnes west german intervention board said tonnes sugar offered intervention far spokesman speaking frankfurt told reuters offers increased recently contracts yet concluded european commission spokesman brussels earlier confirmed one mln tonnes sugar offered intervention boards various member states intervention board spokesman frankfurt said one million tonnes lot community almost empty could turn serious political problem west german trade sources said believed one mln tonne offer ec sugar industry intervention would neutral market impact overall reuter
results hit strikes dollar nationale sa br said suffered net loss billion francs last year hit strikes falling dollar declining oil prices statement said loss compared mln franc profit previous year included considerable charges restructuring without net loss would billion francs said added restructuring plan would allow firm return long term profitability approved local authorities banks workforce reuter
chi chi inc rd qtr jan loss shr loss cts vs profit eight cts net loss mln vs profit revs mln vs mln nine mths shr loss cts vs profit cts net loss vs profit mln revs mln vs mln note current year net periods includes mln dlr pretax charge disposition underperforming company owned restaurants current year net includes tax credits dlrs quarter dlrs year reuter
atcor inc atco cut dividend qtly div three cts vs cts prior pay april record april reuter
inc year loss shr loss cts vs loss cts net loss vs loss sales vs reuter
ps group usair u move deadline ps group inc said usair group agreed move completion date usair acquisition pacific southwest airlines april september originally acquisition take place april either party may terminate agreement company said deadline moved department transportation ps group shareholders already approved transaction company said union agreement certain labor contract conditions remains resolved pact reuter
combustion engineering csp sees st qtr net combustion engineering inc said expects first quarter earnings pct year ago mln dlrs mainly due financing costs resulting january acquisition accuray corp company said filed offering four mln common shares mln dlrs subordinated debentures due proceeds used refinance short term bank debt incurred accuray acquisition finance costs transaction general corporate purposes combustion said shares sold u remainder overseas combustion paid mln dlrs accuray maker computer based measurement control systems used pulp paper mills company said expects release first quarter results third week april combustion said expects restructuring core businesses particularly year staff reductions consolidation facilities combustion said restructuring expected substantially reduce eliminate year losses engineering construction segment said improvement expected approximately offset number factors including somewhat lower level earnings power generation segment financing costs accuray acquisition costs associated accuray technology operations delays waste energy projects reuter
soviet grains seen entering spring note soviet winter grains could start spring usually dry fall cold winter weather crop analysts said prospects another near record grain harvest soviet union appear dim point premature forecast major crop problems analysts said situation careful watching next six weeks ultimately impact soviet grain supply future buying plans analysts soviet union said weather say soviets getting good start lower crop last year chief e f hutton said next six weeks ussr grain growing areas crucial period determine final outcome winter crops analysts said crop really made broken still ahead us agriculture department authority ussr said soviet union recently reported nine mln hectares winter grain due winterkill would equal pct total winter crop would second highest winterkill ten years usda analyst said timely spring soviet farmers would probably able damaged acreage spring crops analysts noted spring crops normally yield lower winter crops sometimes much pct lower normally winterkill caused inadequate combined cold temperatures winter however soviet grain areas generally excellent bulk winterkill analysts speculate likely due dry fall subsequent poor crop fall may problem good crops fall said last fall little pct normal southern northern normal entire winter crop area said recent cold temperatures grain areas gradually could also caused problems ice winterkill jim senior weather said livestock feed needs probably increased fall winter analysts said dry fall damaged cold winter raised feed demands late spring would require longer said soviets situation buy grains usda official said soviets worried winter crops feel last year huge crop mln tonnes one time brought conditions soviet buying might occur insure crop supplies said bad weather next six weeks could push soviets back market weather analysts said lot winterkill could occur next month half said reuter
placer pacific hopes gold approval soon placer pacific ltd said hopes papua new guinea government approve development gold project next month following final environmental plan port today completes major documentation required gain official approval proceed placer said statement placer estimated deposit located eastern half island southeastern coast papua new guinea contains proven probable reserves mln tonnes grading grams tonne gold grams tonne silver exploration continuing reuter
e systems sets qtrly payout qtrly div cts vs cts prior pay april record march reuter
volcker says fed policy responsible prime rate rise
helm h sells additional shares bamberger helm resources inc said pursuant exercise option underwriters bamberger inc initial public offering sold another bamberger shares reduced ownership bamberger pct pct date helm sold bamberger mln dlrs bamberger sold total shares received net proceeds mln dlrs since february offering reuter
general public utilities corp gpu two mths net shr cts vs cts net mln vs mln revs mln vs mln mths shr dlrs vs dlrs net mln vs mln revs billion vs billion note results restated change accounting reuter
nationwide cellular completes purchase nationwide cellular service inc said completed previously announced acquisition privately held nova cellular co chicago mobile telephone service subscribers common shares nova cellular accumulated deficit dlrs revenues dlrs said reuter
opec sticking firm official prices subroto opec countries sticking firmly official crude oil prices volatility spot prices likely continue third quarter indonesian minister mines energy subroto told reuters subroto attending pacific energy cooperation conference blamed recent rapid spot price changes supply demand stick production limitation third quarter better balance said market period transition impact opec december agreement cut output fix prices average dlrs barrel worked asked whether opec members gulf cooperation council gcc concrete proposals help qatar sell crude oil face strong resistance official prices subroto said apparently taken care gcc meet often among think help said subroto said member opec price differentials committee know meeting postponed scheduled april date maybe find better meeting everyone sticking official prices said reuter
att cost cutting efforts target american telephone telegraph co chairman james e olson said pleased company efforts far cut costs told meeting securities analysts although company yet point cost cutting drive improve profit margins right track olson said att cash flow strong first two months year better olson know company earnings revenues improve yearend said att moving proper direction att earnings dropped mln dlrs five cts share revenues billion dlrs billion dlrs dlrs share revenues billion dlrs att took billion dlrs charges expenses related reducing work force reuter
investment firms stake mcgill group affiliated investment firms led bermuda based fidelity international ltd boston based fmr corp told securities exchange commission raised stake mcgill manufacturing co inc group said raised stake shares pct total outstanding common stock buying mcgill common shares jan march prices ranging dlrs share reuter
campeau edward debartolo complete purchase campeau corp edward j debartolo corp closed previously announced purchase five regional shopping centers allied stores corp campeau said debartolo association hold pct ownership interest shopping centers campeau separately announced required bank agreement contributed additional mln dlrs capital allied campeau acquired allied stores corp earlier year company said reuter
first corp th qtr loss shr loss dlrs vs profit nil net loss vs profit revs mln vs mln year shr loss dlrs vs profit dlrs net loss vs profit revs mln vs mln note net periods includes dlr loss discontinued operations due settlement lawsuit redemption preferred reuter
fed expected add reserves federal reserve expected enter u government securities market add reserves usual intervention period today economists said federal funds trading steady pct economists expect indirect injection temporary reserves via medium sized round customer repurchase agreements however economists said fed may arrange aggressive system repurchase agreements economists would also rule outright bill pass early afternoon action widely anticipated yesterday failed reuter
adsteam acquire pct u k property company co ltd adsteam said subscribe mln shares listed british property developer securities plc p subject shareholder approval expected take place may give adsteam pct adsteam said statement adsteam managing director john become chairman two adsteam nominees join board hope time become significant property industrial company style adsteam said statement reuter
rochester gas electric corp payout qtly div cts vs cts prior pay april record march reuter
anchor financial corp st qtr net shr cts vs cts net vs assets mln vs mln deposits mln vs mln note earnings per share affected issuance shares common stock december reuter
restaurants international inc net shr cts vs cts net vs revs mln vs mln avg shrs mln vs mln nine mths shr cts vs cts net vs revs mln vs mln avg shrs mln vs mln reuter
mts acquisition negligible number caesars world shares
solv ex solv shell canada shc pact complete solv ex corp said successfully completed oil sands pilot testing program agreement shell canada limited shc received u dlr bonus payment also said shell canada exercised option take solv ex pct working interest construction oil facility relieving obligation raise mln canadian dlrs plant construction said pct loan guaranteed government alberta exchange shell participation solv ex said shell pay front royalty running royalty based operating profits oil sands facility said shell canada barrel per day oil sands project built shell oil sand lease miles north fort region northern alberta solv ex said project cost mln canadian dlrs said following final feasibility study plant open early oil prices expected exceed u dlrs per barrel reuter
japan long term prime seen cut record low soon japan long term banks soon cut prime rate record low pct percentage point response falling secondary market yields five year debentures long term bankers said long term prime rate set percentage point coupon five year bank debentures issued long term banks every month latest bank debentures pct met strong end investor demand prospect declines yen interest rates dealers said current pct prime rate effect since february reuter
next plc l five months end january shr p vs p div p vs p pretax profit mln stg vs mln net interest payable mln vs stg net tax vs mln turnover excluding vat mln vs mln note company said intends issue second interim statement six months july pay related dividend early reuter
reserves property exploration inc corp copper said defined reserves tons ore average grade ounces gold per ton two separate deposits property located noranda quebec assay results holes drilled foot centers indicate number one deposit contains possible reserves tons average grade ounces gold per ton number one deposit reserves contained depth feet strike length feet reserves number two deposit located feet number one deposit tons average grade ounces gold per ton earned pct interest property operator corp copper reuter
energy talks acquisition energy corp said entered preliminary agreement purchase pct interest privately held specialty plastics manufacturing company name said completion acquisition subject consent banks third parties acquisition would made promissory notes common stock reuter
german steel subsidies cannot continue minister economics minister martin bangemann said state could continue money west germany ailing steel coal industries subsidies parts economy situation completely economic point view bangemann told newspaper interview released ahead publication tomorrow production mineral coal steel enormous extent time putting huge burden branches industry making uncompetitive said bangemann said steel coal industries longer capable competitive continued state subsidies would save would lives years said refused continue way done past said several steel firms announced plans reduce citing weak prices lower exports due strength mark tough foreign competition bangemann said everything possible would done find new jobs workers affected cuts reuter
hong kong banks raise prime one half point pct hongkong shanghai banking corp standard chartered bank raised prime rate one half point pct effective tuesday association banks said association said statement deposit rates also increased percentage point banks last announced adjustment february raised prime rate one point six pct deposit interest rates savings hours two pct seven day call one week two weeks pct one month two months pct three six months pct nine months pct months four pct reuter
mines corp th qtr loss shr loss cts vs loss one ct net loss vs loss revs vs year shr loss cts vs loss ten cts net loss vs loss revs mln vs note loss included one time loss dlrs write certain silver oil gas interests reuter
oil tax break u house house said energy secretary james herrington plan restore old tax break oil companies bad tax energy policy rep pete california democrat senior house ways means committee member said herrington plan pct depletion allowance effect special pct tax deduction would cost seven billion dlrs year must last two years federal tax reform soundly van said said statement oil industry already pays effective lower rate u tax investment pct versus aggregate corporate tax investment pct according recent congressional research service study reuter
rio coffee trade pact quota cut failure talks introduce new coffee export quotas within international coffee agreement ica alternative brazil sharply reduced quota proposed president rio de janeiro coffee trade association carlos said told reuters proposals reduce brazil quota pct world share pct present unacceptable country large stocks good harvest expected brazil capacity export mln bags year added said assuming mln bag global ica quota brazil share proposals would mln bags soluble would accounted mln leaving mln bags green coffee export talks broke brazil better quota reduction added brazil exported mln bags soluble green coffee including two mln bags non members severe drought marketing problems cut exports last year mln bags estimated stocks january mln bags mln already sold export harvest year around mln bags added latest brazilian coffee institute estimate last year harvest mln bags although many traders believe higher reuter
medical inc nd qtr jan net shr two cts vs eight cts net vs revs vs six mths shr two cts vs cts net vs revs vs reuter
usair u rejects twa twa takeover bid usair group inc said board rejected trans world airlines inc offer acquire usair dlrs per share cash grossly adequate best interests usair shareholders employees passengers company said unsolicited bid carl c icahn led twa highly conditional usair said board piedmont aviation inc pie met separately yesterday consider usair offer acquire pct piedmont dlrs per share remaining shares common shares valued dlrs per share based average closing price usair common period merger company said continuing talks piedmont arriving definitive merger agreement two companies hope reach one shortly usair said light highly conditional nature terms twa offer timing offer circumstances made usair group believes purpose twa offer interfere usair group proposed acquisition piedmont twa proposal nothing attempt carl icahn disrupt eleventh hour usair group acquisition piedmont transaction usair group board views beneficial usair group shareholders employees passengers mr icahn obviously regards contrary personal interests usair said board authorized counsel explore appropriate legal called twa last minute attempt interfere usair group acquisition piedmont company said conditions twa offer include twa obtaining financing usair board defensive rights issued shareholders last year acting fair price provision contained usair charter twa offer transportation department approval reuter
taiwan steel firm sees lower exports output state owned china steel corp said steel exports drop tonnes year ending june production company taiwan largest steel maker expected rise mln tonnes mln spokesman told reuters attributed export decline rise taiwan dollar eroded competitiveness company products south korea spokesman said company expansion project calls boost production mln tonnes year current level project costing billion taiwan dlrs completed april two months ahead targetted date said spokesman said company exports products japan southeast asia hong kong u middle east africa reuter
iranian oil minister uae talks iranian oil minister gholamreza aqazadeh united arab emirates uae discuss oil prices general market situation iranian officials accompanying said meet uae president sheikh bin al oil minister said al oteiba aqazadeh arrived last night brief riyadh met saudi arabia oil minister hisham official saudi press agency quoted saying talks riyadh constructive good aqazadeh said organisation petroleum exporting countries opec members agreed holding production stable reiterated importance maintaining oil prices opec members agreed december limit production mln barrels per day first half year benchmark price dlrs barrel february aqazadeh also opec members gabon algeria libya iranian news agency irna quoted saying leaving opec everything possible make oil prices permanently stable reuter
information sciences inc st qtr shr cts vs seven cts net vs revs mln vs mln avg mln vs mln note net includes mln dlr pretax gain settlement dlrs gain securities sale interest expense net investment income mln dlrs dlrs fiscal change european operations method resulted pre tax losses mln dlrs period ended january reuter
pantera acquires restaurants pantera corp said closed agreement acquire ten pizza restaurant locations southeastern colorado said purchase price dlrs paid cash stock reuter
community savings bank qtly dividend qtly div six cts vs six cts prior pay april record april reuter
soviet figures show economy still short targets soviet economy recovered slightly last month poor performance january major industries including oil machinery still short production targets official figures show central statistical board data published weekly yesterday showed industrial output pct first two months period last year however figure january alone showed fall output pct year earlier production targetted increase pct figures showed pct enterprises met supply obligations january february production oil country main export western nations hit mln tonnes january february mln year earlier exceeded target pct economists said reflected huge investments oil sector recent months effort reverse production began november falling world oil prices last year helped cause decline soviet trade west billion roubles billion said labour productivity targets also fulfilled give figures economists said overall data reflected exceptionally bad weather start year quality controls imposed enterprises production machine building sector priority moscow plans economic renewal recovered slightly february still pct lower first two months year compared period figures showed five produced less first two months reuter
dudley taft pursue taft broadcast tfb bid taft broadcasting co vice chairman dudley taft narragansett capital inc said intend pursue effort acquire taft broadcasting despite rejection yesterday dlr per share offer taft broadcasting board dudley taft narragansett joint statement said intend explore alternatives achieve acquisition including talks taft broadcasting said confident taft broadcasting board conclude resolution company current unstable situation quickly possible best interests parties said taft board conclude offer fair taft shareholders taft broadcasting yesterday however said financial advisor goldman sachs co found offer inadequate reuter
energy development completes may buy energy development partners ltd said completed acquisition may energy partners ltd depositary units following approval yesterday may energy unitholders energy development said may petroleum inc general partner may energy distribute energy development units may energy partners units holders may energy units cash others energy development said transaction increases units outstanding mln raises total proved reserves end pct angeles corp general partner energy development reuter
u treasury baker sees expansion continuing treasury secretary james baker said current expansion noted fifth year continue period ahead told house appropriations committee every prospect current expansion continue years beyond baker said interest rates period continued decline policies federal reserve assure ample credit available said administration longer term forecast maintain improve upon progress bringing rate inflation reuter
levon resources gold assays improved levon resources ltd said checked gold assays howard congress british columbia property yielded higher gold grades reported january february said assays zone one averaged ounces gold ton foot section average width feet levon previously reported zone averaged ounces gold ton foot section average width feet levon said checked assays zone two averaged ounces gold ton foot section average width feet levon resources said revised zone two assays compared previously reported averages ounces gold ton foot section average width feet company also said intersected another vein feet west zone two assayed ounces gold ton across width feet reuter
harris lifts builders transport stake harris associates l p chicago investment advisor said raised stake builders transport inc equivalent shares pct total outstanding shares pct filing securities exchange commission harris said bought builders transport common shares feb dlrs share also said bought debentures feb could converted shares harris said dealings builders transport behalf advisory clients also said intention seeking control company reuter
bass group says talks taft tfb group led members wealthy bass family fort worth texas holds pct stake taft broadcasting co said talks taking part move take control company filing securities exchange commission group said discussions taft stockholders company managers directors concerning participation group acquire control company bass group identify people said talks said plans continue evaluating taft involved discussions relating future control direction company group holds taft common shares said members may buy shares taft common stock may decide sell stake friday taft said would negotiate group led vice chairman dudley taft rhode island investment firm offered dlrs share company dudley taft group theta corp also includes narragansett capital corp providence r investment firm seeking take company private leveraged buyout valued billion dlrs besides bass group another major taft shareholder cincinnati ohio financier carl lindner also said talks increasing stake company taking part takeover effort launching one lindner controls shares taft common stock pct total reuter
china calls better trade deal u china called united states remove curbs exports give favourable trading status ease restrictions exports high technology u embassy replied chinese figures showing years trade deficits u last inaccurate said peking would persuade congress change laws limit exports official international business newspaper today published china demands editorial coincide visit u secretary state george shultz extremely important u market reduce restrictions chinese imports provide needed facilities businessmen sides help expand chinese exports editorial said u quickly favourable tariff treatment chinese goods admit china system preference gsp despite easing curbs u technology exports recent years control still extremely strict influences normal trade two countries added paper also printed article china commercial washington embassy said kinds difficulties restrictions preventing bilateral trade full potential named u protectionist behaviour curbs technology transfer date trade legislation reuter
u k average gdp rises pct britain gross domestic product gdp average basis output expenditure income rose pct pct increase year earlier central statistical office cso preliminary figures show fourth quarter gdp rose pct previous quarter pct quarter average estimate index seasonally adjusted based set fourth quarter previous quarter final quarter cso said average gdp estimate index whole pct output measure gdp rose upward revised seasonally adjusted pct fourth quarter output index previous quarter giving pct rise fourth quarter cso figures show income based gdp index fourth quarter rose pct third quarter pct year ago quarter stood respectively expenditure based gdp rose pct fourth quarter third quarter pct quarter cso set expenditure index third quarter final quarter year year rise expenditure gdp pct expenditure index whole set year earlier income gdp year year rise pct three pct year earlier gdp measure rose pct year year pct government usually considers output measure reliable way short term gdp changes based output data production industry partial information rest economy government forecast average measure gdp would rise pct calendar pct budget unveiled tuesday foresaw gdp growth three pct gdp deflator based expenditure market prices rose pct fourth quarter third give pct rise fourth quarter year year deflator rose pct reuter
avon says buy giorgio inc fragrance company mln dlrs
tel offshore trust ups quarterly payout qtly distribution cts vs cts prior qtr payable april record march reuter
exploration ltd six mths jan net shr cts vs cts net vs revs vs reuter
bramalea ltd year net shr cts vs cts net mln vs mln revs mln vs mln avg shrs mln vs mln reuter
put additional margin july cocoa dlr spot charge added new york cocoa futures july delivery contract starting wednesday march coffee sugar cocoa exchange said march delivery trading march making may july two nearby unlimited positions previously march may unlimited margin requirement may july position dlrs dlrs original margin plus dlrs spot fee reuter
nl industries inc nl th qtr dec loss shr loss cts vs profit seven cts net loss mln vs profit sales mln vs mln year shr loss dlrs vs profit cts net loss mln vs profit mln sales mln vs mln note share preferred dividends note july company set dividend series c preferred spin chemical operations unit accounted discontinued operation fourth quarter full year reflect non recurring charges change control company fourth quarter also reflects writeoff mln dlrs goodwill full year includes charge mln dlrs taken second quarter asset revaluation restructuring costs fourth quarter reversion pension plan surplus assets completed fourth quarter full year includes net income mln dlrs dlrs share company also gained mln dlrs four cts share fourth quarter mln dlrs cts share full year adoption accounting rule fourth quarter company also adjusted carrying value non chemicals discontinued operations assets leading charge mln dlrs reuter
ici ici sees growth pharmaceuticals imperial chemical industries plc expects earnings pharmaceuticals operations grow pct world profits within next five years compared current pct chairman elect henderson told financial analysts next five years expect launch one major new product year henderson said also said research development spending business segment increased pct total sales income pct mln sterling ici world fifth largest chemicals firm terms sales recently reported profits mln dlrs billion dlrs sales compared income mln dlrs billion dlrs sales year earlier sales united states totaled three billion dlrs ici executives said addition henderson said overall corporate growth come ici research development activities company intends continue grow acquisition program ici spent one billion dlrs acquisitions largest mln dlr purchase cleveland ohio based inc resins coatings company hanson trust plc ici financial director alan said company borrowing limits level billion sterling billion already used company current plans major acquisition ready move quickly acquisition field need said reuter
corp air rd qtr feb net shr cts vs cts net vs sales mln vs mln nine mths shr dlrs vs cts net vs sales mln vs mln avg shrs mln vs mln reuter
mark iv iv unit begin conrac cax tender mark iv industries inc said plans begin tender offer dlrs share outstanding shares conrac corp cax conn maker control instruments telecommunications products mark iv said owns shares pct conrac outstanding shares offer made mark iv acquisition corp wholly owned subsidiary conditioned minimum number shares tendered company said tender offer conditioned upon among things completion financing arrangements terms conditions offer described documents filed securities exchange commission mailed conrac shareholders soon possible bear stearns co expected act dealer manager offer said conrac spokesman declined comment conrac mln shares outstanding shares closed shares changed hands mark iv n maker products industrial control equipment reuter
dale burdett inc faces damage claim dale burdett inc said faces damages claims totalling dlrs former owners burdett publications inc company said february predecessor development inc acquired burdett publications inc exchange mln common shares burdett publications shares transaction qualified california department corporations result said former burdett publications owners claim damages dale burdett successor one starting january damages measured difference values shares exchanged plus interest february reuter
homes sets initial distribution homes l p said general partners declared initial ct per unit distribution payable may unitholders record march made initial public offering february reuter
bp bp raises north sea butane prices british petroleum co plc said raised posted butane prices dlrs per tonne dlrs fob north sea effective today posted propane prices unchanged dlrs per tonne company said reuter
diagnostic drs makes bid rospatch diagnostic retrieval systems inc said made offer acquire wholly owned unit outstanding shares rospatch corp common stock dlrs share cash mln dlrs drs systems producer said would make transaction cash tender offer less pct rospatch outstanding common stock followed merger rospatch labels high technology wood producer purchase price per share drs said deal subject approval rospatch board tender offer expires march reuter
ccc accepts export bonus dairy cattle morocco commodity credit corporation ccc accepted bonus offer exporter sale head dairy cattle morocco u agriculture department said department said bonus awarded dlrs per head made brown swiss enterprises inc paid form commodities ccc inventories cattle delivery march september department said purchase completes export enhancement program initiative dairy cattle morocco announced april reuter
bean completes acquisition bean publishing ltd said completed acquisition card company cards sales dlrs undisclosed terms company said pct cards sold northeast mid atlantic states bean expects increase sales dlrs year distributing line nationally specializes cards also sells traditional cards reuter
san juan association inc rd qtr shr cts vs cts net vs revs mln vs mln nine months shr cts vs cts net mln vs mln revs mln vs mln note rd qtr nine months include gain dlrs dlrs respectively sale land reuter
ghana cocoa purchases slow ghana cocoa board said purchased tonnes cocoa th week ended march main crop season compared tonnes previous week tonnes th week ended march season cumulative purchases far season stand tonnes ahead tonnes purchased th week last season reuter
silicon valley bancshares sets stock payout silicon valley bancshares said declared five pct stock dividend payable may shareholders record april reuter
snc group expects higher earnings sales snc group inc expects earnings rise dlrs share cts share last year revenues mln dlrs last year mln dlrs president alex taylor said annual meeting snc canada second biggest engineering construction group became country largest manufacturer last year mln dlr acquisition canadian ltd canadian government impact several smaller deals felt fully taylor said defense manufacturing operations account half snc total revenues helping engineering construction taylor said last year snc earned mln dlrs including small extraordinary gain total manufacturing activities generate mln dlrs revenues engineering construction mln dlrs said adding defense products operations major earnings reuter
telephone data systems inc year net oper shr cts vs cts oper net vs revs mln vs mln avg shrs vs note net excludes discontinued operations gain dlrs cts share vs loss dlrs seven cts share net includes charge dlrs repeal investment tax credits company corrects year per share operating net table originally ran march reuter
sell unit corp said agreed sell proprietary school business corp mln dlrs cash mln common shares upon completion proposed transaction pct stock intends hold investment purposes said proprietary school sales totaled mln dlrs accounted less pct total revenue added reuter
arden international th qtr dec net oper shr one ct vs two cts oper net vs revs vs year oper shr four cts vs nine cts oper net vs revs vs avg shrs vs note full name arden international inc
mitsubishi chemical industries ltd year year ended january parent shr yen vs div five yen vs net billion vs billion current billion vs billion operating billion vs billion sales billion vs billion note company forecast current year parent div five yen net seven eight billion current billion sales billion reuter
harmon buy recycling firm cash harmon industries inc said signed letter intent acquire mln dlrs majority stock inc portland oregon based company patents used railroad ties new ties reuter
bonds plus inc monthly payout div cts vs cts prior paid april record march reuter
loss sales drop corp said expects report first loss pct revenue fall year earlier dlrs company earned dlrs last year first quarter reuter
canbra foods sets special five dlr shr payout canbra foods ltd earlier reporting net profit year ago loss said declared special one time dividend five dlrs per common share pay march record march canbra said set special payout allow shareholders participate gain sale unit foods ltd november well company unusually profitable performance canbra earlier reported net earnings mln dlrs excluding mln dlr gain sale compared year ago loss mln dlrs reuter
corp st qtr jan net shr profit three cts vs loss seven cts net profit vs loss revs mln vs mln reuter
corp ray th qtr dec net shr profit cts vs loss dlrs net profit vs loss revs mln vs mln year shr profit dlrs vs loss dlrs net profit vs loss mln revs mln vs mln note th qtr yr includes loss dlrs dlrs respectively reuter
atpc members find ways curb tin exports mine industry officials member states association tin producing countries atpc say found ways limit group exports tonnes year started march according views polled reuter correspondents plan curb exports agreed january aimed cutting world surplus tonnes boosting prices ringgit kilo members seven member kuala lumpur based atpc account pct world tin output atpc plan malaysia allocated export quota tonnes indonesia thailand bolivia zaire nigeria australia said setting export quota however tonnage allocated tonnes roughly equal expected output year comment officials zaire unavailable mine officials malaysia world leading producer said mines allowed operate ensure output limited around tonnes year started march chief mines told reuters excess output tonnes exports one year quota period would kept national stock mine owners malaysia welcomed atpc export curb asked government issue new mining licences applications licences pending said mines department would approve new mining licences six month review production trends showed local mines atpc chairman indonesia mining energy minister subroto pledged country support export curb spokesman state owned tin mining company told reuters would easy indonesia stick export quota tonnes close exports calendar bangkok thai industry minister said thailand would keep tonne quota added would cause local industry hardship current prices insure adherence industry ministry sole tin exporter thailand smelting refining co would encourage bigger stockpiles income tax would permitted said thai mineral resources department expected new tin mines opening year prevent excessive production industry sources said mining industry council president told reuters tin price rose ringgit kilo thai miners would press opening new mines thailand exported tonnes said bolivia said expects export less tin year allocated tonne quota mining minister told reuters la paz bolivia expected export tonnes tin calendar said due tin crisis october workers state mining company comibol produces pct bolivia total exports said risks atpc plan cut exports added confident goals set plan would achieved elaborate mines power steel minister said nigeria would difficulty keeping within atpc quota tonnes metals output declined due poor demand high production costs industry sources told reuters nigeria output less tonnes last year atpc officials said would monitor member countries export figures every three months using customs documents make projections data see quotas likely breached within year long quota period atpc officials said members appeared likely breach quotas would told take remedial measures added member countries unable fulfil quotas extra tonnage would members atpc atpc would produced exported estimated tonnes tin without plan non members brazil china pledged cooperate atpc limit exports tonnes respectively quota period reuter
bell howell completes sale unit bell howell co said completed sale computer output microfilm business com products inc unit privately held industries inc sum deal disclosed unit makes device data directly computer onto microfilm reuter
mergers public offers seen among car dealers automobile dealerships become large multi store operations largest sell billion dlrs year worth vehicles year around auto industry talk mergers among dealerships rumors largest considering offering shares public analysts say retail car sales point transition much table terms thinking ways sell cars says david analyst university michigan transportation research institute retail car market much year things began change says detroit analyst jauppi jauppi associates thirty years ago situation different dealerships sold one kind car ford average dealer employees sold dlrs worth vehicles according national automobile dealers association year car overseas germany volkswagen began gain caused among dealers demanded greater freedom restrictions placed major american says jauppi one visible changes retail car sales size dealerships auto analysts say last year average mln dlrs sales increase employed workers one tell makes six seven mln dlrs year know money says whole lot rich sell cars make cars says increase size large dealers buying dealerships auto analysts see signs trend let donald vice president dealer services j power california based market research firm says people dealerships compared principal owners today many dealers owning several franchises might compete used dealer dealer dealer might handle several lines jauppi says dealers get bigger industry officials talking possibility might become publicly owned open international operations offering shares public option large dealers obviously thinking seriously says although say franchise system might get way public offering jauppi says obstacles trading car dealer shares dealers large enough go public thing manufacturer dealer sells cars could happen time jauppi says look whole merger look scale dealers going hard resist taking public said another analyst jauppi says dealerships expected become international going international dealers dealer networks worldwide says u dealers attracted particularly europe market expand faster u says totally wall says reuter
canada may monitor steel shipments canada may begin monitoring steel flowing country determine steel illegally trans shipped u senior government trade officials said officials asking identified said government investigate industry steel imported countries south korea taiwan diverted u ultimately concerns level canadian exports south border senior officials asking said despite pressure reagan administration ottawa considering kind formal limits canadian shipments u sense hope buying time said one official claimed canadian companies fair traders big american market approved canadian cabinet officials said monitoring system established next three four months find trans shipment problem would something said trade official canadian steel shipments u risen pct u market recent months almost double level two years ago increase canadian shipments comes time growing anger u rising steel imports several countries face decline among domestic steel producers u lawmakers proposed canada share american market limited per cent ontario government urged ottawa require foreign companies obtain permits import steel country currently import licences required carbon raw steel makes less half steel market canada exported two billion canadian dlrs worth steel importing mln dlrs worth product year reuter
lilly industrial coatings inc st qtr feb end shr cts vs cts net vs sales mln vs mln avg shrs vs note share adjusted five pct stock dividend august reuter
inc raises quarterly two cts qtly div cts vs cts prior pay april record march reuter
r e financial corp year shr cts vs cts net mln vs mln revs mln vs mln note per share data reflects elimination shares owned pct owned subsidiary reflect one three reverse stock split effective march reuter
knoll buy american savings shares american savings loan association florida said knoll international holdings inc offered purchase new shares american savings mln dlrs board accepted knoll offer knoll already owns shares pct american savings american savings said purchase resolve previously announced disagreement american savings federal home loan bank atlanta replacement capital american savings used repurchase common shares january former chairman l warner said completion transaction would give knoll pct ownership american savings american savings said knoll also talks chairman executive committee broad chairman morris broad purchase american savings shares well dlrs agreement reached american savings said company said knoll offer buy new shares conditioned purchase common stock person entity said previously announced salomon inc sb evaluate alternatives enhance shareholder values including possible sale american savings still actively pursued reuter
paper board co inc merger approved paper board co inc said shareholders special meeting approved merger inc dlrs per share acquired control recent tender offer reuter
u securities group backs insider restraints securities industry association backed variety restraints insider trading hostile corporate takeovers asked congress define insider trading law industry trade association called u securities firms take steps protect sensitive corporate guard illegal trading employees association also backed broad federal restrictions variety tactics used hostile corporate takeovers said investment banking firms allowed continue engage arbitrage merger acquisition activities long kept separate report adopted yesterday board directors backed higher enforcement budget federal securities exchange commission called u stock exchanges beef member report said securities firms restricting sensitive information need know basis said firms train employees understand need confidentiality market sensitive information said legislation define insider trading avoid expanding current law way would market said insider trading definition exempt securities firm liability law violations employees unless firm aware mergers acquisitions area association advocated ban greenmail payments poison pill takeover protection plans without prior shareholder approval said group individual buying company stock required file public disclosure statement acquiring five pct company shares current law disclosure may made late ten days exceeding five pct limit association said purchases exceeding pct company voting stock made tender offer open shareholders current law limit open market purchases group said federal government state regulation defensive takeover tactics group said tender offers remain open least calendar days current requirement expressed business days said called devices securities issued friendly investor seal takeover deal fend limited pct target company total common stock association president edward brien said group acted concern ad hoc restructuring corporate america wall street investor fears insider trading fairness marketplace reuter
du pont dd sell cleveland plant du pont co said agreed sell cleveland chemical plant site currently operated company two employees terms disclosed closing expected second quarter following approval definitive agreements products made plant represent less one pct du pont annual sales said agents supplied plant du pont contract established plant acquired du pont plant longer fits company long term strategy du pont said reuter
westpac n z raises indicator lending rate westpac banking corp new zealand said increase indicator lending rate percentage points pct april westpac said statement increase reflects high costs funding bank said nervousness wholesale deposit market creating uncertainty immediate outlook interest rates liquidity expected remain tight next month put upward pressure interest rates base lending indicator rates three trading banks range pct pct reuter
louisiana pacific buy plant louisiana pacific corp said reached non binding agreement principle buy plant seattle purchase price details agreement disclosed reuter
arkansas best corp declares qtly dividend qtly div nine cts vs nine cts prior pay april record march reuter
corp th qtr loss shr loss cts vs profit cts net loss vs profit revs vs year shr profit cts vs profit cts net profit vs profit revs mln vs mln note includes income tax credits dlrs mln dlrs respectively dlrs qtr current qtr tax provision dlrs reuter
royal bank canada st qtr shr cts vs dlrs
monfort colorado inc nd qtr shr dlrs vs dlrs
jefferies makes market cyclops cyl jefferies co said making market stock cyclops corp cyclops received sweetened offer dlrs per share cyacq acquisition corp led audio video affiliates inc ava reuter
ec commissioner welcomes cocoa accord new international cocoa agreement lead stabilisation prices benefitting producer countries promoting international economic relations european community development commissioner said said statement welcoming agreement buffer stock rules reached last week london resulted large part initiatives taken ec commission consumers producers reached deadlock initial negotiations reuter
australian offer san miguel shares diversified investment company ariadne australia ltd offered billion pesos mln shares philippine brewing firm san miguel manila newspaper reported sunday times quoted letter sent yesterday president corazon aquino ariadne chairman new bruce judge offering cash equivalent five pct nation yearly budget buy shares government presidential office ariadne representatives manila available comment report shares entire block seized government united coconut planters bank ucpb suspicion real owner eduardo cojuangco former chairman san miguel ucpb close associate president ferdinand marcos mln shares consist mln class stock mln class b shares government officials said earlier valuable class shares would sold foreigners offer values share pesos price philippine social security system suggested might buy eight mln class shares last week judge offer billion pesos five pct philippines yearly budget ariadne philippine agent quoted telling reporters yesterday mr judge objective investment make corporation management expertise available san miguel company assets fully san miguel country largest brewer also one major manufacturers grocery lines quoted saying san miguel could tap food liquor distribution lines australia britain u new zealand hong kong barwon ltd listed australian firm pct equity ariadne one billion dlrs assets turnover two billion interests also mining real estate agricultural products reuter
bank england pressure rate cut bank england fought money bond market pressure pre budget interest rate cut leaving pound take strain rise trade weighted index six month high closed best level since september pct value index foreign investors continued buy currency offers high relative returns possibility short term capital gains dealers said meanwhile opinion divided whether bank stop cut budget day march want bank latest strong signal market wants rates stay steady moment came lent discount houses rate pct relieve money market shortage really making discount houses suffer said stephen lewis economist brokerage house phillips drew eleven three quarters pct way money market rates money market signal apparently accompanied sterling sales foreign exchanges talk strong rises yesterday tuesday buyers came strongly pound pound surged high dlrs london close previous finish marks pressure possibility rates could drop budget said hale economist finance house goldman sachs international corp gilt traders forecasting half point cut base rate current pct early tomorrow however analysts said bank england need convinced present rise fundamental rating rather result short term speculative gains valid reasons bank cautious said peter u k economist brokers james capel co markets become highly optimistic chances conservative party victory early general election disappointment prime minister margaret thatcher decides hold back could lead decline pound setback bonds said election could delayed mid forecasts say year others note pound could yet prove vulnerable oil price losses change fortune dollar however analysts agree bank largely trying set timing cut holding one authorities traditionally prefer single sustainable rate move one way half points add bank influenced signs least proportion latest sterling buying long term capital coming london market notably japan argue pound perceived dollar given recent sharp falls current political washington bank may want see another points trade weighted index budget argued lewis sterling firm enough satisfy even bank england added bank declined comment reasons resisting pressure rate move budget banking sources said authorities see recent rise sterling foreign exchange traders meanwhile analysts noted market ignored potentially harmful news trade front today figures showing current account deficit billion stg previous estimates current account deficit compares surplus billion stg said normal conditions would given bond currency markets bullish worry fundamentals game timing cut clearing banks divided well markets privately bank officials forecast bank hold least week least one bank says rise possible tomorrow move comes march forecasts half point cut another half full point budget day reuter
new york business loans fall mln dlrs commercial industrial loans books major new york banks excluding acceptances fell mln dlrs billion week ended february federal reserve bank new york said including acceptances loans declined mln dlrs billion commercial paper outstanding nationally dropped mln dlrs billion national business loan data scheduled released friday reuter
hanson han sell bond delivery service hanson industries u arm hanson trust plc said contracts exchanged london sale bond delivery service holdings plc mln dlrs cash completion subject shareholder approval recent financial year bond purchased hanson trust plc acquisition imperial group plc april made dlrs pre tax profit sales mln dlrs net tangible assets mln dlrs hanson said reuter
insituform raises stake unit insituform group ltd channel islands said exercised option convert stg loan affiliate insituform ltd common shares raising stake unit pct pct remainder held management investment group insituform also said james resigned board health reasons secretary scott resigned effective june five reuter
advanced technology th qtr loss shr loss two cts vs loss two cts net loss vs loss rev vs avg shares vs year shr loss five cts vs loss five cts net loss vs loss rev vs avg shares vs note company full name advanced technology systems inc unit helm resources h net loss includes loss discontinued operations dlrs reuter
sosnoff starts bid caesars world caw mts acquisition corp company formed martin sosnoff said started tender offer shares caesars world inc dlrs newspaper advertisement mts said offer withdrawal rights expire april three unless extended sosnoff new york investor already owns four mln caesars mln shares outstanding pct caesars largest shareholder caesars owns casino hotels nevada resorts pennsylvania mountains also controls caesars new jersey inc owns atlantic city n j casino hotel second quarter ended january caesars world earned mln dlrs revenues mln dlrs earnings dlrs revenues mln dlrs year fiscal company earned mln dlrs revenues mln dlrs mts said offer conditioned receipt least enough shares give sosnoff majority interest fully diluted basis arrangement sufficient financing buy caesars shares already owned pay related costs approval new jersey casino control commission nevada gaming commission state gaming control board mts said marine midland banks inc mm committed lend mln dlrs acquisition use best efforts syndicate another mln dlrs senior financing transaction said financial adviser painewebber group inc pwj stated writing subject market conditions highly confident arrange commitments mln dlrs financing mts said expect problems obtaining new jersey nevada regulatory approval acquisition since ownership caesars stake already cleared june sosnoff requested seat caesars world board request yet granted september sosnoff chairman sosnoff capital corp filed clearance u antitrust laws raise interest caesars world pct sosnoff said letter caesars world chairman chief executive officer henry gluck decision go directly shareholders made urging may financial legal advisors repeatedly stressed lack management past sosnoff said made numerous efforts express views management ways shareholder values said caesars refused request board seat advisers felt given advance notice would used time throw obstacles offer rather giving serious consideration said sosnoff said hopes caesars world management willing negotiate acquisition agreement indicated publicly past believe operating management company performed well appropriate consideration given significant equity interest company following acquisition sosnoff said letter gluck mts said sosnoff asked company fix march record date determination shareholders entitled authorize action without meeting including election removal directors reuter
magnetic technologies corp st half net jan end shr given net profit vs loss sales vs reuter
french household consumption falls february french household consumption industrial goods fell pct seasonally adjusted billion francs last month billion january national statistics institute insee said brought consumption back december level added insee said fall due sharp decline purchases clothing high january due cold weather decline partly compensated small rise purchases durable goods reuter
armtek arm sells tire truck tire business armtek corp formerly known armstrong rubber co said signed agreements condere corp sale miss tire plant truck tire sales services corp terms disclosed armtek spokesman john said mln dlr business earlier week armtek announced sale industrial tire assembly business division corp ariz cash proceeds sales used reduce outstanding debt long term supply agreement condere anticipated truck tires produced plant supplied armstrong tire co armtek operating company company said closing scheduled concluded march said reuter
qintex extends princeville pvdc offer qintex america ltd said extending offer dlrs share mln princeville development corp shares today yesterday reported yesterday qintex said seven mln princeville shares tendered response offer qintex said extending offer allow princeville comply federal law restricting ownership u airlines non u citizens finalize terms conditions letter credit bank guarantee required previously announced acquisition agreement reuter
old stone completes acquisition old stone corp said completed previously announced acquisition first federal savings bank north carolina n c savings bank common stock final purchase price expected seven mln mln dlrs based exchange common stock valued times book value first federal march closing date company said february first federal mln dlrs assets mln dlrs deposits old stone rhode island based financial services company assets billion dlrs reuter
cooper says offer must include class shares cooper canada ltd said told expressed interest acquiring control company would entertain offer unless made holders class non voting shares voting common reuter
australia feb current account deficit mln dlrs vs jan billion official
first union func acquisition advances first union corp said shareholders first north port bancorp fla approved merger first union dlrs per share dlrs company said acquisition still subject regulatory approvals expected completed second quarter reuter
usda orange juice yield estimate u agriculture department projected average yield gallons frozen concentrated orange juice per box degree equivalent florida crop compares gallons per box previously gallons per box crop crop reporting board said estimates season based maturity yields tests march reuter
uganda disappointed coffee talks failure uganda africa second largest coffee producer disappointed recent coffee talks london chairman state run coffee marketing board cmb said good coffee producers situation prices dropped pounds per tonne robusta coffee j said returned london friday producers consumers failed agree quota formula share world coffee production international coffee organisation ico talks ended last week blamed failure set quotas suspended last year indonesian demands quota increased dramatically uganda earns mln dlrs annually coffee exports pct foreign exchange earnings sought raise ico quota mln mln kilo bags according sources close cmb cmb estimated production rise pct current october september season three mln bags several years uganda unable meet ico export quota activity disrupted coffee industry ugandan government depends coffee export duties pct sales tax revenue industry employs half salaried manpower dar es salaam tanzania agriculture livestock development minister paul said today third world countries would suffer failure london coffee talks benefit said called ico another meeting within two months saying delegations time report back headquarters common sense reuter
dutch january industrial production rises pct industrial production rose pct seasonally adjusted basis january compared december rising pct january last year central bureau statistics figures show december industrial production fell pct november rising pct compared december industrial production index base stood january compared downward revised december initially put january last year index stood december reuter
wickes wix plans reverse split calls debt wickes cos inc said board authorized one five reverse stock split plans call company pct senior debentures due company said seek shareholder approval reverse stock split annual shareholders meeting scheduled june january wickes mln shares outstanding company also said wickes also said call debentures dec assuming market conditions remain essentially reuter
italian treasury cuts interest certificates italian treasury said annual coupon rates payable march two issues long term treasury certificates would cut four percentage points compared rates march coupon rates year certificates maturing march fall pct pct rates year issues maturing march would fall pct pct treasury also cut point six monthly payable september six issues maturing september september issues carry terms five seven years coupon rates pct september compared pct march reuter
currency exchange loss malaysia debt exchange loss billion ringgit pushed malaysia outstanding external debt billion ringgit billion central bank said annual report bank negara said although malaysia net borrowing dropped external debt rose due pct appreciation basket currencies ringgit pegged basket comprises principally u dollar yen mark swiss franc french franc sterling guilder canadian singapore dollars added bank negara said growth external debt declined peak pct pct rose pct malaysia debt serving ratio pct exports within limit pct bank negara governor hussein told reporters reuter
u k money market given mln stg late help bank england said provided money market around mln stg late assistance takes bank total help today mln stg compares estimate mln stg shortage reuter
peoples bancorporation quarterly dividend qtly div cts vs cts pay april record march reuter
magnetic technologies sees improvement magnetic technologies corp said expects second half show continued growth earnings sales company today reported profit first half ended january dlrs compared year earlier loss dlrs sales dlrs dlrs last year magnetic earned dlrs loss discontinued operations dlrs sales dlrs reuter
c c dealer extends bid canadian tire c c dealer holdings ltd said extended previously announced offer pct canadian tire corp ltd midnight march ctc group canadian tire dealers already owns pct canadian tire currently appealing ontario court previously announced ontario securities commission ruling blocking ctc mln dlr bid blocked bid include non voting shareholders hold pct canadian tire equity reuter
trade friction threatens nakasone prime minister yasuhiro nakasone may political blow yen renewed rapid rise threat trade war united states political analysts said nakasone already fire tax reform plan may forced resign june economic summit seven industrialised nations local elections later next month go candidates ruling liberal democratic party ldp said close relationship nakasone president reagan important element nakasone power base university political science professor told reuters u criticism damages nakasone even latest trade friction nakasone criticism opposition parties also within ldp proposal levy sales tax many within ldp nakasone said position within ldp strongly established today nakasone popular general public many ldp members seeing public support eroded analysts said yen rise record highs u threat friday impose tariffs japanese electronics goods retaliation japan alleged violation microchip trade pact giving nakasone critics fresh analysts said apparently special relationship reagan nakasone worked effectively director institute political studies japan said making japanese people doubt nakasone credibility told reuters cumulative impact sales tax issue yen rise mounting trade friction could mean serious ldp losses april local elections analysts said elections go ldp nakasone may resign early said nakasone still chance u week long washington visit april analysts said however unless japanese political system move quickly give nakasone nice present take washington trade issues face hostile said merrill lynch securities economist william sterling trip major disaster would seem put final coffin said reagan weakened domestic position growing republican well democratic anger japan argue quick settlement trade dispute analysts said desire sides find solution coupled uncertainty home abroad likely nakasone could still lead attempt paper differences aid nakasone said one factor trade war may washington anxious push nakasone sterling said reuter
renouf extends benequity holdings offer renouf corp international said extended expiration offer pay dlrs unit buy outstanding units benequity holdings california limited partnership march march march renouf said units tendered renouf pointed exceeds minimum number sought offer statement gave reason benequity mln units outstanding reuter
healthvest declares three week dividend healthvest said board declared dividend final three weeks march quarter cts payable april holders april previously special interim dividend cts january march connection recently completed offering combined dividend totals cts march quarter increase prior quarter dividend cts reuter
intelligent systems sets initial payout intelligent systems master limited partnership said board declared initial quarterly dividend cts per unit payable april holders record march partnership formed year end conversion intelligent systems corp corporate form said board approved principle quarterly dividend cts per quarter calendar said part restructuring may sell assets year unitholders receiving either cash sale stock acquiring company reuter
republic savings loan sets dividend qtly div cts vs cts prior pay april record april note company full name republic savings loan association wisconsin reuter
pemex lowers february far east crude oil prices mexican state oil company petroleos mexicanos pemex said far east customers would charged dlrs per barrel crude february dlrs heavier pemex said cts less january cts less january far east customers primarily japan buys average barrels per day pay retroactively european u clients charged per delivery reuter
japan warns anti u sentiment trade row japan sending three man team washington try halt threatened trade sanctions officials warn could spark wave anti u sentiment team lay groundwork high level emergency talks next week aimed increasingly bitter row trade computer microchips officials said sanctions free trade system ministry international trade industry miti director general told reporters adding measures taken atmosphere japan united states would become good officials u action significant impact growing anti u feeling another miti official said senior foreign ministry official declined identified told reuters u threats undercut government argue strong argument japan since united states imposing tariffs anything said anything senior official sounded pessimistic likelihood prime minister yasuhiro nakasone u anger japanese trade practices visits washington april think trade friction solved sudden visit said nakasone widely expected present package measures president reagan help contain u frustration japan large trade surplus senior official played expectations reuter
kay corp kay th qtr net oper shr cts vs dlrs oper net vs revs mln vs mln year oper shr dlrs vs dlrs oper net vs revs mln vs mln note oper net excludes results kay inc former subsidiary dec company distributed remaining pct interest subsidiary kay corp holders amts restated connection company distribution investment kay inc th qtr yr oper net excludes dlrs dlrs per share dlrs dlrs per share respectively equity net income spun unit th qtr yr oper net excludes dlrs dlrs per share dlrs dlrs per share respectively equity net earnings spun unit oper net also excludes cts per share adoption new pension accounting rules cts per share gain assets sales reuter
corp sets stock split ups cash payout pct
echo bay nevada gold discovery echo bay mines ltd said discovered gold deposit cove area near mccoy gold mine nevada echo bay said encountered gold drill holes cove said seven holes averaged ounce gold short ton ounces silver seven intersections averaging feet feet discovery mccoy property one mile northeast mccoy open pit leach gold mine expected produce ounces gold year echo bay said reuter
koninklijke net profit mln guilders vs mln turnover billion guilders vs earnings per share guilders vs capital expanded pct mln outstanding shares proposed dividend per share guilders vs note full company name koninklijke nv reuter
north american sees record fourth qtr north american holding corp said expects record fourth quarter earnings sales exceed mln dlrs fourth quarter ended march company reported net income dlrs sales mln dlrs also said expects revenues year exceed mln dlrs fiscal north american reported net loss dlrs sales mln dlrs reuter
australian reserve bank buying intervention reserve bank said local time offering buy short dated government securities short term money market bank action followed purchase short dated government stock six day repurchase agreements earlier session money market traders said move aimed easing cash market interest rates risen demand funds meet tax treasury note settlement commitments reuter
oak industries oak buy rexnord rex unit oak industries said signed definitive agreement buy stock rexnord inc railway maintenance equipment co unit undisclosed sum company said railway maintenance revenues mln dlrs oak said acquisition part two tier strategy buying unrelated businesses oak tax loss carryforward mln dlrs end reuter
westinghouse interested merger radio unit westinghouse electric corp wx said still open merger radio operations general co ge nbc radio operations left door open ge merger westinghouse chairman douglas danforth told reuters conclusion meeting analysts danforth said continues see value merger westinghouse radio operation nbc discussions nbc merger two companies radio units suspended december danforth reaffirmed westinghouse interested acquisitions saying company toward acquisitions mln mln dlr range said however larger acquisitions possible right fit danforth earlier today said expects earnings growth double range said comfortable analysts predictions dlrs dlrs share year company earned dlrs share said company targeted waste energy systems hazardous waste removal emerging growth areas company reuter
iranian oil minister due algeria friday iranian oil minister gholamreza aqazadeh expected friday talks algerian counterpart official algerian news agency aps said today aqazadeh accompanied large delegation talks bilateral relations field energy exchange views algerian officials current world energy situation said reuter
fhlbb changes short term discount note rates federal home loan bank board adjusted rates short term discount notes follows maturity new rate old rate maturity days pct pct days days pct pct days days pct pct days days pct pct days reuter
commerzbank sees lower operating profit year commerzbank ag cbkg f management board chairman walter seipp said present bank must expect full operating profit lower first two months year partial operating profit excluding trading bank account declined said without giving details interest surplus fell pct compared results commission surplus quiet stock exchange business fell back still strongly contrast personnel fixed asset expenses increased german banks report full operating profit seipp said last year figure first time topped one billion marks parent bank group result around pct higher commenting seipp said able raise full operating profit slightly record result account profits increased slightly gave concrete details added january february good account trading profits meant drop full operating earnings modest partial operating figure bank would result profit oriented future developing example investment banking keeping tight personnel costs expenditures fixed assets turning results seipp said year end strong growth business volume year business volume rose pct billion marks compared seipp added group balance sheet volume rose pct billion would around five billion marks higher still currency remained unchanged parent bank interest surplus rose nine pct year interest margin held roughly pct despite pressure credit rates surplus commission business soared quarter rose pct last year thanks almost exclusively growth securities commissions seipp said personnel expenditure pct last year billion marks fixed asset expenditure rose pct mln result parent bank partial operating profit rose pct mln marks parent bank tax payment rose mln marks last year mln seipp said extraordinary earnings included high two figure million profit sale bank aeg ag f shares ag f latter majority stake purchase booked last year ability bank write credit business profits securities trading earnings sale stakes prior years full extent numerous home far largest part provisions set aside individual write downs domestic business abroad circle problem debtor countries rose last year although ratio credit exposure provisions improved seipp said half group exposure problem nations dollars bank dollars individual provisions held primarily marks means open currency positions exist longer amount provision made actual default added despite increase concern debtor nations last weeks said international banking community better armed payment problems banks significantly strengthened capital base european banks made considerable provisions bad debts central banks better prepared difficulties described debt equity swaps interesting new approach indebted nations problems lot interest direct investment via equity participation latin america particularly west german firms reuter
generale de banque heller buy unit generale de banque sa br heller overseas corp chicago taken pct stakes company sa factors generale de banque said statement gave financial details transaction sa factors turnover billion belgian francs reuter
saudi february crude output put mln bpd saudi crude oil output last month fell average mln barrels per day bpd mln bpd january gulf oil sources said said exports terminals gulf fell average mln bpd last month mln january lower liftings customers drop much smaller expected gulf exports rallied fourth week february mln bpd mln third week sources said production figures include neutral zone output sales floating storage generally considered part country output opec purposes saudi arabia opec quota mln bpd production restraint scheme approved nation group last december back new official oil prices averaging dlrs barrel sources said two jump exports last week appeared result buyers lift february month end last week high export levels appeared show continued support official opec prices saudi arabia main crude customers four ex partners aramco sources said four exxon corp xon mobil corp mob texaco inc tx chevron corp chv signed long term agreement last month buy saudi crude dlrs barrel however sources said real test saudi arabia ability sell crude official prices weak market come month demand petroleum products traditionally spot prices fallen recent weeks one dlr opec levels saudi arabian oil minister hisham nazer yesterday reiterated kingdom commitment december opec accord said would never sell official prices sources said total saudi refinery throughput fell slightly february average mln bpd mln january cuts export refineries put crude oil exports bpd last month compared zero january throughput bahrain refinery neutral zone production remained steady around bpd reuter
coffee price fall short term dutch roasters morning sharp decline coffee prices following breakdown late last night negotiations london reintroduce international coffee organization ico quotas short lived dutch roasters said fall technical reaction failure agree reintroduction ico export quotas long reality prices rise spokesman one major dutch roasters said fact ample supplies coffee available present shortage quality said average prices fell around cents lb following news breakdown expect move back around cents within weeks roaster added dutch coffee roasters association secretary jan de said although roasters disappointed failure consumer producer ico representatives agree quota reintroduction equally important quotas equitable basis absolute need quotas moment market well balanced must lose opportunity renegotiate coffee agreement said still lot work done number clauses international coffee agreement would welcome quota reintroduction complete renegotiation de added mind dutch roasters claiming fairly good forward cover buying strategy foreseeable future would probably buy coffee hand mouth basis sliding scale market prices cents lb roasters said reuter
china foreign reserves exceed billion dlrs china foreign exchange reserves billion dlrs enough cover import payments three four months vice premier tian said told news conference china also considerable reserves gold gave figure last published figure foreign exchange reserves billion dlrs end september billion end june billion end september reuter
corp regular stock dividend qtly div five pct stock vs five pct stock pay april record april six reuter
fairchild industries inc th qtr loss oper shr loss cts vs oper loss eight cts oper net loss vs profit rev mln vs mln year oper shr loss cts vs loss cts oper net profit vs loss rev mln vs mln note per share results provision dividends fourth qtr earnings exclude loss discontinued operations mln dlrs dlrs share loss mln dlrs dlrs share tax reverse versus gain discontinued operations mln dlrs cts share th qtr oper earnings excludes loss discontinued operations mln dlrs dlrs share versus loss mln dlrs dlrs share reuter
sugar beet area little changed hungary grow sugar beet hectares land year compared official mti news agency said diplomats said reflected hungary policy keeping sugar beet area stable current five year plan producing enough cover domestic demand despite recent rise world prices month highs drought cut harvest mln tonnes mln record yield kilos per tonne beet kept production tonnes extra refined yugoslavia beet output reuter
northeast eastern thailand face severe drought provinces mainly northeast eastern thailand suffering worse average drought since mid february dry spell expected last early may deputy interior minister said told reporters government launching drought relief operation mainly involving use water trucks send water affected farming areas say crops damaged northeast thailand said large eastern province suffered heavy losses minister said affected areas include eight provinces northeast two eastern thailand three rubber growing provinces south near malaysian border reuter
renouf pct benequity units renouf corp international said owns pct benequity holdings california limited partnership renouf said accepted payment units benequity holdings tendered response dlrs per unit offer along units already held renouf owns pct units outstanding reuter
national royalty corp th qtr loss shr loss cts vs loss cts net loss vs loss revs vs avg shrs mln vs mln year shr loss cts vs loss cts net loss vs loss revs vs avg shrs mln vs mln reuter
fitzwater says reagan strongly tax hike white house spokesman marlin fitzwater said president reagan record opposing tax hikes long strong change opposed tax increases fight tax increases deal politically every forum possible said fitzwater questioned whether change administration position fitzwater said reagan strong tax hike included opposition oil import fee president position opposed said reuter
national fuel gas sets split higher payout national fuel gas co said board approved two one stock split consider increased cash dividend june meeting company also said management recommend june board meeting increase cts per share current annual dividend rate dlrs share raising dlrs per share dlrs share split national fuel gas said split paid holders record may spokeswoman said distribution date split determined company said split subject approval securities exchange commission public utility holding act company shares outstanding reuter
permian raises crude prices permian corp said effective march raised posted prices crude oil cts barrel raise brought posted prices west texas intermediate cts dlrs barrel west texas sour also raised cts dlrs barrel permian spokesman said south louisiana sweet posted prices also raised cts barrel dlrs reuter
herrington says may call oil tax benefits energy secretary john herrington said may recommend white house domestic oil industry given tax benefits help produce oil head increasing u dependence foreign oil said also news conference would recommend white house fill rate strategic petroleum reserve increased planned barrels per day oil reserve fill rate capacity barrels day herrington said always advocated greater fill rate petroleum reserve rate kept budgetary constraints herrington disclose tax incentives might advocate u officials shown interest tax benefits oil gas exploration research development new ways extract oil considered produce made remarks conjunction release energy department study oil impact national security herrington said disclosed recommendations tax benefits oil gas industry might make would raise matter white house economic policy committee see proposals increase oil production made good tax policy said would like increase u production one mln barrels day report said end century united states may relying foreign sources pct oil consumption posing serious economic national security threat reuter
u k money market shortage forecast mln stg bank england said forecast liquidity shortage around mln stg market today among main factors bank said bills maturing official hands treasury bill take would drain mln stg system target bankers balances rise note circulation would take mln mln stg respectively partially offsetting exchequer transactions would add around mln stg bank added reuter
mellon bank expects report first quarter loss mln mln dlrs
cie financiere de paribas pari pa year parent company net profit mln francs vs mln dividend five francs vs comparison note financial banking group privatised government january year reuter
nationwide property casualty loss nationwide mutual insurance co said property casualty companies net loss mln dlrs last year life insurance operations earned mln dlrs nationwide said property casualty group fourth largest u property casualty insurer mln dlr loss nationwide life insurance co earned mln dlrs last year profit including record capital gains mln dlrs gains mln dlrs previous year company said property casualty group record loss insurance operations last year mln dlrs dividends pct mln dlrs nationwide said surge claims personal auto insurance volatile commercial liability period unprecedented sales growth generated loss company said mln dlrs last year group losses came commercial insurance lines mln dlrs personal auto insurance business partially offsetting record insurance losses nationwide said record investment gains mln dlrs mln dlr federal tax credit investment gains pct gains mln dlrs reuter
fabrics inc cis nd qtr net shr cts vs cts net vs revs mln vs mln six mths shr cts vs cts net vs revs mln vs mln reuter
oversea chinese banking corp ltd si year shr cts vs cts fin div cts gross vs cts group net mln dlrs vs mln note fin div pay june record may reuter
radio electronics inc th qtr shr profit cts vs profit four cts annual div cts vs cts prior yr net profit vs profit revs vs mths shr profit cts vs loss cts net profit vs loss revs mln vs note annual dividend payable april stockholders record march reuter
international inc makes international ventures inc said completed previously announced acquisition personal computer rental corp restricted common shares giving former shareholders personal computer pct interest combined company reuter
manufacturers hanover mhc raises prime rate manufacturers hanover trust co became third major u bank increase prime rate pct move initiated yesterday citibank chase manhattan bank main subsidiary manufacturers hanover corp said new rate effective today reuter
italy ferruzzi takes spanish mill italy ferruzzi spa taken pct stake spanish sunflower seed cotton mill agricola del sa sources said italian firm spanish subsidiary ferruzzi sa took majority equity stake remaining pct retained ferruzzi plans set sugar division import tonnes industrial sugar french factories first year operation processing capacity tonnes day sunflower seeds tonnes day raw cotton reuter
coffee talks failure seen pressuring u failure talks establishing international coffee organization ico coffee quotas last week may put political pressure united states particularly state department reassess position u unlikely back away basic demand quotas set objective criteria u officials said rosenbaum assistant u trade representative head washington delegation talks told reuters return london united states willing resume coffee negotiations early april necessary rosenbaum said united states flexible discussing method establishing objective criteria transition new quotas basic aim establishing objective method setting quotas ico talks major consuming nations led u proposed future coffee export quota shares calculated formula producer recent exportable production verified stocks large producers led brazil proposed maintaining traditional ad hoc division shares consumer position would effect reduced market share brazil far world largest producer rosenbaum said administration would continue support legislation congress would allow u customs service monitor coffee imports way comply future coffee quotas said reagan administration would reviewing coffee policy situation following collapse london talks nobody proposing change position however u government officials involved coffee policy said diplomatic coffee market producer countries led brazil colombia consumer position knowing next crop fairly large brazil kind want test resolve producers consumers said one u official u official asked identified said brazil colombia may flood coffee market next months effort drive prices pressure countries particularly splinter group small producers differed major producers london turn could lead urgent appeals latin american countries faced mounting debt problems u state department national security council white house easing u position u officials said state department major player setting u coffee policy may face conflicting pressures particularly politically sensitive u allies central america u officials said el salvador guatemala backed brazil colombia london talks resisting pressures quotas based objective criteria dominican republic costa rica joined splinter group said would agree objective criteria strong feeling among state department united states continue support splinter group producers taken politically risky step opposing brazil objective criteria question u officials said within consuming countries also expected pressure reassess positions london u supported u k netherlands west germany japan australia new zealand issue objective criteria u officials said bloc represented enough votes among consuming nations successfully prevent adoption producer proposals however u sources said west germany support times qualified concern european community could come pressure producers future talks france backed ivory coast african producers talks ec stance would make difficult although impossible u block producer plans political small producers consuming countries important u officials said key future outcome brazil position u officials blamed brazil failure talks said flexible position brasilia would important step toward agreement reuter
alfa ab st year group profit financial income expenses mln crowns vs mln sales billion crowns vs billion profit per share full taxes crowns vs crowns proposed dividend crowns vs crowns reuter
marion labs votes split dividend hike marion laboratories inc said board declared two one common stock split form dividend distribution april record march board also said intends increase regular quarterly dividend pct five cts share reflecting split said increase declared may board meeting reflected regular payments beginning july reuter
jordan sudan sign mln dlr barter trade pact jordan sudan signed barter trade agreement exchange mln dlrs worth goods year officials said said sudan export corn jordan export cement chemicals pharmaceuticals reuter
gelco corp gel nd qtr jan net shr cts vs cts net vs revs mln vs mln avg shrs mln vs mln six mths shr cts vs net vs revs mln vs mln avg shrs mln vs mln note fiscal second quarter first half earnings include gain mln dlrs exclude preferred dividend requirements five mln dlrs quarter mln dlrs first half fiscal net reduced currency losses equal six cts share second quarter equal nine cts six months reuter
singapore money supply pct december singapore money supply rose pct december billion dlrs pct increase november monetary authority singapore mas said growth calendar pct compared pct growth year ending november mas said latest monthly statistical bulletin december increase largely due seasonal year end demand demand deposit component increased billion dlrs december billion november billion december currency active circulation rose billion dlrs december billion november billion year earlier broadly based money supply rose pct billion dlrs december pct rise november bringing year year growth pct year ending december pct year ending november reuter
ico pact unlikely autumn italian adviser prospects international coffee organization ico reaching agreement coffee export quotas september appear dim hesse former president european coffee federation said real goodwill certain delegations go quotas hesse italian foreign affairs ministry coffee issues told reuters declined name delegations special meeting importing exporting countries ended deadlock late yesterday eight days talks set quotas ico executive board meet march april full council due meet september optimistic agreement soon hesse said reuter
investment firm boosts ldbrinkman stake two affiliated investment firms investment funds control said raised combined stake ldbrinkman corp shares pct total outstanding shares pct filing securities exchange commission fidelity international ltd bermuda based firm said funds bought ldbrinkman common shares jan feb prices ranging dlrs share funds controlled fmr corp boston based investment firm affiliated fidelity hold shares bringing combined total shares fidelity said reuter
usair u seeks two billion loan takeovers usair group inc said seeking two billion dlrs bank debt complete takeover piedmont aviation inc pie pending acquisition ps group inc pacific southwest airlines filing securities exchange commission details proposed dlr share cash tender offer piedmont usair said manufacturers hanover trust co mhc indicates willingness march letter provide mln dlrs financing manufacturers hanover would also act agent bank group raise rest financing usair said usair said manufacturers hanover affiliate currently agent mln dlrs credit facility would replaced proposed two billion dlr financing usair put total cost completing tender offer billion dlrs pacific southwest takeover received federal approval due come shareholder approval later month dlrs share mln dlrs total usair said already bought mln piedmont common shares pct total outstanding norfolk southern corp nsc mln dlrs tender offer made usair subsidiary acquisition corp would valid unless usair left half piedmont total outstanding common stock april expiration negotiations terms interest rates bank loans yet complete usair said expects form one billion dlr two year term loan one billion dlr seven year revolving credit facility company said expects repay two year loan equity preferred debt offerings possibly internal funds sale leaseback aircraft reuter
honeywell hon completes computer business sale honeywell inc said completed sale pct honeywell information systems computer business compagnie des machines bull france nec corp japan mln dlrs cash honeywell said use much money reduce short term debt incurred last december company purchased sperry aerospace group honeywell said sale created new dedicated computer company jointly owned bull nec honeywell new privately held company named honeywell bull pct owned honeywell inc pct bull pct nec new company said honeywell added terms agreement nec bull allow reduce current pct stake new company pct end selling half shares bull book value time determine move pricing honeywell said honeywell chairman chief executive officer spencer said move last major step honeywell restructuring leading worldwide supplier automation controls buildings industry aerospace defense honeywell focusing management technical financial resources high market share business spencer said honeywell said expects honeywell bull largest customer purchasing computers internal data processing integration honeywell industrial automation systems u honeywell said federal systems division wholly owned unit honeywell inc named honeywell federal systems inc honeywell said accounted discontinued operation account future interest cost basis recording dividends received honeywell bull said continue develop product line build business integrated systems management transaction processing new company said board nine members including chairman chief executive officer bull four members honeywell two nec one new company began worldwide operations today said added jacques bull chairman chief executive officer serve honeywell bull chairman board jerome meyer formerly executive vice president honeywell information systems named president chief executive officer reuter
new harding group inc st qtr jan net shr cts net revs mln note prior results given due november acquisition pct stake continuous colour coat ltd reuter
bank japan calls long term efforts trade short term effect foreign exchange rate movements correcting international trade imbalances appears long term efforts required cut japan dependence external demand bank japan said monthly report japan trade surplus nominal terms likely remain high near future central bank said fundamental adjustments needed long japan hopes benefit better international allocation resources maintain free trade system added reuter
hudson valley agrees buy guard firm hudson valley inc said agreed acquire privately held federal protection services inc palm beach fla security firm common shares considerations hudson valley provides guard services n said federal protection services provides investigation guard truck services banks corporations residential communities southern florida company said issue shares common closing additional shares based federal protection pretax earnings next three years closing subject setting definitive agreement said reuter
armtek arm sell industrial tire unit armtek corp previously armstrong rubber co said agreed sell industrial tire assembly division corp dyr undisclosed sum said agreement covers division tire production facility clinton tenn plants serving original equipment replacement markets armstrong tire co armtek unit continue sell replacement industrial tires company said final closing expected third fiscal quarter ending june reuter
end inc year jan net shr dlrs vs dlrs net vs sales mln vs mln avg shrs vs note earnings pro forma including increase common shares took place last october company went public initial offering mln shares avg shrs assume shares sold public employees outstanding entire period reuter
treasury baker says hopes prime rate increases temporary
brown sees lower st qtr earnings brown corp said first quarter results show profits significantly dlrs cts per share earned first quarter last year company said profit decline result increase reserves inventory valuation increase cover potential write downs certain inventories products used compact disc systems brown said possible write shift market demand toward higher performance products reuter
french employers chief sees hope growth deadline economic barriers within european community help french economic growth create jobs president french employers federation francois said market disposal europe told le interview said majority french business leaders barriers saw opportunity rather danger companies permit us return growth rate much better could achieve know growth three pct year solve enormous problems us referring mainly unemployment added finance minister edouard balladur said yesterday french growth would two pct year last year compared government original pct target reuter
corp st qtr feb shr cts vs cts net mln vs mln revs mln vs mln note reflects two one stock split effective july reuter
japanese firm pct sumitomo co ltd japanese company told securities exchange commission acquired shares sheldahl inc pct total outstanding common stock sumitomo said bought stock mln dlrs investment purposes sumitomo sheldahl long stake five pct sumitomo said rights days following notice issuance new sheldahl common stock long stake pct said entitled sheldahl board representation reuter
carter hawley hale stores inc th qtr loss ended jan shr loss dlrs vs profit cts net loss mln vs profit mln sales billion vs billion avg shrs mln vs mln year shr loss dlrs vs profit cts net profit mln vs profit mln sales billion vs billion avg shrs mln vs mln notes share results provision preferred dividends per share profits operations dlrs vs cts quarter dlrs vs dlrs year fully diluted basis dlrs vs cts dlrs vs dlrs respectively based mln vs mln shares outstanding quarter mln vs mln year results periods include pre tax losses mln dlr sale john mln dlrs related recapitalization combined primary per share charge dlrs quarter dlrs year results also include tax charge mln dlrs equal dlrs share quarter dlrs year premium early retirement debt net periods includes pre tax loss mln dlrs equal cts share sale holt results include lifo charge mln dlrs vs credit mln dlrs quarter credit mln dlrs vs credit mln dlrs year reuter
canadian imperial bank lowering visa rates canadian imperial bank commerce said lowering interest rate visa credit card pct pct effective may statement bank said also yearly visa card fee six dlrs would retain ct fee transaction bank spokesman said previously reported call canadian parliament finance committee march substantial cut credit card rates factor move would elaborate canada minister state finance thomas hockin threatened legislation reduce rates apply balances financial institutions voluntarily act canadian imperial bank spokesman said bank card market competitive one move stay competitive canadian imperial new rates match toronto dominion bank lowered rates finance committee report canadian imperial bank added allowed choose ct transaction fee six dlr yearly card fee also eliminate ct minimum monthly transaction fee said minister state finance tom hockin said house commons today bank cut credit card rate would hope retail stores financial institutions look rates well hockin said daily question period reuter
domtar plans two one stock split domtar inc said plans two one stock split take effect may company said shareholders asked approve split annual meeting april domtar said directors believe split could affect shares encourage wider distribution shares trading recently range dlrs domtar stock previously split two one basis june reuter
u k confirms february sterling rise bank england said broad measure u k money supply sterling rose seasonally adjusted pct february pct rise january unadjusted year year rise pct pct year january bank said narrow measure money supply fell seasonally adjusted pct february rose non adjusted pct year year january fell adjusted pct rose non adjusted pct year year figures confirm provisional data issued bank march bank said sterling bank lending grew seasonally adjusted billion stg february billion stg adjusted rise january measure private sector liquidity rose unadjusted pct february making year year unadjusted pct rise adjusted rose pct february pct rise january bank said said public sector contribution growth sterling mln stg contribution billion stg january within public sector borrowing requirement showed repayment mln stg billion stg repayment january non bank private sector holdings government debt fell mln stg billion stg fall january mln stg rise notes coins circulation february mln stg fall january bank said non interest bearing sight deposits rose mln stg billion stg fall january interest bearing deposits fell mln stg billion rise january reuter
commercial metals co sets qtly dividend qtly div eight cts vs eight cts prior pay april record april reuter
u money supply rises billion dlrs feb week fed says
gandalf acquires stake data voice gandalf technologies inc said acquired significant minority equity interest privately held data voice solutions corp newport beach calif undisclosed terms gandalf specify size interest data voice three year old designer manufacturer ms system gandalf plans integrate private automatic computer exchange information system gandalf said reuter
yugoslav steel output hit mln tonnes steel output rise one mln tonnes mln tonnes year development program adopted yugoslav iron steel association official news agency said association groups together main yugoslav iron steel enterprises extraction iron ore show annual growth rate nine pct reach seven mln tonnes program iron output planned grow eight pct year reaching mln tonnes end decade said programme would create conditions raising exports finished steel products main yugoslav steel producers plan market mln tonnes steel goods year tonnes last year mln tonnes going export reuter
top qualities sought hamburg coffee market green coffee market saw demand high quality past week business described generally unsatisfactory trade sources said especially sought spot east african said adding high grade also met demand business noted second hand offered kenya coffee may june shipment dlrs origin levels roasters said well covered expected enter market larger purchases near term reuter
new york futures exchange relocate lewis president new york futures exchange said new york stock exchange board yesterday approved principle agreement relocate futures exchange new york cotton exchange agreement subject approval cotton exchange board meets tuesday april reuter
treasury baker says stands paris pact treasury secretary james baker said stood paris agreement among leading industrial nations foster exchange rate stability around current levels would refer paris agreement recognition currencies within ranges broadly consistent economic fundamentals baker told cable news network interview quite satisfied agreement paris otherwise would party said baker also noted nations agreed accord co operate foster greater exchange rate stability around levels refused comment directly current yen dollar rate said foreign exchange markets recently tended draw say baker quoted british television weekend saying target u currency statement triggered week renewed decline dollar think paris agreement represents evidence international economic policy co alive well baker said treasury secretary stressed however important main surplus countries grow fast could consistent low inflation resolve trade imbalances added federal reserve board chairman paul volcker also suggesting main trading partners grow fast reuter
bayou international buys stake bayou international ltd said purchased one third outstanding stock corp n v netherlands antilles corporation dlrs bayou said also receive two seats board bayou ltd pct owned australia wide industries ltd develops technology relating energy conversion reuter
bp bp starts bid standard oil srd shares british petroleum co plc said started previously announced billion dlr offer purchase pct interest standard oil co already dlrs per share newspaper advertisement company said offer conditioned receipt minimum number shares associated withdrawal rights expire april unless extended bp said asking standard oil use shareholder list offer standard board yet taken position reuter
corp units complete acquisiton corp said subsidiaries completed acquisiton nelson research development co merger approved following completion jan tender offer valued approximately mln dlrs company said added nelson based irvine calif operated wholly owned subsidiary nelson designs develops new drugs said reuter
philippines posts mln dlr january trade deficit philippines posted trade deficit mln dlrs january compared deficits mln january mln december government figures show national census statistics office said imports mln dlrs january mln january mln dlrs december exports mln mln january lower december mln country medium term development plan targets pct average annual growth exports pct growth imports said reuter
malaysia another commercial bank malaysia central bank said acquired pct stake ailing united asian bank bhd sixth largest commercial bank country rebuild public confidence called rights issue last november raise mln ringgit capital deficiency following accumulated loss mln ringgit end central bank bank negara said statement mln ringgit shares taken shareholders mainly local indian businessmen indian government bank negara said subsequently took shares totalling mln new paid capital mln ringgit said shares held trust eventually sold central bank early week also announced bought pct stake another troubled commercial bank bank malaysia bhd latter raised capital mln ringgit mid january year bank negara said intend hold shares two banks injection capital including management banks measures taken bank strengthen public confidence stability banks added central bank said section banking act grant loans ailing bank buy stake reuter
innovex completes purchase innovex inc said completed purchase substantially interest engineering inc already prior move innovex owned pct company said innovex said bought shares exchanging shares innovex common stock innovex president thomas said exchange non cause slight increase innovex fully diluted earnings per share last half fiscal continue unit innovex innovex said reuter
tab products co rd qtr feb net shr cts vs cts net vs revs mln vs mln nine mths shr cts vs cts net vs revs mln vs mln reuter
qintex extends princeville pvdc offer qintex america ltd said offer mln princeville development corp shares extended march march yesterday qintex said princeville shares tendered response offer withdrawn mln march qintex said extending offer allow princeville shareholders assess sale announced last week princeville airways inc aloha inc adding supplement offer agreement aloha distributed later today reuter
cpl real estate sees lower dividends cpl real estate trust investment said regular quarterly dividend distribution lower present cts per share could significantly lower starting third quarter company lowered payout cts cts current quarter said know low payout would go company said reason cutbacks would purchasing property anticipated alternative investments produce significantly lower yields anticipated reuter
kenya signs pact establish shipping line kenya signed agreement british german interests establish shipping line handle pct country external trade sources close deal said state owned kenya ports authority signed agreement hamburg based shipping line establish kenya national shipping line initial capital mln shillings sources said hold pct shares new company line initially charter vessels operate services main ports industrial europe may eventually build buy ships sources said would aim carry large part kenya coffee tea exports oil fertiliser imports reuter
u treasury announces oecd tied aid pact u treasury secretary james baker said agreement reached members organization economic cooperation development oecd control unfair trade practice using tied aid promote trade said statement agreement reagan administration negotiate virtual end export credit subsidies practice governments using tied aid mixed credits promote exports cost united states lost jobs lost exports treasury said agreement implemented two stages july would ban tied aid credit among industrialized countries place limits permitted aid developing countries would also reduce export credits involve aid reduce credit subsidies permitted relatively poor countries treasury said baker said agreement imposes particular sacrifices japan praised japan willingness accept pact japanese government willingness take concrete steps resolve important trade issues reuter
le restaurants inc th qtr loss shr loss cts vs loss cts net loss vs loss revs vs avg shrs vs year shr loss dlr vs loss dlrs net loss vs loss revs vs avg shrs vs reuter
imatron sells stake mitsui imatron inc said mitsui co ltd japan purchased two mln dlr equity interest imatron market price granted day option make another two mln dlr investment price imatron said mitsui exclusive importer imatron japan scheduled take delivery first next month installation large center said entered preliminary discussions mitsui formation joint venture finance accelerated development imatron technology japan reuter
healthmate expects qualified opinion healthmate inc said auditors indicated issue qualified opinion company financial statements company went public march earlier reported losses fourth quarter said statement known subject opinion continuing operating losses negative cash flow must achieve profitable operations acquire additional equity capital financing continue existence healthmate reported loss year dlrs cts share revenues mln dlrs year ago loss dlrs cts share revenues dlrs said increased sales reflect initial shipments imaging systems low radiation x ray imaging devices recently classified underwriters laboratories inc reuter
seaman furniture co inc rd qtr jan shr cts vs cts net vs sales mln vs mln avg shrs vs nine mths shr dlrs vs dlrs net mln vs sales mln vs mln reuter
u facilities semi annual dividend semi annual dividend cts pay may record april note full name u facilities corp first dividend declared since company completed initial public offering november reuter
australian january annual broad money pct australia broad money supply rose pct year ended january revised pct december reserve bank said compares previous january pct january broad money growth slowed pct december pct compared nil growth january within broad money total non bank financial rose pct revised decline december previous january pct increase january year borrowings rose pct revised december compared previous january end january broad money stood mln dlrs dlrs december mln dlrs january level mln period borrowings private sector rose mln dlrs december mln previous january mln reuter
malaysia gold foreign exchange reserves rise malaysia gold foreign exchange reserves rose billion ringgit february billion january billion february bank negara malaysia said central bank said cumulative assets end february fell billion ringgit billion end january billion end february last year holdings federal government securities dropped mln ringgit february billion month earlier billion february malaysia special drawing rights rose mln ringgit end february mln end january mln end february bank said imf position unchanged january mln mln february year ago currency circulation february fell billion ringgit billion month earlier billion february last year reuter
news corp unit corrects dividend rate news corp ltd fox television stations inc subsidiary said pay accrued dividend dlrs per share dlrs reported earlier connection april redemption shares increasing rate exchangeable guaranteed preferred stock dlrs per share plus accrued dividends reuter
german rose billion marks february billion bundesbank
international american home sets acquisition international american homes inc said contracted acquire diversified group ltd dlrs paid pct cash pct international american common stock valued day trading average prior closing said price based diversified estimated mln dlrs pro forma pre tax earnings adjustment certain non continuing expenses diversified developer single family housing atlanta market revenues mln dlrs acquisition subject international american arranging financing reuter
u credit market outlook cautious trading u bond trading likely remain cautious near term possible downward price market participants focus trends dollar economy federal reserve policy economists said expect economy continue showing modest gains dollar room fall fed keep policy essentially steady perhaps several months trends clearer market attempt establish hold new trading range higher interest rates said economists merrill lynch capital markets merrill lynch economists raymond stone ward mccarthy said fundamentals generally healthy investment climate market confidence environment confidence u dollar trade policy salomon brothers henry kaufman said bond market highly dollar movements could encouraged currency markets seem stabilizing u overseas economic growth perceived slowing sharply crucial question however soon either developments likely occur kaufman said market uncertainties erosion portfolio manager confidence could continue portfolio selling pressure longer said philip braverman chief economist irving securities corp however braverman said longer term current bond prices provide buying opportunity despite nearly one point bond price rebound friday unexpectedly weak march employment data key year treasury bonds lost points price week whole thursday pct closing yield high braverman said historical evidence suggests long bond yield pct area provides basis optimism bonds closed pct friday irving economist noted three times last year similar key bonds reached similar closing yield high within three six weeks instance however braverman said bond prices recovered bring yield sharply basis points mitchell held smith barney harris upham co inc said many portfolio managers believe yields could approach nine pct considers unlikely held said since late smith barney analysts risk interest rates could move higher continue believe upward likely next months held said portfolio managers last week appeared increasing belief rate rise begun yields could approach nine pct would mean sharp bond price fall yields could rise next months rise less basis point rise seen since start year held said expect fed policy neutral bonds near term fed currently frozen fixed stance said economists g co inc said fed cannot tighten policy push interest rates might appropriate stabilize dollar head renewed inflationary might harm u economic expansion economists said fed cannot ease policy stance foster rapid economic growth calm domestic third world debt without threat causing decline dollar minutes february federal open market committee fomc meeting released friday showed fomc left policy unchanged inclined firm rather ease policy later conditions economy foreign exchange credit markets warranted policy shift however economists generally believe continued fairly sluggish u economic growth financial strains u banks resulting problem loans developing countries rule fed policy firming broad agreement among economists fomc last tuesday meeting also left fed policy unchanged week u economic data expected little impact february consumer instalment credit numbers due wednesday march producer price data friday may mild relief quarters u purchasing managers composite index closely watched economic indicator rose pct march pct friday rumor put number far higher index first quarter average also pct real gnp growth three pct continued federal funds traded pct late friday expected open today fed action seen reuter
nerco acquire interest gas filed nerco inc said agreed acquire pct working interest gas field southern louisiana privately owned davis oil co mln dlrs cash nerco said interest purchased give estimated proven oil gas reserves equal six billion cubic feet natural gas property includes six gas wells one oil well two undeveloped drilling locations central production facility gas gathering system nerco pct owned pacificorp reuter
sees least pct rise profit industries inc distributor toys consumer products expects net profit rise least pct last year mln dlrs president takefman told reporters annual meeting grew basically pct last year sure going able grow pct year certainly grow least pct last year takefman said reported profit mln dlrs takefman said expects sales rise mln dlrs year mln dlrs fiscal ended september fiscal ended november takefman said company actively looking acquisitions consumer products industry likely canada company said expects resolve delivery problems year last year growth toy distribution business accounts one third revenues exclusive distributor canada toys include voice talking bear takefman said new products year include smaller version talking toy toys voice sound touch light heat talking books company also marketing extended line laser light tell hit someone products include device allows leave others school retailing dlrs reuter
g edwards inc age th qtr feb net shr cts vs cts net vs revs mln vs mln year shr dlrs vs dlrs net vs revs mln vs mln note prior year earnings reflect three two stock split distributed may reuter
federated fin l savings initial payout federated financial savings said declared initial quarterly dividend cts share april record april first dividend paid federated since conversion stock company mutual jan reuter
baker says g pact start treasury secretary james baker said agreement among industrial nations paris last month start washington drive economic cooperation among leading countries speech national newspaper association baker said six steps beginning plaza agreement paris accord start added see role process sit industrial allies find ways promote balanced international growth paris agreements called trade surplus countries strengthen growth u reduce budget deficit circumstances countries agreed currencies within ranges broadly consistent economic fundamentals baker also said still sees signs pressure protectionist trade legislation pressure protectionism coming new areas society also said believed coalition forming supported free trade reuter
uk reserves rise underlying billion dlrs march official
nippon life seeking tie u securities house nippon life insurance co possible link american securities house expand overseas investment portfolio company spokesman said declined comment rumours company would take pct stake shearson lehman brothers investment banking unit american express co axp said firm started sound several u investment banks capital participation months ago narrowing number prospects say set one firm nippon life japan largest life insurer also plans set wholly owned investment unit international america new york next month subsidiaries canada singapore islands jersey year said moves line long term strategy put emphasis overseas investment management opportunities home declining company assets growing company especially attracted scale depth u money credit markets wants establish firm foothold spokesman added reuter
inc th qtr loss shr loss eight cts vs loss dlrs net loss vs loss sales vs year shr profit four cts vs loss dlrs net profit vs loss sales mln vs mln reuter
american physicians service th net shr profit five cts vs profit two cts net profit vs profit revs vs mths shr profit cts vs loss cts net profit vs loss revs mln vs mln note full name company american physicians service group inc reuter
senator lugar calls cargo preference repeal senior republican u senate agriculture committee richard lugar indiana called repeal cargo preference law aids american shipping industry said hurts farmers cargo preference costly special interest operated expense american farmers dockworkers lugar said signing co sponsor cargo preference repeal legislation law requires shipment u goods american ships rather foreign vessels less costly reuter
eagle industries inc st qtr net shr cts vs cts net vs revs mln vs mln avg shrs mln vs mln reuter
systems make acquisition systems said agreed principle acquire assets sea data corp maker low electronic systems including intelligent recording sensors high digital data recorders one mln dlrs reuter
suralco offers cash workers leave u owned surinam aluminum company suralco offered workers sum five months wages firm jungle based disrupted bauxite mining alumina smelting said dutch news agency said suralco subsidiary aluminum company america alcoa wanted reduce work force hard hit attacks cut power lines area january bauxite mining moengo ceased four months ago suralco alumina smelter using imported bauxite reuter
u k exports body gets new executive director export credits guarantee department named malcolm stephens director export finance bank plc former civil ecgd years post executive director department spokesman said stephens replaces jack early drop ecgd business volume rise debt exchequer led criticism parliament recent years stephens said fall business volume top adding department may compete aggressively private insurance firms providing similar services department annual report year ended march showed exports insured department fell billion stg billion year debt exchequer almost doubled mln stg stephens said specific list changes among chief concerns weakened condition lesser developed countries ability pay imports agency review policies export credits lesser credits country country basis said large political risk insurance sort thing want take look try look forward see simply peak situation long term thing stephens said response whether ecgd strike countries list political risk insurance noted certain countries already removed list reuter
france yugoslavia commission boost trade france yugoslavia agreed set joint economic commission part efforts promote commercial links industrial cooperation two countries french finance ministry said commission composed businessmen agreed talks foreign trade minister michel minister without portfolio ministry statement said sides agreed need boost trade links keeping accord signed last year calling pct rise commercial exchanges two countries next six years french trade yugoslavia grown little past two years reuter
corp unit buy ice creations corp said inc unit purchased privately held ice creations unlimited undisclosed amount cash considerations company said ice creations sales mln dlrs year ended may ice creations plastics reuter
cargill official defends certificate programs use generic kind commodity certificates helped ease storage problems necessary part export promotion programs senior executive world largest grain company said house agriculture subcommittee wheat soybeans johnson vice president cargill inc disputed claims u grain companies made huge profits certificate trading certs program way windfall trade said johnson said cargill dealing two pct spread certificate transactions within normal grain marketing levels johnson recognized current concern cost certificates compared cash said critics need look closely savings caused certs noting example widespread use certs roll marketing last summer helped ease storage costs certificates also important part export promotion program said look ways expand export markets look ways expand certs put grain market meet demand said subcommittee chairman dan said committee would looking certificate program later year studying general accounting office report certificate costs reuter
acquires antibioticos n v said major shareholder montedison spa owns pct common pct owned subsidiary acquired antibioticos related subsidiaries terms acquisition disclosed reuter
japan britain disagree telecom merger cable wireless plc cawl l resisting attempts merge two japan based telecommunications firms hope overseas political pressure force change plans company executive said cable wireless holds pct stake one two japanese firms opposed plans reduce share three pct merged firm director corporate strategy told reporters plan put forward senior member powerful business organization keidanren backing post telecommunications ministry caused storm protest abroad japan seeking exclude foreign firms meaningful position market pacific telesis group pac n united states also holds pct stake one newly formed consortia international digital communications inc idc said british prime minister margaret thatcher u secretary state george written japanese government planned merger key u senate committee commerce secretary malcolm baldrige trade representative clayton yeutter also expressed opposition merger said post ministry reiterated sees need two competitors kokusai denshin denwa co ltd holds monopoly international calls japan ministry also suggested foreign shareholders hold positions new firm attempt hammer agreement today met fumio watanabe senior keidanren officer trying arrange merger two sides remained stake c w mln dlr project lay fibre optic cables japan alaska form part global network c w wants start right away project application procedures said watanabe also chairman marine fire insurance inc japanese side saying decision plan left new firm merger decisions merger made consideration japan economic conditions legal systems told colony something said watanabe reuter
mobex completes grant industries gtx tender mobex corp private building product concern said late yesterday accepted mln shares pct grant industries inc tender offer dlrs share cash offer expired est yesterday mobex said mobex acquisition corp unit accepted shares grant common pct shares presently outstanding tender price reuter
arvin flat st qtr results arvin industries inc said higher interest costs borrowings make acquisitions produce earnings flat last year cts share results arvin said might earn cts cts share quarter results also reflect seasonally low sales pattern automotive replacement parts period arvin forecast cts share net second quarter compared cts last year period company said revenues full year exceed billion dlrs net earnings increase pct per share earnings increase pct arvin revenues mln net reached mln earnings per share dlrs based forecasts due addition automotive inc corp acquired last year chairman james baker said quarterly comparisons conform historical year acquisitions occurred different quarters said arvin complete purchase systems research laboratories second quarter also increase revenues reuter
atco ltd sees gain sale atco ltd said atco development unit agreed sell canadian utilities center edmonton alberta canadian western center calgary sales together previously announced sale atco australian operations gross mln dlrs result tax gain mln dlrs reflected atco fiscal year results fiscal year ends march company said addition sales produce mln dlrs cash debt reduction mln dlrs atco said reuter
princeville pvdc sell air operation princeville development corp aloha inc parent aloha airlines inc jointly said agreed terms sale princeville airways inc aloha terms agreement disclosed proposed sale companies said aloha would acquire entire princeville airways operation access princeville airport island said princeville airways expected operate subsidiary aloha inc continue use princeville name reuter
north east insurance co th qtr loss shr loss cts vs loss dlrs net loss vs loss year shr loss cts vs loss dlrs net loss vs loss note year net includes realized investment gains dlrs vs dlrs reuter
u reassess mideast policy analyst u reassess mideast policy light rising dependence imported oil according charles center strategic international studies prospect rising dependence oil imports gulf recent commission report mandate ever need fundamental u interests middle east said remarks made address national petroleum refiners association meeting although short run difficult see direct link arab anger threats oil supplies current environment increasingly difficult moderate arab leaders seen friendly u interests said oil traders said threats oil supplies kept crude oil prices strong recently although believe prices weaker demand falls spring william analyst first boston corp said crude oil prices hold near current levels spring spring downturn said speaking annual refiner meeting said pct chance crude oil prices could move higher second half year following opec meeting scheduled late june said expects opec extend current agreement restrict production opec renew production pricing agreement june value oil exports opec producers declined along u dollar said opec oil exports priced u dollars dollar fallen pct last months said u crude oil imports increase four mln barrels per day consumption rises two mln bpd supplies decline two mln bpd reuter
bfg partial operating profits fall sharply bank fuer ag f bfg partial operating profits fell mln marks mln new majority shareholder und ag f amb said total operating extraordinary profits including earnings currency securities trading bank account earnings sale holdings firms double previous year level amb said bfg accounts included prospectus amb capital increase finance insurance company acquisition pct plus one share bfg despite fall partial operating profits bfg paid unchanged mln marks open reserves transferred unchanged mln marks trade union holding company fuer ag amb acquired majority stake bank said business last year suffered turbulence around troubled trade union owned housing concern amb said mln mark drop bfg business volume billion marks affected interest surplus interest surplus fell mln marks mln also depressed point fall interest margin pct rise surplus commission mln marks mln enough compensate rise total operating profits enabled bfg step risk provisions country risks particularly emphasised continuing difficulties countries disclosed risk provisions west german accounting rules necessarily reflect full amount rose mln marks mln bfg parent credit volume eased billion marks billion foreign debtors accounted pct credit volume latin american debtors accounted pct total lending foreigners bfg posted extraordinary earnings sale pct deutsche ag pct bank fuer und ag five pct ag sale linked amb acquisition majority bfg sales show mln marks profit transfer agreements mln writing back risk provisions reuter
mobex says pct grant gtx tendered mobex corp said grant industries inc common shares pct mln outstanding tendered response mobex offer company said offer dlrs share stock extended est march march reuter
cooper asks ftc end acquisition limits cooper industries inc asked federal trade commission order requires company get ftc approval making certain acquisitions ftc said order issued part settlement ftc charges cooper merger gardner denver co would lessen increase concentration gas industrial air tool industries ftc said order requires cooper must get ftc approval acquiring companies natural gas hand held industrial tool businesses reuter
new world pictures ltd th qtr net shr cts vs cts net vs revs mln vs mln avg shrs mln vs mln year oper shr cts vs cts oper net mln vs revs mln vs mln avg shrs mln vs mln note year net excludes dlr tax credit reuter
butler purchase naturalite butler manufacturing co said signed letter intent purchase naturalite inc designer terms disclosed naturalite sales mln dlrs transaction expected completed may subject boards approvals reuter
finnish inflation falls pct february year year finnish consumer prices fell pct february pct january pct february central statistical office said consumer prices rose pct february rises one pct january pct february consumer price index base february january february reuter
thailand buys yugoslav cranes barter deal cabinet approved plan port authority thailand buy six cranes co yugoslavia mln dlrs government spokesman said said thailand pay pct cost cranes u dlrs rest sales rice textiles commodities yugoslavia bangkok shipowners agents association appealed government scrap purchase plan said would unnecessary expense vessels calling port already cargo handling equipment reuter
negotiators draft details next rubber pact rubber producers consumers agreed last week central elements new international natural rubber pact started work legal drafting future accord delegates said compromise issues blocking agreement reached united nations conference accord replace current pact expires october new international natural rubber agreement inra expected formally adopted friday reuter
german feb sugar stocks year month west german sugar stocks rose mln tonnes white value end february mln time year earlier sugar industry association said however stocks well mln held end january sugar exports october february rose tonnes period sales non european community countries rose tonnes sales within ec fell sharply tonnes imports october february fell tonnes months year earlier sugar industry association said human sugar consumption october february rose tonnes year ago period reuter
brazil makes second amazon oil discovery brazilian state oil company petrobras made second oil discovery amazon region president jose sarney said said well initial flow cubic meters gas barrels oil per day first well discovered region last year currently yielding cubic meters gas barrels oil daily wells biggest onshore well country banks river amazon basin miles north brasilia reuter
investor paul bilzerian pct pay n pak stake may seek control
viacom international inc gets another new national amusements bid
farms gets bid control farm inc said received three tentative proposals control company said evaluating proposals comment unless definitive agreement reached reuter
danish credit dramatic minister finance minister said today denmark credit rating standard poor corp standard poor said kingdom denmark long term external debt aa aa plus following country loss top rating january change reason change standard poor aa category slightly different top rating said statement direct effect lower rating borrowing unlikely great expectation fail reduce permanently external account deficit inevitably affect borrowing terms added standard poor noted series austerity measures designed particularly cut lending encourage saving tax reforms also gone effect becomes necessary government ready take necessary economic political initiatives past said standard poor said weaker international competitiveness face rising labour costs would mean deteriorating current account balance rise external debt external current account deficit rose record preliminary billion crowns billion bringing total foreign debt billion crowns according government statistics government economists forecast external current account deficit fall billion crowns year denmark net foreign debt rose pct total exports pct p said reuter
korea buy cotton especially u cotton south korea plans import tonnes cotton year compared tonnes trade ministry officials said three quarters total tonnes come united states pct increase u imports totalled tonnes official said said u increase due partly competitiveness american cotton partly efforts seoul reduce trade surplus washington south korea second largest importer u cotton japan reuter
leclerc forecasts results leclerc inc reporting sharply higher earnings six months ended february said expects third quarter results continue strong pace preceding quarters brokerage firm earlier reported six month profit rose mln dlrs mln dlrs last year detail second quarter profit reuter
canadian natural resources sell stake canadian natural resources ltd said agreed principle sell pct working interest certain producing non producing natural gas properties located southwestern saskatchewan transaction expected close april company said identify buyer give selling price proceeds used satisfy february repayment demand one company lenders excess proceeds added working capital company said reuter
inc st qtr net shr cts vs cts net vs assets mln vs mln reuter
inc th qtr net shr profit six cts vs loss dlrs net profit vs loss revs vs year shr profit cts vs loss dlrs net profit vs loss revs mln vs mln reuter
bundesbank bought dollars yen dealers say bundesbank entered open market late morning buy dollars yen concert bank france dealers said bundesbank came market dollar around yen fallen touch gmt move little effect dollar still testing yen ahead official fixing dealers said intervention fairly small amounts contrast bundesbank activity wednesday dealers reported bought mln dlrs bundesbank comment reuter
bank finland announce new measures bank finland called news conference gmt announce new measures development system monetary control spokesman bank declined give details banking sources said expected bank announce actively take part interbank market buy sell certificates deposit state treasury issues government paper maturity one year central bank far issued paper sources said reuter
u ruling brazil fcoj may come tomorrow decision final dumping duties frozen orange juice brazil may issued tomorrow commerce department officials said said department midnight tonight set duty may make finding public tomorrow preliminary duty pct set october final ruling based detailed information officials said reuter
portuguese trade deficit narrows portugal trade deficit narrowed billion escudos billion according provisional national statistics institute figures imports totalled billion escudos exports billion compared billion billion expressed terms dollars imports rose pct exports pct trade deficit increased pct first year member european community portugal recorded deficit billion escudos trade community states compared deficit billion escudos imports ec totalled billion escudos exports community billion compared billion billion previous year portugal deficit spain billion escudos billion italy billion billion west germany billion billion reuter
chemical chl raises prime rate pct chemical bank main bank subsidiary chemical new york corp said raising prime lending rate pct pct effective immediately reuter
auditors lift qualification brunswick auditors brunswick corp lifted four year qualification company financial statements vice president finance frederick told securities analysts financial results diversified leisure defense aerospace company arthur andersen co since qualification related certain tax liabilities amounting mln dlrs associated medical division sold brunswick said reuter
lead prices rise balanced physicals lead prices risen week background balanced physical sector traders said gains possible ussr steps buying labour problems develop north america added london metal exchange lme prices unusually buoyant time year seasonal demand normally prices lower generally attributed traders low level lme stocks steady physical demand northern hemisphere finding supplies curtailed supply problems new beginning felt market peak winter demand stocks usually build fast availability increases traders said lower supply levels result number different factors around globe delayed shipments peru mediterranean countries production transport problems lack spanish exports since closure last year la cruz smelter lower output morocco greece meant additional demand directed merchants turn drawing lme stocks addition broken hill associated smelters port pirie south australia smelter halting production five weeks maintenance although company said would meet commitments put pressure stocks u company doe run kept tonnes per year montana smelter closed cut producer stocks contributed closer supply demand balance within u market many years depressed surplus production regular supplier world market mexican supplies sometimes lme stocks normal finding ready buyers traders said demand side winter battery manufacture held quite well u buying lead sheet reported u k soviet lead buying notably europe first two months year resumed large buying order merchants march merchant demand rise lme lead prices week seen cash metal move stg establish premium around stg three months delivery specific demand directed towards metal warehouses material often target merchants shipping ussr traders said stocks popular lme continental warehouses rotterdam little tonnes lead believed strong hands total tonnes lme stocks lowest level since june half u k warehouses popular merchants putting together shipments even u k stocks dropped around tonnes since start year traders said partly due secondary smelters buying ingots supplement feed supplies affected environmental controls put restrictions transport used labour negotiations north america play important part determining direction prices contracts expiring end april cominco b c mine smelter doe run mo smelter noranda new brunswick mine smelter also contract july may cause nervousness view strikes zinc copper workers recent months traders said lme three months delivery already attracting speculative buying could rise stg current nearby tightness could widen cash premium four three months quoted stg reuter
corp year december group shr yen vs net billion vs billion current billion vs billion operating billion vs billion sales billion vs billion note company forecast current year group shr yen net billion current billion sales billion reuter
mark work st qtr loss period ended may shr loss four cts vs loss three cts net loss vs loss revs mln vs mln note full name mark work ltd reuter
belgium launches bonds gold warrants kingdom belgium launching mln swiss francs seven year notes warrants attached buy gold lead manager credit suisse said notes pct coupon priced par payment due april final maturity april franc note carries warrants two warrants required allow holder buy gold price francs entire life bond latest gold price zurich francs per reuter
u bancorp acquisition approval u bancorp oregon said advised application acquisition old national bancorp approved board governors federal reserve company said also advised received fed approvals acquisition heritage bank wash conversion subsidiary u thrift loan salt lake city utah commercial bank january u bancorp old national reached definitive agreement covering acquisition stock old national already mln dlrs u bancorp currently owns pct old national stock reuter
crane acquires assets unit crane co said acquired certain assets chicago co inc wholly owned subsidiary co terms transaction disclosed chicago crane environment systems division company said reuter
eni unit agip petroli buys stake u company subsidiary state energy concern ente idrocarburi mi eni said acquired pct stake steuart petroleum co independent u oil products company financial terms disclosed agip petroli spa said statement remaining pct u firm owned steuart investment co holding company also interests transportation hotels insurance italian firm said steuart petroleum operates primarily east coast u reuter
bowater industries profit exceed expectations bowater industries plc l pretax profits mln stg exceeded market expectations around mln pushed company shares sharply high p p last night dealers said shares later eased back p bowater reported mln stg profit company said statement accompanying results underlying trend showed improvement intended expand developing existing businesses seeking new opportunities added appointed david lyon currently managing director redland plc l new chief executive analysts noted bowater profits mln stg mln previously given boost pension benefits mln stg profit australia far east showed greatest percentage rise pct mln mln profit u k operations rose pct mln europe pct mln reuter
total health make acquisition total health systems inc said agreed acquire inc n j health maintenance organization subscribers undisclosed amount cash assumption liabilities provision mln dlrs equity debt financing company said acquisition subject regulatory approvals said revenues mln dlrs earnings dlrs revenues first four months mln dlrs pct year reuter
lowers premium petrol pump price esso singapore pte ltd lower pump price premium octane petrol price cents litre cents effective midnight tonight spokeswoman said new price similar oil companies price grade esso price octane remains unchanged cents reuter
letter intent acquired inc said signed letter intent acquired inc stock stock exchange completion transaction would pct issued outstanding stock reuter
ben jerry inc eight mths shr cts vs cts net vs sales mln vs mln note company released results connection filing class common stock offering reuter
bancorp inc rd qtr net shr cts vs cts net vs nine mths shr cts vs dlrs net vs reuter
home federal rd qtr oper net oper shr cts vs available oper net vs nine mths oper shr cts vs available oper net vs assets billion vs billion loans billion vs billion deposits billion vs billion note operating net excludes tax credits mln dlrs cts share quarter mln dlrs cts nine months period nine months operating net excludes prepayment penalties early retirement loans dlrs home federal savings loan association chicago full name company reuter
united telecommunications inc ut st qtr net shr cts vs cts net vs revs mln vs mln avg shrs vs note per share results reflect payment preferred dividend requirements reuter
franklin insured sets monthly payout mthly div cts vs cts prior pay april reord april note franklin insured tax free income fund reuter
national city bancorp st qtr net shr cts vs cts net vs reuter
care enterprises th qtr loss oper shr loss cts vs profit cts oper net loss vs profit revs mln vs mln avg shrs mln vs year oper shr loss cts vs profit cts oper net loss vs profit revs mln vs mln avg shrs vs note quarter net includes dlr tax credit net excludes charges debt restructuring dlrs quarter dlrs year reuter
u senators propose ban toshiba imports three u senators said propose temporary ban imports toshiba products due company illegal sales sensitive high technology goods soviet union senator john heinz richard said hearing senate banking committee export control offer proposal part major trade bill brought senate summer utah republican said talking specific company security country reuter
venezuelan aluminum firm credits venezuelan state aluminum company venalum negotiating total mln dlr credits abroad planned expansion production finance minister manuel azpurua said azpurua spoke reporters meeting representatives fur bank germany sign agreement grant mln marks mln us dlrs credits venalum agreement eight one half year term fixed interest rate pct azpurua said venalum negotiating credits mln dlrs swiss bank corporation mln dlrs mitsubishi japan mln dlrs norway achieving goal financial flows country said azpurua credits would go installation fifth production line venalum one three state aluminum companies produces primarily export market reuter
buy two denver radio stations communications inc said agreed buy two denver radio stations h corp mln dlrs cash notes said two stations fm acquisitions must approved federal communications commission added reuter
co rd qtr net shr cts vs cts net vs sales mln vs mln nine mths shr dlrs vs dlrs net vs sales mln vs mln note net income excludes preferred dividends mln dlrs quarter mln dlrs nine months compared dlrs dlrs reuter
brazil selling cocoa buffer stock trade brazil selling cocoa beans international cocoa organization icco buffer stock spot prices beans interior area pct higher levels would paid icco buffer stock manager trade sources major producing state bahia said beans effects drought current temporao harvest pushed prices well international levels sources noted buyers bean exporters local processors covering previously contracted commitments added sales made would executed individual exporting companies members brazilian cocoa trade commission said reuter
group lifts stake shoe pct shareholder group including entregrowth ltd new zealand said lifted stake shoe corp common stock shares pct total outstanding previous figure approximately shares pct filing securities exchange commission group said bought shoe common shares open market transactions october dlrs dlrs share reason given purchases reuter
computer inc rd qtr net shr cts vs cts net vs rev mln vs mln nine shr cts vs cts net vs rev mln vs mln reuter
acquire reserve holding resources inc said agreed exchange interest oklahoma oil gas properties operated reserve exploration co restricted reserve common shares company said pct stake reserve outstanding shares result exchange reuter
gateway communications inc st qtr net shr cts vs six cts net vs revs vs reuter
data st qtr sept net shr cts vs cts net vs revs vs note full name data services ltd reuter
rexham repurchases stake nortek rexham corp said repurchased shares pct nortek inc dlrs nortek withdrawn proposal acquire rexham dlrs per share rexham said nortek also agreed buy rexham shares take actions year standstill agreement rexham board rejected nortek bid inadequate company also said board authorized repurchase open market privately time time additional five pct shares establishment employee stock ownership plan plan expected purchase rexham new convertible preferred stock pct rexham voting power proceeds pension plan borrowings reuter
brown corp rd qtr net shr cts vs cts net vs sales mln vs mln nine mths shr cts vs cts net vs sales mln vs mln reuter
talking point steel companies steel stocks healthy recently still present short term investment opportunities according steel analysts others say upturn based strong orders firm prices spring strictly seasonal end soon recommend taking profits time year strictly seasonal said charles bradford merrill lynch co orders strong two months signs order rates starting already dean witter reynolds inc analyst morrison sees short term potential group includes usx corp x bethlehem steel corp bs armco inc inland steel industries inc still steels short intermediate term based improved order rates rising prices morrison said recommends one stock however inland steelmaking operations make efficient despite merrill bradford continues recommend armco sees major turnaround armco steelmaking operations profitable balance sheet improved oilfield equipment business put joint venture usx bradford noted high quality investment situation yet come long way said think stock moderately better market said armco shares trading today could go possibly high said bradford sees armco earning cts share special gains investment tax credits losses last year armco earnings could significantly higher said bradford recommending sale usx shares buy gets let else said steel energy concern earn one dlr share half coming asset sales two dlrs dlrs bradford said lot depends oil prices added pct usx sales come oil natural gas analysts including salomon brothers inc recommend usx company done lot restructuring market given credit said sees stock going mid higher usx trading predicts usx earn cts share year dlrs next year large losses also positive armco inland recommending stocks since last november peter marcus painewebber inc neutral group although said earnings outlook improved third quarter sees potential trouble beyond think steel prices bookings basis start drop summer said salomon brothers also sees seasonal later year said citing reduced capacity domestic industry better prices weaker dollar cause steel imports drop slightly last year reuter
completes merger inc said completed merger systems inc terms merger called share exchange share transaction valued mln dlrs company said companies produce market software reuter
n times buy daily news new york times co said agreement buy daily news evening newspaper published ga terms disclosed company said circulation sunday circulation new york times also said county northeast atlanta growing county country purchase agreement includes county news published wednesday sunday news weekly among publications reuter
cardinal end acquisition investors group cardinal savings loan association jointly announced proposed acquisition cardinal terminated mutual agreement reuter
four sugar cargoes sold china yesterday trade four cargoes raw sugar sold china yesterday via london trade supplement country current nearby buying programme traders said sugar reported sold around dlrs tonne c f july august shipment arrival september said traders said recent chinese purchases could total much tonnes others agreeing heavy volume taken said amount less figure involved china still believed market sugar traders said reuter
northeast savings f nd qtr net loss shr loss dlrs vs profit dlrs net loss vs profit six mths shr loss cts profit dlrs net profit vs profit mln assets billion vs billion deposits billion vs billion loans billion vs billion note six mths per share includes preferred stock dividend payments reuter
n z trading bank deposit growth eases slightly new zealand trading bank seasonally adjusted deposit growth rose pct february compared pct rise january reserve bank said year year total deposits rose pct compared pct rise january pct rise february year ago period bank said weekly statistical release total deposits rose billion n z dlrs february compared billion january billion february reuter
telephone nd qtr net shr profit seven cts vs loss dlrs net profit vs loss revs mln vs mln six mths shr profit eight cts vs loss dlrs net profit vs loss revs mln vs mln avg shrs vs note telephone systems inc reuter
firm supreme equipment stake co st louis mo investment advisory firm told securities exchange commission acquired shares supreme equipment systems corp pct total outstanding said bought stock investment purposes behalf advisory clients reuter
south korea increases duty crude imports south korea increased duty crude oil imports dlrs barrel dlrs effective today energy ministry said duty raise funds special energy projects adjusted average crude import prices rose dlrs barrel april dlrs march dlrs april ministry officials said separate pct import tax crude oil unchanged reuter
corp st qtr sept net shr cts vs cts net vs sales mln vs mln note prior year net includes gain dlrs sale shares technology corp reuter
german may current account surplus billion marks april surplus billion official
first interstate iowa inc st qtr shr profit two cts vs loss two cts net profit vs loss note pretax net profit dlrs vs loss dlrs charge earnings loan losses dlrs vs dlrs net chargeoffs dlrs vs dlrs reuter
u personal income rose pct may spending pct
u west rd qtr net shr dlrs vs dlrs net mln vs mln dlrs revs billion vs billion nine mths shr dlrs vs dlrs net mln vs mln revs billion vs billion reuter
blue circle profits dividend rise year end december shr p vs p div p making p vs p pretax profit mln stg vs mln turnover billion vs mln tax mln vs mln note company full name blue circle industries plc l company said proposes one one capitalisation issue gross profit mln vs mln distribution costs mln vs mln administrative expenses mln vs mln operating income mln vs mln share profits related companies mln vs mln operating profit mln vs mln net interest payable mln vs mln exceptional items mln debit vs mln debit minorities mln vs mln extraordinary items tax mln vs mln pretax profit includes u k mln vs mln u mln vs mln mexico mln vs mln australasia mln vs mln africa mln vs mln reuter
dow jones co inc st qtr net shr cts vs cts net vs rev mln vs mln note earnings include tax gain mln dlrs cts share versus tax gain mln dlrs cts share first quarter earnings per share reflects pct stock dividend form class b common stock distribution june reuter
hanson trust shows sharply higher half year profit six months ended march share p vs p diluted interim dividend p vs p pre tax profit mln stg vs mln net profit mln vs mln sales billion vs billion operating profit mln vs mln interest income less central expenses credit mln vs debit six mln company full name hanson trust plc l u k operating profit sector consumer goods mln stg vs mln building products mln vs mln industrial mln vs food mln vs nil u sectors consumer goods mln stg vs mln building products mln vs mln food seven mln vs two mln businesses owned sold nil vs nine mln reuter
north yemen bought white sugar tender trade north yemen weekend tender bought white sugar french operator acting behalf swiss house dlrs tonne c f traders said amount bought immediately available although country sought tonnes june arrival whites said reuter
south african april growth revised upward south african year year broadly defined money supply growth revised upward pct april preliminary pct revised pct march reserve bank figures show rose revised billion rand april preliminary billion march revised billion april last year stood billion rand preliminary figures may show billion rand year year rise pct billion may april rose year year pct billion rand rising pct billion march rose pct billion pct increase billion figures showed rose pct billion april rising pct billion march reuter
sound warehouse inc rd qtr feb net shr cts vs cts net vs revs mln vs mln nine mths shr cts vs cts net vs revs mln vs mln reuter
united tech sees earnings impact united technologies corp said decision international consortium develop new engine would impact earnings international aero engines pct owned united technologies pratt division decided launch version v engine told analysts decision launch full development program certification short term impact earnings united technologies spokesman told reuters short term spokesman said declined elaborate owners rolls plc japanese aero engines corp fiat spa west germany analysts estimating united technologies earn dlrs dlrs share reported earnings cts share included two large writeoffs reuter
fleet financial group flt st qtr net shr primary cts vs cts shr diluted cts vs cts net vs avg shares vs note qtr net interest income mln dlrs vs mln dlrs earnings per share reflects two one common stock split march reuter
corp st qtr sept net shr eight cts vs cts net vs revs vs note went public october seven reuter
japan details plan trade problems japan liberal democratic party ldp drawn detailed plan calling large tax cuts increase government purchases foreign goods head committee working plan koizumi said plan also urge government double official development assistance billion dlrs within five years instead seven government promised senior ldp officials said press conference ldp executive council chairman abe explain plan u officials visits u april abe visit prepare prime minister yasuhiro nakasone talks president ronald reagan later month koizumi said ldp plan specify size tax cut amount domestic demand however top ldp executives work figures abe able offer specifics u officials proposed increase procurement foreign goods government probably include purchase super computers ldp officials said specific trade problems nations encourage flows funds developing countries officials said ldp expects measures prop economy lessen trade problems u added basic ideas ldp plan presented welcomed monetary authorities major industrial nations washington last week said ldp plan form basis last several packages stimulate japanese domestic demand unveiled government late may reuter
asarco ups u lead price ct cts asarco inc said increasing base spot sales price refined lead one half cent cents lb fob delivered lots effective immediately reuter
major rubber producers meet singapore officials indonesia malaysia singapore perhaps thailand meet tomorrow discuss increased regional cooperation rubber marketing ways raise rubber prices industry sources said officials discuss linking rubber markets four countries improve price sources said first time indonesia attending meeting said representatives thailand may able attend tight schedule malaysia indonesia thailand account pct world rubber exports singapore major regional rubber trading centre malaysian rubber futures market contracts rubber among issues expected discussed last month rubber importing exporting countries adopted new international natural rubber agreement geneva new pact responsive market trends predecessor sources said earlier provisions allowing buffer stock borrow banks eliminated reuter
financial corp america fin rd qtr loss shr loss dlrs vs profit cts net loss mln vs profit mln avg shrs primary mln vs mln avg shrs diluted mln vs mln nine mths shr primary loss dlrs vs profit dlrs shr diluted loss dlrs vs profit dlrs avg shrs primary mln vs mln avg shrs diluted mln vs mln net loss mln vs profit mln assets billion vs billion loans billion vs billion deposits billion vs billion note net includes fslic assessment loss vs qtr vs mln vs mln nine mths vs net includes gain sale mortgage backed securities loans mln vs mln mln vs mln nine mths vs net includes gain sale investments qtr vs nine mths vs net includes provision losses discounts mln vs mln qtr vs mln vs mln nine mths vs nine mths included write fslic secondary reserve mln reuter
clark copy buys norwegian firm clark copy international corp said bought norwegian drafting machines company three mln u dlrs clark copy said majority owned norwegian subsidiary computer aids co norway purchased drafting systems division norwegian state owned drafting annual worldwide sales mln dlrs clark copy said reuter
electronics buy symtron corp electronics inc said entered agreement principal buy closely held symtron corp stock exchange transaction pact would exchange shares stock symtron shares acquisition subject board approval definitive agreement expected concluded may said symtron management would continue running business would become wholly owned subsidiary symtron sales mln dlrs reuter
edelman details burlington bur options sale tender offer asher edelman dominion textile ltd burlington inc affected investors sale options buy burlington stock according associate edelman noting tender offer definitely place aide said investors prohibited securities exchange commission regulations options long tender offer open options due expire end june said may sale options buy burlington shares thus non event reuter
armel inc th qtr loss oper shr loss cts vs loss dlrs oper net loss vs loss revs mln vs mln year oper shr loss cts vs loss dlrs oper net loss vs loss revs mln vs mln note excludes charge cts per share fourth quarter gain cts per share year reuter
electrolytic refining lowers copper price electrolytic refining smelting co australia pty ltd said lowered ex works port refinery copper price dlrs dlrs tonne effective today reuter
entertainment em may seek crazy eddie crzy marketing inc president zinn demanded list crazy eddie inc shareholders company said may pursue merger edison n j electronics retailer filing securities exchange commission zinn said demand shareholder list made june may desire communicate crazy eddie shareholders regarding affairs company zinn firm disclosed hold pct stake crazy eddie common stock said may acquire shares negotiated merger tender offer entertainment marketing informed june shearson lehman brothers inc acting behalf crazy eddie would provided certain information crazy eddie told sec entertainment marketing houston based firm involved electronics home shopping sales proposed eight dlr share merger acquisition crazy eddie may modified proposal june include possible participation crazy eddie management entertainment marketing told sec expects meet crazy eddie representatives near future entertainment marketing also disclosed retained drexel burnham lambert inc financial advisor investment banker light june announcement crazy eddie chemical bank would longer fund mln dlr credit facility company plus declines price stock entertainment marketing zinn said continuing evaluate alternatives respect investment crazy eddie stock depending evaluation company including actions crazy eddie board possible third party bids company entertainment marketing president said may hold present stake company sell shares purchase shares open market private purchases connection merger tender offer according sec filing entertainment marketing zinn bought current holdings crazy eddie common shares may june dlrs dlrs share total mln dlrs reuter
german industrial employment seen number workers employed west german industrial sector last quarter increase overall employment benefited services branch diw economic institute said diw report added general downturn economy since last autumn negative effect willingness firms take workers referred marked downturn number workers taken capital goods sector new orders manufacturing industry goods mostly fallen recent months data february finally showed reversal trend pct rise reuter
dillard department stores agrees buy two allied stores units mln dlrs cash
ge credit says buy kraft inc k financial corp
ec u plan high level trade talks european community willing offer limited concessions united states one two major issues threaten poison trade relations next year ec commission spokesman said said offer would made meeting later month u trade representative clayton yeutter ec external relations commissioner willy de clercq ec farm commissioner frans andriessen told agriculture ministers meeting luxembourg ec willing make temporary arrangements impact u exports ec plan ban sales meat animals fed growth spokesman said washington said take trade ec proceeds ban january european countries quickly cut back sees unfair subsidies makers airbus harming u manufacturers claims ban scientific basis mln dlrs worth exports year diplomatic sources said yeutter de clercq meeting take place london also involve aerospace ministers france britain west germany spain countries involved airbus project reuter
maxtor corp buys private firm maxtor corp said bought privately held storage inc undisclosed sum company said storage maxtor high capacity inch optical disk drives family data storage ibm storage software utility program high capacity disk drives maxtor said purchase reflects desire compete high capacity segment pc market reuter
commonwealth bank cuts australian split prime commonwealth bank australia said lower reference rate loans pct pct overdraft reference rate pct effective june bank officials said bank regards overdraft reference rate based short term rate trends key prime lending rate corporate customers loan reference rate based longer term trends bank latest cut prime rates recent days following continuing decline market rates prime rates range pct pct reuter
sept daily primary aluminium output tonnes tonnes ipai
years acquire three centers years care centers inc said signed letter intent acquire three profitable day care centers south central pennsylvania total price dlrs three privately owned centers aggregate revenues dlrs profits six thousand dlrs company said transaction scheduled close early july company said reuter
cold wet weather slows beet growth w europe cold wet weather northern western central parts europe continued slow beet growth plant reported good countries sugar f licht said temperatures low season rain hampered field work led water fields eastern southeastern europe weather boosted sugar beet growth weather soviet union also allowed good beet development licht said sweden beet growth delayed although plant population reported regular good cool weather slowed beet growth denmark crop prospects rated slightly normal united kingdom ireland rather cool heavy rainfall places delayed beet growth france belgium netherlands west germany mostly cool frequent often heavy rainfall continued slow beet growth often made field work impossible austria warm rainfall favourable beet growth licht said czechoslovakia poland mostly warm beet development heavy rain may caused damage european beet growing regions soviet union warm areas weather generally good growth beets south eastern europe warm weather rainfall boosted beet development labour trouble threatens beet crop spain disputes factories trade unions threatening delay start processing southern areas beets maturing early year reuter
world bank loans uganda mln dlrs world bank said uganda mln dlrs international development association bank lending affiliate loan support project hopes preserve country natural forests meet demand wood products uganda management agency bank said also said project plans increase area management protected forests establish pilot wood farms soft wood plantations reuter
uk may adjusted unemployment falls record mln pct official
alfa corp alfa rd qtr net shr cts vs cts net vs revs mln vs mln nine mths shr cts vs cts net mln vs revs mln vs mln note per shr amounts giving retroactive effect split effected pct stock dividend paid june net includes net realized investment gains vs nine mths vs vs qtr vs net includes net investment income mln vs mln nine mths vs vs qtr vs reuter
steel firms study usx x unit price hike two major steel companies said studying price increase announced yesterday usx corp uss steelmaking division spokesman armco inc bethlehem steel corp bs said proposed price hike study yesterday uss said plans raise base prices plate products dlrs ton five pct effective shipments october spokesman ltv steel co unit ltv corp declined comment adding company make heavy plate makes plate products spokesman national steel corp joint venture national intergroup inc nippon kokan k k said company product lines affected reached later inland steel industries inc spokesman said company studying pricing move usx said increase plate products including carbon high strength low alloy strip mill alloy plates also said planned dlr ton increases special plate analysts said firm prices steel contribute better results nation major steelmakers reuter
complete purchase private firm international ltd said north american unit inc completed purchase privately held ryan mcfarland corp undisclosed sum company said two units combined expected net revenues mln dlrs ryan develops language micro mini mainframe computer markets international based melbourne australia ryan mcfarland located rolling hills estates calif reuter
franklin high yield sets higher payout mthly div eight cts vs cts prior pay april record april note franklin high yield tax free income fund reuter
burmah oil prospects remain favourable current year opened well trading prospects remaining favourable burmah oil co plc l said statement results company plans maintain steady rate investment marketing operations obtain improved profit margins natural gas lng project burmah financial capacity continue making acquisitions within business sectors added rationalisation programme including sale oil terminal peripheral activities complete pre tax profit rose mln stg mln reuter
tass u attack iran official soviet news agency tass u attack iranian oil drilling platform gulf monday military said would bring dividends reagan administration tass mikhail said administration order attention scandal united states sold arms iran profits diverted nicaraguan confrontation fact obvious latest military adventure bring political dividends american administration said soviet leader mikhail gorbachev foreign minister left parliamentary session earlier monday diplomatic speculation concerned urgent matter foreign affairs soviet officials previously criticized united states sending naval forces gulf saying presence serves increase tension moscow officially neutral war iran iraq major arms supplier iraq also sought broader contacts iran last year said united states undertaken act armed iran probability long washington officials reuter
progressive bank inc rd qtr net shr cts vs cts net vs nine mths shr dlrs vs dlrs net vs reuter
group may support cardis corp cds buyout group companies controlled brookehill partners inc told government authorities may support buyout cardis corp way maximize value company stock filing securities exchange commission group disclosed currently holds pct stake cardis common stock said would likely support acquisition company whole parts another party move likely means company shareholders maximize value investment although group characterized cardis stock holdings principally investment said intends contact third parties might interested acquisition cardis los angeles based auto parts distributor group added already contacts others concerning company said reached cardis common shares continue offer opportunity price appreciation basis company asset value earnings momentum brookehill group told sec group currently holds cardis common shares consists new york based brookehill partners two subsidiaries brookehill equities inc brokerage moore inc investment advisor walter edward moore robert new york one third interests brookehill partners since april members brookehill group made net purchases cardis common shares approximately dlrs share group told sec may continue purchase additional cardis stock also reserved right sell shares company reuter
marine midland banks inc mm st qtr net shr dlrs vs dlrs net mln vs mln assets billion vs billion deposits billion vs billion loans billion vs billion note qtr includes pre tax provision mln dlrs resulting mln dlrs tax loss reserve interest due medium long term brazilian loans net investment gains qtr mln dlrs versus gain mln last year first quarter provision loan losses quarter mln dlrs vs mln dlrs prior first quarter reuter
amsouth bancorp sets exchange ratio amsouth bancorp said issue shares stock acquire first tuskaloosa corp previously announced merger agreement amsouth offered dlrs share amsouth stock first tuskaloosa company said first tuskaloosa shareholders receive shares amsouth stock first tuskaloosa share held merger effected april first tuskaloosa assets mln dlrs amsouth assets six billion dlrs reuter
foods inc st qtr loss shr loss three cts vs loss three cts net loss vs loss sales vs avg shrs vs reuter
citibank lowers australian prime rate pct citibank ltd said would lower australian prime rate pct effective tomorrow new rate banks lowest among australian trading banks range pct australian prime rates retreated recent peak pct october line declining money market levels citibank said reduction reflected decline reuter
u study says tariffs quotas could use tariffs quotas reduce flow foreign goods united states little cut nation trade deficit government study said fact federal trade commission ftc report said protectionist policies could make u products less competitive world marketplace raising cost imported products exported different forms policies much likely hurt rather help productive capabilities u economy said page report written ftc economists john philip nelson blamed rising trade shortfall climbed record billion dlrs last year shifting currency exchange rates growing u consumer demand factors blamed deficit foreign trade practices deteriorating u industrial competitiveness high labour costs government restrictions mergers added little problem said although industry competitiveness affects level imports exports industry general find significant industry specific changes affecting competitiveness would explain increase overall trade deficit study said extent government action needed deal trade deficits policies focus economy wide exchange rates relative economic growth ftc study said supporting conclusion broad based economic shifts cause increase trade deficit report said found nearly u industries lost domestic market share foreign competitors also said found fairly direct relationship increased trade deficit influence shifting currency exchange rates u economic growth domestic demand goods services foreign consumer demand study examined seven factors blamed trade deficit foreign government subsidies trade barriers protect foreign industries lack investment u industry declining research development u industry high labour costs union work rules oil prices rises u antitrust regulations case study found little evidence factor impact trade deficit reuter
louvre reaffirmation enough u k analysts u west german reaffirmation support louvre accord cannot fundamental problems world economy behind current collapse stock markets london economists said going dollar going allowed said richard jeffrey hoare govett going continued fear pressure emerges dollar fed forced tighten economic recession u obvious effects rest world economists added wall street crash major markets may help curb problems sparked turmoil world inflation fears massive persistent u trade deficits benefit pct fall wall street sort resistance inflation worldwide said dennis brokers james capel comments london tokyo analysts lower personal lower stock prices fears falls dampen credit growth curbing inflationary pressures import demand u say considerations may helping bond markets resist equity crash according mike kleinwort grieveson would government context happened last couple days jack interest rates added stocks surged news chemical bank cut prime lending rate half point pct tuesday u fed chairman alan greenspan pledged support financial system news eroded immediate fears stock collapse would economy via banking crisis example thus recession also helped dollar rally sharply high marks european low economists said today moves long term significance markets try keep underlying fundamentals mind united states able live borrowed time effect crash produce slower economic growth recession contains good news provides realistic assessment u economy said capel dennis added markets still much danger liquidity disappear equity markets dennis noted david morrison goldman sachs international said world market turbulence group seven g leading western nations confirms base dollar implied west german finance minister gerhard stoltenberg remarks intervention support currencies still last week dollar fall partly triggered expectations germans worried money supply impact intervention maintaining currency stability adherence dollar ranges would bad said morrison louvre accord fundamentally stabilise dollar high level wrong said reuter
australian foreign ship ban ends nsw ports hit tug crews new south wales nsw victoria western australia yesterday lifted ban foreign flag ships carrying containers nsw ports still disrupted separate dispute shipping sources said ban imposed week ago pay claim prevented movement port nearly vessels said pay dispute went hearing arbitration commission today meanwhile disruption began today cargo handling ports sydney port said industrial action nsw ports part week action called nsw trades labour council protest changes state workers compensation laws shipping sources said various port unions appear taking turn work short time start shift walk cargo handling ports disrupted container movements affected stopped said said could say long disruption go effect shipping movements reuter
american corp rd qtr shr cts vs cts net vs revs mln vs mln nine mths shr dlrs vs dlrs net vs revs mln vs mln note rd qtr includes charge dlrs cts share costs phase operations reuter
inc year april net shr primary cts vs dlrs shr diluted cts vs cts net vs revs mln vs mln avg shrs primary vs avg shrs diluted vs note latest net includes tax credits dlrs vs dlrs reuter
inc st qtr net shr profit cts vs loss three cts net profit vs loss revs vs reuter
minpeco lifts force majeure zinc ingot shipments spokesman
reagan says trade bill faces veto present form president reagan said would veto house passed trade bill requiring mandatory retaliation unfair trade reached present form statement white house meeting senate republicans legislation said would choice veto bill present form said measure would move us exactly wrong direction towards high tariffs trade barriers trade subsidies slow growth world markets would jobs reuter
peoples heritage bank st qtr net shr cts vs given net vs note net includes securities gains dlrs vs dlrs company went public december reuter
banking center rd qtr net shr cts vs na net vs nine mths shr cts vs na net mln vs note year ago per share amounts available bank converted stock ownership august amounts include operations realtors acquired december operations reuter
group lifts fly stake pct group firms led ps group inc said increased stake ltd depositary units representing limited partners interest units pct total outstanding previous figure approximately units pct filing securities exchange commission group said bought units july october dlrs dlrs share reason given recent purchases reuter
american national corp st qtr net net mln vs mln loans billion vs billion deposits billion vs billion assets billion vs billion note american national corp wholly owned subsidiary first chicago corp reuter
rite aid corp sets quarterly dividend qtly div cts vs cts pay april record april reuter
republic savings loan rd qtr net shr cts vs available net vs nine mths net vs note company converted stock ownership effective august periods end march respectively reuter
corrected goodyear gt sell celeron goodyear tire rubber co said expects sell celeron corp oil gas subsidiary two billion dlrs two months company annual meeting mercer goodyear chairman chief executive officer also said goodyear expects report profit one dlr share continuing operations first quarter year ago period goodyear reported loss cents share continuing operations mercer said seven companies interested buying celeron may form consortium buy unit reuter
dauster says consumers keep quotas consumer countries intervene distribution coffee export quotas brazilian coffee institute president jorio dauster said distribution export quotas hands producers traditional dauster delegate recent coffee told journalists consumers want get involved talks much difficult main consumer country united states main producer brazil failed reach agreement quota distribution international coffee organisation ico met february dauster said brazil role ico meets london september support world coffee pact defend market share argue distribution quotas hands producer countries great deal already said year crop mln bags economic problems position reuter
corp st qtr net shr dlrs vs dlr net vs reuter
wall street stocks ual inc ual takeover speculation continues fuel heavy trading ual inc traders said ual rose volume two mln shares trading little upward movement earlier session traders said rumors began yesterday added speculation company would target takeover said believed coniston partners family chicago buying stock coniston declined comment comment traders said speculation bidder might appear also real estate developer donald trump holds stake ual might participate takeover bid ual pilots said would willing pay billion dlrs includes debt company united airlines unit reuter
p h glatfelter acquiring p h glatfelter co said reached agreement acquire capital stock corp dlrs cash glatfelter printing writing paper maker said operates three sheet light weight specialty paper mill forest n c mill produces converts paper products used foreign tobacco industry glatfelter said expects close deal may reuter
ic industries may sell aerospace unit ic industries inc said board approved second major step reorganization restructuring company implement plan strategic focus consumer goods services company give serious consideration sale abex aerospace defense company realize price return maximum value shareholders abex operating income mln dlrs sales mln dlrs ic said use proceeds asset sale invest new high return businesses consumer goods services field company said authorized program repurchase mln dlrs billion dlrs ic common stock time time conditions warrant also said begin immediate cost reduction program annual operating expenses mln dlrs ic spokesman said cost reduction program involved across board cuts rather specific targeted areas ic board earlier approved plan spin company illinois central gulf railroad shareholders company major subsidiaries inc pepsi cola general international corp corp reuter
first data management completes merger first data management co inc said completed merger data management holding co following approval said shares exchanged dlrs principal amount pct senior subordinated debentures due june reuter
reed says comment harcourt rumours reed international plc reed l said comment make u k stock market rumors harcourt brace jovanovich inc hbj may make bid company order unwelcome offers robert maxwell british printing communication corp l spokeswoman reed said earlier analysts forecasts bid reed mln stg totally adding current market billion stg reuter
singapore petroleum co revises petrol pump prices singapore petroleum co pte ltd revise pump prices petrol june official said grade octane gm lead cents litre cents previously gm lead grade octane cents previously spc price revision follows ministry trade industry move liberalise petrol pricing allowing oil companies set pump prices new grades petrol lower lead content sold singapore today line ministry environment regulations reuter
venezuela sees flat oil price despite u attack world oil prices would remain stable despite u attack iranian oil platforms growing tension gulf venezuelan energy minister arturo hernandez grisanti said monday described situation extremely said gulf military activity would significantly affect prices supply demand roughly equal demand opec crude final quarter mln barrels per day bpd group members pumping mln bpd told news conference hernandez grisanti said supply demand balance prices danger falling current average dlrs per barrel overproduction continued three four members nation organisation petroleum exporting countries exaggerated manner assigned quotas said opec overall ceiling mln bpd reuter
iraq rejects new opec oil quota iraq rejected new opec production quota set vienna second half year official iraqi news agency reported quoted oil minister abdul al returned sunday saying iraq continue adhere position considering included agreement last december iraq rejected assigned first half quota mln bpd demanded share equal mln bpd quota set iran nearly seven year old gulf war accord reached opec ministers vienna saturday set output ceiling mln bpd group members july december raising iraq share mln bpd iran mln reuter
martin processing said accepts dlrs share bid courtaulds plc
ford raises qtly payout cts shr cts
talks set proposed japan telecom merger formal talks scheduled yet among companies involved controversial proposal merge two groups seeking enter japan international telecommunications sector official one group said nothing firmed yet said official international digital communications planning inc idc one groups set last year study competing kokusai denshin denwa co ltd sector britain cable wireless plc cawl l holds pct share idc opposed plans merge rival group international telecom japan inc plan backed post telecommunications ministry cable wireless u based pacific telesis international inc would become core companies merged firm shares equal six major japanese core companies seats board directors britain angry feels moves restrict cable wireless role sector views issue test case idc official declined specify holding talks spokesman c itoh co ltd holds pct idc said meeting may held later week reuter
national westminster bank plc st qtr net net mln vs mln note national westminster bank plc subsidiary loan loss provision mln vs mln investment dlrs vs dlrs figures dollars reuter
fisher shareholder stock buy fisher foods inc said richmond road corp largest shareholder yet reached definitive decision whether buy fisher stock possible merger tender offer another acquisition proposal delaware corporation formed american foods inc holding co companies owns mln shares fisher pct outstanding common stock fisher said announced april would make decision june move fisher said also told continue explore possible advantages various acquisition proposals also said continuing discuss various financial groups possible financing move gave indication financing proposal would finalized fisher said reuter
icco buffer stock manager buy tonnes cocoa monday june official
icn icn five pct icn pharmaceuticals inc told securities exchange commission acquired shares international corp pct total outstanding common stock icn said bought stake mln dlrs investment plans seek control company participate management reuter
buys plant corp said acquired plant ecuador undisclosed terms company said acquisition result sales three mln pounds annually reuter
honeywell hon cites cost cutting gain honeywell inc said gain pct first quarter operating earnings result cost cutting efforts began last year honeywell reported first quarter operating earnings rose mln dlrs cts share mln dlrs cts period year ago better operating results company three sectors offset higher interest costs first quarter due financing december acquisition sperry aerospace sharing federal systems subsidiary pre tax profit honeywell bull inc honeywell said first quarter results show clear benefits restructuring chairman spencer said businesses producing better results last year even though see significant improvement external market environment said total orders first quarter substantially sharp increase aerospace defense orders addition new sperry aerospace group said domestic industrial automation control orders modestly higher period said orders honeywell home building automation control business flat u international markets said international orders increased greatest strength europe honeywell said company said year end intends complete repurchase mln shares remaining five mln share buyback program began reuter
world market price upland cotton usda u agriculture department announced prevailing world market price adjusted u quality location strict low inch upland cotton cts per lb effect midnight april adjusted world price average u producing locations near texas adjusted qualities locations price used determining first cotton certificate payment rates department said since adjusted world price loan repayment rate cts per lb base quality first cotton certificates issued period based data week ended april adjusted world price upland cotton determined follows cts per lb northern european price adjustments average u spot location inch cotton average u location sum adjustments adjusted world price reuter
raytheon net rises operations raytheon said pct rise first quarter net mln dlrs reflected improved operations lower effective tax rate company said revenue gains electronics major appliances lines offset energy services aircraft products revenues quarter rose pct billion dlrs said company said backlog stood billion dlrs billion dlrs year earlier said five year billion dlr u defense contract awarded shortly close first quarter reuter
technology inc st qtr net shr seven cts vs six cts net vs revs mln vs mln avg shrs vs reuter
dayton hudson said told buyer stock interested acquired
pharmacontrol acquires unit pharmacontrol corp said acquired private inc inc six mln dlrs cash dlr promissory note warrants buy pharmacontrol common shares pharmacontrol said purchase price financed along one mln dlrs working capital secured institutional financing company said dlrs dlrs f principal amount note plus accrued interest payable june balance payable three years pharmacontrol said expects make payment due proceeds proposed offering units consisting convertible subordinated common stock currently file securities exchange commission upon closing public offering company said expects secured institutional financing increase total mln dlrs private primarily engaged manufacture distribution private label counter pharmaceutical products reuter
banks mid america inc st qtr net shr loss cts vs loss cts net profit vs loss assets billion vs billion deposits billion vs billion loans billion vs billion note shr data payment preferred dividends reuter
jannock ltd rd qtr net shr cts vs cts net mln vs mln revs mln vs mln nine mths shr dlrs vs dlrs net mln vs mln revs mln vs mln reuter
prices generally lower coffee auction prices lower week coffee auction grades qualities except better quality ab grades held steady coffee board kenya said board said offered bags sold far coffee year kenya sold bags markets pool overall average price shillings tonne added board offer bags next auction april bags price per kg offered sold average pb aa ab c e total average sale reuter
china seen unlikely raise sugar imports china increase sugar imports substantially year foreign exchange constraints large stocks despite falling production rising domestic demand traders official press said despite rapid increases domestic production last years imbalances supply demand continue extremely serious farmers daily said said plantings fell due removal crop incentives farmers could earn crops technical seed improvements widely official press estimated sugar crop november march mln tonnes mln year earlier domestic consumption six mln tonnes year sugar harvest record tonnes provincial daily said gave year earlier figure output mln tonnes new china news agency said without giving year earlier figure daily said production guangdong province fell estimated mln tonnes mln area sugar dropping supply cane guangdong inadequate newspaper said processing costs rising economic situation nearly mills good guarantee supply cane major problem western diplomat said sugar output also fell n fujian south china fourth major producer drop area planted said rural sectors guangdong fujian developed enabling farmers choose crops according maximum return meaning many avoided sugar farmers daily said province could gross yuan one hectares soybeans yuan one corn one sugarbeet paper said profit margin mills china fell pct last year pct mills lacked capital modernise raw added resulted falling rates big mills price sugar changed years official press said customs figures showed china imported mln tonnes sugar calendar mln diplomat said stocks end august mln tonnes year earlier foreign trader said china accumulated large stocks provincial authorities allowed import sugar authority practice stopped central government resumed control imports china lacked storage much imports stored inland areas diplomat said trader said stocks areas consumers east south china problem particularly coal priority quickly move sugar one factor determining import levels said another factor quality harvest cuba china major supplier barter trade said china bought two cargoes last week dlrs tonne added china buyer cuban harvest bad go open market japanese trader said peking major concern regarding imports price foreign trade situation improved year foreign exchange restraints said diplomat said domestic demand rising five pct year communist government much better position regulate demand one foreign exchange situation demands reuter
plough corp rd qtr net shr cts vs cts net mln vs mln sales mln vs mln nine mths shr dlrs vs dlrs net mln vs mln sales billion vs billion avg shrs mln vs mln reuter
fluorocarbon completes acquisition fluorocarbon co said completed acquisition corp industrial division company said paid mln dlrs cash division renamed samuel moore group fluorocarbon also said division boost annual sales mln dlrs last year mln dlrs reuter
inc payout qtly div cts vs cts prior pay may record april reuter
consensus seen tin pact extension quarterly session international tin council itc continued without formal agreement extension sixth international tin agreement ita delegates said apparent general consensus agreement prolonged delegations still awaiting formal capitals informally indicated favour extension delegates said afternoon session used delegates seek clarification issues involved discuss internal matters sources optimistic resolution extension could passed tomorrow others suggested special session would convened adopt resolution association tin producing countries meeting april full council session resumes tomorrow gmt european community coordination meeting reuter
corp rd qtr net shr cts vs cts net vs nine mths shr cts net vs assets mln vs mln loans mln vs mln deposits mln vs mln note nine mths per share available bank convert stock form may reuter
reagan int l rubber agreement senate president reagan sent five year international natural rubber agreement senate approval reagan said accord designed stabilize rubber prices without long term market trends foster expanded natural rubber supplies reasonable prices continues buffer stock tonnes established agreement used defend regularly adjusted price range financed equally importing exporting members agreement reuter
circle express terminates planned acquisition overland express
u house speaker wright concerned interest rate rise greenspan
frontier buys malpractice business frontier insurance group inc said acquired malpractice book business generated medical inc medical professional liability agency ltd producer medical malpractice coverage said acquisition enable frontier medical malpractice coverage reuter
industries inc rd qtr oct three shr cts vs cts net mln vs sales mln vs mln nine mths shr dlrs vs cts net mln vs mln sales billion vs billion note share adjusted two one stock split april reuter
air corp see rd qtr net shr cts vs cts net vs revs mln vs mln nine mths shr dlrs vs dlrs net mln vs mln revs mln vs mln reuter
great country bank year may net shr cts vs n net dlrs vs dlrs year shr dlrs vs n net four mln dlrs vs mln dlrs assets mln dlrs vs mln dlrs deposits mln dlrs vs mln dlrs loans mln dlrs vs mln dlrs note company give per share earnings converted mutual savings bank stock savings bank january reuter
pep moe jack inc st qtr may two net shr cts vs eight cts net vs sales mln vs mln note share adjusted three one stock split payable july holders record july one reuter
gillette says revlon asked board consent dlrs per share offer
industries inc nd qtr net april end oper shr cts vs cts oper net vs sales mln vs mln orders mln vs mln st half oper shr cts vs cts oper net vs mln sales mln vs mln orders mln vs mln backlog mln vs mln note prior year net excludes losses discontinued operations mln dlrs quarter mln dlrs half net excludes tax credit dlrs vs credit reversal dlrs quarter credit dlrs vs nil half results include corp december purchase corp march purchase orders exclude mln dlrs acquired acquisition backlog january mln dlrs average shares mln vs mln quarter mln vs mln half income tax provisions dlrs vs dlrs quarter dlrs vs dlrs half current quarter tax rate pct benefited wisconsin department revenue decision company said reuter
inc rd qtr jan loss shr loss five cts vs loss six cts net loss vs loss sales vs nine mths shr loss cts vs loss cts net loss vs loss sales vs reuter
kenya pct sdr kenya devalued pct special drawing right sdr response decline dollar last last week bankers said central bank kenya set sdr compared rate force since last devaluation march kenyan lost pct value sdr year series designed keep value dollar shillings reuter
stoltenberg assumes cooperation continue west german government assumes commitment international monetary cooperation renewed washington last month continue finance ministry spokesman quoted finance minister gerhard stoltenberg saying stoltenberg statement reaction criticism rises west german interest rates voiced u treasury secretary james baker weekend reuter
marine corp rd qtr net shr cts vs cts net vs nine mths shr cts vs cts net vs note earnings per share reflect initial public offering common shares march stock splits january june reuter
farm fresh inc rd qtr net shr one cts vs cts net vs revs mln vs mln nine mths shr cts vs cts net vs revs mln vs mln reuter
communications satellite corp st qtr net shr cts vs cts div cts vs cts prior net mln vs mln note qtr net mln dlr reserve potential refund result federal communications commission continuing rate investigation company said believes refunds may make would materially affect financial position reuter
union planters acquisitions approved union planters corp said received regulatory approvals previously announced acquisitions financial corp first citizens bank approval acquisition merchants state holding co expected within days completed second quarter said reuter
systems corp year loss year ended march shr loss three cts vs profit cts net loss vs profit sales vs avg shrs vs reuter
dupont unit raises crude oil postings conoco inc subsidiary dupont dd said raised contract price pay grades crude oil cts barrel effective yesterday increase brings conoco posted price west texas intermediate dlrs barrel west texas sour grade api stands dlrs barrel light louisiana also raised cts dlrs barrel conoco last changed crude postings may reuter
w german cocoa grind pct first quarter west german cocoa grind rose pct tonnes first quarter tonnes quarter bonn based confectionery industry association said statement reuter
canada stocks dome petroleum ltd dmp dome petroleum ltd shares moved higher u canada transcanada pipelines ltd trp made billion canadian dlr bid dome dome said talks two unidentified companies market speculation two potential bidders canadian companies dupont dd conoco atlantic richfield co arc mentioned possibilities wilf gobert peters co ltd said dome rose american stock exchange transcanada pipelines new york stock exchange dome active stock toronto exchange dlrs per share cts gobert characterized market action dome optimistic said investors hoping competing offer shareholders transcanada pipelines offer dome management shareholders however proposes issuing new equity subsidiary would operate dome assets current dome shareholders would pct new subsidiary reuter
sainsbury says taking control shaw supermarkets dlrs share
nat west cuts mortgage rate new borrowers national westminster bank plc nwbl l announced pct reduction mortgage interest rate applicable new mortgages taken june new rate pct apr annual percentage rate pct including fees normal repayment mortgages pct including fees pension mortgages spokesman nat west said position existing mortgages kept active review light market conditions announcement made soon possible reuter
sainsbury taking control shaw supermarkets j sainsbury plc l said agreed take control u shaw supermarkets inc combination share purchases tender offer dlrs share sainsbury bought pct stock said u subsidiary investments inc bought mln common shares controlling davis family yesterday dlrs share mln dlrs lifting stake pct tender offer outstanding shares launched also dlrs share maximum cost mln shaw board davis family agreed accept offer thus sainsbury total holding pct company allotted mln new ordinary shares warburg securities ltd said would sufficient finance mln dlrs maximum mln dlrs payable shaw operates chain supermarkets massachusetts maine new hampshire produced sales dlrs pretax profit mln end net assets mln dlrs last september sainsbury increased stake shaw pct year march reported rise pretax profit mln stg mln sales increased billion billion sainsbury shares fallen five pence announcement p last night close news deal reuter
pioneer savings bank inc nd qtr net march end shr cts vs cts net vs avg shrs vs st half shr dlrs vs dlrs net vs avg shrs vs reuter
foothill standstill accord foothill group inc said reached standstill agreement santa cruz resources inc parent resources inc bars companies acquiring pct interest foothill except business combination approved foothill board company also said santa cruz advised owns pct foothill outstanding common stock addition santa cruz agreed vote shares accordance foothill board connection certain business combinations certain anti takeover matters foothill said foothill said arrangement also bars santa cruz tendering foothill securities owned tender offer unless certain unspecified conditions met reuter
martin processing accepts courtaulds bid martin processing inc said board approved agreement acquired courtaulds plc l dlrs share company said transaction valued mln dlrs based shares stock outstanding said courtaulds privately agreed purchase majority martin common trusts established julius dlrs share said courtaulds intends conduct tender offer martin stock beginning soon necessary documents prepared reuter
portuguese consumer prices pct march portugal consumer prices rose pct march one pct increase february pct rise march national statistics institute said consumer price index base rose february compared march gave year year march inflation rate pct pct february pct march measured annual average rate inflation march pct compared pct february government forecasts annual inflation eight pct year reuter
california water service co rd qtr shr dlrs vs dlrs net vs revs mln vs mln nine mths shr dlrs vs dlrs net vs revs mln vs mln note nine mth figures include mln dlr cts per share gain resulting change accounting method revenues reuter
holders takeover inc said shareholders approved dlr acquisition systems inc acquisition would cts per share reuter
fortune fin l unit makes acquisition fortune financial group inc said fortune savings bank acquired financial security savings loan association branch fla terms disclosed new fortune savings bank office mln dlrs deposits june meanwhile acquisition marine savings loan association florida four offices fla awaiting regulatory approval reuter
north side savings bank th sept shr cts vs cts net vs year shr dlrs vs cts net vs note year excludes dlrs tax credits th qtr year excludes gain dlrs dlrs respectively tax credits per share amounts april date bank conversion stock ownership reuter
cable systems inc th qtr net shr nil vs nil net revs vs avg shrs vs year shr nil vs nil net vs revs vs avg shrs vs note share adjusted one reverse split reuter
five cents savings st qtr net shr cts vs cts net vs assets mln vs mln deposits mln vs mln loans mln vs mln note full name company five cents savings bank reuter
shamrock capital completes central soya sale shamrock capital l p limited partnership led shamrock holdings inc said completed sale central soya co inc ferruzzi agricola finanziaria italy terms sale agreement announced september ferruzzi acquired equity central soya assumed subordinated term debt mln dlrs transaction valued mln dlrs reuter
cpc international cpc completes asian sale cpc international inc said completed previously announced transactions involving grocery products businesses four asian countries ajinomoto co inc raising mln dlrs said receive mln dlrs later mostly month closings expected three countries proceeds used mostly debt reduction cpc said ajinomoto purchased equity foods co ltd joint venture japan two companies cpc get fees trademark technology use cpc said ajinomoto also purchasing pct interests cpc wholly owned subsidiaries hong kong malaysia philippines singapore taiwan thailand reuter
hadson corp completes acquisition hadson corp said completed acquisition pct seaxe energy corp common stock shares hadson stock seaxe engaged international oil gas exploration development primarily paris basin france reuter
german producer prices rise pct may west german producer prices rose pct may compared april stand pct lower may last year federal statistics office said april producer prices fell pct march dropped pct levels year earlier statistics office said producer prices liquefied gas fell pct may april heavy heating oil prices declined pct lead prices rose pct silver prices increased pct reuter
brazil sept trade surplus highest year brazil september trade surplus best far year totalling billion dlrs compared billion dlrs august mln dlrs september last year banco brasil foreign trade department cacex director said news conference september exports billion dlrs slightly billion dlrs august imports september amounted billion dlrs billion dlrs august said accumulated surplus jan sept period billion dlrs compared billion dlrs similar period coffee accounted mln dlrs exports mln dlrs august mln september said cacex director said expected country trade surplus average mln dlrs remaining three months year estimating year overall surplus reach billion dlrs billion dlrs worth exports billion dlrs imports attributed good surplus exports manufactured goods mentioned car exports accounted alone sales mln dlrs jan sept period mln dlrs similar period reuter
inc st qtr march net shr profit five cts vs loss cts net profit vs loss revs mln vs note net includes dlr tax credit reuter
industries rd qtr net shr loss eight cts vs profit six cts net loss vs profit sales mln vs mln avg shrs vs nine mths shr profit cts vs profit cts net profit vs profit sales mln vs mln avg shrs vs reuter
malaysia manufacturing exports rise pct malaysia manufacturing exports rose pct billion ringgit chairman export promotion council abdul said improved export performance led electrical electronic products textiles footwear clothing processed food timber chemical rubber products told news conference however total gross exports year declined pct billion ringgit billion due fall major commodity exports weak prices said reuter
fed expected set customer repurchases federal reserve expected intervene government securities market supply temporary reserves indirectly via customer repurchase agreements economists said economists expect fed billion dlrs customer repos offset pressures end two week bank reserve maintenance period today also look permanent reserve injection offset seasonal pressures via outright purchase bills afternoon federal funds rate opened pct remained level yesterday pct average reuter
ps group inc qtly dividend shr cts vs cts prior qtr pay may record april reuter
rooter inc rd qtr net shr cts vs cts net vs revs mln vs mln nine mths shr cts vs cts net vs revs mln vs mln reuter
allied signal ald completes sale mpb corp allied signal inc said completed sale mpb corp unit bearing acquisition corp mln dlrs plus assumption certain mpb liabilities headquartered n h mpb designs makes precision ball used aerospace ordnance computer applications allied signal said unit sales mln dlrs noted sale newly formed bearing acquisition announced may allied signal said bearing acquisition newly formed corporation owned investors group organized harold donaldson lufkin jenrette securities corp wells fargo bank provided senior debt financing bearing acquisition donaldson lufkin jenrette provided bridge financing form subordinated notes preferred stock common stock amount sufficient fund purchase price allied signal added reuter
systems inc rd qtr may loss shr loss cts vs loss five cts net loss vs loss sales mln vs mln avg shrs vs nine mths shr loss dlrs vs profit cts net loss vs profit avg shrs vs reuter
phelps dodge sees stronger copper prices phelps dodge corp officials said good fundamentals copper markets lead improving prices metal interview reuters chairman g robert durham said continued strong demand low inventories pushed prices eight nine pct new york commodities exchange last month customers country living trucks said referring tightness supply strong demand fundamentals good asked metal prices continue rise durham said know fundamentals cannot ignored said copper supplies lower almost years last year copper demand second highest record behind said phelps dodge nation largest copper company annual production expected reach tons year interview executive vice president douglas said believed matter time copper price rose many new projects coming demand short major recession continue grow modestly copper july delivery rose two cts pound cents comex trading today one cent pound rise copper prices yields mln dlrs annual earnings phelps dodge company said demand good construction areas said new production later year utah mine owned corp unit british petroleum co plc bp standard oil co mine new guinea phelps dodge expanded ariz mine offset production mexico zambia said durham said production costs new mexico located mine line conventional copper production company mines fourth quarter company total production costs including depreciation interest corporate expense cts pound late said reuter
trans national leasing inc year loss shr loss cts vs profit cts net loss vs profit revs vs reuter
philip crosby associates inc th qtr net shr three cts vs cts net vs revs mln vs year shr cts vs cts net vs revs mln vs mln reuter
allegis aeg westin sets news conference sale westin hotels resorts subsidiary allegis corp said hold press conference october near san francisco discuss pending sale hotel chain allegis allegis said plans sell westin announced deal set reuter
chemical new york corp st qtr shr dlrs vs dlrs
rte corp rte buys emhart corp unit rte corp said completed purchase emhart corp united states aluminum electrolytic business undisclosed sum company said business part emhart electrical electronic group marketed brand name company said product lines acquired sales mln dlrs last year reuter
willis faber selling morgan grenfell stake willis faber plc said pct holding stockbrokers morgan grenfell group plc l sale insurance broker issued statement reply recent press speculation said part inaccurate willis faber received offers stake morgan grenfell said adding offer would considered merits willis faber stake morgan grenfell successful investment said reuter
south korea leading indicators rise february south korea index leading indicators rose pct base february pct rise january stand pct higher provisional economic planning board figures show index based indicators include export values letters credit received warehouse stocks money supply figures composite stock exchange index reuter
mayfair super markets inc nd qtr net qtr ends feb shr class cts vs cts shr class b cts vs cts net vs revs vs six mths shr class dlrs vs cts shr class b dlrs vs cts net vs revs vs note qtr six mths prior figures reflect two one stock split august reuter
xerox affiliate sell african unit xerox corp affiliate rank xerox ltd said signed definitive agreement sell rank xerox south africa pty ltd affiliate altron group undisclosed terms xerox said preliminary agreement sell affiliate fintech altron unit reached march xerox said completion sale approval fintech shareholders review johannesburg stock exchange rank xerox south africa founded wholly owned unit rank xerox xerox affiliate manufactures markets xerox products eastern hemisphere rank xerox said man workforce rank xerox south africa pct black asian company become wholly owned unit altron reuter
commonwealth bank cuts australian split prime commonwealth bank australia said lower reference rate loans pct pct overdraft reference rate pct effective june bank officials said bank regards overdraft reference rate based short term rate trends key prime lending rate corporate customers loan reference rate based longer term trends bank latest cut prime rates recent days following continuing decline market rates prime rates range pct pct reuter
cis agrees second extension cis technologies inc said swiss reinsurance co zurich switzerland agreed second extension two dates final part share purchase agreement said june one election date extended june june closing date changed july reuter
acquire prince co mln dlrs
waste recovery inc th qtr net shr loss eight cts vs loss nine cts net loss vs loss revs vs avg shrs vs year shr loss cts vs loss cts net loss vs loss revs vs avg shrs vs reuter
merrill corp st qtr april net shr cts vs cts net vs revs mln vs mln avg shrs vs reuter
financial news network inc nd qtr net qtr ended february shr six cts vs three cts net vs rev mln vs mln avg shares vs six months shr cts vs five cts net vs rev mln vs mln avg shares vs reuter
cotton threatened lack storage tonnes harvested raw cotton may rain tanzania northern region stored open crude radio tanzania reported cotton worth one billion shillings cannot moved region mill warehouses full many mills working lack spare parts added agriculture ministry officials forecast cotton harvest tonnes reuter
oil gas ltd st qtr net shr three cts vs three cts net vs revs vs avg shrs vs reuter
rio de janeiro ibc estimates coffee crop mln bags
transatlantic row louvre accord dealers louvre accord currency stability maintained calm currency markets since last february appeared serious danger today transatlantic dispute west german interest rates came foreign exchange dealers said dollar slid mark world stock bond markets plunged officials major industrial countries played dispute bilateral problem united states west germany insisted currency pact still alive u treasury secretary james baker sparked market fears attacked rise west german short term interest rates keeping spirit agreed recently earlier month washington baker said u television interview sunday referring meetings finance ministers group seven g leading industrial nations reaffirmed pact louvre accord west germany japan large trade surpluses pledged boost economic growth take exports u u agreed stop talking dollar however baker said saturday louvre agreement still operative west german interest rate move would force u examine accord foreign exchange market told baker going hammer germany declared terms currency cooperation chris currency analyst phillips drew london said bank japan official took much view telling reuters exchange market apparently reacting much anyone sold dollar baker comment regret later french finance minister edouard balladur louvre meeting one g finance ministers respond directly baker remarks called firm adherence major industrial countries louvre accords letter spirit neither west german finance ministry british treasury commented row japanese finance ministry official said despite u frustration higher interest rates abroad represent scrap basic framework louvre accord frankfurt f wilhelm christians joint chief executive west germany largest bank deutsche bank said following recent meetings baker believed u still committed accord move market interpreted possible gesture bundesbank added short term liquidity west german money market pct monday pct level injected medium term liquidity last week bank france also stepped french money market hold rates short term liquidity pct rates rose close eight pct reuter
corp rd qtr oct two shr cts vs cts net vs revs mln vs mln nine mths shr cts vs cts net vs revs mln vs mln note rd qtr nine mths revs includes sales inc mln dlrs mln dlrs rd qtr nine mths includes sales mln dlrs mln dlrs reuter
portuguese unemployment steady first quarter unemployment portugal held steady pct first quarter rate last quarter national statistics institute said compared pct unemployment first quarter total number registered unemployed first quarter year reuter
usair u says dot public counsel backs merger usair group inc said u department transportation office public counsel urged expedited non hearing procedures used proposed acquisition piedmont aviation inc pie company said america west airlines inc party opposition acquisition department transportation asked parties submit statements june either supporting opposing acquisition usair said piedmont requested expedited approval acquisition company said office public counsel could find evidence acquisition would substantially lessen competition market reuter
work greek alumina plant start end may work construction mln dlr alumina plant near greek province begin end next month plant operational industry undersecretary george said greece yesterday signed contracts soviet union joint venture project biggest investment country years said soviet union initially agreed buy tonnes would purchase plant entire output tonnes year reuter
ccr video talks acquired ccr video corp said received offer enter negotiations intercep investment corp acquire controlling interest tender offer company said negotiations would determine terms ccr board directors could support intercep tender offer gave details reuter
buy rci unit assets inc said agreed principle buy u assets chemicals inc sterling group manufactures electrical industrial resins develops coatings electronics industry terms undisclosed said acquired sterling group canadian assets february said u acquisition adds mln dlrs annual sales volume reuter
oecd consumer prices rise february consumer prices countries organisation economic cooperation development oecd rose pct february inflation rose pct year year oecd said communique oecd attributed rise consumer prices effects february drop energy prices working way index february increase less pct increase slightly average later months inflation western industrialised nations january revised pct year year retail energy prices rose pct less january pct increase energy prices consumers still nine pct lower year earlier said consumer prices excluding food energy rose pct february line previous months although acceleration u britain among leading seven industrial countries consumer price inflation highest italy pct followed canada pct britain pct france pct u pct west germany japan negative rates pct pct respectively reuter
erc international inc erc rd qtr net shr cts vs nine cts net vs revs mln vs mln nine mths shr cts vs cts net vs revs mln vs mln note qtr nine mths include loss dlrs cts per share loss dlrs cts per share respectively discontinued operations reuter
citizens financial group inc rd qtr shr cts vs cts net vs nine mths shr dlrs vs dlrs net mln vs mln assets billion vs billion note prior year amounts restated reflect stock split effective may reuter
bristol myers co bmy rd qtr net shr cts vs cts net mln vs mln sales billion vs billion nine mths shr dlrs vs dlrs net mln vs mln sales billion vs billion note share adjusted two one stock split reuter
franklin california sets monthly payout mthly div cts vs cts prior pay april reord april note franklin california insured tax free income fund reuter
u february trade reported new basis february monthly merchandise trade figures reported tuesday commerce department new basis reflecting recent data avoiding future revisions monthly figure commerce officials said overall january deficit billion dlrs revised february figure final one officials said previously initial monthly figure revised subsequent months time lag report compiling final estimates imports exports reporting february trade data delayed several weeks permit gathering latest figures imports exports give clearer picture monthly trade balance reuter
gaf gaf seeks information borg warner bor gaf corp said exploring options response merrill lynch capital partners billion dlr offer borg warner corp asked information supplied merrill lynch gaf spokesman said company asked information order enable gaf fully evaluate alternatives spokesman also confirmed gaf raise bid dlrs cash dlrs per share friday merrill offering dlrs per share cash pct borg warner package cash securities balance transaction merrill lynch take borg warner private form leveraged buyout merrill lynch intend sell borg warner assets may forced financing deal said sources familiar transaction borg warner said management transaction managers retain positions investors involved merrill include pension funds insurance companies institutional investors sources said analysts believe gaf owns pct borg warner raise offer speculation drove borg warner stock heavy trading gaf closed reuter
elders happy leave carling shares outstanding elders ixl ltd elxa says happy leave preferences shares brewer carling keefe ltd outstanding undisclosed bidder made offer acquire carling outstanding preferred stock elders owns pct carling outstanding common shares previously proposed redeem carling series preferred shares canadian dlrs redeem series b dlrs share series b preferred shares carry vote dividends paid elders says neither carling knows identity bidder carling preferred shares may bidder offered acquire carling preferred dlrs series dlrs series b share elders said leaving carling preferred shares outstanding affect ongoing plans company series b preferred shareholders previously rejected carling proposal redeem shares series preferred shareholders meeting adjourned june reuter
general instrument corp th qtr loss ended feb shr loss dlrs vs profit cts net loss mln vs profit revs mln vs mln year shr loss dlrs vs loss dlrs net loss mln vs loss mln revs mln vs mln note includes loss mln dlrs vs loss mln dlrs year loss mln dlrs current qtr discontinued operations qtr includes pretax gain five mln dlrs settlement litigation tax gain mln dlrs change estimated effective tax rate reuter
dayton hudson dh interested acquisition dayton hudson corp letter employees said told aggressive buyer company stock want acquired dayton hudson spokeswoman would identify buyer wall street sources said dart group corp darta company interested buying dayton hudson stock wall street sources said dart group expected soon file statement securities exchange commission dayton hudson stock according letter company dayton hudson management moved two fend takeover according letter chairman kenneth expressed group buying stock company desire remain independent dayton hudson thursday night met minnesota governor appealing legislative help spokesman governor earlier said governor expected later today recommend state anti takeover law help retailer defend minnesota house speaker designate said legislators would probably look language similar contained indiana new york law said amendment proposed would probably designed thwart company dismantling company profit obviously dayton hudson people feel whatever would protect enough said reuter
u k april industrial output rises pct manufacturing pct official
gulf western gw ups interest network usa network today said acquired time inc tl one third interest network network formerly joint venture time gulf western inc mca inc mca said gulf western mca previously held one third interest jointly usa network basis terms disclosed usa network said usa network supported entertainment basic cable network reaching mln homes cable systems reuter
stoltenberg rule intervention west german finance minister gerhard stoltenberg said could rule possibility central bank intervention support currencies asked news conference whether central banks prepared intervene defend currencies said cannot rule use instrument leads foreign currency stability however added end market forces reuter
polaroid corp rd qtr sept shr cts vs cts net mln vs mln revs mln vs mln nine mths shr dlrs vs dlrs net mln vs mln revs billion vs billion note net adjusted account recent split company common qtr includes seven cts per shr gain due net tax foreign currency exchange effect reuter
texaco canada raises crude oil postings canadian cts bbl light sweet dlrs bbl
great american first savings rd qtr net shr primary cts vs dlrs shr diluted cts vs cts net mln vs mln nine mths shr primary dlrs vs dlrs shr diluted dlrs vs dlrs net mln vs mln assets billion vs billion deposits billion vs billion loans billion vs billion reuter
hawkins chemical inc nd qtr mar net shr cts vs six cts net vs sales vs six mths shr cts vs cts net vs sales mln vs mln note per share earnings adjusted ten pct stock dividend paid february reuter
stoltenberg sees moves strengthen paris accord west german finance minister gerhard stoltenberg said today meetings major industrial countries would look ways strengthening paris accord stabilizing foreign exchange rates stoltenberg told journalists saw fundamental weakness february agreement group five countries canada keep exchange rates near current levels declined say measures would discussed ahead communique group seven ministers later today stoltenberg bundesbank president karl otto poehl said importance paris agreement also known louvre accord stoltenberg said greater agreement among major countries six months ago time annual meeting international monetary fund world bank marked sharp united states major trading partners fundamental weakness paris accord said looking ways strengthening want discuss stoltenberg said louvre agreement working despite slight firming yen dollar poehl noted dollar mark unchanged since february without bundesbank sell marks support dollar louvre agreement market said poehl said west germany lived side bargain paris preparing way tax cuts accelerated way stimulating growth poehl said however japan yet fulfilled pledges economic stimulation see united states able promised paris reducing budget deficit get congress added stoltenberg reiterated west german concern fall dollar noting mark pct dollar nearly pct trade weighted basis cannot expect go economy german problem european problem said reuter
u house passes gulf bill despite opposition u house representatives approved bill requires reagan administration provide congress report gulf policy place restrictions actions bill passed winning necessary two thirds voting despite last minute alliance liberal democrats conservative republicans sought signal growing number legislators oppose president reagan policies region legislation passed wake may th iraqi missile attack u gulf killed americans reagan decision protect kuwaiti oil tankers putting u flags effectively making american ships legislation supported congress democratic republican leadership well administration required defense secretary caspar weinberger provide report congress within seven days plans protect u warships flag ships persian gulf however place restrictions administration proceeds kuwaiti ships thus immediate effect u policy senate expected approve legislation week bill would sent reagan signature bill said passage bill first step toward greater congressional involvement policy democratic critics said bill ask administration address tough policy questions report reuter
pennsylvania enterprises bid stands utilities investment inc said still offering acquire pennsylvania enterprises inc dlrs per share said prepared negotiate offer pennsylvania enterprises board rejected offer two weeks ago inadequate utilities said financial commitments required ensure pennsylvania enterprises facilities would upgraded insure adequate supply safe water said representatives attending pennsylvania enterprises annual meeting tomorrow pa reuter
kuwaiti dinar rates firm aid window open interest rates kuwaiti dinar deposits held firm scattered trading despite central bank decision revive limited funding lines dealers said central bank last tuesday shut daily aid window lent funds one year reopened facility three month money available seven pct said offered one month funds seven pct swap facilities dealers said today central bank action combined sales dollars banks helped ease recent credit engineered monetary authority stem rush u currency arising attractive u interest rates gulf tension dealers said however one dealer noted market still unsettled overnight funds bid pct business traded pct easing liquidity offers pct close tomorrow next buy sell quotes started pct ended eight spot next indicated seven opening bids dealers quoted one week eight seven early one month rates level trade eight dealers quoted three months seven pct six month one year funds seven six pct reported offshore offers overnight tomorrow next eight one year pct towards close central bank fixed dinar exchange rate steady dollar yesterday spot dinar reuter
u k unemployment falls three mln may u k unemployment fell record provisional seasonally adjusted may total mln pct workforce employment department said april seasonally adjusted unemployment fell revised mln pct said unadjusted jobless total may including school fell record mln pct april mln pct may eleventh successive decline peak last summer pct employment department said unemployment fallen three mln first time three years may fall largest drop since records first kept employment minister norman said regions seen average falls long term unemployment past year added last time adjusted total unemployed three mln july unadjusted total last level june reuter
industries inc st qtr sept shr cts vs cts net vs sales mln vs mln avg shrs mln vs mln reuter
b f goodrich canada studies plant quebec government said joined b f goodrich canada inc study building plant montreal plant would supply manufacturers construction materials eastern canada northeastern u government officials said said plant would cost mln canadian dlrs production beginning economic conditions right quebec government said wants project proceed would provide future demand inc petrochemical products jointly owned union carbide canada ltd quebec government industrial development group montreal plant would provide raw material project quebec said also wants pipe line ltd adapt pipeline montreal carry natural gas liquids decision made federal national energy board said pipeline could provide feedstock one third cost moving rail reuter
society savings bancorp rd qtr shr cts vs cts net vs nine mths shr dlrs vs dlrs net mln vs mln assets billion vs billion deposits billion vs billion note nine mths includes gain dlrs nine cts per share utilization prior year net operating loss carryforwards note qtr nine mths include loss dlrs one cent per share unspecified extraordinary item qtr nine mths includes gain dlrs cts per share dlrs cts per share respectively utilization net operating loss carryforwards full name company society savings bancorp inc reuter
venezuela sees oil stability despite gulf attack venezuelan energy minister arturo hernandez grisanti said foresaw market stability price crude despite growing tension gulf u military attack iranian oil platform told news conference market continues stable despite military action gulf reuter
newmont nem stake du pont dd declines newmont mining corp held du pont co shares pct outstanding end shares pct outstanding held year earlier newmont annual report said corrects march item show holdings decreased reuter
products corp atpc rd qtr net shr cts vs cts net vs revs mln vs nine mths shr dlrs vs cts net vs revs mln vs mln reuter
corby distilleries buy heublein unit corby distilleries ltd said agreed buy toronto based mcguinness distillers ltd heublein inc mln dlrs move corby expects add significantly domestic earnings subsidiary grand metropolitan plc l corby said mcguinness remain business unit sales force mcguinness markets entered fast expanding wine market corby said corby said expects benefit mcguinness introduction strength traditional market sectors heublein said sale include mcguinness wines ltd canadian wine company heublein said still represented canada canada inc reuter reuter
international power machines th qtr loss shr loss cts vs loss cts net loss vs loss revs vs year shr loss cts vs loss dlrs net loss vs loss revs mln vs mln note net includes adjustment inventory cost reduction expenses full name international power machines corp reuter
bancorp st qtr net shr cts vs cts net vs loans mln vs mln deposits billion vs mln assets billion vs billion reuter
u trust co raises broker loan rate u trust co said raised broker loan rate pct pct effective immediately bankers trust co bt also quotes broker loan rate publicly raised rate pct earlier today reuter
consolidated fibres inc st qtr net qtr ended sept shr cts vs cts net vs sales mln vs mln reuter
homestead financial corp rd qtr net shr cts vs cts net vs nine mths shr dlrs vs dlrs net vs avg shrs vs note prior nine month figures include extraordinary tax loss mln dlrs cts per share reuter
u money supply falls two billion dlrs u money supply fell two billion dlrs seasonally adjusted billion dlrs march week federal reserve said previous week level revised billion dlrs billion four week moving average rose billion dlrs billion economists polled reuters said would anywhere two billion dlrs billion reuter
amax zinc co raises alloy prices amax zinc co division amax inc said increasing price three five three cents lb effective immediately alloy three cents lb alloy five cents lb company said reuter
u senate panel votes limit county loan rate changes starting crops
iran says combat gulf intervention iranian foreign minister ali warned iran would combat superpower intervention gulf iran powerful country gulf allow foreign forces interfere region said visiting united arab emirates first gulf tour told reporters iran capabilities means prevent president reagan pledged keep gulf open protect kuwaiti tankers possible iranian attack reuter
fed johnson says louvre accord alive cites u german differences
gateway federal savings rd qtr net shr cts vs given net vs given nine mths shr dlrs vs given net vs given note full name gateway federal savings loan association latest qtr includes tax credit dlrs cents share latest nine mths includes tax credit dlrs dlrs figures given company went public june reuter
french state sell offs raise billion francs french government privatisation program began late last year earned french state billion francs date finance ministry said sources close finance minister edouard balladur said revenues raised privatisation program would used priority pay public debt stood billion end ministry said communique returns included banking group societe generale pa began two week public flotation last monday government carried eight well private sale telephone group cie generale de constructions telephoniques cgct since scheme began last december sell glass makers saint gobain pa added government pledged privatise state owned industrial banking insurance companies companies sold private sector near future television network later month banking group cie financiere de suez pa autumn ministry said forthcoming sell meant third government programme would completed less nine months balladur sunday rejected press opposition charges share prices privatised companies low said average premium shares trading bourse pct offer price compared premiums pct similar share britain reuter
telex adopts shareholder rights plan telex corp said board adopted shareholder rights plan allow shareholders purchase one common share two dlrs hostile group acquires pct company however company said plan triggered purchases pursuant dlrs share tender offer october unit tlx partners group controlled new york financier asher edelman said rights distributed one one basis shareholders october may redeemed become exercisable five cents per right company said rights expire later february next year days date become exercisable said plan intended protect stockholders attempt take unfair advantage recent decline stock prices use tactics market would interfere ability maximize stockholder value rights become exercisable person group acquires pct company common stock cash tender offer outstanding shares dlrs per share said rights also become exercisable company acquired group agreement made board spokeswoman told reuters company would official response edelman bid friday oct reuter
lawson says countries could cut rates nigel lawson britain chancellor exchequer said countries may need cut interest rates aim maintaining exchange rate stability speaking journalists one day group seven countries reaffirmed goals set paris six weeks ago said central banks would continue intervene necessary said g countries concerned japan stimulate domestic demand welcomed measures outlined japanese finance minister kiichi miyazawa yesterday lawson said still worried risk recession united states japan west germany though less gave march budget speech british parliament anything little bit less concerned still risk said asked united states consider increasing interest rates support dollar said need changes relative interest rates need rise interest rates united states lawson said concern expressed yesterday meetings slow progress united states made reducing budget deficit believe worthwhile progress reducing deficit year important thing continue year year lawson said february louvre accord called efforts stabilize currencies current exchange rates six weeks followed japanese yen continued rise dollar despite massive central bank intervention asked whether intervention sign weakness louvre accord said think intervention would called sign weakness although intervention could cause inflation lawson said world appear inflationary one said yesterday g statement current levels exchange rates appropriate carefully know mean mean thing said lawson said financial markets seem believe japanese measures outlined louvre accord source weakness agreement therefore g countries welcomed miyazawa presentation plans supplemental budget stimulate domestic demand particularly welcomed goal immediate increase public works spending lawson said package also involved second stage increase expenditures second half year reuter
unilever declines comment gillette bid rumours spokesman unilever plc un declined comment market rumours may considering bid u health care group gillette co gs n gillette shares traded counter market london morning stood one dollar higher dlrs response bid speculation unilever dipped p generally depressed u k market analysts dismissed rumours saying old story one commented adding thought unilever would interested gillette gillette shares rose sharply beginning month wall street rumours sir james goldsmith building stake company gillette subject repeated rumours since ronald perelman chairman revlon group inc rev made unsuccessful bid company last year reuter
ball corp rd qtr net shr cts vs cts net vs sales mln vs mln nine mths shr dlrs vs dlrs net vs sales mln vs mln reuter
mitsui real estate development co ltd year ended march group shr yen vs net billion vs billion current billion vs billion operating billion vs billion sales billion vs billion note company said pct increase group current profit year earlier mainly due drop two billion yen interest payments reuter
p transportation services inc net st qtr shr cts vs cts net vs revs mln vs avg shrs vs reuter
bank fsb nd qtr net sept end shr cts net vs six months shr cts net vs assets mln vs mln note company became public dec reuter
bank japan sell billion yen bills bank japan tomorrow sell billion yen bills holdings help absorb projected money market surplus billion money market traders said total billion yen yield pct sales money houses banks securities houses day repurchase agreements maturing august billion yen yield pct day repurchase accords maturing august remaining billion yen yield pct day repurchase agreements maturing august repurchase agreement yields compare pct one month commercial bill discount rate today pct two month bills attributed projected surplus mainly billion yen government tax allocations local governments public bodies reuter
willis faber bids stewart willis faber plc l make agreed mln stg offer fellow insurance broker stewart plc joint statement said offer would basis three willis shares every two stewart valuing stewart share p willis already owns mln shares pct received acceptances stewart directors shares full acceptance offer would involve issue mln new willis shares pct enlarged total companies said proposed merger would bring together businesses largely complementary believed combination would permit effective competition throughout world service provided clients following merger two companies saw significant opportunities growth brokerage income considerable scope improved operating efficiency willis shares suspended friday p trading dropped sharply p stewart shares rose p gmt suspension price p reuter
industries inc sets qtly dividend qtly div cts vs cts prior pay may record may one reuter
london house inc year april net shr cts vs cts net vs revs vs avg shrs mln vs mln reuter
development co inc rd qtr net shr cts vs cts net vs revs mln vs avg shrs mln vs nine mths shr cts vs cts net vs revs mln vs mln avg shrs mln vs reuter
u economy slowdown raises recession fears economy faces growth risk recession year recent improvement u exports economists say growth slow sharply next months due weakness key housing auto sectors could hampered unless consumer spending say factors raise question enough strength keep economy recession said lyle chief economist mortgage bankers association former federal reserve board official commerce department said week economy grew pct annual rate first quarter u monetary official called weak report housing starts fell pct may consumer spending rose weak per cent two largest visible industries autos housing exports picking slack martin senior economist merrill lynch economics told reuters said worried consumer spending may slow inflation rising faster real wages offset u exports must continue rise returning enough jobs manufacturing sector boost personal income consumption says expect see enough improvement real net exports keep recession happening close call said federal reserve board governor martha seger told reporters apparent strength pct growth figure result temporary buildup inventories last said recovery showing seger said recovery stumbling along pace economy lack must monetary policy possibly signal fed economists predict growth slower pct forecast reagan administration warn dollar drops higher inflation result add risk recession said pct rise industrial production may came despite cutbacks output auto industry inventory overhang still exists says boost production came smaller industries like paper chemicals lumber improved sales overseas due drop dollar going enough kind surge economic activity think keep us recession said speech financial week sprinkel chief white house economic adviser predicted trade deficit continue improve prospects continued economic growth still quite favorable said private economists raise concerns inflation allen chief economist shearson lehman brothers inc told congress week inflation would rise five pct year stay level pct increase rise coming sharply lower dollar higher oil energy prices rising prices services said history inflation gets continues said adding would like fed tighten credit major factor affecting inflation value dollar continue fall feed inflation says prominent international banker chairman credit suisse told national press club dollar downward trend yen mark continue years united states world largest debtor nation swiss banker said economic indicators point activity called belief five year boom world equity markets go difficult optimistic said reuter
venezuela obtained million dlrs credits venezuela obtained mln dlrs financing industrial projects also increased lines credit import financing finance minister manuel azpurua said say achieving credit cannot done overnight azpurua said television interview azpurua said credit agreement mln marks signed week german state bank fur finance expansion state aluminum company venalum credit divided two separate agreements one mln marks interest rate pct another mln marks pct azpurua said financing also obtained expansion another state aluminum company well projects state steel petrochemical industries provide details yesterday meeting leaders ruling party azpurua said venezuela obtained two new credits five mln dlrs export financing one credit du nord france midland bank great britain finance minister statements came government sharp criticism failing obtain new credits despite insistence repaying foreign debt according terms rescheduling accord reached last february azpurua senior economic returned trip tokyo last week hoped acquire new credits industrial agreements reached japanese officials also refused allow new issue venezuelan debt bonds country triple credit reuter
completes sale stock investors said completed sale mln dlrs stock citicorp venture capital ltd ventures read co private investors reuter
u k potato futures trading suspended trading london potato futures market suspended richard harris chairman london potato futures association said statement floor members response strong potato marketing board gross price say result large deliveries physical market april futures position expires sought immediate suspension futures trading asked take action restore relationship futures physicals farmers merchants alleged market harris pointed recent investigations association futures brokers dealers international commodities clearing house icch parties found evidence main complaint sections physical market say futures premium average ex farm price april futures traded morning stg per tonne compared average price stg bill joint secretary said two tier market physical potatoes said quality potatoes short supply paying stg per tonne best samples lesser quality grades traded stg merchants fear large tonnage delivered april futures contract end month possibly disrupt physical market harris said rule book allows management committee take steps necessary correct malpractice assured committee monitoring situation reuter
murphy oil said proposing acquire remaining pct canadian subsidiary
u congressman reagan sugar bill rep john r ill introduced house representatives legislation proposed reagan administration slash u sugar price support spokesman said spokesman said bill introduced without changes administration proposal sent congress last month plan calls cut sugar loan rate cents per pound cents sugar growers would compensated price cut targeted direct payments gradually payments growers would cost estimated billion dlrs representatives sugar growers rejected proposal saying would domestic sugar industry reuter
industries inc nd qtr march shr cts vs cts net vs revs mln vs mln six months shr cts vs cts net vs revs mln vs mln reuter
lomas make acquisition lomas financial corp said agreed principle acquire houston discount brokerage firm texas first brokerage services inc undisclosed terms subject regulatory approvals said completion expected july reuter
ccc credit guarantees haiti amended commodity credit corporation ccc amended export credit guarantee program line haiti add one mln dlrs guarantees sales u wood products u agriculture department said action increases value export credit guarantees wood products haiti mln dlrs total value export credit guarantees authorized haiti current fiscal year commodities mln dlrs department said sales must registered exports completed sept noted reuter
cellular communications closes buyout cellular communications inc said unit purchased pct interest cincinnati non wireline cellular system result transaction company said owns pct system cincinnati reuter
cargill confirms white sugar sale india london based trader cargill u k ltd confirmed sold one cargo white sugar india shipment april may yesterday tender price details immediately available traders suggested business done around dlrs tonne cif india tendered one two cargoes white sugar specific requirement shipping period reuter
fed approves citicorp purchase assets sears calif thrift
dixons exploring sale cyclops cyl unit dixons group plc l british concern recently acquired operational control cyclops corp said exploring possibility selling cyclops subsidiary busy beaver building centers inc filing securities exchange commission dixons said determined explore possibility sale following preliminary review business activities cyclops busy beaver building centers pittsburgh pa lumber building materials company dixons control cyclops dlr share tender offer reuter
imperial oil imo raises crude canadian cts canadian imperial oil pct exxon owned said raised posting light sweet crude oil edmonton canadian cts barrel effective today company said new posting light sweet crude oil edmonton canadian dlrs barrel reuter
devices inc th qtr net period ended february shr cts vs cts net vs revs mln vs mln avg shrs vs year shr cts vs cts net vs revs mln vs mln avg shrs vs note year dlr tax provision dlr tax credit year dlr credit anticipated income tax settlement dlr tax provision reuter
ccc accepts bonus poultry egypt usda commodity credit corporation ccc accepted bid two bonus offers cover sale tonnes frozen poultry egypt u agriculture department said poultry shipment november august bonus dlrs per tonne frozen bonuses made foods inc tonnes international ltd tonnes subsidies paid exporters form commodities ccc stocks additional tonnes frozen poultry remain available egypt export enhancement program initiative announced dec feb department said reuter
diamond shamrock raises crude postings diamond shamrock r said raised crude oil contract prices cts barrel effective june company said new posting west texas intermediate crude dlrs barrel price increase follows similar moves several companies reuter
crude oil netbacks sharply europe u crude oil netback values complex refineries rose sharply europe firmed u last friday previous week fell sharply singapore according calculations reuters pipeline firmer tone refining margins europe u higher prices petroleum products particularly gasoline support crude oil prices netback values crude oil refined northern europe rose substantially following strong gains gasoline prices brent valued dlrs cts barrel three pct previous week u gulf sweet crudes rose value cts dlrs west texas intermediate pct sour grades u gulf showed increase cts barrel alaska north slope pct netbacks crude oil refined singapore fell sharply cts much cts barrel ample distillate supplies petroleum product prices singapore valued dlrs decline cts barrel pct previous week refineries mediterranean netback values mostly lower declines seven cts value kuwait crude fell cts dlrs iranian light fell cts dlrs u west coast netback values cif l also jumped sharply cts barrel pct dlrs higher gasoline prices reuter
dutch cocoa processors unhappy icco buffer dutch cocoa processors unhappy buying activities international cocoa organization buffer stock manager industry sources told reuters way operating moment almost nothing support market fact could said actively depressing one company spokesman said including tonnes acquired friday total amount cocoa bought buffer stock manager since recently began support operations totals tonnes despite buying price cocoa well special drawing rights sdrs tonne level obliged buy cocoa market even started operations traders estimated manager would need buy least tonnes maximum prices moved sdr level yet appears reluctant one manufacturer said hoped manager would move market buy tonnes fairly short period simply step back added way manager edge market moment actually depressing sentiment market everyone holding back buying selling waiting see manager next one processor said long buying tactics remain market likely stay see indication alter methods added processors chocolate manufacturers said consumer prices cocoa products unlikely affected buffer stock buying time come reuter
hk shanghai bank standard chartered bank raise prime point pct
norwegian central bank reserves fall may norway central bank reserves totalled billion crowns may billion april billion may central bank said monthly report foreign exchange reserves totalled billion crowns compared billion april billion year ago gold reserves unchanged april mln crowns also unchanged year ago figure central bank special drawing right holdings billion crowns compared billion april billion may reuter
bush industries inc st qtr net shr cts vs cts net vs sales mln vs mln note share adjusted three two stock split february reuter
icn icn buys stake eastman kodak ek icn pharmaceuticals inc said purchased remaining shares viratek inc owned eastman kodak co owned part previously announced program company said paid kodak dlrs share mln dlrs previously announced icn also said authorized additional purchase mln shares viratek common date icn said bought total mln shares viratek including shares purchased kodak company said owns pct viratek result transactions reuter
kiena two one share split approved kiena gold mines ltd said shareholders approved previously reported proposed two one common stock split record date split april kiena said reuter
doe issues royal dutch rd unit energy department said approved final form agreement remaining issues shell oil co oil pricing allocation controls ended agreement royal dutch shell group unit agreed pay mln dlrs settle refiner pricing issues mln dlrs settle crude oil pricing issues doe said doe said making pact final modified reflect shell compliance tertiary incentive program provision version published last dec reuter
royex gold mining nd qtr march net oper shr loss three cts vs loss one ct oper net loss vs loss revs vs six mths oper shr loss eight cts vs loss four cts oper net loss vs loss revs vs note net excludes nd qtr extraordinary gain mln dlrs dlrs shr sale pct stake gold mines ltd full name royex gold mining corp reuter
reebok international limited st qtr shr cts vs cts net mln vs mln revs mln vs mln avg shrs mln vs mln note st quarter amounts includes sales avia group international inc acquired end first quarter st quarter revenues include revenues mln dlrs st quarter amounts include reebok company october reuter
northwestern national life ups payout qtly div cts vs cts prior pay may record april note northwestern national life insurance co reuter
corp rd qtr net shr cts vs cts net vs sales mln vs mln avg shrs mln vs mln nine mths shr cts vs cts net mln vs mln sales mln vs mln avg shrs mln vs mln note rd qtr per share reflects issuance two mln shares initial public offering nine mth results include extraordinary gain dlrs cts reuter
japan approves aid indonesia brazil aluminium japan cabinet approved plan help financially troubled aluminium ventures indonesia brazil official ministry international trade industry miti said japan invest billion yen indonesia asahan aluminium addition billion yen already invested company government private interests equally share additional investment said also provide equal shares billion yen new investment amazon aluminium project brazil addition billion yen already invested japan export import bank cut rates loans asahan five pct seven pct official said interest rates loans japan private banks two projects expected reduced around five pct current seven eight pct agreement yet reached industry sources said rescue scheme asahan billion yen invested indonesia also extend another billion yen company raise indonesia investment ratio pct current pct brazilian government already agreed invest additional billion yen investment totals billion yen stake change pct official said sources said rescue programs two projects larger earlier expected reflecting japan desire help develop economies indonesia brazil stabilise sources aluminium japan depends imports pct aluminium demand totals mln tonnes year said reuter
galaxy sell west texas assets galaxy cablevision l p said signed letter intent sell assets cable television systems west texas serve basic subscribers nine cable television systems terms disclosed galaxy identify buyer company also said make first cash dividend cents per unit august holders record june march galaxy completed public offering mln units mln dlrs acquired assets cable television systems mln dlrs reuter
southern europe strong domestic demand growth strong growth domestic demand key feature economies southern european countries though growth seen slowing year next organisation economic cooperation development said semi annual report oecd said portugal total domestic demand growth would decline pct last year five pct pct slower wage growth restrained private consumption turkey economy grew much faster expected domestic demand surged pct growth expected halved five pct next year spain buoyant domestic demand led fixed investment driving force behind rapid growth gross domestic product fixed investment private consumption expected ease would still remain strong oecd forecast spanish imports would rise sharply next year reflecting strong demand entry european community declining competitiveness greece inflation forecast turn downwards following increase early year linked introduction value added tax surge food prices due cold weather reuter
fidelcor buys new england bkne stake fidelcor inc said acquired substantial portion assets bank new england corp lazere financial corp subsidiary undisclosed terms company said transaction includes lazere loan portfolio assets including lazere miami office reuter
new leader coming u sec era president reagan nominee top nation securities markets agency challenged insider trading scandal stock price host uncertainties stemming financial markets david year old republican law professor northwestern university ill named thursday rd chairman five member u securities exchange commission confirmed senate expected succeed john shad left agency earlier week record six years chairman become ambassador netherlands sec past year investigators insider trading scandal ever wall street investigation still active recent months growing number well known traders prominent investment banking firms charged pace probe picked november ivan boesky one wall street successful stock speculators agreed cooperate government investigators pay record mln dlrs penalties illegal profits charged insider trading agency also new huge rapid stock prices spurred computer driven trading strategies markets securities options futures price combined rising trading volumes bring unprecedented volatility u securities markets time sec pressed lawmakers put stop tactics corporate takeover wave takeovers steadily u corporate agency pushed u foreign exchanges intent expansion lay regulatory groundwork international securities marketplace trading occurs across throughout world around worldwide trading networks offer vast new investment opportunities could strain sec ability enforce u securities laws guard investors fraud leadership shad sec eased financial disclosure requirements publicly traded companies eliminated many minor investor protection rules attempted spur competition among exchanges streamlined agency review hostile corporate takeovers shad vice chairman e f hutton investment banking firm brought wall street agency upon named chairman line views top administration officials favored marketplace determination takeover new federal regulations sec shad also stressed insider trading violations corporate cases topped agency enforcement agenda administration president carter democrat securities lawyers industry officials say new chairman designate unlikely significantly alter commission current priorities sec currently employees lawyers annual budget mln dlrs though figure likely significantly higher next year agency moves beef enforcement staff agency one government actually taken money spent past years fees charges public companies investment banks securities firms regulates sec structured independent regulatory agency meaning five commissioners appointed president fixed five year terms protected policy differences alone law three commissioners may political party agency budget request year instead leaving white house established congress sec origins great stock market crash attributed large part widespread trading credit attempted market large investment firms agency requires public companies investment vehicles mutual funds issue periodic reports financial condition disclose changes condition time issue new securities requires brokers dealers investment banks register comply investor protection rules exchanges regulates trading practices first chairman joseph industrial magnate also john later become nation th president former chairmen include william douglas served appointment u supreme court william served president first term reagan director central intelligence agency death earlier year reuter
banc one one makes indiana acquisition banc one corp said completed acquisition first national bank ind assets mln dlrs reuter
energy resources year jan loss shr loss four cts vs loss seven cts net loss vs loss revs vs note full name energy resources inc reuter
sees substantial losses year cos inc said expects incur substantial losses despite expected improvement drilling levels gulf mexico north sea offshore onshore drilling company today reported first quarter loss mln dlrs mln dlr tax credit compared year earlier loss dlrs tax credit dlrs lost mln dlrs mln dlr tax credit reuter
japan given little hope avoiding u sanctions top u official said japan little chance convincing u drop threatened trade sanctions despite efforts japanese team left washington today michael armacost secretary state political affairs asked press conference whether japan moves boost domestic economy open markets could persuade u impose tariffs japanese imports said replied probably early figures demonstrate situation turned around permit result described armacost said u hopes japan take steps lift domestic economy reduce dependence exports remove barriers imports settle outstanding trade issues obvious problems moment trade area wish problems attention important areas cooperation continue exist security political issues said question whether cooperative actions governments reduce trade imbalance whether congress takes action reduce protectionist legislation said reuter
usair buy pct mln piedmont shares tendered
paying mln dlrs buy hollinger inc pay mln dlrs cash previously reported acquisition privately owned unimedia inc chairman black told reporters annual meeting confirming published report commenting press reports mln dlr price black said would inaccurate although declined disclose actual cost montreal based unimedia quebec third largest newspaper group three french language daily newspapers quebec city ottawa quebec four printing plants ontario quebec black added hollinger would also continue seeking acquisitions daily newspapers circulation said hollinger currently talking newspapers u company currently owns really end ones available told reporters although added remaining acquisition opportunities u said hollinger pct owned daily telegraph plc london become profitable year fourth quarter full year daily telegraph could break even better said black citing major reductions labor costs improved technology telegraph britain largest circulation quality daily telegraph lost mln canadian dlrs last year daily telegraph chief executive andrew knight told reporters meeting telegraph daily circulation risen since september despite added competition new independent daily newspaper knight said independent affecting telegraph growth making inroads circulation london quality times guardian hollinger chairman black predicted hollinger would post net income mln dlrs one dlr share including extraordinary gains previous sales discontinued operations hollinger lost mln dlrs dlrs share last year fewer average shares extraordinary loss mln dlrs black told shareholders first quarter operating earnings continuing operations amounted dlrs year ago loss dlrs revenues continuing operations rose mln dlrs mln dlrs last year include daily telegraph revenues added consolidated first quarter figures disclosed said daily telegraph first quarter operating loss sharply reduced last year reuter
stoltenberg rule central bank intervention stabilize currencies
vr closes stock sale vr acquisition vr business brokers inc said closed sale controlling interest preferred stock vr acquisition corp delaware corporation controlled investment group led c robin london agreement dated april vr business agreed sell shares common stock shares pct cumulative stock vr business said issued shares common stock shares preferred stock remaining shares common listed within next week days reuter
swiss launch new series money market paper swiss federal government launch new series three month money market certificates totalling around mln swiss francs national bank said close april payment date april last series three month paper issued march raised mln francs issue price pct giving average annual yield pct reuter
shultz welcomes tokyo economic package u secretary state george shultz said billion yen economic package announced tokyo last week went u expected said u would lift selective economic sanctions imposed japanese imports april tokyo changed sales policies concerning computer microchips speaking news conference linking several european capitals shultz said japanese problem stimulating domestic global demand even greater amount stimulus originally thought said shultz speaking washington lot nothing talked prime minister yasuhiro nakasone involves major reduction tax rates believe getting tax burden one way stimulating economy added asked japanese reporters also linked news conference whether positive reaction meant u might decide next week venice summit lift sanctions japanese electronic goods shultz replied sanctions undertaken basis agreement reached united states japan various sale practices prices relating chip market lifted facts change japan agreement made become evident said u officials able monitor situation month impossible determine trend one month data u imposed pct import duties personal computers colour power tools alleging japan violated last september bilateral agreement selling computer chips fair market value shultz said west germany nations would also well look could stimulate demand asked whether u could reasonably ask allies take action stimulate world economy without bold american initiative reduce size federal budget deficit shultz said moves already underway tackle problem said end current fiscal year deficit would probably reduced around billion dlrs last year budget worked year would contain major reduction reuter
universal furniture ltd rd qtr net shr cts vs cts net vs revs mln vs mln nine months shr cts vs cts net mln vs mln revs mln vs mln note share per share data adjusted reflect pct stock dividend april public two mln shares company june reuter
international american home acquire cos international american homes inc said entered conditional contract acquire cos inc affiliated entitles mln dlrs international american whose stock halted nasdaq earlier said purchase price payable mln dlrs cash balance common shares selling shareholders may earn additional amount maximum eight mln dlrs payable cash based future performance companies acquired three years ending march international said acquisition subject certain conditions satisfactory results due diligence investigations company said reuter
lvi group lvi make acquisition lvi group inc said agreed principle purchase outstanding shares spectrum holding corp proposed mln dlrs cash lvi said additional mln dlrs common stock seven mln dlrs notes become payable spectrum certain minimum future earnings lvi interior construction firm said acquisition subject execution definitive agreement completion due diligence lvi spectrum concern expect close deal june lvi said reuter
amoco raises crude prices amoco corp said raised contract price pay grades crude oil cts barrel effective today company said increase brings posting west texas intermediate dlrs barrel west texas sour degrees api raised dlrs light louisiana sweet grade also increased cts dlrs barrel amoco said wyoming southwest sweet colorado western two utah grades oil black yellow unchanged company last changed crude oil postings september reuter
oregon steel buys kaiser napa valley plant kaiser steel corp plant napa calif purchased oregon steel mills mln dlrs privately owned portland company said transaction approved u bankruptcy judge denver hearing kaiser steel chapter reorganization case james former vice president sales kaiser named general manager plant called napa pipe corp oregon steel said reuter
primerica pa completes smith barney takeover primerica corp said completed previously announced acquisition smith barney inc mln dlrs cash primerica ich changed name april american co said smith barney harris upham co inc wholly owned smith barney inc add domestic overseas branch offices reuter
showboat declares stock split showboat inc said board declared two one stock split payable shareholders record may reuter
rotterdam takes stake swiss owned insurer dutch insurer rotterdam n v said july pct shares n v fully owned unit swiss insurer union rotterdam chairman lucas van told reuters may raise stake majority interest two companies found sufficiently compatible van said due partly fact made losses pct stake obtained shares value gave precise sum travel insurance premium income mln guilders rotterdam premium income billion guilders making fifth largest dutch insurer made loss nine mln guilders narrowed mln guilders van said said company course independent recovery expected reduce losses reuter
savings bank st qtr net shr cts vs given net vs loans mln vs mln deposits mln vs mln assets mln vs mln note prior share given due june conversion stock reuter
pacificorp buys buys computer firm pacificorp said acquired thomas nationwide computer corp mln dlrs cash mln dlrs deferred consideration depending future performance company thomas nationwide leases markets new used international business machines corp equipment pacificorp said said thomas nationwide combined systems leasing corp unit va reuter
genetics sees higher losses genetics institute inc earlier reporting increased first quarter net loss said expects incur losses fiscal somewhat higher reported fiscal loss dlrs fiscal ended november compared fiscal loss dlrs company said losses result strategic decision invest prudent levels equity development products company manufacture bring market genetics earlier said first quarter ended february losses rose dlrs year ago loss dlrs reuter
computer associates ca uccel set merger computer associates international inc uccel corp said signed definitive merger agreement computer associates pay mln dlrs stock outstanding uccel shares companies said terms agreement uccel shareholders receive shares computer common stock approximately mln uccel shares outstanding according companies would amount dlrs per uccel share based may new york stock exchange closing prices closing transaction anticipated august companies said companies said resulting company wil retain name computer associates international inc additionally companies said charles wang currently computer associates chairman chief executive continue chairman new company reuter
caremark vote baxter merger caremark inc baxter laboratories inc jointly announced caremark shareholders vote july approve previously announced merger baxter companies said caremark shareholders record june entitled vote meeting held newport beach calif may baxter announced definitive agreement baxter acquire stock transaction valued mln dlrs reuter
inc th qtr aug net shr cts vs cts net vs sales mln vs mln year shr dlrs vs dlrs net mln vs mln sales mln vs mln note share adjusted february three two split prior year results restated reuter
ncr corp st qtr shr cts vs cts
sulpetro ltd st qtr jan loss shr given net loss vs loss revs mln vs mln note previous loss restated reuter
boeing co acquire argosystems dlrs share
brazil could export mln bags coffee ibc brazil coffee exports could amount mln bags year excellent crop estimate mln bags ibc spokesman said said exports could average annual mln bags mark especially final harvest conducted october november confirms crop mln bags said average limit official crop harvest could set five pct first estimates officially published today said ibc agreed request producers institute ask government monthly guarantee minimum price reuter
rise technology inc st qtr loss shr loss cts vs loss one ct net loss vs loss revs vs reuter
ec commission details sugar tender ec commission confirmed granted export licences tonnes current series white sugar maximum export rebate european currency units ecus per kilos traders france received tonnes u k west germany belgium spain denmark tonnes reuter
systems inc buys medtec systems inc said bought control data corp medtec unit undisclosed sum company said medtec new client base could significant impact long term revenues although expects minimal positive impact earnings next six months said assets purchased include processing agreements software maintenance contracts supporting software reuter
supermarkets general sgl sells drug stores supermarkets general corp said agreed sell super drug stores f distributors nine existing two stores located maryland virginia new york operated super drug trade name company said terms transaction disclosed nine existing stores generated approximately mln dlrs supermarkets general total sales billion six month period ended aug one f distributors operates discount drug stores michigan ohio illinois indiana wisconsin reuter
mitsui buys five pct stake u chip maker mitsui co ltd paid mln dlrs early may five pct stake corp california based maker large scale integrated circuits lsi computer graphic communications medical applications mitsui spokesman told reuters said two firms form marketing company japan early next year although details joint venture yet fixed mitsui expects last year billion yen japanese lsi market grow quickly founded employees said reuter
computer centers inc nd qtr loss ended feb shr loss cts vs profit cts net loss vs profit revs mln vs mln six mths shr loss cts vs profit cts net loss vs profit revs mln vs mln reuter
smith corp smc sets qtly divs class b cts vs cts pay may record april reuter
ibc interstate bakeries ibc bid ibc acquisition corp said received interstate bakeries corp shares response tender offer shares expired october purchase pct shares tendered said final proration factor announced payment shares start october ibc made interstate management first boston inc fbc george k co reuter
yield rises day sama deposits yield day bankers security deposit accounts issued week saudi arabian monetary agency sama rose point pct week ago bankers said sama decreased offer price mln riyal issue last saturday like dated interbank deposits quoted today pct point higher last saturday sama offers total billion riyals day paper banks kingdom week reuter
florida progress corp st qtr net shr cts vs cts net mln vs mln revs mln vs avg shrs mln vs mln months shr dlrs vs dlrs net mln vs mln revs billion vs billion avg shrs mln vs note first quarter profits restated one cent share result previously reported pooling interests merger mid life insurance co reuter
japan foreign shipbuilding orders fall may new foreign shipbuilding orders received japanese yards may fell five vessels totalling gross tons gt eight ships gt april four ships gt year earlier japan ship exporters association said backlog orders end may ships mln gt ships mln end april ships mln year ago association official said world shipping recession yen appreciation dollar depressed may orders said reuter
oil gas ltd st qtr net shr two cts vs seven cts net vs revs vs reuter
first union corp func st qtr net shr cts vs cts net mln vs mln note current qtr includes gain seven cts shr sale securities year ago restated reuter
group five pct pizza inn group controlled new york investor saul told securities exchange commission acquired shares pizza inn inc pct total outstanding common stock group includes reliance financial corp subsidiary reliance group holdings inc said bought stock investment said might add stake sell group said bought stock mln dlrs open market purchases april may prices ranging dlrs share reuter
crop genetics international crop th qtr th qtr ended march shr loss cts vs loss cts net loss vs loss revs vs year shr loss dlrs vs loss cts net loss vs revs vs reuter
first federal michigan st qtr net shr dlrs vs dlrs net vs avg shrs mln vs mln reuter
general electric ge st qtr helped rca general electric corp said first quarter results significantly higher due strong results rca acquired last year general electric also continued strong plastics major appliances employers reinsurance corp strong quarter ge recorded net earnings first quarter mln dlrs dls per shr pct mln dlrs dlrs per share quarter year ago general electric chairman john jr reiterated company outlook expects double ge earnings growth year said first quarter results line expectations general electric cited strong results tv network station operations national broadcasting co part ge first quarter one reason strong earnings also noted aircraft engine operating profit much higher year ago caused increase shipments quarter strike aerospace revenues sharply higher year first quarter year ago mainly inclusion rca aerospace defense business company said addition consumer products revenues last year mainly including sales rca video products general electric said restructuring provisions mln dlrs taxes implement various strategic moves charged operations first quarter added one time gain mlns dlrs taxes inventory accounting change technical products revenues operating profit ahead last year led strong increases medical systems volume inclusion year rca communications related services reuter
regal corp rd qtr net shr cts vs cts net vs sales mln vs mln nine mths shr cts vs cts net vs sales mln vs mln reuter
italy worried rising tension gulf attack italian prime minister goria told cabinet monday worried increased tension gulf said america retaliation iran limited statement issued cabinet meeting said goria informed united states would take action iranian target gulf known action would involve attack oil platform prime minister expressed concern possible consequences increased tension gulf time limited american military reaction attacks suffered past days statement said goria said italy ships far platform time attack fleet advised follow events caution italy sent eight ships including three three gulf protect italian merchant shipping reuter
group lifts stake scandinavia fund foreign investment group told securities exchange commission raised stake scandinavia fund inc shares pct total outstanding shares pct group includes ab swedish firm vbi corp british west investment firm norwegian investor erik vik said bought scandinavia common shares since april prices ranging dlrs share reuter
orion pct twin disc stake orion capital corp said acquired shares twin disc inc common stock pct company common stock outstanding filing securities exchange commission orion capital said stock represents favorable investment opportunity current market prices open market transactions august october orion capital subsidiary bought twin disc common shares dlrs dlrs share entire pct stake purchased cost mln dlrs orion capital told sec reuter
federal savings bank rd qtr shr cts net mln vs nine mths shr cts net vs note company converted stock ownership july reuter
u house speaker denies trade bill hurt stocks house speaker jim wright dismissed charges trade bill congress contributed fall stock prices wall street texas democrat told reporters treasury secretary james baker administration officials weekend pointed pending legislation brand protectionist key factor record setting drop reuter
rochester telephone corp rtc rd qtr net shr cts vs cts net mln vs revs mln vs mln nine mths shr dlrs vs dlrs net mln vs mln revs mln vs mln reuter
iraqi troops reported pushing back iraq said today troops pushing iranian forces positions initially occupied launched new near southern port early yesterday high command communique said iraqi troops significant victory continuing advance iraq said three km six miles admitted occupied ground held mohammed al unit one three divisions attacked communique said iranian warplanes helicopter heavy tanks forces continuing advance last foothold occupied said iran said troops killed stabilising new positions communique said iraqi planes also destroyed oil installations iran southwestern field raid today denied iranian report iraqi jet shot iraq also reported naval battle northern gulf iraqi naval units forces defending offshore terminal sank six iranian iranian boats attempting attack offshore terminal communique said reuter
royal gold agrees make acquisition royal gold inc said signed two agreements principle acquire stock two mining co units mln shares royal gold common stock royal said assets units acquire mostly gold properties added expects close deals june subject standard closing conditions including title environmental approval closing definitive agreement royal said shares issued deal subject registration rights reuter
treasury baker says system needs stability treasury secretary james baker said floating exchange rate system effective hoped promoting stability preventing imbalances emerging global economy remarks afternoon session international monetary fund interim committee baker said suggesting system abandoned suggest said need something give stability keep headed right direction wind shifts said indicators serve kind added structural indicators help focus attention policies baker however said imf needs move beyond indicators find structural indicators help focus attention policies specific imbalances face today treasury secretary said indicators given prominent role annual economic reviews article iv consultations fund baker also told policy making group time imf adopt earlier recommendations making imf surveillance relevant national policymakers public particular urge increased imf developed article iv consultations use follow reports country actions implement imf recommendations greater use special consultation procedures said baker emphasized indicators device moving beyond rhetoric action said provide structure system discipline pressure process policy coordination said fund procedures surveillance need reviewed reflect use indicators matter priority executive board said baker also urged fund develop alternative medium term economic countries help us focus even clearly important imbalances options addressing implications options said also work done finding lead toward possible medium term objectives take effective remedial action significant intended course must definitive ways right course key said reuter
pan sets pacific satellite stake sale johnson geneva u said agreed buy pan corp pct holding joint venture company pan pacific satellite corp undisclosed terms johnson geneva said pan divested project part corporate restructuring plan continue provide engineering services contract basis johnson geneva said buy ltd hong kong company controlled johnson geneva chairman michael johnson funds provided increase satellite company working capita reuter
major u pipeline may closed several days operator major u crude oil pipeline shutdown flood damage said may several days repairs made system dan stevens manager public government affairs texaco inc tx operator pipeline subsidiary texaco pipeline co said company hopes repairs begin five days expects take several days complete point know need get job done stevens said adding timing repairs depend damage pipeline difficult assess flooding red river pipeline shipping roughly barrels crude oil per day pct capacity days preceding shutdown saturday stevens said pipeline shut okla falls saturday due red river near oklahoma texas border severe rains spokesman texaco said stevens said reasonable suggest pipeline could operate full capacity order make cautioned talk customers determine requirements oil analysts traders said sure shutdown continue raise u oil prices monday texaco confirmed pipeline closed west texas intermediate crude spot market new york mercantile exchange energy futures complex rose cts barrel stevens said reasonable suggest pipeline could operate full capacity order make cautioned talk customers determine requirements oil analysts traders said sure shutdown continue raise u oil prices monday texaco confirmed pipeline closed west texas intermediate crude spot market new york mercantile exchange energy futures complex rose cts barrel reuter
amcast industrial corp th qtr loss aug shr loss cts vs profit cts net loss vs profit revs mln vs mln avg shrs vs months shr profit cts vs loss dlrs net profit vs loss revs mln vs mln avg shrs vs note results include pretax restructuring provisions mln dlrs mln dlrs respectively reuter
miyazawa says baker remarks aimed reaffirming louvre agreement
german finance ministry confident maintaining currency stability around current levels spokesman
court declines block viacom via merger viacom international inc said u district court southern district new york denied motion werner co temporary injunction block proposed merger viacom subsidiary national amusements inc werner producer show reuter
monier says britain redland may bid diversified building materials group monier ltd said talks taking place may lead britain redland plc l making offer monier shares already hold chairman bill said redland already holds pct monier mln issued shares said brief notice australian stock exchange said shareholders would advised soon discussions recommended keep shares monier shares trading high dlrs today previous peak yesterday close well low dlrs monier largest concrete manufacturer australia u new zealand world largest marketer fly according annual report ended june recently reported first half net fell mln dlrs mln year earlier due australian housing downturn although foreign earnings rose reuter
commercial shares corp said received shares commercial resources corp response dlr per share tender offer shares company said extended offer july expired yesterday reuter
sterling drug inc rd qtr net shr dlrs vs cts net mln vs mln revs mln vs mln avg shrs mln vs mln nine mths shr dlrs vs dlrs net mln vs mln revs billion vs billion avg shrs mln vs mln note figures restated reflected change accounting methods related pension expenses reuter
fed income buys two shopping centers fed income partners l p said acquired two shopping centers total price mln dlrs company said bought best plaza shopping center calif mln dlrs bristol place shopping center santa calif mln dlrs reuter
new zealand imposes sanctions fiji new zealand imposed sanctions fiji response country change status republic acting prime minister palmer said sanctions end military cooperation cut economic aid new zealand also renew agreement supports price sugar expires march loss aid sugar supports cost fiji mln dlrs year palmer told reporters cabinet meeting government asked high commissioner rod gates return discussions possible measures reacting discussions high commissioner prime minister held palmer said sanctions approved cabinet soon staged second september implementation postponed hope might turn back declaring republic palmer said cabinet happy statement commonwealth leaders vancouver fiji membership commonwealth prime minister david hawaii way home vancouver reuter
coastal cgp raises oil posted prices coastal corp said effective october raised posted prices crude oil cts barrel increase brings west texas intermediate dlrs barrel west texas sour dlrs barrel sun co sun announced would make cts barrel increase late friday bringing wti dlrs barrel traders said oil companies could expected increase prices reuter
mt rd qtr net shr cts vs cts net vs revs vs avg shrs mln vs nine mths shr dlrs vs dlrs net mln vs revs mln vs avg shrs mln vs reuter
china sulphur iron mine starts production china largest sulphur iron mine started trial production southern province guangdong china daily said said mine annual output capacity three mln tonnes sulphur iron ore used without processing high quality reuter
peoples savings bank rd qtr net shr cts vs given net vs nine mths shr dlrs vs given net vs note company went public october reuter
corrected crazy eddie crzy sets rights crazy eddie inc said board adopted defensive shareholder rights plan said inquiries friendly merger said plan shareholders record april receive right purchase certain circumstances price dlrs preferred share common share held rights expire april company said rights would exercisable business days party acquire pct crazy eddie common stock announce bid pct adds dropped year rights expiration reuter
european community u trade measures european community ec accused united states violating political commitment free trade practices including tax imported gasoline customs fee ec ambassador van made formal charge surveillance body general agreement tariffs trade gatt gatt spokesman david woods told reporters woods also said ec joined united states brazil extending list products import licenses temporarily suspended improve balance payments united states charged japan violating gatt rules restricting imports agricultural products import licensing system united states asked consultations tokyo issue charged trade measures political commitment halt reverse trade barriers pledged ministers punta del este last september ministers established four year uruguay round negotiate freer trade areas set gatt surveillance body monitor commitment known gatt standstill criticised washington tax oil imports customs fee removal special machine tool known category government procurement list reasons national security warren u trade official defended policies saying violate gatt trade rules surveillance body send record today talks trade negotiating committee round decide action charges oil tax customs fee already subject formal gatt dispute set outside uruguay round rule practices ruling gatt council yesterday adopted dispute panel report ruled u tax oil imports breached trade rules called washington modify legislation mexico canada along european community brought dispute gatt last year reuter
fed governor seger sees currency stability federal reserve board governor martha seger said signs stability foreign exchange markets recent weeks think beginning see calm markets seger told reporters speech u savings institutions think healthy get period stability said said market forces major influence exchange rates said know right value dollar yen mark seger told savings loan executives concerned financial markets exchange rate influences concerned gotten nervous exchange rates seger said said fed takes account additional factors determining monetary policy value dollar currencies economy seger called latest figures gross national product modest upward revision reuter
n american communications sale north american communications corp said considering several options maximize shareholder value including possible sale merger corporate restructuring leveraged buyout trading company stock halted pending announcement company owns operates cable television systems minnesota wisconsin said retained communications equity associates financial adviser explore alternatives reuter
j p morgan co inc st qtr shr dlrs vs dlrs
inc st qtr sept net shr cts vs cts net vs sales mln vs mln avg shrs mln vs mln reuter
e f hutton efh unit purolator offer expires e f hutton lbo inc said tender offer wholly owned unit pc acquisition inc purolator courier corp pcc expired edt yesterday without purchase purolator common stock hutton added pc acquisition also terminated merger agreement purolator hutton said offer conditioned upon tender least purolator shares two thirds outstanding shares terminated minimum number shares tendered purolator entered definitive agreement pc acquisition part owned e f hutton lbo inc unit e f hutton officers purolator u courier division pc offered purchase purolator common stock shares dlrs share following move pc acquisition planned merge subsidiary purolator converting outstanding purolator common aggregate mln dlrs principal amount pct guaranteed debentures due warrants purchase pct purolator unit comprised purolator u courier operations hutton said edt yesterday shares purolator common stock pct outstanding shares validly tendered withdrawn pc acquisition instructed offer return promptly purolator stock deposited behalf tendering shareholders hutton said reuter
new savings bank st qtr net shr cts vs cts net vs note includes five ct shr charge loan loss provision reuter
ec ministers consider cutbacks steel support new steel quota system would strictly limit european community ec support industry could forced producers fail find solution quickly officials said ec industry ministers meeting considered two key proposals aimed cutting back surplus capacity mln tonnes first would limit current quota system protected ec output seven years flat products heavy sections thereby forcing types steel products free market competition second proposal would link continuation quota system progress toward plant closures although less month ago ec steelmakers lobby group eurofer said abandoned efforts close plants voluntarily ministers stopped short imposing solution immediately instead urging steel producers try reach agreement voluntary cutbacks ec commission said come detailed proposals july future ec steel industry ec industry ministers meet september reach final decision reuter
australia ansett take pct america west australia ansett airlines exercise option acquire pct america west airlines inc mln u dlrs ansett transport industries ltd managing director peter said exercise involving purchase three mln new america west shares u dlrs scheduled finalised july august said statement said ansett would become largest single shareholder said growing airline united states america west based phoenix arizona terms option agreement ansett would right maintain pct position event future stock sales could go beyond pct unless requested america west said america west would retain right first refusal ansett offered shares sale addition ansett would gain one board seat said ansett transport industries wholly owns ansett airlines one australia two major domestic airlines turn owned international transport group ltd murdoch news corp ltd reuter
scott rd qtr mar shr cts vs cts net vs revs mln vs mln nine months shr dlrs vs dlrs net mln vs mln revs mln vs mln avg shrs mln vs mln note full name scott financial corp reuter
moore sees substantial profit gain moore corp ltd expects profits continuing operations exceed results recover levels company earned mln u dlrs dlrs share president goodrich said substantial increase earnings continuing operations told reporters annual meeting said expected profits would recover last year lost ground reach results profits continuing operations slumped mln dlrs dlrs share total excluded losses mln dlrs discontinued operations goodrich said moore still actively looking acquisitions related core areas business forms manufacturing handling could large acquisition said asked company could raise much one billion dlrs purpose chairman shareholder question told annual meeting special resolution passed shareholders create new class preferred shares would allow moore move quickly decided pursue acquisition make major acquisition means move certain said asked resolution designed give moore protection possible hostile takeover said know threat corporation time reuter
belgian current account surplus widens belgium current account surplus measured cash basis widened sharply billion francs last year billion finance ministry said increase due almost entirely sharp rise goods trade surplus billion francs billion services trade surpluses increased billion francs billion deficit transfers rose slightly billion billion private sector capital operations showed higher deficit billion francs billion reuter
kuwaiti daily says opec credibility stake opec credibility faces fresh scrutiny coming weeks amid signs significant rise supplies oil international oil markets kuwait daily al qabas said article headlined gulf oil sources say middle east production mln bpd warned opec official prices could face fresh pressure international oil companies seeking cheaper supplies say whether opec opec producers behind reported rise mideast output specify sources official contacts sources said credibility opec would come fresh scrutiny today monday activity european american markets daily said sources quoted saying opec march demonstrated commitment quota agreements members raised output last week gave details dealers oil markets waiting see opec able control production whether days cheating producing quotas begun said sources warned maybe price barrel oil fall perhaps dlrs week next control supplies said sources believed return oil dlrs barrel may open doors international oil companies pressure opec contract prices similar last march said apparently referring resistance buyers lift qatar unless gave price discounts one official warned opec would find solidarity scrutiny end april start may said noting demand usually fell summer reuter
pennsylvania real estate investment trust oper shr cts vs cts oper net vs revs vs avg shrs vs st half oper shr cts vs cts oper net vs revs vs avg shrs vs note current year net excludes gains sale real estate dlrs quarter dlrs half period ended february reuter
slater plans u modernization slater industries inc said planned mln dlr modernization slater steels corp fort wayne specialty bar division indiana said modernization would involve replacement existing bar mill high speed quick change continuous mill new facility lower labor mill costs enhance product quality range slater said completion date new mill undisclosed reuter
african union planned matthey move south african trade union dispute subsidiary britain johnson matthey plc company proposal move platinum refinery near johannesburg black homeland member mainly black chemical workers industrial union said fears planned move homeland south african unions recognised could lead job losses affect wages mass dismissal last year platinum holdings ltd j mines homeland sent world platinum prices union said talks management proposed move broken said earlier refinery workers showed favoured striking move added final decision taken strike action refinery processes platinum metals platinum holdings ltd world largest platinum producer owned matthey ltd joint subsidiary johnson matthey turn owned mining group johannesburg consolidated investment co ltd reuter
national guardian acquires firm conn national guardian corp said acquired pacific fire co specializes installation fire operations acquired transaction total revenues excess mln dlrs company said separate announcement company said expects record revenues approximately mln dlrs company revenues mln dlrs national guardian revenues first six months approximately mln dlrs compared mln dlrs year ago period reuter
reagan urges exchange accords president reagan preparing venice economic summit wednesday said united states allies must fulfill agreements exchange rate stability economic policy decisions made last year tokyo year meetings group finance ministers paris washington cannot ignored said commitments made meetings need translated action reagan said pre summit speech th anniversary marshall plan reuter
fundamental brokers buys part mki brokers fundamental brokers institutional associates leading inter dealer broker u government securities said agreed acquire certain assets mki government brokers inc undisclosed terms acquisition documents signed held escrow pending receipt certain said conjunction sale assets mki ceased treasury bills notes bonds fundamental said industry sources told reuters yesterday fundamental close acquiring government securities brokerage division mki major broker corporate bonds fundamental said intends use facilities formerly used mki provide new block service active treasury issues execution wholesale trades heavy volume smaller lots large scale transactions company said new system expected substantially enhance liquidity markets fundamental said wholesale service begin around april reuter
hong kong firm ups calmat stake pct industrial equity pacific ltd hong kong investment firm said raised stake calmat co shares pct total outstanding common stock shares pct filing securities exchange commission industrial equity principally owned brierley investments ltd publicly held new zealand company said bought calmat common shares april total mln dlrs reuter
co ltd year ended march group shr yen vs net billion vs billion pretax billion vs billion operating billion vs billion sales billion vs billion note forecast current year reuter
trump interstate talks donald trump interstate properties said holding preliminary discussions regarding possible joint acquisition inc dlrs per share possible acquisition subject applicable real estate gains transfer taxes joint statement said trump interstate presently pct alexander common stock said intend keep company retailer acquisition assurances parties reach agreement regarding acquisition price might offered statement said reuter
trade issues straining ec japan member states european community starting run japan believe repeatedly promised major initiatives open market imports often made minor moves diplomatic sources said several recent actions ec countries bear new willingness least ability japanese government reduce massive trade surplus ec however said trade war may far ec states know would suffer almost much japan senior ec diplomats gave generally favourable reaction ec executive commission proposal ec could raise tariffs range japanese products u carries threat make similar move april ec tariffs would involve obligations entered world trade body gatt would designed stop diversion exports ec market u diplomats meeting tokyo announced ec trade deficit japan reached record billion dlrs march billion february japanese exports ec totalled billion dlrs pct ec exports japan fell one pct billion dlrs paris trade minister michel said france decided give japan medicine imports microwave frozen st jacques restricted strict application french quality standards something ec states say often happens exports entering japan britain threatened withdraw licences japanese banks insurance companies operate city london british cable wireless company lost competition japanese contract however british officials london said government may gone far implying would take immediate drastic action unless contract reopened contrast west germany ec successful economy never threatened tokyo sanctions preferring rely firm industries obstacles export japan ec commission switched tactics recent years general calls action japan open market specific demands moves key areas present instance pressuring japan end discriminatory taxation imported wines spirits ensure ec companies chance win contracts building new international airport certification safety checks imported cars ec officials say tactics yield benefits often japanese announce modifications non tariff barriers open door imports amount stress however action must taken ec whole stop action one problems britain could face withdraw licences japanese banks would bankers would welcomed open arms frankfurt amsterdam point reuter
showboat take charge sees rd qtr loss showboat inc take charge mln dlrs pretax results third quarter ended march director assistant president j iii told reuters said charge results pre operating expenses recently opened atlantic city n j showboat hotel casino bowling center cause loss third quarter probably fiscal well said showboat earnings fiscal show sharp increase fiscal levels due contribution new atlantic city facility showboat earned dlrs last year third quarter fiscal earned dlrs said showboat since opening atlantic city hotel casino showboat start charging interest expenses connected debt sold finance facility directly income rather interest able previously showboat opened hotel third quarter gaming began last thursday regular basis test gaming completed earlier week reuter
standard oil says british petroleum share tender extended may
general electric co ge st qtr net shr dlrs vs dlrs net mln vs mln sales billion vs billion note prior year include results rca corp reuter
shamrock completes central soya sale ferruzzi shamrock capital lp said completed sale soya co inc ferruzzi agricola finanziaria holding company ferruzzi group italy shamrock capital limited partnership led shamrock holdings inc roy e disney family company agreement announced last month ferruzzi acquired equity assumed subordinated term debt mln dlrs valued mln dlrs reuter
corp rd qtr net shr cts vs cts net mln vs revs mln vs mln nine months shr dlrs vs dlrs net mln vs mln revs mln vs mln reuter
fourth national corp stake acquired fourth national corp said investor group led management acquired pct stake company interfirst corp dallas bank holding firm fourth national spokesman said deal cash would disclose amount fourth national bank holding company mln dlrs assets said statement continue operate four subsidiaries retain employees reuter
metropolitan federal st qtr net qtr ended september shr cts vs cts net vs assets billion vs billion deposits mln vs mln loans mln vs mln reuter
sees lower first quarter net inc said expects first quarter earnings pct year ago last year first quarter ended april earned dlrs revenues mln dlrs company said sales commitments hand pct year ago system sales revenues recognized shipment pct sales commitments hand ship period said outlook year remains unchanged reuter
corp payout qtly div cts vs cts prior pay may record may eight reuter
corp th qtr april loss shr loss cts vs loss cts net loss vs loss revs vs year shr loss cts vs loss cts net loss vs loss revs vs reuter
global natural resources inc th qtr loss oper shr loss five cts vs loss nil net loss vs loss revs vs mln avg shrs mln vs mln year oper shr profit cts vs loss one ct oper net profit vs loss revs mln vs mln avg shrs mln vs mln note net excludes extraordinary tax charges dlrs vs dlrs quarter credits dlrs vs dlrs year reuter
argentine cattle market report head cattle cattle market wednesday last thursday trade sources said prices per kilo dollar equivalent brackets included today wednesday kilos kilos reuter
mayfair super markets inc nd qtr feb shr cts vs cts net mln vs mln revs mln vs mln six months shr dlrs vs cts net mln vs mln revs mln vs mln note share adjusted stock split reuter
high water extends rhine river rising water levels rhine caused heavy rain delaying operation near raise two boats blocked river main navigation channel since early last week water authority spokesman said said two floating cranes unable begin lifting tug water level reached forecast rise tomorrow unable say operation might begin meanwhile high water cologne forced vessels travel reduced speed water authority spokesman cologne said water authority spokesman kms north cologne said vessels moving normally reuter
sears roebuck co rd qtr net shr dlrs vs cts net vs revs billion vs billion avg shrs mln vs mln nine mths shr dlrs vs dlrs net billion vs mln revs billion vs billion avg shrs mln vs mln reuter
sci med board agrees bristol bmy deal sci med life systems inc said directors approved previously proposed agreement merger bristol myers co proposed transaction subject completion due diligence investigation including review bristol myers patent suit served sci med advanced cardiovascular systems inc march bristol myers right call agreement certain circumstances said sci med said continues believe patent suit without merit reuter
talking point ibm ibm international business machines corp started year aggressively industry analysts said company still faces tough fight stop two year earnings slump impressed happening ibm long time said painewebber analyst stephen smith woods yet added dlrs share ibm first quarter net income easily topped estimates wall street ranged even dollar dlrs analysts said surprised ibm performance indicated ibm chances full recovery several key factors whose impact felt later year include success ibm new personal computer line introduced two weeks ago begin volume shipments july addition ibm said full benefits early retirement program cost cutting moves emerge year progresses analysts noted ibm chairman john f relatively assessing company outlook nearly year although worldwide economic situation remains unsettled encouraging signs business said pointing among things higher first quarter shipments remain optimistic prospects industry ibm said encouraging said painewebber smith weak dollar lower tax rate strong mainframe computer sales contributed better expected first quarter results analysts said shipments strong march weak january february said washington based associates sales top line called whole quarter said adding continues well rest year reuter
central banking system inc rd qtr net shr cts vs cts net vs nine mths shr dlrs vs cts net vs loans mln vs mln deposits mln vs billion assets billion vs billion reuter
u bill auction rates average pct u treasury said weekly auction three month bills produced average rate pct pct rate six month bills rates compared averages pct three pct six month bills sold last week bond equivalent yield three month bills pct accepted bids ranges pct pct bids high rate taken six months yield pct bids ranged pct pct pct bids accepted treasury said received billion dlrs bids three month bills including billion dlrs non competitive bids public accepted billion dlrs bids including billion dlrs federal reserve mln dlrs foreign international monetary authorities billion dlrs bids six month bills received including mln dlrs non treasury accepted billion dlrs including billion dlrs fed billion dlrs foreign international authorities average price three month bills prices ranged average price six months bills prices ranged average yield three month bills highest since pct june average yield six month bills highest since pct june reuter
anheuser busch bid san miguel anheuser busch companies inc bud n joined several foreign bidders sequestered shares philippines largest food beverage maker san miguel corp mn head government panel controls shares told reuters ramon diaz secretary presidential commission good government pcgg said anheuser busch told government interested buying mln b shares san miguel disclose offered price diaz said australian brewer alan bond bond corp holdings ltd offered pesos per share b shares diaz said new york investment bank allen co inc earlier said interested buying mln sequestered shares told reuters last month elders ixl ltd elxa melbourne based brewing company also bid b shares hong kong economic journal last month quoted spokesman australian stock broker jacksons ltd saying barwon ltd australian firm owned pct ariadne australia ltd planning branch order buy entire block mln shares anheuser busch last year made mln dlr bid buy san miguel brewery ltd hong kong listed company pct owned neptunia corp ltd san miguel corp subsidiary talks broke last june two sides said could agree terms sale reuter
house buys u mln dlrs house plc l said acquired entire share capital capital homes inc u mln dlrs cash capital homes builds single family homes washington c area also active land developer use sale builders financial year end february capital recorded pre tax profits mln dlrs turnover mln dlrs sale homes capital land bank units current year company expects sell homes house said reuter
venezuela gets mln dlrs credit aluminum venezuela obtained mln dlrs financing industrial projects increased lines credit import financing finance minister manuel azpurua said say achieving credit cannot done overnight azpurua said television interview said credit agreement mln marks signed week german state bank fur finance expansion state aluminum company venalum credit divided two separate agreements one mln marks interest rate pct another mln marks pct azpurua said financing also obtained expansion another state aluminum company projects state steel petrochemical industries yesterday said venezuela obtained two new credits mln dlrs export financing one credit du nord france britain midland bank venezuelan government criticised home failing obtain new credits despite insistence repaying foreign debt according terms rescheduling accord reached last february azpurua recently visited tokyo hoping acquire new credits industrial agreements japanese officials refused allow new issue venezuelan bonds country triple credit rating reuter
first america acquires keystone first america bank corp said acquired keystone bancshares inc mln dlrs keystone shareholders receive dlrs per keystone share payable first america convertible preferred stock dividend rate nine pct keystone two affiliates combined assets mln dlrs first america billion dlrs assets reuter
empire buy stock empire co ltd said acquire shares stores ltd already arrangement approved directors companies holders class non voting shares class b common shares may elect receive either non voting class empire shares one non voting class empire share one half eight pct redeemable retractable preferred share preferred share par value dlrs retractable holder option may reuter
k g saur sells assets reed international k g saur german based publisher legal reference material said sold assets group division reed international plc reed l mln dlrs saur said saur president owner company remain president saur operations london new york reuter
pan alberta united gas settlement approved pan alberta gas ltd said proposed settlement united gas pipe line co houston received unconditional approval u federal energy commission pan alberta said approved deal authorized terms two year interim contract amendment cash payments transportation credits pan alberta customers minimum yearly natural gas takes united two year commodity price united pay pan alberta producers mln dlrs interim period take least average mln cubic feet day gas pan alberta said reuter
haitian cane planters protest sugar mill closure sugar cane planters port prince protest closure haiti largest sugar mill second biggest employer haitian american sugar company closed friday huge surplus sugar firm said haiti flooded refined sugar dominican republic refined u sugar miami closure factory workers left small cane planters outlet cane blamed finance minister closure saying policies hurt haitian businesses reuter
mead expects improved earnings year mead corp said outlook major paper markets looks strong second quarter well earnings generally strong outlook well significantly improved earnings year roberts chairman chief executive officer said earlier company reported first quarter earnings mln dlrs dlrs share versus mln dlrs cts share last year first quarter company reported earnings continuing operations mln dlrs dlrs share mead said first quarter benefitted stronger market conditions improved operations combination capital improvement programs employee involvement paying throughout paper operations roberts said added mead pulp paperboard businesses operating well prices improved strong demand placed products sold position middle year mead said sales paperboard particularly strong pct versus first quarter reuter
talks continue tin agreement extension discussions possible extension sixth international tin agreement ita began quarterly session international tin council itc council still waiting decisions various member states number producer governments particular decided final position whether ita extended two years expires june according delegate sources earlier today european community ec members decided back extension exception britain undertook communicate decision ec partners later delegates said could friday member countries declare positions possible extension today full council session started shortly gmt scheduled start delayed ec coordination meeting council gmt tomorrow although delegates said morning likely taken minor technical matters main issue probably discussed afternoon session reuter
inc th qtr jan net oper shr dlrs vs cts oper net vs revs mln vs mln avg shrs vs year oper shr dlrs vs dlrs oper net mln vs mln revs mln vs mln avg shrs vs note operating net excludes gains nothing vs dlrs cts share quarter dlrs cts share vs dlrs dlrs share year tax loss carryforwards reuter
united tote inc tote nd qtr april shr profit four cts vs profit three cts net profit vs profit revs mln vs mln six months shr profit four vs loss seven cts net profit vs loss revs mln vs mln note first half includes new operation reuter
u k money market deficit forecast mln stg bank england said forecast shortage around mln stg money market today among main factors affecting liquidity bills maturing official hands take treasury bills drain billion stg partly offsetting outflows fall note circulation add mln stg exchequer transactions around mln bankers balances target mln reuter
morgan says prospects encouraging morgan co plc l said prospects encouraging orders sales significantly last year divisions said good opportunities growth existing recently acquired businesses well growth acquisition related areas earlier announced mln stg rise pre tax profit mln stg year december turnover rose mln mln companies performed well despite slowdown u u k australian economies first half currency fluctuations reduced pretax profit around one mln stg noted morgan said although profits electronics sector improved mln stg stg previously results nonetheless disappointing sales lower expected due mainly delayed defence orders however said taken necessary remedial action obtained new business proceeding delivery major delayed orders morgan shares firmed two pence p gmt p friday close reuter
bank france sees pickup industrial activity bank france said latest monthly report french economy expected pickup industrial production registered march gather steam next months without giving figures report said last month rise partly linked efforts production lost earlier year industrial action due mainly firming domestic demand new progress expected main sectors except capital goods production remain present level report added report comes wake march trade balance figures showed deficit industrial trade first time since june automobile industry remained unchanged previously boosted levels consumer goods production grew expected accelerate except area domestic appliances semi finished goods showed clear increase sectors construction civil engineering boosted rise public works also improved retail trade sales sectors continued slow reuter
coniston group continue bid allegis aeg investor group led coniston partners said plans continue effort gain control allegis corp despite defensive allegis announced last week allegis said would borrow three billion dlrs pay shareholders dividend dlrs per share lowering company net worth coniston group owns pct allegis stock said would seek shareholder remove allegis directors group said would consider breaking allegis airline hotel vehicle rental components succeeded coniston group said expects make announcement today plans allegis wall street analysts traders expected coniston abandon allegis result allegis defensive measures allegis officials unavailable comment reuter
laidlaw transportation ltd third qtr shr cts vs cts net vs revs mln vs mln nine mths shr cts vs cts net vs revs mln vs mln avg shrs mln vs mln reuter
budget rent car corp rd qtr net shr cts vs cts net vs revs mln vs mln nine mths shr dlrs vs cts net mln vs revs mln vs note restated pro forma basis reflect comparable treatment budget leveraged buyout september initial common stock offering may reuter
bank japan support dollar yen dealers
wojnilower sees drop u interest rates federal reserve promote lower interest rates year sustain world economic growth first boston corp managing director albert wojnilower said much fed would like take tough line inflation cannot act slow growth credit without national u economic policy selected dollar seems steady trade deficit responding united states decided push germany japan harder meet commitments economic growth federal reserve part moving rates wojnilower said report either recession seriously higher interest rates securities market participants seen little fear wojnilower said said last week money currency rates bond stock prices probably caused japanese window march end fiscal year accounts wojnilower said u probably enjoyed average economic growth first quarter however pick seems reflect pace inventory building prospect full year still real gross national product growth pct said reuter
opec differentials seen posing major problems opec states unhappy prices assigned crude oil pose great problems group reviews six month old price output pact vienna next week oil analysts say said nigeria holds opec conference presidency qatar probably biggest price differentials making crudes uncompetitive also speculation japanese traders opec might want mark prices high sulphur heavy crudes greater demand higher fuel oil prices experts agree major overhaul price differentials unlikely avoid giving market signals opec new opec members make good case changing differentials said one analyst major oil company end day attitude going leave well alone little nothing likely altered iran libya saudi arabia among also saw sales problems earlier year traders say customer resistance fixed prices cases marketing incentives helped sales producers sell priced crudes means discounts processing deals selling alongside better priced grades package many opec crudes seen reasonably priced least part year many experts say opec change prices quarterly monthly match seasonal demand fuel oil rich heavy crudes gasoline rich grades last meeting december opec agreed reintroduce fixed prices february around dlr per barrel reference point official prices effectively dropped members offered discounts attract customers opec also decided limit first half output mln bpd proposed ceilings mln third quarter mln fourth analysts expect extend raise slightly current ceiling coming months spot market netback values crudes official prices opec probably keep dlr target make minimal changes differentials analysts say dlr figure based basket six opec one non opec crudes opec assigned prices key export crudes dlr gap extra heavy crudes among left industry estimates vary proportion opec oil exports actually sold official prices several experts say one quarter one third total fact sells official prices rest included processing barter deals sold form refined products problems new structure appeared earlier year producers output fell due customer reluctance pay new prices nigeria especially found gasoline rich bonny light crude opec highest priced grade dlrs barrel uncompetitive spot market britain brent february march nigeria production mln bpd opec quota spot prices since due partly seasonal demand gasoline output risen experts feel bonny light still say price cut cts one dlr barrel chief oil analyst london kleinwort grieveson securities doubts nigeria actively push differentials question vienna would look good opec nigeria holds presidency raised issue said reuter
electro rent corp rd qtr feb net shr cts vs cts net vs revs mln vs mln avg shrs vs nine mths shr cts vs dlrs net vs revs mln vs mln avg shrs vs reuter
corrected national westminster bank usa st qtr net mln vs mln note national westminster bank plc subsidiary loan loss provision mln vs mln investment securities gains dlrs vs dlrs figures dollars corrects name subsidiary parent reuter
holding inc starts sugar bid holding inc said started previously announced offer purchase common shares holly sugar corp dlrs newspaper advertisement firm said offer proration period withdrawal rights expire november unless extended offer approved holly board followed merger remaining shares exchanged cumulative redeemable exchangeable preferred stock conditioned receipt least shares would give two thirds interest receipt financing reuter
acquires control data unit minnesota mining manufacturing said acquired computerized hospital information systems business control data corp terms disclosed business employees supplies computers software hospital information systems integrated hospital software business control data said divestiture part strategy focus markets reuter
colonial bancgroup clbga makes acquisition colonial bancgroup said signed letter intent acquire community bank trust assets mln dlrs undisclosed terms subject approval regulatory authorities community bank shareholders completion expected within next year said reuter
cos inc rd qtr net shr dlrs vs cts net mln vs mln revs mln vs mln avg shrs mln vs mln nine mths shr dlrs vs dlrs net mln vs mln revs billion vs billion avg shrs mln vs mln reuter
banctexas group inc rd qtr oper loss oper shr loss dlrs vs loss dlrs oper net loss vs loss avg shrs vs nine mths oper shr loss dlrs vs loss dlrs oper net loss vs loss avg shrs vs assets mln vs billion deposits mln vs mln loans mln vs mln note july company completed recapitalization injection mln dlrs cash mln federal deposit insurance corp mln dlrs raised stock rights offering qtr nine mths exclude gain mln dlrs realized primarily early settlement debt connection recapitalization three mln dlr loss investment securities qtr nine mths exclude mln dlr gain investment securities nine mths excludes gain mln dlrs sale subsidiary bank shr avg shrs restated one reverse stock split number shrs outstanding sept reuter
k buy ski area k ltd ski associates inc said reached agreement calling k buy california ski area approximately mln dlrs k owns mount snow ski resorts said california ski area located san mountains company said plans invest approximately mln dlrs ski area next years reuter
pac inc nd qtr period ended august shr profit one ct vs loss one ct net profit vs loss sales vs avg shrs vs six mths shr nil vs loss nine cts net profit vs loss sales vs avg shrs vs reuter
allegheny western energy ups payout qtly div cts vs six cts prior pay june record may note full name allegheny western energy corp reuter
congressman says u oil rep mike said today president reagan ready use military force protect kuwait tankers gulf united states ill prepared home deal new energy crisis democrat oklahoma made remarks comments study general accounting office gao u participation test emergency oil sharing program international energy agency iea alliance oil consuming countries formed arab oil find ways deal future oil said president prepared take military action protect kuwaiti oil tankers unwilling take less dangerous equally important action prepare nation next energy crisis reagan said u military would protect kuwaiti assure west continuing supply middle east oil increasingly threatened iranian iraqi war asked gao report criticism u action previous iea test said united states successfully advocated test limited training participants oil sharing procedures system mechanical aspects reuter
central illinois public cip rd qtr net ill oct shr cts vs cts net vs revs mln vs mln nine mths shr dlrs vs dlrs net vs revs mln vs mln note central illinois public service co full name company reuter
indonesia says extend oil contracts indonesia told oil industry tuesday extend contracts producing blocks improve investment climate wants see increased expenditure exploration return president suharto opening speech indonesian petroleum association said indonesia ready extend contracts held foreign oil companies producing areas order boost investment petroleum industry government indonesia basically approved extending production sharing contracts present laws suharto said apart government keep improving investment climate order accelerate development petroleum industry said indonesian energy minister subroto told association aware oil industry needed assured contracts blocks expiring within next years would renewed would invest exploration heard morning president fully aware situation subroto said government already made political decision entertain time problem existing producers continue activities indonesia selective basis indonesia one members opec must find new oil reserves remain exporter next decade oil industry sources say subroto said government also working ease problems including granting easier terms remote areas deep water conditions subroto said relations oil companies two way step expenditure oil exploration oil price recovered president suharto said wanted see greater transfer technology indonesian companies help oil industry regions companies operated abdul president state oil company pertamina said exploration production expenditure oil companies indonesia forecast fall billion dlrs calendar billion pertamina production sharing joint operation contracts foreign oil companies subroto said necessary approvals field operations government priority government oil industry certain areas field designated commercial evaluation made said government wanted contract extensions soon practical urged industry meantime maintain exploration drive subroto said indonesia needed companies maintain exploration efforts even contract due expire within years need sort guarantee soon come extension agreement eleven major contract areas due come renewal industry sources said extension contracts blocks involved detailed negotiations far extension granted subroto told reporters afterwards contract extensions would selective based much capital would invested reuter
wells fargo co wfc raises quarterly div qtly div cts vs cts pay jan record dec reuter
micron technology inc dram rd qtr june four shr loss cts vs loss cts net loss vs loss revs mln vs mln avg shrs mln vs mln nine mths shr loss dlrs vs loss dlrs net loss mln vs loss mln revs mln vs mln avg shrs mln vs mln reuter
china industrial output rises first quarter china industrial output rose pct first quarter period people daily said overseas said growth rate compares target seven pct whole rather high base first quarter low side industrial output grew pct first quarter said china industrial production year normal product quality efficiency need improvement gave details reuter
mobil mob north sea natural gas find mobil corp said well block british north sea flowed mln cubic feet natural gas per day depths feet company said pct interest interest holders include atlantic richfield co arc sun co sun ag pct reuter
allegis aeg sell canadian hotels allegis corp said created limited partnership sell selected hotels canada public said offering expected raise excess mln canadian dlrs completed end september limited partnership similar westin hotels limited partnership completed last year allegis sold westin hotels san francisco chicago allegis reported pretax gain mln dlrs result partnership allegis spokesman said offerings planning stages long time unrelated recent corporate developments firm recapitalization plan threatened takeover investor group lead coniston partners pilots united airlines unit spokesman said company yet identified canadian hotels offered sale allegis pct ownership westin hotels vancouver calgary ottawa toronto pct interest hilton international hotels toronto montreal owns pct westin edmonton richard ferris chairman allegis said statement hotel limited partnerships allow company convert asset appreciation cash proceeds earlier limited partnership money used general corporate needs spokesman said merrill lynch capital markets wood gundy lead underwriters public offering limited partnership offered outside u allegis said reuter
corp year loss shr loss cts vs profit two cts net loss vs profit revs vs reuter
frost sullivan inc increases payout semi annual div seven cts vs six cts prior pay june one record may one reuter
stewart sells plant sara lee stewart inc said sold coffee plant sara lee corp superior coffee foods subsidiary undisclosed terms company said superior become exclusive coffee products marketed stewart stewart provide equipment service distribution superior coffee accounts reuter
abbott laboratories inc st qtr net shr cts vs cts net mln vs mln sales billion vs mln reuter
canada february trade surplus billion dlrs january mln dlrs surplus
gte corp st qtr shr cts vs cts
saudi arabia opposes drastic change oil price saudi arabia oil minister hisham nazer said riyadh would agree cut oil prices would accept mad increase would drive consumers away told al riyadh newspaper saudi arabia follows balanced petroleum policy approve decrease prices current levels also accept mad increase would drive consumers away make try find alternative sources energy opec agreed last december cut production world prices hit new lows agreed pricing system aimed stabilize market around dlrs barrel opec scheduled meet vienna june review current oil price production policy saudi arabia king fahd said last month wanted oil prices remain stable next two years saudi arabia architect current pricing production pact backed kuwait uae current pact set production ceiling first half mln bpd implemented fixed prices based dlrs barrel average reuter
ericsson buy rest spanish unit l ericsson sweden said agreed principle buy pct spanish unit already spain telecommunications administration terms agreement disclosed ericsson said controls pct spanish telephone switch market employees annual sales mln crowns mln dlrs purchase affect close working relationship ericsson said reuter
corby distilleries ltd buy heublein distillers mln canadian dlrs
inland inc tin rd qtr net shr dlrs vs dlrs net mln vs mln revs mln vs mln nine mths shr dlrs vs dlrs net mln vs mln revs billion vs mln reuter
le groupe nine mths net period ended may shr cts vs cts net mln vs mln revs mln vs mln avg shrs mln vs mln reuter
myers industries inc rd qtr net shr cts vs cts net vs revs mln vs mln nine mths shr cts vs cts net vs revs mln vs mln note earnings per share adjusted stock split distributed september reuter
investment firm raises tvx stake wedge group inc houston investment firm said raised stake tvx broadcast group inc shares pct total outstanding common stock shares pct filing securities exchange commission wedge said bought tvx common shares prices ranging dlrs share reuter
canada approves u gas exports ltd issued export licence sell billion cubic meters natural gas ocean state power co rhode island federal energy department said sale covering year period beginning may previously recommended national energy board contract terms released reuter
corp st qtr net shr cts vs cts net mln vs mln sales mln vs mln reuter
american brands amb acquisitions seen american brands inc mln dlrs acquisition national distillers chemical corp liquor business expected one series acquisitions tobacco company analysts said inability get chesebrough said looking acquisition surprise came another one said allan kaplan merrill lynch co american brands failed late last year billion dlrs bid chesebrough inc unilever n v agreed buy company since wall street speculating american brands would find another candidate help reduce earnings exposure tobacco said george thompson prudential bache securities going come american brands make acquisition tobacco still significant part earnings position little less favorable philip morris rj reynolds said cash flow low growth tobacco tobacco business require great amounts capital expenditures therefore use funds make acquisitions analysts said national distillers spirits company makes vodka old old crow quite type acquisition spirits business steady gradual decline sometime tobacco business said thompson reuter
resource rd qtr aug net shr profit two cts vs nil net profit vs loss revs vs nine mths shr loss one ct vs loss four cts net loss vs loss revs mln vs mln note full name resource industries ltd reuter
merrill lynch co mer st qtr net shr primary one dlr vs cts shr diluted cts vs cts net mln vs mln rev billion vs billion reuter
porex merge medco porex technologies corp said agreed merge partly owned subsidiary medco services inc deal worth mln dlrs cash common stock porex shareholders company said agreement holders would receive new medco shares representing pro rata share medco shares owned porex plus pro rata shares cash value porex assets estimated mln dlrs subject adjustment medco mln shares outstanding exact terms may determined transaction becomes effective porex said porex share expected exchanged medco share dlrs cash subject approval companies part deal medco split stock five two company said merger accounted corporate reorganization recorded historical book values reuter
white house says japanese likely white house said high u tariffs japanese electronic goods would likely imposed scheduled april despite effort japan avoid presidential spokesman marlin fitzwater made remark one day u japanese officials meet emergency provisions july semiconductor pact discuss trade punitive tariffs fitzwater said would say japan applying full court press certainly putting feet forward terms explaining position added indications tariffs take effect reuter
nova corp says considering takeover bid dome petroleum
cipec studying copper market paris based council copper exporting countries cipec closely studying current world copper market prices taking action present cipec sources said organisation executive marketing committees reviewed current market situation series meetings late last week took major decisions sources noted premium nearby supply forward delivery dates back several weeks record unusual one official said added cipec immediate remedy situation meetings gathering directors cipec regional copper development promotion centres based europe japan india brazil main aim prepare ground annual ministerial meeting cipec scheduled zaire late september last three ministerial meetings held paris keep costs reuter
snap tools corp rd qtr net shr cts vs cts net vs sales mln vs mln nine mths shr dlrs vs dlrs net vs sales mln vs mln reuter
equiticorp holding guinness reaches pct equiticorp holdings ltd owns received acceptances representing pct issued ordinary share capital guinness peat group plc l equiticorp said statement equiticorp offer guinness peat became unconditional october pct closed october reuter
calmat sues industrial equity calmat co said filed suit los angeles superior court industrial equity pacific ltd certain affiliates ronald president industrial equity north american operations company said charges material non public information acquired capacity calmat director used information benefit industrial equity according recent amendment schedule industrial equity owned pct calmat stock october calmat said said industrial also stated intends pursue possible business combination near future reuter
mexico plans leave ico mexico intention leaving international coffee organization ico event brazil withdrawing group mexican coffee institute said said statement ico important instrument ensuring producers obtain adequate price mexico currently produces around five mln kilo bags coffee per year brazil said meeting coffee producers rio de janeiro weekend would consider leaving ico export quota reduced organization reuter
canada day bills average pct making bank rate pct
union ends pact sell canbra union enterprises ltd said agreement sell interest canbra foods ltd capital corp terminated union said failed make offer union pct interest canbra june deadline union said longer bound agreement continuing seek buyer interest reuter
pakistan says good economic growth continues pakistan says economy continued recent outstanding performance financial year ending june areas like balance payments investments energy causing concern gdp grew line average growth rate since inflation rate lowest since according government economic survey reform economic regulation gathered momentum performance five point government program rural education said survey ministry economic adviser told news conference recent rains damaged wheat crop gdp growth calculated pct compared pct said figure might slide little around pct survey said monetary expansion estimated nine pct date might rise around pct year end said exports rose pct billion dlrs billion dlrs time home remittances abroad dropped billion dlrs level billion exports improvement balance payments situation required declining trend home remittances said survey said trade deficit expected fall billion dlrs three billion dlrs boost exports said national investment continued small poor rate savings pct gdp said savings required maintain possibly step present growth rate finance country seventh five year development plan launched july reuter
usda seeks comments grain discount schedule u agriculture department seeking public comments question adjusting commodity credit corporation ccc discount premium schedules improve quality grain accepts loan collateral price support programs premiums discounts schedule based quality factors moisture content damage schedule premiums discounts used valuing grain ccc accepts purchases year department said possible producers could encouraged delivery higher quality grain ccc adjusting premiums discounts comments due april report congress required law may reuter
marine midland bank cuts prime rate pct pct effective immediately
american business products inc rd qtr shr cts vs eight cts net vs revs mln vs mln nine mths shr dlrs vs dlrs net vs revs mln vs mln note qtr nine mths includes loss dlrs cts per share unspecified extraordinary item reuter
ltv negotiate steelworkers ltv corp ltv steel corp said agreed resume negotiations united steelworkers america local plant levels discuss provisions proposal require local implementation local union narrowly rejected tentative agreement company may said ltv also said agreed reopen offer contained tentative agreement reached union negotiating committee part plan resolve problems local discussions reuter
software services america inc net rd qtr feb shr profit cts vs loss four cts net profit vs loss revs vs nine mths shr profit cts vs profit two cts net profit vs profit revs vs reuter
thomson grand public takes emi division thomson
sets split payment date lp said april distribution date new units result previously announced two one split unitholders record april reuter
partnership buys ipco stake pct co new york investment partnership told securities exchange commission bought pct stake ipco corp common stock partnership said acquired ipco shares paying mln dlrs believed securities attractive investment opportunity said planned regularly review investment may future recommend business strategies extraordinary corporate transaction merger reorganization liquidation asset sale partnership controlled marcus co inc new york brokerage firm prime medical products inc greenwood c medical supplies firm reuter
consolidated inc rd qtr net shr cts vs cts net vs revs mln vs mln nine mths shr dlrs vs dlrs net revs billion reuter
geodyne sets warrants acquisition geodyne resources inc said filed registration securities exchange commission covering planned offering mln warrants buy common company also said board evaluating proposal acquire closely held snyder exploration co one mln geodyne shares members geodyne senior management also serve senior management snyder painewebber group inc pwj owns pct geodyne mln outstanding shares substantial equity interest snyder acquisition geodyne board members employed company painewebber company affiliated painewebber subject approval board series c preferred shareholders geodyne resources said registration related stock exchanged snyder filed sec yet become effective snyder owners geodyne president michael w executive vice president james snyder company said warrants offered investors painewebber geodyne energy income program ii every dlrs invested program investor entitled buy one warrant purchase one geodyne common share price equal pct average closing price stock trading days prior formation partnership investor geodyne said painewebber investment executives market program entitled receive one warrant every dlrs generated four year period warrants would exercise price equal pct day average company said warrants currently priced cts price evaluation independent underwriter reuter
southwest bancorp rd qtr loss oper shr loss cts vs profit cts oper net loss vs profit avg shrs vs nine mths oper shr loss cts vs profit cts oper net loss vs profit avg shrs vs note net excludes tax loss carryforwards dlrs quarter dlrs nine mths quarter net includes dlr tax credit net periods includes dlr addition loan loss reserves due mostly one state real estate transaction reuter
adobe resources corp rd qtr net shr loss two cts vs loss cts net profit vs loss revs mln vs mln nine mths shr profit cts vs loss dlrs net profit mln vs loss mln revs mln vs mln note qtr nine mths includes gain dlrs five cts per share mln dlrs cts per share respectively net operating loss carryforward qtr nine mths includes loss dlrs cts per share loss mln dlrs cts per share respectively payment preferred dividends qtr nine mths includes loss dlrs cts per share mln dlrs cts per share respectively payment preferred dividends reuter
peoples heritage bank st qtr net shr cts vs given net vs note includes net securities gains dlrs vs mln dlrs company converted stock ownership december reuter
six killed south african gold mine accident six black miners killed two injured rock fall three km underground south african gold mine owners said sunday rand mines properties ltd one south africa big six mining companies said statement accident occurred saturday morning east rand proprietary mines ltd mine km east johannesburg company spokesman could elaborate short statement reuter
f w woolworth co says hikes dividend cts share cts
citibank lowers australian prime rate pct citibank ltd said would lower australian prime rate pct effective tomorrow new rate banks lowest among australian trading banks range pct australian prime rates retreated recent peak pct october line declining money market levels citibank said reduction reflected decline reuter
gencorp gy says rko unit sale terminated gencorp said agreement sell rko pictures subsidiary management group terminated group could raise necessary financing company said seek buyers unit library films reuter
cb bancshares inc st qtr net shr cts vs cts net vs avg shrs mln vs mln note results reflected pooled acquisition first community bancshares inc march include bancorp january purchase reuter
atlantis may bid charter crellin atlantis group inc said bought shares charter crellin inc common stock pct total outstanding may seek control negotiated transaction filing securities exchange commission atlantis said informally discussed business combination charter crellin management company said held negotiations charter crellin intend initiate discussions pending development specific proposals atlantis said continue purchase additional charter crellin shares private open market transactions depending range factors including market price stock atlantis said bought charter crellin common stock open market transactions september october dlrs dlrs share total mln dlrs reuter
chemical new york corp chl st qtr net shr dlrs vs dlrs net vs avg shrs vs assets billion vs billion loans billion vs billion deposits billion vs billion return assets pct vs pct return common equity pct vs pct note qtr net reduced mln dlrs billion dlrs brazil loans placed non accrual reuter
bancorp st qtr net shr seven cts vs five cts net vs loans mln vs mln deposits mln vs mln assets mln vs mln reuter
alcan reduces cost planned smelter alcan aluminium ltd said cut expected cost planned quebec smelter using enhanced grande reduction technology company said decision use used grande quebec smelters taken primarily cost reasons result said estimated total cost planned smelter held mln u dlrs low end range estimated mid may cost first phase cut mln dlrs projected mln dlrs reuter
myers industries inc st qtr net shr cts vs cts net vs sales ln vs mln note per share figures adjusted ten pct stock dividend paid august reuter
santa fe energy partners rd qtr loss shr loss cts vs loss dlrs net loss vs loss mln revs mln vs mln avg units mln vs mln nine mths shr loss cts vs loss dlrs net loss vs loss mln revs mln vs mln avg units mln vs mln note full name sante fe energy partners l p reuter
dresser di sell unit co dresser industries inc said signed definitive agreement sell reliance standard life insurance co holding co inc subsidiary privately held new york based investment firm co terms undisclosed philadelphia based reliance earned mln dlrs sales mln dlrs dresser said use proceeds sale stock repurchases debt reduction possibly complementary acquisitions field engineered products services energy producers reuter
make acquisition corp said agreed principle acquire line related manufacturing facilities le de undisclosed terms subject approval boards government authorities company said acquired products sold mostly france use wheat sugar beets sales mln dlrs annually reuter
canada leading indicator pct january pct december rise official
ec presidency prepared drop oils fats tax belgium current holder european community presidency appears ready drop controversial oils fats tax year contested farm price package diplomats said discussion document prepared today summit meeting ec leaders belgium proposed called stabilising mechanism subject study consultation community main trading partners proposal tax much ecus per tonne imported domestically produced vegetable marine oils fats attracted storm international criticism discussion document aimed preventing cash row summit breaking deadlock year farm price talks contained first formal reference dropping measure britain denmark assumes ec presidency june led opposition measure supported west germany netherlands lesser extent spain although paper welcomed diplomats said proposal postpone consideration tax six months certain reuter
travel inc nd qtr may net shr profit six cts vs loss one ct net profit vs loss rev mln vs mln six months shr profit eight cts vs loss one ct net profit vs loss rev mln vs mln reuter
corp rd qtr net shr cts vs seven cts net vs revs mln vs mln nine mths shr cts vs cts net vs revs mln vs mln note net includes loss discontinued operations two cts per shr qtr cts per shr nine mths reuter
ecuador produce opec quota minister ecuador produce crude oil excess bpd opec quota second half year energy minister fernando santos alvite told news conference ecuador plans produce bpd august rising bpd next january minister said producing quota pay crude products lent venezuela nigeria kuwait compensate crude unable produce past months said earthquake damage pipeline sharply cut ecuadorean production march may year santos said move explained fellow opec members last week meeting vienna increase ecuador quota bpd approved understood position believe remain within spirit quota agreement said immediately march quake ecuadorean production bpd bpd exported production venezuela nigeria kuwait ecuador total mln barrels crude four mln barrels products santos said reuter
patient considering debt restructuring patient technology inc said retained investment banking firm consider alternatives restructuring long term debt including possible exchange offer mln dlrs outstanding convertible debentures april one began sales marketing manufacturing operations consolidation expected complete june one company said focusing restructuring balance sheet company said first quarter adversely affected consolidation effort year ago first quarter company reported profit dlrs mln dlrs company said second quarter period earnings growth resume second half year ended december patient reported net loss mln dlrs sales mln dlrs due write offs discontinued operations temporary backlog orders reuter
gillette gs gets offer revlon rev gillette co said revlon group made unsolicited request asking gillette board allow revlon make cash offer gillette shares least dlrs per share gillette said consent bid required standstill agreement revlon gillette revlon make move gillette stock november revlon made unsolicited offer gillette shares gillette said subsequently revlon withdrew offer sold back gillette shares owned time entered standstill agreement gillette board directors regularly scheduled meeting afternoon gillette said anticipates making statement meeting reuter
australian crude output falls first nine months australian crude oil condensate output fell pct mln barrels first nine months fiscal ending june department resources energy said decline production nine months end march reflected mainly sharp dip early fiscal year low oil prices high marginal excise rates led reduction output bass strait department figures major energy statistics publication show barrels reuter
volkswagen dividend unchanged dividend business unchanged marks per ordinary share company also set dividend marks new preference shares issued last year note company said profit match level despite provisions mln marks connected alleged currency fraud group net profit mln marks parent company net mln marks company full name volkswagen ag vowg f reuter
bank new england corp bkne st qtr shr dlrs vs cts net mln vs mln reuter
st qtr net shr cts vs cts net vs sales mln vs mln avg shrs vs reuter
ibm ibm higher shipments costs qtr international business machines corp said shipments revenues higher first quarter net earnings fell pct part due higher expenses ibm said net income fell mln dlrs dlrs share billion dlrs dlrs pct fewer shares outstanding total sales income rose pct billion dlrs billion dlrs costs expenses rose pct billion dlrs billion quarter computer maker said company said continues take actions make competitive including cost expense reduction measures although worldwide economic situation remains unsettled encouraging signs business ibm said statement addition increase first quarter shipments announced new offerings large processor personal product lines said yet fully benefit recent product announcements retirement incentives resource measures expect actions significant impact progresses company added said expects u employees take advantage retirement incentives announced last year pretax earnings fell pct billion dlrs billion ibm said pretax margins slipped pct pct said reuter
canada seeks five year farm reform plan canada propose new round international trade talks trade farm subsidies five year period trade minister pat carney said agricultural subsidies trade barriers created circle continues cause problems overproduction low commodity prices carney told house commons carney outlining government new position farm trade problem tabled tuesday geneva multilateral talks gatt general agreement tariffs trade details released carney said government would also pressing improvement market access new measures ensure countries artificial barriers canadian proposal countries would ensure domestic policies programs address specific needs farm sectors trade government background paper said furthermore assessing trade impact programs credit could given countries effectively control output farm products papers said reuter
new england electric system five mths net five mths end may shr dlrs vs dlrs net mln vs mln revs mln vs mln avg shrs mln vs mln mths shr dlrs vs dlrs net mln vs mln revs billion vs billion avg shrs mln vs mln reuter
winley buys land c holdings inc winley home builders inc said completed land purchase agreement c holdings inc dlrs notes preferred stock company said bought lots colorado richmond homes ltd c unit return dlrs promissory notes dlrs preferred stock company said c option convert winley preferred stock pct winley common year reuter
southland slc unit raises crude oil prices citgo petroleum corp subsidiary southland corp said raised contract price pay grades crude oil cts barrel effective oct increase brings citgo postings west texas intermediate west texas sour grades dlrs barrel light louisiana sweet priced dlrs citgo last changed crude oil postings sept reuter
german producer prices fall pct march west german producer prices fell pct march compared february stand pct lower march last year federal statistics office said february producer prices fell pct january dropped pct levels year earlier statistics office said producer prices natural gas fallen pct march february heavy heating oil prices pct liquefied gas prices fell pct coffee pct cheaper reuter
corp th qtr loss shr loss cts vs loss cts net loss vs loss sales vs year shr loss dlrs vs loss cts net loss mln vs loss sales mln vs mln note year net includes pretax realized loss transaction dlrs net includes tax credits dlrs vs dlrs quarter dlrs vs dlrs year net periods includes gain dlrs pension plan termination reuter
tanzania raises fuel prices taxes budget government second annual budget since economic recovery program international monetary fund announced increases fuel prices sales tax higher levies government services finance minister said government expected spend billion shillings financial year pct year estimate revenue would provide billion shillings leaving deficit billion financed domestic foreign loans year budget initially projected deficit billion shillings mid year government impose new taxes keep deficit roughly target figure final deficit budget gave civil pct pay rise effect july compensate inflation pct said regular petrol would go pct similar increases cost premium diesel would rise pct higher levies affect official transactions road vehicle transfers various licence fees added reuter
u industrial capacity use rate pct september unchanged august
acquiring bank inc said board executed merger agreement bank merger completed shares bank common stock outstanding converted shares common stock company said bank total assets mln dlrs dec company said reuter
general public utilities gpu five mths net period ended may shr dlrs vs dlrs net vs revs billion vs billion note full name general public utilities corp reuter
raise energy factors stake lp said signed agreement increase interest energy factors inc pct pct investing mln dlrs energy factors stock reuter
citicorp cci rd qtr net shr profit dlrs vs profit dlrs net profit mln vs profit mln nine mths shr loss dlrs vs profit dlrs net loss billion vs profit mln note net nine mths vs includes provision possible credit losses billion vs billion net qtr vs includes provision possible losses mln vs mln assets billion vs billion loans billion vs billion deposits billion vs billion rd qtr reflects previously announced gain mln recognition pension plan funding mln tax benefits three billion provision net write offs qtr vs totaled mln vs mln year date vs billion vs mln reuter
first quarter loss international inc said first quarter loss dlrs dlrs costs internal audit report shareholders proxy dlrs startup expenses opening london offices company went public also said started marketing solid tube called retailing dlrs company also said acquired north country media group video productions company reuter
first boston inc fbc rd qtr net shr primary dlrs vs cts shr fully diluted dlrs vs cts net mln vs mln revs mln vs mln nine mths shr primary dlrs vs dlrs shr fully diluted dlrs vs dlrs net mln vs mln revs billion vs mln reuter
first federal bank nd qtr march net shr cts vs cts net vs total income vs st half shr dlrs vs dlrs net vs total income mln vs mln reuter
rjr nabisco rjr offsetting gains charges rjr nabisco inc said first quarter results include tax gain mln dlrs sale heublein inc offsetting charges company said operations performing well line expectations rjr nabisco said charges reflect reserves established cover certain expenses rjr nabisco said expenses covered tax basis include mln dlrs write redundant equipment facilities resulting modernization u tobacco operations mln dlrs continuing food subsidiaries mln dlrs connection early retirement high coupon debt reuter
stewart stevenson services th qtr th qtr ended jan shr profit cts vs profit cts net profit vs revs mln vs mln year shr profit nil vs loss dlrs net profit vs loss mln revs mln vs mln reuter
french official reserves rise may french official reserves rose mln francs may billion francs billion end april finance ministry said slight rise partly reflected repayment last month france outstanding billion francs debt owed european monetary cooperation fund fecom also reflected negative mln franc position france exchange stabilisation fund intervention purchases billion francs may foreign currency holdings fell billion francs billion ecu holdings fell billion francs billion due repayment part france debt owed fecom stabilisation fund operations ministry said claims imf rose billion francs billion including mln franc increase france reserve position imf mln franc rise holdings special drawing rights gold holdings unchanged billion francs reuter
cotton stocks cotton stocks deliverable new york cotton exchange cotton futures contract april reported bales bales previous day figure bales awaiting review bales awaiting reuter
corp sets quarterly qtly div five cts vs five cts prior pay july one record june reuter
corp st qtr net shr cts vs cts net vs loans mln vs mln deposits mln vs mln assets mln vs mln reuter
corp rd qtr net shr profit cts vs profit one ct net profit vs profit sales vs avg shrs vs nine mths shr profit cts vs loss cts net profit vs loss sales mln vs avg shrs vs backlog vs reuter
fortune systems approves unit sale fortune systems corp said shareholders approved sale computer hardware business sci technologies inc transaction expected close week annual meeting fortune said shareholders also voted change fortune name inc principal subsidiary corp reuter
corp st qtr sept loss shr loss cts vs loss cts net loss vs loss revs mln vs mln reuter
westinghouse electric corp wx st qtr net shr primary dlrs vs cts shr dlrs vs cts net mln vs mln revs billion vs billion avg shrs mln vs mln reuter
communications nd qtr feb loss shr loss cts net loss mln vs profit mln revs mln vs mln six mths shr loss cts net loss mln vs profit mln revs mln vs mln note company said year ago per share given comparable due certain allocations expenses turner entertainment group made subsequent periods results reflect merger agreement operations company independent agent data includes extraordinary tax loss carryforward gains dlrs qtr six mths reuter
dynamics research corp st qtr march shr cts vs cts net vs revs mln vs mln note share adjusted five four stock split january reuter
humana hum sell medical offices humana inc said agreed principle sell primary medical care facilities corp undisclosed terms transfers taking place next four months said retains offices mostly chicago area transaction expected impact earnings humana said reuter
florida employers insurance rd qtr shr cts vs cts net vs nine mths shr cts vs cts net vs note full name company florida employers insurance co reuter
investment firm ups france fund stake vbi corp british west investment firm told securities exchange commission raised stake france fund inc shares pct total shares pct vbi said bought france fund common shares april june prices ranging dlrs share reuter
inter tel inc nd qtr may oper net oper shr three cts vs one ct oper net vs revs vs avg shrs vs six mths oper shr five cts vs two cts oper net vs revs mln vs mln avg shrs vs note earnings exclude gain utilization tax loss carryforwards dlrs one ct share quarter dlrs two cts share six months reuter
first bank fbs sees loss brazilian loans first bank systems inc reporting higher first quarter net said interest paid mln dlrs brazilian loans nine mln dlrs loans rest profits entire year cut mln dlrs banking firm said non performing status loans cut first quarter net mln dlrs earlier reported first quarter profits mln dlrs cts share mln dlrs cts share year ago period loans restructured loans real estate mln dlrs pct total assets compared mln dlrs pct assets end mln pct assets march provision loan losses quarter mln dlrs compared mln first quarter special addition reserve mln dlrs net charge offs mln compared mln dlrs year earlier reuter
sees first quarter loss corp said expects report loss fiscal first quarter end june due start costs related new water products however revenues earnings consistently increase throughout remainder year president louis told analysts reuter
giant bay idaho gold venture giant bay resources ltd said signed agreement principle hecla mining co operating joint venture hecla idaho gold deposit giant bay said technology used ore processing right acquire working interest property said may spend much three mln u dlrs excluding capital costs bring mine production said drilling indicated substantial reserves gold grade ounce ton early tests show gold ore reuter
taiwan announces new round import tariff cuts taiwan announced plans another round import tariff cuts foreign goods shortly trade talks washington officials described move help balance trade united states wang der deputy director finance ministry customs administration department told reporters list products included items asked washington move part government efforts encourage imports trading partners particularly united states said said ministry sent proposal today cabinet tariffs products cosmetics apples soybeans television sets cut five pct cabinet expected give approval next thursday new tariff cuts would implemented possibly starting april added taiwan introduced sweeping tariff cut foreign products last january aimed helping reduce growing trade surplus united states island largest trading partner washington however satisfied cuts pressed reductions way cutting huge trade deficit taipei washington deficit taipei rose record billion u dlrs last year billion widened billion first quarter billion year earlier taiwan official figures show today announcement came departure later today member taiwan delegation washington series trade talks u officials delegation leader siew told reporters last night leaving heavy heart meaning would face tough talks washington rising protectionist u congress taiwan trade surplus washington third largest japan canada siew said talks starting april would cover u calls taiwan open market american products purchases major u machinery power plant equipment import tariff cuts protection intellectual property time give take talks u said without elaborating reuter
valley national corp st qtr net shr dlrs vs dlrs net mln vs mln assets billion vs billion deposits billion vs billion net loans billion vs billion reuter
ex arco arc chief sees energy crisis dwindling global crude oil reserves lack major new discoveries recent years send world energy crisis former atlantic richfield co chairman robert anderson said going come sooner anyone thinks anderson told reporters addressing houston business believe going see change world oil markets two three years oil becoming harder find anderson retired arco last year form oil gas co said world oil consumption approaching mln barrels day current excess capacity mln barrels day rapidly disappear looked around world could one mln barrels day shut production outside middle east said soon going right back anderson predicted world oil prices would end dlrs barrel continue gradual climb way prices stay flat enough supply said major oil discoveries past years alaska prudhoe bay oil reserves last major world discovery already produced five billion barrels oil half estimated reserves said reuter
cotton supply demand country usda u agriculture department detailed world supply demand data major importers exporters cotton country follows mln lb bales china cotton start stcks production imports x x x x domes use exports end stocks x less bales pakistan cotton mln bales start stocks production imports x x x x domestic use exports end stocks x less bales ussr cotton mln lbs bales start stocks production imports domestic use exports end stocks japan cotton mln lbs bales start stocks production nil nil nil nil imports domestic use exports nil nil nil nil end stocks reuter
tenneco become open access natural gas
wpp group extending expiration merger proposal jwt group june
national computer sees earnings growth national computer systems inc expects fiscal year earnings improve pct company told analysts although said april first quarter show earnings virtually flat revenues chairman charles said national computer taken steps improve margins said revenues expected increase modestly company decision leasing business nonrecurring year one time texas assessment project impact products last year said national computer first quarter results result major financial systems sales last year higher effective tax rate increased number shares outstanding company said next three consecutive quarters demonstrate excellent earnings growth reuter
valley capital corp rd qtr net shr dlrs vs cts net vs nine months shr dlrs vs dlrs net mln vs mln assets billion vs billion deposits billion vs billion loans mln vs mln reuter
usair u reports final proration factor usair group inc said announcing final proration factor tender offer piedmont aviation inc pie mln shares pct shares validly tendered usair said purchased pay mln shares representing pct tendered reuter
national intergroup unit raises crude prices permian corp subsidiary national intergroup said raised crude oil postings cts barrel effective june company said new posted price west texas intermediate west texas sour dlrs barrel light louisiana sweet price hike follows increases reuter
top officials arrive treasury g talks top officials leading industrial nations arrived u treasury main building begin meeting group five officials seen arriving reuter correspondents included west german finance minister gerhard stoltenberg bundesbank president karl otto poehl french finance minister edouard balladur central banker jacques de also seen arriving japanese finance minister kiichi miyazawa japan central bank governor satoshi sumita british chancellor exchequer central bank governor robin leigh pemberton immediate sign italian canadian officials monetary sources said fully meeting group seven expected begin around p local time gmt last least p gmt communique expected issued italian sources said italian acting finance minister goria met treasury secretary james baker last night talks baker apparently convinced goria declined attend february meeting group seven paris italy would participate fully meaningful decisions reuter
inc year loss oper shr loss cts vs loss dlrs oper net loss vs loss mln revs mln vs mln avg shrs mln vs mln note oper excludes loss provision discontinued operations vs mln loss conversion debt vs gain oper excludes loss pension plan liquidation loss discontinued operations reuter
del webb unit sells joint venture stake del e webb corp said del e webb properties corp unit sold one half interest acre meadows mixed use development near mesa ariz inc alaskan cooperative terms sale disclosed webb said one half interest venture reuter
audio video affiliates ava th qtr jan net shr cts vs cts net vs revs mln vs mln avg shrs mln vs mln mths shr cts vs cts net vs revs mln vs mln avg shrs mln vs mln note full name company audio video affiliates inc reuter
first union real estate investments fur net rd qtr oper shr cts vs cts oper net vs revs mln vs ln nine mths oper shr cts vs cts oper net mln vs mln revs mln vs mln note net excludes capital gains dlrs vs dlrs quarter dlrs vs dlrs nine mths reuter
inc nd qtr feb net shr dlrs vs dlrs net mln vs mln revs mln vs mln mths shr dlrs vs dlrs net mln vs mln revs mln vs mln note company reports earnings qtrly includes previous mths figures reuter
midlantic acquire county bancorp midlantic corp said agreed acquire county bancorp mln dlrs agreement calling county trust co county bancorp subsidiary merge midlantic national bank north midlantic said pay dlrs share cash times county bancorp march book value county shares outstanding said received option three principal shareholders pct county outstanding acquisition expected third quarter subject regulatory shareholder approvals reuter
nakasone sumita agree discount rate cut appropriate central bank sources
corp nd qtr feb net shr cts vs cts net mln vs mln revs mln vs mln six mths cts vs cts net mln vs mln revs mln vs mln reuter
uae oil minister oteiba visits egypt agency uae oil minister said al oteiba arrived last night visit egypt national middle east news agency said said oteiba attended opec ministerial meeting vienna would stay several days gave details non opec egypt pledged restrain output support opec moves boost oil prices oil minister last week said egypt plans leave oil production barrels per day unchanged next five years egypt able produce one mln bpd reuter
fed sets overnight system repurchases fed says
bros inc st qtr may loss shr loss cts vs loss cts net loss vs loss sales mln vs mln note year ago share results adjusted five four stock split august reuter
great northern nekoosa first qtr shr dlrs vs cts
computer associates acquire uccel corp mln dlrs
care master lp raises quarterly shr cts vs cts prior pay july record june reuter
tokyo exchange allows gold rubber brokers tokyo commodity exchange industry said allow five members become precious metal brokers taking total four members broke rubber total exchange official told reuters ministry international trade industry expected approve new brokers mid june move study since early may response requests non broker members exchange reuter
de laurentiis entertainment nd qtr loss period ended august shr loss cts vs profit cts net loss vs profit revs mln vs mln six mths shr loss dlrs vs loss seven cts net loss vs loss revs mln vs mln note full name de laurentiis entertainment group inc reuter
u k reserves show record underlying rise may britain gold currency reserves rose record underlying billion dlrs may following april billion dlrs increase treasury said underlying trend indicates level recent bank england intervention currency markets curb sterling strength market expectations rise one billion three billion dlrs treasury declined comment figures actual reserves rose billion dlrs may compared april billion increase total value billion dlrs compared billion end april borrowings exchange cover scheme mln dlrs april mln repayments scheme mln dlrs mln previously capital repayments eight mln three mln last month repayments government debt amounted mln dlrs underlying reserves increase net borrowings repayments larger previous record billion dlrs rise seen october may increase represents seventh monthly rise reserves billion dlrs period billion since start reuter
venezuela says opec oil output mln bpd caracas oct current opec oil production mln barrels per day bpd level threatens oil market venezuelan energy mines minister arturo hernandez grisanti said monday told reporters three four countries opec members mainly responsible overproduction declined identify opec production ceiling second half mln bpd venezuelan minister said opec production reached peak year went mln bpd august hernandez grisanti together oil ministers nigeria indonesia met heads state six mideast gulf countries earlier month urge opec members comply assigned production quotas said countries complying venezuela indonesia libya algeria ecuador saudi arabia iran hernandez declined say whether three four countries said mideast gulf reuter
u k gec declines comment u purchase general electric co plc l gec declined comment rumours london stock market planning another purchase u medical equipment field addition existing u subsidiary international inc gec spokesman said company policy comment acquisition rumours stock exchange traders said helped gec share price rise p final p yesterday closing price p reuter
ste ups offer sullivan sum ste resources ltd said increased cash takeover bid sullivan mines inc shares dlrs share give original bid offer minimum five mln common shares maximum six mln shares company said gave details reuter
transamerica ta unit buys reinsurance unit transamerica insurance group main property liability insurance operation transamerica corp said signed definitive agreement acquire newly formed insurer risk underwriters insurance co group ltd transamerica said unit renamed transamerica reinsurance co initially capitalized mln dlrs transamerica said acquisition represents first move specialty treaty reinsurance company said members join transamerica part acquisition expected close november subject various regulatory approvals reuter
corp rd qtr march net shr cts vs cts net vs revs ln vs mln nine mths shr dlrs vs dlrs net mln vs mln revs mln vs mln reuter
dauphin deposit acquire colonial dauphin deposit corp said signed definitive agreement acquire colonial bancorp inc agreement calls colonial merged dauphin deposit corp colonial subsidiary new holland farmers national bank merged dauphin deposit bank trust co lead bank dauphin deposit corp company said shareholders colonial receive shares dauphin common stock share colonial depending dauphin current market value said dec bancorp assets mln dlrs dauphin said reuter
inc six months march net shr two cts vs n net revs note company became public march reuter
mellon bank corp mel rd qtr net shr profit cts vs profit dlrs net profit mln vs profit mln avg shrs mln vs mln nine mths shr loss dlrs vs profit dlrs net loss mln vs profit mln avg shrs mln vs mln assets billion vs billion deposits billion vs billion loans billion vs billion note net includes loan loss provisions mln dlrs vs mln dlrs quarter mln dlrs vs mln dlrs nine mths net includes pretax gains sale securities mln dlrs vs mln dlrs quarter mln dlrs vs mln dlrs nine mths reuter
balladur contact g ministers french finance minister edouard balladur contact several finance ministers group seven leading industrial countries particular west german finance minister gerhard stoltenberg discuss crisis world markets finance ministry sources said say whether contacts led concerted action markets merely exchange views added french ministry officials continuing contacts exchange views market performance reuter
trw inc trw rd qtr net shr dlrs vs cts shr diluted dlrs vs cts net mln vs mln sales billion vs billion nine mths shr dlrs vs dlrs shr diluted dlrs vs dlrs net mln vs mln sales billion vs billion avg shrs mln vs mln avg shrs diluted mln vs mln reuter
rte rte buys emhart assets rte corp said completed purchase u aluminum electrolytic business related assets emhart corp undisclosed terms reuter
stoltenberg declines comment possible changed targets currencies
noranda begins salvage operations murdochville noranda inc said began salvage operations murdochville quebec mine fire last week killed one miner caused mln dlrs damage another miners trapped underground long hours brought safety noranda said cause full extent damage still said know fire destroyed feet conveyor belt noranda said work crews begun securing leading zone fire located company said extreme heat fire caused severe rock along several mine noranda estimated securing operation zone completed end april noranda said quebec health safety commission quebec provincial police noranda conducting investigation fire production mine suspended investigations complete copper mine smelter produced tons copper employs people smelter continues operate available concentrate stockpiled supplies noranda said reuter reuter
ec mainly tin extension u k stand taken european community ec members international tin council except britain said prepared back extension international tin agreement ec spokesman said said meeting ec states representatives yesterday britain undertook communicate decision partners today said ready yesterday take stand say added nine ec states backed extension spain portugal members international tin council raised objections common ec stance favour reuter
broadcasting inc six mths feb net shr cts vs cts net vs revs mln vs mln reuter
national beverage acquire faygo national beverage corp said agreed acquire privately held faygo beverages inc undisclosed amount cash company said detroit based faygo soft drink maker annual revenues mln dlrs national beverage also privately held owns beverages natural beverages private label brands bottling facilities united states reuter
bass group cuts national distillers dr stake investor group led members bass family fort worth texas said lowered stake national distillers chemical corp shares pct total common pct filing securities exchange commission bass group said sold national distillers common shares may prices ranging dlrs share long group stake five pct required disclose dealings national distillers common stock reuter
tools inc making acquisition tools inc said signed letter intent acquire majority interest privately held east coast sales distributor technical products room materials supplies terms disclosed said expects acquisition result substantial sales increase reuter
trump interstate properties talks acquire
colombian group suspends pipelines colombian group announced suspension oil pipelines pending government levy social tax foreign petroleum companies mln dlrs fine occidental petroleum corp oxy indication government would meet conditions demanded national army according state oil firm ecopetrol carried attacks petroleum pipelines recent launched two months ago caused estimated total mln dlrs damage communique said would demand tax one dollar per barrel crude oil pumped foreign firms condition maintaining suspension foreign oil firms pump average barrels per day colombia colombian tax authorities investigating occidental u owned firm alleged tax charges proven firm could face fine mln dlrs demands government charge penalty reuter
tribune co rd qtr net shr cts vs dlrs net vs revs mln vs mln avg shrs vs nine mths shr dlrs vs dlrs net vs revs billion vs billion avg shrs vs note per share earnings include daily news severance charges cts share quarter cts share nine months net income includes non recurring gains dlrs share quarter dlrs share nine months five cts share daily news severance charges reuter
strong demand peru jan may strong demand markets including recently japan resulted peru exports showing increase january may peru state owned mining industry marketing arm minpeco said statement released london office minpeco said peruvian customs figures exports first five months tonnes compared tonnes period tonnes whole minpeco said breakdown figures showed peru exported tonnes u jan may compared whole peoples republic china holland ussr areas tonnes sales u k west germany france western eastern european countries heading holland minpeco sells customers countries stocks company normally holds rotterdam statement said reuter
sell wireline operations industries inc said agreed sell wireline products manufacturing division fort worth texas wireline services division operations several locations international inc subsidiary john wood group plc undisclosed terms company said wireline services operations sold harvey la texas moore okla said operation moore surplus wireline equipment operations fort worth texas sold separately reuter
british land america inc year march shr loss cts vs loss cts net loss vs loss revs mln vs mln avg shrs mln vs mln note company subsidiary british land co plc reuter
northwest natural gas co st qtr net shr dlrs vs dlrs div cts vs cts prior net vs revs mln vs mln avg shrs vs reuter
stifel financial receives merger proposal stifel financial corp said received unsolicited merger proposal privately held laidlaw adams inc dlrs share cash outstanding shares proposal expires july values stifel mln dlrs stifel mln shares outstanding company said management board directors consider proposal set date meet said proposal currently studied goldman sachs co legal counsel said conditions proposal include obtaining necessary financing satisfactory completion due diligence investigation laidlaw execution employment contracts key employees designated laidlaw reuter
franklin pennsylvania tax free initial payout franklin pennsylvania tax free income fund said board declared initial monthly dividend six cts per share payable april holders record april reuter
disney family makes bid holly sugar roy disney family disclosed filing securities exchange commission made bid acquire holly sugar corp package cash securities shamrock holdings california inc disney family company said submitted bid april salomon brothers inc holly sugar investment banker offer dlrs cash securities face value dlrs contingent payment certificate would pay much dlrs year period share holly sugar outstanding disney family already holds holly sugar shares pct total outstanding following purchases shares march april shamrock told sec shamrock said asked certain information holly sugar financial condition turned said offer therefore subject discussions opportunity complete due diligence evaluation company including certain facilities meetings key management personnel would prepared negotiate aspects proposal including price said april letter reuter
interstate securities inc th qtr sept shr cts vs cts qtly div cts vs cts prior net vs revs mln vs mln year shr cts vs dlrs net vs revs mln vs mln note qtly div payable december shareholders record november reuter
compact video inc year loss shr loss cts vs loss two cts net loss vs loss revs mln vs mln note results months ended dec eight months ended dec acquisition brooks drug september company change fiscal year prior year results comparable compact video explained reuter
u telecommunications inc ut rd qtr net shr profit cts vs profit cts net profit mln vs profit mln revs mln vs mln nine mths shr loss cts vs profit dlrs net loss mln vs profit mln revs billion vs billion note per shr reflects payment preferred dividends results include loss eight cts shr prior nine mths discontinued operations latest nine month results include one time charge dlrs share relating us sprint revenues exclude us sprint joint venture gte corp gte reuter
reagan says u committed louvre accord president reagan said united states remains committed louvre accord seven major industrial nations agreed stabilize currency exchange rates united states remains committed louvre agreement reagan said statement following meeting top economic advisers reagan said united states japan west germany reaffirmed commitment coordinate economic policies reagan said japanese prime minister designate said telephone conversation tuesday morning top priority maintain stable economic relations united states reagan noted treasury secretary james baker met west german financial officials reaffirmed commitment louvre agreement reaffirmed agreement coordinate economic policies provide non inflationary growth stable exchange rates reagan said reuter
network systems corp rd qtr net shr cts vs cts net vs revs mln vs mln nine mths shr cts vs cts net mln vs mln revs mln vs mln reuter
coca cola enterprises inc rd qtr net shr cts vs cts net mln vs mln revs mln vs mln avg shrs mln vs mln nine mths shr cts vs cts net mln vs mln revs billion vs billion avg shrs mln vs mln note results include acquired bottling companies dates acquisition pro forma basis acquisitions place start period company earned dlrs four cts per share mln shares outstanding revenues mln dlrs quarter earned mln dlrs cts per share number shares revenues billion dlrs nine mths reuter
southern national corp st qtr net shr cts vs cts net vs reuter
csr says non delhi gas oil stakes csr ltd csra said sale delhi petroleum pty ltd affect oil gas interests manages operates csr sold delhi holds average pct santos ltd stos led cooper eromanga basin onshore gas liquids joint ventures exxon corp xon unit mln dlrs april statement position csr said retain gas unit associated brisbane gas pipeline oilfield indonesia plus exploration interests queensland island china reuter
j bildner sons inc st qtr shr one ct vs nil net vs revs vs reuter
bankeast corp rd qtr net shr cts vs cts net vs nine mths shr cts vs dlrs net vs mln reuter
ambrit inc abi payout qtly div two cts vs two cts prior pay may record may eight reuter
willis faber says making agreed mln stg bid stewart
co votes quarterly dividend qtly div cts vs cts prior qtr pay june record may reuter
napa valley bancorp st qtr net shr cts vs cts net vs reuter
unocal ucl project unocal corp said told u treasury department include combustion technology method efficient burning creek oil shale project colorado due high costs agreement u synthetic fuels corp unocal said would study using technology oil shale plant return company would eligible mln dlrs loan price supports u treasury department took contract synthetic fuels corp unocal said unocal said studies showed cost combustion facility would exceeded mln dlrs compared original estimate mln dlrs facility would provided heat electricity oil shale project unocal said last year fall oil prices loss investment tax credit tax reform act made project even government price supports loan guarantees unocal said creek oil shale plant produces barrels per day crude shale oil unocal said reuter
applied inc st qtr sept shr cts vs cts net vs sales mln vs mln reuter
sumitomo bank aims quick recovery merger sumitomo bank ltd certain lose status japan profitable bank result merger bank financial analysts said osaka based sumitomo around trillion yen merged small bank estimated billion dlrs loans october despite link sumitomo president komatsu told reuters confident bank quickly regain position back position first place within three years komatsu said interview said merger initially reduce sumitomo profitability efficiency expand sumitomo branch network tokyo metropolitan area relatively weak financial analysts divided whether quickly pay said sumitomo may paid much view smaller bank large debts others argue merger cost effective creating comparable branch network analysts agreed bank aggressive expanded overseas entered securities business geared domestic competition questioned moves made bold moves put everything place largely hands said kleinwort benson ltd financial analyst simon smithson among sumitomo problems limits placed move enter u securities business taking share american investment bank goldman sachs co sumitomo last august agreed pay mln dlrs pct limited partnership bank time least federal reserve board exchange personnel increase business tie widely looked fed sumitomo expected said one analyst komatsu said move pay time u regulations change near future various things wait two three years st century komatsu said komatsu also willing patient possible routes securities business home article securities exchange act japan version u glass act commercial investment banking two komatsu said hopes deregulation create new opportunities need find new business chances komatsu said cases securities related cases trust bank related kind deregulation want changes occur sumitomo focus domestic securities business profitable government bond dealing strengthening relations securities co ltd holds five pct share komatsu said said sumitomo cautiously optimistic entering securities business swiss universal bank subsidiary banca del finance ministry expected grant licences securities subsidiaries u commercial banks soon following similar decision subsidiaries european universal banks parent holds less pct komatsu reluctant push hard similar decision subsidiary want make waves expect allowed two three years said like city banks sumitomo also pushing expand lending individuals small medium businesses replace demand big business added analysts said sumitomo lot time recent initiatives including merger ailing sumitomo bold strategies said kleinwort smithson question around next decade see strategy right wrong reuter
hong kong firm pct mcgill industrial equity pacific ltd told securities exchange commission acquired shares mcgill manufacturing co inc pct total outstanding common stock industrial equity principally owned brierley investments ltd publicly held new zealand firm said bought stake mln dlrs investment purposes said may add stake sell plans seek control company reuter
miyazawa says g still supports louvre accord japanese finance minister kiichi miyazawa said group seven g nations still support louvre accord stabilise currencies also told news conference following cabinet meeting group five g g plans meet talks finance minister said overseas stock market lead tokyo stock market special worry stock market tokyo added miyazawa said tokyo stock market affected markets new york london clear sign economic recovery japan stability exchange rates asked u contacted japan stock market plunge new york miyazawa said contact reuter
motors ltd six months april parent shr loss yen vs profit interim div nil vs nil net loss billion vs profit billion current loss billion vs profit billion operating loss billion vs profit billion sales billion vs billion outstanding shrs mln vs mln reuter
ltd rd qtr net shr cts vs cts net vs revs vs nine mths shr cts vs cts net vs revs million vs million reuter
newhall investment properties payout shr cts vs cts prior qtr pay june one record april reuter
bank rd qtr net oper shr three cts vs cts oper net vs nine mths oper shr dlrs vs dlrs oper net vs note operating net excludes extraordinary gains dlrs four cts share vs dlrs cts share quarter dlrs cts share vs dlrs cts share nine months reuter
banking center rd qtr net shr cts net vs nine months shr cts net mln vs assets billion vs billion deposits mln vs mln note company converted stock savings bank aug results include operations realtors acquired results include operations realtors acquired december cornerstone mortgage co acquired july mortgage co acquired july center capital corp formed august reuter
u k money market deficit removed bank england said satisfied revised estimate today shortfall money market providing mln stg assistance afternoon operations bank bought band one mln stg bank bills pct band two mln stg bank bills one mln stg treasury bills pct brings total help far today mln stg compared deficit estimate mln stg reuter
electronics ltd nd qtr loss period ended feb shr loss cts vs loss cts net loss vs revs vs six mths shr loss cts vs loss cts net loss vs loss revs vs reuter
r c inc marc nd qtr sept net shr cts vs cts net vs revs mln vs mln avg shrs vs st half shr cts vs cts vs revs mln vs mln avg shrs vs reuter
bancorp inc rd qtr net shr profit five cts vs profit seven cts net profit vs profit nine mths shr profit cts vs loss four cts net profit vs loss avg shrs vs reuter
u protect american ships u military forces mideast gulf orders protect american flag vessels u arms deliveries ships non belligerent states area pentagon said today one ever stated supported policy protecting shipping waters pentagon spokesman bob sims said reagan administration drew plans increase protective u military presence gulf sims denied published reports u defense secretary caspar weinberger sought air cover protect neutral shipping western gulf attacks iran iraq said repeatedly american flag vessels protection exception limited case case basis ships carrying foreign military sales equipment friendly non belligerent states region sims said u warships gulf two weeks ago protected kuwaiti ship bahrain u arms bahrain kuwait sims said washington received assurances arms would used elsewhere said kuwait turning oil tankers u firms fly american flag protected u warships considered belligerent despite iranian charges kuwait supporting iraq gulf war kuwaiti tankers come repeated iranian attack sims refused say united states beef seven ship middle east task force gulf protect tankers pentagon officials said additional ships air cover consideration reuter
financial corp rd qtr net shr cts vs cts net vs avg shrs vs nine mths shr dlrs vs dlrs net mln vs mln avg shrs vs reuter
indonesia turkey eligible cattle eep u exporters able sell head dairy cattle indonesia head turkey export enhancement program u agriculture department said export sales subsidized commodities inventory commodity credit corporation ccc department said indonesia turkey already purchased head dairy cattle respectively program details program offers exporters issued near future said reuter
u oil dependency seen rising record level united states dependency foreign oil sources may reach record levels mid according john h lichtblau president petroleum industry research associates lichtblau speaking alternative energy conference said u may depend foreign suppliers much pct oil previous high level pct long term growth dependency foreign oil inevitable lichtblau said much pct u oil imports could come opec nations said lichtblau said u depended foreign suppliers pct oil predicted would increase pct however rate growth affected government action lichtblau said said one government negative actions maintenance windfall profits tax acts developing existing fields reduces cash flow oil exploration lichtblau called adoption international floor price crude oil help stabilize world oil prices international floor price adopted industrial countries would clearly much effective measure would much less u imposed alone lichtblau said development alternate energy sources synthetic fuels well increased development alaska could lessen u dependency foreign oil lichtblau said potential alternative supplies could limit willingness opec nations raise oil prices said lichtblau also called federal government offer tax oil drilling fill strategic petroleum reserve faster rate develop pilot plans alternative energy reuter
investment crucial u textile recovery private investment protection u textile industry could become competitive modern foreign producers analysts two congressional agencies said today office technology assessment arm congress told house ways means trade subcommittee hearing still concern future parts u textile apparel industry reason optimism years ago textile producers making significant investments could analyst henry kelly said congressional budget office budget analysis arm congress said federal loans loan guarantees would options congress rather increased trade protection could lead foreign retaliation analyst edward said past trade first imposed small benefit profits investments domestic firms trade subcommittee chairman rep sam said agencies seemed agree opinion congressional approval protectionist textile quota legislation aimed mainly western europe japan asian textile producing countries president reagan last year vetoed textile protection bill reintroduced session congress expected voted house year however approval year doubt passage major trade bill without specific textiles showed weakening support legislation u producers fallen behind foreign producers use modern textile apparel production equipment net imports growing faster domestic markets kelly said added private investment textile clothing industry pct less one seventh average manufacturing investment pct despite existing import quotas tariffs imports textiles grew pct imports apparel grew pct u production rose pct traditional industry seems destined replaced new technology imports combination industry may able compete domestic markets enjoyed twenty years ago results research indicate portions domestic market recovered exports expanded kelly said reuter
saudi oil company gets new acting governor acting governor saudi arabia state owned oil company retired request oil industry sources said said ali head organisation planning would take acting governor held post since predecessor abdul left major oil industry shake last december sources said expected hold post permanently government removed oil minister ahmed posts late last year move industry sources said aimed coming buyers oil market two men run saudi oil industry years industry sources said despite huge resources saudi arabia unable oil marketing strategy competitive realities hisham nazer replaced successfully led opec engineered return fixed oil prices dlrs barrel last december nazer believed reviewing saudi oil operations could lead overhaul way saudi arabia business sources said sources said possible candidates governor job include prince abdul aziz abdul aziz earlier ran research center saudi arabia university petroleum minerals former deputy planning minister also list president university petroleum minerals economist ali ahmed director islamic port reuter
venezuela backs increase ecuador opec quota venezuela back ecuador bid raise opec quota barrels per day bpd demand venezuelan energy minister arturo hernandez grisanti said monday told reporters country higher quota compensation five months forced suspend oil production main pipeline destroyed earthquake last march five month period ecuador exercise right produce bpd said recognize ecuador right increase quota basis justice country petition added however quota increase gradual avoid harming market added hernandez grisanti said understood ecuador would formally submit request higher quota next ministerial conference organization petroleum exporting countries opec opening december vienna reuter
irwin jacobs says holds less five pct gillette
centel cnt completes sale centel corp said completed sale water properties serving customers four southwestern kansas communities central kansas utility co columbia mo terms disclosed reuter
french traders forecast ec sugar tender european community ec expected award export licences today weekly tender possibly tonnes white sugar last week award tonnes traders said expected maximum rebate ecus per kilos compared last week earlier traders london said outcome tender hard predict last week substantial award placing tonnes sugar intervention said believed tonnage would around declined give rebate figure reuter
partnership increases gull holdings gary associates lp said previously may seek control gull inc said increased stake gull common stock shares pct total outstanding previous figure approximately shares pct filing securities exchange commission gary associates said made net purchases gull common shares dlrs dlrs share gary associates made mention possible takeover attempt report sec reuter
amoco may buy dome dmp report says amoco corp apparently successful bidder debt dome petroleum ltd according published report toronto globe mail quoting sources close negotiations today said dome broke talks last night transcanada pipelines ltd last week announced billion canadian dlr offer dome assets financial details amoco offer available dome spokesman would neither confirm deny amoco emerged newspaper said however dome spokesman indicated sale dome could finalized announced weekend globe mail said representatives amoco immediately available comment last sunday transcanada announced offer dome said also talks two companies refused identify since market speculation amoco exxon corp xon pct owned imperial oil ltd subsidiary canada british petroleum plc bp royal dutch shell group rd also mentioned possible suitors dome past two days dome management pressured federal government select offer transcanada canadian company bidding prime minister brian mulroney government appears want avoid dome sale foreign company since government gave dome hundreds millions dollars tax breaks encourage oil gas exploration arctic analysts officials said purchase transcanada would least likely run canadian antitrust laws however transcanada asking tax concessions federal government trying hold deficit billion canadian dlrs analysts said takeover amoco imperial would also give foreign oil company dominant position canada oil industry imperial oil already canada largest energy company revenues billion canadian dlrs chicago based amoco revenues billion u dlrs amoco canada petroleum subsidiary pct owned amoco corp reuter
national distillers dr sees second qtr gain national distillers chemical corp expects realize second quarter tax gain four dlrs per share mln dlr sale spirits business american brands inc amb national distillers stock rose opening delay new york stock exchange imbalance orders think sales price higher people expected said john henry e f hutton group company spokeswoman said four dlr per share gain included second quarter net compares cts per share last year including spirits wine business mln dlrs spirits wine ease interest cost burden said henry national distillers sold wine business last month grand metropolitan plc heublein inc mln dlrs henry said anticipated national distillers would net mln dlrs sale two liquor businesses henry said company recovered sales cost buying enron chemicals fourth quarter last year national distillers paid mln dlrs cash enron assumed mln dlrs debt national distillers said time bought enron would sell spirits wine businesses moving chemical area two thirds income chemicals propane national distillers earned excluding liquor businesses dlrs per share income discontinued operations including liquor businesses cts per share reuter
klm net profit declines year amsterdam june year ended march net profit mln guilders vs mln profit per guilder nominal ordinary share guilders vs unchanged mln shares operating revenues billion guilders vs billion profit sale fixed assets mln guilders vs mln dividend eight pct guilders per ordinary share vs five pct vs priority preferential shares costs including depreciation billion guilders vs billion financial charges mln vs mln profit participations mln vs mln extraordinary gain one mln vs nil note company required pay corporation tax book year thanks fiscal compensation possibilities full company name koninklijke nv klm klm released provisional figures may net profit mln guilders vs mln operating revenues billion guilders vs billion reuter
corp nd qtr feb net shr profit cts vs loss cts net profit vs loss revs mln vs mln six months shr profit cts vs loss cts net profit vs loss revs mln vs mln note nd qtr six months include gains dlrs dlrs tax loss carryforward reuter
henley group said ended talks buying southern pacific santa fe southern
mobil australia reports mln dlr loss wholly owned mobil corp mob unit mobil oil australia ltd reported mln dlr net loss turnaround mln profit loss reflected combination strikes plus scheduled refinery shutdowns maintenance inventory losses caused government controls crude product prices mobil said statement however equity accounting associates profits reduced loss mln dlrs mln profit mobil said confident would see return profit built company restructuring reuter
first michigan bancorp rd qtr net shr cts vs cts net vs nine mths shr dlrs vs dlrs net vs reuter
lyng defends u export subsidy program u agriculture secretary richard lyng said united states continue policy farm exports regain lost markets global agreement end subsidies interview reuters lyng also acknowledged troubled prospect export enhancement program eep could prove boosting u exports u would difficulty abandoning yes troubled little bit said question longer feed longer recent months usda offered subsidies growing list commodities increasing number countries lyng called u european community export subsidies plain long term policy said saw end expansion eep sure end expansion accomplish goal regain markets lost keep products competitive let particularly european community convinced worst terms export prepared continue come agreement put end said reuter
washington bancorporation st qtr net shr cts vs cts net vs mln assets billion vs billion deposits billion vs billion loans billion vs mln note year ago results restated reflect merger inc reuter
german bankers remarks revive talk rate cut remarks two leading central bankers sparked renewed speculation financial markets cut west german three pct discount rate may discussion currency dealers said bundesbank board member said speech monetary growth resulting speculative capital inflows required cuts interest rates separately west berlin state central bank president dieter told journalists discount rate could fall lowest ever point pct made clear making forecast interest rates however currency dealers far east said dollar gained slight background support speculation german dealers noted bundesbank kept pct rate unchanged offered liquidity money market week expectations may either offer lower fixed rate money offer reduced minimum rate let strength banks demands set allocation rate allocated billion marks new liquidity much less billion leaving market prior pact expired weakened sentiment bundesbank could move monetary stance dealers said said speech england speculative capital inflows may cause monetary growth regardless whether central banks intervened exchange rates fell words monetary policy measures required different sometimes opposed needed money stock increasing result mounting economic activity though known liberal generally bundesbank board comments marked first time cuts rates suggested overly strong monetary growth dealers said reuter
gaf gaf seen raising borg warner bor bid gaf corp set acquiring borg warner corp valuable plastics business believed analysts preparing increased offer chicago based company yesterday borg warner said agreed acquired billion dlrs company formed merrill lynch capital partners merrill offered dlrs cash per share pct borg warner common stock package cash securities balance borg warner stock rose think stock price telling us gaf coming another bid said one analyst values company dlrs per share gaf offered dlrs per share holds pct borg warner stock cat game going price obviously nobody wants pay think gaf looking company way looking worth co analyst richard henderson said henderson estimated worth dlrs per share gaf said reviewing situation merrill lynch officials return phone calls analysts said believe gaf chairman samuel heyman sought borg warner chemicals plastics business plastics used things computer terminals appliances heck buy world class chemical operation days said henderson heyman got heavy like get pushed around said henderson gaf chemicals concern attempted takeover much larger union carbide corp two years ago gaf win company made substantial gain investment carbide analysts said gaf already large profit built borg warner holdings said even gaf raises offer succeed higher bid another company would give gaf millions dollars profits stock win win situation said one analyst one analyst speculated offer gaf would forthcoming shortly think finally final paragraph book said borg warner businesses include automotive parts protective services includes wells fargo security corp credit rating service charles rose oppenheimer co analyst follows gaf said gaf sell merrill lynch offer would realize mln dlrs net profit per share think probability goes price said rose rose said however could really predict heyman would sam low risk high return player trying build major industrial chemical enterprise trying investment bank rose said analysts said borg warner chemical business would add earnings momentum gaf worked paying much dlrs per share would still additive gaf time sold non chemical facilities said john henry e f hutton borg warner chemical plastics business provided operating profits mln dlrs revenues billion dlrs total operating profits mln dlrs net earnings mln dlrs borg chemical business great said rose adding u competitors monsanto co dow chemical co dow reuter
jwt group jwt golden jwt group inc disclosed filing securities exchange commission awarded called golden top officers company said granted special bonuses take effect executive fired within two years successful takeover june granted officials severance payment three times annual compensation fired takeover chairman payment limited twice annual compensation jwt approved additional sum payments one year compensation unspecified number highly paid company officials company also altered employee retirement stock incentive plans assure continued protection benefits employees event hostile takeover company disclose cost changes made severance retirement stock plans reuter
digest association sells unit digest association inc said sold subsidiary source corp venture capital firm welsh carson anderson purchase price disclosed digest said said purchased pct stake source earned unspecified profit mln dlrs revenues reuter
colombia business asked diversify coffee colombia government trade official urged business community aggressively diversify activities stop relying heavily coffee samuel director foreign trade institute said private businessmen become called coffee traditionally colombia major export national planning department forecast coffee account one third total exports billion dlrs oil energy products making another third non traditional exports remainder reuter
convergent inc rd qtr net shr profit four cts vs loss cts net profit vs loss mln revs mln vs mln avg shrs mln vs mln nine mths shr loss cts vs loss cts net loss vs loss mln revs mln vs mln avg shrs mln vs mln note net includes tax credits dlrs quarter dlrs nine mths nine mths results restated pooled acquisition inc reuter
family restaurants lp rd qtr shr cts vs cts net vs revs mln vs mln nine mths shr cts vs cts net vs revs mln vs mln reuter
usda u orange crop boxes florida crop boxes
central ill public service cip st qtr net shr cts vs cts net vs revs mln vs mln note full name central illinois public service co per share results reflect payment preferred dividends reuter
western federal savings bank st qtr net shr cts vs cts net vs note share adjusted pct stock dividend july company based puerto rico reuter
lawson says louvre currency accord satisfactory louvre agreement group seven finance ministers central bankers stabilise currencies worked well needs fundamental strengthening economic summit venice june u k chancellor exchequer nigel lawson said summit expected would produce major new economic initiatives lawson told reporters work remained done improving conditions lasting world economic growth side measures boost growth said think possible may scope reduction interest rates germany added stressed indication move likely made mention japanese interest rates lawson said u gradual reduction fiscal deficits next two three years said february louvre accord produced satisfactory exchange rate stability part thanks heavy coordinated intervention group seven central banks content sterling exchange rate pointing record billion stg rise u k may currency reserves announced today said playing full part much greater extent done lawson said risk louvre agreement may member states implement economic commitments underlying accord certainly would difficult maintain exchange rate stability countries seen implement commitments paris respect said u budget deficit important noting billion yen economic package announced japanese prime minister yasuhiro nakasone last week lawson said really needed japan increase merchandise imports supply side measures critical specific range consumer agricultural goods extremely restrictive regime wholly said lawson doubted tokyo partners would japan summit especially economic stimulation package announcement nakasone plans increase japanese development aid next three years japan flexible stance tokyo stock exchange membership would also help criticism said said thought west germany would instead come pressure summit adopt similar stimulation measures jack economic growth respect lawson said hoped bonn would bring forward january part agreed package tax cuts scheduled also called bonn push ahead privatisation german national industries debt lawson said expected three point british plan alleviate burden poorest sub countries make progress venice plan involving concessional rescheduling sovereign debt paris club first proposed imf world bank meetings washington earlier year lawson said would seek consolidate political backing plan venice summit hoped programme would finalised autumn meetings imf world bank welcomed recent moves citicorp chase manhattan increase sharply third world debt provisions first blow second market response shown banks much less fear sort move felt citicorp said u k banks follow bank england recommendations strengthening balance making provisions done extent need lawson said adding banks determine appropriate size provisions also said dismantling farm subsidies would discussed summit consensus push reuter
clevite gets dlr shr offer clevite industries inc said received written proposal j p industries inc seeking buy outstanding shares dlrs share clevite stock trading nasdaq j p industries recently completed acquisition clevite engine parts division j p industries said proposed transaction would financed borrowings available bank lines bridge financing facility donaldson lufkin jenrette securities corp agreed arrange transaction j p industries said would willing start cash tender clevite shares within five days agreeing upon definitive merger confirmation clevite financial results condition reuter
rule industries inc rule nd qtr feb net shr cts vs cts net vs revs vs st half shr cts vs cts net vs revs mln vs mln reuter
city resources set png gold venture goldfields consolidated ltd rgc city resources ltd agreed principle joint venture examine bulolo gold field papua new guinea city resources said city resources would earn pct rgc authority covers field spending total mln said statement said believed bulolo fully past noting heavy gold losses tailings produced total mln ounces city resources also said previous carried depth metres high grade gold values reported least metres central part bulolo valley possibly deep metres productive life recovered average grade bulolo rpt grams tonne mln cubic metres said city resources act operator bulolo field province first successful gold mining operation placer development ltd floated canada operated field ceased reuter
chemical bank cuts prime rate pct pct effective immediately
fresh juice co inc st qtr feb net shr loss five cts net loss sales note company began april reuter
ecuador cepe names new head state run ecuadorean state oil corporation cepe named jaime sanchez new general manager replacing carlos cepe spokesman said spokesman told reuters sanchez year old civil formerly headed cepe administration finances division resigned last week personal family reasons spokesman said reuter
society savings forms parent society savings bancorp inc said completed previously announced plan acquisition making new delaware chartered bank holding company parent chartered society savings reuter
rd qtr net shr cts vs cts net mln vs mln revs billion vs billion nine mths shr dlrs vs dlrs net billion vs revs billion vs billion note full name american telephone telegraph co note prior quarter nine mth net reduced mln dlrs two cts per share estimated costs reduce workforce consolidate various facilities prior qtr nine mths include pretax gain mln dlrs damages paid republic iran pretax gain mln dlrs change company ownership ing c olivetti spa tax gains added mln dlrs six cts per shr net income prior qtr nine mth results previously restated reflect change depreciation methods reduced net income mln dlrs cts per share reuter
subroto says indonesia supports tin pact extension mines energy minister subroto confirmed indonesian support extension sixth international tin agreement ita said new pact necessary asked reuters statement monday said pact allowed subroto said indonesia ready back extension ita support extension sixth agreement said seventh accord believe unnecessary sixth ita expire end june unless two thirds majority members vote extension reuter
bass led group pct bell howell co stake investment
us ruled attack iranian u military ruled iran silkworm missiles target retaliatory attack monday fear drawn deeply iran iraq war defense middle east experts said u naval forces destroyed offshore oil platform another administration called measured appropriate response iranian silkworm missile attack last friday u tanker kuwaiti waters private analysts generally agreed going rig rather onshore economic military target silkworm launch sites reflected careful bid washington limit political military diplomatic home gulf simply demonstrated united states take military action iran take military action norman defense analyst said said hitting platforms iran soil possibly avoiding escalating attack addition risk u forces potential losses including aircraft could shot taken part attack anthony new book iran iraq war said united states apparently limited target keep alive possibility u n secretary general javier de might still persuade iran accept security council call want u n initiative work chance said adding action made clear tougher steps would follow iran attack gulf shipping oil rig one said pentagon turned military command post washington also sent message might willing attack iran economic pentagon officials said platform used base iranian raids shipping lower gulf chosen military target also shown iran willing interfere oil exporting capabilities said predicted united states would respond future major iranian challenges hitting iran naval base straits hormuz followed mining approaches iran oil export terminal kharg island defense secretary caspar weinberger said monday united states seek confrontation iran prepared meet military action iran stronger reuter
bancorp rd qtr net shr cts vs cts net vs nine mths shr dlrs vs dlrs net mln vs mln reuter
abu dhabi marketing said opec pact senior abu dhabi oil official said remarks published today largest producer united arab emirates uae succeeding marketing crude oil without opec accords al oteiba marketing director abu dhabi national oil co adnoc told company petroleum community magazine adnoc also keen keep good customer relations company maintain dialogue care customers accordance market conditions take necessary steps guarantee marketing production said present oil marketing policy adnoc based adherence opec decisions december control production establish new pricing system attempt stabilize market added opec agreed last december limit production mln bpd return fixed prices averaging dlrs barrel oteiba said oil market future depended much discipline opec showed oteiba said last year world oil prices dropped adnoc difficult ever practical flexible pricing policy implemented relate changed market environment said crude oil sales last year jumped average bpd pct exported refined product sales totalled eight mln metric tonnes pct exported adnoc marketed total bpd crude oil mln tonnes refined products reuter
caterpillar inc cat rd qtr net shr profit dlrs vs loss cts net profit mln vs loss mln revs billion vs billion nine mths shr profit dlrs vs profit dlrs net profit mln vs profit mln revs billion vs billion reuter
corp rd qtr net shr profit three cts vs profit one ct net profit vs profit revs vs nine mths shr loss six cts vs profit two cts net loss vs profit revs vs note prior qtr nine mth figures include dlrs dlrs respectively reuter
u k treasury confirms bp sale go ahead british treasury confirmed sale british petroleum co plc go ahead planned despite monday stock market crash forced bp p share set billion stg issue government considering terminating bp offer offer fully underwritten treasury spokesman said issue remains open october fully underwritten last week issue price set bp shares closed p p ft se share index record points pct reuter
kraft kra completes acquisition kraft inc said completed acquisition co foodservice distributor based ill terms withheld said sales mln dlrs reuter
co nd qtr shr cts vs cts
colombia june coffee registrations opened colombia opened coffee registrations june shipment limit set private exporters april may national coffee growers federation official said colombia sold average bags per month since beginning calendar year reuter
national video inc year net shr four cts vs nine cts net dlrs vs dlrs revs mln dlrs vs mln dlrs note fiscal year ended march reuter
merrill lynch first qtr shr one dlr vs cts
saudi arabia agree mad oil price rise saudi arabia oil minister hisham nazer said riyadh would agree cut oil prices would accept mad increase would drive consumers away told al riyadh newspaper saudi arabia follows balanced petroleum policy approve decrease prices current levels also accept mad increase would drive consumers away make try find alternative sources energy opec agreed last december cut production world prices hit new lows agreed pricing system aimed stabilise market around dlrs barrel opec scheduled meet vienna june review current oil price production policy saudi arabia king fahd said last month wanted oil prices remain stable next two years saudi arabia architect current pricing production pact backed kuwait uae current pact set production ceiling first half mln bpd implemented fixed prices based dlrs barrel average reuter
data inc nd qtr may net shr cts vs cts net vs revs vs six mths shr cts vs cts net vs revs mln vs mln reuter
genetics institute inc st qtr loss period ended february shr loss cts vs loss cts net loss vs loss revs vs avg shrs vs reuter
american corp rd qtr net shr cts vs cts net vs revs mln vs mln nine mths shr cts vs cts net vs mln revs mln vs mln note qtr nine mths includes loss dlrs dlrs four cts per share repurchase debt reuter
u bank discount borrowings mln dlrs u bank discount window borrowings less extended credits averaged mln dlrs day week wednesday april federal reserve said total daily borrowings week fell mln dlrs mln dlrs extended credits mln dlrs mln dlrs week second half two week statement period ended wednesday net borrowings averaged mln dlrs first week period commenting two week statement period ended april fed said banks average net free reserves mln dlrs fed spokesman told press conference large one day net fed estimates reserves week ended wednesday week borrowings money center banks accounted pct small banks almost pct wednesday net borrowings billion dlrs fed funds averaged high pct money center banks accounted pct borrowing borrowings latest two weeks averaged mln dlrs day highest since statement period ended january float ranged mln dlrs thursday one billion dlrs monday tuesday spokesman said monday float included mln dlrs float one fed branch due mechanical problems mln dlrs tuesday float reflected non weather related transportation float one eastern reserve bank adjustments ranged minus mln dlrs monday cash letter two eastern reserve banks corrected plus mln dlrs thursday correction made funds single bank first half statement period ended wednesday banks held excess reserves first four days week ran deficit wednesday second week ran deficit thursday friday monday held excess reserves final two days reuter
anz banking group says cut prime rate pct june
potash co america inc nine mths loss shr loss dlrs vs nil net loss mln vs profit sales mln vs mln note per share payment preferred dividends reuter
convergent solutions inc nd qtr net march end shr profit cts vs loss two cts net profit vs loss sales vs avg shrs vs st half shr profit cts vs profit nil net profit vs profit sales vs avg shrs vs note prior half net includes dlr tax credit reuter
group ups stake tandy brands tab pct group companies including chicago based insurance co corp jacksonville fla real estate firm said raised stake tandy brands inc shares pct total filing securities exchange commission group said bought tandy common shares may june dlrs addition shares pct held previously reuter
paton reports u green coffee roastings higher u roastings green coffee week ended april kilo bags including used soluble production compared bags corresponding week last year bags week ended march george gordon paton co inc reported said cumulative roastings calendar total bags compared bags time last year reuter
italian net official reserves fall may italy net official reserves fell billion lire may previously reported billion april bank italy said gold holdings totalled billion lire end may unchanged end april convertible currencies totalled billion lire may billion april european currency unit holdings billion billion reuter
rhine blocked three weeks dutch salvage firm smit said may take three weeks lift swiss tug sank days ago west germany blocking rhine river smit west german subsidiary gmbh local water authorities raise vessels said lifting fleet position divers made first inspection smit still preparing final salvage plan said work would begin sunday reuter
stoltenberg says baker meeting accord west german finance minister gerhard stoltenberg said meeting monday u treasury secretary james baker determination u west germany continue close cooperation stabilise foreign exchange rates stoltenberg told news conference statement released yesterday monday private meeting emphasized determination continue close economic cooperation regarding foreign exchange monetary policy stoltenberg said baker bundesbank president karl otto poehl constructive discussion reached positive evaluation louvre accord meeting monday stoltenberg said initial contacts several european counterparts showed shared view expect declaration unified position positive effect said noted dollar firmed late u trading outcome baker meeting published reuter
protective life acquisition protective life corp said signed letter intent assume liberty life insurance co group insurance july subject regulatory approvals terms disclosed reuter
inc rd qtr feb net shr profit nil vs profit nil net profit vs profit sales vs nine mths shr loss one ct vs loss two cts net loss vs loss sales vs reuter
davis mining revises offer becor bcw becor western inc said davis mining manufacturing inc amended offer company becor said cash portion offer remains unchanged dlrs share principal amount debentures would increase dlrs dlrs becor share amended offer also includes dlrs face value surviving corporation pct cumulative preferred included previous offer reduces amount surviving corporation common held present shareholders pct pct becor western amended davis mining offer confirmation certain due diligence information becor also said discussions continue one possible bidder still identified company said expects discussions possible investor conclude shortly time board evaluate existing offers becor added reuter
u sept housing starts rose pct mln permits fell pct mln
mobil raises singapore petrol pump prices mobil oil singapore pte raise pump prices petrol june spokeswoman said grade octane gm lead cents litre cents previously gm lead grade octane cents previously spc earlier announced pump prices cents cents octane respectively gm lead petrol sold singapore today line ministry environment regulations reuter
care inc acquire care inc said agreed acquire associates calif exchange care shares reuter
seoul announces tariff cuts u south korea cut import taxes items including construction equipment photographic film cigarettes pipe tobacco help reduce trade surplus united states finance ministry said tariff cuts five percentage points take effect july brings number goods import taxes cut year ministry official said among items washington asked seoul lower tariffs added today announcement follows saturday removal import curbs products products u sought free access south korean market line government policy limit trade surplus united states help reduce trade friction two countries official said south korea trade surplus u rose billion dlrs billion officials said surplus expected widen seoul would try hold eight billion dlrs finance ministry said tariffs would cut later month items including average percentage points order check inflation officials said tariff cuts would contribute holding wholesale consumer price rises less three pct year reuter
says received takeover bids corp ltd said received proposals acquire company following announcement last august retained investment dealers solicit offers outstanding common shares said offers subject clarification negotiation offered details reuter
data inc nd qtr may net shr cts vs cts net dlrs vs dlrs revs mln dlrs vs mln dlrs six mths shr cts vs cts net dlrs vs dlrs revs mln dlrs vs mln dlrs reuter
zayre corp raises quarterly qtly div cts vs eight cts prior pay june four record may reuter
graphic services inc st qtr may shr cts vs cts net vs sales vs avg shrs vs reuter
corp rd qtr net primary shr cts vs cts diluted shr cts vs cts net vs revs mln vs mln primary avg shrs vs diluted avg shrs vs nine months primary shr dlrs vs dlrs diluted shr dlrs vs dlrs net mln vs mln revs mln vs mln primary avg shrs vs diluted avg shrs vs note third qtr results exclude extraordinary dlr gain termination pension plan nine month results include dlr gain june sale national supply common stock initial offering reuter
irwin jacobs gillette gs stake investor irwin jacobs said investment gillette co amounting less five pct consumer products company stock jacobs made comment response enquiry comment yesterday gillette rebuffed takeover proposal revlon inc agreement two companies revlon must permission gillette board making offer shareholders board declined grant permission gillette topic takeover speculation several weeks stock traded heavily arbitragers said believe jacobs may investor sizeable position company reuter
pay n pak pnp receives amended proposal pay n pak stores inc said received revision one two previously disclosed proposals buy company pay n pak said proposal leveraged buyout firm amended increase dividend rate cumulative preferred stock received pnp shareholders pct pct announced proposal calls transaction pnp shareholders would receive combination dlrs cash dlrs liquidation value cumulative preferred stock common share proposal received paul bilzerian pnp shareholders would receive basis dlrs cash dlrs liquidation value cumulative redeemable preferred stock common share company said bilzerian proposal dividend rate preferred stock would set joint opinion financial advisor bilzerian financial advisor pay n pak preferred stock would trade liquidation value fully distributed basis company said reuter
west german beet plantings delayed three weeks cold weather delayed sugar beet plantings west germany three weeks agriculture ministry said ministry spokesman said central areas especially farmers taken advantage weather started plantings past two days west german planting intentions year put hectares ha last year said adding average ha reuter
arden group plans issuer tender arden group inc said filed registration statement securities exchange commission covering two issuer tender offers said one offer directed class common stock holders another holders pct debentures due march planned offer common stock holders calls company exchange either dlrs cash dlrs principal amount pct subordinated debentures due september one share new class b common stock class share held arden group said also said cash payment subject proration addition company said plans offer exchange one dlr principal amount pct debentures due september outstanding one dlr principal amount pct debentures reuter
turkish trade deficit widens april turkey trade deficit widened mln dlrs april mln march mln april state statistics institute said deficit first quarter widened billion dlrs billion year earlier april exports totalled mln dlrs compared imports billion exports first four months worth billion dlrs compared imports billion reuter
rd qtr net shr cts vs cts net vs revs mln vs mln nine mths oper shr cts vs cts oper net vs revs mln vs mln note nine mths net excludes dlr charge antitrust litigation reuter
coke consolidated coke sell canada unit coca cola bottling co consolidated said agreed principle sell vancouver based canadian bottling subsidiary coca cola co ko undisclosed terms closing expected within days subject approvals company said sale previously announced agreement coca cola buy coke consolidated common shares operating cash flow allow reduce long term dlrs mln dlrs end first quarter reuter
u end netherlands antilles tax treaty treasury department said notified netherlands terminating income tax treaty applies netherlands antilles termination effective january treasury said two announcement treasury decided end treaty negotiations united states netherlands past eight years failed reach accord treasury spokesman said decision means sale u parent companies netherlands antilles subsidiaries longer free pct u withholding tax spokesman said terminating tax treaty netherlands antilles may cause bond issuers call bonds early maturities years less issued spokesman said said treasury expect action adverse effect u issuers bonds general decline interest rates means able refinance lower interest rates however holders bonds faced lower yields reuter
u k may adjusted rises provisional pct pct bank england
japan march wholesale prices rise pct pct february drop official
continental shelf sale postponed continental shelf oil gas lease sale number sea tentatively january postponed u department interior said alan powers chief minerals service department said delay time study effects drilling whale powers said state asked additional data sale area alaska north slope new date set likely sooner next march powers said blocks mln acres involved proposed sale area three miles northern coast alaska ocean canadian border degrees west reuter
westinghouse electric wx optimistic year westinghouse electric corp chairman douglas danforth said encouraged first quarter results fiscal said company economy modest growth rest year encouraged continuing improvement earnings said first quarter met expectations westinghouse recorded net income first quarter mln dlrs dlrs per share revenues billion dlrs attributed results increase operating profit energy advanced technology industries segments reuter
rowe price sees higher first quarter rowe price associates said first quarter earnings rose pct year ago dlrs revenues pct year ago mln dlrs said expects good earnings revenue growth year earned mln dlrs revenues mln dlrs reuter
glynwed buys gallaher units around mln stg glynwed international plc l said bought issued shares two companies belonging gallaher ltd subsidiary american brands inc amb deal worth around mln stg full names companies purchased gallaher spa u k ltd consideration purchases based net asset values per share companies yet finalised nine mln stg total represents debt assumed glynwed manufacturer pressure pipe products complementary glynwed subsidiaries u k acquisitions develop strengthen glynwed strategic position systems market sale gallaher reflects decision dispose peripheral businesses proceeds sale used continuing expansion gallaher group glynwed shares p announcement gallaher quoted london stock exchange reuter
golden enterprises inc rd qtr feb net shr cts vs nine cts qtly div six cts vs six cts prior qtr net vs revs mln vs mln avg shrs mln vs mln nine mths shr cts vs cts net vs revs mln vs mln avg shrs mln vs mln note dividend payable april holders record april reuter
hospital corp board buyout bid hospital corp america said management believes dlr per share acquisition offer received charles r miller richard e richard l scott best interest shareholders plan meet individuals company said board considered information three bid given lack demonstrated ability part individuals consummate acquisition magnitude board decided necessary take action proposal time hospital corp said benefits company ongoing program already realized continue explore appropriate alternatives enhancing shareholder value reuter
nova considering bid dome dmp nova corp considering takeover bid dome petroleum ltd either alone part consortium nova chairman bob blair said thinking making offer dome amoco canada petroleum co ltd creditors blair told reporters annual meeting amoco canada unit amoco corp made billion dlr acquisition offer dome ongoing serious thought applied dome nova husky decision future action taken either company blair said nova owns pct husky oil ltd hyo blair also said nova made decision whether would want lead partner joint purchase dome added discussions parties dome included transcanada pipelines ltd trp refused name participants reuter
completes management buyout corp said completed sale industrial electronic products group expects recognize mln dlr pretax gain transaction fourth quarter said group sold october mln dlrs international corp privately held company created company management team said purchase price mln dlrs cash mln dlrs five year notes plus warrants buy pct stock said group projected provide pct consolidated sales reuter
stop shop cos two one split stop shop cos inc said board voted two one stock split payable july one stockholders record may also said raising quarterly cash dividend pct cts per share cts per share prior result split number outstanding shares increase mln mln company said dividend payable july one shareholders record may said reuter
inc st qtr loss shr loss cts vs loss five cts net loss vs loss sales vs reuter
stifel financial said received unsolicited merger proposal
lifts ultramar norton stakes industrial equity pacific ltd hong kong listed unit brierley investments ltd said lifted stakes british oil company ultramar plc umar l u firm norton co told stock exchange holds mln ultramar shares representing pct issued capital holds shares representing pct delaware based company details available reuter
sprinkel says tax hike would reduce deficit council economic advisers chairman sprinkel said reagan administration remains strongly opposed tax increase including billion dlrs new revenues budget plan congressional democrats believe significant increases taxes would reduce deficits could adverse effects growth sprinkel told house rules committee said administration wanted continue policy gradually reducing deficits restraining government spending promoting economic growth sprinkel said cutting budget deficit best way lower trade deficit reuter
united cable television corp rd qtr net shr loss cts vs profit seven cts net loss vs profit revs mln vs mln avg shrs mln vs mln nine mths shr loss cts vs profit cts net loss vs profit revs mln vs mln avg shrs mln vs mln note current year net periods includes pretax charge seven mln dlrs increase reserve investments broadcast television entities tax credits dlrs quarter dlrs nine mths reuter
royal business group inc roy nd qtr march one shr cts vs five cts shr diluted cts vs five cts net vs revs given st half shr cts vs one ct shr diluted cts vs one ct net vs revs given note current year net periods includes gain dlrs repurchase securities results exclude business forms division sold reuter
french industrial production fell pct july august june insee data
ibc details plans pay creditors brazilian coffee institute ibc gave details plans pay companies bought bags robusta coffee london market behalf last september ibc spokesman told reuters mln dlr loan banco brasil would used pay five mln dlrs month june july august creditors said auction coffee would raise additional money added reuter report june gave wrong auction necessary raise part mln dlrs date yet set auction reuter
u may end additional sanctions japan united states may lift additional mln dlrs trade sanctions japan later month reagan administration officials said president reagan imposed mln dlrs sanctions japanese goods last april failure honor agreement end dumping semiconductors u third country markets open home market u goods move raised tariffs pct five pct japanese television sets hand held power tools computers reagan lifted mln dlrs sanctions last june japan ended selling semiconductors u market production costs semiconductors small silicon chips used memory purposes wide variety computers administration officials said commerce department monitors showed japan ending dumping semiconductors third countries taking sales away american made semiconductors said likely mln dlrs sanctions would lifted end month united states japan remain odds opening closed japanese markets u goods u japanese officials reviewed japan compliance agreement earlier week periodic reviews continue remaining sanctions stay force officials said japan full compliance semiconductor agreement reuter
u video first national merger u video corp said completed acquiring first national telecommunications inc first national entertainment corp mln controlling interest u video shares pursuant transaction harvey william resigned u video board replaced four members first national reuter
corp th qtr august net shr cts vs cts net vs revs mln vs mln year shr cts vs dlrs net vs revs mln vs mln note share figures year payment preferred share dividend include unspecified extraordinary items reuter
spain foreign reserves rise february spain foreign reserves rose mln dlrs february total billion dlrs compared billion dlrs february bank spain figures show new accounting system introduced month spain foreign reserves exclude foreign currency held financial institutions previous system spain foreign reserves would risen mln dlrs february taking account fall mln dlrs financial institutions foreign currency position january year central bank foreign reserves rose mln dlrs financial institutions foreign currency position fell mln dlrs reuter
resdel san bar merger deal resdel industries inc said agreed acquire san bar corp share share exchange san bar distributes break free corp subsidiary san bar shareholders share share basis company said also merger san bar would k lloyd g san bar director corporate development dlrs dlrs agreements entered october reuter
yeutter says japanese curb certain u trade representative clayton yeutter said certain president reagan would go ahead today impose curbs japanese exports planned asked television interview chance reagan cancel scheduled pct tariffs japanese electronic exports said slim none reagan announced march would impose tariffs retaliate japan failure honor agreement end dumping computer semiconductors world markets less cost open home markets u products yeutter nbc program today said united states want terminate agreement would drop tariffs japan began agreement said japanese negotiators last week told u officials pact yeutter said would take time monitor compliance asked long would take said want see pattern compliance minimum would say would take weeks yeutter said think would much consumer impact tariffs mln dlrs worth japanese goods items selected also readily available countries manufacturers said think japan would retaliate seems interests either country get escalating conflict japanese understand full well yeutter said added japan might challenge tariffs general agreement tariffs trade gatt paper kind exercise really expect see adverse impact u trade yeutter also said see way semiconductor issue could resolved washington visit later month japanese prime minister yasuhiro nakasone said hoped visit trade major issue would productive see practical way resolve particular dispute visit reuter
bank new england bkne post pro forma net bank new england corp reported pro forma first quarter earnings reflect combined operations pending merger group rose mln dlrs cts share mln dlrs cts share merger expected close april earlier bank new england reported first quarter net income taking merger account rose dlrs cts share note first quarter include restatement recent acquisitions restatement net income mln dlrs pro forma first quarter results include nonrecurring merger expenses mln dlrs excluding expenses growth operating expenses combined companies reduced pct pct first quarter loans leases increased pct billion dlrs deposits grew pct billion dlrs provision possible credit losses mln dlrs first quarter compared mln dlrs last year net charge offs mln dlrs mln dlrs reuter
chrysler c plans raise bid chrysler corp said intention increasing offer electrospace systems inc chrysler agreed purchase texas based defense electronics contractor tender offer dlrs share total value mln dlrs shares closed yesterday nyse intention increasing offer company spokeswoman said believe adequate accepted said proposed transaction unanimously recommended board directors principal shareholders electrospace noted dlrs tender offer price pct price electrospace shares april put sale reuter
outokumpu copper deal del finland state owned mining company outokumpu oy said statement entering spanish markets shareholder del manufacturer copper products outokumpu acquire pct shares spanish company company set agent outokumpu spain deal approval spanish government del makes rolled drawn copper alloy products sales tonnes output amounted billion pesetas outokumpu turnover billion markka reuter
coast savings talks buying bank coast savings loan association said talks federal savings loan insurance corp acquisition central savings loan association san diego central operates branches management guidance fslic since may coast said acquisition would give entry san valley market besides strengthening presence san diego los angeles orange counties areas reuter
home federal sets shareholder meeting home federal bank florida f b said scheduled special shareholders july approve proposed changes bank charter merge barnett bank inc barnett bank county n home federal said meeting approve definitive agreement signed may calling share home federal common stock exchanged dlrs market value barnett common stock exchange would based conversion home federal shares less shares barnett stocks dlrs share home federal said total market value transaction would mln dlrs home federal said notice meeting related proxy materials filed previously securities exchange commission federal home loan bank board mailed june holders record june reuter
west capital buys mineral rights west capital corp said resources co units bought mineral rights uranium mining acres northern wyoming electric corp wx property adjacent acre site company already owns facilities expected full operation early annual production one two mln lbs uranium concentrates company said new site expected produce lbs uranium first full year production adjacent property expected begin reuter
texas utilities co may net shr dlrs vs dlrs net mln vs mln rev billion vs billion avg shares mln vs mln reuter
lme clarifies new aluminium contract details london metal exchange lme issued note details new high grade aluminium contract response questions members following announcement contract due start june deliverable aluminium high grade primary aluminium contract minimum pct purity also deliverable standard primary aluminium contract pct lme said constitute good delivery standard contract september pct purity good delivery cannot placed lme warrant dollar quotation high grade contract one u dollar carries may made cents even singapore first port warehouse outside europe used lme delivery point used high grade metal rent imposed owners u dlr tonne per week lme said lme board response representation trade agreed lme contracts minimum weight requirements kilos bars kilos effective high grade june standard july reuter
energy development year loss energy development partners ltd said operating loss year ended december mln dlrs cts per share said mln dlr non cash writeoff oil gas properties taken first quarter resulted net loss mln dlrs dlrs per share energy development partners limited partnership began operating september full year revenues totaled mln dlrs company also said said proved reserves december totaled mln barrels oil mln cubic feet natural gas reuter
bell atlantic corp rd qtr net shr dlrs vs dlrs net mln vs mln revs billion vs billion avg shrs mln vs mln nine mths shr dlrs vs dlrs net mln vs mln revs billion vs billion avg shrs mln vs mln reuter
general signal corp gsx rd qtr net shr cts vs cts net mln vs mln revs mln vs mln nine mths shr dlrs vs dlrs net mln vs mln revs billion vs billion reuter
home savings bank hmsb rd qtr net shr cts net vs mln nine mths shr dlrs net mln vs mln assets billion vs billion deposits billion vs billion loans billion vs mln note rd qtr nine mths per share figures available bank converted stock form nov reuter
westpac drops new zealand indicator lending rate westpac banking corp said cutting indicator lending rate pct pct effective june westpac said statement various lending rates also revised downwards westpac move follows base rate drops new zealand trading banks recently bank new zealand base rate drops pct june national bank new zealand ltd rate falls pct june australia new zealand banking group ltd anza rate remains pct reuter
fed seen adding reserves via system repos federal reserve expected enter government securities market supply reserves banking system via system repurchase agreements economists said economists said fed would three day system repurchases meet substantial need add reserves current maintenance period although said aggressive add via overnight system repos possible federal funds opened pct remained level late morning compared average effective rate pct friday reuter
idc services holders offered dlrs idc services inc said new company begin cash tender offer october acquire idc outstanding common dlrs share company said offer made definitive agreement reached new company idc acquisition corp formed apollo partners ltd investment clients equitable capital management inc agreement calls acquisition idc mln dlrs idc acquisition also tender idc outstanding nine pct convertible subordinated debentures idc said merger agreement also provides payment equivalent amount respect employee stock options cancelled merger part transaction company said granted idc acquisition option acquire pct company outstanding shares dlrs per share said planned tender offer subject several conditions including tendering pct company outstanding stock mim holdings ltd substantial shareholder idc agreed buy additional idc shares february seven granted idc acquisition right first refusal idc shares sells period company said said apollo partners recently organized three former senior viacom inc via executives george c kenneth f reuter
investor sells pct rb stake jeffrey santa calif told securities exchange commission sold entire rb industries inc stake shares pct total outstanding transferred stock nearly two years ago trust trustee said trust sold entire stake private deal june dlrs share reuter
e f hutton lbo inc said tender offer pc purolator courier expired
mellon participating mortgage trust div qtly div cts vs cts prior payable may record april reuter
family steak houses florida inc rd shr four cts vs two cts net vs revs vs nine mths shr cts vs seven cts net vs revs mln vs avg shrs mln vs reuter
systems rd qtr march net shr seven cts vs cts net vs revs mln vs mln nine mths shr cts vs cts net vs revs mln vs mln reuter
orion broadcast buys ford f unit orion broadcast group inc said majority owned orion financial services corp subsidiary agreed purchase realty services inc ford motor co dlrs cash notes said closing expected within days receipt regulatory approvals provides loan accounting data processing administrative services real estate industry reuter
inc data st qtr net oper shr cts vs cts oper net vs revs vs note net excludes dlr tax credit reuter
laser photonics inc closes sale laser photonics inc said completed previously announced sale shares pct common stock group investors one mln dlrs dlrs loan made investors repaid proceeds said also said restructured board include three members designated investors including pierre roger leonard reuter
burns foods inc cbi st qtr net qtr ends sept shr cts vs cts net vs revs mln vs mln note qtr figures exclude effect tax reform act retroactively reduced earnings cts cts per shr reuter
guinness completes unit sales worth mln stg guinness plc guin l said completed sale subsidiaries martin group plc group plc total consideration mln stg subject adjustment final audit expected add mln stg guinness said sold ltd australian investment company plc reuter
reynolds metals restart idle reynolds metals co said plans restart last idle line ore primary aluminum plant restart metric tonne per year line reynolds said operating pct consolidated primary aluminum capacity tonnes per year reynolds said work commence restart near future expected actual metal production begin september one company said start continuing strong demand aluminum dwindling worldwide inventories metal needed supply reynolds various businesses reuter
ohio edison co rd qtr net shr cts vs cts net mln vs mln revs mln vs mln avg shrs mln vs mln mths shr dlrs vs dlrs net mln vs mln revs billion vs billion avg shrs mln vs mln reuter
japan sees higher money supply growth quarter bank japan said forecast japan broadly defined money supply average plus certificates deposit cds rise nine pct current april june quarter pct year earlier unadjusted plus cds rose preliminary pct january march compared nine pct rise year earlier said bank said forecast rise due increase floating deposits due recent low interest rates shift private banks bank japan billion yen recently privatised japanese reuter
southland slc unit raises crude cts bbl southland corp subsidiary citgo petroleum said raised posted prices crude oil across board cts barrel effective june citgo said new posting west texas intermediate west texas sour dlrs barrel light louisiana sweet posted company said reuter
adjusts short term discount note rates loan marketing association said rates short term discount notes follows maturity new rate old rate maturity days pct pct days days pct pct days pct days pct days pct days pct days reuter
investor boosts trans lux tlx stake investor albert kahn said statement group heads increased stake trans lux corp pct pct fully diluted basis kahn said indicated filing securities exchange commission group bought additional trans lux common shares dlrs nine pct convertible subordinated debentures due convertible additional shares kahn said considering seeking representation trans lux board starting proxy contest connection upcoming annual meeting kahn also said seeking examination trans lux shareholder list corporate books records delaware law trans lux connecticut concern leases display units brokerage offices public places kahn miami insurance executive investor reuter
urges tax vegetable proteins european community farmers pressure group urged ec farm ministers agree tax vegetable proteins similar oils marine fats tax already proposed ec commission president hans told news conference tuesday also urged ministers seek similar mechanism cereal substitutes speaking meeting farm leaders danish foreign agriculture ministers currently meetings ec colleagues said taxes products concerned would help ec budget problems would provide price stability producers would turn help market position certain crops ec net importer oilseeds beans commission proposing severe output restrictions minority ec ministers opposed oils fats tax imported domestically produced oils marine fats succeeded blocking idea year annual ec price fixing however ec commission said maintains proposals tax said urged ministers pursue international negotiations farm trade aim gap ec world prices reuter
white house standing firm japanese sanctions presidential spokesman marlin fitzwater said u trade sanctions japan likely take effect april spite full court press japanese officials avoid indications take effect said would say japan applying full court press certainly putting feet forward terms explaining position fitzwater told reporters noted high level meetings trade dispute underway said think anything report believe official movement reuter
real estate firm cuts intermagnetics stake international corp coconut fla real estate development company said cut stake intermagnetics general corp shares pct total outstanding shares pct filing securities exchange commission said sold shares feb dlrs long stake intermagnetics general five pct required report dealings company stock reuter
lawson sees change u k monetary policy british chancellor exchequer nigel lawson said saw immediate implications british monetary policy arising group seven meeting yesterday exchange rate stability u k interest told journalists asked meant u k monetary policy said think immediate implications reuter
corp rd qtr net shr profit cts vs loss cts net profit vs loss sales vs nine mths shr profit cts vs loss dlrs net profit vs loss sales mln vs mln note data restated reflect operations discontinued earnings exclude loss discontinued operations dlrs cts share quarter dlrs cts share nine months reuter
japan may unemployment record pct pct april official
inc st qtr net sept end primary cts vs cts diluted shr cts vs cts net vs revs mln vs mln primary avg shrs vs diluted avg shrs vs reuter
baker communications inc year loss shr loss cts vs loss cts net loss vs loss revs vs reuter
western co north america rd qtr loss shr loss cts vs loss dlrs net mln vs loss mln revs mln vs mln nine mths shr loss dlrs vs loss dlrs net loss mln vs loss mln revs mln vs ml note qtr includes loss dlrs costs associated two offshore drilling rigs qtr includes charge mln dlrs write oilfield services equipment offshore drilling rigs reuter
savings bank initial dividend qtly div eight cts vs n payable may record april reuter
rpt opposition ec oils tax intact minister minority group european community countries strong enough block adoption tax vegetable marine oils fats still intact ec commission proposed changes proposals earlier today british agriculture minister john macgregor told journalists said britain west germany netherlands denmark continue oppose tax commission proposed making temporary promising compensation third countries whose exports suffered reuter
anchor financial corp rd qtr net shr cts vs cts net vs nine mths shr cts vs dlrs net vs note share reflects issuance common shares december reuter
jacobs sells stake gillette gs minneapolis investor irwin jacobs said sold stake held gillette co gs deciding could force gillette accept dlr share takeover bid made revlon group inc rev revlon bid expired last week repeatedly rejected gillette jacobs earlier considered proxy fight gillette jacobs told reuters sold gillette stake called substantial five pct weeks ago period several days said sold stock profit disclose selling price gillette stock morning trade high reached revlon announced bid jacobs said sold gillette stake based investment decision surely see happening said monday stock market free fall gillette spokesman said comment jacobs said fellow investor carl continue hold stake allegheny international inc ag august disclosed securities exchange commission filing acquired shares pct allegheny would seeking control company reuter
fed seger says u thrift industry needs stable interest rates
ohio mattress buys sealy michigan ohio mattress co said ohio sealy mattress manufacturing co unit completed previously announced acquisition sealy mattress co michigan inc addition company said sealy inc owns pct redeemed outstanding sealy stock held michigan sealy thus increasing company stake sealy pct reuter
time tl sell part unit time inc said time life video inc subsidiary agreed principle sell institutional training business time life video president william v undisclosed terms said business operate video publishing reuter
blue arrow buy u richards companies blue arrow plc said agreed terms acquire group u companies collectively known richards companies executive management personnel matters total consideration mln u dlrs pct payable cash pct issue mln new ordinary shares blue arrow richard companies made pre tax profit mln dlrs year end turnover mln dlrs net tangible assets end mln dlrs blue arrow shares trading p lower morning reuter
telex may seek purchasers telex corp said board directed management financial advisor drexel burnham lambert inc investigate possible alternatives tender offer asher edelman tlx partners telex shares may include seeking purchasers telex company said board october meeting decided defer board meeting later week recommendation edelman offer said board expects make recommendation october reuter
electronics inc th qtr net qtr ended april shr nine cts vs cts net vs revs mln vs mln year shr cts vs cts net vs revs mln vs mln reuter
union national corp rd qtr net shr cts vs cts shr diluted cts vs cts qtly div cts vs cts prior net vs nine mths shr dlrs vs dlrs shr diluted dlrs vs dlrs net mln vs mln avg shrs vs mln note dividend pay dec record nov reuter
alex brown absb sets split offer shares alex brown inc said declared three two stock split payable may record may company also said filed offer common shares including sold shareholder company proceeds used working capital general corporate purposes alex brown sons inc subsidiary lead underwriter offering expected made record date split company said reuter
utilicorp ucu unit buys stake power plant utilicorp united inc said group subsidiary completed purchase pct interest energy properties limited partnership mln dlrs company said building operate electric generation facility county penn scheduled begin commercial operation july said pct interest sold funding corp wholly owned subsidiary combustion engineering inc csp funding retains interest serves general partner said reuter
dutch industrial production falls pct april dutch seasonally adjusted industrial production fell pct april compared previous month pct period last year figures official statistics bureau cbs show april index base stood march industrial production rose pct february unadjusted april index figure fell pct march compared pct rise march february reuter
pre tax profit mln stg vs mln six months end december
u citrus crop estimate usda u agriculture department estimated citrus production follows boxes total u orange crop excluding florida temples boxes vs boxes last month boxes crop florida oranges excluding temples boxes vs last month boxes florida temples boxes vs last month boxes department estimates based april crop conditions reuter
media general holders may seek control shareholder group led industries inc said acquired pct stake media general inc class common stock may seek seek company filing securities exchange commission group said holds shares media general commons stock purchased total cost mln dlrs addition possible bid control group said may purchase additional media general shares possibly seek one seats company board directors proxy contest bid control media general would subject recapitalization possible restructuring possible changes charter documents laws company said group said held discussions third parties gauge interest joining shareholder group agreements reached talks third parties expected continue shareholder group said october industries bought shares media general class common stock dlrs dlrs share open market transactions another shares privately reuter
washington mutual savings bank rd qtr net shr cts vs cts net vs nine mths shr dlrs vs dlr net mln vs mln avg shrs mln vs mln assets billion vs billion deposits billion vs billion loans billion vs billion reuter
industries inc nd qtr sept shr six cts vs cts net vs revs mln vs mln avg shrs mln mln six mths shr cts vs cts net vs revs mln vs mln avg shrs mln vs mln reuter
proposes two five bonus share issue ltd said proposes make two five bonus issue revaluation reserve shareholders registered may shareholders asked approve issue increase authorised capital mln shares mln general meeting may said statement new shares rank dividends declared october b industries plc l holds pct stake said expect maintain latest annual dividend rate cents share enlarged capital reuter
c itoh co ltd year ended march group shr yen vs net billion vs billion pretax billion vs billion operating billion vs billion sales billion vs billion reuter
k tel international inc nd qtr dec loss shr loss two cts vs profit cts net loss vs profit sales vs mln st half shr loss cts vs loss seven cts net loss vs loss sales mln vs mln reuter
china resumes ussr ship repairs year gap china resumed repairs soviet ships year break caused split two countries new china news agency said agreement resume business signed two sides wednesday shanghai three soviet commercial vessels repaired china daily said first two soviet ships repaired china since left ports last month bi managing director china state shipbuilding corp ship repair department told newspaper soviet union lacked adequate repair facilities ships far east bi said china yards offered competitive prices guaranteed quality prompt delivery reuter
uspci seen rejecting union pacific bid share bid made last wednesday union pacific corp unp analysts said offer inadequate said douglas analyst e f hutton noting represent needed premium company fundamental value based earnings estimates uspci mln shares outstanding trading uspci vice president finance larry said could comment adequacy offer board would meet consider said uspci trading dlrs share time takeover bid announcement day higher earnings expectations changed value uspci said second quarter earnings would exceed analysts expectations cts share price uspci could maintain stock price low said hutton revised earnings estimate waste management concern dlrs share dlrs said lifted projection dlrs share dlrs addition analysts said hazardous waste management business holds significant growth potential industry grown pct last five years based earnings per share said jeffrey analyst kidder peabody co industry expected continue growing pct next five years said said dlr share offer mln dlrs total would bargain union pacific transportation energy company would gain entry profitable business win cost control benefits said union pacific rumored fairly problems said jr president oil co holds pct stake uspci said last week union pacific offer grossly inadequate reuter
becor western bcw holder meeting becor western inc said shareholders meeting adjourned june company previously announced plans adjourn meeting following receipt renewed offer lynch corp yesterday meeting originally convened june four shareholders approved sale becor western gear corp subsidiary remaining matter presented proposed acquisition becor bcw acquisition inc one four offers company reuter
italy agip petroli buys stake u company state oil firm agip petroli spa said acquired pct stake steuart petroleum co independent u oil products company financial terms disclosed agip petroli subsidiary state energy concern ente idrocarburi said statement remaining pct u firm owned steuart investment co holding company also operates sectors transportation hotels insurance italian firm said steuart petroleum operates primarily east coast reuter
ibc acquisition gets shares tender buy pct
uspci inc rd qtr net shr cts vs cts net vs revs mln vs mln nine mths shr cts vs cts net vs revs mln vs mln reuter
contel ctc unit sales seen analysts contel corp telecommunications equipment unit likely candidate sale atlanta based telecommunications company wall street analysts said top list said one analyst referring contel loss telecommunications equipment unit question would take added company forecasting pct drop operating earnings last year said late today reviewing operations effort aimed long term stockholder value analysts also said contel federal systems division hit several executive may also put block contel officials declined comment possibility selling operations however company indicated statement closely evaluating telecommunications federal systems units reuter
newhall investment properties rd qtr shr dlrs vs cts net vs nine mths shr dlrs vs dlrs net mln vs mln note current quarter figures include gain mln dlrs property sales vs gain mln prior year quarter current nine month figures include gain mln dlrs property sales vs gain mln dlrs reuter
japan march money supply rises pct japan broadly defined money supply average plus certificate deposits cd rose preliminary pct march year earlier compared pct rise february bank japan said seasonally adjusted march average plus cds rose pct february rose pct month earlier said unadjusted plus cds stood average billion yen march compared billion february reuter
arco arc raises crude oil postings cts atlantic richfield arco oil gas co said increased contract prices crude oil cts barrel effective today arco said cts increase brings posted price west texas intermediate u benchmark grade dlrs barrel price west texas sour increased dlrs light louisiana sweet raised dlrs price last changed september reuter
dominion resources inc rd qtr net shr dlrs vs dlrs net mln vs mln revs mln vs mln avg shrs mln vs mln mths shr dlrs vs dlrs net mln vs mln revs billion vs billion avg shrs mln vs mln reuter
thomson takes emi thomson grand public subsidiary thomson sa pa taken consumer goods division british group emi thomson grand public chairman pierre said cost deal signed late yesterday around mln stg thomson finance mln equity emi leader british market turnover last year mln stg said new acquisition would substantially increase thomson turnover sector reuter
term corp acquires private firm term corp said entered escrow mln dlr purchase lewis co privately held distributor wines spirits lewis sales mln dlrs fiscal year ended june term also said separately term trades counter said plans apply nasdaq listing completes acquisition reuter
union pacific unp raises crude oil prices union pacific resources formerly champlin petroleum said raised posted prices crude oil cts barrel effective yesterday price increase brings west texas intermediate u benchmark grade dlrs barrel posted price increase follows similar move several oil companies sun co first raise crude oil postings yesterday afternoon today many companies following last price increase made oil companies around may reuter
san francisco region hurt restructuring corporate mergers acquisitions around san francisco past seven years modest effect metropolitan area economy leading business backed organization said bay area council group business firms said study corporate restructuring nine county area found san francisco suffered ill effects corporate shake ups surrounding communities fortune companies area left due corporate restructuring another firms added list ten companies based san francisco period six located city achieved fortune status ted hall council director local managing director co conducted survey said study grew concern mergers acquisitions seriously hurt economic climate northern california however hall said jobs lost region new jobs created period time said region experienced greater rise per capita income lower unemployment rest united states california council president george keller also chairman chief executive officer chevron corp told news conference region difficulties persuading companies local political system said living san francisco many chief executives metropolitan area great place run business added place business government study concluded chevron gulf oil would benefit long run restructuring activity among corporate headquarters lost period crown southern pacific castle cooke companies grew enough period make fortune list included apple computer pacific telesis mckesson tandem computer u leasing study management consulting firm said partly due corporate restructuring rate job growth san francisco slowed since addition said loss corporate leadership adversely affected bay area activities reuter
shamrock completes central soya sale ferruzzi shamrock capital lp said completed sale soya co inc ferruzzi agricola finanziaria holding company ferruzzi group italy shamrock capital limited partnership led shamrock holdings inc roy e disney family company agreement announced last month ferruzzi acquired equity assumed subordinated term debt mln dlrs transaction valued mln dlrs reuter
bsn bsn buys stake macgregor bsn corp said holds less five pct macgregor sporting goods company said stock acquired recent open market purchases stake require specific disclosure reuter
poehl says chances exchange rate stability good
may sterling bank lending billion stg billion april official
banks inc st qtr net shr cts vs cts net mln vs mln note share adjusted two one split july results restated pooled acquisition third national corp december net chargeoffs mln dlrs vs mln dlrs assets billion dlrs pct year earlier deposits billion pct loans billion dlrs pct reuter
lukman sees stable oil price next couple years current crude oil price dlrs barrel remain stable next couple years rising one two dlrs barrel per keep inflation opec president rilwanu lukman said lukman speaking talks swedish trade officials said stable price depended upon output restraint opec non opec oil producers swedish government officials said said lukman also nigerian oil minister made remarks talking connection third world debt industrialised nations crude oil output controls necessarily mean higher energy bills world industrial nations lukman said although low oil prices seen around beginning year may appear beneficial industrial countries depend imported energy would lead fuel long term said turn would bring swing back extremely high prices added sweden heavily dependent imported oil suffered major crisis mid oil prices reuter
u asks congress revise tariff categories administration asked congress replace u tariff schedule new system bring line international tariff categories u trade representative clayton yeutter said new system add items fiber optics define new items widely traded current schedule devised years ago yeutter said system new schedule called change tariff categories meet present day needs exporters importers pay rates duties yeutter said american exporters find far easier deal one worldwide system variety systems face said new system ended years multinational negotiations create unified tariff schedule yeutter said government business moves based data tariff schedules new system improve knowledge trade flows quality decision making said nations pledged bring standards new system half expected join system january reuter
troy corp th qtr feb net shr cts vs cts net vs sales mln vs avg shrs vs year oper shr profit dlrs vs loss cts oper net profit vs loss sales mln vs mln avg shrs vs note latest year net excludes dlr tax credit reuter
gaf corp said management group reconsider acquisition proposal
japan given little hope avoiding u sanctions top u official said japan little chance persuading u drop threatened trade sanctions despite efforts japanese team left washington today michael armacost secretary state political affairs asked press conference whether japan moves boost domestic economy open markets could persuade u impose tariffs japanese imports said replied probably early figures demonstrate situation turned around permit result described armacost said u hopes japan take steps lift domestic economy reduce dependence exports remove barriers imports settle outstanding trade issues obvious problems moment trade area wish problems attention important areas cooperation continue exist security political issues said question whether cooperative actions governments reduce trade imbalance whether congress takes action reduce protectionist legislation said reuter
community bank system inc cbsi st qtr net shr cts vs cts net vs note share adjusted two one stock split may reuter
g seems worried markets coordination top officials leading industrial nations appear deeply worried financial markets ignored efforts coordinate policies believe strengthened talks last week monetary sources said officials markets drove dollar rapidly lower severely disrupted bond stock markets take policy commitments group seven united states japan west germany france britain italy canada treasury secretary james baker went way reassure markets commitment stable dollar statement french finance minister edouard balladur saying believe americans want weaker dollar west german finance minister gerhard stoltenberg said dollar latest rapid involves risk already tangible threat new strong surge inflation leading renewed rise interest rates signs policymakers feared market seemed accept little could economic picture changed currencies settled stable pattern result seem last week semi annual meetings imf world bank higher u interest rates best way curb dollar rapid stems part fears recession deputy treasury secretary richard darman told television think policy driving dollar would solve u trade deficit would slow growth germany japan would adversely affect trade balance ultimately would drive interest rates would throw us recession slower growth said asked higher u interest rates would stabilize dollar balladur said currency maintained artificially high artificially high interest rates healthy higher interest rates could lead recession said dollar latest slide fact life balladur said may adjustments course one currencies fixed rate system federal reserve board chairman paul volcker said might credit dollar slide u monetary sources also said washington wanted understood markets seven commitments genuine united states six major industrial countries fully committed implementing agreements baker told meetings darman said baker markets believed earlier remarks suggested wanted decline dollar baker darman said committed stabilizing currencies current levels last week statement seven reaffirmed february agreement paris reagan administration agreed reach budget deficit compromise congress fight protectionism west germany japan meanwhile agreed stimulate domestic demand lead global upturn ministers believed paris pact japan promise billion dlr budget sources said believed baker saw major action seven seem accept commitment stable currencies applied today exchange rates time paris agreement dollar stood higher paris accord said currencies within ranges broadly consistent underlying economic fundamentals given policy commitments statement accept dollar lower level especially yen hard reality nonetheless consistent agreement ministers governors reaffirmed view around current levels currencies within ranges broadly consistent fundamentals last week statement read monetary sources said policymakers understood markets focusing instability created gap u trade deficit surpluses west germany japan rather prospective policy changes european monetary sources said bonn still washington meant business commitment cut budget deficit reuter
french official reserves billion francs may vs billion april official
safeguard health rd qtr net shr cts vs five cts net vs revs mln vs mln nine mths shr cts vs cts net vs revs mln vs mln note full name safeguard health enterprises inc reuter
kellogg co k rd qtr net shr cts vs cts net mln vs mln revs billion vs mln nine mths shr dlrs vs dlrs net mln vs mln revs billion vs billion note nine month earnings include nonrecurring loss mln dlrs eight cents share purchase mln dlrs principal amount company mln dlr pct debentures due february reuter
g edwards inc age st qtr may net shr cts vs cts net vs revs mln vs mln avg shrs vs reuter
allied bancshares inc rd qtr loss shr loss dlrs vs loss dlrs net loss mln vs loss mln nine mths shr loss dlrs vs loss cts net loss mln vs loss mln note qtr nine mths includes loss mln dlrs mln dlrs respectively loan loss allowance provision qtr includes gain mln dlrs tax benefit reuter
american eagle ltd year loss shr loss cts vs profit cts net loss vs profit revs mln vs mln reuter
seton directors approve merger agreement seton co said board directors unanimously approved agreement plan merger providing merger seton unit acquisition corp new jersey company seton said board directors unanimously approved merger meeting held today seton said agreement plan merger provides shares seton co common stock held acquisition corp units converted upon merger right receive dlrs per share cash reuter
wall street stocks browning ferris bfi environmental protection agency five mln dlr suit browning ferris industries inc bfi unit international inc caused stock drop today analysts said stock fallen far today news suit released morning potentially big suit investors feel good go regulators kenneth u k ai smith barney analyst said investors actually saying selling bfi shares industry threat get tough waste management companies brown senior analyst first albany corp investors saying waste management companies kind exposure regulatory suits brown said brown said suit settled mln dlrs would impact browning ferris earnings said however browning ferris adequate cash reserves cover fine would impact earnings said reuter
inc rd qtr net shr cts vs cts net mln vs revs mln vs mln avg shrs mln vs mln nine mths shr dlrs vs cts net mln vs revs mln vs mln avg shrs mln vs mln reuter
steel corp rd qtr net mln vs mln revs mln vs mln nine mths net mln vs mln revs mln vs mln note company report per share earnings privately owned concern net amounts reported taxes profit sharing contribution employee stock ownership trust reuter
hartmarx corp nd qtr may net shr cts vs cts net vs sales mln vs mln six mths shr cts vs cts net mln vs mln sales mln vs mln reuter
cable wireless details merger h k units cable wireless plc cawl l said merge hong kong telephone co ltd hk cable wireless hong kong ltd units new holding firm called hong kong telecommunications ltd merger h k telephone shareholders receive two h k shares par value h k cents h k telephone share par one dlr h k telephone shareholders cable wireless group receive warrants one five basis entitling acquire cable wireless plc within five years one h k telecom share dlrs cable wireless plc group holds pct h k telephone also owns pct cable wireless hong kong hong kong government holds balance trading h k telephone shares suspended october shares last traded dlrs reuter
h robins says rorer group merger proposal merits consideration
welbilt acquires food handling systems welbilt corp said acquired food handling systems inc dallas producer commercial systems terms transaction disclosed food handling also produces equipment commercial baking industry privately owned richard mesa ariz dallas remain company company manufacturing facilities dallas phoenix reuter
uae central bank cd yields unchanged yields certificates deposit cds issued today united arab emirates central bank unchanged last monday offer bank said one month yield set last week pct two three month cds also remained unchanged pct six month yield set seven pct reuter
datron agrees buyout officers datron corp said agreed merge inc florida based company formed four top officers company according terms proposed transaction share datron common stock excluding shares owned four officers bought six dlrs share said datron officers hold pct total datron common shares outstanding upon completion proposed transaction officers datron would pct company merger subject receiving financing plan datron said shareholders datron asked approve plan annual meeting held june july merger expected completed july said reuter
sweden boliden open saudi arabian gold mine mining group boliden ab said agreed saudi state agency general petroleum mineral organisation open gold mine saudi arabia exploit one world deposits metal boliden spokesman told reuters swedish group would responsible technical side operation would control product said one option discussion refining gold ore would ship boliden copper smelter northern sweden declined give figure deal said important since increased boliden presence saudi arabia representatives visited already see saudi arabia expansion area future said new mine developed west country open first half would annual output kilos gold around tons ore said boliden already owns pct gold ore deposit saudi arabia new venture first saudi mine open modern times boliden sales mining technology said group chief executive kjell nilsson reuter
n z chase corp makes offer entregrowth chase corp ltd said make offer fully paid shares options entregrowth international ltd already chase property investment firm said holds pct entregrowth vehicle expansion north america said agreements concluded give beneficial pct interest offer remaining shares one chase share every three entregrowth shares one chase option every four entregrowth options chase shares closed friday dlrs options entregrowth closed dlrs options cents chase said offer remaining pct entregrowth worth mln dlrs involved issue mln chase shares mln chase options chase chairman reynolds said takeover would allow entregrowth concentrate north american operations access chase international funding base stronger executive team said also would benefits new zealand investment activities chase said offer conditional receiving least pct shares options reuter
japan plans cut discount rate bank japan sources said bank plans cut discount rate told reporters pressure japan group seven g meeting yesterday lower discount rate added feel need cut chancellor exchequer nigel lawson told reporters earlier today countries strong currencies might cut interest rates bank japan sources also said soon call g pact failure central bank sources commenting dollar renewed new york tokyo sparked remarks u treasury secretary james baker dollar fall orderly said market must baker comments referring dollar fall since plaza agreement september long time currency recent movements added foreign exchange seem anything use drive dollar one way bank japan sources said u putting weight dollar yen rate terms market stability currencies throughout g meeting japan pointed dangers would dollar fall would reduce flow japanese capital u hurting u world economies said february march year japanese investors reduced purchases u treasury bonds sources said country g britain canada france italy japan u west germany different view currency stability bank japan sources said overall foreign exchange market triangle dollar yen european currencies yen dollar european currencies time louvre agreement european countries want yen weaken currencies object yen strengthening said reuter
coast r v inc st qtr net shr profit one ct vs loss cts net profit vs loss sales mln vs mln avg shrs vs reuter
warner pct berkey inc stake warner communications inc said warner communications investors inc unit acquired stock warrants representing shares berkey inc common stock equivalent pct company common stock outstanding filing securities exchange commission warner communications investors said paid one mln dlrs berkey september acquire shares berkey series b convertible preferred stock preferred stock convertible berkey common shares warrants buy another shares warner communications subsidiary said berkey stock held investment review evaluate time time reuter
general development corp rd qtr net shr cts vs cts net vs revs mln vs mln avg shrs vs nine mths shr dlrs vs dlrs net mln vs mln revs mln vs mln avg shrs vs reuter
inc rd qtr net shr profit five cts vs loss one ct net profit vs loss revs mln vs mln nine mths shr profit cts vs profit cts net profit vs profit revs mln vs mln note rd qtr net includes tax charge dlrs sale inc nine mths net includes charge dlrs cts share sale hospital products division nine mths net also includes earnings dlrs dlrs share american medical international inc ami contracts expired july reuter
ray buys west german company corp said acquired industrie gmbh mln dlrs manufacturing facilities west germany produces friction materials use applications reuter
corp dna year march oper net oper shr cts vs cts oper net vs note operating net excludes credits dlrs cts share operating net excludes discontinued operations dlrs two cts extraordinary charges dlrs loss cts reuter
atlas six mths loss period ended march shr loss nil vs profit one ct net loss vs profit revs vs note full name atlas resources ltd reuter
toshiba sharp restrain top pc exports ec toshiba corp tsba sharp corp decided maintain exports top personal computers european community ec last year levels despite halt shipments u company spokesmen told reuters said voluntary restraints aimed ec sanctions urged european computer makers europeans feared japanese personal computers would flood ec markets washington imposed pct tariffs last april toshiba sharp together control pct personal computer market ec sharp spokesman said toshiba said exports top computers would continue units month time sharp said exports ec pc series top personal computers would continue last year level units year washington imposed tariffs japan alleged failure agreement semiconductor trade reuter
banking corp rd qtr net shr cts vs cts net mln vs mln avg shrs mln vs mln nine mths shr cts vs dlrs net vs mln avg shrs mln vs mln assets billion vs billion deposits billion vs billion loans billion vs billion reuter
james river corp jr sets regular payout qtrly div cts vs cts prior pay april record april reuter
communications cable buys stake communications cable inc said acquired pct outstanding shares corp privately owned company designs makes services proprietary image storage retrieval systems terms disclosed reuter
french government sets terms sale french finance ministry said today public flotation offer opening coming tuesday pct capital banque et set francs per share offer closes next friday ministry said statement pct bank capital sold solid core large investors including insurance companies subsidiary pct public offer price ten pct shares reserved employees get five pct discount increased pct keep shares two years employees also get one free share one bought shares held least one year small investors would receive one free share every bought upper limit five free shares per investor condition shares held least months state owned capital comprises mln shares bank sold public part sweeping programme privatise state owned groups five years separate statement ministry said last week privatisation offer mln shares banque du et des times reuter
compromise seen likely conoco statoil dispute norway expected seek compromise solution defuse row den norske stats oljeselskap stat ol statoil conoco norge firm operate heidrun oil field government sources said sources asked named said government likely recommend conoco allowed continue field operator development phase statoil taking production starts early oil minister told reuters government today heidrun matter final decision taken several questions remained unresolved unlikely government would announce decision heidrun thursday cabinet meeting discussing proposed solution companies sources added spring norway state owned oil company statoil exercised option heidrun field exploration license approved government would allow relieve conoco heidrun operator move sharply criticised conoco heidrun often cited government industry likely candidate first field development project haltenbanken exploration central norway reuter
citicorp cci savings extends california reach citicorp extended reach california market citicorp savings acquisition sears roebuck sears savings bank branches bringing branches communities citicorp savings said thrift industry analysts said move approved federal reserve board today plus citicorp shows serious intent california market acquisition mostly extends citicorp reach southern california branches located citicorp savings northern california marks first major expansion california particularly south said citicorp savings president edward statement thrift industry sources said see major near term impact southern california thrift market expect citicorp aggressive competitor sears market believe better competitor sears said james executive vice president home federal savings loan association based san diego banking industry sources said move viewed groundwork establish citicorp throughout california market well law change allow operate bank state said citicorp likely convert branches banks time near term however analysts said seven billion dlrs assets citicorp savings still major force thrift market large california thrifts home federal great western financial corp gwf h f co golden west financial great american first savings bank reuter
savings bank fsb st qtr net shr cts vs given net vs note company went public october net includes pretax loan loss provisions dlrs vs dlrs gain sale securities dlrs vs dlrs reuter
corp nd qtr march net shr loss nil vs profit six cts net loss vs profit revs mln vs mln st half shr loss two cts vs profit cts net loss vs profit revs mln vs mln avg shrs mln vs mln note current quarter net includes dlr tax credit current half net includes reversal dlrs investment tax credits reuter
technologies sells subsidiary technologies inc said sold four mln dlrs u cash notes assumption liabilities huron leasing inc subsidiary group investors headed former huron executive company said transaction yield two mln dlrs cash huron sells leases services computer hardware transaction subject approval montreal vancouver stock exchange arrangement financing june reuter
gte posts pre tax loss mln dlrs st qtr pct share us sprint
sec charges campeau allied stores disclosure violations recent takeover
corp st qtr sept net shr cts vs cts net vs revs mln vs mln note current qtr figures include tax loss carryforward credit dlrs vs credit dlrs reuter
brooklyn union buy gas shell oil brooklyn union gas co said contracted purchase mln cubic feet natural gas per day shell oil co royal dutch shell group rd subsidiary brooklyn union said long term contract cover pct total supplies spokesman said shell utility agreed disclose length contract price gas described competitive market sensitive formula brooklyn union said gas shell oil replace pct gas previously supplied transco energy inc e transcontinental gas pipe line corp subsidiary utility said transcontinental transport gas purchased shell oil possibly beginning soon november reuter
bancorp inc rd qtr net net vs nine mths shr dlrs vs dlrs net vs assets mln vs mln note per shr data qtr disclosed reuter
h robins consider rorer offer h robins co said board concluded merger proposal submitted rorer group inc merits consideration request board rorer agreed extend edt july deadline response h robins rorer announced second bid company last thursday analysts forecast robins family holds control company would oppose merger analysts added robins desire emerge independent two years bankruptcy proceedings may thwarted robins shareholders merger way dealing company shield related liabilities failed first attempt earlier year rorer latest merger plan calls share swap worth mln dlrs rorer would also set two trusts cover estimated billion dlrs liabilities deal claims women suffered use shield device reuter
gulf canada acquires suez oil stake gulf canada corp said acquired pct working interest gulf suez oil concession undisclosed terms company said agreement operator conoco inc covered acre east offshore concession said mln u dlr four well program planned acquisition subject egyptian government approval working interests block conoco pct pct gulf canada balance reuter
hungary raises prices effort curb deficit hungary announced sharp price increases range food consumer products part efforts curb soaring budget deficit official mti news agency said government decided consumer price subsidies cut reduce state spending today price meat rise average pct beer spirits pct mti said measures also aimed cooling economy could help dampen imported western goods increasingly expensive hard currency diplomats said diplomats also said however expect kind social unrest followed sharp price rises east bloc states notably poland mti said consumer goods also become expensive price rising five pct also announced number measures ease hardship including higher pensions family allowances reuter
washington federal savings nd qtr net qtr ends march shr one dlr vs cts net mln vs six mths shr dlrs vs dlrs net mln vs mln note full name bank washington federal savings loan association reuter
vieille montagne reports loss dividend nil year net loss exceptional charges mln francs vs profit mln exceptional provisions closure plant mln francs vs exceptional gain mln sales services billion francs vs billion proposed net dividend ordinary shares nil vs francs company full name vieille montagne sa br reuter
venezuela foreign exchange restrictions venezuela central bank ordered venezuelan banks exchange houses cease foreign exchange operations brokers based outside country according copy central bank telex made available reuters measure confirmed brokerage firm effectively cut foreign participation venezuela volatile currency market telex issued may signed carlos hernandez manager bank department international operations telex said restriction business foreign brokers line earlier measure prohibiting foreign exchange houses selling dollars foreign currencies anyone living outside venezuela recent weeks venezuelan government denied rumours intends impose foreign exchange controls prop weakening bolivar brokers said central bank move seen de currency control definitely control sense longer complete freedom operate one broker said gradually imposing restrictions direction towards complete control broker said broker requested said virtually venezuelan customers stopped business since central bank issued telex followed telephone calls said restriction imposed volume firm transactions venezuela mln dlrs day market really quite active said broker said saw logical explanation firm acted act venezuelan brokers exchange houses banks buying dollars said foreigners broker noted two months ago venezuela central bank announced banks foreign exchange business outside venezuela would respect new pct reserve requirement february central bank also prohibited trading bolivar futures broker said used forward market said small currency said bolivar averaged u dollar would continue current range central bank rapidly running foreign reserves support currency free market reuter
nickel prices unlikely rise much shearson nickel prices unlikely rise significantly current levels unless steps taken reduce production shearson lehman brothers said quarterly nickel market report market recovered slightly around dlrs lb yesterday four year low dlrs early january due absence soviet nickel cathode deliveries shearson sees soviet shipments soon returning last year buoyant levels ease current tightness output reductions producers take effect later year likely offset increases elsewhere shearson said nickel market virtually balance total non socialist world demand tonnes compared estimated tonnes production tonnes imports socialist countries tonnes forecast prices edge higher year first quarter average dlrs lb dlrs last quarter year average around dlrs lb compared dlrs using london metal exchange cash metal prices dollar terms assuming average sterling exchange rate dlrs reuter
first federal savings st qtr net shr cts qtly div eight cts vs eight cts prior net vs assets mln vs mln deposits mln vs mln loans mln vs mln note per share figures available bank converted stock ownership dec dividend payable dec shareholders record nov full name company first federal savings loan association reuter
ec sugar tender hard predict london trade outcome today european community ec white sugar tender extremely difficult predict last week substantial award tonnes highest ever rebate european currency units ecus per kilos traders said said believed tonnage would probably smaller around tonnes declined give view likely restitution last week european commission accepted tonnes sugar intervention operators protesting low rebates might determining factor today result added reuter
cable wireless merge two h k units new operation
u treasury baker says rate shifts orderly treasury secretary james baker said changes exchange rates generally orderly improved prospects reduction external imbalances sustainable levels remarks imf policy making interim committee baker reiterated group seven statement last night substantial exchange rate changes since plaza agreement months ago brought currencies within ranges broadly consistent economic fundamentals baker said exchange rate shifts generally orderly improved prospects reduction external imbalances sustainable levels today trade current account imbalances simply sustainable baker told ministers said reagan administration resisting strong domestic pressure trade protection working closely u congress trade bill cannot yet sure outcome ensure bill protectionist said baker also urged international monetary fund executive board review possible modifications fund compensatory financing facility annual meeting fall pay particular attention lack continuing associated use whether export earnings indeed temporary said reuter
industrial nations reconvene talks financial ministers central bankers leading industrial nations afternoon canadian finance minister michael wilson said entering meeting ministers would review paris agreement asked satisfied west german japanese stimulus wilson replied could little french finance minister edouard balladur meanwhile confirmed would communique end meeting finance ministers central bankers britain france canada west germany seen reuter correspondents returning treasury building japanese officials bundesbank president karl otto poehl appear left building end earlier group five talks broke around p local time gmt sign however italian delegation whose position thrown question morning resignation christian democratic wing italy socialist led government european monetary officials said later italian delegation inside building meant full meeting group seven progress reuter
electro rent corp rd qtr feb net shr cts vs cts net vs revs mln vs mln nine mths shr cts vs dlrs net vs revs mln vs mln reuter
morrison inc th qtr may net oper shr cts vs cts qtly div cts vs cts oper net vs revs mln vs mln year oper shr dlrs vs dlrs oper net mln vs mln revs mln vs mln note operating net periods excludes loss mln dlrs cts share discontinued operations reuter
unocal ucl raised crude oil postings cts bbl unocal said raised postings crude oil cts barrel effective june company said posting west texas intermediate west texas sour dlrs barrel unocal said new light louisiana sweet posted price dlrs barrel price move follows wave increases initiated sun co yesterday reuter
sullivan corp st qtr net shr cts vs cts net vs rev mln vs mln note earnings per share adjusted four three stock distribution paid may reuter
major video corp year april net shr cts vs cts net vs revs mln vs note latest year includes three cent per share loss discontinued operations year includes seven cent per share tax credit reuter
blue arrow acquire richards consultants blue arrow plc said signed agreement acquire richards consultants ltd mln dlrs cash securities richards privately owned new york based executive firm part agreement blue arrow said four principal shareholders manage richards enter long term service contracts agreement subject approval blue arrow shareholders reuter
squibb said interested buying cetus robert fildes president chief executive cetus corp told reuters squibb corp interested buying cetus earlier companies said squibb would buy cetus five pct equity cetus mln dlrs attempt squibb become major majority holder cetus fildes told reuters interview squibb approached us indication want acquire us interested kind arrangement said fildes squibb could reached comment late comments fildes squibb cetus first pharmaceutical partner one equity position cetus eastman kodak co ek w r grace joint ventures cetus neither owns equity position company said fildes cetus venture kodak diagnostic products grace develop agricultural products earlier squibb cetus announced joint statement agreement principle form joint venture develop new biotechnology products several fields part deal squibb license several cetus agents including development squibb sell drugs japan markets north american western europe done deal understood cetus wants build fully integrated business north america europe said fildes said squibb good partner squibb major joint venture japan sales capabilities market fildes said cetus licensing arrangements pharmaceutical companies wanted build business many large corporations invested small biotech firms squibb investment cetus first made biotechnology fildes said attractive cetus wanted partner relationship large number biotechnology companies fildes said strategy partners non drug areas like agriculture keep biggest developments drugs fildes said partnership squibb would used broaden company reach big money making areas cardiovascular anti anti markets squibb also mln dlrs cetus research next five years squibb putting mln dlrs research development make happen equity position part package simply demonstrate partnership said fildes reuter
rio de janeiro dockers strike wages rio de janeiro dockworkers went strike indefinite period today demand wage increases spokesman dockers said rio dockers get support colleagues santos brazil main port spokesman said would return work unless demands met earlier week dockworkers cancelled scheduled national strike pressure port officials give wage increase benefits rio port spokesman said halt would cause daily losses u dlrs reuter
owens illinois extends brockway offer owens illinois inc said subsidiary dlr share cash tender offer outstanding common shares brockway inc extended midnight october offer scheduled expire midnight october owens illinois said oct common shares pct outstanding shares brockway tendered said brockway preparing previously announced request additional information federal trade commission hart scott rodino act owens illinois subsidiary began tender offer september able buy brockway common shares days following owens illinois compliance ftc request conditions reuter
u k bankers consider new ecgd financing plan representatives major u k based banks meeting today consider new plan reducing cost financing british exports guaranteed export credits guarantee department ecgd senior banking sources said plan developed conjunction ecgd bank england neither ecgd bank england would comment plan however bankers said one main points discussion plan refinance bulk ecgd medium term credit portfolio international capital markets proposals involve introducing set interest margins ecgd backed debt pct depending size maturity credit currency banks likely push higher margin bankers said rates would reduce bank return would still proposed year ago government attempted unsuccessfully initiate another cost reduction plan time banks would expected allow ecgd realise additional savings refinancing existing government backed credit capital markets credits original lender would receive residual margin pct loans mln stg pct larger transactions reuter
becor bcw adjourn delayed holders meeting becor western inc said business shareholders meeting scheduled tomorrow meeting permanently adjourned definitive agreement transaction results offers pending company stock becor said date new shareholders meeting established reuter
makes acquisition financial corp diversified holding company said acquired robert half franchises new england including four offices boston eastern massachusetts one office providence r said previously announced purchase robert half international inc robert half offices u company said aggregate purchase price paid robert half international franchises mln dlrs reuter
greyhound lines agrees acquire remaining routes trailways corp
ccr video gets offer takeover talks ccr video corp said received offer enter negotiations intercep investment corp vancouver b c acquire controlling interest company tender offer ccr said negotiations would determine terms ccr board could support intercep tender offer additional details immediately available reuter
top discount rate u k bill tender rises pct
inc st qtr net sept end shr cts vs cts net vs sales mln vs mln reuter
government sell pct air new zealand new zealand government sell pct state owned air new zealand ltd public civil aviation minister richard prebble said prebble said statement government would appoint adviser help decide shares sold timing sales price clearly need gauge effect proposed share issues enter market best opportunity prebble said particular rush sell shares air new zealand said aim benefit means waiting prebble said said air new zealand expects release results soon year march said confident would post excellent profit prebble said air new zealand successful ability future hampered wholly government owned status prebble said access new sources capital would increase ability expand develop sale announcement follows public float march around pct bank new zealand ltd government said also float part capital state owned operations including new zealand ltd formerly development finance corp new zealand ltd petroleum corp new zealand ltd reuter
bangladesh trade gap widen bangladesh trade gap expected widen fiscal beginning july government relaxed restrictions imports including cars country set export target year billion u dlrs imports billion dlrs compared one billion dlrs export earnings billion dlrs imports commerce minister abdul said changes aimed encouraging export oriented industries boost foreign exchange earnings imports essential machinery raw materials increase industrial production government easing procedures enhance incentives especially exporters textiles frozen food importers industrial machinery raw materials told reporters commerce ministry officials told reuters import policy covered commercial imports amounting billion dlrs imports capital machinery government included policy added said country total import bill commercial imports expected reach billion dlrs new year compared billion dlrs minister said ending restrictions imports cars dropping pct sales tax small cars would harm economy said bangladesh feared drop prices main export jute certainly affect export earnings coming year bangladesh jute exports fell mln dlrs mln according official figures said exports non traditional items accounted pct total exports year would play key role achieving export target reuter
aegon n v buys life investors shares aegon u holding corp unit aegon n v netherlands life investors inc said purchased shares life investors common stock dlrs per share cash purchase part agreement two companies made november saying april companies would offer buy one sixth number life investors common stock outstanding dec already owned aegon dec would offer buy remaining shares reuter
smithkline corp rd qtr net shr dlrs vs cts net mln vs mln revs billion vs mln avg shrs mln vs mln nine mths shr dlrs vs dlrs net mln vs mln revs billion vs billion note rd qtr nine mths net includes charge mln dlrs nine cts share mln dlrs cts share interest expense share repurchases nine mths net includes charge mln dlrs cts share early retirement program withdrawal cold remedy market due reuter
st joseph light rd qtr net shr cts vs cts net vs revs mln vs mln nine mths shr dlrs vs dlrs net vs revs mln vs mln note per share adjusted three two stock split effective june st joseph light power co full name company reuter
window bank aid kuwait remains shut kuwait central bank kept window funds domestic interbank deposit market shut banks returned four day holiday dealers said move drove short term interest rates sharply higher overnight tomorrow next funds doubling last wednesday hitting pct offers tight market traders available funds one month one year deposits indicated one point higher eight seven pct little activity longer end market bankers see suspension central bank aid move drive kuwaiti dinar interest rates stem flow funds country market nervousness increasing growing tension gulf central bank move combined steady cut dinar exchange rate today rate reduced dollar wednesday four day bank holiday end month reuter
micro general corp th qtr loss period ended december shr nil vs loss six cts net loss vs loss revs vs avg shrs vs year shr nil vs loss cts net profit vs loss revs vs avg shrs vs reuter
irving bank v cites loans earning decline irving bank corp said decline first quarter earnings mln dlrs mln dlrs year ago period due placement non accrual basis mln dlrs mln dlrs medium long term loans borrowers brazil excluding impact non accrual loans irving said first quarter net income would rose pct mln per share amounts would risen eight pct dlr first quarter bank reported earnings per share dlr compared dlr period last year reuter
murphy raises crude oil postings cts bbl yesterday wti dlrs
health inc rd qtr net shr profit five cts vs loss four cts net profit vs loss revs vs nine mths shr loss cts vs loss cts net loss vs revs mln vs note nine mths includes charge dlrs exchange officer director shares junior subordinated stock shares common stock year warrant purchase shares common stock dlrs per share reuter
home federal savings rd qtr shr cts vs nil net vs nine mths shr dlrs vs cts net vs assets mln vs mln note full name company home federal savings loan association reuter
rorer group inc st qtr net oper shr profit cts vs loss cts oper net profit vs loss mln revs mln vs mln note year ago oper gain sale businesses mln year ago oper includes charges mln resulting allocation purchase price revlon businesses inventory mln restructuring costs reuter
resdel merge san bar resdel industries said san bar corp agreed merge san bar resdel arrangement calls san bar spin assets break free division shareholders exchange shares resdel stock ratio one resdel share san bar share held resdel said reuter
strata earnings report qualified strata corp said earnings report contained qualified opinion independent auditors strata said owed mln dlrs overdue interest lender end entire mln dlr principle classified liability company agreement merge lomak petroleum inc lost mln dlrs loss mln dlrs year earlier reuter
reynolds metals restart idle reynolds metals co said plans restart last idle ore primary aluminum plant restart tonne year production line reynolds said operating pct consolidated primary aluminum capacity tonnes per year reynolds said work restart begin near future expected actual metal production begin september company said start continuing strong demand aluminum dwindling worldwide inventories metal needed supply reynolds various businesses reuter
corp rd qtr net shr dlrs vs dlrs net vs revs mln vs mln nine mths shr dlrs vs dlrs net vs revs mln vs mln reuter
olin corp rd qtr net shr cts vs cts net mln vs revs mln vs mln nine mths shr dlrs vs dlrs net mln vs mln revs billion vs billion reuter
shipping corp rd qtr shr cts vs cts net mln vs revs mln vs mln nine mths shr dlrs vs dlrs net mln mln revs mln vs mln reuter
anchor financial make acquisition anchor financial corp said agreed acquire state bank beach c exchange anchor shares share subject regulatory shareholder approvals assets mln dlrs march reuter
enterprises nine mths aug net shr cts vs cts net mln vs mln sales mln vs mln note enterprises inc reuter
monsanto co mtc rd qtr net shr dlrs vs dlrs net vs sales billion vs billion nine mths shr dlrs vs dlrs net vs sales billion vs billion note figures include mln dlrs cts share net gains facilities businesses sold shut non recurring income expenses reuter
lawson says uk interest rate prospects unchanged u k chancellor exchequer nigel lawson said collapse british share prices week held far domestic interest rates said television interview nothing events past days increase upward pressure u k interest rates sterling far stayed solid crisis backed strong economic fundamentals pct bank base lending rates analysts said lawson comments followed another day london financial center british shares closed pct day reuter
group said influential trade talks australian minister trade negotiations michael said country third world commodity producers formed effective lobby group farm export subsidies market access restrictions told press conference group major agricultural producers australia thailand emerged important third force multilateral trade talks doubt group seen third force inside general agreement tariffs trade international trade negotiations said three day visit talks united states european community ec latin america said considerable progress made group towards fighting costly protectionist policies pursued developed countries minister said ec commission new farm trade paper recognise heavy financial burdens imposed common agricultural policy future expansion said reagan administration also determination resist currently strong protectionist sentiment u congress reuter
gander mountain inc st qtr sept net shr cts vs cts net vs sales mln vs mln reuter
home savings bank hmsb st qtr net shr cts vs given net vs note company went public november net includes loan loss provisions dlrs vs dlrs gains sale securities dlrs vs dlrs pretax net includes tax credit dlrs net includes dlr gain tax credit resulting reduction goodwill reuter
uganda coffee market trade sources uganda coffee marketing board cmb stopped offering coffee international market unhappy current prices coffee trade sources said board suspended offerings last week urgent need cash immediately clear long could sustain sources added hundreds ugandan coffee farmers processors waiting several months payment cmb trouble finding enough railway move coffee kenyan port foreign banks contributed cash crisis holding uganda hard currency earnings coffee exports government newspaper new vision said banks holding seven mln dlrs coffee money president thinking imposing penalty delays added banking sources said third factor crisis commercial banks lent board billion shillings equivalent mln dlrs crop finance current coffee year government asked billion cmb kg bags coffee pct annual production stockpiled awaiting shipment crop accounts pct uganda export earnings recent slide prices four year lows likely offset expected increase production cmb officials forecast government restored law order important growing areas uganda produce three mln bags coffee year ending september pct reuter
japan must try harder cut surplus minister japan must try harder reduce trade surplus yen come renewed upward pressure economic planning minister told press hoped japan could cut current account surplus billion dlrs year reduced billion dlrs fiscal year ended march surplus totalled billion dlrs pct gnp billion yen economic stimulation package government unveiled late last month would help slash japan current account surplus five six billion dlrs said reuter
petroleum inc year dec shr loss six cts vs loss cts net loss vs loss mln revs mln vs mln note net includes mln dlrs writedowns tax benefit reuter
owens minor inc rd qtr net shr cts vs cts shr diluted cts vs cts net vs sales mln vs mln avg shrs vs avg shrs diluted vs nine mths shr dlrs vs cts shr diluted cts vs cts net vs sales mln vs mln avg shrs vs avg shrs diluted vs reuter
baring unit sets fund management buy baring capital investors ltd bci unit u k merchant bank baring brothers co ltd said raised mln european currency units ecus invested management buy development capital opportunities u k continental europe funds raised bci first fund baring european capital trust investors nine european countries expects raise another mln ecus soon french fund fund u investors bci set last year baring brothers advise buy development capital investors bci said new fund structured based unit trust listed luxembourg stock exchange advised bci managed company owned jointly management bci individual investments expected range one mln ecus likely concentrated u k germany france bci said aims invest established companies principally family companies issues corporate spin offs reuter
computer closing overseas units computer centers inc said discontinuing european australian operations company today reported loss second quarter ended february dlrs dlr pretax provision shutdown overseas units dlr tax credit year earlier earned dlrs said overseas operations lost dlrs second quarter appear strong enough provide future growth reuter
gordex minerals canada gold deposits gordex mineral ltd said located one mln short tons gold bearing deposits ounces per ton cape spencer company said plans invest mln canadian dlrs expand site treatment facilities process tons gold bearing deposits year tons prior completion recent exploration program gordex estimated cape spencer deposit tons gordex said expansion cape spencer facilities intended enable operation hours day throughout year reuter
city savings bank rd qtr shr cts vs given net vs nine mths shr one dlr vs given net vs note company went public september reuter
japan farm reform key trade surplus basic reform japan protected farm sector key shifting economy away export domestic led growth vital step trim trade surplus securities analysts said farm sector protected import tariffs quotas subsidies price supports tax system ample room change said economic terms reform would plus said christopher brokerage firm james capel co ultimate cost existing system food prices twice europe two three times u analysts said spending food accounts one quarter average household budget roughly pct gross national product gnp according study reducing prices could increase household spending power five pct study said money could spent products would direct impact boosting domestic growth added lot slack u government official tokyo said money could spent something else direct central government subsidies farm sector amount five billion dlrs per year independent estimates put total subsidies sources high billion analysts said much money changing tax laws encourage city residents farm put land sale residential development would also give boost domestic spending economists said housing construction key strategic variable expansion domestic demand wrote professor university japanese business groups calling staged farm reform shift burden trade friction economic restructuring away manufacturing sector onto farm sector employers groups also want change really want expand domestic demand way raise wages reduce commodity prices president japan federation employers associations told recent press conference external pressures rising u europe seek removal tariffs quotas help reduce trade deficits japan japanese interests opposed change remain well prospects quick reform analysts said although full time farm population falling signs ldp paying attention urban ruling party remains heavily dependent farm votes rural areas one rural vote worth several city votes due pattern ldp already political trouble tax reform plan want raise another issue soon analysts said consumer groups politically weak tend accept traditional view higher prices small fee pay national food security said powerful agricultural cooperatives opposed import liberalisation flexible reforms aimed stepping productivity said reform comes response specific pressure rather program said reuter
ec commission defends oils fats tax spokesman european community commission defended controversial plan levy oils fats saying consumers would help alleviate surplus problem paying proposed tax tanghe head division commission directorate general agriculture told th oils fats contact days commission firmly believes sacrifices would community producers oils fats sector would justify asking consumers make appropriate contribution serious problem within sector paying levy proposed tax necessary level budgetary costs resulting olive oil oilseeds production become unacceptable tanghe said recent estimates put costs billion european currency units would rise another billion ecus said community standstill agreements spain portugal end ec would feel full impact commission proposed several cost production cutting measures include introduction maximum guaranteed quantity system added commission system stabilising consumer prices oils fats sector reference price ecus per tonne refined oil would introduced tanghe said consumer prices could raised lowered regulatory amount market prices level said revenue generated charging regulatory amount would used finance common agricultural policy oils fats regime commission believes hostile proposed tax part based analysis proposal said tanghe said proposed system general agreement tariffs trade gatt rules would discriminatory would applied domestic imported products past experience showed would cause decline consumption oils fats ec produced oilseeds would benefit present aid arrangements said competitiveness different oils whether ec produced imported would remain unchanged quantities imported third countries would affected tax tanghe said proposed system would alter ec nations requirements far imports concerned since overall effect would stabilise community production levels without affecting demand said one proposal objectives maintain current import levels said imports soybeans would unaffected imported primarily satisfy ec meals requirements covered stabilising system furthermore half oil produced imported beans exported third countries tanghe added reuter
strata corp year dec loss shr loss dlrs vs loss dlrs net loss mln vs loss mln revs mln vs eight mln reuter
humana hum buy int l medical assets humana inc said florida judge approved previously announced proposal company buy certain assets international medical centers declared put early may humana said pay mln dlrs state department insurance pay prior claims mln dlrs working capital reuter
champion products sets pay date split champion products inc said two one stock split declared february payable april shareholders record april one reuter
american health properties inc st qtr shr cts net revs note company began operating february reuter
beverly enterprises sets regular dividend qtly div five cts vs five cts prior pay july record june reuter
philippine trade gap widens january august philippines trade deficit widened mln dlrs eight months end august mln dlrs period national statistics office said said exports eight month period rose billion dlrs billion imports rose billion dlrs billion year earlier country trade deficit totalled mln dlrs reuter
tecsyn international terminates takeover talks investor group
clayton homes inc rd qtr march net shr cts vs cts net vs revs mln vs mln nine mths shr cts vs cts net vs revs mln vs mln backlog nine mln vs six mln note share adjusted five four stock split june reuter
insurance firm preferred stake corporate life insurance co west pa insurance firm told securities exchange commission acquired shares preferred stock electric products inc pct total corporate insurance said bought cumulative convertible preferred stock stake dlrs investment purposes reuter
japan june interim trade surplus narrows japan custom cleared trade surplus narrowed billion dlrs first days june billion year earlier finance ministry said june interim surplus compares billion dlr surplus may period fob exports first days june rose pct year earlier billion dlrs cif imports rose pct billion average yen dollar rate used figures yen year earlier reuter
wholesale cost rd qtr may net oper shr two cts vs three cts oper net vs sales mln vs mln nine mths oper shr six cts vs eight cts oper net vs sales mln vs mln note oper data include extraordinary gains tax loss carryforwards dlrs one ct per shr vs dlrs one ct per shr qtr dlrs four cts per shr vs dlrs four cts per shr nine mths reuter
pioneer standard electronics inc nd qtr periods ended september oper shr cts vs six cts oper net vs sales mln vs mln first half oper shr cts vs cts oper net vs sales mln vs mln note operating net excludes losses discontinued operations dlrs three cts share quarter dlrs seven cts share half reuter
rubber stock manager says quality acceptable international rubber organisation inro buffer stock manager hofmeister said tests shown quality rubber stock acceptable acknowledged consumers wary buying said along rubber holding well condition quality rubber stored proper conditions told reuters telephone interview quality buffer stock rubber sold since entered market september would discussed inro council meeting opened today said tokyo traders said friday little interest buying rubber inro buffer stock possible poor quality hofmeister began selling rubber prices exceeded may sell level cents per kg early last month inro five day moving average quoted cents october said quality five six year old rubber stock consumers minds received good interest rubber understand japanese concern many consumers want try rubber carry buying said hofmeister said inro rubber stored different locations producing consuming nations adding warehouses used suitable long term storage selling buffer stock rubber past week days could reflect wait see attitude buyers said consumers holding back buying additional amounts test rubber tests likely buy hofmeister said could reduce offer price buffer stock rubber stimulate interest inro want depress prices artificially hofmeister declined comment japanese trade estimates sold around tonnes kuala lumpur new york since september said japanese traders position idea quantity sold noting traders overall put buffer stock sales tonnes question sales original tonne buffer stock expected main topic council meeting scheduled end thursday current international rubber pact expires october deadline new pact start january hofmeister continue selling rubber interim period reuter
kentucky central unit sells stations kentucky central life insurance co said broadcasting co inc subsidiary agreed sell two fla radio stations communications inc mln dlrs subject fcc approval reuter
national security stake acquired national security insurance co said group investors acquired common shares pct interest dlrs per share company said acquisition portion shares five pct interest subject approval alabama department insurance said sellers included atlantic american corp bankers fidelity life insurance co georgia casualty insurance co reuter
american corp st qtr net period ended may shr cts vs cts net vs revs mln vs mln reuter
ecuador use colombia oil link five years ecuador use new pipeline link colombia export crude oil next five years colombian mines energy minister perry said link may built allow ecuador resume exports crude oil halted march earthquake damage lago agrio balao pipeline pipeline repaired ecuador exceed opec quota order offset lost income pay debts contracted venezuela nigeria since quake ecuador mines energy minister javier espinosa said two ministers speaking news conference signing agreement joint oil exploration jungle border zone two nations drilling begin september agreement transport ecuadorean crude oil emergency period next five years possibility extension barrels per day bpd pumped along perry said espinosa said ecuador planned pump mln barrels link next five years cost cents per barrel first year km link maximum capacity bpd run lago agrio centre ecuador jungle oilfields existing colombian pipeline runs pacific port tumaco espinosa said km stretch link built ecuadorean side cost mln dlrs perry gave figures colombia km segment said compared going earn opec member ecuador pumping around bpd quake lost exports bpd costing mln dlrs per month espinosa said reuter
first marathon plans stock split first marathon inc said planned two one stock split effective shareholders approval june annual meeting financial services company said also completed previously reported mln dlr private placement mln non voting preferred shares convertible one one non voting class shares reuter
exxon xon cuts heating oil price traders said oil traders new york area said exxon corp exxon u unit reduced price charges contract barge customers heating oil new york harbor cent gallon effective today said reduction brings exxon contract barge price price decrease follows sharp declines heating oil prices spot futures markets traders said reuter
new england savings bank st qtr net shr cts vs given net vs note converted stock ownership aug reuter
basin pipeline texas okla border bpd crude affected
bastian technologies says five pct cosmo communications may seek control
memories inc rd qtr net qtr ended june shr six cts vs cts net vs sales mln vs mln nine mths shr cts vs cts net vs sales mln vs mln reuter
chicken inc st qtr net shr one ct vs cts qtly div cts vs cts prior net vs revs mln vs mln note dividend pay may record may one reuter
finance ministers agree need stability finance ministers seven major industrialized nations agreed need stabilize currencies current levels said action needed reduce trade imbalances sustain economic growth communique issued four hour meeting u treasury ended last night ministers said value dollar currencies basically correct welcomed new measures planned japanese boost economy west german finance minister gerhard stoltenberg called good meeting brief remarks exchanged reporters ministers seemed pleased outcome shortly communique issued foreign exchange trading opened tokyo bank japan intervened prevent yen rising quickly communique said ministers governors reaffirmed commitment cooperative approach agreed recent paris meeting agreed however actions essential resist rising protectionist pressures sustain global economic expansion reduce trade imbalances welcomed plans set week japan ruling liberal democratic party stimulate economy communique termed extraordinary urgent measures including unprecedented front end loading public works expenditures meeting called group seven brought together ministers central bank governors seven major industrial democracies united states japan west germany france britain italy canada communique said ministers reaffirmed commitment cooperation reached meeting february paris agreed stabilize foreign exchange rates current levels weeks followed dollar continued fall japanese yen despite massive dollar purchases bank japan central banks trading around lows japan come growing criticism united states european countries modest efforts open markets outside competition reduce exports communique said japan intention open domestic markets foreign goods services elaborate said officials reaffirmed view around current levels currencies within ranges broadly consistent economic fundamentals basic policy intentions outlined louvre meeting reuter
seoul announces tariff cuts u south korea cut import taxes goods including construction equipment cigarettes tobacco help reduce trade surplus united states finance ministry said today tariff cuts five pct take effect july south korea ran trade surplus billion dlrs washington sharply billion today announcement brings number goods similar measures taken year ministry official said among items washington asked seoul lower tariffs line government policy limit trade surplus united states help reduce trade friction two countries said official reuter
fdic seidman says higher rates could harm banks federal deposit insurance corp chairman william seidman said would concerned impact banks sharp rise interest rates however seidman attending american bankers association convention said expect rates rise much higher said outlook u economy banking sound potential greater interest rate rises gives us concern see nothing right outlook causes us believe rates going much higher economy sound seidman told news conference reuter
tin traders response futures market european free market tin traders made somewhat response plans kuala lumpur dollar based tin futures market due launched october traders said new market would probably useful trading medium japan south east asian tin interests although european traders generally appear reasonably satisfied current free market system operating since london metal exchange lme tin trading ceased october dealers also want see acceptable foreign metal new market sort demand develops forward deliveries also view among european traders proposed kuala lumpur tin futures market would provide another useful reference point market malaysian government past viewed major player times trade would make participants traders expressed preference resumption trading london metal exchange added behind discussion subject definite move unlikely outstanding high court litigation actions resolved spot tin prices european free market currently around stg per tonne high grade metal warehouse rotterdam past months price moved ten year low stg march high stg december compares stg last paid lme trading ceased october record high tin price stg traded cash standard grade metal june year lme warehouse stocks near two year low tonnes fallen steadily record high tonnes reached february traders said free market turned bullish late last year based producer forecasts supply demand deficit tonnes analysts predicting prices stg per tonne however trend reversed following strong sterling versus dollar values fell back briefly stg last month approaching stg december decline accelerated producers sold little metal higher levels became competitive sellers also lack significant demand major steel mills made large purchases prior new year traders say itc creditor banks original tin holdings nearly tonnes almost halved bulk material still available held malaysian japanese firms reluctant depress market unwanted metal tonnes held banks brokers international tin council itc buffer stock manager halted support operations lme behalf members nations international tin agreement overhang metal reduced broker shearson lehman brothers earlier year reported sold itc related holdings halved overall tin position analysts see immediate sign rally european tin prices movements still expected largely related currency fluctuations unless significant consumer demand emerges third quarter association tin producing countries atpc made efforts since collapse ita achieve higher world prices attempting bring major producers export control date brazil china two major producers remain unaffected atpc argument apparently continuing offer material discounts consumers main european trading centres dealers said reuter
west german cocoa within expectations west german first quarter cocoa rose pct quarter within expectations trade sources said described results announced saturday normal considering grind fourth quarter rather high carried first quarter rose tonnes first quarter spokesman confectionery industry association said west german expected stay relatively high comparison west european countries reuter
status game corp rd qtr feb net oper shr six cts vs one ct oper net vs revs vs avg shrs vs nine mths oper shr cts vs five cts oper net vs revs vs avg shrs vs note share adjusted pct stock dividend december prior year net excludes tax credits dlrs quarter dlrs nine mths net excludes discontinued amusement game operations gains dlrs vs dlrs quarter loss dlrs vs gain dlrs nine mths reuter
tokyo bundesbank schlesinger sees reason lower interest rates
viacom says federal court rejects request block planned merger
inc st qtr net sept shr seven cts vs five cts net vs revs vs reuter
bundesbank reported plan rate cut bundesbank deputy president helmut schlesinger said west german central bank plan cut three pct discount rate newspaper reported financial daily quoted schlesinger saying interview bank would try maintain current interest rate levels time also told newspaper saw need large scale intervention foreign exchange market exchange rates stable earlier schlesinger told press conference bundesbank would continue policy maintaining short term interest rates low level currency stability also said satisfied current dollar mark exchange rate added certain ideal west german economy reuter
multifoods files suit bregman international multifoods corp said filed suit charging bregman partners affiliates unlawfully planned acquire control company suit filed u district court international multifoods said bregman partners affiliates reportedly hold pct company shares tried management join effort take company private give controlling interest bregman partners bregman partners include interests belzberg families canada complaint also occasion multifoods management rejected group multifoods asking bregman group divest shares open market sales manner disrupt market place according suit suit seeks compensatory punitive damages amount determined addition multifoods seeking stop bregman partners acquiring stock voting shares reportedly owns suit said according multifoods actions proposed bregman partners would prevent shareholders full benefits company restructuring past three years multifoods substantially altered domestic business mix u foods operations growth selected segments u foodservice industry reuter
first city sells yale units first city industries inc said reached definitive agreement sell yale security subsidiaries valor plc mln dlrs warrants purchase two mln valor ordinary shares addition company said special dividend mln dlrs yale agreed buy mln dlrs valor convertible preference shares first city said seeking increase shareholder values improving values operating subsidiaries company said transaction subject approval shareholders valor expected completed within days said valor arranged financing issue ordinary convertible preference shares underwritten hoare ltd barclays de zoete wedd ltd makes built electric products housing market yale makes door electronic security products valor makes home products reuter
security pacific spc loans put non accrual security pacific corp said placing medium long term loans brazil ecuador non accrual basis march move reduce first quarter earnings mln dlrs nine cts per share taxes despite anticipated reduction quarterly earnings security pacific said still expects report first quarter earnings higher mln dlrs dlrs per share reported first quarter bank holding company said action affects mln dlrs loans brazil mln loans ecuador brazil suspended interest payments billion dlrs medium long term debt february ecuador foreign debt roughly eight billion dlrs paid interest foreign banks since february march ecuador said would suspend interest payments rest year earthquake halted export oil accounts pct country export revenues announcement security pacific said record interest income received cash company also said believes brazil reach agreement banks interest payments resume later brazilian negotiations resume friday new york central bank governor francisco gros expected ask banks day roll billion dlrs term debt april reuter
ex usda official urges chicken handling labels former u agriculture department official urged department require packages chicken handling cooking protect public disease tucker president former assistant secretary agriculture food consumer services told house agriculture subcommittee every hour every day americans become victims chicken salmonella said every two half weeks american arising poisoning poultry increased steadily past several years said usda follow national academy sciences recommendation label chicken packages consumers preparation procedures necessary avoid urged usda require thoroughly machines several times day visible water changed often kenneth president american federation government employees said poultry industry recommendation move away current bird bird inspection could prove disastrous said strengthened bird bird inspection slower line foundation upon new inspection techniques reuter
drug stores inc st qtr may shr cts vs seven cts net vs sales mln vs mln reuter
japan september plus cd money supply rises pct year year aug
c r inc jan year net shr dlrs vs cts net vs sales mln vs mln reuter
u said unfairly protecting defense industry britain defence minister george younger said u unfairly protecting defence industry could lead british firms demanding counter measures younger told u chamber commerce meeting u legislators failing realise true nature two way street terms ideas technology equipment british parliamentary report said march british firms awarded mln dlrs worth contracts strategic defence initiative compared billion dlrs britain hoped secure committee said u technology export restrictions towards foreign contractors denied british competitors orders largely excluded technological research younger said london given u companies contracts conditions fair open competition ask companies given similar opportunities added new american legislation aimed curbing unfair subsidies used exclude foreign suppliers would surprising british firms pressed retaliatory measures younger said reuter
ual ual comment stock rise ual inc citing company policy told new york stock exchange would comment unusual rise stock ual parent united airlines closed volume mln shares wall street traders said ual stock soared response proposed billion dlr buyout offer united air pilots union general rise air throughout industry reuter
international business machines corp ibm net st qtr shr dlrs vs dlrs net mln vs billion gross income billion vs billion avg shrs mln vs mln note pretax net billion vs billion sales billion vs billion maintenance gross income billion vs billion program products gross income billion vs billion services mln vs billion reuter
miyazawa sees eventual lower u trade deficit japanese finance minister kiichi miyazawa told press conference expects u trade deficit eventually start reflecting economic fundamentals influence exchange rates minister referring u trade data released washington later today miyazawa also said told major industrial nations washington last week present exchange rates necessarily good said earlier washington current exchange rates within levels implied february paris currency accord reuter
price inc rd qtr oper net oper shr cts vs cts oper net mln vs mln revs mln vs mln nine mths oper shr dlrs vs dlrs oper net mln vs mln revs billion vs billion note prior nine mths qtr excludes loss mln dlrs due discontinued operations reuter
pakistan cotton crop seen record mln bales pakistan likely produce record mln bales lbs cotton current crop exceeding target mln bales food agriculture minister said told pakistan central cotton committee meeting present third consecutive record setting year said momentum would accelerated future official news agency reported said indications pakistan attain record cotton production mln bales compared crop mln bales also represented target earlier set authorities year production reuter
bankers trust bt raises broker loan rate bankers trust co said raising broker loan rate pct pct effective immediately u trust co bank broker rate already posting pct reuter
franklin pennsylvania u sets initial payout franklin pennsylvania investors u government securities fund fund said board declared initial monthly dividend cts per share payable april holders record april reuter
new zealand cpi rises pct march quarter new zealand consumer price index cpi measures rate inflation rose pct quarter ended march pct rise december quarter pct rise march quarter statistics department said months ended march cpi rose pct pct months ended december pct months ended march said statement nearly half increase latest quarterly index contributed housing group department said december quarter significantly affected introduction pct value added goods services tax gst october added however gst charges measured december quarter influenced latest march quarterly figure said lag price information particularly housing used cars insurance household contents added reuter
iran foreign minister tells cuba gulf situation iranian foreign minister ali two day official visit informed cuban foreign ministry officials monday situation gulf diplomatic sources said said envoy trip followed tuesday visit nicaragua could linked possible non movement seven year old iran iraq war ruled prominent cuban role could reached comment u attack abandoned iranian oil rig monday tehran reuter
shells said fall kuwait border shells exchange fire iran iraq fell kuwait northern border tuesday caused kuwait news agency said quoting defense ministry official rumors world oil markets tuesday iran fired shells oil camp northern kuwait retaliation u attacks iranian oil platforms gulf monday several shells fell random manner northern border country official told seems shells arose exchange fire iran iraq one losses diplomats said shells nearby iran iraq past fallen northern kuwaiti senior kuwait petroleum corporation official earlier told reuters attack kuwaiti oil installations reuter
central bancorp inc st qtr net shr dlrs vs cts net mln vs mln note net includes gain dlrs termination pension plan results restated pooled acquisitions share adjusted stock dividends reuter
franco german fails farm talks convened franco german meeting summit ec leaders failed make progress farm price package deeply split two former ec allies diplomats said meeting attended farm ministers foreign ministers countries french president francois prime minister jacques chirac chancellor helmut kohl west germany farm prices seen key providing solution long term settlement community worst ever budget crisis germans clearly want aide chirac told reporters added french prime minister angered hour long meeting bonn paris opposed proposal brussels executive commission overhaul ec complex green system designed common ec farm prices national currencies paris also supports move oils fats tax west germany along britain denmark netherlands ec farm due resume negotiations package agreed april deadline tomorrow diplomats said hoped summit could injected fresh impetus talks commission proposed package save one billion dollars ec ever rising farm budget summit dominated lengthy talks moves alter entire system financing nation group billion dollar budget shortfall reuter
federal resources acquires retailer federal resources corp said acquired capital stock related real estate assets new generation inc regional consumer electronics specialty retailer terms acquisition disclosed new generation annual sales volume mln dlrs federal resources said federal resources said search additional acquisitions including limited specialty retailers reuter
raytheon co st qtr shr dlrs vs dlrs
newhall investment sets special payout newhall investment properties said declared special distribution cts per share payable june one unitholders record april reuter
neworld bank savings st qtr net oper shr cts vs cts oper net vs note net excludes dlr tax credit reuter
tokyo stock plunge could force easier money policy tokyo stock prices prevent bank japan raising discount rate could even force ease monetary policy collapse continues government private economists said rise interest rates would serve spark selling shares could ultimately major impact real economy said although bank japan officials consistently maintained plans raise pct discount rate many markets thought otherwise fears rise discount rate central bank apparent decision last week higher rates commercial bills dealers said today stock market collapse prices fell nearly pct means bank japan would hard pressed raise discount rate despite concerns renewed inflation dealers economists said japanese government bond prices rose sharply today markets concluded stock market collapse central bank carrying widely discount rate increase senior government economist suggested u japan needed ease monetary policy prevent drop new york tokyo stock prices need support stock security markets said bank japan officials said saw need change policy moment although one admitted central bank may strategy tokyo stock prices continue plunge rest week government bank japan economists agreed economy better placed cope impact stock prices months ago economy recovering strongly steep drop stock prices likely put major consumer business confidence one government economist said impact real economy big said another individuals heavily invested stocks although participate trust funds investment vehicles many manufacturing firms turned financial market investments profits last year economic downturn recent rebound allowed attention core businesses said pick economy partly blame stock market collapse companies shifted funds away financial investments increase inventories step capital spending one government economist said deciding response make steep stock price drop bank japan must first determine whether prices continue fall decide pose greater economic danger threat higher inflation one central bank official said least take couple days weeks said reuter
systems corp st qtr sept shr five cts vs eight cts net vs revs vs note qtr includes gain dlrs four cts per share tax gain reuter
corp ohio st qtr net shr cts vs cts net vs reuter
rj nabisco rjr unit sells business rjr nabisco inc rj reynolds tobacco usa unit said reached definitive agreement sell little business tobacco exporters international usa ltd atlanta u subsidiary international plc terms disclosed last week rj reynolds announced sale four tobacco brands brands represent less one pct rj reynolds tobacco usa total sales billion dlrs reynolds said sale expected completed april company said planned concentrate resources manufacture sale cigarettes reynolds said introduced dominant brand little market reuter
takeover speculation lifts hutton efh shares e f hutton group inc shares rose speculation company would receive takeover offer traders said hutton stock also affected newspaper report first boston corp fbc accumulated almost five pct hutton stock behalf outside client traders said traders said story appeared usa today added speculation began street last week said rumors stock speculation company would soon receive offer hutton official declined comment hutton stock rose hutton several months ago rejected buyout offer shearson lehman brothers inc newspaper story mentioned speculation american express co axp parent shearson possible buyer traders said rumors today name buyers first boston officials available comment prudential bache analyst larry eckenfelder said doubted speculation american express said believed hutton rumors moved today result newspaper article hutton still takeover candidate said eckenfelder reuter
hartmarx corp boosts dividend chicago april qtly div cts vs cts prior qtr pay may record may
california first bank rd qtr net shr cts vs cts net vs avg shrs vs nine mths shr dlrs vs dlrs net vs avg shrs vs assets billion vs billion deposits billion vs billion loans leases billion vs billion reuter
vulcan sees first quarter operating loss vulcan corp first quarter operating results show loss chairman lloyd miller told told annual meeting company reported profit dlrs cts share first quarter last year one cent share coming non operating factors spokesman said miller attributed expected loss completion purchase transfer consolidation operating assets sullivan rubber division saying costly taking time originally anticipated vulcan working resolve problems miller told shareholders adding appears take find solutions reuter
us west inc rd qtr net shr dlrs vs dlrs net mln vs mln sales billion vs billion avg shrs mln vs mln nine mths shr dlrs vs dlrs net mln vs mln sales billion vs billion avg shrs mln vs mln reuter
fed johnson says louvre accord still vital federal reserve board vice chairman manuel johnson said louvre accord still healthy said united states west germany must work differences respective accord louvre accord worked well terms stabilizing exchange rates said response question american stock exchange conference said exchange rates stable far result accord reuter
dow jones co inc first quarter shr cts vs cts
service resources src unit cuts sorg stake group led p young co subsidiary service resources corp said cut stake sorg inc shares pct total outstanding common stock shares pct filing securities exchange commission young yesterday withdrew dlr share takeover proposal said group member partners ltd partnership sold sorg common shares june dlrs reuter
first federal savings bank nd qtr net qtr ended march shr cts net vs six mths shr dlrs net vs note bank went public dec reuter
interfirst corp st qtr loss cts vs profit three cts
reagan calls certain exports president reagan said commerce department preventing flow strategic technology reaching soviet union communist countries speaking c william secretary commerce department said u make certain sensitive high technology wind communist nations also said u must reduce list products nature thereby allowing manufacturers increase exports jobs reuter
american management systems rd qtr net shr cts vs cts net vs revs mln vs mln nine mths shr cts vs cts net vs revs mln vs mln note full name american management systems inc reuter
lincoln financial corp rd qtr net shr cts vs cts net vs nine mths shr dlrs vs dlrs net vs assets billion vs bilion deposits billion vs billion loans billion vs mln note figures restated reflect pooling interests transactions state bank state bank october three one stock split reuter
taiwan foreign exchange reserves hit record high taiwan foreign exchange reserves rising exports hit record high likely soar billion u dlrs year end central bank officials said tuesday central bank governor chi told reporters reserves totalled billion u dlrs compared billion time last year billion october declined elaborate senior bank official declined named told reuters reserves likely reach billion dlrs end year surge reserves result trade surplus recent purchases u dollars local interbank market said taiwan trade surplus hit record billion u dlrs first nine months compared billion year earlier official figures show vice economic minister wang said surplus rise billion dlrs end year pct surplus come island trade united states said taiwan trade reach billion u dlrs year compared billion last year exports expected total billion imports billion exports billion imports billion last year reuter
corp rd qtr net shr four cts vs cts net vs revs mln vs mln nine mths shr cts vs dlrs net vs revs mln vs mln reuter
firm pct decision capital fund gabelli group inc said two subsidiaries held total decision capital fund inc shares pct total outstanding said shares held behalf investment clients said intention seeking control fund gabelli said recent purchases decision capital fund stock included shares bought april philadelphia stock exchange gabelli investment firm headquartered new york city gabelli co subsidiary brokerage firm reuter
sessions co rd qtr net oper shr profit cts vs loss cts oper net profit vs loss revs mln vs mln nine mths oper shr profit cts vs loss cts oper net profit vs loss revs mln vs mln note net excludes losses discontinued operations dlrs quarter dlrs nine mths nine mths net excludes gain dlrs cumulative effect pension accounting change net excludes tax credits dlrs quarter dlrs nine mths reuter
interstate bakeries ibc buys mexican food firm interstate bakeries corp said royal american foods subsidiary agreed buy assets food products inc new mexico based producer mexican food products terms proposed transaction disclosed reuter
savings bank rd qtr net shr cts vs cts net vs nine mths shr dlrs net vs assets mln vs mln deposit mln vs mln loans mln vs mln note nine mths per share figures available bank converted stock form june reuter
air products chemicals inc th qtr net oper shr cts vs cts oper net mln vs mln sales mln vs mln year oper shr dlrs vs dlrs oper net mln vs mln sales billion vs billion avg shrs mln vs mln note results restated discontinued engineering services operations prior year net excludes losses discontinued operations dlrs quarter dlrs year fiscal year net excludes dlr charge early debt retirement fiscal net includes special charges mln dlrs quarter mln dlrs year reduction costs revaluation south african investment reversal investment tax credits r items reuter
corby distilleries expand canada corby distilleries ltd pct owned allied lyons plc l subsidiary hiram walker goodman buy spirits business mcguinness distillers ltd toronto mln canadian dlrs mcguinness producer marketer spirits also exclusive agencies imported wines spirits sale subject approval bureau competition policy michael president chief executive officer hiram walker allied said acquisition excellent one financially reuter
barnett banks florida inc st qtr net shr cts vs cts net mln vs mln avg shrs mln vs mln reuter
kuwait sees opec output ceiling end year opec output second half including iraq official mln barrels per day bpd output ceiling agreed opec saturday kuwait oil minister sheikh ali al khalifa al sabah said iraq refused sign pact opec maintained ceiling mln bpd third fourth quarters december opec set provisional fourth quarter level mln bpd cut back third quarter target ali told news conference including iraq opec third quarter output mln bpd fourth quarter output nearly mln bpd ali detail effect thought production levels would prices iraq official first half quota mln bpd rising mln second half refused adhere recently producing around two mln barrels per day exporting pipelines saudi arabia turkey iraq export capacity boosted bpd oil pipeline via turkey comes stream september iraq insisting quota equal gulf war iran quota mln bpd rising mln second half ali said position bpd production neutral zone saudi arabia kuwait supplied iraq war relief crude fixed discuss change said ali said conference began thursday ended saturday evening short necessary problems holding short meeting lot carpet said ali said problem price differentials prices various opec crudes properly meeting ali said problem differentials real one would producing today light crude problem properly light crudes relative heavy crudes asked issue differentials would raised next opec meeting held vienna december ali said crudes affected raise issue work another minister kuwait crudes range medium heavy grades opec reintroduced fixed prices february spread dlrs barrel crudes reuter
video buy president shares video network inc said signed letter intent purchase mln shares four mln shares company common stock founder president steven peters video said shares purchased louis iii senior vice president venture w inc national brands inc j patrick jr investors partnership ii video said currently shares common stock outstanding company said went public earlier year current ask price investors partnership ii planned partnership operated chairman president communications equity associates inc media brokerage firm video said terms proposed transaction disclosed video said peters continue chairman president company said parties june agree terms letter intent reuter
bank new york reaffirms terms irving v bank new york corp bk said reaffirmed terms offer irving bank corp despite drop bank new york share price bank new york spokesman said offer still stands changed offer bank new york spokesman said irving would comment drop market affects position bid whether would buy back shares earlier month irving rejected bid inadequate said wanted retain independence late september bank new york offered dlrs per share cash pct irving remaining pct offered exchange shares shares one irving share time stock purchase portion worth close dlrs per share portion worth dlrs per share net price dlrs one analyst said according prospectus offer shareholders may tender cash shares first come first serve basis analysts mixed stock price drop would affect acquisition gets irving shareholders would approve irving hopes offer go shareholders said mark banking analyst bear stearns cos inc market saying deal go said transaction looks highly unlikely completed present irving go offer dlrs share go lower price another analyst said analyst also doubted bank new york could afford retain original offer however industry sources uncertain prospects deal irving price low bank new york offer look good irving shareholders said michael consultant bank earnings international consulting firm drop irving share dlrs per share dlr drop beginning last week increases chance bank new york succeed said analysts said drop bank stock prices likely depress level mergers acquisition banking industry bank takeovers less likely banks use stock make acquisitions share price depressed said since banks buy another bank possible would foreign bank said market drop stock got another analyst said reuter
texas american omits preferred payout texas american energy corp said board decided omit quarterly dividend dlr cumulative convertible exchangeable preferred stock dividend would payable may one company last paid cts share issue august reuter
seven oaks international inc year net periods ended april shr cts vs cts net vs revs mln vs mln avg shrs vs reuter
japan retaliate u tariffs japan plan take immediate retaliatory action implementation u tariffs japanese electronic goods minister international trade industry hajime tamura said statement japan requested bilateral consultations accordance article general agreement tariffs trade gatt washington yesterday tamura said deep regret u measures impose pct tariffs mln dlrs worth japanese imports small computers colour television sets power tools reuter
thai smelter faces tin concentrate supply shortage thailand major tin exporter producer thailand smelting refining co said may unable meet overseas orders insufficient supplies tin concentrates thai mines local mines cut combined daily tin concentrate sales royal dutch shell group rd unit less tonnes earlier month previous tonne average commercial manager told reuters said cuts resulted government decision let temporary business municipal tax reductions exported tin june taxes levied tin mines rose pct month pct ad past year lower levels introduced last year temporary move aid tin industry prices collapsed late said dig stocks meet large portion new overseas orders averaging tonnes per day result said thailand could fail fill tonnes tonne tin export quota allocated association tin producing countries atpc year ending february reduced tin exports year could cause atpc allocate lower quota next year said supplies shortage prove temporary however thai cabinet expected review mineral resources department proposal reinstate low taxes late month said department said thailand exported tonnes tin january may compared tonnes year ago reuter
wal mart completes acquisition wal mart stores inc said completed acquisition super saver warehouse inc super saver wholly owned unit wal mart reuter
super stores inc th qtr feb net shr cts vs cts net vs sales billion vs billion avg shrs vs year shr dlrs vs dlrs net vs sales billion vs billion avg shrs vs note period ended february earnings include net loss subsidiary dlrs quarter dlrs year reuter
gander buys western wear retailer gander mountain inc said acquired privately held western catalog point purchase retailer western apparel based cheyenne said western sales year ended jan mln dlrs purchase made undisclosed amount cast reuter
vernitron sets new record date vernitron corp said set new record date july shareholders entitled vote proposed merger vernitron sb holding corp original record date may vernitron said currently expects special shareholder meeting concerning merger held august following tender offer november sb holding holds pct vernitron maker components related products services reuter
national city corp st qtr net shr primary cts vs cts shr diluted cts vs cts net mln vs mln avg shrs mln vs mln assets billion vs billion deposits billion vs billion loans billion vs billion return assets pct vs pct note net includes securities gains seven cts shr vs two cts net includes loan loss provision mln vs mln net charge offs totaled mln loan loss reserve end qtr mln reuter
ccc accepts bonus poultry iraq usda commodity credit corporation ccc accepted bid export bonus cover sale tonnes frozen poultry iraq u agriculture department said poultry shipment june september bonus dlrs per tone said bonus award made conagra poultry co paid form commodities inventory ccc stocks purchase completes export enhancement initiative frozen poultry iraq announced december reuter
corp th qtr net shr cts vs cts net vs revs vs year shr dlrs vs dlrs net vs rev vs note net includes state tax credit qtr year net also includes gains sale real estate vs qtr vs year reuter
town country jewelry manufacturing qtr feb shr cts vs cts net vs sales mln vs mln avg shrs vs year shr dlrs vs dlrs net vs sales mln vs mln avg shrs vs note town country jewelry manufacturing corp reuter
southwest bancorp rd qtr loss shr loss primary cts vs profit cts shr loss diluted cts vs cts net loss vs profit avg shrs vs nine mths shr loss primary cts vs profit cts shr loss diluted cts vs cts net loss vs profit avg shrs vs loans mln vs mln deposits mln vs mln assets mln vs mln note prior qtr nine mth figures include operating loss carryforward gains dlrs two cts per share dlrs four cts per share respectively reuter
washington scientific nd qtr net shr cts vs two cts net vs sales vs six mths shr cts vs cts net vs sales mln vs mln note full company name washington scientific industries inc second quarter ended june seven reuter
oil gas co year loss shr loss cts vs loss dlrs net loss vs loss reuter
receives takeover inquiries industries inc seeking acquired said recently received inquiries concerning purchase company company identify parties made inquiries said referred investment bankers tucker anthony r l day inc study march company said engaged tucker anthony seek purchasers operating units tube corp md inc reuter
ic industries says consider possible sale aerospace business
u oil prices strong ahead opec meeting u crude oil prices highest level year ahead next week opec meeting even though industry analysts expect policy changes session said prices steadily climbed since organization accord december risen technical factors within market concerns supplies iran iraq war could disrupt deliveries gulf u benchmark crude west texas intermediate trading around dlrs july contract new york mercantile exchange energy futures spot market highest level since january opec conference president rilwanu lukman nigeria oil minister said friday expects meeting vienna brief calm opec current price production agreement may need slight review although industry experts expect reaffirmation december agreement oil prices continue climb due desire hedge positions case analysts expect higher prices continue soon opec meeting point barring increased tension gulf changes opec policies prices begin easing opec probably anything already agreed december oil prices firm said john hill vice president merrill lynch futures opec agreed december maintain official oil prices dlrs barrel raise group production ceiling mln barrels per day third quarter mln barrels fourth quarter agreement helped send prices sharply higher rising dlrs barrel early december several opec members price including iran algeria libya seek higher official price reduction output u west texas intermediate crude continues trade dlrs barrel greater chance opec raise official dlrs price said analyst smith barney harris upham co analysts expect moderate producers saudi arabia block changes policy meeting non event change official prices opec particular saudis committed stabilizing market said rosario analyst l f rothschild however analysts said opec may need hold meeting september evaluate market conditions overproduction opec become real problem fourth quarter quota raised mln barrels day iraq pipeline turkey brings another barrels market day said john lichtblau president petroleum industry foundation expect saudi arabia oppose price increase meeting many look increase year end dlrs offset decline dollar oil prices denominated throughout world dollars currency declines producers receive less money oil real production restraint opec saudi arabia said sanford margoshes analyst shearson lehman brothers second half year expect saudis produce mln barrel day quota therefore act vehicle market pave way two dlrs barrel price increase december meeting said one uncertain factor course iran iraq war card increased tensions persian gulf said frank analyst prudential bache oil tankers taking oil iraq kuwait regular targets iranian planes reagan administration planning put kuwait tankers protection u flag naval extra oil inventories needed time crisis like general nervousness incident could disrupt oil supplies drives prices said reuter
cont l materials ends consideration bid continental materials corp said directors decided give consideration business combination proposed stockholder group holds pct continental materials stock continental materials said offer received continental associates group st louis businessmen according continental materials group said may might boost stake continental materials group also said letter last week company group financing board consider official offer continental materials spokeswoman said reuter
merrill lynch says proration factor supermarkets tender pct
inc th qtr march shr profit four cts vs loss cts net profit vs loss sales vs year shr loss cts vs loss cts net loss vs loss sales mln vs mln reuter
clevite amends rights plan clevite industries inc earlier received mln dlr takeover offer j p industries inc said amended shareholder rights plan certain provisions plan cannot occur board best interests company stockholders plan adopted december permits clevite issue shares half price existing stockholders allows stockholders buy shares bidder half price clevite said amendments board effectively mean called provisions rights plan triggered board approval company said acted proposed acquisition certain debt restrictions could block ability redeem rights reuter
hoechst celanese report new facilities hoechst celanese corp said sent customers confidential report describing polyester textile fiber facilities north carolina south carolina company disclose prices report facilities county c n c company said report also related manufacturing marketing administrative technical resources could made buyer hoechst celanese formed feb merger celanese corp american hoechst corp merger took place agreement reached federal trade commission certain domestic polyester textile fiber assets combined companies would divested said hoechst celanese said option either south carolina facilities former american hoechst package polyester textile fiber facilities former celanese reuter
spain mln dlr current surplus february spain mln dlr current account surplus february compared mln dlr surplus january mln dlr surplus february last year bank spain figures show spain trade deficit narrowed mln dlrs compared mln dlrs january large increase non oil imports contributed substantial increase mln dlr deficit registered february exports billion dlrs pct compared february last year imports pct higher last february totalling billion dlrs non oil imports totalled billion dlrs compared billion february last year reflecting large investment goods entering country recovery spanish economy bank spain said spain earnings continued grow totalled mln dlrs february compared mln dlrs january mln dlrs february last year reuter
steel co rd qtr net shr cts vs cts net vs sales mln vs mln nine mths shr dlrs vs cts net vs sales mln vs mln reuter
federated department stores march sales pct
canadian money supply fell mln dlrs week bank canada said
ec farm ministers meet tomorrow summit european community agriculture ministers meet tomorrow evening end two day summit meeting heads government attempt agree farm price package ec commission spokesman said added tomorrow ec official journal contain notice special agricultural measures purely technical nature come effect july unless ministers reach accord spokesman declined detail special measures said would sort dynamic moves ec farm commissioner frans andriessen said would take case complete deadlock among farm ministers moves would taken tomorrow meeting ministers brussels fails reach accord ec sources said andriessen thought prepared cut cereals prices seven pct take drastic action trade sources said ec farm ministers ended last meeting june still split commission proposal tax vegetable marine oils fats addition west germany said would veto plans cereal price cuts change green currency system earlier today diplomats said belgium current holder european community presidency appears ready drop plans controversial oils fats tax reuter
woolworth z completing tender offer woolworth co said shares armel inc common stock tendered accepted payment woolworth terms announced cash tender offer expired midnight edt october addition said armel shares tendered subject guaranteed delivery said result tender offer options exercised purchase armel stock acquisiton corp woolworth unit today expects pct outstanding stock woolworth said percent owns include class shares armel tendered purchased pursuant options announced proceed cash merger shares armel held woolworth entitled receive dlrs per share woolworth said expects consummate deal later year armel specialty retailer broad line leisure footwear accessories sportswear reuter
heineken sees higher profits wider penetration dutch brewer heineken nv said hoped maintain number years similar earnings growth pct increase net profit achieved despite continuing investments reorganization program efforts extend world penetration heineken last month reported net profit mln guilders mln chairman heineken said company europe leading beer producer six pct market share said sales increased pct mln volume increase due mainly rise u brand saw great demand europe sales accounted pct total turnover despite losses guilder terms due weaker foreign currencies rose pct billion guilders consolidation foreign companies including increase stake leading spanish brewery el pct new ventures modernization particularly french spanish interests eroded profit margins company still planned invest mln guilders year restructuring marketing heineken said heineken spanish activities start yielding profit next year heineken said adding french operations already turned profit vast last year vice chairman gerard van said decision european court justice luxembourg allow foreign beer closed west german market europe biggest beer market offered interesting possibilities heineken beer distribution sales important point van said adding since ruling heineken german traders seeking joint ventures question want german market van said adding widely germans seemed developing foreign beer internal structure heineken board member hans responsible african operations said saw africa one important beer growth markets long term said company present africa since majority stakes six interests hampered lack hard currencies africa beer consumption averages nine per head per year sales limited import restrictions currency risks nonetheless accounted pct total sales site production expensive high price imports essential heineken scientists looking possibilities balance costs imported launched nigerian market new beer made pct sold successfully said heineken urging farmers grow traditional raw materials noted palm beer popular possibility could possibly achieve heineken said chairman heineken said company seven year efforts soviet market finally resulted week contract relaxed restrictions faced lack hard currencies limited heineken market potential heineken seven bars moscow good sales bars accept western money reuter
first valley corp rd qtr net shr cts vs cts net vs nine mths shr dlrs vs dlrs net mln vs mln reuter
grand union co th qtr march net net vs sales mln vs mln year net mln vs mln sales billion vs billion note twelve week periods generale sa subsidiary prior year net periods includes dlr pretax charge store closings year net includes pension gain dlrs vs charge dlrs due change pension accounting income tax rate year pct vs pct due investment tax credits elimination investment tax credits approximately offset gain change pension accounting company said reuter
wyse wyse get link technologies wyse technology said agreed principle acquire privately held link technologies inc exchange undisclosed amount wyse technology shares link technologies develops markets computer terminals wyse also said reuter
eastern utilities associates rd qtr net shr cts vs cts net mln vs mln revs mln vs mln avg shrs vs nine mths shr dlrs vs dlrs net mln vs vs mln revs mln vs mln avg shrs vs mths shr dlrs vs dlrs net mln vs mln revs mln vs mln avg shrs vs reuter
first bank system inc fbs st qtr net shr cts vs cts net mln vs mln assets billion vs billion loans billion vs billion reuter
partners l p rd qtr loss shr loss five cts vs profit six cts net loss mln vs profit mln revs mln vs mln nine months shr profit one dlrs vs profit cts net profit mln vs profit mln revs mln vs mln note results pro forma form partnership became public march previous results reported texas eastern corp inc domestic division reuter
schlumberger ltd slb rd qtr net shr nil vs loss cts net vs loss mln revs billion vs billion avg shrs mln vs mln nine mths shr profit cts vs profit cts net profit mln vs mln revs vs billion avg shrs mln vs mln note rd qtr includes mln dlrs continuing operations includes mln dlrs tax gain sale company investment compagnie de rd qtr nine mths net includes loss mln dlrs cts share discontinued operations mln dlrs cts share extraordinary gain rd qtr nine mths net includes loss mln dlrs cts share continuing operations mainly employee layoff costs services sale small electronic business unfavorable lease nine mths net also includes loss mln dlrs discontinued operations due completion previously announced sale fairchild semiconductor business extraordinary item mln dlrs relates award iran u claims iran inc drilling business prior acquisition schlumberger rd qtr nine mths net also includes discontinued operations loss mln dlrs fairchild semiconductor offset mln dlrs gain favorable settlement litigation data general reuter
ample supplies limit u strike oil price impact ample supplies opec crude weighing world markets helped limit reverse oil price gains followed u strike iranian oil platform gulf earlier monday analysts said december loading rose dlrs cents falling around later unchanged last friday fundamentals said philip lambert analyst stockbrokers kleinwort grieveson adding total opec production first week october could mln bpd little changed september levels peter analyst chase manhattan bank said opec production could mln october reuter international energy agency iea estimates put opec september production mln bpd u attack retaliation last friday hit kuwaiti oil products tanker flying u flag sea city struck missile believed iranian kuwaiti waters first hit u flag commercial vessel seven year iran iraq war u owned liberian flag tanker hit area thursday also believed struck iranian missile refiners significant purchasers physical oil monday result increased gulf tension following u attack analysts said said closure strait hormuz around eight mln bpd passes interests u iran said threat oil supplies would stem increase number tanker attacks part widening gulf analysts said saw u strike limited reply iranian missile attacks describing responsible analyst stockbrokers phillips drew said impressed u response u thought carefully would iranian proved action met like like response today action u said kleinwort grieveson lambert said u strike responsible retaliation u apparently indicating iran could increase iran raise level conflict chase manhattan took different view however said unable see u achieved arab states kuwait saudi arabia whose interests u defending feel less secure result u attack fear sort iranian retaliation initial upward market move morning reflected strong speculative reaction rumours u attack thought one stage iranian missile peninsula close kuwait analysts said later followed confirmation u navy attack iranian oil platform u defence secretary caspar market operators able evaluate situation gulf basis confirmed fact finding less serious first thought took profits taking prices lower analysts traders said reuter
barco directors approve buyout offer senior management
usda estimates ussr cotton crop u agriculture department forecast soviet cotton crop mln bales lbs net vs mln bales forecast last month department also estimated soviet cotton crop mln bales vs mln bales last month reuter
mason inc nd qtr net shr cts vs cts net vs revs mln vs mln avg shrs vs six mths shr cts vs cts net vs revs mln vs mln avg shrs vs reuter
nat l distillers says agrees sell spirits unit mln dlrs american brands
co operative completes acquisition co operative bancorp said completed acquisition issued outstanding stock co operative bank agreement stockholders receive dlrs cash share owned co operative bank total transaction approximately mln dlrs co operative said reuter
comerica inc rd qtr net shr dlrs vs dlrs net vs nine mths shr dlrs vs dlrs net vs assets billion vs billion deposits billion vs billion loans mln vs mln reuter
gas co raises payout qtly div cts vs cts prior pay july record june reuter
computer systems st qtr net period ended september shr cts vs cts net mln vs mln sales mln vs mln reuter
trace products merger agreement suspended trace products inc said stock swap merger agreement privately held central point software suspended indefinitely uncertainty stock market trace products manufactures tape equipment software publishers earlier agreed acquire portland ore based central point mln shares common stock reuter
haas group funds holding inc group consisting haas partners lp said received commitments senior bank financing needed complete proposed acquisition inc dlrs share cash securities total mln dlrs transaction conditioned arrangement financing today said also executed multi year employment non competition agreements five senior managers reuter
gander mountain buys western wear firm gander mountain inc said acquired privately held western cheyenne retailer catalog seller western apparel terms disclosed western sales mln dlrs year ended jan company said gander mountain sells brand name fishing outdoor gear reuter
fuel storage tanks france two people six injured tanks containing thousands cubic metres fuel today shell storage unit lyon rescue workers said broke explosion around local time gmt shell subsidiary royal dutch shell group rd fought gasoline storage unit edouard port complex appeared control night fell entire southern section lyon fire destroyed five giant tanks threatened four others shell spokesman said said company estimated six seven thousand cubic metres domestic fuel oil gasoline burned total capacity burning tanks cubic metres empty explosion started today fire added reuter
savings bank rd qtr net shr cts net vs nine mths net vs assets mln vs mln loans mln vs mln deposits mln vs mln note per share figures nine mths available bank converted stock form company april reuter
global lowers heavy fuels prices global petroleum corp said today lowered posted cargo prices number six fuel new york harbor cts barrel effective today decrease brings prices one pct sulphur dlrs cts two pct sulphur dlrs cts pct sulphur dlrs cts pct sulphur dlrs cts prices pct pct sulphur remained unchanged dlrs said reuter
jardine matheson said sets two five bonus issue replacing b shares
fleet flt shareholders approve share increase fleet financial group said shareholders approved increase shares company authorized common stock shares shares currently company said shareholders approved move annual meeting providence today company reported first quarter earnings rose mln dlrs cts share mln dlrs cts share first quarter j murray chairman president fleet financial said fleet mortgage banking activities particular continued produce income increases first quarter murray said fleet mortgage servicing portfolio reached billion dlrs march including billion dlrs purchased march reuter
j bildner sons inc year jan net shr cts vs three cts net vs sales mln vs mln avg shrs vs note net includes dlr tax credit reuter
oecd says high wage deals harming states high wage settlements countries threaten cut exports reduce international competitiveness industries organisation economic cooperation development oecd said denmark oecd said wage settlements concluded early likely contribute marked deterioration competitiveness sweden competitive position also seen risk accelerating wages oecd predicted domestic demand would come pressure tight fiscal policy denmark well norway sweden finland overall economic growth vary different countries oecd semi annual report said strong rise pct total domestic demand norway seen falling pct one pct following year denmark also expected see slump domestic demand report said growth gross domestic product gdp likely speed slightly sweden finland declining denmark norway needs try harder implement new economic strategy progress made towards sustained balanced non inflationary growth oecd said reuter
corporate software inc rd qtr net shr cts vs cts net vs revs mln vs avg shrs vs nine mths shr cts vs cts net vs revs mln vs mln avg shrs vs note includes extraordinary credit six cts per shr qtr cts per shr nine mths reuter
transamerica ta buy sedgwick l unit transamerica corp transamerica insurance co said signed definitive pact buy pct interest sedgwick group plc river insurance co transamerica buy mln newly issued class shares river dlrs per share sedgwick wil retain pct interest river property liability agreement subject shareholder approval expected close end year company said river reported net premiums written mln dlrs reuter
poehl german interest rate cut bundesbank president karl otto poehl said west germany would badly advised lower interest rates believed economy would continue recover six month asked newspaper lower interest rates could boost domestic economy poehl said would badly advised forced interest rate cuts could certain circumstances release new inflationary fears would likely lead higher interest rates added poehl said germany growth past six months mark surge cold winter since april statistics clearly show economy finds course growth said expect development continue coming months asked expectations u european community trade war poehl said event would disastrous reason europe must avoid everything used protectionist forces u added includes eliminating existing restrictions ec far possible protectionism found u reuter
cablevision systems buys stations cablevision systems corp said bought cable television systems six county n communities county cablevision associates ltd company said acquisition new systems add presence new york said add base reuter
la land du pont dd get exploration louisiana land exploration co said du pont co conoco inc subsidiary b v offered four exploration blocks offshore netherlands louisiana land said blocks q e c e b offered group conoco pct interest louisiana land pct orange pct group along consortium headed pennzoil co offered block q c offers result applications submitted ministry economic affairs netherlands sixth offshore licensing round louisiana land said conoco group intends provide formal acceptance blocks plans start exploration year company also said two q blocks immediately offset offshore blocks found commercial quantities reuter
first pennsylvania corp st qtr net shr cts vs cts net vs avg shrs mln vs mln note includes gains mln dlrs cts vs mln dlrs cts tax loss carryforwards reuter
canada february trade surplus billion dlrs canada trade surplus billion dlrs february compared upward revised mln dlrs surplus january statistics canada said january surplus originally reported mln dlrs february surplus last year mln dlrs february exports seasonally adjusted billion dlrs billion january billion february february imports billion dlrs billion january billion february reuter
cos th qtr feb net shr cts vs cts net vs sales mln vs mln avg shrs vs year shr two dlrs vs dlrs net vs sales mln vs mln avg shrs vs reuter
judge rule monday burlington bur case manhattan federal court judge said would rule monday whether grant request block dlr per share merger agreement burlington industries inc morgan group inc ms request bar merger made samjens acquisition corp partnership formed financier asher b edelman dominion textiles inc samjens made hostile dlr per share takeover bid burlington reuter
investors may take computerland public investor group agreed buy computerland corp likely take leading personal computer retailer public sell investors industry analysts said good time said joe levy international data corp personal computer industry way said earlier today closely held computerland largest pc retailing chain country said agreed bought investor group led e warburg pincus co new york neither computerland pct owned founder william h e warburg money management venture capital firm would disclose value transaction analysts estimated computerland whose stores generated billion dlrs sales last year would mln dlrs mln dlrs computerland franchise owners pay royalties averaging pct parent company officials e warburg referred questions computerland computerland officials could immediately reached comment e warburg currently manages billion dlrs venture capital funds past investments included inc newspaper chain also money manager billion dlrs management although pc retailers benefitting strong upturn pc sales analysts said computerland must make key changes fend advances rivals like inc tandy corp radio stores name game sales forces customer service customer support said levy international data relations computerland franchise owners recently forced give control company faber took chairman chief executive officer company royalty plan help much reuter
poehl says rate rises cause concern rises west german international interest rates cause concern bundesbank interest higher capital market rates bundesbank president karl otto poehl said consider interest rate increase occurred internationally problem cause concern poehl told investment conference would like stress bundesbank interest higher capital market rates said shortly poehl spoke bundesbank announced tender securities repurchase pact fixed rate pct previous tenders last month interest rate seen allocation rate facilities rise pct last week pact last fixed rate tender late september bundesbank reduction key allocation rate pct monday repeated money market liquidity pct moves cap interest rates followed meeting poehl finance minister gerhard stoltenberg u treasury secretary james baker monday frankfurt officials said afterwards three men reaffirmed commitment louvre accord currency stability weekend criticism baker tightening west german monetary policy prompted sharp fall dollar speculation louvre cooperation ended dollar rallied news monday meeting nervous trading trade marks tuesday poehl said recent rise interest rates due central bank policy markets expectations currency developments commenting inflationary expectations poehl said get problem pursue policy grounds fears inflationary fears exaggerated said poehl rebuffed recent u criticism west germany saying bundesbank made substantial contribution international cooperation interest monetary policy bundesbank money supply target criticism quarters said today still lower interest rates end quite contrary countries interest rates risen substantially poehl said taken account considering recent rises repurchase pact allocation rates due rising international money market rates german market said poehl expressed surprise financial markets far ignored improvements u deficits adjustment process u trade balance definitely underway said noting absolute figures improvement budget deficit also attracted little attention said reuter
computer research inc core nd qtr feb net shr cts vs nine cts net vs revs vs st half shr cts vs cts net vs revs vs reuter
northeast savings adopts rights plan northeast savings f said board adopted shareholder rights plan designed protect company takeover tactics bids fair plan board declared dividend one share purchase right northeast common shares held record november two company said initially rights exerciseable rights certificates distributed rights automatically trade northeast shares company said however days following acquisition pct northeast common shares shares days following commencement tender offer pct northeast shares rights become exerciseable separate rights certificates distributed company said rights entitle holders northeast common shares purchase additional shares exercise price dlrs share company said company said event certain events described rights plan holders rights acquiring person entitled acquire northeast common shares market value twice current exercise price rights also event northeast certain business combination transactions holders rights provided right acquire equity securities acquiring entity market value twice current exercise price rights company said northeast said entitled redeem rights one cent per right certain events reuter
development corp lots rd qtr net shr cts vs cts net mln vs sales mln vs mln avg shrs mln vs mln nine mths shr dlrs vs cts net mln vs mln sales mln vs mln avg shrs mln vs mln note share adjusted february two one split reuter
berisford lifts first half profit mln stg six months march shr p vs p div p vs p turnover billion vs billion interest mln vs mln pretax profit mln vs mln tax mln vs mln minorities mln vs extraordinary items mln credit vs mln debit note company name w berisford plc l reuter
make acquisition industries inc said entered definitive agreement acquire corp maker protective trucks cars undisclosed amount cash debentures retroactive september one reuter
balladur urges g respect louvre accord french finance minister edouard balladur said group seven g industrial countries respect pledges monetary policy made february louvre accord currency stability strengthen cooperation seven major industrial countries pledges made louvre told journalists simply pledges maintain currency stability also conduct certain type economic monetary policy added balladur comments came u treasury secretary james baker said sunday u would examine louvre accords light rise west german short term interest rates balladur one main louvre accord invested considerable political capital defending reuter
george wimpey profits pct mln stg year december shr p vs p div p vs p making p vs p pretax profit mln stg vs mln tax mln stg vs mln net profit mln stg vs mln turnover billion stg vs billion note full name company george wimpey plc l operating profit exceptional items mln stg vs mln exceptional mln stg vs mln operating profit mln stg vs mln share profits less losses associated companies mln stg vs mln loss interest net payable mln stg vs mln attributable minority profits mln stg vs mln extraordinary items debit mln stg vs mln credit net borrowings mln stg vs mln reuter
gibraltar buy thrift mln dlrs gibraltar financial corp said gibraltar savings unit agreed principle buy first federal savings loan mln dlrs cash company said actual price determined close based net book value may said first federal located county northeast los angeles assets mln dlrs said transaction subject definitive agreement shareholder regulatory approval reuter
boeing ba starts argosystems bid boeing co said started dlr per share tender offer shares argosystems inc announced yesterday morning newspaper advertisement company said offer withdrawal rights proration deadline expire june unless extended offer conditioned receipt minimum number shares boeing said least pct argosystems shares tendered said buy shares less pct tendered said plans buy pct offer boeing said less pct argosystems shares tendered purchase shares tendered along exercise options holds would give pct argosystems boeing may buy shares tendered argosystems granted boeing option buy new shares pct interest dlrs shareholders granted boeing option purchase shares price pct outstanding without taking company option consideration merger tender price approved argosystems board follow offer reuter
rent car system inc th qtr june end shr cts vs cts net vs revs mln vs year shr cts vs cts net vs revs mln vs mln reuter
hawkeye annual report qualified hawkeye bancorp annual financial results qualified auditors according annual report conditions may indicate company unable continue going concern auditors sells said hawkeye annual report shareholders hawkeye reported loss almost mln dlrs citing increase loan loss provision mln dlrs restructuring costs mln dlrs however hawkeye assets billion dlrs year end said expects sufficient cash meet obligations next month period last july bank holding company reached debt restructuring agreement bank subsidiaries five non bank operations disposition restructuring improved hawkeye financial condition assure hawkeye able going concern report said hawkeye depend ability comply provisions debt restructuring regulatory agreements ability return profitable operations said assurance hawkeye able meet requirements however company believes able hawkeye said reuter
hovnanian enterprises inc qtr earnings may end shr cts vs cts net vs revs mln vs mln avg shrs vs note first quarter report reuter
broker boosts zondervan stake pct investor group headed minneapolis minn broker jeffrey said raised stake zondervan corp shares pct total outstanding shares pct filing securities exchange commission group said bought zondervan common shares march april prices ranging dlrs share group acted cooperation another shareholder group headed london investor christopher moran sought unsuccessfully last year take zondervan reuter
soviet industrial output first quarter soviet industrial output first quarter year grew pct compared first three months tass news agency reported regular meeting heard march industry achieved average daily rate needed fulfil annual targets quarterly plans exceeded fuel power sector agriculture output grew pct compared period last year said plans fulfilled engineering building chemical timber sectors rail transport light industry added reuter
international consumer brands st qtr shr profit one cts vs loss three cts net profit vs loss revs mln vs reuter
marcus group inc nd qtr aug loss shr given net loss mln vs profit revs mln vs mln six mths shr loss mln vs profit mln revs mln vs mln note company recently spun carter hawley hale stores inc current year net periods includes mln dlrs pretax charges carter hawley hale restructuring reuter
kay kay acquire specialty firm kay corp said international ltd subsidiary signed letter intent acquire certain assets privately owned distributor specialty mln dlrs plus management incentives disclose kay said firm annual sales mln dlrs kay also said pursuing private placement debt securities number corporate purposes reuter
philippine telephone firm plans stock split philippine long distance telephone co pldt mn planning two one stock split pct stock dividend later year reduce excess market vice president told reuters said stock split would reduce par value company common stock five pesos said stock split would apply holders mln common shares stock record date september exercise make stock marketable said beyond reach many small investors pldt common stock surged low pesos february close trading yesterday manila stock exchange said pct stock dividend payable october would also apply stockholders record september pldt reported net income billion pesos pct mln pesos operating revenues six billion pesos billion pesos end december company stockholders pldt spokesman said company profits likely substantial since government raised franchise tax three pct two impose pct corporate income tax previously exempt government far ordered implementation tax decision pldt largest telephone companies philippines december company operation representing pct instruments country manila item philippine telephone firm plans stock split please read page first company profits likely substantially cut dropped word replaces company profits likely substantial
china open first phase large aluminium plant china major aluminium importer open first phase biggest aluminium plant october china daily said first phase plant located province annual capacity tonnes ingots half capacity finished plant turn tonnes paper said gave details construction mln yuan plant began april customs figures show china imported tonnes aluminium alloy reuter
american savings bank fsb rd qtr net shr primary dlrs vs dlrs shr diluted dlrs vs dlrs net mln vs mln nine mths shr primary dlrs vs dlrs shr diluted dlrs vs dlrs net mln vs mln assets billion vs billion loans billion vs billion note qtr nine mths includes gain dlrs mln dlrs respectively utilization net operating loss carryforward qtr nine mths includes gain dlrs mln dlrs respectively utilization net operating loss carryforward full name company american savings bank fsb new york reuter
amoco raises crude postings cts today wti dlrs
international thomson report u funds international thomson organisation ltd said report financial results u funds rather sterling beginning jan said change applied retroactively prior financial periods company said result recent investments assets located united states reuter
travelers realty income investors st qtr net shr cts vs cts qtrly div cts vs cts prior net vs note dividend payable may shareholders record april reuter
allegheny forming subsidiary allegheny western energy corp said forming subsidiary market gas smaller users west virginia company also said completed negotiations sell mln cubic feet gas per day large unspecified east coast utility interstate markets become part subsidiary operations company said reuter
japan warns u may retaliate trade dispute japan warned united states may take retaliatory measures united states imposes planned trade sanctions april senior government official said vice minister international trade industry ministry said statement japan would consider measures general agreement tariffs trade actions united states imposes pct tariffs japanese exports planned next week however said japan ready continue trade talks united states despite failure convince america call threatened tariffs two days emergency talks ended washington yesterday last month president reagan announced sanctions retaliation called japan failure honour july agreement stop dumping computer microchips markets outside united states open home market american goods said united states japan explanation efforts live pact said washington given detailed explanation planned impose tariffs reuter
sumita welcomes u west german joint confirmation louvre accord
oecd sees pct west german real gnp growth
parker toys inc rd qtr oper oper shr dlrs vs cts oper net mln vs mln revs mln vs mln nine mths oper shr dlrs vs dlrs oper net mln vs mln revs mln vs mln note rd qtr nine mths oper net excludes gains tax loss carryforwards dlrs dlrs respectively rd qtr nine mths oper net excludes tax carryforward gains dlrs dlrs respectively reuter
gencorp gy sell general tire gencorp inc continental ag hanover west germany announced signed agreement continental buy gencorp general tire inc subsidiary mln dlrs cash agreement companies said continental acquire general tire including related domestic foreign operations gencorp retain liability medical benefits retired general tire employees retired november sale expected completed november one subject meeting certain conditions continental europe second largest tire producer last year company sales billion dlrs billion dlrs generated tire operations last year general tire operating profits mln dlrs sales billion dlrs gencorp operating profits mln dlrs sales billion dlrs gencorp spokesman tilden said company retain mln dlrs liability former general tire employees agreement tilden said gencorp use proceeds sale reduce billion dlr debt april gencorp thwarted takeover partnership formed afg industries inc afg wagner brown restructuring program included purchase pct mln shares common dlrs share total billion dlrs part restructuring gencorp also said planned sell tire business bottling operations rko general inc subsidiary rko remaining broadcast properties focus company aerospace automotive components businesses tilden said gencorp expects realize mln dlrs tax proceeds end result sale several pieces assets company including general tire price paid general tire would cause us estimate said tilden general tire employs people worldwide four tire manufacturing plants u one canada william reynolds gencorp chairman said sale general tire represents critical plan restructure gencorp reynolds also said gencorp previously announced sale businesses proceeding among pieces gencorp empire remain sold rko bottling operations gencorp agreed sell rko khj tv station walt disney co dis mln dlrs deal approval federal communications commission gencorp also received dlrs tax sale rko wor tv reuter
group welcomes latest g agreement group developed nations issued communique welcoming reaffirmation paris accord currency stability group seven leading industrial democracies yesterday communique issued morning g said prospects member countries economies would improved stability exchange rates currencies g includes group seven united states canada britain japan italy west germany france plus belgium netherlands sweden also switzerland sources attended g conference morning said reference latest g agreement especially added brief communique currency stability benefit g members g met briefly international monetary fund interim committee meeting scheduled today reuter
williams details acceptances norcros offer williams holdings plc said received acceptances offer norcros plc l holders norcros ordinary shares pct preference shares pct mln stg contested bid launched last month williams held ordinary shares pct since acquired options buy mln pct offer extended april norcros shares eased p p announcement williams fell p p reuter
spie batignolles could increase comstock holding construction group spie batignolles negotiating increase holding u engineering electrical installations firm comstock spie batignolles subsidiary schneider sa pa said statement negotiating invest mln dlrs comstock form bonds convertible shares spie batignolles held pct stake comstock since february spokesman said spie batignolles converted new bonds could open way french company take control comstock gave details reuter
northair opposing bid northair mines ltd said would oppose quest resources inc earlier reported proposed takeover bid every means disposal saying attempt property intelligence shareholders said quest offer swap one quest share plus one dlr two northair shares would seriously dilute northair equity mine british columbia company sound financial position production financing readily arranged required looking partner certainly northair said reuter
dallas corp dls rd qtr net shr cts vs cts net vs sales mln vs mln nine mths shr cts vs cts net vs sales mln vs mln reuter
saudi rates rise bahrain banks caught short saudi riyal interest rates rose bahrain based banks cover short positions dealers said several bahrain banks lending fixed periods borrowing short dates today found day day money short supply dealers said everybody stuck spot next one trader said spot next rose high six pct five pct yesterday borrowing interest periods one month rising around pct pct yesterday three months edged around pct pct six months quoted touch firmer banks seven pct commercial banks quoted spot riyal dollar yesterday reuter
fifth third merge c h fifth third bancorp c h bancorp said reached preliminary agreement merge c h bancorp assets mln dlrs parent company citizens heritage bank n companies said agreement calls one mln shares c h bancorp exchanged one share fifth third bancorp based financial expectations fifth third said dilution per share earnings merger negligible reuter
acme precision buyout bid dropped acme precision products inc said management group withdrawn six dlr per share leveraged buyout offer acme said management group dropped bid due continued weakness machine tool industry acme precision operating results inability management group obtain modifications terms financing commitment said effect factors led management group conclude six dlr per share price excessive current conditions reuter
travelers real estate rd qtr net shr cts vs cts net vs revs vs nine mths shr cts vs cts net vs revs vs note full name travelers real estate investment trust reuter
chrysler c non profit group sells unit chrysler corp chrysler motors corp said chrysler training corp non profit organization sold name assets auto body shop e corp troy mich sale price disclosed internal revenue service code proceeds sale must donated another tax exempt organization chrysler reveal name group received proceeds reuter
national semiconductor corp fourth quarter shr profit six cents vs loss net profit mln dlrs vs loss mln sales mln vs mln avg shrs mln vs mln year shr loss cents vs loss dlrs net loss mln dlrs vs loss mln sales billion vs billion avg shrs mln vs mln note current year figure includes previously announced mln dlr restructuring charge figures include extraordinary credit tax benefit mln dlrs quarter vs mln year earlier mln year vs mln year earlier year net reflects mln dlr gain cumulative effect accounting change reuter
uk intervention says ec sold tonnes white sugar rebate ecus
industries inc st qtr net oper shr eight cts vs two cts oper net vs sales mn vs mln note current qtr figures exclude loss discontinued operations dlrs two cts per share vs loss dlrs four cts per share reuter
line inc sign st qtr net shr cts vs cts net vs sales mln vs reuter
wtc shareholders approve pittston buyout pittston co said wtc international n v shareholders approved acquisition company pittston terms transaction call pittston exchange common shares outstanding wtc share pittston said wtc engaged domestic international air freight ocean surface freight consolidation distribution services reuter
inc declares dividend qtly div cts vs cts prior pay june record may reuter
st gobain unit issues ecu bond gold warrants st gobain netherlands guaranteed cie de st gobain issuing mln ecu bond gold warrants attached due may carrying pct coupon priced par lead manager salomon brothers international ltd said fees comprise pct selling concession pct management underwriting combined listing luxembourg ecu bond carries one gold warrant exercisable may may entitling holder purchase one ounce exercise price dlrs reuter
shearson lehman brothers holdings rd qtr shr cts net mln dlrs vs mln dlrs revs billion vs billion nine mths shr dlrs net mln vs mln revs billion vs billion note full name shearson lehman brothers holdings inc company went public may reuter
borg warner agrees buyout merrill lynch firm borg warner bor corp facing unwanted offer gaf corp gaf agreed billion dlr buyout offer company formed merrill lynch capital partners inc borg warner merrill said yesterday entered definitive merger agreement subsidiary new company holdings corp begin dlr per share cash tender offer today mln shares pct borg warner common stock offer followed merger remaining share converted dlrs cash dlrs principal amount holdings junior subordinated discount debentures result merger borg warner become wholly owned subsidiary holdings borg warner spokeswoman said members management plan participate transaction retain positions company spokesman gaf unavailable comment gaf holds pct borg warner shares gaf said would offer dlrs per share borg warner spokeswoman said company still plans sell financial services unit includes wells fargo security corp credit rating service borg warner focus takeover speculation year corporate raider irwin jacobs last year proposed takeover firm recently held pct stock following gaf offer analysts calculated breakup values company low dlrs per share range speculated offer would sweetened statement borg warner said board endorsed merrill offer recommended shareholders tender shares board received opinions offer advisors first boston corp goldman sachs co james president merrill lynch capital partners said pleased entered transaction borg warner looking forward working employees borg warner borg warner maintaining strong presence chicago community merrill lynch dealer manager offer expires midnight edt may gmt may subject conditions including completion necessary financing arrangements offer also subject minimum mln shares pct outstanding shares tendered merrill lynch certain affiliates committed provide mln dlrs holdings equity mln subordinated financing forward underwriting commitments merrill lynch said following discussions commercial banks confident obtain rest financing required complete transaction junior subordinated discount debentures issued merger carry pct coupon begin paying cash interest five years debentures redeemable company option first six years pct seventh year pct pct principal amount junior subordinated discount debentures maturity years entitled sinking fund th year designed retire pct issue maturity borg warner also redeem outstanding dlrs cumulative preferred stock series dlrs per share holders wish participate offer must first convert preferred stock borg warner common stock board borg warner also taken steps redeem poison pill share purchase rights five cents per right effective immediately reuter
dome dmp benefits takeover speculation shares dome petroleum ltd posted biggest gain months u canada stock markets foresaw takeover tug war beginning debt heavy company dome rose american stock exchange gained cents canadian dlrs toronto stock exchange active stock rose high dlrs toronto day recent months dome normally moved cents per day transcanada pipelines yesterday announced billion dlr canadian billion u bid dome assets dome based calgary alberta said also still talking two companies identify market analysts today said two firms believed foreign oil companies noting transcanada yesterday stressed bid canadian solution financial difficulties dome petroleum talk conoco controlled dupont dd atlantic richfield co arc sold canadian interest could getting back said wilf gobert peters co ltd david bryson lawson co also noted british petroleum plc bp mentioned possible buyer despite bp u dlr per share bid two weeks ago percent standard oil co srd already calgary based independent analyst james said recent reports amoco corp also talks dome representatives atlantic richfield british petroleum conoco amoco immediately available comment gobert characterized market action dome today optimistic given transcanada offer give current dome shareholders stock new subsidiary valued dlrs canadian per common share offer current dome common preferred shareholders would pct new subsidiary would operate dome former assets transcanada would pct however bryson said market may looking potential shares publicly traded subsidiary transcanada offer quite bit upside potential dome said gobert said believes transcanada offer upper end thought would pay dome transcanada proposal would pay dome creditors billion canadian dlrs billion u dlrs another one billion canadian dlrs mln u dlrs available secured creditors dome subsidiary earns profits certain level transcanada would detail profit level dome currently seeking restructure six billion canadian dlrs billion u dlrs debt took several years ago oil prices high company wanted expand speculation dome assets capable supporting debt three four billion dlrs basis transcanada offer would upper end gobert said dome debt often fact major player canadian oil gas field holds reserves mln barrels crude oil billion cubic feet natural gas company also owns interest mln acres oil gas exploration land province alberta heart canada oil industry dome owns interest total mln acres land across canada company also tax credits billion dlrs canadian billion dlrs u reported loss billion dlrs billion dlrs u believed largest ever canadian company reuter
grounded british bauxite vessel british bulk carrier envoy ran river october without october lloyds shipping intelligence service said envoy tonnes dw carrying cargo tonnes bauxite brazil cuba reuter
belgian one day strike hits transport shipping hour strike belgian public employees protesting government pay offer disrupted transport hit ferry services shipping port union officials said cross channel ferry services cancelled local news agency said port authority spokesman said came support reducing ship movements unions said major belgian ports also hit running early morning flights belgian national airline cancelled reuter
oil gas ltd year net shr cts vs cts net vs revs vs reuter
british telecom raises profit pct year end march shr p pct rise div p making p vs vs p turnover billion pct increase operating profit billion pct increase pretax profit billion pct rise fourth quarter turnover billion pct rise operating profit mln pct increase pretax profit mln pct rise reuter
john h co st qtr net shr cts vs cts net mln vs revs mln vs mln reuter
philip crosby makes acquisition philip crosby associates inc said agreed acquire process inc dallas computer software designer undisclosed terms said process software companies monitor industrial processes problems recommends solutions reuter
new jersey investor buys pct new jersey investor joseph told securities exchange commission holds pct shares corp said plans change company bought shares believed stock undervalued would rise next six months reuter
pentagon information iran attack rumors u defense department spokesman said information london oil stock market rumors united states launched retaliatory strike iran attack friday damaged u anything major said information president reagan said sunday already made decision u response friday iran attack would say decision defense secretary caspar weinberger said saturday attack u ship kuwaiti waters friday almost certainly iran silkworm missile rumors london markets united states launched offshore strike iranian missile installations reuter
ec annual inflation falls may european community annual inflation rate fell marginally pct may pct april ec statistics office eurostat said prices nation bloc rose pct may pct april annual rate stayed u second month following release figures showing u inflation pct april may however eurostat said ec still japan prices provisionally pct lower may year earlier reuter
u card international inc st qtr shr cts vs cts net mln vs mln revs mln vs mln note net includes seven cts mln dlrs tax loss carryforward reuter
tdk group net pct nine months nine months ended august group shr yen vs yen group shr per vs net billion vs billion pretax billion vs billion sales billion vs billion company full name tdk corp tdk reuter
bundesbank schlesinger says plan cut discount rate newspaper
chase acquires mln dlr revolving credit chase manhattan bank unit chase manhattan corp cmb said acquired portfolio consumer revolving credit accounts atlantic financial federal valued mln dlrs company said acquisition makes chase second largest issuer credit card unsecured consumer credit loans exceed billion dlrs company said company said portfolio checks similar chase advantage credit product reuter
court bank building self tender bank building equipment corp america said delaware chancery court denied stockholder request preliminary injunction offer bank building stock made company employee stock ownership plan trust bank building said joint offer shares bank building stock dlrs share offer scheduled expire midnight edt june bank building also said board set july date company annual meeting record date july six reuter
philippine inflation predicted rise philippine inflation rate rise pct pct government employers association recommendation pct increase peso minimum daily wage month economic planning secretary monsod said government proposal across board daily pay rise six pesos non agricultural workers eight pesos agriculture workers would push full year average higher pct told senate last week pct rise minimum wage recommended employers confederation philippines proposal would push year year inflation rate pct december compared predicted pct government recommendation implemented said proposed last month annual inflation forecast four pct national economic development authority early month first three months year inflation negative pct respectively rising pct april may june national statistics office said annual inflation rate rose pct june pct july pct august september respectively national statistics office said attributed acceleration higher fuel water prices government six eight peso wage increases would workers monsod said bringing number unemployed mln pct population reuter
crazy eddie crzy may make acquisition crazy eddie inc said negotiating possible acquisition distributors ltd operates crazy eddie record tape crazy eddie stores said acquisition would probably also include affiliate disc inc operates number record tape stores new york metropolitan area details disclosed reuter
inc rd qtr march net shr cts vs cts net vs sales mln vs mln nine mths shr dlrs vs dlrs net vs sales mln vs mln note current qtr nine mth net include dlr gain asset sales prior nine mth net includes mln dlr asset sale gain reuter
martin marietta ml rd qtr net shr dlrs vs cts net mln vs mln revs billion vs billion nine mths shr dlrs vs dlrs net mln vs mln revs billion vs billion note rd qtr nine mths includes one time tax charge mln dlrs cts share previously announced anticipated sale fourth quarter investment equatorial communications co amounts restated increasing net four cts share change pension expense accounting backlog september billion dlrs company said record reuter
u trust corp st qtr net shr primary cts vs cts shr diluted cts vs cts net vs avg assets billion vs billion deposits billion vs billion reuter
carson pirie start proxy carson pirie scott co said plans start proxy materials stockholders connection november special meeting holders asked consider previously announced agreement greyhound corp g agreement greyhound acquire merger three company foodservice operations international services houses carson international transaction approved said stockholders receive dlrs cash one share common new carson pirie scott co share held reuter
west texas cotton crop storm west texas cotton crop largely isolated region last night force winds crop weather experts said might isolated certainly nothing damaging said charles extension agricultural extension service far west texas rumors damaging storm west texas helped new york cotton futures market rally sharply morning cotton december delivery cents higher cents lb morning cents happened storm hit airport happens everybody sees said dale senior weather inc heart west texas cotton region produces pct state crop storm produced winds mph force isolated small portion west texas area probably less five pct said doubt damage hit july august would underway would worse said pct west texas cotton crop planted remainder could done weekend weather remains hot dry said west texas since mid week degrees hot spell needed far heavier normal rainfall several weeks said reuter
go round sets stock split go round enterprises inc said board declared three two stock split payable may one holders record april reuter
wall corp three mths net shr five cts vs one ct net vs revs mln vs mln note period ended april reuter
keycorp key rd qtr net shr cts vs cts net mln vs mln avg shrs mln vs mln nine mths shr dlrs vs dlrs net mln vs mln avg shrs mln vs mln note previously amounts restated earnings first northwest bancorp acquired pooling interests july reuter
marathon raises crude oil postings cts bbl wti dlrs
japan concerned ec trade threats minister japan disappointed recent threats trade retaliation european community ec trade situation two improving japanese trade industry minister hajime tamura said deeply concerned ec moved take line toward japan despite tangible improvement said speech prepared delivery opening new centre designed improve understanding two sides last week foreign ministers ec nations agreed impose tariffs range unspecified japanese electrical goods unless tokyo opened markets ec exports tamura referred pct rise japanese imports ec manufactured goods year ended march feel strong step road balance expansion deny existence trade deficit japan ec believe reducing trade import restrictions export restraints expanding overall trade tamura said reuter
texaco tx unit raises crude oil prices texaco inc said raised contract price pay grades crude oil cts barrel effective october company said increase brings posting u benchmark grade west texas intermediate dlrs barrel west texas sour light louisiana sweet grades also raised cts dlrs barrel respectively texaco last changed crude oil postings september reuter
albany international corp rd qtr net shr cts vs cts net vs revs mln vs mln nine mths shr cts vs cts net mln vs revs mln vs mln avg shrs mln vs mln reuter
services inc rd qtr net shr cts vs cts net mln vs mln revs mln vs mln avg shrs vs nine months shr cts vs cts net mln vs mln revs billion vs billion avg shrs vs note results include september acquisiton inc reuter
lsi lighting systems inc st qtr net qtr ends september shr cts vs cts net vs revs vs reuter
house panel wants pentagon manage u stockpile house armed services committee voted transfer management stockpiled materials national defense u defense secretary committee also voted legally binding quantity quality requirements materials mostly metals measures part defense authorization bill voted house next month purpose measures passed committee yesterday improve stockpile management discourage sell offs materials could strategic needs staff member committee told reuters stockpiles stand gain managed properly said management stockpile last years responsibility stockpile management belongs white house agency federal emergency management agency said measures passed committee secretary defense would influence decisions keep sell strategic stockpile materials administration proposed goal million dlrs worth strategic materials held stockpile stockpile contains around billion dlrs materials said several agencies currently helped manage stockpile decide much sell help deficit agencies included office management budget departments interior commerce said committee believed shared involvement stockpile management counter productive said reuter
soviet union sets pct industrial output growth soviet planning chief talyzin told supreme soviet parliament industrial output planned rise pct planned pct first nine months year industrial output rose pct talyzin said national income soviet equivalent gross national product planned rise pct planned pct year said grain production planned mln tonnes compared planned mln year soviet union produced mln tonnes grain soviet press said heavy rain affected harvest year talyzin said soviet plan stressed engineering industry kremlin leader mikhail gorbachev described sector rapid essential soviet union compete effectively world markets certain difficulties arisen year machine building industry economy receiving considerable amount equipment requires said talyzin heads state planning committee soviet data show machine building industry makes machine tools instruments engineering goods increased output pct first nine months year period well pct rise planned industry talyzin said ruling concluded recent meeting improvement economic performance depended large extent resources better large scale measures planned save resources said finance minister told supreme soviet defence spending would total billion roubles announced last year talyzin said kremlin also decided increase spending next year medical services education pensions social insurance schemes said state expenditures fields would reach billion roubles billion roubles originally envisaged five year plan reuter
corp rd qtr net periods end sept shr cts vs cts net vs sales mln vs mln weeks shr cts vs cts net vs sales mln vs mln reuter
scrap crepe rubber prices colombo auction scrap crepe prices firmed good demand colombo rubber auction brokers said one x brown traded rupees per kg cents last rates grades also showed improvements rise attributed shortage rubber available manufacture type latex crepe prices unchanged best one x selling rupees crepe one traded crepe two rupees sheet firm previous weeks averaging rupees previously total quantity rubber offered sale tonnes reuter
archer daniels denies rumor archer daniels midland co denied report interested acquiring international minerals chemical corp interest international minerals divisions spokesman told reuters usa today reported archer daniels midland might seeking hostile takeover international minerals reuter
financial corp st qtr net oper shr cts vs given oper net vs note net excludes dlr gain termination pension plan company went public august reuter
slater electric inc st qtr feb net shr four cts vs cts net vs sales mln vs reuter
standard commercial th qtr net qtr ended march shr cts vs cts net vs revs mln vs mln year shr dlrs vs dlrs net mln vs mln revs mln vs mln note full name standard commercial tobacco co latest qtr year includes tax loss carryforwards dlrs dlrs respectively loss dlrs discontinued operation qtr year includes tax loss carryforwards dlrs dlrs respectively reuter
compaq expects higher first quarter net compaq computer corp said expects sales earnings first quarter higher analysts expectations due strong demand products rod president chief executive officer compaq said expects sales mln dlrs period ending march analysts estimates mln dlrs added earnings per share would exceed analysts estimates high cts share compaq reported earnings mln dlrs cts share sales mln dlrs first quarter company said demand iii new compaq contribute sales increase initial demand recently introduced compaq iii new models compaq exceeds compaq personal computers said saw continued demand personal computers across quarter march particularly strong month reuter
allegheny ai sells three industrial units allegheny international inc said sold three industrial units served railroad industry railway products inc senior management group allegheny terms transaction disclosed included sale railway products true railway appliances inc allegheny co company said three units include plants throughout u company said reuter
northgate quebec gold workers end strike northgate exploration ltd said paid workers two quebec mines voted weekend accept new three year contract offer returned work today one month strike said workers represented united steelworkers america would receive dlr hour pay raise life new contract improved benefits northgate produced ounces gold first quarter said strike slowed production still looking forward satisfactory performance mines produced ounces gold last year reuter
system software completes acquisition system software associates inc said completed previously announced acquisition pty ltd cash small amount stock sydney australia full service software sales services firm reuter
burmah oil profit mln stg year shr p vs p final div p making p vs p pre tax profit mln stg vs mln net profit minorities mln vs mln turnover net duties billion stg vs billion minorities stg vs extraordinary debit mln vs mln note company full name burmah oil co plc l reuter
atlantis group tells sec seeks negotiated purchase charter crellin
allegheny corp rd qtr net shr cts vs given net vs given revs mln vs mln nine mths shr dlrs vs given net mln vs given revs mln vs mln note year ago per share net income available company december became new reporting entity financial reporting purposes reuter
united telecom ut reports us sprint loss united telecommunications inc said lower first quarter earnings included loss dlrs equity us sprint us sprint formed july partnership combined united telecommunications long distance voice data operations gte corp gte earlier united telecommunications reported first quarter earnings mln dlrs cts share compared mln dlrs cts share year ago revenues declined mln dlrs mln dlrs united telecommunications said transition us sprint nationwide network proceeding ahead schedule said transition fiber network interim networks would reduce operating costs second half also assist controlling network use reuter
corp sell unit cubic corp said agreed principle sell stock automatic toll systems inc subsidiary cubic corp mln dlrs company said would retain automatic toll assets worth nine mln dlrs dispose time company said completion transaction subject approval boards banks expiration hart scott rodino waiting period reuter
marathon raised crude posted prices cts barrel effective october
corp nd qtr may three net oper shr nil vs profit one ct oper net profit vs profit revs vs six mths oper shr loss nine cts vs profit seven cts oper net loss vs profit dlrs revs dlrs vs mln note qtr six mths excludes loss dlrs dlrs respectively loss discontinued operations reuter
smuggling blamed closure haitian sugar firm sugar mill nation second largest employer closed doors yesterday saying run business sugar miami neighbouring dominican republic closure haitian american sugar company hasco idle employees affect many small sugar cane planters regions around capital company said unprecedented ever growing smuggling hasco cannot continue accept delivery sugar cane april mill warned planters earlier week since president jean haiti months ago smuggling basic goods cooking oil flour rice sugar milk lowered consumer prices several local manufacturers hundreds thousands work hasco compound faced workers lined receive last pay spokesman rigaud showed warehouse estimated pound kg bags sugar closing huge stock sugar money left continue operations rigaud said said company owed mln dlrs borrowed additional mln dlrs order pay workers rigaud blamed mill problems order two years ago hasco refining sugar said government began importing refined sugar world market prices huge profit provisional military government replaced last year continued policy smuggling even state compete dominican refined sugar rigaud said hasco workers earned dlrs daily considerably usual minimum wage three dlrs generally estimated every employed haitian supports least six people rigaud said hasco closing minimum would affect people laid workers bitter closure dead government causing us declared felix five reuter
ibc seeks export details set coffee quotas brazilian coffee institute ibc given shippers close business thursday submit details past export performance order individual quotas allocated ibc spokesman said told reuters ibc president jorio dauster confirmed acceptance national coffee policy council proposals establish individual export quotas based pct export performance pct stocks pct auction shippers choose best period consecutive months april september used calculating export portion ibc total figures calculate shippers participation use basis allocation individual quotas ibc spokesman said said ibc already settled sao paulo mercantile exchange auction system operate shippers bid premium contribution quota payable coffee exports bidder add premium contribution quota export sales declaration form auctions start opening export registrations spokesman could say might trade sources said announcement could come end week opening monday meeting set tomorrow brasilia export marketing committee establish system pct export quotas based stock levels spokesman added system individual export quotas brazil previous system abandoned ensure shipments kept line country ico quota reuter
champion home sells two properties champion home builders inc said sold commerce meadows site manufactured housing rental community commerce michigan pre tax gain dlrs site community beach florida nominal pre tax gain company said sales proceeds partly used reduce debt said shifting focus away development communities requiring significant equity lengthy projected life company also said along local investors acquire acre meadows toledo ohio area development home sites three acres commercial land terms transactions parties involved disclosed reuter
independent bank corp st qtr net shr cts vs shr cts net vs reuter
u k lenders offer fixed rate mortgages u k lenders offering fixed interest rate mortgages borrower makes monthly payment matter happens interest rates mortgage rates lowest levels years loans eager home buyers trying lock cheap money decision offer fixed rate loans industry officials said reflects increasingly competitive nature home mortgage business fixed rate mortgages u k mainstay business u years ago early interest rates soared u lenders mostly savings loan associations earning rates low three pct year fixed rate mortgages held portfolios pay depositors rates high pct retain accounts result hundreds institutions collapsed forced merge decided offer mortgages whose rates would move line cost funds much example u thrifts mind said spokesman national building society explaining institution time offering variable rate mortgages advertising solicit new business helped become even loans lenders forced undercut still sharp cuts variable rate mortgages announced earlier week nation two largest building societies national westminster bank plc reflect growing competition new business officials three institutions said fixed rate mortgages offer carry interest rates even variable rate loans course less profitable variable rate mortgages said spokesman midland bank plc earlier year said earmarked mln dlrs fixed rate new mortgage loans said bank willing offer less profitable loans another way attract people mortgage product trustee savings bank plc offering five year fixed rate mortgages pct earlier year mln stg set aside loans within days according spokeswoman everybody pct mortgage said noting within five days bank equivalent pct volume short appeal fixed rate mortgages offer opportunity direction interest rates interest rates fall mortgage made lender earning average return assets interest rates rise benefit cheap money household mortgage co planned offer year fixed rate mortgage june elections assumption conservative party victory would help money market rates fall according young managing director young explained company planned protect chance rising interest rates buying complicated hedging instrument money market rates risen contrary expectations company plans time said money market rates high arrange mortgages hedge profitably however said household mortgage co make fixed rate mortgages likely means different mortgages together bond selling investor technical reasons efficient fixed rate rather floating rate mortgages u fixed rate mortgages popular provided bulk mortgage money past years reuter
group sells stake ccx inc ccx shareholder group including far hills n j attorney natalie koether said reduced stake ccx inc common stock shares less one pct company common stock outstanding previous stake ten pct filing securities exchange commission group said sold ccx common shares october four dlrs share group gave reason sales reuter
southam inc st qtr net oper shr cts vs cts oper net mln vs mln revs mln vs mln note net excludes extraordinary gain mln dlrs five cts shr sale surplus property reuter
edelman group committed telex bid tlx partners group led asher edelman see problems dlr per share bid telex corp shearson lehman official advising group said several takeover proposals following declines financial markets leading speculation edelman might also drop offer telex fell earlier today carl icahn dropped bid take trans world airlines inc twa private dart group corp darta said abandoned plans acquire dayton hudson corp dh cited market conditions nothing fundamental changed company stock price changed company changed reason us change said daniel good head shearson lehman merchant banking things proceeding planned fully expect time pay shares financing place good said shearson agreed provide bridge financing mln dlrs edelman group reuter
wells fargo co wfc st qtr net shr dlrs vs dlrs net mln vs mln avg shrs vs loans billion vs billion deposits billion vs billion assets billion vs billion reuter
final test inc th qtr loss shr loss six cts vs loss cts net loss vs loss revs vs year shr profit six cts vs loss dlrs net profit vs loss revs vs reuter
reagan seeks romania trade concession president reagan called continued treatment exports united states face congressional opposition government record human rights white house statement said reagan decision press continuation called favored nation mfn status romania exceptionally difficult came options seriously considered statement said despite concerns human rights government president decided continued helped stimulate romania gave united states influence human rights practices statement issued reagan sent congress requests one year extensions mfn romania hungary china house representatives attached trade bill legislation would temporarily deny mfn romania pending certification reagan country made progress human rights controversy continuation mfn hungary china reuter
bellsouth corp rd qtr net shr cts vs cts net mln vs mln revs billion vs billion nine mths shr dlrs vs dlrs net billion vs billion revs billion vs billion avg shrs mln vs mln note share adjusted three two stock split february reuter
norway current account deficit norway current account showed billion crown deficit first seven months billion crown deficit year ago period central bureau statistics said north sea oil gas revenues rose pct billion crowns january july period compared billion first seven months reuter
fhlbb changes short term discount note rates federal home loan bank board adjusted rates short term discount notes follows maturity new rate old rate maturity days pct pct days days pct pct days days pct pct days days pct pct days days pct pct days reuter
frontier insurance group inc th qtr net oper shr cts vs six cts oper net vs revs vs avg shrs vs year oper shr cts vs cts oper net vs revs mln vs mln avg shrs vs note net excludes investment gain four cts shr vs loss six cts quarter gain five cts vs loss six cts year reuter
ec u remain divided pasta dispute top level talks last week european community ec united states failed resolve dispute pasta may provoke new trade next month diplomatic sources said u insists ec regards ruling world trade body gatt export subsidy system led italy taking increasing share u pasta market sources said ec currently provides subsidies around cents pound offered compromise last week talks brussels rejected u u assistant special trade representative jim murphy returned washington ahead july deadline agreement set last august two sides resolved related dispute ec restrictions u citrus imports diplomatic sources said citrus issue could reopened pasta dispute solved quickly also possible u would pct tariff ec pasta lifted citrus row settled two sides may agree extend deadline days ec commissioners willy de clercq frans andriessen due visit washington july reuter
national beverage acquire faygo beverages national beverage corp said agreed acquire faygo beverages inc undisclosed amount cash faygo revenues excess mln dlrs national beverage said reuter
texas air tex unit completes system sale texas air corp eastern airlines said completed previously announced plan sell travel agency automation system direct access inc computer communications support unit automation systems inc corp wholly owned subsidiary texas air corp reuter
texas eastern tex unit files new rates gas transmission co unit texas eastern corp said filed federal energy regulatory commission approval new rate schedules said also filed proposed service agreements firm transportation service said filing would allow customers move available spot gas supplies price competitive markets reuter
fed says u discount window borrowings mln dlrs april week
merge united insurance unit corp said agreed merger wholly owned subsidiary united insurance co america agreement outstanding share common stock converted one share united common stock agreement subject shareholder regulatory approval inc owns pct outstanding shares shareholder meeting expected held august reuter
argentine grain belt weather report argentine grain belt temperatures rain mm hours gmt rainfall bahia santa santa fe reuter
adams russell acquire cable systems adams russell co inc said agreed acquire cable television systems serving customers new york state communications inc undisclosed terms adams russell said systems operate andover willing penn n reuter
malaysian rubber output wintering malaysian rubber production return normal levels month hard wintering season malaysian rubber exchange licensing board said latest review expect production recover normal levels june sellers remain reserved near future review dated may said many consumers holding waiting best time buy market approaching summer industrial countries air uncertainty beyond july said gave figures output drop reuter
idc services agrees acquired dlrs share apollo partners group
poehl looks set eight years bundesbank currency dealers karl otto poehl speculators bankers man played key role world financial last seven years germans guardian mark president powerful independent west german central bank bundesbank poehl likely contract renewed another eight years expires end year government officials say index economic see page official announcement yet made raising west germany business community poehl spent seven years bonn top ministerial posts social democrats opposition moved bundesbank speculation chancellor helmut kohl would try replace poehl man closer christian democrats officials noted poehl worked closely successfully finance minister gerhard stoltenberg since kohl government took office poehl senior central banker apart paul volcker united states enjoys strong international reputation would take years build given circumstances kohl probably poehl past adviser former social democrat chancellor willy top aide helmut schmidt finance minister bankers said schmidt chancellor appointed poehl present job recent months mark strong rise dollar poehl made exchange rates central concern bundesbank council highly conservative institution pursued monetary policies prevent inflation hold older germans two inflation century consumer prices falling much inflation negligible far year poehl thinks safe relax monetary little concentrate dangers german economy exchange rate opinion efforts stabilise dollar mark rate reached high priority also bundesbank massive revaluation mark would endanger economy west germany told business journalists frankfurt recently head research citibank ag says poehl would guarantee flexible monetary policy poehl policy always policy focus domestic factors also external economy said economist german bank declined identified said poehl confirmed post certainly plus course oriented towards money supply one poehl great recently persuade united states stop talking dollar poehl significance february louvre accord united states agreed join efforts stabilise currencies louvre accord currency dealers said would soon put test fact dollar relatively stable since pact markets know perhaps know central banks poehl says intervention currency markets quickly turn rates round making position poehl worked financial starting ministerial relaxed sun figure enjoys glass beer hardly central banker also keen watch play poehl says currency market intervention cannot substitute correct economic policies exchange rates achieve enormous effect small amount strike right moment said bundesbank dealers professional many people said unlike speculators poehl notes bundesbank dealers usually make profit reuter
computer inc rd qtr net shr cts vs cts net vs revs mln vs mln nine mths shr cts vs cts net mln vs revs mln vs mln reuter
digital communications buys fox unit digital communications associates inc said agreed fox technology inc buy fox research inc unit cash payment assumption liabilities around mln dlrs company said part agreement includes payment additional mln dlrs based performance unit year following closing company said deal expected closed mid august fox research develops makes markets local area networks personal computers reuter
step saver says warrant exercised step saver data systems inc said richards corp exercised warrant buy step saver shares two dlrs said warrants issued underwriter initial public offering exercised march aggregate dlrs reuter
industries inc fit st qtr feb net shr cts vs cts net vs revs mln vs mln reuter
treasury baker says floating exchange rate system needs greater stability
precision target marketing th qtr net qtr ended april shr profit one ct vs loss three cts net profit vs loss revs vs year shr profit four cts vs loss cts net profit vs loss revs vs note full name precision target marketing inc latest year quarter includes extraordinary gains dlrs three cts share dlrs one ct share reuter
kraft kra completes buy quaker oat unit kraft inc said completed previously announced acquisition anderson clayton foods division quaker oats co mln dlrs cash reuter
acquire computer trade development industries inc said agreed principle acquire unlisted computer trade development corp exchange mln shares common stock company said mln shares outstanding said computer trade revenues mln dlrs last year reuter
atlantic richfield arc unit buys technology atlantic richfield co said acquired exclusive worldwide rights methyl technology texas eastern corp group affiliate undisclosed terms company said technology allow introduce efficient way making methyl liquid used make resins sheet coatings molded parts products plastic impact arco said reviewing options technology reuter
burnham service corp rd qtr net shr cts vs cts net vs revs mln vs mln nine mths shr dlrs vs cts net vs revs mln vs mln reuter
marcade group inc mar st qtr may net shr four cts vs cts shr diluted two cts vs cts net vs revs mln vs mln avg shrs vs avg shrs diluted vs reuter
japan money growth stay pct official growth japan plus certificates deposit cd money supply october december period expected accelerate remain high levels pct senior bank japan official said central bank keep watch high growth liquidity factor may cause rises prices goods said september growth pct year year announced earlier today taken implying money supply started expand rapidly said august rate increase pct reuter
management cannot raise funding international inc said suspended plan sell international business group business top managers group failed obtain satisfactory financing company also said still intends pursue new corporate direction exploring acquisition alternatives reuter
phillips petroleum p raises crude postings phillips petroleum co said raised crude oil posted prices west texas intermediate west texas sour cts barrel effective june company said new posted price wti dlrs barrel increase reaction sun co raising postings similarly yesterday reuter
co rd qtr net shr cts vs cts net vs sales mln vs mln nine mths shr dlrs vs dlrs net vs sales mln vs mln reuter
south korea change policies avert trade war south korea decided major changes trade investment finance policies aimed reducing growth balance payments surplus avoiding trade war united states deputy prime minister kim said kim told reporters excessively fast rise exports could make south korea exports increase produce trade friction policy shift means abandoning seoul goal rapidly reducing foreign debt worked series ministerial meetings kim also economic planning minister said current account surplus previously expected exceed eight billion dlrs year would held five billion dlrs increasing imports accelerating market liberalisation exports said seoul would try limit current account surplus around five billion dlrs year next years although trade volume would continue grow gradually reduce ratio surplus gnp gross national product current five pct level three pct added aide kim said south korea foreign debt expected fall billion dlrs end initial forecast billion billion dlrs end policy changes debt expected remain billion dlrs although could still lower originally projected billion dlrs said policy change announced two days scheduled arrival u commerce secretary malcolm baldrige talks trade minister rha woong bae south korea u pressure reduce bilateral trade surplus rose billion dlrs last year billion dlrs kim said policy changes also prompted swing south korea current account surplus billion dlrs first quarter deficit mln dlrs period first quarter exports rose pct billion dlrs government would make foreign currency loans worth billion dlrs firms willing import capital goods raw materials equipment u said foreign currency based loans carry interest points libor london interbank offered rate considerable incentives given increase imports said said loans would foreign currency means could become interest free loans korean currency continues rise value said said south korean would revalued dollar gradually added believe rapid one shot changes value fixed dollar today risen six pct dollar since beginning reuter
chicken main salmonella cause official says representative poultry industry said statistics showed chicken less frequently cause salmonella poisoning beef dairy products mixed foods kenneth may president holly farms poultry industries director national council told house agriculture subcommittee salmonella chicken increased recent years chicken neither major source poisoning cause increase disease may said center disease control figures showed chicken involved four pct u beef accounted ten pct dairy products six pct may said remaining caused mixed food turkey pork eggs foods may said chicken industry favored moving away bird bird inspection procedures risk assessment system better able identify poultry however haas executive director public voice food health policy said bird bird inspection retained labels attached ready cook chicken consumers preparation procedures necessary avoid haas also called review present chicken industry inspection methods said worsen poultry reuter
group buys companies groupe inc said agreed buy two quebec construction ltd transport cie ltd mln dlrs said two companies operate construction material hardware sectors sales mln dlrs last year reuter
deficit cuts seen unable trade deficit financial analysts say pleased congressional moves trim next year federal budget deficit believe actions little help improve u trade deficit economy house representatives expected vote tomorrow approve trillion dollar budget coming fiscal year reduces deficit billion dlrs similarly senate budget committee approved plan would cut federal red ink billion dlrs next year terms economy billion dlrs cuts magnitude little impact economy trade deficit said stanley ross federal budget policy analyst best small positive effect said interview federal reserve board chairman paul volcker repeatedly told congress cutting federal red ink would go long way help reduce massive trade deficit also help ease downward pressure value dollar u government attempted remedy trade imbalance driving value dollar volcker warned fall dollar value danger decline said could inflation imported goods become expensive chase away foreign capital needed finance federal budget deficit addition february u officials meeting major industrialized nations paris agreed value dollar dropped enough world exchange rates stabilized around current levels part agreement japan west germany agreed take steps stimulate economies united states agreed cut budget deficit alternative driving dollar way deal trade deficit volcker said recently reduce u consumption particularly federal spending deal budget deficit everything else going volcker said recent testimony senate banking committee volcker also said would prefer tighten government fed tighten credit supply action needed fight inflationary pressures assure continued flow foreign capital united states analysts say fed tightening could choke current modest economic expansion threaten recession financial services economist john stressed deficit reduction better none said size cuts consideration enough give federal reserve board flexibility needs economy keep value dollar world exchange markets doubt deficit reduction objective stabilize dollar fed flexibility conduct monetary policy answer enough told reuters u trade deficit become one government persistent problems deficit billion dlrs yet little indication year figure lower though administration officials predicted drop billion dlrs year end past volcker never lost worrying whether congress would cut much federal budget hand also made clear attached gradually declining deficit ceilings set period last year gramm balanced budget law new law set ceiling billion dlrs next year federal deficit house senate budget committees conceded budget plans would fall short deficit reduction goal billion dlrs political reasons billion dlrs going get congress present time said ross something would extraordinary difficult said real danger congress end short deficit reduction goal set budget extent become minimum acceptable reduction level explained anything less look like failure wall street budget plan debate house floor would lower estimated billion dlr deficit year beginning october one billion dlrs cutting defense domestic programs billion dlrs anticipated spending levels next year senate budget committee called deficit nearly billion dlrs billion dlrs new taxes amount spending cuts reuter
dresser industries inc sell reliance standard life insurance unit
diamond crystal nd qtr sept net shr cts vs cts net vs sales mln vs mln six mths shr cts vs cts net vs sales mln vs mln note full name diamond crystal salt co reuter
gte gte cites loss sprint gte corp said decline first quarter net income reflects mln dlr loss pct share ownership u sprint operations loss increase mln dlrs loss reported operations gte owned year ago quarter prior entering joint venture united telecommunications ut july joint venture company owns pct sprint earlier company reported net income declined mln dlrs mln dlrs first quarter year ago theodore chairman gte said expect us sprint losses diminish later year customer traffic new fiber optic network long distance telecommunications reason higher losses reflect lower prices well higher operating costs related part use network operating income telephone operations account pct total rose eight pct mln dlrs revenues telephone operations rose eight pct billion dlrs reuter
house panel wants pentagon manage u stockpile house armed services committee voted transfer management stockpiled materials national defense u defense secretary committee also voted legally binding quantity quality requirements materials mostly metals measures part defense authorization bill voted house next month purpose measures passed committee yesterday improve stockpile management discourage sell offs materials could strategic needs staff member committee told reuters stockpiles stand gain managed properly said management stockpile last years responsibility stockpile management belongs white house agency federal emergency management agency said measures passed committee secretary defense would influence decisions keep sell strategic stockpile materials administration proposed goal million dlrs worth strategic materials held stockpile stockpile contains around billion dlrs materials said several agencies currently helped manage stockpile decide much sell help deficit agencies included office management budget departments interior commerce said committee believed shared involvement stockpile management counter productive said reuter
boston five neworld merge boston five cents savings bank said neworld bank savings agreed merge forming new holding company boston five bancorp boston five said proposal calls holders receive shares new company stock share held neworld bank holders one share share held tax free exchange boston five said planned merger bank savings create largest savings bank massachusetts third largest new england combined assets billion dlrs boston five chairman robert j said natural fit banks consider merger equals become chairman boston five bancorp neworld president james president chief executive officer boston five said president peter j become vice chairman chief operating officer holding company board holding company equal number directors institution unlike many recent combinations merger acquisition premium associated said boston five billion dlrs officers neworld assets billion dlrs officers massachusetts also loan center new hampshire reuter
u commerce trade report omits freight costs commerce department said insurance freight costs imported goods billion dlrs included february trade deficit billion dlrs reported tuesday department required law wait hours initial trade report issue second report customs value basis freight insurance charges cost imports private sector economists emphasized commerce department revising deficit billion dlrs simply presenting figures different basis report washington post caused foreign exchanges today gave dealers said underlying trade deficit february revised downward commerce department would like law changed permit report sets figures simultaneously feeling second one better report legislation requires us delay two days said robert commerce undersecretary economic affairs going long time one pays attention second figure billion dlr february trade deficit compared revised january deficit billion dlrs law requiring hour delay publishing monthly trade figure excluding freight insurance passed reportedly feeling first figure includes customs freight insurance allowed better comparison countries reported trade balances basis second figure would always lower deducting freight insurance deficit favorable light reagan administration said would like see law changed eliminate hour delay reporting two figures considering said one laws think time come second figure would always lower deducting freight insurance deficit favorable light reagan administration said would like see law changed eliminate hour delay reporting two figures considering said one laws think time come reuter
loan marketing association st qtr shr cts vs cts net mln vs mln assets billion vs billion reuter
bank france leaves intervention rate unchanged bank france said left intervention rate unchanged pct injected funds market first category paper today money market intervention tender money market dealers earlier expressed mixed views possibility quarter point cut rate last adjusted march cut pct eight pct rate set january reuter
sterivet laboratories ltd year loss shr loss cts vs loss cts net loss vs loss revs vs reuter
ssmc buy exchange division ssmc inc said executed letter understanding acquire parts catalog division exchange inc undisclosed amount ssmc spun singer co year ago said parts catalog division parts industrial trade u agreement key managers employees parts catalog division nashville tenn relocate ssmc facility ssmc said reuter
dairy farm bids mln stg pct kwik save dairy farm international holdings ltd said statement making tender offer pct kwik save discount group plc kwik l britain total mln stg dairy farm said offer buy mln kwik save shares stg offer bring dairy farm stake kwik save pct present pct mln shares offer begin monday ends june requires shares tendered bring stake least pct dairy farm said finance acquisition placing mln shares affiliate jardine strategic holdings ltd hk h k dlrs total mln dlrs placement raise jardine strategic stake dairy farm pct current pct said kwik save purchase also financed loan hongkong shanghai banking corp hkbh hk give size loan said would raise net bank borrowings maximum billion h k dlrs dairy farm said would reduce bank borrowings proceeds previously announced sale office building sydney mln dlrs consider raising additional capital probably placement convertible preference shares euromarket added company chairman simon keswick said u k market offers attractive opportunities priced food retailers strategic investment kwik save offers best vehicle pursue opportunities reuter
industrial equity pct triton oil group firms led hong kong based industrial equity pacific ltd said acquired shares triton oil corp common stock pct company common stock outstanding industrial equity pacific controlled brierley investments ltd applied u antitrust regulators buy pct triton common stock said current pct stake acquired investment purposes company said informed triton present good faith intention buy mln dlrs worth triton stock said also told triton may depending market conditions acquire pct possibly pct voting securities triton said received clearance buy pct stock september industrial equity pacific reported bought shares triton common stock october dlrs share reuter
bangladesh cost living index falls january bangladesh cost living index fell pct january pct decline december base bureau statistics said cost living index fell pct january year january inflation ran pct pct rate month earlier pct year earlier reuter
realty acquisition approved realty investors trust said approved acquisition advisor advisory corp shares said completion expected take place april reuter
allied stores sells dillard two units dillard department stores inc based little rock allied stores corp jointly said entered definitive purchase agreement sale dillard divisions allied mln dlrs cash subject certain closing adjustments sale excludes certain real estate assets allied estimates aggregate value mln dlrs based current market conditions stores texas one arizona four stores nashville largest unit allied slated sale restructuring allied stores corp subsidiary campeau corp acquired acquired canadian developer last year robert campeau chairman allied said start disposition program proceeding well ahead schedule sale fulfill requirements bank agreements sell certain assets june give us additional flexibility disposal remaining divisions sold allied stores required pay mln dlrs bank debt june doubts wall street company could meet payment campeau source said believe cash sale puts us strong negotiating position maximize proceeds allied receive divisions allied able put position knows able meet june payment schedules source said bilion dlrs allied assets targeted sale dec pay allied campeau allied taking bids divisions targeted sale donaldson miller miller shops jerry leonard divisions provided pct allied net sales pct store profit fiscal reuter
day int l day sell unit day international corp said entered letter intent sell allen industries inc unit group including unit current management day said sale could enable day accelerate earnings current fiscal year ending october net earnings full year ending october ball park analysts estimates mln dlrs mln dlrs richard day chairman chief executive officer said day reported earnings mln dlrs cts share fiscal day said agreement subject preparation negotiation definitive agreement ability group obtain financing reuter
new york business loans fall billion dlrs commercial industrial loans books major new york banks excluding acceptances fell billion dlrs billion week ended april federal reserve bank new york said including acceptances loans dropped billion dlrs billion commercial paper outstanding nationally fell billion dlrs billion national business loan data scheduled released friday reuter
chevron chv cuts unc unc stake pct chevron corp said sold mln shares unc inc common stock june leaving mln unc common shares pct total filing securities exchange commission chevron said sold shares dlrs total mln dlrs agreement unc stock sold underwriting syndicate managed read co inc donaldson lufkin jenrette securities corp underwriters paying mln dlrs unc paying mln said reuter
diamond shamrock offshore partners payout qtly div cts vs cts prior pay june eight record may eight reuter
king world financing offer king world productions inc said finance repurchase shares announced earlier today cash hand mln dlrs bank borrowings received commitments first chicago corp bank new york bk company today started tender offer shares dlrs agreed buy shares members king family management together total mln shares shares repurchased amount pct king world stock reuter
diamond shamrock raises crude oil posted prices cts bbl effective yesterday wti dlrs
great american atcor atco stake great american management investment inc told securities exchange commission acquired pct stake atcor inc great american said bought stake investment added also considered yet decided buy additional atcor shares either open market private transactions tender offer otherwise great american said paid mln dlrs atcor shares said recent purchases included shares bought march april reuter
public service enterprise peg rd qtr net shr cts vs cts net mln vs mln revs one billion vs billion avg shrs vs nine months shr dlrs vs dlrs net mln vs mln revs billion vs billion avg shrs vs months shr dlrs vs dlrs net mln vs mln revs billion vs billion avg shrs vs note full name public service enterprise group inc results reflect three two stock split effective july reuter
standard corp th qtr net feb end shr profit four cts vs loss nil net profit vs loss revs mln vs mln avg shrs mln vs mln year shr profit four cts vs profit nil net profit vs profit revs mln vs mln avg shrs mln vs mln note net includes tax credits dlrs vs dlrs quarter dlrs vs dlrs year reuter
domtar inc rd qtr net shr cts vs cts net mln vs mln revs given nine mths shr dlrs vs dlrs net mln vs mln revs given reuter
w berisford wants stay independent w berisford plc l attracted takeover bids making every possible effort remain independent deputy chairman henry lewis said company announced interim results taken specific steps strengthen purpose added referring management changes corporate strategy concentrating four business sectors berisford aims produced balanced earnings growth combination commodities property financial services food industrial division assets mln stg including debt reviewed parts may sold reuter
ual ual may respond pilots today ual inc may response afternoon pilots union proposal buy united airlines unit ual spokesman said obviously lot movement stock need get clarification spokesman said adding chance statement would released today pilots earlier week offered buy airline billion dlrs assume billion dlrs existing debt takeover speculation driven ual stock several weeks ual last month said new york real estate developer donald trump held position stock also held discussions chairman developer indicated talks took position investment revealed plans today rumors circulated coniston partners buying ual stock ual jumped five volume mln shares united got consider proposal think pilot proposal realistic take could put interesting options front ual management said pettee bear stearns co analyst analysts said ual made vulnerable attack diversified away core airline added rental cars westin hilton international hotels strategy become travel service company strategy left stock slump pilots union concerned company enough attention airline ual stood firm strategy new focus changing name allegis may one takeover speculation wall street busy calculating break values well excess dlrs per share traders today described buying ual widespread indicative big institutions believe stock play market sources said although trump attracted attention stock pilots proposal acted new round speculation perhaps company hands another buyer first investor considerable stake second union type attitude airline deals past said pettee interesting values something everybody said reuter
financial inc rd qtr net shr dlrs vs cts net vs nine mths shr dlrs vs dlrs net mln vs mln reuter
inc th qtr may two net shr cts vs cts net vs sales mln vs mln year shr dlrs vs one dlr net vs sales mln vs mln note prior year net periods includes gain dlrs adjustments lifo reserves compensation related accruals revised effective tax rate reuter
williams sees flat pipeline volumes williams cos said expected oil fertilizer transportation volumes flat said operating profits pipeline unit improve mln dlrs earned last year seven mln dlr special charge incurred williams pipeline co took charge earnings removal miles old pipeline service casualty losses williams net loss mln dlrs total revenues billion dlrs decline profits mln dlrs sales billion annual report williams said northwest pipeline corp williams natural gas co natural gas costs among lowest nation averaging dlrs dlrs per respectively last year total natural gas reserves units declined billion cubic feet billion cubic feet previous year company said williams natural gas unit less take pay exposure major pipelines show improvement operating results changes tariff federal tax rates company gas marketing business expected somewhat lower earnings competition operating region annual report said gas marketing unit earned mln dlrs sales mln dlrs last year williams also said expected substantial decline debt equity ratio year mln dlrs received cash sale chemical co proceeds sale leaseback williams telecommunications co telecommunications business mile fiber optic system long distance use profitable late williams said reuter
afg industries inc afg st qtr net shr primary cts vs cts shr diluted cts vs cts net vs revs mln vs mln avg shrs primary vs reuter
ccc guarantees iraq switched usda commodity credit corporation ccc transferred mln dlrs credit guarantees previously earmarked sales u eggs mln dlrs guarantees livestock increase coverage sales u protein concentrates iraq u agriculture department said action taken request iraq state trade organization grains reduces line eggs zero line livestock mln dlrs mln dlrs department said guarantee line sales protein concentrates increased mln dlrs mln dlrs said reuter
phh group inc phh th qtr april net shr cts vs cts net mln vs mln revs mln vs mln mths shr dlrs vs dlrs net mln vs mln revs billion vs billion note prior year restated reflect results current year acquisitions reuter
franklin puerto rico sets monthly payout mthly div cts vs cts prior pay april reord april note franklin puerto rico tax free income fund reuter
corp makes acquisition corp said acquired thermo print gmbh west germany distributor products undisclosed terms reuter
northgate quebec workers end strike northgate exploration ltd said paid workers two quebec mines voted weekend accept three year contract offer returned work today one month strike said workers represented united steelworkers america would receive dlr hour pay raise life new contract improved benefits northgate produced ounces gold first quarter said strike slowed production still looking forward satisfactory performance mines produced ounces gold last year reuter
banking center st qtr net shr cts vs given net vs note company went public august figures restated net includes loan loss provision dlrs vs dlrs gain sale securities dlrs vs dlrs gain sale loans dlrs vs dlrs reuter
teck still talks b c copper venture teck corp said continuing talks joining joint copper venture highland valley british columbia held affiliates cominco ltd mining corp know negotiations would completed teck vice president administration john said reply query talks ongoing long time declined speculate outcome cominco pct owned consortium led teck optimistic talks soon concluded spokesman told reuters think partners hopeful situation resolved cominco said optimistic concluded shortly added declined specify talks might end cominco teck pct owned agreed january form joint venture merging highland valley copper operations cominco share equally control management highland valley operations cominco pct share production receives pct six months following july venture officially started production highland valley total ore milled mln short tons grading average pct copper said cominco share production short tons copper contained concentrate short tons concentrate ounces silver ounces gold said consortium pct owned teck pct mim canada inc canada ltd acquired cominco stake last year canadian pacific ltd cp reuter
remains intact debt futures six basis point rise past month u debt futures may extended next week series u economic reports analysts said long dollar holds firm interest rates declined approximately basis points last month largely indications inflation high people feared narrowing u trade balance nominal terms samuel kahan chief financial economist kleinwort benson government securities said kahan said recent government reports shown strength economy first quarter concern whether u economy sustain strength longer term weak u economic growth could hurt dollar become important direction debt futures beneficial impact interest rates sluggish economy trade expectations tuesday u consumer price index durable goods reports pct pct respectively meanwhile eight billion dlr drop money supply announced week surprising much larger expected according kahan unless quickly reversed trend ensure june growth negative kahan said taken conjunction aggregates kahan said slowed federal reserve board annual targets consequences could economic weakness road said based bond futures may poised gains although advance slowed recently analysts said september bonds almost six points since may merrill lynch debt analyst jim noted september bond futures climbed low month ago mid june said follow buying aided advance far short covering prohibited slide support rally september bonds thwarted level level resistance must taken activity anything trading range market carroll futures debt analyst brian singer said dollar remains key fundamental factor u currency made little late analysts said critical variable remaining market value dollar kahan said additional influences next week possible developments ahead opec members meeting impact size u budget deficit although market early next week kahan said looking ahead u treasury mini refunding auctions billion notes tuesday wednesday thursday singer said market likely results little however successful auction could prove turning point depending prevailing market reuter
house fabrics inc st qtr net april shr cts vs cts net vs revs mln vs mln reuter
chevron n sea find may hold mln bbls analysts north sea oil find announced chevron corp chv chevron exploration north sea ltd may indicate new field recoverable crude oil reserves mln barrels industry analysts said chevron said well block u k continental shelf tested barrels per day bpd api crude oil tertiary sand three inch surface choke estimated amount oil field around mln barrels paul stockbroker kleinwort grieveson co told reuters said industry estimates put total reserves field one billion barrels given low gravity oil recovery rate would expected around pct analysts said results encouraging potential difficulty operating recovering oil field shown fact first well drilled field seems widespread require multi platform development recovery pushing costs christopher stockbroker hoare govett said analysts said although low gravity oil found would require additional costs recovery test well showed flows well although gravity oil field seems low seems flow quite well around mln barrels could recovered bell phillips drew told reuters however chevron officials declined comment analysts reserve estimates said without research drilling area summer would disclose reserve figures analysts said field declared commercial developed would ready local market heavy crude produced refineries upgraded refine heavy oils price differentials heavy light crudes lot today said chevron operates block behalf companies include british petroleum development ltd uk ltd enterprise oil ltd marathon int ltd phillips petroleum co u k ltd reuter
poehl says german international interest rate rises cause concern
assets u money funds rose week assets money market mutual funds increased billion dlrs week ended yesterday billion dlrs investment company institute said assets institutional funds mln dlrs billion dlrs broker dealer funds rose mln dlrs billion dlrs general purpose funds gained mln dlrs billion dlrs reuter
foster unit audit foster corp said audit stearns airport co inc unit revealed substantial stearns accounts may require material adjustments previously announce consolidated results company subsidiaries foster said certain officers senior management made operations appear profitable recording job costs said president controller resigned foster spokesman said know names president controller could immediately comment release foster said amount involved mln dlrs taxes mln dlrs net tax due improper recording job costs period several years continuing part first quarter stearns unit foster corp subsidiary company said impact results likely significant amount charged prior periods determined foster reported tax earnings mln dlrs mln dlrs mln dlrs respectively stearns based texas makes airport conveyor equipment passenger loading foster diversified international concern subsidiaries operating worldwide based new jersey reported revenues period ended december billion dlrs company said detailed audit investigation continuing company spokesman declined comment investigation reuter
soviet grain target indicates output recent announcements moscow next year grain production targets indicate soviets estimating year grain crop mln tonnes agriculture department analysts said usda soviet crop mln tonnes earlier estimates soviet officials grain crop could match record mln tonnes moscow outlined economic targets monday putting grain harvest goal mln tonnes analyst soviet agriculture usda noted recent article said soviet grain production planned mln tonnes expected year indicates estimate mln tonne grain crop analyst said calculating moscow crop estimate usda used mln tonne production goal well mln tonne figure published soviet economic journal month usda production estimate mln tonnes reflects range mln tonnes usda source said late season rains damaged soviet crops slowed harvest progress lowered soviet production analysts said u earlier month soviet agriculture official predicted grain crop would good better last year mln tonne harvest member party commented although mln tonnes grain fields harvest problems would bring final crop around mln tonnes reuter
thailand renew long term sugar contracts trade thailand negotiate tomorrow selected trade houses renewal long term raw sugar sales contracts cover next five years rate tonnes annually traders said also reported vague talk algeria may seeking tonnes raws tomorrow details unclear reuter
bangemann rejects call early tax cuts west german economics minister martin bangemann indirectly rejected call country leading economic research institutes early introduction major tax reform involving gross tax cuts billion marks statement reacting five institutes joint spring report bangemann said far call bringing forward tax reform concerned government points positive effects growth policy consolidation cutting budget deficit must allowed bangemann also scope tax cuts planned already increased three institutes predicted two pct economic growth exports falling pct two saw one pct growth said exports would fall pct bangemann said government agreeing majority sees reason pessimistic estimate exports expressed minority said reason believe export demand would start rise course year partly increase world trade reuter
nat l computer buy data card stake national computer systems inc said agreed acquire deluxe check printers inc pct stake data card corp national computer said plans issue mln dlrs five year subordinated convertible debentures purchase shares data card deluxe completion proposed transaction subject regulatory approval expected mid july said debenture bear increasing rate interest term pct weighted average rate convertible national computer common stock dlrs share said separately deluxe said data card investment longer fits business strategy deluxe held interest data card since provided funds data card buy troy computer products corp november data card said planned sell troy division reuter
lumber co rd qtr net shr cts vs cts net vs sales mln vs mln nine mths shr seven cts vs cts net vs sales mln vs mln reuter
coradian stake acquired sage coradian corp said group led privately held sage equities group agreed buy pct interest coradian connection agreement company said sold shares cts share said addition common stock sage equities receive warrants exercisable dlrs share reuter
smithkline corp rd qtr net shr dlrs vs cts net mln vs mln revs billion vs mln nine mths shr dlrs vs dlrs net mln vs mln revs billion vs billion avg shrs mln vs mln note results include mln dlr reduction operating income reuter
simon schuster acquire woodhead faulkner u k undisclosed terms
midlantic corp st qtr net shr diluted dlrs vs dlrs net mln vs mln assets billion vs billion deposits billion vs billion loans billion vs billion note results restated merger midlantic banks inc continental bancorp inc january reuter
cocoa origins buffer stock action traders recently returned west africa say producers ineffective action far international cocoa organization icco buffer stock manager buffer stock purchases one trader said west african producers buffer stock manager playing part required international cocoa pact stabilise prices current lows far tonnes second hand cocoa taken buffer stock purposes traders noted basis noted purchases tonnes first week bought second well short tonnes one day one week cocoa agreement places traders recently returned west africa say producers unhappy impact cocoa prices far noting producing countries part international cocoa pact treatment consumers london traders say terminal market prices would gain around stg tonne take icco day average indicator sdr per tonne midway point reference price however little progress made direction day average still well sdr lower intervention level previously buffer stock manager may announce today making purchases tomorrow although rules agreement action automatic traders said complaints buffer stock manager confined west african producers observed reuter report rotterdam quoted industry sources saying dutch cocoa processors also unhappy buffer stock buying activities london traders expressed surprise tonnes cocoa bought far total potential purchases new agreement tonnes holdings previous international cocoa agreement stock total tonnes terminal prices today rose stg tonne friday close basis july high seems buffer stock manager market prices go declares intention buy quite often reverse applies traders said reuter
management ltd six mths may net shr cts vs cts net vs revs mln vs mln reuter
edelman group cuts burlington bur stake new york investor asher edelman dominion textile inc currently seeking acquire burlington industries inc hostile tender offer said lowered stake company filing exchange commission edelman dominion group known samjens corp said sold options buy burlington common shares reducing stake company shares pct shares pct group said sale represented burlington options owned made may mln dlrs edelman dominion group last week sweetened hostile tender offer dlrs share burlington agreed leveraged buyout morgan stanley co backed group dlrs share edelman dominion group litigation pending burlington also said held talks morgan stanley possibility settlement outstanding matters among morgan stanley burlington reuter
stockholders pursue continental bid continental associates group four shareholders hold pct continental materials corp stock said pursue tender offer shares shareholders said told continental materials directors interest selling company late yesterday continental materials board said decided give consideration business combination proposed group st louis businessmen reuter
pharmaceuticals ltd st qtr april end shr loss one ct vs loss two cts net loss vs loss sales vs reuter
tons toys inc tons st qtr aug loss shr loss five cts vs loss eight cts net loss vs loss sales vs avg shrs vs reuter
first bank system fbs sells bank first bank system said sell first bank subsidiary two local bankers undisclosed terms first bank assets mln dlrs end first quarter reuter
lebanese pound falls sharply dollar lebanese pound fell sharply u dollar today dealers decline continued political uncertainty pound closed dollar compared yesterday close political deadlock reflected pound position demand less offer market one dealer told reuters pound dollar january lost pct international value past three months reuter
raven industries buys truck body business raven industries inc said purchased utility truck body business steel inc cash details transaction disclosed product line annual sales mln dlrs manufactured sold raven newly formed subsidiary industries inc raven said inc subsidiary also manufactures sells utility truck bodies reuter
crazy eddie oppose slate crazy eddie inc said board oppose slate nominees proposed election board committee led entertainment marketing inc em oppenheimer fund lp crazy eddie said board simply refrain opposing emi nominees board also said ask representatives committee restore shareholder value begin business affairs company promptly possible end committee representatives invited advance annual meeting examine company financial records monitor operations join company officers meetings company suppliers bankers key personnel crazy eddie said board said continue oppose emi group would increase expenses company create uncertainty among suppliers customers employees result deterioration among company personnel release company follow said reuter
japanese official takes data microchip talks ministry international trade industry miti vice minister makoto kuroda leaves washington today data hopes u charges japan violated pact microchip trade three man japanese trade team already washington laying groundwork talks kuroda deputy u trade representative michael smith aimed persuading u impose tariffs certain japanese products kuroda said taking new proposals nothing except explanation current situation kuroda told daily newspaper kuroda said u decision based incorrect data exaggerated sense miti power control market forces u excessive expectations stabilise supply demand relations disrupted excess inventories since take time said kuroda also laid part blame low u chip sales japan lack effort american firms said fails talks tomorrow friday sanctions seek talks u trade representative clayton yeutter u officials said week talks unlikely delay imposition tariffs reuter
frost sullivan inc rd qtr qtr ends april shr loss cts vs profit nine cts net loss vs profit revs vs nine mths shr profit four cts vs profit one ct net profit vs profit revs vs reuter
tecsyn terminates takeover talks tecsyn international inc said terminated takeover discussions u based investors group group unable establish access funds complete proposed transactions contrary previous assurances tecsyn previously said controlling shareholders accepted principle proposal group offer nine dlrs share pct tecsyn outstanding shares investor group also planned invest mln dlrs private placement four mln non voting tecsyn common shares company said reuter
american century act restates earnings american century corp said restated earnings fiscal year ended june provide additional five mln dlrs loan loss allowance causing restated year end net loss dlrs instead dlrs company said change came talks securities exchange commission company judgement considering five mln dlrs note financial statement american century said considered five mln dlrs making loan loss provision less required company said spite sec decision still feels allowance possible loan losses june adequate considered relevant information determine five mln dlr receivable said continued disagreement sec staff would best interest reuter
great atlantic pacific tea co said withdrew offer buy inc
brazil cocoa exporters unlikely limit sales brazilian cocoa exporters likely follow example cocoa producers alliance cpa members may limit sales product effort boost world prices trade sources said said similar procedure taken past brazil work according plans cocoa market completely free unlike coffee controlled export registrations cocoa exporters brazil operate free trade source said traders responding questions whether would follow example cpa members meeting sources said banco brasil foreign trade department cacex never cocoa market rejecting sales meet certain price shipment criteria position local producers always negotiate please buy ten sell eleven think good deal free go ahead one source added reuter
bank china buys share luxembourg company state owned bank china bought three five pct share baii holding sa financial institution registered luxembourg china daily business weekly said said institution pct owned arab interests set wholly owned commercial banking branch hong kong gave details reuter
inc rd qtr net shr cts vs cts net mln vs mln revs mln vs mln nine mths shr dlrs vs dlrs net mln vs mln revs mln vs mln avg shrs mln vs mln reuter
u agency rules brazil orange juice u international trade commission itc voted authorize commerce department impose anti dumping duties imports brazilian frozen concentrated orange juice itc voted favor anti dumping petition final ruling matter today itc ruling consistent commerce department final ruling march anti dumping duty pct imports brazilian frozen concentrated orange juice stephen vastagh itc said itc found brazilian orange juice imports injured u producers commerce department already ruled imports unfairly priced lowered pct anti dumping margin preliminary decision last fall set pct vastagh said u government requiring bond posted imports brazilian frozen concentrated orange juice since commerce preliminary ruling last october said commerce ruled one major brazilian producer cutrale would excluded anti dumping duty brazilian imports account pct total u supply vastagh said december november united states imported equivalent mln gallons brazilian orange juice worth mln dlrs said currently united states requires cent per gallon tariff orange juice imports vastagh said itc spokesman said agency would forward final report anti dumping case commerce april commerce process anti dumping order u customs bond commerce preliminary ruling begin assessing duties vastagh said said brazilian orange juice exporters including three major shippers would affected decision reuter
frozen food express rd qtr net shr cts vs cts net vs revs mln vs mln nine mths shr dlrs vs cts net vs revs mln vs mln note full name company frozen food express industries inc reuter
inc rd qtr net shr profit seven cts vs n net profit vs profit sales mln vs mln nine mths shr loss ct vs n net loss vs sales mln vs mln note current nine month figures include extraordinary loss mln dlrs cts per share resulting costs associated restructuring prior quarter nine month per share figures applicable company began operations october acquisition gould inc gld medical products group reuter
three departments inc sets payout class qtly div cts vs cts prior class b qtly div cts vs cts prior pay may record april reuter
brand companies sees first quarter loss brand companies inc said expects report first quarter loss cts share revenues mln dlrs first quarter brand reported earnings cts revenues mln dlrs reason given expected loss final quarterly results reported toward end month beginning may company spokesman said reuter
industries inc rd qtr net shr cts vs cts net vs sales mln vs mln nine mths shr cts vs dlrs net vs sales mln vs mln note figures include dlr gain eight cts share discontinued operations reuter
e f hutton lbo inc says unit terminates merger agreement purolator courier
ecolab inc rd qtr oper shr oper shr cts vs cts oper net vs revs mln vs mln nine mths oper shr dlrs vs dlrs oper net mln vs mln revs mln vs mln note results include restructuring non recurring charge cts share restructure chemlawn acquired april recent acquisitions results exclude gain sale discontinued operations mln dlrs dlrs share rd qtr results also exclude income discontinued operations dlrs nine mths dlrs two cts rd qtr dlrs cts nine mths reuter
partners l p rd qtr loss shr loss five cts vs profit six cts net loss vs profit nine mths shr profit dlrs vs profit cts net profit mln vs profit mln note year ago results pro forma since company created march transfer master limited partnership domestic assets inc liquefied petroleum gas division reuter
ccl industries purchases stake ccl industries inc said purchased majority interest u de spain terms disclosed ccl also said agreed exchange present future technology reuter
ltd nd qtr net period ended april shr given net vs revs mln vs mln six mths shr cts vs cts net vs revs mln vs mln reuter
american business products inc rd qtr oper shr cts vs cts oper net vs sales mln vs mln nine mths oper shr dlrs vs dlrs oper net vs sales mln vs mln note net periods excludes dlr special charge reuter
usda propose foreign meat inspection rule u agriculture department preparing proposal would require foreign meat products point arrival united states usda official said donald houston administrator usda food safety inspection service told house agriculture subcommittee usda developing proposed change regulations would put end current practice permitting foreign meat products one port another port houston said requirement would several years avoid economic hardship reuter
u housing starts rose pct september u housing starts rose pct september seasonally adjusted annual rate units commerce department said august housing starts unchanged july levels units instead pct previously reported increase september housing starts largest since pct gain starts december commerce department officials said rate permits issued future construction fell pct september seasonally adjusted units units august permits risen pct august july levels units seasonal adjustment permits rose september august housing starts adjustment rose september august seasonally adjusted rise starts included pct increase september single family unit starts august single family starts fallen pct august july levels multi family starts rose pct september seasonally adjusted units pct increase august department said permits single family units fell pct last month seasonally adjusted units pct august rise multi family permits pct september units falling pct august housing starts september pct seasonally adjusted units september permits pct september level units reuter
african states agree regional tariff cuts countries eastern southern africa agreed cut tariffs regional trade pct every two years statement preferential trade area seeks create common market stretching north south said governments would make first tariff cut next year would assess impact tariff reductions work new timetable complete elimination barriers trade year set groups kenya tanzania uganda zambia zimbabwe sources said agreement split members progress towards free trade weaker states concerned effects customs revenue reductions cover common list widely traded commodities goods sources said organisation planned expand list include items reuter
corp rd qtr net shr five cts vs seven cts net vs revs vs nine mths shr five cts vs dlrs net vs revs mln vs mln reuter
bank france says leaves intervention rate unchanged pct
inro council meeting adjourned thursday council meeting international natural rubber organization inro adjourned thursday tomorrow malaysian national holiday officials organisation said main issue talks opened yesterday inro buffer stock manner buffer stock manager continue sell rubber current international pact commodity expires october said deadline start new pact january buffer stock manager hofmeister continue selling rubber interim period issues discussed include ratification new accord officials said malaysia pact producing consuming member countries ratified new agreement beginning month meeting due end thursday reuter
standard products co st qtr sept net shr cts vs cts net vs sales mln vs mln avg shrs mln vs mln note share adjusted august five four split reuter
el x sell unit ltd said agreed sell certain assets computer service sector service division canadian general electric co ltd terms disclosed closing date expected may reuter
vulcan corp regular dividend qtly div cts vs cts prior qtr payable june record may reuter
gaf gaf group buyout bid gaf corp said management group led chairman samuel j heyman intends reconsider proposal acquire gaf september group offered dlrs cash dlrs principal amount pct junior subordinated debentures due gaf share heyman owns gaf mln shares outstanding letter committee independent directors formed consider offer heyman said modify terms offer continue bid due rising interest rates financial market conditions heyman said considerable time since original proposal submitted credit financial markets experienced extraordinary almost unprecedented deterioration present time average interest rate financing proposed raise connection acquisition increased since original proposal approximately basis points said group intends promptly review available options including revision offer reflect current market conditions reuter
bangladesh tenders two mln barrels petroleum bangladesh petroleum corp said floated international tender imports two mln barrels jet superior high speed diesel shipment january june said offer petroleum products would open gmt november reuter
amoskeag bank shares inc st qtr net shr cts vs cts net vs note net includes pretax securities sales gains dlrs vs dlrs reuter
investment partnership ups stake charter oak partners connecticut investment partnership said raised stake enterprises inc shares pct total outstanding common stock shares pct filing securities exchange commission charter oak said bought common shares june dlrs reuter
dow chemical dow increase prices dow chemical u midland co said increase prices high performance bulk effective july one contract spot customers bulk list prices oxide technical refined grades raised five pct dlrs per pound technical dlrs per refined dow said increases include g dlrs per gallon ht dlrs per gallon j dlrs per gallon dlrs per gallon reuter
reuters chairman urges freer information flows exchanges telecommunications authorities abolish restrictions full free information investment banking communities reuters holdings plc l chairman sir christopher said annual said lengthy negotiations brought agreement tokyo london stock exchanges fuller still complete access market data reuter services many markets maintain restrictions added said members markets appear believe information restrictions protected interests cases exchanges seem limiting distribution data order provide competitive advantage commercial information businesses also noted despite increasing liberalisation telecommunications field countries continue protect state monopolies expense economic sectors reuter dealing services remain excluded countries result banking communities serving entire economies put competitive disadvantage added reuters increased pre tax profit pct previous year mln stg pct rise revenues mln stg earnings per ordinary share pct p annual shareholder meeting held london april reuter
utah power light co st qtr net shr cts vs cts net mln vs mln revs mln vs mln avg shrs mln vs mln mths shr dlrs vs dlrs net mln vs mln revs mln vs billion avg shrs mln vs mln note mth net includes mln dlr charge due december provision coal mining operations refund reuter
alcan aluminium ltd al rd qtr net shr cts vs cts net mln vs mln revs billion vs billion avg shrs mln vs mln nine mths shr dlrs vs dlrs net mln vs mln revs billion vs billion note net current qtr included non operating costs mln vs income mln qtr net nine mths included non operating costs mln nine mths vs income mln nine mths prior year earnings per shr average number shrs outstanding restated reflect split became effective may purposes following reorganization july net figures including reported preferred dividends reuter
buys control data unit systems inc information processing systems company said purchased assets control data corp medtec unit undisclosed terms medtec patient accounting systems large scale group medical practices reuter
group ltd rd qtr net shr cts vs cts net vs revs mln vs mln nine mths shr cts vs cts net vs revs mln vs mln avg shrs mln vs mln reuter
merrill get mln dlr fee borg bor deal merrill lynch co inc mer subsidiary seeking take borg warner corp said could realize mln dlr fee efforts whether deal values billion dlrs succeeds filing securities exchange commission merrill lynch capital partners inc said would receive mln dlr fee surviving company acting dealer manager merger borg warner deal completed said could also receive break fee mln dlrs deal fails reasons include another party holding pct stock tendering pct mln dlr fee among highest set tender offer agreement either compensation dealer manager services break deal merrill lynch capital markets backed group investors organized launched dlr share tender offer borg warner pct stock company board approved plan intended thwart unsolicited offer gaf corp borg warner also agreed redeem outstanding series preferred shares pay options dlr share exercise price merger effective said merrill lynch said representatives discussed possible leveraged buyout borg warner early last december time merrill lynch told company would consider dlr share tender offer cash securities borg warner board approved said feb said told company decided buyout talks gaf launched dlr share proposal march merrill lynch said unlike earlier proposal merrill lynch said borg warner management asked take part new deal conditioned upon payment fees addition fees merrill lynch said also get mln dlrs borg warner cover expenses tender offer merrill lynch said would continue operating borg warner subsidiary current officers keeping positions flexibility purposes merrill lynch said considering borg warner assets number entity created carry merger merrill lynch estimated would mln dlrs fees expenses connected deal another mln dlrs needed repay certain debt borg warner merrill lynch said finance deal merrill lynch said expects borrow billion dlrs group banks sell mln dlrs common stock new company sell mln dlrs non voting preferred stock new company merrill lynch co sell mln dlrs subordinated notes merrill lynch co sell public mln dlrs subordinated discount debentures gaf raised offer dlrs share cash reuter
ncr ncr continues expect earnings growth ncr corp earlier reporting higher first quarter profit said continues expect report record earnings revenue optimism based incoming order rates strength product lines company said ncr corp plans additional new product announcements year said without elaborating ncr earlier said first quarter profit increased mln dlrs cts share mln dlrs cts share prior year ncr full year earnings rose mln dlrs mln dlrs prior year ncr said increase first quarter profit resulted strong revenue growth particularly strong europe pacific marketing groups growth u revenues also improved company said first quarter revenues increased billion dlrs mln dlrs prior year ncr u dollar value first quarter worldwide incoming orders posted substantial gain prior year first quarter ncr also said without giving specific figures order growth broad based across ncr product lines greatest growth coming u said reuter
deluxe check printers inc rd qtr net shr cts vs cts net mln vs mln revs mln vs mln nine mths shr dlrs vs dlrs net mln vs mln revs mln vs mln note nine month earnings include nonrecurring gain nine cents share sale company data card investment reuter
soviet oil output target mln tonnes soviet oil production target set mln tonnes rise eight mln tonnes year planned output oil minister announced figure tuesday supreme soviet country nominal parliament said new development strategy fuller use oil deposits better housing pay allowed oil industry three years began late last year soviet union produced mln tonnes oil slightly short target mln january september figures released weekend showed soviet oil output first nine months year mln tonnes target million said soviet union would develop new oil deposits coming year called across country spur oil industry supreme soviet convened monday endorse budget plan session expected end tuesday reuter
china moves stabilise world prices china moving stabilise world prices fluctuating prices year affected country export earnings china daily said paper quoted industry officials saying would fix export prices basis world market stop smuggling encourage producers reduce exports current world prices range dlrs per tonne unit china suffered heavy losses price slumped dlrs earlier year said pct world exports come china country imports high grade products reuter
bond corp acquire pct merlin pete bond corp holdings ltd said agreed acquire pct stake merlin international petroleum corp maritime corp mln u dlrs total mln dlrs due exchange contracts april mln july subject regulatory approvals obtained bond said statement balance mln dlrs paid required merlin exploration production commitments said bond said merlin pct working interest plus pct interest papua new guinea permit site iagifu oil discovery merlin also pct stake adjacent basin permit contains gas condensate discovery addition papua new guinea merlin petroleum exploration production interests u bond added reuter
inc st qtr loss shr loss cts vs loss cts net loss vs loss revs vs avg shrs vs reuter
japanese tariffs seen worldwide warning tough trade sanctions president reagan imposed japanese exports shot across japan bow also sign reagan attack unfair trade practices worldwide u officials said robert trade specialist institution think tank said shot across bow often result shot said left united states open retaliation u officials said pct tariffs reagan ordered mln dlrs worth japanese goods also show congress tough pro trade stand taken existing laws new protectionist legislation needed past year tough trade action taken european community corn taiwan beer wine south korea copyrights patents japan tobacco white house spokesman marlin fitzwater told reporters tariffs five pct seen serious signal nations need fair trade practices reagan said imposed sanctions certain computers television sets hand tools japan honor agreement end dumping semiconductors world markets less cost open markets u products tariffs placed items available sources would little effect american consumer fitzwater said reagan come heavy pressure take tougher action especially japan end global unfair trade practices reverse growing u trade deficit alternative congress would u trade gap last year record billion dlrs continues rise japan accounting one third america overall deficit two way deficits canada west germany taiwan south korea reagan officials said president ready fight reagan said announcing sanctions today regret actions necessary health u semiconductor industry essential american competitiveness world markets cannot allow unfair trading practices reagan added statement california home santa barbara said tariffs would remain force japan agreement u officials say action today show congress write trade bill like already tools needed fight unfair trade white house aide said tariff action done congress unfair trade practice aide added however another plane example administration uses trade law fight unfair practices necessary make major overall trade laws analyst said tariff action best interests united states negotiations pursued resolve issue dangerous go retaliatory route said leads retaliation restrictions trade said administration political impact across country therefore impact congress said think makes lot sense analysts said made little difference whether tariffs aimed u trading partners congress main point trading partners notice retaliation reagan ready use spokesman fitzwater said want trade war imposition sanctions showed united states would act evidence trade pacts violated said administration political impact across country therefore impact congress said think makes lot sense analysts said made little difference whether tariffs aimed u trading partners congress main point trading partners notice retaliation reagan ready use spokesman fitzwater said want trade war imposition sanctions showed united states would act evidence trade pacts violated reuter
di giorgio dig evaluate gabelli offer di giorgio corp said plans respond unsolicited recapitalization plan proposed gabelli co inc company board investment bankers evaluate proposal earlier gabelli said filing securities exchange commission holds pct stake digiorgio together gamco investors inc may seek control company addition june gabelli group proposed acquire di giorgio common shares combination dlrs per share cash subordinated note face value eight dlrs one common share post buyout company june buyout proposal remains open july reuter
industries inc nd qtr net sept end shr six cts vs cts net vs revs mln vs mln avg shrs vs six months shr cts vs cts net vs revs mln vs mln avg shrs vs reuter
ltd si half yr march shr cents vs cents int div six cents vs group net mln dlrs vs mln turnover vs mln note div pay aug register july co says expects results second half year similar first half reuter
italian gdp rose pct fourth quarter italy gross domestic product calculated prices rose pct fourth quarter compared period national statistics institute istat said istat said statement gdp growth fourth quarter zero compared preceding quarter italy budget ministry said last month gdp rose pct real terms imports fourth quarter totalled billion lire pct fourth quarter pct third quarter istat said istat said exports totaled billion lire fourth quarter pct comparable quarter pct third quarter fixed investments billion lire fourth quarter pct preceding quarter pct comparable quarter reuter
u k september sterling bank lending billion stg official
frontier insurance acquisition talks frontier insurance group inc said currently negotiating acquire business medical inc formerly largest medical malpractice insurance producer business malpractice producer medical professional liability agency inc gave details reuter
australian unemployment rises march australia seasonally adjusted unemployment rate rose pct estimated workforce march pct february pct year earlier statistics bureau said number jobless rose february year earlier bureau said unadjusted number unemployed rose february rate eased pct reflecting slight increase estimated workforce march persons pct workforce work reuter
miyazawa says g still strongly supports louvre accord
newhall resources qtly distribution shr cts vs cts prior qtr pay june one record april reuter
corp nd qtr sept net shr profit five cts vs loss nine cts net profit vs loss revs vs six mths shr profit cts vs loss five cts net profit vs loss revs vs reuter
bell group confirms standard chartered stake bell group ltd said holds pct issued capital standard chartered plc l acquiring shares one statement bell headquarters confirmed brokers warburg securities told reuters london yesterday bell previously held pct standard bell chairman robert holmes court also director standard available comment company intentions boosting holding company officials contacted reuters declined comment reuter
suburban bancorp woodstock bancorp merge suburban bancorp inc woodstock state bancorp inc said agreed merger suburban purchase woodstock shares total mln dlrs cash suburban bancorp shares woodstock holding company mln dlr state bank woodstock merger bring suburban assets mln dlrs total banks merger subject regulatory shareholder approval reuter
marine corp rd qtr net shr dlrs vs dlrs net mln vs nine mths shr dlrs vs dlrs net mln vs mln assets billion vs billion deposits billion vs billion loans billion vs billion reuter
taiwan announces new round import tariff cuts taiwan announced plans another round import tariff cuts foreign goods shortly trade talks washington officials described move help balance trade united states wang der deputy director finance ministry customs administration department told reporters list products included items asked washington move part government efforts encourage imports trading partners particularly united states said said ministry sent proposal today cabinet tariffs products cosmetics apples soybeans television sets cut five pct cabinet expected give approval next thursday new tariff cuts would implemented possibly starting april added taiwan introduced sweeping tariff cut foreign products last january aimed helping reduce growing trade surplus united states island largest trading partner washington however satisfied cuts pressed reductions way cutting huge trade deficit taipei washington deficit taipei rose record billion u dlrs last year billion widened billion first quarter billion year earlier taiwan official figures show today announcement came departure later today member taiwan delegation washington series trade talks u officials delegation leader siew told reporters last night leaving heavy heart meaning would face tough talks washington rising protectionist u congress taiwan trade surplus washington third largest japan canada siew said talks starting april would cover u calls taiwan open market american products purchases major u machinery power plant equipment import tariff cuts protection intellectual property time give take talks u said without elaborating reuter
eastern utilities associates ups payout qtly div cts vs cts prior qtr pay may record may reuter
group pct american physicians group led far hills n j investors natalie paul koether told securities exchange commission acquired shares american physicians service group inc pct total koether group said bought stock mln dlrs capital appreciation may buy group also said paul koether met june management representatives talks included company business potential acquisitions company possible opportunities expand company possibility koether named board group say whether talks resulted agreements done several sec filings concerning companies stake said reserve right take actions appropriate maximize value shares said current plans taking action may buy american physicians shares also said may decide sell stake company reuter
state control pct pakistan tea imports pakistan announced new tea import policy saying pct imports future made state trading corporation pakistan commerce minister said television broadcast one third remaining pct allocated private sector would permitted come one country new policy announced three months government suspended import licences ordered inquiry tea purchase policy traders said move designed put pressure kenya provided pct pakistan mln kilo annual tea imports buy pakistani manufactured goods exchange bond two units britain unilever plc control pct pakistan hard pack tea market traders said also planning minister outlining new three year trade policy start financial july reuter
golden valley microwave rd qtr net period ended september shr cts vs cts net vs sales mln vs mln avg shrs vs nine mths shr cts vs cts net vs sales mln vs mln avg shrs vs reuter
computer associates ca starts bpi bid computer associates international inc said started previously announced dlr per share tender offer shares bpi systems inc newspaper advertisement company said offer approved bpi board followed merger price conditioned receipt least shares offer withdrawal rights expire may unless extended addition shares sought tender shareholders bpi owning shares pct agreed sell shares computer associates tender price reuter
boston digital corp th qtr net period ended april shr profit nil vs loss eight cts net profit vs loss sales vs year shr loss cts vs loss cts net loss vs loss sales mln vs mln note earnings period include provision loss marketable securities dlrs reuter
hong kong dairy farm says bids pct kwik save mln stg
hal roach robert halmi merge robert halmi inc said hal roach studios inc signed definitive agreement merge stock swap value mln dlrs based october closing prices company said agreement calls holders common stock hal roach exchange shares one one basis shares combined company said holders robert halmi common exchange shares two one half one basis shares combined company company said swap tax free company also said qintex ltd pct owner hal roach common stock agreed use company exclusive vehicle u media entertainment investments company said company said qintex u subsidiary also agreed supply minimum mln dlrs line credit new company shall used qintex approval financing new products company said definitive agreement qintex u division right purchase pct new company open market private transactions tender offer purchasing warrants bring ownership pct new company qintex u subsidiary achieved ownership within one year completion merger subsidiary right two years thereafter request commence rights offering stockholders company said regarding potential rights offering qintex u subsidiary act purchaser company said transaction subject approval company shareholders receipt certain tax approvals continued robert halmi robert halmi jr company said robert halmi currently chairman chief executive officer robert halmi inc chairman new company david evans current president chief operating officer hal roach become chief executive company said reuter
shultz warns asean looming trade problem u secretary state george shultz warned members association southeast asian nations asean could longer rely increased exports u growth given importance exports particularly export manufactures countries going work hard diversify markets said may able maintain current market share u clearly able look u take major increases exports added shultz told foreign ministers indonesia malaysia philippines singapore thailand u would cut huge foreign trade deficit rapidly many believed said asean looming trade problems would necessarily stem protectionist legislation contemplated congress simply adjustments u economy make order service large growing external debt shultz said u deficit resulted falling exports higher imports world growth reuter
lasmo canada merge onyx petroleum lasmo exploration canada ltd subsidiary london scottish marine oil plc l merging onyx petroleum exploration co ltd lasmo said merger made onyx buying lasmo exploration share swap new company lasmo canada inc formed lasmo control pct equity worth mln canadian dlrs based current onyx share price new company proven reserves mln barrels oil billion cubic feet gas lasmo said reuter
hungary raises prices effort curb deficit hungary announced sharp price increases range food consumer products part efforts curb soaring budget deficit official mti news agency said government decided consumer price subsidies cut reduce state spending today price meat rise average pct beer spirits pct mti said mti said consumer goods also become expensive price rising five pct also announced number measures ease hardship including higher pensions family allowances statistics indicate budget deficit billion central banker said finance ministry trying cut shortfall billion planned billion major tax reform including introduction western style valued added tax planned january effort problems state spending diplomats said latest announcement shows authorities forced act quickly keep year deficit control measures also aimed cooling economy could help dampen imported western goods increasingly expensive hard currency diplomats said diplomats also said however expect kind social unrest followed sharp price rises east bloc states notably poland reuter
western mining sells stake western mining corp holdings ltd wmc said sold entire holding mln shares gold mining company australian consolidated minerals ltd wmc gave details stockbrokers said sale made eight dlrs share friday number u european australian investors wmc usual brokers company purchased pct early march amax inc n dlrs share ahead one three bonus issue amax sold entire pct stake number local companies reuter
computerland acquired investor group computerland corp said investor group led financial services firm e warburg pincus co inc agreed acquire computerland business computerland privately held company said world largest retailer personal computers declined provide details arrangement company said expects close acquisition next days announcing transaction computerland said acquisition provide resources support maintain expand leadership position computer retail industry computerland also said network retail sales totalled billion dlrs reuter
allwaste alws acquire firm allwaste inc said entered agreement principle buy tank cleaning co privately held company tank trailers exchange mln shares allwaste common allwaste said tank cleaning earned one mln dlrs taxes last year mln dlrs pre tax income nine months ended september reuter
gencorp said agreement sell rko pictures terminated
u military leader predicts iranian response william chairman u joint chiefs staff predicted iran retaliate u strike oil platform though said iranian options limited determined easily let stress commitment going risk free casualty free said likely iranian response would involve laying mines obviously look ways probably line hand tried thus far told american stock exchange conference declined comment query whether favored stronger move iran ordered president carried operation decided upon carried think well done said reuter
cyclops cyl merger approved cyclops corp said shareholders approved previously announced merger company subsidiary dixons group plc said dixons held pct cyclops stock following tender offer purchases earlier year completion transaction dixons proceed pay dlrs share remaining cyclops shareholders reuter
raises quarterly qtly div cts vs cts prior pay may record april reuter
industries inc nd qtr april shr cts vs cts net vs sales mln vs mln avg shrs vs st half shr cts vs cts net vs sales mln vs mln avg shrs vs note current year net periods includes nonrecurring gain dlrs reuter
regency electronics inc st qtr net period ended september shr profit one ct vs loss three cts net profit vs sales mln vs mln reuter
world bank support sri lanka deficits cut world bank support sri lanka development program provided country reduces budget current account deficits ministry finance said said bank president barber conable meeting sri lanka finance minister de mel washington also emphasised need structural adjustment reform economy five years officials said sri lanka budget deficit year expected projected billion rupees defence spending already two billion rupees targetted billion also likely grow ministry said de mel asked world bank give sri lanka billion rupees balance payments support reuter
inc th qtr oct net shr cts vs cts net vs revs mln vs mln avg shrs vs year shr cts vs cts net vs revs mln vs mln avg shrs vs reuter
sells u unit globe machine holdings plc l said agreed sell western plastics corp unit globe machine manufacturing co mln dlrs cash western makes foam container products net assets mln dlrs reported pre tax profit mln proceeds sale would used reduce borrowings develop activities u k shares eased p announcement p reuter
ericsson sells office machine division ab l ericsson eric st said would sell office machinery unit turnover two billion crowns norway design ericsson information systems unit part said statement decision would reached november norwegian firm would take operation price given deal managing director said deal would allow concentrate voice data communication products reuter
international research st qtr net shr six cts vs three cts net vs revs vs note international research development corp full name company reuter
southmark sm acquires nursing homes southmark corp said acquired long term care facilities containing approximately mln dlrs cash said facilities contain approximately seven western states bought associates salem ore brings health care facilities acquired last three months company said reuter
maxwell files suit stop harcourt hbj publisher robert maxwell british printing corp plc said filed lawsuit u district court harcourt brace jovanovich inc directors advisers stop among things payment special dividend harcourt paying part recapitalization suit filed manhattan also names first boston corp fbc seeks issue harcourt shares super voting preferred stock first boston securities corp issue convertible voting preferred stock votes harcourt employee stock ownership plan preferred shares issued first boston votes suit brought behalf harcourt british printing capacity substantial holder harcourt common shares pct convertible debentures suit alleges harcourt special dividend exceeds one billion dlrs surplus available dividends new york law lawsuit also alleges harcourt failed disclose one payment dividend terms illegal shareholders repay harcourt last week said would pay dlrs per share stockholders special dividend harcourt also announced extensive recapitalization plan analysts said aimed takeover effort british printing british printing last week withdrew dlr per share two billion dlr offer harcourt plan time said reviewing alternatives british printing said filed suit consultation advisers lawsuit also alleges harcourt failed disclose effect special dividend harcourt pct convertible debentures british printing alleges effect enormous increase effective june eight record date dividend number harcourt common shares upon conversion debentures british printing also charged harcourt unlawfully debenture holders convert record date harcourt may enough authorized common shares honor conversion date british printing holds shares mln dlrs worth debentures suit also alleges management board directors first boston engaged illegal scheme combination selling first boston securities corp super voting preferred bargain price grant company employee stock plan convertible voting preferred six mln share open market repurchase program manner financing structured reuter
rexham corp st qtr net shr cts vs cts net vs sales mln vs mln note net includes pretax gain dlrs change pension accounting results include production graphics corp systems technology weapons system test divisions new technology inc acquired december reuter
ladd ladd unit completes acquisition ladd furniture inc clayton marcus furniture subsidiary said completed previously announced purchase privately held colony house furniture inc undisclosed amount cash notes reuter
wins general electric ge contract corp said contract general electric design deliver methyl process addition value contract disclosed said applied engineering co unit sections deliver ge n products division plant methyl integral part production reuter
craft inc rd qtr net shr cts vs cts net vs sales mln vs mln nine mths shr cts vs cts net vs sales mln vs mln note share adjusted three two stock split february reuter
aegon net profit rises pct net profit mln guilders vs total revenue billion guilders vs billion net profit per five guilder nominal share guilder vs corrected capital increase final dividend guilders pct stock vs guilders pct stock interim dividend already paid guilders note full name company aegon nv reuter
systems corp st qtr net sept end primary shr five cts vs eight cts diluted shr five cts vs eight cts net vs revs vs primary avg shrs vs diluted avg shrs vs note results includes tax credit dlrs reuter
italian wholesale prices pct february italy wholesale price index rose pct month month february increasing pct january national statistics institute istat said index base equals registered february compared january february figure represents decline pct compared february year year decline january pct reuter
ltd st qtr may loss shr loss cts vs loss cts net loss vs loss revs mln vs mln reuter
california biotech sees st qtr loss california biotechnology inc said expects report loss dlrs dlrs first quarter due increased investment research manufacturing production company said research spending running pct year ago products quickly possible increased expenditures expected continue several quarters said operating results fluctuate quarter quarter depending timing significant payments commercial partners first three months company lost dlrs company changed fiscal year calendar year year ending november first quarter last year ended february california biotech earned dlrs reuter
deposit guaranty corp st qtr net shr dlrs vs dlrs shr diluted dlrs vs dlrs net vs reuter
advanced systems inc nd qtr april net shr cts vs cts net vs revs mln vs mln avg shrs vs six mths shr cts vs cts net vs revs mln vs mln avg shrs vs reuter
rpt european trade may propose new ico formula european coffee traders roasters may propose new formula calculating international coffee organization ico coffee quotas end meeting week traders officials told reuters although traders unwilling reveal details possible new formula said would give brazil world biggest coffee producer unchanged ico quotas next two years could basis renegotiation main sticking point quotas brazil attitude compromise could solution one said however european coffee trade federation meeting began today continue end week revealed european position introducing quotas traders said whole trade side introduction ico quotas roasters generally favour single formula basis quota shares among producing countries roasters said positions generally fairly close problems government officials germany italy cited government countries sources said germany extreme quota introduction favour nevertheless expect find enough common ground end week least present common european community ec view next meeting consumer members international coffee agreement ica july one trader said hope present compromise proposal consumer side producer side accept one official said learned live without quotas suspended february last year would prefer stability bring market long simply return old status far quota allocation concerned added overall however trader roaster opinion likelihood successful negotiation pessimistic varying chance main difficulty persuade u consumer side brazil producer side agree quota introduction said u position anything new brazilian coffee institute president adopted least position one trader said however many producers starting swing favour consumer position quotas allocated new formula brazil becoming increasingly isolated gives least hope compromise ico quota meeting september official said reuter
inc st qtr net shr cts vs cts net vs assets billion vs four billion note shr net data accounting change announced added cts share year ago st qtr results reuter
bowater pretax profits rise mln stg shr p vs p div p vs p making p vs p turnover billion stg vs billion pretax profit mln vs mln tax mln vs mln company name bowater industries plc l trading profit mln vs mln trading profit includes packaging associated products mln vs mln services mln vs mln tissue timber products mln vs mln interest debit mln vs mln minority interests mln debit vs mln debit extraordinary items mln credit vs mln debit reuter
amca international rd qtr loss shr loss two cts vs loss dlrs net profit vs loss mln revs mln vs mln nine mths shr loss cts vs loss dlrs net loss vs loss mln revs mln vs mln note full name amca international ltd results u dlrs latest qtr earnings include pension refund mln dlrs representing loss two cts per shr payment preferred dividends reuter
u k intervention board details ec sugar sales total tonnes current series white sugar received export rebates maximum european currency units ecus per kilos today european community ec tender u k intervention board said traders u k received tonnes france west germany belgium spain denmark tonnes added earlier today london traders declined give projected view level subsidy although said total tonnage awards would around tonnes paris traders foresaw tonnes authorised export ecu subsidy cumulative sales current season stand tonnes weeks last week saw tonnes whites authorised export licences end ever rebate european currency units ecus per kilos reuter
corp rd qtr net shr cts vs cts net mln vs mln revs billion vs billion nine mths shr dlrs vs dlrs net mln vs mln revs billion vs billion reuter
rowe furniture corp rowe st qtr feb shr cts vs cts net vs revs mln vs mln reuter
nakasone sumita agree rate cut appropriate prime minister yasuhiro nakasone today agreed bank japan governor satoshi sumita cut discount rate appropriate present central bank sources said told reuters two discussed subject routine meeting sumita told nakasone feel rate cut appropriate nakasone expressed understanding sources said currency dealers speculated japan west germany might come pressure next week venice summit cut interest rates boost economies nakasone sumita due attend summit reuter
gillette gs seen object global bidding war ronald perelman head revlon group inc rev may trying bidding war gillette co could draw big international players process make lot money wall street analysts said several hours regularly scheduled board directors meeting gillette disclosed perelman requested consent board offer least dlrs per share perelman needed consent agreed november buy stock years without permission think ronald perelman less interested gillette interested putting gillette play stands make ton money said andrew shore analyst shearson lehman brothers inc play term used wall street happens company becomes takeover target shore noted according agreement revlon gets paid acquisition gillette november year price higher dlrs per share gillette rose three today following gain three yesterday agreement would calculated basis perelman previous holding mln shares adjusted split example deal gillette company dlrs per share would make revlon mln dlrs formula neither perelman spokesmen returned telephone calls seeking comment revlon stands make substantial amount money someone else takes gillette said analyst merrill lynch co saying going happen gillette undervalued stock breakup value dlrs per share shore shearson lehman said couple reasons perelman may really interested acquiring gillette said perelman process taking revlon private acquiring control cosmetics company two years ago probably wants concentrate improving revlon operations trying overhaul improve image store business another reason revlon recently made two acquisitions circumstances shore would surprised company unilever plc un co decided take look gillette shore mentioned half dozen potential buyers gillette including sir james goldsmith hanson trust plc han rjr nabisco inc rjr american brands inc amb co perelman trying put company play said wall street arbitrageur gets share upside company sold another arbitrageur said expects gillette resist perelman see board changed november said another arbitrageur said sure going perelman never anything without fair amount calculation said added gillette board careful say sued shareholders gillette board still meeting edt three one half hours scheduled starting time according copy perelman letter released gillette would prepared sign merger agreement without financing condition said citibank n lead lender first boston inc financial adviser reuter
wang laboratories inc st qtr sept shr profit cts vs loss cts net profit mln vs loss mln revs mln vs mln avg shrs mln vs mln note prior year net includes five mln dlr tax credit reuter
andriessen fats oil tax could go summit european community ec agriculture commissioner frans andriessen said proposal tax european currency units per tonne oils fats likely go discussion next week summit meeting ec leaders ec farm ministers unable agree tax one main items proposed andriessen farm price package tax would apply domestically produced imported oils fats opposed united states developing countries vegetable marine oil producers reuter
lomak petroleum inc year loss shr loss cts vs loss cts net loss vs loss revs mln vs mln shrs mln vs mln reuter
zambia kwacha falls weekly auction zambian kwacha fell week foreign exchange auction kwacha dollar last week bank zambia said rate lowest since auctions resumed two weeks ago new two tier exchange rate system worked world bank international monetary fund bank zambia said received bids ranging kwacha six mln dlrs offer one hundred thirty five bids successful british high commission spokesman said britain would put eight mln stg auction rate one mln week soon zambia reached full agreement imf money could spent goods produced supplied british firms excluding defence equipment spokesman added reuter
mines selling shares mines ltd said sold mines ltd shares group underwriters led wood gundy inc brown baldwin ltd financial terms undisclosed reuter
korea sees gnp growth pct year south korea gross national product gnp exceed pct real growth year rise long current account surplus continues widen deputy prime minister told reporters also minister economic planning said gnp estimate based assumption economy remain stable official target gnp growth eight pct gnp rose pct first quarters according provisional bank korea figures gnp rose pct calendar first four months year current account surplus billion dlrs deficit mln dlrs period minister said major economic policy change ministry spokesman told reuters tried urge business prepare economic future high era south korean manufacturers insisted rise seven pct year said plan ask government slow appreciation dollar bank korea today quoted unchanged dollar pct gain far year compared pct increase whole strengthened dollar three days earlier month international monetary fund team held talks discuss revaluation reuter
southmark sm purchase national self national self storage said sold nine storage facilities southmark corp mln dlrs national self developer storage space business records said purchase includes nine storage national self also said southmark plan two year facility expansion program south florida across country reuter
faber open offers morgan grenfell stake willis faber plc l chairman chief executive david palmer said company would consider bid pct shareholding morgan grenfell group plc l yet received offers entertain approaches told reuters reply questions following u k press speculation earlier statement faber said offer received stake merchant banking group would considered merits reuter
petroleum resources corp march shr dlrs vs dlrs assets mln vs mln shrs vs note latest assets capital gain distributions cts share february cts share december stated value dlr convertible preferred stock outstanding reuter
u money supply falls two billion dlrs march week fed says
cra sold gold mln dlrs creek creek consolidated nl said consortium leading pay mln dlrs acquisition cra ltd gold pty ltd unit reported yesterday cra creek disclose price yesterday creek hold pct consortium resources nl hold pct mining nl pct said statement reported gold owns two mines western australia producing combined ounces gold year also owns undeveloped gold project reuter
centel cnt completes acquisition centel corp said completed acquisition cable television corp serves cable television subscribers east central michigan terms disclosed addition customers centel cable television co michigan serves customers overall centel nearly customers seven states reuter
vieille montagne says conditions sharp fall dollar price zinc depreciation u currency created economic conditions vieille montagne sa br said statement two factors led refining margins pct fall sales services income despite unchanged level activity vieille montagne actively pursuing restructuring program reported mln franc net loss mln francs provisions closure plant compared mln franc net profit reuter
xebec report nd qtr loss xebec corp said expects report loss second quarter ended april three due principally decline sales international business machines corp ibm company largest customer xebec also said expects revenues total mln dlrs company reported second quarter loss last year mln dlrs cts per share mln revenues xebec said ibm historically accounted pct company revenues total fell pct quarter ended ibm used xebec hard disk drive controller products ibm pc product ibm xebec said intends continue streamlining operations light loss business company also said already consolidated two plants nevada plans sell surplus assets provide additional liquidity reuter
iran soviet union swap crude refined products soviet union agreed supply iran refined oil products exchange barrels per day crude iran national news agency irna said irna monitored quoted oil minister gholamreza aqazadeh saying return tehran moscow agreement part protocol economic cooperation signed visit amount crude delivered soviet union might double bpd later said aqazadeh said two sides agreed conduct feasibility studies pipeline take iranian crude fields southern iran black sea soviet union iran pursuing pipeline project protect part oil exports iraqi air attacks gulf irna made mention natural gas exports soviet union aqazadeh said would discussed left moscow iran lost refining capacity early gulf war imports several hundred thousand bpd refined products aqazadeh said soviet refined products would delivered sea ports near north west iran reuter
spanish unemployment falls slightly march spain registered unemployment fell people mln pct workforce march labour ministry figures show registered unemployment february mln people pct workforce figures nonetheless higher march mln people pct workforce reuter
computer centers inc nd qtr loss shr loss cts vs profit cts net loss vs profit revs mln vs mln st half shr loss cts vs profit cts net loss vs profit revs mln vs mln note current year net periods includes dlr pretax provision closing overseas operations tax credits dlrs quarter dlrs half reuter
victoria inc rd qtr net shr profit two cts vs loss dlrs net profit vs loss mln nine mths shr profit cts vs loss dlrs net profit vs loss mln reuter
republic american ups stake republic american corp told securities exchange commission raised stake partners l p limited partnership units pct total units pct republic controlled cincinnati ohio financier carl lindner american financial corp said bought units may prices ranging dlrs mln dlrs total reuter
double eagle petroleum mining co nd qtr feb shr loss two cts vs loss eight cts net loss vs loss revs vs st half shr loss cts vs loss eight cts net loss vs loss revs vs reuter
dutch sugar beet planting half finished roughly half year expected hectare dutch sugar beet crop already ground spokesman largest sugar processor netherlands told reuters conditions generally good average date crop expected around april april last year year average april spokesman added far early yet say kind output expect comes harvest september least crop good start said last year netherlands planted record hectares sugar beet produced record mln tonnes white sugar substantially country combined b quota tonnes year however self imposed quota system introduced aim cutting plantings hectares reducing white sugar output around tonnes amount non quota c sugar produced farmers record growing beet allotted quotas expected prevent area boosted dairy cereal farmers moving sugar reuter
group five meeting ends meeting finance ministers central bankers group five ended nearly three half hours west german finance minister gerhard stoltenberg british chancellor exchequer nigel lawson declined comment meeting emerged u treasury european monetary official said ministers group seven countries would gather three p local gmt treasury reuter
chemical chl net hurt brazil expenses chemical new york corp said first quarter profits fell pct largely placed billion dlrs loans brazil non accrual chemical reported first quarter net income mln dlrs mln year earlier declaring brazilian loans non performing cost chemical mln dlrs lost interest income mln dlrs tax pct jump non interest expense mln dlrs mln also hit bottom line said rise mainly due staff costs associated continued growth consumer capital markets investment banking activities excluding effect placing brazil non accrual chemical said net income would mln dlrs pct earnings brazil suspended interest payments billion dlrs medium long term debt february resumed year end chemical said tax net whole reduced mln dlrs chemical also placed mln dlrs loans ecuador non accrual quito government also suspended interest payments foreign debt reduced interest income mln dlrs chemical said net interest income fell mln dlrs mln net spread narrowed pct pct reflected reclassification brazilian loans reduced federal income tax rate affected calculation equivalent adjustment tax exempt assets narrowing spread prime rate chemical cost funds foreign exchange trading profits rose mln dlrs mln bond trading profits dropped mln dlrs mln fees trust banking services rose mln dlrs mln year earlier chemical said provision loan losses mln dlrs compared mln net loan charge offs mln mln leaving allowance loan losses mln dlrs quarter end pct loans outstanding compared mln pct year earlier non accruing loans end march billion dlrs billion excluding brazil compared billion end billion end march reuter
icahn drops bid twa twa trans world airlines inc said chairman carl c icahn withdrawn proposal acquire twa shares already due deterioration market conditions proposal icahn would paid twa share dlrs cash dlrs face amount pct subordinated debentures due twa said icahn reserves right make subsequent proposal future date terms different terms reuter
thai venture sell rubber china teck soon co ltd major thai rubber exporter formed joint venture state owned chinese international economic technology development corp produce tonnes sheet rubber annually export chinese auto industry teck soon general manager said said new joint venture company registered capital four mln dlrs china imported tonnes thai sheet rubber last year tonnes reuter
corp rd qtr net shr profit three cts vs profit nine cts net profit vs profit revs vs nine mths shr loss cts vs profit cts net loss vs profit revs mln vs mln reuter
u february trade reported new basis february monthly merchandise trade figures reported tuesday commerce department new basis reflecting recent data avoiding future revisions monthly figure commerce officials said overall january deficit billion dlrs revised february figure final one officials said previously initial monthly figure revised subsequent months time lag report compiling final estimates imports exports reporting february trade data delayed several weeks permit gathering latest figures imports exports give clearer picture monthly trade balance reuter
energy services inc st qtr sept shr profit one cent vs loss cts net profit vs loss revs mln vs reuter
fashions ltd st qtr net qtr ended may oper shr three cts vs cts oper net vs revs mln vs mln note latest qtr writeoff dlrs store reuter
buy texas american unit co said agreed principle purchase western kentucky gas co texas american energy corp mln dlrs cash plus certain liabilities western kentucky gas distribution company serves customers communities kentucky reuter
city national corp st qtr net shr cts vs cts net vs loans billion vs billion deposits billion vs billion assets billion vs billion reuter
citizens southern corp rd qtr net shr cts vs cts qtly div cts vs cts prior net mln vs mln avg shrs mln vs mln nine mths shr dlrs vs dlrs net mln vs mln avg shrs mln vs mln note nine mths net includes special mln dlr loan loss provision nine mths net includes mln dlr charge settlement suit dividend pay dec record nov reuter
qtly dividend shr five cts vs five cts prior qtr pay may record april reuter
corp st qtr net shr cts vs cts net mln vs mln revs mln vs mln reuter
lawson says u west german row unnecessary u k chancellor exchequer nigel lawson said recent dispute united states west germany economic policy responsible much financial turmoil never happened said television interview dispute fears breakdown cooperation important finance ministers major nations said dispute row happened agreed much blame lay u treasury secretary james baker publicly criticised west germany raised key interest rates reuter
fcoj movement gallons last week florida citrus processors association said frozen concentrated orange juice movement trade channels week ended april totalled gallons versus gallons week ended march gallons corresponding year ago period gallons foreign imports last week versus gallons week domestic imports last week retail movement versus year ago bulk movement year earlier current season cumulative movement gallons versus last year cumulative net pack season versus year ago inventory versus year ago reuter
buy imaging solutions corp said signed letter intent acquire imaging solutions inc unit reliance electric co undisclosed terms acquisition give rights proprietary solid liquid ink technologies developed joint venture operated exxon corp xon said said imaging solutions formerly named exxon printing systems inc reliance electric co subsidiary reliance recently became independent company result leveraged buyout former owner exxon reuter
data inc st qtr feb net shr cts vs cts net vs sales vs avg shrs vs reuter
capitol bancorp rd qtr net shr profit dlrs vs loss dlrs net profit vs loss nine mths net profit vs profit note latest prior nine month per share amounts given reuter
corp th qtr loss shr loss two cts vs profit cts net loss vs profit revs vs mln year shr profit dlrs vs profit cts net profit mln vs profit revs mln vs mln note net includes pretax securities sale gain dlrs vs loss dlrs quarter gain dlrs vs loss dlrs year net includes pretax gains sale businesses nil vs dlrs quarter mln dlrs vs dlrs year net includes pretax losses disposition product line nil vs dlrs quarter dlrs vs dlrs year quarter net includes tax credits dlrs vs dlrs net includes reversal tax loss carryforwards dlrs vs dlrs quarter tax loss carryforwards dlrs vs dlrs year reuter
dinner bell leverage buy dropped dinner bell foods inc said talks concerning proposed leveraged buy company terminated spokesman said group led joseph f ii director company b withdrawn proposal acquire company stock dlrs share company also said board determined previously postponed annual meeting held january five reuter
corp st qtr net shr cts vs cts net vs sales mln vs mln avg shrs mln vs mln note net includes gain dlrs two cts share proceeds sale property reuter
de la raises annual profits pct year ended march fin div p making p vs p shr p vs p pretax profit mln stg vs mln net mln vs mln turnover mln vs mln net interest payable mln vs mln profit share related companies mln vs mln note de la co plc l proposes offer ordinary shareholders opportunity receive dividends form new shares alternative cash reuter
exxon xon extends mid grade unleaded marketing exxon co u said expanding marketing mid grade unleaded gasoline along u east coast exxon corp subsidiary said octane unleaded fuel begin late month early next major markets virginia maryland florida district columbia product introduced new york new jersey delaware connecticut rhode island massachusetts new hampshire philadelphia area late last year reuter
freedom federal seeks buyer freedom federal savings bank said hired salomon brothers inc solicit offers purchase bank part ongoing review methods enhance shareholder value freedom federal operates retail branch banks year end assets mln dlrs assurance bank receive acceptable offers sold feel prudent step take time bank said reuter
homestake mulls buying ore reserves homestake mining co considering acquiring gold ore reserves addition company exploration efforts chief executive harry conger told reuters interview conger said move consider acquisitions represents change company policy conger said homestake current cash position mln dlrs would available acquire reserves addition homestake two lines credit totaling mln dlrs drawn could used finance acquisition said conger said anticipates exploration budget spending mln dlrs conger said exploration precious metals may slightly higher last year spending mln dlrs oil gas exploration spending slightly less last year pct conger said sees homestake gold production gold production ounces however first quarter production reserve pct lower last year ounces due start production problems said believes gold prices hold u dlr ounce level rest reuter
republic american corp rd qtr net shr cts vs cts net vs net premiums mln vs mln avg shrs vs nine mths shr dlrs vs dlrs net mln vs mln net premiums mln vs mln avg shrs vs reuter
animal feed ship fire chinese port cyprus vessel tonnes dw fire grounded china august cargo cargo hold caught fire october fire put salt water water hold spread cargo water also hold bottom reported complete wing tank pumped remains dry engine room flooded three metres ship originally tonnes animal feed reuter
u k credit policy seen steady despite bank data unexpectedly heavy billion stg surge u k september sterling bank lending unlikely bank england towards tightening monetary policy long sterling remains present state economists said crisis confidence equity markets past two days case personal consumer credit demand largely behind growth lending normal course events markets would extremely worried figure noted peter spencer u k economist credit suisse first boston initial dip reaction bank lending data compared stg august rise u k government bonds gilts soared investors continued equities relative security government securities equity markets dropped sharply news day low index data recovery sterling held buoyant tone throughout u k money market rates similarly calm response resumed slightly easier trend earlier morning little blip figures came noting huge rise credit extended banks would circumstances prompted market fears rise clearing bank base rates current pct financial markets last thing bank england would want spencer said monetary situation clearly bad long sterling firm authorities unlikely put rates said chief u k economist montagu gilt edged pointed rise narrow money measure pct year year august pct growth said must cause concern treasury fact overall broad money growth slowed rather encouraging sign noted paul temperton u k economist merrill lynch capital markets pointed fall year year growth rate broad money aggregate pct september august pct concern credit growth prompted bank england one point rise u k bank base rates pct early august caution endorsed subsequently news massive billion stg july rise bank lending temperton noted particular focus bank worry period behaviour u k asset markets housing equities key two asset markets consumer behaviour said light falls u k equity markets past days almost certainly impact consumer spending retail sales temperton said almost certainly look forward slower growth consumer borrowing equity continues added think stock market decided bank lending figure thing past talking serious panic flight quality spencer said u k treasury official said important look monetary information bank lending adding monetary aggregates growing much slowly bank lending senior banking sources noted surge bank lending evidence continuing recent trend fairly heavy personal sector borrowing figures banking information service showed personal sector lending u k clearing banks rose billion stg september mln stg august rise much rise reflected quarterly interest payments reuter
sun sun cuts heating oil barge price sun co sun refining marketing co subsidiary said decreasing price charges contract barge customers heating oil ny harbor cent gallon effective today cent gallon price reduction brings sun heating oil contract barge price cts gallon company said reuter
industries sell british unit industries inc said signed conditional agreement sell engineering ltd subsidiary great britain group plc england mln stg deal scheduled close end june company said makes high technology precision products aerospace automotive industries sales mln stg said reuter
u k earnings underlying pct april u k average earnings rose seasonally adjusted pct year end april increasing pct annually march employment department said april index base set provisional seasonally adjusted march underlying rise pct pct march back level seen late last year underlying rise adjusted factors back pay timing unit wage costs u k manufacturing industry rose one pct year april upward revised rise pct period march department employment added three months end april costs pct higher year year compared rise pct three months march manufacturing productivity april pct higher year ago downward revised pct increase march last three months period manufacturing productivity pct increased pct first quarter reuter
hanover insurance get split approval hanover insurance co said stockholders approved two one stock split result split hanover said increases number authorized shares capital stock mln par value one dlr mln also par value one dlr stock split payable april stockholders record april hanover said reuter
cable wireless h k units cable wireless plc cawl l said subsidiary hong kong telephone co ltd would cease listed company following restructure company hong kong units earlier today company announced hong kong telephone cable wireless hong kong territory government pct stake would become subsidiaries newly formed holding company hong kong telecommunications exchange cable wireless hong kong capital hong kong telecommunications issue billion new shares cable wireless plc cable wireless far east ltd subsidiary holds group pct stake cable wireless hong kong pct h k telephone issue additional billion shares goverment leave cable wireless group pct stake hong kong telecommunications government pct nine pct public hands reduced early next year placement pct issued shares hong kong telecommunications cable wireless government reuter
u first time jobless claims rose week new applications unemployment insurance benefits rose seasonally adjusted week ended june prior week labor department said number people actually receiving benefits regular state programs totaled week ended may latest period figure available previous week reuter
enterprises unit sells dairy enterprises foods inc said entered agreement sell hawaiian dairy operations foremost foods inc mln dlrs cash company said purchase price subject adjustment entire transaction subject approval u bankruptcy court central district california reuter
profits sharply dividend raised six months end december shr p vs p div p vs p pre tax profit mln stg vs mln turnover mln vs mln tax mln vs mln note company full name holdings plc l trading profit mln vs mln share profits associates mln vs seven mln investment income less interest payable mln vs mln profit tax mln vs mln minority interests two mln vs one mln credit eight mln vs nil turnover includes continuing activities mln vs mln discontinued activities eight mln vs mln u k mln vs mln europe mln vs mln north america mln vs mln central south america mln vs mln africa middle east mln vs mln south east asia far east mln vs mln australasia mln vs mln anti mln vs mln antibiotics mln vs mln system mln vs mln reuter
u lifting japanese trade curbs white house completed new review japanese semiconductor trading practices yet decided whether trade sanctions levied japan last april lifted u officials said said president economic policy council looked japan adherence u japanese semiconductor pact yesterday announcement may made shortly announcement might officials said pct tariffs mln dlrs japanese exports could modified japan found portion semiconductor pact also noted white house said unlikely tariffs would lifted meeting world seven major economic powers venice june officials added curbs complicated u japanese economic cooperation serve congressional criticism reagan taking tough actions reduce u trade deficit reagan imposed sanctions april retaliation japan failure honor commitments end dumping semiconductors world markets less production costs open market u goods sanctions levied certain japanese television sets personal computers hand held power tools reagan imposing curbs said would lifted soon evidence pattern japan adhering pact reuter
southmark sm issue american realty rights southmark corp said shareholders issued special dividend rights acquire shares american realty trust shares southmark owned record date southmark shareholders receive rights may one ex dividend date april southmark received rights april six holder pct american realty trust outstanding shares reuter
tenneco transport gas open access tenneco inc said tennessee gas pipeline co largest interstate natural gas pipeline transport natural gas open access rules federal energy regulatory commission ferc open access gas pipelines serve purely transport company moving gas suppliers customers pipelines also transport gas customers earlier week transco energy co rejected ferc guidelines saying would offer open access regulatory body offers solution exposure faces gas bought could sell exposure faced industry stems take pay contracts pipelines bought gas long term contracts could sell problem grew severe customers cheaper sources gas open access industry analysts speculated earlier week tenneco might follow transco lead close pipelines open access take pay issue tenneco today said open access one steps ferc taking restructure gas industry u ferc moving industry restructuring even problems solved spokesman said tenneco faces billion dlrs exposure take pay contracts specific figure tennessee gas runs miles pipelines louisiana texas new england remain convinced critical issue facing industry take pay must resolved ferc near future failure could consequences industry continued ability provide customers reliable natural gas said tennessee gas transmission co president r c thomas reuter
texas american energy corp st qtr shr cts vs cts net vs revs mln vs mln reuter
savings bank st qtr net shr cts vs given net vs note company went public july reuter
spanish money supply growing double target pace spain principal measure money supply broad based liquid assets public hands grew annualised rate pct march pct february pct march last year provisional bank spain figures show bank target range year pct bank spain governor said month aiming lower end range grew pct reuter
apple bank savings rd qtr net shr dlrs vs dlrs net vs nine mths shr dlrs vs dlrs net mln vs mln assets billion vs billion deposits billion vs billion note qtr nine mths includes gain dlrs cts per share utilization tax loss carryforward qtr nine mths includes gain dlrs cts per share dlrs dlrs per shr respectively utilization tax loss carryforward reuter
san miguel deal hit lawsuits bid san miguel corp smc mn buy back mln sequestered shares united coconut planters bank ucpb hit two new lawsuits sources philippine food brewery company said manila court yesterday issued injunction barring ucpb selling shares represent pct smc outstanding capital stock mln shares hearings april petition filed eduardo cojuangco former chairman smc ucpb cojuangco said coconut industry investment fund mln farmers owners shares cojuangco said shares held trust ucpb represented blue chip investment petition said ucpb plans sell shares smc serious breach fiduciary duties smc sources said proposed share sale could also held second suit filed securities exchange commission sec eduardo de los angeles government nominee company board de los angeles represents smc minority stockholders asked sec block transaction approved last week company board april board repurchase sequestered shares billion pesos pesos per share de los angeles told sec company retained earnings billion pesos would wiped purchase shares would prevent declaration dividends de los angeles said share purchase would also violate smc agreement creditors maintain debt equity ratio quoted smc chief financial director ramon del rosario telling board transaction would boost ratio sec de los angeles amended earlier suit two weeks ago charged smc chairman andres soriano iii nine directors violating duties de los angeles earlier complaint related smc assuming last december mln dlr loan contracted smc hong kong subsidiary neptunia corp payment shares loan assumption ratified last week board meeting arbitration panel set president corazon aquino resolve ownership issue expected submit report april amended suit filed eduardo de los angeles part continuing attempt certain elements complete facts delay early disposition sequestered shares san miguel corp said statement coming san miguel corp ucpb reached agreement price shares method payment suit direct government expressed desire reach settlement controversy april statement added san miguel spokesman said comment cojuangco court petition adding statement coming us might interpreted meanwhile ramon diaz head government panel sequestered shares last year said soriano eligible buy major portion shares united states sequestered shares split mln shares owned mln b shares available foreign buyers smc sources said soriano personally among prospective buyers said shares would purchased soriano group companies smc neptunia unnamed institutional investors soriano named one buyers bid march mln shares controlled ucpb sale diaz presidential commission good government sequestered shares suspicion owned cojuangco close associate former president ferdinand marcos cojuangco lives self imposed u shares grew mln pct stock dividend announced last june objection soriano buying b shares diaz told reuters everything hold smc spokesman said know controversy would resolved company annual stockholders meeting scheduled may san miguel corp reported sales revenue billion pesos pct billion peso sales said unaudited net profit mln pesos increase pct reuter
applied solar energy corp nd qtr net qtr ended may oper shr profit three cts vs loss five cts oper net profit dlrs vs loss revs vs six mths oper shr profit ten cts vs loss cts oper net profit vs loss revs mln vs note oper data include extraordinary gain dlrs one ct per shr nd qtr dlrs four cts per shr six mths reuter
first city industries sells yale units mln dlrs securities
allwaste inc alws nd qtr feb shr profit four cts vs loss one cts net profit vs loss revs mln vs six months shr profit nine cts vs loss four cts net profit vs loss revs mln vs mln avg shrs mln vs mln reuter
wins mln dlr contract group inc said steel works unit received contract valued mln dlrs supply steel inc new car plant ontario said produce quebec ontario plants delivery completed august reuter
corp sets quarterly dividend qtly div cts vs cts prior pay may one record april reuter
elders purchase canadian brewer approved elders ixl ltd elxa said canadian government approved bid carling keefe ltd elders earlier announced buying mln shares pct carling canadian subsidiary rothmans international plc rot l canadian dlrs elders chairman john said statement offer ordinary shares closed april acceptances representing pct outstanding shares received ixl holdings would proceed acquire rest said reuter
u business loans fall mln dlrs june week fed says
plans interim dividend motor ltd pay dividend first half year ending april company expected mark billion yen parent company current loss first half due slow exports caused yen appreciation company spokesman said company paid dividend since year ended october paid five yen billion yen current profit first half reuter
ccx network make acquisition ccx network inc said entered letter intent acquire privately held modern inc affiliate inc dlrs common stock company said modern revenues dlrs year ended october provides computer service computer printing facilities reuter
ncnb corp ncb st qtr net shr cts vs cts net mln vs mln assets billion vs billion loans billion vs vs billion deposits billion vs vs billion reuter
fiji makes sugar payment get harvest started fiji sugar farmers receive interim payment crop four months ahead schedule move aimed getting harvesting drought hit crop way governor general sir ganilau said industry sources said latest forecasts crop indicated output tonnes well record tonne tel production may december crop year previous record set fiji produced tonnes past month fiji sugar farmers delayed harvesting crop pending response governor general demands following may ganilau said statement fiji sugar corp would make payment five dlrs per tonne final payment crop understanding preparations growers commencement harvesting would completed mills june crushing would commence mills june mills june said interim payment made june full amount share sugar proceeds received date balance paid october growers also called full forecast price dlrs per tonne cane paid cash delivery mill rejected state controlled fiji sugar corp ganilau said however addition scheduled delivery payment dlrs additional sum dlrs pct forecast price would paid december cane harvested november said ganilau said least one month advance expected date payment second payment cane balance second payment made six weeks end crushing another demand fiji small farmers estimated mln dlr loan fiji development bank cane crop rehabilitation programme written rejected request ganilau said however bank prepared carefully consider requests rescheduling loan repayments cases hardship case case basis response demand removed cane growing areas ganilau said army would restrict presence cane areas said directed authorities issue permits harvesting cane growers sugar industry trade unions hold necessary meetings preparation commencement harvest senior representatives sugar cane growers indicated desire commence soon possible added reuter
norcros profits advance year march shr p vs p final dividend p vs p making p vs p pretax profit mln stg vs mln turnover mln stg vs mln group operating profit mln stg vs mln share associates profits mln stg vs mln investment income mln stg vs mln interest payable mln stg vs mln tax mln stg vs mln leaving mln vs minorities debit mln stg vs debit mln extraordinary items credit mln stg vs debit mln operating profits breakdown class business building materials manufacture mln stg vs mln distribution mln stg vs mln specialist print pack mln stg vs mln international mln stg vs mln head office property mln stg vs mln discontinued sold businesses stg vs mln operating profits breakdown britain mln stg vs mln africa mln stg vs mln australasia mln stg vs stg north america mln stg vs mln note full name norcros plc l reuter
abbott laboratories st qtr net shr cts vs cts
fidelity federal savings loan rd shr cts vs cts net vs nine mths shr cts vs dlrs net vs note nine mths net includes loss dlrs sale securities nine recurring charge dlrs write fslic secondary reserve reuter
west germany still committed louvre accord west german government sources said bonn remained committed louvre accord stabilise currencies struck leading western democracies paris last february weekend u treasury secretary james baker criticised recent rises west german short term interest rates said developments spirit louvre pact said agreement may examined sources said west german interest rate rises seen context interest rate developments worldwide reuter
computer ca hand ibm computer associates international inc mln dlr merger uccel corp eliminate strongest rival company still faces stiff competition international business machines corp ibm wall street analysts said ibm still ruling force mainframe systems software said scott smith analyst donaldson lufkin jenrette combination two companies clearly present much stronger front said besides ibm computer associates far away powerful company field added e f hutton analyst quinn field segment market known system utilities software packages boost productivity company data processing facilities increasing speed power efficiency large mainframe computers merger uccel computer associates two biggest systems utilities suppliers ibm analysts said remaining players mostly small firms find competition much harder past computer associates merger uccel six year acquisition campaign garden city n based company top software industry deal completed sometime august company revenues exceed mln dlrs pushing past corp world largest independent software vendor computer associates founder chairman charles b wang took company public since bought companies boosted annual sales mln mln dlrs year ended march liemandt took charge sold non computer businesses decided would focus mainframe computer software company renamed uccel corp liemandt said leave company merger completed also turned acquisitions growth last day uccel completed six companies total mln dlrs earned mln dlrs dlrs share sales mln dlrs agreement took industry analysts surprise largely companies bitter rivals also dallas based uccel engineered strong days corp lost mln dlrs cts share time owned different businesses three involved computer software walter swiss financier major investor j liemandt away job chairman general electric co ge computer services unit computer associates wang uccel liemandt said news conference merger would give computer users single source wide range software products addition system utilities computer associates also sell products uccel made inroads applications software market analysts said successful accounting banking systems wang said computer associates would continue support enhance companies product lines noted company eventually offerings said pct companies products analysts said merger would dilute holdings current computer associates shareholders pct joined wang forecasting deal dilute computer associates earnings current fiscal year quinn e f hutton said wang proven track record completing acquisitions without earnings dilution therefore said would change earnings estimate dlrs share wang said would look closely combined operations two companies cut sales marketing research development analysts said computer associates paid premium uccel based friday closing price company swap dlrs worth stock uccel share nearly times uccel estimated earnings dlrs share stephen merrill lynch research said software companies currently valued times per share earnings analyst said uccel worth premium earnings potential customer base wang said swiss investor would hold pct computer associates stock merger currently owns pct uccel executive said merger would alter target maintaining sales earnings growth pct pct addition said expects problems deal cleared antitrust division u justice department uccel liemandt declined say merger rule working together wang reuter
malaysia advised raise crude oil output malaysia national oil company petronas advised government raise crude oil output barrels day bpd current bpd senior company official said capacity produce amount petronas vice president sector said government announce decision friday country budget malaysia raised output month current levels bpd reviewing world oil market may malaysia cut output bpd response call opec boost prices reuter
gaf gaf purchase pct stock gaf corp said board authorized repurchase time time seven mln common shares pct cash open market purchases private transactions company said repurchased shares april authorization buy back three mln shares authorization repurchases old program withdrawn yesterday gaf said group led chairman samuel j heyman decided reconsider offer acquire gaf gaf said revised offer group still possible reuter
international inc rd qtr shr loss five cts vs loss eight cts net loss vs loss revs vs avg shrs vs nine mths shr loss cts vs loss cts net loss vs loss revs vs avg shrs vs reuter
sumita welcomes u japan agreement louvre bank japan governor satoshi sumita said welcomed monday u west german joint confirmation commitment louvre accord sumita said statement world excessively concerned economic future bank japan continue adhere system policy coordination based upon louvre accord february said accord called stability foreign exchange rates exchange rates generally stability economies industrialised nations heading steady recovery said reuter
health rehabilitation initial payout health rehabilitation properties trust said declared dividend cts per share period ending march dividend may shareholders record april company said company said organized late closed public offering shares dec dividend includes five cts attributable period dec cts attributable first qtr ending march reuter
chemical chl marine midland mm cut prime chemical bank marine midland banks inc said cutting prime lending rate pct pct increase announced last week reduction effective immediately major u bank followed lead chemical marine midland preferring keep prime rates pct see course money market rates would take following monday record fall wall street stock prices money market rates fell sharply tuesday investors proceeds short term instruments federal reserve said prepared provide liquidity support economy financial system eurodollar deposit rates london fell much percentage point treasury bill rates fell much half point falling basis points monday fed funds rate dropped pct monday average pct speculation even discount rate cut calm markets dealers said reuter
standard oil says bp extends tender standard oil co srd said brief announcement issued meeting board directors british petroleum co plc bp l bp extended dlr per share tender offer midnight may offer pct standard shares owned bp due expire midnight april standard oil said discussions bp concerning tender continuing provided details long discussions continue recommendation made standard oil shareholders regarding offer standard said standard directors met company cleveland headquarters thursday regularly scheduled meeting spokesman unable say meeting would continue friday committee independent directors previously obtained opinion first boston corp standard shares worth dlrs dlrs bp offer reuter
conrac corp said entered talks acquisition several parties
products corp nd qtr sept shr cts vs cts net vs revs mln vs mln st half shr cts vs cts net vs revs mln vs mln note affiliate mckesson corp reuter
tektronix tek begins dutch auction tender tektronix inc said began previously announced dutch auction cash tender offer mln common shares terms offer company select single cash purchase price stock based number shares tendered exceed dlrs per share lower dlrs per share tektronix said company also said intend spend mln dlrs shares tendered stated tender offer expires july eight unless extended reuter
irwin magnetic systems inc st qtr net period ended sept shr nine cts vs cts net vs sales mln vs mln avg shrs vs note figures include tax credits dlrs three cts share reuter
union camp corp rd qtr sept shr cts vs cts net mln vs mln sales mln vs mln nine months shr dlrs vs dlrs net mln vs mln sales billion vs billion reuter
corp nd qtr sept net shr cts vs cts net vs revs mln vs mln avg shrs vs six mths shr cts vs cts net vs revs mln vs mln avg shrs vs reuter
phillips van corp st qtr shr cts vs cts net mln vs mln revs mln vs mln note includes lifo charge mln dlrs pension expenses declined dlrs due change accounting interest decreased dlrs reuter
supermarkets general sgl tender expires acquisition corp subsidiary merrill lynch capital partners inc said mln shares supermarkets general corp validly tendered midnight friday expiration resulting preliminary proration factor pct merrill lynch said expects announce final proration factor within business days begin payment immediately thereafter shares validly tendered represented pct outstanding shares supermarkets general announcement said cash tender offer mln shares dlrs net per share reuter
co nd qtr feb net shr cts vs cts qtly div cts vs cts prior net mln vs mln revs billion vs one billion six mths shr cts vs cts net mln vs mln revs billion vs billion note results include charge four cts shr latest six mths vs credit five cts shr prior six mths investment tax credit dividend payable june record may reuter
phillips p raises crude oil prices phillips petroleum corp said raised contract price pay grades crude oil cts barrel effective oct increase brings company postings west texas intermediate west texas sour grades dlrs barrel phillips last changed crude oil postings sept reuter
says received acquisition proposals
makes acquisition rehabilitation corp said acquired pine island sports medicine center fort fla facility rehabilitation center fort construction operation mid summer terms disclosed reuter
electro optics corp nd qtr shr cts vs cts net mln vs revs mln vs mln six months shr cts vs cts net mln vs mln revs mln vs mln avg shrs mln vs mln note quarter ended march six months includes charge dlrs due reversal investment tax credits reuter
rochester community savings bank nd second quarter ended may shr cts vs na net mln vs six mths shr cts vs na net vs note year ago per shr figures available bank converted stock ownership april nd quarter six mth net excludes dlrs cts share dlrs cts share respectively tax carryforwards nd qtr six mth net excludes dlrs dlrs respectively tax carryforwards reuter
latin caribbean nations oppose trade bills group latin american caribbean nations formally opposed trade legislation pending congress saying would curb exports slow development ability repay foreign debt mario rodriguez president organization american states special committee trade said aware large u trade deficit added region one affected trade bills said causes deficit strong dollar budget deficit solve trade bill would serve private u interests rodriguez made comment news conference two days meetings u officials trade bills congress designed reduce u trade deficit last year hit record billion dlrs congressional observers say bills aimed mainly japan taiwan south korea nations large annual trade surpluses united states mexico brazil venezuela latin nations large trade surpluses last year united states even mexico largest surplus billion dlrs japan billion dlrs european community also opposed bills rodriguez said latin caribbean nations backed reagan administration opposition many sections legislation including curb imports require retaliation foreign unfair trade practices told reporters committee would likely mount campaign fight legislation comes debate senate floor expected next week rodriguez said region needs trade continue development hope need affected trade legislation rodriguez said need keep market opens especially u market obtain necessary foreign exchange service debt also continue national development progress president reagan said would veto legislation termed protectionist aides mounting effort water provisions legislation asked whether reagan ready cast veto rodriguez said yet administration veto frame mind reuter
bastian technologies mulling cosmo bid new york based bastian technologies corp said acquired five pct stake cosmo communications corp considering move seek control company secure role affairs bastian technologies believes appropriate management policies business strategies company become profitable maximize shareholders underlying value company bastian said filing securities exchange commission bastian said alternatives considered include attempt acquire cosmo merger tender exchange offer seeking influence company management policies seeking representation cosmo board directors proxy contest otherwise bastian said may contact third parties regarding intentions toward cosmo adding intends request meeting cosmo representatives discuss investment cosmo stock bastian currently holds cosmo common shares five pct total outstanding shares purchased international inc october mln dlrs said reuter
gabelli firms pct stake digiorgio corp may seek control
usda estimates orange juice yield per box florida crop
continental information systems corp nd shr cts vs cts net vs revs mln vs mln six mths shr cts vs cts net vs revs mln vs mln note nd qtr end august per share amounts adjusted pct stock dividend paid june two reuter
corrected datron agrees buyout datron corp said agreed merge inc florida based company formed four top officers company according terms proposed transaction share datron common stock excluding shares owned four officers converted six dlrs share said datron officers hold pct total datron common shares outstanding said corrects company name first paragraph reuter
barnett banks files federal board barnett banks inc home federal bank florida said filed suit federal home loan bank board federal savings loan insurance corp companies said suit asks jacksonville fla federal district court enjoin enforcement rule adopted fhlbb last year seeks give jurisdiction barnett proposed acquisition home suit says rule reuter
saudi role gulf praised u officials saudi arabian crown prince bin abdul aziz reagan administration country close closed cooperation washington gulf senior u official said saudis cooperative would nice saudis would go public real estate said official asked named declined sort help saudis providing saying saudi officials reluctant role gulf united states forces protect shipping lanes prince met vice president george bush monday u naval forces attacked offshore iranian oil platforms washington said retaliation iranian attack ship kuwait flying u flag asked start meeting felt attack prince official visit replied believe united states done responsibility superpower senior u official said remark u attack reuter
int l research development st qtr net shr six cts vs three cts net vs revs vs note full name international research development corp reuter
products inc rd qtr net qtr ends may shr cts vs eight cts net dlrs vs dlrs revs dlrs vs dlrs nine mths shr cts vs cts net dlrs vs dlrs revs dlrs vs dlrs reuter
international inc sets payout qtly div five cts vs five cts prior pay june two record april reuter
equiticorp bid monier ltd equiticorp ltd etl said offer dlrs share cash issued capital monier ltd currently subject dlrs share bid csr ltd csra etl offer three shares plus cents cash monier share said statement previously reported etl moved market monier shares last week taking stake pct friday holds pct maximum allowed without foreign investment review board approval etl classified foreign new zealand base etl cash offer values monier issued capital mln shares mln dlrs mln csr bid based current price etl shares dlrs alternative worth dlrs per share etl said value placed shares offer diluted asset backing etl march etl said offer minimum acceptance conditions subject australian foreign investment u hart scott rodino anti trust etl chairman allan hawkins said statement shareholding monier long term investment etl international ltd associate targetted building products sector area expansion monier fits well aim added monier chairman bill said separate statement independent directors monier intend recommend acceptance etl bid absence higher bid also said monier proceed one two bonus issue announced interim results march view proposed takeover bids previously reported csr offer involves complex put call option deal monier major shareholder redland plc l gives redland choice accepting csr offer pct stake moving pct within six months bid closing csr officials made clear see redland taking second option resulting two companies running monier joint venture csr officials also said intention raising company bid monier etl intervention became public last week reuter
square corp st qtr net shr cts vs cts net vs sales mln vs mln reuter
irving bank corp st qtr shr dlrs vs dlrs
canada bank rate rises pct canada bank rate rose marginally pct pct last week bank canada said bank rate set one quarter percentage point average yield weekly issue day treasury bills week yield pct compared previous week pct tenders accepted billion dlrs day bills average price dlrs dlrs last week billion dlrs day bills priced average dlrs dlrs last week yield average pct pct last week mln dlrs day bills priced average dlrs dlrs last week yield average pct pct last week tenders received next week billion dlrs day bills billion dlrs day bills mln dlrs day bills reuter
software inc th qtr earnings april end shr loss cts vs shr profit cts net loss vs net profit revs mln vs mln avg shrs vs months shr loss cts vs shr profit cts net loss mln vs net profit mln revs mln vs mln avg shrs vs note figures restated reflect april acquisition distribution management systems inc accounted pooling interests results include first quarter non recurring charge mln dlrs tax impact cts per share attributable write remaining assets computer pictures corp november reuter
allied signal ald sells schlumberger slb allied signal inc schlumberger ltd jointly announced schlumberger acquired allied signal international unit terms disclosed atlanta ga based makes water meters flow measurement equipment sales last year mln dlrs reuter
one bancorp tone st qtr net shr cts vs cts net vs avg shrs vs note includes gains mln dlrs vs dlrs benefit tax loss carryforwards includes operations bank hartford acquired feb year ago shr figures reflect split april reuter
japan last ditch effort avert tariffs senior japanese officials tomorrow open talks american trade negotiators last ditch effort avert new high u tariffs imposed wide variety japanese electronic exports makoto kuroda vice minister japan ministry international trade industry miti hold two days meetings deputy u trade representative michael smith secretary commerce bruce smart new tariffs go effect april retaliation japan failure adhere agreement end dumping semiconductors world markets cost open home market u semiconductor shipments imposed goods use semiconductors including television audio equipment computers u japanese officials said little likelihood talks would anything avert pct duties mln dlrs worth japanese shipments president reagan announced planned tariffs march said close monitoring july u japanese semiconductor pact convinced u officials japan agreement making reagan said committed full enforcement trade agreements designed provide american industry free fair trade trade analysts said move aimed much japan semiconductor trade practices said injured u semiconductor industry congress complained presidential trade issues congressional democrats pledged aggressive trade laws counter reagan redress growing u trade deficit last year reached billion dlrs one third deficit japan reagan said recent signs japan beginning adhere pact terminating kuroda said leaving tokyo today new proposals explanation semiconductor situation told daily newspaper reagan decision based inaccurate data exaggerated sense miti power control japanese traders united states excessive expectations said stabilize supply demand relations disrupted excess inventories since take time also said u firms aggressive enough trying sell japanese market reuter
harcourt brace hbj calls special meeting harcourt brace jovanovich inc said called special meeting july vote increase authorized common shares mln mln increase preferred shares mln provision allowing payment preferred dividends stock property well cash company said june record date meeting harcourt fighting takeover bid british printing communication corp plc declared special dividend common stock dlrs cash pct preferred stock market value dlrs per share special dividend paid july reuter
cellular inc sell unit take gain cellular inc said reached definitive agreement sell assets wholly owned michigan cellular inc century telephone enterprises inc add cts share year earnings result said sale subject regulatory approval represents capital gain excess dlrs original price paid cellular cellular interests michigan acquired december reuter
avon products inc rd qtr net shr cts vs cts net mln vs mln sales mln vs mln avg shrs mln vs mln nine mths shr dlrs vs dlrs net mln vs mln sales billion vs billion avg shrs mln vs mln reuter
u international sell insurance units u international co said reached preliminary agreement sell hawaiian insurance cos hawaiian electric industries inc terms transaction disclosed company said transaction subject execution definitive agreements certain governmental approvals approvals boards directors involved u international said hawaiian electric said planned purchase part strategy increase company investment selected service industries hawaii including financial services reuter
danish reserves rise billion crowns may denmark net official reserves rose billion crowns may billion april billion may central bank said monthly balance sheet report total net reserves including reserves held commercial major savings banks corrected exchange rate adjustments rose billion crowns may billion april billion may bank said statement public loan transactions accounted net capital import billion crowns may net registered private capital imports billion net sale danish crown bonds countries totalled billion crowns balance purchase sale foreign securities statement added central bank said figures private bank reserves registered capital movements provisional estimate yet movements therefore possible basis draw conclusions developments external current account statement added reuter
health properties buy properties health rehabilitation properties trust said reached understanding purchase three nursing facilities mass conn mln dlrs rehabilitation group inc buildings leased back initial term seven years subject renewal options additional years health rehabilitation properties said transaction expected close august reuter
great atlantic gap withdraws bid great atlantic pacific tea co inc said withdrew offer acquire inc dlrs share mln dlrs made earlier month michael p vice president said company withdrew offer respond market conditions would comment whether p would make another offer acquire reuter
national distillers dr sell spirits unit national distillers chemical corp said signed definitive agreement sell spirits division mln dlrs james co unit american brands inc amb sale spirits division made company previously announced plan sell spirits wines businesses said wine business sold last month mln dlrs heublein inc part grand metropolitan plc national distillers said purchase price paid cash national distillers spokeswoman said sale permits national focus core businesses chemicals propane marketing proceeds sale used repay debt corporate purposes company said separate statement american brands said sale would mln dlrs plus assumption liabilities sale would subject compliance hart scott rodino antitrust improvements act regulatory approvals company said national spirits business sales mln dlrs american brands said national spirits brands include vodka supreme canadian reuter
computer task group inc rd qtr net shr cts vs cts net vs revs mln vs mln avg shrs vs nine mths shr cts vs cts net vs revs mln mln avg shrs vs reuter
morgan pretax profit rises mln stg year december shr p vs p div p vs p making p vs p turnover mln stg vs mln pretax profit mln vs mln tax mln vs mln operating profit mln vs mln investment income mln vs mln net finance charges mln vs mln company full name morgan co plc l minorities provisions preference dividends mln vs mln extraordinary debit mln vs mln credit operating profit includes carbon mln vs mln technical mln vs mln mln vs mln speciality chemicals mln vs mln electronics mln vs mln reuter
inc rd qtr net shr loss two cts vs profit two cts net profit vs profit revs mln vs mln nine mths shr profit one cent vs profit cts net profit vs profit revs mln vs mln note qtr nine mths includes gain dlrs one cent per share dlrs six cts per share respectively utilization tax loss carryforward qtr nine mths includes gain dlrs one cent per share gain dlrs six cts per share respectively utilization tax loss carryforward nine mths includes loss dlrs cts per share early extinguishment debt reuter
ball corp completes acquisition ball corp said completed purchase privately held verac inc san diego defense systems software development company terms acquisition disclosed verac sales mln dlrs verac operate san diego part ball technical products group reuter
todd shipyards struck west coast todd shipyards corp said production workers represented multi union pacific coast metal trades district council san francisco division struck april six said negotiations expected resume end month todd also said collective bargaining division effect galveston division expires april negotiations galveston metal trades council continuing company said results new collective bargaining agreement proposal seattle division expected close business tomorrow pacific coast council recommended acceptance proposal membership todd said reuter
raytheon co st qtr net shr dlrs vs dlrs net mln vs mln revs billion vs billion avg shrs mln vs mln reuter
service corp capital southwest stake service corp international said investment capital corp unit sold entire pct stake capital southwest corp common stock longer holds capital southwest shares filing securities exchange commission investment capital said sold shares capital southwest common stock since september dlrs dlrs share reason given recent sales reuter
applied data buy applied data communications said agreed acquire privately held technology inc wash undisclosed amount cash stock technology designs sells high capacity high speed computer peripheral primarily data storage applied data said reuter
world car phone rules international telecommunications union regulates communications worldwide decided end five week conference allow mobile phone systems linked telecommunications officials said car linked land stations limited mainly urban areas new ruling make easier calls made remote regions meeting finished weekend also decided allow radio determination satellite system would enable fleet owners trace within metres movements cars ships around world reuter
lyng says india food aid package ready united states india yet agreed food aid package help drought asian country agriculture secretary richard lyng said lyng told reuters interview two countries discussing package expect specifics offer announced indian prime minister visit week talking potential needs india might commercial market purchases needs well possibilities assistance lyng said point detailed plan program amounts commodities uncertain indicated stand ready assist whatever way valuable said speculation trade usda would offer india subsidized vegetable oil export enhancement program surplus corn section amended law lyng indicated two countries unable agree mix concessional commercial aid washington would prefer package include something donated food capable purchasing lot taking care india country come long way ability produce food great lyng said united states obviously surpluses still many commodities would like share import business always people india would like cooperate said lyng said plans meet indian officials visit adding know anything might announced specifically asked ball court said yes leave washington tuesday evening reuter
magellan sets merger balzac investments magellan corp said shareholders approved merger magellan investments inc privately held company based dallas magellan company without operations formed acquire operating entity said plans engage development marketing battery product owned balzac magellan disclose terms agreement following merger balzac shareholders hold pct outstanding stock magellan company said magellan said surviving corporation following merger companies said expect merger occur declaration effectiveness amendment magellan registration statement relating common stock purchase warrants underlying shares reuter
lex service buys sears motor group lex service plc l said acquired sears motor group ltd retail motor distribution arm sears plc l mln stg loan note payable sears motor mln stg purchase mln stg cash issue sears plc mln new lex ordinary shares company said statement immediately following acquisition motor group car commercial vehicle contract hire fleet vehicles sold lex vehicle leasing ltd mln stg cash sum equal net book value vehicles transferred lex vehicle owned equally lex services lombard north central plc lex said shares involved transaction today placed sears plc institutions p shares qualify final lex dividend april lex said statement acquisition sears motor group represents major development automotive activities enlarged retailing operations lex automotive group turnover mln stg lex existing automotive interests include volvo sole importer volvo cars parts u k lex said turnover sears motor group year december mln stg date acquisition group mln stg external borrowings lex shares fell announcement trade around p p close yesterday reuter
shipping sources say unidentified raid iranian oil platforms southern gulf
still merger talks corp said special committee board continuing talks corp terms offer acquire dlrs per share said arranged preliminary financing reuter
inc year net year ended march shr cts vs dlrs net vs rev mln vs mln reuter
wells gardner corp rd qtr net shr profit three cts vs loss two cts net profit vs loss revs vs nine mths shr profit cts vs loss nine cts net profit vs loss revs mln vs mln reuter
sri tea workers launch one day protest thousands tea workers indian origin went strike today press demands voting rights sri lanka union statement said workers congress said members launched campaign temples places non violent protest get authorities procedures spokesman said three day campaign suspended cabinet committee promised speed procedures new set regulations trade sources said strike affect production today colombo auction reuter
sec says campeau unit violated disclosure rules securities exchange commission charged allied stores corp failing promptly disclose key steps taking last september thwart takeover attempt campeau corp administrative complaint sec said allied legal adviser failed promptly shareholders agency begun talks ohio shopping center developer edward debartolo response campeau takeover offer campeau acquired allied estimated billion dlrs jan following battle debartolo sept day allied disclosed board urged rejection campeau sept tender offer dlrs share allied began negotiating sale six shopping centers debartolo sec said allied legal advisor director george kern heads merger acquisitions group new york law firm sullivan decided allied sec filing disclose talks even though resulted sales price mln dlrs shopping centers said securities law requires takeover target companies promptly disclose things sale major assets day campeau increased tender offer pct allied stock pct raised bid dlrs share dlrs sept allied partnership headed debartolo began negotiating takeover deal aimed campeau sec said kern decided disclosing talks amended sec filing agency charged allied first disclosure debartolo takeover made oct even though board approved merger oct merger agreement executed oct complaint said debartolo campeau later engaged bitter battle control allied campeau winning later october bought block mln shares allied stock pct total controversial move made minutes dropped hostile tender offer acquisition additional pct federal judge allowed completed gave campeau majority stake allied campeau bought rest dlrs share sec said planned file court brief joining allied charging campeau engaged illegal tender offer sec brief never filed since case dropped following agreement campeau debartolo administrative proceeding allied kern sec asking administrative order comply reporting provisions securities laws future although allied longer publicly traded since became subsidiary campeau still files annual quarterly reports sec outstanding debt reuter
canada wilson comment dome dmp finance minister michael wilson said early comment tax implications transcanada pipelines ltd billion dlr offer dome petroleum ltd specific offer transcanada course made details elements proposal wilson told house commons daily question period opposition parties wilson possible loss tax revenue takeover completed large tax credits held dome reuter
p c foods inc food rd qtr net oct end shr cts vs cts net vs revs mln vs mln avg shrs vs nine months shr cts vs cts net vs revs mln vs mln avg shrs vs reuter
london international raise profits mln year march final dividend p vs p making p vs p share p vs p pre tax profit mln stg vs mln net profit mln vs mln turnover mln vs mln note london international group plc l said sharply increased sales condoms led particularly strong start year considerable confidence future reuter
southmark sm offer special dividend southmark corp said issue shareholders special dividend right acquire shares american realty trust shares southmark right entitles holder buy one share beneficial interest american realty trust price dlrs per share southmark said southmark said offer record date may ex dividend date april adding issue rights shareholders may offer expire may southmark said received rights april holder pct american realty trust outstanding shares holders fewer southmark shares would receive rights acquire fewer american realty shares paid cash lieu rights distribution company said southmark said cash price paid based average closing market price rights american stock exchange first ten days rights traded beginning april order get dividend rights southmark shareholder must common stock ex dividend date april company said southmark said common stock traded ex rights basis reuter
hawaiian electric buy hawaiian insurance hawaiian electric industries said entered letter intent buy hawaiian insurance companies transaction subject definitive agreement government board approvals hawaiian insurance companies ad assets end mln dlrs earned premiums mln dlrs hawaiian electric said plans operate employees current management reuter
morrison corp rd qtr loss oper shr loss dlrs vs profit cts oper net loss mln vs profit mln revs mln vs mln nine mths oper shr loss dlrs vs profit dlrs oper net loss mln vs profit mln revs billion vs billion note qtr nine mths excludes loss mln dlrs dlrs per share loss mln dlrs dlrs per share respectively discontinued real estate operations qtr nine mths include loss dlrs one cent per share gain dlrs three cts per share respectively discontinued operations reuter
financial security acquired financial security savings loan association said signed letter intent controlling interest acquired investor group led south florida developer william terms disclosed reuter
assets u money funds fell mln dlrs latest week billion
lord abbett co mutual fund dividends lord abbett bond debenture fund qtly div cts vs cts prior pay may record april lord abbett u government securities fund daily div cts vs cts prior pay may record may lord abbett tax free income fund national series daily div cts vs cts prior pay may record may lord abbett tax free income new york series daily div cts vs cts prior pay may record may lord abbett tax free income texas series daily div cts vs cts prior pay may record may lord abbett california tax free income daily div cts vs cts prior pay may record may reuter
force majeure lifted peru state minerals marketing arm peru sa minpeco lifted force majeure zinc ingot shipments country biggest zinc refinery spokesman said spokesman said problems affecting acid roaster plants halted production since may resolved however said production zinc ingots year expected fall around tonnes year tonnes stoppage refinery annual production capacity tonnes highest production tonnes refined zinc ingots spokesman said reuter
national mutual cuts australian prime pct national mutual royal bank ltd said would cut prime rate pct effective april cut follows trend toward lower rates started last month accelerated westpac banking corp yesterday cut prime pct pct westpac pct lowest prevailing rate reuter
alcoa raising prices aluminum beverage stock eight pct
gencorp inc says sell general tire continental mln dlrs
fiat unit reports sharply higher profit year net profit billion lire vs billion ordinary share dividend lire vs note finanziaria di spa financial services subsidiary fiat spa fiat mi said statement shareholders approved previously announced nominal share capital increase billion lire billion reuter
justice opposes quick greyhound trailways merger justice department said asked government proceed cautiously plan allowing nation two largest bus companies merge operations move one firms said may deal justice opposition quick federal approval bid greyhound lines inc take immediate control trailways corp prompted greyhound threaten brief filed interstate commerce commission icc drop merger plan greyhound officials told reuters late today company hoped icc action merger tomorrow greyhound lines go forward transaction permitted assume immediate unconditional control trailways operations integrate operations greyhound said filing icc federal regulatory agency final say mergers interstate bus companies justice said earlier filing icc wanted agency move slowly plan turn greyhound request begin operating trailways immediately department begun receive relevant information trailways financial condition process assessing company allegations acting assistant attorney general charles rule said comments submitted icc greyhound announced june wanted icc let begin operating trailways immediately continuing evaluate merger possible antitrust problems greyhound said would pay mln dlrs many trailways terminals buses two companies said papers filed icc trailways could collapse matter days said trailways owed suppliers six mln dlrs another six mln dlrs due june suppliers said could force trailways bankruptcy time trailways also owes consortium banks mln dlrs consortium threatened call loan trailways fails pay interest due june said reuter
paris group publishing daily franc tin price association white metals decided publish daily tin price french francs per kilos french federation non ferrous metals said price quoted first time yesterday introduced lack tin quotes causing problems french companies spokesman non ferrous metals association said today price set francs per kilos tuesday international chamber commerce stopped publishing tin price london metal exchange lme stopped tin trading october association tested basis uses calculate french franc price last months ensure reliable spokesman said french franc price pre tax specified quality minimum pct purity french port border railway station minimum delivery tonnes french federation non ferrous metals groups various metal associations including association white metals reuter
stoltenberg says assumes monetary cooperation continue
mexican inc th qtr net sept end shr cts vs cts net revs mln vs mln avg shrs vs year shr cts vs cts net vs revs mln vs mln avg shrs vs fiscal net periods includes charge dlrs adjust premium reserves workers compensation liability insurance claims reuter
corp st qtr mar shr cts vs cts net vs revs mln vs mln reuter
lilly industrial coatings inc payout qtly div cts vs cts prior pay july one record june reuter
fed seger says foreign exchange markets showing signs stability
iran warns u raising tension gulf iran warned united states monday gulf crisis saying would endanger american interests tehran radio monitored british broadcasting corporation said spokesman iran war information headquarters responding u officials remarks taking military action iran radio also quoted iranian foreign ministry spokesman saying iran would respond aggressive measure united states radio said spokesman made statement following attack kuwaiti ship u flag comments american officials carrying retaliatory action iran spokesman said u military iran certainly beginning extensive persian gulf policy act tension reuter
ball corp completes acquisition verac ball corp said completed acquisition privately held verac inc terms disclosed company said san diego based defense systems software development company sales mln dlrs operate part ball technical products group reuter
corp gmt rd qtr net shr cts vs cts net vs revs mln vs mln avg shrs vs nine mths shr dlrs vs dlrs net vs revs mln vs mln avg shrs vs note earnings include loss discontinued operations dlrs cts share quarter gain dlrs cts share nine months reuter
corp rd qtr oct three net shr profit cts vs profit three cts net profit vs profit revs mln vs mln avg mln vs mln nine mths shr profit cts vs loss cts net profit mln vs loss revs mln vs mln avg shrs mln vs mln reuter
fabrics inc cis rd qtr oper net period ended may oper shr cts vs cts oper net vs sales mln vs mln nine mths oper shr dlrs vs dlrs oper net vs sales mln vs mln note period ended june one note earnings exclude gain disposal discontinued operations dlrs nine cts share vs loss dlrs cts share quarter gain dlrs cts share vs loss dlrs cts share nine months earnings exclude losses discontinued operations dlrs six cts share quarter dlrs cts share nine months reuter
anchor glass container corp rd qtr net shr cts vs cts net vs revs mln vs mln nine mths oper shr dlrs vs dlrs oper net mln vs mln revs mln vs mln avg shrs mln vs mln note nine mths net exclude dlr gain reversion pension assets net periods includes pretax charge dlrs amortization goodwill reuter
fed data provide new evidence tighter policy u banking data released today distorted draw sweeping conclusions monetary policy support market assumption federal reserve started tighten grip credit economists said clear fed firmed somewhat discount window borrowings net free reserves fed funds rate average pattern reserve additions consistent modest tightening said johnson first chicago corp johnson several economists estimate fed funds rate trade pct discount window borrowings week wednesday mln dlrs day producing daily average two week statement period mln dlrs highest since week december mln dlrs previously moreover banks forced borrow huge billion dlrs fed wednesday highest daily total year even though unexpectedly low treasury balances fed day left banks two billion dlrs reserves fed anticipated however economists said almost certain fed aiming much lower discount window borrowings week pointed two factors may forced banks reserves end week first economists expect money supply week ended april rise billion dlrs partly reflecting accounts proceeds stock market sales mutual fund pay annual income taxes banks account liabilities rise reserves required hold deposit fed required reserves indeed rise sharply billion dlrs day two weeks ended wednesday economists said fed may believed magnitude projected surge late week started add reserves late second apparent shortage treasury bills apparently left wall street dealers little collateral repurchase agreements fed economists said thus although billion dlrs repos outstanding wednesday night fed may wanted add even reserves prevented fed add much wanted shortage collateral said ward mccarthy merrill lynch economics inc mccarthy estimated fed discount window borrowings mln dlrs day equivalent fed funds rate around pct citing reasons fed probably tightened credit degree suggested data economists said fact fed delayed arranging overnight reserves last day statement period good sign restrictive policy jeffrey leeds chemical bank convinced fed tightening policy reviewing today figures said fair say fed may moving toward slightly less reserve leeds expects fed funds trade pct said fed unlikely raise discount rate unless dollar fall pace johnson first chicago agreed citing political opposition washington dollar defense package time congress sees dollar depreciation key reducing u trade surplus japan reuter
first oak brook rd qtr net shr cts vs cts net vs nine mths shr dlrs vs dlrs net vs note full name first oak brook bancshares inc reuter
international research rd qtr payout qtly div nine cts vs nine cts prior qtr pay nov record nov note full name international research development corp reuter
prospect group pct brinkmann new york based prospect group inc said acquired shares brinkmann instruments inc common stock pct scientific instrument maker common stock outstanding filing securities exchange commission prospect group said bought brinkmann shares open market transactions august october dlrs dlrs total mln dlrs prospect group said bought stock establish significant minority equity interest company intend seek control brinkmann present time prospect group said review investment objectives regarding brinkmann warranted market conditions company performance factors including discussions brinkmann management reuter
u commerce dept opposes foreign takeover ban commerce undersecretary j michael opposed language trade bill congress limit foreign takeovers u companies anything would serve effect foreign investment going cost us jobs economic growth said congressional house senate negotiators differences trade bills passed negotiators reach agreement bill sent president reagan signature reuter
liberty financial announces merger equimark liberty financial group inc parent liberty savings bank said signed definitive agreement acquired equimark corp parent dlrs share liberty transaction structured merger liberty formed unit equimark company said liberty shareholders receive dlrs per share merger company said according companies acquisition contingent upon approval liberty shareholders appropriate regulatory authorities liberty said acquisition unit liberty savings bank equimark corp result bank operating separate wholly owned unit equimark charles chairman president liberty financial liberty savings continue president chief executive officer liberty savings headquartered pa company said liberty said feels price dlrs cash per share attractive advised shearson lehman brothers price fair reuter
general partners sells gencorp gy stake general partners texas partnership recently ended bid take gencorp inc told securities exchange commission sold nearly remaining pct stake company general partners said sold shares gencorp april dlrs share open market transaction new york stock exchange said sale leaves gencorp common shares partnership includes wagner brown midland texas irvine calif based afg industries inc last week dropped dlr share hostile tender offer reuter
mac adjusts short term discount rates federal home loan mortgage corp adjusted rates short term discount notes follows maturity rate old rate maturity days pct pct days reuter
national city bancorp pct dividend national city bancorp said directors annual meeting declared pct stock dividend payable may record april reuter
first florida banks rd qtr net shr cts vs cts net mln vs mln nine mths shr dlrs vs dlrs net mln vs mln assets billion vs loans billion vs billion note rd qtr includes securities tax gain dlrs cts share reuter
dow chemical co dow rd qtr net shr dlrs vs cts net vs sales billion vs billion avg shrs vs nine mths shr dlrs vs dlrs net vs sales billion vs billion avg shrs vs note earnings include loss mln dlrs one ct share quarter early extinguishment debt earnings include losses nine months mln dlrs two cts share vs mln dlrs four cts share early extinguishment debt reuter
gte corp gte st qtr mar shr cts vs cts net mln vs mln revs billion vs billion avg shrs mln vs mln reuter
universal medical distribution set qtly distribution cts vs cts prior excluding cts special pay april record april note full name universal medical buildings l p reuter
credit commercial de france splits shares french commercial bank credit commercial de france split shares four increase number shares offer privatised end month company official said told reuters general assembly passed proposal mln shares francs nominal around mln shares francs nominal market sources put total value selloff four five billion francs bank said share sale price likely announced april launch public flotation offer april reuter
inc nd qtr sept net shr profit cts vs loss cts net profit vs loss sales mln vs mln avg shrs vs st half shr loss cts vs profit cts net loss vs profit sales mln vs mln avg shrs vs note half net includes pretax gain dlrs sale option buy facility backlog mln dlrs vs mln dlrs end previous quarter mln dlrs end prior year second quarter reuter
pakistan reportedly bought white sugar tender pakistan reported bought tonnes white sugar weekend tender north korean operator traders said purchase believed priced around dlrs tonne cost freight fine medium grain due shipped arrival may tonnes june july tonnes said reuter
safeway agrees severance dallas workers united food commercial workers union said unlisted safeway inc agreed provide severance pay workers dallas area resulting closure division last april union said total severance payment five mln dlrs said division closed result billion dlrs debt incurred leveraged buyout last year union said filed suit following leveraged buyout protect claims union members leveraged buyout implemented ward bid dart group corp darta reuter
wallace computer buy office products firm wallace computer services inc said acquired mln dlrs cash industrial revenue bonds certain assets rockwell barnes inc chicago based office products company reuter
usda estimates soviet grain crop mln tonnes vs march year ago
uganda plans export roasted coffee europe uganda plans export roasted coffee europe end prominent local businessman said r said sunday uganda ministry industry supports plan build factory grind pack local coffee export construction start december factory ready next october said marketing ministry authorised coffee marketing board supply company tonnes beans year processing export also told reporters negotiated mln french franc loan banque oriental paris uganda world fifth largest coffee producer expects produce tonnes year market sources say roasted coffee exports benefit uganda economy included mln kg bag export quota assigned country latest international coffee agreement addition value roasted coffee substantially higher beans said u biggest buyer ugandan coffee used produce coffee reuter
tie communications tie agreements tie communications inc said renewed agreements sell gte corp gte bell atlantic corp corp us west inc two years company providing small mid key telephone systems gte key systems data star systems others reuter
bethlehem steel bs sets steel price increases bethlehem steel corp said prices steel sheet products increased dlrs ton effective january increases affect certain non contract spot transactions achieved reductions competitive discounts company said transaction prices contract accounts six months also increased levels percentage increases immediately available prices flat rolled steel sheet used appliances products vary widely dlrs ton company said taking actions restore sheet transaction prices equitable levels many cases prices still lower said bethlehem also said response changing market conditions potential inflationary pressures efforts made number firm price contracts reuter
csr declares pioneer sugar bid unconditional csr ltd csra said declared unconditional takeover bid pioneer sugar mills ltd following pioneer recommendation shareholders accept meant pioneer shareholders would paid shares tendered within days csr said statement csr statement follows industrial equity ltd disclosure yesterday built pct stake pioneer dlrs share csr cash bid csr also offering one share currently worth dlrs plus cash every two pioneer shares values pioneer per share holds pct pioneer reuter
u first time jobless claims fell week new applications unemployment insurance benefits fell seasonally adjusted week ended march prior week labor department said number people actually receiving benefits regular state programs totaled week ended march latest period figure available previous week reuter
boeing ba acquire defense electronics firm boeing co argosystems inc said reached agreement boeing acquire calif defense electronics firm mln dlrs boards companies approved merger tender offer boeing subsidiary dlrs share cash argosystems shares companies said agreement boeing subsidiary holdings corp begin tender offer promptly least pct shares tendered offer pct companies said argosystems granted boeing option buy shares pct outstanding stock dlrs share said also bill may chairman argosystems three officers granted boeing option buy shares another pct outstanding stock dlrs share argosystems makes equipment monitor analyze military communications signals electronic equipment monitor signals signal processing systems nine months ended march argosystems reported earnings doubled mln dlrs cts share mln dlrs cts year ago period included mln dlr charge writedown securities sales rose pct mln dlrs sales expected exceed mln dlrs fiscal year ending june companies said joint statement company backlog currently mln dlrs said employees pct argosystems business comes international customers argosystems clear leader field association expand overall activities significantly enhance ability compete defense electronics area boeing president frank said statement argosystems operate wholly owned subsidiary boeing co merger following tender offer subject approval argosystems shareholders companies said tender offer merger subject conditions expiration hart scott rodino notification waiting period said reuter
colonial american bankshares corp st qtr shr cts vs cts qtly div cts vs cts prior net vs note share adjusted pct stock dividend november dividend pay may one record april reuter
reduces spartech stake technology corp told securities exchange commission sold spartech corp common shares reducing stake spartech shares pct total outstanding said made sales april counter market gave reason sales reuter
icco buffer stock manager buy tonnes cocoa wednesday june official
bsn bsn purchased macgregor stock bsn corp said purchased macgregor sporting goods common stock recent open market transactions bsn said position less five pct ownership would require specific disclosure company review position may increase decrease number shares owned added reuter
rai research corp rd qtr feb shr one cts vs cts net vs revs mln vs mln nine months shr cts vs cts net vs revs mln vs mln note net includes loss nine months discontinued gain dlrs rd qtr reuter
chemical corp rd qtr net shr cts vs cts net mln vs mln sales mln vs mln nine mths shr dlrs vs dlrs net mln vs mln sales mln vs mln reuter
harcourt hbj debentures may trigger suit holders convertible subordinated debentures harcourt brace jovanovich inc threatened company get information investment affected company proposed recapitalization plan holders none willing identified said although harcourt urged convert shares common stock june eight record date special dividend unable determine might better continue holding debentures rumors various houses bring litigation get said wall street source officials harcourt declined comment citing suit brought british publisher robert maxwell whose trying acquire harcourt executives first boston inc harcourt financial adviser return telephone call seeking comment announced recapitalization may harcourt advised holders pct convertible subordinated debentures due convert common june eight record date company special dividend harcourt special dividend pays dlrs per share cash plus security worth dlrs holders would also retain stock firm debentures convertible dlrs per share harcourt may announcement said conversion price would adjusted according covering securities arbitrageurs said conversion formula yielded negative number thus needed information company reuter
uk average earnings rose pct year april underlying rise pct official
venezuela budget sees dlrs oil price venezuela government tomorrow budget proposal billion based upon oil price dlrs per barrel finance minister manuel azpurua said azpurua told reporters cabinet meeting new budget projects ordinary income billion extraordinary income billion oil revenues expected produce billion pct total finance minister said oil revenue projection based average price dlrs per barrel venezuelan oil first half averaged dlrs per barrel according state oil company petroleos de venezuela reuter
bancorporation st qtr net shr cts vs cts net vs assets billion vs billion deposits billion vs mln loans mln vs mln return avg assets pct vs pct reuter
cleveland inc rd qtr net shr loss nine cts vs loss dlrs net profit vs loss mln revs mln vs mln nine mths shr loss dlrs vs loss cts net loss mln vs loss mln revs mln vs mln note qtr includes loss mln dlrs non recurring tax charges due almost entirely company recent buyout tilden mine debt obligations nine mths includes loss mln dlrs pre tax charge reduce carrying value company land drilling rigs nine mths includes pre tax gain mln dlrs sale uranium reserves nine mths includes pre tax gain mln dlrs sale iron ore interest western australia reuter
hong kong firm ups wrather stake pct industrial equity pacific ltd hong kong investment firm said raised stake wrather corp shares pct total outstanding common stock shares pct filing securities exchange commission industrial equity principally owned brierley investments ltd publicly held new zealand firm said bought wrather common shares may dlrs share mln dlrs total reuter
bankers trust bt rd qtr net shr dlrs vs dlrs net mln vs mln nine months shr loss dlrs vs profit dlrs net loss mln vs profit mln avg shrs mln vs mln assets billion vs billion deposits billion vs billion loans billion vs billion note nine month loss reflects mln dlr increase loan loss provisions without tax benefit third quarter net income would mln dlrs pct mln dlrs third quarter non interest income totaled mln dlrs third quarter pct mln dlrs largely due increased income foreign exchange trading fees commissions foreign exchange trading income totaled mln dlrs mln year ago provision loan losses third quarter mln dlrs mln year previously september provision loan losses jumped billion dlrs mln time last year reuter
rite aid corp st qtr may oper shr cts vs cts oper net mln vs mln revs mln vs mln note st quarter net excludes gain mln dlrs dlrs share discontinued operations reuter
squibb corp rd qtr net shr dlrs vs cts net mln vs mln revs mln vs mln nine mths shr dlrs vs dlrs net mln vs mln revs billion vs billion note per shr amounts reflect split shareholders record june qtr nine mths exchange rate fluctuations favorable sales impact mln dlrs mln dlrs respectively net nine mths includes income discontinuing operations mln nine cts per shr income mln dlrs four cts per shr qtr reuter
dinner bell foods inc st qtr sept shr dlrs vs seven cts qtly div cts vs cts prior qtr net vs sales mln vs mln note net includes pre tax gain dlrs termination retirement plan salaried employees dlrs charge reorganization costs dividend payable november holders record november two reuter
holiday corp hia sells stake venture inn corp said agreed buy holiday corp owned joint venture mln dlrs closing expected within next weeks inn system extended currently open company owned hotels nationwide another construction development reuter
japan international cocoa agreement japan international cocoa agreement effect july renew membership international cocoa organisation icco foreign affairs ministry officials said said japan would participate icco meeting july london revise icco buffer stock policy effect since january government approval participate icco delayed parliamentary debate sales tax issue officials said reuter
pentagon says u warships begin gulf tanker south kuwait
new york state electric gas corp rd qtr oper shr cts vs cts oper net mln vs mln revs mln vs mln avg shrs mln vs mln nine mths oper shr dlrs vs dlrs oper net mln vs mln revs mln vs mln avg shrs mln vs mln mths oper shr dlrs vs dlrs oper net mln vs mln revs billion vs billion avg shrs mln vs mln note nine month month operating net excludes charges mln dlrs mln dlrs reflecting costs utility pct share nine mile point number two nuclear power plant abandoned nuclear project respectively charges resulted nine month share loss dlrs month share loss dlrs reuter
northern trust net hurt brazil loans northern trust corp said first quarter earnings reduced dlrs placing mln dlrs loans brazil six mln dlrs loans ecuador cash basis loans remain nonperforming basis rest net income year cut mln dlrs bank said earlier posted net income period mln dlrs cts share mln dlrs cts share total nonperforming assets mln dlrs march mln dlrs december mln dlrs march bank said provision loan losses first quarter eight mln dlrs compared mln year ago net loan charge offs six mln dlrs mln dlrs year ago reserve loan losses mln dlrs two pct outstanding loans higher mln dlrs pct loans outstanding march reuter
hayes canada ltd nine mths net shr cts vs dlrs net vs sales mln vs mln reuter
china aluminium venture aims south korea china australia victoria state signed joint venture contract mln dlr aluminium processing plant china export south korea australian officials told journalists china official direct trade government ties seoul maintains close links north korea china international trust investment corporation citic would pct equity aluminium industries ltd company build rolling mill extrusion plant northeast china coast said china largest joint venture far said joint venture opens potential markets would otherwise possible china victoria state treasurer said australian diplomat said citic eager pursue south korean markets indirect trade china seoul growing officially victoria ltd behalf state government hold pct equity stake project intended sister plant victoria portland aluminium smelter citic may agreed invest mln dlrs portland china based joint venture would process portland aluminium aim sell aluminium products domestic chinese market well export said australian side investment limited mln dlrs would right appoint key managers said australian officials said hoped goodwill generated participation would lead citic investment victoria chinese group enjoys high level independence peking central government extensive overseas investments reuter
german june cost living pct year ago may rise pct official
lawson calls intervention proof stability goal scale foreign exchange intervention bank england carried recently clear proof britain determination stabilise exchange rates agreed group seven industrialised countries paris february chancellor exchequer nigel lawson said saying content sterling current value lawson told reporters wanted maintain exchange rate stability signed declined say favoured rise fall present sterling levels may currency reserves today showed record billion stg rise pointing massive currency intervention april reserves rose billion stg pointing reserves data lawson said playing full part meeting commitments toward exchange rate stability agreed paris wish see stability continuing added asked techniques available preserve stability lawson said central bank intervention interest rate changes could used tackle market pressures time time interest rate stability objective sense rates moved times added lawson said expected intervention draining excess sterling liquidity market new issues government securities foreign currency sales market allowed would limit inflationary impact intervention said market tactics necessarily month intervention occurs lawson said confident scale reuter
corp rd qtr march net oper shr cts vs five cts oper net vs sales mln vs avg shrs mln vs mln nine mths oper shr cts vs cts oper net vs sales mln vs mln avg shrs mln vs mln note prior year net excludes extraordinary credits dlrs quarter dlrs nine mths reuter
australian foreign ship ban ends tug crews new south wales nsw victoria western australia yesterday lifted ban foreign flag ships carrying containers nsw ports still disrupted separate dispute shipping sources said ban imposed week ago pay claim prevented movement port nearly vessels said pay dispute went hearing arbitration commission today meanwhile disruption began today cargo handling ports sydney port said industrial action nsw ports part week action called nsw trades labour council protest changes state workers compensation laws reuter
icco buffer buy tonnes cocoa june buffer stock manager international cocoa organization icco tender tonnes cocoa beans wednesday june icco said statement said conditions remain unchanged previous announcement conditions offers registered companies pounds sterling cocoa beans standard differentials set icco buffer stock rules cocoa december shipment spot december arrival delivery basis position may july shipment june arrival delivery later positions appropriate carrying costs taken account deadline receipt offers manager shall hrs london time gmt case offers market hours case offers origins competitiveness offers assessed taking account standard differentials cost taking cocoa store currently pounds sterling cif pounds sterling cif shipping store cost carry currently pounds sterling per month icco said four offers considered offering party added reuter
home federal savings bank georgia rd qtr net shr cts vs cts net vs nine mths shr cts vs dlrs net vs reuter
aristech chemical corp rd qtr net shr cts vs cts qtly div cts vs cts prior net mln vs mln revs mln vs mln nine mths shr dlrs vs dlrs net mln vs mln revs mln vs mln note dividend payable december shareholders record october reuter
james river corp jr sets regular dividend qtly div cts vs cts prior pay april record april reuter
general corp st qtr net shr two cts vs one ct net vs sales mln vs mln note net includes gain dlrs change pension accounting reuter
corp st half aug net shr cts vs cts net vs sales vs avg shrs vs reuter
u k reserves rise underlying billion dlrs may billion april official
group inc rd qtr net shr cts vs cts net vs revs mln vs mln avg shrs mln vs nine mths shr cts vs cts net vs revs mln vs mln avg shrs mln vs note company pct owned primerica corp pa reuter
montgomery street income mts st qtr net shr cts vs cts net vs note full name montgomery street income securities inc reuter
judy inc judy th qtr jan loss shr loss two cts vs profit nine cts net loss vs profit sales mln vs mln year shr profit nine cts vs profit cts net profit vs profit sales mln vs mln reuter
freedom recognize gain unit sale freedom savings loan association said record net gain mln dlrs sale certain assets freedom mortgage co subsidiary chase home mortgage corp subsidiary chase manhattan corp cmb freedom also said completed sale company said mln dlrs gain quarter ending june remainder recognized remaining life mortgage reuter
inter regional financial rd qtr oper net oper shr cts vs cts oper net vs revs mln vs mln nine mths oper shr cts vs cts oper net vs revs mln vs mln note earnings exclude gain utilization tax loss carryforwards dlrs cts share vs loss dlrs cts share quarter gains dlrs cts share vs dlrs cts share nine months earnings exclude losses discontinued operations dlrs dlrs share quarter dlrs five cts share nine months reuter
columbia gas seeks contract cost recovery columbia gas transmission corp said made streamlined filing federal energy regulatory commission recover portion costs high cost gas purchase contracts recently columbia gas system inc pipeline subsidiary said ferc denied procedural grounds without proposal include costs company recent purchased gas adjustment filing noting asked rehearing ruling columbia gas said would withdraw alternative filing commission request rehearing include contract renegotiation costs issue pipeline general rate filing permit recovery subject refund effective april one company said alternative filing seeks recover mln dlrs year pipeline non gas sales commodity rates annual amortization amount based recovery mln year period beginning april columbia gas said filing would increase pipeline commodity rates cts per mln btu dlrs per mln company said sought include costs since payments products resulted almost five billion dlrs prospective price relief related take pay buyout costs explained interpretation based ferc april statement policy said take pay buyout costs must recovered general rate filing natural gas act result contracts high cost gas columbia gas said able reduce average price paid gas purchased southwest producers dlrs per mln btu december dlrs per mln april pipeline said southwestern producers account pct total available gas supply year reuter
cyclops cyl holders approve dixons merger dixons group plc said shareholders special meeting cyclops corp approved previously announced merger cyclops dixons terms merger dixons said remaining public cyclops shareholders receive dlrs share dixons also said previously announced sale cyclops steel construction businesses former alleghany corp subsidiary expected completed june sale cyclops retain specialty retailing business change name inc said dixons reuter
al acquires semiconductor stake technology ltd said exchanged mln common shares pct privately owned alliance semiconductor corp santa calif acquisition spokesman said company mln shares outstanding reuter
cp national corp rd qtr net shr cts vs cts net vs revs mln vs mln nine mths shr dlrs vs dlrs net mln vs mln revs mln vs mln reuter
group raises scandinavia fund stake shareholder group consisting foreign investment firms investors said raised stake scandinavia fund inc shares pct total outstanding shares pct filing securities exchange commission group also said considering informal offer made scandinavia fund president march would grant representation company board group includes vbi corp islands investment firm ab swedish investment firm erik martin vik norwegian investor vik alexander group said vbi elder vik bought combined scandinavia fund common shares since march prices ranging dlrs share reuter
society savings bancorp inc rd qtr hartford conn oct shr cts vs cts net vs nine mths shr dlrs vs dlrs net mln vs mln reuter
soviet sugar consumption home brewing grows sharp rise soviet sugar consumption since start kremlin anti alcohol drive indicates home brewing costing state billion roubles lost vodka sales pravda said communist party newspaper said sugar sales increased one mln tonnes year enough turned two billion current vodka prices roubles said meant alcohol consumption reached equivalent billion roubles year annual revenues vodka sales may anti decree official statistics show reduction consumption vodka count home pravda said first also firmly settled cities availability natural gas running water made much easier kremlin leader mikhail gorbachev launched anti alcohol campaign shortly taking office march first step improving soviet economic performance seriously hurt among working population reuter
duffour igon gives backing aga takeover bid french industrial gas group duffour et igon decided back takeover bid swedish industrial gases group aga ab aga st ending lengthy battle rival bidders france spain west germany duffour et igon chairman jean igon said board agreed late last night back aga bid advise shareholders accept swedish group latest offer francs per share told reuters main bidders union carbide corp uk french subsidiary union carbide france west germany linde ag f aga topped rival bids gases distribution group may raising offer francs francs accepted spain sa sold aga six pct duffour et igon stock right first refusal remaining nine pct stock holds also french development authority agreed sell aga pct stake duffour et igon aga offer shareholders either accept cash bid exchange one share duffour et igon one bond nominal value francs pct coupon issue aga france sa bond issue guaranteed parent aga ab takeover battle based company controls eight pct french industrial gas distribution market began april offer francs per share union carbide france uk aga offer puts price mln francs company closes june results announced july duffour et igon shares quoted yesterday francs buyers series takeover traded francs january first suspension reuter
texaco filing adds uncertainty oil market u oil traders said texaco inc filing protection chapter bankruptcy code adding uncertainty already oil market opinions divided impact market filing holding wet barrel trading today said one trader everyone talking assessing company relation texaco added traders said companies deal texaco concerned whether receive payment supplies bankruptcy filing however others less worried first paid trading community connected texaco shipping industry one new york trader said texaco get crude supplies run refineries assets would worth anything added texaco filed protection chapter u bankruptcy code yesterday failing reach settlement pennzoil billion dlrs court award illegally pennzoil proposed purchase getty oil co however others less worried first paid trading community connected texaco shipping industry one new york trader said texaco get crude supplies run refineries assets would worth anything added texaco filed protection chapter u bankruptcy code yesterday failing reach settlement pennzoil billion dlrs court award illegally pennzoil proposed purchase getty oil co reluctance trade texaco great change said another trader adding traders toward dealings company traders assessing whether require cash prepayment letters credit continue trade usual texaco open line basis said another trader however described today activity business usual adding traders feel secure put texaco assets bankruptcy traders said apparent effect texaco filing crude futures trading although said exchange might lower texaco position limit require higher margins texaco trades new york mercantile exchange president declined comment texaco futures trading saying proprietary information say however matter procedure possible exchange lower allowable position limits increase margin requirements companies financial trouble reuter
group inc nd qtr march net shr cts vs cts net vs sales vs avg shrs vs st half shr cts vs cts net vs sales mln vs mln avg shrs vs reuter
dutch consumers industry see oils tax threat dutch consumers food processors would hit hard proposed ec tax oils fats de chairman commodity board fats oils said annual meeting dutch second largest consumers fourth largest consumers vegetable oils ec contested tax would levy consumers increase costs industries potato processing manufacturing de said move industries countries outside ec cannot ruled added de said tax vegetable marine oils fats would wide open fraud difficult police expensive also said proposed tax article three general agreement tariffs trade gatt convention united nations food agriculture organization guidelines also ec treaty proposed tax would inflationary also consequences employment investment added reuter
group inc rd qtr net sept shr cts vs cts net vs sales mln vs mln avg shrs mln vs mln nine mths shr cts vs cts net vs sales mln vs mln avg shrs mln vs mln note effective september primerica corp pa owned pct common shares reuter
brown disc buy rhone poulenc pa unit brown disc products co inc unit enterprises inc said purchased ongoing business trademarks certain assets rhone poulenc brown disc manufacturing unit undisclosed terms rhone poulenc french based chemical company agreement rhone poulenc supply magnetic tape media products brown disc products reuter
u coffee import reporting system questioned voluntary compliance system monitoring u coffee imports quotas viewed many coffee industry said analysts trade sources many sectors trade including large roasters importers voluntary compliance past subject tremendous became matter trade monitoring one analyst said monday national coffee association newsletter said office u trade representative implement voluntary compliance system temporarily legislation monitor imports tied congressional trade bill arrangement one coffee importers would voluntarily present needed documents u government congress approves monitoring authority coffee without valid certification still allowed entry many believe producers seek add stock situation u others believe ship outside quota requirements lieu monitoring controls trade sources said last time lot false information submitted customs resulted lot u customs spokesman said customs good job given tools hands tied authority demand form documents merchandise source said many see true test whether producers importers abide quota system key seeing whether quota agreement said one major u roaster last time agreement trade act said another analyst adding without need submit documents ball producers hands feel importers take advantage voluntary compliance due development two tier market non member countries buy coffee big discount many fear dealers buy coffee destined non member countries discounts bring u according customs officials several green coffee importers imported coffee buying non member destinations certificates navy beans much prices one country another producers may get stocks coffee selling non member nations quota provisions said analyst still others believe producers hard pressed coffee stock situation u near term would suggest agreement would share think voluntary system seemed coupled fact much coffee think much threat one trader said reuter
iran soviets hold talks oil exchange deal iran soviet union provisionally agreed hold talks possible exchange iranian crude oil finished soviet oil products official spokesman said tuesday chief soviet foreign ministry information directorate told reporters agreement reached visit moscow last week iran oil minister gholamreza aqazadeh said date set talks would also study possibility soviet technical assistance iran oil industry reuter
global petroleum ups heavy fuel prices global petroleum corp said raised contract prices heavy fuel oil cts one dlr per barrel effective today company said pct fuel oil one dlr barrel dlrs barrel said pct fuel oil cts dlrs barrel global raised one pct fuel oil cts dlrs barrel company raised pct fuel cts dlrs barrel global raised pct fuel oil cts dlrs barrel reuter
corp nd qtr sept net shr nine cts vs six cts net vs sales vs six mths shr cts vs cts net vs sales vs avg shrs mln vs mln note net includes tax credits equal one cent quarter two cts six months reuter
u k money market given mln stg late assistance bank england said provided money market late assistance around mln stg takes bank total help today mln stg compares latest forecast mln stg shortage reuter
metro airlines make acquisition metro airlines inc said agreed principle acquire privately held airlines inc dlrs cash provides regularly scheduled service dallas fort worth regional airport affiliated carrier amr corp amr revenues mln dlrs reuter
spectra physics mulls sale restructure spectra physics inc said considering possibility restructuring seeking buyer company following rejection dlr share bid ciba geigy corp filing securities exchange commission san jose calif gas accessories company also said board sunday agreed plan gives top executives bonuses ranging pct base salary stay company august rejecting takeover proposal u subsidiary swiss based ciba geigy ag company said unfair spectra physics board voted unanimously two ciba geigy representatives participating reject swiss based chemical pharmaceutical company takeover bid citing opinion financial morgan stanley co inc inadequate unfair financial point view holders shares company said board also authorized special committee morgan stanley vigorously investigate pursue authorize alternatives would maximize value shareholders investment company company said among alternatives special committee consider sale company third party dlrs share recapitalization restructuring including self tender offers asset use dividends spectra physics said plan top officers pay average bonus percentage pct salary said spectra physics said board approved plan order encourage key operating personnel remain company period turmoil uncertainty ciba geigy offer plan executives would entitled cash bonuses stay company august could receive earlier fired reasons gross leave company salaries sharply cut spectra physics also said filed suit ciba geigy yesterday u district court wilmington del charging making takeover bid false misleading violation securities law violating intent july standstill agreement spectra physics said ciba geigy indicated time standstill agreement would make unsolicited takeover proposal company intent agreement ciba geigy would acquire pct company unless another takeover threat ciba geigy pct spectra physics reliance group holdings controlled new york investor saul controls pct spectra physics said agreement ciba geigy raising stake beyond pct jan unless another person get pct voting power reuter
talking point burlington industries bur largest u textile maker focused business competitors found merger partners burlington industries inc may restructured attractive takeover candidate analysts said takeover spotlight fell today burlington rose speculation investor asher edelman dominion textiles inc canada bought almost five pct stake published report said edelman dominion jointly acquired stake burlington weighing takeover offer edelman would comment spokesman montreal based dominion called report rumors burlington said know report true wall street said convinced story edelman dominion would burlington actually came play arbitragers said past comments dominion however added speculation dominion said looking takeover u last year dominion unsuccessfully bid mills maintained mln dlr line credit used u acquisition dominion spokesman said canada largest textile producer negotiating many u textile companies would say whether burlington among acquisitions area unusual someone could looking burlington done said thomson burlington sold domestic operations made j p stevens co inc mln dlrs last year also management focused operations businesses would less affected foreign competition said pulled back commodity marketer said said moving heavily industrial fabrics burlington bought c h supplies auto industry past spent never realized return outlays make said look record year think poised profitable past said estimated earnings dlrs per share dlrs per share analysts today recommended clients buy burlington current levels edward johnson johnson said recommends selling said believes stock worth dlrs takeover basis dlrs earnings basis arbitragers however said takeover values placed company dlrs per share asher edelman recent history lot people find said one arbitrager another however said edelman succeeds forcing take steps enhance shareholder values even win target company edelman unsuccessful last year offers lucky stores inc fruehauf corp succeed buying inc stocks textile makers rose along burlington j p stevens climbed cannon inc result merger cannon rose west point inc rose reuter
canada mln dlr bill issue yield average pct official
south jersey industries inc st qtr net oper shr dlrs vs dlrs oper net vs revs given mths oper shr dlrs vs dlrs oper net mln vs note net income including discontinued operation periods dlr gain change accounting results restated dlrs vs dlrs quarter mln dlrs vs mln dlrs reuter
ford motor co f raises qtly payout qtly div cts vs cts prior pay june one record may one reuter
near term strength seen currency futures currency futures likely move higher following sharp rally today president reagan announced paul volcker would accept third term federal reserve chairman alan greenspan nominated replacement currency analysts said contrary predictions volcker resignation analysts calling higher currency futures prices june venice economic summit particular uncertainty greenspan attitude dollar could undermine sentiment toward u currency analysts said greenspan said today dollar appeared nearing bottom market bear mind remarks chicago last week dollar recent move upward technical reaction would trade significantly lower analysts said disappointment european central bankers appointment used opportunity sell dollar lower said manufacturers hanover futures vice president international community like appointment suggests possibility u budget deficit much burden monetary policy volcker unable get commitment sought reduce deficit added merrill lynch economics analyst david horner furthermore greenspan named two months ago suggests administration first choice status appointment horner said declining dollar scenario higher currency futures prior throughout venice meetings would concrete action opposed g summit said g finance ministers recent statements may analysts said japan west germany today reiterated neither planned interest rate cuts despite pressure u said u hand cut budget deficit japan west germany urged said g members force u commitment cut budget deficit next two years decline dollar could horner said however impact venice nothing nothing changes horner said smith barney harris upham co analyst sloane said european currencies likely move higher end ranges today sharp advance next two weeks calls september yen futures advance toward area said september marks could close upside target swiss francs could climb range reuter
first republic bank dallas cuts prime rate pct pct effective today
specialty corp rd qtr net shr cts vs nine cts net vs revs vs nine mths shr cts vs cts net vs revs vs note qtr nine mths includes tax gain dlrs dlrs respectively qtr nine mths includes tax gain dlrs dlrs respectively reuter
mr rooter united western pact mr rooter corp said rescinded recent agreement calling united western energy corp buy majority mr rooter stock four dlrs share company said also demanded repayment dlr loan made united western since announcing agreements mr rooter said discovered additional information relating united western privately held corporation guaranteed united western obligations agreements mr rooter said agreements rescinded light additional information without providing details said talks progress united western regard repayment terms loan reuter
banc one corp one rd qtr net shr cts vs cts net mln vs mln nine mths shr dlrs vs dlrs net mln vs mln assets billion vs billion deposits billion vs billion loans billion vs billion reuter
nationale profits sales steady year net profit mln guilders vs mln revenues billion guilders vs billion net profit per nominal guilder share guilders vs corrected capital increase figure dividend guilders vs corrected note full name nationale nv reuter
southland corp raised crude oil postings cts bbl wti dlrs bbl
stoltenberg says meeting baker monetary cooperation
unocal raised crude oil postings cts bbl wti dlrs bbl
corp rd qtr feb net shr cts vs cts net vs revs vs nine mths shr cts vs cts net vs revs mln vs mln reuter
trade issues straining ec japan member states european community starting run japan believe repeatedly promised major initiatives open market imports often made minor moves diplomatic sources said several recent actions ec countries bear new willingness least ability japanese government reduce massive trade surplus ec however said trade war may far ec states know would suffer almost much japan senior ec diplomats gave generally favourable reaction ec executive commission proposal ec could raise tariffs range japanese products u carries threat make similar move april ec tariffs would involve obligations entered world trade body gatt would designed stop diversion exports ec market u diplomats meeting tokyo announced ec trade deficit japan reached record billion dlrs march billion february reuter
financial corp rd qtr loss shr primary loss eight cts vs profit cts shr fully diluted loss eight cts vs profit cts net profit vs profit mln nine mths shr primary profit cts vs profit dlrs shr fully diluted profit cts vs profit dlrs net profit mln vs profit mln assets billion vs billion deposits billion vs billion loans billion vs billion note nine mth figures include gain dlrs cumulative effect accounting change rd qtr nine mth figures also include gain mln dlrs sale real estate investment property rd qtr nine mths earnings per share reflect payment dividends company two series preferred stock amounting mln dlrs reuter
system inc rd qtr net shr cts vs cts net mln vs mln revs billion vs mln avg shrs mln vs mln nine mths shr dlrs vs dlrs net mln vs mln revs billion vs billion note share preferred dividends reuter
coffee could drop cts cardenas says international coffee prices could drop cents lb next october agreement reached support market jorge cardenas manager colombia national coffee growers federation said speaking forum said one reasons market already producers excess production stockpiles mln kg bags today may futures new york settled cents lb reuter
rjr nabisco first quarter net include mln dlr gain mln dlr charge
microwave laboratories inc th qtr net april end shr cts vs eight cts net vs sales vs avg shrs vs year shr cts vs cts net vs sales vs avg shrs vs reuter
interco shareholders approve merger interco inc said shareholders shareholders lane co lane approved merger two companies merger lane stockholders receive shares interco common stock outstanding share lane common stock interco said reuter
belgium cuts treasury certificate rates belgian national bank said cut one two three month treasury certificate rates points effective immediately cuts take one month rate pct two month rate pct key three month rate pct central bank said telex national bank spokesman said modest cut made decline domestic money market rates yesterday expected followed cut pct discount rate short term treasury certificate rates especially three month rate national bank main monetary policy instrument last two years discount rate market penalty rate rather rate since advances currently little used liquidity ample bank economists said bank last cut one three month certificate rates june also points reuter
pepsico unit pep lifts calny stake taco bell corp unit pepsico inc said increased stake calny inc common stock shares pct total outstanding previous figure approximately shares pct filing securities exchange commission taco bell said bought calny common shares october dlrs share reason given recent purchases reuter
new york times co rd qtr net shr cts vs cts net mln vs mln revs mln vs mln nine months shr dlrs vs dls net mln vs mln revs billion vs billion reuter
cape bank trust co st qtr net shr cts vs cts shr diluted cts vs cts net vs avg shrs vs avg shrs diluted vs reuter
group inc rd qtr net qtr ended may shr cts vs cts net vs revs mln vs mln avg shrs vs nine mths shr dlrs vs cts net vs revs mln vs mln avg shrs vs reuter
minnesota may consider anti takeover amendment minnesota governor considering calling special legislative session consider amendments state anti takeover according governor office spokesman governor said nothing decided today said governor evaluate later whether call special session next days governor office said possible action triggered proposal dayton hudson corp dh subject takeover rumors spokesman governor said company proposed several amendments designed make takeover attempt state difficult dayton hudson suggested amendments passed next friday spokesperson said press reports minneapolis newspapers morning quoted several legislators saying inclined support legislation would help dayton hudson according governor spokesperson senate majority leader roger moe quoted saying would inclined support action would help company spokesperson said robert house speaker designate quoted minneapolis star tribune saying taking dayton hudson concerns seriously going help reuter
colonial bancgroup clbga buys bank colonial bancgroup said agreed buy first national bank undisclosed sum company said approved sale mark second move acquire florida bank said signed letter intent buy liberty bank pensacola april reuter
united savings loan nd qtr net sept shr cts net vs six months shr cts net vs assets mln vs mln deposits mln vs mln loans mln vs mln reuter
mcgraw hill south african unit mcgraw hill inc said sold mcgraw hill book co south africa pty ltd subsidiary local management group undisclosed amount cash halted sale products services south africa company said divestiture follows resolution board february cited increased political social unrest within south africa refusal south african government abolish apartheid system reuter
ind says leads group pct media general may seek control
quest makes bid northair quest resources inc said make takeover offer acquire shares northair mines ltd basis one quest share plus one dlr two shares northair quest said plans bring northair mine nelson area british columbia production using quest recently acquired ton per day mill located area reuter
sri lanka plans renew abu dhabi oil contract petroleum corp cpc decided renew one year contract abu dhabi tonnes upper crude oil cpc officials told reuters said cpc made recommendation cabinet awaiting approval cpc one year contract abu dhabi expired may year wants renewed contract begin june government selling price delivery determined course year last year shipments three tonnes four tonnes cpc officials also said company agreed egyptian government supply tonnes gulf suez crude delivery two shipments year government selling price last year cpc bought tonnes gulf suez c itoh officials said plans buy tonnes light iraq finalised yet several constraints cpc said could accept tonne proposed lift tonnes eight shipments iraq national oil co inoc told cpc red sea port lifting take place could accept small ships inoc proposed deliver eight shipments tonnes cpc said inoc planned ship oil indian port delivery indian requirements later going colombo cpc needs cpc considered cpc said received reply inoc since december sri lanka imports annual needs mln tonnes year plans buy tonnes spot market compared mln tonnes last year reuter
atlantic research corp rd qtr net shr primary cts vs cts shr diluted cts vs cts net vs revs mln vs mln nine mths shr primary dlrs vs dlrs shr diluted dlrs vs dlrs net mln vs mln revs mln vs mln reuter
berkey inc th qtr net conn april oper shr profit one cent vs loss cts oper net profit vs loss revs mln vs mln mths oper shr loss dlrs vs loss cts oper net loss mln vs loss revs mln vs mln note qtr excludes profit dlrs cts per share discontinued operations excludes loss dlrs cts per share net operating loss carryforward mths excludes discontinued operations loss dlrs three cts per share mths excludes discontinued operations gain dlrs dlrs per share excludes gain dlrs cts per share net operating loss carryforward reuter
micro inc nd qtr mar oper loss oper shr loss cts vs loss cts oper net loss vs loss sales vs six mths oper shr loss cts vs loss dlrs oper net loss vs loss sales mln vs note oper data include losses discontinued operations dlrs three cts per shr qtr dlrs seven cts per shr six mths reuter
inc year net year ended march shr three cts vs cts net vs revs mln vs mln reuter
canada lumber exports may become unprofitable canada softwood lumber become unprofitable forest product producers prices decline u dlrs per thousand board feet two four inch lumber current levels u dlrs canadian forest industry council chairman zimmerman told reporters zimmerman reiterated profitability hurt move canadian negotiators impose last january pct export tax softwood lumber shipped u exchange u lobby dropping request duty think falling market think moderate slow price zimmerman said media briefing zimmerman said adverse impact lower u lumber product prices would felt lumber mills eastern canada first country time go times get tough zimmerman said also said federal government maintain existing pct export tax allow provinces offset tax increased provincial fees cutting lumber reuter
asarco ups u lead price ct cts asarco inc said increasing base spot sales price refined lead one half cent cents lb fob delivered lots effective immediately reuter
mark work ltd year jan net shr cts vs cts net vs sales mln vs mln reuter
biotech electronics inc rd qtr net shr eight cts vs one half ct net vs revs mln vs mln nine mths shr cts vs cts net vs revs mln vs mln note period ended february reuter reuter
park communications inc st qtr net shr cts vs cts net vs revs mln vs mln reuter
usda revises summer potatoes u agriculture department made following revisions crop summer potatoes production cwt lbs vs cwt estimated previously acreage harvest acres vs acres estimated previously yield per harvested acre cwt per acre vs cwt per acre previously estimated department said reuter
middle south utilities inc rd qtr net shr cts vs cts net mln vs mln revs billion vs billion nine mths shr dlrs vs dlrs net mln vs mln revs billion vs billion mths shr dlrs vs dlrs net mln vs mln revs billion vs billion reuter
power co sets dividend qtly dividend cts vs cts pay june record may reuter
dotronix inc buy video monitors dotronix inc said agreed principle buy video monitors inc privately held company payment acquisition dotronix issue shares common stock notes worth mln dlrs payable three years dlrs cash dotronix said video monitors sales fiscal year ended april mln dlrs dotronix income dlrs sales mln dlrs six months ended dec previously reported reuter
british petroleum completes standard oil merger british petroleum company plc bp l completed merger standard oil co u srd raising holding pct pct bp said statement acquisition made bp wholly owned subsidiary bp america inc bp took pct stake standard raising stake pct pct bp chairman sir peter walters chairman bp america robert vice chairman chief executive officer frank president bp said details would released july reuter
security council calls talks gulf attack u n security council called private meeting monday consultations following united states attack iranian oil platform meanwhile u n spokesman said far knew report council secretary general javier de action received americans washington president reagan said united nations informed attack provision u n charter regarding notification actions taken right self defense u n spokesman francois said de comment attack taken response iranian action american owned tanker last week trying find actually happened calls iran u n commission response reuter
united asset completes acquisition united asset management corp said completed acquisition rice hall james associates san diego undisclosed terms said rice hall manages investments institutions individuals mln dlrs assets management currently reuter
j w inc th qtr july net shr profit seven cts vs profit cts net profit vs profit revs mln vs mln year shr profit cts vs loss cts net profit vs loss revs mln vs mln note year results include extraordinary credit dlrs cts per shr due utilization tax loss carryforward fiscal nonrecurring income items totaled vs qtr includes dlrs cts per shr extraordinary charge due utilization tax loss carryforward nonrecurring income items totaled three mths vs three mths nonrecurring income year included pretax gain dlrs sale company oaks store dec company discontinued operations unit jan nonrecurring income three months included settlement litigation gain dlrs month period also included refund prior year real estate reuter
wpp group plc extends offer jwt jwt wpp group plc said extending dlrs share offer jwt group inc midday june company temporarily extended offer june give expiration date dlrs share offer jwt rejected jwt expires july reuter
kuwaiti daily says opec credibility stake opec credibility faces fresh scrutiny coming weeks amid signs significant rise supplies oil international oil markets kuwait daily al qabas said article headlined gulf oil sources say middle east production mln bpd markets new surplus amid return cheating days warned opec official prices could face fresh pressure international oil companies seeking cheaper supplies say whether opec opec producers behind reported rise mideast output specify sources official contacts sources said credibility opec would come fresh scrutiny monday activity european american markets said sources quoted saying opec march demonstrated commitment quota agreements members raised output last week gave details dealers oil markets waiting see opec able control production whether days cheating producing quotas begun reported sources warned maybe price barrel oil fall perhaps dlrs week next control supplies sources believed return oil dlrs barrel may open doors international oil companies pressure opec contract prices similar last march said apparently referring resistance buyers lift qatar unless gave price discounts one official warned opec would find solidarity scrutiny end april start may said noting demand usually fell summer reuter
national heritage buys management firm national heritage inc said acquired assets management corp salem ore terms disclosed assets acquired used form new office serving northwest nursing home operator said newly acquired salem operation management responsibility nursing homes seven states southmark corp sm owns pct national heritage recently agreed acquire facilities national manager nursing home properties owned southmark reuter
bonn confident maintaining currency stability u treasury secretary james baker met west german finance minister gerhard stoltenberg bundesbank president karl otto poehl frankfurt monday bonn finance ministry spokesman said meeting spokesman quoted stoltenberg saying confident foreign currencies could around current levels meeting came baker criticised west germany increasing short term money market interest rates said rise line spirit louvre accord aimed stabilizing u dollar last february meeting arranged last week spokesman said baker stoltenberg poehl agreed pursue policies agreed louvre pact reference currency stability monetary policy earlier monday injected liquidity west german money market move money market dealers interpreted attempt west german monetary authority curb interest rate rises spokesman described monday talks called private positive reuter
general electric co st qtr shr dlrs vs dlrs
media general says giant group affiliates pct class common stock
cos inc st qtr loss shr loss cts vs loss cts net loss mln vs loss revs mln vs mln note net includes tax credits mln dlrs vs dlrs reuter
taiwan evergreen line go public liner shipping specialist evergreen marine corp taiwan largest private company applied security exchange commission go public next month company spokeswoman told reuters said evergreen doubled capital eight billion taiwan dlrs since last august capital increase boost operations said said evergreen use funds raised stock market buy new ships step global services spokeswoman said company posted tax profit one billion dlrs last year total revenues billion compared tax profit billion revenues billion evergreen placed orders three twenty foot equivalent unit fully cellular container ships state owned china shipbuilding corp delivery late evergreen fleet container vessels totalling two mln dwt spokeswoman said reuter
computer inc rd qtr net oper shr profit four cts vs profit cts oper net profit vs profit revs mln vs mln avg shrs mln vs mln nine mths oper shr profit cts vs loss cts oper net profit vs loss revs mln vs mln avg shrs mln vs mln note net excludes tax credits dlrs quarter dlrs nine mths net includes charge one mln dlrs restructuring computer products division reuter
del e webb investment properties inc st qtr shr seven cts vs nine cts net vs revs vs reuter
u personal income rose pct may u personal income rose pct billion dlrs may seasonally adjusted annual rate billion dlrs commerce department said increase followed revised pct rise april department previously estimated april income rose pct department also revised march personal income rise pct previously reported pct personal consumption expenditures rose pct billion dlrs billion dlrs may rising pct billion dlrs april department said department said april may increases personal income restrained lower subsidy payments farmers initial payments newly established retirement fund federal government employees april wages salaries increased billion dlrs may billion dlr rise april manufacturing billion dlrs may falling billion dlrs april farmers incomes fell billion dlrs may decreasing billion dlrs april due lower farm subsidy payments department said reuter
rothmans denies share sale speculation rothmans holdings tobacco ltd said foundation press speculation would sell stake rothmans international plc rot l philip morris inc mo n would buy morris stake report rothmans international said controlled foundation sa owned mln ordinary mln b ordinary shares pct pct respectively morris owns mln b ordinary shares pct rothmans b shares firmed speculation close p p friday eased p gmt reuter
west german institutes call early tax cuts five leading west german economic research institutes said government stimulate economic growth called early introduction tax cuts planned joint spring report institutes divided growth forecasts three predicting two pct expansion two one pct growth gross national product grew pct last year report said institutes believed must done produce dynamic growth additional jobs created institutes said step improved basic economic conditions taken quickly possible point view tax reform planned brought forward government plans gross tax reductions billion marks part major tax reform net tax relief tax reform amount billion marks however institutes criticised government timing reform also question financing left open government specified remaining billion marks tax reduction package paid though said wants cut state subsidies institutes said lack bonn caused uncertainty among companies exactly would receive tax reform urged quick decision government also said government reduce tax preferences would fiscal system urged restriction state spending called increase value added tax institutes also criticised bonn increasing subsidies time reductions pledged referred specifically doubling special writedowns small medium sized companies announced package tax adjustments planned described increase subsidies institutes said total subsidies including tax preferences reached billion marks risen since given scope subsidies possible despite major political difficulties finance tax reform cutting state institutes said government raised value added tax indirect taxes large portion positive effects resulting lower taxes would lost report also noted government progressing slowly plans privatise state companies said deregulation needed government aim competition said reuter
dumez united westburne shares dumez investments inc said accepting paying shares united westburne industries ltd response dlr per share tender offer extended offer june dumez pct owned dumez sa dump pa pct unicorp canada corp said shares represent pct controlled westburne international ltd dumez previously acquired tender reuter
anz bank sets one two bonus issue australia new zealand banking group ltd anza said make one two bonus issue asset revaluation reserve shareholders registered june proposed bonus increase authorised capital one billion one dlr par shares mln put shareholders approval extraordinary general meeting may anz said statement issue absorb mln dlrs mln standing asset revaluation reserve said bank said lowering dividend rate expects maintain value dividend payout enlarged capital level last full year ended september group paid cents share mln dlrs year shareholders also asked approve changes bank association allow offer shares lieu interim dividend discount five pct market price group latest announce tax free bonus issue ahead dividend imputation effective july reuter
entertainment marketing seeks buy crazy eddie eight dlrs share
caterpillar inc cat votes quarterly dividend qtly div cts vs cts prior qtr pay may record april reuter
h f co rd qtr net shr cts vs cts net mln vs mln nine mths shr dlrs vs dlrs net mln vs mln avg shrs vs assets billion vs billion loans billion vs billion deposits billion vs billion reuter
sony chairman forecasts lower profits year sony corp chairman said sony profits would sharply result dollar decline sony corp posted net consolidated income billion yen million dollars pct billion yen million dollars added japan would benefit strong yen saving energy import bill expected profits recover speaking reporters sony factory opening reuter
entertainment marketing demands crazy eddie shareholder list may pursue merger
jannock acquires half stake jannock ltd said jannock imaging co ltd unit acquired pct stake jones ltd toronto undisclosed terms said acquisition would lift jannock imaging revenues mln dlrs year specify jones revenues reuter
co rd qtr net shr profit cts vs profit eight cts net profit vs profit sales mln vs mln nine mths shr loss cts vs profit cts net loss vs profit sales mln vs mln avg shrs vs note earnings nd qtr reduced dlrs cts share charge reflecting elimination transfer certain product lines operations company wis reuter
security pacific corp spc rd qtr net shr dlrs vs dlrs net mln vs mln avg shrs mln vs mln nine months shr cts vs dlrs net mln vs mln avg shrs mln vs mln note prior period data restated include pooling interest basis august acquisition rainier bancorporation reuter
silicon systems inc nd qtr march shr profit five cts vs profit two cts net profit vs profit revs mln vs mln six mths shr profit nine cts vs loss cts net profit vs loss revs mln vs mln reuter
inc th qtr jan net shr dlrs vs dlrs net vs revs mln vs mln avg shrs mln vs mln year shr dlrs vs dlrs net mln vs mln revs mln vs mln avg shrs mln vs mln reuter
allied signal inc ald rd qtr oper net oper shr dlrs vs cts oper net mln vs mln revs billion vs billion nine mths oper shr dlrs vs dlrs oper net mln vs mln revs billion vs billion note rd qtr nine mths includes tax mln dlr cts share gain increase equity union texas petroleum holdings inc initial public offering nine mths net includes tax gain mln dlrs cts share sale remaining interest henley group inc related transactions partly offset tax loss mln dlrs cts share repurchase high coupon bonds nine mths also excludes mln dlrs estimated net gain disposal discontinued operations march including linotype group amphenol products corp amounts restated exclude sales expenses discontinued operations rd qtr nine mths oper net excludes operating income mln dlrs mln dlrs discontinued operations nine mths includes mln dlrs cts share tax gain reversion surplus pension funds end third quarter average shares outstanding mln mln outstanding deducting dividends preferred stock end nine mth period average shares mln respectively deducting preferred stock dividends reuter
reichhold chemical rci sets anti takeover plan reichhold chemical inc said board adopted warrant dividend plan one preferred stock purchase right distributed dividend common share outstanding company said warrant dividend plan designed protect shareholders attempts control without making adequate offer shares reichhold said adoption response specific takeover attempt reichhold said right entitle shareholders buy one one share newly created series preferred stock initial exercise price dlrs dividend voting rights approximately equal one share company common stock rights exercisable without reichhold prior consent person group acquires pct voting power announces tender offer would result pct ownership company said reichhold said entitled redeem rights five cts pct position acquired existing pct shareholder buys additional two pct voting power company connection certain transactions tax free distribution become effective may expire years later company said details plan outlined letter mailed stockholders reuter
u soviet grain meeting unlikely summer prospects appear slim summer meeting u soviet officials two countries enter final year bilateral grains agreement agriculture department officials said two sides usually try meet new year approaches although last meeting delayed last february however delay year endanger fifth year grains agreement extends september usda officials said difficult pull together people meeting july aide usda undersecretary daniel amstutz said since last meeting around four months ago next talks could still couple months said grain industry speculation usda offer moscow another wheat subsidy next marketing year usda officials said even consultations held soon subsidy offer would probably made doubt would subsidy offer summer next agreement year begins usda source said citing limited subsidy funds uncertainties next year crops said many would us make offer pact moscow agreed purchase minimum nine mln tonnes u grain per year soviet u officials normally meet summer start new agreement year discuss grain quality shipping production reuter
poehl sees good chances currency stability bundesbank president karl otto poehl said good chances exchange rate stability chances exchange rate stability good told reporters reuter
royal bank canada nd qtr april net shr basic cts vs dlrs shr diluted cts vs cts net vs six mths shr basic dlrs vs dlrs shr diluted dlrs vs dlrs net vs loans billion vs billion deposits billion vs billion assets billion vs billion avg shrs mln vs mln reuter
c b makes acquisition c b co said acquired mln dlrs principal assets national tech industries inc corp companies engaged servicing sales telemarketing consumer electronic merchandise reuter
declares one split inc said directors declared one reverse stock split common stock said split payable april shareholders record april reuter
oregon steel buys kaiser napa valley plant kaiser steel corp plant napa calif purchased oregon steel mills mln dlrs privately owned portland company said transaction approved u bankruptcy judge denver hearing kaiser steel chapter reorganization case james former vice president sales kaiser named general manager plant called napa pipe corp oregon steel said reuter
hospital corp says received dlr share offer investor group
asian cocoa producers expand despite critics asian cocoa producers expanding output despite depressed world prices dismiss suggestions london market cocoa leading cocoa producers trying protect market product said spokesman indonesia directorate general plantations happy long term future malaysian growers said would try expand sales asia united states malaysian cocoa suitable european responding comments london traders large unwanted cocoa beans malaysia indonesia papua new guinea png helping depress cocoa prices london traders said asian cocoa considered western high level free siew chairman malaysia cocoa growers council said malaysia expand sales asia united states produce type suitable western europe spokesman png cocoa industry board said london market linked png cocoa high acid malaysian indonesian beans market declining buyers anything talk prices spokesman said said png could sell whatever cocoa produces png exported tonnes cocoa cocoa year ending september nearly pct exported west germany pct u rest netherlands britain indonesia spokesman agriculture ministry official identified said indonesia problem quality would continue expand sales described criticism quality indonesian beans trade said jakarta traditional links dutch buyers meant difficulty exports indonesia malaysia asia two biggest commodity producers expanding cocoa output outside international cocoa organization icco officials said malaysian production expected total tonnes calendar tonnes partly end three year drought sabah country largest cocoa growing area production indonesian cocoa beans tonnes calendar tonnes output projected rise tonnes tonnes year young trees mature malaysia indonesia low cost producers traders said could last low prices longer west african countries according one kuala lumpur trader world prices would fall another ringgit per tonne stg make cocoa production malaysia uneconomic traders believe main quality problem harvesting techniques one trader said malaysian cocoa virtually west african output treated way possible larger malaysian estates reuter
dome dmp plan may force sale encor stake dome petroleum ltd proposal restructure debt billion canadian dlrs includes provisions may force company sell pct stake encor energy corp inc dome said u securities exchange commission filing dome said filing debt plan proposes making payments five year income debenture lender whose debt secured dome encor shares five years certain circumstances shares encor may required disposed company said dome pledged mln encor shares security part debt canadian imperial bank commerce estimated last year mln dlrs analysts said commerce bank pressing dome sell stock pay debt dome encor shares market value mln dlrs march company filing said previously reported dome seeking approval principle debt restructuring plan dome said filing proposed lenders sign letter understanding early april implementation effective july dome petroleum reiterated sec filing existence going concern dependent continuing interim debt plan due expire june winning agreement proposed restructuring plan company believes negotiation implementation proposed debt restructuring plan realistic dome said however final outcome negotiations cannot predicted time said reuter
iran says u raid caused mln dlrs damage u attacks two iranian oil platforms gulf still caused damage estimated mln dlrs tehran radio quoted iranian oil minister gholamreza aqazadeh saying rigs one heavily four american monday still burning almost hours attack could cause widespread pollution gulf minister told news conference tehran said rigs miles km east bahrain international waters final stages reconstruction attack iraqi last year reuter
acp states say ec oils tax plan breaks accords developing countries said european community ec would breach two international agreements went ahead plans oils fats tax ec african caribbean pacific acp states told press conference tax would hit exports acp countries said ec failed follow consultation procedures laid convention regulates relations acp states bloc moves could affect trade two sides also said ec would breach undertaking bring new protectionist measures current punta del este round world trade negotiations held gatt general agreement tariffs trade auspices ec commission proposed tax european currency units ecus tonne imported ec produced vegetable marine fats human consumption could raise two billion ecus year ec farm ministers would approve tax split issue expected decide marathon meeting ec farm prices beginning luxembourg june ambassador wilson said acp countries convinced would lead ec industry products made within bloc oil imports acp estimates would result fall mln ecus member country exports believe ec would take measures undermine countries would impact measures wilson said u malaysia say exports would also hit proposed tax may take retaliatory action approved wilson said acp would take steps last resort added acp touch countries oppose plan wilson news conference made clear jamaica would hit tax export oils fats among worst hit countries would ivory coast nigeria papua new guinea acp says reuter
cbc bancorp acquired union planters cbc bancorp inc said acquired memphis based union planters corp merger agreement details disclosed cbc holding company owns citizens bank said signed agreement would merge cbc union billion dlrs assets according cbc union reported shareholders equity nearly mln dlrs period ending march cbc said merger affect citizens banks name management board directors employees reuter
ecuador says resume limited oil production ecuador resume limited crude output next week fill storage tanks first step pump oil colombian pipeline may one state ecuadorean petroleum corp cepe said cepe manager carlos told reporters ecuador would begin pumping unspecified amount crude northeastern jungle oilfields end next week preparation send oil new pipeline link neighbouring colombia oil production ecuador halted march five earthquake damaged country main pipeline lago agrio heart ecuadorean jungle oilfields pacific port balao take least end july repair pipeline return output normal levels country pumping bpd bpd tremor resume limited output meantime ecuador constructing mile pipeline capable carrying bpd lago agrio puerto colon starting point colombia pipeline pacific port tumaco original target date resume limited crude output may eight scheduled date lago agrio puerto colon pipeline energy ministry spokesman said reuter
phelps dodge corp rd qtr net shr dlrs vs cts net mln vs mln revs mln vs mln nine mths shr dlrs vs dlrs net mln vs mln revs billion vs mln note rd qtr net includes dlrs tax extraordinary gain retirement debt reuter
corp rd qtr oper net oper shr profit cts vs nil oper net profit vs profit sales vs nine mths oper shr profit cts vs loss four cts oper net profit vs loss sales mln vs note earnings exclude gains utilization tax loss carryforwards dlrs seven cts share quarter dlrs cts share nine months reuter
independent bank corp regular dividend qtly div cts vs cts previously pay april record april reuter
rio de janeiro dockers strike rio de janeiro dockworkers went strike indefinite period today demand wage increases spokesman dockers said rio dockers get support colleagues santos brazil main port spokesman said would return work unless demands met earlier week dockworkers cancelled scheduled national strike pressure port officials give wage increase benefits rio port spokesman said halt would cause daily losses u dlrs reuter
universal communication sell assets universal communication systems inc said tentatively agreed sell substantially assets mln dlrs cash notes plus limited profit participation company said terms sale approved board prime motor inc owner pct universal outstanding stock described purchaser subsidiary company communications field one largest u corporations company said transaction involves payment mln dlrs cash non interest bearing payment mln dlrs four equal four years two promissory notes guaranteed affiliate purchaser said mln dlr pct note payable four equal four years said mln dlr pct note due dec includes participation profits acquiring company said profit element terminated payments purchaser either five mln dlrs six mln dlrs seven mln dlrs eight mln dlrs reuter
peru consumer prices rise pct may peru consumer price index rose pct may base compared pct april pct may national statistics institute said said accumulated inflation first five months year pct pct period inflation year ending may pct compared pct year ending may reuter
systems year end march shr cts vs nil net vs revs mln vs reuter
nl industries inc nl rd qtr net shr profit two cts vs loss cts net profit mln vs loss mln revs mln vs mln nine mths shr loss cts vs loss dlrs net profit mln vs loss mln revs billion vs mln note net income per share mandatory preferred stock dividends income chemical operations attributable common stockholders qtr nine mths includes gain eight cts per share partial redemption series preferred stock paid net earnings chemicals operations nine mths includes loss mln dlrs write petroleum service assets restructuring costs reuter
investor group silicon stake group boston investors investment partnerships told securities exchange commission sold entire stake silicon systems inc shares pct total outstanding group includes associates associates ii three general partners said sold stock april june dlrs share result investment decision reuter
greyhound agrees acquire trailways routes greyhound lines said agreed acquire routes trailways corp greyhound said interstate commerce commission authority acquire operate trailways routes buses terminals trailways abandoned service seven states past year half three states company said without intervention trailways imminent said fred chairman president greyhound reuter
indonesia raises stake aluminium plant indonesia increased share billion yen aluminium smelter joint venture japan pct asahan project authority director r said japanese export import bank said indonesia raised share p indonesia asahan aluminium company capitalised billion billion yen government loans company equity stake japanese shareholders overseas economic cooperation fund companies invest another billion yen raising capitalisation billion yen asahan reported total losses billion said much company billion yen debt caused falling tin prices appreciation yen u dollar aluminium sold dollars prices improved dlrs tonne six months ago dlrs today plant supposed break even prices stay dlrs tonne said plant capacity tonnes year would probably lose money plant north produces mostly japan reuter
merchants report nd qtr loss merchants national corp billion dlrs assets said report loss mln dlrs second quarter due decision increase provision losses mln dlrs mainly due uncertainties surrounding latin american debt second quarter last year merchants reported net income mln dlrs cts share result increased loan loss provision bank said allowance loan losses increase pct pct bank total loans bank said expects report estimated net mln dlrs reuter
tin council allowed appeal use documents britain highest court decided international tin council itc appeal use itc documents court actions november house decide extent itc documents whether circulated court evidence lawyers working legal left october collapse tin market said hearing likely last days wednesday court appeal link outstanding itc cases far reached single set hearings could begin early january added house ruling use itc documents referred back action two shearson lehman companies london metal exchange although underlying case expected resumed mid court appeal hearings include action brokers cases brokers banks itc member governments tin council action taken brokers seeking winding itc placing also covered court appeal legal schedule reuter
csr says proceeding offer monier csr ltd csra intends proceed planned bid building materials group monier ltd despite counter bid equiticorp ltd etl csr executive director herbert told reuters etl said today would offer dlrs monier issued capital mln shares plus share alternative compares dlr cash element csr proposed bid proposed offer etl controlled new zealand allan hawkins came built pct stake monier mln dlr share raid recent days herbert said britain redland plc l holds pct monier still supported csr bid told csr seller said redland wanted maintain build operations australia u monier built strong presence notably manufacture csr offer contains put call option agreement redland redland accept csr bid within six months close lift stake pct period run monier joint venture csr csr said redland take second option etl declined say intervened monier beyond describing long term investment etl would bring monier unlike csr leader building materials herbert said fit better monier said csr said concentrate development core businesses sugar building materials moves energy several years ago asked thought etl bid sought achieve herbert said hawkins strategy one monier main target herbert said csr plans raise bid said higher price would difficult justify fundamentals monier trading dlrs csr launched original bid times earnings late april shares closed dlrs today cents yesterday etl withdrew reaching top foreign shareholding level permitted without foreign investment review board approval bid subject approval herbert also said institutions likely accept share alternative cash would judge respective values etl csr shares etl third group become involved possible acquisition monier year redland held discussions possible takeover csr bid emerged negotiations price share analysts said reason think etl intervention would full redland bid although monier ultimate fate hands redland still driving seat said cohen ltd adding redland would csr partner running monier etl monier independent directors recommended etl bid reuter
bangladesh import tons diesel ussr bangladesh import tons high speed diesel oil soviet union barter agreement signed last week bangladesh petroleum corporation officials said oil worth mln u dlrs shipped december year added say bangladesh would sell return soviet union reuter
indonesia cuts july crude supplies japan indonesia state oil company pertamina informed affiliated japanese companies crude oil supplies pct less contractual volumes july spokesman affiliated company said said allocations line indonesia production ceiling current opec quota might increased opec production rise next week allocations indonesia main traded crude minas cut pct pct said last month contractual volumes cut pct contractual volumes assume production ceiling oil traders said indonesian grades already trading official selling prices spot market due strong demand japan u tight supplies cargo loading july reportedly traded yesterday cents dlrs per barrel minas trading cents higher said reuter
joe franklin assets development merge privately held joe franklin productions inc said entered preliminary agreement merge assets development corp public company terms disclosed companies said expected merged group qualify listing nasdaq reuter
group acquires interest baking group l p said co chairmen michael landes albert vice chairman michael acquired pct equity interest baking corp undisclosed terms dale mayo president chief executive officer retain pct interest company group said reuter
dutch feed starts case ec levy major animal feed producer nv chv begun legal proceedings application european community grain co responsibility levy full backing dutch animal grain feed trade association het comite association chief executive peter pex told reuters proceedings held hague friday court said would give within six weeks however normal expect hague court refer questions interpretation application levy european court justice luxembourg pex added het comite claims way levy applied take account currency cross rates exchange mean one country asked pay higher levy national currency received chain original producer grain would like business administration court hague ask luxembourg court justice whether dutch grain commodity board levy agency interpreted levy regulations also whether regulations may european law pex said great regret taken route political help therefore option even though could take years pex added het comite asked chv act test case grain levy bill company received commodity board included grain wide variety origins therefore considered best general basis legal challenge levy pex noted het comite actions run tandem questions levy already luxembourg court case brought association european animal feed manufacturers reuter
mining finds gold mining inc said leased mining claims alaska could produce revenues mln dlrs mln dlrs gold reserves range value reserves attributed wide range grade estimates ore company said feasibility study put grade ounces per cubic yard subsequent exploration work proved areas higher grade ounces yard exist said claims located miles northwest reuter
icco buffer stock manager buy tonnes cocoa tuesday june official
french inflation confirmed pct may french retail prices rose confirmed pct may compared pct rise april pct may last year national statistics institute insee said rise took year year inflation rate pct may pct april brought cumulative inflation first five months year pct compared pct period reuter
campeau says part sec proceeding campeau corp said involved securities exchange commission administrative proceeding allied stores corp campeau acquired end last year statement company said sec action involves events occurred prior campeau acquisition allied relating alleged failure allied make certain consequently campeau subject reuter
japan details plan trade problems japan liberal democratic party ldp drawn detailed plan calling large tax cuts increase government purchases foreign goods head committee working plan koizumi said plan also urge government double official development assistance billion dlrs within five years instead seven government promised senior ldp officials said press conference ldp executive council chairman abe explain plan u officials visits u april abe visit prepare prime minister yasuhiro nakasone talks president ronald reagan later month koizumi said ldp plan specify size tax cut amount domestic demand however top ldp executives work figures abe able offer specifics u officials proposed increase procurement foreign goods government probably include purchase super computers ldp officials said according plan japan also solve specific trade problems nations encourage flows funds developing countries officials said ldp expects measures prop economy lessen trade problems u added basic ideas ldp plan presented welcomed monetary authorities major industrial nations washington last week said ldp plan form basis last several packages stimulate japanese domestic demand unveiled government late may reuter
swedish unemployment steady march swedish unemployment steady pct workforce march compared previous month central bureau statistics said march figure stood pct reuter
software services america inc net shr four cts vs five cts net vs revs vs reuter
advanced institutional aims year loss shr loss cts vs profit cts net loss mln dlrs vs profit dlrs revs mln dlrs vs mln dlrs note year ended march company full name advanced institutional management software inc reuter
g seen fighting keep currency pact international monetary officials rush paper deep appeared louvre accord currency stability prevent dollar free fall calm turmoil world capital markets economists currency traders said think louvre dead breaks way potential outcome dollar higher interest rates stock markets group seven interest calm things said douglas corporate trader bankamerica corp weekend television interview u treasury secretary james baker sharply criticised recent rise west german money market rates said eight month old louvre pact foster exchange rate stability needs reviewed comments currency markets helped send already u overseas stock markets dollar lost two u marks one yen yen dow jones industrial average slumped points one stage u treasury bonds dropped points reuter
fed expected set three day repurchase pacts federal reserve expected enter u government securities market add temporary reserves directly arranging three day system repurchase agreements economists said said fed may add reserves indirectly instead via large round two billion dlrs customer repurchase agreements federal funds averaged high pct friday opened pct traded pct reuter
banks rd qtr oper net oper shr cts vs dlrs oper net vs nine mths oper shr dlrs vs dlrs oper net vs note results exclude extraordinary gain net loss carryforward dlrs cts rd qtr dlrs cts rd qtr dlrs cts nine months results include mln dlr gain termination defined benefit pension plan reuter
coastal raises crude oil postings cts bbl yesterday wti dlrs
great northern nekoosa st qtr net shr dlrs vs cts net mln vs mln revs mln vs mln avg shrs mln vs mln note figures restated adoption financial accounting standards board statement employer accounting pensions net includes dlrs investment tax credits mln dlrs reuter
charter power systems inc st qtr shr cts vs cts net vs revs mln vs mln avg shrs mln vs mln reuter
louvre accord vital w germany stoltenberg west german finance minister gerhard stoltenberg said louvre accord vital west germany stoltenberg told news conference given west germany unusually high dependence world trade exports vital west germany continue constructive contribution international cooperation basis louvre accord monetary analysts speculated inflation bundesbank vice president helmut schlesinger may leading central bank course tighter monetary policy stoltenberg due attend routine bundesbank meeting thursday west berlin declined forecast policy decisions bundesbank might take reuter
tdk group net pct three months august third quarter ended august group shr yen vs group shr per vs net billion vs billion pretax billion vs billion sales billion vs billion company full name tdk corp tdk reuter
ltd int six mths april net shr cts vs cts net vs revs mln vs mln reuter
transworld make acquisition transworld industries inc said agreed principle subject board approvals acquire consulting group inc privately held computer services consulting firm number common shares determined based pretax earnings five year period company said almost issued shares attain price levels ranging five nine dlrs two years issuance said revenues dlrs calendar reuter
south carolina national corp rd qtr shr cts vs cts net mln vs mln nine mths shr dlrs vs dlrs net mln vs mln assets billion vs billion loans billion vs billion deposits billion vs billion reuter
canada may consumer price index rises pct statistics canada said
baldrige launch far east trade drive u commerce secretary malcolm baldrige leaves saturday day trip far east help spur u trade improve business relations china south korea philippines u officials say baldrige also stop hong kong meet british officials local u hong kong businessmen u last year major deficits three asian trading partners south korea billion dlrs hong kong billion china billion deficit philippines mln dlrs baldrige meet south korean president trade minister rha woong bae monday discuss opening south korean markets u goods baldrige peking april meet minister foreign economic relations trade attend meeting u china joint commission commerce trade address management training organisation however u officials said chief purpose baldrige visit would discuss relaxed u rules modern technology chinese industries hong kong baldrige hold meetings april governor david wilson trade industry secretary eric ho well addressing american chamber commerce u officials said baldrige meet philippines president corazon aquino april show continued u support government discuss steps could take improve atmosphere american investment also meet finance secretary jaime ongpin trade industry secretary jose concepcion reuter
rooter inc st qtr net shr cts vs cts net vs revs mln vs reuter
circle express ends overland buy circle express inc said negotiations proposed acquisitions overland express inc privately held continental training services inc terminated mutual agreement company said recent declines stock prices made unlikely transactions could qualify tax free reuter
total research corp fiscal net june end shr ct vs four cts net vs revs vs avg shrs vs reuter
systems inc rd qtr loss april end shr losses given net loss vs loss revs vs nine mths shr losses given net loss vs loss revs vs reuter
turkey calls dialogue solve dispute turkey said today disputes greece including rights continental shelf aegean sea solved negotiations foreign ministry statement said latest crisis two members stemmed continental shelf dispute agreement issue would effect security economy rights countries issue political solution found bilateral negotiations statement said greece repeatedly said issue legal could solved international court justice two countries approached armed confrontation last month greece announced planned oil exploration work aegean turkey said would also search oil face turkey confined research waters latest created opportunity solve disputes two countries foreign ministry statement said turkey ambassador athens due meet prime minister today greek reply message sent last week turkish prime minister contents message disclosed reuter
first fbt speculation premature first city bancorp texas inc soliciting bidders reiterated premature speculate course action pursue following story today wall street journal attracted least three potential acquirers first city said article confirmed company cautioned nothing say report beyond statement journal reported among bidders first city robert carney robert former chicago banker reuter
northern trust corp st qtr net shr cts vs cts net mln vs mln assets billion vs billion loans billion vs billion deposits billion vs billion reuter
marked dollar fall would burden u trade deficit stoltenberg
u trust corp first qtr shr cts vs cts
fhlbb reports thrift results fourth quarter federal home loan bank board said insured savings loan associations thrifts made profit fourth quarter reported moderate increases net earnings said pct thrifts reporting profits net tax income billion dlrs billion dlrs earned pct profitable industry third quarter whole profitable firms net income billion dlrs billion dlrs said pct industry made profit fourth quarter losses billion dlrs figure unprofitable firms billion dlrs third quarter said year firms total losses billion dlrs billion dlrs reuter
boart merger sweden ab st boart sa belgium societe generale de br holds indirect pct stake finalised negotiations merging oil gas drilling tool activities officials companies said president new brussels based joint venture company boart sa told news conference merged firm would able offer products types drilling operations said already signs slow recovery recession way oil gas industries stability oil prices lead renewed investment said said began operations today brings together wholly owned u subsidiary strata bit corp houston boart petroleum activities europe north america middle far east africa said merger direct result sharp fall oil prices months ago led oil firms cut back exploration activities officials said complementary two firms operations reason reuter
atlantic financial acquire l atlantic financial said signed definitive agreement acquire centurion savings loan association atlantic disclose purchase price atlantic said originally announced intention acquire centurion located los angeles feb centurion assets mln dlrs atlantic said reuter
heritage financial services st qtr net shr cts vs cts net vs avg shrs vs note company initial public offering shares october reuter
diamond crystal might sell salt unit diamond crystal salt co said might sell salt division company said retained first boston corp assist possible sale division assuming fair price reasonable terms obtained diamond crystal said sale unit best long term interests shareholders company also said products division april one unit indirect wholly owned subsidiary called diamond crystal specialty foods inc current management division remain reuter
ecuador posts mln dlr mth trade deficit ecuador posted trade deficit mln dlrs first eight months compared surplus mln dlrs period central bank figures show ecuador suspended oil exports made pct value total exports five months year earthquake march country pipeline central bank said value exports january august stood billion dlrs imports billion dlrs net international monetary reserves declined mln dlrs end september mln dlrs end september reuter
republic american corp rd qtr net oper shr cts vs cts oper net vs avg shrs mln vs mln nine mths oper shr dlrs vs cts oper net mln vs mln avg shrs mln vs mln note net excludes realized capital gains dlrs quarter mln dlrs nine mths reuter
products corp year loss oper shr loss cts vs loss cts oper net loss dlrs vs loss dlrs revs mln vs mln reuter
inc rd qtr net shr cts vs cts net vs sales mln vs mln avg shrs vs nine mths shr cts vs cts net vs sales mln vs mln avg shrs vs note earnings adjusted three two stock split paid june reuter
brent buy division proposes rights brent walker group plc said agreed buy group companies comprising plc l metropole casino division together central london mln stg payment cash completion except three mln stg payable december brent said also proposed raise mln stg net issue mln convertible shares one stg shares converted rate four ordinary shares every held full conversion issued ordinary share capital company would increase pct walk ltd company controlled walker family owns pct shares entitled mln convertible shares offer indicated intended sell enough nil paid enable take remainder brent would buy casino companies park lane london arrangements would also arrange repayment mln stg inter company debt brent walker shares firmed sharply announcement p p friday close also firmed p p reuter
united service advisors inc st qtr qtr ends sept shr profit seven cts vs loss two cts net profit vs loss revs vs avg shrs vs reuter
yankee unit sell subsidiary yankee cos inc said eskey inc subsidiary decided sell yale e key unit details disclosed reuter
bancshares inc rd qtr net shr cts vs cts shr diluted cts vs cts net mln vs mln avg shrs mln vs mln nine mths shr dlrs vs dlrs shr diluted dlrs vs dlrs net mln vs mln avg shrs mln vs mln note share adjusted july pct stock dividend results restated pooled acquisitions net includes loan loss provisions dlrs vs dlrs quarter mln dlrs vs mln dlrs mths reuter
sun sun acquire wyoming field wolverine exploration co said substantially material aspects agreement sell pct working interest luckey ditch unit county sun co inc satisfied closing transaction scheduled june eight wolverine said company agreed sell interest dlrs subject downward adjustment certain title state requirements sun already owns pct working interest unit reuter
royal dutch rd unit cut heating oil price royal dutch shell petroleum co subsidiary said reduce price charges contract barge customers new york harbor heating oil cts gallon effective tomorrow company said price cut bring contract barge price heating oil cts gallon reuter
last minute opposition gulf bill house speaker jim wright predicted passage legislation requiring reagan administration provide congress report mideast gulf policy last minute alliance left bill fate doubt legislation written wake may th iraqi missile attack u gulf killed americans president reagan decision protect kuwaiti oil tankers putting u flags effectively making american ships since administration made known plans congressional leaders complained charged policy could lead united states year old war iran iraq house vote today bill supported democratic republican congressional leadership administration demanded report within seven days plans meet security needs u forces gulf resolution expected pass without controversy today house foreign affairs committee full house take bill surprise move liberal democrats conservative republicans committee joined unusual alliance oppose resolution liberal democrats said lack restrictions bill implied consent reagan policies reuter
bank france cuts seven day repurchase rate eight pct pct official
average yen cd rates fall latest week average interest rates yen certificates deposit cd fell pct week ended april pct previous week bank japan said new rates previous brackets average cd rates banks pct money market certificate ceiling rates week starting april pct average cd rates city trust long term banks less days pct days pct average cd rates city trust long term banks days pct days pct days days pct days pct average yen bankers acceptance rates city trust long term banks less days pct days pct days reuter
lomas shareholders approve acquisition lomas financial corp said shareholders approved special meeting company acquisition equitable life leasing corp mln dlrs equitable life leasing corp subsidiary equitable investment corp owned equitable life assurance co u lomas said price consist one mln cash mln shares company common stock shares new series c preferred stock mln dlrs principal amount nine pct senior notes due company added acquisition close june reuter
six killed south african mine six workers killed four injured rock fall south africa second largest gold mine today mine owners said third major mine accident country less week thirty four workers died gas explosion coal mine last thursday reuter
lawson says bp share offer going ahead u k chancellor exchequer nigel lawson said government going ahead month flotation british petroleum co plc bp l shares despite collapse international stock markets going ahead whole issue underwritten underwritten always risk sort thing happening lawson said bbc radio interview lawson remarks came renewed selling london stock market took bp shares p well p price set around seven billion stg issue lawson said u k economy fundamentally sound added stock markets reflected recently believe market system best way securing economic mean say markets advice small investors remain calm absolutely reason lawson said reuter
forstmann little co sell unit little co said plans sell sybron corp unit leading maker marketer dental laboratory products undisclosed sum forstmann little said acquired sybron february since time sybron substantially restructured new management lower corporate overhead new location brook n j little said goldman sachs co act financial advisor move added sybron expects revenues current fiscal year mln dlrs operating income mln dlrs reuter
hartmarx targets earnings growth hartmarx corp following year restructuring continues target record earnings fiscal chairman john told annual meeting reiterated earlier comment earnings remainder year must double level meet goal fiscal ended november hartmarx reported earnings mln dlrs dlrs share prior year mln dlrs dlrs share year old apparel manufacturer recently posted first quarter earnings cts share cts year ago told shareholders hartmarx plans sell divisions added financial capacity take advantage acquisitions said company open five new direct consumer stores atlanta detroit st louis washington c san francisco said company women apparel continues grow hartmarx drawing board concept store feature ties clothing reuter
bank france leaves intervention rate unchanged pct official
brown group inc st qtr may net shr cts vs cts net vs sales mln vs mln avg shrs vs reuter
adams express co march assets shr dlrs vs dlrs assets mln vs mln shrs mln vs mln note assets capital gain distributions cts share february dlrs share december reuter
icco buys tonnes cocoa buffer stock international cocoa organization icco buffer stock manager bought tonnes cocoa today buffer stock traders said cocoa believed entirely made second hand material added purchase would bring cumulative buffer stock purchases tonnes reuter
canadian pacific cp unit studies pulp mill cip inc wholly owned canadian pacific ltd considering building pulp mill texas would use fibre instead wood cip president said interview plant member family artificially developed several years ago plant grown southern texas reaches feet three months said produce better quality newsprint wood pulp cip official said said company studies tonne capacity pulp mill would use fibre would need partners begin project yet ready commit hundreds millions dollars would take project said said cip using pulp trial basis make newsprint containing pct fibre pct softwood fibre quebec plant cip canada second largest newsprint producer recently launched mln canadian dlr newsprint mill gold river british columbia due begin producing metric tonnes per year fall reuter
fmc corp fmc venture fmc corp said entered equally owned joint venture thai called thai co ltd build plant initial capacity metric tonnes pct north bangkok company said plant expected operating fourth quarter said venture received incentives government thailand reuter
gaf gaf studying borg warner bor plan gaf corp studying agreement merrill lynch capital partners take borg warner corp private billion dlr transaction gaf spokesman said spokesman comment analysts said speculation gaf would make new offer chicago based plastics automobile parts company borg warner stock rose merrill lynch dlrs per share tender offer price merrill lynch capital partners unit merrill lynch co tendering pct borg warner offering package cash securities balance shares gaf offered dlrs per share previously holds pct borg warner stock reuter
bank france return apr week end apr mln francs gold reserves unch convertible currency reserves ecus special operations advances exchanges stabilisation fund nil nil special drawing rights unch notes circulation foreign liabilities
fairly week raw sugar woodhouse says fairly trading week raw sugar china paying market levels nearby shipments london trader woodhouse said weekly report july shipment thai raws traded china early week fob levels equivalent points discount july new york futures said mid week saw sales covered trade points discount enquiries july raw traded values rose quickly points premium new york july woodhouse said western hemisphere dominican republic mexican nearby raws bid points discount july new york offered five points limited trading said action past week far east raws market whereas whites market saw little fresh prospect nearby offtake added reuter
medtronic sees pct earnings growth medtronic inc said sees pct growth sales earnings year ending april analysts meeting company said year ending april earn mln dlrs dlrs share sales mln dlrs year ago period company earned mln dlrs dlrs share sales mln dlrs winston wallin medtronic chairman said company improve market share fiscal pacemakers expand cardiovascular product line wallin cautioned analysts quickly change per share estimates company said medtronic heavy sales marketing expenses fiscal said company intends earnings businesses dividends shareholders better grow business rather dividends share repurchases said wallin said sees medtronic share total worldwide market increasing pct fiscal pct fiscal said worldwide market products includes pacemakers valued billion dlrs double wallin said objective get hold new products start building market share borrow get new markets past medtronic pacemakers number problems leading product regulators also criticized industry citing quality problems pacemakers knowledge major problems pacemakers leads wallin said intend establish company quality leader industry nelson executive vice president said company intends diversify acquisitions companies areas medtronic expertise drug delivery systems wallin said pct earnings growth fiscal include acquisitions hope safety provisions major acquisition wallin also said company virtual rate responsive pacemakers fiscal company markets first single chamber response physical activity siemens ag west german company also developing rate responsive reuter
opec output may seen ceiling mln bpd london june opec may output appears risen well mln bpd ceiling mln bpd increase likely put short term spot oil prices kleinwort grieveson securities says kleinwort latest world oil report said lower non opec output earlier year allow group produce mln bpd current third quarter supply demand front market continues enjoy degree stability seen recent years said said opec members slightly united arab emirates uae seriously quota report said saudi arabia sending clear signals need maintain oil prices current levels around dlrs barrel adopt provisional output rises agreed december opec meets vienna june opec adopts provisional ceilings mln bpd third quarter mln bpd fourth probably room overproduction third quarter demand crude probably mln said said uae ecuador may demand higher quotas vienna biggest iraq refused honour quota less gulf war iran opec appears committed short meeting something must done iraq issue report said according kleinwort sources saudi arabia already held separate talks iran iraq urging iraq moderate one strong indication kind deal may eventually worked almost complete coming iran said indications return going along saudi desire maintain official prices vienna iran seeking concessions kingdom iraq issue said kleinwort said kingdom face increasingly task trying maintain prices around dlrs beyond opec led iran bound oppose move opec members press another price rise dollar remains weak currencies saudi arabia may forced raise prices earlier intended ward growing calls higher prices u stimulate domestic drilling exploration report concluded strong possibility official opec prices rise dlrs barrel end dlrs barrel end reuter
uae central bank cd yields rise yields certificates deposit cd offered united arab emirates central bank higher last monday offering bank said one month cd rose point pct two three six month maturities rose point pct respectively reuter
allwaste alws make acquisition allwaste inc said agreed principle acquire privately held firm interior cleaning services tank trailers common shares said firm name earned dlrs pretax first nine company said closing expected october reuter
u bank net free reserves mln dlrs two weeks april
german finance ministry confident maintaining currency stability around current levels spokesman
institutes see west german recession five leading west german economic research institutes revised forecasts growth predict recession west germany spokesman hans said institutes divided spring report forecasts three predicting two pct growth two seeing one pct expansion growth pct presenting report news conference said none institutes recession beginning recession added however exports remained weak point economy also said west germany would expect foreign goods onto markets arthur ifo institute diw west berlin presented pessimistic view economy said effects economy produced external factors remain considerable year reuter
nature products inc rd qtr shr cts vs cts net vs revs vs avg shrs vs nine mths shr cts vs cts net vs revs mln vs mln avg shrs vs reuter
fed adds reserves via overnight repurchases federal reserve entered u government securities market arrange overnight system repurchase agreements fed spokesman said dealers said federal funds trading pct fed began temporary direct supply reserves banking system reuter
opec president lukman expects short calm meeting opec conference president rilwanu lukman said expects next week ministerial meeting vienna brief calm opec current price production agreement may need slight review expect meeting vienna short calm lukman also nigerian oil minister told reporters ahead departure sunday conference starts june already agreement may need slight review lukman said agreement reached long session opec ministers december last year pegged group crude oil output mln bpd first half fixed prices around dlrs barrel since prices risen dlrs december official opec levels oil industry analysts firmly convinced organisation maintain agreement keep market stable believe opec tend take position strengthen gains made far lukman said declined say current ceiling maintained raised mln bpd third quarter mln fourth provisionally agreed last december whatever decision arrive collective keep market strong said said non opec member norway visited two weeks ago pledged cooperation group significant members lukman said heavy destocking consumers early year opec fixed price regime came effect winter responsible current market strength reuter
belgium issue gold warrants sources say belgium plans issue swiss franc warrants buy gold credit suisse lead manager market sources said confirmation details immediately available reuter
tri star pictures inc st qtr may shr four cts vs four cts net vs revs mln vs mln avg shrs mln vs mln note company changed fiscal year december last day february thus results operations year ago period restated reflect change current first quarter includes results operations management corp tri star acquired december reuter
horizon bancorp rd qtr net shr dlrs vs cts net mln vs nine mths shr dlrs vs dlrs net mln vs mln reuter
united telecommunications inc st qtr shr cts vs cts
telex corp investigate alternatives tlx partners bid may seek purchasers
sheldahl inc rd qtr may net shr cts vs one cent net vs revs mln vs mln nine mths shr cts vs seven cts net vs revs mln vs mln note per share figures adjusted three two stock split paid april reuter
budget chief miller warns fed interest rates white house budget chief james miller said concerned federal reserve might decline value u dollar raising interest rates move said could cause recession next year greatest danger miller told newspaper reporters yesterday concerned fed concerned see recent data showing substantial fall money supply edwin dale miller spokesman said remarks published new york times today accurate miller said concerned fed might signals rising inflation tightening credit move said could political consequences white house budget chief appeared referring effect economic slowdown could presidential congressional elections next year fear get recession deep question said miller said economic slowdown could lead lower tax revenues widening budget deficit miller remarks reflected concern u central bank might feel tighten credit means dollar treasury secretary james baker federal reserve board chairman paul volcker recently warned declines value u dollar could global growth prospects u officials urged japan west germany stimulate economic growth countries move could boost u exports relieve trade protectionist pressures united states reuter
harcourt hbj reed reed l rumors harcourt brace jovanovich inc officials available comment market rumors interested acquiring reed international plc reed l officials first boston inc harcourt financial adviser declined comment wall street arbitrageur owns harcourt shares said rumors make much sense harcourt announced recapitalization plan ward takeover attempt british publisher robert maxwell completely inconsistent recapitalization way drop recapitalization said calls harcourt seeking comment returned harcourt recapitalization come scrutiny u court fla monday company sought judgment debentures due light recapitalization harcourt said statement week salomon brothers inc sb mutual shares corp intervened case claiming ownership mln dlrs face amount debenture addition british printing communications corp headed maxwell owns mln dlrs face amount harcourt said salomon said filing securities exchange commission today debentures court decides converted par value one dlr could converted mln shares harcourt asking court rule company required issue common debenture holders convert prior june eight increase reed shares london today attributed brokers rumors harcourt interest also rumors maxwell might buyer adviser maxwell new york said basis think us reuter
group inc rd qtr net shr cts vs two cts net vs revs mln vs avg shrs vs nine mths shr cts vs cts net vs revs mln vs mln note per shr data adjusted reflect pct stock dividend distributed nd qtr reuter
stoltenberg declines comment currency zones west german finance minister gerhard stoltenberg declined comment whether target zones currencies agreed last february louvre accord changed result meeting monday u treasury secretary james baker asked target zones news conference bonn stoltenberg referred statement released monday meeting said continuing cooperation aimed promoting currency stability current levels formula used text louvre accord noted reuter
civil service strike delays u k trade figures civil service industrial action started early month delay publication may u k overseas trade figures due next thursday trade industry department statement said department spokesman said figures probably put back month june trade figures due late july also delayed added reuter
haas group gets financing acquisition
citibank norway unit six mln crowns citibank cci n norwegian subsidiary u based bank said made net loss six mln crowns although foreign bankers said expect show profits two years citibank treasury head told reuters citibank one seven foreign bank subsidiaries operating norway lost money restructuring investment banking away commercial banking economic slump norway following last year plunge oil prices foreign banks allowed operate norway since foreign banking analysts said access norway second hand securities equities markets approved later spring lower primary reserve requirements would make profit year citibank lost crowns norway said profit likely year planned liberalisation better economic performance helped oil price around dlrs barrel earlier year chase manhattan bank cmb n subsidiary decided stop foreign exchange trading heavy losses focus instead fee based merchant banking reuter
met systems corp rd qtr feb net shr seven cts vs nine cts net vs sales mln vs mln nine mths shr cts vs cts net vs sales mln vs mln qtly div three cts vs three cts prior pay april record april reuter
bethlehem steel says raising steel sheet prices dlrs short ton
comerica inc st qtr net shr dlrs vs dlrs shr diluted dlrs vs dlrs net vs avg shrs vs loans mln vs mln deposits billion vs billion assets billion vs billion note per share results reflect payment preferred dividends reuter
home savings loan association inc nd qtr march shr cts vs given net vs st half shr dlrs vs given net vs note company recently went public reuter
marine midland banks inc st qtr dlrs vs dlrs
canada allows publishing takeover harcourt investment canada said allowed indirect takeover holt rinehart winston canada ltd w b saunders co canada ltd ltd harcourt brace jovanovich canada inc government agency said however harcourt canada agreed sell control firms canadian interests within two years harcourt canada u parent harcourt brace jovanovich inc hbj indirectly acquired canadian book publishing companies purchased holt rinehart winston cbs inc cbs last october reuter
mees newsletter says oman offers oil discounts oman granted term crude oil customers retroactive discounts official prices cents per barrel liftings made february march april weekly newsletter middle east economic survey mees said mees said price adjustments arrived negotiations oil ministry companies concerned designed compensate difference market related prices official price dlrs per barrel adopted non opec oman since february reuter
hanson han buy int l protein pro stock international proteins corp said agreed sell private placement common shares dlrs share u subsidiary hanson trust plc addition david president another hanson trust subsidiary hanson industries named chairman international proteins executive committee upon election board annual meeting international proteins recently acquired family business great south beach sales co restricted common shares issued date international proteins said agreement hanson trust subject stockholder approval annual meeting expected held june company said hanson trust purchasing stock investment purposes adding agreement includes restrictions purchase sale company hanson next five years international proteins said use proceeds expand domestic operations company mln shares outstanding reuter
finland current account deficit st qtr finland current account balance payments showed deficit billion markka first quarter deficit billion period last year bank finland said statement reuter
australian unions nsw government reach deal union new south wales government officials reached compromise dispute workers compensation increased industrial action state union sources said unions including building mining workers said dissatisfied deal would continue strikes days state officials said government agreed revise proposals cut compensation would allow slightly higher cash benefits injured workers original proposal sparked strikes industrial action state april workers compensation would cut one third full details compromise package yet known labour council affiliated australian council trade unions threatened new south wales unless government modified pending legislation issue state officials said sectors affected past three days government building projects railway freight movement cargo handling sydney ports reuter
china daily says pct grain stocks survey provinces seven cities showed seven pct china grain stocks china daily said also said year mln tonnes pct china fruit output left rot mln tonnes pct vegetables paper blamed waste inadequate storage bad methods said government launched national programme reduce waste calling improved technology storage greater production paper gave details reuter
bristol myers co bmy rd qtr net shr cts vs cts net mln vs mln sales billion vs billion nine mths shr dlrs vs dlrs net mln vs mln sales billion vs billion note share adjusted two one stock split reuter
geodyne resources inc th qtr feb shr profit three cts vs profit cts net profit vs profit revs vs avg shrs vs year shr loss eight cts vs profit six cts net loss vs profit revs vs avg shrs vs note share results preferred dividend requirements dlrs vs dlrs quarter dlrs vs dlrs year company pct owned group inc pwj reuter
hmo america agrees acquired hmo america inc said signed letter intent mount medical center affiliate providing common preferred stock acquired new profit company controlled mount chicago area profit hospitals may elect participate acquisition form transaction yet determined said according terms hmo shareholders would receive combination cash debt securities issued buyer exchange outstanding shares common preferred stock said amount cash per share yet determined added arrangements financing yet made assurance financing received hmo said closing proposed transaction completed expected november said reuter
leaseway transportation completes unit sale leaseway transportation corp said completed previously announced sale leaseway puerto rico inc subsidiary central federal savings bank undisclosed terms company said sale satisfied condition proposed acquisition investor group led citicorp cci reuter
investment firm pct fidelity international ltd bermuda based investment advisory firm affiliated investment firm american values iii n v said acquired share industries inc filing securities exchange commission group said bought stake amounts pct total outstanding common stock acquire equity interest company investment purposes group said may raise stake sell plans seek control company reuter
sterivet laboratories ltd st qtr net shr profit cts vs loss cts net profit vs loss revs vs reuter
quaker oats co oat st qtr sept net shr cts vs cts net mln vs mln sales billion vs mln avg shrs vs reuter
reports higher profits weeks april share basic p vs p fully diluted p vs p final dividend p vs p making p vs p pretax profits mln stg vs mln turnover mln stg vs mln profit retail operations mln stg vs mln tax mln stg vs mln profit tax mln stg vs mln extraordinary items debit mln stg vs debit mln note full name plc l reuter
u card international inc st qtr periods ended april shr cts vs cts net vs revs mln vs mln avg shrs mln vs mln note net includes gain dlrs seven cts share tax loss carryforwards reuter
federal bank f b st qtr net shr cts vs cts net vs avg shrs vs note net qtrs reflects gains sales securities pct net pct net reuter
nippon steel denies china seeking japanese plants nippon steel corp denied local newspaper reports china seeking buy steel plants japanese firms plan suspend output recently announced rationalisation program quoted nippon steel saying china state planning commission chinese firms asked japanese makers sell steel works rolling mills expand steelmaking named sources nippon steel spokesman told reuters china made official request company considering sales moment quoted nippon steel officials saying prices reasonable would export used mills china paper said china crude steel output totalled mln tonnes calendar plans increase mln japan steel industry rationalisation plan aimed cutting production capacity sharply next years reuter
management science america inc st qtr shr loss cts vs loss two cts net loss vs loss revs mln vs mln avg shrs mln vs mln note net includes tax credits dlrs vs dlrs reuter
super rite foods inc st qtr may shr cts vs seven cts net vs revs mln vs mln reuter
weinberger says u forces attacked iranian oil platform
co rd qtr net shr cts vs cts net vs sale mln vs mln nine mths shr dlrs vs dlrs net vs sales mln vs mln reuter
wickes wix completes purchase wickes cos inc said completed purchase corp undisclosed amount supplier automotive equipment annual sales mln dlrs reuter
atlas consolidated mining th qtr shr loss cts vs cts net loss mln vs loss mln revs mln vs mln year shr loss cts vs loss dlrs net loss mln vs loss mln revs mln vs mln reuter
brown boveri und cie ag lifts dividend dividend business marks per share vs seven marks company subsidiary switzerland bbc ag brown boveri und cie z reuter
manufacturers hanover corp mhc rd qtr net shr profit dlrs vs dlrs net mln vs mln nine mths shr loss dlrs vs profit dlrs net loss billion vs profit mln note rd qtr includes previously reported gain mln dlrs mln tax excess pension funds nine mths include billion dlr addition loan loss reserves nd qtr mostly debts reuter
usda orange juice yield estimate u agriculture department projected average yield gallons frozen concentrated orange juice per box degree equivalent florida crop compares gallons per box previously gallons per box crop crop reporting board said estimates season based maturity yields tests april reuter
texaco canada raise crude oil postings texaco inc texaco canada said raise postings edmonton swann hills crude canadian cts barrel effective june company said new posting edmonton swann hills dlrs barrel price hike follows round crude oil price increases started late june sun co major canadian crude suppliers raised prices june reuter
exxon xon south african unit acquired oil pty ltd said acquired interests esso south africa local subsidiary exxon corp xon use mln rand profits finance educational social programs profit scheme begin paid exxon undisclosed purchase price esso chairman john said statement acquisition follows exxon withdrawal south africa announced last december reuter
cxr telcom corp rd qtr march net shr nil vs nil net vs revs vs nine mths shr one ct vs nil net vs revs vs reuter
gulf western gw acquire british company gulf western inc publishing unit simon schuster said agreed principle acquire woodhead faulkner publishers ltd british based publisher professional consumer books undisclosed terms upon completion proposed transaction woodhead faulkner become part simon schuster international group u k includes simon schuster trade books hall simon schuster said woodhead faulkner continue publish name company continue direction martin woodhead report henry president simon schuster international group woodhead faulkner founded publishes international banking finance investment books reuter
corp rd qtr net shr loss four cts vs profit four cts net loss vs profit revs vs nine mths shr loss three cts vs profit seven cts net loss vs profit revs vs reuter
mr fashions inc year feb net shr cts vs cts net vs sales mln vs mln reuter
abbott sees gains weaker dollar abbott laboratories inc said first quarter record results reflected continued productivity improvement higher volume better product mix weaker u dollar abbott reported first quarter earnings rose record mln dlrs cts share record sales one billion dlrs research development expenses applied diagnostic pharmaceutical products increased pct mln dlrs said sales pharmaceutical products mln dlrs first quarter pct year ago abbott said hospital laboratory product sales first quarter rose pct mln dlrs said first quarter sales domestic markets advanced pct mln dlrs international sales jumped pct mln dlrs abbott said reuter
global economic slowdown raises new debt fears global economy expected weaken year adding new worries already serious outlook economic analysts said finance ministers central bankers attending week semi annual meetings international monetary fund world bank new figures released imf add additional concern fund estimated world output would grow pct year versus pct last year pct industrial countries gross national product measure goods services expected decline pct year compared pct imf said developing countries gross domestic product another measure economic growth expected fall pct pct last year new figures considered major disappointment poorest countries hoped new industrial countries brought sharp decline oil prices would assist economic recovery help cope growing debt imf officials discussing outlook said believed industrial country economies would move annual growth rate three pct end decade economic analysts imf saying time ability keep debt crisis turning economic sustained economic growth since debtor countries must look states markets products well financial assistance economic weakness developed nations economies fundamental worries debtor countries including poorest states open earning foreign exchange including key one exports u economy fifth year expansion served mainstay developing country exports seen rather year growing pct according imf reason high trade deficit united states pressuring japan west germany economies little apparent success imf study also course dollar lack impact u trade deficit reagan administration officials saying impact beginning show although much slower expected imf observed world economic outlook recognized exchange rate adjustments take time work payments flows probably least three years get complete effect report added however adjustments may take even time occasion reuter
buying three companies co said signed definitive agreement acquire robert scott ltd inc david brooks ltd inc andrew harvey ltd mass terms disclosed combined sales three companies mln dlrs said deals expected completed july said reuter
makes acquisitions inc said acquired slater auto electric ltd two ontario stores united diesel engine parts ltd nova scotia undisclosed terms said transactions together acquisitions earlier year increase annual sales mln dlrs reuter
soviet industrial growth trade slower soviet union industrial output growing slower pace foreign trade fallen central statistical office figures show figures communist party newspaper pravda show industrial production rose pct first nine months pct period foreign trade period fell pct period exports fell pct imports dropped pct foreign trade nine months totalled billion roubles separate import export figures given one factor affecting industrial growth introduction new quality control plan western economists said last year calculations industrial output included goods quality new plan introduced line soviet leader mikhail gorbachev drive modernise economy special right reject goods consider standard pravda said mln roubles worth goods rejected nine month period figures also showed october cooperative enterprises employing people employed private sector pravda said without giving comparative figures promotion cooperative private sectors economy important part campaign measures introduced recently allow setting small shops private basis labour productivity rose pct first nine months pct growth january september western economists said soviet productivity figures caution broadly based west measures worker output given period pravda said mln people soviet union october january september period mln people employed rise pct period last year average earnings roubles month roubles year ago reuter
soviet trade deficit west soviet trade deficit west almost last year reaching billion roubles compared mln official figures showed statistics published monthly journal foreign trade showed soviet trade turnover fell billion roubles billion previous year drop pct moscow trade surplus east bloc countries continued grow western analysts attributed deficit rise west world oil price slump hit moscow main export cut hard currency earnings needed purchases west reuter
ec launches anti dumping probe japanese chips european community launched investigation allegations dumping japanese semiconductor makers move diplomats said could mark world trade strains tokyo already faces deadline april washington imposition mln dlrs worth tariffs chips imports u ec executive commission said today european electrical component manufacturers association complained japanese firms selling high capacity type read memory chips unfairly low prices japan last year took pct mln dlr ec market pct ec firms said forced offer products discount pct order compete japanese commission said believed association given sufficient elements proof dumping warrant investigation could lead impose duties found complaints justified commission claims last year accord u japan microchip pricing gives u firms access japanese market reuter
electronics corp nd qtr sept net shr cts vs seven cts net vs revs vs avg shrs vs nine mths shr cts vs cts net vs revs mln vs avg shrs vs reuter
johnson matthey raise pretax profits pct year march fin div p making p vs p shr p vs p pretax profit mln stg vs mln net tax mln vs mln turnover billion vs billion extraordinary mln vs mln note full company name johnson matthey plc reuter
u k money market given mln stg assistance bank england said provided money market mln stg help morning session compares bank estimate system would face shortage around mln stg today central bank bought bank bills outright comprising two mln stg band two pct mln stg band three pct mln stg band three pct reuter
king world productions inc nd qtr feb shr cts vs eight cts net vs revs mln vs mln st half shr cts vs cts net mln vs revs mln vs mln reuter
first america bank inc st qtr net shr dlrs vs dlrs net vs avg shrs vs loans billion vs billion deposits billion vs billion assets billion vs billion reuter
fine foods inc go private fine foods inc said certain directors officers currently represent pct company stock plan take private cash buyout company said group plans offer dlrs per share pct stock currently outstanding reuter
vernitron sets record date merger vote vernitron corp said set new record date shareholders entitled vote proposed merger vernitron corp sb holding corp july vernitron manufactures components related products services said expects special meeting shareholders held august vernitron said sb holding holds pct vernitron resulting tender offer november reuter
treasury baker met west germany stoltenberg today agreed support louvre pact
phillips raises crude oil posted prices cts bbl effective yesterday wti dlrs
u k september rises pct pct bank england
mines corp rd qtr net shr profit cts vs loss cts net profit vs loss revs mln vs avg shrs vs nine mths shr profit cts vs loss cts net profit vs loss revs mln vs avg shrs vs reuter
hbo urges shareholders andover hbo co said sent letter strongly urging shareholders sign proxy cards sent andover group march andover group two man general partnership owns seven pct hbo stock filed preliminary proxy materials securities exchange commission seeking alternative slate directors company april annual meeting andover expressed interest acquire company september hbo never received offer said addition hbo said financial condition improving rapidly result significant restructuring implemented expects company report net income cts per share significant increase year ended december company reported loss mln dlrs cts per share reuter
cocoa terminal deposits cut pct icch basic deposit cocoa futures contracts reduced pct friday april taking required deposit one tonne lot stg previously spokesman international commodity clearing house icch said deposit spread contracts similarly cut stg one tonne lot previously said icch looking cocoa market fluctuations period weeks said adding market basic stability warranted cut deposit rates decision cut deposits taken icch consultation london cocoa terminal market spokesman said cuts likely attract business market said reuter
new zealand continue firm monetary policy reserve bank new zealand said evidence suggest fall share prices affected financial stability would maintain firm monetary policy governor spencer russell said statement central bank accept arguments battle inflation take low second priority plunge russell said bank two statutory implement government monetary policy bring inflation ensure financial sector stability unless bank directed otherwise firm monetary policy continue much national interest said yet evidence available bank suggest fall share prices affected stability financial sector barclays share index fell record points tuesday decline pct reuter
u treasury baker meets west german minister u treasury secretary james baker met west german finance minister gerhard stoltenberg bundesbank president karl otto poehl today west germany agreed support louvre pact treasury department said treasury described meeting positive private meeting frankfurt west germany agreed upon last week parties agreed continue economic cooperation louvre agreement flexible application including cooperation exchange rate stability monetary policies treasury said treasury said baker stoltenberg consulting g colleagues confident enable foster exchange rate stability around current levels louvre pact agreement group seven leading industrial countries including united states west germany promote currency stability baker scheduled visit scandinavia belgium week department earlier refused release details travel citing security considerations reuter
pentland reduce reebok holdings pentland industries plc said report substantial capital gain sale part holdings reebok international limited cut stake reebok pct pct said reebok filed registration statement securities exchange commission offering six mln shares reebok common reebok sell three mln shares pentland sell shares reducing stake reebok mln mln shares offering reebok mln shares shares outstanding pentland said amount capital gain sale depends offering price reebok shares negotiated reebok selling stockholders offer mln shares reebok common underwriters pentland said proceeds offering used reebok retire bank debt incurred acquisition avia group mln dlrs said afterwards reebok bank credit lines available general corporate purposes including possible acquisitions reebok stock selling price mln reebok shares pentland sell worth mln dlrs three mln shares reebok sell worth mln dlrs pentland said use proceeds fund growth possible acquisitions pentland said shares offered u syndicate led kidder peabody co inc shares offered outside u international syndicate led kidder said u underwriters granted option buy certain selling stockholders additional shares cover pentland said chosen participate pentland said soon date price offering determined release details said expects offering close may reuter
total petroleum tpn texas pipelines total petroleum na tpn shut several small crude oil pipelines operating near texas oklahoma border last friday damage local flooding according gary manager operations total shut inch line runs across river capacity bpd well several smaller pipelines inches wide several thousand bpd less said basin pipeline major pipeline running bpd run consortium oil companies closed today one small pipeline total also closed capacity bpd red river fargo texas said said closed pipelines run river water could damaged flooded rivers river banks said total waiting river waters pipelines reuter
personal computer products expects loss personal computer products inc said expects report loss dlrs third quarter ended march compared year ago loss quarter dlrs said revenues quarter expected dlrs compared dlrs year earlier nine months ended march personal computer expects net loss dlrs compared loss dlrs previous year revenues nine months expected dlrs compared year ago company said report earnings soon reuter
corp year loss shr loss cts vs loss nine cts net loss vs loss revs mln vs mln avg shrs vs note net includes dlrs increased provisions receivables affiliates lower recoverable value inventories writeoffs capitalized costs discontinued projects dlr provision resolution shareholder class action suit gain dlrs repurchase manufacturing equipment reuter
rte corp rte rd qtr net shr profit cts vs loss cts net profit vs loss sales mln vs mln nine mths shr profit dlrs vs profit cts net profit vs profit sales mln vs mln note figures include five mln dlr cts share charge electronics restructuring mln dlr charge early retirement mln dlrs long term notes reuter
inc rd qtr net shr dlrs vs dlrs diluted shr dlrs vs dlrs net mln vs mln nine months shr dlrs vs dlrs diluted shr dlrs vs dlrs net mln vs mln reuter
shell caltex bp revise singapore petrol prices shell eastern pte ltd revise pump prices petrol hours local caltex asia ltd bp singapore pte ltd revise midnight tonight company officials said caltex shell set prices gm lead cents litre octane cents octane bp set prices cents litre cents respectively previous industry pump prices gm lead cents octane cents octane reuter
crazy eddie inc says oppose slate entertainment marketing
u k money market given late help mln stg bank england said gave market late assistance around mln stg bringing total help day mln stg compares bank estimate liquidity shortage around mln stg raised early forecast mln stg reuter
spectra physics rejects ciba geigy tender offer
fed three day system repos federal reserve entered government securities market arrange three day system repurchase agreements spokesman new york fed said federal funds trading pct time direct injection temporary reserves dealers said reuter
saudi renegotiation aramco deal moving along saudi arabia renegotiation collective agreement aramco purchase oil latter ex partners moving along lead fundamental structural change contract oil industry sources said petroleum intelligence weekly monday said negotiations moving along adjustment mln bpd joint long term agreement official prices volumes terms may agreement signed january months february june renegotiation january contract aramco purchase mln bpd four partners allocated among exxon corp xon bpd texaco inc tx bpd mobil corp mob chevron corp chv bpd texaco inc first quarter allowed companies like exxon corp obligations contract said one alternative consideration four individual contracts rather collective john lichtblau director petroleum industry research foundation inc said renegotiation pact saudis company separate schedule although separate agreements companies would favor one one negotiations ensure contracted liftings occur companies probably follow saudi wants within limits want long haul said lichtblau said would likely concentrate volume rather price saudi agreement long noted april industry publications said renegotiation sought fact later confirmed reuters aramco aramco corp formerly owned chevron corp chv exxon corp xon mobil corp mob texaco inc tx owned saudi arabia bought assets although ex partners various agreements saudi arabia reuter
hayes inc st qtr net shr cts vs cts net vs revs mln vs mln note pct owned corp reuter
ncnb ncb merge ncnb corp said board governors federal reserve system approved application merge inc baltimore expected completed july company said board approval included dismissal protest baltimore based maryland alliance responsible investing ncnb performance community act company said maryland alliance wanted merger blocked grounds ncnb served credit financial needs low income minority communities markets company said denied claim reuter
hanover insurance raises dividend hanover insurance co said board declared quarterly dividend nine cts per share payable may holders record april dividend comes two one stock split effective april approved shareholders today company paid dividend cts per share pre split basis reuter
info data acquire usa outdoor advertising info data inc said acquire usa outdoor advertising inc jacksonville fla exchange stock usa outdoor advertising acquired pct outstanding shares info data inc company said info data said plans change name usa outdoor advertising inc reflect change company operations reuter
treasury balances fed fell april treasury balances federal reserve fell april billion dlrs billion dlrs previous business day treasury said latest budget statement balances tax loan note accounts fell billion dlrs billion dlrs respective days treasury operating cash balance totaled billion dlrs compared billion dlrs april reuter
anz banking group cuts prime rate pct australia new zealand banking group ltd anza said cut prime rate pct effective june cut takes anz prime lower end range prime rates offered australian trading banks highest rate pct cut follows announcements cuts yesterday citibank ltd pct effective today commonwealth bank australia pct effective june reuter
pay n pak pnp gets two offers company pay n pak stores inc said received two proposals response previously announced potential buyers company company said evaluating proposals paul bilzerian third party active leveraged buyout field pay n pak declined identify said bilzerian proposal calls shareholders receive basis dlrs cash dlrs liquidation value cumulative exchangeable redeemable preferred stock common share pay n pak said second proposal structured merger holder would receive combination dlrs cash dlrs liquidation value pct cumulative preferred company said dividend preferred offered bilzerian would set opinion financial advisor company financial advisor preferred would trade public market liquidation value dividends preferred could paid option surviving corporation cash additional shares preferred first five years added pay n pak said bilzerian proposal subject physical inventory merchandise june bilzerian provide details respect financing proposal subject financing condition company said dividends preferred offered second proposal would paid additional preferred first three years preferred would redeemed years said second offer contingent arrangement financing adding party making offer confident ability obtain balance financing pay n pak said second proposal conditioned upon satisfactory agreement company management regarding equity participation new company second party anticipates letter intent financing commitment pay n pak board would expense option arrangement company said reuter
family health systems inc nd qtr feb shr profit one ct vs nil net profit vs profit revs vs avg shrs mln vs nine mln six mths shr loss nil vs loss one ct net loss vs loss revs vs reuter
north american communications possible sale merger
corp st qtr sept net shr five cts vs seven cts net vs sales vs note backlog three mln dlrs vs june reuter
brazilian coffee rainfall following rainfall recorded areas past hours parana state nil nil nil nil sao paulo state nil nil nil nil sao carlos nil sao nil minas state nil nil reuter
skyline v expects begin mine july skyline ltd said expects construction begin next month gold mine mountain camp located miles north vancouver company said contract let tons per day mill company receiving cooperation provincial federal agencies stage one report approval principal required actual construction begin skyline said optimistic approval principal received late june time expects confirmed threshold tonnage grade targets construction begin july skyline said exploration east mountain advanced feet vein continuous averaging four feet plus altered wall said periodic face samples indicate average grade ounces per ton ore ranging low ounce per ton high ounces per ton reuter
exploration ltd year loss shr loss five cts vs profit cts net loss vs profit revs vs note canadian dollars proved oil reserves year end mln barrels pct year earlier natural gas reserves billion cubic feet nine pct reuter
countrywide transport cwts rd qtr net shr cts vs cts net vs revs mln vs mln avg shrs vs nine mths shr cts vs cts net vs revs mln mln avg shrs vs note full name countrywide transport services inc reuter
balladur insists maintenance louvre accords french finance minister edouard balladur issued firm call continued application louvre accords currency stability major industrial countries balladur responding weekend remarks u treasury secretary james baker u would take another look accords said firmly desire firm adherence major industrial countries louvre accords letter spirit sunday baker said last week rise short term west german interest rates keeping accords louvre accords agreed paris last february called stability among major currencies prolonged dollar slide accords reaffirmed group seven finance ministers washington last month baker said weekend west german rate rise keeping spirit agreed really saying expect us simply sit back accept increased tightening part assumption going follow added reuter
fhlbb changes short term discount note rates federal home loan bank board adjusted rates short term discount notes follows maturity new rate old rate maturity days pct pct days days pct pct days days pct pct days days pct pct days days pct pct days reuter
dominion calls burlington bur report rumor dominion textile inc considers published report bought stake burlington industries inc considering making joint bid company rumor company spokesman said far concerned company concerned rumors commenting rumors spokesman michel told reuters response query information given publicly yes dominion textile interested making acquisition big probably based people starting rumors said said yes asked whether report rumor said company prepared comment dominion textile president chairman thomas bell town unavailable comment dominion textile last year made mln u dlr bid mills maintained mln u dlr line credit used american acquisition said company negotiating many u textile companies would say whether burlington industries one burlington stock rose sharply morning report said dominion textile joined u investor asher edelman buy stake company consider making takeover offer dominion textile reported operating profit mln canadian dlrs last year sales mln dlrs repeatedly said concentrate expanding u company said plans diversify new product market areas addition expanding textile operations reuter
north yemen calls sugar buying tender trade north yemen called buying tender saturday purchase tonnes white sugar arrival june traders said reuter
texaco tx says oil flows established texaco inc established key oil supply lines following yesterday court filing protection chapter u code said texaco worldwide operations several companies say willing start trading told reuters interview company last week stated number domestic international oil suppliers demanding cash oil shipments cases cut supplies banks also cut credit lines said court filings manufacturers hanover corp mhc banks told texaco would cut one billion dlr credit line texaco said court filing chase manhattan corp cmb j p morgan co jpm morgan guaranty trust co asked deposits cover transactions said severe conditions suppliers creditors arose unfavorable ruling last monday u supreme court texaco ongoing dispute pennzoil co acquisition getty oil co high court said texas courts must consider texaco cut billion dlr bond appealing case suppliers stayed us long could said following monday supreme court ruling texaco suppliers began demanding cash halting supplies last wednesday turned said supplies cut point could run system anywhere near capacity said less half texaco oil supplies cut would produced severe shortages mid may situation appears much less severe said said algerian national oil company future deliveries crude oil natural gas occidental petroleum co oxy demanded cash crude atlantic richfield co arc asked special company also said british petroleum co plc bp last week refused accept order fuel oil today said big u k company fact said would go supplying cancelled last week declined identify company petroleos de venezuela venezuelan state oil company supplies large portion texaco oil also halted shipments two weeks ago said added texaco expected meet later today attempt key supply line talks also expected take place added bankruptcy specialists said likely texaco chapter filing would allow company secure credit lines oil supplies key company business business usual texaco said martin bankruptcy attorney new york law firm dreyer creditors nervous people said situation likely extend credit chapter company officials texaco immediately available say whether discussions held banks whether credit lines reuter
texas eastern corp rd qtr net shr profit three cts vs profit cts net profit vs profit mln nine mths shr profit dlrs vs loss cts net mln vs loss mln note rd qtr nine months includes profit mln dlrs loss mln dlrs discontinued operations earnings per share reported payment preferred stock dividends subsidiaries reuter
swedish industrial production rises sharply swedish industrial production rose pct february pct fall january showing pct rise february reaching highest level ever central bureau statistics said rise reflected recovery almost sectors exceptionally cold spell january bureau said adding highest rises seen forest chemical metal industries reuter
kraft inc kra rd qtr sept net shr cts vs cts net vs sales billion vs billion nine mths shr dlrs vs dlrs net vs sales billion vs billion avg shrs vs note earnings include loss mln dlrs cts share quarter gain mln dlrs cts share nine months reuter
liberty financial says agrees acquired equimark dlrs per share
cxr torotel settle suit cxr telcom corp torotel inc agreed principle settle pending litigation regarding sale torotel former halcyon communications inc unit cxr march two companies said joint statement agreement calls cxr pay torotel dlrs exchange return mln dlr note five mln cxr common shares valued mln dlrs companies said june cxr filed suit san francisco federal court charging mln dlr price paid excessive torotel said also said suit cxr asked seven mln dlrs damages along unspecified punitive award reuter
metropolitan mony make offer metex metropolitan consolidated industries inc said make tender offer outstanding shares common stock metex corp currently held option metropolitan dlrs per share company said offer subject securing satisfactory financing metropolitan currently owns pct metex common holds options purchase additional pct metex common stock metropolitan said offer made later october reuter
group lifts stake smith international group firms led hong kong based industrial equity pacific ltd said increased stake smith international inc common stock shares pct total outstanding pct filing securities exchange commission group said bought smith common shares october dlrs dlrs share reason given recent purchases reuter
german may trade surplus billion marks april surplus billion official
zero corp nd quarter net shr cts vs cts net vs revs mln vs mln six mths shr cts vs cts net vs revs mln vs mln avg shrs mln vs mln reuter
royal gold silver corp six mths net shr profit two cts vs loss two cts net profit vs loss revs mln vs nil note period includes dlr extraordinary gain reuter
hillsdown buys companies mln dlrs hillsdown holdings plc l said ltd unit would buy european making interests simmons co u owned gulf western industries inc usa gw mln dlrs acquisitions include ltd u k compagnie simmons sa france italiana simmons spa italy three businesses made pre tax profit around mln stg sales mln stg net assets acquired come around nine mln stg hillsdown shares unchanged p reuter
bank fails reach agreement bank said able reach definitive agreement buy horizon financial corp horizon funding billion dlrs loan servicing victor savings loan association formerly known first southern federal savings loan association earlier announced signing letter intent make acquisitions horizon financial horizon funding units victor savings loan association reuter
u business loans fell mln dlrs business loans books major u banks excluding acceptances fell mln dlrs billion week ended june federal reserve board said fed said business loans including acceptances fell mln dlrs billion dlrs reuter
dart group declines comment dayton hudson dh dart group corp darta said comment reports company accumulating shares dayton hudson corp dayton hudson said letter shareholders told aggressive buyer stock want acquired wall street sources identified buyer dart earlier year thwarted takeover attempt privately held supermarkets general corp reuter
south yemen plans oil export pipeline mees south yemen planning major oil pipeline system completed months time start exports initial rate barrels per day bpd middle east economic survey mees said mees said government approval export pipeline followed visit high ranking delegation soviet union help south yemen line engineering studies pipeline nearly finished construction expected start early next year industry newsletter said pipeline run kms miles oilfields coastal terminal ali gulf mees said mees said soviet firm developing south yemen substantially increased initial reserve estimates recommended pipeline eventual bpd capacity discovery commercial oil confirmed earlier year three structures region northwestern part country kms east north yemen oilfield reuter
gordon jewelry corp th qtr aug loss shr loss cts vs loss cts net loss vs loss revs mln vs mln year shr loss dlrs vs profit dlrs net loss mln vs profit mln revs mln vs mln note year includes charge mln dlrs pre tax inventory valuation allowance year also includes charge mln dlrs discontinued operations reuter
inc nd qtr september shr cts vs cts net vs revs vs six mths shr cts vs cts net vs revs mln vs mln note nd qtr six mths net includes dlrs dlrs tax credits nd qtr six mths net includes dlrs dlrs tax credits reuter
mueller brass lowers product prices mueller brass co said effective shipments today adjusting price brass mill products except free cutting brass rod related copper water tube related products reflect contained copper values cents pound two cents reuter
general electric ge buy kraft kra unit general electric co ge credit corp said agreed buy capital stock kraft inc wholly owned subsidiary k financial corp terms acquisition disclosed k assets one billion dlrs one leading u companies involved leasing cars according ge credit jim spokesman ge credit outside public relations firm lee inc emphasized terms acquisition yet approved reuter
fujitsu ltd itsu group year ended march group shr yen vs net billion vs billion current billion vs billion operating billion vs billion sales billion vs billion reuter
group pct distributed logic investor group led technology growth fund ltd colo investment firm said acquired shares distributed logic corp pct total may try influence company filing securities exchange commission group also includes individual investors non profit foundation said bought stake dlrs investment calif company also said investigating possibility seeking influence management company may increase stake reuter
german experts say economic stimulus west german government independent council economic experts believes stimulation economy inappropriate government spokesman said statement released meeting chancellor helmut kohl senior government officials council said experts believed growth two pct added council believed already expansionary stimulation monetary financial policy called statement said experts believed pressure west germany adapt external economic factors would increase government regularly uses term changed external economic factors referring fall dollar severely damaged west german exports bonn officials said expect exports pick year could still fall level along leading industrial countries west germany agreed package measures meeting paris february aimed stemming fall dollar stance taken experts backs official position west german government ahead next week seven nation summit venice bonn expected pressed u partners boost economy west german government officials stressed bonn position stimulate growth since tax cuts due next year already stretching budget bundesbank also ruled quick cut official interest rates although sees market rates continuing low experts economic growth year two pct slight downward revision forecast made last november two pct growth forecast many independent revised predictions light downturn exports government said expects growth two pct compared pct expansion reuter
ncr corp ncr st qtr net shr cts vs cts net mln vs mln revs billion vs mln avg shrs mln vs mln reuter
motor corp six months ended april parent shr yen vs div yen vs net billion vs billion current billion vs billion sales billion vs billion oustanding shrs mln vs mln reuter
center properties inc rd qtr shr cts vs cts net mln vs mln revs mln vs mln nine mths shr cts vs cts net mln vs mln revs mln vs mln reuter
spain cargo firms hire dockers offset strike cargo handling companies said hiring twice usual number dockers offset strike spanish ports spanish dockers began nine day strike wednesday work alternate hours protest government plans partially port services reuter
rai research corp rd qtr feb net oper shr one ct vs cts oper net vs revs vs nine mths oper shr cts cts oper net vs revs vs note oper excludes gain discontinued operations year ago qtr loss discontinued operations year ago nine mths reuter
texaco sees business little hit bankruptcy move texaco inc tx said decision file protection chapter u bankruptcy code affect majority businesses said subsidiaries account pct billion dlrs revenues pct net property plant equipment free action parent holding company texaco inc operating subsidiaries texaco capital inc texaco capital n v affected said company said likely suspend cents per share quarterly common stock dividend halt repayments debts billion dlrs texaco said filed suppliers demanding cash payments banks withholding loans result legal dispute pennzoil co texaco fighting texas law requiring post bond billion dlrs appeal judgment ruled illegally pennzoil acquisition getty petroleum corp bond almost matches damages awarded texaco texaco fail place bond pennzoil could begin assets secure judgment last monday supreme court decision cut texaco bond one billion dlrs sent issue back texas courts analysts said bankruptcy filing effectively texaco obligations continued appeal merits pennzoil lawsuit attempts last week win compromise bond issue larger dispute failed james texaco president chief executive officer told reporters said pennzoil disclosure court papers friday wanted extend bond issue hearing end april pushed texaco towards chapter pennzoil asked texaco post billion dlr cash bond reduce dividend pct earnings pennzoil also wanted assurances texaco would sell assets said texaco offered put one billion dlrs letter credit agreed let value assets fall billion dlrs added joseph houston attorney pennzoil said company made latest settlement offer texaco saturday taken surprise texaco filed bankruptcy declined reveal amount proposal citing confidentiality agreement two companies texaco told us would get back us instead go bankruptcy court said attorneys pennzoil said believed company would court appeals adding texaco assets ample ultimately pay pennzoil judgment full reuter
yellow freight system rd qtr net shr cts vs cts qtly div cts vs cts prior net mln vs mln revs mln vs mln nine mths shr dlrs vs dlrs net mln vs mln revs billion vs billion note full name yellow freight system inc dividend payable november record november reuter
colombia coffee registrations remain open colombia coffee export registrations remain open plans close since new marketing policy means unlimited amount registered gilberto arango president private exporters association said new policy close registrations nobody far said may would closed told reuters march colombia opened registrations april may unlimited amount without giving arango said private exporters registered bags calendar year april roughly bags per month slightly lower average recent years estimated amount bags registered national coffee growers federation meaning total bags registered sold per month colombia change could happen volume would told date registrations would june shipment arango said reuter
permian raises crude oil postings cts bbl wti dlrs
ladd furniture completes acquisition ladd furniture inc said completed previously announced acquisition privately held colony house furniture inc undisclosed amount cash notes reuter
ec u war talks european community ec united states failed settle trade dispute pasta ec commission spokesman said diplomatic sources said dispute could provoke new trade friction unless settled soon washington insisting ec comply regards ruling world trade body gatt cut export subsidies allowed italy take increasing share u pasta market ec provides subsidies cents pound pasta exports spokeswoman said talks question much subsidy cut reuter
newman inc st qtr net ended sept shr cts vs cts net vs sales mln vs mln note share adjusted july two one stock split reuter
franklin minnesota sets monthly payout mthly div cts vs cts prior pay april reord april note franklin minnesota insured tax free income fund reuter
homestake mulls buying ore reserves homestake mining co considering acquiring gold ore reserves addition company exploration efforts chief executive harry conger told reuters interview looking options acquire reserves rather exploration conger said adding move consider acquisitions represents change company acquisitions policy conger said homestake current cash position mln dlrs would available acquire reserves addition homestake two lines credit totaling mln dlrs drawn today could used finance acquisition said conger said anticipates exploration budget spending mln dlrs conger said exploration precious metals may slightly higher last year spending mln dlrs oil gas exploration spending slightly less last year pct conger said sees homestake gold production gold production ounces however first quarter production reserve pct lower last year ounces due start production problems said believes gold prices hold u dlr ounce level rest company earnings based average market price gold dlrs ounce conger said three pct change gold prices represents cts share impact earnings declined give specific forecast first quarter due released days full year results reuter
clark copy international buys w german stake clark copy international corp said acquired majority interest gmbh west germany acquisition made clark copy majority owned subsidiary computer aids norway price disclosed acquisition clark copy said worldwide sales makes graphics mln dlrs year ended dec reuter
industrial equity tells sec send calmat proposal business combination
u k march producer prices rise pct price index sales manufactured goods u k rose provisional unadjusted pct march rise february department trade industry figures show index materials fuel purchased manufacturing industry fell provisional unadjusted pct pct fall february department said year year rise producer prices march provisional pct compared provisional pct increase year end february index output prices non seasonally adjusted put provisional march february index input prices also seasonally adjusted set march february pct fall input prices february march mainly due seasonal fall industrial electricity costs lower scheduled prices petroleum products department said department said falls partly offset rise prices home produced food manufacturing materials seasonally adjusted index input prices showed pct rise february march year year input price index pct march pct drop february reuter
university genetics co rd qtr loss shr loss two cts vs loss four cts net loss dlrs vs loss dlrs revs dlrs vs dlrs nine mths shr loss cts vs loss cts net loss dlrs vs loss dlrs revs mln dlrs vs dlrs note third quarter ended april reuter
industries inc rd qtr net periods ended feb shr cts vs cts net vs sales mln vs nine mln avg shrs vs nine mths shr cts vs cts net vs sales mln vs mln avg shrs vs reuter
inc st qtr sept loss shr loss cts vs profit cts shr net loss vs profit revs mln vs mln reuter
health care inc nd qtr net period ended february shr cts vs cts net vs revs vs six mths shr cts vs cts net vs revs mln vs reuter
management science loss may top cts management science america inc statements made earlier today said loss first quarter could exceed cts share non recurring expenses associated acquisition several companies including inc earlier today company told meeting investors first quarter loss would cts share reuter
henley heng ends talks sante fe henley group inc said ended talks sante fe southern pacific corp concerning possible acquisition sante fe southern pacific transportation co subsidiary company also said reviewing investment santa fe southern pacific light sante fe announcement several bids ranging mln dlrs one billion dlrs southern transportation subsidiary henley said held discussions sante fe concerning acquisition henley bankers leasing financial corp certain sante fe transportation real estate assets henley said began talks sante fe announced restructuring program august previously disclosed henley made necessary filings hart scott rodino antitrust improvement acts permit henley increase investment sante fe pct outstanding common stock pct henley said depending prevailing conditions including price availability sante fe stock substantial developments affecting sante fe investment business opportunities available henley henley may additional sante fe shares sell part investment sante fe reuter
fhlbb changes short term discount note rates federal home loan bank board adjusted rates short term discount notes follows maturity new rate old rate maturity days pct pct days days pct pct days days pct pct days days pct pct days days pct pct days reuter
reagan sees room interest rate declines president reagan said pleased actions banks reduce prime lending rates today said sees room decline interest rates believe room market decline interest rates reagan said statement left white house visit naval hospital reagan statement followed meeting top economic advisers reagan said remains concerned market actions taken federal reserve helped interest rates across spectrum reagan said specifically pleased bond market strong foreign exchange markets stable reagan said reuter
iranian tanker reports mine gulf iranian tanker reported floating mine central gulf tuesday miles west island regional shipping sources said iii owned national iranian tanker co gave position mine degrees minutes north east indication measures taken mine iranian territorial waters reuter
chancellor corp th qtr march loss shr loss cts vs loss three cts net loss dlrs vs loss dlrs revs dlrs vs dlrs mths shr profit one dlr vs profit dlrs net profit dlrs vs profit dlrs revs mln vs mln reuter
group raises computer memories cmin stake shareholder group led far hills n j investor natalie koether said raised stake computer memories inc shares pct total outstanding shares pct filing securities exchange commission group includes sun equities corp investment firm said bought net computer memories common shares since march prices ranging three dlrs share capital appreciation group earlier abandoned plans seek control company lowered stake less five pct reuter
bancorp rd qtr net shr cts vs cts net vs nine mths shr cts vs dlrs net vs note company would provide assets deposits loans figures reuter
asamera completes refinery sale asamera inc said wholly owned asamera oil u inc concluded mln u dlr sale denver refinery total petroleum north america ltd addition total purchasing crude oil refined product inventories market value asamera said reuter
spectra physics board rejects tender offer spectra physics inc said board rejected dlrs per share unsolicited tender offer company stock ciba geigy ltd z already holds pct stock spectra physics said also filed lawsuit delaware federal court morning seeking enjoin offer alleging among things offer federal securities laws certain agreements ciba geigy spectra physics ciba geigy fiduciary duties spectra physics said two ciba geigy board present yesterday special meeting voted reject offer financially inadequate unfair best interests spectra physics stockholders company said board also authorized special committee outside directors take whatever steps necessary protect interests spectra physics stockholders investigate alternatives maximize value stock including talks third parties spectra physics said letter board recommendation reasons therefore mailed stockholders said robert bruce reliance group holdings inc spectra physics board resigned position may letter resignation said action alleviate ciba geigy stated justification making unsolicited offer contemplated another significant investor representation board spectra physics investment made reuter
industries inc rd qtr net shr three cts vs two cts net vs sales mln vs mln nine mths shr six cts vs cts net vs sales mln vs mln order backlog mln vs mln note figures include gain mln dlr cts share life insurance proceeds reuter
acquires components corp supplier semiconductor products said acquired operating assets components inc mln dlrs cash said purchase includes fixed assets software inventories technology intellectual properties business operations company said continue operate beverly plant subsidiary reuter
american cyanamid co rd qtr net oper shr cts vs cts oper net mln vs mln sales billion vs mln nine mths oper shr dlrs vs dlrs oper net mln vs mln sales billion vs billion avg shrs mln vs mln note share data restated reflect pct stock dividend distributed june operating net periods excludes additional gain mln dlrs cts share associated sale brand products group business nine month operating net includes pre tax gain mln dlrs equal cts share sale businesses reuter
service resources src ends sorg bid service resources corp said withdrawn terminated dlr per share takeover offer sorg inc sorg failed respond bid said sorg largest single shareholder evaluate options including making offer sorg sorg shares reuter
southland slc targeted sec investigation southland corp said told securities exchange commission ordered private investigation southland stock trading statements made company year southland advised commission issued private order investigation concerning trading southland stock various times issuance various public statements southland southland said proxy statement shareholders southland elaborate sec order investigation company officials could reached comment late tuesday sec long standing policy confirming denying existence investigations proxy statement filed securities exchange commission required november shareholders meeting called approve previously announced acquisition southland company controlled southland chairman john thompson members family earlier year group led thompson acquired majority ownership southland dlrs share tender offer mln shares southland common stock merger approved common stock still outstanding converted right receive dlrs share cash plus fraction share preferred stock reuter
doe run raises lead price ct cts doe run company said increasing price grade lead one half cent cents lb effective immediately price quoted fob mo fob mo freight allowed quantities reuter
first republicbank n corp rd qtr loss shr diluted loss cts net loss nine mths shr diluted loss dlrs net loss note comparisons company formed june merger republicbank corp interfirst corp nine mths includes previously reported provision mln dlrs second quarter possible losses loans reuter
j p morgan co inc jpm rd qtr net shr profit dlrs vs profit dlrs net profit mln vs profit mln nine mths shr loss cts vs profit dlrs net loss mln vs profit mln assets billion vs billion loans billion vs billion deposits billion vs billion note nine mths include previously reported mln dlr addition loan loss reserve nd qtr debts reuter
u k central bank warns excessive rate cuts bank england governor robin leigh pemberton said lowering interest rates fast could recent economic u k remarks prepared delivery businessmen said prospective returns real investment favourable relative financial assets good number years would surely put favourable risk lowering interest rates excessively said might enjoy short term boost activity risk damaging return uncertainty high inflation added leigh pemberton said recognised would argue interest rates still high deter investment industry less year ago support sterling temporary difficulty persuading markets one pct increase base rates pct sufficient tightening policy time added base rate currently nine pct reuter
many major nations yesterday intervened heavily aid dlr miyazawa
venezuela probes alleged foreign exchange fraud banking authorities police investigating alleged fraud second largest trading house caracas free foreign exchange market finance minister manuel azpurua told reporters banks technical police begun probes la azpurua said friday night police said owners firm mario left venezuela la operated part parallel market traders buy sell dollars among venezuelan central bank june suspended licences foreign exchange operators parallel market speculation constant rise value u dollar juan cordero vice president caracas stock exchange owner foreign exchange trading house said friday begun legal action la issuing four checks without funds total amount almost one mln dlrs la exchange house operated venezuela years reuter
usx x unit raises prices certain grades usx corp uss division said raising prices hot rolled bar semi finished products series grades dlrs per ton effective july one company said increase reflects current market conditions company could say percentage increase reflects current prices could say much per ton products sell currently reuter
georgia gulf corp rd qtr net shr dlrs vs cts net mln vs sales mln vs mln nine mths shr dlrs vs dlrs net mln vs mln sales mln vs mln reuter
first securities merger deal first securities corp said reached preliminary merger agreement presidential inc company said shareholders would pct stake combined company would receive cash distribution cts per share reuter
ico executive board meet early november international coffee organization ico executive board hold meeting november first since export quotas introduced early month ico spokesman said session first time france review market situation operation quotas november six exporters making ico board management promotion fund review program year oct sept items left november six nation working group consider stock verification papua new guinea reuter
sun state savings rd qtr net shr cts vs cts net vs avg shrs vs nine mths shr cts vs dlrs net vs avg shrs vs loans mln vs mln deposits mln vs mln assets mln vs mln note full name sun state savings loan association reuter
coarse grain supply demand country usda u agriculture department detailed world supply demand data major importers exporters coarse grains country follows mln tonnes ussr coarse grain start stcks n n n n production imports domes use exports nil nil nil nil end stocks n n n n n available ec coarse grain mln tonnes start stcks production imports dom use exports end stocks eastern europe coarse grain mln tonnes start stcks production imports dom use exports end stocks japan coarse grain mln tonnes start stcks production imports dom use exports nil nil nil nil end stocks argentina coarse grain mln tonnes start stcks production imports nil nil nil domes use exports end stocks canada coarse grain mln tonnes start stcks production imports dom use exports end stocks thailand coarse grains mln tonnes start stcks production imports nil nil nil nil domes use exports end stocks reuter
j p morgan jpm net hurt brazil trading j p morgan co inc said first quarter earnings fell pct largely reflecting previously announced decision place non accrual status billion dlrs medium long term loans brazil decision spurred brazil suspension interest payments february reduced quarter net income mln dlrs mln dlrs compared mln first three months morgan also reported loss mln dlrs securities underwriting trading contrast gain mln dlrs year earlier period fourth quarter morgan posted trading losses mln dlrs trading underwriting euromarket securities conditions sectors euromarket remained difficult last quarter floating rate notes suffering heavy price falls spokeswoman unable say whether morgan trading losses restricted euromarket positive side morgan reduced provision loan losses mln dlrs mln year earlier foreign exchange trading income rose mln dlrs mln trust income increased mln dlrs mln morgan said operating income mainly fees commissions rose mln dlrs mln net investment securities gains dropped mln mln net interest earnings mln dlrs first quarter mln year earlier net yield fell pct pct brazil placed non accrual means interest recorded income payments actually received net interest earnings would mln dlrs net yield pct brazil resume payments net would cut mln dlrs morgan added provision loan losses morgan allowance credit losses end march totaled mln dlrs compared mln end mln year earlier reported net six mln dlrs charge offs eight mln compared net charge offs mln dlrs three mln year earlier excluding brazil non accruing loans quarter end mln dlrs mln end mln year earlier non interest expenses rose mln dlrs mln dlrs half increase related personnel costs morgan said reuter
u court apex decision nymex u court appeals second circuit lower court decision suit apex oil co new york mercantile exchange several oil companies court however ruled apex oil could pursue commodities market allegations belcher oil co unit coastal corp cgp apex oil primarily trading company charged several companies including belcher nymex force deliver heating oil sold mercantile exchange knowing apex could make full delivery nymex ordered apex deliver four mln barrels heating oil sold via february heating oil contract apex eventually fulfilled obligation claimed damages richard attorney apex taft said company yet decided whether pursue case belcher oil nymex meanwhile pending apex oil seeking unspecified amount attorney fees mln dlrs punitive damages according nymex spokeswoman reuter
gas raises quarterly qtly div cts vs cts prior pay may record may one reuter
santos says significant oil find santos ltd stos said made significant oil discovery one well block cooper basin south australia said well flowed oil sands average rate barrels per day metres mm choke santos said well suspended pending evaluation said discovery existing production facilities south field would allow one brought production rapidly santos pct stake block delhi petroleum pty ltd pct south australian oil gas corp pty ltd pct reuter
golden west financial corp st qtr net shr dlrs vs dlrs net vs loans billion vs billion deposits billion vs billion assets billion vs billion note current qtr figures include mln dlr charge resulting penalties prepayment borrowings reuter
bass group stake bell howell investor group led robert bass fort worth texas said owns shares bell howell co common stock equal pct company common stock outstanding filing securities exchange commission group said purchased bell howell common shares april june dlrs dlrs share stock acquired investment purposes group said adding may purchase sell additional shares future reuter
kraft kra completes acquisition kraft inc said completed acquisition foods inc undisclosed terms kraft said last month signed letter intent acquire texas based foodservice distributor reuter
national supply co rd qtr shr cts vs cts net vs revs mln vs mln avg shrs vs nine mths shr cts vs cts net vs revs mln vs mln avg shrs vs reuter
imperial oil raises crude oil postings canadian cts bbl light sweet
bush industries sees higher year results bush industries inc said expects higher earnings sales partly due manufacturing improved margins company reported first quarter earnings dlrs dlrs year sales mln dlrs mln dlrs last year earned dlrs sales mln dlrs reuter
star inc st qtr march net shr three cts vs two cts net vs rev vs avg shrs vs reuter
mild coffee growers meet guatemala large group milds coffee growing nations hold talks guatemala next month strategy next september meeting international coffee organisation ico mario fernandez executive director costa coffee institute said delegates mexico dominican republic peru ecuador india papua new guinea five central american nations participate two day strategy session beginning may main topic reform many producing countries ico unfair distribution export quotas fernandez said said costa rica would press quotas based real production export potential country past years distribute quotas based production levels rather recent harvests crop estimates reuter
c b makes acquisition c b co said acquired principal assets national tech industries inc corp engaged sale telemarketing consumer electronic merchandise business house imports n l industries respectively company said paid total dlrs including assumption liabilities national tech sales mln dlrs said reuter
society savings forms holding company society savings said completed merger newly formed holding company society savings bancorp inc share share basis reuter
u senate leader calls interest rate cuts senate finance committee chairman lloyd bentsen tex called major industrial countries make pledge coming economic summit venice cut interest rates think summit meeting venice ought trying get major industrial nations involved bring interest rates say one pct bentsen told nbc television meet press bentsen said coordinated rate cuts could take billions debt service latin countries help ease protectionist pressures industrial countries bentsen also south korea taiwan pressured currencies relation u dollar take taiwanese enormous capital surplus enormous trade surplus little cooperation said deputy treasury secretary richard darman told television network agreed u dollar fallen enough currencies countries think done negotiations countries involved called nics newly industrialized countries said darman said negotiations newly industrialized countries underway privately bentsen predicted congress white house would agree fiscal budget would raise billion dlrs new revenues texas senator said series excise taxes would considered congress including extension telephone tax new levies liquor cigarettes bentsen said supported oil import fee would happen without president reagan support darman called top level negotiation white house congress budget compromise would include asset sales excise taxes cuts middle class programs reasonable steady rate growth defense reform budget process reuter
la academy inc rd qtr net shr cts vs nine cts net vs revs mln vs mln nine mths shr cts vs cts net vs revs mln vs mln note share adjusted stock dividends reuter
media general family sell shares media general inc chairman said family would sell controlling share block would impossible investor group led giant group ltd gain control company investor group includes industries recently reported acquired pct stake media general class shares might seek control said company class stock pct board remaining pct elected class b shares two thirds controlled family trust intention selling shares reuter
corp th qtr march net shr cts vs eight cts net vs revs vs year shr cts vs cts net vs revs mln vs note share adjusted pct stock dividend april reuter
ups stake component tech inc dayton maker told securities exchange commission increased holdings component technology corp two pct pct said bought shares stock dlrs share investment purposes reuter
investment firms pct midway two affiliated investment firms told securities exchange commission acquired shares midway airlines inc pct total outstanding common stock firms boston based fmr corp fidelity international ltd bermuda based investment advisory firm said bought stake acquire equity interest company specified investment objectives firms said may increase decrease stake company plans seek control company representation board reuter
france balladur says target zone nearer french finance minister edouard balladur said financial community closer arriving system target zones currencies despite fact little said speaking reporters meetings international monetary fund balladur said far target zones even say told reporters ideas progressing adding finance ministers talking cooperation economic policies levels around currencies stabilize reuter
marcade group inc mar buys europe craft marcade group said agreed buy europe craft imports inc combination cash common stock company said europe craft designs imports distributes sportswear member brand name company said europe craft sales mln dlrs last year marcade said latest deal part ongoing acquisition phase reuter
monsanto mtc unit sees operating loss monsanto corp g searle co unit said report operating loss mainly due expenses research development searle chairman said searle operating loss less mln dlr operating loss said searle first quarter sales pct mln dlrs mln dlrs year ago quarter searle sales mln dlrs said company intends sales three billion dlrs mid said company anticipates approval japan u italy spain u k treatment drug also said paper yet published drug shown prevent longer period time made smithkline corp drugs searle pipeline include tissue made different process expected approved marketing year reuter
bank france cuts intervention rate pct pct official
shell canada raises crude oil posting canadian cts bbl
alliance financial corp rd qtr net shr cts vs cts net vs nine mths shr dlrs vs dlrs net vs reuter
banks extend trading halt lebanese pound lebanon bankers association said extended suspension trading lebanese pound two working days study ways stem currency collapse central bank post rate pound dollar currencies monday pound closed thursday dollar compared wednesday close association sources told reuters friday suspension trading two working days continued monday two days study proposals pound association comprises commercial banks east west halted trading friday market pound four record lows week pound hit inability lebanon divided government end years civil war lost pct international value year reuter
h f co st qtr net shr cts vs cts net vs revs mln vs mln avg shrs vs loans billion vs billion deposits billion vs billion assets billion vs billion note prior qtr per shr figure adjusted three one stock split may reuter
centerre bancorp st qtr net shr cts vs dlrs net vs loans billion vs billion deposits billion vs billion assets billion vs billion reuter
real estate investment trust rd shr eight cts vs cts qtly div cts vs cts prior net vs nine mths shr dlrs vs cts net vs note nine mths includes net gain sale assets dlrs cts share dlrs respectively dividend payable november shareholders record october reuter
consolidated papers inc st qtr net shr dlrs vs dlrs net vs sales mln vs mln reuter
union pacific raises crude oil postings cts bbl effective yesterday wti dlrs
u trade panel rules brazilian orange juice imports impose
thai zinc exports fall march thai zinc ingot exports fell tonnes march february march mineral resources department said spokesman industry co ltd country sole exporter attributed decline company lower stocks averaged tonnes first quarter tonnes late began exporting department said major buyers included china japan philippines south korea singapore taiwan thailand exported tonnes zinc ingots first quarter year ago reuter
haas co rd qtr net shr cts vs cts net mln vs mln sales mln vs mln nine mths shr dlrs vs dlrs net mln vs mln sales billion vs billion reuter
louisiana pacific corp rd qtr net shr dlrs vs cts net mln vs mln sales mln vs mln nine mths shr dlrs vs dlrs net mln vs mln sales billion vs billion reuter
kuwait says full gulf arab support kuwait whose shipping come repeated attack iran full support saudi arabia gulf allies senior government official said cabinet spokesman abdul aziz al quoted kuwaiti news agency yesterday said foreign minister sheikh sabah al ahmed al sabah told cabinet found complete support delicate phase visits gulf cooperation council gcc states gcc economic military alliance generally supported iraq iran comprises bahrain kuwait oman qatar saudi arabia united arab emirates reuter
american management systems st qtr net shr cts vs cts net vs revs mln vs mln avg shrs vs note shr reflects stock split june reuter
corp nd qtr may net shr cts vs cts net vs revs mln vs mln avg shrs mln vs mln six mths shr cts vs cts net vs revs mln vs mln avg shrs mln vs mln reuter
interco completes lane lane acquisition interco inc said shareholders lane co approved merger two companies special meetings previously announced lane shareholders receive shares interco common stock share lane stock held interco said merger becomes effective april reuter
wells fargo co st qtr shr dlrs vs dlrs
w brands completes acquisition w brands inc said completed acquisition inc united brands co cash stock transaction worth valued mln dlrs reuter
security pacific expects brazil loan action cut net mln dlrs
merchants national corp rd qtr net shr cts vs cts net mln vs nine mths shr cts vs dlrs net vs mln note nine mths net reflects mln dlr addition latin american loan loss provision reuter
george wimpey says benefits restructuring seen george wimpey plc l said outlook looked encouraging company continuing benefits restructuring said overall financial position showed improvement u k business clearly defined activity related divisions successfully achieved wimpey commenting statement results showed pretax profits pct mln stg group good overall year north america company said statement reuter
technology sees loss default technology inc said expects third quarter ended march loss dlrs default bank loan resignation chairman chief executive officer company said loss followed four quarters modest profits year ago quarter earned dlrs one cent share first half fiscal reported profit dlrs two cts share compared year earlier loss dlrs cts share said president michael r hall assume duties chief executive officer technology said resignation chairman james c lane constitute non compliance series convertible subordinated debentures due default agreement merchants bank kansas city explained declaration non compliance debentures would create default loan agreements requiring immediate payment mln dlrs debentures dlrs outstanding bank credit line company said debenture holders intend waive non compliance reserve right withdraw waiver end day period technology said changing field sales force independent representatives dealers employees significantly reduce fixed overhead statement indicate many employees would affected move company said lane become independent company certain states continue serve director added reuter
japan firms launch sales octane gasoline japanese oil companies starting market octane gasoline meet growing domestic demand higher quality motor fuel oil sources said ten companies plan offer unleaded gasoline summer starting co ltd june showa shell introduced formula shell octane gasoline japanese market january year formula shell achieved strong sales japan despite higher price regular octane gasoline prompted oil firms offer rival product sources said received good response consumers formula shell terms ride effective fuel consumption showa shell said shell product sells yen per litre yen higher regular gasoline already achieved pct share japan high octane gasoline market said high octane gasoline accounts pct shell total gasoline sales japan added said hopes raise high octane sales pct total gasoline sales seven pct immediately launch nippon oil co ltd said launch octane gasoline july aiming increase high octane sales pct six pct total gasoline sales rush compete high octane gasoline market share spurred expectations government lift gasoline production quotas restrictions gasoline station construction next two three years major oil companies trying boost gasoline sales network ahead proposed lifting gasoline production quotas official major oil company said advisory panel ministry international trade industry miti recommended week government press ahead deregulation oil industry including lifting gasoline production quotas help oil companies increase international competitiveness japan three biggest gasoline nippon oil showa shell suffered supply shortages production quota fiscal ended last march domestic gasoline demand year pct previous year according miti report reuter
ccc accepts bonus cattle canary islands commodity credit corporation ccc accepted bid export bonus cover sale head dairy cattle canary islands u agriculture department said cattle delivery may october said bonus dlrs per head made inc paid form commodities ccc inventory additional headed dairy cattle still available canary islands export enhancement program initiative announced july said reuter
becor western bcw talks fourth bidder becor western inc said talking possible fourth bidder company company also said lynch corp renewed offer becor withdrawn last week talks possible bidder expected concluded shortly becor said adding board evaluate existing offers time meantime company said plans today adjourn meeting stockholders june meeting called act merger agreement calling buyout bcw acquisitions inc third identified becor suitor davis mining manufacturing inc n j lynch said latest proposal calls lynch pct becor stock becor holders retain pct lynch would held pct becor holders receiving pct becor management half lynch said proposal changed believes becor management needs guidance terms financial reuter
showa exports aluminium casting equipment showa ltd said exporting aluminium billet casting equipment technology countries recently begun aluminium smelting company official said mln yen order deliver sets casting equipment venezuela venalum end said received order one set aluminium bahrain b c last year expects orders bahrain smelter showa withdrew smelting last year expects increase sales equipment technology said reuter
chrysler c tender electrospace chrysler corp said electrospace systems inc agreed acquired merger agreement chrysler tender dlrs share pct richardson texas based defense electronics contractor said total cost chrysler buy outstanding stock would mln dlrs electrospace systems designs develops communications electronic systems equipment needs military commercial customers worldwide chrysler said electrospace help operations grow military commercial aircraft sales said plans merge electrospace rather operate sister companies said chrysler said tender offer expected begin june managed first boston corp fiscal year ended april electrospace systems earnings mln dlrs sales mln dlrs company employs people pct sales military reuter
korea current c surplus seen near dlrs south korea national news agency said year current account surplus near billion dlrs amid signs continuing high world demand country cheap cars electronic goods bank korea officials would neither confirm deny forecast saying bank would issue figures later week said january september surplus current account covers trade goods services totalled billion dlrs already exceeds seven billion dlr ceiling whole government set june talks international monetary fund aimed rapid revaluation dollar agency said september surplus billion dlrs mln august mln year earlier exports october could relatively modest due many public end year surplus well nine billion dollars close ten said sharp rise september surplus came resumption export deliveries delayed strikes previous month companies including car manufacturers electronic electric firms hit labour unrest july september south korean government originally targeted five billion dlr current account surplus year raise seven billion reflect first half export boom confirmed soaring current account surplus seemed certain trigger tougher pressure united states recorded billion dlr trade deficit seoul last year government economists said u government trying stem protectionist pressure home called south korea open markets american goods faster fixed dollar monday representing pct gain far year reuter
allegis aeg meets united employees group spokesman group united airlines employees oppose attempted takeover united airline pilots association said met new chairman allegis frank olson william palmer group spokesman claims thousands united employees said meeting olson positive friendly future meeting dates set april pilots union offered buy united allegis subsidiary employee stock ownership plan reuter
bundesbank sets new repurchase tender bundesbank set new tender day securities repurchase agreement offering banks liquidity aid minimum bid rate pct central bank spokesman said banks must make bids gmt today funds allocated credited accounts tomorrow banks must repurchase securities pledged july reuter
bulgaria romania grain crop seen less favorable current prospects year grain crop bulgaria romania appear less favorable u agriculture department officer said field report report said assessment based travel two countries march april said crop conditions better earlier expected following extreme dry conditions last fall prolonged winter temperatures spring however general plant development least three weeks behind normal spring conditions greatly regions report said fields period last fall especially receiving supplemental water pct fields observed appeared good condition little evidence winterkill others considerably report said fields adequate moisture last fall showed weak stands winterkill fields averaged pct said reuter
french week bill average rate rises pct pct official
colombia coffee quotas uncertain u u government trade official responsible coffee policy said prospects accord coffee quotas still uncertain despite recent colombian efforts bridge differences producers consumers rosenbaum assistant u trade representative back trade talks colombia said producing countries accept sort criteria must agreed reintroduce coffee quotas one country still rosenbaum said obvious reference brazil negative recently reintroduction quotas rosenbaum said stance brazil outlook agreement reintroduce coffee quotas september international coffee organization meeting hard predict said visit held technical discussions colombian officials meet jorge cardenas head colombian coffee producers federation europe cardenas left positive letter rosenbaum said cardenas letter responded u letter last month praised colombia trying find compromise formula reintroduction quotas outlined several concerns technical details colombian plan rosenbaum could reached later day comment new formula calculating ico quotas agreed european coffee roasters traders dutch coffee trade association chairman van horick said amsterdam new formula based six year moving averages would give brazil unchanged export quota remaining years current coffee agreement u said agree coffee quotas unless objective criteria reflect recent changes coffee market used set export limits reuter
p h glatfelter co says buy corp mln dlrs cash
systems inc st qtr sept net shr cts vs cts net vs sales vs reuter
continental bank initial distribution approved continental bank canada said shareholders approved capital reorganization allow initial payout end may common shareholders last year mln canadian dlr sale continental assets lloyds bank plc lloyds bank canada bank said initial distribution would take form stock dividend cumulative redeemable retractable class series two preferred shares entitling holders monthly floating rate dividends pct prime dlrs share continental said initial payout subject canadian government approval bank reiterated total distributions common shareholders would range dlrs share dlrs including initial stock dividend final distribution late early payout existing preferred shareholders completed next month initial distribution common shareholders continental added reuter
home federal upper east tennessee st qtr shr cts vs given net vs note company went public fourth quarter home federal savings loan association upper east tennessee reuter
pittsburgh west virginia rd qtr net shr cts vs cts net vs revs mln vs mln nine months shr cts vs cts net vs revs vs note full name pittsburgh west virginia railroad reuter
nova planning dome dmp bid nova alberta corp chief executive robert blair expressed hope dome petroleum ltd dmp remains canadian ownership added company plans bid debt troubled dome plan bid blair told reporters speech business group although stressed nova pct owned husky oil ltd hyo interested dome extensive western canadian energy holdings interested sometimes different making bid blair said transcanada pipelines ltd trp yesterday bid billion dlrs dome dome said discontinuing talks transcanada considering proposal another company also talking another possible buyer rumored offshore asked reporters dome remain canadian hands blair replied yes think still need building much canadian position industry think would best dome ends hands canadian management said know possible bidders blair said move put dome financial house order remove one general problems attitude western canadian industry added however energy industry still faced couple tough tough additional years asked nova prospects blair predicted nova net profit would rise year mln dlrs last year net profit mln dlrs due improved product prices continued cost cutting reuter
u energy secretary sees higher oil prices energy secretary donald hodel said expects oil prices rise significantly year probably around dlrs barrel current dollars anticipate significant increase thirty three dlrs barrel unreasonable hodel told senate energy committee hodel said loss domestic oil production shutdown stripper barrels day less wells low prices probably permanent said also concerned decline domestic oil exploration hodel urged congress approve oil exploration section arctic national wildlife refuge alaska said area favorable discovery oil fields equal nearby prudhoe bay reuter
group raises stake group including members family nova scotia empire company ltd said raised stake co shares pct total outstanding shares pct filing securities exchange commission group said bought common shares april june reuter
new container cranes arrive tanzania port two large container cranes donated danish international development agency arrived dar es salaam help increase port cargo handling capacity port officials said two new container cranes join one danish container crane already installed port important trade outlet tanzania zambia eastern zaire five cranes finland due arrive soon increasing container terminal handling capacity units per year present officials said reuter
u k money market deficit revised downward bank england said revised estimate today shortfall mln stg mln taking account mln stg morning assistance reuter
g wants show markets resolve miyazawa japanese finance minister kiichi miyazawa said group seven g countries reaffirmed paris accord stabilising currencies convince market resolve news conference today g meeting miyazawa said ministers central bank governors believe totally new statement needed speculative selling reflect economic fundamentals since fundamentals changed reaffirmation goals paris accord needed said also noted test g nations resolve concentrated yen currencies especially mark remained stable miyazawa said change economic conditions since paris accord worth called fundamental said time louvre agreement current level rather vague idea said yen movement past several weeks within range agreed paris said better give vague pointing level could adverse impact market miyazawa said asked japan committed fresh measures statement said japan exceptional among seven yen dollar major currencies largely stable also said japan ruling liberal democratic party package economy nations supposed produce new measures short period since paris agreement miyazawa also said u sanctions japanese semiconductor products discussed g meeting affect currency talks seven nations discussed debt problems developing countries ways proceed line debt initiative outlined u treasury secretary james baker months ago reuter
united financial banking st qtr net shr four cts vs cts net vs note full name united financial banking cos inc net includes loan loss provision nil vs dlrs reuter
caterpillar cat reaffirms first quarter outlook caterpillar inc remarks delivered annual meeting san francisco reiterated expectation loss first quarter said results would hurt mln dlr one time charge caterpillar mitsubishi pct owned affiliate company said expected profit operations full year improve remarks prepared delivery shareholders president peter said caterpillar targeted five pct cost reduction difficult achieve weaker dollar limited opportunities obtain lower material costs reuter
chilean trade surplus narrows slightly february chile trade surplus narrowed mln dlrs february mln dlrs month last year mln dlr surplus recorded january central bank said exports february totalled mln dlrs pct january figure imports fell pct previous month mln dlrs figures month last year mln mln dlrs respectively accumulated trade surplus first two months stands mln dlrs mln dlrs previous year reuter
robert bruce industries st qtr loss qtr ends march shr loss dlrs vs loss cts net loss dlrs vs loss dlrs revs mln vs mln avg shrs vs note full name company robert bruce industries inc reuter
dart said sold mln dayton hudson shares expects sell rest holding
weis markets inc st qtr march net shr cts vs cts net mln vs mln revs mln vs mln reuter
quantum corp nd qtr sept net shr cts vs cts net vs sales mln vs mln six mths shr six cts vs cts net vs sales mln vs mln reuter
rain boosts central queensland sugar cane crop good rains one four inches past days boosted moisture stressed sugar cane crops mackay region queensland central coast australian sugar producers association spokesman said previously reported region severe dry spell partly scattered rainfall since december following virtual failure summer wet season mills area reporting crops beginning look healthy putting growth since rains began spokesman said brisbane although mackay crop outlook much better cane losses spokesman said early say rain needed restore sub soil moisture elsewhere far north queensland region southern queensland cane excellent condition mills forecasting record crops said initial crop estimates probably towards end may said cane normally runs june december reuter
chrysler agrees acquire electrospace systems mln dlrs
jones vining starts bid shares jones vining inc said started tender offer shares five dlrs per share company said hold special meeting july vote approval merger tender price said price paid tender merger could reduced fees expenses court may award counsel class action suit brought delaware chancery court inc counsel seeking fees cts per share jones vining said company said court scheduled hearing proposed settlement suit july eight company said start tender offer calling special meeting conditions settlement completion tender merger conditioned final approval settlement reuter
baxter labs rd qtr shr net shr cts vs cts net mln vs mln sales billion vs billion avg shrs mln vs mln nine mths shr cts vs cts net mln vs mln sales billion vs billion avg shrs mln vs mln note results include caremark inc august caremark acquisition reduced nine months net five cts offset three ct gain sale securities third quarter net excludes gains discontinued operations mln dlrs four cts gain sale discontinued operations mln dlrs dlrs charge early repayment debt mln dlrs cts nine months net excludes gains discontinued operations mln dlrs cts gain sale discontinued operations mln dlrs dlrs charge early repayment debt mln dlrs cts reuter
bankeast corp st qtr net shr cts vs cts net vs assets billion vs mln deposits mln loans mln vs mln note results restated reflect acquisition united banks corp reuter
northview plans sell company northview corp said reached agreement principal covering acquisition company privately held financial corp agreement calls northview make self tender offer outstanding stock price dlrs per share cash headquartered los angeles develops manages real estate northview also said reuter
u k chancellor lawson says may need cut interest rates countries
inc st qtr net oper shr dlrs vs cts oper shr diluted dlrs vs cts oper net mln vs mln avg shrs mln vs mln avg shrs mln vs mln note net excludes gain dlrs cumulative effect change calculating depreciation expense reuter
greater new york savings bank rd qtr shr cts vs n net vs nine mths shr n vs n net mln vs mln assets billion vs billion note year ago per shr amts available bank converted stock ownership june rd qtr nine mths mln mln dlrs tax credits rd nine mths mln mln dlrs tax credits reuter
first union func completes acquisitions first union corp said completed acquisition two florida based banks north port bank based north port city bank based sarasota reuter
kdi corp kdi st qtr march shr cts vs six cts net mln vs revs mln vs mln reuter
ec sugar tender seen change policy maximum export rebate granted yesterday ec sugar tender marked change policy producer complaints obtaining ec intervention price exporting sugar outside community ec commission sources said maximum rebate ecus per kilos tonnes sugar ecus previous week change explained world market conditions producers claim rebate short level needed obtain price equivalent intervention price one ecu per kilos ecu short previous week sources said said despite fact commission accept tonnes sugar intervention operators protesting rebates low operators early may withdraw sugar given sign planned unless commission reviews export policy said reuter
corp st qtr net shr cts vs cts net vs assets billion vs billion deposits billion vs billion note results restated reflect pct stock dividend reuter
inc st qtr loss sept end shr loss cts vs loss three cts net loss vs loss revs mln vs mln avg shrs vs note first quarter results include gain repurchase debentures discounted market value reuter
aegon expects moderate rise profits dutch insurer aegon nv reported pct increase net profits mln guilders said expected moderate increase profits total revenue eight pct lower billion guilders vs billion guilders company said revenues due lower foreign exchange rates change accounting practice added revenues would risen seven pct changes occurred revenue dutch operations rose five pct mainly due life insurance business health insurance revenues netherlands also rose despite notable shift insurances lower premiums higher personal risks damage insurances made losses mainly due car damage insurances aegon specify loss united states revenue guilders health life insurance lower aegon said due change accounting u aegon said subject strong personal investment influences accounted traditional insurances change accounting practice another change account profits made fixed interest investments resulted rise net profits mln guilders aegon said negative influences net profits slightly higher lower dollar rate high initial costs new products cost new headquarters hague large number new insurance products emerged netherlands u aegon said large initial costs products depressed net profits somewhat corp u insurer merged aegon may saw profits almost completely eroded costs made small contribution group profits aegon said written mln guilders goodwill corp aegon net equity billion guilders december billion year reuter
municipal financial corp six mths net period ended april shr cts vs cts shr diluted cts vs cts net vs revs mln vs mln reuter
corp st qtr sept loss shr loss cts vs loss four cts net loss vs loss revs vs available note company made initial offering march development stage company sales posted reuter
irving bank corp v st qtr net shr dlr vs dlr net mln vs mln assets billion vs billion deposits billion vs billion loans billion vs billion reuter
f w woolworth co z hikes dividend qtly div cts vs cts prior pay june record may reuter
forstmann little co said plans sell sybron corp unit
taft broadcasting tfb completes station sale tvx broadcast group inc said completed previously announced purchase five taft television stations last week tvx said sale scheduled close delayed taft said purchase price mln dlrs previously announced price subject final adjustments taft said taft indicate size gain would post sale said stations philadelphia washington miami dallas houston reuter
corp rd qtr march shr cts vs eight cts net mln vs revs mln vs mln nine months shr dlrs vs cts net mln vs mln revs mln vs mln note shares adjusted stock split payable may holders record may rd qtr nine months includes tax loss carryforward gain dlrs mln dlrs respectively rd qtr nine months includes tax loss carryforward gains dlrs mln dlrs respectively reuter
j p morgan co inc jpm st qtr net shr dlrs vs dlrs net mln vs mln assets billion vs billion loans billion vs billion deposits billion vs billion return assets pct vs pct return common equity pct vs pct note qtr net reduced mln dlrs billion dlrs loans brazil placed non accrual loan loss provision mln dlrs vs mln year earlier reuter
atcor atco seeks buyers consumer business atcor inc said american inc signed letter intent may acquire operations consumer products segment decided buying american said still interested acquiring atcor said reviewing options potential buyers expressed interest consumer products businesses reuter
national city corp st qtr shr primary cts vs cts
northwest th qtr net shr cts vs cts net vs sales vs year shr cts vs cts net vs sales mln vs reuter
hanna co consolidated hanna co said reached definitive agreement purchase consolidated privately owned manufacturer plastics industry hanna said purchase subject certain conditions scheduled close around end october hanna announced last august purchase company headquartered n j reported mln dlrs revenues last fiscal year ended may reuter
reports pct profit boost share split seen credit commercial de france pa reported parent company net profit pct mln francs mln francs weeks around end month official sources said bank france sixth largest terms deposits seventh terms assets planned share split increase number shares offer ahead sale pct ordinary share capital public pct staff pct abroad previously one france biggest private banks nationalised sources said early give details planned split share price cited april likely date flotation launch far pct group capital currently mln shares francs nominal offered sale large private investors constitute solid core eight ten shareholders flotation private tender offer closes april mln franc advertising campaign flotation begins sunday privatisation way attracting extra clients deputy director general rene de la told reuters market sources put total value privatisation four five billion francs de la said bank likely attract least number investors sogenal another recently privatised bank people bought shares government sweeping privatisation programme also included sale saint gobain pa cie financiere de paribas pari pa sale banque du et des banque et completed month third largest french bank societe generale pa privatised later year reuter
universal health realty st qtr net shr cts vs nil net vs nil rev mln vs nil note company full name universal health realty income trust quarter company first full quarter earnings reuter
india annual inflation rate drops marginally finance ministry said india wholesale price linked inflation rate dropped marginally pct fiscal ended march pct pct average wholesale price related inflation stood pct march year pct year ago ministry said statement said wholesale prices cement textiles jute fell compared previous year milk cereals mainly wheat rice vegetables edible oils tobacco reuter
dotronix completes acquisition dotronix inc said completed acquisition video monitors inc mln dlrs video monitors privately owned wisconsin based manufacturer video display video monitor devices reuter
unilever seeks buyer stauffer chemical unilever plc nv un issued prospectus investment bankers goldman sachs co seeking buyer stauffer chemical co u acquired recent takeover chesebrough inc unilever spokesman said noted unilever indicating plans dispose stauffer plus smaller assets chesebrough since bid made december stauffer sale prospectus sent recent weeks number companies expressing interest unilever spokesman declined say much group expected receive stauffer chesebrough footwear businesses also likely disposed added immediately available financial information stauffer wholly owned limited added nine month sales september billion dlrs unilever chesebrough billion dlrs order benefit well known brands food products reuter
bancorp rd qtr net shr cts vs cts net vs nine mths shr cts vs dlrs net vs note company would provide assets deposits loans figures reuter
u house passes mideast gulf bill house today approved bill requiring reagan administration report congress mideast gulf policy restricting actions vote favor despite last minute alliance liberal democrats conservative republicans sought signal growing number legislators oppose president reagan policies region senate leading republican senator former senate appropriations committee chairman mark oregon said would try prevent consideration bill said put called hold bill finds whether war powers act applies protecting kuwaiti tankers congressional leaders plans put u flag kuwaiti ships charged policy could lead u iran iraq war conservative republicans said increasing u military obligation gulf would place impossible burdens american equipment warned could lead war real pit best blow high worst said wisconsin rep reuter
american republic bancorp rd qtr net shr profit cts vs profit nine cts net profit vs profit avg shrs vs nine mths shr profit cts vs loss cts net profit vs loss avg shrs vs reuter
uk sugar factory closes due shortage beet british sugar plc forced shut ipswich sugar factory sunday afternoon due shortage beet supplies spokesman said responding reuter inquiry beet supplies dried ipswich due combination wet weather prevented farmers factory area harvesting last week blocked roads ipswich factory remain closed roads cleared supplies beet build first time many years factory closed mid campaign spokesman added factories continuing process beet normally harvesting remains difficult areas ipswich one sugar factories operated british sugar processes excess tonnes beet year annual beet crop around eight mln tonnes despite closure ipswich severe harvesting problems factory areas british sugar maintaining estimate sugar production campaign around mln tonnes white value mln last year spokesman said british sugar processes sugar beet grown u k sugar beet processing campaign began last month expected run end january sugar factories normally work hours day seven days week campaign october pct u k sugar crop harvested little different stage last year pct lifted since however wet weather severely restricted beet lifting harvesting figures week october yet available reuter
aquino says manila watching interest rates closely president corazon aquino said philippines closely monitoring interest rates wake monday record drop wall street steep declines manila asian stock markets monitor developments closely continue hope large declines economic activity around world aquino told meeting major philippine business groups philippines trading country world economy depends continued health growth world economy world trading system said manila stock exchange composite index plunged points pct midday close depressed record point fall dow jones industrial average monday philippines addition large borrower nation affected developments interest rate levels around world carefully monitor impact developments interest rates gold commodity prices aquino said welcome statements world leaders urge calm present difficult situation added reuter
crazy eddie crzy sets defensive rights crazy eddie inc said board adopted defensive shareholder rights plan said received friendly inquiries acquisition said plan record april receive right purchase certain circumstances price dlrs preferred share common share held rights expire april nine company said rights would exercisable business days party acquire pct crazy eddie common stock announce tender exchange offer would result ownership pct crazy eddie said party owning pct stock merge party acquire pct crazy eddie stock right holders acquiring party would entitled acquire common shares securities assets market value equal twice rights exercise price party acquired pct stock crazy eddie acquired pct earnings power assets sold would entitled buy shares common stock worth twice rights exercise price company said crazy eddie said party acquire pct common stock fail acquire crazy eddie within days thereafter would entitled exchange crazy eddie common stock subordinated notes crazy eddie maturing either one year certain dollar five years issuance crazy eddie said adoption plan response known effort acquire control company said become aware possible stock received friendly inquiries reuter
stoltenberg surprised dollar reaction west german finance minister gerhard stoltenberg said surprised overnight decline dollar foreign exchange markets speaking briefly reporters entering meeting international monetary fund said minor movements really affect us dollar declined initial reaction statement group seven industrial countries reaffirming paris agreement february maintain currencies around current levels reuter
cms energy corp cms rd qtr net shr cts vs cts net vs revs mln vs mln avg shrs vs nine mths shr dlrs vs cts net vs revs billion vs billion avg shrs vs note data restated adoption new accounting standard relating pensions nine month earnings include mln dlr tax writeoff th qtr portion assets company midland nuclear project reuter
international corona nd qtr net period ended march oper shr profit four cts vs loss cts oper net profit vs loss revs vs given six mths oper shr profit eight cts vs loss cts oper net profit vs loss revs mln vs given reuter
savings bank st qtr net shr cts vs cts net vs avg shrs vs reuter
brockway inc rd qtr net shr cts vs cts net mln vs sales mln vs mln nine mths shr dlrs vs dlrs net mln vs mln sales mln vs mln note share adjusted december three two split reuter
us study dropped comsat contel merger congressional study today said proposed apparently abandoned merger communications satellite corp contel corp ctc would technically legal could violate law setting comsat two weeks ago study completed contel announced would seek terminate proposed merger study non congressional research service said proposed merger appears comply technically letter may nevertheless violate spirit law comsat created act congress contel corporation local telephone communications firms filed federal communications commission last november application merger several firms proposed merger analysis law research service issued several critical comments structure new firm said apparent contel restructured comsat would broken spirit law setting comsat comsat u arm international satellite communications firm reuter
health rehabilitation sets first payout health rehabilitation properties trust said board declared initial dividend cts including cts first quarter ended five cts initial operating period began december dividend payable may record april reuter
malaysia seeks billion yen pipeline loan malaysia asked japan billion yen year loan finance construction gas pipelines eastern southern overseas economic cooperation fund said chief representative told reporters japanese government loan another official told reuters japan likely approve loan technically economically viable approved loan would carry coupon rate four pct grace period seven years said would disbursed three years added pipeline second phase peninsular gas project petronas malaysia national oil company first phase supply gas around eastern oil town reuter
inc st qtr net shr cts vs cts qtly div cts vs cts prior net vs sales mln vs mln note pay may record may one reuter
franklin electric co inc rd qtr net shr cts vs cts net vs sales mln vs mln nine mths shr dlrs vs dlrs net vs sales mln vs mln note tax credits added cts third quarter net cts nine months net compared credits cts cts respective periods reuter
first union corp first qtr shr cts vs cts
spot tin easier european free market spot tin european free market indicated easier range stg per tonne high grade metal warehouse rotterdam stg yesterday afternoon close stability sterling versus dollar continued apply pressure market coming close testing support base stg traders said dealers said major consumers still need cover may june requirements holding even lower offers reported high grade tin business london confined end april metal stg small scale spot business reported west german operators marks per kilo although market still undercut chinese material traded one stage marks per kilo traders said reuter
bankers trust bt puts brazil non accrual bankers trust new york corp said placed approximately mln dlrs medium long term loans brazil non accrual status first quarter net income reduced seven mln dlrs result brazil suspended interest payments billion dlrs medium long term debt february u banking regulations require banks stop accruing interest loans payments days overdue bankers trust said acted high potential continued suspension would result reaching day limit second quarter assuming cash payments current interest rates received rest bankers trust estimated full year net income would reduced mln dlrs bankers trust said assumes debt negotiations brazil commercial bank lenders lead resumption interest payments negotiations resume new york friday central bank governor francisco gros expected ask banks day billion dlrs term debt april reuter
weather hurts italian oranges usda report unfavorable weather conditions second week march caused damage oranges region southern italy u agriculture department officer rome said field report report dated april said region accounts hectares italian orange crop pct total production however orange production region marketing year forecast tonnes pct total italian orange crop said report said trade contacts agree pct orange output damaged frost reuter
canadian resources merge canadian oil gas ltd said agreed merge resources ltd terms disclosed ownership combined company pct current shareholders canadian pct current shareholders companies said reuter
corp st qtr may net shr cts vs cts shr diluted cts vs cts net vs sales mln vs mln note share results reflect two one stock split paid july eight reuter
national banc commerce co rd qtr shr cts vs cts net vs avg shrs vs nine mths shr dlrs vs dlrs net vs avg shrs vs reuter
ccc interest higher june usda says interest rates commodity loans disbursed commodity credit corporation ccc month carry pct interest rate u agriculture department said may rate pct reflects interest rate charged ccc u treasury june usda noted reuter
industrial equity make proposal calmat industrial equity pacific ltd hong kong based investment firm leading group holding pct calmat co common stock said intends submit calmat proposal possible business combination filing securities exchange commission industrial equity pacific disclose details proposal said would delivered calmat near future industrial equity pacific intend remain investor calmat firm told sec sec filing industrial equity pacific said president north american operations ronald met calmat officials october discuss acquisition company premium market price calmat stock industrial equity pacific added considering launching tender offer calmat stock making merger proposal company said decided whether pursue calmat acquisition non negotiated basis industrial equity pacific currently holds mln calmat common shares said also evaluating company recently adopted shareholder rights plan potential effect calmat possible acquisition proposals made company october industrial equity pacific bought shares calmat common stock dlrs dlrs share total mln dlrs reuter
commonwealth mortgage co inc th qtr qtr ended april shr cts vs cts net vs year shr dlrs vs cts net vs assets mln vs mln reuter
dayton hudson corp dh votes quarterly payout qtly div cts vs cts prior qtr pay june record may reuter
higher profit dutch chemical firm fully state owned dutch chemical firm nv said net profit rose mln guilders mln turnover fell billion guilders billion company said dividend paid dutch state capacity firm sole shareholder would raised mln guilders mln guilders initial comment results said drop turnover caused mainly losses company fertilizer division reuter
reichhold rci raises resin prices reichhold chemicals inc said reichhold ltd subsidiary raised prices seven u cent per pound powdered resins effective july due sharp increases cost phenol reuter
balladur insists maintenance louvre accords french finance minister edouard balladur issued firm call continued application louvre accords currency stability major industrial countries balladur responding weekend remarks u treasury secretary james baker u would take another look accords said firmly desire firm adherence major industrial countries louvre accords letter spirit sunday baker said last week rise short term west german interest rates keeping accords louvre accords agreed paris last february called stability among major currencies prolonged dollar slide accords reaffirmed group seven finance ministers washington last month baker said weekend west german rate rise keeping spirit agreed really saying expect us simply sit back accept increased tightening part assumption going follow added reuter
fed heller says monetary growth slower robert heller member federal reserve board said expects modest levels growth money supply year view would logical also development said speech prepared delivery economic forum orange calif text released washington said effect lower inflation financial deregulation monetary aggregates largely finished consequently monetary growth may return modest levels heller said noted growth money supply slowed mid january would surprised monetary aggregates grow rather slowly balance year well added heller said danger renewed price inflation pricing american producers response price increases foreign competitors crucial economic future said widespread domestic price rises response rising import prices would inflationary forces foreign trade sector might gain market share u producers return late may well result pattern heller warned said federal reserve conduct monetary policy heller said said government also exercise fiscal discipline cut deficit spending restraint rather new taxes imposition new taxes would tend inflation certainly would make us competitive international markets heller said said u economy expand nearly three pct aided higher exports europe canada free trade agreement currently negotiated canada would allowing american producers compete effectively country heller said reuter
german net currency reserves rise mln marks billion week
gordon make bid acquire pagecorp gordon investment corp said plans make offer acquire pagecorp inc class class b shares dlrs cash per share bid conditional upon examination gordon business affairs pagecorp days ending december proposed offer would condition upon number shares tendered gordon said say minimum meanwhile pagecorp said agreed grant gordon option purchaser class shares dlrs per share exercisable gordon makes acquisition bid december third party begins takeover december pagecorp also said class b shareholders agreed deposit class b shares gordon proceeds offer reuter
gordex minerals gold deposits gordex mineral ltd said located one mln tons gold bearing deposits ounces per ton cape spencer company said plans invest mln canadian dlrs expand site treatment facilities process tons gold bearing deposits year tons prior completion recent exploration program gordex estimated cape spencer deposit tons gordex said expansion cape spencer facilities enable operate hours day throughout year reuter
union planters corp st qtr net shr cts vs dlrs qtly div cts vs cts prior net vs avg shrs vs note dividend pay may record may one reuter
fidelcor completes sale unit fidelcor inc said completed sale industrial valley title insurance co subsidiary group investors including unit management undisclosed terms industrial valley assets mln dlrs acquired last year along financial corp reuter
peerless manufacturing sells unit peerless manufacturing co said sold industrial sensors instruments division panhandle equipment co subsidiaries total dlrs cash said transaction result loss dlrs cts per share take fourth quarter ending june peerless said due sale probably loss year said sold units buyers name due increasing losses caused depressed petroleum equipment market peerless earned dlrs cts per share fiscal said units sold lost cts per share first nine months fiscal cts fiscal reuter
inc declares dividend qtly div nine cts vs nine cts prior pay july record june reuter
universal foods corp votes dividend qtly div cts vs cts prior qtr pay may record april reuter
american corp st qtr net period ended may shr cts vs cts net vs revs mln vs mln reuter
wtc international inc th qtr feb net shr profit cts vs loss cts net profit vs loss rev mln vs mln year shr profit cts vs loss cts net profit vs loss rev mln vs mln reuter
rubbermaid inc st qtr shr cts vs cts
fed release u april consumer credit june federal reserve board said would release april consumer instalment credit figures friday fixed time set release consumer credit fell seasonally adjusted mln dlrs march rising billion dlrs february reuter
bank japan sell billion yen bills bank japan sell billion yen deficit financing bills today day repurchase agreements maturing june help absorb projected money market surplus money traders said operation raise outstanding supply bills record billion yen yield bills sale banks securities houses money houses pct compared two month commercial bill discount rate today pct two month certificate deposit rate pct traders estimated surplus today billion yen said mainly due billion yen government tax allocations local governments public entities excessive banking system cash holdings due continuous large central bank dollar purchases reuter
fed heller sees return slower money supply growth
set merger holdings ltd said signed letter intent merger sports inc transaction calls mln common stock issued shareholders reuter
people savings bank net vs assets mln vs mln note quarter ended march company completed conversion mutual stock form october raising mln dlrs net proceeds sale mln shares common stock reuter
first commercial acquire citizens bank first commercial bancorp said acquire three branch citizens bank stock swap value agreement based citizens adjusted book value year end trading price first commercial stock citizens book value mln dlrs end third quarter according bank counsel agreement citizens shareholders could also trade stock five year debenture issued first commercial terms debenture established reuter
jp industries confirms proposal jp industries inc confirmed announcement clevite industries inc jp industries submitted proposal clevite acquisition company dlrs per share cash john chairman president jp industries said company hopes promptly negotiate agreement special committee clevite board february jp industries said purchased clevite engine parts division jp industries said aware reason activity stock reuter
reed denies bid approach reed international plc reed l denied rumours u k stock market target takeover bid said received approach view increase share price today want make clear received bid approaches reed chairman said statement rumours u publisher harcourt brace jovanovich inc hbj might bid reed paper printing company pushed reed shares p p one stage today eased back p close background widespread decline u k equity prices share market analysts said speculators buying stock belief harcourt would bid reed effort unwelcome two billion dlr bid robert maxwell british printing communication corp l move would made harcourt big bpcc take analysts added also said speculation bpcc bid harcourt unsuccessful could turn attention reed reuter
irving bank v st qtr net hurt brazil irving bank corp said six pct drop first quarter net income year earlier largely result placing medium long term loans borrowers brazil ecuador non accrual status income first three months fell mln dlrs mln period earnings per share dropped dlrs irving put mln dlrs brazilian mln dlrs ecuadorean loans non accrual reducing first quarter net income total mln dlrs tax irving estimates full year net would reduced mln dlrs tax cash interest payments received loans remainder also adversely affecting earnings losses trading securities higher non interest expenses although partly offset increased trust income profits foreign exchange trading investment securities gains bank said allowance loan losses mln dlrs mln year earlier provision loan losses mln versus mln first quarter reuter
belgium launches bonds gold warrants kingdom belgium launching mln swiss francs seven year notes warrants attached buy gold lead credit suisse said notes pct coupon priced par payment due april final maturity april franc note carries warrants two warrants required allow holder buy gold price francs entire life bond latest gold price zurich francs per reuter
dutch parliament backs stand oils tax dutch parliamentary parties support government opposition proposed european community tax oils fats said broad cross section members parliament voiced opposition tax debate lower house yesterday basis possible retaliation u potentially damaging effect third world countries state secretary foreign affairs rene van der said government tax although noted ec financial difficulties difficult tax extra finance ec members make choice van der said however denied government dropped opposition proposed tax altered position reuter
usda florida orange report considered bearish u agriculture department latest estimates florida orange production orange juice yield bearish frozen concentrated orange juice futures market yield increase greater expected fcoj traders analysts said usda projected average yield gallons fcoj per box versus last month estimate gallons government estimated florida orange production excluding temples mln boxes versus mln last month temples unchanged mln boxes traders analysts said unexpectedly large yield increase anticipated drop box count reuter
banking corp florida rd shr cts vs cts net vs nine mths shr dlrs vs dlrs net vs reuter
esso raises singapore petrol pump prices esso singapore pte ltd said raised pump prices petrol today new prices gm lead grades cents litre octane cents octane singapore oil companies announced yesterday would revise pump prices effective today shell eastern petroleum pte ltd mobil oil singapore pte ltd caltex asia ltd singapore petroleum co pte ltd bp singapore pte ltd pricing octane cents shell mobil caltex pricing octane cents spc bp cents reuter
prime computer inc rd qtr sept shr cts vs cts net mln vs mln revs mln vs mln nine mths shr cts vs cts net mln vs mln revs mln vs mln reuter
oak oak buy electronics firm oak industries inc said agreed buy stock electronic technologies inc new york undisclosed amount cash electronic technologies manufactures crystal components oak said said acquisition part ongoing restructure core businesses cost reduction programs purchase compatible companies reuter
moscow says retaliate gulf attacks iranian attack soviet ships gulf bring violent response soviet foreign ministry official said interview published alexander head gulf soviet foreign ministry told al rai al newspaper moscow answer back force iran attempts attack soviet ship tanker gulf soviet tanker hit mine gulf last month also accused united states stepping regional crisis failing genuine efforts end iran iraq war reuter
burmah oil pre tax profit mln stg vs mln
stewart stevenson th qtr net shr profit cts vs profit cts net profit vs profit revs mln vs mln year shr nil vs loss dlrs net profit vs loss mln revs mln vs mln note full name stewart stevenson services inc reuter
lp rd qtr net shr cts vs cts net vs revs vs sales mln vs mln nine mths shr dlrs vs cts net vs revs mln vs mln sales mln vs mln avg shrs vs reuter
triton oil says paris basin reserves pct triton energy corp said proven reserves oil field france paris basin estimated total mln barrels march one pct mln barrels may triton said pct owned triton europe plc subsidiary pct interest field located miles east paris pct held total exploration field operator reuter
lifetime corp year march net shr cts net mln dlrs revs mln dlrs note company said year ago figures comparable due reverse merger last year reuter
ccr video received offer negotiate takeover intercep investment corp
gabelli firms hold digiorgio dig stake group firms led gabelli group inc told government regulators holds pct stake digiorgio corp common stock said two partnerships making part group may seek control company filing securities exchange group firms said holds shares digiorgio common stock total shares held gamco investors inc gabelli funds inc investment purposes group said gabelli partners lp g r partners hold remaining digiorgio common shares told sec purpose ultimately obtain control digiorgio contingent upon approval digiorgio according sec filing previously reported gabelli co inc acting investment advisor group including gabelli proposed june acquire digiorgio common shares per share price dlrs cash subordinated note face value eight dlrs pct redeemable preferred stock one common share post buyout company june buyout proposal remains open july also provides key members digiorgio management directors would invited remain firm participate group acquiring company proposal also subject due diligence review execution merger agreement arrangement financing receipt government approvals gabelli co said could completed within days april june entire group led gabelli group inc made net purchases digiorgio common shares dlrs dlrs share reuter
ford f developing aluminum car frame ford motor co said developing aluminum space frame probe v concept car using stretch formed aluminum could lead new techniques building production cars future said frame would reduce vehicle weight cost maintaining structural frame fewer parts conventional steel ford said company said weight would allow smaller reducing weight improving fuel economy ford said addition extrusion cost dlrs compared hundreds thousands dollars steel using aluminum number car could reduced reuter
extends offer oldham plc l said offer oldham estates ltd would remain open notice february made agreed bid oldham based formula reflecting asset value september year earlier oldham net asset value put mln stg april valuation used formula still agreed oldham yet give firm recommendation shareholders regarding value offer reuter
ends plans sell unit health plans inc said ended negotiations sell alabama l p complete health inc companies said last week reached agreement principle complete health purchase health maintenance organization largest alabama said terms would best interests care providers built alabama hmo said intends work health care providers alabama develop hmo reuter
gulf western inc gw nd qtr april net shr cts vs cts net mln vs mln revs mln vs mln six mths shr dlrs vs dlrs net mln vs mln revs billion vs billion reuter
commonwealth mortgage th qtr net qtr ends april shr cts vs cts net dlrs vs dlrs avg shrs vs mths shr dlrs vs cts net dlrs vs dlrs avg shrs vs note full name company commonwealth mortgage co inc reuter
reagan announce decision japan sanctions president reagan today announce decision tough new tariffs japanese exports retaliate calls japan failure end unfair practices semiconductor trade pct tariffs imposed mln dlrs japanese goods recommended curbs special panel experts headed u trade representative office reagan announced last march would impose tariffs certain goods taken list ranged television sets power tools photographic film panel week list products sent recommendations yesterday santa barbara reagan march reagan said committed full enforcement trade agreements designed provide american industry free fair trade opportunities added tariffs would lifted japan pact signed last year end dumping semiconductors world markets opened home market u products u officials said japan done nothing since march announcement alter reagan plan sanctions white house spokesman marlin fitzwater said yesterday want trade war feel kind action requires meaningful action reagan move follows steadily rising u trade last year hitting record billion one third deficit trade japan congress weighing trade bill force president retaliate certain cases unfair trade practices opposed legislation saying would prevent negotiated solutions trade disputes case existing law end unfair trade practices trade experts say tough action japanese much japanese show congress need new trade legislation japanese complained semiconductor pact would take time results showed u officials however said monitoring japanese semiconductor shipments east asian countries western europe showed dumping japanese home markets remained shut american exports japan said reagan imposed tariffs would file complaint general agreement tariff trade gatt said hoped gatt would find u retaliation violated regulations global trading group would approve compensation japanese retaliation u officials said think japan would retaliate much lose trade war united states reuter
forecasts results line netherlands largest insurer nationale nv said expected least unchanged results reporting net profits pct mln guilders mln revenues increased pct billion guilders billion previous year dividend raised guilders per share guilders corrected capital increase company said guilder revenue profit pressured falls exchange rates particularly us australian dollar sterling without currency fluctuations net profit would mln guilders higher revenue billion higher said international share turnover pct compared pct company life insurance result fell mln guilders mln due currency influences tighter interest margins increased investment claim payouts fell mln guilders mln previous year company total assets reached billion guilders billion year assets per share guilders without currency fluctuations net profit would mln guilders higher revenue billion higher said international share turnover pct compared pct company life insurance result fell mln guilders
wells fargo co wfc rd qtr net shr profit dlrs vs profit dlrs net mln vs mln nine mths shr loss dlrs vs profit dlrs net loss mln vs profit mln assets billion vs billion loans billion vs billion deposits billion vs billion reuter
u march retail sales cut late easter u retailers march sales due late easter according analysts expect recovery april sales look soft easter shift underlying business better numbers indicate said bear stearns analyst analysts generally average sales results march april account easter year easter observed april three weeks later last year analyst edward johnson johnson associates said sales march rose unadjusted pct seasonally adjusted pct six pct compared adjusted pct last year obvious question whether numbers indicate consumer activity slowing appear liquidity employment rising said analyst edelman analyst drexel lambert burnham overall analysts said first half sales coming according expectations sales expected rise pct six pct bit rise march sales furniture big ticket items stronger apparel sales many analysts apparel sales strong april holiday sales gains home appliances home fashions reflect continuing strength housing market said edward brennan chairman sears roebuck co reported overall sales gain pct brennan said sales women sportswear also excellent sears total apparel sales modestly even modest improvement apparel good due fact people buy apparel april said c j lawrence analysts harry j c penney co inc jcp dayton hudson corp dh among weaker comparable stores sales declining pct pct respectively penney store catalog sales declined pct overall dayton hudson overall sales rose pct penney chairman william howell said sales continued strong catalog operations ranged active east weak economically depressed southwest penney shifting away leisure time activity wear apparel lines yield higher profit margins currently hurting sales said bear stearns hudson chairman kenneth cited late easter decline edelman drexel said hudson tougher comparison exceptionally good analysts agreed slightly lower last year retailers planning much inventories kept lower last year sales coming said analyst harry said expects profits first quarter better originally expected beginning year retailers report first quarter middle may march retail sales major u retailers store pct sears bil bil k mart bil bil penney bil bil wal mart bil mln federated mln mln may mln mln dayton mln mln woolworth mln mln zayre mln mln reuter
digital acquire fox unit digital communications associates inc said entered agreement acquire substantially assets fox technology inc fox research inc subsidiary company said assume mln dlrs fox liabilities provision mln dlrs based future financial performance fox one year period following closing deal said acquisition subject approval fox shareholders expected close mid august reuter
rubbermaid sees continued improvement rubbermaid inc said incoming order rates continue strong expects continue recording favorable year year comparisons remaining quarter today company reported first quarter earnings mln dlrs sales mln dlrs earnings mln dlrs sales mln dlrs reuter
taiwan curbs inflows foreign exchange taiwan central bank announced today overseas foreign exchange borrowings local foreign banks would frozen level reached end may central bank statement added measure would effective end july bankers said measure designed curb inflow foreign exchange slow growth money supply added move sparked record single day plunge local stock market would limit ability lend foreign exchange importers exporters foreign exchange borrowings local foreign banks reached almost billion u dlrs end april according official statistics last week central bank said today would reduce purchase forward u dollars banks pct pct value contract said move needed distortions foreign exchange market exporters nervous taiwan dollar heavily selling forward u dollars interbank market avoid exchange rate losses official figures show forward u dollar sales may reached record almost six billion u dlrs billion april taiwan foreign exchange earnings must converted local dollars boosting money supply time booming exports money supply rose seasonally adjusted pct year end april raising fears higher inflation march central bank tight restrictions remittances foreign exchange companies individuals taiwan move curb inflows speculative money economists bankers estimate rising value local dollar attracted ten billion u dlrs speculative money taiwan since early last year flowed mainly hong kong japan u since september taiwan dollar risen pct u dollar bankers said government efforts stabilise foreign exchange market lifting curbs capital outflows central bank said controls dropped end july early august foreign exchange dealers said today announcement caused market foreign local banks making heavy purchases u dollars said central bank sold mln u dlrs taiwan stock market plunged record points close reuter
us senate cuts tactics gulf bill new involving u forces gulf u senate voted end republican tactics limit debate measure could give congress larger role gulf policy measure however require president reagan comply war powers act related senate bill controversial war powers act could require u forces gulf senate voted stop limit debate hours measure requires reagan report congress gulf policy within days calls resolution passed house senate situation volatile waterway days later resolution could gulf related issue including support reagan policy protecting kuwaiti tankers iran waterway pentagon said th u protected began moving gulf early tuesday reuter
dollar follows wall street japanese divest dollar goes way wall street japanese finally move dollar investments serious way japan investment managers say japanese dominant foreign investors u dollar securities already sold u equities dollar falls happen yesterday japanese investors definitely try withdraw significant funds u shares said deputy manager nomura investment trust management co ltd international investment department unstable lower dollar would also affect japanese investment u bonds japan u interest rate differentials currently look wide enough mean nothing absence dollar stability said u bonds could benefit due gloomy economic picture following estimated huge losses stocks major u institutional individual investors said effect rule u interest rate rise japanese investors u bonds still see dollar really stable said dollar holding firm yen tuesday morning although japanese investors sold huge amounts stocks new york yesterday still looking chances u stock inventories manager mutual life insurance co international investment department said sales helped send wall street stocks points market biggest percentage drop since investment u stocks bonds difficult considering dangers said deputy general manager chief adviser securities co ltd fixed income securities marketing group japanese investment home could start pick markets stopped reacting wall street managers said tokyo yen bond market likely stabilise one two weeks investors waiting bottom yen bonds around pct yield pct th bond said basic background supported stocks bonds markets changed said assistant general manager securities bond department new outflows funds u decreasing however already evident three months ago said reuter
comment report holding company spa said comment italian press report today acquired pct stake banco spa italian daily la said paid billion lire shareholding several italian banks spokeswoman told reuters nothing say report spokeswoman milan based said information time february chairman said foreign domestic firms expressed interest buying stakes bank reuter
stop shop cos split hikes dividend
computer memories cmin delay merger computer memories inc said board decided take additional time evaluate impact litigation proposed acquisition hemdale film corp computer memories said plans adjourn annual shareholders meeting scheduled october convened one purpose meeting consider transaction company explained computer memories said hemdale agrees course action reuter
telecommunications network year net shr cts vs cts net dlrs vs dlrs revs mln dlrs vs mln dlrs note year ended march reuter
investment firms raise express stake two affiliated investment firms funds control told securities exchange commission raised express hotels inc stake shares pct total pct firms boston based fmr corp bermuda based fidelity international ltd said bought combined express common shares march april prices ranging dlrs reuter
american capital management rd qtr net shr cts vs cts net vs revs mln vs mln nine mths shr dlrs vs dlrs net mln vs mln revs mln vs mln note company full name american capital management research inc reuter
statoil awards veslefrikk oil field contracts norwegian state oil company den norske stats oljeselskap statoil signed contracts worth total billion norwegian crowns connection development veslefrikk oil field statoil said rosenberg awarded contract convert drilling platform west vision floating production platform work completed summer awarded contract engineering purchasing construction steel platform also completed statoil said reuter
unocal ucl raises crude oil posted prices unocal corp said raised posted prices u grades crude oil cts barrel effective october move brings price company pay u benchmark grade west texas intermediate west texas sour dlrs barrel price last changed september unocal said reuter
industries inc st qtr loss oper shr loss cts vs loss cts oper net loss vs loss sales mln vs mln avg shrs vs note operating loss excludes profit dlrs cts share discontinued operations reuter
toshiba corp tsba year ended march group shr yen vs net billion vs billion pretax billion vs billion operating billion vs billion sales billion vs billion reuter
murphy oil acquire canadian subsidiary murphy oil corp said board proposed reorganization would acquire pct common shares canadian subsidiary owned parent proposal would undertaken court approved plan arrangement shareholders murphy oil co ltd calgary alberta canada would offered option receive dlrs canadian share cash equivalent market value common shares parent company reuter
kuwait rejects iranian boat charges kuwait target iranian anger backing iraq gulf war today rejected charges fishing vessels seized recently iran boats bases contents iranian nature operations vessels recently taken iran vessels fishing foreign ministry said statement said iranian charge ministry yesterday foreign undersecretary al iranian news agency irna said sunday iran seized seven kuwaiti speed boats crew iraq cover fishing said boats waterway kuwait iraq peninsula head gulf iran last year kuwaiti response came iranian gulf arab states saying responsibility security stability waterway regional matter u senate team scheduled today meet kuwait crown prince prime minister sheikh al al sabah defence oil ministers today foreign ministry statement carried kuwait news agency said recent kuwaiti fishing vessels iran first tehran past held back number vessels kuwait sought release diplomatic contacts said however kuwait time iranian charges accompanied vessels undertaking activities said asked tehran free fishing boats held iran statement said reuter
murphy oil raises crude postings murphy oil said increased crude oil posted prices cts barrel effective june company said new posting west texas intermediate west texas sour dlrs barrel light louisiana sweet crude dollars barrel company said increases follow general trend industry started yesterday sun co reuter
products inc st qtr net shr cts vs cts net vs sales mln vs mln reuter
offer dome may short circuit debt talks billion dlr offer dome petroleum ltd dmp mo transcanada pipelines ltd trp may short circuit dome restructuring plan open door takeover bids oil analysts said dome trying get approval plan refinance debt billion dlrs july interim debt plan allowed canadian oil gas firm defer substantial payments creditors expire analysts said transcanada bid signals dome alternative exists dome debt plan dome announced plan major creditors well public march several months delicate negotiations transcanada proposal amounts debt restructuring oil analyst doug brown baldwin ltd said toronto calgary based dome restructuring plan would allow creditors convert debt common shares formula yet negotiated payments remaining debt would linked cash flow generated assets pledged debt weakness whole debt refinancing proposal even approval creditors assurance dome fact able repay debt obligations said wilf gobert oil analyst peters co ltd calgary transcanada announcement came surprise since dome waiting creditors proposed refinancing packages gobert said transcanada proposal could open bidding dome since potential buyers probably waiting lenders agree restructuring added would think would want entertain offers dome gobert said dome spokesman david annesley said new york transcanada announcement could seen attempt fix bidding price dome effort preclude possible buyers making offer drawing attention us discussions means others may little reluctant come forward said dome consider transcanada proposal formal offer pipeline utility announcement breached confidential agreement two companies said dome responded statement suspending discussions transcanada order pursue talks unidentified parties however dome said management financial advisers would evaluate proposals including transcanada said transcanada offer probably fair price company mln acres oil gas land holdings however said enough financial details known dome debt restructuring compare value transcanada proposed offer reuter
washington post co rd qtr net shr dlrs vs dlrs net mln vs mln revs mln vs mln nine mths shr dlrs vs dlrs net mln vs mln revs mln vs mln note net periods includes gains mln dlrs dlrs share sale interest detroit cellular telephone company mln dlrs cts share sale interest cable network reuter
acme electric corp st qtr oct two shr cts vs four cts qtly div eight cts vs eight cts net vs revs mln vs mln note st qtr adjusted five pct stock dividend march qtly dividend payable december seven shareholders record november nine reuter
carter hawley sets record date vote carter hawley hale stores inc said set june record date shareholders voting company proposed restructuring annual meeting company yet set date meeting said held end august proposal carter hawley would split specialty store company department store company shareholders would get dlrs cash share two new companies existing common share hold restructuring announced december carter hawley rejected buy offer retail partners reuter
sosnoff raises bid caesars world caw investor martin sosnoff said raised offer caesars world inc shares dlrs dlrs reduced number shares seeking mln already owned newspaper advertisement sosnoff said bid mts acquisition corp withdrawal rights proration period expire june unless extended offer scheduled expire may late march sosnoff said received negligible number shares response offer rejected caesars inadequate sosnoff already owns four mln caesars mln common shares outstanding pct interest primary basis last week caesars board approved recapitalization plan alternative sosnoff offer shareholders would receive special dividend dlrs per share subject approval shareholders special meeting held june company planned borrow mln dlrs sell mln dlrs debt finance payout sosnoff said newspaper advertisement amended offer conditioned receipt enough shares give majority interest fully diluted basis arrangement financing well approvals new jersey nevada gaming authorities said tender would first step acquiring caesars shares successful would followed merger transaction sosnoff said later statement mln shares seeking together shares owns would give pct interest fully diluted basis said still received negligible number shares response tender letter caesars chairman henry gluck included statement sosnoff said gluck refused april meet even though said willing increase price offer sosnoff said financing offer almost fully place sosnoff said painewebber group inc pwj delivered commitments purchase mln dlrs increasing dividend cumulative exchangeable preferred stock mts holding corp indirect parent corporation mts acquisition said marine midland banks inc mm leads syndicate provided commitments mln dlr margin facility believes able arrange commitments margin facility advance additional mln dlrs may needed permit purchase shares offer sosnoff said merger would follow tender caesars shares covered offer pct fully diluted basis would converted series preferred stock valued dlrs per independent investment baking firm said extent fewer purchased offer stockholders would receive combination cash series preferred stock value dlrs per share caesars sosnoff said believes terms offer superior caesars recapitalization sosnoff said meeting week gaming officials nevada effort process required regulatory approval process already underway new jersey said offer extended based likely regulatory process said intends extend offer approval process completed expiration date reuter
volkswagen dividend decision due tomorrow volkswagen ag vowg f vw due make formal announcement dividend tomorrow saying level marks per ordinary share would held despite massive losses suspected foreign currency fraud spokesman said vw supervisory board meet tomorrow discuss payout statement made afterwards vw also said disclosed profits reach level despite provisions possible mln marks linked currency affair figure virtually mln mark parent company net profit vw first confirmed currency scandal march said management board would propose unchanged mark dividend supervisory board dividend marks would proposed company new preference shares share analysts said saw supervisory board approval management board proposal virtually anything else would surprise one said company sources said vw would dig reserves maintain disclosed profit parent company reserves stood around three billion marks end reuter
life sciences lsi stake sold canada development corp said agreed sell pct interest life sciences inc caisse de et placement du quebec provincial pension fund manager french laboratory company mln dlrs said caisse buy mln common shares company dlrs share said following transaction caisse hold pct life sciences canada development said purchasers plan acquire remaining publicly held shares reuter
british minister says warned tokyo sanctions british minister said given japanese government clear warning sanctions japanese companies tokyo allow access internal markets clearly understood corporate affairs minister michael howard said return visit japan thought japanese beginning appreciate need fair open access markets airport news conference howard denied opposition charges trip failure returned empty handed set sent deliver clear message japanese government delivered clearly clearly understood howard said financial services act considerable flexibility taking sanctions japanese companies finance houses operating britain simply question withdrawing refusing operating licences ban firms certain countries carrying certain kinds business allowing carry kinds hope use powers made clear japan timetable met shall use said would unfortunate britain japan became involved exchange adding japan gained anyone else open trading relationship think beginning appreciate relationship continue important fair open access markets question british firm cable wireless plc cawl l trying win significant share telecommunications contracts japan howard said told japanese widely regarded test case said signs movement case cable wireless due take part talks japan next tuesday said earlier week british prime minister margaret thatcher said britain could go alone sanctions japan would coordinate action european community partners community sources said meeting trade officials yesterday group might impose steep new tariffs range japanese goods prevent diversion united states markets washington imposes trade sanctions tokyo threatened reuter
fluorocarbon buys division fluorocarbon co said signed definitive agreement acquire corp industrial division undisclosed price division based ohio sales mln dlrs fluorocarbon also said reuter
inc th qtr march net shr seven cts vs eight cts net vs revs mln vs year shr three cts vs one ct net vs revs mln vs mln reuter
hughes supply inc st qtr april net shr cts vs cts shr diluted cts vs cts net vs sales mln vs mln note average shares pct primary basis reuter
horizon industries inc nd qtr net qtr ended april four shr profit eight cts vs loss cts net profit vs loss revs mln vs mln six mths shr profit cts vs loss cts net profit vs loss revs ln vs mln reuter
boeing ba merger waiting period expires boeing co said hart scott rodino waiting period required connection pending tender offer argosystems inc expired midnight june boeing began dlr per share cash tender offer defense electronics firm june two reuter
mead corp st qtr oper shr dlrs vs cts
pemex official says opec output critical price crude oil prices could remain around dlrs barrel end year opec decision output next meeting would critical factor official mexico state oil company petroleos mexicanos pemex told group japanese businessmen pemex executive vice president international trade said current opec output already appeared near mln barrel per day level set third quarter production ahead originally planned demand growing slowly envisaged months ago said said opec look carefully level production third quarter would effectively sustain dlrs price increase originally envisaged might price levels member cartel scheduled meet june vienna review december accord prices output hope opec follow conservative attitude terms volume decisions said happened last year opec boosted output sent oil prices dlrs always possibility said hope never go expect oil exporters learned discipline maintained said said still excess supply long remains tendency instability oil markets prices remain around dlrs output remains control said saudi king fahd remarks last month increased production important long incomes would affected output relevant welcome powerful producer reuter
royal dutch rd unit raise heavy fuel prices petroleum corp subsidiary royal dutch shell group said raise contract prices heavy fuel cts one dlr barrel effective tomorrow increase brings price pct sulphur fuel dlrs cts pct sulphur dlrs cts pct sulphur dlrs cts one pct sulphur dlrs cts two pct sulphur dlrs one dlr pct sulphur dlrs one dlr pct sulphur dlrs one dlr company said price pct sulphur unchanged dlrs said reuter
judge decide burlington bur several days u district court judge eugene gordon said decide next days whether grant burlington industries inc request stop takeover samjens acquisition corp know come preliminary injunction gordon said arguments attorneys days long time since much information consider presented issue opinion sides cannot winners said burlington requested injunction stop takeover effort samjens claiming partnership used illegally obtained confidential information company make offer also alleges would anti trust violations samjens formed asher edelman dominion textiles inc canada succeed samjens last week topped dlr per share offer burlington morgan stanley group ms one dlr per share morgan stanley made billion dlr bid samjens bid dlrs per share burlington burlington lawyers told court injunction granted samjens would win control burlington samjens lawyer argued judge granted injunction would offer attorney samjens said partnership would suffer harm injunction granted one burlington said cannot get amount money compensate us also said samjens could sell holdings burlington mln dlrs want money said irving burlington lawyer reiterated information provided james ammeen former burlington executive crucial dominion decision attempt takeover burlington dominion relied information provided insider jim ammeen said attorney ammeen named asked court dismiss lawsuit client judge said would rule request today reuter
home savings bank brooklyn hmsb rd qtr shr cts vs given net vs mln nine mths shr dlrs vs given net mln vs mln note company went public november net periods includes dlr pretax gain sale branches net includes securities loan sales loss dlrs pretax vs gain dlrs quarter gains dlrs vs dlrs nine mths loan provisions dlrs vs dlrs quarter dlrs vs dlrs nine mths reuter
general instrument corp st qtr may shr cts vs eight cts net mln vs mln revs mln vs mln backlog mln vs mln reuter
erie inc erie rd qtr net shr dlrs vs dlrs net vs total income vs nine mths shr dlrs vs dlrs net vs total income vs reuter
health rehabilitation sets first health rehabilitation properties trust said declared initial dividend cts per share quarter ending march dividend payable may shareholders record april said dividend includes five cts attributable period dec cts attributable first quarter ending march reuter
dominion resources inc st qtr net shr dlrs vs dlrs net mln vs mln revs mln vs mln avg shrs mln vs mln mths shr dlrs vs dlrs net mln vs mln revs billion vs billion avg shrs mln vs mln reuter
chrysler c renault delay motors amo pact chrysler corp des renault said agreed extend two weeks period reaching definitive agreement chrysler proposed billion dlr takeover american motors corp letter intent signed chrysler renault march nine set april nine target date completing negotiations however letter also allowed room extension date april agreement could reached two companies said plan complete work april chrysler renault said given complex nature deal need additional time expected march letter intent two companies says chrysler could ask renault extend agreement date event prior april chrysler problem course due diligence investigation company referring american motors chrysler spokeswoman would say whether problem talks stuck company statement time needed talks complex definition delay said previous agreement chrysler renault letter intent would terminated april nine agreement reached letter could written agreement companies chrysler spokeswoman said still working toward definitive agreement said another chrysler official part talks would told deal trouble analysts also significance delay want done said donaldson lufkin jenrette analyst richard henderson reuter
arco raises crude oil prices cts barrel today wti
town country jewelry first qtr net shr cts vs cts net dlrs vs dlrs revs mln dlrs vs mln dlrs note first quarter ended may company full name town country jewelry manufacturing corp reuter
p c foods inc food rd qtr oct net shr cts vs cts net vs revs mln vs mln avg shrs vs nine mths shr cts vs cts net vs revs mln vs mln avg shrs vs reuter
statoil places north sea veslefrikk field orders den norske stats oljeselskap statoil stat ol operator norway north sea veslefrikk oil field placed field development contracts totalling billion crowns two domestic yards company said statement rosenberg subsidiary industrier ol billion crown contract convert statoil rig west vision floating production platform build separate fixed well head platform placed field said statoil said unit ol mln crown contract design build well head platform tonne steel stand metres water next converted rig statoil said using floating production unit rather fixed platform would cut construction time enabling field partners bring veslefrikk stream late several months earlier previously planned veslefrikk estimated recoverable reserves mln barrels oil billion cubic feet gas located km west statoil estimates field total development cost including drilling billion crowns planned daily output barrels oil mln cubic feet gas veslefrikk oil via nearby field pipeline crude terminal near gas fed line gas norway fields partners field statoil operator pct share unocal norge pct norge pct norsk hydro ol nine pct petroleum ab pct reuter
corp st qtr net shr cts vs cts net vs sales mln vs mln avg shrs vs reuter
acquires gas n stores inc said acquired seven gas n inc convenience stores undisclosed amount cash acquisition bring number convenience stores owned company said reuter
painewebber group inc rd qtr net shr cts vs cts net mln vs mln revs mln vs mln avg shrs vs nine mths shr dlrs vs dlrs net mln vs mln revs billion vs billion avg shrs vs reuter
dime savings bank n dime rd qtr net shr dlrs net mln vs mln nine mths shr dlrs net mln vs mln assets billion vs billion deposits billion vs billion loans billion vs billion note full name dime savings bank new york per share figures available bank converted stock form august qtr nine mths includes gain mln dlrs mln dlrs respectively utilization net operating loss carryforwards qtr nine mths includes gain mln dlrs mln dlrs respectively utilization net operating loss carryforwards qtr nine mths also includes charge dlrs early extinguishment debt net tax benefit reuter
mark iv industries inc iv th qtr feb net shr cts vs cts net vs revs mln vs mln year shr dlrs vs cts net mln vs revs mln vs mln avg shrs vs note current periods include gain dlrs qtr mln dlrs year changes pension accounting year ago shr figures restated splits paid june january reuter
treasury publish u reserve assets monthly treasury department said would release data u reserve assets monthly basis instead quarterly reserve assets held gold special drawing rights monetary fund foreign currencies u reserve position imf assets totaled billion dlrs end april compared billion dlrs end march treasury said reuter
maxwell would renew bid suit fails british press magnate robert maxwell said british printing communication corp plc would renew bid harcourt brace jovanovich inc hbj lawsuit filed harcourt new york today fails speaking press conference maxwell denied market rumors british printing approached british institutions arrange rights issue view bid u publishing concern believe maxwell said british printing filed suit u district court manhattan block maxwell called recapitalization announced harcourt last week harcourt response hostile two billion dlr takeover proposal maxwell planned recapitalization would pay shareholders dlrs per share plan also said pct shares controlled employees management financial adviser first boston corp fbc reuter
independent chairman dutch cargo dispute two sides rotterdam port general cargo dispute agreed appoint independent chairman han future meetings employers spokesman gerard zeebregts said commissioner province act draw agenda procedures meetings employers unions work practice agreement proposed redundancies two months strikes sector began january protest employers proposals redundancies strong workforce year strikes called main port union fnv march following amsterdam court interim injunction redundancies procedural grounds court due make final ruling may zeebregts said expected judgment go employers therefore likely restart complicated legal redundancy procedures near future meanwhile dispute new work practice agreement port grain sector continued maintenance workers strike although loading affected spokesman elevator largest employer sector said employers written union asking reconsider position meeting union members called tomorrow reuter
rochester rtc acquires canton telephone co rochester telephone corp said completed acquisition canton telephone co operating company terms acquisition disclosed canton telephone serves access lines northwestern pennsylvania operating revenues dlrs rochester telephone said reuter
franklin michigan insured sets lower payout mthly div cts vs cts prior pay april record april note franklin michigan insured tax free income fund reuter
profit almost pct year consolidated net profit mln swiss francs vs mln dividend francs per registered share vs francs francs per participation certificate vs eight consolidated turnover billion francs vs billion parent company net profit mln francs vs mln parent company turnover billion francs vs billion note company full name ag z reuter
rtz sees rising u output results rio tinto zinc corp plc l rtz said predicted rise industrial production u europe boost performance consumption base metals dlr prices showing signs improvement although iron ore markets weakened oil price u dlrs average sustained improve energy earnings company commenting statement results restated basis showed net attributable profits lower mln stg mln previous year pretax profits also dipped mln stg mln rtz said excellent performance expanding range industrial businesses offset collapse oil prices industrial businesses contributed mln stg net profit pct increase mln pct total trading performance improved wholly owned subsidiaries rtz ltd rtz cement ltd rtz chemicals ltd rtz ltd first time contributions recent investment acquisitions mainly speciality chemicals minerals also aided performance metals activities contributed mln stg net profit
olin du pont dd complete plant olin corp said construction completed mln dlrs plant owns jointly du pont de co company said plant located niagara falls new york begin operations december plant ton per day capacity operated du pont company said reuter
henley group reviewing investment santa fe southern pacific
sea stores inc st qtr net oper shr four cts vs one ct oper net vs revs mln vs mln note current qtr figures exclude operating loss carryforward gain dlrs two cts per share vs gain dlrs one ct per share reuter
iron steel pre tax falls pct year march share rupees vs pre tax profit mln rupees vs billion net profit mln vs billion sales billion vs billion dividend pct vs tax mln vs mln note full company name iron steel co ltd dividend payable shareholders aug reuter
banctexas sell affiliate banctexas group inc said signed definitive agreement sell banctexas sulphur affiliate group local investors led cash amount equal book value time sale subject regulatory approvals unit assets mln dlrs september banctexas said plans concentrate primary market dallas area reuter
crane co rd qtr net shr cts vs cts net mln vs mln revs mln vs mln avg shrs mln vs mln nine mths shr dlrs vs dlrs net mln vs mln revs mln vs mln avg shrs mln vs mln note figures reflect adjustment split may net nine mths includes cumulative effect change accounting gain pension assets reversion mln cts shr reuter
corp rd qtr oct net shr cts vs cts net vs revs mln vs mln nine mths shr cts vs cts net vs revs mln vs mln reuter
offer dome may short circuit debt talks billion dlr offer dome petroleum ltd dmp mo transcanada pipelines ltd trp may short circuit dome restructuring plan open door takeover bids oil analysts said dome trying get approval plan refinance debt billion dlrs july interim debt plan allowed canadian oil gas firm defer substantial payments creditors expire analysts said transcanada bid signals dome alternative exists dome debt plan dome announced plan major creditors well public march several months delicate negotiations transcanada proposal amounts debt restructuring oil analyst doug brown baldwin ltd said toronto calgary based dome restructuring plan would allow creditors convert debt common shares formula yet negotiated payments remaining debt would linked cash flow generated assets pledged debt weakness whole debt refinancing proposal even approval creditors assurance dome fact able repay debt obligations said wilf gobert oil analyst peters co ltd calgary transcanada announcement came surprise since dome waiting creditors proposed refinancing packages gobert said transcanada proposal could open bidding dome since potential buyers probably waiting lenders agree restructuring added would think would want entertain offers dome gobert said dome spokesman david annesley said new york transcanada announcement could seen attempt fix bidding price dome effort preclude possible buyers making offer drawing attention us discussions means others may little reluctant come forward said dome consider transcanada proposal formal offer pipeline utility announcement breached confidential agreement two companies said dome responded statement suspending discussions transcanada order pursue talks unidentified parties however dome said management financial advisers would evaluate proposals including transcanada said transcanada offer probably fair price company mln acres oil gas land holdings however said enough financial details known dome debt restructuring compare value transcanada proposed offer reuter
corp rd qtr march net shr profit nil vs loss two cts net profit vs loss revs vs nine mths shr loss nil vs loss five cts net loss vs loss revs vs reuter
german gnp figures publication delayed figures first quarter west german gnp published june provisionally scheduled june official federal statistics office said official said delay gathering information data expected show west german economy contracted period spokesman economics ministry bonn said political behind publishing figures june day venice economic summit ends political purely technical matter added west german government expected come pressure venice u european partners stimulate domestic demand way reducing international trade imbalances contributing world economic growth however government officials ruled tax reduction packages supplement major program fiscal measures already underway helmut schlesinger vice president west german central bank bundesbank said tokyo today gnp measure country economic activity fell real terms seasonally adjusted one pct first quarter compared fourth period government confirmed growth negative first quarter year year growth expected two pct schlesinger today repeated bundesbank reluctance cut official interest rates key discount rate three pct historical lows west german officials likely venice summit domestic demand goods abroad already export performance suffered pct rise mark dollar two years government pointed depressed exports main reason current weakness economy says later year stronger domestic demand compensate setback expects gnp growth whole two pct pct rise reuter
china chile build copper tube plant china china state owned non ferrous metals industrial corp copper ltd chile signed contract jointly build copper tube plant peking china daily said santiago copper tube co involves investment mln dlrs completion production capacity tonnes copper year said said chile supply copper preferential rates venture whose equipment comes tube co u k agreement calls joint chilean management venture years paper said said venture first economic cooperation project china chile gave details china major copper importer customs figures show imported tonnes copper alloy calendar tonnes reuter
canada january leading indicator pct canada leading composite indicator rose pct january eight major components posting gains widespread monthly advance past year statistics canada said index also gained pct month index however fell pct january rising pct december gain led residential construction index manufacturing groups continued improve stock market index turned federal agency reported reuter
usx x unit offers steel prices usx corp said uss division available comprehensive sheet steel pricing system company full line products company said first complete years new prices book effective oct one company said reuter
dart group said solicit proxies attempt acquire dayton hudson
highland inc high th qtr net period ended jan shr cts vs cts net vs revs mln vs mln year shr dlrs vs dlrs net vs revs mln vs mln avg shrs vs reuter
brazil sarney call war inflation president jose sarney today declared war without quarter inflation said government would watch every cent public expenditure sarney addressing cabinet live television also reiterated intended remain power five years long running political debate long mandate brazil currently suffering worst inflation history april monthly inflation reached pct reuter
french week bill rate rises pct bank france
alcoa raising prices aluminum beverage stock eight pct
shanghai factory raise mln u dlrs ta rubber factory shanghai raise mln u dlr loan expand modernise plant finance ltd said loan lead managed bank china expected mature eight nine years terms finalized money used import manufacturing equipment including technology transfer production truck part output exported expansion program expected cost total mln dlrs shortfall financed domestically reuter
john hanson savings st qtr net sept end shr profit cts vs loss six cts net profit vs loss assets billion vs mln reuter
bank new england corp st qtr shr dlrs vs cts
new england critical care buys new england critical care inc said completed purchase inc salt lake city company said president founder kelly joined new england critical care regional vice president covering western united states provides home infusion therapy services reuter
african consumer inflation falls september south african year year consumer price inflation september fell pct pct august central statistics office figures show monthly rise items index base pct september august year ago index stood year year consumer price inflation pct reuter
goodman pct ranks hovis goodman ltd australia said statement acquired mln ordinary shares ranks hovis plc l rhm bringing stake company pct mln ordinary shares goodman said intention making full bid company would next six months absence material change circumstances ranks rhm said regards stake build hostile move unwelcome long term interest shareholders reuter
consolidated professor st qtr net shr profit one ct vs nil net profit vs loss revs vs note full name consolidated professor mines ltd reuter
european coffee trade proposes new quota formula european coffee roasters traders agreed propose new formula calculating international coffee organization ico quotas dutch coffee trade association chairman chairman van horick said van horick council member european coffee federation speaking end annual meeting new formula based six year moving averages would give brazil world biggest coffee producer unchanged quota remaining two years current coffee agreement van horick said accepted consumer producer members ico formula could also basis negotiating new agreement van horick said coffee quotas suspended february last year prices shot fears drought crop disaster brazil although prices considerably lower consumers producers unable agree introduction brazil strongly change formula feared lower quota proposal leaves little object van horick said existing quota system far reflect supply demand reality said formula builds flexibility system benefit almost everyone although full implications new formula still worked initial estimates suggest countries colombia kenya indonesia costa rica would get slightly higher quotas others ivory coast el salvador nicaragua would lose quota share van horick said proposal provides future quota distribution must reflect current demand actual supply also prevent shipment quota countries would automatically following year quota ico consumers accept proposal stands least fair chance accepted producers september meeting generally favour new quota formula van horick said time much depend brazil attitude brazil increasingly isolated producer side frost damage coffee crop next two months producers favour proposal might get agreement van horick added reuter
interfirst corp st qtr loss shr loss cts vs profit three cts net loss mln vs profit mln assets billion vs billion deposits billion vs billion loans billion vs billion note net includes securities gains mln vs mln net charge offs totaled mln vs mln provisions loan losses mln vs mln non performing assets totaled billion vs mln reuter
rio tinto zinc corp plc pretax profit mln stg vs mln
inc six mths feb net shr cts vs cts net vs revs mln vs mln reuter
great western financial corp gwf rd qtr net shr cts vs cts net mln vs mln nine mths shr dlrs vs dlrs net mln vs mln reuter
canadian money supply falls week canadian narrowly defined money supply fell mln dlrs billion dlrs week ended june bank canada said plus daily interest chequable non personal deposits fell mln dlrs billion dlrs plus notice personal fixed term deposits fell mln dlrs billion dlrs non personal fixed term deposits foreign currency deposits residents booked chartered banks canada fell mln dlrs billion dlrs chartered bank general loans outstanding fell mln dlrs billion dlrs canadian liquid plus short term assets rose mln dlrs billion dlrs total canadian dollar major assets chartered banks fell mln dlrs billion dlrs chartered bank net foreign currency assets fell mln dlrs minus billion dlrs notes circulation totalled billion dlrs mln dlrs week government cash balances rose mln dlrs billion dlrs week ended june government securities outstanding fell mln dlrs billion dlrs week ended june treasury bills rose mln dlrs billion dlrs canada savings bonds fell mln dlrs billion dlrs reuter
entertainment marketing tops crazy eddie offer quickly growing texas based distributor electronics products offered mln dlrs crazy eddie inc crzy leading new york city electronics retailer one dlr per share founder bid dlr share offer entertainment marketing inc em crazy eddie comes less two weeks founder eddie antar firm controlled canada announced bid take store crazy eddie chain private analysts said entertainment marketing whose revenues profits may looking break highly competitive new york city retail market consumer electronics nation biggest time electronics retailers analysts questioned whether houston based entertainment marketing founded former electronics retailer whose present primarily wholesale distributors management expertise retailing merely trying drive price crazy eddie shares already owns mixed said analyst dennis turner dallas brokerage one hand probably cheap price hand entertainment marketing management run crazy eddie people leave risky strategy entertainment marketing said analyst arnold henderson minneapolis brokerage electronics retailing management concentrated want keep crazy eddie management place said since entertainment marketing already owns percent crazy eddie million shares may trying get antar belzberg group increase dlr share offer shares crazy eddie jumped high dlr range dlrs since antar belzberg bid announced may rose another cents monday share counter trading antar founder chain new york city philadelphia connecticut areas said last month group controlled percent crazy eddie shares crazy eddie spokesman said company board taken decision antar belzberg offer worth mln dlrs since shares entertainment marketing would comment new offer entertainment marketing sells computer products disk drives often discounted electronics goods retailers primarily southwest directly consumers cable television fiscal ending last january revenues rose mln dlrs mln dlrs previous year net profit went mln dlrs dlrs entertainment marketing whose chief executive officer zinn ran electronics retailing business said statement committed mln dlrs toward purchase crazy eddie retained dean witter reynolds inc assist financing balance analyst estimated company would borrow mln dlrs complete proposed buyout since crazy eddie cash assets worth amount shares entertainment marketing cents monday reuter
u canada ties seen worse without trade pact u canadian ties could worsen two nations unable reach free trade pact according study published two public policy research groups institute washington institute vancouver said removing remaining tariffs cross border trade would benefit countries chairman william added two nations generally trade relations probably sustainable without new agreement united states canada whose cross border trade totaled billion dlrs last year holding talks since last june pact end trade barriers remaining two countries u put deadline talks october sides said agreement likely despite tough bargaining remained said pact reached bilateral trade ties could congressional pressure president reagan implement trade laws aggressively could hit canadian trade practices noted canada seeking foreign investment auto industry could put strains considerable bilateral free trade u canadian autos parts also said canadian government vulnerable economic could restrict u exports canada free trade pact backed president reagan prime minister brian mulroney would open new markets canada enable industries achieve economies scale would also help widen exports worldwide said would also increase gross national products countries said goal pact end tariffs within years lower subsidies exports set rules trade services investments end curbs government procurement agree ways resolve trade disputes reuter
acquire gelco mln dlrs c plc said statement accompanying annual results proposed acquire gelco u k mln dlrs part cost met issue mln new ordinary shares placed p acquisition satisfied initial payment mln dlrs cash payments dlrs maximum mln dlrs payments made profits achieved gelco year ending july reach certain level shares trading p lower p reuter
lennar corp nd qtr may shr cts vs cts net vs revs mln vs mln six mths shr dlrs vs cts net mln vs revs mln vs mln reuter
japan ldp call flexible monetary policies japan ruling liberal democratic party ldp call adequate flexible management nation monetary plan expand domestic demand senior ldp official told reuters koizumi head ldp committee working plan said taken implying immediate cut japan pct discount rate ldp generally believes need discount rate cut moment said koizumi said ldp rule rate cut necessary future bank japan governor satoshi sumita told press conference wednesday central bank intention easing credit conditions reuter
gte corp gte rd qtr net shr cts vs cts net mln vs mln revs billion vs billion nine mths shr dlrs vs dlrs net mln vs mln revs billion vs billion note share results restated stock split january net periods includes business gains mln dlrs five cts share gains early retirement programs mln dlrs cts share nine months net also includes pre tax charge mln dlrs gte share special write u sprint reduced tax net mln dlrs cts share net periods includes business gains mln dlrs cts per share reuter
u k producer prices seen moved u k producer price data march roughly expected taking account technical factors affected year year outcome economic analysts said figures showed pct provisional non seasonally adjusted rise output prices march unchanged february close average last six months year year rise put pct pct february chris economist brokerage house phillips drew said drop year year rate mainly reflected rise excise duties affected index march last year cautioned dangerous read much monthly figure adding rise pct april would take year year rise back pct analysts also noted drop manufacturers input prices almost entirely due anticipated seasonal factors fall industrial electricity costs lloyds merchant bank said figures slightly disappointing strengthening sterling yet reduced input prices much expected said factor help keep input costs next months although added last year fall oil prices drop year year comparisons likely lead return rises index rather falls reuter
coleman co inc rd qtr net shr cts vs cts net vs sales mln vs mln nine mths shr dlrs vs dlrs net vs sales mln vs mln avg shrs vs note data restated changes method accounting pensions reuter
first american bank savings rd qtr shr cts vs cts net vs nine mths shr dlrs vs given net mln vs note company went public july net includes loan loss provisions dlrs vs dlrs quarter dlrs vs dlrs nine mths net includes pretax gains sale assets dlrs vs dlrs quarter dlrs vs dlrs nine mths reuter
carolco may bid lieberman lieberman enterprises inc said carolco pictures inc negotiating acquisition pct lieberman shares held families chairman david lieberman president harold dlrs deal concluded public shareholders would offered price shares lieberman said carolco bid public shareholders would cash shareholders could offered securities alternative offer would occur within days closing sale initial pct stake company said company said final agreement yet reached first transaction negotiations expected concluded early june present management expected continue operate lieberman company said lieberman distributes music video products reuter
crazy eddie crzy amends shareholder rights crazy eddie inc said board directors amended company shareholder rights plan moves said designed preserve stockholder protection provide flexibility plan yesterday crazy eddie agreed oppose slate candidates board proposed committee restore stockholder value shareholder group led oppenheimer fund l p entertainment marketing inc em seeking current management crazy eddie said new amendments limit future amendments plan modify definition continuing directors permit amendment termination plan consent company shareholders continuing directors office approval least three directors cannot obtained company also said approved certificate respect mln shares authorized previously unissued shares preferred stock adopted employee stock ownership plan crazy eddie also requested shareholder group make commitment take company private crazy eddie chance recover current financial difficulties group rejected crazy eddie said hold annual shareholders meeting november reuter
balladur urges g respect louvre accord french finance minister edouard balladur said group seven g industrial countries respect pledges monetary policy made february louvre accord currency stability strengthen cooperation seven major industrial countries pledges made louvre told journalists simply pledges maintain currency stability also conduct certain type economic monetary policy added reuter
dominion textile calls report bid burlington rumor
gunnar gold venture agreement gunnar gold inc said mill city gold inc signed option joint venture agreement gold inc gold property ontario gunnar said mill city earn pct interest option buy gold mine spending five mln dlrs exploration development feasibility studies said companies may form joint venture partnership bring mine full commercial production reuter
far east traders expect dlr oil january opec agreement limit output mln barrels per day bpd rest year boost spot prices enable group raise official reference price dlrs barrel january current dlrs far east oil industry sources said fundamentally market situation bullish official price dlrs january japanese refiner said sources said spite production opec members iraq united arab emirates kuwait qatar demand exceed supply fourth quarter spot oil prices surged friday late u trading market anticipated opec agreement second half output early tokyo trade levels firm dlrs mideast dubai cargoes loading next month dlrs u k brent traders said said expect foreign crudes u market benchmark crude west texas intermediate wti trades around dlrs wti dlrs u refiners import mideast far east crudes strengthen grades said japanese oil trader tokyo traders cautious whether spot market upward potential short term risen strongly opec news friday could certainly argue new york rose basis reason prices go today said one international oil trader tokyo think sign dip bought back pretty quickly added one oil industry analyst reason expect weak market said expected opec raise prices dlrs meets december oil sources said spot prices unlikely surge strongly next months due cheating opec members likelihood saudi arabia act swing producer maintain steady prices iraq currently producing around two mln barrels per day compared second half quota mln said export rise mln bpd new pipeline turkey comes around september qatar said achieving sales around bpd opec assigned quota cents barrel official prices sources said iran united arab emirates kuwait also cheating opec agreement production effective price discounts counter purchases industry sources said mostly agreed saudi arabia act swing producer cutting production compensate higher output members boosting output spot prices rise high fast saudi arabia floating oil stockpile mln barrels saudi arabia wants oil price stability stockpile may cool market rises much oil industry analyst said reuter
convergent technologies sees qtr loss convergent technologies inc said expects report first quarter loss twice size mln dlr loss reported fourth quarter convergent reported first quarter profit dlrs five cts per share company said results declined quarter traditional business business systems group anticipated loss reflects lower expected operating margins start costs new product manufacturing higher planned expenses reuter
pakistan confirms kenya tea import investigation pakistan corporate law authority begun enquiry imports tea kenya trade imbalance two countries chairman confirmed told reuters telephone importers bond asked supply data authority hearing would held would report back commerce ministry requested enquiry said date yet set hearing declined give details matter industry sources told reuters reports companies tea import licences suspended incorrect reuter
bank japan determined keep easy money policy bank japan bought billion yen certificates deposit cds via repurchase agreements today show determination maintain easy money policy central bank officials said today cd buying operation designed seek announcement effect would reassure market fact changed policy stance senior central bank official told reuters bank also bought billion yen two month commercial bills tight credit conditions interbank market today officials said central bank concerned growing market expectations higher interest rates part responsible recent plunge stock yen bond prices officials said money traders said market generally bank cd operation small rate far prevailing market rates rate key three month cds primary market pct bank bid pct said bank bill buying operation also little impact regarded routine operation said money traders said regarded central bank cd buying operation simply gesture live japan pledge guide interest rates lower stimulate economy expect central bank ease credit grip bank manager said adding prevailing market expectation higher rates remain case three month cd rate stay four pct time said reuter
may buy allied brothers stores may department stores co said terminated agreement allied stores corp buy allied four brothers stores n may allied said conditions necessary closing met may planned make acquisition expansion department store co operates rochester n reuter
federal corp rd qtr net shr cts vs cts net vs sales mln vs mln nine mths shr dlrs vs dlrs net mln mln sales mln vs mln note rd qtr results include extraordinary loss extinguishment debt dlrs cts shr reuter
fall canadian budget deficit slow finance minister michael wilson said tax reform affect determination expenditures forecasts show slowing decline budget deficit late responsible tax reform must responsible wilson said speech prepared house commons wilson estimated deficit fall billion dlrs year ending march level forecast february budget year ended past march deficit expected one billion dlrs lower billion dlr shortfall originally forecast wilson said wilson said current fiscal year higher anticipated spending particularly farm income support programs offset higher anticipated revenues finance department documents show pace deficit reduction expected slow temporarily fiscal result lower oil grain prices transition taxation system deficit expected total billion dlrs fiscal billion dlrs fall billion dlrs wilson optimistic outlook canadian economy gross domestic product would expand pct year pct economy grew actual pct inflation meanwhile expected stabilize around current four pct level next two years reuter
pacific basin acquire pct e pacific basin development corp based vancouver british columbia said reached agreement buy pct e pacific corp marketing arm mln u dlrs pacific also said expects earn three mln canadian dlrs year ended june mln canadian dlrs year ended june e former corp unit integrated circuits southeast asia buying pacific said e expects earn mln canadian dlrs per year acquisition completed reuter
goodyear gt sell stake goodyear said selling pct interest ltd japan partner venture co reuter
montedison agrimont unit earnings montedison spa italy said net consolidated profit agrimont group formed june totalled billion lire agrimont spa holding company montedison agro industrial businesses sales billion lire net profit billion lire amortization costs billion lire billion lire reduction value inventory due falling market prices montedison said agrimont still wholly owned montedison taking steps traded milan exchange company said company said characterized unstable market due weak dollar decline international prices products sold europe u agrimont operates division animal health care products agrimont maintained previous level revenues market share montedison said montedison said named newly created position president agrimont montedison also said named managing director spa managing director italiana e members ferruzzi group management board board directors ferruzzi owns pct montedison company said reuter
rand co rd qtr net shr cts vs cts net mln vs mln revs mln vs mln avg shrs vs nine months shr dlrs vs dlrs net mln vs mln revs billion vs billion avg shrs vs note results reflect five two common stock split payable form stock dividend payable july results include gains retroactive adoption new accounting rules pension jan mln mln dlrs third quarter nine month periods respectively company redeemed outstanding preference stock dlrs convertible series sept reuter
bancorp inc st qtr net shr dlrs vs dlrs net vs avg shrs vs reuter
revlon rev macandrews forbes merge macandrews forbes group revlon group inc rev said entered definitive agreement macandrews acquire revlon dlrs per common share cash macandrews said increased offer purchase revlon common shares dlrs share april offer dlrs share following consummation offer unit macandrews merge revlon remaining share converted right receive dlrs per share cash companies said revlon said board directors unanimously approved merger agreement macandrews revlon also said reached settlement pending litigation acquisition shares companies said tender offer withdrawal rights tuesday april unless extended macandrews said promptly file revised tender offer material securities exchange commission drexel burnham lambert inc acting dealer manager offer companies said revlon currently mln shares outstanding current offer price mln dlrs company spokesman said previous offer mln dlrs april macandrews forbes owned ronald perelman offered dlrs share pct revlon shares already since offer made dozen shareholder lawsuits brought revlon alleging original offer low companies said lawsuits settled amended offer reuter
hall co inc st qtr feb net shr cts vs cts net vs revs mln vs mln avg shrs vs reuter
corp th qtr march loss oper shr loss cts vs profit three cts oper net loss vs profit revs mln vs mln year oper shr loss nine cts vs profit cts oper net loss vs profit revs mln vs mln note revenues exclude medical publishing retail operations company decided dispose fourth quarter fiscal year revenues mln dlrs vs mln dlrs operating results exclude discontinued operations year loss dlrs vs profit dlrs reuter
andersen group inc st qtr may may shr loss cts vs loss cts net loss vs loss revs mln vs mln avg shrs vs reuter
merrill lynch mer investment revenues merrill lynch co said investment banking revenues strong first quarter rising mln dlrs mln first quarter made steady progress period market activity marked unprecedented activity william chairman executive officer daniel president chief operating officer said earlier company reported first quarter net income mln dlrs one dlr per share mln dlrs cts per share first quarter merrill lynch said insurance revenues made biggest gains first quarter rising mln dlrs first quarter mln dlrs last year first quarter reuter
trump plaza th qtr net net profit vs loss revs mln vs mln year net profit mln vs profit revs mln vs mln note company became wholly owned operated donald trump may acquired pct interest owned former operator holiday corp hia reuter
balladur urges g respect pledges monetary policy louvre accord
alex brown inc absb rd sept end primary shr cts vs cts diluted shr cts vs cts net vs revs mln vs mln primary avg shrs vs diluted avg shrs vs nine months primary shr dlrs vs dlrs diluted shr dlrs vs dlrs net mln vs mln revs mln vs mln primary avg shrs vs diluted avg shrs vs note results pro forma assuming company public throughout company became public feb reuter
fund corp rd qtr net shr dlrs vs cts net mln vs mln revs mln vs mln nine mths shr dlrs vs dlrs net mln vs mln revs billion vs billion note realized investment gains net taxes rd qtr nine mths mln dlrs mln dlrs respectively realized investment gains rd qtr nine mths mln dlrs mln dlrs respectively company repurchased mln shares stock rd qtr reuter
industries th qtr net shr cts vs cts net mln vs sales mln vs mln note per share figures reflect april five three stock split full year figures available reuter
continental information systems nd qtr qtr ends aug shr cts vs cts net vs revs mln vs mln six mths shr cts vs cts net vs revs mln vs mln note full name company continental information systems corp reuter
zambian copper industry hopes steady output zambia copper mining industry hoping achieve maintain production tonnes year next years despite low world prices deteriorating ores shortages mine industry officials said zambia decision abandon last may tough international monetary fund imf economic recovery program introduced element uncertainty plans restructure ailing industry boost profitability said copper production government controlled zambia consolidated copper mines zccm financial year ended march improved slightly tonnes record low tonnes convinced end financial year copper production could well tonnes due greater availability equipment zccm official said zccm officials said production another strategic income also meet demand finished production tonnes tonnes higher previous year best production achieved date low world metal prices badly hit copper industry zambia world fifth biggest producer mining zccm accounts pct country foreign exchange earnings production also seriously affected recent years equipment deteriorating ore shortages spare parts fuel tonnes output last year compared peak output tonnes five year production investment plan launched zccm funded european community african development bank world bank plan foresees shutdown seven mining units grounds unprofitable zccm second largest employer government said intends lay workforce part plan mln dlrs far industry bid improve efficiency profitability five year restructuring plan company officials said although reserves depleted zambia could continue produce copper beyond end century though lower levels production industry sources said zccm projected pre tax profit financial year ended march would around mln kwacha current mineral export tax level levied net loss likely registered zccm recorded net loss mln kwacha compared net profit mln kwacha year foreign exchange auction system introduced zccm profits foreign exchange earnings rose value kwacha fell dollar two dollar may president kenneth kaunda abolished system international monetary fund announced zambia would pursue go alone economic strategy based national resources zccm officials still cautious effects break imf industry plans still consulting see new measures affect us early say shall new situation peter director operations third zccm told reuters analysts believe new officially fixed exchange rate eight kwacha dollar hit zccm export profits specialists talked tell break even point zccm rate kwacha per dollar frederick leader zambian congress trade unions said high production costs continue zambian industry zambia mines copper relatively expensive rate cents per pound compared cents united states cents chile industry also faces transport problems due zambia government confirmed year stopped copper south south africa pct shipments tonnes month sent rail port dar es salaam tonnes go via zimbabwe port beira transport often hit shortages fuel reuter
advanced telecommunications buy co advanced telecommunications corp said reached agreement principle purchase savings communications co long distance telephone service florida proposed acquisition price approximately mln dlrs cash company said reuter
stanadyne inc rd qtr net shr cts vs cts net vs revs mln vs mln nine mths shr dlrs vs dlrs net mln vs mln revs mln vs mln reuter
laser photonics inc th qtr dec shr loss cts vs loss one cts net loss vs loss revs vs mln year shr loss cts vs loss eight cts net loss mln vs loss revs mln vs mln reuter
united suspends merger talks united communications inc united cable television corp said indefinitely suspended negotiations proposed merger companies previously announced companies cited combination extraordinary market conditions unresolved terms merger contributing action reuter
shultz predicts rapid narrowing u trade gap secretary state george shultz said u would large foreign trade deficit faster many predicted consequences trade partners might u economy inevitably make adjustment necessary move deficit surplus trade balance order service growing foreign debt told conference attended six members association southeast asian nations leading western view happen rapidly many observers predict universal strategy aggressive export led growth becoming less effective shultz said possible every country world net exporter time u deficit sense place everyone export led strategy growth gone huge surpluses japan west germany fed deficit something give possibly experience added must keep pressure us protectionist policies must act shultz said better job convincing congress leave door open imports trading partners open doors wider told group included representatives australia canada japan new zealand european community reuter
delors calls g meeting european community commission president jacques delors called swift meeting g countries following instability today trading world money stock markets told press conference g meet quickly delors said dollar fall mark levels around european monetary system would test fire delors said current problems markets caused excessive growth financial trading excessive deregulation failure fundamentals world economy adapt quickly enough changing circumstances said blame recent increases west germany reuter
cascade importers unit acquires paris company cascade importers inc usa cascade international gmbh west germany said tentatively acquired worldwide rights products bernard group paris agreement calls cascade rights manufacturing trading care treatment products cosmetics group said cascade said agreement also includes exclusive rights trade duty free channels worldwide designer accessories addition cascade said granted option purchase assets including plant equipment located france company said product line u market alone could represent mln dlrs revenue reuter
first mercantile currency fund inc st qtr net shr profit cts vs cts net vs revs vs reuter
shell canada shc raises crude cts canadian shell canada shc whose majority interest owned royal dutch shell group companies raised postings light sweet sour crude oil edmonton swann hills canadian cts barrel effective today new price light sweet crude oil canadian dlrs barrel new price light sweet sour crude canadian dlrs barrel royal shell group owns pct shell canada public shareholders primarily canadian remaining pct company shell canada spokesman said reuter
management group restaurant majority restaurant associates industries inc said management group led chairman martin president pine october received class class b shares response tender offer shares dlrs giving majority class shares company said tender extended november reuter
bilzerian says pay n pak signs merger accord tender mln shares
inc rd qtr may net shr dlrs vs cts net vs sales mln vs mln avg shrs vs nine mths shr dlrs vs cts net vs sales mln vs mln avg shrs vs reuter
brazil cotton crop lower usda report brazil cotton crop estimate reduced tonnes basis u agriculture department officer sao paulo said field report report dated april said reduction based expected smaller harvest center south region center south crop estimated tonnes tonnes previous estimate hot dry weather part january excessive rains areas february reduced yield prospects may affected quality report said nearly pct crop harvested parana slightly less sao paulo said cotton entering fairly good quality according trade sources said reuter
allied bankshares inc st qtr net shr cts vs cts net vs note qtr includes tax gain dlrs cts per share reuter
rapid american completes k mart km store buy privately held rapid american corp said completed previously announced acquisition kresge stores k mart corp company said plans operate stores mccrory five variety stores close others end july reuter
revlon group agrees merge macandrews forbes group dlrs shr cash
travelers realty income rd qtr net shr cts vs cts net vs revs vs nine mths shr cts vs dlrs net vs revs vs note full name trust travelers realty income investors reuter
rubbermaid inc st qtr net shr cts vs cts net mln vs mln sales mln vs mln reuter
honeywell inc hon st qtr oper net oper shr cts vs cts oper net mln vs mln sales billion vs billion note sales includes operations sperry aerospace operating net excludes charge discontinued operations mln dlrs cts share reuter
mcdonnell douglas md buys computer firm mcdonnell douglas corp said acquired computer services ltd british software company also known terms acquisition disclosed based bristol england employs workers annual revenues five mln dlrs mcdonnell douglas said company added operate part mcdonnell douglas information systems international reuter
bilzerian prepared tender pay n pak pnp investor paul bilzerian said pay n pak stores inc merger accord immediately begin tender offer mln shares dlrs per share cash bilzerian told reuters believes offer superior leveraged buyout proposal disclosed announcement company morning company said evaluating proposals said optimistic offer accepted meeting board directors wednesday officials pay n pak immediately available comment bilzerian said pool mln dlrs raised shearson lehman brothers inc available tender may add bank submitted agreement prepared sign said shares accepted bilzerian tender would exchangeable dlrs convertible preferred stock asked would happen leveraged buyout group company identify topped offer board meeting bilzerian said expected opportunity respond pay n pak gave details buyout group say offer contingent financing regarding management equity participation bilzerian said understanding management nominal pay n pak fell arbitrageurs said disappointment neither offers topped dlrs expecting offer north dlrs said one arbitrageur leveraged buyout plan dlrs per share cash dlrs pct cumulative preferred stock robert analyst montgomery securities said ask one industry made bid scott analyst wilson securities said company made best strategic moves years done right things right time said result earnings per share steadily declined since cts per share earnings reported fiscal year ended february lower earnings said earnings totaled mln dlrs revenue mln dlrs said pay n pak better sales people many competitors price even though competitors lower costs result squeezed margins noted publicly identified bidders stepping forward since company rejected earlier bilzerian proposal mid april another arbitrageur said might late another bidder get game speculated someone home improvement business might able offer deal stock would top buyout proposal bilzerian plan reuter
western mining open new gold mine australia western mining corp holdings ltd wmc said establish new joint venture gold mine northern territory cost mln dlrs mine known project owned pct wmc pct local w r grace co unit located kms east river mt wmc said statement said open pit mine conventional leach treatment plant expected produce ounces gold first year production mid annual ore capacity tonnes reuter
seal inc nd qtr april net shr profit cts vs loss six cts net profit vs loss sales vs st half shr profit cts vs profit cts net profit vs profit sales mln vs avg shrs vs reuter
yeutter almost sure japan retaliate u trade representative clayton yeutter said almost sure japan would retaliate tariffs president reagan mln dlrs japanese electronic goods today say plus pct sure tariffs provoke retaliation american products yeutter told cable news network japan far much stake relationship united states seriously entertain retaliation yeutter said earlier today reagan imposed pct tariffs range japanese goods retaliation japan alleged violation bilateral pact governing semiconductor trade yeutter say u farm products would targeted tokyo decided hit back japan retaliate would probably something like american agricultural products said really think chances happening slim none added reuter
coastal said raised oil postings cts barrel october wti dlrs
indonesian inflation rate pct inflation pct indonesia fiscal march compared pct previous year information minister said cabinet session discuss economic situation reuter
noranda begins murdochville mine salvage noranda inc said began salvage operations murdochville quebec mine fire last week killed one miner caused mln dlrs damage noranda said cause full extent damage still fire destroyed feet conveyor belt company said extreme heat fire caused severe rock along several mine production mine suspended investigations complete copper mine smelter produced tons copper smelter continues operate available concentrate stockpiled supplies noranda said reuter
hovnanian enterprises st qtr may net shr cts vs cts net vs revs mln vs mln avg shrs vs reuter
h corp rd qtr net shr cts vs cts net vs revs mln vs mln avg shrs mln vs mln nine mths shr dlrs vs dlrs net mln vs mln revs mln vs mln avg shrs mln vs mln reuter
valero energy corp rd qtr loss shr loss dlrs vs loss dlrs net loss mln vs loss mln revs mln vs mln nine mths shr loss cts vs loss dlrs net profit mln vs loss mln revs mln vs mln note periods rd qtr pro forma note rd qtr includes mln dlrs ct share tax loss discontinued operations mainly sale assets oil gas exploration production subsidiary september rd qtr also includes extraordinary mln dlrs cts share planned company pct subordinated debentures nine mths net includes loss mln dlrs dlrs share discontinued operations per share loss deducting preferred stock dividends nine mths net also includes tax gain mln dlrs dlrs per share formation valero natural gas partners l p rd qtr includes tax loss discontinued operations mln dlrs share reuter
energy secretary sees higher oil prices energy secretary donald hodel said expects oil prices rise significantly year probably around dlrs barrel current dollars anticipate significant increase thirty three dlrs barrel unreasonable hodel told senate energy committee hodel said loss domestic oil production shutdown stripper barrels day less wells low prices probably permanent said also concerned decline domestic oil exploration hodel urged congress approve oil exploration section arctic national wildlife refuge alaska said area favorable discovery oil fields equal nearby prudhoe bay area could contain potentially recoverable oil resources billion barrels amount nearly equal prudhoe bay oil field currently provides almost one fifth u domestic production hodel said said production new section could begin time prudhoe bay production begins decline without wildlife area reuter
rite aid corp sets dividend qtly div cts vs cts pay april record april reuter
alex brown inc absb st qtr march net shr primary cts vs cts shr diluted cts vs cts qtrly div six cts vs five cts net vs revs mln vs mln note pay date qtrly div april shareholders record april reuter
cocoa exporters expected limit sales major cocoa exporters likely limit sales weeks ahead effort boost world prices sources close meeting cocoa producers alliance cpa said sources said depressed world market one main discussed closed door meeting member cpa began monday said producers agreed cutting sales would aid buffer stock manager new international cocoa pact effort support prices major cocoa producing consuming nations agreed operation rules buffer stock meeting london last month stock manager expected enter market soon prices weight three successive cocoa surpluses recently fell level manager buy cocoa stock rules buffer stock aims keep prices within pre set range buying prices fall selling rise world cocoa price present interesting commented one delegate representing major cpa producer another source said much october september world cocoa crop sold limiting sales near term concerns essentially next year harvest sources noted however cocoa industry brazil world number two producer private hands means limiting sales difficult major west african producers sales made authorized commodity marketing boards cpa includes world top three producers ivory coast brazil ghana accounts pct output meeting due end tomorrow evening reuter
ec could decide japan trade moves late may european community ec effectively given japan six weeks take moves open market imports decides possible tough retaliatory trade measures ec diplomats said said ec foreign ministers meet may review state trade relations two sides ec executive commission asked representatives member states friday propose ec pledges world trade body gatt unless adequate early measures open japanese market would first step imposing stiff increases duties limits japanese exports diplomats said unlikely issue would discussed detail next meeting ec foreign ministers april luxembourg time needed prepare proposals possible retaliatory action said commission powers take limited action getting ministerial approval prevent japanese exports electrical photographic goods diverted europe following possible u tariff moves may ministers also likely discuss prevent japan getting extra trading advantage result spain portugal joining bloc gradually reduce tariffs many industrial goods japan trade surplus community grown steadily record billion dlrs march reuter
inter tel inc nd qtr may net shr four cts vs one ct net vs rev mln vs mln avg shares vs six months shr seven cts vs two cts net vs rev mln vs mln avg shares vs note qtr includes extraordinary gain dlrs one ct share six months net includes gain two cts share reuter
belgian february industry output year ago belgian industrial production excluding construction adjusted seasonal calendar influences provisionally pct lower february year earlier national statistics office said output february however pct higher january spokeswoman office said production index base rose provisional february provisional january slightly revised originally estimated february last year index stood reuter
carolco pictures agreement carolco pictures inc said signed letter intent exchange mln shares communications inc stock within next days said carolco shares used exchange valued dlrs share total value mln dlrs adjusted based price carolco shares closing date said management remain place least three years reuter
rio tinto zinc net attributable profit lower year december shr p vs p div p making p vs p pretax profit mln stg vs mln net attributable profit mln stg vs mln turnover billion stg vs billion note accounts restated full name company rio tinto zinc corp plc l group operating profit mln stg vs mln operating costs billion stg billion share profit less losses related companies mln stg vs mln interest receivable income mln stg vs mln interest payable mln stg vs mln tax mln stg vs mln leaving mln stg vs mln rtz investment australian associate cra equity accounted figures restated basis reduction rtz interest pct october reuter
total capital acquires compact total capital corp said acquired compact inc unspecified amount stock surviving company controlled total capital said makes compact reuter
chemical waste management inc rd qtr net shr cts vs cts net vs revs mln vs mln nine mths shr cts vs cts net vs revs mln vs mln reuter
u meat industry launches campaign japan u meat industry launched aggressive promotion campaign japan increase consumer u beef persuade japanese government relax current beef import quotas u beef sales japan currently around mln dlrs annually could increase two billion dlrs high six billion dlrs year japanese quotas removed japanese consumer made aware u beef officials u meat export federation said press conference today partially funded mln dlr award made agriculture department targeted export assistance tea program five year meat promotion campaign japan launched u meat export federation april promising japanese beef market could one bright u agricultural exports said philip seng asian director federation supply japan buy high quality beef like beef want buy said seng pointed japan beef quota system limits total japanese beef imports tonnes per year u imports tonnes major expanding u beef shipments japan quotas implemented time heavy japanese foreign beef imports current quota agreement expires next march beef quota negotiations set get underway fall reagan administration called end quotas april japanese officials said would imports regardless u pressure officials meat export federation told reuters expect complete lifting quota hope least gradual increase quota high beef prices japan caused protected market also kept beef consumption modest levels meat industry officials said japanese pay average dlrs u steak restaurant average dlrs japanese produced restaurant steak meat association said retail level u sells dlrs per pound japanese beef sells dlrs per lb japanese consumers currently less lbs beef per year compared lbs average american officials said total beef consumption japan tonnes per year seng said removal quotas decrease beef prices consumption could increase mln tonnes reuter
first colonial bankshares corp st qtr shr cts vs cts net vs avg shrs vs reuter
phoenix financial buys data access stake data access systems inc said chairman david cohen sold common shares phoenix financial corp undisclosed terms resigned chairman chief executive officer company said phoenix financial pct interest data access effective control data access said phoenix chairman martin named chairman data access well two phoenix representatives named data access board said four directors cohen resigned board reuter
dupont unit raises crude oil postings cts bbl effective yesterday
park communications inc st qtr mar shr cts vs cts net vs revs mln vs mln reuter
canadian home shopping st qtr loss shr loss cts net loss revs mln note full name canadian home shopping network ltd period ended april company first quarter operations reuter
statoil seeks share thai gas field norway state oil company den norske stats oljeselskap statoil stat ol told thai authorities interested taking pct share big offshore thailand gas field statoil said field southern sector gulf thailand currently operated u oil company texas pacific oil co inc unit canada co ltd n thailand state oil company petroleum authority thailand ptt also holds major stake field ptt wants develop field asked statoil consider co development field licence renewed ptt according statoil currently negotiating texas pacific buy back dallas based oil company holdings field ptt must first sort problems texas pacific done said interested taking pct share field statoil spokesman willy told reuters statoil hired ptt carry independent appraisal field reserves propose development plan estimated field could developed cost mln crowns industry sources said texas pacific submitted lower reserve estimates field statoil shown little interest development statoil refused disclose upgraded reserve estimate field field reserves could sold domestically thailand gas distribution network converting gas electricity sources said sources would say field statoil considering reuter
co st qtr may net shr cts vs cts net vs sales mln vs mln reuter
federal guarantee corp st qtr net shr cts vs cts net vs revs mln vs mln reuter
burlington coat factory bcf nd qtr net quarter ended may shr cts vs cts net vs sales mln vs mln six mths shr dlrs vs dlrs net mln vs mln sales mln vs mln note full name burlington coat factory warehouse corp reuter
saudi arabia wants increase oil sales japan saudi arabia hopes increase volume oil exports japan expanding bilateral trade saudi arabian interior minister bin abdul aziz said told tokyo country hopes raise crude products exports japan earlier levels elaborate promote trade saudi arabia japanese industries business said japanese firms long term contracts import total barrels per day saudi crude reuter
parker drilling co nd qtr feb loss shr loss cts vs loss cts net loss vs loss revs mln vs mln six mths shr loss dlrs vs loss dlrs net loss vs loss revs mln vs mln reuter
ghana buy crude oil iran ghana import tonnes crude oil annually iran agreement reached tehran today iranian news agency irna reported agency received london said accord reached iranian oil minister gholamreza aqazadeh visiting delegation headed foreign minister irna said agreement iran also provide technical scientific assistance manpower training oil production refining reuter
warner communications inc rd qtr net shr cts vs cts net mln vs mln revs mln vs mln nine mths shr dlrs vs cts net mln vs mln revs billion vs billion reuter
dutch adjusted unemployment rises march dutch seasonally adjusted unemployment rose month end march total end february well end march social affairs ministry figures show figure male jobless rose month compared year earlier figure women end march month earlier end march unadjusted basis total unemployment fell month end march march figure ministry spokesman said unadjusted figures showed smaller usual seasonal decrease time year particularly cold weather delaying work building industry said explained increase adjusted statistics total available rose end march year earlier figure reuter
allied signal ald completes unit sales allied signal inc said completed sale seven businesses electronics instrumentation sector billion dlrs cash debt assumed purchasers company said last december would sell units mid identify buyers company said proceeds used reduce debt continue company share buyback program increase strategic investments core businesses corporate purposes said units sold corp amphenol linotype group international mpb corp corp sigma instruments inc reuter
texas american bancshares sell unit texas american bancshares inc said agreed sell texas american bank unit first american bancorp inc mln dlrs cash texas american said regulatory approval transaction expected december sale close shortly thereafter sale completed unit name change first american bank texas unit reported total assets mln dlrs reuter
n bank discount borrowings mln dlrs eight major new york city banks daily average borrowings mln dlrs federal reserve week ended april fed spokesman said fed spokesman said borrowings made yesterday fewer half banks second half two week bank statement period ended wednesday average borrowings banks mln dlrs first week period reuter
central bank head says philippine growth target philippines first quarter growth figures released yesterday indicated government likely achieve targets central bank governor jose fernandez said interview national economic development authority announced yesterday gross domestic product gdp grew pct gross national product gnp pct first quarter year earlier see anything horizon cut growth short fernandez said said gnp grown pct gdp pct fourth quarter year earlier last year gnp growth put earlier pct revised pct certainly see shortage external resources gnp growth continues level would assume domestic resources fiscal side would generated would stumbling block fernandez said think even figures came simply looking key indicators consumption fuel oil power showed economy different track last year said fernandez said consumption tended heavier first second quarters dry weather could drop third quarter said significant sign recovery lay manufacturing sector grew pct declines slow turnaround second half seasonal thing said said government met monetary targets set first quarter consultation international monetary fund imf expected draw fourth tranche mln sdr stand arrangement soon philippines far drawn three totalling mln sdrs arrangement expiring april fernandez said imf mission would visit july august review performance january june period said imf repayments projected total billion dlrs period drawings mln dlrs repayments inevitable many countries would find net repayments imf rising next years means since net drain official development assistance accounts commercial banking system requested hold line said internal exists imf debt cannot rescheduled fernandez said philippines rescheduled billion dlrs billion dlr foreign commercial debt march fernandez said central bank bills introduced march excess liquidity peaked billion pesos april maturity dates started october last year almost completed said auctions treasury bills whose outstanding level touched billion pesos may going well treasury bills remain basic monetary tool said commenting country foreign debt fernandez said think philippine debt stock large receipts exports taken kind forward might suitable foreign debt projected central bank reach billion dlrs end said exports totalled billion dlrs first quarter imports billion dlrs fernandez said government targeted gnp growth six pct year cautioned growth far high targets yet achieved fernandez said saw merit arguments economists peso currently pegged dollar ought devalued make country exports competitive pegged dollar basket basis peso already substantially devalued country trading partners said proposed investment code said opposed clause would allow abroad investments made first two years imposition code imposition code scheduled last january delayed objections business groups think central bank certainly one events past two two half years prudent time throw caution winds fernandez said would ideal reach point movement capital earnings free said one year reasonably good results certainly continue fairly heavy drain external simply servicing debts reuter
cincinnati bell starts bid cincinnati bell inc said started previously announced dlr per share tender offer shares computer enterprises inc newspaper advertisement company said tender withdrawal rights expire may five unless extended offer approved board followed merger price conditioned receipt majority voting stock fully diluted basis reuter
industries inc rd qtr net shr cts vs cts shr diluted cts vs cts net vs sales mln vs mln avg shrs mln vs avg shrs diluted mln vs mln nine mths shr cts vs cts shr diluted cts vs cts net mln vs sales mln vs mln avg shrs mln vs avg shrs diluted mln vs mln reuter
opec communique following communique issued conclusion opec conference conference expressed satisfaction positive results agreement signed december opec established system fixed price level dlrs per barrel supported opec production ceilings distributed national production levels conference noted market indicators including spot prices market netback values opec crudes firming significantly thus opec price structure defined agreement conference examined supply demand outlook second half year decided order secure continued firm prices market opec production fourth quarter equal third quarter e mln barrels per day bpd distributed national production levels defined mentioned agreement quarter furthermore conference decided establish committee five heads delegation monitor price market relation opec official prices order secure price stability around opec price structure significant change market prices committee would immediately call extraordinary meeting conference view deciding necessary opec production levels second half year would secure market stability conference reiterated necessity member countries strict adherence agreement signed december terms official price national production levels purpose conference decided establish committee three heads delegation undertake visits member countries order comply terms agreement moreover conference stressed necessity cooperation oil producing exporting countries outside opec essential lasting market stability conference therefore decided reinstate group five heads delegation established th extraordinary meeting conference april undertake necessary contacts countries conference observed continued fall value u dollar agreed matter studied reported next meeting conference conference discussed appointment secretary general decided discuss matter next ordinary meeting conference extended term office al deputy secretary general period one year october next ordinary meeting conference convened vienna december reuter
data med clinical support st qtr loss period ended may shr loss five cts vs loss cts net loss vs loss sales vs note full name data med clinical support services inc per share data adjusted three one stock split payable june sales reflected fiscal period sales recorded subsequent may acquisition assets predecessor company data med reuter
japan india conference cuts gulf war risk charges japan india pakistan gulf japan shipping conference said would cut extra risk insurance shipments iranian iraqi ports minimum three pct pct october said shipments break bulk cargoes non iraqi arab ports would reduced pct conference spokesman declined say move taken time heightened tension gulf reuter
coopervision eye forms recapitalization plan coopervision inc said preparing recapitalization plan includes common stock repurchase program exchange debt securities common stock plan along proposal change name cooper cos inc submitted shareholders approval company annual meeting june meeting postponed original date may order let management review recapitalization options said addition coopervision said operating income current fiscal quarter ending april expected show improvement prior fiscal quarter mln dlrs year ago quarter income continuing operations immediately prior year second quarter reported net loss mln dlrs drexel burnham lambert investor conference coopervision chairman parker montgomery said previously announced bid makes sense shareholders also said coopervision stock fell due second quarter loss rumors liquidation dlrs dlrs share ivan boesky subsequent sale position stock dropped six dlrs three days boesky sold position never recovered montgomery said company stock currently trading montgomery told conference investor stock basis short term recovery operating net income concentration maintaining increasing market share core businesses year next regardless impact bottom line said reuter
intercare care post th qtr loss intercare inc said expects report substantial loss fourth quarter ended january writeoff expenses associated recently terminated debt equity offering company also said write includes expenses associated acquisition u medical enterprises inc restructuring certain partnerships intercare also said increased reserve accounts receivable executives company immediately available provide additional details intercare also said implemented workforce reduction closed two medical centers considering additional closings means reducing working capital deficit reuter
atlas consolidated mining development th qtr shr loss cts vs loss cts net loss mln vs loss mln revs mln vs mln year shr cts vs dlrs net loss mln vs loss mln revs mln vs mln note atlas consolidated mining development corp manila translated philippine pesos pesos dollar vs quarter vs year reuter
korean wholesale prices pct may south korea wholesale price index base rose pct may pct rise april pct higher may bank korea said may consumer price index base rose pct pct gain april year year rise pct wholesale prices rose pct first five months consumer prices rose pct bank officials said rises due strong yen made imports japanese parts raw materials expensive reuter
trans world airlines said carl icahn withdraws acquisition offer
corp th qtr mar net shr nil vs seven cts net vs revs vs avg shrs vs year shr cts vs cts net vs revs mln vs avg shrs vs note earnings year exclude gains due tax loss carryforward dlrs cts share dlrs cts reuter
wine co inc nd qtr net qtr ended feb shr cts vs cts net vs revs mln vs mln six mths shr cts vs cts net vs revs mln vs mln reuter
mercantile bankshares corp rd qtr net shr cts vs cts net mln vs avg shrs mln vs mln nine mths shr dlrs vs dlrs net mln vs mln note net includes pretax securities gains dlrs vs dlrs quarter dlrs vs dlrs nine mths net includes loan loss provisions dlrs vs dlrs quarter dlrs vs dlrs nine mths reuter
reagan says room declines interest rates
burlington bur hearing continue tomorrow u district court judge eugene gordon said plans issue decision tomorrow burlington industries inc request injunction stop samjens acquisition corp takeover bid company wall street sources said outcome case could determining takeover battle burlington largest u textile maker gordon six hours argument today lawyers burlington samjens partnership formed dominion textile inc new york investor asher edelman hearings scheduled continue tomorrow preliminary injunction would hold samjens billion dlr offer case decided burlington previously agreed billion dlr buyout morgan stanley group inc ms one dlr per share lower sweetened dlr per share bid made samjens last week burlington responded new samjens offer burlington alleged lawsuit edelman dominion used illegally obtained confidential information company making takeover attempt information burlington said provided james ammeen former burlington executive painewebber group inc pwj ammeen worked burlington years many divisions pct burlington sales reporting left burlington november burlington said signed contract promising never inside information company burlington lawyers said shortly left began working painewebber employee hostile plan takeover company company management burlington lawyer said samjens lawyers acknowledged received information painewebber argued information public information could obtained either industry analysts burlington public financial statements burlington lawyers said painewebber ammeen met edelman dominion november continued meet couple days edelman dominion went public april intention take company burlington lawyers claim dominion board decided attempt takeover burlington ammeen met board february burlington lawyers said edelman dominion held discussions painewebber ammeen acting financial advisers samjens talks broke painewebber ammeen could satisfy edelman dominion written statement provide inside information lawyers samjens painewebber ammeen withdrew potential advisers burlington chairman frank called painewebber executive threatened legal action painewebber got involved effort takeover ultimate question price per share profit rather standards conduct would takeover american company said burlington lawyer burlington lawyers also burlington largest manufacturer denim united states would violation anti trust laws acquired dominion canada largest textile maker dominion denim manufacturing plants georgia would reduce competition denim market lawyers said samjens lawyers discounted concern said market denim burlington burlington ability switch light weight heavy weight denim production demand price dictate samjens lawyers also pointed lawsuit filed burlington canada said considering bid dominion surely would would gander said samjens lawyer reuter
branch corp st qtr net shr primary ct vs shr diluted cts vs cts net vs assets billion vs billion deposits billion vs billion loans billion vs billion reuter
ecuador crude oil output resume next month ecuador due resume limited crude oil output may new km pipeline neighbouring colombia finished energy ministry spokesman said oil output halted march earthquake damaged km main pipeline linking jungle oilfields lago agrio ecuadorean port balao pacific km new link capable carrying barrels per day bpd built said ecuador pumped bpd earthquake new link lago agrio puerto colon colombia starting point columbia pipeline pacific ocean port government estimates take four months repair lago agrio balao pipeline return output normal levels spokesman said reuter
corp rd qtr loss shr loss cts vs loss cts net loss vs loss revs mln vs mln nine mths shr profit six cts vs loss cts net profit vs loss revs mln vs mln reuter
corona favors royex offer international corona resources ltd said board directors believes terms royex gold mining corp previously announced offer fair reasonable decided make recommendation offer shareholders royex march offered buy four mln corona shares corona share offered four dlrs cash one series b share royex one series c share royex one share purchase warrant also bid corona warrants expiring aug reuter
national westminster bank usa st qtr net rises national westminster bank usa said higher loans core deposit volumes well substantial increase net interest income contributed pct rise first quarter earnings mln dlrs mln reported year earlier earnings gain came despite mln dlr reduction income result placing brazilian loans non accrual net interest income totalled mln dlrs compared mln dlrs period loans mostly middle market businesses increased mln dlrs gains offset low levels interest rates provision loan losses rose mln dlrs mln year earlier march allowance loan losses mln dlrs versus mln end march non accrual loans rose mln dlrs mln end first quarter largely mln dlrs loans brazil put non accrual status bank said loans remain non accrual remainder year net income would reduced mln dlrs national westminster bank usa wholly owned subsidiary national westminster bank plc reuter
conrac cax merger talks several conrac corp started negotiations several interested parties possible acquisition said assurance transaction result talks gave details mark iv industries inc iv started tendering conrac shares dlrs march owned pct conrac starting bid conrac producer marketer computer related information display communications equipment also produces special purpose architectural industrial products owns code phone corp producer telephone machines company reported profits mln dlrs dlrs share sales mln dlrs nearly mln shares outstanding reuter
tanzania raises fuel prices taxes budget government second annual budget since economic recovery program international monetary fund announced increases fuel prices sales tax higher levies government services finance minister said regular petrol would go pct similar increases cost premium diesel would rise pct said government expected spend billion shillings financial year pct year estimate revenue would provide billion shillings leaving deficit billion financed domestic foreign loans reuter
calny inc sets quarterly qtly div four cts vs four cts prior pay may record april reuter
co sets quarterly qtly div cts vs cts prior pay june record may eight reuter
japan unemployment rises record pct may japan seasonally adjusted unemployment rate rose record pct may worst level since government started compiling unemployment statistics government management agency said may rate previous record pct marked set january april year also sharply pct year earlier unadjusted may unemployment totalled mln people mln april mln year earlier agency official blamed industrial restructuring strong yen rise unemployment seasonally adjusted male unemployment rate may rose record pct previous record pct set july compares pct april pct year unadjusted male unemployment totalled mln year earlier unemployment rate may unchanged april record pct year ago rate pct unadjusted unemployment rose yen appreciation continued affect employment manufacturing industries total employed may fell pct year earlier mln reuter
italy shows september overall payments surplus italy overall balance payments showed billion lire surplus september deficit billion august provisional bank italy figures showed september surplus compared shortfall billion lire september first nine months overall balance payments showed deficit billion lire billion deficit period central bank said italy one billion dlr launched last month contributed september surplus reuter
takeover battle dome petroleum begins takeover battle began today debt burdened dome petroleum ltd dmp mo transcanada pipelines ltd trp announced billion dlr offer dome said continuing talks possible buyers companies mentioned market speculation potential buyers dome include imperial oil ltd imo pct owned exxon corp xon n pancanadian petroleum ltd pct owned conglomerate canadian pacific ltd cp n british petroleum co plc bp l along transcanada offer dome another proposal substantial company discussions third company could lead offer dome said statement statement confirmed dome received transcanada bid identify companies involved talks transcanada canada largest natural gas pipeline operator said offering dome package cash common preferred shares shares new subsidiary would operate dome assets transcanada said offer dome management shareholders dome massive oil gas canada totalling mln acres mln developed also tax credits worth billion dlrs dome statement said transcanada announcement violated terms spirit confidentiality agreement entered prospective purchasers apparently prevent dome considering proposals said transcanada bid seems require favourable substantial taxation concessions federal provincial governments dome added management financial advisers evaluate proposals transcanada chief financial officer h nichols said surprised dome statement denied transcanada trying bids find dome statement board made decision proposal legal obligation announce said nichols said know identity bidders terms offers dome common shares closed dlrs friday toronto stock exchange preferred class stock closed dlrs common stock traded high dlrs reuter
st qtr sept loss shr loss nine cts vs loss cts net loss vs loss revs vs avg shrs vs note current year net includes charge dlrs amortization previously capitalized software costs capitalized product development costs dlrs vs dlrs reuter
corp sees first quarter loss corp said expects report loss dlrs five cts per share first quarter compared profit dlrs cts per share year trucking company attributed loss continued rate discounted primary markets flat revenues increased costs including claims expense resulting adverse weather conditions last three months said results outside northeast strong expects show improved results rest year reuter
inc rd qtr march net oper shr dlrs vs cts oper net mln vs mln revs mln vs mln nine mths oper shr dlrs vs dlrs oper net mln vs mln revs billion vs billion assets billion vs billion deposits billion vs billion loans billion vs billion note oper net excludes extraordinary loss mln qtr nine mths prepayment borrowings federal home loan bank board oper also excludes tax credits mln vs qtr mln vs mln nine mths reuter
corp st qtr net shr dlrs vs dlrs net mln vs mln avg shrs mln vs mln assets billion vs billion deposits billion vs billion loans billion pct note results restated pooled acquisitions home bank fidelity trust co include first gibraltar mortgage corp december purchase loan loss provision dlrs vs dlrs reuter
james industries ltd yr march yr ended march shr cents vs final div cents vs making yr vs net mln dlrs vs mln turnover billion vs billion income mln vs mln shrs mln vs mln note div pay aug reg july div thus tax free dividend imputation net tax mln dlrs vs mln depreciation mln vs mln interest mln vs mln minorities mln vs mln extraordinary profit mln vs loss mln reuter
inc th qtr net oper shr cts vs three cts oper net vs revs mln vs mln avg shrs mln vs mln year oper shr cts vs cts oper net vs revs billion vs billion avg shrs mln vs mln note prior year net excludes gains dlrs quarter dlrs year termination pension plans backlog billion dlrs vs mln dlrs reuter
co rd qtr net shr cts vs cts net vs sales mln vs mln nine mths shr dlrs vs dlrs net vs sales mln vs mln reuter
southeast bancorp acts brazilian debt following lead major banks southeast banking corp told securities exchange commission would place mln dlrs medium long term brazilian debt non accrual cash status based current interest rates estimated filing move reduce net income dlrs first quarter mln dlrs company also said believe brazilian debt situation would material adverse effect also said would issue common shares connection acquisition popular bancshares corp reuter
valley co st qtr net qtr ended april shr seven cts vs cts net vs revs vs reuter
century ccc buy puerto co century communications corp said entered agreement acquire assets community cable vision puerto rico associates associated companies mln dlrs century said anticipates ml media partners lp jointly owns century company called cable television co greater san juan join acquisition management community cable century said community cable located san juan puerto rico reuter
orange co inc nd qtr feb net shr profit dlrs vs loss cts net profit vs loss revs mln vs mln avg shrs vs st half shr profit dlrs vs loss dlrs net profit mln vs loss revs mln vs mln avg shrs vs note current year net periods includes gain dlrs sale orange co florida subsidiary american corp net includes pretax real estate disposition loss dlrs vs gain dlrs quarter loss dlrs vs gain dlrs half prior year net includes tax credits dlrs quarter half current half net includes dlr pretax gain dlrs change accounting reuter
mci communications corp rd qtr net shr eight cts vs six cts net mln vs mln revs mln vs mln nine mths shr cts vs cts net mln vs mln revs billion vs billion note rd qtr nine mths include pre tax gains antitrust settlement dlrs dlrs respectively rd qtr includes pre tax gain mln dlrs sale mci subsidiary tax extraordinary loss mln dlrs early redemption pct subordinated notes reuter
doe reaches proposed oil settlements energy department said reached proposed oil pricing settlements totaling dlrs operator four working interest owners well la exploration co inc operated well june january c william rogers drilling partnership inc doe alleged caused dlrs oil newly discovered crude allowed charging higher prices period price controls said proposed settlements would resolve disputes possible violations five parties doe added agreeing settlements five admit violations non compliance regulations said would receive written comments settlements making final reuter
u k court rules rtz oil field costs u k high court dismissed appeal rio tinto zinc corp plc l rtz oil gas ltd unit ruled financial provisions company makes future cost abandoning oil field tax deductible press association reported company appealing decision tax commissioners provision capital expenditure revenue expenditure deductible court told since company made annual provision around stg eventual cost abandoning rig rtz spokesman said ruling worrying subsidiary assumed provisions deductible corporation tax payable would bonus company assumption would said oil analysts said rtz assumption liability shared industry whole ruling appeared mean tax relief expensive process abandoning rigs would apply expense occurred provisions future expenses built accounts one analyst added reuter
colombia opens coffee registrations trade colombia opened export registrations november coffee shipments trade sources said details available reuter
foundation cuts wurlitzer stake r wurlitzer foundation told securities exchange commission cut stake wurlitzer co shares pct total outstanding common stock shares pct foundation said sold wurlitzer common shares march prices ranging dlrs share long foundation stake wurlitzer five pct required report dealings company common stock reuter
leader development merger approved leader development corp said shareholders annual meeting approved acquisition privately held clinton american corp two related partnerships common shares transaction accounted pooling interests company said clinton president f daniel ryan become president leader reuter
singapore external trade gains pct quarter singapore external trade grew pct first quarter pct decline period last year two pct growth previous quarter trade development board said said exports period rose pct billion dlrs imports pct billion trade deficit billion billion deficit period billion deficit previously growth attributed strength non oil trade especially computers computer parts electronic components said reuter
federated guaranty sets stock split federated guaranty corp said board declared two one stock split raised quarterly dividend cts per share post split six cts payable june one record may company said shareholders annual meeting approved increase authorized common shares mln mln name change alfa corp said name change take effect next week along nasdaq symbol change alfa reuter
atlantic american corp rd qtr net shr profit seven cts vs loss cts net profit vs loss revs mln vs mln nine mths shr profit cts vs profit cts net profit vs profit revs mln vs mln note qtr nine mths includes gain dlrs cts per share dlrs cts per share respectively realized gains investments qtr nine mths includes gain dlrs one cent per share dlrs three cts per share respectively realized gains investments qtr nine mths includes charge cts per share strengthening reserve casualty claims reuter
montrose holding acquire virginia federal virginia federal savings loan association said signed definitive agreement acquired montrose holding co affiliate montrose capital corp mln dlrs virginia federal montrose capital said agreement provides conversion virginia federal mutual stock association purchase pct stock mln dlrs montrose according companies virginia federal mln dlrs assets operates branches virginia virginia federal said proceeds would enable provide increased mortgage lending services enable company compete effectively virginia market companies said agreement subject federal home loan bank board approval expected later year additionally companies said converted association would managed board directors consisting six current virginia federal directors two representatives montrose holding senior management virginia federal expected continue office conversion companies said reuter
inspiration cuts copper price ct cts inspiration consolidated copper co subsidiary inspiration resources corp said lowering base price full plate copper cent cents lb effective immediately reuter
coastal cgp crude posting cts bbl coastal corp cgp said raised postings crude oil cts barrel across board effective yesterday june new price west texas intermediate dlrs barrel west texas sour new price dlrs barrel reuter
asian exporters fear damage u japan mounting trade friction u japan raised fears among many asia exporting nations row could far reaching economic damage businessmen officials said told reuter correspondents asian capitals u move japan might boost protectionist sentiment u lead curbs american imports products exporters said conflict would hurt long run short term tokyo loss might gain u said impose mln dlrs tariffs imports japanese electronics goods april retaliation japan alleged failure stick pact sell semiconductors world markets cost japanese estimates put impact tariffs billion dlrs spokesmen major electronics firms said would virtually halt exports products hit new taxes able business said spokesman leading japanese electronics firm electric industrial co ltd tariffs remain place length time beyond months mean complete erosion exports goods subject tariffs u said tom murtha stock analyst tokyo office broker james capel co taiwan businessmen officials also worried aware u threat japan serves warning us said senior taiwanese trade official asked named taiwan trade trade surplus billion dlrs last year pct u surplus helped taiwan foreign exchange reserves billion dlrs among world largest must quickly open markets remove trade barriers cut import tariffs allow imports u products want defuse problems possible u retaliation said paul chairman textile exporters taiwan safe group senior official south korea trade promotion association said trade dispute u japan might also lead pressure south korea whose chief exports similar japan last year south korea trade surplus billion dlrs u billion dlrs malaysia trade officers businessmen said tough curbs japan might allow hard hit producers semiconductors third countries expand sales u hong kong newspapers alleged japan selling cost semiconductors electronics manufacturers share view businessmen said short term commercial advantage would u pressure block imports short term view said lawrence mills director general federation hong kong industry whole purpose prevent imports one day extended sources much serious hong kong disadvantage action restraining trade said u last year hong kong biggest export market accounting pct domestically produced exports australian government awaiting outcome trade talks u japan interest concern industry minister john said last friday kind deterioration trade relations two countries major trading partners serious matter said said australia concerns centred coal beef australia two largest exports japan also significant u exports country meanwhile u japanese diplomatic solve trade stand continue japan ruling liberal democratic party yesterday outlined package economic measures boost japanese economy measures proposed include large budget record public works spending first half financial year also call stepped spending emergency measure stimulate economy despite prime minister yasuhiro nakasone fiscal reform program deputy u trade representative michael smith makoto kuroda japan deputy minister international trade industry miti due meet washington week effort end dispute reuter
diversified industries sell units diversified industries inc plans recover four mln dlrs sale two marginal subsidiaries chairman ben told annual meeting said diversified industries part effort assets wants sell theodore inc liberty smelting works ltd units two either lost money marginal profitability recent years said diversified also said process obtaining six mln dlrs industrial revenue bond financing state connecticut company brass mill plant conn reuter
australia money supply rise pct march australia money supply growth pct march pct months march reserve bank said compared revised rise pct february pct year end february reserve bank said data march affected start operations national mutual royal savings bank ltd resulted transfer deposits equivalent around pct united permanent building society national mutual royal savings bank ltd reserve bank said money supply march billion australian dlrs compared revised billion february billion march deposits private sector held trading savings banks plus holdings notes coins reuter
halcyon stake research halcyon investments new york firm reported pct stake research inc alan partner halcyon told reuters shares purchased investment purposes declined comment june research said entered definitive agreement acquired r c acquisitions inc dlrs per share research closed today unchanged previous close reuter
westinghouse electric corp st qtr shr dlrs vs cts
franklin ohio sets monthly payout mthly div cts vs cts prior pay april reord april note franklin ohio insured tax free income fund reuter
hollinger completes unimedia takeover hollinger inc said completed previously reported acquisition privately held unimedia inc owner three french language daily newspapers four printing plants ontario quebec company owns pct daily telegraph plc said named former carling keefe ltd chief executive pierre des chief executive la societe media quebec unit acquiring unimedia said appointment effective july reuter
first commerce corp st qtr net shr cts vs cts net vs reuter
petro canada crude cts canadian bbl petro canada state owned oil company raised posting prices sweet sour crude oils cts canadian per barrel effective today company said change brings price light sweet crude dlrs canadian per barrel price light sour crude dlrs canadian barrel crude oils edmonton swann hills reuter
partnership ups hbo stake pct andover group great falls va investment partnership seeking control hbo co said raised stake company shares pct total shares pct filing securities exchange commission partnership said bought hbo common shares mln dlrs may group slate candidates seeking board seats said would decide whether submit offer acquire company hbo annual shareholders meeting april postponed reuter
goodyear gt predicts first quarter net goodyear tire rubber co said expects report earnings continuing operations one dlr per share mln average shares outstanding last year first quarter company lost mln dlrs cts per share mln shares outstanding mln dlr writedown oil reserves celeron corp unit goodyear said report first quarter results april goodyear chairman robert e mercer also told annual meeting unless major downturn economy expects work debt normal levels three years restructuring cash flow improved margins company set restructuring program fend hostile takeover attempt sir james goldsmith part restructuring goodyear executed major stock buyback program resulted increase debt reuter
electronic tele communications rd qtr loss shr class loss three cts vs profit cts shr class b loss seven cts vs profit eight cts net loss vs profit sales vs nine mths shr class profit five cts vs profit cts shr class b loss three cts vs profit cts net profit vs profit sales vs note full name electronic tele communications inc reuter
major u oil pipeline shut flooding red river texas oklahoma border shut basin pipeline inch pipeline much barrels per day sweet sour crudes texas okla texaco pipeline co spokesman confirmed water fast get divers assess damage possibility pipeline could end week company source said pipeline roughly two thirds sour crude one third sweet crude oil midland texas region texaco sources said pipeline service restored friday would little problem restoring oil lost flood pipeline days difficult make without would like proration pipeline basin pipeline jointly owned atlantic richfield corp arc shell oil co subsidiary royal dutch shell group rd texaco inc tx pipeline operator peter analyst elders futures inc said crude oil futures contracts new york mercantile exchange rose new highs afternoon following news pipeline break july crude futures west texas intermediate traded dlrs barrel rise cts cash market prices also firmed news sellers wti raising offers dlrs barrel sour crudes would affected pipeline shutdown however slow react news west texas sour alaska north slope holding cts one dlr barrel wti respectively dan stevens manager public government affairs texaco said company hopes fix pipeline five days depend water level red river already evidence water level dropping appears rain stopped area affecting pipeline stevens said said segment pipeline damaged underground distance red river flooded pipeline runs red river nearby according stevens said apparently away potential environmental damage time despite volume oil runs line texaco stevens said surveillance found crude water river lake nearby reuter
fleet financial group st qtr shr cts vs cts
j bildner sees improved results j bildner sons inc said expects improved earnings sales current fiscal year company reported earnings year ended january dlrs year sales mln dlrs mln dlrs bildner also said plans offer mln dlrs eurodollar convertible subordinated debentures due underwriters led painewebber group inc pwj kidder peabody co inc proceeds used finance expansion reduce debt reuter
norway extends pct oil output cut ministry norway extend pct cutback planned north sea oil output support opec july end year oil ministry spokesman told reuters took positive view opec meeting vienna said accord reached means stability oil market shall continue making contribution cuts originally brought february would probably officially approved july parliament said ministry written norway oil companies would discuss best implement cuts opec agreed weekend vienna output ceiling mln barrels per day bpd rest retained fixed prices set december accord based dlr per barrel reference point opec first half output ceiling mln bpd december pact provisionally set third quarter ceiling mln bpd rising mln fourth quarter norway pumps around one mln bpd offshore fields previously said would continue output curbs planned production rest year opec remained within december accord output prices norway oil production rose pct average around bpd since risen around one mln bpd expected reach mln bpd pct cut planned production implemented since february reduced norway oil output bpd norway oil minister currently meeting ministers made official statement latest oil production cutbacks past year several leading non opec producers including soviet union mexico china malaysia egypt also pledged support opec bid keep prices stable norway decided initial round cuts following opec agreement last december boosted oil prices around dlrs per barrel around dlrs last december norway oil pct total export earnings hit hard collapse oil price first half firmer oil prices since brought stability economy helped narrow foreign trade deficit norway north sea britain consistently refused cooperate opec output cuts saying producing oil companies set levels production reuter
franklin massachusetts sets monthly payout mthly div cts vs cts prior pay april reord april note franklin massachusetts insured tax free income fund reuter
kuwait increases stake sime darby kuwait investment office increased stake sime darby bhd mln shares representing pct sime darby paid capital mln shares banking bhd si said since last november aggressively open market buying shares sime darby major corporation interests insurance property development plantations manufacturing shares registered name banking subsidiary nominees bhd beneficial owner reuter
german banker calls special monetary meeting finance ministers major industrial nations hold special meeting deal u dollar sharp decline helmut president west german savings bank association said told reuters finance ministers meet soon take confidence building measures limit damage caused dollar fall separately told newspaper interview released ahead publication tuesday lower dollar artificially talked u officials would damage west german exports cost jobs reuter
entertainment makes buyout offer crazy eddie entertainment marketing inc em said made offer board crazy eddie inc acquire outstanding shares crazy eddie inc eight dlrs share cash entertainment said offer would conducted negotiated merger new corporation formed entertainment marketing said requested early meeting crazy eddie inc board committed mln dlrs toward purchase shares including already purchased company also said retained dean witter reynolds inc assist raising balance financing according entertainment company chairman pct crazy eddie currently outstanding shares additionally company said willing negotiate aspects offer willing consider transaction would tax free crazy eddie shareholders reuter
usx x unit hikes crude oil posted prices marathon petroleum company subsidiary usx corp said lowered posted prices crude oil cts effective date october increase brings posted prices west texas intermediate west texas sour dlrs barrel south louisiana sweet increased dlrs barrel several oil companies permian corp coastal corp cgp said moved prices effective last friday day sun co sun announced cts barrel increase dlrs barrel reuter
group cuts zondervan stake pct one several investor groups formerly associated london investor christopher moran unsuccessful bid take zondervan corp last year said cut stake company less five pct filing securities exchange commission group led investors lawrence james said cut zondervan stake shares pct total shares pct group earlier month said sec filing wanted join groups maximize share values said sold shares june mln dlrs group joined moran group last year combined pct stake zondervan unsuccessful takeover try last month moran group broke various moran withdrew takeover effort last reported personal stake pct group led capital corp california broker pct stake another one led minneapolis stockbroker jeffrey pct made recent sec filings saying seeking agreements parties may want seek control company reuter
washington water power rd qtr loss shr loss cts vs profit two cts net loss vs profit revs mln vs mln nine mths shr profit cts vs profit dlrs net profit mln vs profit mln revs mln vs mln reuter
clevite industries says j p industries offered dlrs share buy company
magma raises copper price ct cts magma copper co subsidiary newmont mining corp said raising copper cathode price cent cents lb effective immediately reuter
corp rd qtr net shr profit cts vs loss cts net profit vs loss revs mln vs mln nine mths shr loss eight cts vs loss cts net loss vs loss revs mln vs mln note qtr nine mths includes gain dlrs three cts per share utilization tax loss carryforward reuter
petro canada raises crude postings cts canadian bbl sweet crude dlrs canadian bbl
fed allows citicorp cci sears thrift deal federal reserve board said approved citicorp application purchase subsidiary citicorp savings calif assets assume liabilities sears savings bank calif citicorp savings proposed assume two billion dlrs deposits liabilities purchase billion dlrs assets branch offices sears savings proposal involved less one third assets liabilities sears savings owned sears roebuck co fed said generally determined potentially adverse effects allowing banks savings loan associations although allowed bank holding companies acquire failing thrifts said citicorp proposal properly may viewed acquisition certain assets liabilities l branches rather acquisition l citicorp savings successor failed fidelity savings loan association assets billion dlrs operates branches california mainly north sears savings billion assets branches southern california application approved unanimously eliminate sears savings competitor fed said reuter
jardine matheson replaces b share bonus issue jardine matheson holdings ltd jard hk said withdraw previously announced four one bonus issue b shares replace two five bonus issue ordinary shares statement said firm expects pay total dividends less cents share expanded capital jardine matheson decided withdraw issue joint announcement earlier today ronald li chairman stock exchange hong kong securities commissioner ray new b shares would barred official announcement said include proposal jardine matheson jardine statement quoted chairman simon keswick saying continue believe issuing b shares would benefit shareholders regret given opportunity vote matter stage keswick said b share issue benefit jardine matheson shareholders giving firm flexibility issue ordinary shares expansion future without existing shareholders voting rights however added certainly welcome secretary monetary affairs david important matter standing committee company law reform hopeful process lead development general principles hong kong market reuter
bancshares inc rd qtr net shr cts vs cts net vs nine mths shr dlrs vs dlrs net vs reuter
trw inc trw sets pact tektronix tek trw inc trw international inc unit said set pact tektronix inc semiconductor unit jointly supply devices space applications part agreement two working together establish procedures produce class military space use components makes integrated circuits reuter
allegheny international ag sells three units allegheny international inc said sold railway products inc true railway appliances inc allegheny co units newly formed railway products inc undisclosed terms said new company formed senior management three railway product units kleinwort benson group london reuter
datacard adopts dividend rights plan datacard corp said adopted dividend rights plan response deluxe check printers inc agreed sell pct interest datacard national computer systems inc datacard declared dividend distribution one preferred stock purchase right outstanding share common stock dividend designed deter national computer potential suitors preventing datacard evaluating alternatives maximize shareholder value datacard said national computer told reuters june could make bid datacard june datacard filed suit county district court minnesota block sale pct stake stock national computer announcing rights plan datacard said designed deter takeovers would consistent objective stockholders value datacard stockholders rights become exercisable days announcement person group acquired beneficial ownership pct datacard common stock exercisable right would entitle holder buy th share datacard series junior participation preferred stock dlrs holders would entitled purchase six months right becomes exercisable number shares new preferred stock market value equal twice exercise price rights rights dividend distribution payable july shareholders record july reuter
first interstate expects brazil ecuador loan actions cut net mln dlrs
national guardian makes acquisitions national guardian corp said acquired number security services companies recently aggregate revenues dlrs aggregate cost dlrs said acquired guard service companies c c security service n j cartel security consultants inc guard services division security services america wayne n j capital investigations protective agency n j meyer agency inc national park n j company said bought service operations security services inc key west fla custom security services beach c e security group inc houston nashville tenn offices wells fargo services reuter
laboratories inc sets quarterly qtly div cts vs cts prior pay may record april reuter
national corp rigs st qtr net shr cts vs dlrs net vs avg shrs vs assets billion vs billion loans billion vs billion deposits billion vs billion note gain sale securities mln vs mln loan loss provision dlrs vs mln reuter
dart group drops dayton hudson dh takeover bid dart group corp darta affiliate partners said given current market conditions dropped takeover bid dayton hudson corp company said sold mln mln shares dayton hudson stock said intends sell rest dayton hudson shares current market levels would suffer mln dlr loss holding spokesman said dart said solicit authorization call meeting dayton hudson shareholders dart offered buy dayton hudson dlrs per share valuing minneapolis based retailer billion dlrs offer rejected company following selloff takeover stocks last week market decline week dayton hudson stock closed today dart holdings amounted five pct dayton hudson dart spokesman said mln shares sold market today reuter
tandy corp st qtr sept net shr cts vs cts net mln vs mln revs mln vs mln avg shrs mln vs mln reuter
stanadyne purchases stake stanadyne inc said acquired majority p outstanding stock corp successor united technologies corp diesel systems division undisclosed terms addition purchase majority italy based company stanadyne said acquired minority interest u operation headquartered columbia c reuter
italy la report higher profits italian insurer la spa mi said expects report consolidated group profit significantly higher billion lire reported company said statement parent company net profit last year rise billion lire reported consolidated group premiums totaled billion lire compared billion previous year mi financial services unit montedison spa mi controls largest single stake based pct reuter
southmark sm acquires berg ventures southmark corp said acquired berg ventures inc manages apartment units shopping centers stretching new jersey florida controlled affiliated berg harmon associates terms disclosed southmark said acquisition makes nation largest apartment management firm units wing southmark also said become managing partner berg harmon associates berg harmon limited partners made capital investments mln dlrs properties managed southmark reuter
industries inc st qtr net shr profit six cts vs loss cts net profit vs loss revs vs reuter
gateway offer westworld gateway medical systems inc said withdrawn may offer acquire westworld community healthcare inc company said remains interested acquiring westworld hospitals attempt continue negotiations westworld reuter
deutsche bank chief says louvre pact still intact deutsche bank ag joint chief executive wilhelm christians said believed louvre accord currency stability still intact christians told news conference met u treasury secretary james baker last two weeks short term german interest rates risen twice sure marks dollar still within louvre agreement see accord terminated christians said responding questions comments baker said louvre accord still operative criticised rises west german interest rates reuter
itc use documents court evidence international tin council itc intervened high court hearing attempt prevent presentation internal council documents evidence intervention shearson lehman action london metal exchange ring tin contracts likely implications cases council involved following collapse buffer stock operations october itc delegates said itc case presented professor expected take one two days next week court sit tomorrow council claiming status similar foreign embassy therefore used english court law council ended quarterly session today ahead schedule meeting expected go tomorrow european community legal advisers due attend delegates reviewed progress various legal actions today otherwise meeting occupied internal administrative matters delegates said itc continue operate reduced staff june following two year extension sixth international tin agreement well dealing ongoing litigation council continue statistical work carry research studies although staffing research department cut one two previously week session council elected philip australia first vice chairman producing members heinz hofer switzerland second vice chairman consumers year july future quarterly sessions scheduled october december reuter
industries inc st qtr net shr cts vs cts net vs revs mln vs mln avg shrs mln vs mln note net reflects interest expense debt incurred finance recapitalization oct prior year earnings restated reflect recapitalization plan reuter
gunnar gold venture agreement gunnar gold inc said mill city gold inc signed option joint venture agreement gold inc gold property ontario gunnar said mill city earn pct interest option buy gold mine spending five mln dlrs exploration development feasibility studies said companies may form joint venture partnership bring mine full commercial production reuter
cts corp cts rd qtr oper net oper shr profit cts vs profit seven cts oper net profit vs profit revs mln vs mln nine mths oper shr profit dlrs vs loss cts oper net profit vs loss revs mln vs mln note period ended september results exclude extraordinary gain net loss carryforward dlrs three cts shr rd qtr dlrs cts nine mths nine mth results exclude earnings discontinued operations dlrs dlrs reuter
corp st qtr sept net shr cts vs cts net vs revs mln vs mln avg shrs mln vs mln reuter
french industrial production rises february french industrial production rose seasonally adjusted three pct february pct fall january national statistics institute insee said figure excludes construction public works put february index base january insee changed base year last month reuter
aristech says st qtr shr estimate right aristech chemical corp chairman chief executive officer thomas marshall said analysts estimates fiscal year earnings dlrs dlrs per share right addressing gathering analysts institutional investors marshall also said analysts estimates first qtr earnings cts cts per share marshall said full year estimates represent pct increase fiscal year net dlrs per share also said first quarter estimates pct higher first quarter net cts per share marshall first quarter earnings growth several factors including sustained demand aristech major domestic markets continued growth exports aristech plans spend approximately mln dlrs capital investments next three years marshall added reuter
campeau unit sell campeau corp said allied stores corp entered definitive agreement sell division corp mln dlrs transaction expected close july company said net sales fiscal mln dlrs company said campeau said expects sell remaining allied divisions near future campeau announced first agreement sell allied unit april company said reuter
unisys corp uis rd qtr net shr primary cts vs cts shr diluted cts vs cts net mln vs mln revs vs billion avg shrs primary mln vs mln avg shrs diluted mln vs mln nine mths shr primary dlrs vs dlrs shr diluted dlrs vs dlrs net mln vs mln revs billion vs billion avg shrs primary mln vs mln avg shrs diluted mln vs mln note earnings per share restated reflect split effective july results three nine mths includes results july sperry corp acquired sept net income reflecting ownership sperry pct months july august pct month sept revenue periods reflects reclassification revenue divested sperry operations income effect net income reuter
colombo defend waters india sri lanka today ordered armed forces defend island territorial waters india prepared send relief supplies colombo says want peninsula sudden crisis sri lanka giant prime minister told parliament territorial limits nobody allowed president ordered army navy air force protect island territorial waters said round house new delhi indian spokesman said plan send small boats red cross supplies tomorrow would go ahead despite colombo objections confrontation latest result long bitter conflict sri lanka majority minority strong cultural links india mln reuter
canada trade rise seen start recovery canada trade picture considerably economists predictions sector would post long recovery year federal government reported today monthly surplus soared billion canadian dlrs february double january mln dlrs surplus sharply higher february mln dlr beginning trend said richardson canada ltd economist clark toronto economists generally expect large gains next months looking upward trend throughout year thought trade balance would improve year certainly looks morning figure indicative commented economist james toronto securities firm midland ltd statistics canada reported surplus driven pct gain automobile product exports record billion dls month recovery automotive sector helped push value exports pct february agency said monthly report total exports expanded billion dlrs billion dlrs february imports slipped billion dlrs billion dlrs economists predicted trade surplus would end three five billion dlrs higher last year billion dlr total surplus billion dlrs money market analysts said positive trade news touched modest rally canadian dollar rose u cts north american markets early morning closing cts wednesday currency around cts early afternoon trading economists banking improved trade performance year stimulate otherwise sluggish canadian economy money market analysts said positive trade news touched modest rally canadian dollar rose u cts north american markets early morning closing cts wednesday currency around cts early afternoon trading economists banking improved trade performance year stimulate otherwise sluggish canadian economy say country consumers spending pace recent years sharply curtail outlays year help curtail flow imports country meanwhile demand canadian exports united states far country largest market expected strong result projected rise american consumer spending relatively low value canadian currency maintain going drive canada export performance income growth u said midland bank nova scotia deputy chief economist warren less optimistic u outlook said could mistake read much february trade upturn said given fact u economy showing signs weakening particularly car sales would indicate part strength canada trade figures probably reuter
international st qtr sept shr cts vs cts net vs revs mln vs mln avg shrs vs note full name company international industries inc reuter
science accessories ends purchase talks science accessories corp said ended talks acquiring privately held electronics inc could reach satisfactory terms reuter
safety kleen sk completes acquisition safety kleen corp said completed acquisition pct interest enterprises mln dlrs stock cash based toronto used oils auto car dealers businesses annual revenues mln dlrs reuter
marine corp rd qtr net shr cts vs cts net vs nine mths shr cts vs cts net vs reuter
proxmire outlines insider trading legislation senate banking committee chairman william proxmire wis said planned introduce legislation shortly require greater public disclosure corporate takeovers treatment shareholders speaking national association manufacturers proxmire said recent insider trading stock increased chance congress act curb proposing legislation would provide disclosure would shareholders would insure takeovers properly financed said among provisions bill would reduce threshold securities exchange commission investor group acquired percentage stock company three pct current five pct threshold within days proxmire said addition would pre requirement investor intended three pct would filed sec proxmire said pre notification requirement meant prevent arbitragers jump general public knowing coming takeover attempts proxmire said would call extending period tender offer must kept open williams act business days current business days bill would provide private suits acquiring company violated time period tender offer correct financing takeovers proxmire said legislation would aim current margin properly enforced federal reserve board pct margin requirement purchasing stock proxmire said generally enforced hostile takeovers rather groups individuals leading takeover declare raise capital takeover without actually putting money proxmire said said bill would allow private suits damages failure meet federal reserve pct margin requirements bill also would require disclose several investors form alliance hostile takeover pickens icahn get together want people know proxmire said proxmire said favored approach used britain towards two tender offers shareholders equal treatment said expected amendments bill also would cover defensive mechanisms green mail poison proxmire said intended introduce bill later month predicted senate committee would act spring said hopeful congress could pass bill year reuter
european american bancorp rd qtr net net vs nine mths net mln vs mln note company owned consortium european banks reuter
china wants buy tonnes pakistani cotton china negotiating pakistan buy tonnes cotton year importing amount last year barter agreement chinese sources said chinese ambassador tian told meeting pakistani thursday china intended increase imports pakistan reduce trade imbalance pakistani officials estimate country cotton output current crop record mln bales pounds last year output totalled mln bales domestic consumption three mln bales said reuter
phelps dodge seeks diversify copper phelps dodge corp prepared make another large non copper acquisition deal could struck near future chairman g robert durham said durham told reuters company examining potential candidates yet talking acquisition must different economic cycle copper said phelps dodge largest u copper producer last year paid mln dlrs chemicals co makes carbon black used rubber tires purchase part strategic plan diversify match earnings copper non copper operations company could spend mln mln dlrs buy another non copper firm durham said citing mln dlrs cash mln dlrs bank credit reuter
reagan says u allies must honor accords exchange rate stability
federated group inc st qtr loss period ended may shr loss eight cts vs profit six cts net loss vs profit sales mln vs mln reuter
u k money market given mln stg help bank england said provided market mln stg assistance afternoon bringing total assistance day mln stg shortly bank said revised estimate shortage mln stg earlier forecast mln afternoon bank bought mln stg band two bank bills pct two mln stg local authority bills plus mln stg bank bills band four pct rates cases unchanged previous intervention levels reuter
u plans role gulf united states responded apparent iranian rhetoric continued assurances expanded military force gulf would play purely role emphasize role going safety american shipping shipping related war state department spokesman charles told reporters asked iranian claims united states moving towards brink armed conflict iran tehran radio quoted defence spokesman ali telling visiting nicaraguan delegation yesterday moment united states moving towards brink armed us concerned believe u presence war make nation even serious determined stand firm certainly win united states disclosed last week gulf fleet seven warships also sending missouri outside strategic strait hormuz gulf buildup ties u plans kuwaiti oil tankers registered fly american flag gain naval protection iranian attacks asked iranian rhetoric white house spokesman marlin fitzwater said comment response iranian statements position made clear status events gulf want end war winners activities statements tend war increase welcome said could independently confirm reports iran offered halt attacks gulf shipping reuter
need bigger allied force gulf played secretary state george shultz said today boost allied forces mideast gulf vital protect shipping attack possible allied contributions examined asked saw need greater military presence allies gulf shultz told reporters necessarily particularly said adequate force needed deter attack noted british french well united states maintained naval look things others might said reuter
mercury savings loan rd qtr loss shr loss cts vs profit cts net loss vs profit nine mths shr profit cts vs profit dlrs net profit vs profit note full name mercury savings loan association reuter
general partners cuts stake gencorp gy general partners told securities exchange commission reduced stake gencorp inc pct pct selling shares price equal dlrs per share general partners includes holdings inc general acquisitions inc said yesterday dropping dlr share hostile takeover bid gencorp gencorp move buy back shares dlrs reuter
u business loans fall billion dlrs business loans books major u banks excluding acceptances fell billion dlrs billion dlrs week ended april federal reserve board said fed said business loans including acceptances fell billion dlrs billion dlrs reuter
white house says u monetary policy correct white house remarks administration budget chief said federal reserve current course monetary policy appropriate administration feels current course monetary policy appropriate white house spokesman marlin said fitzwater said administration endorse remarks white house budget chief james miller said concerned federal reserve might decline value u dollar raising interest rates
atlantic independence merge south atlantic financial corp said agreed principle merge independence holding co new company called safco international ltd said south atlantic share would exchanged one safco share independence share safco shares independence owns pct south atlantic mln primary common shares south atlantic said said chairman chief executive officer gordon would posts safco independence president ronald g would president safco company said transaction subject execution definitive agreements receipt fairness opinions investment banks approval boards shareholders companies said proxy materials expected quarter south atlantic independence insurance companies reuter
renta seeks cannon group assets spanish property firm renta sa negotiating buy property assets u media company cannon group inc renta finance director jose luis sanchez said sanchez told reuters renta chairman juan antonio currently u negotiate deal declined give details luxembourg based holding company italian financier around billion pesetas july acquire pct stake renta spanish daily newspaper el said cannon property assets sought renta included film studios britain chain europe u reuter
martin processing inc st qtr net oper shr cts vs cts oper net vs sales mln vs mln note net excludes dlr gain discontinued machinery division reuter
jwt group jwt sues wpp group plc jwt group inc said filed suit wpp group plc enjoin company continuing tender offer company said charged former jwt group unit executive john peters breached fiduciary duty disclosing confidential information company clients company said suit filed new york state supreme court seeks halt ongoing highly confidential proprietary information concerning jwt clients defendants suit wpp group units peters january director j walter thompson co jwt group main subsidiary president chief operating officer jwt said asked court enjoin defendants acquiring jwt stock make return confidential proprietary information profits gains company said also asked court award jwt unspecified damages reuter
usda estimates ussr grain imports mln tonnes vs march year ago
alcan raises aluminum prices two cents lb alcan aluminum corp subsidiary alcan aluminium ltd said increased u primary aluminum prices two cents lb effective yesterday new prices cents lb ingot cents extrusion billet company said reuter
corp rd qtr net shr cts vs dlrs net vs sales mln vs mln nine mths shr dlrs vs dlrs net vs sales mln vs billion reuter
price co rd qtr june seven net shr cts vs cts net mln vs mln sales mln vs mln avg shrs mln vs mln nine mths shr dlrs vs net mln vs mln sales billion vs billion avg shrs mln vs mln note twelve week periods reuter
us says canadian israeli pacts spur trade trade representative clayton yeutter said monday u free trade agreements canada israel help pave way global trading system said canadian israeli pacts set back worldwide reform efforts general agreement tariffs trade gatt critics feared help gatt talks began year ago punta del este uruguay global trading system include trade agriculture services banking yeutter made remarks u israeli trade meeting second year bilateral accord canadian u pact signed two sides two weeks ago yet approved u congress canadian parliament two free trade agreements would gradually remove tariffs barriers cross border trade goods many services yeutter said canadian israeli pacts countries realized want continue access world largest market better get serious improving gatt pact israel said gradually increasing shipments ways canadian pact substantially increase gross national products countries yeutter also said canadian israeli pacts serve important progress gatt yeutter said increasing trade one enhanced political economic stability around globe said stronger gatt enhance advanced industrial nations also countries need increase trade order better standards living yeutter added important risk progress made israeli canadian trade pacts protectionism referring trade legislation pending congress would force united states take retaliatory actions nations large trade surpluses united states countries unfair trade legislation prompted growing u trade deficit hit billion dlrs last year still rising yeutter said pressures congress act hard resist pending legislation would undermine president reagan efforts world trade yeutter renewed threat white house veto said president reagan veto bill contains serious believe veto would sustained reuter
u bancorp st qtr net shr cts vs cts net mln vs mln avg shrs mln vs mln reuter
corp rd qtr net shr cts vs cts net mln vs mln sales mln vs mln avg shrs mln vs mln nine mths oper shr dlrs vs cts oper net mln vs mln sales billion vs billion avg shrs mln vs mln note nine mths net includes mln dlr provision restructuring excludes mln dlr gain sale discontinued glass business dlr gain discontinued operations quarter orders mln dlrs vs mln dlrs backlog mln dlrs vs mln dlrs reuter
brooklyn union seen hurt pipeline closure brooklyn union gas co new york gas utility see gas costs sharply result transco energy co e decision close pipelines transport spot gas sales energy industry analysts said brooklyn union fourth largest gas utility united states purchased pct supplies spot non contract market proportion spot supplies estimated much higher five months analysts said texas eastern pipelines competing pipeline deliver spot gas producing areas south closed station summer brooklyn union relied entirely transco spot supplies month may brooklyn union paid two dlrs per mln british unit spot gas contract gas costs four five dlrs per mln btu industry sources said transco announced yesterday would longer provide open access transport spot natural gas customers fear accumulating take pay liabilities take pay contracts pipelines pay producers gas even delivery taken customers brooklyn union continue receiving small amount supplies minor fields clause brooklyn union official said foster gas analyst dean witter reynolds said rising cost union passed rate net effect company known several months time lag deferred earnings end users especially residential commercial customers end paying gas said closure takes place summer months gas demand seasonal low impact cash flow would small natural gas analyst donaldson lufkin jenrette said situation winter heating season high cost gas could cut company profits said gas utilities along eastern relying transco spot gas north carolina natural gas co piedmont natural gas co face high cost factor brooklyn union richards supply manager end users supply system houston based natural gas firm said companies victims take pay dispute transco producers said distributors turned transco request inventory charge reserves pipeline facility spot gas delivered companies said without spot supplies high cost system gas threaten drive away large customers capable shifting alternative fuels said absence guidelines inventory charges federal energy regulatory commission matter negotiated pipelines customers richards said transco refused transport cheap spot gas distributors likely conciliatory inventory charge said cool heads said may take reuter
plains petroleum co rd qtr net shr cts vs cts net vs revs vs nine mths shr cts vs cts net vs revs mln vs note adopts accounting changes rd qtr per share results restated cts cts share nine mths reuter
donald regan says u ease credit supply donald regan president reagan former chief staff said government money supply try keep interest rates try reduce federal budget trade deficits avoid recession think face trying preserve economy one time chairman merrill lynch co inc mer said interview television network got money got keep interest rates afford let go means going work twin deficits budget deficit trade deficit regan said certainly tighten money particular moment regan said asked prospects recession following monday price drop wall street think create conditions money supply happened went major recession think one thing got avoid right regan also called government impose restrictions program trading think exaggerated decline think something must stop said reuter
professor lifts banc texas preferred stake university massachusetts finance professor said raised stake banc texas group inc shares dlr cumulative preferred stock pct total shares pct filing securities exchange commission ben branch also said bought shares class cumulative convertible preferred stock pct total dlrs bringing total investment preferred series dlrs branch said bought stock investment reserved right try influence company reuter
usda spring potato estimates u agriculture department estimated spring potato production based april conditions cwts lbs vs cwts indicated last year department estimated spring potato area harvest acres vs acres estimated last month acres harvested last year spring potato yield per harvested acre forecast cwt per acre vs cwt per acre year ago usda said reuter
commonwealth bank cuts australia prime pct commonwealth bank australia said lower prime lending rate pct effective april bank new rate lowest australia current prime rates range pct recent series reductions since late march following easier trend short term money market rates two three major trading banks prime rates pct one commonwealth move increase pct early february reuter
new generation products makes acquisition new generation products inc said acquired pct ownership personal protection inc new generation said personal protection developing group personal care products effective variety contact u export markets reuter
platinum demand estimated pct higher demand platinum could reach mln ounces compared estimated offtake mln chris clark platinum marketing director johnson matthey plc said clark told meeting minerals research organisation foresaw ounce increase consumption use currently largest single application platinum consumption set rise ounces clark predicted speech text released london today clark said forecast allowed modest increase investment buying may well cautious said south africa likely source additional supplies need increase output ounces meet increased demand capital investment required produce additional output would around one billion u dlrs political climate may make difficult raise money said soviet union whose exports declined since might increase sales west ounces clark said probability growth demand set massive investment required expansion expansion viable south africa leads conclude price platinum substantially medium long term clark said reuter
lawson welcomes reaffirmation louvre accord u k chancellor exchequer nigel lawson welcomed monday reaffirmation u west germany louvre accord aimed stabilising currencies office said lawson welcomed outcome meeting u treasury secretary james baker bundesbank president karl otto poehl west german finance minister gerhard stoltenberg frankfurt meeting bonn finance ministry spokesman quoted stoltenberg saying confident foreign currencies could around current levels meeting came baker criticised west germany increasing key interest rates saying line last february louvre accord reuter
loral corp nd qtr sept shr cts vs cts net mln vs mln revs mln vs mln six mths shr dlrs vs dlrs net mln vs mln revs mln vs mln backlog billion vs mln note year ago qtr six mths included net charge four cts per shr representing difference gain sale securities write certain nonrecurring costs addition six mths includes mln dlr gain sale unit one mln dlr writedown minority interest investment results qtr six mths current year include loral systems group formerly goodyear aerospace acquired march reuter
research inc th qtr march shr cts vs four cts net vs sales mln vs year shr cts vs cts net vs sales mln vs mln reuter
norway boosts oil output pct september norway september oil output rose pct mln barrels per day bpd bpd august according reuter survey firms operating operators said sharp rise reflected higher output several norway biggest fields resumed production fields shut days august ekofisk field rescue project industry analysts said increase exceed norway voluntary move curb pct planned growth oil output move designed back opec led efforts stabilise oil prices limiting supplies world crude markets norway opec member decided june extend production restraints enforced since february north sea fields rest year oil minister said last month expected norway would extend policy slowed production growth biggest increase seen ekofisk field pumped bpd september bpd august field operator phillips petroleum norway inc said ekofisk nearby fields use ekofisk pipeline shut august phillips raised ekofisk platforms counter bp petroleum development norway ltd operator field said september output rose bpd dropping bpd august shutdown operated amoco norway flowed bpd last month compared bpd august company said september production also sharply higher field norway pct share extends british north sea sector bpd bpd august operator den norske stats oljeselskap statoil said norway pct share field like extends british sector yielded bpd september slight bpd decrease previous month norwegian partners british operated field said statoil boosted output field bpd september compared august norsk hydro operator field said test output field mobile production ship petro totalled bpd last month sharply bpd august hydro said drop caused failure bring stream second well cutting september production two days reuter
bonn ministry comment baker remarks west german finance ministry declined comment weekend criticism u treasury secretary james baker recent west german interest rate increases baker said u would examine february louvre accord stabilise currencies reached leading industrial democracies rise west germany short term interest rates spirit agreement nations washington reaffirmed louvre pact said finance ministry spokesman asked official ministry reaction baker remarks said could make comment reuter
canadian bank rate rises week canada key bank rate rose pct pct week bank canada said bank rate set percentage point average yield weekly issue day treasury bills week yield pct compared previous week pct tenders accepted billion dlrs day bills average price dlrs dlrs last week billion dlrs day bills priced average dlrs dlrs last week yield average pct versus pct last week mln dlrs day bills priced average dlrs dlrs last week yield average pct versus pct last week tenders received next week billion dlrs day bills billion dlrs day bills mln dlrs day bills reuter
barco board approves leveraged buyout california said board approved offer chairman kenneth president michael purchase outstanding barco common shares dlrs per share leveraged transaction currently pct company outstanding shares barco said also said vice chairman david family members pct barco shares agreed sell stock offering price reuter
baker remarks aimed confirming accord miyazawa japan finance minister kiichi miyazawa said remarks u treasury secretary james baker sunday nations abiding spirit louvre accord aimed reaffirming agreement agreement cooperate stabilising currencies reached paris february year finance minister made remark news conference followed morning cabinet meeting reuter
industries inc hc st qtr net period end may shr profit four cts vs loss cts net profit vs loss revs mln vs mln reuter
lynch plans offer becor bcw stock lynch corp said offer dlrs share cash dlrs subordinated debentures share new company becor western inc share outstanding lynch said proposed offer substantially offer dlrs share cash dlrs senior sinking fund debentures made bcw acquisition inc formed becor management lynch chairman mario gabelli heads group owns pct becor mln outstanding shares said lynch bid one dlr better present offer gabelli previously said filing securities exchange commission felt becor buyout lynch officer said invited becor shareholders make offer following sale becor aerospace subsidiary february management group led president william winter announced plans mln dlr leveraged buyout planning take becor mln dlrs shareholder vote buyout offer scheduled june four reuter
marcade group mar plans acquisition marcade group inc said agreed principle acquire prominent privately held maker sports wear cash shares options purchase marcade common valued mln dlrs fiscal year recently ended marcade said company acquired owns five u manufacturing facilities one offshore revenues mln dlrs pretax earnings four mln dlrs reuter
savings bank fsb rd qtr net shr cts vs cts net vs nine mths shr dlrs vs dlrs net vs assets mln vs mln deposits mln vs mln loans mln vs mln note nine mths includes gain dlrs cts per share utilization operating loss carryforward qtr nine mths includes gain dlrs cts per share dlrs dlrs per share utilization operation loss carryforward reuter
sosnoff reduces caesars world caw stake new york investor martin sosnoff said reduced stake caesars world inc common stock shares pct company common stock outstanding pct sosnoff tried unsuccessfully acquire caesars world earlier year said filing securities exchange commission sold caesars world shares october dlrs dlrs share sosnoff said holds caesars world stock primarily investment purposes also said reserves right alter intentions time reuter
waste management wmx board modulaire buy waste management inc said directors approved may accord modulaire industries waste management would acquire modulaire agreement modulaire stockholders would receive dlrs waste management stock modulaire share modulaire scheduled special shareholders meeting july vote merger waste management said received proxies holders pct modulaire common stock could voted favor merger hart scott waiting period takeover expire june reuter
canada consumer price index pct may canada consumer price index rose pct may base following pct rise april pct rise may statistics canada said may year year rise pct compared pct rise april reuter
corp rd qtr net shr profit three cts vs profit nine cts net profit vs profit revs vs avg shrs vs nine mths shr loss cts vs profit cts net loss vs profit revs mln vs mln avg shrs vs reuter
fed johnson sees easing inflationary fears federal reserve board vice chairman manuel johnson said inflationary expectations financial markets eased since fed last half point increase discount rate pct seen kind forces develop think satisfied since last discount rate move johnson said fed chairman alan greenspan said recent discount rate increase september largely aimed inflationary fears financial markets said largely unfounded reuter
gateway bancorp inc st qtr net shr cts vs cts net vs deposits mln vs mln note per share amounts adjusted reflect one stock split effective sept reuter
holdings reduces bpcc stakes holdings ltd associate companies said sold mln ordinary shares british printing communication corp plc l mln plc together securities total price given company said proceeds sales would used fund expansion programme worldwide acquisition company said following sales ordinary shareholdings bpcc remained pct said intention reducing holdings either company reuter
industries inc first qtr net shr cts vs four cts net dlrs vs dlrs revs mln dlrs vs mln dlrs note first quarter ended may reuter
first eastern corp st qtr net shr cts vs cts net vs note share adjusted two one stock split january reuter
e f hutton group inc efh rd qtr net shr cts vs cts net vs revs mln vs mln nine mths shr dlrs vs dlrs net mln vs mln revs billion vs billion note net includes mln discontinued mln tax gain sale e f hutton insurance group mln extraordinary gains loss carryforward net included mln discontinued extraordinary credit mln utilization loss carryforwards reuter
vw says mln marks maximum currency losses losses volkswagen ag vowg f vw linked alleged foreign currency fraud exceed mln marks provision already made vw spokesman said spokesman commenting vw confirmed would pay unchanged mark dividend ordinary shares business despite provision one west german newspaper today quoted foreign currency dealers frankfurt speculating total losses currency affair could high billion marks vw spokesman described mln marks upper limit vw said statement following today supervisory board meeting discussed foreign currency scandal detail setting new probe foreign currency activities carried unnamed company vw said computer programs documents alleged fraud believes transactions intended protect possible foreign currency losses completed vw former foreign currency chief arrested monday suspicion justice earlier vw said results would match profits vw group net profit mln marks parent company net mln marks also said recommend unchanged dividend supervisory board company also set dividend marks new preference shares issued last year analysts described held dividend move reassure worried shareholders vw increased nominal capital marks last year billion marks result total dividend payment mln marks compared mln since new capital preference shares share analysts say vw dig reserves order maintain disclosed profit levels end vw parent company reserves slightly less three billion marks reuter
group ltd th qtr aug net shr cts vs cts net mln vs mln revs mln vs mln nine mths shr cts vs cts net mln vs mln revs mln vs mln avg shrs mln vs mln reuter
arkansas best corp rd qtr net shr diluted cts vs cts net vs revs mln vs mln nine mths shr diluted cts vs dlrs net vs mln revs mln vs mln reuter
metal bulletin zinc producer price london based trade journal metal bulletin average producer price good ordinary brand zinc week ended april dlrs per tonne reuter
arco arc spin seen mln dlrs atlantic richfield co considering spin pct interest chemical operations could gain mln dlrs deal industry analysts estimated yesterday arco stock jumped much five points rumors spinning chemical operations based mln outstanding shares market valuing spin mln dlrs analysts said atlantic richfield aware rumors issued statement around mid day considering sale pct unit leading investors take profits announcement company stock retreated closing today smaller deal expected somewhat disappointing said analyst george baker smith barney said rumors spin around couple days baker said unit profitable getting type exposure atlantic richfield sought value reflected company stock price industry analyst richard sanford c bernstein said unit operating earnings mln dlrs last year expected earn mln dlrs year based multiple times earnings says chemical companies sell entire unit worth three billion dlrs putting pct interest around mln dlrs said thought company selling stake chemical margins peaked speculated company would use proceeds pay debt added possibility remained deal would fall yesterday arco said proposal yet presented board chemical unit last year revenues billion dlrs reuter
ab astra share split widen foreign ownership ab astra st said proposing two one share split issue june new series foreign targeted shares lower voting rights part strategy company deal requires swedish government approval raise percentage foreign voting rights allowed medical group pct pct astra said extraordinary meeting astra board proposed creation b free shares open foreign buyers one tenth voting right per share present astra stock consists one series restricted shares one free shares reuter
family dollar stores inc th qtr aug shr cts vs cts net vs revs mln vs mln year shr cts vs dlrs net mln vs mln revs mln vs mln reuter
technologies corp rd qtr net shr three cts vs two cts net vs sales mln vs mln nine mths shr seven cts vs cts net vs sales mln vs mln order backlog mln vs mln note figures include life insurance proceeds mln dlr cts share reuter
african producer price inflation rises april south african year year producer price inflation rose pct april pct march central statistics office figures show items index base rose monthly pct april increasing pct march standing year earlier reuter
group inc rd qtr net shr dlrs vs dlrs net mln vs mln revs billion vs billion avg shrs mln vs mln mths shr dlrs vs dlrs net mln vs mln revs billion vs billion avg shrs mln vs mln reuter
exxon xon extends mid grade unleaded marketing exxon co u said extending marketing mid grade unleaded gasoline exxon plus houston dallas fort worth metropolitan areas beginning early next month exxon corp domestic subsidiary already marketing octane unleaded gasoline along much east coast third unleaded grade exxon noted longer offers leaded gasoline market except rural areas leaded made available distributors substantial need product serve customers whose equipment designed leaded fuel reuter
united medical corp sells unit united medical corp said sell inc unit company said sale line strategy health care service business said received interest several parties agreement yet reached makes exercise fitness club market said sales year projected mln dlrs reuter
bpcc planning sale packaging operations british printing communication corp plc l considering selling specialist packaging operations spokeswoman said gave dates prices transaction said units would sold negotiation declined give turnover profit figures packaging operations beyond saying profitable formed self contained part overall group said analysts said packaging division could sold mln stg earlier week group chairman robert maxwell also said expected float group newspaper subsidiary bought reed international plc reed l mln stg spokeswoman said bpcc intended keep majority share newspaper group floated bpcc currently legal resulting attempt take u publisher harcourt brace jovanovich inc hbj earlier week bpcc launched two three rights issue raise mln stg said money raised would enable renew harcourt also expressed interest dutch publisher nv reuter
burnham american nd qtr qtr ended march net vs revs vs six mths net vs revs vs note per share data given comparable net figures depreciation reuter
bank corp st qtr net shr cts vs cts net vs assets mln vs mln deposits mln vs mln loans mln vs mln note per share amounts adjusted stock dividends reuter
amex says bear stearns bought specialist unit american stock exchange said previously reported bear stearns co purchased w frank co specialist unit amex trading floor amex said unit trades stocks options small comparison specialist units operations remain exchange added price disclosed specialist unit authorized stock exchange deal agent brokers keep stable market one particular stocks reuter
sciences inc st qtr shr cts vs cts net vs sales mln vs backlog mln vs mln reuter
corp st qtr shr cts vs cts
national inc nmic st qtr st qtr ended september shr profit two cts vs loss cts net profit vs loss revs vs reuter
u steel firms study usx unit price hike two major steel companies said studying price increase announced yesterday usx corp uss steelmaking division spokesman armco inc bethlehem steel corp said proposed price hike study yesterday uss said plans raise base prices plate products dlrs short ton five pct effective shipments october spokesman ltv steel co unit ltv corp declined comment adding company make heavy plate makes plate products reuter