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
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
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
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 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 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 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
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
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
unilever plc nv combined pre tax profit billion stg vs mln
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
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
cooper canada ltd year net shr cts vs cts net vs revs mln vs mln reuter
union gas co sets payout qtrly div cts vs cts prior pay may one record april 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
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
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
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
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
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 e c 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
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
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
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
money rates international u fed funds broker loan bills cds paper international call month month par
sanford corp st qtr feb net shr cts vs cts net vs sales mln vs mln reuter
waste management says prepared raise bid chemlawn dlrs share
unicorp american corp uac sets quarterly qtly div cts vs cts prior pay march record march 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
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
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
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
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
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
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
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
service industries inc st qtr dec shr cts vs cts net vs revs mln vs mln reuter
engineering materials st qtr qtr ended dec shr nil vs nil net loss vs loss revs vs 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
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
consolidated natural gas co payout qtly div cts vs cts prior pay may record april 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
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
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
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
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
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
carson pirie scott co sets dividend qtly div cts vs cts prior pay june record may reuter
f w woolworth co th qtr shr dlrs vs dlrs
entertainment publications sees cts shr rd qtr loss units disposal
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
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 illinois indiana michigan ohio pennsylvania added expects future operating results improved closing two 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
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
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
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
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 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 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
chubb corp cb sets qtrly payout qtrly cts vs cts prior pay april record march 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
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
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
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
deutsche agrees full takeover former deutsche bank ag dbkg f agreed take outstanding pct deutsche bank asia ag former european asian bank ag creditanstalt 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
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
united brands inc th qtr shr profit six cts vs loss cts
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
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
bank england said invited borrowings pct later today
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
franklin massachusetts insured cuts payout mthly div cts vs cts prior pay march record march note franklin massachusetts insured tax free income fund reuter
inc year net shr dlrs vs cts net vs revs mln vs mln 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
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 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
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
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
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 cts march quarter increase prior quarter dividend cts reuter
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
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
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
nordbanken auction fermenta shares sweden nordbanken banking group said would sell mln b free shares deposited loan 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 said company much worse state thought reuter
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
brazil seamen continue strike court decision hundreds marines 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 station owners four states also continued shutdown fears combination two could lead serious fuel shortage reuter
imperial bancorp sets five pct dividend imperial bancorp said declared five pct stock dividend payable may shareholders record april 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
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
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
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
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 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 japan domestic capital market commenting paris agreement mulford said think exchange rates ought stabilized germany japan efforts carried mulford rejected 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
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
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
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
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 wants open investment policy exceptions national interest baldrige quoted saying newspaper said baldrige weinberger expected bring takeover issue top level group treasury secretary james baker economic policy council president national security council reuter
owens minor inc raises qtly dividend qtly div cts vs cts prior pay march record march 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
general mills inc rd qtr shr cts vs cts
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 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
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
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
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
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
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
lilly co plans sell arden subsidiary
canada day bills average pct making bank rate pct
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
cri insured mortgage investments lp payout mthly div cts vs cts prior pay may record march 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 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
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
emhart corp qtly dividend qtly div cts vs cts prior payable march record march nine 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
communications inc year loss shr loss dlrs vs loss dlrs net loss mln vs loss revs mln vs mln avg shrs vs reuter
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
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 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 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 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 avert potential economic another seek ways freer trade people felt could see benefits well preventing bush confrontation proceed orderly negotiations meeting attended overseas 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
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
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
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
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 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 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
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
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
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
gencorp asks shareholders postpone action tender offer
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
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
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 leading french regional bank branches austria belgium luxembourg east west germany switzerland chairman 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
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 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 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
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
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
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
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
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
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
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
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
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 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 figure opec members adding nigeria alone shortfall production bpd iraq december agreement production figures ecuador united arab emirates needed 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
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
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
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
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 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
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 oil co dlr provision connected resignation former president legal settlements costs dlrs dlrs expenses closing contract packaging division 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
corp sell product line corp aid retained investment banking firm kahn harris sell product line company said already contacted several potential buyers product shipments u represented mln dlrs company total net sales mln dlrs reuter
community savings bank qtly dividend qtly div six cts vs six cts prior pay april record april 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
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
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
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
first mississippi corp sets payout qtly div six cts vs six cts prior pay april record march 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
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
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 petition reuter
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 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
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
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
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 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
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
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
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
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
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
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
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 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 market belief trade imbalance continue expand said 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
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
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
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
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
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 annual meeting june may allow completion distribution results shareholders reuter
national corp rigs sets quarterly qtly div cts vs cts prior pay april record march 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
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
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
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
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
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
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
group sets regular payout div cts vs cts pay april record march 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
food corp six mths january net shr profit one ct vs loss one ct net profit vs loss revs mln vs mln reuter
industries ltd st qtr jan net shr four cts vs cts net vs revs mln vs mln 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
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
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
conoco raises crude oil prices one dlr barrel wti dlrs
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
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
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
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
henley group said close five pct mln shares santa fe southern pacific investment
fibre co quarterly dividend qtly div cts vs cts pay april record march 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
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
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
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
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 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 higher offer cash ferruzzi apparently still finance callebaut said 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
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
french ministerial meeting held cgct sale finance minister edouard balladur industry minister telecommunications minister 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 sweden ab ericsson eric st allied french defence electronics group pa sa pa reuter
federal bank fsb raises dividend qtly div nine cts vs cts prior qtr payable april record march 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
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
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
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 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
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
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
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
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
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
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
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 said reuter
union carbide says operating profits th qtr mln dlrs vs loss three mln dlrs
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
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
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
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
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
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
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
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
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
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
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 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
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
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 four billion stg british banks base lending rates fell half percentage point march current pct 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
shv says making tender offer mln shares ic gas
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
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
americus trust initial dividend americus trust american telephone telegraph shares series two said distribute initial dividend cts may shareholders record march 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
industries inc st qtr jan loss shr loss cts vs loss cts net loss vs loss revs vs 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
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 day basis qtr full name company commonwealth mortgage america 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
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
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 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
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 stable reuter
cornerstone corp sets payout qtrly div eight cts vs eight cts prior pay may record april 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
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 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 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
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
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
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
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
acquires pct industries industries ltd said acquired pct industries inc montgomery illinois undisclosed price closing subject completion legal said 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
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
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
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
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
news corp ltd acquire harper row publishers inc dlrs share
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
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
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
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 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 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 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 commissions shattner said sand plans market laser fourth fiscal quarter shattner said 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
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
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
viner 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
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
pioneer standard electronics inc payout qtly div three cts vs three cts prior pay may one record april eight 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
italian panel urges exchange liberalization liberalization italy foreign exchange controls gradual also reasonably rapid report issued study committee 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 common market goods services finance reuter
shared medical systems corp sets payout qtly div cts vs cts prior pay april record march 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
says distillate stocks mln gasoline crude mln
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
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
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 imports machinery crude oil petroleum products spokesman said foreign ships may also suffer workers join action said shipping corporation india sci asked ships avoid port dispute national union seafarers india president leo barnes said reuter
energy corp year net shr cts vs cts net vs revs mln vs mln 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
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
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
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 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
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
pepsico offers acquire calny inc dlrs share
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
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 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
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
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 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
horizon bancorp sets regular payout qtrly div cts vs cts prior pay may record april reuter
phillips raises crude postings cts effective today wti dlrs bbl
bell atlantic corp increases payout qtrly div cts vs cts pay may one record march 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
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
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
meyers co increases dividend qtly div eight cts vs seven cts prior payable may record april 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
times co quarterly dividend qtly div cts vs cts pay june record may reuter
co sets quarterly qtly div cts vs cts prior pay may record may four reuter
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
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
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
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
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
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
upper peninsula power co sets payout qtly dividend cts vs cts pay may one record april 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
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
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
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
usair group requests transportation department order twa divest stake
van co sets quarterly qtly div cts vs cts prior pay may one record april 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
buys stake creek venture 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 said estimates total investment project including share production costs mln dlrs 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
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
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
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
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 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
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
inc year net shr profit cts vs loss two cts net profit vs loss revs vs avg shrs vs reuter
bermuda star leases vessel bermuda star line inc said leased ton passenger vessel shipping co inc 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
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 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
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
sterling bancorp year net shr dlrs vs cts net ca assets mln vs mln note th qtr data given 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
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 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 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
zimbabwe dollar devaluation central bank zimbabwe reserve bank nation central bank denied zimbabwe dollar would devalued bank governor told herald daily newspaper unfortunate completely 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
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
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
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
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 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
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
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
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
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
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
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 alternative dlrs share takeover offer within week reuter
massachusetts investors growth stock fund payout qtly div income cts vs dlrs prior qtr including capital gains dlrs payable march record february 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
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
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
fed says sets three day system repurchase agreements
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
ltd year net shr cts vs dlrs net mln vs mln revs mln vs mln reuter
power co sets quarterly qtly div cts vs cts prior pay may 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
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
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
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
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
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
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
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 dependent decline overall value base could cause increase level real estate related chargeoffs 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
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
nwa inc th qtr shr profit cts vs loss nine cts
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
ccr video st qtr nov net shr cts vs nil net vs sales vs 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
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
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
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
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
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
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 consolidation capital base boosted issue 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
co operative bancorp raises quarterly qtly div cts vs cts prior pay april record march 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 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
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
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
products inc year net shr dlrs vs dlrs net vs revs mln vs mln 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
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
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 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 curbs technology transfer date trade legislation reuter
encor energy corp inc yr net loss mln vs profit mln
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 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
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
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
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 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 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 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
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
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
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
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
bank france leaves intervention rate unchanged pct official
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 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
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 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
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
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
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
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
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
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
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
delays defensive rights offering systems inc said plan distribute dividend common stock purchase rights shareholders record march delayed pending completion necessary regulatory approvals 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 mln vs mln gold production vs gold revenue mln rand vs mln working costs mln vs mln avg price per rand vs note full name company gold fields south africa ltd j reuter
american corp year net shr cts vs cts net vs sales mln vs mln note th qtr data available 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 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
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
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
electronics inc regular payout qtly div class b cts vs cts prior class two cts vs two cts prior pay april record april 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
canbra foods ltd year oper shr profit dlrs vs loss cts
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
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
u officials defend oil reserve sale plan treasury secretary james baker office management budget chief james miller 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
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
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
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
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
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
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
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
banking corp regular dividend qtly div cts vs cts prior payable april record april three reuter
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
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
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
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
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
gelco corp nd qtr shr cts vs cts
atlantic express inc st half dec net shr given net revs mln note company went public 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
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
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 international business community yeutter said taiwan yeutter said per 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
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
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
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
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
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 yen since mid january sumita said added expect yen dollar exchange rate remain unstable market concerned sharp rise yen bank japan keep close exchange rates line paris accord added reuter
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
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
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
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
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
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
fairchild industries sets regular payout qtrly div five cts vs five cts pay record march 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 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 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 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
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 caused currency factors levy since december individual cases business appeal court 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 proceedings begin april spokesman said het comite finally selected company test case among bill firm received commodity board payment levy contained significant currency involved grain wide variety 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 whole levy luxembourg appeal court reuter
says soviet winter crops need government daily said considerable amount soviet winter crops need state grain harvest target mln tonnes easy 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
santa fe energy partners lp qtly payout qtly cash distribution cts vs cts prior pay may record march reuter
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 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
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
sets pct stock dividend federal savings bank said board declared pct stock dividend distributed april holders record march reuter
first bank systems fbs units hike rate first bank first bank paul units first bank systems inc said raised reference rates pct pct 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
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 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
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
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 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 said 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 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
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
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 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
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
emery air freight said hutton group ends offer purolator courier
gulf states sees end cash may gulf states utilities co said condition significantly 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 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
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
volcker says reducing u budget deficit needed improve trade balance
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
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
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
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
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
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
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
weeks petroleum ltd 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
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
buys company groupe ltd said agreed buy pct groupe inc company specializes product three mln dlrs reuter
boston bancorp sets two one split boston bancorp said board declared two one stock split payable march record march 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 shareholders said cenergy made legal challenges request 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
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
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
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
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 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 retaliatory trade action u officials said nevertheless japanese officials said remain weak bargaining position especially threat trade bill 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
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
h b fuller co full st qtr feb net shr cts vs cts net vs sales mln vs mln reuter
inc year loss shr loss cts vs loss cts net loss vs loss sales vs 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 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 economic indicators u also market activity added 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
energy development ltd sets payout qtly div cts vs cts prior pay may record march 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 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 land equipment shipbuilders ministry start drawing restructuring guidelines april yards implement guidelines september industry sources said 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 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
integrated circuits sets record date integrated circuits inc said set march record date previously announced pct stock dividend company said distribute dividend march 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
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
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
iranian oil minister due algeria friday iranian oil minister gholamreza aqazadeh expected friday talks algerian counterpart official algerian news agency said today aqazadeh accompanied large delegation talks bilateral relations field energy exchange views algerian officials current world energy situation said 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 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
industries inc sets quarterly qtly div six cts vs six cts prior pay april one record march 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
g corp raises quarterly dividend qtly div cts vs cts prior quarter payable april record march 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
moore medical corp make acquisition moore medical corp said plans acquire privately held products wholesale distributor generic undisclosed terms 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
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
bilzerian tells sec ups pay n pak stake pct
ceasars world files suit martin sosnoff mts acquisition tender offer
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
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
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
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
claremont tells sec seeks pct champion products stake two board seats
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 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
chemical corp regular dividend qtly div cts vs cts prior qtr payable may record april 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 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
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 refinery project 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 one one central banks far g success said james 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 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 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 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
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 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 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 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
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
gas electric co dividend qtly dividend cts vs cts pay april record march reuter
carolina power light co cpl qtly div qtly div cts vs cts prior payable may one record april 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
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
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
security pacific national lift prime security pacific national bank national bank said increased prime lending rates quarter point pct said move effective immediately 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
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
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
inertia dynamics trim pay stock dividend inertia dynamics corp said declared pct stock dividend payable may shareholders record april 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
piedmont aviation meeting without taking action merger proposals
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
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
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
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
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
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
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
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 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
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
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
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
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
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
buys company inc said signed agreement principle buy labs inc mln dlrs common stock agreement subject shareholders approval conditions 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
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 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 said added difficult present determine exact time possible moves major 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 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
american international sells african unit american international group inc said sold south african subsidiary american international insurance co ltd 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
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
correction senior u official washington story headlined senior u official visit japan trade row please read nd tariffs worth mln dlrs correcting amount 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
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 grain significant amount fall certificates used various programs relieve storage said certificates meet goal allowing prices go loan levels providing usda inventory management tool 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
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
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
brazilian labour unrest spreads many banks shut brazil labour unrest many banks universities government 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 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 bank strike posing serious problems brazil crisis economy goes days serious effect normal financial operations halt said western diplomat today brazil university federal universities launched national strike broad political demand well pay claim david head political science department university told reuters national association higher education wanted full congressional inquiry happened government education funds said universities cash association junior partner coalition government liberal front party using education funds projects helped candidates elections holds education ministry 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
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
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
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
liquid air corp quarterly dividend qtly div cts vs cts pay march record march 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
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
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
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
inc sets quarterly qtly div eight cts vs eight cts prior pay may record april 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
trade interests ready fight u congress u lawmakers 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 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 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 year angered administration statement trade bill reagan would sign would worth passage congress rostenkowski set tone trade debate statement trying write legislation please lane 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
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
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
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
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
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 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
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
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 high technology wood producer purchase price per share drs said deal subject approval rospatch board tender offer expires march 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
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
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 claims provisions discontinued international business nil vs mln stg 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
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 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 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 action without meeting including election removal directors 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
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
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
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
swissair net mln swiss franc vs mln div francs vs
west co inc sets payout pa march qtrly div cts vs cts prior pay may record april reuter
whittaker corp st qtr oper shr cts vs cts
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
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
co st qtr feb loss shr loss cts vs loss cts net loss vs loss sales vs loss reuter
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
allied signal inc sell linotype group commerzbank west germany
confidence opec firms u energy futures renewed confidence opec ability limit production helped u energy futures settle yesterday closing prices according analysts also said oil contract found additional support short covering rally close april crude closed cts higher dlrs april 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 oil found support traders buying sales gasoline crude well expectations continued stocks refiners shut maintenance traders said gasoline april finished cent higher cts gallon reuter
first boston affiliate acquire allegheny int l dlrs shr
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
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
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
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
corning offer share hazleton share earlier agreement
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
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
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
soros group tells sec may buy pct fairchild industries
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 partly strong market position canadian food beverage industry u share revenues year pct rising pct fiscal said reuter
total system services inc st qtr net shr nine cts vs seven cts net vs revs mln vs mln 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
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
dutch port union meet today dutch port transport union fnv 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
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
knight inc sets quarterly qtly div cts vs cts prior pay april record april six 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
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
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
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
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
bank boston expects st qtr earnings cts dlrs shr vs cts
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
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
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
first granite bancorp inc agrees acquired magna group inc stock
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
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
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
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 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 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
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
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
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
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
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
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 however company later sold buyout group topped hafts history 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
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 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 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 trouble gives members incentive exceed quotas added saudis 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 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
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 financing facility jamaica foreign debt billion dlrs pct owed commercial banks yesterday reaffirmed government policy seeking new bank loans 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 offset gains mining sector improvements equipment hawker siddeley also said demand new railway equipment limited export sales frequently customers financing difficulties demand steel canadian continued depressed maintenance requirements lowest level past decade however demand industrial 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
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
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
first new hampshire banks inc div qtly div cts vs cts prior payable may one record april 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 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
ford motor co canada ltd th qtr shr dlrs vs cts
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
pan corp th qtr loss mln dlrs vs profit mln dlrs
comdata network agrees higher offer welsh carson anderson
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
japanese corporate earnings recovery predicted japanese corporate earnings rise pct fiscal first year year increase three years partly yen stable exchange rate research institute said sales industries predicted rise pct year starts april research arm 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
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
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
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
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
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
e systems sets qtrly payout qtrly div cts vs cts prior pay april record march 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
fed expected add reserves federal reserve expected intervene government securities market add temporary reserves via customer system repurchase agreements economists said economists said fed 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
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
fitness distribution deal fitness inc said named exclusive florida distributor version frozen tofutti tofutti brands inc replacing pillsbury co psy 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 dealers said intervention fairly small amounts contrast bundesbank activity wednesday dealers reported bought mln dlrs bundesbank comment 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
inc six mths february net 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 offer agreement aloha distributed later today 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
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
ipco corp sets regular payout qtrly div nine cts vs nine cts prior pay may record april 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
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
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
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
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
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 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 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
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
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
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 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
eastman kodak acquires pct interest enzon inc
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
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
hunt manufacturing co sets payout qtrly div cts vs cts pay april record april 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 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 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 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
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
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
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
u mideast policy analyst u 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
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
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
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
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
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
cyclops corp says cyacq amended offer restates original conditions
northern states power co votes quarterly qtly div cts vs cts prior qtr pay april record april 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
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 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
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
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
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
weyerhaeuser said sees significant increases earnings
providence energy corp regular dividend qtly div cts vs cts prior pay may record april 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
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
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
corp sets regular payout qtrly div cts vs cts pay may record april 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 publicly held wholesale food distributor march last year privately held acquired controlling interest f divested food business renamed company began operating real estate investment service company reuter
ameron inc st qtr feb loss shr loss cts vs profit six cts net loss vs profit sales mln vs mln 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
coopervision inc eye qtly dividend shr cts vs cts prior qtr pay april record april reuter
data systems inc st qtr jan net shr three cts vs four cts net vs revs vs 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 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
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
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
fairchild deal failure seen making japanese 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 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 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 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
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
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
corp sets regular payout qtrly div three cts vs three cts prior pay may record 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
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
international inc sets quarterly qtly div four cts vs four cts prior pay march record march 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
philippines posts mln dlr january trade deficit philippines posted trade deficit mln dlrs january compared deficits mln january mln december government figures show national 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
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
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
arab banker says soon single currency gulf arab states must coordinate economic policies closely moving towards goal 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 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
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
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 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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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 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 since bundesbank lowered discount rate might also facilitate cut leading rates shift savings accounts securities would slow growth bundesbank central bank money stock aggregate 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 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 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 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
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
di giorgio corp dig qtly dividend shr cts vs cts prior qtr pay may record april reuter
telecommunications inc st qtr net periods ended jan shr cts vs cts net vs sales mln vs mln backlog mln vs mln 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
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 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 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 service company said dresser expected improve profitability cost reductions operations including sale leaseback headquarters said 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
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
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
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
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
bass group says talks seeking control taft broadcasting
j p stevens co payout qtly div cts vs cts prior pay april record april three reuter
oil prices said based futures price energy futures set standard oil pricing said 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
analysts see slow move higher u prime rate quarter point prime rate increases pct citibank chase manhattan bank today followed banks see 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 economist dean witter reynolds inc said spread banks cost funds prime rate around basis points compared basis point average 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 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 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
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 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 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
fed sets two billion dlr customer repurchase fed says
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
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
ltd st qtr jan net shr eight cts vs cts net vs revs mln vs mln reuter
hunt manufacturing co st qtr net ended march shr cts vs cts net vs revs mln vs mln avg shrs vs 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 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
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
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
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
todd shipyards corp omits qtly common div sets preferred payout
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 price violating securities laws directors fiduciary duties corporate assets cpc said defendants include company directors salomon perelman deny allegations improper conduct defending suits 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
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
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
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
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 bank england morning attempt curb recent upward pressure pound market sources said 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
marine midland raises prime rate marine midland banks inc said raising prime lending rate pct pct effective immediately 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
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
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
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
harmon buy 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
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 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 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 debt payments 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
corp regular dividend set qtly div cts vs cts prior pay april record march 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
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
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
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
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
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
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 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
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
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
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 mine losses sustained declining prices results also included mln dlr extraordinary writedown value laid oil exploration regional bp australia said sold stake chemical maker farmers ltd yielding extraordinary profit mln dlrs expected sale pct owned co first half 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
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
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 paris club baker said newspaper interview baker said brazilian explained pay commercial bank debts full needed time 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 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 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 pct billion marks domestic group turnover rose pct billion marks incoming orders increased pct billion marks company producing full capacity 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
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
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
trade deficit narrows february 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
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
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
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
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
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
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
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
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 growth inflation economists said economist citibank ag said bundesbank became monetary policy raising fears quarters return inflation medium term unions would 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 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 perhaps pct lombard ceiling banks well funds average billion marks bundesbank minimum reserves first days march well billion requirement 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
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
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
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
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
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
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 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
gerber sets deadline unit buyout gerber products co said given management inc trucking subsidiary days pursue leveraged buyout subsidiary said inc operations midwest southeast annual revenues approximately mln dlrs 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
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
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
turner equity investors inc payout qtly cash distribution cts vs cts prior pay april eight record march 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 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 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
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
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
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
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
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
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
cont l illinois 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
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 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
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
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
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 armstrong tire division president reuter
conagra inc rd qtr shr cts vs cts
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
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
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
petroleum ltd nine mths net shr cts vs cts net vs revs vs 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 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
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 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 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
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
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
industries ltd year loss shr loss eight cts vs profit nil net loss vs profit sales vs 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
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
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
franklin michigan insured sets payout mthly div cts vs cts prior pay march record march note franklin michigan insured tax free income fund reuter
technologies inc st qtr jan loss shr loss one ct vs loss one ct net loss vs loss revs vs 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
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
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
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
usair group rejects trans world airlines takeover bid
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 writedowns non recurring charges mln dlrs including costs anticipated mine writedown capitalized costs one mine mln dlrs year loss includes charges totaling mln dlrs 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
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
inc st qtr jan net shr two cts vs eight cts net vs revs vs avg shrs vs 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
unisys corp uis sets quarterly qtly div cts vs cts prior pay may seven record april seven reuter
lucky stores says investor edelman reached standstill agreement
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 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
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
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
mercantile stores co inc th qtr shr dlrs vs dlrs
royal bank canada ups u base rate pct pct
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 river 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
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
franklin insured tax free sets payout mthly div cts vs cts prior pay march record march note franklin insured tax free income fund 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
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 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 survey paper distributed conference estimates iagifu reserves mln barrels png 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 survey paper noted five large prospective little explored png 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
pennzoil sees lower st qtr net unusual item year ago loss cts
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
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
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
cargill official 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 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
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
distributed logic corp st qtr loss qtr ended jan shr loss nine cts vs profit cts net loss vs profit revs vs 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
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
laboratories inc nd qtr loss period ended jan net loss vs loss sales vs six mths net profit vs loss sales vs reuter
american express board approved nippon life purchase shearson interest
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
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
legal general group pre tax profit mln stg vs mln
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
bundesbank billion marks day repurchase pact pct
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
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
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
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
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
mine safety sells south africa unit mine safety appliances co said sell german subsidiary controlling interest africa pty ltd 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 profits due south africa economic decline reuter
franklin age high income fund sets payout mthly div cts vs cts prior pay march record march two 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
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
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
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
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
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
transportation department twa application usair control
u k money market deficit revised upward bank england said revised estimate today shortfall mln stg mln 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
stanley works sets quarterly qtly div cts vs cts prior pay march record march 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 credit fed seems bit slow meeting banking system reserve needs statement period conclude anything seen fed data said jeffrey leeds chemical bank 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
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
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 oil production expensive methods production water gas ground recover oil also severance tax nugent said plan would exempt existing secondary wells produce rate less three barrels day three years price oil 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
mfs managed sectors trust dividend increased semi annual div income cts vs cent prior period payable march record february 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
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
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
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
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
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
cpc international inc cpc qtly div shr cts vs cts prior payable april record march 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
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
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
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
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
ups soviet grain import estimate three mln tonnes mln official
industries inc st qtr jan net shr cts vs cts net vs sales mln vs mln avg shrs vs 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
cineplex odeon corp year oper shr basic dlrs vs cts
mobil france take pct stake mobil corp mob mobil oil francaise unit said take stake pct french 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
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
rainbow oil ltd st qtr dec net shr cts vs cts net mln vs mln revs mln vs mln 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
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
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
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
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
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
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
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 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
liberian ship suez canal liberian motor bulk carrier tonnes suez canal yesterday proceeding canal lloyds shipping intelligence said reuter
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
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
financial corp payout qtly div cts vs cts prior pay april record april 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
american brands sees record first quarter results
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
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
itt corp itt declares dividend qtly div cts vs cts prior pay july record may 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
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 privatisation year include engine maker rolls plc british authorities plc 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
southern california edison co qtly div qtly div cts vs cts pay april record april reuter
national bank boat raises prime bancshares said national bank raised prime rate pct pct effective immediately reuter
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
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
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
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 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 pct last month dlrs high dlrs half california oil comes stripper wells producing less barrels day much oil costs dlrs barrel 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 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 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
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
increases dividend qtly div nine cts vs eight cts prior payable july one record june 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
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
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
shell canada cuts crude oil prices canadian dlrs bbl effective march one
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
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 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 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 unless extended 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
usx x consolidated natural 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
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
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 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 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
group buys dwg dwg unit assets group inc said purchased dwg corp inc line regional juice products purchase terms disclosed company said reuter
correction two brazil shipping firms settle today story headlined two brazilian shipping firms settle strikers please read second offer companies global flumar instead offer companies flumar corrects name first company 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
butler buy manufacturer butler co said signed memorandum intent acquire naturalite inc manufacturer said texas based naturalite sales mln dlrs terms disclosed 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
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
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
northern telecom proposes two one stock split
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
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
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
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 discriminatory gatt provisions dispute centres fact section u tariff act gives jurisdiction imported products ec commission charged ec producers possibilities defending would normal u court consequently procedure followed less favourable takes places normal courts law goods produced united states said statement reuter
baker co votes dividend qtly div cts vs cts prior qtr payable june record may 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 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
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
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
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 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 way trying stop trend diplomat said central bank also announced auctions would 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 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 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 reduced rural inflation prices already reflected naira black market value currency allowed find true level last september reuter
carter wallace inc car sets regular payout qtly div cts vs cts prior pay june record april 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
boston edison co regular dividend qtly div cts vs cts prior qtr payable may one record april 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
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
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
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
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
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
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
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
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
metro mobile declares stock dividend metro mobile cts inc said declared pct stock dividend dividend distributed april holders record march 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
inc sets quarterly qtly div cts vs cts prior pay april record april seven reuter
fed sets billion dlr customer repurchase fed says
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
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
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
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
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
ltd st qtr feb net shr three cts vs cts net vs revs mln vs mln avg shrs vs reuter
franklin california tax free income fund payout mthly div cts vs cts prior pay march record march two 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
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
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 feels japanese trade policy 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 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 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 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 financial markets government officials said 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 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 maker nord est pct stake said forecast parent company net profit provisions around mln francs reuter
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
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 independent consultants declared fair 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
allwaste alws make acquisition allwaste inc said agreed principle acquire air moving related industrial services company identify dlrs common stock 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
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
mitchell energy development corp payout qtly div six cts vs six cts prior pay april two record march 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
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
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
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
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
inc declares qtly dividend qtly div three cts vs three cts prior pay april six record march reuter
investment properties raises payout qtly div cts vs cts prior qtr payable june record may 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 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 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 said china wants obtain gsp status 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 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 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 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 economic system replacing mandatory guidance planning economic diplomat said join gatt china much 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 professional advisers 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
borealis gold exploration pact faraway borealis exploration ltd said entered agreement faraway gold mines ltd vancouver british columbia faraway acquire interest borealis whale 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
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
lincoln savings sets first payout lincoln savings bank said board declared initial dividend cts per share payable april shareholders record april reuter
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
conagra inc cag regular dividend set qtly div cts vs cts prior pay june one record april 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
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
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
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
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
commercial metals co sets qtly dividend qtly div eight cts vs eight cts prior pay april record april 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 agriculture general agreement tariffs trade gatt support agriculture avoid production incentives countries freeze seek reduce government aid measures 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
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
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
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
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
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
ashland oil chairman sees loss operations second fiscal quarter
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
u sells mo bills pct stop pct mo pct stop pct
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 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 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
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
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
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
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
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
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
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
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
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 close political ties jordan iraq well financial difficulties jordan branch saw pre tax profit rise pct dinars assets mln dinars 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
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
news corp completes purchase newspaper news corp said south china morning post ltd hong kong become wholly owned subsidiary march previously announced 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
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
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
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
technologies international inc shr cts vs cts net vs revs mln vs year shr cts vs cts net vs revs mln vs mln reuter
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
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
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
state street boston corp sets quarterly qtly div cts vs cts prior pay april record april one 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
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
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
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
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
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
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
montreal trustco inc year net shr cts vs cts net mln vs mln revs mln vs mln avg shrs mln vs mln reuter
american medical international inc ami payout qtly div cts vs cts prior qtr payable may one record april 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
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
pearson 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 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
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
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
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
miyazawa says time come major nations act exchange rates
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 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
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
first connecticut sets quarterly payout qtly div cts vs cts prior pay april record april three note first connecticut small business investment co 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
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
bank nova scotia cuts prime rate pct pct effective tomorrow
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
american corp year net shr cts vs cts net vs sales mln vs mln note th qtr figures given reuter
federal realty investment trust payout qtly div cts vs cts prior pay april record march 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
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
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
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 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 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
itt corp itt regular qtrly dividend qtly div cts vs cts prior payable july one record may 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 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
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 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
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 company said 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
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
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
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
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 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 al al also presidential adviser three ministers involved spent four years posts 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
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
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 brazil mining concern produce revenues mln dlrs year next years new york based upland traded counter 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 futures association soya bean 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
public service co colorado payout qtly div cts vs cts prior pay may one record april 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
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
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 europe japan finance minister completed seek official support brazil debt stance 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
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
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 forecast earnings dlrs per share dlrs company earned dlrs per share previously sell recommendation pepsico looking pct earnings growth lay trend continue decade reuter
united asset management corp ups payout qtly div four cts vs three cts prior pay april record march 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
dime savings bank payout qtly div cts vs cts prior pay april record april three reuter
commonwealth energy system dividend qtly div cts vs cts prior qtr payable may one record april reuter
alaska air group inc qtly dividend shr four cts vs four cts prior qtr pay may five record april reuter
midland bank said cutting base rate pct pct
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
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
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
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
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
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
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
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
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
first federal savings bank montana div qtly div seven cts vs seven cts prior payable april record april three reuter
port activity rises tonnage goods passing coast main port rose pct last year according 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
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
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
citicorp says placing brazil loans cash basis could cut st qtr net mln dlrs
nl industries inc th qtr shr loss cts vs profit seven cts
ltd nine mths dec net shr six cts vs five cts net vs revs vs 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
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
inc increases div qtly div cts vs nine cts payable june one record may 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
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
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
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
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
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
sees recovery net inc said expects rebound profits increase sales costs connected catalog sales start today reported earnings dlrs dlrs year revenues dlrs dlrs reuter
john labatt ltd rd qtr shr diluted cts vs cts
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
corp sets payout semi div three cts vs three cts prior pay june record may 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 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
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
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
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
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 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 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
basf corp year net net mln dlrs vs mln sales billion vs billion note wholly owned basf ag west germany 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 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 effective april reuter
plans major restructuring write mln dlrs
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
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
pretax profit mln stg vs mln
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
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
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 outlook organization must address soon regain initiative oil prices analysts uncertain even emergency meeting would address problem opec production mln bpd quota set last december opec 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
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
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
dixie stores inc win sets monthly payout mthly div cts vs cts prior pay april may june record april may june 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
corp approves merger corp said shareholders approved merger wholly owned subsidiary emerson electric co terms merger shareholder receive shares emerson stock share 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
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
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
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
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
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
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
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 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
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
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
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
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
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
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
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
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
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 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
phoenix steel receives offer mill phoenix steel corp said group investors offered buy clayton steel 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
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
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
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 year billion francs scheme received social 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
top discount rate u k bill tender rises pct
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
circuit city stores inc sets quarterly qtly div cts vs cts prior pay april record march 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 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
hk shanghai bank standard chartered bank raise prime one half point pct
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
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
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 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
dome petroleum takes writedowns totalling billion dlrs
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
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
fairfax says higher tax 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 produce offsetting cost savings 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 told foreign trade association denman told reporters possible retaliation warned letter house ways means committee chairman dan rostenkowski would necessarily product product basis retaliation 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 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
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 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
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
avon says buy giorgio inc fragrance company mln dlrs
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
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
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 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 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 improving supply raw materials 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 actually yield tangible profits intermediate agencies boost said 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
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
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
standard products co raises quarterly qtly div cts vs cts prior pay april record april reuter
wall street stocks american express axp american express co stock fell sharply reflecting part investors 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 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
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
resources ltd year net shr cts vs cts net vs revs vs reuter
co sets quarterly qtly div cts vs cts prior pay april record april 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
morgan grenfell pretax profit mln stg vs mln
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
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
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
arab association new chairman inter arab association elected al kuwait bank new chairman succeeding bank three year term officials said annual meeting elected three vice chairmen banque de societe du morgan guaranty trust co new york saudi national commercial bank bahrain finance credit corp jordan elected secretary treasurer respectively 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
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 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
campbell red lake mines ltd th qtr shr cts vs cts
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
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
herrington says may recommend tax benefits u oil industry
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
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
imperial 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
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
parts industries ltd year shr cts vs cts net mln vs mln revs mln vs mln note full name parts industries ltd reuter
bankers welcome spanish reserve requirement hike bankers welcomed bank spain decision raise reserve requirement banks savings banks saying reflected government determination ease fight inflation despite social effects four years 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 money abroad strengthening 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 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 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
leaseway transportation corp qtly div qtly div cts vs cts prior pay april eight record march 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
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
laboratories inc qtly dividend shr five cts vs five cts prior qtr pay april record april 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
united auto workers union says supports chrysler amc merger
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
bhp co ltd net profit mln dlrs first three qtrs vs mln
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
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 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 justified due low oil prices reuter
j c penney declares two one split raises quarterly
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
carolina power light co cpl sets payout qtly div cts vs cts prior pay may one record april 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 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 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
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
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
nova alberta corp th qtr shr loss cts vs loss dlrs
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
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
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
american president 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
quaker oats co oat regular dividend qtly div cts vs cts previously pay april record march 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
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
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
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
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 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
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
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 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
medtronic inc sets payout qtly dividend cts vs cts pay april record april 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
co sets quarterly qtly div cts vs cts prior pay april record march 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
study says oil price fall sharp drop world oil prices past year triggered pct increase country oil states according study released american petroleum institute api api said study found business failures rose nationally pct oil southwest increase pct said 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
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
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
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 bank workers voted strike march unless demand pct pay rises met wilson de president national 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
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
lucky stores inc quarterly dividend cts per share
corp year nov net shr cts vs three cts net vs revs mln vs mln 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 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
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 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 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
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 bp interest acquiring rest standard telephone call march five sir peter walters chairman bp meeting march nine danforth informed bp special committee first boston corp fbc financial adviser also retained independent counsel danforth concerns special committee sufficient time expressed walters telephone reiterated letter counsel monday week 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
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 industrial committee told news conference discussed variety possible deals french companies rhone poulenc declining put figures possible contracts said discussed plant protection processing highly gas rhone poulenc packaging technology agricultural products fruit vegetable juice processing official 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
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
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
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
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
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
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
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
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
echlin inc ech dividend increased pct qtly div cts vs cts prior qtr payable april record april two 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
rolls approaches float profits set rise state owned engine maker rolls plc 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 assure company health fend rolls rescued bankruptcy taken state ownership government announced sale said would 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
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 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 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 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 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 degree ultimate impact efforts miti troubled u industry remains doubt analysts added pressure cut production dram dynamic access memory chips could merely speed transition one chips japan leads analysts said whether u firms able stage memory chips interested also remains 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 market share said one analyst real agreement 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
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
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
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 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 action required usx corp chairman david said congress allow takeover game continue would economic champion international corp chairman andrew added reuter
chrysler says amc holders get chrysler stock worth four dlrs share buyout plan
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
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
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 aggregate price mln dlr range interconnect said made offer board directors gates learjet march avaq said gates corp gates learjet approved offer feb 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 adopt foreign proposals formal plan yet talks latter stages one representative german banking association 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 swaps 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
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
tel offshore trust ups quarterly payout qtly distribution cts vs cts prior qtr payable april record march reuter
singapore government takes goodwood shares singapore government taken mln dlrs worth goodwood park hotel ltd shares loan stock certificates company chairman 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
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
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
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
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
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
corp sets quarterly qtly div cts vs cts prior pay april record april reuter
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
corrected media general inc ups annual div cts shr cts sets stock split corrects show raise annual div qtly
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 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
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 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 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 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
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
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
major u banks move higher pct prime major u banks today tuesday quarter point prime rate cuts citibank chase manhattan bank first prime rate boosts since mid cited spreads prime funding costs 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
increase stake trilogy resource trilogy resource corp said 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
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
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
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 metals trading 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
swift independent co st qtr net periods ended january net vs revs mln vs mln 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
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 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
little prince productions ltd st qtr loss qtr ended dec shr profit nil vs loss nil net profit vs loss revs vs 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
island telephone share split approved island telephone co ltd said previously announced two one common share split approved shareholders annual meeting 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
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
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
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 san miguel brewery ltd locally listed firm pct held san miguel neptunia corp affiliate last traded h k dlrs dlrs friday 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
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
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 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
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
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
hartford national corp regular dividend qtly div cts vs cts prior qtr payable april record march reuter
mercury entertainment corp year nov shr loss four cts vs loss one ct net loss vs loss revs vs reuter
hi industries inc sets payout qtrly div cts vs cts prior pay april record april 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
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
calny inc rejects pepsico inc acquisition offer
k mart corp th qtr shr dlrs vs nine cts
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
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 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
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
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
seven oaks international inc payout qtly div four cts vs four cts prior pay april record march 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 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
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
southern co take mln dlr charge projected vogtle cost rise
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
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 large volume customer inquiries inc products subsidiary caused higher expected business development outlays company said expects significant contract 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
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 share preferred stock st jude exercise price dlrs st jude said rights may exercised days following acquisition tender offer least pct company common stock company added reason believe st jude medical takeover target 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
marketing systems seeks acquisitions marketing systems america inc said retained cohen co assist efforts business merger acquisition company said consideration services agreed grant five year warrants buy common shares cts exercisable starting march negotiated fee completion transaction said right cancel warrants one year transaction completed 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
air products chemicals inc payout qtly div cts vs cts prior pay may record april three reuter
api says distillate stocks mln bbls gasoline mln crude mln
dutch port employers resume lay plans employers rotterdam troubled general cargo sector decided restart redundancy procedures within week employers organisation labour relations manager zeebregts told reuters port transport union spokesman said employers decision would lead immediate eight weeks strikes sector strike action called friday interim court injunction employers plans redundancies year court amsterdam ruled last week employers made 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
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
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 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 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
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 exclusively greek government greek government repeatedly let turkish side know considers turkey said greek statement said athens ready put continental shelf issue international courts reuter
fed buying one billion dlrs bills customer account fed says
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
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 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 least due outlook ship repairing reuter
american building maintenance st qtr net shr cts vs cts net vs revs mln vs mln note american building maintenance industries inc 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 k issues one billion stg bond bank england said taking onto books one billion stg 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 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 market rapidly last week however noted although sterling edged highs following base rate cut still closed trade weighted basis well ahead friday final peak gmt reuter
utilicorp ucu acquires dominion subsidiary utilicorp united inc said closed previously announced acquisition west virginia power dominion resources inc mln dlrs reuter
fluorocarbon corp qtly dividend shr seven cts vs seven cts prior qtr pay april record april 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
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
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 feet barrels oil per day inch choke 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
jim walter corp regular dividend qtly div cts vs cts prior qtr payable april one record march reuter
humana inc hum regular dividend qtly div cts vs cts prior qtr payable may one record april two 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
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
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
u k oil industry said 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 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 well oil producing nation 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
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
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 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
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
top discount rate u k bill tender falls pct
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
american express declared two one stock split
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
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
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
arvin industries sees flat st qtr per share net compared cts last year
douglas computer international year end shr seven cts vs one ct net vs revs vs 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
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
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 block strait hormuz missiles used iran fraction power could 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
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
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
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
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
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
arkansas best corp declares qtly dividend qtly div nine cts vs nine cts prior pay april record march 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
super rite foods inc sets qtrly payout qtrly div five cts vs five cts prior pay april record april
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
eager technology acquires eager technology inc said signed letter intent acquire inc private colorado corporation subsidiaries terms acquisition disclosed reuter
home savings sets stock dividend home savings loan association inc n c said board declared pct stock dividend payable april holders record april three reuter
miyazawa sees big nations 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
ual said donald trump interested ual stock investment
bancorp dec year net shr cts vs cts net vs loans mln vs mln deposits mln vs mln assets 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
cut costs 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 earnings per share fell dlrs dlrs company said earnings reduced primarily result reduction early earnings return equity allowed n state public service commission said concerned continued lowering authorized return grant fair return equity 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
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 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
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
salomon inc sb sets regular quarterly qtly div cts vs cts prior pay april one march reuter
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 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 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
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 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
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
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
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
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 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
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
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
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
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
canadian imperial bank commerce st qtr share basic cts vs cts
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
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
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
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
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
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
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
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
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
group inc sets quarterly qtly div cts vs cts prior pay april record april reuter
u securities group backs insider restraints securities industry association backed variety restraints insider trading hostile corporate takeovers asked congress 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 employees understand need confidentiality market sensitive information said legislation 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 restructuring corporate america wall street investor fears insider trading fairness marketplace reuter
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
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 operation f 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
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
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 show loss current mths qtr profit reuter
viacom international inc gets another new national amusements bid
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
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 talks 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
cook united inc expects loss mln dlrs fiscal
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
sec 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 current rules officials said sec present position agency said tender offer must extended minimum share condition waived even purchaser reserved right 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
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
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
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
winthrop insured mortgage ii sets payout qtly div cts vs cts prior pay april record march note winthrop insured mortgage investors ii 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 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
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 oil gas unit dlrs crown said field fully developed producing wells current oil production barrels day said adding gas produced sale 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
transport co sets quarterly qtly div four cts vs four cts prior pay april record march reuter
inc st qtr jan loss shr loss six cts vs profit three cts net loss vs profit revs vs reuter
lifetime exchange offer accepted lifetime corp said retirement housing corp accepted previously announced acquisition offer retirement operate separate subsidiary 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
iranian tanker attacked weekend lloyds iranian steam tanker tonnes attacked hit hours march lloyds shipping intelligence service reported one person killed tanker owned national iranian tanker co reuter
international multifoods corp dividend qtly div cts vs cts prior pay april record march reuter
corp gec raises qtrly dividend qtrly div cts vs cts prior pay march record march 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
drug stores inc sets quarterly qtly div five cts vs five cts prior pay april record april 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
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
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 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
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 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
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
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
dixons group plc buys cyclops shares owns pct
inland industries inc st qtr net qtr ends jan shr six cts vs eight cts net dlrs vs dlrs revs vs 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
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
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
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
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
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
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
corp year loss oper shr loss cts vs loss cts oper net profit vs profit sales mln vs mln avg shrs vs reuter
inc sets regular payout qtrly div eight cts vs eight cts prior pay april record april 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 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
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
old republic int l corp hikes dividend qtly div cts vs cts prior pay june record june 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
corp year feb net shr cts vs cts net vs sales mln 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
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
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
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
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
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
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
new savings bank raises payout qtly div cts vs cts prior pay april reord march 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 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 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 revised forecasts two pct stoltenberg said wide range predictions showed many taken account said drastic changes official forecasts needed reuter
e systems inc sets quarterly qtly div cts vs cts prior pay april one record march reuter
union protest dart supermarkets sgl bid united food commercial workers said rank file members union demonstrate monday dart group corp headquarters 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
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
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 would allow foreign control brewing food conglomerate philippines biggest manufacturing concern diaz said pcgg plan remove smc president andres soriano family company run company diaz said appreciate management certainly practices corrected 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
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
boise cascade completes sale unit boise cascade corp said completed previously announced sale consumer packaging division products co approximately mln dlrs 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
pantera acquires restaurants pantera corp said closed agreement acquire ten pizza restaurant locations southeastern colorado said purchase price dlrs paid cash stock 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 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 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
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 year acquisitions occurred different quarters said arvin complete purchase systems research laboratories second quarter also increase revenues reuter
bancorp sets pct dividend bancorp said board declared pct stock dividend payable april shareholders record april three reuter
pacific lighting quarterly dividend qtly div cts vs cts pay feb record jan reuter
energy says trustee appointed energy corp said u bankruptcy court indicated trustee company chapter bankruptcy proceedings said hopes appointment thwart hostile actions pursued two unsecured creditors whose claims company said well county utah barrels oil per day owns pct working interest 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 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
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
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
group inc year net shr six cts net revs note company formed august 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
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
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
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
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
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
transportation agency gives final us air pacific southwest acquisition
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 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 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
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 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
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
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
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
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
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
imf world bank meet amid new inflation fears amid new concerns inflation interest rate increases trade finance ministers central bankers meet next week discuss global debt economic situation meetings 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 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 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 first time since february talks paris agreed keep dollar 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
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 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
norstar bancorp fleet financial group agree merge
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
cosmetics inc st qtr net qtr ends feb shr cts vs cts net vs revs vs 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
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 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
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
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 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 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
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
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
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
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 confrontation earlier year lost grains sales spain portugal joined community liberal imports regulations ec standards sides drew back brink time said mean would another channon added increasing europe u negotiating pressure imposed said potential already sight alleged european government subsidies airbus aircraft taxes fats oils united states must therefore 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
sell american metals aluminum co america said signed letter intent sell american metals co subsidiary r w technology inc undisclosed terms completion expected early may american makes metal parts various industries 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
chemlawn corp inc sign definitive merger agreement
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
montana power co votes quarterly dividend qtly div cts vs cts prior qtr pay april record april 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
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
camco inc sets quarterly qtly div cts vs cts prior pay april record 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
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 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 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
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 sales tax plan faced possibility might go u virtually 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 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
nichols institute st qtr feb net shr two cts vs one ct net vs revs mln vs 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
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
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
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
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 ongoing trade tensions united states japan officials said 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
current exchange rates almost within levels agreed major nations sumita
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
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 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
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
pittston agrees acquire wtc international exchange stock
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
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
bankamerica says expects report profit first quarter
sumita says little room bank japan ease credit policy
oil development partners payout qtly div two cts vs two cts prior pay may record march note full name oil development partners lp 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
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
southern home savings bank year net shr dlrs vs dlrs net vs 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
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
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
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
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
lincoln national corp sets quarterly qtly div cts vs cts prior pay may one record april 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
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
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
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
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 drugs drugs peg peg use cause often tissue damage associated severe burns heart attacks peg treatment conditions caused high levels acid body 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
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
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
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
egyptian central bank dollar rate unchanged egypt central bank today set dollar rate commercial banks march dollars unchanged previous rate reuter
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
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
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
exchange auction resume end march zambia 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 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 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
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 rules international competition foster dependence protection subsidies said 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
industries inc sets dividend qtly div cts vs cts prior pay april record march 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
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
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
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
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
murphy oil corp sets regular dividend qtly div cts vs cts prior pay june one record may reuter
roy co sets regular dividend qtly div cts vs cts prior pay june record may reuter
german exporters ministry firms need 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 investment climate certainly reason 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
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
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
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
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
unocal raises crude prices cts today wti dlrs
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
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
norway offers th licence round offshore blocks norway offered new offshore blocks foreign domestic first phase country 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 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 four strategic blocks included round second phase ministry accepting applications phase two blocks early april likely announced summer officials said 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
sosnoff ends deal pratt southmark possible venture caesars bid
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
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
economic spotlight saudi arabia economy higher world oil prices coupled new 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 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 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 modern techniques cost control introduced markets expanded labour forces inventories cut back workforce fallen sharply number new 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 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
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
corp pcr sets quarterly qtly div cts vs cts prior pay june record may reuter
canadian tire major holders extending pact ctc dealer holdings ltd said canadian tire corp ltd controlling shareholders alfred david 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
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
general partners terminating offer gencorp inc
canada ltd year net shr cts vs cts net vs revs vs 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
williams holdings says bidding mln stg norcros ordinary shares
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
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
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 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
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
hungary devalue forint western units hungary devalue forint average eight pct western currencies official news agency said 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
marathon raise crude prices cts bbl tomorrow wti dlrs
german call money 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 bundesbank credited banks gross billion marks billion left system time earlier securities repurchase pact dealers estimated ems related 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 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
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
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
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 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
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
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 group pleas curb north sea oil output king also urged world community help return called end iran iraq war year old war could resolved said 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
rospatch corp rejects offer diagnostic retrieval systems inc
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 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 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
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
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
barclays bank said cutting base lending rate pct pct pct
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
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
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
corp regular dividend set qtly div nine cts vs nine cts previously pay may record april 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 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
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
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 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
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
corp sets three two stock split raises quarterly
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
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
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
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
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
industries inc boosts dividend qtly div nine cts vs eight cts prior qtr pay april record april reuter
union pacific says sign pact caracas march sale half corpus christi refinery
diversified human group year shr loss five cts vs profit cts net loss vs profit revs mln vs mln note includes credit cts 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
combustion engineering inc csp regular div qtly div cts vs cts prior pay april record april 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
image technology corp sets payout qtly div cts vs cts prior pay april record march 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
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
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
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
greece 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
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
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
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
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
spain launch export drive spain billion 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 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 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
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
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
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 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 nation economy 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
varity expects report th qtr full year loss
grow group inc sets quarterly qtly div cts vs cts prior pay april record april reuter
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 animal feed mln vs mln food processing distribution mln vs mln furniture timber distribution mln vs mln fresh meat mln vs mln 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
hartford national corp declares dividend qtly div cts vs cts prior pay april record march 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
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
instrument co st qtr jan shr three cts vs four cts net vs revs vs reuter
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
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
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
patrick definitive accord buy bayou resources
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
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
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
proof grain damage diplomats western agricultural moscow said evidence rumours last april 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 leader campaign gradually gave details land around nuclear plant degrees used grow industrial crops instead grain reuter
mining co th qtr shr loss cts vs loss cts
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
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 investor interest class stock 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 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 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 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 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
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
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
national bancorp inc year end loss oper shr loss dlr oper loss dlrs note prior year results available company completed public offering april 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
cyclops cyl give data group cyclops corp said board rejected request cyacq corp investor group non public information cyclops maker specialty 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
laidlaw declares three two split boosts payout cts shr four cts
eagle industries inc st qtr net shr cts vs cts net vs revs mln vs mln avg shrs mln vs mln 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
inc year net shr cts vs dlrs net vs revs vs note shr november class subordinate floating share issue reuter
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 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 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 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
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
mannesmann considering majority stake fichtel mannesmann ag f spokesman said company 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
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
kaufman broad home corp st qtr feb shr cts vs seven cts net vs revs mln vs mln avg shrs mln vs mln 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 accounting undisclosed terms software revenues dlrs year ended june reuter
sun raises crude postings cts effective today wti dlrs bbl
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
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 shipping sources said however claims could court found design involved said estimates compensation claims 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
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
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
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
fed heller says wants see stronger japanese demand american goods
supermarkets inc st qtr jan shr cts vs cts net vs sales mln vs mln prior year net includes pretax charge dlrs eight stores 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
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 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
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
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
fidelity unit acquires california concern fidelity national financial inc said fidelity national title insurance co subsidiary acquired operations title insurance co northern california counties san terms acquisition disclosed 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
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
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
acquires van chain restaurants inc said acquired van inc chain ten franchises one corporate restaurant unspecified amount cash shares reuter
americus trust initial qtrly div americus trust bristol myers shares announced initial dividend cts payable may shareholders record april 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
group tendering gencorp says holds pct gencorp common
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 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 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
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
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 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
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
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 veba two banks said eventually wanted reduce stake shipping group pct 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 protectionist sentiment congress reagan administration stepping rhetoric taiwan korea urging countries allow currencies appreciate lift free trade 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 heart u manufacturing base cuts directly us customers said bob manager economic studies 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 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
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
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
italy ferruzzi takes spanish mill italy ferruzzi spa taken pct stake spanish 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 tonnes day raw cotton reuter
chemlawn says rejects dlrs per share tender offer waste management
tokyo bank japan buys small amount dollars dealers said
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
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
caesars world says considers restructuring sale company
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
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 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
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
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
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
black complete acquisition black corp said completed contractors planning group inc exchange shares contractors headquartered garden city n branch offices philadelphia boston conn 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
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 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 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 republic malaysia venezuela countries could added list senate staff members said bill still drafting stages broad support expected approved committee tomorrow 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 u ambassador michael replied debate e c charges willing continue bilateral talks 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
jim walter corp nd qtr shr cts vs cts
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
fed sets two billion dlr customer repurchase 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
g c 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
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
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
diagnostic products sees earnings growth diagnostic products corp president chief executive officer ziering said expects maintain 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 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
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
correction shaw supermarkets earnings item headlined shaw supermarkets inc shaw year jan please read per share earnings drs vs dlrs correcting order results 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
advanced sciences year loss shr loss cts vs loss cts net loss vs loss revs vs note th qtr data available 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 trade bill intends help u companies sell products abroad fight unfair foreign trade practices separate proposals 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
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
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
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
treasury baker says hopes prime rate increases temporary
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
energy co sets regular payout qtly cash distribution five cts vs five cts prior pay april record march 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
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
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 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
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
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
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
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
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 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
hospital services st qtr net qtr ends feb shr six cts vs three cts net vs revs vs note full name hospital services inc prior year includes extraordinary gain one ct per share 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 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 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 economy heading recovery reuter
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
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
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
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
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 equipment clubs reuter
h f co qtly dividend shr cts vs cts prior qtr pay june one record may 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
dollar general corp qtly dividend qtly div five cts vs five cts prior payable april three march 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
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
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
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
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 valley county ill r r said reuter
corp quarterly dividend qtly div five cts vs five cts pay may record may 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 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
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 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
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 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 also faced expensive necessary fleet aircraft preferring strong 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
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
general ltd year net shr cts vs cts net vs revs vs avg shrs vs 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
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
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
baker 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
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
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
green acres lp raises quarterly qtly div cts vs cts prior pay aug record june reuter
vtx vtx sets split vtx electronics corp said board declared five four stock split payable april nine holders record march reuter
consumers power sees one time st qtr loss seven cts shr suit
lincoln national corp votes dividend qtly div cts vs cts prior qtr pay may record april 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 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
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
corp raises quarterly qtly div nine cts vs eight cts prior pay may record march reuter
inc year loss shr loss given net loss sales note company june fourth quarter loss dlrs 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
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
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
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 told reuters interview said system would current talks world bank international monetary fund hoped would backed fresh foreign aid funds kaunda dismissed central bank statements new auction system would used 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
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
industries inc st qtr feb shr cts vs cts net mln vs mln revs mln vs mln reuter
completes sale unit inc said completed previously announced disposition computer systems division investment group led inc technology partners ltd affiliate reuter
ferris bfi declares split browning ferris inc said board declared two one stock split payable april holders record march 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 two past periods allowance rules allowed prt expenditure announced also rules corporation tax advance corporation tax relating called 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 south thus greater capital labour requirements waters south said prt relief certain research expenditure would help fundamental research oil industry although benefits research would seen several year 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
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
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
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 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 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
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
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
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
ocean chem inc year net shr eight cts vs seven cts net vs sales vs 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
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
u k money market shortage forecast revised bank england said revised estimate deficit system today mln stg mln 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
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
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
transamerica ta gain unit sale transamerica corp said expects realize gain mln dlrs previously announced sale group life health operations 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 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
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
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
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
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
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
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
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
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
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
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
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
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
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 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
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
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
citroen expects higher profits helped ax citroen expects rising sales new ax compact car help boost profits significantly year continuing financial recovery six years losses president jacques said speaking reporters weekend new ax sports model said 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 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
texas utilities co mths feb net shr dlrs vs dlrs net mln vs mln revs billion vs billion avg shrs mln vs mln reuter
american shared hospital services year period ended december shr profit cts vs loss cts net profit vs loss revs vs 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
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
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
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
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
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 texas utah wyoming along federal continental shelf leases offshore southern california gulf mexico chevron said 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
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
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 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 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
sells stock european institutions corp said received commitments group european institutions buy shares dlrs closing expected march 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
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
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 divestiture order reuter
sell store inc said entered agreement sell last remaining store original liberty house california operation h san inc terms disclosed 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
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
green 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
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
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
sees plus chrysler amc merger attorney general edwin said saw benefit proposed purchase american motors co amo chrysler corp c would return 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
waste management chemlawn offer raising dlrs share dlrs
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
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 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
sheldahl votes three two stock split sheldahl inc said directors approved three two stock split payable april record april 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
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 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
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
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 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
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
co ftc year net shr cts vs cts net vs revs vs 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
canadian roxy petroleum ltd year net shr profit five cts vs loss cts net profit vs loss revs mln vs mln reuter
u energy chief sees promise oil tax change energy secretary john herrington said proposed option raise oil depletion allowance pct probably 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 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
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
charter federal jefferson savings agree merge
bat industries pretax profit billion stg vs billion
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
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
tool company says baker international merger plan terminated
charter crellin acquire plastics charter crellin inc said signed letter intent acquire outstanding shares plastics inc capital stock charter crellin plastic product maker said precision engineered specialty plastic products automotive industry company said deal subject execution definitive purchase agreement 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
jim walter corp sets payout qtly div cts vs cts prior pay april one record march 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
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
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
silicon valley bancshares sets stock payout silicon valley bancshares said declared five pct stock dividend payable may shareholders record april reuter
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 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
corp sets quarterly dividend qtly div cts vs eight cts prior pay april one record march 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
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
stanley works makes acquisitions stanley works said acquired acme holding corp maker door hardware designs patents plan designer co provides home design projects said acme sales mln dlrs terms disclosed reuter
corp year loss shr loss cts vs loss cts net loss vs loss revs vs avg shrs vs 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
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
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
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
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 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
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
union agree cut n port costs new york shipping association international association said agreed cut cargo port new york new jersey pct labor intensive charges cargo handled union workers reduced dlrs ton dlrs ton effective april one according agreement union used fund workers benefits lowering price get bulk cargo flowing spokesman new york shipping association said
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
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
san paolo di cuts prime rate pct pct official
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 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
ltd st qtr feb net shr dlrs vs dlrs net mln vs mln note net asset value per share dlrs vs dlrs reuter
federal signal corp regular dividend qtly div cts vs cts previously pay june two record may reuter
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
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
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
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
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
combustion csp completes accuray buy combustion engineering inc said completed previously announced acquisition accuray corp merger closed friday dlrs per share 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 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
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
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
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
des moines inc acquire steel unit des moines inc said acquire chicago steel corp exchange portion stock 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
h j heinz co rd qtr shr cts vs cts
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
inc raises quarterly qtly div three cts vs cts prior pay april record april six 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
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
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
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
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
currency futures climb likely 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 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
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
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 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 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 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 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
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 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 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
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
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 co part planned program divest five businesses mln dlrs assets corp railway maintenance equipment co already sold reuter
u senate panel makes conservation exemption u senate agriculture committee approved measure would exempt farmers multiyear federal conservation requirement sen edward said bill would restore equity federal rules currently deny farm program benefits farmers multiyear without 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
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 main cause tension gulf said iran would continue use 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 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
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
travel inc st qtr feb net shr two cts vs nil net vs sales vs 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
h j heinz 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 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 program effect company united kingdom operations labor force expected reduced 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
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
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 auditors came result securities exchange commission involvement company amend option granting procedure 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
schlumberger slb may alternate buyer schlumberger ltd likely alternate buyer 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
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
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
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
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
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
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
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
h r block sees gains tax reform april tax return deadline less month away 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 take new forms place side side compare people 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 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
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
noranda spin forest interests separate company
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 girozentrale f mitsubishi bank ltd snc banco sa spa banco e de shareholdings 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 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
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
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
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
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
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
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
delta air lines completes acquisition western air
dayton hudson corp th qtr oper shr dlrs vs dlrs
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
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
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 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
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
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
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 also oklahoma companies said five plants miles transmission lines five oklahoma counties 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
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
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
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 mines seven coal preparation plants currently operated eastern well coal properties 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
new institution savings year net mln vs note company went public march 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
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 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 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
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 costs weakened u dlr reuter
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
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
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 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
toronto dominion bank cuts prime rate pct pct tomorrow
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
co sets quarterly qtly div cts vs cts prior pay may record april reuter
mail 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
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 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 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
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
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
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
lucas sees continued growth second half lucas industries plc l said underlying performance would continue improve second half profits would 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
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
providence energy acquisition providence energy corp said completed purchase north gas co terms disclosed north serves residential customers commercial customers industrial customers 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
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
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 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
canadian pacific ltd th qtr oper net cts vs cts
bundesbank sets day securities repurchase tender fixed pct
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
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
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
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
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
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 reuter
co inc st qtr net qtr ends feb shr cts vs cts net vs revs vs 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
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
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
corp calendar div vs net profit billion vs billion sales billion vs bilion note company set sales target billion reuter
cummins engine co inc sets payout qtly div cts vs cts prior pay june record june 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
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 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
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
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
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
holdings inc year jan net oper net mln vs mln revs bilion vs billion note parent industries inc acquired leveraged buyout december 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 monopoly west germany especially far deciding able provide telecommunications equipment 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 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
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
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
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
varian buys international varian associates inc said acquired outstanding stock closely held international inc undisclosed amount cash based city calif supplier phase preparation products used prepare chemical analysis varian said 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 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 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 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
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
acquire gold property stake resources inc said agreed acquire pct interest already gold property near ontario paying nine mln dlrs steel corp ltd granting four pct net return royalty payable property drill indicated reserves depth feet estimated one mln tons averaging ounces gold ton said reuter
top discount rate uk bill tender rises pct
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
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
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
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 range systems diplomats said france expressed doubts removing u missiles europe long soviet union maintains edge particularly 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 patent rights blood test aids joint statement chirac reagan said institute paris national institute maryland agreed give part royalties test new foundation fight aids acquired deficiency agreement opens new franco american cooperation allowing france united states join efforts control 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 ceremony white house east room reagan describing france america war come tell remain freedom face dangers war new 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 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
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
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 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
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
revlon buys cosmetics beecham group undisclosed terms
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
houston industries inc increases div qtly div cts vs cts prior payable june record may 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
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
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
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
h co ltd increases dividend semi annual cts vs cts prior pay june record june 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
bull bear equity income fund div new york march qtly div eight cts vs eight cts prior payable march record march 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 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
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 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
princeville pvdc gets letter credit qintex ltd 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
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 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 use major general agreement tariffs trade closed today senior u official commented 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
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
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
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
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
westlb luxembourg reports lower net profit 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
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
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
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 fairly big told reuters doubt could used target shipping across strait hormuz 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
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
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
sun raises crude oil postings one dlr across board wti dlrs bbl
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
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
resorts international gets buyout proposal ksz co inc
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
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
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
washington gas light co hikes payout qtly div cts vs cts prior pay may one record april 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
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
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
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
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
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
german february trade surplus billion marks jan surplus billion official
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
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 traffic following attacks europe u libya 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
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
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
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
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
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
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
dudley taft narragansett capital pursue taft broadcasting bid
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
management corp st qtr loss qtr ended nov shr loss nil vs profit nil net loss vs profit revs vs 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 net interest expense mln dlrs dlrs taxes reuter
summit resources ltd year net shr given net vs revs mln vs mln reuter
goodyear tire receive mln dlrs goodyear aerospace loral corp
ltd raises payout qtly div cts vs eight cts prior pay april record march 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
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
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
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
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
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
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 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
nl industries inc nl sets qtrly payout qtrly div five cts vs five cts qtr pay april one record march 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
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
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
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 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
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
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
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
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 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
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
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
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 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
corp regular dividend qtly div cts vs cts prior qtr payable record april reuter
ge ge profit outlook aided engine order one general electric co biggest businesses aircraft engines 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
key centurion completes acquisitions key centurion bancshares inc said completed previously announced acquisitions union bancorp west virginia inc bancorp inc reuter
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
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
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
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
international inc st qtr dec net shr two cts vs two cts net vs revs vs 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 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 budget three year period also outlined board meeting noting mln dlrs comparable figure years 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 according usda data 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
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
metropolitan financial corp votes payout qtly div cts vs cts prior qtr pay april record april reuter
sumita says major nations cooperated stabilise currencies
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
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
toyota motors signs purchase agreement state owned philippine national bank fund toyota motor corp planned purchase 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 later delta assets reuter
treasury baker says u remains prepared foster exchange rate stability
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
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
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
douglas computer international year net shr seven cts vs one ct net vs sales vs reuter
top discount rate u k bill tender falls pct
american express axp seen possible american express co remained market rumors would spinoff part shearson lehman brothers inc analysts said company may considering move 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 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
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
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
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
co calendar div vs net profit billion vs billion sales billion vs billion note company set sales target billion reuter
petroleum resources corp dividend interim income dividend cts last paid dlrs february including capital gains cts april record april eight 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
national said cutting u k mortgage rate pct pct
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
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
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
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
american variety international inc nine mths march end shr loss seven cts vs loss cts net loss vs profit revs vs 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 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
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
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
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
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
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
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
raytheon co sets quarterly qtly div cts vs cts prior pay april record april reuter
science dynamics corp year net shr cts vs cts net vs revs vs reuter
zayre corp th qtr shr cts vs cts
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
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
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 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
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 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
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
pumps inc sets regular payout qtly div cts vs cts prior pay april record april three reuter
spectrum control inc sets quarterly qtly div cts vs cts prior pay april record april one 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 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
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
inc regular dividend set qtly div cts vs cts previously pay april record march 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
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 foreign debt failing make investment needed generate growth earn money service debt said process 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
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 shares shortly thereafter 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
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
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
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
bp bp offer raises expectations oil values british petroleum plc plan pay billion dlrs less half standard oil co 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
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
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
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
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
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
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
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
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 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
thatcher 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
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
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
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 sector heads made following specific predictions cost funds net credit loss levels u unit coming years relatively levels customer net revenue mortgage banking area rise mln dlrs mln international consumer business show pct annual growth earnings private banking earnings hit mln dlrs top mln dlrs 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 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
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
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
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
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
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 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 southern france possibly italy paul oil analyst salomon brothers inc said 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
treasury mulford says g currency target zones ranges
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
volcker says fed policy responsible prime rate rise
inc st qtr jan net net vs revs vs 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
inc sets stock split inc said board declared three two stock split payable april record march reuter
ferruzzi negotiating european acquisition italy ferruzzi advanced stages negotiations could result acquisition worth hundreds lire european 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
ltd year net shr cts vs cts net vs revs mln vs mln note net includes gain dlr gain discount purchases materials prior years 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
orange co holder raises stake orange co inc said largest shareholder summit inc increased stake pct pct owns shares 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
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
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
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
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
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
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
tonka corp raises dividend qtly div two cts vs cts pay march record march 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
corp st qtr jan loss shr loss cts vs profit six cts net loss vs profit revs vs avg shrs vs 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
reichhold chemicals inc exploring possible sale european subsidiary
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
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
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 rather later sale pct treasury bonds due occurred active bullish gilts market downward pressure money market rates remained 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 funding national savings must taking building societies criticism heart looks like national savings move reflects one senior dealer said savings department spokesman refused comment 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
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
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
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
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 inc mln corp mln 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 reuter
northeast utilities year shr dlrs vs dlr net mln vs mln revs billion vs billion 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
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 action may required inc plant former owner split cost buffton said share cost dlrs reuter
lilly sell arden unit lilly co said board decided sell 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
mellon bank expects report first quarter loss mln mln dlrs
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
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
sierra pacific resources inc dividend qtly div cts vs cts prior payable may one record april 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
first federal michigan dividend hike qtly div cts vs cts previously pay may record april reuter
bundesbank hold press conference tomorrow bundesbank hold press conference regular council meeting tomorrow spokesman said answer enquiries bundesbank vice president helmut schlesinger meeting president karl otto poehl private next meeting scheduled april reuter
schlumberger says terminates pact sell fairchild semiconductor business fujitsu
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
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
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
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 industries inc mln dlrs cash notes financing come partly bank borrowings subject approval pope evans board pat shareholders pat imports apparel far east makes apparel domestically well year ended november pat earned dlrs pretax sales mln dlrs 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
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
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
barclays bank said cutting base lending rate pct pct
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
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
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
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
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
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
realty bay bay end talks commonwealth realty trust said preliminary merger talks bay financial corp terminated due failure agree terms reuter
great american corp sees st qtr charge mln dlrs loan loss allowance
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 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
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
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
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 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
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 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
washington national corp votes dividend qtly div cts vs cts prior qtr pay april record march 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
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 operators expected increase 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
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
proposes higher dividend year end dec proposed dividend francs vs francs note full name company sa pa 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
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
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
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 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
diamond shamrock sets pct proration factor tendered shares
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
penney 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
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
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
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
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
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
corp th qtr net shr cts vs cts net vs revs vs year shr cts vs dlrs net vs revs mln vs mln reuter
cont l illinois says brazil moratorium could cut st qtr net mln dlrs
franklin new york tax free income fund payout mthly div cts vs cts prior pay march record march two 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
danish overnight money market rate cut pct central bank
international thomson organisation ltd year shr p vs p
corp sets quarterly qtly div six cts vs six cts prior pay april record march 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
fed sets billion dlr customer repurchase fed says
davis water 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 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
hughes supply inc sets quarterly qtly div cts vs cts prior pay may record may 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
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
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
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
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 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
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
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
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
inc semi annual dividend semi annual div four cts vs four cts pay april record april 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
cyacq offers raise cyclops buyout dlrs shr dlrs
inc buys undisclosed amount inc said acquired inc houston based custom high pressure process vessels energy petrochemical industries said group companies manufacture systems oil gas petrochemical utility pulp paper marine industries 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
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 situation south africa required amount management norton said unit profitable norton said provide south unit future technical support products agreement continue marketed norton 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
inc sets quarterly qtly div two cts vs two cts prior pay may record april reuter
santos ltd stos year end dec net profit dlrs vs mln
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 reserves mln dlrs prior year net includes tax credits mln dlrs quarter mln dlrs half 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
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
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
mellon 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 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 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 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 mellon financial strength deal current uncertainties barnes said cannot predict uncertainties presently trouble us end confident managing aggressively added 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 accident said pipeline carries oil turkey customers iraq field terminal turkish mediterranean coast iraq main oil 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
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
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
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
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
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
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
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
federal corp sets regular dividend qtly div cts vs cts prior pay june record may 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
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
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
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
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
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 affiliated companies inland market sales maintained around previous year levels growth prospects remained weak results unlikely repeated current financial year 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
dome dmp dome mines stake sale dome petroleum ltd pct stake gold producer dome mines ltd continues sale right price spokesman david annesley said response inquiry 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
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
wallace computer services inc dividend qtly div cts vs cts previously pay june record june one reuter
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
acquires control u k ticket group consolidated inc said acquired pct stake ticket group plc london undisclosed terms 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
sterivet sets three one share split sterivet laboratories ltd said board authorized three one split outstanding common shares subject shareholder approval annual meeting reuter
gencorp sell los angeles television station walt disney co
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
bank france leaves money market intervention rate unchanged pct official
sumita says bank japan intention lowering discount rate
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
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 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 reuter
fed says buys mln dlrs bills customer may sept maturity
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
liquidating trust sets cash payout unit distribution one dlr vs dlrs prior pay june one record may one note prior distribution declared april 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
standard oil raises alaska north slope dlrs effective april one
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
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
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
k mart corp raises dividend pct votes three two stock split
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
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
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
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 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 increase government revenue boost exports provide incentives exploration development said government currently reviewing oil tax structure 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
dome petroleum ltd year oper shr loss dlrs vs loss two cts
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
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
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
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
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
n z ports reopen 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
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 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
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
total systems services st qtr net shr nine cts vs seven cts net vs 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
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
corp six mths dec net shr four cts vs three cts net vs revs mln vs mln 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
us west hikes dividend qtly div cts vs cts prior pay may record april 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 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
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
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 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
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
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
ccr video corp st qtr nov net shr profit two cts vs loss cts net profit vs loss revs vs reuter
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
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
cra expects pay final dividend cents cra ltd said expected pay final dividend less cents share july making cents year mining 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 exception gold producers prices major metals expressed real u dollars declined lowest levels years said 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 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 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
american international group qtly div qtly div cts vs cts prior pay june record june 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
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
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 u cable tv operation fewer shrs outstanding 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
canadian co ltd year net shr dlrs vs dlrs net mln vs mln revs mln vs mln reuter
italy bnl negotiating purchase german bank italy state owned banca 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
standard yr loss shr loss cts vs loss seven cts net loss vs loss revs vs note full name company standard inc 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
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
summit tax exempt bond fund sets payout qtrly div cts vs cts prior pay aug record april one 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
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
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
hudson foods make acquisition hudson foods inc said agreed principle acquire cos inc poultry beef products midwest supermarkets food distributors sales mln dlrs year ended november one company said definitive agreement expected signed april terms disclosed 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 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
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
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
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 asked comments proposal april reuter
fitness inc year dec loss shr loss cts vs loss cts net loss vs loss revs vs avg shrs vs 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
seal inc st qtr jan net shr cts vs cts net vs sales vs reuter
bramalea ltd year net shr cts vs cts net mln vs mln revs mln vs mln avg shrs mln vs mln 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
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 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 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 changes would like see last month bank endorsed economic changes already introduced indonesia 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 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 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
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 related equipment mining consists operations sweden australia brazil france great britain spain appleton wis minerals systems business operations west allis wis quebec canada reuter
penney 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
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
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
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
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
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
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
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
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
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 venezuelan crude oil stability supply refiners said venezuela currently produces mln bpd crude oil line bpd opec ceiling 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
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
baldrige says changes needed exchange rates currencies pegged dollar
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 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 wednesday earliest 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
bank france money market intervention tender official
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
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
utilicorp recommends three two split dividend increase additional class stock
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 sets stock split ups cash payout pct
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
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 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 said u views would considered informal consultations europeans would also free bring complaints american civil aircraft practices delegates said u position appeared give broad rules suggest civil aircraft accord needed negotiating matters would considered informal meetings 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
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
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 dot friday dot application late friday grounds necessary data government review proposed usair takeover bid icahn complete application form monday rule pledged act icahn twa violation found 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
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 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
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
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 gatt round succeed said clearly countries need develop export need open markets happen basic objective new gatt round said said gatt round long term give short term relief debt 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
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
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
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
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
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
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 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
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
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
amoco first south china sea exploratory well flows barrels oil daily
gibbs inc sets payout semi div cts vs cts prior pay april record march 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
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
franklin resources inc ben qtly dividend shr six cts vs six cts prior qtr pay april record march 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
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
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
nippon steel affiliates considering merger steel co ltd steel co ltd affiliates nippon considering merger company spokesmen said steel owned pct nippon steel owned pct nippon 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
best products co inc th qtr shr dlrs vs cts
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 said latest monthly assets stood billion dlrs january last year 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
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
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 good orders several new product introductions 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
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 door door transit times cargo better rail traffic moving puerto rico north 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
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
treasury baker forecasts reduction japanese trade surplus year
brazil trade surplus rises february trade surplus doubled february mln dlrs january mln mln february official figures show director banco brasil foreign trade department 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
center properties ups payout center properties inc said raised quarterly dividend cts cts share dividend payable april shareholders record april 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
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
freeport mcmoran oil gas fmr payout rises mthly div cts vs cts prior pay april record march 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
snyder oil partners lp sets quarterly qtly div cts vs cts prior pay april record april 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
emery air freight corp offer dlrs shr purolator courier corp
lawson products inc laws raises qtly payout qtly div seven cts vs six cts prior pay april record april three 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
treasury baker says exchange rate changes reduce trade deficit year
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
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
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
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
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
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
alusuisse group net loss mln swiss francs loss mln
cri insured set special distribution cri insured mortgage investments inc said advisor recommend special distribution cts per share due sale 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
royal bank canada st qtr shr cts vs dlrs
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
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
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 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
asbestec industries sets stock split asbestec industries inc said board declared three two stock split payable april record april three 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 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
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
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
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 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
corp qtly dividend qtly div cts vs cts prior payable may one record april three 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
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
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
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
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
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
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
declares stock dividend said board declared seven pct stock dividend payable may holders record april earlier company reported net income mln dlrs 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
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
louisiana pacific buy plant louisiana pacific corp said reached non binding agreement principle buy plant seattle purchase price details agreement disclosed reuter
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
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 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
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
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
comprehensive care corp quarterly div qtly div nine cts vs nine cts pay may record may 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 icn focus investor attention recent months clinical possible treatment aids related 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
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
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
inc raises quarterly two cts qtly div cts vs cts prior pay april record march 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
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 experience control situation quick period said port officials said national halt already caused losses estimated mln dlrs despite presence marines reports incidents 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
kaufman broad inc st qtr feb net shr cts vs cts net vs revs mln vs mln avg shrs vs 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 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 special taiwanese trade delegation leaves washington tomorrow try 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
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
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 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 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 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
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 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
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
baker says u willing cooperate stabilize exchange rates
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
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
amoskeag bank seek amoskeag bank shares inc portsmouth savings bank said file 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
fed says sets billion dlrs customer repurchase agreements
treasury baker sees billion dlr u trade deficit reduction year
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 told reuters fear people died though way 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
cb financial corp year net shr dlrs vs dlrs shr diluted dlrs vs dlrs net vs reuter
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 banks bidding high ensure successful paying lower marginal rate analysts said central bank also announced auctions would weekly beginning april 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
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 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 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 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
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
iraq oil minister ahmed replaced iraqi news agency reports
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 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
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
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
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
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
soviet grain products ministry criticised soviet communist party criticised country grain products ministry failing ensure proper grain storage turning poor quality unsatisfactory book keeping said party daily said losses industry 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 seek grain supplies national reserves news agency announced yesterday grain products minister retired replaced alexander senior food industry official added today crisis industry drawn attention two 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
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
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
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 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 american express stock total dlrs two days bring friday close said issued statement sunday similar statement 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 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
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
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
general host corp sets quarterly qtly div six cts vs six cts prior pay april three record march 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
labs inc st qtr jan net shr cts vs seven cts net vs sales vs 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
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
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
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
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
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
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
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
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
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
british farm minister attacks subsidies farm subsidies protectionist moves threaten healthy trade sides atlantic michael british minister agriculture food warned would another dispute europe united states said remarks prepared evening speech things clear apply sides atlantic cannot continue 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 member ec agriculture committee indiana visit several prior talks u officials washington later week 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
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
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
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
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
sumita says major nations continue cooperate stabilize currencies
met pro corp pay regular dividend qtrly cts vs cts prior pay may eight record april reuter
bankamerica raises prime rate pct bankamerica corp following moves major banks said raised prime rate pct pct effective today reuter
gencorp says alternative hostile tender announced within week
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
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
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 said inquiries accident happened hydrocracker operation continuing earlier incident two people killed explosion fire refinery march 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
rocky mountain medical corp st qtr loss dec shr loss one ct net loss revs note company went public april reuter
increases qtrly div cts cts end body
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
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
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
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
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
industries inc st qtr jan loss shr loss cts vs loss cts net loss vs loss revs vs 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
medtronic inc sets quarterly qtly div cts vs cts prior pay april record april 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
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
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
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
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
swissair z year net mln swiss francs vs mln div francs per share vs turnover billion vs billion reuter
american express raises qtly dividend cts cts
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
basf world group pre tax profit billion marks vs billion
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
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
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
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 happen fast said analyst victor gartner group 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
occidental oxy big peru heavy oil find occidental petroleum corp said development well block ab jungle producing barrels degree gravity oil per day feet company said drilling new exploration well block southeast miles away 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
macmillan stock split approved macmillan ltd said shareholders approved company previously reported proposed three one stock split 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 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 government argue strong argument japan since united states imposing tariffs anything said anything senior official sounded likelihood prime minister yasuhiro nakasone u anger japanese trade practices visits washington april think trade friction sudden visit said nakasone widely expected present package measures president reagan help contain u frustration japan large trade surplus senior official played expectations reuter
northview corp year net shr cts vs cts net vs revs mln vs mln reuter
schwab safe co ups payout qtly div cts vs cts prior pay april record march reuter
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
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
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
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
federal express corp rd qtr oper shr cts vs cts
systems inc regular payout set qtly div five cts vs five cts prior pay april record march 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
inc st qtr net shr cts vs cts net vs assets mln vs mln 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
national banc commerce co sets payout qtly div cts vs cts prior pay april eight record march 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 reports said dresdner shareholders may offered one free share every already held 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
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
peoples savings bank raises quarterly qtly div cts vs cts prior pay april record april one 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
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
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
corp th qtr net shr cts vs cts net vs sales vs year shr cts vs cts net vs sales mln vs mln 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
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
pancanadian sell north sea properties unit cash
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
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
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
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 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 headquarters calif reuter
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
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
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
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 told reporters 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
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
u securities industry backs restraints takeovers insider trading
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 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
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 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
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 impose taxes lot american products said would avoid said congressmen seem japan massive trade united states ec nations ec nations hurt 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 officials cross atlantic way work serious way two big powers de croo said reuter
analyst says dart group likely bidder supermarkets general
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
gas co pays regular div qtrly div cts vs cts pay april record march 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
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
lake gold mines inc year loss shr loss seven cts vs loss cts net loss vs loss revs mln vs mln 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
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
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 generate greater earnings power said first quarter earnings likely exceed company expectations stated yesterday dlr share range 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
tokheim corp st qtr feb net shr cts vs cts net vs rev mln vs mln 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
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
inc st qtr dec loss net loss vs profit sales vs note per share data available company went public january 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 share dealings battle distillers retained position board spokesman guinness immediately available comment statement 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
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
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
enterprises inc year net shr cts vs cts net vs revs mln vs mln reuter
banking savings hikes prime rate banking savings said raising prime rate pct pct effective today 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
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
bangladesh trade deficit narrows october bangladesh trade deficit narrowed billion october billion september billion october central bank said imports dropped billion october billion september billion october exports totalled billion october billion september billion october 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 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
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
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
grain elevator burlington iowa grain elevator burlington iowa today leaving five injured elevator operated archer daniels midland co ill terminal elevator mississippi river snyder assistant vice president said cause explosion extent damage elevator known 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 based howard inc said surprised market rumors tenneco might target takeover attempt 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 oil prices tenneco holds natural gas reserves estimated excess 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 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
co inc sets quarterly qtly div cts vs cts prior pay april record april 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
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
may sell european operations nv said part program reduce expenses talks sale geneva switzerland operations company gave details 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
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
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
dome petroleum reaffirms dome mines stake sale right price spokesman says
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
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
cooperative energy oil two wells cooperative energy development corp said two exploratory oil wells area alberta 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
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
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
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
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 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
chicago 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 canal trust nine months earnings include gain real estate dlrs dlrs share reuter
saudi riyal deposit rates remain firm saudi riyal interbank deposits steady yesterday higher levels 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
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
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 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 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
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
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
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
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
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
inc regular dividend set qtly div cts vs cts previously pay april record march 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
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
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
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
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
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
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
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
egypt soviets 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 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 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
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
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
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
united inc sets dividend qtly dividend six cts vs six cts pay april record march reuter
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
inc sets payout qtly div four cts vs four cts prior pay april record april three 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
borg warner sell industrial products business mln dlrs
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
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
bayou international gets stake amalgamated bayou international ltd said acquired pct amalgamated equities ltd australia dlrs bayou pct owned australia wide industries ltd reuter
woolworth holdings pretax profit mln stg vs mln year end january
communications completes purchase communications inc said completed acquisition radio station fm dlrs cash 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
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 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
black corp raises quarterly qtly div cts vs cts prior pay april one 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
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
county savings bank sets stock dividend county savings bank said board declared five pct stock dividend payable april shareholders record today 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
burlington coat factory warehouse corp bcf net jan end shr dlrs vs dlrs net mln vs mln revs mln vs mln 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
american sees higher st qtr yr net
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
energy corp sets quarterly qtly div cts vs cts prior pay may record april reuter
fed sets billion dlr customer repurchase fed says
park corp sets payout qtly div three cts vs three cts prior pay may record april reuter
p selected utilities hikes payouts 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 first monthly dividend four cts paid march noted reuter
metro mobile declares dividend metro mobile cts inc said declared pct stock dividend dividend distributed april holders record march reuter
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
donald trump said agreed purchase crosby estate resorts shares
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
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
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
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 dlrs reuter
planters corp st qtr net shr cts vs cts net vs 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
chase manhattan raises prime rate pct effective today
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
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 winds today southwest become west northwest tonight saturday waves build feet today tonight continue saturday wind waves diminish late weekend reuter
first federal sets quarterly qtly div four cts vs four cts prior pay march record march note first federal savings loan association 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
corp year net shr cts vs dlrs net vs revs mln vs mln reuter
national westminster bank says cutting base lending rate pct pct
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
inc votes quarterly dividend qtly div cts vs cts prior qtr pay may record april 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
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 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
resources ltd year net shr cts vs cts net vs revs mln vs mln 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
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
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
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
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
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
usa year net shr cts vs cts net vs revs mln vs mln 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
delta completes western air wal buy delta air lines inc said completed acquisition western air lines inc morning action follows u supreme court justice day overnight granting delta western request stay earlier injunction deal issued u court appeals circuit
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
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
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
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 affairs bank british columbia said 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
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 particular meeting perception developing countries gatt club rich countries added interview reuters fact many issues 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
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 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 approval redundancies within month 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
bank england signals half point cut short term rates dealers
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
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
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 flights boston open direct milan los angeles service spokesman announced march alitalia would starting new weekly service shanghai summer programme would adding extra flights european increase pct 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 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 figures part plan restructure completely port general cargo sector reuter
dow chemical co dow regular dividend qtly div cts vs cts prior pay april record march 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 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
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
nl industries inc nl set regular payout qtly div five cts vs five cts prior pay march record march 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
mim completes part buy mim holdings ltd said issued mln shares preussag ag f complete previously announced purchase pct ag preussag terms acquisition pct ag f currently resolved mim said statement owned pct ag f pct mim mim said proposing arrangement give pct 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
data general take mln dlr pretax charge redeem mln dlrs debt
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
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
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 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
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
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
exploration ltd six mths jan net shr cts vs cts net vs revs vs 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
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
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
amc says studying chrysler buyout proposal comment appropriate
forbes offering dlrs per share revlon stock
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
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
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
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
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
enterprises inc sets initial dividend qtly div five cts pay april record march 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
enterprises inc year nov net shr cts vs cts net vs revs mln vs mln 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
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
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
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 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
coca cola spokesman said rumors coke seeking takeover wendy correct
splits stock inc said board directors declared five four stock split form pct stock dividend payable april shareholders record march reuter
affiliated publications inc sets dividend qtly div eight cts vs eight cts pay june one record may 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
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
murphy raises crude oil posted prices one dlr bbl wti dlrs today
mts acquisition negligible number caesars world shares
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
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 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 goldman sachs co consider alternatives hutton offer also consider discussion possible mergers companies including emery federal express corp 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
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
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
united 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 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
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 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
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 half oil threatening u national security 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
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
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
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
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
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
end corp six mths jan net shr cts vs cts net vs revs mln vs mln 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
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
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
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
inc quarterly dividend qtly div five cts vs five cts pay april record april 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
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
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
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
pay n save st qtr jan net shr profit one ct vs loss cts net profit vs loss sales mln vs mln reuter
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 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
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 constraints herrington disclose tax incentives might advocate u officials shown interest tax benefits oil gas exploration research development new ways 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 foreign sources pct oil consumption posing serious economic national security threat 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 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 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
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
old dominion systems inc st qtr jan shr loss cts vs profit five cts net loss vs profit revs vs 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
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
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
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
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
dresdner propose dividend marks vs one bonus share issue
tektronix inc rd qtr shr vs cts
avery st qtr feb net shr cts vs cts net mln vs mln sales mln vs mln 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
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 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
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
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
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
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
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
unit acquires image technology corp hunt specialty products inc said acquired image technology corp undisclosed terms image technology makes chemicals semiconductor industry 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
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
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
u banks sets pct pct pct rates billion dlr offer
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
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
wisconsin power light co votes payout qtly div cts vs cts prior qtr pay may record april 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
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
liberty financial group regular dividend qtly div cts vs cts prior qtr payable march record february 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
ameron inc qtly dividend shr cts vs cts prior qtr pay may record april reuter
cos sets quarterly qtly div cts vs cts prior pay april record march 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 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
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
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
bp units seek five billion dlr revolving credit support standard oil tender
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
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
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
comerica raises prime rate comerica inc said raised prime interest rate pct pct effective april 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
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 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
mobil raises west coast crude prices one dlr dlrs bbl today
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
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 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 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
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
volcker says restrictive monetary policy would hurt investment
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
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
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
bank france buying dollars sources say bank france intervened paris foreign exchange market morning third 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
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
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
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
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
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
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 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
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
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 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 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
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
corp sets quarterly qtly div cts vs cts prior pay may record april 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
pillsbury co psy votes quarterly dividend qtly div cts vs cts prior qtr pay may record may reuter
advanced computer techniques year net shr cts vs cts net vs revs mln vs mln reuter
u k money market shortage forecast revised bank england said revised forecast shortage money market today mln stg mln stg reuter
scientific micro systems scientific micro systems inc said acquired technology rapidly growing supplier enhancement products disc drive 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
american water works co inc sets payout qtly div cts vs cts prior pay may record may one 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
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
stewart warner corp th qtr shr loss dlrs vs profit cts
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
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
inc five mths dec net shr cts vs given net vs given revs mln vs given 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
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
moore financial group inc sets payout qtly div cts vs cts prior pay april record april three 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
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
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
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
genetics research st qtr periods ended december shr loss cts vs loss seven cts net loss vs loss revs vs 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
creditanstalt sees higher dividend creditanstalt 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
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 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 decided accept bank brazil credit guarantees said reuter
marathon raises crude posted prices cts bbl effective today wti dlrs bbl
intelligent business st qtr jan shr three cts vs nil net vs revs vs note full name intelligent business communications corp 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
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
reagan anti protectionism stand white house says trade war unlikely
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
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 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
fsb year net net mln vs mln note company mutual savings bank reuter
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
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 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
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
burns foods inc raises payout qtly div cts vs cts prior pay april record april 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
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
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 operations three december reuter
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 another shares two universities said dealings company common stock investment purposes 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 contract needs government said deal would involve starch factories 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 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 fuel gardini president ferruzzi group said present management cpc milling business asked remain posts 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
rochester telephone corp rtc sets dividend qtly div cts vs cts pay may one record april 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
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
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
inc new st qtr jan net shr profit four cts vs loss cts net profit vs loss sales mln vs mln 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
raise bahrain oil product prices petroleum corp said raise posted prices several grades residual fuel bahrain effective march 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
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
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
ccc interest rate april six pct usda commodity credit corporation ccc interest rate loans april carry six pct rate u agriculture department said april rate march pct reflects interest rate charged ccc u treasury department said 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
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
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
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
george ltd year net shr dlrs vs dlrs net mln vs mln revs billion vs billion reuter
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
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 attributed decline new work bidding standards competitive market reuter
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 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
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
wal mart stores inc raises quarterly qtly div six cts vs cts prior pay april record march 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
louisiana pacific sell sawmill louisiana pacific corp said plans sell sawmill oregon acres construction co company said finalized early april terms disclosed reuter
ltd net profit mln dlrs vs loss mln
lawson says gradual approach cuts u k interest rates
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
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 market know going happen said usair stock trading volume mln shares twa stock rose one 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
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 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 roberts co also owns pct union texas remainder owned management 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
baker international corp sues hughes tool seeking merger completion
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 river 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
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
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 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 miti criticized privately japanese semiconductor makers see heavy handed attempts ensure success japan u chip pact 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
cannon inc sets quarterly qtly div cts vs cts prior pay march record march reuter
acquire canadian firm corp said agreed purchase industries ltd canadian wood window door manufacturer undisclosed amount cash said expects close transaction june 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
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
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 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 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
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
senior u official visit japan trade row 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
zambia copper investments ltd 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
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
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
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 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
swiss feb trade deficit mln francs jan deficit mln official
stone inc sets quarterly qtly div cts vs cts prior pay may record april one 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
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
lsb bancshares inc raises payout qtly div cts vs cts prior pay april record april one reuter
yeutter says u stress trade negotiations long term u trade policy
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
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
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
house fabrics quarterly dividend qtly div cts vs cts pay july record june reuter
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
magnetic technologies corp st half net jan end shr given net profit vs loss sales vs reuter
land co inc quarterly dividend qtly div cts vs cts pay march record feb 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
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
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
brown group inc votes regular dividend qtly div cts vs cts prior qtr pay april record march 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
china buys h k hotel cheung kong peking owned china international trust investment corp 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 deal include interior hotel room hotel stands ft site eastern side hong kong island 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
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
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
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
source venture capital inc year shr profit nil vs loss nil net profit vs loss revs mln vs 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
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
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
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
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
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 pulp market also said cut long term debt mln dlrs billion dlrs year end management changes staff cuts significantly reduced costs 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
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
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 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
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 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
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 decision may offset one time accounting change future tax liabilities new federal tax laws company recorded liabilities based 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 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
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
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 vigorously intends contest motion scheduled heard march reuter
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
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
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
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
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 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
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
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
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
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 province agency said china warned year harvest affected drought many areas 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
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 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 dollar 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
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
ag 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
firm allegheny int l ag preferred stake leeds 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
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
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
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
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
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
cannon sells stake hbo cannon venture cannon group inc said agreed principle sell pct interest hbo cannon video joint venture home 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
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
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
savings california announced federal home loan bank board fhlbb announced acquisiton south bay savings loan association calif standard pacific savings mesa calif fhlbb said south bay assets mln dlrs standard pacific mln dlrs assets fourth merger acquisition troubled savings institution year fhlbb said 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
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
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 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
holly sugar corp sets regular dividend qtly div cts vs cts prior pay march record march 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
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
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 said expects realize net tax gain approximately dlrs cts per share issuing stock intercontinental 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
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
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
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
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 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 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
first chicago raises prime rate first chicago corp said first national bank chicago raised prime rate pct pct effective immediately reuter
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
may department stores co raises dividend cts cts share
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 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 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 around pct pct currently said however likelihood oil prices would repeat last year rapid drop prospects standard 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 profits without cut back sectors reuter
echlin inc nd qtr shr cts vs cts
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
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
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
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
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
u treasury mulford reaffirms g pact foster currency stability around current levels
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
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 ecuador many banks paribas facility feel emergency financial relief job international financial 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
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
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 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
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
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
flowers industries inc hikes payout qtly div cts vs cts prior pay may record april 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
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
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
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
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
malaysia another commercial bank malaysia central bank said acquired pct stake ailing united asian bank bhd sixth largest commercial bank country 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
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
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 gencorp proposal group said ending tender offer gencorp promptly return tendering shareholders shares tendered pursuant offer group owns pct shares gencorp outstanding shares reuter
science accessories corp st qtr net qtr ends jan shr two cts vs two cts net vs revs vs 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
john sons inc sets quarterly qtly div class cts vs cts qtly div class b cts vs cts pay april record april three reuter
texaco canada cuts crude prices canadian cts bbl par grade canadian dlrs
group inc tier year ended dec loss shr loss cts vs loss dlr net loss vs loss revs vs 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
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
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
u shoe inc th qtr shr cts vs cts
brazil makes second oil discovery brazilian state oil company petrobras made second oil discovery region president jose 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 basin miles north 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
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
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
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 wish said wish said refineries production shutdowns maintain normal supply maintenance carried production shell major refinery alberta closed one month wish said associated refinery maintenance added 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
great atlantic pacific tea co inc gap div qtly div cts vs cts prior payable may one record april 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
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
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
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
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
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 plants cut overhead costs view new debts liabilities would incur amc buyout 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 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
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
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
general partners willing pay dlrs share gencorp
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
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
u k money market forecast revised deficit bank england said revised estimate today money market shortfall around mln stg flat position 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 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 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 year asia contain two thirds world population pct global productive capacity cornelissen said 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
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
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
mellon bank says cut dividend cts shr cts
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
talking point purolator courier pcc emery air freight corp topped leveraged buyout offer purolator courier corp mln dlrs wall street 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 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 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
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
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
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
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
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
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
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
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
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
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 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 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
lilco revises net include mln dlr loss provision
freedom federal recognize gain freedom federal savings bank said recognize first quarter earnings previously deferred mln dlr gain resulted sale complex said recognition comes result repayment loan granted complex sold reuter
first medical devices corp year loss shr loss cts net loss sales note company development stage 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
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
brown group inc th qtr shr cts vs cts
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
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
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 astra corporation workers trust government dutch company 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
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 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 brien said subsequent shift shares bonds could cause major falls world stock markets year ago could confident markets said brien much less certain buoyant share prices reflect 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 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 trade tensions dollar slide mean securities markets 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
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
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
tokheim 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
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 also focus computers together communications networks 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
first financial ffmc buys first financial management corp said acquired corp unit north bank paying dlrs cash guarantee dlr note held north first financial provides data processing services community banks financial institutions said acquisition expand customer base 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
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
texstyrene corp foam mths dec loss shr loss cts net loss revs mln avg shrs mln note company went public february 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
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
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
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
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
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
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 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 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 africa leading industrial nations expected consider new forms debt relief poorest nations like sub next week meetings 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 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 metals trading 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
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
corp year net shr cts vs cts net vs sales mln vs mln note results include operations new england inc acquired sept 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 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 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
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
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
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
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
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 mln dlrs spokesman said mitsui co intends import imatron diagnostic equipment japan said reuter
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
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
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 could people almost 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
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
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
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 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
america first mortgage sets special payout america first guaranteed mortgage fund two said making special distribution cts per exchangeable unit includes cts return capital cts income gains 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
french week bill average rate falls pct pct official
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
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
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
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
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
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
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
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
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
montgomery street income mts monthly dividend mthly div cts vs cts pay april record april 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
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
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
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
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
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
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
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
inc regular payout qtly div three cts vs three cts prior pay march record february reuter
alusuisse sees possible break even schweizerische ag 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 allowed levels forcing alusuisse adopt pct capital cut approved shareholders april jucker said 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 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
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
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
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
city national corp raises dividend shr cts vs cts pay april record march 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
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
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 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
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
u k cons gold u purchase u k trade department said would refer consolidated 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
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
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
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 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 level denied dumping chips rock bottom prices united states uses proof dumping present said sales though 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
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
allegheny beverage says group interested acquiring service america corp unit
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
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 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
usair group inc u sets quarterly qtly div three cts vs three cts prior pay april record april reuter
currency falls foreign exchange auction 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
bankamerica says st qtr net cut mln dlrs due brazilian loans
environmental power corp year net shr profit cts vs loss cts net profit vs loss revs vs 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
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
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
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
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 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
canterra energy drill well nova scotia canterra energy ltd said drill exploratory well shelf 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
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
j p morgan says brazil action reduce first quarter net mln dlrs
data measurement corp th qtr shr cts vs cts net vs revs mln vs mln note shrs reflect stock split 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
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
cont l illinois sees months brazil debt talks continental illinois corp chairman john swearingen said sees negotiations 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 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
allegheny power system inc sets payout qtly div cts vs cts prior pay march record march reuter
exploration partners ltd payout qtly div cts vs cts prior pay june one record may eight 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
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
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
industries inc sets quarterly qtly div cts vs cts prior pay april record april reuter
hmo america inc year loss shr loss cts vs profit cts net loss vs profit revs mln vs mln avg shrs vs 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
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
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
cyacq raises offer cyclops dlrs share dlrs
says higher net reflects gold sale rise gold mines ltd attributed rise net profit higher prices increase gold sales ounces ounces 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 mill circuit mill ball mill circuit boost output pct end 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 gas industrial air tool industries ftc said order requires cooper must get ftc approval acquiring companies natural gas hand held industrial tool businesses 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 dollar reuter
lighting inc st qtr feb net shr cts vs cts net vs sales mln vs reuter
yeutter says stock market japan trade dispute
beneficial corp sell insurance unit removing company insurance business
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
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
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 inc sets stock split co inc said board declared two one stock split payable may holders record april reuter
hudson bay co year oper shr profit cts vs loss dlrs
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
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
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 countries pacific western recently acquired canadian pacific airlines mln dlrs canadian pacific ltd cp reuter
manufacturers hanover corp mhc sets dividend qtly div cts vs cts prior pay april record april one reuter
west airlines rd qtr net qtr ended jan shr one ct vs nine cts net vs revs vs note nine mth data unavailable 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
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
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
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
rostenkowski says oppose protectionist trade bill u house
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
major swiss banks raise customer time deposit rates point three pct credit suisse
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 mass president dealers digest inc holds pct stake cross told sec bought new shares dlrs reuter
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
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
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
reported dead ferry disaster least people died car ferry struck pier left belgium britain took part rescue operation said jan van said coming herald free enterprise found six people top vessel dead least another dead inside boat added governor west province said people still 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
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
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
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
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
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
great western savings bank quarterly div qtly div cts vs cts pay april record april reuter
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
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
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
manufacturers hanover raises prime rate pct effective today
regency ship corrects earnings regency inc said earnings per share year cts per share cts reported march company lost cts per share 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
chubb corp cb sets quarterly qtly div cts vs cts prior pay april seven record march 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
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 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 built highest safety standards salvage expert william cooper said passengers would problems getting type ship design former townsend thoresen officer said type vessels similar barge knows takes two three 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
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
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
sceptre investment counsel ltd st qtr net period ended january shr cts vs cts net vs revs vs reuter
correction simmons airlines inc loss chicago item headlined simmons airlines inc nd qtr loss please reverse qtrs figures reported 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
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
westinghouse says expects least pct earnings shr growth
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
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
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
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
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
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
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
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
inc raises qtly dividend qtly div cts vs cts prior pay may one record april reuter
federal co sets regular payout qtly cts vs cts prior payable june record may reuter
cpc international inc cpc regular dividend qtly div cts vs cts prior pay april record march reuter
brazil seamen continue strike despite court hundreds marines 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 station owners four states also continued shutdown fears combination two could lead serious fuel shortage reuter
cie financiere de paribas pa year parent company net profit mln francs vs mln dividend five francs vs comparison note financial banking group privatised government january year 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 decision options available us chairman william said statement 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
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 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
kelly oil gas partners year dec shr cts vs cts net mln vs mln revs mln vs mln 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
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
medco sets initial payout medco services inc said board declared initial annual dividend cts per share first payout payable march holders record march 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
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
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
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 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
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
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
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
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
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
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 payment stock dividend increases outstanding common stock shares shares 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 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
dillard stores inc declares qtly div qtly div three cts vs three cts prior pay may record march 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
chicago futures leader says markets 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 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 day think settlement morning effect longer period time think issue 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 trading account board also proposed requiring brokers engaged trading elsewhere record personal trades minute curbing trading broker groups changes time extremely positive effect marketplace going prove increasing volume time said 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
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
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
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
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 pacific coast expansion 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
cable tv inc sets quarterly qtly div six cts vs six cts prior pay april record april nine reuter
conrac says mulling restructuring buyout alternatives
iowa resources inc declares qtly dividend qtly div cts vs cts prior pay may record april reuter
c holdings inc sets quarterly qtly div cts vs cts prior pay march record march 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
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
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
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
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 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 low two mln bpd august compensate slack demand production opec states saudi arabia 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 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
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 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
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
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
franklin resources inc ben sets quarterly qtly div six cts vs six cts prior pay april record march 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
plc pre tax profit mln stg vs mln
canada day bills average pct making bank rate pct
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
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
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
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
scale co sets quarterly qtly div cts vs cts prior pay may record april reuter
southwestern bell votes three one stock split pct dividend increase
hutton lbo extends expiration dlr shr offer purolator april today
affiliated publications inc sets payout qtrly div eight cts vs eight cts prior pay june record may 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 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 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
national westminster bank said cutting base rate pct pct
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 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
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
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 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 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
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 said 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
two hundred feared dead ferry disaster people feared dead british cross channel ferry 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
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
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
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
temporary sets split temporary personnel inc said declared three two stock split payable may stockholders record april reuter
fed johnson says see increasing pressure interest rates
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
viacom international inc via sets quarterly qtly div seven cts vs seven cts prior pay may eight record april 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 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
continental illinois raises prime rate continental illinois corp said raised prime rate reuter
royalty trust sets monthly payout cash distribution cts vs cts prior pay april record april 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
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
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
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
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
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 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
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
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
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
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
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
lp sets initial quarterly lp said make initial quarterly distribution cts per unit april holders record march partnership said dividend greater pay fourth quarter results anticipated results year first quarter said expects comparable distribution second quarter said cts per share first quarter amount taxable income 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
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
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
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
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 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
inc aug sets quarterly dividend qtly div cts vs cts pay april record april 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
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
cpc international sell stakes asian units mln dlrs ajinomoto
sunter acquisition begins tender allegheny international inc
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 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
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
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
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
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 china application could considered test case said said ec strongly backed china application others among gatt contracting parties took 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 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
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
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
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
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
trade proposes new ec grain intervention rules european community ec cereals trade organisation said written ec farm commissioner 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
cra ltd net profit mln dlrs vs mln
swedish match ab st year profit net financial items mln crowns vs mln sales billion crowns vs billion proposed dividend crowns vs crowns 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
computer acquisition computer corp said purchased inc software training education company headquartered dallas terms disclosed 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
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
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
waste management ends tender offer chemlawn
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
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
computer microfilm corp year net shr cts vs cts net vs revs vs note share adjusted five pct stock dividend 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
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
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
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
buys stauffer sandoz corp king co said bought stauffer unit stauffer chemical co terms disclosed 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 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 privatisation either june july 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
first valley corp regular dividend qtly div cts payable april record march 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 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
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
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
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
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
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
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
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
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
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 figures china trade deficit totalled billion dlrs official figures show reuter
green acceptance inc sets dividend qtly dividend cts vs cts pay march record march 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
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
bally manufacturing said considering sale six flags
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
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
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 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 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
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 caused four six foot waves along western southern lake michigan morning low wind temperatures also posted across upper michigan northern lower michigan early morning winds brought wind degrees zero rain central colorado mid morning also central kansas northeast illinois snow reached south central montana across wyoming western 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
woolworth holdings says bidding mln stg superdrug stores
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
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
bank new england corp bkne qtly dividend qtly div cts vs cts prior pay april record march 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
energy ventures th qtr net net profit vs loss revs vs year net profit vs loss revs vs mln reuter
federal paper board co fbt sets payout qtly div cts vs cts prior pay april record march 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 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 current negotiations new loan billion dlrs 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 debt country 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
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
bonds plus inc monthly payout div cts vs cts prior paid april record march 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
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
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
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 developed reputation quality products serve markets said management done good job turning around telephone machine business 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
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
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
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
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 chairman chief executive ual westin hotel unit elected additional post chairman chief executive hilton international ual change name allegis annual meeting 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
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 employees also excludes gain dlrs current qtr gain dlrs six mths benefit tax loss carryforwards company went public september 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
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 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 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 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 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
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 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
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 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
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
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
ec ministers discuss strengthening ems float european community finance ministers central bankers meet belgium weekend discuss strengthening europe joint currency float amid continuing 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 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 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 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
trade interests ready battle u house u lawmakers 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 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 year angered administration said trade bill reagan would sign would worth passage congress rostenkowski set tone trade debate saying trying write legislation please lane 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
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 said 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
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
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
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
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
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
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
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
japan britain 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 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
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 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 estimate future financing costs used new accounting calculations said result dome adopted current prices costs pct discount factor calculations substantially 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
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
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
correction tate item calif item tate tate th qtr net please read quarter average shares mln mln 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
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
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
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
bahrain new money market regime bahrain 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 repurchase accord 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
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
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 reflect pct drop oil revenues 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
r l inc th qtr net shr cts vs cts net vs sales mln vs mln 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
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
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
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 agreement sale time edelman group said cut stake morse pct pct reuter
hanson sells unit mln stg hanson trust plc l said sell tobacco business formed company plc estimated mln stg cash chain stores acquired hanson took imperial group plc last year 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 available produce prices recover reuter
p pretax profit mln stg vs mln
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
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
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 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
carling keefe sells star oil unit united coal canada mln dlrs
j p morgan co inc jpm sets quarterly dividend cts vs cts previously pay april record march 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
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
opec deliberately mln barrel ceiling defend price subroto
ups stake electronics corp said investment inc form mln dlrs convertible preferred stock raising stake pct pct fully diluted basis 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 free oil co bpd dlrs bpd dlrs bpd dlrs resources bpd dlrs petro diamond bpd dlrs 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
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
ohio art co sets quarterly qtly div six cts vs six cts prior pay may eight record april reuter
fed says sets two billion dlrs customer repurchase agreements
inter city gas corp th qtr shr cts vs cts
revenue properties co ltd year loss shr loss eight cts vs loss cts net loss vs loss revs mln vs mln reuter
kansas city southern industries says eager purchase southern pacific railroad
fed sets two billion dlr customer repurchase fed says
gencorp st qtr shr cts vs cts
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
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
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 situation could 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 corp 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 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
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
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
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 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
minstar inc said still interested acquiring borg warner
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
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
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
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
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 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
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
iroquois brands foods claims iroquois brands ltd said sued 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
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
industries inc year net shr cts vs cts net vs sales mln vs mln avg shrs vs 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
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 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
general cinema corp common stock dividend qtly div cts vs cts prior pay april april nine 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
rospatch respond diagnostic bid
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
chase amp bank lower australian prime rate pct tomorrow
overland express inc year loss shr loss dlrs vs loss dlrs net loss mln vs loss revs mln vs mln reuter
corp unit buy ice creations corp said inc unit purchased privately held ice creations undisclosed amount cash considerations company said ice creations sales mln dlrs year ended may ice creations plastics reuter
u treasury baker says currencies within ranges better reflect fundamentals
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
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
tech data sets three two split tech data corp said board declared three two stock split payable april holders record april 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
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 loss reserves 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
buys majority corp said acquired pct corp maker denim oriented sportswear headquartered seattle wash terms disclosed 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
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
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
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
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 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
centel corp cnt regular payout set qtly div cts vs cts previously pay april record april seven 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
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
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
viacom said new national amusements mcv holdings bids
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
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
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
co inc declares qtly div qtly div cts vs cts prior pay may record march 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
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
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 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 financial surpluses gulf governments actively pursuing ways develop capital markets set domestic stock exchanges azzam said said recession stemming 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
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
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
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
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
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
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
anz bank says cut australian prime pct march
robert bruce industries inc year loss shr loss dlrs vs profit cts net loss vs profit revs mln vs mln 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
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
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
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
baldrige says u go ahead japanese sanctions
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
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
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
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 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 picture last year results analysts said financial statements 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 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
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
business editor theodore cross offers dlrs share harper row
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
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
publishing co declares qtly div qtly div cts vs cts prior pay may record april 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
marathon national bank year net shr cts vs cts net vs assets mln vs mln loans mln vs mln deposits mln vs mln 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
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
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 fleming know whose going buy least way becomes much package said icahn financing ability transaction remains doubt part twa heavy debt load wall street sources said twa cash offer sources said icahn 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
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
humana inc nd qtr shr cts vs cts
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
acquires measurement systems inc said acquired measurement systems division page wilson corp undisclosed amount cash said acquisition expected increase annual revenues mln dlrs 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
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
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
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 majority lazere employees 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
franklin federal tax free income fund payout mthly div cts vs cts prior pay march record march two 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
suffield financial corp raises quarterly qtly div five cts vs three cts prior pay april record march reuter
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 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
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
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
spar aerospace ltd year net shr basic cts vs dlrs shr diluted cts vs dlrs net vs revs mln vs mln reuter
brazil oil output fell february usage brazilian crude oil 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 fuel february bpd pct february 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 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 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 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 unlikely u market unless widely expectations economists said week economic calendar begins tuesday february 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
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
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
bayou merger agreement bayou resources inc said reached 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
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
central maine power co sets quarterly qtly div cts vs cts prior pay april record april reuter
yeutter says u japan trade difficulties remain u trade representative clayton yeutter said 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 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
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
belgium cuts discount rate pct official
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 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
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
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
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
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
gets bid control farm inc said received three tentative proposals control company said evaluating proposals comment unless definitive agreement reached reuter
iowa grain elevator burns explosion fire today damaged grain elevator bancroft iowa thousands grain authorities said pre explosion elevator open fire followed continued late morning contained according 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
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
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
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
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
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
h holmes co ltd sets payout qtly div cts vs cts prior pay april one record march 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
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 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
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
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
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
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
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
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
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
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
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
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 earnings cts share first quarter compared cts share earned year earlier expects company earn four dlrs share compared dlrs share last year reuter
j c penney 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
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
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
latin oil producers meet caracas five regional oil producing nations caracas two day meeting expected center ways combat proposals u tax imported petroleum venezuela ministry energy mines said oil ministers mexico ecuador venezuela hand fifth meeting informal group latin american caribbean petroleum exporters formed said colombia also attend first time 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 diplomatic push coordinate strategy measures february canadian energy minister masse invited caracas talks hernandez proposals oil import tax 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
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
jp stevens co inc sets payout qtrly div cts vs cts prior pay april record april 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
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
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
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
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
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
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
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
court zico investment tender bancroft convertible fund
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
inc st qtr feb loss shr loss cts vs profit three cts net loss vs profit revs mln vs mln 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
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
g inc egg sets quarterly qtly div cts vs cts prior pay may eight record april reuter
hanson trust plc unit sell kaiser cement terminal plant mln dlrs
u agency allow u air buy pct piedmont pending final merger
fed approves chemical bank acquisition texas commerce bancshares
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
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
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
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
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
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 shipowners agents association appealed government scrap purchase plan said would unnecessary expense vessels calling port already cargo handling equipment 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
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
lots acquire computer access corp development corp said signed letter intent acquire substantially assets computer access corp undisclosed terms computer makes full search retrieval software international business machines corp ibm compatible personal computers company said acquisition subject approval boards 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
central banking system inc qtly dividend qtly div ten cts vs ten cts pay april record april reuter
davis water declares stock dividend davis water waste industries inc said board declared pct stock dividend payable march holders record march reuter
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
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 home business mhi 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 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
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
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
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
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 mln stg bank added 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
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
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
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
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
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
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
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
nv hoogovens net profit mln guilders vs mln official
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
cont l illinois 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
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
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
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
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
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
china plan scrap parallel currency chinese vice premier said plans scrap country parallel currency foreign exchange certificates fecs postponed due objections foreign businessmen others told news conference chinese government still considered fecs unsatisfactory asked current state plans abolish fecs 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 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 saying government decided unacceptable two currencies china time 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
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 forms ticket printers terminals reuter
sumita says bank japan intervene necessary
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 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
capital year net shr primary cts vs cts shr diluted cts vs cts net vs revs mln vs reuter
one inc st feb net shr cts vs eight cts net vs revs mln vs mln avg shrs vs reuter
financial services sets payout financial services corp said board approved regular cts per share cash dividend payable april shareholders record march 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 automotive commercial air industries said plant employs people amcast said decided sell division move iron business reuter
electric power co ups dividend qtly div cts vs cts prior payable april record april 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 people provides full range security equipment services jannock said 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
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 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
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
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
inc sets quarterly qtly div cts vs cts prior pay may record may one reuter
medical enterprises inc rd qtr oper shr cts vs cts
industries inc quarterly div qtly div seven cts vs seven cts prior pay june one record may four reuter
enterprises inc year net shr dlrs vs cts net vs revs mln vs mln reuter
wall street stocks ames 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
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
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
twa files application seeking right raise usair stake pct
search british ferry cargo continues search continued cargo chemical herald free enterprise ferry capsized zeebrugge harbour friday total various materials ship hold recovered belgian authorities warned essential recover containers based solution net loading doors front ship prevent floating salvage workers moved cranes place 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 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 determine accident occurred focus attention ship doors system crew procedures added two investigations disaster also begun one belgian one ferry owners 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
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 business 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
lindner tells sec talks taft seeking control company
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
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
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
multi step products inc six mths dec loss shr loss cts loss revs note initial public listing december reuter
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 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
wendy wen comment market rumors wendy international inc declined comment 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
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
nymex rule change seen boosting energy trade new york mercantile exchange said introduce exchanges energy futures markets april one exchange spokeswoman said change allow oil traders hold futures position initiate exchange closes transaction subsequently futures market already effect futures nymex expected increase open interest liquidity u energy futures according traders analysts commodity futures trading commission approved rule change february according spokeswoman reuter
icn inc st qtr feb net shr cts vs eight cts net vs sales vs avg shrs vs 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
far west industries inc year net shr cts vs cts net vs revs mln vs mln reuter
inc sets quarterly qtly div cts vs cts prior pay april record april one 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
completes purchase co inc said completed acquisition inc dlrs per share following shareholder approval yesterday 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
carter hawley hale stores inc th qtr shr loss dlrs vs profit cts
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
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
u congress look program senate agriculture committee expected take bill tomorrow would exempt government conservation regulations farmers multiyear row crops committee staff said current called law farmers 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
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
inc year net oper shr cts vs cts oper net vs revs mln vs mln note oper excludes tax credits vs reuter
united tote inc tote st qtr jan net shr profit nil vs loss cts net profit vs loss revs vs 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
british aerospace pretax profit mln stg vs mln
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 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
federated department stores inc ups qtly div pct sets stock split
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
usair gets approval buy piedmont shares tender
franklin u government securities fund payout mthly div six cts vs six cts prior pay march record march two reuter
unit merge ontario group groupe inc said plans merge new wholly owned subsidiary merger agreement cap purchasers inc woodstock ontario group 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
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 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
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 api degree degrees api company adjust price ct per one degree crude grades degrees api degrees reuter
great atlantic pacific tea co th qtr oper shr cts vs cts
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 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 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 government policies make interested long term investment newspaper said reuter
hoechst ag world group pretax profit billion marks vs billion
declares stock dividend financial corp said declared stock dividend one class share two class shares held payable may shareholders record april 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
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
uk minister looks ease tension japan u k government hopes 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 powers says could used certain japanese financial institutions britain reacted first letter nakasone prime minister margaret thatcher seeing signal would work towards satisfactory outcome bid launched cable wireless plc government officials said view since clouded reports tokyo nakasone assurances really little face british anger added reuter
co inc st qtr feb net shr cts vs cts net vs revs mln vs mln 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
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 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 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 february 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
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
philippine planning chief urges peso devaluation philippines must devalue peso wants exports remain competitive economic planning secretary told reuters peso dollar rate make exports competitive 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 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 dead said 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
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
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
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
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
consolidated pipe lines co year net shr dlrs vs dlrs net vs revs mln vs mln reuter
combined int l ask doubling authorized shares stock split
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
campbell co sets quarterly dividend qtly div cts vs cts pay april record april 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
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
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
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
china taiwan trade via hong kong fell value trade china taiwan via hong kong fell pct billion h k dlrs billion dlrs hong kong 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 textiles among china chief exports taiwan taiwan allow direct trade china indirect trade mainly hong kong 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 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
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
makes acquisition corp said acquired majority interest inc makes heart monitor use heart undisclosed terms company said device sold name heart monitor 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
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
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
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
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
lucky stores inc quarterly div qtly div cts vs nil pay april record march note quarters th qtr dividend cts reuter
buys warrant shares orion co said purchased time inc tl home office inc warrant purchase shares common stock orion pictures corp price warrant mln dlrs said added owns pct outstanding common stock orion 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
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
piedmont aviation inc pie sets quarterly qtly div eight cts vs eight cts prior pay may record may one 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
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
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
steel corp extends exchange offer steel corp said extended march six march expiration date debt exchange offer allow time complete sale 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 sale conditioned receipt pct notes 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
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
talking point general motors gm general motors corp 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 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
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
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
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
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
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
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
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
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
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
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
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 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
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
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
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 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
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 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 block talks canadian proposal find new way settle trade disputes something would give canada protection washington tough trade 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
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
atlantic city electric co sets payout qtly div cts vs cts prior pay april record march 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 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 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
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
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
eastman kodak co sell holdings icn pharmaceuticals viratek inc
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
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
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
moe jack set payout qtly div cts vs cts prior pay april record april one 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
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
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 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 low two mln bpd august compensate slack demand production opec states saudi arabia 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 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
commonwealth mortgage buys firm commonwealth mortgage co said purchased funding corp n undisclosed amount cash commonwealth said mln dlrs residential mortgage loans 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
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 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
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
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
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
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
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
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
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 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
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
inc st qtr jan net shr cts vs cts net vs revs mln vs mln reuter
craft industries inc regular payout 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
iranian oil minister algeria iranian oil minister gholamreza aqazadeh arrived head large delegation talks stabilizing oil prices official news agency said brief statement said iran algeria engaged continuous stronger cooperation world petroleum market considerable efforts petroleum prices algerian minister energy chemical petro chemical industries reuter
information solutions inc st qtr jan shr two cts vs six cts net vs revs vs 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 based products goods also operates fully integrated poultry business businesses markets livestock poultry feed distributes grain network country terminal 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 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 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
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
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
coleman sees cts shr st qtr charge heat replacement program
cos inc low qtly div qtly div cts vs cts prior payable april record april 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
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
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
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
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
trans world airlines makes dlr share cash merger proposal usair
general cinema corp class b dividend qtly div class b cts vs cts pay april record april 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
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
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 revising definition give equal value insects grain establishing lower levels level would set three live insects per representative sample 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 wheat department asked public comments proposals april 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 transit inventories agreement also right buy gm canadian transit bus parts business contingent satisfactory labor agreement greyhound said production facilities currently michigan location reuter
volcker urges industrial nations keep trade markets open foster growth
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 u currency dipped sharply earlier week month relative stability agreement six major industrialised nations paris february stabilise currencies 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
varity corp year shr loss cts vs loss cts
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 stations micro 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
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 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 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 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 avert potential economic another seek ways freer trade people felt could see benefits well preventing bush confrontation proceed orderly negotiations meeting attended overseas 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
health group limited qtly payout qtly div six cts vs six cts prior pay april one record march reuter
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
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 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
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
international inc year jan net shr cts vs cts net vs sales mln vs mln reuter
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
chrysler sets three two stock split raises dividend
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
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
treasury baker says stands paris pact foster stable currencies
nature inc year loss shr loss cts vs loss cts net loss vs loss revs mln vs mln 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
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
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 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
twa said intend seek control usair acquire stock time
alusuisse shares fall capital cut news bearer shares schweizerische aluminium ag 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
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
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
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
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
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
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
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
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
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
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
engineers inc qtly dividend qtly div four cts vs four cts prior pay april record march 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
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
canadian imperial bank commerce cuts prime rate pct tomorrow
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
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
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
cereals unchanged next week monetary amounts mca unchanged week starting april ec commission officials said cereals mca plus points west germany netherlands minus two points minus eight points france minus nine ireland minus italy minus britain minus greece minus spain reuter
corrected gaf corp offers dlrs share cash borg warner correcting amount
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 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
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
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
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
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
properties lp sets cash distribution qtly distribution cts per unit vs cts prior pay april record march 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
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
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
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
loss sales drop corp said expects report first loss pct revenue fall year earlier dlrs company earned dlrs last year first quarter 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
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
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
hydro electric co sets dividend qtly div cts vs cts pay april record march 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
sceptre resources ltd year net shr seven cts vs two cts net vs revs mln vs mln note shr preferred divs 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
fed sets two day system repurchases fed says
club med inc st qtr jan net shr cts vs cts net vs revs mln vs mln 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
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
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
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 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
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
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
u supreme court allows delta western merger u supreme court justice 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 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
mutual interest shares qtly div qtly div cts vs cts prior pay april one record march reuter
corp increases dividend qtly div cts vs cts prior payable march record march reuter
corp regular dividend qtly div cts vs cts prior qtr payable march record march 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 common stock dividend mississippi court ordered rate following order noted unit cancelled planned sale preferred stock middle south court stay order appealed 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
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 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
creditanstalt 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
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
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 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 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
commercial international makes purchase commercial international corp said completed previously announced acquisition assets distributing international corp table marketer undisclosed amount said entire purchase price payable three year period based percentage pre tax earnings acquired operation company said option acquire cold storage facility related assets county calif owned commercial chairman jr director jr reuter
technology inc year shr loss cts vs loss cts net loss vs loss revs mln vs mln reuter
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
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
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
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
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
charter crellin inc year net shr dlrs vs dlrs net vs sales mln vs mln avg shrs vs one mln 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
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 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
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
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
martin lawrence limited year net shr cts vs six cts net vs revs mln vs note th qtr data given reuter
caesars world inc said board rejects martin sosnoff tender
sweet victory inc year shr loss dlrs vs loss cts net loss mln vs loss mln revs dlrs vs dlrs reuter
inc year shr loss three cts vs profit cts net loss vs profit 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
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 corp ltd australia new zealand ltd u k ltd units make distribute various products including lawn small appliances equipment total 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
roy co sets quarterly qtly div cts vs cts prior pay june record may 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
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
iomega sets management labor 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 iomega said among direct labor force affects personnel building alpha eight inch disk drive 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
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
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
canada prime minister says major trade deal emerging u
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
corp st qtr jan net shr profit three cts vs loss seven cts net profit vs loss revs mln vs mln reuter
rochester gas electric corp payout qtly div cts vs cts prior pay april record march reuter
ste des eaux pa year ended dec consolidated attributable net profit mln francs vs mln parent company net profit mln vs mln reuter
gencorp says expects complete sale wor tv week challenges resolved
pacific gas said accounting change reduce net mln dlrs
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
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 operations reuter
quebec caisse 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
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
inc st qtr january net shr one cts vs two cts net vs revs vs 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
inc gas regular dividend set qtly div cts vs cts previously pay may record march reuter
inc weis quarterly dividend qtly div cts vs cts pay april record april 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
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
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
corp sets quarterly qtly div cts vs cts prior pay june one record may reuter
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 policy foreign currency factors also changed said study unfair unacceptable take account various differences conditions country 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
corp sets payout qtly dividend cts vs cts pay april record april 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 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 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 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 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
central illinois 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
chemlawn corp said talking new suitors acquired
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
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
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
general public utilities resumes dividends common stock pays cts
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
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
bull bear group inc year end dec shr loss cts vs profit cts net loss vs profit revs vs reuter
talking point wendy international wen takeover speculation wendy international inc stock even coca cola co took market rumors denying interested suitor wendy 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 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
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 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
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
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
jim walter corp 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
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
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
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
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
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
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
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
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
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
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 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
mickelberry corp sets qtly payout qtly div cts vs cts prior pay march record march 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
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
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
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
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
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
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
burlington northern inc st qtr shr profit cts vs loss dlrs
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
residential realty inc div qtrly cts vs cts pay march record march note prior qtr two months operation october november represents dividend 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
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
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
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
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
shell canada raises crude prices canadian cts bbl today edmonton
bank france buys dollars paris dealers
santa realty quarterly dividend qtly div cts vs cts pay april record march santa realty enterprises inc 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
campbell resources inc nd qtr shr profit three cts vs loss cts
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
american express rumors pct shearson sold japanese firm traders say
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
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
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
people systems 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
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
united cities makes acquisition united cities gas co said acquired propane gas co cairo ga propane gas distributor undisclosed terms said sales four mln gallons annually serves customers seven counties southwest georgia north florida reuter
raymond corp declares qtly div qtly div cts vs cts prior pay march record march reuter
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
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
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
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
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
sumita says little room bank ease policy bank japan governor satoshi sumita said little room left central bank ease credit policy interest rates levels 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 economic indicators u also market activity added reuter
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
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
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
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
esselte business systems inc ups payout qtly div cts vs cts prior pay march record march 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
consolidated 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
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
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
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 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
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
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
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
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
american medical international inc nd qtr shr profit cts vs loss cts
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
continental regular dividend set qtly div cts vs cts previously pay june eight record may 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
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
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
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
altex resources ltd year net shr six cts vs eight cts net vs revs vs 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
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
international lease finance st qtr net shr cts vs cts net vs revs mln vs mln avg shrs primary vs 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
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
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 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
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
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
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
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
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
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
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
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
waste management corp votes two one stock split boosts qtly dividend cts
quaker chemical corp sets quarterly qtly div cts vs cts prior pay april record april reuter
investor paul bilzerian pct pay n pak stake may seek control
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
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
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
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
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
great pacific industries inc year net shr dlrs vs dlrs net vs revs mln vs mln reuter
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
bayer world group pre tax profit billion marks billion official
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
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 company remaining shares right receive dlrs share 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
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 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
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
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
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
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
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
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
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
versatile sell unit versatile corp said agreed principle sell alberta based versatile co division inc ontario undisclosed terms division manufactures equipment 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
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 took back note mln dlrs enro shirt annual sales mln dlrs sales mln dlrs 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
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
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
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
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 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 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 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
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
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
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
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 closure costs mln increase future tax provision mln 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
mellon republic rpt lift prime rates mellon bank na pittsburgh republic bank dallas raised prime lending rates pct effective immediately 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
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
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
municipal financial corp st qtr jan net shr cts vs cts net vs revs mln vs mln assets mln vs mln 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
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
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
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 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
brokerage firm ups stake allegheny ag new york brokerage firm leeds 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
allegheny international sells wilkinson sword group mln dlrs
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
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
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
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 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
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
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
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
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 brazil mining concern produce revenues mln dlrs year next years 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
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 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 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 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 around mln dlrs mln credits ran poland 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 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 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 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
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
hoogovens takeover philips unit dutch steel concern hoogovens said reached agreement nv philips pglo takeover 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
ranco holders approve merger ranco inc said shareholders special meeting approved merger plc dlrs per share reuter
bankamerica chairman says bank turning around heading profitability
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
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
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
sets pct stock dividend inc said declared pct stock dividend payable may shareholders record april company last declared stock dividend also pct march 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 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 made costs associated company reduction work force california microwave said write downs nominal cash impact company already paid assets written 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
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
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 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 joint declaration west berlin part community replied question contained draft side presented west german diplomats said would 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
buys medical inc said acquired associates inc medical services inc undisclosed terms firms combined revenues one mln dlrs speech physical therapy therapy services 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
financial services payout qtly div cts vs cts prior pay april record march note financial services 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
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
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
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
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
mesa royalty trust monthly payout mesa royalty trust said unit holders record march receive distribution amounting dlrs cts per unit payable april reuter
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
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
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
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
industries sell cosmetics unit industries said company board authorized sale co company company said evaluating two separate proposals complete sale within days 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
votes two one split co said directors voted two one split payable june one record april reuter
ford canada cuts annual dividend six dlrs six dlrs cash share
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
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
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
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
u navy said increasing presence near gulf defence secretary caspar weinberger ordered u navy increase presence near gulf effort 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
parker drilling suspends quarterly dividend
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 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 interested imposing u duties exports recent example per cent duty u imposed canadian lumber exports grounds shipments 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
sciences sees profitability sciences international inc said expects start operating 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
transamerica corp ta quarterly dividend qtly div cts vs cts pay april record april 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
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 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
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
service industries inc merger ended service industries inc said proposed buyout chairman herman j president harvey terminated mutual consent present intention acquired party 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
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
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
attempt korean bulk carrier seven attempt south korean motor bulk carrier new world tonight lloyds shipping intelligence service said latest vessel close port brazil last night terminal lloyds said dwt vessel carrying tons ore five holds partially double bottom tanks low water vessel list five degrees port list increases rises 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
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
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
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
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
bancorp sets initial dividend bancorp inc said board declared initial dividend cts per share payable april holders record april six 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
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
canbra foods ltd sets special one time five dlr common shr cash payout
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
french adjusted february trade deficit mln francs vs january deficit billion
stores corp sets quarterly qtly div cts vs cts prior pay april record april 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
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
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 switch circuit product line major supplier sale terms disclosed completed early second quarter rogers said reuter
southeast banking corp declares qtly div qtly div cts vs cts prior pay april record march 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 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
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
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
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
novamin says received proposed takeover bid breakwater
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
inc sets regular quarterly div qtly div cts vs cts prior pay march record march 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
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
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
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
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
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
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
meridian energy end letter intent meridian energy inc development corp privately held company jointly announced decided terminate letter intent meridian would acquired 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
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
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
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
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
union bank raises prime rate pct union bank subsidiary standard chartered plc said today raising prime lending rate pct pct effective immediately 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
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
acquires ivey associates holdings ltd said acquired ivey associates nashville tenn based bank marketing firm terms disclosed 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
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 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
iraq replaces oil minister big iraqi president carried first major government five years tonight new oil minister three posts one minister dropped announced presidential decree gave reason changes government arab 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
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
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
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
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
regular dividend set qtly div dlrs vs dlrs pay may record march note full name american information technologies corp reuter
health inc sets dividend qtly dividend cts vs cts pay april record march 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
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
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
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
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
executive house inc year loss shr loss cts vs loss six cts net loss vs loss revs vs 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 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 line transport barrels daily 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 transfer data bases 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
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
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 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 information systems make 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
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
expects turn profitable inc said expects return profitability current year today reported loss first quarter ended january dlrs compared dlr profit year reuter
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
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
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
international corp year net shr three cts vs cts net vs revs mln vs mln avg shrs vs reuter
plc pretax profits yr mln stg vs mln
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 permitting become competitive 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
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 merger plans later date seek ways clabir increase holdings ambrit 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
inter tel inc st qtr feb net shr three cts vs one ct net vs revs mln vs avg shrs vs reuter
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
wtd industries sawmill offer rejected wtd industries inc said offer buy harris pine sawmill oregon rejected bankruptcy court trustee company said bid favor higher offer 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
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
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
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
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 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
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
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
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 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
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
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
consolidated tvx says issue shares buy stakes three brazil mining firms
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 pacific management best chief executive john schmidt comment icc hearings southern pacific 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 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 western railroads adds value merger reuter
house ways means work bill toughen trade laws
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
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
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
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 first national bank boston revolving credit facility bank agreed provide
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
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 metals trading 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 leader nine hours talks yesterday 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
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
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
harris bank increases prime rate harris trust savings bank said increased prime rate effective immediately 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
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
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
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
volcker sees evidence u trade deterioration yet reversed
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
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
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
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
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
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
first union 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
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
texas instruments inc sets quarterly qtly div cts vs cts prior pay april record march 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
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
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
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
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 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
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
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
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 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 nation economy study outlined new york times report today 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
inc raises qtly dividend shr cts vs cts pay may record may eight 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 nuclear disaster soviet union agreed products excessive levels returned country 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
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
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
consensus builds world agricultural reform top u european farm trade government representatives called sweeping reform world agriculture 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 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
realty trust nd qtr feb net shr cts vs cts net vs six months shr cts vs cts net vs reuter
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
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
holly corp 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
dean foods co raises dividend qtly div cts vs cts prior pay june record may 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
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
corp st qtr jan net shr profit three cts vs loss seven cts net profit vs loss revs mln vs mln 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
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
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 computer data computer currently captive venture capital stock traded counter soon trade scan graphics name application nasdaq listing expected soon requirements met reuter
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 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 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 accord working dealing differential cents grades opec member raised concerns objections differential system meeting would called said 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
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
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
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
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
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
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
interco inc th qtr shr cts vs cts
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
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
national distillers dr closes sale national distillers chemical corp said completed sale inc heublein inc mln dlrs heublein former subsidiary rjr nabisco inc rjr recently acquired grand metropolitan plc based san jose calif makes sells table wines well premium wines charles label reuter
cathay pacific airways net profit billion h k dlrs vs mln
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
twa confirms ownership pct usair group
aluminum co america regular dividend qtly div cts vs cts prior qtr payable may record may one 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
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
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
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
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
u house panel 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
taft broadcasting rejects dlr per share buyout offer theta corp
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
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
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
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
royal bank canada lowers prime rate pct
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
general cinema corp st qtr oper shr cts vs cts
british telecom third quarter pre tax profit mln stg vs mln
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
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
gerber buys gerber systems shares gerber scientific inc said acquisition corp purchased shares pct owned gerber systems technology pursuant january tender offer following purchase gerber made capital contribution shares owned resulting pct ownership 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 agreement partnership supply least barrels day venezuelan crude oil market related prices 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
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 townsend thoresen became part p january p considering listing shares japan important overseas financial centres statement added 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
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
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
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
justice supports dismissal twa application usair control
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 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 joint ventures united saudi commercial bank reported net loss mln riyals 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 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 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
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
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
tribune exchange papers tribune co said exchanged cash assets eight publishing co community publications 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
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
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 remains settled speaking reporters nearly five hours meetings mulroney said discussions would held june september discuss role 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 quickly talks launched mulroney progressive conservative government concerns protectionist sentiment u aimed reducing remaining barriers world largest trading partnership expected play major role new trading arrangement provincial leaders complained lack progress reaching 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 ontario said last night moment tough say 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 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
taft broadcasting says continue review options response latest bid
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
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
franklin gold fund cuts dividend semi div cts vs cts prior pay march record march two 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
canadian foremost ltd year net shr cts vs cts net vs revs mln vs mln 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 gatt round succeed said clearly countries need develop export need open markets happen basic objective new gatt round said gatt round long term give short term relief debt 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
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 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 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 produced films canada non canadians senator called protectionist measure 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
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 exploration n l western australia royal resources also said sale interest two gold properties mine san county calif camp mine near colo closed february company said received mln dlrs remaining balance due acquisition interest adding represents mln dlrs paid interest 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 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 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 program raise productivity compete south korean yards also hard hit declining orders low ship prices years sources said japan single 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 recession technology best world said official major japanese shipping company japanese merchant fleet largest intention shifting countries buy ships encourage japanese yards sources said reuter
lear siegler holding corp plans divest aerospace subsidiary
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
saudi oil minister foresees need new opec measures june
louisiana pacific buys oregon sawmill louisiana pacific corp agreed pay dlrs 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 contracts harvest timber national forest bankruptcy trustee said reuter
meridian bancorp inc sets regular payout qtly div cts vs cts prior pay april one record march 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
sweden boliden ab takes mining gear units allis chalmers corp mln crowns
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
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
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
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
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
yeutter says u japan trade difficulties remain u trade representative clayton yeutter said 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 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
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
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
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
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
thompson medical co inc declares qtly div qtly div cts vs cts prior pay april record march reuter
minstar inc said sold mln borg warner shares
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
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
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
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 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 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
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
houston oil royalty trust distribution monthly cts vs cts prior payable april record april reuter
dutch official warns trade already strained relations u european community ec likely get worse get better director general dutch economics ministry foreign affairs division said speaking american chamber commerce 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
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 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
petro canada cut crude prices canadian dlrs bbl effective march one
st paint corp year net shr cts vs cts net vs revs mln vs mln 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 nsw state premier said workers compensation risen recent years proposed cuts would save hundreds dollars year union officials said industrial action could spread states federal government also plans make sharp cuts workers compensation 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
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
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
newmont mining 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
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 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
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
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 e together body dead man 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
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
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 advance annual meeting april ottawa prime minister brian mulroney question answer session public affairs group clark said two countries must find better 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
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 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
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
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
inc st qtr jan loss shr loss three cts vs profit two cts net loss vs profit sales vs avg shrs vs 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
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
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
india steps countertrade deals cut trade gap india non communist countertrade partners help cut trade deficit foreign exchange wheat tobacco tea coffee engineering electronic goods well minerals including iron ore offer return crude oil petroleum products chemicals steel machinery trade sources told reuters 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 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
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
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 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 said said expansion program usda remains firmly committed reuter
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
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
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
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
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
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 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
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
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
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
enterprises inc reorganization enterprises inc said filed k report 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
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
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
borg warner says discussed possible takeover irwin jacobs
domtar sets two one stock split take effect may
endotronics sees heavy losses qtr withdrawal japan distributor
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 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 takeover attempt said may continue explore feasibility strategies 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
national patent development corp payout qtly div cts vs cts prior pay may one record april one 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
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
house fabrics sees results improving house fabrics inc said expects growth earnings revenues current fiscal year 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
borg warner amid rumors irwin jacobs sold stock arbitrageurs say
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
jones vining said vulcan corp offers five dlrs share jones
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
atlantic research completes acquisition atlantic research corp said completed acquisition professional services firm group common shares pooling interests basis 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
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 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
manufacturers national raises prime manufacturers national bank detroit said increased prime rate pct pct effective immediately reuter
georgia pacific mln dlr pretax gain sale georgia gulf stake
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
products corp quarterly div qtly div ten cts vs ten cts pay april record march 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
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
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 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
corp st qtr dec loss shr loss cts vs loss cts net loss vs loss revs vs avg shrs 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
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
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
knutson mortgage corp sets quarterly qtly div cts vs cts prior pay april record march reuter
brussels ferruzzi says pay mln dlrs cpc international european mills
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 futures association soya bean futures association london meat futures exchange instructed legal advisers implement merger 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 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
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
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
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 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 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
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 primarily elimination facilities staff year provisions mergers restructuring expenses brought non recurring expenses tax gains represented merger costs related restructuring combine operations 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
groupe lambert profit net consolidated profit 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
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 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
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
grease monkey holding corp year nov shr nil vs nil net vs 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
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
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
commerce clearing house inc hikes div qtly div cts vs cts prior pay april record april 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
pillsbury co rd qtr shr cts vs cts
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 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 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
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
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 petroleum industry advanced controls aerospace defense industries sale part borg warner planned restructuring proposed sale subject approval borg warner directors said reuter
one valley bancorp raises quarterly qtly div cts vs cts prior pay april record march note one valley bancorp west virginia inc 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
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
co sets payout qtrly div cts vs cts pay may record april 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
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
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
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
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
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
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
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
premier industrial corp pre regular dividend qtly div cts vs cts prior qtr payable april record march 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
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
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
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
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 said 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
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
u k money market deficit revised bank england said revised estimate today shortfall around billion stg billion taking account mln stg morning assistance reuter
mitsubishi buys danish dairy product firm mitsubishi corp said taken pct stake worth five mln danish dairy 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
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
bank montreal cuts prime rate pct pct effective friday
cook united inc talks sell stake private investors
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
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
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 ship santos harbour tuesday night said seamen vessel forced work president jose government troops brazil ports oil installations tuesday seamen santos brazil main port 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 available union office basic pay ordinary seamen month various bring total pay month end scale earn month basic pay brought brazil seamen second worst paid world santos said said seamen received pay increase since february prices doubled since collapse government 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
holly corp 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
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
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
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
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
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
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
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
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 gold backed bonds maturities years investors reduce federal debt 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
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
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
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
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
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 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
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
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
ultramar net loss mln stg vs mln profit
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
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
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
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
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
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 operation 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
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
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
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
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
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
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
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
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 loss making investment amc 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 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
bancorp regular dividend set qtly div cts vs cts previously pay may record april nine reuter
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 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
bell resources says buys mln bhp shares taking holding pct
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
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 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
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
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
inc six mths net shr cts vs cts net vs revs mln vs mln note period ended february reuter reuter
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
london metal rotterdam mt scrap bin shanghai mt iron manila mt steel liner one port mt end april singapore mt steel scrap 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 elaborate holdings reported loss mln hong kong dlrs net profit dlrs chinese partners industrial commercial bank china branch whose share rose pct 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
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
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 fluctuations oil market cooperation arab states europe sides al said adding hoped cooperation would ultimately lead full arab 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
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
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 binding industry interest stick slowdown orders caused strong yen worldwide shipbuilding slump 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
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
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
twa sold four mln shares usair believed institutions wall street sources
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
stanadyne united technologies end talks stanadyne inc said terminated discussions proposed purchase united technologies corp diesel systems unit reason disclosed 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
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
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
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
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
h automotive technologies corp year net shr cts vs cts shr diluted cts vs cts net vs revs mln vs mln 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
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
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
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
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
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 elected amr board added david continue aircal president chief operating officer reuter
analysis technology inc hikes payout annual div cts vs cts prior pay april 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
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
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
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
diagnostic retrieval systems inc makes mln dlr bid rospatch corp
cos inc sets quarterly qtly div cts vs cts prior pay may record april six 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
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
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
nv aus raises quarterly qtly div eight cts vs five cts prior pay april record april three 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
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
sets higher dividend lp said board declared quarterly dividend cts per unit first since limited partnership company inc paid quarterly dividend nine cts per share said restructuring partnership substantially increased cash available distribution unitholders predicted reuter
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 inc raises dividend semi annual div cts vs five cts pay april nine record march 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
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
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
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 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 tons plans call production eventually reach mt annually said original investment project approximately billion 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
alusuisse shares suspended capital cut news trading shares schweizerische aluminium ag alusuisse 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
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
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
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
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
afg industries inc afg quarterly dividend qtly div four cts vs four cts pay april record march reuter
prudential corp pretax profit mln stg vs mln
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
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
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 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
financial sets initial dividend financial corp said board declared initial dividend five cts per share payable april holders record march reuter
unit restaurants co said bojangles n 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
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
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
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
industries quarterly dividend qtly div three cts vs three cts pay march record march reuter
mobile america corp year end dec shr dlrs vs dlr net vs revs mln vs 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
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
peoples bancorporation quarterly dividend qtly div cts vs cts pay april record march 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
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
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
home savings bank hmsb sets initial dividend qtly div nine cts pay april record april six reuter
baker international sell electric submersible pump unit
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
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
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
becor western gets offer acquired new group dlrs share
amoskeag co sets quarterly qtly div cts vs cts prior pay march record march five reuter
corp sets dividend qtly div cts vs cts prior pay april one record march 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
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
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 breakup fee purolator would pay ends agreement hutton sources would reveal amount fee noted documents transaction made public later week 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 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 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
michigan national corp votes dividend qtly div cts vs cts prior qtr pay april record april 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 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 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 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
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
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 operations cut expenses dlrs less dlrs month 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 company shares convertible issue common shares equivalent conversion price dlrs share one year redeemable time company dlrs share plus accrued dividends 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
coastal bancorp sets quarterly qtly div five cts vs five cts prior pay april record march 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
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
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
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
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 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 venezuela attending two day conference colombia present first time 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 conference headed hernandez venezuela energy minister javier espinosa ecuador energy minister jose assistant energy secretary mexico energy minister perry colombia 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
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 rumors wendy takeover candidate continued wall street traders said 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
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
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 home tax credits cts net includes tax credits one cent quarter cts six months period reuter
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
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
united tote inc tote st qtr jan net shr nil vs loss cts net profit vs loss revs vs reuter
twa legal pursue acquisition usair
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
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
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
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 engineering business achieved 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 flats grew five pct tonnage terms 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
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
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
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
corp america st qtr jan net shr cts vs cts net vs sales vs 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
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
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 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 billion yen still owned equally mhi caterpillar set aim mhi business 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
bristol myers co bmy sets quarterly qtly div cts vs cts prior pay may one record april three reuter
borman inc declares qtly dividend qtly div five cts vs five cts prior pay june record may reuter
far west industries inc raises dividend annual div four cts vs cts pay march record march 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 agriculture general agreement tariffs trade gatt support agriculture avoid production incentives countries freeze seek reduce government aid measures 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
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
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
ipco corp regular dividend qtly div nine cts vs nine cts prior qtr payable may one record nine reuter
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
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 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 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
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
scott instruments corp year loss shr loss cts vs loss cts net loss vs loss revs vs reuter
volcker says exchange rate adjustment enough narrow u trade deficit
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
ohio edison sells pct nuclear interest mln dlrs
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 chartered stock savings bank mutual federal savings bank connection conversion unicorp contribute mln dlrs cash lincoln reuter
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
forecasts results inc reporting sharply higher earnings six months ended february said expects third quarter results continue strong pace quarters brokerage firm earlier reported six month profit rose mln dlrs mln dlrs last year detail second quarter profit 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
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 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 market belief trade imbalance continue expand said 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
gaf corp offers dlrs share cash borg warner
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
western federal savings bank ups payout qtly div cts vs cts prior pay april record march 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 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
alusuisse 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
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
beneficial corp sell western national life mln dlrs
diamond shamrock raises crude posted prices one dlr effective march wti dlrs bbl
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
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
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
london floating rate note prices open sharply lower dealers say
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
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
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
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
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
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
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
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
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
co qtly div cts vs cts previously pay may record april 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
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
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
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
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
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
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
usda estimates ussr grain imports mln tonnes vs feb
international buys british firm international corp said acquired alan engineering ltd england undisclosed amount cash newly acquired company operate part division company said reuter
citgo raises crude postings cts today wti dlrs bbl
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 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
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
franklin utilities fund sets payout qtly div cts vs cts prior pay march record march two reuter
minerals inc year loss shr loss four cts vs loss six cts net loss vs loss revs mln vs 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
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 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 alleged coastal corporate raiders past taking corporations attempt create position could control raise gas prices obvious coastal efforts take attempt control larger share texas gas market end users consumers company alleged coastal could reached comment company name 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 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
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
houston oil royalty trust payout lower mthly div cts vs cts prior pay march record march reuter
u official visit japan trade row 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
green mountain power corp sets quarterly qtly div cts vs cts prior pay march record march 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 levels due 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 expected continue company said 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
gulf canada damage gulf canada corp said material drilling site sea caused danger environment yesterday federal department energy charged gulf canada eight illegal dumping cement drilling september last year charges carry maximum dlr fine count gulf said government charges materials without permit environmental damage resulting action gulf said informed appropriate government officials material company also said none material within miles added one materials cited mineral sea drilling operations 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
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
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
american hoechst corp year net net mln vs mln revs billion vs billion note fully owned subsidiary hoechst ag 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 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
rotterdam port union employers meet dutch port transport union fnv agreed employers request abandoned talks tonight try end strikes disrupted rotterdam general cargo sector past six weeks union spokesman said talks broke thursday union employers 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
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 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 legislation create five member commission study securities industry year report findings recommendations congress commission members would appointed sec primary mission would 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
usda estimates soviet grain crop mln tonnes vs feb year ago
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
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 alliance automation sales mln dlrs employs reuter
american express says holding talks sale shearson stake nippon life
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
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
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
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
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
oppenheimer industries sees year loss oppenheimer industries inc said expects report loss year ended january dlrs compared profit dlrs year company blamed loss continuing 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
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
corp regular stock dividend qtly div five pct stock vs five pct stock pay april record april six reuter
texas air give former continental air holders another dlrs share
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
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
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
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
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 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 following hydrocracker accident two people killed explosion fire line grangemouth refinery march spokesman said incident yards latest accident reuter
harper row gets bid harcourt brace jovanovich dlrs shr
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
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 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
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
atcor inc atco cut dividend qtly div three cts vs cts prior pay april record april reuter
volcker says stimulus abroad needed adjustments trade balances
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
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 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 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
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
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
harris properties inc sets payout qtly div cts vs cts prior pay may eight record april 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
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
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
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
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
service corp international sets quarterly qtly div eight cts vs eight cts prior pay april record april reuter
healthmate inc says auditors intend qualify financial statements
energy co e sets quarterly qtly div cts vs cts prior pay june one record may eight reuter
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
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
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
attacks affect colombia oil outlook ecopetrol continuous raids oil pipelines foreign exploration 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
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 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
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
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
diamond shamrock raised crude cts bbl today wti dlrs
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 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 significance comments bankers said 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 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 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 divestiture partners plan located california program one overall would provide greatest long term growth segments said reuter
wickes cos inc th qtr shr loss two cts vs profit cts
southmark sm completes acquisition southmark corp said completed purchase georgia international life insurance co capital holding corp cash southmark securities worth mln dlrs reuter
central pennsylvania financial corp payout qtly div cts vs cts prior qtr payable april record april reuter
corp declares qtly dividend qtly div cts vs cts prior pay april record april reuter
corp year net shr profit three cts vs loss cts net profit vs loss revs mln vs reuter
ottawa seeks explanation credit card rates minister state finance tom hockin said asked canadian bankers association industry 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
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
royex offers dlrs shr dlrs warrant international corona
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
gencorp gy st qtr feb net shr cts vs cts net mln vs mln sales mln vs mln reuter
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
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 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 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
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
rent center rent votes split rent center inc said directors approved three two stock split payable april record april 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
data inc st qtr feb net shr cts vs cts net vs revs vs reuter
federated department stores inc th qtr shr dlrs vs dlrs
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
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
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
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 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
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 pressure time current flow unit makes line semiconductors reuter
thomson income fund dividend mthly div cts vs cts prior month payable april six record reuter
pacific lighting corp qtly dividend shr cts vs cts prior qtr pay may record april 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
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
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
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
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
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
york financial corp declares qtly div qtly div cts vs cts prior pay may five record april reuter
corp regular payout set qtly div cts vs cts previously pay may record may eight 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
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
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
treasury baker says reagan unlikely alter opposition oil import fee
bnl announces net profits bank sector state owned banca 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
bank new york bk raises prime pct bank new york said raised prime lending rate quarter point pct said move effective immediately 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
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 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
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
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
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
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
laboratories corp year loss shr loss dlrs vs loss dlrs net loss vs loss revs vs reuter
plastics inc sets quarterly qtly div six cts vs six cts prior pay march record march 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
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
uk feb trade deficit mln stg vs deficit mln jan official
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
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 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
ab st year mln crowns vs mln sales billion vs billion proposed dividend crowns vs crowns 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
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
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
american motors said directors took action chrysler proposal annual meeting
fed says sets billion dlrs customer repurchase agreements
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
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
acme cleveland corp sets quarterly qtly div cts vs cts prior pay may record april 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
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
horizon bank sets stock split horizon bank said board declared three two stock split payable april holders record april seven 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 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 said market observers realize shortly baldrige said remarks mean suggest anything market exchange rate dollar reuter
cyacq cyclops offer conditions says citicorp financing
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
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
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
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
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
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
inc sets quarterly qtly div cts vs cts prior pay april six record march reuter
control data buy stake control data corp said agreed acquire unisys inc uis pct stake magnetic inc letter intent provides unisys 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
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
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
energy reverse split approved energy inc said shareholders approved one reverse split take effect tomorrow company changed name texas petroleum corp 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
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
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
ussr crop weather usda gradual continued regions western soviet union week ended april joint agricultural weather facility u agriculture commerce departments said international weather crop 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 weather crop areas black sea coast said reuter
brazil anti inflation plan anniversary inflation plan initially home abroad economy towards first anniversary amid prices widespread shortages foreign payments crisis announced last february plan prices fixed value new 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 imports increased avoid domestic shortages trade surplus plunged mln dlrs october since averaged mln reuter
dart group said offers buy supermarkets general dlrs shr
mca inc mca sets regular qtrly payout qtrly div cts vs cts prior pay april record march reuter
corrected major swiss banks raise customer time deposit rates point pct credit suisse
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
world group net profit mln marks vs mln div marks
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 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
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
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
american stores co th qtr shr dlrs vs dlrs
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
scott declares first payout scott financial inc said declared first quarterly dividend three cents per share payable april shareholders record april one 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
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
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
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
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
sweden boliden ab takes u allis chalmers corp mln crowns official
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
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
corp sets regular qtly payout qtly div cts vs cts prior pay april one record march 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
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
ajinomoto buy joint food venture partner ajinomoto co inc said sign around end april buy pct foods co ltd 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
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
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
reichhold 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
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 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 three largest fields pct 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 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
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
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
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
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
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
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
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
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
sun alliance pretax profit mln stg vs mln
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
medical corp st qtr jan net shr four cts vs two cts net vs revs vs 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
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
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
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
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
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 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 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 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
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
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
dixons said got accepted pct cyclops shares tender
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
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
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
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
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
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
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
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
reagan says u must lessen reliance foreign oil
medical inc year loss shr loss cts vs loss dlrs net loss vs loss revs vs 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
gencorp rejects unsolicited takeover bid afg industries wagner brown
monfort colorado inc nd qtr shr dlrs vs dlrs
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
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 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 rates interest still higher banks pay deposits similar maturity merchant banker 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 east st john 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
corp post higher results 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
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 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 also said sale volume stretch film fourth quarter lower anticipated although returned normal recent weeks 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
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 mining equipment first time 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
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 dollar dominant ems currency west german mark sending 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 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 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 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
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
canadian seafarers threaten strike canadian seafarers almost certain go strike spring refusal meet 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
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 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
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
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
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
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
american educational regular div qtly div three cts vs three cts prior pay april three 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
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
conrac corp rejects mark iv industries tender offer alternatives
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
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
jim walter 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
hughes tool says approves revised terms merger baker international
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
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
residential mortgage investments inc payout qtly div cts vs cts prior pay april record march reuter
index trust quarterly dividend qtly div cts vs cts prior pay april record march 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
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
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
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
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
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
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
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
aetna 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
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
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
canada january trade surplus mln dlrs december mln dlrs surplus
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
h j heinz raises quarterly cts cts
zenith national insurance qtly dividend shr cts vs cts prior qtr pay may record april note full name zenith national insurance corp 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
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
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
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
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
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
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
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 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 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 colombia philippines south korea thailand higher exports 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
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
sell cable systems eagle enterprises inc said signed letter intent sell seven cable television systems representing subscribers eagle cable terms acquisition disclosed reuter
indonesia seen economic change indonesia appears 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 regard deregulation investments imports report says primarily indonesia agricultural sector also reviews country general economic performance says many government officials advisers recommending 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
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 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
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
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
mercantile bank n raises prime rate mercantile bancorp said mercantile bank n raised prime rate pct pct effective immediately reuter
saudi success seen curbing opec production saudi arabia succeed 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
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
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
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
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
london int l selling water unit london international group plc l said agreed sell co ltd unit ltd mln stg water also produces variety rubber plastic book value assets mln stg said disposal part strategy concentrating core activities shares one penny firmer p 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
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
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
bundesbank leaves credit policies unchanged
hughes tool shareholders approve merger baker international
inc nine mths jan net shr cts vs cts net mln vs revs mln vs mln reuter
media general inc ups qtly div cts shr cts sets stock split
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
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
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 north carolina basf said work year begun louisiana plants production special well expansion capacity producing 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
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
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
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
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
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
ends plans sell unit corp said ended talks sale chemical division products inc agreement could reached company said intend seek another buyer 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 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 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
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
u k firm ups italy fund 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
acquires canadian company nv said acquire controls inc canada declined comment amount payment cash produces measurement equipment work force turnover five mln guilders spokesman said said takeover fits company drive expansion u canada acquisitions possible controls part sector 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 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
imo sets initial dividend imo said board declared initial quarterly dividend cts per share payable april holders 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
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
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 budget deficit investment would favor 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
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
hungary devalue forint western units hungary devalue forint average eight pct western currencies official news agency said 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
canadians urge exemption u trade bill group canadian lawmakers ontario today asked u 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
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
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
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
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
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 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 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 push nakasone sterling said reuter
gold ltd six mths dec net shr cts vs cts net vs revs vs 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
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 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
asamera inc year oper shr loss cts vs profit cts
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
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
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
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 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
wal mart stores inc th qtr shr cts vs cts
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
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
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
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
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
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
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
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
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
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 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
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
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
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
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
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
foote mineral co letter intent merge rio tinto zinc
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 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
affiliated publications buy billboard publications mln dlrs
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
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
inc sets quarterly qtly div three cts vs three cts prior pay may record april 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
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
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
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
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
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 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
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
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
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
taft chairman group raises taft broadcasting bid dlrs share
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
progressive bank inc qtly div seven cts vs seven cts prior qtr payable april record march 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
institution savings qtly div qtly div cts vs cts prior pay may record april 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
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 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
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
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
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
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
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
environmental systems co st qtr jan shr cts vs cts net vs revs mln vs mln note share preferred dividends 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
energy ltd year net shr cts vs cts net vs revs mln vs mln avg shrs vs reuter
hospital 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
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
aid corp raises quarterly dividend qtly div nine cts vs eight cts prior qtr payable march record march 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
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
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
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
shell canada said raised crude prices canadian cts barrel today
dixons group said accepts pct cyclops shares tender
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
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
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
acquires antibioticos n v said major shareholder montedison spa owns pct common pct owned subsidiary acquired antibioticos related subsidiaries terms acquisition disclosed 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
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
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
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
florida commercial banks inc qtly div qtly div cts vs cts prior payable march record march 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
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
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
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 lower raw material costs 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
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 base stock ownership company dividend increase reflects directors positive outlook future prospects pier imports said clark johnson president chief executive officer reuter
buys british caledonian unit system inc said acquired caledonian ltd british caledonian group plc undisclosed terms caledonian repairs aircraft engines reuter
group lowers visa interest rate la 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
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 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
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
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 mln dlrs year oil gas industry could lead one billion dlrs new investment masse told news conference program affect drilling done 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 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
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 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
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
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
rowe furniture corp rowe sets qtly dividend qtly div four cts vs four cts prior pay april record march 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
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
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 prime minister margaret thatcher decides hold back could lead decline pound 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 signs least proportion latest sterling buying long term capital coming london market notably japan argue pound 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 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
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
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 high guaranteed notes debentures b plus plus high 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
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
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
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
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
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
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
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
p c inc year loss shr loss cts vs loss cts net loss vs loss sales vs reuter
properties inc increases dividend qtly div cts vs cts prior payable april record april 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
inc year nov loss net loss vs loss sales vs 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
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 rise prt later time 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
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
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
usa inc regular dividend set qtly div three cts vs three cts previously pay april record april one reuter
china allows nationwide foreign exchange saving people throughout china open foreign exchange accounts bank china official economic zone daily said previously residents 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
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
inc qtr jan loss shr loss cts vs loss cts net loss vs loss revs mln vs 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
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
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 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 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
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
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
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
utilities corp regular div qtly div cts vs cts prior pay april three record march reuter
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 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 operations company faced strong competition u k mid east export markets 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
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
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 egg business allow concentrate plastics packaging business 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
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 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
cb completes acquisition cb bancshares inc said completed acquisition first community bancshares inc ga assets mln dlrs 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
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
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 refinery cts shr reuter
stores corp regular payout qtrly div cts vs cts prior pay april record april 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 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
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 market attempt establish hold new trading range higher interest rates said economists merrill lynch capital markets merrill lynch economists raymond stone ward 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 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 weak march employment data key year treasury bonds lost points price week whole thursday pct closing yield high braverman said 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 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 credit numbers due wednesday march producer price data friday may 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
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
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 said reuter
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
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 yen since mid january sumita said added expect yen dollar exchange rate remain unstable market concerned sharp rise yen bank japan keep close exchange rates line paris accord added 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
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 nilsson announcing mln crown deal told news conference boliden would become international concern operations brazil big minerals producing nations said allis chalmers division accounting pct u group sales would fit well boliden 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
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 built since official publications show container two timber three general cargo added current five year plan said rail line double maybe shanghai added 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
co ltd year shr dlrs vs dlrs
api says distillate stocks mln bbls gasoline crude
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 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
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
southeast banking corp sets quarterly qtly div cts vs cts prior pay april record march 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
may department stores co th qtr shr dlrs vs dlrs
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
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
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
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
woolworths ltd reports mln dlr net profit yr end feb vs mln
sterling drug inc increases payout qtrly div cts vs cts pay june record may note company said largest dividend increase years reuter
del financial corp sets payout mthly div cts vs cts prior pay july one record june reuter
corp sets quarterly qtly div three cts vs three cts prior pay april record march 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
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
high winds keep vessels trapped baltic ice strong south winds keeping many vessels trapped ice swedish coasts one worst periods baltic many years 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
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
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
bankers trust new york corp bt qtly dividend qtly div cts vs cts prior pay april record march 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
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
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
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 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
corp year loss shr loss cts vs loss cts net loss vs loss sales vs nil note company development stage 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
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
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
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 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
capital cities sets payout qtrly div five cts vs five cts pay april record march
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
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
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
mts acquisition talks pratt hotel southmark caesars world purchase
cyclops corp reforms board dixons group fails get majority cyclops stock
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
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
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
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 subsidies last december line imf recommendations move caused 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 fluctuations exchange rate kwacha slid around per dollar auction system losing pct value months however since end january 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
communications corp loss shr loss vs loss net loss vs loss rev mln vs mln note net includes loss mln dlrs restructuring charges 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
may department stores co raises dividend qtly div cts vs cts previously pay june record june one 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
thomson u government fund dividend mthly div cts vs cts prior month payable april six record 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
jacobs takes majority stake cote jacobs suchard ag said acquired comfortable majority interest takeover bid cote sa belgium leading producer 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
sweden boliden announce major corporate takeover today official
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
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 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 china also earn foreign exchange contracted labour abroad added 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
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 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 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 projects based forecasts dlrs barrel oil dlr per natural gas decade 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
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
medical centers inc payout qtly div two cts vs two cts prior pay april record april three 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 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
att sets payout regular dividend qtrly div cts vs cts prior pay may one 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
yeutter says u budget deficit reduction key trade deficit solution
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
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
transamerica income monthly dividend shr cts vs cts prior period pay april record march note full name transamerica income shares inc 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 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
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 offset mln stg exchequer transactions bankers balances target mln 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
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
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
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
america inc ups payout qtly div cts vs cts prior pay may record april 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
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 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 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
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
ups capital stake pct new york investor several investment partnerships controls said raised stake capital cable corp shares pct total pct filing securities exchange commission jaguar management co entities said bought capital common shares feb dlrs share said group spent total mln dlrs investment company far 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
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
norstar shareholders get fleet financial shrs per norstar share merger
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
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
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 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
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
french firm five pct calif water compagnie generale des eaux pa french water waste treatment disposal 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
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
bundesbank sets day securities repurchase tender fixed pct
first wisconsin nat l bank hikes prime rate first wisconsin national bank said raised prime rate pct pct effective today 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
resource investors year end dec shr loss cts vs profit cts net loss vs profit revs vs mln 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
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 payments company make second distribution around april said 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
key u house trade subcommittee approves bill toughen u trade laws
ceasars world says studying unsolicited dlr per shr offer martin sosnoff
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
baldrige sees u trade deficit starting decline feb march data
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
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
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 someone already said carbide extended business way extending specialty chemicals business way reuter
drops merger talks ltd said terminated discussions acquire united labs pursuant jan letter intent buy company stock cash 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 plants illinois kentucky puerto rico reuter
bp managing director says company plan hike dlrs standard offer
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
inc year net shr seven cts vs cts net vs revs vs 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
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
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 supported appeal would join appeal motion reuter
united pretax profit mln stg vs mln jan
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 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
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
macandrews forbes unit begins offer buy revlon group already owned
petroleum ltd year net shr cts vs cts net vs revs mln vs mln 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
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
amoco reports south china sea oil find u amoco petroleum corp reported offshore oil find 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
restaurants inc sets quarterly qtly div cts vs cts prior pay april record april six 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
video shareholder proposes possible sale liquidation company
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
mulford disappointed newly industrialized nics efforts strengthen currencies
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
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
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 coal operations mineral properties reuter
realty trust qtly div div cts vs cts prior payable april record april reuter
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
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
idb communications group inc year net period ended december shr cts vs cts net vs revs vs 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
romania lose trade rights president reagan formally ended preferential duty free trade treatment exports 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 little trade romania 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
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 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 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
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
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
volcker urges greater exchange rate stability federal reserve board chairman paul volcker said international 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
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
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
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
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
acquires subsidiary finland medical group said acquired electronics components importers subsidiaries finland electronics group said statement merged professional electronics information systems division disclose price acquisitions said issued restricted b shares partial payment reuter
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
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
campbell red lake mines ltd crk qtly div qtly div canadian cts vs canadian cts prior pay may record april 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
real estate gain sale real estate investment trust said post first quarter gain dlrs sale spanish ga completed last week 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
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 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
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
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
york international make acquisitions york international corp said agreed acquire co inc undisclosed terms company said makes equipment also makes equipment together two revenues mln dlrs company said hopes complete acquisition may subject review regulatory approvals 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
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
cosmo communications corp year loss shr loss one ct vs loss dlrs net loss vs loss mln revs mln vs mln reuter
inc st qtr dec loss shr loss cts vs loss nine cts net loss vs loss sales vs reuter
waste management says waiting period ends chemlawn bid
london ore enquiries south africa 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
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 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
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
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
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
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
co bin regular dividend set qtly div cts vs cts previously pay april record march 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
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
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 gold backed bonds maturities years investors reduce federal debt 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
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
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
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 lifo adjustment projected sales quarter due primarily weather despite th qtr results said net income year ended come close record level previous year dlrs dlrs share 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
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 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 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 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
second national building raises dividend qtrly seven cts vs six cts pay april record march note full name company second national building loan 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
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 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
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
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
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
supermarkets general corp th qtr cts vs cts
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 ice reported three four upper mississippi river sections generally free ice spokesman said weather 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
packaging systems buy label firm packaging systems corp said agreed acquire walter inc privately held maker based n j terms acquisition expected completed within days disclosed 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
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 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
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
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
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
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
american motors corp gets qualified audit financial statements
ftc 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 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 acid markets 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
campbell red lake crk sets quarterly dividend qtly div cts vs cts prior pay may record april note canadian funds reuter
florida employers insurance co year shr cts vs nine cts net vs note net includes loss dlrs extraordinary item 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
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
alliance financial corp dividend set qtly div cts vs cts previously pay april record march 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 based products goods also operates fully integrated poultry business business markets livestock poultry feed distributes grain network country terminal 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 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
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
corp year net shr one ct vs nil net vs revs mln vs mln 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
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
phh group phh regular qtly dividend qtly div cts vs cts prior pay april record april 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
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 foreign customers declaring force 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
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 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
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
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
perry drug stores inc st qtr jan net shr cts vs cts net vs sales mln vs mln reuter
nestle net billion swiss francs vs billion div unchanged francs
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 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 lumber case totally said canada progressive conservative government agreed impose pct duty 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 low international commodity prices government subsidies reality problem injury caused worldwide said caused downturn commodity price fertilizer whether potash fertilizer fertilizer whatever reuter
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 prices saudi arabia main architect december pact opec agreed cut total oil output ceiling pct return fixed prices around dollars barrel 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 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
inc year loss shr loss cts vs loss dlrs net loss vs loss revs vs note th qtr data given 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
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
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
charter co th qtr net profit mln dlrs vs loss mln dlrs
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
ltd year net shr nine cts vs six cts net vs revs mln vs mln note year includes tax gain dlrs reuter
citibank says raises base rate pct pct
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
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
cie one five bonus share issue cie subsidiary recently privatised banking group cie financiere de paribas 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
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
realty investors sets payout qtrly div cts vs cts prior pay july record june
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
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
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
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
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
fairchild industries inc th qtr oper shr loss cts vs loss eight cts
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
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
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
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
harcourt brace sets march deadline harper row bid
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
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
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 took priority sweden traditional policy sanctions backing u n security council government decide later form trade boycott take come force reuter
corp st qtr jan net shr cts vs cts net vs avg shrs vs 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
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
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
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
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
computer systems inc year end dec shr cts vs cts net vs revs vs 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
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
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
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
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 plain stretching red sea saudi arabia commerce finance minister 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 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 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
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
vms mortgage investors l p div nine cts vs nine cts prior payable may record april one reuter
u calls greater gatt checks trade united states appealed stronger powers general agreement tariffs trade gatt 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 institution weak unable 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 ministerial involvement whether formal informal meetings said gatt ruling council due 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
new world pictures gain sale five pct taft broadcasting
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
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
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
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
inc year loss shr loss dlr vs loss dlrs net loss vs loss revs vs reuter
bp says tender remaining pct standard oil dlrs share cash
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
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
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
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
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
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
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
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
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
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
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
thompson medical co inc sets quarterly qtly div cts vs cts prior pay april record march 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
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
permian basin royalty hikes distribution cash distribution cts vs cts pay april record march note trust full name permian basin royalty trust 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
corp st qtr feb one loss shr loss nine cts vs profit two cts net loss vs profit revs vs 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
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
chrysler take renault stake american motors says renault
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
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
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
supermarkets general gets unsolicited bid dlrs shr cash
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
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
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
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
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
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
extends amoco oil exploration agreement 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 studies amoco far laid km seismic lines five exploration wells basin may drill three wells end extended exploration period statement said 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 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
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
browning ferris industries inc bfi payout qtly div cts vs cts prior pay april record march 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 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
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 merger launched full bid progressive n z dlrs share last monday 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
companies inc first qtr net shr profit three cts vs loss cts net profit vs loss rev mln vs mln avg shares vs 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
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
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
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
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
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 heavier crude oil cts barrel last friday dlrs dlrs barrel respectively netback values mediterranean region shown dlrs barrel grade mar mar feb 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
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
expects unchanged dividend ag f expects pay unchanged dividend marks earnings profits 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
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
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
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
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
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
computer associates acquire uccel corp mln dlrs
fed three day system 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
first federal michigan st qtr net shr dlrs vs dlrs net vs avg shrs mln vs mln 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
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
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
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
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 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
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
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 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
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
inc data st qtr net oper shr cts vs cts oper net vs revs vs note net excludes dlr tax credit 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
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
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
h robins says rorer group merger proposal merits consideration
g edwards inc age st qtr may net shr cts vs cts net vs revs mln vs mln avg shrs vs 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
u asks congress 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 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 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
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 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
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
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
great northern nekoosa first qtr shr dlrs vs cts
clevite industries says j p industries offered dlrs share buy company
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
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 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 east north yemen oilfield 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
southern national corp st qtr net shr cts vs cts net vs reuter
lsi lighting systems inc st qtr net qtr ends september shr cts vs cts net vs revs vs reuter
ccr video received offer negotiate takeover intercep investment corp
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
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
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
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 manufacturing shares registered name banking subsidiary nominees bhd beneficial owner 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
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
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
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
group welcomes latest g agreement group developed nations issued communique 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
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
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
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
neworld bank savings st qtr net oper shr cts vs cts oper net vs note net excludes dlr tax credit reuter
revlon group agrees merge macandrews forbes group dlrs shr cash
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
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
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
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
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
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
miyazawa says g still strongly supports louvre accord
u house speaker wright concerned interest rate rise greenspan
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
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 final estimates imports exports reporting february trade data delayed several weeks permit gathering latest figures imports exports give picture monthly trade balance reuter
iran warns u raising tension gulf iran warned united states monday gulf crisis saying would 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
ibc acquisition gets shares tender buy pct
montgomery street income mts st qtr net shr cts vs cts net vs note full name montgomery street income securities inc 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
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
inc year net year ended march shr three cts vs cts net vs revs mln vs mln reuter
gander mountain inc st qtr sept net shr cts vs cts net vs sales mln vs mln reuter
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
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
dupont unit raises crude oil postings cts bbl effective yesterday
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 assets end mln dlrs earned premiums mln dlrs hawaiian electric said plans operate employees current management reuter
stifel financial said received unsolicited merger proposal
dillard department stores agrees buy two allied stores units mln dlrs cash
federated department stores march sales pct
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
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
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
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
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
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
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
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
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
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
p transportation services inc net st qtr shr cts vs cts net vs revs mln vs avg shrs vs 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
unocal raised crude oil postings cts bbl wti dlrs bbl
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
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
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 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
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
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
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 american investment also meet finance secretary jaime ongpin trade industry secretary jose concepcion 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
miyazawa says baker remarks aimed louvre agreement
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
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
industries inc st qtr sept shr cts vs cts net vs sales mln vs mln avg shrs mln vs mln reuter
southmark sm acquires berg ventures southmark corp said acquired berg ventures inc manages units shopping centers stretching new jersey florida controlled affiliated berg harmon associates terms disclosed southmark said acquisition makes nation largest management firm units southmark also said become managing partner berg harmon associates berg harmon limited partners made capital investments mln dlrs properties managed southmark 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
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
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
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 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
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
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
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
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
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
progressive bank inc rd qtr net shr cts vs cts net vs nine mths shr dlrs vs dlrs net vs 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
poehl says chances exchange rate stability good
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
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
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
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
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 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
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
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
venezuela probes alleged foreign exchange fraud banking authorities investigating alleged fraud second largest trading house caracas free foreign exchange market finance minister manuel azpurua told reporters banks technical begun probes la azpurua said friday night 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 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
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 discipline maintained said said still excess supply long remains oil markets prices remain around dlrs output remains control said saudi king fahd remarks last month increased production important long would affected output relevant welcome powerful producer reuter
raises quarterly qtly div cts vs cts prior pay may record april reuter
merrill corp st qtr april net shr cts vs cts net vs revs mln vs mln avg shrs vs 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 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
fed seger says u thrift industry needs stable interest rates
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
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
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
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
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
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
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
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 employees dlrs charge reorganization costs dividend payable november holders record november two 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
shultz warns looming trade problem u secretary state george shultz warned members association southeast asian nations 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 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
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
society savings forms holding company society savings said completed merger newly formed holding company society savings bancorp inc share share basis 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
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
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
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 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
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
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
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
st qtr net shr cts vs cts net vs sales mln vs mln avg shrs vs 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
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
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
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
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
renta seeks cannon group assets spanish property firm renta sa negotiating buy property assets u media company cannon group inc renta finance director jose 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
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
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
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
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
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
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
inc st qtr sept net shr cts vs cts net vs sales mln vs mln avg shrs mln vs mln reuter
star inc st qtr march net shr three cts vs two cts net vs rev vs avg shrs vs reuter
vulcan corp regular dividend qtly div cts vs cts prior qtr payable june record may 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
inc payout qtly div cts vs cts prior pay may record april 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
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 public particular urge increased imf developed article iv consultations use follow reports country actions implement imf recommendations greater use special 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 action significant intended course must definitive ways right course key said 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
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
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 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
corp st qtr net shr cts vs cts net vs sales mln vs mln avg shrs vs reuter
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
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
ambrit inc abi payout qtly div two cts vs two cts prior pay may record may eight 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
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
rjr nabisco first quarter net include mln dlr gain mln dlr charge
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 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 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
nakasone sumita agree discount rate cut appropriate central bank sources
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
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
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
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
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 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
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 mind reuter
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
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
ltd int six mths april net shr cts vs cts net vs revs mln vs mln 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 built alabama hmo said intends work health care alabama develop hmo 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
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
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
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
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
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
foods inc st qtr loss shr loss three cts vs loss three cts net loss vs loss sales vs avg shrs vs 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
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
inc st qtr sept loss shr loss cts vs profit cts shr net loss vs profit revs mln vs mln 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
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
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
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 basin permit contains gas condensate discovery addition papua new guinea merlin petroleum exploration production interests u bond added 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
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
data st qtr sept net shr cts vs cts net vs revs vs note full name data services ltd reuter
marathon raises crude oil postings cts bbl wti dlrs
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
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 financing facility annual meeting fall pay particular attention lack continuing associated use whether export earnings indeed temporary said 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
turkey calls solve dispute turkey said today disputes greece including rights continental shelf aegean sea negotiations foreign ministry statement said latest crisis two members 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 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 message disclosed reuter
idc services agrees acquired dlrs share apollo partners group
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
systems inc st qtr sept net shr cts vs cts net vs sales vs 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
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
u bancorp st qtr net shr cts vs cts net mln vs mln avg shrs mln vs mln 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
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
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
e f hutton lbo inc says unit terminates merger agreement purolator courier
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
inc st qtr net sept shr seven cts vs five cts net vs revs vs 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 equipment facilities resulting u tobacco operations mln dlrs continuing food subsidiaries mln dlrs connection early retirement high coupon debt 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
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 maintaining increasing market share core businesses year next impact bottom line said reuter
weis markets inc st qtr march net shr cts vs cts net mln vs mln revs 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 british firms pressed retaliatory measures younger said reuter
gaf gaf seen raising borg warner bor bid gaf corp set acquiring borg warner corp 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 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
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
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
central ill public service 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
completes sale stock investors said completed sale mln dlrs stock citicorp venture capital ltd ventures read co private investors 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
wells fargo co st qtr shr dlrs vs dlrs
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
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
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
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
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
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
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
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
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
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
savings bank initial dividend qtly div eight cts vs n payable may record april 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
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
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
corp st qtr sept net shr cts vs cts net vs revs mln vs mln avg shrs mln vs mln 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 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
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
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
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
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
universal foods corp votes dividend qtly div cts vs cts prior qtr pay may record april reuter
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
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
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 venezuela indonesia libya algeria ecuador saudi arabia iran hernandez declined say whether three four countries said mideast gulf 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
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 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
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
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
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 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 bottom market bear mind remarks chicago last week dollar recent move upward technical reaction would trade significantly lower analysts said 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
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 reserves nine mths includes pre tax gain mln dlrs sale iron ore interest western australia reuter
buy crude oil iran 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 training oil production refining 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
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
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 told reporters iran capabilities means prevent president reagan pledged keep gulf open protect kuwaiti tankers possible iranian attack reuter
dart said sold mln dayton hudson shares expects sell rest holding
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
u k credit policy seen steady despite bank data 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 u k asset markets housing equities key two asset markets consumer 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
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
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
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 course growth said expect development continue coming months asked expectations u european community trade war poehl said event would reason europe must avoid everything used protectionist forces u added includes eliminating existing restrictions ec far possible protectionism found u reuter
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
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
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
co st qtr may net shr cts vs cts net vs sales mln vs mln reuter
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
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
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
zambia kwacha falls weekly auction 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 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
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
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
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
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
usair buy pct mln piedmont shares tendered
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
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
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 talked u officials would damage west german exports cost jobs reuter
raise energy factors stake lp said signed agreement increase interest energy factors inc pct pct investing mln dlrs energy factors stock 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
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
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
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
united telecommunications inc st qtr shr cts vs cts
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
corp ohio st qtr net shr cts vs cts net vs 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
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
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
dresser industries inc sell reliance standard life insurance unit
telex corp investigate alternatives tlx partners bid may seek purchasers
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
u house 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 said bill ask administration address tough policy questions report reuter
rubbermaid inc st qtr shr cts vs cts
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
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
phillips raises crude oil posted prices cts bbl effective yesterday wti dlrs
countrywide transport 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
basin pipeline texas okla border bpd crude affected
imperial oil raises crude oil postings canadian cts bbl light sweet
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
wall corp three mths net shr five cts vs one ct net vs revs mln vs mln note period ended april 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 dome debt plan dome announced plan major creditors well public march several months delicate negotiations transcanada proposal amounts debt restructuring oil analyst 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
franklin insured sets monthly payout mthly div cts vs cts prior pay april reord april note franklin insured tax free income fund 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
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
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 said telephone 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
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
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
rise technology inc st qtr loss shr loss cts vs loss one ct net loss vs loss revs vs 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
c r inc jan year net shr dlrs vs cts net vs sales mln vs mln 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
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
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
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
enterprises nine mths aug net shr cts vs cts net mln vs mln sales mln vs mln note enterprises inc 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
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
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 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
laboratories inc sets quarterly qtly div cts vs cts prior pay may record april 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
gillette says revlon asked board consent dlrs per share offer
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
community bank system inc cbsi st qtr net shr cts vs cts net vs note share adjusted two one stock split may 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
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
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 technology use cpc said ajinomoto also purchasing pct interests cpc wholly owned subsidiaries hong kong malaysia philippines singapore taiwan thailand 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 incentive program provision version published last dec 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
union pacific raises crude oil postings cts bbl effective yesterday wti dlrs
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
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
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
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
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 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 changed market environment said crude oil sales last year jumped average bpd pct exported refined product sales totalled eight mln tonnes pct exported adnoc marketed total bpd crude oil mln tonnes refined products reuter
henley group said ended talks buying southern pacific santa fe southern
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
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 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
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
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
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
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
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
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
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
freedom federal seeks buyer freedom federal savings bank said 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 step take time bank said 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 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
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
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
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
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 nine month earnings include mln dlr tax writeoff th qtr portion assets company midland nuclear project 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
science accessories ends purchase talks science accessories corp said ended talks acquiring privately held electronics inc could reach satisfactory terms 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
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 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
chemical bank cuts prime rate pct pct effective immediately
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
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
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 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 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 nine per head per year sales limited import restrictions currency risks accounted pct total sales site production expensive high price imports essential heineken 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
national city bancorp pct dividend national city bancorp said directors annual meeting declared pct stock dividend payable may record april 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
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 samjens lawyers also pointed lawsuit filed burlington canada said considering bid dominion surely would would gander said samjens lawyer reuter
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
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
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
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
shipping sources say unidentified raid iranian oil platforms southern gulf
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 levels equity development products company manufacture bring market genetics earlier said first quarter ended february losses rose dlrs year ago loss dlrs 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
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
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
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
bundesbank schlesinger says plan cut discount rate newspaper
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
new container cranes arrive port two large container cranes danish international development agency arrived help increase port cargo handling capacity port officials said two new container cranes join one danish container crane already installed port important trade zambia eastern five cranes finland due arrive soon increasing container terminal handling capacity units per year present officials said 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
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 heavy coordinated intervention group seven central banks content sterling exchange rate pointing record billion stg rise u k may currency reserves announced today said 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 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
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
dow jones co inc first quarter shr cts vs cts
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
industries inc fit st qtr feb net shr cts vs cts net vs revs mln vs mln 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 upon definitive merger confirmation clevite financial results condition reuter
may sterling bank lending billion stg billion april official
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
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 disappointing sales lower expected due mainly delayed defence orders however said taken necessary action obtained new business proceeding delivery major delayed orders morgan shares firmed two pence p gmt p friday close reuter
hartmarx corp boosts dividend chicago april qtly div cts vs cts prior qtr pay may record may
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
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
romania grain crop seen less favorable current prospects year grain crop 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 winter temperatures spring however general plant development least three weeks behind normal spring conditions greatly regions report said fields period last fall especially receiving water pct fields appeared good condition little evidence winterkill others considerably report said fields adequate last fall showed weak stands winterkill fields averaged pct said reuter
canada mln dlr bill issue yield average pct official
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
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
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 voting right per share present astra stock consists one series restricted shares one free shares 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
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
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
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
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
kraft kra completes acquisition kraft inc said completed acquisition co foodservice distributor based ill terms withheld said sales mln dlrs 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
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
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 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
industrial equity tells sec send calmat proposal business combination
rothmans denies share sale speculation rothmans holdings tobacco ltd said foundation press speculation would sell stake rothmans international plc 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
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
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
mellon bank corp 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
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 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
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
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
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
corp st qtr sept net shr eight cts vs cts net vs revs vs note went public october seven 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
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
gabelli firms pct stake digiorgio corp may seek control
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
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
sumitomo bank aims quick recovery merger sumitomo bank ltd certain lose status japan profitable bank result merger bank financial analysts said based sumitomo around 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
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
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
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
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
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
john hanson savings st qtr net sept end shr profit cts vs loss six cts net profit vs loss assets billion vs mln 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
inc st qtr loss shr loss cts vs loss five cts net loss vs loss sales vs 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
baker communications inc year loss shr loss cts vs loss cts net loss vs loss revs 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
row louvre accord dealers louvre accord currency stability maintained calm currency markets since last february appeared serious danger today 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 currency analyst phillips drew london said bank japan official took much view telling reuters exchange market apparently 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 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
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
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
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
crazy eddie inc says oppose slate entertainment marketing
greyhound agrees acquire trailways routes greyhound lines said agreed acquire routes trailways corp greyhound said interstate commerce commission authority acquire operate trailways routes terminals trailways abandoned service seven states past year half three states company said without intervention trailways imminent said fred chairman president greyhound 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 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
deutsche bank chief says louvre pact still deutsche bank ag joint chief executive wilhelm christians said believed louvre accord currency stability still 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
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
independent bank corp regular dividend qtly div cts vs cts previously pay april record april reuter
bancorp st qtr net shr cts vs cts net vs loans mln vs mln deposits billion vs mln assets billion vs billion 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
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
corp st qtr shr cts vs cts
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
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
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
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
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
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
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
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 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
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
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
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
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 encouraging signs business ibm said statement addition increase first quarter shipments announced new offerings large personal product lines said yet fully benefit recent product announcements retirement incentives resource measures expect actions significant impact 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
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
american eagle ltd year loss shr loss cts vs profit cts net loss vs profit revs mln vs mln 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
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
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
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
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
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
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
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
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 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
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
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 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
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
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
u end netherlands antilles tax treaty treasury department said 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 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
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 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 replaced new technology imports combination industry may able compete domestic markets years ago results research indicate domestic market recovered exports expanded kelly said 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 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 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
ic industries says consider possible sale aerospace business
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
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
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
f w woolworth co z hikes dividend qtly div cts vs cts prior pay june record may reuter
sterivet laboratories ltd year loss shr loss cts vs loss cts net loss vs loss revs vs reuter
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
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
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
horizon bancorp rd qtr net shr dlrs vs cts net mln vs nine mths shr dlrs vs dlrs net mln vs mln 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
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
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
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
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
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
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
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
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
gte corp gte st qtr mar shr cts vs cts net mln vs mln revs billion vs billion avg shrs mln vs mln 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 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 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 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
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
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
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
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
liberty financial says agrees acquired equimark dlrs per share
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
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
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
corp st qtr net shr cts vs cts net vs loans mln vs mln deposits mln vs mln assets mln vs mln reuter
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 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
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
dixons exploring sale cyclops cyl unit dixons group plc l british concern recently acquired operational control cyclops corp said exploring possibility selling cyclops subsidiary beaver building centers inc filing securities exchange commission dixons said determined explore possibility sale following preliminary review business activities cyclops beaver building centers pittsburgh pa lumber building materials company dixons control cyclops dlr share tender offer reuter
bankeast corp rd qtr net shr cts vs cts net vs nine mths shr cts vs dlrs net vs mln 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
mellon participating mortgage trust div qtly div cts vs cts prior payable may record april 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
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
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
bass led group pct bell howell co stake investment
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
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 revised effective tax rate reuter
care inc acquire care inc said agreed acquire associates calif exchange care shares reuter
strata corp year dec loss shr loss dlrs vs loss dlrs net loss mln vs loss mln revs mln vs eight mln 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
burmah oil pre tax profit mln stg vs mln
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
smith corp smc sets qtly divs class b cts vs cts pay may record april 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
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
wickes wix completes purchase wickes cos inc said completed purchase corp undisclosed amount supplier automotive equipment annual sales mln dlrs reuter
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
lyng 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
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
calny inc sets quarterly qtly div four cts vs four cts prior pay may record april 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 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 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 equity markets dennis noted david morrison goldman sachs international said world market turbulence group seven g leading western nations confirms base dollar 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
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
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
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
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
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 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 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
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
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
rowe furniture corp rowe st qtr feb shr cts vs cts net vs revs mln vs mln 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
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
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
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
j bildner sons inc st qtr shr one ct vs nil net vs revs vs 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
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
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
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
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 showed shared view expect declaration position positive effect said noted dollar firmed late u trading outcome baker meeting published 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
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
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
spectra physics rejects ciba geigy tender offer
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 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
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
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
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
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
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
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
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
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
reagan says u allies must honor accords exchange rate stability
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 company said plans invest approximately mln dlrs ski area next years 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
tecsyn international terminates takeover talks investor group
national unit raises crude prices permian corp subsidiary national 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
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
franklin massachusetts sets monthly payout mthly div cts vs cts prior pay april reord april note franklin massachusetts insured tax free income fund 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
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
poehl says german international interest rate rises cause concern
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
murphy oil said proposing acquire remaining pct canadian subsidiary
major u pipeline may closed several days operator major u crude oil pipeline shutdown 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 red river pipeline shipping roughly barrels crude oil per day pct capacity days 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
stoltenberg says assumes monetary cooperation continue
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
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 stronger move iran ordered president carried operation decided upon carried think well done said 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
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
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
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
atlantis group tells sec seeks negotiated purchase charter crellin
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
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
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
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
german finance ministry confident maintaining currency stability around current levels spokesman
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
weinberger says u forces attacked iranian oil platform
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
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
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
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
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
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
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
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
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
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
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
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
sets split payment date lp said april distribution date new units result previously announced two one split unitholders record april 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
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
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
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
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
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
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
gas raises quarterly qtly div cts vs cts prior pay may record may one 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
u k chancellor lawson says may need cut interest rates countries
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 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
japan given little hope avoiding u sanctions top u official said japan little chance 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
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
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
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
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
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
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
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
buys buys computer firm 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 said said thomas nationwide combined systems leasing corp unit va 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
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
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
trump interstate properties talks acquire
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
new england savings bank st qtr net shr cts vs given net vs note converted stock ownership aug reuter
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
graphic services inc st qtr may shr cts vs cts net vs sales vs avg shrs vs 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
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
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
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
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
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
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 recent peak pct october line declining money market levels citibank said reduction reflected decline 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 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 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 whether congress would cut much federal budget hand also made clear attached gradually declining deficit ceilings set period last year 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
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
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
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
total capital acquires compact total capital corp said acquired compact inc unspecified amount stock surviving company controlled total capital said makes compact 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
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
group funds holding inc group consisting 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
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
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
first valley corp rd qtr net shr cts vs cts net vs nine mths shr dlrs vs dlrs net mln vs mln 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 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 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
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 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
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
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
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
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
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
iraqi troops reported pushing back iraq said today troops pushing iranian forces positions initially launched new near southern port early yesterday high command communique said iraqi troops significant victory continuing advance iraq said three km six miles admitted ground held al unit one three divisions attacked communique said iranian warplanes helicopter heavy tanks forces continuing advance last foothold 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
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
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
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
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
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
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
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
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
french week bill average rate rises pct pct official
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
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
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 reviews continue remaining sanctions stay force officials said japan full compliance semiconductor agreement 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
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
national city corp st qtr shr primary cts vs cts
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 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
corp sets quarterly qtly div five cts vs five cts prior pay july one record june 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 division resigned last week personal family reasons spokesman said 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
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
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
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
first colonial bankshares corp st qtr shr cts vs cts net vs avg shrs vs reuter
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 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 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 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 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 glass beer central banker also keen 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
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
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
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
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
seven oaks international inc year net periods ended april shr cts vs cts net vs revs mln vs mln avg shrs vs reuter
products corp 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
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
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
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
stop shop cos split hikes dividend
dayton hudson said told buyer stock interested acquired
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
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
first union real estate investments 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
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
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
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
letter intent acquired inc said signed letter intent acquired inc stock stock exchange completion transaction would pct issued outstanding stock reuter
inc declares dividend qtly div nine cts vs nine cts prior pay july record june reuter
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
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 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 slim none added 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
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
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
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
ind says leads group pct media general may seek control
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
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
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
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
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
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
data inc st qtr feb net shr cts vs cts net vs sales vs avg shrs vs reuter
bank france says leaves intervention rate unchanged pct
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
newmont 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
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 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 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
bancorp inc st qtr net shr dlrs vs dlrs net vs avg shrs vs reuter
diamond shamrock offshore partners payout qtly div cts vs cts prior pay june eight record may eight 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
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
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
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
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 forced vessels travel reduced speed water authority spokesman said water authority spokesman north said vessels moving normally 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
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
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
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
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
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
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
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
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
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 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
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 negotiation offered details 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
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
co votes quarterly dividend qtly div cts vs cts prior qtr pay june record may 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
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
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
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
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
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
northwestern national life ups payout qtly div cts vs cts prior pay may record april note northwestern national life insurance co 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
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 products ibm pc product ibm xebec said intends continue operations light loss business company also said already consolidated two plants nevada plans sell surplus assets provide additional liquidity reuter
canada day bills average pct making bank rate pct
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
trade surplus narrows slightly february 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
ec u remain divided pasta dispute top level talks last week european community ec united states failed resolve dispute pasta may new trade next month diplomatic sources said u 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 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 due visit washington july 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
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
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
dominion textile calls report bid burlington rumor
john h co st qtr net shr cts vs cts net mln vs revs mln vs mln reuter
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
southland corp raised crude oil postings cts bbl wti dlrs bbl
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
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
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
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
fed johnson says louvre accord alive cites u german differences
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
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
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 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
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
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
north american communications possible sale merger
gte posts pre tax loss mln dlrs st qtr pct share us sprint
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
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 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
belgian one day strike transport shipping hour strike belgian public employees 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
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
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
hk shanghai bank standard chartered bank raise prime point pct
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
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
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
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 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 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
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
us ruled attack iranian u military ruled iran silkworm missiles target retaliatory attack monday fear drawn 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 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 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
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
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
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
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 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 extra clients deputy director general 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 pa cie financiere de paribas pa sale banque du et des banque et completed month third largest french bank societe generale pa privatised later year 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
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
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
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
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
stoltenberg declines comment possible changed targets currencies
texas utilities co may net shr dlrs vs dlrs net mln vs mln rev billion vs billion avg shares mln vs mln reuter
ec 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
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 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 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 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
corp sets quarterly dividend qtly div cts vs cts prior pay may one record april 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 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
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
house fabrics inc st qtr net april shr cts vs cts net vs revs mln vs mln 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
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 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 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
first city industries sells yale units mln dlrs securities
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
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
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
ge credit says buy kraft inc k financial corp
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
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
products corp year loss oper shr loss cts vs loss cts oper net loss dlrs vs loss dlrs revs mln vs mln 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
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 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 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
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 barrels per day bpd api crude oil 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
inc st qtr loss shr loss cts vs loss cts net loss vs loss revs vs avg shrs vs reuter
jardine matheson said sets two five bonus issue replacing b shares
coastal said raised oil postings cts barrel october wti dlrs
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
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 share medco shares owned porex plus pro 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 book values reuter
beverly enterprises sets regular dividend qtly div five cts vs five cts prior pay july record june reuter
major u oil pipeline shut 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 oil lost 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 distance red river 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
anz banking group says cut prime rate pct june
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
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
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
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
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
care master lp raises quarterly shr cts vs cts prior pay july record june reuter
napa valley bancorp st qtr net shr cts vs cts net vs 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
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 borg warner stock heavy trading gaf closed 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
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
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
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 ties clothing 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
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
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 petroleum gas division reuter
super rite foods inc st qtr may shr cts vs seven cts net vs revs mln vs mln 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 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
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
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
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
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
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
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
entertainment marketing seeks buy crazy eddie eight dlrs share
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
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 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 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 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
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
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
fed seger says foreign exchange markets showing signs stability
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
inc six mths feb net shr cts vs cts net vs revs mln vs mln 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
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
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
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
u senate panel votes limit county loan rate changes starting crops
barnett banks florida inc st qtr net shr cts vs cts net mln vs mln avg shrs mln vs mln 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 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
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
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
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
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
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
martin processing said accepts dlrs share bid courtaulds plc
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
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
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 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
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
international consumer brands st qtr shr profit one cts vs loss three cts net profit vs loss revs mln vs 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
u lifting japanese trade curbs white house completed new review japanese semiconductor trading practices yet decided whether trade sanctions 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 certain japanese television sets personal computers hand held power tools reagan imposing curbs said would lifted soon evidence pattern japan adhering pact reuter
drug stores inc st qtr may shr cts vs seven cts net vs sales mln vs mln 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
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
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
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 told agriculture ministers meeting luxembourg ec willing make temporary arrangements impact u exports ec plan ban sales meat fed growth spokesman said washington said take trade ec proceeds ban january european countries quickly cut back sees unfair subsidies makers airbus 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
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 strategy entertainment marketing said analyst 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
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
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
german finance ministry confident maintaining currency stability around current levels spokesman
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
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
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
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
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
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
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
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
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
general electric co st qtr shr dlrs vs dlrs
top officials arrive treasury g talks top officials leading industrial nations arrived u treasury main building begin meeting group five officials seen 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 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
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
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
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
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
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 quoted minneapolis star tribune saying taking dayton hudson concerns seriously going help reuter
treasury baker met west germany stoltenberg today agreed support louvre pact
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
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
dart group said solicit proxies attempt acquire dayton hudson
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
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
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
equiticorp holding guinness 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
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
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
japan india conference cuts gulf war risk charges japan india 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 tension gulf 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
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
declares one split inc said directors declared one reverse stock split common stock said split payable april shareholders record april reuter
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
chrysler agrees acquire electrospace systems mln dlrs
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
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
acquire prince co mln dlrs
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
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
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 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 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
world car phone rules international telecommunications union communications worldwide decided end five week conference allow mobile phone systems linked telecommunications officials said car linked land stations limited mainly areas new ruling make easier calls made regions meeting finished weekend also decided allow radio determination satellite system would enable fleet owners trace within metres movements cars ships around world 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
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 including financial services reuter
power co sets dividend qtly dividend cts vs cts pay june record may 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 dome debt plan dome announced plan major creditors well public march several months delicate negotiations transcanada proposal amounts debt restructuring oil analyst 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
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
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
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
australian foreign ship ban ends nsw ports hit tug crews new south wales nsw 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
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
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
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
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
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
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
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
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
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 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
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
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
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
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
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 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 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
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 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
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
bank japan support dollar yen dealers
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
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
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
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
canada bank rate rises pct canada bank rate rose 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
corp st qtr mar shr cts vs cts net vs revs mln vs mln reuter
mead corp st qtr oper shr dlrs vs cts
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
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
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
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
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
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
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 next march powers said blocks mln acres involved proposed sale area three miles northern coast alaska ocean canadian border degrees west 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
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
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
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
hayes canada ltd nine mths net shr cts vs dlrs net vs sales mln vs mln 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
rio tinto zinc corp plc pretax profit mln stg vs mln
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
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
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
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 improvements u deficits adjustment process u trade balance definitely underway said noting figures improvement budget deficit also attracted little attention said 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
rite aid corp sets quarterly dividend qtly div cts vs cts pay april record april 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
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 final estimates imports exports reporting february trade data delayed several weeks permit gathering latest figures imports exports give picture monthly trade balance reuter
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
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
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
unocal ucl project unocal corp said told u treasury department include combustion technology method efficient 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
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
inc 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
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
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
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
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
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
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
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
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
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
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
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 accounting net includes dlrs investment tax credits mln dlrs 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
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 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
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 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
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
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
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
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
australian foreign ship ban ends tug crews new south wales nsw 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
gte corp st qtr shr cts vs cts
gencorp said agreement sell rko pictures terminated
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
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
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
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 said commitments made meetings need translated action reagan said pre summit speech th anniversary marshall plan 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
american health properties inc st qtr shr cts net revs note company began operating february 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
allied bankshares inc st qtr net shr cts vs cts net vs note qtr includes tax gain dlrs cts per share reuter
hong kong dairy farm says bids pct kwik save mln stg
hayes inc st qtr net shr cts vs cts net vs revs mln vs mln note pct owned corp 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
trans world airlines said carl icahn withdraws acquisition offer
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
irwin jacobs gillette gs stake investor irwin jacobs said investment gillette co amounting less five pct consumer products company stock jacobs made comment response comment yesterday gillette rebuffed takeover proposal revlon inc agreement two companies revlon must permission gillette board making offer shareholders board declined grant permission gillette takeover speculation several weeks stock traded heavily arbitragers said believe jacobs may investor sizeable position company 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
corp st qtr net shr cts vs cts net mln vs mln sales mln vs mln 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
unit agip petroli buys stake u company subsidiary state energy concern mi 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
broadcasting inc six mths feb net shr cts vs cts net vs revs mln vs mln 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
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
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
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
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
gencorp inc says sell general tire continental mln dlrs
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
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
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
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 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 said de comment attack taken response iranian action american owned tanker last week trying find actually happened calls iran u n commission response 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 market due 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
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
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
china daily says pct grain stocks survey seven cities showed seven pct china grain stocks china daily said also said year mln tonnes pct china fruit output left mln tonnes pct paper blamed waste inadequate storage bad methods said government launched national programme reduce waste calling improved technology storage greater production paper gave 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
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
cardinal end acquisition investors group cardinal savings loan association jointly announced proposed acquisition cardinal terminated mutual agreement 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 according gary manager operations total shut inch line runs across river capacity bpd well several smaller pipelines 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 river banks said total waiting river waters pipelines 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 interest payments negotiations resume new york friday central bank governor francisco gros expected ask banks day billion dlrs term debt april 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
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
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
circle express terminates planned acquisition overland express
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
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
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
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
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 almost hours attack could cause widespread pollution gulf minister told news conference tehran said rigs miles km east bahrain international waters final stages attack iraqi last year 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
banking corp florida rd shr cts vs cts net vs nine mths shr dlrs vs dlrs net vs reuter
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
stoltenberg rule central bank intervention stabilize currencies
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
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
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
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 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 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
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
fresh juice co inc st qtr feb net shr loss five cts net loss sales note company began april 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
moscow says retaliate gulf attacks iranian attack soviet ships gulf bring 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 efforts end iran iraq war 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
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
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
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
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
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
oil gas ltd year net shr cts vs cts net vs revs vs reuter
westinghouse electric corp st qtr shr dlrs vs cts
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
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
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
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
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
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
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
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
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
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
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
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
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
canada february trade surplus billion dlrs january mln dlrs surplus
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
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
industrial nations 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 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 question morning resignation democratic italy led government european monetary officials said later italian delegation inside building meant full meeting group seven progress 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
london house inc year april net shr cts vs cts net vs revs vs avg shrs mln vs mln reuter
inc 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
savings bank st qtr net shr cts vs given net vs note company went public july reuter
eastern utilities associates ups payout qtly div cts vs cts prior qtr pay may record may 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 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
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
lilly industrial coatings inc payout qtly div cts vs cts prior pay july one record june 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
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
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
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
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 ssmc facility ssmc said 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
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
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
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 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
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
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
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
texaco canada raises crude oil postings canadian cts bbl light sweet dlrs bbl
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
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
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
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
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 old old quite type acquisition spirits business steady gradual decline sometime tobacco business said thompson 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 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 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 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 three months ago said 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
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
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
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 adviser help decide shares sold timing sales price clearly need 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
simon schuster acquire woodhead faulkner u k undisclosed terms
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
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
pharmaceuticals ltd st qtr april end shr loss one ct vs loss two cts net loss vs loss sales vs 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
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
chemical new york corp st qtr shr dlrs vs dlrs
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
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
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
u commerce 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
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
j p morgan co inc st qtr shr dlrs vs dlrs
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
northwest th qtr net shr cts vs cts net vs sales vs year shr cts vs cts net vs sales mln vs 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
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
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
fed approves citicorp purchase assets sears calif thrift
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
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
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
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
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
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
delors calls g meeting european community commission president jacques delors called swift meeting g countries following 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 quickly enough changing circumstances said blame recent increases west germany reuter
rite aid corp sets dividend qtly div cts vs cts pay april record april reuter
anheuser busch bid san miguel anheuser busch companies inc 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
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 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
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
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
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
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
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 corp md inc 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
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
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
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
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
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
systems corp year loss year ended march shr loss three cts vs profit cts net loss vs profit sales vs avg shrs vs 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
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
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
montedison agrimont unit earnings montedison spa italy said net consolidated profit agrimont group formed june totalled billion lire agrimont spa holding company montedison 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
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
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
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
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 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
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
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
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 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 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
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
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
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 adequate repair facilities ships far east bi said china yards offered competitive prices guaranteed quality prompt delivery 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 louvre accord noted 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 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
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
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
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
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
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
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
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
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
ford raises qtly payout cts shr cts
ray buys west german company corp said acquired industrie gmbh mln dlrs manufacturing facilities west germany produces friction materials use applications 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
merrill lynch first qtr shr one dlr vs cts
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
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 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
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
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
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
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
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
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
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
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
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
savings bank st qtr net shr cts vs cts net vs avg shrs vs 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
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
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
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
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 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
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
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
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
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
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 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 aspects reuter
fed governor seger sees currency stability federal reserve board governor 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
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 west german economy reuter
opec differentials seen posing major problems opec states 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 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 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 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 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 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
murphy raises crude oil postings cts bbl yesterday wti dlrs
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 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
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
franklin california sets monthly payout mthly div cts vs cts prior pay april reord april note franklin california insured tax free income fund reuter
wal mart completes acquisition wal mart stores inc said completed acquisition super saver warehouse inc super saver wholly owned unit wal mart 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
burns foods inc 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
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
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
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
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
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
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
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
applied inc st qtr sept shr cts vs cts net vs sales mln vs mln reuter
energy services inc st qtr sept shr profit one cent vs loss cts net profit vs loss revs mln vs 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 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 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 united states markets washington imposes trade sanctions tokyo threatened 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
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 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
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 certainly affect export earnings coming year bangladesh 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
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
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
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
franklin ohio sets monthly payout mthly div cts vs cts prior pay april reord april note franklin ohio insured tax free income fund 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
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
buy unit assets inc said agreed principle buy u assets chemicals inc sterling group manufactures electrical industrial develops coatings electronics industry terms undisclosed said acquired sterling group canadian assets february said u acquisition adds mln dlrs annual sales volume reuter
corp payout qtly div cts vs cts prior pay may record may eight 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
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
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
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 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
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
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
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
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
rte rte buys emhart assets rte corp said completed purchase u aluminum business related assets emhart corp undisclosed terms reuter
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
telecommunications network year net shr cts vs cts net dlrs vs dlrs revs mln dlrs vs mln dlrs note year ended march 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 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
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
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 average economic growth first quarter however pick seems reflect pace inventory building prospect full year still real gross national product growth pct said reuter
first michigan bancorp rd qtr net shr cts vs cts net vs nine mths shr dlrs vs dlrs net vs reuter
group gets financing acquisition
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
crazy eddie crzy 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
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
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 u trade official 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
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
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
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
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 agreement agreement cooperate stabilising currencies reached paris february year finance minister made remark news conference followed morning cabinet meeting 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
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
p h glatfelter co says buy corp mln dlrs cash
forstmann little co said plans sell sybron corp unit
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
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
tandy corp st qtr sept net shr cts vs cts net mln vs mln revs mln vs mln avg shrs mln vs mln 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
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
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
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
centerre bancorp st qtr net shr cts vs dlrs net vs loans billion vs billion deposits billion vs billion assets billion vs billion 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
stoltenberg says meeting baker monetary cooperation
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
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
statoil 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 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
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 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
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 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
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 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 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
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
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
national inc st qtr st qtr ended september shr profit two cts vs loss cts net profit vs loss revs vs 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 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
financial inc rd qtr net shr dlrs vs cts net vs nine mths shr dlrs vs dlrs net mln vs mln 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
nova corp says considering takeover bid dome petroleum
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
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
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
corp year loss shr loss cts vs profit two cts net loss vs profit revs vs 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
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
marine midland banks inc st qtr dlrs vs dlrs
inc six months march net shr two cts vs n net revs note company became public march reuter
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
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
consolidated papers inc st qtr net shr dlrs vs dlrs net vs sales mln vs mln 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
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
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
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 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
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
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
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
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
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
marked dollar fall would burden u trade deficit stoltenberg
dayton hudson corp dh votes quarterly payout qtly div cts vs cts prior qtr pay june record may 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
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
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
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
u house 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 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 best blow high worst said wisconsin rep reuter
doe 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 settlements five violations non compliance regulations said would receive written comments settlements making final 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
new leader coming u sec 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 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 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 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 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 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 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 great stock market crash attributed large part widespread trading credit attempted market large investment firms agency requires public companies investment vehicles mutual funds issue reports financial condition disclose changes condition time issue new securities requires brokers dealers investment banks register comply investor protection rules exchanges 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 earlier year 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
american corp st qtr net period ended may shr cts vs cts net vs revs mln vs mln 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
del e webb investment properties inc st qtr shr seven cts vs nine cts net vs revs vs 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
corp makes acquisition corp said acquired thermo print gmbh west germany distributor products undisclosed terms reuter
independent bank corp st qtr net shr cts vs shr cts net vs reuter
rte corp rte buys emhart corp unit rte corp said completed purchase emhart corp united states aluminum 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
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
lebanese pound falls sharply dollar lebanese pound fell sharply u dollar today dealers decline continued political uncertainty pound closed dollar compared yesterday close political reflected pound position demand less offer market one dealer told reuters pound dollar january lost pct international value past three months 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
commercial shares corp said received shares commercial resources corp response dlr per share tender offer shares company said extended offer july expired yesterday 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 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 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 activities statements tend war increase welcome said could confirm reports iran offered halt attacks gulf shipping 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 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 united technologies earn dlrs dlrs share reported earnings cts share included two large writeoffs reuter
co sets quarterly qtly div cts vs cts prior pay june record may eight 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
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
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 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
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
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
consolidated fibres inc st qtr net qtr ended sept shr cts vs cts net vs sales mln vs mln 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
ex arco arc chief sees energy crisis global crude oil reserves lack major new discoveries recent years send world energy crisis former atlantic richfield co chairman robert anderson said going come 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 mln barrels day current excess capacity mln barrels day rapidly 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
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 idea said yen movement past several weeks within range agreed paris said better give 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 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
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
peerless manufacturing sells unit peerless manufacturing co said sold industrial sensors instruments division 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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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 scrutiny end april start may said noting demand usually fell summer 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
bancshares inc rd qtr net shr cts vs cts net vs nine mths shr dlrs vs dlrs net vs 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
hospital corp says received dlr share offer investor group
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
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
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 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
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 mln vs mln technical mln vs mln mln vs mln speciality chemicals mln vs mln electronics mln vs mln reuter
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
corp st half aug net shr cts vs cts net vs sales vs avg shrs vs 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
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 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
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
bank new england corp st qtr shr dlrs vs cts
rooter inc st qtr net shr cts vs cts net vs revs mln vs 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
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
inc st qtr net shr profit cts vs loss three cts net profit vs loss revs vs 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
central illinois public 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
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
qtly dividend shr five cts vs five cts prior qtr pay may record april reuter
remains 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 goods reports pct pct respectively meanwhile eight billion dlr drop money supply announced week 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 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
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
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
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
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
great atlantic pacific tea co said withdrew offer buy inc
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
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
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
merrill lynch says proration factor supermarkets tender pct
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
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
top discount rate u k bill tender rises pct
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
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
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
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
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
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
irwin jacobs says holds less five pct gillette
industries inc st qtr net shr profit six cts vs loss cts net profit vs loss revs vs reuter
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
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
spain cargo firms 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
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
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
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
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
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
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
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
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
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
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
wpp group extending expiration merger proposal jwt group june
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
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 price support programs premiums discounts schedule based quality factors 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
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
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
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
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
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
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
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
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
henley group reviewing investment santa fe southern pacific
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
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
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
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 spokesman said adding chance statement would released today pilots earlier week offered buy airline billion dlrs assume billion dlrs existing debt takeover speculation 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 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 calculating break values well excess dlrs per share traders today described buying ual widespread 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 said 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
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
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 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
becor bcw adjourn delayed holders meeting becor western inc said business shareholders meeting scheduled tomorrow meeting adjourned definitive agreement transaction results offers pending company stock becor said date new shareholders meeting established 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
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
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
rubbermaid inc st qtr net shr cts vs cts net mln vs mln sales mln vs mln reuter
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
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
general instrument corp st qtr may shr cts vs eight cts net mln vs mln revs mln vs mln backlog mln vs mln reuter
petro canada raises crude postings cts canadian bbl sweet crude dlrs canadian bbl
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
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
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
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
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 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 director said expected country trade surplus average mln dlrs remaining three months year 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
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
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
permian raises crude oil postings cts bbl wti dlrs
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
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
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
france balladur says target zone nearer french finance minister edouard balladur said financial community closer 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
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
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
showboat declares stock split showboat inc said board declared two one stock split payable shareholders record may 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 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
shell canada raises crude oil posting canadian cts bbl
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
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
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
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
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
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
brown group inc st qtr may net shr cts vs cts net vs sales mln vs mln avg shrs vs 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
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
marine midland bank cuts prime rate pct pct effective immediately
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
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
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 lost pct value sdr year series designed keep value dollar reuter
usda estimates soviet grain crop mln tonnes vs march year ago
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
still merger talks corp said special committee board continuing talks corp terms offer acquire dlrs per share said arranged preliminary financing 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
kuwait rejects iranian boat charges kuwait target iranian anger backing iraq gulf war today rejected charges fishing vessels seized recently iran boats bases 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 activities said asked tehran free fishing boats held iran statement said reuter
texas american energy corp st qtr shr cts vs cts net vs revs mln vs mln 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
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
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
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
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
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
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
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
inc declares dividend qtly div cts vs cts prior pay june record may 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
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
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
electric inc st qtr feb net shr four cts vs cts net vs sales mln vs 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
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
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
james river corp jr sets regular payout qtrly div cts vs cts prior pay april record april 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
french week bill rate rises pct bank france
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
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
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
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
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
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
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
franklin minnesota sets monthly payout mthly div cts vs cts prior pay april reord april note franklin minnesota insured tax free income fund 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
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
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
mines selling shares mines ltd said sold mines ltd shares group underwriters led wood gundy inc brown baldwin ltd financial terms undisclosed reuter
u trust corp first qtr shr cts vs cts
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
first commerce corp st qtr net shr cts vs cts net vs 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 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
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
animal feed ship fire chinese port cyprus vessel tonnes fire china august cargo cargo hold caught fire october fire put salt water water hold spread cargo water also hold bottom reported complete tank pumped remains dry engine room three metres ship originally tonnes animal feed 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 ciba geigy stated making unsolicited offer contemplated another significant investor representation board spectra physics investment made reuter
makes acquisition rehabilitation corp said acquired pine island sports center fort fla facility rehabilitation center fort construction operation mid summer terms disclosed reuter
holders takeover inc said shareholders approved dlr acquisition systems inc acquisition would cts per share 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
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
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
pentagon says u warships begin gulf tanker south kuwait
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
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 instruments inc 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
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 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 approach used britain towards two tender offers shareholders equal treatment said expected amendments bill also would cover defensive green mail poison proxmire said intended introduce bill later month predicted senate committee would act spring said hopeful congress could pass bill year reuter
james river corp jr sets regular dividend qtly div cts vs cts prior pay april record april 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
european american bancorp rd qtr net net vs nine mths net mln vs mln note company owned consortium european banks 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
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
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 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 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
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
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
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
ford motor co f raises qtly payout qtly div cts vs cts prior pay june one record may one 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
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
valley co st qtr net qtr ended april shr seven cts vs cts net vs revs vs 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 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
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
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
western mining sells stake western mining corp holdings ltd said sold entire holding mln shares gold mining company australian consolidated minerals ltd gave details stockbrokers said sale made eight dlrs share friday number u european australian investors usual brokers company purchased pct early march inc n dlrs share ahead one three bonus issue sold entire pct stake number local companies 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
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
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
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
oil gas co year loss shr loss cts vs loss dlrs net loss vs loss 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 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
e f hutton lbo inc said tender offer pc purolator courier expired
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
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
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
tokyo bundesbank schlesinger sees reason lower interest rates
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
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
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
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
bank new england corp bkne st qtr shr dlrs vs cts net mln vs mln 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
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
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
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 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
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 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
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 fixed prices february spread dlrs barrel crudes 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
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
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
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
loan marketing association st qtr shr cts vs cts net mln vs mln assets billion vs billion 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
conrac corp said entered talks acquisition several parties
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
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
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
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
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
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
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
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
kdi corp kdi st qtr march shr cts vs six cts net mln vs revs mln vs mln reuter
square corp st qtr net shr cts vs cts net vs sales mln vs mln 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
amoco raises crude postings cts today wti dlrs
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
bancorp inc rd qtr net shr cts vs cts net vs nine mths shr cts vs dlrs net vs 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
bank france cuts seven day repurchase rate eight pct pct official
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
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
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
protective life acquisition protective life corp said signed letter intent assume liberty life insurance co group insurance july subject regulatory approvals terms disclosed 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
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
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
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
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
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
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
u k money market deficit revised downward bank england said revised estimate today shortfall mln stg mln taking account mln stg morning assistance 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
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
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
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
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
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
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 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 analysts noted ibm chairman john f relatively assessing company outlook nearly year although worldwide economic situation remains 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
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
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
go round sets stock split go round enterprises inc said board declared three two stock split payable may one holders record april 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
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
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
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
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
federal guarantee corp st qtr net shr cts vs cts net vs revs mln vs mln reuter
american corp st qtr net period ended may shr cts vs cts net vs revs mln vs mln reuter
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 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
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
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 gas pipeline oilfield indonesia plus exploration interests queensland island china 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 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 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 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 tactics recent years general calls action japan open market specific demands moves key areas present instance japan end discriminatory taxation imported wines spirits ensure ec companies chance win contracts building new international airport 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
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
clevite 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 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
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
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
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 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 trading cents higher said reuter
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
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
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 mln vs mln system mln vs mln reuter
raytheon co st qtr net shr dlrs vs dlrs net mln vs mln revs billion vs billion avg shrs mln vs mln 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
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
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 sales mln dlrs annually 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
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
diamond shamrock raises crude oil posted prices cts bbl effective yesterday wti dlrs
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
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
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
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
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
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
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
nat l distillers says agrees sell spirits unit mln dlrs american brands
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
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
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
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
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
co nd qtr shr cts vs cts
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 system 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
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
caterpillar inc cat votes quarterly dividend qtly div cts vs cts prior qtr pay may record april 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
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
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
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
inc year net year ended march shr cts vs dlrs net vs rev mln vs mln 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 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
independent chairman dutch cargo dispute two sides rotterdam port general cargo dispute agreed independent chairman han future meetings employers spokesman 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 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 sector said employers written union asking reconsider position meeting union members called tomorrow 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
ncr corp ncr st qtr net shr cts vs cts net mln vs mln revs billion vs mln avg shrs mln vs mln 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
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
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
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
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
makes acquisitions inc said acquired 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
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
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 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
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
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
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
frost sullivan inc increases payout semi annual div seven cts vs six cts prior pay june one record may one 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
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
gander buys western 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
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
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
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
u attack iran official soviet news agency u attack iranian oil drilling platform gulf monday military said would bring dividends reagan administration said administration order attention scandal united states sold arms iran profits confrontation fact obvious latest military adventure bring political dividends american administration said soviet leader 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
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
opec communique following communique issued conclusion opec conference conference expressed 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 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 group five heads delegation established th extraordinary meeting conference april necessary contacts countries conference 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
ccc interest higher june usda says interest rates commodity loans 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
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
first republic bank dallas cuts prime rate pct pct effective today
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 acquired december operations 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
balladur 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 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
sulpetro ltd st qtr jan loss shr given net loss vs loss revs mln vs mln note previous loss restated 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
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
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
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
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
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
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
sumita welcomes u west german joint confirmation louvre accord
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
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
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
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 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
sciences inc st qtr shr cts vs cts net vs sales mln vs backlog mln vs mln 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
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
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 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
international research st qtr net shr six cts vs three cts net vs revs vs note international research development corp full name company 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
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
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
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 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 live japan pledge guide interest rates lower stimulate economy expect central bank ease credit bank manager said adding prevailing market expectation higher rates remain case three month cd rate stay four pct time said 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 recent peak pct october line declining money market levels citibank said reduction reflected decline 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
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
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
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
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
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
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 points one stage u treasury bonds dropped points reuter
management ltd six mths may net shr cts vs cts net vs revs mln vs mln 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
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
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
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
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
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
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 market conditions company performance factors including discussions brinkmann management 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
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
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
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
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
security pacific expects brazil loan action cut net mln dlrs
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 use exports nil nil nil nil end stocks n n n n n available ec coarse grain mln tonnes start stcks production imports use exports end stocks eastern europe coarse grain mln tonnes start stcks production imports use exports end stocks japan coarse grain mln tonnes start stcks production imports use exports nil nil nil nil end stocks coarse grain mln tonnes start stcks production imports nil nil nil use exports end stocks canada coarse grain mln tonnes start stcks production imports use exports end stocks thailand coarse grains mln tonnes start stcks production imports nil nil nil nil use exports end stocks reuter
international inc sets payout qtly div five cts vs five cts prior pay june two record april 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
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
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
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
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
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 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
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
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
soviet grain target indicates output recent announcements moscow next year grain production targets indicate soviets 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
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
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
coastal raises crude oil postings cts bbl yesterday wti dlrs
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
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
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
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
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
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
treasury baker says floating exchange rate system needs greater stability
sterivet laboratories ltd st qtr net shr profit cts vs loss cts net profit vs loss revs 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
trans national leasing inc year loss shr loss cts vs profit cts net loss vs profit revs vs 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
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 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
german may trade surplus billion marks april surplus billion official
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
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
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
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
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
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
la 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
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
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
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
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
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
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
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
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 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
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
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
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
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
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
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
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
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
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
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
bancorp rd qtr net shr cts vs cts net vs nine mths shr dlrs vs dlrs net mln vs mln 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 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 supreme canadian 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
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
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
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
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
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
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 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
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
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
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
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
multifoods files suit bregman international multifoods corp said filed suit charging bregman partners affiliates 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 multifoods management rejected group multifoods asking bregman group divest shares open market sales manner disrupt market place according suit suit seeks 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
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
atlantic richfield arc unit buys technology atlantic richfield co said acquired exclusive worldwide rights technology texas eastern corp group affiliate undisclosed terms company said technology allow introduce efficient way making liquid used make sheet coatings parts products plastic impact arco said reviewing options technology 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 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
bank france cuts intervention rate pct pct official
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
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
german bankers remarks 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 whether central banks intervened exchange rates fell words monetary policy measures required different 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
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
hovnanian enterprises st qtr may net shr cts vs cts net vs revs mln vs mln avg shrs vs reuter
corp st qtr net shr dlrs vs dlr net vs 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
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
bank france leaves intervention rate unchanged pct official
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
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
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
willis faber says making agreed mln stg bid stewart
marcade group mar plans acquisition marcade group inc said agreed principle acquire prominent privately held maker sports 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
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
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 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
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
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
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
cable wireless merge two h k units new operation
newhall investment properties payout shr cts vs cts prior qtr pay june one record april 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 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
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
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 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
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
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
champion products sets pay date split champion products inc said two one stock split declared february payable april shareholders record april one 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 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
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
software services america inc net shr four cts vs five cts net vs revs vs 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
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
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 called retailing dlrs company also said acquired north country media group video productions company 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
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
defend waters india sri lanka today ordered armed forces defend island territorial waters india prepared send relief supplies 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 objections confrontation latest result long bitter conflict sri lanka majority minority strong cultural links india mln 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
barco directors approve buyout offer senior management
fed sets overnight system repurchases fed says
deposit guaranty corp st qtr net shr dlrs vs dlrs shr diluted dlrs vs dlrs net vs 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 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
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
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
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
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
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
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
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
realty acquisition approved realty investors trust said approved acquisition advisor advisory corp shares said completion expected take place april reuter
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 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
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
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
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
kuwaiti dinar rates firm aid window open interest rates kuwaiti dinar deposits held firm trading despite central bank decision 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 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
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
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 exports ec market u diplomats meeting tokyo announced ec trade deficit japan reached record billion dlrs march billion february 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
greyhound lines agrees acquire remaining routes trailways corp
thomson grand public takes emi division thomson
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
first mercantile currency fund inc st qtr net shr profit cts vs cts net vs revs vs reuter
first interstate expects brazil ecuador loan actions cut net mln dlrs
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
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
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
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 reuter
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
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
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
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 four five billion francs bank said share sale price likely announced april launch public flotation offer april 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
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
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
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
goodyear gt sell stake goodyear said selling pct interest ltd japan partner venture co 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
reagan says room declines interest rates
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
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
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
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
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
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
abbott laboratories inc st qtr net shr cts vs cts net mln vs mln sales billion vs mln reuter
newhall investment sets special payout newhall investment properties said declared special distribution cts per share payable june one unitholders record april reuter
line inc sign st qtr net shr cts vs cts net vs sales mln vs 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
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
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
total research corp fiscal net june end shr ct vs four cts net vs revs vs avg shrs vs reuter
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
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 systems st qtr net period ended september shr cts vs cts net mln vs mln sales mln vs mln 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 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
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
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
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
boeing co acquire argosystems dlrs share
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
national city bancorp st qtr net shr cts vs cts net vs 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
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
entertainment marketing demands crazy eddie shareholder list may pursue merger
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
inc st qtr net sept end shr cts vs cts net vs sales mln vs mln 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
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
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 name company continue direction martin woodhead report henry president simon schuster international group woodhead faulkner founded publishes international banking finance investment books reuter
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
says received acquisition proposals
compaq expects higher first quarter net compaq computer corp said expects sales earnings first quarter higher analysts expectations due strong demand products 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
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 another tax exempt organization chrysler reveal name group received proceeds reuter
yankee unit sell subsidiary yankee cos inc said eskey inc subsidiary decided sell yale e key unit details disclosed reuter
newhall resources qtly distribution shr cts vs cts prior qtr pay june one record april reuter
standard oil says british petroleum share tender extended may
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
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
lomak petroleum inc year loss shr loss cts vs loss cts net loss vs loss revs mln vs mln shrs mln vs mln 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
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
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
balladur urges g respect pledges monetary policy louvre accord
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
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
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 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
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
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
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
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
corp st qtr net shr cts vs cts net mln vs mln revs mln vs mln reuter
park communications inc st qtr net shr cts vs cts net vs revs mln vs mln 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
fed seen adding reserves via system 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 possible federal funds opened pct remained level late morning compared average effective rate pct friday 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 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
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
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
ec u war talks european community ec united states failed settle trade dispute pasta ec commission spokesman said diplomatic sources said dispute could 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
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
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
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
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
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
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
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
bilzerian says pay n pak signs merger accord tender mln shares
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 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
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
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
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
gateway communications inc st qtr net shr cts vs six cts net vs revs vs 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 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
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
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
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
mark work ltd year jan net shr cts vs cts net vs sales 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 days pct pct days days pct pct days days pct pct days days pct pct days days pct pct days 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
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
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 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 mln barrels saudi arabia wants oil price stability may cool market rises much oil industry analyst said 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
new savings bank st qtr net shr cts vs cts net vs note includes five ct shr charge loan loss provision 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
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 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 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
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
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
technology inc st qtr net shr seven cts vs six cts net vs revs mln vs mln avg shrs vs 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
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
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
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
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
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
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 commented economist james toronto securities firm midland ltd statistics canada reported surplus 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 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 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 less optimistic u outlook said could 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
home federal savings bank georgia rd qtr net shr cts vs cts net vs nine mths shr cts vs dlrs net vs 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
corp st qtr sept loss shr loss cts vs loss cts net loss vs loss revs mln vs mln reuter
f w woolworth co says hikes dividend cts share cts
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
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 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
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 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 mill plant conn 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 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
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
buys plant corp said acquired plant ecuador undisclosed terms company said acquisition result sales three mln pounds annually 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
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
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
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
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
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
abbott laboratories st qtr net shr cts vs cts
w brands completes acquisition w brands inc said completed acquisition inc united brands co cash stock transaction worth valued mln dlrs reuter
alliance financial corp rd qtr net shr cts vs cts net vs nine mths shr dlrs vs dlrs net vs 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
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
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 february paris currency accord 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
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
make acquisition industries inc said entered definitive agreement acquire corp maker protective cars undisclosed amount cash debentures retroactive september one reuter
mr inc year feb net shr cts vs cts net vs sales mln vs mln 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 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
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
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
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
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 acquired results include operations acquired december cornerstone mortgage co acquired july mortgage co acquired july center capital corp formed august 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
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
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
pre tax profit mln stg vs mln six months end december
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
gaf corp said management group reconsider acquisition proposal
ladd furniture completes acquisition ladd furniture inc said completed previously announced acquisition privately held colony house furniture inc undisclosed amount cash notes 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
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
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
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
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
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
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
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
heritage financial services st qtr net shr cts vs cts net vs avg shrs vs note company initial public offering shares october 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 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
reichhold chemical 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
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
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
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 consent reagan policies 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
first eastern corp st qtr net shr cts vs cts net vs note share adjusted two one stock split january 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
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
industries inc sets qtly dividend qtly div cts vs cts prior pay may record may one reuter
corp st qtr sept net shr five cts vs seven cts net vs sales vs note backlog three mln dlrs vs june 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
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
gas co raises payout qtly div cts vs cts prior pay july record june 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
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
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
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
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 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 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 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 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
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
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
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
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
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 scrutiny end april start may said noting demand usually fell summer 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
irving bank corp st qtr shr dlrs vs dlrs
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
ncr corp st qtr shr cts vs cts
park communications inc st qtr mar shr cts vs cts net vs revs mln vs mln 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
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
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
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
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
charter power systems inc st qtr shr cts vs cts net vs revs mln vs mln avg shrs mln vs mln 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 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
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
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
arco raises crude oil prices cts barrel today wti
ltd st qtr may loss shr loss cts vs loss cts net loss vs loss revs mln vs mln 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 paper products used foreign tobacco industry glatfelter said expects close deal may reuter
usda estimates ussr grain imports mln tonnes vs march year ago
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
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
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
banc one one makes indiana acquisition banc one corp said completed acquisition first national bank ind assets mln dlrs reuter
oil gas ltd st qtr net shr three cts vs three cts net vs revs vs avg shrs 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
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
set merger holdings ltd said signed letter intent merger sports inc transaction calls mln common stock issued shareholders reuter
sec charges campeau allied stores disclosure violations recent takeover
iran foreign minister tells gulf situation iranian foreign minister ali two day official visit informed foreign ministry officials monday situation gulf diplomatic sources said said envoy trip followed tuesday visit could linked possible non movement seven year old iran iraq war ruled prominent role could reached comment u attack abandoned iranian oil rig monday tehran 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
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
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
oil gas ltd st qtr net shr two cts vs seven cts net vs revs vs 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
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
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 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
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
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 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 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
faber open offers morgan grenfell stake willis faber plc l chairman chief executive david 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
viacom says federal court rejects request block planned merger
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 sec staff would best interest reuter
wells fargo co wfc raises quarterly div qtly div cts vs cts pay jan record dec reuter
interfirst corp st qtr loss cts vs profit three cts
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
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 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
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
bastian technologies says five pct cosmo communications may seek control
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
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
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
raytheon co st qtr shr dlrs vs dlrs
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 year end march shr cts vs nil net vs revs mln vs reuter
argentine grain weather report argentine grain temperatures rain mm hours gmt santa santa fe reuter
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
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
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
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
products inc st qtr net shr cts vs cts net vs sales mln vs mln 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
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
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
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
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
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 three p local gmt treasury reuter
marathon raised crude posted prices cts barrel effective october
fleet financial group st qtr shr cts vs cts
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
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 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 congress leave door open imports trading partners open doors wider told group included representatives australia canada japan new zealand european community reuter
media general says giant group affiliates pct class common stock
ps group inc qtly dividend shr cts vs cts prior qtr pay may record april 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
marine corp rd qtr net shr cts vs cts net vs nine mths shr cts vs cts net vs 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
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
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 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
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
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
zayre corp raises quarterly qtly div cts vs eight cts prior pay june four record may 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
amoskeag bank shares inc st qtr net shr cts vs cts net vs note net includes pretax securities sales gains dlrs vs dlrs reuter
federal savings bank rd qtr shr cts net mln vs nine mths shr cts net vs note company converted stock ownership july 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
glynwed buys gallaher units around mln stg glynwed international plc l said bought issued shares two companies 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
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
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
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
sainsbury says taking control shaw supermarkets dlrs share
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
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
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 resigned foster spokesman said know names president 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 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
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
corby distilleries ltd buy heublein distillers mln canadian dlrs
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
gander mountain buys western firm gander mountain inc said acquired privately held western cheyenne retailer catalog western apparel terms disclosed western sales mln dlrs year ended jan company said gander mountain sells brand name fishing outdoor gear 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
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 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
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
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
balladur 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 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
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
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
group said influential trade talks australian minister trade negotiations michael said country third world commodity producers formed effective 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
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
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
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
first union corp first qtr shr cts vs cts
home savings bank 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
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
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 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 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
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 nation mfn status romania 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 reagan country made progress human rights controversy continuation mfn hungary china 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
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
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
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
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
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
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
hall co inc st qtr feb net shr cts vs cts net vs revs mln vs mln avg shrs vs 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
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
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
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
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
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