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CITYFED FINANCIAL CORP SAYS IT CUT QTRLY DIVIDEND TO ONE CENT FROM 10 CTS/SHR
| |
HUGE OIL PLATFORMS DOT GULF LIKE BEACONS | Huge oil platforms dot the Gulf like
beacons -- usually lit up like Christmas trees at night.
One of them, sitting astride the Rostam offshore oilfield,
was all but blown out of the water by U.S. Warships on Monday.
The Iranian platform, an unsightly mass of steel and
concrete, was a three-tier structure rising... |
CCR VIDEO SAYST RECEIVED OFFER TO NEGOTIATE A TAKEOVER BY INTERCEP INVESTMENT CORP
| |
GM <GM> CANADA UNIT MAJOR OFFER ACCEPTED BY UNION | The Canadian Auto Workers' Union said it
accepted an economic offer from the Canadian division of
General Motors Corp <GM> in contract negotiations.
But union president Bob White said many local issues at the
11 plants in Ontario and Quebec still remained unresolved ahead
of Thursday's deadline for a strike by 40,0... |
CANADA DEVELOPMENT UNIT <CDC.TO> REFINANCES | Canada Development Corp said its
<Polysar Ltd> unit completed a refinancing package worth about
830 mln Canadian dlrs.
The company said the financing, which involves 24 banks
and four syndicated loans, consists of a 380 mln Canadian dlr
revolver, a 200 mln Canadian dlr European medium term loan, a
149 mln Canadian... |
DIPLOMATS CALL U.S. ATTACK ON OIL RIG RESTRAINED | A U.S. attack on an Iranian oil platform
in the Gulf on Monday appeared to be a tit-for-tat raid
carefully orchestrated not to be too provocative or upset Arab
allies, Western diplomats in the region said.
U.S. Defence Secretary Caspar Weinberger said Monday that
U.S. Warships destroyed the oil platform in the sout... |
BROWN DISC TO BUY RHONE-POULENC <RHON.PA> UNIT | Brown Disc Products Co
Inc, a unit fo Genevar Enterprises Inc, said it has purchased
the ongoing business, trademarks and certain assets of
Rhone-Poulenc's Brown Disc Manufacturing unit, for undisclosed
terms.
Rhone-Poulenc is a French-based chemical company.
Under the agreement, Rhone-Poulenc will supply magne... |
DOW SINKS TO LOWEST LEVEL OF THE YEAR, DOWN 370 POINTS TO 1876
| |
LANE TELECOMMUNICATIONS PRESIDENT RESIGNS | Lane Telecommunications Inc <LNTL.O> said
Richard Lane, its president and chief operating officer,
resigned effective Oct 23.
Lane founded the company in 1976 and has been its president
since its inception, the company said.
He said he resigned to pursue other business interests.
Kirk Weaver, chairman and c... |
PERKIN-ELMER <PKN> WINS EPA CONTRACT | Perkin-Elmer Corp said it won a
contract to provide laboratory information management systems
to the Enviromental Protection Agency's 10 regional
laboratories.
The value and the exact duration of the contract was not
disclosed.
The company said the contract will include hardware,
software, installation, support... |
WHIRLPOOL CORP <WHR> REG QTLY DIV | Qtly div 27-1/2 cts vs 27-1/2 cts prior
Pay December 31
Record December Four
Reuter
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CONSOLIDATED FREIGHTWAYS INC <CNF> 3RD QTR NET | Shr 43 cts vs 63 cts
Net 16,362,000 vs 24,325,000
Revs 589.3 mln vs 549.1 mln
Nine Mths
Shr 1.40 dlrs vs 1.73 dlrs
Net 54,011,000 66,591,000
Revs 1.68 1.58 billion
Reuter
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LATEST ATTACK SEEN POINTING UP DILEMMAS FOR US | Military experts say the United States
faces a dilemma in the Gulf following U.S. destruction of an
Iranian oil platform in retaliation for an attack on a
U.S.-flagged tanker.
The experts told Reuters Tehran holds the initiative and is
likely to control the tempo and direction of the conflict as
long as America sim... |
ROCHESTER TELEPHONE CORP <RTC> 3RD QTR NET | Shr 96 cts vs 87 cts
Net 10.8 mln vs 9,671,000
Revs 103.9 mln vs 97.5 mln
Nine mths
Shr 2.73 dlrs vs 2.62 dlrs
Net 30.7 mln vs 29.3 mln
Revs 325.7 mln vs 302.8 mln
Reuter
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NATIONAL CITY <NCTY.O> UNIT BEGINS NEW SERVICE | National City Corp's National City Bank
unit said it has begun a personal computer-based financial
management service for small businesses.
The service, the InTouch Financial Manager, is based on a
personal computer system develoed by <Harbinger Comput
Services> of Atlanta, and is licensed in Ohio by <Money Station... |
SOUTH CAROLINA NATIONAL CORP <SCNC.O> 3RD QTR | Shr 64 cts vs 55 cts
Net 14.0 mln vs 11.8 mln
Nine mths
Shr 1.83 dlrs vs 1.53 dlrs
Net 39.7 mln vs 32.7 mln
Assets 4.65 billion vs 4.53 billion
Loans 3.24 billion vs 2.92 billion
Deposits 3.32 billion vs 3.15 billion
Reuter
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MARINE CORP <MCOR.O> 3RD QTR NET | Shr 30 cts vs 30 cts
Net 1,804,000 vs 1,800,000
Nine mths
Shr 89 cts vs 79 cts
Net 5,334,00 vs 4,496,000
NOTE: Earnings per share reflect initial public offering of
534,750 common shares in March 1986 and 2-for-1 stock splits in
January and June 1986.
Reuter
|
STATOIL AWARDS VESLEFRIKK OIL FIELD CONTRACTS | Norwegian state oil company Den Norske
Stats Oljeselskap (Statoil) signed contracts worth a total of
1.5 billion Norwegian crowns in connection with the development
of the Veslefrikk oil field, Statoil said.
Moss Rosenberg Verft of Stavanger has been awarded a
contract to convert the the drilling platform West Visi... |
U.K. TREASURY CONFIRMS BP SALE TO GO AHEAD | The British Treasury confirmed that the
sale of British Petroleum Co Plc will go ahead as planned,
despite Monday's stock market crash which forced BP below the
330p a share set for the 7.2 billion stg issue.
"The government are not considering terminating the BP
offer. The offer has been fully underwritten," a Tre... |
EGYPT TO BUILD HOUSING ESTATES AND ROADS FOR UGANDA | Egypt has agreed to build two housing
estates and two new roads in Uganda worth a total of 295
million dollars, Egyptian commercial attache Muhammud el Tahan
said.
He said Egyptian companies will build 8,000 housing units
in Kampala and reconstruct the roads between Fort Portal and
Bundibugyo near the Zaire border ... |
UNION ACCEPTS GM CANADA'S ECONOMIC OFFER - MANY LOCAL ISSUES UNRESOLVED
| |
HARMAN INTERNATIONAL <HIII.O> 1ST QTR SEPT 30 | Shr 30 cts vs 26 cts
Net 2,534,000 vs 1,695,000
Revs 98.8 mln vs 67.1 mln
Avg shrs 8,447,000 vs 6,563,000
NOTE: full name of company is harman international
industries inc.
Reuter
|
GERMAN BANKER CALLS FOR SPECIAL MONETARY MEETING | Finance ministers from major industrial
nations should hold a special meeting to deal with the U.S.
Dollar's sharp decline, Helmut Geiger, president of the West
German savings bank association, said.
Geiger told Reuters: "Finance ministers should meet soon to
take confidence-building measures to limit the damage ca... |
FIRST BOSTON <FBC> STRATEGIC REVIEW IS UNDERWAY | First Boston Inc said it is conducting a
strategic review of its operations as part of a general policy
to periodically evaluate its business plans.
The company said it is too early to predict the outcome of
the review, although it does not expect radical changes in its
organization.
Salomon Inc <SB> last week ... |
NYSE TRADES MORE THAN 500 MLN SHARES IN RECORD VOLUME
| |
FEDERAL SIGNAL CORP <FSS> REG QTLY DIV | Qtly div 20 cts vs 20 cts prior
Pay January Seven
Record December 17
Reuter
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ENTERTAINMENT MARKETING <EM> HEAD TO BUY SHARES | Elias Zinn, chairman and chief executive
of Entertainment Marketing Inc, said he planned to personally
purchase up to 500,000 shares of Entertaiment Marketing common
stock from time to time in the open market.
Zinn said his purchases would be subject to availability
and acceptable price levels.
Reuter
|
THE BANKING CENTER <TBCX.O> 3RD QTR NET | Shr 25 cts
Net 3,081,000 vs 2,063,000
Nine months
Shr 86 cts
Net 10.5 mln vs 6,966,000
Assets 1.43 billion vs 1.30 billion
Deposits 912.5 mln vs 875.8 mln
NOTE: Company converted to a stock savings bank on Aug 13,
1986.
1986 results include operations of Realtech Realtors, which
was acqu... |
ROTO-ROOTER <ROTO.O> SEES IMPROVED 4TH QTR NET | Roto-Rooter Inc said it expects
fourth quarter profits to exceed the 22 cts a share reported
for the final quarter of 1986 and the 23 cts earned in 1987's
third quarter.
It reported the third quarter profit was up pct from the
20 cts a share earned during the quarter in 1986. Nine month
profits were up 23 pct to 6... |
CALMAT <CZM> SUES INDUSTRIAL EQUITY | CalMat Co said it filed suit in Los
Angeles Superior Court against Industrial Equity (Pacific) Ltd,
against certain of its affiliates and against Ronald Langley,
president of Industrial Equity's North American operations.
The company said its sut charges that Langley
missapropriated material non-public information ... |
REAGAN CALLS FOR VIGILANCE ON CERTAIN EXPORTS | President Reagan said the Commerce
Department should be vigilant in preventing the flow of
strategic technology from reaching the the Soviet Union and
other communist countries.
He was speaking at the swearing in of C. William Verity as
Secretary of the Commerce Department.
Verity said the U.S. should make cert... |
WATTS INDUSTRIES INC <WATTA.O> 1ST QTR SEPT 27 | Shr 36 cts vs 27 cts
Net 4,538,000 vs 3,160,000
Sales 41.8 mln vs 32.8 mln
Avg shrs 12.6 mln vs 11.9 mln
Reuter
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WHIRLPOOL <WHR> NAMES NEW CHAIRMAN | Whirlpool Corp said it named
David Whitwam to the additional position of chairman, effective
December One, replacing Jack Sparks, who retires November 30.
It said Whitwam was elected president and chief executive
officer effective July One.
Sparks will continue to serve on Whirlpool's board of
directors as chai... |
MONITERM CORP <MTRM.O> 3RD QTR OPER NET | Oper shr profit 13 cts vs nil
Oper net profit 612,806 vs profit 2,363
Sales 8,317,933 vs 2,823,243
Nine mths
Oper shr profit 32 cts vs loss four cts
Oper net profit 1,464,338 vs loss 161,315
Sales 20.3 mln vs 8,241,463
NOTE: 1987 earnings exclude gains from utilization of tax
loss carryforwa... |
SEEQ <SEEQD.O>, NATIONAL SEMI <NSM> IN ACCORD | Seeq Technology Corp and
National Semiconductor Corp said they signed a four-year
exclusive technology licensing and manufacturing agreement.
The agreement allows the two companies to share technology
and marketing rights to Seeq's 512-kilobit and one-megabit
semiconductors and for National Semiconductor's 256-Kb F... |
ERIE LACKAWANNA INC <ERIE.O> 3RD QTR NET | Shr 1.32 dlrs vs 1.59 dlrs
Net 1,217,649 vs 1,471,824
Total income 1,896,018 vs 2,278,642
Nine mths
Shr 4.92 dlrs vs 5.38 dlrs
Net 4,553,380 vs 4,979,626
Total income 6,918,266 vs 8,134,313
Reuter
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QUANTUM CORP <QNTM.O> 2ND QTR SEPT 27 NET | Shr 44 cts vs 30 cts
Net 4,057,000 vs 2,716,000
Sales 49.5 mln vs 29.6 mln
Six Mths
Shr six cts vs 55 cts
Net 518,000 vs 5,167,000
Sales 89.7 mln vs 54.9 mln
Reuter
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TERMIFLEX CORP <TFLX.O> 1ST QTR SEPT 30 NET | Shr five cts vs seven cts
Net 64,652 vs 96,157
Sales 1,205,321 vs 1,499,591
NOTE: Backlog three mln dlrs vs 2,600,000 as of June 30,
1987.
Reuter
|
DURAKON <DRKN.O> TO MAKE ACQUISITION | Durakon Industries Inc said it has
entered into a definitive agreement to acquire DFM Corp, a
maker of bug and gravel protective shields for trucks and cars,
for an undisclosed amount of cash and debentures, retroactive
to September One.
Reuter
|
ATLANTIS <AGH> MAY BID FOR CHARTER-CRELLIN<CRTR.O> | Atlantis Group Inc said it bought
100,000 shares of Charter-Crellin Inc common stock, or 6.3 pct
of the total outstanding, and may seek control in a negotiated
transaction.
In a filing with the Securities and Exchange Commission,
Atlantis said it has informally discussed a business
combination with Charter-Crellin ... |
ALLWASTE <ALWS.O> TO MAKE ACQUISITION | Allwaste Inc said it has agreed in
principle to acquire a privately-held firm that performs
interior cleaning services for tank-trailers for 1,300,000
common shares.
It said the firm, which it did not name, earned about
1,500,000 dlrs pretax for the first nine mons of 1987.
The company said closing is expected ... |
TRAVELERS REAL ESTATE <TRAT.O> 3RD QTR NET | Shr 18 cts vs 27 cts
Net 444,387 vs 676,593
Revs 549,437 vs 764,901
Nine mths
Shr 67 cts vs 81 cts
Net 1,690,670 vs 2,031,937
Revs 1,986,938 vs 2,302,278
NOTE: Full name is Travelers Real Estate Investment Trust
Reuter
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SAFEGUARD <SFGD.O> TO BUY BACK MORE SHARES | Safeguard Health Enterprises Inc
said its board authorized management to step up its stock
repurchase program by doubling the repurchase ceiling to 1.6
mln shares.
The company also said it has already purchased 691,000
shares through September 30 under the previous authorization to
buy 800,000 shares, or 10 pct of ... |
NEW YORK TIMES CO <NYT> 3RD QTR NET | Shr 40 cts vs 33 cts
Net 32.6 mln vs 26.7 mln
Revs 406.5 mln vs 370.1 mln
Nine months
Shr 1.44 dlrs vs 1.20 dls
Net 117.8 mln vs 97.5 mln
Revs 1.2 billion vs 1.1 billion
Reuter
|
SAFEGUARD HEALTH <SFGD.O> 3RD QTR NET | Shr 11 cts vs five cts
Net 806,000 vs 384,000
Revs 18.0 mln vs 15.6 mln
Nine Mths
Shr 28 cts vs 17 cts
Net 2,105,000 vs 1,320,000
Revs 51.9 mln vs 46.1 mln
Note: Full name Safeguard Health Enterprises Inc.
Reuter
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HENLEY <HENG.O> ENDS TALKS WITH SANTE FE | Henley Group Inc said it ended
talks with Sante Fe Southern Pacific Corp concerning the
possible acquisition of Sante Fe's Southern Pacific
Transportation Co subsidiary.
The company also said it is reviewing its investment in
Santa Fe Southern Pacific in light of Sante Fe's announcement
that it recieved several bid... |
MERCURY SAVINGS AND LOAN <MSL> 3RD QTR LOSS | Shr loss 39 cts vs profit 44 cts
Net loss 2,169,000 vs profit 2,417,000
Nine Mths
Shr profit 56 cts vs profit 1.68 dlrs
Net profit 3,111,000 vs profit 9,317,000
Note: Full name Mercury Savings and Loan Association
'
Reuter
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CARMIKE <CMIKA.O> OPENS SIX-SCREEN THEATER | Carmike Cinemas Inc said it has
opened a six-screen theter called Carmike Six in Milledgeville,
Ga.
Reuter
|
BURNHAM SERVICE CORP <BSCO.O> 3RD QTR NET | Shr 45 cts vs 36 cts
Net 2,554,000 vs 1,954,000
Revs 44.4 mln vs 32.5 mln
Nine mths
Shr 1.00 dlrs vs 75 cts
Net 5,461,000 vs 3,756,000
Revs 109.5 mln vs 89.9 mln
Reuter
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TEXAS AMERICAN BANCSHARES <TXA> TO SELL UNIT | Texas American Bancshares Inc
said it agreed to sell its Texas American Bank/Levelland unit
to <First American Bancorp Inc> for about 12 mln dlrs in cash.
Texas American said regulatory approval ofthe transaction
is expected in December, and the sale will close shortly
thereafter.
Once the sale is completed, th... |
SUPERMARKETS GENERAL <SGL> SELLS 11 DRUG STORES | Supermarkets General Corp said it
agreed to sell 11 super drug stores to <F and M Distributors>.
The nine existing and two unopened stores are located in
Maryland, Virginia and upstate New York and are operated under
the Pathmark Super Drug trade name, the company said.
Terms of the transaction were not disclos... |
TRAVELERS REAL ESTATE <TRAT.O> PAYOUT CUT | Travelers Real Estate Investment Trust
Qtly div 17 cts vs 23 cts in prior qtr
Payable November 25
Record October 30
It said the lower dividend reflects the reduction in cash
flow from a mortgage secured by a motel in Covington, La.
The trust said an appraisal is being made of the Covington
property ... |
ERC INTERNATIONAL INC <ERC> 3RD QTR NET | Shr 31 cts vs nine cts
Net 1,345,000 vs 368,000
Revs 31.9 mln vs 26.4 mln
Nine mths
Shr 91 cts vs 40 cts
Net 3,890,000 vs 3,556,000
Revs 89.3 mln vs 71.7 mln
NOTE: 1986 qtr and nine mths include loss 831,000 dlrs, or
19 cts per share, and loss 1,872,000 dlrs, or 44 cts per share,
respectivel... |
KING WORLD <KWP> SAYS SHOW EXTENDED | King World Productions Inc said its
syndicated television series "The Oprah Winfrey Show" has been
extended through the 1989-90 broadcast season.
It said six of the top 10 markets have renewed the series
through the end of the decade.
Reuter
|
PAINEWEBBER GROUP INC <PWG> 3RD QTR NET | Shr 44 cts vs 71 cts
Net 14.8 mln vs 21.1 mln
Revs 628.6 mln vs 605.6 mln
Avg shrs 30,743,000 vs 26,969,000
Nine mths
Shr 2.01 dlrs vs 1.93 dlrs
Net 65.0 mln vs 57.4 mln
Revs 1.89 billion vs 1.81 billion
Avg shrs 30,782,000 vs 26,619,000
Reuter
|
CANADA JUNE BUDGET DEFICIT 2.66 BILLION DLRS VS YEAR AGO 2.80 BILLION DLRS - OFFICIAL
| |
COUNTRYWIDE <CCR> SEES 3RD QTR NET OF 20 CTS | Countrywide Credit Industries Inc said
it expects fiscal third quarter earnings of 20 or 21 cents per
fully diluted share, based on 18 mln shares outstanding.
The company posted net income of 31 cents per fully diluted
share in the previous third quarter ended November 30 last
year, based on 12 mln shares outstandi... |
ATLANTIS GROUP TELLS SEC IT SEEKS NEGOTIATED PURCHASE OF CHARTER-CRELLIN
| |
DYNASCAN <DYNA.O> COMPLETES MANAGEMENT BUYOUT | Dynascan Corp said it completed the sale
of its industrial electronic products group and expects to
recognize about a 3.0 mln dlr pretax gain on the transaction in
the fourth quarter.
It said the group was sold October 15 for 13.5 mln dlrs to
Maxtec International Corp, a privately held company created by
the compa... |
HENLEY GROUP REVIEWING INVESTMENT IN SANTA FE SOUTHERN PACIFIC
| |
PALL CORP <PLL> SETS QUARTERLY | Qtly div 8-1/2 cts vs 8-1/2 cts prior
Pay Nov 13
Record Oct 30
Reuter
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HENLEY GROUP SAID IT ENDED TALKS ON BUYING SOUTHERN PACIFIC FROM SANTA FE SOUTHERN
| |
PAINEWEBBER GROUP INC 3RD QTR SHARE 44 CTS VS 71 CTS
| |
RENTA INMOBILIARIA SEEKS CANNON GROUP <CAN> ASSETS | Spanish property firm <Renta Inmobiliaria
SA> is negotiating to buy the property assets of U.S. media
company Cannon Group Inc <CAN>, Renta's finance director Jose
Luis Sanchez said.
Sanchez told Reuters that Renta's chairman Juan Antonio
Robles was currently in the U.S. to negotiate the deal but
declined to give o... |
STOP AND SHOP <SHP> TO REPURCHASE SHARES | Stop and Shop Cos Inc said its board has
authorized the repurchase of up to five pct of its common
shares from time to time at prevailing market prices.
Reuter
|
SOUTHLAND <SLC> UNIT RAISES CRUDE OIL PRICES | Citgo Petroleum Corp, a subsidiary of
Southland Corp, said it raised the contract price it will pay
for all grades of crude oil by 50 cts a barrel, effective Oct
16
The increase brings Citgo's postings for the West Texas
Intermediate and West Texas Sour grades to 19.00 dlrs/barrel,
while Light Louisiana SWeet is no... |
NEW YORK TIMES CO 3RD QTR SHR 40 CTS VS 33 CTS
| |
<THERMASCAN INC> RECEIVES FDA APPROVAL ON DRUG | Thermascan Inc said the U.S. Food and
Drug Administration has approved clinical trials of a new,
advanced AIDS confirmation test developed by the company.
Thermascan said that about 10,000 trials will be taken on
the the new test, called Fluorognost in the next three months
through blood banks, hospitals and health... |
GOTTSCHALKS <GOT> TO BUY BACK STOCK | Gottschalks Inc said its board
authorized management to purchase up to 300,000 of the
company's outstanding shares, or about 3.5 pct of the stock
outstanding, because the company believes its shares are
currently undervalued.
It said the purchases will be made from time to time on the
open market.
Reuter
|
GROUP SELLS MOST OF STAKE IN CCX INC <CCX> | A shareholder group including Far
Hills, N.J. attorney Natalie Koether said it reduced its stake
in CCX Inc common stock to 10,000 shares, or less than one pct
of the company's common stock outstanding, from a previous
stake of about ten pct.
In a filing with the Securities and Exchange Commission,
the group said i... |
LEISURE AND TECHNOLOGY <LVX> SELLS NOTES | Leisure and Technology In is raising
40 mln dlrs through an offering of notes due 1999, said sole
manager Merrill Lynch Capital Markets.
The notes have a 15-3/4 pct coupon and were priced at par.
Non-callable for three years and non-refundable for five
years, the issue is rated B-2 by Moody's Investors Service ... |
ORION <OC> HAS 5.2 PCT TWIN DISC <TDI> STAKE | Orion Capital Corp said it acquired
163,000 shares of Twin Disc Inc common stock, or 5.2 pct of the
company's common stock outstanding.
In a filing with the Securities and Exchange Commission,
Orion Capital said the stock represents "a favorable investment
opportunity at current market prices."
In open market t... |
MOBIL <MOB> RAISES PLASTIC GROCERY BAG CAPACITY | Mobil Corp's Mobile Chemical Co said it
is expanding its plastic grocery sack production by 20 pct with
two new manufacturing lines at its Temple, Texas, plant.
Mobil said the new lines will begin operation next year.
A spokesman said no information on cost or capacity of the
equipment is available.
Reuter
|
QUANTUM <QNTM.O> SETTLES SUIT WITH NEC | Quantum Corp said it agreed to
settle a suit which charged NEC Corp and its NEC Information
Systems Inc subsidiary with infringing on a Quantum patent for
a disk drive architecture.
The company said the settlement agreement calls for NEC and
NEC Information to pay a total of 2,975,000 dlrs.
It said the arrangem... |
VENEZUELA SEES OIL STABILITY DESPITE GULF ATTACK | Venezuelan Energy Minister Arturo
Hernandez Grisanti said he foresaw market stability in the
price of crude, despite growing tension in the Gulf augmented
by the U.S. military attack on an Iranian oil platform.
He told a news conference the market continues to be stable
despite all the military action in the Gulf.
... |
<EUROPEAN AMERICAN BANCORP> 3RD QTR NET | Net 13,185,000 vs 6,715,000
Nine mths
Net 26.2 mln vs 15.3 mln
NOTE: Company is owned by a consortium of European banks.
Reuter
|
NORTHEAST SAVINGS <NSB> ADOPTS RIGHTS PLAN | Northeast Savings F.A. said its
board adopted a shareholder rights plan designed to protect the
company from coercive takeover tactics and bids not fair to all
sharholders.
Under the plan, the board declared a dividend of one share
purchase right for each of the Northeast common shares held of
record as of November... |
U.S. OIL <USOC.O> HAS NEW MANAGEMENT | United States Oil Co said Dr. V. di
Guevara Suardo Fabbri was appointed president and chief
exeuctive, effective October 31, replacing William Rueckert,
who will resign on that date.
Rueckert told Reuters he resigned to puruse other business
activities.
Last November, Fabbri bought a controlling interest in the... |
U.S. DRAFTS SANCTIONS IN ARGENTINA SOY CASE | The U.S. is drafting options including
possible trade retaliation against Argentina in a dispute over
the differential between soybean and product taxes which
Buenos Aires levies on exports.
The drafting of retaliation options follows the failure
of high-level talks earlier this month to resolve a case filed
by th... |
KAUFEL GROUP LTD (KFL.TO) 4TH QTR AUG 31 NET | Shr 17 cts vs 13 cts
Net 2.1 mln vs 1.03 mln
Revs 15.6 mln vs 12 mln
Nine mths
Shr 58 cts vs 37 cts
Net 6.9 mln vs 3.7 mln
Revs 56.2 mln vs 27.5 mln
Avg shrs 11.9 mln vs 10.0 mln
Reuter
|
REXON <REXN.O> TO BUY BACK STOCK | Rexon Inc said its board
authorized management to buy back up to 15 mln dlrs worth of
the company's common shares because the company believes that
the stock is an attractive investment at this time.
The stock would be used to offset the potentially dilutive
effects of options exercises and of other shares which mi... |
MAGNA GROUP INC <MAGI.O> SETS PAYOUT | Qtly div 17 cts vs 17 cts prior
Pay Dec 10
Record Nov 15
Reuter
|
WEIS MARKETS INC <WMK> SETS PAYOUT | Qtly div 11 cts vs 11 cts prior
Pay Jan Six
Record Dec 16
Reuter
|
EASTERN UTILITIES ASSOCIATES <EUA> SETS PAYOUT | Qtly div 57-1/2 cts vs 57-1/2 cts prior
Pay Nov 15
Record Oct 30
Reuter
|
ZURN INDUSTRIES INC <ZRN> SETS QUARTERLY | Qtly div 17 cts vs 17 cts prior
Pay Jan 15
Record Dec 11
Reuter
|
VWR CORP <VWRX.O> SETS QUARTERLY | Qtly div 20 cts vs 20 cts prior
Pay Dec Four
Record Nov 16
Reuter
|
COASTAL <CGP> TO BUY BACK UP TO ONE MLN SHARES | Coastal Corp said it authorized the
purchase of up to one mln shares of the company's common stock.
Coastal said the purchases were authorized because it
believes the current market price of the stock is substantially
less than the underlying value of the shares.
Coastal has 46.4 mln shares of common stock outs... |
SMITHKLINE <SKB> OPENS PLANT IN CHINA | SmithKline Beckman Corp said it
opened an 8.5 mln dlr pharmaceutical manufacturing plant in
Tianjin, China.
The plant will make pharmaceutical products for the joint
venture company, Tianjin Smith Kline and French Laboratories.
SmithKline said the joint venture combines Smith Kline and
French Laboratories, the ... |
U.S. EXPORT INSPECTIONS, IN THOUS BUSHELS, SOYBEANS 16,333 WHEAT 30,917 CORN 36,781
| |
TRAVELERS REALTY INCOME <TRIIS.O> PAYOUT CUT | Qtly div 24 cts vs 28 cts in prior qtr
Payable November 25
Record Oct 30
NOTE: Full name is Travelers Realty Income Investors. It
said the lower dividend reflects the reduction in cash flow
from a mortgage secured by a motel in Slicell, La.
Reuter
|
CCR VIDEO <CCCR.O> IN TALKS ON BEING ACQUIRED | CCR Video Corp said it has received
an offer to enter into negotiations for <Intercep Investment
Corp> to acquire a controlling interest through a tender offer.
The company said "The negotiations would determine the
terms under which the CCR board of directors could support the
INTERCEP tender offer."
It gave n... |
EARLE M. JORGENSEN CO <JOR> QTLY DIVIDEND | Shr 25 cts vs 25 cts prior qtr
Pay November 13
Record October 30
Reuter
|
FIRST BOSTON INC <FBC> 3RD QTR NET | Shr primary 1.15 dlrs vs 76 cts
Shr fully diluted 1.15 dlrs vs 76 cts
Net 40.8 mln vs 27.1 mln
Revs 369.6 mln vs 263.2 mln
Nine mths
Shr primary 2.95 dlrs vs 3.44 dlrs
Shr fully diluted 2.95 dlrs vs 3.33 dlrs
Net 103.8 mln vs 119.0 mln
Revs 1.06 billion vs 897.8 mln
Reuter
|
ITALY SHOWS SEPTEMBER OVERALL PAYMENTS SURPLUS | Italy's overall balance of payments showed a
919 billion lire surplus in September against a deficit of
1,026 billion in August, provisional Bank of Italy figures
showed.
The September surplus compared with a shortfall of 1,697
billion lire in September 1986. For the first nine months of
1987, the overall balance o... |
WILLIS FABER NOT SELLING MORGAN GRENFELL STAKE | <Willis Faber Plc> said its 20.8 pct
holding in stockbrokers Morgan Grenfell Group Plc <MGFL.L> was
not up for sale.
The insurance broker issued a statement in reply to recent
press speculation which it said was in part "inaccurate and
undesirable."
"Willis Faber has not received any offers for its stake in
Mor... |
DOW JONES INDUSTRIAL AVERAGE DOWN MORE THAN 13.2 PCT, EXCEEDS PERCENTAGE DROP IN 1929
| |
UK SEEKS WINDING UP OF JAMES TENNANT COMMODITIES | The U.K. Government said it would seek the
compulsory winding up of James Tennant Commodities Ltd on
grounds of public interest and that details would be heard in
the High Court on November 18.
A Department of Trade and Industry spokesman said that
James Tennant was relatively small and that its activities had
conc... |
TRAVELERS REALTY INCOME <TRIIS.O> 3RD QTR NET | Shr 22 cts vs 57 cts
Net 504,808 vs 1,281,781
Revs 633,119 vs 1,396,703
Nine mths
Shr 87 cts vs 1.32 dlrs
Net 1,959,385 vs 2,986,379
Revs 2,342,322 vs 3,346,555
NOTE: Full name of trust is Travelers Realty Income
Investors
Reuter
|
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