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Shr 30 cts vs 12 cts
Net 3,059,000 vs 1,258,000
Revs 36.2 mln vs 29.1 mln
Nine mths
Shr 67 cts vs 24 cts
Net 6,855,000 vs 2,442,000
Revs 100.9 mln vs 77.8 mln
Reuter
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Shr 35 cts vs 30 cts
Net 3,997,000 vs 3,442,000
Nine mths
Shr 1.04 dlrs vs not given
Net 12.0 mln vs 8,161,000
NOTE: Company went public in July 1986.
Net includes loan loss provisions of 500,000 dlrs vs
105,000 dlrs in quarter and 1,100,000 dlrs vs 105,000 dlrs in
nine mths.
Net includes pretax gains on sale of assets of 162,000 dlrs
vs 400,000 dlrs in quarter and 877,000 dlrs vs 1,229,000 dlrs
in nine mths.
Reuter
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Shr diluted 31 cts vs 60 cts
Net 3,276,776 vs 6,846,367
Revs 187.7 mln vs 181.3 mln
Nine mths
Shr diluted 52 cts vs 1.51 dlrs
Net 5,301,876 vs 16.4 mln
Revs 535.7 mln vs 513.0 mln
Reuter
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Shr 3.71 dlrs vs 95 cts
Net 233.8 mln vs 62.8 mln
Revs 997.8 mln vs 938.0 mln
Nine mths
Shr 5.06 dlrs vs 2.24 dlrs
Net 327.2 mln vs 148.0 mln
Revs 3.00 billion vs 2.70 billion
NOTE: Realized investment gains net of taxes for 1987 3rd
qtr and nine mths were 147.0 mln dlrs and 271.0 mln dlrs,
respectively. Realized investment gains for 1986 3rd qtr and
nine mths were 18.6 mln dlrs and 33.6 mln dlrs, respectively.
Company repurchased 1.2 mln shares of its stock during the
1987 3rd qtr.
Reuter
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Shr 26 cts vs 11 cts
Net 8,700,000 vs 3,600,000
Revs 988.9 mln vs 674.5 mln
Nine mths
Shr 3.65 dlrs vs 1.38 dlrs
Net 120.6 mln vs 43.6 mln
Revs 2.7 billion vs 2.1 billion
NOTE: Net for 1987 includes 4.4 mln from discontinued
opers, 51.6 mln after tax gain on sale of E.F. Hutton Insurance
Group, and 36.6 mln on extraordinary gains from utiliazation of
loss carryforward.
Net in 1986 included 10.8 mln from discontinued opers and
an extraordinary credit of 5.2 mln from utilization of loss
carryforwards.
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Service Corp International said its
Investment Capital Corp unit sold its entire 14.8 pct stake in
Capital Southwest Corp <CSWC.O> common stock, and no longer
holds any Capital Southwest shares.
In a filing with the Securities and Exchange Commission,
Investment Capital said it sold 280,000 shares of Capital
Southwest common stock since September 21 at 19.56 dlrs to
21.50 dlrs a share.
No reason was given for the recent sales.
Reuter
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shr profit 2.73 dlrs vs 2.29 dlrs
net 129.1 mln vs 105.8 mln
nine mths
shr loss 28.33 dlrs vs profit 6.42 dlrs
net loss 1.16 billion vs profit 301.8 mln
NOTE: 3rd qtr includes previously reported gain of 55.0 mln
dlrs, or 29.4 mln after-tax, by capturing excess pension funds.
Nine mths include 1.7 billion dlr addition to loan loss
reserves in 2nd qtr, mostly for shaky LDC debts.
Reuter
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Shr 23 cts vs 23 cts
Net 31.9 mln vs 15.7 mln
Revs 876.9 mln vs 401.2 mln
Avg shrs 140.1 mln vs 68.6 mln
Nine mths
Shr 53 cts vs 42 cts
Net 74.0 mln vs 28.9 mln
Revs 2.55 billion vs 1.17 billion
Avg shrs 140.1 mln vs 68.6 mln
NOTE: Results include acquired bottling companies from
dates of acquisition.
On pro forma basis, as if all acquisitions had been in
place from the start of the period, company earned 5,704,000
dlrs or four cts per share on 140.0 mln shares outstanding with
revenues of 826.2 mln dlrs for quarter and earned 14.1 mln dlrs
or 10 cts per share on same number of shares and revenues of
2.41 billion dlrs for nine mths.
Reuter
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Shr 80 cts vs 72 cts
Net 18,900,000 vs 17,100,000
Sales 267.4 mln vs 288.6 mln
Nine mths
Shr 2.26 dlrs vs 2.04 dlrs
Net 53,600,000 vs 48,200,000
Sales 839.3 mln vs 836.3 mln
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Shr 2.03 dlrs vs 1.53 dlrs
Net 146.4 mln vs 110.3 mln
Nine months
shr loss 3.99 dlrs vs profit 4.62 dlrs
net loss 283.3 mln vs profit 330.5 mln
Avg shrs 71.08 mln vs 69.26 mln
Assets 56.9 billion vs 50.7 billion
Deposits 30.4 billion vs 25.9 billion
Loans 26.3 billion vs 25.7 billion
Note : Nine month loss reflects 700 mln dlr increase in
loan loss provisions.
Without the tax benefit, third-quarter net income would
have been 127.6 mln dlrs, up 16 pct or 17.4 mln dlrs from the
third quarter of 1986.
Non-interest income totaled 342.6 mln dlrs in the third
quarter, up 47 pct or 109.7 mln dlrs, largely due to increased
income from foreign exchange trading, fees and commissions.
Foreign exchange trading income totaled 71.3 mln dlrs, up
44.3 mln from a year ago. Provision for loan losses in the
third quarter was 20 mln dlrs versis 40 mln a year previously.
At September 30, the provision for loan losses jumped to
1.30 billion dlrs from 455 mln at the same time last year.
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Shr profit 23 cts vs profit 49 cts
Net profit 24.1 mln vs profit 49.6 mln
Revs 755.4 mln vs 708.3 mln
Nine mths
Shr loss 84 cts vs profit 1.53 dlrs
Net loss 80.7 mln vs profit 152.3 mln
Revs 1.19 billion vs 2.32 billion
NOTE: Per shr reflects payment of preferred dividends.
Results include loss of 7,435,000 or eight cts shr in prior
nine mths from discontinued operations.
Latest nine month results include one-time charge of 1.09
dlrs share relating to US Sprint.
Revenues exclude those for US Sprint, a joint venture with
GTE Corp <GTE>.
Reuter
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Shr 70 cts vs 61 cts
Net 200.2 mln vs 173.9 mln
Sales 1.38 billion vs 1.26 billion
Nine mths
Shr 1.87 dlrs vs 1.54 dlrs
Net 535.6 mln vs 437.8 mln
Sales 4.04 billion vs 3.63 billion
NOTE: Share adjusted for two-for-one stock split.
REUTER
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Shr 25 cts vs 19 cts
Net 687,000 vs 514,000
Sales 20.7 mln vs 13.2 mln
Reuter
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New York-based Bastian Technologies
Corp said it acquired a five pct stake in Cosmo Communications
Corp, and is considering a move to seek control of the company
or to secure a role in its affairs.
"Bastian Technologies believes that with the appropriate
management policies and business strategies, the company can
once again become profitable and maximize for all shareholders
the underlying value of their company," Bastian said in a
filing with the Securities and Exchange Commission.
Bastian said alternatives being considered include an
attempt to acquire Cosmo through a merger, tender or exchange
offer, seeking to influence the company's management and
policies, and seeking representation on Cosmo's board of
directors through a proxy contest or otherwise.
Bastian said it may contact third parties regarding its
intentions toward Cosmo, adding it intends to request a meeting
with Cosmo representatives to discuss its investment in Cosmo
stock.
Bastian currently holds 253,700 Cosmo common shares, or
five pct of the total outstanding.
The shares were purchased from Nasta International Inc
<NAS> on October 16 for about 1.15 mln dlrs, Bastia said.
Reuter
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Shr 53 cts vs 38 cts
Net 22,249,000 vs 15,356,000
Sales 189.1 mln vs 166.5 mln
Nine mths
Shr 1.56 dlrs vs 1.21 dlrs
Net 64,707,000 vs 49,603,000
Sales 559.2 mln vs 492.4 mln
Reuter
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Shr loss two cts vs profit two cts
Net profit 253,000 vs profit 356,000
Revs 17.5 mln vs 12.3 mln
Nine mths
Shr profit one cent vs profit 21 cts
Net profit 628,000 vs profit 2,921,000
Revs 54.9 mln vs 36.0 mln
NOTE: 1987 qtr and nine mths includes gain 106,000 dlrs, or
one cent per share, and 846,000 dlrs, or six cts per share,
respectively, from utilization of tax loss carryforward.
1986 qtr and nine mths includes gain 178,000 dlrs, or one
cent per share, and gain 810,000 dlrs, or six cts per share,
respectively, from utilization of tax loss carryforward.
1987 nine mths includes loss 1,519,000 dlrs, or 11 cts per
share, from early extinguishment of debt.
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Trans World Airlines Inc said chairman
Carl C. Icahn has withdrawn his proposal to acquire the TWA
shares he does not already own due to the deterioration in
market conditions.
Under the proposal Icahn would have paid for each TWA share
20 dlrs in cash and 25 dlrs face amount of 12 pct subordinated
debentures due 2007.
TWA said Icahn reserves the right to make a subsequent
proposal at some future date on the same terms or different
terms.
Reuter
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Shr primary 1.79 dlrs vs 1.72 dlrs
Shr diluted 1.39 dlrs vs 1.34 dlrs
Net 12.1 mln vs 11.7 mln
Nine mths
Shr primary 5.56 dlrs vs 4.41 dlrs
Shr diluted 4.30 dlrs vs 3.74 dlrs
Net 37.3 mln vs 29.1 mln
Assets 3.92 billion vs 3.83 billion
Loans 3.05 billion vs 2.99 billion
NOTE: 1987 qtr and nine mths includes gain 6,016,000 dlrs
and 18.7 mln dlrs, respectively, from utilization of net
operating loss carryforward.
1986 qtr and nine mths includes gain 6,233,000 dlrs and
15.5 mln dlrs, respectively, from utilization of net operating
loss carryforward.
Full name of company is american savings bank fsb of new
york.
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A and W Brands Inc said it
completed the acquisition of Vernors Inc from United Brands Co
<UB> in a cash and stock transaction worth valued at about 10
mln dlrs
Reuter
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Shr 4.77 dlrs vs 1.65 dlrs
Net 61.3 mln vs 21.1 mln
Revs 312.9 mln vs 291.5 mln
Nine mths
Shr 9.51 dlrs vs 4.98 dlrs
Net 122.3 mln vs 63.9 mln
Revs 950.4 mln vs 881.8 mln
NOTE: 1987 net in both periods includes gains of 24.2 mln
dlrs, or 1.88 dlrs a share, from sale of interest in Detroit
Cellular telephone company and 6.1 mln dlrs, or 47 cts a share,
from sale of interest in sportschannel Cable programing
network.
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Iran's top war spokesman Ali Akbar
Hashemi Rafsanjani on Tuesday called the U.S. Attacks on two of
its Gulf oil platforms an escalation and promised retaliation.
"God willing, we will carry out our duty in the coming days
and make them sorry," said Rafsanjani in a speech to Parliament
later broadcast by Tehran Radio.
The Tehran leadership have been quick to threaten vengeance
after the U.S. Raids on the rigs, one of which was destroyed.
President Ali Khamenei, Prime Minister Mir-Hossein Mousavi
and now Rafsanjani within 24 hours of the U.S. Action have all
vowed retaliation.
Rafsanjani, the parliamentary speaker, said, "It is not a
threat or an attempt at intimidation when we say we will
respond to aggression -- it is a reality and we have proved it
in practice." He added that the American attack "squares neither
with its superpower image nor its claim of concern with
security, nor reason and wisdom."
U.S. Warships shelled an Iranian offshore oil platform and
American special forces boarded another, destroying equipment.
The U.S. Government said the attack was a measured response
to an Iranian missile attack on the American-flagged Kuwaiti
tanker Sea Isle City in Kuwaiti waters last Friday.
REUTER
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Shr 66 cts vs 57 cts
Net 64.0 mln vs 52.9 mln
Nine mths
Shr 1.49 dlrs vs 1.64 dlrs
Net 142.2 mln vs 153.3 mln
Assets 18.04 billion vs 16.63 billion
Deposits 13.97 billion vs 12.78 billion
Loans 12.54 billion vs 10.81 billion
Reuter
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U.S. Agriculture Secretary Richard
Lyng said he is pleased the European Community plans to offer a
global farm reform plan at GATT later this month, although the
United States opposes key parts of the proposal.
"We're pleased that they have moved in tabling a proposal.
It will help us in getting the negotiations underway," Lyng
told Reuters in an interview Tuesday.
Lyng's comment came after EC ministers in Luxembourg
endorsed a farm reform package drafted by the EC Commission.
The EC plan will be presented at the next meeting of Uruguay
round agriculture negotiators in Geneva on October 26.
Lyng said the United States would oppose parts of the plan
seeking a market sharing agreement for grains, and proposing
curbs on U.S. soybean and cereal substitute exports to Europe.
The U.S. in July proposed to GATT the elimination of all
farm subsidies affecting trade within ten years, and has
pressed the EC to make a counter-offer with the aim of reaching
a global farm subsidy agreement by the end of 1988.
However, the EC and some U.S. domestic groups have said the
Reagan administration plan to end all farm trade subsidies is
unrealistic.
Asked about such criticism, Lyng said "The alternative to
doing that is to say that we preserve them and maintain them. I
think that is the unrealistic position."
"I would suggest that they (EC) listen to what we are
trying to say."
Lyng also rejected suggestions the U.S. and EC agree a
freeze in export subsidies to get the GATT negotiations
started.
"All that some countries would like to have would be a
wheat agreement where we would stop export subsidies on wheat.
That doesn't do a thing for us," Lyng said.
The United States wants an end to subsidies in a range of
agricultural products from dairy products to vegetable oils, he
said.
At the GATT negotiators meeting next week Canada is
expected to offer a proposal as well as the EC.
The United States will be represented at the meeting by
former agriculture undersecretary Daniel Amstutz, recently
appointed special U.S. negotiator on agriculture.
Reuter
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Shr 41 cts vs 28 cts
Net 66.2 mln vs 41.8 mln
Revs 824.1 mln vs 693.3 mln
Nine mths
Shr 1.50 dlrs vs 87 cts
Net 236.1 mln vs 123.8 mln
Revs 2.38 billion vs 2.02 billion
Reuter
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Shr 72 cts vs 56 cts
Qtly div 18 cts vs 18 cts prior
Net 18.7 mln vs 14.4 mln
Revs 239.7 mln vs 187.1 mln
Nine mths
Shr 1.87 dlrs vs 1.26 dlrs
Net 48.3 mln vs 32.5 mln
Revs 676.9 mln vs 574.8 mln
NOTE: Dividend payable December 1 to shareholders of record
October 30.
Reuter
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Shr 1.54 dlrs vs 1.27 dlrs
Net 7,065,000 vs 5,812,000
Nine mths
Shr 4.25 dlrs vs 3.40 dlrs
Net 19.5 mln vs 15.6 mln
Assets 2.84 billion vs 1.87 billion
Deposits 2.51 billion vs 1.67 billion
NOTE: 1987 qtr and nine mths includes gain 2,500,000 dlrs,
or 54 cts per share, from utilization of tax loss carryforward.
1986 qtr and nine mths includes gain 2,158,000 dlrs, or 47
cts per share, and 5,567,000 dlrs, or 1.22 dlrs per shr,
respectively, from utilization of tax loss carryforward.
Reuter
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Shr 96 cts vs 83 cts
Net 119.3 mln vs 102.8 mln
Revs 1.01 billion vs 869.9 mln
Nine mths
Shr 2.53 dlrs vs 2.01 dlrs
Net 313.6 mln vs 248.5 mln
Revs 2.83 billion vs 2.52 billion
NOTE: 1986 nine month earnings include nonrecurring loss of
9.9 mln dlrs, or eight cents a share, from purchase of 123.7
mln dlrs principal amount of the company's 150 mln dlr 12-1/4
pct debentures due February 15, 2015.
Reuter
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French Finance Minister Edouard Balladur
has been in contact with several Finance Ministers from the
Group of Seven leading industrial countries, in particular West
German Finance Minister Gerhard Stoltenberg, to discuss the
crisis on world markets, Finance Ministry sources said.
They did not say whether the contacts had led to concerted
action on the markets or merely an exchange of views.
But they added that French ministry officials were
continuing the contacts to exchange views on market
performance.
Reuter
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LASMO Exploration (Canada) Ltd, a
subsidiary of London & Scottish Marine Oil Plc <LSML.L>, is
merging with <Onyx Petroleum Exploration Co Ltd>, LASMO said.
The merger is to be made by Onyx buying LASMO Exploration,
in a share swap. A new company, LASMO Canada Inc, will be
formed. LASMO will control 70 pct of the equity, worth some 76
mln Canadian dlrs based on the current Onyx share price.
The new company will have proven reserves of 9.5 mln
barrels of oil and 20.9 billion cubic feet of gas, LASMO said.
Reuter
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Shr 31 cts vs 26 cts
Net 1,858,000 vs 1,388,000
Sales 27.1 mln vs 18.7 mln
Nine mths
Shr 87 cts vs 76 cts
Net 5,126,000 vs 3,798,000
Sales 70.6 mln vs 57.2 mln
Reuter
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Shr 21 cts vs 19 cts
Net 2,560,000 vs 2,359,000
Revs 70.0 mln vs 56.0 mln
Nine mths
Shr 54 cts vs 42 cts
Net 6,574,000 vs 5,100,000
Revs 207.7 mln vs 174.0 mln
Reuter
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Shr 72 cts vs 74 cts
Net 11.9 mln vs 11.9 mln
Nine mths
Shr 2.18 dlrs vs 2.18 dlrs
Net 35.0 mln vs 34.6 mln
Assets 4.6 billion vs 4.3 billlion
Loans 3.1 billion vs 2.8 billion
NOTE: 1986 3rd qtr includes securities after tax gain of
1,519,000 dlrs or 10 cts a share.
Reuter
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Shr profit seven cts vs profit 32 cts
Net profit 154,398 vs profit 694,521
Revs 17.7 mln vs 19.5 mln
Year
Shr profit 86 cts vs loss 50 cts
Net profit 1,862,986 vs loss 1,078,535
Revs 78.2 mln vs 81.4 mln
NOTE: 1987 year results include extraordinary credit of
459,000 dlrs or 21 cts per shr due to utilization of tax loss
carryforward.
Fiscal 1987 nonrecurring income items totaled 4,322,342 vs
1,393,187 in 1986.
Qtr 1987 includes 446,000 dlrs or 20 cts per shr
extraordinary charge due to duction in utilization of tax
loss carryforward.
Nonrecurring income items totaled 2,564 in three mths
1987 vs 1,211,196 in three mths 1986.
Nonrecurring income for year 1987 included pretax gain of
4,307,180 dlrs on sale of company's leasehold of Glen Oaks
store on Dec 16, 1986.
The company discontinued operations in that unit on Jan.
17, 1987.
Nonrecurring income for three and 12 months 1986 included
575,000 for settlement of litigation and a gain of 618,719 dlrs
on surrender of leaseholds.
The 12 month period also included refund of prior year's
real estate tadxes of 136,964.
Reuter
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Shr 45 cts vs 61 cts
Net 504,000 vs 683,000
Nine mths
Shr 1.83 dlrs vs 2.42 dlrs
Net 2,043,000 vs 2,183,000
Reuter
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Qtr ended September 30.
Shr 83 cts vs 75 cts
Net 3,053,000 vs 2,775,000
Assets 1.2 billion vs 1.0 billion
Deposits 851.8 mln vs 754.1 mln
Loans 912.5 mln vs 798.1 mln
Reuter
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Rumors circulated among the trade
this morning that the USSR may have purchased between one and
two mln tonnes of U.S. corn, but there was no confirmation.
One dealer said he felt some business had been done, but
that the amount probably was on the low end of trade estimates.
Reuter
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Period ended September 30.
Shr 17 cts vs 10 cts
Net 2.2 mln vs 1.3 mln
Sales 40.6 mln vs 32.6 mln
Reuter
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Shr 65 cts vs 47 cts
Net 17.7 mln vs 11.9 mln
Revs 131.9 mln vs 128.4 mln
Nine mths
Shr 1.77 dlrs vs 1.02 dlrs
Net 49.0 mln vs 27.0 mln
Revs 341.7 mln vs 269.5 mln
Reuter
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Shr 40 cts vs 75 cts
Qtly div 15-1/2 cts vs 15-1/2 cts prior
Net 11.7 mln vs 21.4 mln
Revs 447.5 mln vs 445.2 mln
Nine mths
Shr 1.04 dlrs vs 1.99 dlrs
Net 29.9 mln vs 56.8 mln
Revs 1.30 billion vs 1.28 billion
NOTE: Full name is Yellow Freight System Inc. Dividend is
payable November 23, record November 9.
Reuter
| [
0,
0,
0,
1,
0,
0,
0,
0,
0,
0
] |
Shr 38 cts
Net 1.3 mln vs 668,000
Nine mths
Shr 84 cts
Net 2,892,000 vs 2,200,000
NOTE: Company converted to stock ownership in July
Reuter
| [
0,
0,
0,
1,
0,
0,
0,
0,
0,
0
] |
Shr 32 cts vs 26 cts
Net 722,000 vs 597,000
Nine mths
Shr 92 cts vs 69 cts
Net 2,100,000 vs 1,500,000
NOTE: full name of company is florida employers insurance
co.
Reuter
| [
0,
0,
0,
1,
0,
0,
0,
0,
0,
0
] |
Shr 61 cts vs 55 cts
Net 726,000 vs 669,000
Nine mths
Shr 1.78 dlrs vs 1.63 dlrs
Net 2,133,000 vs 1,960,000
NOTE: Full name is First Oak Brook Bancshares Inc
Reuter
| [
0,
0,
0,
1,
0,
0,
0,
0,
0,
0
] |
Qtr ends Sept 30
Shr profit seven cts vs loss two cts
Net profit 228,691 vs loss 54,115
Revs 2,415,419 vs 1,389,579
Avg shrs 3,056,787 vs 2,933,058
Reuter
| [
0,
0,
0,
1,
0,
0,
0,
0,
0,
0
] |
Shr 46 cts vs 33 cts
Net 2,731,000 vs 1,928,000
Sales 66.2 mln vs 58.8 mln
Nine mths
Shr seven cts vs 61 cts
Net 6,310,000 vs 3,579,000
Sales 171.8 mln vs 141.9 mln
Reuter
| [
0,
0,
0,
1,
0,
0,
0,
0,
0,
0
] |
Bundesbank president Karl Otto Poehl
said there were good chances for exchange rate stability.
"The chances for exchange rate stability are good," he told
reporters.
Reuter
| [
0,
0,
0,
0,
0,
0,
1,
0,
0,
0
] |
Shr 37 cts vs 41 cts
Net 1,214,000 vs 1,316,000
Nine mths
Shr 1.06 dlrs
Net 3,408,000 vs 2,809,000
Assets 204.8 mln vs 176.6 mln
Deposit 154.0 mln vs 131.2 mln
Loans 125.3 mln vs 100.7 mln
NOTE: 1986 nine mths per share figures not available
because bank converted to stock form in June of 1986.
Reuter
| [
0,
0,
0,
1,
0,
0,
0,
0,
0,
0
] |
<Gordon Investment Corp> said it plans to
make an offer to acquire all of Pagecorp Inc's class A and
Class B shares for 9.25 dlrs cash per share.
The bid is conditional upon an examination by Gordon of the
business and affairs of Pagecorp during the 45 days ending
December 3, 1987.
The proposed offer would be condition upon ainimum number
of shares being tendered, Gordon said. It did not say what the
minimum will be.
Meanwhile, Pagecorp said it agreed to grant Gordon an
option to purchaser 900,000 class A shares at 9.25 dlrs per
share, which is exercisable only if Gordon makes the
acquisition bid before December 4, 1987 or if any third party
begins a takeover before December 31, 1987.
Pagecorp also said all Class B shareholders have agreed to
deposit their class B shares, if Gordon proceeds with its
offer.
Reuter
| [
1,
0,
0,
0,
0,
0,
0,
0,
0,
0
] |
Shr profit seven cts vs loss 1.77 dlrs
Net profit 446,000 vs loss 9,370,000
Revs 15.0 mln vs 13.3 mln
Six mths
Shr profit eight cts vs loss 1.87 dlrs
Net profit 523,000 vs loss 9,883,000
Revs 27.1 mln vs 27.1 mln
Avg shrs 5,324,464 vs 5,324,350
Note: Trillium Telephone Systems Inc
Reuter
| [
0,
0,
0,
1,
0,
0,
0,
0,
0,
0
] |
Shr loss 39 cts vs profit 19 cts
Net loss 433,424 vs profit 216,117
Revs 6,469,001 vs 8,221,549
Reuter
| [
0,
0,
0,
1,
0,
0,
0,
0,
0,
0
] |
Shr 55 cts vs 75 cts
Net 218,000 vs 269,000
Nine mths
Shr 2.15 dlrs vs 3.45 dlrs
Net 855,000 vs 920,000
Assets 175.8 mln vs 166.9 mln
Deposits 159.8 mln vs 154.3 mln
Loans 155.7 mln vs 142.6 mln
NOTE: 1987 nine mths includes gain 96,000 dlrs, or 24 cts
per share, from utilization of operating loss carryforward.
1986 qtr and nine mths includes gain 128,000 dlrs, or 36
cts per share, and 445,000 dlrs, or 1.67 dlrs per share, from
utilization of operation loss carryforward.
Reuter
| [
0,
0,
0,
1,
0,
0,
0,
0,
0,
0
] |
Period ended September 26
Shr 28 cts vs 14 cts
Net 3,300,000 vs 1,300,000
Sales 24.7 mln vs 11.2 mln
Avg shrs 11,871,751 vs 9,398,952
Nine mths
Shr 76 cts vs 35 cts
Net 9,000,000 vs 3,200,000
Sales 69.3 mln vs 32.0 mln
Avg shrs 11,833,883 vs 9,059,692
Reuter
| [
0,
0,
0,
1,
0,
0,
0,
0,
0,
0
] |
Shr 77 cts vs nil
Net 417,000 vs 1,000
Nine mths
Shr 2.39 dlrs vs 84 cts
Net 1,298,000 vs 443,000
Assets 290.7 mln vs 296.6 mln
NOTE: full name of company is home federal savings and loan
association of the rockies.
Reuter
| [
0,
0,
0,
1,
0,
0,
0,
0,
0,
0
] |
Shr 19 cts vs 38 cts
Net 397,000 vs 788,000
Nine mths
Shr 80 cts vs 1.19 dlrs
Net 1,674,000 vs 2,455,000
Reuter
| [
0,
0,
0,
1,
0,
0,
0,
0,
0,
0
] |
Shr 60 cts vs 57 cts
Net 103.7 mln vs 96.5 mln
Revs 472.5 mln vs 434.1 mln
Avg shrs 152.3 mln vs 147.0 mln
12 mths
Shr 2.60 dlrs vs 2.44 dlrs
Net 393.1 mln vs 347.1 mln
Revs 1.79 billion vs 1.76 billion
Avg shrs 150.9 mln vs 142.2 mln
Reuter
| [
0,
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0,
1,
0,
0,
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0,
0,
0
] |
Oper shr 71 cts vs 78 cts
Oper net 42.9 mln vs 46.6 mln
Revs 294.0 mln vs 274.9 mln
Avg shrs 55.5 mln vs 54.0 mln
Nine mths
Oper shr 2.88 dlrs vs 3.07 dlrs
Oper net 169.2 mln vs 181.5 mln
Revs 993.4 mln vs 961.4 mln
Avg shrs 55.2 mln vs 54.0 mln
12 mths
Oper shr 3.67 dlrs vs 3.76 dlrs
Oper net 216.2 mln vs 224.4 mln
Revs 1.31 billion vs 1.26 billion
Avg shrs 54.9 mln vs 53.9 mln
NOTE: 1987 nine month and 12 month operating net excludes
charges of 269 mln dlrs and 25 mln dlrs reflecting disallowed
costs of utility's 18 pct share of Nine Mile Point Number two
nuclear power plant and the abandoned Jamesport nuclear
project, respectively. The charges resulted in nine month share
loss of 2.44 dlrs and 12 month share loss of 1.68 dlrs.
Reuter
| [
0,
0,
0,
1,
0,
0,
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0,
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] |
Shr profit 3.64 dlrs vs profit 1.64 dlrs
Net profit 541 mln vs profit 247 mln
Nine mths
Shr loss 13.30 dlrs vs profit 5.11 dlrs
Net loss 1.78 billion vs profit 752 mln
NOTE: Net in nine mths 1987 vs 1986 includes provision for
possible credit losses of 4.19 billion vs 1.32 billion.
Net in qtr 1987 vs 1986 includes provision for possible
crit losses of 320 mln vs 431 mln.
Assets 200 billion vs 186 billion
Loans 129.3 billion vs 122.3 billion
Deposits 118.1 billion vs 111.0 billion
3rd qtr 1987 reflects previously announced aftertax gain of
163 mln from recognition of pension plan over funding and 139
mln of tax benefits from the three billion provision.
Net write offs in qtr 1987 vs 1986 totaled 338 mln vs 342
mln and in year to date 1987 vs 1986 of 1.06 billion vs 988
mln.
Reuter
| [
0,
0,
0,
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0,
0,
0,
0,
0,
0
] |
Shr 42 cts vs 34 cts
Net 2,945,000 vs 2,400,000
Sales 146.8 mln vs 117.2 mln
Nine mths
Shr 2.45 dlrs vs 2.35 dlrs
Net 17,280,000 vs 16,366,000
Sales 465.6 mln vs 387.8 mln
Avg shrs 7,046,000 vs 6,961,000
NOTE: 1986 data restated for changes in method of
accounting for pensions
Reuter
| [
0,
0,
0,
1,
0,
0,
0,
0,
0,
0
] |
Minneapolis investor Irwin Jacobs said he
sold the stake he held in Gillette Co <GS> after deciding that
he could not force Gillette to accept a 47 dlr a share takeover
bid made by Revlon Group Inc <REV>.
Revlon's bid expired last week after being repeatedly
rejected by Gillette. Jacobs had earlier considered waging a
proxy fight over Gillette.
Jacobs told Reuters he sold the Gillette stake, which he
called "substantial" but under five pct, a few weeks ago over a
period of several days. He said he sold the stock at a profit,
but did not disclose the selling price.
Gillette's stock was at 24-1/8, up 1/8, in morning trade,
off the high of 45-7/8 reached after Revlon announced its bid.
Jacobs said he sold his Gillette stake based on an
"investment decision. I surely did not see this happening," he
said of Monday's stock market free-fall.
A Gillette spokesman said the mpany had no comment.
Jacobs said he and fellow investor Carl Pohlad continue to
hold a stake in Allegheny International Inc <AG>. In August
they disclosed in a Securities and Exchange Commission filing
that they had acquired 854,900 shares, or 7.9 pct, of Allegheny
and would consideer seeking control of the company.
Reuter
| [
1,
0,
0,
0,
0,
0,
0,
0,
0,
0
] |
Transamerica Corp's Transamerica
Insurance Co said it signed a definitive pact to buy a 51 pct
interest in Sedgwick Group PLC's River Thames Insurance Co.
Transamerica will buy 11 mln newly issued Class A shares of
River Thames for 2.23 dlrs per share.
Sedgwick wil retain a 49 pct interest in River Thames,
which is a property liability reinsurer.
The agreement, subject to shareholder approval, is expected
to close by the end of the year, the company said.
In 1986, River Thames reported net premiums written of 36
mln dlrs.
Reuter
| [
1,
0,
0,
0,
0,
0,
0,
0,
0,
0
] |
Shr 16 cts vs 17 cts
Net 988,000 vs 1,005,000
Revs 19.7 mln vs 16.4 mln
Avg shrs 6,206,487 vs 5,959,028
Six Mths
Shr 31 cts vs 28 cts
Net 1,884,000 vs 1,662,000
Revs 37.5 mln vs 30.8 mln
Avg shrs 6,168,105 vs 5,950,842
Reuter
| [
0,
0,
0,
1,
0,
0,
0,
0,
0,
0
] |
Shr 30 cts vs 73 cts
Net 3,992,000 vs 8,526,00
Nine Mths
Shr 1.72 dlrs vs 1.74 dlrs
Net 22,110,000 vs 20,379,000
Avg shrs 13,459,000 vs 11,740,000
Note: Prior nine month figures include extraordinary
after-tax loss of 10.9 mln dlrs, or 93 cts per share.
Reuter
| [
0,
0,
0,
1,
0,
0,
0,
0,
0,
0
] |
Shr 17 cts vs 15 cts
Net 565,000 vs 502,000
Revs 20.0 mln vs 14.5 mln
Note: Current qtr figures include tax loss carryforward
credit of 194,000 dlrs vs credit of 197,000 dlrs.
Reuter
| [
0,
0,
0,
1,
0,
0,
0,
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0
] |
Donald Regan, President Reagan's
former chief of staff, said the government should loosen the
money supply, try to keep interest rates down and try to reduce
the federal budget and trade deficits to avoid a recession.
"I think what we have to face now is trying to preserve our
economy," the one-time chairman of Merrill Lynch and Co Inc
<MER> said in an interview on the ABC television network.
"We've got to loosen money, we've got to keep interest rates
down. We can't afford to let them go up. That means we're going
to have to work on our twin deficits, both the budget deficit
and the trade deficit," Regan said.
"I certainly wouldn't tighten money at this particular
moment," Regan said when asked about the prospects for a
recession following Monday's price drop on Wall Street.
"I think that if they were to do that, they'd create the
same conditions that we did in '29...They choked off the money
supply and what happened? We went into a major recession. I
think that's the one thing we've got to avoid right now."
Regan also called on the government to impose restrictions
on program trading. "I think that that's exacerbated,
exaggerated this decline, and I think it's something that they
must stop," he said.
Reuter
| [
0,
0,
0,
0,
0,
1,
0,
0,
0,
0
] |
Shr 41 cts vs 80 cts
Net 40.3 mln vs 78.9 mln
Nine mths
Shr 1.58 dlrs vs 2.40 dlrs
Net 155.0 mln vs 223.3 mln
Avg shrs 98,353,350 vs 92,967,487
Assets 27.48 billion vs 27.60 billion
Loans 22.75 billion vs 19.00 billion
Deposits 21.45 billion vs 21.31 billion
Reuter
| [
0,
0,
0,
1,
0,
0,
0,
0,
0,
0
] |
Shr 50 cts vs 37 cts
Net 16.1 mln vs 9,390,000
Revs 168.1 mln vs 111.3 mln
Avg shrs 12.5 mln vs 11.6 mln
Nine mths
Shr 1.31 dlrs vs 86 cts
Net 16.1 mln vs 9,390,000
Revs 445.8 mln vs 244.6 mln
Avg shrs 12.4 mln vs 10.9 mln
Reuter
| [
0,
0,
0,
1,
0,
0,
0,
0,
0,
0
] |
Shr 32 cts vs not given
Net 1,041,000 vs 43,000
Nine mths
Shr 1.09 dlrs vs not given
Net 3,586,000 vs 764,000
NOTE: Company went public in October 1986.
Reuter
| [
0,
0,
0,
1,
0,
0,
0,
0,
0,
0
] |
Shr profit three cts vs profit 36 cts
Net profit 1,800,000 vs profit 19.2 mln
Nine mths
Shr profit 1.22 dlrs vs loss 44 cts
Net 64.7 mln vs loss 23.5 mln
NOTE: 1986 3rd qtr and nine months includes a profit of 2.8
mln dlrs and a loss of 66.7 mln dlrs from discontinued
operations.
Earnings per share are reported after payment of preferred
stock dividends of subsidiaries.
Reuter
| [
0,
0,
0,
1,
0,
0,
0,
0,
0,
0
] |
Phillips Petroleum 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 the company's postings for the West
Texas Intermediate and West Texas Sour grades to 19.00 dlrs a
barrel.
Phillips last changed it crude oil postings on Sept 9.
Reuter
| [
0,
0,
1,
0,
0,
0,
0,
0,
0,
0
] |
Shr 31 cts vs 26 cts
Net 3,308,000 vs 1,512,000
Revs 6,467,000 vs 2,590,000
Avg shrs 10.7 mln vs 5,788,594
Nine mths
Shr 1.32 dlrs vs 1.17 dlrs
Net 10.2 mln vs 3,041,000
Revs 18.7 mln vs 5,682,000
Avg shrs 10.7 mln vs 3,780,626
Reuter
| [
0,
0,
0,
1,
0,
0,
0,
0,
0,
0
] |
Shr profit five cts vs loss four cts
Net profit 378,000 vs loss 140,000
Revs 4,226,000 vs 1,240,000
Nine mths
Shr loss 38 cts vs loss 16 cts
Net loss 1,088,000 vs 538,000
Revs 10.1 mln vs 2,963,000
NOTE: 1987 nine mths includes charge 1,827,000 dlrs for
exchange by an officer and director of 554,000 shares of junior
subordinated stock for 443,000 shares of common stock and a
10-year warrant to purchase 250,000 shares of common stock at
4.50 dlrs per share.
Reuter
| [
0,
0,
0,
1,
0,
0,
0,
0,
0,
0
] |
Shr four cts vs 36 cts
Net 254,000 vs 2,063,000
Revs 130.0 mln vs 107.8 mln
Nine mths
Shr 23 cts vs 1.16 dlrs
Net 1,336,000 vs 6,659,000
Revs 370.9 mln vs 313.7 mln
Reuter
| [
0,
0,
0,
1,
0,
0,
0,
0,
0,
0
] |
Commerce Undersecretary J. Michael
Farren opposed language in the trade bill before Congress to
limit foreign takeovers of U.S. companies.
"Anything that would serve to have a chilling effect on
foreign investment is going to cost us jobs and economic
growth," Farren said before a congressional coittee.
House and Senate negotiators are ironing out differences in
trade bills passed by both chambers. Once the negotiators reach
agreement, the bill will be sent to President Reagan for his
signature.
Reuter
| [
1,
0,
0,
0,
0,
0,
0,
0,
0,
0
] |
Shr 52 cts vs 47 cts
Net 1,935,000 vs 1,495,000
Revs 52.7 mln vs 43.1 mln
Year
Shr 83 cts vs 1.01 dlrs
Net 3,775,000 vs 3,221,000
Revs 172.7 mln vs 105.9 mln
NOTE: Share figures for year are after payment of preferred
share dividend and include unspecified extraordinary items.
Reuter
| [
0,
0,
0,
1,
0,
0,
0,
0,
0,
0
] |
Agriculture Secretary Richard Lyng
said the ruling of a GATT panel on a U.S. trade complaint
against Japan, expected soon, may influence the U.S. stance in
negotiations with Tokyo on beef and citrus import quotas.
The ruling of a GATT tribunal on a U.S. demand that Japan
end quotas on 12 categories of food items is expected by the
end of the year. Lyng said he is optimistic the ruling will
favor the U.S.
"These are quota items, and the principles that apply to
them, it seems to me, will have some bearing on the question of
whether you would have quotas or not on beef and citrus," Lyng
told Reuters in an interview.
He repeated the U.S. demand that Japan lift the quotas on
beef and citrus after March 31, next year.
The Japanese quotas on 12 food categories which the United
States has challenged include items such as tomato paste, some
cheeses and specialty fruit juices.
U.S. officials had hoped a ruling against the quotas would
be issued earlier this year but the GATT panel decision has
been delayed by the illness of the tribunal's chairman.
The U.S. has taken a hardline stance on the beef and citrus
quotas, which Tokyo says must remain in place to protect
Japanese farmers.
"We will not negotiate new quotas or accept new quotas (on
beef and citrus). If they impose them we would consider that an
illegal action in the GATT, Lyng said.
He declined to say what action the U.S. would take next
April if Japan continues to resist U.S. demands.
Reuter
| [
0,
0,
0,
0,
0,
0,
0,
0,
1,
0
] |
Shr 95 cts vs 30 cts
Net 9,139,000 vs 2,894,000
Revs 135.6 mln vs 118.5 mln
Nine mths
Shr 2.81 dlrs vs 1.95 dlrs
Net 27.0 mln vs 18.8 mln
Revs 406.5 mln vs 372.8 mln
Reuter
| [
0,
0,
0,
1,
0,
0,
0,
0,
0,
0
] |
Shr 99 cts vs 77 cts
Net 12.7 mln vs 9,736,000
Avg shrs 12.8 mln vs 12.7 mln
Nine mths
Shr 2.67 dlrs vs 2.30 dlrs
Net 34.0 mln vs 29.1 mln
NOTE: Net includes pretax securities gains 16,000 dlrs vs
228,000 dlrs in quarter and 48,000 dlrs vs 1,673,000 dlrs in
nine mths.
Net includes loan loss provisions 1,092,000 dlrs vs 790,000
dlrs in quarter and 3,089,000 dlrs vs 2,584,000 dlrs in nine
mths.
Reuter
| [
0,
0,
0,
1,
0,
0,
0,
0,
0,
0
] |
[
0,
0,
0,
0,
0,
0,
0,
1,
0,
0
] |
|
Shr 38 cts vs not given
Net 8,616,000 vs not given
Revs 209.1 mln vs 169.8 mln
Nine mths
Shr 1.76 dlrs vs not given
Net 34.5 mln vs not given
Revs 632.0 mln vs 551.5 mln
NOTE: Year ago per share and net income not available as
company recapitalized on December 28, 1986 after it became a
new reporting entity for financial reporting purposes.
Reuter
| [
0,
0,
0,
1,
0,
0,
0,
0,
0,
0
] |
Shr primary 60 cts vs 42 cts
Shr diluted 57 cts vs 41 cts
Net 5,590,000 vs 3,721,000
Revs 103.5 mln vs 91.8 mln
Nine mths
Shr primary 1.55 dlrs vs 1.41 dlrs
Shr diluted 1.48 dlrs vs 1.34 dlrs
Net 14.3 mln vs 12.7 mln
Revs 300.5 mln vs 269.3 mln
Reuter
| [
0,
0,
0,
1,
0,
0,
0,
0,
0,
0
] |
Shr 38 cts vs 28 cts
Net 18.6 mln vs 14.5 mln
Revs 574.2 mln vs 493.3 mln
Avg shrs 48,602,000 vs 50,487,000
Nine months
Shr 85 cts vs 61 cts
Net 41.5 mln vs 32.8 mln
Revs 1.62 billion vs 1.40 billion
Avg shrs 48,622,000 vs 51,670,000
NOTE: 1987 results do not include September acquisiton of
Denny's Inc.
Reuter
| [
0,
0,
0,
1,
0,
0,
0,
0,
0,
0
] |
Shr loss 18 cts vs loss 3.61 dlrs
Net loss 5,600,000 vs loss 100.2 mln
Revs 33.5 mln vs 22.3 mln
Avg units 30.9 mln vs 27.5 mln
Nine mths
Shr loss 22 cts vs loss 4.20 dlrs
Net loss 6,800,000 vs loss 113.6 mln
Revs 97.3 mln vs 83.4 mln
Avg units 30.0 mln vs 26.8 mln
NOTE: full name is sante fe energy partners l.p.
Reuter
| [
0,
0,
0,
1,
0,
0,
0,
0,
0,
0
] |
Shr 66 cts vs 61 cts
Net 5,928,000 vs 5,447,000
Revs 126.0 mln vs 89.8 mln
Avg shrs 8,948,000 vs 8,947,000
Nine mths
Shr 1.96 dlrs vs 1.96 dlrs
Net 17.5 mln vs 16.3 mln
Revs 343.9 mln vs 286.9 mln
Avg shrs 8,948,000 vs 8,300,000
Reuter
| [
0,
0,
0,
1,
0,
0,
0,
0,
0,
0
] |
A group of firms led by Hong
Kong-based Industrial Equity (Pacific) Ltd said it increased
its stake in Smith International Inc common stock to 3,997,100
shares, or 17.5 pct of the total outstanding, from about 14.9
pct.
In a filing with the Securities and Exchange Commission,
the group said it bought 586,500 Smith common shares between
October 9 and 19 at 7.86 dlrs to 9.57 dlrs a share.
No reason was given for the recent purchases.
Reuter
| [
1,
0,
0,
0,
0,
0,
0,
0,
0,
0
] |
Iran and the Soviet Union have
provisionally agreed to hold talks on a possible exchange of
Iranian crude oil for finished Soviet oil products, an official
spokesman said Tuesday.
Gennady Gerasimov, chief of the Soviet Foreign Ministry's
Information Directorate, told reporters the agreement had been
reached during a visit to Moscow last week by Iran's Oil
Minister Gholamreza Aqazadeh.
Gerasimov said no date had been set for the talks, which
would also study the possibility of Soviet technical assistance
for Iran's oil industry.
REUTER
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The American Soybean Association (ASA)
denounced European Community (EC) oilseed policies as illegal
under the General Agreement on Tariffs and Trade, and
threatened to make an unfair trade complaint if the EC does not
remedy the situation.
ASA Vice President James Adams told an ASA-sponsored
Outlook 87 conference: "It will be filed unless the EC takes
drastic and immediate steps."
"These subsidies are blatantly unfair and are GATT illegal,
since they were established after the zero soybean duty was
established in 1962," he said.
The ASA's unfair trade petition against the EC would ask
for an investigation and modification of EC oilseed policies to
make the regime non-discriminatory.
The EC in 1962 ruled all EC oilseed imports duty-free, in
an effort to fill its oilseed needs. But EC oilseeds production
has risen dramatically since then.
The EC now guarantees oilseed prices to farmers above world
market levels and is considering implementing a controversial
oils and fats tax.
The subsidies "are obvious attempts to circumvent the zero
duty binding and that makes U.S. Farmers mad as hell," Adams
said.
The ASA is confident the U.S. Congress will support its
trade complaint, Adams said. The ASA also strongly opposes an
EC proposal to tax vegetable and marine oils consumed in the
EC, which will be considered by the EC Commission in December.
U.S. Soybean world market share has declined 35 pct in
volume and 40 pct in value since 1982, primarily as a result of
EC policies, Adams added.
Lord Plumb, European Parliament President and a speaker at
the conference, said the EC expanded oilseed production in 1973
when the U.S. Halted overseas sales of soy products.
Reuter
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0,
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0,
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0,
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] |
The United States is prepared to "pull out
all the stops" to defend its agricultural trade rights under the
General Agreement on Tariffs and Trade (GATT), U.S. Ambassador
to GATT Michael Samuels said.
Those rights are now being challenged by the European
Community's (EC) agricultural support policies, he told a
conference sponsored by the American Soybean Association.
He reiterated Washington's firm intention to retaliate if
the EC goes ahead and bans imports of hormone-fed beef without
the issue being investigated by a GATT special committee.
The U.S. claims the EC directive, due to come into effect
on January 1, threatens to cut 100 mln dlrs worth of U.S. meat
shipments into the EC.
The U.S. also will oppose all EC efforts to impair U.S.
trade via the EC oilseeds regime, which supports EC oilseed
prices over the current market level and which may be extended
to include a hotly disputed oils and fats tax, Samuels said.
Reduction of trade-distorting world agricultural subsidies,
an aim of most key participants in GATT multilateral trade
negotiations, "is meaningless if import barriers continue to be
erected," Samuels said.
Samuels called the U.S. plan to eliminate world farm
subsidies by the year 2000, proposed at GATT in July, "visionary"
and "very serious." The EC and Japan have said it is
unrealistic.
The EC Commission this month announced its draft proposal
on farm trade reform, expected to be tabled at GATT formally
next week.
The EC scheme involves emergency measures to reduce
tensions in troubled surplus sectors of cereals and cereals
substitutes, dairy and sugar. It also calls for reduction of
farm subsidies.
The U.S. Is not opposed to short-term measures, as long as
they are directly linked to long-term commitments to end major
trade distortions, Samuels said.
Washington will review the EC proposal when it is formally
submitted and respond to it officially then.
"We will consider its relation to the Punta del Este
declaration to correct trade problems and expand market access,"
the U.S. Ambassador said.
The U.S. can say no to the EC proposal if the EC ignores
the U.S. plan when it tables its own proposal, he added.
The key difference between the two approaches is that the
U.S. wants farm subsidies eliminated, while the EC is pushing
only for a reduction in farm suppports, Samuels said.
If the EC farm budget were protected by a subsidy freeze,
there would be little incentive for the Community to work to
correct the international trade situation, he added.
Samuels cited the animal hormones complaint, the EC
oilseeds regime and an EC regulation concerning meat imports to
third countries as three crucial barriers to trade which the
U.S. wants to see resolved under the auspices of GATT.
Reuter
| [
0,
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0,
0,
0,
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] |
Shr 1.46 dlrs vs 1.41 dlrs
Net 277.5 mln vs 268.3 mln
Sales 2.13 billion vs 2.14 billion
Avg shrs 189.8 mln vs 189.8 mln
Nine mths
Shr 3.95 dlrs vs 3.78 dlrs
Net 750.5 mln vs 718.4 mln
Sales 6.28 billion vs 6.22 billion
Avg shrs 189.9 mln vs 190.2 mln
Reuter
| [
0,
0,
0,
1,
0,
0,
0,
0,
0,
0
] |
The United States warned Iran again
that it was ready to retaliate for any further hostile military
action in the Gulf as U.S. warships began escorting another
tanker convoy southward from Kuwait.
U.S. Defense Secretary Caspar Weinberger said the U.S.
sought no further Gulf hostitilies but was ready to deal with
any Iranian response to Monday's attack on an Iranian oil rig.
Several hours later, the Pentagon announced that U.S.
warships had begun escorting two U.S. flag Kuwaiti tankers --
the 80,000 ton product carrier Ocean City and 46,000 ton
liquified petroleum tanker Gas King -- southward from Kuwait.
The Defense Department said the 12th such convoy of U.S.
flagged Kuwaiti tankers through the Gulf began at 0230 EDT
under the escort by the U.S. guided missile frigate Ford. It
did not say what oth U.S. warships were in the area.
"It (the convoy) is now progressing uneventfully in the
central Gulf," the Pentagon statement said.
Asked on NBC's "Today" program if the United States was
prepared for a major war with Iran, Weinberger said, "Well we
are prepared I think for whatever eventualities emerge from
this situation but we don't look on it as a war."
REUTER
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] |
Guinness Plc <GUIN.L> said it has
completed the sale of subsidiaries <Martin CTN Group Plc> and
<Drummonds Pharmacy Group Plc>.
Total consideration was 232.6 mln stg, subject to
adjustment on final audit, which is expected to add 12 mln stg,
Guinness said.
Martins has been sold to <Panfida Ltd> an Australian
investment company, and Drummonds to <Macarthy Plc>.
Reuter
| [
1,
0,
0,
0,
0,
0,
0,
0,
0,
0
] |
Shr 42 cts vs 35 cts
Net 1,540,000 vs 1,289,000
Year
Shr 1.59 dlrs vs 63 cts
Net 5,849,000 vs 3,980,000
NOTE: 1987 year excludes 1,814,000 dlrs for tax credits.
1986 4th qtr and year excludes a gain of 995,000 dlrs and
2,928,000 dlrs, respectively, for tax credits. 1986 per share
amounts caclulted from April 15, 1986, to septebmer 30, the
date of bank's conversion to stock ownership.
Reuter
| [
0,
0,
0,
1,
0,
0,
0,
0,
0,
0
] |
U.S. Agriculture Secretary Richard
Lyng said the United States will continue its policy of
subsidizing farm exports to regain lost markets until there is
a global agreement to end such subsidies.
In an interview with Reuters, Lyng also acknowledged he was
troubled by the prospect that the export enhancement program
(EEP) could prove so indispensable to boosting U.S. exports
that the U.S. would have difficulty abandoning it.
"Yes, I'm troubled with that a little bit," he said. "There's
no question about it, the longer you feed the calf on the cow,
the longer it is to wean it."
In recent months, USDA has offered subsidies on a growing
list of commodities to an increasing number of countries.
Lyng called U.S. and European Community export subsidies
"just plain nonsensical as a long-term policy" and said he saw an
end to the expansion of the EEP.
"I'm sure there's an end to the expansion, but we are doing
this to accomplish our goal which is to regain the markets that
we've lost, to keep our products competitive and to let those,
particularly the European Community, who, we are convinced, are
the worst offenders in terms of the export subsidization, that
we are prepared to continue to do this until we can come to
some agreement to put an end to it," he said.
Reuter
| [
0,
0,
0,
0,
0,
0,
0,
0,
1,
0
] |
Shr 40 cts vs 23 cts
Net 1,173,859 vs 672,824
Revs 11.0 mln vs 9,857,707
Nine mths
Shr 1.03 dlrs vs 56 cts
Net 2,986,823 vs 1,637,559
Revs 31.5 mln vs 27.2 mln
Reuter
| [
0,
0,
0,
1,
0,
0,
0,
0,
0,
0
] |
Shr 30 cts vs 10 cts
Net 560,000 vs 177,000
Revs 9,700,000 vs 7,700,000
Avg shrs 1,877,203 vs 1,839,752
Nine mths
Shr 80 cts vs 28 cts
Net 1,480,000 vs 524,000
Revs 28.3 mln vs 22.8 mln
Avg shrs 1,854,478 vs 1,899,769
Reuter
| [
0,
0,
0,
1,
0,
0,
0,
0,
0,
0
] |
Shr 35 cts vs 32 cts
Net 3,033,000 vs 2,189,000
Revs 56.2 mln vs 31.9 mln
Avg shrs 8,649,000 vs 6,914,000
Six mths
Shr 63 cts vs 72 cts
Net 5,450,000 vs 4,966,000
Revs 108.6 mln vs 66.3 mln
Avg shrs 8,655,000 vs 6,912,000
Reuter
| [
0,
0,
0,
1,
0,
0,
0,
0,
0,
0
] |
The Soviet oil production target for 1988
has been set at 625 mln tonnes, a rise of eight mln tonnes over
this year's planned output.
Oil Minister Vasily Dinkov announced the figure on Tuesday
at the Supreme Soviet, the country's nominal parliament.
He said a new development strategy, fuller use of oil
deposits and better housing and pay for oilmen had allowed an
upsurge in the oil industry after three years of stagnation
which began in late 1983.
Last year the Soviet Union produced 615 mln tonnes of oil,
slightly short of the target of 616.7 mln.
January-September figures released at the weekend showed
Soviet oil output in the first nine months of this year at 467
mln tonnes. The 1987 target is 617 million.
Dinkov said the Soviet Union would develop 38 new oil
deposits in the coming year. He called for speedier geolog
prospecting across the country to spur the oil industry.
The Supreme Soviet convened on Monday to endorse the 1988
budget and plan. The session is expected to end on Tuesday.
REUTER
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