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12earn
whittaker corp wkr 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 from discontinued operations of dlrs company said common shares outstanding down significantly to reflecting retirement of about shares since start of restructurining in august dividend pay april record april reuter
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stop and shop cos inc shp 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 of mln dlrs or cts a share vs dlrs or two cts a share in quarter and mln dlrs or cts a share vs mln dlrs or cts a share from discontinued operations this includes provision in latest quarter of mln dlrs for closing of almys department store co operating net in latest quarter and year includes dlrs charge for restructuring announced in early january reuter
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jim walter corp jwc regular dividend qtly div cts vs cts in prior qtr payable april one record march reuter
0acq
diagnostic drs makes a bid for rospatch rpch diagnostic retrieval systems inc said it has made an offer to acquire through a wholly owned unit all outstanding shares of rospatch corp s common stock for dlrs a share cash or about mln dlrs drs a warfare systems producer said it would make the transaction through a cash tender offer for all but not less than pct of rospatch s outstanding common stock followed by a merger with rospatch a labels high technology and wood producer at the same purchase price per share drs said the deal is subject to approval by the rospatch board and the tender offer expires on march reuter
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whittaker wkr to have gains from sales whittaker corp said it will have a gain on the sale of discontinued businesses after any operating losses from the businesses up until the dates of disposition but it will defer reporting the gain until its restructuring program hsa been substantially completed the company said in the first quarter ended january m it completed the divestiture of its health maintenance organization operations to travelers corp tic sold its whittar steel strip operations to dofascoxinc and sold its equity investment in bertram trojan inc to an affiliate of investcorp the company said it has entered into definitive agreements to sell whittaker general medical corp bennes marrel sa of france and juster steel corp as well the company said to date it has received proceeds of about mln dlrs from divestitures and has used the funds to reduce debt incurred in the repurchase of its common shares whittaker today reported first quarter earnings from continuing operations fell to dlrs from dlrs a year before the year earlier figure excluded a dlr loss from discontinued operations reuter
0acq
the japan fund jpn gets buyout offer the japan fund inc said it has received an unsolicited offer from sterling grace capital management lp acting together with certain other persons and entities to purchase all the assets of the fund at five pct below its aggregate net asset value the japan find said tne deal is subject to obtaining satisfactory financing and a due diligence review it added that the proposal has been referred to its board of directors for consideration reuter
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samsung co calendar div won vs won net profit billion won vs billion sales billion vs billion note company has set sales target of billion won reuter
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daewoo corp calendar div won vs won net profit billion won vs billion sales billion won vs bilion note company has set sales target of billion reuter
0acq
corning to offer share for each hazleton share under earlier agreement
0acq
bank of new york bk to have gain on unit sale bank of new york co said it and the management of rmj securities corp have agreed to sell pct of their interests in rmj holding corp to british and commonwealth holdings plc and bank of new york expects to realize a substantial gain on the transaction rmj holding is the holding company for rmj securities a large broker of u s government securities and agency obligations bank of new york owns a majority interest in rmj holding and management of rmj securities the remainder bank of new york said the sale is expected to be completed during the second quarter it said it and rmj securities management will continue to own pct of rmj holding for now but the agreement provides for the sale of that remaining interest to british and commonwealth over the next six years reuter
0acq
corning glw hazleton hlc set excahnge ratio corning glass works said the exchange ratio for its previously announced acquisition of hazleton laboratories corp has been established at corning common share for each hazleton common share corning said the prospectus regarding the merger is expected to be mailed tomorrow to all hazleton holders of record february hazleton shareholders will vote on the proposed merger at a special meeting on march reuter
41retail
turkish retail prices rise pct in february turkish retail prices rose pct in february after pct in january and pct in february the state statistics institute said prices in the year to february rose pct compared with pct in the year to january and pct in the months to february the index base covering towns and five regions was in february in january and in february reuter
0acq
bally bly completes purchase of golden nugget bally manufacturing corp said it completed the acquisition of the golden nugget casino hotel in atlantic city new jersey from golden nugget inc bally also acquired from golden nugget various parcels of real estate in atlantic city it noted the transaction included mln dlrs in cash and stock and the assumption of a mln dlrs mortgage reuter
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warwick insurance managers inc wimi 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 in quarter and dlrs vs dlrs in year year net excludes dlr tax credit share adjusted for one for two reverse split in november reuter
23ipi
canada industrial prices up pct in month canada s industrial product price index rose pct in january after falling pct in each of the two previous months statistics canada said the rise was led by price gains for papers pharmaceuticals and petroleum and coal products price declines were recorded for meat products lumber and motor vehicles on a year over year basis the federal agency said the index fell pct in january the largest yearly decline on record reuter
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gelco corp nd qtr shr cts vs cts
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strober organization inc strb 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
10crude
shell canada cuts crude oil prices by up to canadian dlrs bbl effective march one
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brenco inc bren declares qtly dividend qtly div three cts vs three cts prior pay april six record march reuter
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massachusetts investors growth stock fund payout qtly div from income cts vs dlrs in prior qtr including capital gains of dlrs payable march record february reuter
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premdor 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
0acq
american nursery ansy buys florida nursery american nursery products inc said it purchased miami based heinl s nursery inc for undisclosed terms heinl s nursery has sales of about mln dlrs and owns acres of which are in shade houses and about square feet cover greenhouses shipping and office facilities reuter
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mfs managed sectors trust dividend increased semi annual div from income of cts vs cent in prior period payable march record february reuter
0acq
esselte business esb unit buys antonson unit esselte business systems inc s esselte meto division said it has acquired the antonson america co a subsidiary of antonson machines ab of sweden esselte said the antonson unit based in laporte indiana manufactures scales and label printers the company said the purchase is part of a plan to increase the range of retail electronic scales being offered by esselte in the u s it said the acquisition will enble esselte to increase its distribution base in its effort to grow in the u s reuter
0acq
four seasons buying marriott mhs hotel four seasons hotels inc and vms realty partners said they agreed to acquire the santa barbara biltmore hotel in california from marriott corp for undisclosed terms closing was expected by march they added the companies said they would jointly own the hotel and rename it the four seasons biltmore at santa barbara they said they would spend more than mln u s dlrs to enhance the biltmore s position as one of the finest resort hotels in north america chicago based vms realty is a real estate and development firm reuter
12earn
stone sto splits stock raises payout stone container corp said it is splitting its common stock for and increasing its dividend pct the dividend of cts a share an increase of five cts over the prior cts a share on pre split shares is payable june to holders of record may the stock split also is payable june to holders of record may reuter
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s k i ltd skii 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
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kapok corp kpk year sept loss shr loss cts vs profit cts net loss vs profit revs mln vs mln note prior year net includes gain on sale of property of dlrs reuter
10crude
study group urges increased u s oil reserves a study group said the united states should increase its strategic petroleum reserve to one mln barrels as one way to deal with the present and future impact of low oil prices on the domestic oil industry u s policy now is to raise the strategic reserve to mln barrels from its present mln to help protect the economy from an overseas embargo or a sharp price rise the aspen institute for humanistic studies a private group also called for new research for oil exploration and development techniques it predicted prices would remain at about dlrs a barrel for several years and then rise to the mid s with imports at about pct of u s consumption it said instead that such moves as increasing oil reserves and more exploration and development research would help to guard against or mitigate the risks of increased imports reuter
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k tron international inc ktii 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 in quarter and losses dlrs vs dlrs in year items include settlement of patent suit and provision for investment writeoff and item provision for loss on sale of scale business net both periods excludes dlr tax credit reuter
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presidential realty corp pdo annual net shr dlrs vs dlrs net vs rev mln vs mln note net gain from property investments dlrs or cts per share vs dlrs or cts per share reuter
0acq
redstone details sweetened viacom via offer investor sumner redstone who leads one of the two groups vying for control of viacom international inc offered to sweeten his bid for the company by dlrs a share cash and dlrs in securities in a filing with the securities and exchange commission redstone who controls dedham mass based national amusements inc a theater chain operator offered to raise the cash portion of its viacom offer to dlrs a share from dlrs redstone also raised the face value of the preferred stock he is offering to dlrs from six dlrs the redstone offer which is being made through arsenal holdings inc a national amusements subsidiary set up for that purpose which also give viacom shareholders one fifth of a share of arsenal common stock after the takeover viacom said earlier today it received revised takeover bids from redstone and mcv holdings inc a group led by viacom management which is competing with redstone for control of the company and already has a formal merger agreement with viacom the company did not disclose the details of the revised offers but said a special committee of its board would review them later today the redstone group which has a pct stake in viacom and the management group which has a pct stake have both agreed not to buy more shares of the company until a merger is completed unless the purchases are part of a tender offer for at least half of the outstanding stock the two rivals also signed confidentiality agreements which give them access to viacom s financial records provided they keep the information secret in his sec filing redstone who estimated his cost of completing the takeover at billion dlrs said bank of america is confident it can raise billion dlrs besides the financing it would raise through a bank syndicate bank of america has also agreed to provide a separate mln dlr for the limited purpose of partial financing and has committed to provide another mln dlrs redstone said merrill lynch pierce fenner and smith inc has increased its underwriting commitment to mln dlrs of subordinated financing debt for the viacom takeover from the mln dlrs it agreed to underwrite earlier redstone said redstone said his group would contribute more than mln dlrs in equity toward the takeover the redstone equity contribution to the takeover would consist of all of his group s viacom common shares and at least mln dlrs cash he said the new offer the second sweetened deal redstone has proposed in his month long bidding war with management also contains newly drawn up proposed merger documents he said last week the management group submitted what it called its last offer for the company valued at mln dlrs and consisting of dlrs a share cash preferred stock valued at eight dlrs a share and equity in the new company redstone s previous offer had been valued at billion dlrs reuter
0acq
montedison concludes talks with antibioticos montedison spa moni mi said it has concluded its negotiations with spanish pharmaceuticals company antibioticos sa a company spokesman told reuters we have concluded the talks and we are now awaiting authorization from spanish authorities he declined to comment further earlier today the italian company postponed a scheduled press conference on its talks with antibioticos an italian press report today said montedison has agreed to acquire antibioticos for billion lire reuter
0acq
utilicorp ucu completes acquisition utilicorp united inc said it completed the acquisition of west virginia power from dominion resources for about mln dlrs the sale was approved by the west virginia public service commission in january and became effective march one west virginia s management will continue to be responsible for operating the utility it said reuter
10crude
study group urges increased u s oil reserves a study group said the united states should increase its strategic petroleum reserve to one mln barrels as one way to deal with the present and future impact of low oil prices on the domestic oil industry u s policy now is to raise the strategic reserve to mln barrels from its present mln to help protect the economy from an overseas embargo or a sharp price rise the aspen institute for humanistic studies a private group also called for new research for oil exploration and development techniques it predicted prices would remain at about dlrs a barrel for several years and then rise to the mid s with imports at about pct of u s consumption the study cited two basic policy paths for the nation to protect the u s industry through an import fee or other such device or to accept the full economic benefits of cheap oil but the group did not strongly back either option saying there were benefits and drawbacks to both it said instead that such moves as increasing oil reserves and more exploration and development research would help to guard against or mitigate the risks of increased imports reuter
0acq
carbide uk looks to acquisitions for growth union carbide corp is looking to acquisitions and joint ventures to aid its chemicals and plastics growth according the h w lichtenberger president of chemicals and plastics describing this as a major departure in the company s approach to commercial development he told the annual new business forum of the commercial development association we are looking to acquisitions and joint ventures when they look like the fastest and most promising routes to the growth markets we ve identified not very long ago union carbide had the attitude that if we couldn t do it ourselves it wasn t worth doing or if it was worth doing we had to go it alone lichtenberger explained he said there are times when exploiting a profitable market is done best with a partner nor do we see any need to plow resources into a technology we may not have if we can link up profitably with someone who is already there he said carbide has extended its catalyst business that way and is now extending its specialty chemicals business in the same way reuter
0acq
corrected bankamerica negotiating sale of units bank of america nt and sa s bac n west german branch said it is negotiating the sale of bankhaus centrale credit ag a small local west german bank it acquired in and of its west german visa credit card operation michael seibel bank of america vice president and regional manager said the negotiations were proceeding well he declined to give further details bank of america s west german branch lost some mln marks in the result includes profit and loss transfers from bankhaus centrale credit and the visa organisation the sale of the units is part of the bank s worldwide restructuring plan reuter
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franklin gold fund cuts dividend semi div cts vs cts prior pay march record march two reuter
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franklin california tax free income fund payout mthly div cts vs cts prior pay march record march two reuter
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franklin age high income fund sets payout mthly div cts vs cts prior pay march record march two reuter
10crude
petro canada cut crude prices by canadian dlrs bbl effective march one
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franklin federal tax free income fund payout mthly div cts vs cts prior pay march record march two reuter
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franklin new york tax free income fund payout mthly div cts vs cts prior pay march record march two reuter
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franklin u s government securities fund payout mthly div six cts vs six cts prior pay march record march two reuter
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first mississippi corp frm sets payout qtly div six cts vs six cts prior pay april record march reuter
43ship
rotterdam port union and employers to meet dutch port and transport union fnv agreed to an employers request to reconvene abandoned peace talks tonight to try to end strikes that have disrupted rotterdam s general cargo sector for the past six weeks a union spokesman said talks broke down thursday when the union walked out after employers tabled their final offer to end the strikes which started january in protest at planned redundancies of from the sector s workforce starting with this year the employers invitation to restart the talks comes on the day a deadline set by minister of social affairs louw de graaf for a resolution of the dispute expires de graaf said if the dispute had not ended by today he would withdraw the mln guilder annual labour subsidy to the sector no comment was immediately available from the employers organization reuter
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jim walter corp jwc sets payout qtly div cts vs cts prior pay april one record march reuter
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japan s ntt forecasts profits fall in nippon telegraph and telephone corp ntt expects its profits to fall to billion yen in the year ending march from a projected billion this year the company said total sales for the same period are expected to rise to billion yen from a projected billion this year ntt said in a business operations plan submitted to the post and telecommunications ministry ntt said it plans to make capital investments of billion yen in including billion for research and development as against a total of billion this year reuter
24iron-steel
ec commission given plan to save steel industry european community steelmakers presented the executive commission with a controversial plan for the future of the industry which diplomats say it may be forced reluctantly to accept under the plan steel output would remain subject to restrictive quotas and imports would be firmly controlled for years to come while steel firms undertook a massive slimming down operation to adjust capacity to lower demand industry commissioner karl heinz narjes has proposed the ending of the quota system by december he has proposed a return to the free market which under ec law is supposed to exist except in times of manifest crisis but diplomats said some ministers who meet to discuss this idea on march will argue that steel firms are in crisis in their countries with orders falling as customers switch to alternative products and accounts firmly in the red ministers from the ec s major steel producing countries are likely to shy away from narjes proposals and could back the industry s own plan instead in the hope of minimising the political impact of plant closures they said industry sources said the plan presented to narjes by the ec steelmakers lobby group eurofer would retain the quota production system at least until the end of eurofer said in a statement consultants working for it identified scope for closing plants on a voluntary basis to reduce capacity by mln tonnes a year cuts were still insufficient in one production area that of hot rolled coils and further talks were needed eurofer added the industry would need the support of the commission and governments in carrying out a closure program particularly with social costs such as redundancy payments the ec steel industry has already shed jobs this decade while reducing annual capacity by mln tonnes reuter
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duro test corp dur 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
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franklin utilities fund sets payout qtly div cts vs cts prior pay march record march two reuter
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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 cs net vs revs mln vs mln avg shrs mln vs mln note fiscal second quarter and first half earnings include a gain of mln dlrs and exclude preferred dividend requirements of five mln dlrs in the quarter and mln dlrs in the first half fiscal net reduced by currency losses equal to six cts a share in the second quarter and equal to nine cts in the six months reuter
12earn
internchange financial services isbj payout up qtly div cts vs cts prior pay april record march note interchange financial services corp reuter
0acq
kapok corp kpk in technical default kapok corp said it is in techical default of its loans from southeast banking corp stb and murray steinfeld but is negotiating with the lenders it said neither has declared the loans due the company said it has agreed to sell the peter pan restaurant in urbana md for dlrs or one mln dlrs after the payment of expenses reuter
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newport corp nesp 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
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kapok corp kpk st qtr dec loss shr loss cts vs loss cts net loss vs loss revs vs avg shrs vs reuter
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preferred healthcare ltd phcc th qtr net shr six cts vs four cts net vs revs vs mths shr cts vs cts net vs revs vs reuter
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tranzonic cos tnz sets quarterly qtly div cts vs cts prior pay april record march reuter
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cronus industries inc crns 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 from discontinued operations of vs for qtr and mln vs for year excludes extraordinary charge of for current qtr and for year reuter
12earn
mercury entertainment corp mcry year nov shr loss four cts vs loss one ct net loss vs loss revs vs reuter
12earn
benguet corp be 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 of consolidated earnings reuter
10crude
unocal ucl unit cuts crude oil posted prices unocal corp s union oil co said it lowered its posted prices for crude oil one to dlrs a barrel in the eastern region of the u s effective feb union said a dlrs cut brings its posted price for the u s benchmark grade west texas intermediate to dlrs louisiana sweet also was lowered dlrs to dlrs the company said no changes were made in union s posted prices for west coast grades of crude oil the company said reuter
34nat-gas
panhandle s pel trunkline reduces gas rates panhandle eastern corp s trunkline gas co pipeline subsidiary said it is reducing the commodity component of its wholesale natural gas rate four pct effective immediately in a filing with the federal energy regulatory commission trunkline said it is reducing its commodity rate the portion of the total rate based on the price of gas to dlrs per mln btu from dlrs per mln btu the company said the lower rate results from a reduction in the average price the pipeline is paying for gas adding this reflects contract reformation agreemats with producers reuter
0acq
investor group has talks with pesch on ami ami wedge group inc a houston investment firm with a pct stake in american medical international inc said it has had talks with pesch and co which is seeking control of the company in a filing with the securities and exchange commission wedge which is owned by issam fares a lebanese citizen living in switzerland also said it discussed the possibility of joining with others in its own bid to seek control of ami wedge stressed that it has no current plans to seek control of ami but refused to rule out a takeover try in the future wedge said it has had discussions with ami management pesch the closely held health care and investment concern controlled by chicago physician leroy pesch and other ami shareholders it did not specify in its sec filing which issues selling its ami stake or joining with others in a takeover try were discussed with which group but it said the talks did not produce any agreements or understandings wedge said it believes that some form of restructuring of ami and its business would be highly desirable and appropriate at this time wedge which holds mln shares of ami common stock said it plans to hold further talks with company management pesch and other shareholders pesch last week sweetened his bid for the company to dlrs a share in cash and securties or billion dlrs based on ami s total outstanding from an all cash dlr a share bid which the company rejected reuter
12earn
i m s international inc imsi sets quarterly qtly div four cts vs four cts prior pay march record march reuter
0acq
banner bnr completes tender for rexnord rex banner industries inc said mln of the outstanding mln shares in rexnord inc were tendered pursuant to its dlr a share offer that closed at midnight est feb together with the five mln rexnard shares it already owns the company said it now holds a pct stake in the company it said the completion of the deal is subject to approval by rexnard holders and to other closing conditions it expects the deal to close in about days reuter
12earn
mutual of omaha interest shares muo qtly div qtly div cts vs cts prior pay april one record march reuter
0acq
corrected bankamerica negotiating units sale bank of america nt and sa s bac n west german branch said it is negotiating the sale of bankhaus centrale credit ag a small local west german bank it acquired in and of its west german visa credit card operation michael seibel bank of america vice president and regional manager said the negotiations were proceeding well he declined to give further details bank of america s west german branch lost some mln marks in the result includes profit and loss transfers from bankhaus centrale credit and the visa organisation the sale of the units is part of the bank s worldwide restructuring plan corrects year of loss in third paragraph in item which originally ran february reuter
0acq
osr osrc to make acquisition osr corp said it has agreed to acquire the properties and assets of telcom international group for mln common shares which would give former telcom owners an pct interest in the combined company telcom is an international film and television distributor the assets being acquired consist mostly of distribution rights to films valued at over one mln dlrs the company said osr said as part of the acquisition agreement is is required to sell its pct interest in standard knickerbocker ltd which makes jeans in canada osr said it expects to net about dlrs on the sale of standard knickerbocker the company said both transactions are subject to approval by shareholders at a meeting to be held in april or may it said reuter
12earn
mercury entertainment mcry sees better results mercury entertainment corp said it expects improved results in the company today reported a loss for the year ended november of dlrs on revenues of dlrs compared with a loss of dlrs on revenues of dlrs a year before reuter
0acq
cronus industries inc crns sells unit cronus industries inc said it agreed to sell its heat transfer equipment business southwestern engineering co for a slight premium over book value plus a release of cronus from liability on approximately three mln dlrs of subsidiary indebtedness the company said the sale to a subsidiary of senior engineering group plc a british company will take place this month reuter
12earn
unisys corp uis sets quarterly qtly div cts vs cts prior pay may seven record april seven reuter
12earn
jacobson jcbs votes split increases payout jacobson stores inc said its board voted a three for two stock split payble march record march in other action jacobson s directors approved an increase in its quarterly dividend to cts on a post split basis payable april record march the new dividend rate represents a pct increase over the cts paid quarterly on a pre split basis reuter
12earn
harley davidson inc hdi 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 of or four cts and or cts for qtr and year vs gains of or dlrs and or dlrs for prior periods reuter
0acq
hoechst ag completes celanese cz acquisition hoechst ag of west germany said it has completed the acquisition of celanese corp hoechst acquired a majority of celanese shares in a recent tender offer at dlrs per common share reuter
0acq
americus trust hpu extends deadline americus trust for american home products shares said it extended its deadline for accepting tendered shares until november an extension of nine months the trust which will accept up to mln shares of american home products ahp said it has already received tenders for about four mln shares the trust is managed by alex brown and sons inc absb and was formed november reuter
12earn
morse shoe inc mrs th qtr net shr cts vs cts net vs revs mln vs mln mths shr dlrs vs dlrs net vs revs mln vs reuter
5coffee
ico quota talks continue outcome hard to gauge talks at the extended special meeting of the international coffee organization ico on the reintroduction of export quotas continued but chances of success were still almost impossible to gauge delegates said producer delegates were meeting to examine a colombian proposal to resume historical quotas from april to september with a promise to define specific new criteria by which a new quota system would be calculated in september for the new crop year they said opinions among delegates over the potential for reaching a quota agreement varied widely some consumers said the mood of the meeting seemed slightly more optimistic but brazil s unwillingness to concede any of its traditional pct of its export market share looks likely to preclude any accord other delegates said no fresh proposals other than the colombian initiative had been tabled formally today delegates said a full council meeting was set for hours for a progress report delegates said reuter
43ship
versatile to build polar ice breaker versatile corp s shipbuilding subsidiary has a letter of intent to build a mln dlr polar icebreaker for the canadian coast guard transport minister john crosbie said in a vancouver address crosbie said versatile pacific shipyards inc was the low bidder to build the arctic class icebreaker but the company must meet certain financial and engineering conditions before the contract is awarded the government also announced it will provide up to mln dlrs in loan insurance to help versatile prepare for the construction of the vessel said before the contract can be awarded versatile will be required to offer assurances that the shipyard is technically and financially capable of performing the work crosibie said versatile s bid was mln dlrs lower than competing bidders and will generate person years of direct employment work on the vessel which crosbie said would be the most powerful icebreaker in the world would begin next year and completed in the government announced plans to build the icebreaker last year following the controversial passage of the u s coast guard s vessel the polar sea through the disputed northwest passage the u s government did not seek permission for the journey claiming the area was an international water way the government said the icebreaker was needed to back up the country s claim of sovereignty in the arctic reuter
0acq
pantry inc inb talks on being acquired privately held pantry inc which operates convenience stores in five southeastern states said it has engaged alex brown and sons inc absb to explore a possbile sale of the company it said it expects to start talks with prospective acquirers shortly the company said it has been approached by a number of parties in recent months reuter
12earn
congress video group inc cvgi 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 from discontinued operations of master s merchandise group in year prior reuter
0acq
renouf corp to proceed with benequity bh bid renouf corp of new zealand said it has decided to proceed with its offer for all outstanding units of benequity holdings at dlrs per unit the company had been required to redice by march two whether to proceed with the offer or terminate it based on its ability to obtain financing and on its review of benequity operations the offer is to expire march reuter
45sugar
cuba tells traders sugar exports may be delayed cuba has told international sugar operators who have bought its sugar for shipment in march that these contracts will take second place to cuba s direct shipments to its export markets dealers here said some traders who have received telexes from cuba said the language of the message was not totally clear and some believed shipments would be honoured if the traders declare the soviet union as the destination of their contracts the telexes have fueled rising world prices in the last week and reflect a poor cuban crop worry over brazil s export availability and increasing soviet demand analysts said traders said signs of cuba s shortage of immediately available raw sugar to supply its traditional martkets was probably the factor behind syria calling a snap buying tender last month normally syria calls white sugar buying tenders for forward delivery and last month s spot requirement resulted in the sale of several cargoes cuba in its telex told operators they would not receive march shipments as cuba has to meet its contracts to export markets traders said reuter
42rubber
goodrich gr to phase out some businesses b f goodrich co said it will phase out the production of aircraft tires missile and marine products and molded rubber products in akron ohio by the end of laying off about salaried production maintenance and support services employees the company said layoffs will start within the next few weeks goodrich said it will continue to make chemicals and adhesives in akron employing about another salaried employees in akron work for goodrich the company said it has not been able to operate the businesses being discontinued in akron profitably enough to justify the large investment that it has in them goodrich said it will continue to make aircraft tires at norwood n c and sonar domes at jacksonville fla and will relocate its molded rubber products business to a site not yet chosen it said it will stop making insulators for missiles goodrich said it is prepared to discuss with officials of the united rubber workers union severance benefits for affected employees and issues related to the continued operation in akron of the chemical and adhesives businesses and to the phaseout of the akron aircraft tire missile and marine and molded rubber products manufacturing a company spokesman said it does not expect any adverse impact on earnings from the move reuter
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thunander corp thdr year net shr cts vs cts net vs sales mln vs mln note results include operations of bmd of new england inc acquired sept reuter
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final trust for thrift institutions payout set massachusetts financial services co said it has set the final income and capital gain distributions for trust for thrift institutions high yield series of dlrs and dlrs respectively payable today reuter
47tin
rpt u s says tin disposals will not affect accord u s tin disposals should have little effect on an agreement reached last weekend by tin producing countries to limit group exports to tonnes in the year started march a government official said the agreement by the seven member association of tin producing countries atpc aimed to cut the world surplus and boost prices following the accord atpc chairman subroto appealed to the united states to restrict its tin releases from its strategic stockpile we don t think that the u s government has a large influence in the tin market at this stage of the game said thomas o donnell director of international commodities at the state department last year the united states released about tonnes of tin to two ferroalloy firms reuter
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rospatch to respond to diagnostic bid
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franklin insured tax free sets payout mthly div cts vs cts prior pay march record march note franklin insured tax free income fund reuter
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franklin minnesota insured sets payout mthly div cts vs cts prior pay march record march note franklin minneosta insured tax free income fund reuter
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franklin michigan insured sets payout mthly div cts vs cts prior pay march record march note franklin michigan insured tax free income fund reuter
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franklin massachusetts insured cuts payout mthly div cts vs cts prior pay march record march note franklin massachusetts insured tax free income fund reuter
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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
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diagnostic products dpcz sees earnings growth diagnostic products corp president and chief executive officer sigi ziering said he expects to maintain the same compound average annal net income growth in as the company has for the past five years we expect the same performance in net income over the next five years as we have had in the past ziering said over the past five years ziering said the company has had average compound net income growth of pct annually with a pct per year growth in earnings per share for the company had net income of mln dlrs or dlrs per share vs mln dlrs or cts per share in diagnostic manufactures medical immunological diagnostic test kits ziering said he expects the earnings growth to result from positive effect of the weaker dollar on the company s exports sales as well as accelerated market penetration ziering said he expected the food and drug administration to approve three more of its drug abuse test kits by the end of the year which depending on approval should also help earnings growth ziering said as a result of the new tax laws he expected the company s taxes to decrease by five pct to pct of net income in reuter
16gold
currencies could influence bullion again montagu currency fluctuations may reassert their influence on the bullion market in the near future bullion bankers samuel montagu and co ltd said in a market report but the firm said silver may lag behind gold in any reactions to movements on foreign exchanges opec s failure to address the recent decline in oil prices remains a worrying factor however and on balance it appears that the market should be approached cautiously montagu said the bank said the us economy has shown no noticeable long term improvement and that both latin american debt and the iranian arms affair could undermine confidence in the dollar reuter
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dunkin donuts inc dunk st qtr jan net shr cts vs cts net vs revs mln vs mln reuter
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ccr video corp cccr st qtr nov net shr profit two cts vs loss cts net profit vs loss revs vs reuter
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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
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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
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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