date timestamp[ns]date 1987-02-26 15:01:01 1987-10-20 22:53:17 | topics listlengths 0 16 | places listlengths 0 23 | people listlengths 0 18 | organizations listlengths 0 24 | exchanges listlengths 0 3 | title stringlengths 0 59 | text stringlengths 50 2k | keyword stringclasses 7 values | domain stringclasses 23 values | type stringclasses 6 values | quality stringclasses 3 values | geographic_information dict | identities listlengths 0 8 | title_embedding listlengths 768 768 | text_embedding listlengths 768 768 |
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1987-03-16T13:21:59.810000 | [
"earn"
] | [
"usa"
] | [] | [
"cts"
] | [] | Kenan transport co sets quarterly | Qtly div four cts vs four cts prior
pay april 15
record march 31
reuter | company-deals | computers-and-electronics | boilerplate-content | low | {
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1987-03-16T13:22:54.190000 | [] | [
"usa",
"montrose"
] | [] | [
"rapholz-silver-inc"
] | [] | to study mine water project | Rapholz silver inc said , montrose, colo., will conduct a study
on using water discharge from rapholz's carbonero's mine to
produce hydroelectric power.
r and m will also seek to obtain a federal energy
regulatory commission license for construction of a
hydroelectricity plant at the mine, rapholz said.
the company added, however, that it will not use its own
capital to build the plant. if the study shows construction is
feasible, it said it will try to form a joint venture with
firms experienced in the hydroelectricity business.
reuter | financial-markets | business-and-industrial | news | low | {
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1987-03-16T13:24:02.790000 | [] | [
"usa",
"u.s."
] | [] | [
"shearson-lehman-brothers-inc",
"american-express-co's",
"co-inc",
"morgan-stanley-group-inc",
"merrill-lynch",
"first-boston-inc",
"salomon-inc"
] | [] | Conrail says offering could be made next week | said the
initial offering of its common stock could be made as early as
next week at an estimated price of 26 to 29 dlrs per share.
the u.s. government has proposed the sale of 52 mln conrail
shares in the u.s. and 6,750,000 overseas under the conrail
privatization act, which was enacted in october.
lead underwriters are , first boston
inc , merrill lynch and co inc , morgan stanley group
inc salomon inc and american express co's
shearson lehman brothers inc.
reuter | payment-notices | finance | news | low | {
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1987-03-16T13:25:05.070000 | [] | [
"usa",
"nevada"
] | [] | [
"foreland-corp"
] | [] | Forland in drilling pact | Foreland corp said it signed an
agreement to fund drilling for three test wells on its
exploration sites in nevada.
it said an additional test is called for under "specified
circumstances," and said its drilling participant will bear all
costs, estimated to exeed five mln dlrs, for the four initial
test wells.
reuter | financial-markets | business-and-industrial | news | medium | {
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1987-03-16T13:26:33.910000 | [] | [
"usa"
] | [
"michael-sigman",
"james-c.-patridge",
"g."
] | [
"sigman",
"worthen-banking-corp",
"worthen-bank"
] | [] | Worthen banking unit head quits | Worthen banking corp said g.
michael sigman has resigned as president and chief executive
officer of its first national bank of hot springs subsidiary to
pursue other business interests.
it said james c. patridge, executive vice president of its
worthen bank and trust co subsidiary, will act as sigman's
replacement on an interim basis until a successor is found.
reuter | payment-notices | news | news | medium | {
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1987-03-16T13:27:25.920000 | [] | [
"canada",
"alberta"
] | [] | [
"westcoast-petroleum-ltd"
] | [] | Onyx petroleum converts debentures to common | , earlier reporting a 1986 net loss against year-ago
profit, said it converted 7,344,000 dlrs of its 11 pct
convertible debentures into 2,824,611 common shares.
the conversion eliminates its obligation to pay principal
amount due 1993 on the debentures and will increase cash flow
through an interest saving of more than 800,000 dlrs a year,
the company said.
onyx earlier reported a 1986 net loss of 10.6 mln dlrs,
after a 10.3 mln dlr writedown on oil and gas property values,
compared to a 1.3 mln dlr profit in the prior year.
onyx also said the company is a 37.5 pct partner with
westcoast petroleum ltd in a new oil well drilled in
otter/ogston area of central alberta that tested at rates of
more than 1,000 barrels a day from the granite wash formation.
well production will be royalty free for five years, with
initial allowable rates expected to be in the range of 150
barrels a day, the company said.
reuter | payment-notices | news | news | medium | {
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1987-03-16T13:28:48.060000 | [
"crude",
"ship"
] | [
"uk",
"south-korea"
] | [
"gotaas-larsen-shipping-corp"
] | [] | [] | Gotaas-larsen to build fifth carrier | Gotaas-larsen shipping corp
said it had exercised an option to build a fifth in a series of
crude oil carriers to be constructed by in south korea.
reuter | financial-markets | business-and-industrial | news | medium | {
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1987-03-16T13:33:02.380000 | [
"bop"
] | [
"denmark"
] | [
"palle-simonsen"
] | [
"p",
"standard-&-poor's"
] | [] | Danish credit downgrading not dramatic - minister | Finance minister palle simonsen said
today's downgrading of denmark's credit rating by standard and
poor's corp should not be over-dramatised.
standard and poor's said it had downgraded the kingdom of
denmark's long-term external debt to aa from aa-plus, following
the country's loss of the top aaa rating in january 1983.
"this change is regrettable but there is no reason to
dramatise. this is a change of nuance. standard and poor's
defines the aa category as only slightly different from the top
aaa rating," simonsen said in a statement.
"the direct effect of the lower rating on our borrowing
capability is unlikely to be very great. but if, against
expectation, we fail to reduce permanently the external account
deficit... this will inevitably affect borrowing terms and
capability," he added.
"standard & poor's has noted that in 1986 there was a series
of austerity measures designed particularly to cut lending and
encourage saving. tax reforms have also gone into effect.
"if and when it becomes necessary, the government will be
ready to take any necessary economic and political initiatives
as it has in the past," simonsen said.
standard and poor's said weaker international
competitiveness in the face of rising labour costs would mean a
deteriorating current account balance and a rise in external
debt.
the external current account deficit rose to a record
preliminary 34.5 billion crowns in 1986 from 29.1 billion in
1985, bringing total foreign debt to 265 billion crowns,
according to government statistics.
government economists forecast that the external current
account deficit will fall to 19 billion crowns this year.
denmark's net foreign debt rose to 129 pct of total exports
in 1986 from 83 pct in 1983, s and p said.
reuter | policy-news | news | news | medium | {
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1987-03-16T13:33:25.170000 | [
"earn"
] | [
"usa"
] | [] | [] | [] | Magnetic technologies corp 1st half net | Jan 31 end
shr not given
net profit 105,013 vs loss 745,641
sales 3,661,565 vs 2,810,132
reuter | company-deals | news | news | low | {
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1987-03-16T13:33:36.080000 | [
"earn"
] | [
"usa"
] | [] | [
"cts"
] | [] | Gencorp 1st qtr feb 28 net | Shr 77 cts vs 84 cts
net 17 mln vs 19 mln
sales 650 mln vs 614 mln
reuter | company-deals | news | news | low | {
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1987-03-16T13:37:13.640000 | [] | [
"canada"
] | [] | [
"wood-gundy-inc",
"helwig-group-inc",
"dean-witter-reynolds-(canada)-inc",
"treasury"
] | [] | Markel subsidiary sets initial share issue | said
subsidiary morden and helwig group inc filed a preliminary
prospectus for a proposed initial share offering in canada by
way of treasury issue and secondary offering of subordinate
voting shares.
markel did not elaborate on financial terms of the issue.
morden, an independent insurance services company, expects
to use proceeds primarily for business acquisition and
expansion in the insurance services industry in canada and
possibly overseas. underwriters are wood gundy inc and dean
witter reynolds (canada) inc.
reuter | payment-notices | news | news | medium | {
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} | [] | [
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1987-03-16T13:37:54.890000 | [
"gold"
] | [
"usa",
"toronto",
"south-carolina"
] | [] | [
"galactic-resources-ltd-of",
"ridgeway",
"ridgeway-mining-co",
"bp"
] | [] | Bp unit sees u.s. gold mine proceeding | British petroleum co plc said based on
a feasibility report from ridgeway mining co, its joint venture
ridgeway project in south carolina could start commercial gold
production by mid-1988.
the company said the mine would produce approximately
158,000 ounces of gold per year over the first four full years
of operation from 1989 through 1992 and at an average 133,000
ounces a year over the full projected 11 year life of the mine.
bp's partner is galactic resources ltd of toronto.
bp said subject to receipt of all statutory permits,
finalization of financing arrangements and management and joint
venture review, construction of a 15,000 short ton per day
processing facility can start. capital costs to bring the mine
into production are estimated at 76 mln dlrs.
reuter | business-news | business-and-industrial | news | medium | {
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} | [
"british"
] | [
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1987-03-16T13:41:16.440000 | [
"acq"
] | [
"usa",
"canada",
"toronto"
] | [] | [
"safety-kleen-corp"
] | [] | Safety-kleen to buy stake in oil refiner | Safety-kleen corp said it has
tentatively agreed to buy an 80 pct stake in breslube
enterprises of toronto for 14 mln dlrs in stock, cash and
equipment.
price includes 14 mln dlrs of safety-kleen common stock,
cash and a rerefining plant owned by safety-kleen. closing of
the deal is expected by may.
breslube is a leading rerefiner of used lubricating oils in
north america, collecting used oils from auto garages, car
dealers and other businesses. in 1986 it refined 20 mln gallons
of used oil.
reuter | payment-notices | business-and-industrial | news | medium | {
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} | [] | [
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1987-03-16T13:41:32.370000 | [] | [
"canada"
] | [] | [
"mcleod-young-weir-ltd.",
"fry-ltd"
] | [] | Loblaw cos to sell 75 mln dlrs of debentures | said it agreed to sell
75 mln dlrs of 10 pct debentures, series 8, due april 15, 2007,
to investment dealers burns fry ltd and mcleod young weir ltd.
loblaw said it plans to file a preliminary prospectus
relating to the issue in all provinces of canada.
proceeds will be added to general funds and used to finance
capital expenditures in 1987, the company said.
reuter | payment-notices | news | news | medium | {
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} | [] | [
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1987-03-16T13:43:54.100000 | [
"trade"
] | [
"usa",
"the-united-states",
"u.s."
] | [
"dan-rostenkowski",
"reagan",
"r-mi."
] | [] | [] | Trade interests ready for battle in u.s. house | U.s. lawmakers are gearing up for a
showdown between protectionists and free traders as a major
trade bill winds its way through committees to a vote by the
full house of representatives in late april.
in a move to toughen u.s. enforcement of trade laws, a key
house subcommittee last week approved a toned-down version of
legislation to require president reagan to retaliate against
foreign countries that follow unfair trade practices.
the bill will be the cornerstone of congressional efforts
to restore competitiveness of american industries and turn
around last year's record 169 billion dlrs trade deficit.
generally, the bill's provisions toughen u.s. enforcement
of trade laws.
the trade bill forces the administration to act rapidly on
complaints of unfair trade practices, such as dumping products
in the united states at prices below cost of production. it
also forces the administration to act rapidly when an industry
complains that a surge in imports threatens its existence.
in writing the bill, the subcommittee rejected calls for
trade relief for specific industries such as textiles.
several lawmakers have argued the new trade bill made too
many concessions to reagan and said they intend to back
amendments to "get tough" with countries that violate trade
agreements or keep out u.s. products.
but congressmen known for their allegiance to free trade
said the bill ties reagan's hands too much in trade disputes
and they will seek to restore his negotiating powers.
bill frenzel, r-mi., said the subcommittee's bill was not
one "that a free trader like me could endorse in all respects,"
but he emphasized there was a consensus among lawmakers to work
toward a bill reagan and republicans would ultimately endorse.
the goal of trade legislation was "to make our trade policy
stronger without violating our international trade agreements,"
he said.
in a key concession made at the urging of ways and means
committee chairman dan rostenkowski | policy-news | news | news | medium | {
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} | [
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1987-03-16T13:44:27.530000 | [] | [
"usa",
"golden-valley"
] | [] | [] | [] | Golden valley to register secondary offer | Golden valley microwave foods inc
said it will file a registration statement with the securities
and exchange commission for a secondary public offering of
700,000 shares held by company shareholders.
these shares are substantially all of the shares which,
under an agreement between the selling holders and the company,
are permitted to be sold by the original shareholders without
company consent during the two-year period ending september 16,
1988, it said.
the shares will be marketed to the public in late april
through underwriters, it said.
reuter | payment-notices | news | news | medium | {
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1987-03-16T13:44:52.430000 | [
"earn"
] | [
"usa"
] | [] | [
"magnetic-technologies-corp"
] | [] | Magnetic technologies sees improvement | Magnetic technologies corp said
it expects the second half to show continued growth in earnings
and sales.
the company today reported a profit for the first half
ended january 31 of 105,013 dlrs, compared with a year-earlier
loss of 745,641 dlrs, on sales of 3,661,565 dlrs, up from
2,810,132 dlrs. in all of last year, magnetic earned 996,000
dlrs after a loss from discontinued operations of 359,000 dlrs,
on sales of 6,084,000 dlrs.
reuter | earnings-reports | news | news | low | {
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1987-03-16T13:47:00.900000 | [
"gold"
] | [
"canada"
] | [
"levon"
] | [
"levon-resources",
"levon-resources-ltd",
"congress",
"british-columbia"
] | [] | Levon resources reports improved gold assays | Levon resources ltd
said re-checked gold assays from the howard tunnel on its
congress, british columbia property yielded higher gold grades
than those reported in january and february.
it said assays from zone one averaged 0.809 ounces of gold
a ton. levon previously reported the zone averaged 0.226 ounces
of gold a ton. levon said re-checked assays from zone two
averaged 0.693 ounces of gold a ton.
levon resources said the revised zone two assays compared
to previously reported averages of 0.545 ounces of gold a ton.
the company also said it intersected another vein 90 feet
west of zone two, which assayed 0.531 ounces of gold a ton.
reuter | business-news | business-and-industrial | news | medium | {
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1987-03-16T13:47:26.450000 | [
"earn"
] | [
"usa"
] | [] | [
"cts"
] | [] | Welbilt corp 4th qtr net | Shr 58 cts vs 54 cts
net 3,144,000 vs 2,464,000
revs 54.6 mln vs 38.6 mln
avg shrs 5,394,000 vs 4,602,000
year
shr 2.03 dlrs vs 1.76 dlrs
net 10.5 mln vs 8,084,000
revs 201.1 mln vs 152.4 mln
avg shrs 5,154,000 vs 4,602,000
reuter | company-deals | news | boilerplate-content | low | {
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} | [] | [
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1987-03-16T13:47:40.770000 | [
"earn"
] | [
"usa"
] | [] | [
"cts",
"oper"
] | [] | Satellite music network inc year net | Oper shr four cts vs three cts
oper net 340,036 vs 223,297
revs 11.1 mln vs 9,514,115
avg shrs 8,926,909 vs 7,672,146
note: net excludes tax credits of 252,160 dlrs vs 152,717
dlrs.
reuter | company-deals | finance | boilerplate-content | low | {
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1987-03-16T13:48:34.480000 | [
"gold"
] | [
"saskatchewan",
"canada"
] | [] | [
"cts",
"the-toronto-stock-exchange",
"starrex-mining"
] | [] | Starrex links share price to assay speculation | said a sharp
rise in its share price is based on speculation for favorable
results from its current underground diamond drilling program
at its 35 pct owned star lake gold mine in northern
saskatchewan.
starrex mining shares rose 40 cts to 4.75 dlrs in trading
on the toronto stock exchange.
the company said drilling results from the program which
started in late february are encouraging, "but it is too soon
for conclusions." starrex did not disclose check assay results
from the exploration program.
reuter | payment-notices | business-and-industrial | news | medium | {
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} | [] | [
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1987-03-16T13:50:40.140000 | [] | [
"usa"
] | [
"everett-f.-jefferson",
"roger-w.-houmes"
] | [
"marriott-corp's",
"jefferson"
] | [] | International king's names president | International king's table inc
said it named everett f. jefferson president and chief
operating officer.
the company said jefferson was previously president and
chief operating officer of marriott corp's straw hat
pizza unit.
it said he assumes the positions from roger w. houmes, who
will continue as chairman and chief executive officer of the
company, which operates a chain of 82 restaurants in the west.
reuter | financial-markets | news | news | medium | {
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0.0562006384,
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0.059261824... |
1987-03-16T13:53:14.030000 | [
"trade",
"coffee"
] | [
"addis-ababa",
"brazil",
"havana",
"ethiopia"
] | [
"dinka"
] | [
"adebayo-adedeji",
"u.n"
] | [] | Ethiopia minister sees africa debt payment problem | Africa may have to follow brazil in
halting foreign debt payments unless industrialised nations are
prepared to be more flexible in trade and economic policy,
ethiopian trade minister tesfay dinka said.
growing protectionism and declining commodity prices had
caused a major deterioration in the export earnings of all
developing countries, he said in an opening speech to a meeting
of african trade ministers in addis ababa.
unless there was an early improvement in developing
countries' terms of trade "the only choice is to follow the
route that brazil appears to have taken," tesfay said.
the two-day meeting of delegates from 50 african states was
called to work out a consensus ahead of the group of 77
ministerial meeting in havana next month, when the developing
countries will debate their strategy in economic negotiations
with the west.
tesfay accused the west of intransigence in the negotiation
of recent commodity agreements.
the failure of the international coffee organisation to
agree on the reintroduction of export quotas would mean "several
african countries will not have the foreign exchange to import
essential items," he said.
coffee accounts for 60 pct of ethiopian exports and the
recent fall in world coffee prices has sharply reduced the
country's foreign exchange earnings.
adebayo adedeji, the executive secretary of the u.n.
economic commission for africa, told the meeting that there was
an increasing net outflow of resources from africa.
he blamed this on high interest rates, debt servicing and
the repatriation of profits by foreign investors.
africa paid 13 billion dlrs to service its total foreign
debt last year and by 1990 annual service payments are expected
to rise to between 16 and 24 billion, adedeji said.
he accused industrialised countries of failing to provide
more resources to implement the u.n. program for africa's
economic recovery and development, despite africa's willingness
to raise two thirds of the c | policy-news | news | news | medium | {
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1987-03-16T13:56:12.030000 | [
"earn"
] | [
"usa"
] | [] | [
"cts",
"oper"
] | [] | Wilson foods corp 2nd qtr jan 31 net | Oper shr profit 21 cts vs loss 55 cts
oper net profit 1,528,000 vs loss 3,296,000
sales 329.4 mln vs 368.0 mln
1st half
oper shr profit 28 cts vs loss 4.55 dlrs
oper net profit 2,026,000 vs loss 27.3 mln
sales 691.3 mln vs 738.2 mln
note: prior half net includes pretax charge 21.4 mln dlrs
from plant closings and workforce reductions.
current year net excludes tax credits of 1,381,000 dlrs in
quarter and 1,722,000 dlrs in half.
reuter | company-deals | news | boilerplate-content | low | {
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1987-03-16T13:57:02.540000 | [] | [
"turkey",
"ankara",
"usa",
"u.s.",
"the-united-states"
] | [
"vahit-halefoglu",
"george-shultz"
] | [
"congress",
"state"
] | [] | U.s., turkey sign aid agreement | The united states and turkey signed
a five-year defence and economic agreement (deca) that will
channel hundreds of millions of dollars a year in aid to
ankara.
the agreement was signed by secretary of state george
shultz and foreign minister vahit halefoglu after 18 months of
negotiations that won ankara considerably less than it wanted.
under the agreement, the u.s. government pledged it would
use "vigor and determination" to persuade congress to vote the
money to build up turkish defenses in return for u.s. air bases
and intelligence-gathering facilities.
under today's agreement, which runs until december, 1990,
turkey will receive nearly 720 mln dlrs in military and
economic aid this year.
next year, the u.s. government has promised to ask congress
for 910 mln dlrs under an agreement that prompted domestic
crticism in turkey for not winning enough aid.
reuter | policy-news | news | news | medium | {
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1987-03-16T14:01:14.060000 | [
"earn"
] | [
"canada"
] | [] | [
"cts",
"oper",
"stafford-foods-unit"
] | [] | year net | Oper shr profit 1.52 dlrs vs loss 55 cts
oper profit 4,172,188 vs loss 1,502,032
revs not given
note: 1986 shr and net exclude extraordinary gain of
1,294,245 dlrs or 47 cts share on sale of stafford foods unit
reuter | company-deals | news | news | low | {
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} | [] | [
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1987-03-16T14:01:45.970000 | [
"earn"
] | [
"usa"
] | [] | [
"cts",
"oper"
] | [] | Oxford first corp 4th qtr net | Oper shr 45 cts vs 24 cts
qtly div six cts vs six cts prior
oper net 1,766,000 vs 950,000
revs 9,321,000 vs 5,298,000
year
oper shr 1.25 dlrs vs one dlr
oper net 4,985,000 vs 3,894,000
revs 28.3 mln vs 19.9 mln
note: net excludes losses from discontinued operations of
161,000 dlrs vs 66,000 dlrs in quarter and 464,000 dlrs vs
226,000 dlrs in year.
dividend pay may five, record april 13.
share adjusted for three-for-two stock split.
reuter | company-deals | news | boilerplate-content | low | {
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} | [] | [
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1987-03-16T14:02:55.340000 | [] | [
"usa",
"omaha",
"new-nebraska",
"nebraska"
] | [
"rudy-boschwitz",
"kay-orr",
"edward-zorinsky",
"karnes",
"zorinsky",
"david-karnes",
"boschwitz"
] | [
"karnes",
"reuters",
"scoular-grain-co."
] | [] | New senator backs u.s. farm decoupling proposals | New nebraska republican senator
david karnes said he supports proposals to "decouple" farm
subsidies from production decisions.
karnes, formerly a vice president of scoular grain co. in
omaha, was appointed last week to complete the term of the late
sen. edward zorinsky (d-nebr.).
on target prices, karnes said he believes the gradual
reductions in supports included in the 1985 farm bill should be
continued, but administration proposals for 10 pct cuts in
target prices each year are "excessive."
karnes said he opposes mandatory production controls for
major crops. his predecessor, sen. zorinsky, had supported
mandatory controls for wheat and was the author of a farm bill
provision requiring a referendum on the subject last year.
sen. karnes accompanied sen. rudy boschwitz (r-minn.) to
the national grain and feed association (ngfa) convention
earlier today and spoke to reuters after boschwitz addressed
the ngfa meeting.
karnes said he is seeking a seat on the senate agriculture
committee but no decision has been made on the request.
karnes, who has not held political office before, was
appointed by nebraska republican governor kay orr. he will be
up for election in 1988.
reuter | policy-news | news | news | medium | {
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} | [
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1987-03-16T14:03:18 | [] | [
"usa",
"melbourne",
"utah"
] | [
"curry",
"alexander-wilson",
"james-curry"
] | [
"bhp",
"americas)-inc",
"utah-international",
"utah-international-inc",
"broken-hill-proprietary-co-ltd"
] | [] | Bhp minterals melds utah international | Broken hill proprietary co ltd
said it will integrate utah international inc, which it bought
three years ago, under a common management structure.
the company said effective june 1, when utah international
chairman alexander wilson retires, james curry will become
chairman and chief executive officer and a new bhp-utah
minerals international board will be named. curry is currently
executive vice president of utah international.
bhp petroleum (americas) inc, formerly part of utah
international, will become a subsidiary of bhp's renamed bhp
petroleum international, headquartered in melbourne.
reuter | payment-notices | news | news | medium | {
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1987-03-16T14:03:23.380000 | [
"earn"
] | [
"usa"
] | [
"harris"
] | [
"cts",
"the-realty-investment-trust-company"
] | [] | Harris-teeter properties reports earnings | Harris-teeter properties inc
reported fourth quarter fiscal 1986 earnings per share of 24
cts on earnings of 601,000 dlrs.
the realty investment trust company started operations in
august and had no comparable figures, it said.
reuter | earnings-reports | news | news | medium | {
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1987-03-16T14:03:37.760000 | [] | [
"usa",
"santa-clara",
"palo-alto",
"calif."
] | [] | [
"cooper-lasersonics-inc"
] | [] | Cooper laser reschedules annual meeting | Cooper lasersonics inc said
it rescheduled its annual meeting to monday, may 11, at the
company's office in santa clara, calif.
the meeting had previously been set for may 14 in palo
alto, the company said.
reuter | financial-markets | news | news | medium | {
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1987-03-16T14:04:55.890000 | [] | [
"usa"
] | [] | [
"cts",
"kron-common-stock",
"kron-chocolatier-inc",
"kron"
] | [] | to redeem warrants | Kron chocolatier inc said it will
redeem on april 13 all its outstanding class a warrants at 0.01
ct a warrant.
the company said the warrants, which allow the holder to
buy one share of kron common stock at 40 cts a share, will
become void after the redemption date.
kron also said all its 318,460 dlrs of outstanding
convertible debt had been converted into 4,126,741 shares of
common. assuming that all the class a warrants are converted,
kron said it will have 18,356,174 common shares outstanding.
reuter | payment-notices | news | news | medium | {
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1987-03-16T14:05:07.660000 | [
"earn"
] | [
"usa"
] | [] | [
"cts"
] | [] | Bsn corp 4th qtr net | Shr two cts vs eight cts
net 73,000 vs 233,000
revs 21.0 mln vs 9,510,000
avg shrs 3,620,000 vs 2,886,000
year
shr 66 cts vs 37 cts
net 2,246,000 vs 1,064,000
revs 68.3 mln vs 40.8 mln
avg shrs 3,392,000 vs 2,886,000
note: 1985 year net includes extraordinary gain one ct shr
and gain two cts from cumulative effect of accounting change.
reuter | company-deals | news | product/company/organization/personal-websites | low | {
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1987-03-16T14:06:03.030000 | [
"earn"
] | [
"usa"
] | [] | [
"cts",
"bsn-corp"
] | [] | Bsn sees higher 1987 net | Bsn corp said it expects revenues of
about 120 mln dlrs and a substantial increase in net income and
earnings per share for 1987.
today it reported 1986 net income of 2,246,000 dlrs or 66
cts per share on revenues of 68.3 mln dlrs, up from 1,064,000
dlrs or 37 cts per share on revenues of 40.8 mln dlrs a year
before.
reuter | earnings-reports | news | news | low | {
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1987-03-16T14:07:45.850000 | [
"earn"
] | [
"usa"
] | [] | [
"aon-corp.",
"aon",
"international-corp"
] | [] | Combined int'l holders to vote on split | Combined international corp said it
will ask shareholders at the april 23 annual meeting to approve
the doubling of authorized common shares to 120 mln.
holders will also vote on a proposal to create a new class
of 25 mln shares of serial preferred stock one dlr par value in
place of its existing classes of authorized and unissued
preferred stock.
it said at its regular march board meeting members will
consider a stock split or stock dividend, which would be
contingent upon stockholder approval of the changes in the
capital structure at the april annual meeting.
holders will also be asked to approve a new corporate name,
aon corp. it said aon is a gaelic word meaning unit. the name
is intended to eliminate confusion between the parent company
and its principal subsidiary, combined insurance co of america.
holders will also vote on a proposal to limit the liability
of directors and amend the provision for indemnifying
directors, officers employees an agents. this is being done to
reduce the costs of liability insurance.
reuter | payment-notices | news | news | medium | {
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1987-03-16T14:08:53.710000 | [
"earn"
] | [
"canada"
] | [] | [
"stafford",
"stafford-foods-ltd"
] | [] | Canbra foods sets special five dlr/shr payout | , earlier
reporting a 1986 net profit against a year-ago loss, said it
declared a special, one-time dividend of five dlrs per common
share, pay march 31, record march 26.
canbra said it set the special payout to allow shareholders
to participate in the gain on the sale of unit stafford foods
ltd in november, 1986, as well as the company's "unusually
profitable performance" in 1986.
canbra earlier reported 1986 net earnings of 4.2 mln dlrs,
excluding a 1.3 mln dlr gain on the stafford sale, compared to
a year-ago loss of 1.5 mln dlrs.
reuter | earnings-reports | news | news | medium | {
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1987-03-16T14:09:26.570000 | [] | [
"usa",
"u.s."
] | [
"gerry-salemme",
"hess",
"mary-beth-hess"
] | [
"att",
"the-house-telecommunications",
"fcc",
"congress"
] | [] | Att may face struggle over deregulation | American telephone and telegraph co
may have a hard time convincing u.s. regulatory authorities
that lifting controls on its long-distance business will
benefit consumers, industry and congressional analysts say.
"there's clearly going to have to be an effort (by att) to
say that deregulation will not have an adverse effect on the
consumer," said gerry salemme, a policy analyst for the house
telecommunications, consumer protection and finance
subcommittee.
salemme said that if the federal communications commission
eased restrictions on att, congress probably would consider
taking legislative oversight action to protect consumers'
interests.
att has about 80 pct of the interstate long-distance
market. it asked the fcc to cut back price and rate regulations
that have control its long-distance phone business.
att spun off its local telephone services operations into
the seven regional bell companies in 1984 as part of the court
ordered breakup of the telephone giant.
the regional companies have been prohibited from
manufacturing equipment and from offering information services
and out-of-region long-distance service.
but some of them want to move into those areas,
particularly the provision of long-distance services, which
would compete directly with att.
att's request came in response to an fcc notice issued in
january that proposed to streamline regulation of certain parts
of its long-distance business.
the fcc will closely examine the potential effects of the
proposal on consumers, said fcc spokeswoman mary beth hess.
"that would be foremost in our mind," hess said.
hess said she expected the fcc to respond in a few months.
congressional aides said they were concerned that if
regulation is reduced, att will use its dominant market
position to raise consumer rates.
consumer groups say att's concern for its business clients,
its most lucrative market, underscores a danger that, without
full regulation from the fcc, any | policy-news | internet-and-telecom | news | medium | {
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"american"
] | [
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1987-03-16T14:11:45.630000 | [] | [
"west-bank",
"the-gaza-strip",
"jordan"
] | [
"taher-kan'an",
"jordan"
] | [
"the-european-investment-bank",
"the-islamic-development-bank"
] | [] | Jordan obtains 98.8 mln dlrs in loans | Jordan is to receive 98.8 mln dlrs in
loans to finance development projects, planning minister taher
kan'an said.
kan'an told reporters the loans, concluded during the past
six months, were made by the european investment bank, the
islamic development bank and three arab funds. he gave no other
details.
kan'an said the loans were for jordan's own nine billion
dlr 1986-1990 development plan and not for the parallel,
controversial 1.3 billion dlr plan for the israeli-occupied
west bank and the gaza strip.
he said jordan would concentrate on obtaining concessionary
foreign loans and keep commercial borrowings to a minimum.
performance in the first year of the national plan was
close to target, the minister said. the gross domestic product
at factor cost grew 2.4 per cent instead of the planned 2.9 per
cent, he added, but gave no figures.
kan'an said public investment was also near the planned
level, but investments by the private sector fell below
expectations. "the private sector still feels inhibited," he
said.
reuter | industry-news | finance | news | medium | {
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"israeli",
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] | [
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1987-03-16T14:14:03.210000 | [] | [
"usa",
"l.p."
] | [
"boesky",
"ivan-boesky"
] | [
"hudson-funding-corp",
"sec",
"ifb"
] | [] | Sec okays boesky firms' move to protect funds | The securities and exchange
commission approved a request by two firms controlled by inside
trader ivan boesky that allows them to take steps to protect
hundreds of millions of dollars from potential claimants.
the sec granted requests made by seemala partners l.p. and
ifb managing partnership l.p., to withdraw as registered
brokers, effective march 12.
with the action, the partnerships are no longer subject to
the sec's net capital rules requiring them to remain solvent as
brokerage firms. seemala argued the move would be necessary if
noteholders of ivan boesky and co l.p. are to be repaid.
in asking the sec to speed its withdrawal as a registered
broker, seemala said it wold repay to boesky and co, which is
also controlled by the former wall street arbitrageur, 660 mln
dlrs in subordinated debt, plus accrued interest.
ifb managing partners, which was also given approval to
withdraw as a broker, has no significant assets, the sec said.
once it is repaid, boesky and co will pay 200 mln dlrs in
senior participating notes and 440 mln dlrs in subordinated
participating notes of hudson funding corp to certain
noteholders, seemala told the sec.
under the planned repayment scheme, seemala told the sec
the noteholders would forgo claims of prepayment penalties and
some additional interest amounting to more than 100 mln dlrs.
the plan would be in the public interest, seemala argued,
since the noteholders, many of which are savings and loan
institutions and insurance companies, would receive repayment
of the principal on their notes.
seemala also argued that the plan would help the limited
partners of boesky and co, who were not charged in the boesky
insider trading scandal, by protecting its remaining equity
from the noteholders' claims.
unless the boesky firms are allowed to complete the
repayment plan, seemala said boesky and co noteholders would
seek total claims of 116.8 mln dlrs, plus 9.2 mln dlrs to 10.6
mln dlrs a month in addition | payment-notices | finance | news | low | {
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1987-03-16T14:17:35.620000 | [] | [
"usa"
] | [] | [
"cts"
] | [] | Investors savings calls preferred | Investors savings bank said it has
called its series b 8-1/2 pct cumulative convertible preferred
stock for redemption on april 24 at 64.80 dlrs plus accrued
dividends of 34 cts per share.
the company said each share of the stock is convertible
through april 17 into 6.3158 common shares. at year-end, when
the stock was issued in the acquisition of centennial group
inc, there were 190,118 shares of the preferred outstanding.
reuter | payment-notices | finance | news | medium | {
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} | [] | [
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1987-03-16T14:18:08.490000 | [] | [
"usa"
] | [] | [
"kent",
"lorimar-telepictures-corp",
"kent-toys-inc"
] | [] | in pact with lorimar | Kent toys inc said it signed an
agreement with lorimar-telepictures corp to produce a
television game show called lottery.
under terms of the agreement, kent said it will receive a
share of the above the line production, a percentage of net
profits and a percentage of first-run syndication fees.
reuter | financial-markets | arts-and-entertainment | news | low | {
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} | [] | [
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1987-03-16T14:18:26.520000 | [
"earn"
] | [
"usa"
] | [] | [
"cts",
"oper"
] | [] | Advance circuits inc 2nd qtr feb 28 net | Oper shr profit one cts vs loss 22 cts
oper net profit 35,000 vs loss 948,000
revs 17.4 mln vs 13.8 mln
six mths
oper shr loss 23 cts vs loss 48 cts
oper net loss 1,025,000 vs loss 2,093,000
revs 32.5 mln vs 27.6 mln
note: results exclude credits of 1,737,000 or 39 cts shr
for both 1987 periods from refinancing of debt.
reuter | company-deals | news | news | low | {
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} | [] | [
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1987-03-16T14:18:39.700000 | [
"earn"
] | [
"usa",
"america"
] | [
"qtrly-div-26-cts"
] | [
"cts",
"div"
] | [] | Commonwealth mortgage sets payout | Qtrly div 26 cts class a vs 12 cts
qtrly div one cent class b vs nil
pay may 15
record march 31
note: prior qtr pro rated on 45 day basis for abbreviated
qtr.
full name of company commonwealth mortgage of america.
reuter | company-deals | finance | boilerplate-content | low | {
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1987-03-16T14:18:49.090000 | [
"earn"
] | [
"usa"
] | [] | [
"cts"
] | [] | dec 31 year net | Shr 90 cts vs 66 cts
net 924,000 vs 679,000
loans 88.7 mln vs 67.4 mln
deposits 165.5 mln vs 106.7 mln
assets 181.5 mln vs 124.5 mln
reuter | company-deals | finance | boilerplate-content | low | {
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1987-03-16T14:19:09.720000 | [
"earn"
] | [
"usa"
] | [] | [
"cts"
] | [] | Precision target marketing 3rd qtr net | Qtr ends jan 31
shr profit one ct vs loss two cts
net profit 74,000 vs loss 122,000
revs 1,657,000 vs 1,416,000
nine mths
shr profit five cts vs loss 10 cts
net profit 299,000 vs loss 624,000
revs 5,134,000 vs 3,744,000
note: full name precision target marketing inc.
nine months 1987 includes extraordinary gain of two cts per
share.
reuter | company-deals | news | boilerplate-content | low | {
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1987-03-16T14:19:15.910000 | [
"acq"
] | [
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] | [] | [
"freeman-owings-inc-subsidiary",
"f.a.",
"f.a.-components-inc",
"cheyenne-software-inc",
"f.a.-reuter"
] | [] | Cheyenne software in acquisition talks | Cheyenne software inc said it is
in preliminary talks on the acquisition of compouter hardware
distribution firm f.a. components inc and its freeman-owings
inc subsidiary.
the company said f.a. had sales of 43.1 mln dlrs for 1986
and expects to report a loss for the year.
cheyenne said the purchase price would be paid in common
stock and it would provide additional finances for the
operation of f.a.
reuter | financial-markets | news | news | medium | {
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1987-03-16T14:19:38.760000 | [
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] | [
"fla.",
"florida",
"usa",
"palm-beach",
"hudson-valley",
"n.y."
] | [] | [] | [] | Hudson valley patrol agrees to buy guard firm | Hudson valley patrol inc said it
agreed to acquire privately held federal protection services
inc, a palm beach, fla., security firm, for 200,000 common
shares and other considerations.
hudson valley, which provides guard and patrol services in
upstate n.y., said federal protection services provides
investigation, uniformed guard and armoured truck services to
banks, corporations and residential communities in southern
florida.
the company said it will issue 200,000 shares of its common
at closing and additional shares based on federal protection's
pretax earnings over the next three years.
closing is subject to setting a definitive agreement, it
said.
reuter | financial-markets | news | news | medium | {
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1987-03-16T14:22:24.720000 | [
"cocoa"
] | [
"uk"
] | [] | [
"icco",
"kobena-erbynn"
] | [] | Icco to examine buffer stock proposal tomorrrow | The international cocoa organization,
icco, council adjourned after presenting divergent producer and
consumer views on buffer stock rules and agreeing to examine a
draft compromise proposal on the buffer stock issue tomorrow,
delegates said.
icco executive director kobena erbynn will draw up what
some delegates called a "pre-compromise" and present it to the
buffer stock working group at 1130 hrs gmt tuesday, they said.
while consumer and producer member nations disagree how a
buffer stock should be implemented, both sides reiterated they
were willing to compromise to come to agreement, they said.
"i am optimistic we will be able to come to an agreement --
maybe not tomorrow or the next day, but some time later in the
session," a consumer delegate said.
producers say they want the buffer stock to consist only of
icco member cocoa, comprise a representative basket of various
grade cocoas and pay different prices for different grades,
delegates said.
some consumers would rather the buffer stock manager be
able to buy non-member cocoa also, and pay a single price for
the buffer stock cocoa without respect to origin.
consumer members were not unified in their views on how the
buffer stock should operate, with several countries backing
different aspects of the producer stance, delegates said.
the semi-annual council meeting is scheduled to run until
march 27. consideration of the buffer stock rules is the most
controversial topic on the agenda, delegates said.
reuter | policy-news | food-and-drink | news | medium | {
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1987-03-16T14:22:34.880000 | [] | [
"jeddah",
"saudi-arabia's",
"saudi-arabia"
] | [
"saleh-kamel",
"prince-khaled-al-faisal"
] | [
"dallah-group",
"asir",
"reuters"
] | [] | Saudi businessmen seek to boost private sector | Top saudi businessmen
discussing ways to bolster the kingdom's private sector at a
chamber of commerce conference here today called for finance to
be made available more easily for industrial projects.
saleh kamel, a leading businessman and head of the
jeddah-based dallah group, said business needed more funding
and welcomed recent measures to encourage banks to step up
lending.
but yesterday conference participants were publicly
reprimanded for not investing enough in the kingdom.
prince khaled al-faisal, governor of the asir region
hosting the four-day conference, accused businessmen of showing
ingratitude at a time when the government had been prepared to
draw heavily on reserves to maintain spending and stimulate the
economy.
businessmen, for their part, argued today that the
kingdom's commercial banks were unwilling to take risks and
help finance industrial projects.
saleh kamel, one of saudi arabia's leading businessmen and
head of the jeddah-based dallah group, told reuters the general
economic outlook for trade and industry had improved.
"we can be optimistic, the economy is looking brighter," he
said. but he also said businessmen needed more finance and
welcomed measures being taken to encourage banks to step up
lending.
a committee at the saudi arabian monetary agency, the
kingdom's central bank, is now examining the problem.
commercial banks are in fact extremely liquid but have
become highly selective in extending new credit after many
companies ran into trouble repaying debt during the last three
years.
between 1982 and 1985 banks had to make risk provisions
totalling 4.3 billion riyals and results now coming in for 1986
show another year when heavy reserves had to be made against
bad and doubtful loans.
the effects of the middle east economic downturn hit the
construction sector in saudi arabia very hard and there has
been a sharp fall in development lending for new industrial
projects.
the saudi industrial d | policy-news | business-and-industrial | news | medium | {
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} | [
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1987-03-16T14:25:13.270000 | [
"earn"
] | [
"usa"
] | [] | [
"cts"
] | [] | Amcast industrial corp 2nd qtr march one | Shr profit 10 cts vs loss 2.20 dlrs
net profit 687,000 vs loss 14.5 mln
sales 68.3 mln vs 54.8 mln
avg shrs 7,018,000 vs 6,577,000
1st half
shr profit 38 cts vs loss 1.95 dlrs
net profit 2,596,000 vs loss 12.8 mln
sales 129.9 mln vs 113.3 mln
avg shrs 6,964,000 vs 6,568,000
reuter | company-deals | news | news | low | {
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1987-03-16T14:26:00.120000 | [] | [
"usa"
] | [] | [
"dow-chemical-co",
"awd-technologies-inc"
] | [] | Dow sets groundwater pollution venture | Dow chemical co, and said they formed
a venture to combat groundwater contamination.
the venture, called awd technologies inc, will offer site
analysis, planning, engineering and construction services for
restoration of groundwater.
reuter | financial-markets | business-and-industrial | news | medium | {
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1987-03-16T14:26:30.270000 | [
"earn"
] | [
"usa"
] | [] | [
"cts"
] | [] | Scientific systems services inc 4th qtr | Shr profit four cts vs loss 49 cts
net profit 160,700 vs loss 1,867,100
revs 4,700,000 vs 5,600,000
year
shr profit two cts vs loss 1.20 dlrs
net profit 84,400 vs loss 4,507,800
revs 20.5 mln vs 22.5 mln
reuter | company-deals | news | boilerplate-content | low | {
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1987-03-16T14:26:42.950000 | [
"earn"
] | [
"usa"
] | [] | [
"cts",
"div"
] | [] | Skippers inc semi-annual dividend | Semi-annual div four cts vs four cts
pay april 30
record april 9
reuter | company-deals | business-and-industrial | news | low | {
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1987-03-16T14:27:06.530000 | [
"earn"
] | [
"usa"
] | [
"reuter"
] | [
"cts",
"div"
] | [] | Ziegler co inc sets quarterly | Qtly div 13 cts vs 13 cts prior
pay april 17
record april 3.
reuter | company-deals | computers-and-electronics | boilerplate-content | low | {
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1987-03-16T14:29:16.140000 | [] | [
"river-rouge",
"mich.",
"usa",
"ill.",
"chicago-heights"
] | [] | [
"globe-industries-inc",
"mitsubishi-motors",
"chrysler-corp"
] | [] | Diamond-star motors adds more suppliers | Diamond-star motors corp, the
joint-venture company owned by chrysler corp and mitsubishi
motors, said it has additional product suppliers for the
all-new vehicle to be produced at the company's plant now under
construction.
it said globe industries inc, chicago heights, ill., was
picked to supply roof silencer pads and dash panel pads, and
fabricon products of river rouge, mich., for hood insulators.
reuter | financial-markets | autos-and-vehicles | news | medium | {
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1987-03-16T14:37:32.320000 | [] | [
"usa",
"hilton"
] | [
"barron-hilton"
] | [
"the-waldorf-astoria"
] | [] | Hilton hotels to launch new product | Hilton hotels chairman and president
barron hilton will introduce the hotel chain's newest product,
the hilton suites, at a press conference tuesday at the waldorf
astoria, the company said.
reuter | financial-markets | travel-and-transportation | news | medium | {
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1987-03-16T14:37:37.960000 | [
"acq"
] | [
"usa",
"ga",
"augusta"
] | [] | [
"first-union-bank-of"
] | [] | Banking center to make acquisition | Banking center said it has
signed a letter of intent to acquire first railroad mortgage co
from first union bank of augusta, ga., for undisclosed terms.
the company said first railroad had loan production of over
100 mln dlrs in 1986 and was servicing over 435 mln dlrs in
loans at the end of 1986.
reuter | payment-notices | finance | news | medium | {
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1987-03-16T14:38:07.410000 | [
"acq"
] | [
"italy",
"wilmington",
"usa",
"u.s.",
"california"
] | [] | [
"valley-national-bank",
"san-paolo"
] | [] | San paolo di torino to acquire californian bank | Italian state bank said its fully-owned of wilmington in the u.s. had signed a letter of intent to
acquire of california.
san paolo said in a statement that, subject to obtaining
official authorization from the relevant bodies, it would merge
valley national bank with its subsidiary .
value of the planned acquisition was not disclosed.
reuter | payment-notices | news | news | low | {
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1987-03-16T14:38:38.620000 | [
"grain",
"corn",
"wheat",
"soybean",
"oilseed",
"barley",
"sorghum",
"cotton",
"rice"
] | [
"usa"
] | [] | [
"nonprogram",
"farmers",
"signup"
] | [] | Usda details conservation crop enrollment | Farmers enrolled over 6.5 mln acres
of program crops in the latest conservation reserve program
signup and around four mln acres of non-program crops,
agriculture department conservation specialists said.
soybean acreage amounted to less than two mln acres of the
non-program crop acreage enrolled, a usda analyst said. heavy
enrollment of non-base acreage in wheat states, of which a big
percentage would be fallow and non-soybean land, accounted for
a large portion of the non-program acreage, the analyst said.
wheat and corn acreage comprised slightly over 40 pct of
the total 10,572,402 acres accepted into the ten-year program.
usda analysts gave the following enrollment breakdown:
-- wheat 2,615,140 acres
-- corn 1,894,764 acres
-- barley 705,888 acres
-- sorghum 585,552 acres
-- cotton 417,893 acres
-- rice 2,035 acres
-- peanuts 611 acres
-- tobacco 285 acres
-- total program crops 6,512,700 acres
-- total nonprogram 4,059,702 acres
-- total enrollment 10,572,402 acres
usda analysts are currently working on a complete state
breakdown of crop acreage enrollment and should have it ready
for publication later this week, they said.
reuter | business-news | news | news | medium | {
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1987-03-16T14:39:50.460000 | [
"grain"
] | [
"usa",
"indiana"
] | [
"reagan",
"richard-lugar",
"lugar"
] | [
"the-u.s.-senate-agriculture-committee"
] | [] | U.s. senator uncommitted on offering 0/92 bill | Senator richard lugar of indiana,
ranking republican on the u.s. senate agriculture committee,
has not decided whether to introduce an administration-backed
bill to apply the so-called 0/92 provision to 1988 through 1990
grain crops, an aide to the senator said.
the reagan administration has asked lugar to offer the
measure, the aide said.
however, a number of farm groups have told lugar they
oppose the proposal on the grounds it would reopen the 1985
farm bill, and the senator has decided to take a second look at
the proposal, the aide said.
last week the aide indicated lugar was planning to offer
the 0/92 measure and a bill to tighten a payment limitation
loophole.
reuter | policy-news | news | news | medium | {
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1987-03-16T14:40:38.120000 | [] | [
"usa"
] | [] | [
"the-new-york-stock-exchange",
"nyse",
"the-securities-and-exchange-commission"
] | [
"nyse"
] | Nyse to report imbalances on expiration friday | The new york stock exchange said it
will cooperate with the securities and exchange commission by
disclosing imbalances in market-on-close orders in 50 major
stocks thirty minutes prior to the close of trading friday.
the procedure will be followed this friday when stock index
futures and options and individual stock options expire
simultaneously. such triple expirations occur four times a year
and in the past have been associated with big swings in stock
market averages. in a new variation of the disclosure rules,
the nyse said no market-on-close orders related to index
arbitrage can be entered after 1530 est.
the nyse said all market-on-close orders for 50 big
capitalization stocks, including the 30 components of the dow
jones industrial average, must be entered by 1530 est friday.
the nyse will then furnish to financial news services any
imbalance in market-on-close orders of 10,000 shares or more.
after 1530 est market-on-close orders in the 50 stocks can
be entered only on the opposite side of the imbalance. but the
bar on entering market-on-close orders related to index
arbitrage after 1530 est is a new element of the disclosure
plan, which has the goal of making the market less volatile
during the triple expirations.
reuter | payment-notices | finance | news | medium | {
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1987-03-16T14:42:16.510000 | [] | [
"usa"
] | [] | [
"citizens-fidelity-corp,",
"pnc-financial-corp.",
"pnc",
"moody's"
] | [] | Pnc financial unit upgraded by moody's | Moody's investors service inc said it
raised to aa-2 from aa-3 the long-term deposit obligations of
citizens fidelity bank and trust co because its parent,
citizens fidelity corp, has merged into pnc financial corp.
moody's said the merger should strengthen the bank's
earnings potential through the acquired access to pnc's product
lines. it should also result in significantly more financial
flexibility to citizens fidelity, moody's said.
the bank's prime-1 rating for short-term deposits was not
affected.
reuter | payment-notices | finance | news | medium | {
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1987-03-16T14:46:01.530000 | [
"acq"
] | [
"usa",
"n.y.",
"west-babylon"
] | [] | [] | [] | International fine foods makes acquisition | said it
has acquired 2001 distributors inc of west babylon, n.y., for
875,000 common shares, plus contingent shares based on future
earnings.
2001 distributes fresh-squeezed juices and had a loss on
sales of about one mln dlrs in 1986, its first year of
operation.
reuter | payment-notices | news | news | low | {
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1987-03-16T14:47:09.530000 | [] | [
"usa",
"mich.",
"washington"
] | [
"john-d.-dingell"
] | [
"sec",
"dingell",
"the-house-committee-on-energy-and-commerce",
"reuters"
] | [] | Stiffer u.s. securities penalties sought | The house committee on energy and
commerce is studying recommendations for stricter penalties for
violation of securities laws, said rep. john d. dingell, d-
mich., chairman of the committee.
dingell told reuters after a speech to businessmen here
that insider trading laws must be strengthened to assure that
self-regulation by the securities industry is more effective.
"we've got to see to it that (exchange) members regulate
their employees," he said.
dingell said his committee is "looking at a number of
possibilities" to harshen penalties for violation of securities
laws. but he would not be more specific, saying proposals on
stiffer penalties are still being drafted in washington.
"i wish i could be more definitive, but i can't," dingell
told reuters.
dingell said another solution to the problem of insider
trading would be a "significant" increase in funding for the
securities and exchange commission, as well as in sec's
authority to enforce securities laws.
dingell added that he supports self-regulation by the
securities industry rather than government creation of "some
new structure that may or may not work."
"the markets must regulate themselves," he said.
reuter | policy-news | finance | news | medium | {
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1987-03-16T14:47:35.630000 | [
"earn"
] | [
"usa"
] | [] | [
"cts"
] | [] | United tote inc 1st qtr jan 31 net | Shr profit nil vs loss 10 cts
net profit 2,936 vs loss 170,866
revs 4,147,248 vs 1,091,392
reuter | company-deals | news | news | low | {
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1987-03-16T14:47:39.680000 | [] | [
"usa"
] | [] | [
"pro-med-capital-inc"
] | [
"nasdaq"
] | Pro-med capital to be included in nms | Pro-med capital inc
said its common will be included in the next expansion of the
nasdaq national market system, which will take place tomorrow.
reuter | payment-notices | business-and-industrial | news | low | {
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1987-03-16T14:51:17.460000 | [] | [
"usa",
"los-angeles"
] | [] | [
"systemhouse-inc"
] | [] | Systemhouse inc wins contract | Systemhouse inc said it has been
awarded a 12 mln dlr contract by the county of los angeles to
design and develop its integrated county justice information
system.
systemhouse also said it has opened a branch in los
angeles, as a direct result of the contract.
reuter | financial-markets | news | news | medium | {
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1987-03-16T14:52:45.650000 | [
"earn"
] | [
"usa",
"tenn.",
"new-memphis"
] | [] | [
"oaks-international-inc",
"oaks-direct-inc"
] | [] | Seven oaks in telemarketing venture | Seven oaks international inc
said it has formed a new 80 pct owned subsidiary called seven
oaks direct inc to offer a full line of telemarketing services.
it said seven oaks direct management will own the remaining
20 pct.
the company said initial costs connected with the startupo
of a new memphis, tenn., marketing center for seven oaks direct
may hurt earnings slightly in the first half of the year ending
in april 1988, but seven oaks direct should operate at no worse
than breakeven for fiscal 1988 as a whole.
reuter | financial-markets | news | news | medium | {
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1987-03-16T14:56:08.920000 | [] | [
"usa",
"australia"
] | [
"mark-sladkus",
"morgan",
"leo-melamed",
"jack-sandner"
] | [
"morgan-stanley-capital-international-perspective",
"chicago-board-options-exchange",
"morgan-stanley",
"the-chicago-mercantile-exchange",
"cme",
"the-securities-and-exchange-commission",
"morgan-stanley-capital-international-europe",
"melamed",
"morgan-stanley-group-inc.",
"cboe"
] | [
"cme",
"cboe"
] | Cme, cboe to launch international stock index | The chicago mercantile exchange, cme,
and the chicago board options exchange, cboe, announced today
that they will trade futures and options, respectively, on an
index of international securities compiled by morgan stanley
group inc.
morgan stanley said it has agreed to license the exchanges
to use the morgan stanley capital international europe,
australia and far east, or eafe, stock index as the trading
basis.
the eafe index is comprised of 900 international stocks
from 16 nations in europe, the far east, and australia.
"the eafe is the only instrument by which world markets are
measured," cme special counsel leo melamed said at a news
conference announcing the agreement.
cme chairman jack sandner noted that one-third of the
exchange's daily trading volume now derives from overseas.
"the success of our index markets, particularly the s and p
index, is ample precedent to forging ahead" in international
markets, he said.
mark sladkus, publisher of morgan stanley capital
international perspective, said japanese bank stocks represent
the largest portion of the index.
the officials said the exchanges have not yet submitted the
eafe index to the securities and exchange commission and the
commodities futures trading commission for approval.
however, melamed said approval is not expected to be
granted quickly, and the exchanges did not set a starting date
for the new contracts.
the eafe index is tabulated daily, but sladkus said
real-time calculation will be introduced when trading begins.
the conflicting opening and closing of international
securities markets will have to be accommodated in the
calculations, he noted.
morgan stanley has been calculating the eafe index weekly
since 1970 and daily since 1972.
the cme and cboe will negotiate with a third party to be
"an independent monitor ... the guardian" of the index, melamed
said. "morgan will remove itself from deciding which stocks
move in and out of the index."
reuter | payment-notices | finance | news | medium | {
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1987-03-16T15:01:59.470000 | [] | [
"usa"
] | [] | [
"western-digital-corp"
] | [] | Western digital to redeem convertible debt | Western digital corp said it intends
to call for redemption on april six all of its outstanding
6-3/4 pct convertible subordinated debentures due 2011.
it said it would buy back the convertible debentures at
1,090.94 dlrs per each 1,000 dlr face amount, including accrued
interest.
until the close of business on april six, the debentures
are convertible into the company's common stock at 17.50 dlrs
per share, or 57.14 shares per each 1,000 dlr debenture. the
company's stock closed at 26.625 dlrs a share on friday,
weestern digital said.
reuter | payment-notices | news | news | medium | {
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} | [] | [
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1987-03-16T15:02:10.010000 | [
"earn"
] | [
"usa"
] | [] | [
"cts"
] | [] | Quadrex corp 4th qtr jan 31 loss | Shr loss eight cts vs loss 20 cts
net loss 586,000 vs los 1,497,000
revs 13.8 mln vs 14.4 mln
year
shr loss 15 cts vs loss 18 cts
net loss 1,135,000 vs loss 1,377,000
revs 57.7 mln vs 55.1 mln
reuter | company-deals | news | boilerplate-content | low | {
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1987-03-16T15:02:18.600000 | [] | [
"usa"
] | [] | [
"conseco-inc's",
"beneficial-corp-.",
"moody's",
"conseco"
] | [] | Moody's may downgrade conseco debt | Moody's investors service inc said it
may downgrade conseco inc's 100 mln dlrs of debt.
the rating agency cited conseco's proposal to acquire
western national life insurance co from beneficial corp .
moody's said its review would focus on the financing of the
deal, which will increase conseco's size from 650 mln dlrs in
assets to about 2.7 billion dlrs.
moody's will also study the adequacy of projected earnings
and cash flow from western national in relation to the
financing plan. conseco currently carries b-1 senior
subordinated debentures and convertible debt.
reuter | payment-notices | finance | news | medium | {
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1987-03-16T15:02:43.910000 | [] | [
"usa",
"brazil"
] | [] | [
"citicorp",
"morgan",
"morgan-and-co-inc",
"reuters"
] | [] | Morgan says brazil nonaccruals may rise | J.p. morgan and co inc said that
brazil's recent suspension of interest payments on part of its
commercial bank debt may lift its nonaccrual loans this year.
morgan, which has over 1.9 billion dlrs of brazilian debt,
said in its annual report, "it is possible that nonaccrual
loans to borrowers in brazil could increase during 1987."
however, a spokesman for morgan told reuters, "right now we
are still accruing interest and we have not yet decided what
will be done as of march 31."
citicorp said last week that 3.9 billion dlrs of
brazilian loans may be put on a cash basis on march 31.
reuter | industry-news | finance | news | medium | {
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1987-03-16T15:07:10.060000 | [
"earn"
] | [
"usa"
] | [
"philip-crosby"
] | [
"cts",
"philip-crosby-associates-inc"
] | [] | Philip crosby associates earnings delayed | Philip crosby associates inc
said its fourth quarter and annual earnings report will be
delayed two more weeks.
the company cited the recent in-house embezzlement and a
subsequent review by auditors of its international situation as
reason for the delay.
philip crosby, however, said it believes its december
estimate calling for earnings per share between 10 cts and 15
cts, on revenues of 11 mln dlrs, was still valid.
reuter | payment-notices | news | news | medium | {
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1987-03-16T15:07:26.710000 | [] | [
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] | [] | [
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"paine-webber-inc",
"health-and-tennis-corp",
"drexel-burnham-lambert-inc",
"drexel",
"bally-manufacturing-corp",
"bally"
] | [] | Bally mfg taking health club unit public | Bally manufacturing corp said its
health and tennis corp filed with the securities and exchange
commission for an initial public offering of 5,800,000 shares
of common stock and a concurrent offering of 50 mln dlrs of
20-year convertible subordinated debentures.
the company said it expects the initial public offering
price to be between 13 dlrs and 15 dlrs a share.
upon completion of the offering, bally said it will own 76
pct of bally's health and tennis corp.
bally said drexel burnham lambert inc and paine webber inc
will represent underwriters of the offering, and drexel will
underwrite the debenture offering.
bally's health and tennis corp operates more than 250
fitness centers and has about 1,800,000 members.
reuter | payment-notices | news | news | medium | {
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1987-03-16T15:07:58.620000 | [
"earn"
] | [
"usa"
] | [] | [
"cts"
] | [] | United tote inc 1st qtr jan 31 net | Shr nil vs loss 10 cts
net profit 2,936 vs loss 170,866
revs 4,147,248 vs 1,091,392
reuter | company-deals | news | boilerplate-content | low | {
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1987-03-16T15:09:12.550000 | [
"ship",
"crude",
"fuel"
] | [
"usa",
"oahu",
"u.s."
] | [
"robert-g.-reed"
] | [
"pri",
"pacific-resources-inc"
] | [] | Pacific resources installs oil mooring | Pacific resources inc said it has
installed a calm (catenary anchor leg mooring) single-point
mooring terminal off the southwest coast of oahu at its
hawaiian independent refinery at a cost of 3.5 mln dlrs.
the system transfers crude and fuel oils from tankers to
the refinery's tank farm and carries refined products to ships
for export, pri said.
company chairman robert g. reed said the new mooring system
will permit 24-hour service in most kinds of weather and will
reduce ship turnaround time. he said the mooring is the first
of its kind in the u.s.
the new system can accomodate vessels up to 150,000
deadweight tons, or one mln barrels of cargo, pri said.
reuter | business-news | business-and-industrial | news | medium | {
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} | [
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1987-03-16T15:09:23.560000 | [] | [
"usa",
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] | [
"judith-corchard",
"christine-lisec-tinto",
"zuckerman",
"fred-zuckerman",
"wright",
"charles-clough"
] | [
"reuters",
"merrill",
"chrysler",
"lisec-tinto",
"merrill-lynch",
"chrysler-corp",
"shearson-lehman-treasury"
] | [] | U.s. money managers may lean to stocks vs bonds | U.s. money managers and investment
advisors said they expect stocks to continue to outperform
bonds, but some are hedging bets by keeping roughly half of
portfolios in bonds and cash for quick investment shifts.
merrill lynch said its new asset mix report due today will
urge weightings of 50 pct stock, 35 pct bonds and 15 pct cash
versus 40 pct bonds, 35 pct stock and 25 pct cash previously.
"we believe an overweighting in stocks is warranted because
of the positive momentum of corporate earnings," said christine
lisec-tinto, merrill senior investment strategist.
lisec-tinto, who formulated merrill's latest asset mix
recommendations with new chief investment strategist charles
clough, said there may be some consolidation of recent stock
price gains, but the market appears to have good potential.
through friday, stock prices as measured by the dow jones
industrial average surged 19.13 pct in 1987. meanwhile, the
shearson lehman treasury bond price index edged up 0.4 pct.
"we believe that the equity market has much more upside
potential than the bond market," chrysler corp treasurer
fred zuckerman said. he said "interest rates are not coming
down and i would not bet a lot that they will come down
sharply."
chrysler's 3.5 billion pension fund last week sold 405 mln
dlrs of corporate bonds in the first of two planned sales of
slightly less than one billion dlrs of corporates.
zuckerman told reuters the proceeds will be used to buy
stock to bring equities to 50 pct or more of the portfolio.
a roughly even bond/stock portfolio split also is urged by
wright investors service, with 4.25 billion dlrs under
management, but it is more optimistic on bonds than stocks.
"we'd put half in bonds and half in equities now," said
judith corchard, wright senior vice president. she said the
bond share was lifted from 35 pct in the last three months.
"the stock market has appreciated sharply and discounted
future corporate earnings extensively," | industry-news | finance | news | medium | {
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1987-03-16T15:12:04.080000 | [
"earn"
] | [
"usa"
] | [] | [
"cts"
] | [] | New plan realty trust 2nd qtr net | Qtr ends jan 31
shr 22 cts vs 19 cts
net 4,549,000 vs 3,666,000
revs 8,903,000 vs 7,791,000
avg shrs 20.9 mln vs 19.9 mln
six mths
shr 42 cts vs 41 cts
net 8,641,000 vs 7,928,000
revs 17.5 mln vs 14.6 mln
avg shrs 20.8 mln vs 19.4 mln
note: earnings were restated to reflect the three-for-two
stock split on april one, 1986.
reuter | company-deals | news | news | low | {
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1987-03-16T15:17:58.410000 | [] | [
"usa"
] | [] | [
"bellsouth-corp's",
"bellsouth-mobility-inc-unit"
] | [] | Bellsouth expands mobile phone service | Bellsouth corp's bellsouth
mobility inc unit said its mobile phone customers can now
choose their long-distance carrier.
previously, all mobile calls were routed through american
telephone and telegraph co's long distance service.
reuter | financial-markets | internet-and-telecom | news | medium | {
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1987-03-16T15:29:04.980000 | [
"meal-feed",
"veg-oil"
] | [
"usa",
"algeria",
"u.s."
] | [] | [
"the-u.s.-agriculture-department",
"ccc"
] | [] | More ccc credit guarantees for algeria -- usda | The commodity credit corporation
(ccc) has approved an additional 84.0 mln dlrs in credit
guarantees for sales of u.s. agricultural products to algeria
for fiscal year 1987 under the export credit guarantee program
(gsm-102), the u.s. agriculture department said.
the department said the additional guarantees provide up to
31.0 mln dlrs in coverage for sales of protein meals, 9.0 mln
dlrs for tallow, and 44.0 mln dlrs for vegetable oils.
the latest guarantees increase the cumulative fiscal 1987
program for sales of u.s. agricultural products to algeria to
464.0 mln dlrs from 380.0, it said.
to be eligible for the credit guarantees, all sales must be
registered with the ccc by september 30, and shipments
completed by december 31, 1987, it said.
reuter | business-news | finance | news | medium | {
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1987-03-16T15:30:15.820000 | [
"grain",
"wheat",
"corn",
"sorghum"
] | [
"usa",
"the-united-states",
"honduras",
"u.s."
] | [] | [
"u.s.-agriculture-department"
] | [] | Pl 480 commodities for honduras -- usda | The united states has signed a
public law 480 agreement with honduras to provide for the sale
of 12.0 mln dlrs worth of u.s. agricultural commodities, the
u.s. agriculture department said.
the agreement, signed march 11, provides for the sale of
about 75,000 tonnes of wheat/wheat flour worth 8.5 mln dlrs,
15,000 tonnes of corn/sorghum worth 1.5 mln dlrs and 6,000
tonnes of tallow worth 2.0 mln dlrs, the department said.
the commodities will be supplied in the current fiscal
year, ending september 30, and sales will be by private u.s.
traders on a competitive bid basis.
purchase authorizations will be announced as issued.
reuter | business-news | news | news | medium | {
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1987-03-16T15:33:40.430000 | [] | [
"nigeria"
] | [
"babangida",
"ibrahim-babangida"
] | [] | [] | Nigerian rioters to face summary trial | More than 500 people arrested during last
week's riots in northern nigeria will face summary trial by a
judicial tribunal, president ibrahim babangida said.
he said investigations showed the the violence was
carefully planned by "evil men" and those arrested would be tried
for arson, murder, rape and treason, some of which carry the
death penalty.
babangida said the crisis was "the civilian equivalent of an
attempted coup d'etat" against the government.
reuter | business-news | sensitive-subjects | news | medium | {
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} | [] | [
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1987-03-16T15:34:42.040000 | [
"grain",
"wheat"
] | [
"usa",
"mississippi",
"missouri"
] | [
"austin-schlick",
"christopher",
"john-danforth"
] | [
"danforth"
] | [] | Sens. danforth, bond ask targeted 0/92 measure | Missouri republican senators john
danforth and christopher bond have introduced a bill that would
allow wheat and feedgrain producers along the mississippi and
missouri rivers hurt by flooding last year to collect at least
92 pct of their deficiency payments this year without planting.
danforth aide austin schlick said the bill was similar to a
provision included in a house agriculture committee-passed
emergency disaster assistance bill scheduled to be taken up by
the house tomorrow.
schlick said flooding destroyed a number of levees along
the two rivers last october, leaving farmland there vulnerable
to further damage this year.
reuter | business-news | news | news | medium | {
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} | [
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1987-03-16T15:35:03.270000 | [
"grain",
"barley"
] | [
"usa",
"cyprus",
"u.s."
] | [] | [
"the-department",
"agriculture-department",
"cooperatives",
"ccc"
] | [] | Ccc accepts bonus bid on barley to cyrpus | The commodity credit corporation
(ccc) has accepted a bid on an export bonus to cover the sale
of 8,000 tonnes of barley to cyprus, the u.s. agriculture
department said.
the barley is for shipment may 5-20 and the bonus of 39.32
dlrs per tonne was made to harvest states cooperatives, the
department said.
the bonus will be paid in the form of commodities from the
inventory of ccc stocks.
the department said an additional 42,000 tonnes of u.s.
barley are still available to cyprus under the export
enhancement program initiative announced on august 26, 1986.
reuter | business-news | news | news | medium | {
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} | [] | [
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1987-03-16T15:35:42.190000 | [
"acq"
] | [
"usa",
"ill.",
"rock-island"
] | [
"phillip-lombardo."
] | [
"lombardo-communications-inc",
"lynch",
"lynch-entertainment-corp",
"cbs",
"lynch-corp-subisidiary"
] | [] | Lynch corp unit buys television station | Lynch corp subisidiary lynch
entertainment corp said it formed a general partnership called
coronet communications co, which has acquired whbf-tv station,
in rock island, ill.
the company said the price for the station, a cbs
television network affiliate, was 20 mln dlrs. the company also
said the other partner is lombardo communications inc, a
wholly-owned corporation of phillip lombardo.
lynch said it will pursue further acquisitions of media and
entertainment entities with emphasis on broadcasting and cable
television operations.
reuter | financial-markets | news | news | low | {
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} | [] | [
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0.068117544... |
1987-03-16T15:36:28.440000 | [] | [
"usa",
"australia"
] | [] | [
"morgan-stanley-group-inc",
"the-chicago-board-of-options",
"the-chicago-mercantile-exchange"
] | [
"cme",
"cboe"
] | Morgan licenses overseas index for trading | Morgan stanley group inc said its
capital international europe, australia and far east, or eafe,
stock index will be a used as a basis for trading futures and
listed options.
the company said it granted licenses to the chicago
mercantile exchange and the chicago board of options for the
eafe index.
the index includes 900 companies representing 16 national
stock markets in europe, australia and the far east. it is used
as a benchmark of international stock market activity, the
company said.
reuter | payment-notices | news | news | medium | {
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1987-03-16T15:36:46.390000 | [
"acq"
] | [
"usa",
"japan",
"new-york",
"u.s."
] | [
"malcolm-baldridge"
] | [
"the-u.s.-commerce-department",
"fujitsu-ltd",
"fairchild",
"fairchild-semiconductor",
"the-u.s.-defense-department",
"commerce",
"schlumberger",
"fairchild-management",
"schlumberger-ltd"
] | [] | Schlumberger ends pact to sell fairchild | Schlumberger ltd said it terminated an
agreement in principle for fujitsu ltd to buy 80 pct of its
fairchild semiconductor operations.
the company said the rising political controversy in the
u.s. concerning the venture made it unlikely that the sale of
the fairchild stake could be completed within a reasonable
time.
the sale has been opposed by the u.s. commerce department
and the u.s. defense department, in part on national security
grounds.
the company said termination of the agreement opened other
possibilities, including a possible leveraged buyout of the
semiconductor maker by fairchild management.
in the interim, fairchild would continue its ongoing
business within schlumberger, the oilfield services concern
said.
last october, schlumberger announced the sale of the
fairchild stake and said it would take a 200 mln dlrs charge in
the fourth quarter from the sale. the company ended up
recording special charges of 2.1 billion dlrs in the fourth
quarter, leading to a loss of 2.02 billion dlrs for the year.
schlumberger never announced a price for the sale, but
industry analysts have estimated the value of the deal at about
200 mln dlrs.
the proposed sale was under antitrust review by the u.s.
justice department. additionally, commerce secretary malcolm
baldridge and other u.s. officials have voiced reservations
about the transaction since it was announced.
government officials have expressed concern that the sale
could reduce the competitiveness of u.s. chip makers by putting
key advanced technology into japanese hands.
new, high-technology semiconductors are used in
supercomputers, which are faster and more powerful than
existing computers.
schlumberger is an oilfield services company controlled by
french interests and headquartered in new york. fujitsu ltd is
a computer and telecommunications company based in japan.
reuter | financial-markets | news | news | medium | {
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1987-03-16T15:37:23.790000 | [
"earn"
] | [
"usa"
] | [] | [
"fisher-scientific-group-inc",
"henley-group-inc",
"fisher"
] | [] | Henley group sets fisher distribution | Henley group inc said it
declared a special dividend distribution of one fisher
scientific group inc share for every 16 henley shares.
previously, it said it would pay one fisher share for every
20 outstanding, but it changed the ratio because of the
reduction in its outstanding shares to 109 mln from 129 mln.
it said the distribution of about 20 pct of fisher's common
stock will be made april six to holders of record march 26.
fisher will trade on nasdaq under the symbol .
reuter | payment-notices | news | news | low | {
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1987-03-16T15:37:38.310000 | [] | [
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] | [] | [
"crown-victoria",
"ford",
"lincoln",
"ford-motor-co"
] | [] | Ford to recall 33,600 full size cars | Ford motor co said it is
recalling about 33,600 of its 1987-model year ford crown
victoria, mercury grand marquis and lincoln town car vehicles
equipped with 5.0 -liter engines.
it said the vehicles may have been produced with some
improperly manufactured sterring linkage components that could
fracture, causing reduced steering control.
ford said it was unaware of any accidents or injuries
caused by the conditions prompting the recall.
it said of the affected vehicles, about 32,000 are in the
united states, 1,200 in canada and 400 in export locations.
reuter | earnings-reports | autos-and-vehicles | news | medium | {
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1987-03-16T15:39:35.210000 | [] | [
"usa"
] | [
"james-miller"
] | [
"senate",
"house",
"reuters",
"congress"
] | [] | Omb chief says congress close on deficit cuts | Office of management and budget
director james miller said he believed congress was moving
closer to a compromise with the administration over federal
budget deficit cuts for the coming fiscal year.
"i think congress is moving in the direction of the
president," he told reuters as he was about to address a meeting
of the federal managers association.
he did not elaborate on this but said a reported agreement
by house and senate budget writers calling for about 36 billion
dlrs in deficit cuts was "six billion too short." the
administration proposed 42 billion dlrs in deficit reductions.
reuter | policy-news | law-and-government | news | medium | {
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} | [] | [
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1987-03-16T15:41:19.250000 | [
"earn"
] | [
"usa"
] | [] | [
"cts",
"gencorp"
] | [] | Gencorp 1st qtr operating earnings rose | Gencorp said its first quarter
earnings from operations rose four pct as sales increased six
pct to 650 mln dlrs from 614 mln a year earlier.
however, the company reported net income declined to 17 mln
dlrs, or 77 cts a share, in the quarter ended february 28 from
19 mln dlrs, or 84 cts a year earlier. this year's net included
700,000 dlrs from the sale of assets while last years was
increased 3.0 mln dlrs by such sales.
gencorp said lower operating profits for the tire and
plastics and industrial products segments were essentially
offset by higher wallcovering results.
reuter | earnings-reports | news | news | medium | {
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1987-03-16T15:41:49.010000 | [
"grain",
"wheat"
] | [
"usa",
"algeria",
"u.s."
] | [] | [
"u.s.-agriculture-department",
"ccc"
] | [] | New eep durum wheat offer to algeria -- usda | U.s. exporters will have the
opportunity to sell an additional 300,000 tonnes of u.s. durum
wheat to algeria under the export enhancement program, eep, the
u.s. agriculture department said.
the department said the sales will be subsidized with
commodities from the commodity credit corporation, ccc,
inventory and the subsidy will enable u.s. exports to compete
at commercial prices in the algerian market.
algeria has already purchased 300,000 tonnes of u.s. durum
wheat under a previous export enhancement initiative announced
november 10, 1986, it said.
details of the latest initiative, including an invitation
for offers from exporters, will be issued in the near future,
the department said.
reuter | business-news | business-and-industrial | news | medium | {
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0.0845... | [
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1987-03-16T15:42:13.940000 | [] | [
"usa"
] | [] | [] | [] | Advanced micro plans new microprocessor | Advanced micro devices said
it plans to build the first of a new generation of 32-bit cmos
microprocessors designed to operate three to five times faster
than the 32-bit devices currently built.
the new microprocessor is capable of sustained performance
of 17 mln instructions per second and has a peak of 25 mln
instructions per second, the company said.
it said the new device is suitable for engineering
workstations, super-minicomputers, laser printer controllers
and other high-performance applications.
reuter | financial-markets | computers-and-electronics | news | medium | {
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} | [] | [
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1987-03-16T15:43:14.100000 | [
"earn"
] | [
"usa"
] | [] | [
"cts"
] | [] | Mccormick and co inc 1st qtr feb 28 net | Shr 37 cts vs 35 cts
net 4,346,000 vs 4,202,000
revs 232.0 mln vs 223.2 mln
reuter | company-deals | news | news | low | {
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"ISO3166-2-lvl4": "US-MD",
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} | [] | [
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1987-03-16T15:43:29.130000 | [] | [
"usa"
] | [] | [
"vestar-inc",
"lyphomed-inc"
] | [] | Lyphomed , vestar joint venture | Lyphomed inc said it and vestar
inc entered into a joint venture to develop and market liposome
formulations of selected drugs.
liposomes are spheres of subcellular size which are
composed of phospholipids, the primary components of living
cell membranes.
during the project's first year, the companies will jointly
develop liposome formulations for designated drugs and
establish a commercial production capacity as well as
coordinate and fund clinical studies of the formulations.
reuter | financial-markets | health | news | medium | {
"ISO3166-2-lvl3": null,
"ISO3166-2-lvl4": "US-IL",
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"village": "Rosemont",
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} | [] | [
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0.067685... | [
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1987-03-16T15:44:55.750000 | [] | [
"usa",
"new-jersey"
] | [] | [] | [] | N.j. business converts magazine to monthly | The business journal of new
jersey said it will publish garden state home and garden
monthly, beginning in september.
the company said the publication was launched as a
bi-monthly in november 1986. the decision to covert to a
monthly was made as a result of increasing demand for
advertising space in the first four issues.
the company also said it expects 1987 revenues of about
three mln dlrs, continuing average growth of over 50 pct for a
second year.
a spokesman declined to release actual 1986, stating the
company had not completed its 10k report. for the first nine
months of 1986, it had sales of 1,070,000 dlrs while sales for
all of 1985 were a little less than one mln dlrs, he added.
reuter | earnings-reports | news | news | medium | {
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} | [] | [
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1987-03-16T15:45:55.510000 | [
"earn"
] | [
"usa"
] | [] | [
"cts"
] | [] | Telequest inc 4th qtr dec 31 loss | Shr loss nine cts vs profit 35 cts
net loss 299,000 vs profit 1,025,000
sales 9,704,000 vs 9,659,000
avg shrs 3,792,138 vs 2,892,138
year
shr profit one ct vs profit 58 cts
net profit 45,000 vs profit 1,705,000
sales 25.4 mln vs 17.8 mln
avg shrs 3,567,138 vs 2,892,138
reuter | company-deals | news | news | low | {
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} | [] | [
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1987-03-16T15:47:53.090000 | [
"veg-oil"
] | [
"turkey",
"algeria",
"usa",
"morocco",
"tunisia"
] | [] | [
"u.s.-agriculture-department",
"usda"
] | [] | U.s. eep veg oil proposals still under review | U.s. agriculture department
proposals to offer 260,000 tonnes of subsidized vegetable oil
to four countries are still under consideration by an
interagency trade policy group, a usda official close to the
group said.
the official, who asked not to be identified, dismissed a
report circulating in markets today that the interagency trade
policy review group had rejected the proposals.
under the proposals, usda would offer vegetable oil under
the export enhancement program, eep, to four countries,
including 80,000 tonnes to turkey and 60,000 tonnes to algeria,
morocco and tunisia, industry sources said.
the proposals "are still under review" by the interagency
working group, the usda official said.
reuter | business-news | food-and-drink | news | medium | {
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"ISO3166-2-lvl4": "US-DC",
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} | [] | [
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1987-03-16T15:48:23.930000 | [] | [
"iran",
"kirkuk",
"usa",
"iraq",
"the-united-states"
] | [
"charles-redman",
"reuter",
"redman"
] | [
"state-department"
] | [] | Iran gain in iraqi territory seen insignificant | The united states today dismissed as
insignificant gains by iranian forces in northern iraq.
state department spokesman charles redman told reporters
the gain in an area around mount kardemand had no signifficant
bearing on the seven-year-old gulf war.
press reports from the region said the iranian push had
placed its forces to move against the road to rawandiz, some 60
miles (96 km) north of major iraqi oil fields and refineries
and the turkish-iraqi pipeline at kirkuk.
but redman said the iranian push "took place in an area of
iraqi territory which is of little strategic value".
"actual possession of the area has seesawed between iraq and
iran since the early days of the war," he added.
the iranian push that captured the territory nearly two
weeks ago and reported in the american press this weekend, was
not a major offensive, redman said.
reuter | business-news | sensitive-subjects | news | medium | {
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} | [
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"american",
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