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BARING UNIT SETS UP FUND FOR MANAGEMENT BUY-OUTS
Baring Capital Investors Ltd (BCI), a unit of the U.K. Merchant bank <Baring Brothers and Co Ltd>, said it has raised 61 mln European Currency Units (ECUs) which will be invested in management buy-outs and development capital opportunities in the U.K. And continental Europe. The funds were raised through BCI's firs...
G-7 SEEN FIGHTING TO KEEP CURRENCY PACT
International monetary officials will rush to paper over the deep cracks that have appeared in the Louvre accord on currency stability to prevent a dollar free-fall and to calm turmoil in world capital markets, economists and currency traders said. "I don't think the Louvre is dead because if it breaks up in an ac...
TONS OF TOYS INC <TONS.O> 1ST QTR AUG 31 LOSS
Shr loss five cts vs loss eight cts Net loss 118,000 vs loss 87,000 Sales 1,765,000 vs 1,345,000 Avg shrs 2,370,000 vs 1,070,000 Reuter 
NEW YORK STOCK EXCHANGE VOLUME JUMPS TO OVER 340 MLN SHARES, PASSING DAILY RECORD
ANCHOR FINANCIAL CORP <AFCX.O> 3RD QTR NET
Shr 28 cts vs 41 cts Net 205,000 vs 229,000 Nine mths Shr 86 cts vs 1.01 dlrs Net 622,000 vs 566,000 NOTE: Share reflects issuance of 166,750 common shares in December 1986. Reuter 
PHOTRONICS CORP <PHOT.O> 1ST HALF AUG 31 NET
Shr 38 cts vs 25 cts Net 708,197 vs 404,471 Sales 6,592,736 vs 6,122,133 Avg shrs 1,886,400 vs 1,648,477 Reuter 
French industrial production fell 0.95 pct in July/August from June -- INSEE data
HOMETOWN BANCORP INC <HTWN.O> 3RD QTR NET
Shr profit five cts vs profit seven cts Net profit 59,000 vs profit 39,000 Nine mths Shr profit 12 cts vs loss four cts Net profit 92,000 vs loss 20,000 Avg shrs 775,000 vs 548,000 Reuter 
FIDELITY FEDERAL SAVINGS AND LOAN <FFED.O> 3RD
Shr 42 cts vs 59 cts Net 734,659 vs 1,033,309 Nine mths Shr 92 cts vs 1.69 dlrs Net 1,629,719 vs 2,971,144 NOTE: 1987 nine mths net includes a loss of 290,000 dlrs on sale of securities and nine-recurring charge of 32,713 dlrs for write-off of FSLIC secondary reserve. Reuter 
CRAZY EDDIE <CRCY.O> WON'T OPPOSE SLATE
Crazy Eddie Inc said its board will not oppose the slate of nominees proposed for election to the board by the committee led by Entertainment Marketing Inc <EM> and the <Oppenheimer-Palmieri Fund, LP.> Crazy Eddie said its board is not endorsing, but will simply refrain from opposing, the EMI-Palmieri nominees. ...
HORIZON BANCORP <HZB> 3RD QTR NET
Shr 1.33 dlrs vs 90 cts Net 12.0 mln vs 8,180,000 Nine mths Shr 3.63 dlrs vs 2.88 dlrs Net 32.9 mln vs 26.2 mln Reuter 
STANDARD PRODUCTS <SPD> INCREASES COMMON
Standard Products Inc said shareholders at its annual meeting approved an increase in the company's authorized common to 25 mln shares from 15 mln shares. Standard also said shareholders approved an increase in the company's board to 12 members from 11. It said shareholders also voted to eliminate cumulative vo...
<ACC CORP> 3RD QTR NET
Shr profit three cts vs profit nine cts Net profit 102,136 vs profit 307,516 Revs 8,459,182 vs 8,469,476 Avg shrs 3,448,218 vs 3,613,672 Nine mths Shr loss 13 cts vs profit 28 cts Net loss 458,823 vs profit 1,014,969 Revs 25.5 mln vs 24.6 mln Avg shrs 3,467,099 vs 3,612,626 Reuter 
FIRST UNION REAL ESTATE INVESTMENTS <FUR> NET
3rd qtr Oper shr 27 cts vs 29 cts Oper net 4,926,000 vs 5,231,000 Revs 18.5 mln vs 17.8 ln Nine mths Oper shr 78 cts vs 84 cts Oper net 14.1 mln vs 15.3 mln Revs 55.0 mln vs 53.6 mln NOTE: Net excludes capital gains of 751,000 dlrs vs 664,000 dlrs in quarter and 5,881,000 dlrs vs 3,409,0...
IRAN SAYS US ATTACK INVOLVES IT IN FULL-SCALE WAR
A top Iranian military official said America's attack on an Iranian oil platform on Monday had involved the United States in full-scale war and Iran would avenge it with a "crushing blow." "The United States has entered a swamp from which it can in no way get out safely," the Iranian news agency IRNA quoted the hea...
TANDON COMPUTER <TCOR.O> SETS NEW COMPUTER
Tandon Computer Corp said it has introduced a personal computer than combines high capacity disk storage and a new way to transfer large amounts of data. The company said its 386 personal computer features an Intel Corp <INTC.0> 80386 processor running at 20 megahertz. The computer also features a receptacle t...
FEDERAL-MOGUL CORP <FMO> 3RD QTR NET
Shr 66 cts vs 48 cts Net 8,413,000 vs 6,112,000 Sales 267.9 mln vs 230.6 mln Nine mths Shr 2.20 dlrs vs 2.05 dlrs Net 28.1 mln 26.4 mln Sales 806.7 mln vs 720.7 mln NOTE: 1986 3rd qtr results include extraordinary loss on extinguishment of debt of 1,482,000 dlrs or 12 cts a shr. Reuter 
USACAFES LP <USF> 3RD QTR NET
Shr 33 cts vs 13 cts Net 2,272,000 vs 880,000 Revs 6,399,000 vs 5,912,000 Chainwide sales 142.0 mln vs 126.7 mln Nine mths Shr 1.07 dlrs vs 44 cts Net 7,369,000 vs 2,868,000 Revs 19.1 mln vs 16.1 mln Chainwide sales 402.9 mln vs 357.1 mln Avg shrs 6,918,000 vs 6,569,000 ...
GRANGES <GXL> FILES FOR STOCK OFFERING
Granges Exploration LTD, a mining company, said it filed with the Securities and Exchange Commission for a proposed publioffering of 2,500,000 shares of its common. PaineWebber Inc and Drexel Burnham Lambert Inc will be co-managers of the underwriting group. Granges said it intends to use proceeds for general c...
ACME ELECTRIC CORP <ACE> 1ST QTR OCT TWO
Shr 17 cts vs four cts Qtly div eight cts vs eight cts Net 739,000 vs 157,000 Revs 21.1 mln vs 14.5 mln NOTE: 1986 1st qtr adjusted for five pct stock dividend pain in March 1987. Qtly dividend payable December seven to shareholders or record November nine. Reuter 
NBI INC <NBI> 1ST QTR LOSS
Sept 30 end Shr loss 38 cts vs loss three cts Net loss 3,300,000 vs loss 205,000 Revs 63.4 mln vs 72.1 mln Avg shrs 8,966,000 vs 9,741,000 NOTE: 1986 first quarter results include 398,000 gain from repurchase of debentures that had been discounted below market value. Reuter 
KENNAMETAL <KMT> SEES IMPROVED 2ND QTR PROFITS
Kennametal Inc said second quarter, ending December 31, earnings should show significant improvement over the 3.5 mln dlrs, or 35 cts a share, earned in the year earlier quarter. The company said this outlook is based on its optimism the positive trand in domestic metalworking sales will continue through its fiscal...
AVX CORP <AVX> 3RD QTR OCT THREE NET
Shr profit 30 cts vs profit three cts Net profit 3,933,000 vs profit 436,000 Revs 70.4 mln vs 47.2 mln Avg 13.2 mln vs 13.0 mln Nine mths Shr profit 85 cts vs loss 17 cts Net profit 11.2 mln vs loss 2,083,000 Revs 192.1 mln vs 144.8 mln Avg shrs 13.2 mln vs 12.0 mln Reuter 
FEDERAL EXPRESS <FDX> SEPTEMBER VOLUME RISES
Federal Express Corp said that the average daily volume of packages and documents for September increased 26 pct over the same month in 1986. The total volume of packages in September increased to 17,687,000 from 14,077,000. The average daily volume of packages increased to 842,238 from 670,333. For the first f...
CATERPILLAR INC 3RD QTR SHR 1.47 DLRS VS LOSS 26 CTS
STRATUS COMPUTER INC <STRA.O> 3RD QTR NET
Shr 26 cts vs 18 cts Net 5,281,000 vs 3,496,000 Revs 48.8 mln vs 32.1 mln Nine mths Shr 64 cts vs 51 cts Net 12.9 mln vs 9,822,000 Revs 129.0 mln vs 89.2 mln Reuter 
SOSNOFF REDUCES CAESARS WORLD <CAW> STAKE
New York investor Martin Sosnoff said he reduced his stake in Caesars World Inc common stock to 3,878,700 shares, or 16 pct of the company's common stock outstanding, from about 17.4 pct. Sosnoff, who tried unsuccessfully to acquire Caesars World earlier this year, said in a filing with the Securities and Exchange ...
GRACO <GGG> SEES LOWER EARNINGS FOR YEAR
Graco Inc said it expects 1987 earnings to be below last year's record level, despite higher sales. The company last year earned 14.3 mln dlrs, or 2.38 dlrs a share, on sales of 225.1 mln dlrs. It said its order backlog remains strong and it will complete delivery and installation of several large auto plant fi...
CRAZY EDDIE INC SAYS IT WON'T OPPOSE SLATE OF ENTERTAINMENT MARKETING
FEDERAL-MOGUL CORP 3RD QTR SHR 66 CTS VS 48 CTS
MYERS INDUSTRIES INC <MYE> 3RD QTR NET
Shr 26 cts vs 18 cts Net 1,409,551 vs 985,470 Revs 38.4 mln vs 22.5 mln Nine mths Shr 64 cts vs 47 cts Net 3,477,188 vs 2,558,625 Revs 88.8 mln vs 63.9 mln NOTE: Earnings per share adjusted for 3-for-2 stock split distributed on September 4. Reuter 
VICTORIA BANCKSHARES INC <VICT.O> 3RD QTR NET
Shr profit two cts vs loss 2.60 dlrs Net profit 111,000 vs loss 16.9 mln Nine mths Shr profit 19 cts vs loss 2.80 dlrs Net profit 1,261,000 vs loss 18.1 mln Reuter 
INTERSTATE SECURITIES INC <IS> 4TH QTR SEPT 30
Shr 11 cts vs 22 cts Qtly div 10 cts vs 10 cts prior Net 548,254 vs 1,138,978 Revs 28 mln vs 31.1 mln Year Shr 50 cts vs 1.34 dlrs Net 2,527,846 vs 6,822,293 Revs 111.7 mln vs 118.9 mln NOTE: Qtly div payable December 4 to shareholders of record November 13. Reuter 
PROTESTERS MARCH AGAINST PRICE RISES IN SUDAN
About 10,000 people marched through the Sudanese capital Monday in protest against price increases and devaluation of the Sudanese pound. The march was aimed at measures agreed with the International Monetary Fund, including devaluation of the Sudanese pound by 44 pct and a rise in sugar and petrol prices. The ...
PANCHO'S MEXICAN BUFFET INC <PAMX.O> 4TH QTR NET
Sept 30 end Shr 14 cts vs 20 cts Net 733,980 vcs 871,720 Revs 14.7 mln vs 12.0 mln Avg shrs 5,130,190 vs 4,302,430 Year Shr 61 cts vs 60 cts Net 2,763,308 vs 2,550,133 Revs 50.0 mln vs 43.1 mln Avg shrs 4,565,189 vs 4,277,046 Fiscal 1987 net both periods includes charge 480,000 d...
FRANKLIN ELECTRIC CO INC <FELE.O> 3RD QTR NET
Shr 85 cts vs 73 cts Net 3,150,000 vs 2,699,000 Sales 39.8 mln vs 34.3 mln Nine Mths Shr 2.19 dlrs vs 1.86 dlrs Net 8,109,000 vs 6,876,000 Sales 111.5 mln vs 100.7 mln NOTE: 1987 tax credits added 14 cts to third quarter net and 33 cts to nine months net compared with credits of 16 cts and 4...
ALTUS BANK <ALTS.O> 3RD QTR NET
Oper shr three cts vs 48 cts Oper net 170,000 vs 2,324,000 Nine mths Oper shr 1.26 dlrs vs 1.84 dlrs Oper net 6,157,000 vs 8,907,000 NOTE: Operating net excludes extraordinary gains of 231,000 dlrs, or four cts a share, vs 2,657,000 dlrs, or 55 cts a share, in quarter and 1,341,000 dlrs, or 28 cts a...
PERRY DRUG <PDS> DIRECTOR RESIGNS
Perry Drug Stores Inc said Donald Fox has resigned from the board of directors, effective immediately. Fox, a board director since 1971, said he was resigning because of new business interests, the company reported. Fox left Perry as president and chief operating officer in January and was recently appointed presid...
KENNAMETAL INC <KMT> 1ST QTR SEPT 30 NET
Shr 48 cts vs 35 cts Net 4,946,000 vs 3,552,000 Sales 94.1 mln vs 84.5 mln Avg shrs 10.2 mln vs 10.1 mln Reuter 
PERIPHERAL <PSIX.O> COMPLETES BATTERY TESTS
Peripheral Systems Inc said it completed tests of the Nucell-50 radio isotope generating system, known as a resonant nuclear battery, designed to produce up to 50 kilowatts of AC electricity. The Nucell-50, developed by privately-held <Nucell Inc>, converts the natural decay of radioactive materials directly into e...
COMPUTER CONSOLES INC <CCS> 3RD QTR NET
Oper shr profit four cts vs profit 13 cts Oper net profit 456,000 vs profit 1,633,000 Revs 37.8 mln vs 34.0 mln Avg shrs 13.0 mln vs 13.0 mln Nine mths Oper shr profit 12 cts vs loss 39 cts Oper net profit 1,614,000 vs loss 4,877,000 Revs 109.2 mln vs 88.3 mln Avg shrs 13.1 mln vs 12.5 m...
SENATE PANEL STUDIES LOAN RATE, SET ASIDE PLANS
The Senate Agriculture Committee was expected to consider proposals that would limit adjustments in county loan rate differentials which trigger larger corn and wheat acreage reduction requirements, Senate staff said. A budget-saving proposal drafted by chairman Patrick Leahy (D-Vt) would limit adjustments in count...
OMNICARE INC <OCR> 3RD QTR NET
Shr profit five cts vs loss one ct Net profit 504,000 vs loss 102,000 Revs 31.4 mln vs 32.0 mln Nine mths Shr profit 17 cts vs profit 26 cts Net profit 1,729,000 vs profit 2,596,000 Revs 92.7 mln vs 112.6 mln NOTE: 1986 3rd qtr net includes a after-tax charge of 555,000 dlrs for sale of Reli...
U.S. INDUSTRIAL CAPACITY USE RATE 81.2 PCT IN SEPTEMBER, UNCHANGED FROM AUGUST
CALIFORNIA MICRO <CAMD.O> IN JOINT VENTURE
California Micro Devices said it signed a memorandum of understanding with Telefonica to establish a joint venture to make integrated circuits for the Western European market. Telefonica is the national telephone company of Spain. Under the pact, the companies will design, develop, make and market application ...
COUPON SET HIGHER FOR HEALTHVEST CONVERTIBLE
The coupon on <Healthvest>'s 40 mln Swiss franc seven-year subordinated convertible bond was set at 4-1/2 pct and not at the four pct indicated, lead manager S.G. Warburg Soditic SA said. The issue, announced by the Texan company on October 12, is priced at par. Its conversion price was set at 23 dlrs during the f...
DIME SAVINGS BANK N.Y. <DIME.O> 3RD QTR NET
Shr 1.22 dlrs Net 27.8 mln vs 28.6 mln Nine mths Shr 3.88 dlrs Net 87.4 mln vs 98.7 mln Assets 10.3 billion vs 8.4 billion Deposits 7.4 billion vs 6.7 billion Loans 7.9 billion vs 6.0 billion NOTE: Full name is Dime Savings Bank of New York. 1986 per share figures not available as bank c...
NORDIC INVESTMENT BANK GIVES LOAN TO NESTE
The Nordic Investment Bank (NIB) said in a statement it granted Finland's state-owned oil company Neste Oy <Neoy.He> a one hundred million German mark loan to acquire shares in Sweden's OK Petroleum AB. Neste is buying one quarter of the shares in the Swedish company, whose other shareholders are the Swedish State ...
U.S. LAWMAKERS SAY STOCK DIVE CALLS FOR SUMMIT
Two congressmen urged President Reagan to to call congressional leaders to a domestic economic summit to settle budget and trade matters they said contributed to the stock market fall. Noting the nosediving New York Stock Exchange, Rep David Obey, a Wisconsin Democrat and former chairman of the Congressional Econom...
HAL ROACH <HRSI.O>, ROBERT HALMI <RHI> TO MERGE
Robert Halmi Inc said it and Hal Roach Studios Inc signed a definitive agreement to merge in a stock swap value at 115 mln dlrs, based on October 16 closing prices. The company said the agreement calls for the holders of common stock in Hal Roach to exchange their shares on a one-for-one basis for shares in the com...
PICCADILLY CAFETERIAS INC <PICC.O> 1ST QTR NET
Sept 30 end Shr 32 cts vs 32 cts Net 2,990,000 vs 2,988,000 Sales 57.3 mln vs 54.6 mln Reuter 
SYSTEM SOFTWARE <SSAX.O> COMPLETES ACQUISITION
System Software Associates Inc said it completed its previously-announced acquisition of Admin EDP Pty Ltd for cash and a small amount of stock. Admin EDP, of Sydney, Australia, is a full-service software sales and services firm. Reuter 
GRACO INC <GGG> 3RD QTR SEPT 25 NET
Shr 54 cts vs 73 cts Net 3,080,000 vs 4,367,000 Sales 59.6 mln vs 55.6 mln Nine mths Shr 1.44 dlrs vs 1.81 dlrs Net 8,526,000 vs 10,857,000 Sales 172.4 mln vs 167.0 mln Backlog 34 mln dlrs vs 29 mln dlrs NOTE: 1986 period ended September 26 Reuter 
FIRST MICHIGAN BANCORP <FMBC.O> 3RD QTR NET
Shr 55 cts vs 48 cts Net 2,520,000 vs 2,211,000 Nine mths Shr 1.57 dlrs vs 1.41 dlrs Net 7,223,000 vs 6,475,000 Reuter 
COUNTRYWIDE TRANSPORT <CWTS.O> 3RD QTR NET
Shr 19 cts vs 15 cts Net 826,362 vs 421,759 Revs 19.0 mln vs 14.8 mln Avg shrs 4,400,000 vs 2,900,000 Nine Mths Shr 48 cts vs 31 cts Net 1,872,075 vs 887,478 Revs 51.6 mln 41.1 mln Avg shrs 3,889,000 vs 2,900,000 Note: Full name Countrywide Transport Services Inc. Reuter 
SOFTWARE SERVICES OF AMERICA INC <SSOA.O> NET
Shr four cts vs five cts Net 85,292 vs 109,285 Revs 2,916,128 vs 474,819 Reuter 
A. SCHULMAN <ASHL.O> SETS SPECIAL DIVIDEND
A. Schulman Inc said its board declared a special dividend of 10 cents per share, payable November 23 to holders of record November 9. The company also said its board authorized the spending of 15 mln dlrs for a new warehouse and plant in West Germany adjacent to its present location there. It said the board al...
KEYCORP <KEY> 3RD QTR NET
Shr 85 cts vs 77 cts Net 25.8 mln vs 21.9 mln Avg shrs 29.0 mln vs 27.1 mln Nine mths Shr 2.22 dlrs vs 2.14 dlrs Net 67.9 mln vs 60.1 mln Avg shrs 29.0 mln vs 26.5 mln NOTE: Previously reoprted amounts restated for earnings of First NorthWest Bancorp acquired in pooling of interests on July ...
ALLIED-SIGNAL INC <ALD> 3RD QTR OPER NET
Oper shr 1.02 dlrs vs 82 cts Oper net 174 mln vs 149 mln Revs 2.7 billion vs 2.4 billion Nine mths Oper shr 2.54 dlrs vs 2.64 dlrs Oper net 438 mln vs 492 mln Revs 8.2 billion vs 7.4 billion NOTE: 1987 3rd qtr and nine mths includes after-tax 82 mln dlr or 49 cts a share gain for increase in...
CORBY DISTILLERIES <CDL.TO> TO BUY HEUBLEIN UNIT
Corby Distilleries Ltd said it has agreed to buy Toronto-based McGuinness Distillers Ltd from Heublein Inc for about 45 mln dlrs in a move which Corby expects to add significantly to domestic earnings. Heublin is a subsidiary of Grand Metropolitan PLC (GMHL.L). Corby said McGuinness will remain a seperate bus...
BURR-BROWN CORP <BBRC.O> 3RD QTR NET
Shr 16 cts vs 13 cts Net 1,538,000 vs 1,288,000 Sales 35.3 mln vs 29.5 mln Nine Mths Shr 27 cts vs 37 cts Net 2,601,000 vs 3,586,000 Sales 102.0 mln vs 84.2 mln Reuter 
DIME SAVINGS BANK OF NEW YORK 3RD QTR NET 27.8 MLN DLRS 28.6 MLN DLRS
TEMPLE-INLAND INC <TIN> 3RD QTR NET
Shr 1.24 dlrs vs 66 dlrs Net 38.2 mln vs 20.1 mln Revs 419.1 mln vs 333.8 mln Nine mths Shr 3.50 dlrs vs 1.74 dlrs Net 107.7 mln vs 53 mln Revs 1.2 billion vs 940 mln Reuter 
UNIVERSAL FURNITURE LTD <UFURF.O> 3RD QTR NET
Shr 34 cts vs 26 cts Net 6,150,000 vs 4,743,000 Revs 61.4 mln vs 49.5 mln Nine months Shr 89 cts vs 70 cts Net 16 mln vs 11.8 mln Revs 170 mln vs 137.5 mln NOTE: All share and per share data have been adjusted to reflect 100 pct stock dividend distrition on April 24, 1987 and the public offi...
A. SCHULMAN INC <SHLM.O> 4TH QTR AUG 31 NET
Shr 63 cts vs 49 cts Net 5,635,000 vs 4,330,000 Sales 117.8 mln vs 96.2 mln Year Shr 2.21 dlrs vs 1.71 dlrs Net 19.8 mln vs 15.2 mln Sales 465.1 mln vs 388.5 mln NOTE: Share adjusted for February 1987 three-for-two split. Prior year results restated. Reuter 
USX <X> UNIT HIKES CRUDE OIL POSTED PRICES
Marathon Petroleum Company, a subsidiary of USX Corp, said it lowered posted prices for crude oil by 50 cts with an effective date of October 16. The increase brings posted prices for West Texas Intermediate and West Texas Sour to 19.00 dlrs a barrel each. South Louisiana Sweet was increased to 19.35 dlrs a barrel....
LONDON GOLD 1500 FIX - OCT 19 - 481.00 DLRS
ANCHOR GLASS <ANC> SEES FLAT ANNUAL RESULT
Anchor Glass Container Corp said it expects fourth quarter profits to exceed the 4.7 mln dlrs reported for the third quarter and net income for the full year will be about equal to or slightly exceed 1986's profit before extraordinary items of 20.6 mln dlrs. For the first nine months, Anchor reported operating prof...
USX <X>, INLAND <IAD> IN STEEL COIL VENTURE
USX Corp said its USS division and Inland Steel Corp are continuing to pursue plans to construct a plant devoted to the continuous pre-painting of steel coils. The company said the proposed facility will primarily serve the appliance market and will have a capacity of 250,000 to 300,000 tons yearly. The company...
BEARINGS INC <BER> 1ST QTR NET
Sept 30 end Primary 76 cts vs 51 cts Diluted shr 70 cts vs 49 cts Net 2,802,000 vs 2,030,000 Revs 124.9 mln vs 117.2 mln Primary avg shrs 3,687,000 vs 4,016,000 Diluted avg shrs 4,786,000 vs 5,101,000 Reuter 
CHEMICAL WASTE MANAGEMENT INC<CHW> 3RD QTR NET
Shr 24 cts vs 15 cts Net 24,057,000 vs 14,508,000 Revs 156.1 mln vs 111.2 mln Nine mths Shr 63 cts vs 40 cts Net 63,183,000 vs 36,464,000 Revs 405.0 mln vs 295.8 mln Reuter 
MONSANTO <MTC> NUTRASWEET SALES SHOW SMALL DROP
Monsanto Co said sales of its Nutrasweet artificial sweetener fell slightly in the third quarter due to a continuing decline in usage by the powdered soft drink market. "It doesn't look as if there is going to be any improvement in the powdered soft drink sector," said Donna Smith, a Monsanto spokeswoman. The c...
MARATHON RAISED CRUDE POSTED PRICES BY 50 CTS A BARREL EFFECTIVE OCTOBER 16.
AIR PRODUCTS AND CHEMICALS INC <APD> 4TH QTR NET
Oper shr 70 cts vs 18 cts Oper net 39.1 mln vs 10.0 mln Sales 543.6 mln vs 489.6 mln Year Oper shr 2.83 dlrs vs 1.82 dlrs Oper net 159.7 mln vs 106.9 mln Sales 2.13 billion vs 1.94 billion Avg shrs 56.4 mln vs 58.6 mln NOTE: Results restated for discontinued engineering services operatio...
TAKESHITA CHOSEN AS NEXT JAPAN PRIME MINISTER
Japan's ruling Liberal Democratic Party (LDP) on Tuesdayhose former Finance Minister Noboru Takeshita to be the next prime minister, replacing Yasuhiro Nakasone whose term ends on October 30. LDP officials told Reuters the choice was made by Nakasone after Takeshita and two other contenders failed in marathon close...
TRANSATLANTIC ROW IMPERILS LOUVRE ACCORD-DEALERS
The Louvre accord on currency stability, which has maintained an uneasy calm in currency markets since last February, appeared in serious danger today as a transatlantic dispute over West German interest rates came to the boil, foreign exchange dealers said. But as the dollar slid against the mark and world stock a...
NORTHVIEW <NOVC.O> PLANS TO SELL COMPANY
Northview Corp said it reached an agreement in principal covering the acquisition of the company by privately-held Calmark Financial Corp. The agreement calls for Northview to make a self-tender offer for all of its outstanding stock at a price of 22 dlrs per share in cash. Calmark, headquartered in Los Angeles...
LOGICON INC <LGN> GETS ADD ON TO CONTRACT
Logicon Inc said it received a three-mln-dlr modification to its contract to develop cruise missile simulation systems for the U.S. Air Force. The company said the modification brings the contract to 12.6 mln dlrs. In addition, a separate 500,000-dlr option may be exercised after the basic simulation systems an...
BUNDESBANK WILL NOT HOLD NEWS CONFERENCE THURSDAY
The Bundesbank will not hold a news conference after its regular fortnightly central bank council meeting on Thursday, a spokesman said in answer to enquiries. The council is meeting in West Berlin, where it meets once a year. It also meets once a year in another German city. These meetings outside Frankfurt are tr...
UNION NATIONAL CORP <UNBC.O> 3RD QTR NET
Shr 80 cts vs 70 cts Shr diluted 76 cts vs 67 cts Qtly div 33 cts vs 33 cts prior Net 7,879,000 vs 7,007,000 Nine mths Shr 2.33 dlrs vs 2.01 dlrs Shr diluted 2.22 dlrs vs 1.92 dlrs Net 23.0 mln vs 20.0 mln Avg shrs 9,890,148 vs 10.0 mln NOTE: Dividend pay Dec 10, record Nov 20. Reut...
CORBY DISTILLERIES LTD TO BUY HEUBLEIN'S MCGINNESS DISTILLERS FOR 45 MLN CANADIAN DLRS
AMCAST INDUSTRIAL CORP <ACST.O> 4TH QTR LOSS
Aug 31 Shr loss 34 cts vs profit 39 cts Net loss 2,337,000 vs profit 2,532,000 Revs 66.1 mln vs 58.5 mln Avg shrs 7,166,000 vs 6,763,000 12 months Shr profit 26 cts vs loss 1.20 dlrs Net profit 1,815,000 vs loss 7,927,000 Revs 264.3 mln vs 229.7 mln Avg shrs 7,005,000 vs 6,621,000 ...
AIR PRODUCTS AND CHEMICALS INC 4TH QTR OPER SHR 70 CTS VS 18 CTS
FED ARRANGES THREE-DAY SYSTEM REPOS
The Federal Reserve entered the government securities market to arrange three-day system repurchase agreements, a spokesman for the New York Fed said. Federal funds were trading at 7-5/8 pct at the time of the direct injection of temporary reserves, dealers said. Reuter 
DATACOPY CORP <DCPY.O> 3RD QTR NET
Shr profit three cts vs profit one ct Net profit 129,082 vs profit 36,099 Revs 3,864,187 vs 1,875,919 Nine Mths Shr loss six cts vs profit two cts Net loss 303,581 vs profit 110,311 Revs 9,517,242 vs 5,248,105 NOTE: Prior qtr and nine mth figures include extraordinarycredits of 15,000 dlrs a...
MEDIA GENERAL <MEG> HOLDERS MAY SEEK CONTROL
A shareholder group led by Barris Industries Inc <BRSS.O> said it acquired a 9.8 pct stake in Media General Inc Class A common stock and may seek seek contorl of the company. In a filing with the Securities and Exchange Commission, the group said it holds 2,711,000 shares of Media General commons stock purchased at...
GOULD<GLD> NAMES PRESIDENT OF SEMICONDUCTER DIV
Gould Inc said it named Conrad Wredberg president and general manager of its Semiconductor Division, based in Santa Clara, Calif. Wredberg, formerly senior vice president of operations of the division, succeeds Robert Penn. Penn was named vice president of the Materials and Components Business Section, the compa...
FED SETS THREE-DAY SYSTEM REPURCHASES, FED SAYS
GENCORP <GY> RKO UNIT ASKS TO KEEP FCC LICENSES
RKO General Inc, a unit of GenCorp Inc, said it asked the Federal Communications Commission (FCC) to reverse a preliminary ruling by an agency hearing officer and let it keep its 14 broadcast licenses. The FCC hearing officer had recommended that all 14 of RKO's licenses be revoked. "If the decision is allowed ...
S-K-I <SKII.O> TO BUY CALIFORA SKI AREA
S-K-I Ltd and <Goldmine Ski Associates Inc> said they reached an agreement calling for S-K-I to buy Goldmine's California ski area for approximately 10 mln dlrs. S-K-I, which owns Killlington and Mount Snow ski resorts in Vt., said the California ski area is located in the San Bernardino mountains. The company ...
ALLEGIS'<AEG>WESTIN SETS NEWS CONFERENCE ON SALE
Westin Hotels and Resorts, a subsidiary of Allegis Corp, said it will hold a press conference on October 21 near San Francisco to discuss the pending sale of the 61-hotel chain by Allegis. Allegis has said that it plans to sell Westin buyt has not announced that a deal has been set. Reuter 
SWEDEN'S BOLIDEN TO OPEN SAUDI ARABIAN GOLD MINE
Mining group Boliden AB said it had agreed with Saudi state agency General Petroleum and Mineral Organisation (Petromin) to open a gold mine in Saudi Arabia to exploit one of the world's richest deposits of the metal. Boliden spokesman Goran Paulson told Reuters the Swedish group would be responsible for the techn...
IBM <IBM>, NYNEX <NYN> TO PARTICIPATE IN TEST
International Business Machines Corp said it and NYNEX Corp agreed to participate in an Integrated Services Digital Network field trial scheduled to begin in April 1988. The company said the trial is designed to aid in the development of international standards for Integrated Services interfaces that connect teleco...
AMERICAN REPUBLIC BANCORP <ARBC.O> 3RD QTR NET
Shr profit 32 cts vs profit nine cts Net profit 413,000 vs profit 63,000 Avg shrs 1,278,360 vs 728,476 Nine Mths Shr profit 68 cts vs loss 57 cts Net profit 708,000 vs loss 415,000 Avg shrs 1,041,697 vs 728,476 Reuter 
CAL FED INCOME PARTNERS L.P. <CFI> QUARTERLY DIV
Qtly div 25 cts vs 25 cts Pay Nov 16 Record Oct 30 Reuter 
CAL FED INCOME <CFI> BUYS TWO SHOPPING CENTERS
Cal Fed Income Partners L.P. said it has acquired two shopping centers for a total price of 18.4 mln dlrs. The company said it bought Best Plaza Shopping Center in Pleasanton, Calif., For 12 mln dlrs and Bristol Place Shopping Center in Santa Ana, Calif., for 16.4 mln dlrs. Reuter 
FIRSTIER FINANCIAL INC <FRST.O> 3RD QTR NET
Shr 1.05 dlrs vs 74 cts Net 5,244,000 vs 3,684,000 Nine Mths Shr 2.93 dlrs vs 2.14 dlrs Net 14.6 mln vs 10.6 mln Reuter 
<ADVANCED VIRAL> RESCHEDULES MEETING
Advanced Viral Research Corp said that its annual shareholders meeting has been rescheduled for November 12 from September 14. The company said the rescheduling was made to meet Securities and Exchange Commission regulations. It did not elaborate. Reuter 
SOUTHWEST BANCORP <SWB> 3RD QTR LOSS
Shr loss primary 82 cts vs profit 15 cts Shr loss diluted 82 cts vs 13 cts Net loss 4,134,000 vs profit 649,000 Avg shrs 5,030,000 vs 3,927,000 Nine Mths Shr loss primary 80 cts vs profit 37 cts Shr loss diluted 80 cts vs 32 cts Net loss 3,615,000 vs profit 1,652,000 Avg shrs 4,557,000 v...