1
<!DOCTYPE lewis SYSTEM "lewis.dtd">
2
<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16321" NEWID="1001">
3
<DATE> 3-MAR-1987 09:18:21.26</DATE>
5
<PLACES><D>usa</D><D>ussr</D></PLACES>
8
<EXCHANGES></EXCHANGES>
9
<COMPANIES></COMPANIES>
12
f0288reute
13
d f BC-SANDOZ-PLANS-WEEDKILL 03-03 0095</UNKNOWN>
15
<TITLE>SANDOZ PLANS WEEDKILLER JOINT VENTURE IN USSR</TITLE>
16
<DATELINE> BASLE, March 3 - </DATELINE><BODY>Sandoz AG said it planned a joint venture
17
to produce herbicides in the Soviet Union.
18
The company said it had signed a letter of intent with the
19
Soviet Ministry of Fertiliser Production to form the first
20
foreign joint venture the ministry had undertaken since the
21
Soviet Union allowed Western firms to enter into joint ventures
23
The ministry and Sandoz will each have a 50 pct stake, but
24
a company spokeswoman was unable to give details of the size of
25
investment or planned output.
29
<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16322" NEWID="1002">
30
<DATE> 3-MAR-1987 09:19:31.96</DATE>
32
<PLACES><D>usa</D><D>taiwan</D></PLACES>
35
<EXCHANGES></EXCHANGES>
36
<COMPANIES></COMPANIES>
39
f0295reute
40
d f BC-TAIWAN-REJECTS-TEXTIL 03-03 0137</UNKNOWN>
42
<TITLE>TAIWAN REJECTS TEXTILE MAKERS EXCHANGE RATE PLEA</TITLE>
43
<DATELINE> TAIPEI, March 3 - </DATELINE><BODY>Central bank governor Chang Chi-cheng
44
rejected a request by textile makers to halt the rise of the
45
Taiwan dollar against the U.S. Dollar to stop them losing
46
orders to South Korea, Hong Kong and Singapore, a spokesman for
47
the Taiwan Textile Federation said.
48
He quoted Chang as telling representatives of 19 textile
49
associations last Saturday the government could not fix the
50
Taiwan dollar exchange rate at 35 to one U.S. Dollar due to
51
U.S. Pressure for an appreciation of the local currency.
52
The Federation asked the government on February 19 to hold
53
the exchange rate at that level.
54
The federation said in its request that many local textile
55
exporters were operating without profit and would go out of
56
business if the rate continued to fall.
60
<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16323" NEWID="1003">
61
<DATE> 3-MAR-1987 09:20:23.32</DATE>
62
<TOPICS><D>earn</D></TOPICS>
63
<PLACES><D>usa</D></PLACES>
66
<EXCHANGES></EXCHANGES>
67
<COMPANIES></COMPANIES>
70
f0296reute
71
d f BC-NATIONAL-FSI-INC-<NFS 03-03 0080</UNKNOWN>
73
<TITLE>NATIONAL FSI INC <NFSI> 4TH QTR LOSS</TITLE>
74
<DATELINE> DALLAS, March 3 -
75
</DATELINE><BODY>Shr loss six cts vs profit 19 cts
76
Net loss 166,000 vs profit 580,000
77
Revs 3,772,000 vs 5,545,000
79
Shr loss 13 cts vs profit 52 cts
80
Net loss 391,000 vs profit 1,425,000
81
Revs 15.4 mln vs 16.6 mln
82
NOTE: 1985 year figures pro forma for purchase accounting
83
adjustments resulting from March 1985 reeacquisition of company
84
by its original shareholders before August 1985 initial public
89
<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16324" NEWID="1004">
90
<DATE> 3-MAR-1987 09:21:39.11</DATE>
92
<PLACES><D>usa</D></PLACES>
95
<EXCHANGES></EXCHANGES>
96
<COMPANIES></COMPANIES>
99
f0301reute
100
r f BC-OCCIDENTAL-<OXY>-OFFI 03-03 0049</UNKNOWN>
102
<TITLE>OCCIDENTAL <OXY> OFFICIAL RESIGNS</TITLE>
103
<DATELINE> LOMBARD, Ill., March 3 - </DATELINE><BODY>MidCon Corp, a subsidiary of
104
Occidental Petroleum Corp <OXY>, said William C. Terpstra has
105
resigned as president and chief operating officer and his
106
reponsibilities will be assumed by MidCon chairman O.C. Davis.
111
<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16325" NEWID="1005">
112
<DATE> 3-MAR-1987 09:25:48.88</DATE>
114
<PLACES><D>italy</D></PLACES>
117
<EXCHANGES></EXCHANGES>
118
<COMPANIES></COMPANIES>
121
f0308reute
122
u f BC-ITALY'S-BNL-TO-ISSUE 03-03 0101</UNKNOWN>
124
<TITLE>ITALY'S BNL TO ISSUE 120 MLN DLR CONVERTIBLE BOND</TITLE>
125
<DATELINE> ROME, March 3 - </DATELINE><BODY>Italy's state-owned <Banca Nazionale del
126
Lavoro - BNL> said it would issue 120 mln dlrs of five-year
127
convertible eurobonds, an operation to be lead-managed by
128
<Credit Suisse-First Boston Ltd>.
129
BNL president Nerio Nesi told a news conference that the
130
issue, to be placed on the main international markets and
131
listed in Luxembourg, would be the first equity linked issue by
132
an Italian bank on the Euromarket.
133
BNL officials said the issue is scheduled for mid-March and
134
additional financial details were not immediately available.
135
They said the operation would be through the issue of
136
depositary receipts by BNL's London branch. They said the bonds
137
would carry warrants issued by its <Efibanca> subsidiary and
138
convertible into BNL saving shares within five years.
139
The officials said a banking consortium led by Credit
140
Suisse-First Boston would at the same time arrange for the
141
private placing of an unspecified number of BNL savings shares
142
with foreign institutional investors.
143
The operation was to further its aim of obtaining a listing
144
on foreign stock exchanges with a view to future capital
145
increases through ordinary share issues, they said.
149
<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16326" NEWID="1006">
150
<DATE> 3-MAR-1987 09:27:51.06</DATE>
152
<PLACES><D>usa</D></PLACES>
155
<EXCHANGES></EXCHANGES>
156
<COMPANIES></COMPANIES>
159
f0313reute
160
u f BC-GE-<GE>-SAYS-AMR-<AMR 03-03 0076</UNKNOWN>
162
<TITLE>GE <GE> SAYS AMR <AMR> ORDER WORTH 650 MLN DLRS</TITLE>
163
<DATELINE> EVENDALE, Ohio, March 3 - </DATELINE><BODY>General Electric Co said AMR
164
Corp's oprder of GE CFG-80C2 engines to power 25 new <Airbus
165
Industrie> A300-600R and 15 Boeing Co <BA> 767-300ER twinjets
166
is worth over 650 mln dlrs.
167
The company said the order is the largest single one it has
168
ever received for commercial aircraft engines.
169
AMR announced the order earlier today.
170
GE said deliveries will start in early 1988.
174
<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16327" NEWID="1007">
175
<DATE> 3-MAR-1987 09:30:07.60</DATE>
176
<TOPICS><D>earn</D></TOPICS>
177
<PLACES><D>canada</D></PLACES>
180
<EXCHANGES></EXCHANGES>
181
<COMPANIES></COMPANIES>
184
f0314reute
185
r f BC-precambrian-shield 03-03 0054</UNKNOWN>
187
<TITLE><PRECAMBRIAN SHIELD RESOURCES LTD> YEAR LOSS</TITLE>
188
<DATELINE> CALGARY, Alberta, March 3 -
189
</DATELINE><BODY>Shr loss 1.93 dlrs vs profit 16 cts
190
Net loss 53,412,000 vs profit 4,479,000
191
Revs 24.8 mln vs 32.7 mln
192
Note: 1986 shr and net include 51,187,000 dlr writedown on
193
U.S. operations, uneconomic coal operations and other mineral
198
<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16328" NEWID="1008">
199
<DATE> 3-MAR-1987 09:30:48.45</DATE>
200
<TOPICS><D>money-fx</D><D>interest</D></TOPICS>
201
<PLACES><D>uk</D></PLACES>
204
<EXCHANGES></EXCHANGES>
205
<COMPANIES></COMPANIES>
208
f0316reute
209
b f BC-U.K.-MONEY-MARKET-GIV 03-03 0094</UNKNOWN>
211
<TITLE>U.K. MONEY MARKET GIVEN FURTHER 437 MLN STG HELP</TITLE>
212
<DATELINE> LONDON, March 3 - </DATELINE><BODY>The Bank of England said it had provided the
213
money market with a further 437 mln stg assistance in the
214
afternoon session. This brings the Bank's total help so far
215
today to 461 mln stg and compares with its revised shortage
216
forecast of 450 mln stg.
217
The central bank made purchases of bank bills outright
218
comprising 120 mln stg in band one at 10-7/8 pct and 315 mln
219
stg in band two at 10-13/16 pct.
220
In addition, it also bought two mln stg of treasury bills
221
in band two at 10-13/16 pct.
225
<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16329" NEWID="1009">
226
<DATE> 3-MAR-1987 09:32:34.04</DATE>
227
<TOPICS><D>earn</D></TOPICS>
228
<PLACES><D>usa</D></PLACES>
231
<EXCHANGES></EXCHANGES>
232
<COMPANIES></COMPANIES>
235
f0323reute
236
d f BC-GREASE-MONKEY-HOLDING 03-03 0024</UNKNOWN>
238
<TITLE>GREASE MONKEY HOLDING CORP <GMHC> YEAR NOV 30</TITLE>
239
<DATELINE> DENVER, March 3 -
240
</DATELINE><BODY>Shr nil vs nil
241
Net 130,998 vs 30,732
242
Revs 1,568,941 vs 1,0053,234
246
<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16330" NEWID="1010">
247
<DATE> 3-MAR-1987 09:33:32.98</DATE>
248
<TOPICS><D>earn</D></TOPICS>
249
<PLACES><D>usa</D></PLACES>
252
<EXCHANGES></EXCHANGES>
253
<COMPANIES></COMPANIES>
256
f0331reute
257
d f BC-ACCEPTANCE-INSURANCE 03-03 0058</UNKNOWN>
259
<TITLE>ACCEPTANCE INSURANCE HOLDINGS INC <ACPT> YEAR</TITLE>
260
<DATELINE> OMAHA, March 3 -
261
</DATELINE><BODY>Oper shr profit 1.80 dlrs vs loss 2.28 dlrs
262
Oper net profit 2,048,0000 vs loss 1,318,000
263
Revs 25.4 mln vs 12.3 mln
264
Avg shrs 1,135,000 vs 576,000
265
NOTE: Net excludes realized investment gains of 40,000 dlrs
267
1986 net excludes 729,000 dlr tax credit.
271
<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16331" NEWID="1011">
272
<DATE> 3-MAR-1987 09:35:03.37</DATE>
273
<TOPICS><D>earn</D></TOPICS>
274
<PLACES><D>usa</D></PLACES>
277
<EXCHANGES></EXCHANGES>
278
<COMPANIES></COMPANIES>
281
f0333reute
282
u f BC-MINSTAR-INC-<MNST>-4T 03-03 0064</UNKNOWN>
284
<TITLE>MINSTAR INC <MNST> 4TH QTR NET</TITLE>
285
<DATELINE> MINNEAPOLIS, MINN., March 3 -
286
</DATELINE><BODY>Oper shr loss 31 cts vs loss 30 cts
287
Oper net loss 5,429,000 vs loss 5,216,000
288
Revs 257.5 mln vs 243.6 mln
289
Avg shrs 17.5 mln vs 13.5 mln
291
Oper shr loss eight cts vs profit 28 cts
292
Oper net loss 1,324,000 vs profit 4,067,000
293
Revs 989.5 mln vs 747.9 mln
294
Avg shrs 17.6 mln vs 15.7 mln
296
NOTE: 1986 operating net loss excludes income from
297
discontinued operations equal to 11 cts in the quarter and 66
298
cts in the year compared with 1.07 dlrs in the quarter and 1.23
299
dlrs in the respective periods of 1985.
300
1986 operating net loss also excludes extraordinary charges
301
of 14 cts in the quarter and 54 cts in the year.
302
1985 operating net profit excludes an extraordinary gain of
307
<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16332" NEWID="1012">
308
<DATE> 3-MAR-1987 09:37:19.17</DATE>
310
<PLACES><D>switzerland</D></PLACES>
313
<EXCHANGES></EXCHANGES>
314
<COMPANIES></COMPANIES>
317
f0338reute
318
u f BC-DAI-ICHI-HOTEL-SWISS 03-03 0080</UNKNOWN>
320
<TITLE>DAI-ICHI HOTEL SWISS FRANC NOTES COUPON CUT</TITLE>
321
<DATELINE> ZURICH, March 3 - </DATELINE><BODY>The coupon on Dai-Ichi Hotel Ltd's 50 mln
322
Swiss franc issue of five-year notes with equity warrants has
323
been cut to 1-5/8 pct from the indicated 1-7/8 pct, lead
324
manager Swiss Volksbank said.
325
The warrants have an exercise price of 1,507 yen per share,
326
compared with the last traded price of 1,470 yen, it said.
327
The notes are guarantees by Long-Term Credit Bank of Japan
328
Ltd. Payment is due on March 25.
332
<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16333" NEWID="1013">
333
<DATE> 3-MAR-1987 09:37:43.02</DATE>
334
<TOPICS><D>earn</D></TOPICS>
335
<PLACES><D>canada</D></PLACES>
338
<EXCHANGES></EXCHANGES>
339
<COMPANIES></COMPANIES>
342
f0339reute
343
r f BC-mark-resources-inc 03-03 0044</UNKNOWN>
345
<TITLE><MARK RESOURCES INC> YEAR LOSS</TITLE>
346
<DATELINE> CALGARY, Alberta, March 3 -
347
</DATELINE><BODY>Shr not given
350
Note: Prior year results not given. 1986 results include
351
accounts of 89 pct owned <Precambrian Shield Resources Ltd>,
352
acquired November 5, 1986
356
<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16334" NEWID="1014">
357
<DATE> 3-MAR-1987 09:37:53.73</DATE>
359
<PLACES><D>uk</D></PLACES>
362
<EXCHANGES></EXCHANGES>
363
<COMPANIES></COMPANIES>
366
f0340reute
367
r f BC-SAAB-SCANIA-ISSUES-15 03-03 0078</UNKNOWN>
369
<TITLE>SAAB-SCANIA ISSUES 150 MLN DLR EUROBOND</TITLE>
370
<DATELINE> LONDON, March 3 - </DATELINE><BODY>Saab-Scania AB is issuing a 150 mln dlr
371
eurobond due April 2, 1992 paying 7-3/4 pct and priced at
372
101-3/4 pct, lead manager Morgan Guaranty Ltd said.
373
The bond is available in denominations of 5,000 and 50,000
374
dlrs and will be listed in London. Payment date is April 2,
376
Fees comprise 1-1/4 pct selling concession and 5/8 pct
377
management and underwriting combined, and listing will be in
382
<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16335" NEWID="1015">
383
<DATE> 3-MAR-1987 09:38:16.31</DATE>
384
<TOPICS><D>earn</D></TOPICS>
385
<PLACES><D>usa</D></PLACES>
388
<EXCHANGES></EXCHANGES>
389
<COMPANIES></COMPANIES>
392
f0341reute
393
d f BC-TRANSFORM-LOGIC-<TOOG 03-03 0133</UNKNOWN>
395
<TITLE>TRANSFORM LOGIC <TOOG> REVISES RESULTS DOWNWARD</TITLE>
396
<DATELINE> SCOTTSDALE, Ariz., March 3 - </DATELINE><BODY>Transform Logic Corp said it
397
has revised downward its previously reported fourth quarter and
398
year, ended October 31, results to reflect compensation expense
399
for employee stock options.
400
The company said resolution of this disagreement with its
401
auditors came as a result of Securities and Exchange Commission
402
involvement. The company will amend its option-granting
403
procedure to conform to the SEC decision which will eliminate
404
future charges, it added.
405
Transform said its fourth quarter profit was revised to
406
305,082 dlrs, or two cts a share, from the previously reported
407
580,955 dlrs, which left the company with a fiscal 1986 loss of
408
249,814 dlrs, or two cts a share, instead of the reported
413
<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16336" NEWID="1016">
414
<DATE> 3-MAR-1987 09:38:28.76</DATE>
415
<TOPICS><D>earn</D></TOPICS>
416
<PLACES><D>usa</D></PLACES>
419
<EXCHANGES></EXCHANGES>
420
<COMPANIES></COMPANIES>
423
f0342reute
424
r f BC-AMERICAN-STORES-<ASC> 03-03 0061</UNKNOWN>
426
<TITLE>AMERICAN STORES <ASC> SEES LOWER YEAR NET</TITLE>
427
<DATELINE> SALT LAKE CITY, March 3 - </DATELINE><BODY>American Stores Co said it
428
expects to report earnings per share of 3.70 to 3.85 dlrs per
429
share on sales of slightly over 14 billion dlrs for the year
431
The supermarket chain earned 4.11 dlrs per share on sales
432
of 13.89 billion dlrs last year.
433
The company did not elaborate.
437
<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16337" NEWID="1017">
438
<DATE> 3-MAR-1987 09:38:33.69</DATE>
439
<TOPICS><D>earn</D></TOPICS>
440
<PLACES><D>usa</D></PLACES>
443
<EXCHANGES></EXCHANGES>
444
<COMPANIES></COMPANIES>
447
f0343reute
448
r f BC-KASLER-CORP-<KASL>-1S 03-03 0031</UNKNOWN>
450
<TITLE>KASLER CORP <KASL> 1ST QTR JAN 31 NET</TITLE>
451
<DATELINE> SAN BERNARDINO, Calif., March 3 -
452
</DATELINE><BODY>Shr profit three cts vs loss seven cts
453
Net profit 161,000 vs loss 367,000
454
Revs 24.3 mln vs 26.5 mln
458
<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16338" NEWID="1018">
459
<DATE> 3-MAR-1987 09:41:45.44</DATE>
461
<PLACES><D>usa</D></PLACES>
464
<EXCHANGES></EXCHANGES>
465
<COMPANIES></COMPANIES>
468
f0346reute
469
r f BC-CARIBBEAN-SELECT-<CSE 03-03 0091</UNKNOWN>
471
<TITLE>CARIBBEAN SELECT <CSEL> TO REDEEM WARRANTS</TITLE>
472
<DATELINE> TAMPA, Fla., March 3 - </DATELINE><BODY>Caribbean Select Inc said it has
473
elected to redeem on April 10 all its Class A warrants and all
474
Class B warrants at 0.01 ct each.
475
At the same time, it said its board has decided to reduce
476
the exercise price of the Class B warrants to 3.50 dlrs per
477
common share from four dlrs to encourage the exercise of the
478
warrants. Each Class B warrant allows the purchase of one
480
It said each Class A warrant is still exercisable into one
481
common share at two dlrs each.
485
<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16339" NEWID="1019">
486
<DATE> 3-MAR-1987 09:45:18.22</DATE>
487
<TOPICS><D>earn</D></TOPICS>
488
<PLACES><D>uk</D></PLACES>
491
<EXCHANGES></EXCHANGES>
492
<COMPANIES></COMPANIES>
495
f0356reute
496
d f BC-UNILEVER-HAS-IMPROVED 03-03 0099</UNKNOWN>
498
<TITLE>UNILEVER HAS IMPROVED MARGINS, VOLUMES IN 1986</TITLE>
499
<DATELINE> LONDON, MARCH 3 - </DATELINE><BODY>Unilever Plc <UN.A> and NV group reported
500
improvements in margins and underlying sales volume growth of
501
five pct in 1986 after stripping out the effects of falling
502
prices, disposals and currency movements, Unilever Plc chairman
504
He told reporters that volumes in North America increased
505
some 10.5 pct while European consumer goods rose about 2.5 pct
506
after being flat for some years.
507
Much of the disposal strategy, aimed at concentrating
508
activities on core businesses, had now been completed, he
510
But the process of acquisitions would go on, with strategic
511
acquisitions taking place "from time to time," he said.
512
The company earlier reported a 20 pct rise in pre-tax
513
profits for 1986 to 1.14 billion stg from 953 mln previously.
514
In guilder terms, however, profits at the pre-tax level dropped
515
three pct to 3.69 billion from 3.81 billion.
516
Angus said the recent purchase of Chesebrough-Pond's Inc
517
<CBM.N> for 72.50 dlrs a share was unlikely to bring any
519
However, it would not add much to profits, with much of the
520
company's operating profits paying for the acquisition costs.
521
Finance director Niall Fitzgerald added that while gearing
522
- debt to equity plus debt - rose to about 60 pct at end 1986
523
from 35 pct last year, this was expected to drop back to about
525
The same divergence was made in full year dividend, with
526
Unilever NV's rising 3.4 pct to 15.33 guilders and Unilever
527
Plc's increasing 29.9 pct to 50.17p, approximately in line with
528
the change in attributable profit.
529
Angus said the prospectus for the sale of parts of
530
Chesebrough was due to be published shortly. However, he said
531
that there was no target date for completing the process.
532
He also declined to say what sort of sum Unilever hoped to
533
realise from the operation, beyond noting that Chesebrough had
534
paid around 1.25 billion dlrs for Stauffer Chemical Co, which
535
operates outside Unilever's core activities.
536
In the U.S., Organic growth from the Lipton Foods business,
537
considerable expansion in the household products business and
538
in margarine had been behind the overall sales increase.
539
However, he noted that the U.S. Household products business
540
had turned in a planned loss, with fourth quarter performance
541
better than expected despite the anticipated heavy launch costs
542
of its Surf detergents.
546
<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16340" NEWID="1020">
547
<DATE> 3-MAR-1987 09:45:29.48</DATE>
548
<TOPICS><D>acq</D></TOPICS>
549
<PLACES><D>usa</D></PLACES>
552
<EXCHANGES></EXCHANGES>
553
<COMPANIES></COMPANIES>
556
f0357reute
557
r f BC-SARA-LEE-<SLE>-TO-BUY 03-03 0096</UNKNOWN>
559
<TITLE>SARA LEE <SLE> TO BUY 34 PCT OF DIM</TITLE>
560
<DATELINE> CHICAGO, March 3 - </DATELINE><BODY>Sara Lee Corp said it agreed to buy a 34
561
pct interest in Paris-based DIM S.A., a subsidiary of BIC S.A.,
562
at a cost of about 84 mln dlrs.
563
DIM S.A., a hosiery manufacturer, had 1985 sales of about
565
The investment includes the purchase of 360,537 newly
566
issued DIM shares valued at about 51 mln dlrs and a loan of
567
about 33 mln dlrs, it said. The loan is convertible into an
568
additional 229,463 DIM shares, it noted.
569
The proposed agreement is subject to approval by the French
574
<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16341" NEWID="1021">
575
<DATE> 3-MAR-1987 09:45:54.32</DATE>
577
<PLACES><D>usa</D></PLACES>
580
<EXCHANGES></EXCHANGES>
581
<COMPANIES></COMPANIES>
584
f0358reute
585
r f BC-HOLIDAY-CORP-<HIA>-HO 03-03 0086</UNKNOWN>
587
<TITLE>HOLIDAY CORP <HIA> HOTEL GROUP ADDS PROPERTIES</TITLE>
588
<DATELINE> MEMPHIS, Tenn., March 3 - </DATELINE><BODY>Holiday Corp's Holiday Inn Hotel
589
Group said it will add a record 17 hotels with 4,440 rooms to
590
its international division as part of its plan to double its
591
presence abroad by 1995.
592
The company said its international division will reach
593
50,000 rooms by this spring, classifying it as the eighth
594
largest hotel chain in the world. Holiday said by the end of
595
the year, there will be approximately 220 Holiday Inn hotels in
597
The company said it plans to expand from 28 to 55 hotels in
598
its Asia/Pacific region and to 192 in its Europe/Middle
599
East/Africa regionby 1995.
600
For 1987, the hotel group will focus on expansion on
601
Western Europe and Asia, citing China as an untapped source for
602
the international lodging industry.
603
Holiday also said it will concentrate on city center hotels
604
in key destination cities in Western Europe, catering primarily
605
to business travelers.
606
Some of those cities where Holiday said it will open new
607
properties this year include Amsterdam, Lyon/Atlas and Lisbon.
611
<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16342" NEWID="1022">
612
<DATE> 3-MAR-1987 09:46:36.82</DATE>
613
<TOPICS><D>trade</D></TOPICS>
614
<PLACES><D>usa</D><D>china</D></PLACES>
617
<EXCHANGES></EXCHANGES>
618
<COMPANIES></COMPANIES>
621
f0360reute
622
r f BC-CHINA-CALLS-FOR-BETTE 03-03 0140</UNKNOWN>
624
<TITLE>CHINA CALLS FOR BETTER TRADE DEAL WITH U.S.</TITLE>
625
<DATELINE> PEKING, March 3 - </DATELINE><BODY>China called on the United States to
626
remove curbs on its exports, to give it favourable trading
627
status and ease restrictions on exports of high technology.
628
But the U.S. Embassy replied that Chinese figures showing
629
13 years of trade deficits with the U.S. Out of the last 15 are
630
inaccurate and said Peking itself would have to persuade
631
Congress to change laws which limit its exports.
632
The official International Business newspaper today
633
published China's demands in a editorial to coincide with the
634
visit of U.S. Secretary of State George Shultz.
635
"It is extremely important that the U.S. Market reduce its
636
restrictions on Chinese imports, provide the needed facilities
637
for them and businessmen from both sides help to expand Chinese
638
exports," the editorial said.
639
"The U.S. Should quickly discard its prejudice against
640
favourable tariff treatment for Chinese goods and admit China
641
into the Generalised System of Preference (GSP).
642
"Despite easing of curbs on U.S. Technology exports in
643
recent years, control of them is still extremely strict and
644
influences normal trade between the two countries," it added.
645
The paper also printed an article by China's commercial
646
counsellor in its Washington embassy, Chen Shibiao, who said
647
that "all kinds of difficulties and restrictions" were preventing
648
bilateral trade fulfilling its full potential.
649
He named them as U.S. Protectionist behaviour, curbs on
650
technology transfer and out-of-date trade legislation.
654
<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16343" NEWID="1023">
655
<DATE> 3-MAR-1987 09:46:55.59</DATE>
656
<TOPICS><D>lei</D></TOPICS>
657
<PLACES><D>usa</D></PLACES>
660
<EXCHANGES></EXCHANGES>
661
<COMPANIES></COMPANIES>
664
f0361reute
665
u f BC-/U.S.-COMMERCE-SECRET 03-03 0106</UNKNOWN>
667
<TITLE>U.S. COMMERCE SECRETARY SAYS EXPORT RISE NEEDED</TITLE>
668
<DATELINE> WASHINGTON, March 3 - </DATELINE><BODY>Commerce Secretary Malcolm Baldrige
669
said after the release of a sharply lower January leading
670
indicator index that a pickup in exports is needed.
671
"The best tonic for the economy now would be a pickup in net
672
exports," he said in a statement after the department reported
673
the index fell 1.0 pct in January from December, the sharpest
674
drop since a 1.7 pct fall in July, 1984.
675
The main reasons for the January decline after a 2.3 pct
676
December rise were declines in building permits, new orders for
677
plant and equipment and for consumer and industrial goods.
681
<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16344" NEWID="1024">
682
<DATE> 3-MAR-1987 09:47:47.16</DATE>
683
<TOPICS><D>earn</D></TOPICS>
684
<PLACES><D>canada</D></PLACES>
687
<EXCHANGES></EXCHANGES>
688
<COMPANIES></COMPANIES>
691
f0366reute
692
r f BC-precambrian-takes 03-03 0108</UNKNOWN>
694
<TITLE>PRECAMBRIAN SHIELD TAKES 51 MLN DLR WRITEDOWN</TITLE>
695
<DATELINE> CALGARY, Alberta, March 3 - </DATELINE><BODY><Precambrian Shield Resources
696
Ltd>, earlier reporting a large loss against year-ago profit,
697
said the 1986 loss was mainly due to a 51,187,000 dlr writedown
698
on its U.S. operations, uneconomic coal and other mineral
700
Precambrian, which is 89 pct owned by <Mark Resources Inc>,
701
said it took the writedown in accordance with new Canadian
702
Insititute of Chartered Accountants guidelines for full cost
703
method accounting by oil and gas companies.
704
Precambrian earlier reported a 1986 loss of 53.4 mln dlrs,
705
compared to profit of 4.5 mln dlrs in the prior year.
709
<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16345" NEWID="1025">
710
<DATE> 3-MAR-1987 09:48:24.78</DATE>
712
<PLACES><D>usa</D></PLACES>
715
<EXCHANGES><D>nasdaq</D></EXCHANGES>
716
<COMPANIES></COMPANIES>
719
f0367reute
720
r f BC-AERO-SERVICES-<AEROE> 03-03 0075</UNKNOWN>
722
<TITLE>AERO SERVICES <AEROE> GETS NASDAQ EXCEPTION</TITLE>
723
<DATELINE> TETERBORO, N.J., March 3 - </DATELINE><BODY>Aero Services Inc said its
724
common stock will continue to be included for quotation in the
725
National Association of Securities Dealers' NASDAQ system due
726
to an exception from filing requiements, which it failed to
727
meet as of January 15.
728
The company said while it believes it can meet conditions
729
the NASD imposed for the exception, there can be no assurance
734
<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16346" NEWID="1026">
735
<DATE> 3-MAR-1987 09:49:23.53</DATE>
736
<TOPICS><D>coffee</D><D>crude</D></TOPICS>
737
<PLACES><D>kenya</D></PLACES>
740
<EXCHANGES></EXCHANGES>
741
<COMPANIES></COMPANIES>
744
f0373reute
745
r f BC-KENYAN-ECONOMY-FACES 03-03 0099</UNKNOWN>
747
<TITLE>KENYAN ECONOMY FACES PROBLEMS, PRESIDENT SAYS</TITLE>
748
<DATELINE> NAIROBI, March 3 - </DATELINE><BODY>The Kenyan economy is heading for
749
difficult times after a boom last year, and the country must
750
tighten its belt to prevent the balance of payments swinging
751
too far into deficit, President Daniel Arap Moi said.
752
In a speech at the state opening of parliament, Moi said
753
high coffee prices and cheap oil in 1986 led to economic growth
754
of five pct, compared with 4.1 pct in 1985.
755
The same factors produced a two billion shilling balance of
756
payments surplus and inflation fell to 5.6 pct from 10.7 pct in
758
"But both these factors are no longer in our favour ... As a
759
result, we cannot expect an increase in foreign exchange
760
reserves during the year," he said.
761
The price of coffee, Kenya's main source of foreign
762
exchange, fell in London today to about 94 cents a pound from a
763
peak of 2.14 dlrs in January 1986.
764
Crude oil, which early last year slipped below 10 dlrs a
765
barrel, has since crept back to over 18 dlrs.
766
Moi said the price changes, coupled with a general decline
767
in the flow of capital from the rest of the world, made it more
768
difficult to finance the government's budget deficit.
769
Kenya was already spending over 27 pct of its budget on
770
servicing its debts and last year it was a net exporter of
771
capital for the first time in its history, he added.
772
"This is a clear indication that we are entering a difficult
773
phase as regards our external debts, and it is imperative that
774
we raise the rate of domestic savings and rely less on foreign
775
sources to finance our development," he said.
776
"It will be necessary to maintain strict discipline on
777
expenditure ... And members of this house will have to take the
778
lead in encouraging wananchi (ordinary people) to be more
779
frugal in satisfying immediate needs," the president added.
783
<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16347" NEWID="1027">
784
<DATE> 3-MAR-1987 09:49:45.02</DATE>
786
<PLACES><D>usa</D></PLACES>
789
<EXCHANGES></EXCHANGES>
790
<COMPANIES></COMPANIES>
793
f0375reute
794
r f BC-TRI-STAR-<TRSP>-CHANG 03-03 0079</UNKNOWN>
796
<TITLE>TRI-STAR <TRSP> CHANGING FISCAL YEAR</TITLE>
797
<DATELINE> NEW YORK, March 3 - </DATELINE><BODY>Tri-Star Pictures Inc said it is
798
changing its fiscal year to year ending at the end of February
799
from a calendar year to reflect the traditional business cycles
800
of its two principal businesses, motion picture distribution
801
and motion picture exhibition.
802
It said it expects to file a report for the two-month
803
fiscal "year" ended February 28, 1987 by May 28 and to report
804
earnings for the new first quarter in June.
808
<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16348" NEWID="1028">
809
<DATE> 3-MAR-1987 09:50:34.51</DATE>
811
<PLACES><D>usa</D></PLACES>
814
<EXCHANGES></EXCHANGES>
815
<COMPANIES></COMPANIES>
818
f0378reute
819
u f BC-LIFETIME-<LFT>-TO-MAK 03-03 0055</UNKNOWN>
821
<TITLE>LIFETIME <LFT> TO MAKE ANNOUNCEMENT</TITLE>
822
<DATELINE> NEW YORK, March 3 - </DATELINE><BODY>Lifetime Corp said it will make an
823
announcement this morning between 1000 EST and 1030 EST.
824
A company spokesman said the company preferred not to
825
comment until that time.
826
The American Stock Exchange delayed trading in Lifetime
827
shares this morning for news pending.
831
<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16349" NEWID="1029">
832
<DATE> 3-MAR-1987 09:53:44.44</DATE>
833
<TOPICS><D>acq</D></TOPICS>
834
<PLACES><D>usa</D></PLACES>
837
<EXCHANGES></EXCHANGES>
838
<COMPANIES></COMPANIES>
841
f0389reute
842
r f BC-scott's-hospitality 03-03 0071</UNKNOWN>
844
<TITLE>SCOTT'S HOSPITALITY ACQUIRES CAPITAL FOOD</TITLE>
845
<DATELINE> TORONTO, March 3 - </DATELINE><BODY><Scott's Hospitality Inc> said it
846
acquired all issued shares of Capital Food Services Ltd, of
847
Ottawa. Terms were not disclosed.
848
Scott's said Capital Food had 1986 sales of more than 20
849
mln dlrs and will continue to operate under its present name
850
with existing management.
851
Capital Food provides food services to several Ottawa
852
institutions, the company said.
856
<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16350" NEWID="1030">
857
<DATE> 3-MAR-1987 09:57:02.21</DATE>
858
<TOPICS><D>coffee</D></TOPICS>
859
<PLACES><D>zimbabwe</D></PLACES>
862
<EXCHANGES></EXCHANGES>
863
<COMPANIES></COMPANIES>
866
f0399reute
867
r f BC-ZIMBABWE-COFFEE-OUTPU 03-03 0099</UNKNOWN>
869
<TITLE>ZIMBABWE COFFEE OUTPUT SET TO RISE</TITLE>
870
<DATELINE> HARARE, March 3 - </DATELINE><BODY>Zimbabwean coffee output will reach
871
13,000 tonnes this year, up on just over 11,000 tonnes produced
872
in 1986, the Commercial Coffee Growers Association said.
873
Administrative Executive Robin Taylor told the domestic
874
news agency ZIANA that Zimbabwe earned the equivalent of 33 mln
875
U.S. Dlrs from coffee exports last year. He would not say how
876
much the country would earn in 1987.
877
Taylor said the 173 commercial coffee growers under his
878
association had increased production from 5,632 tonnes in 1980
879
to more than 11,000 tonnes in l986.
883
<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16351" NEWID="1031">
884
<DATE> 3-MAR-1987 09:58:00.11</DATE>
886
<PLACES><D>usa</D></PLACES>
889
<EXCHANGES></EXCHANGES>
890
<COMPANIES></COMPANIES>
893
f0401reute
894
r f BC-YANKEE-<YNK>-SWAPS-ST 03-03 0048</UNKNOWN>
896
<TITLE>YANKEE <YNK> SWAPS STOCK FOR DEBENTURES</TITLE>
897
<DATELINE> COHASSET, Mass., March 3 - </DATELINE><BODY>Yankee Cos Inc said it has
898
acquired 3,916,000 dlrs of 7-1/2 pct convertible subordinated
899
debentures due May 15, 1998 of its YFC International Finance NV
900
affiliate for 501,807 common shares from an institutional
905
<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16352" NEWID="1032">
906
<DATE> 3-MAR-1987 10:00:52.96</DATE>
907
<TOPICS><D>acq</D></TOPICS>
908
<PLACES><D>usa</D></PLACES>
911
<EXCHANGES></EXCHANGES>
912
<COMPANIES></COMPANIES>
915
f0408reute
916
d f BC-VIDEO-DISPLAY-<VIDE> 03-03 0082</UNKNOWN>
918
<TITLE>VIDEO DISPLAY <VIDE> TO SELL CABLE TV UNIT</TITLE>
919
<DATELINE> ATLANTA, March 3 - </DATELINE><BODY>Video Display Corfp said it has reached
920
a tentiative agreement to sell its existing cable television
921
business for undisclosed terms and expects to report a gain on
922
the transaction. The buyer was not named.
923
The company said it will redeploy its service assets into
924
manufacturing and distribution.
925
It said the operations being sold accounted for about five
926
pct of revenues for the year ended February 28 and lost money.
930
<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16353" NEWID="1033">
931
<DATE> 3-MAR-1987 10:00:57.16</DATE>
932
<TOPICS><D>earn</D></TOPICS>
933
<PLACES><D>usa</D></PLACES>
936
<EXCHANGES></EXCHANGES>
937
<COMPANIES></COMPANIES>
940
f0409reute
941
d f BC-INTEK-DIVERSIFIED-COR 03-03 0041</UNKNOWN>
943
<TITLE>INTEK DIVERSIFIED CORP <IDCC> 4TH QTR NET</TITLE>
944
<DATELINE> LOS ANGELES, March 3 -
945
</DATELINE><BODY>Shr three cts vs three cts
946
Net 98,20000 vs 91,898
947
Revs 2,843,520 vs 2,372,457
950
Net 401,179 vs 681,374
951
Revs 10.5 mln vs 9,699,535
955
<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16354" NEWID="1034">
956
<DATE> 3-MAR-1987 10:01:14.42</DATE>
958
<PLACES><D>usa</D></PLACES>
961
<EXCHANGES></EXCHANGES>
962
<COMPANIES></COMPANIES>
965
f0410reute
966
d f BC-BERYLLIUM-INT'L-SIGNS 03-03 0122</UNKNOWN>
968
<TITLE>BERYLLIUM INT'L SIGNS JOINT VENTURE PACT</TITLE>
969
<DATELINE> SALT LAKE CITY, Utah, March 3 - </DATELINE><BODY><Beryllium International
970
Corp> said it has signed a joint venture agreement with Cominco
971
American Inc, a unit of Cominco Ltd <CLT>, to develop a
972
beryllium mine and processing plant on Beryllium
973
International's property in the Topaz Mountains southwest of
975
Beryllium said as a 49 pct owner of the venture iot would
976
be contributing the mine while Cominco, as operator and 51 pct
977
owner, would conduct drilling, metallurgical studies, process
978
testing and other preliminary work for a feasibility study.
979
Beryllium said the cost of the preliminary work in 1987,
980
which will start immediately, should be about 250,000 dlrs to
985
<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16355" NEWID="1035">
986
<DATE> 3-MAR-1987 10:01:28.07</DATE>
987
<TOPICS><D>housing</D></TOPICS>
988
<PLACES><D>usa</D></PLACES>
991
<EXCHANGES></EXCHANGES>
992
<COMPANIES></COMPANIES>
995
f0411reute
996
f f BC-******U.S.-SINGLE-FAM 03-03 0014</UNKNOWN>
997
<TEXT TYPE="BRIEF">
998
******<TITLE>U.S. SINGLE-FAMILY HOME SALES FELL 6.8 PCT IN JAN AFTER REVISED 12.1 PCT DEC GAIN
999
</TITLE>Blah blah blah.
1004
<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16356" NEWID="1036">
1005
<DATE> 3-MAR-1987 10:02:11.63</DATE>
1006
<TOPICS><D>housing</D></TOPICS>
1007
<PLACES><D>usa</D></PLACES>
1010
<EXCHANGES></EXCHANGES>
1011
<COMPANIES></COMPANIES>
1014
f0415reute
1015
b f BC-/U.S.-HOME-SALES-FELL 03-03 0079</UNKNOWN>
1017
<TITLE>U.S. HOME SALES FELL 6.8 PCT IN JANUARY</TITLE>
1018
<DATELINE> WASHINGTON, March 3 - </DATELINE><BODY>Sales of new single-family homes in
1019
the United States fell 6.8 pct in January from December to a
1020
seasonally adjusted annual rate of 716,000 units, the Commerce
1022
The department revised downward December's sales to a 12.1
1023
pct rise to 768,000 units from the previously reported 12.7 pct
1025
The January decline in sales was the largest since last
1026
October when sales fell 9.3 pct.
1027
Before seasonal adjustment, the number of homes actually
1028
sold in January was 53,000, up from 49,000 in December but down
1029
from 59,000 in January, 1986.
1030
The January fall brought home sales to a level 1.6 pct
1031
below January, 1986, when they were a seasonally adjusted
1033
The average price was a record 127,100 dlrs, surpassing the
1034
previous record 119,100 price set in December.
1035
The median price of a home in January reached 100,700 dlrs
1036
-- the first time the price has exceeded 100,000 dlrs. That
1037
compared with a median price of 94,600 dlrs in December and
1038
94,000 dlrs in January a year ago.
1039
New homes available on the market in January totaled a
1040
seasonally adjusted 362,000 units, unchanged from December and
1041
equal to a 6.3 months' supply.
1042
The supply in December was 5.9 months.
1046
<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16357" NEWID="1037">
1047
<DATE> 3-MAR-1987 10:02:22.46</DATE>
1049
<PLACES><D>usa</D></PLACES>
1052
<EXCHANGES></EXCHANGES>
1053
<COMPANIES></COMPANIES>
1056
f0416reute
1057
r f BC-DIMIS-<DMS>-EXTENDS-L 03-03 0070</UNKNOWN>
1059
<TITLE>DIMIS <DMS> EXTENDS LIFE OF WARRANTS BRIEFLY</TITLE>
1060
<DATELINE> EATONTOWN, N.J., March 3 - </DATELINE><BODY>Dimis Inc said it has extended
1061
by five business days the expiration of its common stock
1062
purchase warrants until March Nine.
1063
It said over one mln have already been exercised. The
1064
warrants became effective February 17.
1065
Holders exercising will receive a new warrant expiring
1066
March 31 allowing the purchase of half a common share at one
1071
<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16358" NEWID="1038">
1072
<DATE> 3-MAR-1987 10:05:32.60</DATE>
1074
<PLACES><D>canada</D><D>usa</D></PLACES>
1077
<EXCHANGES></EXCHANGES>
1078
<COMPANIES></COMPANIES>
1081
f0441reute
1082
r f BC-american-barrick 03-03 0046</UNKNOWN>
1084
<TITLE>AMERICAN BARRICK <ABX> UNIT COMPLETES ISSUE</TITLE>
1085
<DATELINE> TORONTO, March 3 - </DATELINE><BODY><American Barrick Resources Corp> said
1086
wholly owned Barrick Resources (USA) Inc completed the
1087
previously announced 50 mln U.S. dlr issue of two pct gold
1088
indexed notes, which are guaranteed by American Barrick.
1092
<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16359" NEWID="1039">
1093
<DATE> 3-MAR-1987 10:07:42.19</DATE>
1094
<TOPICS><D>acq</D></TOPICS>
1095
<PLACES><D>usa</D></PLACES>
1098
<EXCHANGES></EXCHANGES>
1099
<COMPANIES></COMPANIES>
1102
f0445reute
1103
d f BC-COMMUNITY-BANK-<CBSI> 03-03 0060</UNKNOWN>
1105
<TITLE>COMMUNITY BANK <CBSI> TO MAKE ACQUISITION</TITLE>
1106
<DATELINE> SYRACUSE, N.Y., March 3 - </DATELINE><BODY>Community Bank System Inc said it
1107
has entered into a definitive agreement to acquire Nichols
1108
Community Bank for 2,800,000 dlrs in common stock.
1109
It said subject to approval by Nichols shareholders and
1110
regulatory authorities, the transaction is expected to be
1111
completed later this year.
1115
<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16360" NEWID="1040">
1116
<DATE> 3-MAR-1987 10:08:28.26</DATE>
1117
<TOPICS><D>jobs</D></TOPICS>
1118
<PLACES><D>belgium</D></PLACES>
1121
<EXCHANGES></EXCHANGES>
1122
<COMPANIES></COMPANIES>
1125
f0447reute
1126
r f BC-BELGIAN-UNEMPLOYMENT 03-03 0086</UNKNOWN>
1128
<TITLE>BELGIAN UNEMPLOYMENT FALLS IN FEBRUARY</TITLE>
1129
<DATELINE> BRUSSELS, March 3 - </DATELINE><BODY>Belgian unemployment, based on the
1130
number of jobless drawing unemployment benefit, fell to 12.1
1131
pct of the working population at the end of February from 12.6
1132
pct at the end of January, the National Statistics Office said.
1133
The rate compares with 12.4 pct at the end of February
1135
The total number of jobless stood at 508,392, compared with
1136
530,587 at the end of January and 521,219 at the end of
1137
February 1986, the Statistics Office said.
1141
<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16361" NEWID="1041">
1142
<DATE> 3-MAR-1987 10:12:44.89</DATE>
1144
<PLACES><D>usa</D></PLACES>
1147
<EXCHANGES></EXCHANGES>
1148
<COMPANIES></COMPANIES>
1151
f0456reute
1152
r f BC-KODAK-<EK>-HAS-NEW-DA 03-03 0068</UNKNOWN>
1154
<TITLE>KODAK <EK> HAS NEW DATA STORAGE, USAGE SYSTEMS</TITLE>
1155
<DATELINE> NEW YORK, March 3 - </DATELINE><BODY>Eastman Kodak Co said it is introducing
1156
four information technology systems that will be led by today's
1157
highest-capacity system for data storage and retrieval.
1158
The company said information management products will be
1159
the focus of a multi-mln dlr business-to-business
1160
communications campaign under the threme "The New Vision of
1162
Noting that it is well-known as a photographic company,
1163
Kodak said its information technology sales exceeded four
1164
billion dlrs in 1986. "If the Kodak divisions generating those
1165
sales were independent, that company would rank among the top
1166
100 of the Fortune 500," it pointed out.
1167
The objective of Kodak's "new vision" communications
1168
campaign, it added, is to inform others of the company's
1169
commitment to the business and industrial sector.
1170
Kodak said the campaign will focus in part on the
1171
information management systems unveilded today --
1172
-- The Kodak optical disk system 6800 which can store more
1173
than a terabyte of information (a tillion bytes).
1174
- The Kodak KIMS system 5000, a networked information
1175
management system using optical disks or microfilm or both.
1176
-- The Kodak KIMS system 3000, an optical-disk-based system
1177
that allows users to integrate optical disks into their current
1178
information management systems.
1179
-- The Kodak KIMS system 4500, a microfilm-based,
1180
computer-assisted system which can be a starter system.
1181
Kodak said the optical disy system 6800 is a
1182
write-once/ready-many-times type its Mass Memory Division will
1183
market on a limited basis later this year and in quantity in
1185
Each system 6800 automated disk library can accommodate up
1186
to 150, 14-inch optical disks. Each disk provides 6.8 gigabytes
1187
of randomly accessible on-line storage. Thus, Kodak pointed
1188
out, 150 disks render the more-than-a-terabyte capacity.
1189
Kodak said it will begin deliveries of the KIMS system 5000
1190
in mid-1987. The open-ended and media-independent system
1191
allows users to incorporate existing and emerging technologies,
1192
including erasable optical disks, high-density magnetic media,
1193
fiber optics and even artificial intelligence, is expected to
1194
sell in the 700,000 dlr range.
1195
Initially this system will come in a 12-inch optical disk
1196
version which provides data storage and retrieval through a
1197
disk library with a capacity of up to 121 disks, each storing
1199
Kodak said the KIMS system 3000 is the baseline member of
1200
the family of KIMS systems. Using one or two 12-inch manually
1201
loaded optical disk drives, it will sell for about 150,000 dlrs
1202
with deliveries beginning in mid-year.
1203
The company said the system 3000 is fulling compatibal with
1204
the more powerful KIMS system 5000.
1205
It said the KIMS system 4500 uses the same hardware and
1206
software as the system 5000. It will be available in mid-1987
1207
and sell in the 150,000 dlr range.
1211
<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16362" NEWID="1042">
1212
<DATE> 3-MAR-1987 10:14:49.98</DATE>
1214
<PLACES><D>usa</D></PLACES>
1217
<EXCHANGES></EXCHANGES>
1218
<COMPANIES></COMPANIES>
1221
f0467reute
1222
r f BC-BANGOR-HYDRO-<BANG>-S 03-03 0081</UNKNOWN>
1224
<TITLE>BANGOR HYDRO <BANG> SEEKS RATE CUT</TITLE>
1225
<DATELINE> BANGOR, Maine, March 3 - </DATELINE><BODY>Bangor Hydro-Electric Cor said it
1226
has filed with the Maine Public Utilities Commission (MPUC) for
1227
a two-stage base rate reduction.
1228
Bangor Hydro said the first stage, which could take effect
1229
on April 1 and would stay effective until the MPUC makes a
1230
final decision on the filing, could cut revenues by 6.149 mln
1232
The company said lower federal income taxes and lower
1233
capital costs prompted the filing.
1234
The second stage, Bangor Hydro said, effective when the
1235
MPUC makes a final decision, calls for an additional revenue
1236
reduction of 712,000 dlrs, or 1.1 pct.
1237
Bangor Hydro said, if approved, the cuts would reduce
1238
residential base rates by 8.5 pct, with 7.5 pct cut by April 1.
1239
The utility company also said it is seeking to increase its
1240
fuel cost adjustment rate by April 1.
1241
Bangor said if the increase is approved it could offset
1242
much of the base rate cut and may cause a net increase in some
1247
<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16363" NEWID="1043">
1248
<DATE> 3-MAR-1987 10:15:06.95</DATE>
1250
<PLACES><D>usa</D></PLACES>
1253
<EXCHANGES></EXCHANGES>
1254
<COMPANIES></COMPANIES>
1257
f0469reute
1258
d f BC-BROWNING-FERRIS-<BFI> 03-03 0105</UNKNOWN>
1260
<TITLE>BROWNING-FERRIS <BFI>WASTE DISPOSAL SITE CLEARED</TITLE>
1261
<DATELINE> HOUSTON, March 3 - </DATELINE><BODY>Browning-Ferris Industries Inc said the
1262
Colorado Department of Health and the U.S. Environmental
1263
Protection Agency have awarded the company permits to build and
1264
operate a hazardous waste disposal site near Last Chance, Colo.
1265
The company said construction will start this year and take
1266
about 12 months, costing about 14 to 16 mln dlrs. It said it
1267
has already spent 10 mln dlrs on development costs.
1268
The site will not accept materials that react rapidly with
1269
air or water, explosives, shock sensitive materials or
1270
radioactive wastes, the company said.
1274
<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16365" NEWID="1044">
1275
<DATE> 3-MAR-1987 10:16:12.11</DATE>
1276
<TOPICS><D>earn</D></TOPICS>
1277
<PLACES><D>sweden</D></PLACES>
1280
<EXCHANGES></EXCHANGES>
1281
<COMPANIES></COMPANIES>
1284
f0472reute
1285
d f BC-PHARMACIA-AB-<PHAB-ST 03-03 0028</UNKNOWN>
1287
<TITLE>PHARMACIA AB <PHAB ST> 1986 YEAR</TITLE>
1288
<DATELINE> STOCKHOLM, March 3 - </DATELINE><BODY>Sales 3.65 billion crowns vs 3.40
1290
Profit after financial items 821.2 mln crowns vs 740.2
1292
The 1986 results include a once-off writedown of 520 mln
1293
crowns for intangible assets, mainly the know-how paid for in
1294
the takeover of a number of high-tech companies by the group,
1296
Earnings per share after real tax including the writedown:
1297
1.94 crowns vs 12.05 crowns.
1298
Earnings per share after real tax (not including the
1299
writedown): 12.38 crowns vs 12.05
1300
Earnings per American Depository Receipt (ADR) according to
1301
U.S. Accounting principles after real tax including the
1302
writedown): 1.96 crowns vs 9.49 crowns.
1303
Earnings per ADR according to U.S. Accounting principles
1304
after real tax (without the writedown): 9.8 crowns vs 9.49.
1305
One ADR represents 0.75 pct of one B Free share in
1307
The board proposed a dividend of 1.55 crowns vs 1.25.
1311
<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" CSECS="539378419" OLDID="16364" NEWID="1045">
1312
<DATE>3-MAR-1987 10:16:24.19</DATE>
1314
<PLACES><D>usa</D></PLACES>
1317
<EXCHANGES></EXCHANGES>
1318
<COMPANIES></COMPANIES>
1321
f0473reute
1322
d f BC-VWR-CORP-<VWRX>-FORMS 03-03 0069</UNKNOWN>
1324
<TITLE>VWR CORP <VWRX> FORMS NEW UNIT</TITLE>
1325
<DATELINE> SEATTLE, March 3 - </DATELINE><BODY>VWR Corp said it has formed a new
1326
subsidiary, Momentun Textiles, to handle the distribution of
1327
upholstery fabrics, leathers and naugahyde to contract and
1328
consumer furniture manufacturers.
1329
It said its VWR Textiles and Supplies unit, which had
1330
handled that business, will continue to distribute non-woven
1331
textiles, construction fabrics and manufacturing supplies.
1335
<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16366" NEWID="1046">
1336
<DATE> 3-MAR-1987 10:17:43.59</DATE>
1338
<PLACES><D>usa</D></PLACES>
1341
<EXCHANGES></EXCHANGES>
1342
<COMPANIES></COMPANIES>
1345
f0484reute
1346
r f BC-HALLWOOD-GROUP-<HWG> 03-03 0091</UNKNOWN>
1348
<TITLE>HALLWOOD GROUP <HWG> OFFICIAL GET SAXON POST</TITLE>
1349
<DATELINE> DALLAS, March 3 - </DATELINE><BODY>Saxon Oil Development Partners' Saxon Oil
1350
Co said its chairman Bill Saxon and chief executive officer
1351
Steven Saxon have resigned effective immediately.
1352
Saxon said Anthony Gumbiner, chairman and chief executive
1353
officer of The Hallwood Group Inc, succeeds Bill Saxon as
1355
Hallwood owns a substantial number of shares of preferred
1356
stock in Saxon which, if converted into common stock, would
1357
constitute approximately 37 pct of the company, according to a
1359
Hallwood specializes in bailing out financially troubled
1360
companies and restructuring their debt, according to the
1361
source. In exchange sometimes, the group receives a small
1362
portion of the company's common stock.
1363
At times, the group also receives a position in the
1364
company, as was the case at Saxon, the source explained.
1368
<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16367" NEWID="1047">
1369
<DATE> 3-MAR-1987 10:20:45.46</DATE>
1370
<TOPICS><D>earn</D></TOPICS>
1371
<PLACES><D>usa</D></PLACES>
1374
<EXCHANGES></EXCHANGES>
1375
<COMPANIES></COMPANIES>
1378
f0494reute
1379
d f BC-PHARMACIA-FORECASTS-H 03-03 0101</UNKNOWN>
1381
<TITLE>PHARMACIA FORECASTS HIGHER 1987 EARNINGS</TITLE>
1382
<DATELINE> STOCKHOLM, March 3 - </DATELINE><BODY>Pharmacia AB <PHAB ST> forecast
1383
earnings after financial items of one billion crowns in 1987 vs
1384
821.2 mln last year on condition that exchange rates remained
1385
at their present parities.
1386
Sales would in such circumstances go up to six billion
1387
crowns from 3.65 billion in 1986, it said.
1388
A weakening Dollar was mainly responsible for a five pct
1389
negative impact on sales during 1986 which the company blamed
1390
on currency movements.
1391
Last year's results were also badly hit by a once-off
1392
writedown of 520 mln crowns for intangible assets.
1393
The company said mainly this represented the premium the
1394
group had paid for the know-how of various high-tech firms it
1396
The accounts also showed a financial deficit of 1.87
1397
billion crowns vs a deficit of 133 mln which was covered partly
1398
by drawing down company liquidity to 738 mln vs one billion and
1399
partly by increasing borrowing to 2.23 billion vs 621 mln.
1400
Pharmacia said the financial deficit was caused by it
1401
having used more funds than generated by group operations,
1402
mainly because of the 1.36 billion it paid in cash for shares
1403
in LKB-Produkter AB and the assets of Intermedics-Intraocular
1408
<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16368" NEWID="1048">
1409
<DATE> 3-MAR-1987 10:23:39.80</DATE>
1411
<PLACES><D>usa</D></PLACES>
1414
<EXCHANGES></EXCHANGES>
1415
<COMPANIES></COMPANIES>
1418
f0504reute
1419
d f BC-BERYLLIUM-INT'L-SETS 03-03 0121</UNKNOWN>
1421
<TITLE>BERYLLIUM INT'L SETS JOINT VENTURE WITH COMINCO</TITLE>
1422
<DATELINE> SALT LAKE CITY, Utah, March 3 - </DATELINE><BODY>Beryllium International
1423
Corp said it has signed a joint venture agreement with Cominco
1424
American Inc, a unit of Cominco Ltd, to develop a beryllium
1425
mine and processing plant on Beryllium International's property
1426
in the Topaz Mountains southwest of Salt Lake City.
1427
Beryllium said as a 49 pct owner of the venture it would be
1428
contributing the mine while Cominco, as operator and 51 pct
1429
owner, would conduct drilling, metallurgical studies, process
1430
testing, and other preliminary work for a feasibility study.
1431
Beryllium said the cost of the preliminary work in 1987,
1432
which will start immediately, should be about 250,000 dlrs to
1437
<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16369" NEWID="1049">
1438
<DATE> 3-MAR-1987 10:26:35.62</DATE>
1439
<TOPICS><D>gnp</D></TOPICS>
1440
<PLACES><D>canada</D></PLACES>
1443
<EXCHANGES></EXCHANGES>
1444
<COMPANIES></COMPANIES>
1447
f0508reute
1448
f f BC-CANADA-REAL-4TH-QTR-G 03-03 0013</UNKNOWN>
1449
<TEXT TYPE="BRIEF">
1450
******<TITLE>CANADA REAL 4TH QTR GDP ROSE 1.1 PCT, AFTER 3RD QTR 1.1 PCT RISE - OFFICIAL
1451
</TITLE>Blah blah blah.
1456
<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16370" NEWID="1050">
1457
<DATE> 3-MAR-1987 10:29:04.26</DATE>
1458
<TOPICS><D>bop</D></TOPICS>
1459
<PLACES><D>canada</D></PLACES>
1462
<EXCHANGES></EXCHANGES>
1463
<COMPANIES></COMPANIES>
1466
f0518reute
1467
f f BC-CANADA-4TH-QTR-CURREN 03-03 0017</UNKNOWN>
1468
<TEXT TYPE="BRIEF">
1469
******<TITLE>CANADA 4TH QTR CURRENT ACCOUNT DEFICIT 2.3 BILLION DLRS VS 3RD QTR 1.9 BILLION DEFICIT - OFFICIAL
1470
</TITLE>Blah blah blah.
1475
<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16371" NEWID="1051">
1476
<DATE> 3-MAR-1987 10:29:32.44</DATE>
1478
<PLACES><D>usa</D></PLACES>
1481
<EXCHANGES></EXCHANGES>
1482
<COMPANIES></COMPANIES>
1485
f0519reute
1486
h f BC-UNITED-GUARDIAN-<UNIR 03-03 0075</UNKNOWN>
1488
<TITLE>UNITED-GUARDIAN <UNIR>, <FEDERAL> SIGN CONTRACT</TITLE>
1489
<DATELINE> SMITHTOWN, N.Y., March 3 - </DATELINE><BODY>United-Guardian Inc said it
1490
signed a contract with <Federal Health Corp> covering the
1491
exclusive marketing of Warexin, a disinfectant for kidney
1492
dialysis machines, hospital equipment and instruments.
1493
Under the contract, United-Guardian said Federal will
1494
continue to supply Hospal, a subsidiary of <Sandoz Ltd> and
1495
<Rhone Poulenc S.A.> with all its Warexin requirements.
1499
<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16372" NEWID="1052">
1500
<DATE> 3-MAR-1987 10:31:10.05</DATE>
1501
<TOPICS><D>ship</D></TOPICS>
1502
<PLACES><D>usa</D></PLACES>
1505
<EXCHANGES></EXCHANGES>
1506
<COMPANIES></COMPANIES>
1509
f0524reute
1510
r f BC-MCLEAN-INDUSTRIES-<MI 03-03 0082</UNKNOWN>
1512
<TITLE>MCLEAN INDUSTRIES <MII> UNIT TRANSERS SERVICE</TITLE>
1513
<DATELINE> CRANFORD, N.J., March 3 - </DATELINE><BODY>McLean Industries Inc said its
1514
shipping subsidiary, United States Lines Inc, reached an
1515
agreement in principle to transfer its South American service
1516
to American Transport Lines Inc, a subsidiary of <Crowley
1518
Under the terms of the agreement, United States Lines will
1519
lease five vessels to American Transport for 15 months with an
1520
option to extend the period up to 10 years, the company said.
1521
In return, U.S. Lines will receive a fixed payment and a
1522
percentage of revenues for at least three years and possibly as
1523
long as American Transport utilizes its vessels and conducts
1524
trade in South America, the company said.
1525
The companies will consummate the transactions as soon as
1526
the required approvals are obtained, McLean said.
1530
<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16373" NEWID="1053">
1531
<DATE> 3-MAR-1987 10:32:15.36</DATE>
1533
<PLACES><D>usa</D></PLACES>
1536
<EXCHANGES></EXCHANGES>
1537
<COMPANIES></COMPANIES>
1540
f0528reute
1541
u f BC-PROXMIRE-VOWS-QUICK-A 03-03 0108</UNKNOWN>
1543
<TITLE>PROXMIRE VOWS QUICK ACTION ON U.S. BANKING BILL</TITLE>
1544
<DATELINE> WASHINGTON, March 3 - </DATELINE><BODY>Senate Banking Committee Chairman
1545
William Proxmire said modified legislation to help a federal
1546
deposit insurance fund and prohibit new limited-service banks
1547
and thrifts could be ready for a Senate vote in two to three
1549
Proxmire said he agreed to demands from committee members
1550
for a one-year moratorium on granting new business powers
1551
sought by commercial banks to increase the bill's chances.
1552
In its new form, the bill would proscribe regulators from
1553
granting new powers to banks, Proxmire told reporters after a
1554
speech to the U.S. League of Savings Institutions.
1555
A vote on the bill by the committee is scheduled for
1556
Thursday. If approved it will go to the full Senate.
1557
"I have spoken to the majority leader and he has agreed to
1558
bring it up promptly on the Senate floor in two or three weeks,"
1559
Proxmire told the thrift executives.
1560
The bill would recapitalize the Federal Savings and Loan
1561
Insurance Corp fund with 7.5 billion dlrs.
1562
It also would prohibit establishment of new nonbank banks
1563
and nonthrift thrifts, so-called because they provide financial
1564
services but do not meet the regulatory definition of both
1565
making loans and receiving deposits.
1569
<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16374" NEWID="1054">
1570
<DATE> 3-MAR-1987 10:33:48.56</DATE>
1572
<PLACES><D>usa</D></PLACES>
1575
<EXCHANGES></EXCHANGES>
1576
<COMPANIES></COMPANIES>
1579
f0540reute
1580
u f BC-lard-consumption 03-03 0107</UNKNOWN>
1582
<TITLE>U.S. LARD CONSUMPTION IN JANUARY</TITLE>
1583
<DATELINE> WASHINGTON, March 3 - </DATELINE><BODY>U.S. factory usage of lard in the
1584
production of both edible and inedible products during January
1585
totaled 21.3 mln lbs, vs a revised 25.6 mln lbs in December,
1586
according to Census Bureau figures.
1587
In the year-earlier period, usage, which includes
1588
hydrogenated vegetable and animal fats and other oils in
1589
process, amounted to 33.3 mln lbs.
1590
Usage in January comprised 15.7 mln lbs of edible products
1591
and 5.6 mln lbs of inedible products.
1592
Total lard usage in the 1986/87 marketing season, which
1593
began October 1, amounted to 104.3 mln lbs, vs 154.2 mln lbs in
1594
the year-ago period.
1598
<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16375" NEWID="1055">
1599
<DATE> 3-MAR-1987 10:34:47.47</DATE>
1601
<PLACES><D>netherlands</D></PLACES>
1604
<EXCHANGES></EXCHANGES>
1605
<COMPANIES></COMPANIES>
1608
f0546reute
1609
u f BC-SOCIETE-GENERALE-DUTC 03-03 0097</UNKNOWN>
1611
<TITLE>SOCIETE GENERALE DUTCH UNIT LAUNCHES CD PROGRAMME</TITLE>
1612
<DATELINE> AMSTERDAM, March 3 - </DATELINE><BODY>The Amsterdam unit of French bank
1613
Societe Generale said it is launching a 50-mln guilder, five
1614
month certificate of deposit programme starting March 6 and
1616
Denominations will be in one mln guilders. The price is to
1617
be set on March 4, issue date is March 6 and redemption at par
1619
Subscriptions are to be placed with Societe Generale,
1620
Oolders en de Jong C.V or Haighton en Ruth B.V. A global note
1621
for the issue will be deposited with the Dutch central bank.
1625
<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16376" NEWID="1056">
1626
<DATE> 3-MAR-1987 10:35:22.38</DATE>
1628
<PLACES><D>uk</D></PLACES>
1631
<EXCHANGES></EXCHANGES>
1632
<COMPANIES></COMPANIES>
1635
f0548reute
1636
b f BC-MONY-FUNDING-ISSUES-1 03-03 0087</UNKNOWN>
1638
<TITLE>MONY FUNDING ISSUES 125 MLN DLR EUROBOND</TITLE>
1639
<DATELINE> LONDON, March 3 - </DATELINE><BODY>Mony Funding Inc is issuing a 125 mln dlr
1640
eurobond due April 7, 1997 paying 8-1/8 pct and priced at
1641
101-1/2 pct, sole lead manager Citicorp Investment Bank Ltd
1643
The non-callable bond is guaranteed by Mutual Life
1644
Insurance Co of the U.S. And is available in denominations of
1645
5,000 dlrs and will be listed in Luxembourg. The selling
1646
concession is 1-3/8 pct while management and underwriting
1647
combined pays 5/8 pct.
1648
The payment date is April 7.
1652
<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16377" NEWID="1057">
1653
<DATE> 3-MAR-1987 10:37:40.72</DATE>
1654
<TOPICS><D>grain</D><D>wheat</D></TOPICS>
1655
<PLACES><D>uk</D></PLACES>
1658
<EXCHANGES></EXCHANGES>
1659
<COMPANIES></COMPANIES>
1662
f0559reute
1663
u f BC-SMALL-QUANTITY-OF-U.K 03-03 0057</UNKNOWN>
1665
<TITLE>SMALL QUANTITY OF UK WHEAT SOLD TO HOME MARKET</TITLE>
1666
<DATELINE> LONDON, March 3 - </DATELINE><BODY>A total of 2,435 tonnes of British
1667
intervention feed wheat were sold at today's tender for the
1668
home market out of requests for 3,435 tonnes, the Home Grown
1669
Cereals Authority, HGCA, said.
1670
Price details were not reported.
1671
No bids were submitted for intervention barley.
1675
<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16378" NEWID="1058">
1676
<DATE> 3-MAR-1987 10:38:18.98</DATE>
1677
<TOPICS><D>gnp</D></TOPICS>
1678
<PLACES><D>canada</D></PLACES>
1681
<EXCHANGES></EXCHANGES>
1682
<COMPANIES></COMPANIES>
1685
f0564reute
1686
f f BC-CANADA-DECEMBER-GDP-U 03-03 0013</UNKNOWN>
1687
<TEXT TYPE="BRIEF">
1688
******<TITLE>CANADA DECEMBER GDP UP 1.2 PCT AFTER NOVEMBER'S 0.2 PCT FALL - OFFICIAL
1689
</TITLE>Blah blah blah.
1694
<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16379" NEWID="1059">
1695
<DATE> 3-MAR-1987 10:38:44.01</DATE>
1696
<TOPICS><D>earn</D></TOPICS>
1697
<PLACES><D>usa</D></PLACES>
1700
<EXCHANGES></EXCHANGES>
1701
<COMPANIES></COMPANIES>
1704
f0568reute
1705
d f BC-FIRST-FEDERAL-SAVINGS 03-03 0052</UNKNOWN>
1707
<TITLE>FIRST FEDERAL SAVINGS <FFKZ> YEAR NET</TITLE>
1708
<DATELINE> KALAMAZOO, MICH., March 3 -
1709
</DATELINE><BODY>Shr 78 cts vs one dlr
1710
Net 1,413,000 vs 1,776,000
1711
Assets 705.3 mln vs 597.3 mln
1712
Deposits 495.6 mln vs 493.9 mln
1713
Loans 260.0 mln vs 379.7 mln
1714
Qtly div six cts vs six cts prior qtr
1717
NOTE: 1986 net includes charges from accounting changes,
1718
from one-time expenses associated with a proxy contest and an
1719
increase in loan reserves.
1720
First Federal Savings and Loan Association of Kalamazoo is
1721
full name of company.
1725
<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16380" NEWID="1060">
1726
<DATE> 3-MAR-1987 10:39:00.13</DATE>
1728
<PLACES><D>usa</D></PLACES>
1731
<EXCHANGES></EXCHANGES>
1732
<COMPANIES></COMPANIES>
1735
f0569reute
1736
u f BC-BOEING-<BA>-SAYS-ORDE 03-03 0088</UNKNOWN>
1738
<TITLE>BOEING <BA> SAYS ORDER WORTH ONE BILLION DLRS</TITLE>
1739
<DATELINE> SEATTLE, March 3 - </DATELINE><BODY>Boeing Co said its order for 15
1740
extended-range 767-300's from AMR Corp <AMR> is worth over one
1742
The company said AMR is its first customer for the
1743
767-300ER twinjet, a derivative of its 767-200 designed for
1744
increased passenger and cargo capability on flights of up to
1745
6,600 miles. It said the first delivery is scheduled for
1746
February 1988 and the jet will seat 215 in tri-class
1748
Boeing said it now has orders for 47 767-300's.
1749
In New York, <Airbus Industrie> said AMR is also the launch
1750
customer for its A300-600R widebody.
1751
AMR today announced the order of 15 of the Boeing and 25 of
1752
the Airbus twinjets.
1753
Airbus said in AMR's configuration, the A300-600R will seat
1754
16 in first class and 251 in economy. Deliveries will be made
1755
bewtween April 1988 and June 1989.
1756
Airbus did not disclose the value of the order.
1757
Boeing said AMR will operate the 767's on North Atlantic
1758
routes, while Airbus said AMR will operate the A300's on
1763
<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16381" NEWID="1061">
1764
<DATE> 3-MAR-1987 10:40:22.86</DATE>
1766
<PLACES><D>usa</D></PLACES>
1769
<EXCHANGES></EXCHANGES>
1770
<COMPANIES></COMPANIES>
1773
f0577reute
1774
u f BC-INLAND-<IAD>-FILES-FO 03-03 0105</UNKNOWN>
1776
<TITLE>INLAND <IAD> FILES FOR 1.5 MLN SHARES OFF</TITLE>
1777
<DATELINE> CHICAGO, March 3 - </DATELINE><BODY>Inland Steel Industries Inc said it
1778
registered with the Securities and Exchange Commission for a
1779
proposed public offering of 1.5 mln shares of Series C
1780
cumulative convertible exchangeable preferred shares, 50 dlrs a
1781
share liquidation value.
1782
Goldman Sachs and Co and First Boston Corp are
1783
underwriters. They have an option to buy 225,000 additional
1784
shares to cover overallotments.
1785
Proceeds are for general corporate purposes, including to
1786
fund a portion of the investment needed for a continuous cold
1787
mill joint venture under discussion with Nippon Steel Corp.
1791
<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16382" NEWID="1062">
1792
<DATE> 3-MAR-1987 10:40:34.06</DATE>
1794
<PLACES><D>usa</D></PLACES>
1797
<EXCHANGES></EXCHANGES>
1798
<COMPANIES></COMPANIES>
1801
f0579reute
1802
r f BC-<ACUSTAR-CORP>-HAS-UN 03-03 0067</UNKNOWN>
1804
<TITLE><ACUSTAR CORP> HAS UNAUTHORIZED ACCOUNT ACTION</TITLE>
1805
<DATELINE> BLOOMINGTON, Minn., March 3 - </DATELINE><BODY>Acustar Corp said it has
1806
discovered significant unauthorized activity in its corporate
1807
accounts but has not yet determined the full extent of the
1809
It said it has requested that all over-the-counter trading
1810
in its stock be halted until it can make a further
1811
announcement. An investigation is underway, it said.
1815
<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16383" NEWID="1063">
1816
<DATE> 3-MAR-1987 10:41:05.96</DATE>
1817
<TOPICS><D>earn</D></TOPICS>
1818
<PLACES><D>usa</D></PLACES>
1821
<EXCHANGES></EXCHANGES>
1822
<COMPANIES></COMPANIES>
1825
f0584reute
1826
r f BC-TOLL-BROTHERS-INC-<TO 03-03 0046</UNKNOWN>
1828
<TITLE>TOLL BROTHERS INC <TOL> 1ST QTR JAN 31 NET</TITLE>
1829
<DATELINE> HORSHAM, Penn., March 3 -
1830
</DATELINE><BODY>Shr 22 cts vs 12 cts
1831
Net 3,243,000 vs 1,656,000
1832
Revs 28.4 mln vs 21.5 mln
1833
NOTE: All amts reflect 3-for-2 stock split of company's
1834
common in form of 50 pct stock dividend paid Feb 26, 1987.
1838
<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16384" NEWID="1064">
1839
<DATE> 3-MAR-1987 10:41:11.13</DATE>
1841
<PLACES><D>usa</D></PLACES>
1844
<EXCHANGES></EXCHANGES>
1845
<COMPANIES></COMPANIES>
1848
f0585reute
1849
d f BC-UNICORP-AMERICAN-<UAC 03-03 0049</UNKNOWN>
1851
<TITLE>UNICORP AMERICAN <UAC> IN JOINT VENTURE</TITLE>
1852
<DATELINE> NEW YORK, March 3 - </DATELINE><BODY>Unicorp American Corp said it has
1853
formed a joint venture with Sybedon Corp, a New York real
1854
estate investment banking firm, to pursue real estate projects.
1855
It said a total of 20 mln dlrs is being committed to the
1860
<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16385" NEWID="1065">
1861
<DATE> 3-MAR-1987 10:41:36.86</DATE>
1862
<TOPICS><D>earn</D></TOPICS>
1863
<PLACES><D>usa</D></PLACES>
1866
<EXCHANGES></EXCHANGES>
1867
<COMPANIES></COMPANIES>
1870
f0589reute
1871
s f BC-PILLSBURY-CO-<PSY>-VO 03-03 0025</UNKNOWN>
1873
<TITLE>PILLSBURY CO <PSY> VOTES QUARTERLY DIVIDEND</TITLE>
1874
<DATELINE> MINNEAPOLIS, MINN., March 3 -
1875
</DATELINE><BODY>Qtly div 25 cts vs 25 cts prior qtr
1881
<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16386" NEWID="1066">
1882
<DATE> 3-MAR-1987 10:41:41.92</DATE>
1883
<TOPICS><D>earn</D></TOPICS>
1884
<PLACES><D>usa</D></PLACES>
1887
<EXCHANGES></EXCHANGES>
1888
<COMPANIES></COMPANIES>
1891
f0590reute
1892
s f BC-BERKSHIRE-GAS-CO-<BGA 03-03 0025</UNKNOWN>
1894
<TITLE>BERKSHIRE GAS CO <BGAS> PAYS REGULAR QTLRY DIV</TITLE>
1895
<DATELINE> PITTSFIELD, Mass., March 3 -
1896
</DATELINE><BODY>Qtrly div 28.5 cts vs 28.5 cts
1902
<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16387" NEWID="1067">
1903
<DATE> 3-MAR-1987 10:44:50.56</DATE>
1904
<TOPICS><D>grain</D><D>wheat</D><D>barley</D></TOPICS>
1905
<PLACES><D>uk</D><D>ussr</D></PLACES>
1908
<EXCHANGES></EXCHANGES>
1909
<COMPANIES></COMPANIES>
1912
f0601reute
1913
d f BC-U.K.-WHEAT-AND-BARLEY 03-03 0096</UNKNOWN>
1915
<TITLE>U.K. WHEAT AND BARLEY EXPORTS ADJUSTED UPWARDS</TITLE>
1916
<DATELINE> LONDON, March 3 - </DATELINE><BODY>The U.K. Exported 535,460 tonnes of wheat
1917
and 336,750 tonnes of barley in January, the Home Grown Cereals
1918
Authority (HGCA) said, quoting adjusted Customs and Excise
1920
Based on the previous January figures issued on February 9,
1921
wheat exports increased by nearly 64,000 tonnes and barley by
1923
The new figures bring cumulative wheat exports for the
1924
period July 1/February 13 to 2.99 mln tonnes, and barley to
1925
2.96 mln compared with 1.25 and 1.89 mln tonnes respectively a
1927
January wheat exports comprised 251,000 tonnes to European
1928
Community destinations and 284,000 tonnes to third countries.
1929
The Soviet Union was prominent in third country
1930
destinations, taking 167,700 tonnes while Poland was credited
1931
with 54,500 and South Korea 50,000 tonnes. Italy was the
1932
largest EC recipient with 75,000 tonnes followed by West
1933
Germany with 55,200 and France 52,000 tonnes.
1934
Barley exports for January comprised 103,700 tonnes to the
1935
EC and 233,000 to third countries. The Soviet Union was the
1936
largest single importer with 133,265 tonnes followed by Saudi
1937
Arabia with 53,800 tonnes.
1941
<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16388" NEWID="1068">
1942
<DATE> 3-MAR-1987 10:46:56.99</DATE>
1943
<TOPICS><D>gnp</D></TOPICS>
1944
<PLACES><D>canada</D></PLACES>
1947
<EXCHANGES></EXCHANGES>
1948
<COMPANIES></COMPANIES>
1951
f0609reute
1952
b f BC-CANADA-GDP-RISES-3.1 03-03 0085</UNKNOWN>
1954
<TITLE>CANADA GDP RISES 3.1 PCT IN 1986</TITLE>
1955
<DATELINE> OTTAWA, March 3 - </DATELINE><BODY>Canada's real gross domestic product,
1956
seasonally adjusted, rose 1.1 pct in the fourth quarter of
1957
1986, the same as the growth as in the previous quarter,
1958
Statistics Canada said.
1959
That left growth for the full year at 3.1 pct, which is
1960
down from 1985's four pct increase.
1961
The rise was also slightly below the 3.3 pct growth rate
1962
Finance Minister Michael Wilson predicted for 1986 in
1963
February's budget. He also forecast GDP would rise 2.8 pct in
1965
Statistics Canada said final domestic demand rose 0.6 pct
1966
in the final three months of the year after a 1.0 pct gain in
1968
Business investment in plant and equipment rose 0.8 pct in
1969
the fourth quarter, partly reversing the cumulative drop of 5.8
1970
pct in the two previous quarters.
1974
<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16389" NEWID="1069">
1975
<DATE> 3-MAR-1987 10:47:04.45</DATE>
1976
<TOPICS><D>grain</D><D>wheat</D></TOPICS>
1977
<PLACES><D>ussr</D><D>poland</D><D>czechoslovakia</D><D>romania</D></PLACES>
1980
<EXCHANGES></EXCHANGES>
1981
<COMPANIES></COMPANIES>
1984
f0610reute
1985
u f BC-EAST-EUROPE-WHEAT-WIN 03-03 0099</UNKNOWN>
1987
<TITLE>EAST EUROPE WHEAT WINTERKILL POSSIBLE, ACCU SAYS</TITLE>
1988
<DATELINE> STATE COLLEGE, Pa., March 3 - </DATELINE><BODY>Winter wheat crops in the
1989
western Soviet Union, Poland and eastern Czechoslovakia through
1990
northern Romania may suffer some winterkill over the next two
1991
nights, private forecaster Accu-Weather Inc said.
1992
Western USSR winter wheat areas have had only light and
1993
spotty snow and winterkill is possible tonight and tomorrow
1994
night as temperatures drop to minus 10 to 0 degrees F.
1995
Snow cover is scant in Poland, with only about 50 pct of
1996
the winter wheat areas reporting one to two inches of snow as
1998
The remaining 50 pct of winter wheat crops do not have snow
1999
cover, making winterkill possible on each of the next two
2000
nights. Lowest temperatures will be minus 10 to 0 degrees F.
2001
Winter wheat areas from eastern Czechoslovakia through
2002
northern Romania had light snow flurries yesterday and last
2003
night, but amounts were an inch or less. With temperatures
2004
expected to fall to near 0 degrees F over the next two nights,
2005
some light winterkill is possible, Accu-Weather added.
added
removed
src/test/data/reuters-21578/reut2-001.sgm
