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<!DOCTYPE lewis SYSTEM "lewis.dtd">
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<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="3984" NEWID="15001">
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<DATE> 8-APR-1987 10:08:12.27</DATE>
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<TOPICS><D>acq</D></TOPICS>
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<PLACES><D>usa</D></PLACES>
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<EXCHANGES></EXCHANGES>
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<COMPANIES></COMPANIES>
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f1041reute
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d f BC-PAXAR-CORP-<PAKS>-MAK 04-08 0032</UNKNOWN>
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<TITLE>PAXAR CORP <PAKS> MAKES ACQUISITION</TITLE>
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<DATELINE> PEARL RIVER, N.Y., April 8 - </DATELINE><BODY>Paxar Corp said it has
17
acquired Thermo-Print GmbH of Lohn, West Germany, a distributor
18
of Paxar products, for undisclosed terms.
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<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="3985" NEWID="15002">
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<DATE> 8-APR-1987 10:08:15.55</DATE>
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<TOPICS><D>earn</D></TOPICS>
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<PLACES><D>canada</D></PLACES>
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<EXCHANGES></EXCHANGES>
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<COMPANIES></COMPANIES>
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f1042reute
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d f BC-<mark's-work-wearhous 04-08 0027</UNKNOWN>
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<TITLE><MARK'S WORK WEARHOUSE LTD> YEAR JAN 31 NET</TITLE>
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<DATELINE> Calgary, Alberta, April 8 -
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</DATELINE><BODY>Shr 10 cts vs 32 cts
38
Net 975,000 vs 3,145,000
39
Sales 159.1 mln vs 147.3 mln
43
<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="3986" NEWID="15003">
44
<DATE> 8-APR-1987 10:08:21.25</DATE>
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<PLACES><D>usa</D></PLACES>
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<EXCHANGES></EXCHANGES>
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<COMPANIES></COMPANIES>
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f1043reute
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d f BC-KEY-TRONIC-<KTCC>-GET 04-08 0068</UNKNOWN>
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<TITLE>KEY TRONIC <KTCC> GETS NEW BUSINESS</TITLE>
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<DATELINE> SPOKANE, Wash., April 8 - </DATELINE><BODY>Key Tronic corp said it has
58
received contracts to provide seven original equipment
59
manufacturers with which it has not done business recently with
60
over 300,000 computer keyboards for delivery within the next 12
62
The company said "The new contracts represent an annual
63
increase of approximately 25 pct in unit volume over last
68
<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="3987" NEWID="15004">
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<DATE> 8-APR-1987 10:08:26.93</DATE>
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<TOPICS><D>acq</D></TOPICS>
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<PLACES><D>canada</D></PLACES>
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<EXCHANGES></EXCHANGES>
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<COMPANIES></COMPANIES>
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f1044reute
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d f BC-canadian-bashaw,-ersk 04-08 0061</UNKNOWN>
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<TITLE>CANADIAN BASHAW, ERSKINE RESOURCES TO MERGE</TITLE>
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<DATELINE> Edmonton, Alberta, April 8 - </DATELINE><BODY>Canadian Bashaw Leduc Oil and
83
Gas Ltd said it agreed to merge with Erskine Resources Ltd.
84
Terms were not disclosed.
85
Ownership of the combined company with 18.8 pct for the
86
current shareholders of Canadian Bashaw and 81.2 pct to the
87
current shareholders of Erskine, the companies said.
91
<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="3988" NEWID="15005">
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<DATE> 8-APR-1987 10:11:16.60</DATE>
93
<TOPICS><D>earn</D></TOPICS>
94
<PLACES><D>usa</D></PLACES>
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<EXCHANGES></EXCHANGES>
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<COMPANIES></COMPANIES>
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f1055reute
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d f BC-ENTOURAGE-<ENTG>-HAS 04-08 0097</UNKNOWN>
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<TITLE>ENTOURAGE <ENTG> HAS FIRST QUARTER LOSS</TITLE>
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<DATELINE> HOUSTON, April 8 - </DATELINE><BODY>Entourage International Inc said it had
106
a first quarter loss of 104,357 dlrs, after incurring 70,000
107
dlrs in costs for an internal audit, a report for shareholders
108
and proxy soliciation and 24,000 dlrs in startup expenses for
109
opening London offices.
110
The company went public during 1986.
111
Entourage also said it has started marketing a solid
112
perfume packaged in a lipstick tube called "Amadeus," retailing
114
The company also said it has acquired North Country Media
115
Group, a video productions company.
119
<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="3989" NEWID="15006">
120
<DATE> 8-APR-1987 10:11:26.26</DATE>
121
<TOPICS><D>earn</D></TOPICS>
122
<PLACES><D>canada</D></PLACES>
125
<EXCHANGES></EXCHANGES>
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<COMPANIES></COMPANIES>
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f1056reute
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d f BC-<mr.-jax-fashions-inc 04-08 0028</UNKNOWN>
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<TITLE><MR. JAX FASHIONS INC> YEAR FEB 28 NET</TITLE>
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<DATELINE> Vancouver, British Columbia, April 8 -
134
</DATELINE><BODY>Shr 58 cts vs 29 cts
135
Net 3,141,000 vs 1,440,000
136
Sales 24.7 mln vs 13.0 mln
140
<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="3990" NEWID="15007">
141
<DATE> 8-APR-1987 10:11:53.50</DATE>
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<PLACES><D>usa</D></PLACES>
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<EXCHANGES></EXCHANGES>
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<COMPANIES></COMPANIES>
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f1060reute
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d f BC-DIGITAL-COMMUNICATION 04-08 0058</UNKNOWN>
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<TITLE>DIGITAL COMMUNICATIONS<DCAI> NAMES NEW PRESIDENT</TITLE>
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<DATELINE> ALPHARETTA, Ga., April 8 - </DATELINE><BODY>Digital Communications
155
Associates Inc said its board has named James Ottinger
156
president and chief operating officer.
157
The company said Ottinger replaces Bertil Nordin as
158
president. Nordin will become chairman and chief executive
159
officer, Digital Communications added.
163
<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="3991" NEWID="15008">
164
<DATE> 8-APR-1987 10:11:58.32</DATE>
166
<PLACES><D>usa</D></PLACES>
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<EXCHANGES></EXCHANGES>
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<COMPANIES></COMPANIES>
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f1061reute
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d f BC-DIGITAL-<DEC>-IN-TERA 04-08 0054</UNKNOWN>
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<TITLE>DIGITAL <DEC> IN TERADYNE <TER> LICENSING PACT</TITLE>
177
<DATELINE> BOSTON, April 8 - </DATELINE><BODY>Teradyne Inc said Digital Equipment Corp
178
signed a multi-license purchase agreement valed at over one mln
179
dlrs for Teradyne's Lasar Version Six Simulation System.
180
The company said the agreement includes the option for
181
futrue lasar purchases by Digital.
185
<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="3992" NEWID="15009">
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<DATE> 8-APR-1987 10:12:18.53</DATE>
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<PLACES><D>usa</D></PLACES>
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<EXCHANGES></EXCHANGES>
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<COMPANIES></COMPANIES>
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f1064reute
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d f BC-HOME-INTENSIVE-<KDNY> 04-08 0032</UNKNOWN>
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<TITLE>HOME INTENSIVE <KDNY> EXTENDS DIALYSIS AT HOME</TITLE>
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<DATELINE> NORTH MIAMI BEACH, Fla., April 8 - </DATELINE><BODY>Home Intensive Care Inc
200
said it has opened a Dialysis at Home office in Philadelphia,
205
<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="3993" NEWID="15010">
206
<DATE> 8-APR-1987 10:14:36.24</DATE>
208
<PLACES><D>canada</D></PLACES>
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<EXCHANGES><D>tose</D></EXCHANGES>
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<COMPANIES></COMPANIES>
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f1071reute
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u f BC-bache-canada-buys 04-08 0113</UNKNOWN>
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<TITLE>BACHE CANADA BUYS TORONTO STOCK EXCHANGE SEAT</TITLE>
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<DATELINE> TORONTO, April 8 - </DATELINE><BODY>Bache Securities Inc, 80 pct owned by
220
Prudential Bache Securities Inc, said it acquired its third
221
Toronto Stock Exchange seat for 301,000 Canadian dlrs.
222
The company said the price was the highest yet paid for an
223
exchange seat. A Toronto Stock Exchange spokesman said an
224
exchange seat last sold for 195,000 dlrs in March, which was
225
acquired by <Toronto Dominion Bank>.
226
Bache Securities said it needed a third exchange seat as
227
part of an extensive plan to provide an enhanced level of
228
service to clients. The seat will be used to further build its
229
professional trading area, the investment dealer said.
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<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="3994" NEWID="15011">
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<DATE> 8-APR-1987 10:17:29.78</DATE>
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<TOPICS><D>earn</D></TOPICS>
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<EXCHANGES></EXCHANGES>
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<COMPANIES></COMPANIES>
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f1081reute
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f f BC-******F.W.-WOOLWORTH 04-08 0012</UNKNOWN>
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<TEXT TYPE="BRIEF">
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******<TITLE>F.W. WOOLWORTH CO SAYS IT HIKES DIVIDEND TO 33 CTS A SHARE FROM 28 CTS
247
</TITLE>Blah blah blah.
252
<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="3995" NEWID="15012">
253
<DATE> 8-APR-1987 10:19:42.41</DATE>
254
<TOPICS><D>earn</D></TOPICS>
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<PLACES><D>usa</D></PLACES>
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<EXCHANGES></EXCHANGES>
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<COMPANIES></COMPANIES>
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f1088reute
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b f BC-F.W.-WOOLWORTH-CO-<Z> 04-08 0021</UNKNOWN>
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<TITLE>F.W. WOOLWORTH CO <Z> HIKES DIVIDEND</TITLE>
266
<DATELINE> NEW YORK, April 8 -
267
</DATELINE><BODY>Qtly div 33 cts vs 28 cts prior
273
<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="3996" NEWID="15013">
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<DATE> 8-APR-1987 10:20:02.86</DATE>
275
<TOPICS><D>sugar</D></TOPICS>
276
<PLACES><D>netherlands</D></PLACES>
279
<EXCHANGES></EXCHANGES>
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<COMPANIES></COMPANIES>
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f1089reute
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u f BC-DUTCH-SUGAR-BEET-PLAN 04-08 0103</UNKNOWN>
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<TITLE>DUTCH SUGAR BEET PLANTING HALF FINISHED</TITLE>
287
<DATELINE> ROTTERDAM, April 8 - </DATELINE><BODY>Roughly half of this year's expected
288
130,000 hectare Dutch sugar beet crop is already in the ground,
289
a spokesman for Suiker Unie, the largest sugar processor in the
290
Netherlands, told Reuters.
291
Conditions are generally good and the average sowing date
292
for the crop is expected to be around April 11, against April
293
23 last year, and a 10-year average of April 14, the spokesman
295
"It is far too early yet to say what kind of output we can
296
expect when it comes to harvest in September, but at least the
297
crop is off to a very good start," he said.
298
Last year, the Netherlands planted a record 137,600
299
hectares of sugar beet and produced a record 1.2 mln tonnes of
300
white sugar, substantially more than the country's combined "A"
301
and "B" quota of 872,000 tonnes.
302
This year, however, a self-imposed quota system has been
303
introduced with the aim of cutting plantings to 130,000
304
hectares and reducing white sugar output to around 915,000
305
tonnes to minimise the amount of non-quota "C" sugar produced.
306
Only farmers with a record of growing suger beet have been
307
allotted quotas. This is expected to prevent the area being
308
boosted by dairy or cereal farmers moving into sugar.
312
<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4423" NEWID="15014">
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<DATE> 8-APR-1987 10:20:14.11</DATE>
315
<PLACES><D>uk</D></PLACES>
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<EXCHANGES></EXCHANGES>
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<COMPANIES></COMPANIES>
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f1090reute
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d f BC-U.K.-EXPECTS-SUBSTANT 04-08 0121</UNKNOWN>
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<TITLE>U.K. EXPECTS SUBSTANTIAL DEMAND FOR ROLLS SHARES</TITLE>
326
<DATELINE> LONDON, April 8 - </DATELINE><BODY>Demand for shares in state-owned engine
327
maker <Rolls Royce Plc> is expected to be substantial when the
328
government privatises it at the end of April, Christopher Clark
329
of the group's bankers Samuel Montagu and Sons Ltd said.
330
He told a press conference after the release of an initial
331
prospectus for the float that the issue would be offered to
332
U.K. Institutions, company employees and the general public.
333
As in previous flotations, clawback arrangements would be
334
made if public subscriptions exceeded initial allocations.
335
He declined to say how the shares would be allocated beyond
336
saying that a "significant proportion" would go to institutions.
337
A decision on what percentage would go to each sector would
338
be made shortly before the sale price was announced on April
340
Minimum subscription would be for 400 shares with payment
341
in two tranches, again a method broadly in line with previous
343
Chairman Sir Francis Tombs denied suggestions that Rolls
344
was a stock that should be left to the institutions. He noted
345
that although the aircraft industry was cyclical, Rolls had
346
several operations -- such as spare parts and military
347
equipment -- that evened out the swings.
348
Rolls' 1986 research and development expenditure in 1986
349
was 255 mln stg and could be expected in the future to vary
350
according to changes in turnover.
351
He noted that net research and development expenditure was
352
written off in the year it occurred, a policy that received
353
"inadequate recognition in one or two of the more extravagant
354
forecasts of future profits." He made no forecast himself.
355
In 1986, Rolls reported that pretax profit rose 48 pct to
356
120 mln stg on turnover 12 pct higher at 1.8 billion.
360
<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="3998" NEWID="15015">
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<DATE> 8-APR-1987 10:25:01.82</DATE>
363
<PLACES><D>netherlands</D></PLACES>
366
<EXCHANGES><D>nyse</D></EXCHANGES>
367
<COMPANIES></COMPANIES>
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f1109reute
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r f BC-NV-PHILIPS-SHARES-GET 04-08 0097</UNKNOWN>
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<TITLE>NV PHILIPS SHARES GET NYSE QUOTE FROM APRIL 14</TITLE>
374
<DATELINE> EINDHOVEN, NETHERLANDS, APRIL 8 - </DATELINE><BODY>NV Philips
375
Gloeilampenfabrieken <PGLO.AS> shares are due to start trading
376
on the New York Stock Exchange on April 14, Philips chairman
377
Cor van der Klugt told the annual shareholders meeting.
378
In March, the Dutch electronics group announced it would
379
end its current over the counter listing on the New York NASDAQ
380
system and move to the NYSE.
381
Philips said the "big board" listing in New York is expected
382
to boost its profile in the U.S., Where 10 pct of all
383
outstanding Philips shares are held.
387
<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="3999" NEWID="15016">
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<DATE> 8-APR-1987 10:25:54.05</DATE>
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<TOPICS><D>earn</D></TOPICS>
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<EXCHANGES></EXCHANGES>
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<COMPANIES></COMPANIES>
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f1110reute
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f f BC-******J.P.-MORGAN-AND 04-08 0010</UNKNOWN>
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<TEXT TYPE="BRIEF">
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******<TITLE>J.P. MORGAN AND CO INC 1ST QTR SHR 1.22 DLRS VS 1.28 DLRS
401
</TITLE>Blah blah blah.
406
<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4000" NEWID="15017">
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<DATE> 8-APR-1987 10:28:08.79</DATE>
408
<TOPICS><D>sugar</D></TOPICS>
409
<PLACES><D>belgium</D><D>france</D><D>west-germany</D><D>spain</D><D>denmark</D></PLACES>
411
<ORGS><D>ec</D></ORGS>
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<EXCHANGES></EXCHANGES>
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<COMPANIES></COMPANIES>
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f1117reute
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b f BC-EC-COMMISSION-DETAILS 04-08 0069</UNKNOWN>
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<TITLE>EC COMMISSION DETAILS SUGAR TENDER</TITLE>
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<DATELINE> BRUSSELS, April 8 - </DATELINE><BODY>The EC Commission confirmed it granted
421
export licences for 118,350 tonnes of current series white
422
sugar at a maximum export rebate of 46.496 European Currency
423
Units (ECUs) per 100 kilos.
424
Out of this, traders in France received 34,500 tonnes, in
425
the U.K. 37,800, in West-Germany 20,000, in Belgium 18,500, in
426
Spain 5,800 and in Denmark 1,750 tonnes.
430
<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4001" NEWID="15018">
431
<DATE> 8-APR-1987 10:30:36.41</DATE>
433
<PLACES><D>canada</D></PLACES>
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<EXCHANGES></EXCHANGES>
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<COMPANIES></COMPANIES>
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f1126reute
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r f BC-pancontinental-oil-ha 04-08 0093</UNKNOWN>
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<TITLE>PANCONTINENTAL OIL HAS PRIVATE FINANCING</TITLE>
444
<DATELINE> Calgary, Alberta, April 8 - </DATELINE><BODY><Pancontinental Oil Ltd> said
445
it arranged a 10 mln dlr private financing with Pemberton
446
Houston Willoughby Bell Gouinlock Inc.
447
The private placement consists of special warrants to
448
purchase seven pct convertible redeemable preferred shares.
449
The shares will be convertible for five years into common
450
shares at five dlrs per share. The preferred shares are not
451
redeemable for 2-1/2 years. Net proceeds will be used to
452
increase working capital and finance exploration and
457
<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4002" NEWID="15019">
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<DATE> 8-APR-1987 10:30:58.28</DATE>
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<PLACES><D>uk</D></PLACES>
463
<EXCHANGES></EXCHANGES>
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<COMPANIES></COMPANIES>
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f1128reute
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b f BC-FEDERAL-REALTY-CONVER 04-08 0102</UNKNOWN>
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<TITLE>FEDERAL REALTY CONVERTIBLE INCREASED, PRICED</TITLE>
471
<DATELINE> LONDON, April 8 - </DATELINE><BODY>Today's dollar convertible eurobond for
472
Federal Realty Investment Trust has been increased to 100 mln
473
dlrs from the initial 75 mln, lead manager Salomon Brothers
475
The coupon has been fixed at 5-1/4 pct compared with the
476
indicated range of 5-1/4 to 5-1/2 pct. The conversion price has
477
been fixed at 30-5/8 dlrs compared with last night's close in
478
the U.S. Of 25-1/2 dlrs. This represents a premium of 20 pct.
479
The put option after seven years was priced at 120 pct to
480
give the investor a yield to the put of 7.53 pct.
484
<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4003" NEWID="15020">
485
<DATE> 8-APR-1987 10:34:45.43</DATE>
486
<TOPICS><D>earn</D></TOPICS>
487
<PLACES><D>west-germany</D></PLACES>
490
<EXCHANGES></EXCHANGES>
491
<COMPANIES></COMPANIES>
494
f1147reute
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r f BC-VOLKSWAGEN-DIVIDEND-D 04-08 0114</UNKNOWN>
497
<TITLE>VOLKSWAGEN DIVIDEND DECISION DUE TOMORROW</TITLE>
498
<DATELINE> WOLFSBURG, West Germany, April 8 - </DATELINE><BODY>Volkswagen AG <VOWG.F>,
499
VW, is due to make a formal announcement about its 1986
500
dividend tomorrow after saying the 1985 level of 10 marks per
501
ordinary share would be held, despite massive losses because of
502
a suspected foreign currency fraud.
503
A spokesman said VW's supervisory board will meet tomorrow
504
to discuss the payout. A statement will be made afterwards.
505
VW has also said disclosed profits for 1986 will reach
506
their 1985 level, despite provisions of a possible 480 mln
507
marks linked to the currency affair. The figure is virtually
508
the same as the 477 mln mark 1985 parent company net profit.
509
When VW first confirmed the currency scandal on March 10 it
510
said the management board would propose an unchanged 10-mark
511
dividend to the supervisory board. A dividend of 11 marks would
512
be proposed for the company's new preference shares.
513
Share analysts said they saw supervisory board approval of
514
the management board proposal as virtually a formality.
515
"Anything else would be more than a surprise," one said.
516
Company sources said VW would have to dig into reserves to
517
maintain the disclosed profit. Parent company reserves stood at
518
around three billion marks at end-1985.
522
<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4004" NEWID="15021">
523
<DATE> 8-APR-1987 10:35:24.55</DATE>
525
<PLACES><D>uk</D></PLACES>
528
<EXCHANGES></EXCHANGES>
529
<COMPANIES></COMPANIES>
532
f1152reute
533
b f BC-TORONTO-DOMINION-UNIT 04-08 0082</UNKNOWN>
535
<TITLE>TORONTO DOMINION UNIT ISSUES AUSTRALIAN DLR BOND</TITLE>
536
<DATELINE> LONDON, April 8 - </DATELINE><BODY>Toronto Dominion Bank, Nassau Branch is
537
issuing a 40 mln Australian dlr eurobond due May 15, 1990
538
paying 14-1/2 pct and priced at 101-3/8 pct, lead manager
539
Hambros Bank Ltd said.
540
The non-callable bond is available in denominations of
541
1,000 Australian dlrs and will be listed in London. The selling
542
concession is one pct, while management and underwriting
543
combined will pay 1/2 pct.
544
The payment date is May 15.
548
<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4005" NEWID="15022">
549
<DATE> 8-APR-1987 10:36:31.07</DATE>
551
<PLACES><D>uk</D></PLACES>
554
<EXCHANGES></EXCHANGES>
555
<COMPANIES></COMPANIES>
558
f1160reute
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b f BC-TORONTO-DOMINION-UNIT 04-08 0081</UNKNOWN>
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<TITLE>TORONTO DOMINION UNIT ISSUES AUSTRALIAN DLR BOND</TITLE>
562
<DATELINE> LONDON, April 8 - </DATELINE><BODY>Toronto Dominion Bank, Nassau Branch is
563
issuing a 40 mln Australian dlr eurobond due May 15, 1990
564
paying 14-1/2 pct and priced at 101-3/8 pct, lead manager
565
Hambros Bank Ltd said.
566
The non-callable bond is available in denominations of
567
1,000 Australian dlrs and will be listed in London. The selling
568
concession is one pct, while management and underwriting
569
combined will pay 1/2 pct.
570
The payment date is May 15.
574
<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4006" NEWID="15023">
575
<DATE> 8-APR-1987 10:37:10.01</DATE>
576
<TOPICS><D>earn</D></TOPICS>
577
<PLACES><D>usa</D></PLACES>
580
<EXCHANGES></EXCHANGES>
581
<COMPANIES></COMPANIES>
584
f1167reute
585
r f BC-CITYTRUST-BANCORP-INC 04-08 0028</UNKNOWN>
587
<TITLE>CITYTRUST BANCORP INC <CITR> 1ST QTR NET</TITLE>
588
<DATELINE> BRIDGEPORT, Conn., April 8 -
589
</DATELINE><BODY>Shr 1.40 dlrs vs 1.16 dlrs
590
Net 5,776,000 vs 4,429,000
591
Avg shrs 4,132,828 vs 3,834,117
595
<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4007" NEWID="15024">
596
<DATE> 8-APR-1987 10:37:30.96</DATE>
597
<TOPICS><D>acq</D></TOPICS>
598
<PLACES><D>usa</D></PLACES>
601
<EXCHANGES></EXCHANGES>
602
<COMPANIES></COMPANIES>
605
f1170reute
606
r f BC-SOUTHMARK-<SM>-ACQUIR 04-08 0071</UNKNOWN>
608
<TITLE>SOUTHMARK <SM> ACQUIRES 28 NURSING HOMES</TITLE>
609
<DATELINE> DALLAS, April 8 - </DATELINE><BODY>Southmark Corp said it acquired 28
610
long-term care facilities containing for approximately 70 mln
612
It said the facilities, which contain approximately 2,500
613
beds in seven western states, were bought from Don Bybee and
614
Associates, of Salem,Ore.
615
The acquistion brings to 57 health care facilities acquired
616
in the last three months, the company said.
620
<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4008" NEWID="15025">
621
<DATE> 8-APR-1987 10:38:13.19</DATE>
623
<PLACES><D>usa</D></PLACES>
626
<EXCHANGES></EXCHANGES>
627
<COMPANIES></COMPANIES>
630
f1175reute
631
r f BC-HELEN-OF-TROY-<HELE> 04-08 0084</UNKNOWN>
633
<TITLE>HELEN OF TROY <HELE> FILES CONVERTIBLE OFFERING</TITLE>
634
<DATELINE> NEW YORK, April 8 - </DATELINE><BODY>Helen of Troy Corp said it filed with
635
the Securities and Exchange Commission a registration statement
636
covering a 20 mln dlr issue of covertible subordinated
638
Proceeds will be used for general corporate purposes,
639
including possible repayment of bank debt, product development
640
and possible acquisitions, Helen of Troy said.
641
The company named Drexel Burnham Lambert Inc as sole
642
underwriter of the offering.
646
<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4009" NEWID="15026">
647
<DATE> 8-APR-1987 10:38:19.91</DATE>
648
<TOPICS><D>earn</D></TOPICS>
649
<PLACES><D>usa</D></PLACES>
652
<EXCHANGES></EXCHANGES>
653
<COMPANIES></COMPANIES>
656
f1176reute
657
b f BC-/J.P.-MORGAN-AND-CO-I 04-08 0088</UNKNOWN>
659
<TITLE>J.P. MORGAN AND CO INC <JPM> 1ST QTR NET</TITLE>
660
<DATELINE> NEW YORK, April 8 -
661
</DATELINE><BODY>shr 1.22 dlrs vs 1.28 dlrs
662
net 226.4 mln vs 233.9 mln
663
assets 80.45 billion vs 70.23 billion
664
loans 35.16 billion vs 35.99 billion
665
deposits 45.22 billion vs 39.68 billion
666
return on assets 1.14 pct vs 1.35 pct
667
return on common equity 18.20 pct vs 22.08 pct
668
NOTE: 1987 qtr net was reduced by 20 mln dlrs because 1.3
669
billion dlrs of loans to Brazil were placed on non-accrual.
670
loan loss provision 35 mln dlrs vs 70 mln year earlier.
674
<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4010" NEWID="15027">
675
<DATE> 8-APR-1987 10:38:37.99</DATE>
676
<TOPICS><D>earn</D></TOPICS>
677
<PLACES><D>usa</D></PLACES>
680
<EXCHANGES></EXCHANGES>
681
<COMPANIES></COMPANIES>
684
f1179reute
685
r f BC-FIRSTBANC-CORP-OF-OHI 04-08 0021</UNKNOWN>
687
<TITLE>FIRSTBANC CORP OF OHIO <FBOH> 1ST QTR NET</TITLE>
688
<DATELINE> AKRON, Ohio, April 8 -
689
</DATELINE><BODY>Shr 74 cts vs 67 cts
690
Net 8,067,000 vs 7,317,000
695
<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4011" NEWID="15028">
696
<DATE> 8-APR-1987 10:39:08.80</DATE>
697
<TOPICS><D>earn</D></TOPICS>
698
<PLACES><D>usa</D></PLACES>
701
<EXCHANGES></EXCHANGES>
702
<COMPANIES></COMPANIES>
705
f1183reute
706
r f BC-MAYFAIR-SUPER-MARKETS 04-08 0063</UNKNOWN>
708
<TITLE>MAYFAIR SUPER MARKETS INC <MYFRA> 2ND QTR NET</TITLE>
709
<DATELINE> ELIZABETH, N.J., April 8 -</DATELINE><BODY>Qtr ends Feb 28
710
Shr Class A 61 cts vs 48 cts
711
Shr Class B 59 cts vs 46 cts
712
Net 2,358,000 vs 1,876,000
713
Revs 122,508,000 vs 105,871,000
715
Shr Class A 1.15 dlrs vs 86 cts
716
Shr Class B 1.13 dlrs vs 84 cts
717
Net 4,485,000 vs 3,378,000
718
Revs 242,453,000 vs 210,117,000
719
NOTE: qtr and six mths prior figures reflect two-for-one
720
stock split in August 1986.
724
<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4012" NEWID="15029">
725
<DATE> 8-APR-1987 10:39:16.52</DATE>
726
<TOPICS><D>earn</D></TOPICS>
727
<PLACES><D>usa</D></PLACES>
730
<EXCHANGES></EXCHANGES>
731
<COMPANIES></COMPANIES>
734
f1184reute
735
r f BC-HANOVER-INSURANCE-<HI 04-08 0074</UNKNOWN>
737
<TITLE>HANOVER INSURANCE <HINS> GET SPLIT APPROVAL</TITLE>
738
<DATELINE> WORCESTER, Mass., April 8 - </DATELINE><BODY>Hanover Insurance Co said its
739
stockholders approved a two-for-one stock split.
740
As a result of the split, Hanover said it increases the
741
number of authorized shares of capital stock from 10.4 mln,
742
having a par value of one dlr, to 20.9 mln, also having a par
744
The stock split is payable April 30 to stockholders of
745
record April 10, Hanover said.
749
<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4013" NEWID="15030">
750
<DATE> 8-APR-1987 10:39:22.31</DATE>
752
<PLACES><D>usa</D><D>japan</D></PLACES>
755
<EXCHANGES></EXCHANGES>
756
<COMPANIES></COMPANIES>
759
f1185reute
760
d f BC-FEDERAL-PAPERBOARD-<F 04-08 0057</UNKNOWN>
762
<TITLE>FEDERAL PAPERBOARD <FBO> ENTERS AGREEMENT</TITLE>
763
<DATELINE> MONTVALE, N.J., April 8 - </DATELINE><BODY>Federal Paperboard Co Inc said it
764
has entered into an agreement with Ozaki Trading Co Ltd of
765
Osaka, Japan, allowing Ozaki to represent Federal Paperboard's
766
bleached paperboard sales in Japan.
767
Federal added it will be opening an office in Japan in the
773
<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4427" NEWID="15031">
774
<DATE> 8-APR-1987 10:39:29.93</DATE>
775
<TOPICS><D>acq</D></TOPICS>
776
<PLACES><D>usa</D></PLACES>
779
<EXCHANGES></EXCHANGES>
780
<COMPANIES></COMPANIES>
783
f1186reute
784
d f BC-NATIONAL-GUARDIAN-<NA 04-08 0099</UNKNOWN>
786
<TITLE>NATIONAL GUARDIAN <NATG> MAKES ACQUISITIONS</TITLE>
787
<DATELINE> GREENWICH, Conn., April 8 - </DATELINE><BODY>National Guardian Corp said it
788
has acquired a number of security services companies recently,
789
with aggregate revenues of about 3,500,000 dlrs, for an
790
aggregate cost of about 2,700,000 dlrs.
791
It said it acquired guard service companies C.S.C. Security
792
Gaurd Service of Paramus, N.J., from Cartel Security
793
Consultants Inc, the Guard Services Division of Security
794
Services of America of Wayne, N.J., Capital Investigations and
795
Protective Agency of Hackensack, N.J., and Meyer Detective
796
Agency Inc of National Park, N.J.
797
The company said it bought alarm service operations
798
Certified Security Services Inc of Key West, Fla., Custom
799
Security Services of Myrtle Beach, S.C., A-T-E Security Group
800
Inc of Houston and the Louisville, Kent and Nashville, Tenn,
801
offices of Wells Fargo Alarm Services.
805
<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4015" NEWID="15032">
806
<DATE> 8-APR-1987 10:40:25.85</DATE>
807
<TOPICS><D>earn</D></TOPICS>
808
<PLACES><D>usa</D></PLACES>
811
<EXCHANGES></EXCHANGES>
812
<COMPANIES></COMPANIES>
815
f1194reute
816
s f BC-resending 04-08 0041</UNKNOWN>
818
<TITLE>UNIVERSAL MEDICAL <UMBIZ> DISTRIBUTION SET</TITLE>
819
<DATELINE> MILWAUKEE, WIS., April 8 -
820
</DATELINE><BODY>Qtly distribution 7-1/2 cts vs 7-1/2 cts prior (excluding
824
NOTE: Full name is Universal Medical Buildings L.P.
828
<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4016" NEWID="15033">
829
<DATE> 8-APR-1987 10:43:34.24</DATE>
830
<TOPICS><D>grain</D><D>corn</D></TOPICS>
831
<PLACES><D>zambia</D></PLACES>
833
<ORGS><D>imf</D></ORGS>
834
<EXCHANGES></EXCHANGES>
835
<COMPANIES></COMPANIES>
838
f1209reute
839
u f BC-ZAMBIA-DOES-NOT-PLAN 04-08 0097</UNKNOWN>
841
<TITLE>ZAMBIA DOES NOT PLAN RETAIL MAIZE PRICE HIKE</TITLE>
842
<DATELINE> LUSAKA, April 8 - </DATELINE><BODY>The Zambian government has no immediate
843
plans to follow last week's increase in the producer price of
844
maize with a hike in the retail price of maize meal, an
845
official of the ruling party said.
846
Last December, a 120 pct increase in the consumer price for
847
refined maize meal, a Zambian staple, led to food riots in
848
which at least 15 people died.
849
That price increase, which President Kenneth Kaunda later
850
revoked, followed pressure by the International Monetary Fund
851
(IMF) to reduce the government's subsidy bill.
852
However, if the producer price rise, from 6.10 dlrs to 8.67
853
dlrs per 90-kg bag, is not accompanied by a retail price
854
increase, the government will have to spend more on subsidies,
855
a practice discouraged by the IMF.
856
"There is no way out but to raise the subsidy levels of
857
meal. It (the government) would have to choose between the
858
demands of the IMF and those of the people," a Ministry of
859
Agriculture economist said.
863
<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4017" NEWID="15034">
864
<DATE> 8-APR-1987 10:45:27.04</DATE>
866
<PLACES><D>usa</D></PLACES>
869
<EXCHANGES></EXCHANGES>
870
<COMPANIES></COMPANIES>
873
f1218reute
874
r f BC-BLOCKER-ENERGY-<BLK> 04-08 0065</UNKNOWN>
876
<TITLE>BLOCKER ENERGY <BLK> SHARE OFFERING UNDERWAY</TITLE>
877
<DATELINE> HOUSTON, April 8 - </DATELINE><BODY>Blocker Energy corp said an offering of
878
20 mln common shares is underway at 2.625 dlrs per share
879
through underwriters led by <Drexel Burnham Lambert Inc> and
880
Alex. Brown and Sons Inc <ABSB>.
881
The company is offering 19.7 mln shares and shareholders
882
the rest. Before the offering it had about 33.6 mln shares
887
<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4018" NEWID="15035">
888
<DATE> 8-APR-1987 10:45:36.01</DATE>
890
<PLACES><D>usa</D></PLACES>
893
<EXCHANGES></EXCHANGES>
894
<COMPANIES></COMPANIES>
897
f1219reute
898
r f BC-ASARCO-<AR>-COMPLETES 04-08 0082</UNKNOWN>
900
<TITLE>ASARCO <AR> COMPLETES SHARE OFFERING</TITLE>
901
<DATELINE> NEW YORK, April 8 - </DATELINE><BODY>Asarco Inc said it completed the sale
902
of four mln shares of Asarco common stock to an underwriting
903
group led by First Boston Corp.
904
The underwriters sold the shares to the public at a price
905
of 22.50 dlrs a share, the minerals and energy company said.
906
Proceeds of about 86 mln dlrs will be used to reduce
907
outstanding debt, it said.
908
The offering included 3.5 mln shares announced April 1 and
909
500,000 to cover overallotments.
913
<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4019" NEWID="15036">
914
<DATE> 8-APR-1987 10:45:44.23</DATE>
916
<PLACES><D>usa</D></PLACES>
919
<EXCHANGES></EXCHANGES>
920
<COMPANIES></COMPANIES>
923
f1220reute
924
r f BC-AMERICAN-MIDLAND-<AMC 04-08 0088</UNKNOWN>
926
<TITLE>AMERICAN MIDLAND <AMCO> SETS OPERATOR FOR CASINO</TITLE>
927
<DATELINE> ENGLEWOOD CLIFFS, N.J., April 8 - </DATELINE><BODY>American Midland Corp
928
said <Braodway Casinos Inc> has entered into a letter of intent
929
for a new company to be formed by <Carnival Cruise Lines Inc>
930
and <Continental Hotel Cos> to operate Broadway's planned
931
hotel/casino in the Marina area of Atlantic City, N.J.
932
American Midland has agreed to spin off its 8.2 acre
933
Atlantic City property to Broadway, a new company in which
934
American Midland shareholders would initially own an 85 pct
939
<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4020" NEWID="15037">
940
<DATE> 8-APR-1987 10:45:50.03</DATE>
941
<TOPICS><D>acq</D></TOPICS>
942
<PLACES><D>usa</D></PLACES>
945
<EXCHANGES></EXCHANGES>
946
<COMPANIES></COMPANIES>
949
f1221reute
950
r f BC-WEDGESTONE-REALTY-<WD 04-08 0046</UNKNOWN>
952
<TITLE>WEDGESTONE REALTY <WDG> ACQUISITION APPROVED</TITLE>
953
<DATELINE> NEWTON, Mass., April 8 - </DATELINE><BODY>Wedgestone Realty Investors Trust
954
said shareholkders have approved the acquisition of its
955
advisor, Wedgestone Advisory Corp, for 600,000 shares.
956
It said completion is expected to take place April 10.
960
<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4021" NEWID="15038">
961
<DATE> 8-APR-1987 10:51:43.03</DATE>
962
<TOPICS><D>heat</D></TOPICS>
963
<PLACES><D>usa</D></PLACES>
966
<EXCHANGES></EXCHANGES>
967
<COMPANIES></COMPANIES>
970
f1239reute
971
u f BC-SUN-<SUN>-CUTS-HEATIN 04-08 0062</UNKNOWN>
973
<TITLE>SUN <SUN> CUTS HEATING OIL BARGE PRICE</TITLE>
974
<DATELINE> NEW YORK, April 8 - </DATELINE><BODY>Sun Co's Sun Refining and Marketing Co
975
subsidiary said it is decreasing the price it charges contract
976
barge customers for heating oil in ny harbor by 0.50 cent a
977
gallon, effective today.
978
The 0.50 cent a gallon price reduction brings Sun's heating
979
oil contract barge price to 50 cts a gallon, the company said.
983
<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4022" NEWID="15039">
984
<DATE> 8-APR-1987 10:52:38.11</DATE>
989
<EXCHANGES></EXCHANGES>
990
<COMPANIES></COMPANIES>
993
f1241reute
994
f f BC-******MOODY'S-AFFIRMS 04-08 0012</UNKNOWN>
995
<TEXT TYPE="BRIEF">
996
******<TITLE>MOODY'S AFFIRMS AVCO FINANCIAL'S LONG-TERM DEBT, CUTS COMMERCIAL PAPER
997
</TITLE>Blah blah blah.
1002
<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4429" NEWID="15040">
1003
<DATE> 8-APR-1987 10:56:40.19</DATE>
1005
<PLACES><D>usa</D></PLACES>
1008
<EXCHANGES></EXCHANGES>
1009
<COMPANIES></COMPANIES>
1012
f1250reute
1013
u f BC-MEDICAL-JOURNAL-REPOR 04-08 0106</UNKNOWN>
1015
<TITLE>MEDICAL JOURNAL REPORTS NEW INTERLEUKIN PROMISE</TITLE>
1016
<DATELINE> WASHINGTON, April 8 - </DATELINE><BODY>Promising new findings in the use of
1017
a controversial experimental drug called Interleukin-2 as a
1018
cure for cancer will be published in the April 9 issue of the
1019
prestigious New England Journal of Medicine, according to a
1020
Wall Street analyst who has obtained an advance copy of the
1022
Among interleukin's principal U. S. makers are Cetus Corp
1023
<CTUS>, headquartered in Emeryville, Calif., and Immunex Corp
1024
<IMNX>, based in Seattle, Wash.
1025
The journal, to be released late today, contains two
1026
articles reporting high remission rates several cancer types.
1027
The journal also contains a signed editorial concluding
1028
that the new results mark a significant milestone in the search
1029
for a successful immunotherapy for cancer.
1030
Interleukin-2, also known as IL-2, is a substance naturally
1031
produced by living cells in the laboratory.
1032
The drug is controversial because it was widely praised as
1033
a promising cancer treatment in early reports on its
1034
effectiveness in late 1985, only to come under criticism a year
1035
later for its failure to live up to its promise and due to its
1036
ravaging side effects.
1037
One of the new studies, conducted by Dr. William West of
1038
Biotherapeutics Inc of Franklin, Tenn., is particularly
1039
significant because it found far fewer harsh side effects after
1040
it changed the way in which the drug is administered.
1041
In that study, researchers administered IL-2 to 48 cancer
1042
patients and found a 50-pct remission rate for kidney cancers
1043
and a 50 pct remission rate for melanoma, a type of skin
1044
cancer, according to Prudential-Bache Securities' Stuart
1045
Weisbrod, who obtained the advance copy of the magazine.
1046
For rectal and colon cancer, the researchers found no
1047
remissions, but none of the 48 patients treated had side
1048
effects serious enough to be placed under intensive hospital
1049
care, according to the article.
1050
In the second study, whose principal author is Dr. Steven
1051
Rosenberg of the National Cancer Institute, researchers
1052
administered IL-2 to 157 cancer patients and found a 33 pct
1053
remission rate in cancers of the kidney, a 27 pct rate in
1054
melanomas and a 15 pct rate in cancers of the colon and rectum.
1055
In the National Cancer Institute trials, a total of four
1056
patients died, the magazine reported, confirming the harshness
1057
of the drug's side effects as originally administered.
1058
"Perhaps we are at the end of the beginning of the search
1059
for successful immunotherapy for cancer," said the editorial,
1060
signed by John Durant of Philadelphia's Chase Cancer Center.
1061
"These observations reported by Rosenberg and West surely
1062
did not describe successful practical approaches ready for
1063
widespread applications in the therapy of cancer patients," the
1065
"On the other hand, if they reflect, as seems possible, a
1066
successful manipulation of the cellular immune system, then we
1067
may be near the end of our search for a meaningful direction in
1068
the immunuotherapy of cancer," the editorial concluded.
1072
<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4430" NEWID="15041">
1073
<DATE> 8-APR-1987 10:58:23.92</DATE>
1075
<PLACES><D>usa</D></PLACES>
1078
<EXCHANGES></EXCHANGES>
1079
<COMPANIES></COMPANIES>
1082
f1260reute
1083
u f BC-report-recommends-dis 04-08 0096</UNKNOWN>
1085
<TITLE>REPORT SEEKS TO DISALLOW SOUTHERN <SO> COSTS</TITLE>
1086
<DATELINE> ATALANTA, April 8 - </DATELINE><BODY>An audit submitted to the Georgia
1087
Public Service Commission claims that between 944 mln dlrs and
1088
1.8 billion dlrs of the costs of the Plant Vogtle nuclear power
1089
station should be disallowed, a Southern Co spokeswoman said.
1090
Southern's Georgia Power Co subsidiary has a 45.7 pct
1091
interest in the plant and estimated earlier this year it would
1092
cost a total of 8.87 billion dlrs. Last year, the plant's
1093
owners pledged to Georgia regulators they would limit the cost
1094
passed on to rate payers to 8.4 billion dlrs.
1095
The Southern spokeswoman said the company feels the report
1096
by O'Brien-Kreitzberg is "flawed and biased." She said the
1097
report was released yesterday by the state attorney general.
1098
Responding to the report today, Georgia Power Chairman
1099
Robert W. Scherer told a news conference the conclusions drawn
1100
by the firm "are not only wrong -- they also reflect the same
1101
bias against nuclear power that these auditors have
1102
demonstrated in similar cases accross the country."
1103
Saying he was not suggesting Georgia power was without
1104
fault, Scherer said "the audit identified several things I wish
1105
we had done differently."
1106
Scherer pointed out a report O'Brien-Kreitzberg submitted
1107
to Georgia regulators in March 1986 projected Georgia Power
1108
would not finish Plant Vogtle unit one before the end of 1987.
1109
Noting "unit one is finished, and we expect it to be in
1110
commercial operationg by June," he said the firm's latest
1111
report ignored the earlier projection, gave the utility no
1112
credit for the completion and "actually penalized us by
1113
suggesting that costs to maintain t he schedule be disallowed."
1114
Scherer said the latest audit alleges Georgia Power could
1115
have saved 95 mln dlrs if it had stopped using four shifts,
1116
seven days a week to speed construction three years sooner.
1117
He said this would have delayed completion of the plant for
1118
another year "and it would have cost several hunderd million
1120
Noting the audit said costs were increased 600 mln dlrs by
1121
schedule delays totaling 20.5 months, he said "First, we have
1122
the best concrete placement record in the industry, Second new
1123
government regulations after the Three Mile Island incident
1124
significantly increased construction time.
1129
<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4025" NEWID="15042">
1130
<DATE> 8-APR-1987 10:58:52.50</DATE>
1132
<PLACES><D>uk</D></PLACES>
1135
<EXCHANGES></EXCHANGES>
1136
<COMPANIES></COMPANIES>
1139
f1263reute
1140
r f BC-FINAL-TERMS-SET-ON-AT 04-08 0067</UNKNOWN>
1142
<TITLE>FINAL TERMS SET ON ATARI CORP CONVERTIBLE EUROBOND</TITLE>
1143
<DATELINE> LONDON, April 8 - </DATELINE><BODY>The coupon on the 75 mln dlr, 15-year,
1144
convertible eurobond for Atari Corp has been set at 5-1/4 pct
1145
compared with indicated range of five to 5-1/4 pct, lead
1146
manager Paine Webber International said.
1147
The conversion price was set at 32-5/8 dlrs, representing a
1148
premium of 20.38 pct over yesterday's Atari share close of 27
1153
<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4431" NEWID="15043">
1154
<DATE> 8-APR-1987 11:00:51.15</DATE>
1155
<TOPICS><D>grain</D><D>corn</D><D>sorghum</D><D>sunseed</D><D>wheat</D><D>oilseed</D><D>soybean</D></TOPICS>
1156
<PLACES><D>argentina</D></PLACES>
1159
<EXCHANGES></EXCHANGES>
1160
<COMPANIES></COMPANIES>
1163
f1271reute
1164
r f BC-FURTHER-ARGENTINE-COA 04-08 0112</UNKNOWN>
1166
<TITLE>FURTHER ARGENTINE COARSE GRAIN LOSSES FEARED</TITLE>
1167
<AUTHOR> By Manuel Villanueva</AUTHOR>
1168
<DATELINE> BUENOS AIRES, April 8 - </DATELINE><BODY>Argentine grain producers adjusted
1169
their yield estimates for the 1986/87 coarse grain crop
1170
downward in the week to yesterday after the heavy rains at the
1171
end of March and beginning of April, trade sources said.
1172
They said sunflower, maize and sorghum production estimates
1173
had been reduced despite some later warm, dry weather, which
1174
has allowed a return to harvesting in some areas.
1175
However, as showers fell intermittently after last weekend,
1176
producers feared another spell of prolonged and intense rain
1177
could cause more damage to crops already badly hit this season.
1178
Rains in the middle of last week reached an average of 27
1179
millimetres in parts of Buenos Aires province, 83 mm in
1180
Cordoba, 41 in Santa Fe, 50 in Entre Rios and Misiones, 95 in
1181
Corrientes, eight in Chaco and 35 in Formosa.
1182
There was no rainfall in the same period in La Pampa.
1183
Producers feared continued damp conditions could produce
1184
rotting and lead to still lower yield estimates for all the
1185
crops, including soybean.
1186
However, as the lands began drying later in the week
1187
harvesting advanced considerably, reaching between 36 and 40
1188
pct of the area sown in the case of sunflower.
1189
Deterioration of the sunflower crop evident in harvested
1190
material in Cordoba, La Pampa and Buenos Aires forced yield
1191
estimates per hectare to be adjusted down again.
1192
The season's sunflowerseed production is now forecast at
1193
2.1 mln to 2.3 mln tonnes, against 2.2 mln to 2.4 mln forecast
1194
last week and down 43.9 to 48.8 pct on the 1985/86 record of
1196
Area sown to sunflowers was two to 2.2 mln hectares, 29.9
1197
to 36.3 pct below the record 3.14 mln hectares last season.
1198
Maize harvesting has also reached 36 to 40 pct of the area
1199
sown. It is near completion in Cordoba and Santa Fe and will
1200
begin in La Pampa and southern Buenos Aires later in April.
1201
Production estimates for maize were down from last week at
1202
9.5 mln to 9.8 mln tonnes, against 9.6 mln to 9.9 mln estimated
1204
This is 22.2 to 23.4 pct below the 12.4 mln to 12.6 mln
1205
tonnes estimated by private sources for the 1985/86 crop and
1206
21.9 to 25.8 pct down on the official figure of 12.8 mln
1208
Maize was sown on 3.58 mln to 3.78 mln hectares, two to
1209
seven pct down on last season's 3.85 mln.
1210
Sorghum was harvested on 23 to 25 pct of the area sown in
1211
Cordoba, Santa Fe and Chaco. Harvest will start in La Pampa and
1212
Buenos Aires in mid-April.
1213
The total area sown was 1.23 mln to 1.30 mln hectares, 10.3
1214
to 15.2 pct down on the 1.45 mln sown last season.
1215
The new forecast for the sorghum crop is 2.9 mln to 3.2 mln
1216
tonnes compared with three mln to 3.3 mln forecast last week,
1217
and is 23.8 to 29.3 pct down on last season's 4.1 mln to 4.2
1219
The soybean crop for this season was not adjusted,
1220
remaining at a record 7.5 mln to 7.7 mln tonnes, up 4.2 to 5.5
1221
pct on the 7.2 mln to 7.3 mln estimated by private sources for
1222
1985/86 and 5.6 to 8.5 pct higher than the official figure of
1224
The area sown to soybeans this season was a record 3.7 mln
1225
to 3.8 mln hectares, 10.8 to 13.8 pct up on the record 3.34 mln
1227
The soybean crop is showing excessive moisture in some
1228
areas and producers fear they may discover more damage. Some
1229
experimental harvesting was carried out in Santa Fe on areas
1230
making up only about one pct of the total crop but details on
1231
this were not available.
1232
Preparation of the fields for the 1987/88 wheat crop, which
1233
will be sown between May and August or September, has so far
1234
not been as intense as in previous years.
1238
<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4027" NEWID="15044">
1239
<DATE> 8-APR-1987 11:04:45.96</DATE>
1244
<EXCHANGES></EXCHANGES>
1245
<COMPANIES></COMPANIES>
1248
f1297reute
1249
f f BC-******TOP-OFFICIALS-A 04-08 0012</UNKNOWN>
1250
<TEXT TYPE="BRIEF">
1251
******<TITLE>TOP OFFICIALS ARRIVE AT U.S. TREASURY TO BEGIN GROUP OF FIVE MEETING
1252
</TITLE>Blah blah blah.
1257
<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4028" NEWID="15045">
1258
<DATE> 8-APR-1987 11:05:28.33</DATE>
1259
<TOPICS><D>jobs</D></TOPICS>
1260
<PLACES><D>netherlands</D></PLACES>
1263
<EXCHANGES></EXCHANGES>
1264
<COMPANIES></COMPANIES>
1267
f1304reute
1268
r f BC-DUTCH-ADJUSTED-UNEMPL 04-08 0082</UNKNOWN>
1270
<TITLE>DUTCH ADJUSTED UNEMPLOYMENT RISES IN MARCH</TITLE>
1271
<DATELINE> THE HAGUE, April 8 - </DATELINE><BODY>Dutch seasonally adjusted unemployment
1272
rose in the month to end-March to a total 693,000 from 690,600
1273
at end-February, but was well down from 730,100 at end-March
1274
1986, Social Affairs Ministry figures show.
1275
The figure for male jobless rose by 2,000 in the month to
1276
436,500 compared with 470,700 a year earlier. The figure for
1277
women was 256,500 at end-March against 256,100 a month earlier
1278
and 259,400 at end-March 1986.
1279
On an unadjusted basis total unemployment fell by 16,500 in
1280
the month to end-March to 692,200. In March 1986 the figure was
1282
A ministry spokesman said the unadjusted figures showed a
1283
smaller than usual seasonal decrease for the time of year,
1284
because of particularly cold weather delaying work in the
1285
building industry. He said this explained the increase in the
1286
adjusted statistics.
1287
Total vacancies available rose by 1,900 to 26,300 at
1288
end-March. A year earlier the figure was 28,763.
1292
<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4029" NEWID="15046">
1293
<DATE> 8-APR-1987 11:06:39.06</DATE>
1294
<TOPICS><D>earn</D></TOPICS>
1295
<PLACES><D>usa</D></PLACES>
1298
<EXCHANGES></EXCHANGES>
1299
<COMPANIES></COMPANIES>
1302
f1309reute
1303
u f BC-HARTMARX-CORP-<HMX>-B 04-08 0021</UNKNOWN>
1304
<TEXT TYPE="UNPROC">
1305
HARTMARX CORP <HMX> BOOSTS DIVIDEND
1307
Qtly div 25 cts vs 23 cts prior qtr
1314
<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4030" NEWID="15047">
1315
<DATE> 8-APR-1987 11:11:12.33</DATE>
1317
<PLACES><D>usa</D></PLACES>
1320
<EXCHANGES></EXCHANGES>
1321
<COMPANIES></COMPANIES>
1324
f1329reute
1325
b f BC-MOODY'S-AFFIRMS-AVCO 04-08 0107</UNKNOWN>
1327
<TITLE>MOODY'S AFFIRMS AVCO UNIT'S LONG-TERM DEBT</TITLE>
1328
<DATELINE> NEW YORK, April 8 - </DATELINE><BODY>Moody's Investors Service Inc said it
1329
affirmed the long-term debt ratings but cut the commercial
1330
paper to Prime-2 from Prime-1 of Avco Financial Services Inc, a
1332
Avco Financial has 2.5 billion dlrs of debt outstanding.
1333
For the paper cut, Moody's cited a higher risk profile
1334
inherent in the company's core business. Moody's said the
1335
affirmation reflected its assessment of a less diversified risk
1336
profile in the company's receivables.
1337
Affirmed were Avco Financial's A-3 senior debt, Baa-2
1338
senior subordinated debt and Baa-3 junior subordinated debt.
1342
<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4434" NEWID="15048">
1343
<DATE> 8-APR-1987 11:12:13.98</DATE>
1344
<TOPICS><D>money-fx</D></TOPICS>
1345
<PLACES><D>usa</D></PLACES>
1346
<PEOPLE><D>stoltenberg</D><D>poehl</D><D>balladur</D><D>de-larosiere</D><D>miyazawa</D><D>sumita</D><D>leigh-pemberton</D><D>goria</D><D>james-baker</D></PEOPLE>
1348
<EXCHANGES></EXCHANGES>
1349
<COMPANIES></COMPANIES>
1352
f1335reute
1353
b f BC-TOP-OFFICIALS-ARRIVE 04-08 0108</UNKNOWN>
1355
<TITLE>TOP OFFICIALS ARRIVE AT TREASURY FOR G-5 TALKS</TITLE>
1356
<DATELINE> WASHINGTON, April 8 - </DATELINE><BODY>Top officials of leading industrial
1357
nations arrived at the U.S. Treasury main building to begin a
1358
meeting of the Group of Five.
1359
Officials seen arriving by Reuter correspondents included
1360
West German Finance Minister Gerhard Stoltenberg and Bundesbank
1361
President Karl Otto Poehl, French Finance Minister Edouard
1362
Balladur and his central banker Jacques de Larosiere.
1363
Also seen arriving were Japanese Finance Minister Kiichi
1364
Miyazawa and Japan's central bank governor Satoshi Sumita and
1365
British Chancellor of the Exchequer and central bank governor
1366
Robin Leigh Pemberton.
1367
There was no immediate sign of Italian or Canadian
1368
officials. Monetary sources have said a fully blown meeting of
1369
the Group of Seven is expected to begin around 3 p.m. local
1370
time (1900 gmt) and last at least until 6 p.m. (2200 gmt), when
1371
a communique is expected to be issued.
1372
Italian sources said Italian acting Finance Minister
1373
Giovanni Goria met Treasury Secretary James Baker last night.
1374
At those talks Baker apparently convinced Goria, who
1375
declined to attend the February meeting of the Group of Seven
1376
in Paris, that Italy would participate fully in any meaningful
1381
<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4032" NEWID="15049">
1382
<DATE> 8-APR-1987 11:12:43.58</DATE>
1383
<TOPICS><D>interest</D></TOPICS>
1384
<PLACES><D>usa</D></PLACES>
1387
<EXCHANGES></EXCHANGES>
1388
<COMPANIES></COMPANIES>
1391
f1338reute
1392
b f BC-/-FED-EXPECTED-TO-SET 04-08 0110</UNKNOWN>
1394
<TITLE>FED EXPECTED TO SET CUSTOMER REPURCHASES</TITLE>
1395
<DATELINE> NEW YORK, April 8 - </DATELINE><BODY>The Federal Reserve is expected to
1396
intervene in the government securities market to supply
1397
temporary reserves indirectly via customer repurchase
1398
agreements, economists said.
1399
Economists expect the Fed to execute 2.0-2.5 billion dlrs
1400
of customer repos to offset pressures from the end of the
1401
two-week bank reserve maintenance period today. Some also look
1402
for a permanent reserve injection to offset seasonal pressures
1403
via an outright purchase of bills or coupons this afternoon.
1404
The Federal funds rate opened at 6-3/8 pct and remained at
1405
that level, up from yesterday's 6.17 pct average.
1409
<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4033" NEWID="15050">
1410
<DATE> 8-APR-1987 11:15:23.93</DATE>
1412
<PLACES><D>usa</D></PLACES>
1415
<EXCHANGES></EXCHANGES>
1416
<COMPANIES></COMPANIES>
1419
f1352reute
1420
r f BC-BEST-BUY-<BBUY>-MARCH 04-08 0063</UNKNOWN>
1422
<TITLE>BEST BUY <BBUY> MARCH SALES RISE</TITLE>
1423
<DATELINE> MINNEAPOLIS, April 8 - </DATELINE><BODY>Best Buy Co Inc said its sales for
1424
March rose to 26.1 mln dlrs from 11.9 mln dlrs in the
1425
comparable 1986 period.
1426
It said sales for the fiscal year ended March 31 rose to
1427
329.5 mln dlrs from 113.1 mln dlrs a year earlier.
1428
The company said sales performance was based on the
1429
addition of 12 new retail facilities.
1433
<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4034" NEWID="15051">
1434
<DATE> 8-APR-1987 11:15:28.57</DATE>
1436
<PLACES><D>usa</D></PLACES>
1439
<EXCHANGES></EXCHANGES>
1440
<COMPANIES></COMPANIES>
1443
f1353reute
1444
r f BC-AUTOSPA-<LUBE>-TO-RED 04-08 0041</UNKNOWN>
1446
<TITLE>AUTOSPA <LUBE> TO REDEEM WARRANTS</TITLE>
1447
<DATELINE> NEW YORK, April 8 - </DATELINE><BODY>AutoSpa corp said it will redeem all
1448
its common stock purchase warrants on May Five at 7.5 cts each.
1449
Through May Four, each warrant may be exercised into one
1450
common share at 1.75 dlrs.
1454
<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4035" NEWID="15052">
1455
<DATE> 8-APR-1987 11:15:35.75</DATE>
1456
<TOPICS><D>acq</D></TOPICS>
1457
<PLACES><D>usa</D></PLACES>
1460
<EXCHANGES></EXCHANGES>
1461
<COMPANIES></COMPANIES>
1464
f1354reute
1465
r f BC-READER'S-DIGEST-ASSOC 04-08 0071</UNKNOWN>
1467
<TITLE>READER'S DIGEST ASSOCIATION SELLS UNIT</TITLE>
1468
<DATELINE> PLEASANTVILLE, N.Y., April 8 - </DATELINE><BODY><The Reader's Digest
1469
Association Inc> said it sold its subsidiary, Source
1470
Telecomputing Corp, to the venture capital firm of <Welsh,
1471
Carson, Anderson and Stowe>.
1472
The purchase price was not disclosed, Reader's Digest said.
1473
It said it purchased an 80 pct stake in Source in 1980 and
1474
earned an unspecified profit on 14 mln dlrs in revenues in
1479
<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4036" NEWID="15053">
1480
<DATE> 8-APR-1987 11:15:38.86</DATE>
1481
<TOPICS><D>earn</D></TOPICS>
1482
<PLACES><D>usa</D></PLACES>
1485
<EXCHANGES></EXCHANGES>
1486
<COMPANIES></COMPANIES>
1489
f1355reute
1490
r f BC-WEIS-MARKETS-INC-<WMK 04-08 0026</UNKNOWN>
1492
<TITLE>WEIS MARKETS INC <WMK> 1ST QTR MARCH 28 NET</TITLE>
1493
<DATELINE> SUNBURY, Pa., April 8 -
1494
</DATELINE><BODY>Shr 59 cts vs 51 cts
1495
Net 18.0 mln vs 15.6 mln
1496
Revs 278.6 mln vs 272.2 mln
1500
<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4037" NEWID="15054">
1501
<DATE> 8-APR-1987 11:15:46.20</DATE>
1503
<PLACES><D>usa</D></PLACES>
1506
<EXCHANGES></EXCHANGES>
1507
<COMPANIES></COMPANIES>
1510
f1356reute
1511
r f BC-AVNET-INC-<AVT>-FILES 04-08 0093</UNKNOWN>
1513
<TITLE>AVNET INC <AVT> FILES FOR DEBENTURE OFFERING</TITLE>
1514
<DATELINE> NEW YORK, April 8 - </DATELINE><BODY>Anvet Inc said it filed with the
1515
Securities and Exchange Commission a registration statement for
1516
a proposed public offering of 150 mln dlrs of convertible
1517
subordinated debentures due 2012.
1518
Avnet said it will use the net proceeds for general working
1519
capital purposes and the anticipated domestic and foreign
1520
expansion of its distribution, assembly and manufacturing
1522
The company said an investment banking group managed by
1523
Dillon Read and Co Inc will handle the offering.
1527
<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4038" NEWID="15055">
1528
<DATE> 8-APR-1987 11:15:53.12</DATE>
1529
<TOPICS><D>earn</D></TOPICS>
1530
<PLACES><D>canada</D></PLACES>
1533
<EXCHANGES></EXCHANGES>
1534
<COMPANIES></COMPANIES>
1537
f1357reute
1538
r f BC-CONTINENTAL-BANK-INIT 04-08 0100</UNKNOWN>
1540
<TITLE>CONTINENTAL BANK INITIAL DISTRIBUTION APPROVED</TITLE>
1541
<DATELINE> TORONTO, April 8 - </DATELINE><BODY>Continental Bank of Canada said
1542
shareholders approved a capital reorganization to allow an
1543
initial payout by the end of May to common shareholders from
1544
last year's 200 mln Canadian dlr sale of most Continental
1545
assets to <Lloyds Bank PLC>'s Lloyds Bank Canada.
1546
The bank said the initial distribution would take the form
1547
of a stock dividend of cumulative redeemable retractable class
1548
A series two preferred shares entitling holders to monthly
1549
floating rate dividends at 72 pct of prime and to 12.75 dlrs a
1550
share on retraction.
1551
Continental said the initial payout was subject to Canadian
1552
government approval.
1553
The bank reiterated that total distributions to common
1554
shareholders would range from 16.50 dlrs a share to 17.25 dlrs
1555
including the initial stock dividend and a final distribution
1556
in late 1988 or early 1989.
1557
The payout of existing preferred shareholders will be
1558
completed just before next month's initial distribution to
1559
common shareholders, Continental added.
1564
<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4039" NEWID="15056">
1565
<DATE> 8-APR-1987 11:15:58.96</DATE>
1566
<TOPICS><D>earn</D></TOPICS>
1567
<PLACES><D>usa</D></PLACES>
1570
<EXCHANGES></EXCHANGES>
1571
<COMPANIES></COMPANIES>
1574
f1358reute
1575
r f BC-ATLAS-CONSOLIDATED-MI 04-08 0060</UNKNOWN>
1577
<TITLE>ATLAS CONSOLIDATED MINING AND DEVELOPMENT <ACMB></TITLE>
1578
<DATELINE> NEW YORK, April 8 - </DATELINE><BODY>4th qtr
1579
Shr loss 17 cts vs loss 22 cts
1580
Net loss 14.5 mln vs loss 18.0 mln
1581
Revs 27.3 mln vs 23.7 mln
1583
Shr 58 cts vs 1.01 dlrs
1584
Net loss 48.3 mln vs loss 84.2 mln
1585
Revs 111.7 mln vs 141.9 mln
1586
NOTE: Atlas Consolidated Mining and Development Corp of
1588
Translated from Philippine pesos at 20.3489 pesos to dollar
1589
vs 18.5571 in quarter and 20.2315 vs 18.2743 in year.
1593
<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4040" NEWID="15057">
1594
<DATE> 8-APR-1987 11:16:31.73</DATE>
1596
<PLACES><D>usa</D></PLACES>
1599
<EXCHANGES></EXCHANGES>
1600
<COMPANIES></COMPANIES>
1603
f1362reute
1604
r f BC-FORD-<F>-EXTENDS-INCE 04-08 0119</UNKNOWN>
1606
<TITLE>FORD <F> EXTENDS INCENTIVES ON LIGHT TRUCKS</TITLE>
1607
<DATELINE> DEARBORN, Mich., April 8 - </DATELINE><BODY>Ford Motor Co said it extended
1608
its buyer incentive program on light trucks to April 30 from
1609
April 6, the program's previous expiration date.
1610
Ford, which saw a 23 pct rise in its March truck sales over
1611
the March 1986 level, said the incentives were extended to
1612
"maintain its truck sales momentum."
1613
The program itself was not changed. Customers have a choice
1614
of 3.9 to 9.9 annual percentage rate financing or a cash rebate
1615
of 300 dlrs or 600 dlrs, depending on the type of transmission
1617
Ford last week extended to April 30 from March 12 its
1618
incentive program on its compact trucks and the Ford Taurus and
1623
<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4041" NEWID="15058">
1624
<DATE> 8-APR-1987 11:16:47.23</DATE>
1626
<PLACES><D>italy</D></PLACES>
1628
<ORGS><D>fao</D></ORGS>
1629
<EXCHANGES></EXCHANGES>
1630
<COMPANIES></COMPANIES>
1633
f1364reute
1634
d f BC-FAO-REPORTS-BETTER-CR 04-08 0104</UNKNOWN>
1636
<TITLE>FAO REPORTS BETTER CROPS IN DEVELOPING COUNTRIES</TITLE>
1637
<DATELINE> ROME, April 8 - </DATELINE><BODY>World output of staple foods maintained
1638
growth in 1986, following a record harvest the year before, and
1639
most of the increase was in developing countries, the director
1640
general of the U.N.'s Food and Agriculture Organisation (FAO)
1642
Speaking to FAO's committee on world food security, Edouard
1643
Saouma said sub-Saharan Africa registered a cereal production
1644
increase of 3.6 pct in 1986 and the Far East also continued to
1645
increase production.
1646
Despite ample supplies worldwide, many countries face
1647
problems in paying for all the food they need, he said.
1648
Saouma said many of the developing world's food problems
1649
were the result of "chaotic" world trade.
1650
He said it was vital to promote employment to improve the
1651
"food-security situation" of the poor, with policy reforms in
1652
developing countries to remove existing disincentives to
1653
production so that agriculture could play a greater role in
1654
stimulating economic growth.
1658
<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4042" NEWID="15059">
1659
<DATE> 8-APR-1987 11:16:54.96</DATE>
1661
<PLACES><D>usa</D></PLACES>
1664
<EXCHANGES></EXCHANGES>
1665
<COMPANIES></COMPANIES>
1668
f1365reute
1669
r f BC-AVX-CORP-<AVX>-FILES 04-08 0061</UNKNOWN>
1671
<TITLE>AVX CORP <AVX> FILES FOR DEBENTURE OFFERING</TITLE>
1672
<DATELINE> GREAT NECK, N.Y., April 8 - </DATELINE><BODY>AVX Corp said it has filed a
1673
registration statement with the Securities and Exchange
1674
Commission for a proposed public offering of 75 mln dlrs
1675
prinicipal amount of convertible subordinated debentures.
1676
AVX said a syndicate managed by Shearson Lehman Brothers
1677
Inc will underwrite the offering.
1681
<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4043" NEWID="15060">
1682
<DATE> 8-APR-1987 11:17:19.96</DATE>
1683
<TOPICS><D>acq</D></TOPICS>
1684
<PLACES><D>usa</D></PLACES>
1687
<EXCHANGES></EXCHANGES>
1688
<COMPANIES></COMPANIES>
1691
f1367reute
1692
u f BC-SCI-MED-<SMLS>-BOARD 04-08 0100</UNKNOWN>
1694
<TITLE>SCI-MED <SMLS> BOARD AGREES TO BRISTOL<BMY>DEAL</TITLE>
1695
<DATELINE> MINNEAPOLIS, MINN., April 8 - </DATELINE><BODY>Sci-Med Life Systems Inc said
1696
its directors approved a previously proposed agreement of
1697
merger with Bristol-Myers Co.
1698
The proposed transaction is subject to completion of a due
1699
diligence investigation, including a review by Bristol-Myers of
1700
a patent infringement suit served on Sci-Med by Advanced
1701
Cardiovascular Systems Inc on March 31, 1987.
1702
Bristol-Myers has the right to call off the agreement under
1703
certain circumstances, it said.
1704
Sci-Med said it continues to believe the patent suit is
1709
<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4044" NEWID="15061">
1710
<DATE> 8-APR-1987 11:18:14.40</DATE>
1711
<TOPICS><D>acq</D></TOPICS>
1712
<PLACES><D>usa</D></PLACES>
1715
<EXCHANGES></EXCHANGES>
1716
<COMPANIES></COMPANIES>
1719
f1371reute
1720
r f BC-FIDELCOR-<FICR>-COMPL 04-08 0059</UNKNOWN>
1722
<TITLE>FIDELCOR <FICR> COMPLETES SALE OF UNIT</TITLE>
1723
<DATELINE> PHILADELPHIA, April 8 - </DATELINE><BODY>Fidelcor Inc said it has completed
1724
the sale of its Industrial Valley Title Insurance Co subsidiary
1725
to a group of investors including the unit's management for
1727
Industrial Valley has assets of about 37.6 mln dlrs and was
1728
acquired last year along with IVB Financial Corp.
1732
<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4045" NEWID="15062">
1733
<DATE> 8-APR-1987 11:18:20.11</DATE>
1734
<TOPICS><D>earn</D></TOPICS>
1735
<PLACES><D>usa</D></PLACES>
1738
<EXCHANGES></EXCHANGES>
1739
<COMPANIES></COMPANIES>
1742
f1372reute
1743
d f BC-DATA-TRANSLATION-INC 04-08 0033</UNKNOWN>
1745
<TITLE>DATA TRANSLATION INC <DATX> 1ST QTR FEB 28 NET</TITLE>
1746
<DATELINE> MARLBORO, Mass., April 8 -
1747
</DATELINE><BODY>Shr 18 cts vs 13 cts
1748
Net 575,000 vs 379,000
1749
Sales 6,625,000 vs 4,537,000
1750
Avg shrs 3,173,000 vs 2,977,000
1754
<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4046" NEWID="15063">
1755
<DATE> 8-APR-1987 11:18:37.67</DATE>
1756
<TOPICS><D>pet-chem</D><D>crude</D><D>acq</D><D>earn</D></TOPICS>
1757
<PLACES><D>usa</D></PLACES>
1760
<EXCHANGES></EXCHANGES>
1761
<COMPANIES></COMPANIES>
1764
f1375reute
1765
d f BC-petrochemical 04-08 0098</UNKNOWN>
1767
<TITLE>ENERGY/U.S. PETROCHEMICAL INDUSTRY</TITLE>
1768
<AUTHOR> By JULIE VORMAN, Reuters</AUTHOR>
1769
<DATELINE> HOUSTON, April 8 - </DATELINE><BODY>Cheap oil feedstocks, the weakened U.S.
1770
dollar and a plant utilization rate approaching 90 pct will
1771
propel the streamlined U.S. petrochemical industry to record
1772
profits this year, with growth expected through at least 1990,
1773
major company executives predicted.
1774
This bullish outlook for chemical manufacturing and an
1775
industrywide move to shed unrelated businesses has prompted GAF
1776
Corp <GAF>, privately-held Cain Chemical Inc, and other firms
1777
to aggressively seek acquisitions of petrochemical plants.
1778
Oil companies such as Ashland Oil Inc <ASH>, the
1779
Kentucky-based oil refiner and marketer, are also shopping for
1780
money-making petrochemical businesses to buy.
1781
"I see us poised at the threshold of a golden period," said
1782
Paul Oreffice, chairman of giant Dow Chemical Co <DOW>, adding,
1783
"There's no major plant capacity being added around the world
1784
now. The whole game is bringing out new products and improving
1786
Analysts say the chemical industry's biggest customers,
1787
automobile manufacturers and home builders that use a lot of
1788
paints and plastics, are expected to buy quantities this year.
1789
U.S. petrochemical plants are currently operating at about
1790
90 pct capacity, reflecting tighter supply that could hike
1791
product prices by 30 to 40 pct this year, said John Dosher,
1792
managing director of Pace Consultants Inc of Houston. Demand
1793
for some products such as styrene could push profit margins up
1794
by as much as 300 pct, he said.
1795
Oreffice, speaking at a meeting of chemical engineers in
1796
Houston, said Dow would easily top the 741 mln dlrs it earned
1797
last year and predicted it would have the best year in its
1799
In 1985, when oil prices were still above 25 dlrs a barrel
1800
and chemical exports were adversely affected by the strong U.S.
1801
dollar, Dow had profits of 58 mln dlrs. "I believe the entire
1802
chemical industry is headed for a record year or close to it,"
1804
GAF chairman Samuel Heyman estimated that the U.S. chemical
1805
industry would report a 20 pct gain in profits during 1987.
1806
Last year, the domestic industry earned a total of 13 billion
1807
dlrs, a 54 pct leap from 1985.
1808
The turn in the fortunes of the once-sickly chemical
1809
industry has been brought about by a combination of luck and
1810
planning, said Pace's John Dosher.
1811
Dosher said last year's fall in oil prices made feedstocks
1812
dramatically cheaper and at the same time the American dollar
1813
was weakening against foreign currencies. That helped boost
1814
U.S. chemical exports.
1815
Also helping to bring supply and demand into balance has
1816
been the gradual market absorption of the extra chemical
1817
manufacturing capacity created by Middle Eastern oil producers
1819
Finally, virtually all major U.S. chemical manufacturers
1820
have embarked on an extensive corporate restructuring program
1821
to mothball inefficient plants, trim the payroll and eliminate
1822
unrelated businesses. The restructuring touched off a flurry of
1823
friendly and hostile takeover attempts.
1824
GAF, which made an unsuccessful attempt in 1985 to acquire
1825
Union Carbide Corp <UK>, recently offered three billion dlrs
1826
for Borg Warner Corp <BOR>, a Chicago manufacturer of plastics
1827
and chemicals. Another industry powerhouse, W.R. Grace <GRA>
1828
has divested its retailing, restaurant and fertilizer
1829
businesses to raise cash for chemical acquisitions.
1830
But some experts worry that the chemical industry may be
1831
headed for trouble if companies continue turning their back on
1832
the manufacturing of staple petrochemical commodities, such as
1833
ethylene, in favor of more profitable specialty chemicals that
1834
are custom-designed for a small group of buyers.
1835
"Companies like DuPont <DD> and Monsanto Co <MTC> spent the
1836
past two or three years trying to get out of the commodity
1837
chemical business in reaction to how badly the market had
1838
deteriorated," Dosher said. "But I think they will eventually
1839
kill the margins on the profitable chemicals in the niche
1840
market." Some top chemical executives share the concern.
1841
"The challenge for our industry is to keep from getting
1842
carried away and repeating past mistakes," GAF's Heyman
1843
cautioned. "The shift from commodity chemicals may be
1844
ill-advised. Specialty businesses do not stay special long."
1845
Houston-based Cain Chemical, created this month by the
1846
Sterling investment banking group, believes it can generate 700
1847
mln dlrs in annual sales by bucking the industry trend.
1848
Chairman Gordon Cain, who previously led a leveraged buyout
1849
of Dupont's Conoco Inc's chemical business, has spent 1.1
1850
billion dlrs since January to buy seven petrochemical plants
1851
along the Texas Gulf Coast.
1852
The plants produce only basic commodity petrochemicals that
1853
are the building blocks of specialty products.
1854
"This kind of commodity chemical business will never be a
1855
glamorous, high-margin business," Cain said, adding that demand
1856
is expected to grow by about three pct annually.
1857
Garo Armen, an analyst with Dean Witter Reynolds, said
1858
chemical makers have also benefitted by increasing demand for
1859
plastics as prices become more competitive with aluminum, wood
1860
and steel products. Armen estimated the upturn in the chemical
1861
business could last as long as four or five years, provided the
1862
U.S. economy continues its modest rate of growth.
1866
<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4047" NEWID="15064">
1867
<DATE> 8-APR-1987 11:20:27.61</DATE>
1869
<PLACES><D>usa</D></PLACES>
1872
<EXCHANGES></EXCHANGES>
1873
<COMPANIES></COMPANIES>
1876
f1387reute
1877
d f BC-FEDERAL-PAPER-BOARD-< 04-08 0047</UNKNOWN>
1879
<TITLE>FEDERAL PAPER BOARD <FBO> IN MARKETING DEAL</TITLE>
1880
<DATELINE> MONTVALE, N.J., April 8 - </DATELINE><BODY>Federal Paper Board Co Inc said
1881
it has named Ozaki Trading Co Ltd of Osaka to represent it it
1882
Japan on the sale of bleached paperboard.
1883
Federal said it plans to open its own Japanese office in
1888
<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4048" NEWID="15065">
1889
<DATE> 8-APR-1987 11:21:05.09</DATE>
1890
<TOPICS><D>earn</D></TOPICS>
1891
<PLACES><D>usa</D></PLACES>
1894
<EXCHANGES></EXCHANGES>
1895
<COMPANIES></COMPANIES>
1898
f1390reute
1899
d f BC-FIDATA-CORP-<FID>-4TH 04-08 0094</UNKNOWN>
1901
<TITLE>FIDATA CORP <FID> 4TH QTR LOSS</TITLE>
1902
<DATELINE> NEW YORK, April 8 -
1903
</DATELINE><BODY>Shr loss two cts vs profit 38 cts
1904
Net loss 90,000 vs profit 1,685,000
1905
Revs 1,826,000 vs 29.3 mln
1907
Shr profit 3.37 dlrs vs profit 46 cts
1908
Net profit 15.0 mln vs profit 2,047,000
1909
Revs 26.2 mln vs 123.6 mln
1910
NOTE: Net includes pretax securities sale gain 10,000 dlrs
1911
vs loss 1,000 dlrs in quarter and gain 486,000 dlrs vs loss
1912
112,000 dlrs in year.
1913
Net includes pretax gains on sale of businesses of nil vs
1914
4,656,000 dlrs in quarter and 26.0 mln dlrs vs 4,656,000 dlrs
1916
Net includes pretax losses on disposition of product line
1917
of nil vs 3,150,000 dlrs in quarter and 3,300,000 dlrs vs
1918
3,150,000 dlrs in year.
1919
Quarter net includes tax credits of 102,000 dlrs vs 736,000
1921
Net includes reversal of tax loss carryforwards of 259,000
1922
dlrs vs 264,000 dlrs in quarter and tax loss carryforwards of
1923
8,635,000 dlrs vs 579,000 dlrs in year.
1927
<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4049" NEWID="15066">
1928
<DATE> 8-APR-1987 11:21:19.09</DATE>
1930
<PLACES><D>usa</D></PLACES>
1933
<EXCHANGES></EXCHANGES>
1934
<COMPANIES></COMPANIES>
1937
f1392reute
1938
d f BC-CMS-<ACMS>-UNVEILS-FI 04-08 0111</UNKNOWN>
1940
<TITLE>CMS <ACMS> UNVEILS FIRST IBM SYSTEM/2 ADD ONS</TITLE>
1941
<DATELINE> TUSTIN, Calif., April 8 - </DATELINE><BODY>CMS Enhancements Inc said it has
1942
introduced the first add-on mass storage products for the new
1943
International Business Machines Corp <IBM> IBM Personal
1944
System/2 Model 30 personal computers.
1945
CMS said the products are available immediately and include
1946
hard disk drives, tape backup subsystems and a hard disk drive
1947
on an expansion card.
1948
It added it plans to introduce more products for higher-
1949
end models of the IBM personal computers within the next two
1951
Prices for the new products range from 795 dlrs for a tape
1952
backup subsystem, to 5,695 dlrs for a mass storage subsystem.
1956
<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4050" NEWID="15067">
1957
<DATE> 8-APR-1987 11:21:24.56</DATE>
1958
<TOPICS><D>earn</D></TOPICS>
1959
<PLACES><D>usa</D></PLACES>
1962
<EXCHANGES></EXCHANGES>
1963
<COMPANIES></COMPANIES>
1966
f1393reute
1967
d f BC-MARBLE-FINANCIAL-CORP 04-08 0042</UNKNOWN>
1969
<TITLE>MARBLE FINANCIAL CORP <MRBL> 1ST QTR NET</TITLE>
1970
<DATELINE> RUTLAND, Vt., April 8 -
1971
</DATELINE><BODY>Oper shr 26 cts vs not given
1972
Oper net 866,000 vs 480,000
1973
NOTE: 1987 net excludes 157,000 dlr gain from termination
1975
Company went public in August 1986.
1979
<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="4051" NEWID="15068">
1980
<DATE> 8-APR-1987 11:22:35.93</DATE>
1982
<PLACES><D>usa</D></PLACES>
1985
<EXCHANGES></EXCHANGES>
1986
<COMPANIES></COMPANIES>
1989
f1402reute
1990
d f BC-NANTUCKET-<NAN>-NAMES 04-08 0055</UNKNOWN>
1992
<TITLE>NANTUCKET <NAN> NAMES NEW HEAD FOR UNIT</TITLE>
1993
<DATELINE> NEW YORK, April 8 - </DATELINE><BODY>Nantucket Industries Inc said James
1994
Adams has been named president of its hosiery division,
1995
replacing John Wineapple, and Terry Hampton has been named vice
1996
president of manufacturing for the division, replacing Howard
1998
No reason was given for the changes.
added
removed
src/test/data/reuters-21578/reut2-015.sgm
